Success in Modern Labor Market Essay Example | Topics and Well Written Essays - 2500 words

Accomplishment in Modern Labor Market - Essay Example Under states of globalization it is conceivable to reflect one’s capacities from various possibilities. We live at intriguing occasions and we are interested by the decent varieties of the cutting edge globalized world. Postulation proclamation: work market of the 21st century is another path for employees’ treatment, to their exhibition, which depends on their own advantages and concerns, which, whenever regarded by the organization, are completely coordinated with the primary objectives and estimations of the organization. The vision about the cutting edge work advertise changed and the vision about progress has changed also. With respect to the colossal chances of self-improvement, it is conceivable to situate oneself as he needs in a social circle and assume for instance a job of an ideal spouse, mother or maid and simultaneously stay a fruitful worker. Such alternatives are given by various organizations, for example, Google Plexes, for instance. Various open doors may prompt incorporation of socially assorted representatives and work for the sake of an ideal combination advancement. Present day improvements in financial aspects To start with, it is important to layout current advancements with regards to present day work rehearses. Managers are not any more keen on assembling business or information based occupations. These days every business picks the best person, whose abilities are perpetual and whose inventive reasoning may open a worldwide skyline for future turn of events. There is a need to put resources into competent and gifted workforce so as to succeed all inclusive. For current organizations achievement implies keeping finding the remainder of organizations universally. Representatives in the worldwide market are described by adaptability and their capacity to find the changing standards and procedures in the work advertise. Such highlights as activity, vitality drive, mental toughness, and enthusiastic dependability, innovative intuition, taking a stab at flawlessness, motivation and numerous different highlights are predominant. Hence, it is pertinent to concentrate on various inclinations in the work showcase globally so as to make a few decisions about the most ideal approaches to succeed. Performativity On the case of contextual investigation about Egyptian ladies, performativity alternative as the correct method to progress will be viewed as further on. Ladies in this nation have seen that right now they have various open doors for their self-advancement, acknowledgment of their vocation motivations and so forth. Work investment of Egyptian ladies is on stop, however in their scholarly presentation they have higher rates in examination with Egyptian men (Hassanien, 2010). Tragically, Egyptian ladies are frequently described as â€Å"women at leisure†, on the grounds that there is an excessively high barer for sexual orientation work interaction in Egypt. As far as sex performativity it ought t o be noticed that case with Egypt is intriguing and reverberation. They have inventive reasoning, innovative potential, great accreditations and degrees however they don't have their occupations or generously compensated employments. It implies that Egyptian work showcase requires restandartization as per worldwide work advertise needs. Besides, there is a choice to demonstrate that it is conceivable to arrive at accomplishment in this nation in the work advertise. Such a fruitful business visionary is Azza Fahmy. She is one of the main adornments planners in the Middle East. She has consolidated her inventive and imaginative reasoning and her expert aptitudes. In the outcome she turned into the CEO of Azza Fahmy Jewelry. Prior this

Resource Allocation Essay Example for Free

Asset Allocation Essay Venture the executives is the control of characterizing and accomplishing targets while streamlining the utilization of assets: time, cash, individuals, materials, vitality, space, and so on , through the span of an undertaking. The most significant assets that venture chiefs need to design and oversee on everyday premise are individuals, materials, gear and working capital. Clearly, on the off chance that these assets are accessible in wealth, at that point the task could be quickened to accomplish shorter venture span. Then again, [Avoid utilizing casual language, slang or language in formal composition (14)] in the event that these assets are seriously restricted, at that point the outcome more than likely will be a deferral in the undertaking fulfillment time. Contingent upon the sort of assets, the expenses of giving a bounty of such assets to quicken venture culmination time can be high. Be that as it may, if assets are promptly accessible and overabundance premiums are not caused to utilize them on the undertaking, at that point venture cost ought to be low, as some task costs are asset related while others are probably going to be time subordinate. In looking for proficient administrations for the structure and development of our carport with living quarters, the supervisory crew has been stood up to with a wide assortment of decisions. The administrations requested depend on previous history and amazing referrals. The Ransom family has chosen the accompanying people for the authoritative structure of the carport venture, all colleague capacities, duties, capabilities, and abilities are characterized, just as where every part fits into this structure. [Comma join and additionally run-on sentence. Modify as two sentences, or separate with a semicolon. (32)] The Ransom’s are certain that this gathering of people will frame a durable group to finish the task inside extension, spending plan and time. Payment Family James Sampson is a low-level administrator who will work as undertaking chief. As PM he has been given the authority by the top managerial staff to determine any asset designation gives that may emerge. James reports straightforwardly to the top managerial staff. His capabilities are more than 20 years of involvement with the regions of modern building, materials and activities the board. His scholastic accreditations incorporate a bachelor’s qualification in modern building and a MBA gaining practical experience in quantitative business examination and business measurements. James will fill in as contact for the city arranging commission. James has the accompanying aptitudes and capacities: standards and practices of contemporary task the executives, vital, theoretical and logical reasoning, versatility and adaptability including capacity to oversee weight, equivocalness and change, group initiative, relational, correspondence, and venture the executives abilities. Jody Bryant is a useful director responsible for Contract Administration and Documentation. She reports to James Sampson. Jody’s capabilities are 18 years involvement with the zone contract organization and related approaches, and techniques. Her scholastic certifications incorporate a bachelor’s qualification in business organization and a MBA gaining practical experience in innovation. She keeps up contract organization frameworks that guarantee that contractual workers act as per the terms, conditions, and determinations of their agreements as well as buy orders. Her duties include: documentation and record continuing, accepting, assessing and following up on designing and other change proposition, arranging cost and timetable effect identifying with change orders and other agreement adjustments. She likewise guarantees opportune accommodation of required reports. Rose Matos is useful supervisor accountable for structure and on location the executives. She reports to James Sampson and Jody Bryant. Rose has 15 years experience planning pillars, segments, dividers, floors, rooftops, and establishments of different structures. She will be liable for administering Big Time Builders, Keep-em Happy Architectural, Martin Grading, and other of temporary workers, for example, electrical, plumbing, mechanical, and modern designers. James Vann Haigler is practical chief over quality confirmation. Vann, as he wants to be called, has a broad foundation in quality affirmation the executives, which remembers a Bachelor of Science for Business Administration, represent considerable authority in Computer Science. He has more than 13 years of involvement with QA, 3D illustrations applications. Vann reports to James Sampson, and is answerable for the general administration of exercises identified with the examining, and arrival of crude materials and segments. This incorporates, yet isn't constrained to, composing of particulars and SOPs, control of craftsmanship, shop floor testing, goals of Sub-standard Material Reports, and support of merchant documents. He ensures a degree of value for the end customer, and is centered around making a quality deliverable. Assignment and Responsibility Matrix After the venture is sorted out, there is a need to characterize what jobs and obligations regarding every individual from Team B. Inside the venture the work won't be particularity be practiced by the colleagues yet from sub-contractual workers, anyway each errand must be done so as to finish the undertaking. [This sentence is confounding. Revamp for clarity] In request to safeguard that all undertakings are done in the fundamental request depicted inside the Statement of Work the directing of the errands are partitioned and relegated to different colleagues as indicated by the individuals job which is characterized by; duty, endorsement and backing. In view of this, the group has built up an assignment/obligation lattice to monitor these means.

