Free Trade An Open Market Needs A Level Playing Field

Philip Hammond once said, â€Å"When I believe firmly in open markets and free trade, I also believe an open market needs a level playing field.† This would express the definition of free trade, the international trade left to its own course without tariffs, quotas, and other restrictions. However, this definition is a myth. Free trade is not as free as it is meant to be believed. Free trade extends to the relationship of Europe and the United States. With that being said, free trade has turned into a dependence upon the United States as Europe has no other source to turn to or gain necessary means for profit. So, the United States is able to abandon Europe, but Europe cannot lift the oppression of tariffs. By definition, the free market should be determined by supply and demand, and consumers than restrictions and interventions. This does not seem to be the case in the relationship between these two nations. Today, free trade agreement lends itself to the free movement of the superpower while Europe has limitations. This free trade is known as the Transatlantic Trade Investment Partnership. The United States and Europe trade is for the â€Å"mutual† benefit of job creation,economic growth, and international competitiveness. However, this trade agreement is only beneficial to one party, the United States. This law allows a foreign company who invests in a foreign country to sue the nation if the country makes changes to the agreement. Therefore, Europe will always be in debt to theShow MoreRelatedEssay about The Central American Free Trade Agreement1178 Words   |  5 PagesThe Central American Free Trade Agreement CAFTA is a proposed international free trade agreement between the United States and numerous countries within Central America. Some of the nations who could potentially participate in this treaty are Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. This proposed agreement stems primarily from the fact the United States relies on Central America as a primary export market. In fact, it is believed this area of world is Americas 18th largestRead MoreFree Trade And Its Effects On The Prosperity Of Countries1744 Words   |  7 Pagesover whether free trade has positive effects on the prosperity of countries or hinders the development of nations has been a major topic in international relations for centuries. 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 go ods for meeting various wants or needs. At the globalRead MoreGlobalization1305 Words   |  6 Pagesspread of communication and information technologies, and the impacts of free-market on local, regional and national economies. The golden words of late Dr. Mahbub ul Haq provides the true vision: Globalization is no longer an option, it is a fact. Developing countries have either to learn to manage it far more skilfully, or simply drown in the global cross currents. Theoretically, †¢ Globalization opens up markets and ensures competition; †¢ Removes inefficiencies and leading to greaterRead MoreEssay On Trading Account869 Words   |  4 PagesYou Need to Know Recently, the forex currency trading account has surfaced as an extremely strong option to equity and product trading. It includes gained an immense level of popularity as a substitute investment avenue which is in a roundabout way influenced by collateral/commodity price cycles. With that said, you must be aware that forex is incredibly volatile and proper training is required before you get started to control your own trading account for which you need to know how to open tradingRead MoreBushs Views On Obamas Presidency1664 Words   |  7 Pageswhich remains respected to this day is his free trade record. Throughout his tenure Bush was a staunch advocate of free market policies, often justifying his approach with American productivity. For instance in his 2006 State of the Union address Bush asserted that â€Å"with open markets and a level playing field, no one can out-produce or out-compete the American worker† (Bush, State of Union, 2006). This unmistakeably shows Bushâ €™s favouring of free trade policies over protectionism. This belief isRead MoreTrade Liberalization And Increased Transparency Essay1724 Words   |  7 Pages place institutions that support market liberalization and increased transparency. As argued by Drabek and Baccheta (2004), WTO membership eventually enhances good governance by upholding the rule law, contract enforcement and makes countries to have a strong judicial system. Other elements such as culture and group norms have fundamentally transformed how international organizations or governments shape their motivations and thus, the governing process is controlled by multiple entities with varyingRead MoreKey Provisions Of The Trans Pacific Partnership Agreement1656 Words   |  7 Pagescomplex and multi-faceted situation with cultural and bilingual challenges. Although not specifically stated, this endeavor is the U.S. government’s economical approach to controlling the expanding sphere of influence of China by leveling the playing field with many of China’s trading partners. â€Æ' Introduction This paper will look at U.S. objectives for the emerging Trans-Pacific Partnership (TPP) and explore the roadmap or game plan of how the President of the United States (POTUS) and his AdministrationRead MorePros and Cons of Free Trade1495 Words   |  6 PagesGeography: Pros and Cons of Free Trade Few can contend that the world is more interconnected and interrelated more than ever. This web of interdependency is primarily made possible by trade, and in the twenty-first century, a large and significant portion of trade is conducted on a global scale. Furthermore, while the majority of people agree that free trade can benefit both parties in terms of economic development and an increase in overall production, many critics have voiced their fears of theRead MoreExim Policy1616 Words   |  7 PagesForeign Trade Regime: Analytical Phases and Changes over Time †¢ India s Exim Policy : Phases of Changes †¢ Export Import Policy 2002-07 : Objectives †¢ General Provision Regarding Imports and Exports †¢ Promotional Measures †¢ Duty Exemption / Remission Scheme †¢ Export Promotion Capital Goods Scheme †¢ EOUs, EPZs, EHTPs, STPs †¢ Deemed Exports †¢ Summary †¢ Self-Assessment Questions †¢ Further Readings ïÆ'Ëœ INTRODUCTION :- Export-Import (EXIM) Policy alternatively known as Trade PolicyRead MoreGlobalization1491 Words   |  6 PagesGlobalization: A Review of the Literature Globalization, in the economic sense, refers to the cross border transactions of goods and services between different countries across the globe through the elimination of trade barriers. However, globalization is not limited to only its economic sense. There are also political and cultural meanings to the word as well. The cultural exchange that takes place along with globalization increases interdependence, integration

Ethics in Machiavellis The Prince Essay example - 1498 Words

