Competitive Environment and Digital Strategic Posture Influence

Question: Discuss about the Competitive Environment and Digital Strategic Posture Influence. Answer: Introduction A strategic analyst can identify and analyse the trends of industry. He can efficiently determine how to optimise the performance of an organisation. As per the statement of Luo et al., (2015), it can be stated that effective business strategy, which is developed by the strategic analyst can maximise the profitability statement of the organisation in case of the expansion of the business in the other country. As a result, the organisations can stay competitive in the market of another country. In addition, it can be mentioned that strategic analyst would be able to measure and analyse the performance of the clients of the organisation. Therefore, it can be stated that strategic analyst implemented new business strategies in order to achieve the major business goals. This report will highlight how the strategic analyst evaluates the external issues, which have faced by Moose toys. The manufacturing operation of Moose toys is at China and how the stakeholders will face from the external and the internal issues of the country. Lastly, this study is also benefitted to identify the stakeholders of Moose toys and how the shifting of business in China will influence the activities of the stakeholders. Evaluate the external issues In order to discuss, how the external factors influence the performance of Moose toys in case of moving the business into offshore, it is necessary to identify the stakeholders of the organisation. The stakeholders of Moose toys are the consumers, employees, unions, suppliers, shareholders and the investors, media, business partners and the government of Australia. Each of the organisations has been suffering from several external business issues. Shapiro Varian (2013) mentioned that even the monopoly firm, who has the superior power in the market, also requires to focus to the external factors. These externals factors are such as political, technological, social and the economic, which are necessary to discuss in order to identify what issues are faced by the stakeholders in case of offshore business. Political issues: Moose toys is a remarkable name in the toys manufacturing industry of Australia, which aims to meet the necessities of the consumers. In this connection, Gentry Shen (2013) mentioned that the political environment of the targeted country will be affected by the political constituency of the country. Moose toys requires higher volume of electricity usage. They used several types of machineries and to run these machines the organisation required high voltages of electricity. However, Australian government did not give permission to use such higher volume of electricity in the production process. This arise a major shortage of electricity within the country. In addition, the organisation had to pay a huge amount of cost for the uses of high voltage electricity. Therefore, Moose toys are forced to shift their manufacturing operation in China. It is known that to shift a business to offshore, government intervention is necessary in case of making trade. Australian government is willing to make a greater relationship with China in order to boost up the trading relationship between these two countries. It is noted that China is engaged half a trillion dollar trade. This will boost up the countrys GDP. Therefore, the unemployment rate of Australia can be decreased. Although the unemployment of the particular organisation has increased, however, they could be employed in the other sectors. This will in turn influence the activities of the stakeholders. If the organisation improves their profitability statement, then the investors and the shareholders will like to invest in the business of Moose toys in order to return their investment from the business. Moreover, it can be observed that the business of Moose toys has developed as the foreign investors and the trading partners are willing to invest for carrying out the trading performance of the organisation. On the contrary, Rothaermel (2015) argued that political disturbances of the targeted country can reduce the organisational performance of Moose toys. This also prevents the investors to enter in the market in order to get lower rate of return. Therefore, the investors may suffer from the higher rate of risk of business failure. Although it is noted that Moose toys is at fairly stable position in the market of home country, therefore, the risk of organisational loss is not effective in Malaysia. Technological factors: According to Bharadwaj et al., (2013), China is known as the high tech economy. The rate of software piracy in china is around 90%. Using of greater and updated technology can increase the productivity of the company. In this context, it can be mentioned that the technology used in Australia in the toys manufacturing organisation is comparatively lower than China. Therefore, Moose toys