Economic Recovery in UK Essay Example for Free

Economic Recovery in UK Essay Introduction Over the past few years, UK economy has been is a recession period characterized by decline in positive business conditions. This period indicated unfavorable business environment due to aspects of high taxation, reduced demand and high cost of imports. The period was also characterized by low cost of imports which results to unfavorable balance of trade in UK. Economic downturn in UK has great influence in business especially the high street brands (Holley, 2012). With that kind of economic, grow conditions there was increased concerns about the future of high street s. this trend threatened the long term survival and attractiveness of high street brands since the economic conditions undermined the ability to attract a range of potential customers and other businesses. However, signs of economic recovery are evident in United Kingdom. The United Kingdom is returning to economic growth, this is according to a range of economic indicators which reveal a stable housing market; firm’s raising confidence and employees’ readiness to hire (Irvin, 2006). According to economic data is growing faster where effects are felt throughout the economy. The data suggests that the economic recovery is evident in nearly all sectors in the United Kingdom economy. According to economic data in UK, the economy grew by 0.8 percent compared to last year economic grow denoted by 0.4 percent (Holley, 2012).  Ã‚   Considerably, economic recovery in UK has greatly boosted business in the country. For instance, many organizations have grown considerably in the current business environment that is ensured by the economy recovery. More precisely, companies such as Tesco has registered and increase in the total sales compared to recent past (Tesco annual report, 2013). This in turn has enhanced organizations strategic approach in regard planning in the current business environment. Most important, the constant economic recovery mood in UK is improving as most businesses are reacting to the increased business confidence through search of new markets. The situation has also encouraged investment and saving in United Kingdom. Increase in business confidence is accelerating; this is a fundamental financial performance signal in UK that indicates reported profit and turnover rise and is expected to improve further (Irvin, 2006). According to economic data, unemployment level has decreased drastically since the start of economic recovery in the country. This situation is characterized by increased demand, growth of most of sector especially retail. In addition, economic firing has ensured favorable balance of payment in UK (Holley, 2012). The economic recovery in UK also indicates enhanced future for high streets brands since it is improving its attractiveness and survival. According to economic data, improved economic conditions in UK will attract more potential investors and retailers to high street brands business. This because of the enhance business confidence and favorable business climate in United Kingdom. Generally, all sectors of United Kingdom economy are growing considerably showing continuing creation of employment opportunities by the government, educated workforce and enhanced living standards through reduction of costs of living (Irvin, 2006). According to economic data, there are indications of enhanced consumer confidence in United Kingdom. This phenomenon is precisely defined by the current economic recovery in  Ã‚   the country. According to Holley (2012), the level of consumer confidence is high indicated by the current economic conditions in a country. The improvement in consumer confidence is also ensured due the decline in unemployment in UK which helps to boost confidence. In addition, decline in house prices has also accounted for the improved consumer confidence in UK. Consumer confidence is fundamental as it influences economic policies in a country. Considerably, increased consumer confidence in UK has caused households to opt to invest instead of savings since they are confident of better returns with the prevailing economic conditions in the country. Positive trading conditions as a result of economic growth in U.K Growth in business confidence is a major indicator that enhances economic growth. This has lead many investors in the UK to invest in many sectors since they have confidence on the business has there is a confirmed stable growth that motivates them to even invest more in other different sectors. This trading condition has highly encouraged many businesses to search for new markets in the UK and this comes a result of them many investors within and outside UK having enough confidence on what they are investing thus, these has attributed much to enormous growth in their economy. In addition, they expect growth to create a huge pace now as the recovery continues to build steadily and business investment and net trade are also expected to offer increasing support to enhance over the coming years (Trade and investment for growth, 2011). Fairtrade sales in U.K have highly increases going up to â‚ ¬2.89bn globally towards the end of 2008 (Cofnas, 2012).   