Critical Thinking English- A New Earth Chapters Eight and Nine Essay

Basic Thinking English-A New Earth Chapters Eight and Nine - Essay Example It is tied in with hanging on and never about giving up. Along these lines, even I myself can just barely appreciate the significance of giving up, particularly on the profound level. In any case, maybe, what we people have not seen is that the more we attempt to clutch something †regardless of the amount we love and worth it, the more dread we experience. Dread is a weakening marvel and it is genuine. In the event that dread arrives at its greatest in us, we would not have the option to work as great people any longer and we respond with outrage even towards that thing that we have consistently clutched. The main path in this way to make the most of our lives without the dread is to give up. The way toward giving up starts with the acknowledgment of the certainty of progress. This negligible acknowledgment may achieve negative sentiments in us or considerably more dread from the outset. All things considered, it will inevitably present to us the internal harmony that we have co nsistently been yearning for. This harmony is the acknowledgment that the material comes just auxiliary to the profound. We can generally relinquish the material with the goal that we can relinquish the dread. At the point when we have relinquished things and when we have relinquished dread and when we are loaded up with extraordinary harmony, it is at exactly that point that we understand that we are amazing. Truth be told, as what Rilke said in â€Å"Buddha in Glory,† â€Å"Now you feel how nothing sticks to you/your immense shell ventures into interminable space/and there the rich, thick liquids rise and stream/lit up in your unbounded peace† (Rilke). From Chapter 9, the line that spoke to me the most was â€Å"Don’t let a distraught world reveal to you that achievement is something besides an effective present moment† (162). Achievement is transient, and it is sweet since it just occurs at a particular second and where it counts we realize that the joy that achievement brings won't keep going long. The general public we live in just as our instructive framework and everything else around us and inside

A Compare And Contrast Essay of The Ravel and Annabel Lee :: essays research papers

In these 2 Gothic style sonnets, Edgar Allen Poe expounds on the loss of his significant other Virginia. He expounds on how every one of the storytellers grieves her. In the two sonnets, in any case, Virginia?s name isn't expressed. In ?The Raven?, the storyteller grieves Lenore. In ?Annabel Lee? the storyteller grieves Annabel Lee (obviously). These sonnets are comparable and distinctive in a few different ways. ?The Raven? adopts on a somewhat extraordinary strategy that expresses the narrator?s misfortune. In ?The Raven?, there is a dark raven that comes rapping at the narrator?s chamber entryway. This rapping comes while he is grieving the loss of his better half ?Lenore? or on the other hand Virginia. In one of the sections of this sonnet, he alludes to the fowl as his companions. The raven will before long fly out of his life, similarly as different companions have flown previously. The raven can just express single word ?Nevermore?. That?s the main answer the storyteller gets when he asks this flying creature any inquiry. This raven drives the man to madness simply like the various stories Poe has composed. During his crazy time, the storyteller comments the foul winged animal to be a ?Prophet? also, a ?Thing of Evil?. The storyteller's last confirmation is that his spirit is caught underneath the raven's shadow and will be lifted Nevermore. In the sonnet, ?Annabel Lee?, the storyteller (still anonymous) grieves the loss of HIS better half, Annabel Lee. Be that as it may, this sonnet has no fowl. This sonnet has no living animal that removes the narrator?s spouse. This sonnet has blessed messengers. Envious holy messengers. Heavenly attendants that desire to break the youthful love of the storyteller and Annabel Lee. Poe expresses that their affection can never be broken and in death of his better half, the storyteller and Annabel Lee are still laced by the spirit. They met by the side of the ocean and their Annabel Lee was covered in her tomb.

