Thursday, February 20, 2020

Outline how private banks and wealth management firms segment their Essay

Outline how private banks and wealth management firms segment their clients and outline the new approaches to client segmentation - Essay Example Attempts at segmenting the large number of clientele for institutions like Banks are bound to be laborious and costly. However, the rewards for such efforts are attractive enough to justify these efforts. Very often the segmentation exercises would throw up results that may be surprising and upsetting to the previous assumptions, (Maude, 2006). Segmentation, like a mirror, will show that the actual cost of servicing the highly valuable customers is far less in comparison to the rewards generated, and it will also show the behavioral patterns of those customers, which, in turn, will help to plan and implement balancing strategies that can optimize the results. The recent Global Financial Crisis has brought in its wake a few upheavals in the Banking and Financial Service Industries. The most significant of these is a total re-thinking on Customer service, particularly in the sector of Asset/Wealth Management Advice, where European Banks were, till recently, enjoying an advantage, (Reinartz, Krafft, and Hoyer, 2004). The entry of several new Financial Services Companies into this sector has caused the re-thinking on strategies even though the actual number of Asset Management Clients has expanded recently. In the competition for customers, the existing Client Segmentation has been side stepped and the admission threshold for Asser Management Service has been lowered. The emergence of new High Net Worth Individuals all across Asia and Latin America has added to the stress. The burgeoning new clientele has spurred the creation of many new innovative investment products and services targeting them. European Banks, reluctant to lose the strategic advantage they had enjoyed in the sector, are gearing up to face the competition from new entrants, including Retail Bankers and International Providers, (Landberg, 2001). Consolidation of some European Banks is a distinct possibility in the prevailing conditions. Small Boutique Banks with limited number of High Net

Tuesday, February 4, 2020

Writing Assignment # 1 Essay Example | Topics and Well Written Essays - 750 words

Writing Assignment # 1 - Essay Example question the article is trying to resolve is; â€Å"What are the issues and trends that HR professionals expect to have the most impact on shaping the field of human resource management in the next few years and the solutions HR professionals are using to prepare to respond to these trends?† (SHRM, 2013, P. 64). The most important information is the top ten trends that have been recurrent over the years. These serve as a starting point to acknowledge the challenges HR professionals are bound to encounter now and in the future hence be able to come up with measures to cope with challenges. The key trends that continue posing challenge to HRM include: High cost of healthcare, competitive global environment, complex legal environment and changes to laws, aging workforce and retirement of Baby Boomers, lack of skilled workers, economic uncertainty and volatility, and greater demand for work/life balance (SHRM, 2013, p. 4). Due to these trends, HR executives will face many challenges in future including retaining and rewarding best employees, succession planning, creating a corporate culture that attracts potential recruits, maintaining competitive edge in talent market as well as finding people with specialized skills (SHRM, 2013, P. 7). Myrtle (2015, p. 26) asserts that in some regions, over 60 percent of organizations face difficulties hiring workers with critical skills. In response to these trends, HR professionals are taking various actions. One of the actions being taken is recruiting, retaining and developing employees to bridge the skill gap. They are also embracing technology such as e-learning, use social networking sites for myriad of purposes such as recruitment, and ttechnology-based employee and manager self-service applications (p. 6). Legal compliance is also top on the agenda. The author divides the trends into four groups: demographics and society, economics and employment, science and technology, public policy and law. This is supported by Myrtle