has aimed to shift their manufacturing process in China in order to increase their productivity. However, shifting the manufacturing process in the other country has cut the labour of this organisation. Moreover, the cost of the machineries in china is comparatively lower than Australia. In case of higher cost of machineries would increase the price of the products. Therefore, the consumers feel reluctant to purchase the products from this organization. Social factors: It is known that consumers are the central source of revenue earning of an organisation. Therefore, Moose toys has aimed to give priority to the consumers experience in order to increase the sales and the profitability. The management of the organisation has recognised the changes, which arose in the social terminology of China, inferred that the consumers are willing to visit to the shop and also like to purchase the products. In addition, Moose toys set out the price of the products in accordance to their affordability. The company offers lowest prices of the products. The reason can be described as the production of this organization can be conducted in the cheaper rate. The wage rate of the labours in China is very cheap than the other nation, therefore, the cost of production has minimised. Economic factors: According to Morris et al., (2015), the economic factors such as lower employment and recession have a greater impact on the financial performance of the business entity. This would in turn lead the lower sales and the financial declining of the organisation. On the other hand, it can be added that due to global financial crisis, the financial performance of Moose toys has declined. On the other hand, China is the second largest economy in the world. In this context, it can be stated that if Australia will suffer from financial deficiency in future, however, China will not be affected from this issue. Therefore, the manufacturing process will not be affected in China. Therefore, it can be inferred that Moose toys has suffered from a huge financial loss in the operation of Australia and also in the entire world and this would lead to unemployment rate of the country. As a result, the overall sales of the organisation have massively decreased. Analyse the internal factors Internal factors of an organisation are considered as the micro environmental factors of a business. Microenvironments of Moose toys are such as suppliers, intermediaries, consumers and the other markets where the products and services are sold, competitors and the public. The micro environmental factors of Moose toys can be measured with the help of 5Ms process such as men, machinery, money materials and markets. On the other hand, it can be noticed that Moose Toys was not capable to meet the debt obligations. Therefore, this rate of burden was increasing with the passage of time. Therefore, they had planned that to minimise their domestic debt obligation, they could start their manufacturing operation in China as the labour cost is cheaper here. This could entirely reduce the cost structure of the organisational production. Horkoff et al., (2014) opined that the connection with the marketing channels such as the resellers along with the supply chain and the logistic chain and the consumers are enlightening with the values of Moose toys. In this context, Moose toys has stronger connection with the Chinas leading raw material suppliers and they tried to deliver greater quality of factors. In case of the expansion of business in the market of China, the organisation requires to create a greater relationship with the manufacturing firms of the country. In this point, it can be mentioned that with the help of these strategies, Moose toys could efficiently left behind the other competitors in the market and it play the role of monopolist. Stakeholders of the organisation The stakeholders of the organisations are such as employees, suppliers, unions, shareholders and the investors, media and the governments and the regulators of Malaysia. Employees: With the movement of the manufacturing process of Moose toys, thee domestic employers are negatively affected. The rate of employment in this organisation has decreased. Moreover, the wage rate of the employees has declined. Nevertheless, the management of Moose toys has aimed to increase the communication with the Chinese employees, which would in turn increase the performance of them. In this context, Yen (2015) opined that Moose toys requires learning and understanding the national language of China, so that the authorities can communicate with the employees if they hire the employees from the local market of China. The employees can easily understand the business objectives of the organisation. Suppliers: The domestic suppliers of Moosse toys have also affected as the manufacturing operation of this company has shifted to China. It also made a bad impact on them. The trust and the long term relationship with the management of this toys manufacturing company has declined. On