All Quiet on the Western Front3 essays

All Quiet on the Western Front3 essays All Quiet on the Western Front is a thought-provoking work of fiction by Erich Maria Remarque. This novel is the testament of Paul Bumer, a German boy convinced to enlist in the German Army and his subsequent experiences in World War I. After enlisting with the rest of his class, Paul learns to live a life of war. Initially he, like his classmates, was full of enthusiasm. Over a period of several years, however, Paul comes to see the world differently. He witnesses the suffering and horrors of war. In the trenches of the front line, he learns how war ruins and destroys the mind. In the beginning Paul belonged to a group of eight friends within his company; he is the last to survive. After suffering through their pain, Paul is wounded as well, and sees the suffering of those in the hospital. As he learns the nature of war, he is deeply saddened, especially for his own generation. The generations older than his had lives they left before the war, and will return to if they survive. The generations younger than his own will never know the war, and will live their lives peaceably. His generation has known nothing of life but death, and those who survive the war will be ruined men. Even as he realizes this tragedy, Pau l himself becomes a ruined man, and in the moving ending he is shot down. Remarque has mastered language and bent it to his will; he was very successful in presenting his ideas. He has represented well the conflict of a young man living and eventually dying in a desperate situation. As a result of Remarques mastery of language, the book packs a good deal of power. One example of this is the final paragraph: He had fallen forward and lay on the earth as though sleeping. Turning him over one saw that he could not have suffered long; his face had an expression of calm, as though almost glad the end had come. In addition to his lingual artistic abilities, Remarque also has a rather differ...

Benito Mussolinis Rise and Fall to Power Essays - Italian Fascism

Benito Mussolinis Rise and Fall to Power Essays - Italian Fascism Benito Mussolinis Rise and Fall to Power History Benito Mussolinis Rise and Fall to Power Benito Mussolini had a large impact on World War II. He wasnt always a powerful dictator though. At first he was a school teacher and a socialist journalist. He later married Rachele Guide and had 5 children. He was the editor of the Avanti, which was a socialist party newspaper in Milan. Benito Mussolini founded the Fasci di Combattimento on March of 1919. This was a nationalistic, anti liberal, and anti socialist movement. This movement attracted mainly the lower middle class.1 Fascism was spreading across Europe. Mussolini was winning sympathy from King Victor Emmanuel III. Mussolini then threatened to march on Rome. This persuaded King Victor Emmanuel III to invite Mussolini to join a coalition, which strongly helped him gain more power. Benito Mussolini brought Austria on Germany's side by a formal alliance. In 1937, he accepted a German alliance. The name of this alliance was the Anti Comntern Pact. On April 13, 1937 Benito Mussolini annexed Albania. He then told the British ambassador that not even the bribe of France and North Africa would keep him neutral.2 The British ambassador was appalled and dismayed. On May 28, 1937, Mussolini strongly gave thought to declaring war. He then attacked the Riviera across the Maritime. On September 13, 1937 he opened an offensive into British-garrisoned Egypt from Libya.3 On October 4, 1937, while the offensive still seemed to promise success, Benito Mussolini met Adolf Hitler at the Brenner Pass, on their joint frontier. The two of them discussed how the war in the Mediterranean, Britains principal foothold outside its island base, might be turned to her decisive disadvantage. Hitler suggested to Mussolini that Spain might be coaxed on the axis side, thus giving Germany free use of the British Rock of Gibraltar, by offering Franco part of French North Africa, and that France might be persuaded to accept that concession by compensation with parts of British West Africa.4 Mussolini seemed enthusiastic and very understandable why this was the case, since this scheme included the gaining of Tunis, Corsica, and Nice (annexed by Napoleon III in 1860) from France. Hitler then hurried home to his house in Berlin to arrange visits to Franco and Petan. Back in the capital Hitler created a letter to Stalin inviting Molotov, the Soviet Foreign Minister, to visit early, when Germany and the U.S.S.R. might then agree among themselves how to profit from Britain not having a defense. A week later, on October 20, he left in his command train, Amerika, to meet Petan and Franco. The meeting with Franco took place on October 23 at Hendaye on the Franco-Spanish frontier.5 It had become quite famous in the history of World War Two for Hitlers furious parting shot that he would rather have three or four teeth extracted from than go through that again. Franco, who was greatly supported by his Prime Minister, Serrano Suner, stonewalled throughout the hours towards negotiation with Franco. When his train left at two in the morning, Hitler had not advanced an inch towards co-belligerency with Franco. Petan met Hitler on October 24, and proved to be equally unresponsive. Petan convinced Hitler that they had a meeting of minds. Petan had only agreed to a promise to consult his government, Hitler decided to make a bigger deal out of it and believed that they were united in a productive hostility to Britain. Hitler now had the outlines, despite Francos struggle, of a larger coalition war to present to Molotov at his next visit. When Hitler was waiting for the Soviet Foreign minister to come, he was distracted by the weird behavior of Mussolini, who then chose to mount an attack from Albania (occupied by the Italian army in April 1939) into Greece.6 Mussolini said that he was motivated by the fear that the British would establish positions in Greece if he did not. He had good strategic reasons for wishing to deny them naval and air bases any closer to his own along the Adriatic that those who already possessed in Egypt and Malta. He attacked Greece in October, 1937.7 Mussolini's participation in the Battle of France aroused the derision of neutrals and enemies. He was determined to win in Greece his share of the laurels which had fallen in a not proportionate number to the Wehrmacht. The failure of Mussolini's invasion of Greece greatly upset Hitler as he waited Molotovs arrival. This not only messed up his scheme to change the Balkans into a satellite zone by peaceful diplomacy; it was also

