How to Tell Your Parents Youre Failing a College Class

Although there are things you can do if youre failing a college class—or even if youve already failed it—breaking the news to your parents is an entirely different problem. Chances are, your parents are going to want to see your grades from time to time (translation: every semester), especially if theyre paying for your tuition. Consequently, bringing home a nice fat F probably wasnt on your list of things to do this semester. Given that no one is going to be happy about the situation, the best approach can be a basic one: Be honest, be positive, and be sincere. Tell Your Parents the Truth About Your Grades Be honest about the grade. What is it? A D? An F? Its better to only have this conversation once. Mom, Im going to be getting an F in Organic Chemistry is way better than Mom, I think Im not doing so well in Organic Chemistry followed a few minutes later by Well, Ive failed most of the exams followed by Yeah, Im pretty sure Im getting an F but Im not totally sure—yet. At this point in your life, you undoubtedly know that parents deal better with getting bad news that can improve later than getting kinda bad news that gets worse later. So just be honest about your grade. What is it? What part of the equation is your fault (not studying enough, spending too much time socializing, etc.)? Own up to the situation and the responsibility. Honesty may be a bit uncomfortable, but it is undoubtedly the best policy in situations like this. Tell Your Parents How You Plan to Move Forward Present the situation as real—but also as a growth and learning opportunity for you. Okay, so you failed a class. What did you learn? That you need to manage your time better? That you spent too much time just hanging out with people? That you need to take fewer units? That you need to be less involved with clubs? That you need to cut back on your work hours? Let your parents know what youre going to do differently next semester so that this wont happen again. (Because really, who wants to have this conversation again?!) Mom, I failed Organic Chemistry. Looking back, I think its because I didnt spend enough time in the lab/didnt balance my time well/was too distracted by all the fun things going on on campus, so next semester Im planning on joining a study group/using a better time management system/cutting down on my co-curricular involvement. Additionally, let your parents know what your options are in as positive a light as possible. They most likely will want to know, What does this mean? Are you on academic probation? Able to keep up with your other courses? Not able to stay in your major? Be prepared for how you can move forward. Let your parents know what your academic situation is. Talk to your adviser about what your options are. Mom, I failed Organic Chemistry, but I talked to my adviser since I knew I was struggling. Our plan is to have me try it one more time next semester  when its offered, but this time Ill join a study group and go to the tutoring center at least once a week. Be Sincere About Your Next Steps You may think youre a pretty good liar, but parents can smell dishonesty from a mile away. You know it, and they know. So be sincere about what youre saying to them. Did you just goof up and learn a lesson about how important it is to go to class? Then tell them that instead of trying to blame it on a bad professor or lab partner. Also, be sincere about where youre going from here. If you dont know, thats okay, too—as long as youre exploring your options. Conversely, be sincere when you listen to what they have to say. They arent likely to be happy about your failed class, but they probably have your best interest at heart.

What are the Political Axes - 565 Words

Freedom and Authority 1. In your own words, what do the two axes of Political Compass represent? There are many approaches to the political spectrum, one of which involves two-dimensional model of Political Compass, which explores the view of a person divided by two aspects social (Authoritarian and Libertarian) and economic (Left and Right view). The model is represented by two axes which divided the politics into four main areas. The relationship is strong between freedom and authority as in some cases and instances authority defines freedom in either absolute or minimum. The Political Compass took into consideration economic view which is sometimes the easiest way to define somebody’s dependence on the system and therefore the individual’s freedom to act. The Political Compass are decided by the two axes of: a. The Left-Right axis Taking on the economic approach Right and Left one can distinguish major debates and differences that distinguish people categorizing them along the line of those two extremes which divides power to individual or all power to the State. It is reasonable to say that the Left is defined in desire for an economy to be run and manipulated by solely the state. It is believed that it is the State’s responsibility to ensure welfare for people through planning and implementing, a trade-unionist and communist would be considered Left ideology where all are equal. Left is understood to also believe in social equality and support for those inShow MoreRelated Last of the Mohicans Essay1144 Words   |  5 Pageswould rush in with axes and knives, then fall back. This strategy would allow just a few Indians to take out a relatively large number of English. 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Legal Forms of Business in Sri Lanka Free Essays