the other hand, in order to manufacture greater quality of products, the manufacturing authority requires to build trust with the suppliers of China. This will in turn necessary to maintain a long run relationship with the organisation. Shareholders and investors: After shifting the manufacturing operation of Moosse toys in china, the domestic shareholders though they would not receive their shares, which they have invested in the business. However, it is known that Moose toys is a large toys manufacturing organisation in the world, therefore, they had the capacity to return their shares after a certain time period (Gerow et al., 2014). Government: In addition, it can be mentioned that in order to move the manufacturing operation of a business in the market of China, it is necessary to take the support of the government regulation of the country. Government has tried to find out how this movement would affect the domestic suppliers, investors, employees, who were connected with the organisation. In this connection, it can be added that Moose toys requires to discuss the issues regarding the mutual concern and has optimised the opportunities. This would minimise the risks of the regulations (Simon, Fischbach Schoder, 2014). Conclusion This above report shows that Moose toys has aimed to shift its manufacturing operation in the market of China. The above analysis shows that in case of the movement of a business to the different country, the stakeholders of the domestic country will be affected. Initially, the employees will be fired from the organisation. The wage rate will also be decreased. On the other hand, the suppliers will also be adversely affected with this activity. However, the sales of Moose toys will not be hampered in case of shifting its manufacturing operation to other country. As the wage rate of the labours is cheaper in China, therefore, Moose toys has aimed to start its manufacturing operation in this country. Recommendation In case of the movement of manufacturing process in other nation, Moose toys can hire these local employees for the manufacturing operation. Although the wage of the Chinese labours is cheaper, however, in order to not dishearten the domestic employees, the organisation requires to give first priority to them. Apart from this, it can be recommended that Moose toys can engage the domestic employees to the operation of thee other sectors of the company. They can operate in the selling sections of the stores. Therefore, it can be predicted that the employees will not be negatively affected by doing this. References Bentley, K. A., Omer, T. C., Sharp, N. Y. (2013). Business strategy, financial reporting irregularities, and audit effort. Contemporary Accounting Research, 30(2), 780-817. Bharadwaj, A., El Sawy, O. A., Pavlou, P. A., Venkatraman, N. V. (2013). Digital business strategy: toward a next generation of insights. Mis Quarterly, 37(2), 471-482. Gentry, R. J., Shen, W. (2013). The impacts of performance relative to analyst forecasts and analyst coverage on firm RD intensity. Strategic Management Journal, 34(1), 121-130. Gerow, J. E., Grover, V., Thatcher, J. B., Roth, P. L. (2014). Looking Toward the Future of IT-Business Strategic Alignment through the Past: A Meta-Analysis. Mis Quarterly, 38(4), 1059-1085. Horkoff, J., Barone, D., Jiang, L., Yu, E., Amyot, D., Borgida, A., Mylopoulos, J. (2014). Strategic business modeling: representation and reasoning. Software Systems Modeling, 13(3), 1015-1041. Klettner, A., Clarke, T., Boersma, M. (2014). The governance of corporate sustainability: Empirical insights into the development, leadership and implementation of responsible business strategy. Journal of Business Ethics, 122(1), 145-165. Luo, X., Wang, H., Raithel, S., Zheng, Q. (2015). Corporate social performance, analyst stock recommendations, and firm future returns. Strategic Management Journal, 36(1), 123-136. Mithas, S., Tafti, A., Mitchell, W. (2013). How a Firm's Competitive Environment and Digital Strategic Posture Influence Digital Business Strategy. Mis Quarterly, 37(2), 511-536. Morris, M., Schindehutte, M., Richardson, J., Allen, J. (2015). Is the business model a useful strategic concept? Conceptual, theoretical, and empirical insights. Journal of Small Business Strategy, 17(1), 27-50. Rothaermel, F. T. (2015). Strategic management. McGraw-Hill. Shapiro, C., Varian, H. R. (2013). Information rules: a strategic guide to the network economy. Harvard Business Press. Simon, D., Fischbach, K., Schoder, D. (2014). Enterprise architecture management and its role in corporate strategic management. Information Systems and e-Business Management, 12(1), 5-42. Verbeke, A. (2013). International business strategy. Cambridge University Press. Ward, J., Peppard, J. (2016). The Strategic Management of Information Systems: Building a Digital Strategy. John Wiley Sons. Yen, W. B. (2015). Strategic Business Policy Paradigms Analysis. Scholedge International Journal Of Business Policy Governance ISSN 2394-3351, 2(4), 18-20.

