...But in the case of stock markets are they moving away from their purpose of being efficient allocators of capital towards being simply another form of casino? Technology has made stock markets seem like gambling in a casino. However, there are differences between gambling and speculation. Risk and returns - Casino: high degree of risk involved, returns are basically based on guessing and lucky. - Stock market: Speculation involve the process of measuring risks involved to gain returns based on investor’ various analysis techniques and valuation methods. They are relatively in more advantaged position rather than inexperienced counterparts (gamblers) since they have more information and therefore able to gain more return from taking reasonable risk. - Also, investment is different from gambling regarding the possible results. Gambling is considered as ‘zero-sum-game’ since the gain of one party is balanced by loss of the other parties. In contrast, stock market is ‘positive-sum-game’ since every parties could possibly win. Strategies used: - Stock market: investors have different strategies, investment horizon (short-term vs long-term); different goals (dividends, capital position). - Casino: those are not in the case of casino. Monitoring: - Stock market is highly regulated and have to comply with various regulatory requirements (Corporate Acts, ASIC) # not in gambling. Technology has brought various benefits to the financial markets without abandoning...
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...entertainment product, with software being the primary driver. Nintendo has focused its basic strategy on expanding the worldwide gaming audience. To achieve this, Nintendo is encouraging as many people as possible around the world, through its unique hardware and software offerings, to experience and enjoy video game entertainment, regardless of their age, gender, language, cultural background or gaming experience. Nintendo’s first hardware launch in support of the basic strategy “Gaming Population Expansion“ was a hand-held device, Nintendo DS, which allows users to play intuitively. To drive this platform, Nintendo introduced a new software lineup, Touch! Generations, which expands the definition of video games and appeals not only to traditional gamers but also to inexperienced gamers. In the future, Nintendo plans to leverage various uses of the Nintendo DS system, such as playing in public places, and to take advantage of the high market penetration of the device. Nintendo took another step toward expanding the worldwide gaming population by launching an unprecedented video game console called Wii. Since its launch, Wii has been changing the definition of the home video game console significantly. Nintendo has been making efforts to promote Wii by developing compelling software which takes advantage of intuitive play controls enabled by its Wii Remote and other dedicated user interfaces, in addition to the conventional controller functions, and by enriching the Wii software library...
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...THE VIDEO GAME INDUSTRY By Team 1: Nintendo TABLE OF CONTENTS History of the Video Game Industry P. 3 - 7 Twenty-First Century Trends P. 7 - 8 United States Market P. 8 - 10 Regional Markets P. 10 Industry Players P. 10 - 13 Consumers P. 13 - 15 Regulations P. 15 - 16 Overall P. 16 Exhibits P. 17 - 19 Appendices P. 20 - 33 Endnotes P. 34 References P. 35 - 36 The video game industry includes a broad spectrum of operations including: gaming consoles, games made for consoles, and online games which make up the retail segment of the industry. The majority share of the market is the development and manufacturing of games, consoles and accessories. This report goes through a history of the video game industry; trends to look for in the 21st century; the United States markets and the four segments (games and software, consoles, online games and software, and accessories); regional markets by segment; the major competitors in the video game industry; consumers of the industry, and the minimal regulations that affect the industry. The Appendices provide profiles for the major companies in the video game industry including Nintendo Co. Ltd., Microsoft Corporation, Sony Corporation, Electronic Arts Inc., and GameStop Corp. History of the Video Game Industry Though the history of video games goes back to the 1950s with...
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...Warren Buffett Stock Analysis ELECTRONIC ARTS INC Stock market is much riskier than people think due to variation of market conditions. Before making a smart investment in a company, investors should observe the performance in the past and predict the future trend. To identify if a company is worth investing in, Warren Buffett, one of the greatest investors in the world, recommended four aspects: 1) Is the business understandable? 2) How are long term prospects of the business? 3) Is the management of that business honest and competent? 4) Is the value of that business worth it to invest? In this paper, EA, Inc. will be evaluated as an example. UNDERSTANDABILITY Electronic Arts, Inc. (EA) is a company which leads the global entertainment software and represents the trend of development of this industry. The company develops, publishes, and distributes entertainments software all over the world for video game systems, personal computers, wireless devices and the internet. EA markets its products under four brand channels which are EA SPORTS, EA, EA MOBILE and POGO. As announced in fiscal 2009, EA posted GAAP net revenue of $4.2 billion and had 31 titles that sold more than one million copies. EA was listed on NASDAQ with its business spread in 26 countries and employees more than 7100 in the worldwide. LONG TERM PROSPECTS In these recent years, American electronic games industry is developing rapidly and has accelerated its speed of globalization...
