Marketing Mix Analysis of iPad Essay

Official Summary Overseeing and creating showcasing blend properly is critical to firm’s promoting and achievement. So as to advertising item effectively, the correct item should be shown to opportune individuals at the ideal spot, right cost and ideal time. On the off chance that a firm can deal with the advertising blend effectively, accordingly, it tends to be a wellspring of upper hand for firms. Every component of the advertising blend ought to be broke down and if vital, adjusted to guarantee that the correct equalization is accomplished to give the item or administration the absolute best possibility of achievement in the commercial center. Macintosh is a fruitful organization and its past item iPod has a high piece of the pie in the worldwide market because of its image recognition and picture as s great imaginative brand. In 2010, Apple propelled an inventive item †â€Å"iPad† in US, which is a tablet PC with contact screen. Indeed, even in the principal propelling date iPad had been sold 0.3 million units. The item no uncertainty is getting backing of Apple’s brand picture and it has changed the best approach to buyer way of life. That is the reason iPad is thought as a progressive who will excite a wave to electronic industry. Apple’s iPad conveyed the incentive to the client by means of promoting blend devices called the 4Ps: * Product looks great and functions admirably. * Right cost. * Right spot at the perfect time. * Successful advancement serves to a bigger yield. Apple followed this by development and presenting new items in the market to fulfill consumer’s needs and needs. The current creator here will utilize the hypotheses, ideas of promoting blend to investigation the iPad. The rest of this exposition is organized into five sections. It starts by characterizing promoting blend and its development. Second, it investigate the organization, iPad, its rival and buyer. Third, it lights up the promoting blend by investigating iPad. At last it closes with the general evaluation and end. Substance 1.Introduction and Definition3 1.1Definition of Marketing3 1.2Definition of Customer Value and Value Proposition3 1.3Definition of Marketing Mix4 2.Description of Apple and iPad4 2.1Brief Introduction of Apple4 2.2Introduction of iPad5 2.3Brief Consumer Profile6 2.4Brief Competitor Profile7 3.Marketing Mix Analysis of iPad7 3.1Product7 3.2Price10 3.3Place12 3.4Promotion14 4.Assessment of Overall Value Delivered16 5.Conclusion16 6.References18 1. Presentation and Definition 2.1 Definition of Marketing â€Å"Marketing is the procedure by which people and gatherings acquire what they need and need through making and trading items and incentive with others and fashioning associations with customers.† (Philip Kotler, Gary Armstrong, 2009). This definition perceives the significance of making a drawn out relationship with clients and recognizes the significance of fulfilling client needs. 2.2 Definition of Customer Value and Value Proposition Customer esteem is the contrast between the qualities that the client gains from possessing and utilizing an item and the expenses of acquiring the item. Set it forth plainly, client esteem is made when the view of advantages got from an exchange surpass the expenses of possession. A similar thought can be communicated as a proportion (Chiristopher, 1996): Customer esteem = Perceptions of advantages The meaning of client offer is an all around characterized and enticing promoting proclamation identified with a particular item or administration that subtleties the reasons why a buyer would profit by buying it. An incentive is the meaning of a firm’s guarantee to make and convey client esteem (Chapelet and Tovstiga, 1998). Fig 1.2.1 A model of significant worth creation and the showcasing procedure source: Adapted from Kotler Brown Burton Deans Armstrong, (2010), â€Å"Marketing† eighth Edition Figure 1.2.1 shows a run of the mill model of significant worth creation and the promoting procedure. Put it straightforward, advertising is a procedure cycle which comprises of 5 basic strides as underneath: I. Client purchases or potential client is reached to comprehend the commercial center. ii. Discovering how the client loved the item or what is required. iii. Examining these information and making an arrangement that incorporates objectives, methodology and its showcasing blend. iv. Execute the arrangement that conveys an incentive to client which results in the customer’s purchasing the item and making client charm. v. Rehashing the cycle beginning with step (I) to step (iv) to improve an item sold with a superior arrangement and persistently propping this cycle up. Henceforth, make benefits and client value. 2.3 Definition of Marketing Mix The idea of the Marketing Mix was first made by Neil H. Borden in his article called â€Å"The idea of the Marketing Mix† in 1964. In his article he clarified the significance of a market to attempt to â€Å"mix ingredients† in their procedure in the market so as to be fruitful. E. Jerome McCarthy later gathered these fixings into the four classes that are known as the 4P’s of showcasing (Product, Price, Place and Promotion). Item †What does the client need from the item/administration? Cost †What is the estimation of the item or administration to the purchaser? Spot †Where do purchasers search for the item or administration? Advancement †Where and when can get over the advertising messages to target advertise? 2. Portrayal of Apple and iPad 3.4 Brief Introduction of Apple Apple Inc., established in 1976, is an American global enterprise which is most popular for its equipment and programming items. The equipment items are: Macintosh, iPod, iPhone and iPad. One case of the celebrated programming of Apple is iTunes, a restrictive media player application that works with iTunes store and permits clients to download music and offers different highlights of shopper gadgets. Fortune magazine named Apple as the most respected organization in the US in 2008, and on the planet from 2008 to 2012. 3.5 Introduction of iPad On January 27, 2010, Apple presented the eagerly awaited media tablet, the iPad (As appeared in Fig2.2.1). Fig 2.2.1 Introduction of iPad (source: www.apple.com) The iPad measure 9.7 inch wide screen show with multi contact screen with 1024 x 768 goals which is lighter and more slender than some other journals or workstations. Its interior 25 watt-hour battery can approach 10 hours of video, 140 hours of sound playback and one month on backup as Apple claims. Steve Jobs expressed that, with the presentation of the iPad, Apple had opened a business opportunity for another class of cell phones. (As appeared in Fig 2.2.2) Fig2.2.2 Apple iPad First Hands-on (source: http://www.ipadforums.net) 3.6 Brief Consumer Profile Buyer market can be characterized as â€Å"all the people and families who purchase or procure products and enterprises for individual consumption† and customer purchasing conduct can be characterized as â€Å"the purchasing conduct of definite buyers, people and family units who purchase merchandise and ventures for individual consumption† (Kotler, 2009). Table 2.3.1 shows the investigation of market division for iPad. Division BASE| SELECTEDSEGMENTATION VARIABLES| Geographic Segmentation| Region| West Malaysia, east Malaysia| City size| Major metropolitan zones, cities| Thickness of area| Urban| Climate| Hot, damp, rainy| Segment Segmentation| Age| 18-34, 35-49, 50-64| Sex| Male, female| Hitched status| Single, wedded, separated, living together| Income| RM40,000 and over| Education| College, college alumni, postgraduate| Occupation| Professional, white-collar| Psychological| Needs| Sense of self-esteem, fashionable| Personality| Extroverts, curiosity searcher, aggressives| Perception| Low-risk| Learning-involvement| High-involvement| Attitudes| Possitive attitude| Psychographic| Lifestyle| Couch-potatoes, open air lovers, status-seekers| Cultures| Malay, Chinese, Indian, and other foreigners| Religion| Muslim, buddhism, hinduism, christian, catholic, and others| Social| Middle, upper| Family| Bachelors, youthful wedded, full nesters, void nesters| Use-Rated Segmentation| Utilization rate| Heavy clients, medium users| Mindfulness status| Aware, intrigued, enthusiastic| Brand loyalty| Strong| Use-Situation Segmentation| Time| Leisure, work, morning, night| Objective| Personal, fun, achievement| Location| Home, work, uber shopping center, restaurant| Person| Self, relatives, companions, peers| Advantage Segmentation| Convenience, social acknowledgment, simple digital book perusing, esteem for-the-cash, service| Table 2.3.1 Market division for iPad From investigation above can see that the greater part of Apple’s clients are top of the line customers who have the solid buying power, effectively acknowledge new innovation and they are extremely faithful to Apple. 3.7 Brief Competitor Profile Mac iPad carry dangers and effect on PC industry here and there. On one hand, the hot-sell of iPad pulls in numerous PC makers set foot in this field. So the other tablet PCs will be the greatest contender, for example, Blackberry’s playbook, this is a tablet PC which situated in representative, and it will likewise pull in public’s eyes as a result of its tremendous mixed media work. Then again, the value favorable position of netbook is additionally a test to iPad. After totally contrasted and conventional PC, iPad may not a need. To some business and expert individuals, they will pick the conventional note pad as opposed to iPad. 3. Promoting Mix Analysis of iPad As indicated by the data that look from magazines and web, the creator knows numerous data of iPad. The creator here will utilize the hypotheses, ideas of promoting blend to examination the iPad. 4.8 Product â€Å"Product implies the merchandise and-enterprises mix the organization offers to the objective market. â€Å" (Philip Kotler, Gary Armstrong, 2009). The iPad overcomes any issues between PDA and PC, it offers proportional scope of highlights and capacities that a PC does. It has interne