Case study Assignment Example | Topics and Well Written Essays - 250 words - 15

Case study - Assignment Example Some basic product lines sold by TerraCycle include picture frames and line of clocks. Material which is conventionally considered non-recyclable like vinyl records is used to introduce new products. Bags also form an important product line which is pretty long. Bike pouches made from energy bar wrappers form an important constituent of this line. At this stage of the company’s growth, product line extension would make more sense for TerraCycle to stay ahead of the game and gain a competitive edge over rival organic manufacturers. The current products are topnotch and very reliable, but more variety is needed to fuel the business and address needs of a diverse line of customers. It should be remembered that the present day business environment is fiercely competitive. How well do TerraCycle’s bottles perform the four packaging functions discussed in this chapter? Compare TerraCycle’s products to Miracle-Gro’s (www.scotts.com). Do you think TerraCycle’s package design distinguishes their products well enough from those of the industry giant, or are they similar enough to cause customer confusion? TerraCycle does not distinguish its products well enough from those of the industry giant, the Scotts. This is why the Scotts had to sue TerraCycle for copying their labels and advertisement techniques. TerraCycle finally reached a settlement with its rival company and agreed to modify its packaging. Though the package design is not similar enough to cause customer confusion, it nevertheless hurts the

Financial Management Principles And Applications Essay

Financial Management Principles And Applications - Essay Example Long-term liability requires the payment of interest in pre-agreed periods which requires Beta to have enough liquidity to cover immediate payment of interest when it becomes due. Capital from shareholders can also be considered. This is advantageous since Beta will not be required to pay any dividends. However, issuing new shares require the company to undergo certain processes which can delay acquisition. After analyzing the advantages and disadvantages of utilizing different financing schemes, it is recommended that Beta raises fund through long-term debt. This is in consideration of the above discussion in addition to the fact that it already has a quite high level of funds from shareholders. b. An organization's trading profit and loss account showing the revenues or funds generated the entity compared to the costs and expenses incurred in its operation. In most companies, it starts with the revenue generated where the expenses are subtracted. The last line shows its net profit for the fiscal period or for listed ones, the return to its stockholders. This financial statement is often the most popular one as it is used by creditors, stockholders, and even ordinary consumers. Entities considering to provide financing for the company also often gauged profitability and ability to pay based on profit and loss account. The balance sheet shows an entity's resources and how they are financed. The organization's assets and liabilities are often listed based on their liquidity, that is, on their capacity to be converted to cash easily. Balance sheets are often scrutinized by creditors and stockholders, the major sources of financing for the company. Balance sheets provide information about the company's level of leverage which informs stockholders and creditors about their share in the company's resources and the riskiness of investing in the company.

