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Many people think that they are not college material when struggling the first couple of years. Not being able to set their goals and know what they want to be could be very frustrating for them. College helps you figure out who you really are and who you want to be. Not all college students will know exactly what they want to study after high school, not all college students will know during college. By exploring different classes and careers you will find out what makes you happy. Happiness varies from person to person. For one person having a career they love will bring happiness, for others money is the only means of their happiness. Happiness comes from the persons standards and goals a person has set for themselves. Happiness is reached when goals are accomplished or are on pursuit of being achieved. When in high school most students are trying to personally develop on who they are. Once they are in college they start to develop personally on whey will be, and what they plan on doing for the rest of their lives. I like many students did not know what to do out of high school, I wanted to go off to college with my friends but my parents had other plans. They knew I was not ready for a four-year college. They knew me better than I knew myself, if I had gone straight to a university I would have made the same mistakes I made here at Imperial Valley College. My first year here at IVC I had no interest in classes, I was mostly interested in hanging out with my friends. It took me a year and a half of messing around to figure out what I wanted to do. When I had a moment of enlightenment on my future it was in my elected human relations class. During the semester we would visit the career center often searching professions that are available. There was a program that we would use called Eureka that was like an assessment test on what might like to do as a career. It would ask an endless number of questions on your likes and dislikes. You would input on what goals you might have for yourself such as how much money you would like to make, how many hours you wanted to work, and what kind of settings you would work in.

Different stakeholders Essay

D1: Evaluate the influence different stakeholders exert in the organisation. Introduction Each stakeholder is important to the business, however, some are more important than others. I have chosen the top three that I think are the most important and in this word document, I will evaluate how these stakeholders influence the NHS and McDonalds. McDonalds Owners The owners are very important in McDonalds, because they’re the people that invest in the business and make sure that it runs smoothly to be able to give a good service and provide the customers with high quality food. They have to make sure that the each of the fast food restaurants are kept clean and designed well, to attract the customers and make them enjoy their time while having their food. This brings more costs with it; therefore the owners have to make sure that they have enough money when investing more money into the restaurants. They also have to make sure that McDonalds is fully equipped to be able to prepare the food that’s on the menu. When hiring new members of staff, they have to follow the procedures to make sure that they do it correctly. The people that they hire need to be suitable for the job and meet all of McDonald’s requirements and if failed to do so, it could have a big impact on the business and its overall success. Owners also need to make sure that all of the rules and regulations are followed so they don’t get into trouble for going against the law. If any of their employees don’t follow these rules, they are the ones to deal with it. The owners are in control of finance of the business and it’s budgeting. They need to make sure that the money is divided equally and controlled as it’s very easy to fall into debt but harder to get out of it. However, the owners don’t deal with everything themselves as their restaurants are all over the world; therefore they have their trusted people that deal with most of the issues that they don’t have time to deal with. For example, these people working for the owners have a high position within the business and they’re in charge of staff and the way separate restaurants are run. They have to motivate the stuff so they can be happier and enjoy their job more to provide a better quality service to the customers and this way improve the reputation of the business and help to make more profit as happy customers  are most likely to return to McDonalds repeatedly. Employees Employees working in McDonalds have to be well-trained to be able to prepare all of the food and serve the customers in the way that meets their expectations. Without staff, the restaurants wouldn’t be running because there would be no one to serve the customers and it’s not like McDonalds is a small family-run business so the owners could just do all the work themselves. There are many different departments within McDonalds and people are trained for different job roles but they still work together as a team to create overall business success. Employees also have to meet all of the customers’ expectations, whether that’s when preparing their food or serving them. They have to be friendly, patient and caring. The customers’ satisfaction should be the most important to them. However, they want to work in good working conditions and they want to know that they have a secure job, so the employers must make sure that they provide them with these. They might also expect a decent pay considering their job role consists of being on their feet during their shift and keeps them very busy. They can’t expect the pay to be too high at the same time because working in McDonalds doesn’t require any previous experience as full training is given and there’s no particular education expectations that the employees need in order to work in this fast food restaurant. Customers Customers in McDonalds are important, that’s why they’re in the top 3 in terms of how important they are to the business. They are the ones eating the food that McDonalds provide and in return they want to receive a high quality meal for a good price and they want to receive a good service when having their meal. If the business didn’t meet all of these expectations and they would give the customer sub-standard food, the customers might decide they don’t want to visit the restaurant again and it will affect the long-term profit that the business makes, it will also affect the reputation of McDonalds, therefore other customers might behave differently and have a negative opinion on it. The customers might chose to use other fast food restaurants such as Subway, KFC or Burger King who are a competition to McDonalds and it will affect its market share. Customers have an influence on the food that’s served in McDonalds, the quality of it and its price. To be able to charge low prices, the fast food restaurant might have to accept a low profit margin on their products. To be able to prepare high quality food and serve them in the right way, they might need to spend a lot of time and money to train the staff. It’s essential to meet the needs of customers in McDonalds if they want to carry on being a successful business and achieve their aims. NHS Government The government finances NHS, therefore without it, the service couldn’t be provided for free and some people could be affected by that as they might not have the money to pay for expensive health services and their health would be at risk. They are the ones to make sure that everything runs smoothly so a high quality service can be provided. They have to make sure that the NHS has all of the equipment needed to provide the service, that enough staff are hired to carry out these services and that they have the right qualifications and experience. The government needs to make sure that people working for the NHS are not over-working because they have a hard job as it is and they’re taking care of patients, so if they don’t have enough rest, they won’t be able to give a high standard service . Employees The employees in NHS are nurses, doctors and admin staff, all working in hospitals. These people have to have previous experience and they also have to have the right qualifications because they’re dealing with serious matters which is other people’s health, therefore they will want to work in a good environment, have a secure job and receive a good pay. These requirements will have an impact on the business because to be able to provide a good working environment, they will have to invest more money into it for example giving staff longer breaks or making sure that the working conditions are good. Also, high rates of pay will affect the finance of the business; however, if the staff doesn’t receive enough money for their job role, they might not be motivated to work. This will affect the way the business operates and gives out a service because it wouldn’t be a high standard. This would change the public opinion on NHS and then they would expect more from the government if their needs weren’t satisfied and  therefore, the government would have to invest more money in the NHS. The employees have a big impact on the service that is given out to the general public. Patients Patients are very important in the NHS because the NHS basically exists for people. If no one used their services, there would be no point of this existing because it’s a free health service provided to people that simply can’t afford it. If no one used the NHS services, the government would just pointlessly spend money on something that isn’t needed. However, when the patients decide to use the NHS, they have certain expectations that need to be met. They want to be treated equally and receive the health service they really need, whether it’s something simple or more serious. They are not expecting to pay for any help that’s given to them, they want the doctors and nurses to be friendly and helpful and they also expect the overall place to be in a good condition and atmosphere to be friendly and comfortable. The patients can give feedback after they have received a service, whether it’s to the company itself or whether it’s to family and friends who can then enjoy the use of the service too and make it more popular. The patients are also the ones who influence the products and services that the NHS provides because these need to be suitable for the patients themselves and meet their needs and requirements. Summary There are many different people working in different areas and departments of McDonalds and each of these groups have an effect on the company and how well it’s doing. Some of these stakeholders work together to achieve a mutual aim, whereas others work individually to achieve their own. There are also groups of stakeholders who don’t agree with each other and there are some opposing interests between them, therefore the business needs to be ready to resolve these differences. Overall, I think the owners, employees and customers are the most important stakeholders for McDonalds, because without them, the business simply wouldn’t be running or they wouldn’t be able to achieve success. If the owners of McDonalds didn’t invest enough money into the business to make it appealing to its customers and they didn’t hire the right employees who would meet the customers needs and expectations, the business wouldn’t be successful overall and they wouldn’t  be able to expand like it has. The most important stakeholder for the NHS is the government because they are the ones who are in charge of the NHS and they fund them. Without the money that the government invests in the NHS, they wouldn’t be able to provide patients with free health service and therefore the patients might not be able to afford healthcare. The employees such as doctors and nurses are very important because the NHS needs experienced people to work for them and to provide the service to their patients but also meet their business aims.

