Crisis Management for MovilExpress
Crisis Management for MovilExpress
Movil Express is a Telecommunication Company, which focuses on growing through tapping into the expanding market of video streaming, internet voice and high definition cable television. However, it can only achieve these, if it has the correct infrastructure in place. Together with market ideas, it will be possible to overcome risks, which could escalate and become crises (Rouse par 2). To deal with these challenges, the company needs a crisis management team.
Definition of Crisis Management
Crisis management encompasses identifying likely crises, and adopting measures to mitigate their severity and putting in place a recovery course (Crandall and Parnell et al.10).
Purpose of Crisis Management Team
It conducts landscape survey and identifies looming crises, which could hit the company either internally or externally. The team then develops a strategic plan to counter the crises if they are inevitable (King 236). Notably, the team carries out landscape survey in two phases, which are internal landscape and the external landscape (Crandall and Parnell et al. 15).
Internal Landscape Survey
This survey focuses on factors, within the company’s control and that the crises could be from within. These crises mainly stem from internal factors (Crandall and Parnell et al.12). An example would be inability of the company to pay for the infrastructure from Cisco. To expand their services, they need more equipment from Cisco. The firms target to lower the cost of voice data for its customers. However, a possible crisis is the resistance of customers to change, opting to embrace their current providers.
External Landscape Survey
This covers factors beyond the control of the company and whose crises pose a greater challenge to counter. Nonetheless, it is possible to lessen the impact of the crises (Crandall and Parnell et al. 13). A possible external crisis for Movil Express is delivering inferior services to their competitors in the market, as it has no control over their ability to advance in technology. Another factor is the sociological structure of the company’s target market. Most clients are young people who have interacted with technology throughout their lives. While this is the case, older population, which has stronger purchasing power, is likely to be left out of consideration.
Movil Express has several weaknesses, which could lead to crises in the end. They include a small market share and lack of proactive approaches when penetrating markets with new products. This may cost the firm as the competitors excel. Other factors are government surveillance, which make customers apprehensive, inflation, and high interest rates, making it hard to service debts.
Strategic Planning For Movil
To address these challenges, Movil has to get money from trusted lenders and Cisco as soon as possible and get discounts. The company also requires intensive marketing campaigns to increase its market share. Baseline research on potential markets is also necessary to master the culture of the population and get an overview of the competitors’ tactics. This will help in developing unique products to take over the market.
Works Cited
Crandall, William, John A Parnell and John E Spillan.Crisis management in the new strategy landscape. Los Angeles: SAGE, 2010. Print.
King, Granville, I., II. “Crisis Management & Team Effectiveness: A Closer Examination.” Journal of Business Ethics 41.3 (2002): 235-49.
Rouse, Margaret. “What is crisis management? – Definition from WhatIs.com.”Whatis.techtarget.com, 2013.Web. 28 Feb 2014. http://whatis.techtarget.com/definition/crisis-management
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Promotion of the Green Culture within Organizations
PROMOTION OF THE GREEN CULTURE WITHIN ORGANIZATIONS
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Promotion of the Green Culture within Organizations
Today, the world is characterized by greening culture that has become integrated into the core aspect of society in order to avert climate change effects as well as promote sustainable protection of the environment. There has been formation and implementation of a myriad of rules, regulations and laws at organizational and government level aimed at enhancing environmental sustainability. A large percentage of organizations have implemented effective measures for these rules and laws. However, implementation of the rules and laws is not sufficient to enhance environmental sustainability. This is due to technical fixes which cannot be considered sufficient for green change in employees and management (Harris and Crane 2000, 215).
Instillation of behavioral change related to green culture is not easy doe to a myriad of barriers and challenges to changing perceptions present for employees and managers. Literature dictates lack of motivation in pursuing a given objective or goal is can be an impediment that is quite serious in generation of the desired results that an objective or goals aims to achieve. This analogy can be evidenced by the comments of manager regarding choice between organizational success and objectives. Majority believed the core principle of their companies is enhancement of revenues and profitability, while environmental sustainability takes second place (Harris and Crane 2000, 220). Additionally, , they believe consideration of the necessity for green culture can be done effectively it comes with economic benefits that are substantial with their social responsibility to society deemed as irrelevant in business environment (Harris and Crane 2000, 220).
There are numerous risks linked with organizations that conform to green culture. Top on the list is resistance to change by not only employees but the management which results in the contravention of the company’s effectiveness and productivity. Forcing laws, requirements and rules for organizational change on the basis of green culture model is deemed unfair or cumbersome for purposes of implementation. As such, this means there will arise dissociations and conflicts which lead to poor management of customers, employees and resources which ultimately as great effects on the organization.
The organization is also at risk of economic and competition sabotage. Competitors who have adopted green culture can have their products considered as environment friendly which in turn drives sales upwards. This can result in products of other companies suffering from reduced sales and subsequent revenues. Lack of adherence to green culture can also force revenues and sales as a result of societal and consumer perceptions that a company is not taking its social responsibility seriously. This can paint a company as selfish and operating to achieve its needs only without taking into consideration the serious environmental effects it causes as a result of its operations.
Additionally, lack of adhering to environmental sustainability can also result to hefty fines, taxes and levies on the company due to flouting environmental safety rules, standards and laws. The charges serve the purpose of increasing company expenses and reducing profitability. Managers have also adapted and reiterated that green culture has to a great extent, affected their decision making within organizations. This means some decisions in conflict with green culture have experience delays or rejection in passage or implementation. As such, this negatively affects the performance of the company. However, some managers believe green culture effect on decision making has its overall positive effect on the agenda of a company (Harris and Crane 2000, 221). This has resulted in employees having social moral and responsibility, which in turn drives their output as they believe their work will have a positive effect on the community.
References
Harris, C. L. and Crane, A., 2000. The greening of organizational culture: management views on the depth, degree, and diffusion of change. Journal of organization change management. 15(3), 214-234.
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Sample Essay on Samnite Wars
Samnite Wars
The Samnite Wars refer to the three major armed conflicts between the Samnites or the Samnium tribes and the Romans. These wars were fought from 343 to 290 BC. The Roman Republic was fighting to take Italy’s control. These wars involved almost all Italy states and in the end, the Roman Republic dominated over the Samnites. Samnites controlled the Apennines towards the Latium’s southeast and they were among the earliest formidable rivals of Rome. Regardless of the many setbacks encountered, each of these wars ended in terms that increased the power of Rome and Rome took control of the entire central Italy by the time the third Samnite War ended.
Cause of the Samnite Wars
Rome survived Celtic Gauls’ invasion at the beginning of the 4th century BC. Therefore, it aimed at expanding its middle party further this century. Rome re-conquered Etruscan and Latin towns that were left during the occupation of Gallic and while absorbing others, its position was reconsolidated as a dominant force in Central Italy and Latium. Having a secured home turf, the Romans ventured southwards to Campania.
By this time, Samnites had already moved to Campania where there were fertile lands from their initial place in south central Apennines. Samnites were controlling Cumae and Capua towns in Southern Rome. They were also swaying to the east. In order to protect the flanks and still retake Etruria and Latium, Rome entered a joint alliance with Samnites in a wise move in 354 BC. This led to an inevitable conflict with the Samnium over the dominance of Campania. Eventually, this turned into several wars that lasted from 343 to 290 BC.
Events of the wars and how they were ended
- First Samnite war
The first Samnite war was fought between 343 and 338 B.C and it entailed a brief conflict after the Campania plain dwellers requested assistance of the Rome in fending off attacks by highland neighbors. This war ended with a revolt
of the Latin allies of Rome and it was resolved with a Battle of Vesuvis. Campania and the Capua chief city became a protectorate of the Roman republic.
