International Expansion Analysis TripAdvisor Case Study

Introduction In the last few decades, the world has witnessed increased integration of the global economy, which has resulted in new opportunities for economic, and income growth. One of the significant driving forces is globalization as characterized by the production of goods and services, linked, and synchronized on a global scale thus opening significant opportunities in all regions.Advertising We will write a custom essay sample on International Expansion Analysis: TripAdvisor Case Study specifically for you for only $16.05 $11/page Learn More Therefore, as a company that aspires to internationalize its business operations, TripAdvisor has been motivated to expand into foreign markets such as China and Germany due to the looming market opportunities. Furthermore, there are various factors including the size of the company, its leverage, market saturation, and the overall market conditions that have made TripAdvisor to globalize its business and oper ations to such foreign markets. In that respect, the purpose of this paper is to focus on the international expansion of TripAdvisor in countries like China and Germany. The paper analyzes the motivations for international expansion based three theories namely the product cycle theory, imperfect market theory and theory of comparative advantage. A risk analysis of the countries where TripAdvisor wants to expand its business operations is also carried out. Besides, an analysis of the possible financing sources for TripAdvisor expansion is performed and an estimate of the cost of capital for TripAdvisor expansion project to China offered in the report. International Expansion Analysis for the TripAdvisor In February 2000, Palka Tom, Shanny Nick, Steinert Langley, and Kaufer founded TripAdvisor Company. After the company started to generate some profits in the fiscal 2002, the management began to expand its business operations to the United States and other parts of the European market s. hese markets attracted the company due to several reasons: (1) the regions had very large customer base, (2) the local residents who had travelled considered themselves risk-takers, (3) the market was fragmented and (4) the potential customers could be identified with regions. Theory of comparative advantage In international trade, the comparative advantage theory appears to be amongst the most imperative concepts that can be used to analyze global business operations for a company like TripAdvisor. Given that TripAdvisor yearns to increase its profits, expanding its global operations to a country like China will help the company to minimize the cost of operations. First, China offers cheap labor or inexpensive raw materials that TripAdvisor can use to help it minimize the incurred expenses. Second, unlike other companies such as eBay and Yahoo that failed to prosper in these new markets, TripAdvisor is financially leveraged and can successfully set its presence in Chinese and Ge rmany.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Besides, the overall market condition in Italy, Spain, and France where TripAdvisor operates is saturated and the two countries offer ready markets for this company to take advantage of and dominate the world largest travel sites (Tallman, 2010). Given that Germany and China are tourism destinations, TripAdvisor core businesses including displaying restaurants, inns, breakfast and beds, as well as attractions founded on reviews generated from the users can possibly surpass those offered by rival corporations (Luo, 1999). Thus, since the market conditions in Europe are currently saturated and unfavorable while the market conditions in China and German are favorable, TripAdvisor has been motivated to seek international expansion into the later countries. Imperfect market theory Spain, France, and Italy are some of the markets where busine ss operations information is hardly divulged to all market participants due to the level of market competitions. However, despite the fact that online travel booking consumers in China are few, the general market conditions are favorable and market information is accessible to all market participants. In fact, acquiring information on market operations in Germany and China is inexpensive and this is an addition international expansion advantage for TripAdvisor Corporation (TripAdvisor, 2009). The online travel markets found in China and German are managed and regulated by responsible authorities hence the prices for the travel market services and goods are not controlled by a single or many sellers. The Chinese and German markets are leveraged and companies such as Monster, About.com, eBay, Yahoo, and Google could not thrive under the prevailing situations. Product cycle theory Most literature on international expansion strategies assert that corporations that aspire to go global mu st first establish themselves domestically prior to going international (Wald, 1999). This implies that, TripAdvisor Corporation has been serving the local markets for more than ten years. In fact, TripAdvisor Corporation has offered the online travel market services and goods to the locals since its introduction through to the growth stage, maturity stage, and the declining phase. Having been famous at the domestic level, TripAdvisor is obliged to expand its business and market operations to the overseas countries like China and Germany in order to accomplish its service provision demands in foreign markets (Harrison John, 2009).Advertising We will write a custom essay sample on International