The Scarlet Letter, By Nathaniel Hawthorne - 1422 Words

The eighteenth-century author, Nathaniel Hawthorne was born on July 4, 1804 in Salem, Massachusetts. He was most famous for his writings The Scarlet Letter, â€Å"Young Goodman Brown,† â€Å"The Minister’s Black Veil† and an abundant array of other books and short stories. The stories that are mentioned contain a copious amount of symbolism throughout the entirety of each book. All the stories that he ever wrote have an underlying meaning and the symbolism was hidden within in the names, characters, places, and actions that happened in the books and helped the readers to have a greater understanding about the Puritan lifestyle and the Bible. The dictionary definition of symbolism is the use of symbols to represent ideas or qualities. A few†¦show more content†¦Pearl is the constant reminder of Hester’s sin; however, Pearl also brings Hester extraordinary joy. She is the cause of Hester’s determination to try and create a better life for Pe arl and herself. Pearl was also a boundless joy to her biological father, Revered Dimmesdale, in one scene, Pearl grabbed Dimmesdale by the hand and kissed it. This shocked Hester because this was one of the only times that Pearl showed affection to anyone, which brought immense joy to Dimmesdale (Lorcher, Trent). Dimmesdale is known to have committed the same crime as Hester when he clutches his chest constantly and is seen having the marking or the scarlet â€Å"A† engraved on his chest. Reverend Dimmesdale’s sin is more permanently proclaimed than Hester’s that is sewn on to her clothes, while his is a tattoo burned on his skin (Analysis: The Red Mark on Dimmesdale’s Chest). It is seen like an outward representation of the sin that is inside him that he is not fully open with (Lorcher, Trent). Pearl is always talking about the â€Å"Black Man† and she is referring to Satan and how Dimmesdale wrote his name in the Black Man’s book (Analys is: The Black Man). Hester’s husband, Roger Chillingworth is a symbol of evil and a sort of revenge for Hester (Lorcher, Trent). When Dimmesdale, Pearl and Hester meet on the scaffold one night a meteor streaks across the sky in the shape of a letter â€Å"A† and it seems to mean that God hasShow MoreRelatedThe Scarlet Letter By Nathaniel Hawthorne1242 Words   |  5 PagesLYS PAUL Modern Literature Ms. Gordon The Scarlet Letter The scarlet letter is book written by Nathaniel Hawthorne who is known as one the most studied writers because of his use of allegory and symbolism. He was born on July 4, 1804 in the family of Nathaniel, his father, and Elizabeth Clark Hathorne his mother. Nathaniel added â€Å"W† to his name to distance himself from the side of the family. His father Nathaniel, was a sea captain, and died in 1808 with a yellow fever while at sea. That was aRead MoreThe Scarlet Letter By Nathaniel Hawthorne960 Words   |  4 Pages3H 13 August 2014 The novel, The Scarlet Letter, was written by the author Nathaniel Hawthorne and was published in 1850 (1). It is a story about the Puritan settlers of the Massachusetts Bay Colony, set around 1650 (2). The story is written in the third person with the narrator being the author. The common thread that runs through this novel is Hawthorne’s apparent understanding of the beliefs and culture of the Puritans in America at that time. But Hawthorne is writing about events in a societyRead MoreThe Scarlet Letter, By Nathaniel Hawthorne919 Words   |  4 Pagessymbolism in Nathaniel Hawthorne’s â€Å"The Scarlet Letter†. Symbolism is when an object is used in place of a different object. Nathaniel Hawthorne is one of the most symbolic writers in all of American history. In â€Å"The Scarlet Letter†, the letter â€Å"A† is used to symbolize a variety of different concepts. The three major symbolistic ideas that the letter â€Å"A† represents in Nathaniel Hawthorne’s â€Å"The Scarlet Letter† are; shame, guilt, and ability. In Nathaniel Hawthorne’s â€Å"The Scarlet Letter†, the firstRead MoreThe Scarlet Letter By Nathaniel Hawthorne1397 Words   |  6 PagesFebruary 2016 The Scarlet Letter was written by Nathaniel Hawthorne in 1850 which is based on the time frame of the Puritans, a religious group who arrived in Massachusetts in the 1630’s. The Puritans were in a religious period that was known for the strict social norms in which lead to the intolerance of different lifestyles. Nathaniel Hawthorne uses the puritan’s strict lifestyles to relate to the universal issues among us. The time frame of the puritans resulted in Hawthorne eventually thinkingRead MoreThe Scarlet Letter By Nathaniel Hawthorne999 Words   |  4 Pages Nathaniel Hawthorne is the author of the prodigious book entitled The Scarlet Letter. In The Scarlet Letter, Hester Prynne commits adultery with Reverend Arthur Dimmesdale. Her husband, Roger Chillingworth, soon finds out about the incident after it becomes clear that she is pregnant. The whole town finds out and Hester is tried and punished. Meanwhile, Roger Chillingworth goes out then on a mission to get revenge by becoming a doctor and misprescribing Dimmesdale. He does this to torture DimmesdaleRead MoreThe Scarlet Letter, by Nathaniel Hawthorne1037 Words   |  5 Pagesthat human nature knows right from wrong, but is naturally evil and that no man is entirely â€Å"good†. Nathaniel Hawthorne, author of the classic novel The Scarlet Letter, believes that every man is innately good and Hawthorne shows that everyone has a natural good side by Hester’s complex character, Chillingworth’s actions and Dimmesdale’s selfless personality. At the beginning of the Scarlet Letter Hester Prynne is labeled as the â€Å"bad guy†. The townspeople demand the other adulterer’s name, butRead MoreThe Scarlet Letter By Nathaniel Hawthorne1517 Words   |  7 PagesNathaniel Hawthorne composes Pearl as a powerful character even though she is not the main one. Her actions not only