Thursday, December 26, 2019

China s Influence On The People s Republic Of China

When discussing Communism in regards to climate change and the importance placed upon its respecting policies it is perhaps best and most relevant to focus upon the People’s Republic of China. This is due to both China’s size and influence, along with its ranking as the leading producer of CO2 worldwide. Present day China is not a purely Communist country according to the teachings of classical/neo-Marxism or orthodox Communism. Rather it’s more of political Stalinism infused with market-oriented economic reform. Resulting from Deng Xiaoping’s attempt to save the country from Mao Zedong’s failing social and economics in the early 1970’s. This is important to note as this dissertation focuses not on hypothetical political ideological viewpoints, but rather on the real world implementation of said political ideologies. The ‘Chinese Communism’ views regarding the environment encompass the Marxist ideology on natural resources – that natural resources are free have no intrinsic value; their sole purpose is to serve, not to constrain humans. This holds true today even as China makes strides alongside other global superpowers such as the United States to curb climate change. This contradiction is accounted for as â€Å"the issues of climate change has elevated from a non-stream issue to perhaps the biggest and most important threat to national security.† (Ming-Teh, H., Liu, T. T. , 2011) Threats caused from climate change are largely due in part to China’s energy production andShow MoreRelatedChina s Problems Of Dystopian Society1426 Words   |  6 PagesChina s Problems Andrew Bond Ms. Underhill HELA November 21 2016 China has been the biggest economic structure for quite along time, but there are horrible reasons for these, and these decisions are made by the people s republic of china. The people s republic is China s government, and they make all the decisions.A dystopian society is an unbalance in a nation about the people and the government; such as china, the people s republic of china, or their government, makesRead MoreChin China s History1152 Words   |  5 PagesChina China’s history dates back to four thousand plus years. In that time, China has created a culture rich in philosophy and the arts. China has made amazing technological advances such as silk, paper, gunpowder, and many other products. Chinese records reach over five thousand years back. It is difficult to cover even the most important events of this old society in a short space, yet here are some highlights. The first dynasty to rule China was the Shang Dynasty (1600-1046 BCE), followed byRead MoreChin Culture, Economic, Political, Military Perspective1060 Words   |  5 PagesChina: culture, economic, political, military perspective Class 13D 003-17 SGT Moreno, Adam Introduction China is a nation in East Asia whose vast landscape covers grassland, desert, mountains, lakes, rivers and more than 14,000km (8699.1967mi) of coastline. China borders 14 different countries; Afghanistan, Pakistan, Vietnam, North Korea, Russia, Bhutan, Burma, Nepal, Laos, Kyrgyzstan, Mongolia, Tajikistan, Kazakhstan, and India (Kallie Szczepanski). The capital Beijing mixes modernRead MoreEducation And Development Of Special Education949 Words   |  4 Pageseducation in China. Special education schools emerged in the late 19th century with special schools that served those who were blind and deaf (Deng, Poon-McBrayer Farnsworth, 2001, p. 289-290). â€Å"Education for individual with mental retardation or other disabilities was nonexistent† (Deng et al., p. 289-290). The foundation of the People’s Republic of China established in 1949 is often considered the actual start of special education services in China. From the 1950’s to 1980’s, the Chines eRead MoreChina Between The Republic Of China1661 Words   |  7 PagesAfter The Chinese Civil War ended in 1950, a separation of ‘‘old’’ China between the Republic of China (ROC, commonly known as â€Å"Taiwan†) and the People’s Republic of China (PRC, commonly known as â€Å"China†) created legal and political dilemmas (Hsieh, 2016). They both declare the island of Taiwan is an integral part of their territories. Until the 1990s, Taiwan was able to conquer her diplomatic isolation by expanding the international trade and investment flows to all of her business partners regardlessRead MoreChin Torn Apart Or Mended By The Rule Of Zedong1452 Words   |  6 PagesChina: Torn Apart Or Mended By The Rule Of Mao Zedong There is controversy whether the rule of Mao Zedong was beneficial or destructive, though by looking into the depths of history the answer is revealed. As Mao Zedong took control over China on October 1, 1949, he immediately installed many reformations to China’s economy, culture, and government. These reformations proved to be devastating towards the people of China. After decolonization Mao Zedong’s enforcement of communism and internationalRead