Oil s Impact On The Economic Spectrum - 3994 Words

Introduction Crude oil is the largest individual source of the world’s energy needs, it’s used in the production of many other products such as plastics, synthetics, fuels, bitumen etc. and is used as a benchmark for the pricing of other energy sources such as LNG. Oil’s impact on the economic spectrum i.e. from the hip pocket of the â€Å"man or woman on the street† to national finances cannot be understated. Oil prices are determined through the interaction of physical and financial markets, therefore making it’s pricing exceedingly complex. In Part A of this report, we endeavour to predict whether the Brent crude oil price will be above or below the current â€Å"spot† price of around US$60 per barrel in one and five years time and we consider demand concerns in China, supply issues within the US and OPEC (Saudi Arabia especially) as well as global geopolitical impacts. In Part B, fuel is the largest operating expense for an airline and we will assess the vulnerability of the share prices for Qantas and Virgin Australia to movements in the oil price. Part A 1. Chinese Demand According to the U.S. Energy Information Administration (2014), China is the world s second largest oil consumer behind the U.S. and with a fast-growing economy that accounted for one-third of the world’s oil consumption growth in 2013 (and expected for 2014), its demand profile is a key determinant of Brent crude oil price. Factors include: †¢ It is expected that China will target a Gross Domestic ProductShow MoreRelatedRisk Assessment And Action Plan1646 Words   |  7 Pagesinclude unforeseen events that arise outside of the normal operating environment. An example of a hazard occurrence that spurred further regulation was the Deepwater Horizon disaster in 2010 which led to multiple deaths and contributed to the largest oil spill in U.S. History. The design and operation of Deepwater Horizon did not adequately control the release of hydrocarbons (high-pressure gas) from the Macondo well which caused a massive explosion. As a result, The U.S. department of the InteriorRead MoreEconomic Analysis ( Ks ) Essay1230 Words   |  5 PagesEconomic Analysis (KS) The Federal Reserve reports in the Beige Book that was most recently published on April 15, 2015, that throughout the twelve Federal Reserve Districts, which include, Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansa City, Dallas, and San Francisco, economic expansion continued to grow within most regions. Consumer spending is on an upswing in Boston Philadelphia, St. Louis, Minneapolis, and San Francisco, who allRead MoreChapter One Of Esty And Winston’S Research Novel, â€Å"Green1081 Words   |  5 Pagesare now held to higher standards: they can no longer just produce. Government and consumers alike are demanding more from companies, particularly on an environmental spectrum. Esty and Winston first detail the newly formed â€Å"Green Wave† initiative. The Green Wave, referring to companies’ increased attentions to their environmental impacts, was brought about by mainly two â€Å"interlocking sources of pressure†: 1) the depletion of natural world which could eventually cause a loss of business and resourcesRead MoreThe Nuclear Family is no Longer the American Ideal Essay954 Words   |  4 PagesTimes have changed; the nuclear family is no longer the American ideal because family needs have changed since the 1950s. This American convention of a mother and father and their two children, were a template of films and early television as a depiction of the American family life. Now seen as archaic and clichà © by today’s standards, but the idea is common throughout many of the first world nations in the world. This ideal was a vast departure from the past agrarian and pre industrial familiesRead MoreFree Trade And Its Effects On The Prosperity Of Countries1744 Words   |  7 Pagescenturies. Free trade is defined as a system in which goods, capital, and labor flow freely between nations without any trade barriers (What Is Free Trade?). Many nations therefore engage in this policy in order to ensure their citizens have enough economic resources or consumer goods for meeting various wants or needs. At the global level, free trade became a major U.S. foreign policy priority for the post-World War II international system and played a central role in establishing the Bretton WoodsRead MoreTypes Of Integrated Pest Management Programs Against Cotton1198 Words   |  5 Pagesinfestation with both species and the economic yields are almost impossible to achieve without their chemical control. In Egypt, Khidr et al. (1996) tested the efficacy of the pyrethroids, cypermethrin, cis-cyfluthrin, S-fenvalerate, fenpropathrin and cyhalothrin against P. gossypiella and E. insulana. They stated that, all insecticides gave a high degree of control against cotton bollworms and the treatment increased the yield of cotton significantly over the control, with s-fenvalerate being the best treatmentRead Moreâ€Å"Human Resource (Employees) Is the Most Important Asset of an Organization.1034 Words   |  5 Pagesis one of the main resources that the country depends on to attract foreign investors. In 1965, Singapore was officially separated from Malaysia. This called for internationalization for almost all of its economic activities, boosting Singapore’s economic growth. In the late 1970’s, after the oil crisis reduced recession, the Singapore see a need for greater selectivity in the industries it promoted to achieve more efficient labour usage. Educational in schools and training programs was introducedRead MoreTrade Patterns Of Usa And China1341 Words   |  6 Pagessecond-largest trading partner, third-largest export market and the biggest source of imports for the United States. The U.S. government’s debt purchased