What Was The Martinus Mission - 883 Words

4. What was ‘Martinus MISSION’? †¢ THE PRIME MISSION of MARTINUS’ WAS and IS â€Å"TO MAKE PEOPLE TO LOVE EACH OTHER†! LOVE is to become THE HABITUAL ABILITY or Automatic Consciousness -TO DO WHAT IS THE MOST LOVING THINGS TO DO IN ANY GIVEN SITUATION. â€Å"Love alone constitutes the distinctive mark of divine affinity and all-pervading love results in general mental co-habitation, harmony between intelligence emotion – perfect satisfaction of our greatest desires and the pinnacles of bliss state in physical sphere of existence.† (Quotes from book # , ‘ON THE BIRTH OF MY MISSION’, chapter #6) †¢ After the age of thirty and the soaring experience of Powerful Transformation of Consciousness, Martinus was entirely and unequivocally devoted to the job of conveying the Absolute Truth to the world of terrestrial humans on the following: the inner Structure Life, their own Immortality, the Eternal and Infinite Universe, and the Eternal Cosmic Laws that Govern Maintain Life by making an utterly abstract content GRASPABLE, APPREHENSIBLE, and generally INTELLIGIBLE to the advanced human intelligence. †¢ Martinus has always strongly advised to be extremely skeptical critical of his work, that must be â€Å"†¦verified by anyone ethically disposed and sufficiently impartial and open minded†, undeniably knowing NO ONE COULD CONTRADICT ANYTHING. No a man-made science could challenge Martinus work in any conceivable aspect. †¢ The purpose of Martinus nine thousand written pages of Cosmic AbundantShow MoreRelatedWhat Was The Mission Of Martinus?944 Words   |  4 Pages 4. What was the ‘MISSION of Martinus’? †¢ Undoubtedly, THE PRIME MISSION of MARTINUS’ WAS and IS â€Å"TO MAKE PEOPLE TO LOVE EACH OTHER†! He has seen LOVE as Cosmic Perpetua Mobile and was providing the solutions for love transformation into THE HABITUAL ABILITY or Automatic Consciousness -TO DO WHAT IS THE MOST LOVING THINGS TO DO IN ANY GIVEN SITUATION. â€Å"Love alone constitutes the distinctive mark of divine affinity and all-pervading love results in general mental co-habitation, harmony between intelligenceRead MoreNotes On Martinus And His Spiritual Science1090 Words   |  5 PagesSEGMENT 1: ANSWERS ON MARTINUS HIS SPIRITUAL SCIENCE 1. What is Cosmology What Is MARTINUS COSMOLOGY †¢ COSMOLOGY is defined as A Branch of Astrophysics OR as Metaphysical Science which studies the origin, structure, dynamics and evolution of The Universe. What Is Metaphysical? ‘Metaphysical is Something Highly Abstract and/or Overly Theoretical†¦hard or impossible to observe by own senses. †¢ Strictly, both definitions ARE FALSE, because of dealing with ‘Origin of The Universe’. †¢ ‘Cosmos’ inRead MoreThe Explanation Of Big Water Puzzle1577 Words   |  7 Pages53. What is The Explanation of BIG WATER Puzzle? †¢ In both Greek and Chinese philosophy ‘Water’ was considered as one of four ‘basic Substances of the Universe, as they formulated, besides fire, Earth, and air. However, there is no trace of evidence of any successful ‘penetration’ into ‘Water’ ‘Life Structure’- No Insights. †¢ Further, the review of scientific magazines and popular encyclopedia texts on ‘Water’ confirms ‘the mystery’. Besides, general closely paraphrased statement that water isRead MoreSojourner Truth: A Woman of Courage1208 Words   |  5 Pageshero to blacks, slaves, and women. She was also an abolitionist and a champion of womens rights speaking through the country. She acted on her feelings about life and the way it should be. But, in Battle Creek, Michigan where Sojourner Truth spent her last years, and everywhere else, she is known for her powerful speeches that traveled the nation advocating for the fair treatment of freed slaves. Sojourner Truth was born in 1797, born into slavery, and was given the name Isabella Baumfree. Sojourner’sRead MoreEssay on The Ethics Concerning Space Debris2423 Words   |  10 Pagesstill in orbit by September 1997. Only 6% of the catalogued orbit population are operational spacecraft, while 50% is said to be due to decommissioned satellites, spent upper stages, and objects such as launch adapter and lens covers, which are mission related. The other 44% is originating from 140 on-orbit fragmentations. These events have been the main source that has generated a population of objects larger than 1cm on the order of 70000 to 150000. Efforts to provide a definitive assessmentRead MoreInternational Business Essay3115 Words   |  13 PagesInternational Labour Organization (ILO). I will discuss a summary of the organization mission and objective, internationalization process of ILO’s successfulness that help in some countries and its impacts on international context. Finally concluding the experience learned from the organization and an understanding of the organizational phenomena as a whole. Overview, Mission amp; Objective ILOs mission was set by its Director-General (ILO 2012), To promote opportunities for women and men toRead MoreTorpey 1998 State Monopolization Of Legitimate Means Of Movement12377 Words   |  50 Pagescapitalistdevelopmentinvolved the expropriationof the means of productionfrom workers by capitalists. The result of this process was that workers were deprived of the capacity to produce on their own and became dependent upon wages from the owners of the means of production for their survival. Borrowing this rhetoric,Marx s greatest heir and critic, Max Weber,arguedthat a central feature of the modernexperience was the successful expropriationof the means of violence from individualsby