Saturday, May 23, 2020

Prostitution Is Being An Unworthy Profession - 1914 Words

An age old profession known as prostitution paints the history of virtually every culture dating back to the cultivation of each society. Throughout the years the stereotypes of these women who identify themselves as a prostitute has changed from one of respect to one of disgust. One thing remains constant the motivation that drives someone to choose a lifestyle where the body, in the eyes of many religions is a holy temple, to be repeatedly used. When looking at the purpose of prostitution from the view of the prostitute majority of the time survival played a key role in the decision making of the women. Prostitution can be defined as â€Å"the practice or occupation of engaging in sexual activity with someone for payment†, some may even add the labels of unworthy and corrupt to this occupation. My question is what exactly qualifies prostitution as being an unworthy profession to engage in. As of now Nevada is the only state in the United States to allow some form of prostitu tion while the forty nine other states still have outlawed it completely. I have researched and decided there are no valid arguments that justifies prostitution to be illegal. There are those who claim that a form of oppression is through prostitution. This is being unjustly treated or controlled, by understanding this you’ll start to question isn’t telling a woman if you partake in prostituting you are now a criminal and must be treated like one is true oppression. We are taking away the control a womanShow MoreRelatedCauses and Effects of Prostitution757 Words   |  4 PagesA. Prostitution in the Philippines 1. Propagation of prostitution during the time of the Spanish Colonization in the Philippines ïÆ'Ëœ The rape of native women by the Spaniards created a reserve of â€Å"fallen† women who became available to service not only the homesick Spanish troops and dignities, but also the friars. ïÆ'Ëœ By the 19th century, prostitution was an occupation for women in Manila. 2. Prostitution during the time of the American Occupation in the Philippines ïÆ'Ëœ The outbreak of the Philippine-AmericanRead MoreProstitution Paper2092 Words   |  9 PagesA Look at Lars Ericsson: Charges Against Prostitution Lars Ericsson proves his conclusion that prostitution is morally unobjectionable through three separate premises. The first is It is morally unobjectionable for a consumer to purchase nonsexual services from a supplier in a free exchange on an open marker. Ericsson intends morally unobjectionable to mean that there is no moral reason to object to a certain service. A free exchange is one in which both parties agree upon a certain serviceRead MoreThe Industry Can Cause A Lot Of Trouble For People1681 Words   |  7 Pagesdiscovered that they’ve worked or work in the industry. People in the industry are looked down on. Janet Mock experienced this when she was robbed and sought help from the police, â€Å"He wanted to squash this report and put me in my place as a prostitute unworthy of justice. His indignant tone said what all three officers were thinking: There is no purpose in writing a report for you as you pretend to be a victim. You brought this on yourself† (217). When someone in the industry faces an injustice like JanetRead MoreCritical Comparison of Sonia from from Crime and Punishment, and Gretchen from Faust2050 Words   |  9 Pagesdont know whats happened!† (D 26-8). In order to sustain her emaciated family, Sonia has no choice but to resort to prostitution. Lebeziatnikov logically defends Sonia’s actions, she was quite right†¦that was her asset, so to speak, her capital which she had a perfect right to dispose of (D 319). Sonia’s action was a last resort to ease the suffering. The suffering of prostitution is better than the suffering of starvation. Gretchen, on the other hand, simply participated in household labor, â€Å"weRead MoreInnocence Trapped Within : Crj 422 Criminal Justice Capstone5487 Words   |  22 Pagestrafficking. Throughout the next eight years, the Mann Act was enacted, forbidding the transportation of any person across state or international lines for the purpose of prostitution or other immoral purposes (Sex Trafficking, 2000). There has been a problem and it is growing at a terrifying rate. Many women and young girls are being kidnapped and transported and even sold to the highest bidder for sex. With the promise of a better life many of these girls and women are not realizing that they areRead MoreJohn Cleland s Memoirs Of A Woman Of Pleasure Essay6388 Words   |  26 Pageslibidinal investment in the novel’s sexual fantasy. The novel’s prostitutes, then (with the notable exception of Phoebe), possess a remarkable â€Å"sameness,† as Fanny herself notes about the employees of Mrs. Cole’s brothel, in terms of â€Å"sex, age, profession, and views† (93). On the other hand, the men in Cleland’s novel present the reader with a range of physical traits, class positions, and identities; I argue that the figure of the standardized prostitute serves to mediate between these men in orderRead More Chairman Mao and Womens Rights in China Essay2977 Words   |  12 Pag eseffects of Chairman Mao on the people of China was his somewhat radical opinion of woman. Prior to the Communist Revolution, women’s role in Chinese society was almost completely limited to life within the home and focused on supporting their family and being submissive to their fathers and husbands. Chairman Mao realized that women were one of the oppressed groups in China that could be utilized to increase his control over the country. While women’s rights still have a long way to go, it can definitelyRead MoreHow Policies And Procedures Within Own Uk Home Nation Affecting The Safeguarding Of Children10453 Words   |  42 Pageschildren and young people while they are in care. The five outcomes ensure children’s and young people’s needs are met and have the support they need to be healthy: to be safe, to enjoy and achieve, make a positive contribution and achieve economic well-being. The law ensures that every child is mentally, emotionally and physi cally fit and obtaining the care that meets their needs. For example, in children’s residential home children will be encourage to eat a healthy balance diet. By providing a nutritious

