The Global Fast Food Industry External Remote Environment Analysis

StakeholdersA stake holder of a company is any group or an individual who can have an effect or is affected by the success of the company’s goals. For the company to easily achieve its corporate business objectives (goals) , it must have a good connection with its external parties. This means that if the company’s relationship with its stakeholders is not strong, the company is bound to fail in achieving it’s corporate business objectives. This is because their interest to the corporation influences the corporation’s achievements.The company’s strong relationship with stakeholders is measured based on confidence, trust and cooperation. This means that the stakeholders’ interest to the company will be high if there is high trust, respect and good team work. This is majorly primary strategic management. For a company to maintain its competitive advantage and remain relevant, it should clearly identify its stakeholders and other external parties and strengthen its association with them. Stakeholders will include shareholders, employees, customers and suppliers.  It’s difficult to clearly identify the other external parties because there is no clear formula to define it. But because of advertisements, different people are becoming stakeholders depending on different factors. This involves global impacts of an industry such as climate change or cultural due to marketing and advertising.CUSTOMERThis is an individual or group which receives or consumes the final product or services of the company. For the company to increase and maintain its level of clients, it must produce high and good quality products or services. This will ensure that customers demand will be loyal and high. Also because of competition in the market, the corporation should be dynamic in its activities and the price for the product should be fair as different people have different perceptions to price hence should set fair prices to accommodate al l customers. The company communicates through advertisements, trade exhibitions & promotions, giving free samples, cash discounts, offering credit facilities among others. This increases customer awareness of the product or service.SuppliersThese are short term financiers of the company. Their confidence in the company depends on how prompt the corporation honors their credit facilities and how regular they carry on their businesses. The company communicates to this group through cheques, when they make payments, purchase orders.SHAREHOLDERSThey are the owners of the company. Their shares form the equity capital of the company. For them to retain their interest they must receive good dividends from the profits of the company and their investments must keep on appreciating in that company. This will increase the value of the shares and the company’s’ reputation. The company communicates to is shareholders through the Annual General Meeting, AGM which is convened yearly. These people are important to the company because if they have no confidence in the company, the value of shares will reduce in stock market, investors will withdraw their investments from the company and no new investors will invest, creditors will stop offering their services, employees will not receive their salaries, sales will go down and the hence the corporation will collapse.EmployeesThese are the managers of the company. The receive salary from the company and they are motivated if their working conditions in the company is good. the company communicates to the employees through holding meetings, letters of appointments, letters of dismissal and journals.The importance of the employees in the company is to ensure that the resources of the company are taken care of to achieve high results. This will increase sales and improve the reputation of the company. Also investors will be high and hence the value of the shares will increase.ENVIRONMENTAL ANALYSISEconomic environmenta lWorld financial market is being affect by Middle East crisis the and US sub prime crisis and there is a global impact on consumer spending worldwide. At first sight this would seem a disproportionate reaction but banks all over the world are exposed to US debt. Sub-prime lending was lending at higher interest rates as a means of helping American consumers of lower incomes and poorer credit records obtain mortgages. These loans were then sold on, in complex ways, to other institutions including hedge (higher risk higher return) funds. The treatment of sub prime loans by the banks is likely to have far reaching effects including, possibly, a slowdown in the US economy and a confidence linked decline in US consumer spending. The Middle East crisis has affected the world economy because Middle East is the source of oil. Although there are alternative sources of energy still oil remains the most important source of energy. Crisis in the energy sector the world is affected.Fact is that U S retail sales rose only 0.3% in August 2007 suggesting increasing caution of the crisis ahead. US retail sales are a major driver of economic growth and may be viewed as an early response to a housing slump and financial market turmoil. Over the past 12 months, retail sales rose by 3.9% excluding autos. However, the level of spending did not indicate recession