Wednesday, August 26, 2020
Westmills Carpets Limited What ought to be done?Derek Mather should go about as the turnaround administrator and get everyone engaged with his answer under his immediate order. The most dire thing is to dispose of non-gainful items and cut expense. Then again, he ought to improve collaboration among offices and completely build up the control and monetary framework so as to accomplish on-time conveyance and dependable item quality.Why should it be done?First, the level of investor responsibility would be amazing if CED is set up to flexibly extra capital and work force. As of now, Westmills need a turnaround chief to carry request to tumult. Derek, VP of CED is a decent contender to fulfill investors and bankers.Secondly, Westmills has impediment in their gear to deliver multicolour rugs. Multicolour structure is badly fit to the Calgary plat. Furthermore, because of imported material and conversion scale, its significant expense constrained Westmills into non-serious situation.DEREK 1On the other hand, they can make a decent strong shading texture and sensible updates will bring more benefit for them.Third, trustworthiness of conveyance and great quality are consistently significant in keeping up great client relationship. Be that as it may, Westmills' quality and conveyance issue are the most exceedingly terrible ever. One explanation is the troubles of coordination between certain offices, for example, dire deals request cause fabricating division incapable to plan appropriately, which ascend the quality issue and make client unsatisfied. At that point it will be hard to get request from this client once more. The other explanation is half-completed control framework, with deficiency from request passage to cost control, can't keep sensible compelling or effective standard.How should it be done?At first, Derek should surrender non-beneficial items, for example, multicolour covers and redesign its solid productsolid shading configuration so as to get more benefit from it.Second, Derek should...
Saturday, August 22, 2020
What exactly ExtenT do 'Turn around Burdens' Whittle down the Rule in Woolmington v DPP - Essay Example This paper exhibits how opposite weights have trimmed down the assumption of honesty and how converse weights are supported in fitting cases. I. The Presumption of Innocence All people blamed for a criminal offense are assumed honest. The assumption of honesty is arranged by Article 6(2) of the ECHR. Article 6(2) which is introduced by an option to reasonable preliminary inside a sensible time,4 accommodates the assumption of guiltlessness until society is demonstrated Ã¢â¬Å"according to lawÃ¢â¬ .5By goodness of the Human Rights Act 1998, the ECHR is a piece of the British law and every single national rule must be perused and deciphered so as to be perfect with the ECHR.6 The assumption of blamelessness implies that the arraignment must demonstrate the basic components of the supposed offense. As BlackstoneÃ¢â¬â¢s Criminal Practice takes note of: The expression Ã¢â¬Ëthe assumption of innocenceÃ¢â¬â¢ is frequently utilized as a helpful condensing of the customary law decide that, as a rule, the indictment bears the weight of demonstrating all the components in the offense important to set up guilt.7 Specifically, the arraignment must demonstrate that the respondent carried out the demonstration establishing the offense (actus reus) and had the Ã¢â¬Å"requisite condition of mindÃ¢â¬ (mens rea).8 The precedent-based law rule was expressed by Lord Sankey in Woolmington v DPP. For the situation, the litigant was indicted for killing his significant other because of shooting. The litigant contended that the firearm was released inadvertently. The preliminary appointed authority decided that the litigant bore the weight of demonstrating that he came up short on the vital mens rea. Upon request, the House of Lords, permitting the intrigue decided that in criminal preliminaries, the precedent-based law decide was that the weight of evidence indicating blame past a sensible uncertainty lived with the prosecution.9 Therefore the assumption of honesty isn't lo st until such time as the indictment releases the weight of verification past a sensible. This is an essential imperative for a reasonable preliminary as per Article 6 of the ECHR.10 It was held in McIntosh v Lord Advocate11 that a troublesome Catch 22 is made by the assumption of blamelessness and the publicÃ¢â¬â¢s enthusiasm for guaranteeing that the liable are convicte
Friday, August 21, 2020
Valuation Principles Time Value of Money If I offered you $500 now or $500 in a year, which option would you take? You might be thinking itâs a trick question and you probably will pick the correct answer intuitively (hint: itâs to take the money now!), but a proper canalization of the options can help better understand a crucial principle in financial valuation: Time Value of Money. So, letâs examine what the concept is all about and the theoretical reason for going with Option A.THE CORE CONCEPT OF TIME VALUE OF MONEYThe concept of Time Value Money (TVM) is a useful concept for everyone to understand. Aside from being known as TVM, the theory is sometimes referred to the present discount value. The concept is one of the many theories of financial management and it can help you understand the value of things more comprehensively.Instead of just knowing what the value of something is at the current moment, you should also be aware of the value in the future or indeed in the past. So, what does TVM imply? The core principle of TVM states that money at the present value is worth more than the same amount of money in the future. The statement sounds simple, but that is the beauty of TVM: the core concept shouldnât be that difficult to grasp. If you get $500 now, the value of it will be higher than if you get $500 in a year.The explanation is also simple. If you are scratching your head thinking how can the same amount of money be more valuable now than in six months, the answer is: it has more earning potential. You are essentially able to increase the value of your $500 from the present more than the value of the $500 you get in