Australia Mini Country Culture of Society Research Paper

Australia Mini Country Culture of Society - Research Paper Example The way this affects communication and the media is that the media can have more freedom to say what they think is the truth. Australia falls in the midrange in the power distance index, falling lower than that other developed countries such as the United States of America. For instance, Australia scores 36 on the power distance index as compared to the United States of America which scores 40 on the same scale. This is a much lower score, as compared to other countries, especially Arab countries such as Malaysia, Egypt and Philippines which score over 90 on the power distance index scale. According to Nisbett & Miyamoto (467-473) Asians and seem to engage in cultural practices in a different way than westerns who regard issues in a context-independent manner. The main reason why the power distance in Australia is low may be the fact that there is equality in wealth distribution in comparison with other states like the United States where the wealth gap in continually increasing, leaving a thin middle class and a large part of the population being poor while a small percentage owns much of the wealth. Australia also scores a 90 for individualism and a 61 for masculinity. As Ihator (38) says, this kind of individualism is most likely to be seen in first world countries like America and not in countries in Africa. Masculinity, as measured in the Hofstede’s Power Distance Index, is a measure of the factors that are considered to be masculine such as power, materialism, assertiveness, etc. According to Kimmel (90) society with a high masculinity score on the Hofstede’s Power Distance Index is an indication that males in that country are more likely to be more assertive on their rights and are more likely to have their own choices and not be dominated. These are people who are not easily affected by public opinion and are not likely to accept power roles are meted for them.  

Strategic Plan for Digital Music Organization EMI Essay

Strategic Plan for Digital Music Organization EMI - Essay Example According to a report by Cimilluca and Colchester (2011), in November 2011, the Citigroup announced a deal to sell EMI’s recorded music business to Universal Music Group for $1.9 billion and music publishing business to Sony/ATV consortium for 2.2 billion. This paper will suggest a strategic plan for this digital music organisation by referring to a number of strategic management theories including PESTLE analysis, Porter’s five forces model, SWOT analysis, and BCG matrix. PESTLE analysis Political factors The EMI maintains good relationship with overseas counties with intent to expand its business operations globally. Since the company offers extensive employee benefits including flexible work schedule, family friendly policies, and other flexible benefits; it gets full support from political environment. Economic factors The recent global economic recession has dreadfully affected economies worldwide and many of those economies are still under the process of recovery. Hence, the current economic environment is not favourable for the company. Socio-cultural factors Historically, music is present everywhere regardless of cultural variables such as customs, lifestyle, language, values, and beliefs. Hence, socio cultural factors provide the company with potential business environment. Technological factors The technology sector has been dramatically improving for the last two decades. The emergence of internet was a milestone in the history of music entertainment industry (BBC News, 2000). Therefore, current technological landscape is better for EMI’s business growth. Legal factors Governments worldwide have developed strict intellectual property laws and many of them specifically deal with music piracy issues. Thus, music entertainment industry is encouraged globally. Environmental factors People today are highly concerned about environmental sustainability. Therefore, increasing environmental concerns raise some sorts of challenges to every sector, and music entertainment industry is not an exception. Hence, EMI has to invest more on environmental sustainability so as to enhance its business growth. Porter’s five forces Degree of rivalry While analyzing the music entertainment industry, it seems that degree of competitive rivalry is very high. Since EMI is a multinational company, it struggles to confront with regionally focused rivals that are more knowledgeable about people’s music tastes. Hence, the company is forced to depend upon price cutting and M&A strategies to survive market competition. Buyer power In music entertainment industry, buyer power is relatively high since there are numerous potential sellers. In addition, market giants like Sony offers quality products to customers at cheaper rates; this situation compels EMI to cut its prices in order retain its customers. Supplier power EMI has high bargaining power over its suppliers as the organisation is well reputed for its quality music prod ucts and services. Since there are large number of potential suppliers in the industry, supplier price changes would not affect EMI’s business activities. Moreover, supplier switching cost is very low in the music entertainment industry. Threat of new entrants Threat of new entrants is very high in the industry, particularly because of the

