Term papers and essays
Wednesday, August 26, 2020
Architect Antonio Gaudi Essay
Crafted by Antonio Gaudi can be viewed as visionary. Relatively revolutionary in numerous regards, it turns out to be clear when seeing his work that he affected a considerable lot of the extraordinary progressive specialists of the mid 21st century. An incredible noteworthiness functions as a craftsman and especially as an engineer uncovers phenomenal commitments to the manners of thinking of the ââ¬ËModernistsââ¬â¢. Taking a gander at about two of his engineering pieces, we can find a completely new significance to design through and through. Antonio Gaudi shows huge numbers of the dream components demonstrative of the Surrealist development, in spite of the fact that his work was ordered as Art Nouveau. His movement from Art Nouveau to approach Surrealist work can be found in looking at the sensibly unobtrusive Palau Guell (1886-1890) to Casa Battlo (1906-1908). Palau Guell is an excellent scale articulation of lavishness which despite everything has a large number of the qualities of Classicism. It is delightful and wanton with each part of style and paltriness identified with the Art Nouveau period. Gaudi, I feel has limited his creative mind as in he has not enjoyed a similar dreamland we find in his later works. The Palau Guell is very nearly an advanced mantra of the old Greek and Roman Colloseums. Casa Battlo speaks to a somewhat irregular point of view of the imaginative development itself. The Casa Battlo in its structure looks like to a greater extent a sweets château than an utilitarian structure. The outside of the structure is dispersed with earthenware plans that Gaudi had put into the exterior. At face esteem this gives the watcher a feeling of the ââ¬Ëother worldââ¬â¢, a spot where kids go in their fantasies. This was truth be told, as I would like to think, the start of the Surrealist declaration. Totally out of keeping with the first thought of engineering, Gaudi makes a structure that plays out a capacity as well as adds to the stylish estimation of the environmental factors into which it is set. The top of the Casa Battlo is shrouded in what gives off an impression of being scales, practically sea-going in its development, and yet not nosy. At this stage it is hard to determine in ones own psyche whether you like it or abhor it. The overhangs stretching out from the enormous inlet windows are likewise complicatedly cut and take after to a certain extent, outsider like heads with huge expanding eyes. The vision of Art Nouveau as ludicrously enhancing, decorated and flippant is unmistakably obvious in this specific bit of Gaudiââ¬â¢s work. The investigation of the dreamland gives it an uncanny feel of something out of the fantasy Hansel and Gretel and can make you fell uncomfortable. In the exacting feeling of the word ââ¬Ëinfluenceââ¬â¢, I can be sure that I see the ancestor to the Surrealist development in Gaudiââ¬â¢s work. Dreams as opposed to reality rises in his later work which is energetically injected with luxuriously beautiful mosaics and other artistic curios. On the off chance that one considers the impression Art Nouveau needed to make, I think Gaudi outperformed it with the sort of building expert articulation deserving of being known as a ââ¬Ëvisionaryââ¬â¢. Craftsmanship Nouveauââ¬â¢s mantra of reprimanding Classical unbending nature was spurned by Gaudi and his peers and prompted the impact of compositional developments, for example, Bauhaus and sculptural aesthetic undertakings, for example, Tatlin, Dali and Leger. The past endeavors at parting from customary craftsmanship as investigated by the Impressionists served to fuel an increasingly rich brain as far as the design of Gaudi. In Gaudiââ¬â¢s work we see the declaration of the brain in material structure. Taking a gander at the highlights worked around Guell Park, confirmations of the development into the investigation of shading in design is likewise obvious. The drinking fountains are adorned with mosaic fish and other amphibian like animals that by some peopleââ¬â¢s norms would be portrayed as ââ¬Ëkitschââ¬â¢. Be that as it may, for me this dreamland does precisely what it was proposed to do: make a sentiment of elation and bliss. It isn't utilitarian past the stylish. Gaudi is comparatively radical.
Saturday, August 22, 2020
Discharge Plan for Older Person
Release Plan for Older Person In this task the creator will examine a release plan with basis for a more established individual with a drawn out condition. Included will be potential and genuine issues introducing from the patient profile on release from an intense consideration setting. Reference to the Nursing and Midwifery Councils (NMC) proficient implicit rules (2008) will be made all through the task alongside a conversation of enactment in the last part that is pertinent to the arrangement of care masterminded. In addition any duplicates of documentation utilized in the reference section will stay unknown looking after classification. The hypothetical model used to define this arrangement of care is Roper et al (1990) exercises of every day living which focuses on twelve components fundamental for day by day living abilities and the degree of reliance required for them. The components of the hypothetical model picked will be those relevant to the patients release care for instance, versatility and relaxing. The patient profile alluded to is that of a senior man of honor in his late seventies admitted to clinic following shortcoming on waking to one side of his body which had essentially influenced his versatility. There additionally had all the earmarks of being some facial hanging with dysarthria. With the end goal of this task when alluding to the patient he will be named as Mr Smith as to customize the arrangement of care. Mr Smith has a past clinical history of incessant obstructive pneumonic malady (COPD) and asthma for which he gets tranquilize treatment of salbutamol and becotide inhalers. He is likewise the principle carer for his better half whom endures serious Alzheimers ailment. Release plan Liaise with the release co-ordinator regarding the approaching release of Mr Smith. This will guarantee the coherence of his consideration on release. The release co-ordinator gives significant help and can enhance the experience of a patients adventure from emergency clinic to the network Day et al (2009). They are exceptionally gifted medical caretakers in this expert zone and intervene between the multidiscipliness associated with the consideration needs of Mr Smith. Versatility. Issue 1 Potential changes to Mr Smiths development, capacity and direction. Strategy/result Complete a falls hazard appraisal utilizing a distinguished instrument and follow warning notes on finishing. With assent liaise with word related treatment and physiotherapy offices for a release evaluation and proceeded with recovery inside the network. Make certain a home encounter with treatment groups has been attempted before release. Method of reasoning A falls chance evaluation apparatus (FRAT) is an approach to build up chance and oversee falls counteraction. Its utilization is upheld in the National foundation for clinical greatness (NICE) rules in falls avoidance archive (2004). Following the utilization of FRAT (index 2) it is concluded that Mr Smith is at moderate danger of falling and advices of treatment group input. Mr Smith requires an appraisal by the word related treatment group in his home condition before his release. This guarantees his security and prosperity for everyday living and keeps up his autonomy. The visit presents an open door for the word related specialist to assess the requirement for change in the home. For instance it is recorded that Mr Smith has some trouble in emerging from the shower he would accordingly require change in his restroom to empower him to do this, advancing autonomy and keeping up his pride. Versatility doesnt simply incorporate the physical part of development it includes fine engine movement, individual declaration, feeling and informative capacity moreover. Having a stroke can cause brokenness, having an emotional causatum on the people life Barnet et al (2009). Causing modifications in the home to can be an upsetting encounter. An appraisal by the physiotherapist will augment restoration in physical development and permit guidance on the utilization of gear that might be required in doing as such, this finds out security and exactness during use. Physiotherapists have prevalent active information and can present guidance in falls anticipation limiting the event. NMC (2008) requires you as a medical attendant to allude to another professional when it is to the greatest advantage of a people care. The two specialists will have the option to start correspondence with day emergency clinics for proceeded with recovery treatment meetings inside the network. Keep up a protected situation and correspondence. Issue 2 Mr Smith is to control day by day prescription and comprehend the data arrangement. Strategy/result Guarantee the remedy with 7 days flexibly is given and sent to drug store in time for release. Assurance Mr Smith and his family members get applicable data with respect to prescription. Clarify in an open way. Orchestrate an out patients arrangement. Present composed and verbal data with respect to the arrangement. Educate the GP regarding Mr Smith release. Method of reasoning Mr Smith has been recommended anti-inflamatory medicine 75mg after an ischaemic cerebral vascular mishap (CVA). The headache medicine is given prophylactically and hinders platelet accumulation which could somehow or another outcome in a blood clot arrangement British national model (BNF) (2009). 