In his first section Paul says that “It is universally acknowledged that education is the key to economic success.” He is actually just stating that to make a generalization of most of the worlds thoughts on education and job success, because right after he makes that statement he goes on to say that “what everyone knows is wrong.” Krugman says that the growing technology and use of software is extremely cheaper than the “old fashioned” way of doing things. Such as using armies of lawyers and paralegals to do legal research. Basically, technology is reducing demand for highly educated workers. Another example he uses are engineers. He says technology is eliminating the need for them because you can make chips much simpler with a computer than a human worker.
Strategic Analysis Florida Blue Word Count: 4,350 A. Executive Summary In this strategic analysis we will be analyzing Florida Blue’s current operations to provide strategic recommendations that will leverage their strengths, nullify their weaknesses and allow them to gain market share among Generation Y in the state of Florida. According to our industry analysis, the health insurance industry has high barriers to entry, very few substitutes, high competition and can be very lucrative. For companies already in the industry, the industry can be very attractive and there are big opportunities to make a profit if they can keep ahead of competition. Our analysis shows that the power of suppliers is balanced out by the lack of power of buyers.
It is also important to companies to enter the blue ocean to find new opportunities. Blue Ocean Strategy makes the competition irrelevant. Product or service that might be considered a blue ocean move and why There are several products and services that might be considered Blue Ocean. Cirque du Soleil is an example of Blue Ocean Strategy because of how they are blending opera and ballet with the circus presentation while removing star performers and animals. This is considered a Blue Ocean because it was previously an unknown market space, and now it is well known throughout the world.
Once this has been completed, the new product will be positioned in point that provides no alternatives and allows much more effective branding tactics to be utilized. Modern Examples of Blue Ocean Moves There have been several notable blue ocean moves in modern business recently, particularly in the technology realm. The Nintendo Wii product shook up the gaming world when it was released nearly ten years ago. Rather than compete with the Sony PlayStation and Microsoft Xbox, Nintendo decided to create a
What's a red ocean? -the rivalries we understand in known industries -You accept key constraints that define your industry → boundaries are defined and accepted, competitive rules are understood What is a blue ocean? -Doing business where there is no competitor-- finding your own space; demand is created rather than fought over. -You don't accept that it is difficult to create new market space. How is a blue ocean created?
Blue Ocean Strategy Plan MKT/421 Introduction In today's competitive market where companies attempt to outperform one another by creating a brand new product or adjusting an existing product in attempts to appeal to a larger customer base are referred to as a Blue and Red Ocean strategy plans; “Red Oceans represent industries in existence today, and the industry boundaries are defined, accepted, and the competitive rules of the game are understood. Blue oceans denote all the industries, not in existence today- the unknown market space untainted by competition." (Kim & Mauborgne, 2004, p. 82(10), 76–84.). Movie theaters are one example of a Red Ocean. Initially, individuals would watch movies at a drive-in movie theater that later progressed to indoor movie theaters where customers were given the opportunity to purchase foods and beverages.
As the market space gets crowded, prospects for profits and growth are reduced. Products become commodities, and cutthroat competition turns the ocean bloody. In contrast, blue oceans is the unknown market space where it is unaffected by competition and demand is created rather than fought for. In blue oceans, competition is not relevant because the rules or barriers to the market space is not set yet and is often waiting to be set. In my opinion, by creating Blue Ocean Strategy, you can leave the competitive and bloody Red Ocean and achieve long-term success in a new market space.
Conversely, in a rural market where incomes are low and jobs are scarce, they may not grant any dealerships at all. The next step is experience. One does not simply manage their own dealership without any experience in the automotive industry. A good place to start is in the sales department of mid-market cars like Audi and BMW. Starting a career in sales is more realistic than jumping to the management and distribution of some of the world’s most luxurious cars such as Bentley and Aston Martin.
He mentioned traders not being able to hold on to their goods so they were able to negotiate better prices. Instead, they had to take whatever little money they could get because of their need to survive. This then would result in the wealthy traders having the upper hand and controlling the markets (162). A contemporary example of this would be my EBay business. I purchase coveted limited-edition items and post my listings until the other EBay sellers have ran out of stock.
The Efficiency of Cars Nikeisha S. Sandy SCI207: Dependence of Man on the Environment (ABL1146J) Instructor: Walter Lambert December 12, 2011 The efficiency of cars is a major issue. There are several reasons why cars should be more efficient, however, there are many reasons why they should not. The efficiency of a car can affect both the economy and the atmosphere. While cars should not be more efficient, cars should be more efficient because the cost to the consumer may decrease, more efficient cars can save money on taxes, and cars are a necessity. At one point, the idea of using a car that was electric powered may have seemed outrageous.