Tuesday, August 25, 2020

Formation of a Legally Binding Business Contract Essay - 3

Arrangement of a Legally Binding Business Contract - Essay Example It is imperative to consider what comprises a substantial offer. There are different articulations which appear offers yet really not offer. A differentiation must be among offer, greeting to offer, an encouragement to treat. Jess publicized a recycled van available to be purchased on a vehicle exchange site for  £2650. This isn't an offer however a unimportant greeting to offer. This implies in the event that anybody shows enthusiasm for the van, Jess holds the privilege of declining to sell it. As found in the given case, Mr. Powell demonstrated enthusiasm for the van however Jess revealed to him that she would sell it if some other client preceded him. The intrigue appeared by Mr. Powell was the real offer however it was not acknowledged by Jess. Jess consented to offer the van to him however she qualified her acknowledgment by saying that she would offer the van to any client that preceded him. A certified acknowledgment is definitely not a substantial acknowledgment which is t he reason they didn't have any understanding yet. Mr. Powell revealed to Jess that he would pay  £450 ahead of time on the off chance that she didn't offer the van to any client for three days. Regularly, when general offers are made, the offeror will undoubtedly save the offer open for a specific offeree. Be that as it may, when an offeree consents to pay a thought for saving the offer open for a specific period, the offeror gets bound to keep it open for the specified period as found in Dickinson v Dodds. Mr. Powell has gotten a guarantee with the thought of  £450 from Jess that she would keep the proposal to offer the van to Mr. Powell open for three days. Presently Jess and Mr. Powell have an understanding that is independent from that of selling of the van. Another significant actuality is that Jess’ greeting to offer transformed into a proposal during this exchange. It is on the grounds that anybody could have made a proposal to Jess before she vowed to keep her offer open.

Saturday, August 22, 2020

Victim Blaming and Victim Defending Essay Example | Topics and Well Written Essays - 750 words

Casualty Blaming and Victim Defending - Essay Example By and large, individuals who are incredibly acquainted with victimology don't see the casualty as the one answerable for the crime. Notwithstanding, information about the earlier affinity between the casualty and culprit boosts the impression of casualty fault for cases, for example, spouse battery. Moreover, a large portion of the analysts contend that the casualty isn't really erroneous. Roy Baumeister; a character and social clinician, contends that indicating the victim’s duty can be canny, as opposed to normal explanation of unpleasantness and hostility (Said and Hitchens, 2001). Besides, in these two ideas there are factors, for example, optional exploitation, simply world theory, assault shield laws, sexual virtue and family respect which are of vital significance (Ryan, 1976). These wordings are very regular in relationship to casualty accusing and casualty protecting. According to this case, auxiliary exploitation can be recognized as the retraumatization of the maltreatment casualty through the reaction of the network as a rule. For instance on account of battered ladies, the ladies may be accused. For example, they may be blamed for not going about with regards to the specified rules set by the spouse or in any event, undermining the husband. These are the absolute most regular acts that may trigger the spouse to beat his better half. Consequently, this wonder is recognized as auxiliary exploitation. Assault shield laws have likewise gotten normal as indicated by most locales. These laws are at risk for securing the supposed casualty as for specific wonders. Another normal factor identified with the issue of casualty accusing and shielding is sexual virtue and family respect. This pervasive factor includes social connections in which ladies are generally accused for their unpredictable demonstrations. In conclusion, there is the simply world speculation issue which is likewise pervasive in issues identified with casualty accusing and guarding. This angle depicts the wonder that individuals accept

