Use our essay title generator to get ideas and recommendations instantly
The automobile industry is one of the most significant sectors in the United States economy given the role cars and other automobiles play in the nations public transportation system. An important aspect of the U.S. automobile industry is the car services sector, which is crucial in the nation's public transportation. Apart from the role of cars in public transportation, they also act as status symbols for many Americans. The car services sector is affected by some internal and external market factors that affect the profitability and success of the different players in the industry. These factors can be effectively demonstrated through a SWOT analysis of the internal car services market.
The U.S. car services sector is characterized by several strengths that have played a major role in the overall growth and profitability of the overall American automobile industry. One of the strengths of this sector is increased demand for…
Ford orld Automobile Industry 2009
hich companies are likely to be most successful over the next five years?
The companies likely to experience the greatest market success in the coming years are those that find a way to simultaneously innovate and, in the case of the Detroit Big 3 especially, find intuitive ways to reduce their capacity. Something that the case study published in the text by Grant (2009) makes quite clear is the notion that the American automotive market's crisis was essentially predicated by a series of assumptions that haven't evolved in several decades and by an oversaturated marketplace.
The text reports that, in fact, in the face of the growing financial crisis, "by the time President Obama took office in January 2009, U.S. auto sales were half of those a year previously. This fall in demand was unprecedented in the industry's history." (Grant, p. 534) The article goes…
CNN. (2011). Global Fortune 500. CNNMoney.
Grant, R.M. (2009). Contemporary Strategy Analysis, 7th Edition. John Wiley & Sons.
Market for Cars
Understanding Consumer Needs In The Automobile Industry
Understanding and Satisfying Consumer Needs in the Automobile Industry
The automobile industry is rather different from other aspects of the economy. Car companies focus on establishing respective and individual brand images while building their personalities up among consumers. The focus of targeting the various audiences allows car manufacturers to market alternative products through strategic ways that cater to emotions, needs, and desires of typical consumers (Best, 2006).
The major factors that contribute towards consumer purchases of vehicles include the levels of fuel costs and scope of environmental impacts. The issues also include opportunities for using new technologies. However, the approach of the factors also reduces through improvements in engine efficiency and changes in consumer sentiments (Klier, 2011). The commercialization of newer technologies in vehicles explains why car sales do not meet the set projections. The market has gender segmentation used…
Best, A.L. (2006). Fast Cars, Cool Rides: The Accelerating World of Youth and Their Cars. New York: NYU Press.
Klier, T. (2011). Corporate Average Fuel Economy and the Market for New Vehicles. New York: DIANE Publishing.
Reidenbach, R.E. (2009). Listening to the Voice of the Market: How to Increase Market Share and Satisfy Current Customers. New York: CRC Press.
Unlike with Korea or Japan, China's auto industry is not a home-grown enterprise but rather relies on foreign direct investment (Tang, 2009). Volkswagen, GM, Japanese and Korean companies have all entered the Chinese market through JVs with local concerns (Ibid). The trend towards consolidation is driven by the increasing dominance of the world's largest automakers. Smaller national automakers are becoming obsolete, and some nations have seen their automobile production decline to almost nothing (Finland, Serbia and Egypt for example, OICA, 2011).
Foreign automakers typically make use of joint ventures for a couple of main reasons. As the Chinese example illustrates, market access is a key factor. Many nations have highly protected auto industries or auto markets that make it difficult to set up greenfield subsidiaries. As a result, joint ventures with local firms are necessary to get around foreign ownership laws. In addition, joint ventures give the company better access…
Brower, K. & Johnston, N. (2010). Obama makes sales pitch for auto bailouts to skeptical voters. Bloomberg. Retrieved May 3, 2011 from http://www.bloomberg.com/news/2010-07-30/obama-trumpeting-success-of-automaker-bailouts-to-skeptical-u-s-voters.html
Chrysler, M. (2007). ASEAN FTA seen as political, positional play by Japan. Wards Auto.com. Retrieved May 3, 2011 from http://wardsauto.com/ar/asean_fta_japan/
Egelko, B. (2007). Auto industry asks court to slam brakes on state's tough emissions standards. SF Gate. Retrieved May 3, 2011 from http://articles.sfgate.com/2007-11-20/bay-area/17271253_1_greenhouse-gases-fuel-economy-auto-industry
Human, D. (2011). Gasoline prices leave hazy future for U.S. auto industry. Indiana Economic Digest. Retrieved May 3, 2011 from http://www.indianaeconomicdigest.net/main.asp?SectionID=31&SubSectionID=120&ArticleID=58284
Japanisation in the United Kingdom:
Experiences From the Car Industry
This report aims to analyze and compare the systems of power and control in the Japanese and western automobile manufacturing industries. The method was to use a wide range of theory and to support the analysis. The world has become an extremely competitive global economic battle ground. Automobile manufactures from both the east and the west continue to search for opportunities that will allow them to strategically reduce overhead but not affect market share or profitability. Consider that In the 1990's the solution was to literally cut or reduce the labor force and therefore reduce inherent costs of labor. The buzz words of the time were 'they just laid off X amount ... ', or 'they are downsizing ... ' These terms were regulars on the media circuit or on the front page of the morning's business section. These phrases…
Corbett, Brian (2002). Southern hospitality. Ward's Auto World, August.
My industry of choice is the auto industry, and I will analyze it using the PESTEL framework. The political environment is critical to the auto industry for a couple of reasons. In most countries, the auto industry is significant, and therefore becomes politicized. The bailouts of GM and Chrysler are just two examples -- albeit extreme ones -- of the intense government involvement in the shape and size of the automotive industry. Another good example is NAFTA, which has resulted in production shifts to Canada and Mexico, but also the opening of the Mexican market. The current climate holds that the governments of the U.S. And Canada are divesting some of their control over GM and Chrysler, but will remain heavily involved in the industry, with the objective of supporting the Big Three, as well as major foreign automakers. The political environment also shapes demand conditions. For example,…
General Motors was founded in 1908 and has been the largest manufacturer, designer, building and marketer of cars and trucks throughout the world since 1921. It sells vehicles in more than 200 countries worldwide and maintains assembly, manufacturing, distribution or warehousing operations in 53 of these countries. In 2000, it sold 8.6 million cars and trucks - constituting 15.1% of the entire world vehicle market (the world's biggest share) at $4.5 billion net sales and $184.6 billion in revenues. (General Motors). It envisions itself as the enduring world leader in transportation products and related services, whose goal is "to maintain this position through enlightened customer enthusiasm and continuous improvement, driven by the integrity, team work and innovation" of its employees. (General Motors)
The organization operates in four regions. The first, which has the largest market at 27%, is the GM North America. This region designs, manufactures and markets vehicles for…
Business Wire. Raytheon Chosen by General Motors to Provide Dealership
Technical Training, 1999
2. Insider. XV8 Power: Another Intriguing Concept Engine from the General.
McMullen Argus Publishing, Inc., 2002
Automative Industry and Computers
How computers (over the years) have affected and changed automotive industry and auto sales.
How computers (over the years) have affected and changed automotive industry and auto sales.
History of Automotive Industry
Time Line of Developing Technologies
Emergence of Flexible Manufacturing Systems (FMS)
The ole of Computers in Sale and Marketing
How computers (over the years) have affected and changed automotive industry and auto sales.
Current essay is a discussion of the role and impact of computer on manufacturing and sales of autos. To better understand how and why the automotive industry is where it is today, a brief historical background of the automotive industry is offered. The development of the automobile can be tracked back to 1769 when Nicolas Joseph Cugnot of France built the first vehicle, (Olsen 2002). Cugnot is recognized by the British Automobile Club and the Automobile Club de…
Banham, R.(2002). The Ford century, Ford motor company and the innovations that shaped the world. New York: Artisan.
Erjavec, J. (2005) automotive technology, a systems approach (4th Ed.). New York, NY: Thomas Delmar Learning.
Kalpakjian, S. (1995). Manufacturing engineering and technology. Reading, MA:
Addison-Wesley Publishing Company Inc.
