History Of The Leader George Patterson History Essay

History Of The Leader George Patterson History Essay Influencing people to achieve positive results is known as Leadership. A leader helps us to effectively tackle the most difficult task of our world and inspires others. They develop themselves beyond self-actualization stage, lead differently and for different purpose and they dont follow any rules. However all the good leaders have some extraordinary skill which suites there personality. By doing the leadership assignment its gives an opportunity to understand about leadership styles, its theories and also I will be able to analyze a true leader and also his qualities. This assignment will give brief information about General George Smith Patton; he was a former US army officer. His policies are implemented in the modern world because of his leadership qualities which are well known. By using some important theories of leadership we will be able to understand his leadership qualities, leadership style and analyze his leadership skills. His leadership style used to change as the situation changed which is very unique. I would want to implement some of his leadership styles in my life. Patton was one of the Great Soldier in the battle field. Analyzing and Understanding his leadership qualities are very motivational and interesting. He has been considered as one of the greatest leaders of modern times.   I was inspired by the way Patton was commanding his team. He trained the team such a way that they will never give up. They maintained discipline and also were know as the best brigade of AFC. Pattons military skills, ideas, dedication and motivation made me chose him as my leader for this report. George S Patton Leadership Patton had demonstrated the leadership power which has changed the world around him; he was one of the greatest and the rarest leaders of all time. His leadership qualities are very interesting and motivating. Patton was a Great leader, his leadership qualities are still being used in the modern days. Analyzing his leadership qualities is very motivational and interesting. He has been considered as one of the greatest leaders of modern times.   I chose Patton as my leader since I was inspired by the way he was commanding the US military team by his immense skills, ideas, dedication and motivation. His team members were trained in such a way that each member of his team had never give up attitude and all his team members were disciplined. Patton team members were named as the best brigade of AFC. Introduction Modern Leadership The modern world is very competitive and is driven by knowledge. Due to innovation the traditional style of leadership is giving new ideas in a better way. Leadership will always play a huge role in the competitive world, since a leader can achieve his targets by innovative ideas each and every day. Motivation, Innovation, Dedication and Discipline are the basic qualities in a leader in todays corporate world. This project involves an in-depth study of the life and times of Mr George S Patton, focused on his evolution and development as an innovative, ambitious, assertive, leadership quality. These qualities and the skills are best suited for an ideal leader in the modern corporate world. I would want to learn the leadership styles and qualities which are motivate and realistic. The project work draws from Mr Pattons historical data and attempts to go beyond the notion of a one-man show and issues of fame, power, status and charisma. It will also address and incorporate criticisms of Patton as a leader. Contents Contents 3 1.Executive summary (200) 4 2.Introduction (200) 5 3.Key leadership capabilities (1200 Words) 9 3.1.Leadership strengths of George S Patton 9 3.2.Leadership weaknesses of George S Patton 9 3.3.Analysis of George s Pattons leadership capabilities and styles 9 Death 11 4.Conclusion (900) 12 Executive summary (200) Introduction (200) Context and Background of George S Patton (900 words) Patton history General George S. Patton Jr is one of the most masterful and successful military commander of all time, he was the most gifted leader of his time. He was born on November 11, 1885 in San Gabriel California to Ruth Wilson and George Smith Patton Sr from Scotland. Patton was big built, very tall with full self-confidence person and he was the best field commander of United States since he had the art of holding gun with ivory handles. He had set a high standard of commitment to train his troops by continues efforts. Patton was inspired to become a hero in his childhood by listening to stories of his ancestors who fought in Civil War, Mexican War and other. After attending Virginia Military Institute for one year he went to United States. Patton graduated on 11 June 1909 from United States Military Academy. During his graduation days he fell in love with Beatrice Ayer, they used to date each other and later they got married in May 26 1910 at West Port. After his graduation he was assigned as a Second Lieutenant in the 15th cavalry Regiment. Patton was extremely good in sports. In 1912 he participated in the Stockholm Olympics representing the United States in the first Modern. At the age of twenty-six Patton performed well in different sports such as 25 meter pistol shooting, free style swimming, and horse riding 800 meters, cross country running and sword fencing. At the end of the sporting event Patton was placed fifth overall, however he was disappointed with his performance in shooting event. Initially this sporting event was opened for military officers to test the fitness level of the officers. During the competition Patton was docked for missing the target, though he contended the lost bullet had simply passed through a large opening created by previous rounds from the .38, which left considerably larger holes.  