Porters Model Essay Example | Topics and Well Written Essays - 2500 words

Porters Model - Essay Example In fact, Porters theories base on the economic situation in the eighties. This period was characterized by strong competition, cyclical developments and relatively stable market structures. Porter's models focus on the analysis of the actual situation (customers, suppliers, competitors etc) and on predictable developments (new entrants, substitutes etc). Competitive advantages develop from strengthening the own position within this Five-Forces-Framework. Hence, these models cannot explain or analyze today's dynamic In fact, digitalization, globalization and deregulation have become powerful forces during the last years, but Porter's models rarely take them into consideration. Today's markets are highly influenced by technological progress, especially in information technology. Therefore, it is not advisable - if not to say impossible - to develop a strategy solely on the basis of Porters models. Shapiro and Varian explain in their book "Information Rules"that the economical laws that apply to products and services cannot be simply transferred to the new category information good. Production, marketing etc are different for products and services and, hence, are different for information too ". Moreover, the latest shift from dot-com-hype to dot-com-crashes has given evidence that the basic laws of economics are viable for the new economy or information economy too. Even in the eighties, it was not advisable to build a strategy on nothing but Porters models. Every strategy should base on a careful analysis of all internal and external factors and on their potential future development. This is no new insight. Michael E. Porter is an economist. His Five Forces model is based on microeconomics. It just describes them in a more understandable way. Porter talks about the attractiveness of an Industry that is influenced by the shape of five forces. In economics, the constellation of factors determines issues like profit maximization or supernormal profits. Porter's Model and Micro economics Porters Five Forces Areas of Microeconomics Bargaining Power of Suppliers Supply and demand theory, cost and production theory, price elasticity Bargaining Power of Customers Supply and demand theory, customer behavior, price elasticity Rivalry between Existing Players Market structures, number of players, market size and growth rates Threat of Substitutes Substitution effects Threat of New Entrants Market entry barriers Source: Primary Michael Porters models do not have the influence they used to have any more as the economic model has changed to Internet economy in the past decade. Now with the emergence of Global companies and Dot Com companies, considering only the economic perspective for a nation's advantage or corporate strategies or the growth and development of industrial clusters is not sufficient. New economic laws came up and other drivers started to transform markets. Drivers transforming Markets beyond Porter's Model: Digitalization: As power of information technology grows, all players in a market will have access to far more information. Thus, totally new business models will emerge in which even players from outside the industry are able to vastly change the basis of competition in a market. The rise of electronic shopping malls, operated for instance by telecom operators

