The American Dream Of Homeownership - 1031 Words

For many years, the idea that ones’ home being the largest investment was said as a complete sentence when in fact, it was only an incomplete sentence. Any duly licensed financial planner would finish that sentence by saying all investments are subject to market conditions, the value that investment could increase or decrease and other similar cautionary statements that their attorneys wrote to protect them. The American public only heard that their home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like they did in the past few years. They had never experienced the financial pain and although only a few years have passed, many have forgotten and are ready to jump right back into homeownership. Why would these Boomerang Buyers want to jump back into homeownership and at what cost would they â€Å"buy† another home? It’s understood that the American Dream of homeownership runs deep in the American belief system. Even people who have experienced foreclosure in the past, still dream of owning another home of their own even BEFORE they move from the foreclosed home. Why is this so important to Americans? The answer is partly based on marketing and myths that have been around for many years. The ability for one to create a pathway back to homeownership is varied and like many things, has potholes along the road. From predatory lenders to landlords who participate in rent to own or owner financingShow MoreRelatedThe American Dream Of Homeownership956 Words   |  4 Pagesand approaches to buying real estate. The years preceding the market melt down, homeownerships were painted as an American dream in a hyped fashion instead of a responsible investment. The demand for homeownership and immediate profit drove up prices in an unhealthy rate, and fueled a competition among buyers to use real estate as a vehicle to make quick money. That silently destroyed the American dream of homeownership. The competition spread to financial institutions to creatively fit unqualifiedRead MoreThe American Dream Of Homeownership1031 Words   |  5 Pagesattorneys wrote to protect them. The American public only heard that their home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like they did in the past few years. They had never experienced the financial pain and although only a few years have passed, many have forgotten and are ready to jump right back into homeownership. Why would these Boomerang Buyers want to jump back into homeownership and at what cost would they â€Å"buy†Read MoreHomeownership Is The American Dream And The U.s. Department Of Veteran Affairs1072 Words   |  5 PagesHomeownership is the American dream and the U.S. Department of Veteran Affairs (VA) makes it possible for veterans, and eligible spouses who serve finance the purchase of their own homes. With the help of the VA, banks and other mortgagees are able to provide favorable home loans with a comparable lower interest rate, as well as, VA home loans zero down in Ocala, Florida. These loans are flexible and can be used to purchase your own home or to repair, build, adapt or retain your personal propertyRead MoreHomeownership Of The United States1070 Words   |  5 PagesHomeownership in the U.S. hit 63.4 percent in the second quarter of 2015, the lowest rate since 1967. This has many people worried and multiple industries pitching theories, hoping to make sense of the decline. Does the blame lie with the stringent requirements following the housing market crash? Are people still weary of the financial responsibility in a still uncertain American economy? Or are some critics right, is homeownership culture changing, are Americans giving up on the America Dream? StrictlyRead MoreThe Importance Of The American Dream918 Words   |  4 Pagesthere are some individuals who want the American dream, such as non-Americans. Even though immigrants essentially founded the American dream as the thirteen colonies expanded, current bans preventing entry from certain countries and regulations attempting to deport others seem to rip that dream out of their grasp. Contrary to popular beliefs, the American dream is not the white picket fence vision we were taught in high school history. Instead, the American dream is the desire to live comfortably withinRead MoreArgumentative Essay On The American Dream882 Words   |  4 PagesIt seems that over the decades, the â€Å"American Dream† has changed along with the generations who follow it. After the â€Å"Great Recession†, the housing crisis which triggered a financial crisis, and millennials have changed their point of view about homeownership. This change created another definition for the â⠂¬Å"American Dream†, because more opt out to rent versus buy, and some don’t bother with houses at all and prefer to live in apartments. This is all due to rising student debt, risks associated withRead MoreMartin Luther Kings View On Equality764 Words   |  4 Pagesequal rights based on race.King’s dream had been pushed to side to recently ,a lot of people would disagree but there is still huge problem to this very day.According to a poll collected by Sam Roberts a New York Times writer â€Å"Fewer than one in three black Americans and not even half of whites say the United States has made â€Å"a lot† of progress toward achieving racial equality in the half-century since the Rev. Dr. Martin Luther King Jr. declared he had â€Å"a dream† that one day freedom, justice andRead MoreThe American Dream859 Words   |  4 PagesThe concept of the ‘American Dream’ has changed dramatically over the past couple decades. Originally, the idea l American Dream consisted of marriage, children, a stable job with a high enough income to save and invest, and buying a house for the family. Subsequent of the Great Recession, buying a house is not as desirable or even feasible for the millennial generation. Millennials are interested in a different American Dream, focused on receiving an education and making enough money to pay the billsRead MoreForeclosure Crisis: A Time for Change1105 Words   |  5 Pageseconomic policies; the housing market was fed by the politicians instilling the thought that every person should be a homeowner. According to a speech by President William Clinton in 1995, he boasted about making homeownership a reality, â€Å"The goal of this strategy, to boost homeownership to 67.5 percent by the year 2000, which would take us to an all-time high†(Wooley). As a result of political ploys like this, banks and lending institutions came up with products such as the 107% financing, interestRead MoreThe American Dream: Freedom, Hard Work Guarantees Success and Less Racism868 Words   |  4 Pageswomen working in fields all day? Do families still have to witness an African American get up and move to the back of a bus for a Caucasian? No, that is not the case anymore. America is a better country now. In source E it says, â€Å"The chair in Washington sat had a sun, and the question was asked, is it rising or setting?† This quote questions whether or not America is falling apart or getting better. The American Dream is an ideal that has changed over time and is achievable because of freedom The American Dream Of Homeownership - 1031 Words For many years, the idea that ones’ home being the largest investment was said as a complete sentence when in fact, it was only an incomplete sentence. Any duly licensed financial planner would finish that sentence by saying all investments are subject to market conditions, the value that investment could increase or decrease and other similar cautionary statements that their attorneys wrote to protect them. The American public only heard that their home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like they did in the past few years. They had never experienced the financial pain and although only a few years have passed, many have forgotten and are ready to†¦show more content†¦While rent to own went widely unregulated on a national level for many years, Washington D.C. bureaucrats have created additional agencies with broad authority and additional oversight to protect consumers. The Cons umer Financial Protection Bureau, commonly referred to as the CFPB, has placed fear in some while others haven’t felt the wrath of this agency just yet. Their website is http://www.consumerfinance.gov/ . The CFPB deals with a much more than just foreclosures. In fact, they are defining what a qualified mortgage is and who should be considered a predatory lender. Many didn’t fear them at first but now, have stepped back and are examining their business practices and most expect changes in the coming days. Although The Dodd Frank Wall Street Reform and Consumer Protection Act was passed and signed into law in 2010, it only went into effect on January 10, 2014. It’s raised a number of compliance issued for those in the lending industry as well as landlords doing owner financing. The CFPB has issued the definition of Qualified Mortgage. This type of loan is what some will say lead to the housing bust we experienced over the past few years. Today, loans cannot be written that are interest only. Loan payments must include a principal payment along with the interest payment. Negative amortization, which allow your loanShow MoreRelatedThe American Dream Of Homeownership1031 Words   |  5 Pagesattorneys wrote to protect them. The American public only heard that their home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like they did in the past few years. They had never experienced the financial pain an d although only a few years have passed, many have forgotten and are ready to jump right back into homeownership. Why would these Boomerang Buyers want to jump back into homeownership and at what cost would they â€Å"buy†Read MoreThe American Dream Of Homeownership956 