In 1913 Patton started studying French sword drills at French cavalry school to keep himself busy after his perf ormance at the Olympics. The commandant of mounted service school informed Patton to report as the sword master of the school at fort riley, Kansas. Patton used to study at the school and he used to design and teach swordsmanship. During the expedition of Mexico Patton got his first real opportunity to battle as a member of legendary General John J. Pershings staff. Patton led the routine cavalry patrols at fort bliss along Mexican border in 1915. Patton gained a lot of recognition by the press after his expedition against Francisco pancho Villa into Mexico along with the company of Pershing, where he attacked on villas men. While returning from Mexico Pershing promoted Patton as the captain of his headquarters troop, since he was very determined and an aggressive person in nature. The tanks were not used widely during the beginning of the World War 1 in 1914. United States Tank Corps was established during 1914 and Patton became the first member, he served until 1920 since the corps was abolished. Patton took full responsibility of the crops starting from designing their uniforms, innovative ideas, and planning. In 1917 during the first ever major tank battle in 1917 at Cambrai, France, Patton and his men won the battle. Patton started the American tank school in Bourg, France, he used all his experience and knowledge of tanks and he trained the first 500 American tankers. Patton had intensive knowledge in tanks he termed tanks as the modern combat; he did a lot of research and experiment in radio communication between tanks which helped to create co-axial tank mount for machine guns. He wrote a lot of letters to congress about radio communication in tanks, but congresses were not happy since it was very expensive. Later Patton invented the co-axial tank mount for cannons and machine guns. In September 1918 Patton and his men marched into Meuse-Argonne Operation, they entered the battle field with 345 tanks. Patton had complete control in the battle field since he was able to communicate with the rear commanders by group of runners. Patton was shot once while he was giving the direction for the tanks. Patton was rewarded with Distinguished Service Cross for Heroism for his actions during the battle, which is one of the many awards that he won in his carrier. In Hawaii and Washington D.C. Patton held different types of staff jobs after World War I. In 1924 Patton graduated from the Command and General Staff School, and in 1932 completed his graduation in Army War College in military schooling. Patton was able to convince the congress that United States needed more armored striking forces. In 1940 Patton was transferred to second Armored Division at Fort Benning, Georgia and he was late he became the Commanding General on 11TH April 1941, due to the formation of the Armored Force in 1940. Later Patton started giving bold speeches in amphitheater such as Blood and Guts, he became very famous at this point of time as his photos were on the cover page of life magazine. After the attack on Pearl Harbor in 1941 December United States entered World War II. Patton was in charge of Western Task Force during November 8, 1942. Patton was commanding the Western Task Force, the only force for Operation Torch, the Allied invasion of North Africa. During Sicily in 1943 July, Patton commanded the Seventh Army after the success of Operation Torch. In 1944 Patton was given command of Third Army in France. Later German weakness was exploited with great success by Patton and his team after the battle of Normandy by covering most of the Europe countries such as France, Belgium, Luxembourg, Germany, Austria and Czechoslovakia. Patton relaxed on his pace after the Third Army liberated the Buchenwald concentration camp. The local German civilians were the tour camps after Patton had a policy which was later adopted by other commanders; 81,522 square miles of territory had been conquered by the third army during the World War11. In 1945 October, Patton was in command during the fifteenth army in American-occupied Germany. On 9th December Patton suffered a lot of injuries in a car accident, and after 12 days on 21st December he died. He was buried in the Battle of the Bulge in Hamm, Luxembourg.   Patton is one of the best military general in the history since he had the remarkable ability, extraordinary skill and determination to lead his team mates. Key leadership capabilities (1200 Words) Leadership strengths of George S Patton Leadership weaknesses of George S Patton Analysis of George s Pattons leadership capabilities and styles Leadership Strengths of George S Patton Patton had an exceptional military career, he was a self motivated warrior and he believed in rebirth as a warrior of destiny. Pattons military services started in 1909 and after his graduation he was named as the 2nd deputy in 15th cavalry. After his Olympics success he was sent to Mounted service school at Kansas. Patton set up his policies and ideas at each and every division he visited. Patton was driven by task and purpose attended the Virginia military institute. Patton used to always inspire his soldiers to overcome their fear of death by his Inspirational talks and his profanity. He used to always order soldiers to get the work done, because he always demanded respect by his actions. (DEste, 1995) During the expedition of Mexico Patton has achieved many rewards and recognitions during his career; he was a part of World War 1 and World War 11. Some of his awards are Distinguished Service Medal, Purple Heart for his service in the Meuse-Argonne Operations, Silver Star, Legion of Merit, the Bronze Star, order of the Bath and Order of the British Empire. Patton had a good knowledge in the symbols of society, nature of human race. He was a dictator; this dictatorial leadership style helped him to teach the soldiers to take actions against their will towards self defense. He was an expert at the combination of chronological and action research, on the battlefield, real time.   