Monday, January 27, 2020

Nestle and the food and beverages industry

Nestle and the food and beverages industry Nestle has strong corporate culture which is reflected by the company logo itself. The logo, Good Food Good Life which is always attached to its products is the main guidance for every activity within the company. Nestle believes that good food is the primary source of good health throughout life thus it always puts nutrition, health and wellness as the core of its business. The company tries to further develop and emphasize on these aspects. These three things Nutrition, Health and Wellness can be found in all Nestle products and in the company mission statement as well. Talking about the company culture which is related its people structure, Nestle has the culture of team focused and open door policy which become one of its corporate strengths. The company focuses on collectivism and performance orientation attitude to encourage employees to work harder (Ali et al, 2009). Strategic Purpose Mission of Nestle is to make better food so that people live a better life. There is an apparent relationship between this mission statement and the company logo. As what the company believes in, it strives to bring consumers foods that are safe, of high quality and provide optimal nutrition to meet physiological needs. In addition it also brings the vital ingredients of taste and4rrf4f5f5gt pleasure. Nestlà ©s corporate objective is to be the worlds largest and best branded food manufacturer, whilst ensuring that the Nestlà © name is synonymous with products of the highest quality (Nestle Corporate Objective, 2009). It shows that Nestle has achieved one part of its corporate objective which is to be the worlds largest manufacturer. This objective is related to another objective of Nestle which is the company wants to make sure that the product creates value that can be sustained over the long term for shareholders, employees, consumers, business partners and the national economies in which Nestle operates. The main concern of Nestle is to deliver nutritional value for the customers. Thats why in the website of the company, its clearly stated that Nestle is the worlds foremost Nutrition, Health and Wellness company. The CEO of Nestle, Paul Bulcke once said that the objective is to be recognized as the leader in the Nutrition, Health and Wellness and as the reference for financial performance, trusted by all stakeholders. The statement from the CEO is in line with the fact that Strategic Purpose isnt only concerned with what the organization should achieve but also who has influence over the purposes. In every organization there should be some people that have complex role in affecting the organizational purpose. These people are the stakeholders of the company. Nestle wants the stakeholders are well-served which is returned in the companys long term objective: to create sustainable value for its shareholders which require it to create the value for the societies at first place. 2.0 Industry Analysis The threat of entry At first glance, people may think that food and beverages industry is quite easy to enter. This is true if the consideration is only about the capital requirements. The capital requirement of entry is not high thus enable many parties to open their business in this industry. This opinion is also supported by the fact that many brands are occupying the shelves of supermarket or retailer. But if more factors are taken into consideration, the threat of entry for food and beverages industry is moderately high (medium level). The threat of entry is affected by many factors which are economies of scale, capital requirements, access to supply or distribution channel, customer of supplier loyalty, experience, expected retaliation, legislation or government action and differentiation (Johnson et al, 2005). For this industry there is no specific government legislation that governs the entry of new entrants. The fact is that there are many big players exist in this industry and they are at multinational level which means the retaliation is very great. These big players have broad product lines and they have global marketing strategy that those local brands are not able to compete with. These big companies also have an advantage in term of achieving economies of scale. They have more experiences to give them advantage in terms of cost, customer and supplier loyalty. Entering the food and beverages industry to compete with the big competitors such as Nestle wont be a wise decision unless the new comer has careful attention paid to the strategy. Nestle has the most important thing to retain its customers which is the brand name itself. In 2008, Nestle is one of the companies in the list of 100 Best Global Brand (Best Global Brands, 2008). Nescafe as one of the brand under Nestle was reported to have 13,056 million USD of brand equity. This shows how valuable the brand name of Nestle as the market leader in the industry which cant be imitated by competitors. The brand name is used to differentiate Nestle product from the competitors. Threat of Substitute Threat of substitute is high in the food and beverages industry. There are many substitutes available that might reduce demands for company in the food and beverages industry. To identify the threat of the industry, the company cant only look at close substitute. Threat can be assessed using price/performance ratio and extra industry effects. There is a tendency for food and beverages manufacturers to product broad range of products. These products may compete with one another to gain market share. It means that they become substitute for each other. For example Nestle Koko Krunch Cereal can be the substitute for Nestle Nesvita cereal drink since both of them are intended for breakfast consumption. Because Nestle is offering not all kinds of food and beverages, those unoffered kinds may act as the substitutes for the Nestle products. For example Nestle has coffee in its product lines which is Nescafe, the substitute for it can be the soft drinks which are not in the portfolio of Nestle. In this case the substitutes are also very broad. For certain food such as baby food, the substitute can be breastfeed which is free and offer same or higher value. Power of Supplier The power of supplier in food and beverages industry tends to be medium. The basis of Nestle products are agricultural raw materials such as milk, cocoa, and coffee. By referring to 3 factors that affect the power of supplier, only 1 factor can gives the supplier the power advantage which is the non-existence of forward vertical integration. Supplier power is increasing