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...managers who happen to also be my classmates. My prospective clients are considering these other asset managers so I have to make sure that I am successful in managing their portfolio. In the final days of this opportunity, the portfolio which I managed will be analyzed to see how well I performed and where I rank in comparison to the other asset managers. If my clients are satisfied with my performance in managing their portfolio, there is a high chance that my 10-week relationship will be extended with them. This project has taught me how to invest in stocks carefully and to research my stocks before I just buy and sell randomly. I was new to the trading in stocks and did not have any prior experience with the stock market. I didn’t know what I was doing at first but the more I researched the more I learned. Over time I realized that the trading game and making money is all about strategy. Not only is it strategy but also timing is very important when it comes to trading at the right moments. This can only happen if you do your homework before hand, which includes extensive research on the company and its financials in the past. I used articles to assist me in making the right choices and decisions for my portfolio. I ranked 4th in my class and had overall gains of $76,379.08 which is a lot better than I thought...
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...Mixed With Stock Market Play In Real-Time Kevin VanDusen University of Phoenix ECO/561 May 5, 2014 Resubmitted May 10, 2014 Fantasy Sports has become a long time favorite to many sports enthusiasts. This service has allowed the ability to select players from their favorite sports teams and form a customized team to use to compete against others for the ability to brag how your team is better than theirs. For those who want to be a part of the action but do not have the time for a draft can select to be a part of an auto draft where the system will choose your team for you. Both these are offered at no expense to the customer. Overtime services have been expanded into the market to include the ability to pay an entrance fee and compete for a pot of money collected at the end. Recently many new websites have been developed that enhance the game and adds changes to how it is played. One example of this is a website by the name of tradesports.com. This new website has formed a difference from others in that players can now pay and make changes to player line-ups during the game. Many have associated this with a form of stock market because of the ability to buy and sell positions based on current standings of the game, such as “over/under and whether a player will score above a certain number of points.” (Heitner, Darren 05/05/2014, Forbes Magazine) This service does require users to make a minimum amount of money that must be spent on each stock. In better...
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...American Institutional Legitimacy: The Stock Market and Beyond The Stock Market is something our culture sees as a jack pot but when they lose people see it as the worst thing ever invented. Jonathan is one of the people who sees it as a jackpot and is able to see that it can be more than just that. What Jonathan was trying to legitimate was the pump and dump system. It is where someone buys something for a ridiculously low amount and then sells it at a very high price. For example how amusement parks buy water bottles for a low price and sell it for $3 to $5 just because they can. Some people, like the SEC, might see it as a scam. Well the way he made a lot of money was that he would buy stock from companies that were not recognized by a lot of people so their stock value was under $5 thus he would buy it. Then he would go to chat rooms or Yahoo Finance and tell his predictions about how the company is going to sky rocket in the next days and how the price for the stock will increase. So then these people would go and buy stock and his predictions were actually coming true and the value of the stock rose. While that happened he sold out his stock for the highest price and he ended up making The SEC on the other hand were trying to make what Jonathan did into a federal crime. They claimed that only professionals should be allowed to give out information about the stock market. This lead to conflict with Jonathan since he was only a 16th year old boy and was not considered...
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...Kodak’s market share fell from 76% to 70% over a period of 5 years. That happened primarily due to film’s consumers being price-sensitive and preferring lower-priced films of Kodak’s competitors. Fuji and Polaroid, for example, enjoyed 15% growth in one year, while Kodak’s growth rate was only 3% during that same year. It is easy to see that consumers were provided with more options when it came to choosing film and since quality differences amount films were unclear, buyers based their preferences on price alone. Also, as soon as speculation arose about lowering a price on film, Kodak’s stock fell by 8% in value. Kodak was used to high gross margins; therefore, market’s expectation of leader’s lower prices and decreasing profits had a negative effect on its stock price and possibly even brand image. Second, Kodak faced stiff competition and the fact that Fuji was going after the US market. Fuji seriously differentiated itself from Kodak and grabbed consumers’ attention when it became the official film of the 1984 Summer Olympics in Los Angeles. Kodak’s response to Fuji’s move towards market domination has not been very timely or effective. It took Kodak 10 years to react and attempt to reposition itself in 1994 Olympic Winter Games in Norway. In my opinion, it was too little too late. Fuji’s campaign in 1984 was more successful because the games took place in the US and the games were Summer Olympics which are more popular than Winter Olympics. The winter games simply...