How to Out-Compete Your Competition

How to Out-Compete Your Competition The former CEO of General Electric, Jack Welch, once said, “if you don’t have a competitive advantage, don’t compete”. It essentially means that if you don’t have a strategy to beat the competition, you probably shouldn’t be in the business in the first place.But how can your business out-compete competition when the business world is such a tough place to survive? Much of it is about understanding the competitive threats and overcoming them. This guide will look at the strategies your business can use to compete and to learn faster than your competition. © Shutterstock.com | alphaspiritIn particular, you will 1) understand the key competitive threats, learn about 2) the best ways to stay ahead of the competition, and 3) how to speed up the learning curve.UNDERSTAND THE KEY COMPETITIVE THREATSThe first step to take in your effort to out-compete competition has to do with analysing the threats. You cannot expect to create a sound strategy to out-compete, if you don’t know what you are competing against.It is therefore essential to analyse who your competition is and what makes them hard to beat. This will allow you to draw the right strategies and tools for overcoming the challenge. Keep in mind the threats aren’t a reason your competitors are better than you, but more the obstacles you need to overcome or do differently with your business.The competitive threats will depend slightly on the type of business you have, as well as the industry you operate in. If you are a small business or a start-up, then it is easy to feel helpless against the so-called big guys.Let’s look at how the ‘big guys’ typically aim to win against smaller companies.Better resources â€" The biggest advantage big companies have is the amount and accessibility of resources. An established business can have its finances in much stable order and it’s likely to have more connections for further financial support. Resources mean the bigger companies can have bigger inventories and thus respond faster to customer enquiries. But vast resources also make it easier to run the day-to-day operations, as bigger companies have an advantage in terms of pure manpower. This can have an effect on things such as customer service. Whereas smaller firms might not be able to respond to customers outside office hours, big corporations can often set up a 24/7-customer service without huge costs.Better product and service â€" The enhanced access to resources can also improve the company product and service development. This can end up creating better products, as well as improving the standards of service. Better product and service is also a benefit established companies enjoy. Even smaller companies that have been in the business for a long time would have gained information on the market much more than a newly established company. Established connections and years of hands-on experience can be a big competitive advantage.Lower prices â€" Product and service prices are one of the biggest influencers for consumer decisions. Therefore, getting the price right and typically to the lower end of the scale is better for business success. For the above reasons, big businesses are often able to keep prices lower and therefore, have a competitive advantage over new and small companies. The reason big companies can keep prices low is mainly down to scale. Because the companies have vast resources available, they can cut costs by holding on to bigger stock, for example. They also have more money available for marketing, which can help ke ep the product price low.All of the above points out to the economy of scale and scope. Economies of scale for a company mean reductions in the average cost, which is possible by increasing the scale of production of this product. Economies of scope, on the other hand, can lower the average costs by producing more products in total. Achieving both of these economies is typically easier the bigger the business.BEST WAYS TO STAY AHEAD OF THE COMPETITIONThe above doesn’t mean small and new businesses can’t ever out-compete competition. Businesses in all industries and of all sizes can compete against other companies, if they have a clear strategy to do so.Below are some of the best strategies companies can use to stay ahead of their competition.Develop and promote your brandSince no two businesses are the same, your business must define what it stands for to ensure customers see the difference clearly. Branding your business is essential for success because it outlines the vision a nd the values your company has.In order to talk to your customers and to carve a market share for your business, you need to be distinctive. Not everyone in the world is going to love you, but you need to clearly define the reasons big parts of customers should. You need to brand your business well, so that customers have a reason to stop and think twice about opting for your competitor.Big part of branding deals with promoting your unique selling point (USP). Clearly define what sets your company apart and continuously promote this USP to the world. Many companies seem to think their USP is something they only should know. But USP isn’t about tricking the customer to shop with you â€" it is about differentiating your business from the rest.Overall, companies that are actively involved with their community will gain competitive advantage. Be part of local events, stay active on social media and share your expertise in the media, as well as the blogosphere. Learn about your competi tion and your customerYou also need to do a lot of learning in order to out-compete. As mentioned above, it is vital to know and understand what the competition is. You need to know specific details of why some consumers choose your competitors and what they use as their USP. This information is not important so you could copy their business, but rather to see what improvements you could do in yours. It can also help you spot the areas your competitors are overlooking.But you cannot only focus on studying your competition; you also need to learn about the customers. Customer expectations and needs are fluid and you must regularly keep an eye on them. For example, a