Evolution vs. Creation Essay - 915 Words

Don’t Monkey Around in Class nbsp;nbsp;nbsp;nbsp;nbsp;â€Å"In the beginning, God created the heavens and the earth† (Gen. 1:1). Words of this nature have been questioned for thousands of years—by naturalists, materialists, humanists, etc.—and, in more recent times, have led to court cases, heated arguments, and public debates. The major debate intended to be covered in this piece is that of whether or not evolution should be taught in classrooms. Also, if it is to be taught, should it be taught as fact or theory? It is also intended to present enough evidence to disprove evolution altogether and, as a result, make it much less than a theory, but actually the vain opinions of a man who chose not to accept the truth.†¦show more content†¦Organisms either appeared on the earth fully developed or they did not. If they did not, they must have developed from preexisting species by some form of modification. If they did appear in a fully developed state, they must indeed have been created by some omnipotent intelligence† (qtd. in Gish). Furthermore, if evolution were true, â€Å"there would be countless fossils of transitional forms†¦., millions of fossils showing various stages in the gradual transition of kinds of organisms into different kinds†¦., and ‘missing links’† (Parker, et al, 367). â€Å"Charles Darwin himself recognized this problem: ‘The number of intermediate varieties, which have formerly existed, must be truly enormous. Why then is not every geological formation and every stratum full of such intermediate links? Geology assuredly does not reveal any such finely graduated organic chain; and this, perhaps is the most obvious and serious objection to the theory† (Parker, et al, 367). Darwin’s doubts, however, do not stop there: †To suppose that the eye†¦could have been formed by natural selection, seems, I freely confess, absurd in the highest possible degree† (Parker, et al, 381). Also, with respect to transitional forms and the fact th at the animal must be alive and fully functional during any change, he says, â€Å"If it could be demonstrated that any complex organ existed, which by numerous, successive modifications, my theory would absolutely break down. Gregory Parker’s text alsoShow MoreRelatedControvery of Creation vs. Evolution in Inherit the Wind, by Jerome Lawrence and Robert E. Lee624 Words   |  3 PagesIn Inherit The Wind, by Jerome Lawrence and Robert E. Lee, is about a big trial in a small town, and a controversial Creation versus Evolution debate. There are many characters with flamboyant and powerful personalities. Among them are: Matthew Harrison Brady, and Henry Drummond. Although all of these influential people are powerful, not all of them have the same amount of power, not only over other people, but over themselves as well. Matthew Harrison Brady is a very powerful, and revered man atRead MoreCreation Vs. Evolution : Creation Versus Evolution2016 Words   |  9 PagesCreation vs evolution Creation vs. evolution has been a very large debate for a long time. People have been debating whether or not evolution was fact or fiction ever since Charles Darwin published his theory of biological evolution in 1859 in his book, On the Origin of Species by Means of Natural Selection, or the Preservation of Favored Races in the Struggle for Life, or as it is most commonly known On the Origin of Species. There are several different people in the world, each person having theirRead MoreEvolution Vs Creation Vs Evolution1395 Words   |  6 Pagescame first; the chicken or the egg?† Both evolution and creation make excellent counter-arguments against one another about how Earth came to be, and have also been argued against one another for many years. This paper will contain the topics of comparing evolution and creation; these topics are that they are both based on theories, Earth was one big continent, and natural selection. Along with those topics, there will be contrasts betw een evolution and creation; these topics will include chimpanzeesRead MoreEssay on Creation vs. Evolution1348 Words   |  6 PagesCreation vs. Evolution Ever since the publication of Charles Darwins The Origin of Species was published there has been an ongoing debate between science and religion. Scientists have formulated many theories as to the origins of man and to the creation of the earth, whereas religious groups have one main creation theory, based on the Genesis story of The Bible. These theories, however, are not the cause of the debate because the different theories are simply myths meantRead MoreCreation vs. Evolution Essay1147 Words   |  5 Pagesscientists would have people to believe that evolution is the only reasonable explanation of the universe. Scientists, like Stephen Hawking, claim that they have proved that evolution is the correct answer to the origins of life and the universe, yet evolution is still a theory. This problem occurs because evolution is not the only answer. In fact, the creation theory offers a more feasible answer to the origins of the universe than the evolution theory does. Creation has the backings of the Bible, an extraordinarilyRead MoreThe Creation Vs. Evolution Debate1017 Words   |  5 PagesThe creation vs. evolution debate is a question of origins. How did we get here? Were we created or did we evolve randomly? Are we the product of purposeful intelligence or are we merely the end result of countless cosmic accidents? What does the evidence say? Well in this paper I am writing in re gards to creation and what I learned and what I believe that is true evidence that God was the one that created us in his image, so here we go. In genesis 1:1 its tells us in the Beginning God created theRead MoreCreation vs Evolution Essay754 