Introduction A business also called a company, enterprise or firm is a legally recognized organization, designed to provide goods and services to consumers. According to the purpose of the business, ownership of the business and nature of economic contribution of the business; the business can fall into one of the three standard sectors. There are; private sector, public sector and nonprofit sector. We will write a custom essay sample on Legal Forms of Business in Sri Lanka or any similar topic only for you Order Now The part of the economy concerned with providing basic government services is called public sector. In most countries the public sector includes such services as the military, public transit, primary education and healthcare. Their aim is to give service to the people and less emphasis is made on profit making. Public cooperation is the widely known type of public sector business entity. The non-profit sector is derived with organizations that do not distribute their surplus funds to owners or shareholders, but instead use them to help pursue their goals. Examples include charitable organizations, trade unions, and public arts organizations. In private sector, businesses are financed and controlled by individuals or private institutions, such as companies, stockholders, or investment groups. These businesses run for private profit and they are not controlled by the state or the government. There are many types of business entities defined in the private sector and authorized by the legal systems of various countries. These legal forms of business include; †¢ Sole Proprietorship †¢ Partnership (General Partnership, Limited Partnership and Joint Venture) †¢ Corporation (C Corporation and S Corporation) †¢ Limited Liability Company (Private and Public) These legal forms have been derived according to their Source of the capital, Value of capital investment, Nature of ownership, Number of owners, Nature of liability and many other factors. Each legal form has its own advantages as well as disadvantages. When making a decision about the type of business to form, there are several criteria you need to evaluate based on advantages and disadvantages of above mentioned legal forms. The most important fact is cost of formation of the business and cost of ongoing administration. This includes cost of record-keeping and paperwork, as well as the costs associated with administrative requirements. Legal liability is the next thing to be considered and it defines to what extent the owner need to be insulated from legal liability. Based on the individual situation and goals of the business owner, he has to consider what the available tax implications are because it is also an important factor. Finally the owner has to think about the future needs and whether the legal forms support flexibility feature. Sri Lanka Company Act, No. 7 of 2007 and Company Act, No. 17 of 1982 have defined Sri Lanka legal forms of organizations, which can be the choices for Sri Lankan business community when forming a new business. Legal Forms of business in Sri Lanka include; †¢ Sole Proprietorship †¢ Limited Liability Company (Private and Public) †¢ General Partnership Sole Proprietorship A sole proprietorship also known as a sole trader is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. Sole proprietorships are forms of business ownership that mingle the owner’s rights, liabilities and responsibilities with the business’ rights, liabilities and responsibilities. Regardless of the state of the business, the procedures we need to follow to form a sole proprietorship are fairly simple, and do not even require an attorney, accountant, or business consultant. There are no legal requirements for establishing a sole proprietorship, other than obtaining the necessary local business license and permit. As the sole proprietor, owner has the full control and responsibility for the business and its operation and he makes all the decisions. With this type of business entity, owner has complete freedom over operating the business, because he is responsible for all transactions and activities occur in the business. All assets of the business are owned by the owner and all profits and all losses accrue to him. He is personally responsible for all debts of the business and must pay them from his personal resources. This means that the owner has unlimited personal liability for the business. Also, owner is less burdened by government restrictions and control, and he has less to do in terms of reporting and taxes. The main advantage of a sole proprietorship is that they are easy to start up and to close. The reason is, they are less expensive and also subject to fewer regulations compared to other types of businesses. Since the owner has full autonomy with regard to business decisions, sole proprietorship businesses are easy and inexpensive to discontinue. The second advantage is that the owner can take all the profits of the business and there is no profit sharing. This may be the most significant motivation for most businesses to become sole proprietorship type. At the same time, all losses accrue to the owner and he does not have the tension regarding conflicts among the partners as there are no partners. In sole proprietorship business type, the owner of the organization pays self employment taxes on the profits made. It makes tax filing much simpler and hence this can be considered as another advantage for sole proprietorship business type. Since this is not a corporation; it does not pay corporate taxes. The remarkable disadvantage of the sole proprietorship is that the sole trader will likely have a hard time with raising capital since he has to make up for all the business’s funds. He may have to use his own money or personal loan for the business. The next disadvantage is; the owner of the business has unlimited liability as he is responsible for the business’s debts. As the business grows, the risks accompanying the business also tend to grow, and if the business is sued, owner and his personal assets are at risk. Sole proprietorship business type is very prominent in Sri Lanka, may be because form of the business is very straightforward. As a third world country with low rate of individual income, starting up a business with low capital is a very convenient factor for any Sri Lankan business person who is thinking of having an own business. There several home based business running in Sri Lanka such as; groceries, stationary shops, pharmacies, fashion stores and they can be categorized as sole proprietorship business, because they are owned by single person. Freelance writers, copy editors, photographers and craftspeople also have chosen to run their businesses as a sole proprietorship. Sri Lankan government has identified the importance of sole proprietorship businesses, in terms of their contribution to the country’s development. So the government is encouraging this business community, to develop their businesses, by providing necessary financial aids, resources, equipment and guidance. Since Sri Lana is based on an agricultural economy, we can encourage more farmers to form their own sole proprietorship businesses to sell their goods, and this will reduce the terrible effects occurring from the intermediate business people. If farmers can sell their goods directly to consumers, they may be able to get full profit and it will encourage them to develop their business. This will ultimately lead to a high development in Sri Lanka’s economy as well as society. Limited liability Companies (LLC) A Limited Liability Company (LLC) is a type of business organization that combines some aspects of a corporation with those of a sole proprietorship or partnership. The primary characteristic a LLC shares with a corporation is limited liability; that is personal liability of company’s members for the business’s debts is limited. The primary characteristic LLC share with a partnership is the availability of pass-through income taxation; that is LLC is not taxed as a separate entity. Forming a LLC may not be as simple as a sole-proprietorship; however, the process is much less than a corporation. There are two main actions: †¢ Articles of Organization: Have to file articles of organization with the secretary of province and pay the required fees. Articles may be prepared by a lawyer. An LLC business entity may be file as a corporation, partnership or sole proprietorship in terms of tax return. †¢ Operating Agreement: Have to develop an operating agreement which helps to define the company profit sharing, ownership, responsibilities, and ownership changes An LLC may have one or more owners, and may have different classes of owners. If the LLC has a single member, it will be disregarded as separate from its owner, and will be treated as a sole proprietorship or a division of its owner, unless it elects to be taxable as a corporation. An LLC that is filed for taxation as a partnership can achieve both conduit tax treatment and limited liability protection under civil law and a LLC filed for taxation as a partnership does not have the ownership restrictions. An LLC is typically managed by its members, unless the members agree to have a manager handle the LLC’s business affairs. LLCs do not issue stock and are not required to hold annual meetings or keep written minutes. Generally, members of an LLC that are taxed as a partnership may agree to share the profits and losses in any manner. Members of an LLC receive profits and losses in the same manner as shareholders of a corporation. In general, all the owners and members are shielded from individual liability for debts and obligations of the LLC. The main advantage of LLC is that owners of the LLC have the liability protection of a corporation because it exists as a separate entity much like a corporation. Also members do not hold personally liable for debts unless they have signed a personal guarantee, and this is a great relief for all the members. LLC can select varying forms of distribution of profits, unlike a common partnership where the split is 50-50. Hence flexible profit distribution is another advantage of LLC. The LLC business structure requires no corporate minutes or resolutions and is easier to operate. This can be pointed out as the next advantage of LLC. All the LLC business losses, profits, and expenses flow through the company to the individual members. So, it avoids the double taxation of paying corporate tax and individual tax. Generally, this flow through taxation will be a tax advantage. The most significant disadvantage of LLC is the limited life time of business. A LLC is dissolved when a member dies or undergoes bankruptcy whereas corporations can live forever. Business owners with plans to take their company public, or issuing employee shares in the future, may be not best served by choosing a LLC business structure, because going public is bit complicated with LLC. So this can be again a vital disadvantage of LLC structure. Running a sole-proprietorship or partnership will have less paperwork and complexity compared to LLC. So this added complexity also can be pointed out as a disadvantage of LLC structure. There are two major types of companies operating with limited liability status in Sri Lanka. ? Private Limited Companies ? Public Limited Companies Private Limited Companies A Private Limited Company, theoretically also refer to a private company limited by guarantee, is a type of company incorporated under the laws of England in certain Commonwealth countries. Private limited companies are required to have the suffix â€Å"Limited† (often written â€Å"Ltd† or â€Å"Ltd. â€Å") or â€Å"Incorporated† (â€Å"Inc. â€Å") as part of their name. It has shareholders, but its shares may not be offered to the general public. This means that shares are usually sold to family, friends and business contacts. The liability of the shareholders to creditors of the company is limited to the capital originally invested; that is to the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder’s personal assets are thereby protected in the event of the company’s insolvency, but money invested in the company will be lost. Most companies, particularly small companies, are private limited companies. One of the main advantages of Private Limited Company is, they are easy to set up because; the shares are sold among family, friends and business contacts. Limited liability is another advantage of a Private Limited Company. The shareholder’s liability is limited to the value of the shares held by them. If things go wrong for the business, personal assets of a shareholder cannot be used to pay off the debts. Since boards of directors are usually the main share holders, the ownership and the control are closely connected. Therefore decisions can be taken more quickly and this can be pointed out as another advantage. A Private Limited Company has a separate legal existence. This means that properties will be owned by the company itself and all contracts would be signed on its behalf. The directors and secretary can only act as agents. Therefore the company is not dissolved on the resignation, bankruptcy or death of a director which is a vital advantage of Private Limited Company. The company can be dissolved only