On the same line with the economic growth there is a high increase in demand that helped to avoid the economic crisis and demonstrate the difference that depict with Fairtrades. Consequently, Fairtrade is highly attributed towards enhancing the economic growth in UK. Many of the latest research prevail that through the mechanisms entailed, Fairtrade grants a positive economic opportunity for those individuals with smallholder farming families competent and ready to join producer associations and provide products of the right provisions for the required market. Consequently, numerous Fairtrade co-operatives are appropriate and are becoming stronger, frequently showing a higher capacity to survive in intricate times and becoming capable to grant important services to their members. This strengthening is mainly noticeable where producer ownership supplementary along the assessment chain is attained as demonstrated by the share ownership of producers (Cofnas, 2012). Increase in supply is another positive condition that has resulted from the economic growth in the UK. This came into consideration has the government offers and subsides to those producers of the necessary goods and services which generates external benefits that will diminish the cost of production as well has encourage more supply. This has been enacted to encourage the supply of merit goods in the UK. For instance in the education sector, health and those issues dealing with the housing finance and therefore, these particular merits can easily be funded from the local government taxation or from the nongovernmental organization and this has highly contributed to the economic growth over the last few years. This is basically because they focus on the public goods, for example they concentrate on building roads, bridges, airports and other more areas that are considered to be generating more income thus showing an increase in tax revenue. In addition, the food processing industry such as Cadbury plc is among those who have heavily benefited from the positive trading conditions, thus it noted to be among the largest leading confectionary with a wide range of products. Back in 2007, the Cadbury plc closed down the keynsham chocolate factory and this lead to about jobs closed. This was enhanced by the wake of wake of the global economic crunch, however, Presently, Hershey Chocolate Company, a US based plc is making tireless efforts to acquire Cadbury so as to enjoy broad world markets due to the positive tradition conditions that have been put in place and enhanced fully. Lastly, tariffs or free trade is another indicator that has enhances economic growth in the UK.   According to the economists, when high tariff was not formulated, UK was not economically productive as it was stuck in a huge economic depression in the early years. In contrast, the tariff has currently created appropriate economy in that there is large proportion of the entire population at the same time dependent on commerce and industry sector. The imposition of free tariff has highly promoted growth of several industries. According to the economists, the persistence in economic history, it shows the free trade provides long-run conditions for growth that maybe better than any other way (Aldridge, 2013). How positive trading conditions affects approaches to strategic planning Strategic planning is the process in an organization which leads the organization to coming up with news strategies and ideas and finding for means of achieving those strategies as one way of improving an organization or company. It deals with knowing what is to be done, how it is going to be done and for what purpose and the means of doing it. Strategic planning involves understanding a company’s mission, vision, strategies, aims, objectives, goals and achievements. The tools required for this include the pestle factors example economic, social, political, legal, environmental and technological and informatics factors. The construction industry which had been affected by the economic breakdown is now improving as various business strategies are being enhanced. United Kingdom’s GDP is pushed upwardly through enhancing the positive trading conditions. The trading conditions in the United Kingdom are currently improving amidst many challenges facing the economy of Britain thus if the GDP is to move upwards then the trading conditions must be improved. Last year November, the United Kingdom’s exports had a small positive change which made the imports to decrease thus enhancing positive trading conditions which in return reflected a positive change in the GDP (Great Britain Great Britain, 2013). Change in trading conditions impacts greatly on the GDP thus it is determined by trading conditions. United Kingdom’s sterling pound is weakening which contributes to an increase in the amounts exported because of recovery in trade worldwide. Thus as the number of exports increases the GDP maintains a positive move thereby stabilizing the economy thereby maintaining the strategic planning in order to maintain that positive move in the economy. Trading conditions determines which strategies to be put in place, when they will be made, who will make those strategies and resources required for the strategies to remain successful. The United Kingdom’s trading conditions has suffered challenges over the last few years but lately the trading conditions are taking a positive direction. The manufacturers have learnt their lessons and identified their mistakes which enable them make strategic plans in order to avoid such mistakes in future. Strategic plans have been made in such a way that employment and