Essay writing vocabulary
Sunday, November 3, 2019
Persuasive Speech on Death Penalty Essay Example | Topics and Well Written Essays - 500 words
Persuasive Speech on Death Penalty - Essay Example Organizations such as the International Commission against the Death Penalty are working towards changing peopleââ¬â¢s attitudes, getting the publicââ¬â¢s support so that together, they can influence, and possibly change the laws regarding the death penalty. For the death penalty policy to come to an end people have to change their attitudes; change starts with the people. The government will only take this seriously if its people show concern. The death punishment should be abolished because demeans the quality of human life, it costs the country a lot of money, it results to the death of innocents, and because life without parole is a sensible alternative. Personally, I am against the death penalty; people, let us join hands in this human rights cause of abolishing capital punishment, and let us change public attitudes towards this inhumane injustice that befalls the American people. In the future, it could be you, your friend, you family that is wrongly convicted for murder; how do you choose to remember this day? Will it be the day that you championed for the death penalty, or the day that you voted against it? Make the right choice by move for the abolishment of the death penalty law. What if one of your family members was wrongly convicted for murder? What if you were put on death row because you happened to be the last person seen leaving a crime scene where a bomb blew up and killed people? It is questions like these that raise public concern; people are more apathetic in cases where this form of injustice does not affect them, however, when a case of this nature becomes more personal, people are empathetic. Why should we be so selfish as to see what others suffer? The death penalty should be abolished because it demeans the quality of human life, it costs the country a lot of money, it results to the death of innocents, and because life without parole is a sensible
Friday, November 1, 2019
Statistical Tests Essay Example | Topics and Well Written Essays - 500 words
Statistical Tests - Essay Example When and if the researcher would test the boys before and after treatment for depression this would skew the two tests and the results would be more positive for the treatment would affect the outcome of the second test. The first test when the boys were depressed they would not put all their thinking skills into doing an honest job for the way they are feeling at that time. When testing boys and girls with depression the researcher must take into consideration other circumstances into performing the test. The repeated measures test is still the best t-test to use for this test will give the researcher a better look at the emotions of the boys through observation while performing the test. They can also observe facial and body movements of the participants. In all psychological testing researchers must strive for validity and to make sure the criteria is met before performing the test along with the reliability of the results found. The researcher can also use the single sample t-test when checking the boys after treatment they received for depression. They also need to find the degrees of freedom dealing with the participants from the previous sample. The researchers could also perform a paired samples t-test between the girls and the boys to see about levels of self esteem and with the paired samples t-test this is when Cohenââ¬â¢s d is used. The tester will also need to calculate the effect size and get the sample mean difference. When testers give these types of tests they should make sure that they are appropriate, meaningful and useful. (Gregory, 2004) When dealing with the statistics and the t-test researchers should strive to make ideas relevant to the test that is being performed. When considering which test or tests to be done one find the correct charts to make the necessary calculations. When researchers commit to doing this
Wednesday, October 30, 2019
Traditional Marketing and E-marketing Essay Example | Topics and Well Written Essays - 500 words
Traditional Marketing and E-marketing - Essay Example The reason is obvious to this decade where for a customer the phenomena of switching over and over a brand is not a tough decision to make. Since the market is saturated for brands, and competition has swayed every brand to be as good as its competitor, traditional marketing does not work as much as e-marketing does. However there are some factors to which I think traditional marketing is still preferred by many of the retailers. Those factors when viewed in the light of the electronic commerce appear as 'threats' to many of us. For example electronic transactions which are concentrated only within a certain number of product categories, poses a threat to many of the e-retailers (Fritz et al, 2002, p. 73). However there are some other good reasons for choosing e-marketing. The easy integration of the traditional strategic marketing tools, which include generic marketing strategies, competitive marketing positions, and capabilities, into the e-marketing environment provides the consu mer a user friendly edge to opt for the specific brand.
