...shoelace, we are in a society where we are constantly in need of something better. People want to go to better schools for a better education, desire a better education for a better job, a strive for a better job for a better life. This is a known phenomenon and most people in the present society strive for it. But how many are thinking what does “better” mean? The 21st century is a time where advancements in science and technology are sustaining billions of lives on this planet and enabling millions of people to have luxurious lives. We are in a time where the education,...
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...Over the past few decades, Malaysia has experienced both growth and decline economically. Relying mainly on exports, this country is predicted to experience a more stable growth period between the years 2011-2015. GDP is predicted to increase in the future years and investments in the country will be the main factor of this economic growth (Economic Forecast, 2011). With a population of 28.3 million and an expected population growth rate of 1.7%, this country provides an excellent opportunity for exporters looking to invest in another country by way of goods and services (Profile, 2011). In order for exports in Malaysia to be successful however, one must understand the values and subcultures Malays possess in order to market to them appropriately. This report will focus on the influences of these concepts on the behaviour of Malaysian consumers in comparison to Australian consumers. This report will also highlight the importance of understanding certain cultural differences and their implications for marketers if Australia is to export goods and services to Malaysia. Religious Subcultures The concept of subcultures, more specifically religious subcultures, is an important aspect of consumer behaviour to consider. Strongly held religious beliefs and customs can exert a significant influence upon the values people hold. These values may include choosing to adopt a simple and humble existence devoid of materialism or choosing to lead a lifestyle that balances simplicity and materialism...
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...criticize their own respective societies in their work. Both works were written around the same time period, leading to correlations between the novel and play. However, both works are distinctly different from each other. The commonalities and differences between them consists of: the author’s perspective of their respective society, themes, and relevance to the society of today. The perspective of society plays a significant role when evaluating how Austen and Wilde viewed their respective societies. In each evaluation, both authors share a fair bit of commonalities...
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...consumer behavior: An empirical evidence of impact of globalization on changing materialistic values in Indian consumers and its aftereffects Nitin Gupta Article information: To cite this document: Nitin Gupta, (2011),"Globalization does lead to change in consumer behavior: An empirical evidence of impact of globalization on changing materialistic values in Indian consumers and its aftereffects", Asia Pacific Journal of Marketing and Logistics, Vol. 23 Iss: 3 pp. 251 - 269 Permanent link to this document: http://dx.doi.org/10.1108/13555851111143204 Downloaded on: 24-03-2012 References: This document contains references to 49 other documents To copy this document: permissions@emeraldinsight.com This document has been downloaded 1778 times. Access to this document was granted through an Emerald subscription provided by INDIAN INSTITUTE OF MANAGEMENT AT AHMEDABA For Authors: If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service. Information about how to choose which publication to write for and submission guidelines are available for all. Additional help for authors is available for Emerald subscribers. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.com With over forty years' experience, Emerald Group Publishing is a leading independent publisher of global research with impact in business, society, public policy and education. In total, Emerald...
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...to it imposing restrictions over individuality, only instead, to become slaves to a materialistic lifestyle. In Max Weber book, The Protestant Ethic and the Spirit of Capitalism, he explains that this exchanging of spiritual slavery for material slavery was not necessarily a fair deal, and pointed out that the Protestant reformation was responsible for trapping people inside an invisible prison under the argument of rationalization; which he referred to this as the "iron cage". As Weber gives a historical account for how capitalism was influenced and exercised by religious doctrines, he illustrates a condition of humanity that has led to modern economic conditions, in which we produce ideals about our natural condition that subordinates individuality and imprisons us to a system that we have created. This essay will explore Weber’s idea on the development of western capitalism from the Protestant Reformation and how its belief system created psychological pressures in enforcing conduct. In illuminating the characteristics of the Protestant ethic and its impact on the formation of economic order, it will be examined here how modern capitalism has come to compare in enforcing social conduct. During the reformation, Weber explains that this was not only the time that capitalism developed but also was the period during Protestantism. According to Weber, these two society wide changes of an economic shift to capitalism and the religious and social shift from a controlling Catholic...
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...since it allows the distribution of various means of goods and employment to be spread overseas as well as a positive increase within the free market economy of today. As mentioned in the book, in order to maintain efficient economic performance productivity must be up to par. Also, wealthier countries effectively participate and specialize in specific services to aid in the advancement of further knowledge and information to better the economy and trading market as a whole. Hence, various regions of the world rely on GDP (Gross Domestic Product) to be the determinant of their overall impact of economical production within their country and the global marketplace....
