Sunday, November 3, 2019
LEGAL ASPECTS OF NURSING Essay Example | Topics and Well Written Essays - 1000 words - 1
LEGAL ASPECTS OF NURSING - Essay Example The reason being, prior to Mr. Abraham’s death, was a drunkard’s life. One who frequented the emergency room with similar cases of injury because of drunken behavior. On the other hand, all previous cases, and scenarios involving his admission to the same health facility, had ended positively (Sloan, 2008). In this particular incident, Mr. Abraham engages in merry making that result to drunken behavior bringing about physical energy to him. Upon admission to his one favorite health facility for treatment, his drunken mood takes the better of him and causes him to be uncooperative at the institution. This forces the management to take extra caution while dealing with him, and with this, Mr. Abraham was restrained to keep still and ensure his own safety. Taking the safety measures to another level, the management results to restraining the patient, Mr. Abraham, onto a bed, with vest restraints too, minimizing the risk of any fatalities. Unfortunately, for the patient, he is later found lying dead on the floor beside the bed, with no certain explanation of what had transpired (Sloan, 2008). In view of the above scenario, there lies one main question. To whom did the blame of his sudden death lie? On the institutions side, and in their own defense, there lied vivid evidence of their well-intended will and measures, which they had taken to protect Mr. Abraham from himself. This is whereby the principles of patient protection come in. The firm goes out of its way to ensure that Mr. Abraham, due to his trends and behavior was guaranteed extra safety. This including restrictive vestments that would inhibit him from inflicting injury to himself (Sloan, 2008). Patient protection is evident throughout the scenario, since the instance whereby the patient was received to the facility, immediate attention was accorded to him. Further restraining and protection followed suit, to the instance of his passing away. It is evident, as the health institution put into consideration the patient’s current state, as well as the reputation they had of him due to previous encounters, making sure, that he would be in the safest state possible, despite his drunk condition that was likely to cause him self-harm (Sloan, 2008). The fact that the situation resulted to a deadly end, made true the fact that there lied room for further improvement, upon the safety measures taken by the health facilities to facilitate Mr. Abrahams security. One of the measures likely to ensure this was to assign a specific nurse or any relative employee to ensure that Mr. Abraham had someone to keep an eye on him at all time, up to the moment when he would regain sobriety. If this would have been the case, then the instance of Mr. Abraham being found lifeless on the floor would have been avoided, as there would have been a party, monitoring his every move at all time. More to the scenario is the question of whether there lied greater duty on Mr. Abraham’s side, fr om an ethical perspective. Research on ethical practice of individuals in within the community reveals that, the victim had a greater role to play, ethically, before the sudden occurrence took place. This is in that, was it not for Mr. Abrahams careless and irresponsible drinking habits, the situation would have never come to what it was. If at all the victim practiced moderate drinking, not stretching it beyond reason, the fight that led to his injury would not have
Friday, November 1, 2019
Dramatic Literature Analysis Paper Essay Example | Topics and Well Written Essays - 250 words
Dramatic Literature Analysis Paper - Essay Example Each member of the Younger family is driven by the dreams of their own. Mama intends to buy a house of her own while the son, Walter Lee, wants to invest money on a liquor store which, according to him, will solve their financial crisis. Unfortunately, their race and Walters business partners betrayal stand in the path of the fulfillment of their dreams. However, the family sticks together to make their dreams come true. The main characters strive to deal with the tyrannical circumstances inflicted upon them. All the sufferings they endure, fights they indulge in and the frustration that comes out in various ways, including Walters fights with Ruth, Mama, and Beneatha,  Ruth’s consideration of an abortion and Beneatha dating two very different men, certainly seems to be the result of their intense struggle to attain their dreams. However, the final realization that the dream of a house is most important for it unites the family, exhibits that pride in oneself is the only way to hold on to one’s self-esteem and assert one’s value as a human being. Similarly, Mama’s dedication to the plant is the symbol of her utmost care and dream for her family to move up in the world. The play A Raisin in the Sun is an intriguing piece of work by Hansberry which describes the importance of family and unity. It is thought provoking as it describes the efforts of a poor black family that, despite the numerous predicaments, choose to stick together to attain a place of its
Wednesday, October 30, 2019
Acme Company Speech or Presentation Example | Topics and Well Written Essays - 250 words
Acme Company - Speech or Presentation Example The current ratio is 1.9. That indicates that the company is in a position to furnish its short-term obligations. As for the quick ratio, it is 0.67. That indicates that the value of liquid assets available to furnish current obligations is less than the current liabilities. The current ratio for 2013 is -2.08. That indicates that the company is not in a position to meet its current obligations from its current assets. In 2012, the company had a better current ratio of 2.04. Response to Problem 3 1. Assets = 32,666 Million Liabilities = 18,809 Million Owner’s Equity = 13,857 Million 2. If the company was to go through liquidation, the shareholders would get the $13, 857 million as it is the difference between the assets and liabilities. 3. Non-current liabilities for the year 2012 = 18,809 – 7,708 = $11,101Million 4. Current Ratio = 9,784/7,708 = 1.3 5. In 2012, the company had a cash outflow. The cash outflow was $903 million 6. The cash flow from operating activities in 2012 is $3,762 million. The amount is not the same as the operating income due to the depreciation, interest and taxes charged against the income in the income statement.