- Second Samnite War
This was the longest of the three wars and it was fiercely fought between 326 and 304 B.C. It lasted for more than 20 years during which the Roman army was captured by the Samnites for some years in what was called the Caudine Forks defile. Rather than killing the army, the Samnits released them so that Rome could give them favorable terms. The Romans were infuriated and humiliated and they resorted to hostilities that lasted for 5 years. The war continued, alternating between the samnite victories like the Lautulae victory and the Roman victories like the Ciuna victory. This was an attrition war though most suffering was felt by the Samnites. On failing to relieve the Bovianum siege, they sought peace.
- Third Samnite war
The peace that ended the second samnite war lasted for a few years. As of 298, the Samnite had formed an alliance with the Gauls and Etruscans in the Northern Italy in order to defeat the Romans. The fighting started disastrously because the Roman army routed at the Camerinum battle. Shortly, Rome established four legions in order to meet Samnites and their allies, the Gallic, in the colossal Sentinum battle. This ended in a decisive Roman victory with the Samnite side suffering heavy losses. Although this time the Samnite did not seek peace, they could make a feeble resistance. During the last battle of Apalonia, the camp of the Samnite was looted, their warriors killed and city taken. Finally, the persistent foes of Rome accepted peace when it was offered to them bringing the wars to an end. The third war was fought between 298 and 290 B.C.
Effects of the Samnite wars
Although the actual number of the casualties of these wars is not known, the wars were significant because they helped in the establishment of Rome as the Italy’s supreme power.
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Sources
http://www.emersonkent.com/wars_and_battles_in_history/samnite_wars.htm
http://www.heritage-history.com/index.php?c=academy&s=war-dir&f=wars_samnite
http://www.unrv.com/empire/samnite-wars.php
http://ancienthistory.about.com/od/republicanromanbattles/qt/080107SamniteWr.htm
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Sample Essay on the Pyrrhic War
Pyrrhic War
After the conclusion of Samnite War , Pyrrhic war began when all of central Italy was put under Roman control. Roman territories were brought closer to Magna Graecia cities in Northern Italy, bringing about conflicting interests and subsequent fights.
An overview of Pyrrhic War
The pyrrhic war began shortly after the end of Samite wars with the Lucians and Brattain’s fighting in the early 3rd century BC. The continued attacks on Greek colonies did not deter them from appealing to Roman regional power for assistance. At that moment, the City of Magna Graecia, Tarentum was the most powerful.
The city of Magna Graecia and Tarentum signed a treaty with Rome clearly stating that it would not send any of her troops into the Gulf of Taranto. This situation led conflicts between Rome and Tarentum because the former started interfering with the affairs of Greek colonies in Southern Italy.
Soon, other states in Magna Graecia including Croton, Locris and Rhegum asked for Rome’s support in their struggles with their neighbors. Rome sent a troop to garrison town of Thurri in 282 BC since it had been attacked by Lucania. Tarentum saw this as a hostile act and responded by sinking the fleet and expelling roman troops from Thurii.
The city and states of Magna Graecia had sought help from mercenary kings during their struggles but now, Tarentum sought assistance from King Pyrrhus of Epirus, on the Greek Peninsula across the Adriatic Sea from southern Italy. Pyrrhus landed in Italy with 25, 000 men and twenty war elephants in 280 BC. His first move against the Romans took place at Heraclea, small coastal town.
Pyrrhic War first and second engagement
The first engagement of the war took place at Heraclea, a small coastal town. The romans had 50,000 thousand troops who drove to the Lucanian territory to prevent them from aligning with Pyrrhus. Romans technically lost at the battle at the small coastal town, Heraclea and Pyrrhus lost a large number of troops. The pattern became quite common during the fight between Pyrrhus and Romans. Despite winning main engagements, Pyrrhus could no longer keep up with the war without support.
After marching to northern parts of Latium, Pyrrhus was not happy with the domination of Romans. He hoped that many cities would join his cause. He misjudged the situation because Roman military alliances were more stable. Roman rule was evident as many states enjoyed roman protection. Leaders of the states also enjoyed their positions under the leadership of the romans. However, only a few Lucanians and Samnite’s sided with Pyrrhus.
This led to the second engagement took place at the battle of Ausculum. It took two days with massive fights between ancient armies. The Romans were led by Publious Dentius Mus and used the terrain of the area to their advantage thus, reducing the effect of the elephants and Epirote Calvary. The first day was a virtual draw and the second day of the fight was a stalemate. At the end of the battle, more than 6000 Romans and 3, 5OO Epirotes died. Pyrrhus was left in the command of the field. It was the results of this fight that was considered the Pyrrhic victory.
Pyrrhus upon receiving the congratulatory message said ‘’ that one other such victory, would utterly undo him’’. He acknowledged the costly victories and thought of signing peace treaties to Rome with no success and he remained in Italy. Appius Claudius who built the Appian Way refused the negotiations calling for the freedom of Tarentum and her allies.
Pyrrhus went to Sicily in 278 BC, aided the Greek city against Carthage and became quite victorious. Rome formed alliances with Carthage against Pyrrhus and later on, Rome’s interest became conflicts. Pyrrhus in 275 BC went back to Italy, faced the romans in Southern Italy, town of Malventum and was defeated. With the victory of him, Pyrrhus left Italy for good and went to Green mainland.
Results of the war
Pyrrhus lost in the war, more than a third of his army died in the fight and there was little to show for his efforts. Two years later, he died in a street battle in Argos.
Tarentum which was the third significant Greek city in the state of Italy finally accepted to sign an alliance with Rome in 272 BC. Rome became the mistress of the entire southern and central Italy.
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Sources
https://books.google.co.ke/books?id=aEfvR1Qcd0gC&pg=PA350&lpg=PA350&dq=what+caused+the+Pyrrhic+War&source=bl&ots=UcOwPyldGG&sig=iIBJAsVQtEMB4uIys1Dp3pemG6w&hl=en&sa=X&redir_esc=y#v=onepage&q=what%20caused%20the%20Pyrrhic%20War&f=false
http://www.unrv.com/empire/pyrrhic-war.php
http://www.jaysromanhistory.com/romeweb/glossary/timeln/t19.htm
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Sample Essay on Battle of Bunker Hill
Battle of Bunker Hill
The battle of Bunker Hill occurred on June 17, 1775, after the American Revolutionary War. Thousands of American militia besieged Boston and the British were trying their best to control the city and its valuable sea ports. They also aimed at taking over the harbor in Boston, to keep it open to bring in their troops and supplies. Therefore, the British focused on two hills, the Breeds and the Bunker in order to achieve a tactical advantage. The American militia got the news and went ahead to defend the hills.
Location of Battle of the Bunker Hill
The British wanted to bombard the Americans from a distance and they thought of taking over two hills, the Bunker Hill and the Breed hill. Therefore, the battle took place on the Breeds hill, Charlestown, Massachusetts. The battle was followed by the battle of Chelsea Creek and an engagement during the 11 month of Siege of Boston in April 19, 1775 to March 17, 177. It ended with British victory.
An overview of the battle of Bunker Hill
The battle of Bunker Hill was one of the most significant battles of the American War of Independence. This followed the first Revolutionary War at the Battle of Lexington and The Battle of Concord, the militia which took over Boston. The Americans received intelligence reports that the British under General Thomas Gage were planning to control the hills, Dorchester Heights area and Charlestown to maintain Boston harbor and acted immediately.
With more than 1000 men, the colonial militia under the leadership of William Prescott constructed ramparts and fortifications on top of the Hills and Charlestown peninsula area. The British men of war opened fire and Colonel William Prescott walked over the ramparts while his men continued to dig.