Patton got the best performance of his soldiers by rewarding the solders for best task performers; similarly he suspended rewards as a penalty. Through his commanding presentation Patton had maintained a referent power. Patton had a skilled influence as a warrior; he viewed history as a linked process of routine custom and character of human race. He was a specialist at battlefield, action research, and real time. He was the only US General being buried on foreign soil with his men in Europe, the soldier who dead during the war on the same plains were always been remember unlike Carthaginians and the Romans. Patton has the power of dominating and he was able to understand the need of men who are preparation and who were not prepared going into the war as a situational leader. Pattons action speaks louder than his words, and this makes a hero that creates legends of an idol leader. Pattons men were more concern about him than their rivals by this strategy adopted by Patton, and he gave his men the skill to overcome their enemies, because Patton had a plan which influenced his men by fear. Patton was in trouble few times in his career since his leadership style was very different from other leaders, he never changed his mind. Leadership weaknesses of George S Patton Slapping incident In 1943 August 3, Patton had slapped a soldier. Drew Pearson a newspaper columnist informed in the radio program that Patton had been severely reprimanded which received a huge negative publicity, a week later another soldier was also slapped under parallel conditions. The Allied headquarters informed that Patton had not been reprimanded, but they confirmed that he had slapped a soldier; this slapping incident nearly ended his career. Patton had a lot of respect for the soldiers in command and he was very impatient with the soldiers who had low energy in the battle during his authority. By doing so Patton believed he would be able to inspire his troops. One of the general was fired during the entire war compared to his well-known partner Bradley who fired many generals during the war. Patton never used to acknowledge any jokes meant at him, since he felt that accepting jokes would reduce his self-esteem. Patton had made a remarks during the battle of the bulge which became very famous i.e the associates should permit the sons-of-bitches (Germans) depart to Paris, and then well slice then off and surround them off. Later his recommended seriously that his Third Army we be able to force the British back into the sea. There was a lot of inter-related conflict due to Pattons remarks between General Montgomery and the Soviet Red Army; these comments were rarely harmful due to union rivalry situation. Patton was very well dressed general with riding pants, polished helmet, big black boots and his famous sidearms. He had huge ranked symbol and loud sirens in his vehicle. He used to add a lot of humour with profanities during his speech which is ideal for the battle conditions. A UPI writer who followed Pattons speech in his article mentioned that Gen. George S. Patton thinks he was the best soldier who ever lived. Patton made the soldiers believe that they cannot be defeated by injecting his strategic plans. Pattons decision used to change according to time and situation; he had no positive or negative comments towards minorities since military work was his first priority. He spent a lot of time with African-American officers while he was in Europe. Patton due to some reason never liked the British however he respected Montgomerys for their ability. Black officers were assigned for military tribunals and defendants, since Patton had requested the higher officials. In March 1945, Eisenhower heard about the secret task force Baum during World War11 conducted by Patton and he was very furious about the whole plot.  Capt. Abraham Baum was the commander during this task force, the aim of this task was to liberate the POWs by penetrating behind the Germans lines. The mission was a complete failure and 32 soldiers were killed, about 57 tanks and other vehicles were missing. The main reason behind this task was to liberate Pattons son-in-law who was captured in Tunisia during 1943. Death Patton and Major General Hobart R. were on outing in the country side Mannheim, Germany; Pattons vehicle hit the front of GMC truck at a low speed. It was a minor accident; there was no much damage on the vehicle. Patton had injured his spinal cord and had breathing problem. He was taken to the military hospital in Heidelberg. Later Patton died due to pulmonary embolism on 21 December 1945. The memorial service was held at the Christ Church (Christuskirche) in Heidelberg-Sà ¼dstadt. As per Pattons request he was buried at the  Luxembourg American Cemetery and Memorial  in  Hamm, Luxembourg. Indeed a very controversial death for Patton. In 1986 there was a movie made on Patton, The Last Days of Patton which relived the ending incident of his life. After his death there was a sculpture of Patton placed at the church and his vehicle was repaired and is kept at General George Patton Museum  at Fort Knox, Kentucky. Conclusion (900) Patton had an important impact on U.S. Army General. His actions as a leader have been judged positively by a various population, i.e diverse in terms of age, gender, social class, race over a long period of time. The most powerful argument for Patton leadership style, some think he is a transformational leadership style since he was people oriented since he always kept peoples interest in mind. Patton had been publicly recognized for his post conventional outlooks and actions for his transpersonal ultimate concerns. Patton was very successful general since he had a very good military tactics. His leadership styles are ideal for todays business world. I will follow his leadership styles since most of his styles are effective during World War11 and his life. Leaders are born not made; this statement is very true in Patton life.

