Sunday, May 24, 2020
Prehistoric Life During the Permian Period
The Permian period was, literally, a time of beginnings and endings. It was during the Permian that the strange therapsids, or mammal-like reptiles, first appeared--and a population of therapsids went on to spawn the very first mammals of the ensuing Triassic period. However, the end of the Permian witnessed the most severe mass extinction in the history of the planet, even worse than the one that doomed the dinosaurs tens of millions of years later. The Permian was the last period of the Paleozoic Era (542-250 million years ago), preceded by the Cambrian, Ordovician, Silurian, Devonian and Carboniferous periods. Climate and Geography As during the preceding Carboniferous period, the climate of the Permian period was intimately linked with its geography. Most of the earths land mass remained locked up in the supercontinent of Pangea, with remote offshoots comprising present-day Siberia, Australia, and China. During the early Permian period, large portions of southern Pangea were covered by glaciers, but conditions warmed considerably by the beginning of the Triassic period, with the reappearance of vast rain forests at or near the equator. Ecosystems around the globe also became significantly drier, which spurred the evolution of new types of reptiles better adapted to cope with the arid climate. Terrestrial Life During the Permian Period Reptiles: The most important event of the Permian period was the rise of synapsid reptiles (an anatomical term denoting the appearance of a single hole in the skull, behind each eye). During the early Permian, these synapsids resembled crocodiles and even dinosaurs, as witness famous examples like Varanops and Dimetrodon. By the end of the Permian, a population ofà synapsids had branched off into therapsids, or mammal-like reptiles; at the same time, the very first archosaurs appeared, diapsid reptiles characterized by the two holes in their skulls behind each eye. A quarter of a billion years ago, no one could have predicted that these archosaurs were destined to evolve into the very first dinosaurs of the Mesozoic Era, as well as pterosaurs and crocodiles!Amphibians: The increasingly dry conditions of the Permian period were not kind to prehistoric amphibians, which found themselves out-competed by more adaptable reptiles (which could venture further onto dry land to lay their to ugh-shelled eggs, whereas amphibians were constrained to living near bodies of water). Two of the most notable amphibians of the early Permian were the six-foot-long Eryops and the bizarre Diplocaulus, which looked like a tentacled boomerang.Insects: During the Permian period, conditions werent yet ripe for the explosion of insect forms seen during the ensuing Mesozoic Era. The most common insects were giant cockroaches, the tough exoskeletons of which gave these arthropods a selective advantage over other terrestrial invertebrates, as well as various types of dragonflies, which werent quite as impressive as their plus-sized forebears of the earlier Carboniferous period, like the foot-long Megalneura. Marine Life During the Permian Period The Permian period has yielded surprisingly few fossils of marine vertebrates; the best-attested genera are prehistoric sharks like Helicoprion and Xenacanthus and prehistoric fish like Acanthodes. (This doesnt mean the worlds oceans werent well-stocked with sharks and fish, but rather that the geologic conditions didnt lend themselves to the fossilization process.) Marine reptiles were extremely scarce, especially compared to their explosion in the ensuing Triassic period; one of the few identified examples is the mysterious Claudiosaurus. Plant Life During the Permian Period If youre not a paleobotanist, you may or may not be interested in the replacement of one weird variety of prehistoric plantà (the lycopods) by another weird variety of prehistoric plant (the glossopterids). Suffice it to say that the Permian witnessed the evolution of new varieties of seed plants, as well as the spread of ferns, conifers, and cycads (which were an essential source of food to the reptiles of the Mesozoic Era). The Permian-Triassic Extinction Everyone knows about the K/T Extinction Event that wiped out the dinosaurs 65 million years ago, but the most severe mass extinction in earths history was the one that transpired at the end of the Permian period, which annihilated 70 percent of terrestrial genera and a whopping 95 percent of marine genera. No one knows exactly what caused the Permian-Triassic Extinction, though a series of massive volcanic eruptions resulting in a depletion of atmospheric oxygen is the most likely culprit. It was this great dying at the end of the Permian that opened up the earths ecosystems to new kinds of terrestrial and marine reptiles, and led, in turn, to the evolution of dinosaurs.
Monday, May 18, 2020
How Hip Hop Connects With Many Different Real World Problem
Chang writes in his book about how hip hop connects with many different real world problem going on politically and socially in many different places. He tells a story of a beaten and battered area of South Bronx. In this small area there was no law or order since many jobs were lost and most of what was left there were people of color from different parts of the world, including Puerto Rico and Jamaica. Due to the lack of protection Chang tells us that gangs were created as a means of protection from the junkies and other scavengers. Their way of dealing with things was very violent in nature, later on when more and more gangs started popping up they became territorial. They attacked other members who wore their ââ¬Å"colorsâ⬠on another gangââ¬â¢s turf. South Bronx became a very dangerous place full of nothing but youthful gangs and gang related violence. Socially it was the lack of jobs and other necessities that led to the creation of hip hop. There became a treaty of so rts, although its terms werenââ¬â¢t really discussed, but the gangs decided instead of focusing on violence and other things maybe they could focus on music to show the world their struggle. So all the different gangs started producing different strands of what we call hip hop. Each had different roots in it that all became mixed into a sort of melting pot. The four elements are DJing, B-boying, MCing, and graffiti. The appeal of Hip-Hop was how it brought to light the struggle that was going on in South Bronx and allShow MoreRelatedHarlem Renaissance Essay1341 Words à |à 6 Pages In the beginning of the chapter 3, Addison Gayle Jr., says that black critic today about how beautiful poem, melody, play, or novel had made single black manââ¬â¢s life. He also says that American writer an American for black honor attached. The one problem during the Renaissance was they had really short life there was no black people in it other than artists. Harlem Renaissance were first one to criticize black and white. They came to dominate Harlem Renaissance through creativity and culture. Madhubutiââ¬â¢sRead MoreThe Authenticity Of Hip Hop1891 Words à |à 8 PagesAuthenticity of Hip-Hop Authenticity has been connected to hip-hop since the genreââ¬â¢s inception in the late 1970s. Claims to authenticity are widespread to an unparalleled degree throughout all types of hip-hop music, from ââ¬Å"gangstaâ⬠, lyrical, and party. Why is hip-hop preoccupied to such a large extent with the notion of authenticity? What qualities creates authentic hip-hop? Despite the previous absence of scholarly attention given to hip-hop, there has been a recent growth in hip-hop academia as theRead MoreHip Hop Planet2869 Words à |à 12 Pagesearth, music has been an important part of our culture and lifestyles. Each walk of life beats to a different drum. Different cultures use music for many aspects of their lives; for religious purposes, for celebrations, for comfort, for sorrow, for relaxation, for sports, for dances, for energy, for learning, for sleeping, and for sexual experiences. Everyone uses music for something. Music connects with people and reaches them in ways that w ords simply cannot. Music is a representation of what feelingsRead MoreHip Hop And Rap Music Essay2008 Words à |à 9 Pagesexpress themselves. This is where, Hip Hop Based Education comes into play. Also known as