Internet Strategies Adopted by Automobile Companies in a Changing Business Market
This is an article on the Internet strategies adopted by automobile companies in the changing business scenario.
hat is the most recent fad that is tempting, informative and dangerous? The author would have loved to hear the responses from an audience, because none would have mentioned the Internet as the answer, and that is exactly what it is. Tempting because companies fall for the hype that the Internet has the potential to increase their profits by huge unrealistic percentages. Informative because the company is soon informed by its event managers that the virtual world is not what it was originally thought of, and dangerous because even after burning their fingers, they keep coming back for more! The reason why the come back is plain simple: the Internet is not directly responsible for the drubbing they received, It is their…
Author Not Known1, Global Vehicle Sales To Fall 11% In 2001-02 New Report Concludes.(Brief Article), http://www.findarticles.com/cf_0/m0UDO/14_13/84740455/p1/article.jhtml?term=Global+Vehicle+Sales Accessed on July 11, 2002
Dallan Greg, 2000, Automakers Rev Up Web Strategies
http://www.thestandard.com/article/display/0,1151,8969,00.html , Accessedon July 11, 2002
Conlin, Rob, 2000, Ford and Trilogy Forge E-Commerce Alliance, http://www.ecommercetimes.com/perl/story/2563.html , accessedon July 11, 2002
According to Leuilette the only way of accomplishing this is if the, "auto industry flexes its lobbying muscle and pushes Congress to enact a gas tax to pay for research and development. Otherwise, according to Leuliette, the United States will become even more dependent on shrinking foreign oil supplies. Toyota is the second-largest carmaker worldwide and reported that it intends to increase its' lead over Ford. Toyota is expected to remain the worlds most profitable carmaker after making a net profit last year of double its' nearest competitor. Further stated is that, "Japanese manufacturers have been able to steal market share from the American producers in their home market, recently starting to compete against U.S. pick-up trucks and large offroaders, the most profitable vehicles.
Toyota is also rapidly gaining share in Europe and is building new factories there as well as in China and the U.S. On Tuesday the scale…
CEO to Metaldyne Corporation Calls for Fuel Cells in Cars during Automotive News World Congress (2005) May 3 NewsTarget.com Commentary http://www.newstarget.com/003938.html .
Toyota takes load in global car sales, putting Ford in second place Tuesday, May 03, 2005 Commentary | http://www.newstarget.com/001433.html .
Toyotas West Virginia Plant Expands Again, Bringing 150 New Jobs
Automaker to Manufacture Additional Automatic Transmissions
2007 Economic Crisis on American Car market
Effect of the 2008 global economic crisis on automotive industries
Crisis in the United States
Crisis in Canada
Crisis in ussia
Crisis in European markets
Crisis in Asian markets
Effects by other related crisis events
In this paper, we will review the effects of 2008 global automotive crisis. Our main focus will be on the American car manufacturers and the negative impact they suffered due to the crisis. We will also have a look at how this crisis had affected car manufacturers in other major markets around the world notably Europe, Canada and the prominent Asian markets such as China and India. Finally, we will look at some of the other factors which were important to this event namely the energy crisis since the cost of fuel is directly related to the car industry.
The automobile industry is a very important part…
Lee, C. (2003). Financial Liberalization and Economic Crisis in Asia. New York: Routledge.
Pempel, T.J. (1999). The Politics of Asian Economic Crisis. New York: Cornell University Press.
Arestis, P. (2001). What Global Economic Crisis? New York: Palgrave.
Liou, K.T. (2002). Managing Economic Development in Asia. Westport, CT: Praeger.
Lotus ental Car's CFO feasibility adding alternative fuel vehicles fleet
The problem of switching to a more fuel efficient car, especially ones that are considered non-polluting will arise for all tourist and individual car owners. The reason is the rising cost of fossil fuels and the actions of environmentalists and other powers that try and curb the use of fossil fuels and cars in many places. While the operators have some more breathing time, it can be predicted that in the near future there will be a forced shift to hybrid cars, electric vehicles and non-fuel-based vehicles in all sectors of the world. The automotive industry is itself gearing up for the change. One factor that has made the automobile producers take to producing hybrid vehicles and electric and other fuel vehicles is primarily the costs of fuel as is obtained now. The rising cost in fuel has made automobile…
Baker, Linda. (2006) "The Service Economy: Car Sharing Is the New Consumer Model." E
Magazine, vol. 17, no. 2, pp: 16-18.
Becker, Helmut. (2006) "High noon in the automotive industry"
New Car Rental Property Proposal
Despite the proliferation of ride-sharing services such as Lyft and Uber, the rental car industry continues to thrive, with average fleet sizes and revenues experiencing significant increases since 2015 (2016 U.S. car rental market, 2017). One market location that is well positioned for a new non-franchise car rental enterprise is Oklahoma City, Oklahoma (OKC) which hosts a world-class international airport, the Will Rogers World Airport, located just 6 miles from the city's downtown. This paper provides an overview of the U.S. car rental market and a description of the basic business model that will be used by the new car rental enterprise which will be known as Stardust Car Rentals. In addition, a description of four performance measures, data collection methods and how the data will be used is followed by an outline and analysis of two cost-benefit decisions that will have to be considered.…
Significance of the Study
This study is significant because it sheds light on a very important contributor to local and international trade. Trade fairs have a long history in providing a meeting place for buyers and sellers. They are an important channel of communication for B2B buyers and sellers. This is a significant area for study because there are limited channels of communication between B2B buyers and sellers. The previous sections have diversified the importance of communication to trade. B2B buyers and sellers cannot use mass channels of communication such as television advertising or newspaper advertising. In this market usage of personal visits and demonstrations are the common channels of marketing and communication. The B2B selling and marketing activities are less highlighted in research than B2C activities. Therefore, this study is significant because it explores a very important channel of marketing and communication in the B2B market.
The study is…
UFI.(2009). The Trade Fair Industry in Asia, 5th edition: A UFI report researched and compiled by Business Strategies Group Executive Summary -- for UFI members only." Business Strategies Group Ltd. [online] Available at http://www.ufi.org/media/membersarea/studies_reports/2009_bsg_report_summary_andorder_form.pdf [Accessed 10 May, 2012].
Viardot, E. (2004). Successful Marketing Strategy for High-Tech Firms. Volume 5. NY: Artech House
Yeshin, T. (2006). Sales Promotion. NY:Cengage Learning
IX. Plan of implementation
The implementation plan should have several different parts. The first part is the analysis. The decision has been made to relocate some of the plants from locations with high labor and production costs to countries where these costs are lower. The analysis will need to show which each of these countries are. The idea is that the new countries will need to have some of the characteristics that serve company interest. These would include being close to markets where the products are sod or, if it is the same country, a sufficient purchasing power for the customers in the new locations.
The action plan or actual implementation plan should follow. The implementation plan will include dates and times when things are being moved, prices, for goods that are being auctioned and no longer retained in the new locations, personnel that will need to move to the…
technologies used in various industries. e will also explore the operations management procedures that are used in these industries. Let's begin with a look at IBM, which is part of the technology industry. IBM utilizes advanced technologies in many operational management procedures. According to the IBM website these technologies are particularly important to supply chain management. The website explains that the company offers end to end business solutions, employs 5500 industry specific consultants and offers flexible financing. All of these processes aid the company in the area of operations management. ("Forecast and demand planning solutions from IBM")
The apparel manufacturing/textile industry is quite different from the technology industry because it still requires a great deal of manual labor. The tour that we reviewed in this industry was from the Northeast Knitting Mill. This company was established in 1911 for $50. The tour of the manufacturing facilities displays the circular knitting…
Company Information. 2003. Dole International. 2 April 2003. http://www.dole.com/company/index.jsp
Factory Tour." 2003. Northeast Knitting Mills. 2 April 2003. http://www.neknitting.com/tour.htm
Forecast and demand planning solutions from IBM." 2003. IBM Global Industries. 1 April 2003. http://www-1.ibm.com/industries/businesssolutions/doc/content/solution/199577107.html
Tour of the HPD." 2003. Honda Performance Development. 1 April 2003. http://www.hondaracing.com/hpd/tour_hpd.html
There are more BMW's and Porches being driven than Maserati. Position as a unique and superb driving machine, and extension of personality. Never call it a car.
Brand leadership -- Emphasize hand crafted and unmatched quality. Brand has been known for decades as unmatchable.
Head on positioning -- Emphasis on not really an apples-to-apples comparison; emphasize specs and luxury differences. FOCUS on innovation. Use statistics of the number of BMW and Porche's sold, then compare with that special person -- make user believe they are purchasing an investment worthy of a King.
Lifestyle Positioning -- Use purchase to boost image and exert success
Cost -- Not really as much of an issue at this range; but simply indicate that only special people can handle this vehicle; all routine maintenance will be covered in full for 5-years. Treat client like VIP.
Positioning venues -- Purchase list of high-end executives and send…
How to Identify a Target Market, (2010). Target Market. Retrieved July 2011 from http://www.esmalloffice.com
Evans, K. And H. Stroll, (2006), "Marketing Challenge: Three Ways To Catch Clients,"
Marketing Profs. Cited in: http://www.marketingprofs.com/6/stroll116.asp .
Kiley, D. "Airlines Are Not Marketing Even If They Think They Are." 23 February 2005. Bloomberg Businessweek. Cited in: .