Ethics in Machiavellis The Prince Niccolo Machiavelli (1469-1527) was an Italian statesman and political philosopher. He was employed on diplomatic missions as defence secretary of the Florentine republic, and was tortured when the Medici returned to power in 1512. When he retired from public life he wrote his most famous work, The Prince (1532), which describes the means by which a leader may gain and maintain power. The Prince has had a long and chequered history and the number of controversies that it has generated is indeed surprising. Almost every ideology has tried to appropriate it for itself - as a result everyone from Clement VII to Mussolini has laid claim to it. Yet there were times when it was terribly unpopular. Its†¦show more content†¦Let us get a few fundamental facts clear. Nowhere in The Prince or The Discourses does Machiavelli explicitly make morality or ethics his concern. Nor does he openly eschew it. Only one specific ethical system, the Christian ethic has no place in Machiavelli. That is easily inferred because from the very first pages a system based more on the power of arms than on Christian love is spoken of. Murder is condoned when necessary. Virtue and vice are not seen so much as black and white as interchangeable shades of grey. This does not however exclude the possibility of a separate ethical paradigm which Machiavelli might have thought of for his stat e. This is in accordance with Berlins suggestion of a pagan paradigm [8]. Morality per se, comes in only when The Prince deems it compatible with Necessitas and Fortuna [9].The separate ethical paradigm must therefore be one founded on political necessities. The Prince itself is avowedly political. Its object is the clear and concise statement of a foolproof political program for Italian princes. It begins by clearly classifying the types of principality, how one wins them and how to hold them. There is a very well-informed section on the war tactics prevalent in the peninsula together with Machiavellis own theories for improving these. And there is the unscrupulous advice, which gained the book so much infamy. But The Prince is not unique among Machiavellis books. The Discourses carry on the ideas found in TheShow MoreRelatedCompare And Contrast Socrates And Machiavelli1419 Words   |  6 Pagesregard to the concept of truth, Socrates would hate Machiavelli’s model prince due to Machiavelli’s manipulative view of truth. While Socrates desired a state that focuses on fundamental truth and ethical decisions, Machiavelli advocated a state led by a pragmatic, logical, and even cruel decision maker. The difference between the two theories is stark, not only would Socrates disagree with Machiavelli’s concept of a prince, he would view the prince with utter disdain due to his disregard for the truthRead MoreMachiavelli And Socrates1713 Words   |  7 PagesMachiavelli, this leader is known as the â€Å"Prince.† He believes that the Prince should be pragmatic in his actions, and act with the good of the state in mind or in other words, he believes in statecraft. He believed that the Prince should be someone with good foresight and does not act without recklessly. The Prince has to be willing to do what is necessary to preserve the state, even if violence is required. This attribute led to Machiavelli’s assertion of a Prince who does not restrict his actions withRead MoreThe Machiavelli s Political Philosophy1575 Words   |  7 PagesRevisiting Machiavelli’s Political Philosophy Precede It is fundamentally important to preface the discussion hosted in this essay by addressing ourselves to the most mundane question-why consider Machiavelli in the context of philosophy, least of all, political philosophy? This question dominates any philosophical inquiries of the Machiavelli’s political ideologies. Put differently, do the contributions by Niccolà ² Machiavelli to the various salient discourses in the Western thought, most notablyRead MoreMachiavelli and the Use of Antiquity in The Prince and The Discourses1838 Words   |  7 Pages Machiavelli and the Use of Antiquity in The Prince and The Discourses The Renaissance was a time of classical revival and a turning point from the Middle Ages to the Early Modern period in the course of history. Ancient texts and artifacts became sources of inspiration for intellectuals and artists alike, and the desire to emulate—or even surpass the achievements of the past prompted them to study antiquities closely and saw them as models and guidance. People were consciously distinguishingRead MoreThe Prince By Niccolo Machiavelli Analysis948 Words   |  4 PagesComposed nearly 500 years ago, Niccolo Machiavellis The Prince presents another perspective on the meaning of virtue. Machiavellis definition contended against the idea presented by the Catholic Church. Machiavelli did not force any opinions of his own, somewhat he composed from his experience and whatever theory that prompts activities which created successful results in the political scene of Italy and different nations. While Machiavelli continues to be scrutinized for his though ts, in allRead MoreSimilarities Between Socrates And Machiavelli1649 Words   |  7 Pagestimes. During times of war and unrest, it was a bold choice that both men made to stand up for their beliefs and speak out against the system. However, Socrates wouldn’t have agreed with Machiavelli’s means and concepts of the Prince and his ideas for how a political establishment should function. Machiavelli’s means may have been justified by his ends, but they completely go against what Socrates stood for in his time. Socrates and Machiavelli seem to have been incredibly different people. SocratesRead MoreSocrates And Machiavelli1681 Words   |  7 Pagespolitical system might then seem irresponsible, a presumptuous analysis not fitting for an academic recognizing the false equivalence between Socrates’ philosophy and Machiavelli’s political ethics. The strategy to conduct any sort of liable and valid analysis is not to wholly ignore the â€Å"political† part of the system but to evaluate the ethics behind the systems. The goal of this essay will be to compare and evaluate the Machiavellian ideological government, through the lens of Socratic philosophy. DespiteRead MoreSocrates Vs Machiavelli Essay875 Words   |  4 Pagespresumptuous analysis not fitting for an academic recognizing the false equivalence between Socrates’ philosophy and Machiavelli’s political ethics. The strategy to conduct any sort of liable and valid analysis is not to wholly ignore the â€Å"political† part of the system but to evaluate the ethics behind the systems. The goal of this essay will be to compare and evaluate the Machiavellian ideologicalRead MoreMachiavelli s Proposal Of The Prince Reflected Italy s Renaissance Era1646 Words   |  7 Pagesgovernments have yet to reach equilibrium of power and wealth. Needless to say, philosophers like Machiavelli and Socrates, who lived in dark times of political turbulence, aimed to find peace within their respective political atmospheres. Machiavelli’s proposal of the pri nce reflected Italy’s Renaissance era and drew upon the idea that a head of power would rule in accordance to certain beliefs and guidelines that would establish a government in which greater good of the people would be prioritized. MeanwhileRead MoreAnalysis Of Niccol Machiavellis The Prince931 Words   |  4 PagesThe extract is from Niccolà ² Machiavelli’s The Prince, a 16th-century political treatise that acts as an extended analysis, instructing a ruler on how to acquire and maintain political power. Presumably drafted in 1513, Machiavelli was a known humanist scholar, working as a diplomat in Florence. Upon the time of its publication, Machiavelli had been recently released from imprisonment, his writings therefore may have had an agenda of regaining favour from the ruling Medici family, or was a means of

Volcano Mount Vesusius Essay Example For Students

Volcano Mount Vesusius Essay Mount Vesuvius is a volcano located in southern Italy, near the bay of Naples and the city of Naples. It is the only active volcano on the European mainland. Vesuvius rises to a height of 1277 m (4190 ft). Vesuvio (Vesuvius) is probably the most famous volcano on earth, and is one of the most dangerous. Mount Vesuvius is a strato-volcano consisting of a volcanic cone (Gran Cono) that was built within a summit caldera (Mount Somma). The Somma-Vesuvius complex has formed over the last 25,000 years by means of a sequence of eruptions of variable explosiveness, ranging from the quiet lava outpourings that characterized much of the latest activity (for example from 1881 to 1899 and from 1926 to 1930) to the explosive Plinian eruptions, including the one that destroyed Pompeii and killed thousands of people in 79 A.D. At least seven Plinian eruptions have been identified in the eruptive history of Somma-Vesuvius (1). Each was preceded by a long period of stillness, which in the case of the 79 A.D. eruption lasted about 700 years. These eruptions were fed by viscous water-rich phonotitic to tephritic phonolitic magmas that appear to have differentiated in shallow crustal conditions. They are believed to have slowly filled a reservoir where differentiation was driven by compositional convection. A minimum depth of about 3 km was inferred for the top of the magmatic reservoir from