by winding up, liquidation or order of the Registrar of Companies or by the Court. When we think about advantages, tax benefits of Private Limited Company are also can be considered. The directors of the company are required to pay income tax but the company pays corporation tax on company profits which is one rate of tax only and averages out at much less than if income tax were paid on the profits. Though Private Limited Company has many advantages, there are some disadvantages which often deter small- and medium-sized business owners from setting up private limited companies. Many Private Limited Companies are very profitable. Unfortunately, these profits can become diluted because they must be evenly distributed among all shareholders, and many Private Limited Companies have up to 50 shareholders. So this becomes the major disadvantage of Private Limited Company. The next point that can be a vital disadvantage is shareholders in a Private Limited Company are not able to sell or transfer their shares to the general public. The 50 or so shareholders that comprise a Private Limited Company must keep their shares and cannot trade them on any stock exchange. A Private Limited Company can be quite complex to create, meaning that lawyers and accountants almost always need to be involved in the Private Limited Company from the start. This can be costly and hence a disadvantage. The importance of Private Limited Companies in Sri Lankan economy over the last 15 years has been tremendous. The opening up of Sri Lankan economy has led to free inflow of investments along with modern cutting edge technology, which increased the importance of Private Limited Companies in Sri Lankan economy considerably. Previously, the Sri Lankan market was ruled by the government enterprises but the scene in Sri Lankan market changed as soon as the markets were opened for investments. This saw the rise of the Sri Lankan private sector companies, which prioritized customer’s need and speedy service. Most of the pioneering businesses in today’s Sri Lankan business world are categorized as Private Limited Companies. Some of the best examples are Richard Pieris Company PLC; (One of the largest and most successful diversified business conglomerate), Abans Group – Abans Private Limited; (Represent world famous brands of household items), Singer (Sri Lanka) PLC; (Household durable company), ODEL (PVT) LTD; (Sri Lanka’s foremost fashion gallery). Private Limited Companies are often considered the Sri Lanka’s version of limited liability companies. This may be because; for many years, forming businesses with the family and friends has been a custom of Sri Lankans. There are many examples such as Perera and Sons (PVT) LTD; (One of Sri Lanka’s foremost baker and caterer), H. Don Carolis Sons (PVT) LTD; (Manufacturers of fine hand crafted wooden furniture), Ebert Silva Touring Co. Ltd; (pioneering Company in the travel and tourism industry) . These are consider as successful family businesses and categorized under Private Limited Company type businesses. To promote private sector domestic investments, the Sri Lanka government has recently brought the bank interest rates down from 20 percent to around 10 percent for borrowings. Public Limited Companies A public limited company (legally abbreviated to plc with or without full stops) is a type of limited liability Company incorporated under the laws of England in certain Commonwealth countries and it is permitted to offer its shares to the public. This means that Shares in a public limited company, can be traded on the Stock Exchange and can be bought by members of the general public. The Capital needed to start a Public Limited Company could come from two different sources; part of the money comes from a loan from the bank, and the rest comes from shares sold to the public, via the stock market. The liability of the shareholders to creditors of the company is limited to the capital originally invested; that is to the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder’s personal assets are thereby protected in the event of the company’s insolvency, but money invested in the company will be lost. The dividend is paid out using the profits from a PLC. The profit of the public limited company is divided into percentages and is paid out to shareholders. There are many advantages of operating the business as a Public Limited Company, and of registering the company on the stock exchange. For example, equity capital obtained from an initial public offering is considered a permanent form of capital since there is no interest to be paid on the equity, and it is not repayable like debt. Funds generated by a public offering are, therefore, considered a relatively safe form of capital for a business and this can be pointed out as the main advantage of the Public Limited Company type. Going public can also allow a company the freedom and flexibility to spend capital, as it needs to finance its growth and further development, providing a solid financial base on which to build. This will be a vital motivate point for anyone who think to start a new business as Public Limited Company. Many companies use stock and stock option plans as an incentive to attract and retain talented employees. It is increasingly common to recruit and compensate executives with a combination of salary and stock. Stock can be instrumental in attracting and keeping key personnel. Public companies are more likely to receive the attention of major newspapers, magazines and periodicals. The proper use of press releases, interviews or news stories can increase investor awareness, shareholder value, and demand for the stock, sales and revenue. Once a company becomes public it has to disclose so much information to public on regular intervals. This includes share holding pattern, quarterly and annual financial statements, profiles of directors etc. So it can be pointed out as one of the disadvantage of Public Limited Company. In a Public Limited Company decisions take time is too long and it also can be a disadvantage. This is because implementation of any key decision is subjected to the approval by the board of directors elected by share holders. Shareholders in public companies expect a steady stream of income from dividends, which might mean that the business has to concentrate on short term objectives of creating a profit and this may be a vital disadvantage because it might be better to work on longer term objectives, such as growth and investment. The most significant disadvantage Public Limited Company has is the threat of takeover. This is because they are traded publicly and another company can buy up a large number of shares and they can then persuade other shareholders to join with them to vote in a new management team. The Sri Lankan stock market has become quite vibrant and booming, particularly as a result of the end of the war, and this was a vivid point for growth of Public Limited Companies. New companies made their public offerings and were oversubscribed during the first day itself. There is considerable demand for company shares in the market and we can see many giants companies have turned into Public Limited Companies. These companies represent banking, finance, insurance, healthcare, telecommunication, food, beverage and so many other sectors. Most important examples are; Commercial Bank of Ceylon Ltd; (Adjudged as the best bank in Sri Lanka), Janashakthi Insurance; (3rd largest general insurance company in Sri Lanka), Sri Lanka Telecom Ltd; (The premier telecommunication service provider in Sri Lanka), Cargills (Ceylon) Ltd; (Sri lanka’s largest food network) and Nawaloka Hospitals Ltd; (Asia’s largest and most trusted healthcare hospital). The end of the war has put Sri Lanka on the radar of global companies as a country with attractive investment proposition opportunities. As the issuances of shares by resident companies to foreign investors are permitted in terms of a general permission, many resident companies have issued their shares to foreign investors. They include; Lanka IOC; (75% of shares owned by Indian Oil Corporation) and Millenium IT; (Shares were bought by London Stock Exchange). General Partnerships A General Partnership is the most simplistic type of legal structure designed for the situation in which two or more people are collaborating in some type of business activity. The entities involved in a partnership can be individuals, corporations, or trusts. General partnerships are usually started with good friends or family. Starting up a new business is a huge risk and gigantic leap of faith. People who open up general partnerships need to trust each other and work well together. Even if the business does not need a lot of assets to start or operate, still it needs a lot of money to open up a business. General partnerships allow more than one individual to carry the financial burden. This is ideal and makes a business much easier to open. By default, the profits and losses generated by a General Partnership are shared equally among its partners. However, typically a partnership agreement is created to further define the rights, responsibilities, and duties of each partner, as well as the terms of perpetuity if one of the partners withdrawals from the partnership. Financial responsibility is shared equally among the partners, with each partner jointly and severally liable for all business debts and obligations which means that the partners are jointly liable for any and all legal claims against any of the partners. The taxation of a General Partnership is calculated at the individual level. General partnerships can be less expensive to form with a limited start up cost and it has a shared financial commitment, which can be consider as main advantages of this business type. Also it requires less paperwork and formalities which encourage people to form their businesses as general partnerships. General partnerships can thrive when each partner brings a specific strength to the business. If each partner takes on a defined role and there is general agreement on the business plan, goals, and visions from the outset, a partnership can be advantageous. Work can get done more quickly, and having several partners involved will increase the potential of acquiring resources and attracting backers. In the end, the success of such an endeavor depends largely on the personalities of the parties involved. General partnerships offer members the advantages of shared risk and total control over the transactions of the business. One of the most significant benefits of a General Partnership is simplified tax filing, since no corporate forms or double taxation is required. As a pass-through tax entity, this form of business pays no direct tax instead its individual owners carry the tax burden However, the wide array of disadvantages of a General Partnership is what makes it arguably one of the worst organizational business structures available. Because of the lack of corporate structure, a General Partnership does not establish any kind of separate business entity from the partners. This means that the partners are totally unprotected from any litigation against the business, and their personal assets can be seized at any time to cover the unmet obligations of the business. Even worse, each partner is liable for the actions of the others on behalf of the business. So if one of the partners was to execute an agreement without the knowledge of the others, each partner would become equally obligated to the terms of that agreement. The same is true for credit obligations. If any of the partners secure credit on behalf of the business, each partner would become equally obligated to the terms of that debt. In addition, without a Partnership Agreement, there is no guarantee of perpetuity for a General Partnership if one of the partners dies, becomes disabled, or withdrawals from the business. For these and other reasons, general partnership agreements should be drawn up carefully with legal counsel, and signed by all partners. Additionally, there should be a means in place of dissolving the partnership in the case of death, disability, or if one partner should want out of the business for any other reason, personal or professional. Sri Lanka, as a country with low individual income, general partnership would be an idle business type because it gives you pool of resources and financial encouragement to start a new business. Since family businesses are very famous in Sri Lanka, anyone can get together with his family and friends to form the business. Since each partner has a vital contribution to the business, skills and abilities of them will guide the business to success. There are several businesses in Sri Lanka, engaged in all types of sectors such as; grocery, pharmacy, restaurant, book shop and laundry; which can be categorized into general partnership business type. Sri Lankan government has identified the importance of general partnership businesses, in terms of their contribution to the country’s development. So the government is encouraging this business community, to develop their businesses, by providing necessary financial aids, resources, equipment and guidance. How to cite Legal Forms of Business in Sri Lanka, Papers