Wednesday, July 29, 2020

Growth Mindset and Brainology by Carol Dweck

Growth Mindset and Brainology by Carol Dweck “Mindset change is not about picking up a few pointers here and there. Its about seeing things in a new way. When peoplechange to a growth mindset, they change from a judge-and-be-judged framework to a learn-and-help-learn framework. Their commitment is to growth, and growth take plenty of time, effort, and mutual support.”, Carol S. Dweck, Mindset: The New Psychology of Success. Growth mindset and brainology is an educational project that was instituted by Professor Carol Dweck and made her famous for. This is particularly designed to help students break all boundaries and limits set by negative learning perspectives, while also instilling self-confidence in them. The contribution of Dweck’s research to social psychology is enormous: she explains implicit theories of intelligence, explains the causes of them being affected by subtle environmental cues, how it shapes your mentality towards your abilities, and at last it controls the way you lead and experience your life. Carol Dweck and her brainology article In the brainology article Carol Dweck wrote, she claims that “Many students believe that intelligence is fixed, that each person has a certain amount and thats that. We call this a fixed mindset, and, as you will see, students with this mindset worry about how much of this fixed intelligence they possess. A fixed mindset makes challenges threatening for students (because they believe that their fixed ability may not be up to the task) and it makes mistakes and failures demoralizing (because they believe that such setbacks reflect badly on their level of fixed intelligence). Other students believe that intelligence is something that can be cultivated through effort and education. They dont necessarily believe that everyone has the same abilities, but they do believe that everyone can improve their abilities. In short, students with this growth mindset believe that intelligence is a potential that can be realized through learning. As a result, confronting challenges, profiting from mistakes, and persevering in the face of setbacks become ways of getting smarter.” Dweck goes on to explain through her research of following the academic progress of seventh graders how these two mindsets are created, where different thinking and decisions we make in life come from, if the mindset has influence on our lives and whether we can change the way of thinking. According to Dweck,- it turns out that we can change our mindsets to have a growth mindset if we are aware of the mindset we have now. This can help us to be more successful, teach us of challenging ourselves to reach new heights, never give up and motivate us to do more so to enhance our intelligence. Of course, having a growth mindset encourages learning and effort. If you truly believe you can improve at something, you will be much more driven to learn and practice. More free time? Better grade? Click on this button nowOrder Now So how can you build up and support a growth mindset and attitude? Having a growth attitude is not something conceptual or something no one but others can have. Its an incredible inverse: there are particular things you can do each day to sustain a development attitude. Gain some new useful knowledge consistently. It can be anything, from finding out about how things work, watch educational shows and series, keep on track on news on TV, read as much books as you can (the topic’s variety can be very beneficial here), take part in scientific workshops, seminar or conferences. Get your spare time booked for useful stuff, train your brain, develop yourself and improve each day. Be boundless in exploring new things. Find the activity which would fully engage you. It can be additional classes at school you have never tried before, some online lectures on the topics you are interested in to get yourself assigned to, or hobby sections you might attend with people who share the same interests and have minds alike. Such involvement will bring you to the point of exploring new things and broaden up your horizons in discovering something new and exciting. Encircle yourself with growth oriented individuals. Having people shared the interests of yours would inspire you in doing the things you might be struggling with, you could rely on their help in achieving something you were not able to do previously. Change your perspective of accomplishment. Sometimes we are desperately trying to accomplish something and achieve great results, but in the end, we don’t feel that we are happy with what we have, we are not sure if we receive the satisfaction in the end of the process. Well… Sometimes it is not about the achievements itself, but it is about the process of getting thing done. Our advice is, instead of believing that achievement is being the best, consider achievement putting forth a valiant effort, and dependably concentrate on enhancing the way you do your work and deal with your self-awareness. Change your comprehension of disappointment. Instead of seeing your disappointments as affirmation of your powerlessness to accomplish something, see a disappointment as a mishap: it can propel, enlightening, even a reminder. The writing of Carol Dweck is very interesting and leaves impression that educating yourself and training your brain is worth trying as our brain capacity is limitless. While reading her work, you can discover how we embrace a specific attitude about our capacities ahead of schedule in life because of messages we get from our condition, guardians, and instructors. So read it, enjoy it and give it a try!