HHBE, this a movement that helps bring hip hop into the classroom. ââ¬Å"We are experiencing a generational shift in the U.S. teaching force. Because of this shift, along with the increased presence of hip-hop culture within American culture, many educators no longer view hip-hop culture with the same air of skepticism common in the early stages of HHBEâ⬠(Love). HHBE has many positive and influential outcomes forRead MoreThe Black Religious Community, Gospel ( Christian ) Rap2632 Words à |à 11 Pagesmuch of what I would call secular Rap is off the hook these days. How so, do you ask? There is a surplus of gratuitous violence, and sexually explicit Rap lyrics, that currently ride the airwaves and is uploaded into countless IPODs, MP3s, and Myspace.com websites . And what should we say about the continual overexposure and repetitious degradation of young Black women, half naked in booty shorts; subliminally suggesting to many that to treat all women like bitches and hoe s is ok. It alsoRead MoreAnalysis Of The Movie Jay Z Carter 3841 Words à |à 16 Pages ââ¬Å"Hip-hop, of course, was hugely influential in finally making our slice of America visible through our own lens ââ¬â not through the lens of an outsiderâ⬠(Jay-Z 155). Shawn ââ¬ËJay-Zââ¬â¢ Carter is an American rapper, record producer, and entrepreneur. He has received 17 Grammy Awards as well as having sold more than 75 million records world-wide. These accolades and prolific record sales have made Carter one of the worldââ¬â¢s best-selling artists of all time. Carterââ¬â¢s love of rap, music and rhyme originatedRead MoreThe Art of Djing and Transgression to Digital Media Essay3502 Words à |à 15 Pagesthe DJs who were responsible for popularization of unknown at the time music genres such as reggae, disco, hip-hop, house or garage. Record companies were not eager to release obscure artists playing unknown music until DJs introduced the various music styles to the audience and popularized it among their fans. Next, I would like to briefly outline the history of the DJ to help understand how playing records has evolved over time into an art form with a cult-like following we can observe today. Read MoreManagement7125 Words à |à 29 Pagesoperating in and catering to a region renowned for reacting (and sometimes overreacting) negatively to controversial content.â⬠1 - Dana El Baltaji, Special Projects Manager, Trends magazine in Dubai, in 2008. ââ¬Å"In many ways (MTV Arabia) is the epitome of our localization strategy. Itââ¬â¢s a different audience (in the Middle East) but this is what we do -- we reflect culture and we respect culture. The programming mix on this one is going to be a little more local than normal.â⬠2 -William H. Roedy, ViceRead MoreMtv Arabian Challenge7403 Words à |à 30 Pagesoperating in and catering to a region renowned for reacting (and sometimes overreacting) negatively to controversial content.â⬠1 - Dana El Baltaji, Special Projects Manager, Trends magazine in Dubai, in 2008. ââ¬Å"In many ways (MTV Arabia) is the epitome of our localization strategy. Itââ¬â¢s a different audience (in the Middle East) but this is what we do -- we reflect culture and we respect culture. The programming mix on this one is going to be a little more local than normal.â⬠2 -William H. Roedy, Vice ChairmanRead MoreAnalysis Of The Song That I Selected2664 Words à |à 11 Pagescouple months, which caused them to move between areas on a regular basis. This meant that Marshall had to live in different places growing up, which had mostly included public housing projects. He has even gone on to state about this time, ââ¬Å"I would change schools two, three times a year.â⬠Thus, Marshall had a tough time making friends and was generally treated as an outsider by many other kids, even being bullied on multiple instances. Marshall went on to drop out of school at the age of 17, after
Wednesday, May 13, 2020
Richard Friedman s Seminal Work, Crime And Punishment Essay
Several themes emerge from the course Frontier Justice that match well with the major themes in Lawrence Friedmanââ¬â¢s, seminal work, Crime and Punishment in American History. His main thesis is that judgements about crime and what to do about it come from a specific time and place. Part of his work addresses the history of criminal justice in which he calls, the history of power. He identifies the relationship between crime, criminal justice and American culture. When one looks at the frontier West and its dynamics, one can see how those in power bent and at times broke the law in order to achieve their aims. Culture played an important role in many part of the West which was a far different culture than the one found in the East. This different culture resulted from the dynamics of Westward expansion and had dramatic role in shaping the West. Certainly, the frontier West can be described as both a time and place. Many have romanticized views of what the West was like. The historian Robert Utley wrote, ââ¬Å"historical reality lies somewhere between the extremesâ⬠. As one examines everything in between, what emerges from the comparison of Friedmanââ¬â¢s work and that of frontier justice, is a question of what were the causes of violence in the West. Before the frontier closed, it could be described at times as a lawless land influenced by the lawful law and the lawless law. The causes of this violence are as diverse as the West itself. Several factors came together in a sort of perfectShow MoreRelatedOrganisational Theory230255 Words à |à 922 Pagesa text that will give a good idea of the breadth and complexity of this important subject, and this is precisely what McAuley, Duberley and Johnson have provided. They have done some sterling service in bringing together the very diverse strands of work that today qualify as constituting the subject of organisational theory. Whilst their writing is accessible and engaging, their approach is scholarly and serious. It is so easy for students (and indeed others who should know better) to trivialize thisRead MoreDeveloping Management Skills404131 Words à |à 1617 Pagesbuilt-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Kim S. Cameron UNIVERSITY OF MICHIGAN Prentice Hall Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul SingaporeRead MoreManagement Course: MbaâËâ10 General Management215330 Words à |à 862 PagesManagement for Business Growth in a Demanding Economy Text à © The McGrawâËâHill Companies, 2004 4 THE POWER OF MANAGEMENT CAPITAL THE DEMANDS OF SUSTAINING PROFITABLE GROWTH IN A BUSINESS ENVIRONMENT WHERE THE FAST DEVOUR THE SLOW Our work in helping to increase the profitability of many of the worldââ¬â¢s major companies (as well as our database surveys of many other companies) has made it clear that all this complexity has been changing the fundamental dimensions of business strategy and
Wednesday, May 6, 2020
Jfk And The Civil Rights Movement - 1980 Words
One of the most beloved president in the history of the United States is John F. Kennedy. JFK is revered and esteemed as a champion of racial equality. This perception of him was delicately and strategically crafted by him through his performances during his presidential bid. However, JFK did not contribute much to the civil rights movement per se (). JFK did not produce many historical achievements in his term, which includes civil rights achievements (). Many experts even argue that the crucial Civil Rights Act of 1964 wouldââ¬â¢ve been either watered down or not even passed if JFK was not assassinated (). But shockingly, he is still seen in the eyes of many Americans as one of the main propellers of the advancement of civil rights. However, this perception combined with his assassination helped his successor, LBJ, to advance the civil rights movement. The perception of JFK as an avid advocate of the civil rights movement was more impactful than what he accomplished, but the pe rception he created helped propel movement to new heights. The promotion of civil rights was in alignment with JFKââ¬â¢s goal of winning the presidency, so he crafted a perception of himself as a champion of civil rights in an attempt to win the presidency. He ran for presidency during the era of Martin Luther King Jr. It was an era where a majority of African Americans wanted equal opportunity. African Americans made up a