represent what she is as a person, but what other characters are and what their actions are. Hawthorne makes Pearl the character that helps readers understand what the other characters are. She fits perfectly into every scene she is mentioned in because of the way her identity and personality is. Pearl grows throughout the book, which in the end, help the readers better understandRead MoreThe Scarlet Letter, By Nathaniel Hawthorne1488 Words   |  6 Pages In Nathaniel Hawthorne’s novel The Scarlet Letter, the main character, Hester Prynne, is a true contemporary of the modern era, being cast into 17th century Puritan Boston, Massachusetts. The Scarlet Letter is a revolutionary novel by Nathaniel Hawthorne examining the ugliness, complexity, and strength of the human spirit and character that shares new ideas about independence and the struggles women faced in 17th century America. Throughout the novel, Hester’s refusal to remove the scarlet letterRead MoreThe Scarlet Letter By Nathaniel Hawthorne1319 Words   |  6 PagesPrynne and Arthur Dimmesdale are subject to this very notion in Nathaniel Hawthorne s The Scarlet Letter. Hester simply accepted that what she had done was wrong, whereas Dimmesdale, being a man of high regard, did not want to accept the reality of what he did. Similar to Hester and Dimmesdale, Roger Chillingworth allows his emotions to influence his life; however, his influence came as the result of hi s anger. Throughout the book, Hawthorne documents how Dimmesdale and Hester s different ways of dealingRead MoreThe Scarlet Letter By Nathaniel Hawthorne1714 Words   |  7 PagesSome two hundred years following the course of events in the infamous and rigid Puritan Massachusetts Colony in the 1600s, Nathaniel Hawthorne, descendant of a Puritan magistrate, in the 19th century, published The Scarlet Letter. Wherein such work, Hawthorne offered a social critique against 17th Massachusetts through the use of complex and dynamic characters and literary Romanticism to shed light on said society’s inherent contradiction to natural order and natural law. In his conclusive statements

What Status Did Women Have in Early Medieval England

The status of women in the medieval period was mostly that of subjugation, very few options were open to women, and those that were are often resulted in a harsh treatment, of backbreaking labor. However even with such ill treatment, women were the integral part to societal growth and stability thus a women’s role was often narrowed and marginalized. To areas thought befitting woman, Such as child rearing, manual labor, the convent, or as a wife. This system of casting not only served to maintain the male status quo but also served to further the archetypal roles for women in medieval English society. Women were valued in the middle Ages, but only as an economic commodity. They served two main functions within medieval society:†¦show more content†¦The safety of a wife, therefore, often depended upon her ability to please her husband. Widowhood was the saving grace of most unhappy marriages in the middle Ages. Widowhood gave women their husbands lands and authority. Even though women were the child bearers and primary care givers, only when widowed did women have a role in the inheritance. Women could then inherit and bequeath land but could not sit in Parliament. The rights of widows are even discussed in the Magna Carta. It declares that widows did not need to marry again if they did not want to. It is fair to say that women gained not only wealth but freedom as a result of their husbands deaths. Where the husbands and employers power over women was practical, the clergys was spiritual. These two worlds were in constant conflict. Women flocked to the Church. They turned to religion for consolation and solace. More women attended mass, more confessed, they were the true keepers of the faith. Women provided the Church with a source of cohesion; their fierce and desperate faith would lay the groundwork for the growing dominance of the church in medieval society. The Church, however, was two-faced when dealing with women. Women were the mainstay of each parish, yet the clergy constantly reinforced the concept of women as inferior creatures. Because women were weaker in the Churchs eyes, it was easier for them to succumb to their sinful desires. Women were natural traitors, deceitful andShow MoreRelatedThe Four Branches Of The Mabinogi Analysis1452 Words   |  6 PagesWelsh tales survive complete, in merely two manuscripts The Red Book of Hergest and The White Book of Rhydderch. Linguists argue as to what the correct dating for these eleven tales are, however, it is widely agreed that the dates of said tales, would have occurred no earlier than the late eleventh century and most definitely earlier than the late thirteenth and early fourteenth centuries. The four branches of the Mabinogi, particularly the first of the four branches provide an insight of Welsh societyRead MoreMargaret Of Navarre And Catherine Parr2011 Words   |  9 Pages T he education of women in Medieval Europe is hard pinpoint primarily because the view of the education of young girls and adult women were that they were intellectually inferior to men as well as naturally. It was believed that they could not learn anything but the basic things that could make them a better wife or nun; these thoughts regarding their intellectual abilities usually came from science and the Bible. Noble woman were usually educated and their literary works were protected from criticismRead MoreHistory Essay Questions2335 Words   |  10 PagesQuestions 1. How did developments in the late Middle Ages impact the Commercial Revolution? 2. What contribution did Luca Pacioli make to the Commercial Revolution? 3. What was the nature of banking in the Commercial Revolution? 4. What was a joint-stock company? 5. What was the Domestic System† in England? 