Friday, May 22, 2020

Globalization Has Changed Over The World - 1416 Words

In the past few decades globalization has been rapidly intensifying, as nation states are being more and more interdependent towards one another culturally, politically and socially, the world has almost become a single network of complex relations between states. Although the definition of Globalization has varied and changed over the years and amongst theorist and scholars, globalization is nothing new, it has occurred since the dawn of time, rather its rate has intensified rapidly due to the advancement of technology. While Martin wolf interprets globalization as a â€Å"†¦journey, but toward an unreachable destination, the globalized world. A globalized economy in which neither distance nor national borders impede economic transactions. A world where the costs of transport and communication were zero and the barriers created by differing national jurisdictions had vanished† (Wolf, 2001: 178). An illustration of Wolfs summary for globalization could be interpreted thro ugh the European Union, in which assoicated states agree on the collective notion of democratic values and standards, its single currency Euro and its barrier free immigration policies make up the very essence of what Wolf is implying Globalization as. On the other hand, State Sovereignty is valued through the three fundamental ideas, ‘’absolute supremacy over internal affairs within its territory, absolute right to govern its people, and freedom from any external interference in the above matters† (Wang, 2004:Show MoreRelatedEssay Nations Should Promote Globalization, Not Localization1078 Words   |  5 PagesGlobalization and localization are two conflicting trends in international politics today. Globalization is the spread of peoples, activities, norms, ideas, goods, services, and currencies from one area of the world to another. (Rosenau 15) Localization is the narrowing of horizons and the confinement of peoples, activities, norms, ideas, goods, services, a nd currencies to a particular geographic area. (Rosenau 16) Globalization and localization affect the world’s countries in three main areas, politicsRead MoreGlobalization And Sexuality1247 Words   |  5 PagesGlobalization may be defined as the process of opening up for interactions and relationships between people of different countries around the world. The people from the world can easily interact with each other leading to influence in behaviors and characters. Sexuality refers to how people relate to sexual activities or perceive sexual matters. Sexuality may differ from one culture to the other, but the cultures are likely to influence each other’s sexual beliefs and orientation. Globalization hasRead MoreCompare and Contrast the Current Era of Globalization with the First Age of Globalization (1850s-1920s). What Are the Advantages and Disadvantages of Globalization in Its Current Context?1720 Words   |  7 Pagescurrent era of globalization with the first a ge of globalization (1850s-1920s). What are the advantages and disadvantages of globalization in its current context? Word count: 1530   Unit Coordinator: Dr Tony Ramsay I am going to contrast the current era of globalization with the first age of globalization in many different aspects, in the mean time analysis the merits and demerits of globalization in its current context. John and Kenneth (2012, p. 28) find that the concept of globalization means theRead MoreThe Effects Of Globalization On Multilingualism And I Propose Doing Multiple Case Studies1524 Words   |  7 Pagesan extent, ignores the way human behaviour today has affected our communication with one another. Since the end of the twentieth century, globalization changed the way people in the globalized countries are understood through language in ways that have both strengths and weaknesses. Languages have switched from being simply indicators of cultural background to being a commodity in the economic sphere. This reworking of the purpose of language has affected the growth of English worldwide and givenRead MoreGlobalization Has Changed the World in Different Way818 Words   |   4 PagesGlobalization has affected not only America but the whole world in an economic point of view. Thomas L. Friedman is one author that provides proof that globalization has improved economies such as lifestyle, business, shopping malls, and the vehicles we drive. Friedman defines globalization â€Å" as the inexorable integration of markets, transportation systems, and communication systems to a degree never witnessed before in a way that is enabling corporations, countries, and individual to reach aroundRead MoreThe Global Economy Has Changed Over Time953 Words   |  4 PagesThe global economy has been evolving over time; there are patterns that have emerged which indicate similarities and differences between the past and the present century. In this paper I will analyze how the global economy has changed and what contributed to those changes. During the 19th century the cost of transportation decreased as a result of innovation. Income per capita nearly doubled across all classes in America and in Europe during the gilded age (1870-1900). Advancements in technologyRead MoreEssay on Globalization: Sharing Our Prosperity With the World1388 Words   |  6 Pages Globalization is the growing interdependence of the worlds people that involves the integration of economies, technologies, and cultures (Bradshaw). It is described as the increased movement of people, knowledge and ideas, and goods and money across national borders that have led to the increased interconnectedness among the world. Globalization is often thought of in economic terms but as we know there are three major components implicated with this idea including: economics, politics, andRead MoreGlobalization Is A Positive Way Or Negative Way?1034 Words   |  5 Pages3rd Dec 2015 Essay on Has Globalization Changed Global Politics in a Positive Way or a Negative way Globalization- Positive or Negative Globalization is one of the 21st century’s most important politics topic. I have heard the term globalization in my economics lecture and in political debates. Some of my friends argued when I asked them if globalization is changed global politics in a positive way or negative way. Some of them argued saying that globalization is a positive developmentRead MoreThe Impact of Globalization on our Society Essay1445 Words   |  6 Pagescontemporary society respond to the legacies of historical globalization? In Romeo Dallaires writing, Shake Hands with the Devil, he discusses whether or not globalization has a positive impact on our society. I agree with Romeo DallaireRead MoreWe Must Be A Citizen Of A Community Essay1279 Words   |  6 PagesRecently there has been a large focus placed on events that occur all around the world. Civic concerns are no longer bounded to the land that one lives on. This brings up the idea of thinking globally while acting locally, which refers to when one’s thinking is not limited to what is directly in front of them. They understand that their actions have implications elsewhere. In order to fully comprehend what it means to think globally and act locally, one must first look at how globalization and hybridity