Strategic Management of Samsung Electronics

Question: Discuss about the Strategic Management of Samsung Electronics. Answer: Introduction The managing of value chain indicates the procedure of managing the connected group of activities that generates value by producing commodities as well as services. The major purpose of employing value chain management in a trade is to incorporate communication as well as augment cooperation among members of production chain in order to diminish delivery times. Mobile telephony technology has reallocated through current decades from a plethora of nation-based technologies commercialized by perpendicularly incorporated firms to a few worldwide standards sustained by globe-spanning supply chain (Mudambi and Puck 2016). The report provides a brief overview regarding value chain analysis that describes a procedure where a firm distinguishes its primary and support actions that puts value to its completed commodity. Value chain analysis is a procedure with the help of which a firm recognizes its primary activities that in adds value to its final commodities. It also represents the interior activities in which a firm gets engaged while transforming inputs into outputs. It is also regarded as a strategy tool that helps to analyze internal firm activities. It deals with the general information about the characteristics features of the mobile telephony industry as well as about Apple, Samsung and LG. it shows that how a firm competes with the help of differentiation strategy that will help to perform activities as compared to its competitors. If the companies compete with the cost advantage, they will try to perform internal behavior at lower cost as compared to their customers (Soosay, Fearne and Dent 2012). Background company differentiation Mobile telephony indicates the prerequisite of telephone services to phones that may change around liberally rather than stay constant. Mostly terrestrial cellular network of base station are connected with the help of mobile phones. On the other hand, satellite phones connect to orbiting satellites. This industry comprises of new products that are designed and launched in such a way that they are packaged optimally as well as priced gainfully. In this highly expanding industry, there is always a requirement of high technological skills. Mobile telephony had transformed the method in which customers and trades operate in developing markets. As a result, mobile services have become the worldwide providers of communication services. Availability of mobile services also creates several economic advantages to the economy of the country. The supply side of the economy is affected positively by the mobile telephony industry. The positive impacts of basic mobile voice as well as text servic es on development and productivity are accomplished with the help of mobile telephony markets. With the advancement of the mobile telephony industry, there has been increase in 3G penetration (Kirui et al. 2013). Apple Inc. is an international corporation that generates electronics, personal computers as well as computer software and is considered as the digital distributor of media content. The first version of iPhone became obtainable in the year 2007 in few selected countries and markets. On the other hand, in the year 2008, iPhone 3G became obtainable to general individuals. The history of iPhone started with a request from Steve Jobs, the inventor of Apple. He asked the engineers to examine the use of touch screen devices as well as tablet computers (Palan 2016). Samsung is a multinational business company in South Korea that is headquartered in Samsung Town of Seoul. The organization comprises of several subsidiaries as well as united trades, most of which are united under Samsung brand. The history of Samsung mobile phones stretches back to over 10 years. In the year 1993, Samsung developed the lightest mobile phone. Towards the end of 20th century, the organization developed Smartphone that was combined with MP3 players. As a result, Samsung has made stable expansion in the mobile telephony industry (Hsu 2014). The abbreviation of LG brand indicates Lucky Goldstar that is a group of enterprise, which originated from South Korea. In the year 1947, the history of LG commenced when Lucky Chemical Industry that was one of the first Korean chemical company was established. In the year 1958, the company expanded its industry to manufacture home appliances. The company started the manufacture of mobile phones in the year 2000. Initially, the mobile phone company did not receive a good response. However, in the year 2002, LG mobile company proclaimed the debut of the very first WCDMA technology that led to the expansion of the LG mobile phones (Arora, Kalro and Sharma 2015). Key Strategic Differences The major strategic differences that have the impacted the relative success of Apple Inc. is as follows: Rethink the requirement for advertising: In order to increase sales revenue, the company had always made a huge investment on PPC ads with Google or Facebook. There are mostly two diverse strategies, on which Apple completely relies. The first strategy deals with product placement as well as the buzz generated positive reviews in the media (Ward and Peppard 2016). Avoidance of Price wars by highlighting unique value proposition: According to the organization, competing with prices leads to loss in business. Apple mostly focuses on unique value proposition that acts as a beautiful design that works right outside the box with ever-smaller packaging. According to the organization, contending on price leads to a race to the bottom. Keeping marketing and products simple: It is acknowledged by Apple that technology customers often get plagued. As a result, Apple diminishes confusion of the customers by making their web and sales copy simple. In other words, the organization completely avoids jargon or industrial terms. As a result, Apple makes use of simple and direct words and they frequently stress the advantages that customers completely require and will be delighted by (Heracleous 2013). Knowing the Audience and speaking to them in their language: Apple has a very good understanding about their customers. As a result, their customers do not find words that comprise megabytes and gigabytes. They find words that they know as well as understand. There are several key tactical differences that have the impacted the relative success of Samsung. The company revolves and manufactures quickly as they comes out with several devices. The company views the response of the market as well as pushes success and kills failure. Rather than supplying a cheaper iPhone, Samsung differentiates its products with larger screen as well as differentiated characteristics. The company makes use of different chips and displays as compared to Apple. It is more than just a Smartphone maker is as it is considered as a conglomerate. Samsung makes the use of skimming price in order to gain upper hand among its competitors (Hasan 2015). LG makes use of fast innovation strategy as a competitive advantage. LG has the motive to let their customers have a richer, better and easier life. The company made the use of Smart Technology that enables customers to perform things more easily. Most of the individuals expect to have advanced technologies in their LG mobiles. LG also depends on Research and Development capabilities as well as product innovation in order to collaborate with global engineers from IBM (Thompson et al. 2013). Value Chain Analysis Value Chain Analysis of Apple: One of the analytical frameworks that assist in recognizing trade activities generates value as well as competitive advantage to the business. Inbound Logistics: Apple works with hundreds of suppliers all over the world as well as upholds an extremely complicated supply-chain management. Purchase commitments of Apple normally cover its necessities for periods up to 150 days. The CEO of Apple, Tim Cook, is popular for his strategies of receiving suppliers to contend with each other (Gereffi 2013). Operation: More than 93,000 full-time equivalent workers conduct the operation of Apple along with 4,400 full-time equivalent temporary workers. Apple manufactures most of the products by outsourcing partners that are located mostly in Asia. A small number of outsourcing partners presently performs a noteworthy concentration of this manufacturing. Outbound Logistics: The net sales of Apple with the help of direct and indirect distribution channels accounted for 72 percent of the total sales. Apple endeavors to reduce the volume of its inventory due to consideration of cost (Bergvall-Kreborn and Howcroft 2013). Marketing and Sales: Apple sells most of its mobile phones with the help of four channels of distribution. The advertising budget of Apple is almost USD 1.1 billion that is invested for exploitation of marketing communication mix. This in turn incorporates advertising, events as well as direct selling. The company had also increased its focus on enterprise sales during the last few years. Service: Apple is popular for its outstanding quality of customer service that it provides the individuals. The experience of Apple around the globe makes use of its product to make them more convinced about the quality (Kassoff 2014). Value Proposition: The value proposition of Apple is to avoid unwanted advertisements as well as to brand itself. It has also made its phone more secure and more faster. Supply Chain Analysis: The major aspect of the supply chain analysis of Apple is to make the use of multiple suppliers for the similar component. It also examines the role of boards and directors that plays an imperative role to enhance the supply chain analysis of the Company. Enterprise Value: The valuation metric alternative to reflection of conventional market is termed as enterprise value. Month Enterprise Value of Apple August 2016 535.00B September 2016 620.00B October 2016 625.00B November 2016 621.00B December 2016 615.00B January 2017 654.37B Value Chain Analysis of Samsung: Inbound Logistics: Most of the suppliers of Samsung are based in Asia that is followed by America and Europe. Samsung has a number of logistics firms in order to control inbound logistics aspect of the trade. As a result, Samsung electronics is recognized as an integrated enterprise logistics management agent. Samsung uses logistics in a very exclusive way in order to cover most of the administrative procedures. It is used in a more complicated procedure as compared to a general value chain model (Jung 2014). Operation: The Company is known to maintain global operation hubs that include subsidiaries, research centers as well as design centers. The manufacturing operation of Samsung comprises of general manufacturing such as semiconductors as well as system manufacturing such as application and software. The manufacturing operation of Samsung has been mostly localized to South Korea as well as Seoul. The scheduling and inventory control are ensured with the help of logistics. Due to abroad shipping as well as unpredictable delays, this potentiality becomes less streamlined that can in turn reduce value. A probable solution to this problem would be to reposition the operation of AuthenTec closer to that of the facilities of Samsung. This will in turn lead to considerable labor cost with the movement. Samsung would require to conclude if the reimbursement period for value they put on in their operations counterbalance the costs rapidly enough to be worth making the move (Caplan, Dutta and La wson 2013). Outbound Logistics: Samsung is a concentrated company that handles an extensive range of trade support function as well as logistics. The company had demonstrated to be remarkably rapid in launching its individual commodities to contend with Apple. Effectual outbound logistics system plays an imperative role in the case of Samsung in terms of being able to convey updates. The attainment of AuthenTec will not have an impact on the outbound logistics procedures. Marketing and Sales: It is considered as the major activity that is aimed to channel the attention of the target customer segment. The budget of the company is mostly spent on media advertisement s well as public related programs. Sales promotion has been adapted by Samsung as one of the core elements of its marketing techniques. Each key market of Samsung has a DMC sales as well as marketing subsidiary that works with partner sales organization. Service: The Company endeavors to deliver the customer services of the budget standards. It provides minimal training that is required by the workers as they already have workers since before attainment (Lee, Kim and Park 2015). Value Proposition: The value proposition of Samsung is focus on the brand, whether it is a corporate brand that they supply or it is a product brand. Supply Chain Analysis: With a huge push in the technology to roll out improvements, the Company had increased its sale by involving rush in manufacture as well as innovation. Enterprise Value: The present enterprise value of Samsung is a total of $157,824 Mil. The EV/Revenue ratio of Samsung is 0.91. Value Chain Analysis of LG: Inbound Logistics: A lot of effort has been put by LG in order to increase their efficiency of supply chain management. The activities that come under inbound logistics for LG are warehousing, material building as well as inventory control. LG has made all of its operation technologically enhanced in order to improve its inbound logistics. Operation: The operation under the company mostly includes all the activities that are accountable for converting the inbound raw materials to the finished product. LG has been putting its best effort to increase its operational efficiency in their present production. The key operational benefit is that LG have their own production units. This in turn makes LG different from its competitors (Creveling, Hambleton and McCarthy 2014). Outbound Logistics: The company had established a good dealer network and it also have rationalized its packaging by packing as compact as possible. This in turn creates an appeal for the customers as they find the mobile phones to very effective. Service: There are several exclusive showrooms as well as service centers where LG mobiles are sold. The company had always put emphasis on the satisfaction of the customers. They leads to customer satisfaction with their products by making the use of effective design innovative strategies. The industrial design of LG integrates a balance between creation of concept as well as lifestyle. This is mainly to prominently feature the dreams and desires of the customers and lead to overall value innovation procedure (Lim, Tuli and Grewal 2016). Supply Chain Analysis: LG mostly focus on customer satisfaction to increase its sales. The extremely has close association with its suppliers and it involves the supply technically successful products. Enterprise Value: The enterprise value of Lucky Goldstar is a total of US$143 billion. Value Proposition: The value proposition of LG is to provide a mobile phone that will support both portrait and landscape design as well as diminish cost of energy. Summary Analysis It can be concluded that in order to deliver individual competitive advantage, Apple made the use of vertical integration where it acquired NeXtstep. With the help of this, Apple accomplished multi-tasking operating system. It also made partnership with Intel with the help of which it reaped rewards not just for profits but also to deliver the goods. Intel reduced its transition period as expected that made the products of Apple are delivered before the due date. The company is among the top ten major mobile companies in the world. It is riding on its philosophy that deals with helping individuals as well as connecting thousands of customers the company has globally. On the other hand, Samsung respects the choice of its customers and as a result, they are able to efficiently sustain product lines. Samsung also establishes geographically discrete base of direct dealers as well as indirect channel partners. The company also strives to acknowledge what customers desire ahead of its competitors. The engineers who are associated with the company develop original as well as innovative products that will be able to meet the requirements of the individuals. This in turn leads to competitive advantages. The company also makes investment in research and development so as to meet their commitment related to leading technology consistency. The major root of competitive advantage for LG is technical resources as LG mostly depends on research and development capabilities. It also introduces its product with the help of contemporary communication tools such as radio and internet as well as television. It also keeps hold of its customers by providing them with long-term warranties. Its innovative technologies lead to competitive advantages that create harmony among individuals. References ABC News. (2017).'It's not worth the habit': Tobacco tax increase will cut smoking rates. [online] Available at: https://www.abc.net.au/news/2016-05-03/tobacco-tax-increase-will-cut-smoking-rate/7380748 [Accessed 9 Jan. 2017]. Arora, S., Kalro, A.D. and Sharma, D., 2015. A comprehensive framework of brand name classification.Journal of Brand Management,22(2), pp.79-116. Bergvall-Kreborn, B. and Howcroft, D., 2013, December. The Apple business model: Crowdsourcing mobile applications. InAccounting Forum(Vol. 37, No. 4, pp. 280-289). Elsevier. Caplan, D., Dutta, S.K. and Lawson, R.A., 2013. Corporate social responsibility initiatives across the value chain.Journal of Corporate Accounting Finance,24(3), pp.15-24. Cheng, M. (2017).Samsung vs. Apple: Who Was No. 1?. [online] WSJ. Available at: https://blogs.wsj.com/digits/2015/01/29/samsung-vs-apple-who-was-no-1/ [Accessed 10 Jan. 2017]. Creveling, C.M., Hambleton, L. and McCarthy, B., 2014.Six Sigma for Marketing Processes. Prentice Hall. Gereffi, G., 2013. Global Value Chain Perspective on Industrial Policy and Development in Emerging Markets, A.Duke J. Comp. Int'l L.,24, p.433. Hasan, A., 2015. Consumer Brand Preference for Consumer Durable Goods With Reference to Lucknow District.International Journal of Economics Management Sciences,2015. Heracleous, L., 2013. Quantum Strategy at Apple Inc.Organizational Dynamics,42(2), pp.92-99. Hsu, S.Y., 2014. A Case Study of Samsungs Organizational Culture and Performance. Jung, S.C., 2014. The Analysis of Strategic Management of Samsung Electronics Company through the Generic Value Chain Model.International Journal of Software Engineering and Its Applications,8(12), pp.133-142. Kassoff, J.M., Apple Inc., 2014.Push mechanism for quality of service (QoS) support in coherency port. U.S. Patent 8,719,506. Kirui, C., Hong, L., Cheruiyot, W. and Kirui, H., 2013. Predicting customer churn in mobile telephony industry using probabilistic classifiers in data mining.IJCSI International Journal of Computer Science Issues,10(2), pp.1694-0784. Lee, S.J., Kim, J. and Park, B.I., 2015. Culture clashes in cross-border mergers and acquisitions: A case study of Sweden's Volvo and South Korea's Samsung.International Business Review,24(4), pp.580-593. Lim, L.G., Tuli, K.R. and Grewal, R., 2016. Customer Satisfaction and Costs of Selling and Producing. Mudambi, R. and Puck, J., 2016. A Global Value Chain Analysis of the Regional StrategyPerspective.Journal of Management Studies. Palan, R., 2016. 9 Corporate power in a global economy.Susan Strange and the Future of Global Political Economy: Power, Control and Transformation, p.152. Soosay, C., Fearne, A. and Dent, B., 2012. Sustainable value chain analysis-A case study of Oxford Landing from vine to dine.Supply Chain Management: An International Journal,17(1), pp.68-77. Thompson, A., Peteraf, M., Gamble, J., Strickland III, A.J. and Jain, A.K., 2013.Crafting Executing Strategy 19/e: The Quest for Competitive Advantage: Concepts and Cases. McGraw-Hill Education. Ward, J. and Peppard, J., 2016.The Strategic Management of Information Systems: Building a Digital Strategy. John Wiley Sons.

