...1. Explain why each of the following examples is not a competitive industry. a. Even though one firm produces a large portion of industry’s total output, there are many firms in the industry, and their products are indistinguishable. Firms can easily exit and enter the industry. The number of output does not determine the competitiveness of a firm; the products can be bought as to same quality and quantity anywhere it is sold, so specific firm where to buy it is not a question anymore. Due to indistinguishable characteristics of products, consumers tend to disregard the preference of where to buy. The products are present everywhere so it doesn’t matter where particularly they will buy, it just now depend on the convenience and any personal circumstances of the consumers. And as firms can easily exit and enter the industry, the level of competitors is not big of a deal. b. There are many buyers and sellers in the industry. Consumers have equal information about the prices of firm’s products, which differs slightly in quality from firm to firm. Knowing the price, consumers will buy to firms that sell lower prices than the other and quality might be disregarded as well because of its slight difference. There are many buyers and sellers, the probability of one buyer to buy in a certain firm and the firm to sell to a certain buyer becomes low. As it can be bought anywhere by anyone; it can be sold anywhere by anyone as well. c. There are many...
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...Michael Sakacsi (572739) MG 495 Business Policy 12 Oct 2012 Netflix’s New Strategy: Time To Buy? Executive Summary: “Netflix is the world’s largest online DVD movie rental service offering more than one million members access to more than 15,000 titles” (History). In addition to the selection, Netflix provides fast, free delivery. The Company was formed by Reed Hastings and Marc Randolph in 1997. These two men had previous experience in new technologies; Randolph in a computer mail order company called “MicroWarehouse” and Hastings in a company called Pure Software. Randolph also was vice president of Borland International. It was Hastings, using his $700 Million sale of Pure Software that bankrolled the investment. “The DVD format, which can store a high-quality copy of an entire feature film on a single five-inch disc, had been introduced in the spring of the year.” (History). Even with the number of titles limited (less than a thousand at the time), Hastings and Randolph thought the format had the potential to replace video tapes. This was also the same period that the much larger laser disk was coming on the scene. They took the risk that the DVD would out produce other formats and overcome to become the new standard in home video. The company opened on April 14, 1998, with 30 employees and 925 titles for rent. (History) The company initially worked under the business plan of renting and selling DVDs to customers; providing an alternative to...
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...Nanzan UniversityJichihan and the Restoration and Innovation of Buddhist PracticeAuthor(s): Marc BuijnstersReviewed work(s):Source: Japanese Journal of Religious Studies, Vol. 26, No. 1/2 (Spring, 1999), pp. 39-82Published by: Nanzan UniversityStable URL: http://www.jstor.org/stable/30233608 .Accessed: 19/10/2012 12:43Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp .JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new formsof scholarship. For more information about JSTOR, please contact support@jstor.org. .Nanzan University is collaborating with JSTOR to digitize, preserve and extend access to Japanese Journal ofReligious Studies.http://www.jstor.org Japanese Journal of Religious Studies 1999 26/1-2 Jichihan and the Restoration and Innovation of Buddhist Practice Marc BUIJNSTERS The various developmentsin doctrinalt houghta nd practiced uring the Insei and Kamakurap eriodsr emaino ne of the mosti ntensivelyr esearched fields in the study ofJapaneseB uddhism.T wo of thesed evelopmentsco n-cern the attemptst o restoret he observance of traditionalB uddhiste thics, and thep roblemo f howP ureL and tenetsc ouldb ei nsertedin to thee soteric teaching.A pivotal role in bothd evelopments...