Words   |  4 Pages nbsp;nbsp;nbsp;nbsp;nbsp;There are two different beliefs of how everything came to be. One is creation. Creationalists believe in what the Bible says which is that God created everything. Another is evolution. Evolutionalists believe that there was a quot;big bangquot; which brought forth everything. In this paper, Im going to give the arguments that prove evolution wrong. nbsp;nbsp;nbsp;nbsp;nbsp;One of the main things that evolutionalists have a problem with is time. They say thatRead MoreEvolution Vs. Creation Essay1654 Words   |  7 PagesEvolution! The theory that every living organism has come from a lesser organism. A theory that claims humans have come from monkeys. This theory, is what’s being taught to our children in school. If a child asks a teacher about the theory of Creation, they are sure to get a response like, I’m not allowed to answer that question, or something along those lines, because schools are not allowed to teach on religious subjects. I guess schools think that evolution is the next best thing. I believeRead More Creation vs. Evolution Essay3066 Words   |  13 PagesCreation vs. Evolution Since the publication of Darwin’s Origin of Species in 1859, there has been a continuous debate in the United States regarding evolution and creation. Recently, this debate has intensified throughout America over the issue of whether or not to include creationism in the public school curriculum either in conjunction with evolution or as a replacement for the theory. With such a volatile subject being argued, there are other issues that are brought up at theRead MoreThe Creation Vs. Evolution Debate1017 Words   |  5 PagesThe creation vs. evolution debate is a question of origins. How did we get here? Were we created or did we evolve randomly? Are we the product of purposeful intelligence or are we merely the end result of countless cosmic accidents? What does the evidence say? Well in this paper I am writing in regards to creation and what I learned and what I believe that is true evidence that God was the one that created us in his image, so here we go. In gen esis 1:1 its tells us in the Beginning God created the

NCAA Should Be Paying The College Athletes - Free Essay Example

Sample details Pages: 2 Words: 540 Downloads: 1 Date added: 2019/05/30 Category Career Essay Level High school Topics: Should College Athletes Be Paid Essay Did you like this example? The NCAA is really Fd up said Ben simmons per espns Myron Medcalf. For a couple years now people have been debating whether or not the National Collegiate Athletic Association (NCAA) should be paying there college athletes. While seemingly operating in a purely professional atmosphere, the NCAA continues to endorse an amateurism concept in college athletics says John Acquaviva and Dennis A. Johnson of the sports journal. We need to pay our college athletes because it gives them what they deserve and supports them and their families. As of 2017 the average Division I player is worth $170,098 per year with the 351 Division I basketball programs taking in more than 4.5 million in revenue on average each year, states the huffington post. That means the Division I basketball players are worth 26% of their teams total income per year. According to forbes The NCAA currently produces nearly $11 Billion in annual revenue from college sports more than the estimated total league revenues of both the NBA and the NHL. So if college sports are worth more than professional sports why are there athletes not making a single dollar while the average athlete in the NBA makes $6.4 million and the average NHL athlete makes $2.4 million. Don’t waste time! Our writers will create an original "NCAA Should Be Paying The College Athletes" essay for you Create order According to the National College Players Association 86%, 86% of all division one college athletes live below the poverty line. So while these schools are making millions these athletes are starving and struggling for money.The Washington journal called the athletes lifestyle worse than indentured servitude. Just ask former Uconn menrs basketball player Shabazz Napier who as quoted by the huffington post said We do have hungry nights that we dont have enough money to get food in. Sometimes money is needed.I feel like a student athlete. Sometimes, therers hungry nights where Im not able to eat, but I still gotta play up to my capabilities. So if the NCAA expects these kids to go out and play to their full capability why not give them the money to feed themselves and keep them healthy. And if your not going to do it for the players at least do it to help their families who struggle everyday to live a decent life. This struggle forces athletes to leave early to go to the prors to help themselves and their families. People who oppose my argument may argue that the athletes are getting paid by scholarship to go to college but this is not true. According to the sports journal Today, the full ride scholarship can only include tuition, fees, room, board, and books. However, even with a full scholarship, an athlete will have to pay somewhere between $8,000 and $12,000 out of pocket to bridge the cost-of-living gap. Therefore, the full athletic scholarship does not provide a free education. Now let me tell you a story about stanford football player Bryce Love, who is trying to graduate in December. Bryce skipped media day because he had a class thatrs right a class. He skyped in but still received criticism from many people including the NCAA. Cbsrs Dennis dodd said Im stunned, though, that his decision to skip media day so he can go to class is called a bad precedent. So as the economists Damon Jones put it You demand professionalism, pay professional salaries.