tendencies though analysts expect growth to decline in the near future. There were modest increases in sales for furniture (0.5%), electronics (0.4%), sporting goods (0.3%), and health care (0.3%) compared with the same month a year ago. Thus, this national economic problem might have a small effect on the food sector because some foods are usually priced higher than regular food (Xinhua News Agency, 14 September 2007).Technological TrendsNearly half of all Americans have broadband Internet connections in their homes, according to the annual survey by the Pew Internet & American Life Project in July 2007. The number of home b roadband users nationwide now equals the total number of Americans with any type of Internet connection in 2000, the first year the survey was conducted. Four out of 10 African-American adults have broadband access at home, compared to 15% two years ago. Nearly one-third of rural Americans have home broadband connections, compared to about half of Americans living in urban areas and the suburbs. According to Pew, income and race are becoming less important differentiators in US broadband adoption.Also, according to a May 2007, 67% of US consumers favor making purchases at a traditional store. Some 69% said they used the Internet to comparison shop, and 58% said they go online to locate items before going to the store to make a purchase. Only 13% said the Internet had not improved their patronizing experience. The conclusion is that, instead of replacing brick and mortar stores, the Internet is an extension of consumers' patronize experience, providing a resource to research product and price. When asked what the most powerful influencer was concerning purchasing decisions, 60% said word of mouth, followed by advertising (47%) and online information (43%). In view of the technological trend of consumers being reliant on the Internet for information, KFC should consider setting up a website to have an edge against their competitors.This will assist in the increasing of profitability of fast food industry through advertising in the internet, website development which will list the products of the firm. The future of the firm is predicted with little degree of certainty.Socio-Political TrendsAccording to a survey by Light speeds Research, 70% of US adults support government actions like restricting TV ads for food. Women are more supportive than men of such measures, with 73% reporting support of government actions versus 63% of men.According to a nationwide telephone survey conducted by Research! America and The Endocrine Society in December 2006, some 27% of res pondents prioritized obesity as the top health issue for children, followed by lack of health care/insurance (16%) and nutrition/unhealthy diet (9%). According to Health Day News, the research, which was released on Dec. 13, also found that 52% of respondents regard obesity as a public health issue that society should help solve with 46% regarding it as a private issue. According to the National Center for Health Statistics at the U.S. Centers for Disease Control and Prevention, about 66% of American adults aged 20-74 and 17% of children aged 2-19 are overweight or obese.In some countries, health regulation requires nearly   restaurants to post calorie information on their menus. This means all these developments in the national and local level are beneficial for food vendors because the growing concern about healthy eating would surely boost their sales. In some countries and religions beliefs and values determines the type of food being sold in the market. Take for example in th e Muslim world some meaty foods will not be sold because of the beliefs. This applies to the east and the west. Foods taken in Japan can strange in Africa Europe and other places and the converse is true.REFERENCESAnonymous.(2007);   A Not So Great 2008: Emerging Trends Report.  National Real Estate Investor (Online Exclusive).Armstrong G. & Kotler P. (2007). Consumer Markets: Influences on consumer behavior, Principles of Marketing.Business Insights. (2003); The Health Food And Drinks Outlook To 2006: Consumer Insight, Market Dynamics & NPD. London: Business Insights Ltd.ICMR Case Studies and Management Resources. (2007). Consumer Behavior. Retrieved January 20, 2008 from http://www.icmrindia.org/courseware/Consumer%20Behavior/CBC03.htlmDonatelle, Rebecca J.(2005); Nutrition Eating for Optimum Health, Health: The Basics,New Jersey: Prentice-Hall.Freeman R. E.,(1984) strategic management, pitman books, Boston, Mass.Hillman A.J. Keim G.D.(2001);   Shareholders Value, Stakeholde rs management, and social issues: what is the bottom line?   Strategic management journalKotler, P. (2005); Principles of Marketing. New York.Melbourne PressRivera, Ray.(2007);   Fight to put calories on menus may widen.(Metropolitan Desk). The New York Times.Schaik J.L., (2002); The Task of Marketing Management; J.L. van Schaik (Pity) ltdSchiffman, Leon G., and Leslie L. Kanuk. Consumer Behavior. New Jersey: Pearson Prentice Hall, 2007.Television & Health. Retrieved January 21, 2008 from http://www.csun.edu/~vceed002/health/docs/tv&health.htmlWilson M.,(2003); Corporate Sustainability: what is it and where does it come from? , Ivey Management Services.Winer, R.S. (2007). Marketing Management, Prentice Hall, Upper Saddle River, NJ.

