Mom and Pop Shops free essay sample

Professor James Meeze January 19, 2013 Based on my research paper and reading the information, I am going to choose how Wal-Mart is taking down mom-and-pop shops and destroying them by leaving downtown barren and empty. I am going to prove it does have some effect on small business, but also it has to do with our economy. I plan on the information and graphs I found by researching my information about how the big companies do take over some small business. I will provide a power point presentation in my research paper to also show you more information about my research paper. There is no question that Wal-Mart does cause some mom-and-pop shops to fail. However, those failures are entirely compensated for by the entry of other new small business. I am also going to prove that it’s fifty fifty. Large Corporation sometimes destroy some mom-and-pop shops. Also I have facts they don’t destroy all the small business. We will write a custom essay sample on Mom and Pop Shops or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The article states shopping center have developers to lesson mom-and-pop shops in new centers in U. S. Regency. It has reduced the amount of small shop space and including new development. It also states that the regency is having a harder time filling empty spaces with new mom-and-pop tenants and franchises than in the past. As stated in a recent article from the Neighborhood Retail Alliance, because when Wal-Mart enters a town undeniable harm happens to small and medium sized entrepreneurs. Not only does the company sell numerous types of goods, its’ sure to grow, it often prices them below cost in order to drive out local competition. These new developments have come at a time when everyday low prices which is the growth model that Wal-Mart necessarily wants to pursue long term. In recent years many of its competition have close up shop because they could not complete with Wal-Mart prices. There were shops of all kind like bakeries, shoe stores, pharmacies. Then Wal-Mart comes along. The fear that the giant corporation would come to small town and squash mom-and-pop operation turned out to be real. American consumers find the Bentonville (AR), based discounter which topped $226 billion in 2001. As local stores have continued to close, Wal-Mart has grown to 2,780 outlets in the U. S. alone. They explore widely views that Wal-Mart causes significant harm to mom-and-pop business. They did a test to see if Wal-Mart had been harmful to small business. They examine alternative measures and empirical techniques for robustness. Their studies results show that Wal-Mart had no significant long run impact on the overall size and profitability of small business in the United States. New studies find that Wal-Mart does not negatively impact local small business. Ranking as one of American’s largest corporations, reading the article they state Home Depot and Lowes put local stores out of business. If that was true Ace and True Value, also Building 19, they still exist thru United States. There finding are the larger retailers such as Ames department stores, Sears, and Kmart that lose business with the arrivals of new Wal-Mart stores, while smaller retailers are not affected to some extent. Wal-Mart has low prices because of our economy that’s why it’s hard for their competitors to bet their prices. Remember Bradlees, Ames, Anne Hope, Building Square, all based in New England. They have similar formats like Wal-Mart and Target, but they are all out of business now. By reading this article my findings are Wal-Mart is looking to open three hundred fifty new express convenience stores a year in U. S. cities and rural areas threatening small independent retailers. The largest retailer is downsizing its new stores to fit smaller city. But smaller retailers and traditional â€Å"mom-and-pop† stores could suffer from the move as consumers, for convenience and lower prices. This author believes it put pressure on mom-and-pop because Wal-Mart carries most of the basics, even groceries cheaper than mom-and-pop shops. Wal-Mart is proven to be cheaper; they can shop and get milk or their toasters breaks or even pick up DVDs cheap. Most mom-and-pop shops do not carry toasters or DVDs, and if they do they are higher in price. Will Wal-Mart take over the world? There were shops of all kinds like bakeries, shoe stores, pharmacies, and then come Wal-Mart. The mom-and-pop shops fear that giant all-in-one stores would come to small towns and squash mom-and-pop operations, based on discounter which topped two hundred twenty six billion in 2001, irresistible for its convenience, and low prices. Wal-Mart being such a huge buyer, it is such a huge seller that it can offer customers the lowest prices and make up the difference in volume. According to this article mom-and-pop shops are gone, regional chains are gone national retailers are thinning