sizable chunk of the electorate base at that time, so it was in JFKââ¬â¢s best interestShow MoreRelatedThe Assassination Of John Fitzgerald Kennedy873 Words à |à 4 PagesJohn Fitzgerald Kennedy, also known as JFK, is one of the most infamous and tragic events in American history. JFK was one of the United Statesââ¬â¢ most influential politicians, and in the year 1961 he was appointed to be president. Less than a thousand days later, JFK was assassinated in Dallas, Texas, by gunman Lee Harvey Oswald. JFK was beloved both by many Americans and those abro ad, and thus his death came as a terrible shock to many across the globe. JFK was a great and stalwart individual - aRead MoreThe Civil Rights Movement 1104 Words à |à 5 Pageschildren consisting of four girls and five boys; however, by his family, he was known as Jack, not John. He went to Harvard for his college degree. He was in the naval position in the army and was well decorated with Navy and Peace Corps medals later on (JFK Library). In 1956, John F. Kennedy was chosen to run for vice president due to his popularity as a successful politician; however, he decided not to run and instead wanted to run for president the next term. John F. Kennedy was the 35th president ofRead MoreThe Legacy Of John F. Kennedy1429 Words à |à 6 PagesHowever JFK studied and graduated from Harvard in 1940. Three years later he volunteered in the U.S military. After the war was end Kennedy joined the politics as a democracy. Then he was elected in the House of Representative, and he served as a congress man for six years. It follows that he faced the republican Richard Nixon and he won the election that day with a small amount of votes. As a result of that he was the first American catholic president. He took the charges in the era of the civil rightsRead MoreKameron Harris. Mrs. Thompson. Hist 102-10. 2 May 2017.824 Words à |à 4 Pagescurrency such as the bronze penny and five-dollar bill, and the President who freed the slaves. JFK was the 35th President of America, household favorite, and the President who saved the world from nuclear destruction. But deep inside the walls of the White House, the two Presidents had other motives for that occurred during their term and many people believe that it led to both of their assassination. JFK and Abraham Lincoln were American Icons, and their secret past seem to hurt their legacy in theRead MoreBrown V. Board Of Education1145 Words à |à 5 Pageswell during 1954, known as Operation Wetback, which allowed for the capture of foreign Mexicanos. In public schools, white teachers and black teachers began to earn equal pay, so the movement was effective, but how strong would it move to reach racial equality for all? It is important to note, that during these movements, Black and Mexicans did not get along very well. They could never reach an agreement to work together for one cause, due to underlying beliefs. NAACP and LULAC had different viewsRead MoreThe War Of The Civil Rights Movement1476 Words à |à 6 PagesThe 1950s was a decade of prosperity, the economy was booming, military was strong, the beginning of the civil rights movement. In the 1960s the decade involved protest, the war in Vietnam, the fight for civil rights, and JFK. 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The Civil Rights Act of 1964 isRead MoreAnalysis Of Peter Charles Hoffer s For Ourselves And Our Posterity955 Words à |à 4 Pagesthis novel Hoffer makes many interesting and compelling arguments in saying that the preamble has been one of the most influential pieces of work in helping develop this country. After reading this book and looking at the civil war, the presidency of FDR, and the presidencies of JFK and Lyndon B. Johnson. I have found that I agree with Hofferââ¬â¢s opinion. President Abraham Lincoln took the phrases ââ¬Å"to form a more perfect unionâ⬠and ââ¬Å"to promote the general welfare ââ¬Å" from the preamble to heart. This isRead MoreWhat I Found in a Time Capsule in the Year 2325854 Words à |à 3 Pagesthat define the era of the 1960s. The very first item that we found was a news paper clipping about the Assassination of President John F. Kennedy on November 22, 1963. John F Kennedy, affectionately known by his family as Jack, and by the nation as JFK; was the 35th president of the United States beginning in January 1961 up until November 1963 when he was tragically shot down during a motorcade in downtown Dallas Texas Dealey Plaza. The President was beginning to work on his presidential campaign
Mcdonalds 10k Free Essays
Morningstarà ® DocumentResearchS Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2010 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission File Number 1-5231 McDONALDââ¬â¢S CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) One McDonaldââ¬â¢s Plaza Oak Brook, Illinois (Address of principal executive offices) 36-2361282 (I. We will write a custom essay sample on Mcdonalds 10k or any similar topic only for you Order Now R. S. Employer Identification No. ) 60523 (Zip code) Name of each exchange on which registered New York Stock Exchange Registrantââ¬â¢s telephone number, including area code: (630) 623-3000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Common stock, $. 01 par value Securities registered pursuant to Section 12(g) of the Act: None (Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No ? Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Act. Yes ? No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yesx No? Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (à §232. 05 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ? Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrantââ¬â¢s knowledge, in definitive proxy or information statements incorpora ted by reference in Part III of this Form 10-K or any amendment to this Form 10-K. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of ââ¬Å"large accelerated filer,â⬠ââ¬Å"accelerated filerâ⬠and ââ¬Å"smaller reporting companyâ⬠in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer xAccelerated filer ? Non-accelerated filer ? (do not check if a smaller reporting company)Smaller reporting company ? Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ? No x The aggregate market value of common stock held by non-affiliates of the registrant as of June 30, 2010 was $70,073,280,631. The number of shares outstanding of the registrantââ¬â¢s common stock as of January 31, 2011 was 1,043,298,941. DOCUMENTS INCORPORATED BY REFERENCE Part III of this Form 10-K incorporates information by reference from the registrantââ¬â¢s 2011 definitive proxy statement which will be filed no later than 120 days after December 31, 2010. Source: MCDONALDS CORP, 10-K, February 25, 2011Powered by Morningstar à ® Document ResearchSM Table of Contents Part I. Part II. Part III. Part IV. McDONALDââ¬â¢S CORPORATION INDEX Page Reference Item 1Business1 Item 1A Item 1B Item 2Properties6 Risk Factors and Cautionary Statement Regarding Forward-Looking Statements3 Unresolved Staff Comments5 Item 3 Item 5 Item 6 Item 7 Item 7A Item 8 Item 9 Item 9A Item 9B Item 10 Item 11 Item 12 Item 13 Item 14 Item 15 Legal Proceedings6 Market for Registrantââ¬â¢s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities7 Selected Financial Data9 Managementââ¬â¢s Discussion and Analysis of Financial Condition and Results of Operations10 Quantitative and Qualitative Disclosures About Market Risk27 Financial Statements and Supplementary Data27 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure48 Controls and Procedures48 Other Information48 Directors, Executive Officers and Corporate Governance48 Executive Compensation48 Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters48 Certain Relationships and Related Transactions, and Director Independence49 Principal Accountant Fees and Services49 Exhibits and Financial Statement Schedules49 52 53 Signatures Exhibits All trademarks used herein are the property of their respective owners and are used with permission. Source: MCDONALDS CORP, 10-K, February 25, 2011Powered by Morningstar à ® Document ResearchSM Table of Contents PART I ITEM 1. Business McDonaldââ¬â¢s Corporation, the registrant, together with its subsidiaries, is referred to herein as the ââ¬Å"Company. â⬠a. General development of business During 2010, there have been