Satisfying All Stakeholders Is Difficult When the Business Is Competing in Mature Product Markets Essay Example for Free

Satisfying All Stakeholders Is Difficult When the Business Is Competing in Mature Product Markets Essay A stakeholder is defined as an independent party with an interest or concern in something. Stakeholder groups are not all alike and therefore will want different things from a business. As each stakeholder deals with the business in different ways these needs are likely to conflict. With all of these differing needs it will be difficult for the business to satisfy all stakeholders at the same time as it is likely that acting to satisfy one stakeholders needs will end up conflicting with anothers meaning that the second stakeholder will not be satisfied. Examples of stakeholders include the shareholders, employees, suppliers and customers of a business. The Product Life Cycle is a theory used by management to understand where one of its products is in terms of its eventual life expectancy. It involves identifying if the product is in one of four phases: the introduction, growth, mature or decline stage. By identifying which stage of the cycle a product is in management can change its strategies to realise the potential success of a product. It is however, often difficult for management to see where the product is in the cycle as a rise or fall in sales most of the time will not necessarily mean that a product is growing or beginning to decline. It is also very hard, if not impossible, to accurately predict when the product will go into the next part of its life cycle. A business will find it very hard to tell when a market will reach saturation and will only know it while it is happening or in, some cases, after it has happened. While using the product life cycle model it is assumed that all products have a limit to how long they will be used, in practise this may not be the case. The mature stage of the product life cycle is when a product market has finished growing, sales start to slow down and there is no more significant growth. At some point the market will reach saturation at which point the product enters the decline stage. Sales will start to decline slowly and eventually product will become obsolete and not sold anymore. When a product market reaches the mature stage it will usually mean various things. As the mature stage of a product is when there are the most sales it usually means that the costs of producing each product are at the lowest as a result of economies of scale. This means that there is potentially more profit to be made per product if the price stays the same. However, often this is not the case as when a market reaches maturity more competitors emerge. As a result of this a business is likely to decrease the price of its product, eating into the profit margin per product sold, so that customers are more likely to buy its product. By selling more products the business will gain a healthy market share. Market share is what is mostly sought after by a business in a mature market. With little growth to expand into in the market a business must aim to gain the biggest slice of the market as possible to increase profit. The stakeholder that is likely to be one of the most important to a business is the owner or shareholders. They have a say in how the business is run and if they do not feel that the business is doing well will remove their investment and the business will lose finance. Shareholders will want two main things: increase in the size of the business and a good dividend. Therefore it is of great importance that the business keeps the shareholders happy. To do this the business must at the very least turn a profit. This will make the investing shareholder see that their investment is being put to some use. However if the business really wants to make the shareholder feel satisfied it must make a large profit. In a mature market this means that it must have a large share of the market. To do this it must differentiate its product to make its product more attractive to buy than a competitors model. The customer must have an incentive to buy this product over another one such as a lower price or differentiate the product in other ways such as highlighting the products supposed better quality or more impressive features. Differentiating the product can, however, have an effect on the profit taken per sale. Obviously by lowering the price of a product there will be less profit margin as the cost to the business of producing the item will remain the same. Also if the business decides to increase the quality or add extra features the cost of manufacturing the product will increase. While these may eat into the profit margin per product, if the business has marketed correctly and increased market share in the mature market by increasing sales the overall profit of the business may have increased. Management would hope that this would be the case given that this was the whole aim of the product differentiation in the first place. However by actually achieving an increase in the size of the business the shareholder would be satisfied with their investment. Added to this a good dividend could be given out because of the increased profits and the shareholders should be pleased. However another stakeholder that the business will want to satisfy is the customer. As the customer is the way the business will make a profit, by selling to them, it is very important that the business satisfies the needs of the customer and make them want to buy its products. The customer will want a good quality product at a preferably low price at which he feels that he is getting good value for money. In a mature market generally a consumer will get the best value for money with all of the competing businesses producing a large amount of alternative products and vying for market share. As such in a mature market a customer is likely to be most happy. The customer has conflicting needs with the shareholder in that the customer wants a low price whereas the shareholder wants a high profit. As these needs conflict a median must be found where both stakeholders feel that they are getting a good deal. While it may be tempting to favour one group, it is in the interest of the business to find a point where both sides feel happy because if one side feels unhappy the business will either lose the support and investment of the stakeholders or the custom and income from the customer and this will lead to a loss in market share. This is the same as all of the stakeholders. As all of the stakeholders will want different things from the business and some of them will completely contradict each other it must deal with them as best they can and try to find a solution where all stakeholders are satisfied. Keeping all stakeholders satisfied is critical to keeping the business going strongly and losing the faith of one of them could lead to dire consequences and none of the stakeholders being satisfied. For example if, in a bid to cut the cost to the business of producing the product so the shareholders could be given a bigger dividend out of a larger gross profit, the business told the supplier of raw materials that make the product that it must cut its price the supplier would not be happy. This could lead to the supplier refusing to sell the raw materials to the business and this would mean that until an agreement was made or a substitute supplier could be found the business could not produce anything to sell. This would lead to the customer not being able to buy the product that it desires and going to a competitor and the business losing potential profit which would upset the shareholders. In some situations the same groups of stakeholders may not ven have the same sets of ideas of what they want from a business making it even harder for the business to keep everyone satisfied. For example, in the group of shareholders a young businessman who has shares in a company is likely to prefer the profit made to be invested back into the business to expand and increase potential future earnings and increase the share price as opposed to a large dividend as he has less need for the money now and has long term plans for the shares. However an older retired man is more likely to prefer a large dividend to be taken out of the profit so that he can have the money now. In conclusion, it is difficult for a business to satisfy all stakeholders at any time regardless of what stage of its cycle the product is in. The demands of a each stakeholders are different and likely to contradict each other. However, in a mature market where there is fierce competition there is tension between the arguably the business two biggest stakeholder: the shareholders and customers. While the customers want a quality, low priced product, shareholders require a good profit be made. The business must satisfy the customer to compete in the market but also the shareholders to have the backing it needs to carry on functioning. Sometimes even groups of shareholders are fragmented which makes it even harder but it is critical for the business to find a point where all shareholders are content as this is when the business runs the smoothest.