Words   |  4 Pagesand approaches to buying real estate. The years preceding the market melt down, homeownerships were painted as an American dream in a hyped fashion instead of a responsible investment. The demand for homeownership and immediate profit drove up prices in an unhealthy rate, and fueled a competition among buyers to use real estate as a vehicle to make quick money. That silently destroyed the American dream of homeownership. The competition spread to financial institutions to creatively fit unqualifiedRead MoreHomeownership Is The American Dream And The U.s. Department Of Veteran Affairs1072 Words   |  5 PagesHomeownership is the American dream and the U.S. Department of Veteran Affairs (VA) makes it possible for veterans, and eligible spouses who serve finance the purchase of their own homes. With the help of the VA, banks and other mortgagees are able to provide favorable home loans with a comparable lower interest rate, as well as, VA home loans zero down in Ocala, Florida. These loans are flexible and can be used t o purchase your own home or to repair, build, adapt or retain your personal propertyRead MoreHomeownership Of The United States1070 Words   |  5 PagesHomeownership in the U.S. hit 63.4 percent in the second quarter of 2015, the lowest rate since 1967. This has many people worried and multiple industries pitching theories, hoping to make sense of the decline. Does the blame lie with the stringent requirements following the housing market crash? Are people still weary of the financial responsibility in a still uncertain American economy? Or are some critics right, is homeownership culture changing, are Americans giving up on the America Dream? StrictlyRead MoreThe Importance Of The American Dream918 Words   |  4 Pagesthere are some individuals who want the American dream, such as non-Americans. Even though immigrants essentially founded the American dream as the thirteen colonies expanded, current bans preventing entry from certain countries and regulations attempting to deport others seem to rip that dream out of their grasp. Contrary to popular beliefs, the American dream is not the white picket fence vision we were taught in high school history. Instead, the American dream is the desire to live comfortably withinRead MoreArgumentative Essay On The American Dream882 Words   |  4 PagesIt seems that over the decades, the â€Å"American Dream† has changed along with the generations who follow it. After the â€Å"Great Recession†, the housing crisis which triggered a financial crisis, and millennials have changed their point of view about homeownership. This change created another definition for the â⠂¬Å"American Dream†, because more opt out to rent versus buy, and some don’t bother with houses at all and prefer to live in apartments. This is all due to rising student debt, risks associated withRead MoreMartin Luther Kings View On Equality764 Words   |  4 Pagesequal rights based on race.King’s dream had been pushed to side to recently ,a lot of people would disagree but there is still huge problem to this very day.According to a poll collected by Sam Roberts a New York Times writer â€Å"Fewer than one in three black Americans and not even half of whites say the United States has made â€Å"a lot† of progress toward achieving racial equality in the half-century since the Rev. Dr. Martin Luther King Jr. declared he had â€Å"a dream† that one day freedom, justice andRead MoreThe American Dream859 Words   |  4 PagesThe concept of the ‘American Dream’ has changed dramatically over the past couple decades. Originally, the idea l American Dream consisted of marriage, children, a stable job with a high enough income to save and invest, and buying a house for the family. Subsequent of the Great Recession, buying a house is not as desirable or even feasible for the millennial generation. Millennials are interested in a different American Dream, focused on receiving an education and making enough money to pay the billsRead MoreForeclosure Crisis: A Time for Change1105 Words   |  5 Pageseconomic policies; the housing market was fed by the politicians instilling the thought that every person should be a homeowner. According to a speech by President William Clinton in 1995, he boasted about making homeownership a reality, â€Å"The goal of this strategy, to boost homeownership to 67.5 percent by the year 2000, which would take us to an all-time high†(Wooley). As a result of political ploys like this, banks and lending institutions came up with products such as the 107% financing, interestRead MoreThe American Dream: Freedom, Hard Work Guarantees Success and Less Racism868 Words   |  4 Pageswomen working in fields all day? Do families still have to witness an African American get up and move to the back of a bus for a Caucasian? No, that is not the case anymore. America is a better country now. In source E it says, â€Å"The chair in Washington sat had a sun, and the question was asked, is it rising or setting?† This quote questions whether or not America is falling apart or getting better. The American Dream is an ideal that has changed over time and is achievable because of freedom

Energy Flow in Ecosystems

If there is only one thing you learn about ecosystems, it should be that all of the living residents of an ecosystem are dependent upon one another for their survival. But what does that dependence look like?   Each organism living in an ecosystem plays an important role in the flow of energy within the food web. The role of a bird is very different from that of a flower. But both are equally necessary to the overall survival of the ecosystem, and all of the other living creatures within it. Ecologists have defined three ways that living creatures use energy and interact with one another. Organisms are defined as producers, consumers, or decomposers. Here is a look at each of these roles and their place within an ecosystem. Producers The main role of producers is to capture the energy from the sun and convert it into food. Plants, algae, and some bacteria are producers. Using a process called photosynthesis, producers use the suns energy to turn water and carbon dioxide into food energy. They earn their name, because—unlike the other organisms in an ecosystem—they can actually produce their own food. Produces are the original source of all food within an ecosystem. In most ecosystems, the sun is the source of energy that producers use to create energy. But in a few rare cases—such as ecosystems found in rocks deep beneath the ground—bacterial producers can use the energy found in a gas called hydrogen sulfide, that is found within the environment, to create food even in the absence of sunlight! Consumers Most organisms in an ecosystem cannot make their own food. They depend upon other organisms to meet their food needs. They are called consumers—because that is what they do—consume. Consumers can be broken down into three classifications: herbivores, carnivores, and omnivores. Herbivores are consumers that only eat plants. Deer and caterpillars are herbivores found commonly in a number of environments.Carnivores are consumers that only eat other animals. Lions and spiders are examples of carnivores. There is a special category of carnivore called scavengers. Scavengers are animals that eat only dead animals. Catfish and vultures are examples of scavengers.Omnivores are consumers that eat both plants and animals depending upon the season and availability of food. Bears, most birds, and humans are omnivores. Decomposers Consumers and producers can live together nicely, but after some time, even the vultures and catfish would not be able to keep up with all of the dead bodies that would pile up of the years. Thats where decomposers come in. Decomposers are organisms that break down and feed off of the waste and dead organisms within an ecosystem. Decomposers are natures built-in recycling system. By breaking down materials—from dead trees to the waste from other animals, decomposers return nutrients to the soil and create another food source for herbivores and omnivores within the ecosystem. Mushrooms and bacteria are common decomposers. Every living creature in an ecosystem has a role to play. Without producers, consumers and decomposers would not survive because they would have no food to eat. Without consumers, the populations of producers and decomposers would grow out of control. And without decomposers, producers and consumers would soon become buried in their own waste. Classifying organisms by their role within an ecosystem helps ecologists understand how food and energy ebb and flows in the environment. This movement of energy is usually diagrammed using food chains or food webs. While a food chain shows one path along which energy can move through an ecosystem, food webs show all of the overlapping ways that organisms live with and depend upon one another. Energy Pyramids Energy pyramids are another tool that ecologists use to understand the role of organisms within an ecosystem and how much energy is available at each stage of a food web. Most of the energy in an ecosystem is available at the producer level. As you move up on the pyramid, the amount of available energy decreases significantly. In general, only about 10 percent of the available energy from one level of the energy pyramid transfers to the next level. the remaining 90 percent of energy is either utilized by the organisms within that level or lost to the environment as heat.   The energy pyramid shows how ecosystems naturally limit the number of each type of organism it can sustain. Organisms that occupy the top level of the pyramid—tertiary consumers—have the least amount of available energy. Therefore their numbers are limited by the number of producers within an ecosystem.