ICT‐Enabled and Process‐Based Change An Integrative Roadmap

Question: Identify the necessary factors that are having a strong impact on the field of ICT (Information and Communication Technology)? Answer: The article by Margherita and Petti (2010) identifies the necessary factors that are having a strong impact on the field of ICT (Information and Communication Technology). According to the authors, the organizations use the ICT for making effective decisions and also assess information. The authors use the literature to identify the key issues in redesigning or adopting process in the organization and also the objective of explaining the systematization framework. Margherita and Petti also tries to identify the tools and methods that can be used by the practitioners and students. According to the opinion of Margherita and Petti, the change must be introduced based on the level of enablers, process, people and strategy. The main logic behind this writing is that the combination of various frameworks provides a distinct roadmap which can be useful for the organization in order to support technology, process and human dimensions of change in the organization (Banerjee, 2015). Through th is research, the authors try to identify the integrated design level that are necessary for redesigning and adopting various ICT process and also identify way that can be used to operationalize the aspect of adoption of ICT in a single framework for supporting change (Chrusciel and Field, 2006). The proposed framework or the road map supports that the adoption of ICT and also redesigning of the process is generally affected by various factors of different levels; people, enablers, process and strategy. The framework successfully addresses the critical aspects which discuss the focus and objectives, process level or the organization level and also the enablers and model of change (Hayes, 2008). The roadmap embeds the definition of action and strategic plan, analyzes the attitude of the individual and also readiness of the organization, and identifies the impact of evaluation and also the organizational and ad hoc technological enablers. In order to identify the issues, the authors have used the literature that the secondary data to identify the key issues for developing the approach and the model that is presented. The limitation of using such research method is that many documents that have been used by the authors may not originally be intended to the purpose of the research (Jesson, Matheson and Lacey, 2011). These documents might include only those events that the authors look is positive for writing. Further, the research just focuses on the phase of pre-implementation of change. This implies that the ideas that have been generated by the authors are not validated properly. The authors lacked in using quantitative data thus lacking in making a feasible study. However, the authors could have overcome these limitations by evaluating the qualitative data and also management sponsorship. This article is beneficial in understanding the external forces that can should be adopted in the process before adopting or implement ICT. Further, it also helps to analyze the communication flow within and outside the organization and also add value by highlighting the informal knowledge flow. From this article, one can develop a systematic framework for classifying and collecting the metrics of the process. References Banerjee, A. (2015). Information technology enabled process re-engineering for supply chain leagility. IJITM, 14(1), p.60. Chrusciel, D. and Field, D. (2006). Success factors in dealing with significant change in an organization. Business Process Mgmt Journal, 12(4), pp.503-516. Hayes, N. (2008). Institutionalizing change in a high-technology optronics company: The role of information and communication technologies. Human Relations, 61(2), pp.243-269. Jesson, J., Matheson, L. and Lacey, F. (2011). Doing your literature review. Los Angeles, Calif. ; London: SAGE. Margherita, A. and Petti, C. (2010). ICT enabled and process based change: an integrative roadmap. Business Process Mgmt Journal, 16(3), pp.473-491.

Using the GED Practicetest.NET

Using the GED Practicetest.NETYou may have a question about the GED Practicetest.NET, the test that is supposed to measure your academic potential. You may be wondering how you can get an answer to your question. You need not worry, because this article will give you some great information about the GED Essay-Sample Response Form and how it can help you in your research.When you are looking for answers to your questions about the GED Practicetest.NET, you will find that the official website of the test's center is not very informative. The information on the site is very basic and does not answer any of your questions about the tests. You need to take your own research to get some of the answers to your questions.The best place to start is with the questions themselves. You can use the quiz on the official website to get a sense of the types of questions that are used in the GED Practicetest.NET. You will learn more about the types of questions and how they are grouped together on th e site. You can read all about the types of questions on the site as well as which ones will apply to you and which ones you do not need to worry about.You should also know what question groupings are used. All of the questions will be grouped together according to a theme. This means that you will only need to find questions that fit into one of the groups, rather than find the questions individually. This is important because some students only need to answer a few questions, while others may need to answer questions in more than one group.Many students wonder if they will need to take many tests. If you need to take many tests, you should expect to pay a little bit more money for the tests. There are many other things that will cost you more money to make up for this, such as having someone watch over your testing station when you are taking the tests.Some students don't feel like they need to take so many tests. They do not see a need to take many tests and they are able to get by with only a few test questions. If you feel you don't need to take many tests, you should be able to get by with only a few questions each round. But if you feel you need to take a couple of tests per round, you can still save money by using the GED Practicetest.NET.When you find that you need to take more tests, you will want to consider what the site can do for you. There are many different kinds of tests and you will want to choose a test type that will allow you to get the most out of the test. For instance, if you need to take a GRE General Test, you will want to choose a GRE Prep Tests that will let you know if you are eligible for this test.Another example would be if you are taking the GED Practice Test. This is a part of the GED Preparation Course that you can get on your own time from the GED Practicetest.NET site. When you are using this resource to get information about the GED Essay-Sample Response Form, you will be sure to get the information you need about the prac tice tests that are available to you.