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...families, in today's society, Black Friday has become a bad sign for the US. As we witness every line wrapped around a building at 4am and as we see more and more people...
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...As people, we all have become materialistic in this modern society. We are competing with each other. People buy useless things because they see others or they wish something. In the article “Spent: America After Consumerism” the author, Amitai Etzioni, discusses two problems: consumerism and capitalism, which is causing an economic crisis. Etzioni explains how consumerism has become a social disease, where people are spending money on useless things to acquire higher lifestyle to fit in the society. He also suggests solutions, to control consumerism by following communitarianism or transcendental pursuit. However, many people feel that consumerism is part of life. They feel as if they acquire more materialistic objects or money it will bring happiness in their life. I do agree with the author that consumerism has become a social disease and people will do anything to acquire vain desires. At first, I have seen many people working extra-long hours to acquire their desires without thinking how restless life can affect them physically and mentally....
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...The impact of globalization in India has been major, especially due to the call centers that have been outsourced there. The call centre jobs require the young Indian service providers to assume a different identity. They take on a western name, learn to talk with an accent, learn about western cultures to help them deal with western clients. This is forcing Indians to live fake western lives while physically being a part of the Indian reality. What is now emerging is a new dominant culture that is taking over that has changed ways of dressing, speaking, and thinking and has injected a new urban culture with the values of the modernized West. Indians are conforming to the processes of globalization in the name of progress. The cost is losing their identity, culture, heritage and traditions. Some of these cultural changes are reflected in values and religious practices, social interaction and roles and spending patterns. These changes also affect the US companies that have chosen to align or outsource with companies in India. Indians traditionally value peaceful co-existence, spirituality, respect for elders, nature, art, seeking prosperity, strong family ties and hospitality. It is highly collective in terms of society and family and less importance given to individualism. Indian myths, legends and stories stress that good human beings think of the welfare of others before their own. With the impact of call centers, globalization with its emphasis on individualism and secularism...
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...The Impact of Advertising on Attitudes in Belize Introduction Advertising is a vital component in the economic development and progress in countries all around the globe but most of all it has become the mainstream and biggest promoting tool of any industry. According to William M. O’Barr (2000), “Advertising is a complex phenomenon — intimately tied to society, culture, history, and the economy — that defies any simple or single definition. Some aspects of it are universal, whereas others are culturally specific. It is personal salesmanship transformed into mediated communication. It sometimes provides new information, often cajoles, and always attempts to persuade. In addition to selling messages, it encodes cultural values and social ideals. And depending on your point of view, it is a positive or negative force in society and the economy.” (What Is Advertising?, 2000) As stated in O’Barr’s definition of advertising, it has the power to manipulate the economy, society, culture, and the political system. Globally, advertising serves the purpose of promoting products and services, and business. Modern inventions and creations are becoming popular through advertisements. In addition, the economy becomes stronger because advertising stimulates the demand for products and services. Therefore, consumers buy products and seek different kinds of services because they have seen it on television, in the newspapers, magazines, through the use of technology and even word of mouth...
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...COURSE TITLE: CONSUMER BEHAVIOUR INTRODUCTION Consumer behaviour or motivation is the study of individuals, groups, or organizations and the processes they use to select, secure, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society. It blends elements from psychology, sociology, social anthropology and economics. It attempts to understand the decision-making processes of buyers, both individually and in groups. It studies characteristics of individual consumers in an attempt to understand people's wants. It also tries to assess influences on the consumer from groups such as family, friends, reference groups, and society in general. Consumer needs are the basis of all modern marketing and constitute the essence of the marketing concept. However, research has shown that consumer behaviour is difficult to predict, even for experts in the field. Thus, in the attempt to understand consumers’ motivation, marketers usually make reference to the theories of needs such as Maslow’s Hierarchy of needs, the trio of needs and Murray’s list of psychogenic needs. In this exposé, we would identify the components of the trio of needs and Murray’s list of psychogenic needs and illustrate them with examples in Ghana. I. TRIO OF NEEDS The components of the Trio needs theory are the following: * Power * Affiliation * Achievement * The need for power Power refers to the individual’s...
