The Current And Future Prospect Of Accor Hotels Tourism Essay

The Current And Future Prospect Of Accor Hotels Tourism Essay This proposal is to put into action and find new instructions of business by using over the last three years economic and profitable performance to characterize the answers. The suggestion seeks different essentials of business performance, such as: marketing development; Crisis management; and Functional level strategy of Accor Hotels to categorize the results. The outcome shows with the purpose of Accor Hotels are performing well in the past three years company performance. But still, there are a number of improvements are necessary in industry growth. Crisis Management needs to be compulsory that can helps the organisation to perform more effectively. Analysing the Past trends and issues that causes the crisis related to the organization and businesses are able to stop, manage, or moderate the belongings of crises in the future. Accor have opportunity to develop the business by geographical extension around the world. Market development strategy focusing in particularly at Asian and pacific region that has future development like constructing Accor brands like Suite Hotel and Motel6. That gives strength and also helps to geographical extension of the company in order to attain the customer satisfaction and brand image. Accor should have functional level strategy in human resource management that are rewarding and motivating the employees, customers and reselling by various methods like Gift vouchers, prepaid cards, rewards to enhance the relationships with the customers and employees. Contents Executive Summary: 2 1. Introduction: 4 2. Background of Accor hotels: 4 3. Future Strategy for Accor: 6 3.1 Crisis Management: 6 3.2 Market development: 8 By analyzing the (Table 3) Asian pacific region have a huge growth in Travel and Tourism between 2008- 2018. Where constructing and building of Suite hotel and Motel 6 of Accor brands in Asian and pacific region. Focusing on new customers with the same product and service but in different geographical areas is the Market development. However China and India are the emerging market building more suite hotel and motel 6 for the customers. So, Market development strategy for Accor hotels to develop the geographical extension around the globe. 10 3.3 Functional level Strategy: (Human Resource Management (HRM)) 10 4. Conclusion: 10 5. Reference 11 6. Appendix A 14 Introduction: This report is about the Strategic of Accor Hotels past, current and future prospect. Section one evaluates the background of the Accor hotels in their past three years strategies between 2007-2009.Section two, it will be the future strategies that will consider the Internal and external Issues and trends on the hotel with SWOT analysis. Finally, it concludes and summaries the whole report. Background of Accor hotels: Around the world Accor is one of the foremost hotel operator in the world (Accor, 2008a), European organizer in hotels and tourism and the global organizer in Services to business customers and communal organization, Accor works in nearly  100 nation  with extra than  150,000 employees (Accor, 2008a). Past 40 years, it has offer consumers with knowledge get in its two center businesses, Hotels and Service (Accor, 2008a). Hotels: Hotels has a geographically and structurally reasonable business portfolio. Hotel action contains further than  15 corresponding product from comfort to wealth that are recognized and respected around the world for their service value (Accor, 2008a). Accor offers various luxury hotels brands like see Appendix A. Many lodging companies have developed many brands to give out multiple market segments (Jing, Dev, and Rao 2002). Service: It operates over  40 nations; Accor Services plans, expand and handle elevated value-added services for corporation (Accor, 2008a). Accor Services propose  a entire choice of prepaid services  in the region of  worker and community benefits (Accor, 2008a). Accor hotels past and current strategies were evaluated with annual reports of the company and message given by Chief Executive Officer (CEO) of Accor Hotels. In 2006, Accor hotels have increased the number of rooms and available nearly double in 2010. The expansion model of 40,000 rooms per year focuses on organization contracts and franchise Accor (2010a).Accor has preferred  four drivers to distribute the 40,000 new rooms per year by Expanding in Western Europe in Eco and Budget, and by franchise it increase the market share in established markets, Strengthen the location in rising countries, Management networking to expand the upmarket and luxury Accor (2010a). Accor has changed its strategy to focus more on increasing the business through franchising and organization contracts and less on construction of new hotels (Walsh, 2003). Figure 1 Expansions and investment of Accor hotels around the globe. Source: Accor (2010a) The word strategy refers to the wide direction, or holistic point of view, taken by an organization to plan for and make safe its long period goals (Marginson, 1988). Accor introduced acquisition of Motivano software in functional level Strategy of Human resource management (HRM) in the technological developments, which enables online management of employee benefits (Accor 2008b). Rewards and motivation for the employees, Customers and reselling by various methods like Gift vouchers, prepaid