4 Necessary Factors for Natural Selection

Case Analysis - Paint Industry - Free Essay Example

Sample details Pages: 4 Words: 1279 Downloads: 4 Date added: 2017/06/26 Category Economics Essay Type Research paper Did you like this example? CAGE ANALYSIS PAINT INDUSTRY Potential for paint manufacturing business in Kenya: Currently, there are four main players in the paint industry in Kenya namely, Crown Paints, Basco Paints, Sadolin and Solai Paints. The paint market mainly consists of two categories- Premium paints and Economy paints. The number of housing complexes, commercial buildings like offices and shopping malls in Kenya have led to increased demand for decorative paint and coatings in the country. Don’t waste time! Our writers will create an original "Case Analysis Paint Industry" essay for you Create order Due to rapid urbanization (50% of Kenyaà ¢Ã¢â€š ¬Ã¢â€ž ¢s population expected to live in urban areas by 2030), the domestic construction industry has started competing in the global space and is creating huge demand for improved quality of decorative paints. According to the Frost Suvillian report on the decorative paints market in Kenya and Tnzania, the market earned total revenues of over $123 million in 2011 and is estimated to reach $190 million by 2018. In order to achieve one of the Governmentà ¢Ã¢â€š ¬Ã¢â€ž ¢s objective of making Kenya a middle-income country by 2030, Kenyaà ¢Ã¢â€š ¬Ã¢â€ž ¢s Government has passed the National Construction Authority bill which is expected to initiate new construction projects and make the quality of existing infrastructure better. This is likely to result in higher adoption of better quality paints. Development process in neighbouring economies will further boost exports and force manufacturers to increase production capacity. Henc e, paint manufacturing business appears to be very lucrative in Kenya and paint companies around the world should leverage this potential. In order to do a CAGE Analysis, I have chosen two African countries namely- Kenya Nigeria. CAGE Analysis CULTURAL DISTANCE (using Hofstede model): KENYA NIGERIA Diversity 13 ethnic groups and 27 sub-groups. 3 Major Ethnic Tribes: Yoruba, Hausa-Fulani Igbo Language, Religion, Ethnicity The Most Spoken Languages are English and Swahili. Over 250 languages. English is the official language Gender 1.02 Males/Female 1.031 Males/Females Power Distance Index The index is 64, there is considerable gap between the rich and poor. The index is 77, the gap is much higher than Kenya. Rich is getting richer and poor is getting poorer (similar to India). Individualism/ Collectivism Collectivist Society Collectivist Society Masculinity (MAS) Interpersonal relationships are given high importance. They follow the Ubuntu philosophy. Interpersonal relationships are given high importance. They follow the Ubuntu philosophy. Concept of extended family is also followed. Male chauvinist society. Uncertainty Avoidance Index The index is 52 which is moderate. The index is 54 which is moderate. Long Term v/s Short Term Orientation Long Term Orientation Long Term Orientation Paint companies while setting up operations in Kenya should consider the cultural diversity of the country. Their main focus should be on marketing communication as language has to be given high importance. Packaging designing of the paint cans should be in accordance with the colour preferences of various ethnic groups. Since interpersonal relationships are given huge importance, the paint companies should focus on building trust and sustaining long-term relationships with customers instead of merely selling the product to make profits. The companies should also produce long lasting paints due to populationà ¢Ã¢â€š ¬Ã¢â€ž ¢s long-term orientation. ADMINISTRATIVE: KENYA NIGERIA Trade Relationships East African Community(EAC) COMESA. South African Development Community: Therefore there is a lot of scope. Member of OPEC, ECOWAS (Economic Community Of West African States) and G20. Government and Political Stability Multi-party Democracy. New Jubilee Administration is approaching private sector as main partner for development of Kenya. The political environment is quite stable. Nigerias political parties arepan-nationaland irreligious in character. Ethnic clashes exist. Politically instable. NGOs Considerable role in building Kenyaà ¢Ã¢â€š ¬Ã¢â€ž ¢s economy. Ità ¢Ã¢â€š ¬Ã¢â€ž ¢s run by expatriates. Estimate spent of $4billion. In the paint industry, several NGOs that fight against the excess level of lead. IPRs Rank 75/97 on IPR Index published International IPR Index 2014. Rank 94/97 on IPR Index published