Monday, October 28, 2019
Perfect competition Essay Example for Free
Perfect competition Essay A profit maximiser increases output until MC=MR at Q1. The intersection of MC with MR gives the profit maximising level of output. The intersection of MC with MR gives the profit maximising level of output. To find the market price one must project up from Q1 to the demand curve and across the vertical price axis, P1. Consumers are willing to pay P1 for Q1. Unit costs are only P2 so the firm is making an abnormal profit of (P1-P2)*Q1. The four key characteristics of monopoly are: (1) a single firm selling all output in a market, (2) a unique product, (3) restrictions on entry into and exit out of the industry, and more often than not (4) specialized information about production techniques unavailable to other potential producers. These four characteristics mean that a monopoly has extensive (boarding on complete) market control. Monopoly controls the selling side of the market. If anyone seeks to acquire the production sold by the monopoly, then they must buy from the monopoly. This means that the demand curve facing the monopoly is the market demand curve. They are one and the same. The characteristics of monopoly are in direct contrast to those of perfect competition. A perfectly competitive industry has a large number of relatively small firms, each producing identical products. Firms can freely move into and out of the industry and share the same information about prices and production techniques. Single supplier: The essence of a monopoly is a market controlled by a single seller. The most important aspect of being a single seller is that the monopoly seller IS the market. The market demand for a good IS the demand for the output produced by the monopoly. This makes monopoly a price maker, rather than a price taker. Unique Product: To be the only seller of a product, however, a monopoly must have a unique product. There are no close substitutes. A monopoly is an ONLY seller of a UNIQUE product. Barriers to Entry and Exit : A monopoly is generally assured of being the ONLY firm in a market because of assorted barriers to entry. Some of the key barriers to entry are: (1) government license or franchise, (2) resource ownership, (3) patents and copyrights, (4) high start-up cost, and (5) decreasing average total cost. A monopoly might also face barriers to exiting a market. If government deems that the product provided by the monopoly is essential for well-being of the public, then the monopoly might be prevented from leaving the market; Specialized Information Monopoly is commonly characterized by control of information or production technology not available to others. This specialized information often comes in the form of legally-established patents, copyrights, or trademarks. It could be a secret recipe or formula. Perhaps it is a unique method of production. While these create legal barriers to entry they also indicate that information is not perfectly shared by all. Natural Monopoly Sometimes markets become monopolies simply because it is more cost effective to have one firm serving an entire market than it is to have a number of smaller firms competing with one another. Firms whose economies of scale are virtually unlimited are known as natural monopolies, and the goods they produce are referred to as club goods. These firms come to be monopolies because their size and position makes it impossible for new entrants to compete on price. Natural monopolies are usually found in industries with high fixed costs and low marginal costs of operation, such as cable television, telephone, and internet providers. Legal Monopoly Sometimes a government will pass laws reserving a specific trade, product or service for government agencies. For example, many times a government agency will be in charge of running water. The legal barriers that are put up prevent other companies from competing with the government. Technological monopoly occurs when the good or service the company provides is has legal protection in the form of a patent or copyright. For example, if a company develops and patents a drug to cure brain cancer, that company has a legal monopoly over that drug.? Arguments for monopoly : The beneficial effects of economies of scale, economies of scope, and cost complementaries on price and output may outweigh the negative effects of market power. Encourage innovation.
