Green Mountain Coffee Essay Example for Free

Green Mountain Coffee Essay Green Mountain Coffee Roasters (GMCR) began as a little cafã © in Waitsfield, Vermont in the time of 1981. It was in 1993 that the organization opened up to the world and procured the early period of Keurig Incorporated Inc, and afterward finished the securing in 2006. (Obscure.( 2004). Gmcr.Retrieved from http://www.gmcr.com/about-GMCR.html) Once these two organizations joined it made the manner in which we drink refreshments unique in relation to ever before in both the home and office. As per GMCR’s site â€Å"Today, GMCR is perceived as a pioneer in claim to fame espresso and espresso producers, and recognized for its honor winning espressos, fermenting innovation, and earth and socially capable strategic policies. † ((Unknown.( 2004). Gmcr.Retrieved from http://www.gmcr.com/about-GMCR.html) GMCR has three specialty units that they work with today. The first being claim to fame espresso which incorporates Green Mountain Coffee, Tully’s Coffee, Diedrich Coffee, and Coffee People. The second unit is the Keurig specialty unit, which made the sign cup blending framework. The third and last is the GMCR Canada. The GMCR Canada is possesses all deals for the organization and incorporates the Van Houtte business just as Timothy’s World Coffee brand. ((Obscure.( 2004). Gmcr.Retrieved from http://www.gmcr.com/about-GMCR.html) The current CEO is Brian Kelley who joined GMCR in 2012. Before GMCR Brian Kelley was Coca-Cola’s Chief Product Supply Officer , and president and CEO of SIRVA, Inc. ((Obscure.( 2004). Gmcr.Retrieved from http://www.gmcr.com/about-GMCR.html) just as different organizations, for example, Ford Motor Company, GE, and Proctor and Gamble. In 2011 net deals were 2,650.9 million which was up 95% over financial 2010. (http://investor.gmcr.com/releasedetail.cfm?ReleaseID=622448) The obtaining of Van Houtte which occurred in December, 2010 notwithstanding the association with Starbucks and Dunkin Donuts with the K-cups choice of their espresso has helped add over 321.4 million to the net deals in 2011. (http://investor.gmce.com/releasedetail.cfm?ReleaseID=622448) GMCR has seen quickened development in the course of the most recent few years because of its Keurig single cup fermenting framework and the K-cups that accompany it. The following is the breakout for the 2011 Fiscal Financial Review gave by (http://investor.gmcr.com/releasedetail.cfm?ReleaseID=622448). 2011 2010 $ Increase SWOT ANALYSIS StrengthsWeakness S1-Strong notoriety with its customersW1-Keurig single-cup brewers all made by one production S2-AcquisitionsW2-Large % deals from one region of the business (K-cups brewers) S3-Marketing W3-Forecasting because of such short-term achievement OpportunitiesThreats O1-Increase advertising to the age gathering of 40 and more seasoned T1-Risk of licenses terminating permitting different contenders into the market O2-Increase showcasing in the Supermarket locationsT2-Keurig single-cup brewers all made by one assembling O3-Introduce other manufacturesT3-Product reviews item obligation T4-Coffee accessibility Examination VIA PORTER’S FIVE FORCES MODEL The danger of new entrantsThe bartering intensity of buyersThe haggling intensity of providers The opposition of this kind of item administration as a result of cost overhead would need to originate from a definitely known organization or an organization that gets effective after the patients lapse that GMCR hold. Solid threatOver time as patients lapse purchasers will have haggling power. ThreatGMCR makes them manufacuting for the K-cups and fermenting frameworks which dwells in China. Shortcoming The danger of substitute item and servicesThe force of contention among rivals in an industry The danger of replacement is high. ThreatAlthough there are different organizations that attempt to offer a similar assistance, GMCR is at the highest point of the espresso business for this kind of administration. Quality Technique USED GMCR is utilizing a separation technique by offering an alternate route for the purchaser to appreciate specific espressos, hot cocoa, and other hot drinks in their own homes, work environments, and inns at a general lower cost than cafés. They can do this by starting to lead the pack in the market because of their qualities in item improvement, authorizing concurrences with accomplices, and on-going fruitful acquisitions. GMCR development through their obtaining procedure and their permitting understandings have been the greatest supporters of their development. In 1998 when Keurig propelled its first single-cup brewer for the workplace condition GMCR was there to band together with. (Dess,G, Lumpkin, G. Eisner, A.