Capitalism, Socialism, And Participatory Economics

Contrary to popular belief, there is no best way to rule property ownership in society. While all political ideologies have individual proposals as to how ownership should run, there are inevitable flaws in all of them; the reason for these flaws are because of the dynamic nature of society. This essay will discuss and critique three alternative forms of property ownership: capitalism, socialism, and participatory economics. Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire, meaning freedom. Economically, this freedom portends a system in which trade, industry, and the means of production are private owned and operated to maximize profit. It also entails the ability to pass on to future generations. Capitalism may be associated with a negative denotation due to contravening responses in modern society depicted by media. However, there is high efficiency and strong economic growth in this structure. Firms in a cap italist based society face incentives to be efficient in production, to cut cost, and to avoid waste. â€Å"In a free market state, money is the motivator†, says Kiyoshi Nagatani in â€Å"Capitalist Exploitation and the Law of Value†. Money is an incentive which urges people to be innovative and hardworking. This expands the economy in means of increasing the gross domestic product and improving living standards. In theory, everyone can benefit from increased wealth within a community. Despite itsShow MoreRelatedPolitical Ideologies On Politics, Economics, And Morality992 Words   |  4 Pagesgovernment. These ideologies can influence people’s perspective on politics, economics, and morality. They are capable of launching social movements, starting wars, and creating new nations. There is a broad spectrum of political ideologies some of which that include anarchism, communism, socialism, liberalism, conservatism, and fascism. 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In fact, most countries - including staunch capitalist bastions like theRead MoreThe Concept Of Power Between Conservatism And Marxism1311 Words   |  6 Pageseducation, frames of reference and the marketing convince the working class that having money and similar elements are desirable and that capitalism provides everyone the opportunity to have these possessions. The idea is that the working class conception of their own interests have been manipulated by the ruling class so that the lower class individuals think capitalism is in their own interest rather than communism. Marxist concept of power argues that the class who holds the means of production isRead MoreModern Environmental Degradation And Exploitation3639 Words   |  15 Pagesresources of our planet. Since every transformative process bears the scars of revolution, Marx argues that, in emerging from the shackles of capitalism, socialism or the â€Å"first phase† of communism will bear the birthmarks of the previous order. 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In general, due to the diminishing economic conditions and the rise in poverty across Latin American countries, right-wing parties are winning popular vote. This movement is slowly shifting the tide in favor of the Americans and the people of Latin America. The Pink Tide was significant

Barack Obama s President Of The United States - 1417 Words

Barack Obama is the 44th president of the United States. He won presidency in 2008 while running against John McCain, then won re-election in 2012 while running against Mitt Romney. In this paper, I will be arguing his achievements and disappointments in his foreign and domestic policies, as well as what campaign promises he has kept or broken while president of the United States. Obama s foreign policy has been the policy of the United States since his administration was inaugurated into office in January of 2009. Hillary Clinton, who ran against Obama for the Democratic Presidential nomination in 2008, was appointed as Secretary of State. Massachusetts Senator John Kerry taking over in February of 2013. According to change.org, Obama’s foreign policy is; Barack Obama and Joe Biden will renew America’s security and standing in the world through a new era of American leadership. The Obama-Biden foreign policy will end the war in Iraq responsibly, finish the fight against the Taliban and al Qaeda in Afghanistan, secure nuclear weapons and loose nuclear materials from terrorists, and renew American diplomacy to support strong alliances and to seek a lasting peace in the Israeli-Palestinian conflict. Disappointments made with this foreign policy are failing to end the Iraq war, finishing the fight against the Taliban and al Qaeda, securing nuclear weapons and materials from terrorists, and supporting an alliance and seeking peace in the Israeli-Palestinian conflict. WhileShow MoreRelatedBarack Obama s President Of The United States1504 Words   |  7 Pagespromises being kept? Before Barack Obama was elected to be president of the United States, he made promises to the public but did not deliver after being in the office. According to Mark Engler, author of â€Å"Obama’s Broken Resolutions,† Obama promised to close Guantanamo Bay in front of a crowd of 1,000 on June of 2007 during his campaign election (Engler 53). Engler quoted Obama, â€Å"The senator repeated his vow the next month, and in subsequent campaign stops: ‘As President, I will close Guantà ¡namo, rejectRead MoreBarack Obama s President Of The United States1264 Words   |  6 PagesBarack Obama, the first African-American president of the United States of America was born in the State of Hawaii where he grew up. His grandparents raised him up from a humble background. The presidency of Obama began on 20th January in the year 2009 after he was sworn in as the 44th president of United States of America. Before unveiling his ambition of vying for the top seat, Barack Obama was the Illinois senator in United States. 