Unit One Business Administration Essay - 639 Words

purpose 1. Identify at least two reasons for producing documents that are fit for purpose. If the documents are incorrect in some way this can have adverse effect on a business and documents can make a significant contribution to the effectness and efficiency of the business. 2. Use the table below to describe some of the different types and styles of documents that are produced in a business environment, and then explain when these different options may be used. Documents When they are used Letters Letters are used to let customers know of changes or asking them to call if necessary Reports When a manager needs a detailed information on the business changes or statistics on†¦show more content†¦Why is this done? To make sure that the document is correct and there is no mistakes. 3. Explain the purpose of following confidentiality and data protection procedures when preparing documents. Because it is requested by law and would be good to the business practice. There`s a legal framework regulates the way that personal information is collected, stored, processed and distributed. Businesses creating and distributing documents rights, confidential information of the individuals must be respected. If the business didn’t they would lose their customers. 4. In business environments, there is often a requirement to use notes as the basis for text and documents. Compare the different types of documents that can be produced from notes and include a description of the format of each document. These would be minutes of meeting, letters and reports. Minutes of meetings have the agenda, who has attended, absences and apologises then there will be the content of what was said in the meeting. Letters they would be on letter headed paper with the customer and business addresses on the subject and the date the letter was written content and signature. Reports would have a front page, contents page and then the pages would have different headings on depending on what the report is about. Explain the procedures to beShow MoreRelatedBusiness Administration Level 2 Unit One Essay3503 Words   |  15 PagesUnit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. †¢ The first thing you need to do is save a copy of this document, either onto your computer or a disk †¢ Then work through your Assessment, remembering to save your work regularly †¢ When you’ve finished, print out a copy to keep for reference †¢ Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your MyRead MoreUnit One: Principles of Personal Responsibilities and Working in a Business Environment, Business and Administration3054 Words   |  13 PagesUnit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. †¢ The first thing you need to do is save a copy of this document, either onto your computer or a disk †¢ Then work through your Assessment, remembering to save your work regularly †¢ When you’ve finished, print out a copy to keep for reference †¢ Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your MyRead MoreBuisness and Administration Level21711 Words   |  7 PagesUnit Title: OCR unit number Sector unit number Level: Credit value: Guided learning hours: Unit expiry date: Principles of personal responsibilities and working in a business environment 201 TC2-1 2 4 32 31/12/2013 Unit purpose and aim This unit is about understanding employment rights; health, safety and security; how to work with others and how to manage and improve own work in a business environment. Learning Outcomes The Learner will: 1 Know the employment rights and responsibilitiesRead MoreNVQ Business studies1456 Words   |  6 Pagesï » ¿OCR Business and Administration NVQ (QCF) UNIT 203 Title Work in a business environment Level 2 Credit 2 1.1 Describe what is meant by diversity and why it should be valued? Diversity should be respected and valued, because nobody is completely the same as anyone else. It is everywhere in our lives which makes rich and varied. In our lives diversity can be defined as differences in heritage, race, beliefs, customs, mental capabilities, physical appearances etc. It should be valuedRead MoreHow Is The Establishment Of Innovation Procedure Done Case Study1484 Words   |  6 Pages How is the establishment of innovation procedure done? All through the vast majority of present day business history, organizations have endeavored to open an incentive by coordinating their structures to their systems. As large scale manufacturing grabbed hold in the nineteenth century, for example, organizations produced colossal economies of scale by bringing together key capacities like operations, deals, and back. A couple of decades later, as firms broadened offerings and moved into newRead MoreBusiness Administration Essay1690 Words   |  7 PagesAchieve Towards A Business Administration Major Every person has the power to achieve short term and long term goals. Without some type of roadmap, people may get lost or never reach their destination. Gathering Information and building a plan is key before starting a college major. College is to be admired and fun, but also challenging so that students may be better prepared for their future, both career and in life. First year students need every beneficial information possible before startingRead MoreSocial Welfare And Its Impact On Business Sector984 Words   |  4 Pagesincome (MR) is the adjustment altogether income because of a unit change in amount. So also minimal cost (MC) is the additional cost of producing a unit. These two ideas are extremely helpful in ideal designation of assets. Assets will mean all variables of creation utilized as a part of the generation process. Such assets are rare. So every firm will attempt to make ideal allotment of such rare assets to get most ideal result. A business is keep running with the essential goal of amplifying benefitRead MoreActive Directory Proposal757 Words   |  3 Pagesidentified a few problems and concerns with the design. The administration team is proposing a new Active Directory (AD) design that will address some if not all of the identified concerns. This document will detail those concerns, the proposal, and how the proposal addresses those concerns. Concerns Several concerns have been brought to the administration team regarding problems with the current design. Additionally, the administration team has analyzed these concerns and identified three primaryRead MorePart A. Question 1:. Concept Of Management Accounting:.1029 Words   |  5 Pages Part A Question 1: Concept of management accounting: â€Å"Management Accounting is the utilization of proper strategies and ideas in preparing chronicled and anticipated financial information of a substance to help administration in setting up arrangements for sensible monetary goals really taking shape of judicious choices with a view towards these destinations. Management accounting helps organizations to generate and preserve value: Management accounting provides information for three major purposesRead MoreThe Organization s General Techniques1609 Words   |  7 Pagesgeneral techniques. One other component is that the greater part of CRM system are actualized anticipated base on general specialized prerequisites center rather than business need center. As notice prior that CRM is key process that aides organizations in comprehension client needs. Along these lines, organizations can enhance their procedures to give these requirements to their client (Oracle, 2006). 2.4.3 Insufficient assistance from CRM sellers CRM sellers are the ones who give the new apparatuses

Business System Analysis

Question: Discuss about the Business System Analysis. Answer: Introduction Kinky Feet is a startup company which faced many problems when it was launched. The company used to take orders from the users but at the end moment, they could not deliver the product as they were using some old equipment which could not keep up with the production rate. Also there was a shortage of raw materials for which the company has always suffered. They used to take the same products every time. The company also suffered as they were not using any kind of information system for which it was quite difficult for them to maintain. The following report is about the business problems that are being faced by Kinky Feet within the organizations and indentifying the problems that the organization is facing from outside. Analyzing and identifying the problems There were many problems that Kinky Feet faced when it started as it was a new company so the pressure was on it makes a name for it. Initially, it launched a small range of shoes which proved to be a great success. The sales were limited as there were limited production of shoes and old manufacturing machines (Chui, Manyika Miremadi 2016). The problem is that the demand was much high than the supply. The orders that the company received was in an irregular way. During the peak seasons, they were flooded with demands which were not met easily due to the different requirements from the customers. The company wanted to install some new equipment in order to meet the requirements of the customers but the problem that the company faced with this notion was that there were cash flow problems due to which the company cannot afford to undertake some of the investments. Another problem that the company faced was due to the sales staff. Initially the sales staff was doing great as they were visiting every shoe retailers and meeting them. Due to this reason they were away from the workplace which often created a problem as they had no idea when they returned back from the meetings. As they