Strategic Management of Samsung Electronics

Question: Discuss about the Strategic Management of Samsung Electronics. Answer: Introduction The managing of value chain indicates the procedure of managing the connected group of activities that generates value by producing commodities as well as services. The major purpose of employing value chain management in a trade is to incorporate communication as well as augment cooperation among members of production chain in order to diminish delivery times. Mobile telephony technology has reallocated through current decades from a plethora of nation-based technologies commercialized by perpendicularly incorporated firms to a few worldwide standards sustained by globe-spanning supply chain (Mudambi and Puck 2016). The report provides a brief overview regarding value chain analysis that describes a procedure where a firm distinguishes its primary and support actions that puts value to its completed commodity. Value chain analysis is a procedure with the help of which a firm recognizes its primary activities that in adds value to its final commodities. It also represents the interior activities in which a firm gets engaged while transforming inputs into outputs. It is also regarded as a strategy tool that helps to analyze internal firm activities. It deals with the general information about the characteristics features of the mobile telephony industry as well as about Apple, Samsung and LG. it shows that how a firm competes with the help of differentiation strategy that will help to perform activities as compared to its competitors. If the companies compete with the cost advantage, they will try to perform internal behavior at lower cost as compared to their customers (Soosay, Fearne and Dent 2012). Background company differentiation Mobile telephony indicates the prerequisite of telephone services to phones that may change around liberally rather than stay constant. Mostly terrestrial cellular network of base station are connected with the help of mobile phones. On the other hand, satellite phones connect to orbiting satellites. This industry comprises of new products that are designed and launched in such a way that they are packaged optimally as well as priced gainfully. In this highly expanding industry, there is always a requirement of high technological skills. Mobile telephony had transformed the method in which customers and trades operate in developing markets. As a result, mobile services have become the worldwide providers of communication services. Availability of mobile services also creates several economic advantages to the economy of the country. The supply side of the economy is affected positively by the mobile telephony industry. The positive impacts of basic mobile voice as well as text servic es on development and productivity are accomplished with the help of mobile telephony markets. With the advancement of the mobile telephony industry, there has been increase in 3G penetration (Kirui et al. 2013). Apple Inc. is an international corporation that generates electronics, personal computers as well as computer software and is considered as the digital distributor of media content. The first version of iPhone became obtainable in the year 2007 in few selected countries and markets. On the other hand, in the year 2008, iPhone 3G became obtainable to general individuals. The history of iPhone started with a request from Steve Jobs, the inventor of Apple. He asked the engineers to examine the use of touch screen devices as well as tablet computers (Palan 2016). Samsung is a multinational business company in South Korea that is headquartered in Samsung Town of Seoul. The organization comprises of several subsidiaries as well as united trades, most of which are united under Samsung brand. The history of Samsung mobile phones stretches back to over 10 years. In the year 1993, Samsung developed the lightest mobile phone. Towards the end of 20th century, the organization developed Smartphone that was combined with MP3 players. As a result, Samsung has made stable expansion in the mobile telephony industry (Hsu 2014). The abbreviation of LG brand indicates Lucky Goldstar that is a group of enterprise, which originated from South Korea. In the year 1947, the history of LG commenced when Lucky Chemical Industry that was one of the first Korean chemical company was established. In the year 1958, the company expanded its industry to manufacture home appliances. The company started the manufacture of mobile phones in the year 2000. Initially, the mobile phone company did not receive a good response. However, in the year 2002, LG mobile company proclaimed the debut of the very first WCDMA technology that led to the expansion of the LG mobile phones (Arora, Kalro and Sharma 2015). Key Strategic Differences The major strategic differences that have the impacted the relative success of Apple Inc. is as follows: Rethink the requirement for advertising: In order to increase sales revenue, the company had always made a huge investment on PPC ads with Google or Facebook. There are mostly two diverse strategies, on which Apple completely relies. The first strategy deals with product placement as well as the buzz generated positive reviews in the media (Ward and Peppard 2016). Avoidance of Price wars by highlighting unique value proposition: According to the organization, competing with prices leads to loss in business. Apple mostly focuses on unique value proposition that acts as a beautiful design that works right outside the box with ever-smaller packaging. According to the organization, contending on price leads to a race to the bottom. Keeping marketing and products simple: It is acknowledged by Apple that technology customers often get plagued. As a result, Apple diminishes confusion of the customers by making their web and sales copy simple. In other words, the organization completely avoids jargon or industrial terms. As a result, Apple makes use of simple and direct words and they frequently stress the advantages that customers completely require and will be delighted by (Heracleous 2013). Knowing the Audience and speaking to them in their language: Apple has a very good understanding about their customers. As a result, their customers do not find words that comprise megabytes and gigabytes. They find words that they know as well as understand. There are several key tactical differences that have the impacted the relative success of Samsung. The company revolves and manufactures quickly as they comes out with several devices. The company views the response of the market as well as pushes success and kills failure. Rather than supplying a cheaper iPhone, Samsung differentiates its products with larger screen as well as differentiated characteristics. The company makes use of different chips and displays as compared to Apple. It is more than just a Smartphone maker is as it is considered as a conglomerate. Samsung makes the use of skimming price in order to gain upper hand among its competitors (Hasan 2015). LG makes use of fast innovation strategy as a competitive advantage. LG has the motive to let their customers have a richer, better and easier life. The company made the use of Smart Technology that enables customers to perform things more easily. Most of the individuals expect to have advanced technologies in their LG mobiles. LG also depends on Research and Development capabilities as well as product innovation in order to collaborate with global engineers from IBM (Thompson et al. 2013). Value Chain Analysis Value Chain Analysis of Apple: One of the analytical frameworks that assist in recognizing trade activities generates value as well as competitive advantage to the business. Inbound Logistics: Apple works with hundreds of suppliers all over the world as well as upholds an extremely complicated supply-chain management. Purchase commitments of Apple normally cover its necessities for periods up to 150 days. The CEO of Apple, Tim Cook, is popular for his strategies of receiving suppliers to contend with each other (Gereffi 2013). Operation: More than 93,000 full-time equivalent workers conduct the operation of Apple along with 4,400 full-time equivalent temporary workers. Apple manufactures most of the products by outsourcing partners that are located mostly in Asia. A small number of outsourcing partners presently performs a noteworthy concentration of this manufacturing. Outbound Logistics: The net sales of Apple with the help of direct and indirect distribution channels accounted for 72 percent of the total sales. Apple endeavors to reduce the volume of its inventory due to consideration of cost (Bergvall-Kreborn and Howcroft 2013). Marketing and Sales: Apple sells most of its mobile phones with the help of four channels of distribution. The advertising budget of Apple is almost USD 1.1 billion that is invested for exploitation of marketing communication mix. This in turn incorporates advertising, events as well as direct selling. The company had also increased its focus on enterprise sales during the last few years. Service: Apple is popular for its outstanding quality of customer service that it provides the individuals. The experience of Apple around the globe makes use of its product to make them more convinced about the quality (Kassoff 2014). Value Proposition: The value proposition of Apple is to avoid unwanted advertisements as well as to brand itself. It has also made its phone more secure and more faster. Supply Chain Analysis: The major aspect of the supply chain analysis of Apple is to make the use of multiple suppliers for the similar component. It also examines the role of boards and directors that plays an imperative role to enhance the supply chain analysis of the Company. Enterprise Value: The valuation metric alternative to reflection of conventional market is termed as enterprise value. Month Enterprise Value of Apple August 2016 535.00B September 2016 620.00B October 2016 625.00B November 2016 621.00B December 2016 615.00B January 2017 654.37B Value Chain Analysis of Samsung: Inbound Logistics: Most of the suppliers of Samsung are based in Asia that is followed by America and Europe. Samsung has a number of logistics firms in order to control inbound logistics aspect of the trade. As a result, Samsung electronics is recognized as an integrated enterprise logistics management agent. Samsung uses logistics in a very exclusive way in order to cover most of the administrative procedures. It is used in a more complicated procedure as compared to a general value chain model (Jung 2014). Operation: The Company is known to maintain global operation hubs that include subsidiaries, research centers as well as design centers. The manufacturing operation of Samsung comprises of general manufacturing such as semiconductors as well as system manufacturing such as application and software. The manufacturing operation of Samsung has been mostly localized to South Korea as well as Seoul. The scheduling and inventory control are ensured with the help of logistics. Due to abroad shipping as well as unpredictable delays, this potentiality becomes less streamlined that can in turn reduce value. A probable solution to this problem would be to reposition the operation of AuthenTec closer to that of the facilities of Samsung. This will in turn lead to considerable labor cost with the movement. Samsung would require to conclude if the reimbursement period for value they put on in their operations counterbalance the costs rapidly enough to be worth making the move (Caplan, Dutta and La wson 2013). Outbound Logistics: Samsung is a concentrated company that handles an extensive range of trade support function as well as logistics. The company had demonstrated to be remarkably rapid in launching its individual commodities to contend with Apple. Effectual outbound logistics system plays an imperative role in the case of Samsung in terms of being able to convey updates. The attainment of AuthenTec will not have an impact on the outbound logistics procedures. Marketing and Sales: It is considered as the major activity that is aimed to channel the attention of the target customer segment. The budget of the company is mostly spent on media advertisement s well as public related programs. Sales promotion has been adapted by Samsung as one of the core elements of its marketing techniques. Each key market of Samsung has a DMC sales as well as marketing subsidiary that works with partner sales organization. Service: The Company endeavors to deliver the customer services of the budget standards. It provides minimal training that is required by the workers as they already have workers since before attainment (Lee, Kim and Park 2015). Value Proposition: The value proposition of Samsung is focus on the brand, whether it is a corporate brand that they supply or it is a product brand. Supply Chain Analysis: With a huge push in the technology to roll out improvements, the Company had increased its sale by involving rush in manufacture as well as innovation. Enterprise Value: The present enterprise value of Samsung is a total of $157,824 Mil. The EV/Revenue ratio of Samsung is 0.91. Value Chain Analysis of LG: Inbound Logistics: A lot of effort has been put by LG in order to increase their efficiency of supply chain management. The activities that come under inbound logistics for LG are warehousing, material building as well as inventory control. LG has made all of its operation technologically enhanced in order to improve its inbound logistics. Operation: The operation under the company mostly includes all the activities that are accountable for converting the inbound raw materials to the finished product. LG has been putting its best effort to increase its operational efficiency in their present production. The key operational benefit is that LG have their own production units. This in turn makes LG different from its competitors (Creveling, Hambleton and McCarthy 2014). Outbound Logistics: The company had established a good dealer network and it also have rationalized its packaging by packing as compact as possible. This in turn creates an appeal for the customers as they find the mobile phones to very effective. Service: There are several exclusive showrooms as well as service centers where LG mobiles are sold. The company had always put emphasis on the satisfaction of the customers. They leads to customer satisfaction with their products by making the use of effective design innovative strategies. The industrial design of LG integrates a balance between creation of concept as well as lifestyle. This is mainly to prominently feature the dreams and desires of the customers and lead to overall value innovation procedure (Lim, Tuli and Grewal 2016). Supply Chain Analysis: LG mostly focus on customer satisfaction to increase its sales. The extremely has close association with its suppliers and it involves the supply technically successful products. Enterprise Value: The enterprise value of Lucky Goldstar is a total of US$143 billion. Value Proposition: The value proposition of LG is to provide a mobile phone that will support both portrait and landscape design as well as diminish cost of energy. Summary Analysis It can be concluded that in order to deliver individual competitive advantage, Apple made the use of vertical integration where it acquired NeXtstep. With the help of this, Apple accomplished multi-tasking operating system. It also made partnership with Intel with the help of which it reaped rewards not just for profits but also to deliver the goods. Intel reduced its transition period as expected that made the products of Apple are delivered before the due date. The company is among the top ten major mobile companies in the world. It is riding on its philosophy that deals with helping individuals as well as connecting thousands of customers the company has globally. On the other hand, Samsung respects the choice of its customers and as a result, they are able to efficiently sustain product lines. Samsung also establishes geographically discrete base of direct dealers as well as indirect channel partners. The company also strives to acknowledge what customers desire ahead of its competitors. The engineers who are associated with the company develop original as well as innovative products that will be able to meet the requirements of the individuals. This in turn leads to competitive advantages. The company also makes investment in research and development so as to meet their commitment related to leading technology consistency. The major root of competitive advantage for LG is technical resources as LG mostly depends on research and development capabilities. It also introduces its product with the help of contemporary communication tools such as radio and internet as well as television. It also keeps hold of its customers by providing them with long-term warranties. Its innovative technologies lead to competitive advantages that create harmony among individuals. References ABC News. (2017).'It's not worth the habit': Tobacco tax increase will cut smoking rates. [online] Available at: https://www.abc.net.au/news/2016-05-03/tobacco-tax-increase-will-cut-smoking-rate/7380748 [Accessed 9 Jan. 2017]. Arora, S., Kalro, A.D. and Sharma, D., 2015. A comprehensive framework of brand name classification.Journal of Brand Management,22(2), pp.79-116. Bergvall-Kreborn, B. and Howcroft, D., 2013, December. The Apple business model: Crowdsourcing mobile applications. InAccounting Forum(Vol. 37, No. 4, pp. 280-289). Elsevier. Caplan, D., Dutta, S.K. and Lawson, R.A., 2013. Corporate social responsibility initiatives across the value chain.Journal of Corporate Accounting Finance,24(3), pp.15-24. Cheng, M. (2017).Samsung vs. Apple: Who Was No. 1?. [online] WSJ. Available at: https://blogs.wsj.com/digits/2015/01/29/samsung-vs-apple-who-was-no-1/ [Accessed 10 Jan. 2017]. Creveling, C.M., Hambleton, L. and McCarthy, B., 2014.Six Sigma for Marketing Processes. Prentice Hall. Gereffi, G., 2013. Global Value Chain Perspective on Industrial Policy and Development in Emerging Markets, A.Duke J. Comp. Int'l L.,24, p.433. Hasan, A., 2015. Consumer Brand Preference for Consumer Durable Goods With Reference to Lucknow District.International Journal of Economics Management Sciences,2015. Heracleous, L., 2013. Quantum Strategy at Apple Inc.Organizational Dynamics,42(2), pp.92-99. Hsu, S.Y., 2014. A Case Study of Samsungs Organizational Culture and Performance. Jung, S.C., 2014. The Analysis of Strategic Management of Samsung Electronics Company through the Generic Value Chain Model.International Journal of Software Engineering and Its Applications,8(12), pp.133-142. Kassoff, J.M., Apple Inc., 2014.Push mechanism for quality of service (QoS) support in coherency port. U.S. Patent 8,719,506. Kirui, C., Hong, L., Cheruiyot, W. and Kirui, H., 2013. Predicting customer churn in mobile telephony industry using probabilistic classifiers in data mining.IJCSI International Journal of Computer Science Issues,10(2), pp.1694-0784. Lee, S.J., Kim, J. and Park, B.I., 2015. Culture clashes in cross-border mergers and acquisitions: A case study of Sweden's Volvo and South Korea's Samsung.International Business Review,24(4), pp.580-593. Lim, L.G., Tuli, K.R. and Grewal, R., 2016. Customer Satisfaction and Costs of Selling and Producing. Mudambi, R. and Puck, J., 2016. A Global Value Chain Analysis of the Regional StrategyPerspective.Journal of Management Studies. Palan, R., 2016. 9 Corporate power in a global economy.Susan Strange and the Future of Global Political Economy: Power, Control and Transformation, p.152. Soosay, C., Fearne, A. and Dent, B., 2012. Sustainable value chain analysis-A case study of Oxford Landing from vine to dine.Supply Chain Management: An International Journal,17(1), pp.68-77. Thompson, A., Peteraf, M., Gamble, J., Strickland III, A.J. and Jain, A.K., 2013.Crafting Executing Strategy 19/e: The Quest for Competitive Advantage: Concepts and Cases. McGraw-Hill Education. Ward, J. and Peppard, J., 2016.The Strategic Management of Information Systems: Building a Digital Strategy. John Wiley Sons.