Globalisation Book Review Essay

The world economy is getting progressively worldwide in its configuration. Individuals will be unable to understand the right profundity of this globalization pattern and the complexities it makes for the state. Universal organizations hugy affect our day by day lives. Directly from morning till night we are prone to utilize assortment of merchandise and ventures made by various nations of the world. The globalization pattern began after World War II. U. S. economy turned into the most grounded economy around then and U. S made their strength worldwide in practically all significant businesses. Organizations had to construct new plants and different offices, and residents went to their work as a wellspring of financial security. Bit by bit the economy created and every nation built up an upper hand in those conditions. With the progression of time those favorable circumstances are being misused to their most extreme. Condition OF Globalization Environment alludes to the totality of the considerable number of variables which are outside to and outside the ability to control of individual worldwide business ventures. Condition outfits the full scale setting, the business firm is the smaller scale unit. The natural elements are basically the givens inside which firms and their administrations must work. The worth arrangement of society, the standards and guidelines set somewhere around the Government, the money related strategies of the national bank, the institutional set-up of the nation, the ideological convictions of the pioneers, the mentality towards outside capital and endeavor, and so on , all comprise nature framework inside which a worldwide firms work. These ecological variables are numerous in numbers and different in structure. A portion of these elements are absolutely static, some are generally static and some are dynamic †they are changing once in a while. A portion of these variables can be conceptualized and measured, while others can be just alluded to in subjective terms. The natural factors by and large change from nation to nation. The condition that is normal of Germany may not be found in different nations like the USA, the UK, and Japan. There might be a few factors in like manner, yet the request and force of the ecological elements do contrast between countries. The greatness and course of ecological elements vary over areas inside a nation, and over territories inside a district. The earth contrasts over space as well as after some time from nation to nation. We can discuss fleeting examples of condition, I. e. , past, present and future condition. Here and there the earth might be characterized into showcase condition and non-advertise condition contingent on whether a worldwide firm’s condition is affected by advertise powers like interest, flexibly, number of different firms and the subsequent value rivalry, or non-value rivalry, and so on. , or by non-advertise powers like Government laws, social conventions, and so on. Further, we may characterize nature into financial and non-monetary. Non-monetary condition alludes to social, political, legitimate, instructive and social factors that influence state working. Financial condition, then again, is given shape and structure by factors like the monetary arrangement, the money related approach, the modern strategy goals, physical cutoff points on yield, the cost and salary inclines, the nature of the financial framework at work, the beat of financial turn of events, the national monetary arrangement, and so forth. The non-monetary condition has financial ramifications similarly as the monetary condition may have non-monetary ramifications. Since the earth is the entirety of the history, geology, culture, human science, governmental issues and financial aspects of a country, the collaboration among monetary and non-financial powers will undoubtedly occur influencing the general public working. ECONOMIC& FINANCIAL FACTORS Analysis of the business condition in any economy, we may inspect the fundamental recommendations as: 1. Business is a monetary action. 2. A business firm is a monetary unit. 3. Business dynamic is a financial procedure. These suggestions might be inspected independently or mutually to legitimize the investigation of the financial condition of worldwide business. Business is a monetary movement A financial action includes the undertaking of altering the assets to the objectives, or the objectives to the assets. A monetary movement may expect various structures, for example, utilization, creation, conveyance, and trade. The idea of business varies, contingent on the type of monetary movement being embraced and composed. The producer is principally worried about creation; the stock trade business is for the most part worried about the purchasing and selling of offers and debentures; the matter of Government is to run the organization. The Government may likewise possess, control and oversee endeavors. These models can be effectively increased. The fact of the matter is that every business has an objective to accomplish, and for this reason every business has a few assets available to its. At times the objective must be coordinated with the given assets, and here and there the assets must be coordinated with the given objective. In any case, the undertaking of business is to upgrade the result of financial exercises. A business undertaking is a financial unit A business firm is basically a change unit. It changes contributions to yields of products or administrations, or a mix of both. The idea of information necessities and the kind of yield streams are controlled by the size, structure, area and effectiveness of the business firm viable. Business firms might be of various sizes and structures. They may embrace various kinds of exercises, for example, mining, fabricate, cultivating, exchanging, transport, banking, and so on. The inspirational target fundamental every one of these exercises is the equivalent viz. , benefit expansion over the long haul. Benefit is basically an overflow esteem †the estimation of yields in abundance of the estimations of information sources or the excess of income over the expense. A business firm embraces the transformational procedure to produce this excess worth. The firm can become further if the overflow esteem is profitably contributed. The firm, accordingly, cautiously designs the ideal assignment of assets (I. e. , men, cash, materials, machines, time, vitality, and so forth. ) to get ideal creation. The whole procedure of making, preparation and usage of the overflow establishes the financial action of the business firm, Business dynamic is a monetary procedure Decision-production includes settling on a decision from a lot of elective approaches. Decision is at the foundation of all financial movement. The topic of decision and assessment emerges in view of the overall shortage of assets. On the off chance that the assets had not been rare, a boundless measure of closures could have been met. However, the circumstance of asset requirement is genuine. A business firm considers the ideal distribution of assets since assets are constrained in flexibly and most assets have elective employments. The firm, in this manner, means to get the best out of given assets or to limit the utilization of assets for accomplishing a particular objective. At the end of the day, when info is the obliging component, the firm’s choice variable is the yield. Furthermore, when yield is the obliging component, the firm’s choice variable is the information. Whatever might be the choice variable, obtainment or creation, conveyance or deal, info or yield, dynamic is perpetually the way toward choosing the best accessible other option. That is the thing that makes it a financial interest. Since business is a monetary movement, a business firm a financial unit, and business dynamic a monetary procedure, it is the financial matters condition of business which is the essential thought in assessing the business approaches, business techniques and business strategies of a corporate element in any worldwide economy.

You should live in EAsT camPUS

You should live in EAsT camPUS What sets MITs East Campus apart from other dorms of the college type? 1. You can learn how to cook. What better way to learn how than to live in a place where you can have a big, awesome kitchen with personal cupboards for everyone? 2. Cats are allowed! Yay. Other critters have been known to make a home out of EC as well.. 3. Residents live in doubles or singles. Does not count cats. No quads or triples here unless you really want to. :) 4. Were not afraid to put our engineering skills to the test. With ourselves often playing the test subjects. 5. We dont post everything we do to YouTube. Were kinda too cool for that. But we also have a cute little gallery which you can visit by clicking here. 6. A hall has no kinks or turns. No wavy or winding paths here. Mostly this means you can look down the entire length of your hall and see EVERYTHING.. 7. Youll share a bathroom. Its no big deal, theyre always well maintained, and you can even knock first if youre so inclined. 8. You can leave your mark. With pens, markers, paint and such. Post Tagged #East Campus

Biography of Charles Wheatstone, British Inventor

Charles Wheatstone (February 6, 1802–October 19, 1875) was an English natural philosopher and inventor, perhaps best known today for his contributions to the electric telegraph. However, he invented and contributed in several fields of science, including photography, electrical generators, encryption, acoustics, and musical instruments and theory. Fast Facts: Charles Wheatstone Known For: Physics experiments and patents applying to sight and sound, including the electric telegraph, the concertina, and the stereoscopeBorn:  February 6, 1802 at Barnwood, near Gloucester, EnglandParents: William and Beata Bubb WheatstoneDied: October 19, 1875 in Paris, FranceEducation: No formal science education, but excelled in French, math, and physics at  Kensington and Vere Street schools, and took an apprenticeship in his uncles music factoryAwards and Honors: Professor of Experimental Philosophy at Kings College, Fellow of the Royal Society in 1837, knighted by Queen Victoria in 1868Spouse: Emma WestChildren: Charles Pablo, Arthur William Fredrick, Florence Caroline, Catherine Ada, Angela Early Life Charles Wheatstone was born on February 6, 1802, near Gloucester, England. He was the second child born to William (1775–1824) and Beata Bubb Wheatstone, members of a music business family established on the Strand in London at least as early as 1791, and perhaps as early as 1750. William and Beata and their family moved to London in 1806, where William set up shop as a flute teacher and maker; his elder brother Charles Sr. was head of the family business, manufacturing and selling musical instruments. Charles learned to read at age 4 and was sent to school early at the Kensington Proprietary Grammar School and Vere Street Board School in Westminster, where he excelled in French, math, and physics. In 1816, he was apprenticed to his Uncle Charles, but by the age of 15, his uncle complained that he was neglecting his work at the shop to read, write, publish songs, and pursue an interest in electricity and acoustics. In 1818, Charles produced his first known musical instrument, the flute harmonique, which was a keyed instrument. No examples have survived. Early Inventions and Academics In September 1821, Charles Wheatstone exhibited his Enchanted Lyre or Acoucryptophone  at a gallery in a music store, a musical instrument that appeared to play itself to amazed shoppers. The Enchanted Lyre was not a real instrument, but rather a sounding box disguised as a  lyre  that hung from the ceiling by a thin steel wire. The wire was connected to the soundboards of a piano, harp, or dulcimer played in an upper room, and as those instruments were played, the sound was conducted down the wire, setting off sympathetic resonance of the lyres strings. Wheatstone speculated publicly that at some time in the future, music might be transmitted in a similar manner throughout London laid on like gas. In 1823 acclaimed Danish scientist Hans Christian Ãâ€"rsted (1777–1851) saw the Enchanted Lyre and convinced Wheatstone to write his first scientific article, New Experiments in Sound. Ãâ€"rsted presented the paper to the Acadà ©mie Royale des Sciences in Paris, and it was eventually published in Great Britain in Thomsons Annals of Philosophy. Wheatstone began his association with the Royal Institution of Great Britain (also known as the Royal Institute, founded in 1799) in the mid-1820s, writing papers to be presented by close friend and RI member Michael Faraday (1791–1869) because he was too shy to do it himself.   Early Inventions Wheatstone had a wide-ranging interest in sound and vision and contributed many inventions and improvements on existing inventions while he was active. His first patent (#5803) was for a Construction of Wind Instruments on June 19, 1829, describing the use of a flexible bellows. From there, Wheatstone developed the concertina, a bellows-driven, free-reed instrument in which each button produces the same pitch regardless of the way the bellows are moving. The patent was not published until 1844, but Faraday gave a Wheatstone-written lecture demonstrating the instrument to the Royal Institute in 1830. Academics and Professional Life Despite his lack of a formal education in science, in 1834 Wheatstone was made a Professor of Experimental Philosophy at Kings College, London, where he conducted pioneering experiments in electricity and invented an improved dynamo. He also invented two devices to measure and regulate electrical resistance and current: the Rheostat and an improved version of what is now known as the Wheatstone bridge (it was actually invented by Samuel Hunter Christie  in 1833). He held the position at Kings College for the remainder of his life, although he continued working in the family business for another 13 years. In 1837, Charles Wheatstone partnered with inventor and entrepreneur William Cooke to co-invent an electric telegraph, a now-outdated communication system that transmitted electric signals over wires from location to location, signals that could be translated into a message. The Wheatstone-Cooke or needle telegraph was the first working communication system of its kind in Great Britain, and it was put into operation on the London and Blackwall Railway. Wheatstone was elected a Fellow of the Royal Society (FRS) that same year. Wheatstone invented an early version of the stereoscope in 1838, versions of which became a very popular philosophical toy in the later 19th century. Wheatstones stereoscope used two slightly different versions of the same image, which when viewed through two separate tubes gave the viewer the optical illusion of depth. Throughout his professional life, Wheatstone invented both philosophical toys and scientific instruments, exercising his interests in linguistics, optics, cryptography (the Playfair Cipher), typewriters, and clocks—one of his inventions was the Polar Clock, which told time by polarized light. Marriage and Family On February 12, 1847, Charles Wheatstone married Emma West, the daughter of a local tradesman, and they eventually had five children. That year he also stopped working in a significant way at the family business to concentrate on his academic research. His wife died in 1866, at which point his youngest daughter Angela was 11 years old. Wheatstone gleaned a number of important awards and honors throughout his career. He was elected to the Royal Swedish Academy of Sciences in 1859, made a Foreign Associate of the French Academy of Sciences in 1873, and became an honorary member of the Institution of Civil Engineers in 1875. He was knighted by Queen Victoria in 1868. He was named a Doctor of Civil Law (DCL) at Oxford and a doctor of law (LLD) at Cambridge. Death and Legacy Charles Wheatstone was one of the most inventive geniuses of his generation, combining combined science-based publication with business-focused patent applications and serious research with a playful interest in philosophical toys and inventions. He died of bronchitis on October 19, 1875, in Paris while he was working on yet another new invention, this one for submarine cables. He is buried in Kensal Green Cemetery near his home in London. Sources Bowers, Brian. Sir Charles Wheatstone, F.R.S. 1802–1875. London: Her Majestys Stationery Office, 1975Anonymous. Wheatstone Collection. Special Collections. Kings College London, March 27, 2018. Web. Rycroft, David. The Wheatstones. The Galpin Society Journal 45 (1992): 123–30. Print.Wade, Nicholas J. Charles Wheatstone (1802–1875). Perception 31.3 (2002): 265–72. Print.Wayne, Neil. The Wheatstone English Concertina. The Galpin Society Journal 44 (1991): 117–49. Print.