Monday, October 28, 2019
General safety issues Essay Example for Free
General safety issues Essay General safety issues for any training programme eg kit chewing jewellery etc minimum four The programme This would mean giving detail as to the number of repetitions done at each station, and a clear description of how each exercise was completed (method,). This should be written up as a diary see example After each session there needs to be an evaluation how did it go. You need to appreciate that the circuit you develop and undertake will not be perfect. It will need adjusting. Some exercises will be too hard and/or too easy -you need to say which (and why) and to suggest how you will adjust the programme for the next time. This is where you need that detail of what you managed. So for example if your circuit includes sit ups and you managed to achieve 40 in one minute without the slightest feeling of fatigue, you need to make them harder next time -maybe changing you leg position or arm position. On the other hand if you only managed 3 in one minute then the exercise I obviously too difficult and you need to adjust it to an easier one. Evaluation of programme When you have finished the whole programme you need to summarize the benefits that the sessions had for you. This will need to in include the re-testing of the fitness and skills tests that you initially undertook, The differences between the initial results and the final results for each test need to be commented on use figures did you improve, did it help your performance, was it a suitable test (reliable or valid) Did the program achieve what it set out to achieve this means referring hack to your original aims. Were the tests suitable should you have included others, were some not specific enough why not Eg Yes I can hold off players better at football or no I cannot. Were the training methods that you used suitable/ideal in other worth was circuit training the best means of improving your fitness if not what else could you have done. This needs to be discussed and also suggestions made how the tests and/or programme could be improved upon. Appraisal of programme This needs to include detail of how you used training theory specificity, overload, duration intensity, frequency, reversibility, progression etc. to work out your programmes and was the programme intensity and /or frequency perfect or could there have been some adjustments give examples from your ongoing evaluations You need to discuss whether the PEP was a success or not and whether the programme could be used again. When it is used again, what modifications would you suggest to anybody else undertaking this same programme.ie I would work at 50% intensity instead of 60% What effects did the programme have on you performance in your activity did you find that you played better have you got any evidence that you played better more goals, coaches comments?