6. What was the Price Revolution and what were its results? 7. What were the principles of mercantilism and what impact did it have on economics and politics? 8. In what ways did the CommercialRead MoreMarriage in the Middle Ages1808 Words   |  8 PagesI. Marriage in the Middle Ages A. Marriage and women’s rights in the medieval society B. Thesis: Arrangement of marriages, abuse and adultery, divorce and desertion II. Arrangement of Marriages A. Age requirements 1. Muslim 2. Christianity B. Betrothals 1. Elite 2. Peasants III. Adultery A. Upper elite nobility 1. Priests and sex a. Peasants b. Concubines 2. Kings a. Servants IV. Abuse to wives A. Physical violence 1. Lower class 2. Nobility a. Abduction/imprisonmentRead MoreEssay Middle Ages Renaissance Study Guide (Unit 2)1098 Words   |  5 Pagesï » ¿Middle Ages Dates: 500-1450 1. What was going historically during this era?   What was life like? It was a chaotic period of social and political unrest. Religious and political differences between and within regions led to nearly constant warfare. The life of all the classes was dominated by the feudal system - feudalism. 2.   Who or what had the power? The church 3.   Who were learned or literate? holy men or people of important status such as kings, queens, and knights most other people wereRead MoreGender Discrimination in the Elizabethan Era Essay1982 Words   |  8 Pagesbetween 1558 and 1603 with women ‘generally’ considered the inferior race and treated with subhuman actions based purely on their gender. Whilst is can be stated that women were treated wrongly is it fair to accuse the male men of that era with gender discrimination when it was what they were brought up to believe? Our morals and beliefs are derived from society’s general perception of right and wrong and in the Elizabethan Era it was considered normal to associate women with being a substandard classRead MoreThe Renaissance Of 17th Century Italy Essay1888 Words   |  8 Pagesin 15th century England was ultimately influenced by Italy, but had distinct developments of its own. As one may expect equal benefits for all classes and genders during this period of rapid change, the status of women did not particularly differ during this time period. Many would even argue that their presence diminished in comparison to their medieval counterparts. This essay will argue for the limited opportunities for women in education, politics, and paid labour during Early Modern Europe inRead More Medieval Chivalry Essay2847 Words   |  12 Pages Western Civilization Medieval Chivalry and Knighthood During medieval times knighthood was a class culture, cherished and jealousy guarded by the knightly caste. Knight had the honor of defending the king as well as their country. On the bloody fields of battle a code of chivalry evolved that tempered anger and fury with mercy. It created ways of turning the grim business of fighting into something tolerable, perhaps even acceptable. Chivalry was not only looked upon as a code for war; it wasRead MoreEssay on Athenian definition of democracy1213 Words   |  5 Pages Discuss the Athenian definition of democracy. Is the city state the only kind of state in which true democracy can exist? What happens to democracy when it is applied to a society with a large dispersed population? What are other examples of democratic societies besides Athens? Compare and contrast Athenian democracy with American democracy. Is the United States a democracy in the classical sense of the word? nbsp;nbsp;nbsp;nbsp;nbsp;The ancient Greek word quot;demokratiaquot; was ambiguousRead MoreKing Arthur and the Knights of the Round Table Essay2967 Words   |  12 Pages among the most popular and beloved of all time, originated in the Middle Ages. As they do today, medieval people listened to the accounts of Arthur with fascination and awe. It is certain that popular folktales were told about a hero named Arthur throughout the Celtic parts of the British Isles and France, especially in Wales, Cornwall, and Brittany (Lunt 76). Other stories of chivalry that did not include Arthur existed in this time period as well. Although these stories were not recorded at

Price - Demand and Revenue Relationships-myassignmenthelp.com

Question: Does a fall in price always increase demand and profit of a firm? Answer: Annotated Bibliography Source 1: Dairy prices: Keep calm and bake on, newspaper article Nzherald.co.nz (2017).Dairy prices: Keep calm and bake on - The Country - The Country News. [online] The New Zealand Herald. Available at: https://www2.nzherald.co.nz/the-country/news/article.cfm?c_id=16objectid=11902020 [Accessed 14 Aug. 2017]. The newspaper article focuses specifically on the price hike of milk and dairy products in one of the biggest milk producing country, New Zealand and the effects of the hike on the national as well as global consumers. The main objective of this article is to find answer to why the nationals of New Zealand, especially those in Kiwi, which produces the major share of milk and dairy products in the world, pays such a high price (Foote, Joyand Death2015). For study purposes, direct consumers, national and international, suppliers, government officials, economists and analysts are interviewed and their views are taken into account. With reference to a detailed study of the dairy market and several extensive interviews, the study concludes that the local customers are also paying the global market prices of milk and other dairy products, due to an immense demand of the commodities in the international market (Malik et al. 2013). According to the study, to cater to the huge demand and to c apture the client base as far as possible, the suppliers are redirecting their supply more towards the international market (the Kiwi citizens consist only 5% of the overall customer base of the major dairy companies) thereby increasing their revenue, but