Tuesday, May 12, 2020

Erik Erikson s Psychosocial Theory - 1652 Words

Erik Erikson s psychosocial theory and Sigmund Freud s psychosexual theory are two well-known theories of personality development with various similarities and differences. While Erikson was influenced by Freud s ideas, his theory differed in a number of important ways and was ultimately created to be an improvement to Freud’s personality development theory (Friedman Schustack, 2012). Like Freud’s psychosexual theory, Erikson agreed that personality progresses in a sequence of predetermined phases. However, unlike Freud’s theory of psychosexual stages, Erikson’s theory describes the impact of social experience across the whole lifespan (Hoare, 2005). According to Freud’s psychosexual theory, personality develops across 5 sexual stages while Erikson’s develops among 8 social stages. Freud’s theory has fewer stages due to his belief that the last stage of identity develops during adolescence, while Erikson’s theory had more stage s because he believed an individual’s identity continually evolved over their entire lifetime (Hoare, 2005). The 5 stages of Freud’s theory: Oral, Anal, Phallic, Latency and Genital, will be discussed, compared and contrasted with Erikson’s 8 stages: Trust vs. Mistrust, Autonomy vs. Doubt, Initiative vs. Guilt, Industry vs. Inferiority, Identity vs. Role Confusion, Intimacy vs. Isolation, Generativity vs. Stagnation, and Integrity vs. Despair (Passer, Smith, Atkinson, Mitchell Muir, 2011). Each stage in Erikson’s theory involves aShow MoreRelatedErik Erikson s Psychosocial Theory Essay1641 Words   |  7 PagesErik Erikson’s psychosocial theory states that we go through 8 developmental stages in life. Erikson states that these stages are necessary in the progression and development of human growth from infancy into adulthood. Each developmental stage presents a crisis that must be resolved during that stage for a healthy development. Erik Erikson ’s psychosocial theory outlines that we develop in psychosocial stages instead of psychosexual ones. I agree with Erikson because one might not get through theRead MoreErik Erikson s Theory Of Psychosocial Development884 Words   |  4 PagesErik Erikson Erik Erikson was born June 15, 1902. Erikson is best-known for his famous theory of psychosocial development and the concept of the identity crisis. His theories marked an important shift in thinking on personality; instead of focusing simply on early childhood event, his psychosocial theory looked at how social influences contribute to personality throughout the entire lifespan. Erik Erikson died May 12, 1994 due to prostate cancer. (Erik Erikson, 2015). Stages of Psychosocial DevelopmentRead MoreErik Erikson s Theory Of Psychosocial Development Essay1177 Words   |  5 Pages Erik Erikson was born in Greman in 1902-1994, American psychoanalyst; known for psychosocial theory of emotional development of human beings. His theory looks at the impact of parents and society on personality development from childhood to adulthood. Erikson believes, each person has to pass through a series of eight stages over there entire life cycle. I will look at the first 3 stages that cover the childhood years. There are set of conflict at each stage, which allows individual to developRead MoreErik Erikson s Psychosocial Development Theory1518 Words   |  7 PagesABSTRACT This research paper will show a thorough review of Erik Erikson s Psychosocial Development Theory, specifically the transition from adolescence to adulthood. Psychosocial Development, according to Erik Erikson, is a continuity of crisis throughout our lifespan; these challenges will shape our