had no idea what was going on with the production and the gradual rise in the popularity of the shoes, the sales team often made claims which later could not be fulfilled. Another problem is the lack of the Information System that is they had not installed the Microsoft Navision that includes CRM and SFA which are really useful for any small business. Another major problem that the company faced was the lack of money that they were not getting from the retailers due to which they were unable to pay it to their customers. They had a pending amount of $70000 which they would get from the retailers. Due to this, they are unable to install the information system in their company for which they are facing too many problems. Classification of problem The problems that have been identified above can be said to be as both hard and soft system problems. There are certain areas which fall under the hard systems and certain areas which fall under the soft systems. Hard system can be defined as the problem solving technique which requires system approach that is it can rectified using proper systems while on the other hand, soft system problems can be defined as an approach to the organizational process modeling which can be used for both general problem solving and change in management (World Economic Forum (WEF) 2011). The problems that the organization faced for the lack of equipments for which their production rate were quite less and could not meet the requirements of the customers and this falls under the hard systems (McNurlin, Sprague Bui 2009). This can be rectified using new and upgraded techniques which could prove to increase the production and company can fulfill the requirements of the users. Another is that CRM and SFA can be used to keep track of the stock levels, production schedules and also include the shipping and delivery dates. This could help them analyze the trends and requirements of different customers at different locations, The problems that the company are facing for the sales executive and not fulfilling the targets falls under soft systems which can be rectified using proper business models that will help the company to evaluate the existing problems. Business models help any company to outline the basic problems and help them work accordingly. Stakeholders and problem owners The problems with the stakeholders here the customers faced when the users placed some order but they did not get that within the time that they were ensured of or their orders would not be accepted. The later mainly happened when there was no raw materials are present for the company to manufacture more. Also the customers would get their products quite late as when the orders are at its peak, the production was not as high as the company has not installed any new machines due to which they could not meet the requirements of the customers. This automatically created a negative impression on the company as they are not able to fulfill the needs of the customers what they promised (Birch 2003). Also the company should try to make shoes with consistent production and also should make shoes which are quite different from the rest of the market. They should try to maintain the quality and quantity of their production. Another problem is that that the sales staff are facing is that the company is using one stock item number to define one style of shoes which means they had to manually write the colors and sizes that are required. This often created a problem as one retailer got all the orders for the black color which caused when a salesperson forgot to note down the order on what is required. Analyzing the Business Systems using different techniques Different techniques, models and tools that can be used to analyze the business systems are SWOT Analysis, Business Process Modeling, Use Case Modeling, Data Modeling and Requirement Analysis Modeling. SWOT Analysis: SWOT analysis stands for Strength, Weakness, Opportunities and Threats which is mainly used for the analysis techniques of a business in an enterprise level. SWOT analysis can be used as a standalone technique which is in itself is quite easy and straight forward but every dimension has its own set of techniques. Due to simple user interface and in depth analysis, SWOT analysis is used everywhere among the business (Calof, Richards Smith 2015). With the help of SWOT analysis, the company can easily get to find out the strengths, weakness, opportunities and threats and can take steps accordingly. SWOT analysis helps the company to understand more about the market and the necessary steps to be taken in order to fulfill the requirements. It can be used as a structured analysis to derive all the information that is required. Business Process Modeling: It a diagrammatic representation of the information workflow, processes and decisions for a business process. These are mainly represented with the help of Unified Modeling Language (UML) diagrams which uses the Object Oriented Analysis and Structured Analysis. It is the most widely used modeling technique among the businesses. It represents the data in a more logical way and steps how to execute it at different levels so that the business can run more efficiently. It also helps in giving visual representations for a large amount of information much faster than any traditional way (Laursen Thorlund 2016). Due to its diagrammatic representation, it also helps in breaking down any complex steps and helps them in explaining the sequences of the task. With the help of Business Model, companies can get a clear picture of the company and the short comings that it is facing. Business Model can be used as Structured Analysis as well as Object Oriented Analysis which can be beneficial for the company as it can help the company to understand more. Use Case Modeling: It is also an extension of the use of UML which helps in giving a clear picture of functioning of the systems and tells from the user perspective how it would perform on interaction. It also uses diagrams to explain every attributes and represent them more methodically. This is mainly used to show the relationship between the actors and interaction between the actors (Klinkenberg 2013). Due to its simplistic reason, it I widely accepted among the business analysts to analyze the problems. With the help of Use Case Model, the company can get to know about the interaction of the users as it defines the actors and the interactions of the actors with the system. It defines the interaction from the users perspective which can help the company to know more about their users and take steps according to it. Requirement Analysis: These are mainly used to determine the needs or conditions that are required to meet a new or altered product or project. It is used for the requirements for the various stakeholders so that they can analyze document, validation and managing software (Sharma, Mithas Kankanhalli 2014). It is very critical as it decides the success or failure of any system. With the help of requirement analysis, companies can get to know about the stocks available and also can check the delivery dates. This can be useful for analyzing the Stakeholder issues, Developer Issues and Attempted Solutions which can help them to maintain the required assessments. Rich Picture based on the analysis Rich picture provides a mechanism for the learning about the complex and ill-defined problems by drawing detailed representation on them. Based on the above analysis, the company faced many problems with the sales as there was no proper planning. The company used to get many orders but was not able to deliver them in time or worst some orders were never fulfilled. They used some old equipment which could not keep up with the growing demands as a result the production gradually fell. This mainly happened due to the fact that the company was out of raw materials (Holsapple, Lee-Post Pakath 2014). Also the sales executives who went on promoting the brand did not know about all this which in the end put the company in a bad impression for others. Also due to the lack of Information System that is CRM and SFA, the company was not able to keep a track of their materials and the delivery dates of the product. Another problem that it faced was of the stakeholders that are the users who kept on waiting for the product but never received it. Company faced problems from the retailers also as the company only used one code for all their all products which created lots of confusion among the retailers and they got same multiple products. The company also faced problems due to the irregular cash flow from the sales and the company was to get about $70000 from the sales which were pending. Due to this, the company was unable to pay the salaries to the employees. (Figure 1: Rich Picture for the Organization) (Source: Created by Author) Matrix of Method (Figure 2: Matrix of Method) (Source: Blum 1994) Problem Oriented- It gives the user a better understanding about the problems and the given proposed solution Production Oriented- Correct changes required to implement the specifications Conceptual- Represents the properties of the problems Formal- Actual implementation of the proposed solutions Problem-Oriented Product Oriented Conceptual 1. The company is facing shortage of raw materials due to which they are unable to supply the products or meet the user requirements but in spite of these problems they are accepting the orders and at the end they had to cancel it giving the users a negative impression over them. Another problem is that of the sales executive officer who went on promoting the products without knowing the status of the company. The solution could have been that they should try to get raw materials as much as they can and should always keep some in the reserve section for emergency purposes. The sales executives should be informed about the status so that they can sell their product accordingly. 