General Thomas Gage sent three thousand men to attack the Americans across Charles River. They attacked and the first two assaults were repelled by the militia. More than 1000men were injured and killed. More British soldiers were sent to Boston and by the third assault, the militia had to retreat back to Cambridge due to lack of ammunition and powder.
Leaders during the war
The British army was led by General William Howe
The Americans were led by Colonel William Prescott
Major John Pitcairn was also one of the front leaders for the British army. He was in command of the troops that started the war or fight at Lexington and started the Revolutionary War.; Israel Putnam was the General in charge for the Americans. Leading the patriot was also Dr. Joseph Warren. He played an active role in the battle but died while fighting.
Results of the Battle of Bunker Hill war
Even though the British won during the war and took over the hill, they paid heavily. Many soldiers and officers lost their lives. The Americans on the other hand were filled with a lot of courage knowing that they could stand up to their enemies, the British in a fight. Many colonists also joined the army and the revolution grew in strength.
The American Revolutionary war which included the battle of Bunker Hill became strong as it was a culmination of the American Revolution. Many American colonists rejected the legitimacy of the British to govern the 13 colonies without representation. The other interesting facts about the war is that
- The Americans were low in ammunition and couldn’t fire until they could see the whites with their eyes
- Troops from America worked tirelessly especially at night to build up their defense. They build a redoubt which was nearly six feet high
- General William Howe from Britain was really astonished at the American defense and said ‘’The rebels have done more work in one night than my entire army and what it would have done in one month.’’
- The British also suffered the most with many casualties in a single fight during the American Revolutionary War.
- Inexperienced forces also build up their confidence and in their ability to fight the British in the war and more specifically, in the first war of the American War of Independence. This was the significance of the Battle of the Bunker Hill.
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Sources
http://www.ushistory.org/us/11d.asp
http://www.history.com/topics/american-revolution/battle-of-bunker-hill
http://www.ducksters.com/history/battle_of_bunker_hill.php
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Sample Essay on SWOT Analysis of Nordstrom
SWOT Analysis of Nordstrom
A SWOT analysis of Nordstrom can enable this company to carve a clear, sustainable niche in its market. SWOT analysis refers to a useful technique that is used to understand the strengths as well as weaknesses of an organization or a person while identifying the opportunities to explore and threats to face.
When and how SWOT analysis of Nordstrom has been useful or important
Nordstrom has always used SWOT analysis in uncovering opportunities that are possible to exploit. This framework has also enabled this company to understand its weaknesses and to eliminate threats that may catch up with it unawares. Additionally, by looking at itself and its competitors via SWOT framework, this company has always crafted strategies that have enabled it to distinguish itself from competitors in order to compete successfully in the market.
Perhaps, it is by using SWOT analysis that Nordstrom has continued to grow since its establishment in 1901 by John W. Nordstrom in Seattle Washing as a small store selling shoes. In 1963, the company ventured into clothing market and it is currently one of the leading fashion retail stores in the U.S. It has more than 49,700 full time employees and it operates indirect selling which includes catalogs and e-commerce as well as credit operation.
Comprehensive SWOT analysis of Nordstrom
Strengths
- Diversity
Since mid 1980s, Nordstrom has been striving to ensure diversity in its workforce. 15.7 percent of the managers of this company were color people in 1988. 23.9 percent of the entire workforce comprised of the color people. Today, the company comprises of 30.5 percent managers as color people and 71.6 percent of the workforce is made of women. This company also has a diversity program for suppliers which provides an opportunity for women and minorities companies to supply it with the products that it needs. Additionally, the company has diversity of operations. It has restaurants, cash operations and spa service. It is by ensuring diversity of employees and operations that Nordstrom has won the support of people from different races and backgrounds in the society.
- Uniqueness
Nordstrom has always striven to achieve uniqueness in its services and products. To achieve this, the company has employed workers from different backgrounds so that they can contribute in the production of products and services that are superior to those of competitors.
- Society support
Nordstrom also participate in the activities of non-governmental organization and Fair Labor Association. It has been active in supporting universities and colleges. This has enabled it to obtain the support of the society and to expand its business more.
Weakness
- Slow growth
The growth of Nordstrom is very slow especially in other continents. This can be attributed to the competition that it faces from similar stores which makes its market share stagnant.
- Huge operational costs
Due to its large employee base, Nordstrom spends a lot of money in paying salaries and wages. This has led to a decrease in the money that is available for investment in new ventures. This has contributed to a slow growth rate as compared to other retailers like Kohl’s.
Opportunities
- Further growth
When compared to other retailers like Dillard’s and J.C Penney, Nordstrom is the sole retailer with operations in Europe. With this strength and consideration of the fact that the company has not explored all markets, Nordstrom has an opportunity for further growth in Europe and other continents.
- Better utilization of technology
Through the use of modern technology, Nordstrom can expand its business and enhance efficiency. In fact, this is one of the key initiatives of this company. An example of this initiative is the cooperation with IONA technologies in building its internet retailing system. This has enabled the company to manage its inventory control while reducing response time for physical distribution management.
Threats
- Intense competition
Being a fashion retailer, Nordstrom faces intense competition from other retailers including J.C Penny, Dillard’s and Home Retail Group among others.
- Economic change
Economic changes are a threat to this company. The effects of economic changes can be seen in different ways including the cost of shipping products which compels it to set higher prices for its products. When the company offers free shipping, its profitability is affected negatively. Additionally, the company is affected by the cost of acquiring clothing merchandises that it sells from other countries due to changes in tariffs that arise from economic changes.
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Sources
https://www.mindtools.com/pages/article/newTMC_05.htm
http://finance.yahoo.com/q/pr?s=jwn
http://about.nordstrom.com/aboutus/diversity/employment.asp
http://library.corporate-ir.net/library/93/932/93295/items/141867/Bear305.pdf
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Sample Essay on SWOT Analysis of GAP Inc.
SWOT Analysis of GAP Inc.
SWOT analysis of GAP is an effective method that the company applies in determining its ability to survive in the market, while also growing revenue base. GAP Inc. is a leading world-wide retailer that deals in clothing, accessories and personal care products for the whole family. It operates six globally recognized brands including, Old Navy, Banana Republic, Gap, Intermix, Athleta and Piperlime. GAP has several more than 3,200 stores across the world and also operates an e-commerce website from where customers can get products information and do their shopping.
What is SWOT Analysis of GAP Inc?
A SWOT analysis of GAP Inc. basically explores the strengths, weaknesses, opportunities and threats of the clothing giant, with regards to the global market which targets. By determining the company’s strengths and opportunities, the management will be able to come up with measures on where emphasis is required for continued success.
The weaknesses and threats of a business are indicators of failure and by knowing them, the company can easily make decisions and plans for eliminating mistakes and avoiding losses in the future. The following is a comprehensive SWOT analysis of GAP Inc.
Strengths
With the six brands that it operates globally, GAP has been able to attain a strong product portfolio and brand recognition. Coupled with its wide range of products that target the whole family, GAP Inc. enjoys global customer recognition and loyalty.
Its’ presence over a wider geographical area is also another strength that has made several people across the globe to identify with the company’s products.
Because of the global reach of GAP Inc. the business is able to record a high inventory turnover ratio. In fact, this is one of the main reasons the company commands a strong financial position in the market.
GAP Inc’s dedicated section for baby products is also another feature that has kept the business afloat since such products are always in demand even when the market is not doing well.
Weaknesses
Despite the global customer base that GAP Inc. has, the company heavily relies on vendors from outside to sell its products. This is an area of weakness since such vendors are susceptible to various kinds of mistakes that may hinder the successful operations of the company.
The high competition in the apparel and accessories industry is also another point of weakness since it implies many customers are learning of new brands that could shift their buying trends. Besides, it also limits the market share of the company.