as many of the food and beverages manufacturer are not involved in agricultural raw material production and dont own or operate farms. Nestle, Cadbury, and Kraft are some of the examples. They rely on the suppliers to provide the raw materials. Nestle itself purchases agricultural materials in either raw or semi-processed form directly from farmers or via trade channels (Raw Materials, 2009). On the other hand, by considering the number of suppliers in the industry and also the switching cost, the dependency to a particular supplier can be reduced. The suppliers are not concentrated that enables the companies to choose the most appropriate suppliers. For multinational companies that have their operations in many countries throughout the world, if one supplier cant offer good price for the company, it can look for the other suppliers (can be in different countries). One issue for some companies is how to get the suppliers that can supply high quality materials as needed for producing high quality finished products. Switching cost from one supplier to another is not high. The bargaining power of supplier depends heavily on the strength of the companys brand. In this case, big companies such as Nestle can take advantage in bargaining. Small scale companies or local companies may feel that the power of supplier is higher as compared to the well-established companies. Power of Buyer Competitive Rivalry Food and beverages industry is a very competitive industry. This is affected by the other 4 factors discussed above. Its not too difficult to enter to this industry, the bargaining power of supplier and buyer are medium and threat of substitute is high. Some other factors also determine the intense of competition. The competitors are of roughly equal size which can make the competition even stiffer. They will attempt to gain dominance over another. For example Nestle and General Mills have joint ventured for breakfast cereal market. By having such joint venture these two companies instead of competing with each other they can gain better success (Jones, 2008). In overall this food and beverages industry has its own attractiveness to attract new comers to enter. Although from the 5 Porter results the industry isnt so attractive, it has its own set of appeal for the business party which is the growing opportunity (profit). If the new comers can have good strategy to penetrate into the market and know how to compete with existing companies, they can gain benefits in the competition. {draw:frame} Since Nestle is operating in world-wide market, the industry life cycle may vary among different geographical areas. In general food and beverage industry is at the growth stage of life cycle but for European market and non-European market they are at the different point of growth stage. Figure below shows the position of the food and beverages industry in the life cycle. Another reason for the difference is the demographic differences between the two different areas. A very important issue that makes European market is hardly to grow is regarding the population growth rates. As compared to other markets, the population growth rate is lower that makes the industry cant grow or generate higher profits for the market players. For food and beverages industry, the consumption is driven by the population growth. Slower population growth means the industry also grows slowly. The industry life cycle analysis is related to the Porter 5 forces. The relationship can be seen from the characteristics of the forces which vary for each life cycle stage. In other words the life cycle can be determined by looking at the 5 forces of the industry. As for the food and beverages industry, since its still at the growth stage the competition will keep increasing (intense rivalry) till it reaches maturity stage. One obvious fact is that in European and North America market the competition is stiffer as compared to the other markets. As shown in the curve before, these 2 markets are approaching the maturity stage while the other markets are just at the middle of growth stage. Nestle knows this thus it put more attention to the Asian market (Jones, 2008). The competitive rivalry is driven by the increasing number of new entrants. The power of buyers at growth stage isnt high but it will increase as the industry goes further in the life cycle. The main reason for this is because of increasing number of competitors to offer more products to the customers. In the Porter 5 Forces analysis it has been identified that the bargaining power of buyers is quite high already. This is because this industry is very broad and the companies can come out with many product selections. When the companies step into the maturity stage by sure they will have even more products providedto strengthen the companys brand. For example Nestle MILO has strong market share and remains a perennial favorite amongst Malaysia consumers. In order to further strengthening the brands image, the company added MILO GOLD to its product range. This was done to keep the consumers loyalty towards the product (Business Review, 2008). Reversely the power of supplier will be lower when this industry reaches the maturity stage. It is because the brand of the company will be more powerful when it enters to the maturity stage. As explained before the power of supplier is relative to the company brands. Currently since the food and beverages industry is still at the growth stage the power of supplier is medium. Nestle is an exception case. For Nestle whose brand is very strong, the power of supplier becomes lower. One proof to show that the power of supplier is low is the presence of Nestle Supplier Code. This Nestle Supplier Code establishes non-negotiable minimum standards that the suppliers must respect and adhere at all times when conducting business with Nestle (Nestle Supplier Code, 2009). The Code also helps in implementing the commitment to foster responsible practices in the company supply chain. It is used to ensure the responsible sourcing and supplier relationships that deliver a competitive advantage for N estle. Not all companies have capability to implement such thing. Suppose Nestle isnt a well-known company, it wont dare to have supplier code, instead it may have to listen to what supplier requires. A major barrier to entry for the growth stage is the learning or experience. Nestle and other companies have gained many experiences that allow them to achieve economies of scale. Pricing during this stage is also declining (lower than the introduction stage) and the profit is also increasing. Nestle and its competitors still have growth opportunity. Another