Study On The Different Markets In Finance Finance Essay - Free Essay Example

Sample details Pages: 6 Words: 1876 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? Financial market is a mechanism that allows people to buy and sell financial securities, commodities and other fungible items to value at low transactions costs. It divided into money market, capital market, derivation market and offshore market. Money market involved in short-term borrowing and lending of fund with original maturity of one year or shorter than one year (maturity lt;1 year). Economic agents with short term excess funds can lend to those who need money market instruments to raise funds. Commonly, money market trade involves treasury bills, Federal funds, commercial paper, repurchase agreements, banks acceptances and certificates of deposit. Sometimes, this money market instruments also can be called as paper. It provides liquidity funding for the global financial system. Money market instruments trade for only short periods of time, so the fluctuations in secondary market prices are usually quite small and less risky. Capital market is a market that issue securities such as debt and equity, where business firm and governments can raise their long-term funds through selling the securities to start up operation or long-term investments. Times of maturity for capital market actually is more than one year (maturity gt;1 year). Besides that, capital market can be classified into primary market and secondary market. In primary market, business firms and governments issues new stock or bond and sell them initially to the public. The secondary market is a collection of financial market in which previously issued securities are bought and sold among the traders and investors. Trading in the capital market involves municipal bonds, treasury notes and bonds, corporate bonds, corporate stocks and mortgage-backed securities. Fluctuation price for capital market securities in secondary market are more risky due to long period of time compare to money market securities. Money market and capital market also known as debt market. Charac teristics and structure of interest rate in money market are fixed income investments and less risky. The reason is money market investments are that many of them are backed by the Malaysian government, so return is practically guaranteed. This makes money market investments become an attractive choice for investors with short-term goals. Capital market can be divided into several sub-markets such as bond market and stock market. Sometimes, it can be also know as debt market and equity market. Two of this market can generate capital by selling bonds and selling stocks. Now, I will explain structure of interest rates, issuers of debt and equity and the characteristics of these securities each other in the capital market. Bond market majority of trading volume occurs in a decentralized, over-night-market. This trade more frequently occurs between bond dealers and large institutions like mutual funds, pension funds and insurance companies. Dealers bid for bonds that investors seek to s ell and offer bonds from their own inventory when investors want to buy. This is especially true for the very active treasury securities market. However, a small number of corporate bonds are listed on centralized exchanges. Characteristics of bonds are debt obligation securities that public corporations, companies, federal government and local government issue to fund various projects or operations. It also knows as fixed-income securities. This is because investors or bondholder know both of how much they will receive in interest payments and when their principle will be returned. At the time of purchase, the bonds interest payments and par value expected at maturity are fixed and known. Over the time, economy wide interest rates change but the bonds coupon rate remains fixed. . A rise in prevailing interest rates also called increasing the discount rate reduces all bonds value. When interest rates rise, newly issued bonds offer to pay higher interest rates than the rates offered on existing bonds. So to sell an existing bond with its lower coupon rate, its market price must fall so that the buyer can expect a profit similar to that offered by newly issued bonds. The fact is that when the prevailing interest rates change, the prices of existing bonds will change. It is knows as interest rates risk. Interest rate risk means that during periods when interest rates change substantially or quickly, bondholders experience distinct gains and losses in their bond inventories. But interest rate risk does not affect all bonds exactly the same. Short-term bonds experience little or no fluctuation in their prices and thus expose the bondholder to little interest rate risk. Different interest rates apply to bonds with different terms to maturity. This concept is known as the term structure of interest rates. Three main bond issuers for bonds are treasury bonds, corporate bonds and municipal bonds. Treasury bonds are the safest fixed income investments in the world. B esides that, investors or manager can raise their capital by issuing corporate bonds to finance investments in inventory, plant and equipment, research and development and general business expansion. Last by not least, municipal bonds are local and state governments borrow money to build, repair, or improve streets, highways and so on. A stock market is a public for the trading of company stock (shares) and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately. The well-known stock exchanges include New York Stock Exchange (NYSE), American Stock