a year. The money you receive sooner will have more time to increase in value, through interest, than the money you receive later â" even when the actual amount is the same in value.This idea is one of the core principles of finance and if you think about it, itâs rather obvious, isnât it? Your money can earn more interest the quicker you get it. If you want to look at what you have in a year, the $500 you get today will have more time to gain interest than the $500 you get in next year.AN EXAMPLE OF TVMCheck the introductory video of an example of the above information: You can also consider through the question I posed at the start. If you are given the option to take $500 today or $500 next year, which opt ion would you take? Now the answer rather intuitively would be to say, âIâll take the$500 now, thank you very muchâ. After all, why would you wait a year to get your hands on the money?In this instance, your intuition is quite right, too. But itâs not just about accepting the money sooner and thus being able to go shopping straight away that makes accepting the money now better. The $500 you take today will have higher value to the $500 youâd receive in a year.Although most people would choose the first option straight away, many would make the mistake of stating the value is the same in both occasions. But the earning potential of the $500 you accept today is higher than the earning potential of next yearâs $500. It is this earning potential, which increases the value of your $500.The reason the first option is more valuable is down to a few reasons, which you need to understand about the TVM. Your todayâs $500 is more valuable because:The risk associated with the val ue is non-existent. You simply donât have any risk in getting back money, which you already have.The purchasing power of the money you receive now will be higher. This is down to inflation, which can reduce the value of your $500 in a year. For instance, the $500 you receive today would have bought a lot more things 20 years ago.By taking the money later, you would face an opportunity cost. As mentioned, the money you receive now will be able earn interest longer than the money you receive in the future. The lost opportunity to earn the interest creates the opportunity cost.What does the example here tell us about TVM? It highlights the two fundamental principles of the concept: more is better than less and sooner is better than later.Letâs put the above information down into a graph format, as it can help understand the example of TVM even better. So, youâll have two options:Option A: Take $500 now$500$500+interestNow..2 Months....4 Months....6 Months$500 â" interest$500Opti on B: Take $500 in six monthsWHAT TO FIND OUT WITH TVMOK, so TVM tells us the rather obvious principle that you should accept the offer if someone wants to hand out money for you now, rather than wait a few years to get it. But is there anything more to the time value of money? Why should we understand things like earning potentials and value of money?TVM can help you understand a basic, yet crucial concept of finance, which is that the net value of money at different points in time is different. If you need to deal with money and investments, you should be able to understand the concept. Whether you are an investor, a business owner or just a savvy saver, the concept will be valuable in figuring out the real value of the money you receive, either true investments, savings or cash flow or income. TVM essentially helps you to understand:Investments â" Can answer questions, such as, âWhat happens to your investment depending on the timeline of your investments?â Itâs also often used by investors to calculate the risk free rate of return, i.e. the value of a guaranteed future payment in todayâs money to figure whether an investment today is worth it.Cash flow â" Helps you figure out why the cash flow changes depending on when you receive the money.Savings â" Useful in calculating the differences between different investment scenarios.Earnings â" Shows the changes in your earning potential based on when you receive the income.The TVM concept is useful in understanding the true, present value of a sum, together with the possible future value of a sum. With the help of the formula, you can be fully aware of what that $5 is actually worth at this moment, as well as the earning potential it has in the future. To put it in the simplest terms, the TVM formula can help you calculate:The present value of something. The calculation could be about the present value of things like annuities and perpetuities. This can help you evaluate whether a specific cash flo w is currently an earning or an obligation to the organization, for example.The future value of something. Again, this might be in regards of the future value of an annuity. If you are taking out a retirement annuity, you can use the formula to count how much more you could make by starting it right now, against starting in five years, for example. Similarly, you can figure out what changes occur if you change the sum, you are putting in and so on.With the concept, you are essentially able to understand the different value money has depending on how much you have it and when you put it to use â" whether it is through investments or savings.THE TVM FORMULASo, how can you calculate the time value of money? The formula requires you to examine the following variables:A balance â" In the example, the balance would be $500.A periodic rate of interest â" The interest you gain during a specific period. For example, it could be 2% each month.The number of periods â" The number of period s of interests youâll have. In the example, if you gain 2% each month, the number of periods would be 12 months.A series of cash flow/monetary intakeâ"Refers to any additional money intake that might take place during the time. This is especially important when dealing with savings accounts or cash flow predictions.Letâs look at the components in another way and explore the actual formula you would use to calculate future value with TVM. The formula looks like this: What does it mean? Well, the meaning of each component is explained in the graph below