Sunday, May 17, 2020
Critical Analysis Critical Coding - 2179 Words
Introduction ______________________________________________________ 1 Literature Review __________________________________________________ 1 Critical Analysis ____________________________________________________2 Conclusions _______________________________________________________4 Recommendations _________________________________________________ 5 References _______________________________________________________ 6 I. INTRODUCTION Human Resource hasnââ¬â¢t always been the hot topic like it is in todayââ¬â¢s discussions on better performance management systems. Human resource has always been limitedly considered as the mere workforce that strictly follows the companyââ¬â¢s mission and readily falls in compliance with the managementââ¬â¢s decisions. That has always been the idea until recently, with gradual advancement in business studies, when effective HR management is considered probably the foremost contributing element towards increased overall productivity of an organization. A well-formed, well thought out and thoroughly connected HR policy that is structured as a self-empowered mechanism that digs deep getting to know about the issues and concerns of the common employee, addresses those concerns with the utmost hospitality and sets up checks and balancing systems to foresee any mishaps, communication gaps and other problems that might erode the relationship between the management and human re source in the future. On the contrary, it is also found to be a fact that, whileShow MoreRelatedA Grounded Theory Research Study1222 Words à |à 5 Pagesor discover a theory. This type of research is grounded in data from individuals who have experienced a process. Some of the defining features include: a focus on a process or an action, development of a theory, memoing, data collection, and data analysis. The process or action that a researcher may look into would have movement or an action the researcher may be trying to explain. A process could be generating a new program. Researchers also seek to define new theories through the process or actionRead MoreAssistant Operational Acknowledgement Chart ( Coach )990 Words à |à 4 PagesConsultant Operational Acknowledgment Chart (COACH) Overview To document coding, procedural and operational errors performed by Help Desk agents. The goal is to identify and document the errors as they occur and provide immediate feedback to the agent. The objective is to foster a learning and coaching system that will minimize the number of errors and encourage Help Desk agents to improve their level of performance. Coding and procedural errors impact the Help Desk in multiple ways, including billingRead MoreCheckout Times As a Competitive Advantage: An Analysis616 Words à |à 3 Pagesis not enough, it is the accuracy that is most critical to certain segments, while others are very attuned to the experience itself (Mirabella, 2011). Check-out times can be used very effectively as a means to gain greater customer loyalty in all retail establishments. The focus of this specific discussion will be on experiences of working in a Home Depot Store, which is well-known for its Do-It-Yourself (DIY) loyal shoppers. Checkout Time Analysis at Home Depot One of the most immediate lessonsRead MoreIs Grounded Theory A Theoretical Model?930 Words à |à 4 Pages 24). The process primarily involves interviewing participants to identify open codes or categories. In collaboration with participants, researchers then utilize axial coding, which involves forming clusters of topics, and patterns of interaction between them, eventually resulting in several possible theories. Axial coding further helps researchers and participants to identify a central category, enabling them select which categories fall under causal conditions, intervening factors, consequencesRead MoreA Research Study On Research1173 Words à |à 5 Pagesthe method of research is whether qualitative or quantitative, data must be collected. Data collection is essential whether the method of choice is a mail survey, a telephone survey, an interview, an experiment, field research, or secondary data analysis. Data collection is an important aspect of any research study. I naccurate data can impact the results of a study and ultimately lead to invalid results. During the data collection step, a significant amount of time, energy and attention are requiredRead MoreThe Financial Manager895 Words à |à 4 PagesThe financial manager has a critical role in the organization. This position must be able to adapt to unique and often stressful situations. They must have good leadership skills and build confidence within the organization that the decisions made are correct. They often have to wear multiple hats at a time and provide structure to chaotic situations. This position should display leadership, empathy, emotional