proof to show this industry is still at the growth stage is more differentiated products are being introduced these days. The research center of Nestle is still striving to come out with innovative products and renovate existing ones. Before identifying the key drivers for change, the PESTEL analysis should be carried out. From the key factors in the macro-environment (PESTEL), there are 2 of the factors that influence food and beverages industry the most which are economic and social factor. These two are the key drivers for change in food and beverages industry. Demographic is also one of the factors that keep changing. The main factor within demographic that will impact the operation of the company is the lifestyle. As mentioned earlier, people are shifting to healthier life. The demand for food and beverages that dont fulfill this requirement cant stay long in the competition. But for Nestle this wont affect much since Nutrition, Health and Wellness has been the company focus for years. According to Johnson (2005) critical success factors are those product features that are particularly valued by a group of customers and therefore where the organization must excel to outperform organization. CSF can be related to the differentiation by the companies within the industry. There are 4 common forms of differentiation which can be used by the company which are: product attributes, price, support, and brand image. For the food and beverages industry the most critical success factor will be the product quality and innovation (Nestle: Global Strategy, 2009). It means that for the company to success in this industry, the product quality should be taken care the most while innovation process is also carried out. This is what Nestle has been doing so far. As mentioned before Nestle brand has been the symbol of quality. Innovation is said to be the critical factor because in this kind of industry the company should be able to come out with new ideas to keep pace with the changing customer preferences. Another critical success factor for the food and beverages industry is the healthiness of the products. This is closely related to the key drivers for change as discussed earlier. As people are very concern about their health, the healthiness of the food and beverages they are taking become a key determinant in their purchasing. Many groups of customer valued this healthiness issue thus allows Nestle to conquer big market share. Indirectly the brand image itself can be built from the product attributes thus brand is of the same importance with product quality in food and beverages industry. The company also needs to develop its corporate brand using CSR (Corporate Social Responsibility). Probably this factor is applicable for any industry in the business world. As Nestle is the market leader of its industry, by sure it has its own set of core competencies to deal with the critical success factors in the industry. All CSF is of Nestle capability which means it has the resources and competencies to cater all CSF. Without these competencies, Nestle cant sustain its position any longer. This core competency of Nestle has made the company reached the first place in the industry. Quality which is the most important factor for food and beverages industry has been so attached to the Nestle brand itself. Nestle knows that innovation and quality are the key determinants thus it transferred these competencies to the foreign market wherever it entered into (Nestle: Global Strategy, 2009). One of the innovations from Nestle which gives it first mover advantage is its nutrition labeling on all the products packaging. It was launched in 2005 and comprises three elements: Good to know, Good to remember, and Good to talk. These 3 labels can be found in all the Nestle products. There is another first mover advantage Nestle has which is becomes the first in the industry to offer a full range of chilled dairy products with No Artificial Coloring in 2008 (Business Review, 2008). Some examples of the products are BLISS Yogurt Drink, NESTLE Yogurt and YOCO Cultured Milk Drink. It was communicated under the Some Things are Best Left Natural communication campaign and received very positive feedback from consumers. Nestle also has competencies in leading and developing people (Roongrerngsuke, 2006). This is important since Nestle is operating worldwide. As the market in each country is different from the others, the company needs to adapt itself to the macro-environment accordingly. Nestle has the ability in adapting itself to local demand and cultural differences although it operates in global level. It uses local brands in a wide range of local markets and focuses on trying to optimize ingredients and processing technology to local conditions. Doing business in different countries means different ethical standards, different business expectations, and different cultural norms. One example to show Nestles ability in responding to local condition is when it penetrated to Nigeria, the company had to rethink its distribution method (operating a central warehouse) because the road system was poorly developed and much violence there. The global strategy must be backed up with the necessary financial and human resources and knowledge management should be introduced to spread information throughout the company (Nestle: Global Strategy, 2009). Nestle can take advantage of location economies to lower the cost of value creation thus it can achieve low cost position which will give the company even better market shares (Nestle: Global Strategy, 2009). The experience of Nestle itself also can help the company to sustain its competitive advantage in term of lower product price. For Nestle to sustain its competitive advantage shouldnt be a problem. This is due to the value and inimitable of the core competencies of Nestle especially for its corporate brand image and commitment. To achieve what Nestle has achieved so far is very difficult for the other companies. This requires long term experience and investment. The most important thing is that Nestle is aware of the intense competition and keeps improving itself so that competitors cant take over its position. For the nutritional labeling, it was protected by law and other companies cant follow the same thing. Another thing that enables Nestle to sustain its competitive advantage is the intangibility of innovation in Nestle and first mover advantage. Innovation has been the culture of Nestle and it cant be transferred to other parties. Furthermore with the presence of this competency, Nestle shouldnt be worry whenever there are any changes in the industry (macro-environment) especially when people life style change. The company still can come out with nutritious food and beverages to cater the demand of customers worldwide. 