MoreOver The Course Of History We Have Seen Examples Of When1127 Words   |  5 PagesOver the course of history we have seen examples of when news and entertainment shapes how people view the world. However, sources of that information is bent, altered and ratified in order to fulfill an agenda. The four reasons to spy is, money, ideology, coercion and ego, over the course we have observed how espionage has shaped the world and what is their impact on societies. For this essay three particular pieces of media spanning across decades, will be observed, all are centered on the themeRead MoreThe Issue Of The Island Territories Within The South China Sea And The Subsequent Buildup Of Naval Forces1347 Words   |  6 PagesThe Disputed Island Territories within the South China Sea and the Subsequent Buildup of Naval Forces The territorial disputes in the South China Sea have been a minor ongoing issue with multiple sovereign states, most notably Brunei, the Peoples Republic of China, the Republic of China, Malaysia, the Philippines and Vietnam, claiming overlapping territory in the Spratly Islands, Paracel Islands and the area around the Gulf of Tonkin. The overlapping claims began in 1876 with China’s earliest documentedRead MoreThe Development Of Chinese Popular Music And The Legend Pop Star Jay Chou1627 Words   |  7 Pages7/24 /2015 Introduction When talking about China, people from other countries associate China with the Great Wall, the Terracotta Warriors, the Summer Palace, other landmarks. Chinese music is as an important part of Chinese history and culture but it seldom mentioned when people think about China. The history of Chinese music has the same age as Chinese history and culture, even 1,300 years before the construction ofRead MoreThe Soviet Union s Puppet1377 Words   |  6 PagesThe Soviet Union’s Puppet â€Å"The only course for the Chinese people is to remain determined to go on fighting side by side with the Korean people†¦ However many years U.S. imperialism wants to fight, we are ready to fight right up to the moment of complete victory for the Chinese and Korean people,† Mao Zedong said on February 7, 1953. Before 1950, China had very little to do with North Korea. North Korea s Communist government was set up by its leader Kim Il Sung, with the help of the Soviet Union

Wednesday, December 18, 2019

Unemployment Poem Unemployment Summary - 1570 Words

Every poem constructs a perception for every reader and most readers will have a different outcome from one another. In the poem Unemployment, written by Fatimah Asghar, the author adds many hidden messages and symbols in the poems for the readers to uncover, and in a lot of times it tends to be difficult. Many poets will use their personal experiences to convey the message across to the audience. It is still difficult for readers to understand the poem right away, as many poetry are needed to be reread many times to understand the information that the poet is trying to get to the reader. In the poem Asghar uses her own personal experience or a experience of another women and makes symbols to depict a picture of what it like to love†¦show more content†¦Praise the lumpy back fat, the quiet cellulite, the tiger marks across your thighs, that even though you are starving, (Asghar 4-9) Even though the hair on her leg is not shaved or smooth as the standard in society for women she believe one should not care, but to accept it. More sheep than women is saying the hair on your body does not define who you are as a women, it is not to say Asghar do not believe in not self grooming but to embody what you are born with and not hate your own body for it is a gift. Fat and stretch marks give character to the individual s body and should not be looked down upon, but instead other women should encourage one of another from negative comments lowering one’s self esteem. Asghar justifies that people should love the skin they are born with instead of changing themselves to look better physically. What defines a person isn’t what’s on the outside but within. Asghar wants women to love themselves for what they have and not the superficial aspects of life. The definition of beauty is complex, everyone has their own definition of what beauty holds. There are advertisements on how a woman should look and many follow onto those beliefs. Women are too skinny, one part is too small, another part is too big, the perfect woman’s beauty that our society created is impossible and not achievable. Models that appear onShow MoreRelatedClancy of the Overflow vs in Town by Dyson1417 Words   |  6 Pages Firstly, I will give a brief summary on each document. ‘Clancy of the Overflow’, written by Banjo Patterson was an Australian ballad about a droving bushman and the imaginings of his rural lifestyle. It was first published in 1889 in the Bulletin; a newspaper that supported radical nationalist ideologies. The poem romanticizes country life and shuns life in the city. The