80% of strokes result from ischemia, brought about by a blood clot hindering the cerebral flow in this manner, deterrent drug, for example, anti-inflamatory medicine lessens the danger of a reoccurrence Greenstein and Gould (2009a). It is imperative to furnish Mr Smith with composed and verbal data as to guidance on how and when to take his medicine, alongside the measurement and conceivable reactions he may experience. Teaching Mr Smith on the requirement for prescription and conceivable result of rebelliousness present him with an educated decision and decreases the danger of a medication actuated re-affirmation. Reports propose that 50% of more established individuals may not take prescriptions endorsed for them as they have not gotten esteemed data about the advantages and dangers included Department of wellbeing (DOH) (2001). The NMC (2008) says that you should share data about people groups wellbeing and systems in a manner they can comprehend. This encourages educated decisions and consistence. Attendants have a duty to proceed with evaluation of their patients appropriateness for self-organization; the NMCs measures for medications the board (2008) standard 9 expect you to recognize changes to a patients condition and wellbeing concerning self-organization. Surveying Mr Smiths comprehension and ability of making sure to take his prescription is critical as though he is probably going to experience trouble, arrangement for pre-apportioned medication or help from a carer can be masterminded Wade (2007). Backhanded addressing will give some sign with regards to the amount Mr Smith comprehends and won't cause him to feel insufficient, keeping up his nobility and regard. An outpatients meeting with a nervous system specialist will keep up predictable pro observing of Mr Smiths condition despite the fact that once released the GP is liable for care in the network and kept recommending. It is hence essential that the GP has documentation on this clinic confirmation and any subsequent arrangements to be joined in. Issue 3 Change to Mr Smiths social and home ecological needs. Strategy/result Advise Mr Smith with respect to the significance of social administrations investment and increase his assent. Liaise with social administrations for an appraisal of necessities finishing the pertinent documentation (areas 2 5) in satisfactory time prepared for Mr Smiths release. Method of reasoning Assent must be given by Mr Smith preceding the association of social administrations, despite the fact that it is recorded that they have had past contribution with Mrs Smiths care. It is the people right to classification and as a medical attendant you should regard this NMC (2008). Mr Smith has demonstrated that he has worries as to adapting and thinking about his better half whom has serious Alzheimers illness when he is released. Social administrations must evaluate the requirement for a consideration bolster bundle and give monetary guidance to the administrations required as Mr Smith is a mortgage holder. With Mr Smiths assent social administrations may even think about Mrs Smith staying in the nursing home until Mr Smith is progressively healthy. The need satisfaction of the ward can create passionate worry in the carer and weight their physical prosperity with the elevated level of physical effort expected to give invested care Mackenzie and Lee (2006). At the point when Mr Smith gets back the desire he will permit himself an opportunity to recoup and not put his self under coercion which could bring about a backslide in his wellbeing. Narratively, thinking about his significant other at this stage would not be helpful to his recovery. Issue 4 Transportation home on release from emergency clinic. Technique/result Liaise with family members in regards to ship home and if essential organize medical clinic transportation. Check Mr Smith has keys to his property, that somebody will be there to get him or that the key safe number is accessible. Justification It is of highest significance that Mr Smith and his family members are completely mindful of the date of release and the arrangements for his appearance. Where conceivable, Mr Smith and his family members ought to add to the release plan. The desire for you as an attendant is that you maintain people groups rights to be associated with choices about their consideration NMC (2008). Working and playing. Issue 5 Conceivable segregation and absence of social contact. Technique/result With assent allude Mr Smith to the network stroke contact benefits and complete the pertinent referral documentation. Offer the types of assistance contact subtleties. Method of reasoning The people group stroke contact nurture is there to offer help with introductory changes to Mr Smiths life. She is an expert in stroke restoration and can give him adapting methodologies. These will help Mr Smith center around critical thinking draws near and elevate his feeling of control Carpenito-Moyet
Friday, August 21, 2020
How to Perform an Efficient and Effective Market Research
How to Perform an Efficient and Effective Market Research HOW IMPORANT IS MARKET RESEARCH FOR ENTREPRENEURSIt depends. Market research, done correctly, can provide clear direction about the path your company needs to take. When market research is done inefficiently, however, it can lead to costly business mistakes and potential business disasters.Unfortunately, most small businesses are not in a position to spend thousands of dollars hiring market research firms, and either ignore the idea of performing any market analysis or perform a half-hearted approach that doesnât result in any useful information. The trick is to find a balance of useful information that you can gather using the most reliable and inexpensive methods available â" and then analyze that information for results. Sounds easy enough, right?Henry Ford, the mass-production expert who brought the Model-T to the far-reaches of the United States, is claimed to have once remarked, âIf I asked the people what they wanted, they would have said faster horses.âThere is no evid ence to support that Ford actually uttered that phrase, but the reality of the statement has merit. Then, as now, people are hesitant to leave the comfortable world of what they know and understand, for the uncomfortable and sometimes alarming world of the unknown. If Ford had done market research for the Model-T, he most likely would have received information that could have prevented his design from ever reaching completion.Understanding the right questions to ask â" and how to correctly interpret the answers to the questions is the key to performing market research that is valid and useful.In the early 90âs, smart phones were in their infancy, and people were amazed at what could be done with a handheld device. Phones were becoming smaller and more powerful at every turn. Enter the Blackberry â" a revolutionary idea that you could be productive in business â" even away from the office â" with your phone. Market research at the time would have indicated that customers wanted full-size keyboards on their phone â" so they could efficiently type and conduct business no matter where they were. Apple, however, went a different direction. Understanding that the ultimate need of consumers was productivity, Apple decided that their vision of how to give people that productivity was better and more efficient than what the customer was asking for. They stuck to their proverbial guns, and a QWERTY keyboard, once a âmust-haveâ feature on a smart phone is now seen as old school. Market research was used to discover not only what a customer wanted, but what that customer needed.WHAT TO LOOK AT WHEN CONDUCTING MARKET RESEARCHIf youâre a small business owner, you need to become a market research expert if you want to truly capitalize on your market. What are the areas you should be concerned with in the market research you conduct?START WITH YOUR PRODUCT.For our purposes, your product is what you deliver to a customer. It may be an actual product that consumers purchase, or it may be a service that you offer to people. Whatever it is that your customers receive from you is your product. Understanding what your product entails is a key element of market research. Do your customers know what your product is? Is there a need for the product? Does it solve a need or a want? How does your product fit into the lives of the people who use it? What does life look like with your product, and how does it look without your product? Finding out the answers to these questions can help determine if your product has a place in the market youâre serving.UNDERSTAND THE MARKET.What is the market for your product? Should you be targeting consumers between the ages of 25-40? Or is your target market women over 50 years of age? Determining who the market for your product is can help you identify the best ways of reaching that market. Once you have identified your market, you can begin to use market analysis to not only grow your business within that market section, you can explore ways of expanding your market to include other demographics.KNOW THE COMPETITION.Is your product new and unknown or is it a variation on something that already exists? What other products are on the market that may be similar to yours? How does your product compare to what is already available? How accessible is your product compared to the competition? What is the determining factor in choosing between your product and someone elseâs? Your customers know who the competition for your product is â" make sure that you do as well.BUILD CONNECTIONS.Every product has collaborators â" the âadd-onsâ that make sense for a consumer to tie together with your product. Understanding the connections for your product can help you key in on the market for your product, and give you guidance in ways that your product is used. What are the tie-ins that your product has, and do your customers know what they are? There is a reason that sporting goods stores put coupons on the back of ticket stubs to athletic events â" they know that people who attend athletic events are likely to purchase athletic equipment. Are there market connections that youâre missing?HOW YOU SHOULD CONDUCT MARKET RESEARCHOnce you have identified the areas of market research that you can address, there are a variety of methods of conducting your research. An exhaustive market analysis will include elements of all of the methods, but you can achieve good results with any of the methods.When conducting your research, think deep and wide. For true insight into the business, you need both quantitative results and qualitative results. Put the time and effort into doing efficient research, and your results will be more beneficial. Finding the method that is most effective can take some effort, and may be a bit of trial and error at first. Donât dismay if your first efforts arenât successful â" keep tweaking until you get results that you can use.There are two means of coll ecting data for market analysis â" primary research and secondary research. Both are viable and effective, but need careful consideration and use.PRIMARY MARKET RESEARCHPrimary research deals directly with the consumer. This direct, raw data from customers gives insight from the people who use your product. This can be essential when looking for actual usage information, i.e.: When do you conduct most of your shopping? Are the business hours of our office convenient to you?Getting information directly from the consumer can be done in a variety of ways, and can be both time consuming and overwhelming. It is important to determine the goal of your research and then design your method accordingly. Are you looking for demographic information about your customer base? A simple survey may be the easiest method. Are you looking for information about how your product is used? A focus group may be the most effective tool. Investigate the various methods of collecting primary research data a nd then select one (or more) of them to use.Personal interviewsSetting up interviews with customers can be time-consuming and intimidating. Be respectful of your customerâs time by narrowing your interview questions to the key issues you want to find out about, and keep the interview brief. Interviews can be formal or informal, depending on the information youâre hoping to gather. Informal interviews can be conducted as customers exit your business (âMay I ask you a few questions about your experience today?â) or done by calling people off your customer database (âWould you mind telling me about your last interaction with our company?â). Formal interviews require advance set-up, and could be done with a target audience (men between the ages of 18 â" 24) or with a random sampling (âWould you be willing to come in and answer a few questions? Please call to set up a time.