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...AMS 100 I am living in an age when dramatic changes have already occurred ever since society has ever started. I may not have witnessed these changes from the ancient times until that of last three decades of events, I know for a fact that those occurrences in the past will always have its impact in the manner that I live today. History has taught me many great discoveries about the past that will always have to affect me personally as well. As an individual living in the twenty-first century, the American economic definition of “dream” has greatly affected me in the ways that I consider wealth as an ideal lifestyle of a person living in America. This is evidently still applies until today especially that I strive hard only to achieve this so-called “American dream”. I was born in middle class, Chinese parents, who worked two jobs to feed three children, pay the house, fuel the car, and spend some leisure. I have witnessed how my parents struggled hard in order to maintain their lifestyle and status in the society. I remember how my father once celebrated his promotion that we had the chance to spend the summer in Disneyland. However, I have also witnessed how my mother fought with my father in 2009 because they were in the middle of bankruptcy. As I went to get a college education, I remember how my mother told me to strive hard so I will not experience the same thing. At first, I thought that I can do that and that I can do better than they did. Perhaps they were just wrong...
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...ETHICS IN FINANCE CONTENTS INTRODUCTION ..................................................................... 4 ETHICS IN FINANCE ............................................................. 5 ROLE OF ETHICS IN FINANCE............................................ 5 TRUST .......................................................................................... 6 Aristotelian virtuous ethics......................................................... 7 CODE OF ETHICS ................................................................... 7 ETHICAL BEHAVIOR .............................................................. 8 CODE OF ETHICS IN FINANCE AND ETHICAL BEHAVIOR................................................................................... 8 ETHICS IN FINANCE IN DIFFERENT FIELDS ................... 8 NEED OF ETHICS IN FINANCIAL MARKET, SERVICE INDUSTRY AND PEOPLE IN ORGANIZATON: ......................................................................................................... 9 SOCIALLY RESPONSIBLE INVESTMENT ....................................................................................................... 10 ETHICS V/S FINANCE .............................................................. 10 IS FINACE ETHICALLY NEUTRAL ...................................... 11 CORPORATE SOCIAL RESPONSIBILITY ............................11 CONCLUSION..........................................................
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...Introduction One of the remarkable transitions in Cambodia began in 1993. It was the economic reform switching from planned-economic to open-free economic market. Since ever, Cambodia gradually boosts the national economy by allowing private possessions and foreign investment. This is a signal of democracy in the nation. To be a democratic country, such rights and freedom must be given to the masses. It is well-known that people want to be equal before the laws and live in a happy life. However, one barrier to newly democratic country—Cambodia—is the citizens. More than half of the Cambodian population is under a poverty line, meaning they are insufficient not only in property but also in education. This situation is not good enough for Cambodians to get influence from the world. Being connected with globalization, Cambodia demands a higher standard and a good quality of production. Among those marketing competition, the most attractive and popular product is high-tech materials. Again, the other half of population might be able to afford such materials in order to live in the society. The society is affected by materialism, which considers possessions more important than values, and its effects range from psychological to economic. Materialism is sometimes used as a status symbol, causing people to purchase items they cannot afford, simply to fit in with an affluent crowd, or to keep up with the people around them. Materialism, although a motivating force in today's world...
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...Executive Summary For the last five decades the pursuit of economic growth has been the single most important policy goal across the world. The global economy is almost five times the size it was half a century ago (Tim Jackson, Published by the Sustainable Development Commission © March 2009, P1). Economic growth is supposed to deliver prosperity. Better investment return could indicate excellent corporation development, and higher incomes should mean better choices, richer lives, and an improved quality of life for us all. However, the banking crisis of 2008 forced us to confront our inability to manage the financial sustainability of the global economy and the ecological sustainability as well. In addition, led the world to the brink of financial disaster and shook the dominant economic model based on economic growth to its foundations. The aim of this report is to define sustainable economy in terms of six themes: ecology and sustainability; population and demographics; science and technology; economy; geopolitics and security; society and culture. Also, analyze the effects of issues of sustainable economy on management’s governance of the Colourful Corporation. Based on these analyses, this report will provides recommendations about future vision and strategy top management could consider for a sustainable Colourful Corporation. Based on these analyses, the following recommended visions and strategis will be given for Management to keep the Colourful Corporation’s sustainability: ...
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