cards, Rewards to enhance the relationships with the customers and employees (Accor, 2009a). Kotler (2003) says that it is significant to make an excellent link among customers; and the suppliers in order to develop the issue of consumer faithfulness. Accor have product development for their customers relationship towards the organisation by having a multi brand A| Club loyalty program across the worldwide (Accor 2008b). An expansion method Accor service makes stronger its faculty for technical m odernism with the gaining of Prepay Technologies Ltd. The achievement of Prepay Technologies makes stronger for Accor Services management and expands its collection of stuff and services in the UK (Accor, 2007b). Accor focus strategy on French Polynesia for leisure travelers. It presents visitors the possibility to treat individuals with the crucial in leisure and luxury at three of its limited resorts in French Polynesia. Accor hotels are focusing particularly on the Le Spa at Sofitel, Sofitel Bora Bora Beach Resort and Sofitel Motu Bora Bora, a private island in French Polynesia (PR Log, 2007). Divertiture Strategy says that Selling a division or part of an organization (David, 2009). During 2007 Accor sold out 30 hotel properties in the United Kingdom for à ¢Ã¢â‚¬Å¡Ã‚ ¬711 million (Accor, 2007a). Because due to economic crisis and loss (Accor, 2007b). In product development Accor service start on UUB Premium card in the United Kingdom and the Commuter Check card in the United States (Accor 2008b). That helps to hold the customers and employees within the organisation. Accor Hospitality is to promote all its brands, collectively. That has various ranges of Facilities and low prices. That i nitially target business travelers and leisure break customers (Marketing magazine, 2009). Accor Hotels had a Net Loss of à ¢Ã¢â‚¬Å¡Ã‚ ¬282 million due to the economic crisis and restructure costs totalling à ¢Ã¢â‚¬Å¡Ã‚ ¬514 million (Accor, 2010). Future Strategy for Accor: 3.1 Crisis Management: A crisis is the perception of an unpredictable event that threatens important expectancies of stake holders and can seriously impact on organizations performance and generate negative outcomes Coombs (2007: 2-3). Meyers (1986) categorized disaster into main belongings on community perceptions, product failures, sudden changes in the marketplace and changes in top administration. Meyers as well argue that crises can be caused by troubles with financing, business relations, take-overs, global events and changes in rules and policy. For example, following the 9/11 attacks, most of the political and media debate on terrorism has decided on avoidance policies (Kahn and Weiner, 2002). Economic impact of 9/11 is sensibly incalculable; though the global travel and tourism council has approximate reduce of the travel and tourism demand worldwide to be 10%. This compare to the jobs loss of 8.8 million people worldwide including airlines, hotels and tour operators, generate a 1.7% decline of wh ole GDP for the global wealth. They were two different viewpoints about concerning crisis management. One group of Researchers (e.g., Perrow 1984; Gephart 1984) argued that crises are repeated and not avoidable; whereas others (e.g., Mitroff, Pearson, and Harrigan 1996; Roberts 1990) contended that in attendance are conduct through which association can stop, run, or moderate the belongings of crises. Accor, which function the Sofitel, Ibis and Novotel brands in the UK, said it will cut 10% of its staff at its French head offices as it seem to make a 15% decrease in maintain costs due to the crash of the unprecedented worldwide crisis (Sharkey,2009). But Parsons (1996) put forward three categories of crises: 1. Immediate crises: Everywhere small or negative caution survives hence organizations are not capable to examine the crisis or arrange a preparation ahead of the problem or disaster strikes. 2. Emerging crises: These crises are identified and possibly it can be blocked or restricted through business act. 3. Sustained crises: This possibly will carry on for weeks, months or still for longer duration. The Bali terror operations in 2002 probably lost Indonesia half a million Visitors and $4.0 billion in revenue.  And also in Jakarta hotels bombed in 17 July 2009 (Telegraph, 2009). Hotels in Indonesia have been bombed which leads to afraid tourists will go to some other nation now, and hotels will have to expend a buttload more money on security to try to calm those panicky travellers down (Telegraph, 2009). In Mumbai, terrorist attacks train situation, a hospital, a cafà © and two hotels locations used by foreigners as well as local businessmen and leaders (BBC News 2008). It results in Negative travel advisories on India around various countries. According to the Federation of Hotels and Restaurant Association of India Booking by overseas travellers mainly from U.S and Europe comes down by 40% to 60% (Singh, 2008). According to Kash and Darling (1998) crisis prevention and planning can be managed by the following tools, strategic forecasting, contingency planning, issues analysis, scenario analysis. This prevention and planning are helpful to manage the crisis that affects the organization. According to Mitroff crisis can be prevented, manage, or moderate t he effects of crises in the organization will helpful for the future crisis to be prevented. Accor should provided security to their visitors is unavailable very seriously, Sofitel Brussels Europe is endowed with a video recorder observation system communicate by 60 cameras and magnetic keys guarantee secure access to the hotel floors (Accor, 2010c). The Crisis Management Strategy is useful for the organisation of Accor in the future to overcome the economic crisis and threats of the organisation. 