Saturday, May 9, 2020

Doré’s Engravings of Punishment of the Avaricious and the...

The artist Gustave Dorà © engraved the entire Divine Comedy in wood. One of these 136 engravings is Punishment of the Avaricious and the Prodigal. This piece is an accurate illustration of The Inferno’s Circle Four because it closely follows Dante’s description in the text, it is creative, and it is well illustrated. Dorà ©Ã¢â‚¬â„¢s depiction of Circle Four is accurate because it closely follows Dante’s description in the text. Dante and Virgil enter Circle Four. Dante notices that â€Å"Here the sinners were more numerous than elsewhere, and they, with great shouts, from opposite sides were shoving burdens forward with their chests† (Dante 7.25-27). In Dorà ©Ã¢â‚¬â„¢s illustration, the sinners push heavy weights around, and there appears to be a high consistency of people. From what the viewer can see of the sinners’ faces, they look like they are in pain and struggle. It is important that none of the sinners’ entire faces are exposed, as the text mentions that part of the punishment in Circle Four is that the sinners are rendered indistinguishable. Dante realizes that he cannot tell who any of the sinners are, and he asks Virgil why this is. Virgil responds: â€Å"The undiscerning life that made them foul now makes them hard to recognize† (Dante 7.53-54). Do rà ©Ã¢â‚¬â„¢s illustration precisely reproduces Dante’s imagined Circle Four as seen through his following of the text. Dorà ©Ã¢â‚¬â„¢s illustration of Circle Four is accurate because it is creative. In the illustration, the sinners push bags of money. Nowhere in