New Student Photo Series 2012 Post #10 (Orientation Week) COLUMBIA UNIVERSITY - SIPA Admissions Blog

New Student Photo Series 2012 Post #10 (Orientation Week) COLUMBIA UNIVERSITY - SIPA Admissions Blog We had a rather quiet summer after saying goodbye to our 2012 graduates in May.   You know the summer   is over once the hallways begin to buzz with chatter in 44 different languages. The SIPA MIA/MPA Orientation week got underway on Monday.   We welcomed over 400 enthusiastic new students to New York from all over the world.   Students, faculty and administrators were introduced to one another over briefings, peer/faculty advising, lunches, program sessions, math camp, and various social activities throughout the week.   Today they register for fall classes and on September 4th, classes begin. But before we close the summer, below are a few photos from our new arrivals our final photo postings for 2012.     Enjoy! ___ The first set of photos were submitted by Aline Sara, MIA 2014.   The photos were taken in Cairo, Egypt, during the country’s historic  first presidential election since Mubarak’s toppling during the 2011 Egyptian revolution. It is also the second presidential election in Egypts history with more than a single candidate. ___ My colleague Fernande, along with some locals, on the way to the polling station. The sign above reads Mohamed Morsi, the Muslim Brotherhood candidate who won the election run-off against candidate Ahmad Shafiq, considered a remnant of the former regime. Kids hang out while waiting for the boat that takes them back to Cairo for a meager 25 Egyptian piasters . (USD 1= EGP 6) ___ The second set was sent to us by Dhwani Bafna, an incoming MIA student.   The photographs were taken during a class trip to Sikkim, a north-east Indian state in January 2010. ___ We were lucky enough to get a permission to spend a few hours with the Army personnel at the base. We were shown some of the arms and  ammunition. The army men also showed us their residential units and the conference room where the Indian and Chinese officials generally meet. A picture of the  Khecheopalri Lake in Pelling, Sikkim.   ___ The third (and final) photo submission comes from Jiayu Chen, MIA degree candidate. ___ On the Beach of Batukalas: not a well known island in Indonesia, but it was definitely heaven to me: beach, sunshine, surfing, bear, and friends! Tibet: A toast with an Tibetan old father.   The Night Train to the Mountains: We were heading for a under-developed mountain region for a voluntary teaching project. The night train was also full of people who bought a standing ticket and had to stand during the 3 days/2 nights trip back to their hometown: This is part of China that is often neglected by those who are amazed or terrified by Chinas rise.