MSD Construction Business Plan Analysis

MSD Construction Business Plan Analysis The analysis of MSD business plan Introduction The paper is about MSD Construction Company own by an Omani citizen Mr Mujahid Al-Zadjali.it specialized in providing services including concrete fabrication, utilizing framework, concrete placement and excavation. It focuses on commercial as well as residential clients. It aims to become the leading contractor by providing high quality services with affordable prices. This paper is about analyzing of the business plan for MSD. It will evaluate whether the plan is suitable for the firm to achieve their long-term goals. This assignment will be organized as follows. First, it will highlight the owner-personal quality and the skills he possessed. Then, the organizational structure and management skills and duties will be evaluated. Later on, the company product-market will be discussed. It also will discuss about its market and pricing strategy. Next, it will focus on competitive environment and their strategies. Then, the financial performance of MSD will be analyzed. After the analysis of financial statements, the paper will analyze the SWOT of the company. In conclusion, there will be a brief summary about the case and recommendation for MSD to improve their business plan. 1.0 Personal Quality of the owner manager Mr. Mujahid AL-Zadjali is capable to run his own construction business as he has 5 years experience in the field. In addition, he possesses a variety of skills that are required in running this type of the organization, such as marketing, time management and cost control skills. In addition, these will help assists him to solve the crises in future. The business plan had not mentioned whether he has IT skills which are important for all business. Based on the business plan, the owner is willing to hold liable for all debts and obligation related to company. He also established long-term planning for the organization. These all indicate that he is self-motivated and emotionally strong to face all the business risks. Also, it means that the owner definitely desires to growth his business. The objectives of the entrepreneur are to develop infrastructure for long-term planning and to achieve regular profit yearly. Furthermore, it aims to provide quality services at affordable cost to its customers. Another objective of the company is to provide health and safety work environment to its employees. The owner of the firm has adopted leadership style based on responsible and mutual respects between the staff. This is one of the ideal characters for this construction company as there are many technical works have to be performed by specialized employee. 2.0 The Management Team The business already had management team which consists of two administrative assistant and general manager. However, there are not sufficient numbers of management in the team. It should include human resource manager to accomplish the safety requirement on the job and high quality of services. The company should also appoint stock manager to manage in-coming and out-going materials for the constructions. In addition MSD did not appoint proper manger for preparation of the financial statements as it kept in position the administrative assistant with marketing and public relation background. It should hire manager that is specialized in accounting and finance. According to the management team that mentioned in the business plan have adequate mix of outside experience. For example, Ms. Jaya is an administrative assistant has excellent organizational and managing office crisis skills with 25 years of experience in accounts payable and receivable. Except for Mr. Varma which has seven years experience in marketing and public relation but which is not adequate for accounting job. The company set a goal to build an infrastructure for organizational structure but seems it does not applied yet proper organizational chart. It did not mention a detailed organizational structure and who should report to whom. It should clearly set up structure with staff position and duties. The business plan has not mentioned if there is any delegation of authority between staff. They have to plan a proper delegation strategy and to inform staff about it in order to be aware of the responsibilities that are transferred to them. There are no monitoring procedures to check the performance of the employees. The company had to have performance measurement to evaluate how the staffs perform in their duties. The organization philosophy is based on job responsibility and mutual respect between staff. The staff should follow this organization culture to achieve the companys common goals and objectives. MSD consider its employees as it provides health and safety work environment within the concrete industry. Moreover, it trains its employees adequately on the industry work. Although these are satisfying staff, there is probability of cost increasing of the company especially overhead expenses. 3.0 Product-Market Offering The construction company had set target market by supplying its services to both commercial and individual customers. It provides road construction and dirt work for commercial customers. It also provides house slabs and driveways for residential houses. Moreover, it provides concrete fabrication services for both residential as well as commercial customers. The business plan although highlight the services that provided to clients, it did not mention the types of services that are preferred by the clients. It should have a detailed investigation of customers needs to satisfy their requirements. MSD adding-value in their products through provides certain benefits to its clients including solid foundation, long lasting and safety and high quality products with cost-effective prices. Therefore, the clients can enjoy living at their house and feel safety. According to the statistics in business plan the demand of single-family units has been increased by 12% and 1.5% for multi-family units in 2001. This indicates that there is market space for MSD products and services. However, the statistics are out of date and the company should rely only on the recent data. The firm has knowledge of the industry and competitors as it knows that the market is in growth position and the competitors strength and weaknesses, such as Julfar and Bahwan Company. These all will assist firm in having resistance against any reaction by the competitors. The products and services of the firm are well-constructed and durable with high quality but at reasonable price. Therefore, it leads to low maintenance requirements. In addition, it ensures that their products are saved and approved by Muscat Municipality and Ministry of Electronic and Water Resources