Wednesday, May 6, 2020

Employability and Entrepreneurship Free Essays

string(172) " depending on the size of the organization and sector and also whether the focus is on selling a product, service or raising awareness of an issue that affects the public\." 1. INTRODUCTION Employability is the combination of factors and processes that enable people to progress towards or get into employment, to stay in employment and to move in the workplace. The purpose of this report is to discuss the opportunities I as a graduate go through after the completion of my degree, what the employers are looking for in an employee, as well as the role marketers or marketing related careers play in enterprises, then finally the knowledge, skills and attitude I have and hope to obtain. We will write a custom essay sample on Employability and Entrepreneurship or any similar topic only for you Order Now I have always wanted to work in the marketing sector so I have compiled analysis of six different companies, which consist of large-scale companies, small, and medium sized companies. I have used a mixture of analysis to compare various methods that can be used to start a career in the marketing sector and also be successful in the field. I have decided to work in the marketing sector because it provides many job opportunities such as personal selling, advertising, packaging, transport, product development and retailing. 2. OCCUPATIONAL RESEARCH This section of the report would examine the factual reflections of the findings from the occupation. 2.1 Terms of reference The purpose of this report is to look at the graduate opportunities in the UK marketing sector. Research will be made on six different organisations in this sector. The main aim is to show what has to be achieved and how to achieve it. 2.2 Methodology The methods used to approach this research were carried out through primary and secondary resources. The primary research was used to exchange e-mails with one of the staffs of Business Monitor International and PKF to clarify some issues. However most of the research done on this report was from information gathered online which is the secondary research such as graduate job websites like prospect, inside careers and also watching some videos on employability. The companies’ websites were used to get more information. The organizations used in this reportare Standard Life, Glaxo Smith Kline, Akzo nobel corporate, Business monitor international, PKF and Sanofi Aventis. 2.3 Main findings In marketing, there are variety of challenging and interesting job opportunities such as retailing, market research, personal selling and wholesaling. In addition from my findings, there are so many individuals who are employed in non-business organizations that are also engaged in marketing activities. The skills from marketing are used to promote civic, political, cultural and charitable activities, even if an individual earns a living through marketing activities or performs them without compensation in non-business settings, the knowledge and skills gained from marketing are valuable assets. Our highly complex economy relies heavily on marketing activities. The economy produces the profits that are necessary for the growth of individual businesses and also provide health and ultimate survival for the economy as a whole. In essence the general employment trend must be known. According to the survey by BBC, it claims that graduate unemployment rose by 25%. The higher education poli cy institute said in December 2008 the unemployment level rose from 11.9% to 25% among graduates aged under 24. It also said that 17.2% of male graduates were out of work compared with 11.2% of females as at the end of 2009. The report from the institute came a day after a research body had warned that unemployed graduate level could hit record levels as a result of planned public spending cuts. The Higher Education Career Service Unit (HECSU) said that because so many college leavers join the public sector, they were especially vulnerable to cuts. According to the guardian survey, it claims that the unemployment figures are set to rise by 22,000. However those leaving university during the summer face the most difficult job market in more than a decade. There are up to 22,000 more graduate whom are likely to be unemployed this year compared to last figures. The Higher Education Career Service Unit (HECSU) calculated at least one in 10 of this summer’s graduates would not be successful to find a job after six months they leave university, which is equivalent to about 35,000 and 40,000 graduates out of the 350,000 leaving UK universities after first degrees. There are many opportunities for marketing degree holders. There are lots of organisations that