Economics and Boeing Essay

The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual sales Dreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual sales Dreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual sales Dreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which  means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual salesDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing Summary Buying an airplane is huge purchase, each costing over $ 100 million. There are many factors that have to be considered by the customers. These are customers Boeing deals with every day. For such purchases, Boeing knows that it take more than fast talk and a firm handshake. Individual sales

5 Facts About PZEVs, Partial Zero Emissions Vehicles

Partial Zero Emissions Vehicles, or PZEVs, are vehicles with engines that have been equipped with advanced emissions controls. This results in zero evaporative emissions. You may have heard about vehicles with the PZEV designation. For example, the 2012 Honda Civic Natural Gas, also known as the 2012 Honda Civic PZEV, has a natural gas engine with almost zero pollution-forming emissions. Its been identified as one of the cleanest internal-combustion vehicles to receive certification through the U.S. Environmental Protection Agency. The state of California has recognized this special Honda Civic model with Advanced Technology Partial Zero Emissions Vehicle, or AT-PZEV, designation because it meets that states stringent emissions control standards. It also has a warranty to maintain its emissions for at least 150,000 miles or 15 years. PZEVs Are Rooted in California PZEV is an administrative category for low emission vehicles in the state of California and other states that have adopted Californias more stringent pollution control standards. The PZEV category began in California as a bargain with the California Air Resources Board to allow automakers the ability to postpone mandated zero emission vehicles, due to the cost and time necessary for electric or hydrogen fuel cell vehicle production. Vehicles that have been manufactured to meet PZEV requirements outside the state of California are usually referred to as super ultra-low emission vehicles, sometimes abbreviated as SULEVs. They Must Meet Specific Standards Certified vehicles must meet tight emission test requirements for volatile organic compounds and oxides of nitrogen, as well as carbon monoxide. Emissions-related components must be warranted for 10 years or 150,000 miles, including electrical components of hybrid and electric cars. Evaporative emissions must be zero. When the California standards were being formulated, it was anticipated that battery-powered cars would be much more readily available soon after the new standards were adopted. Because cost and other factors kept the number of electric cars dotting the highway to a lower number than expected, a modification of the original mandate gave birth to the PZEV. This allowed car manufacturers to meet requirements through partial zero credits. The Name Refers to Emissions, Not Fuel Efficiency Dont confuse PZEVs with vehicles that rate above-average for fuel efficiency. PZEV refers to vehicles with advanced emission controls, but that does not equate with improved fuel efficiency. Most PZEVs come in at about average for their class in fuel efficiency. Hybrid or electric vehicles that meet PZEV standards are sometimes classified as AT-PZEV for Advanced Technology PZEV because emissions are just as clean, but they get much better fuel efficiency. The Standards Demand Compliance Under the Clean Air Act, California was able to set more stringent vehicle emissions standards, including tailpipe emissions. In 2009, car makers were charged with reducing greenhouse gas emissions for new passenger cars and light trucks. Automakers were given eight years to bring new vehicle manufacturing in line to cut pollutants by approximately 30 percent once fully phased in by the end of 2016. Expect to See More While PZEVs and the low emissions movement got its start in California, other states have since followed in the Golden States footsteps. The stricter standards aimed at cutting emissions by approximately 30 percent by 2016 were adopted by multiple states, as well as the District of Columbia. Similar standards are also part of an agreement Canada signed with automakers.