3.2 Market development: Suggestion with the intention creates a character designed for an intangible body, products tell to customers feeling (Kim and Kim 2004). According to David, 2009 focusing on new customers with the same product and service but in different geographical areas. Brand justice besides let a group to enlarge and increase the product in a range of marketplace (Maharajan, Rao, and Srivastava, 1994). A hotel brand initially creates an importance for visitors by serving to declare them of a identical stage of excellence (O Neil and xiamo 2006). The table1 shows Accor hotel brands geographic presence in the world, that there is a huge opportunities for start business in emerging market like Asia and Pacific regions. Because they have Table 1 Accor hotel brands geographic presence in the world BRAND EUROPE MIDDLE EAST AFRICA ASIA PACIFIC NORTH AMERICA LATIN AMERICA TOTAL Total 2,310 143 402 1,076 174 4,111 Sofitel 34 24 45 9 9 121 Pullman 25 5 15 _ 1 46 Novotel 264 20 85 7 19 395 Mercure/MGallery 483 30 105 _ 81 699 Suite hotel 24 2 _ _ _ 26 all seasons 42 _ 33 _ _ 75 Ibis 691 31 80 _ 59 861 Motel 6 _ _ _ 1001 _ 1,001 Unbranded hotels 22 7 15 0 1 45 Source: Adapted from Accor (2010a) Construction of Suite hotel and Motel 6 in Asia Pacific region, that has largest volume of Travel Tourism Demand in the future prospective and increase the market place and exceeding the geographical perspectives around the globe. World Travel and Tourism Council (WTTC) says that, Table2. China has climbed two places by beating Japan and Germany and it occupied the second position. Travel Tourism service is lead by China (WTTC, 2008). Table3: Over the next one decade, the image will change to some extent as emerging tourism markets start to gather greater benefits from their investment in Travel Tourism development. whereas the USA, China, Japan and Germany will keep their current top four slots in terms of total Travel Tourism Demand (in absolute terms), India will be the worlds number one in terms of yearly growth in Travel Tourism require between 2008 and 2018, averaging 9.4% per annum ahead of China, Libya, Vietnam and Montenegro (WTTC, 2008). Table 2 Countries expected to generate the largest volume of Travel Tourism Demand (TTD) in 2008 TTD, S.No Countries (US$ bn) 1 USA 1,747.5 2 China 592.0 3 Japan 514.3 4 Germany 505.7 5 France 418.8 6 UK 403.7 7 Spain 338.2 8 Italy 302.9 9 Canada 231.4 10 Mexico 157.6 Source: WTTC, 2008. Table 3 Expected countries growth in Travel Tourism Demand between 2008 and 2018: S.No Countries 2008-18 (% annualised real growth) 1 India 9.4 2 China 8.9 3 Libya 8.1 4 Vietnam 8.1 5 Montenegro 7.4 6 Romania 7.1 7 Macau 7.1 8 Namibia 6.9 Source: WTTC, 2008. By analyzing the (Table 3) Asian pacific region have a huge growth in Travel and Tourism between 2008- 2018. Where constructing and building of Suite hotel and Motel 6 of Accor brands in Asian and pacific region. Focusing on new customers with the same product and service but in different geographical areas is the Market development. However China and India are the emerging market building more suite hotel and motel 6 for the customers. So, Market development strategy for Accor hotels to develop the geographical extension around the globe. 3.3 Functional level Strategy: (Human Resource Management (HRM)) Hotels are the most important components in tourism business and Human resource issues exist dangerous to examine value, and revolve the answer to global competitive (Jones and Haven- Tang, 2005). The significance of trouble describing to skills deficiency for the hospitality sector is clearly shown by (Zhang and Wu, 2004:425). Zhang and Wu observed that in China the qualified candidate have to be promoted by the hotelier to handle the decision-making or administrative tasks. So by rewarding and motivating to the employees, customers and reselling by various methods like Gift vouchers, prepaid cards, rewards to enhance the relationships with the customers and employees. Conclusion: The evaluation of past three years annual report, environmental opportunities and threads is set up much helpful information about the conditions of Accor Hotels located in all over the world. However, it is essential for the organization to think again to put into practice the necessary strategic performance for the future business development. The Current trends and issues faced by the Tourism and Hospitality organisation in Crisis thats hits both the economic and the Organization background. So Accor hotels should have the Crisis Management strategy to overcome the threats like terrorism and issues like recession that they have currently facing. And Accor have an opportunity to expand their geographic existence in the Asian pacific region by focusing on the new segmented customers. Accor are increasing the rooms per year for the customer to retain with their strong portfolio in nature. Accor have weakness in man power shortage that can be solved by the future Functional level stra tegy that is managed by Human Resource Management. Rewarding and motivating of staffs in the organisation.