(2012). Key Management (6e). Boston: McGraw-Hill Irwin.) Starting there on it simply proceeded with whether it be the concurrence with Starbucks in 2011 or the concurrence with Dunkin Donuts in that equivalent year to sell K-cup’s with both Starbucks and Dunkin Donuts espresso they keep on flourishing in the market. On the off chance that we take a gander at Porter’s nonexclusive methodologies that our content discusses we can distinguish the accompanying. †¢Differentiation †The item and administration that GMCR brings to the market is the best an incentive for cost and quality. †¢Focus system The acquisitions and authorizing understandings that GMCR has had the option to concentrate on keeps on permitting accomplishment to the purchaser markets and geographic markets. †¢Overall cost administration †GMCR can keep cost low in light of the measure of item they flexibly to the client absent a lot of rivalry. THE ISSUES AND CHALLENGES FACING THIS COMPANY I think until further notice GMCR will keep on having upper hand. GMCR ought to have the option to achieve this by proceeding to offer their K-cups and blending frameworks at the equivalent serious cost to a similar sort of client. In spite of the fact that licenses are prepared to lapse and a greater amount of the item and administration will have the option to join the market, I feel that GMCR with their past record of new item advancement will keep on endeavoring in the espresso market and lead the path for contenders to follow. Game-plan RECOMMENDED It is by all accounts that due to the achievement of Keurig K-cups that GMCR has tied up their resources in one place absent a lot of spotlight on the remainder of their items. We can see this in both the 2010 and 2011 profit (http://investor.gmcr.com/releasedetail.cfm?ReleaseID=622448). With licenses getting lapsed sooner rather than later by proposal would be that GMCR begins to concentrate on different items that they sell or that they begin to take a shot at the following extraordinary item for the espresso business. My dread is once licenses lapse that you may see a portion of the bigger distributers attempt to come into the Market and conceivable succeed if there ready to deliver a similar item at a lower cost. Sentiment My assessment of the contextual investigation is first I had no clue about that GMCR was such an enormous organization. I don’t drink espresso yet am a tea consumer and I surmise I just didn’t give a lot of consideration to the showcasing and promoting . I’m sure they might want to hear this criticism, it might provide them some insight with respect to where the showcasing needs to go during the following stage. So this organization to me shows the genuine importance of incredible business administration and an effective flexibly chain and center procedure. During the examination I even found a joint endeavor with 3M the organization I work with. It appears that 3M helped GMCR build up an espresso channel. This was a truly pleasant contextual analysis and it told an incredible case of the best way to be fruitful as I would see it. References Dess, G., Lumpkin, G. Eisner, A. (2012). Key Management (6e). Boston: McGraw-Hill Irwin. Green mountain espresso roasters, inc.. (09/1). Recovered from http://investor.gmcr.com/releasedetail.cfm?ReleaseID=622448 Obscure. (2004). Gmcr. Recovered from http://www.gmcr.com/about-GMCR.html

The History of Gillette and Schick Razors

The History of Gillette and Schick Razors Men have been captives to their facial hairâ pretty much since they initially strolled upstanding. Two or three designers have made the way toward cutting it or disposing of it entirelyâ easier throughout the years and their razors and shavers are still broadly utilized today. Gillette Razors Enter the Market Patent No. 775,134 was allowed to King C. Gillette for a â€Å"safety razor† on November 15, 1904. Gillette was conceived in Fond du Lac, Wisconsin in 1855 and turned into a going sales rep to help himself after his family’s home was wrecked in the Chicago Fire of 1871. His work drove him to William Painter, the innovator of the dispensable Crown Cork bottle top. Painter revealed to Gillette that a fruitful development was one that was bought again and again by fulfilled clients. Gillette accepted this guidance to heart. Following quite a while of considering and dismissing various potential innovations, Gillette out of nowhere had a splendid thought while shaving one morning. An altogether new razor flashed in his psyche one with a sheltered, cheap and expendable sharp edge. American men would no longer need to routinely send their razors out for honing. They could hurl out their old edges and reapply new ones. Gillette’s innovation would likewise fit perfectly in the hand, limiting cuts and scratches. It was a flash of brilliance, yet it took an additional six years for Gillette’s thought to come toâ fruition. Specialized specialists disclosed to Gillette that it was difficult to deliver steel that was hard enough, sufficiently meager and cheap enough for the business improvement