...Making a New Deal Book Review What was the overall argument of the book? How well did the author use evidence and logic to support this argument? In Making a New Deal, Lizabeth Cohen describes the transformation of Chicago workers from the early 1919 to the mid-1930s. She aims to show the significance of how industrial workers became “effective as national political participants in the mid-1930s, after having sustained defeats in 1919 and having refrained from unionism and national politics during the 1920s.”1 Her argument is built on the idea that a "successful...strike in the future would require a work force more capable of coordinating on a national level and more unified ethnically and racially."2 To effectively show this metamorphosis, Cohen focuses on the influence of Chicago communities, neighborhood businesses, and welfare capitalism. Cohen is clear and systematic in her evidence of how each point contributed to the Chicago workers’ change over time. She begins by setting the scene for workers in 1919. By that time, workers had carried out countless failed strikes in the hopes of altering the industrial workplace. The main reason for these failures was that workers were unable to effectively unionize at the time due to a vast percentage of the workforce being foreign born.3 Cohen details the various ethnic communities of Chicago and describes the alliances within each neighborhood. The sense of community created in each neighborhood acted as a support system...
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...Buying Phenomenon Jeanne Wallace What’s the big deal? Never knew that question could amount to so much. Now, everyday when I log into my email I’m face-to-face with a marketing concept that answers the question for me: Groupon.com. The site offers daily deals of “the best stuff to do, see, eat, and buy” in my city. Each deal is designed in a tempting, humorous, and creative way. Sometimes, I bite at first site. Average savings per deal equals 60%! Often the deal is something I’ve thought about | | trying and never seized the chance. Timing, | Groupon Deal: For $12, you get $24 worth of fresh, in-stock cakes at Larsen's Bakery in Racine. | savings, and the opportunity to try new things with others are triggers that make it easy for the finger to click on “buy”. Daily deals have become an Internet frenzy driven by Groupon. Let’s find out how and why this marketing concept has caught on. The concept of collective buying In the late 90’s, MobShop.com was a group-buying site where consumers could add might to their buying power by coming together as a group. The site was mainly built to gather enough customers to have the purchase power to drive a price down on electronics or video games, as an example. It was a great idea at the time, however, MobShop discovered that it took too much time to get people on board for the deal. Many did not want to wait. The customer base was too diverse. Often, the deal fell apart. ThePoint.com shared a similar collective...
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...years and now represents about one-quarter of the firm’s global business. We maintain a global network of more than 400 experienced professionals serving PE clients. Our practice is more than three times larger than that of the next-largest consulting firm serving private equity funds. Bain’s work with PE spans fund types, including buyout, infrastructure, real estate, debt and hedge funds. We also work with many of the most prominent limited partners (LPs) to PE firms, including sovereign wealth funds, pension funds, financial institutions, endowments and family investment offices. We support our clients across a broad range of objectives: Deal generation: We help PE funds develop the right investment thesis and enhance deal flow, profiling industries, screening companies and devising a plan to approach targets. Due diligence: We help funds make better deal decisions by performing diligence, assessing performance improvement opportunities and providing a post-acquisition agenda. Immediate post-acquisition: We support the pursuit of rapid returns by developing a strategic blueprint for the acquired company, leading workshops that align management with strategic priorities and directing focused initiatives. Ongoing value addition: We help increase company value by supporting revenue enhancement and cost reduction and by refreshing strategy. Exit: We help ensure funds maximize returns by identifying the optimal exit strategy, preparing the selling documents and pre-qualifying buyers. Firm...
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...PepsiCo’s restaurant business, but PepsiCo must consider how each deal will affect the scope of the firm and potential synergies in each deal before making a decision to acquire these firms or not. There are several potential synergies in the Carts of Colorado (COC) deal. Specifically, there are operational synergies and financial synergies, along with a little strategic synergy. There is operational synergy because acquiring COC would create economies of scope. There could be shared resources or activities because PepsiCo could sell items, or at least similar items, from their other restaurants on these food carts. There is some strategic synergy in this deal because making this deal would mean entering a new market, the food cart industry, to extend market power. Even though food carts are also fast food, it is in a new segment that PepsiCo has not yet experienced. Financial synergies are also evident in this deal with COC because since they nearly tripled its income in one period, they could be a valuable asset. By investing in it, PepsiCo will be able to gain much revenue and capital from a new source. For California Pizza Kitchen, there are operational, strategic, and financial synergies. In terms of operational synergies, there are economies of scope because there are shared activities and items, like different kinds of pizza. There are strategic synergies because PepsiCo would be entering a new industry of dining as opposed to fast food to expand market value...