investments remain balanced. By doing this, the economy of United Kingdom is getting boosted and the sterling pound is gaining value (Great Britain, 2007). Investors and employers are applying good strategic planning which is greatly reflected by improvement of trading conditions and economy at large. The manufacturers are now getting huge profits, importing less and exporting more which shows that the trade market is improving greatly. The United Kingdom is trying to balance its trade which is affected by a number of factors (Middleton, Rodger MacCulloch, 2008). The production cost of the exports should always remain lower than the cost of importation for the economy to remain stable. United Kingdom is strategizing that there are enough and available raw materials instead of importing them. It has put restrictions on trade in terms of taxes and made sure that the trading environment is maintained inclusive of standards of health, safety of its people and conducive environment. Foreign exchange is a key strategy and a contributing factor in the economy of the United Kingdom. The high the foreign exchange the more stable the economy is and vice versa. In addition, it has come up with the strategy of minimizing the cost of the goods sold locally and increasing the cost of its exports. In addition, it has reduced the amount of imports in the country by producing most products locally. The commercial banks and investments banks were greatly affected by the economic decline then followed by the construction and insurance firms and companies. Through the good strategies enhanced the economic started to rise and is now growing to higher standards. The merits, effectiveness and relevance of prescriptive and emergent approaches to strategic planning in this improving economic climate The effectiveness on the strategic planning is based on the ability on how managers and leaders are able to establish concrete strategies which help them attain their vision and mission in the most appropriate means possible.   Strategic planning is fundamental to address long term issues which might which might be as a result of prescriptive and emergent approaches.   During hard economic times, strategic planning is vital for organization to draw up tangible strategies capable to enable the firm to reach out its desired goals and objectives. Prescriptive strategic planning can be defined as a strategy established before the whole implementation process starts (Jeffs, 2008). The whole idea revolves around investigation, planning, development and full implementation.   This approach is vital particularly to ensure analysis of a firm is stable in relation to the economic conditions. Prescriptive strategy is more focused towards developing enough ability to predict the changes occurring on the external environment. This approach makes it achievable to systematize difficult activities and conditions as a way of addressing the current environmental changes (Friend Zehle, 2004). On the other hand, emergent approach is an appropriate alternative to the prescriptive strategic planning.   Emergent approach strategies are developed as time elapses but usually without any objectives or reasons.   This approach is a bit flexible because it allows creation of more creative and responsive process in relation to the present economic conditions.   This approach is not only important but also appropriate mainly to address the volatility evidenced in the present creative and responsive process. This approach is important because it can be easily altered in the best way possible to suit the current economic conditions (Rao, Rao Sivaramakrishna, 2008). It is also be applicable in unpredictable environment in order to address some key issues of concern.   As evidenced the climate is changing rapidly, and therefore it is important to adapt good strategies to ensure and maintain firm’s survival. Effectiveness of both prescriptive and emergent approaches is based on the ability to establish clear business objectives and aims.   The level of flexibility between different companies matters a lot in relation to adaptation of these strategies.   Evidently, firms must develop tangible strategies to tackle the current changes in the environment in order to ensure their survival.   Effectiveness of the strategic planning is based on the fact how a firm is prepared enough to handle all maters presented by economic conditions (Jeffs, 2008).   The focus towards attaining business objectives is the key driver towards establishing effective strategic plan. The numerous changes happening in both developing and emerging countries have led to establishment and diffusion of efficient strategic planning.   The effectives of both prescriptive and emergent approaches are determined by how an organization is able to polish its operations and implementation of viable strategies. In other works it can be stated as the degree at which firms are able to successfully achieve its desired objectives in the most appropriate procedural.   The effectiveness of strategic planning is closely linked with its achievements as a result of established objectives.   Basically, strategic planning is more concerned with objectives and results despite presence of economic conditions (Rao, Rao   Sivaramakrishna, 2008). Strategic planning is relevant to address all issues emerging as a result of economic trading conditions.   