`` Apple Removes All American Civil War Games From The App...

The Right to be Offended The term politically correct first appeared in the 1960’s and from then it has evolved far beyond its originally purposes. In his article â€Å"Apple Removes All American Civil War Games From the App Store Because of the Confederate Flag†, Tasos Lazarides informs people about Apple’s decision to remove the imagery of the Confederate Battle Flag the author does not take a strong position in the argument. He uses the article more for informational purposes, as opposed to using the article for an argument. Recently there has been uproar over the use of the Confederate Battle Flag. People find it offensive and therefore, it is being taken down everywhere. The flag is historical and does carry connotations; however, that is†¦show more content†¦In the past few years, during the holiday season, â€Å"happy holidays† can be heard instead of the traditional â€Å"merry Christmas.† This is because some people find the term m erry Christmas offensive. As a result, the use of the term is frowned upon, unless it is within a religious setting. This is an example of political correctness encroaching on people’s first amendment rights. Even though it is still legal to say merry Christmas there is an aura of judgement that goes along with it. Over time it seems like the ban upon any speech that anyone finds offensive will be implemented. Not so fast, according to the USA today there is a resistance to outlandish political correctness. People seem to be bothered by the disingenuous salutation â€Å"happy holidays†: Ninety-five percent insist they are not offended by being greeted with a Merry Christmas while shopping, but greet them with a Happy Holidays, and 46% claim to take offense.† (‘Merry Christmas’ Is Favored Greeting). In the past it has not been completely appropriate for people to use â€Å"merry Christmas†; however, now it appears that people find it better fo r a few to be slightly offended than for traditions to be broken. People’s resistance to political correctness protects their first amendment rights and continues American traditions. Political