William Shakespeare s Romeo And Juliet - 1225 Words

Love is everywhere. It burns in the hearts of adolescents, softens the souls of sadistic men, and murmurs between old, happy couples. However, when asked, every individual has their own idea of what love is. The play Romeo and Juliet by William Shakespeare explores the many different perspectives of love through a multitude of characters, each unique in their own way. The comedic tragedy tells the story of two young lovers, Romeo Montague and Juliet Capulet, who come from feuding families in the city of Verona. After a secret marriage between the two, misfortunes start raining down. In the end, due to a series of unfortunate events, the star-crossed lovers take their own lives in an effort to be together in death. A person’s view of love varies with one’s experience, personality, and gender, and causes one to treat love in unique ways. One’s personal experience affects one’s perspective of love, and over time, will cause one to develop their own definition of true love. Romeo, initially, is infatuated with Rosaline, a girl who does not love him back. The one-sided love hurts him so much that he grieves in â€Å"a smoke made with the fume of sighs...† and (1.1.197, Shakespeare). â€Å"...a sea nourished with loving tears† (1.1.199). Romeo’s experience with Rosaline makes him believe that pain comes with love, making it a bittersweet sensation. Because he has no prior occurrences with love, that is his interpretation of it at that time. However, that very night, he attends aShow MoreRelatedWilliam Shakespeare s Romeo And Juliet1287 Words   |  6 PagesLizzy Baginski English Composition 2 Mr. Spera March 10, 2015 Romeo and Juliet Research Paper The movie Romeo and Juliet is a modern classic film that took place in 1996. Overall this is a timeless story that everyone should go and watch. This movie has an intriguing plot line that tells the story of two feuding families, The Montagues and The Capulets, and how the children of these two different families fall in love. The two children overcome various obstacles such as hiding their chemistry fromRead MoreWilliam Shakespeare s Romeo And Juliet 966 Words   |  4 Pages Beauty Over Gold â€Å"Beauty provoketh thieves sooner than gold.--William Shakespeare, 1623. In his book As You Like It, William Shakespeare pointed out the supremacy of love rather than the want of gold and wealth. Truly, beauty is more important to thieves than wealth. Many of the thieves in this world would rather have an elegant woman than to obtain precious rubies. After all, what good is a prosperous man if he doesn’t have a charming woman? Two famous men grab my attention who didn’t fear forRead MoreWilliam Shakespeare s Romeo And Juliet Essay1024 Words   |  5 PagesRomeo and Juliet is a tragedy written by William Shakespeare early in his career about two young star-crossed lovers whose deaths ultimately reconcile their feuding families. It was among Shakespeare s most popular plays during his lifetime and, along with Hamlet, is one of his most frequently performed plays. Today, the title characters are regarded as archetypal young lovers. Romeo and Juliet belongs to a tradition of tragic romances stretching back to antiquity. The plot is based on an ItalianRead MoreWilliam Shakespeare s Romeo And Juliet1124 Words   |  5 PagesThe play Romeo and Juliet is a tragedy written by William Shakespeare early in his career about two young star-crossed lovers whose deaths ultimately reconcile their feuding families. It was among Shakespeare s most popular plays during his lifetime and, along with Hamlet, is one of his most frequently performed plays. Today, the title characters are regarded as archetypal young lovers. Romeo and Juliet belongs to a tradition of tragic romances stretching back to antiquity. Its plot is based onRead MoreWilliam Shakespeare s Romeo And Juliet861 Words   |  4 Pagesgreatly shown in the play Romeo and Juliet by William Shakespeare. It was love at first sight with Romeo Montague and Juliet Capulet. Meeting at a party and falling in love to get married without even spending quality time with each other. Romeo and Juliet couldn t tell there parents because the Capulets and Montagues are long term rivals. Both Romeo and Juliet had to find different ways and excuses to make this marriage work. A big problem was developed. Romeo kills Juliet s cousin and is banishedRead MoreWilliam Shakespeare s Romeo And Juliet1770 Words   |  8 Pagesof Romeo and Juliet. The story of two destined lovers who were killed by their own doing. But what if they weren t two destined lovers who got unlucky, but doomed partners that were never going to have a good-life to begin with.William Sha kespeare gives us a view of early signs of gang conflict in the early age of Verona, Italy. He gives us a perspective of the norms and customs of Italy during the Setting of William Shakespeare s most famous story. Romeo and Juliet, by William Shakespeare, givesRead MoreWilliam Shakespeare s Romeo And Juliet1616 Words   |  7 Pageslove can also cause some of life s most controversial battles. These battles could stem from lack of patience, disagreement of moral values, and in some cases, an absence of attraction overall. In Romeo and Juliet by William Shakespeare, the issues that drive Romeo Montague and Juliet Capulet s to each of their dreadful misfortunes are inevitable. When it comes to many of Shakespeare s plays, Aristotle s theory is used to describe them as tragedies. Romeo and Juliet is known by many as a tragedyRead MoreWilliam Shakespeare s Romeo And Juliet1264 Words   |  6 Pagestheater-going public the most important dramatist in English literature, Shakespeare oc cupies a well-known position in the world of talented authors. His canon contains thirty-seven plays, written in the late sixteenth and early seventeenth centuries. Additionally, throughout the years, they continue to sustain critical attention, with the majority of his works circling tragedies, one being Romeo and Juliet. William Shakespeare s Romeo and Juliet speaks to the timeless appeal of star-crossed lovers. Their loveRead MoreWilliam Shakespeare s Romeo And Juliet924 Words   |  4 PagesWilliam Shakespeare’s Romeo and Juliet is a tragedy that follows the so-called love of two teenagers. The two fall in love at a masked ball and have a secret marriage. Throughout the play, their actions show how ridiculous love is, and how it is a danger to anyone who become twisted in its choking grasp. However, in the death of the youth and survival of the elders, an alternative explanation for the tragic events may be found. Although Shakespeare seems to be mocking love throughout the play, itRead MoreWilliam Shakespeare s Romeo And Juliet967 Words   |  4 Pagesof ‘Romeo and Juliet’ written by William Shakespeare. Shakespearean time was between the middle Ages and the Industrial Revolution and it was branded by religious changes. William Shakespeare is widely known as the greatest dramatist of all time. Born April 1564, Shakespeare’s play ‘Romeo and Juliet’ is no doubt one of his most famous pieces. ‘Romeo and Juliet’ was first published in 1597 and its tragic story of banned love still captures the creativity of its audience today. ‘Romeo and Juliet’, although

Saudi Arabia Ready for Take-Off Essay Sample free essay sample

Are there any concealed premise of monetary value rigidnesss in Saudi Arabia that might populate market force indexs from uncovering the true economic wellness of the state. there by either preventing authorities policy actions from rectifying the jobs or otherwise doing them uneffective and counterproductive? How hard is it to put and repatriate net incomes and how would you cover with the demand for educated directors and executives that can run efficaciously in Saudi Arabia? Autonomic nervous system:The instance negotiations about vision of SAGIA which says â€Å"†¦ to pull sufficient investing to accomplish sustainable rapid economic growing. while capitalising on the Kingdome’s competitory strength as planetary capital of energy and as a major hub between E and westâ€Å" . This vision depicts the fact that high importance is given to oil grosss. In a study of planetary fight. high ranking of KSA is attributed by its macroeconomic stableness. However it does non demo major jobs identified for making concern in KSA. We will write a custom essay sample on Saudi Arabia: Ready for Take-Off? Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Thehidden premises of monetary value rigidnesss in Saudi Arabia. inhabitingmarket force indexs from uncovering the true economic wellness of the state. shows the extent offoreign exchange exposure. Sustained existent exchange rate misalignment can do terrible macroeconomic disequilibrium which is one of the menaces for KSA. ?Real exchange rate stableness is important to developing states since it affects capital influxs. foreign direct investing. and trade harmonizing to comparative advantage. KSA preferred to keep a predictable riyal exchange rate. To accomplish this end. the pecuniary authorization adopted a policy of a fixed exchange rate government. It is good known that fixed exchange rates where foreign exchange militias play a major function in money supply fluctuations are contributing to the transmittal of foreign perturbations into the domestic economic system. A little unfastened economic system like that of Saudi Arabia ( where there is one dominant export sector ) can be capable to severe exogenic dazes. It is of import to measure the extent these oil monetary value dazes transmit to the existent exchange rate. ?Another possible beginning of fluctuation in the existent exchange rate in Saudi Arabia is oil production. Decisions sing oil production have of import effects for oil grosss. authorities disbursement. and foreign exchange militias. These. in bend. impact the exchange rate through the supply of foreign exchange every bit good as the demand for foreign exchange. Given the importance of oil grosss and authorities outgos as driving force in Saudi Arabian it is expected that pecuniary enlargement would at most play secondary function in bring oning outgos. In Saudi Arabia context a. Real income is dependent upon the ability to import goods and services instead than the ability to bring forth goods and services ( other than oil ) ; B. Government disbursement. even with a budget excess. can still connote stimulativefiscal policy because most authorities grosss comes from abroad ; and c. Stimulative financial policy leads straight to an addition in the money supply because of the implicit in construction of the country’s fiscal markets i. e. . their general underdevelopment. Troubles in investing and repatriating net incomes are caused by following factors: a ) Inefficient Government bureaucratismB ) Inadequately educated work forcedegree Celsiuss ) Restrictive labour ordinancesvitamin D ) Inadequate supply of substructurevitamin E ) Lack of entree to fundingdegree Fahrenheit ) Oil policy influences financial and pecuniary policy. Since oil production dazes are a major beginning of existent exchange rate variableness. it is of import to develop a stable oil policy to stabilise the existent exchange rate. The demand is to diversify domestic production and export base to cut down the exposure of the economic system to oil sector. In order to cover with the demand for educated directors and executives that can run efficaciously in Saudi Arabia. I would prefer to implement following stairss: ?Education system reforms up to senior secondary degree to pull more investing in instruction sector ?Set up more figure of Industrial preparation establishments to contract the spread of skilled labour force. ?Incentivizing the professional instruction sector by talent pooling and supplying diversified occupation chances in assorted industrial sectors at place state degree. ?Removal of protectionist attack for local employment of skilled and unskilled labour forces. Upper bound should non be more than 50 % . two ) What is the current domestic and international economic state of affairs in the state comparative to outdo public presentation steps for that state? SWOT AnalysisStrengths1. Macroeconomic stableness2. Creation of SAGIA. centralization in one authorities ministry and Investors’ information clearinghouse 3. Global capital energy4. SAGIA’s one halt stores ( OSS )5. Cisco’s NETVERSITY plan with public instruction organisations to supply progress concern and proficient preparation and 100 % soaking up to inscribe tekkis. 6. No serious impact of universe economic and fiscal crisis 7. Slower economic growing. A softening of trade good monetary values. exchange rate tendencies. these all assisting in kerb rising prices. Lower involvement rate discourages the Bankss from keeping and lodging hard currency with SAMA 8. Countries to which Saudi exports had surplus USDWeaknesses 1. Edification of company operations and scheme 2. Quality of national concern environment3. Inflation connected to lifting energy monetary values4. Internal entrepreneurship lacks substructure in topographic point to back up its growing 5. Supply of skilled workers and directors was little as per the high local demand. Skill deficit in countries of leading. strategic thought and communications 6. Perusing concern related classs is less than 5 % Opportunities1. 14 people out of 100 are holding computing machines. Low figure of computing machines in usage per capita 2. Favorable revenue enhancement rates and revenue enhancement ordinance for FDI3. Low degree load of Govt. ordinances4. Still low incursion rates across fixed line and Mobile services 5. Consortium of telecom participants in KSA with local involvements6. SAP larger presence to do endeavor package to pull off concern operations and client dealingss and other telecom concern activities sharply with more local engaging 7. KSA’s understanding with CISCO to construct ICT substructure in 3 of the planned economic activities 8. SAMA’s involvement rate cut ( 5th since October 2008 ) to excite commercial bank imparting 9. Increased Govt. disbursement in big enlargement of petroleum oil end product and refinement capacity to counter the effects of falling oil monetary values. a freezing in local bank loaning. and a worsening stock market 10. Govt. Investings in rail substructure. health care and instruction sector will convey multiplier effects 11. Govt. increased disbursement on instruction sector. adding 10 new universities. numbering to 22 Menaces1. Government ordinances for FDI in some of the neglected sectors 2. Inefficient authorities bureaucratism3. Inadequately educated work force4. Restrictive labour ordinances5. Inadequate supply of substructure6. Lack of entree to funding7. Govt. protectionism for local employments. Saudization ( up to 70 % local hiring ) gives the corporations to increased investings in developing the Saudis they hired 8. Real GDP has been on mark but rising prices has non. 9. Excessively much dependance on energy monetary values. diminution in its monetary values from lessening I demand generates dazes for economic system 10. Govt. Undertaking delays in completion due to lag. Manufacturing sector’s crisp diminution in net income due to lag in 2008 11. Turning budget shortages map of recovery in oil monetary values. Recovery is expected to come in image in late 2010 12. Excessively much exposure to oil gross is holding devaluation in SAMA’s foreign assets 13. Pegging of Riyal to US dollar requires KSA pecuniary policy in line with U. S. pecuniary policy 14. Current history excess diminution due to take down oil monetary values resulted in lower involvement net incomes on investings in US. In instance of current history shortage. ensuing drawdown in international militias to back up the riyal nog to U. S. dollar to current degree will be in danger. Subsequent larger financial shortage than planned will ache Govt. ability to excite economic system 15. Net exchange rate exposure vis-a-vis Europe. Export –import scenarios drastically keep on acquiring changed with Euro or U. S. dollar appreciation-depreciation to each other 16. Attempts to set up a individual currency for GULF Cooperation Council of states. though it is deferred for longer period in future three ) Is Saudi Arabia presently following appropriate economic policies from a domestic every bit good as an international position? Provide back uping justification for your reply. Saudi Arabia is on right path of economic reforms in order to pull FDI from international position and on domestic degree it is making rather good to diversify domestic production and export base to cut down the exposure of the economic system to oil sector. There are few exclusions every bit good. Following facets are discussed below to back up this base: 1. Creation of SAGIA. centralization in one authorities ministry and Investors’ information clearinghouse. SAGIA accent on energy. transit and ICT. 2. Creation of SAGIA’s one halt stores ( OSS ) . centralized broad scope of critical services for investing friendly inaugural 3. Reforms in instruction sector enabled foreign participants to contract skill spread. One of the enterprise is Cisco’s NETVERSITY plan with public instruction organisations to supply progress concern and proficient preparation and 100 % soaking up to inscribe tekkis. 4. SAP larger presence to t do endeavor package to pull off concern operations and client dealingss and other telecom concern activities sharply with more local engaging 5. Slower economic growing. A softening of trade good monetary values. exchange rate tendencies. these all assisting in kerb rising prices. Lower involvement rate discourages the Bankss from keeping and lodging hard currency with SAMA. 6. Favorable revenue enhan cement rates and revenue enhancement ordinance for FDI 7. Low degree load of Govt. ordinances on foreign participants to increase FDI 8. SAMA’s involvement rate cut ( 5th since October 2008 ) to excite commercial bank imparting 9. Increased Govt. disbursement in big enlargement of petroleum oil end product and refinement capacity to counter the effects of falling oil monetary values. a freezing in local bank loaning. and a worsening stock market. 