Communism Essay -- Communism Essays

Communism is the belief that everyone in a society should be equal and share their wealth. It is an outgrowth of socialism and Anabaptism (Laski 45). It became a firmly rooted term after the Russian Revolution of 1917. According to the words of Karl Marx, "From each according to his ability, to each according to his needs" 1. These theories were spread by Karl Marx. He believed that what a person made of himself reflected his effort (McLellan 1). He also believed that communism, or the state of equality was ones "final stage in life" (Leone 1). Communism basically started in 1847, with the formation of the London Communist League. This was an international association of worker, whose sole purpose was to write a "theoretical and practical program which would serve as the basis for uniting the working classes of Europe" (Leone 1). The London Communist League asked Marx for help in drafting a document to represent their standings. He composed the "Communist Manifesto" or "The Manifesto of the Communist Party" (Leone 1). The Russian Revolution helped foster communism. The Russian Revolution started with the with the assassination of Rasputin. In March of 1917, the Duma declares a prvisional government, including czars. During this period, there were also massive strikes by the workers. It was furthered by the abdication of Czar Nicholas. The Russian Revolution itself occured throughout 1917, with the start of the March Revolution. In April of 1917, Lenin return from exil in Switerland and denounced the established provisional government. The next general step was the gaining of the seats in the Petograd Soviet Parliment by the Bolsheviks. The Bolsheviks picked Lenin to then head the government, just several days after the November Revolution. During this revolution the peasants storm the palace, taking total control of the government. At this point, the power was given to Lenin. Almost immediatly he issued the New Economic Plan, which instituted the one party system or communism. They basicaly supported the basic communist theories of Karl Marx, as interpreted by Lenin. He installed many of his beliefs and helped reorganize the people, and essentially emmancipatte the working class. He also is credited with the creation of the S... .... The economic state of China made it much more profitable for a peasant to work for the warlord that form the land (Shanor 95). Because of the poor conditions, small Communist groups began to form in China's cities. At first, they were allies with Sun Yat-Sen and his Nationalists. But the good feelings between the two parties deteriorated quickly after Chiang Kai-Shek, Sun's successor, ordered the Shanghai Massacre of the Communists. Chiang spent the following years alternating between negotiating with and fighting against the Communists. The situation became so drastic that the Communists eventually fled during the Long March of 1934-35 (Shanor 95). The United States, who was very Anti-Communist after WWII, supported Chiang Kai-Shek. Over a period of four years, the US gave $2.5 billion to support the Nationalist cause. Despite their efforts, the Communists eventually overthrew the Nationalist government, forcing Chiang and followers to flee to Taiwan. On October 1, 1949, Mao Zedong, the leader of the Communists, proclaimed the country as the People's Republic of China (Shanor 96). 1 Industrial Workers of the World www.iww.org