â) Interviews can be done with current customers, or can be targeted to potential customers.Surveys Surveys are a way to easily collect information from a large number of people. You can conduct surveys during customer interactions, through web-based platforms and through personal interactions. The key to performing valid surveys is properly analyzing and using the data that you receive from the survey. There are multiple sources that will help you set up and analyze surveys (weâll cover some of them shortly), so conducting a survey doesnât have to be overwhelming.Focus groupsBring in a selection of customers and hold a focus group. Conducted periodically, these can be insightful ways to learn about your business market. Typically made up of 8-10 people, a focus group can be valuable in learning how your product is used, what is favorable about your product, and areas that customers want improved.SECONDARY MARKET RESEARCHAnother valuable way to gain market information is by using secondary research. Secondary research is using the data that other people have gathered, and can be useful in finding out general information about business. Business analytics, reports and data that are gathered by others can be inexpensive ways to collect market information. Generally useful when looking for large amounts of information (âHow many accountants are there in a tri-county area?â) these can help give information about market viability.COMMON MISTAKES MADE DURING MARKET RESEARCHCONDUCTING ONLY SECONDARY RESEARCHPerforming market research is time consuming. You have to determine what you want to know, and then determine how to find out what you want to know, and then you have to actually find out what you want to know, and then find out what you found out. Especially for a small business, it is easy to dismiss the idea of market research altogether and hope for the best. Alternatively, businesses take the easy way out and fall into some common mistakes that will misdirect results. Avoid these market research pitfalls to get the most out of your analysis.Secondar y research is easy and inexpensive. You read the results of someone elseâs data collection, and make decisions for your business. After all, they already did the hard part â" why reinvent the wheel, right? Well, yes and no. For collecting information about a wide segment of population, secondary research can be effective. For detailed information about your specific product and target market, however, nothing can take the place of primary research. Using only secondary research can give you a partial view of your business, but misses out on the rest of your market â" leaving you in the dark about what your actual users think. Donât ignore your primary methods simply because it is too much work.CONDUCTING MARKET RESEARCH ONLY ON THE INTERNETThe internet is everywhere â" and information is just sitting there, waiting to be used. It is tempting to do a few internet searches and consider your market research done. There is just as much truth floating on the internet as there is g arbage â" and weeding out the two takes skill. (Keep in mind, however, that according to the internet, aliens have landed in Utah and are slowly making their way across the globe by taking control of automobiles.) The anonymity of the internet can be good â" and it can be bad â" for collecting information about market research. You need to use reliable sources, and remember that the global reach of the internet may not give you direct answers to the needs of your customers and business.ONLY TALKING TO PEOPLE YOU KNOWAnother pitfall of market research is to ask a few of your acquaintances what they think of your product and consider it research. Again â" easy and inexpensive does not always equal adequate research. Talking only to people you know will give you skewed results, and often paint a far different picture from reality. In addition, talking only to people who use your product can give you a different perspective than if you survey people who currently donât use (or lik e) your product. Finding out where there are weaknesses or other potential market areas can help you improve your product, and your share of the market.TOOLS YOU CAN USE WHILE CONDUCTING MARKET RESEARCH Market research has become a buzzword within the business world. The advent of the internet makes it possible to quickly and easily reach thousands of people within your target market â" and you can quickly drown in the resulting information deluge. Consumers are fickle â" should your business change to keep pace with every whim and demand of the customerâs desire? Is there a way to conduct valid, useful market analysis that you can use to make informed decisions regarding your business? How important is market research? Understanding how to efficiently and effectively perform market research can not only help you grow and expand your business, it can help you identify the areas within your company that are strengths and/or weaknesses. © Shutterstock.com | Rawpixel.comIn this article we will look at the 1) importance of market research and analysis, 2) things you should look at while conducting research, 3) methods of conducting market research, 3) common mistakes made during market research, and 5) some tools you can use to conduct efficient market research.HOW IMPORANT IS MARKET RESEARCH FOR ENTREPRENEURSIt depends. Market research, done correctly, can provide clear direction about the path your company needs to take. When market research is done inefficiently, however, it can lead to costly business mistakes and potential business disasters.Unfortunately, most small businesses are not in a position to spend thousands of dollars hiring market research firms, and either ignore the idea of performing any market analysis or perform a half-hearted approach that doesnât result in any useful information. The trick is to find a balance of useful information that you can gather using the most reliable and inexpensive methods available â" and then analyze that information for results. Sounds easy enough, right?Henry Ford, the mass-production expert who brought the Model-T to the far-reaches of the United States, is claimed to have once remarked, âIf I asked the people what they wanted, they would have said faster horses.âThere is no evidence to support that Ford actually uttered that phrase, but the reality of the statement has merit. Then, as now, people are hesitant to leave the comfortable world of what they know and understand, for the uncomfortable and sometimes alarming world of the unknown. If Ford had done market research for the Model-T, he most likely would have received information that could have prevented his design from ever reaching completion.Understanding the right questions to ask â" and how to correctly interpret the answers to the questions is the key to performing market research that is valid and useful.In the early 90âs, smart phones were in their infancy, and peopl e were amazed at what could be done with a handheld device. Phones were becoming smaller and more powerful at every turn. Enter the Blackberry â" a revolutionary idea that you could be productive in business â" even away from the office â" with your phone. Market research at the time would have indicated that customers wanted full-size keyboards on their phone â" so they could efficiently type and conduct business no matter where they were. Apple, however, went a different direction. Understanding that the ultimate need of consumers was productivity, Apple decided that their vision of how to give people that productivity was better and more efficient than what the customer was asking for. They stuck to their proverbial guns, and a QWERTY keyboard, once a âmust-haveâ feature on a smart phone is now seen as old school. Market research was used to discover not only what a customer wanted, but what that customer needed.WHAT TO LOOK AT WHEN CONDUCTING MARKET RESEARCHIf youâre a small business owner, you need to become a market research expert if you want to truly capitalize on your market. What are the areas you should be concerned with in the market research you conduct?START WITH YOUR PRODUCT.For our purposes, your product is what you deliver to a customer. It may be an actual product that consumers purchase, or it may be a service that you offer to people. Whatever it is that your customers receive from you is your product. Understanding what your product entails is a key element of market research. Do your customers know what your product is? Is there a need for the product? Does it solve a need or a want? How does your product fit into the lives of the people who use it? What does life look like with your product, and how does it look without your product? Finding out the answers to these questions can help determine if your product has a place in the market youâre serving.UNDERSTAND THE MARKET.What is the market for your product? Should you be tar geting consumers between the ages of 25-40? Or is your target market women over 50 years of age? Determining who the market for your product is can help you identify the best ways of reaching that market. Once you have identified your market, you can begin to use market analysis to not only grow your business within that market section, you can explore ways of expanding your market to include other demographics.KNOW THE COMPETITION.Is your product new and unknown or is it a variation on something that already exists? What other products are on the market that may be similar to yours? How does your product compare to what is already available? How accessible is your product compared to the competition? What is the determining factor in choosing between your product and someone elseâs? Your customers know who the competition for your product is â" make sure that you do as well.BUILD CONNECTIONS.Every product has collaborators â" the âadd-onsâ that make sense for a consumer to tie together with your product. Understanding the connections for your product can help you key in on the market for your product, and give you guidance in ways that your product is used. What are the tie-ins that your product has, and do your customers know what they are? There is a reason that sporting goods stores put coupons on the back of ticket stubs to athletic events â" they know that people who attend athletic events are likely to purchase athletic equipment. Are there market connections that youâre missing?HOW YOU SHOULD CONDUCT MARKET RESEARCHOnce you have identified the areas of market research that you can address, there are a variety of methods of conducting your research. An exhaustive market analysis will include elements of all of the methods, but you can achieve good results with any of the methods.When conducting your research, think deep and wide. For true insight into the business, you need both quantitative results and qualitative results. Put the time and e ffort into doing efficient research, and your results will be more beneficial. Finding the method that is most effective can take some effort, and may be a bit of trial and error at first. Donât dismay if your first efforts arenât successful â" keep tweaking until you get results that you can use.There are two means of collecting data for market analysis â" primary research and secondary research. Both are viable and effective, but need careful consideration and use.PRIMARY MARKET RESEARCHPrimary research deals directly with the consumer. This direct, raw data from customers gives insight from the people who use your product. This can be essential when looking for actual usage information, i.e.: When do you conduct most of your shopping? Are the business hours of our office convenient to you?Getting information directly from the consumer can be done in a variety of ways, and can be both time consuming and overwhelming. It is important to determine the goal of your research and then design your method accordingly. Are you looking for demographic information about your customer base? A simple survey may be the easiest method. Are you looking for information about how your product is used? A focus group may be the most effective tool. Investigate the various methods of collecting primary research data and then select one (or more) of them to use.Personal interviewsSetting up interviews with customers can be time-consuming and intimidating. Be respectful of your customerâs time by narrowing your interview questions to the key issues you want to find out about, and keep the interview brief. Interviews can be formal or informal, depending on the information youâre hoping to gather. Informal interviews can be conducted as customers exit your business (âMay I ask you a few questions about your experience today?