Josiah Bartlett (1729-1795) Essays - Josiah Bartlett, New Hampshire

Josiah Bartlett (1729-1795) physician, Revolutionary patriot, chief justice and governor of New Hampshire, was born in Amesbury, Mass. He was educated in the common schools, and studied medicine. He opened practice in 1750 in the town of Kingston in southern New Hampshire. He was married on Jan.15, 1754, to his cousin, Mary Bartlett of Newton, N. H. They had twelve children. He was elected to the Provincial Assembly in 1765. In 1767 he was appointed by the royal governor, John Wentworth, a justice of the peace and soon after a colonel of a regiment of militia, but when he took the side of the patriots he was dismissed from these offices, in February 1775. Previously, in 1774 he was recognized as an active patriot by his appointment on the important Committee of Correspondence of the Provincial Assembly and by his election to that Assembly's Revolutionary successor, the first Provincial Congress, which chose him as one of two delegates from New Hampshire to the first Continental Congress. Although he was unable to accept this election, because of the recent destruction of his house by fire, believed to have been set because of his activity in the popular cause, in 1775-76 he was again chosen as a delegate to the Continental Congress, and in the latter year was the first to vote in favor of the adoption of the Declaration of Independence, to which his name was duly affixed. In I778-79 he was the first to vote for the proposed Articles of Confederation and Perpetual Union which took effect Mar. 1, 1781. In 1779 New Hampshire appointed him chief justice of its court of common pleas. In 1782 he was promoted to be associate justice of the superior court, and to chief justice in 1788. He ended his service on the bench in 1790. Tradition and his own reported statement make it probable that his decisions, like those of other lay judges of that period, were based upon equity. Some of the ablest lawyers of that time declared that justice was never better administered in New Hampshire than when the judges knew very little law. In 1790 and each of the two following years he was elected to the highest office in the State, that of president. In June 1793, he was chosen as the first governor of the state. At the close of his term of office in 1794, because of ill health he withdrew from politics. He died at his home in Kingston on May 19, 1795.