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...I. Current Situation a. Current Performance b. Strategic Posture i. Company provides a general strategy statement. Not publically available vision statement or mission statement ii. They are in the internet subscription business. They are in this so users can instantly watch movies or TV programs iii. The objectives is to maximize member satisfaction and month to month subscription retention. Corporate objectives: customer loyalty, profits, growth. Busniness objectives- customer service Functional objectives- Marketing and sales. They are all consistent with each other. They all have one goal and that is to be profitable and make sure the customers are satisfied with their business. iv. Strategy- pursuing new content deals and streaming rights to current season shows. Also looking at new ways to improve the subscriber’s experience. Encouraging multiple accounts in one household. v. Privacy policies, code of ethics, insider trading policies. All the policies are consistent with each other. They all want their employees and board members to act ethically. They want their nonpublic information to stay private and prohibit insider information trading. vi. II. Corporate Governance a. Board of Directors i. Mostly External members. Jay Hoag- Technology Crossover Ventures. Timothy Haley- Redpoint Ventures. Ann Mather- MGM holdings Inc. Leslie Kilgore- Linkedln Corporation. Richard Barton- Zillow, Inc. A. Battle- Aspen Institute. Reed Hastings- Chair of board ii. Significant...
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...Creating a Job Analysis Abstract This essay will explain how to create a job analysis. It will explain what a job analysis is, and identifies the objectives of the job duties and roles for a position as a Human Resource Receptionist. Creating a Job Analysis The history of Job analysis was founded in 1900 by Frederick W. Taylor. His interest in improving the studying the principles of work and science developed into what is called a Job analysis. Human Resource Managers create a Job Analysis using task statements, Knowledge Skills Abilities, and create a job description. One method of developing a Job analysis is using the 7 stages of a Functional Job Analysis. The 7 stages are resources in helping to identify the task statements, KSA’s and job description. The following 7 stages are: things functions, work instructions, mathematical, data function, reasoning development, language develop and people function. (Pugh 2007) The thing functions are examples the ability to use office equipment anything tangible. Work instructions requires the ability to perform a given a task. Mathematical function is the ability to operate and handled business math. Data function is dealing with facts, statistics and information with business. Reasoning development show the ability to show comprehensive reasoning. Language develop require oral and written communication. People functions involve interaction with people. All 7 stages are used in developing the process of producing a Job analysis...
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...Inside these labs hold rooms with very sophisticated, expensive equipment used to determine tensile strength, thermal conductivity, and rigidity as well as many other metallurgical characteristics. They hold the honor of having mass spectrometer machine in the U.S. which assists the engineers in the lab the ability to test the graphite samples for purification and use in for semi-conductors. These allow for the finest quality graphite which is grinded to a one to twenty micron powder and is then tested for it’s purity. When we completed our tour of the laboratory the presentation POCO Graphite company was next. This gave us a great insight into the history of the company. In 1964, POCO Graphite was founded which stands for Pure Oil Company. They gained momentum when they used their graphite in popular EDM machines. They also developed a type of graphite foam called POCO Foam that creates small veins of air to flow quickly through the foam to draw heat away from an object to rapidly cool it. Our classmates actually had the chance to see this foam in action so they placed a piece of foam on my hand then put an ice...
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...Our soybean oil press machine in line with the Ministry of Agriculture for agricultural technical conditions and standards, its processing and production of oil authentic, pure fidelity, is to create the best choice for the modern oil press machine. Our soybean oil press machine has the follow features and advantages: Energy - the same lower production of electric power by 40%, with an average of 6 kilowatt-hour savings calculations, the production of electricity can save 30 RMB. Labor - labor savings equivalent to 60% yield, 1-2 people can organize production, day labor efficiency cost savings of about 40 million. Versatile – our soybean oil press machine can be used just not soybean, pressed peanut, sesame, rapeseed, soybean, sunflower, flax and other 20 kinds of oil crops. Three pressing, pressing the net once. Pure oil - vacuum filtration residue to protect the oil clean, sanitary and quarantine standards. Small footprint - only 10-20 meters oil mill will be able to meet production needs. Then we talk about how to maintain soybean oil press machine in correct way in the follow text. (1) soybean oil press work 50 hours per lubrication, gear box oil cup above shall not oil, extra virgin oil press screw shaft bearing adjustment screw should be adjusted within the screw hole once per shift butter filling is prohibited dry grinding. (2) Run-oil soybean oil press each site should prevent intrusion of dust and other impurities, soybean oil press need to check the quality...