making it difficult for the locals (Chaston 2017). The article focuses on the positive impact on the revenue of the milk suppliers due to this upsurge in global demand of their dairy products. The article, deals with a real case scenario of highly inelastic demand and the favorable revenue structures that the milk sellers of the country, especially those in Kiwi experience, due to the high inelastic demand (Doole, Romeraand Adler2013). However, though demand, price and revenue relationships are beng studied in this article, the same fails to address the actual research question that is to be dealt in the assignment. The news article specifically focuses on the dairy market of Kiwi, a small region in New Zealand and only studies about the effects on the revenue and oprice structure of milk and dairy products, in this region, due to a recent increase in the global demand. The cause and effect scenario studied in this article, is also opposite to what has to be studied in the concerned assignment (Becker2013). The geographical and commodity restriction of the news article reduces the relevance of the same significantly. Therefore, though this article is viewed, a very vague c onnection can be found between this and the main area which the assignment deals, thereby making the article inappropriate for usage in research purposes for the concerned assignment (Darpizio et al. 2015). Source 2: Do Lower Prices Lead to More Sales?, blog Copyblogger.com, S. (2017).Do Lower Prices Lead to More Sales? - Copyblogger. [online] Copyblogger. Available at: https://www.copyblogger.com/product-pricing/ [Accessed 14 Aug. 2017]. The article mostly takes into account the consumer side and their perspectives regarding pricing of a commodity. Indirectly, it tries to analyze the effect on the revenue growths of an industry, depending upon how the industry sets its prices and what the consumer perceives about the credibility of the product from the price level set by the industry (Solomon 2014). The article takes the example of a photography course, covering several lessons and tries to analyse the effect of different price levels set for the same photography course. According to this article, a course package, priced very high may intrigue the customer to see what is special in that course, though he may or may not be able to afford it. This article argues that in general, for services like this, high prices are seen as an indicator of better quality of service provided (Malik et al. 2013). According to this article, a sudden price rise or fall, both can lead to immense speculations on part of the customers, reg arding the quality of the services. In this article, two types of buying phases are discussed about. In the initial phase, the consumer wants to buy a product but does not have any idea about the right price of the product, thereby guessing about the price (Nagle, Hoganand Zale2016). In the second phase the consumer gets an idea about the different prices of the products and its substitutes that prevail in the market and after comparing among the prices comes to conclusion about buying the products (Moshrefjavadi 2012). The study suggests the producers not to decrease the prices of their products abruptly as it may create more negative than positive influence on the revenue. The article, though specifically focuses on the demand side of the problem, gives a useful insight about the relationship between price and demand of a commodity or service and therefore, the effect of this relationship on the revenue of the company producing this commodity or service can be indirectly portrayed. However, the article focuses on only one particular type of service while studying the consumer behavior with respect to changes in price levels (Nagle, Hogan and Zale 2016). It also fails to show the direct relationship between the change in price and the corresponding effect in revenue of the concerned company. It may so happen that the behavior of the consumers, in response to a change in price of other types of goods and services vary significantly from that of their behavior in case of photography courses, as these type of services are availed mainly for recreational purposes and is not primarily a necessary service. Demand for these types of services is in general high ly elastic (Darpizio et al. 2015). The article needs to extend its research regarding consumer behavior patterns to other types of goods and services and it also needs to take into account the effects of price changes in the revenue of the concerned producers and the service providers, to make it more relevant for study purposes (Nwankwo, Hamelin and Khaled2014). Due to the constraint of types of services chosen and the variables taken to study in the article, it cannot be used as a conceptual base for the article. However, the demand aspect taken into account in this article can be useful as supplementary information for structuring the research. Source 3: Estimating flight-level price elasticities using online airline data: A first step toward integrating pricing, demand, and revenue optimization, peer reviewed journal article Mumbower, S., Garrow, L.A. and Higgins, M.J., 2014.Estimating flight-level price elasticities using online airline data: A first step toward integrating pricing, demand, and revenue optimization.Transportation Research Part A: Policy and Practice,66, pp.196-212. The article tries to estimate the elasticity of flight booking demand with respect to price, taking into account several endogenous and exogenous factors, which characterizes the demand for flight tickets. It takes Jet Blue Flights for research purposes and studies the data of this commercial airline in four of the transcontinental markets (Jetblue.com, 2017). The endogenous issues in prices, usually occurs while calculation and can lead to biased results and wrong recommendations for pricing