According to Friend and Zehle (2004), both prescriptive strategies and emergent strategies are so relevant to address the current situation as witnessed in the in the current economic climate of instability. There is need for companies and organizations to effectively implement and adapt these strategies mainly to ensure their survival.   The aim of these strategies is to ensure that an organization has proper mechanism put in place to handle changes which might be as a result of environmental changes (Jeffs, 2008). Strategic planning has gained more popularity with many companies adapting strategies with more efforts focused towards achieving the aims and objectives goals.   Evidently, strategic planning helps organizations to grow progress and successfully adapt effective strategies to address the constantly changing environment. Conclusion From the above paper it is evident that, over the past few years, UK economy has witnessed a recession period characterized by decline in positive business conditions. This period indicated unfavorable business environment due to aspects of high taxation, reduced demand and high cost of imports. The implication is widespread low imports hence attracting all trading businesses. The economic recovery in UK also indicates enhanced future for high streets brands since it is improving its attractiveness and survival. According to many indicators, UK economy appears to be emerging from the turbulence of the past five years; with its devastating impact on many businesses including well known high street brands. Strategic planning is vital to address long term issues which might which might be as a result of prescriptive and emergent approaches. Reference Aldridge, I. (2013). High-frequency trading: A practical guide to algorithmic strategies and   Ã‚  Ã‚  Ã‚  Ã‚   trading systems. Cofnas, A. (2012). Trading binary options: Strategies and tactics. Hoboken, NJ: Bloomberg   Ã‚  Ã‚  Ã‚  Ã‚   Press/Wiley. Friend, G., Zehle, S. (2004). Guide to business planning. London: Economist in association    with Profile Books. Great Britain. (2007). Success and failure in the UK car maunfacturing industry. London: The    Stationery Office. Great Britain., Great Britain. (2013). The future of the European Union: UK Government   Ã‚  Ã‚  Ã‚  Ã‚   policy : first report of session 2013-14. London: Stationery Office. Holley, D. (2012). UK economic recovery: The long road : a political thesis. Guildford: Grosvenor House. Irvin, G. W. (2006). Regaining Europe: An economic agenda for the 21st century. London:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Federal Trust for Education and Research. Jeffs, C. (2008). Strategic management. Los Angeles: SAGE. Middleton, K., Rodger, B. J., MacCulloch, A. (2008). Cases and materials on UK and EC   Ã‚   competition law. Oxford: Oxford University Press. Rao, C. A., Rao, B. P., Sivaramakrishna, K. (2008). Strategic management and business   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   policy: Texts and cases. New Delhi, India: Excel. Trade and investment for growth. (2011). London: Stationery Office.

Hackers Good or Evil :: Essays Papers

Hackers Good or Evil Imagine this, you are driving along the road and suddenly you see something spectacular. Now imagine that you are not allowed to deviate from your course to check it out. This is what a so-called â€Å"hacker† faces. Just imagine that you saw an injured person on the side of the road. In this analogy you are not allowed to help the injured person. A hacker is not allowed to explore like everyone else in the world. A hacker is not allowed to help fix potential security holes. The term hacker can have many meanings. The most visible to the public is the person pirating software, and breaking into corporate networks and destroying information. This is the public misconception of a hacker. Back in the Unix days, a hack was simply a quick and dirty way of doing something. Hackers in those days were basically just computer experts. Nowadays hacker means the same thing as a cracker, a person who pirates software, and malicious hackers. The media, of course, never prints the good thin gs hackers do. Most hackers provide a service to companies, by letting the company know about security holes, before a rival exploits it. Most hackers want nothing more than to simply learn. A hacker has an extreme thirst for knowledge, but not in the traditional subjects. Technology, and anything new interest hackers. In fact most security experts start out but learning and â€Å"hacking†. The bad view of hackers is not completely false. There are hackers out there that will do there best to harm any system hey can, but most want nothing more than to find the beauty in system, or network. To hackers vast networks, and the inside of a firewall that was meant to keep them out, are the most beautiful sights on Earth. In every aspect of life there are people who exploit others. Murders, robbers, or any other criminals come from every walk of life. Even hackers have some, but like the general population, it is a small percentage. Most people would call the whole Linux community hackers, because anyone who has the knowledge to run Unix must be a hacker. This show what good hackers can do. The entire Unix GNU community is run by hackers. They all contribute toward a free operating system. They all work out the bugs, and then distribute it for free. Hackers got tired of paying for an OS that did not work well.