GAP has not fully focused onto penetrating the emerging economy markets and this has limited its ability for expansion and revenue growth.
Opportunities
One of the opportunities that GAP Inc. can exploit is the emerging markets in Asia and Europe. These markets present an ideal platform for expansion and profitability.
The growing use of technology in business is also another opportunity. Through effective online campaigns and shopping, the company can easily attract new customers for its products and brands across the globe.
Considering the good performance of GAP Inc. in operating six major brands is proof that it can still form franchise units and joint ventures with other companies in the industry for greater development.
The readily available market for kids’ apparel and products is also another opportunity that the company can fully explore for maximum profits.
Threats
The clothing and accessories market is experiencing a very stiff completion between various brands, offering more fashionable products at better prices than GAP Inc.
The rapid change in fashion trends is also another threat that the company has to plan on how to handle.
Counterfeits is yet another issue that is threatening the existence and success of businesses today.
Another threat is the increased production and operational costs, which could water down profits.
Conclusion on SWOT Analysis of GAP Inc.
According to this SWOT analysis of GAP Inc., the company is strong enough to withstand market forces considering its wide selection of products and brand portfolio, which have ensured global recognition, loyalty and financial power. However, it still needs to focus on international expansion into the emerging economies and intensifying its online presence. Besides, GAP Inc. also needs to consider the shifting fashion trends in order to meet customer needs.
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References
http://callisto.ggsrv.com/imgsrv/FastFetch/UBER1/303747_GDRT29527FSA
http://www.gapinc.com/content/gapinc/html/aboutus/ourbusiness.html
http://www.mbaskool.com/brandguide/lifestyle-and-retail/3014-gap.html
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Sample Essay on SWOT Analysis of Costco
SWOT Analysis of Costco
SWOT analysis of Costco is among the best methods used by the company in evaluating itself and making decisions for sustainability in the market. Costco Wholesale is considered one of the largest retailers in the world today. Based in Seattle, Washington, Costco operates membership warehouses in the United States, Canada, Japan, Mexico, Spain and Australia. Besides, it also has several subsidiaries in Korea and Taiwan.
What is SWOT Analysis of Costco?
SWOT analysis of Costco refers to the evaluation of the strengths, weaknesses, opportunities and threats of the company. Considering the majority of players and shifting trends in the retail warehousing industry, it is always advisable that a company conducts a SWOT analysis in order to determine areas of weakness that require fixing and potentialities that should be fully exploited.
By conducting a SWOT analysis, Costco Wholesale will be able to know how to package itself for continuous growth and development in the market. Below is a comprehensive SWOT analysis of Costco.
Strengths
These are the outstanding features of Costco that makes it unique and different from other retailers in the sector. One of the strengths of Costco is its pricing authority. The company mainly focusses on offering its customers quality products at the most competitive prices. The fact that it does not emphasize on maximizing profits in the short term gives many customers the confidence of always obtaining high quality products.
Brand loyalty is another strength of the company, which it has been able to attain through its constant pursuit of high quality and great value. This has enabled it to attract customer loyalty too.
Costco often records high sales volumes, which contributes to increased revenues. As a result of this, the company is able to make high revenues even if its prices are than other retailers.
Weaknesses
Although Costco is a renowned profitable retailer, it still suffers certain defects that if not solved on time, might negatively impact operations. One of them is the company’s business model which allows only the members of the club to use the warehouses. As much as this may encourage customers to buy at the company’s stores, it also limits the number since non-club members might not feel welcome.
Another weakness of Costco is that the stores do not offer a wide variety of goods and services like other retailers. This tends to send away many customers who will opt to shop from stores where they can easily find all the products they need at once.
Opportunities
One of the opportunities that Costco can exploit is the increasing number of younger customers. The recent months have seen the company’s management take measures aimed at attracting young customers, a move that can significantly help in driving long-term sales to the company.
The going numbers of people using e-commerce is yet another opportunity that Costco should look into tapping. Intensive online marketing could also be a great way of venturing into new markets and attracting more customers.
Costco has plans to continue growing its reach on the international map. There several foreign markets with better prospects like China, France among others.
Threats
The warehouse services industry is one which is quite competitive, considering the high number of players involved offering similar process, quality and selection. In the domestic market, Costco is facing stiff competition from companies like BJ’s Wholesale Club, Sam’s Club among others. Internationally, there are several other competitors like internet retailers and even others that do not require membership.
The intensive marketing by other retailers dealing in similar products as Costco is yet another threat that the company needs to challenge in order to avoid being edged out.
Conclusion on SWOT Analysis of Costco
Costco Wholesale is a business with high viability, the reason it has continued to expand even poor economic times. Its competitive prices is a key strength that has kept the business afloat for long. The above SWOT analysis of Costco also reveals that the company has several opportunities it can exploit in order to tame the threats in the market. Through the firm’s website, intensive internet marketing and network of suppliers, it can effectively reach out to a wider customer base and scare away competitors.
The sample essay on SWOT analysis of Costco above, is one of those you can find on our blog. Alternatively, you can also talk to us for custom written essays, research papers, reports or any other academic paper.
References
http://www.valueline.com/Stocks/Highlights/SWOT_Analysis__Costco_Wholesale_Corporation.aspx#.Vjx2I7erTIU
http://www.wikiwealth.com/swot-analysis:cost
- Published in college papers, Essay Help, Research Paper Help
When, How and Where to Find a Sample of a Good Critique
When, How and Where to Find a Sample of a Good Critique
Critique writing can sometimes be demanding and tedious. Unlike other general academic essays, your critique should be a detailed analysis of an author’s work, explaining why and how you reached a particular conclusion. To achieve this, you must convince your audience that you did your assignment and understand the text in all aspects. This task therefore poses a challenge to many students, who do not understand the basics of writing a standard critique. How do you overcome this? You must have in mind a place where to find a sample of a good critique whenever need arises. Today, the turning to the web is always the first thing to click whenever an assignment comes knocking.
While the internet offers a wide range of homework solutions, it also has far-reaching challenges. This manual covers the following areas:
- Finding a good critique
- Sources of good critiques
- Recommended critiques for you
Read on and discover new ways of finding quality sample papers to enhance your writing and boost your grades.
Things to remember when looking for where to find a sample of a good critique
As the world enjoys the fruits of the information age, students are not left behind in appreciating how the internet has transformed their academic life. Today, it is possible to order for a readymade essay and get professional services in less than 24 hours, courtesy of the internet.
With the internet, no assignment is too hard, because besides offering research services, the web allows you to link with writing specialists worldwide within a click of the mouse. This is the beauty of being in college in the 21st century. You do not have to miss your holiday or because of a research paper.
However, to get the best from the internet and score high in your exams without any hustle, here are general instructions that will help you discover where to find a sample of a good critique. Enjoy reading…
Finding a good sample Critique for your assignment
Know what you want – The best way of engaging the web is to be sure with what you are looking for. First, read and reread your assignment instructions to ensure that you understand what your professor wants from you.
Go for genuine writers – Since the internet is flooded with essay writers, it is important to find a formula of telling reliable from con service providers. Try these approaches when vetting online essay writers:
- Choose writers with good history and reputation by looking at their reviews.
- Choose writers with experience and high academic qualifications.
- Choose writers who allow you to track the progress of your paper to the end.
- Choose writers who do not exploit. However, cheap writers do not always offer the best.
- Choose writers who guarantee you free plagiarism essays.
- Choose writers with a good revision policy.
Have enough time – The best way of finding a good critique online is to avoid rushing. Always place your order when you have enough time to allow writers do through work. In addition, most writers will charge you high rates when your order is urgent.