the state. In the modernworld,Read MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagesdot.com. Formula One – developing the capabilities for competitive success in a hi-tech industry. Manchester United – clash of expectations in the football world. Salvation Army – strategic challenges for a global not-for-profit organisation with a mission. Bayer MS – corporate social responsibility in the international development of a German company. Eurotunnel – clash of cultures threatens to derail Anglo–French rail link. Ryanair – competitive challenge and strategic choice in the budget airlineRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesthe Contributors †¢ 343 _ IN TR OD UC TIO N Michael Adas B y any of the customary measures we deploy to demarcate historical epochs, the twentieth century does not appear to be a very coherent unit. The beginnings and ends of what we choose to call centuries are almost invariably years of little significance. But there is little agreement over when the twentieth century c.e. arrived, and there were several points both before the year 2000 (the collapse of the Soviet Union

Short Story - 1608 Words

Was the very fact he had brought this subject up a sign of how out of touch his opinions were with those of the society he was supposedly a part of? He didn’t know the answer to that. Nor did he know the answer to another question: Is it possible to be a feminist and enjoy porn too? If not, what do lesbians do? He mentally crossed that last sentence out. It was probably offensive, he chastised himself. Or at the very least likely to be misinterpreted. Surprising as it might seem to some, Robert was right when he said he held women in high esteem. In fact, so high was the esteem in which he held them that he had decided some time ago to remove himself from circulation. He wasn’t up to standard; he would have only been a disappointment, as†¦show more content†¦Ã¢â‚¬Å"I was dry-eyed when I left the bastards.† Robert’s room was empty; he was holed up correcting papers. Some might have suggested he was also hiding from any other members of staff who might have had a spare period. After volunteering to breach the lines and face down the enemy (and mow them down if necessary), a suggestion Alice quickly turned down, he said, â€Å"I’ll tell them you were taken ill, don’t worry.† Alice kissed his cheek. â€Å"Thank you,† she whispered. Embarrassed, Robert turned away. â€Å"I’ll be back in a minute,† he said as headed into the storeroom. Then he turned and added, â€Å"I’ll go and see what I can do with those cretins of yours.† â€Å"They’re not bloody mine,† Alice retorted, half-miserably, half-jokingly. And with that he’d smiled, pushed open the door to her room and walked out into the fray. He saw at once what she’d had to put up with. The school had lumbered her with the worst possible collection of half-wits and thugs, most of them only one step above the inhabitants of the nearby zoo. If he had had his way, he’d have had them all shot – not that he agreed with capital punishment per se. But as with every rule, there are exceptions. Class settled, and under threat of execution should trouble flare up again, Robert left and returned to Alice, who had recovered her composure and was pacing the room with a troubled expression on her features. â€Å"It’s best if you don’t go back in there,† he said. â€Å"I’ll keep an eye on them.† â€Å"Really? Thank you.†Show MoreRelatedshort story1018 Words   |  5 Pagesï » ¿Short Stories:  Ã‚  Characteristics †¢Short  - Can usually be read in one sitting. †¢Concise:  Ã‚  Information offered in the story is relevant to the tale being told.  Ã‚  This is unlike a novel, where the story can diverge from the main plot †¢Usually tries to leave behind a  single impression  or effect.  Ã‚  Usually, though not always built around one character, place, idea, or act. †¢Because they are concise, writers depend on the reader bringing  personal experiences  and  prior knowledge  to the story. Four MajorRead MoreThe Short Stories Ideas For Writing A Short Story Essay1097 Words   |  5 Pageswriting a short story. Many a time, writers run out of these short story ideas upon exhausting their sources of short story ideas. If you are one of these writers, who have run out of short story ideas, and the deadline you have for coming up with a short story is running out, the short story writing prompts below will surely help you. Additionally, if you are being tormented by the blank Microsoft Word document staring at you because you are not able to come up with the best short story idea, youRead MoreShort Story1804 Words   |  8 PagesShort story: Definition and History. A  short story  like any other term does not have only one definition, it has many definitions, but all of them are similar in a general idea. According to The World Book Encyclopedia (1994, Vol. 12, L-354), â€Å"the short story is a short work of fiction that usually centers around a single incident. Because of its shorter length, the characters and situations are fewer and less complicated than those of a novel.