5.0 Strategic Directions and Corporate Level Strategies of Nestle Corporate level strategy is also dealing with the product diversity, international diversity, corporate parenting roles and management of portfolio (Johnson et al, 2005). It is strongly related to the strategic direction of the company. Nestle applied international diversity which means it differentiates its products based on the local market and competition. The example has been given in the chapter before which shows the Nestle ability in adapting itself to the local market. In selecting the corporate strategy a firm might refer to Boston Matrix, Ansoff Matrix or use a simple SWOT analysis to establish where the company is and in which direction it wishes to head. Below is the BCG portfolio matrix for Nestle SBU. The classification is based on the performance of the SBU (the profit it generated to Nestle). Most of the Nestle SBU is in the category of star. The SBUs in this category generate high profit for the companies. This is the main reason why Nestle can gain its number one in the industry. All its SBUs are generating profit. Nestle doesnt have any SBU in dog and cash cow category. Take example of Ice Cream SBU to show why its considered as star. Nestlà © Ice Cream registered double digit growth in 2008 (Business Review, 2008). The division continued to spearhead the market with even stronger brand awareness, which saw continuous and sustained brand building efforts even during lackluster market conditions. This SBU can come out with innovative products such as DRUMSTICK Techno, DRUMSTICK Retro ice cream and MAT KOOL Tangle, MAT KOOL Super Blaster and TROPICANA Plus ice confection. In the following years if the innovation is kept carried out, this SBU can still generate high profit for Nestle. Strategic direction or development directions are strategic options available to an organization in terms of products and market coverage (Johnson et al, 2005). There are 4 strategic development directions which are: protect/build, product development, market development and diversification. Nestle has done the 4 strategies. In recent years, the company has pursued a policy of expansion and diversification through acquisition and divestment to achieve a more balanced structure to the business. Product development is the main direction of Nestle and done by the company RD team. As what a director of Nestle said, renovation is to keep pace in the industry; company needs to change at least as fast as consumer expectation. Innovation is to maintain the leadership position; to move faster and go beyond what consumers will tell (Nestle SWOT analysis, 2005). These 2 strategies are intended for internal growth to achieve higher volumes. In 2005, Nestles ice cream business unit for the China Region launched 29 new products to attract more consumers having its quality improved (Nestle Attacks with New Products, 2005). As the multinational company, market development is also very important in order to increase the geographical area coverage. In this case Nestle is expanding the market by geographical area. Nestle expanded to Asia region as it saw good opportunity there. In some cases Nestle used joint venture to assist itself in entering into new market. As a multinational company, Nestle has done some sorts of international strategy such as joint ventures with Coca Cola and General Mills (Nestle SA, 2009). These 2 joint ventures still main for the food and beverages industry (this also can be the example of related diversification). Joint venture with General Mills is to form Cereal Partners Worldwide and joint venture with Coca-Cola is named Beverages Partners Worldwide. The main reason for Nestle to do the joint ventures for its market development strategy is to benefit from the traditional marketing expertise and distribution strength of Coca-Cola and General Mills. These 2 joint ventures also allow the companies to have their market penetration (existing product in existing market). Nestle has related diversification and unrelated diversification. For the related diversification, it can be seen from the wide product portfolio which encompassing baby foods, dairy products, chocolates, breakfast cereals, food seasoning etc. For unrelated diversification, Nestle did it by acquiring or joint venturing with other big companies. For example Nestle acquired Alcon Laboratories Inc. in Texas which is a pharmaceutical company specializing in eye care (Company Related, 2009). Another example of unrelated diversification is the joint venture with LOreal. Nestlà © and LOrà ©al have a close relationship dating back to a shareholder pact made in 1974. Nestlà © holds a 26.4% stake in the worlds largest cosmetics group. Whilst it is unlikely that Nestlà © will take over LOrà ©al in the immediate future, it could well do so in a few years (Nestle SA, 2009). For the future days, Nestle may still come out with market development, product development and diversification. Nestle with its RD team can come out with more and more innovative idea in developing the products and try looking for new market segment. The new market segments can be new geographical unit or based on demographic factor. However for the unrelated diversification Nestle shouldnt go to extensive. It is because the more extensive the unrelated diversification the lower the performance will be. 6.0 Conclusion Conducting industry analysis is very important whenever a company wants to enter into new market. Porter 5 forces and industry life cycle are have-to-do analysis before making decision. However for the existing companies especially large scale companies, they need to pay attention to the future changes that might happen in the industry because these changes will impact the operation of the company in the business environment. Nestle as the leader in the food and beverages industry has its own set of competencies that allow it to conquer the largest market share and left the competitors behind. The core competencies or strategic capability of the company should fit what the most influential factors in determining the success of the company are. It means that the core competencies should be able let the company to sustain its competitive advantages. Portfolio matrix assists the company in determining how to allocate the investment based on the SBU. By understanding this, the company knows the direction it should go. This is related to the issues of market penetration, consolidation, product development and diversification.