Saturday, October 26, 2019
Montana Plants & Native Americans Essay -- essays research papers
Montnana Plants & Native Americans      Since the beginning of the human race mankind has depended on the natural resources in their environment for survival. They utilized the available flora to nourish their body, heal their wounds, comfort their ailments and to create products to ease their daily lives. Many of the same plants utilized thousands of years ago by the indigenous people have been integrated into modern day medicines. The scientific interest and knowledge of plants for nourishment, healing, and practical uses is called ethnobotany.      The multiple use of plants used for nourishment, medicinal purposes and practical use were ignored by Lewis and Clark during their monumental trek across the United States. Rather than consider the Native Indian’s use of native plants they persisted on using Dr. Rush’s Thunderbolt pills that probably caused more problems than the condition that inflicted them. Many modern day cultures continue to ignore native remedies and have come to depend on synthetic pharmaceutical drug production. In recent years the wealth of indigenous knowledge has been acknowledged revealing the use of native plants and the importance it had in the survival of indigenous people.. Pharmaceutical companies have utilized the immense knowledge of the indigenous people and their use of natural plants. The application of natural plant species have revealed the main reasons mankind has survived into present day. Following is a few of the plants, their application and their specifi c purposes. Kinnikinnick Arctroaphylos uva-ursi (L.) Spreng. Common Name: Bearberry This plant has a variety of names through out Montana. This plant grows in poor soil composing mostly of sand or gravel and is commonly found near Ponderosa Pine trees. Kinnikinnick and Bearberry are the most commonly used names in western society. The word kinnikinnick meaning that which is mixed, is derived from the Algonkian Indian’s language. Other versions came from western hunters who called it larb, Canadian traders called it sacacommis or sagack-homi, and the Europeans called it bearberry.          The American Indians mixed Kinninninnick leaves with tobacco to lessen the strength and add flavor to their strong tasting tobacco. Flathead Indian, John Pelkoe, explained ... ...ong, and shorter stalks are 20-100mm long. The flower length from the axils are one to three centimeters long. The optimum flowering time is from May through August. The fruit are pod shaped with seedlings coiled into two to three spirals with a strong net vein three to four millimeters long (montanaplant-life.org).                          Where noted information was derived from, http://www.montanaplant-life.org Retrieved 3-19-2004.                                        All other information was derived from: Hart, J. Montana Native Plants and Early Peoples. Helena. Montana Historical Society Press. 1992.                                        Â
Thursday, October 24, 2019
Explore the Different Types of Love Shown in Wuthering Heights
Explore the different types of love shown in Wuthering Heights Pages 70 -75 The love shown in Wuthering Heights on pages 70-75 is not only those of morality love, but also love that aches, and both types are each, for a different man. The simpler of the two is that of which Catherine feels for Edgar. Having chosen to marry Edgar, through no other reason than it is moral option; Catherine feels no true love towards him. When conversing with Nelly, and questioned on just what it is that Catherine loves about him, it is apparent, that she struggles to find an emotionally invested response.The responses that she does return to Nellys question, consisting of the adjectives, ‘handsome’, ‘pleasant’ and ‘rich’ all show that Catherine feels for Edgar’s appearance, which is also evidential later in the passage; ‘He is young and rich now, and I have only to do with the present. ’ This further shows the reader that Catherine’s lov e for Edgar is far from reliable, nor worth losing Heathcliff over. Catherine’s fight between both her heart and her head causes her to feel that Nelly is taunting her and doesn’t understand the dilemma of her situation; ‘but if you will not mock at me, I’ll explain it.. and further mentions that she can only give a small insight of how it is she feels; ‘I can’t do it distinctively. ’ The fact that Catherine feels quite apprehensive towards letting Nelly in on her ‘secret’, a secret in which she and she alone feels ownership over, which fails to include Heathcliff’s feelings toward her, shows that this love, the love for Heathcliff, is much harder to explain, hence she can find no words to describe it, compared to that of her love with Edgar.She later goes on to explain how in a dream, she visions herself in heaven and how she ‘broke her heart with weeping to come back to earth†¦ ’ This could be con sidered a vision into the future, in which due her decision, the decision to marry Edgar, she would eventually be in heaven, but without Heathcliff. Yet again, reference to how she cannot describe that it is Heathcliff she cannot live in death or life without and how it is Heathcliff of which she feels the strongest love towards, is apparent.Further into the extract, Catherine finally is truthful to Nelly on how she truly feels, and how those feelings are towards Heathcliff. Yet, although she is honest, she stills refers back to how she should be moral, ‘It would degrade me to marry Heathcliff; so he shall never know I love him. ’ How Catherine admits her love, although may not have been best said, the fact that she can say she loves Heathcliff, and with such emotion and sadness, shows that a truer love runs through their relationship, compared to that she has with Edgar.She later says that Heathcliff is more herself than