Optics Is in the Eye of the Beholder

Optics Is in the Eye of the Beholder Optics Is in the Eye of the Beholder Optics Is in the Eye of the Beholder By Mark Nichol How does optics- employed as a buzzword synonym for perception, not a reference to the study of light and sight- look to you? What’s your view? Do we see eye to eye? This post discusses a not-new but newly trending term whose increasing popularity says something about the way we see ourselves and our culture- and institutions that significantly influence the way we live. Optics ultimately derives from the Greek word optikos, meaning â€Å"pertaining to sight,† which in turn comes from optos, meaning â€Å"seen† or â€Å"visible,† and, as mentioned above, refers to the science of light (and therefore of sight), but it has acquired an additional sense- and, if you are familiar with the word, not as recently as you might think. The use of optics as shorthand for â€Å"the way things look† seems to have spiked in usage, but it dates back several decades, from a government official’s comment that a gesture of appreciation would be â€Å"a nice optical step†- that is, it would look good and reflect well on the person making the gesture. A newspaper editorial, in response, criticized the fact that â€Å"optics†- doing something to make a good impression- would not resolve an underlying problem that the gesture seemed to attempt to obscure. Ever since then, optics has served as a substitute for perception, especially in politics and business, which are all about perception. Until recently, the term was more common in Canada than in the United States, perhaps thanks to the influence of the equivalent French term optique in the bilingual nation. (German has the similar word Optik.) But as our society has increasingly come to value show over substance, the word is becoming more prevalent south of the border. Businesspeople and politicians alike often express concern about how an action will appear, at the expense of focus on actual ramifications. â€Å"What are the optics?† they ask each other. Whether customers and constituents improve their own eyesight will determine the future of this jarring jargon. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:English Grammar 101: All You Need to KnowA While vs AwhileHow to Style Legislative Terms

This is Your Platform

This is Your Platform Jane Friedman is a brilliant woman in the publishing world. Shed been editor of Writers Digest and the Virginia Quarterly. Now shes just an in-demand guru, and trust me, I read everything of hers that comes across my screen. One of her most famous posts on her blog is A Definition of Author Platform https://janefriedman.com/author-platform-definition/   Platform building requires consistent, ongoing effort over the course of a career. It also means making incremental improvements in extending your network. It’s about making waves that attract other people to you - not about begging others to pay attention. The following list is not exhaustive, but helps give you an idea of how platform can grow. 1) Publishing or distributing quality work in outlets you want to be identified with and that your target audience reads. 2) Producing a body of work on your own platform - e.g., blog, e-mail newsletter, social network, podcast, video, digital downloads, etc- that gathers quality followers or a community of people who are interested in what you have to say. This is usually a longterm process. 3) Speaking at and/or attending events where you meet new people and extend your network of contacts. 4) Finding meaningful ways to engage with and develop your target audience, whether through content, events, online marketing/promotion, etc. 5) Partnering with peers or influencers to tackle a new project and/or extend your visibility. I have taught classes on platform, and the most common confusion I see across those seas of faces is how to clearly define what platform  is, so that those writers can follow some magical formula to get it. Its not a well-defined path. Here is my definition of platform: 1) Platform is you and your work and the magnetism it has on the public. 2) Add to that your ability to develop a reputation. 3) And finally add to that your ability to maintain a momentum, because platform isnt something you build and expect it to remain structurally sound forever. Platform is a long-term goal. Jane summarizes it as An ability to sell books because of who you are or who you can reach. Yes, thats spot on. But theres also an unspoken understanding that platform cant erode. Platform has no laurels to rest upon . . . you have to work with it every day to keep it alive and well.