strategies. These problems are corrected with the help of an approach of instrumental variable. The article tries to estimate the price elasticity with the help of Ordinary Least Square Method and Two Stage Least Square Method, taking the number of flight bookings as the dependant variable, measured in terms of departure dates and time, the type of markets and the number of days in advance the ticket is booked (Rao 2015). The study results in several interesting observations with significant imp lications on pricing strategies of flight tickets. The study finds business travelers less sensitive to price changes than those who are pleasure tripping. This may be because of their inelastic demand for flight tickets as they are booking flights for professional purposes. Moreover, the demand for short distance flight tickets (the distances which can also be travelled by road if required) are highly price elastic as there are many possible substitute modes of transport available (Malik et al. 2013). Demand for tickets of Jet Blue become strikingly price sensitive in presence of sales and promotional offers of its competitors. The price sensitivity also varies depending upon whether the flight is departing on weekdays or weekends, with those booking weekend flights being more sensitive to prices than those booking weekday flights (Rios, McConnell and Brue 2013). The article derives several important factors influencing the price elasticity of flight tickets, which directly implies that one price strategy for all will not be beneficial for the company as it may reduce the revenue. According to the recommendations of this article, the factors discussed above should be taken into account while planning a composite and dynamic set of pricing strategies, which can direct positive effects on revenue (Cowan2012). The article deals with price, demand and revenue relationships in a real business environment, making the article relevant for the assignment. However, the article is limited to only commercial aviation sector and deals with one particular commercial airline, thereby making it a targeted study. The general relationships between price and demand and their implication on a companys revenue is not studied as a whole (Jetblue.com, 2017). A more generic approach can make the observations in this study more applicable in all economic fields. Nev ertheless, the methodology used in the article seems robust and can be applied to other sectors as well. The article is appropriate to refer to for designing the instruments for studying the result of pricing strategies on revenue, via demand, in a general framework, which is one of the primary objectives of the concerned assignment. Source 4: Price Commitments with Strategic Consumers: Why it can be Optimal to Discount More Frequently ... Than Optimal, SSRN electronic journal article Cachon, G.P. and Feldman, P., 2015. Price commitments with strategic consumers: Why it can be optimal to discount more frequently than optimal.Manufacturing Service Operations Management,17(3), pp.399-410. The article deals with two different pricing strategies that are commonly implemented and constructs a third type of pricing strategy, which can be used, especially in case of targeted or strategic customers; the customers who have a very high reputation of being loyal buyers of a particular good or service (Peppers and Rogers2016). According to the literature, a firm can either have a static price, which remains constant irrespective of demand situations or a always discounting one, which never increases even if there is an upsurge in the demand. A third kind of pricing introduced here, is that of starting with a hiked price level and then discounting frequently. According to the article, in case of presence of a large base of strategic customers and fixed as well as flexibility of capacity of the firm, the third pricing strategy or the high frequent discounting pricing strategy performs the best (Jahanshani 2014). The article argues that if the customers are strategic or targeted t he frequent discounting strategy, though may reduce the revenue of the company in short run, may prove highly beneficial in keeping the loyal clientele satisfied, thereby, increasing the demand for the product of the company. This can prove beneficial for the long run revenue structure and the future prospects of the concerned company (Wieseke, Alavi and Habel2014). The article deals with a research topic, which is closely related to the research question of this particular assignment. It tries to show the effect on a companys revenue depending upon the pricing strategies the company takes. The author assumes the nature of the customer to be strategic or targeted and succeeds to portray a robust relationship between price reductions (in the form of frequent price discounting) and a considerable increase in the demand of the commodity, among the loyal and reputed customers (Cowan 2012). It also draws the relationship between price change and revenue restructuring via higher demand in the long run. The limitation of the article is that it only takes into account strategic customers of a particular company and its products. The article overall emphasizes on how to design pricing strategies such that the company can maintain and increase the strategic clientele and is mainly concerned with the long run revenue increase of the firms (Peppers and Roge rs 2016). It does not take into account the demand of all types of consumers and highly ignores the possibility of decrease in the revenue in the short run, due to frequent price discounting, in order to keep the strategic clientele. In spite of this limitation, the article can serve as a important resource material for studying the problem posited in the concerned assignment an can also help in recommending pricing strategies in a general microeconomic framework (Rios, McConnelland Brue2013) . Source 5: Will Lowering Your Prices Increase Profits?, commercial site Marketingmo.com (2017).Will Lowering Your Prices Increase Profits? | Marketing MO. [online] Marketing MO. Available at: https://www.marketingmo.com/strategic-planning/will-lowering-your-prices-increase-profits/ [Accessed 14 Aug. 2017]. The article reviews the effect of a fall in price of a commodity on its demand and the revenue of the concerned industry. It tries to examine whether with a fall in price, the revenue of the company always increases. To study the relationship between the variables, the article takes help of the basic microeconomic concepts of demand and supply and their relative elasticity with respect to price (Rios, McConnelland Brue2013). The research focuses on a range of price elasticity of demand and their effect on the revenue of the organizations in general. It tries to see the result of a price change on a commodity with high price elasticity of demand and on another with comparatively low price elasticity. According to this article, in case of inelastic price elasticity of demand, a fall in price does not tend to increase the demand substantially, thereby having a little effect on the overall revenue. However, this may not be the case for a commodity, whose demand is highly price elastic (V arian 2014). The article also suggests several optimal pricing strategies like analyzing pricings of competitors, calculation of profitability, forming plans for pricing strategies and others. Although the article takes into account the subject of the assignment in a broad and general perspective, the microeconomic tools used in the article seems to be robust and applicable in studying the effect of fall in price over demand and overall revenue. The main drawback of this article is that, it studies the price revenue relationship in a broadly general framework. It fails to take into account the exceptions that can arise due to exceptional nature of the commodities (like those of Giffen goods, Veblen goods and inferior goods) or of the markets (in case of exceptional economic phenomena like recession or natural calamities, where law of demand usually fails in many instances) (Pielow, Sioshansi and Roberts 2012). For making the article more relevant, the article needs to take into account the outliers and the special cases where the law of demand is violated. It can also take into account a few case studies specific to industry types and economic zones to examine the feasibil ity of the concept that with a fall in price the demand of a commodity increases, leading to an overall increase in the revenue of the company (Baumol and Blinder2015). For the purpose of studying the problem mentioned in the assignment, this article can be used as a conceptual base. The tools used in this article are easy to understand and broadly applicable. Therefore, though not the sole foundation for this assignment, the article can provide a preliminary concept and it can also contribute in forming the methodology of the article. References: Baumol, W.J. and Blinder, A.S., 2015.Microeconomics: Principles and policy. Cengage Learning. Becker, G.S., 2013.The economic approach to human behavior.University of Chicago press. Chaston, I., 2017. Entrepreneurship.InTechnological Entrepreneurship(pp. 1-24).Springer International Publishing. Cowan, S., 2012. Third Degree Price Discrimination and Consumer Surplus.The Journal of Industrial Economics,60(2), pp.333-345. Darpizio, C., Levato, F., Zito, D. and de Montgolfier, J., 2015. Luxury goods worldwide market study.Bain Company. Doole, G.J., Romera, A.J. and Adler, A.A., 2013. An optimization model of a New Zealand dairy farm.Journal of dairy science,96(4), pp.2147-2160. Foote, K.J., Joy, M.K. and Death, R.G., 2015. New Zealand dairy farming: milking our environment for all its worth.Environmental management,56(3), pp.709-720. Jahanshani, A.A., Hajizadeh, G.M.A., Mirdhamadi, S.A., Nawaser, K. and Khaksar, S.M.S., 2014. Study the effects of customer service and product quality on customer satisfaction and loyalty. Jetblue.com (2017).JetBlue | Flights and Airline Tickets at Discount Prices. [online] Jetblue.com. Available at: https://www.jetblue.com/flights/#/ [Accessed 16 Aug. 2017]. Malik, M.E., Ghafoor, M.M., Iqbal, H.K., Ali, Q., Hunbal, H., Noman, M. and Ahmad, B., 2013.Impact of brand image and advertisement on consumer buying behavior.World Applied Sciences Journal,23(1), pp.117-122. Moshrefjavadi, M.H., Dolatabadi, H.R., Nourbakhsh, M., Poursaeedi, A. and Asadollahi, A., 2012.An analysis of factors affecting on online shopping behavior of consumers.International Journal of Marketing Studies,4(5), p.81. Nagle, T.T., Hogan, J. and Zale, J., 2016.The Strategy and Tactics of Pricing: New International Edition. Routledge. Nwankwo, S., Hamelin, N. and Khaled, M., 2014. Consumer values, motivation and purchase intention for luxury goods.Journal of Retailing and Consumer Services,21(5), pp.735-744. Peppers, D. and Rogers, M., 2016.Managing Customer Experience and Relationships: A Strategic Framework. John Wiley Sons. Pielow, A., Sioshansi, R. and Roberts, M.C., 2012.Modeling short-run electricity demand with long-term growth rates and consumer price elasticity in commercial and industrial sectors.Energy,46(1), pp.533-540. Rao, J.N., 2015.Small Area Estimation.John Wiley Sons, Ltd. Rios, M.C., McConnell, C.R. and Brue, S.L., 2013.Economics: Principles, problems, and policies. McGraw-Hill. Solomon, M.R., 2014.Consumer behavior: Buying, having, and being(Vol. 10). Upper Saddle River, NJ: Prentice Hall. Varian, H.R., 2014.Intermediate Microeconomics: A Modern Approach: Ninth International Student Edition. WW Norton Company. Wieseke, J., Alavi, S. and Habel, J., 2014, October. Willing to pay more, eager to pay less: The role of customer loyalty in price negotiations.American Marketing Association.