and they are essentially the same as the variables mentioned above, just with a different name:FVFuture Value of Money. The equation is to solve what the future value of your amount will be. In our example, it would be about finding the value of the $500 in a yearâs time.PVPresent Value of Money. The amount of money you are examining, which in the example would be $500.IInterest Rate. This is the amount youâre gaining in interest during a specific period of time. It could be 2% annual gain or a monthly interest payment.NNumber of compounding periods per year. This refers to how often the money gains interest during a year. If in our example, the interest is paid monthly, the number of compounding periods per year would be 12. If the interest was only paid once a year, it would be 1 and so on.TNumber of years. You might have more than one year of interest payments in your situation. In my questi on I only asked for a one year period, but in most actual TVM calculations you would be looking at a longer time period, such as five years or ten years.If we take the above information and calculate our little thought experiment, the calculation would look like this: After you do the math, the answer would be: The above formula is the most fundamental TVM formula that you can use. From it, you can quickly draw up the other formulas to count things like Present Value or Future Value of Annuity. For example, using the fundamental formula, the way you would calculate the Present Value of something â" for instance, the value of an investment gain you are promised â" using the below formula: If you were offered $10,000 in two years, what would the present value of the amount be? Using the above formula, you would be able to understand what kind of investment you are talking about in current value. This is essential to understand when considering an investment, for example.While our example of âtake $500 now or in a yearâ is a rather simplistic one, the above formula and the concept of TVM is highly useful if you are presented with the choice of two different sums. What if I had offered you to either take $500 now or $800 next year, which would you have accepted? Knowing the ârightâ answer is easier when you understand and can calculate the TVM, as youâll be able to know:What is the future value of the $500?What is the present value of the $800?Essentially, you are only going to need to know four of the five components to figure out the fifth. This makes the formula easy to use and to understand.COMPOUNDING AND DISCOUNTINGThe final pieces of the puzzle you need to understand with TVM are the two crucial techniques of compounding and discounting. Each one of your TVM calculations will deal with either of these techniques.CompoundingCompounding is essentially about the money moving forwards in time. Itâs the process, which determines the future value of your money, such as an investment. The idea of compound growth tells you that if you have $500 today and it earns an annual interest of 2%, then your initial money will grow into something bigger in the future.Furthermore, compounding shows the future value in instances where the interest continues to add as the value goes up. What does this mean? Well if you originally invest $500 and your investment earns 2% every year, with your investment lasting five years. On the first year, you gain interest on the original $500, but after that you gain interest on the $500 + the interest from previous years. This would mean:Starting investment: $500Year One: $500 + 2% interest = $510Year Two: ($500 + 2% interest) + 2% interest = $520.20And so on. The initial amount is compounding because it gains interest on the initial amount, but also because it earns interest on the interest payments.Compounding can be used to solve three major themes of issues in regards to understanding a future value of money. These are:The future value of a single sum. If I get $500, what will it be worth in 5 years with a determined annual interest?The future value of a series of payments. If I get $500 every year, what will it be worth in 5 years with a determined annual interest?The payments needed to make in order to achieve a future value. If I want to have $10,000 in five years and I know the determined interest, how much do I need to have at the moment or invest annually to achieve this?DiscountingAs you might have guessed, discounting is the opposite of compounding. In discounting, money is moving backwards in time. The process determines what the present value of a known value in the future is. In discounting, the current value is determined by applying the opportunity cost to the value expected to be received in the future. So, if you were told to receive $500 in five years, you could determine the present value of this money with the technique of discounting. Discounting is essentially the inverse of growing.Discounting can be useful to solve three specific issues of TVM. These are:The present value of a single sum. If Iâm told to have $500 in five years, with the interest standing at 2% annually what is the value today?The present value of a series of payments. If I have an annuity that pays $1,000 every month for next ten years, how much shall I pay for it, in order to gain 2% each year?The amount needed to amortize a present value. How much do I need to pay on a 10-year loan of $20,000 if the annual compound rate is 3.5%?THE BOTTOM LINETime Value of Money is an essential concept of financial theory you should be aware of. It quite literally, shows that time is mone y. The same amount of money today is different in value to the same amount in five years. The $500 today is not the same as the $500 in a year because you have more earning potential with the money you receive earlier.But as the above has shown, the TVM formula is not just good at determining the obvious â" that you should accept an offer of money today, instead of getting the same sum later â" but it helps solve a lot of investment and savings related problems. With the help of the formula, you can find out what the future and the present value of money is and make better spending, savings and investment calls based on this knowledge.