Give clear instructions to the writer – As you think of where to find a sample of a good critique, remember that what you get depends on the instructions you give to the writer. Always specify the following:
- The deadline of your paper
- The size of your paper, including page numbers and word count
- The number of references
- Referencing style
- The title of your paper, course and year of study
- Mode of payment
By giving these details, the writer will be sure of what you want and deliver a befitting paper. Never assume anything. Below are recommended online essay providers with excellent sample critiques that can be of good help. Check them out and see what you have been missing.
Example #1: Websites with Good Critiques
Ideas to help you choose where to find a sample of a good critique
If you are working on your critique assignment, then you need a reliable writing partner to help you develop a goo paper that will appease your professor and guarantee you a good grade. However, here are the challenges you are likely to face as you look for a good sample essay from the web. These bottlenecks should give you more wisdom to help you choose where to find a sample of a good critique.
Disadvantages of finding sample critiques online
The risk of plagiarism – In case you are sourcing your critique online, beware of writers who deliver plagiarized papers to students. DO not submit such papers to your tutor for grading because you will score very low grades and face disciplinary action.
To avoid getting plagiarized papers, use anti-plagiarism scanners to detect any traces before accepting online essays and before handing your completed papers to the lecturer.
Online essays are expensive – If you are looking for good essays online, you must be ready to part with good cash. However, some service providers take advantage of the desperate situation of students to exploit them.
Be wary of scammers – Not all online essay writers. Some are out to con unsuspecting students and ruin their academic dreams. Do not fall a victim to scammers. Do background check to ensure that you are dealing with genuine companies with the needs of students at heart.
Unqualified writers – While a few online essay providers like Essay Experts invest in qualified and highly skilled professionals with Masters and PhD, most companies do not care about having experienced writers. You do not want an amateur to handle your paper, which could determine your future.
Do you want to look at some of sample critiques? The following examples will help you make up your mind on where to find a sample of a good critique. Here we go…
Example #2: Good Sample Critiques
Tips on where to find a sample of a good critique
One reason why you will not like writing critiques is that they are demanding. To come up with a convincing critique, it takes time, research, commitment and hard work. For this reason, you must find a source of encouragement to help you complete your assignment without sleepless nights. Who then can help you complete your critique?
In this section, you will discover ways of completing your assignments by making use of the people around you.
Who can help you get a good critique sample?
Your professor – Your lecturer understands the assignment at hand. Do not be afraid to approach him or her and ask for further direction on the task. Go ahead and ask if there are archival, sample critiques to assist you develop an excellent paper.
Your classmates – Do no ignore your classmates and friends when handling written assignments. Engage in group discussions to understand the title better. Such discussions are important during brainstorming, as you will more insights and angles on the subject matter. Remember that a friend could be having a better understanding of the assignment.
Visit the library – Probably as your figure out where to find a sample of a good critique, the library should come first in your mind. Visit your college library and ask the librarian to help you locate some of the critiques available. This can be a good starting point that will cost you nothing.
Go to the net – Make a date with Google and search for sample critiques. The internet will give you numerous options. However, as you make use of the internet, remember the risks we discussed in the above section. Surf the net to gain general knowledge on the topic.
Online tricks that work:
- Avoid Wikipedia – Do not cite Wikipedia as an online source. This open source is unreliable since anyone can publish information on the site.
- Avoid dotcom domain – Websites with .com domain are highly commercial and less authentic.
- Consider .net and .org websites – These are mainly non-profit making organizations with reliable research information.
- Choose government and university sites – Government sites like .gov are more reliable. Top universities also have effective and trusted websites to help students complete their academic assignments.
Here are some top libraries to consider as you look for where to find a sample of a good critique.
Example #3: Top Libraries
- Library of Parliament, Ottawa, Canada
- New York Public Library, New York
- Seattle Central Library, Seattle, WA
- The Morgan Library & Museum, NY, USA
With this guide, you can now maneuver and find excellent critiques and other academic papers for your written assignments. Let us know how it goes. Good luck.
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References:
http://www.cod.edu/people/faculty/bobtam/website/guidelines_for_writing_a_critiqu.htm
http://www.wikihow.com/Write-a-Critique-in-Five-Paragraphs
http://classroom.synonym.com/write-good-critique-essay-4488.html
http://foremostpress.com/authors/articles/critique.html
http://www.kslinker.com/Tips-on-how-to-write-a-good-Critique.pdf
- Published in Critical Thinking, Essay Help, Essay Writing Help, How to
PESTEL Analysis of The Home Depot
PESTEL analysis of The Home Depot
The Home Depot is an American private listed company. It is one of the leading retailers in the United States, specializing in a wide range of products and services. The Home Depot’s main segments are home improvement products and construction equipment. Its product line are building materials and guarding equipment coupled with related products and services. The chain has more than 2,000 stores operating in the US and in other parts of the world. The firma embraces a range of practices to adjust to emerging market trends and cutthroat competition in the industry. This PESTEL analysis of The Home Depot shows how political, economic, social, technological, environmental and legal factors affect the operations of the company and its future.
Politics in PESTEL analysis of The Home Depot
For The Home Depot to experience business growth and maintain good relationships with the political class, the firm takes part in a range of activities and initiatives. This safeguards its interests and those of its customers. This is necessary because the decisions by the local, federal or state governments can have far-reaching effects on the profitability of the company.
The Home Depot complies with government regulations and makes political contributions and interactions. In addition, the company allows its employees to participate in politics as long as they do not use it resources to pursue their ambitions. Through the Home Depot Political Action Committee, PAC, the firm offers financial support to politicians who back the retailer and its business line.
Economic environment at the Home Depot
PESTEL analysis of The Home Depot affirms that the company thrives because of a stable economic environment. With the US economy showing signs of stability, the company remains optimistic to scale profitable heights in future. The fate of the Home Depot therefore depends on economic conditions in the United States.
Importantly, many Americans today have limited purchasing power because of economic down town. Potential customers therefore prioritize other products, which are more essential than Home Depot’s collection. This is causing the market to shrink and cause harm to its business associates too.
Social factors in PESTEL analysis of The Home Depot
Besides making profits and improving its annual revenues, the company also believes in improving the welfare of the communities within its neighborhood. For example, it runs societal programs to promote education, healthy work practices and assurance of job opportunities to people.
PESTEL analysis of The Home Depot further illustrates how the firm values CSR. Through its Home Depot foundation, the chain has invested huge amounts of its resources in improving the living standards of people by delivering affordable options to a better life. It also works towards having a safe and healthy working environment.
In alleviating the lives of communities within its reach, The Home Depot focuses on four different areas, including building and maintaining playgrounds for children, safeguarding community-gathering venues, constructing affordable transitional housing and emergency preparedness.
How Technology is changing The Home Depot Business
The Home Depot is on the forefront in keeping pace with emerging technological trends in the market. This is because of the enormous role of information technology in driving any business. In recent years, the company has invested in state of the art systems and equipment to facilitate its staff and enhance smooth business operations. This is expected to augment customer satisfaction.
The Hope Depot has acquired electronic devices at a cost of $60 million to counter competition from key players in the market like Lowe, which has used wireless technology in its stores since 1995.
Environmental Factors – From this PESTEL analysis of The Home Depot, the company is committed to having a safe environment by cutting down on carbon emissions into the atmosphere. To achieve this, the organization offer conservation minded and products that are environmentally friendly to its customers. In the end, the company seeks to offer green products to all its customers.
Legal Factors – The company complies with a range of rules imposed by local and international governments, governing food production, manufacturing, safety and packaging among others. The firm also observes laws that govern disposal of waste to the environment in order to mitigate environmental pollution. Lastly, it works towards addressing health and safety of its staff.