Battle of the Basque Roads in the Napoleonic Wars

The Collapse Of Bear Stearns - 1580 Words

Jacob Bates The Collapse of Bear Stearns and What Can Be Learned Bear Stearns was started in 1923 by Joseph Bear, Robert Stearns and Harold Mayer and was initially and equity trading firm. It was one of the most respected firms of Wall Street and up until its collapse in March of 2008, had never had a losing quarter in its 85-year history. Bear Stearns had made it through the Great Depression, World War II, and multiple recessions over its long history. Alan Greenberg took over as CEO in 1978 and the culture at Bear Stearns began to change. In 1985, with Greenberg at the helm, Bear Stearns created a holding company called ‘Bear Stearns Company, Inc† and officially became an investment firm. According to fundingverse.com and William Ryback [14, 11], earnings soared and they began setting new company records for earnings. In 1993, James Cayne took over as CEO and steered Bear Stearns through the dot-com boom and the September 11th attacks. Cayne had made Bear a fortune by trading municipal bonds through the 70’s as New York was go ing through a crisis and nearly declared bankruptcy. Under Cayne’s leadership, Bear Stearns stock price rose six-fold and consistently beat earnings estimates. All was going well until around 2006. That brings us to the root cause of the collapse at Bear Stearns. Bear Stearns had begun investing in subprime mortgages through to funds. According to the investment website investopedia [7], a subprime mortgage is basically a mortgage that is given toShow MoreRelatedWilliam David Coh An American Business Writer Essay1323 Words   |  6 PagesBusiness. (Source: Wikipedia.org) House of Cards describes in particular the complicated series of events that led to the downfall of Bear Sterns in March 2008. 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How Far Would You Agree That ”Animal Farm” Is, As Orwell Himself Described It, A ‘Fairy Story.’ Free Essays

Five down. A word that is used in dermatology. 6 letters. We will write a custom essay sample on How Far Would You Agree That †Animal Farm† Is, As Orwell Himself Described It, A ‘Fairy Story.’ or any similar topic only for you Order Now That’s a tough one†¦what’s dermatology? Itches†¦that doesn’t fit. Scratch†¦I don’t know. I was pondering whether I should go over to that old man who was leaning against the fence. He had been there, in the same position, smiling and nodding at me for the last half an hour. Perhaps I should tell him to get a life? I sighed; I was so bored. Perhaps this is what waiting does to you? Why was I doing this stupid crossword? I should be on the train now, on my way back to Cardiff; there I would be getting drunk out of my mind. What was I going to say to Rob? â€Å"Sorry mate, couldn’t come to your stag do, the train came late?† What a lame excuse. When would that stupid train come? The guard over there was looking happy, probably because he was enjoying watching all us commuters suffer. Perhaps I should show him what it’s like, missing out on pints of free beer, strippers AND my best mate’s stag do. Paranoia had set upon me. I had already started to think everyone was out to get me, and perhaps I was right? No, I hastily corrected myself, they don’t even know me. Why on earth was I paranoid? I mean, I used to take this journey everyday when I was a kid†¦but things change. I was far more aware of everything now. At my feet, lay my briefcase; normally my portfolio would lie there, with all its sketches depicting life. For a brief second, I wished I could go back in time, and no longer feel the intensity of adulthood: having to work to survive, owning a house etc. I closed my eyes wearily. The train still hadn’t come. Frustrated, my instincts told me to just wait, but, ignoring them, I marched over to the guard, and demanded to know when the train would arrive. He gave no verbal answer, and simply gestured at the electronic board above his head. He then walked off, presumably to help some old dear carry her luggage. Not. The notice board told me that my train would be delayed indefinitely. Estimated time of arrival was at least 4 hours away, if not more. I slumped back down onto the red plastic, cheap station seating, and resigned myself to a long wait. I got out my mobile, and began to text Rob, apologising for not being there. My text contained many words of crude language. As I began to text, I stopped. I remembered that I was at a station; where better to observe human life? Here, I could capture normal life, without having to draw forced behaviour. I looked across the crowded arcade. Businessmen, old people, women with severe hair-dos, punks, anarchists, goths, Asians, Africans†¦ no one out of the ordinary. I didn’t know quite what I was looking for, but I knew they would stand out. Just as I looked past the Sainsbury’s outlet, a woman burst in through the door from the high street, almost colliding with the ‘Welcome to Paddington’ sign. She was drenched to the bone, although I didn’t know how; it wasn’t even raining. She had a peculiar look on her face, one of worry and exhaustion, yet somehow triumphant. She ran towards the platform, skidding several times, and ran straight to the guard. I could see her lips moving, but all I could hear was the crackly interference on the intercom. The guard walked off while she was still talking, and she was left standing there, alone. I had never seen such a unique woman in my life. She had auburn hair, naturally highlighted in streaks with a dull ginger colour, bright green eyes almost like a cat, which were opened