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...graduating from H.S. in 1978. Hastings went to Bowdoin College where he majored in Mathematics and he graduated in 1983. After graduation, Hastings backpacked along Africa in the Peace Corps where he taught high school math to children. Upon his return from the Peace Corps, Hastings chose to go back to school to receive his master’s degree in computer science from Stanford University. After attending Stanford, Hastings worked for a software company where he invented a tool for debugging software. In 1991, Hastings left the company to pursue his own business endeavor, which was a start-up organization called Pure Software. The purpose of this company was to provide products which would help individuals troubleshoot software. The company was a huge success and was rapidly growing; in 1996 the company merged with another software company and became Pure Atria. Hastings asked to be appointed as Chief Technical Officer, but left shortly after the company was merged. In 1997, Hastings founded Netflix and launched the subscription service in 1999. Netflix was invented when Hastings had a $40 late-fee when he lost Apollo 13 while renting it. Netflix has grown a lot since then; it is a large company known for their innovative practices. The company grew to one million subscribers in less than four years, and reached 9.4 million subscribers by the end of 2008. Netflix is only concerned with individuals that can help grow the company and contribute to their success...
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...Table of Content Page Introduction Company Information 1 Paper Outline 1 Introduction of Qwikster – The Spinoff of Netflix 4 – 6 Implications 6 Commentary 7 Netflix’s Cancellation of Qwikster 7 Conclusion 8 References 9 INTRODUCTION Company Information Netflix Inc., established in 1997 and headquartered in Los Gatos, California offers internet subscription service, streaming television shows and movies. Subscribers of Netflix can watch unlimited television shows and movies streamed over...
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...Netflix Analysis Netflix, Inc. is an internet television network. The company derives revenues from monthly subscription dues. Its members can watch as much as they want, anytime, anywhere, on nearly any internet connected screen. Members can play pause and resume watching, all without commercials or commitment (Netflix, 2014). Netflix does not have an actual mission statement, however, according to Reed Hastings, founder and CEO, their mission and vision is “to grow our streaming subscription business domestically and globally, continuously improving the customer experience, with a focus on expanding our streaming content, enhancing our user interface and extending our streaming service to even more internet-connected devices, while staying within the parameters of our consolidated net income and operating segment contribution profit targets” (Hastings, 2014). Nine company published values provide further clarification about the principles which guide its employees in their daily decisions and activities. Those company values as published are: judgment; productivity; creativity; intelligence; honesty; communication; selflessness; reliability; and passion. Hastings has expressed a clear vision for the future of Netflix, which is to become the best global entertainment distribution service, licensing entertainment content around the world and creating markets that are accessible to filmmakers, thereby helping content creators around the world to find a global audience. The...
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...Netflix Incorporated, Case Study Marketing 101-H1 Assignment 2: Case Study Analysis Group 4: Jagvir Bagri, Michael Catalfamo, Tina Hoang, Jason Rudzki Submitted to Dr. Youssef Ahmad Youssef Humber College Business School September 27, 2010 Introduction In the summer of 2011, the co-founder and chief executive officer of Netflix Inc. Reed Hastings, made the decision to separate the companies online streaming service from the DVD rental service. The DVD rental services mails out DVD’s to customers one video at a time and the streaming service allows customers to watch movies and television shows via the internet. Instead of charging each customer a flat rate for both services, as it had in the past, Hastings wanted to charge consumers for each service as its own separate entity. This meant each customer would now have two accounts (instead of one), pay considerably more in membership fees and still receive that same amount of content. Shortly afterwards, on July 12, 2011. Mr. Hastings, publicly announced the changes and informed his customers that they would come into effect in that coming September. In 2010, the business reported revenues of more than two billion dollars and had approximately twenty-million subscribers. After Hastings announced the split, his stocks fell by more than fifty percent from a one time high of more than three hundred dollars per market share. Stocks in Netflix continued declining quickly and before the end of the year, they...