of a dispensable disposable cutter. That was until MIT graduate William Nickerson consented to take a stab at it in 1901, and after two years, he had succeeded. Creation of the Gillette wellbeing razor and cutting edge started when the Gillette Safety Razor Company began their activities in South Boston. After some time, deals developed consistently. The U.S. government provided Gillette wellbeing razors to the whole military during World War I and more than 3,000,000 razors and 32 million sharp edges were placed into military hands. Before the finish of the war, a whole country was changed over to the Gilletteâ safety razor. During the 1970s, Gillette started supporting universal brandishing eventsâ such as the Gillette Cricket Cup, the FIFA World Cup, and Formula One dashing. Schick Razors It was an innovative U.S. Armed force Lieutenant Colonel named Jacob Schick who originally considered the electric razor that at first bore his name. Colonel Schick licensed the primary such razor on November 1928 in the wake of concluding that a dry shave was the best approach. So the Magazine Repeating Razor Company was conceived. Schick in this manner offered his enthusiasm for the organization to American Chain and Cable, which kept on selling the razor until 1945. In 1935, ACC presented the Schick Injector Razor, a thought where Schick held the patent. The Eversharp Company at last purchased the rights to the razor in 1946. The Magazine Repeating Razor Company would turn into the Schick Safety Razor Company and utilize a similar razor idea to dispatch a comparative item for ladies in 1947. Teflon-covered treated steel cutting edges were later presented in 1963 for a smoother shave. As a major aspect of the plan, Eversharp slid its own name onto the item, now and again related to the Schick logo.

Short Story Cycle Favorites and Recommendations

Short Story Cycle Favorites and Recommendations A short story cycle can go by many names, but whether you call them story sequences, composite novels, or something else entirely, they are one of my favorite literary forms. While there is some seriously hot debate about the official definition of the term (behold the power of literary nerds!), for the purposes of a list of my favorite short story cycles, we’re going to use a pretty simple definition: It is a book of short stories in which the stories are interlinked. The difference between the collection of short stories in a short story cycle and the chapters in a novel is that each of the short stories in a short story cycle can stand on its own, while the same cannot be said of the chapters in a novel. Each piece in a short story cycle has a beginning, a middle, and an end, but when the stories are read within a collection the reader learns about a larger world, gets more depth into the characters, etc. Some of the most popular short story cycles revolve around one particular character, such as Pulitzer-Prize Winning Olive Kitteridge by Elizabeth Strout, but they can actually be organized around a particular geographic area, a type of storytelling, a ground of protagonistsâ€"anything, really. Though this list is hardly exhaustive of all the many, many short story cycles out there worthy of mention, it does include a few of my favorites. Hearts in Atlantis by Stephen King This is as good an introduction as any to short story cycles, in part because the narratives are presented sequentially and the connection is clear early on. Though the five stories take place between 1960 and 1999, they all have their roots in the ‘60s and each involves Vietnam. As is true of much of King’s work, there is some suspense and there are some scares here, but the book is more likely to tug on your heartstrings than send you to check under the bed. The House on Mango Street by Sandra Cisneros Critics, readers young and old, and teachers love this unique short story cycle. Taught to students as young as grade-schoolers, yet still relevant and worth studying at university levels, this series of vignettes tell the story of a young Latina growing up in Chicago. Love Medicine by Louise Erdrich The use of the short story cycle is particularly helpful in this collection by Louise Erdrich. The stories follow the same family year after year as their troubles seem to do nothing but multiply. Only by getting the many different perspectives could a reader truly understand the cause and effect of several lifetimes of challenges. The Things They Carried by Tim O’Brien It’s hard to imagine the collection of stories in The Things They Carried not being powerful in the hands of O’Brien, but when they are divvied up among such a memorable group of characters and each told in watertight narratives, the experience is much more personal than it would be if the stories were more scattered. Annie John by Jamacia Kincaid Originally published as separate chapters in “The New Yorker,” these