The 10 Most Frequently Looked-Up Words

The 10 Most Frequently Looked-Up Words The 10 Most Frequently Looked-Up Words The 10 Most Frequently Looked-Up Words By Mark Nichol According to Merriam-Webster’s website, these are the ten most frequently search terms on the site- not what is trending now, but the words that consistently rank among the top searches. 1. Affect/Effect This double entry is not surprising; the confusion between affect and effect is one of the most common among homophones (words that sound alike but are spelled differently) and near homophones. Merriam-Webster advises that writers can use a simple rule in mind when determining which word to use- affect is usually a verb and effect is usually a noun- but exceptions in which the reverse is true are frequent enough to render this advice scarcely useful. Another mnemonic to help you distinguish the two is that to affect is to have an effect, and an affect leads to an effect. Affect usually means â€Å"have an effect or influence,† as in â€Å"Will not completing this assignment affect my grade?† while an effect is something that is the result of a causative phenomenon (hence the phrase â€Å"cause and effect†), as in â€Å"Will not completing this have an effect on my grade?† But note that affect can also serve as a noun meaning â€Å"aspect of an emotion† or â€Å"evidence of an emotion.† In psychology, to say that one presents a flat affect is to express that the person exhibits little or no emotion. In addition, effect is sometimes used as a verb meaning â€Å"bring about,† as in â€Å"Our goal is to effect a change in policy.† One can also say, â€Å"Our goal is to affect a change in policy,† but that means that one merely wishes to have an impact; to effect a change is to deliberately create the change. As a verb, affect also means â€Å"create the appearance of,† as when one affects a sophisticated manner to conceal humble origins, or â€Å"pretend,† as when one affects not to know about something that one is actually aware of. Either sense implies deception. The adjective affective means â€Å"emotional† or â€Å"expressing emotion,† while affecting, as an adjective, means â€Å"evoking a strong emotional response.† Effective means â€Å"producing a decisive or desired effect† and pertains to being actual, operative, or ready (and rarely, as a noun, denotes one who is effective), while effectual means â€Å"producing, or able to produce, a desired effect.† 2. Albeit This archaic-seeming word means â€Å"even though†; one would write, for example, â€Å"The jacket was expensive, albeit a practical necessity in cold weather.† It is one in a category of compound words combined to serve as an adverb, such as notwithstanding and nevertheless, or a conjunction such as the rare word howbeit or the common term whereas. 3. Ambiguous Ambiguous means â€Å"doubtful or uncertain† or â€Å"unexplainable,† but usually it denotes something that can be understood in two distinct ways, as when one exclaims, â€Å"I’ve never seen anything like it,† which does not inform the listener about whether the speaking is commenting positively or negatively. The first element, ambi-, meaning â€Å"both† or â€Å"on both sides,† is also seen in ambivalent (with which it is often confused, though that word means â€Å"having contradictory feelings†) and ambidextrous. The noun form of ambiguous is ambiguity. 4. Apathetic Apathetic is an adjective meaning â€Å"indifferent† or â€Å"uncaring†; the noun form, apathy, literally means â€Å"lack of feeling.† (This post discusses this and other words formed from the root pathos, meaning â€Å"feeling† or â€Å"suffering.†) 5. Conundrum Conundrum refers to complex, difficult problems or, more informally, a mystery or puzzle (or a riddle with a punning answer). The word is, ironically, itself a mystery, with an unknown etymology, although one theory is that hundreds of years ago, an Oxford University student coined the word to parody Latin; indeed, more than one spelling among various forms used in the word’s early years began with qu-, often a sign of Latin origin. 6. Cynical A cynical person is one skeptical of others’ motives or convinced that people always put their own interests before those of others. The word derives from the name of a Greek school of philosophy, whose adherents were called Cynics (from the Greek term kynikos, meaning â€Å"like a dog†); one with a cynical attitude is a cynic, and the quality of being cynical is called cynicism. 7. Integrity Integrity is the quality of being fair and honest (said of a person) or of being complete or sound (said of an object), as in the notion of structural integrity of something constructed. 8. Love Love is the most curious entry in this list, as it is a deceptively simple word. Love, however, can- as a noun or a verb- express a passion for anything (â€Å"I love that movie!†) as well as romantic and sexual feelings or behavior, in addition to religious passion. Loving and lovable are adjectival forms, and one who loves is a lover. 9. Pretentious Someone who has an exaggerated sense of importance or worth is pretentious; such a person is said to have pretensions, even if only one category of pretension exists, and a pretense is a deception (as in the redundant but idiomatic phrase â€Å"false pretenses†). The word is derived from the Latin verb praetendere, which literally means â€Å"stretch in front†; pre means â€Å"before,† and tendere, meaning â€Å"stretch,† is the basis of tender (as in â€Å"tender one’s resignation†) and tendon, the term for connective tissue that stretches between muscles and bones. (Tender in the sense of â€Å"sensitive† or â€Å"loving,† among other meanings, is unrelated.) By extension, the notion of literal stretching gave way to the meanings â€Å"stretching the truth† or â€Å"acting as if something not true is true,† and one who acts pretentiously is a pretender. 10. Ubiquitous Something widespread is ubiquitous; the quality of something existing everywhere or being encountered often is ubiquity. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Is She a "Lady" or a "Woman"?Dawned vs. Donned50 Words with Alternative Spellings