International IPR Index 2014. GEOGRAPHIC: KENYA NIGERIA Size 580,367 Sq. Km 923,768kmsq. 14th largest country in Africa Climate Tropical along the coast à ¢Ã¢â€š ¬Ã¢â‚¬Å" rainfall and cool throughout. Arid further inside. Tropical Climate. Hot and wet in Southeast Dry in Southwest and inland Transportation Extensive paved unpaved roads. Railways link major ports cities. Extensive paved unpaved roads. Railways link major ports cities. Landlocked No. No Ports Major port à ¢Ã¢â€š ¬Ã¢â‚¬Å" Kilindini Port, Kisumu and Mombasa. TheLagos Port Complexand Tin Can Island Port in Lagos. Airport 16 Airports. There are 26 airports of which 5 are international ECONOMIC: KENYA NIGERIA GDP(2013) $44.10 billion US $502 billion GDP Growth(2013) 5.2% 6.2% HDI Rank 147 Rank 152 Ease of Doing Business Rank 136 Rank 170 Logistics performance index (low 1- 5 high) 2.81/5 2.39/5 Growth competitiveness index (low 1- 5 high) 3.93/5 3.82/5 Debt to GDP ratio 51.7% 11% Transparency Index Rank 145/175 136/175 Labour Force Agriculture 75%, industry and Services 25% Agriculture: 70%, industry and services 30% Exports Tea, horticultural products, coffee, petroleum products, fish, cement Oil and natural gas Imports Machines tools, transportation tools, petroleum products, motor vehicles, iron and steel, resins and plastics Refined petroleum oils, car, telephones. Conclusion: After evaluating various parameters of CAGE, I conclude that for a paint company, starting operations in Kenya makes more sense. If we take a look at both the economies, Nigeria definitely has a good GDP growth rate and better transparency index. However, Kenya too is not far behind. Following are the reasons for choosing Kenya: Largest country in East Africa: Kenya is known to be the largest and the most developed economy in the East African region. It has the second largest population within the East African Community (EAC) at about 42 million and is growing at a rate of 2% per annum. The country possesses a very high growth prospect as it is supported by an emerging, urban middle class with an increasing purchasing power and demand for high value goods and services. This country alone contributes to more than 40% of East Africaà ¢Ã¢â€š ¬Ã¢â€ž ¢s total GDP. Strategic Location: As the largest country in East Africa, Kenyaà ¢Ã¢â€š ¬Ã¢â€ž ¢s strategic location and its highly conducive environment for business makes it an attractive place for investors and several international companies have made it their regional hub. This provides investors an access to the larger EAC and regional markets with over 390 million consumers. Kenyaà ¢Ã¢â€š ¬Ã¢â€ž ¢s capital, Nairobi is too a huge transport Hub in East Africa which connects Jomo Kenyatta International Airport to numerous destinations around the world. Access to a wide market: Kenya is a member of several regional economic blocs and along with its strategic geographic location, the economy serves as the gateway to the EAC, COMESA, and many other trade arrangements. Potential gains from COMESA: Member Countries: 20 Population: 445 Million Total GDP: USD 360 Billion Trade Arrangements: Kenya also has membership with many trade arrangements and beneficiary to schemes that boost the trade. These schemes comprises of the Africa Growth and Opportunity Act (AGOA), WTO and EAC-EU Trade Agreement. Soon there will also be Tripartite Free Trade Area (FTA) cooperation between EAC, SADC and COMESA which will give access to a huge market with 600 million consumers. Stable political environment and investment policies: New Government: The new Jubilee Administration considers the private sector as the main contributor to economic and social advancement. The government is supporting privatization by divesting its majority shareholdings in State commercial companies via the Nairobi Securities Exchange. Regulatory reforms: Kenya is working towards reducing the cost of doing business. Hence, it is making extensive business regulatory reforms in order to reduce the number of licensing requirements to a large extent and to make the licensing system more transparent. Completely liberalized economy: Kenya is completely a liberalized economy. Over the years, it has removed all barriers that previously caused hindrance to trade and private investment which comprises of exchange controls, import and export licensing, FDIs, restrictions on remittances, etc. Therefore, Kenya with less institutional voids, strategic location, a better rank in ease of doing business, a better logistics performance index, wider market access and a deep economic system looks like a more attractive destination for investment than Nigeria.