Sunday, May 24, 2020
Gods and Generals The American Civil War was a military conflict between the United States of America (the Union), and 11 secessionist Southern states, organized as the Confederate States of America (the Confederacy). It was the culmination of four decades of intense sectional conflict and it reflected deep-seated economic, social, and political differences between the North and the South. Many books have been written on this Ã¢â¬Å"first modern warÃ¢â¬ describing how over 620,000 men were killed. Jeff Shaara goes deeper and explores the personal conflicts of four historical figures, two from the South and two from North: General Lee, General Jackson, Colonel Chamberlain, and Hancock. Robert E. LeeÃ¢â¬â¢s story began with a dilemma; he had toÃ¢â¬ ¦show more contentÃ¢â¬ ¦135) This describes Major JacksonÃ¢â¬â¢s general attitude towards war and towards God. Jackson is extremely pious and does all he can to please God and to follow His path. Newspaper coverage of his battles quickly publicized him and the title Hero was given to Jackson. Throughout the war, Jackson shows dedication, going beyond his orders and chasing away his enemies. He also shows an immense concern for his troops, he Ã¢â¬Å"had seen the bare feet, the bloody impressions, and he felt a deep pain, a sadness.Ã¢â¬ (Pg. 289) His men were shabby compared to the forces of Hancock and Chamberlain. Winfield Scott Hancock, named after General Winfield Scott, has the talent of making himself Ã¢â¬Å"indispensable in any assignment he is given...Ã¢â¬ (Pg. 5) Due to this talent, he is the best suited to take the role of Quartermaster. After various locations, he is transferred to California, where his story begins. Like Lee, he feels he belongs on the battlefield, and not in an office. Hancock visits General McClellan and is told, Ã¢â¬Å"We need leaders, Mr. Hancock. I believe that includes you.Ã¢â¬ (Pg. 160) And so, his duty is now assigned. One of the many patriots, Joshua Chamberlain enlisted in the Union Army to defend his country. It is ironic because Ã¢â¬Å"he had never enjoyed shooting anything...Ã¢â¬ (Pg. 36) and yet he is willing to kill in pride for his country. A teacher Bowdoin, he receives high recommendations to the army, and Governor Washburn offersShow MoreRelated gods and generals Essay757 Words Ã |Ã 4 Pages nbsp;nbsp;nbsp;nbsp;nbsp;Gods and Generals, 2003, Colonel Joshua Chamberlain (JEFF DANIELS), Confederate Generals Robert E. Lee (ROBERT DUVALL), Thomas quot;Stonewallquot; Jackson (STEPHEN LANG), Maj. Gen. Joseph Hooker (MAC BUTLER), and Capt. Alexander Ã¢â¬ËSandieÃ¢â¬â¢ Pendleton (JEREMY LONDON). The movie Gods and Generals is a portrayal of the actions that were illustrated very eloquently and captivatingly in the book Gods and Generals, written by Jeff Shaara. The movie even though was less thanRead MoreEssay on General Revelations of God1007 Words Ã |Ã 5 Pageswe have the ability to reach God. The witness of Scripture and leading theologians attest that individuals have a limited knowledge of God through general revelation in the natural world. General revelation can provide valid knowledge that there is a God, which aids in the acceptance of special revelation. General revelation is an individuals ability to gain knowledge of God through his presence in the world. The knowledge we are able to gain through general revelation is limited. It doesntRead More Killer Angels The Human Factor Essay976 Words Ã |Ã 4 Pageshuman element of battle that creates a very unpredictable outcome. Factors of humanity, such as friendships, sense of character, conflicts and brotherhood, play an important part in making the war. The friendship between Confederate General Lewis Armistead and Union General Winfield Scott Hancock has an effect on their fighting. Garnettamp;#8217;s sense of honor effects his psychological outlook on the battle and how he is to fight. The Chamberlains are two brothers in the Twentieth Maine of the UnionRead MoreDifferences Between Gods And Generals And Gettysburg1436 Words Ã |Ã 6 Pages There are a lot of differences between Gods and Generals and Gettysburg even though these movies are to coincide with each other. Each film was funded by Ted Turner and though Gods and Generals was produced after Gettysburg the film is meant to be watched before Gettysburg as to follow in Chronological order. These films slowly start to be less funded as Ted Turner ran out of money to produce them, there was supposed to be a third film in the set but unfortunately he ran out of money before beingRead MoreGeneral, And God s Responsibility For His Pain Essay2460 Words Ã |Ã 10 Pagescomforters as he dared to say things about God that shocked them and perhaps make us pause as well. Although the friends will get their full-fledged turn in our next chapter, here we will begin to hear them Ã¢â¬Å"speakÃ¢â¬ because their claims were part of the backdrop for JobÃ¢â¬â¢s outraged responses. As we will see, he dismissed them quite soon and focused on other issues related to his suffering, not least how to understand the prospect of his own sin, wickedness in general, and GodÃ¢â¬â¢s responsibility for his painRead MoreA Brief Note On The Name Of God, The Most Merciful. Honourable. Secretary General Assembly Vulk Jeremic1224 Words Ã |Ã 5 PagesIn the name of God, The Most Merciful. Honourable UN Secretary General Assembly Vulk Jeremic Honourable UN envoy for Global Tokum on Immigration and developemment Mr. Peter Sutherland, Respected elders and my dear brothers and sisters; today, it is an honour for me to be speaking here with such honourable people. It is an honour for me that today I am carrying a bottle of tears from many immigrant people that have suffered many injustices. I donÃ¢â¬â¢t know where to begin my speech. I donÃ¢â¬â¢t know whatRead MoreEssay about Knowing God1371 Words Ã |Ã 6 PagesRunning head: KNOWING GOD Knowing God Module 2 Essay Sheila D. White Grand Canyon University HTH 505 April 18, 2013 Knowing God: The Doctrine Of Revelation Theology is the instruction concerning God or the deliberation of God.