personality and the way we perceive our surroundings. In addition to this, the different stages mentioned in this Theory complement each other and help us to develop the tools to achieve a sense ofRead MoreErik Erikson s Theory Of Psychosocial Development Essay1366 Words   |  6 PagesAbstract Erik Erikson (1902-1994) provided a new perspective of psychosocial behavior and development while expanding on the works of other theorists. Erikson believed there to be eight stages of psychosocial development which a person transitions through. These stages start at birth and end with old age/death. Erikson’s work is used throughout many outlets of social work. Social workers use this information to help them figure out what is going on with clients and how best to help them. Erikson providesRead MoreErik Erikson s Theory Of Psychosocial Development1445 Words   |  6 PagesErik Erikson was an ego psychologists who developed one of the utmost popular and prominent theories of development. While Erikson’s theory was influenced by psychoanalyst Sigmund Freud s work, Erikson s theory centered on psychosocial development rather than psychosexual development. Erik Erikson s theory of psychosocial development is one of the best-known theories of personality in psychology. Much like Sigmund Freud, Erikson believed that personality develops in a series of stages. UnlikeRead MoreErik Erikson s Theory Of Psychosocial Development1818 Words   |  8 Pagesinfluential theories in developmental psychology, which is Erik Erikson’s theory of psychosocial development. It is a very interesting theory, and although it was influenced by Sigmund Freud, it centers more on the social component rather than the psychosexual stand of Freud. According to Erikson, our personal development occurs as we interact daily with others and have new experiences that shape us throughout our lives. This paper will review the eight stages of the psychosocial theory: 1. TrustRead MoreErik Erikson s Theory Of Psychosocial Development Essay1775 Words   |  8 Pages Erik Erikson’s theory of psychosocial development is one of the most influential theories of human development. While highly influenced by the works of Sigmund Freud, Ericson’s theory incorporates the impact of society and conflicts of the ego, and expands it across the entire life-span of human existence. His theory breaks a life into eight stages of Psychosocial Development. In each stage a person will undergo a psychosocial crisis, which he defines as â€Å"†¦not a threat of catastrophe, but a turningRead MoreErik Erikson s Psychosocial Theory788 Words   |  4 Pagesfriends. Majority of the staff felt that he did not deserve to have the cupcakes. Thus, in the end, my cooperating teacher decided not to celebrate his birthday. Reflect Joseph is ten years old and is in the fourth grade. According to Erik Erikson’s psychosocial theory, he is in the industry versus inferiority stage (Crandell et al., 2012). Students at this stage are curious and want to complete tasks independently. They want to feel competent and want to show that they are capable of accomplishingRead MoreErik Erikson s Psychosocial Theory Essay1155 Words   |  5 Pagessocial development. In Erik Erikson’s psychosocial theory, social interactions are an important and determining factor of lifespan development. Although Erikson was influenced by many of Sigmund Freud’s studies, his studies were based upon psychosocial development versus psychosexual development. Erikson, like Freud, emphasized the importance of childhood on personality development, but unlike Freud, he believed that development occurred across the entire lifespan. Erikson thought personality developed