intelligence and have a solid understanding of accounting. Their accounting backgroundRead MoreA Research Study On Data Collection1205 Words à |à 5 Pagesthe method of research is whether qualitative or quantitative, data must be collected. Data collection is essential whether the method of choice is a mail survey, a telephone sur vey, an interview, an experiment, field research, or secondary data analysis. Data collection is an important aspect of any type of research study. Inaccurate data can impact the results of a study and ultimately lead to invalid results. During the data collection step, a significant amount of time, energy and attentionRead MoreA Research Study Of Nurses Beliefs And Practice1395 Words à |à 6 PagesEnd-of-life care in the intensive care setting: A descriptive exploratory qualitative study of nursesââ¬â¢ beliefs and practice, is a research article chosen for this essay. This critical review will include an appraisal of the designated sections of the research paper, provide a realistic and practical explanation linking findings to clinical practice, as well as a personal reflection on how the process of appraisal of evidence from the article has increased my knowledge. The title and abstract ofRead MoreVerizon Wirelesss Benefits Package1728 Words à |à 7 Pagesinformation, it was determined that there was a critical need for a current benefits package comparison. The investigative steps necessary for this analysis for this Capstone Project were found in Section III, and this subsequent chapter, Section IV, submits those findings. Comparative Analysis Process The fundamental aim within this Capstone Projectââ¬â¢s was to detail how Verizon Wirelesss benefits package compares in the industry, by process of comparative analysis and implementation of a specific designRead MoreSteps Involved in Processing of Data1699 Words à |à 7 Pagesprocessing of the data involves editing, coding, classifying, tabulating and after all this analyzation of the data takes place. Data Processing The various aspects of the data processing can be studied as follows 1. Editing of data:à ââ¬â This aspect plays a very vital role in the detection of the errors and omissions and then helps to correct these errors by which ,the degree of accuracy, consistency and homogeneity are increased. By this method, coding and tabulation of the data is done and
Wednesday, May 6, 2020
Malcolm X The Rhetorical Analysis Of Malcom Xs Speech
In New York City on March 22, 1964, Malcolm X delivered his speech, ââ¬Å"The Ballot or the Bullet.â⬠Malcolm X, a minister of the Nation of Islam, and a revolutionary advocate of nationalism in the black community, imparted this speech with the intent to reach the black population in a time of change. The adept use of ethos, pathos, and logos to build and maintain a compelling argument, brings about a call to action and firmly conveys his ideas within the black community. Within ethos, pathos, and logos, the implication of elevated language, loaded words, and logical statements, attains a sense of credibility, assurance, and cogency. To begin, Malcolm Xââ¬â¢s speech detailing his his political views on black nationalism, the hypocrisy ofâ⬠¦show more contentâ⬠¦Additionally, Malcolm X uses a plethora of loaded words in his speech in order to appeal to the audiences sense of emotions. One example of this is when Malcolm X says that the ââ¬Å"government of Portugal began to trample upon the rights of our brothers and sisters in Angolaâ⬠(par 12). The use of the loaded word ââ¬Å"trampleâ⬠, specifically, demonstrates the power and significance of the oppressive governmental actions taken upon the (black) people of Angola, as well as the mass ethnic-destruction exhibited in Angola; which subsequently gives his speech equal power felt by the audience because they can relate to the issue to a large degree. In fact, the use of the word in this context not only allows the audience to recognize the importance of equal rights, but it also creates a sense of pathos in the audience, which ultimately crea tes a sense of believability and camaraderie between them and Malcolm X. A further demonstration of engaging the audienceââ¬â¢s emotions is depicted in the beginning of the speech when Malcolm X explains, ââ¬Å"The community in which you live becomes a slum. It becomes a ghetto. The conditions become run-down, and then you have the audacity to complain about poor housing and a run-down community. Why, youShow MoreRelatedMalcolm Xs Speech : The Rhetorical Analysis Of Malcom X843 Words à |à 4 Pages1964 Malcolm X gave one of the most iconic speeches of all time. Malcolm gave this speech at the ââ¬Å"Cory Methodist Churchâ⬠where he spoke out about the politics of voting for African Americans. Malcolm X advised that African Americans should vote, however if prejudice continued and the government continued to prevent blacks from being completely equal that African Americans would have to use more violent tactics. This speech is great for a number of reasons and one of these reasons is Malcolm Xââ¬â¢s useRead MoreMalcom X And The Civil Rights Movement1105 Words à |à 5 PagesFahad Algarni Ms. Kristi Brock ENG 101- College Writing (WC) 15 July 2015 Analysis of Ballot or Bullet On 3rd April 1964, Malcom X addressed the Negro community assembled in Cleveland over the controversial issue of the civil rights movement. ââ¬Å"The Ballot or the Bulletâ⬠speech of Malcom X can be considered as a direct response to ââ¬Å"I have a Dreamâ⬠speech of Dr. Martin Luther King Jr. Malcom X and Dr. Martin were taking a stand for the true freedom of the same community but with a diagonally opposite