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The foundations of choosing a president is based on great leaders of the country over many years since the beginning. Ironically, Barack Obama does not meet any of these principles of a good leader. Obama is one of the most c ontroversial presidents of all time because of his personal background, passedRead MoreHow the Life of Barack Obama Inspires798 Words   |  3 Pagesaway†(â€Å"Barack Obama Biography†.1). This quote gives a small insight and overview on how Barack Obama’s biographies, speeches, and other quotes such as the one above were inspired by his average childhood with having an absent father, his parents separated at a young age and living with his maternal grandparents. His early careers beginning as an organizer, starting politics and later becoming a senator. Lastly with his adventurous travels with his transits to Kenya, Indonesia, and Chicago. Barack Obama’sRead MoreApril M. Rodriguez. Professor Heaton. 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Spectacles are specific and dramatic media events that deliver important messages to the publicRead MoreBarack Obama s President Of The American Dream Essay943 Words   |  4 PagesBio Obama didn’t have an easy road to the oval office. His story, amongst other presidents, is one that embodies the true will of the American dream. A lot of people don’t know that Obama’s father abandoned him when he was young to pursue a degree at Harvard. Nor do they know that Obama lived in Indonesia as a child, or that he went back to his roots in Kenya to meet his family members. Obama played a critical role of shifting the direction of the United States. This paper analyzes the historyRead MoreThe Medi A Very Important Role Of Today s Society865 Words   |  4 Pagesevents. The author, Douglas Kellner, suggests how Barack Obama grew as a global super celebrity by using media spectacle. He argues how Barack Obama’s media techniques led the campaign in his favour in the United States’ presidential election of 2008 (Kellner, 2009). With much publication, broadcasting and advertising resources, Barack Obama was able to attract supporters through his culture and race. The first democratic spectacle was that of Barack Obama and Hillary Clinton. In the first time in history

Duke Ellington Biography free essay sample

D. C. Elongations parents James and Daisy actively supported his educational development. Duke had his first Plano lesson at the age of seven or eight; this did not fancy him too much. At this time he was Interested In baseball, which brought his first Job as a peanut salesman at the Washington Senators games. This helped Duke overcome stage fright, which was of use for the future to come. With his piano lessons fading in the past, he showed interest in the art. As a result he attended Armstrong ManualTraining School to study commercial art instead of attending and academics-oriented school. As time went by Duke began to listen and seek out pianists in Washington, and in summers while he would vacation with his mother in Philadelphia and Atlantic City he would also find deferent artist. On one of these vacations Duke met Harvey Brooks in Suburb Park. Duke later sought out Harvey In Philadelphia and spend time with him. We will write a custom essay sample on Duke Ellington Biography or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Harvey Brooks taught Duke many tricks and shortcuts on the piano, In doing so Harvey Brooks Ignited an Inner passion In Duke for music.Dukes first real connections were with Oliver Doc Parry and Louis Brown, they taught Longtime to read music and helped him improve his overall piano skills. Duke then started getting jobs at cafes and clubs throughout Washingtons streets. As a result of these happenings Duke decided to pursue his love for music and dropped out of school three months shy of graduating for a professional music career. In doing this he formed his own group in 1917, The Dukes Serenades. In the following years Longtime made three large steps to independence. First, he moved out of his parents house and into a house he had purchased.Second, he became his own booking agent for the band. Finally Duke married Edna Thompson and on March 1 1, 1919, Mercer Kennedy Longtime was born. A few years later Duke and his new family moved to New York, where he was already a popular muscular from radio broadcasts. Around this time Dukes renamed band The Washingtons established themselves well and were playing at all the well-known exclusive clubs. Later signing an agreement Irving Mills to produce and publish Elongations music. Many recording companys said Dukes band was one of the most sought after bands in America.Duke Longtime and his band went on to play all over from New York to as far as Cairo, and London playing with the best of the best in Jazz history. Before Passing in 1974 he wrote and recorded hundreds of musical compositions that will go on to be remembered. The Jazz Biography by Duke Longtime is my chosen CD. Song number one is Rocking In Rhythm Which has Duke Longtime on piano Clark Terry, Willie cook, Ray Nuance, Cat Anderson all on Trumpets. Quintet Jackson, Jaunt Tizzy, Bruit Woodman, on trombones Hilton Jefferson, Jimmy Hamilton, Russell Proper, Paul Gonzales, HarryCarney on saxophone and Wendell Marshall on bass and Lie Balloons on drums. These are the same artist for Flamingo and Deep Two of the other songs I am doing. Herein Jones, Roll Ericson, Cat Anderson on trumpets; Lawrence Brown Buster Cooper, Chuck Connors on trombones; Jimmy Hamilton, Johnny Hodges, Russell Proper, Pack Gonzales, Harry Carney on sax; Major Holey on bass and Sam Woodward on drums. The artist are the same for my last some The Hawk Talks. All of Dukes works have a hip sound to them in give me further interest in new musicians.