† In the Cambridge Advanced Learner’s DictionaryRead MoreShort Stories648 Words   |  3 Pageswhat the title to the short story is. The short story theme I am going conduct on is â€Å"The Secret Life of Walter Mitty’ by James Thurber (1973). In this short story the literary elements being used is plot and symbols and the theme being full of distractions and disruption. The narrator is giving a third person point of view in sharing the thoughts of the characters. Walter Mitty the daydreamer is very humorous in the different plots of his dr ifting off. In the start of the story the plot, symbols,Read MoreShort Stories1125 Words   |  5 PagesThe themes of short stories are often relevant to real life? To what extent do you agree with this view? In the short stories â€Å"Miss Brill† and â€Å"Frau Brechenmacher attends a wedding† written by Katherine Mansfield, the themes which are relevant to real life in Miss Brill are isolation and appearance versus reality. Likewise Frau Brechenmacher suffers through isolation throughout the story and also male dominance is one of the major themes that are highlighted in the story. These themes areRead MoreShort Story and People1473 Words   |  6 Pagesï » ¿Title: Story Of An Hour Author: Kate Chopin I. On The Elements / Literary Concepts The short story Story Of An Hour is all about the series of emotions that the protagonist, Mrs. Mallard showed to the readers. With the kind of plot of this short story, it actually refers to the moments that Mrs. Mallard knew that all this time, her husband was alive. For the symbol, I like the title of this short story because it actually symbolizes the time where Mrs. Mallard died with joy. And with thatRead MoreShort Story Essay1294 Words   |  6 PagesA short story concentrates on creating a single dynamic effect and is limited in character and situation. It is a language of maximum yet economical effect. Every word must do a job, sometimes several jobs. Short stories are filled with numerous language and sound devices. These language and sound devices create a stronger image of the scenario or the characters within the text, which contribute to the overall pre-designed effect.As it is shown in the metaphor lipstick bleeding gently in CinnamonRead MoreRacism in the Short Stor ies1837 Words   |  7 PagesOften we read stories that tell stories of mixing the grouping may not always be what is legal or what people consider moral at the time. The things that you can learn from someone who is not like you is amazing if people took the time to consider this before judging someone the world as we know it would be a completely different place. The notion to overlook someone because they are not the same race, gender, creed, religion seems to be the way of the world for a long time. Racism is so prevalentRead MoreThe Idol Short Story1728 Words   |  7 PagesThe short stories â€Å"The Idol† by Adolfo Bioy Casares and â€Å"Axolotl† by Julio Cortà ¡zar address the notion of obsession, and the resulting harm that can come from it. Like all addictions, obsession makes one feel overwhelmed, as a single thought comes to continuously intruding our mind, causing the individual to not be able to ignore these thoughts. In â€Å"Axolotl†, the narr ator is drawn upon the axolotls at the Jardin des Plantes aquarium and his fascination towards the axolotls becomes an obsession. InRead MoreGothic Short Story1447 Words   |  6 Pages The End. In the short story, â€Å"Emma Barrett,† the reader follows a search party group searching for a missing girl named Emma deep in a forest in Oregon. The story follows through first person narration by a group member named Holden. This story would be considered a gothic short story because of its use of setting, theme, symbolism, and literary devices used to portray the horror of a missing six-year-old girl. Plot is the literal chronological development of the story, the sequence of events

International Marketing Management Corporate Sustainability

Questions: 1. Discuss how a firm could use product leadership, operational excellence and customer intimacy as a basis for competitive advantage. Use examples to illustrate? 2. Select an industry (e.g. airlines, fast food etc) and use Porters Five Forces model to analyse the industry structure and determine the level of competitive rivalry. Explain how a company wanting to enter the industry could use this information? Answers: 1. Competitive Strategies There are many competent organizations in the modern world of business. There are a number of internal as well as external factors that are faced by the organizations. The external factors have the capability of impacting the strategic power of the organizations. In order to achieve the operational efficiency of the organization, it is important to formulate effective competitive strategies. There is several numbers of strategies that can be used by the organizations for achieving competitive strategy. However, this report covers three important aspects related to competitive advantage. Operational Excellence The operational excellence strategy is closely connected with cost leadership. The cost leadership is concerned with the reduction of costs in order to maximize the control on the resources. This is to be done in an automated manner. The primary focus of this strategy is focused on the automation of the different manufacturing processes in such a manner so that there is sufficient control on the automation of the financial resources. The operational excellence is connected with enhancing the productivity levels. For this purpose, there can be increase of the output by the process of sustaining or there can be reduction of the input. The increased level of productivity would increases the operational excellence. This would be a powerful tool in the competition. The strategy focuses on the reduction of the work procedures by reducing the operational cost and streamlining the operations for long time period. The strategy has impacts on the standardized