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...whilst significantly benefitting our guests who will now have access to a more expanded global network, enhanced connectivity for tourists, business travellers, and the wider travelling public. India is one of the largest and fastest-growing markets in the world. Through this association, Jet Airways and Etihad Airways will both be strengthened as will be the economies of India and the UAE. By linking our two networks and adding new flights, new routes and more code-share options, travel to, from and within India will become more accessible/ convenient. Etihad Airways and Jet Airways will combine their network of 130 destinations, with Jet Airways establishing a Gulf gateway in Abu Dhabi and expanding it’s reach through Etihad Airways’ growing global network. Under the strategic partnership, both airlines will gradually expand existing operations and introduce new routes between India and Abu Dhabi thus providing an ever wider choice to the travelling public. Guests from 55 cities in India will benefit from connections to international destinations. New flights from our home hubs of Mumbai and Delhi and other metro airports will further strengthen our current operations from these airports. Our vision continues to be to develop Delhi and Mumbai airports as our primary home hubs and...
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...controls and closely monitor their cost and budget. I also will be explaining what happens if cost and budget are not monitored and what happens if a business like BskyB overspends. Also how these effects the business like will it constrain BskyB significantly in the short or long run. A budget is needed to help BskyB figure out their long-term goals and work towards them. If BskyB aimlessly spend money on unnecessary things, how will you ever save up enough money to buy the right back to show the champion league or Europe league on their sports channel? BskyB monitoring their budget is very important as it allows the business to set their spending and revenue targets for the future as this will help the business have better chances of making a profit. This will also help the business be aware on where all the money they are spending on their cost goes to. A budget also gives BskyB the chances to control their cost so they don’t overspend. Also so it helps the business identify areas of concern within their organisation. For example BskyB budget will let them observe if their actual cost for labour is surpassing the budget figure every month. A budget forces BskyB to map out their goals, save your money, and also help them keep track of their progress and try to make a dreams of beating their competitors like BT, Virgin and TalkTalk reality. A budget will help BskyB get and attract future investors into the business at the budget will show the investors BskyB clear plan...
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...Chapter 2: Deals Galore at Groupon Video Case Questions: 1. What features of contemporary e-commerce does Groupon Now! Utilize? a. I think that Groupon Now is utilizing the mobile app as a way to allow both consumer and merchant to communicate with each other. Now, most websites have a mobile app or something similar so people can be connected all the time, like Ebay. It’s very easy to use and therefore increases the chance of consumers purchasing a deal. It allows for people to share things with their friends, which is vital in social networking and allows for the service provider to receive more customers. It also uses personalization as a tool. It’s also great that a subscriber can show the coupon on the phone rather than have to print it out like other coupons. It provides value to customers and it’s providing a service that is in demand for many people, not just college students looking to save a dollar. It also gives buying power to the consumers and still maintains control for the merchant. 2. What value does this service provide subscribing merchants? What value does it provide customers? b. It provides merchants the value of control over their revenue and when and how much to release the deals for. The fact that the deals are limited in time and quantity helps merchants know the business they might have and be prepared for it. It’s also good that a certain number of coupons must be sold, so that the merchant is making some profit from the...