no material changes to the Companyââ¬â¢s corporate structure or in its method of conducting business. In 2010, the Company has continued the process it began in 2005 to realign certain subsidiaries to develop a corporate structure within its geographic segments that better reflects the operation of the McDonaldââ¬â¢s worldwide business. . Financial information about segments Segment data for the years ended December 31, 2010, 2009, and 2008 are included in Part II, Item 8, page 40 of this Form 10-K. c. Narrative description of business â⬠¢ General The Company franchises and operates McDonaldââ¬â¢s restaurants in the global restaurant industry. These restaurants serve a varied, yet limited, value-priced menu (see Products) in more than 100 countries around the world. All restaurants are operated either by the Company or by franchisees, including conventional franchisees under franchise arrangements, and foreign affiliated markets and developmental licensees under license agreements. The Companyââ¬â¢s operations are designed to assure consistency and high quality at every restaurant. When granting franchises or licenses, the Company is selective and generally is not in the practice of franchising to passive investors. Under the conventional franchise arrangement, franchisees provide a portion of the capital required by initially investing in the equipment, signs, seating and de? cor of their restaurant businesses, and by reinvesting in the business over time. The Company owns the land and building or secures long-term leases for both Company-operated and conventional franchised restaurant sites. In certain circumstances, the Company participates in reinvestment for conventional franchised restaurants. A discussion regarding site selection is included in Part I, Item 2, page 6 of this Form 10-K. Conventional franchisees contribute to the Companyââ¬â¢s revenue stream through the payment of rent and royalties based upon a percent of sales, with specified minimum rent payments, along with initial fees received upon the opening of a new restaurant or the granting of a new franchise term. The conventional franchise arrangement typically lasts 20 years, and franchising practices are generally consistent throughout the world. Over 70% of franchised restaurants operate under conventional franchise arrangements. The Company has an equity investment in a limited number of foreign affiliated markets, referred to as affiliates. The largest of these affiliates is Japan, where there are more than 3,300 restaurants. The Company receives a royalty based on a percent of sales in these markets. Under a developmental license arrangement, licensees provide capital for the entire business, including the real estate interest. While the Company has no capital invested, it receives a royalty based on a percent of sales, as well as initial fees. The largest of these developmental license arrangements operates more than 1,750 restaurants across 18 countries in Latin America and the Caribbean. The Company and its franchisees purchase food, packaging, equipment and other goods from numerous independent suppliers. The Company has established and strictly enforces high quality standards and product specifications. The Company has quality assurance labs around the world to ensure that its high standards are consistently met. The quality assurance process not only involves ongoing product reviews, but also on-site inspections of suppliersââ¬â¢ facilities. A quality assurance board, composed of the Companyââ¬â¢s technical, safety and supply chain specialists, provides strategic global leadership for all aspects of food quality and safety. In addition, the Company works closely with suppliers to encourage innovation, assure best practices and drive continuous improvement. Leveraging scale, supply chain infrastructure and risk management strategies, the Company also collaborates with suppliers toward a goal of achieving competitive, predictable food and paper costs over the long term. Independently owned and operated distribution centers, approved by the Company, distribute products and supplies to most McDonaldââ¬â¢s restaurants. In addition, restaurant personnel are trained in the proper storage, handling and preparation of products and in the delivery of customer service. McDonaldââ¬â¢s global brand is well known. Marketing, promotional and public relations activities are designed to promote McDonaldââ¬â¢s brand image and differentiate the Company from competitors. Marketing and promotional efforts focus on value, food taste, menu choice and the customer experience. The Company continuously endeavors to improve its social responsibility and environmental practices to achieve long-term sustainability, which benefits McDonaldââ¬â¢s and the communities it serves. The Company has disposed of non-McDonaldââ¬â¢s restaurant businesses to concentrate resources on its core business. In February 2009, the Company sold its minority ownership interest in Redbox Automated Retail, LLC, and in April 2008, the Company sold its minority ownership interest in U. K. -based Pret A Manger. â⬠¢Products McDonaldââ¬â¢s restaurants offer a substantially uniform menu, although there are geographic variations to suit local consumer preferences and tastes. In addition, McDonaldââ¬â¢s tests new products on an ongoing basis. McDonaldââ¬â¢s menu includes hamburgers and cheeseburgers, Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, Chicken Selects, Snack Wraps, french fries, salads, shakes, McFlurry desserts, sundaes, soft serve cones, pies, cookies, soft drinks, coffee, McCafe? beverages and other beverages. In addition, the restaurants sell a variety of other products during limited-time promotions. McDonaldââ¬â¢s restaurants in the U. S. and many international markets offer a full or limited breakfast menu. Breakfast offerings may include Egg McMuffin, Sausage McMuffin with Egg, McGriddles, biscuit and bagel sandwiches and hotcakes. Source: MCDONALDS CORP, 10-K, February 25, 2011Powered by Morningstar à ® Document ResearchSM Table of Contents â⬠¢Intellectual property The Company owns or is licensed to use valuable intellectual property including trademarks, service marks, patents, copyrights, trade secrets and other proprietary information. T he Company considers the trademarks ââ¬Å"McDonaldââ¬â¢sâ⬠and ââ¬Å"The Golden Arches Logoâ⬠to be of material importance to its business. Depending on the jurisdiction, trademarks and service marks generally are valid as long as they are used and/or registered. Patents, copyrights and licenses are of varying remaining durations. â⬠¢Seasonal operations The Company does not consider its operations to be seasonal to any material degree. â⬠¢ Working capital practices Information about the Companyââ¬â¢s working capital practices is incorporated herein by reference to Managementââ¬â¢s discussion and analysis of financial condition and results of operations for the years ended December 31, 2010, 2009, and 2008 in Part II, Item 7, pages 10 through 27, and the Consolidated statement of cash flows for the years ended December 31, 2010, 2009 and 2008 in Part II, Item 8, page 30 of this Form 10-K. â⬠¢ Customers The Companyââ¬â¢s business is not dependent upon either a single customer or small group of customers. â⬠¢ Backlog Company-operated restaurants have no backlog orders. â⬠¢Government contracts No material portion of the business is subject to renegotiation of profits or termination of contracts or subcontracts at the election of the U. S. government. â⬠¢ Competition McDonaldââ¬â¢s restaurants compete with international, national, regional and local retailers of food products. The Company competes on the basis of price, convenience, service, menu variety and product quality in a highly fragmented global restaurant industry. In measuring the Companyââ¬â¢s competitive position, management reviews data compiled by Euromonitor International, a leading source of market data with respect to the global restaurant industry. The Companyââ¬â¢s primary competition, which management refers to as the Informal Eating Out (IEO) segment, includes the following restaurant categories defined by Euromonitor International: quick-service eating establishments, casual dining full-service restaurants, 100% home delivery/takeaway providers, street stalls or kiosks, specialist coffee shops and self-service cafeterias. The IEO segment excludes establishments that primarily serve alcohol and full-service restaurants other than casual dining. Based on data from Euromonitor International, the global IEO segment was composed of approximately 6. 