Expansion Analysis: TripAdvisor Case Study specifically for you for only $16.05 $11/page Learn More Thus, the need to start from service introduction through to the declining stage is amongst the motivations that drive TripAdvisor Company to seek for internationa l business and market expansion in these foreign lands. That is, TripAdvisor aspires to introduce its online travelling market services in areas where it presence has not been felt. TripAdvisor possible expansion in Germany and China Before expanding its business operations into countries such as Germany and China, TripAdvisor must put into consideration numerous risks factors prior to deciding the region that offers lucrative business opportunities. However, both countries present different business and market environments in terms of fluctuations in global currencies, political and economic instabilities, as well as cultural and religious influences (Kirsner, 2010). The overall fluctuation of German and Chinese currencies is a major factor that might affect the development of TripAdvisor into these market economies. Equated to other nations such as Japan, France, and Italy this situation might cause strain in revenues and operating incomes in both Germany and China. Moreover, ther e is political polarization in some Chinese market regions where TripAdvisor intends operate. In China, policies regarding minimum wages are observed strictly unlike in German environs and this is intended to shun infringing labor rights. Monetization is a general challenge in China in that only limited success is evident in all businesses listed in the recent stock exchange. However, policies relating to foreign business are accommodative in both Germany and China such that it is easy for TripAdvisor to operate smoothly with minimum risks (Harteveldt, 2009). Generally, German consumers get encouraged to consume TripAdvisor products as currencies are stronger and the rates of interest are low in Germany than in China. The political parties in both Germany and China are in the forefront to make sure that the business environment is stable. Even during the economic slump periods, TripAdvisor intends to charge reasonable prices on its products to its customers in both countries. Given that its services are locally as well as globally oriented, it is advantageous for TripAdvisor to work in all areas across China and Germany (Gupta Herman, 2011). In contrary, its services can best be expanded to Germany than in China given that inflation in Germany is lower than in China whilst income rates for both countries are high. Germany and China uphold societal status and strong cultural practices hence TripAdvisor in its bid to expand its operations in these regions is likely to encounter cultural challenges (Madura, 2011).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In fact, to suit the general population standards of living TripAdvisor will have to upgrade its services to suit the cultural needs of the Chinese and Germans. Unlike China, Germany offers odd and flexible working hours thus making clienteles to access TripAdvisor online travel market services anytime. Recommendation TripAdvisor Corp has been conducting its online travel business operations in different foreign markets. However, the market entry modes depend on the type and nature of the market environment where the company wants to initiate its online business operations (Hill Jones, 2007). Since there are entrenched firms offering almost similar online travel products and services such as text links, business listings, and display advertising in China, the Chinese market is very competitive. Thus, to avoid encountering market entry barriers, competition and business challenges, it is prudent that TripAdvisor Corporation should seek a strategic alliance or merge with one of the l eading domestic online travel and service-offering firms based in China (TripAdvisor, 2010). The strategy will help TripAdvisor to avoid incidences of price competitions, tariff and market entry barriers, as well as have access to the locally available cheap raw materials and labour.  TripAdvisor Company should employ some competent Chinese managers to help it run the corporation in the Chinese environment. This follows the fact that Chinese managers are well conversant with the demands of the Chinese products consumers and the level of market competition. Besides, the managers will assist the company to abide by the culturally sensitive issues as well as the business operation regulations in China (Rappaport, 1986). Finally, TripAdvisor should minimize its costs of operations through hiring the cheap locally available labor and offer online travel market services at reduced prices to capture a larger market segment. Analysis of the financing sources for TripAdvisor expansion In o rder to go global, some of the possible financing sources for TripAdvisor include debt, and equity financing. However, one major challenge companies like TripAdvisor face is the choice made regarding the capital structure (Hutchinson, 1995). However, TripAdvisor is set free by its financial management to choose amongst the many alternative capital structures. For instance, as a globally recognized company, TripAdvisor can either opt to issue large amounts of debts or even very little debt. Moreover, the company has the option of arranging for the lease financing, issue convertible bonds, sign forward contracts, trade in bond swaps or use warrants. It can as well issue dozens of discrete securities in myriad combinations (Pinkowitz, Rohan Rene, 2007). Based on capital structure