Ethics Morality and People Essay example - 2841 Words

HU4640 August 2, 2013 Project Pt. 5: My Personal Code of Ethics This was a very interesting project because I have never really concerned myself with my ethical beliefs or position. I just did what I thought was best without really thinking about it in this manner. I am glad that I had this class. It was very enlightening. My beliefs and obligations to society is very simple, treat people the way you want to be treated. I am a firm believer of the Golden Rule. You will receive respect in the long run. I value the relationships that I have with others. I view this perspective as one in which I don’t really care what other people think of me personally, but I do try to establish myself as a fair individual. I never ever†¦show more content†¦A lot of times we did not get any recognition. So when I became a sergeant and I became a squad leader that is what I always did. I would let my fellow squad members know that there are no absolute where they will get recognition for doing their job but doing a job at the best they can do. I average job would not be recognized. Some of the weaker members thought this was punishment but I tried to explain to them that if you don’t push yourself. How can you ever know what you are able to do? They thought that by being the weaker links I was punishing them and they went to company commander about it. I explained my position to the company commander. He agreed with me, but it made me make adjustments to my program. I decided to give daily â€Å"AT A BOY†. I would write letters of excellence to those who demonstrated levels far and beyond the call of duty. I counseled them and put the letter in their personnel file. That was a way to morally reward those who excelled. I give to different types of charities, sponsor different people and groups in all different types of events. I would not say that my moral code addresses self-interest because I do my best to look out for others even when it’s at the expense of me. This does not mean I neglect myself. I just try to help people when I can. With that being said, I feel people have a certain level of self- help that they must demonstrate or I will beShow MoreRelatedPublic Sector Ethics Concerns the Moral Requirements of Public Servants in the Se rvices That They Are Paid for and Expected to Offer the People. It Concerns the Personal Morality of Officials and Adhering to Codes of4541 Words   |  19 Pagesethical codes of conduct or through the enforcement oflegislation. Communities tend to equate moral values and moral norms with values andnorms, which apply only to personal dealings. Public sector ethics concerns the moral requirements of public servants in that they are paid for and expected to offer the people. 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The categorical imperative was a revolutionary idea that contrary to the spirit of its time focused on how the morality of an action was not dependant on its consequences or the intentions of its undertaker, rather solely on theRead MoreEthics: Moral Absolutes Essay1180 Words   |  5 PagesEthics 3.1 1. Why are Christian ethics and theology inseparable? What did Francis Schaeffer mean when he said that not all things are the same to God? Christian ethics is inseparable from theology because it is grounded in the character of God. Francis Schaeffer said that not all things are the same to God and means that God exists and has a character, but not all things are the same to him. Some things conform to His character, and some are opposed to his character. 2. 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Financial Projections and Market Development - Free Essay Example

Sample details Pages: 6 Words: 1681 Downloads: 7 Date added: 2017/06/26 Category Economics Essay Type Research paper Did you like this example? CHAPTER 06 6.0 FINANCIAL PROJECTIONS The chapter is outline the financial summery, forecasted financial objectives of the bank by re-launching market development market penetration activities for MB. Consolidated budget allocations for 04 different SBUs have already been discussed in Chapter 05 this chapter makes financial projections for next 03 years. 6.1 Startup Capital Forecasted startup capital of new SBU plan to be financed through bank reserves there will not be any financial cost Involvement on same. Don’t waste time! Our writers will create an original "Financial Projections and Market Development" essay for you Create order Importance of the following schedule is very less Investment on fixed asset requirements. Table No 10 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Startup Capital Software Development IT Infrastructure 250,000 Office equipment Marketing Division 150,000 New office furniture to identified branches 100,000 Working Capital Requirement to conduct the campaign 1,500,000 Total Start up Capital requirement 2,000,000 Bank Funding through reserves 2,000,000 (Source : Authorà ¢Ã¢â€š ¬Ã¢â€ž ¢s work) 6.2. The Master Budget funding issues Author has been identified 04 main SBUs in this business development proposal budget allocations were made according to the business forecast prepared till 2018 (Refer page Nos. 52 to 54 for the master budget prepared for all SBUs). There had been 18 Million Investment already made on MB Infrastructure Implementation process this master budget cost allocations will be an additional cost factor for the bank If it does not compensate In return. Further, MB is cost saving tool where bank will be benefited Indirect ways by curtailing overall cost in the bank therefore bankà ¢Ã¢â€š ¬Ã¢â€ž ¢s finance department has been agreed to reimburse LKR 10/- per mobile banking transaction subject to maximum 12 MB transaction per annum per registration. Example à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2016 Expected new MB registrations= 30,000 Reimbursement Amount= (30,000*12)10/- 2016 cost savings Income= 3,600,000/- MB Income/ profits will be utilized to manage next 03 years market development activities. 