Van Halen 1984 free essay sample
This hard rock band hit their prime with the album ââ¬Å"1984.â⬠This has reached diamond status and is one of the greatest albums ever recorded. Van Halen has never topped the success of ââ¬Å"1984,â⬠which produced their only #1 Billboard hit, ââ¬Å"Jump.â⬠The band was a major staple on MTV and radio, though, and the simple yet extraordinary videos of their other two hits ââ¬Å"Panamaâ⬠and ââ¬Å"Hot for Teacherâ⬠should be in the Music Video Hall of Fame. This album, being almost pure ?s-driven, has a few songs with a heavy-synth riff. The band crossed over from being a hard rock band to pop superstars. The classic ââ¬Å"Jumpâ⬠appealed to metalheads and teeny boppers alike. ââ¬Å"1984â⬠is a gem that should be more recognized than it is. Its one of those rare albums that puts you in a good mood and makes you just want to have fun! How can you listen to ââ¬Å"Panamaâ⬠and just sit there? You have to rock out! ââ¬Å"Jumpâ⬠was heard in this summers movie ââ¬Å"Herbie: Fully Loaded. We will write a custom essay sample on Van Halen 1984 or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page â⬠If you want to take a break from the mainstream rush, go through your parents CD collection and pull out this hard-rock-meets-pop album. I assure you that you will have a good time.
Monday, April 20, 2020
Ing Direct (ââ¬ÅIng-Dââ¬Â) Case Study Marketing Fundamentals Essay Example
Ing Direct (ââ¬Å"Ing-Dâ⬠) Case Study Marketing Fundamentals Paper ING DIRECT (ââ¬Å"ING-Dâ⬠) Case Study Course: Marketing Fundamentals Submission Date: 17th November 2009 Executive Summary ING-Direct (ING-D) is a marketing orientated bank that has launched into established markets in the last decade using differentiation as a way to build competitive advantage. This report splits into Section A, based on information provided by the ââ¬ËING Direct USA ââ¬â Rebel With A Causeââ¬â¢ Case Study by IMD International, and Section B which critically assesses the ING-D website. Section A The Nature of the ING-Dââ¬â¢s Value Proposition Customer Value Proposition Creation By engineering processes and products from the customer inwards, ING-D aimed to construct a customer value proposition that offsets perceived sacrifices with higher levels of perceived benefits in areas which resonate strongly with customers. Value Proposition Summary The key perceived benefits offered to customers are simple, easy to use accounts with no fees or service charges, no minimum balances, great savings rates, the convenience of 24/7 internet banking and quality service from an award winning call centre. The perceived sacrifices are principally the physical evidence aspects of the ervice marketing mix that are associated with the traditional banks, including branches and ATMs. The other key perceived sacrifice is that ING-D does not offer a complete portfolio of accounts due to the lack of a Checking Account. Therefore customers potentially need to operate a number of accounts with different organisations. The value proposition is supported through integrated marketing com munications which utilise a range of tools and channels in addition to basic advertising, including sales promotion, events and online educational services. We will write a custom essay sample on Ing Direct (ââ¬Å"Ing-Dâ⬠) Case Study Marketing Fundamentals specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Ing Direct (ââ¬Å"Ing-Dâ⬠) Case Study Marketing Fundamentals specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Ing Direct (ââ¬Å"Ing-Dâ⬠) Case Study Marketing Fundamentals specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The use of less traditional communication methods underlines the strategy of using differentiation for competitive advantage. It sets ING-D apart from the mainstream banks in brand personality. Value Proposition Effectiveness ING-D created a viable customer value proposition as evidenced by high levels of customer advocacy and the growth in customer numbers and deposit levels. The Evolution of ING-Dââ¬â¢s Strategy Since its Launch in the US Market Post-Launch Environment The post-launch period saw ING-D US entering a period of significant growth. At this