3 million outlets and generated $868 billion in annual sales in 2009, the most recent year for which data is available. McDonaldââ¬â¢s Systemwide 2009 restaurant business accounted for approximately 0. 5% of those outlets and about 8% of the sales. 2 Management also on occasion benchmarks McDonaldââ¬â¢s against the entire restaurant industry, including the IEO segment defined above and all other full-service restaurants. Based on data from Euromonitor International, the restaurant industry was composed of approximately 13. 1 million outlets and generated about $1. 79 trillion in annual sales in 2009. McDonaldââ¬â¢s Systemwide restaurant business accounted for approximately 0. 2% of those outlets and about 4% of the sales. â⬠¢Research and development The Company operates research and development facilities in the U. S. , Europe and Asia. While research and development activities are important to the Companyââ¬â¢s business, these expenditures are not material. Independent suppliers also conduct research activities that benefit the Company, its franchisees and suppliers (collectively referred to as the System). â⬠¢Environmental matters Increased focus by U. S. and overseas governmental authorities on environmental matters is likely to lead to new governmental initiatives, particularly in the area of climate change. While we cannot predict the precise nature of these initiatives, we expect that they may impact our business both directly and indirectly. Although the impact would likely vary by world region and/or market, we believe that adoption of new regulations may increase costs, including for the Company, its franchisees and suppliers. Also, there is a possibility that governmental initiatives, or actual or perceived effects of changes in weather patterns or climate, could have a direct impact on the operations of our restaurants or the operations of our suppliers in ways which we cannot predict at this time. The Company monitors developments related to environmental matters and plans to respond to governmental initiatives in a timely and appropriate manner. At this time, the Company has already undertaken its own initiatives relating to preservation of the environment, including the development of means of monitoring and reducing energy use, in many of its markets. â⬠¢Number of employees The Companyââ¬â¢s number of employees worldwide, including Company- operated restaurant employees, was approximately 400,000 as of year-end 2010. d. Financial information about geographic areas Financial information about geographic areas is incorporated herein by reference to Managementââ¬â¢s discussion and analysis of financial condition and results of operations in Part II, Item 7, pages 10 through 27 and Segment and geographic information in Part II, Item 8, page 40 of this Form 10-K. e. Available information The Company is subject to the informational requirements of the Securities Exchange Act of 1934 (Exchange Act). The Company therefore files periodic reports, proxy statements and other information with the Securities and Exchange Commission (SEC). Such reports may be obtained by visiting the Public Reference Room of the SEC at 100 F Street, NE, Washington, D. C. 20549, or by calling the SEC at (800) SEC-0330. In addition, the SEC maintains an internet site (www. sec. gov) that contains reports, proxy and information statements and other information. How to cite Mcdonalds 10k, Papers
Dead Poets Society Essay Paper Example For Students
Dead Poets Society Essay Paper Dead Poets Society Hysterical TextOne personââ¬â¢s interpretation of a story is always different than anotherââ¬â¢s. Some of us may see things that are not being shown to us. Dead Poets Society, in author Tania Modleskiââ¬â¢s eyes has taken on a manifestation larger than the author herself. This story is not what the author will have you believe, whereas the true story was hidden in the misconception of Modleskiââ¬â¢s beliefs. The sexual content, homoerotic tensions, and antiauthoritarian behavior, seemed to come from the authorââ¬â¢s wishful thinking as opposed to the reality of the film. In the film a homosexual theme could not be seen. When Mr. Keating came to the school to teach, he did not insist on being called oh captain my captain. That phrase was used only three times in the movie, once by Mr. Keating himself. Oh captain my captain was used by two separate young men as a show of admiration and respect for Mr. Keating. In contrast Modleski sees oh captain my captain as a ââ¬Å"pious deference to male authorityâ⬠(Modleski ââ¬Å" Dead White Male Heterosexual Poets Societyâ⬠315) because the very authority the film pretends to be challenging. One character that just enrolled at the school and was somewhat of a loner, and misfit, and is expected to achieve great success as his brother did before him. He is an example of how some families push one child to be exactly like another i.e. his older brother. When he first comes in contact with Mr. Keating he could not speak openly in front of a crowd. This is evident when he decides not to write a poem that is to be read in front of the class the following day. When Mr. Keating calls upon him to read and he cannot, he uses the technique of spinning him around while spewing out poetic phrases. This seems to work because he belts out some poetry from within and Mr. Keating says to him ââ¬Å"donââ¬â¢t you ever forget thisâ⬠, knowing that the technique had worked. There is one character that committed suicide according to Modleski because his father would not let him play a fairy in a play. What this character was trying to show was that he had finally broken free of his fatherââ¬â¢s decisions on how, and what, he should do. He auditioned for a play and got the part all by himself, without his fathers approval. This was something that he wanted to do, and was good at it. When his father forbid him to pursue acting, even second to him being a doctor, this was all he could take. Him putting his fairy crown on the open window ledge, just before committing suicide, symbolized the freeing of the actor inside, like an offering to a higher being. The boys in Welton Boarding School share what all boys their age share while at school. There are no signs of homoerotic tensions present. There are signs of groups forming and friendships being made. When they decided to form the Dead Poets Society it was a normal male bonding experience. An all male boa rding school does not mean that they are all homosexuals who are crying out for recognition. The movie did not illustrate any homosexual tension between the boys at any time in the movie. When Mr. Keating told the boys to rip out he introduction of the book he was trying to illustrate that writing poetry was not like reading a recipe. Poetry was feeling what you are writing, and it was from the heart not the mind. You cannot just put words down on paper they have to as Mr. Keating put it ââ¬Å"Drip off your tongueâ⬠. .u6d2098168cf9704d1018fba209e9b9f4 , .u6d2098168cf9704d1018fba209e9b9f4 .postImageUrl , .u6d2098168cf9704d1018fba209e9b9f4 .centered-text-area { min-height: 80px; position: relative; } .u6d2098168cf9704d1018fba209e9b9f4 , .u6d2098168cf9704d1018fba209e9b9f4:hover , .u6d2098168cf9704d1018fba209e9b9f4:visited , .u6d2098168cf9704d1018fba209e9b9f4:active { border:0!important; } .u6d2098168cf9704d1018fba209e9b9f4 .clearfix:after { content: ""; display: table; clear: both; } .u6d2098168cf9704d1018fba209e9b9f4 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u6d2098168cf9704d1018fba209e9b9f4:active , .u6d2098168cf9704d1018fba209e9b9f4:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u6d2098168cf9704d1018fba209e9b9f4 .centered-text-area { width: 100%; position: relative ; } .u6d2098168cf9704d1018fba209e9b9f4 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u6d2098168cf9704d1018fba209e9b9f4 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u6d2098168cf9704d1018fba209e9b9f4 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u6d2098168cf9704d1018fba209e9b9f4:hover .ctaButton { background-color: #34495E!important; } .u6d2098168cf9704d1018fba209e9b9f4 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u6d2098168cf9704d1018fba209e9b9f4 .u6d2098168cf9704d1018fba209e9b9f4-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u6d2098168cf9704d1018fba209e9b9f4:after { content: ""; display: block; clear: both; } READ: Is There Another Earth Out There? EssayStanding on the desk in a nonconforming way illustrated that when youââ¬â¢re up there you see things in a different way. Do not follow the same old way of doing things because it stifles creativity. Mr. Keating wanted these boys to break through of their fears, and achieve more than just what was expected of them. This boarding school was very strict and old fashioned, and Mr. Keating knew this, once being a student himself. His way of breaking out was to be in the Dead poets Society were he could make-up, and read poetry without conforming to the conservative attitude of the school. When he came to this school he knew that he was going to encourage freethinking. This is why there is no explanation for him leaving the school in England. Mr. Keating probably was dismissed from the school in England for his freethinking ways. He may travel from school to school spreading the Dead poets Society way of free expression. This is illustrated when a boy returns to his room, and finds Mr. Keatingââ¬â¢s book of poetry lying on his desk. When Modleski critiqued this movie, with good intentions in mind, somehow she lost her way. There are two sides to every story and these boys and Mr. Keatingââ¬â¢s has been told. The illustrations, and aforementioned reasons, show that Dead poets society is a hysterical text. We may never know the real meaning behind this movie, but we all have our interpretations of it. There are no hidden or reclusive meanings being portrayed here, just a boarding school that suppresses freedom of thought, and creativity. This is why Mr. Keatingââ¬â¢s character comes through loud and clear. English Essays
Monday, May 4, 2020
Business Level Strategy Business Concepts
Question: Describe about the Business Level Strategy for Business Concepts? Answer: Introduction HM Hennes Mauritz is a Swedish multinational design team renowned for its fast fashion clothing for women, men, teenagers and children. They have exclusive collection for everything, from quintessential basics to party collections at the best prices. The huge collection involves everything in style and functional sportswear, ranging to every occasion. The company has 59 stores worldwide and an online shopping facility in over 21 countries. The sustainability business concept lies in having fashion and quality at the best price. They offer inspiring fashion at unbeatable values. HM does not own factories but buy products from independent suppliers. The number of stores grows by 10 to 15 per cent every year and have several expansion units that include Monki, COS, Cheap Monday, Weekday, HM Home and Other Stories. The Corporate Governance is based on the principle of explain or comply. The company strives to be sustainable in the market by recycling waste, water efficient systems and o ther initiatives. The company has a wide range of fashionable products including clothing; accessories like belts, hats, footwear, jewellery; lingerie; cosmetics; home dcor items like curtains, towels, bed linen and sportswear. The company has collaborations with different international and stylish designers from Karl Lagerfeld to Beyonce (About.hm.com, 2015). Marketing process Fig.1 Marketing Process Situation Analysis- A SWOT analysis has been conducted for an overall situation analysis for HM. It is one of the largest global retailers in the fashion industry. They buy large volumes so as to provide affordable prices to the consumers. Their expansion in the online market created a huge opportunity in emerging economies. They have lower sales in home-ware. Marketing Strategy- The marketing strategy followed by HM is a concept of responsible marketing. A process of identification, anticipation and satisfaction of consumer needs is followed (Sustainability.hm.com, 2015). Marketing Mix decisions Product- HM has a wide range of fashionable products including clothing; accessories like belts, hats, footwear, jewellery; lingerie; cosmetics; home dcor items like curtains, towels, bed linen and sportswear. The concept followed by them is every day low price product. Price- The prices offered by HM with a high quality of product is affordable and cheap. The company follows a cost-based orientation. They make bulk purchases so that the cost is cut down for the company as well as the consumers. Place- HM has stores located in famous shopping street or in a renowned departmental store. They have online portal where consumers can purchase through the internet. The company provides shipping all over the world which makes it convenient and accessible for the people. Promotion- The promotional initiatives taken by the company is in the direct market through magazine, blogs and advertising through famous world celebrities. The company also uses print and video advertisements along with online marketing to promote their website (Moradi, Aghaie and Hosseini, 2013). Implementation Control HM controls different departments by applying different cultures in the organization. The company pays fair and reasonable wage to employees. The staffs are trained under different divisions at IT, HR and organizational development. The company selects and recruits employees and aims at managing diversity. Application of Marketing Mix within Marketing Process- The marketing mix concept was appropriately allocated through customer orientation, profitability and integrated marketing efforts. The changing needs of the people are met with a combination of product and price. The long-term and short-term strategies boost revenue (Roman, 2011). Benefits and costs of marketing orientation Marketing orientation is different from marketing strategies in a way by concentrating on establishment of selling points for existing products than to tailor products. Benefits of marketing orientation The marketing orientation focuses or satisfying customers desires. HM identified growth and opportunity sector by market segmentation strategies. The products that are currently in demand, a research design may be developed to identify and develop it. A competitive edge is known by applying principles of business for new product. Long-term goals and objectives are focused upon, thereby developing loyal relationships. The expenditure on ineffective marketing and advertising is less (Ragatz, Handfield and Petersen, 2002). Costs of Marketing Orientation The main cost lies in the manpower to conduct market research. The employees may be required to conduct a field research to identify needs and wants of targeted market. The financial expense to carry out the research affects the profit margin negatively. The costs to differentiate products from one another as a competitive advantage are also a part of marketing orientation. Segmentation, Targeting And Positioning Contemporary changes within micro and macro environment Micro-environment factors consist of company, competitors, marketing intermediaries and suppliers measured by SWOT analysis (Pahl, 2015). Strength- HM is trendy and fashionable at low prices with the best quality. The customers can enjoy a wide range of products and designs at a lower price. Weakness- The consistent low prices of goods create ambiguity in customers minds. Many people have a perception that it is difficult to keep changing fashion with fast changing trends. Opportunity- The collaborations with famous designers is a big opportunity. This helps in building brand image and attracts attention of new customers. Threat- The competitors like Zara, Topshop, Forever 21 are huge players. One missed trend can cost a lot to the company. The macro-environmental factors do not have a direct influence, but has an impact on marketing decision. It is measured through PESTLE Analysis. Political Factors- Since the raw materials are outsourced from some countries, it implies with custom duties that affects marketing. Economic Factors- A lot of sales and bargain marketing efforts helped in drawing more