10. Govt. Investings in rail substructure. health care and instruction sector will convey multiplier effects. 11. Govt. increased disbursement on instruction sector. adding 10 new universities. numbering to 22. Exceptions: ?Govt. protectionism for local employments. Saudization ( up to 70 % local hiring ) gives the corporations to increased investings in developing the Saudis they hired. ?Pegging of Riyal to US dollar requires KSA pecuniary policy in line with U. S. pecuniary policy. Floating existent exchange rate would be good option to minimise the transmittal of foreign perturbations into the domestic economic system. ?Efforts to set up a individual currency for GULF Cooperation Council of states would diminish foreign players’ assurance in footings of direct investings in KSA. ?Growing budget shortages is a map of recovery in oil monetary values. Since oil production dazes are a major beginning of existent exchange rate variableness. it is of import to develop a stable oil policy to stabilise the existent exchange rate. four ) Should WCC continue to put in production and distribution installations? Explain and warrant your recommendation. As per the facts given. I would urge that it would be good move for WCC to put on the line constructing a fabrication works and distribution centre in Saudi Arabia. and strengthen the company’s competitory place abroad. Above recommendation is based on following facets discussed below: ?14 people out of 100 are holding computing machines. Low figure of computing machines in usage per capita is immense chance to put in emerging market like KSA. ?The size of the Saudi Arabian ICT market provides first-class operational graduated table. Because Saudi society is immature ( 61 % ) and turning quickly. its consumer market is weighted to a great extent towards technologically literate early adoptive parents. ?No serious impact of recent universe economic and fiscal crisis on KSA strengthens its macroeconomic stableness ?Favourable revenue enhancement rates and revenue enhancement ordinance for FDI and low degree load of Govt. ordinances ?Improved technological environment in KSA with presence of CISCO and SAP will better accomplishment spread and concern procedure integrating severally. ?Govt. Investings in rail substructure. health care and instruction sector will convey multiplier effects. ?Govt. increased disbursement on instruction sector. adding 10 new universities. numbering to 22 in order to contract skill spread and bettering human capital. Increasing supply of qualified package applied scientists coming available due to public and private preparation enterprises. ?KSA’s alone entree to energy makes it an attractive location for a scope of activities across the ICT value concatenation. For illustration. ICT-enabled services suppliers ( such as informations centres ) will be able to leverage Saudi Arabia’s alone entree to low-priced power and state-of-the-art communications substructure to expeditiously serve planetary clients. Equipment and constituent production are besides extremely energy-intensive and necessitate important usage of crude oil derived functions such as chemicals and plastics. Combined with KSA’s attractive apparatus in ducements. these advantages translate into considerable cost nest eggs for hardware fabrication and assembly activities. ?Threats discussed in SWOT analysis are low to chair 1s. which can be rectified by Govt. machinery in clip.

Marketing Plan Australian Corporate Sector

Question: Describe about the Marketing Plan for Australian Corporate Sector . Answer: Overview of the Business Clarinox Technologies Pty Ltd is a Company in Australian corporate sector that was formed in 2001 to offer connectivity technologies for engineers seeking to incorporate the protocols in the devices without generating the algorithms. The firm was a masterpiece of Trish Messiter and Ghokhan Tanyeri who capitalized on the commitments that engineers faced while preparing devices meant to enhance connectivity (Clarinox 2016). The duo focused on developing the connectivity algorithms in the form of software that could be launched into the electronic system of a device and function as an inbuilt protocol. The firm has grown to operate on international platforms with the main office located in Cheltenham, Australia. The business is known for the best products that incorporate the ClarinoxSoftFrame as the primary platform for protocol stack boards necessary for wireless connectivity. The company has produced several brands ranging from simple mobile operating systems to motor wireless vehicl e technologies as well as computer-based installations (Clarinox 2015). Nevertheless, the move to an integrated system with the diversity of application tailored to the needs of users choices and tastes is transforming the corporate technology sector. Product Proposal and Marketing Objectives The need to diversify and unify software for powerful and multidimensional application calls for the creation of unified technology-based brands. Such products are composed of multiple stack frameworks where the user only selects the best option (Oinonen 2014; Steininger et al. 2009). The proposed product is a unified operating system that will be prepared for a major version. The version of the electronic-based software will enable the creation of electronics with multiple launching platforms within the same circuit structure that could be launched as a different operating system based on the preference of the customer. The computer-based software will also carry the algorithms of all the other operating systems by the company in a unified platform such that the users can also choose their preference based on the needs and tasks to be carried out. The product will be called UninoxComp and will be used restrictively for computers. UninoxComp will be considered as a category extension since the company is specialized in such products and the new brand will be an incorporation of several existing products into the single unified software to be executed on the same platform. The product will be associated with several factors related to the market shifts in the technology application across the corporate sector. UninoxComp will be the masterpiece of change since it will offer a diversity of operating systems in a single installation thus eliminating the challenges associated with shifting processes with the existing multiline installations. The product will assist the company to increase the revenue margin by catering for the customers who will desire a unified operating system for a computer application. The application will help the electrical engineers to solve major problems associated with adapting the computer circuits to host several OS as independent platforms for executing users tasks. Therefore, UninoxComp will not only offer a solution for corporate multi-computer application but also assist the organization to have a unified application for their individual computer products. Nevertheless, the product development process will be complicated s ince it will require a higher level of computer programming. The process of creating UninoxComp will involve the merging of antagonistic algorithms that has been the reason why several operating systems exists as independent primary applications. Nevertheless, the unifying process guarantees the formation of the avenues that will not compromise the customer needs as well as the engineers needs for a simplified inbuilt primary application that controls the operation of computers. Situational Analysis Evaluation Macro-environment: PESTLE Analysis The effective performance of the product in the market will depend on nature and trends associated with the external environment (Wiklund, Patzelt, and Shepherd 2007; Arasti, Zandi, and Bahmani 2014; Gupta et al. 2013). Two major macro-environment factors will influence the production of UninoxComp. The product will is set to cater the trends in the market regarding the technological changes. The current need of the customers and corporate entities is a product that can adapt to changing factors in the technology application. The shift to unified communication within the business sector has encouraged the modification of digital platform to cut on cost as well as maximizing efficiency. The development of computers with high speed and large capacity has enabled business corporations to develop effectiveness within the system administration of the firm (Jarke 2008; Vassilakopoulou 2013). However, the need for a unified operating system for computers calls for a sophisticated approach t o the technical needs of companies. The