Legal, professional and ethical issues relating to patients Free Essays

string(125) " that ranks high at every level of care is the capacity for the patient to remain safe while receiving care \(Leape, 2005\)\." Abstract The role of professionalism, ethics and the law has a direct impact on the experience of a patient in the modern world. This essay examines several facets that impact the patient and play a factor in the level of care provided. The data provided illustrates the integrated nature of the three aspects as well as demonstrating the benefit of ethical action. We will write a custom essay sample on Legal, professional and ethical issues relating to patients or any similar topic only for you Order Now This essay will be of use to any researcher identifying patient rights. 1 Introduction The legal, professional and ethical issues surrounding patients have long been a matter of debate (Baylis, 2010). This essay assesses the state of expectations that surrounds each of these areas in an effort to identify specific elements that provide clarity. Beginning with a base background this evaluation will define each element in order to create a foundation for continued study. Next will be a critical appraisal of the ethical, legal and professional issues that have an impact on a patient seeking assistance. A combination of the elements of this essay will create the capacity to illustrate the strengths and detriments commonly associated with being a patient in the modern system. In the end, this essay examines past policy, modern practice and future potential in an effort to establish a better understanding of the professional, legal and ethical issues that influence and impact patients. 2 Patient Issues 2.1 Background The moment that a consensual relationship has been established between doctor and patient there are critical legal, ethical and professional duties that are required on the part of the professional and expected on the part of the patient (Purtilo, Haddad and Doherty, 2014). A working relationship is enacted when a patient knowingly seeks out a health provider in order to address issues, and is cemented when the provider accepts the patient. After this point the physician and patient role becomes increasingly complex as issues must be continually assessed (Baylis, 2010). The role of patient rights and a physician or administrator duties are subject to change depending on the culture, region or nation that the person resides in (Baylis, 2010). With a distinct view to societal influence the legal and cultural definition of rights and responsibilities will vary. Others contend that a patient’s rights should be universal regardless of the place of residence or status (Corey, Corey and Callahan, 2014). A standardization of policy would reduce many issues that often plaque both patients and management (Corey et al, 2014). A demonstration of the effort to amend the build progress rests in the Declaration of Helsinki that served to lay out a set of ethical guidelines that have come to be highly regarded as a form of basic infrastructure (Purtilo et al, 2014). In an effort to address many of the legal, professional and ethical issues that surround the care of patients nations such as the United States have enacted a patient’s bill of rights with the express purpose of protecting and clarifying the role and duties of the health care system (Purtilo et al , 2014). These protections and guarantees create a form of reassurance that many find necessary in order to depend on the modern medical system. Hafferty and Franks (1994) conversely argue that a standardization of legal and professional behaviours will limit the capacity of the staff to respond to the patient’s needs. This argument further illustrates with the increase attention to teaching and adherence to an ethical standard much ability to move forward and progress in the practical world is lost (Hafferty et al 1994). However, the increase in ethical teaching over the course of the past decade has illustrated a benefit to making ethically and morally based business patient decisions (Kraus, Stricker and Speyer, 2011). With sensitive issues commonly addressed in a as regards the patients, an understanding and compassionate assessment and care pattern enhances the entire experience. Common elements of a patient’s rights platform will include a right to make independent medical decisions fully informed by responsible authority (Kraus et al, 2011). A patient form consent is a highly sought after protection this area (Kraus et al, 2011). With a clear need to provide a balanced opportunity for treatment, yet allow the provider latitude to accomplish what is necessary there is a delicate adjustment that must be maintained. There is a clear and abiding need to include patient autonomy in any form of care (Kraus et al, 2011). Many in the health care industry have opposed a formalized standard for patient care as an unnecessary burden that would only increase the paperwork and fundamental cost (Stirrat, Johnston, Gillon and Boyd, 2009). In the industry itself, the providers often cite the element of private competition as adequate to continually spur on high standards of patient care. The opposite argument states that patient care has been seen to be lax in envir onments that do not have adequate oversight to ensure compliance (Ellershaw and Wilkinson, 2003). Occasionally a patient’s care has been diminished by the lax form of care instituted by the institution (Ellershaw et al, 2003). Others point to the continued high standards that are a model of the high end private market as an example of what a positive free market patient care policy should embody (Stirrat et al, 2009). However most utilize the deontological tool to assess and evaluate the benefits of any one care process (Stirrat et al, 2009). Much like the Morally, the ethical position of a professional caregiver dictates a well-rounded and considered implementation of care that provides a solution to the patient’s on-going issues (Nettina, 2013). The position of non-maleficence, or, ‘first do no harm’, illustrates the proper role of the provider (Nettina, 2013). Further, this form of care creates a perception of beneficence that provides much of the moral standing for care providers (Nettina, 2013). A legal obligation may prevent the caregiver from doing what may be an ethically right act (Ellershaw et al, 2003). This combination of considerations comprises the full range of professional liability that patients are linked to. 2.2 Ethical Issues An ethical issue that ranks high at every level of care is the capacity for the patient to remain safe while receiving care (Leape, 2005). You read "Legal, professional and ethical issues relating to patients" in category "Essay examples" There is an ethical necessity for the caregiver to do all that is necessary to prevent injury to their patients (Leape, 2005). This broad umbrella of safety expectations has led to an over expectation of comfort and quality of care, which in turn diminishes the perception of care (Hafferty et al, 1994). If in the process of ensuring patients safety something goes wrong, it becomes the ethical responsibility of care giver to identify new method to respond to similar cases (Leape, 2005). Others illustrate the high cost that can quickly be generated from investing resources haphazardly in an attempt to anticipate each and ethical issue (Ellershaw et al, 2003). All care providers have an ethical responsibility to take responsibility for mistakes made that impact their patients in any manner (Leape, 2005). The all too common effort to avoid or shift blame away, in order to preserve other clients must not be a consideration during the implementation of ethical patient’s considerations. The full scope of an issue may not be apparent immediately, dictating a delay in admitting fault (Stirrat et al, 2013). This argument is clearly illustrated in the complex issues surrounding ethical considerations in the field of mental health care for patients (Kraus et al, 2011). Ethically, mentally ill patients should be given the exact same rights and comforts that any other patient would receive (Kraus et al, 2011). Influences that include safety and behavior often have impact on the manner in which care is given (Stirrat et al, 2013). In some situations the question of care comes down to the decision of the provider and their unique approach to the illness. A common ethical dilemma that can lead to other professional and legal issues rests in the question of when to medicate and when to refrain from medication (Nettina, 2013). With a patient’s rights indicating that the best possible method be utilized, is this to be found in the reduction of pain or the allowance of pain in order to treat the larger issueThe ethical and moral questions must be continually addressed by both the patient and the provider in order to arrive at the best fundamental answer (Corey et al, 2014). The converse argument states that the professional knows best and should the person making the crucial decisions (Hafferty et al, 1994). 2.3 Legal Issues There are a wide range of legal issues that make providing care for a patient a complex experience (Nettina, 2013). A patient must consider each element of their care in order to ensure that the appropriate services have been rendered. Nettina (2013) identifies the primary sources of legal risk in the nurse’s profession as patient care, procedures performed and the associated quality of documentation. This implies that at any one point a mistake in care may be interpreted as a legal lapse making the provider liable (Nettina, 2013). In order to minimize the exposure to legal and financial process, instruments including risk management systems and the implementation of devices designed to anticipate and reduce the risk of injury for patients (Nettina, 2013). The converse position argue that the financial expense of keeping up with the latest developments in science has a direct adverse impact on the manner in which a small provider can find it difficult to sustain operations (Co rey, 2014). In many nations including the United States and the United Kingdom, the fact that it is illegal to discriminate against a patient based on gender, nationality, religion or any reason allows for every person to find adequate care (Richardson and Storr, 2010). Others advocate for the application of health care after an assessment of insurance and payment abilities (Ellerwshaw et al, 2010). Potentially, those lacking an adequate source of funding for health care have received only marginal consideration, which in turn can quickly become not only an ethical and professional detriment but a legal issue that can diminish overall operations (Richardson et al, 2010). Yet, the provider can cite the case as bringing beyond their capacity and turn a patient away, thereby citing a legal reason to turn away patients (White and O’sullivan, 2012). Once treatment has commenced it is legally required to obtain consent of the patient prior to the performance of any treatment that may substantially impact the patient (Bayliss, 2012). This legal right ensures that a patient is informed before possible life altering decisions are made. In some cases a layman patient will not adequately understand the full issue at hand, and therefore the professional associated with the concern should make the call (Kraus et al, 2013). This position of decision making capacity again touches on the elements that are directly related to the ethical and professional policies and positions of the institution that is providing the patient with care. Further, once care has begun, the patient is assured of continuity of care as well as confidentially (Bayliss, 2012). This legal underpinning ensures that an incapacitated patient will not have to make critical decisions immediately or during the procedure. A primary method of protection for patients and overall control for care providers rests in the legal institution of mal practice (Jonsen, Siegler and Winslade, 2006). Others argue that the institution of mal practice ties the hands of care providers by putting too many hurdles in way of effective care (Hafferty et al, 1994). Still others advocate for a mitigated form of malpractice that addresses the needs of the patient without threatening the entire structure of the provider’s livelihood (Corey et al, 2014). In cases that a providers services can be proven to be less than what was expected by the patient or the institution, there is the opportunity for financial redress. In order to mal practice to be claimed, there must be an existing patient and provider relationship acknowledged on all sides (Jonsen et al, 2006). A patient is legally entitled to a referral to a better provider if the first practitioner is unable to meet their needs (Bayliss, 2013). This area touches on the ethical responsibly of the provider to assist the patient in any reasonable manner (Corey, 2014). Others cite the potential for litigation if the referral goes wrong and there are problems for the patient (Hafferty et al, 1994). A continued source of worry for the medical profession is the looming threat of court action over a mistake or oversight on their part (Bayliss, 2013). 2.4 Professional Issues The entirety of the expected behaviour of any patient related institution is required to exhibit professional and exemplary behaviour (Corey et al, 2014). This expectation is tempered by region, financial issues and the available of competent staff (Urden, Lough, Stacy and Thelan, 2006). Many contend that care for the patient should come before financial or regulatory concerns (Bayliss, 2012). Regional and national political regulations play a large part in the establishment of professional standards as regards the treatment of patients in several areas around the world (Corey et al, 2014). A Professional perception is made up of the ethical and legal considerations that are relevant to the position, again providing a firm indication of the integrated nature of the legal, ethical and professional aspect of patient care (Bayliss, 2012). The professional will not neglect the rights of the patient in the pursuit of their goals (Corey et al, 2014). This facet reflects the need for the professional to terminate the relationship at the correct time, for the proper reason. In many cases, some professionals will make a billing cycle longer for the simple reason of increased revenue with little effort (Corey et al, 2014). Others describe this approach as overly cautious and cite the need to be certain of the outcome for the patient before any change of status should be implemented (Bayliss, 2012). This same sense of professionalism is extended to the form of treatment that a patient has the right to expect, with the best choice, not the latest trend being the choice (Stirrat et al, 2013). The patient must be given every component of information in order to provide an informed consent. Anything less than full transparency on the part of the provider is an ethical, legal and professional blunder (Corey et al, 2014). 3 Conclusion This essay examines the role of the legal, ethical and professional actions as regards the expectations of the patient. With the evidence presented in this review, there is argument for many issues that touch on all three aspects. Lacking a universal patient’s bill of rights, the issues experienced by patients seeking assistance can vary widely according to region and financial ability. The data presented in the this essay indicates that while the ideal system advocates for a fair and equal patient experience, it is often those that have the financial support that have the best care. The evidence presented here provided support for the contention that ethical decisions will benefit the professional and legal standing of the patient provider. By ensuring a high standard of care, the provider is doing everything possible ethically and morally to address the concern. This effort diminishes the potential legal ramifications that centre on the mal practice and court process. The areas of ethics, professionalism and legality correspond to create a complex environment for a patient to navigate. This makes it necessary to ensure a high standard of professionalism within the ranks of the patient provider network. There must be a balance as there cannot be an effort to placate the patient that becomes adverse to the overall treatment. Much like any other industry there is a balance that must be maintained in the relationship between provider and patient in order for the best results to be experienced. The modern world has provided patients with new and diverse opportunities for care in nearly every nation around the world. With the areas of professionalism, legality and ethics playing a building role in the way services are provided, there must be a continual and considered approach to each policy in order to ensure the rights of everypatient. In the end it will be the combination of all three aspects that create the opportunity for progress. References Baylis, F. 2010. Health care ethics in Canada. Australia: Thomson Nelson. Corey, G. 2014. Issues and ethics in the helping professions. [S.l.]: Cengage Learning. Edwards, S. J., Braunholtz, D. A., Lilford, R. J. and Stevens, A. J. 1999. Ethical issues in the design and conduct of cluster randomised controlled trials. BMJ: British Medical Journal, 318 (7195), p. 1407. Ellershaw, J. and Wilkinson, S. 2003. Care of the dying. Oxford: Oxford University Press. Frost, D. W., Cook, D. J., Heyl and Fowler, R. A. 2011. Patient and healthcare professional factors influencing end-of-life decision-making during critical illness: A systematic review*.Critical care medicine, 39 (5), pp. 1174–1189. Hafferty, F. W. and Franks, R. 1994. The hidden curriculum, ethics teaching, and the structure of medical education. Academic Medicine, 69 (11), pp. 861–71. Jonsen, A. R., Siegler, M. and Winslade, W. J. 2006. Clinical ethics. New York: McGraw Hill, Medical Pub. Division. Kraus, R., Stricker, G. and Speyer, C. 2011. Online counseling. Amsterdam: Elsevier/Academic Press. Nettina, S. M. 2013. Lippincott manual of nursing practice. Philadelphia: Wolters Kluwer Health/Lippincott Williams Wilkins. Purtilo, R. B., Haddad, A. M. and Doherty, R. F. 2014. Health professional and patient interaction. St. Louis, Mo.: Elsevier/Saunders. Richardson, A. and Storr, J. 2010. Patient safety: a literative review on the impact of nursing empowerment, leadership and collaboration. International nursing review, 57 (1), pp. 12–21. Solomon, M. Z., O’donnell, L., Jennings, B., Guilfoy, V., Wolf, S. M., Nolan, K., Jackson, R., Koch-Weser, D. and Donnelley, S. 1993. Decisions near the end of life: professional views on life-sustaining treatments. American Journal of Public Health, 83 (1), pp. 14–23. Stirrat, G., Johnston, C., Gillon, R. and Boyd, K. 2010. Medical ethics and law for doctors of tomorrow: the 1998 Consensus Statement updated. Journal of Medical Ethics, 36 (1), pp. 55–60. Str, Cipolle, R. J., Morley, P. C. and Frakes, M. J. 2004. The impact of pharmaceutical care practice on the practitioner and the patient in the ambulatory practice setting: twenty-five years of experience. Current pharmaceutical design, 10 (31), pp. 3987–4001. Urden, L. D., Lough, M. E., Stacy, K. M. and Thelan, L. A. 2006. Thelan’s critical care nursing. St. Louis: Mosby. White, K. M. and O’sullivan, A. 2012. The essential guide to nursing practice. Silver Spring, MD: American Nurses Association. How to cite Legal, professional and ethical issues relating to patients, Essay examples