â) or done by calling people off your customer database (âWould you mind telling me about your last interaction with our company?â). Formal in terviews require advance set-up, and could be done with a target audience (men between the ages of 18 â" 24) or with a random sampling (âWould you be willing to come in and answer a few questions? Please call to set up a time.â) Interviews can be done with current customers, or can be targeted to potential customers.SurveysSurveys are a way to easily collect information from a large number of people. You can conduct surveys during customer interactions, through web-based platforms and through personal interactions. The key to performing valid surveys is properly analyzing and using the data that you receive from the survey. There are multiple sources that will help you set up and analyze surveys (weâll cover some of them shortly), so conducting a survey doesnât have to be overwhelming.Focus groupsBring in a selection of customers and hold a focus group. Conducted periodically, these can be insightful ways to learn about your business market. Typically made up of 8-10 people , a focus group can be valuable in learning how your product is used, what is favorable about your product, and areas that customers want improved.SECONDARY MARKET RESEARCHAnother valuable way to gain market information is by using secondary research. Secondary research is using the data that other people have gathered, and can be useful in finding out general information about business. Business analytics, reports and data that are gathered by others can be inexpensive ways to collect market information. Generally useful when looking for large amounts of information (âHow many accountants are there in a tri-county area?â) these can help give information about market viability.COMMON MISTAKES MADE DURING MARKET RESEARCHCONDUCTING ONLY SECONDARY RESEARCHPerforming market research is time consuming. You have to determine what you want to know, and then determine how to find out what you want to know, and then you have to actually find out what you want to know, and then find out w hat you found out. Especially for a small business, it is easy to dismiss the idea of market research altogether and hope for the best. Alternatively, businesses take the easy way out and fall into some common mistakes that will misdirect results. Avoid these market research pitfalls to get the most out of your analysis.Secondary research is easy and inexpensive. You read the results of someone elseâs data collection, and make decisions for your business. After all, they already did the hard part â" why reinvent the wheel, right? Well, yes and no. For collecting information about a wide segment of population, secondary research can be effective. For detailed information about your specific product and target market, however, nothing can take the place of primary research. Using only secondary research can give you a partial view of your business, but misses out on the rest of your market â" leaving you in the dark about what your actual users think. Donât ignore your primary m ethods simply because it is too much work.CONDUCTING MARKET RESEARCH ONLY ON THE INTERNETThe internet is everywhere â" and information is just sitting there, waiting to be used. It is tempting to do a few internet searches and consider your market research done. There is just as much truth floating on the internet as there is garbage â" and weeding out the two takes skill. (Keep in mind, however, that according to the internet, aliens have landed in Utah and are slowly making their way across the globe by taking control of automobiles.) The anonymity of the internet can be good â" and it can be bad â" for collecting information about market research. You need to use reliable sources, and remember that the global reach of the internet may not give you direct answers to the needs of your customers and business.ONLY TALKING TO PEOPLE YOU KNOWAnother pitfall of market research is to ask a few of your acquaintances what they think of your product and consider it research. Again â" e asy and inexpensive does not always equal adequate research. Talking only to people you know will give you skewed results, and often paint a far different picture from reality. In addition, talking only to people who use your product can give you a different perspective than if you survey people who currently donât use (or like) your product. Finding out where there are weaknesses or other potential market areas can help you improve your product, and your share of the market.TOOLS YOU CAN USE WHILE CONDUCTING MARKET RESEARCHA few tools to help you get started on your quest towards market analysis:Survey Monkey is a web-based platform that not only sets up surveys; it helps you reach your existing customer base, as well as potential clients. You create a custom survey, and Survey Monkey sends it out to your selected targets. They return results to you in as little as 3 days, and costs are based on completed surveys.Search.Twitter.com a google-like search engine allows you to search twitter posts â" giving you real-time access to what conversations are taking place. Find out what current trends are, see who is talking about products and where the hot-spots are.Ask Your Target Market (AYTM) is a quick survey creation platform â" letting you send short, quick surveys to either your existing customers or the more than 4.5 million people listed in AYTM database. You can create specific criteria that let you find out actual data from your target market. Pricing is determined based on your survey and demographic set-up.Market research needs to be approached from two angles: the idea that your product is the best thing available and customers need to understand that; and the idea that customers are the best judge of whatâs available and your product needs to meet their needs. Finding the balance between the two can help you not only improve your product, but can help you innovate new ways to reach potential customers. Regardless of where you are in your business â" starting out, seeking expansion, or simply want a gauge of how your business is doing, performing market research regularly can be a vital checkup for your business health.If you want to dig deeper into market research, then we recommend you read a little bit in the following ebook.[slideshare id=3241246doc=practical-guide-to-market-research-100221190917-phpapp02w=710h=400]
How to Perform an Efficient and Effective Market Research
How to Perform an Efficient and Effective Market Research HOW IMPORANT IS MARKET RESEARCH FOR ENTREPRENEURSIt depends. Market research, done correctly, can provide clear direction about the path your company needs to take. When market research is done inefficiently, however, it can lead to costly business mistakes and potential business disasters.Unfortunately, most small businesses are not in a position to spend thousands of dollars hiring market research firms, and either ignore the idea of performing any market analysis or perform a half-hearted approach that doesnât result in any useful information. The trick is to find a balance of useful information that you can gather using the most reliable and inexpensive methods available â" and then analyze that information for results. Sounds easy enough, right?Henry Ford, the mass-production expert who brought the Model-T to the far-reaches of the United States, is claimed to have once remarked, âIf I asked the people what they wanted, they would have said faster horses.âThere is no evid ence to support that Ford actually uttered that phrase, but the reality of the statement has merit. Then, as now, people are hesitant to leave the comfortable world of what they know and understand, for the uncomfortable and sometimes alarming world of the unknown. If Ford had done market research for the Model-T, he most likely would have received information that could have prevented his design from ever reaching completion.Understanding the right questions to ask â" and how to correctly interpret the answers to the questions is the key to performing market research that is valid and useful.In the early 90âs, smart phones were in their infancy, and people were amazed at what could be done with a handheld device. Phones were becoming smaller and more powerful at every turn. Enter the Blackberry â" a revolutionary idea that you could be productive in business â" even away from the office â" with your phone. Market research at the time would have indicated that customers wanted full-size keyboards on their phone â" so they could efficiently type and conduct business no matter where they were. Apple, however, went a different direction. Understanding that the ultimate need of consumers was productivity, Apple decided that their vision of how to give people that productivity was better and more efficient than what the customer was asking for. They stuck to their proverbial guns, and a QWERTY keyboard, once a âmust-haveâ feature on a smart phone is now seen as old school. Market research was used to discover not only what a customer wanted, but what that customer needed.WHAT TO LOOK AT WHEN CONDUCTING MARKET RESEARCHIf youâre a small business owner, you need to become a market research expert if you want to truly capitalize on your market. What are the areas you should be concerned with in the market research you conduct?START WITH YOUR PRODUCT.For our purposes, your product is what you deliver to a customer. It may be an actual product that consumers purchase, or it may be a service that you offer to people. Whatever it is that your customers receive from you is your product. Understanding what your product entails is a key element of market research. Do your customers know what your product is? Is there a need for the product? Does it solve a need or a want? How does your product fit into