6.3 Financial KPIs of NTB Being in a highly regulated Industry banks are supposed to provide Insight of all financial transactions are taking place within the bank. The objective of further making Investment on MB simply to curtail cost attribution by diverting core banking transactions to a digital platform. Author has been identified key financial Indicators to evaluate financial position. Return On Assets Assets Turn Over return on Capital employed Expense turn over ratio 6.4 Financial Statements 6.4.1 Profit Loss Account Amounts in Rs. 000 Profit Loss Account 2016 2017 2018 Notes Income from MB fees commission 4,500 12,555 13,950 Cost saving from diverting counter transactions to MB 3,600 10,044 11,160 Total Income(Subject to 7% Inflation adjustments) 8,100 22,599 25,110 1 Less (Budget allocations among SBUs) Marketing 2,450 2,621 2,804 HR 850 909 972 IT 1,150 1,230 1,316 Branches 850 909 972 (-)Total operational Expenses (Subject to 7% Inflation adjustments) 5,300 5,669 6,064 2 Profit Before Taxation 2,800 16,930 19,046 Taxation(VAT Income Tax) 1,120 6,772 7,618 Profit After Taxation 1,680 10,158 11,428 (Source : Authorà ¢Ã¢â€š ¬Ã¢â€ž ¢s work) Assumptions Income has been determined based on the following schedule (According to forecasted No. of new registrations in page No. 40 number of new MB activations in each year) Assumption made on minimum 12 transactions per annum from new MB registered customer to figure out the cost saving each MB transaction cost savings is calculated at LKR 10/-.Further, the Registration commission of LKR 150/- 10/- per transaction cost savings will remain as same for next 03 years. (Table No 11 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Annual Business Income calculation) Income 2016 2017 2018 No of new registration 30,000 90,000 100,000 30,000*150 90,000*150 100,000*150 Registration fee 4,500,000 13,500,000 15,000,000 (30,000*12)10 (90,000*12)10 (100,000*12)10 Cost saving 3,600,000 10,800,000 12,000,000 Total Income 8,100,000 24,300,000 27,000,000 Annual average Inflation rate will remain as 7% for next 03 years Inflation effect has been calculated in both Income statement the balance sheet prepared for next 03 years SBUs cost allocation wouldnt be changed for next 3 years except for the Inflation effect Bank will not go for borrowings to run this campaign Annual combined tax percentage remains as 40% for all 3 years. Notes of profit Loss Account Income has been determined based on forecasted MB activations stated in page No 40. Direct activation fee, cost savings of LKR 10/- per transaction Inflation effect on forecasted Income has been taken in to account. Master budget cost allocations have been mentioned with the Inflation effect. 6.4.2 Balance Sheet Assets Notes 2016 2017 2018 Cash cash equivalents 1,680 1,158 1,428 Other financial Assets 9,000 10,000 Total Assets 1,680 10,158 11,428 Liabilities Retained earnings 1,680 10,158 11,428 Total Liability 1,680 10,158 11,428 (Source : Authorà ¢Ã¢â€š ¬Ã¢â€ž ¢s work) 6.4.3 Cash Flow Statement Forecasted Cash Flow 2016 2017 2018 Total cash generation from MB commission 4,500,000 12,555,000 13,950,000 Total Expenditures 5,300,000 5,669,000 6,064,000 Net Cash Flow (800,000) 6,886,000 7,886,000 (Source : Authorà ¢Ã¢â€š ¬Ã¢â€ž ¢s work) Only considered Income factor for the cash flow statement is MB registration commission, therefore first year there will be a cash flow issue which needs to be financed through Internal sources(Bank reserves). However 02 year onward there is a positive outlook In term of the cash flow according to the financial Interpretations. 6.5 Breakeven Calculation (Table No 12- Breakeven Calculation) Amounts in LKR Registration fee of MB 150 Average variable cost Involvement on each registration 88 Net contribution per unit 62 Per unit Margin 41% (62/150)*100 Total Fixed cost (As per startup capital) 2,000,000 Breakeven point 32,258 (2,000,000/62) (Source : Authorà ¢Ã¢â€š ¬Ã¢â€ž ¢s work) According to the above table if a branch gets minimum 01 new MB registrations per day total No. of registration in the bank (1* 90 Branches =90) then It will take 358 days (Approx .01 year) to reach the breakeven stage. (32,258 MB new registration/180) 6.6. Financial Ratio Analysis According to the above financial projections key financial trends can be determined in the business. 02nd year onwards there is steady 14.5% growth can be expected In terms of the cash flow. After the launch of aggressive marketing campaign 2016 to 2017 (1st to 2nd year) drastic growth of 180% to be expected In term of the total revenue simultaneously the profit attribution will have significant Improvement with the sharp Increase of MB registrations Since the variable cost will not see a major change 02nd year onward sustainable growth momentum will continue both in revenue profit margins. 6.7 IMPLEMWNTATION CHANGE MANAGEMENT STRATERGY In conclusion, entire analysis of the research data it is a proven fact that the low usage of MB is due to following external internal considerations. External factors Traditional banking practices in the Industry have created some resistance on technological banking Innovations Lack of knowledge confidence over digital banking technology Customer resistance due to security concerns trustworthiness Internal Factors Less priority given by the bank to promote digital solutions especially MB Knowledge gap within the bank on MB solution Less focus poor marketing activities to develop the market The above scenarios have been critically assessed in this proposal recommendations made to Increase the usage of identified product. This proposal will further elaborate the Implementation change management process to develop the market share of NTB MB. All 90 branches will be divided into 6 zones according to the geographical location (District level) business environment. Zone 01 to 03- Colombo Branches Zone 04- Down south Branches Zone 05- Central province branches Zone 06- North East branches The zone managers, Ideally the required candidates from senior management team will be heading each zone act as the In charge of the entire business operation of their respective zones. Zonal managers will directly monitor the growth of MB usage held responsible for the business growth. The proposed market development campaign to be commenced in Jan 2016 across the bank all SBUs will make a combine effort to Increase the MB market capitalization to the expected l evel. KPIs to be prepared for all SBUs especially branch teams will be identified based on their skills to develop the business; required cross selling target should be given to every staff member irrespective of their job function within the branch. Sales Force Effectiveness Campaign on MB (SFE- MB) Standardizing the sales approach across the bank to bring the sales business promotional culture among all branches. The performance dashboard is being set up to monitor daily, weekly monthly business progress of a particular branch, the dash board has a permanent place for each every staff member to record their Individual sales contribution towards the campaign. (Table No 13 : SFE Dashboard) Staff Member No of lead generated for MB No of MB Registrations No of MB Activations Cross selling opportunities on other products (Source- Authorà ¢Ã¢â€š ¬Ã¢â€ž ¢s work) The above format will be drawn on a white board which can be daily updated in fornt of the branch manager during regular morning hurdle. Branch manager needs effectively check the progress of new registrations activations while coaching the branch staff to develop their cross selling abilities. In SFE process branch operational staff (Teller, credit officers, pawning staff) will also be participating Indirectly for the campaign which they considered as à ¢Ã¢â€š ¬Ã…“Lead Generatorsà ¢Ã¢â€š ¬Ã‚  They are