Marketing Essay Example | Topics and Well Written Essays - 250 words - 1

Marketing - Essay Example secondary type). The survey results truly fit my consumption preferences. I love to have variety of fast-foods and spend heavily on energy drinks specially the vigorously-imaged brands: Red Bull and Mountain Dew. I am greatly involved in the purchases of sports wears and trendy clothes. I prefer football Toes and bouncy basketball shoes over the light-weight running shoes. Nike’s achiever image and Adidas’ trendy and cool image fits my outfit choices. My interest in outdoor sports, visiting adventurous parks and venues as hiking places, and downloading & purchasing wide range of videogames reveal my sports- and adventure- oriented lifestyle. I am a regular reader of sports magazines mainly Adventure Magazine and Sports Illustrated. In terms of media choices, I watch sports channels mainly NBA, FIFA and car racing sports. I profoundly watch music TV channels and listen to radio music. My purchases heavily involve tickets for cinemas and music concerts revealing my intere sts in fast music and entertainment. I seek gadgets with enhanced music features and advanced tools. I am fond of buying high-tech products including iPod, iPhone, MP4 players, DVDs and DVD players, and video cameras.

Why did the bank of England adopt a policy of inflation targeting in Essay

Why did the bank of England adopt a policy of inflation targeting in 1992 and how has the pursuit of inflation targeting been linked to attempts to make monetar - Essay Example Any government has the power to regulate the economy of the country and not only does it regulate the economy, it has a vital role to ensure that the economic condition remains stable. It is the responsibility of the government to ensure that all the aspects of economy maintain a stable level so that the country can grow and expand. Government regulates many things in an economy including inflation, exports and imports, prices of many vital commodities, and many important economic aspects. Government of England has entrusted the job of determining the monetary policy, in the hands of Bank of England. Bank of England looks into many other big issues. One of the most important issues is that of ensuring monetary stability in the economy, which can be achieved through a combination of stable prices of goods and services across the economy coupled with a low inflation level and level of confidence of the investors in the currency of the country. The Bank comes out with the monetary policy in order to ensure a certain key objectives like, delivering price stability with a low inflation level coupled with an objective to support the Government’s economic objectives of growth and employment. Price stability is taken care of, by the Government’s usual inflation target of 2%. There is a need to contemplate the crucial and critical role played by price stability in achieving the aforesaid economic stability, and in providing just the right conditions for a sustain able and longer living growth in output and employment. Chancellor of the Exchequer announces the Government’s inflation target every year in the annual Budget statement. Though The 1998 Bank of England Act enables it to set interest rates independently, however, The Bank does hold accountability to the parliament and the wider public, which can not be refrained from. The legislation provides the government the power to instruct the bank on the interest rates issues for a limited period

Document Analysis of Julius Caesar's The Gallic War Essay

Document Analysis of Julius Caesar's The Gallic War - Essay Example The Invasion of Britain The year 55 BC was Caesar's first attempt at invading Britain. It cannot be considered a complete success in the sense that after the excursion, the army went back to Gaul and Britain was not occupied. But from the Roman position, most assuredly from Caesar’s point of view, the invasion was a resounding especially when he already received the homage of British tribal chiefs and kings. This, undoubtedly, was the needed evidence to show how the territory has already been conquered as far as the campaign is concerned. This first foray, however, has provided Caesar a fleeting glimpse of the Britain and its societies. When they arrived, they found societies made up of large tribes and clans. Leaders of these groups were not averse to calling themselves kings even when all their constituents were an amalgamation of families and clans. In Caesar’s eyes we are provided some details about how the early Britons conducted their affairs. For instance, he fou nd this out for himself when he noted that the Cantii (people of Kent) have several kings from various kingdoms found in the region. Military Strategy The first campaign involved several skirmishes with the Britons. The Romans had achieved a certain degree of success. And there were several accounts that provided a clear idea about the Roman military strategy in Gaul. The Britons like their distant Gaul cousins are also tribal in the way they wage their war. They adopted the guerilla tactic, which, of course, proved ineffective in the long run. Caesar's legions were equipped and experienced in fighting in this condition. The soldiers had the benefit of Roman training, which produced the world’s first truly professional soldiers, those that considered their work as duty and responsibility, obeying the chain of command and are immune to external influence. Additionally, Caesar’s soldiers were already used to fighting similar strategies in their war with Gallic tribes. Th e long campaign in Gaul has equipped them with better understanding in regard to the most effective approach in dealing with their British opponents. Essentially, the strategy adopted in Britain was composed of two major components: the scorch earth strategy and the show of force. The former was adopted in response to the large British force. In addition, based from Caesar’s commentaries, the Britons also proved adept in stealth and treachery. So the strategy entailed the burning and destruction of fields and property and the plunder of supplies in order to deprive the opposition the resources to sustain their operations and weaken them in an effort to resolve conflict the soonest possible time. After a year passed, Caesar decided to lead another invasion and the campaign this time became a bigger conflict. The Romans and the Britons faced off in several bloody battles. The latter, of course, sustained the most damage since the training and discipline of the Roman force were unmatched. The poorly equipped British – though far superior in number – were still technically savages, too untrained, wielding rudimentary tools. The show of force was crucial in this campaign as demonstrated in the sheer number of Roman soldiers mobilized and the use of war machines and implements such as war elephants, which, of course, deterred much of the local populace. It is important to note