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References
http://www.homedepot.com/
- Published in Custom Writing, Essay Help, Essay Writing Help
How to Write an Expository Essay
How to Write an Expository Essay
As a student, you should know how to write an expository essay because teachers and professors ask students to write expository essays for different courses in college. Among the courses that involve expository essay writing include English, social sciences and history. An expository essay is an essay that explains a given concept, investigates a specific idea or presents evidence for a specific opinion.
Most exams and in-class assignments entail the use of the format of expository essays. This is because this essay uses a style that does not entail deep research. While developing an expository essay, you can use different patterns to organize it depending on the writing prompt, topic or assignment. Example of an expository essay is an essay in which the prompt requires the student to study and analyze a given work, expose or explain a topic or describe a given process.
What you should know even before knowing how to write an expository essay
An expository essay has certain characteristics that distinguish it from other essays.
They include:
- An expository essay is written to describe, inform or explain
- The writer of an expository essay acts like a teacher
- This essay presents information on the chosen topic exhaustively
- It is written in third person
A guide on how to write an expository essay in six steps
Step One: Organize your thoughts
Once the instructor, teacher or professor has given you the expository essay writing prompt or assignment, the first thing that you should do is to read it carefully and organize your thoughts. You will most probably have something to say about any topic that the instructor assigns you. Even if you do not know much about the assigned subject matter, you will realize that there is something you have read, heard or experienced about it. It is important that you brainstorm or consider what you already know about the topic. This will enable you to sort out your mind before you start writing.
To organize your thoughts, you can do one of the following:
- Free write: This entails writing what comes from your mind quickly without editing, stopping or self-correcting.
- List clustering: This entails allowing ideas to flow freely on the topic. The main topic is at the center of a circle with its associations linked to it.
- Subject tree: This involves a tree form in which the related ideas are connected to the main topic.
- Outlining: This entails the use of an essay framework in which the main points are included and sub-points’ breakdown.
While organizing thoughts, do not evaluate your ideas but outpour ideas on what you already know about the topic. With ideas on a paper, organize them into groups of ideas then identify the most important areas.
Step Two: Research the topic
At this step, you can conduct online research or visit a library. Conduct a research of current events but be careful to adhere to the time frames set by your instructor. Use acceptable sources such as books, scholarly articles and reference works. If you use a web site as a source, evaluate it first for reputability and timeliness. It is also important that you consider the purpose of a website, reliability of the sponsors and author’s credibility.
Step Three: Develop a thesis statement
To be effective, your thesis statement should express the major focus of your expository essay while stating an arguable claim. A thesis statement acts like a bridge of your essay. This is because it has a claim and its supporting details. Being able to develop a tentative thesis is an important step of a guide on how to write an expository essay. Therefore, come up with a claim or sentence that takes a stance on the given topic, debatable, and based on generalization. Ensure that your thesis statement tells readers the point that you will be making in the essay. Also include supporting details to reinforce your claim.
Example:
Claim: Depression as a condition is complex.
Supporting details: It can be caused by different factors including environmental, genetic and biological factors.
Thesis statement: Depression as a condition is complex because it can be caused by environmental, genetic and biological factors combined.
Step Four: Write the introduction
The introduction of your expository essay should reveal or introduce your topic while establishing a context for your essay to the readers. It is important that you consider your audience while writing the introduction. Make them excited or curious to read your essay. Give readers background information about your topic to enable them to understand the key point in your essay. Use the introduction to establish a roadmap for the analysis or discussion of the essay.
Step Five: Write the body
The body of an expository essay is a detailed part in which you present or address your supporting details in fully-developed, separate paragraphs. It is important that you include relevant information or evidence as gathered from research. Introduce the supporting details of your essay using a topic sentence to open each paragraph.
Generally, the body of an expository essay should have the following:
- A topic sentence
- Specific details and their explanation
- An example such as a quotation
- A transition paragraph that links one paragraph to the next
A good expository essay should have at least two body paragraphs with each having a minimum of 100 words.
Example of a topic sentence:
There are several factors which cause depression.
Step Six: Write the conclusion
The conclusion should bring your expository essay to a close. Though a conclusion ought to be like an introduction, it should be worded differently. Using the conclusion, you should summarize and reiterate your main points.
A good conclusion should have the following:
- Relevance: It should repeat the topic’s importance.
- Review: It should reiterate the main points of the essay.
- Summary: It should summarize the conclusions made in the essay.
Example
Relevance: Thousands of women, children and men are affected by depression each year and majority of them do not get help.
Review: The focus of this essay was on causes, symptoms and the available depression treatments.
Summary: There are many devastating consequences of depression apart from its effects on the sufferers and those living with them. Through education however, people affected by this painful condition can be reached.
The conclusion should be like an introduction but it should restate the stated thesis statement using different words. Note that no new information should be included in the conclusion. Leave readers with a feeling that your expository essay has come to an end logically by wrapping up the main thoughts while reviewing the main points.
Five bonus tips on how to write an expository essay
- Structure your expository essay properly
Regardless of the pattern that you choose for organizing your expository essay, include an introduction that has a defined, clear thesis statement at the end. Have body paragraphs that cover your main points. Have a clear topic sentence for each body paragraph. Additionally, make sure that the information that you include in the body paragraphs is factual, statistical, anecdotal or logical. Finally, end your expository essay with a conclusion that reflects your thesis statement and main points of your body paragraphs. To know how to structure an expository essay, use an expository essay sample. Click here for an example of an expository essay.
- Write about something good
When allowed the freedom to choose the topic of your expository essay, choose something good. For instance, if you are required to write about a short story, read and understand before you start writing your expository essay. While reading, ask yourself questions that will enable you to understand the story better. For instance, what you would do if you were a character in the story? Do you like or hate the characters and why? Such questions will enable you to synthesize the story before you start writing.
- Make your essay informative
Remember that expository is the same as informative. Therefore, an important tip on how to write an expository essay is to flood readers with ideas or knowledge. However, make sure that they are relevant. Visit the library, read magazine and conduct online research to get detailed information. Be prudent and sensible while conducting research and reference your sources accordingly.
- Ensure that your brain is a roaring and seething idea-generator
Combine different techniques to generate ideas for your expository essay. Use graphical presentation and clustering to generate ideas. Ask meticulous questions and be self-inquisitive throughout the process of writing an essay.
- Revise your essay
Once you have written your essay, revise it and rewrite where necessary to ensure coherent flow of ideas and paragraphs. Make sure that each paragraph is developed properly with ideas flowing logically. Make sure that the main thesis statement is supported by the paragraphs of the body directly. The conclusion should match the essay.
Get online help with your expository essay now
If you get stuck while writing an expository essay or simply need help with your expository essay, talk to us for instant assistance. You can also visit our homepage for additional information regarding our writing services. Alternatively, keep reading for more guidelines on how to write an expository essay and sample essays on our blog.
Sources
http://classroom.synonym.com/write-college-expository-essay-1165.html
http://www.wikihow.com/Write-an-Expository-Essay
http://education.seattlepi.com/write-college-expository-essay-1214.html
http://web.uvic.ca/wguide/Pages/SampleEssaysExpos.html
- Published in Essay Help, Essay Writing Help, Expository Essays, How to
PESTEL Analysis of Sears Canada Essay
PESTEL Analysis of Sears Canada
A PESTEL analysis of Sears Canada indicates the numerous external factors that affect the operations of this company. These factors constitute the external environment within which this company operates. PESTEL analysis can be defined as a marketing principles’ concept that companies use in tracking the environment within which they operate. PESTEL analysis is very important when it comes to planning the launch of a new service, product or project.