mineral equilibria of metamorphic carbonate ejecta (2). Fluid inclusions (CO.sub.2 and H. sub.2O-CO.sub.2) in clinopyroxenes from cumulate and nodules indicate a trapping pressure of 1.0 to 2.5 kbar at about 1200 degreesC, suggesting that these minerals crystallized at depths of 4 to 10 km (3). The differentiated magma fraction was about 30% of the total magma in the reservoir, and a volume of about 2 to 3 km.sup.3 was inferred for the reservoir (4). The magma ascent to the surface occurred through a conduit of possibly 70 to 100 m in diameter (5). A thermal model predicts that such a reservoir should contain a core of partially molten magma (6) that can be detected by high-resolution seismic tomography. The earliest outcropping volcanic deposits date back to about 25,000 years ago. The lavas observed at a -1125 m bore-hole are about 0,3-0,5 million years old. It is known for the first eruption of which an eyewitness account is preserved, in 79 AD. Geologically, Vesuvio is unique for its unusual versatility. Its activity ranging from Hawaiian-style release of liquid lava, fountaining and lava lakes, over Strombolian and Vulcanian activity to violently explosive, plinian events that produce pyroclastic flows and surges. Vesuvius is a complex volcano. A complex volcano is an extensive assemblage of spatially, temporally, and genetically related major and minor volcanic centers with there associated lava flows and pyroclastic flows. Vesuvius has a long history. The oldest dated rock from the volcano is about 300,000 years old. It was collected from a well drilled near the volcano and was probably part of the Somma volcano. After Somma collapsed about 17,000 years ago, Vesuvius began to form. Four types of eruption have been documented: a) Plinian (AD 79, Pompeii type) events with widespread air fall and major pyroclastic surges and flows; b) sub-Plinian to Plinian, more moderately sized eruptions (AD 472, 1631) with heavy tephra falls around the volcano and pyroclastic flows and surges; c) small to medium-sized, Strombolian to Vulcanian eruptions (numerous events during the 1631-1944 cycle, such as 1906 and 1944) with local heavy tephra falls and major lava flows and small pyroclastic avalanches restricted to the active cone itself. The fourth type it is the smallest of all eruption types observed at Vesuvio. It is the persistent Strombolian to Hawaiian style eruption that characterizes almost all of an eruptive sub-cycle, such as was the case during the period 1913-1944. Activity of this kind is mainly restricted to the central crater where one or more intracrateral cones form, and to the sides of the cone. Lava flows from the summit crater or from the sub terminal vents extend beyond the cones base. A somewhat particular kind of persistent activity is the slow release of large amounts of lava from sub terminal fractures to form thick piles of lava with little lateral extension, such .

Issues of Two Tiered Salary Structures-Free-Samples for Students

Question: Create a report that summarizes the current status of two-tier plans and what we know about how they work. What direction we can expect from them in the future and how stakeholder concerns should be addressed. Answer: Introduction In short to define two tier wage system, it can be said that it is a specific type of the structure of the payroll where a group of employees get lesser salary than the other employees (Bridget M., and Ortiz 2015). The purpose of this report is to highlight how the workforce value propositions can be distinguished for the individuals who are getting paid at higher levels in two tier plans. Apart from that this report shades light on the possible challenges and shortcomings of this plan and along with it discusses regarding the latest events and reports regarding this topic. Maintaining a talented workforce Labor unions have a tendency to eradicate the two tier systems for the labors but in most cases in industries like automobile industry two tier systems are present in the market of America. In this system there are a lot of advantages and disadvantages, thus under this particular structure the managements can face a few problems in managing the workforce (DiPrete 2013). In this structure at times the labors who are comparatively new, work for a much lesser salary than the experienced individuals and they share the same amount of work load. In this structure naturally a disruption gets created among the new joiners and that is where the management has to work on in order to keep them motivated. In such conditions, the management has to take initiatives so that the workforce remains motivated and loyal towards the organization (Dinovitzer, Ronit, and Hagan 2013). To make it happen, the management can provide opportunities to the new joiners so that if they perform well they will be eli gible to get promotions rapidly. In order to make it happen, the management should take up more new policies in order to keep things within control. In this way the organization will be able to reach the financial targets they have made earlier. Challenges of this structure In America the two tier wage plan has become a burning issue for the labor unions and it is being held as a deep rooted issue in America. In this structure, individuals who have joined work recently get remuneration that is much lower than the salary withdrawn by the senior employees (DiPrete 2013). The main issue is that the new employees and the senior employees in most cases share same kind of work load and there rises the grievances. The managements of the organizations need to put in extra effort in order to keep harmony in the workforce. The two tier wage system has some advantages and disadvantages. If the employees work under a single tier wage system, they will be in peace, but there would not be any type of competitive nature among the workers. On the other hand, the employees under two tier wage system would always try to compete with the senior employees in order to get the same pay scale the senior employees are getting. Recent cases Recently regarding this issue there has been a lot of disruption among the workforce of reputed automobile manufacturer companies of America, where the labor union protested saying that they want equal distribution of wages in the workforce according to the posts in the organization (Bridget M., and Ortiz 2015). They claimed that the individuals who are posted in a same rank should get equal salary regardless of the seniority. In real time this is something that is not possible for the organizations, as they cannot provide equal remuneration to the individuals with no experience and to the individuals who have acquired experience in the field of work. There have been instances where the union leaders gave brief interviews regarding this topic. While giving the interview they claimed that this type of wage structure brings in inferiority complex as well as superiority complex among the workforce and that is not right. Conclusion Thus to conclude, it can be said that in any sector if the management follows a two tier salary structure then there might be a disruption amongst the workforce and it will be the duty of the management of that particular organization to find out ways in order to keep the employees motivated and content with their stay in the organization. It is seen how due to the disruption in the workforce ruined an organizations reputation to the ground. There are some instances where the organizations successfully maintained a content workforce along with maintaining a two tier salary structure within the organization. This depend highly on the efficiency of the management of the concerned organization. If the managers are competent enough to motivate the workforce then these issues do not have any lasting impact on the productivity. As this is a very sensitive issue, thus the organizations should put in extra effort to eradicate these issue. References Bordelon, Bridget M., and Maria Ortiz. "An exploratory study of the Destination Management Company (DMC): Building a profile." (2015). Dinovitzer, Ronit, and John Hagan. "Hierarchical structure and gender dissimilarity in American legal labor markets."Social Forces92.3 (2013): 929-955. DiPrete, Thomas A.The bureaucratic labor market: The case of the federal civil service. Springer Science Business Media, 2013. Gibson, John, David L. Anderson, and John Tressler. "Citations or Journal Quality: Which Is Rewarded More in the Academic Labor Market?."Economic Inquiry(2017). Vledder, Monique, et al. "Optimal supply chain structure for distributing essential drugs in low income countries: results from a randomized experiment." (2015). Ylijoki, Oili-Helena, and Jani Ursin. "High-flyers and underdogs: The polarisation of Finnish academic identities."Academic identities in higher education: The changing European landscape38 (2015): 187