Exchange (AMEX), Nasdaq Stock Market and foreign markets. New York Stock Exchange (NYSE) the Big Board is the most famous and one of the oldest stock markets in the world. While American Stock Exchange (AMEX) is the second largest stock market. Major issuers in stock markets are common stock and preferred stock. Common stock represents ownership shares in a corporation. It offe rs buyers the potential for current income from dividends and capital appreciation from any stock price increases. Preferred stock also called preferred shares is a special equity security that has properties of both an equity and a debt instrument and is generally considered a hybrid instrument. Preferred stock usually carries no voting rights. Stockholder has the right to exchange the bond or preferred stock for a fixed number of shares of common stock. Fluctuation price for stock are more risky and the interest rate earned are more higher compare to money market due to the long time period take place. Federal Reserve System also known as the Federal Reserve is the central banking system. Central bank act as an institution designed to oversee the banking system and regulate the quantity of money in the economy. Role of Federal Reserve System in which that bank institution must hold certain of fraction of deposits as reserves in their bank plus its deposits at central bank (BNM) . The primary reason of creating the Federal Reserve System is to address the problem of banking panics. The following role of Federal Reserve System are serve as the central bank, supervise and regulate banking institutions, protect the credit rights of consumers, manage the nations money supply through monetary policy to achieve the goals such as maximum employment, stable prices and prevention inflation or deflation. In addition, Federal Reserve System also moderate long-term interest rates, facilitate the exchange of payments among regions, respond to local liquidity needs and finally strengthen the world of the economy. Federal Reserve System, banking system and monetary policy has a close relationship between each. They are all control by central bank in each of country. Central bank in Malaysia also knows as Bank Negara Malaysia (BNM). Monetary policy is the process by which the monetary authority of a country controls the supply of money towards the growth and stability of t he economy. Tools of monetary control includes the required reserve ratio, the discount rate and open market operations where the central bank estimate what amount of money supply will be affected. Money supply can be measure through M1 and M2. M1 is the narrowest of money supply such as currency outside banks plus checkable deposits plus travelers check while M2 represents as a broader of money supply it includes all of the components of M1 plus small denomination time deposits plus savings deposits plus other deposits. Let us discuss the tools of monetary control which has the close relationship between Federal Reserve System, banking system. Open-Market Operation (OMO) is the purchase and sale of government securities in financial markets so as to influence the size of bank deposits. During the inflation, Bank Negara Malaysia (BNM) will sells bonds to the market and individuals or firms who purchase government securities pay by writing cheques drawn against their own banks and ma ke payable to BNM. The amount on the cheque shows how much the bank owes the BNM. The payment of this cheque amount owed to the BNM will reduce the banks deposits and as a result, cash reserves and quantity of leading of the banks are reduced. Banks cannot create credit easily and this leads to a decline of the money supply. When the deflation happens, Bank Negara Malaysia will buy bonds from the market and pay with cheques drawn against the BNM and payable to the households and firms who sold the bonds. At the same time, households and firms will deposit the cheque that they receive to their own banks. Banks present the cheques to BNM for payment and this will increase the deposit of the banks. As a result, expansion of money supply will happen. In Malaysia, Open-Market Operation (OMO) is not effective as the public holds very little government securities which is less than 3% because of the low interest rate. The largest buyers are the insurance companies. Second tool of moneta ry control is required reserve ratio which defines as the regulations on the minimum amount of reserves that banks must hold against deposits. BNM has the power by law to alter the required minimum reserve ratio. An increase in reserve requirements means that banks must hold more reserves and can loan out less of each Riggit Malaysia (RM) that is deposited. As a result, it raises the reserve ratio, lowers the money multiplier and decreases the money supply during the time of inflation. Besides that BNM will decrease in reserve ratio and banks will hold less reserve and they will have excess reserves to be lent out. As a result, it raises the money multiplier and increases the money supply in deflation time. Finally, I will explain the last tool use by the Central Bank in monetary control is discount rate. It is defines as the interest rate on the loans that BNM makes to banks. BNM can alter the money supply by changing the discount rate. A higher discount arte discourages banks from borrowing reserves from BNM. This will reduces the quantity of reserves in the banking system and reduce the money supply in the market during inflation. In the opposite side, a lower discount rate encourages bank borrowing from BNM. This will increases the quantity of reserves and increase the money supply during deflation. Finally, this tool of monetary control does not mean that central bank will use it when inflation and deflation happen. Central Bank or BNM will use it efficiently and necessary to achieve their goals which is to balance the economy in the world. Besides that, Central Bank also try their best to maximum the customers satisfaction and reduces the panic until minimum when inflation or deflation happening. Don’t waste time! Our writers will create an original "Study On The Different Markets In Finance Finance Essay" essay for you Create order