(Grenz, 2000, p.2) It endeavors to disclose the identity of God, the habitation of God, and the character, origin, position and importance of God. Humans commonly acquire information in three ways: through their senses, through their logic/reasoning, and throughRead MoreRevelations And Its Impact On Our Faith And Understanding Of God969 Words Ã |Ã 4 Pages Reflecting on humanity in focus of general and specific revelation is eye opening to a believer walking closely with Christ. Revelations are the way God communicates with his people, not receiving that communication frequently can quench a relationship of any makeup. Reflecting on the lecture last week, revelations are a key part of theology. Enrolling in Christian Theology at the graduate level, is stretching my belief system at the core. When allowing the mind to approach theology with no predeterminedRead MoreTransformed World View Essay1581 Words Ã |Ã 7 Pagesand 6 on page 152. Study Questions for Curtis, Chapter 8, Page 152 1. Consider the farmer in Isa. 28:23-29, whose God-given knowledge of farming techniques comes through general revelation. Have you ever experienced anything similar? Have you ever learned how to do something through tradition, observation, experimentation, but believe the lessons come ultimately from God? (INSERT ANSWER HERE) 6. A friend tells you that she is struggling because her sociology (or psychology, or physics)Read MoreThe Killer Angels By Michael Shaara Essay1255 Words Ã |Ã 6 Pagesto why they had lost their faith in God. Some will face challenges that will change their views of religion and some to question if what they believe is correct or what their friend is correct. In the beginning of the novel Shaara uses a simile of the general of the union Robert E. Lee to be seen as someone important in the grace of God.They hushed when he passes like an angel of God,(63) here general Lee is being presented to be a guardian sent by God to protect and guide the Union army
Thursday, May 14, 2020
When it comes to electronic music the general assumption is that it is mindless noise that can be created by anyone with a music program and a laptop. The reality is that the process of creating electronic music is very complicated and tedious. It is also likely that the same people that say they dislike electronic music or that it isnÃ¢â¬â¢t real music enjoy listening to it without their knowledge of it. Electronic music is not only found almost everywhere but creating it can be compared to writing a symphony which is a long and involved process that cannot be done by everyone. Grandparents will say it sounds like Robots having sex, parents will say it doesnÃ¢â¬â¢t use any real instruments, and my peers will say that itÃ¢â¬â¢s a niche market andÃ¢â¬ ¦show more contentÃ¢â¬ ¦Think of it like this, if IÃ¢â¬â¢m using a digital drum machine the buttons IÃ¢â¬â¢m pressing arenÃ¢â¬â¢t going to sound like an actual drum set. MIDI is what converts the pressing of those buttons i nto the sounds you hear that replicate an actual drum set. Britannica states the process as the following Ã¢â¬Å"MIDI comprises a set of defined instructions, or MIDI messages, telling a compatible instrument which notes to play, how hard to strike them, with what effects (such as vibrato or sustain), and at what tempo and relative volume. A central MIDI controller, such as a keyboard, can be used to convey musical instructions to one or more MIDI instrumentsÃ¢â¬âfor instance, an electronic drum machine or a second keyboard.Ã¢â¬ (Britannica). The complexity of this is incomprehensible because MIDI is a digital entity so having a basic understanding of it is essential in digital music production. Because MIDI converts sound the playback may not be exactly what the artist wanted. The timing or pitch or every other level of the note could be way off from what they were hoping for which then makes the artist must compensate for these changes when they play the note in the first pl ace. Understanding how to work with MIDI is so essential in electronic music production that numerous colleges and universities around the world teach courses on it. These schools range from music specific, community colleges, and even ivy league schools (Berkley) all have programs designed to teach musicians how to useShow MoreRelatedOn Raves and Club Drugs1058 Words Ã |Ã 4 Pagescounting the days back with full of excitement like little kids around Christmas and the day had come. When we got off the road the beat of the music in the background just hit our ears. As we approached to the scene the music got louder with our excitement as well and we finally got there. Hundreds of our friends were already jumping around to our special music in the hangar with the hugest smile in their face. I could feel the love in the air in the shadow of the laser lights. We were so happy thatRead MoreMusic And Electronics Aid One Another1389 Words Ã |Ã 6 PagesMusic and electronics aid one an other. In one way a person can capture music they love through technology and electronic companies flourish due to the sale and popularity of these electronic devices. If a person wants to hear music they will turn on a stereo or TV, choose a CD or DVD to play, or listen to a songs downloaded in ITunes. All of these devices use electronics to record, play, and change the way music is heard. A look through history will show how far society has come in music alone. TheRead MoreDiscuss the Impact of Digital Technology on the Production and Distribution of Music.1547 Words Ã |Ã 7 Pagescenturies past, music has seen leaps and bounds in the enhancement of theory, instruments, and recording arts. The first major leap was the invention of the piano in 1709 by Bartolomeo Cristofori. From that first major step came the introduction of electronic instruments short after the harnessing of electricity which came in the early 19th century. Soon after that came recording and then on to synthes izers