level of technology changes, as well as the shifts in customer needs, demands the company to produce a brand that will incorporate the market elements. The capacity of UninoxComp to accommodate multiple features, applications and platforms will adequately fit within the targeted market regarding the technology-related factors. Furthermore, the other macro-environment factor that will determine the performance of UninoxComp is the economic perspective in the global domain. The recent changes witnessed across the corporate sector are the need to intensify customer relation and improve the profit margin. Such goals need a system that is strategically designed according to the transformations in the respective industries. Therefore, most firms have shifted towards well-developed technology systems that assist in the management process. The computerized evaluations for employee performance, customer relation, and productivity analysis require an advanced system that can integrate diverse applications without increasing the cost of operation and installation. Therefore, UninoxComp comes in as the best option for such needs within the business sector and other industries. It is imperative to note that the political and the legal environment has little implication on the production of the new product since the pre vious products of the company have been approved and used globally and UninoxComp in an integration of some of the computer-based products into a single platform. Evaluation of the Microenvironment: Porters Five Force The performance of the product will depend on the nature of the competing forces such as the position of the customers based on their capacity to afford the product. The bargaining power of the targeted clients will affect the revenue that will be generated from UninoxComp. The customers will also exert pressure on the quality and production team by their constant demand for quality products that adapt to technology changes. The sharing of the market share that is caused by the entry of new firms will affect the profit margin. Currently the company controls 18% of the total market share; however, entry of any business will reduce this coverage, which in turn will affect the profit generated. On the other hand, the production of substitute frameworks with the unified options will change the process of achieving the anticipated income levels (Opresnik and Taisch 2015; Haugen et al. 2008). For example, the introduction of a similar product or another framework that will execute the proc ess as UninoxComp will reduce the degree of customer retention and acquisition. Furthermore, the internal capacity regarding strategic management and market control will assist in positioning the firm and the new UninoxComp in a competitive position. Thus, it is essential for the enterprise to design approaches that will control the intensity of the competitive rivalry in the industry within Australia and beyond. SWOT Analysis Clarinox Technologies Company has experience in the production of technology-based products over the years with a global market, which is a strength that will define the performance of UninoxComp in the targeted market. The company also has substantial market coverage within Australia and globally, which will offer a solid baseline for the establishment of the customer base. The vast capital of operation enables the business to operate on and enjoy the economies of scale. However, Clarinox Company has a high competition from other firms working in the industry on the global scale such as Apple that recently restructured and started to offer their branded software. Nevertheless, there exists an opportunity for greater performance and sound competitive advantage through strategic marketing. Moreover, incorporating customer needs as associated with the UninoxComp option of the unified operating system is will generate high revenue for the company. The firm can also use the existing cust omer database as a marketing platform for UninoxComp to compliment the other selected strategies. It is also decisive to point out that the company is susceptible to poor performance in case another competing firm decides to create a unified operating system that functions in a similar manner. However, keeping the needs of the customers as a primary determinant of the success of the firm will assist in sustaining the anticipated sales. Such objectives can be achieved through constant monitoring and evaluation of the market, which will provide the feedback that will be used to create the update algorithms. Marketing Opportunity The development of UninoxComp is based on the technology trends in the market with a focus on the corporate sector and individuals associated intensive computer users. Therefore, the product is characterized by competition from other operating system providers in the industry. The firm will focus on the corporate sector because the segment has been the baseline for major profit for the company. The marketing department will concentrate on the business using highly developed management systems such as Customer Relation Management, Performance Evaluation, and Output Monitoring systems that require integrated interconnections from diverse locations. However, the firm will also focus on individual users since they have also been part of the market base. The geographical objective of the enterprise will be global dimension since the business has been operating on an international basis. Such a move is essential whenever a company is seeking to control a wider scope of the market, which gu arantees high profits (Contractor, Kumar, and Dhanaraj 2015; Kushida 2011; Qiu and Gupta 2015). Nevertheless, the Australian market will be the baseline for launching the product as well as the sample market for analysis. Furthermore, demographics associated with the targeted market will involve all the organizations within the selected regions and across all the sectors of investment. The selection criteria for interest will determine whether the targeted firm uses a diversity of integrated systems that cannot be supported by a single operating system. The individual clients will be majorly the middle and high-level income earners with an average age between 24 and 45. Moreover, students and learning institutions offering computer and technology courses and units will form part of the targeted market. The population composition for UninoxComp market will be those associated with a great zeal for efficiency and integrated platform for computers. Regular users who embrace new trends in social and business engagements will find the product useful. Furthermore, software developers will also form part of the market since UninoxComp will enable them to debug runtime errors within the same framework and eva luate the performance of their software on diverse platforms. The choice of the targeted market composition has been determined by the need to maximize the market coverage capacity to enhance the profit margin. Product Development and Evaluation UninoxComp is a unified computer-based operating system that is used as the primary software for computers. The product will utilize the features of the companys stack framework to develop algorithms that can accommodate a variety of computer-based software for corporate applications. The product is an extension category since it incorporates several independent products of the firm such as the Wi-Fi interconnection, the Bluetooth integration, as well as electrical protocols. UninoxComp will accommodate a range of user-based programs, which will eliminate the challenges users have been experiencing with some window operating systems that discriminate some installation. The product will be compatible with both the 32-bit and 64-bit operations. UninoxComp will be a unified platform where the user will select the option to launch the activities of the computer system without losing the structural outline. Thus, users will not be inconvenienced with shifting hardware and installations. T herefore, UninoxComp will be an alternative for engineers when designing computer systems as well as for users seeking to use a variety of operating systems during different undertakings. Nevertheless, the production of UninoxComp does not eliminate the existence the other products for computer efficiency and launching within the electronic structure. Moreover, the market testing process associated with the product will be conducted within the Australian market. The choice of is because the country hosts the main headquarters of the company forming the base market. The product will be issued to five selected business firms and a hundred individual computer users, where monitoring and evaluation process through feedback analysis will be executed. However, the testing process will only commence once the product has been registered as the product under development category. Once the testing process has been verified, then