Wednesday, May 6, 2020

WeChat Connect with Friends Free Essays

string(29) " attention to this platform\." Some of the website use their own language, and some use English. The most activity page Is Weight Indonesia; It has more than 800,000 Likes and 63 thousand talking about this. The second one is Weight India. We will write a custom essay sample on WeChat: Connect with Friends or any similar topic only for you Order Now It has more than 747 thousand likes and 7 thousand talking about this. Other pages have about 20 thousand likes. Some activity pages, like India, Malaysia, have different cover pages; but some, like Hong Kong, Australia, have the same cover page and most of the content are the same. If there is a need to separate Faceable by countries, It should every country character. If It makes every hint the same, it Just need one Page. Because It has 1 1 pages, I want to choose two typical ones of them. The Weight India page Is the most activity one. And it almost update twice a day. At first glance, we can see almost every post has picture with Weight icon. It is a good way to give new users the impression of Weight. The photos can help you know what they post. You even have no need to see the worlds up the photos. Weight has a function that people can build fan page in Weight about some topic, which Is Interesting or useful. Then people can get newest Information from that page or we can call It group. On their Faceable, they always post some Weight group, and promote you to follow the Weight ID, Like PER Cinema, or Colors TV. I think the reason why there are not so much replies is also because when people find a group on Weight, they would like to have a talk on Weight. It is a good way to appeal people to use it, but it also needs to create conversation on its Fan page. So that others who do not use Weight can know the opinion from those who use It. Those opinions will be the first suggestion for them to use It or not. To promote Itself, Weight posts their function and explain how to have fun with them. The conversation under this kind of poster has not so much replies, but if some one says he has problem with Weight, Weight will reply him with the solution. I think that is not enough for Weight to have interaction with people. They can lead some interesting topic on Faceable, not only introduce the function or follow some groups. Another one I want to choose Is Weight Taiwan. I choose this one because the posters they have on their Fan page. It not only talk about Weight Itself, It also post the conversation. However, Weight Taiwan does not have so many fans. It is not so activity like Weight India. It may Just post one for one or two days. That will not help it show up in public. Maybe because it is an App, so when people download and use it, they may not pay so much attention on its Faceable. No matter which Fan page, it always do not have so many replies. It is an important point they need to develop. I think when people have more replies and more share on Faceable, other who never heard about it can see. Now Weight is expanding its market, so it needs more activity. Another point I want to mention is that it has 11 Faceable Fan pages, but I think it need a main page for all over the world. Then on the main page, Weight can put the links of different countries. This can help people who do not in these countries can like Weight page and pay attention to what happen. Twitter: The same as Faceable, it also have individual page for different countries. Here is the problem, it do not have a list on its website of all Twitter it has. It has about 146 thousand followers, and it updates frequently. It rewets others’ Twitter. Most of them are those people’s opinion about Weight, like they can have group talk with friends or he can have free video chat with friend in Beijing. I think it is a very good way to promote their product. In this way, when people want to see the react of Weight and they find its Twitter and see these Tweets, they will think it is a useful and convince App. Here I also want to mention the Weight India. It has fewer followers than its main page, but it has about 10 times tweets. Weight is a Chinese app, when it wants to open it foreign market, India is their first choice. Now, India is the second biggest user of Weight, and because China use it own social media, like Webb, Renee. Then India is very activity on its promotion. On Weight India, it wets average 3 times a day. It will post some important event on both Faceable and Twitter with photos. Weight India is the only one has a Weight background picture. From this detail, we know Weight India is doing diligently and attentively. It has hash tag, and people always talk about how they use Weight; or when someone builds a group, he or she may washrag Weight. I think Weight can rewet this kind of tweets. It can help people expand their group, make those who have same interesting come together, also it can tell them use Weight. It can kill three birds with one stone. Not only its own hash tag, it also uses other hash tag to connect with other activities. Blobbing: When I searching its blob, I find it do not have a link to its blob. Finally, I find All About Weight blob. It does not seem like the official blob post because it has no background, no other information. It looks like very simple and I do not think they pay attention to this platform. You read "WeChat: Connect with Friends" in category "Papers" Under the title, it has one sentence: now we are here with a link. There Just one more blob, and others are exactly the same. If two places have the same articles, why it need to separate readers to different platform. Some posts re even in Spanish. Spanish is the second language in US, but it can’t Just post in Spanish. They can have two posts with same content in different language. The I do not think it can typically representative the main idea. It talks about new emotions for Weight, why it needs to have tagged all, about. The emotions are different, but the tags are the same. At the top, it has a sentence saying: All you need to know about Weight: Readers from 154 countries as of May 2013. Where are the