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...Four Market Structures Shavon Harrison ECON222 Kunsoo Choi What are the four market structures and their characteristics? According to McConnell and Brue (2004) describe four market structures that companies align themselves with during the course of their corporate lives.: “Pure Competition, Pure Monopoly, Monopolistic Competition and Oligopoly. Companies may move from market structure to market structure over the course of growth and time. This movement between structures may be the result of product changes, introduction of competition or consumer interests. McConnell and Brue (2004) also states that, pure competition is "a very large number of firms producing a standardized product". This is the case with the corn industry. One example of a pure competition corporation is "Farmers Cooperative Association" (FCA). A Farmers' Cooperative Association is a group of farmers, at their convenience, who come together to form a co-op in order to: improve bargaining power; reduce costs; obtain market access or broaden market opportunities and improve product or service quality (Nebraska Department of Agriculture, n.d.) that would normally not be achieved as an individual farmer. In doing so each farmer pays a fee to the Cooperation. The Cooperation itself is normally a non-profit organization in that the profit is attained back to the members supplying the product. Pricing is determined by the Board of Trade and is typically nonnegotiable. Cooperatives can hold corn at the request...
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...WEEK 1 DQ# 1 Discuss how markets, demand, and supply affect resource distribution in the United States. DQ # 2 Discuss the elements of private enterprise and the degrees of competition in the U.S. economic system. DQ # 3 Explain how individuals develop their personal codes of ethics and why ethics are important in the workplace. #2 : Just by pure definition, a private enterprise is an economic system that allows individuals to pursue their own interests without undue governmental restriction. This becomes vital in market economies simply because it has the capability to influence growth and success within a certain market. These enterprises require four substantial rules to exist. First is the private property rights which is ability of individuals and businesses to accumulate property, wealth, and enforce contracts. Second is the freedom of choice. This is basically for the business to act by itself; to have control over who to hire and allocate their resources as they see fit. Third is to have profits. Without profit, there is hardly any attraction to creating an enterprise when there are no benefits. Profit plays a great deal in influencing the behavior and decisions of individuals who are looking for a more rewarding opportunity in terms of money or advantage. Last but not least is competition, which is the drive for businesses to constantly raise standards and operate efficiently. Because the third element, profit, exists, businesses always want to gain and be the ...
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...Models of retail competition This chapter examines the effects of competition on a retailer’s performance. As noted in Chapter 1, retailing in the United States was once a growth industry that was able to increase profits solely on the basis of an increasing population base. Today’s slower population growth rates have turned retailing into a business where successful regional and national retailers can grow only by taking sales away from competitors. However, retail competition at the local level is more complex. Depending upon the economic base of the regional economy, it is possible for an area’s population and disposable income to grow even while the country’s is slowing. For example, Phoenix and Las Vegas are like many Sunbelt communities where a vibrant local economy, combined with attractiveness to retirees and second-home owners, results in a growing sales potential for many retailers. A retailer could grow in such a venue without having to take sales away from competitor. Just the opposite would occur in areas such as Mansfield and Youngstown, Ohio, which are experiencing a counting economic slump. A retailer must always be on the offensive by studying the changing competitive environment, especially its local competition, and differentiating itself from that competition. Only by creating a differential advantage that is extremely difficult to copy in terms of time and money can retailer hope for continued success. Prime examples of such differentiation are category...
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...of eSports is just as competitive, if not more so. At first thought, one will assume that the common reason to play Video Games, is to simply have fun, to get away, without truly getting away. Both true to a degree of extent. Say for instance you play basketball, you play for fun with your friends; after a while you realize not only are you having fun, you’re developing skill. With skill comes competition, and with competition comes self improvement. So, how do you improve upon one’s self, the answer is simple, you compete against others who too, wish to better themselves. You know the saying, you are only as good as your competition. That is true with any sport, or anything you do. One cannot compete at the highest level unless he/she has competed against the best. Casual competition alone will not make you a great player, a good one, sure. This is the part where the parents begin to question, they are upset because the Champion is spending most of his daylight indoors. The reason for this, is that the Champion, wishes to reach a new level, a level that opposes a threat to the competition. The Champion will soon realize that their goal is not wanted by him alone, it’s shared with countless others. When you meet your match, you will know if this is what you want. This is the foundation that drives eSports, the defeat of losing produces the drive for winning. The Players that endure, and accept their failures, faults, and...
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