change in economic conditions might mean customers are more interested in lower prices or quality products rather than flexibility.Success stories within your industry and indeed from other industries can often teach you a lot about viable strategies. Furthermore, you should also study the failures of your competitors to learn from these mistakes and to avoid them in your business.When you are researching competition and your customer, try to keep an open mind. There could be new markets available for your business elsewhere or there might be a gap, your company can fill.Customer needs and preferences in different regions can provide valuable insights for your business. Perhaps you can expand your business to new markets either online or abroad. Diversifying into new areas can be a great way to compete with other businesses.Compete with anything but the priceYou can essentially focus on three key areas with your product or service and out-compete your competition. These are:PriceQualityServiceFor many start-ups and small businesses competing against the price of a product or service can be quite difficult because of the lack of resources. Yet, most new companies often find the price the easiest way to compete.While there’s no reason you can’t compete with the price, you must be careful with this approach. This is because most start-ups fail because the finances are just not there. Companies charge less and while customers might come in, the revenue is at an unsustainable level.The best option is to compete with anything but the price. Focus on creating a higher quality product or service, create the best customer shopping experience or establish a proper customer service culture.Saturated markets make competing on price harder and there are going to be ‘big guys’ that can absorb lower costs. But saturated markets don’t mean you can’t carve yourself a big chunk of the revenue by focusing on your own niche and the USP.Focus on customer serviceNew and small businesses should definitely put customer service at the core of the business. The digital revolution has not meant that customer interactions aren’t essential, even though face-to-face communication has become more limited for many businesses. In fact, customer service is even more vital in today’s business wo rld.Furthermore, a smile doesn’t cost a thing, right? If you create a customer first-attitude with the aim of smoothening customer experience and going the extra mile, your business will quickly become trusted and loved.You need to be in-tune with your local community and your customers. Listen to them and take their advice on board, as it can enhance the way you serve your community. If you can make customers feel special and welcomed, a higher price won’t stop customers from doing business with you.Don’t stop with your customers and community either. You also want to ensure you are the best employer in the industry. Having motivated and skilled staff will provide benefits for your customers. Furthermore, your business will grow by attracting the right kind of people to work with you.Reward people for doing business with youYou need to be able to reward and excite your customers. This often means being more innovative. Innovation can create a buzz around your company and regu lar rewards give customers a deeper sense of appreciation.If you are launching a new product or opening a new store, make sure you make the event more special. It could have giveaways and other such competitions and you could team up with other local businesses.Rewards are a big part of out-competing your competition, as they ensure your customers have extra incentive to continue shopping with you. Just look at all the big supermarket chains and coffee shops, for example. They run loyalty schemes that ensure the customers are incentivized to keep coming back. Small businesses should definitely aim for the same.Loyalty schemes, when organized properly, don’t cost that much and can provide more gains to the business. It’s also a good idea to consider teaming up with local businesses for rewards and promotions. For example, you could offer customers in your bookshop the chance to get a pedicure at the local spa, while the spa could advertise and even stock some of your specialty bo oks on relaxing and wellbeing.HOW TO SPEED UP THE LEARNING CURVE?The above strategies are all great for out-competing businesses in any industry. But anyone who has worked in the business world knows, implementing the winning strategies isn’t always straightforward. Each business in your industry will be looking over their shoulders, trying to find the magic ingredient for staying ahead.The best way to guarantee you out-compete your competition is by learning faster than your competition. If you can master the above strategies and learn the winning tactics quicker than your competition, you’ll end up on top.But how can you speed up the learning curve when it comes to business?Create a database of your customersGetting new customers makes learning harder and it costs more than attaining old ones. A clever business focuses on the customers they already have and learns from them, in order to grow the customer base.Instead of focusing solely on sales, you want to focus on creating l asting relationships. If your customers keep coming back, the sales numbers will also follow.If you want to learn about the things your business is doing right and the things it is failing in, listen to your customers. Create a proper customer database and measure different metrics of customer behavior. Which promotions make your customers shop more? What are the biggest complaints for customer service? What is the rate of return for shoppers?By understanding your customers better through a strong customer database, you can innovate accordingly and focus on the strengths while improving your weak points.Don’t get stuck with what others are doingThe only business you truly need to be concerned about is the one you are running. Getting your business to succeed has nothing to with the competition you are faced with. As Steve Blank, tech entrepreneur from Silicon Valley, said in an Entrepreneur article, “The only people who can put startups out of business in the first 18 months