Physics of Springboard Diving free essay sample

What the hurdle does, is first to allow the diver to use the diving board as a slingshot, and second get as much energy as possible out of the slingshot. This is achieved when the diver takes the first leap into the air with his arms raised. When he comes back down on the board, his own mass falling onto the board will apply a certain force. An additional force is added as the arms swing down at the same time with a greater acceleration, applying more force. At the bottom of the diving boards oscillation, all of the now stored potential energy is released. The diver swings his arms upward and begins to release his pressure on the board. The board pushes the diver up and into the air with a huge force. This force now can be used by the diver not only to go up, but to rotate and therefore perform various dives. We will write a custom essay sample on Physics of Springboard Diving or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The Dives and Application To do a front dive a diver pushes his hips upward just slightly as he leaves the board. After he had begun to go up into the air, he throws his arms downward just enough to make is upper torso rotate around his hips. At the peak of the dive, the diver tightens his stomach muscles and pulls his legs up towards the sky, leaving his body in a perfect upside-down position to enter the water head-first. In order to perform a front dive with a somersault, it requires a full flip of the body and therefore it takes a quicker rotation to cover such an angular distance. The diver takes off from the diving board with the same hip motion and arm swing as for a forward dive, but throws the arms further and makes a smaller ball in the air. As is seen in the laws of rotational motion, the divers moment of inertia becomes smaller, but since momentum must be conserved in the system, the angular speed increases to compensate. It is important to note here that the reverse can be applied in order to stop the divers rotation to keep him from doing a belly-flop on the water. To stop his rotation, the diver increases his moment of inertia by straightening his body, conserving momentum again. When a diver goes to jump off of the board backwards, he begins by swinging his arms down with a deep knee bend. Just as in the hurdle, this presses the board down. When the diver lets the diving board recoil, he does two things at the same time: He swings his arms back up and jumps up. The board assists the diver just as in the hurdle and he has the ability to put this new energy to use. To do a back dive, the diver pushes his hips up as he leaves the board. Once airborne, he leans back and pulls his hips upward even more, generating just enough rotation to go into the water headfirst. To do a back dive with a somersault, the diver pulls his hips upward while leaving the board. As the rotation begins, he swings his arms around and grabs his knees to make himself smaller. Again, just as is accomplished with the front dive with a somersault, the moment of inertia is made smaller and the angular speed increases to make enough spin that is needed to complete the somersault. Reverse Dives You would think that there was a similar technique between performing a back dive and a reverse dive, which is true. A forward hurdle is applied before the dive, but when the diver leaves the board, he pushes his hips upward and leans back enough to create a backwards rotation and enter the water head first. Again, just like the back dive with a somersault, the same laws of physics allow for a diver to perform a reverse dive with one-and-a-half somersaults and enter the water headfirst. A smaller moment of inertia leads to a greater angular speed. Inward Dives Although the take-off for an inward dive is like that of a back dive, the techniques used in the air are exactly like those that are used to perform a front dive. Twisting Dives The front dive with one somersault and one twist can appear to be tricky, but it involves the same conservation of momentum as the other dives, only along two axis of rotation. When the diver takes off from the board, he begins his flipping rotation by throwing his upper body down towards his legs. Next, he unfolds while rapidly wrapping his arms about his body. This begins the twisting motion. From here, all the diver has to do is figure out what his orientation in the air is in order to know when to straighten his body to counter the flip and when to unwrap his arms to counter the twist before entering the water.

Avian Symbolism In The Awakening Essays - The Awakening, Edna, Reisz

Avian Symbolism in The Awakening Kate Chopin consistently uses avian symbolism in the novel The Awakening to represent and Enlighten Edna Pontellier. She begins the novel with the image of a caged bird and throughout the story other birds and avian images appear representing freedom, failure, and choices that Edna, the story's main character, must make. Throughout The Awakening Chopin uses flight and descriptions of birds to express the psychological state of mind of her main character, Edna Pontellier. As the story begins we are immediately introduces to the importance of avian symbolism. The first spoken sentences of the novel, are curiously enough, squawked by a parrot rather than a main character or some other human. Allez vous-en! Allez vous-en! Sapristi! That's all right! (Chopin 3) are the words yelled by this crazed, caged bird. Go away! Go away! For heaven's sake! is the translation of this message into English. This message represents the forbidden and taboo thoughts racing through the mind of Edna Pontellier during her post-awakening period. Edna longs to leave her subservient role as the loving, submissive wife and mother that society forces on her. She longs for something more exciting, something of her own choosing and free will. These lines are echoed again immediately prior to her awakening. While the twins are once again playing the same songs on the piano the parrot shrieks, "Allez vous-en! Sapristi!." This is the final warning that the parrot relays to Edna. Edna should have listened to the parrot's message and escaped from her unsatisfying life immediately. Yet, she chose not to heed his warning and she was destined to end her life in order to be free. In addition to the parrot's message, the image of this hostile, shrieking bird is a symbol in and of itself. For like the parrot, Edna is also trapped, not behind the bars of a cage, but by the standards of society and the role that has been appointed to her as a woman. In the same way that the parrot cannot free himself of his cage, Edna cannot ever fully break free of the limitations that society has placed on her as a woman, wife, and mother. Although she makes a conscious effort to separate herself from the people who are holding her back and break free of the boundaries that society has set upon her, she can never fully succeed in satisfying her hunger to live her own life. The next example of the avian imagery in The Awakening comes in the form of a handsome, young charmer named Alcee Arobin. Although on first glance he does not seem to be of or related to birds, upon closer examination we see that his last name syllabicated slowly is pronounced a - robin. This bird, "the harbinger of spring", is able to fly freely and live in close proximity to humans. Arobin matches this description, for he, as his name implies, flies freely through society and as his reputation suggests becomes close with many women. Admittedly, with... ingenuous frankness he spoke of what a wicked, undisciplined boy he had been. (78) and to Edna he, talked in a way that astonished her at first and brought crimson to her face (80). Furthermore, he has no regrets or worries when he pursues a relationship with Edna, a married woman. Alcee Arobin is a man who soars through life with no cares at all. He is known for his pursuits with women and is very straightforward when trying to get what he wants. Clearly he disregards the restrictions and "rules" that society has set up. Edna sees these qualities as admirable and longs to have them so that she too will be able to fly freely through life without restrictions and a cage to lock her up inside. The advice, given to Edna by the mysterious Mademoiselle Reisz also falls into the pattern of avian imagery to represent a deeper meaning for the novel's main character, Edna Pontellier. Mademoiselle Reisz says that, The bird that would soar above the level of plain tradition and prejudice must have strong wings. It is a sad spectacle to see the weaklings bruised, exhausted, fluttering back to earth (85). Though Edna does never really

Free Essays on Of This Time, of That Place

Of This Time, Of That place The story Of This Time, Of That Place, has many different conflicts. The main conflict is between Joseph Howe and a student named Tertan. Joseph Howe was going to his firs day of class. As he entered the classroom all of the students looked at him appraisingly. This gave Dr. Howe a sense of power. Dr. Howe quickly issued an assignment. As the class is working on the assignment, in comes Tertan. The class gave him a mocking cheer. Both Dr. Howe and Tertan ignored the class. Dr. Howe feels nervous and cracks some jokes he is handling the pressure of school; a true sign of a hero. At the end of class Tertan stood up and said that some professors were pedants and some professors are free souls. While grading the assignments, Dr. Howe sees that Tertans paper is extremely advanced and feels a little bit intimidated by it. Dr. Howe pointed out a few flaws but the paper was still good. Dr. Howe had a feeling that Tertan was a little bit out of the ordinary. After Dr. Howe got home he read an essay called â€Å"Two Poets† by Frederic Woolley in which Woolley made unfavorable comments about him. After a while Dr. Howe forgot about the incident and his classes became more like groups. A week after class Tertan went to visit Dr. Howe. They talked about Tertans last two papers. Tertan than pulled out a copy of the essay â€Å"Two Poets†. Tertan told Dr. Howe that he did his papers from what he learned from reading the essay. Teratan then suddenly left the room. Dr. Howe was making an attempt to better understand Tertan. In walks in Blackburn, vise president of the student council. Blackburn told Dr. Howe that he was once English major and would like to take his class, even though the semester had already began. When speaking with Dr. Howe, Blackburn tried to sound intelligent but made some errors, which Dr. Howe had pointed out. In class Tertan was called upon and began to speak and everyon e one in the c... Free Essays on Of This Time, of That Place Free Essays on Of This Time, of That Place Of This Time, Of That place The story Of This Time, Of That Place, has many different conflicts. The main conflict is between Joseph Howe and a student named Tertan. Joseph Howe was going to his firs day of class. As he entered the classroom all of the students looked at him appraisingly. This gave Dr. Howe a sense of power. Dr. Howe quickly issued an assignment. As the class is working on the assignment, in comes Tertan. The class gave him a mocking cheer. Both Dr. Howe and Tertan ignored the class. Dr. Howe feels nervous and cracks some jokes he is handling the pressure of school; a true sign of a hero. At the end of class Tertan stood up and said that some professors were pedants and some professors are free souls. While grading the assignments, Dr. Howe sees that Tertans paper is extremely advanced and feels a little bit intimidated by it. Dr. Howe pointed out a few flaws but the paper was still good. Dr. Howe had a feeling that Tertan was a little bit out of the ordinary. After Dr. Howe got home he read an essay called â€Å"Two Poets† by Frederic Woolley in which Woolley made unfavorable comments about him. After a while Dr. Howe forgot about the incident and his classes became more like groups. A week after class Tertan went to visit Dr. Howe. They talked about Tertans last two papers. Tertan than pulled out a copy of the essay â€Å"Two Poets†. Tertan told Dr. Howe that he did his papers from what he learned from reading the essay. Teratan then suddenly left the room. Dr. Howe was making an attempt to better understand Tertan. In walks in Blackburn, vise president of the student council. Blackburn told Dr. Howe that he was once English major and would like to take his class, even though the semester had already began. When speaking with Dr. Howe, Blackburn tried to sound intelligent but made some errors, which Dr. Howe had pointed out. In class Tertan was called upon and began to speak and everyon e one in the c...