Sales Report Hema Essay Example

Sales Report Hema Essay TABLE OF CONTENTS INTRODUCTION3 COMPANY ANALYSIS (external + internal + SWOT)4 INTERNAL EXTERNAL ANALYSIS4 HISTORY OF THE COMPANY4 HEMA’S STRUCTURE4 VISION OF THE COMPANY4 MISSION STATEMENT5 TARGET GROUP5 HEMA’S STRATEGY POSITIONING6 FINANCIAL POSITION COMPETITION7 PRODUCT-MARKET COMBINATION8 MARKETING MIX8 TRENDS IN RETAIL9 SWOT ANALYSIS10 STRENGHTHS:10 OPPORTUNITIES:11 THREATS:12 MARKET RESEARCH13 THE 7C’S OF EFFECTIVE WEBSITE DESIGN13 QUALITATIVE RESEARCH15 SALES PROPOSAL17 Executive Summary17 Our understanding17 YOUR COMPANY17 YOUR NEEDS17 DESCISION CRITERIA18 Our Solution19 FOOD SECTION CLEANLINESS IMPROVEMENT19 PRODUCT RESTOCKING19 Conclusion19 COST AND BENEFIT ANALYSIS20 REFERENCES23 MYSTERY SHOP REPORTS24 NATALIA ROJAS24 VICTORIA TORRES24 MAIKE BOUWER24 ANNA ZAJAC25 CELIA BAUMGARTNER26 ANOUK VAN NULAND26 INTRODUCTION In September 1926, the dream of  two Jewish entrepreneurs  Arthur Isaac and Leo Meyer  opened their first store on the Kalverstraat. The company became a part of the Maxeda group, which renamed from Vendex KBB. It owns Bijenkorf, Hunkemoller, VD, Praxis, Plan-it and Brico, Dixons and many other stores. In 2007 Maxeda sold HEMA to a British company called Lion Capital LPP. The company primarily focuses on leveraged buyout  investments in Europe. HEMA has expanded into other European countries, with stores in  the  Netherlands, Belgium, Germany, Luxembourg and France. In this report we made a sales analysis of the Hollandsche Eenheidsprijzen Maatschappij Amsterdam, HEMA. HEMA is a Dutch discount retail chain that is characterized by relative low pricing of standard housewares, which are mostly made by the chain itself in beautiful and innovative designs. We will write a custom essay sample on Sales Report Hema specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Sales Report Hema specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Sales Report Hema specifically for you FOR ONLY $16.38 $13.9/page Hire Writer HEMA offers a very wide variety of products, from books and housewares to food. HEMA is located all around the Netherlands, with in total 445 branches and thousands of employees by March 2011. We analyzed HEMA from different standpoints; we analyzed the housewares product section and also the food section. We visited in total 12 different stores all in different locations of the Netherlands from Amsterdam to Maastricht and we did qualitative research by analyzing the company’s external and internal environment. The goal of this report was to find out what HEMA can do to improve sales. COMPANY ANALYSIS (external + internal + SWOT) * INTERNAL EXTERNAL ANALYSIS HISTORY OF THE COMPANY HEMA is a company with long tradition. The first store was opened on Kalverstraat on 4th of November 1926. Two Jewish entrepreneurs, Arthur Isaac and Leo Mever who have witnessed the hardest economic crisis of that century, conceived the idea. They have seen a lot of people struggling and having difficulties to make ends meet so their concept was to create a shop with different household items of affordable price but still maintaining a high quality. Thanks to Alfred Goudsmit, the director of Amsterdam-based Bijenkorf, this dream became reality and Hollandsche Eenheidsprijzen Maatschappij Amsterdam (known better as HEMA) was set up. The formula was so successful that recently new stores were opened in Germany, Belgium, Luxembourg and France. Additionally, in 2007, HEMA was sold to a British company called Lion Capital LPP. * HEMA’S STRUCTURE HEMA’s structure has changed over the years, as two different groups have owned it, and each one of them had a different way of handling their operations. The Dutch company identifies itself as an adapter, because wherever they open a new store they try to fit into the new environment and implement products that are applicable for the target audience they are pursuing. Additionally, the CEO  and shareholders play an important role in all forms of decision making for the company’s processes and changes, being constantly informed of any new ventures being pursued. * VISION OF THE COMPANY HEMA has clearly stated that what drives them toward attaining goals is the need to adapt to what consumers really want, in this constantly changing environment. We are driven by our business goals in everything we do. Consumers’ needs are changing and we continually adapt to those needs†. Over the time HEMA has been developing its brands, and now have more products than what they had when they opened their very first store. MISSION STATEMENT According to official website, HEMA’s mission statement consists of the following: à ¢â‚¬Å"The HEMA style can be summarized in two words: ‘exceptional simplicity’, by which we mean that our products are both simple and exceptional. Long before the term ‘home brand’ was invented, we were creating and manufacturing our own products†. This concept should be applied not only to products they offer but also to services. HEMA’s mission is to turn day-to-day products into something exceptional and yet affordable. Another aspect is to recognize the continuously changing customers’ need and satisfy them. TARGET GROUP Originally, HEMAs market segment was mainly the middle-low class with its consequent medium range income. However, over the years HEMA has attracted more individuals with a higher income, due to the guaranteed quality their products offer at a very affordable price. HEMA states that its target group are men and women of all ages and socio-economic classes as everyone can find there something for himself. However, different surveys have shown that the majority of the audience  is mainly  between the ages of 14-32, identifying young  parents,  and students as part of this segment. Lately we can note HEMA’s tendency to focus more and more on younger customers by different promotion techniques and actions. For example, they recently made a contest for students that were studying any form of design, inviting them to create a new HEMA product with their own fresh ideas. In this digital age, all companies must be aware that if they truly want to succeed they must reach their target group through up-to-date methods. Therefore, HEMA reaches most of its customers through TV commercials, Internet, magazines and even direct mail. The most important of these, in this modern time and age, has to be its main website, which not only allows customers to shop online but also provides all the information necessary on current promotions and activities. HEMA’S STRATEGY ; POSITIONING As said above, HEMA’s aim is to make people’s life a little more convenient, independently of where they live. That is why the company is planning on expanding across Europe and probably also further. HEMA’s executives believe that the formula they offer is a good product and could go global. The company’s strategy is to captivate new trends and adapt to customers. To be so successful it is essential to have motivated and dedicated staff. To achieve it the relationship of trust and commitment must be created. That is why all decisions, which are being made, are based on belief that all employees are entitled to respect for dignity, individuality and diversity. The positioning of HEMA is based on the distinctiveness of its designs, which are done in-house by HEMA designers, and all the products at HEMA are HEMA branded (in most cases), which makes it stand out in the market by being immediately recognizable to customers. The