customers. The recession period and shortage of labor affects market. Social Factors- HM strives to be responsible socially and addresses green issues affecting marketing. Technological Factors- Advancement in techniques of efficient production, costs of materials, quality of work and outsourcing decisions that can have improvements in production process affects marketing. Legal Forces- HM complies with the code of conduct, Swedish legislation and Labor Act. These laws and regulations affect marketing decisions. Environmental Factors- HM intends to save the environment by creating a greener environment with the help of waste reduction, using renewable resources and saving energy. Proposition of Segmentation criteria Segmentation or segregation of the market for HMs products can be done on the basis of- Geographic Segmentation- Cultures across the world are different. The company must strive to adapt to different culture and fashion trends. HM can mix cultures of different countries and create fashion trends. Demographic Segmentation- Products must be designed in a way that covers all age groups and income groups. The products must be segmented for children, men and women differently. The prices must be divided in a way that suits all income groups from mediocre to rich class. Psychographic Segmentation- The lifestyle, social class and personality variables must be considered under this parameter. The habits, self-concept and loyalty of customers must be taken into consideration. Behavioral Segmentation- The attitude and response of customer towards same kind of clothes or a single chain is not appreciated. Multi-branded approach must be followed. The products must give a positive and unique experience to customers (Wedel and Kamakura, 2000). Product targeting strategy for Footwear Product Chosen As a marketing manager for HM, I choose to boost sales of Footwear. Purpose of Plan HM has focused mainly on clothing in recent years. There is a need to establish and boost sales of footwear. HM is not a destination of footwear shopping yet. Product Description The footwear range for HM is stylish, sexy, affordable and trendy. There are a range of products available from stylish high heels to a regularly working middle class person. Situational Analysis A SWOT analysis is conducted to determine the current situation of HM footwear. The range of footwear in HM is vibrant and colorful. There are stylish and trendy collections, while subtle and fancy collections for all age groups and occasions. Marketing Strategies Undifferentiated or Mass marketing- Online marketing and creating editorial content can be used to raise awareness. This marketing technique helps in lowering the costs. Differentiated or segmentation marketing- Different segments like income groups, age groups and people with same behavior and lifestyle must be focused upon. The products may be marketed accordingly. Concentrated or niche marketing- An own PR team can be run who understands the depth of the products. A small group may be targeted to elaborate the excellence of the product. Micromarketing- Initiatives for individual marketing can be derived by letting customers build their own products. Internet can act as a catalyst for this marketing strategy . Buying situations affecting organizations marketing activities The two buying situations where buyers behavior affects organizations marketing activities are: Business to Consumer (B2C) The factors that stimulate the purchase of a particular product are culture, social influence, marketing mix and reference groups. The process is based upon psychological factors, perceptions and attitudes towards the product and physiological factors. The response to the product reveals attitudes and belief as well as buying practice and behaviors for the product. The need of the product is determined by Maslows hierarchy of needs by need recognition and evaluation of alternatives that leads to a buying decision (Strydom, 2004). Business to Business (B2B) The micro-environmental forces such as SWOT and macro-environmental forces such as PESTLE are used to determine to buying behavior of customers. This model helps in understanding how buyers respond to various marketing stimuli. The expected response is different that includes a choice in buying of product, services or quantity (Macintosh, 2007). New positioning of E-Commerce HM is one of the leading retailers in the world that must plan to expand its e-commerce strength. The current online presence is in 10 European countries. New websites must be launched in 8-10 more European countries rolling in Italy, China and Spain. A robust website should be developed so as to connect with web and mobile assets with the store. The product offering must be made broader with a large number of brands online with inclusion of body care and hair products along with apparel and accessories. Unique features must be added. Smartphones will be able to scan an item in store and order online with a desired color or size. Improvements on navigation should be made with extended product selection and higher quality images . Extended Marketing Mix Competitive Advantage for Apparel Brand Trust- The apparel industry for HM has strong brand awareness among people. They emphasize on responsible marketing and use natural resources responsibly. They conduct an ethical practice that has built loyalty and trust among customers (Azevedo, 2013). Human Capital- HM has collaborations with a large number of designers. They delegate responsibilities of different departments by segmenting the apparels for children, men and women. There is high level of identification of corporate culture. Financial and other assets- The brand holds a high value with thousands of stores across the country and world. The company employs 132,000 employees that contribute in making HM the second top retailer in the world. HM Distribution The products for HM are directly distributed to the clients in the market place. The joint venture strategies are utilized for distribution of apparels, cosmetics and clothes. The entry into Milan Fashion scene helped in finding market for low end retailers. (Finne and Sivonen, 2009) Outlets were opened at Gremacy, SoHo, Manhattan, West Nyack and few other areas. The brand further expanded in Chicago and other suburbs. These areas cover a lot of people because of which the distribution to customers becomes easier. HM also has an e-commerce reach where people can order and shop while relaxing at home. The products details and price are mentioned with images that give customers a unique experience. Right Place Right Time Right Quantity Right Price Right Product Pricing Tactic HM follows a strategy where it can match the market conditions. It provides fewer prices to the customers while having competition with other brands at the same time. Pricing is used as a signal to customers in different marketing segments. The higher class people having a quality lifestyle, higher budget and taste have different prices. For people with lower budgets, stylish goods are offered but at a lower price. Discrimination pricing is followed by the company (Arslan and Kachani, 2010). Promotional Activity As a marketing and communication manager, several promotional techniques may be implemented. On social media, blogs may be created writing about the products and service quality by the company. Outdoor advertising and direct market magazine can be used to promote products. The company can use video advertisements and print advertisements. E-marketing can be used to attain business objectives by keeping in touch with customers, vendors, stockholders, employees etc (Peng and Wang, 2006). Impact of Extended Marketing Mix People- People like to change themselves with trends and fashion. They love to shop for themselves and others. Majority of people shopping are women. This has a major impact on HM as it is fashion and Textile Company. There are over 132,000 employees, 180 designers and various celebrity guest designers. The employees are provided with training that helps in serving the customers better (Pahl and Mohring, 2008). Physical Evidence- HM magazine is physical evidence that provides details of products with its images and price. The interior dcor and furniture also acts as physical evidence