readers? There is no comment, no evidence to provide the dates. Another reason why there is no comment maybe the article is too short. The article is like posts on Faceable, not many words, Just a picture and several words to explain. When people first see on Faceable, they may want to comment, but if they see it again on blob and without any new, they do not want to comment. The article is not â€Å"news† for them. As I know from class, Weight India hires writers to writer about Weight every month, maybe the blob is on their country website. Actually I also see articles and news about Weight, but it does not have a specialized platform to collect this article to let people know comprehensive Weight. I find their official blob website, but it is a Chinese website. I want to write about it because it has some good points. The articles are formal and have many replies. The Weight team posts these articles. All the topics are people concerned and they like to give opinion about these topic. It does not have tags, but it has classification. Then people can know the article is about function, tips or update. I hope they can work on this platform because from the replies, we can know there are many people following Weight and they must want to now information from official website. It they use it, they also need to change or update some things. It needs IRS or other ways to share the article, and tags for easy to search. Linked: In my point, Linked is a social media for career or company. Weight do not use Linked so well. I find a Weight Marketing Linked page. It has a big problem that it does not use it in English. I think if it wants to open its market, the first thing it needs to change is the language. I also suggest they can have a list of employees, especial like the CEO. Then people can see the size of the company or if they want to find a job in Weight, they can know who need to connect with. Weight almost posts rarely, ND I find some article even with strange pictures. The pictures have noting to do with the topic. In my opinion, the picture is also a media tool, and it can tell people directly. Maybe because the fan page name is Weight Marketing, it Just posts articles about marketing. It should be emphasis marketing, but not only marketing. It also can post the App itself or some interesting things happen with Weight. Under their products and services, there are Just two articles. From my experience of using this product, I think it can have more pages talk about this product specifically. In its Faceable, when it updates its App, it will have a post on Faceable to help people get new function. Linked can help people know what you have, so I think it is important to have a complete introduction of the function. It has Linked group with 161 members, but Just few of them are working at Weight. It is really not an activity group, and the nearest post is amounts ago. Weight need to pay attention to Linked because it is a good social media to promote itself. In its group, it needs to add more employees and post more about Weight. Otherwise, the members talk try to make friends there. I know most of employees are Chinese, and they do not use Linked. However, if Weight want to have more users, it needs to take full advantage of social media. They can’t be stuck by Chinese social media and culture. Youth It has Weight India channel on Youth. It has four parts, Weight TV Ad, Stars on Weight, Weight Global, and Weight Feature Tutorials. In TV Ads part, the most popular video has more than 3 million views, and the average view is 100 thousand. The ads are interesting though it speak Hindi and people also reply they think it’s funny and amazing, and they want to use this app. It means the ads do a good promotion. Though I do not understand what they are talking, but I can know the story from their action. Weight use small interesting stories to tell people Weight is a very convince way to communication and many India stars are using it. Each part has about 50 videos. I can’t tell whether it is lot or litter for it because I think as ad it needs to update and it will have new ads coming. When a new advertising showing up, if it can inform people to use it, then it is successful. Form the reply, we know the video catch audiences attention and they will try this app. I also think it can have a broad let audience put their own video. What does user do with Weight? It also can be interesting. Conclusion I think there has big space to improve its social media. First thing is its website. When people want to know a product. He must go to its website first. In Yacht’s website, it does not have all social media it has. It also does not have a list of which countries can use its product. As I mentioned before, it need to have a main page for Faceable, Twitter. On the main page, it should have links to separate pages. The language is also a big problem. Weight tries to be an international app, so it needs to unify its language in English. To translate the media, it Just needs to have language selection at the top. Among all the platforms, I think they use Faceable and Twitter best. They update everyday and have reaction with followers. If I grade this company, I will it a B- or B. As a company, its social media cannot Just about one or two countries. India does very well, the Faceable, Twitter, Youth, and blob. It is activity on these platforms and does an effective promotion. However, in other countries Faceable, they seems like not pay attention to social media. Again the Linked is about the company; maybe costumers will not check Linked. They still need to fill out it. When people access to some technical, they may want to find who produces it, and who are in the team or what do the team create before. It should have a Weight Linked page, not Just marketing page. Its main market is in China, and Chinese has Webb. At first I do think it need to promote it in China because almost every phone has Weight. But now I think whether it is the first communication tool in China, it will need promotion and social media. It needs to have something new to keep people sing it. How to cite WeChat: Connect with Friends, Papers