No Fear Shakespeare Essay

In English class, everyone lets out loud groans when they hear about their next units: Shakespeare. With the class complaining about the hard language and the difficulty of understanding the plays, the teacher might grow exasperated and let them read the infamously talked about book No Fear Shakespeare. The teachers are doing question thing when they keep a supplementary text with the original. Yes, 15th century Elizabethan era is a tad difficult to understand, but that is one of the beauties of Shakespeare. No Fear has a good translation but is missing a few key elements such as symbolism, poetry, allusions, and other literary techniques. I think the original version is much better than the translated version because it has more appeal. No Fear Shakespeare is a series of translations of the Bard’s famous works to the modern-day language that is used today to make it easier to understand. I must admit that the translation is well written and is a much easier read than the original. No fear should be used for non-English speakers to read along but still have the original. Shakespeare’s language is broken down in the translation and takes away the finesse the original has. In the first soliloquy of infamously â€Å"emo-tastic† Hamlet, his first line in the speech is â€Å"Oh, what a rogue and peasant slave am I! † in the original as opposed to the translated one that says â€Å"Now I’m alone. Oh what a mean low-life I am! † Now compare them and see which sounds more poetic and more passionate. Shakespeare has a way of making such a self-loathing speech sound so passionately powerful and beautiful. The translated version is too literal while Shakespeare was all about the symbolisms and metaphors that was his trademark. In this famous â€Å"to be or not to be† speech is another example. â€Å"To be or not to be? That is the question. † Is destroyed with â€Å"the question is: is it better to be alive or dead? † The point of that line is to be used for a variety of situations it has been taken too seriously. It’s more poetic and a bit dramatic (in a good way) to say â€Å"to be or not to be† rather than â€Å"should I kill myself to end all the hardships or just live with it miserably? † It’s almost as if Shakespeare’s version is a pretty girl who wears a lot of make-up and looks attractive until you see her without the make-up and see what she actually looks like unmasked so to speak when it is taken into No Fear Shakespeare. The last line of this speech is worse saying â€Å"But shh, here comes the beautiful Ophelia. Pretty lady; please remember me when you pray. Instead the original â€Å"The fair Ophelia-Nymph, in thy orisons be all my sins remembered. † The allusion to Greek mythology is one of the things that make Shakespeare’s work significant because his world was controlled by the monotheistic Roman Church. He uses a polytheistic religion for his allusions but No fear gets rid of some of it to make it more comprehensible. The No Fear Shakespeare series should not be taught in regular English speaking class because it takes away the symbolism, rhyme, and beauty of the literature. It should be used as a reference outside of school. As one of my friend said â€Å"the teacher is supposed to teach you what it means and if you don’t get that then you can use the book translation. † I agree with this completely. They’re supposed to be teaching Shakespeare to enlighten the students in ways that connects to them. If they have a bad teacher that is when the translator is depended on to teach what Shakespeare is writing. If the language was better understood by students you’d be able to realize that the themes and plots are so relatable. What teenager doesn’t relate to Hamlet with his depression or with his feeling of being misunderstood? As Alexandra Petri’s article â€Å"On the Bard’s Birthday: Is Shakespeare Still Relevant? † it states â€Å"If we want to do a modern staging of his work, we’ll have to stipulate that ‘In fair Verona, where we lay our scene/the cell reception was spotty/from ancient grudge that brake AT&T. † Sure we can’t exactly relate because most teens have cell phones to communicate, but it gives us a feel of if this was to happen in the â€Å"electronically deprived† centuries. It gives a link from the 21st century to the 15th century. The translation’s text book definition of Shakespeare does not give you that link, it just tells a story; it doesn’t have meaning behind it. Shakespeare has great insults as well, so why insult in modern language when you can confuse a fellow peer with beautiful Elizabethan. We shouldn’t fear Shakespeare we should learn to love him. He brings beauty and richness into literature that no other could do, especially in this age. He is thought to be a genius of the theatre. He has this originality that has influenced a lot of famous authors of modern-day literature so I say â€Å"Long live Shakespeare! †

Pursuing a Career in Counseling Essay - 872 Words