suppose to collect minimum of 03 MB leads per day handover them to branch sales unit à ¢Ã¢â€š ¬Ã…“Lead convertorsà ¢Ã¢â€š ¬Ã‚  (customer relationship staff) In case if they are unable to get customerà ¢Ã¢â€š ¬Ã¢â€ž ¢s consent then there to do the registration or activation during first Interaction with the customer. Rewards points distribution among LG LC (Table No 14: Reward points structure) Lead Generation Business Conversions Total reward points Lead generator 25 Points 25 Points 50 Points Lead convertor N/A 25 Points 25 Points (1 RP= LKR 1/) (Source à ¢Ã¢â€š ¬Ã¢â‚¬Å" Authorà ¢Ã¢â€š ¬Ã¢â€ž ¢s work) Apart from the periodical marketing promotions which has been already discussed in this report standard staff rewards scheme would bring the entire team support within the branch on new business acquisitions. In order to develop the sales culture in our branch network especially among operational staff proper internal communication needs to be developed within the organization. While motivating staff through an Incentive scheme the management staff should clearly explain the long term advantage of promoting MB to the staff as well as ultimate benefits for the employees from this Initiatives. Reduce the unnecessary work load to create good work life balance Cost reductions would bring more profitability to the organization which will be beneficial on employees annual benefit review. Enhanced sales skills will crate better career progression to employees Enhanced goodwill market perception of the bank will create mutual benefits to both employees as well as the organization. (i.e. Better recognition, demand comes from competitor banks) 6.7.1 Timescale of the Implementation (Chart No 03 chart on Implementation) Business Development activities 1 2 3 4 5 6 7 8 9 10 11 12 Resource deployment to all SBUs Setting up IT technical support Educating branch sales staff about the campaign Commence Mass Media public awareness campaign Introducing SFE system the performance dash board Official launch of the SFE system MB promotional campaign Drive the campaign First half performance review Review staff customer feedback on MB Monitor review Year end financial progress review Plan ahead on 2nd phase 7.0 Referencing 8.0 Appendices

Apple and Lenovo’s Technology Stratagy Free Essays

string(237) " But basically suppliers have relatively weak bargaining power with Lenovo and Apple, because Apple and Lenovo odder huge numbers of electronical products from the suppliers, they stand in a relative strong side in the bargaining table\." The Technology Strategy Comparison of Lenovo and Apple MG 8673 Technology strategy Professor: Oded Nov Xiaofei Li Table of Contents Company Profile 3 Company Vision and Misson 4 SWOT Analysis5 Porter’s Five Forces6 Product market matrix 7 Growth Share Matrix8 Technology operation of Lenovo and Apple9 First Mover/Dominant design 9 Government regulation10 Lock-in and Switching Cost10 Strategy operation of Lenovo and Apple11 Conclusion12 Company Profile Lenovo is a Chinese multinational computer hardware and electronics company. The company was formed in China and incorporated in HK and would grow to be the largest PC company in China. And in 2005 Lenovo acquired the former Personal Computer Division of IBM. We will write a custom essay sample on Apple and Lenovo’s Technology Stratagy or any similar topic only for you Order Now Its products include personal computers, tablet computers, mobile phones, workstations, servers, electronic storage devices, IT management software and smart televisions. Today, Lenovo is a US$21 billion personal technology company and the world’s second-largest PC vendor1, it has more than 26,000 employees in more than 60 countries serving customers in more than 160 countries2. Apple is an American multinational corporation, incorporated on 1977. It engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. Apple sells a range of iPhone, iPad, Mac and iPod compatible products, including a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It also sells and delivers digital content and applications through the iTunes Store, App Store, iBookstore, and Mac App Store. Also Apple is the world’s third-largest mobile phone maker after Samsung and Nokia3. As of November 2012, Apple has 394 retail stores in fourteen countries4. It is the largest publicly traded corporation in the world by market capitalization, with an estimated value of US$626 billion as of September 2012. It currently has 72,800 permanent full-time employees and 3,300 temporary full-time employees worldwide5. Lenovo Company’s vision and mission 1. Lenovo has a long-term goal of becoming the leading personal technology company in the world. It aspires to achieve this goal by leading in three key areas: Personal Computers: Lead in PCs and be respected for its product innovation and quality. Convergence: Lead the industry with an ecosystem of devices, services, applications and content for people to seamlessly connect to people and Web content. Culture: Become recognized as one of the best, most trusted and most well-respected companies to work for and do business with. 2 2. Lenovo is building a way of viewing the world and doing business—it introduces the newest products in China and then spread across the globe. Also Case Study will describe why Apple Inc. is a very successful company. Lenovo believes that the new way of expansion from East to West is the way of future 3. Lenovo’s business is built on product innovation, a highly efficient global supply chain and strong strategic execution. The company develops, manufactures and markets reliable, high quality, secure and easy-to-use technology products and services for customers who want technology that does more. Apple Company’s vision and mission 1. Apple believes that they are on the face of the earth to make great products and that’s not changing. They are constantly focusing on innovating. They believe that we need to own and control the primary technologies behind the products that we make, and participate only in markets where they can make a significant contribution. 6 2. Apple is committed to protecting the environment, health and safety of their employees, customers and the global communities where they operate. They recognize that by integrating sound environmental, health and safety management practices into all aspects of their business, they can offer technologically innovative products and services while conserving and enhancing recourses for future generations. Apple strives for continuous improvement in the environmental, health and safety management systems and in the environmental quality of their products, processes and services. 