Saturday, May 2, 2020

My last PC purchase free essay sample

My last PC purchase, was a laptop that I purchased through gateways direct sales. Some of the advantages of purchasing via online direct sales are; customization of order, cheaper prices, and the convenience of not leaving my home and having the PC shipped directly to my door. When purchasing my computer I viewed the cons of purchasing direct being not able to have a knowledgeable sales person to help you incase you had a question, not being able to compare competing products side-by-side, and not being able to interact with the product. The advantages of purchasing a computer through a retailer would include being able to use the PC, compare them, find one that meets my needs, and ask knowledgeable sales people about the advantages and disadvantages of competing products. Todd Bradley essentially completed a SWOT analysis of HP and realized that HP was putting resources into market where dell had the competitive advantage. We will write a custom essay sample on My last PC purchase or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Mr. Bradley also noticed that there was an opportunity for HP in the Retail PC market. Some strategic assets that HP had for competing in the retail channel included previous experience and relationship with retailers and distributors. Mr. Bradley made personal visits to retailers and distributors to help eliminate problems and logistic errors that continue to slow down the movement of products, and create personal relationships. Mr. Bradley increased marketing for HP within retail outlets well focusing all ads on there market niche, in every add HP added to visit your local retailer, focusing on the more personal side of PC sales. Mr.Bradley focused on getting everyone on board with his new process and idea, from the manufacturer all the way to the retailer. Dell and HP have different strengths and weaknesses. It is not logical to compete where another company already has a huge advantage. It is important to exploit a company’s strengths to seize new or old that others have overlooked to gain a competitive advantage. For HP to maintain an advantage over Dell they should think of creative ways to offer more personalization to a consumer’s PC in the retail outlet with help from a knowledgeable sales associate. They could also create a larger variety of models for people for people of different needs. Lastly HP should focus there marketing at steering the consumer away from online computer purchases by making them aware of the advantages of purchasing in store. In order for Dell to improve its business and compete more successfully with HP, they should focus on the online computer market where they have a distinct advantage, well maintaining exposure with in retail outlets. Dell should focus on drawing customers out of the stores and on to the internet by advertising the amount of customization, personalization, and support available to there direct customers. Dell may also attempt to encroach on HP’s strong retail market by placing very high end computers in stores to create a reputation of dell being superior to hp. Then can then use the high end computers to connect consumers to there online market place. In the battle between HP and Dell the importance of knowing our strengths, weaknesses, and the opportunities is illustrated. Often times, companies forget that they are an individual entity and rather then exploiting their individual strengths and taking advantages of the competitions weaknesses they just emulate the actions of the competition. Companies must Zero in and focus on what the competition is doing so that they can react accordingly. It is often necessary to use advertising to get the consumer onto â€Å"your playing field† From this case it is also apparent that today’s market place is fast paced and ever changing, because of this it is increasingly important for companies to be innovative to stay ahead.

Tuesday, March 24, 2020

Eugenics And A Brave New World Essays - Molecular Biology, Cloning

Eugenics And A Brave New World Eugenics. The word strikes fear in the hearts of many. Visions of Aldous Huxley's Brave New World, along with memories of Nazi experimentation and the Lynchburg sterilization colonies in the United States, cause many to dismiss the idea of cloning immediately. However, in reality, cloning has nothing to do with eugenics or genetic engineering. Cloning is the duplication of genetic material without any alteration. Germ line therapy, however, involves changing the material for a specific purpose. It does not make sense to combine the two processes for the sake of argument. What affect could cloning have on disease research? Cloning could be extremely valuable in studying the process of human development and disease influences this system. Scientists are already cloning genes to produce and test new drug products. Cloning animals (such as mice) could be used to produce knock-out specimens for testing. Not to say that we should produce knock-out humans, but isn't there a possibility that human cloning could actually help us find cures to a number of diseases? Could cloning be used to produce transplant organs or brain-dead clones for organ harvesting? Some claim that cloning would enable us to produce transplantable organs that would not be rejected by the recipient's body, since they would be produced from his own genetic material. This may be possible. However, there has not been enough research to confirm that rejection would not take place. There is also the problem of waiting for the organs to mature, which could take a number of years -- years which the patient may not have. As far as brain-dead clones for the same purpose, we are a long way away from ever achieving this task. Regardless, there is one thing to be careful of in both of these cases: protecting the rights of the clone. Just because the purpose of cloning someone is to take his organs does not mean you can take them without his consent. What is the difference between in-vitro fertilization and cloning? In-vitro fertilization (IVF) and cloning both involve implanting an embryo in a woman's womb. Time's Barbara Ehrenreich writes, any culture that encourages IVF has no right to complain about the market of embryos. The only difference between the two processes is that in cloning the embryo is genetically identical. And, in both cases, the method can greatly improve the chances of conception for the infertile couple. If a person supports IVF, why not support cloning as an option? Does society have a right or responsibility to restrict knowledge? The age old question of can we do it? versus should we do it?. By looking at its