and eventually digital recording. As computers were introduced to society, computer music was alsoRead MoreSynthesizer in Popular Culture Music 1380 Words Ã |Ã 5 Pagesa part of abundance in popular music by continuously emerging songs with the use of technological devices. With the experimental use of electronic music instrument, it sparked a new development for artists to blend in synthesizer sound into their compositions and left a mark in the music industry (Pinch and Bijsterveld, 2003, pp. 536 - 537). Synthesizer played a crucial role in popular music through the impact of the mechanical instrument to deliver a new electronic sound to inspire bands like KraftwerkRead MoreEssay on Edm Influence826 Words Ã |Ã 4 PagesIn the last decade Electronic Dance Music, or EDM, has made a complete 180 in the United States. It has shifted from a genre that was mostly underground with few listeners into popular music. Not only has it begun to top billboards, but it has influenced artists of many other genres to Ã¢â¬Å"hop on the bandwagonÃ¢â¬ and begin using it in their songs as well. From commercials to theme songs of popular television programs, the influx of EDM can be seen throughout American society. One of the biggest changesRead MoreSubstance Abuse in Electronic Dance Music Culture: Minimizing the Effects800 Words Ã |Ã 4 PagesSubstance Abuse in Electronic Dance Music Culture: Minimizing the Effects EDM (electronic dance music) has proven to be a very powerful movement and important part of modern culture. Tons of enthusiastic fans come from all over the world to experience popular EDM rave events in the big cities such as Ultra Music Festival and Electric Zoo. At these type of events fans can expect high quality electronic music, light effects, and recreational drugs. Along seeing the casual use of drugs, it is alsoRead MoreEssay about The Effect of Electronics on Communication768 Words Ã |Ã 4 PagesThe Effect of Electronics on Communication Electronics has played a major part in communication and the developments of it. The first ways of communication not by just talking were the uses of cans and a piece of string. This worked by the vibrations of the voice vibrating down the string and into the other personÃ¢â¬â¢s can. The next major development was the invention of telephones. The first telephones were large and ugly with large numbers and were difficult to hearRead MoreMusic Publishing : An Integral Part Of Their Professional Lives Essay1659 Words Ã |Ã 7 Pagessongwriters and composers, music publishing has been an integral part of their professional lives, and quite possibly one of their most valuable and lucrative income streams. At its core, music publishing can be defined as the promotion, sale and administration of music catalogs and copyrights. (Strasser, 2010 p.18) However, historically - in the late nineteenth century, before musical recordings existed, publishing was based around the distribution and sales of printed sheet music for people to performRead MoreThe Effects Of Music On Music Throughout History1587 Words Ã |Ã 7 PagesTechnology: The Effects on Music throughout History Music and technology aid one another. In a way a person can capture music they love through technology and then the electronic companies flourish due to the sale and popularity of these electronic devices. If a person wants to listen to music they can turn on a stereo or TV, choose a CD or DVD to play, or listen to a songs downloaded in ITunes. All of these devices are proof to show how technology is used to record, play, and change the way music is heardRead MoreTaking a Look at the Electric Daisy Carnimal1301 Words Ã |Ã 5 PagestodayÃ¢â¬â¢s music festivals has altered the way the youth culture defines itself as it is constantly expanding to immerse people in a more interactive way to give individuals an unforgettable musical experience that connects the festival goer to the artist and how much the influence of music can impact people. The Electric Daisy Carnival is one of North AmericaÃ¢â¬â¢s largest dance music festivals and it is noteworthy to understand how it culturally became popular with the influence of electronic music and how
Wednesday, May 6, 2020
Devil As the movie begins e begin to hear the horrifying and suspenseful music playing in the background. We see a dark and dreary city as we are lead to a spooky elevator shaft and out to a shiny floor where we see a janitor waxing the floors. While all this is happening the narrator, Ramirez is telling us about a frightening story that his mother used to tell him when he was a child. She told him that the devil would come to the Earth disguised as a human and seeks out individuals that have sinned, wanting to take them back to hell. He would gather the individuals and trap them while he hid amongst them pretending to be one of them. In all of his motherÃ¢â¬â¢s stories it would always start and end the same way. Someone would commit suicide, which invites the devil to enter onto earth and in the end all those that were trapped would die and then last person he kills would die in front of their loved one to make cynics of them all. As he is telling his story it come to a halt when we hea r a loud crash onto a van, bending it like it was being smashed in a junk yard. Detective Bowden is assigned to the tragic accident that we witnessed early that we find out was a man falling onto the van. Soon his investigation leads him to a sparkling glass building that looks to be 100 stories tall. We enter into this extravagant building with stark white floors, baby smooth leather couches and magnificent are work on the walls. While all of this is going on a front desk security guard, aShow MoreRelatedMovie Analysis : The Devil Wears 2027 Words Ã |Ã 9 PagesZsa Zsa Cabigas The Devil Wears Prada Movie Analysis-Citation Correction LDSP 310 11/25/14 I. 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Tuesday, May 5, 2020