The number of owners of mobile phones has grown rapidly and hence the Essay

The number of owners of mobile phones has grown rapidly and hence the demand for mobile phones has also grown rapidly. Yet the prices of mobile phones have fallen. Why Explain using relevant diagrams - Essay Example However, in the mobile phone market, the demand for mobile phones increases as the price of the mobile phones decreases. This can be attributed to various reasons. Begg et al. (2011) notes that, for there to be an increase in demand, there have to be a change in one or more of the demand determinants. An increase in demand will in turn cause a shift to the right of the demand curve. When there is a shift to the right of the demand curve, the markets equilibrium will be disrupted thus causing a temporary shortage of the product being demanded. The temporary shortage created is eliminated with an increase in price of the product. However, in the mobile phone industry, there has been an increase in demand and a decrease in their prices. This can be attributed to various factors (Research and Markets 2011). Sloman & Garratt (2010) posits that an increase in demand of mobile phones can be caused by an increase in buyers’ income. When the level of income of the buyer increase, the buyer gets more money to spend on a certain commodity, which they are interested in. this happens when there is an increase in the income for a normal good. Moreover, an increase in demand for mobile phones can be attributed to a decrease in income of the buyer for an inferior good. Moreover, an increase buyer’s preference on mobile phones against other communication gadgets has caused a shift in the demand curve for mobile phones. Mobile phones are preferred since they are easier to use and results to instant feedback as compared to earlier means of communication such as letters. Moreover, mobile phones are preferred since they are cheap to afford as well as offers flexible means of communication (Mobile Promotions Market 2012). Mobile phones have gained consumer confidence in that the advanced systems allow the user to make audio-visual calls. Furthermore, mobile phone industry has experienced a boom in sales due to inflexibility of its competitors. For

Science Essay Example | Topics and Well Written Essays - 2500 words

Science - Essay Example Inrecentyears,acompletely new field of technology has developed from advances in the life sciences. Known as biotechnology, it involves such varied activities as genetic engineering, the manipulation of genetic material of cells or organisms, and cloning, the formation of genetically uniform cells, plants, or animals. Although still in its infancy, many scientists believe that biotechnology will play a major role in many fields, including food production, waste disposal, and medicine. Economics may appear to be the study of complicated tables and charts, statistics and numbers, but, more specifically, it is the study of what constitutes rational human behavior in the endeavor to fulfill needs and wants. We can say, therefore, that economics, often referred to as the "dismal science", is a study of certain aspects of society. Adam Smith (1723 - 1790), the "father of modern economics" and author of the famous book "An Inquiry into the Nature and Causes of the Wealth of Nations", spawned the discipline of economics by trying to understand why some nations prospered while others lagged behind in poverty. Others after him also explored how a nation's allocation of resources affects its wealth. (Investopedia) What is the relevance of studying economics Alfred Marshall enumerated the following as reasons for the study of economics: a. Students need to develop economic ways of thinking and problem solving that they can use in their lives as consumers, savers, entrepreneurs, investors, workers, citizens, and participants in a global economy; b. Economics creates a more vivid understanding of costs and benefits than any other subject; c. Students who do not appreciate the accomplishments of a market economy will not work to preserve it; d. Students must understand economics to become productive members of the workforce; e. The case for economic literacy is the case for democracy itself. If war is too serious to be left to military professionals, economic understanding is too important to be left to economists;. SCIENCE Science is systematicstudyof anything that can be examined, tested, and verified. From its early beginnings, science has developed into one of the greatest and most influential fields of human endeavor. Today different branches of science investigate almost everything that can be observed or detected, and science as a whole shapes the way we understand the universe, our planet, ourselves, and other living things. Foralargepartofrecorded history, science had little bearing on people's everyday lives. Scientific knowledge was gathered for its own sake, and it had few practical applications. Today, science has a profound effect on the way we live, largely through technology-the use of scientific knowledge for practical purposes. Otherfieldsofscience also play an important role in the things we use or consume every day. Research in food technology