What You Do Not Know About Win Win Essay Samples May Shock You

What You Do Not Know About Win Win Essay Samples May Shock You Win Win Essay Samples - Overview Use the term counter to make sure your essay meets all of the college requirements. When you revise your essay, you've got to make sure its organization is totally appropriate to your intended audience, the paper context, and the goal. You could also see travel essay. If you wish to learn how to compose a fantastic persuasive essay, you're looking in the proper spot! On the opposing side, obtaining a list of good persuasive essay topics is insufficient. Qualities of an excellent persuasive essay topic The topic ought to be specific. Most academic essay topics usually ask you to choose a side in an argument or maybe to defend a specific side against criticism. Selecting an excellent topic for your essay is among the most significant and frequently tricky parts for many students. The aim of a persuasive essay is to convince your readers your viewpoint is the ideal viewpoint. As any guide on the best way to compose a persuasive essay will inform you, your essay has to be organized in paragraphs with a logical progression from 1 paragraph to the next. It must be able to grab the attention of the people reading it easily. The very best persuasive short essays often concentrate on controversial problems. It's possible to provide consideration to utilizing abilities of different individuals to acquire the desired outcomes. In case the samples aren't very good ample, then pupils preferably should go on to some other firm. Our support group is going to be delighted to likewise share with you on a few tips that will aid in improving our services. Our on-line solution did its better to create a website that individuals cannot only utilized to complete exactly the same job. Rumors, Deception and Win Win Essay Samples Girls who engage in sports frequently hav e successful futures regarding their careers and societal lives. Women are confronted with challenges when they're championing for social shift. High school, college, and sometimes even university students from all around the world are writing persuasive essays. It's all possible if you decide to put money into education. Nursing education requires the clinical rotations they have to go used to while on their shifts. Education in any career is very important to keep progressing and doing the very best for the people who you serve. The body of your essay ought to be supported by research evidence you could gather. It will be simpler that you compose a very good persuasive essay if it's a subject in which you have knowledge. You can also see synthesis essay. Importantly, you ought to think about how to compose argumentative essay introduction and allow it to be effective. You can also see essay examples. You might also see college essay. You can also see scholarship essay. Whenever placing a purchase you're sure to find an original paper free of instance of plagiarism with us. In case the provider keeps bring forthing old merchandises, they'll be eliminated. You may not be peaceful sure if the dwelling concerning the paper you may be utilizing is appropriate for a particular project. In fact, our on-line solution forbids any as a kind of plagiarism. Understanding Win Win Essay Samples Concentrate on the significant points and delegate to someone who can effortlessly manage your assignment. It's surprising how quickly comp points can accumulate! Of course new players have a great deal of questions regarding how to find the correct place to gamble safely. Money also doesn't change the way that people feel about you. It satisfies the physical needs of the person, but people need to understand that happiness is not physical. Individuals that are focused on money find themselves working all of the time they don't have time to do the things they enjoy. Folks who possess plenty of money have more things than others that have a moderate volume.