the lives of the people who use it? What does life look like with your product, and how does it look without your product? Finding out the answers to these questions can help determine if your product has a place in the market youâre serving.UNDERSTAND THE MARKET.What is the market for your product? Should you be targeting consumers between the ages of 25-40? Or is your target market women over 50 years of age? Determining who the market for your product is can help you identify the best ways of reaching that market. Once you have identified your market, you can begin to use market analysis to not only grow your business within that market section, you can explore ways of expanding your market to include other demographics.KNOW THE COMPETITION.Is your product new and unknown or is it a variation on something that already exists? What other products are on the market that may be similar to yours? How does your product compare to what is already available? How accessible is your product compared to the competition? What is the determining factor in choosing between your product and someone elseâs? Your customers know who the competition for your product is â" make sure that you do as well.BUILD CONNECTIONS.Every product has collaborators â" the âadd-onsâ that make sense for a consumer to tie together with your product. Understanding the connections for your product can help you key in on the market for your product, and give you guidance in ways that your product is used. What are the tie-ins that your product has, and do your customers know what they are? There is a reason that sporting goods stores put coupons on the back of ticket stubs to athletic events â" they know that people who attend athletic events are likely to purchase athletic equipment. Are there market connections that youâre missing?HOW YOU SHOULD CONDUCT MARKET RESEARCHOnce you have identified the areas of market research that you can address, there are a variety of methods of conducting your research. An exhaustive market analysis will include elements of all of the methods, but you can achieve good results with any of the methods.When conducting your research, think deep and wide. For true insight into the business, you need both quantitative results and qualitative results. Put the time and effort into doing efficient research, and your results will be more beneficial. Finding the method that is most effective can take some effort, and may be a bit of trial and error at first. Donât dismay if your first efforts arenât successful â" keep tweaking until you get results that you can use.There are two means of coll ecting data for market analysis â" primary research and secondary research. Both are viable and effective, but need careful consideration and use.PRIMARY MARKET RESEARCHPrimary research deals directly with the consumer. This direct, raw data from customers gives insight from the people who use your product. This can be essential when looking for actual usage information, i.e.: When do you conduct most of your shopping? Are the business hours of our office convenient to you?Getting information directly from the consumer can be done in a variety of ways, and can be both time consuming and overwhelming. It is important to determine the goal of your research and then design your method accordingly. Are you looking for demographic information about your customer base? A simple survey may be the easiest method. Are you looking for information about how your product is used? A focus group may be the most effective tool. Investigate the various methods of collecting primary research data a nd then select one (or more) of them to use.Personal interviewsSetting up interviews with customers can be time-consuming and intimidating. Be respectful of your customerâs time by narrowing your interview questions to the key issues you want to find out about, and keep the interview brief. Interviews can be formal or informal, depending on the information youâre hoping to gather. Informal interviews can be conducted as customers exit your business (âMay I ask you a few questions about your experience today?â) or done by calling people off your customer database (âWould you mind telling me about your last interaction with our company?â). Formal interviews require advance set-up, and could be done with a target audience (men between the ages of 18 â" 24) or with a random sampling (âWould you be willing to come in and answer a few questions? Please call to set up a time.â) Interviews can be done with current customers, or can be targeted to potential customers.Surveys Surveys are a way to easily collect information from a large number of people. You can conduct surveys during customer interactions, through web-based platforms and through personal interactions. The key to performing valid surveys is properly analyzing and using the data that you receive from the survey. There are multiple sources that will help you set up and analyze surveys (weâll cover some of them shortly), so conducting a survey doesnât have to be overwhelming.Focus groupsBring in a selection of customers and hold a focus group. Conducted periodically, these can be insightful ways to learn about your business market. Typically made up of 8-10 people, a focus group can be valuable in learning how your product is used, what is favorable about your product, and areas that customers want improved.SECONDARY MARKET RESEARCHAnother valuable way to gain market information is by using secondary research. Secondary research is using the data that other people have gathered, and can be useful in finding out general information about business. Business analytics, reports and data that are gathered by others can be inexpensive ways to collect market information. Generally useful when looking for large amounts of information (âHow many accountants are there in a tri-county area?â) these can help give information about market viability.COMMON MISTAKES MADE DURING MARKET RESEARCHCONDUCTING ONLY SECONDARY RESEARCHPerforming market research is time consuming. You have to determine what you want to know, and then determine how to find out what you want to know, and then you have to actually find out what you want to know, and then find out what you found out. Especially for a small business, it is easy to dismiss the idea of market research altogether and hope for the best. Alternatively, businesses take the easy way out and fall into some common mistakes that will misdirect results. Avoid these market research pitfalls to get the most out of your analysis.Secondar y research is easy and inexpensive. You read the results of someone elseâs data collection, and make decisions for your business. After all, they already did the hard part â" why reinvent the wheel, right? Well, yes and no. For collecting information about a wide segment of population, secondary research can be effective. For detailed information about your specific product and target market, however, nothing can take the place of primary research. Using only secondary research can give you a partial view of your business, but misses out on the rest of your market â" leaving you in the dark about what your actual users think. Donât ignore your primary methods simply because it is too much work.CONDUCTING MARKET RESEARCH ONLY ON THE INTERNETThe internet is everywhere â" and information is just sitting there, waiting to be used. It is tempting to do a few internet searches and consider your market research done. There is just as much truth floating on the internet as there is g arbage â" and weeding out the two takes skill. (Keep in mind, however, that according to the internet, aliens have landed in Utah and are slowly making their way across the globe by taking control of automobiles.) The anonymity of the internet can be good â" and it can be bad â" for collecting information about market research. You need to use reliable sources, and remember that the global reach of the internet may not give you direct answers to the needs of your customers and business.ONLY TALKING TO PEOPLE YOU KNOWAnother pitfall of market research is to ask a few of your acquaintances what they think of your product and consider it research. Again â" easy and inexpensive does not always equal adequate research. Talking only to people you know will give you skewed results, and often paint a far different picture from reality. In addition, talking only to people who use your product can give you a different perspective than if you survey people who currently donât use (or lik e) your product. Finding out where there are weaknesses or other potential market areas can help you improve your product, and your share of the market.TOOLS YOU CAN USE WHILE CONDUCTING MARKET RESEARCH Market research has become a buzzword within the business world. The advent of the internet makes it possible to quickly and easily reach thousands of people within your target market â" and you can quickly drown in the resulting information deluge. Consumers are fickle â" should your business change to keep pace with every whim and demand of the customerâs desire? Is there a way to conduct valid, useful market analysis that you can use to make informed decisions regarding your business? How important is market research? Understanding how to efficiently and effectively perform market research can not only help you grow and expand your business, it can help you identify the areas within your company that are strengths and/or weaknesses. © Shutterstock.com | Rawpixel.comIn this article we will look at the 1) importance of market research and analysis, 2) things you should look at while conducting research, 3) methods of conducting market research, 3) common mistakes made during market research, and 5) some tools you can use to conduct efficient market research.HOW IMPORANT IS MARKET RESEARCH FOR ENTREPRENEURSIt depends. Market research, done correctly, can provide clear direction about the path your company needs to take. When market research is done inefficiently, however, it can lead to costly business mistakes and potential business disasters.Unfortunately, most small businesses are not in a position to spend thousands of dollars hiring market research firms, and either ignore the idea of performing any market analysis or perform a half-hearted approach that doesnât result in any useful information. The trick is to find a balance of useful information that you can gather using the most reliable and inexpensive methods available â" and then analyze that information for results. Sounds easy enough, right?Henry Ford, the mass-production expert who brought the Model-T to the far-reaches of the United States, is claimed to have once remarked, âIf I asked the people what they wanted, they would have said faster horses.