Separate Peace Essays (1862 words) - Phillips Exeter Academy

Separate Peace In A Separate Peace by John Knowels, the value of dealing with your feelings and dealing with your enemies is shown by Gene Forester, a student in Devon during World War 2 dealing with few human enemies, but his emotions create a circumstance far greater than any human enemy. "I never killed anybody," Gene had commented later in his adulthood, "And I never developed an intense level of hatred for the enemy Gene had put many enemies into his own life. Gene had a best friend, his name was Finny, they were roommates and did many activities together. Finny was never the source, but the core of most of Gene's feelings, both good and bad. First, one of the biggest problems that Gene had, that is jealousy. Gene was jealous of Finny's confidency, openness, modesty, superb athletic abilities, his natural leadership skills, his ability to deal with stress easily, his care free attitude, his people skills and, of course, his good looks. Early in the story Finny demonstrated his openness by when asked for his height, he said 5 foot, 8? inches, while Gene replies 5 foot, 9 inches. Finny pointed out that they were the same height and you shouldn't be ashamed to tell anybody your real height. Later that day, they skip dinner to go swimming in the river, by Finny's choice, and are asked where they were on return. Finny quickly replied that they were swimming in the river, something that is forbidden, right down to the last detail, and they got away with it. Gene said that the rules are very bent during the summer session, but it was actually Finny's people skills that had kept them out of trouble. Finny was very bold, as Gene many a time wished he was, on one occasion Finny wore a bright pink shirt "symbolizing the first U.S. bombing in Europe. Gene called him a "faerie" but really envied him. Later Finny wore the school tie as a belt and when questioned he claimed that it represented "Devon in the war." Gene was hopeingly awaiting a scolding for Finny, but again, he got in no trouble. Another day the two were walking and came across a plaque near the pool claiming that A. Hopkins Parker held the record for swimming across the pool the fastest, Finny took one look at and thought he could beat it, so without any practice at all he plunged into the pool, Gene timed him and he beat it, just like that. Gene wanted to get an official scorekeeper so Finny could get a plaque but Finny said "no, in my head I know that I did it, that's all that matters," thus demonstrating that Finny is very modest and secure. The next day Gene and Finny went to the beach, which wasn't allowed. This was done at Finny's request, Gene was going to study for a test, but he felt that he can't say no to Finny so hey went. At the beach Gene noticed a lot of people looking at them, he knew they were looking at Finny because of his well built body and his golden tan but Finny said that they were looking at Gene. Before they return, Finny calls Gene his "best pal" and Gene wanted to reply, but he wasn't sure about it himself and he also has a hard time expressing his true feelings. Another problem I could detect in Gene, was his anger. Gene was angry about Finny's ability not to get in trouble, and Gene's unwillingness to say "no" to Finny, but the real war started when he got the idea that because Finny has low grades, he wanted to lower Gene's grades as well so he will better than Gene. Gene believed that Finny was trying to wreak his studies with games, an organization they had formed-the Secret Suicide Society, going to the beach and all this "you're my best friend stuff." Other than that, there is little anger between Finny and Gene. One day, Finny wanted Gene to come jump off a high limb into the river with him, as they have been doing for several weeks now, and he claimed that Leper, the school nerd, would be jumping today as well. Gene burst out angrily at the idea because he was studying, and thought Finny was trying to wreak his studies, so he said no. Finny took no offense and went along like nothing happened, but Gene couldn't stand saying no to Finny and went

How to Give an Impromptu Speech (Public Speaking)

How to Give an Impromptu Speech (Public Speaking) An impromptu speech is a speech that you have to make without much or any time to prepare. In life, this can happen when you attend special events, like weddings or celebrations. In school, teachers use impromptu speeches as  homework assignments to help you develop communication skills and to help you prepare for those future life surprises. While this may seem like a cruel trick from a students point of view, it actually builds confidence and is great preparation for life. Rarely will you be asked to stand and deliver a speech with no warning and no time to organize your thoughts. This would be unusual in the classroom unless the teacher is attempting to make a point about the importance of preparedness. At some point in your life, however, you may be asked to speak without notice. There are a few things you can do to avoid panic and embarrassment. Grab a pen and a piece of paper. If you have a few moments before your speech is expected to begin, grab a writing utensil and something to write on, whether its a napkin, envelope, or the back of a receipt you have on hand, and jot down a few thoughts.Highlight a few interesting or significant points.  Keep in mind, your impromptu speech doesnt have to be long. A little-known fact about effective speeches is that if you start with a good line and then end with a really great punch, the speech will  be perceived as a total success. So the beginning and ending markers are critical. The middle portion of your speech should relate to the event youre attending or the class assignment, but if you have to choose one great moment, your ending line is particularly important. If you can walk away gracefully, your speech will be a hit, so keep your big zinger for last.Try to memorize key points. If you have time before your speech, create an outline of the major themes or points and commit it to memory with a memorization trick, like an acronym. Dont try to remember the entire speech in detail like this; just remember important points. Hijack the topic.  There is an old trick that politicians use when theyre being interviewed on TV, and once you realize this, you can use it yourself. They think of questions ahead of time (or topics to discuss), prepare some talking points,  and talk about those, despite the topic or question theyre given. This is a handy trick when youre facing a hard question or asked to discuss a topic with which youre unfamiliar.Remember youre in charge of this time.  Your goal is to deliver a one-sided conversation, off the cuff, so you are in complete control. Relax and make it your own. If you want to make this a funny story about your pesky little brother who always bothers you during homework time, then do it. Everyone will applaud your effort.Feel free to acknowledge that you have not prepared for a speech. If you are speaking in front of friends or family, it may ease your nervousness to express your lack of preparation. This should not be an attempt to garner pity, but rather a way to put yourself and your audience at ease. Then, take a deep breath before you begin speaking. Zone out the audience or choose someone specific to focus on, whichever makes you more comfortable. Begin with your introductory sentence, elaborate, then start working your way to your ending sentence.  Fill in the middle space with as many points as you can, elaborating on each one as you go. Just concentrate on the zinger youve reserved for the end.As you deliver your speech, concentrate on diction and tone.  If you are thinking about this, you wont be thinking about the eyes watching you. Your mind cant think about too many things at once, so think about breathing, enunciating your words, and controlling your tone, and youll maintain more control. What to Do If You Draw a Blank If you suddenly lose your train of thought or draw a complete blank, there are a few you can do to keep from panicking. Pretend youre pausing on purpose. Walk back and forth slowly, as if youre letting your last point sink in.There is always a jokester or friendly person who will stand out in the crowd. Make eye contact and try to draw a response from him or her while you think.If you need more time to think, you may want to ask the audience a question. Have a few prepared ahead, like Do you have any questions, or Can everyone hear me okay?If you still cant remember what you were going to say, make up a reason to pause the speech. You can say, Im sorry, but my throat is very dry. Can I please get a glass of water? Someone will go to get you a drink, and you will have time to think of two or three points to talk about. If these tricks dont appeal to you, think of your own. The goal is to have something ready for every possible scenario ahead of time. If you know you may be asked to give an impromptu speech soon, try going through the entire preparation process with a few common speech topics. When caught off guard, many people can suffer extreme anxiety about speaking off the cuff. Thats why the best speakers are always prepared.