competent price is another factor HEMA sells as a positioning point, although competition has made its low prices seem relative in comparison to all the other options now offered at the same price range or at even lower prices. HEMA often underlines its will to act with social responsibility. Thus, also the way of producing and delivering goods to customers is of high importance. The corporation uses a â€Å"naturally HEMA’’ approach to protect the environment. Whenever it is time to change the uniforms of their employees, they recycle and use them for something else, instead of throwing them into the garbage can. Moreover, in each one of their stores they practice a recycle culture and waste collection programs. FINANCIAL POSITION ; COMPETITION HEMA has been one of the most favourite Dutch stores in the Netherlands, and gradually is gaining hearts of other markets abroad. In the Dutch market, HEMA has 445 stores, in Belgium 62, Germany 8, Luxembourg 3 and France 7. In total HEMA has 10,000 employees, of which 80% are women and the remaining 20% are men. Currently the company is participating in a project called â€Å"return to sender†. However, it does not seek to make a profit by selling these products; it rather strives to support fair trade in third-world countries making sure that profits return to the manufacturers by means of development projects and education in the regions of origin. Hema achieved quite good results in the year 2011 especially if we take into consideration the challenging conditions. It had to face declining non-food retail spending, increasing competition, higher raw material prices as well as declining consumer confidence. Compared to 2010 (loss of 18. 3 â‚ ¬mln), net sales increased by 3%, and so did the net profit rising with â‚ ¬11 mln, mainly because of lower financing costs. According to the statements released by HEMA, the share in all categories improved. The company continues on investing, in 2011 spending â‚ ¬57 mln (amount comparable to 2010). However, the profit margin suffered (0. 5% lower in comparison to 2010) due to increase in price of oil, coffee and cotton. Total capital after the acquisition by Lion Capital is estimated on â‚ ¬1. 4 billion, of which 35. 4% is financed by shareholders. As far as competitors go, HEMA has found its largest competition against Jumbo Groep Holding B. V and Koninklijke Ahold B. V. , which comprises itself of Albert Heijn, Etos, and Gall ; Ga. , among others. Additionally, other competitors in retail include Kruidvat, D;A, and Zeeman. PRODUCT-MARKET COMBINATION Hereby is sum up of the best and the worst of HEMAs products, according to each box/category of the matrix: STARS-â€Å"Le Lapin† tea kettle| QUESTION MARKS-HEMA Beauty| CASH COWS-Sausage (worst)| DOGS-| MARKETING MIX Price Based on an overview of the online website, www. hema. nl, the price of products ranges from as little as . 50 to as much as 250 euros, specifically for the bicycles. However, most products range under the 20 euros or less mark, especially when it comes to its office supplies, cosmetics, beauty products, and foods beverages. They also use many discounted product prices to boost sales. Product The products offered at HEMA are of a great and wide variety, and are divided into clothing, accessories, cosmetics, skincare products, office/school supplies, domestic appliances, home items, textiles (curtains, duvets, etc. ), food beverages, and finally, its photo printing service, exclusive to only some HEMA stores. According to the principles of its product mix, the products themselves are not necessarily all consistent with each other, as their diversity is large. The depth of some of the products is also not as varied, though HEMA tries to have in most cases at least two different variations, mostly in price range/quality or color presentation, of the same product. Promotion HEMA is avid in its promotion of products, especially those that are discounted from week to week and new to the store. They use, as mentioned above, TV advertisements, billboards, employ the use of social media such as Facebook, Twitter, Youtube, Google+ and Pinterest, and as well as Internet advertising through their online website. Place HEMA products are sold at HEMA stores and online at www. hema. nl. There are several variations of a HEMA store, ranging from very large warehouse style to small outlets in train stations and airports. Also, specialized stores are popping up recently, such as HEMA Foto’s, HEMA Beauty, and a HEMA with only its ready-made food, in a similar â€Å"to go† style as its competitor Albert Heijn. The products are sold directly, passing on from HEMAs own suppliers in Hong Kong and Shanghai to the stores for selling. TRENDS IN RETAIL For 2012, several trends were present in the retail business in general. Firstly, the investment in mobile applications and services has increased enormously over the past year. Customers are now able to find store locations, prices, customer reviews and eventually order said products all through their mobile phone. With the continued modernity of cellphones, it is no doubt this trend will keep on climbing and showing its importance in the retail business. Another trend this year has been the stagnant sales due to the low economy in recent times. Customers are spending more on necessary products rather than retail, and it is of great importance for retail companies to find a way to demonstrate the added value and worthiness of the product they are selling, as well as placing it in a competitive price range. Additionally, globalization has taken over the world and influenced greatly on retail. More and more retail companies are encouraged to expand themselves abroad, giving them the competitive edge they need to succeed. Lastly, another trend related retail is that economic times and high prices are forcing stores to become more compact, which has actually been well received by customers, who do not wish to wander in a thousand square meters to get the one product they need. SWOT ANALYSIS * STRENGHTHS: Dutch citizens have been acquainted with HEMA since 1926, which means that a large quantity of the population is attached to their brand. They have one of the most important  advantages that a company can have: loyal customers. * HEMA can be proud of its customer-oriented and committed staff, people who do their best every day achieving at the same time high customer satisfaction. * Contrarily to majority of retailers, HEMA sells its own original brand. The company has its own design dep artment, where highly educated employees come up with new ideas and improved products. What is more, HEMA involves its customers, among them, young talented design students who are given chance to participate in new-product creation. * Own laboratory where all the products are being strictly tested before arriving on store shelves. * Highly creative marketing team often coming up with interesting actions and promotions attracting new customers and retaining the old ones. * Good advertising and multi channel communication with customers. HEMA broadcasts its own TV commercials, distributes leaflets, sends e-mails, newsletters and of course has a well organized website where web shopping is available 24h/24. Ability to track new tendencies and adapt them in a short period; introduction of innovative fashion or an incorporation of a cafe/restaurant into stores is one of many examples. * HEMA takes into consideration the environment during production and logistics processes. It strives to reduce amount of energy used for transportation as well as production, limits packagin g to minimum, takes care of material used and the possibility of their recycling. * Offers a great diversity of household products at quite affordable prices. * Great attention toward a customer and putting his satisfaction first. Thus, each customer that is not satisfied with service provided can claim for refund. * HEMA stores expand with a high rapidity, even monthly. * Demonstrated support for various initiatives such as FAIR TRADE, Return to Sender etc. WEAKNESSES: Although HEMA claims to produce its products in an ecofriendly manner, still a considerable