Sunday, February 16, 2020
International Business - Essay Example In this case, entrepreneurs are able to assess and identify businesses opportunity by evaluating different cultural requirements. As such, a close scrutiny of a specific culture will reveal the types of business opportunities that are viable in that particular area. Therefore, cultural diversity has its indispensible place in the heart of businesses. Furthermore, it is noteworthy that while businesses become big until they break cultural barriers, other regions suffer cultural infringement. This implies that globalization adversely affect cultural diversity. According to Kanuka (2008, p.117), globalization has lead to the loss of individualism and identity of a given group of people. In this case, many societies have blamed globalization for encouraging the Western ideal of individualism. As such, some cultural aspects are regarded as inferior to others. In this case, globalization has promoted a homogeneous set of beliefs and values. Moreover, the dominant population or culture overwhelms others and as such, globalization. Kanuka (2008, p.124) also argues that e-learning and technologies perpetuate colonization by designing prospectus that reflects the cognitive styles of the dominant
Sunday, February 2, 2020
Major Art Styles of the 18th and 19th Centuries - Essay Example "Cupid a Captive', as with most Rococo paintings, appeals to our sense of escapism with the offer of a playful romp with delicate indulgence. In the late 18th century artists began to remove the fanciful trappings of Rococo and saw a return to a more formal style of painting referred to as Neoclassicism. In Jacques-Louis David's "Oath of the Horatii", we are presented with a more hardened subject with brighter colors and more contrast. Neoclassicism is typified by straight lines, confidence in the mechanical structure, and a willingness to elevate its subjects to the standards of high ideals. David's painting depicts classic subjects in conflict, yet posed in its portrayal of balance and symmetry that is indicative of the Neoclassic period. Art from this period is often a reflection of allegiance to authority as mirrored from the society that produced it. The early 19th century was highlighted by the Romantic style of art. It embraced the notion of a relaxed state guided by feelings of romance and love. The "Entombment of Atala" painted by Girodet-Trioson, shows the more personal viewpoint of emotions as it appeals to our sense of love and tragedy. The romantic treatment given this painting shows in the artists use of natural lighting on subjects that are struggling against their own helplessness.
Saturday, January 25, 2020
Jones Electrical Distribution Electric Suppliers Finance Essay Introduction Jones Electrical Distribution is an Electrical company which has predicted that sales for the company will increase. However, over the years the company has experienced some difficulties in its cash flow and decided that in order to keep the company in operation, it was evident that additional financing would be needed in the form of a loan. However, the loan limit for borrowing could not have exceeded $250,000.00. This amount was the maximum limit their local bank, Metropolitan would offer to any company. It must be pointed out that from the inception of Jones Electrical, Metropolitan Bank was the only financial provider used by the company. In light of the foregoing, Jones had to seek alternative financial assistance from another bank Southern Bank and Trust. The credit line offered Jones Electrical a loan would be in the amount of $350,000.00, $100,000.00 more than what Metropolitan would have offered. Jones Electrical needed to decide which loan will be more beneficial, less ris ky and the least expensive for the company. They needed to consider the proposition of receiving the loan from Southern Bank Trust as opposed to remaining with Metropolitan Bank. Another issue arising from the case is the way in which Jones Electrical did its operations. He had over 100 suppliers from which he credited inventory, and he paid his accounts within the 10-day period in order to benefit from a 2% trade discount. The industry being large, fragmented and highly competitive, Jones Electrical had to decide whether they needed to restructure their companys operation and expand same and also what financial decision that had to be made for the continued operations of the Company. Jones Electrical would have much limitations with respect to borrowing from Southern Bank and Trust such as; additional investments in fixed assets could only be made with prior approval of the bank, consumption of the credit line would have a limit of $350,000 of Accounts Receivable and 50% of Invento ry and also, there will be limitations on withdrawals of funds from the business by Jones. Should Jones accept the loan from Southern Bank and Trust, his relationship with Metropolitan Bank will have to be will no longer. (Piper and DeVolder, n.d). A number of factors would be discussed later on in this case which include the financial projections of Jones Electrical. In addition, Jones financial statements will be analyzed and we will also look at the sustainability growth for this small company. The cash flow of Jones Electrical will also be addressed in this case. Problems faced by Jones Electrical Distribution Jones Electrical needs to decide whether or not it will accept the offer of the loan from Southern Bank and Trust or from the Metropolitan Bank. The company needs to maintain its sales, needs to expand, satisfy its liabilities but would need funding in order to do so. Some main problems identified in the case: Jones bought Dave Verdent, his former business partner out for $250,000. 