The choices we make early in life have an enormous impact on our future. I have always known that I wanted to directly impact people’s lives and my personal experiences have set me on the school-counseling path. In the future, I would love to influence another generation of students to soar for their dreams. During the past three years of college, my interest in counseling has been affirmed through a variety of experiences. One important experience that influenced my decision to pursue a career as a school counselor was my involvement in my community service sorority, Chi Delta Alpha. Through Chi Delta Alpha, I volunteered on several occasions, among them I babysat children to provide parents with a night off; I was responsible for a†¦show more content†¦The first psychology class that I enrolled in was an elective. After taking the class, I realized that psychology is relevant to every individual’s life and during my course of study, test anxiety and effects of divorce in adolescence caught my interest. Test anxiety has interested me since I took the SAT in high school. I had excellent grades in school, but I was concerned about my chances of getting into the college of my choice due to my low SAT score. I would like to work with students to find ways to relieve this anxiety and offset low-test scores. I first became interested in the effects of divorce after my parents separated during my freshman year of college and I observed my siblings and my different reactions to the event. After watching my brother shut down because of the divorce, I realized that many people react to stressful events differently and I want to work with students to cope with such situations in a positive fashion. Because of my interest in the effects of divorce during the teenage years, the research being conducted by Dr. Griffin and Dr. Galassi on family-school partnerships attracts me to the University of North Carolina. After reading Dr. Griffin’s arti cle, â€Å"School Counselors and Collaboration: Finding Resources through Community Asset Mapping†, I know community asset mapping would be beneficial to students because of the importance of family on anShow MoreRelatedAn Interview With A Counselor Essay1381 Words   |  6 Pages Introduction Counseling is defined as †the use of therapeutic strategies to help clients address personal concerns and mental health issues† (Nystul, 2016). Pursuing counseling as a career involves many years of formal study and certification or licensure. After receiving licensure to practice as a professional counselors it is a requirement to maintain involvement and certification in certain associations in order to hold your license. 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Along the Frontage Road Free Essay Example, 1000 words

It became to him the baby sister whose funeral awaited them back at their house. The narrator was trying to escape from this loss however, his son Nicky tried to fill his own void by remembering his small sister Kate through that small shriveled up pumpkin, which he had found from the patch. Nicky had obviously associated the small pumpkin, which he had picked up from the patch as his own small sister who had passed away. He felt insanely protective about that pumpkin and therefore he felt that they should not cut the pumpkin for Halloween. The pain of his sudden loss was still freshly engraved in his mind therefore; he did not want to harm the pumpkin. He associated this small harmless pumpkin with his own sister. He wanted to recover the loss that he had experienced earlier in his life. This was the reason that he felt strangely protective about this pumpkin. This was the exact reason why Nicky did not want to cut open the pumpkin and he was also very upset at the thought of cutting it open. We will write a custom essay sample on Along the Frontage Road or any topic specifically for you Only $17.96 $11.86/pageorder now Andre’s function in the story is to make the narrator realize the feelings and grieving of his own son. Often it so happens that parents do not realize the feelings of their own children. This is because of the closeness to them. The closeness blurs the vision of the parents and the fail to realize the perspective of their own children. However when they see the same treatment being carried out by someone else to their children they realize their mistake. This is because the distance gives them the perspective to think about the situation rationally. Andre serves the same function in this story. It is when Andrà ©Ã¢â‚¬â„¢s father starts misbehaving and mistreating with him only then does the narrator realize that he too was being unnecessary harsh on Nicky for forcing him to cut open that small pumpkin. The narrator had forgotten that although Nicky was small child he too had feelings. He too understood the matters relating to life and death. In the end Chabon seems to be telling that often parents do not understand their own children. They are so much engrossed in their own thoughts that they fail to grasp and think about what their children might be thinking. This was the case, which had happened with narrator and his son Nicky. He was so engrossed with his own grief that he failed to realize that that much had this incident traumatized his small son. To face the death of his sister at such a tender age is very painful. Therefore when the narrator finally allowed his son to name the pumpkin Kate, Nicky replied that he wanted Kate to have the pumpkin because she could not even live.