Strategic Management Essay Sample free essay sample

Demonstrate how you would measure personal and professional accomplishments required to accomplish strategic ends: -Demonstrate how you would utilize appropriate methods to measure personal accomplishments required to accomplish strategic ends -Explain how you would use techniques to measure the professional accomplishments required to back up the strategic way of the organisation In order for an organisation to be successful and keep long term sustainability it needs to guarantee that there are effectual strategic directors who are good cognizant of the ends and aims of the organisation so that they can work towards the ends and aims expeditiously and efficaciously ( Williams A ; McWilliams 2010 ) . We will write a custom essay sample on Strategic Management Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There are assorted accomplishments that a strategic director should hold but some of the accomplishments that are extremely indispensable are clip direction accomplishments. direction accomplishments. emphasis direction accomplishments. job work outing accomplishments. motivational accomplishments. good communicating accomplishments. determination doing accomplishments and leading accomplishments. These accomplishments are farther divided and assigned into two classs ; Personal accomplishments and Professional accomplishments ( Williams A ; McWilliams 2010 ) . In my instance. I am responsible for the overall operations of the company whether that be any undertaking established or upcoming. Hence I need to guarantee that I use my accomplishments are in a proper mode so that they are in line with the organization’s strategic ends. Personal accomplishments explained in simple footings are the ability to make something. These accomplishments are really indispensable to every person whether they be an employee in a company or a pupil in a university. They play a really of import function for directors as they are perceived as a function theoretical account for their staff. Time direction. emphasis direction and communications accomplishments form portion of personal accomplishments. I would utilize the method of accomplishments audit to measure the personal accomplishments that are required to accomplish strategic ends. A accomplishments audit is a procedure whereby it will assist me to believe about the things that I am good at and those that require farther development ( Dadwal n. d. ) . My organisation recommends a accomplishments audit for each of its employees. Another method that I focus on is the feedback method. Sing our company is really new we have monthly feedback session with the manager which farther helps us to admit our weak and strong points. Professional accomplishments include accomplishments such as guidance and mentoring. leading. and presentation accomplishments. In footings of measuring my personal accomplishments I use the SWOT analysis. This is a possible attack whereby I can place my strengths. failings. chances and failings. This designation is intended to assist an single their development demands and wants ( Dadwal n. d. ) . I believe this helps me in developing my calling in a way where I take optimal advantage of my endowments. abilities. and chances. Section 2 Demonstrate how you would carry on a accomplishments audit to place learning manner: -Demonstrate how you would transport out a accomplishments audit to measure the strategic accomplishments needed to run into current and future leading demands -Explain how you would use appropriate techniques to place preferable acquisition manner A accomplishments audit is whereby one can reexamine their bing accomplishment against the accomplishments that are required in your current every bit good as future function. It helps in placing bing accomplishments. identifies what accomplishments might be required in order to transport out your current function. be aftering efficaciously. developing and bettering the accomplishments and cognition required for future calling. Skills audit is carried out as a five phase procedure. Phase 1 – Existing Skills and Knowledge Identification The first phase is composing down the cognition and accomplishments which are considered of import for the current function. This can usually be obtained from the occupationdescription. Phase 2 – Future Skills and Knowledge IdentificationThis is observing down the cognition and accomplishments that are considered to be indispensable for future function. Phase 3 – Rating Your AbilityOnce the list is ready. the current abilities need to be rated against each accomplishment. This can either be done in a three points evaluation of strong. weak and mean or in five points evaluation which in more in deepness. 1. = no current competence 2. = Some consciousness3. = some competence4. = high degree of competence5. = to the full competent Phase 4 – Review Your Ability RatingsThis phase advises to acquire the list reviewed in order to derive feedback. usually by a supervisor in the workplace. Phase 5 – Your Future Development The last phase is merely utilizing this information in bettering. developing accomplishments and cognition for future development. Below is a accomplishments audit that I conducted for myself. I believe that I will be necessitating the same accomplishment set for my future calling as good hence I have merely conducted the accomplishments audit for my current function. Knowledge and accomplishments which I consider to be of import for my current function Your Ability Rating ( 1-5 ) or strong / weak / someplace in between Planning accomplishments 4Self-management accomplishments 3Communication skills 5Leadership skills 4Peoples pull offing accomplishments 4Time direction 3Analytic skills4Interpretation skills4Presentation skills 5Problem-Solving accomplishments 5Computer skills 5Networking accomplishments 3Decision-making accomplishments 4Motivation skills 4 There are assorted theoretical accounts that explain the manner people learn. One can be more of an effectual scholar if they are cognizant of the scope of possible acquisition methods and known when to use and what will outdo work for them ( Rosewell. n. d. ) . Harmonizing to Honey and Mumford ( 2000 ) . they claim that persons prefer different methods of larning depending on the scenario and experience degree. They have provided a questionnaire that examines general behaviour inclinations. This theoretical account is used by our organisation and I have used it for my preferable learning manner every bit good. There are four larning manners to this