by China provides US the benefits of low interest rates (Morrison, 2015). While for few this economic relationship is considered to have a positive effect as it helps to fund the U.S. economy, for others it is an attributable concern that China may gain more power over the U.S (Loc.gov, 2016). Some major trade policies have negatively impacted theRead MoreInternational Humanitarian Intervention : The United Nations1287 Words   |  6 Pagescollapse than are stated in Africa because where state failure appears to be endemic19. For example look at Indonesia, the conflict in East Timor after Suharto s downfall was the most dramatic exception to this rule. Indonesian strategic analyst argued, Is Indonesia a failed state? Even after almost five years of multiple crises — economic, political, social, and cultural — one could not say that of Indonesia today. Indonesia has become a weak state, but not a failed one. Latin American and AsianRead MoreMedia s Influence On Society s Emotions And Opinions1517 Words   |  7 Pagesheavily on the information provided by media. While being exposed to a lot of information may be positive, it can also cause an overload of negative repercussion on people and society. Many experts agree that media is dominated by images that negatively impact the way society take actions in their day to day life. The media has also generated a set of tools that can be used dramatically to improve organizational performance. It has contributed to political leaders worldwide by identifying, and reflecting

The Critical Appraisal Process - 1498 Words

The critical appraisal process is implemented to examine the reliability and validity of a research study by evaluating relevance in practice and how to improve the quality of medical care. The focus of this assignment is to critically appraise the article The lived experience of parents and guardians providing care for child transplant recipients by focusing on the study methods, design, sample, data collection, and findings to measure significance of execution in the clinical setting. According to Williams, Eilers, Heermann, Smith (2012), with a statistical increase in children living â€Å"normally† post transplant, there lies a demand to understand the reality of patient’s and family’s experiences and potential stressors presented throughout this financially, physically, and emotionally taxing process. Synopsis The main emphasis of the qualitative research study titled The lived experience of parents and guardians providing care for child transplant recipients is to highlight the trials and tribulations parents and guardians are faced with when caring for a child post transplant (Williams et all, 2012). The study is aimed to direct healthcare members to understand the importance of increasing communication and in hospital education prior to discharge in order to decrease stress and improve long-term survival. Laurel Williams, June Eilers, Judith Heerman, and Karen Smith (2012) out of the University of Nebraska Medical Center developed a study after determining there was aShow MoreRelatedTraditional Methods of Performance Appraisal1717 Words   |  7 PagesTop of Form Bottom of Form Top of Form Performance appraisal is a method of evaluating the behaviour of employees in the work spot, normally both the quantitative and qualitative aspects of job performance. Performance here refers to the degree of accomplishment of the tasks that make up an individual’s job. It indicates how well an individual is fulfilling the job demands. The purpose of performance appraisal is to update the worker on his progress, gauge his behavior and performanceRead MorePerformance Appraisal1343 Words   |  6 PagesASSIGNMENT # 2 PERFORMANCE APPRAISAL Content Introduction........................................................................................................................3 Job description....................................................................................................................4 Performance appraisal method...........................................................................................5 Identification of appraiser....Read MoreObjective 317.1.6-03-06 and 317.1.6-08-10 Essay1074 Words   |  5 Pages and standardized for all employees. 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Considerable Popularity Among Its Customersâ€Myassignmenthelp.Com

Question: Discuss About The Considerable Popularity Among Its Customers? Answer: Introduction Starbucks is a well-recognized coffer house chain which has managed to spread across the globe and enjoys considerable popularity among its customers. Established in 1971 in Seattle, Washington the brand has managed to expand its operations extraordinarily to over 24,400 coffee shops across the world. Starbucks specializes in servicing Coffee, Smoothies, Tea, Baked Products and Sandwiches to customers visiting the stores(Schultz 2011). But it has been argued by many that Starbucks doesnt actually sell its products but its services and brand due to offering different setting which attracts customers to the coffee house. Starbucks A Product or a Service Starbuck has grown to be a major coffee house brand globally and stores are located in most major cities and shopping malls. The stores offer coffee as well as several accompaniments but its the setting which truly attracts customers. With a cup of coffee costing approximately $5.00 on average, customers are not likely to be visiting the Starbucks for their daily morning coffee while on the way to work. Instead, its common to find families and friends visiting malls opting to visit coffee house(Schultz 2012). By considering this, one can claim that Starbucks mainly sells its services to customers who can enjoy the setting and amenities while enjoying their coffee. Its common to find