time the bank was grappling with a range of challenges including pressure on margins, aggressive competitor activity, consumer confusion and increased internal reporting and control measures. The marketing strategies employed principally focussed on evolving two key parts of the marketing mix; product and place. Product Development Post-launch ING-D chose to implement a product development strategy as per the Ansoff Growth Matrix (Appendix 1). This can be seen in the period from 2000 to 2002 when a range of new products, such as Mortgages, Certificates of Deposit, etc, were launched into the existing ING-D US footprint. Channel Development ING-D traditionally operated a direct to consumer distribution channel. This had the benefits of maintaining control over the relationship with the customer ensuring that the brand values could be executed consistently. However, to address its balance sheet issues, in 2005 the direct distribution channel was supplemented with the introduction of intermediary agents in the form of wholesale mortgage brokers. Impact of Activity Growth was achieved quickly with effective diffusion through the market resulting in ING-D becoming the largest on line bank in the US. However, the rapid growth strategy resulted in a more systems and process based organisation and challenging the maintenance of its trademark entrepreneurial culture. ING-D Competitors and the Evolution of Their Strategies. Key Strategic Changes By Competitors Considering Porterââ¬â¢s Model of Competitive Industry Structure, we can see that with high barriers to entry, and limited opportunity for substitution, the main factor affecting ING-D has been in the form of competition from existing US banks, (Appendix 2). Previously these banks had core strategies of targeting specific markets. They focussed on their main product offerings such as Checking Accounts, and on branch network service provision. However, because ING-Dââ¬â¢s success many of the established banks implemented new competitor target strategies in which they went head-to-head with ING-D and the other new entrants, internet banks, which had been attracted into the direct market. ING-Dââ¬â¢s competitors fall into two key groups; Bricks Mortar The traditional banks such as Citibank HSBC have principally eroded ING-Dââ¬â¢s unique selling propositions through the availability of high interest savings accounts. They had the advantage of building on existing relationships and offer the convenience of being a one-stop-shop for customers. As holders of the primary checking relationship this has been a credible market position which has resulted in savings balances switching from ING-D. Internet Internet competitors have operating models more like the ââ¬Å"no frillsâ⬠approach adopted by ING-D. The main competitive threat has been around interest rates but they also attacked ING-Dââ¬â¢s brand values and personality, such as the use of less formal marketing messages and communication channels. Impact The result of these strategic changes has been a proliferation of ââ¬Ëme tooââ¬â¢ savings products from a range of providers which have created price competition, choice and consumer confusion. The actions of competitors have reduced the perceived benefits of ING-D and increased the value of the perceived sacrifices. The main impact is that ING-D lost its price leadership position for savings interest rates weakening the customer value proposition and leaving the bank open to threat. The impact can be seen in the 2006 figures, with average savings per million customers of $10. 8m in 2002-05, falling to $8. 2m in 2006, a drop of 24. 7%. Arguments For and Against ING-Dââ¬â¢s Introduction of Checking Accounts and Recommendation ING-D has lost its competitive advantage of high rate savings accounts. To rectify this one option is to introduce a checking account. Benefits â⬠¢ Establishing primary customer relationship associated with Checking accounts â⬠¢ Removing an existing advantage for established competitors â⬠¢ Protecting market share by meeting its customersââ¬â¢ complete banking needs â⬠¢ Attracting new customers from an attractive, substantial (49% of bill payments in 2002) and profitable market sector â⬠¢ Doing nothing leaves bank open to continued risk of market share erosion â⬠¢ Removes reliance on maintaining the best rates as sole USP Risks â⬠¢ Conflicting with the companyââ¬â¢s core value proposition as a low-cost, simple, easy to use banking provider â⬠¢ Increasing customer support and training requirements leading to higher operating costs â⬠¢ Introducing a level of operational complexity and increasing operational risk â⬠¢ Requiring a more process and systems based environment contrary to its entrepreneurial culture Recommendation We believe the benefits outweigh the risks and recommend ING-D launches a Checking Account. It is vital that it links the product offering back to the