Religion is Faith Based - 2058 Words

Religion is â€Å"faith Based† for a very obvious reason. Proof is extremely difficult to find, eyewitness accounts are sketchy or written from oral descriptions then scribbled down from memory of â€Å"eyewitness†. Jesus never wrote down any of his teaching, the first mention of Jesus was recorded by Paul approximately 15 years after Jesus death.. The material that I have researched stated that some of the events in the gospel were re-written and changed languages from Aramaic to Greek to Latin and some written words changed meanings between languages also, during the re-writing some of the facts could have been enhanced or eliminated. . During re-writing the events some of the facts could have been enhanced or eliminated. Scholars have stated there is no real concrete lineages to where and when the information came from accept the bible. Written information was rare during the times of Jesus. Now that I have started a disclaimer written in almost all the books the following are the â€Å"facts† I have found to justify my argument. Christianity is a historical religion that is based on Jesus Christ. It is based on Jesus Christ who was born in a stable, executed as a criminal at age 33; according to the bible he never traveled more than 90 miles from his place of birth. There is no written history that he owned anything accept for the cloth on his back, he never attended a formal school. Jesus was born in Nazareth which was located in lower Galilee. Galileans were peasants. The peasantShow MoreRelatedFaith Based On Belief Of Religion1675 Words   |  7 PagesFaith based on belief in the supernatural has been prevalent for the duration of mankind’s recorded history. Every culture around the world, past and present, has developed or adopted a dominant belief system. These belief systems could include the ancient traditions like Greek polytheism, Mayan ritual worship, or Hinduism as well as modern religions such as Christianity, Islam, or Judaism. By preaching goodwill and the golden rule religion has playe d a significant role in promoting ethics in societyRead More Judaism, Christianity and Islam: The Three Oldest Religions are Based on Faith and Commitment1458 Words   |  6 PagesReligion in all aspects is based on faith and commitment. It starts with a faith that people have in something that they have not seen. I have always wondered about the faith people show for their religion. No matter what is happening they stay strong in whatever it is that they believe in. Humans have come a long way from the beginning of time when it comes to forming religions. There are so many different kinds of religions out there in this world right now. And all those religions come from someRead MoreIs Faith a Good Basis of Knowledge in Religion?1328 Words   |  5 PagesFaith in the context of religion is being used to identify a token of confidence. It is important to understand that faith is the source of religion and therefore can exist without religion however religion can certainly not exis t without faith . Religion has been seen as a method of rationalizing various cultural phenomena which characterize the human agency, the human way of acting, reasoning, and feeling. Despite the lack of knowledge on religion it still manages to influence moral values. ReligiousRead MoreFaith-Based Funding1677 Words   |  7 PagesFunding Faith-Based Organizations A trademark of the United States citizen is the desire to help their fellow man. By the government funding social programs, taxpayer money is granted regardless of race, faith, or sexual preference. If a group wants to receive government funding, then complying with all laws, rules and regulations is perfunctory and their core philosophy may not be used as a basis for discrimination. By extending special assistance to faith-based organizations (FBO), the federalRead MoreEssay Faith In Religion And Science1123 Words   |  5 Pagesmankind religion has been one of the most significant elements of a society’s social and cultural beliefs and actions. However, this trend has declined due to the general increase in knowledge regarding our the natural sciences. Where we had previously attributed something that we didn’t understand to the working of a higher power, is now replaced by a simple explanation offered by natural sciences. While advocates of Religion may questi on Natural Sciences by stating that they are based on assumptionsRead MoreReligion s Effect On Religion Essay1333 Words   |  6 PagesReligion is an extremely complex topic with many different outlets for discussion. 