second document was written in 1896 by Edward Dyson, and is entitled ‘In Town’. This poem was written in first person and expressesRead MoreSample Resume : Dublin City University Essay2132 Words   |  9 Pages HIS2 Tutor: Dr Barry Whelan Content Assignment Report Form 3 Essay 4 ?What were the causes and motivations behind the ?Scramble for Africa 4 Bibliography 11 Assignment Report Form ASSIGNMENT REPORT FORM Student Name: Anita Hilderink Summary of Performance* Performance Components Bands Excellent (H1) Marks range: 70-100% Very Good (H2.1) Marks range: 60-69% Good (H2.2) Marks range: 50-59% Fair (H3) Marks range: 40-49% Weak Marks range: 35-39% Poor Marks range:Read MoreApproaches to Reading and Literary Texts in Teaching English as a Foreign Language - Then and Now6307 Words   |  26 Pagesskills (OECD (2010), PISA 2009 Results: Executive Summary, pp. 3, 6-14). RiShawn Biddle (2010,  ¶1), the editor and publisher of Dropout Nation – a leading commentary website on education reform in the USA, points out that in the United States, boys drop out from schools as a result of their deficiency in reading comprehension. He adds that the deficiency in question in most cases leads to truancy, school drop-out and consequently to unemployment and crime in adult life. Reading comprehensionRead MoreA Brief Note On The Soviet Revolution Of Russia Essay9167 Words   |  37 Pages Country Notebook Of Russia By syed abdul ahad @01374849 Executive summary Russia was previously known as the Ussr , Ussr was a communist regime in which the government had held a lot of power and there were no free markets , it had major issues such as corruption this was shown in world war 1 under the czarist regime the failure of the Ussr led to the creation a Russia as we know today . The modern Russia is a thriving country with great technological advancements in nuclear physics , theRead MoreNatural Disasters Essay4748 Words   |  19 PagesExclusive summary: Nowadays, people around the world are affected by natural disasters. These may be caused by climate change such as drought, flood, and cyclone, the environment such as pollution, deforestation, desertification, pest infestation or combinations of these, or the destroy of ozone layer will contribute to the green house effect. Peoples homes are wiped out and livelihoods are destroyed. Poverty, population pressures and environmental degradation mean that increasing numbers of peopleRead MoreEssay on Judicial Precedent5387 Words   |  22 PagesQuestion 14, where Shakespeare was the only named example across the range of the arts. Lengthy answers did show the need to edit, with particular reference to concluding paragraphs. These should not be mere repetition of entire sentences but a summary of points made to demonstrate a balanced assessment, or the main thrust of opinion expressed and supported. Some essays contained long lists of questions. The single question can be an effective means of gaining attention, but if the techniqueRead MorePopulation Problem in Bangladesh14871 Words   |  60 PagesEnglish. In our boring television is our most favourite friend.10 Mutation of words is not the only factor that creates contradictions. Crass oversimplification of is another. The second sentence, below, probably once began with the word ‘avoiding’: Unemployment is a great social evil. It is imperative for the peace and prosperity of social life.11 Spellcheckers have sped up of the process of ‘correction’ of errors, and allowed it to be carried adding another sort of error to the mix: Measures should beRead MoreThe Effects of Conflict Management on Employee’s Performance10925 Words   |  44 PagesEuropean tourists as well as the unfavorable sex tourism found along most beach areas. Resulting to the sex trade Mombasa is challenged with a high prevalence of HIV/AIDS, while also dealing with severe issues of water pollution, waste management, unemployme nt, drug abuse and thousands of orphaned children due to the AIDS epidemic. [pic] Mombasa’s North beach Interms of geography and climate Mombasa being a coastal city is characterized by flat topology. The town of Mombasa is centered on Mombasa islandRead MoreLanguage of Advertising20371 Words   |  82 Pages Moscow - 2010 Summary The peculiarities of advertising language are the subject of this graduation paper. At the beginning, in the first chapter is given a general definition of advertising language, its history. The second chapter is types of advertising (consumerRead MoreA Picatrix Miscellany52019 Words   |  209 PagesA PicA Trix MiscellAny Underground Edition 2007 e.v. CONTENTS On the Picatrix I. Introduction to the Picatrix (The Aim of the Sage) of al-Majriti, Maslamati ibn Ahmad II. Summary of the Contents of the Picatrix III. Excerpt from a Lecture on Alchemy by Terence McKenna On the Moon and the Lunar Mansions IV. Extracts on the Moon V. The Mansions of the Moon: â€Å"On the Creation, Proportion and Composition of the Heavens for the Fashioning of Images† VI. The Picatrix: Lunar Mansions in Western Astrology