Inception And The Prestige Film Analysis - 1835 Words

Christopher Nolan is credited as being an illusionist in the way that he directs his films. Inception and The Prestige are two of his films that will keep you pausing and rewinding for the duration while you try to keep up with the complex story lines and mind bending conclusions. Both films share a dark and sinister vibe,putting them amongst the neo noir genre of films, and The Prestige being set in an ominous, turn of the century London, and Inception based around extracting thoughts from the depth of minds it is no wonder they follow such shadowy themes. The scene from The Prestige that I will be analysing takes place in a field in Colorado Springs, where Angier and Tesla s assistant both observe a field of illuminated light bulbs†¦show more content†¦Prior to this scene, the majority of the movie has a very dark, shadowy tone to it. The scenes where the magicians are in their 1850’s London homes/workshops or theatres were set with a very woody, dark color palate, as most homes and furniture were wooden in that time period. This is why I believe there is significance in the light bulb field scene. Angier has been made a fool of throughout his career, with Borden sabotaging his shows every chance he can. I believe that the light bulbs in this scene are used to show Angier has made a breakthrough in his quest to become the better magician, and has developed past his days of trapdoors and canaries. Leading up to this scene you won t see any light as bright as those in the field, which I believe is Nolans way of introduc ing Nikolas Tesla and his science to the film, and developing the idea that it is a significant moment in Angiers career. 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Victoria Taxi and Innovation for Transport and Miscellaneous Act

Question: Discuss about theVictoria Taxi and Innovation for Transport and Miscellaneous Act. Answer: Introduction Business organization refers to the group of individuals that work together in order to achieve the same goals and objectives. In order to increase the productivity and growth of the business, business organizations come up with new innovation strategies that would be effective to improve the business operations (Newstead et al., 2015). The assignment will elucidate on the innovations and strategy of the Victorian Taxi Association that would also focus on the internal and external factors of the business environment. Discussion The Victorian Taxi Association is composed with important taxi businesses that aim to provide taxi services to its customers twenty-four hours a day and also including the public holidays. The Victorian Taxi Association is regarded as the public transport mode that was regulated and operated by the Victorian Government under the act Transport and Miscellaneous Act, 1983. With the help of this act, the Government ensures the safety and service delivery of the customers and ensures that drivers should provide better services to the customers of Victoria (Chan et al., 2016). In order to operate the business, the taxi drivers hold accreditation in respect to the Government in order to drive taxis in more than one license areas in Victoria. Apart from this, the Victorian Taxi Association consist over 95% of the taxi drivers and the members within this association are eligible for holding many accreditations that include permit holders, taxi license and more. However, the corporate service of Victoria is associated with the VTA, in order to provide advice and support for improving the business structure (Robinson et al., 2016). It also has a separate Marketing and Stakeholder Engagement Team that communicates with the public and with other stakeholders regarding any issues that might arise in the public domain. The Legal and the Regulatory services mainly composed of two separate teams that include Legal Teams and the Enforcement and the Fraud Control Team that deals with the legal procedures. The Internal factors of the business organization will help to identify the impact of success and major threats and opportunities within the business. The Internal factors of VTA are as follows. Strength: The Victorian Taxi Association is a well recognized brand in Australia, as it provides high standard of values and services to its customers (Ledesma Lpez, 2018). Moreover the operation cost of VTA is very low as it mainly relies on the direct interaction between the customers and the drivers. Weakness: One of the major weakness of the Victoria Taxi association is thee low customer satisfaction that results in the decline in the business growth rate. Moreover, it also has insufficient support for the drivers, as many poor skilled drivers are hired who have less knowledge about their job role. Opportunities: Rise in the number of more drivers helps in reducing the estimated time of arrival of cabs and customers do not need to wait for longer hours (Hemmings Park, 2017). With the introduction of the electric cars, the VTA can reduce their operational cost and at the same time could increase the profit margin of drivers. Threats: The major threat the Victoria Taxi association receives is from the Uber cabs in Victoria and accordingly increase in competition will decrease profit margin. This would discourage many taxi drivers from joining the association. The external factors of the Victoria Taxi Association are as discussed below: Political Factor: With various policies and regulations imposed by the Victorian Government, it becomes difficult for Victoria Taxi Association for operating its business (Thakur, Kinghorn Grace, 2016). Moreover, The Government imposed industry-wide changes, but the taxi drivers were critical with Government compensation as it would not cover the amount they paid for licenses. Economic Factor: The VTA has been facing major losses from the past five years and moreover, instead of reaping