wide as if she was annoyed†¦ Her eyebrows lowered as I saw her eyes scan across the timetable. What train was she waiting for? I told myself I wouldn’t get involved. She was beautiful, but I already had a girlfriend: a kind generous one at that. No, I didn’t love this woman, but was just enthralled by her. As she sat down, drips of water ran off her hair onto her top. She sat herself down on the adjacent bench to mine, and reached for her handbag. Her hand delved deep inside, and things went flying everywhere. Tissues scattered themselves all over her skirt, leaving bits of white fluff, which contrasted horribly with her blue and burgundy-striped skirt. A lipstick gracefully went sailing out of the bag, flew through the air, until it landed back on the platform. It then slid itself underneath the barrier, on the very edge of the platform. The woman flung more things out of the bag; the Vaseline came out, the lid fell off, and the contains went everywhere; a purse hit an old woman sitting near her who then started mumbling; photos of children and other people; tickets for buses and trains; receipts for petrol, shopping and clothes; a calculator fell out and made a crack sound; a film, mint wrappers, pens†¦anything you can name was in there. Unfortunately, still more things came out. A mirror went flying through the air, straight towards an old man. He looked up just before it struck him, and caught it. I presume he then made a comment about 9 years bad luck as he handed it back, though I couldn’t hear him, as the intercom was going on about cheap luggage cases at GR Cases. Finally, she pulled out, with relish a mobile phone and a hairbrush. She began to brush her hair vigorously using the mirror. She placed it back in, then looked around in horror, at the scene of destruction that she had created. Annoyed (it seemed), she went around this part of the station, picking everything back up. I wanted to help, but I dared not; something was rooting me to the ground. Fear. The woman finally replaced the lipstick back in her handbag, and looked around. Seeing the shops, she walked off towards them. I followed. As I walked towards the commercial side of the station, I made up a cover story. If she noticed I was following and asked me, I would say either a) I thought you were someone else, or b) I need to get some apples†¦wait, but why would I need to go to all the same shops as her? I decided I would only use option a) if asked. She walked into Boots, and I followed. Why was I following her? I had no idea, but this woman interested me. Under the pretence of looking for a toothbrush, I watched her buy some Nurofen, shaving cream, Lynx deodorant, and a razor. Why did she need that? It was ‘guy’ stuff. Finally, she meandered over to the cosmetics area, where she dithered over buying a plum-coloured shade of finger paint stuff. What was it called again? Oh yeah, nail varnish. After about 45 minutes in there, she paid up using her card, and left. ***** During the next 11/2 hours, she went to the luggage shop, Woolworths where she purchased a large bag of pick ‘n’ mix, Sainsbury’s to buy some pasta, and a florist. After coming out of the last shop with a bouquet of irises, she went back to the red plastic bench, and sat down. I waited for a while, and then followed suit. On my way back to the bench, I looked up at the notice board. Two hours before the train arrived. The woman seemed to be getting nervous. She was straightening her skirt, getting rid of every little crease or dent. She sat there, looking agitated for a while. She sneezed suddenly, and looked around, cringing apologetically. Then a train pulled up into the station. This was the 19:56 train pulling in, and she stood up, and ran towards the barrier. People filed out, and the noise level in my head slowly grew, but I could not make sense of it. All I could hear was endless jumble; babbling, talking, but one conversation indistinguishable from another. I could hear this in the background, but in the foreground there was silence, spare her breathing. A friendly old lady was trying to question me, but I could neither see nor hear her clearly. I was looking at her, but yet not seeing her. It was the same with the rest of the passengers: they had no features in my head. All I could see were faces, with one face standing out: the woman’s. Her face had features: exquisite ones, which appeared perfect to me. Everyone else was the same, blank, just going. Her face told a story, one that I was trying to learn. I had become very overwhelmed by this woman. I watched her stand by the rail, lean over, clasping her hands with the rail between them. She stood on the lowest bar, held the bar with both hands and swung. She then leaned completely over the bar, got off it, and just held it with one hand. As the stragglers among the passengers filed out, the train emptied, and her face began to express anguish. As the doors on the one side closed, and the boarding passengers got on, she looked distraught. She ran from one direction to another, trying to find a way to get to the other side of the bar, trying to find a guard. But there was no one to help her. As the train departed, confusion came upon her face. She then slowly sat back down on her seat, and, with a look of determination, looked like no one could make her move. The train left, and the station became emptier. Most people had got on the last train, which had left for Greenwich. My train, however, was still conspicuous by its absence. I should now be at the club with Rob and the rest of his mates, getting more and more drunk by the moment. Out of the