are recruiting graduates in marketing or marketing related occupations. According to the Witan Jardine growth statistics marketing opportunities have grown by 47% from last year and experienced growth of 5% over the last quarter. The opportunities in the marketing financial sector grew by 30%, which made an increase of 29% over the last quarter. The media sector roles in marketing for graduates increased by 25% year on year. The professional services marketing roles have soared by 77% compared to January 2006. (Ambition, 2009) Marketing is a very popular career for graduates. Last year, there were 17,000 students who graduated with degrees in marketing, and the research by the Marketing and Sales Standard Setting Body (MSSSB) claims that 580,000 people in the UK are employed in marketing roles. (Inside careers, 2011) There are important roles for graduates in the marketing sector in the future especially those who want to go into retailing. The retail sector is said to accounts for more than 10% of jobs in England. There were 2,777,000 people employed in the retail sector in 2002, the amount of people employed in the retail sector was predicted to rise to 2,869,000 in 2005 and continued growth forecast through to 2012. In 2012 it is predicted that over 250,000 new jobs are expected in this sector. However, there is going to be replacement demand whereby there will be need for new people to replace those leaving the sector is predicted to be five times this figure, with sales and customer service occupations alone needing almost half a million people to replace those leaving the sector (National Guidance Research Forum, 2010). As a marketing graduate your responsibilities can vary depending on the size of the organization and sector and also whether the focus is on selling a product, service or ra ising awareness of an issue that affects the public. You read "Employability and Entrepreneurship" in category "Essay examples" A recent marketing degree holder can play roles in organization such as liaising and networking with wide range of stakeholders like colleagues, customers, partner organizations and suppliers. One could also communicate with his target audience and also managing their customers’ relationships. One can also generate advertising opportunities and placing adverts in the press locally, regional, national and specialist publications or on the radio, depending on the organization and the campaign. As a marketing degree holder, one could ensure there is effective distribution of marketing materials, and also maintain and update customer database. One could also attend and organize events such as seminars, conference, exhibition and receptions. Marketing graduate could organize marketing research such as creating customer questionnaire, focus groups and also contributing to the development of marketing plans and strategies (Prospects, 2009). These jobs are advertised in newspapers and magazines such as marketing week, they can also be found online in job search sites like prospects, graduate-jobs, inside careers etc. Based on the research done on the organisations, there are some key skills, knowledge and experience expected from a marketing graduate. These organisations are looking for people that are highly organized and proactive, with the ability to do different tasks simultaneously to meet deadlines. They are interested in people with the ability to work both independently and in a team environment. A core skill expected is ability to interact and maintain beneficial relationships with other teams across the business. High level of competency in Microsoft office, particularly excel is expected. They also search for people with good skills in leadership with ability to influence without authority in a matrix environment. They are a lso interested in people who have excellent written and verbal communication skills and also those that can speak good English. As a marketing graduate a lot is expected, only in very exceptional circumstances that organisations accept application from people who don’t meet their academic requirements. This means that the applicant has to provide strong justification for why the organisation should accept him/her. The minimum academic criteria expected by their organisations are minimum of at least 280 UCAS points with a first class or 2:1 degree. The selection process is done step by step. It is a chance for the graduate to show the organisation what they are made of and that they have the skills required. The first step is to fill in an online application form. This gives you the chance to tell the organisation a bit about yourself and also include your CV and cover letter. The second step is to take an online verbal and numerical reasoning test. The third step is a telephone interview to discuss your understanding of the role you have applied for. The forth step is to attend an assessment centre to meet members of the organisation. The fifth step is to receive an offer. 