number of products are made of hardly recyclable material. This aspect should be reviewed by HEMA departments and new solutions should be implemented and comply fully to company’s mission of social responsibility. Based on the market research made, HEMA product quality is not the highest in most cases, especially if comparing it to other products with the same price tag. HEMA is currently in the process of suffering from the so-called â€Å"commodity trap†, in which its fellow competitors are selling the same comparable products HEMA does, at lower prices. In reference to our surveys, the cleanliness and neatness of the HEMA stores can b e improved upon, as well as a better control of restocking products that are being sold. HEMA’s great range of products, though a great strength, is also a great weakness, as the management of all these products can become overpowering, and the previously mentioned quality and cleanliness control become more difficult to handle. * OPPORTUNITIES: Its current owner, the London-based private equity firm Lion Capital, has been trying to sell the company since 2011, but there are still plans to, in a year or so, retry its selling proposal. The main stakeholder in this would be Royal Ahold NV, who currently is the owner of the biggest chain of supermarkets in the Netherlands, Albert Heijn, amongst other investments. Pairing up AH and HEMA to sell their products together could prove itself as an incredibly profitable business synergy of brands. -As mentioned before in the retail trends, HEMA could take advantage of the recent mobile phone apps boost, and include an app version of their online store for mobile users to buy the products directly on the go. They already offer their HEMA Photos services online, but could work more on this growing trend to improve sales. -Even though HEMA has a claim on the Corporate Social Responsibility as a company, they could move even further with their actions by actively timulating sustainability amongst their suppliers. Not only does this actively pursue good, it provides a new selling point for customers who believe in sustainability as an added value to a product purchase. Sustainability in companies itself is a growing trend, considering all the education new generations have had over global warming and the threat of the carbon footprint. * THREATS: With t he recent economic crisis in 2012 with the European Union and the budget cuts, retailers in general in the Netherlands, with HEMA included, are suffering from these cuts. The Dutch government will boost the highest value added on consumer goods to 21% from 19% before the austerity measures were in place. This will affect most businesses who handle goods that are not foods or beverages, and even though HEMA does have a part of its business focused on that, it is mostly a mixed retailer. Dutch consumer confidence has hit an all-time low since 2003, notably dropping 1. 3% in February 2012. Due once again to the austerity, Dutch households are facing stagnant salaries with higher retail prices, which means the consumer spending will be reduced. As mentioned before in the opportunities, its current owner, Lion Capital, has been trying to sell the company since 2011 but has so far been unsuccessful to reach its desired 1. 5 billion euro asking price. There are still plans to, in a year or so, retry its selling proposal, which would provide instability within HEMA due to the change of ownership. Of course, it can not be determined whether this change will be beneficial or not, but it most certainly would be an adjustment to the company, and sales might suffer from it. MARKET RESEARCH This section consists of an extensive and thorough market research analysis of HEMA, a multinational retail chain that caters several products in different areas of Europe. The report begins an explanation of its target group. Consequently, there is an analysis of the 7 C’s of web, and a final conclusion is provided. The overall objective is to obtain a full understanding on the views, and behaviors from HEMA’S customers, and how these influence within their purchasing decisions. TARGET GROUP Originally, HEMAs market segment was mainly the middle-low class with its consequent medium range income. However, over the years HEMA has attracted more individuals with a higher income, due to the guaranteed quality their products offer at a very affordable price. The audience  is mainly  between the ages of 14-32, identifying young  parents,  and students as part of this segment. HEMA is focusing more and more on younger customers by different promotion techniques and actions. For example, they recently made a contest for students that were studying any form of design, inviting them to create a new HEMA product with their own fresh ideas. Moreover, they are also reaching youngsters through their parents, personalizing their own product is a key advantage to them. In this digital age all companies must be aware that if they truly want to succeed they must reach their target group through up-to-date methods. Therefore, HEMA reaches most of its customers through TV commercials, Internet, magazines and even direct mail. The most important of these, in this modern time and age, has to be its main website, which not only allows customers to shop online but also provides all the information necessary on current promotions and activities being organized. THE 7C’S OF EFFECTIVE WEBSITE DESIGN In order to look into the 7 C’ S, a required observation of HEMAs main website (http://www. hema. nl) was necessary to regard how each one the forms of effective design were implemented. Context- The sites layout and design is dynamic, very colorful and appealing to the senses, making it an effective tool for marketing. Conte nt- Varied is the most proper way to describe their content. Community- HEMA allows customers to interact with each other by participating in contests, activities and promotions, as well as allowing them to voice their suggestions and complaints. Customization-Since customers can subscribe themselves and create themselves an account, it is possible to have their own customized web page, because the web site will display their most recent purchases and tailor itself automatically each single time. Communication-Their web page uses a two-way communication Connection-The site is linked to other web pages, such as YouTube, Twitter and Facebook. This enables the user to check HEMA’s account in these 3 web sites and to show their most recent acquisitions by uploading pictures of the items. It creates a special bond between the customer and the corporate. Commerce- When there is a purchase of items, the options on payment are several, and allowing the customer to decide what is his or her best option. In acknowledgement of the before stated reasons, HEMA does make a full use of the 7 cs. QUANTITATIVE RESEARCH SURVEY ANALYSIS The questionnaire will probe the following 9 questions: 1-Do you ever shop at HEMA? 2-If yes, how often? 3-Do you like HEMA, neither like it nor dislike it, or dislike it? 4-How clean are HEMA stores? 5-Compared to its competitors are HEMA’S prices more reasonable, less reasonable or about the same. -In terms of quality, how good are HEMA’S products 7-Description of HEMA in 3 words 8-On a scale from 1-10, which overall grade would you give HEMA 9-In a maximum of 3 words, please tell us on what you would like HEMA to improve After a survey collection and thorough analysis took place, the results were the following: 1-Do you ever shop at HEMA? 95. 2% of the people interviewed admitted to have ever shop ped at HEMA. 4. 8% had never shopped at HEMA before. 2-If yes, how often? From the 95. 2% whom claimed to have ever shopped at HEMA, had 94. % purchase goods at the store once a week, the remaining 5. 6% went to the store at least 3 times a week. 3-Do you like HEMA, neutral, or dislike it? 19% of the interviewees likes HEMA a great deal, 47. 6% like it a moderate amount, 14. 3% like it a little, 19% are neutral 4-How clean are HEMA stores? 19% believe the stores are clean, 61. 9% say they are moderately clean, 14. 3% state that it is slightly clean, and 4. 