coping with death :: essays research papers

Coping with Death People cope with the loss of a loved one in many ways. For some, the experience may lead to personal growth, even though it is a difficult and trying time. There is no right way of coping with death. The way a person grieves depends on the personality of that person and the relationship with the person who has died. How a person copes with grief is affected by the person's cultural and religious background, coping skills, mental history, support systems, and the person's social and financial status. The definition of coping is described in the text as the â€Å"constantly changing (dynamic) cognitive and behavioral efforts to manage internal and/or external demands exceeding the resources of the person. This emphasizes that coping behaviors go beyond routine, adaptive behaviors.   Ã‚  Ã‚  Ã‚  Ã‚  In 1990, my aunt Ann started experiencing heart-problems. My family was very close to Ann because she lived only a block away. Aunt Ann would walk over to our house everyday for a visit. During this particular summer, Ann noticed that she was becoming increasingly out of breath from just the short walk. The entire family strongly urged that she see a doctor as soon as possible.   Ã‚  Ã‚  Ã‚  Ã‚  After her doctor’s visit that she reluctantly went to, she announced to the family that she was suffering from a damaged heart valve. We were all terrified about what would happen to her, but she assured us that the doctor said it could be fixed with a minimal risk.   Ã‚  Ã‚  Ã‚  Ã‚  When she went into surgery in St. John’s Medical Center in St. Louis, we were all there and confidant that everything would go as planned. The doctors came out about one hour into the surgery to inform us that the damage was much worse than they initially thought. They told us that they would keep us updated on her progress. Two hours later they came out to tell us that her heart stopped beating and they tried everything they could to revive her, but she had died.   Ã‚  Ã‚  Ã‚  Ã‚  Through the next couple of days our family went through some of the coping stages. We experienced anger because we did not know the severity of the damage, we were depressed and then we had to come to accept God’s will. Ann was a devout Christian and we found comfort of knowing where she was going to.