fundamental brand values that have made the bank successful with a specific focus on product and process design. ING-D needs to focus on making its Checking Account a differentiated product offering around areas such as; â⬠¢ less complicated than its competitorsââ¬â¢ accounts â⬠¢ no requirements for minimum balances â⬠¢ transparent communication and application of fees Limited market testing has already helped to refine the product and processes. This needs to be finalised to ensure that the ââ¬Ëeasy to useââ¬â¢ market position is achieved. As part of this, further research around the lack of a cheque book may be required as this could be viewed as a negative by customers and limit the potential market penetration. By referring back to ING-Dââ¬â¢s core principles it is possible for it to create a market position on checking accounts that is consistent, credible, competitive and clear and aligned with its other products and core values. Section B Critical Assessment of the Current Positioning of ING-D Based on Their Website http://www. ngdirect. co. uk/ The ING-D website was reviewed on 31/10/09 and 15/11/09 and the overall positioning assessed within a framework of four principles of successful positioning. This is completed on the website as at 15/11/09 with references to any noteworthy changes from the 31/10/09 version, (Appendix 3) Clarity The use of the ââ¬Å"Saving Feels Goodâ⬠positioning statement fixes ING-D as a bank with savings as a key offering. The other products on offers are limited to Mortgages and Home Insurance leaving a very simple uncluttered view of what products ING-D is providing to customers. However, it could also be argued that simplicity has gone too far and that the stripped down approach limits the provision of a comprehensive offer. For example areas such as the main FAQ section fail to answer many common questions that customers may have regarding the bank or the broader economy. The site consistently evokes an emotional relationship through the words, ââ¬Å"feels goodâ⬠, which links into the behavioural market segmentation approach. Some of the images and marketing approaches are confusing in terms of customer segmentation targets. For example, there are photos of young children and parents on the general pages, whilst the ages of the customers in the video section start at 46 years, thereby conflicting with the messages about earlier life cycle stages. Consistency The use of brand assets such as contemporary ââ¬Å"Dutchâ⬠orange and the lifeboat image ensure the site is instantly recognisable. The lifebelt image is consistently used to highlight rates. This links to safety as a motivation for saving, further building on the use of family images. The site remains consistent with the ING-D brand values by being easy to navigate, in a clear font and with easy to find information such as contact details and frequently asked questions. The lead item on the homepage is mortgages which changed since the 31/10/09 when savings led. This doesnââ¬â¢t sit as well with the usual ING-D market positioning as a savings provider. It may well be that ING-D has a strategy to keep the website fresh by changing the offer and emphasis on a regular basis. However, the change may have resulted from the significant drop in interest rates between the two dates as the company attempts to drive mortgage business. Other parts of the home page continue to focus on savings and therefore there is some consistency in reinforcing this position. Tick marks give an upbeat feel to the site rather than simply using bullet points and this fits with the less formal communication style. By delivering a differentiated offer to competitors through the provision of fewer products, a friendlier quality service and a fresh approach ING-D seeks to establish itself in the minds of consumers as a different type of bank with a clear brand personality. Competitiveness The site works to convince consumers that ING-D is a safe place for their money. It doesnââ¬â¢t confirm a position of competitiveness through its messages. The savings interest rate is clearly highlighted which allows for easy comparison but doesnââ¬â¢t specifically provide information on competitor offerings. This may be due to restrictions due to legislation. Over this fairly short time period the ING-D site has changed in emphasis from savings to mortgages which may be due to variances in the savings rate on offer, which have dropped by 2. 