production, transaction oriented as well as high volume which leads to differentiation. The operational excellence is achieved by making sure that the high production volumes would be kept for longer duration and it would lead to high sustainability. The implementation of the standardized production delivers good brand image of the company which would attract more number of customers. It would also lead to greater level of customer satisfaction. The above strategy makes sure that the operational strategy is closely related to the cost leadership strategy so that the strategy is best for the market where the customer gives more importance to the cost and less importance over choice. The operational excellence is used by the company to commoditize the market and the mature market in which the cost leadership is being considered as one of the main economic growth sources. The cost leadership model gives strength to the organizations for giving products and services on affordable prices than the competitors. This would become of the sources of competition. The operational excellence leaders would ensure centrally rule based operations which are standardized as well as follow organizational discipline. The framework of operational excellence is being increasingly used by the companies. There are several companies such as Wal-Mart, McDonalds, FedEx, IKEA, Southwest Airlines and others who use operational excellence framework. There are different disciplines such as Supply Chain Management, Total Quality Management and Six Sigma which are being incorporated into the operational excellence policy of the firm. The primary aim of this integration is the maintenance of the good quality services or products along with lower prices. The aim of this strategy is attract maximum number of customers in the organization. This strategy of the operational excellence is effective for the new firms when there is a need to gain a loyal set of customers. The organizations need to follow the strategy for attaining maximum excellence level through the model of cost leadership. The cost leadership would emerge as a mode to gain sustainability in the organization through implementing quality products in affordable prices. The organizations should also use this strategy for a longer time period so that the customer attraction can be gathered in the least possible manner. Customer Intimacy The strategy of customer intimacy focuses on the offering of unique range of services as well as products to the customers so that is delighted with them. The company should give enough scope for personalization as well as provide customized products to the customers. This would be done according to the needs of the customers. The competitive strategy would be based on the personalization concept which would give importance to the personal preferences of the employees. This kind of services would satisfy their needs so that there is increased revenue generation of the company. If the customers feel that they are being valued by the organizations then they would opt for more number of products as well as services of the company. A customized product would definitely attract the customers and this kind of strategy can be used by the small as well as large organizations. The businesses should adopt flexible policies which would help them to gain the trust of the organizations. This strategy should be used by the company to couple the products as well as solutions and deliver them as a package to the customers. The overall package must be made by taking into account the values, needs and beliefs of the customers. This would make the customers come back to the organizations time and again (Baumgartner and Ebner 2010). The goal of this kind of strategy is the gaining of maximum level of satisfied customers in an effective manner so that there would be an increase in the loyal customer base. This strategy is based on the outcomes of the research or the effective formulation of policies in which a high level of importance is given to customer needs. The vendors should get the information about customer requirements and then convey them to the company authorities so that they can design their products or services accordingly. The need segmentation would provide a platform for the organization so that special customers can be targeted and their unique needs can be fulfilled. It is also vital to mention that this strategy is devoid of any innovation. It is effective as a variety of customer needs can be fulfilled by this kind of approach. This is because there is high level of customer satisfaction in this approach. The strategy is being used by top companies such as IBM, Amazon.com, Lexus and Virgin Atlantic. The strategy is being used by the companies who focus more on the customer centric aspect. These kinds of organizations have the recognition modes as the nature of the decentralized organizations helps them to modify their operations as needed. This type of companies aims to fulfill the customer needs by focusing on their requirements. These type of companies aim to upgrade the services as well as products in a effective manner (Teeratansirikool et al. 2013). Product Leadership The product leadership can be considered as one of the strategy which aims to provide unique products as well as services, which is different from that of the competitors. The aim of the strategy is to offer superior products to the market and increase the operational efficiency of the firm. This would be done by the effective utilization