Tuesday, December 10, 2019

Integrity within American Business Organizations free essay sample

A look at how to restore confidence in the integrity of American business organizations. Using Enrons collapse as a background, this paper endeavors to arrive at the restoration of integrity within American business organizations. It scrutinizes the reasons for Enrons downfall in the light of the auditing business, looks at their law firms role in the collapse and Enrons lack of 401(k) diversification. The paper concludes with proposals for restoring integrity within the American business arena. The fallout from Enrons collapse will influence our business systems and economy for years, maybe even decades. More importantly, the collapse will shape the American business communitys psyche in ways we have only begun to imagine. Before its collapse, Enrons value rivaled Maylasias GDP: when an entity that large implodes, there are bound to be side effects and repercussions through almost every facet of the economy. The hardest hit sectors, of course, will be institutional investing and accounting and auditing practices: a thorough examination of how company 401(k) retirement funds are managed will be necessary to determine why so many aging working Americans suddenly lost almost every penny of their 401(k)s their hope and their familys hope for their retirement years, just around the corner when Enron collapsed. We will write a custom essay sample on Integrity within American Business Organizations or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Accounting companies who combine their services with consulting services not just Arthur Anderson: every accounting firm does it at least to a certain extent, Anderson just happened to get caught will need to be checked and after years of congressional grumbling, this time it may actually happen.

Monday, December 2, 2019

Porters five forces free essay sample

Porters five forces help identify their attractiveness in the industry in terms of the five competitive forces which are:The threat of entry: Barriers to entry are the factors that need to be overcome by the new entrance if they are to compete in the industry. Many pharmaceutical companies are progressing in the market by shifting from traditional business approach to emerging new business approach. The new business technique includes contract research (drug discovery and clinical trials), contract manufacturing and co-marketing alliance.The threat of substitutes: Substitutes are products or services that offer similar benefits to industries products or services by different process. Substitute can reduce demand for a particular product as customers switch to alternatives. The simple risk of substitution puts a cap on the prices that can be charged in an industry. Generic manufacturers do not incur the high cost involved in research and development and regulatory activities such as FDA approval and clinical trials. We will write a custom essay sample on Porters five forces or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The power of the buyers: Buyers are the organizations immediate customers, where buyers are powerful they can demand cheap prices or products improvements liable to reduce profits. When buyers can easily switch between one supplier and another they have strong negotiating position. Pharmaceutical industry has one unique feature that the buyer is different from influencer who is a doctor. The consumer has no option but to buy drug as prescribed by physician. Therefore, the bargaining power of patient is very low. The power of the supplier: Suppliers are those who supply the organizations with what they need to produce the products. Where just a few producers dominate supply, suppliers have more power over buyers. If it is expensive to move from one supplier to another the buyers become dependent and correspondingly weak.Competitive Rivalry: Due to increasing demand of high-quality drugs, low-to-moderate entry barrier to the new entrant, the presence of a number of large and small firm this market is highly competitive.2. The two external industry changes that might have affected companys profitability within the Pharmaceutical industry are :Political Regualtions: The global pharmaceutical industry is currently in a dynamic state due to the rise in the number of partnerships, mergers, and acquisitions that have taken place in the past few years. Therefore the political changes across the globe are set to make things more uncertain. This has a direct influence on the profits of a pharma company. The tax regulations, price control, drug regulations by government play a key role in deciding the profits of a firm.Economic Conditions: The well-being of the pharmaceutical industry is dependent largely on the economy. The main factor that affects the industry is employment because a majority of people receive health