corner of my eye, I could see the woman getting out her mobile. It was quite an old model for a person her age: I thought she would have a 3310 at least, since she looked about 23. But no, she had a Sony, with a pullout aerial and tiny screen. She was hitting the keys at a moderate speed, obviously texting. I could just about make out the words ‘Where are you’ from where I was sitting. Then she hit one button hard, and sat back. I heard a faint beep; obviously the message had been sent. The time kept ticking away on the big blue electric clock. The second hand seemed to almost be slowing down, though I doubted that. The timetable kept saying that my train would arrive in one minute less time than last minute, until it said my train would arrive in 45 minutes. However, by that pint, I dared not raise my hopes, as it had said that so many times before I no longer believed it. Time seemed to almost be coming to a standstill, when I heard a sharp horn go, and another train slowly came round the corner into the main station. The woman ran towards the bar again, a fresh look of happiness on her face, but in the corner lay a hint of dread? I wasn’t sure. Her irises in her hand, she stood on the rail, leaning over. Her free hand had nothing to do: it darted from the rail to her pocket to her skirt, and then it held the irises, then back to the bar. The passengers again stopped leaving, and the train was once again emptied. Through the windows a few silhouettes remained, so she looked like she still had a bit of hope. The final three passengers came out, and she fled from the bar, flinging down the irises onto the floor. From my seat, I could see her head held between her hands, and her chest was heaving gently: was she sobbing? She rummaged in her bag for a tissue, and, after wiping her tears away, gently picked up the irises from the ground, and held them in her arms. An old woman, who had seen the plight of the woman and her irises both of which had begun to wilt forlornly, walked over to her, started talking to her about the plight of the rails nowadays (I was now within earshot) and gave her a vase of water for the irises. As she left, the woman began to smile again, seeing the flowers perk up. After two more trains had come and gone, the woman’s spirits had fallen almost irretrievably low and various texts, I saw her call someone, possibly the person who she was waiting for. She was muttering ‘Pick up, damn you, pick up’, and when the answer phone came on, she almost burst into tears. She left a heartrending message, and I saw her visbly choke back tears a few times. Then she hung up, and waited. The woman’s skirt was now crumpled, her top tearstained, the flowers dying, but hope of the person arriving kept a brave smile on her face. However, the smile was not for me, actually, it seemed almost everyone but. She didn’t seem to even notice I existed. Then I heard a message on the intercom: ‘We are very sorry for any delays, but the 19:56 train and the 17:56 trains have been combined. They will shortly be arriving. We are sorry for any inconvenience. Please forward any complaints to the Railtrack Office in Cornwall. Thank you for your patience.’ Finally! My train was actually going to arrive! What’s more, in only a few minutes! But one thing almost scared me: it had combined with the woman’s train. Was it coincidence? Or sheer chance†¦ However, I had no chance to ponder this question as the train pulled in at that moment. The woman ran over to the rail, as I queued to get aboard. From my place in the queue, I was at a good vantage point to see whom the woman was going to reunite with, and the happy event itself. A man got off the train, and the woman was waving at him madly. However, he looked around hurriedly, didn’t appear to see her, and beckoned another woman off the train. At that point, my woman started to look confused, as if feeling why hadn’t he seen her? She was almost at the point of climbing over the rail. The man who had got off the train, and woman with him grabbed each other, and kissed passionately. My woman looked aghast, shocked, and distraught all at once. She then took a sharp intake of breath. The man looked round and saw my woman looking distraught. The woman looked around, and caught my glance. For an instantaneous second we understood each other, then it stopped. I heard him trying to explain, but it was all for nothing. As I boarded the train, I saw the irises hit him in the face, the shopping hit the other woman, and my woman walked off into the darkness, in the direction of the oncoming trains. However, I had no time to find out what happened next, and the train slowly began to accelerate away. I realised that I had been staring at her unashamedly for the last 4 hours, and I felt I knew her; but all she knew of me was a second. The last thing I heard before the sound of the train blocked out everything else was a screech: was it a scream, or simply the doors closing? I realised I would never know, and concentrated on looking forward to the journey: who knows what might happen? How to cite How Far Would You Agree That †Animal Farm† Is, As Orwell Himself Described It, A ‘Fairy Story.’, Papers

Managing The Hospitality Asset Hospitality Sector