of development and innovation. The leaders of the different products have the aim of achieving premium market prices by developing creative development plan. The concept of First mover advantage is closely related with this concept as the act of increasing the operational efficiency would incorporate some value added services to the customers. This would make the customers feel better about the utilization of the products or services of the company. The companies should incorporate a competitive strategy by focusing on product leadership. The firm should be strong in branding as well as innovation so that it can sustain in the market for longer dura tion. It is required for the organization to build an excellent operating model in which the organization would be able to provide value added services to the customers. The product leadership is directly related with the corporate culture and it includes various aspects such as product management, talent management, marketing management, research portfolio management and teamwork (Cusumano Kahl and Suarez 2015). The integration of the various disciplines in the operations of the organization helps the organization on enhancing the operational excellence. This would also give the company the required competitive advantage. The time during which the company does not offer any products or services to the customers is considered as the golden time period. This is one of the methods of being able to charge premium prices for the products which would increase the financial revenue of the company. The product leaders are able to recognize the excellence displayed in the team work, creativity and problem solving in the organization, which would impact the success of the organization. It is important to maintain collaboration, creativity and enforcement of talented manpower in the organization, which would make the companies to enjoy competitive advantage. There are organizations such as Apple, Pfizer, Fidelity Investment and BMW which strives for research and development so that there is maximum degree of the operational excellence and it is being done through the process of product leadership. The organizations develop new products as well as services by the process of product leadership. This is being done with the help of knowledge management and creativity. The organization need to do sufficient research as well as development in the product improvement sector so that the company can give competitive services. 2. Five Forces Analysis Commonwealth bank of Australia The five forces are being analyzed by determining the various factors that affect the performance of the industry. The banking industry has witnessed sustainable growth in terms of economic factors since the last 20 years and it is also considered as the third largest industry in the Asia-Pacific region. It is also considered as 11th largest industry in the world. The important strengths of it include the implementation of effective financial plans as well as implementation of effective government policy that can contribute to the finance circulation in a perfect manner (McMillan 2010). The five forces is usually based on the factors which affect the performance of the Banking industry in Australia. Threat of New Entrants: The threat of new entrants is low in Australias banking industry since there are a large number of barriers imposed by the Government of Australia. There are different forms of barriers such as economies of scale, reputation, capital requirements, government regulations, learning scope and switching costs. The government regulations specify that banks should possess approximately 8% of the capital in the total weighted assets. The government has implemented Base III capital reforms in order to define the minimum capital requirements. This has been done after the global financial crisis. It has been realized that the Basal III criteria ensures effective as well as higher quality capital for the global banks. The restriction in the capital requirements as well as the regulatory requirements results in the mere fulfillment of these requirements by the potential entrants. The threat of new entrants in the banking sector is reducing every year which is having a negative impact on the new entrants. It is true that the overall increase in the number of banks impacts the banking industry performance, however, it is being counterbalanced by the mergers as well as acquisitions of the weak banks. The new entrant performance is required to follow the different strategies which need to be implemented by the management. The biggest barrier in the banking industry concerning the new entrants is the trust factors. The customers do not usually trust the banks existing in the banking sector as there is an increased default risk. The present banks concern with the dealing of the financial information and hence the banks need time to gain the trust of the people. The industry people are willing to transact with the bank and provide them with their financial information who they assume to be trust worthy (Rothaermel 2015). The barriers which are being faced by the new entrants in the banking industry are usually based on the psychological parameters of the customers. Thus it takes long time to modify the behavioral aspects of the customers so that they would be availing the banking services of the institution. The small banks which are being opened in Australia, are trying hard to get customer trust at the regional level which can be used for the purpose