insurance through their employers. However, other economic factors such as the number of people who are uninsured or underinsured and the recent government stimulus plans also affect the industry.3. Pharmaceutical industry has always been an attractive industry. When the challenge of affording prescription drugs is raised, pharmaceutical manufacturers often argue that steps to reduce prices will lead to less innovation in the future. This response presumably applies to policies that use the market, such as shortening periods of exclusivity and making approvals of generics more rapid, as well as regulatory tools such as price controls.Pharmaceutical innovation has produced an enormous amount of social value. The evidence on this point is strong and comes from multiple sources. Studies of disease-specific spending on prescription drugs, macro-comparisons in the United States, and international comparisons have all pointed to high social returns with respect to longevity and functional health outcomes.Those benefits from pharmaceutical innovation stem in great measure from patent policy and the granting of marketing exclusivity to new drug products.Drug company profiteering is also on display when it comes to off-label prescriptions, which acc ording to Forbes accounts for nearly 20 percent of all prescriptions and brings in $40 billion in sales annually. Surely, these companies would remain enormously profitable by simply sticking to FDA-approved uses for their drugs. Porters Five Forces free essay sample Porter’s Five Forces which categories into 5 segments, is a modern competitive strategy to look at the larger value system of activities and actors in order to evaluate the potential of an industry and understand the effective competitive strategies. Suppliers and Buyers, and not only direct competitors, affect both how much value is created and who gets the share of the value created by the value system. Potential Entrants Unilever faces low threat of new entries since the market has been more or less gained Economies of Scale with a few of the big companies like PG, Kraft and Nestle. Wtih such barriers to entry, it makes new comers coming into the industry very difficult in terms of survival. High product differentiation enables Unilever to command a price premium while deterring new entrants since their customers recognized their brand names whereas start-up entrants are relatively unknown. Such industry is also capital intensive, requiring big amount of capital to operate. We will write a custom essay sample on Porters Five Forces or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Being capital intensive and existing high switching costs acts as the barriers to exit. Bargaining Power of Buyer With intensive rivalry for market share within the big companies within the industry, buyers had gained significant power in deciding which products of which company to choose from. Switching costs are low for buyers since they can easily find substitutes easily, for example a consumer can switch from using Persil Capsules to Ariel Liqui-Tabs (both are liquid detergent in the form of capsules, having Persil manufactured by Unilever and the later by PG.. Buyers incurred low costs in switching suppliers since they hold more power over them. Bargaining Power of Suppliers Unilever has a low supplier power since it has been believed that a brand manufactured by whichever company does not make a difference and it should not make a difference, because the retailer has to take a decision with regards what is best for their shopper and having brands on the shelves that do not sell does not do anything for the shopper, no matter who manufactured the product. Since, their business to business customers at the same time still preserve supplier-customer relationship; they too have powers over Unilever in deciding which products they choose to be placed on their shelves. Power of Substitutes With intense competition within the fast moving consumer goods industry by the few big companies, especially PG, with regards to Unilever’s Home Care and Oral Care products; substitution power of the consumers have increased tremendously. Although by having product differentiation has created chances for suppliers to command premium pricing, there may be a point where they would hit a saturation point whereby growth will slow down and branding becomes arguably the leading form of product differentiation. With the modern market flooded by all sorts of brands for both Home Care and Oral Care products, substitution is made common among consumers when they take pricing versus quality into consideration. At times in recession, price may make a bigger impact in consumer’s choice. Power of Other Stakeholders With the recent Melamine contamination case, health and food authorities all over the world has taken a stamp in reducing such health pact on its population by increasing their attention in checks on both Oral Care and Home Care