âThere is no evidence to support that Ford actually uttered that phrase, but the reality of the statement has merit. Then, as now, people are hesitant to leave the comfortable world of what they know and understand, for the uncomfortable and sometimes alarming world of the unknown. If Ford had done market research for the Model-T, he most likely would have received information that could have prevented his design from ever reaching completion.Understanding the right questions to ask â" and how to correctly interpret the answers to the questions is the key to performing market research that is valid and useful.In the early 90âs, smart phones were in their infancy, and peopl e were amazed at what could be done with a handheld device. Phones were becoming smaller and more powerful at every turn. Enter the Blackberry â" a revolutionary idea that you could be productive in business â" even away from the office â" with your phone. Market research at the time would have indicated that customers wanted full-size keyboards on their phone â" so they could efficiently type and conduct business no matter where they were. Apple, however, went a different direction. Understanding that the ultimate need of consumers was productivity, Apple decided that their vision of how to give people that productivity was better and more efficient than what the customer was asking for. They stuck to their proverbial guns, and a QWERTY keyboard, once a âmust-haveâ feature on a smart phone is now seen as old school. Market research was used to discover not only what a customer wanted, but what that customer needed.WHAT TO LOOK AT WHEN CONDUCTING MARKET RESEARCHIf youâre a small business owner, you need to become a market research expert if you want to truly capitalize on your market. What are the areas you should be concerned with in the market research you conduct?START WITH YOUR PRODUCT.For our purposes, your product is what you deliver to a customer. It may be an actual product that consumers purchase, or it may be a service that you offer to people. Whatever it is that your customers receive from you is your product. Understanding what your product entails is a key element of market research. Do your customers know what your product is? Is there a need for the product? Does it solve a need or a want? How does your product fit into the lives of the people who use it? What does life look like with your product, and how does it look without your product? Finding out the answers to these questions can help determine if your product has a place in the market youâre serving.UNDERSTAND THE MARKET.What is the market for your product? Should you be tar geting consumers between the ages of 25-40? Or is your target market women over 50 years of age? Determining who the market for your product is can help you identify the best ways of reaching that market. Once you have identified your market, you can begin to use market analysis to not only grow your business within that market section, you can explore ways of expanding your market to include other demographics.KNOW THE COMPETITION.Is your product new and unknown or is it a variation on something that already exists? What other products are on the market that may be similar to yours? How does your product compare to what is already available? How accessible is your product compared to the competition? What is the determining factor in choosing between your product and someone elseâs? Your customers know who the competition for your product is â" make sure that you do as well.BUILD CONNECTIONS.Every product has collaborators â" the âadd-onsâ that make sense for a consumer to tie together with your product. Understanding the connections for your product can help you key in on the market for your product, and give you guidance in ways that your product is used. What are the tie-ins that your product has, and do your customers know what they are? There is a reason that sporting goods stores put coupons on the back of ticket stubs to athletic events â" they know that people who attend athletic events are likely to purchase athletic equipment. Are there market connections that youâre missing?HOW YOU SHOULD CONDUCT MARKET RESEARCHOnce you have identified the areas of market research that you can address, there are a variety of methods of conducting your research. An exhaustive market analysis will include elements of all of the methods, but you can achieve good results with any of the methods.When conducting your research, think deep and wide. For true insight into the business, you need both quantitative results and qualitative results. Put the time and e ffort into doing efficient research, and your results will be more beneficial. Finding the method that is most effective can take some effort, and may be a bit of trial and error at first. Donât dismay if your first efforts arenât successful â" keep tweaking until you get results that you can use.There are two means of collecting data for market analysis â" primary research and secondary research. Both are viable and effective, but need careful consideration and use.PRIMARY MARKET RESEARCHPrimary research deals directly with the consumer. This direct, raw data from customers gives insight from the people who use your product. This can be essential when looking for actual usage information, i.e.: When do you conduct most of your shopping? Are the business hours of our office convenient to you?Getting information directly from the consumer can be done in a variety of ways, and can be both time consuming and overwhelming. It is important to determine the goal of your research and then design your method accordingly. Are you looking for demographic information about your customer base? A simple survey may be the easiest method. Are you looking for information about how your product is used? A focus group may be the most effective tool. Investigate the various methods of collecting primary research data and then select one (or more) of them to use.Personal interviewsSetting up interviews with customers can be time-consuming and intimidating. Be respectful of your customerâs time by narrowing your interview questions to the key issues you want to find out about, and keep the interview brief. Interviews can be formal or informal, depending on the information youâre hoping to gather. Informal interviews can be conducted as customers exit your business (âMay I ask you a few questions about your experience today?â) or done by calling people off your customer database (âWould you mind telling me about your last interaction with our company?â). Formal in terviews require advance set-up, and could be done with a target audience (men between the ages of 18 â" 24) or with a random sampling (âWould you be willing to come in and answer a few questions? Please call to set up a time.â) Interviews can be done with current customers, or can be targeted to potential customers.SurveysSurveys are a way to easily collect information from a large number of people. You can conduct surveys during customer interactions, through web-based platforms and through personal interactions. The key to performing valid surveys is properly analyzing and using the data that you receive from the survey. There are multiple sources that will help you set up and analyze surveys (weâll cover some of them shortly), so conducting a survey doesnât have to be overwhelming.Focus groupsBring in a selection of customers and hold a focus group. Conducted periodically, these can be insightful ways to learn about your business market. Typically made up of 8-10 people , a focus group can be valuable in learning how your product is used, what is favorable about your product, and areas that customers want improved.SECONDARY MARKET RESEARCHAnother valuable way to gain market information is by using secondary research. Secondary research is using the data that other people have gathered, and can be useful in finding out general information about business. Business analytics, reports and data that are gathered by others can be inexpensive ways to collect market information. Generally useful when looking for large amounts of information (âHow many accountants are there in a tri-county area?â) these can help give information about market viability.COMMON MISTAKES MADE DURING MARKET RESEARCHCONDUCTING ONLY SECONDARY RESEARCHPerforming market research is time consuming. You have to determine what you want to know, and then determine how to find out what you want to know, and then you have to actually find out what you want to know, and then find out w hat you found out. Especially for a small business, it is easy to dismiss the idea of market research altogether and hope for the best. Alternatively, businesses take the easy way out and fall into some common mistakes that will misdirect results. Avoid these market research pitfalls to get the most out of your analysis.Secondary research is easy and inexpensive. You read the results of someone elseâs data collection, and make decisions for your business. After all, they already did the hard part â" why reinvent the wheel, right? Well, yes and no. For collecting information about a wide segment of population, secondary research can be effective. For detailed information about your specific product and target market, however, nothing can take the place of primary research. Using only secondary research can give you a partial view of your business, but misses out on the rest of your market â" leaving you in the dark about what your actual users think. Donât ignore your primary m ethods simply because it is too much work.CONDUCTING MARKET RESEARCH ONLY ON THE INTERNETThe internet is everywhere â" and information is just sitting there, waiting to be used. It is tempting to do a few internet searches and consider your market research done. There is just as much truth floating on the internet as there is garbage â" and weeding out the two takes skill. (Keep in mind, however, that according to the internet, aliens have landed in Utah and are slowly making their way across the globe by taking control of automobiles.) The anonymity of the internet can be good â" and it can be bad â" for collecting information about market research. You need to use reliable sources, and remember that the global reach of the internet may not give you direct answers to the needs of your customers and business.ONLY TALKING TO PEOPLE YOU KNOWAnother pitfall of market research is to ask a few of your acquaintances what they think of your product and consider it research. Again â" e asy and inexpensive does not always equal adequate research. Talking only to people you know will give you skewed results, and often paint a far different picture from reality. In addition, talking only to people who use your product can give you a different perspective than if you survey people who currently donât use (or like) your product. Finding out where there are weaknesses or other potential market areas can help you improve your product, and your share of the market.TOOLS YOU CAN USE WHILE CONDUCTING MARKET RESEARCHA few tools to help you get started on your quest towards market analysis:Survey Monkey is a web-based platform that not only sets up surveys; it helps you reach your existing customer base, as well as potential clients. You create a custom survey, and Survey Monkey sends it out to your selected targets. They return results to you in as little as 3 days, and costs are based on completed surveys.Search.Twitter.com a google-like search engine allows you to search twitter posts â" giving you real-time access to what conversations are taking place. Find out what current trends are, see who is talking about products and where the hot-spots are.Ask Your Target Market (AYTM) is a quick survey creation platform â" letting you send short, quick surveys to either your existing customers or the more than 4.5 million people listed in AYTM database. You can create specific criteria that let you find out actual data from your target market. Pricing is determined based on your survey and demographic set-up.Market research needs to be approached from two angles: the idea that your product is the best thing available and customers need to understand that; and the idea that customers are the best judge of whatâs available and your product needs to meet their needs. Finding the balance between the two can help you not only improve your product, but can help you innovate new ways to reach potential customers. Regardless of where you are in your business â" starting out, seeking expansion, or simply want a gauge of how your business is doing, performing market research regularly can be a vital checkup for your business health.If you want to dig deeper into market research, then we recommend you read a little bit in the following ebook.[slideshare id=3241246doc=practical-guide-to-market-research-100221190917-phpapp02w=710h=400]