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However, the problems begin when they thinkRead MoreSchool Should Be A Place Of Unification Between People And Religion1212 Words   |  5 Pagesbetween people and religion where students can grow into one society. In reality, students turn against, and this disables classmates to bring tout the best of a person. School becomes a fighting ground between religion freedoms in rights as a response to the outrage of the students. The First Amendment preserves the freedom of religion and speech, but people are being restricted of their religious rights. The founding fathers of America tried to create a Constitution where no religion is persecuted.Read MoreComparing Religion And Science From A Sociological Viewpoint1478 Words   |  6 PagesQuestion:1. Compare and contrast religion with science from a sociolog ical viewpoint. Is science just another form of religion, with people like physicist Stephen Hawking among its high priests or mullah? Are science and religions simply both similar social constructions? In your response to this question, specifically consider both how irrational social factors influence everything, and the relationship between faith and proof. First of all, There are a number of debates about the similaritiesRead MoreFaith Based Programs Are Effective With Changing Offender Behavior1338 Words   |  6 PagesDo you believe that faith-based programs are effective with changing offender behavior? Well, even though there seem to be a lot of empirical precedents that suggest a â€Å"positive association between religious involvement and beneficial outcomes, existing outcomes research in faith-based settings have treated the faith in faith-based services as a contextual factor rather than a programmatic one† (Ferguson, Wu, Spruijt-Metz, Dyrness, n.d.). According to Fisher and Ragan (2003 2004), there are

Secrecy, Good, Bad, Or Both - 1844 Words

Secrecy. Good, Bad, or Both? Is the Intelligence Community making us safer? Yes, they are. They make mistakes but these mistakes can not so easily be forgotten. The case of the FBI, CIA, and NSA and 9/11 overwhelming proves that secrecy prevented the U.S. from being able to protect itself. Secrecy must be balanced and knowing this can help us make changes. Are intelligence agencies making us safer and more secure by hiding things, covering up details, and becoming more and more secretive? I would say we still have a long way to go before we can say that we are safe. Secrecy isn’t making us safer, and the freedoms that are trampled on by the Intelligence Community isn’t my definition of safety. And that is the point. There are many†¦show more content†¦Ethics must change. The mission and values that the FBI, CIA, and NSA broadcast and say they have must be adhered to, not just glanced at as a suggestion. Intelligence operations aren’t easy and rule breaki ng is prevalent in these jobs because of the nature of the work, but this doesn’t give intelligence communities permission to lie to the people. Making the pledge to protect American citizens cannot go hand in hand with spying on them. But in the case of secrecy, a clear side really can’t be chosen by all. Not everyone will agree that secrecy is either good or bad. Some secrecy is good, it saves missions and lives and helps, in some cases, to take out people who have intentions to hurt Americans. But the secrecy that prevents safety is the secrecy that should be unacceptable. In all, the Intelligence Community has an extremely difficult and sometimes morally and ethically ambiguous job. But striving to maintain truth should be a great effort. This has to be fault for by those supposedly in charge. The President and Congress struggle for control of the Intelligence Community. The United States Intelligence Community continually finds ways to operate without democratic accountability, and because of this, in 1975, things had to change. The U.S. Intelligence Community went basically unsupervised until the Watergate Scandal. When Nixon went about using the FBI and the CIA in the wrong capacity. Changes to the Intelligence Community

The Wife Of His Youth And Mrs. Spring Fragrance - 1399 Words

Ever since the days of World War I, women have been seen as second rate to men. They had to live up to many social standards that men didn’t have to and had strict guidelines on how to live their lives. This all changed when modernism deliberately tried to break away from Victorian Era standards in which women were subjugated to a lot more scrutiny. Ezra Pound, who was a large figure in the modernist movement, captured the spirit of the era in his famous line â€Å"Make it new!† Consequently, many writers started to experiment with many different and wild writing styles, which led to the short stories and poems we have today. The stories The Wife of His Youth and Mrs. Spring Fragrance were all written in this era of modernism. While they are written in a more traditional style of writing, both these stories have strong implications on feminism from the viewpoints of both male and female writers. The Victorian Era women was vastly different than the female we think of no wadays. Women during that time were expected to fulfill more of a domestic and motherly role, one that stayed at home and took care of the house. They were confined within the private sphere of the world while the men toiled away in the public sphere. The ideal Victorian women was described as: The women were expected to carry out the duties of the house without complaint and to remain diligent to her husband, as well as God. During this time, motherhood transformed from just being a child bearing figure toShow MoreRelatedComparision Between Vietnam and Uk Wedding4240 Words   |  17 PagesConducted by Nguyen Thi Thu Huyen - FA9-2001 ----------------------------------------------------------- Acknowledgement I am deeply grateful to Mr Tran Huy Phuong, of Hanoi University of Foreign Studies for his valuable instruction, corection, comment and assitance during the development of my report. I would like to give a big thank to the English Department for giving me an opportunity and encouragement to