00. His repayment plan was a $2000.00 per month with 8% interest per annum. The interest rate he is paying is relatively high and this means it will take Jones over ten years to repay this loan with an interest payment in excess of $200,000.00 in interest only. Therefore Jones will have to pay approximately $458,400.42 in interest and principal. This occurred because of a fallout Jones had with his partner Dave Verdent over the aggressive growth of the business, which has put the company in financial debt because Jones has to repay Verdent in full for buying out the company. From the financial information provided in the Balance Sheet of Jones Electrical Distribution it shows that there was an increase in accounts receivables, inventory, property and equipment. This increase would permit an increase also in liabilities and equity to be able to finance the aforementioned assets. On the other hand, the balance sheet also shows in increase in accounts payable, line of credit payable and accrued expenses. The above increases would therefore warrant financial assistance from the Bank for the expansion of the business. Another issue is that Jones Electrical had to resort to approaching the bank to receive a loan for his company in order that his business would grow profitably, to develop with respect to opening other locations and to survive on a highly competitive market. Jones needed to make a decision whether he should receive a loan from Metropolitan Bank or from Southern Bank and Trust. If Jones decide to go with Southern Bank and Trust, there will be implications which were mentioned earlier (additional investments in fixed assets could only be made with prior approval of the bank, consumption of the credit line would have a limit of $350,000 of Accounts Receivable and 50% of Inventory and also, there will be limitations on withdrawals of funds from the business by Jones. Should Jones accept the loan from Southern Bank and Trust, his relationship with Metropolitan Bank will no longer be. He needed to weigh his options between the two banks. Competition in the market: Jones Electrical was faced with a lot of competition from national distributors, home centers and other small supply house. The industry was a very large and fragmented one, and despite the competition, Jones Electrical was able to increase its sales; however, Jones was still in a position where he needed to inject some cash into the business. Solutions or Recommendations Jones should accept the loan from Southern Bank and Trust, since he will be receiving more funding. The funding from Southern Bank and Trust was more that what the company would have received from Metropolitan Bank. Although, the requirements of Southern Bank and Trust Bank seem to be rigid, the more monies that he receives can however be used in the firms expansion as well as paying off some of the companys liabilities. As a result, Jones will be allowed more flexibility in the operations of the business. He will then be able to increase his assets in the form of inventory and capital, which in turn will result in his business being in a better position to finance its operations. In addition, Jones Electrical will be able to benefit from the trade discounts which are offered by his suppliers because this arrangement would allow him to pay his creditors. With respect to the early payment discount of only 2%, it is advisable that the Company, continue to credit its supplies and make alternative arrangements with respect of repayment to its suppliers. The company needs cash and the discount of the 2% does not put the company in a better financial position. It is always important to inject equity so that your company will be able to increase its assets, which will eventually lead to an increase in sales and revenue. Another issue is that with respect to the proposed growth of the company, Jones had predicted forecasting in sales to increase significantly therefore the urgent need for a very large cash flow into the company would help significantly. Evaluate solutions Pros Cons Should Jones Electrical decide to accept the loan from Southern Bank and Trust, it will receive funds to be able manage and expand its operations and pay off his debt. A loan is a liability and this will mean the firm will have another expense to pay at the end of every month. Benefits from trade discounts offered by his suppliers. He can use this opportunity to get discounts from his suppliers. Trade discounts can have a negative impact in that if Jones does not stay within the time frame in paying for his goods. With the increase in bank borrowing, this can contribute to a number of aspects. One main aspect is the increase in sales, which in turn will result in increase revenue. Increase in bank borrowing can result in a decrease in cash flow. As stated earlier, Southern Bank and Trust has limitations in borrowing money from them. Conclusion With respect to the various financial data presented in this case, Jones Electrical forecasts predicted that its sales would increase with favorable prospects and at the same time the company was in dire need of a significant cash inflow. It is however advisable that Jones Electrical accepts the offer made by Southern Bank and Trust despite the specific restrictions that would be placed on the Company. This offer would provide for long term financing of the company and as a result the limitations with respect to borrowing would eventually be removed, thus enabling the Company to utilize the credit line specifically if it foresees forecast would be favorable. The credit line offered by Southern Bank and Trust would be significantly more than what Metropolitan would ever offer. Eventually, this budding financial relationship between Jones Electrical and Southern Bank and Trust would enable Jones Electrical to even borrow much more than what they would have been offered initially. Jones now will be able to be more flexible with its business decisions with respect to expansion.