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...have been tied up in stocks ) Efficiency – how well the firm is using its resources. gearing ratio - expresses the ratio between borrowed capital and total capital employed. It is a measure of efficiency to help interpret the degree to which the activities of the firm are too tied up in loans that have to be financed and returned Both profit margins have improved, indicating an improvement in performance of Gadgets2u.com. This has been caused by both cost of goods sold and overheads falling as a proportion of turnover. This may have been caused by • better prices negotiated with suppliers as sales have grown enabling them to cut the cost of goods sold (purchasing economies of scale) • overheads being spread over a greater level of sales, hence reducing the unit cost • improved systems being developed to help improve productivity and therefore lower costs • any other relevant point. However, the net margin has improved by considerably more than the gross margin and this may indicate: • overheads being spread over a higher level of turnover. Overheads associated with the new e-commerce system may have stayed fairly steady as the system has spare capacity for growth. This would help reduce overheads per unit • the case study mentions higher staff workloads and this may reduce sales and admin overheads per unit • the growth in sales has not been accompanied by an increase in space used for admin and sales or stock storage and so they may...
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...M35BSSBusiness Process Integration | Coursework Reflective Pieces | Module leaderMark HaylesStudentFernando del Rio PerezSID: 40201587/27/2012 | | Contents Contents 2 List of Tables 2 Reflective Piece1: SAP and Article Review 3 SAP- Company ,products/services and benefits 3 Article review: Enterprize resource planing in reengineering business…………….....6 Reflective piece 2: Impact of Internet Technology on ERP 7 Benefits and adrawbacks of Web - based ERP systems 8 Reflective Piece 3: Understanding of ERPsim Game 10 Reflective Piece 4: Data mining and competitive advantage 12 Applications of Data mining 13 Reflective Work 5: ERP Sim Experience 15 List of References 17 List of Tables Table 1. SAP Business suite applications 3 Table 2. List of benefits and drawback of ERP systems 5 Table 3. Benefits and drawbacks of web - based ERP systems 9 Table 4. Individual roles of the group members 10 REFLECTIVE PIECE 1 – SAP and Article Review SAP- SAP – company, products/service and benefits Formed in 1972, SAP (Systems, Applications, and Products in Data Processing) is seen today as the largest inter-enterprise software firm in the global market. Due to the wide range of products that they have, SAP has become the third largest independent software solutions supplier for businesses. The headquarter of the company is located In Walldorf, Germany, However, they have subsidies in over 50 countries and thousands of customers in...
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...Strategic Case 6: Gamestop Plays to Win Carol Craig Wayne County Community College July 30, 2014 Table of Contents Introduction 3 Role of Physical Distribution in Retailing Strategy 3 Dual Distribution and Gamestop’s Marketing Efforts 4 Time, Place, Possession, and Form Utility 4 Game Vending Machines on College Campuses 5 Introduction Gamestop was founded in 1996 as a specialty retailer of new and used video game hardware and software. They have 6,600 stores in 17 countries and stock popular video game consoles and accessories from Sony, Microsoft, and Nintendo, plus thousands of games. They have a highly aggressive retail strategy with goals to open 400 new stores every year. With the current marketing strategy and business plan, Gamestop rings up $9 billion in annual sales. They sell to customers in traditional brick and mortar buildings, as well as, online sales.( Pride, W. M., & Ferrell, O. C. (2014). Marketing. Retailing, Direct Marketing, and Wholesaling, 16, 553.) Role of Physical Distribution in Retailing Strategy Physical distribution is the set of activities concerned with efficient movement of finished goods from the end of the production operation to the consumer. Physical distribution takes place within numerous wholesaling and retailing distribution channels, and includes such important decision areas as customer service, inventory control, materials handling, protective packaging, order procession, transportation, warehouse site selection, and warehousing...