out. â€Å"We’re left with only the very big players at the top now that Wal-Mart has chewed right up the food chain. By reading all the articles, there are facts that Wal-Mart does and does not have effects on small mom-and-pop shops. The articles I read about Wal-Mart, Home Depot, Lowes has forced the mom-and-pop shops to close. For example the two big hardware stores have not put Ace, or even True Value out of business, they still exist throughout the United States. The only thing I can see is that people are misled; Wal-Mart has low prices. I believe it has to do with our economy. Also remember Bradlees, Building Square, Ames, Anne Hope, all based in New England. They are like Wal-Mart and Target, but they are all out of business now. It defiantly gives you something to think about. Reference â€Å"Study prove it: Wal-Mart super stores kill of local small business; Steve Barrision; 2013 â€Å"Bloomberg BusinessWeek; November 26, 2002 New Wal-Mart stores put large retailers out of business, mom-and-pop stores less affected; Persky J amp; Merriman D; 2012 â€Å"Mom-and-Pop closing shop;’ (vol 29 Issue 6, pg. 7-7); Business Source Elite; June 2008 â€Å"Break the monopoly of mom-and-pop shop-put a Wal-Mart in Hyde Park†; Adam Gaffin; 2/14/10 â€Å"Impact of Wal-Mart on Self-Employment and sm all Establishment in the United States†; (vol 46 Issue 4, pg. 676-695); Sobel, Russell s. amp; Dean, Andrea M â€Å"Is this the end of local States? Mighty Wal-Mart plans to build 350 minis ‘express’ shops a year to take on smaller retailers;† Daily Mail Reporter; June 2011

World War Ii Dbq Essay Example

World War Ii Dbq Essay World War II DBQ After the deaths of 37,508,686 soldiers by the end of World War I, Europe was a mess. Countries had been dissolved and rearranged, governments had fallen and been replaced, and economies were thriving then crashing, all as a result from World War I. One of the main goals at the end of World War I was to prevent another tragedy like World War I from happening again. Clearly that did not happen, as World War II still happened, causing over 50 million deaths. The repercussions of World War I caused World War II due to radical ideology, bad economic conditions, and nationalism to the point of extremity. The rise of Fascism in Italy contributed to World War II because of it’s militaristic and nationalistic nature. When the Treaty of Versailles was signed in 1919, Italy, which had suffered 2,197,000 soldiers either wounded or killed, but claimed to not get the territory or status that it deserved. This caused parliamentary instability within Italy, which gave Benito Mussolini a place to promote a form of government that would provide a scapegoat of the political and economic chaos in Italy, Fascism. One of the main goals that fascism promised to the people is the â€Å"conception of the State, its character, its duty, and its aim. † (Document #7). Depending on how dedicated the people were to the state determined their status. This pressure that was placed upon nationalism was not new in Europe, for the beginning of Germany’s movement to National Socialism, or Nazism, was beginning in the 1920’s, and on October 28, 1922, Il Duche and his Fascist followers did the March on Rome, and on November 9, 1923, the Beer Hall Putsch was Hitler’s attempt at a revolution, attempting to seize power in Munich, Bavaria, and Germany. We will write a custom essay sample on World War Ii Dbq specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on World War Ii Dbq specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on World War Ii Dbq specifically for you FOR ONLY $16.38 $13.9/page Hire Writer This militaristic and nationalistic form of government contributed to World War II, but Italy was not the only country in Europe with this radical political ideology. The rise of Nazism in Germany contributed to World War II because of it’s militaristic nature and going against the League of Nations and Treaty of Versailles. World War I left Germany a mess, both economically and politically. The Weimar Republic was set in place, and the War Guilt Clause which stated that â€Å"Germany accepts the responsibility of Germany and her allies for causing all the loss and damage to the Allied and Associated Governments † (Document #1). Aside from having to accept the charges from all of the damage done in the war, â€Å"The provinces of Posen and almost the whole of West Prussia are to be separated from the German Empire † (Document #2). Much like the economy of Italy, Germany’s economy was in a slump, with a 26% unemployment rate. This terrible economy along with the increased number of Germans disliking the Weimar Republic allowed Adolf Hitler, a failed artist, to rise up. Hitler’s political system of National Socialism, or Nazism, promised the German people a way out of their economic hardships and to make Germany rise as a world power once again. Hitler became the Chancellor of Germany in 1933 