Friday, January 17, 2020
1. Describe Von Neumann architecture and explain why it is important. The Von Neumann architecture explains the architecture of an electronic computer. It is attributed to be root of every electronic computer that has ever been made. According to Von Neumann architecture an electronic computer has Control Unit, Arithmetic Logic Unit, Memory & Input / Output Devices. The following diagram shows this architecture:- Memory: Ã¢â¬â Memory holds both data and the instructions. Control Unit: Ã¢â¬â The Control Unit manages the movement of data and instructions in and out of the memory and also deals with sequential carrying out of the programs. Arithmetic Logic Unit: Ã¢â¬â Carries out all the calculations on the data. Apart from operations like addition, subtraction etc, Ã¢â¬Ëgreater thanÃ¢â¬â¢, Ã¢â¬Ëless thanÃ¢â¬â¢ etc would also be provided. Input / Output: Ã¢â¬â Input/output devices to feed into the data and take out the data. This component served interaction with the human who was operating the device The most basic principle of development of Von Neumann architecture was that it not just stored the data and the computation that was involved; it also stored the set of orders and instructions that had resulted in the computation. The entire set of instructions were stored in what is called as Ã¢â¬ËregistersÃ¢â¬â¢ and the control unit used to process this in a sequential manner Ã¢â¬â which means one at a time. In this architecture the instructions were encoded into numeric form and the data as well as the instructions were then stored in the memory. The Von Neumann Architecture is important because it led to the development of the earliest computers. Even the computers we see today, that are fifth generation and have a drastically different architecture, draw their parallels from Von Neumann Architecture. Obviously there has been lot of improvements. However, the base of having memory, control unit, input / output devices still remains integral to all the machines. Von Neumann architecture can hence be easily regarded as mother of all computer architectural designs. 2. Explain what a system bus is and why it is needed. The system bus is the pathway over which the data travels between the CPU and the rest of the components on the motherboard. The system bus speed is defined as the capacity to move the data through the system, as it is the speed that connects the different parts of the system. The front-side bus (FSB) is that part of the bus which is responsible to carry the data between RAM and the CPU. FSB is the part that usually has the greatest effect on the performance of the system. A system with high-performance processors and components would need to have a fast front-side bus. Bus speed is quite important and can have a significant impact in the performance of the machine. The data in a system is stored, manipulated and processed in the system memory. The system needs to move this information in and out of memory, and at the same time, a track of which data is stored at which location need. This entire info travels using the system bus. If the bus speed is low, there will be a very low transmission data speed, leading to the computer working very slowly. We know that in all the modern systems that we use, the processor is running at a speed that is much faster than the memory bus. If we compute the ratio of processer speed to bus speed (something called as bus multiplier), we will find that the lower the multiplier the better it is. If the multiplier is large, it would mean that the bus speed is slow as compare to the processor speed, in which case the processor will remain idle. On the other hand, if the bus speed is higher, then more data can be fed to the processor resulting in lower latency (time to start a request). 3. Summarize the use of Boolean operators in computer-based calculations. Boolean Operators are the most popular operators used for computer based calculations. Boolean operators are simple words (AND, OR, NOT or AND NOT) which are used to carry out these calculations. Together, these keywords help in finding, joining or excluding a particular keyword in a search and hence arrive at results efficiently. These operators and their use can greatly help in saving time by doing searches for getting to Ã¢â¬Ëon-targetÃ¢â¬â¢ results Ã¢â¬â which are more relevant and accurate to the questions/needs that are posed. Every different search engine makes use of Boolean operators in varying fashion. While doing Boolean based calculations, a lot of proximity operators can be used to combine strings which can then help with the search. A brief overview of various operators is given below:- AND This Boolean operate requires both the terms to be in each item returned. For example, if only one of the term is contained in the document and the other is absent, the item is excluded OR This Boolean operator would return either term (or even both the terms) NOT While using this Boolean operator, the first term is searched, and then any records containing the term after the operators are subtracted from the results. Using Parentheses to include different strings will help in giving more customized and accurate results for the operation. 