8% think it is not clean at all. 5-Compared to its competitors are HEMA’S prices more reasonable, less reasonable or about the same? 47. 6% believes the prices are reasonable, and a 52. % that they are less reasonable than the ones of the competitors. 6-In terms of quality, how good are HEMA’S products *90. 5% said the product quality was good, a 9. 5% said they were awful. * QUALITATIVE RESEARCH For the qualitative research, we went on a field trip to several HEMA’s to get a few in depth interviews with their customers. At the quantitative research, we mostly ask fixed answer questions to get structured answers and get clear statistics from it. The qualitative is quite the contrary, we ask open question thus not trying to persuade the customers by giving them several options as answers. We asked the following questions that are relative to the marketing research: 1. What are your experiences when shopping at HEMA? The majority of the interviewees were more than positive about their experiences. Not one had a negative experience at one of the HEMA’s. One claimed that they even have everything in the little HEMA’s in the small villages outside of the big city: â€Å"It is unbelievable (and quite scary) how accurate they know us, costumer! † Another costumer: â€Å"The employees are always friendly and helpful, even though they cannot satisfy our needs as costumers. † 2. How would you describe the quality of the products? Here again, the majority is very satisfied about the quality of the products. â€Å"The price/quality ratio is fairly good. I know what to expect from the products. Let’s take a their china for example, I know their bowls won’t last a lifetime. If I want bowls that last a lifetime I will shop at Georg Jensen. This way I can change my china more often and get a fresh new look in the kitchen. † All the interviewees were satisfied with the products bought, though most of them take inconsideration that the products are not the best on the market. 3. What is your opinion about the tidy/cleanness of the stores? Positive feedback: â€Å"The stores look clean†, â€Å"Well organized†, â€Å"Good structure of the placement of the products† Negative feedback: â€Å"Too many products cramped into too little space†, â€Å"Quite mess at the sales shelves†, â€Å"The floors are dusty, though this problem appears in most shops†. The opinions on this question are fairly divided. The bigger shops seemed to have more negative feedback, due to its large variety of products. The overview was lost and the employers were having troubles keeping the shelves organized and the store clean. Response Summary Criteria-8 people were individually interviewed for more in-depth findings, and 40 answered a survey. SALES PROPOSAL * Executive Summary For HEMA a Dutch discount retail chain, which is characterized by relative low pricing products mainly made by the company itself, the customer’s opinion and view about the company is the most important. Time by time, the company has been including new products and ideas to the company trying to make it more attractive to buyers, and then is when the food section came to HEMA becoming its pride with products such as â€Å"rook worst’, Tompouces and pies. However, after having done some research in different locations of HEMA, we found out that even though customers like the food of HEMA, most of them think that the cleanliness of the food section is not positive. Another fact is that since HEMA is characterized by having all kind of self developed articles concentrated on daily necessities, people like to go there whenever they need something especially â€Å"urgent†. According to our research, it happens often that products are not being restocked frequently. This leaves the client with a sense of emptiness after having travelled the whole store in search of that needed product. Our understanding YOUR COMPANY HEMA is a company that makes life fun and easy in an inexpensive way. In HEMA you will find the remarkable combination of â€Å"only the best items for everyday life, with its own especial design, for surprisingly low prices† and with a staff that is always ready to help you with pride, commitment and with love fo r their company. YOUR NEEDS HEMA is a store where customers go mostly when they need to find something in particular, for example house ware products, school accessories or to have the 1euro breakfast. Customer who go to HEMA, mostly know what they are looking for and what they can find at HEMA. Therefore, HEMA needs to be always prepared to receive these customers, by knowing and having in advance what they are looking for. HEMA needs to create an especial importance to restocking of products. Since most HEMA’s is a large store, where you mostly spend more time than in a particular store, clients do not like to go there, looking for something they know HEMA provides and not finding it because of restocking issues. Makeup, stationery, and house ware tools are some of the sections that have to be always filled. HEMA has a rather small food section, however it is famous for the good taste and low price of their products. The 1euro breakfast, the famous worst and the pastry attract fixed buyers day by day to the store. However, after our research we found out that clients were not especially happy with the cleanliness of this section. Most of the time workers who receive money are the same ones that fixed or deliver the food, this without changing or wearing hand gloves. There must be in HEMA a clear differentiation between the person who is handling the cash and that who is touching the food. In the case that this is the same person there should be a imminent use of hand gloves for each of those actions. Prioritized list of needs: More frequently restocking of HEMA products. * Improvement of cleanliness in the food section. DESCISION CRITERIA Key Decision Criteria| Importance(High, Med, Low)| 1. Product Restocking| Med| 2. Food Section Cleanliness Improvement| High | * Our Solution FOOD SECTION CLEANLINESS IMPROVEMENT * For the food section the solution is the implementation of gloves for all employe es; enough gloves to be changed after a certain amount of time. Another solution is the distinction of the person working at the register and the person handling and preparing the food. There should not be one person who can use cash and prepare food at the same time. If necessary and for the variation there could be shifts so the employees can also perform different activities, however for one employee the shift should not chance more than once daily. Example: Natalia receives payments from 9 to 12 and then from 12 to 5 she prepares food. PRODUCT RESTOCKING * For the restocking problem, there could be more frequently revisions of the products that need to be restocked, maybe once a week. Then the making of a product criterion should be made, recognizing which products are the most sold and therefore have to be always available. After the identification of those products, there should be made an agreement that within certain time (for example 2 weeks) those products will be delivered to the store, regardless of the already in store stock of that product. * Conclusion Our group chose HEMA as company for the importance of the store to the Dutch market. HEMA is a story with many years of experience and long trajectory in the market where customers go to purchase good quality products, with personal and innovative designs all for average low prices. Even though we did not find almost any negative points of the company and we were very leased with many aspects of HEMA such as the employees treatment towards customers or the large scale of products they offer, we all agreed on the fact

All About Hardie Board and Fiber Cement Siding