profits from previous losses, it is focussing on expanding business in new market. Social Factor: Easy availability of services makes it popular among its customers and direct interaction of customers with the drivers makes it easy and simple (Yang et al., 2016). Moreover, on experiencing rides, customers also share their ride experiences on social site that enables the Business to improve its strategy. Technological Factor: With the help of advent technologies, customers are able to book their rides and accordingly could share their experiences. In the recent times, the Victoria Taxi Association is facing major risk from their drivers, when the customers started complaining and sharing their horrible ride experiences on social sites. It has been stated that customers faced sexual harassment by the driver during their on-going ride, sometimes the drivers felt asleep while driving. This risk factor has a negative impact on the business as it reduced its growth and profit from the past few years (Zhang et al., 2015). Apart from this, with the increasing rise from its competitors such as Uber, the business is facing major challenges such as majority of the customers started preferring Uber than Taxi, as this had reduced the number of customers. Prior to that, with the implementation of various rules and regulations by the by the Victorian Government, such as increasing the tax rate of the driver, has lowered the margin profit of the taxi drivers. In order to incur from the risk factor, the Victoria Taxi Association came up with innovative strategies so that they could get back their potential customers and at the same time could also increase their profit and growth (Thakur, Kinghorn Grace, 2016). The VTA introduced training session for their taxi drivers so that they could be aware of the results of misconduct with the customers and apart from them, training would be provide to enhance the driving skills and knowledge of the customers. However, in order to increase their growth and revenue, The Victoria Taxi Association implemented loyalty program, that means customers who are loyal to the business would be provided with the best drivers, and accordingly the loyal customers will be provided with gift cards and vouchers. Online loyalty program have also been incorporated in order to boost the retention of customers, for the benefits of the business organization (Chan et al., 2016). The most important strategy of the Victoria Taxi Association is an Omni-Channel Approach that makes its services seamless, so that customers can enjoy every moment of their rides. In order to remain competitive in the business market, the strategies mentioned above would help them to increase their business growth. However, the Victoria Taxi Association could also expand their business market if they thrive to work only with the committed drivers that would help them to keep their service level high. Apart from that, the taxi business should introduce the current tool for operation so that customers could directly communicate with the drivers (Newstead et al., 2015). For instance they can introduce TaxiStartup Solution that would provide continuous update to the customers regarding their rides. Moreover, for the taxi business their local market is their main target, therefore they could provide better discounts offer, to bring back their targeted customers. Conclusion From the above essay it could be concluded that in order to increase their business in the competitive market, the Victoria Taxi Association should implement those strategies that would help them to bring back their targeted customers. Moreover, providing proper training to the drivers will tend to reduce major risk and accidents, and the Taxi association should also focus on safety of the customers to provide better services to its customers. References Chan, J. W., Chang, V. L., Lau, W. K., Law, L. K., Lei, C. J. (2016). Taxi App Market Analysis in Hong Kong.Journal of Economics, Business and Management,4(3). Harding, S., Kandlikar, M., Gulati, S. (2016). Taxi apps, regulation, and the market for taxi journeys.Transportation Research Part A: Policy and Practice,88, 15-25. Hemmings, P., Park, T. (2017). Creating good conditions for innovation-driven productivity gains in Australia. Newstead, S., Mulvihill, C., Budd, L., Andrea, C., Fridman, M., Koppel, S., Nheu, N. (2015). and sub-title: Research on the safety implications of taxi and hire car age limits.Safety,90(88.2), 45. Po, F. M., Ledesma, R. D., Lpez, S. S. (2018). The taxi industry: working conditions and health of drivers, a literature review.Transport reviews,38(3), 394-411. Rizan, M., Fadillah, E., RP, A. K. (2015). Influence Of Service Quality And Fare Toward Customer Satisfaction And Its Impact On Customer Loyalty Of Express Taxi In Jakarta.JRMSI-Jurnal Riset Manajemen Sains Indonesia,6(2), 618-638. Robinson, P., Fallon, P., Cameron, H., Crotts, J. C. (Eds.). (2016).Operations management in the travel industry. CABI. Thakur, P., Kinghorn, R., Grace, R. (2016, November). Urban form and function in the autonomous era. InAustralasian Transport Research Forum (ATRF), 38th, 2016, Melbourne, Victoria, Australia. Wang, X., He, F., Yang, H., Gao, H. O. (2016). Pricing strategies for a taxi-hailing platform.Transportation Research Part E: Logistics and Transportation Review,93, 212-231. Wieland, H., Hartmann, N. N., Vargo, S. L. (2017). Business models as service strategy.Journal of the Academy of Marketing Science,45(6), 925-943. Yang, Y., Currie, G., Delbosc, A., Peel, V. (2016, November). The Urban public transport experience of Chinese tourists in Melbourne. InAustralasian Transport Research Forum (ATRF), 38th, 2016, Melbourne, Victoria, Australia. Zhang, D., Sun, L., Li, B., Chen, C., Pan, G., Li, S., Wu, Z. (2015). Understanding taxi service strategies from taxi GPS traces.IEEE Transactions on Intelligent Transportation Systems,16(1), 123-135.