what she is. This reference, of two people livin g like one, shows furthermore, that their love is stronger, and more possessive, a love in which two people cannot be themselves without the other. Heathcliff’s love for Catherine is briefly described by Nelly to Catherine, in which her honesty startles her. Enlightening Catherine to exactly what it is Heathcliff would lose; ‘a friend and love, and all! ’ further distresses Catherine, in which she reveals her true reasons for marrying Edgar, which are to help Heathcliff.Although the plan, as Nelly describes as nonsense, would fail to ever work, the reason in which she has made the plan, in order to rescue Heathcliff from her brother, shows that they’re love runs deeper still. The deepness in which in runs, in which she feels it is her duty to save Heathcliff from his perils rather than marry him as he is, shows how Catherine idioticness and young, foolish mind cannot comprehend how she should react to her feelings for Heathcliff. Pages 146 -149 In pages 14 6-149, it is made clear to us that Catherine, clearly ill, is sure to die, and requests that Heathcliff be by her side.This instantly shows that a dying person last wish, in some cases, would be to be near those they love dearly and truly, and in this case, Catherines is Heathcliff. His love for her is also apparent, ‘he bestowed more kisses than ever he gave in his life before’ through the amount of kisses sent upon her. His love through his actions for her as she lays dying, is also further insight as to how he’s felt about anyone else, as the amount of kisses he places upon her, are more than those for anyone else, and most likely, those that mean more.The use of ‘earnestly’ shows yet again, the possessiveness they share for each other and how one can surely not bare to see the other in weakness, not knowing that it is their love, that has made them weak towards each other. Even as Catherine continues to lie dying, she tortures Heathcliff by not r evealing her feelings truly to him, the feelings she holds so tightly for him, jokingly mentioning that him and Edgar ‘have broken her heart. ’ The quotation, possibly meaning that having chosen Edgar over Heathcliff, and Heathcliff’s departure, that he broke her heart, and by still choosingEdgar, he broke hers by not being able to love Heathcliff truthfully, yet it could also mean that by living with Heathcliff and by leaving him in her death, she will have lost him both to Edgar, and therefore her heart has been broken twice. Further reference to how the two loves cannot live by themselves, is that of when Heathcliff exclaims how he ‘could as soon forget her as his existence. ’ The continued reference of two hearts that can only live as one, constantly runs through their story, making their love the most powerful in the whole two-parted story.Catherine then goes on to admit that she cannot wish to be parted from Heathcliff once more. Referred to as ‘Mrs Linton’ during the scene yet again, shows how they have been parted in live, as the name ‘Linton’ is a constant reminder of how Catherine's blindness encouraged her to choose loyalty and morality, over true love. During Catherine's death, Heathcliff requests to know why she ‘betrayed her heart’ and why if ‘she’d loved him, what right she had to leave him’.Catherine’s response to Heathcliff's begs for answers are that she is dying for her mistakes, and she believes that her death is due to her bad decisions made in life, that she is forced to live without Heathcliff in the most harshest of ways. The love between Heathcliff and Catherine is apparent from the beginning, and it is also clear that she doesn’t share the same love for Edgar as she does for Heathcliff. A love of which aches, and turns individuals mad in their own lives, is the strongest in the book and especially in these scenes. A love of morali ty compared to that of a possessive, true love, wins no prizes in a competition.
Wednesday, October 23, 2019
Wal Mart Case
http://www. economist. com/node/2593089 http://www. authorstream. com/Presentation/akmohideen-193472-wal-mart-case-study-education-ppt-powerpoint/ How Could Wal Mart Continue Its Extraordinary Growth Management Essay Introduction The history of Wal-Mart started in 1962 with the opening of its first store in Arkansas, USA. The store stared as a retailer in the United States, but grew to reach extraordinary levels in the years to come. Wal-Mart grew rapidly, and used several methods to accomplish this growth. They opened their own stores as well as acquiring existing stores and chains to facilitate their entry to the new markets.The growth was not limited to the number of stores that the company opened, but it extended to the areas of operation for the store. For example, Wal-Mart entered new areas of business as it grew like pharmacies and jewelries. Wal-Mart followed an aggressive expansion strategy that was the model for their business for years, redefining concepts as they grew. Bu t what is Wal-Mart. The store can be described as the following. It is chain of discount department stores that operate with the purpose of reducing prices, and focusing on the volume of sales.The company’s growth is extraordinary in every sense; Wal-Mart is currently the world’s largest company by sales. Wal-Mart has recorded $260 billion in sales in 2005. The company manages over 5000 stores worldwide, 3200 of the stores located in the US, 900 in the Americas, 350 in Europe, and 440 in Asia. Wal-Mart employs a very large workforce, it has over 2 million employees, and the number is gradually increasing. Wal-Mart has adopted advance mean of technology to help it run its operations, this methods helped the growth of the company. But can Wal-Mart continue with the same level of growth.A company needs to maintain growth, and to Wal-Mart a reduction in the level of growth would be a cause of concern for the