7% to just 0. % for new customers. ING-D is proud of its award winning customer service centres and the site highlights a range of awards across both general service and product specific categories. High levels of customer service and UK based call centres will be seen by some customers as a competitive advantage given the recent backlash against organisations that have outsourced this service to India and the Far East. Credibility Much of the credibility of ING-Dââ¬â¢s positioning off-line comes from the high levels of customer satisfaction and advocacy. ING-D has chosen to directly translate this factor online with customer videos and uses cues such as customer numbers to build credibility and pre-empt cognitive dissonance. Given the economic back-drop the bank has missed the opportunity to build possible creditability by helping its customers to better understand the stability of the bank and the safety of their deposits. Further to this there are only 5 press releases provided for 2009, the most recent of which is over 4 months out of date, and none of these relate specifically to ING-D. The creditability of the ING-D offer could be greatly eroded by the large drop in the savings rate. In a period with no base rate changes it is difficult to see how the size of change could be justified, especially as competitor rates published on comparison websites remain in excess of 3. 0%. Appendix 1 Ansoff Growth Matrix [pic] (Jobber Mahy, 2009, based on p324) Appendix 2 The Porter Model of Competitive Industry Structure [pic] (Jobber Mahy, 2009, based on p319) Appendix 3 http://www. ingdirect. o. uk Home page as at 31/10/09 [pic] http://www. ingdirect. co. uk Home page as at 15/11/09 [pic] Bibliography ING Direct [Online]. Available from: http://www. ingdirect. co. uk/ [Accessed 31/10/2009 ââ¬â 15/11/2009]. Jobber, D. and Fahy, J. (2009) Foundations of Marketing, 3rd ed. , McGraw Hill, London. Sequeira, S. , Ryans, A. , Deutscher T. , Ivey, R. , (2007) ING Direct USA ââ¬â Rebel With A Cause. IMD International, Richard Ivey School of Business (The University of Weste rn Ontario), IMD-3-1845.
Sunday, March 15, 2020
HTC case analysis Essays
HTC case analysis Essays HTC case analysis Essay HTC case analysis Essay ETC designs and manufactures products as specified by third parties that are later on the process sold under a different name. All the specified products are highly innovative and advanced. Len fact ETC was one of the first carriers to launch a touchable screen phone (ETC Touch) In 2007, three weeks before the phone was flirt commercialism. After that, ETC released the next model, the Touch Diamond, that improve ETC Touch with a more solid Phones for wireless network operators. On the one hand the internet experience US Is a locked market where the two big operators ATT and Verizon sell phones with their own slim card,eliminative technology and customers switch phones according to the plan that suits them best (provided by their operator). On the other hand, the European Market is unlocked, and customers are more loyal to their phone brand TABLETS: ETC entered the Tablet fever in 2011 with the ETC Flyer, a 7 Inch android tablet which was not very successful. Later with a 10 inch 46 Streamer offered by ATT in exclusivity, but did not succeed either. It was a extremely competitive market. 2. VALUE ANALYSIS ETC focused most of its resources on taking a highly customized approach with mobile operators to set itself apart from other contract manufacturers. Phones were being customized according to the clients needs and then sold some times under a different brand. Egg. : the first Google Nexus. Moreover ETC helped mobile operators building a unique value proposition and optimized their services by manufacturing hones that looked like their own phones. Furthermore, ETC works with two SO systems, Android and Windows Phone In order to satisfy these two different customers segments. With Android policy to allow developers to modify and adapt their SO to individual needs, ETC was able to differentiate its android products from other manufacturers with ETC Sense; an Internally developed layer of software on top of Android that Included a superb LU as well as unique applications providing unique experiences for ETC users. 3. This great amount of personalization meant costs above average (compared to other manufacturers) since all products needed different marketing strategies and not a lot of pieces could be shared across other ETC products. ETC right now is switching to its original DOOM business leaving on the side the manufacturing for third parties, since the new CEO sees building brand image as the key to fight its competition and capture the real value of Innovation. This would allow the company to unify its marketing campaign efforts and save costs; they used to have the problem that their racketing efforts were so different across countries that a person seeing two 1 OFF brand. Some of the other issues that are being discussed is the SO strategy, because Windows does not allow that much personalization and they fear that Monika might get rights over it. Relating to planning, we agree on the fact that ETC should start focusing in one line of smartness with the same SO system which will allow the company to improve its brand image and start escalating in the top smartness of the market list.