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...articles highlighting the application of new learning with respect to outsourcing 3 Dean Meyer’s Article highlighting the advantages of outsourcing 3 Sholstica’s Article highlighting the disadvantages of outsourcing 6 Present and future application of outsourcing within workplace 6 Conclusion 7 References 8 Outsourcing Introduction In the present dynamic environment, one way the companies can gain competitive edge over their competitors is by taking full advantage of all the business aspects. One of such possible aspect of performing organizational activities in an efficient manner is through the platform of outsourcing that provides a company an opportunity to hire an outside firm having proficiency in a particular field and then getting some of the organizational tasks completed through this hired firm either at a reduced cost or an increased productivity rate. A number of factors (both related to internal and external environment) are considered that helps to decide that whether outsourcing is a right answer for a particular company. The process of outsourcing facilitates learning of a number of aspects that if properly applied within an organization can serve as a competitive element for the company, enabling them to remain a competitive force within the industry. The objective for writing this assignment is to highlight the outsourcing aspect by indicating the issues that revolve in the particular area, referencing to the new learning that has taken place by specifying...
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...Alloy is a clothing and accessories company that targets Generation Y consumers as their primary audience. Alloy hosts a webpage (alloy.com) and a catalog that attracts teenagers, especially girls. The success of Alloy is contingent upon the following core issues that could either make or break the company: 1. The operating expenses are too high and need to be reduced 2. New leads to the website needs to be greatly increased Justification of Core Issues 1. Their operating expenses are extremely high because they print and ship their too many catalogs, and pay too much for marketing and merchandising issues. 2. Traffic to their website would the increase the gross margin on an order and increase ad revenue Analysis of Core Issues Alloy needs to generate new leads for their websites. They spend way too much money trying to attract new customers and they rely too heavily on mailing lists to attract new customers and it has proven to be ineffective. They would have to spend significantly more money on 2 mailing lists that won’t produce new customers at a substantial enough rate (the response rate on new names is only 1.5%.) Printing and shipping the catalog at its current volume is highly expensive and unnecessary because their catalogs pass hands up to six times. Although shipping the catalog makes a great impression on their market, it has failed to engage them well enough to significantly increase sales. It seems that...
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...The New Deal was a series of domestic programs that caused the federal government and president to join forces and do whatever was necessary to save the country from disaster. The New Deal played a significant role in the shift of the nature of the presidency as the president was allowed special powers by Congress to deal the Great Depression, however it was Roosevelt himself who brought about a fundamental shift, which lasted past the crisis situation. Specifically, the fundamental shift was brought about by the change in president, his personality and the way the crisis situation was dealt with. Fundamental shift is defined as the change in the presidency, which had a permanent and substantial effect that caused the change in the political “norm”, which resulted in a new style and role for the presidents to follow. Herbert Hoover altered the nature of the Republican laissez-faire policy that dwelt less on inaction and more on allowing people to take responsibility for themselves. While campaigning, he developed the theory of ‘rugged individualism’, where people who could look after themselves would make their own way in the world and prosper, realizing the American Dream. He believed that the government should not interfere to help those with jobs and homes, or even the poor and the exploited workforce, as they would be weakened. In fact, following the 1929 Wall Street Crash, it was favoured by the Republicans to leave the economy to sort itself out, which of course led to...
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...hard-work enabled Greece to host the 2004 Athens Olympic Games and make a memory of it in the mind of the world’s citizens. In what ways are the bid processes and preparations for the Games similar or different leadership challenges? * Political issues and government bureaucracies was one of the challenges that Gianna had to deal with during the preparation stage while it wasn’t a challenge in the bid process. * In both processes, Gianna had a deadline but the difference was that in the preparation stage Gianna had to carry out the work load of 7 years plan in 4 years. * In the preparation process, Gianna had to deal with the main challenge which was the increase in the costs for most of the projects due to the delay. * In both, the bid process and the preparation stage, a new team was required to be created. * In both, the bid process and the preparation stage, Gianna had to lead, motivate and manage a diverse group of individuals but in the preparation stage the group was larger. In addition, in the preparation stage volunteers were needed at lower levels. * In both of the processes, Gianna had to deal with...