stories were combined and published under the name Annie John in 1985. The stories together detail a girl growing up on a Caribbean Island, Antigua, and though diverse subjects are coveredâ€"including lesbianism, racism, and povertyâ€"each story shares the narrator: Annie John. How the Garcia Girls Lost Their Accents by Julia Alvarez The story of one family is told through alternating chapters written from the point of view of four Garcia sisters. The interesting choice to tell this story in reverse chronological order, starting in adulthood and moving backward toward childhood, gives the reader the opportunity to ground themselves initially in the sister’s lives in the United States, and then takes them back to the days of their time on the island and their serious love for it. The Last of the Menu Girls by Denise Chávez Each story in The Last of the Menu Girls focuses on Rocio Esquibel, a girl when the stories begin who grows into a woman throughout the stories. This tale of small town New Mexico showcases a wide range of unique and beautifully depicted people, but it is most beloved for the poetry of the language. Lives of Girls and Women by Alice Munro Sometimes considered to be Munro’s only novel, the truth is that Lives of Girls and Women is in fact a series of related short stories. Seven episode all revolve around Del as she describes coming of age, her thoughts on death, friendship, sex, and much more. Set in chronological order, the collection uses a different style for its short epilogue. This is not only a great choice for someone who wants to gain entry into the short story cycle, but for those who want a painfully realistic story of the pains of adolescence. Olinger Stories by John Updike Updike once said that of all the dozens and dozens of novels, books of essays, poetry, etc. he wrote, if he had to give someone one book of his, he would choose Olinger Stories. Originally published as individual stories in “The New Yorker,” they have been brought together into 11 semi-autobiographical tales. Following a character from the age of ten through his adulthood in a small Pennsylvania town, there is more than a little drawn from, as Updike calls it, his “autobiographical well.” Lost in the City by Edward P. Jones In the book that came before his Pulitzer-Prize Winning The Known World, Edward P. Jones brought together this collection of connected short stories that revolve around working class African Americans in 20th Century Washington, D.C. Often compared to Joyce’s Dubliners, many stories in this collection have common themes but there is one thing that binds them all: The city in which the action happens. In Other Rooms, Other Wonders by Daniyal Mueenuddin A set of characters are followed throughout these short stories and each story is connected by the fate of a particular landowner. The stories take the reader through cities and villages throughout Pakistan. Mueenduddin takes on the issues of culture, power, class, and examines his characters through these lenses. Sometimes funny, sometimes tragic, this is a volume of ambitious work that hits its mark. In the Country by Mia Alvar Alvar manages to create nine incredible stories, each showcasing a different aspect of what she refers to as the Filipino diaspora. From exile to emigrant, from families of wanderers moving to the Middle East, to those settling in the United States, there is a story here to appeal to just about anyone. A great choice for anyone searching for meaning in the place they call home. The Red Garden by Alice Hoffman Spend some time in Blackwell, Massachusetts, and discover the breathtaking changes this small town goes through in the 300+ years Hoffman’s stories cover. Where one story leaves off, another picks up, and Hoffman does an exceptional job intertwining the characters’ lives in a way that shows the reader how our actions affect the fates of ourselves and others. Each story involves the mysterious garden where nothing but red plants can grow, and where the truth always seems to be found. Blueprints for Building Better Girls by Elissa Schappell I read Schappell’s brilliant Blueprints for Building Better Girls years ago and the moment I finished all I could do was wish that I was independently wealthy and could afford to buy 1,000 copies of it and just hand them out to random passersby on the streets. The short stories in this collection all center around women and the relationship we have with each, whether lovers, spouse, children, or parents. There was a particular eight-page section of this short story cycle that I was forced to read out of the corner of my eye because I simply couldn’t take it straight on. This book will break your heart in the best way. This is certainly not mean to be an all-inclusive list of the best short story cycles in the world but rather my favorites. Which ones did I miss? Which do you recommend to readers?