Comparative Formal Analysis of Artworks

The rise of civilization follows hen humankind decided to build for themselves a more stable and promising life. Culture shifts then occurred between the Paleolithic and Sumerian periods due to the civilization of Mesopotamia, and humankind developed a polytheistic culture In which rituals and worshipping came Into play. Statuettes of Worshippers (ca. 2700 BCC. ) from the Square Temple at Susquehanna, Iraq, were one of the representations of the Sumerian culture. The emphasis on different body parts of the sculptures signifies a shift in culture due to the rise of civilization.Life during the Paleolithic period was plain tit meager cultural resources. Venus of Wildflower is a tiny three-dimensional female figure, approximately 4 1/4†³ high, created with simple sculpting tools, probably something similar to a chisel, and a piece of Limestone. The sculpture displays a woman with her pair of thin forearms resting on her breasts and a huge belly hanging above her pubic triangle. The roundness of her body parts dominates the whole sculpture.The tools and media available at that time period set a limit on the techniques of creation, leading to the rugged coarseness of this sculpture. In imprison with a normal human figure, Venus of Hellbender Is exaggerating out of proportions, which seems to misrepresent women from the Paleolithic period. The title of this sculpture, Venus, may be an attempt to explain the distortion and the nakedness of her body. Venus, who is the goddess of beauty and love according to the Roman mythology, might be depicted as the goddess of fertility during the Paleolithic period.The figure, lacking facial features which may be covered by the braided hair, leads the audiences' focuses to her enormous body parts, especially ere breasts and belly. Her belly bulging out may suggest pregnancy while the conspicuous outline of her pubic triangle may represent fertility. From another point of view, Venus of Wildflower, with the fullness of her body , may also be a symbolization of desire for abundance. The Intention of this relatively small sculpture might have been some kind of amulet men carried around or maybe It even acted as a motivation for men hunter to hunt for abundant amount of food.In this sculpture, the emphasis of women's delectate body parts Implies that mankind in the Paleolithic period tends to create what they desire, in the case of The way of living, as well as the culture, changed with the rise of civilization in Mesopotamia. No longer did people in Sumerian period live a hunter's live; instead, they worked to create a more stable life by farming and herding, which was an evidence of civilization. Significant inventions during the Sumerian period equipped people with improved tools and media to create sculptures with better techniques.Apparently, the Statuettes of two worshippers have a smoother surface and texture comparing to Venus of Wildflower. The material of the statuettes was soft gypsum inlaid with s hell and black limestone while Venus of Wildflower was created with limestone only. Clothing and facial features were carved onto the statuettes of the two worshippers unlike the sculpture of Venus of Wildflower. The men wear a fringe skirt with a belt while the women wear a long robe. And instead of enormous breasts and belly, these statuettes have in common outstanding, round eyes.This reveals a cultural meaning of the Sumerian period that gender is differentiated not by sexual body features, but by appearance and clothing. Comparing to that of the Venus of Wildflower, the statuettes have a more normal proportion, despite the size of their eyes and hands. Although these statuettes of worshippers were manufactured in a wide range of sizes, they all have a common body gesture: having a neutral facial expression and standing upright with their small hands together placed in front of their chests.The position of the hands, along with their head slightly tilted upwards, may suggest tha t they are praying or begging for something from deities or any other gods and goddesses they believe in. Also, the small hands of the statuettes may imply that they have a limited ability and their huge, pitiful eyes seem to represent a desire for something in return; for instance, help from the deities to cure a disease.These statuettes of worshippers were found in homes as votive figures probably because common people were not allowed to visit the Gujarat in that time period. Not only do these statuettes signifies a civilization, they also mark the shift of culture and the development of religions and beliefs. The similarities and differences of Venus of Wildflower and the Statuettes of two reshipped from two different historical time periods display a major change in the culture along with the way of living among a group of people in a society.Moreover, the emphasis on certain body parts can be viewed as the main symbolization of the individual sculpture. In this comparison, the breasts, belly and pubic area of Venus of Wildflower represent fertility and abundance while the eyes and hand gesture of the Statuettes of two worshippers symbolize belief and desire for help. In general, different artworks created in different historical time periods usually reveal a major revolution or a shift in culture.