are themselves”. You must get your business to run smoothly and to ensure your business plan is viable. Your company needs to have its own business values, strategies and USP â€" being stuck with what others are doing won’t lead to business success. Each business will do things differently because no two businesses are alike.It isn’t to say that understanding your competitors isn’t important. It is crucial, but you cannot create a business plan solely around what others are doing. Copying another strategy or approach will quickly get your business into trouble. On the other hand, learning from others won’t.Furthermore, the point was wonderfully illustrated by Olivier Poirier-Leroy, former national level swimmer, who wrote that swimmers who focus on the process end up swimming faster than swimmers focused on results. If you are looking over your shoulder and only thinking about beating your competition, the task can overwhelm you. If you look at your business only in compariso n with the competition, success might seem like a far away dream.On the other hand, if you focus on what you are doing, implement your strategy well, then the results will follow.Collaborate and co-operate with other companiesInformation can ease your learning process and one of the best ways to gain knowledge is by collaborating with other businesses. As mentioned above, it’s a good idea to seek companies within your community and team up against the ‘big guys’.Collaborating isn’t only great for marketing your business; it can also help you understand your market potential better. If a specific collaboration works well, you can analyze what made it so fruitful. Perhaps there is a market out there you haven’t considered before and by co-operating with the community you end up finding it.In addition, you also want to use your customers to your advantage. Loyal customers can have a huge impact in attracting more customers to your business. We’ve all heard about the power o f social media and online reviews, but you must put this information to good use as well.Learn about your competitors’ changes in strategy, product or serviceAs pointed out earlier, while you don’t want to copy your competition, you still need to learn from their strategy. By analyzing the product and service, you can find the company’s USP and compare how it differs from yours. It can help you to differentiate yourself further and point out to customers the benefits of choosing you over your competitors.Learning from and scrutinizing competitors’ strategy, product or service becomes even more vital as you gain bigger market share. When you’ll become the top dog, so to speak, your competitors will want to out-compete you. At this moment, it can benefit you greatly, if you understand what the competitors are aiming to do better than you.But it must be stressed here you still don’t want to focus solely on your competitors’ strategy. If your customers are convinced by you r USP, then continue improving your product through in-house innovation and focus on customer needs rather than what other companies are doing.THE BOTTOM LINEThe business world can be quite a dog-eat-dog world and competing against your competitors will be a part of business success. But the best way to gain competitive advantage is to stay ahead of your competition by focusing on fine-tuning your own business.If you define your market well and find the right USP to attract customers, you can carve out a market presence even in the toughest of industries. Creating a solid business strategy to out-compete means you need to learn faster than your competition and turn their weaknesses into your strengths.

Racism And Yik Yak Improving Education - 2547 Words

Racism and Yik Yak: Improving Education to Curb Social Media’s Prejudice â€Å"We live in two worlds here. The White world and the Black world. And we have to change to accommodate those worlds. My speech even changes† (Hughes). Black students are not abnormal or inferior, but they often feel as if they are while attending Predominantly White Institutions. Robin L. Hughes, an assistant professor, conducted a survey in 2002 at Lone Star University, a Predominantly White Institution (PWI) in the South. This study examined the effects that the racial climate has on both black and white students attending Lone Star University. Hughes found that while the students attended the same university, the students’ perceptions of the university differed. This survey taken in 2002 captured the idea that minority students are at a disadvantage while attending PWI’s and this idea continues to ring true today. Because of social media’s presence on college campuses, racism is brought to the forefront with students turning to anonymous social media apps such as Yik Yak exclaiming that white privilege doesn’t exist, or asking why black people can’t be themselves, believing that the problem with finding one’s identity is a personal problem rather than a societal problem. Yet they ask questions not looking for someone to educate them, but for someone to agree with them, and this in itself fosters a racial divide. But everyone has the right to free speech and we should let it go, right? We can sayShow MoreRelatedThe International Journal Of Intercultural Relations1530 Words   |  7 PagesModern racism is not always so easy to identify, even in the smaller context of the UC campus. It has many sub-categories. It can be intrinsic, extrinsic, real likes and dislikes, familiar and unfamiliar, symbolic, tokenism, arms-length, red-neck and so much more. Each of these attitudes have different causes like fear, distaste and racial arr ogance. These different types of racism also have different modes of expression which can include positive social interactions with diverse individuals. (Baldwin

The Conservation Of Energy Lab Essay - 1158 Words