Due Diligence Report on NEWCO for Entrepreneurship- myassignmenthelp

Question: Discuss about theDue Diligence Report on NEWCO for Entrepreneurship. Answer: Introduction This report basically focuses on the importance, significant and material findings of the due diligence review of the new technology product NEWCO. NEWCO is the solar powered mobile charger which is designed to charge more than six mobile phones at a time. Objective of this project is to simplify the challenges related to mobile phone charging who live in the non-electricity area in Kenya. This report focuses on the due diligence of this project and reviews the strengths and weaknesses of the business model of NEWCO in the investors perspective. It is well known that the project NEWCO is new in the market and for the growth and success; there is the need of investment of fund in the market (Hoskisson, 2009). With the due diligence, investors would be able to analyze and review the strengths and weaknesses of this project. Along with this, they would be able to evaluate that the project is profitable for them or not. Due diligence is the management review of the investors for the spec ific company and project. Management team of the project is the crucial aspect of the evaluation of the business project. With the process of due diligence, aim of the investors is to evaluate the project to ensure that the project would be successful or not (Burns, 2014). Statement In case of the project NEWCO, due diligence is done in the investors perspective. The process of due diligence is best when it is assumed from the perspective of an investor. An investor always seeks for some return on the investment while investing in the any business or project. If the new product is developed inside the company, it is crucial to view each idea as the new business. Due diligence from the investors perspectives is helpful in identifying the problem with the product, resources to launch and develop the product and profit in order to sustain the business. With the help of due diligence, investor would identify the possibilities of profit and warrant the investment (Mouncey Baker, 2009). Strength and weakness of NewCo Business plan Strengths There are some strengths of the business plan of NEWCO. With the business model, company is able to have knowledge and broad expertise about the local market. NEWCO would be able to enjoy the economies of scale with bulk manufacturing. Business model of NEWCO is helpful in establishing effective partnership with other firms; it would be able to get freedom to operate in the market. Further, with the help of proper business model, sales agents would have compensation structure with the commission so that higher sales volumes can be drive. Business model includes proper interaction with the customers to enhance the sales volume which would improve language capabilities of the direct sales agents. Further, business also includes various strategies to improve the business and provide many ideas to facilitate timely sales. The business model of NEWCO describes the process of product design that is very easy to move and portable. So the business model has ability to describe the product ef fectively among the customers (Gavrrilova, 2014). Weakness Despite of various strengths, there are various weaknesses in the business model of NEWCO which must be addressed on the priority basis. With the given business model, it is observed that there is the lack of intellectual property right protection for NEWCO which can impact the business and create various risks for the future. Business model does not focus on the various ways of protection and risk management factors. Further, effective transport management is lacking the business model as lots of transportation is involved to distribute the finished products. Along with this, this business model does not focus on the strategies to improve the brand image so it seems that there is the lack of brand equity at the initial stage. Further, NEWCO has limited budget and fund. Business model is weak at this point. Proposals to improve business plan This business plan is for NEWCO project which includes new methods for mobile charging. This new project provides such system by which people can charge six mobile phones at one time. It is observed that around 75% of people in Kenya live in the rural areas and most of which are un-electrified. So, people have to face challenges to charge their mobile phones. NEWCO has come with the new concept (Mason, 2015). Although this system is totally new in the market and it is important for the project to focus on the business plan. Basic objective of the business plan of NEWCO is to provide custom solution to the people who are facing charging issues in the rural areas. Along with this, aim of the project is to enhance the efficiency of the customers and establishing long term relationships with the stakeholders. By analyzing the business model of the project, it is observed that there are some areas which must be improved from the perspective of the investors so that more and