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...corporation (SEC, n.d.). The SEC governs securities, but the same guidelines can be applied to other forms of monetary investment or gambling where one party has knowledge that unfairly provides an opportunity to make a more informed decision than other participants. Insider Trading Limits and Pete Rose The Pete Rose case is an example of illegal betting with inside information. Pete Rose should refrain from betting on the success of his team because he has information about the players, opponents, and game plan that other betting parties do not. Further, there could be arrangements made with the other team to play differently and receive monetary compensation, compromising trust and integrity of the sport (Klosterman, 2014). Punishments should be more severe for betting on a loss since the ability to create the loss by intentional poor performance, for...
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...the expected returns we took the probability and multiplied that by the rate of return for each type of economy, and then added them all up. To get standard deviation you must first calculate the variance. For that we took the rate of return minus expected return, squared that difference, multiplied that by the probability, and then summed them up. The get the standard deviation we took the square root of the variance. To get the coefficient of variations we took the standard deviation and divided it by the expected return. | T-Bills | Market | Games Inc. | Outplace Inc. | Expected Return | 6% | 10% | 13% | 12% | Standard Deviation | .03824 | .0875 | .2259 | .1308 | CV | .6374 | .8746 | 1.7374 | 1.0897 | We ranked the assets from least risky to most risky by their standard deviation and coefficient of variation and the ranks were the same. The T-Bills were the least risky followed by the market, Outplace Inc., and then Games Inc. In the investing world, the coefficient of variation allows you to determine how much risk you are assuming in comparison to the amount of return you can expect from your investment. The coefficient of variation is useful because the standard deviation of data must always be understood in the context of the mean of the data. In contrast, the actual value of the CV is independent of the unit in which the measurement has been taken, so it is a dimensionless number. For comparison between data sets with different units or widely different...
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...Microsoft Business Plan DD Business Plan Executive Summary The mission statement Microsoft has defined for its self is: “to help people and businesses throughout the world realize their full potential.” ("About microsoft,") In addition to aspiring to fulfill their mission statement they also uphold a set of core values. These values are practiced by the employees as well as the company as a whole. Microsoft’s makes the following statement concerning the values they admonish their employees to emulate: “Our values guide our behaviors and must shine through in all our interactions with each other and our stakeholders. Microsoft employees are great people who share the following values: integrity and honesty; passion for customers, partners, and technology; open and respectful with others and dedicated to making them better; willingness to take on big challenges and see them through; self-critical, questioning, and committed to personal excellence and self-improvement; and accountable for commitments, results, and quality to customers, shareholders, partners, and employees.” ("Microsoft standards of," 2010) Microsoft is a multi-billion dollar company currently based in Redmond, WA in the United States of America. It was founded in 1976 by two very young entrepreneurs by the names of William H. Gates III (Bill Gates) and Paul Allen. Both men are natives of Seattle, Washington. Bill Gates was just 19 and Paul Allen was 21 when they first started their venture...
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...understanding the behavior of complex systems over time. It deals with internal feedback loops and time delays that affect the behavior of the entire system. System dynamics use feedback loops and stocks and flows to study complex and non-linear systems. Dynamics of the system contain quantities that vary over time. There are several laws of Fifth Discipline showing how system dynamic works. 1) For every action, there is a reaction. It is self-proofed in the beer game. Every order has to be fulfilled, either in the current week (if enough stock is available) or in one of the next weeks (items go on backorder). 2) Short-term improvements often lead to long term difficulties. In the beer game, it’s always a tradeoff between fulfilling demand and minimizing cost. Timely delivery calls for enough inventory, while cumulative inventory results in climbing inventory cost, due to more people to handle the beer and more storage space, and there is also a possibility that the beer will be left in your inventory when the total period is over or the redundant beer might go bad since it cannot be kept long. 3) Cause and effect are not necessary closely related, either in time or in space. Sometimes solutions implemented here and now will have impacts far away at a much later time. In the beer game, it is not possible for any one component of the system to be immediately aware of the actions and needs of all other organizational components. A change of strategy for ordering can lead to...
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