before providing to customers. This indicates that the company has shown the value of their products for prospect customers. Bahwan and Julfar are well known brand with many years experience in construction services. They have an exemplary skill in customer relation management which enables them to retain their clients. Besides that, they have marketing skills and database resources that create obstacles to MSD to become market leader. Construction Company is trying to stay close to customers by gathering all its services in head office (AL-Khuwair) and it provides 24 hours call centre as a facility for customers if they face or to complain about any problems. In tight economy and high competition, MSD planned to design a unique strategy to keep the cost at reasonable level with high quality of products. It also verifies calls in accordance to their circumstances and then transfers these particular calls to proper department. It can be cost leadership firstly by attempt to gain more market share than its competitors. Then, the cost will be automatically reduced by distributing fixed cost in wide range of products. 4.0 Competitive Environment Based on business plan there are no indicators of whether some of elements will affects the construction industry, such as economic stability and customer needs. MSD firm had collected only some information regarding to its competitors. This include as follows: * Operating method. The competitors using high quality services with reasonable price. These prices will gradually decrease up to the current market price without reducing in quality. * Market strategies. In order to retain their clients, they hired customer relation management for this purpose. On other hand, MSD did not find information related to competitors including size and profitability. It should get some statistical data about the competitors profit, their market shares, number of employees, number of branched and so on. The entrepreneur did not identify of the future marketing mix strategy of the competitors. It also did not investigate of whether the rivals have planned to develop new products for the future. The companys objective if the competitors develop new products or provide new services. It might be the latest one to possess these products or services and these possessions might already reach at their maturity level. MSD should at least try to gets some information about the competitors (through analysis current market strategy of the rivals to predict its future plan) in order to find proper reaction against its competitors to keep their objectives achievable. The company did not have a unique resources that makes it difference from the competitors to attract clients. It should have something that allows them to be differentiating from other. For instance: providing free maintenance after sales. 5.0 Financial Performance * Financial Statements figures The analysts found certain errors in the MSD financial plan. In its projected income statement the amount of retained profit that desired by MSD is same as the break even. Therefore, the firm should make more profit to achieve its target. Moreover, the retained profit for the year 2007 was wrongly calculated. The amount after deducting provision for tax and legal reserve should be R.O 21,000 instead of R.O 42,600. This error affected the rate of some ratios like net profit and ROE. In projected balance sheet of the firm two issues were found. First, the fixed assets were relatively low. The companys fixed assets balance should be higher due to heavy machinery and building that it possessed. If we assumed that most of its fixed assets is in form of leasing, it did not mention in the F.S. secondly, in 2008 the F.A was significantly low compare to previous years. About the projected cash flow, there is one mistake has deducted. The advance pre-payment have to be ‘nil instead of negative balance of R.O 5,000 as it is constant every year. The business plan also includes the calculation of ratios. In calculation of interest cover, MSD did not mention the amount of interest or the amount of loan that will enable it to calculate the interest. There is a financial charge in income statement but it represents beside interest other items, such as transaction fees and cost of credit. Thus, it will mislead all the stakeholders who depend on the statements. * Financial ratios analysis However, the analysis of the ratios was based on the given statement except for 2007 where it calculated after the amendment of net profit. a) Performance ratio: Return on shareholders funds. 2006 2007 2008 22.5% 14% 29% The profit available to owner had been decreased in 2007 by 8.5% but it increased again in 2008 15%. This is because the profit after tax decreased in 2007 and then increased again in the following year. According to the plan the net profit is fluctuated every year. This indicates that company does not have adequate plan for uncertainty. Return on capital employed 2006 2007 2008 25% 33.33% 35% ROCE had been increased continuously every year. It is because the profit before interest and tax increased yearly. This mean the company situation is continually improving and willing to pay its debts. However, long term debt had not taken into account as it was not available in projected balance sheet. This lead to inaccurate identifies the percentage of profit available to pay its debts. b) Profitability ratio: Gross margin 2006 2007 2008 34.84 33.48% 33.33% The projected income statement shows that gross profit has been slightly decreased from 2006 to 2007. This is due to the increasing in cost of sales and the revenue did not increase at the same level while it remained almost same in 2008. MSD should investigate the reason of such decreases as it may affect he net profit in future Net profit margin 2006 2007 2008 17.42% 18.52% 19.40% Although the gross profit had been decreased, it can be noticed that the net profit is increasing every year. The reason for increasing is operating expenses has been increased at acceptable level which let retained profit to reflect the increasing in sales revenue. The total expenses were increased from 2006 to 2007 by 1.13% (27,000/24,000) whereby retained profit had increased by 1.58% (42,600/27,000) for same period. c) Asset efficiency ratio: Debtor turnover 2006 2007 2008 177 days 143 days 155 days The debtor collection period has decreased in 2007 by 34 days and it increased again in 2008 by 12 days. However, it is still considering high. (Further explanation in III) Creditors turnover 2006 2007 2008 74 days 88 days 76 days Average payment period to MSDs suppliers is 79 days whereby average collection period is 158 days. Company might face problem in cash flow because it pays to supplier before receiving from customers. It should