New players are usually very slow to enter the market, not only because the market has been consolidated through various mergers and acquisitions, but also because of the high entry costs.
Another important difference is given by the access to capital. In a consolidated industry, the big players have access to capital and, generally, investors are deterred to investing in smaller companies simply because they don't truly believe in their capacity to fight with the larger players in the market, except perhaps on small niches. On the other hand, in a fragmented market, access to capital and resources in general is easier, because there are fewer influential players in the industry and larger possibilities for the smaller companies.
Competition is usually stronger on a fragmented rather than a consolidated market. The reason for this is that there are more opportunities on the market and the smaller players fight for every…
The process would then need to continue so that the changes that can be seen in the environment can also affect the changes in entry strategies.
Environmental factors, economic factors, political/legal factors, social/cultural factors and also technological factors should all be considered. The legal factors that need to be addressed include issues in employee law, monopolies and mergers legislation, environmental protection laws, and wider issues such as foreign trade regulations. The political factors refer to the stability of the government. The taxation policy, the government spending, the relationship that the government has with other countries, and the industrial policy and all issues should be considered.
The economic factors that need to be addressed refer to inflation, disposable income, unemployment, business cycles, GNP growth rates, interest rates, exchange rates, energy, and the basic prices for raw materials. Factors from cultural and social standpoints include population demographics, the income distribution, what levels…
Altman, E. & Kao, D.L. (1991). Corporate Bond Rating Drift: An Examination of Rating Agency Credit Quality Changes Over Time. New York University-Salomon Brothers Working Paper S-91-40.
Billet, M. (1996). Targeting Capital Structure: The Relationship Between Risky Debt and the Firm's Likelihood of Being Acquired. Journal of Business.
Ederington, L., Yawitz, J., & Roberts, B. (1987). The Information Content of Bond Ratings. Journal of Financial Research 10, 3 (fall): 211-26.
Kaplan, R. & Urwitz, G. (1979). Statistical Models of Bond Ratings: A Methodological Inquiry. Journal of Business 52, 2: 231-61.
Used car sales
Increasing trend of car sharing
Weakened U.S. tourism industry ("Enterprise")
The sale of used cars by other organizations is a significant threat to Enterprise. Many of the world's largest car manufacturers, like Daimler Chrysler, General Motors, and Ford, are offering large incentives and low interest financing through their dealers on new vehicle purchases. For this reason, it makes owning a new vehicle more affordable for more consumers and conversely weakens used car pricing industry wide. This could be devastating for Enterprise with their traditional procedure of acquiring new vehicles and then disposing of them through their used car outlets. To date, Enterprise has enjoyed higher resale values on their vehicles, when compared to standard residual value, due to their consistent level of maintenance service. However, in recent years this margin between the vehicle sale price and the residual value has narrowed considerably, especially as used…
1957. 2006. Enterprise Rent-A-Car. November 13, 2006 http://aboutus.enterprise.com/who_we_are/milestones.html.
1962. 2006. Enterprise Rent-A-Car. November 13, 2006 http://aboutus.enterprise.com/who_we_are/milestones.html.
1969. 2006. Enterprise Rent-A-Car. November 13, 2006 http://aboutus.enterprise.com/who_we_are/milestones.html.
1970. 2006. Enterprise Rent-A-Car. November 13, 2006 http://aboutus.enterprise.com/who_we_are/milestones.html.
auto parts industry on a global level and highlight potential opportunities as well as problems facing manufacturers. The industry has undergone a number of significant changes in recent years, including the globalization of automobile use in developing world nations such as China and India. Environmental concerns and regulations have also impacted the industry.
Global Industry Selection
As car use becomes more and more ubiquitous throughout the world, the significance of the global auto industry will increase exponentially. To better understand developments within automobile manufacturing, it is also essential to better understand how components of automobiles are sold and sourced internationally. Just as automobile companies are subject to radical shifts in consumer demand, so are the organizations which manufacture auto parts.
Industry Description and Competitive Environment
The auto parts industry is more competitive given the current downward pressure upon prices. American consumers are growing less enamored with high-cost luxury vehicles and…
Automotive 2020: Clarity beyond the chaos. (2008). IBM.
Bosch in North America: Four Years of Solid Growth. (2014). Bosch. Retrieved from:
Hirsh, E., Kakkar, A., Singh, A. & Wilk, R. (2015). 2015 Auto Trends. PWC. Retrieved from:
Management of a Mini
Management in the Car Industry
Assume you are a senior manager at Ford. Your boss has just asked you this question: "That Mini is doing so well-why didn't we think of it?" How might you respond?
The shift to small cars in the automobile industry is a concern. Additionally, given the current trends in the rising cost of fuel demand for small cars will outstrip demand for big cars. The U.S. Automobile industry has been over the years characterized by a preference for big cars. This preference is highly attached to the American consumer culture. This situation makes a sudden switch by an automobile company to small cars somewhat like a wild-goose-chase (Kohler and Keller 710). Because motor vehicle production needs to be reflective of consumer needs, Ford could not have taken a sudden switch to small car manufacture.
The shift towards the new models for…
George, S.D. "The Capabilities of Market-Driven Organizations." Journal of Marketing 58.1 (2004): 36-41. Print.
Kohler, P., and K. Keller. Marketing Management. (14th Ed.). Upper Saddle, NJ: Jersey: Pearson Prentice Hall, 2012. Print.
At least three customer roles are needed for a marketplace transaction: (Ibid)
1. Buying, choosing a particular product or service;
2. Closing sale by paying for product or service;
3. Consuming or using product or service.
Subsequently, one customer may be a buyer, a payer, or a user; or each of these roles may be filled by an organization; various individuals; or different departments. During the process of transforming a showroom visitor to a used car buyer, it is vital to note that if a seller does not cater to each of these three roles, he may loose the customer.
Insuring a used car's features are the ones the potential customer has in mind and that the vehicle will best satisfy the user's want or need has to be a primary goal of a seller.
The payer role is equally important as without a payer a sale will…
Allen & Unwin. Dividends of Fear: America's $94 Billion Arab Market Export Loss. (2003, July/August). Washington Report on Middle East Affairs, 22, IM1+.
Ambah, Faiza Saleh. "Saudi women recall a day of driving; Women who protested in 1990 reunite as debate over women drivers returns.(WORLD)," The Christian Science Monitor, December 7, 2005.
AUTO PARTS AND SERVICE EQUIPMENT (APS)." (2006). U.S. Commercial Service. Retrieved 22 August 2006. from: https://www.buyusa.gov/saudiarabia/en/120.html.
Boorstinm, Daniel J. (1996). The Columbia World of Quotations. New York: ColumbiaUniversity Press. Retrieved 23 August 2006 at http://www.bartleby.com/66/81/7781.html .
external environment facing TOYOTA, the global car manufacturer. This paper discusses impacts of the company's internal organizational strategy (structures and management). The work is divided into two tasks. Task 1: Critically evaluates key factors (e.g. environmental, global, competition, technology) impact TOYOTA performance. Task 2: Provides strategic recommendations for senior managers of the TOYOTA.
Examine the external environment of TOYOTA and how this impacts on the internal organizational strategy (structures and management). Critically evaluate the key factors (e.g. environmental, global, competition, technology) that impact on TOYOTA performance. Findings are drawn from use of analysis tools (e.g. PESTLE, Porter's five forces, SWOT).
We begin our analysis of Toyota by looking at the company through three analytical prisms: Porter's Five Forces Analysis, SWOT Analysis, and PESTLE. It is necessary to define what these analytical prisms are, initially, i.e., define terms, before beginning the analysis in earnest.
Porter 5 Forces Analysis
1. Toyota seeks 15% of global car market: Japanese automaker targeting Russia, India, China and Brazil, MSNBC.com, November 13, 2006
2. Global Economic Research: Global Auto Report: Strengthening Car Sales Drive Global Vehicle Output To Record High -- Production increase will support global economic activity, Feb. 25, 2011, Scotiabank Group
3. Toyota Motor Corporation Global Web site, http://www.toyota-global.com / (Accessed on March 10, 2011)
4. European car makers and their suppliers: changes at the interface, RT McIvor, PK Humphreys… - European Business & #8230;, 1998 - emeraldinsight.com
A large body of literature has treated many different aspects of these influences on Asia, Europe and the United States (Busser & Sadoi, 2003). The importance of the study relates to the current trends taking place in Libya where aggressive steps have been taken in recent years to normalize relations with the international community. For example, Libya opened up its programs to develop weapons of mass destruction to international scrutiny and renounced terrorism as a political tool (Libya, 2010). Moreover, the country's political leadership has been equally forthcoming in its efforts to normalize their relations with Western nations since 2003 (Libya, 2010). More recently, Libya has been removed from the U.S. State Department's list of states that sponsor terrorism in 2006 and in 2008, Libya joined the United Nations as a nonpermanent member on the UN Security Council during the 2008-2009 term (Libya, 2010).