Friday, March 6, 2020

Cvs Marketing Development Essay Example

Cvs Marketing Development Essay Example Cvs Marketing Development Essay Cvs Marketing Development Essay Porter’s Five Forces ForcesGradeNote Segment Rivalry Strong The current market is divided between a few powerful competitors that can relatively easily attract customers from one another as the switching costs are low and practical absence of product differentiation contributes to the easy loss of market share. Threat of MobilityWeakWhile the new entrants only need a relatively simple GUI and a supplier in order to enter the market, the federal and local regulations will require significant investments prior to any positive cash flow. Again, the differentiation is practically non-existent and the new entrants will have to compete with financially established enterprises capitalizing on competitive advantage. Supplier powerStrongIn order to sustain the market share in this highly competitive industry the pharmacies have to establish and maintain strong working relationships with PBMs that have power to divest particular clients from a pharmacy by denying reimbursement privileges to their customers. Buyer PowerStrongIt is not hard to obtain the same drugs from different sources so the customer loyalty is virtually non-existent and the pharmacies have to try extremely hard to sustain their consumer base. Threats of substitutesWeakThere are very few alternatives to drugs. The alternatives are practically limited to traditional medicine. Therefore, the threat of substitute is weak. Conclusion: CVS is in a favorable position because it already controls the large share of the market and its brand name is known to the populace. Therefore, it is crucial for the company to protect its market share and pursue the aggressive expansion policy to secure even large customer base. Financial Analysis CVS was able to secure such a large market share in part because of its strong financial base. Since the pharmaceutical industry is not strongly correlated with the market (average beta is 0. 2) the slowing economy does not affect much CVS financial performance. The firm employs about 190,000 people and boasts the 20 million strong consumer base with projected growth 3. million within the next three years. The firm’s Price-to-Earnings Ratio (P/E) of about 21 is higher than P/Es of its primary competitors. Hence, CVS reported 21 bps increase and the total gain of $68 million in the last year. At the same time, the forward earning on the CVS stock yielded over 9. 3% allowing the firm easily meets its dividend obligations. The EPS proves that the stock has been performing well at over 30%. The revenue has been growi ng at 15. 7% per year during the last three years compare to 14. % revenue growth within the industry. This stocks forward earnings yield of 7. 41% is the annual return it would generate if its profits remained fixed and it paid out all of its earnings as dividends. This is normal compared with the earnings yields of other stocks in the industry, and is healthy in absolute terms. Finally, most companies in the industry have generated very low returns on assets over the past five years. CVS has posted results that are about average for the industry, though its ROA over the most recent 12 months was very high. Porter’s Generic Strategies Provided the CVS position in the market, it is clearly pursuing the low-cost leadership strategy. The company offers the same goods or, sometimes, a wider product assortment at the lower prices than its competitors. The firm’s prescription drugs’ sales constituted 68% of total sales, 8% ahead of its major competition Walgreen. This number reflects a strong relationship with PBMs that are attracted by the company’s lower prices than in the industry. However, the element of differentiation is also present such as money back guarantee on beauty products, stores conveniently open 24-hours and exceptional customer service. The company capitalizes on its current broad customer base to provide those services and differentiate itself from a tight competition. Also, traditionally, CVS stores were more consumer oriented, e. g. while Walgreen stores had larger area the CVS stores’ layouts were such that the aisles were wider and shelves lower making shopping more convenient. The same approach was taken by CVS to the on-line sales offering the consumers user friendly intuitive format and live customer support 24/7. Market The market is highly regulated and is subject to established relationships between health care providers and PBMs. Currently the pharmaceutical retail market is divided mostly between large chain stores such as CVS, Walgreen, Rite Aid, etc. The market is rather saturated and the competition is strong on the part of the comparable size players as well as online retailers and supermarkets. The industry faces personnel shortages especially in qualified pharmacists and pharmacy technicians. In the past the industry was strictly regionally dominated with Walgreen dominating the West, Rite Aid was strong in the South and Southeast, and CVS spread throughout the Northeast. However, the CVS broke the balance by advancing into the Rite Aid domain in 1997 creating the nation-wide competition between the companies. The ecommerce forced the major retailers to launch internet based services to compete with the new entrants such as WebMD. om and Drugstore. com. The price war in the cyber space resulted in lowering prices at the retail locations as well as shifted paradigm of in-store pharmacy