Sunday, January 19, 2020

Diego Rivera Essay -- Visual Arts Paintings Art

Diego Rivera Diego Rivera he is a Mexican painter who produced murals on social themes and who ranks one of my countries greatest artists. He was born in Guanajuato and educated at the San Carlos Academy of Fine Arts , in Mexico City. he studied painting in Europe between 1907 and 1921, becoming familiar with the innovative cubist forms of the French painter Paul Cezanne and Pablo Picasso. In 1921 Riviera returned to Mexico and took a prominent part in revival of mural painting initiated by artists and sponsored by the government . Believing that art should serve the working people and be readily available to them , he concentrated on painting large frescoes, concerning the history and social problems of Mexico, on the walls of public buldings.His works during 1930s included ...

Saturday, January 11, 2020

To Tax or Not to Tax

To Tax or Not to Tax: The Problem of America Money, like a cookie, is something everybody wants, and when it is gone a person blames everybody else for its absence; realizing later they were the one to consume it in the first place. Taxes, since the beginning of an organized economy, have been argued over for centuries. At the end of 2012 after surviving the â€Å"end of the world,† tax payers were faced with another apocalyptic situation, the Fiscal Cliff.It had the potential to raise taxes to outrageous rates, and despite the dismissal of the Cliff, the issue had just been pushed onto the back burner of the economy and will be readdressed later this year. On one hand, by keeping low taxes the state is unable to create a sufficient amount of money to pay off its debt. Instead, many people argue that by raising taxes the increased prices of items will actually harm the nation’s economic recovery (Russell).Taxes should be increased because facing the national debt is ine vitable and the country is will be unable to recover from the mounting debt until it’s citizens help bring it back from its economic grave. Taxes are directly connected to the economy of a nation, and due to this many people argue that the government needs to cut spending on government programs that are causing the debt to increase. Yet, it was revealed that automatic budget cuts were part of the Fiscal Cliff, and would have saved $109 billion in federal spending on defense and non-defense programs alike. â€Å"President To Make Argument For Fiscal Cliff  Plans†). Ironically, people argued that the government needs to cut, but as it was revealed that is exactly what the cliff was aiming to do. The Fiscal Cliff could have cut unnecessary costs causing the debt to lessen, and in turn reduced swollen deficits (Dixon). This reduction can decrease the debt but even with the removal of these programs the large debt the nation has would be unable to be quickly and efficient ly taken care of at current tax rates.This proves that cutting costs can not solely help the economic situation. Despite this, the resulting chain reaction caused by cutting certain budgets benefits the United States overall because it organizes the spending of the nation and can prevent unnecessary costs. By going over the Cliff, one possibility is that the nation could fall into a recession. Yet, the government discussed the possibility of raising taxes on the rich to make up for taxes that could be placed on the middle class.Economists, who have analyzed the possible effects of going over this â€Å"cliff,† argue that this would result in preventing the economy from completely going over (Cohen). Although, taxes will have to be raised on everybody anyways due to newly enacted health care programs. This tax raise is justifiable because these new programs are meant to help citizens but it is unlikely for things to come without a price, â€Å"though the people support the go vernment; the government should not support the people,† (Cleveland).This plan to raise taxes by 39% is actually an advantage for tax payers because it will be made permanent meaning that after families adjust to the new income amount they will receive, after taxes have been removed from the overall amount, they will not have to worry about being faced with another scramble to extend tax policies in the future (Ohlemacher). The certainty this can provide families with a regular tax plan they can adjust to without major changes in the future. The economic world can be both a clam sea and a brewing storm, although with a consistent tax plan tax payers will be able to comfortably sail this reliable ocean.Often, before acting, one looks to the examples of others for guidance; for the mistakes of others will not be theirs. Britain has remained the main nation America looks at when discussing politics and this was proven no different when discussing economics. Conceders have argued that raising taxes would not fix anything, as proven by the British example. In 2010 Cameron took office, axing the government’s budget, a potential plan in the Fiscal Cliff, yet the gross domestic product is below the level it had been at when Cameron had started (Brown).This comparison proves inaccurate because governments are individualistic and many factors, such as the executives chosen in the government and the differing economies or markets in each country, could affect the result of certain decisions. Britain’s ailment is specifically due to a lack of demand not of supply, Adam Posen, a specialist in British economics, argued, and the U. S. cannot be properly compared to the parliamentary government of Britain (Brown). If the government was to raise taxes it is not guaranteed that it would result negatively on the economy as a whole.Actually, by raising taxes the nation is being given a chance to reform the tax code and broaden the base in the future (Cohen). A trip to the drawing board of economics combined with an on the dot tax plan could revolutionize the economy of America instead of resulting in disaster as many people against the raise in taxes have argued. To tax or not to tax; that is the problem. Despite arguments for a decrease in taxes it is clear that if the government ignores the demand for money to appease the increasing debt then the economy will fall into a harsh depression that will become harder to fix.Citizens put their safety in the hands of the government, they put their children’s safety in the hands of the government, they put their education in the hands of the government, and they put their money in the hands of the government. Why then can they not put their trust? Taxes should be raises so that the deficit does not increase to a larger rate. It is time to start refilling the empty bank of American. Works Cited Brown, Abram. â€Å"The Argument Against Fiscal Cliff Austerity: Just Look At Britain's Mess. â€Å"Forbes.Forbes Magazine, 24 Dec. 2012. Web. 24 Jan. 2013. Cleveland, Grover. Quote – Though the People Support the Government; the Government Should Not Support the People†¦ on Quotations Book. N. p. , n. d. Web. 16 Feb. 2013. Cohen, Tom. â€Å"Fiscal Cliff: What Isn't Said Tells More than Actual Words. †Ã‚  CNN. Cable News Network, 07 Dec. 2012. Web. 24 Jan. 2013. Dixon, Kim. â€Å"Analysis: â€Å"Fiscal Cliff' Deal Called a Dud on Deficit Front. †Ã‚  Chicago Tribune. Chicago Tribune, 01 Jan. 2013. Web. 24 Jan. 2013. Dubay, Curtis S. â€Å"Send This Report to a Friend.   The Heritage Foundation. The Heritage Foundation, 9 Jan. 2013. Web. 24 Jan. 2013. Ohlemacher, Stephen. â€Å"Fiscal Cliff Deal Will Raise Taxes On 77 Percent Of Americans: Tax Policy Center Analysis. †Ã‚  The Huffington Post. TheHuffingtonPost. com, 02Jan. 2013. Web. 24 Jan. 2013. â€Å"President To Make Argument For Fiscal Cliff  Plans. †Ã‚  Breaking News for Bla ck America. News One, 27 Nov. 2012. Web. 24 Jan. 2013. Russell, Don. â€Å"A Clear Concise Look at the ‘Fiscal Cliff' Controversy. †Ã‚  Examiner. com. Examiner, 4 Dec. 2012. Web. 24 Jan. 2013.