of maximizing success of the business operations. Power of Suppliers The primary suppliers of the bank in Australia comprises of the legal services, financial market, accounting service providers and customers. The legal entities do provide legal services regarding contracts with the clients in the banking sector. The accounting firms do provide different services such as recording the banks financial information, auditing, preparing tax statements and formulation financial documents (Joshi Cahill and Sidhu 2010). The financial market is regarded as the supplier so that there is greater execution of the business operations. The customers can be compared to that of the depositors so that there are enforcement operations relating to lending which is closely related to the banking operations. The capital is being treated as one of the primary resources of the organization which is used as an option of receiving input so that there is greater level of outputs. The following four major suppliers deliver capital to the banks- Customer Deposits Loans and Mortgage Mortgaged Securities Lending from the recognized financial firms The utilization of the capital which is being offered by the suppliers are considered as an assured means of the banks being able to meet the withdrawal as well as borrowing expectations of the customers. The supplier power is based on the Australian market and the power is associated with major fluctuation between the high trend and medium trend. The new entrants need to maintain good interpersonal relationships with the suppliers so that they can sustain in the market for a long time. The new entrant should be highly effective so that the operational efficiency can be enhanced. There should be adequate supplier relationships so that the banks can have greater level of sustainability (Yap et al. 2010). It is the duty of the bank to maintain amicable relationships with the suppliers so that they can be incorporated well in the business operations. This would ensure that the businesses would have smooth operational flow for longer duration. Power of Buyers The banking industry enjoys adequate bargaining power so that there can be greater collaboration between the foreign, regional and national banks so that the customers are able to switch in between the banks as per as their choice. The power would enable the banks to be more competent as far as the pricing strategy is concerned. The customers for the banking services deposit the money in the banks and take loans from the bank. If the customers are not provided adequate services, then they would not be attracted to the banks. There are several banks in Australia which shape the nature of the banking industry. These banks belong to both the national as well as international sector. These banks formulate competitive strategies for ensuring greater profitability of these firms. The present customers of the bank are closely attached to their respective banks and hence the competitive banks need to spend high switching costs so that they can attract the customers of the competitors (Omarini 2016). The internet has provided one of the most convenient options of the bank so that the customers are able to select their banking services as per their preferences. These reasons have led to an increase in the buyer power concerning banking industry in Australia. A competent bank modifies their service levels according to the demands of the customers in order to get maximum return (Peppers and Rogers 2016). Thus, the new entrants need to maintain high levels of operational efficiency by fulfilling the needs of the customers. Availability of Substitutes The availability of substitutes can improve the competition level in the industry when there is availability of substitutes in the organization. The substitutes should be utilized in such a manner so that maximum number of customers can be attracted. This would also prevent the customers to switch to other brands (Pais and Stork 2011). The credit unions, building societies, insurance companies and others would provide substituted services which are uniquely provided by that company. The primary threat of new entrants in the banks is from the non-financial competitors in Australia and not only from the banks in Australia (Lodhia 2015). The banks do not face threat of substitutes concerning withdrawals, deposits or others. The non-financial services in Australia provide financial securities, bonds, insurance, mutual funds and fixed income securities. The substitutes have negative impact on the new entrant performance as the substitutes are offering higher returns. There are some payments which provide less service charges and they are provided by online platforms, which have increased speed of transactions. Competitive Rivalry The competition within the industry may relate to scale or size of the industry. There are 68 operational banks in Australia which includes 40 foreign banks, 20 foreign subsidiary banks and 8 domestic banks. There are four most important bank in Australia such as New Zealand Banking Group (ANZ), Westpac Banking Corporation (WBC), National Australian Bank (NAB) and Commonwealth Bank of Australia (CBA). The four banks have 72.08% of the entire industry in Australia and the new entrant should have potential so that sustain in the market for a longer period. The rivals among the different banks should address the high risk of the new entrants from entering the industry. The Australians banking industry is highly competitive and is influenced