Humes Dialogues Essay Example | Topics and Well Written Essays - 1000 words

Humes Dialogues - Essay Example I agree with Philo to the extent that he suggests that God has infinite attributes which cannot be compared with those of man, but I disagree with his assertion that we can infer nothing about the nature of the designer of nature. In my view, I think that experience plays a significant role in informing us that God has infinite attributes similar to the intelligence and mind of human beings. While is true that God has infinite attributes, there is no reason to suppose that such attributes are similar in nature to the mind and intelligence of human beings. Even though their dissimilarities in various designs of human creatures and animals, that does not mean that they are completely obscure. The dissimilarity between the designs of two human beings does not mean that those human beings are different; they are both human beings with human intelligence and the human mind. In the same way, the dissimilarity in terms of divine nature between the design of God and human beings does not mea n they are different; they both have a similar mind and intelligence. Therefore, I agree with Cleanthes that God exists and that he resembles human mind and intelligence. A theist would respond to the challenge of Philo by suggesting that God created human beings to be similar to him; so God resembles human beings. While I agree with theists in existence of a divine God who resembles a human being, I would object their story of creation which suggests that God created human beings to become similar to him.

Discuss in detail the components of the Balance of payments account Essay

Discuss in detail the components of the Balance of payments account - Essay Example The BOP is the country’s way of monitoring the international trading of its product and service offerings, and financial assets (Melvin and Norrbin, 2013, p.59; Cool and Goddard, 2006, p.92, Stovel, 1959, p.21). When a country receives money, it is automatically credited to its account, and it is debited from its account once it has paid or given money. BOP is therefore the inflows and outflows of cash. Inflows are credit and outflows are debit. The work at hand establishes the discussion of the three essential components of the BOP and the issues pertaining to its equilibrium. The current account consists of merchandise exports and imports and invisible exports and imports (OECD, 2000, p.151; Rana and Alburo, 1987, p.50). It is technically the flow of product and service offerings into a country. This also includes revenue on investments done publicly or privately. Generally, the current account consists of three essential components too. The first component is the net export. This is the biggest part of the current account, because it is around 80 to 90 percent. The next component is the net foreign income. This may be the income payment on stocks and bonds. Thus, at some point the net foreign income may be the interest payment on the bond or the dividend payment. Aside from the two components mentioned so far, the other part of current account is the foreign aid (Gaspar et al., 2013, p.93; Eicher et al., 2009, p.352; Clarida, 2007, p.38). Foreign aids are amount of money that the other economies may have directly transferred to a certain economy for the purpose of providing aid. This can also take place when a worker sends money home. Financial account is the next relevant component of BOP. It is the International transfer of capital, and attainment and clearance of assets that are non-financial and non-produced (OECD, 2005, p.45; International Monetary Fund, 2000, p.50). The financial account consists of real assets and financial assets. The real asset