3. PERSONAL REFELCTION In this section of the report, I am going to reflect upon and evaluate my current skills, knowledge and experience in relation to the ones required by the organisation I have researched on. 3.1 Personal analysis During the course of my study, I developed some key skills such as working both independently and also as a group. I worked as a group in my coursework that enabled me to play roles like encouraging the group when motivation is low. During my research, I identified that I need good leadership skills. These leadership skills have been achieved as a group leader in university coursework that also enabled mi to take responsibility for the direction and action of the group. I have developed my interpersonal skills, I have also developed skills to be able to use my own initiative as well as problem solving skills. I strongly believe with my academic achievement, skills and experience, I definitely have a career in marketing. 3.2 CV Covering letter My CV and covering letter are addressed to Business monitor international. See appendix 3.3 Gap analysis Gap analysis is the space between where we are and where we want to be. I have developed some skills that I am confident in. I am confident in my team working skills. I have good interpersonal skills especially in the way I carry myself. In general I have most of the skills these organisations are looking for. However, there are some areas that I really need to focus my personal development like my presentation skills; I lack the confidence to speak in public. I also lack a little bit of computing skills such as using Microsoft office excel. I intend on improving the skills that I am weak at by going for public speaking programmes and career fares to improve on my confidence level. I also plan on using self guide on how to use Microsoft excel to improve on my computing skills. 3.4 Career action plan See appendix 6.3 page 11 4. CONCLUSION In conclusion, this research has given me wide range of knowledge about the recent employment trends for graduates in the marketing sector and also more knowledge about different roles and skills required. While I was doing this report, it helped me realise what knowledge and skills I have now. In general, my career action plan would also help me as a guideline to enable me meet my goals. 5. REFERENCES AND BIBILIOGRAPHY Akzo Nobel (2010) What do we look forAvailable at http://www.akzonobel.com/careers/graduates/what_we_look_for/index.aspx [Accessed 15th march 2011] Ambition (2008) Marketing Sales Recruitment Trends, Available at http://www.ambition.co.uk/sales-marketing-jobs/recruitment-trends.asp [Accessed 19th march 2011] BBC (2010) Graduate unemployment rate rises 25%, Available at http://www.bbc.co.uk/news/10500124 [Accessed 20th march 2011] Business Monitor International (2011) Employment listing, Available at https://www5jh.openhire.com/epostings/submit.cfm?fuseaction=app.jobinfojobid=173530company_id=1005source=ONLINEJobOwner=992284bycountry=1bystate=0bylocation=GB%2Ekeywords=byCat=38747tosearch [Accessed 14th march 2011] Glaxo Smith Kline (2010) Experienced hires: search and apply, Available at http://www.gsk.com/careers/uk-saa-jobsearch.htm [Accessed 15th march 2011] Inside career (2011) skills required for marketing, Available at http://www.insidecareers.co.uk/__802574D800556E37.nsf/id/7nwndntden!opendocument [Accessed 20th march 2011] National Guidance Research Forum (2010) LMI future trends, Available at http://www.guidance-research.org/future-trends/retail/info/futureemp [Accessed 20th march 2011] PKF accountants and business advisers (2010) The PKF experience, Available at http://www.pkf.co.uk/pkf/careers/work_experience/home [Accessed 15th march 2011] Prospects (2009). Marketing executive: Job description and activities, Available at http://ww2.prospects.ac.uk/p/types_of_job/marketing_executive_job_description.jsp [Accessed 22nd march Sanofi Aventis (2010). Job Details, Available at http://www24.i-grasp.com/fe/tpl_sanofiaventis01.asp?s=bkMjPUrEcTFkHhTczjobid=54551,2221122152key=12073363c=865256627269pagestamp=sewfxdjbvkssyzdycm [Accessed 22nd march 2011] Standard life (2011) sales and marketing, Available at http://www.standardlife.com/careers/graduates/grad_sales_marketing.html [Accessed 15th march 2011] The guardian (2009) Graduate unemployment figures set to rise by 22,000, Available at http://www.guardian.co.uk/education/2009/jul/02/graduate-unemployment-rise-recession-jobs [Accessed 20th march 2011] How to cite Employability and Entrepreneurship, Essay examples