customers visiting the store as an outing or mini-party with many also opting to click photos while at the Starbucks stores. All these factors contribute towards demonstrating that Starbucks is mainly considered as a service business where customers visit to enjoy the coffee but also experience the brand. Starbucks is well recognized for offering a unique setting at each of its stores which also seeing customers visiting different Starbucks stores just to experience the coffee houses. Again the setting is different but the brand allows for the customers to click photos which they can then share on the social media website and show friends. In addition to coffee and accompaniments, Starbucks also offers and study section where customers can sit and enjoy their coffee while working. Starbucks offers a power pluck and free Wi-Fi to its customers which allow them to go about doing their work while having coffee at the restaurant. This helps attract additional customers to the store since many people need a place to sit and do some work on their computer, tablet or smart phone for a few minutes. This results in Starbucks seeing regular customers visiting the restaurant to use the facilities during the day time house which allows the stores remain operations at all times. Evenings see large crowds visiting to experience the service and brand which makes Starbucks more of a service as compared to a product(Duncan Moriarty 1997). This is due to most people visit the stores so as to be part of the brand and not necessarily to have the coffee. Applying the Principles of Service Marketing Investing On a Skilled Workforce Starbucks is a well-recognized brand globally but every brand is heavily dependent on its staff to deliver a positive impression to the customers. This is well understood by Starbucks and the brand has invested heavily towards hiring and training the staff to handle customers in the most professional manner possible(Lovelock Wright 2002). Staff communication and interactions with customers have a direct influence on service marketing since the staffs are the point of contact between the brand and its customers. To ensure the staff delivers a positive impression and experience to its customers always Starbucks recruits if staff through a strict selection process after which employees are sent for thorough training before visiting their floor. The new employees also take up job responsibilities which do not require direct customer interactions till they have developed adequate skill and confidence and have passed the QA on job training tests. Offering More than Coffee Starbucks is a well-recognized coffee house but the brand doesnt focus only selling great coffee. Instead it also offers a world class setting that attracts customers to the brand. Most of its customers visit the stores to experience the brand and use the facilities. This change in Starbucks service delivery strategy changed during at the turn of the millennium whereby a major increase in the use of digital technologies was registered. This resulted in more people being able to communicate while on the move which delivered freedom to work on the move. For many, visiting a secluded coffee house like Starbucks allowed them to have a cup or two of coffee while having an important meeting call. This would see Starbucks register a huge number of visitors making use of the facility for important work and business which allowed the business to begin growing popular and expanding exponentially. This trend continues today and is considered as an important service marketing strategy which cust omers access and use thus keeping the brand very popular. Free high-speed Wi-Fi As of 2016, 90% of Starbucks 14 million customers were internet users. This is due to Starbucks targeting middle and higher income groups who can afford to purchase the latest communication gadgets. Offering free high-speed Wi-Fi has also helped contribute immensely towards Starbucks service marketing(Jaffe 2010). With customers visiting the coffee house to work and have important meetings, it has become a common place that people will visit and utilize the facilities to communicate or work. Offering Hot breakfast Service Most of Starbucks customers visit the stores to do some work or have a meeting over coffee during the day or for entertainment during the evening hours. It is therefore unlikely that the Starbucks Hot breakfast Service will register success as the brand mainly attracts professionals looking for a comfortable setting to complete some work over coffee or those reaching for an outing. This makes the hot breakfast service idea one which may register failure due to customers not searching to have a meal at Starbucks but rather just a hot beverage while on the move. Conclusion Starbucks is today ranked as the leading coffee house globally and the brand continued growing day by day. This success has been directly linked to the brand's strategic service marketing which has allowed the brand to retain its customers confidence and continue registering success. With more brands entering the coffee house business it has become critical to ensure customer satisfaction is retained at a high level at all times so as to ensure business suitability in todays competitive market. References Duncan, T Moriarty, S 1997, Driving Brand Value: Using Integrated Marketing to Manage Profitable Stakeholder Relationships, McGraw-Hill. Jaffe, J 2010, Flip the Funnel: How to Use Existing Customers to Gain New Ones, John Wiley Sons. Lovelock, C Wright, L 2002, Principles of Service Marketing and Management, Prentice Hall. Schultz, H 2011, Onward: How Starbucks Fought For Its Life without Losing Its Soul, John Wiley Sons, West Sussex. Schultz, H 2012, Pour Your Heart Into It: How Starbucks Built a Company One Cup at a Time, Hachette U