Saturday, October 26, 2019
To His Coy Mistress Essay -- English Literature
To His Coy Mistress Compare and Contrast ââ¬Å"To His Coy Mistressâ⬠By John Donne. ââ¬Å"To His Coy Mistressâ⬠and ââ¬Å" To His Mistress Going to bedâ⬠are two poems that feature ââ¬Å"carpe diemâ⬠; they are also written by two of the most well known metaphysical poets. Andrew Marvell, the author of ââ¬Å"To His Coy Mistressâ⬠and John Donne, the writer of ââ¬Å"To His Mistress Going To Bedâ⬠. Both poems were written through the 16th and 17th Century, where love and sex were describe as two different things. 16th and 17th century attitudes to love and relationship were much stricter than in the 21st Century, as wealthy men who wished to court a woman, would need to use the convention of writing a letter or a poem to try and win her over. This is precisely what these poems are about. Each man is trying to bed women, using their poetry. Their poems are more about sex, rather than love or romance. Using their metaphysical ways, they used their sexual images and witty conceits, to try and seduce the woman in question. In the 21st Century, it is not recommended for a man to take such action in doing so. Also in the 16th and 17th Century, woman was expected to be virgins until a chosen time. It was also unheard of for woman to have children out of wedlock, and if it did occur, then the woman would be seen as an outcast. Although in the 21st Century, it is more common if a woman has a child out of wedlock, she still could be seen as an outcast. Both men take a different way in choosing how to seduce the woman, but both take the same thought in the process, ââ¬Å"To bed the womanâ⬠. Throughout time, the way of having sexual ways with each other, has changed Throughout this essay, I will be explaining the different and similarities, between these ... ...The each use a different beat, Marvellââ¬â¢s poem suitââ¬â¢s a simple octosyllasic couplet. It is centring the poem on time. Donneââ¬â¢s poem is an iambic pentameter. This gives it a slow pace, as if it is savouring the moment. In conclusion, after reading both poems, I discovered that I enjoyed reading Donneââ¬â¢s poem more than Marvellââ¬â¢s. I found both poems an interesting read, because over 500 years, love has changed. You would not find a man living in the 21st Century, writing poetry and letters to a woman, he wishes to bed. I think that this was a very romantic way of doing this. The reason why I enjoyed Donneââ¬â¢s poem is because it was sincere and passionate. Marvellââ¬â¢s being cool, witty and somewhat threatening. Both poets live up to their metaphysical ways on these poems, with their imagery, similes, metaphors, alliteration, repetition and sexually explicit words.
Thursday, October 24, 2019
Policing Trends and Issues Essay
* History and roles of law enforcement in society. During the history of Law Enforcement the duty of police is to maintain order, dealing with lawbreakers. At the same time, citizens were responsible for protecting themselves and maintaining an orderly society. With the pass of the time, throughout the Law Enforcement field, organized police department have change dramatically. In addition, the modern style police departments did not appear until the fourteenth century in France and nineteenth century in England. Moreover, the first police officers were Praetorian Guard, who was a select group of highly qualified members of the military established by the Roman emperor Augustus to protect him and his palace. During the 1829, Sir Robert Peel credited with establishing the first English police department which was the London Metropolitan Police. At the same time, during the seventeenth century English policing system also used a form of individual, private police known them also like the Thief-takers. The Thief-Takers were private English citizens with no official status who were paid by the king for every criminal they arrested. The roles of law enforcement in society are criminal apprehension, conviction, and crime prevention. Throughout the history and roles of law enforcement many things have changed for example the treatment and punishments for offenders. In the past offenders were treat as animals and slaves, because while in prison they cannot communicate each other, during meal, and work. Moreover, during that time they have very strict rules, such as silent obedience, discipline, and labor, which they have to follow, and many offenders died inside of the prison as a result of brutal treatment. Now, offenders receive a different treatments and punishments, they are able to have communication with their inmates, and they do not receive brutal treatment like animals. They also form their gang members and sells drugsà while in prison. Then, during the 1980ââ¬â¢s and 1990ââ¬â¢s included the development of a computer revolution in policing involving communications, record keeping, fingerprinting, and criminal investigations. * Levels of jurisdiction. Police has jurisdiction and their city sheriff has jurisdiction over the county. * Distinction among the multiple functions of modern law enforcement agencies. * Analysis of historical events that have shaped modern policing practices. Past II ââ¬â Scenario 