Friday, January 3, 2020

Evolution of Hip-Hop - 1215 Words

Evolution of Hip-Hop From where it started to where it is now, Cuban hip-hop has transformed greatly. Without the United States, hip-hop in Cuba certainly would not be where it is today. The United States is the hub of hip-hop and helped to jumpstart hip-hop in Cuba. While this is true, hip-hop in the United States completely differs from that of Cuba for the better. Even though hip-hop in Cuba did not start from much, the amount of development and influence this music has towards Cuba is immeasurable. Around 1970, 44 years ago, hip-hop emerged in the West Bronx of New York. The culture of hip-hop incorporates many aspects besides just the music itself, such as DJing, graffiti, breakdancing, and urban fashion. Hip-hop mainly started from DJ’s separating the break in rock, funk and other types of songs, as well as the MC playing a major role in the development of hip-hop. In between the songs that the DJ was playing, the MC would speak in between the songs, make jokes and many other actions in order to get the crowd riled up. This eventually led up to the practice of hip-hop to become more conventional, resulting in the forming of hip-hop. Kool DJ Herc did all of this in 1970, who is believed to be the one who started the emergence of hip-hop. At first, DJ Herc would deliver rhymes over reggae track; however, this did not engage people’s attention enough. Because the people were not engaged, DJ Herc had to find another way to satisfy the audience, which came from himSh ow MoreRelatedThe Evolution Of Hip Hop / Rap Essay1544 Words   |  7 Pagesthe reader on the evolution of Hip-Hop/Rap. The key points will be where it is today, how this genre of music is not only used as music; but is used as communication to connect with the listeners, how it affects people; physically, mentally and psychologically. In other words, I will be addressing where it was created and how it is used to speak and communicate with the listeners. This genre dates back hundreds of years ago, when African-Americans were enslaved, when rap and hip-hop were known as theRead MoreHip Hop And The Music Genre927 Words   |  4 PagesWhat is Hip-Hop? According to Encyclopedia Britannica, Hip-Hop can be delineated as a music genre consisting of a stylized rhythmic music that commonly accompanies rapping, a rhythmic and rhyming speech that is chanted.1 Originating from a disparaged subculture in the South Bronx and eagerly spreading through other sectors of New York City during the 1970’s, Hip-Hop evolved from formerly being a relatively fraudulent style to currently being a commercialized and disseminated music genre among diverseRead MoreHip Hop Is A Genre Of Music1192 Words   |  5 Pagesdifferent places and different nationality. Hip hop is a cultural movement that emerged in the 1970s in the United States among Latin Americans, Jamaicans and African American that aimed to protest the social conflicts and violence suffere d by the lower classes of urban society. Hip Hop is a genre of music that has significantly grown the last couple of decades. Since the music hip pop stems from the historical conditions by different nations, hip hop became a symbol for both characteristics andRead MoreHip Hop Is Not Going Anywhere1545 Words   |  7 PagesSince Old School’s Hip Hop conception, the genre has gone way beyond what the genre’s originators could have imagined. Each period since the founding of Hip Hop has added to the evolution of the culture and have altered it into something that is more than just a hobby, but a mindset and a part of life that cannot be separated from many different cultures globally. In 1977, popular Hip Hop MCs and Djs lived in poverty in New York and in 2016 artist like Sean Combs, Dr. Dre, and Jay-Z are worth $2Read MoreThe Evolution Of Music Throughout History934 Words   |  4 PagesThroughout history, music has and will probably always be at the heart of almost every culture. The evolution of music can be compared right along with the evolution of man and the beliefs in his era. This idea is very apparent in the articles â€Å"Minstrelsy†, â€Å"Johnny Rebel and the Cajun Roots of Right-Wing Rock†, and â€Å"Black Women and Black Men in Hip Hop Music: Misogyny, Violence and the Negotiation of (White-Owned) Space.