theory that was developed by Modigliani and Miller, it is evident that the capital structure adopted by TripAdvisor will greatly influence its mutual profitability. Hence, it is essential to find the imperati ve factors, which influence this company’s choice of leverage. In most cases, TripAdvisor capital structure constitutes collateralized assets, which include assets, equity such as the hybrid capital, minority interest, subscribed capital, and reserves. Finally, the last groups within TripAdvisor capital structure are the financial liabilities (Graham Harvey, 2001). The global expansion funding for TripAdvisor venture will accrue from the owner’s equity investments available in form of loan (Titman Wessels, 1988). Capital for TripAdvisor expansion project to China WACC for TripAdvisor is the average cost that the company incurs derived from the investors’ capital and it incorporates a given combination of equity or debt (Fama French, 1998). Founded on the WACC principle, the capital costs always depict pre-tax costs for instance, costs incurred before investing and corporate taxes. To ensure that it operates efficiently, TripAdvisor should apply CAPM to monito r and further reduce its costs in its international expansion operations (Grossman Hart, 1982). TripAdvisor CAPM is given by rj=rf + ÃŽ ²j(rm-rf) where rj = required return on a security; rf = risk-free rate of return; ßj = beta coefficient for the security and rm = required return on the market portfolio. Taking ÃŽ ²j=1.93; rm=10% and rf=4%, rj= 0.04 + 1.93 (0.10-0.04) =0.16. The required return on market portfolio for TripAdvisor in the first fiscal year will be 16%. Conclusion The cost of capital determined using WACC principle corresponds to a similar tax level equivalent to the earnings underlying that are normally included in the returns on the invested capital (Gaver Gaver, 1993). From the computed WACC in the appendices, it is expected that the cost of capital for an international project will be higher than that of a domestic venture. This follows the fact that there are risks associated with international operations including volatility or high gearing which results i nto high earnings volatility (Gleason, Lynnette. Mathur, 2000). Thus, shareholders demand that the company achieve higher return targets for purposes of financial risks. Nevertheless, TripAdvisor Corporation gearing should utilize cheaper debt finance as well as trade-offs between riskier capital structure and cheaper finance. The cost of equity integrated into WACC reproduces the returns expected by the investors from TripAdvisor shares. Moreover, the costs of outside capital depend on the average borrowing cost of TripAdvisor (Booth et al., 2001). References Booth, L., Asili, D., Varouj, A. Maksimovic, V. (2001). Capital structure in developing countries. Journal of Finance, 56(4), 87-130. Fama, E. French, K. (1998). Taxes, financing decisions, and firm value. Journal of Finance, 53(1), 819-43. Gaver, J. Gaver, K. (1993). Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies, Journal of Accoun ting and Economics, 16(3), p.125-140. Gleason, K., Lynnette, K. Mathur, I. (2000). The interrelationship between culture, capital structure, and performance: evidence from European retailers. Journal of Business Research, 50(4), 185-91. Graham J. Harvey, C. (2001).The theory and practice of corporate finance: evidence from the field. Journal of Financial Economics, 60(2), 187-243. Grossman, S. Hart, O. (1982). Corporate financial structure and managerial incentives: The eco of information and uncertainty. Chicago, US: University of Chicago Press. Gupta, S. Herman, K. (2011). TripAdvisor. Harvard Business School Publishing. Boston, MA. Harrison, J. John, C. (2009). Foundations in strategic management. Boston, MA: Cengage Learning. Harteveldt, H. (2009). Why travellers contribute ratings, reviews and more online. Forester, September 10, 2009. Hill, C. Jones, G. (2007). Strategic management: An integrated approach. Boston, MA: Cengage Learning. Hutchinson, R. (1995). The capital structure and investment decisions of the small owner-managed firm: some explanatory issues. Small Business Economics, I7 (3), 231-9. Kirsner, S. (2010). Google acquires ITA software: The background briefing. Boston Globe, July 1, 2010. Luo, Y. (1999). Entry and cooperative strategies in international business expansion. Westport, Connecticut: Greenwood Publishing Group. Madura, J. (2011). International financial management. Mason, OH: Southwestern Cengage Learning. Pinkowitz, L., Rohan, W. Rene, M. (2007). Cash holdings, dividend policy, and corporate governance: a cross-country analysis. Journal of Applied Corporate Finance, 19(2), 81-87. Rappaport, A. (1986). Selecting strategies that create shareholder value. Harvard Business Review, 1(2), 140. Tallman, S. (2010). Global strategy. Hoboken, New Jersey: John Wiley Sons. Titman, S. Wessels, R. (1988). The Determinant of capital structure choice. Journal of Finance, 1(43), 1-19. TripAdvisor (2009). TripAdvisor expands in China wi th agreement to acquire Kuxun.cn. Press News, August 12, 2009. TripAdvisor (2010). Fake TripAdvisor reviewers to be named and shamed. Daily Nation, October 27, 2010. Wald, J. (1999). How firm characteristics affect capital structure: an international comparison. The Journal of Financial Research, 1(22), 161-187. This essay on International Expansion Analysis: TripAdvisor Case Study was written and submitted by user Isabell Wilkinson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Financial Outcomes Paper Essays (1249 words) - Dividends, Dividend