by democratic means. His votes, mainly by farmers, small businessmen, civil servants and young people made Nazi party the most popular in the country. When President Paul von Hindenburg invited Hitler to form a government, Hitler persuaded von Hindenburg that Germany was on the verge of a Communist revolution, so the emergency laws would have to be in place. Once the emergency laws, which allowed a dictatorship, were established, the Nazi party was able to gain full power in Germany. Much like the Fascist Italy, this form of radical ideology was a major contributor, to World War II, along with the crimes against the League of Nations. Germany’s invasion of territories lost during World War I and Italy’s invasion of Ethiopia in 1935 against the League of Nations contributed to the cause of World War II. One of the first actions taken by Hitler was to regain all of the territories that were taken away as a result of the Treaty of Versailles, which was directly against what the Treaty of Versailles said. The British found out about Hitler â€Å"reoccupying the Rhineland† (Document #9),a direct violation against the League of Nations. Woodrow Wilson, the President of the United States in 1918, proposed the idea of an international peace-keeping organization in his 14 Points speech. Germany was allowed to join the League of Nations through the Treaty of Locarno in 1925, in hopes that this organization would be able to help prevent any future world wars. Another violation of the League of Nations was Italy’s invasion of Ethiopia in 1935. In World War I, Italy started out fighting on the side of the Germans and the Austrians and switched sides halfway through the war. The invasion of Ethiopia was a direct violation of Article X of the League of Nations, because not only was Ethiopia a member of the League of Nations, but the invasion resulted in the Italo-Ethiopian War, which started in October of 1935, right after Mussolini’s invasion of Ethiopia. The Italians violated the rules of the League of Nations, but Germany also violated the Treaty of Versailles. Due to Germany taking back the colonies lost after World War I and forming an alliance with Austria, Germany’s actions against the Treaty of Versailles contributed to the cause of World War II. After Germany got slapped with a $33 Billion dollar war reparation bill and Kaiser Wilhelm was removed from power, Germany was a mess, which allowed the rise of Hitler. Hitler, being a former Iron Cross winning â€Å"Gefreiter†, or Private First Class in World War I, believed that Germany was forced into signing the Treaty of Versailles. The bitterness he held facing the Treaty of Versailles continued on throughout his leadership, which is why some of the first places that he attacked were those that had been lost during World War I, such as the Rhinelands, which â€Å"was a complete reoccupation, not merely an attempt at remilitarization, but actual and complete remilitarization †(Document #10). Another restriction that was placed on Germany by the Treaty of Versailles was the prevention of an alliance with Austria. After World War I, Austria-Hungary was dissolved into Czechoslovakia, Austria, Hungary, and parts of it into Italy and Poland. The Treaty of Versailles was created by the Big 4- David Lloyd George of England, George Clemenceau of France, Woodrow Wilson of the United States and Vittorio Orlando of Italy, although Orlando was frequently on the sidelines. Even the British Prime Minister Neville Chamberlain says that â€Å"His Majesty’s Government were not within their rights in interesting themselves in the independence of Austria †(Document #11). Radical ideology throughout Europe in the 1920’s and 30’s was a major player in World War II, but bad economic conditions helped to cause the bloodiest war in history. The high unemployment rate and high inflation contributed to the cause of World War II. When the Weimar Republic was installed in Germany in 1919, Germany along with the rest of the world was producing goods at a war-like rate. When a country produces goods like this for so long, â€Å"the vast expenditures of the war, the inflation of prices and the depreciation of currency, †(Document #3) cause a country to go into a depression. When the Weimar Republic was ending it’s 14 year stand to Hitler and Nazism, the unemployment rate was 26%. This was reflected in the proletariats, or the non-working class in this case because â€Å"Whole families had piled all their goods into baby carriages and wheelbarrows that they were pushing along as they plodded forward in a dumb despair. †(Document #8). Even the Great Depression in the United States in 1929 only got to 25% unemployed. The Depression in the United States caused problems in Germany, with a decline in industrial production of over 30%, and in 1933, the percentage of workers that were unemployed in 1933 hit 36. 