4. Categorize the various types of memory and storage. Computers need to have a storage space and memory units to store information and to run programs. There are various types of memory and storage, with various specifications and different purposes. These different types of memory and storage are:- Random Access Memory (RAM) RAM stores the data on a temporary basis, and as such it can be quickly/promptly accessed by the processor. This information, which includes both the application data and the data related to operating system, is loaded from the hard disk of the computer. The catch however is that as soon as the system is switched off, all the stored information is lost. Read Only Memory (ROM) Unlike RAM, ROM is active, even if the system is turned off Ã¢â¬â thus making it somewhat a permanent non-volatile storage memory. The contents of ROM cannot be modified. ROM has all the data which should be present so that the computer can carry out the normal functions.. Cache Cache is a more responsive memory than RAM. The CPU, in case of Cache, for finding the required information the CPU first searches the cache memory before searching the central memory storage area Computer Hard Drive This has a set of devices that are integral components of data storage components in the CPU. This particular memory has different ranges and a particular user may chose the size of the memory. The hard disks can store a very large amount of information, including photos, videos, music, documents, programs and more and this memory remains even after your computer is turned off. External hard disks An external hard disk is a great way to store more digital photos, videos, music, and other large files. It can add huge volume to the storage space on your computerÃ¢â¬â¢s internal hard disk. Flash Memory Unlike the other storage and memory options, this is a portable storage and felicitates a convenient data transfer between two computers. Easy deletion and re-programming of data is possible as per the userÃ¢â¬â¢s requirements. References Backus, J. 1978. Can programming be liberated from the von Neumann style? A functional style and its algebra of programs. Communications of the ACM 21, 8, (August), 613-641. Myers, G. J. 1982. Advances in Computer Architecture. John Wiley & Sons, New York. von Neumann, John (1945), First Draft of a Report on the EDVAC, retrieved August 24, 2011 Linda Null; Julia Lobur (2010). The essentials of computer organization and architecture (3rd ed.). Jones & Bartlett Learning. pp. 36,199Ã¢â¬â203. ISBN 978-1-4496-0006-8.
Thursday, January 9, 2020
Globalization is the interaction among people, companies and governments of different nations. It is a process that is driven by international trade and investment but, is also supported by information technology (What is Globalization?). Large corporations have taken advantage of foreign markets by building factories in less developed countries and through using established marketing arrangements with foreign partners. A defining feature of globalization, therefore, is an international, industrial and financial business structure (What is Globalization?). In this essay, I am going to consider the effects of globalization on contemporary, developing and indigenous cultures. This will include looking at both the negative effects as well as the benefits of globalization on the world as a whole. Globalization is profoundly controversial. Some people argue that this international change allows poor countries and their citizens to develop economically and raise their standards of living. Others claim that the creation of an international free market has only benefited multinational corporations in the Western world at the expense of local enterprise and cultures and by the exploitation of less developed countries (What is Globalization?). Firstly, Globalization has had a large effect on contemporary culture. For example, technological development is as a big part of globalization and has transformed many cultures from subsidence farming to commercial farming, raising cash fromShow MoreRelatedAnalysis of Capital, inequality and injustice in Latin America, by Richard L. Harris817 Words Ã |Ã 4 Pagesconcern to the extent of unlawful treatment such as conquering of land from indigenous people in most if not all third world countries. We have learned that most problems in the world are blamed on one word, globalization, but it takes several words to fix the ongoing problem of globalization and its affects. The capital and injustice in Latin America has shown to be one of the reasons for such concern of the extent globalization has taken with the lack of correspondence of human rights. UrbanizationRead MoreBook Report on Anthropology of Globalization by Lewellen1571 Words Ã |Ã 7 PagesLearnings Chapters 1-2 o Contemporary globalization is an on-going process of not just economic flows, but also cultural flowsÃ¢â¬âthe increasing flow of trade, finance, culture, ideas, and people brought about by the technology of communication and travel and by the worldwide spread of neoliberal capitalismÃ¢â¬ ¦ (7). o Globalization is a reality, as well as regionalization and localization. 