7 Lenovo Company SWOT Analysis Strengths | Weaknesses| * Mass and strong relationship with domestic mainland Chinese customer * Mass Manufacturing and low production cost. * Excellent marketing and distribution strategy. * Merge with IMB Personal Computer | * Mundane Outlook * Relative weak Global Brand Perception * Relative weak Online Sales * Not qualifies After-sales Services * Limited knowledge of global market| Opportunities | Threats| Chinese Government Association * Fast growing Personal Computer market * The neighbor hood Indian is becoming the fastest growing PC market in the world * Signing of memorandum of understanding with USA * Specialty shops providing one stop platform for distribution| * Appreciation of RMB will increase product price outside of Chinese market * Competition threats from local a nd international competitor * Price war * International competitors forming alliance with local competitors. * Industry Reaching Maturity| Apple Company SWOT Analysis Strengths | Weaknesses| Large segment of loyal customer called â€Å" Apple fans† * Strong brand image. * Retail Stores provide the experience and eye –catching Apple product * Huge RD Innovation | * Patent infringement. * Product recalls. * Failure of Mac Mini and Apple TV * The fast speed of changing product generation | Opportunities | Threats| * Strong growth in smartphone and personal computer industry. * Cooperation with other big company like Google coupled to create new innovation * Apple product lock in customer behavior| * Rising popularity of  Google Android. Market competition in PC and smartphone industry. * Dependence on specific suppliers. * The leadership after Steve Jobs| Porter’s five forces for the companies industry New entrants, bargaining power of supplier, bargaining power of buyers, Substitute, Rivalry 1. Smartphone market share is basically covered by big cellphone manufacture company e. g. Apple, Lenovo, Samsung, HTC, Nokia, Blackberry. They have huge R;D innovation, large based and loyalty customer, excellent marketing and advertising strategy. The new entrants are limited in this market, and they are rarely to survive. . This case is the same in Tablet and PC industry. This entrants are also hard to get into this market, because the market share are occupied by those big company such as Apple, Lenovo, Netflix, Samsung, IBM, Dell, HP, Sony. 3. Lenovo and Apple make the product outsource to the supplier such Foxconn. But basically suppliers have relatively weak bargaining power with Lenovo and Apple, because Apple and Lenovo odder huge numbers of electronical products from the suppliers, they stand in a relative strong side in the bargaining table. You read "Apple and Lenovo’s Technology Stratagy" in category "Essay examples" 4. Even though the competition in the smartphone, Tablet and PC industry is toughly intense, those markets are fundamentally regulated. When a product is put onto market, the price is fixed. But customers have some bargaining power eg the old generation always cut down price for customer when new generation go in. to market. 5. Smartphone, Tablet and PC products all have substitute. 6. Lenovo and Apple face strong competition and they have so many rivals in each of their product line eg Microsoft, Sony, HTC, Samsung. Product market matrix Product| Present| New| Market| Present| Market Penetration| Product development| | New| MarketDevelopment| Diversification| In product market matrix, Lenovo and Apple product are both in a present market and their product are basically present, so the majority of their product are in the market penetration place. Meanwhile, for some product like when Steve Jobs launch the iPad in 2010, it was a breakthrough in the tablet PC industry. So in some cases some Lenovo and Apple products in some specific time are in the product development place. Growth share matrix Star| Question Mark| Cash Cow| Dog| High Share Low Share High Growth Low Growth Because there is obvious potential growing trend in the smartphone, PC, notebook and tablet industries, meanwhile Lenovo and Apple both have high market share, so in the growth share matrix, they are both STAR companies. Technology Operation Products Comparison| Apple Product| Lenovo Product| PhoneIphone VSLephone| | | NotebookMacbook Pro VSThinkpad| | | Tablet Ipad VSIdeaTab| | | DesktopMacVSIdeaCenter| | | TVApple TVVSLeTV| | | NotebookMacbook Air VSIdeaPad| | | First Mover/Dominant Design For apple product, the first market dominant design is the iPod. Since October 2004, the iPod line has dominated digital music player sales in the United States, with over 90% of the market for hard drive-based players and over 70% of the market for all types of players. 8 The second Apple dominant design product is Ipad. When Steve Jobs released the Ipad on April3, 2010, Apple sold more than 15 million first-generation Ipad prior to the launch of the IPad 2—selling more than all other tablet PCs combined since the IPad’s release, and reaching 75% of tablet PC sales at the end of 2010. 9 Meanwhile Lenovo is the dominant design in the computers supplier area in Mainland China, with a 28. % share of the Chinese market. It reported annual sales of $14. 9 billion for the fiscal year ending 2008/2009. 10 In October 2012, Lenovo ousts HP became the world’s top supplier of personal computers. In the third quarter of 2013, Lenovo shipped 13. 77million units, giving it a 15. 7% share of the global market, compared with HP, which enjoye d a 15. 5% share with 13. 55 million units. 11 * Government regulation As far as now, there is no government regulation for Lenovo and Apple because the government thinks this market is relative fair of compete and regulate. Lock In and Switching Cost In lock in customer strategy, Apple is the master, It makes customer realize that once use the apple product, it is extremely hard to find the exit. Apple creates iTunes, App Store, iCloud and OS system to make this strategy into fully used. Simply speaking, you purchase music, movie in iTunes, purchase apps in App Store and restore/backup photos, music, documents, applications in iCloud. When apple launch a new generation iphone, the customer can simply use the iCloud and iTunes to restore everything from their last generation iphone. And when customer creates a reminder in the mac, it will automatically show on their Iphone and Ipad. Since the iCloud only works on Apple product, so this strategy will lock in customer on apple product, and deepen the switching cost if someone wants to change to another company product. Since apple’s information technology products work in system, so switching any single product is costly. Also Lenovo is currently trying to lock in its customer launch the same storage technology called Lenovo Cloud, the user can back up and sync data from multiple Lenovo devices including LePhone, LePad, and LeTV using a 200 GB online storage. This strategy is to tie the Lenovo tablets and devices together and make the customers feel that switching away would cause too much hassle. Strategy Operation Lenovo For Lenovo their operation strategy is consolidate its market in China and expand its market out of China. Lenovo has its headquarter both in Beijing and in United States. They are the leader in China with more than 30 percent market share in PCs, and their product sales in China account for 46 percent of global sales. So with builds on its dominant position in China to grow globally, it plans to have rapid growth in emerging markets and a unique global footprint. In 2012, Lenovo partially moved production of its ThinkPad line of computers to Japan. 