more profit ca n be generated (Lymbersky, 2009). Technology It is well known that NEWCO is providing new technology of mobile charging. In Kenya, many people are living in the un-electrified rural areas and they gave to deal with the challenges to charge their mobiles. Mobile phones are important for the people in current time and they have only device to stay connected with the world. Most of the people are farmers in Kenya and by the mobile phones; they are able to call various suppliers and customers for their products. But for them, there is no easy way to charge their phones as there is the issue of electricity. NEWCO has aim to deal with this issue by providing mobile phone charging facility in the rural areas. This is a new technology for the people who are living in the rural areas. NEWCO is the electric device so; there is the need of security and safety that must be provided to the customers (Teece, 2010). Different forms of protection It is observed that NEWCO is the new system of mobile charging. So, there are the possibilities that people are not much aware about this. It is the responsibility of the project and team members to provide safe and secured product so that that they feel free in purchasing the charging systems. For this manner, management team can adopt some forms of protection in the product. Intellectual property protection There are basically four types of Intellectual property protection for the for the technology products i.e. trade secrets, patents, trademarks and software copyright. NEWCO can apply for the patent and trademark protection. Further, there are no formal registration processes for the trade secrets as every company uses different strategy for the trade secret protection. Holding patent and other rights, NEWCO would be able to provide moir profit to the investors. NEWCO can license its patents to generate more revenue. Freedom to operate When a company is planning to launch new products, it has to analyze the market as it would get freedom o operate in the market or not. In case of NEWCO, it is observed that in the rural areas of Kenya there is the lack of electricity. People have to deal with the challenges to charge their mobile phones. This shows that no one company has come up with such kind of project. So, it is assumed that the project NEWCO would get success in the Kenyas rural market. The team members have to analyze the competitors in the market who have same patent to operate the business. The entrepreneur will get freedom to operate in the Kenya market as there are small numbers of competitors. Team members of the project would be prepare if there are any new competitors (Filet, 2013). Protection strategy By analyzing the financial plan of NEWCO, it is observed that the business of NEWCO is quite attractive and started with the low sales volume. But, there is the possibility that the business will make loss in the long run. The reason is that in the first year, the business is very challenging in terms of new geography and setting up new strategy would be difficult for the project team members. There are depreciation and income tax charges that are challenges for the small business in Kenya. So, in the first year, business does not have sufficient fund to implement protection strategies effectively (Seshadri, 2009). Value chain Creating a strong value proposition means to be better than competitors and being more successful in the market. NEWCO is very innovative product which would provide values to the customers. This product is convenient, meets the lack of current market and easy to use by the customers. The product will make the life of customers easier by not having worry about the battery of their mobile phones. The strategy of NEWCO is to focus on the ease of the buying process of the final consumers (Payne Holt, 2008). The target customers and end users for NEWCO are people aged 20 to 35 with the middle income and interested in the innovations. Since the product offers the solar power to charge the mobile phone. This will eliminate the use of electric charges and risk of dead phone. It will create great convenience to the customers and mobile phone users so that they will no longer have to worry about charging the phone all the time. There are many rural areas in Kenya with no connection of the el ectricity grid or expensive or unreliable power access. This little solar power gadget is proving to be innovative (Joshi, 2009). Business model Pricing model For the product NEWCO, company would use cost-based pricing strategy that would include designing of the product and then setting the prices based o costs. After analyzing various costs that will be applied to the product and achieving a markup, the price of a product will be decided. The unit price will decrease as the variable costs will be decreased. So, the prices for the NEWCO will be affordable for every customer so they can purchase the product easily (Marcer, 2012). Growth strategy Mobile phones are responsible for the huge electricity consumption. Solar mobile phone chargers can be helpful to decrease