complete my research. Finally I also would like to convey my thanks to all of my friendsRead MoreAmerican Literature11652 Words   |  47 Pagesstyle Effect: ï‚ · common readers are alienated by this literature Historical Context: ï‚ · ï‚ · ï‚ · overwhelming technological changes of the 20th Century World War I was the first war of mass destruction due to technological advances rise of the youth culture Harlem Renaissance period of American Literature - 1920s The Harlem Renaissance period runs parallel to Modernism Content: ï‚ · ï‚ · ï‚ · celebrated characteristics of African-American life enjoyment of life without fear writing definesRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pagesperceive in products and services is becoming an enormously powerful influence on the continuing strength of customer spending, especially when times are tight. Study of the current economy indicates that when today’s consumer is completely satisfied with his or her product or service purchase, he or she tells six other potential buyers. In contrast, a dissatisfied consumer informs 25 other potential buyers. That is the leverage of quality in shaping consumer sentiment, which is vital in powering the two-thirdsRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagespharmaceutical industry. TUI – competitive forces in the travel industry. HiFi – how can small players survive changing markets? Amazon (B) – latest developments in a successful dot.com. Form ula One – developing the capabilities for competitive success in a hi-tech industry. Manchester United – clash of expectations in the football world. Salvation Army – strategic challenges for a global not-for-profit organisation with a mission. Bayer MS – corporate social responsibility in the international developmentRead MoreMarketing Management130471 Words   |  522 Pagesmarketing team makes decisions about the controllable parameters of the marketing mix. 3.4 THE MARKETING MIX (THE 4 P S OF MARKETING) The term marketing mix became popularized after Neil H. Borden published his 1964 article, The Concept of the Marketing Mix. Borden began using the term in his teaching in the late 1940 s after James Culliton had described the marketing manager as a mixer of ingredients. The ingredients in Borden s marketing mix included product planning, pricing, branding, distribution

The Civil War Essay - 947 Words

Katherine Cardenas Thomas Meade November 8, y Second Inaugural Address In Comparison to Emily Dickinson’s Success Is Counted Sweetest Both The Second Inaugural Address and Success is Counted Sweetest were referenced about the Civil War. Lincoln’s Second Inaugural Address took Socrate’s rhetorical approach in that Lincoln tried to influence the souls of his audience. Dickinson’s Success is Counted Sweetest was less direct to her audience but nonetheless conveyed her message go triumph being more significant to he who failed rather than to he who attained victory. The Civil War, according to Lincoln, was God’s will for punishment against the slavery committed. Lincoln speaks heavily about religion and his certainty that God brought†¦show more content†¦Ã¢â‚¬Å"Both parties deprecated war, but one of them would make war rather than let the nation survive, and the other would accept war rather than let it perish, and the war came.† Towards the end of the speech, Late President Lincoln uses oxymorons indicating how the whole premise as to why we went to war was resolved before the war itself even ended. The arrangement and appeal of the choice of words was highly premeditated to reach the desired outcome; reaching to the souls of the people. On the same token, Lincoln pointed out that both sides looked for the easy route to the victory, both parties read the same Bible, and prayed to the very same God, and both asked God to help them in triumphing over the other. Here is where Lincoln brings in the argument: â€Å"If we shall suppose that American slavery is one of those offenses which, in the providence of God, must needs come, but which, having continued through His appointed time, He now wills to remove, and that He gives to both North and South this terrible war as the woe due to those by whom the offense came, shall we discern therein any departure from those divine attributes which the believers in a living God always ascribe to Him?† He challenged his people by forcing them to silently look within themselves in order to reflect on how true and synonymous they were without being outrageous. Be that as it may, DickinsonShow MoreRelatedThe War Of The Civil War921 Words   |  4 PagesThere are no doubts that acts of war can have a negative impact on the individuals involved. There are countless stories of the soldiers’ experiences in the war, and how it affected their lives, families, and attitudes. 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Abraham Lincoln won the election of 1860 without a single vote from the states below the Ohio River. South Carolina was the first state to respond to Li ncoln’s election. On December 20, 1680, South Carolina seceded from the Union. South Carolina was the first of the â€Å"Original Seven† who seceded from the Union, including Mississippi, Florida, Alabama, Georgia, Louisiana, and Texas. This became known as â€Å"secessionRead MoreThe War Of The Civil War1039 Words   |  5 PagesThe civil war is by far the bloodiest war in American history. In the four deadly years of war, over six-hundred thousand Americans were killed. Many disputes that led to the civil war. These conflicts started under President James Buchanan who was a Democrat elected in the election of 1856. The issue of slavery, states’ rights, the abolitionist movement, the Southern secession, the raid on Harper’s Ferry, the election of Abraham Lincoln all contributed to the start of the civil war. 