2. Since the company is not using any Information System at the current time so it would be good if they did because with information system, they can keep track of their raw materials and expenses rather than manual entry. Also, there is a huge sum of money is pending from the sellers roughly around $70000 which is a bad thing as with this many employees are not getting their salaries. Formal 3. Microsoft Navision should be implemented as with the help of that application, they can easily get the information about their customer demands and also gives brief details about the products that they are using. All the records of the sales products should be maintained and money should be obtained from the sellers as soon as possible as the money that they will get will be used for various things that will be used for the betterment of the organization. 4. Using information system is very useful as with this they can understand the market and very well and get to know about their customer needs and also the sales that they are achieving and what they are lacking of also in this they can make better decisions with the help of this information system which will give them an upper hand over the other companies. Conclusion Information System is very much useful for any company as it can help a company to get a clear view of the market. Also using the business models can help them to understand the market and find any shortcomings that the company is facing presently. CRM and SFA could help the company to track the details and the necessary things that are needed. Also company should try to implement these in order to function more effectively. References Birch, D 2003 Corporate Social Responsibility: Some Key Theoretical Issues and Concepts for New Ways of Doing Business, Journal of New Business Ideas and Trends, vol. 1, no. 1, pp. 1-19. Available at https://ezproxy.lib.swin.edu.au/login?url=https://go.galegroup.com/ps/i.do?id=GALE%7CA238912955v=2.1u=swinburne1it=rp=AONEsw=w Blum, S., Woodfree Limited 1994,Method and product for treating waste paper material. U.S. Patent 5,360,512. Calof, J, Richards, G Smith, J 2015, "Foresight, Competitive Intelligence and Business Analytics Tools for Making Industrial Programmes More Efficient",Foresight-Russia, vol. 9, no. 1, pp. 68-81. Chui, M., Manyika, J. Miremadi, M 2016, Where machines could replace humansand where they cant (yet), McKinsey Quarterly, July 2016, viewed 24 February 2017 https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/where-machines-could-replace-humans-and-where-they-cant-yet Daft, RL 2009, Organisation theory and design, 10th edn, Thomson South Western, Mason Ohio Holsapple, C., Lee-Post, A. Pakath, R 2014, A unified foundation for business analytics.Decision Support Systems,64, pp.130-141. Klinkenberg, R. ed., 2013.RapidMiner: Data mining use cases and business analytics applications. Chapman and Hall/CRC. Laursen, G.H. and Thorlund, J 2016,Business analytics for managers: Taking business intelligence beyond reporting. John Wiley Sons. McNurlin, BC, Sprague, JR. RH Bui, T 2009, Information systems management in practice, 8th edn, Pearson International edn, Pearson Education, Inc., Upper Saddle River, New Jersey Seddon, P.B., Constantinidis, D., Tamm, T. Dod, H 2016, How does business analytics contribute to business value?.Information Systems Journal. Sharma, R., Mithas, S. Kankanhalli, A 2014, Transforming decision-making processes: a research agenda for understanding the impact of business analytics on organisations.European Journal of Information Systems,23(4), pp.433-441. Shmueli, G., Patel, N.R. Bruce, P.C 2016,Data Mining for Business Analytics: Concepts, Techniques, and Applications with XLMiner. John Wiley Sons. World Economic Forum (WEF) 2011, Outlook on the Global Agenda 2012, viewed 4 January 2012 https://www3.weforum.org/docs/GAC11/WEF_GAC11_OutlookGlobalAgenda.pdf Business System Analysis Question: What is an example of big data either from your personal experience or outside research? How is it similar or different to the example in the case? Answer: Example of Big Data: Big Data is huge amounts of data that organizations in modern world need to collect, store and process for formulating strategies to fight its competitors. For example, Big Data is used in hotels for booking rooms and other services. They use this service in case of emergencies. Data is collected for booking the rooms at time if fight cancellation and bad weather. In this case when the hotels know that the flights are going to be cancelled they create a network chain in collaboration with the mobile operators and send the messages to travelers promoting their hotel. This is all done with the help of bug data. In this case data regarding the details of passenger, flight schedule, weather condition, passengers contact details, flights that are cancelled and the network providers are used to promote the hotel. The big music companies and organizations use big data for forecasting demand and planning the strategies accordingly (Kaisler et al. 2013). The example given is similar to the example given in case study. According to the case study big data is used for managing operations and marketing products. Same is the case with the example of hotel where big data is used to promote the rooms of hotel to people during the time of emergency. According to the case study the IT companies processes the big data and makes its usable for the corporate houses. Big datas are then converted into knowledge and information (Vis 2013). References Kaisler, S., Armour, F., Espinosa, J.A. and Money, W., 2013, January. Big data: issues and challenges moving forward. InSystem Sciences (HICSS), 2013 46th Hawaii International Conference on(pp. 995-1004). IEEE. Vis, F., 2013. A critical reflection on Big Data: Considering APIs, researchers and tools as data makers.First Monday,18(10).

Strategic Analysis of Delta Airlines free essay sample

This report will be discussing strategic management to a company in the airline industry. This report will examine a chosen company’s strategic management and outline the stages. Strategic management is analyzing the situation facing the firm, also on the foundation of analysis formulating a strategy and lastly implementing strategy. Strategic management is the identification and the description of strategies that can be used by managers so as to attain better performance which in turn will ensure competitive advantage for their organization. It can be used to determine things like the mission, vision, goal, values, mission, timeline objectives, roles and responsibilities. 1. 0 Introduction There are three ongoing processes that strategic management of an organization entails; these are the analysis, decision making and action. The main concern of strategic management is the analysis of strategic goals, as well as the analysis of both the external and internal environment of an organization. A strategic management directs the overall company goals, which includes multiple stakeholders, incorporates short term as well as long term objectives, and oversees the trade-offs between effectiveness and efficiency. We will write a custom essay sample on Strategic Analysis of Delta Airlines or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Having a good management strategy, an organisation is able to achieve its goals and meets its expectations. With the used use of well formulated strategies, a company will always prosper and generate great results. Without well formulated objective goals a company or an organisation cannot exist, since every company has a reason for it existence. After analyzing of the organization’s objective goals and a good strategic plan, leaders are expected to make strategic decisions; the decisions should address two basic questions: What is the industry that we should compete with? What formula should be used to compete in those industries? A company needs to know its immediate competitors once it starts operating. A company should formulate a well design that will enable the company to beat all its competitors in the market and so that it can make more profits from its consumers or customers. These questions can be useful for the organization in both domestic and international environment. Finally comes the action that must be acted upon; unless action is taken, decisions are useless. It is the actions that are taken by firms, which implement the strategy (Mintzberg, Ahlstrand and Lampel, 2009). In this analysis, three major processes of strategic management processes will be discussed in a more detailed manner. These strategic processes are strategy analysis, strategy formulation, and strategy implementation. They help the company in overcoming the many challenges that companies are facing in today’s global market place. Strategy Analysis- contains general environment analysis and competitive environment. It is the starting point of a strategic management. Strategy implementation is the process in which the management sees that all the set objectives and goals are effective and have value to the company. It ensure that the organisation has a proper strategic controls. Strategy formulation is of how the organization is to compete in different business environment to attain competitive advantage. To see that the company’s set strategies have become a reality, leaders should take the necessary resource and take time to design the organization. Strategy Implementation Strategy Formulation Strategy Analysis 2. 