Friday, February 28, 2020
BMW AG (Bried Description Of The Company) Assignment
BMW AG (Bried Description Of The Company) - Assignment Example 4. M sport exhausts system installation on BMW 650i Coupe or BMW 650I convertible models. M sport exhaust system, which is a motor-racing inspired device, helps in reducing the exhaust backpressure and assist the acoustics of the V8 power unit when the vehicle accelerates or decelerates (Bragman 1). The new 6-series cars aims at providing high motor racing cars with a driver assistant system features of 5-series model. The new model would be relevant for use during spring. Since the extensions aims at improving the features of 5-series that already exist, the production fits line extension strategy. Line extension strategy is advantageous to the company because of its low cost and risks involved compared to conventional strategies such as creation of new brands in the same line. Economic advantage of line extension informs the decision by BMW group to advance from its 5 to 6 Series Models. Marketers can speculate and predict future trends in sales of extended brands compared to innovative brands newly introduced in into the market. BMW groupââ¬â¢s decision to advance its BMW and MINI models was effective in increasing sales and heightening competitive edge for its rival companies in the industry. Existing consumer awareness renders brand extension as viable strategy compared to introduction of new brands in the market. It is easier to create awareness and imagery for extended brand than brands that are new in the market. Extended brands have associations with the main brand and, therefore, easier to market that new brands. BMW groupââ¬â¢s decision to extend its brand from 5 to 6 Series is feasible because it enhanced promotion of extended brand based on consumersââ¬â¢ knowledge of the main brand. Consumer trust on the main brand renders it easier to market extended brands compared to new brands. Extensions benefit from existing consumer trust. Consumers have high likelihood of trying extended brands
Tuesday, February 11, 2020
Financial and Management Accounting Essay Example | Topics and Well Written Essays - 3000 words
Financial and Management Accounting - Essay Example The franchised hotels performed amazingly in the recent year. The occupancy levels are found to be 72% for the whole previous year and the occupancy levels in the second half of the previous year the rate was 79% (DeFond and Hung, 2003). There was a lower occupancy on Sundays. The average of ADR was observed to be à £34 in the financial year and it further increased in the second half of the year to à £36. Intercontinental (IHG) group is a global hotel company whose objective is to create excellent hotels that guests find irresistible. The group is found to hold a strong market position with increasing market share and growth. Total gross revenue of IHGs has increased to 6% and is observed to be $23 billion. The groupââ¬â¢s revenue has decreased to 2% that is $1858 million (Nissim and Penman, 2001). The operating profit of the group has decreased by 3% and is observed to be $651 million. There has been 10% increase in dividend of the group as compared to previous year. The key performance indicators (KPI) examine the groupââ¬â¢s success in achieving growth strategy. KPIââ¬â¢s such as the net room supply has increased to 710,295, growth in fee revenues has increased by 6.7% and the total gross revenue from hotels under IHG group has increased to $22 billion. The system contribution to revenue has also elevated by 71% in the current year (Carslaw and Mills, 2006). Easy Hotels owned hotel rooms have mounted in the past three years and the revenue also has gradually increased. The hotel group has implemented key marketing initiatives with digital and customer service focus and is successfully competing with other hotels (Lewellen, 2004). In spite of such performance, the company is facing the threat of increasing competition and oversupply of identical accommodation types within a city. The hotel is also facing operating risks such as increase in operating costs due to inflation (Feng and Wang, 2000). The hotel employed the opportunities to create extended term
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