this consumption. The development of NEWCO will increase the use of mobile phones and make the phone accessible for the poorer people in all over the world. So, team would adopt proper growth strategy for the success of the new product in the market. With proper pricing and positioning strategy, the solar mobile charger would be able to reach various customers in rural areas who have no access of electricity. The solar power mobile charger is the growing consumer demand for the environmental sustainability. Along with this, solar power is the infinite resource and that will continue to advance in the effectiveness and efficiency. So for the investors, it is worthy investment as it will continue to improve over the time (Farahmand, 2011). Market Market size The market for NEWCO is horizontal and there are wide ranges of opportunities in the market of Kenya. For the product NEWCO, entrepreneurs are focusing on the country Kenya and the country has population of nearly 30 million residents. It is observed that over 19 million people in this population are using mobile phones. Along with this, around 12.5 million mobile users are living in the rural areas which are un-electrified area. Along with this, it is also assumed that the demand for NEWCO will increase in future and take off at a fast pace. Mobile phone industry is one of the fastest growing industries in the world. The global mobile industry is now most fastest and vibrant industry in all over the world. The demand of NEWCO will increase as they are simple to use, affordable for the people and saves time. In the scarcity of electricity, there is the need of the solar mobile charger that can charge every mobile phone (Fifield, 2012). Use of mobile phones is increasing day by day and for the people living in the rural areas, mobile phones are only medium to stay connected with the world. But in those areas, electricity is always a problem and it is becoming a serious issue for people to keep their phones charge. In order to solve this issue, NEWCO is launched that will eliminate the use of electric chargers and provides more convenient way to charge the phones with the environment friendly way. Market segmentation Geographic The geographic factors include the area where the product is launched. NEWCO would be effectively offered in the rural and urban areas of Kenya. The reason is that there is the issue of electricity. There are around 12.5 million customers who are living in the rural areas of Kenya. It is true that the solar panel work better when sun shines. But, team has to make the people understand that solar panel can also work also without bright sun. Solar panels catch the solar beams by the clouds and they are able to change the rays in to the electricity in the cloudy weather conditions. Solar mobile charger can be very useful in the rural and urban areas where the supply of electricity is unpredictable or power grid is unreliable. Many experts have recommended that solar powered mobile chargers will be most successful in the rural area of Kenya. The chargers would come up with the reasonable prices which would be more affordable for the people who are living in the rural areas (Glowik Smycz ek, 2011). Demographic The most important demographic criteria include income, age, occupation and education. For the product NEWCO, people will be targeted with the average age of 20 to 46 years. The reason is that these target customers are willing to adopt new and innovative products. in the rural areas, most of the people are farmers so, for NEWCO, middle income level customers will be targeted. Behavioral factors The intentions and interest of the people are continuously increasing towards the sustainable technology. The product NEWCO will provide a convenience to the customers to charge the mobile phones by the solar power charger. The perceived vale and versatility of the product has ability to achieve mass appeal of the market. The attitudes of solar charger NEWCO wants to improve positive and sustainable solutions for all the mobile users (Schnaars, 2010). Analysis of market timings For the success of the product, it is important to focus on the market entry timing. For NEWCO, any time would be suitable to enter in the rural market of Kenya as the issue of electricity is permanent there. Along with this, there is no such competitor there which is providing this type of technology. So, NEWCO has advantage in this manner and it can enter in the market at any time (Lee, 2009). Team For the manufacturing of NEWCO, the design and engineering team is based on the county UK. There are skillful and talented people who are employed to sustain competitive advantage in terms of design innovations, cost efficiency and product. For designing the product NEWCO, it is important to have full time resource by recruiting designers and engineers. After spending budget on 2nd and 3rd year with the design and engineering process, freelancers will be recruited as company is going to redesign the model so that cost reduction can be achieved. Further, there is the sales and marketing