Question: Discuss about theManagement Communication for Traditional Marketing Tools. Answer: Introduction In the modern era, the rise of internet technology has provided companies with a more potential platform to carry out marketing and promotion of their products and services. Nowadays, many businesses have replaced their traditional marketing tools with the modern tools of marketing(Vinerean, Cetina, Dumitrescu, Tichindelean, 2013). The key benefit associated with the use of online marketing techniques is that companies can cost-effectively reach the broad audience. The present study is based on Company X which is a small-medium enterprise operating in the Food and beverage industry of Singapore. The business is carrying out its operations from the past 50 years, and at present, it has employed more than 100. This report outlines the existing communication strategy which has been adopted by Company X. Apart from this, challenges and benefits linked to social media marketing are also mentioned in this report. Main body Companys existing communication strategy Company X is operating in the food and beverage industry of Singapore, and at present, the industry is highly competitive. The selected business enterprise is facing intense competition from other market players, and thus, it is no longer easy for Company X to attract new customers and retain the old ones. Now, the company is facing issues regarding increasing sales, profitability and the reason behind this can be termed as its existing communication strategy. It can be expressed that Company X is using traditional tools of marketing communication and these tools have created obstacles in achieving long-term growth. For example, the brand invests heavily on broadcast and print media for carrying out promotion of its products and services. The company believes that the selected tools of marketing communication are useful because these tools support in creating awareness of goods and services among people in the market. However, it can be critically argued that nowadays, broadcast and print media cannot be termed as adequate as they are quite expensive as compared to modern marketing tools(Strauss, 2016). The traditional tools and techniques of marketing are also considered as highly successful and proven. On the other side of this, it can be argued that advertisement on broadcast and print media cannot be regarded as result oriented in the modern era. The rationale behind this is that sometimes ads results in creating confusion among buyers as a distorted version of products reality is displayed in the same(Tuten Solomon, 2014). In addition to this, the flow of information is one way, and the opportunities for generating feedback is also very less in the traditional communication tools. Limited space and time can be considered as other drawbacks associated with the use of traditional form of communication. The challenges of employing social media It can be expressed that replacing traditional tools and employing online marketing tools such as social media is not going to be an easy task for Company X. The rationale behind this is that the company will be required to deal with different types of issues and challenges during the same. The main problem which has been faced by companies during the implementation of social media marketing can be termed as literacy or knowledge(Scott, 2015). The selected business enterprise is making use of traditional marketing techniques form past 30 years, and it will not be easy for the brand to replace the same. To employ social media marketing, adequate skill set and knowledge in the field of digital marketing is a must(Leeflang, Verhoef, Dahlstrm, Freundt, 2014). Thus, Company X will be required to hire competent personnels who are skilled in carrying out digital marketing of products and services. Company X will also face different types of issues regarding maintaining its brand reputation in the marketplace(Ashley Tuten, 2015). The negative comments and reviews of the consumer over social media can adversely affect the overall brand image of the company. Businesses are required to develop effective strategies to deal with negative comments and reviews generated on online platforms. In the modern era, the success of social media marketing is influenced by the uniqueness and overall quality of content. Unique and quality content helps in gathering the attention of people, and it also supports in influencing their buying behaviour(Kumar, Bhaskaran, Mirchandani, Shah, 2013). However, it can be critically argued that for Company X, development of content will not be an easy task as the business will be doing this for the first time in the history of thirty years. Another challenge of employing social media marketing as a replacement for traditional marketing tool is that the company will be required to provide training and development programs(Chang, Yu, Lu, 2015). These programs are essential because they will help staff members of Company X to gain knowledge about the way in which social media marketing can be carried out. The result of this is that overall cost of operations and stress level of staff members will increase to a great extent(Kaur, 2016). Monitoring and management of customer engagement on social media channels are other challenges which Company X will face while replacing the traditional marketing techniques with the new ones. Benefits of social media and other online platform The main and most important benefit which is associated with the use of social media and other online platform is that it provides organizations with access to a large target market. Businesses can even reach international markets and customers by employing social media and other online platforms(Coombs, 2014). The use of mentioned above platforms will help Company X to improve its brand image, customer base along with the volume of sales and profits. However, it can be critically argued that to develop and maintain its online presence, the selected business enterprise will be required to invest additional resources. The