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He also did not approved of slavery at all. Newt was the Outlaw who freed Jones County s people, whites and blacks alike when they mostRead MoreThe War Of The Civil War1723 Words   |  7 PagesThe Civil War is by far the bloodiest war in American history. In the four deadly years of war, over six-hundred thousand Americans were killed. Many disputes that led to the civil war. These conflicts started even before the presidency of James Buchanan, who was a Democrat elected in the election of 1856. The issue of slavery, states’ rights, the abolitionist movement, the Southern secession, the raid on Harper’s Ferry, the election of Abraham Lincoln all contributed to the start of the Civil War

Competitive Strategy and Business Model

Question: Discuss about the Competitive Strategy and Business Model. Answer: Introduction: This report discusses two business keywords, which include strategy and business model. The report states the importance of strategy and business model for an organization, and their process and application in the organization too. The two organizations that are McDonald and Dell Ltd are selected to discuss what strategy is and importance of innovation in the business models in the organizations. Idea In actually, what strategy is and its implementation The word strategy is one of the complex keywords in the corporate world. Today, the reason for the failure of most of the startups or well set up organization is incapability of management to exactly define what are organization goals and its strategy. The strategy defines that where the organization is competing, how to strategically position itself in such that it pushes consumers to buy the products of the organization when a large number of similar products are available in the market. Along with this, it also defines that what uniqueness the product of organization has, what unique value organization create, how to sustain the values in the market and what resources organization uses to do the valuable delivery of the product (Kryscynski, 2015). There is a big difference between the goals and the strategy, and to get the success, it is necessary for the organization to separate those two things properly but with alignment. For example, if any organization calming that they want to be the low-cost provider that has value in the perception of consumers, then this is their goal, here the strategy of the organization is to find out the ways of low-cost production and delivery of them that is different from the other organization and creates a unique position. The actual meaning of strategy is to plan, design and implements the various activities to achieve the goals of the company. The uniqueness of idea is not the only way to get success, timely implementation of the unique idea is also required and this timely implementation known as a strategic implection and control (Freedman, 2013). Therefore, integration of idea and strategy is the sine qua non to get success for any organisation. Organization McDonald McDonald is the a famous chain of fast food restaurants having a presence in more than 120 countries. McDonald is one of the successful organizations in the global market which can be attributed to its successful strategy of standardizing processes (McDonald, 2016). There is also a large number of organizations in the market that are related to fast food chain but they are not as successful as McDonald is. The reason behind of success of this organization is to do proper defining of organization goals and organization strategy. The tactics that organization uses to deliver their product is very efficient. The organization sells hygienic food at the reasonable prices. The goal of the organization is to be a global leader by using different - different strategies. The organization acts as a domestic player but relies on the global market. They have different strategies in the different market. The organization makes its strategy flexible and implements it in the market as per the need of the business, for instance, pricing strategy. McDonalds target customers are the age group of 18 to 30, so it does pricing of its products accordingly (Verweire, 2014). The organization does not change the quality of product despite the change in price. McDonald does not have a same price of the product in the market. Somewhere the price of their product is high for example, in USA, UK and somewhere it is low such as in India as they customize their strategy as per the local market. Company maintains an overall strategy across the world and to some extent, it is customized based on the different cultural and local factors to achieve the overall company goals. Key Ideas: The success of business depends to a great extent upon the organization's business model. Business model has vital role in the success or failure of the organizations. To get success, it is necessary for the organization to reinvent their business model as per time and demand of the market. Those organizations that do not bring innovation in their business model, cannot sustain in the market. Nokia is the live example that came to bottom from highs due to obsolesce of its business model. Every organization has a good amount of productive employees, sufficient resources, and adequate market knowledge but all the organizations do not have same revenue generation (HSGUniStGallen, 2013). It is a business model that makes them different from others. The innovation of