IKEA Franchising Strategy

IKEA Franchising Strategy IKEA is an international home furniture company that selling the wide ranges of well-designed and functional products which packed in form of ready-to-assemble. According to IKEA (2012), its business is founded in 1943 by 17 years old Ingvar Kamprad in Sweden. The headquarter company of IKEA is placed in Delft, Netherlands. With the time turned, furniture retailer IKEA becomes one of successful companies around the world and has ability to take advantage of globalization. Therefore, now IKEA has 325 stores in 38 countries in which 287 stores in 26 countries is wholly owned INGKA Holding (non-for-profit corporation) and the remaining 38 stores are run by franchisees which under Dutch company (for-profit corporation) (n.a, 2012). INGKA Holding is parent company of Dutch company. The largest stores around the world are placed in China, German and Sweden (IKEA, 2012). The IKEA business is developed starting with home selling and then turn to become international nowadays. Originally, IKEA only sold small home accessories and trinkets products in its home, Sweden. Until 1948, IKEA began to design its own furniture products and sold in low price with high quality (Ellis, 2010). The process of business development is from home selling the products, open a retail store in Almhult town, Sweden (1958), then develop a larger retail outlet in Norway (1963). In 2012, IKEA committees plan to develop a wholly-own subsidiary corporate in India countries after did the market investigation. Currently, majority of IKEA stores are wholly owned and managed by INGKA Holding (also known as Stichting INGKA Foundation). The wholly owned subsidiary strategy explain that majority of stores operations, management, its furniture design and manufacture are overseen by INGKA Holding. For the case, IKEA has long eyed the retail market in India, now plan to invest  Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬900 million to create a wholly own subsidiary in India (Kinetz, 2012). On the other hand, IKEA also implements the franchising strategy in some countries to manage minority stores. The franchisees who allowed using IKEAs concept and trademark to run business have to pay 3% of revenue back. Since the culture and value is different in every country, IKEA committees evaluate the countrys local market and its future expansion opportunities before go in. For the future expansion, we suggest that IKEA should take joint venture strategy as business expansion strategy in India country. Joint venture is a good strategy to assist a company enters into a different cultural market. As an example, Wal-Mart knew nothing about Asian retail market, they choose entered into Hong Kong via joint venture with Thai conglomerate (Neelima Mahajan-Bansal, 2012). Second recommendation we suggest to IKEA is using wholly owned subsidiary to enter Brazil. The reason we choose Brazil as another target market because it has stability of political economy environment which can reduce various risk of business (n.a., 2011). IKEA also can take the advantage of Brazil since there has full of high quality woods as the resource for business (n.a., 2011). 2.0 Current Expansion Strategy Wholly owned Subsidiaries IKEA use wholly owned subsidiary as their main expansion. The IKEA corporate structure is divided in to two parts which are operating and franchising. Most of the IKEAs operations practices are overseen and managed by INGKA Holding B.V. INGKA Holding B.V is wholly owned by Stichting INGKA Foundation, a non-profit registered in Leiden in the Netherlands which is controlled by the Kamprad family (IKEAFANS, 2009). In year 2011, there are IKEA stores in 38 countries operating around the world such as United States, Canada, United Kingdom, Switzerland, Netherland, France, Russia, Saudi Arabia, China, Malaysia, Australia, and etc. There are 287 stores run by the INGKA Holding B.V and the remaining 38 stores are run by franchisees (Inter IKEA Group, n.d.). IKEA can either set up new operation in the country or can acquire an established firm in the host nation and use that firm to promote its promote its product as long as IKEA own 100 percent ownership of the stock. Habitat Retail Ltd. is a household furnishings retailer in the United Kingdom, Germany, France and Spain and in the year of 1992, IKEA acquired Habitats UK and French chain with about pound 55m to expand their business (Moore. J, 1992). IKEA own all of their buildings and land, and stores are custom built and designed for efficiency and sales potential. In order to do that, IKEA do not cut back investment in retail stores. (Deniz, Marco Art, 2012) The main purpose of the IKEA use this expansion strategies is to ensure operational control, standardization, and provide a smooth entry into to a new market. The attractive way to use wholly owned subsidiaries is where IKEA can reduces the risk of losing control over their core competence and its concept. This expansion strategies give IKEA have the full control over operation practices such as marketing, logistics and decision in different countries to meet their standard. In addition, all the profits will go to IKEA due to having full control on every operation. It is necessary for them engaging in global strategic coordination. Wholly owned subsidiaries also required IKEA to realize location and experience curve economies (Hill et. al., 2011). This which means, IKEA able to achieve economic of scale by manufacture more products and reduce the average cost of products (Hill et. al., 2011). Indirectly, this also fulfill the IKEA porter generic strategies which is cost leadership. However, wholly owned subsidiary strategy is highly expensive choice for company that would lead to severe financial risk if not successful. IKEA have to bear the full costs and high risk by themselves of setting up the factories, stores and retail shops operations in other nations (Hill, et. al., 2011). Japan was the first country in Asia that IKEA considered to enter in 1970s during their expansion to the international market. Their first entry to Japan market was in 1974 (n.a, 2008). Due to the differences between culture, lifestyle and behavior lead to IKEA face the failure and they had to withdraw their store out of Japan. However, IKEA decided to re-enter the market in 2002. This time IKEA conducted a thorough study of the markets and understand their requirement (Alexandra, 2009). At present, there are five IKEA stores in Japan, last of which was opened in year 2011(Inter IKEA Group, n.d.). Besides that, there are political risks of entering in to the market wholly in the form of nationalisation threats or corruption and bribery (Back et. al., 2010).   Recently in year 2009, there have been issues about corruption in the opening of retail store in Russia (n.a., 2011). It has been held by safely officials requests for payments and IKEA is refusing to so. Thus, IKEA has ended up by would not build more stores outside the Moscow region until Russian officials stop withholding permission and freeze expansions on Russia (n.a., 2011). Franchising Strategy The IKEA concept which bring IKEA franchise worldwide is belong to the Inter IKEA System B.V in Netherlands. Inter IKEA Systems B.V is the franchisor and it is the owner of the IKEA concept and trademark (IKEAFANS, 2009). The franchisees have the right to operate IKEA store under the franchise agreements in accordance with franchisors systems and methods to use IKEA trademarks establish by Inter IKEA Systems B.V(Inter IKEA Group, n.d.). Besides, IKEA franchisees able to access to the product range of IKEA and opportunity to continuously take part in IKEA concept development in their own stores. (Inter IKEA Group, n.d.). Then, IKEA franchisee has its own responsibilities to manage, develop and run their local market business with efforts after granting the rights of IKEA concept. The main concept of IKEA want to expand its market by implement franchising is due to the objective of Inter IKEA Systems B.V.. According to the objective of Inter IKEA Systems B.V., its objective is to increase the availability of IKEA products through world-wide franchising the IEKA concept (IKEAFANS, 2009). So, this encourages the IKEA wanted to create infinity for IKEA through franchising. Besides, the decisive factors for IKEA to franchise for long-term approach are due to its ownership structure and total independence in furniture market (Inter IKEA Group, n.d.). Thus, IKEA bring out the franchising method so that it can secure an infinite life for the IKEA concept when the different companies in different countries able to build the resources needed to expand global under IKEA concept (Inter IKEA Group, n.d.). Moreover, the franchisor, Inter IKEA Systems B.V. acts role to perform some important tasks such as expand IKEA business, improve and develop IKEA concepts, transfer know-how of IKEA to its retailers, monitor IKEA concept implementation and protect IKEA concept (Inter IKEA Group, n.d.). Currently, total of 38 IKEA franchisees are located over 11 countries. The countries with IKEA franchisee included 2 stores in United Arab Emirates, one stores in Kuwait, 3 stores in Saudi Arabia, 2 stores in Australia, 7 stores in China Taiwan, one stores in Cyprus, 5 stores in Greece, 3 stores in Malaysia and Singapore, 5 stores in Turkey, one stores in Iceland, 2 stores in Israel, 1 stores in Dominican Republic and 4 stores in Spain (Inter IKEA Group, n.d.). Franchises strategy not only provide the firm with high control of brand and strategy, but it is also a low financial investment risk and enabling the company to benefit from local knowledge (Back, Andrew Sparapani, 2010). Furthermore, some benefits can be able to gain through franchising by IKEA. For instance, it can earn extra source of income in term of loyalty and franchise fees since it franchises its retail stores located over 38 countries. The franchisees who allowed to use the concept and trademarks of IKEA is necessary to pay 3% of revenue earn to Inter IKEA Systems B.V annually (IKEAFANS, 2009). So, this intentionally provides other cash inflow for the IKEA. Although by using franchising strategy, IKEA can relief of many of the cost and risk of opening a foreign market (Hill Hernà ¡ndez-Requejo, 2011). However, this could make IKEA difficult to control the standards and quality where some franchisees may not concerned about these issues. This could be happened and hard to detect due to the geographic distance between franchisees and main franchisor. This might lead to affect consumer views of IKEAs product if the standards of products are not standardize in its own country compare with the IKEA main stores. 3.0 Future Expansion Strategy Joint Venture to Enter into India Market Joint venture is suitable for IKEA to enter into India Market. It refers to the set up of a new company that is jointly owned by two or more participants (Hill Hernà ¡ndez-Requejo 2011). Each partner must have something special and important such as knowledge, skill, and capital to offer the venture and simultaneously provide a source of gain to the other participants.  The reason for enter into India market is India furniture retail market has been classified by CSIL Milano as one of the 14 largest furniture markets in the world with the worth of US$8 billion and is growing at 30% annually (n.a., 2012). The second reason is that the furniture industry in India is highly unorganized. Nearly 85% of the home furnishing industry is in the unorganized sector and remaining 15% is in the organized sector which included domestic players and also imports (n.a., 2009). The reason to use joint venture is due to the government policy in inviting foreign company to invest in India. According to past policy in India, foreign firms can only own up to 51 percent of joint venture (Sharma Hansegard, 2012). The policy has changed last year by allows some retailers to own 100% of their Indian units. After the change of policy, IKEA have applied for permission to invest into India. However, the result of permission still has not come out. IKEA should not realize on the permission of the wholly own subsidiary given by the local government. If government reject its application, is it IKEA will not enter into the one of the 14 largest furniture markets in the world? There are many successful example of joint venture or cooperative between foreign furniture companies with local company in India today. Arrital Cucine, an Italian furniture company sells its products in India through its Indian partner, Overseas Connexions while the Germany company, Wilhelm Bolt C o. has a technical agreement with Arvind furniture to produce furniture at India (Mukherjee Patel, 2005). There is no time for IKEA to waste as they should quickly enter into India market through joint venture with local company to set up its manufacturing plants and also sell its product around the India. Culture is an important aspect that multinational company should consider before take an action to enter into a specific country (Hill et. al, 2011). Indian culture and their home decoration style are different from western country. Consumers may not accept the western design furniture as they are used to purchase traditional design of furniture which suit to their culture. Thus, set up a joint venture with local firm is a better way to doing business in India and hence can reduce the risk of failure. The difference of culture can directly affect the way how a business operates in that country. The experience of IKEA in China should be take note. Although there is a rapid increase in the number of visitors and sales volume in China, IKEA had yet to make a profit in China. IKEA showed local consumers new home decoration concepts using its various products but Chinese consumers do not accept it (Li Xu, 2007). IKEA have 25 years of procurement experience in China but yet still cannot understand deeply about the Chinese culture and consumers living style, preferences and taste. Thus, before set up its own retail store in India, they should make a deeply study on the local market. Joint venture with local company can bring more valuable information and knowledge for IKEA. IKEA can build relationship with local suppliers, distributors, and media. They can get the data and information form the joint venture firm. Besides that, cooperation with local branded company can quickly promote its brand name into consumers mind. Who should IKEA select to cooperative is crucial. Durian, Furniturewala, Zuari, Renaissance, Furniture Concepts, Millenium Lifestyles, are some of the key players in Indian furniture industry. Local company who can provide marketing expertise, local knowledge, have strong relationship with government, suppliers and distributors should be consider as they can provide many benefit to IKEA for their future operating its own subsidiary in India (Hill et. al, 2011). Besides that, good reputation and image of the local company also is one of the aspects to be considered for cooperative. Company with good reputation can bring IKEA into local market and also consumers mind easily. In contrast, cooperative with company possess bad reputation will straightly harm IKEA brand name and thus being bookmark as poor image company in consumers mind. Thus, companies mentioned above are the best local company for cooperation. According to IKEA Company, the requirement of purchase at least 30% of goods from local small and medium size enterprise under the new policy will remain a challenge for the company (Sharma etc. 2012). Thus, direct investment may not be a best strategy as they are not familiar with local business and industry. Until now, they still cannot truly build the supply chain network in India, so how are they going to set up its own retail store and run the business by themselves. Thus, when should they enter into India? If they do seriously consider the joint venture strategy, they should enter into India 1 or 2 year ago. With joint venture with local firm, IKEA can quickly access to local suppliers through the network of the local company and operate its business smoothly. The growing of furniture industry in India is due to two reasons, Indias large size and Indian tastes have started changed and Indian people are looking for more western furniture style (n.a., 2010). The market attractiv eness is not a problem and it is a chance to take the advantage for establishes its own retail store in coming year. As conclusion, due to local government policy, cultural difference, and also local business network, IKEA should use joint venture as entry mode to enter into India. This action enables them to build up a strong base for future expansion. Wholly Owned Subsidiary to Enter into Brazil IKEA needs to expand the business by entering into new foreign markets in order to ensure the companys future growth. We recommend IKEA can enter into Brazil in South America by considering the wholly owned subsidiary strategy. IKEA have entered into Europe, Asia, North America, Middle East and Caribbean but have yet entered into South America (IKEA, 2012). Two of the mandatory requirements for IKEA to move into Brazil are that the host country must be a member of the World Trade Organisation and a signatory to the agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) (Back et.al., 2011). The reason we choose to enter into Brazilian market because of the stable political economy factors. Political factors, economic factors, demand factors are factors that will influenced the potential attractiveness of a foreign markets (Hill et al., 2011). The Brazilian economys entered into a stable growth stage after the recovery form financial crisis in 2008. Besides that, Brazil estimated to grow 4.0% in 2012 and the economy is expected will rises from the seventh worlds largest to the fifth within next few years (n.a., 2011). Comparing with other countries in South America, Brazil has the highest Market Potential Index (MPI) (n.a., 2011). As a result, Brazils economy is the best that all of other countries in South America (CIA, 2012). Since domestic savings are not sufficient to sustain long-term growth rates, Brazil is currently encourages foreign direct investment (FDI) and it is the largest recipient of foreign direct investment in South America (n.a., 2011). The entry of IK EA can increase the employment rate of Brazil and increase the revenue of government. Furthermore, IKEA may exploit the market of South America by grabbing this opportunity. Furthermore, the furniture and furnishings sales in Brazil has grown by 5% in 2009 to reach over R$18 billion (U$ 555,435,224.08) and expected continue to grow in the next few years (Ong, Ng and Wu, 2010). This indicated that the demands of consumers are increasing and providing the opportunity for business to grow. IKEA expand into the Brazil market would form early market entry because it enters first into South America markets before other foreign firms. According to Lieberman and Montgomery (1988), the advantages of first mover are the ability to pre-empt rivals, capture demand by building s strong brand name, rides the learning curve ahead of rivals and the ability to create switching costs that tied customers into their products and services. For example, Walmart entered into the China market as early mover, which gained the ability to pre-empt rivals and capture early demand and still dominating the market over the late over Tesco (Waldmeir, 2010). IKEA has experienced as an early mover into the markets in the past. The company has entry into Canada markets in 1976, USA in 1985 and China in 1998 (IKEA, 2012). Thus, IKEA have the advantages of pre-empt rivals and riding the learning curve ahead of its rivals. However, IKEA also suffered from the pioneering costs when they realised of the need for localisation of its American product range (Back et al., 2011). The reasons IKEA failed in the Japanese markets was because IKEA lack of readiness for the Japanese market and lack of readiness of Japanese consumers for IKEAs do-it-yourself concept  (Wijers-Hasegawa 2006). Consequently, IKEA need to beware that riding the learning curve can be a long ride if the market is not ready to adapt the products. We suggest IKEA use wholly owned subsidiary because there are around 16,000 furniture companies in Brazil and most are family owned companies. There are few key domestic players included Florense, Brazil Furniture Group, and others. The furniture market is keep growing and there is yet well known and large furniture company emerge in the market. (Evans, 2012). Thus, the furniture market in Brazil is still unexplored by multinational furniture company. Thus, a well known brand name is easily discover by the market and the consumer when large company entering into that industry. IKEA, a world famous furniture company, have the competency to entering into furniture industry in Brazil and create strong brand image to the entire furniture market easily. As there are many small furniture companies, it is easily for IKEA to enter and dominate the Brazils market. The worlds largest rainforest, The Amazon, is located in Brazil. Thus, Brazil has abundance of high quality woods as the raw material for IKEA produce high quality furniture to consumers. This is the main reason for IKEA to use the wholly owned subsidiary to entry into Brazil. Besides that, the labour cost in Brazil is cheap compared to Europe and America (n.a., 2011). In other words, Brazil has significant comparative advantages compared to others exporting countries because it has excellent quality of raw materials at low costs and flexible labor (n.a., 2004). Wholly owned subsidiary can enable IKEA gain full control over the businesss operations which will also lower the brand risk in the same time (Back et.al., 2011). By wholly owned subsidiary, IKEA can get 100 percent profits that generated in Brazil. Besides that, by adapting wholly owned subsidiary, IKEA can gain the ability to realize location and experience economics as the company is adopting transnational strategy (Hill et. at., 2011). Thus, IKEA can make full decisions to produce products that are customized to the local customer wants and needs. In the South America Context, Brazil is the most preferred country for investment. Entering into South America market is an imported step of the IKEAs globalization strategy. 4.0 Conclusion In conclusion, we knew that IKEA is a very successful worldwide home furniture company. But, they are also facing franchising control management problem due to geographic distance. If franchises do not operate well in the current market, this will affect IKEAs reputation. They tend to reduce this problem by using wholly owned subsidiaries for expansion. This strategy also not very well for IKEA because full control over their competence and its concepts but instead increasing the risks for entry the market due to cultural conflict. We can see that IKEA was failure to entry in Japan before due to diff culture, lifestyle and purchasing behavior. So, we recommended that joint venture is suitable for IKEA to further expand. This strategy can reduce risk for entry and for better handle the market culture and policy. The joint venture that enable IKEA cooperative with those company that fulfill marketing expertise, local knowledge and skill and the most important factor is have strong relationship with government. These benefits encourage IKEA enable to operating well in the specific country. A successful company should analyze all the variables that will lead to failure before enter into a specific market. Although this strategy has occurs some problem and risk but compare to previous strategies, this strategy is better for IKEA sustainable development. Furthermore, cooperative with well known company will also increase IKEA reputation and influence local consumer purchasing behavior. Finally, a very successful company will not stop growing their business and finding the ways that lead to further expansion. They must know well their limit and beat all the deadlines. IKEA has put a lot of efforts on developing their business that strengthen capacity for further expansion. Consequently, they should use joint venture strategy to expand in other countries. The more understanding other countries culture, lifestyle and behavior, the closer the gaps for success.