Unit 4-Money & Finance (ASUSTek) Research Paper Example | Topics and Well Written Essays - 500 words

Unit 4-Money & Finance (ASUSTek) - Research Paper Example In 2013, the companys profit index was 59, 570.1 (ASUSTek Computer Inc, 2015). Consequently, the profit margin in 2014 was 65, 383.8 was a significant increase from the year 2013. The sales in 2013 were impressive as most of the products in various markets were sold off. The company sold about 50% of its stock in 2013. In 2014, the companys stock positive rallied with the market registering 63% of the sales (ASUSTek Computer Inc, 2015). The companys profit index has been on the incline over the last two years. In 2013, the company had a profit margin of about 59, 570.1. ASUSTek was productive in the subsequent year gaining by almost 3% to register a profit margin of 65, 383.8 (ASUSTek Computer Inc, 2015). The companys productivity can be linked to better strategic orientation and planning. ASUSTek Computer Inc uses its resource to create revenues based on a combination of factors. Most of the companys resources go into the development of strategies aimed at enhancing the organizations productivity. The company conducts frequent market surveys to determine key sectors of the market that require certain products (Global Sources, 2010). Consequently, the company employs its resources to promote its products through advertisements and branding. Moreover, most of the resources are used in the technological processes. Such tendencies aid the company to gain leverage over other entities in the market. One of the most important lessons learned about the company is that it has continued to grow over the past few years after the recession period. Over the past four years, the companys profit index has significantly increased effectively making it one of the global market leaders. The companys growth can be linked to the unique strategic instruments employed by the company. The areas of promotion, pricing and distribution mix are key to the companys productivity in the market. The company has registered significant

Reading Reflection Essay Example | Topics and Well Written Essays - 750 words - 2

Reading Reflection - Essay Example Indeed, Gatsby is able to reinvent himself as an epitome of affluence and a typical American success story. However, the self reinvention secured by Gatsby is lacking in substance and integrity and he comes out as a love sick young lad who manages to somehow accumulate the patina of the great American dream, managing to shimmer monetarily on the surface of the social scene of the New York of the 20s, and then fading away unsung and least mourned. If evaluated within the scope of reinvention in the light of the American dream, the self reinvention wrought out by Gatsby comes out as being merely skin deep. It is an irony that the popular notions regarding the American Dream mostly tend to hover around pecuniary considerations, while in reality; American Dream is a concept that is too substantial in its scope and ramifications. In the light of this fact, Class does play an important role in the life of Gatsby, especially more so in his early life, when being an ordinary boy from a humbl e background; he falls in love with Daisy, a girl endowed with means and status. The tragedy of Gatsby was that instead of building his reinvention on integrity and substance, he chooses to opt for the easy way out, to seek a short cut promising an easy and early class shift. In that context the reinvention of Gatsby needs to be analyzed in the light of the times he is placed that is the early 20s. That era was an era of affluence when the social barriers and considerations had become quiet lax (Gross & Gross 23). Besides, the accompanying prohibition offered an easy chance to any daring and willing young man to be a millionaire through shady means. Placed amongst such times, Gatsby, a poor, hurt and dropped young man gets attracted to an idea of reinvention that happened to be purely materialistic, exhibitionist and questionable with regards to the means that it adhered to, to emerge as a success. The other thing that needs to be noticed regarding the reinvention of Gatsby is that till the very end he is evasive of his humble family background. No doubt, Gatsby affiliated to a poor family. In the light of this fact Daisy emerged in his life not only as an object of love, but also as symbol of affluence, status and riches, a kind of life that in a way mocked the humble family background of Gatsby (Bloom 140). Placed in such circumstances it was but quiet natural for a young man to evade his family background out of shame, to enamor his love with pretentions of richness and plenty out of passion, and to aspire to be rich out a belief in one’s potential and sense of daring. Yet, the war spoiled Gatsby’s chances with Daisy and stung by it he somehow felt that it was his humble background and limited means that were really responsible for this. So the young man somehow prepared himself to vehemently reinvent himself to appropriate all that the society of his times associated with status and class. The actual talent and potential of Gatsby eventually gets lost in the din of popular aspirations and pretentions as the writer reveals, â€Å"The truth was that Jay Gatsby, of West Egg, Long Island, sprang from his Platonic conception of himself. †¦ So he invented just the sort of Jay Gatsby that a seventeen year old boy would be likely to invent, and to this conception he was faithful till the end (Fitzgerald Chapter 6).†