Free Essays on Tanzania

Tanzania Culture Tanzania is home to over 120 culturally diverse tribes but shares a common official language of Swahili. Apart from this linguistic bond, each tribe is unique. Their manners of worship, local government, and rituals - even their systems of trade and wealth - vary greatly from tribe to tribe. One of Tanzania’s major tribes, the Masai, dominates the northern portion of Tanzania. Residing in the Ngorongoro Conservation Area, tribe members constantly seek new grazing areas for their cattle. Cattle are of great importance to the Masai, providing not only a source of food, but also serving as a symbol of wealth and prestige for their owners. The Masai wear a single toga-like piece of clothing, usually a bright red or blue color, and cover their bodies in ochre. Geography and Climate â€Å"In the midst of a great wilderness, full of wild beasts†¦I fancied I saw a summit†¦covered with a dazzlingly white cloud (qtd. in Cole 56). This is how Johann Krapf, the first outsider to witness the splendor of Africa’s highest mountain, described Kilimanjaro. The peak was real, though the white clouds he â€Å"fancied† he saw were the dense layer of snow that coats the mountain. Tanzania is primarily a plateau that slopes gently downward into the country’s five hundred miles of Indian Ocean coastline. Nearly three-quarters of Tanzania is dry savannah, so much so that the Swahili word for the central plateau is nyika, meaning â€Å"wasteland.† Winding through these flatlands is the Great Rift Valley, which forms narrow and shallow lakes in its long path. Several of these great lakes form a belt-like oasis of green vegetation. Contrasting with the severity of the plains are the coastal areas, which are lush with ample rainfall. In the north the plateau slopes dramatically into Mt. Kilimanjaro. Ngorongoro Conservation Area Some of Tanzania’s most distinguishing geographical features are found in the Ngorongoro Conse... Free Essays on Tanzania Free Essays on Tanzania Tanzania Culture Tanzania is home to over 120 culturally diverse tribes but shares a common official language of Swahili. Apart from this linguistic bond, each tribe is unique. Their manners of worship, local government, and rituals - even their systems of trade and wealth - vary greatly from tribe to tribe. One of Tanzania’s major tribes, the Masai, dominates the northern portion of Tanzania. Residing in the Ngorongoro Conservation Area, tribe members constantly seek new grazing areas for their cattle. Cattle are of great importance to the Masai, providing not only a source of food, but also serving as a symbol of wealth and prestige for their owners. The Masai wear a single toga-like piece of clothing, usually a bright red or blue color, and cover their bodies in ochre. Geography and Climate â€Å"In the midst of a great wilderness, full of wild beasts†¦I fancied I saw a summit†¦covered with a dazzlingly white cloud (qtd. in Cole 56). This is how Johann Krapf, the first outsider to witness the splendor of Africa’s highest mountain, described Kilimanjaro. The peak was real, though the white clouds he â€Å"fancied† he saw were the dense layer of snow that coats the mountain. Tanzania is primarily a plateau that slopes gently downward into the country’s five hundred miles of Indian Ocean coastline. Nearly three-quarters of Tanzania is dry savannah, so much so that the Swahili word for the central plateau is nyika, meaning â€Å"wasteland.† Winding through these flatlands is the Great Rift Valley, which forms narrow and shallow lakes in its long path. Several of these great lakes form a belt-like oasis of green vegetation. Contrasting with the severity of the plains are the coastal areas, which are lush with ample rainfall. In the north the plateau slopes dramatically into Mt. Kilimanjaro. Ngorongoro Conservation Area Some of Tanzania’s most distinguishing geographical features are found in the Ngorongoro Conse...