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Etihad Airways Selection Techniques Analysis

Etihad Airways Selection Techniques Analysis In principle, to ensure that Etihad Airways company moves towards addressing differences in the work-force profile, such Project Manager Emirati Cabin Crew assistance should be available for any possible to ask who meets the basic requirements of the job. () On the other words, the job advertisement, which should be closely based on the person specification, where appropriate, includes detailed reason for significant professional individuals to seek. A mechanism for applications should be specified, which would generally be in the shape of a standard Project Manager Emirati Cabin Crew application form designed to obtain information relevant to the job. Furthermore, every applicant ought to obey through the application course of action. The selection decision should eventually be made by more than one person who has a thorough knowledge of the work required for the Project Manager Emirati Cabin Crew position. Moreover, a Selection Panel is, as a result, requisite, which ought to take account at least single person who has been trained in selection practices, furthermore understands Etihad Airways groups selection procedure. All members of the selection committee ought to be implicated in the short-listing procedures. () On the other hand, the candidate specification for the Project Manager Emirati Cabin Crew position will figure the starting point of the selection resolution. Additionally, records ought to be kept on the scope to which every nominee meets up the necessities of every feature of the nominee pattern. 3) Selecting Best Candidate: In todays changing environment, one of the biggest challenges facing Human and Resources Managers is recruiting and retaining employees with the right skills. For that reason, a framework of ethical practice, the Recruitment and Selection should be developed in conjunction with employers along with the specialists as an externally assessable tool to assist employers with recruitment issues. On the other hand, selection process is a later stage of the recruitment. Since, it involves choosing appropriate along with qualified applicants suited to the job. Moreover, selection is a social, interactive entertainment as well as skill development, which are recommended for the use of structured and tested methods to achieve objectivity, reliability along with reduced risk in addition to uncertainty. In Etihad Airways Company, many prospective interviewees might comprise the essential character for the effectual presentation of the Project Manager Emirati Cabin Crew occupation, but require experience or even credentials throughout not having appropriate chances. () For that reason, mare and more care ought to be taken, and so, in the specification of requirements of the Project Manager Emirati Cabin Crew post has to be ensured since statements of action in addition to type of event along with academic as well as training requirements are justified. The terms and conditions under which the Project Manager Emirati Cabin Crew position holder is to be engaged should be reliable with the present workforce policies of Etihad Airways Company. () Etihad Airways Company might use a merit-based way to optimize the potential for selecting the most suitable candidate for Project Manager Emirati Cabin Crew job. The method, which may be, used a combination of written application, behavioral based interview questions, testing or even presentations. This approach has been established in Etihad Airways Company to ensure the best possible selection moreover that there is not fairness on foundation unconnected to the necessities of the Project Manager Emirati Cabin Crew position. () On the other hand, each ignoring of such a situation ought to be sustained through a written depiction of the function as well as tasks of the same vacant position. Therefore, this will typically be in the appearance of an occupation description of the Project Manager Emirati Cabin Crew position. () Care is needed in their arrangements to ensure that all aspects are justified. On the other hand, such post description ought to be escorted through a comprehens ive individual requirement that will figure the foundation of whichever selection assessment for the appointment of Project Manager Emirati Cabin Crew. Since objectivity is hard to get through interview alone, a variety of selection manners may be established, extremely close based on the individual requirements for Project Manager Emirati Cabin Crew position, which may contain work-related tests or even assessments. Nevertheless, thought might be taken when selecting or even designing tests along with analyzing their results to make sure that they are available from unfairness. Interview questions might be chosen with care moreover, designed to obtain the information covered in the person specification. Particular attention should be taken to fill up using questions, which might indicate a desire to make a call into account inappropriate material. Interview format as well as contented should be applied consistently toward every candidates interviewed. Records might be held for every of the candidates which represent the position to which the requirements of the different parameters were met. Furthermore, these records might be kept for at least of six months following the selection. Candidates might want to take delivery of response about their performance in the selection process. Moreover, such feedback may only be provided with a reasonable person directly involved in the selection decision. The purpose of an interview is to obtain specific data from a candidate to resolve his or even her aptitude to carry out the occupation. However, successful interviewers learn how to use the right kind questions, how to avoid the candidate talking about facts data knowledge, moreover how to pay attention. A great deal of what is educated concerning candidates in an interview is found on their previous practices. On the other hand, past performance is the best indicator of future performance. Consequently, this does not signify that somebody who had carried out badly in the earlier period cannot enhance in skills as well as thoughts. Generally, however, It can be seen a change in working through specific jobs or assignments. () Sometimes interviewers believe that an applicant who has done somewhat has made it fine or that prolonged existence on a Project Manager Emirati Cabin Crew position is a sign of success. A credit record can corroborate the excellence of the work presentation. It is necessary to be well prepared when conducting the interview to ensure the recruitment process remains effective, clear and consistent, and to preserve the most suitable candidate for the position of the Project Manager Emirati Cabin Crew. 4) Candidate Orientation: Recruitment and selection grant managers to establish and steadily uplift the behavioral characteristics and the ability of the workforce. The appeal for most attention has focused on people with a preference for working through others as opposed to the individualist preferred by recruiters earlier. Attention has switched from testing lists of skills and abilities to broader-based competencies. In general, there is a greater concern for personal flexibility along with adaptability, a reorientation from the contribution towards future stability. Offer letters are contractual agreements between the employee and Etihad Airways Company. Therefore, considerable care should be taken to secure that the information contained in them is true also that all parties involved understand all of its components. The concern section