Other signs that clearly point to…
About us. (2010). Mobil. Retrieved from http://www.exxonmobil.com/Corporate/about.aspx .
Al-Waha Oil Company overview. (2010). Al-Waha Oil Company. Retrieved from http://www.
Announcement of oil discovery. (2010, July). National Oil Corporation. Retrieved from http://en.noclibya.com.ly/index.php?option=com_content&task=view&id=1423& ;
1985 "Hacking," or entering / gaining unauthorized access to a computer system, has been committed by a group of young computer programmers. The victims of this new incidence of hacking were the Pentagon and the telecommunications company, AT&T.
Nuclear energy became the primary source of energy used in weapons making, characterized to be more efficient and powerful compared to its predecessor, the atomic bomb (energy).
1986 The first operation was conducted which granted a patient an artificial heart, lengthening the life survival of patients who have poor heart conditions.
1988 Stealth bomber aircrafts were manufactured and introduced by the United States. These new aircrafts provide ease and increasingly rapid speed of flight without being detected by enemy radar (especially during war time).
1990 Switzerland had produced the first solar-powered vehicle, which runs on solar power alone, without the use of excessive fuel energy. This project aims to provide…
Daniel, C. (Ed.). (1993). Chronicle of the 20th Century. NY: JL International Publishing.
McNeil, I. (2002). An Encyclopedia of the History of Technology. NY: Routledge.
Microsoft Encarta Reference Library 2002. Microsoft Corporation 1983-2001.
Swatch and the Global Watch Industry
Until the 1970s, Switzerland was the global leader in the watch industry. However, as technology advanced, digital watches were introduced and quickly began replacing the quality analog pieces that had been made for centuries, by the craftsmen of Switzerland. Digital watches were cheaper to manufacture. They also had the added value of mass production, which the handcrafted Swiss pieces simply could not produce. For the first time, the watch industry now included timepieces that anyone could afford.
Swiss watchmakers saw the development of inexpensively produced, mass production digital watches, but failed to take action. Quite rapidly, the Swiss lost valuable market share, in the industry. Their mid-level segments were quickly lost to Japanese watch manufacturers. The only market segment they could still compete in was that of high-end pieces. A decade later, understanding that mass-produced watches were here to stay, Swiss manufacturers decided to…
There is a lot of predictability and patterns when it comes to economics. There are many examples that one can point to. First, there is a bit of a cycle to things. Even when there are economic "booms" in the United States or other capitalistic countries, there are eventually "busts" of varying size and degree called recessions. Most of the time, the recessions are fairly brief and not a lot of damage is done. Other times, one sees recessions like the Great Depression in the 1930's and the Great Recession in the 2000's. There was also the fairly dark period that occurred during the latter part of Jimmy Carter's Presidency and into the early 1980's when Reagan took over (24/7 all Street). Of course, there are behaviors that are expected and realized when economic travails come. People tend to tighten their spending, stick to their current job if…
24/7 Wall Street. "The 13 Worst Recessions, Depressions, And Panics In AmericanA History." 247wallst.com. N.p., 2015. Web. 21 Dec. 2015.
Car Scoops. "Want A Car 'Made In The U.S.A.'? Then Check The First Digit Of The VIN Code." Carscoops. N.p., 2015. Web. 21 Dec. 2015.
Crawford, Steve. "How Does Consumer Spending Change During Boom, Recession, And Recovery?: Beyond The Numbers: U.S. Bureau Of Labor Statistics." Bls.gov. N.p., 2015. Web. 21 Dec. 2015.
Fiat. "Fiat.Com - Homepage." fiat.com. N.p., 2015. Web. 21 Dec. 2015.
Technology in China is essentially on par with the rest of the developed world, though there are common accusations (many of them quite obviously well-founded) of copyright infringement and the production of lower-quality "knock-off" or counterfeit goods of all types. A major concern operating a car manufacturer/distributor in China would be the theft of ideas, designs, and even mechanical features. Technology could also be helpful in reducing pollution, but China does not seem overly concerned about this regardless of the fact that some of the most polluted urban areas in the world can be found in China -- due in large part to exhaust from fossil fuel burning in cars and factories. Environmental concerns ought to be more extreme than they are, and if a cleaner car can be offered without much of a premium in the current market, brand identity could be strengthened and there might be eventual payoffs.…
Analyze the industry environment of Four Seasons Hotel
Industry lifecycle: The state of the Four Seasons Hotels
The lifecycle of an industry takes the form of four distinct stages: the introduction of the product or service, growth, maturity, and decline (Product life cycle, 2012, Tutor2U). The Four Seasons is one of the most venerable hotels in the marketplace today. It made significant gains in the 1990s when egent International hotel sold its hotels to the chain, giving the Four Seasons "an instantly expanded position in Pacific Asia, and also created the basis for expansion of the Four Seasons brand in Europe and Asia" (Go 1996). Even before this international acquisition, the Four Seasons was an international brand, and was particularly famous for its New York incarnation, where its food was considered to rival that of four and five star free-standing restaurants, which is highly unusual for a hotel.
Barnett, C. (2003). Traveling in style; what your money should buy at a deluxe hotel. Network Journal, 11(1), 58-58. Retrieved from http://search.proquest.com/docview/222647916?accountid=10901
Clifford, Stephanie. (2011). Sales of luxury goods are recovering strongly. The New York Times.
Four Seasons Hotels. (2012). Official website. Retrieved: http://www.fourseasons.com/
Southwest Airlines with Porters Five Forces Analysis
Southwest Airlines is a major competitor in the U.S. air industry. The founders; ollin King and Herb Kelleher, developed the idea of a low cost carrier and the airline airlines gained the first mover advantage when the inaugural flight took place in 1971. The airline has been very successful and following the acquisition of AirTran in 2011, the company is now the largest domestic carrier and the world's largest low cost carrier (Southwest Airlines, 2014). The firm has 45,000 employees and flies to 96 different destinations with its fleet of 680 Boeing aircraft (Southwest Airlines, 2014). Competing in the airline industry the company has a number of challenges which can be examined through Porters Five Forces Model.
Threat of New Entrants
The airline industry has a number of barriers to entry and exit which may constrain the potential for new competition.…
Belobaba, P; Odoni, A; Bamhart, C, (2009), The Global Airline Industry, John Wiley & Sons
Southwest Airlines, (2014), Southwest Corporate Fact Sheet, accessed at http://swamedia.com/channels/Corporate-Fact-Sheet/pages/corporate-fact-sheet
The Economist, (2014), Why airlines make such meagre profits, accessed at http://www.economist.com/blogs/economist-explains/2014/02/economist-explains-5
Transtats, (2014), accessed at http://www.transtats.bts.gov/
Philip Zimbardo's research entailed taking good people and putting them in bad situations, just to see how it would affect their psyche. Volunteers were divided into two groups: guards and prisoners. They also left out any clocks or calendars, so that they could not judge the passage of time. A police car drove around the neighborhood one Sunday morning, arresting college students, as part of a mass arrest for Penal codes 211, Armed Robbery, and urglary, a 459 PC. After being processed at the police station, they were blindfolded and put in a cell, left to wonder what would happen to them. Each prisoner was systematically searched and stripped naked, then deloused to convey the belief that they had germs or lice, which was designed to degrade and humiliate the prisoner. They were given a uniform -- a dress or smock, which was to be worn at all times, without…
Parkinson's Law. Wikipedia. 4 December 2002. http://www.wikipedia.org/wiki/Parkinson 's_law
Laurence, Peter J., Dr. And Raymond Hull. The Peter Principle: why things always go wrong. Wikipedia web site. 4 December 2002. http://www.wikipedia.org/wiki/Peter_Principle
Industry and Firm Analysis
Bennett, J. (2016). Fiat Chrysler to Build Parts Distribution Center in Virginia. Wall Street Journal. etrieved 25 May 2016 from: http://www.wsj.com/articles/fiat-chrysler-to-build-parts-distribution-center-in-virginia-1463662804
Fiat Chrysler Automobiles NV is investing $12.2 million to build a new distribution center in Virginia amid growing demand for parts used by its dealerships to both repair and customize its vehicles.
The 400,000-square-foot Mopar distribution center, located in Winchester, will employ about 70 people and ship more than 9.2 million parts and other items annually. This will be the 22nd center Fiat Chrysler has in operation in North America. It will primarily supply more than 200 dealers in the mid-Atlantic region after it opens sometime in the fourth quarter.