0 Strategic Analysis Strategy analysis might be seemed upon as the first spot of the strategic management development. It is made up the ‘advance work’ that has to be done so as to efficiently formulate and implement strategies. Lots of strategies are not succeed for the reason that manager might fancy to formulate and implement strategies, not including a cautious analysis of the important goals of the organization and not including a thorough analysis of its external and internal environment (Lumpkin amp; Dess, 2005). 2. 1 The General Environment The general environment define that the progression of developing strategy for a business by exploring the environment and business in which it activates (Business dictionary, n. d. ). 2. 1. 1 PEST Analysis PEST analysis will be able to be utilized to help detect trends in the external environment that will eventually discover their method into the competitive environment. It gives a relation between the general and competitive environments in that weak signals in the general environment are able to become main forces for transform in the competitive environment. (Henry, 2011) 2. 1. 2 Strength Delta airline uses merger so as to be able to expend its business. In 2008 the company merged with Northwest airlines. It operates in Europe, North America and Asia/Pacific regions. Once the merger was complete, Northwest Airlines and all its constituents become wholly-owned by Delta Airlines. The merger saw to it that Delta Airlines started operating in the Northwest for FY 2008. In the period of two month that is from October of 2008 the time the merger was completed to December of 2008, the company had increased it revenues to $2 billion. Having a flexible nature, allows Delta to improve customer services, and in the long run be able to achieve its strategic objectives. Delta airlines have multilateral and formed alliances with other airlines. This is beneficial since the airline is able to gain access to international airlines. By forming alliance, the airlines share codes, access to passenger lounges, promotions, airport gate and ticket counter, marketing agreement and ticket office co-location. 2. 1. 3 Weakness Delta airline tend to be over depended on North America airlines for its revenues. 66. 4% of the company’s revenues are derived from North America. By having heavy dependency on the market, the company is susceptible to any change that s associated with that geographical region. Delta airline has high indebtedness, in the final financial year of 2008 of $16,571 million which was an increase of 84. 1% over the financial year ending in 2007. The industry also has poor communication method; there is no clear link from the management to the passengers. The airline is not innovative, in that it does not come up with new ideas, what the airline does, is the same thing that is being done by other airlines. 2. 1. 4 Opportunities. There is an expected growth of international boarding on big careers, and smaller regions are expected to grow. Total aviation fleet is expected to grow to 1% an year. This is an advantage to for Delta airline that is engaged in the air transport system, it is therefore position to capitalize on the ever increasing US region airline industry. The growth of maintenance repair and overhaul (MRO) market is the other thing that gives support and opportunity for Delta airline. There is a lot of service that is offered by Delta that is from MRO, and with the growth of MRO, creates an opportunity for delta to capitalize on the industry as well as expanding its revenues and profits. . 1. 5 Threats. The economical crises that is global, has affected Delta airline severely. The crunch from the credit, the financial crises and the oil prices going up affect the airline industry directly. A don turn in the economy posses as a challenge for Delta airline, the financial turmoil has put delta airline in a fix, and any further global economic recession will hinder Delta’s ability to be able to achieve and sustain profitability. 2. 2 The Competitive Environment The competitive environment impact on an organization’s performance more directly. Some of the factors that influence competition are cost, events, labour and season. These factors do not only affect competition, they also influence how the competition will be rendered. By identifying certain competitors, cost can be reduced, and firm can put more efforts on identifying the risks. For Delta airlines to be able to deal with competition, they should recognize the need to grow. 2. 2. 1 Porter’s Five Forces Framework. Evaluating some of the determinants of industry profitability and assessing firm performance by Porter’s five forces framework is a suitable tool of analysis. The framework allows a firm to evaluate the attraction of its business founded on the relation strength of those five forces. Given its resources, a firm is able to take a judgment as to which industries it is able to compete in most effectively and place it to decrease the opposing effect of those forces. According to critics of the 5 forces framework, the main limitation is its static nature (Henry, 2011). 2. 2. 2 The Threat of new Entrants. In terms of The Threat of new Entrants means of transportation, especially airlines are vulnerable. Because of the deregulation in 1970’s~1980’s, legal entry barriers removed. According to the latest statistics, if someone invest only $ 35 million, it is possible to advance the airline industry. This is tolerable if you would afford enough amounts for small and medium enterprises. The threat of new entrant is quite high. (Gross, S. , Schroeder, A. 2007) The bargaining power of suppliers in the airlines industry is vulnerable from In terms of the bargaining power of suppliers. The bargaining power of suppliers will be stronger when the demand of supplier is low, when the supplier to supply the goods has been differentiated and when there is no alternative to the provider (Lynch, 2008). . 2. 3 The threat of substitutes. There are three main forms of threat of substitutes in the airline industry. Rail, road and boat services are existed. Of these, the rail is definitely the main threat in the air industry. It serves a great service delivery around the major city. However, Delta airline promise that offer faster journeys. For instance, from New York to LA it t akes 5-6 hours by airplane, on the other hand, train takes 2-3 days. 2. 3 The internal environment. An internal environment is the environment that is within the firm. They are the policies, manage, employees and working condition that has been set for them. SWOT analysis is important for the firm as it will enable it to create a situation where it can attain competitive advantage (Thompson and Martin, 2005). Using Porter’s five force Delta airline should be able to determine the best approach that they can use so as to attain stability in the internal environment (Henry, 2011); by doing so the firm is ensuring that   all the areas that constitutes the internal environment have been looked at and no loop hole has be left. This will strengthen the operations of the firm, creating policies that will stabilize the firm, as well as ensuring long term results. 2. 3. 1 Value Chain Analysis. Value Chain Analysis is a strategy tool using to analyze internal company actions. Its aims are recognizing, which undertakings are the most valuable (i. e. are the foundation of cost or diversity benefit) to the company and which ones is able to be improved to offer competitive benefits (Strategic management insight, 2012). 2. 3. 2 The resource-based view of strategy. The height of competition in an industry is important if the industry is to underlay its strategy. An organization should be able to understand the elements that make the structure, and take action in order to influence or perhaps mitigate the brought effects. Managers should be able o identify the sources and how they are likely to affect the strategic decision. For instance, the concern of the simply nature that other firms are allowed o join the industry. Since if everything is constant, and then entry barriers should be put so that they can ensure profits that are above average ((Henry, 2011). . 0 Strategy Formulation The process of choosing most excellent course of action for achieving organizational objectives and from accomplishing organizational purpose Strategy implementation- contains planning the organization’s structure, managing human resources, developing decision making process, distributing resources. There are two things that should be determined by the manage rs when it comes to attaining competitive advantage in the market, producing substances that are unique, or selling at low-cost, and at times a combination of both (Henry, 2011). When organizations come up with idea that works, they are copied by their competitors, almost immediately. For instance in the 1980’s, American Airlines tried to attain a competitive advantage by creation of frequently flyer program. A few weeks later all the airlines had copied this idea. This made frequently flyer program change from a competitive advantage to a measure of competitive parity. Delta Air Lines Industry: Airline Founded: 1928 Country: United States Employees: 78,400 Sales: $35. 12 B (April 2012) Asset: $43. 