American Government and politics Essay Example | Topics and Well Written Essays - 500 words - 1

American Government and politics - Essay Example Presidential speeches are dynamically recorded online in which individuals can discuss their opinions on. Furthermore, networks such as CNN and even white house are on twitter. Although this may seem risky, it allows the government to convey their message and benefit from these avenues of social networking. Law exists because it is critical for human existence. It is in human nature to engage in constant warfare. When law is implemented and citizens give up their rights to a sovereign ruler, things seem to be in harmonious manner. When someone violates the law, they are imprisoned for their actions. Prison and fines are the common ways punishing individuals who don’t abide with the law. Congress and the government makes the law to secure the freedom for the citizens of America. However, the process of laws being enacted is a long due process which can be often frustrating not to mention the rivalry that exists between Republicans and Democrats. Select ONE of the following scenarios  for the assigned chapters and complete the Critical Analysis questions.   Your written response must be at least 100 words in support of your position on the questions.   Be sure to note the chapter number and feature in your response. The concept of Shariah laws is complicated that are handled carefully with Islamic scholars. The shariah insists that a person must say the word â€Å"talaaq,† which means divorce in order to obtain that talaaq. If a person says this three times to a same person, he is not allowed to marry her every as the marriages becomes null. The problem is the fact that when men just write the word divorce instead of saying it. In essence, does it become valid if a person does it through texting or email? Indeed, Islamic jurists have pondered upon that issue. Recently though, the Saudi courts have upheld this issue and said that divorce through texting should be upheld. Freedom of expression is

The growth of Gulliver's madness in Part IV of Gulliver's Travels Essay

The growth of Gulliver's madness in Part IV of Gulliver's Travels - Essay Example He descends further into madness because he cannot (and does not want to) think clearly. Indeed, Gulliver’s madness is a result of pride that is founded in disception. Gulliver refuses to accept the truth about his race because it means accepting the truth about who he is. He would rather live a liar and in deception. Discussion Gulliver’s madness started when he becomes unable to control events. His madness started slowly and with his interaction with the Houyhnhnms and the Yahoos. In a sense, his madness is the result of his inability to accept and discern what he has encountered. He knows what is happening but he cannot make real sense of it other than wants he wants. Gulliver’s madness becomes evident when he begins to think of his own â€Å"kind† as less than acceptable. His interaction with the Houyhnhnms makes Gulliver to admire them greatly. He tells us that their ideas and viewpoints â€Å"opened my eyes and enlarged my understanding, that I bega n to view the actions and passions of man in a very different light† (250). He admires the Houyhnhnms and, as a result, begins to despise anything else, including those of his own race. The fact that Gulliver wants to be accepted as a Houyhnhnm is also an indication that he is slipping into insanity. Gulliver believes, â€Å"the Yahoos . . . were observed to be the most unteachable of all brutes† (227). Indeed, Gulliver belittles himself when he belittles the Yahoos. Gulliver knows what he is but believes that he can change because of the Yahoos repulsive nature. Gulliver is an example of what can happen to us when we allow our minds to become clouded and refuse to think for ourselves. Gulliver loves the Houyhnhnms and essentially begins to hero-worship them. For example, as he continues to stay with them, he begins to think of his friends, family, and the â€Å"human race in general† (272), as â€Å"Yahoos in shape and disposition† (272). It should come a s no surprise then, when Gulliver’s master tells him that he is considered to be a Yahoo that his mind snaps. His master has no choice but to â€Å"employ† (273) Gulliver like the â€Å"rest of his species† (273) and orders him to â€Å"swim back† (273) to the place from which he came. Because Gulliver has already disassociated himself from the Yahoos and his own race, this news is unacceptable and too much to live with. Gulliver has already gone too far in his appreciation of the Houyhnhnms and cannot go back to the way things were. Gulliver thinks too much of himself to consider life as a Yahoo. Further evidence of Gulliver’s madness can be seen in his thoughts regarding Don Pedro of whom he considered â€Å"like an animal which had some little portion of reason† (281). Gulliver does not want to return home to those that he considered Yahoos. When he does return home, he brings himself to â€Å"tolerate the sight of yahoos† (284). H ere we see how Gulliver’s has taken him over because he does not consider himself a Yahoo but better than them and the ultimate sign of his diseased mind is when he considered that fact that by mating with one of the Yahoos and fathering more of them causes him the â€Å"utmost shame, confusion, and horror† (284). He does want to touch the Yahoos and admits that he cannot â€Å"endure my wife or children in my presence; the very smell of them was intolerable†

Guido of Arezzo A change in Music History Research Paper

Guido of Arezzo A change in Music History - Research Paper Example For a 10 year period from approximately 1015 to the time he left Pompey, there is very little documented reference to his life. (Adduci) He left the Monastery in 1025 because of his undocumented (musical) differences.The church wanted to maintain the oral tradition. They were threatened by innovation. Losing control over the chants would give more power to the people to compose. The church had recognized a sort of power by forbidding any composition other than church composition. After leaving Pompey, he went to Arezzo where he was given a job as teacher in the cathedral and possibly regain his previous job as cantor. He lived there until his death until 1050. During this time he wrote treatises, his famous hand and changed the staff system of notation.Music notation in the 10th century was complicated and not comprehensible to the majority of the catholic monks. It was mostly an oral tradition that was common in most cultures. In the Hebrew Torah, the voice rises and lowers accordin g to a notation that is learned through oral tradition today. The use of lines and dots was common to the Greeks also. The neumes could only be read by a select few. It was highly improbable that the chants of the Northern cathedrals were recognizable by Rome. As they only indicated the direction of the voice, the sound of the chant changed depending on the region of the church. The same chant sung in Northern Europe would not sound the same as it would in Rome. The neumes showed the inflection and descent of the voice.... He lived there until his death until 1050. During this time he wrote treatises, his famous hand and changed the staff system of notation. Music notation in the 10th century was complicated and non comprehensible to the majority of the catholic monks. It was mostly an oral tradition that was common in most cultures. In the Hebrew Torah, the voice rises and lowers according to a notation that is learned through oral tradition today. The use of lines and dots was common to the Greeks also. The neumes could only be read by a select few. It was highly improbable that the chants of the Northern cathedrals were recognizable by Rome. As they only indicated the direction of the voice, the sound of the chant changed depending on the region of the church. The same chant sung in Northern Europe would not sound the same as it would in Rome. The neumes showed the inflection and descent of the voice. The development of early church notation lead towards fewer and fewer monks chanting. As the church grew there were fewer men to pass on the oral tradition. The first illustration shows the lines of the neumes. Guido d'Arrezo A change in Musical History Early notation of pre d'Azzero church chants were signs above the words. The inflection of the voice were indicated by complicated, non standardized notation which had been used for generation upon generation. There are factures which must be taken into consideration as to the difficulty of the form of notation. The chanting was only allowed to be performed by the Church. Each chant was passed from one generation to another. The notation was based on the inflection of the voice not on changes of tone. Church documents were limited due to fewer and