Mopar is the hidden gem of the Fiat Chrysler operation. Currently, the unit distributes more than 500,000 different parts and accessories to more than 150 markets around the world. That number is only expected to…
Flak, A. (2014). Fiat Chrysler to spin off Ferrari, issue $2.5 billion convertible bond. Reuters. Retrieved 26 May 2016 from: http://www.reuters.com/article/us-fiatchrysler-ferrari-divestiture-idUSKBN0II1DB20141029
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial Accounting, (6th Ed.). Hoboken, NJ: Wiley.
Bennett, J. (2016). Fiat Chrysler to Build Parts Distribution Center in Virginia. Wall Street Journal. Retrieved 25 May 2016 from: http://www.wsj.com/articles/fiat-chrysler-to-build-parts-distribution-center-in-virginia-1463662804
Sylvers, E. (2016). Fiat Chrysler Finds New Boss for Alfa Romeo, Maserati. The Wall Street Journal. Retrieved 26 May 2016: http://www.wsj.com/articles/fiat-chrysler-finds-new-boss-for-alfa-romeo-maserati-1464088964
Electric and Self-Driving Cars
Both the electric car trend and the self-driving car initiative may be considered fads that in the long run are simply untenable. Autonomous cars present numerous safety obstacles that are currently not being addressed, and the electric car phenomenon presents numerous obstacles as well. Currently it is a niche market: increasing power to the electric car and making it equal to gas-powered vehicles is a substantial obstacle, and a solution—expanding the number of electric vehicle charge points—needs to become part of the infrastructural horizon. In the UK, this solution is already being applied, as Murray (2016) shows: charge points are set to outnumber petrol stations in the United Kingdom by 2020.
However, much of the rest of global society is affected by the autonomous car in only a marginal way: if they are ever allowed to proceed into the mass market it will be a different…
hat will future hold for the hot rod and all those who love them so dearly?
The car has been long an emblem or icon of freedom. ith the invention of automobile and later the mass production of the car, the lifestyle for the average American definitely changed. No longer was anyone tethered to the location in which they were raised. People were now free to explore, in comfort, the world at large. It didn't take long at all for the car to become integrated with all facets of popular culture. However, various subcultures also developed right along with the automobile. One of these subcultures also found another form of freedom -- freedom of expression.
After II, the United States developed a strong middle class. In fact, this was arguably the strongest middle class in all of history. As a result of this development there were…
Hardin, D. "Can They Outlaw Hot Rodding?" 10 December 2010. Hot Rod Magazine. Web. 1 May 2012.
IBIS World. "Auto Customization Shops in the U.S. - Industry Market Research Report." 1 February 2012. Market Research. Web. 1 May 2012.
SAN. "Promoting Legislative Solutions for the Automotive Hobby." 2012. SEMA Action Network. Web. 1 May 2012.
SEMA. "Leading Manufactures Pitch in Parts for Charity Mustang GT." 2010. SEMA. Web. 1 May 2012.
External Analysis Motorcycle Industry
External Analysis of the Motorcycle Industry
Harley Davidson, the heavy-bike manufacturer holds the purpose of fulfilling dreams of personal freedom (Purpose: Harley Davidson, 2013). The company functions in segments of Motorcycles & elated Products and the Financial Services. It is however globally known for heavy bikes that have engine displacement of 651+cc (Harley-Davidson Inc. 2013). The company enjoys a unique position in the market yet it is exposed to many new market challenges in recent future. The demand for heavy bikes has increased among those that are not necessarily filthy rich and other companies are also entering the industry. Here is the PEST analysis of Harley Davidson to study what challenges it is facing in external environment.
The PEST analysis offers a detailed picture of how the macro environment factors affect the performance of Harley Davidson. The PEST stands for Political, Economic,…
Engel, J., (2013), "Polaris challenges Harley-Davidson with 3 Indian motorcycles," Retrieved
Harley-Davidson Inc. (2013), Retrieved from:
The Green Hotel Association (GHA) suggests using "printed towel rack hangers and sheet changing cards" in the bathroom of hotel rooms. The sign on the hanger mentions that guests do not have to have their linens changed (sheets, pillow cases) if they prefer not to; they can help the hotel save water -- in fact the GHA notifies the hotel guest that "millions of gallons of water are used to wash bed sheets" every day. So when the "sheet-changing card is left on the pillow, the room attendants" know to just make the bed but don't wash the sheets (Fostering Sustainable Behavior).
The obvious positive aspect of this is not just water savings but the electricity that it takes to heat the water and run the huge industrial clothes washing machines represents even more savings. There is no negative aspect to asking the room attendants to leave the same sheets…
Albright, Evan. The Book on Going Green. Raleigh, NC: LuLu.com. 2008.
Fostering Sustainable Behavior. "Energy and Water Reduction: 'Green' Hotels." Retrieved
February 22, 2012, from http://www.cbsm.com . 2010.
Walmsley, Andreas. "Hotels and Climate Change: Setting the Scene." In Trends and Issues in Global Tourism 2011, R. Conrady and M. Buck, Editors. New York: Springer.
Toy Industry in Hong Kong
Hong Kong Toy Industry
The world toy industry in the world is growing tremendously and hence the need by many nations to invest in the sector. Among the nations, Hong Kong has been at the lime light, especially for being the leading economy in the industry. In conjunction with the Chinese mainland, the total accountability amount to 75% of the toys manufactured. The success of the operations have been credited to the ever developing market, constant customers, well-organized logistics, knowledge and a broad networking program for the marketing the end products. Famous brands developed for the industry include Playmates, May Cheong, Silverlit, Toy2R and Hot Toys.
Contextually, Silverlit is a family-oriented company but managed through the OEM, ODM and OBM bodies. It is situated in Dongguan but having no manufacturing operations in Hong Kong. Nevertheless, it has a large populous of employees and several branches…
Federation of Hong Kong Industries. Hong Kong Manufacturing SMEs: Preparing for the Future. Industrial Situation Report. 2010.
Strange Roger, Wang Limin and Slater Jim. Trade and investment in China: the European experience. New York: Routledge. 1998.
Solomon, Michael, R. The Truth about what Customers want. Chicago; FT Press. 2009.
intra-industry international trade within the standard international trade classification SITC6, which represents manufactured foods classified chiefly by material. The scope of this paper is limited to processed foods, and includes analytical frameworks from the gravity model, and classic approaches to product differentiation, product commoditization, pricing, and market structure.
eferences to market structures in the literature typically oversimplify the dynamics influencing the development of market types -- perfect competition, monopolistic competition, oligopoly, and monopoly -- and this tendency is exacerbated when the focus is on intra-industry trade. Further, the distinctions become considerably more obfuscated when companies that are in the same trade do business in both domestic and international markets. A global manufacturing strategy is the goal of most multinational companies, and rationalizing manufacturing strategies is an objective for nations, as well (Lee, 1984). For instance, assume that a country has the industrial infrastructure to produce canned beverages, but there are…
Anderson, J.E. (2011). The gravity model. Annual Review of Economics, 3. Boston College.
Arribas, I., Perez, F., and Tortosa-Ausina, E. (2009). Measuring globalization of international trade: Theory and evidence. World Development, 37(1), 127-145. doi: 10.1016/j.worlddev.2008.03.009
Baier, S.I., and Bergstrand, J.H., (2009). Bonus vetus OLS: A simple method for approximating international trade-cost effects using the gravity equation. Journal of International Economics. Retrieved http://linkinghub.elsevier.com/retrieve/pii/S0022199608001062
Berstrand, J.H. (1985). The gravity equation in international trade: Some micro-economics foundations and empirical evidence. Review of Economics and Statistics, 67(3), 474-481. Doi: 10.2307.1925976
Intra-Industry International Trade
Standard trade theory and its deviations
The classical theory of international trade can be traced back to the founding father of capitalism Adam Smith: Smith's 1776 Wealth of Nations theorized that free trade would be beneficial to all nations. Smith stated that much like merchants, nations should specialize in the particular goods and services which they could produce most efficiently and trade with other nations who could produce alternate goods and services equally efficiently. Thus free trade resulted in advantages for both trading parties. Smith's theory was later fleshed out by David icardo in his Principles of Economics. iccardo stated that free trade could optimize efficiency for every country on a global level by reducing the inefficiencies generated by the excess resources involved in producing the goods and services the nation was not suited to produce (Sen 2010: 2).
This common wisdom remained relatively consistent…
Agglomeration economies. (2013). Economics Help. Retrieved from:
Carlton & Perloff. (2010). Strategic trade. Modern Industrial Organization (4th ed). Pearson.