5 B (April 2012) Profit: $854 M (April 2012) Delta Air Lines (Delta) is a principal United States airline. Delta Airlines was established by Huff Daland Dusterson May 30, 1924 in Georgia. Delta Air Lines and branches control over 5,000 flights daily and have nearly 80,000 employees. Delta offers reserved air transport for customers and cargo all through the United States and all around the world. The Companys path network gives it existence in all domestic and global market. Deltas route network is placed on the core system it controls at airport thus enabling it to reach different destinations. Each of these core processes contains flights that collect and allocate traffic from markets in the geographical area surrounding the hub to domestic and international cities and to other hubs (Forbes, 2012). 3. 1 Business strategy level. When it comes to business level, Delta airlines is focused in ensuring customer satisfaction, despite what other airlines are doing. Though competition might be proliferated, Delta airlines have always managed to be on top by ensuring that customers get the best. The airline does not follow the rules that are set by other business when it comes to prices and fare. In the airline industry, Delta, united, Southwest, US airways, American airline consist of large companies and between them dominate the airline industry with a combined market share of around 71 percent. These are the close rivals of Delta airlines, and when the firm is doing its strategic management, it should also look into these rivals, so as to plan a way to say a head which is the whole point of strategics and planning. The point is not copying what these firms do, but finding a weakness in these firms and using that weakness to attain advantage. 3. 2 Corporate level. In order for an organization to attain success, they should link human resource management and corporate together. This would be helpful in situation where the firm is required to make quick decisions and respond rapidly to a situation. The Delta airline makes the necessary moves in order to establish great chance in the survival in different business fields and achieve an appropriate amount of diversification. The main concept of corporate strategy is that the organisation identifies the types of business the company should invest in. It also tackles the question of in which line f business is the company suitable to take? For a company to be success it should always do a survey on the best business market to invest in. The management does estimates of every business and the competitors in the market even when starting the organisation. Delta airline has linked the two together, and this is the reason that the company is always active and does not take a long time to respond to situ ations. The expansion of Delta airline has been as a result of the way is doing well in the airline industry. Otherwise corporate strategy helps the company to review its ability to expand or reduce its expansion. When airline form alliances, they gain opportunities to handling the airport ground, maintainers of aircraft and in-sourcing. Code sharing enables airlines to sell seat as well as expansion of the number of destinations. Airlines with the code sharing are allowed to offer. Consistency is another thing that has made Delta makes it in this competitive industry. Since Delta is a large airline, and even during the slowdown, the company has recorded a finical performance that is significant in the past years. The company has increased its revenues, due to the mergers, increase in fare, and also increased service to international destinations. . 3 International strategy and Globalization. The fact that airlines had gone global, even before globalization, one might expect that as the global experience enriches, then the airlines especially the legacy carriers would be well positioned and take advantage of globalization. That has not been the case, globalization unlike the opportunity that i t has offered other industries, when it comes to airlines, it has been a threat. This is the reason that Delta airline has secured its position, globally by forming mergers and partnership. This has made it to be on top and deal with competition as well as issues like restrictions and antitrust. 3. 4 Assessing organizational Performance. So as to be able to analyze how a firm is doing in the industry. This is important as it will enable the firm to identify the areas that they need o improve on, as well as compare what they are doing and what other firms are doing (Capon, 2008). Performance should not be assessed as a firm in general, but to be able to attain results, firms should analyze the performance of every sector. This would enable the firm to see the area that re bringing it down, and plan for the best method that these areas can be improved. If one sector is not working well, then chances are this could spread out to other fields and in the long run; the firm can be affected entirely. Delta airlines have a method that they use to analyze the performance of the firm. In fact, their website has been open for customer’s feedback, so that they can be able to identify some of the areas that the customers were not satisfied with. Analyzing of the performance and operation of this organization is hat has kept it on the top. The company strives to ensure that customers are satisfied, and happy with the service. Delta strives due to the fact that the management has ensured that the organization is characterized with the right people, guidelines, and principles. The company has also created an anonymous channel where complains can be forwarded by the customers. When it comes to the workers, Delta Airlines offers the best employee package. In the website one can be able to read some of the feedback that have been given by the employees, both who are still working with the airline, and those who are not. Ensuring that the employees are satisfied is one of the strategies that Delta Airlines use to deal with competition. It is believed that if employees are happy, chances are they will deliver service that are of quality to the passengers. 4. 0 Strategic implementation 4. 1 System change Delta is recognized throughout the industry as unique, due to the extensive flight and brand legacy. This is evident after the merger between Delta and U. S. airlines, even thou these companies were both public acknowledge, they opted to go with the Delta airlines as the brand name. Delta has been faced with bankruptcy, but has managed to fair well, it has attempted airline at a low cost, and any route implementation, thou some of the route mentioned have not been implemented. Even after the enormous proliferation of competition schemes in business strategic literature, the most influential proliferation in the last two decades have been, competitive positioning and resource base view. Firm’s resource includes; assets, process of organization, capabilities, attributes, knowledge and information. They are inputs that are used to facilitate an organization to be able to function. Not all resources that are available to the organization have importance, there are only a few that can be used to insert value and create strategy, which puts the organization in a competitive advantage. 4. 2 Strategic leadership. The formulation that an organization uses to stay ahead and attain competitive advantage should be unique and original. The mistake that is done by many firms, is copying he strategic from other firms in the industry and by the end of the day, there is no level competition since everyone is offering the same things, techniques and innovation ends up being a forgotten element. So as to see that the set strategies have become a reality, leaders should take the necessary resource and take time to design the organization. The study of strategic management is a study that enables one to understand why some organization outperforms others. For are this reason, manager are expected to have a plan on how the organization is to compete, o that it can not only attain competitive advantage, but also to have this advantage over a long period of time. There are two important questions that the firm should focus on if they want to attain a length competitive advantage (McGee, Thomas and Wilson, 2005). What method must we use in order to attain competitive advantage? How can we create a competitive advantage that is unique, long lasting and not easy to be substituted of copied? 4. 2. 1 Political. In a political context, Delta airlines have dealt with various political issues over the past few years. It has been tasked with balancing and satisfying both its potential customers and the numerous governments it continues to operate its business with. Over the past few years, Delta has run into hot water over its policies in the middle east and domestically, in America. A prominent example was its controversial tie up with Saudi Arabian Airlines in 2011; whereby it agreed to refuse services to Israeli passport holders and Jews while operating over Saudi Arabian soil. This was agreed in principle and practice, in accordance with Saudi Arabian laws. 4. 2. 2 Economical. The airline industry has been subject to a handful of economic impacts. Such as, slowdown in the growth rate, rising Crude Oil Price. The most significant impact in recent years has been oil price, rising all around the world. Airline ticket price is adjusted by Crude Oil Price, and its effects are harshly felt on the airline industry. New York Stock Exchange (NYSE), crude oil for transport in June rose by an additional 40 cents to $91. 83 a barrel; and Brent North Sea crude for June transport improved 32 cents to $102. 