Sears Canada is a retailer with headquarters in Toronto, Ontario. This company, established in 1952, offers consumers in Canada a wide range of shopping options with specialty and department stores. The operations of this company are in all territories and provinces in Canada with 167 networked corporate stores, 197 Hometown stores, 85 Sears Travel offices, 38 Home-improvement showrooms and a countrywide home maintenance, installation and repair network.
Comprehensive PESTEL analysis of Sears Canada
Political factors
The political expenditure policy of this company allows it to engage in the process of political campaigns in electing candidates for political parties that the company believes they support the entire retail industry as well as believe in a system of free enterprise. Using corporate funds, the company contributes for the candidates at state level and in the political actions of committees at state retail association level. Such political activities have an impact on the operations of the company.
Economic factors
Since the global economic crisis of 2008, the economy of Canada has been experiencing recession. The consumers’ purchasing power, unemployment rate and outstanding credit quality has been affected by this economic downturn. As such, consumers are more careful when spending and this has led to unsatisfactory performance of Sears Canada and a decrease in its revenue to $4300.7 million in 2012 from $4613.9 million recorded in 2011.
Social factors
Due to the economic crisis and its impact on the Canadian economy, Canadians have become more averse to risk especially as it is seen from their attitudes towards environmental and financial concerns. Canadians are also concerned about living cost and assets’ safety. These social factors affect the operations and performance of Sears Canada.
Technological factors
The internet is one of the major technological factors that affect the performance of Sears Canada. Online shopping is gaining increasing popularity among countries all over the world. Retailers are working very hard on online stores in order to give shoppers the best online shopping experiences. However, online spending in Canada has not reached optimum levels. This means that online market in Canada has a potential that Sears can exploit.
Environmental factors
Canadians are concerned about environmental issues like environmental degradation and climate change. Although these factors are faced by people across the world, Sears Canada needs to know these factors because they influence the consumption habits of Canadians. Canadians look for environmental friendly and ethically sourced products. Sears Canada must be aware of this while marketing its products to Canadians.
Legal factors
There is a comprehensive legal system in Canada which includes a Competition Act, Canadian Tax Law and Labor Law. These government regulations and documents protect employers and workers’ rights while facilitating efficiency in business operations within Canada. Although to abide by this system a business must incur costs, Sears Canada must follow them in order to avoid confrontations with Canadian legal authorities which can damage its reputation and ruin its operations.
Why PESTEL analysis of Sears Canada is important
A PESTEL analysis of this company gives the management a bird’s eye view or insights into the entire environment within which this company operates from different angles. It is important for the management to consider these external environment factors in order to plan properly or to implement certain ideas. After conducting a PESTEL analysis, Sears Canada can come up with a more comprehensive or detailed SWOT analysis version.
Get help with PESTEL analysis online
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Sources
http://www.sears.ca/content/about-sears-canada
https://docs.google.com/document/d/1OaGvCuGCUeduzGdLDlxwu56GN6gUHG8w8w5Ip6X_Lx8/preview
- Published in Analytical Papers, Custom Writing, Essay Writing Help
Writing an Argumentative Essay
Writing an Argumentative Essay
An argumentative essay is an essay that requires you as a writer to defend a position on the subject or topic matter based on personal experience, historical or literature examples as well as research to support your point of view. When writing an argumentative essay, you can use different arguments to prove your point.
However, good argumentative essay writing should be based on three qualities including
- Being precise in the argument and in use of terms
- Grounding in evidence you provide
- Being clear and concise in prose
Therefore, it is imperative to follow a clear outline for writing the essay and follow a step by step process to help you write a successful essay
Writing an argumentative essay outline
An argumentative essay should have a
- Title
- Introduction
- Body paragraphs including paragraph 1 (topic sentence, main argument of the paragraph and specific examples supporting the main or topic sentence) and paragraph two and three……
- Conclusion which is a brief summary of the thesis and muses on the implications of the thesis
The Title– offer a brief and catchy summation of the main argument. The title should tell the reader what you will argue about in the essay and it depends on your stance.
The introduction– open your essay with a hook to grab the attention of readers. You can pose a question or puzzle that you the essay will later resolve. Whatever strategy you use, keep it brief, clear and ensure it offers a solid bridge to your thesis statement.
It is imperative to avoid general statements that make unsupportable and sweeping claims in the introduction. Warm up sentences are also not necessary in the introduction because they do not contribute anything important to your argument.
You should additionally include a thesis statement in the introduction. This should be one or two sentences long presenting your main idea to target audience. Ideally, you need a brief thesis that explains to readers your main reasons behind your stance or statement. Therefore, you need to brainstorm in length before you start writing an argumentative essay.
Body– each body paragraph should begin with a topic sentence. This is because it announces the argument of the paragraph and how the paragraph will support the overall argument of the essay. The other paragraphs should go ahead to present and explain evidence supporting the topic sentence.
When writing an argumentative essay body paragraphs, avoid putting everything in one paragraph. Have each idea in a paragraph to develop one distinct idea clearly. Squeezing all ideas in one paragraph makes your essay boring to read.
The conclusion-provide a simple summary of your main idea or argument in the conclusion. Note that a good argumentative essay will always have an established core argument by the end of the essay body. Therefore, it is essential to use the conclusion to raise sum up the paper and raise ideas that flow from your argument and evidence.
You can also use the conclusion to offer lessons that people should draw from your argument in today’s age and era. You will realize interesting parallels to another time, issue or place or you will have found interesting emotional or personal reaction to the material.
It is therefore important to be thoughtful and speculative in your conclusion. Note that after presenting solid evidence supporting your claim in the body of the essay, you will have earned the right as an author to share your ideas in broad with target audience in the conclusion.
The process of writing an argumentative essay
Start by reading and identifying the big questions and issues that the assignment focuses on. Your tutor or professor might have focused on the same during your course. Therefore, take clear notes on your readings and identify relevant examples in regards to the theme and issue of the paper. With a main theme, drafting your essay becomes an easy task
Ensure that you understand the argumentative essay question and follow the outline for writing an argumentative essay
Gather solid evidence to support your argument and build your outline. Review your readings and notes to include only relevant evidence to your assignment. Create an ideal spatial environment to allow you to develop each with evidence.
Write a rough draft by starting with a short introductory paragraph, body and conclusion. Do not forget to start each paragraph with a topic sentence that conveys the main argument therein.
More advice on drafting
When writing an argumentative essay rough draft, do not aim for perfection. This is just a piece that helps you to have a clear picture of main and compelling ideas from your outline. It is also a prewriting process that tests your examples and ideas and you can always make adjustments.
If you get stuck with a rough draft, sit back and reflect on the handout of your assignment or outline. Check for relevant and irrelevant statements and delete those that do not add any value to your essay.
Quickly revisit the introduction and ensure that your thesis statement is strong enough and corresponds to what the body of the essay argues about. In many cases, arguments will evolve in the drafting process hence the need to adjust it to reflect your ideas in the main essay.
Create your title – consider titles that are interesting
Revise the rough draft and determine whether the introduction is clear and explains the main argument of the essay and answer the following questions
- Do the body paragraphs flow in a logical manner to help readers understand your overall argument?
- Do the paragraphs start with topic sentences and have enough evidence supporting the main idea?
- Are your sentences clear and grammatically correct
- Have you trimmed unnecessary statements?
- Are your quotes long and needs to be shorted?
- Have you cited your sources accurately and correctly?
Most importantly, use passionate language; provide facts, evidence and accurate statistics to support your argument. You need good and enough reasons to enhance your claim. It is also good to address the opposing side when writing an argumentative essay and refute their claims as well.
It is also good to ensure logical transitions in your statements as you support your argument. Note that an argument is always two sided and as you pick your thesis and develop your argument, the ideas should flow well. Therefore, concisely present your ideas to the reader and make a fair judgment for or against your claims.