2%, or 9 out of every 25 people was unemployed. Between January of 1933 and January of 1939, the total number of people unemployed went from 6 million to 302,000, or a 5, 698,000 person difference. This number kept on decreasing, but it is not the pure cause of the Nazism government. Between women not being needed in the working force after World War I, Jews losing their citizenship in 1935 and the young men that were needed for World War II in 1939, there were less people involved in the work force to begin with. Between German housewives using Reichmarks to burn instead of wood and â€Å"an almost unbroken chain of homeless men extends the whole length of the great Hamburg-Berlin highway (Document #8), paying for the damages Germany had caused was not on the top of their list. The $33 billion dollar war reparation Germany had to pay in response to World War I was a major contributor to World War II. One of the main problems that Germany encountered was a $33 billion dollar war reparation that was a part of the Treaty of Versail les. However, since Germany had just lost a major world war, Germany did not have the means to pay back Britain and France right away. In fact, Germany wouldn’t finish paying back the debts until October of 2010. Germany’s economy was already down the drain which could already lead to a â€Å"rapid depression of the standard of life of the European populations to a point which will mean actual starvation for some †(Document #3). Britain and France were dependent on Germany to pay back the $33 billion to help kick start their own economies. The British and the French were paying the United States who were funneling to Germany, so when Germany was not able to pay up, it lead to a worldwide economic crisis, not just German. The Germans already agreed to â€Å"make compensation for all damage done to the civilian population of the Allied and Associated Powers and to their property †(Document #1). Aside from the support from the United States, Russia, with it’s New Economic Policy installed by Joseph Stalin, or Iosif Vissarionovich Dzhugashvili, was also able to loan money to Germany. Germany was also spending close to $30 billion dollars every year, which certainly does not help the economy. he Reichmark losing worth by the hour was not the sole cause of World War II, the colorful signs of propaganda and the emphasis on nationalism contributed as well. The pull of propaganda and the fear to not be nationalistic contributed to the cause of World War II. Nationalism and pride for one’s country is present in every country: waving the flag, singing the national anthem, etc. However, once your status in the government is being decided by your dedication to your country and citizens are be ing taught that â€Å"all individuals or groups are relative, only to be conceived of in their relation to the State (Document #7), pride for your country becomes an understatement. In Germany, colorful signs coated the streets of Berlin varying from the bomb shelters of England with Churchill scratching off the cities that had been bombed to a giant monster with a sword in it’s tongue, representing the Japanese attacking Pearl Harbor on December 7, 1941. These signs promoting war had a great effect on children, who were writing about how â€Å"war gives them the opportunity to develop their talents. Without war the world would have fewer great men †(Document #6). Hitler Youth was created to appeal to the German children. It was considered useless to stay at home and do nothing because â€Å"it is sweet to die for the Fatherland. The dead of the enemy live in the memory of the victor. †(Document #6). Certainly flashy posters and appealing to children wasn’t the only reason why World War II happened, but creating the ideal German race certainly did help. Germany’s blaming of the non-Aryans to use as a scapegoat from the problems of World War I contributed to the cause of World War II. The Aryans are by definition, not a race. They are just a person that spoke and Indo-European language. However, Hitler believed that there was and ideal German race, and â€Å"what we see before us of human culture today, the results of art, science, and techniques, is almost exclusively the creative product of the Aryan †(Document #4). This ideal race, which Hitler himself did not even fit, had blonde hair and blue eyes. Hitler never wanted to father a child because he felt that he was not able to produce one of the ideal race because his nose was too â€Å"Jewish† looking. Hitler believed that a Jew was the complete opposite to the Aryan. The only way that would be able to stop these non-Aryans from destroying the culture was to eliminate them so â€Å"never again can its consequences be removed from the body and the mind. †(Document #4). During the Holocaust, or the Nazi’s systematic genocide of the non-Aryan people (Jews, Communist, homosexuals, Gypsies, etc. ), Hitler eliminated close to 2/3 of Europe’s Jewish population, almost 6 million, and in total the number of Holocaust victims was between 11 and 17 million people. With the total death count of 56, 125,262, and the estimated number of people serving racking in at 1. 9 billion people, World War II was the bloodiest war the world has ever seen. The consequences of World War I caused World War II because of radical ideology, bad economic conditions, and nationalism to the point of extremity. Hitler is now buried under a garbage dump in what used to be East Germany, and as far as history knows, we’ve done a pretty good job preventing World War III so far. â€Å"A people free to choose will always choose peace. †- President Ronald Regean