or department should have approval from the management on all points contained in a proposal before it is extended. The same sector at Etihad Airways Company will be held liable for any prohibited items contained in offers. To avoid future confusion, departments at Etihad Airways Company, should take suitable documents for whichever obligations made to a nominee for the situation of the Project Manager Emirati Cabin Crew. It is much easier to maintain certification to submit to somewhat than depend on remembrance, particularly given that the propose might extent numerous years, additionally there may be a variety of sources. () This offer letter with the start date, title, work location, supervisor, and wages should be sent to the one selected, with a copy in the personnel files. Etihad Airways Company should respond in writing with an acceptance letter. Moreover, offer letters may serve as a legally binding contract. Therefore, it should be avoid terms such as permanent or career, these may cause significant strain. Hiring employees are like a business transaction, not terribly different from selecting supplies for Etihad Airways Company. When a need for supplies. Then it may be looked for merchandise that is of exceptional quality and an agreeable deal. Similarly, it is known what it may be needed in Etihad Airways Company; now it may be looked for someone whose skills and qualifications meet your business needs. A good way to improve the questioning technique is to examine. Practice the phrasing of questions prior to conducting interviews. Add some specific questions to the interviews and evaluate the types of responses it might be tried. Analysis each interview to learn how to improve the style. Good questioning skills can positively enhance the interviewing success. Taking the time to check references, it is worth it. Therefore, checking references can be a time consuming task as well Etihad Airways Company had abandoned the idea of doing some more than a cursory verification of a few facts. For that reason, the cost to Etihad Airways Company of a hiring error is harmful; it is preferable to take the time to get the right selection procedure in the primary situate. On the other hand, Etihad Airways programs provide challenging with unprecedented opportunities for shared reflection. In this way, such conduct creates in Etihad Airways learning surroundings contained by a compassionate impression, which in revolve carry about learning conclusion away from those of the classic cases in the Etihad Airways. () Given that such appearance which can be more sensible than replications, furthermore while it offers an opportunity for career through the same experience in the Etihad Airways, it proves extremely useful in training and complex situations where resistance to change is endemic or where an attitude of certain conservative thinking exists. () Moreover, Etihad Airways Provide a cost effective, best practice approaches to training and development through effective implementation of the new framework of qualifications of Etihad Airways staff. 5) Techniques Evaluation: In such case, we have a Project Manager Emirati Cabin Crew position, as a valid case, Etihad Airways Company strategic approach to hiring, retaining along with promoting staff has resulted in superior illustration at all ranks of the company. Etihad Airways Company supports local employees through its Emiratization Employee Networks. A Strategic Approach started at earlier stages by the senior leadership, Etihad Airways Company provides tools for managing employees, working with their supervisors to develop career paths, moreover, develop skills along with experiences that work toward achieving their career aspirations. Advantages of Etihad Airways Selection Techniques: 1) Using technology for efficiency reasons: Etihad Airways might be acting as the first group who utilized computerized systems at its work. That is not excluding accounts and business activities, besides converting most of its exchanges and transmissions works into the digital era. 2) Replace people with technology: As more of technology is introduced, less of people might be required to achieve the same job. One of the main goals of Etihad Airways is to reduce the percentage of the junior workers because they are not UAE local people and Etihad Airways has not gained more power to execute such percentage. Disadvantages of Etihad Airways Selection Techniques: 1. Lower labor costs: Although Etihad Airways tries to seduce local UAE people to the people by giving them particularly attractive compensation, in consequence, they are paying less for learning junior staff comparing to the other sector in UAE such like Etihad staff. In addition, Etihad Airways adopted 5 working days per week for help duties; but operational functions are working in shifts. Etihad Airways is depending more on contractors labor history for some of its use and external works requirements. 2. Low cost recruitment and training: Etihad Airways is exceedingly rare to fight for job vacancy, as it is performing a beautiful place to identify at UAE market. On the other hand, for junior staff, it is usually employing directly from Asian low wages countries. On the other hand, Etihad depends on its training center at Abu Dhabi for most of senior staff and all lower staff. More to the fact, which is conducting in consideration consultation and training sessions at specified places of work. Training there is only for local UAE senior staff. Therefore, in order to fulfill the recommendations made in the Etihad Airways Company overview and to be effectively implemented the reform agenda and the learning management system, the goals are: Employment at Etihad Airways, should comply with the real demand of the work force in Etihad Airways Company in order to avoid unnecessary utilization. At Etihad Airways, comprehensive computerized tests should be introduced in order to have a fair assessment of potential candidates covering basic skills to have such as computer applications, management and analytical skills. Recruitment strategies at Etihad Airways, should abide through other parts of human resources such as reimbursement and training, which have a significant impact on attracting and retaining this active labor force. In order to achieve the desired percentage of Emiratization at Etihad Airways, take over should be minimized to a reasonable rate and that cannot be reached without an efficient coordination with other departments in Etihad Airways Company, compensation, training and development, employee relations to look over the main constraints for the high percentage of turnover. Planning and Follow-up Section at Etihad Airways, should reflect the assigned functions/roles to follow up new recruits job after joining the company, that is includes providing appropriate training programs, career development and solving grievances in order to help retaining these high caliper employees. Applying through the Internet at Etihad Airways, should be introduced to improve the image of Etihad Airways Company and make it easy for the applicants. Applicants can offer their resumes also fill up in the arranged application figure as well as to have more accommodation options such as reserving the timely and perfect timing for taking the test and interview. Advertisement in newspapers for specific positions at Etihad Airways might introduce in order to get the most appropriate people needed to register on the needed time. Etihad Airways Company should try to eliminate all obstacles and difficulties in the way to achieve its pivotal position to determine amortization percentage to respectful one by analyzing reasons of development and try to minimize it.