For the conclusion, you need a very good summary. Do it with energy by wrapping up and revisiting the thesis statement.
What to avoid when writing an argumentative essay
- Choose interesting topics, stay away from irrelevant subjects and avoid writing on subjects that are not double sided
- Avoid any unattributed statements
- Avoid passive voice statements
- Use past tense when writing about past statements or events
- Avoid the use of slang and casual language in your writing
- Do not end a body paragraph with a sentence introducing the main idea of the next paragraph
- Write with a parallel structure i.e. the same word patterns especially when making a list of abstract things or things
Examples of argumentative essays
Example 1: Cigarette Smoking
Cigarette smoking and packet branding are some of the issues by a lot of controversy. Many people question moral understanding and legality of the government in regards to allowing smoking of cigarette, considering that the cigarette packets are clearly branded with indications that they can cause harm to human health. Most of the cigarette packs bear the signs; Smoking is injurious to health.’ The greatest concern is why the state has failed to ban cigarette smoking…………………………………………………………….
Read this essay here and see how the author argues his stance.
Example 2
Should government invest more money in building shelter house?
Shelter is a basic need for the survival of humans and no one can contentedly live without a good house. Many of the non-governmental and state institutes go through a wide range of operations to protect their citizens from the effects of being homeless (Australia, 2012, p.93). Nonetheless lack of good housing is still a major issue for many states across the globe as well as forces itself into various social systems of the community. Essentially, there are different types of shelters and they include permanent and semi-permanent shelter………………………………………..
Go through this essay and get more ideas on how to write an argumentative essay.
Example 3
Financial Education and Management Curriculum
Financial management involves the effective use of the available limited resources in different plans. Normally, this is realized through incorporation of development projects that seem viable. This management goes ahead to ensure accountability through effective management of resources that are available via regular audits and record keeping activities. Therefore, it is an important field in the entire economic sector that involves making financial decisions.
Get more ideas on how to write and organize an argumentative essay by reading this piece.
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SOURCES
https://www.roanestate.edu/owl/argument.html
http://web.calstatela.edu/faculty/cendy/writing_tips.pdf
http://study.com/academy/lesson/argumentative-essay-definition-format-examples.html
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Sample Essay on the 2008 Financial Crisis
2008 Financial Crisis
The 2008 financial crisis is considered by many economists across the globe as the worst recession after the Great Depression of 1929-1930. It was a serious economic state despite efforts by the Treasury department and the Federal Reserve to prevent it and the US banking system from collapsing.
Due to the crisis, housing prices fell by 31.8percent more than that of the Great Depression. Two years after the 2008 financial crisis, the recession ended but the rate of unemployment was still high. Many people had given up looking for jobs and they were no longer counted amongst the jobless. The number was alarming.
What caused the 2008 financial crisis?
According to economists and researchers, signs of a financial crisis were evident from mid-2007. The first cause was linked to a fall in housing prices in 2006. Many realtors by 2006 were however relieved because, they thought housing prices and housing market would normally resume or rise to a sustainable level.
The realtors however failed to realize that many homeowners had a questionable credit rating. Many homeowners had loans for more than 100 percent of their home’s value. A large number of financial institutions and mortgage lenders had also resold mortgages in packages. This was part of mortgage backed securities.
Initially, Federal Reserve always thought a subprime crisis would affect other sectors but would always be isolated to housing market. However, financial institutions across different parts of the globe and hedge funds owned most homes in form of mutual funds, pension funds and corporate assets.
It is also good to note that original mortgages had been resold in pieces and the remaining actual derivatives were impossible to price. The value of the mortgages plummeted and investors across the globe started to panic.
Many pension funds institutions bought risky assets thinking that they would be protected from downsides risks. As a matter of fact, many owned insurance in the form of credit default swaps but it could not help to prevent the 2008 financial crisis.
After a short span of time, financial institutions began to panic. They realized that they were the only ones to absorb losses as a result of poor credit by many homeowners. No one wanted to be caught up in the crisis. Banks started to exercise caution and avoided lending money to each other. They tried to avoid situations where they could get stuck with worthless mortgages as their collateral. Inter-banking costs or interbank borrowing costs rose in the end aggregating the situation.
What was the cost of the 2008 financial crisis?
The Treasury department spent up to $150 billion to subsidize the economy and to finally take up Freddie Mac and Fannie Mae. Federal Reserve on the other hand had to use $85 billion and eventually $150 billon to bail out the AIG. Federal Reserve had to pump liquidity into the banking but it was not enough.
In March 2008, many investors went for Beas Stearns because it was rumored to have the worthless assets. Bear later approached Morgan Chase to bail it out from the situation. In September 19, 2008, the crisis led to run on Ultra Safe Money Market Funds. Within a short span of time, businesses moved to safer Treasury bonds.
Safer Treasury bonds sustained many businesses. Later on, $350 was used to buy automotive company stocks because the prices were depressed. By 2010, banks had picked up and paid back $194 billion.
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Sources
http://useconomy.about.com/od/criticalssues/f/What-Is-the-Global-Financial-Crisis-of-2008.htm
http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308
http://useconomy.about.com/od/criticalssues/f/What-Is-the-Global-Financial-Crisis-of-2008.htm
- Published in Essay Help, Essay Writing Help, Paper Help
Sample Essay on Systemic Risk
Systemic Risk
Systemic risk is the vulnerability to unpredicted events including major catastrophes and earthquakes among others. These events affect the distribution of resources and the amount of resources in the market.
Systemic risk can also be defined as risk inherent to the entire market segment. It usually affects the overall market and not only the industry and stocks. Undiversifiable risk, market risk or volatility risk is caused by events that cannot be avoided completely. What’s more, it cannot be mitigated through diversification but only through the use of the right asset allocation strategy.
Putting assets in bonds and assets in stocks can easily mitigate a systemic risk. This is based on the fact that interest rates often shift and makes bonds less valuable to make stocks more valuable and vice versa. As a result, it limits the overall change in the portfolio value from systematic changes.
Interest rate changes, recessions, wars and inflation can also cause systemic risk. These factors affect the entire market. Systemic risk is one of the risks that underlie all other market and investment risks across the globe.
The Great Recession is one of the best examples of systemic risk. It is a risk that affected many businesses across the globe. Any person who had invested in the market in 2008 suffered a great loss. The value of many investments changed because of the Great Recession. It was a market wide economic event that affected investments regardless of the type of securities that one had held.
The Great Recession also affected different asset classes in different ways. Even so, investors with broader allocations were affected less than those with stocks only. To understand how much systemic risk a portfolio, fund or security has, it is always essential to take a closer look at its beta. This helps you to measure how volatile an investment is in the market compared to others.
A beta that is more than 1 means that a fund is more volatile in the overall market and less than one means that a fund has a less systemic risk. If a beta is equal to one, this means that a fund has the same systemic risk as the market itself.
The federal government often uses systemic risk as a clear justification for it to intervene in the economy. The main basis for intervention by Fed is to ensure the ripple effect from a company level in any event through targeted regulations is reduced. For instance, Dodd-Frank Act of 2010 was put in place with an enormous set of new laws aimed at preventing another event of the Great Recession from occurring. The laws regulate financial institutions and firms by limiting systemic risk.
According to researchers and economists, the size of Lehman Brother’s size and its integration in the US market or economy has made it a great source of systemic risk, when the firm collapsed; the US witnessed a lot of problems in the country’s economy as well as the financial system. Additionally, capital markets froze up, consumers could not access any loans and businesses could only get loans only if they were creditworthy. Those that posed minimal risks to the lender could also access loans.
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Sources
http://en.wikipedia.org/wiki/Systematic_risk
http://www.investopedia.com/terms/s/systematicrisk.asp
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