The Maori Religion And Rituals Of Various Cultures Religion Essay

The Maori Religion And Rituals Of Various Cultures Religion Essay This essay discusses the Maori religion and variety of culture of the indigenous Maori community. It also discusses the death rites and the rituals of various Maori cultures, for instance, the marriage, death and birth rites and rituals among others. Starting with the rich Maori religion Russell (2006) points out, that the Maori people believe in the existence of spiritual beings and a supreme supernatural being called lo. They believed that lo is only revealed to those who have reached a particular level of class preferable the most learned in the Maorisà ¢Ã¢â€š ¬Ã¢â€ž ¢ society. But all of them regardless of class or age believe in the existence of eight gods whose parents are called Rangi and papa. There is gods of the forests and the forefathers called Tane. There is the god of sea called tangaroa. There is the god of agriculture and peace known as rongo. They also have god of weather and god of the uncultivated food known as Tawhitimateo and Haumia respectively (Keith, 1980). The Maoris also have god for earthquakes that is called Ruaumoko .Their belief in the existence of darkness and evil makes them to believe in the existence of the god that caused the same known as Whiro (Russell, 2006). There is also a special god for war who is also responsible for the invention of the snares and digging sticks. On the other hand, each Maori tribe had a special god for war. The gods for war were useful when the tribes went for war. Apart from the war gods, each Maori family had family gods and spirits. The family spirits had their origin from the dead, abortions or miscarriages (Siers, 1976). In the Maori religion there is association with the visible symbols that has a natural phenomenon. These symbols are the rainbow, the comets, trees and even stones. Living creatures such as birds, fish and lizards also have a connotation in their religion. There is also carving of gods either from sticks or stones that are worshipped. The Maori have god families. Another important aspect of the Maori culture is on the death and funeral rituals. The dead body that is known as tupapaku is traditionally preserved and kept in a special meeting place called marae. The body has to stay for three consecutive days in this house and the body is never to be left alone even though the coffin is usually left open till the burial day. The mourning period is occasioned by wailings from the women and speeches are made in Maori language (Keith, 1980). Orupa that is the cemetery is adjacent to the marae. According to Siers (1976) those who view the body are required to wash their hands afterwards using water or bread that is usually at the exit In Maori culture the burial and funeral rituals of important people are carried with pomp as they believe that these people will send protective spirits afterwards. For example, the death and funeral ritual of a chief is characterized by immense decoration of the body using feathers. The skulls of the enemies are placed at the feet, while all the remains of the ancestors are put at the head. On the poles next to the body there is heads of the enemies. During the mourning period, relatives of the dead are not allowed to touch food using their hands but they are fed by their relatives, friends or members of the tribe. They just have to open their lower jaws and food tossed into it. In showing their sorrow people cut their bodies using shells and the profound bleeding is symbolic for the immense loss incurred by the bereaved (Russell, 1996). According to Keith (1980), on the burial day the chief have to be buried with all things that are valuable in the Maori community. He also points out that, the burial of the dead does not end with the first burial but there is the second burial known a secondary burial. In the second burial, the remains of the dead are removed from their primary burial place. These bones are then cleaned and painted with red ochre. The remains are then taken from village to village for a second mourning and later buried this time round in a sacred place (Keith, 1980). Another important culture among the Maori is the welcoming culture that is characterized by a number of rituals. This culture was called marae by the Maori people (Siers, 1976). During this ceremony women perform oratories called karanga. According to Keith (1980), the karangas are done in Maori language and these oratories are both educative as well as entertaining. Russell (1996) says that, after the karangas there are formal speeches from the host. These speeches