Sonnet Lx - Analysis - 1096 Words

Sonnet LX – William Shakespeare Poetry Appreciation ‘Sonnet LX’ was written by William Shakespeare. It is a poem which focuses around the inexorable passage of time and how time affects human life in its different stages. Throughout the poem, we find the arguments within the three quatrains are linked. The poem is made of a Shakespearean sonnet; this is because it has 14 lines, iambic pentameter and has a rhyme scheme of abab, cdcd, efef, gg. It is a block poem but the rhyme scheme marks the three quatrains and final rhyming couplet. The title was chosen by Shakespeare due to the fact that in an hour there are 60 minutes and in a minute there are 60 seconds, and since the poem is†¦show more content†¦Overconfidence and ambitions we often have in youth might be subdued as we come face to face with time and its realities. We all end up the same way and nothing remains. The popular image of Time and Death as a figure holding a scythe and an hourglass appears now in the poem as the poet says that nothing within the human life can withstand this onslaught. This evokes the idea that we live on borrowed time and that time gives us the gift of life that will be collected at the end of the day. The volta before the final rhyming couplet is almost like a turning point in the argument, maybe even an answer to the dilemma. Shakespeare asserts his belief that his poetry will withstand the passage of time as he says â€Å"And yet to times in hope my verse shall stand,† He hopes that his poetry will love on forever, immortalising his friend to whom he is writing this poem to. The poet says that his poetry will go on to praise his friend’s youth and beauty, despite the ravages of time. Thus these lines will remain immortal and will enable the young man’s beauty to live forever. This quest for immortality may be seen as a parallel to the satisfaction parent’s desire from seeing children or grandchildren grow, delivering satisfaction from this despite the fact they are succum bing to Time themselves. I enjoyed reading this poem due to the fact I feel it brings outShow MoreRelatedCrossing the Chasm76808 Words   |  308 Pagesconsulting organization. In addition to maintaining its communications disciplines, it must also provide experienced counsel and leadership in making Foreword xiii fundamental marketing decisions. Market entry, market segmentation, competitive analysis, positioning, distribution, pricing—all these are issues with which a successful marketing effort must come to grips. And so we again remade ourselves, adding to market relations a second practice-high-tech marketing consulting. Today, our practices

M. Butterfly Gender Roles And Power Essay - 1237 Words

The play M Butterfly highlights gender roles and power in a subtler way than in the film, M. Butterfly. The movie changes the timeline and thus the role of â€Å"Butterfly† has more depth because we see more of her interacting with Gallimard. Gallimard and Song undergo a role reversal navigating through the realities and fantasies of each other that are never part of the same one. Gallimard assumes the cultural stereotypes of this inferior culture and expects Song to fulfill this role while still also being devoted to him. The last scene of this play and movie changed the overall feeling of the two main characters and their other identities. The film and play address the intentions behind Song’s mission differently, in the book Song seems more calculating and comes across as teasing Gallimard and less desperate than in the film. The confrontation between Song and Gallimard adds to the final breakdown of reality versus fantasy. Towards the end of play, Gallimard stands before the court and sees Song for the first time as a man. Song gives unheard testimony while Gallimard talks to the audience as he observes the man that was once his â€Å"butterfly.† Gallimard no longer sees the woman he fell in love with in the testimony box. The glass has shattered on this fantasy he had of her. â€Å"You’re only in my mind! All this is in my mind! I order you! To stop!† (Hwang 87) Gallimard’s ideal woman always was partially based off of cultural and gender stereotypes. Gallimard assumedShow MoreRelatedOrientalism in M. Butterfly1278 Words   |  6 Pagesexpressed by a portion of the male population. This stereotype is a part of orientalism that continues to be discussed amongst today’s society; it is deemed odd or labeled as a fetish. M. Butterfly a Tony Award playwright written by David Henry Hwang consists of ideas related to orientalism through the layers developed in gende r identity, global politics and art forms. The play begins in the present 1988 with Rene Gallimard sitting in a Paris prison. Gallimard declares himself as a celebrity, and relishesRead MoreThe Oriental And Gender Stereotype1230 Words   |  5 Pagesindy Coronado March 2, 15 HILD 7B A10923676 TA: Josh Newton 1:00-1:50 The Oriental and Gender Stereotype M.Butterfly, an opera by David Huang, is recognized as a reexamination of John Luther Long’s Madame Butterfly. During the beginning of the 20th century, Asian and Asian Americans were often perceived to a collective stereotype. Well-defined differences between the American Westerner and the Oriental are undermined in both of these readings as â€Å"the west† is seen as the more masculine region andRead MoreStereotypes in M. Butterfly Essay1558 Words   |  7 PagesThe issue of cultural stereotypes and misconceptions thematically runs throughout David Henry Hwang’s play M. Butterfly. 