business model does not mean that organization change their whole business model or create that thing that has never been happening in the industry. Organization uses the adequate process to restructure the business model. Th e ideal process of restructuring business model is initiation, ideation, integration and implementation. It includes the analyzing of the current structure of business, compares with other business models, benchmarking, checking the consistency of the business, and then implement the changes that require for achieving success. However, the possible impact of change should be properly evaluated and analyzed before implementation to preclude the bad impact of the change in the organization. Sometimes the initial results came from the changes are negative but the organization should have a long-term commitment towards it (Kaplan, 2012). The business model is the heart of the organization and timely restructuring of it is mandatory for the organizations to keep running and maintain sustainability in the market. Organization Dell Dell is the multinational IT Company having a large customer base. The origin of dell is from the USA. The product line of dell is not large but it deals with limited product lines. The major products of the organization are personal computers, softwares, and printers. The organization was successful in implementing an innovative business model where customers could directly place the customized orders of PCs and laptops as per their requirements. The organization put full effort to maintain the productivity in the chosen business model (Dell, 2016). They also do a restructuring of their business model timely which has been the case over the period of last few years. Dell is famous for the innovation in their supply chain in its business model. Dell has various supply models. In one model, company sells their product with the help of retailers and their own exclusive stores like another company, and the second one is termed as configure via order and built as per customer desire. Und er this supply chain model, Dell makes the product as per the demand of the customer. The organization takes orders from the customer as per their requirements of features, organization take these order via their own websites. In this process, organization enjoys big profit because the organization makes a direct contact with customers (Afuah, 2014). These supply chain structure also increase the reliability, sustainability or trust of the organization in the market because these structures satisfies the actual need and desire of the customers. Conclusion: From above report, it can be concluded effective strategy which is well defined and effectively executed is the most important weapon of the organization to combat the competition in the market. At the same time, innovation in business model play a vital role in the success of the organization too. Innovation and creativity in its business model differentiate the organization from others as well as create a distinct value of the company in the market. References: Kryscynski, D. (2015) [Online]. What is strategy?. Available at: https://www.youtube.com/watch?v=TD7WSLeQtVw [Accessed: 24 August 2016] HSGUniStGallen (2013) [Online]. Business model innovation. Available at: https://www.youtube.com/watch?v=B4ZSGQW0UMI [Accessed: 24 August 2016] Freedman, s. (2013) Strategy: A History. Australia: Oxford University Press. Verweire, K. (2014) Strategy Implementation. UK: Routledge. Kaplan, S. (2012) The Business Model Innovation Factory: How to Stay Relevant When The World is Changing. USA: John Wiley Sons. Afuah, A. (2014) Business Model Innovation: Concepts, Analysis, and Cases. UK: Routledge. Dell (2016) [Online]. Company Information. Available at: https://www.dell.com/learn/in/en/incorp1/about-dell [Accessed: 24 August 2016] McDonald (2016) [Online]. About us. Available at: https://www.mcdonalds.com/us/en-us/about-us/our-history.html [Accessed: 24 August 2016]

Marion Isaac McClinton listening for the music Essay Example For Students

Marion Isaac McClinton: listening for the music Essay Theatre is not only a profession for playwright, actor and director Marion Isaac McClintonhe readily acknowledges that it saved his life. It kept me sane, he says. It kept me focused. It was something I could look at and say it was positive. This Minneapolis-based artist, a former drug user and alcoholic who dropped out of high school to experiment with life, relaxes while sipping tea and reminisces about days when things did not look so promising. One night after a wild excursion, I concluded I had to do something quick or Id be dead before I was 25. That something came about by chance the next day when he answered a newspaper ad, auditioned for The River Niger and got the part of Chips. That began his commitment to the theatre, which ultimately gave him the impetus to put his life back together. The eyes have it McClintonan imposing figure, standing over six feet with broad shouldershas a serendipitous temperament, a robust laugh and a booming voice well suited to the stage. His animated face is ideal for a gamut of roles, but his eyes tell the intimate story of his life: they reveal passion, troubled times, conviction and an innate wisdom beyond his 38 years. Despite his fortuitous start in the theatre, there was nothing impulsive in McClintons desire to act. He vividly recalls being enthralled by movies starring Marlon Brando and Sidney Poitier as an adolescent, and acting out roles to amuse friends and family members. But McClinton did not hit his stride as an actor until he was invited to become a member of St. Pauls Penumbra