12 In October 2012, Lenovo announced that it would start manufacturing computers in Whitsett, North Carolina. 13 In the marketing strategy, based on different levels of consumers, Lenovo developed different prices, by creating differentiated products to meet different consumer groups. And this strategy is Middle and High End Market Positioning. Take Lenovo’s personal computer as example, the market survey shows that its refrigerators mainly focus on middle and high end, Lenovo owns 70% market share in high end products, while the middle end count for 40—50% market share, the market share of low end product is lower than 10%. 14 As for the supermarket channel, Lenovo has designed relatively low prices of mid-level products, while high-end products on the electrical chain and retail sales channels. For the rural market, Lenovo designs and develops products that have relatively simple functions, relatively low prices to meet the need of the students market. Apple For Apple, people would doubt their operation strategy after the past of their hero leader Steve Jobs, who is the pioneer of Apple. But the new leader Cook operates the company quite well. In cook’s first 16 months on the job, Apple has released next-generation iPhones and iPads and seen its stock price rise 43 percent. 15 As is the same with Lenovo, Apple also put a lot of concentration in the Chinese market. With a population of 1. 3 billion, China is the world’s largest mobile market and already Apple’s second biggest market overall. Apple currently sells its iPhone exclusively through China Unicom with 196 million subscribers. The Apple current CEO Tim Cook visited Mainland China and its supplier Foxcoon In March 2012. And this is the first Apple CEO to visit China, as Apple is ramping up its investment in the world’s most populous market. Also for Apple, their operation strategy is to make the greatest, most innovation and most simple product in the world, but Apple not only focus on the technology innovation, they focus on the global environment and human right. Apple reports environmental impact comprehensively. They care about the total carbon footprint in the manufacturing and transportation process, also in product use, recycling and facilities. Meanwhile Apple is committed to the highest standards of social responsibility across the worldwide supply chain. They provide safe working conditions, treat workers with dignity and respect, and use environmentally responsible manufacturing processes to the supplier such as Foxconn in China. 2 Conclusion To sum up, Lenovo and Apple operate in the same environment. They both focus on the smartphone, desktop, notebook, tablet and future TV industry. Since their backgrounds are different, they operation strategies are different. Lenovo is based on Chinese market and then spread its product around the world. The product has low prices of mid-level products, while high-end products on the electrical chain and retail sales channels. Meanwhile Lenovo plans to further explore its market in Japan and US. In the contrast, Apple has a huge US and global market, their price always lead the market. Right now it plans to further explore its business in China, for it is the world’s most popular market. It is sure that Lenovo and Apple will have fierce competition in the future market. Reference 1http://www. marketwatch. com/story/lenovo-passes-dell-to-become-worlds-no-2-pc-maker-2011-10-13 2 http://www. lenovo. com/lenovo/us/en/our_company. html 3http://appleinsider. com/articles/08/10/21/apple_iphone_3g_sales_surpass_rims_blackberry. html 4 http://www. apple. com/retail/storelist/ 5http://www. sec. gov/Archives/edgar/data/320193/000119312512444068/d411355d10k. htm 6http://alvinalexander. com/blog/post/mac-os-x/apple-business-philosophy-mission-statement 7http://www. apple. com/environment/ http://www. apple. com/pr/library/2009/01/21Apple-Reports-First-Quarter-Results. html 9http://www. economist. com/blogs/dailychart/2011/03/tablet_computers 10http://www. reuters. com/article/2012/02/09/markets-hongkong-stocks-preopen-idUSL4E8D87B720120209 11http://www. bbc. co. uk/news/business-19906119 12http://www. gizmochina. com/2012/08/29/lenovo-moves-thinkpad-production-to-japan/ 13 http:/ /news. lenovo. com/article_display. cfm? article_id=1635 14 http://www. jgbm. org/page/19%20Wang%20Wen%20Cheng%20. pdf 15http://www. workingwider. com/strategic_innovation/apple-business-strategy-2012/ How to cite Apple and Lenovo’s Technology Stratagy, Essay examples

Creativity and Innovation Entrepreneurial Competitiveness

Question: Discuss about theCreativity and Innovationfor Entrepreneurial Competitiveness. Answer: Importance of Innovation Strategies to Entrepreneurial Competitiveness According to World Bank, innovation and entrepreneurship are acknowledged as significant element for competitive and vibrant economies. Nations and states with dynamic novelty and entrepreneurship environment have the tendency to see higher efficiency rates, leading to enhanced economic development and steady job creation, the main path through which poverty can be eliminated. World Bank considers innovation and entrepreneurship to be two pillars which will drive the vehicle of economic growth further by addressing the issues of major growth challenges, such as sustainability and shared success ("Innovation-Entrepreneurship" 2016). Growth and progress cannot sustain without consistent innovation with respect to a product or a service. Consistent emphasis on innovation gives an organization a competitive advantage over the rivals. Innovation strategy is set of action plans determined an organization to promote technological advancements or services development, typically by investing into research and development related activities. An innovation strategy is commitment to an array of logical and mutually strengthening policies or actions intended to attain a pre-determined competitive objective. An effective innovation strategy encourages alignment between distinct groups in an organization, clarify priorities and objectives, and help focus attempts around them ("You-Need-An-Innovation-Strategy" 2016).Without a proper innovation strategy, various divisions within the organization can simply liquidate following contradictory priorities even though there is a well defined business strategy (Drucker 2014). Innovation Process Analysis of Air Asia When Air Asia started its operation, it did not aim at usual customers of