Introduction: For the conservation of energy lab three experiments were performed. Terrestrial Gravitation Acceleration, First Law of Thermodynamics and Centripetal Acceleration vs. First Law of Thermodynamics. Each of the experiments demonstrated the importance of the first law of thermodynamic and how its present on our daily lives. Therefore, reinforcing the importance of thermodynamics concepts and their role in our society. Objectives: Experiment A: Terrestrial Gravitational Acceleration The main objective of experiment A, was to measure the gravitational acceleration of earth upon between two distinct masses; and to measure and record time and mass in order to calculate an experimental value for gravity. Experiment B: First Law of Thermodynamics The main objective was to demonstrate the first law of thermodynamics which states that energy cannot be destroyed or created, therefore, it has to be conserved in one form or another during a thermodynamic process. For this reason, two traveling cars were used along a low slope slide to harness gravitational potential energy between two points and see it transformed into kinetic energy. Experiment C: Centripetal Acceleration vs. First Law of Thermodynamics The main objective was to find the minimum height required for the travelling car to complete the loop track successfully by thermodynamics forces of conservation of energy and centripetal acceleration. Moreover, the minimum height also had to satisfy anShow MoreRelatedConservation of Energy Lab Essay1536 Words   |  7 PagesFREE FALL AND CONSERVATION OF MECHANICAL ENERGY ABSTRACT Free fall is defined as the ideal falling motion of an object that is subject only to the earth’s gravitational field. To prove the law of conservation of energy, the free fall motion of an object can be represented through 3 different analyses; position of the object vs. time, velocity of the object vs. time, and acceleration of the object vs. time. 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In accordance to the Law of Conservation the mass of the wood does not change after it is burned, itRead MoreLab Report On The Law Of Conservation Of Momentum1483 Words   |  6 PagesMMAN1300 Dynamics Lab Report 1 Made By: Krimil Patel Student number: z5076441 S2-2015 Impulse-momentum lab Tables of Content Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Pg-3 Theory†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Pg-4 Apparatus†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Pg-6 Method†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Pg-7 Sample Calculations†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Pg-8 Results†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Pg-10 Discussion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Pg-11 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦

Auto Industry Free Essays

Founded on June 6, 1925 by Walter P. Chrysler, this American automobile manufacturer had existed on between the year 1925 and 1998 and was named as the Chrysler Corporation. The corporation was born from the residuals of the Maxwell Motor Company. We will write a custom essay sample on Auto Industry or any similar topic only for you Order Now The first Chrysler automobile was made in the month of January of the year 1924 when Walter Chrysler made a rescue job for the Willys car company during the early 1920s. At an affordable price that the consumer might expect upon this 6-cylinder Chrysler automobile, with an advanced and being a well-engineered car, triggered the beginning of the Chrysler Corporation. In 1926, the Maxwell Company had been rebranded and re-engineered under the name Chrysler and Walter Chrysler as the president (Answers). In 1979, the Chrysler Corporation seemed to be in the midst of bankruptcy. A gas crisis occurred during the year 1973, a great challenged the Chrysler Corporation must face. Also, the corporation’s redesigned ponycars doesn’t seem to catch the attention of the buyers. During these years also is the declination of the sales of the large-car and were also the times where the Barracude and the Dodge Challenger end were spotted. This was really a hard time for the corporation. In 1977, one of the company’s branches abroad, the Chrysler Europe collapsed. A hope retained when the Chrysler Australia was sold to Mitsubishi Motors where money on hand is really a great help. Right before the Chrysler Corporation had fully recovered, the second gas crisis strikes again bringing disaster lowering the sales of the large cars and trucks of the Chrysler Corporation. At this moment of time, there would be no backbone to support the company that can save them the second time around. The Chrysler Corporation had made a petition for a loan of US $1. 5 billion in the US government. This may be the best thing to do for the corporation not to reach its bankruptcy. That loan had guaranteed the avoidance of the corporation to bankruptcy and then the Chrysler Corporation went back to the automobile business creating innovative models such as the K-car platform and the minivan concept and fights its way back (Answers). The present General Manager and CEO of the Chrysler Corporation is Tom Lasorda. The DaimlerChrysler call out for the sale of the Chrysler to the prospected buyer. The Canada’s Magna Corporation, together with â€Å"a private equity partner† which seems to be The Blackstone Group LP, offered an amount of $4. 6 billion for the Chrysler from the DainlerChrysler. The General Motors also showed an interest upon buying the Chrysler. In addition, Ford and Toyota are also found on the rumors as a suitor of the Chrysler. Analysts point out that Ford is out of the play because they will have to sell first their Aston Martin to get the amount of money. Toyota also is out of the floor for the reason that buying the Chrysler would cost them more millions of bucks than creating a new one. And lately, another buyer came up. Billionaire Kerkorian made an offer of cash amounting to $4. 5 billion to buy the Chrysler (Leftlanenews). If the Chrysler was sold to General Motors, the GM would be willing to spend cash worth of $18 billion dollars restructuring the Chrysler. Also, if the buyer was other, the first thing that would come up to their mind is the restructuring of the Chrysler itself. Section 2. Bankruptcy of Delphi and other Suppliers of Auto Parts Bankruptcy has also come to threaten even the largest auto parts supplier of the world, the Delphi. There is a net loss of Delphi on the first six months of this year amounting to $741 million. Of the last year, Delphi also had a net loss of $4. 