company’s stakeholders, because growth has a competitive a dvantage for Wal-Mart ever since it started. But in the saturated business of retail can Wal-Mart sustain the levels of growth anymore. SWOT Analysis Can Wal-Mart maintain the level of growth it has seen any longer? The company has made a reputation on the bases of their growth can they keep it up, to answer that we need to conduct an analysis of the company and see elements that could determine this.A SWOT analysis would give us the needed insight. Strengths Wal-Mart is the largest company in the world; it has large volume of sales and operates over 500 stores worldwide, with 100 million clients a week. Wal-Mart has a great standing in the domestic market based on the low pricing methods they have used. Wal-Mart can change their formula to fit the market. (stores, supercenters, sam’s club, and neighborhood markets) Wal-Mart utilizes the latest technologies in inventory management to control their large inventory, and they have a wide range of products reaching over 100,000 i tems.Weaknesses Wal-Mart has faced criticism regarding their management of human resources, including accusation of the use of child labor, low pay for employees by industry standards, lack of benefit like health care, and reliance on temporary workers to lower their cost. The huge size of the company causes issues, like in the case of acquiring international ventures and integrating then in the Wal-Mart system. Despite its size it has a week presence and brand image in the international market. OpportunitiesWal-Mart has a competitive advantage over its rivals; their incorporation of the latest technologies in their daily operation increases the efficiency of these operations and saves them some money while trying to enter new markets. So they would have an easier time that their rivals. Wal-Mart can further expand into Europe and Asia, both huge markets that Wal-Mart have not began to fully pursue. Wal-Mart can use their adaptability and introduce cultural clusters products. For ex ample utilize the model that worked in Mexico in Latin America. ThreatsThe market is saturated, and Wal-Mart faces intense competition in both domestic and international market. Also they face competition from specialty stores. Wal-Mart faces different laws by different countries that force it to change it methods. For example being forced to unionize the workers in china under pressure from the government. Summary Wal-Mart faces several challenges in order to sustain the levels of growth it has experienced. But it is possible Wal-Mart to grow further. The company has to use the opportunities that are present to it.They can pursue international markets more aggressively, expand in under developed markets, and continue to incorporate technology to increase efficiency and reduce costs and delays. Wal-Mart could also begin appealing to the niche markets by introducing and focusing on some special products. Question 2- What would be the limits of that growth? Introduction Growth is an e ssential an essential aspect of every successful corporation, and Wal-Mart in particular has made it their trademark. The rapid growth and expansion has been a competitive edge for Wal-Mart since the beginning of its operation.However, as previously mentioned, for how long can the company maintain this level of growth? Wal-Mart’s domestic market in the United States is already saturated and they face heavy competition as well, therefore, it is logical to assume that Wal-Mart’s options lies in its international ventures. The company has started to successfully dominate several foreign markets, especially in Mexico, Canada, and to some degree, the United Kingdom, at the same time, it remains absent from other regional markets in Europe and Asia.These unused markets would be the next step for Wal-Marts’ expansion, and their ability to cultivate those opportunities would be the key factor that would determine the limit of their growth. When a company ventures into i nternational markets and unfamiliar cultures, they could face challenges that exist in adapting and changing to fit the culture. In addition, there are always external forces that would affect the growth potential of a corporation, and these factors are usually beyond the corporations’ control.So in order to determine the limit of Wal-Marts growth, we have to first analyze the external environments that would affect it, the analysis is named the PESTLE analysis of external forces. PESTLE Analysis The PESTLE analysis is a tool, used to examine the external forces that could affect a company or a corporation. This analysis tool would focus on six aspects which are the political forces, the economical factors, social elements, technological innovations, legal issues, and environmental considerations.Political Forces The political orders and systems differ from one country to another; they vary depending on the region you target. A company would be under the mercy of the politica l forces in each country it tries to enter; this will be a huge burden on companies and especially Wal-Mart. Since Wal-Mart prefers standardization methods, it would be a deviation from their successful methods of operation if they have to cater and change in every country they enter.To further elaborate, if Wal-Mart had to change in every country they entered, they would have to create different processes for every time they penetrate a new market, including, administration, training, and management. When it comes to growth, those factors could very well limit the growth of Wal-Mart in a new market or make it too expensive to be economically feasible. Economic Factors The economic cycle would obviously have a great effect on all aspects of any corporation. The economic booms encourage companies to expand, while the economic downturns force them to retreat.The effects of an economical downturn