Halewood Essay Example | Topics and Well Written Essays - 3500 words

Halewood - Essay Example Halewood must be cognizant of the fact that it is very difficult to introduce a new product in the market and this is even worsen if there are alternative product that has been in the market for a long time that will be posing a challenge. It thus needs several strategy measures to ensure that the expectedniche is occupied in the market, among other things that will affect their marketing strategy in this case includes; Competition from Alternative Products In designing their marketing and service delivery strategy, the company should look at the issue of alternative products in terms of prices, availability, and the customer’s loyalty associated with them. This is very important in coming up with a marketing strategy that will counter strong sense of establishment in the market from other products. Prices of the alternative products will play a significant role in affecting Halewood marketing strategy because for them to make a break through, they have to retail at a cost low er than those of the established product. The cost of the alternative products will thus be very critical for Halewood to make informed choice on how best they should sell their products in the market in order to have a competitive edge. The availability of the product is equally important for Halewood to evaluate the strategy that should be used to make the product have sufficient inroads in most of the prospective market zones. In most cases, one will find that products availability are skewed to one zone than others, with this realization, Halewood are able to have different strategies in the different areas based on the intensity of other products in the different areas. In an area with more competitive products, there will be intense marketing than those areas that do not experience business rivalry on the same product. Product’s Strength in the Market Halewood will have to consider their product’s strength that the competitive products are not giving, Like in the case of the new product being introduced, the company came up with this taste to provide a solution for those who want an alternative product to consume other than Alcohol or caffeine. This is the strength of the product the company has come up with that probably most business competitors are not providing; most of the probable competitors provide purely alcohol or soft drinks. In this case, Halewood will be providing an intermediary product that will cater for the needs of those who do not want alcohol and caffeine in the afternoon. In their marketing, this should be boldly captured so that the prospective customers can know the unique taste that is provided by the new product (Lawley, 2007, p.83). The fact that the new product is designed in a way to bring in a new taste in the market should be categorically captured in the marketing strategy so that the customers will develop the urge to have its taste and make choice out of it. Understanding Competition Introduction of every ne w product in the market meets an existing competition, to effectively compete with those companies that are already established or introduce customers to new products, a lot has to be done in relation to understanding strategies used by other companies. This will involves researching on the marketing strategies of the competitive companies so that a good understanding of their strengths and weaknesses are known. This will help Halewood to devise a marketing strategy that will counter those that are played by the competitors, it is important to understand the strengths and weaknesses of the competitors in deciding which option to consider (Lawley, 2007, p.88). Having known the weakness and the strengths of the competitor

Differences Between Institutionalism and Rational Choice Theory Essay

Differences Between Institutionalism and Rational Choice Theory - Essay Example The American political scientists James March and Mancur Olsen initiated 'The New institutionalism' in 1984 in reaction to behaviorism and the mounting power of rational choice theory which emphasizes on the manner in which institutions represent principles and relationships of authority (Hall and Taylor 1996; Lowndes 1996; Lowndes, 2001). New Institutionalism defines institutions themselves as an essential variable in political outcomes (March and Olsen 1984) and focuses on the comparative independence of political institutions. Institutions do not symbolize society or individual strategies, unlike the rational choice theory. Institutionalism merely offers sense to communications and supplies the background, within which these communications take place. The rational choice theory asserts that institutions are simply bestowed with powers by individuals themselves. The rational choice theory is essential in comprehending by first understanding the personal interactions. The rational choice theory involves a reasonable preference which is not the case in institutionalism. Normative or sociological institutionalism implies the codes of suitable conduct that permeate the individuals in the organizations. Community officials operate on the basis of their opinion of what they envision is the correct code of behavior and they tend to oppose alterations which are deviated from their traditional views of 'appropriate behavior' particularly when this is associated to the implementation of a precise location or organization.Individuals or actors within the organizations are tied by universal morals, which explicates not only their tendency to aggravate amends but also the capability for institutions to replicate themselves. Normative institutionalism consequently structures the institutions with regard to the belief systems of individuals or actors who are deemed as associates of an occupation, organization, position, instead of efficacy augmenting individuals.Its fundamental supposition is that individuals within organizations are conventional, apprehensive of transformations and unyielding in the protection of their wellbeing. In the Institutional approach, the tradition is recognized as the chief self-governing variable (Rose, Collier 1991). Rose (1991) debates powerfully that policy selections are restricted by historical choices. Present administration can not, therefore, disregard precedent assurances. In a parallel debate, Weaver states the 'automatic government' and fears the ability of governments to execute amends.According to the concept of path dependency in historical institutionalism, preliminary judgments are decisive since they bind in potential verdicts.Rational Choice theory endeavors to bind the methodological individualism and institutional design (Ostrom) by emphasizing on procedural individuality, rather than communal.