05 in the morning trade (The News, 2013). Another economical factor is worldwide economic crisis. The recent financial disaster is the worst the world had realized since the Great Depression in the 1930s. Therefore, airline industry is affected by the world financial crisis (Yale global, 2013). . 2. 3 Social. Increasing needs of popularity of holidays overseas has been tending to an explosion in a request for air travel. All around the world, an average age of the population is growing steadily. Babies are born fewer. Moreover, enhancing medical skills have made many people live longer. Therefore, family and aged people have influence on the airline industry. Air travel demands are increasi ng gradually. 4. 2. 4 Technological Current airplane is more economical to manage. The 777 can hold the seats around 270 passengers, while another one can seat around 240. Furthermore, these are purchased using for the far distance routes. Delta had come to be the biggest air company consuming the Boeing’s out of production 717 planes under the contract that was produced in May, 2012 (US daily voice, 2013). Moreover, Delta has started to invest over $3 billion in technological facilities, service and technology global products to improve the passenger experience in the air. The investment has begun in 2010, and it will be maintained until 2015. Delta has finished setting up of full flat-bed seats in all deltas’ aircraft cabin (Marianas variety, 2013). . 3 Cooperate governance Having the right channel and right people to work in the airline, and guidelines is what has made delta airlines to be on top. The management has implemented that having connection with the right people and doing business in the right manner is what will put the business on top. 5. 0 SWOT Analysis SWOT analysis consents an organization to evaluate the suitable of its recent strategic to its moving environment, and to support turn possible treats into opportunities, and weaknesses into strengths. It can assist an organization to recognize its possessions and abilities more obviously, and or evaluate whether those are advantage or a restraint to developing opportunities in the market field. Finally, it is able to be used to support the organization’s formulate strategy (Henry, 2011). SWOT analysis is an important part of strategic management as it can be used to pointer for the manager at the areas that need to be looked into, and the area that are working, for the advantage of the company. It can also be used for planning of the organization future plans, by taking advantages of the opportunities that are available for the firm. Firms owe it to the clients; and these are the repository of firm’s activities. At the heart of both the management and at the heart of resides customer. Delta airlines are aware of the importance of the resources, they tend to fish all the resources that are necessary to satisfy customer, and put it at the bases of the policy. Delta uses the resources that are available to them to attain competitive advantage. Things like planning flight, more destinations in comparison to other airlines and also the fact that customers trust the airline since it has been in existence for a long time. 6. 0 Conclusion Delta airlines seems to have a bright future, this is due to the fact that despite the turbulence that has affected the airlines during the past decade, Delta has managed to beat the storm and be more successful in comparison with the competitors. Delta has come up with innovative customer friendly features as well as creation of a look that is more defined, that is in terms of their route structure and business practices. Even when fuel and labour cost went high, Delta managed to offer up to standard customer service at rates that are comparable. With the pans and changes outlined in the report, Delta airlines seems to safe for takeoff, but one should be trends with care, it might appear that the airline is headed for a ride that is bumpy. References: Business dictionary. (n. d). Strategic Analysis. Available: http://www. businessdictionary. com/definition/strategic-analysis. html. Last accessed 10th May 2013. Capon, C. (2008). Understanding Strategic Management, FT Prentice Hall. Gross, S. , Schroeder, A. (2007). Handbook of low cost airlines: strategies, business processes  and market environment. 1st ed. Berlin: Erich Schmidt Verlag. Henry A. E. (2011). Understanding Strategic Management, Oxford University Press. http://www. strategy-business. com/article/00047? gko=19274 http://usdailyvoice. com/delta-airlines-plan-to-make-some-major-purchases-from-boeing-or-airbus-sas-715. html http://www. mvariety. com/cnmi/cnmi-news/local/55403-delta-air-lines-upgrades-products-services http://www. huffingtonpost. om/rabbi-jason-miller/delta-airlines-saudi-arabia_b_883202. html http://www. thenews. com. pk/article-98312-Oil-prices-rise-in-Asia http://yaleglobal. yale. edu/content/global-economic-crisis http://www. managementstudyguide. com/resource-based-view. htm Lynch R. (2008). Strategic Management. (6th edn). FT Prentice Hall. Lumpkin, B. , Dess, G. (2005). Strategic Management: Text and Cases. 2nd ed. New York: Irwin       Professional. McGee J. Thomas H. and Wilson D. (2005). Strategy: Analysis and Practice,   McGraw-Hill Mintzberg H. , Ahlstrand B. and Lampel J. B. (2009). Strategy Safari: The Complete Guide. Shaw, S. , (2007). Airline marketing and management. 6th ed. USA: Ashgate Publishing. Strategic Management Insight. (2012). Value Chain Analysis. [Online] Available at:    http://www. strategicmanagementinsight. com/tools/value-chain-analysis. html [Accessed 10th May 2013]. Thompson J. L. and Martin F. (2005). Strategic Management (5th edn. ) Thomson. Witcher, B. J. , amp; Chau, V. S. (2010). Strategic management: principles and practice. [S. l. ],    Cengage Learning. www. delta. com/content/www/en delta/ /corporate-governance

Falalalala - French Christmas Carol Lyrics

Falalalala - French Christmas Carol Lyrics Falalalala is the French version of Deck the Halls. They are sung to the same tune, but the lyrics are quite different. The translation given here is the literal translation of the French Christmas carol. Que lon chante quon sapprà ªteFa la la la la, la la la laSonnez pipeaux et trompettesFa la la la la, la la la laCar cest la joie quon apporteFa la la, la la la, la la laOuvrez donc grandes vos portesFa la la la la, la la la la.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Let us sing let us get readyFa la la la la, la la la laRing pipes and trumpetsFa la la la la, la la la laSince its joy that we bringFa la la, la la la, la la laOpen your doors wideFa la la la la, la la la la Dans les villes et les villagesFa la la la la, la la la laRà ©pandons notre messageFa la la la la, la la la laProclamons la joie profondeFa la la, la la la, la la laQue Dieu a donnà © au mondeFa la la la la, la la la la   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  In cities and townsFa la la la la, la la la laLet us spread our messageFa la la la la, la la la laLet us proclaim the profound joyFa la la, la la la, la la laThat God has given the worldFa la la la la, la la la la Voici les cloches qui sonnentFa la la la la, la la la laQue le nouvel an nous donneFa la la la la, la la la laUn coeur rempli de tendresseFa la la, la la la, la la laCest la plus belle richesseFa la la la la, la la la la   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Here are the clocks chimingFa la la la la, la la la laMay the new year give usFa la la la la, la la la laA heart full of tendernessFa la la, la la la, la la laIts the most beautiful wealthFa la la la la, la la la la

CASE4 MGT 491 INTERNATIONAL HRM Essay Example | Topics and Well Written Essays - 1000 words

CASE4 MGT 491 INTERNATIONAL HRM - Essay Example This paper will discuss various challenges that private organizations encounter when they station expatriates overseas. The will seek to explain the key issues of successful expatriation and will provide suggestions on how private firms can help the repatriation process. The paper will be written from a point of view of newly elected International HRM manager in India. The International HR Manager is required to extend the positive image of their organization to a new country. The culture of the firm should not be carried forward to the new branch. Being in a foreign country, it takes time for the HR manager implement a culture especially when dealing with new employees of a new country. The international HR manager undergoes a feeling of exception and thus do not settle down mentally within a short period of time. Psychologically, when a human being is taken to new places, they develop a characteristic of adventuring in order to learn their new environs. This nature affects international managers, and they end up giving little devotion to their job responsibilities. A company spends a lot of finances as allowances for the Human resource managers. Some managers are emotionally overwhelmed by the large sums of money and end up engaging in a vacation/ exploration rather than concentrating on the assigned business duties. Every organization has its internal laws that are governed by the external laws of the country. Human resource managers might find themselves in complex situations when the internal law of the organization does not comply with international laws. The International HR manager deals with a new workforce which has different characteristics with what they are used to (Harris, Brewster & Sparrow, 2004). It, therefore, becomes challenging to control the workforce effectively and meet the organizations production expectations. The organization is thus exposed to the risk of business failure or