would limit or end the growth of a corporation, when a company plans to venture into new m arkets; they would have to take into consideration the type of economy they enter or the forecasted performance of said economy. Wal-Mart could expand into a market and be faced with an unexpected situation that would force it to cease operation, thus incurring a loss. Wal-Mart is in a constant state of expansion, so, suffering a loss in any of its fronts would reduce the profitability of the company and would damage future international expansion plans. Social ElementsSocieties differ from one country to another, the differences could be unimportant to a multinational corporation like Wal-Mart, or they could be severe enough that Wal-Marts would not be able to operate in that market. For example, Wal-Marts retail chain depends on low prices with low profit margins, but large volume of sales. That method could very well not work in other countries in which the society has different purchasing habits. The inability of a company to adapt to the social characteristics of a new country would severely limit their clients’ base in that country, or it could end their operations completely.Technological Innovations Wal-Mart has always utilized state of the art technology to gain a competitive edge, they have an integrated system of inventories that controls and monitors replenishing the stock in every store, this aspect dramatically increases the companys’ efficiency. Furthermore, the company is always looking for new technological ways to cut costs and increase efficiency. In the case of expansion into foreign markets, this vital aspect of Wal-Marts operation would be threatened.If a certain country does not have the infrastructure to support this kind of technology, Wal-Mart would lose that competitive edge in that market. As a result, the Wal-Mart model would not be fully usable in that market, which would decrease profitability and eventually limit the organizations growth. Legal Issues Laws that are different from one country to another could very w ell limit the growth of a company, by restricting certain aspects and eliminating others; they disturb the work flow of a company. These limitations forced by foreign laws are a major concern for an international company.Environmental Considerations The environment and the quest to maintain it has a great effect on major international corporations. Wal-Mart in specific, have had their run-ins with this certain issue, they have faced criticism and limitations in several countries due to a wide range of basis. Issues such as building stores on historic sites, or selling products that used wood from protected forests are issues that have more than once halted the expansion of Wal-Mart. Summary As seen, the company has no choice but to seek new markets to keep expanding, the growth rate could not be sustained in the US retail market.The limit of the Wal-Marts growth would be their abilities in penetrating international markets, and how they deal with the barriers that those external for ces push them into. Ultimately, it would come down to flexibility and willingness to change from the companies’ part. On the other hand, Wal-Mart can recreate its amazing growth performance in its domestic market by fully analyzing all the possible external forces that could have a hand in limiting their growth and formulating the strategic plans that would allow them to carry the essence of their successful model into new markets, even if it was in a new form.Question 3- Did Asia and Europe offer Wal-Mart real opportunities for international market dominance? Introduction One of the major aims of any company is growth; they seek to expand their market share or client base or any of the several elements. Eventually, the growth is their goal, due to that fact that when a company stops growing it gives the image of trouble to its stakeholders. Companies will at some point have to consider exploring new markets, these markets would most likely be outside the companys home countr y.Expansion into a foreign market offers many advantages to companies and is very appealing to most of them, however, it is important that all corporations carefully analyze the environments that they are about to enter. In these foreign markets, there could be forces that if ignored could cost a company greatly. Wal-Mart is not new to international expansion and they already operate in several countries. Despite that fact, Wal-Marts performance in some international markets did not match their extraordinary domestic growth.To better understand those reasons, we have to analyze the environments that Wal-Mart ventured into, as well as the forces they faced. Porters Five Forces The Porter Five Forces is a tool used to analyze the competitive environment in any industry in order to determine the level of threats that the company faces. Porter categorized the threats into five headings. Threat of new entry Wal-Mart is in the retail business and more specifically the discount retail indu stry, the threat of new entry is low to medium.Wal-Mart is a well established company that has mastered the processes and has set up highly efficient operations, especially their distribution networks. Threats on this level is low due to the barriers that a new competitor would face in order to compete against Wal-Mart. This point is at its strongest in Wal-Marts domestic market, the situation is different when Wal-Mart ventured abroad where Wal-Marts lesser presence acts against it, but even then, Wal-Mart could enter the market and use its pricing methods to successfully obtain a share in the new market. Threat of RivalryThis threat is medium to high; Wal-Mart has a lot of competitors in both domestic and international markets and as a result of Wal-Marts nature, it has a large number of competitors. Wal-Mart faces intense competition from organizations