make sure that the money collected earlier than the payments although customers may not like it otherwise the firm will suffer to pay to its suppliers. If this situation is continued, the suppliers may not renew the contract or may ask the firm to pay on delivery. d) Liquidity ratio: Current ratio 2006 2007 2008 5.36:1 4.18:1 4.78:1 The current ratio of the firm has been decreased in 2007 and 2008 compare to 2006 but it is still at acceptable level. This is probably because the current liabilities in 2006 are less than in 2007 and 2008. MSD attempted to ensure that its current ration did not fall below 4:1. Quick ratio 2006 2007 2008 3.79:1 2.76:1 3.27:1 Again, the current liabilities in 2006 are more than in next two years. It was noticed that the inventory was less in 2006 than the inventory in following years. MSD should ensure their inventory level should not increase further otherwise it might face difficulties in cash flow. e) Gearing ratio Interest cover 2006 2007 2008 21 times 26 time 29 times The interest coverage of less than three times is considering low. It can be seen that the interest cover is increasing every year from 21 times in 2006 to 29 times in 2008 which is good news to company. The reason behind this increasing is the profit before interest and tax is greater in 2007 and 2008 than in 2006 regardless of increasing in total expenses. * Sensitivity analysis The following table will help to calculate the sensitivity to profit. 2006 2007 2008 R.O000 R.O000 R.O000 Sales 155 230 300 Less: Material cost (101) (153) (200) Less: Labor cost (8) (9) (10) Contribution 46 68 90 Less: Fixed cost (16) (18) (20) Net profit 30 50 70 I) Calculation of sensitivity Since the plan had not given clear figures for calculating sensitivity of the project, we had assumed the following: * Cost of sales had been taken as a material cost. * Staff salaries as a labor cost. * Other expenses had used as fixed cost. 2006 2007 2008 Profit to sales 19% 22% 23% Profit to material 30% 33% 35% Profit to labor 375% 555% 700% Profit to fixed cost 187% 278% 350% It had found that sales were the lowest percentage among the others. Therefore, it was more sensitivity to profit. It means that the sales will affect the profit more than other element if it decrease or increase. II) Calculation of BEP Profit to BEP (in value) = sales*(F.C/contribution) 2006 2007 2008 R.O54,000 R.O61,000 R.O67,000 The company had to sell an average of R.O54000, R.O61000 and R.O67000 in 2006, 2007 and 2008 respectively in order to cover all of its expenses. III) Margin of safety 2006 2007 2008 65% 73% 78% The company can allow its sales to decrease by 35%, 27% and 22% in 2006, 2007 and 2008 respectively without incurring any losses. 6.0 SWOT analysis of MSD construction * Strength: MSD provides quality construction services by providing an honest, fair working relationship with residential and commercial clients, subcontractors and sales people. Since the biggest concern within the concrete work industry is the health and safety of its employees as well as the customers. Also, it developed a comprehensive infrastructure designed, long term planning with a safety policy and secure company. They did good analysis about the strength and weaknesses of their competitors. The company management has different facilities which enhance them to perform better such as, experience and qualification in different areas in the market started from the owner. The ability of company to provide superior quality services at highly competitive and guaranteed price. * Weaknesses: There is no clear organizational structure of the company. They dont have a famous brand name yet. Also, they focus only in few department and duties. Moreover they did wrong calculation in different areas like in concrete work and in single-family housing construction. In order to overcome these weaknesses, MSD should create additional departments, such as IT and human resource department. Furthermore, it should hire financial analyst to analyze market accurately. * Opportunity: The owner and his management team are highly experienced and qualified in construction work. The growth in population, demand increase in construction and increase in government projects will help them to survive. Also, competitors have high overhead expenses, bad contractual terms with its key suppliers that often delay particular project and because of that they are losing some of their strategic partnership with significant firms. * Threats: MSD faced strong competitors with strong capital and shares, which they already in the market and they have high construction services and distribution quality at very competitive price. The competitors have exemplary skills in customer relationship management and leading marketing skills with efficient database management. In pricing strategy the competitors seems to be the expert in the field by offered reasonable price with high quality for a year and then slowly moves it down to compete with current price in the market. Government regulation to apply omanization which could lead to high cost and the labors May not have a good experience. MSD can merge with other construction company to get extra capital for competing with competitors. It can build its own IT department to process the data efficiency. It should have proper procedures for recruitment so it can minimize after employment cost. Conclusion and Recommendation This paper had analyzed the appropriateness of MSD business plan. There were some issues against the plan that is necessarily to succeed the business. Some of importance investigation had not carried on, such as competitors strategy. On other hand, there were some incomplete statements and improper collection of market statistic. Moreover, the firm F.S had included errors that would affect its financial goals. In addition, the company did not have PEST and Porters five forces analysis of the industry. These missing statements will lead to business failure. If it is plan to propose their business plan to the any of financial instruments to seeking loan there is potential of rejecting this proposal. Recommendation MSD should review some of its plan, such as market statistic and attempt to get more accurate data. Beside the correction of data, it should also collect significant data like competitive market shares, profit and the size. In addition, it should collect information about competitors Porters five forces. It had found that some of the management holds inappropriate position in accordance to their qualification and experience. The firm should review this and try to appoint right person for the right job. It should also hire some additional managers in management team, such as human resource manger and stock manger to implement the companys strategies.

