Irish Scrappage Scheme Essay Example | Topics and Well Written Essays - 3750 words

Irish Scrappage Scheme - Essay Example Recall that the questions we are concerned with are (i) whether the scrappage scheme has had a positive impact on the aggregate sales of cars in the domestic market and (ii) whether the introduction of the scrappage scheme has created a substitution effect from G and C band vehicles to A and B brand vehicles. The hypothesis and the basic setup In order to empirically examine these questions, the easiest and simplest methodology adoptable is that of using two different OLS regressions for cases (i) and (ii) to test whether the introduction of the scheme led to any significant departures in the time series observations of our dependent variables. As mentioned earlier, our dependent variable for case (i) are the quarterly car sales over the sample period of 2003 to 2010. Incorporating an indicator variable for the time periods which were under the coverage of the scrappage scheme as an independent variable, one can conceive an OLS specification to see if the there was a significant impact of the dummy on the dependent variable. However, in order to obtain precise, valid estimates it is crucial to control for other factors that may have influenced car sales during the sample period. To better understand the reasoning, consider the following regression: (1) represents the dependent variable, denotes the constant, i.e., the inte rcept, denotes the dummy for the scrappage scheme, represents a vector of controls and is the stochastic disturbance or the error term . can be defined as : And Thus, the coefficient signifies the impact of the scrappage scheme on the dependent variable . If we find is statistically significant from zero, the implication will be that the scrappage scheme had an impact. The sign on the coefficient will indicate the direction of the impact. Therefore, if the coefficient is found to be significant and positive, that will imply that the scrappage scheme led to an increase in the dependent variable . If on the other hand we find the coefficient to be negative, that will imply that the scrappage scheme led to a decline on the dependent variable. The coefficient vector includes the coefficients on the individual variables included as controls. The signs and significances of these coefficients will reveal the direction and importance of the control variables for the determination of the dep endent variable. Therefore, for case (i), we can take the time series of car sales as our dependent variable

Lesson 9 and 10 Personal Statement Example | Topics and Well Written Essays - 750 words

Lesson 9 and 10 - Personal Statement Example The second article covers the NTIA and the US Copyright Office’s report on the Digital Millennium Copyright Act. The primary purpose of the DMCA is the updating of national laws for the digital age to assist vigorous progress of e-commerce, communication, research, development, and education in the internet age. Section 1201(g) on The Encryption Research Exception may be detrimental as it might result in a decrease in legitimate research and testing in the field of encryption research. A researcher just needs to make a good faith attempt to obtain authorization from the owner to undertake circumvention. 2.) The doctrine of fair use calls for a high level of ethical behavior from the publisher. It is up to the ethical standards of the publisher to decide, if the purpose of use is not to gain any commercial benefits. In order to take on an allowable act of encryption research, the law of good faith effort makes it lawful for a researcher to undertake circumvention activity just after he has made a good faith effort to obtain authorization from the owner. This calls for an ethical judgment on the part of the publisher. 3.) The Government should modify the existing regulation so as to give more control to copyright owners. The Government should encourage research in copyright protect technology, and education about ethics. No government intervention will lead to an unethical usage of content from somebody else for commercial purpose, and may limit future interest in creating something of own. However, the concept of policing people’s computer might hamper the privacy of the citizens. 4.) The use of fair use doctrine for publishing although legal, but may turn out to be unethical in certain cases. The terms of fair use are subjective, and the publisher may interpret them in any way he may like. Similarly the use of law of good faith effort, although being

Starwood Hotels to India Case Study Example | Topics and Well Written Essays - 750 words

Starwood Hotels to India - Case Study Example This paper will evaluate the environmental and competitive aspects of the Indian market that aloft will be exposed to once it begin its operation. The paper will also evaluate sound corporate and global strategies that aloft can adopt to improve its performance in the market to make a significant impact. Changes have occurred in the Indian business market since the reforms initiated in the 90s and the pro-market reforms that changed the perception of the Indian market towards foreign entities. The current growth pace of the Indian market presents a number of opportunities to local and foreign investors. With a world gross domestic product of the country expected to rise by over 5%, the country’s business environment has a strong ability to sustain new business entries (Thadani & Mobar, 2013). With the United States’ world gross domestic product expected to decline, India has the opportunity to rise into the third pole behind china and the United States. This environment presents a massive opportunity for aloft under Starwood hotels and resort to tap on the emerging growth in the sector. Increase in foreign investment in the country will increase the demand for hotels and resorts in the country and this presents a massive opportunity for aloft and Starwood hotels and resort (Tisdell, 2013). Starwood hotels and resort has faced massive competition from domestic entities in the country that will present massive competitive challenge to aloft should it enter the market. Companies like Indian hotels, the Leela ventures, Kamat hotels and the royal orchid have operated in the country for over a decade. These companies have chains of hotels and resorts in the major cities on India and have massive customer base among the local and foreign revelers. This is due to its massive investments, currently standing at $284 million after the pro-market reforms, which