Free Essays: The Vivid Imagery of Homers Odyssey :: Odyssey essays

The Vivid Imagery of Homer's Odyssey In the epic the Odyssey by Homer (translated by Robert Fitzgerald) one of the most descriptive and best written passages in the entire epic is "The Slaying of the Suitors" (book 23 lines1-62). This is a good passage for many reasons, one of these is that it is a part of the story that has been built up and anticipated by all. Another is the vivid imagery used by Homer. There is one more reason, this being the tone of the passage. The tone of this passage is very important to it and adds very much to it. One of the most talked of conflicts in the Odyssey is the suitors ravaging the possessions and house of Odysseus. They were able to do this because he was presumed dead and they didn't worry about him coming to protect his house and family. The impact of the passage in question is so important because it is when Odysseus returns to his home and kills the suitors. This is a large part of the final resolution, it al begins with this, for once the suitors are gone Odysseus is free to reclaim is post in society. It also gives the reader a great feeling of elation that the suitors who are terrorizing the house of Odysseus. A quote that really gives a good idea of the overall impact and resolution that this passage gives is as follows "You yellow dogs, you thought I'd never make it home from the land of Troy. You took my house to plunder, twisted my maids to serve your beds. You dared bid for my wife while I was still alive. Contempt was all you had for the gods who rule wide heaven, contempt for what men say of you hereafter. Your last hour has come. You die in blood." (page 410 lines 37-43). This quote gives a good impression of the closure that is given by this passage, included for this purpose, because it give Odysseus his revenge, the suitors will die in disgrace, Odysseus has finally returned to claim his place. The dominant impression created by this passage is summed up in the quote above, vengeance, elation at the deaths of the suitors and the felling that Odysseus is back and he's not

Bad Popcorn In Big Buckets

The research questions were clearly stated with both dependent (9 point Rickart scale questionnaire) and independent variables (large v average sized containers and stale v fresh popcorn) identified. Study was a randomly controlled trial, 2 x 2 between-subjects design.Participants were randomly given either a 120 gram or a 240 gram container of pre-weighed, fresh or stale popcorn to eat while viewing the movie; after the movie the containers and remaining popcorn were re-weighed to determine measures of consumption; participants were also required to complete a 9-point Rickart scale questionnaire in order to measure perceived taste and to write a description of the in order to measure palatability of the popcorn, and to write a description of this palatability and whether they considered the size of the containers as having any impact on the amount they consumed.Location: Philadelphian cinema – ‘Stargate’ movie. Subjects: 158 viewers of the movie, 57. 6% male; fre sh popcorn – average-sized containers: n=38 and larger-sized containers n=40, stale popcorn – average container: n=39 and large container, n=40; means and ANOVA results (analysis of variance) indicated that participants in each randomized sample were comparable in age (28. 9, 30. 4, 29. 0 and 27. 2 years of age, F=0. 465, P>0. 20), and gender mix (57%, 60%, 62%, 54% male, chi-square = 0.522, P>0. 20. Findings: regression coefficients show that those given fresh popcorn ate 45. 3% more from large containers (85. 6 vs 58. 9 grams, F1, 76=38. 6, P,0. 01) The size of container proved to have compelling influence on consumption, which was higher for both fresh and stale popcorn (45. 3% and 33. 6% respectively) when eaten from the large containers, even when regarded as unpalatable (disliked) by participants (50. 8 vs 38. 0 grams, F 1,77=8.73, P. 0. 01). Fresh popcorn however, procured a larger increase in consumption than the stale (F1, 154=7. 42, P

Solar Energy Essay - 896 Words

Solar Energy What do the bubonic plague in the 14th century, the influenza epidemic of the early 20th century and the spread of HIV/AIDS in the late 20th and early 21st centuries have in common? One answer, according to Joel B. Stronberg author of the American Solar Energy Society’s â€Å"Common Sense,† is that they have all been called pandemics. According to Merriam-Webster.com, a pandemic occurs over a wide geographic distribution and affects â€Å"an exceptionally high proportion of the population.† Joel B. Stronberg declares that we are currently facing another pandemic. This pandemic is the combination of the consequences of burning fossil fuels. The two major problems from burning fossil fuels are global warming and decreasing oil†¦show more content†¦The potential of solar energy is tremendous. We should take advantage of this opportunity and make solar energy usage more common! Since solar radiation produces so much energy, why aren’t we using a lot more of it? Solar energy does have some disadvantages. One of the major problems with solar energy is the intermittent speed at which it arrives at the Earth’s surface. This causes problems with consistency when heating or lighting. Another drawback to solar energy is that it requires great space to be gathered in effective quantities. This makes it difficult to place the solar panels in areas where space is costly, valuable, or unavailable. A final reason why we are not using solar energy is because it is quite costly. According to JC Solar Homes, it would cost a homeowner roughly one hundred to two hundred thousand dollars to convert his or her home to solar energy. Obviously, this is not realistic or reasonable for most people; therefore, solar energy is often overlooked as a serious possibility for solving our approaching energy pandemic. There are different types of commonly used solar energy conversions. Photovoltaic energy is commonly called solar cell energy. 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