other airlines and did not contest with the well established local player Malaysian Airlines, rather it aimed the multiethnic population of Malaysia which included Indian, Thai, Chinese, and Indonesian who never travelled or could not pay the airline fare. The traditional airlines never focused on these set of customers which Air Asia saw it as an untapped market and an opportunity. The company mainly targeted the first time flyers, students, laborers, and price sensitive customers (Roy 2014). Air Asia aimed at creation of value innovation plan for the customers by emphasizing on the factors which holds immense value in the eyes of the customers such as easy booking method, no frill, and point-to-point travel system, flying to unclaimed territories. This helped the airlines to reduce its operational cost and increase the value proposition for the customers (Adapa and Roy 2017). Air Asia operated with no frill service with single class where passengers were not allocated any specific seat, no meals were served, and no loyalty points were offered. The jets were designed with an objective to reduce deterioration, cleaning time as well as cost. The decreased cleaning time and maintenance costs, unloading and loading time and expenses, and allowed them to have faster turnaround between the flights which helped the airlines in improving their process effectiveness and having lower operational cost. Compared to other airlines, Air Asia used its manpower and aircrafts more efficiently. Such efficiency helped the airlines in reducing its fixed and overhead expenses (Stockport 2012). Classification of Innovation Impacts of Being Proactive in the Innovation Process by Air Asia Lowest Cost Model: By focusing on offering air travel with no frills at considerably lesser fees, Air Asia managed to attain lower prices to achieve high travelers load, market share and increased revenue by eliminating the arrangements of expensive in-flight facilities, flying a traditional fleet, and reducing labor, overheads, and facilities costs. Its thriving negotiation for low cost lease rates for its aircrafts, lower long standing maintenance agreements cost and minimal airport charges facilitated Air Asia to become the lowest cost air carrier (Jerry 2013). Minimal Distribution Cost: Air Asia was the first airlines in the Southeast Asian region to develop the process of e-ticketing and eliminated the hassle of booking tickets through travel agents. By doing this the airline was able to reduce its cost on issuing a physical ticket and eliminated the need of huge and costly booking systems and booking agents charges (Jeddi et al. 2014). Strong Marketing and Branding Strategies: Due to fast expansion, Air Asia was able to capture potential market in developing countries like India, Thailand and Indonesia. Due to its low cost, the airline frequently came under the media coverage as the lowest cost and the fastest growing airline which help them to penetrate some prospective markets due to the maximized media coverage. Further, Air Asia key sponsorship deal with the Manchester United helped them to market the brand in the global market. Moreover, its slogan Now Everyone Can Fly helped the company in gaining high revenue in few month since its operations (Ratanakomut and Kitcharoen 2013). In the era of globalization, it is very essential for an organization to develop innovation strategies in its innovation activities. The growth in the technology and market has facilitated the acquirement of technology and remodeled the innovation strategies of an organization which are categorized as impersonator or producer of innovation. Innovation activities of an organization involve research and development, acquirement of technologies, and subsequent activities (Chesbrough et al. 2014). To put innovation strategies in practice with the innovation activities, the organization involved in producing innovation needs the capability to scrutinize the outer environment for technology as well as the capability to combine new technology. Innovation strategy sets a path for the innovation activities by giving an insight into the future. Strategic innovation provides a wider framework for the innovation activities to stay in tune with the pre-determined objectives of the organization. Innovation strategy is an ongoing process that begins with incubation of an idea and goes through strategic alignment which serves as a support for the subsequent processes of the organization (Johnston and Bate 2013). Every organization should develop innovation strategies in its innovation activities due to the growing international competition. The globalization of businesses has led to increased opportunities as well as challenges. To compete with such emerging challenges an organization needs to increase its degree of innovation and take action more efficiently to societal needs and preferences. The focus should be on aggressive research and development to achieve sustainable and overall growth (Kindstrm Kowalkowski and Sandberg 2013). References "Innovation-Entrepreneurship". 2016.Worldbank.Org. https://www.worldbank.org/en/topic/competitiveness/brief/innovation-entrepreneurship. "You-Need-An-Innovation-Strategy". 2016.Hbr.Org. https://hbr.org/2015/06/you-need-an-innovation-strategy. Adapa, S. and Roy, S.K., 2017. Case Study 6: Malaysian Airlines Versus AirAsia: Customer Satisfaction, Service Quality and Service Branding. InServices Marketing Cases in Emerging Markets(pp. 67-75). Springer International Publishing. Chesbrough, H., Vanhaverbeke, W. and West, J. eds., 2014.New frontiers in open innovation. OUP Oxford. Drucker, Peter 2014.Innovation and entrepreneurship. Routledge, Jeddi, A.R., Renani, N.G., Khademi, A., Shokri, V. and Noordin, M.Y., 2014. Low-Cost Strategy Factors in Airline Industry: The AirAsia Case. InAdvanced Materials Research(Vol. 845, pp. 652-657). Trans Tech Publications. Jerry, L.J., 2013.Usability Evaluation of Low-cost Airline WebsiteOnline Airline Booking System: A Comparative Study on Spring Airlines and AirAsia(Doctoral dissertation, University of Macau). Johnston, R.E. and Bate, J.D., 2013.The power of strategy innovation: a new way of linking creativity and strategic planning to discover great business opportunities. AMACOM Div American Mgmt Assn. Kindstrm, D., Kowalkowski, C. and Sandberg, E., 2013. Enabling service innovation: A dynamic capabilities approach.Journal of business research,66(8), pp.1063-1073. Ratanakomut, S. and Kitcharoen, N., 2013. A Study of Factors That Affecting Service Quality Of Passenger Service Department in Airlines (AIRASIA, Thailand).Innovative Journal of Business and Management,2(1). Roy, A.M., 2014. Air Asia: what has made it Asia's largest budget airline?.Academy of Taiwan business management review,10(3), pp.28-32. Stockport, G.J., 2012. AirAsiaflying high.International Journal of Globalisation and Small Business,4(3-4), pp.324-333.