Critically assess the positioning strategies of 4 countries as tourist Essay

Critically assess the positioning strategies of 4 countries as tourist destination - Essay Example All these countries are assessed separately in the report. Turkey is assessed first. It is definitely a tourist destination, one that has a rich culture and one of the most fascinating histories. The heritage is amazing which is displayed in the great number of Turkish museums. The people are hospitable and family-oriented. This is all attractive for tourists and positions it as a striking destination for tourists interested in culture. The Bahamas is assessed next. It is mainly a spot for vacationers who enjoy the beach, sand and sun. There is little attraction for other kinds of tourists though. There are no events and activities are limited to water sports. Dubai is assessed next and it is definitely positioned as a luxury tourist destination. This is followed by Thailand which is very popular for its culture, cuisine and eco-tourism. The geographical structure is fascinating and attractive for many. The population includes British citizens, male and female in a high-income community. A sample of 10 British was drawn from the population. This was not a random sample. Instead sampling was done using the systematic sampling method. This is also called interval sampling and it means that there is a fixed gap between selecting people. This is a very effective technique for sampling for surveys (Australian Bureau of Statistics, 2004). In our sample, 6 of the respondents were male while the rest were female respondents. They all belonged to the higher income group. Their names have not been disclosed but other demographic characteristics are illustrated below in the table: In our survey, the first person (from the first house) was selected randomly after which every tenth house was selected, out of which one person was selected for the sample. The following criteria were followed: The main search tool was based on interviews. Questions in the interview were open-ended. They had no

Cadbury Essay Example | Topics and Well Written Essays - 500 words

Cadbury - Essay Example It is interesting to note that the Cadbury family were Quakers (The Story of Cadbury, n.d); as Quakers, it was their job to carry out reforms to bring positive changes to the social and industrial life of society. The Cadbury family even tried to eliminate poverty and deprivation; John Cadbury actually introduced chocolate and related products to act as substitutes for alcohol since he believed alcohol was the main cause of poverty in the lower classes of society (The Story of Cadbury, n.d). More of the Cadburys dedication towards improving life for others can be seen in the way in 1893 120 acres of land were bought by them near the Bourneville factory, to house the workers (The Story, n.d), and from the way they were producing chocolates on a large scale and thus affordable for everyone and not just limiting it to the elite classes (The Story, n.d). The Cadburys even encouraged their customers to interact with them and their production process by setting up tours of the factory in 1 988 (The Story, n.d). In my opinion, this kind of humanistic attitude should be there in managing businesses; customers are the only reason why businesses can sell their products and make profits, and it only makes sense that the customers should be paid attention to and taken care of. I especially liked how the factory tours were set up which would allow the customers to witness the production process themselves and even feel part of and connected to the business on a personal level. The Cadbury family had created a favorable public image of themselves and their chocolate business, and this image has been maintained throughout the years into today. In my opinion, a business is nothing without its consumers; businesses have to construct a favorable image of themselves in order to sell a product. For example, it has set up the Cadbury Cocoa Partnership and provide money to small cocoa farms in Ghana, India, Indonesia and the Caribbean (The Story, n.d); this money is used

The global financial crisis-Brand management Essay

The global financial crisis-Brand management - Essay Example One strategy that the companies can use to maintain the unique value of their brands during global financial crisis is by engaging the customers as during these economic downturns excellent opportunities for innovation are provided (Roll, pp6). Customers cut down on consumption during financial crises, thus brands can initiate measures that take off their minds from the difficulties of consumption and focus them on the worthy features of the brand and co-create value with them. This strategy also helps minimize loses and more importantly, it successfully protects the companies brand image and brand equity. Singapore Airlines is a company that perfectly used this strategy to maintain the value of its unique brand. During the deadly SARS breakout in South East Asia when customers were afraid of flying, Singapore Airlines offered its customers very innovative vacation packages that encouraged customers to travel thus maintaining their status (Roll, pp7). Creating exciting customer interactions through activities such as product bundling to enhance value and promotions with creative alliances such as celebrities and travelling can also be used to maintain the unique value of a brand during such situations. This strategy takes off the focus of the customers on price and reiterates the commitment of the brand to engage and value customer support (Gelder, p102) Although this paper has discussed two strategies to be used during such situations, there are other strategies that are equally viable. Financial upheavals negatively impact the trust of customers on a brand. Therefore, during such situations it is the responsibility of the companies to devise new strategies that can maintain the trust of their customers on their brands. Brand differentiation is a very important strategy in today’s competitive market where new products are coming in everyday. In

Ecological Ethics, Amber Essay Example | Topics and Well Written Essays - 250 words

Ecological Ethics, Amber - Essay Example tructive behavior poses a threat to the existence of species and the environment as a whole, and therefore it is obligatory that species need to be conserved simply because they were created and meant to exist (Ehrenfield,1972).However, simple intrinsic values are not considered when conservation and management strategies are designed and implemented. However, the fact is that where there is value of existence there will be ethics of conservation and this is where we get a glimpse of man’s anthropocentric approach towards conservation strategies. Species utilitarian values and ecosystem values are the core reason that drives man’s ethics of conservation. Man benefits from products and free services that natures offers and man is very much aware about the value and the effect of these products and services and hence man values biodiversity because of its mere utility (Alho,2008). On the other hand, it is also true that man values something because of aesthetic reasons. For example lions and tigers do not provide any direct service yet they are valued for the reason that they are top predators who have an aesthetic value as well. Whereas endangered animals for example the Indiana bat receives less hype simply because it has lesser impact on the people. This is where the concept of flagship species may be linked. Conservationists are aware of the values of each and every species yet they chose flagship specie such as the giant panda or tiger to symbolize conservation for the sole reason that larger animals have greater impact on the minds of