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As was discussed before, identity is tightly linked with representationRead MoreRelationship Between An Organization, Its Environment And Affiliation1425 Words Ã |Ã 6 PagesAn Organization, Its Environment And Affiliation To Globalization In Today s Modern Economy. This paper depends on association s inner and outer environment in today s present day economy. It likewise talks about the drivers of globalization and impacts of globalization on association s surroundings. Firstly, it is critical to comprehend the meaning of globalization as there are numerous definitions. 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More specifically within Australia racism has been the burden of the Indigenous people of Australia, since the countries discovered by the British. Indigenous Australians have been subject to policies and laws sort to convert them to integrate into the newly pronounced white country (FinlaysonRead MoreGlobalization and Its Affect on Racism1528 Words Ã |Ã 7 PagesGlobalization and its Effect on Racism Racism, in the Oxford English Dictionary, is defined as Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that oneÃ¢â¬â¢s own race is superior, and, The belief that all members of each race possess characteristics, abilities, or qualities specific to that race, especially so as to distinguish it as inferior or superior to another race or races. The essence of both definitions seems to be that specific
Wednesday, January 1, 2020
One of the earliest recorded feats of corruption in history was carried out by Roman Emperor Nero, whose rule is often associated with corruption and arrogance, as many historians have found evidence that Nero built theaters in his own honor and even assassinated many people, including his mother and step-brother. In the post- World War I and World War II era, Joseph Stalin of Soviet Russia led a dictatorship that would last 24 years, ending in his own death. Although the country as a whole benefited from his reign, Stalin ruled with an iron fist, using facilitated propaganda and often ordering the executions of any political rivals. In 1945, author George Orwell created a book that used satire to mock StalinÃ¢â¬â¢s rule by creating a character that resembled him called Napoleon. In order to stay in power, however, Napoleon needed to use Stalinist methods to assert control. Much like Joseph Stalin, Napoleon use propaganda and fear to dominate the political component of Animal Farm. As a method of maintaining control over Animal Farm, Napoleon often used propaganda to promote his point of view to the other animals. Twice in the novelÃ¢â¬â¢s plot line, Napoleon is seen indirectly using the animals to gain more of a food ration. Squealer, who is illustrated as NapoleonÃ¢â¬â¢s right-hand man in the novel, is often used to persuade the animals by his Ã¢â¬Ëeloquent speeches.Ã¢â¬â¢ An instance of this occurs when Napoleon sends Squealer to try to persuade the animals to give the pigs the milk andShow MoreRelatedWar I And World War II919 Words Ã |Ã 4 Pageshistorians debate rather World War I and World War II were two different parts to the same war or if they are separate and distinct wars. Even though World War I and World War II were very different wars, and there were many years in between the two, the outcomes of World War I caused for World War II to happen because of unresolved issues. World War II is a continuation of World War I. World War I lasted four years and was the first total war in history. Before World War I Europe was doing well theyRead MoreThe War I And World War II1660 Words Ã |Ã 7 Pagesin thehistory of the world were World War I and World War II. World War I occurred from 1914 to 1918. World War I was caused by militarism, alliances, nationalism, imperialism and assassination (MANIA). The first four causations were more of a build-up to it. Then, once the Arch-Duke Franz Ferdinand was assassinated, the buildup was sparked. This can be compared to pouring gasoline on the ground and then lighting it on fire. World War II occurred from 1939 to 1945.World War II was caused by the discontentRead MoreWar I And World War II1517 Words Ã |Ã 7 PagesThroughout history the United States has been involved in many different wars. Their involvement has brought forth many significant events and changes that have affected the American way of life. 