8 billion. The company’s stocks have been put to on a downgraded junk status. This big loss on the net income of the company was caused by the continuous increase in the fuel prices. In addition to this, there is also a declining share of US automakers in the market that puts up too much pressure on Delphi. In 1999, GM had decided to get rid of Delphi as their major supplier of auto parts. That is for the reason that Delphi was asking for a bailout for the company which would cost the GM an amount reaching to $6 billion. In addition to this, GM would also have other expenses of paying for the medical and pension benefits of the workers of Delphi. Other auto parts supplier had followed the announcing their bankruptcy and has threatened the US auto industry. The effect of this bankruptcy if it happens would initiate destruction of jobs of hundreds of thousands of workers in the auto industry (Isaacs). Section 3. Toyota and other Large Car Manufacturer’s Expansion Toyota together with its successful in the auto industry in the land of the United States of America would probably decide of expanding the company’s market. In November 13, 2006, a news item from the Los Angeles Times states that there is a leaked copy of the â€Å"global master plan† of the Toyota Motor Corporation. In the global master plan, there states that by 2010, Toyota will takeover the No. 1 selling spot in the auto industry which was owned by General Motors at this time. Also included on the global master plan was the aim for the 15 percent target of the company on the world car market by the year 2010 (Channel). Toyota Motor Corporation would plunge to Russia, India, China and Brazil markets as confirmed by the company. Their reason; helping in the rapid global expansion of fuel. Together with their expansion on the other part of the world, with their quest of being the â€Å"King of the Car World†, are the auto suppliers clinging to their wheels on their way there. It is simply for the reason that, in the place where the big consumer (of auto supplies) is (Toyota and other car manufacturers), there would be the presence of the suppliers that will feed their needs. References Answers. â€Å"Chrysler†. 2007. April 8 2007. http://www. answers. com/topic/chrysler-301. Channel, The Auto. â€Å"Leaked: Toyota’s â€Å"Global Master Plan† Calls for 15 Percent Worldwide Share by 2010†³. 2006. April 9 2007. http://www. theautochannel. com/news/2006/11/13/028446. html. Isaacs, Jerry. â€Å"Delphi Demands Unprecedented Wage Cuts from Us Auto Workers†. 2005. April 9 2007. http://www. wsws. org/articles/2005/oct2005/delp-o08. shtml. Leftlanenews. â€Å"Billionaire Kerkorian Makes Offer to Buy Chrysler Group†. 2007. April 8 2007. http://www. leftlanenews. com/billionaire-kerkorian-makes-offer-to-buy-chrysler-group. html. How to cite Auto Industry, Essays

Local Economic Development Incentives in the US

Description of the Issue Local economic development incentives constitute essential aspects of urban development economic policies. Such incentives are meant to enhance the development of cities that are considered underdeveloped. The enticements assume different forms. However, the common ones are the policies for providing tax incentives together with improvement of infrastructure (Anderson and Wassmer ‘Bidding for Business 82).Advertising We will write a custom term paper sample on Local Economic Development Incentives in the US specifically for you for only $16.05 $11/page Learn More Government provides enticements for financial development in different ranks starting from home and state echelons to countrywide ranks. Fundamentally, economic incentives refer to the cash and or near-cash aid that is provided by local, state, and/or national government to boost or attract various businesses to operate within a given jurisdiction (Greenbaum 75). T he key goal of offering local financial enticements is to foster progress within certain targeted areas. In return, this strategy helps in employment creation in the underdeveloped cities while also encouraging infrastructural growth to take place in stagnant cities. In the long-term, the plan also generates revenues to states and local governments. Amid these benefits, the issue of whether local economic incentives, which are aimed at fostering urban development in the US, qualify as a cost-effective mechanism of inducing economic growth in the underdeveloped urban areas is relevant to public policy developers. Importance of the Issue The effectiveness of local economic development is an important issue facing many metropolitan areas in the US. For instance, ensuring distribution of various businesses within all metropolitan areas and/or retaining economic activities without negating the attraction of new business is of paramount importance to both suburbs and cities in the US (Rub in and Rubin 38). The significance of these concerns is akin to the relationships between unemployment, flourishing of crime, deterioration of metropolitan areas infrastructure, and economic development. Success stories in retention and fostering of growth of the existing businesses within metropolitan areas together with attraction of new economic activities provide solutions to some of these challenges, such as a reduction of crime rates by providing employment (Anderson and Wassmer ‘Local development incentives’ 109). Consequently, cost-effectiveness of local economic development incentives that are offered to metropolitan areas such as Detroit is crucial in speeding the process of improving the livelihoods and security amongst metropolitan urban populations.