Retrieved from: http://wps.aw.com/aw_carltonper_modernio_4/21/5566/1425036.cw/content/index.html
The house would still be capable of customization but would not necessarily have to be. This could lead to more profitability to the builders and a less likely chance of sloppy workmanship. The home building industry has the opportunity to show that it can react to adversity and with the situation as it currently stands, builders may have the desire to lower expenses, while not cutting corners, as much as possible.
The home building industry, therefore, seems to be one that can provide the economy with a boost when it is needed, with a foundation at all times and with overall growth that can lead to a robust job market, growth in the GDP and financial independence for those builders that are willing to commit to the hard work necessary to succeed. There are relatively few industries that provide individuals with that type of opportunity and even fewer industries that…
Bogoslaw, D. (2007) Homebuilders in a Hole, Business Week Online, pg 15 Accessed Sept 24, 2007 at http://web.ebscohost.com/ ehost/detail?vid=6&hid=2&sid=486e70e9-8320-4156-9bd0-750d6c9d32d0%40sessionmgr2
Fed's Calming Outlook Bucks up Stocks, (2007) USA Today, Money Section, pg 1B
Patterson, R. (2005) Home Sour Home, Mother Jones, Vol. 30, Issue 4, Accessed September 26, 2007 from Academic Search Premier
Stovall, S. (2004) Homebuilders: A Slump After the Jump, BusinessWeekOnline, Accessed Sept. 25, 2007 at
emotional positioning stategies. Maketing Intelligence & Planning, 23(1), 9-29.
Philip Kotle, & David Getne. (2002). County as band, poduct, and beyond: A place maketing and band management pespective. Jounal of Band Management, 9(4/5), 249-261.
Matin, Bidget, & Simintias, Antonis C. (1995). The impact of geen poduct lines on the envionment: Does what they know affect how they feel? Maketing Intelligence & Planning, 13(4), 16.
Keith Naughton. (2007, Octobe). An Electic Deam: THE $98,000 Tesla Roadste aims to be the ultimate geen ca. Will it succeed?. Newsweek, 150(18), E6.
Jason D. Olive, & Seung-Hee Lee. (2010). Hybid ca puchase intentions: a coss-cultual analysis. The Jounal of Consume Maketing, 27(2), 96-103.
Potheo, A., McDonagh, P., & Dobscha, S.. (2010). Is Geen the New Black? Reflections on a Geen Commodity Discouse. Jounal of Macomaketing, 30(2), 147.
Sangkapichai, M., & Saphoes, J.. (2009). Why ae Califonians inteested in hybid cas? Jounal of Envionmental Planning…
references. Public Finance Review, 38(1), 120.
Jack Ewing. (2008, October). Greener Luxury Cars, and Not Just Hybrids. Business Week (Online)
Furlow, N.. (2010). Greenwashing in the New Millennium. The Journal of Applied Business and Economics: Special Issue, 10(6), 22-25.
Patrick Hartmann, Vanessa Apoalaza Ibanez, & F. Javier Forcada Sainz. (2005). Green branding effects on attitude: functional vs. emotional positioning strategies. Marketing Intelligence & Planning, 23(1), 9-29.
Philip Kotler, & David Gertner. (2002). Country as brand, product, and beyond: A place marketing and brand management perspective. Journal of Brand Management, 9(4/5), 249-261.
Car repair is the process of diagnosing the car problem to identify the fault within the car. While the cars manufactured before 2000 requires special tools to be repaired, however, the computer technology has been increasingly used to diagnose and repair many newly manufactured cars. Before mechanics start the repairing of cars, they often quote the prices for customers before starting the repairing work. To repair the car, mechanic uses both electronic methods to gather data in order to replace the faulty materials in the vehicle. A mechanic diagnoses the car and identifies the problem within the car before starting the repairing work. There are two approaches used to diagnose a faulty car:
Use of a repair manual
elying on one's analysis
Use of computer technology
A repair manual is a book that assists an auto mechanic to identify the problems within a car. The repair manual consists…
Alberta Canada (2012). General Practitioners and Family Physicians. Government of Alberta. Canada.
Armenia Development Agency (2010). Jewelry and Gemstone Overview. Armenia.
Hoover's (2012). Jewelry Stores Industry Description. Hoover's Inc.
MedicineNet (2012).Optometrist vs. Ophthalmologist, Do You Know The Difference. USA.
The big three will likely weather the tsunami, as completely different entities than they have been in the past, possibly even more strikingly different than they were before and after the Japanese management style implementation in the 1980s. ith these and other changes likely in the industry in the near future The industry will once again prove flexible and innovative in changing with the times.
Brown, Shona L., and Katleen M. Eisenhardt. 1997. The Art of Continuous Change: Linking Complexity Theory and Time-Paced Evolution in Relentlessly Shifting Organizations. Administrative Science Quarterly 42, no. 1: 1.
Chrysler Sale Could Herald Auto Industry Restructuring. 2007. Manila Bulletin, May 16, NA.
Klier, Thomas. 2005. Determinants of Supplier Plant Location: Evidence from the Auto Industry. Economic Perspectives: 2.
Klier, Thomas H. 1995. The Geography of Lean Manufacturing: Recent Evidence from the U.S. Auto Industry. Economic Perspectives 19, no. 6: 2.
Brown, Shona L., and Katleen M. Eisenhardt. 1997. The Art of Continuous Change: Linking Complexity Theory and Time-Paced Evolution in Relentlessly Shifting Organizations. Administrative Science Quarterly 42, no. 1: 1.
Chrysler Sale Could Herald Auto Industry Restructuring. 2007. Manila Bulletin, May 16, NA.
Klier, Thomas. 2005. Determinants of Supplier Plant Location: Evidence from the Auto Industry. Economic Perspectives: 2.
Klier, Thomas H. 1995. The Geography of Lean Manufacturing: Recent Evidence from the U.S. Auto Industry. Economic Perspectives 19, no. 6: 2.
Use of electricity a d heat production is to systemize this process (.Nurettin Demirdoven, 13 Aug. 2004)
In contract Hybrid and fuel vehicles are efficient plus its engine is conventional with internal combustion. Fuel vehicles which consume hydrogen from fossil fuels dose not offer efficient energy with an advantage to operate an urban drive cycle used by hybrid vehicles. However, priority is mostly given to hybrid vehicles by government and various industries. In Addition, One of a famous company, Honda has released its Honda hybrid car in 2007 namely Honda Civic Compact Sedan. This car is made on the basis of new technology for saving gas. This car generally operates with three features including battery pack, gas powered engine and an electric motor to save its energy. There is also a full hybrid car which consists of the same major features mentioned above. Honda's hybrid car can easily be powered…
Air Bags in Cars
The Politics of Air Bags
Air bags weren't always in cars. They have come about as a fairly recent development, and the rise of the air bag was due to politics. hile this may sound strange, many things that individuals take for granted today have come about because special interest groups were concerned about a specific aspect of public policy or public safety. These individuals or groups then worked to change laws or to have laws enacted that made the world, in their opinion, a better place.
The purpose of this paper is to examine air bags from a political standpoint. In other words, the goal of this paper is not to make a judgment as to whether air bags in cars are good or bad, but rather to look at the political changes that caused them to come about in the first place.
Carter, Craig C. "Politics & Policy: Air Bags Puff On. Carmakers are installing them as federal rules requiring passive restraints look certain." Fortune 9 December 1985: 135.
Healey, James R & Jayne O'Donnell. "Air bag fatalities shock backers into soul-searching." USA Today 8 July 1996: 02B.
Lambrecht, Bill. "Who is He? Ashcroft gets hard questions, some jokes about obscurity on New Hampshire swing." St. Louis Post-Dispatch 12 August 1997: 01A.
Leavitt, Paul. "Air bags save lives." USA Today 5 November 1996: 14A.
Terrorism Affects the International Tourism Industry
There is an undeniable relationship between terrorism and tourism. This is because of the industry power tourist sites are attractive avenues for terrorists to cause unprecedented magnitudes of economic and social disruption. The 21st century economy is dominated by three sectors namely information technology, tourism, and telecommunications. Tourism generates ten percent of international employment with a surplus of 30% in the Caribbean region. World tourism organization estimates that over two hundred million people across the world will be employed in the industry by 2015. The tourism and travel sectors have expanded by 700% in the last two decades (Gabbay & Ghosh, 2013). It is further projected that tourists will spend twice as much in foreign nations on tourism activities. For most developing nations, tourism is the leading source of income in terms of GDP thus a key influence in the economic growth. The issue…
Beirman, D. (2013). Restoring tourism destinations in crisis: A strategic marketing approach. Crows Nest, N.S.W: Allen & Unwin.