Sunday, May 24, 2020
The Case Study Of The Pfizer - 1233 Words
In summary of the Pfizer case study, the organization realized executives and key employees were spending 20-40% of their time on support work rather than knowledge work. In response, the company started a ââ¬Å"magic buttonâ⬠process. When an employee would like to pass off the tasks that are monotonous or lack luster they can press the ââ¬Å"magic buttonâ⬠. The tasks are assigned to individuals of an outside organization for completion. The result is an increase of employee productivity. Within my small organization 50% or more of my day is spend on power points, support documentation, and sales calls. Our resource pool is shallow being a startup and some day we will implement the ââ¬Å"magic buttonâ⬠. The only aspect that I am uncomfortable with regarding outsourcing is using overseas labor when someone in the USA could perform the same job for a slightly higher price. Although the organization saves money in the short term, the economic strain by outsourcing overseas has long a long-term impact on the local economy. The utilization of temp workers has become more prevalent with workforce globalization. Analyzing the organization for which I work and considering the structural implications the PfizerWorks approach would have on productivity, I will begin with work specialization. Work specialization is a key element of organizational design and refers to dividing work activities into separate job tasks (Robbins, Decenzo, Coulter, 2015). The organization I am working withShow MoreRelatedPfizer Case Study1484 Words à |à 6 PagesQuestion 1: Describe and evaluate what Pfizer is doing? Pfizer is the worldââ¬â¢s largest research-based pharmaceuticals firm and also a well known Pharmaceutical company. So their most of the work depends on research, developing Strategies and innovate. They were trying to find a new way of system which makes their Work more effective and efficient. Pfizer find out that their worker spends more time on Business research and data analysis to the creation of documents and other routine Support likeRead MorePfizer Case Study1500 Words à |à 6 PagesQuestion 1: Describe and evaluate what Pfizer is doing? Pfizer is the worldââ¬â¢s largest research-based pharmaceuticals firm and also a well known Pharmaceutical company. So their most of the work depends on research, developing Strategies and innovate. They were trying to find a new way of system which makes their Work more effective and efficient. Pfizer find out that their worker spends more time on Business research and data analysis to the creation of documents and other routine Support likeRead MorePfizer Case Study Essay5236 Words à |à 21 PagesPfizer ââ¬â Written Case Report Prepared by: BAMG 456-023: Strategic Management amp; Business Policy (Fall 2012) Table of Contents: 1. Part One: Evaluation of the External Environment a. Introduction 4 b. Opportunities and Threats 6 i. Assessment of Societal (Remote) Environment ii. Assessment of Industry (Task) Environment iii. Assessment of Competition (Bryan Jenkins) iv. Overall Opportunities and Threats and Score 2Read MorePfizer Case Study: A New Kind of Structure2792 Words à |à 12 PagesSubject: Submitting the Case Study A New Kind of Structure. Dear Sir It is our pleasure to inform you that we are submitting our case study analysis. We studied sincerely and enjoyed lot to complete this case study and doing such work always gives us the opportunity to expand our knowledge. We are confident to say that there was no room for negligence of our sincerity. We tried to do the best on our part and all of the team members equally participated to solve the case study. If you feel to haveRead MoreThe Ama Code Of Medical Ethics1520 Words à |à 7 Pagesknowledge of the possible consequencesâ⬠and is the backbone to honorable physician patient interactions. Unfortunately, throughout history there have been many cases where physicians have used a patientââ¬â¢s lower socioeconomic status to manipulate the obtaining of informed consent. The AMA Code of Medical Ethics predates back to 1847, yet cases continue to arise directly breaking their key principles. These principles include autonomy, justice, beneficence, non-maleficence; and if followed ensure patientsRead MoreThe Financial Records Of Pfizer Inc.1473 Words à |à 6 PagesIntroduction: For my financial case study, I chose to delve deeper into the financial records of Pfizer Inc. Their corporate headquarters are located in New York City but their research headquarters are in Groton, Connecticut. Pfizer is a famous pharmaceutical company that produces a number of lifesaving drugs. Pfizer develops and produces medicines and vaccines for a wide range of medical disciplines, including immunology, oncology, cardiology, diabetology/endocrinology, and neurology. Some knownRead MorePfizer Case Analysis1587 Words à |à 7 PagesPharmacia into Pfizer, should its management have avoided another huge acquisition like Wyeth? Should Pfizer have gone after smaller bio tech firms in a series of small acquisitions in 2008 and 2009? A number of these bio tech firms could have been acquired for the $68 billion price of the huge Wyeth acquisition. Present arguments for and against buying several small firms versus one large firm. In my opinion, when it comes to the option of bigger or smaller firm acquisition, Pfizer should haveRead MorePfizer s Drug Testing Strategy1275 Words à |à 6 Pagespharmaceutical company, Pfizer Inc, violated an international law by Nigerian officials. This is law made it illegal for unapproved drugs to be tested on human beings. The crime took place in 1996 when a test drug, Trovan, was given to nearly 100 children suffering from a deadly strain of meningitis. Five of the children given the drug died while 6 others died after receiving a comparison of the antibiotic. This case questions the ethics of decision making on Pfizerââ¬â¢s behalf. Though Pfizer obtained verbalRead MoreZoetis- Pharmaceutical Company Essay example1384 Words à |à 6 PagesZoetis is the number one animal pharmaceutical company worldwide. It used to be a part of the parent company Pfizer pharmaceuticals but it became its own company in 2013(Zoetis,2013). The company is a publically traded company that has a sole focus on animal health and customer service. Most sales for Zoetis are done through livestock medicines but the companion animal department is catching up quickly. Zoetis prides itself on being the most loved by their customers (Zoetis, 2013). Zoetis is a growingRead MoreSkewed Research Essay876 Words à |à 4 Pagesdrug Neurontin. Neurontin is a brand name for the drug gabapentin and it is manufactured by Pfizer and Parke-Davis (Ramirez de Arellano, 2009). The drug has been approved by the FDA to use in treating neurological conditions such as epilepsy. There have been a large number of off-label uses added to the list that have not been approved by the FDA which has increased the companyââ¬â¢s sales. In 2004, Pfizer was found guilty in urging physicians to prescribe Neurontin to patients for off-label uses
Thursday, May 14, 2020
An Accounting Case Essay - 604 Words
SHEPPARDââ¬â¢S Accounting game 1: Deyonneââ¬â¢s assets: 1. 400 sheep 2. 20 acres of land 3. A one-room cabin 4. A plow 5. Two carts 6. An ox Deyonneââ¬â¢s liabilities and deduction of assets: 1. 35 sheep 2. 3 sheep Due to the information, 20 acres of land equal 80 sheep according to the exchange rate of last year, a one-room cabin equal 3 acres of land and equal 12 sheep finally, a plow equals 2 goat and equal 2/3 sheep according to last yearââ¬â¢s exchange rate and 2 carts which were traded with a poor acre of land equals 8 sheep plus 400 sheep. So Deyonneââ¬â¢s total assets are 500(2/3) sheep. Deyonneââ¬â¢s liabilities and assets deduction are 35 sheep plus 3 sheep, which will come to 38 sheep,â⬠¦show more contentâ⬠¦Therefore, Batonne is wealthier. Accounting game2: Deyonneââ¬â¢s income of current year: 80 sheep Deyonneââ¬â¢s loss of current year: 1 ox (equals 5 sheep) Batonneââ¬â¢s income of current year: 1. 20 sheep 2. 40 sheep (which were traded for 10 acres of land) 3. 5 coats (which worth 25 goats and equal 8(1/3) sheep finally) Explanations: 1. Because it is the comparison of income, the loss of Deyonne cannot be deducted from the total amount of his income . 2. Batonne traded 40 sheep for 10 acres of additional land, but the sheep derived from his income. So the 40 sheep should also be counted as his income. 3. Batonneââ¬â¢s wife received 25 goats due to order of sailing, which should be regarded as part of income. But the other order, which has not been realized, cannot be regarded as income. 