1. Throughout the history of police agencies, there have been different traditions surrounding how to handle DUI stops. If you were on routine patrol and stopped a vehicle on reasonable suspicion of driving while intoxicated, and discovered that the passenger was your next door neighbor, what would you do? Historically, how would law enforcement handle this type of situation versus today? First at all, I will not care if he/she is my next door neighbor or even a family member, because I choose to become a police officer to protect and help my community without being corrupt. Then, I would do the right thing, without caring who is committing a DUI stop because my job is serving as a police officer and treat all people equal. I will handle this type of situation by asking for their license, insurance, and registration. In my opinion I think that law enforcement in the past should act violent, with the people. On the other hand, comparing it with today police officers should just ask for their license, insurance and registration, without any aggression against people. 2. You are on foot patrol and a citizen who is known to be a drug dealer walks up to you and complains that another officer is talking money from him. He is afraid of retaliation and is unsure how to handle this. What is the ethical and professional response to this, and why? 3. You are on duty and having lunch. While you are eating, a citizen walks up to you and tells you that the bank across the street is being robbed. How do you respond? Who has jurisdiction and why? 4. You have recently completed field training and are on routine patrol when you receive a call to a disturbance in a home, when you arrive, you realize that one of the individuals involved is threatening suicide. You have not been trained to deal with suicide threats. How do you respond? 5. You are on routine patrol and you notice two individuals on the street looking inside of jewelry store. It is 85 degrees out in the middle of July and they are both wearing heavy winter coats. Explain which Supreme Court case would apply and what you would do in this situation. 6. You are recruit that has just graduated from the academy. It is your first week being trained on the street. You and your Field Training Officer walk into a department store and you observe him taking an item without paying for it. You leave that store and on your way out he tells you that if you are questioned by anyone, you did not see anything. What do you do in this situation? Part III ââ¬â summary Reactions * How do ethical decisions tie into the profession of policing? Ethical decisions tie into the profession of policing by doing the right thing. In other words, ethical decisions are a set of standards that tell us how we should behave at all times. In addition, no one stands without a code of ethics; everyone has to follow their code of ethics based on their positions. For example, ethics are more than what we must do its doing what we should do following a code of ethics which requires self control at all times. Moreover, ethical decisions tie into the profession of policing by doing the right thing and seeing the difference between the right and wrong thing. These ethical decisions are very significant in the field of policing because each ethical decision has consequences. For example, when you do the right thing you can gain sacrifice, pride, integrity, reputation, honor, respect, caring, responsibility and satisfaction than doing an unethical decision and having bad consequences for your career. * In the scenarios above, and in general, why do you think it is important to maintain ethical and professional behavior in the workplace at all times. It is important toà maintain ethical and professional behavior in the workplace at all time, because it help you to have self-control, give fairness for all, and because it affects our workplace or business. Another reason of why ethical and professional behavior is important in the workplace at all times is important is because having a good conduct helps maintain a high level of respect not only for people but for the profession you have. In other words, as a professional, you need to know the things you should not do because each workplace has a different ethical code of behavior that has to be follow and not to be violate. On the other hand, being honest, having respect and telling the truth all times at work is an ethical thing to do. Maintaining an ethical and professional behavior in the workplace at all times, have benefits, which are helpful such as respect, integrity, and honor. Also each professional behavior has a result of progress, and success. Then, having an ethical and professional behavior is important because if you chose a career in criminal justice you have to serve and protect people from criminals by doing the right thing not by being corrupt. * Describe why it is important to understand the function of law enforcement within the criminal justice and how understanding this can better prepare you for a career within the criminal justice field. For example, if you chosen career function is corrections, how does law enforcement work with the correctional system in ensuring justice is served?