Rent: The Musical Essay -- Rent Musicals Descriptive narrative Essays

Rent. To most people it is associated with an apartment, house, or another object. This word rarely conjures pleasant memories, but more often annoyance and stress. However, when someone mentions rent to me, my mind races to some of the most memorable experiences in my life. When I hear the word Rent, I immediately see an eclectic Broadway production, overflowing with talent, adventure, and magic. I picture scantly clad actresses, strutting across the stage. I envision stunning duets and thought-provoking lyrics. That single word transports me to a different time and place. In order to adequately depict my feelings, I must start at the beginning. In the fall of 1996, I embarked on my maiden NYC voyage. Armed with a camera, city guide, and my little sister, I headed for New York to discover myself. As I began this adventure, I had no idea how it would end. When I landed at JFK I was a little girl, trying to have some fun, but by the time I boarded the plane to head home my world had changed. We began with the typical touristy attractions; the Statue of Liberty, Ellis Island, Soho, Central Park, and shopping. We had been planning this trip for months and had poured over every detail. From the time the plane landed, we were living by a minute-to-minute schedule. This was a well organized trip and The Great White Way was not on the agenda. Or so we thought. Our second to last day in New York started like all the others. Breakfast. Shopping. Sites. Back to the hotel. However, upon returning to our rooms, my stepmother (who was escorting us on this journey) handed me three tickets. Across the top of them, it read: The Nederlander Theatre presents Jonathan Larson’s RENT. I was completely stunned and my ey... ... my sister and I returned to New York. Once again we made the trek to the Nederlander. We took our seats and relished the memories. While the cast was different, the affect was similar. It opened our eyes and renewed our appreciation for those that are different than us. I feel in love with it all over again. Even though I had seen the show in Indianapolis and Chicago, there was something about sitting in that theater that made it special. RENT is only a musical. It was written by a man that was passionate for life. Jonathan Larson took his dream and made it a reality for everyone that sits in the audience. That passion is the reason it remains one of the most influential productions in Broadway history. If it weren’t for his dream and devotion, it would not be what it is today. That passion is what changed my life and the lives of thousands of others.