Book review Essay Example | Topics and Well Written Essays - 3000 words

Book review - Essay Example Rotman School of Business at the University of Toronto. Don Tapscott’s Grown Up Digital (2009) examines the life of people who have grown up in the digital age. Tapscott’s idea for the book initially arose in the 1990s after viewing the rise of internet technology within his own family. He realized that the current generation is demonstrating proficiency with the internet and digital technology which the past generations can’t keep up with and this is making them notably different from these past generations. As a strategic business analyst he realized that it would be important to gain an in-depth understanding of this phenomenon, so he commissioned a large scale study to investigate the issue; the book is comprised from information the study found and personal insights from the author. One of the foundational assumptions of the book is that the defining characteristic of the post-Generation X generation is the overwhelming influence the world-wide-web has had on their lives. In characterizing this influence, the author deems this generation the Net Generation (refusing to settle on the often used Generation Y moniker because it ignores the highly individual characteristics of this new generation). According to Tapscott, the Net Generation spans from 1977 to 1997, including even more births than the Baby Boomers. Indeed, they have been deemed the Echo Generation in response to the Baby Boomers’ initial post-war explosion. One of the major tenants of the research is that because of the current explosion of the internet, the world has become a much more integrated place. Since globalization has progressed to this degree the research necessarily focused on international elements as well as those within the United States. John Geraci, the project manager of the research, stated, â€Å"For the first time ever, we can speak of a worldwide youth generation† (Tapscott, pg. 23). As a result, the research included twelve countries,

International Financial Reporting Standards Assignment - 1

International Financial Reporting Standards - Assignment Example More than 100 countries have formally accepted IFRS as the standards for preparing financial statements and to become compatible with each other. IFRS are issued by the International Accounting Standards Board (IASB), a private sector international body. In fact, IASB itself is a new body, which emerged on the international scene in the year 2001, by replacing the International Accounting Standard Committee (IASC). With the increasing acceptance of these standards around the world, it appears all the more necessary for multinational enterprises (MNE) and countries with a global presence, that they should adopt the IFRS in order to make their functioning more acceptable in these areas. This will not only help the MNEs to save on their resources, but it will also help them in making use of similar modular and portable systems for accounting. There are many countries where the IFRS are not yet in use, but even in such countries, IFRS inspired standards are now being used. This helps in making the fullest use of the globalization and liberalization practices. Therefore it is in the interest of US companies that they should adopt the IFRS in all sincerity and make the best use of the available opportunities. In fact, adopting uniform standards will also help in tracking financial irregularities and thinking of appropriate solutions. Key benefits of going for IFRS include; i. Streamlining of reporting of the financial health of the company ii. Cost reduction - as companies will be able to make standard packages iii. Consistency in operations and financial details iv. Comparison with international competitors becomes easier. v. Better opportunities for accessing capital markets  

Gideon v. Wainwright Assignment Example | Topics and Well Written Essays - 250 words

Gideon v. Wainwright - Assignment Example This holding was informed by the rationale that it is common sense that lawyers form an integral part in the due process as they ensure that defendants get fair trial, which is not only criminal justice system’s objective but also constitutional requirement. The holding was also informed by the following precedents: Powell v Alabama; Smith v O’Grady, and Grosjean v American Press Co (Perry 46). The 14th Amendment imposes the obligation upon the States to appoint counsel for poor defendants. Since the defendants constitutional rights should be upheld at all times, defendants should have the right to have assistance of counsel for their defense. The 14th Amendment is very categorical that no State shall enforce any law which shall violate the immunities of the United States’ citizens; nor deny any person within their specific jurisdiction the equal protection as required by the law (Perry 11). Therefore, Gideon should have been entitled to defense counsel in the trial