Wednesday, October 23, 2019
Change Management: The Komatsu Case
Organizations are in constant interactions with their environments.à A change in the environment will subsequently cause a change in the organization that interacts with it.à This change can be positive or negative, and in both cases, it alters the organizationââ¬â¢s status on many different levels.à Dealing with this change on all the levels is a key factor in minimizing disruptions to the organizationââ¬â¢s functioning and growth.à In other words, change management is ââ¬Å"a managerial and organizational process that realigns an organizations strategy, structure and process in pro-action or reaction to chaos in the environmentâ⬠(Worthy et. al., 1996, p. 16).à The process of change management, and how it influences an organizationââ¬â¢s strategy and management, is analyzed herewith in context of the Komatsu company.Brief HistoryKomatsu Iron Works was a subsidiary of Takeuchi Mining Industry, manufacturing industrial tools for the parent company.à I n 1921, the founder of the company, Mr. Takeuchi, incorporated Komatsu Ltd. as an independent company.à Komatsu originally manufactured mining equipment, but started making agricultural equipment such as tractors by 1931.à During the second world war, it was an important manufacturer of tanks, bulldozers, and other heavy machinery.à Post-war, Komatsu began focusing on the earth moving equipment (EME market).à In the 1950s, the companyââ¬â¢s machinery was in demand because of the ongoing postwar construction in Japan.à Although its customer base was strong at that time, Komatsu did not command a significant market share, and the quality of its machines was inadequate.à This was a major factor in customer dissatisfaction, however, the Japanese manufacturers operated in a protected environment at that time, with no significant foreign competitors.In 1963, the Japanese Ministry of Trade allowed the entry of foreign EME manufacturers in Japan.à This signaled a com plete change in Komatsuââ¬â¢s market environment.à Now the competition extended to foreign counterparts, most of whom had long been established as market leaders in the EME category.à The following sections discuss Komatsuââ¬â¢s strategies for managing these challenges, and how they dealt with change in the process.CompetitionMajor heavy machinery manufacturers like Caterpillar, J.I. Case, Fiat-Ellis and John Deere were all technologically more advanced than Komatsu, and had widespread dealer networks and manufacturing bases.à The most formidable competitor in the EME segment was Caterpillar, the worldââ¬â¢s largest manufacturer of heavy machinery.à Caterpillarââ¬â¢s equipment was much more sophisticated and of a higher quality, and its distributor and dealer network was very solid.à Komatsu realized then that it was imperative for the company to upgrade its products and operations, in order to survive the competition.The company was headed at the time by Yashinari Kawai, who recognized the urgent need to revamp the companyââ¬â¢s product quality, both technically and functionally.à In order to bring Komatsu products up to date, the company signed licensing arrangements with two major EME manufacturers, International Harvester and Bucyrus Erie.à This gave Komatsu the opportunity to improve the equipment quality for the agricultural and the industrial sector.In addition, Kawai implemented the Japanese concept of TQC (Total quality Control), which led to a huge improvement in the performance, reliability, and durability of the equipment.à This was one of the major change management challenges that Kawai handled successfully.à Kawai realized that in order to change the customersââ¬â¢ perception of Komatsu products, it was first necessary to change the employeesââ¬â¢ own view of the kind of products that the company made.Changing the mindset of every employee and incorporating the philosophy of uncompromised quality a t every level in the company required a strong, skillful leader.à Kawai manouvered this change implementation by open communication, reward, and most importantly, setting an example for all employees by involving everyone from the top management to the shopfloor workers, in this endeavor.à à When Komatsu was awarded the Deming Prize for quality control just 3 years later, it served as a huge morale booster for the company.Another major change measure implemented at this time was Project A.à In the first phase of this project, the employees were instructed to ignore costs and concentrate solely on achieving the best possible quality for their equipment.à Once this goal was achieved, the second phase of Project A was implemented, focusing on cost reduction.à Each and every aspect of design and manufacturing was closely scrutinized, checking for bottlenecks and wastage of resources.This resulted in a lean, finely-tuned manufacturing process, that complemented the high quality of Komatsuââ¬â¢s equipment.