Question: Describe about the Managing The Hospitality Asset of Hospitality Sector? Answer: Brief history of the site Royal Pines Resort is a five- Star rated resort and hotel located in Gold Coast, Queensland. The location site of the resort is appropriate for drawing the attention of majority of the tourists visiting Gold Coast for surfing. Every year the management at the resort focuses on redesigning and refurbishment of the hotel spaces like guest rooms, swimming pools, golf course and executive rooms. As a part of enhancing the aesthetic presence of the hotel, space the hotel had undergone major renovations in designing a new lobby, reception desk and an expansive walkway linking the lobby to the resort pool. The hotel that is situated at a very short distance from the sandy beaches of Gold Coast is one of the most preferable accommodations for the surfing tourists (Resort, 2015). Current use of the site Presently management at Royal Pines Resort is planning a further renovation of the guest accommodations. Currently Royal Pines offers 331 stylish guest accommodation rooms that provides open and aesthetic views of the pool, garden, golf course and the sandy beaches. The current price ranges of guest rooms in Royal Pines are around $230 to 350. The resort at present provides three types of guest accommodations namely the coastal room view, the pool view rooms and the beach view room. The management at Royal Pines is considering renovation of all the guest rooms in order to enhance the accommodation settings in accordance to the changing preferences of the tourists. Moreover, the management of the resort considers transforming 100 beach view rooms into exclusive luxury suits in order to increase revenue (Connolly and McGing, 2007). Target market evaluation As per tourism survey of 2014, around $ 4.7 billion was contributed to the tourism segment of Australia from the sole revenue earnings of the Gold Coast segment. The mixture of sun, surfing and sand along with golf facilities, spas, theme parks and abundance of natural attractions has been able to successfully attract 80% of tourist visitors every year. Keeping the facts in mind, it can be analyzed that the major target market of Royal Pines resort are as follows: Types of visitors Percentages Domestic overnight visitors 48% Interstate overnight visitors 22% Day trip visitors 10% International visitors (UK,USA, China) long holiday plans 20% Further, the tourism surveys reveal that the average spending of the overnight visitors in a holiday trip to Gold Coast is ranging from $ 3500 to $ 7000. Thus, Royal Pine can successfully focus on renovating the guest rooms and changing them into luxury suits focusing on the spending capacity of the target market (Sharma and Schmidgall, 2008). The rooms need to be redecorated keeping the preferences of the target markets and preference can be judged from the following segmentation. Target market Characteristics Individual surfers Aged between 18 years and 25 years Both male and female visitors Income range between $ 10000 - $ 25000 Family travelers Aged between 26 years and 50 years Both male and female including children Income range between $ 30000 and above Thus to meet the expectation of the target market, Royal Pine is considering the renovation of the guest accommodations which includes addition of extra space, addition of 3D enabled home theater systems, changing layouts and introducing wifi facilities and complete replacement of furniture and fittings. Analysis of renovation Hotel renovation is a significant part of asset management and asset maintenance of the hospitality sector. According to Matelji (2010) frequent renovation and reinvention of the hotel assets and spaces makes it possible for the hospitality industry to enhance the life cycle of the hotel assets. Hassanien et al. (2010) further commented that hotels and other hospitality sectors that innovates and renovate in accordance to the changing consumer preferences are able to achieve high growth and high occupancies and are able to satisfy the concerned stakeholders. Analysis of stakeholders benefits The major stakeholders affected by the renovation plan are the shareholders and management of Royal Pine resorts, the employees, construction companies, employees and the tourists of Gold Coast. The management and the owners of Royal Pine are the major parties who will be affected by the renovation project (Kapiki, 2012). They are the concerned stakeholders who will have to bear the renovation expenses and will be benefited from the revenue earnings after the renovation is completed. Further, the renovation process will also affect the hotel employees like receptionist, lobby staffs, and room service staffs. If a significant portion of the hotel is under construction for the purpose of renovation then the services of the staffs will be dismissed temporarily. Further the renovation is planned in order to satisfy and enhance the quality of stay of the tourists hence they are also one of the major stakeholders affected by this decision. Reference list Connolly, P. and McGing, G. (2007). High performance work practices and competitive advantage in the Irish hospitality sector.Int J Contemp Hospitality Mngt, 19(3), pp.201-210. Hassanien, A., Dale, C. and Clarke, A. (2010).Hospitality business development. Amsterdam: Butterworth-Heinemann/Elsevier. Kapiki, S. T. (2012). Quality Management in Tourism and Hospitality: an Exploratory Study among Tourism Stakeholders.International Journal of Economic Practices and Theories,2(2). Matelji, S. R. (2010). Promotion and design in the hotel industry.Tourism Hospitality Management. Resort, R. (2015).Royal Pines Resort - Surfers Paradise - RACV Resorts. [online] Racv.com.au. Available at: https://www.racv.com.au/wps/wcm/connect/resorts/racv+resorts/racv+royal+pines+resort [Accessed 21 Mar. 2015]. Sharma, A. and Schmidgall, R. (2008). Financing Renovations In Clubhouses.The Journal of Hospitality Financial Management, 16(2), pp.17-32.