† In â€Å"Minstrelsy† from â€Å"Encyclopedia of American Studies† it explains partRead MoreYouth Cultures ( Educ 817- 001 )908 Words   |  4 PagesDr. Andorful In order to prove that the Hip-Hop culture’s beliefs and goals have changed, I am mostly going to rely heavily on the culture’s music. Hip-Hop music has been the voice of the Hip-Hop culture since the beginning. It has been an outlet for those in the Hip-Hop culture to vent. To understand the changes in beliefs for the culture of Hip-Hop I must first distinguish what the original beliefs were. Then I must look at Hip-Hop music now to compare and contrast. This must be doneRead MoreThe History of Hip Hop Music and Its Transition to Popular Music905 Words   |  4 PagesHip hop has multiple branches of style and is a culture of these. This essay will examine Hip Hop from the point of view of the following three popular music scholars, Johnson, Jeffries and Smitherman. It will delve deeper into their understanding of what hip hop is and its relation to the different people that identify with its message and contents. It will also identify the history of Hip ho p and its transition into popular music. In particular this essay will focus on what hip hop represents inRead MoreThousands Of Rappers Are Inspired By The Instant Fame And1649 Words   |  7 Pagespopped were mostly cherry-picked by top music executives, now they are determined directly by the listener and by popular opinion. Granted, the two periods I am discussing both benefited from the fruits of the internet, but the current generation of hip-hop artists have just expanded on the foundation built by those who made music around the turn of the decade. It provides both challenges and value to artists today, but regardless, if you’re hot, you’ll be heard. All throughout music, especially digitalRead MoreHip Hop Culture823 Words   |  4 Pages I am Hip Hop. Hip Hop is my culture. â€Å"At heavens gate, saying please Lord let me in, Or send me back to tell my people to be better men, Cause we are - Misunderstood, Misunderstood, Dont let me be misunderstood, Im just human (Common)† Hip Hop is not just music, it is a way of life. It is a spiritual connection we share with everything. It is being one hundred percent true, original and organic with oneself. Its the way one acts with others and with oneself. It is self-love, self-knowledgeRead MoreEssay about Hip-Hop1452 Words   |  6 PagesHip-Hop When you hear the phase Hip-Hop what do you think of? Music, Dancing, Rapping? Well, its all of that and more hip-hop is a culture. According to Websters dictionary, culture is defined as the concepts, habits, skills, arts, instruments, institutions, etc. of a given people in a given period; civilization. One artist defined hip-hop as a set of expressions in vocalization, instrumentation, dancing and the visual arts. More specifically, hip hop is a combination of graffiti, breakdancing

Thursday, December 26, 2019

Feminist Waves What Does the Metaphor Mean

Beginning with a 1968 article titled Second Feminist Wave by Martha Weinman Lear in the New York Times Magazine, the metaphor of waves was used to describe feminism at different points in history. The first wave of feminism is usually assumed to have begun in 1848 with the Seneca Falls Convention and to have ended in 1920, with the passage of the Nineteenth Amendment giving American women the vote.   While early in the movement, feminists took on such issues as education, religion, marriage law, admission to professions and financial and property rights, by 1920 the major focus of the first wave was on voting.   When that battle was won, womens rights activism seemed to disappear. Women’s Suffrage: What You Need to Know The second wave of feminism is usually assumed to begin in the 1960s and run through the ERA deadline of March, 1979, or the extended deadline in 1982. Second Wave Feminism: 1960s and 1970s But the truth is that there were feminists -- those who advocated womens advancement towards equality -- before 1848, and there was activism between 1920 and the 1960s on behalf of womens rights.   The periods from 1848 to 1920 and during the 1960s and 1970s saw more focus in such activism, and there were backlashes from 1920 – 1960 and starting in the 1970s, which lend some credence to the image of waves cresting and then the water falling back. Like many metaphors, the â€Å"waves† metaphor both reveals and hides some truths about the women’s rights movements.