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David Henry Hwang explores the different stereotypesRead MoreAnalysis Of David Henry Hwangs M Butterfly1243 Words   |  5 PagesIn David Henry Hwang’s M. Butterfly exemplifies three keywords that have such a greater meaning: race, gender, and orientalism. â€Å"Race is a social construction†¦Ã¢â‚¬  (Hwang) Junaid Rana starts her definition of race by stating it is a social construction, which in itself is mind boggling, because it is true. Race was not an issue when it came down to deciding Ozawa V. United States in 1922 or Thind V. United States in 1923. Rana then goes on to say â€Å"...In which biology and culture are often conflatedRead MoreAnalysis Of Orientalism In Rice Or Song Of Orientalism1000 Words   |  4 PagesWestern style for dominating, reconstructing, and having authority over the Orient† (Said, 3). An Orient does not choose to be oriental, someone else defines and reinforces the stereotypes that come with being oriental. Notes from a Divided Country, M. Butterfly, and The Vagrants all have traces of orientalism and through these three pieces of literature, they expand on the idea of how the label of â€Å"oriental† can be fought or conformed to. In the poem â€Å"RICE or Song of Orientalamentations† in Notes fromRead MoreRacism, Sexism, and Sexuality in M. Butterfly1149 Words   |  5 Pagesseveral points that have already been previously stated. The stereotypes mentioned in M. Butterfly are direct representations of the stereotypes mentioned in the theory. Though M. Butterfly is a major piece that has been directly known for its examples, other shows are known for such examples as well. â€Å"The highly profitable reincarnation of different version of the Butterfly story, from David Belasco’s Madame Butterfly to Alain Boublil and Claude-Michel Schonberg’s Miss Saigon (1989), might well embodyRead MoreWomen s Death And The King s Horseman And M. Butterfly1393 Words   |  6 PagesKing’s Horseman and M. Butterfly How are women represented and portrayed in theatrical plays? In most plays, men and women are frequently assigned stereotyped roles that make women assume passive and meek roles. Every so often, men are given the privileged to take on the role of a strong and powerful character, whereas the women took submissive roles typical of the weaker sex concept. In this essay, the role of women in the plays, Death and the Kings Horseman and M. Butterfly will be taken intoRead More Gender in Mother Courage and Her Children and M. Butterfly Essay1804 Words   |  8 PagesComparing Gender in Mother Courage and Her Children and M. Butterfly    The term gender is commonly used to refer to the psychological, cultural, and social characteristics that distinguish the sexes (Cook 1). From the idea of gender such notions as gender bias and stereotyping have developed. Stereotypes have lead society to believe that a male or female should appear, act, or in more philosophical terms, be a certain way. What these gender stereotypes are and, whether or not they reallyRead MoreThe Great Gatsby By F. Scott Fitzgerald Essay1653 Words   |  7 Pageshappiness. Other characters that have faced this choice are French diplomat Rene Gallimard and opera singer Song Liling from David Henry Hwang’s M. Butterfly. Based loosely on true events, the play chronicles Gallimard’s doomed love story with Song, who is actually a male spy for Communist China. For twenty years, Gallimard claims he did not know of Song’s gender, yet Hwang’s covert implications support the idea both Gallimard and Song were homosexuals who h ad to hide their preferences in order to survive

Human Trafficking An Epidemic - 2920 Words

Police Struggle to Stop Human Trafficking Ever since human trafficking has become an epidemic, police have been struggling to stop it. Human trafficking is the recruitment, transportation, transfer, harboring or receipt that profits from enslaving people for sexual servitude and forced labor (35). Traffickers are members of highly sophisticated networks of organized crime. Human trafficking occurs all around the world today leaving no discrimination towards anyone. Not everyone is aware of it being an issue in the United States, as opposed to many foreign countries. In the United States alone, traffickers earn up to 9.5 billion dollars yearly. Not only does human trafficking includes sex and labor, but also smuggling, which makes it the†¦show more content†¦Ã¢â‚¬Å"Human trafficking affects everyone because it is a form of slavery. Slavery has been outlawed for many years and trafficking affects our children s future (Kinsley). Victims of human trafficking are women, girls, and boys, in which 80% of the victims are female. Increasingly, pregnant women are being used for their newborn babies. These babies are then sold on the black market, where the profit may be divided in between the traffickers, lawyers, doctors, border officials, and/ or anyone else involved. Traffickers often recruit children not only because of their adolescence and the likelihood of them being more vulnerable than adults, but there is also a high market for younger victims. A trafficker can make a lot of money off selling children ranging from $150,000 to $200, 000 per child. According to the United Nations Children Fund, over the past 30 years, over 30 million children have been sexually exploited through this crime. Traffickers target victims on the telephone, internet, through friends, at the mall, and in after-school programs (Facts). On the other hand, some recruit their victims by a promise of a good job in another country, abducting their victims and even being sold into t he sex trade by their own parents, husbands, or boyfriends. Such as in Leticia s case where Aurelio told her he can get her a job in the United States as a servant to a rich family, but convinced

Competition and Entrepreneurship Theory - Process - and Practice

Question: Discuss about the Competition and Entrepreneurship for Theory, Process, and Practice. Answer: Introduction Entrepreneurship refers to the set of skills by which entrepreneurs design, launch and run a new business. Such kind of business usually initiates as a start-up organisation that offer a particular product or a company. Entrepreneurship involves a number of skills in order to establish the business. The present report is based on the principles of entrepreneurship as applied to opening a fast food restaurant chain in Dubai. The report outlines the market summary for the venture, the strategies and implementation summary of the business, financial plan and management summary. The discussion concludes logically by summarising the key points from the report. Fast food restaurant chains have a prosperous opportunity to expand its business in Dubai, giving entrepreneurs the open their start-up businesses. Fast food is expected to witness sales soar in the upcoming years. Entrepreneurs must appeal to the fast changing food choices of the population of Dubai as well as the tourists visiting the place. This would lead to an appeal to the consumers coming from the most income groups in the country (Begum, 2015). The fast food restaurant sector is about to get a dynamic growth in the upcoming years as reported by Smith (2016). As per the author, fast foods when sold at inexpensive rates appeal to all individuals who have a tight budget. Moreover, the population of UAE is keen on taking up a healthy diet while consuming fast food. Entrepreneurs, therefore, have the need of focusing on using organic ingredients in order to reach out to the target consumers. The number of tourists visiting the country is in millions. This implies that fast food ch ains get benefits to a great extent from the customer influx. These tourists are familiar with the fast food options available in Dubai due to the marketing campaigns on a global level. As a result of these global marketing strategies, the fast food options available in the country have succeeded in reaching out to the larger section of the population. As per the expectations of the population, the fast food industry needs to evolve itself and expand to cater the rising needs of the people (Al Qaydi, 2016). Strategy and implementation summary of the start-up business In order to start-up business, there is a requirement of suitable entrepreneurial skills. The prime skills that are required for starting up a business are leadership skills. The businesses that are successful need strong leaders who can attain the goals of the business. Entrepreneurs who have good leadership skills can motivate the team to meet the objectives of the company and bring profits. Strategic business planning skills are the second most important skills that one must possess for starting up a business. Developing a strong business plan and undertaking a robust strategic auditing are the key aspects in this field. Application of strategy in the business helps in attaining progress (Kuratko, 2016). Marketing skills are the next kind of skills warranted for successful entrepreneurship as marketing is at the core of any business. Marketing has been said to be a key skill to understand the requirement of the consumers and catering them. Proper marketing produces more profits an d generates more revenues. Skills regarding sales help in building customer relationships. Communication skills are vital in entrepreneurship as communicating effectively is the needs of all businesses. Communication with the concerned stakeholders makes the base of the business more strong and impactful. Appropriate use of verbal and nonverbal cues, in the correct context, help in establishing the proper