are known as whaikorero. A song called waiata is sung by various groups immediately after the speeches. Gift giving is another important occasion during the welcoming culture. The gifts also known as koha are given out followed by karanga. Russell (2006) points out another symbolic ritual in the welcoming culture as the pressing of the noses, also known as hongi which is a sign of appreciation. To mark the end of the ceremony, a meal called hakari is usually shared (Siers, 1976) According to Keith (1980) the third culture with rituals in the Maori community is the marriage and wedding ceremony. In choosing partners members of the opposite sex can either choose their partners or the partners chosen for them by the elders. But the female can turn down the advances of the opposite sex by putting a mark on their forehead called atahu. Courtship generally varied in the Maori culture in that, some tribes simply proposed by capturing the potential bride. This tactics sometimes turn violent. In Maori marriage, adultery was heavily punishable. The punishment was in form of plundering the homes of the couple. Divorce was not ruled out. It was ritually carried out using water (Siers, 1976). The wedding usually takes place in the marae and during this ceremony a relative of the groom challenges the father of the bride to come forward for a fight. The father of the bride approaches the relative of the groom as if he is ready for a fight but instead stretches his hand and greets the challenger (Keith, 1980). Another culture of the Maori is the birth culture and the rituals that accompany it. Russell (1996) says that, the Maori women control the birth process but it is the midwives known as the tohunga who have control on the conception, abortion, birth and parenting. The women has to follow strict guidelines from the tohunga and during the delivery time, women deliver either in squatting or standing positions with minimal support offered on request. The Maori women either gave birth in an open place away from the main dwelling or in a temporary structure made for the same and were burnt at the end of it. This temporary structure was called whare kohanga or simply the nest place (Keith, 1980). The nest place was meant for high ranking women on their first deliveries. The placenta is usually buried. According to Siers there is an important ritual rite called tihe that is usually performed during child birth. It is a form of baptism that resembles the modern mode of baptism in Christianity. In most cases, there is chanting and singing to welcome the newborn baby. Gifts are also given out by the family members. Giving the Maori culture without giving the type of food, their economic activities, clothing and the traditional Maori culture will not make the discussion on the Maori culture, religion and rituals complete, therefore these aspects will be mentioned on the preceding paragraphs. Keith (1980) points out that, the economic activities of the Maori culture vary with the location. He says that they are hunters, gatherers, and farmers. They hunt birds such as pigeons, ducks, and rat among others. Those that live along the coastal lines hunt grubs, earthworms, fish, shellfish, and sometimes whales. The Maoris use dogs for hunting purposes and the Maori are said to be cannibals thus thy also survived through eating each other (Keith, 1980). Russell (1996) says that on art, the Maori has paintings and weavings mostly done by women. The indigenous Maori is characterized by group performance called kappa haka. There is also oratory that is authentic and has both entertaining and educative influence. The clothing is accompanied with tattooing of faces where women tattooed their lips and chins a method called ta ngutu. The tattooing was done either through piercing or pigmentation of various body parts (Keith, 1980) Siers (1976) says that in the traditional Maori culture, society is segregated into small villages called kainga. These villages contain members of one of more members of a tribe usually called hapu. The kainga varies in sizes depending on productivity and population density of the regions. There are also villages that are fortified called pa. Each village has a store called pataka where war weapons, fishing gear and preserved foods are stored. The villages also have well decorated houses called whare whakairo which were for indoor meetings and entertainment of guests In conclusion the rich indigenous culture of the Maori has been greatly influenced by modernity leading to some aspects being eroded. Has a result the Maori culture and religion has changed in the recent past (Keith, 1980).