Theatre Company. Something very special happened in the late 70s in the Twin Cities, he says. You can call it a harmonic convergence. We had found something new and were discovering something inside ourselvesand it was exciting and challenging and we stayed with it through the highs and lows. There were years when we worked for freesometimes 14 hours a day, overcoming unbearable obstacles. There are a lot of actors, designers and directors who left blood on that stage from smashing their thumbs. McClinton spent years expanding and honing his craft as a journeyman actor, literally accepting any role that came his way. Marions acting, like all good art, is created out of special circumstances, reflects Penumbra artistic director Lou Bellamy, who has steered McClinton through scores of productions. He goes for the physical rather than the verbal gymnastics. He looks for the physicality in his choice; and he instinctively spots the rhythms, nuances and gestures that reveal those physical qualities. It was when he turned to directing that McClinton quickly learned the danger involved in diving into deep water without knowing how to swim. I secured the rights to this play, I won the battle to direct it, but when I started to study the play it didnt make sense, he recalls. Thats when I realized what I was dealing with in Waiting for Godot. I looked at the cast and they looked at me, and I thought, What the hell did I get myself into? Then one day we were doing Luckys speech and the music clicked. I realized everything about the speech fit the African-American experience. And that was my foundation. Big whopping lies After years of dividing his time between acting and directing, McClinton decided to try on yet another hat for size. I was getting older and began to realize that I had something particular I wanted to say, McClinton notes. Influenced by friend and neighbor August Wilson, McClinton penned Walkersa taut drama that explores racism and its negative effects when a policeman goes berserk and kills his wife and childrenwhich earned him a 1989 Off-Broadway production at the now-defunct Hudson Guild Theatre. More recently, his Police Boys, a penetrating drama of urban gang violence, garnered critical kudos and enthusiastic audiences at Baltimores Center Stageand an invitation to serve as the theatres playwright-in-residence, a project to be supported over the next two years by a major grant from the National Theatre Artist Residency Program funded by the Pew Charitable Trusts and administered by Theatre Communications Group. .u0ad2009a2a481ed14768e81f2c1c93ea , .u0ad2009a2a481ed14768e81f2c1c93ea .postImageUrl , .u0ad2009a2a481ed14768e81f2c1c93ea .centered-text-area { min-height: 80px; position: relative; } .u0ad2009a2a481ed14768e81f2c1c93ea , .u0ad2009a2a481ed14768e81f2c1c93ea:hover , .u0ad2009a2a481ed14768e81f2c1c93ea:visited , .u0ad2009a2a481ed14768e81f2c1c93ea:active { border:0!important; } .u0ad2009a2a481ed14768e81f2c1c93ea .clearfix:after { content: ""; display: table; clear: both; } .u0ad2009a2a481ed14768e81f2c1c93ea { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u0ad2009a2a481ed14768e81f2c1c93ea:active , .u0ad2009a2a481ed14768e81f2c1c93ea:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u0ad2009a2a481ed14768e81f2c1c93ea .centered-text-area { width: 100%; position: relative ; } .u0ad2009a2a481ed14768e81f2c1c93ea .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u0ad2009a2a481ed14768e81f2c1c93ea .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u0ad2009a2a481ed14768e81f2c1c93ea .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u0ad2009a2a481ed14768e81f2c1c93ea:hover .ctaButton { background-color: #34495E!important; } .u0ad2009a2a481ed14768e81f2c1c93ea .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u0ad2009a2a481ed14768e81f2c1c93ea .u0ad2009a2a481ed14768e81f2c1c93ea-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u0ad2009a2a481ed14768e81f2c1c93ea:after { content: ""; display: block; clear: both; } READ: Memories of a revolution. (revival of art and culture in Ukraine) EssayDuring the residency, McClinton will focus on developing a new play, The Authentic Story and Most Original Adventures of the One and Only Hannibal Jim as Told to Samuel Clemens, an epic retelling of Huckleberry Finn which the playwright describes as a fantastic adventure which includes famous people from history, folktale legends sprung to life, horrifying mystical encounters with the dreaded Night Riders, and big whopping lies that explain the truth and who owns it. Grateful to have survived beyond his 25th birthday, McClinton now reaps the benefits of his years of labor. Although he says he would like nothing more than to spend more time with his wife and three-year-old son, taking time off in the near future seems unlikely. He is slated to direct three plays this year, and two of his own works (Hunters of the Soul at Pillsbury House Theatre and Enlightenments on an Enchanted Island at the Illusion Theater) will be presented in Minneapolis this summer. When we spoke McClinton was preparing for his next directing venture, Borders of Loyalty by Michael Henry Brown, an incendiary exploration of racism and anger which was set to open at Maines Portland Stage Company in March. You see, I have to hear some kind of music that connects me to the script, he ventures. Music is very spiritualit connects me emotionally. When you work on a script of Michaels you must be preparedthere is no half-stepping. I havent heard the music yet because Michael is thinking of changing the ending and, if he does, it might change the tone. But when I hear that music, then I know Im onto something.