à From 1965 to 1970, the companyââ¬â¢s domestic market share grew from 50% to 65%, despite the presence of Mitsubishi-Caterpillar.à According to Kawai, this feat was achieved largely due to the employee morale and drive at Komatsu.à In his words, ââ¬Å"the prevailing atmosphere was that of a crisis, resulting in a spirit of unity between the management and the staffâ⬠.à This company-wide presence of a common goal took precedence over management and labor issues, and resulted in highly successful change management.Komatsu had implemented a two-pronged strategy to achieve success ââ¬â vertical integration and TQC.à Vertical integration meant that the entire line of business had to be perfectly aligned and free of defects, right from the bottom.à To ensure this, they started with quality raw materials.à The second aspect was TQC ââ¬â incorporating the philosophy of quality control everywhere and within everyone in the company.à Komatsu also extended the TQC strategy to its dealerships, encouraging them to implement the system.à This strategy of tackling the problem at the root and improvising upon it was the key to strong growth, and enabled Komatsu to offer formidable competition to Caterpillar ââ¬â accomplishing what other companies such as J.I. Case and John Deere could not.Business EnvironmentFrom the time Komatsu started implementing change, the business environment was constantly shifting, in terms of demand, cost advantage, and regulations.à By mid-1970s, the domestic market for EME was stagnating, with Komatsu having 60% of the market, and the Mitsubishi-Caterpillar partnership having 30%.à Growth was slowing down in the less developed countries too.à Komatsuââ¬â¢s management responded by developing the V 10 plan, aiming to reduce costs by 10% while improving quality.à In 1976, an unexpected event in the financial markets caused further concern.à The Ja panese Yen was appreciating rapidly against the dollar, rising from 293 in 1976 to 240 in 1977.à To cushion the companyââ¬â¢s exports, Komatsuââ¬â¢s management followed an internal exchange rate of 180 yen to the dollar.à This ensured that Komatsuââ¬â¢s costs and pricing were well-adjusted to the market conditions, and their exports did not suffer.à Komatsuââ¬â¢s policy of anticipating change and fortifying the company against any adverse effects again worked to its advantage.Problems faced by KomatsuExporting their equipment to other countries had always been a part of Komatsuââ¬â¢s vision.à This goal constituted the companyââ¬â¢s Project B.à With their improved and technically capable equipment, by 1970 Kawai was eager to launch major international operations for the company.à However, there were considerable barriers to this end ââ¬â Komatsuââ¬â¢s limited international recognition and dealer base, fierce competition, and legal regulation s.The technology license that it had obtained from International Harvester and Bucyrus Erie had imposed export restrictions on them.à Komatsu recognized this as an impediment, and established its R&D laboratory in 1966.à But there were still significant requirements for establishing an international market presence.à Caterpillar, for example, had its dealership centers across the globe, some of which were exclusive dealerships.à This made it difficult for Komatsu, with its relatively limited product line and manufacturing base, to create the required dealer network.à In order to overcome this obstacle, Komatsu priced its products 30 to 40 percent below Caterpillarââ¬â¢s.à This allowed them to get the intial foothold in the international markets.à Komatsu also benefited from the increased demand for construction machinery in less developed countres in Asia and Mexico, and in Saudi Arabia.In the 1970s, Komatsu had also started expanding its product line.à Ry oichi Kawai, now the president of Komatsu, made special efforts to build and develop international client and dealer relationships.à He also instructed managers to regularly visit customers, and get first hand information on their requirements and issues.à Keeping abreast of technological changes and being one of the first to adopt and incorporate new technology in its equipment was a key factor to success.Komatsu incorporated electronic technology into all its machinery, creating differentiated, high quality products.à In 1979, the worldwide construction industry was at a low.à To combat the depressed economy, Komatsuââ¬â¢s management launched the ââ¬Å"F and Fâ⬠or Future and Frontiers program, formulated to develop new products and new businesses.à Once again, a companywide buzz was created, and suggestions were welcomed from every level within the company.à These suggestions resulted in the production of diverse new products such as arc-welding robots and an excavating system for deep-sea sand.In the early 1980s, Komatsu objected to the export restrictions which still continued to be imposed on it by Bucyrus Erie.