Compare the function of IGOS and INGOS Essay Example | Topics and Well Written Essays - 3750 words

Compare the function of IGOS and INGOS - Essay Example However, in the modern culture, these organizations are playing an important role in the world politics by influencing the global security and peace through their global collaborative function and working for the social and economical development of the member states. These organizations perform their functions according to the rules and regulations of intergovernmentalism, which means that a complete harmony is required. Whereas, Non-Government Organizations (NGO) are developed by some private personnel for the welfare of the society, which can also be international in their scope. These organizations do not posses any sort of government accreditation and established merely on the basis of mutual agreements among different personnel to raise funds through donations and grants from different philanthropists and international humanitarian organizations. However, they are recognized by the UN and many other international organizations as important political and welfare institutions. Th ese organizations are termed as international organizations due to the scope of their functionality, whereas in the real sense these organizations are not purely international organizations because they are not developed to coordinate the functions and efforts of the members for their mutual gains. The following table shows a compression between the objectives and functions of these two organizations. We will also evaluate that which organization better serves the humanity and promote the human rights in the world.

Govenance,Reporting and Ethics Essay Example | Topics and Well Written Essays - 1500 words

Govenance,Reporting and Ethics - Essay Example However, a company should not pay more than required for this case but the remunerations should commensurate with individual performance (Bebchuk & Roe, 1999). The committee for remuneration should also judge where to place their Company in relation to other companies. However, these comparisons should be made wisely such that remuneration levels correspond with performance improvement. According to the Combined Code address on accountability and auditing, the company's board should be able to show a balanced as well as an assessment that can be understood in order to determine the position and prospects of the company. This can simply be termed as financial reporting. The code provides that the directors in an annual report should explain their responsibility of Code Provisions The directors should explain in the annual report their responsibilities for account preparation and there should also be auditor's statements concerning their reporting responsibilities. The main roles and responsibilities of the committee for auditing include: It also recommends that, all directors including the non-executive directors should be re-elected at regular intervals by the shareholders. This contributes to continued improved and satisfactory performance. Th The code requires that a company should produce disclosure statements and also report on how they apply the principle of management and governance (La Porta et al. 2000). Companies should be free to explain the governance policies that they as well as any circumstances that have led them to employing a particular approach. The company has also to confirm that it adheres to the provisions of the Combined Code and if it does not, then it is liable to giving an explanation as to why it cannot comply. This is referred to as "comply or explain" approach and has been in existence for long whereby it is widely accepted by the investors as well as company boards. The people who are concerned with governance evaluation should do this with an aim of promoting partnership as well as trust in the company. They should consider company's nature of risks as well as the challenges that it faces. They should also consider the size as well as the complexity of the company. ISSUE 1. Non-executive directors and Independence. Non-executive directors play a very key role and are believed to be very effective in the building of good corporate governance structures. The chairman has the capability of holding meetings with non-executive directors even in the absence of executives. The non-executive directors also meet annually under the leadership of the senior independent director but in the absence of the chairman to give an appraisal on the performance of the chairman.The non-executive directors are usually provided with professional advice at the expense of the company whereby they consider it important to discharge

Personal Knowledge Management Journey Assignment

Personal Knowledge Management Journey - Assignment Example through experience or association (2) acquaintance with or understanding of a science, art, or technique (3) the fact or condition of being aware of something or, (4) the range of ones information or understanding the fact or condition of having information or of being learned†. Scholar Barry Allen (1999) clarifies, having knowledge â€Å"is to have the privilege of making a statement pass among others as known or true†¦speech acts are dialogical, intersubjective exchanges with reciprocal effects on many speakers. Knowledge has its object (what is known) and its â€Å"other,† the person whom it is offered and received as knowledge, passing over the other as â€Å"truth† (Allen, 1999, p. 71). So it seems that knowledge generation goes through a process. A person engages in certain habits of thinking when faced with a certain problem. Costa & Kallick (2007) define a problem as any stimulus, question, task, phenomenon or discrepancy for which an explanation is not known immediately. That means, a certain amount of knowledge should be on hand to help him out or else, such knowledge must be available to him soon so as to be able to solve his problem. Costa and Kallick term certain behaviors or dispositions for such problem-solving as â€Å"habits of mind†. They qualify that a habit of mind is having the appropriate disposition toward behaving intelligently when confronted with problems which do not have answers as of yet, at least for the person concerned. When a person draws on his own habits of mind, he gains results which are more powerful, of higher quality and greater significance that if he does not use such habits. In my personal journey seeking for knowledge, I do get to engage in certain habits of mind as I go through the four dimensions of knowledge management, namely: the analytical, information, social and learning dimensions. In each dimension, I shall share what I have learned from others about each as well as how I go through each dimension, from