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...ocean strategy generally refers to the creation by a company of a new, uncontested market space that makes competitors irrelevant and that creates new consumer value while decreasing costs. It was introduced by W. Chan Kim and Renee Mauborgne in their best-selling book of the same name. The second word would be intelligence.” The Blue ocean strategy made it so companies would be able to come up with a whole new way to do business in either an industry or invent a new way of doing business.” ("Financial Times", 2014). The third in final word would be strategic. There are a few guidelines that were proposed to companies seeking to create blue oceans. The first guideline would be to identify the key features/dimensions that currently define a product and or service. The second guideline is to identify a group of customers who only value a subset of these features. These customers may be currently using lower end alternatives, or maybe very different from the current customers while having needs that similar at some fundamental level. The third guideline is to make a product or service better on the dimensions valued by the new target customers. “This step is counter-intuitive but necessary in order to create value while decreasing cost. The final guideline is to consider making the new product or service better on the dimensions valued by the new target customers and or introducing new features targeted to these new customers”. ("Financial Times", 2014). The importance of a Blue...
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...SoftBank of Japan is making its biggest gamble yet: entering the American cellphone market. SoftBank’s complex $20.1 billion deal to buy majority control of Sprint Nextel will unite Japan’s fastest-growing cellphone service provider with one of the United States’ most troubled. The idea is to provide Sprint with a stronger, deeper-pocketed partner that can help finance its network overhaul and, eventually, pursue additional mergers. But SoftBank, an Internet and communications company, is making a risky wager that it can break the dominance of Verizon and AT&T in the United States the way it did a similar duopoly that long reigned over the Japanese market. “SoftBank brings so much more to Sprint than money,” Daniel R. Hesse, Sprint’s chief executive, said on an analyst call. “This investment provides the opportunity to benefit from the knowledge and expertise of a leader in mobile Internet technology with a proven track record of challenging larger incumbent carriers.” Together, the two companies would have $80 billion in revenue and $18 billion in earnings before interest and taxes. And they would nearly double Sprint’s customer base to 96 million, giving the company greater purchasing power. SoftBank’s founder and chief executive, Masayoshi Son, was blunt in his goal: creating the biggest and fastest wireless network in the United States. It is the strategy his own company is pursuing in Japan, aimed at drawing in users of the latest smartphones. Sprint is only beginning...
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...carefree years into ones of turmoil and despair. The decade after the first world war ever saw tremendous change. Progressivism was a leading factor of World War 1 and in the 1920’s the evidence can be seen. Industries were making their products at an increasing rate. Products that were not popular before World War I were now used by millions of Americans. Cars were only used by about 9 million Americans and by the end of the roaring 20’s that number had reached over thirty million. Also many new inventions were created making life for Americans much easier. Radios, vacuum cleaners, irons, washing machines, and refrigerators were the new electronics that everyone had to have. Refrigerators allowed for better production and transportation of food products. This allowed you to keep food cold and fresh making exporting food a valuable part of the economy. These new inventions were making home life easier for men and women. Not only were American families buying these new items but they also started purchasing stock in companies at an increased rate. Buying stocks was available before the war but was not really done. Soon seven million Americans were buying and owning company stock. With the purchases of cars, washing machines, and stockks families were not making enough to keep up. Even though the wage had increased, people were spending their money on luxury items leaving none foe necessities. This demand for the goods but not enough money created a method used by manufacturers to...
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...What is Groupon? Groupon is a company that offers “group coupon” in deal of the day offering for local or national businesses such as local restaurants, stores, services, events and travel packages products. Background Groupon found by Andrew Mason. Groupon was launched in 2008, and the first market was Chicago, followed soon by Boston, New York City and Toronto respectively. It is also one of the fastest growing technology companies of the decade. By October 2010 Groupon was available in 150 cities in North America and 100 cities in Europe, Asia and South America, and had 35 million registered users. By the end of 2015, Groupon served more than 500 cities worldwide, nearly 48.1 million active customers and featured more than 425,000 active deals globally. Our Mission To connect local commerce, increasing consumer-buying power while driving more business to local merchants through price and discovery. Our Values Start with the Customer We’re always imagining new ways to exceed the expectations of all our customers—both consumers looking for great experiences at a great value and merchants seeking solutions to attract more customers and run their businesses better. Our deals and business tools connect the two in a seamless way that brings significant value to both their lives. Great People Make Great Companies We’re a home for creative, problem-solvers, and innovators alike—those with the passion and know-how to transform what-about into the products...
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