Tuesday, April 28, 2020

Traditional Markets and Digital Markets Essay Example

Traditional Markets and Digital Markets Essay 1. Definition on Traditional Markets and Digital Markets4 A. What is Traditional Markets? 5 B. What is Digital Markets? 5 2. Advantages of Traditional Markets6 3. Disadvantages of Traditional Markets7 4. Advantages of Digital Markets8 5. Disadvantages of Digital Markets9 6. Conclusion10 7. References11 Compare and contrast traditional markets with digital markets Definition of Traditional Markets and Digital Markets Traditional markets : Traditional market is a physical market brings buyers and sellers together in the same location and a medium that allows buyers and sellers of a specific good or service to interact in order to make an exchange. It is a product-based and formal. This kind of market is traditionally operating, and countless such markets are still in operation around the whole world. Digital markets : Digital market is a market that do not have a physical operation between the process of buying and selling otherwise using the non-physical markets ( internet or electronic markets) In digital markets, buyers can purchase goods and services through virtual market. In digital market, the buyers and sellers do not meet or interact physically, but the transaction process is done through internet. Examples- eBay , air tickets. What is Traditional Markets We will write a custom essay sample on Traditional Markets and Digital Markets specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Traditional Markets and Digital Markets specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Traditional Markets and Digital Markets specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Traditional markets are physical retail markets, and can be local markets or shopping centers and shopping malls, labor markets, international currency and commodity markets, stock markets, for the exchange of shares in corporations, illegal markets such as the market for illicit drugs, arms or pirated products. Traditional markets are preferred by most people because it provide the functions of touch, feel, visual, and more reliable. For example, importing a car from oversea buyers may like to see whether it has ny invisible damages or conditions though car sales centers( traditional market) allows to test drive and check until satisfied. Traditional market is simple, in exchanging the goods and service with money or goods and service in physically, two parties will be meet or connect physically ( including telephone and emails), the main fact is that two parties interact about the deals physically. What is Digital Markets Digital markets is deviate from the physical market with usi ng non-physical medium like internet. Digital market is start blooming when the information technology become more advanced and secure. Electronic markets make people more easier, save time and money( eg. transportation cost). But it still has a disadvantages like fraud, unseen, spam which can be effect to the trust of buyers and sellers. Digital market is based on the electronic markets like websites, virtual markets and auctions. Participants needs to have a general knowledge of computer to use well and avoid any incidents, are basically posted about goods and services with picture or sounds followed by price and it is seem similar to put a goods into a shelf in the market. Purchaser will made a payment using online transaction or notes. Advantages of Traditional Markets  ¬The advantages of traditional markets are- Physical: Traditional markets have a physical on the goods and service which can easily seen by the purchasers and persuade. This enable the business to be easily identify by customers. It also helps in building trust with customers by having a physical shop. Trust and user resistance: Consumers do not usually trust an faceless seller which they do not know but traditional markets allow consumers to interact with seller like bargain, choosing and checking the products. Product contact: Traditional markets allows consumers to touch and feel physically, sometime customers like to touch items such as clothes and like to know exactly what they are buying. Social : Participants can be feel and fulfill their psychological needs like shopping with sightseeing, enjoying the environment, socializing with people at market. Relationships: Usually worked for some time, traditional retailers have that asset that often cannot be bought like relationships between purchaser and seller. Many online retailers have to build these relationships from scratch nd may never be able to match those of the traditional markets Disadvantages of Traditional Markets The advantages of traditional markets are- More Cost: There will be more extra cost depends on the numbers of stuffs that involved to do the work. And that cost will be added to the basic selling price of the goods and service. As the salaries, renting costs, and expense are getting high, it can be a challenge for th e traditional market to run in long-term. Less choices: This can be problem because it may not have all the goods and services that needed by consumer in one place. Or may be out of stock. Inconvenience: It will be about the opening hours, size of the market, etc. Example, one want to shop and buy closely in the shop which is only open in his/her working hour, it will become a barrier. And for disable person shopping around big markets and shopping centers is totally difficult. Offer only in specific place: If the one who is far away from the market wants to shop and buy, this will be a loss for market because he/she cannot make a purchase. Advantages of Digital Markets The advantages of digital markets are- Easy to access: Internet/ websites can be available anywhere, work, home, etc. It enhance the convenience and reduce the shopping cost. Reduced Cost: Significantly cuts down the cost associated with marketing, customer care, processing, information storage and inventory management. Electronic commerce reduces the burden of infrastructure of businesses like physical store setups and raises the amount of funds available for profitable investment Effective: Gives the customers the opportunity to look for cheaper and quality products, consumers can easily research on a product and find out the original manufacturer to purchase a product at a much cheaper price than that charged by the wholesaler. More choices: Online commerce also offers buyers a wider range of products and services to choose from, as opposed to conventional shopping, without the carrying around heavy shopping bags and getting stuck in traffic jams, which likely to be more convenient and time-saving. Reviews: People also reviews posted by other customers, about the products purchased from a particular e-commerce site, which can help make purchasing decisions. Disadvantages of Digital Markets Security : There are many fraud and spam at internet. Many of visitors will not want to use their credit card to make a purchase. The fear of having credit card info stolen is a clear and present danger in the minds of visitors. No product contact: it is not suitable for goods like food items. People may prefer to shop in the old way than to use e-commerce for purchasing food products and other products that need to be felt and touched before purchasing. Returning: Returning the product and getting a refund can be even more difficult and time-consuming than traditional market, in case consumers are not satisfied with a purchased product. Lack of trust: People will not feels secure to make a purchase from a dealer who is faceless, unknown identity, no evidence. Internet is not fully used by all people in the world: Internet has still not touched the lives of a great number of people, either due to the lack of knowledge or trust. Conclusion Overall, Traditional and Digital Markets both have their advantages and disadvantages. All of these markets still use all over the world. And in these days, people are getting used to internet to make their purchases which benefit in saving time by avoid going to the store. Advantages of e-commerce have the potential to be more in the disadvantages. A proper strategy to solve the technical issues and to build customers trust in the system can change the present problems and help digital markets adapt to the changing needs of the world. References Blackwell, J. (2007) Overview of Traditional Marketing. [online] Available at: http://ezinearticles. com/? Overview-of-Traditional-Marketing=3741281236 [Accessed: 27 Feb 2013]. Econsultancy (2013) Future of Digital Marketing. 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