Edgar Allen Poe :: essays research papers

Edgar Allan Poe (1809-1849) Written and Contributed by SUGABUGA456 Edgar Allan Poe was one of America’s famous poets, fiction short-story writers, and literary critics. He is known as the first master of short story form especially in tales of horror, and mystery. The work he produced was considered to be some of the most influential literary criticism of his time. His poems made him one of the most famous figures in American literary history. His influence on literature is seen in all literature books in schools everywhere. Some of his famous writings is that of "Annabel Lee"; his detective story, "The Murders in Rue Morgue"; "The Pit and the Pendulum" and "The Tell-Tale Heart" are the best among his horror stories; and The Raven one of his best poems which among all these, made him very famous in 1845. "The Fall of the House of Usher", and "The Masque of the Red Death", made him a forerunner of symbolism, and impres sionism. Poe antagonized many people with a scathing campaign against an American poet Henry Wadsworth Longfellow for supposed plagiarism. Later that year Poe admitted to being drunk, which further separated him from the public. Poe’s later years were full of economic hardship and ill health. Poe was born in Boston, Massachusetts on January 19, 1809. He was orphaned at the early age of two, his father deserted the family and his mother died all before he was three in 1811, then Poe became a ward and was raised as a foster child by John Allan, a wealthy merchant of tobacco, and his wife Frances in Richmond, VA but they never legally adopted him. Taken by the Allan family to England at the age of six, Poe was placed in a private school. In 1826 Poe enrolled at the University of Virginia in Charlottesville. where he acquired gambling debts that John Allan refused to pay. Eventually, Poe was forced to withdraw from the university, and Allan prevented his return to the university and broke off Poe’s engagement to Sarah Elmira Royster, his Richmond sweetheart. His relationship with Allan was declined and he moved from his foster father and enlisted in the army. Also in 1827, he went to Boston where he wrote his fist book "Tamerlane and other poems" that he sold for $.12 a copy but it didn’t sell. He served a two year term while waiting for an appointment to the US Military Academy.

A Quality Management Case Study Defects Essay

Quality Control is developing evaluation schemes to ensure products are designed and produced to meet or exceed customer requirements. Any unit of production not meeting the standard is immediately eliminated. Researchers apply the Pareto principle implying that very few quality defects account for the larger quality losses. Pareto diagrams allow us to separate vital few factors that cause majority defects from the less contributing factors. Resources are then used to correct these factors and optimum quality standard is achieved. This study examines for defects found during final inspection of printed circuit before they are integrated into the next higher assembly. Manufacturing process followed standards such as MIL-Q. It’s a standard written by the government used even by commercial enterprises. Whenever we have a defect cited, a discrepancy report (DR) is generated. The DR record keeps track of when what defect was detected by whom and where. It also stores information about what action was taken to restore quality unit. Defects are classified as types (In this study, there are 31). These broad categories are further sub categorized. In nutshell, this effort of planning quality is the essence is Quality Assurance. Using the online DR system, Managers analyze defects. First, Managers find out the correlation between inspections and defects. Pearson’s coefficient is a valuable indicator of that. Secondly, Managers analyze the ratio of defects to no. of inspections per week. To crack the whip on detailed data of actual defects, Pareto analysis (Quality Control measure) is performed. Significantly, it shows percentage of defects caused by the key defect types. Working groups are formed to drill down on the last few vital factors to suggest corrective actions and completely eliminate defects. New drawings, procedures are designed and applied to achieve highest quality. During the highest problem period in this study, no. of inspections went down drastically. One reason could be that the work completed was less (because of more defects) and so the number of inspections went down. But the repaired boards needed to be inspected. Inexperienced operators could be the other reason. This leaves a lot of work yet to be done in this field. This study however does benefit quality management efforts. Although, this case is specific to the airline industry, the approaches described here can be usefully applied to any project. Maintaining quality is a very crucial task and any project management must seriously focus on it. Harvard Business Review