How To Make Your Content More Social Media Friendly

How To Make Your Content More Social Media Friendly Social media is key for  content marketing success.  Once youve put the work into producing a piece of content, you want it to catch fire and get tons of shares. All you have to do is blast the link across your social channels, and watch all the shares and traffic roll in. Right? Well, that isnt quite how it works. And if your social media content isnt performing, it could be because it isnt very social media friendly. Depending on how you look at it, social media can be a blessing or a curse. Sure, it is a great low cost channel for spreading your content, but it can also be a crippling scapegoat if you arent careful. You could but be publishing on social media regularly with little return on your investment, all with the appearance of doing great content marketing. Are your readers actually  sharing your content?  Are your really achieving the social traction that you expected or deserve? Is the good old hub-and-spoke model of content marketing actually working for you? Fortunately, the problem may be entirely your fault. You may just need to make some basic adjustments to make your content more social media friendly. The more friendly you make your content, after all, the more likely your readers will be to share it with their audience. Here are five easy ways that you can do just that. Want more people to share your content? Make it more social media friendly. 1.  Make Sure Your Content Looks Good On Social Media One of the first things that you need to do is to make sure that your content look good when it is shared on social media. This relies on  Ã‚  a small bit of meta-tag code that should included the HEAD of your html page. This code will provide instructions to networks like Twitter, Facebook, Google+ and Pinterest by telling them which image, title, and description to use when a post goes live. You can preview what your own link previews look like using this  handy debug tool provided by Facebook. There are several ways to ensure that your link previews always look great. The free  JetPack plugin  or  Yoast SEO plugin  for WordPress will make a "best guess" at what these link previews should include using data from the post itself. This is a good starting point, but may not offer enough flexibility for the power user. Tools like our own allow you to completely  customize your link previews, giving you maximum editing control. Recommended Reading: Best Practices Guide For Making Sure Your Posts Look Good On Social Media 2. Write Emotional Headlines Because They Get  Shared More One of the ways to make your content more social media friendly is to write headlines that are more likely to be shared with others. There are some very simple ways to do this. For example, our research has proved that headlines with more emotional value tend to get shared more with others. With millions of headlines in our system, we went through each one and calculated its  Emotional Marketing Value (EMV) – a rating that attempts to measure the emotional value of a headlines. What we learned was that headlines with a higher emotional value were more likely to be shared on line. The  Emotional Marketing Value Headline Analyzer  Ã‚  is a free tool from  the Advanced Marketing Institute that you can use to calculate the EMV of your own headlines. Can this tool predict shares? Maybe. Simply copy and paste your headline into the box and it will give you a calculated score of your headline’s EMV Score. After researching EMV, we thought a great tool would combine that research with other elements of headlines that drive shares, traffic, and search results. That's why we built the headline analyzer. Try this tool to write even better headlines. Write More Shareable  Headlines With Our Free Headline Analyzer The headline analyzer  will help you: Use headline types that get the most traction for social shares, traffic, and search engine ranking. Make sure you have the right word balance to write readable headlines that command attention. See the best  word and character length for search engines like Google and email subject lines, while also seeing  how your readers will scan your headlines. Try The Free Headline Analyzer Now Recommended  Reading: Proof That Emotional Headlines Get Shared More On Social Media 3.  