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Their pieces both give glimpses into the lives of the past and the violence in which those individualsRead MoreThe War I And World War II1191 Words Ã |Ã 5 PagesIntroduction During World War I and World War II life back home changed excessively. When the soldiers went to fight in World War 1 and World War 2, women and children had to replace men in the workforce. There was an increase in those affected by the trauma of the wars, and the birth-rates dropped during this time. Family Families were affected by the trauma and exposure of the war, causing mental illnesses such as depression. Young children had been exposed to the trauma of war. A great deal of pressureRead MoreWorld War I And The War II1518 Words Ã |Ã 7 PagesWorld War II was a war that ended in much tragedy. There were over 60 million casualties. Throughout World War II there was how it started, the Nazi Regime, and some of the major battles. Much of the war was about the Germans bringing together a group of people called the Nazis. They were under the rule of Adolf Hitler. There were two groups fighting against each other: the Axis powers and the Allied powers. The Axis powers consisted of Japan, Italy, and Germany. The Allied powers were GreatRead MoreWar I And World War II1264 Words Ã |Ã 6 Pages During any war, there will alwaAys be alliances made which stick even after the war has been dissolved. Postwar foreign policy after wars such as World War I and World War II was complicated and both had their similarities and differences from each other. World War I (WWI) strengthened our international relations with many countries, It also deteriorated some relations as well and set the stage for America becoming a great power. World War II (WWII) had some of the same effects, solidating ourRead MoreWar I And World War II771 Words Ã |Ã 4 Pagessought to stay out of both World War I and World War II only to be pulled in by intense happenings that inflicted chaos on the nations people. World War II would be a time in American history that would bring many fresh war tactics and developments, that helped to pull a depraved nation from the depths of a depression as well as pled ge the freedom and prosperity of its opposing nations. Dangerous discoveries will be made in the world would be left to be governed by two world powers. Hoping to remainRead MoreWorld War I and World War II700 Words Ã |Ã 3 PagesMany people know about World War I and World War II seeing that they are a couple of the worldÃ¢â¬â¢s most famous wars. Have you ever wondered how much you really know? 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Tuesday, December 24, 2019
Airline Industry Problems and Suggested Solutions The airline industry has over the past few months gradually been going into recession. This has been due to a number of factors, all affecting the industry in a negative manner at the same time. This has resulted in low profits and poor performance. The decline in the industry sharply increased after the terrorist attacks on the United States, increasing the urgency to clearly identify the causes of the problems faced and to find any solutions available to overcome them. One of the factors contributing to the poor performance has been the global economic slowdown whose effect has not been limited to the airline industry but has extended to many other industries. The effect of thisÃ¢â¬ ¦show more contentÃ¢â¬ ¦But after the demand for military pilots declined, there were cutbacks. Pilot training is now no longer subsidized, forcing pilots to pay for their training. This has a high cost of approximately $70 000. Action must be taken to solve these problems to prevent more damage to the airline industry. The first step that companies should take is to try and deal with the losses they are making by reducing their costs as much as possible. There are various methods of doing achieving this. Job cuts could be made. This would reduce the cost of wages paid by the companies. However this may be met with opposition from employees. They may take industrial action to help and show support for their fellow employees that have been made redundant. Morale may also come down, as employees no longer feel that their jobs are secure. Companies could try to cutback on the number of planes used. This would reduce the cost of fuel and maintenance. The companies could also raise money through the sale of these unused plane and other assets. But this would mean that some routes would have to be cancelled so the airline would risk losing customers who use that particular route to competitors. Another option available would be for companies to adopt a policy of no hiring. This is when no new employees are hired. This would not reduce any costs but would prevent the addition of any further costs. The second stepShow MoreRelatedThe Issue Of Overweight Aircraft992 Words Ã |Ã 4 PagesSummary Airlines have become concerned with the issue of overweight aircraft. The average weight of passengers has increased by 3 kg for females and 5 kg for males, meaning aircraft could exceed their floor loading limit. Certain aspects must be considered before a solution is chosen. It must comply with all laws and pose no risk to passengers. Discrimination must not occur and the reputation of the airline must not be risked. The solution must be easily implemented on existing aircraft with a reasonableRead MoreService Failures Of The Airline Industry Essay1181 Words Ã |Ã 5 PagesLooking at things from the customerÃ¢â¬â¢s perspective, we can define Ã¢â¬Å"service failureÃ¢â¬ as a real or perceived service- related