The Speaker’s Importance in Poetry

The speaker can be the most important aspect of a poem. The speaker allows for a more active voice in the poem, and can often serve as a mouthpiece to communicate the ideas of the poet to an audience. Much like an actor, the speaker can tell or act out a first-hand account of what occurs. The speaker is also a voice that can provide another perspective. With evidence from â€Å"Dulce et Decorum Est,† â€Å"A Man Who Had Fallen Among Thieves,† and â€Å"The Man He Killed,† this essay will highlight the similarities and differences of a speaker to help establish the definition of a speaker.It will be shown how speakers serve a variety of roles in poetry, and can help readers gain a better understanding of universal issues. The speaker in â€Å"A Man Who Had Fallen Among Thieves,† takes on the role as a Good Samaritan for a man in need of help and abandoned by others. The speaker acknowledges society’s unjust acts against a man who â€Å"lay by the ro adside on his back dressed in fifteenthrate ideas† (16). The speaker tells of citizens who â€Å"graze at pause then fired by hypercivic zeal sought newer pastures,† and left the weak man to go elsewhere (17).The speaker, the Good Samaritan, rescues the punished man while the other citizens deny assisting the helpless man. While the poem illustrates themes like the importance of doing the right thing despite one’s own desires, the speaker serves as a voice to reiterate the point the poet wants to communicate to the audience. Because of the speaker, this poem offers a more of a realistic point of view and a different perspective from the citizens and the helpless man.Using powerful and graphic diction in such lines like â€Å"of pinkest vomit out of eyes,† to describe emotions throughout the poem, the speaker helps to stir up emotions within the reader by offering a vivid first-hand account of the situation (17). Like the speaker in â€Å"A Man Who Had Fal len Among Thieves,† the speaker in † The Man He Killed,† uses vivid imagery to illustrate his feelings, helps to communicate the writer’s ideas to an audience, and offers a first-hand account of what is occurring in the poem. The speaker talks about his own confusion.He is confused because he cannot understand why the person he has killed is dead. In his state of confusion, the speaker tells of the intimacy between himself and the person he has killed when he mentions the phrases â€Å"staring face to face† (34). In addition, the speaker tells of the hostility between the two men, for they are both firing guns at each other. The speaker says â€Å"I shot at him as he at me†(34). The speaker knows that he would’ve been killed otherwise, and he goes on to say â€Å"and I killed him in his place. I shot him dead because-because he was my foe†(34).Here, the speaker shows a conflict between his feelings and actions and he is questionin g it. Later in the poem, the speaker says † Just so: my foe of course he was; that's clear enough; although,† which shows that he understands that he had to kill his enemy because of the tradition of war (34). He begins to think about what he did when he says † he thought he'd list, perhaps offhand-like-just as I- was out of work†(34). Here, the speaker offers additional insight into reasons why men enlist to fight in war. In this case, the speaker suggests that the man he kills was unemployed just like the speaker was.The reader gets to take another peak at the speaker’s inner turmoil as he mentions â€Å"You shoot a fellow down You'd treat if met where any bar is,† thus concluding that one kills another in war despite the possibility of knowing the person in the past or future (34). All in all, it is as if the reader gets a front row seat to experience the inner chaos the speaker suffers as he tries to fully grasp the concept and tradition of war. The speaker provides a realistic and familiar voice that could be any person during any war era.As a result, the speaker helps bring to life the atrocities of war to readers who may have never experienced it. The speaker in â€Å"Dulce et Decorum Est,† describes a gruesome war scene involving enemies using gas to kill victims. Here, the speaker watches someone die because he didn't wear a gas mask. The speaker offers readers first-hand vivid descriptions of the young men that have become filthy, weary, and helpless when he describes the men as â€Å"bent double, like old beggars under sacks, knock-kneed, coughing like hags, we cursed though sludge†(27).The speaker paints a picture with his words to illustrate what is happening. In one scene, the speaker shows the men heading towards lodging when he says â€Å"and toward our distant rest began to trudge† then in an instant, gas-shells are dropping and the men must put on their helmets (27). One of the men di d not put on his helmet. Through the poet, the speaker uses vivid imagery to describe the man’s death when he says â€Å"as under a green sea, I saw him drowning†(27).The speaker tells an audience â€Å"my friend, you would not tell with such high zest to children ardent for some desperate glory,† meaning that he would not suggest children go to war to become heroes, or die honorably for one’s country, because it is not â€Å"sweet† or â€Å"fitting† to suffocate in gas (27). Obviously he disagrees with the old saying â€Å"Dulce ed decorum est Pro patria mori,† because the speaker refers to dying honorably in war as the â€Å"the Old Lie (27). Like the speakers in the previous poems mentioned, the speaker of â€Å"Dulce et Decorum Est,† illustrates a moving picture in order to help an audience understand the atrocities of war.Here, the speaker once again serves as a familiar mouthpiece that awakens emotions within the reader. Through the speaker, the writer tells this horrible memory because he is informing future generations not to fight in wars for a false feeling of accomplishment because being killed in war can be in no way heroic, but gruesome. The speakers all have certain aspects in common. One thing they all have in common is reacting under social pressure. In â€Å"A Man Who Had Fallen Among Thieves,† and â€Å"Dulce et Decorum Est,† the speakers both rebel against the social pressure and struggle with society’s often inhumane teachings.In other words, the speakers question universal issues like whether or not to follow the prevailing social code. In â€Å"The Man He Killed,† the speaker struggles with the social pressure to kill, and while he questions what he did, he doesn't try to stop the war. Another similarity is the speakers are all first-hand participants in the action of the poems. For â€Å"A Man Who Had Fallen Among Thieves,† the Good Samaritan spea ker sees the citizens ignoring the man who had been robbed and opts to rescue the helpless man.In â€Å"The Man He Killed,† the speaker is â€Å"face to face† with another human being and kills him simply because their countries are at war (34). In â€Å"Dulce et Decorum Est,† the speaker informs future generations and the reader that war is not always heroic and valuable, but it can be cruel, and immoral. In addition to reacting under social pressure, another similarity of the three poems is all the speakers sense the injustices committed, and they all wish they could relive the situations and possibly change the outcomes.For instance, in â€Å"The Man He Killed,† the speaker accepts social pressure as a way of life, and he does this to escape the guilt he is feeling and by taking what some may feel is the easy way out. In â€Å"Dulce et Decorum Est,† and â€Å"A Man Who Has Fallen Among Thieves,† both speakers challenge the crowds to ackno wledge injustice and go against social pressures. The speakers throughout these three poems also convey differences. The main difference is how they respond to social pressure. In â€Å"A Man Who Had Fallen Among Thieves,† and in â€Å"Dulce et Decorum Est,† both speakers rebel loudly against the social code.In other words they are more opinionated, and while they aren't scared of social pressure, both speakers are aware of the often, brutal social code. In â€Å"The Man He Killed,† the speaker succumbs and accepts the ways of society. While he does question his error, he doesn't do anything rebellious like the other speakers. To conclude, the speaker is crucial in getting the point of the poem across. Although the speaker is often anonymous, the poet uses an insightful, familiar speaker as a tool to impart different points of view, wisdom, or whatever the writer is seeking to tell an audience.The speaker often offers a first-hand experience in order to help evo ke feelings within a reader. The speaker is also important because while he or she is not factual, nor omnipresent, the speaker offers a different perspective and helps readers get a better idea of why war is not â€Å"sweet and fitting,† or why it is better to do what is morally just for instance (27). The poet uses the speaker to created irony and tension in the poem. Overall, the speaker is valuable to both the poet and an audience in order to achieve a better understanding of an occurrence, universal issues or any ideas the poet seeks to illustrate to an audience.