such as Target and Best Buy, each of those companies are a threat to Wal-Marts dominance in the market. In the international fiel d, Wal-Mart faces competition from well established multinational corporations like Carrefour, the level of competition that Wal-Mart faces abroad is significantly higher due to their weaker presence in those markets. The bargaining power of customersThe bargaining power of customers is how much of an effect can the reaction and interaction of customers have on the strategies that companies use. This force is medium, while it is true that customers would have a wide range of choices and options to choose from other than Wal-Mart, the company possesses the characteristics that attracted people to it in the first place, that aspect being convenience. A single individual/customer would have no bargaining power if he/she sought the convenience of having everything in one place; however, customers that have specific needs would simply go to another store for their purchases.The bargaining power suppliers Wal-Mart sells general items in addition to some of its own product lines; they are a dominant force in the domestic US market, which means that suppliers have very little bargaining power over them. As a dominating force, Wal-Mart can move from one supplier to the other very easily, and with the massive variety they have, they can afford to remove some products. Larger companies that deal with Wal-Mart have somewhat more bargaining power, but in general, Wal-Mart is safe from this threat. Threat of substitutesThis threat could be viewed from two different perspectives, if you consider that Wal-Mart has been selling general products, then it is easily changeable, however, if we look at it and view that the convenience of having everything in one place combined with low prices is Wal-Marts main product, then this threat is very low. There are very few places that could even offer a similar level of convenience. Summary Wal-Mart has different situations in Europe and Asia. In Europe, Wal-Marts methods were successful in the UK, but less so in other parts of the conti nent.They faced stiff competition and the unfamiliarity of some of those markets played a role in limiting their dominance. In Asia, their situation is rather different; many of the Asian countries are ones that have developing economies. Wal-Marts low price strategy and their ability to function with low profit margins will enable them to establish themselves in those markets. Question 4- How could the company take advantage of its global reach to propel itself through the years to come? IntroductionFew companies can successfully expand to the extent that Wal-Mart has; the companys growth has been extraordinary to say the least, however, taking into consideration the companys size, Wal-Mart has a weak international presence. It is true that Wal-Mart has hundreds of stores operating outside its domestic market, which gives it a certain level of international reach. By strengthening their presence in foreign markets, they are lowering their risks and also increasing their profitabili ty.When a company operates in many different markets, the risk of an economic downturn is less severe since the company would not depend on only one market for its profitability. Moreover, foreign markets are opportunities for growth and untapped potential. Wal-Mart could use their presence in foreign markets to grow and penetrate other close by regions. By going international, the company guarantees their presence in several markets. Companies need a strategic plan for the future, without it they have no hope of maintaining any success they might have had. Strategic PlanningStrategic planning is a process in which every company plans what to do for the future; the process requires that the company have clear goals and understanding of themselves. Wal-Mart is a company that has been well aware of this process, the organization has built its name by focusing on providing items at low prices, in technical terms, and they are following the generic strategy of cost leadership. Wal-Mart aimed to be the competitor that attracts clients on the basis of low cost, despite having a wide range of products, Wal-Mart appeals to its clients’ base with their low prices.After going international, Wal-Mart attempted to immolate the formula that led to its success. However, they were faced with difficulties stemming from the cultural and social differences between its domestic market and the foreign market. Wal-Mart partially overcame that obstacle by abandoning the strategy of standardization, and adapting a flexible mean of market penetration, they have on several occasions changed their store formula to fit the local image.Wal-Marts success overseas could almost entirely be attributed to its ability to formulate their stores around local concepts by partnering up or buying out well established local chains, thus, not forcing a clash with the American image of Wal-Mart. Summary Wal-Mart has a dominating presence in their domestic market and a strong presence in several other countries. The company can use that global reach to sustain its growth for many more years to come by using the strategies that made it succeed in the first place and applying them to those new markets.This feature backed up by the companys ability to adapt to differences from one country to another would help make the penetration of the new markets run smoothly. Moreover, the global reach would allow it to make use of the ideas and resources of their partners in those markets, the ideas could benefit Wal-Mart in the fact that they could transfer it to other markets without the need of creating entirely new models. Read more: http://www. ukessays. com/essays/management/how-could-wal-mart-continue-its-extraordinary-growth-management-essay. php#ixzz2NFqxWBIn
Subscribe to:
Comments (Atom)