products, even though they are not consumable products. Unilever is also accountable to the shareholders in maintaining a social responsible image. Higher restrictions from government bodies may mean higher cost of production in certain products which may require higher quality ingredients. More stringent checks may also mean a delay in shipments towards delivery schedules which results in customers dissatisfaction or shelf replacement lead time. Rivalry Among Existing Competitors Unilever is operating within the Fast Moving Consumer Goods industry which is mainly operated by a few large companies like Procter Gamble (PG), Kraft and Nestle. Zooming into just Home Care and Oral Care products, there is a fierce rivalry between Procter Gamble and Unilever. Both companies needed to compete against each other for a bigger piece of pie within the market. Porters Five Forces free essay sample Discuss Porter’s five forces theory of market competition. How does strategic group analysis provide a refinement to the five forces model? Key words here are: -discuss -Porter’s five forces -strategic group analysis -refinement of it(improve it yaani k extra benefits of strategic group analysis compared to five forces) Strategic decisions have always been a vital part of business as ever since their conception but the word strategy is barely mentioned pre 1960s. However, the concepts of strategy were linear and largely inefficient before the 1980’s and Micheal Porter’s contribution to modern businesses. He presented many theories and â€Å"models† on how to improve decision making and gain competitive advantage in the market. One of these models was the â€Å"five forces analysis of industry attractiveness† which said the â€Å"attractiveness† i. e. profitability of an industry or market is based on five factors which are: Threat of new entrants l Bargaining power of supplier Rival firms(competition) bargaining power of buyers l Substitute firms(if you make butter, they make margarine and might steal your customers) What this means is the industry should be judged or analyzed by viewing these five factors and comparing them to find out how profitably it can be. We will write a custom essay sample on Porters Five Forces or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The centre point of this seems to be the competition from similar firms in the industry and this depends on a certain factors like how differentiated or homogenous the firms are, more homogenized they are the more they are affected by the change in one firm e. g. similar soap making companies exist, selling at almost identical prices and market shares but suddenly one firm launches a half price deal for buying two soaps. The other firms will have to react with a similar deal or there is a serious threat to lose customers. Also changes in demand must be viewed as an increase in demand signifies higher potential for success. The second factor to analyze is threat of new entrants i. e. new companies starting up in your industry/market. This is different from competition as new entrants will not be as established or known as the current competing firms and they have to be competed with in different ways. The threat of new entrants depends on the barriers to entry and this will vary from industry to industry. For example in the catering business the barriers to entry will be fairly low as starting a small catering company will not require much capital or paperwork as compared to starting a nuclear power generation company, which will have many barriers to entry such as high capital, lengthy paperwork and rigid inspection, to name a few. Another factor is indirect competition from substitute firms who make products different to ours but they fulfill similar needs. An example would be butter and margarine or light bulbs and fluorescent tubes (tube light oi! . many times the demand will overlap but if the industry has little to no substitutes, the firm supplying to it can charge higher prices and vice versa if there were high substitutes available. The fourth factor to keep in mind is the bargaining power of suppliers. This means how much the firm can negotiate with the suppliers and this depends on various factors such as the availability of substitutes and how many clients they have and th eir percentages of sales will affect how much they can negotiate(how important of a customer they are) e. . firm A buys 80% of Firm B’s products so it will have more leverage in negotiating as compared to firm C who only buy 20%. Another factor affecting bargaining power of suppliers is how high the switching costs are, this is largely dependent on how differentiated or unique the supplier’s product is. Also the ability of the supplier to forward vertical merge(become direct competition) and the firm’s ability to backward vertical merge(become its own supplier) affects the bargaining power immensely. The last factor of the Five forces model is the bargaining power of buyers. This