that gives a positive feeling to the customers about the standard of the brand. The online website of HM also acts as physical evidence that boosts customers in shopping online with convenience. Process- With the onset of globalization, HM subcontracted its business to various outsources. The suppliers are mainly located in Europe and Asia. The communication and IT department for the company is also set in many countries. Marketing is affected by inbound logistics, outbound logistics and supply chain process. Application Of Marketing Mix In Different Contexts Marketing Mix for Two different segments Demographic Segmentation Product- The products are manufactured on the basis of countrys ethnicity, their income groups, age dominance and gender dominance. Price- The price must follow a discriminated strategy by charging less from people who cannot afford high budget products. People with high income are sold higher budget products (Kim et al., 2011). Place- The reach to customers in this segment can be focused by approaching on website. The stores may be opened in central areas as well as suburbs. Promotion- Mass marketing strategy can be followed to approach the whole demographic segment (Hennigs et al., 2013). Psychographic Segmentation Product- The products may be designed on the basis of attitudes, perceptions and behaviour of people. Price- Price differentiation strategy may be followed to have a competitive advantage over other brands like Zara. Place- The stores must be opened at places providing convenience to the customers. Online shopping experience must be enhanced (Lee, 2011). Promotion- Promotional techniques may be followed with niche marketing so that particular group of people with similar behaviours or attitudes can be addressed. Difference in marketing tactics Marketing tactics to business The marketing tactics for business depends upon external environment of the business. The business models depend on the political and economic environment accompanied by technological and legal environment. The environmental forces are put into action so as to have effective marketing (Jakada and Kuka, 2014). Marketing tactics to consumers The marketing tactics to consumers involves different segments of men, women and children. The products marketed are enormous in nature with respect to style, colours and price. HM follows responsible marketing when it comes to consumers. The marketing methods are influenced by culture, social norms, attitudes and beliefs. The marketing tactics depends on internal environment of the business (Odekerken-Schrder, De Wulf and Schumacher, 2003). Marketing difference between in domestic and international environment There is a difference in marketing the products of HM domestically and internationally. The global strategies focus on competition with other multinationals or other global firms. Marketing mix is adapted with the different markets in different countries. While entering a new market, demographic factors, economic growth and risks are taken into account. The company has a clear vision and strategy to succeed in the international market. The company expands internationally slowly by adapting to the cultures of country. Different products and prices are set depending on the country. The marketing effect on countries is variable. Promotional techniques are used in a way that has the maximum impact on peoples mind (Mo, 2015). Conclusion HM is the second largest fashion retailer in the world offering quality products at affordable prices. Various marketing mix is applied to develop products and services successful all over the world. The promotional strategies by collaborations with famous designers make the company achieve higher standards of business. The wide range of products available such as clothing, footwear, accessories, home ware and lingerie gives HM to expand its business further. Products are available at low prices without compromising on the quality. Marketing tactics applied for consumers is different that of business models. The marketing method in domestic country is different with that of international countries. Micro-environment and macro-environmental analysis clearly states that the business has strengths of high quality with vibrant range of products. The customers are loyal towards the company. HM offers competitive advantages in comparison with other brands. There is a scope for expansion an d development of E-commerce. The distribution strategy may be further improved. The website can be further developed and expanded in countries to provide ease to customers in the world. References About.hm.com, (2015).Business concept. [online] Available at: https://about.hm.com/en/About/facts-about-hm/about-hm/business-concept.html [Accessed 2 Aug. 2015]. About.hm.com, (2015).HM Group. [online] Available at: https://about.hm.com/en/About/facts-about-hm/about-hm/hm-group.html#cm-menu [Accessed 2 Aug. 2015]. Arslan, H. and Kachani, S. (2010). Dynamic Pricing Under Consumer Reference-Price Effects.Wiley Encyclopedia of Operations Research and Management Science. Azevedo, A. (2013).Advances in sustainable and competitive manufacturing systems. Cham: Springer. Belz, F. and Schmidt-Riediger, B. (2009). Marketing strategies in the age of sustainable development: evidence from the food industry.Business Strategy and the Environment, p.n/a-n/a. Finne, S. and Sivonen, H. (2009).The retail value chain. London: Kogan Page. Hennigs, N., Wiedmann, K., Behrens, S., Klarmann, C. and Carduck, J. (2013). Brand extensions.Journal of Fashion Marketing and Management: An International Journal, 17(4), pp.390-402. Jakada, B. and Kuka, M. (2014). Relationship marketing and its impact on customer loyalty in service industry.IJSEI, 3(1), p.71. Kim, H., Moon, H., Choo, H. and Yoon, N. (2011). The Effect of Fashion Luxury Consumption Values on the Intention to Maintain Brand Relationships -Differences among Segmented Markets Based on Purchasing Patterns-.Journal of the Korean Society of Clothing and Textiles, 35(4), pp.408-420. Lee, M. (2011). A Study of Purchasing Behaviors on Female Markets Segmented by Clothing Image Preference.Journal of the Korean Home Economics Association, 49(1), pp.93-106. Leeman, J. (2010).Supply Chain Management. Dusseldorf: Institute for Business Process Management. Macintosh, G. (2007). Customer orientation, relationship quality, and relational benefits to the firm.Journal of Services Marketing, 21(3), pp.150-159. Mo, Z. (2015). Internationalization Process of Fast Fashion Retailers: Evidence of HM and Zara.IJBM, 10(3). Moradi, M., Aghaie, A. and Hosseini, M. (2013). An Agent-Based Knowledge Management Framework for Marketing-Mix Decision Making.International Journal of Strategic Decision Sciences, 4(3), pp.109-128. Odekerken-Schrder, G., De Wulf, K. and Schumacher, P. (2003). Strengthening outcomes of retailerconsumer relationships.Journal of Business Research, 56(3), pp.177-190. Pahl, N. (2015).GRIN - Successful Business Models in the Fashion Retail Industry. Strategic Audit of HM compared to ZARA. [online] Grin.com. Available at: https://www.grin.com/en/e-book/124623/successful-business-models-in-the-fashion-retail-industry-strategic-audit [Accessed 4 Aug. 2015]. Pahl, N. and Mohring, W. (2008).Successful business models in the fashion retail industry. Norderstedt, Germany: GRIN Verlag. Peng, L. and Wang, Q. (2006). Impact of Relationship Marketing Tactics (RMTs) on Switchers and Stayers in a Competitive Service Industry.Journal of Marketing Management, 22(1-2), pp.25-59. Ragatz, G., Handfield, R. and Petersen, K. (2002). Benefits associated with supplier integration into new product development under conditions of technology uncertainty.Journal of Business Research, 55(5), pp.389-400. Roman, E. (2011).Voice-of-the-customer marketing. New York: McGraw-Hill. Strydom, J. (2004).Introduction to marketing. Cape Town, South Africa: Juta. Sustainability.hm.com, (2015).Responsible marketing. [online] Available at: https://sustainability.hm.com/en/sustainability/commitments/be-ethical/responsible-marketing.html [Accessed 2 Aug. 2015]. Wedel, M. and Kamakura, W. (2000).Market segmentation. Boston: Kluwer Academic. Zhenxiang, W. (2011). Case Study of Online Retailing Fast Fashion Industry.IJEEEE.
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