Make Your Content  Easy To Share By adding simplicity to your page, you can increase the likelihood that someone will share your content, immediately making it more social media friendly. There are few simple things that you can do to make this more likely. Make Sure Your Social Sharing Buttons Are In The Right Spot Not long ago we took at look  at how the placement of social sharing buttons could  best influence social sharing from  our blog layout. What we found was that  the top/left side of the page seemed to perform the  best for most situations.  Because most websites load content on the left side of the page, and based on how people typically look through a site, it is pretty easy to see that the most noticeable place for this type of activity is in the top-left portion of the page.   Recommended Reading: What is the Best Placement for Social Media Buttons? Add Easily Sharable Content To Your Post Here at we made a simple plugin for our own use, and have  recently  made it available to everyone for free. This simple tool allows you to easily add tweetable content to your posts.  Ã‚  These boxes create important triggers that you can use to get your readers sharing content for you. Create beautiful boxes in your blog posts. #ClickToTweet Make Your Images Easy To Share SumoMe makes a great little tool that allows your readers to easily share your blog images via Twitter, Facebook, and Pinterest. It is the best option out there for sharing your visual content across the web. Recommended Reading: 25 Growth Hacks Your Content Marketing Desperately Needs 4. Publish Your Content At The  Right  Time When is the best time to publish a blog post? KISSmetrics in corporation with  Dan Zarrella  has been able to crack the code on this very idea. Key Takeaways: Most blog content is read in the mornings. However, men tend to be more likely to read content in the evenings. Monday is the best day of the week to publish content. Most blog posts gets the most traffic around 11am. Saturday and early morning visitors (9am) tend to leave more comments. Monday and Tuesday are the highest drivers of inbound traffic. The take away on this data is  pretty easy to see. It is likely in your best interest to publish your content early in the week, and early in the morning to maximize your social media  impact.

3 Reasons Why Tough Job Interviews are Good for You

3 Reasons Why Tough Job Interviews are Good for You Dr. Andrew Chamberlain, Chief Economist at Glassdoor.com, has advice for the interview-averse among us. And it’s not just you- they’re a lot more intense than they used to be! Maybe you used to get called in based on a cold call or a particularly appealing resume, but now the average job interview process lasts 22.9 days, not the former 12.6. Companies are more demanding, and the interviews are more rigorous and could involve presentations, puzzles, tests, or on-the-spot problem-solving. The good news is, the more exacting process can be positive for candidates. Those tough interview questions might benefit you later. A tougher interview is associated with a higher job satisfaction rating later on- maybe this is because employees feel like they â€Å"earned† it, but I think it’s more likely that companies were able to identify traits they really valued and select the best possible candidate.1. Rigorous interviewing makes for better matches.Think of it a li ttle like dating- if you’re just meeting for drinks at a bar, you’re relying on small-talk to know if you’ve just met the life partner who will help you survive the zombie apocalypse. If you invite someone on a bowling/rock climbing/ice skating date, you’re going to know their skills, their strengths, their competitive instincts, and their response to physical stress. Which second date would you rather go on?2. A detailed  application process puts expectations on the table.You can tell a lot about what a company wants by where they ask you to focus your energy during the application process. All of their questions are tied to specific work they’ll likely ask you to be doing; work backwards from the question to make educated guesses about the kinds of scenarios they’d be hiring you to handle. You’ll know what they’re looking for, and if that’s something you want to provide.3. The harder the process, the more theyâ€℠¢ll value you.When a company asks a great deal of you during the interview process, it should tell you two things- they regard this job highly, and they’re willing to expend resources to make sure they can depend on you. This should also give you a healthy appreciation for your own value- you must have something impressive to offer if they’re this invested in making sure you’re a good fit for their company.Remember to keep your positive attitude and a fake-it-til-you-make-it confidence at the forefront, even if demands seem excessive or more than what you bargained for.