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Background of the Issue The challenges of inducing development i n metropolitan cities in the US date back to 1936 when Mississippi became the first state to develop policies for encouraging industrial development by private stakeholders. Such public policies were sanctioned by the state that deployed industrial development bonds to achieve this endeavor. Since then, many states and local governments deploy economic incentives such as â€Å"IBDs, tax exemptions, TIFAs, enterprise zones (EZ), general obligation bonds, and local manufacturing revenue bonds among others† (Bradshaw and Blakely 235). The issue is whether these incentives are cost-effective in achieving their desired outcomes. The above issue has attracted criticism and support from different economic scholars. For instance, Peters and Fisher claim that such incentives need to be scrapped since subsidization of new investments has the implication of attracting immigrants who take up jobs, thus leaving the local residents unemployed. In contrast, Wassmer and Anderson hold that ev en though this case may occur, local residents are absorbed in the new jobs. The Nature of the Problem presented by the Issue Although the local governments are given the freedom to offer local economic development incentives, the problem of cost-effectiveness of the local financial growth incentives is important to the states and even the national government. Indeed, the problems that such enticements are meant to solve, for instance, unemployment and poverty, are major interests for national government. State governments have the mandate to oversee resolution of such problems within states on behalf of the national government. Future Trends Relative to the Issue The concern for inducing urban development through local economic policies remains significant currently and even in the future. For instance, the Toowoomba Regional Council is currently offering discounts on infrastructure charges to induce industrial development in local townships. This goal is accomplished through †Å"temporary economic development for district township incentive policy and temporary urban consolidation incentive policy† (Toowoomba Regional Council Para.2). Although these incentives are crucial, issue of whether they qualify as cost-effective mechanisms of inducing a reduction of poverty levels by boosting employment levels within the local metropolitan areas remains important in the development and implementation of the two policies. Current Policies/Practices taken to address the Issue Incentives for enhancing investments in cities that are considered underdeveloped are central to the local economic development policies in the US since the 1970s. Urban regions have disputes of disproportionate allocation of different financial tasks, thus creating â€Å"labor market issue of a spatial mismatch between low-skilled employees residing in central cities and inner suburbs and the potential employers who are located increasingly further in urban areas† (Anderson and Wa ssmer ‘Local development incentives’ 14).Advertising We will write a custom term paper sample on Local Economic Development Incentives in the US specifically for you for only $16.05 $11/page Learn More In the effort to resolve this problem, policymakers embark on development of incentives that will make people change their business location decisions. Such incentives include tax pardon, setting up zones and authorities for developments, TIFAs, and IDBs (industrial development bonds), among others (Greenbaum 77). While the main goal of the policies is reducing business capital costs for a particular jurisdiction that is targeted by the local economic development incentives, employment opportunity comprises an accruing benefit that is anticipated from local government expenditure on such incentives. Desired Policies/Practices to address the Issue Desired policies need to produce positive effects in terms of resolving the challenges encountere d by dwellers of metropolitan cities that were traditionally perceived as underdeveloped. The main challenge is whether the benefits arising from investments in local economic development incentives, for instance, the magnitude of employment generated, measure up to the cost of the incentives. In fact, states grant their local governments the freedom to issue incentives for economic development. The move implies foregoing revenues that are derived from local taxes in exchange with higher employment and business capital (Greenbaum 78). The cost of local economic development incentives is only effective when local development incentives facilitate the redirection of employment and other benefits to urban areas where such employment levels and benefits are impossible to achieve without incentives. Any policy that does not achieve this concern is undesired and/or fails to justify any forgone revenue by local governments. In fact, it is undesired for an incentive to make communities dish out their revenue to business recipients without a corresponding gain (Peters and Fisher 36). This claim suggests that where such an approach encompasses the methodology deployed by communities to express their competitive advantage in terms of generation of employment together with capital as it may apply to metropolitan areas, communities need to interrogate whether such a policy amounts to a beneficial public strategy.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Cost of Financing the desired Policies The desired policies discussed above do not advocate for alteration of the current approaches for enhancing local development within the metropolitan area in the US. Rather, the concern is on whether the current policies achieve the chief purpose for developing local economic development policies: rejuvenating employment opportunities and enhancing the availability of capital. Therefore, achieving the desired policy requires evaluation and monitoring of incentives that are offered by local governments in terms of the level of achievement of the intended outcomes. This process involves no additional costs apart from the cost for hiring personnel to monitor and/or control the implementation of the current policies. Recommendations Local economic development incentives are important in enhancing the development of local urban areas that are traditionally considered underdeveloped. Such incentives are achieved at the expense of the local community revenues. Thus, cost-benefit analysis of decisions on mechanisms of funding the incentives need to produce more benefits in comparison with the cost of the incentives to be justified in terms of achieving their anticipated outcomes. It is recommended that local governments need to conduct a cost-benefit analysis before issuance of local economic development incentives to ensure investment of local communities’ revenues in ways that foster