Advantages And Disadvantages Of Podcasts

Advantages And Disadvantages Of Podcasts Podcast has created a new world to communication and media. Podcast are used in a computer or a mobile device such as iPod. Podcast is a term adapted from the word iPod and broadcast. According to Wikipedia, podcast can be defined as a series of audio and video files or digital media files that are available on the Internet which is released incidentally and often being downloaded via web syndication. Meanwhile podcasting is a creative process which involves a few different components. The main purpose of podcast is to raise awareness among people. Messages on the important issues and topics can be delivered to people through podcasting or video blogging. Podcasting is a new way to earn money. One can earn good income through subscription if their podcast is good enough and popular. Besides that, podcast enable people to teach others. For instance, courses now are available on podcast and video blogs which was previously available on emails and websites that have unlimited choices. This gives a chance to those who has problem to read to just hear and see the course materials. Podcasting is used in education, business or commercial and entertainment. Podcasting function in education wise is for language learning, conferences, seminar and forum besides project demonstration and research. Meanwhile in business, podcast is used for marketing and promotions, training of staff, news and product or service demonstration. Chat radio and crazy talk are examples of podcasting function for entertainment. The major advantage of podcast is the demographics. Podcasting enables people to reach millions of listeners outside who has the chance to listen to your programs when they choose. Moreover, listeners have the privilege to listen again to the program that has already aired besides being able to play or pause and to rewind or fast forward. Besides that, podcasting is a new way to learn new languages. Instead of buying books to learn new language, listening would be an easy, quicker and better way to learn and at the same time improve our language skills. Last but not least, although, podcasting is the latest technology and created audio related programs, it also has its disadvantages. The list of the disadvantages of podcasting is time consuming, not searchable, accessibility problems and limited audience. Podcast consumes a lot of time especially if the file is larger. It is not usually easy to search in podcasting. Although several search engines can be used, however, sometimes it is impossible to search directly within the files. It is a challenge to upload and edit files which has a larger size and higher quality. It needs good and fast broadband connection. Besides that, the file format should be compatible not only iPod but also other devices. Even though, we are in a modern world now, not everyone owns a mobile device. Some people prefer to read instead of downloading and listening to audio files from the internet. The world that we are living now is moving forward with the help of technology. Technology plays an important role in our life which has made our life easier. Technology improvises the creation of the devices to a better one and the communication services such as introducing to the podcasting. Question 2: Facebook and Twitter are examples of Social Networks and Media Sharing Tools. By using the concept of anytime, anywhere learning, how these tools can be manipulated to take advantage of the passion young people for learning by tapping into the tools. Discuss in detail and provide example for each. SOCIAL NETWORKING Currently social networking has become a trend among the young people in worldwide. What is social network exactly? Social network is software or also better known as a website which connects and allows people around the world to come together and share ideas or topics of interest. The social network is used for communication and interaction among the people globally. The social network can be an effective way to promote business and also for learning process. Nevertheless, some parents think that it is a waste of time [if it is being misused, yes, it would be waste of time]. Facebook and Twitter are among the top and popular social network around the world. In July 2010, Facebook was announced as the worlds largest social network which has 500 million users around the world. The social network has introduced to a new way to communicate at anytime and anywhere. It is a way to keep in touch with friends from schools, colleges and the new friends we made via the social network. However , some parents think that the social network is a way their kids waste their time. [twice mentioned?] Do you know that besides sharing interest, one can use the social network for learning purpose? Thus, the social network becomes an advantage to the young people which indirectly manipulates them for learning. One of the ways to encourage young people to use social network for learning purpose is to create an account or group for the classroom. Student along with their classmates and teachers can share and exchange opinions on their learning. Furthermore, it facilities the students and also the teachers to surf the internet while having a discussion via the social network. Students can share online information such as notes, question and other learning related documents or materials among their friends and classmates. Besides that, this allows the teacher to pinpoint the students weakness and leave a comment [how?]. On the other hand, teachers can update the groups status by posting some questions, share information, videos or links and blogs to be discussed during class. Through this way, it encourages the students to do some research and be well prepared for the class. Besides that, students can send a quick message to their teachers regarding the class notes, class exercises, assignments and so on. Moreover, students can ask their teacher regarding their next lesson for the class which enables them to prepare earlier. Next, students can create a group which enables students from other class, schools and also students in their network friend list that probably from other states or countries to join. This enables varieties of ideas and information exchanged among student locally and also internationally. One of the advantages of exchanging ideas internationally is one can learn and practice new language. This also creates a new environment in the learning process. Lastly, the access to the famous online encyclopedia, Wikipedia can improve and increase the students knowledge. Last but not least, the advantage of social network for learning purpose is enables students to share various ideas and information. Social network gives a chance to get some exposures to various and multiple point of view through different people opinion and experiences. Students can also gain a chance to connect and talk to other student. They can exchange ideas and information during the learning process. It is a way to keep in touch among each other. Among the other advantage is to get immediate feedback from the learning process. Students can ask questions and receive the answers or response as soon as possible from teachers. This can develop a good understanding between the student and the teacher. Meanwhile, the disadvantage of social network is time consuming. Some students abuse the social network for different purpose such as dating. Therefore, the use of social network is a waste of time. The social network also lack of anonymity because some students provide information on themselves which others should not know such as age, gender, location and other personal details. This is because someone who has a bad intention might misuse on the information given. [There is a risk of identity theft]. The social network is beneficial to everyone no matter the younger or the older generation as long as it is used for a good purpose and intention. It is an alternative way to keep in touch with friends, relatives and whoever we know via the social network. ARTICLES What Are the Advantages of Podcasting? By Jennifer Uhl, eHow Contributor updated: March 14, 2010  · Podcasting is an audio distribution medium that offers numerous advantages over traditional broadcasting and distribution methods both online and off. Creating a podcast does not take a lot of expensive equipment and allows content creators to potentially reach millions of listeners on a global basis. The content of a podcast is delivered to subscribers via syndicated feeds, allowing users to listen on a Mac or PC as well as many types of portable media players. Subscribing to a Podcast  · Two of the benefits of podcasts are their distribution channels and methods of delivery. While users have the ability to download and listen to individual episodes of a specific podcast manually, many are automatically delivered to the users via media player software such as iTunes or Juice (Mac or PC). Most media player software will also sync a users selected podcast with her portable music player such as an iPod or Zune, requiring very little effort on the users behalf to always have the latest most up-to-date content that is available. Cost Effectiveness  · Podcasting is beneficial to individuals and businesses that seek to reach large audiences because of its cost effectiveness. A podcast requires only basic audio recording equipment to capture, and an Internet connection and means of delivering the podcast to listeners. With the basic hardware required, such as a microphone and computer, a place to host the podcast files and the necessary software for recording, any individual or group can create an effective podcast recording and share it on the Web. Advertising Potential  · Another advantage of podcasting is the advertising potential that comes with a podcast that has a decent listener base. A popular podcast with a large listening base can sell advertising slots to local companies or Internet companies to generate revenue. This creates additional revenue and advertising potential for any podcast that has a listener base. Podcast Demographics  · A major advantage to podcasting is the benefit of reaching millions of listeners who have the ability to listen to your programming when they choose. Additionally, listeners can pause or play a program, fast forward or rewind, and can listen to programming that has already aired. The number of podcast listeners grows daily as the technology evolves and becomes more ubiquitous on consumer electronics; the technology is only going to increase in popularity as podcasting recording and listening devices become more prevalent. 8 Ways to Use Social Networks in the Classroom Posted by M. Bamieh onJanuary 21, 2010 Twitter in Education Earlier, we talked about a few great resources for educators that are available for free online. These services were more focused on education and catering to their needs for creating internal social networking platforms, open-source blackboardsand conferencing applications. They were great resources but they all required some amount of set-up and involved a bit of a learning curve to get used to them. Today we are just going to share some ideas that help educators bring social networks into classrooms, utilizing some of the services that we all use. Ranging from Twitter to Skype we will share 8 ways that they can be used in the classroom. Create a Twitter Account Using Twitter for Teacher Student communication allows for short and quick messages exchange. This is useful for students and teachers to ask questions and might be a great resource for the teacher in the preparation of her class notes allowing her to know which areas to focus on. Using a Wiki An example of a wiki is the famous online encyclopedia Wikipedia. Wiki, by design, encourages discussion and interactivity, fostering in and out of class discussion. By creating an outline of a Wiki entry and allowing the students to edit and discuss the subject matter, it will help introduce a new and fun element to their homework, while at the same time encouraging debate. There are many creative ways to use Wikis in education. Create a Youtube Channel School material might be limited, dull and sometimes outdated. Students tend to navigate Youtube quite naturally, and it is one of their sources of information. By utilizing this familiar platform, you can create videos or slideshows that would provide some useful and relevant information, even link some other videos that are available on Youtube. This will also encourage students to reply with their own videos. Share Online Documents Students sometimes need quick access to the syllabus, worksheets, or some review notes.Slideshare and Scribd allow educators to upload all relevant online materials to one location. This allows students to reach those documents from their computers. Update Facebooks status Teachers can utilize FBs Status updates to post a question, share a piece of information, video or link that would open up the discussion for next class. This would encourage students to research and prepare for the next class, practically expanding the walls of the classroom into cyberspace. Be In Diigo Create an account and a group for the classroom, students and teachers and utilize Diigos great social bookmarking capabilities. Diigo allows users to create groups and networks in which they can share, annotate and collaborate on content all over the web. Further, it will allow teachers to augment the curriculums weak points with information and comments as you see fit. It could also be used to create an educational treasure hunt using annotations left on web pages. Check the video below to learn more about Diigo. What Are the Advantages of Social Networking? By: Dachary Carey The advantages of social networking are real, even though most parents see it as another way that kids waste time. Social networking has opened up a new way to communicate, so while your childs posts may not be essential today, your child is still learning skills that could be very valuable tomorrow. Work Connections One form of social networking thats growing in popularity is corporate social networking. You can use corporate social networking to form relationships with other people from your company, or people in other companies in an industry. You can also get references and build a reputation using corporate social networking tools. Its a great way to get yourself known and network in your field or industry. Keeping in Touch Social networking provides a great way for you to stay in touch with people who may have moved away. Normally, people try to stay in touch with friends via phone calls and the occasional letter or e-mail, but busy lives make it difficult to maintain contact. However, social networking is such a regularly used medium that its easy to stay in touch with people even when they move away. Get Feedback You can use social networking to get feedback on ideas immediately, or to ask questions and get answers quickly. If youre developing a product or even just an idea, you can bounce it off your friends and social networking contacts and find out what they think about it. You can also ask questions and receive answers in near-real-time, if your contacts know the answer or if youre a student in touch with teachers. Share Multiple Points of View Sheltered individuals may not understand how many different points of view that people have, and that its possible for people to hold drastically different beliefs. Social networking helps you learn about diversity and get exposure to multiple points of view. Ultimately, this exposure can help you to learn to look at things from different angles, and be more tolerant of other peoples opinions, things that go a long way in the working world. Talking to Other Students Many student organizations have specific social networks designed to help students connect. Social networking tools can be a great way for students to get in touch with other students in the same school, or when theyre considering a college or new school. Check with student organizations to see if they have a particular social networking tool, or type the school into your favorite social networking Web site and see what you find. Stay in Touch Anywhere Mobile social networking is becoming increasingly popular as more and more people have cell phones capable of running social networking applications. People can use mobile social networking tools to stay in touch with friends, and make plans on the fly. Mobile social networking tools are also great if youve got a long train or subway commute and want to stay in touch with friends and find out what theyre doing. Kids do need to learn to keep social networking under control. Some people get hooked on social networking, to the point that it interferes with getting things done. Teach your child when it is and isnt appropriate to use mobile social networking, and set a strict time limit for communicating at home.