team and various managers are recruited in Kenya for the marketing purpose. The marketing team is accountable for the marketing processes and ensures the effective and efficient sales drive and manages the sales force. Along with this, there is the fulltime staff also to manage the internal operations in the business (Drummond, Ensor Ashford, 2012). Financial In the financial part of NEWCO, it is observed that the financial part is divided for the various departments. The fund is distributed for the each business operation i.e. human resource, sales and marketing, product manufacturing and infrastructure and operations. These all expenses come under the fixed cost. It is analyzed that company has effectively distributed the fund into each departments. The upfront investment by the firm would build branding awareness. Firm has focused on the cost plus pricing analysis to analyze various costs in starting. The total cost per unit is decreasing due to decreased sales volume. NEWCO is new in the technology industry and it is assumed that the firm will meet the breakeven point in the second year. The balance sheet of the firm includes credit amounts and terms of suppliers in inventory as the short term liabilities (Toor Dhir, 2011). Firm has GAP model for the effective financial operations. Based on the cost analysis, firm has five year finan cial plan. It is observed that with the increase of the products, the fixed cost over the previous year would also will reduce dramatically because of the higher volume of product sold. Based on these assumptions, it is observed that the financial plan for NEWCO is realistic for the investors and they will gain good returns within next five years (Gruca Rego, 2009). Conclusion Due diligence is the process to review the business plan of a product or new project. For NEWCO, this report describes the due diligence of business model and analyzes whether it is profitable or not. Based on the above discussion, it is observed by the business model of NEWCO that this is the new project for those people who live in the rural areas of Kenya. People have to face challenges to charge their mobile phones due to the unreliability of electricity. Although the business model of NEWCO is quite impressive from the investors perspectives but there is the need to improve the model in terms of some factors. Based on the analysis and review, it is analyzed that this new project will be profitable for the investors but they will get the returns from the second year after the sale of the products. References Burns, P. (2014), New venture creation: a framework for entrepreneurial start-ups, USA: Palgrave Macmillan Drummond, G., Ensor, J. Ashford, R., (2012), Strategic Marketing: Planning and Control, (4th) London: Palgrave Macmillan Farahmand, N. F., (2011), Organizational marketing planning by management educated managers, African Journal of Marketing Management, 3(8), pp. 178-187 Fifield, P., (2012), Marketing strategy, (2nd), Berlin: Reed educational publishing Pvt Ltd Filet, E., (2013), Conceptualising Business Models: Definitions, Frameworks and Classifications: Journal of Business Models, 1 (1), 85-105. Gavrrilova, T., (2014), Modern Notation of Business Models: Visual Trend: Foresight-Russia. 8 (2). 567 Glowik, M. Smyczek, S., (2011), International Marketing Management: Strategies, Concepts and Cases in Europe, Page 301, (4th), New York: Physica-Verlag Gruca, T. S. Rego, L. L., (2009), Customer Satisfaction, Cash Flow and Shareholder Value, Journal of Marketing, 69, 11530 Hoskisson, R., (2009), Business strategy: theory and cases. (6th), UK: John Murray Joshi, A. W., (2009), Continuous supplier performance improvement: Effects of collaborative communication and control: Journal of Marketing, 73(1), 133150 Lee, G. K., (2009), Relevance of organizational capabilities and its dynamics: What to learn from entrants product portfolios about the determinants of entry timing? Strategic Management Journal, 29, 12571280 Lymbersky, C. (2009), Market Entry Strategies: Text, Cases and Readings in Market Entry Management, (5th) Australia: Christoph Lymbersky Marcer, D., (2012), Marketing strategy: the challenge of the external environment. (5th) London, Washington: Sage Publications Mason, H., (2015), Trend-Driven Innovation: Beat Accelerating Customer Expectations. John Wiley Sons Mouncey, P. Baker, S., (2009), The market researcher's manifesto. International Journal of Market Research, 45 (4), 415433 Payne, A., Holt, S., (2008), Diagnosing Customer Value: Integrating the Value Process and Relationship Marketing: British Journal of Management, 12 (2), pp 159 182 Schnaars, S., (2010), Marketing strategy: a customer-driven approach, (5th) Huntington, New York: Free Press Seshadri, S., (2009), Sourcing strategy: principles, policy, and designs, India: PHI Learning Pvt. Ltd Teece, D. J., (2010), Business Models, Business Strategy and Innovation. Long Range Planning, 43, 172-194 Toor, T. P. Dhir, T. (2011), Benefits of integrated business planning, forecasting, and process management: Business Strategy Series, 275-288