à Komatsu won this appeal and gained export rights from Bucyrus Erie.à It also managed to free itself from the agreement with International Harvester, and gained full freedom to export its equipment worldwide.à This was a major milestone for Komatsu, and the company took full advantage of its established quality and dealerships.à It also capitalized on the embargo that prevented Caterpillar from exporting to Russia in the early 1980s.à In 1981, the Siberian Natural Resource Project was handed over entirely to Komatsu.à In a short while, Komatsu was expected to outperform Caterpillar in the Russian market.As their international customer base increased, so did the need for customized equipment for different countries, based on the type of work, environment, and legal regulations.à Designing customized equipment for each customer separately was not cost effective.à To counter this, the management adopted the policy of EPOCHS ââ¬â Efficient Production-Oriented Choice Specifications.à The idea was to save costs by standardizing production modules for core projects along with the required number of parts, and adding different specifications as necessary.Around this time, the increasing freight and shipping costs, and Japanââ¬â¢s strained trade relations with the US and Europe were increasingly becoming a cause for concern.à It was during this time that the US automakers opposed the import of Japanese cars in the market, and Komatsu was fearful that a similar plea might be raised by Caterpillar and other heavy-machinery manufacturers. In order to curb these potential problems, Komatsu manufactured the core parts of its equipment in all its plants.à This reduced the shipping frequency as well as the freight costs.à It also developed assembly bases in Brazil and Me xico, and was working on a joint venture proposal with its dealer in Indonesia.Current Situation and OptionsThe case refers to the scenario in 1984, a period of recession around the world.à The building and construction industry was also affected, with most players assuming some losses.à The biggest source of concern for Komatsu, however, was Caterpillar.à Caterpillar had experienced its third consecutive year of losses, and was in the midst of a major labor strike.à Kawai knew that this was an opportunity to take over where Caterpillar faltered ââ¬â but it was also an indication of the increasingly difficultà business environment.à Witnessing a large, successful company like Caterpillar struggling to retain its position in the market, Kawai became concerned about Komatsu, and what it could do to avoid being in a similar situation.Komatsuââ¬â¢s options were centered around keeping a close watch on the market and on Caterpillar.à Komatsu employees were in the habit of reading Caterpillarââ¬â¢s monthly news bulletins and press releases, in order to stay informed regarding their competitorââ¬â¢s activities and plans.à Komatsu also realized the need to keep its labor force functioning, and continue keeping the costs down.à Their international operations also had to be strengthened at this time, capitalizing on Caterpillarââ¬â¢s compromised position.à à These options are evaluated in the following section.RecommendationsIn keeping with its established policy, Komatsu should place particular emphasis on anticipating change and devising measures to optimize the benefits while curbing the negative effects.à To an extent, it was complacency that had cost Caterpillar ââ¬â the managersââ¬â¢ priority was on increasing the customer base without addressing customer value or employee needs.à Therefore, managing labor relations is one of the most important issues for Komatsu.à The workers at Komatsu earn signific antly lesser than their counterparts at Caterpillar.à However, this is offset by high employee morale andà à strong labor-management relations.à Maintaining this status is extremely important for Komatsu, both in terms of employee productivity and controlling costs by minimizing overhead.The second recommendation for Komatsu would be to strengthen its international presence.à With the capital that it has accumulated, Komatsu is in a position to either buy out a number of smaller competitors, or acquire a successful ally.à This would further consolidate Komatsuââ¬â¢s manufacturing operations and distributor channels.à It should also continue its R&D efforts and product diversification plans, and stay ahead of the competition.à If necessary, Komatsu can form a joint venture with a company to ease the manufacturing and operations of diversified products.ReferencesWorley, C.G., Hitchen, D.E., & Ross, W.L. (1996). Integrated strategic change: How OD builds a com petitive advantage. Reading, MA: Addison-Wesley.
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