Govenance,Reporting and Ethics Essay Example | Topics and Well Written Essays - 1500 words

Govenance,Reporting and Ethics - Essay Example However, a company should not pay more than required for this case but the remunerations should commensurate with individual performance (Bebchuk & Roe, 1999). The committee for remuneration should also judge where to place their Company in relation to other companies. However, these comparisons should be made wisely such that remuneration levels correspond with performance improvement. According to the Combined Code address on accountability and auditing, the company's board should be able to show a balanced as well as an assessment that can be understood in order to determine the position and prospects of the company. This can simply be termed as financial reporting. The code provides that the directors in an annual report should explain their responsibility of Code Provisions The directors should explain in the annual report their responsibilities for account preparation and there should also be auditor's statements concerning their reporting responsibilities. The main roles and responsibilities of the committee for auditing include: It also recommends that, all directors including the non-executive directors should be re-elected at regular intervals by the shareholders. This contributes to continued improved and satisfactory performance. Th The code requires that a company should produce disclosure statements and also report on how they apply the principle of management and governance (La Porta et al. 2000). Companies should be free to explain the governance policies that they as well as any circumstances that have led them to employing a particular approach. The company has also to confirm that it adheres to the provisions of the Combined Code and if it does not, then it is liable to giving an explanation as to why it cannot comply. This is referred to as "comply or explain" approach and has been in existence for long whereby it is widely accepted by the investors as well as company boards. The people who are concerned with governance evaluation should do this with an aim of promoting partnership as well as trust in the company. They should consider company's nature of risks as well as the challenges that it faces. They should also consider the size as well as the complexity of the company. ISSUE 1. Non-executive directors and Independence. Non-executive directors play a very key role and are believed to be very effective in the building of good corporate governance structures. The chairman has the capability of holding meetings with non-executive directors even in the absence of executives. The non-executive directors also meet annually under the leadership of the senior independent director but in the absence of the chairman to give an appraisal on the performance of the chairman.The non-executive directors are usually provided with professional advice at the expense of the company whereby they consider it important to discharge

Law Of International Insurance contracts Essay Example | Topics and Well Written Essays - 2500 words - 1

Law Of International Insurance contracts - Essay Example The Convention recognized the inherent risks of the aviation industry, thus, it seek to protect the airline companies by putting limitations on its liabilities towards it passengers and cargo. To strike a balance between protecting the interest of the airline companies and protecting the welfare of the passengers, the framers of the Warsaw Convention 1929 instituted provisions that define the certain terms. Section 17 of the Warsaw convention specifically said that, â€Å"The carrier is liable for damage sustained in the event of the death or wounding of a passenger or any other bodily injury suffered by a passenger, if the accident which caused the damage so sustained took place on board the aircraft or in the course of any of the operations of embarking or disembarking. â€Å" The definition of â€Å"accident† according to the Warsaw Convention has been the subject of many debates and arguments in and outside of the courts for several years. In settling arguments, the courts have defined the word â€Å"accident† in many decided cases both in the United States and the in the United Kingdom. To get a clearer picture of how the courts define the word â€Å"accident† and how this definition has affected the insurable interests of aircrafts and their passengers, let us take a closer look at the leading cases decided by the Courts. The definition of the word â€Å"accident† in the airline industry is the same in both the United States and the United Kingdom. Note that the Warsaw Convention was meant to establish a uniform liability of airline companies towards their passengers thus, the courts, in defining the word â€Å"accident† according to Article 17 of the convention, adopt a more or less interpretation. According to the provisions of the Warsaw Convention, it is not enough that the carrier failed to convince the court that it took all necessary