Statistics and Business Research Efficiency Methods

Question: Discuss about the Statistics and Business Research Efficiency Methods. Answer: Introduction: Now a days internet is the most influential medium of advertising in the new world. The internet is the fastest growing medium with millions of users. So it will be an advertiser's dream to expand their business throughout the web. It requires a new strategy and thinking. So it needs geographical coverage with different test and preference. It includes many kinds of marketing such as email marketing, social media marketing, mobile advertisement, etc. So it needs a relation between both publishers and an advertiser. Lees cost effectiveness give this business a significant scope than any offline adds. As different users have a different operating system and different web browser so any advertising company should take care of that online ads may appear at various users directly, and it should be very user-friendly. Aim of the Research The main aims of choosing this project is to make online advertising in such a way that consumer dont get bored or irritated with online ads and also to attract them in a different way. Theory, assumptions, background, literature: Marketing is more than just distributing from the manufacture to the final customers. The online marketing is mainly depends on consumers demands to pick and choose in the communication with the several brands through the Internet (Sheehan, 2010). The internet advertising companies have an aspiration to assess and identify the competence of their campaigns to the boundary. Likewise, the clients are very eager to be familiar with that how efficient the campaign is as well as what kind of returns with profits they can imagine. There is often a difference between the technical implementation and the economic understanding of business. The lack of understanding of different directions may result in software that has not been fully worked out (Drew, 2002). So to achieve a better place online advertising one must take care of customer survey and customers feedback. An Online Advertisement management program that was developed to handle online advertisement should be very familiar with every operating system and every software platforms. Variable and hypotheses: The leading four theories upon which the online advertising based is appearance of ads, simplification, cost effectiveness and software platform. So in programming concept designing and appearance of ads are the primary variable. And customer nature and behaviour is the independent variable. Customer behaviour can be of three types. Some costumes always look for brands in less cost. So you have to take care of the fact that your selling or giving good products add and also giving customer first trial pack or less cost for the first time (Duffy, 2007). Thus they will be connected with you. And some of the customers are very busy in their life, so they order through online ads and always found more friendly adds thus they dont need to spend so much time with that. So your software must be very simpler and user-friendly. And some of the customers don't open adds for privacy problem and security problem. So you have to assure your customer that all their login or search is secure. So you have to mention everything in your privacy criteria clearly (Hanafizadeh, Behboudi, Hasanabad, 2014). So according to hypotheses if we go with the first choice then we have to reduce our products cost which is not possible for every product. And if we go with the second option then we have to keep our brands unchanged or have to improve. But with that previous kind of people will be less attracted. So we have to maintain both brand reputations and less cost effectiveness. Operational definition and measurements: Advertising represents influential as well as probable selling message to the accurate projection for product services which have the lowest probable cost. Advertising is a very artistic way of communicating with the customers. The main characteristics one advertisement should have to get on their objectives are excellent communication skills and excellent convincing power. An advertising company should care of some objectives when it is conducted for advertising that is to identify and narrow down targeted audience from the general audience. To undertake the goal of getting high sales conversions and revenue a company should take care of that their act going to the right track and it should be more attractive than any other companies top (Rosner, Halcrow, Levins, 2001). The company should use advertising to encourage trail users of new products. To grow the sales and profit, a company should follow some tricky rules as to give off on some products and incentives to first time buyer s. The company must deliver the original product at stated price according to their promises. Research objectives: There are mainly three objectives that we have to look at. Enhancing client engagement and developing relationships with prospects. To identify and narrow down targeted audience from general audience is also the primary objective. Continuity means one should concerned aboutkeeping the existing customers to stick on to the product. That means keep bringing new in products and advertisement to keep the existing customer. Another objective is how u will attract your customer with brand switch. It means to convincing customers to switch their products in competition with other company. Research questions: Will the targeted audience notice the ad? Within a lot of fake advertisement its very hard to attract the consumer, but if consumer gets a clear picture of your ad then it is possible to attract targeted people. What potential changes can be made to improve the impact of the ad? Increasingly, many companies test their ads before they are released to the public to prevent unexpected reactions and ensure their message isclearly communicated. Will the ad have an effect on purchase limit? Its also tough to get an effect on purchase limit. People have behaviour to attract in such like ad that shows 10% off 20% off. So to increase that one has to look upon that. Research design and methodology: To create a significant place in online marketing industry one should take care of some rules and regulations (Methodology, 2007). That are the type of advertisement and web