i. e. ; Militants. Pragmatist. Theorist and Reflector. After taking that questionnaire I can confidentially state that my preferable learning manner is a combination of both Militants and Pragmatist depending on the state of affairs. Section 3 Demonstrate how you would implement a personal development program: -Demonstrate how you would build a personal development program that meets leading development demands identified in the accomplishments audit -Explain the methods you would utilize to measure the results of a personal development program against personal work aims -Explain how you would measure the impact of your ain acquisition against the accomplishment of strategic ends A personal development program is where a list of ends and aims are included for persons to find the manner to accomplish these aims. This is considered to be a really structured attack ( BSBM notes ) . Below is my personal development program which I had constructed in a old assignment prior to carry oning a accomplishments audit. This program was constructed sing my current occupation and the accomplishments I needed to make it competently. I had besides considered the possible alterations in the old ages in front. I noted down both my short term every bit good as long term aspirations and the clip required to accomplish them. I carried out a realistic attack towards the readying of this program. I including my acquisition demands and how they will they fulfill the demands for carry throughing my personal every bit good as organisational aims. In building a Personal Development Plan one besides needs to see the resources that will be required in order to accomplish the aims every bit good as puting a realistic clip. While building this PDP I kept the SMART ends in head. After carry oning the accomplishments audit I would do more entries into the program sing the evaluation I gave to each accomplishment. Development NeedAction NeededResources NeededPersonal ObjectiveOrganizational GoalDate for Achievement A ; Review 1. Better Planning accomplishments -Set ain deadlines. instead than follow existent deadlines -Train staff in a manner that they come up with their ain agendas and so consult with meOn the occupation experience every bit good as larning programme. Improvement in the planning accomplishments will do me work more expeditiously and efficaciously. less emphasis. Working efficaciously and expeditiously will do it easier to accomplish organisational ends. December 2012 2. Better Self- direction accomplishments -Provide some flexibleness in the to make list. larn to prioritise On the occupation experience every bit good as larning programme application into the workplace Self-management accomplishments will assist me in a manner that I can break trade with the undertakings that are assigned to me Since I am the Operations director. the undertakings I do. hold an consequence on the organisational ends and aims On-going 3. Better Self-confidence ( swear ain determination doing power ) -On the occupation experience. interaction with co-workers-Weekly reappraisal of achievements. errors. and so larn from the errors -Learning programmes. every bit good as workplace experience-will assist get the better of the emotional elements which is portion of my failing. demand to swear my determination doing power so I am more stronger and confident in doing determinations -Operations Manager needs to move in the best involvement of the company. Since better assurance will foster assist me in doing determinations and swearing them will finally ensue in run intoing organisational ends Ongoing4. Networking accomplishments Need to socialise more. attend conferences. concern parties. etcGuidance from manager and senior managementWill aid in future calling Will assist organisation sing it runs several undertakings Ongoing 5. Time managementNeed to clip myself. put dismaies. deadlinesOn the occupation experience Salvaging clip. less stressTasks done efficaciously and expeditiously On-going In order for me to measure the result of the Personal Development Plan against my personal work aims I would carry on a reappraisal every one time in a piece. to see whether that result has been achieved. I need to find to what extent I have met the ends. In instance the results have non been met I should do appropriate alterations to my program and proctor as to what is it that I am non making right. Additionally I can besides maintain a acquisition log where I make entries after a twosome of hebdomads where for case the clip direction accomplishments. I can put an earlier deadline for a undertaking and see whether I am able to complete it on clip. that peculiar activity can be recorded in the acquisition log. hence this will assist me for the self-evaluation at a ulterior phase. The larning log will be entering the path modus operandi which will finally assist me in reexamining my result against my personal work aim. My rating will measure the extent to which I have made advancemen t in implementing the Professional Development Plan and accomplishing SMART aims. When I have achieved the strategic ends I will do a comparing of what I am making otherwise which will finally take to the apprehension of what I have learned against accomplishing the strategic ends. Brooding Learning Statement The chief subjects of this unit has impacted and will certainly impact my work function in the hereafter. I have gone through tonss of articles. notes. diaries provided to derive an apprehension of what strategic direction is all approximately. In add-on to this I have spoken to directors in the workplace who are manner more experient than me to derive an penetration and so associate the existent life illustration with the theory and I understood the constructs in deepness by this comparing. At the start of this unit I consider that I was weak in a few countries and I had to carry on a batch of research but my strength of being motivated and determined take me into carry oning appropriate research for this subject given that there is non plenty ( harmonizing to me ) stuff provided on Moodle as in comparing with other units. I feel really comfy about this unit now. Mentions Dadwal. S n. d. . â€Å"Personal development program and Learning styles† . Powerpoint notes. viewed on 1. 10. 2012. retrieved from cyberspace. Honey. P. A ; Mumford. A. ( 2000 ) . â€Å"The larning manners helper’s guide. Maidenhead† : Peter Honey Publications Ltd. Rosewell. J n. d. . â€Å"Learning Styles† . The Open University. Williams. C A ; McWilliams. A 2010. MGMT. Asia Pacific edn. Cengage Learning. Melbourne.