problem or issue. This situation often occurs when something has gone wrong in dealing with an organization, on a macro level it can be anything that relates to customerÃ¢â¬â¢s expectations of a given service encounter are not met by the service organization, and the cus tomer could even perceive a loss as a result of the failure. Although customers and organizations increasingly seekRead MoreAviation Provides The Sole Worldwide Transportation Network That Makes It Essential For International Business And Tourism1227 Words Ã |Ã 5 Pagesnotably in developing countries. Flying transports close to two billion travelers per annum and four-hundredth of interregional fares of merchandise (by worth), four-hundredth of international tourists currently travel by air. The air transportation industry generates a total of twenty nine million jobs globally (through direct, indirect, induced and catalytic impacts). AviationÃ¢â¬â¢s international economic impact (direct, indirect, induced and catalytic) is calculable at US$ 2,960 billion, comparable toRead MoreUk Air Fares Are Below The Price For Travel All Over The World1701 Words Ã |Ã 7 Pagesairfares were not taken into account. We have therefore suggested solutions in order to improve the model. We con clude that the suggestion by the article: Ã¢â¬Ëmost passengers flying from Britain pay significantly less than the global averageÃ¢â¬â¢ , is not justified, nor that Rome2RioÃ¢â¬â¢s findings can be relied upon without further analysis. Section 1 - Introduction The fight for customers in the airline industry is becoming fiercer, forcing numerous airlines to offer exclusive services, provide different levelsRead MoreVietjet Aviation Joint Stock Company, Known As Vietjet1603 Words Ã |Ã 7 PagesCompany, known as Vietjet Air, belongs to a biggest private and LCC low-cost carrier in Vietnam. Over the years its operation it has quickly won passengersÃ¢â¬â¢ hearts to become the most favourite airline in Vietnam and in the region (Routesonline, 2017). Vietjet was also voted as Ã¢â¬Å"VietnamÃ¢â¬â¢s Most Favourite AirlineÃ¢â¬ by The VietnamÃ¢â¬â¢s Economic Times and the Ã¢â¬Å"Best Asian Low Cost CarrierÃ¢â¬ at the TTG Travel Awards 2015, and for 5 years of taking off and serving the customers, Vietjet has been honoured with 32Read MoreKnowing Why Airplanes Crash Is Important Essay1221 Words Ã |Ã 5 Pagescrashes and 110 successful deployments. In addition to crash data the device incorporates an ELT which broadcasts the aircraft serial number (Werfelman, Thinking outside the black box). Streaming data is another technology that has been popularly suggested for use in Locating and accessing FDR information. After all if we can stream movies in high definition why canÃ¢â¬â¢t we do the same with the FDR data? In light of the AF447 tragedy there has been a tremendous amount of research into aircraft streamingRead MoreMiles and Snow Typology1469 Words Ã |Ã 6 Pagesfundamental problems: entrepreneurial, engineering (or operational), and administrative problems. The entrepreneurial problem is how a company should manage its market share. The engineering problem involves how a company should implement its solution to the entrepreneurial problem. The administrative problem considers how a company should structure itself to manage the implementation of the solutions to the first two problems. Although businesses choose different solutions to these problems, Miles andRead MoreAir Asia Structure1698 Words Ã |Ã 7 PagesIntroduction AirAsia is the airline industry started based on the low cost carrier (LCC) concept in Malaysia. The low cost concept is introduced in the year of 2001 with the belief that Ã¢â¬Å"Now Everyone Can FlyÃ¢â¬ by Tony Fernandes. AirAsia was first established in 1993 and began its operation on 18 November 1996. In the year 2001, Anthony Fernandes (or known as Tony Fernandes) bought the airline which is suffering a loss. It was re-established as the low cost carrier after the bought over. AirAsiaÃ¢â¬â¢sRead MoreReview on Airline Reservation Systems1606 Words Ã |Ã 7 PagesOriginally designed and operated by airlines, CRSes were later extended for the use of travel agencies. Major CRS operations that book and sell tickets for multiple airlines are known as global distribution systems (GDS). Airlines have divested most of their direct holdings to dedicated GDS companies, who make their systems accessible to consumers through Internet gateways. Modern GDSes typically allow users to book hotel rooms and rental cars as well as airline tickets. They also provide access toRead MoreHilton Case Study1444 Words Ã |Ã 6 PagesProblem Identification The problem identified is that Hilton HHonors need to decide how to approach a different positioning stand and focus on differentiating its loyalty program from the recently announced Starwood Preferred Guest and other competitors rather than to match their program with Preferred Guest. It is recognized that other competitors such as Hyatt and Marriot who are part of the big players in the hotel industry have not respond to StarwoodÃ¢â¬â¢s announcement. Thus, Hilton will need to