Come to Pass

Come to Pass Come to Pass Come to Pass By Maeve Maddox A common English idiom is â€Å"come to pass†: to come to pass: to happen, take place in the course of events, come about, occur, be fulfilled. Here are some correct uses of the expression: all things, good and bad, come to pass. It shall come to pass. Don’t give up on your God-given dreams. it seems slow, do not despair, for these things will surely come to pass. Lately, I’ve noticed an odd distortion of this idiom into â€Å"goes to pass†: Love remember who comes 1st in your life, everything goes to pass, but Gods spirit will always surround usAmen! Most of the time, the first thought that comes is of that everything goes to pass, if everything goes to pass, we will eventually be merging with 3SA. I have done as much as I can to make sure people dont get evicted from our ceremony venue, and that everything goes to pass without riots. These examples come from forums, inspirational blogs, and blog commentscontexts in which nonstandard English is well-represented. However, I found an example of a similar distortion on a page that has the Quaker Oats logo at the top. This one uses â€Å"goes to pass† as if it meant simply â€Å"pass,† or â€Å"come to an end.† The writer may have been thinking of the expression, â€Å"fads/fashions come and go†: Like most people Im sure youve struggled with maintaining your weight and eventually the latest craze and health trend goes to pass without much success. ESL learners need to be aware that â€Å"goes to pass†in any contextis not standard English. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Expressions category, check our popular posts, or choose a related post below:7 Types of Narrative ConflictWhat is Dative Case?Words Often Misspelled Because of Double Letters

Economics Essay Example | Topics and Well Written Essays - 2000 words - 2

Economics - Essay Example For example: a company that has an ice cream machine that usually produces 40 boxes of 1 pint of ice cream a day was able to produce as much as 80 boxes of 1 pint of ice cream a day by cutting on ‘down-time’ due to machine breakdown caused by lack of machine maintenance. It could also refer to the application of a special device in a machine in order to enhance its speed and therefore increase the volume of production. Another way is to maximize the use of manpower by establishing a short and clear chain of command within the business organization. Therefore, it is possible to avoid the incidence of employing too much unnecessary employee in the crowd. In order to achieve economies of scale, a good management is essential. Basically, it is the managers and supervisors who suggests and/or make critical decisions in order to maximize the daily fixed costs (such as labour costs and over-time pay and electricity costs) of the company. These are also the same group of people who are responsible in cutting down the number of ‘rejections’ in a production line. Minimizing the number of ‘rejections’ can indirectly increase the company’s profitability by ‘cutting down the unnecessary opportunity losses’ and ‘prevent avoidable expenses’ on the part of the company. Q.2 Explain how changes in the equilibrium price and quantity are influenced by the elasticity of demand and supply. Explain the difference between a shortage and a surplus and discuss why either might occur. Basically, the market equilibrium price and quantity is the point where the quantity supplied is equal to the quantity demanded. The said equilibrium point changes when there is an imbalance between the demand and supply. For example: if the demand for a certain goods is above the supply, the price of goods will automatically go up to a certain point where a new equilibrium point will be created. Likewise, if the supply

Differentiating Instruction and Why It Is Important- Bring it all Essay

Differentiating Instruction and Why It Is Important- Bring it all Together w8 - Essay Example Furthermore, one can also ask the help of the other faculty members in the department who may be knowledgeable of the profile of the students that one will have. Aside from talking with their previous teacher, one can administer a diagnostic pre-test during the start of the class (Carnegie Mellon, n.d.). This activity will be very useful in assessing the strengths and weaknesses of the students. Another activity that can be done is to ask the students to make a concept map about a major topic in the course one is teaching (Carnegie Mellon, n.d.). This can provide one with a clear sense of the extent of understanding of the students on the issues that will be discussed. It will help one point out the students’ false impressions and wrong beliefs. One of the challenges posed by the teaching profession is to be able to assess a student’s background knowledge. To be an effective teacher, one must find ways of determining where the students stand at the start of the class. It is only then that one can design a course which will be useful and appreciated by one’s