Genocide Inhumanity in Our World Essay - 1708 Words

Genocide is one of the most evil moral crimes any ruling authority such as a government can commit against its people. A general definition of ‘Genocide’ is the intention to destroy or murder people because of their race, beliefs, or even political and economic status. Legal expert, Raphael Lemkin, created the term ‘Genocide’ 1944. Lemkin, a Polish Attorney, combined the ancient Greek word ‘genos’ which means race and the Latin word ‘cide’ which translates to killing. There are many examples of genocide in the world but the most recognizable is that of the Holocaust and how the German powers that be sought and attempted to kill all Jews. A recent example is the Rawandan Genocide in 1994 where the assassination of Juvà ©nal Habyarimana†¦show more content†¦Genocide is compiled of three basic fundamentals: acts, intent, and target group. It is the act of destroying an existing group by killing or causing grave conditions. It also signifies the intent to destroy the group’s existence and even going as far as preventing reproduction and the aggressive removal of children within that group. It is such an inhumane act of violence – to have the intention to destroy or murder people because of their race, beliefs, or even political and economic status. A majority of genocides occur in a war type environment. It is not measured on the amount of people who are killed. Its intent serves more of a consequence or punishment to the victims for their beliefs. The meaning of genocide is sometimes criticized for its lack to include political and social groups; since these are also from time to time the targets of severe political violence. In 1944 the creation of the word genocide is credited to a Polish lawyer named Raphael Lemkin. He created the term genocide as a response to the Holocaust and the viciousness of World War II. He combined the Greek word genos which means race and the Latin word cide which translates to killing. Lemkin defined genocide as a plan to demolish a group of people and strategizing to eliminate key fundamentals of the group’s existence including but not limited to race, culture, traditions and religion. Lemkin’s thoughts in creating the concept of genocide were to make people aware globalShow MoreRelatedThe Perils Of Indifference By Elie Wiesel1093 Words   |  5 Pagesprisoners from the injustice of the Holocaust. 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