benefit of using social media and other related platforms for marketing is that it results in reducing the overall cost of marketing. For example, companies are not required to pay for posting advertisement and information on these channels(Grunig, 2013). Increase in customer engagement is another potential benefit which is associated with the use of social media and online marketing channels(Armstrong, Kotler, Harker, Brennan, 2015). The rationale behind this is that the mentioned above platforms can provide Company X with an opportunity to carry out two-way communication and generate instant feedback. In addition to this, the response of people in the market regarding new products, offer and companys overall performance can be easily evaluated with the use of social media and online channels of marketing(Cornelissen Cornelissen, 2017). On the contrary of this, it can be critically argued that social media do not produce desired outcomes if companies are not maintaining their social presence effectively(Dinner, Van Heerde, Neslin, 2014). Company X may also expose to several risks linked with information leakage, negative feedback, and hacking while carrying out the use of social media as a tool for marketing. However, the use of online platforms will directly reduce the companys dependency on the paid form of advertisements. Feasible online communication strategy A feasible online communication strategy is developed and mentioned below as: Identify business goals The key goal of Company X is to increase the volume of sales, profits and stay competitive in the industry. Apart from this, increasing brand awareness and image is another major goal of the selected business enterprise Setting communication objectives- The purpose of the company will be to replace its traditional communication system with modern and online communication techniques. Furthermore, its objective is to employ social media marketing within the period of next six months. Identify ideal customers The use of social media and online marketing channels will be carried out to communicate with idea customers who will be people in middle and higher income group of society. Apart from this, youngsters and working professionals will also be targeted by the brand. Selection of communication channels Social media and emails are going to be the two important channels which Company X will be using to communicate with ideal customers. It can be expressed that selection of right and efficient channels are essential for long-term growth and success of online communication strategy. Implementing the strategy - The selected business enterprise will emphasize more on developing unique and quality content to communicate with its target customers. Here, a team of digital marketing personnels will be developed, and these individuals will be responsible for managing the online communication strategy of Company X. Measurement and control The process of measurement and control is carried out with the help of different tools and techniques. For example, factors such as sales lead generated, online traffic and level of customer engagement will be taken into consideration by Company X to measure the success of online communication strategy. In case if when there is the gap between existing and desired results, effective measures of control will be taken by the business. Conclusion In the present scenario, social media and other online channels have emerged as the most potential platforms for conducting marketing and promotion of services and products. To sustain in the long run, Company X is required to replace its traditional marketing communication strategy with a new one which focuses on social media and other related channels. It can also be inferred that the company will face some challenges in the implementation of new online communication strategy, but the strategy will offer a wide range of benefits in the long run. References Armstrong, G., Kotler, P., Harker, M., Brennan, R. (2015). Marketing: an introduction. Indiana: Pearson Education. Ashley, C., Tuten, T. (2015). Creative strategies in social media marketing: An exploratory study of branded social content and consumer engagement. . Psychology Marketing , 15-27. Chang, Y. T., Yu, H., Lu, H. P. (2015). Persuasive messages, popularity cohesion, and message diffusion in social media marketing. Journal of Business Research , 777-782. Coombs, W. T. (2014). Ongoing crisis communication: Planning, managing, and responding. California: Sage Publications. Cornelissen, J., Cornelissen, J. P. (2017). Corporate communication: A guide to theory and practice. California: Sage. Dinner, I. M., Van Heerde, H. J., Neslin, S. A. (2014). Driving online and offline sales: The cross-channel effects of traditional, online display, and paid search advertising. . Journal of Marketing Research , 527-545. Grunig, J. E. (2013). Excellence in public relations and communication management. Abingdon-on-Thames: Routledge. Kaur, G. (2016). Asian Journal of Multidisciplinary Studies. Social Media Marketing , 14-22. Kumar, V., Bhaskaran, V., Mirchandani, R., Shah, M. (2013). Practice prize winnercreating a measurable social media marketing strategy: increasing the value and ROI of intangibles and tangibles for hokey pokey. . Marketing Science , 194-212. Leeflang, P. S., Verhoef, P. C., Dahlstrm, P., Freundt, T. (2014). Challenges and solutions for marketing in a digital era. European management journal , 1-12. Scott, D. M. (2015). The new rules of marketing and PR: How to use social media, online video, mobile applications, blogs, news releases, and viral marketing to reach buyers directly. . New Jersey: John Wiley Sons. Strauss, J. (2016). E-marketing. Abingdon-on-Thames: Routledge. Tuten, T. L., Solomon, M. R. (2014). Social media marketing. . California: Sage. Vinerean, S., Cetina, I., Dumitrescu, L., Tichindelean, M. (2013). The effects of social media marketing on online consumer behavior. 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