the product will be fully registered. The product will be registered with the name UninoxComp as a property of the Clarinox Company. The legal framework associated with the product will include the ownership of the codes, algorithms, and features unique to the process execution. Thus, UninoxComp will be a brand protected with the associated features through a Clarinox-based copyright. Nevertheless, the establishment and documentation of UninoxComp will adhere to the ethical standards, originality, and effectiveness to ensure that the customers value is integrated in the product, which is essential for business integrity (Enderle and Niu 2012). Besides, the testing and launching processes will consider the implication of system failures thus each user selected for market testing will be protected from the risks associated with product failure or malfunctions. It is critical for firms to test new product within a sample market before the universal release into the major market segment. Value Delivery The UninoxComp product will be retailed at a $300 for the corporate version and $90 for the single version. The difference in the capacity of the operation is meant to cater to the needs of the large organization. However, the product will be subject to automatic upgrade whenever necessary without additional costs for the users. The costs associated with the production of the product are the development process of the program instructions and algorithm, which require the programming specialist competencies. Thus, the firm will utilize the existing Azure experts and computer analysts to develop the parent programming process. Since UninoxComp will be the first unified operating system, the competitor pricing is not among the features considered for setting the price of the product. Nevertheless, the Clarinox Company over the years has faced stiff competition from the technology firms producing computer and mobile applications as well as the GPRS service providers. The business is targeting 1 Million corporate unit sales and 5 Million individual sales in the first quarter of the product launch. The projection is based on the 25% of the customer base served by the company across the globe. Such a move will increase the targeted revenue regarding the profit margin by 2% every quarter for the first three years of product introduction if other factors in the market remain at their current level and situation. On the other hand, the product and the market targeted of the firm will involve the consideration of the cost plus as well as the value-based to determine the price. The initial price is based on the cost of production; however, the other considerations based on the market and economic performance will define the nature of the price. The business will incorporate the feedback from the customers and the demand and supply equilibrium to determine future prices. Furthermore, the firm will focus on the accessibility of UninoxComp across the global regions as well as promotional services that will enhance the sales performance through marketing capabilities (Pratono and Mahmood 2015). A part of a direct consultation, the marketing team will consider the social media approach to reach more customers. The firms website under the products section will offer the description of UninoxComp such as the features and the usability. Through the companys website, the clients will be in a position to make an order in the form of purchase request where they can choose the option they prefer. For electronic manufacturers such as the computer-engineering firms across the globe, a representative will assist in delivery through online access within the other regions and physical delivery within the areas where subsequent office branches for the company are set. Since UninoxComp is a technical product offered at lower cost, a direct access to the brand will red uce the cost of production as well as protecting the ownership. The online transaction between the client and the sales department of the firm will be the preferred option. The target for the enterprise is the global market; therefore, the activities meant to access, acquire, and retain the targeted customers will be intensified through online promotions. Promotion and Communicating Value The process of product promotion is complex to undertake especially when the product in new in the market. However, a strategic approach guarantees the success of the firm based on long-term success (Hillebrand et al. 2015; Van Herpen et al. 2011). Therefore, it is essential for corporate companies to ensure that they integrate the needs of the customers as well as setting mechanisms that will gather, evaluate, and apply the feedback for the sake of product improvement (Corley, Jourdan, and Ingram 2013; Van Triest et al. 2008). The Clarinox management will consider a diversified approach to marketing UninoxComp. The firm will use direct communication where the company will contact manufacturing firms seeking to integrate an external operating system within their manufactured products. Such a move has always been part of the strategic approach of the company. Finding a collaborative approach through essential computer manufacturers will assist the firm to establish an indirect link wi th the customers who will purchase the associated computer gadget. On the other hand, the company will use the media approach to informing the public of the existence, use, and access to the product. The major component of the media promotion will focus on the viral Internet-based advertisement across the accessible website for different firms. The business will employ the Google Inc. advertisement services, which has proved a wider coverage across the global dimension. The use of social media platform has become part of the modern trend in corporate marketing (Baethge, Klier, and Klier 2016). The firm will, therefore, incorporate the social media avenues to reach more customers through an informative and persuasive approach. Therefore, the company will use the Facebook fun page to popularize UninoxComp. The firm will also integrate the use of Instagram, Skype, and Twitter to communicate the existence of the new product to potential clients. Moreover, the business will use the official website as part of the essential tool for customer feedback, com munication, and inquiries. Thus, the media will also cover a greater part of the promotional needs associated with UninoxComp. Furthermore, the management will consider the effect of Corporate Social Responsibility as the tool for building the reputation of the firm and the product. The use of CSR has been one of the essential strategies and commitments of firms that have assisted in creating the image of brands of a company. The organization is currently running several CSR programs, but it will consider initiating another program with the full sponsorship of the revenue made from UninoxComp sales. The focus of the communication approach and product promotion will be to inform the customers of the essence of using a unified operating system for a computer application. The firm will dwell on the capacity of UninoxComp to solve the challenges associated with the running of hardware whenever there is the need to execute different system application that is OS biased. Besides, the anticipated level of sales and revenue target will also characterize the product promotion activities. Nevertheless, the marketing t eam will also focus on collecting the customer feedback, which will be instrumental in improving UninoxComp architectures and usability through regular system upgrades. Budgeting Overview and Projections Table 1: Summary of Budget Allocation for the First Four Quarters of Product Launch Budget Factor Description Cost (4 Quarters in $) Product Designing and Development The cost includes the process of developing the product as well as setting up the software versions 25,000 Product Piloting, Testing, and Initial Operability Research The cost involves market testing within the Australian market and the collection of the necessary feedback for product improvement 6,000 Official Website Upgrade The upgrading of the website to include the new product and its features 3,000 Social Media Upgrade The inclusion of the advertisements associated with the product 3,500 Direct Product Promotion and Advertisement The cost involves the direct consultations with potential firms and individuals where necessary 9,500 Corporate Social Responsibility program for the product Establishment of community-based support program 90,000 Market Performance Monitoring and Evaluation The cost associated with an intermittent research to evaluate the market performance of the firm and the product after the third quarter 12,000 TOTAL 150,000 Fig. 2: Anticipated Sales for the First Four Quarters of Product Launch (in Millions) References Arasti, Z., Zandi, F. and Bahmani, N., 2014. 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