All About Hardie Board and Fiber Cement Siding Hardie Board is fiber cement siding manufactured by James Hardie Building Products, one of the first successful manufacturers of this material. Two of their most popular products are HardiePlank ® (horizontal lap siding, 0.312 inches thick) and HardiePanel ® (vertical siding, 0.312 inches thick). The fiber cement siding is made from Portland cement mixed with ground sand, cellulose fiber, and other additives. The product is also known as cement-fiber siding, concrete siding, and fiber cement cladding. Fiber cement siding can resemble stucco, wood clapboards, or cedar shingles (e.g., HardieShingle ® 0.25 inches thick), depending on how the panels are textured during the manufacturing process. Pulverized sand, cement, and wood pulp are mixed with water to make a slurry, which is rolled out and pressed together into sheets. The water is squeezed out, a pattern is pressed onto the surface, and the sheets are cut into boards. The product is baked in autoclaves under high-pressure steam, and then the individual boards are jostled apart, tested for strength, and painted. It may look like wood, but the boards are much heavier with properties associated more with cement than wood. The wood fiber is added to give the board flexibility so it doesnt crack. The material is more durable than most woods and stucco and resists insects and rot. It is also fire resistant, which explains its early popularity in Australia, an arid land plagued by wildfires throughout the bush. Fiber cement siding has become popular, because it requires little maintenance, will not melt, is non-combustible, and can have a natural, wood-like appearance. However, many people say it is much more difficult for a nonprofessional to install than other siding. Remember, when youre cutting it that its really cement, with the associated hardness and dust to prove it. Hardie Board should not be confused with hardboard, which is dense, pressed particleboard made from wood. Common misspellings include hardiboard, hardyboard, hardyplank, hardypanel, HardiPlank, and HardiPanel. Knowing the manufacturers name will help with accurate spelling. James Hardie Industries PLC is headquartered in Ireland. Expense Comparisons Although more expensive than vinyl, fiber cement siding is considerably less expensive than wood. Fiber cement board is generally less expensive than cedarwood, more expensive than vinyl, and less expensive than brick. It is equal or less expensive than composite siding and less expensive than synthetic stucco. As with any construction project, the materials are but one aspect of the expense. Installing fiber cement board incorrectly can be a priceless mistake. About James Hardie James Hardie Building Products has long been associated with Australia, ever since the Scottish-born son of master tanner Alexander Hardie emigrated there in the late 19th century. James Hardie became an importer of tannery chemicals and equipment until he came upon a new fire-resistant product being manufactured by the French Fibro-Ciment Co. The construction product became so popular so quickly that even the misspelled name Hardi Board became somewhat generic, like Kleenex means facial tissues and Bilco means any steel cellar doorway. HardieBoard has come to mean any fiber cement siding by any number of suppliers. The success of the  fibro-cement sheeting imported by Hardie allowed him to sell his company and his own name. Hardie Fibrolite Fibrolite is synonymous with asbestos in places like New Zealand and Australia. Asbestos cement sheets became popular in the 1950s as an alternative building material to wood and brick. Hardie manufactured a cement-asbestos product in Australia beginning in the early 20th century. The James Hardie company continues to settle claims with employees and customers who have been subject to asbestos-related cancers presumably from working closely with the building product. Since 1987, Hardie products have not contained asbestos; the fiber replacement is organic wood pulp. James Hardie building products installed before 1985 may contain asbestos. Fiber Cement Building Products James Hardie Building Products is a company that specializes in fiber cement building materials and has come to dominate the market, yet other providers carry products similar to Hardie Boards. For example, allura USA bought CertainTeed Corporation and also merged its manufacturing with Maxitile in order to be competitive. American Fiber Cement Corporation (AFCC) distributes in Europe under the name Cembrit. Nichiha has a formula that uses less silica and more fly ash. Wonderboard ® by Custom Building Products is a product similar to HardieBacker, ® a cement-based underlayment. Fiber cement cladding has a history of expanding, shrinking, and cracking. James Hardie has addressed these issues with the HardieZone ® system. In the U.S. a different formula is used to make siding for homes in the north subject to freezing temperatures as opposed to siding for homes in the south, subject to hot, wet climates. Many residential contractors cannot be convinced that cement siding is even worth changing their building processes. Next Generation Concrete Cladding Architects are using Ultra-High-Performance Concrete (UHPC), a very expensive, cement-based product for commercial cladding. Popularly known by their fabricators, such as Lafarges Ductal ® and TAKTL and Envel with Ductal, UHPC is a complex recipe that includes metal fibers of steel in the mix, making the product super strong but thin and shapeable. Its durability exceeds other cement mixtures, and its not subject to some of the fiber cement hazards such as expanding and shrinking. Building on UHPC, the next generation of composite technology is DUCON ® Micro-Reinforced Concrete Systems; stronger, thinner, and even more durable for structures in an age of terrorism and weather extremes. Concrete homes have long been considered a solution to building in climates of extremes. Like most new products for the homeowner, look to what architects are using to eventually be the product of choice, as long as you can find a contractor who keeps up with the skills and necessary equipment to install it. Sources Recent Updates at linkedin.com/company/james-hardie-building-products, LinkedIn [accessed June 8, 2015]Frequently Asked Questions, Our Company, and Performance Durability, James Hardie Building Products Inc. [accessed June 8, 2015; February 11, 2018]Case study: James Hardie and asbestos, lawgovpol.com [accessed June 8, 2015]Australian Dictionary of Biography, http://adb.anu.edu.au/biography/hardie-james-jim-12963 [accessed February 12, 2018]

Economic analysis of Germany Research Paper Example | Topics and Well Written Essays - 1750 words

Economic analysis of Germany - Research Paper Example A weaker country might have crumble amidst these economic and political pressures. But this is not the case. This paper will examine the reasons behind Germany’s outstanding economic performance despite the odds. Particularly, the claim that its highly skilled labor force is a main driver of the countrys spectacular growth will be explored. In addition to this, this paper will also explore the claim that its record as an innovator contributes to the strength of its economy. The body of literature recognizes the age of industrialization as the foundation of the character of the German economy. Prior to the 1850s, Germany was years behind Britain and France in terms of industrial development. But the Germans were quick to catch up. After 50 years, in 1900s, the country reached the status of Britain and the United States as global industrial leader. The poor German economic performance before the 1850s is attributed to the institutional restrictions. The social and bureaucratic structures became the impediment to the recognized drivers of economic growth such as entrepreneurship. During this period, German economic policy networks are dominated by landed elites, the church and traditionalist government regimes. The numerous rules and limitations imposed by these dominant economic forces stifled the development of important economic sectors. The economic breakthrough that finally enabled Germany to catch up to Britain was globalization. German industries were kept afloat its textile mills, which flourished after the tariff barriers were removed sometime in 1830s. This is further supported by the development of the railroad, which finally enabled German industries to diversify as more markets became accessible. This development ushered in an era of engineers, architects, and machinists; of a skilled labor force, which emerge with the increase