assistance to the full-blown internet-based services. New short-lived phenomena emerged in a form of acquisitions of PBMs by the drug manufacturers in order to manage drug approval process and gain influence in the prescription drugs sales. However, only one merger (Merck-Medco) survived the attempt. Product CVS offers a combination of health care services such as pharmacy and medical equipment together with general merchandise ranging from beauty products to groceries via retail locations and on-line internet portal. The firms also provides consultative services such as medical plan designs, health management programs, and retail-based health clinics that are staffed primarily by nurse practitioners and physicians assistants treating limited number of common ailments and offering routine vaccinations. Price The prices are lower than the major competitor such as Walgreen. The prescription prices are negotiated with PBMs and other insurance companies. The general merchandise is obtained at wholesale prices and the savings are passed onto the consumers aiding to sustain the cost-leadership strategy. Channels of Distribution Online sales via cvs. com and over 4,000 retail locations. The firm offers automatic refills to be mailed to the consumers. The purchase and refills could be done via the telephone or on-line. Promotion CVS was the first pharmacy retailer to offer both: online shopping and traditional store services. CVS maintains extensive database of customers urchases from which it creates weekly individually tailored coupons for consumers. Also, CVS was the first retailer to offer money-back guarantees on beauty products Key Issues As the costs of healthcare increase proportionally to the aging population and slowing economy, the CVS’ main issue is the retention and growth of its market share. Historically, the CVS has been pursuing the Co st Leadership Strategy and only recently, facing the fierce competition from other players in the industry, CVS introduced the elements of differentiation such as MinuteClinic services, 24 hour locations, and 24/7 customer service. The mix of strategies might reduce the firm’s liquidity and stagnate its further expansion necessary to secure its market share. Boston Consulting Group Growth Share Matrix Clearly, CVS belongs to the Cash Cow section of the BCG Matrix. The aging population and health care demands contribute to the industry stable growth in terms of both market and sales. By the 2010, total annual sales should surpass $200 billion, with most of this growth claimed by chain pharmacies. In such a market the large players have slowly emerged and are in the position to protect their consumer base via mergers and acquisitions of the new and independent entrants. Thus CVS’ management team should concentrate on increasing market share and consider further expansion in both retail stores and in the on-line operations. Recommendations Securing market share and further expansion should be CVS first priority. Thus, in addition to maintaining the low cost advantage, the firm should invest into the ecommerce marketing to compete successfully with on-line retailers. These new services should be based on a rigorous research of consumer preferences, economic analysis, monitoring demographics as well as pay steadfast attention on competition that could use cost advantage strategy to attain the CVS market share through a system of discounts and special deals with PBRs. Thus, the firm’s pricing policy should be flexible enough as not to discourage the price-sensitive consumers and yet allow the company to sustain ever increasing product and service development costs. Also, mergers and acquisitions could be used by the company to its advantage. That would be following into footsteps of the CVS recent acquirement of Arbor Drug and Revco and comparable transactions performed by the CVS competitors such as Rite Aid acquiring Marco, Thrifty Payless, and K. The M practices make sense as they reduce competition, increase the customer base, and provide convenient locations for the existing customers. One of the main points in this respect is the necessity to create a unified customer database similar to the one operated by Walgreens that allow customers to access their prescriptions from any CVS store.

Tuesday, February 18, 2020

Financing New Ventures Assignment Example | Topics and Well Written Essays - 250 words - 1

Financing New Ventures - Assignment Example With such bans being effected by various airlines throughout the world, it translates to the loss of investment revenues. This bans implemented by airline also have serious consequences on crucial trade flows thereby making the prices of medicines and foods. To the investors this marks the beginning of hard times since their businesses both locally in the area that have been affected and abroad in the areas that have ban flights. Both direct and indirect consequence of the outbreak of Ebola has also contributed to the diminished tourism in the areas. The impact of Ebola outbreak is great, but its effect is will not last for long even though its impact will be felt. CDC is working to ensure Ebola outbreak is contained and controlled. With this great steps being taken by the necessary authorities, the fight against Ebola will win ion n the end. As an investor, even though the impact of this deadly disease has been felt worldwide, the process of investment has to continue. The outbreak of the disease is short term hence as an investor I will not pull out and will consider proceeding with my