Take It Easy Quotes to Live By

Take It Easy Quotes to Live By Just about everybody feels rushed and stressed at times. Since we all know that stress can be harmful to our health, nows the time to take steps to reduce the amount of stress in our lives. Slow down as you do things. Accept that what has passed  is past. Take one step at a time instead of multitasking your way through the day. Identify  what you are doing when you feel totally relaxed and focus on these activities instead of ones that stress you out. No one can avoid all the stress in life, but you can cut back on it. Chill Out With These Quotes Jim MorrisonTime to live, time to lie, time to laugh and time to die. Take it easy baby. Take it as it comes. Christian Nestell BoveeThere is a German proverb which says that Take-it-Easy and Live-Long are brothers. David SelznickWhy do you knock yourself out? Take it easy. Elbert HubbardDo not take life too seriously; you will never get out of it alive. Johnny CashI recently found myself going through a period of uncertainty about my future as a performer, my status as a personality, the believability of my Christian witness and the knowledge of Gods will in my life. I felt a force bigger than myself saying, Lay back. Take it easy. Study hard. Read your Bible. Think, write and keep your mouth shut for awhile. Kate JacobsIts all about getting the hang of things. Easy does it; take it easy. Youll figure everything out in time. But for right now, just keep trying. Pay attention and avoid the temptation to go further than youre ready. Talk less. And listen more. Martin ScorseseThe problem with anger is that its so consuming. Youve got to take it easy on yourself at a certain point. Robert BreaultIts not that Im a Type-B personality. Its that Im driven by a passionate, all-consuming desire to take it easy. Jack Kerouac ï » ¿So long and take it easy, because if you start taking things seriously, it is the end of you. Jackson BrowneLighten up while you still can, dont even try to understand. Just find a  place to make your stand, and take it easy. Fats WallerTake it easy, be a sport. Just remember life is short. Oscar WildeLife is too important to be taken seriously. Ryan ReynoldsI see guys with, like, eyebrow art, and I wanna tell them, You dont have to go too crazy on your brows. Take it easy, man! Golda MeirMy dear, old age is like an airplane flying in a storm. Once youre in it, theres nothing you can do. You cant stop a plane, you cant stop a storm, you cant stop time. So you might as well take it easy, with wisdom. Mark GormanOnly 8 percent of our worry will come to pass. 92 percent of our worry is wasted. Dont panic!

Check out this Phrasal Verb Breakdown! Workout or Work Out Signup or Sign Up Your Questions Answered.

Check out this Phrasal Verb Breakdown! Workout or Work Out Signup or Sign Up Your Questions Answered. This weekend, I had the pleasure of staying in the Hilton Garden Inn in Schaumburg, Illinois.   On the bedside table was a pamphlet entitled, â€Å"In-Room Comfort Guide.† I happily read about the superlatively comfy bed and pillow I was to sleep on and the ergonomic chair I would sit in while working on my laptop.   Then I turned to the back page of the pamphlet, where it said: Workout in the comfort of your own room. â€Å"Do they mean for ‘workout’ to be a noun or a verb?† I asked myself.   â€Å"Do they mean, ‘Get a workout in the comfort of your own room’ or does the Hilton have editors who do not know that workout is a noun, not a verb?† As I read on, I came to the conclusion that the Hilton’s editors have a few things to learn about grammar.   The first sentence of the paragraph under the headline says: Workout in the comfort of your own guestroom when you check-out our complimentary Stay Fit Kit  ® from the front desk. Oh my!   Not only did the editors miss the fact that the verb to â€Å"work out† is TWO words (known as a PHRASAL VERB), but they also did not realize that â€Å"check out† should be TWO words!   You would think that editors working for a HOTEL would know that check-out is the noun for what you do when you check out (verb) of a hotel. Gearing Up with More Phrasal Verbs! Work out and check out are just two examples of phrasal verbs that many people get mixed up.   One of my pet peeves is a phrase you might see often on websites, â€Å"Signup Here† or â€Å"Sign-Up Here.†Ã‚   â€Å"Sign up† (TWO words) is a PHRASAL VERB like â€Å"work out† and â€Å"check out.†Ã‚   â€Å"Sign-up† or â€Å"Signup† is the noun for the act of signing up.   E.g., â€Å"The sign-up table is down the hall to your right.† Other examples of PHRASAL VERBS are: Break out (noun:   breakout) Stand out (adjective:   standout) Take off (noun:   takeoff or take-off) Make up (noun:   make-up) Count down (noun:   countdown) Break down (noun:   breakdown) Group on (noun:   Groupon) – Just Kidding!!! Foul up (noun:   foul-up) – Get where I’m going here? Dear readers, here’s the point:   Just because there is a word in existence that glues the two parts of a phrasal verb together does NOT mean that you can glue those two words together and have the result still be a verb!   If you want to use a verb plus a preposition (up, down, on, off, etc.) as a verb, keep a space between the two parts of the verb.   Do NOT stick them together or you will end up with a noun or possibly an adjective.   You can do better than those Hilton editors, can’t you? If you have questions or more examples of phrasal verbs that people tend to get confused with their corresponding adjective or noun phrase, please share below! Category:Grammar Writing TipsBy Brenda BernsteinJuly 18, 2011 3 Comments The Essay Expert says: July 22, 2011 at 5:30 pm Thanks for the list Dawna! I dont think Ive ever seen shoot out used as a phrasal verb (of course shoot-out is a noun). What does it mean to shoot out (unless youre a plant)? And is there a word eatout or eat-out? I wonder if people get this one wrong. Log in and Log out are a couple that came onto my radar in the last couple of days! Log in to Reply Penelope J. says: July 31, 2011 at 1:58 pm Enjoyed these examples. Dont have time to compile a set of my peeves. I know they are everywhere, but a Hilton Garden Hotel should not have a glaring grammatical error in their pamphlet. Hope you pointed it out to them or sent them a link to this blog post. Log in to Reply The Essay Expert says: July 31, 2011 at 3:15 pm Thanks Penelope! I did send them a trackback. Maybe I should send the link to Corporate too 🙂 Think theyll offer me a job? Log in to Reply