Gabbay, R. & Ghosh, R.N. (2013). Tourism and economic development: Case studies from the Indian Ocean region. Burlington, VT: Ashgate.
Keyes, D.C., & Jonathan L.Burstein. (2010). Medical response to terrorism: Preparedness and clinical practice. Philadelphia [u.a.: Lippincott Williams & Wilkins.
Huggett, C., & Pownall, D. (2010). Teaching travel and tourism 14. Maidenhead: Open University Press.
..the stimulus plan calls for laying 3,000 miles of new transmission lines -- considered crucial for moving wind and solar power to different corners of the country" (LaMonica 2008). This sets a shining example for the nation for the need to make current and future structures environmentally sustainable.
Even if prices of fossil fuels decline, there are also other pressures that increase public awareness about the need for green housing -- finite timber resources, increasing overpopulation, and also the expansion of the densely populated developing world in China and India will make green building a continued priority on an international level.
The sad rise of asthma due to mold and other allergies contained in sick buildings may make a green building that can reduce mold, mildew and other build-up a necessity rather than a debatable luxury for many home owners in the future.
The current administration is working to bring…
Del Percio, Stephen. (2008, March 28). Green building in crisis. Green buildings NYC.
Retrieved March 9, 2009 at http://www.greenbuildingsnyc.com/2008/03/18/green-building-in-crisis-bear-stearns-meltdown-may-drown-beer-belly-building/
Homeowner affordability and stability plan. (2009, February 9). Department of the Treasury.
Retrieved March 9, 2009 at http://www.treas.gov/press/releases/tg33.htm
" The U.S. railroads stated featherbedding bill figures to be approximately $500 million a year. (Time & CNN, 1959; paraphrased)
Summary and Conclusion
One cannot presume to visit any city or town in the United States in today's world without seeing or hearing a train as it chugs down the railroad tracks from one destination to another every busy. While not much attention is given to today's railroad companies, it is certain that the railroad in the United States is still going just as strong as in its' historical heyday. As a matter of fact, the railroad is the oldest form of across land transportation in the history of the United States excepting the horse and wagon originally used by settlers in the establishing of the United States of America.
Samson, William D. And Previts, Gary John (1995) Reporting for Success: The altimore and Ohio Railroad and Management Information…
Samson, William D. And Previts, Gary John (1995) Reporting for Success: The Baltimore and Ohio Railroad and Management Information 1827-1856. Culverhouse College of Commerce. Online available at http://www.h-net.org/~business/bhcweb/publications/BEHprint/v028n2/p0235p0254.pdf
Reading Co." A Brief History (nd) Reading Company Technical & Historical Society, Online available at http://www.readingrailroad.org/reading/rdg_history.html .
Union Railroad (nd) Trainweb.org online available at http://www.trainweb.org/pt/union.html .
Central Railroad of New Jersery (nd) Trainweb.org online available at http://www.trainweb.org/pt/crnj.html
Despite these constraints, it is reasonable to assume that anyone able to invest $100,000+ in a five-minute space flight will be able to afford the trip.
Given NASA's historic lack of enthusiasm for commercial space travel, it is reasonable to conclude that private initiatives such as SpaceShipOne are going to remain at the forefront of private space travel in the near future. In fact, NASA's Strategic Plan only contains a minor reference to the importance of the commercialization of space in the section entitled "Administrator's Strategic Outlook," wherein the NASA administrator references six areas of interest as NASA priorities with commercial space ventures being only briefly mentioned at the end of the last area of interest (Hudgins, 2002). According to this author, "Barriers to space enterprise result from the way these important space policies treat space commerce. One can readily conclude that commercializing space is not a high…
Coren, M. (2004a, June 20). Commercial space travel next leap for mankind? CNN: Science and Space. Retrieved October 5, 2007 at http://www.cnn.com/2004/TECH/space/06/18/ssone.flight.history/index.html .
2004b, July 14). Private craft soars into space, history. CNN: Science and Space. Retrieved October 5, 2007 at http://www.cnn.com/2004/TECH/space/06/21/suborbital.test/index.html .
Graham-Rowe, D. (2007, January 18). UK rocket man who's racing the billionaires into space. The Evening Standard (London, England), 14.
Hudgins, E.L. (2002). Space: The free-market frontier. Washington, DC: Cato Institute.
Energy: A Bright Future Through Diversification
The energy industry has been a lucrative and growing one for generations, and will continue to be so in the future. Multiple sectors depend on the robustness of the energy industry for their long-term success, ensuring the relevance of and reliance on the energy business for the foreseeable future. From space exploration and military technology to utilities and essential services, quality energy sourcing, processing, generation, and distribution are all crucial to life on earth. Furthermore, the world's population is growing at an alarming rate, necessitating new products, services, and innovations to fit growing energy needs. The industry's ability to adapt to change, mitigate risks, and manage market forces makes it certain that my future in the energy field is a bright one.
Granted, a "massive transformation" is predicted for the future of the energy industry due to the boom in solar projects around the…
Ultimately the profitability of the hospitality industry is directly linked to how effective hospitality leaders and managers are in making this connection of experiences and measured performance over time.
The second major trend in the hospitality industry today is the growing reliance on business analytics software applications to better understand, anticipate and respond to customers' concerns (McKnight, 31). The use of business analytics software including predictive analytics that Harrah's has developed an expertise with example is a case in point (McKnight, 30). The ability to find the most profitable customer segments and tailor specific messaging, service offers, and coupons to them is keeping Harrah's profitable despite the recession that is going on right now. This filed of business analytics and predictive intelligence is one that continues to grow rapidly with the need for analysts, managers, directors and vice presidents to continually manage the large amount of data captured and used…
John C. Crotts, Bing Pan, and Andrew E. Raschid. "A survey method for identifying key drivers of guest delight." International Journal of Contemporary Hospitality Management 20.4 (2008)
Thomas Lee. "In hard times, change tack, or go extinct: Adapting to change: Post-Sept. 11, 2001, adversity led Bloomington software firm to adopt a successful new business model by shifting to the Internet." McClatchy - Tribune Business News 1 December 2008
William McKnight. "Hospitality Industry Business Intelligence: Checking in." DM Review 18.1 (2008):31
Sheila Muto. "Hotel Web Site Gets Personal to Lure Bookings. " Wall Street Journal 4 Jun 2003, Eastern edition
ebay: a blue ocean industry
eBay -- a Blue Ocean Industry
In 1995, the same year that Craigslist was born as a mailing list for announcing local events, Auction Web entered a market without competitors. A software engineer by trade, company Chairman Pierre Omidyar wanted to create a simple system for online trading of goods ("Meg," 2005). His wife, who had an interest in trading Pez candy dispensers, was one of the first customers. In three years time, trading was skyrocketing and Meg Whitman, from Hasbro, was hired as the CEO. Later in 1998, an initial public offering (IPO) made eBay a public company. Share value climbed steadily until the 2004 recession, as shown in Figure 1.
eBay Share Price
, June 9, 2005A company like eBay could not exist without the Internet, nor could it have grown so exponentially fast. In 1995, e-commerce was a twinkle…
Anniversary lessons from eBay. (2005, June 9). The Economist. Retrieved http://www.economist.com/node/4055579?story_id=E1_QDVVVSJ
Kim, W.C. & Maubourgne, R. (2005). Blue ocean strategy: How to create uncontested market space and make the competition irrelevant. Boston, MA: Harvard Business School Publishing Corporation.
Meg and the power of many. (2005, June 9). The Economist. Retrieved http://www.economist.com/node/4054876?story_id=E1_QDVQRSG
The heyday of the auction. Internet auctioneers such as eBay may be the instigators of a revolutionary leap forward in the efficiency of the price mechanism. (1999, July 22). The Economist. Retrieved http://www.economist.com/node/226168
Com industry crash after the boom
This is a paper examining some of the factors that caused the dot-com crash
Many believe the root cause of the dot-com crash was over valuation of stock prices relative to the actual underlying value of the companies themselves. Stocks of Internet companies traded at Price-Earning ratios of higher then 30, buoyed by a speculative bubble. When reality set in for investors many realized that the companies that they were so heavily invested in were little more then money sucking black holes with no upside potential in the near or long-term future. This triggered mass self-offs of not only Internet related stocks but soon impacted the market value of many companies associated with computer, network or telecommunications industries.