economic development corresponding to the accrued costs. Conclusion Local economic development incentives enhance the development in urban areas that have high rates of unemployment. This goal is achieved by using the incentives to attract and retain business in the effort to boost employment levels. The general concession is that increment of employment reduces poverty levels, hence raising the overall wellbeing of communities. This justifies funding local economic development incentives in the US using local government revenues generated f rom communities. A prevalent issue surrounding investments of local government revenues in local economic development incentives is whether they are the most cost-effective mechanisms of inducing the development of metropolitan. In a bid to offer a response to this query, cost-benefit analysis for the investments of local government revenue in local economic development incentives is important. Summary National administration, states’ governments, and local governments in the US provide development incentives for metropolitan cities in varying levels, although with a similar purpose. Incentives are meant to foster economic development in urban areas that have low employment levels and poor infrastructural development with the objective of raising the living standards of communities living in such places. In return, the governments anticipate gaining revenue growth from such areas (Greenbaum 75). This concern gives rise to the issue of whether the costs of financing local econ omic development incentives are justified by the resulting benefits. Revenues generated from taxation of communities by local governments fund local economic development incentives. This suggests that the incentives must realize outcomes that correspond with the benefits forgone by the local communities. Consequently, the effectiveness of local economic development incentives for booting development of underdeveloped urban areas constitutes an important issue of public interest. Local communities are interested in acquiring solutions to challenges such as the reduction of crime rates and increased employment levels in underdeveloped urban areas (Anderson and Wassmer ‘Local development incentives’ 109). Local economic development policies can only provide solutions to these challenges if they provide more benefits compared to the cost incurred to generate the solutions. The issue of the effectiveness of local economic development incentives began to attract public intere st as early as 1936 when Mississippi became the first state to develop policies for the provision of incentives for metropolitan city development. Beginning in the 1970s, many states developed similar policies with the intention of fostering redistribution of employment opportunities within states and local government areas of jurisdiction. Such incentives include â€Å"tax exemptions, TIFAs, enterprise zones (EZ), general obligation bonds, and local manufacturing revenue bonds and IBDs† (Bradshaw and Blakely 235). Currently, local governments in the US have the freedom to issue incentives that can foster development of underdeveloped urban areas. For instance, in 2014, the Toowoomba Regional Council has developed policies for providing incentives for industrial development in Toowoomba Township. Policies like the ones developed by Toowoomba regional council are effective in the extent that they result in resolving the challenges of unemployment and other problems within the local areas that have low industrial development in the long-term. The claim here is that mere industrial development without absorption of a large number of unemployed people within Toowoomba is of no significant help to the people of the townships located in the township. It also amounts to deprival of benefits to the residents that could have been acquired if the revenues used to finance the incentives are spent on other issues of community benefit. Subsidization of investments within the townships will attract industrial inventors. However, the local economic development policies are undesired in case such investors come with their own employees even if the local government will get more revenue. To ensure that local economic development policies achieve their desired outcomes, their analysis from the context of cost-benefits analysis in terms of their value to the local communities is important. This suggests that monitoring and evaluation of local economic development policies are incredibly important to ensure their outcome are of benefit to the community that is undergoing opportunity cost when local government revenue is deployed to fund the incentives. In case the results of cost-benefit analysis reveal that certain local economic development incentives may not directly address the problems of people living within local governments’ urban areas, they are unjustified amid the increased collected revenues. Works Cited Anderson, Edwin and Robert Wassmer. Bidding for Business: The Efficacy of Local Economic Development Incentives in a Metropolitan Area. Peter Pauper Press, California, 2000. Print. Anderson, John and Robert Wassmer. Local development incentives in the United States. Kalamazoo, MI: Upjohn Institute for Employment Research, 2005. Print. Bradshaw, Ted and Edward Blakely. â€Å"What are ‘Third-Wave’ State Economic Development Efforts? From Incentives to Industrial Policy.† Economic Development Quarterly 13.3(1999): 229-244. Print. Greenbaum, Robert. â€Å"Selecting the right site: Where do states locate place-based economic development programs?† National Tax Association Proceedings: Ninety-Third Annual Conference on Taxation 5.2(2006): 74-82. Print. Peters, Alan and Peter Fisher. â€Å"The Failures of Economic Development Incentives.† Journal of the American Planning Association 70.1(2004): 27-37. Print. Rubin, Irene and Herbert Rubin. â€Å"Economic Development Incentives: The Poor (Cities) Pay more.† Urban Affairs Review September 23.3(2007): 37-62. Print. Toowoomba Regional Council. Economic Development Incentives Policies, 2014. Web. This term paper on Local Economic Development Incentives in the US was written and submitted by user Jordan Jefferson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.