February Revolution Essay Example | Topics and Well Written Essays - 1000 words

February Revolution - Essay Example 1917 saw two distinct Revolutions in Russia: the overthrow of the tsarist regime (February Revolution) and the coup by which the Bolsheviks took power (October Revolution). The causes of these two revolutions encompass Russia's political, social, and economic situation. Politically, the people of Russia resented the autocracy of Tsar Nicholas II. The losses that the Russians suffered during World War I further weakened Russia's view of Nicholas II (Lynch, 2000). Socially, tsarist Russia stood well behind the rest of Europe in its industry and farming, resulting in few opportunities for fair advancement on the part of peasants and industrial workers. Economically, widespread inflation in Russia contributed to the revolution. Nicholas himself helped propel instability into revolution in 1905 by the disastrous foreign policy he pursued in East Asia. Determined that Russia should not be left out in the scramble for colonial possessions, Nicholas embarked on an expansionist policy in Manchuria and Korea that led to war with Japan in 1904 (see Russo-Japanese War). Russia's defeat by Japan ruined the monarchy's prestige and led to the development of an opposition movement that for a time included almost all sectors of Russian society. In January 1905, in an event that became known as Bloody Sunday, unarmed crowds demanding radical constitutional and social reforms were shot down by the army near the emperor's palace in Saint Petersburg (see Russian Revolution of 1905). In the wake of this event, riots and demonstrations broke out throughout the country. Workers went on strike, soldiers mutinied, peasants attacked landlords, and students and members of the middle class demanded constitutional government and so cial reform. To appease opposition moderates and regain support for the regime, Nicholas was forced to promise a constitution in October 1905. Although he retained control over the executive branch and extensive legislative powers, wide-ranging civil rights, including freedom of speech and assembly, were promised, and an elected legislative assembly, the Duma, was created. But when the first two Dumas demanded parliamentary control over the government and the expropriation of noble land, Nicholas supported a drastic and unconstitutional limitation of the electoral law in June 1907. This allowed him to achieve a Duma with very few members of left-wing parties, which were the groups demanding the most radical reforms. Nicholas found it much easier to collaborate with the landowner-dominated Third and Fourth Dumas. Important military, educational, social insurance and, above all, agrarian reforms were enacted. Up to this time, peasant households had been allotted strips of land, but the land was collectively owned by village communes (Lynch, 2000). Under land reforms advanced by Prime Minister Stolypin, the peasants were allowed to claim ownership of their land and leave the communes. As in the previous decade, economic growth was spectacular. Class conflict in the towns remained acute, however, and the immediate result of Stolypin's agrarian reforms was, if anything, to increase the radicalism of most of the peasantry and their determination to seize all noble land if given the chance. The

Services problem of Samsung (White paper) Essay

Services problem of Samsung (White paper) - Essay Example One of the critical areas is customer service, and Samsung suffers an epic service problem. In order to correct this problem, a PRS program needs to be implemented. It is cost effective and will spare the company revenue which will have been lost by disgruntled customers. Brand 2 is an international customer relation consultant with an access to the best minds in the service providers. It has a long history and a wide range of customer relations programs and successes in the media industry. Samsung does not require bad publicity in a highly competitive world. Bad publicity tends to scare aware prospective investors and potential customers. Brand 2 can change that and ensure that not only satisfied customers, but also an efficient service team that responds, connects and performs to its level best. This problem is underscored. Samsung customer service ranks no 465 out of the 747 companies that have a Customer Service Scoreboard rating. According to the survey of 1,771 customers of Samsung, there are 1,692 negative comments. This is an overall score of 29.97 out of a possible 200 based upon 1831 ratings. The score rates Samsung customer service and customer support as inadequate. With the highly competitive nature of the technology industry this might be the waterloo of Samsung. Most customers complained of the staff rudeness and dishonesty. The negative comments keep repeating themselves. This is not only a ticking time bomb but a disaster as far as public relation is concerned. For a company of Samsung nature this certainly something that needs urgent attention. The general nature of mankind is to promote negativity; in as far as customer relation is concerned, this poses a major risk. Negative news sells. (KS consulting limited) Unhappy customers spread the word! Depending on the industry this can even be worse. Today, the dangers of negative word-of-mouth are copious;