CVS Internal assesment Research Paper Example | Topics and Well Written Essays - 500 words

CVS Internal assesment - Research Paper Example They create visual representations that show the customers’ position in relation to client’s tastes and the competing brands (Ranchhod & Gurau, 2007). A marketing strategy is a process in which an organization uses its limited resources to maximize its greatest opportunities with a hope to gain or retain a competitive advantage (Metcalfe & Warde, 2002). The CVS is a leader in pharmaceutical services industry. This happens through delivery of customer prescriptions. The company also helps customers to access medicines easily. CVS Caremark uses a number of marketing strategies to deal with its competitors. CVS Caremark is positioned in convenient locations to easy customer access. The company offers 24 hours service. These two strategies make CVS Caremark’s products easy to access especially for those who like frequent glossary shopping. The company’s biggest challenge is high competition in the market environment (Dibb & Simkin, 2008). CVS Caremark is working towards winning customer trust, confidence and loyalty. The company is using the social media as a strong marketing tool. The company also gives customized offers from its local stores. CVS Caremark after reviewing its marketing strategies claimed that customers were more informed and involved in their healthcare products than ever. Walgreens was a relatively small company a few years ago. However, the company has undergone a transformation which has made it prosperous. Walgreens developed a desire to pay more attention to the needs of its clients. This was particularly done to the young mothers who had multiple children. This means the company was investing for more sales with these mothers in the coming days. The company also built strong internal relationships strategically. They included functional interdepartmental relationships. This is because the CEO of the company believed that relationships and connections are necessary for the entire company to

Australian commonwealth Bank Research Paper Example | Topics and Well Written Essays - 1250 words

Australian commonwealth Bank - Research Paper Example The Commonwealth Bank was founded as per Commonwealth Bank Act during 1911 and finally, it started operations since 1912. This bank is also one of the oldest and the most trusted banks offered a number of corporate and retail financial services. After the rapid development of globalisation and international trade, the bank experienced very rapid growth and currently, there are 800,000 shareholders are associated with the banks with 52,000 employees in the global market place (Commonwealth Bank Group-1, 2011). Australian Commonwealth Bank basically, offers three types of banking and other financial services for the personal, business and corporate. The financial service is one the most important sectors for the growth of economies as the financial institutions offers major necessary financial assistance to the population and industry of the economy. Like the other manufacturing and technology industries, the research and development is also important for the financial services sectors . In financial services, it is easier to develop a product but its viability is always questionable. Moreover, ineffective financial products are harmful for the entire economy; for example, the mortgage backed securities were one of the prime factors which had led to bring the U.S. mortgage crisis. Therefore, the financial institutions should develop their research and development process for innovating viable and effective financial product and services (Financial Services Innovation Centre, 2009). One the key factors for the success of Australian Commonwealth Bank is its innovative operational and product development process. The bank has realized the necessity of the innovation for gaining a sustainable competitive advantage in the global competitions. Innovation requires necessary resources including infrastructure and skilled employees. The banks is financial very stable and has invested significantly to acquired necessary physical resources for infrastructural and technologic al development. Besides, its intangible resources like innovative and highly skilled employees are also vital determinants for innovations in the organisation (Commonwealth Bank of Australia, 2008, p.6-7). The following diagram depicts the structure of Australian Commonwealth Bank that plays a key role in managing the innovation within the organisation. Figure 1: Value Chain Element of Australian Commonwealth Bank (Source: Commonwealth Bank of Australia, 2008, p.7) This bank has been constantly trying to bring innovative products and services to increase the value of its services and its business. Recently, the banks have brought a number of innovative process, services and products signifying the better business performance. During 2010, it has launched a number of successful products and services and some of them are listed below. Introduced Core Banking by 10 million accounts. Launched a savings product with high interest bearing, called GoalSaver. Brought in the new premium prod ucts like Diamond Awards credit card. Better and user friendly technological development has led to increase its netbank users by 20%. Net banking trough mobile device has also been upgraded. It has also brought many new developments and expansion in its School Banking programme for increasing financial literacy. Due to such successful product and process innovation, it has become of the pioneer in customer service satisfaction. These initiatives for innovations have offered the banks a number of

John Sutter and the Western United States Essay Example for Free