connection with people (Drucker, 2014). Kirzner (2015) suggest that one must have the ability to raise and manage money. An entrepreneur may suffer setbacks and failures; one must, therefore, have the ability to relieve stress and remain positive. Kuratko (2016) opines that entrepreneurs care faced with challenges in the ultra-competitive world that need to be solved with the available resources in the contemporary times. The most important challenges that crop up in the way of a successful entrepreneurship career are cash flow management, hiring of employees, time management, a delegation of tasks, marketing strategy, business growth, capital, strapped budget and self-doubt. Issues regarding cash flow crop up when there is a delayed invoicing. Adequate budgeting together with planning can help in maintaining cash flow. The key to hire suitable employees is to be exclusive and recruit employees by real references. Time management is a key issue faced by most of the entrepreneurs who must create goal list with specific allotted times for each task in order to maintain a suitable balance between time and task. Delegating tasks is another key concern as individuals find it difficult to assign the appropriate task at the appropria te place. Good employees would help in outsourcing the tasks and specifying the tasks that are to be carried out. One needs to be ultra-specific about what is to be done. One must be adept at making effective marketing plans and planning the budget accordingly. Arranging for capital is a concern that can be solved by multiple methods. The best means is, however, the self-fueled growth model that enables one to fund own business ventures. Prioritising the marketing efforts is critical for combating a strapped budget. There is a need to focus on the continuous creation of new processes focusing on delegation of tasks. Having a strong support system helps in building self-confidence and eliminates self-doubt. Financial plan A number of factors are to be considered while starting a restaurant in Dubai, such as demographics, location, and finances. The unique factors direct the marketing plan, thereby forming the basis of the financial projections. 3,000,000 AED would be the start up fund required to establish the fast food restaurant. The start-up expenses to fund would be 250,000 AED while the start-up assets to fund would be 200,000 AED. Non-cash assets from start-up would be 110000 AED and the cash requirements from the start up would be 20000 AED. Management summary Irrespective of the purpose and background of setting up a business, operating successfully within any entity is not possible without careful management. Entrepreneurs face difficult times in managing the business within the boundaries a typical business has. Entrepreneurship management implies the practice of applying knowledge of entrepreneurship for increasing the effectiveness on the business venture. The risks involved in business are an economic risk, people risk, market risk, strategic risk, technical risk, and personal risk. When left unmanaged, these risks minimise the profitability of the business. All these concerns are to be solved while running a business effectively. There is a need to have knowledge of all aspects of the business, including tax laws, employment laws, labour market, and market trends (Zucchella Magnani, 2016). Uncertainty is to be embraced and accepted. The basic principles of risk management are to be abided by. Pursuing opportunities when others do n ot is the key to walk in a new direction. A lack of suitable resources must not limit the vision to run the business without any hindrance. One must perceive working with others as a good training ground (Manso, 2016). Conclusion From the above analysis, it can be concluded that entrepreneurship requires a set of key skills in order to manage the business. The market of setting up a fast food restaurant chain in Dubai is promising. A suitable mix of leadership and management skills would lead to the success of the start-up business. Challenges faced by entrepreneurs are to be overcome to achieve new heights and fulfill the objectives of the business. References Al Qaydi, S. (2016). The Status and Prospects for Agriculture in the United Arab Emirates (UAE) and their Potential to Contribute to Food Security.Journal of Basic and Applied Sciences,12, 155-163. Begum, V. (2015). UAE Consumer Rejoinder Towards Mc Donald's Sales Promotional Strategy in Dubai.Procedia-Social and Behavioral Sciences,211, 61-68. Drucker, P. (2014).Innovation and entrepreneurship. Routledge. Kirzner, I. M. (2015).Competition and entrepreneurship. University of Chicago press. Kuratko, D. F. (2016).Entrepreneurship: Theory, process, and practice. Cengage Learning. Manso, G. (2016). Experimentation and the Returns to Entrepreneurship.Review of Financial Studies, hhw019. Smith, A. F. (2016).Fast Food: The Good, the Bad and the Hungry. Reaktion Books. Zucchella, A., Magnani, G. (2016).International entrepreneurship: theoretical foundations and practices. Springer.