is similar to bargaining power of supplier but the roles are switched, and the firm is the supplier. The buyers have a high bargaining power when there are many firms producing the same products, i. e. high competition. Also if the buyers are buying larger quantities of a firms output they will have leverage in deciding prices. Also if the firm is largely dependent on the buyer such as the native craft ndustry in most countries is highly dependent on tourism, any change in tourism greatly affects them. Also similar to bargaining power of suppliers, if the buyers can backward vertical merge and secure their own supply easily, they will have more negotiating power. What the five forces model does is it’s a easy and relevant method to organize various chunks of information under one roof to be understood quickly. This helps in the development of competitive advantage as the managers begin to think of strategic decision making in a wider sense. It is best if the five forces model is used several times on various levels such as a different managers working on the analysis of the industry as a whole, a certain segment and then the industry as it will be 10 years in the future, and then use the three analysis to help in planning and/or decision making. Even though the five forces model is a strong management tool, it does have many limitations and should not be used as a stand-alone, step by step guide. The first of the limitations is that usually the model is used in a static manner, i. e. ow things are right now, and this limits the firm greatly and might not prepare it for change. Also its qualitative in nature, which is not a completely bad thing but it does make it very hard to measure anything and because of this it is very difficult on how to give importance to each factor as they will not always be equal in importance. Also the vastness of reality makes it hard to find out everything about everyone in the industry. The five forces model is also very paranoid in nature, discouraging every kind of risk , sharply cutting down most profitable options. This is mainly because the five forces model does not account for networks or alliances. However this does not mean the five forces analysis is a waste of time, in 1995 Mcgee, Thomas and Pruett proposed an improvement to the earlier model in several ways. They argued that in reality all businesses in any industry will have certain differences and in most industries every business was focusing on a certain â€Å"niche† or segment of a market, thus succeeding at profiting. This concept based off the five forces approach, analyzing the industry’s various factors mentioned in the five forces model. It addressed the basic idea of competitive strategy which is to offer a product/service to the market which has or is presumed by the market to an advantage over competitors. This can be done by satisfying a niche not previously satisfied by another product/service. For example low fat milk when it was not previously available. This approach states that the industry is divided in â€Å"strategic groups† and entry barriers exist WITHIN the industry in resulting in the strategic groups and keeping them from merging. Some of these factors are capital costs and legal barriers to entry(in the form of patents or legislation). A strong example of this is seen in pharmaceuticals and the automotive industry. Many small companies exist; even thrive in the presence of giant multinationals, all producing â€Å"medicine and transport devices† but satisfying different niches. According to Strategic group analysis a firm must not focus much outside of its strategic group as the other strategic groups won’t be strong enough threats compared to rival firms within the strategic group or new entrants within it. To put this in perspective we can look at the automobile industry, Mercedes should not be bothered about another company like Suzuki even though they both make cars. Mercedes is clearly defined as producing luxury high performance cars and Suzuki is clearly defined as economic, easy maintenance and affordable by most. Mercedes potential clientele won’t be affected by Suzuki as the products are for different needs, however Mercedes would have to keep an eye on other companies with similar luxury/high performance products (Audi, Rolls Royce etc). The strategic group analysis approach is almost identical to Porter’s Five Forces model as it too analyzes the industry, the competition, power of supplier/buyers etc, but it is more effective in real business situations because of its nature to focus down to the immediate strategic group. This shows a truer picture of the business world, especially where the products are more differentiated. It reduces some of the five forces â€Å"paranoia of risks† as indirect competition from other strategic groups is not focused on, making it easier for the managers to make profitable decisions thus making the five forces approach more relevant.