4. As for the 18 sheep that Batonne traded for food and clothing items and 7 sheep that Deyonne did similarly, they were part of their original property. So they cannot be regarded as income. Consequently, according to the information, Deyonneââ¬â¢s income of last year was 80 sheep, while Batonneââ¬â¢s income was that 20 sheep plus 40 sheep that were traded for 10 additional land and 5 coats equaling 8(1/3) sheep. Therefore, Deyonneââ¬â¢s income of 80 sheep was versus Batonneââ¬â¢s income of 68(1/3) sheep. Deyonneââ¬â¢s income was greater for the pastShow MoreRelatedAccounting Case1317 Words à |à 6 Pages2011 $ 5,500 -4,000 -8,500 -1,000 $ -8,000 $0 $ 30,000 $ 22,000 7,400 $ 29,400 eBook Links (3) Learning Objective: 02-04 Explain how the statement of financial position, often referred to as the balance sheet, is an expansion of the basic accounting equation. Learning Objective: 02-05 Explain how the income statement reports an enterprises financial performance for a period of time in terms of the relationship of revenues and expenses. Learning Objective: 02-06 Explain how the statement ofRead MoreCase for Accounting Class1401 Words à |à 6 Pagesresultant comment letter process. Furthermore, revenue recognition is often prey to financial fraud. Coverage of revenue recognition in intermediate accounting courses is typically limited to learning and applying the criteria for revenue recognition outlined in the Financial Accounting Standards Boardââ¬â¢s (FASB) Statement of Financial Accounting Concepts No. 5, Recognition and Measurement in Financial Statements of Business Enterprises, to routine transactions and topics, such as long-term constructionRead MoreAccounting Case 21056 Words à |à 5 Pagesbackground needed to complete the cases is readily available in the text, the CPA Canada Handbook, IFRS or in companiesââ¬â¢ annual reports. The SEDAR web site is an excellent source of annual reports and the notes on accounting practices in these reports provide valuable background material on industry practices. In some instances, students will be expected to do some additional research to determine specific accounting practices not yet covered in the course or by accounting standards. There is no objectionRead MoreA Case Of Accounting Fraud1555 Words à |à 7 Pagesmajor case of accounting fraud driven by the desire to build and protect oneââ¬â¢s personal financial condition is the WorldCom debacle. Bernie Ebbers had to show continually growing net worth in order to avoid margin calls on his own WorldCom stock that he had pledged to secure loans. When WorldCom, the telecommunications giant, failed and was put into bankruptcy, the U.S. witnessed the largest accounting frauds in history. Former CEO, Bernie Ebbers, was convicted of orchestrating this accounting fraudRead MoreAccounting Case Study662 Words à |à 3 Pagesï » ¿As we are familiar with the case, we feel that two very important issues have not been addressed which in sufficient detail, given that in the may influence the profitability of the business venture. These are General: (1). The allocation of capital by both the partners and the stockholders (2) Auditing of facilities and services so that expansion can be carried out later or even facility augmentation Economic viability (3) If such extension is meant to augment the profit of the partner, orRead MoreAccounting Case Studies1559 Words à |à 6 Pagesï » ¿Question 1: The situation in this case study revolves around Sally, a member of the Board of Sally Susies Donut Shop, Inc. (SSDS). SSDS uses an accrual method of accounting and over the past three years has seen volatile sales. Sally is unhappy with her previous tax advisor and wants new advice. Our task is to outline a preliminary interview with Sally to ensure that we ask the right questions. For tax purposes, it is important to forecast cash flow and income. Sally, in Y1 you posted taxableRead MoreAccounting Theory Case902 Words à |à 4 PagesCase 10-7 Impaired Abilities Scenario A On March 31, 2010, at the end of its first quarter, Company A owned a portfolio of investment-grade, fixed-rate debt securities classified as available for sale. Because of interest rate increases that occurred between the date that certain securities were acquired and March 31, 2010, a material portion of the portfolio was ââ¬Å"underwater.â⬠Company A evaluated this decline in fair value to determine whether it is other than temporary and concluded that the declineRead MoreAccounting Case Essay1930 Words à |à 8 PagesSeligram, Inc.: Electronic Testing Operations 1. What caused the existing system at ETO to fail? 2. Calculate the reported cost of the five components listed in Exhibit 6 using: a. The existing system. b. The system proposed by the accounting manager. c. The system proposed by the consultant. 3. Which system is preferable? Why? 4. Would you recommend any changes to the system you prefer? Why? 5. Would you treat the new machine as a separate cost center or as a part of theRead MoreStarbucks Case Accounting4237 Words à |à 17 PagesStarbucks Case Part I ââ¬â Prior to reading Starbuckââ¬â¢s Form 10-K, please answer the following questions. Your answers should be based upon your general knowledge of Starbucks, gained from visiting their stores, purchasing their products and/or observing them in the marketplace. a. Up until the economic downturn (Fall of 2008) what do you believe was Starbucksââ¬â¢ growth strategy? Give three examples of specific actions (growth initiatives) you observed Starbucks execute upon as part of theirRead MoreManagerial Accounting Case6123 Words à |à 25 PagesCase Study in Managerial accounting Case 1: Southwest Airlines Part A : General Information Company Name: Southwest Airlines Co. Company is traded on the New York Stock Exchange trade market (NYSE) with symbol LUV. Corporate Headquarters are located at the physical address: 2702 Love Field Drive, Dallas, Texas 75235. Corporate Web Site: http://www.southwest.com. Corporate Web Site for business travelers: http://www.swabiz.com/ Industry Classification Company operates in the Industrial
Wednesday, May 6, 2020
Biblical World View Essay - 949 Words
BIBLICAL WORLD VIEW ESSAY BIBL 110 In The Essence of the New Testament: A Survey, Towns and Gutierrez, the authors concur with other Biblical scholars understanding that ââ¬Å"the teaching of Romans is not only crucial for Christian theology, but the greatest revivals and reformations throughout the history of Christianity have resulted from an increased understanding and application of the teaching of this epistleâ⬠This essay will attempt to summarize how the first 8 chapters of this amazingly written Book of Romans shapes my own personal Biblical worldview. I will first look at 4 areas in which Paul specifically presents clear evidence to his readers of the truth of the Gospel Message. The first area He presents is in regard toâ⬠¦show more contentâ⬠¦Paul goes on to list the many sinful ways of the darkened minds that chose not to honor God. The inspired list of sins that Paul declares leaves no room for any man to truly believe that he is without sin. It is in that list of sins that Paul shows the sep aration of all mankind from God. It is only in that place of acknowledgment of sin that man can begin to understand his or her human identity. My own human identity is shaped more and more each day as I choose to stand before God acknowledging that I am a sinner. I have a world view that is changing to become more understanding of the need to spread the Gospel message because of my increased awareness of my own sin nature. The third and forth areas of Pauls writing in Romans builds on the first two. Now that mankind has had the obvious evidence of the existence of God in Nature, and now that mankind has seen that he fits somewhere on the list of behaviors that do not honor God, Paul moves on to point out the affects of ungodly living. Mankind began to worship idols, and humans turned against each other as the result of turning their hearts and minds against God. Because of mans choice to turn from God, the sinfulShow MoreRelatedBiblical World View Essay988 Words à |à 4 Page sBiblical Worldview Essay As an Accountant, I will not balance the books to display more revenue that the company does not possess, nor will I spend money from company funds for my personal needs and or pleasures because these are not the attributes of the image of God. ââ¬Å"So God created man in His own image; in the image of God He created him; male and female He created themâ⬠(Genesis 1:27). I need to represent His image in all that I do. ââ¬Å"Mankind is created in order to represent God here on earthâ⬠Read MoreBiblical World View and Education Essay examples1558 Words à |à 7 PagesBiblical Worldview and Curriculum Development Emily A Cobb Liberty University EDUC 672 Biblical World View and Curriculum Development What is the role of a teacher? What is the role of a learner? How does a teacher in a classroom apply their faith, beliefs, and view of the world into their classroom? How does this worldview affect the outcome of the curriculum that is developed and taught to their students? This paper will explore these questions and how the ideas of world viewRead MoreBiblical World View Bibl 104 Essay examples894 Words à |à 4 Pagesmight classify them; and it reminds me that whether you call it the Vibe or not those one on one connections are our chance to help change someoneelses life and conceptions. Biblical Worldview Essay Grading Rubric Student:| Criteria|PointsPossible|PointsEarned|Instructorââ¬â¢s Comments| Content: Does the essay cover the subject as thoroughly as possible? Are at least 2 topics covered? 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We all turn to it to be challenged and inspired by it, and to expose ourselves to the divine perspective. For the church the Bible is normative. That is to say the church places itself under the authority of scripture. The Biblical definition of ethics is connected with doctrine and they are not offered apart from a set of guidelines and Read MoreEssay Human Nature And The Declaration Of Independence1629 Words à |à 7 Pages Human Nature and the Declaration of Independence nbsp;nbsp;nbsp;nbsp;nbsp; I would like to show that the view of human nature that is shown in The Declaration of Independence is taken more from the Bible and that that view is in disagreement with two of the three esays given in class. The Biblical perspective of man is that he was created by a divine Creator with a specific plan in mind and made in the image of his Creator. Men are entitled to the pursuit of happiness but also requiredRead MoreBiblical Worldviews Of Romans And The Romans1067 Words à |à 5 PagesBiblical Worldview Essay In this essay, I ll explore the Biblical worldviews of Romans 1-8 and my viewed opinions of all of the subject matters. On the other hand, Iââ¬â¢ll aim to examine the sins committed by the Romans during the era of Paulââ¬â¢s generation and how in my opinion, these sins will continue to pledged to todayââ¬â¢s society. Moreover, the Biblical Worldviews of the book of Romans illustrate Godââ¬â¢s devotion to our daily lives. However, everybodyââ¬â¢s worldwide as they see life, and that issueRead MoreBlack Boy And The Grapes Of Wrath Analysis1728 Words à |à 7 Pages respectively, full of biblical allusions to demonstrate that religion is ineffective at addressing the issues of the indigent because teleological narratives, when applied to material context, do not have the same end. While this paper claims that both authors have a negative casting of religion, other writers feel the opposite. One writer is Kelly Crockett, who posits a positive reading of religion in The Grapes of Wrath. In her essay, she identifies a slew of biblical allusions, and argues thatRead MoreViews On The Historical Adam Essay1061 Words à |à 5 PagesFour views on the historical Adam consists of four prominent biblical scholars, who together, provided there understanding of scripture to a project that shed light on the figure identified in Genesis 1 as Adam. The four contributors to this book are: Dr. Denis Lamoureux, Dr. John Walton, Dr. C. John Collins, and Dr. William Barrick. Four Views on the Historical Adam visibly outlines four key views on the Genesis figure Adam held by evangelicals. The content provided is theologically consistent inRead MoreGlobal Missions Paper1189 Words à |à 5 Pagesï » ¿ Global Missions Paper HTH 469/Grand Canyon University 08/24/2014 In this essay I will analyzes Escobars thesis and compares and contrasts his theological contribution with other theologians. I will discussion Escobars contextual approach as compared/contrasted in relation to one theological theme with two other contemporary theologians. I will summarize how Escobars overall theological contribution either expands or challenges the theological perspectives of
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