pages where it will appear and hope it will integrate with content and how fine it coordinated with advertisers target audience. Traditional media advertising is very inefficient advertising technique than online advertising. So the web should permit the advertisers for gathering complete information on who saw an ad as well as when and in what background also how many times by which one company can get to know that which products add are more popular (Dahln Edenius, 2007). Creative design of the home page is critical to attracting any of the customers at her first glance within some time the users should get the thought regarding the website as well as where to go inside it. For that to spread your ads all over you, have to use most of the language to serve your ads, to communicate will different languages peop le. This technique was introduced at 1994. Then it was not so popular. But with the increasing day it became much popular. The growth of online advertisement in 2011 gets doubled than 2009. So with the upcoming days appurtenance of advertisement should be more attractive to attractive people. Instrumentation/sampling: To create a well-reputed advertising business one should take care of so many criteria. First one needs a good web designer to design an attractive and motivated web page (Buckland, 2004). It also matters that how fast does the site the download so you should not make your software program more complex and time effective. You also take care of the graphics used in creating the web page. Thus it can appear quickly. The site must be easily navigable. The domain name also matters, to use a sort attractive domain name is a good approach to online advertising. It also matters to look upon that what at the publicity and advertising performance. It is making passage to the site (Instrumentation, 2010). If many of parameters are measured while choosing the websites for online advertising, then the blow of that advertising will be missing. To choose right social media and websites according to theirs popularities is also mattered that how traditional your ads will be, and the most important t hings are that communication problems should be isolated. And a media plan should be designed. Data analysis: Nowadays it is the biggest problem that customers are annoyed with thousands of pop-up windows fake ads (Sarantakos, 2007). So at first we have to change our plan to serve the advertisement. So we have to choose those websites that have will reputations and make a deal with few no of an advertising company. And one should increase the involvement of customer in defining brand characteristics. The most important thing in digital advertising is that cost effectiveness. It depends on three relations that are purchase-convictions, preference-liking, and knowledge-awareness. Purchase depends on conversion and conversion rate. Conviction depends on frequency on a search engine or online shops. Preference depends on hits on the web of specific brands ("Digital advertising", 2010). Liking depends on click through rate knowledge interactive advertising, hyperlink. According to the growth of the internet in 2000's, the online advertising also increases. According to survey for the yr 2012, Jup iter Research forecasted $34.5 billion in online advertising expenditure. According to information beginning of 2011 online advertise revenues rose 23.2% to make a record US$14.9 billion the rate of expansion is almost double through the growth of the year 2009. So in upcoming days with the help of growth of internet, digital advertising will also increase. But the competition will be high (Hine, 2013). So if you are not compromising with the old ideas you are going to be ruined by other upcoming companies. For that you have to make all ads attractive, friendly with all system software, with all browsers, you need a big coverage, cost efficiency, good software engineer, and good web designer, comfortable with a customer with its feedback system. And survey must be required to keep the popularity. All the above data are collected from various books from the library and internet and also through my survey. Conclusion Is promoting advertisement on the internet an appropriate option? I give concern at this question regarding efficiency, profitability as well as marketing processes. Now a days internet advertising is the key of adverting success with the growth of the internet. It is an easy method to distribute information, an advance method of treating customers, an immediate and direct promoting of business, and reduced cost in performing the tasks. The only negative aspect is that customers fear over internet the fear that ordering through an online advertisement will get lost in fear of cyberspace. It is traditional, that with new technology people scared, but it does not take long to adjust. But it also has a sign that generation young people is more active and is much more interested in online shopping through adds after verifying. Though you try your best, you will not let all peoples look upon your ads until you get the reputation. So you have to carry your reputation and regularity with your tricky attractive ads. References Buckland, S. (2004).Advanced distance sampling. Oxford: Oxford University Press. Dahln, M. Edenius, M. (2007). When is Advertising Advertising? Comparing Responses to Non-Traditional and Traditional Advertising Media.Journal Of Current Issues Research In Advertising,29(1), 33-42. https://dx.doi.org/10.1080/10641734.2007.10505206 Digital advertising. (2010).Choice Reviews Online,48(02), 48-0975-48-0975. https://dx.doi.org/10.5860/choice.48-0975 Drew, K. (2002).Online branding. London: Laurence King Pub. Duffy, S. (2007). A guide to email deliverability for B2C email marketers.J Direct Data Digit Mark Pract,9(2), 156-167. https://dx.doi.org/10.1057/palgrave.dddmp.4350081 Hanafizadeh, P., Behboudi, M., Hasanabad, H. (2014). Online Advertising Intermediary:.International Journal Of Online Marketing,4(1), 29-38. https://dx.doi.org/10.4018/ijom.2014010103 Hine, C. (2013).The Internet. Oxford: Oxford University Press. Instrumentation. (2010). Upper Saddle River, N.J. Methodology. (2007). Geneva. Rosner, B., Halcrow, A., Levins, A. (2001).Communication. New York: McGraw-Hill. Sarantakos, S. (2007).Data analysis. Los Angeles: SAGE. Sheehan, B. (2010).Online marketing. Lausanne: AVA Academia.