John Sutter and the Western United States Essay During the mid-1800s, people were eager to explore most of the United States in search for a better place to live in. Those who came from Europe settled in most parts of the Eastern United States. But there are those who ventured further, going deeper into the West. One of them is John Sutter, born in Germany and of Swiss descent. He became a captain of the Swiss Army, and was driven away from his family because of debts, going to the United States to look for a greener pasture. According to Albert Hurtado in his book, John Sutter: a Life on the North American Frontier, John Sutter deserves to have a title of an entrepreneur. All his achievements were the product of his hard work and entrepreneurship (Hurtado). He roamed the United States by using these characteristics to earn enough money to fund his ventures. The Eastern part of the United States at that time were already populated, where trade and commerce is flourishing all over the place. He joined a trading venture to New Mexico, where he was successful enough, returning with wine, several mules and money. When he celebrated the Independence Day of 1839 in Monterey California, he met Governor Juan Bautista Alvarado. This meeting paved the way for a settlement grant of more than 48,000 acres of land for Sutter, the start of the monumental â€Å"New Helvetia Settlement† which pioneered American life in the Western United States. One of the few requirements for John Sutter to be awarded the land grant was to become a citizen of Mexico. This would give him thousands of acres of land where he can establish a pioneering settlement. In less than a year after becoming a Mexican citizen, he was awarded the vast lands in the central valley of California. In order to properly run this vast acreage of agricultural lands, he employed various Native Americans, as well as welcomed immigrants from different places. John Sutter’s Fort became a famous stop-over for those wishing to venture into new lands. With this account from Albert Hurtado’s book, we can see that the Western part of the United States at John Sutter’s time promises new beginnings to those who wish for a different life. The East was somehow been congested with various people migrating from other nearby countries. Because of this, some wanted, and even dared to explore other parts of the â€Å"foreign land† they have settled in. But not all parts of the west are conducive for living. In the account of John Bidwell, he describes most of the west especially California as â€Å"the country was brown and parched; throughout the State wheat, beans, everything had failed†¦cattle were almost starving for grass, and the people, except perhaps a few of the best families, were without bread, and were eating chiefly meat, and that often of a very poor quality† (Bidwell). This means that the west may promise a good life, but there are also risks in living there. It is still an uncharted territory for the migrants, and that they were all going to start from scratch. They have no clear idea on how to handle things at first, especially because they did not originate in the area. However, it is also filled with resources just waiting to be exploited. According to Bidwell, the place also has some good points, â€Å"there were no other settlements in the valley; it was, apparently, still just as new as when Columbus discovered America, and roaming over it were countless thousands of wild horses, of elk, and of antelope† (Bidwell). The Western part of the United States was truly a place of uncertainty, wherein you’ll have to risk everything if you choose to settle in the area. John Sutter was able to survive and was successful in establishing a settlement in the area. In a sense, we could say that Sutter was successful in taming the Wild West. Sutter’s Fort housed a number of people ranging from natives to settlers, even those who were lost in their way, and these people contributed well enough in cultivating the vast lands of the settlement. In a few years time, John Sutter became a major supplier of horses, cattle, and wheat (Doti). The Western United States became a melting pot of different cultures. These cultures blended well with each other despite of their differences. This is essential for the success of the settlement, where everyone has to do their part in order for their efforts to flourish. John Sutter bridged the gap between the settlers, the natives and even the bordering Mexicans. Sutter’s works not only gave rise to a new settlement, but also to a new world found in the West. This is a very important contribution in the history of the nation, as it expanded the country’s influence across the borders. The culture in the Eastern United States at that time was generally influenced by the countries which they came from. Most these are European countries that are why they have developed mixtures of various European cultures. On the other hand, the Western United States is not only a mixture of European cultures, but also accompanied by various customs of the Native Americans and the bordering Mexican culture. This diversity has proven great importance in the formation of the Western United States, because western settlements were the products of various cultures cooperating with each other in so that they would achieve peace and order in their respective communities. Works Cited: Bidwell, John. Life in California before the Gold Discovery. 1890. The Century Magazine. November 19 2007. http://www. sfmuseum. org/hist2/bidwell1. html. Doti, Lynne Pierson. John Sutter: A Life on the North American Frontier Book Reviews. 2006. Chapman University. November 19 2007. http://eh. net/bookreviews/library/1116. Hurtado, Albert L. John Sutter: A Life on the North American Frontier. 1st edition ed: University of Oklahoma Press, 2006.