This paper will show in fact that over valuation was more a symptom of the speculative boom and was only one of the multifaceted factors that…
Baldwin Carliss Y. Clark Kim B. "Modularity After the Crash" working paper Managing the Modular Age: Architectures, Networks And Organizations,
Brick Michael, "Pets.com Closing Up Shop" TheStreet.com/NYTimes.com November 11, 2000 (www.nytimes.com) March 27, 2003
Buckman Rebecca, "Who Caused the Dot-Com Crash?" The Wall Street Journal, Monday, March 5, 2000 p. 42
Cassidy John Dot.con: "The Greatest Story Ever Sold" 2002 HarperCollins
Economics in the IT Industry -- Additional Four Pages for Your Essay
Making Information Technologies a Competitive Strength
The pace and depth of innovation continues to accelerate in all sectors of IT. Across all sectors, enterprise and organizations that choose to automate their core business processes using IT systems and platforms are gaining the greatest impact of all however. Manufacturing and services companies are adopting Enterprise esource Planning (EP) systems to streamline their supply chain, sourcing, procurement, production and service strategies (Sternad, Gradisar, Bobek, 1511). EP systems are proving to be extremely valuable for these organizations as they strive to create a more unified series of business strategies across all their divisions. IT has emerged as an agile platform to support business' growth over the long-term as a result.
IT investments are also now entirely tied to business objectives and strategies as well. This has made IT critical form any…
Benlian, A., and T. Hess. "Opportunities and risks of software-as-a-service: Findings from a survey of IT executives. " Decision Support Systems 52.1 (2011): 232.
Fern Halper. "THE TOP 5 TRENDS IN REDICTIVE AN ALYTICS: Maturing user adoption brings vision, viability, validity and value. " Information Management 21.6 (2011): 17.
Han, Y.. "Cloud Computing: Case Studies and Total Costs of Ownership. " Information Technology and Libraries 30.4 (2011): 198-206.
Tobias Klatt, Marten Schlaefke, and Klaus Moeller. "Integrating business analytics into strategic planning for better performance. " The Journal of Business Strategy 32.6 (2011): 30.
Thackery, John. "ybrid autos REV up: but will SUV-addicted buyers opt for an environmentally friendly car that saves on gas but commands a premium price?" Electronic Business: Automotive Electronics. Oct 2002 v28 i10 pp. 64(5)
Even before reading the article, "ybrid autos REV up" an informed consumer of the media should know that quite often automobile and electronics magazines are highly favorable of the industries they chronicle. The industry is essentially their 'bread and butter' of such magazines -- i.e. without cars, fancy car gadgets, and car aficiandos, there would be no audiences for such segmented magazines. The credentials of John Thackery, the article's author, are not immediately obvious, but the article's title "ybrid autos REV up: but will SUV-addicted buyers opt for an environmentally friendly car that saves on gas but commands a premium price?" suggests a highly positive slant is being given to the vehicles, for…
However, the article does provide credible statistical evidence to suggest the car's popularity, noting "Toyota has sold a total of 100,000 of all types of HEVs worldwide in the last five years and boasts that it will crank out 300,000 HEVs annually by 2005, as more car buyers show a preference for lower emissions and better mileage." As further testimony to the likely future popularity of the cars it also notes as well that in addition to Toyota, Honda and Nissan have also begun to offer hybrid cars. Other automotive manufacturers plan to introduce electric cars in the next few years, including Ford, General Motors and Daimler Chrysler. All of these manufactures, incidentally, have linked advertisements to this article on the World Wide Web.
The intended audience of this article, however, is clearly more interested in the car's purported power than environmental impact. Although the article does quote a director of alternative power technologies at J.D. Power & Associates, Westlake Village, who notes "the total HEV industry could be as large as one-half-million units by 2007," instead the author is more keen to emphasizes that forward-thinking car makers are "building a new breed of HEVs with smaller sticker premiums and more modest emission-reduction and mileage-enhancement targets." Thackery gently mocks the Toyota Prius, for example, stating that the car "sells on its appeal as a statement of the driver's environmental piety," but the more revved up HEVs, of the future, which are incidentally are more likely to be made by American car manufacturers, "are more attuned to market realities in a country where gas guzzling is an accepted addiction. 'If you do the math, you can see that we can actually save significantly more fuel converting a 20-mpg vehicle into a hybrid than a 30-mpg vehicle, especially if it's a vehicle that sells in high volumes, not a niche vehicle,'" one GM executive is quoted as saying, in defense of GM's future, more modest emissions standards for its electronic vehicles, in contrast to the Toyota Prius.
Thus, the article overall presents solid and credible information about how hybrid cars work, and their burgeoning popularity. But this American car and electronic niche magazine, aimed at car and gadget aficionados rather than the average cost-conscious middle class American car consumer may be too quick to sneer at the petite and cost-conscious hybrids such as the Prius, and too quick to endorse the more mildly conservationist and conserving 'mild-HEVs' that American manufactures plan to make in the future. Although its information its solid, its tone must be regarded with a pinch of proverbial (electrically charged) salt.
People seeking to make a fundamental change in the way they transport themselves will likely need a great deal of information, some of which may provide greater clarity while others may provide confusion and resort in them seeking out another alternative product. The consumer may then look for information that will support their inquiry into a commitment to a Hydrogen Fuel Cell Vehicle as opposed to one of many alternatives.
a. Choosing a lower cost option, or in this case an option that best fits into their personal budget;
b. Choosing an alternative with greater support and/or greater available review data, i.e. something that has already been tried and embraced by consumers;
c. Choosing a product that offers the least resistance in the way of lifestyle change, where to fuel, how to fuel, easier to drive, and/or service.
2. Consulting an expert, such as the lease agent, dealer manufacturer or…
Al-Muslim, a. (2011, March 29). Hempstead adds three hydrogen-powered cars. Newsday, (Melville, NY). Retrieved from EBSCOhost.
Katzanek, J. (2005). Hybrid car buyers willing to wait in line -- and pay more. Press-Enterprise, the (Riverside, CA), Retrieved from EBSCOhost.
Lenderman, a. (2007). Hybrids, concept cars generate buzz. Santa Fe New Mexican, the (NM), Retrieved from EBSCOhost.
Strahan, D. (Nov 29-Dec 5, 2008) Hydrogen's long road to nowhere. New Scientist (200) 2684, 40-44.
Values and the Automobile Market
In the last decade, the luxury car segment became one of the most competitive in the automobile market. Many American consumers who purchase luxury cars prefer imports from Germany and Japan.
A marketing vice president with General Motors once commented, "Import-committed buyers have been frustrating to us." This type of thinking has led industry analysts to argue that to successfully compete in the luxury car segment, U, S, carmakers need to develop better understanding of the consumers so that they can better segment the market and better position their products via more effective advertising. Insight into the foreign-domestic luxury car choice may result from examining owners' personal values in addition to their evaluations of car attributes, because luxury cars, like many other conspicuously consumed luxury products, may be purchased mainly for value-expressive reasons.
Industry analysts believe it would be important to assess whether personal values…
Nuclear energy possesses perhaps the largest potential for growth over the next few decades. The reason for this is the simple fact that it creates a relatively small amount of environmental pollution and can be adapted for use in nearly any part of the world. It certainly poses some security risks if it this technology is misused or mishandled, but the benefits certainly outweigh the costs. This type of energy production does not create smog, or direct environmental wastes, and many scientists, entrepreneurs, and engineers are looking at low cost, micro-nuclear solutions for small cities and towns (Kruger, 2006). Instead of building huge, multi-billion dollar power plants, the focus has shifted to creating small, sustainable, community nuclear power plants. The sustainability level of nuclear power is quite high given that a very small amount of nuclear waste is created for a huge amount of power output, unlike coal-fired power plants…
Hekkert, Marko P.; Hendriks, Franka H.J.F.; Faaij Andre P.C. And Maarten L. Neelis.. (2005).
"Natural Gas as an Alternative to Crude Oil in Automotive Fuel Chains Well-to-Wheel Analysis and Transition Strategy Development," Energy Policy: Vol. 33: Iss. 5, pp. 579-594.
Hoffmann, Peter. (2002). Tomorrow's Energy: Hydrogen, Fuel Cells, and the Prospects for a Cleaner Planet. MIT Press: Cambridge.
Kruger, Paul. (2006). Alternative Energy Resources: The Quest for Sustainable Energy.
Strategy Development at Tesla Motors
The hybrid and all-electric vehicle market is growing rapidly, and some industry analysts suggest that the future of personal transportation is in the hands of these manufacturers. One company that is in the vanguard of this industry is Tesla Motors, named for famed inventor Nikolai Tesla. The purpose of this capstone project is to provide an industry analysis to develop a strategy for the CEO of Tesla Motors to help shape the company's future.
Review and Analysis
Define strategy and examine how the definition of strategy fits Tesla Motors and its situation
Although a number of different definitions have been advanced over the years, a useful definition in an organization context states that “strategy determines the direction and scope of an organization over the long term, and it should determine how resources should be configured to meet the needs of markets and stakeholders” (Three levels…