by several elements of the industry (Xia 2011). The customers would select the banking services which provide the best services in the market. The bank that provides greater conveniences, high rates, lower financing and investment services would attr act more number of customers. These additional features need to be incorporated in the banking services so that the new entrants are successful in luring the customers to buy their products or services. References Baumgartner, R. J., Ebner, D. (2010). Corporate sustainability strategies: sustainability profiles and maturity levels.Sustainable Development,18(2), 76-89. Cusumano, M. A., Kahl, S. J., Suarez, F. F. (2015) Services, industry evolution, and the competitive strategies of product firms,Strategic management journal,36(4), 559-575 Hollensen, S. (2015).Marketing management: A relationship approach. Pearson Education. Joshi, M., Cahill, D., Sidhu, J. (2010). Intellectual capital performance in the banking sector: An assessment of Australian owned banks.Journal of Human Resource Costing Accounting,14(2), 151-170. Lodhia, S., 2015. Exploring the transition to integrated reporting through a practice lens: an Australian customer owned bank perspective.Journal of Business Ethics,129(3), pp.585-598. McMillan, C. (2010). Five competitive forces of effective leadership and innovation.Journal of Business Strategy,31(1), 11-22. Omarini, A., 2016.Retail Banking: Business Transformation and Competitive Strategies for the Future. Springer. Pais, A., Stork, P. A. (2011). Contagion risk in the Australian banking and property sectors.Journal of Banking Finance,35(3), 681-697. Peppers, D. and Rogers, M., 2016.Managing Customer Experience and Relationships: A Strategic Framework. John Wiley Sons. Rothaermel, F. T. (2015).Strategic management. McGraw-Hill. Teeratansirikool, L., Siengthai, S., Badir, Y., Charoenngam, C. (2013). Competitive strategies and firm performance: the mediating role of performance measurement.International Journal of Productivity and Performance Management,62(2), 168-184. Xia, Y. (2011). Competitive strategies and market segmentation for suppliers with substitutable products.European Journal of Operational Research,210(2), 194-203. Yap, K. B., Wong, D. H., Loh, C., Bak, R. (2010). Offline and online banking-where to draw the line when building trust in e-banking?.International Journal of Bank Marketing,28(1), 27-46.

Legal Issues of Zoom Car Company

This paper discusses whether Zoom Car Company’s conduct of selling a car with faulty dashboard compass to Daniel Boone constituted a tort as presented in the hypothetical case? This question is significant because Zoom Car Company can only be held liable for Daniel Boone’s loss if its action significantly contributed to Daniel Boone’s physical harm. Zoom Car Company committed an unintentional tort by selling a car with faulty dashboard compass to Daniel Boone.Advertising We will write a custom essay sample on Legal Issues of Zoom Car Company specifically for you for only $16.05 $11/page Learn More Under torts law, Zoom Car Company should assume liability for any accident that occurs as a result of faults in its cars. Even though Corrigan Rulers Compasses and Slide Rules, Inc. also committed a tort by selling a faulty dashboard compass to Zoom Car Company, it is the responsibility of Zoom Car Company to ensure that all dashboard compa sses are in good condition before installing then in their cars. It is clear from the facts provided in the hypothetical case that Daniel Boone, the plaintiff suffered physical injury. It is also clear from the facts in the case that the plaintiff got lost while driving at night and drove into a high crime area mainly due to the faulty dashboard compass installed in his car. The main reason why the plaintiff opted to buy a car from Zoom Car Company was the fact that its cars had dashboard compasses and would thus assist him in finding his direction whenever he is lost. Daniel Boone’s loss was largely caused by the fact that his dashboard compass was faulty. It is as a result of this that Daniel Boone found himself in a high crime area and ended up with physical injury. Had his dashboard compass been in good working condition, Daniel Boone would not have faced such a misfortune and would have also not incurred any medical cost. Under torts law, the defendant is liable for the plaintiff’s misfortune as it would have been avoided if his car was installed with proper dashboard compass. The defendant unintentionally caused loss to the plaintiff and should thus take responsibility for his medical costs. While it is clear that the plaintiff suffered injury and incurred medical expenses, it is not clear whether the dashboard compass installed in his car was faulty at the time he bought this car from Zoom Car Company. There is a possibility that the plaintiff would have tempered with the dashboard compass. Besides, customers are always given the opportunity to confirm that goods are in good working condition before purchasing them. How come the plaintiff did not detect the faultiness of dashboard compass at the time he was purchasing this car? Is the defendant’s conduct outrageous to have caused the plaintiff his misfortune? Remember Zoom Car Company only installs dashboard compasses.Advertising Looking for essay on common law? Let's see if we can help you! Get your first paper with 15% OFF Learn More The company responsible for manufacturing dashboard compasses is Corrigan Rulers Compasses and Slide Rules, Inc. If the dashboard compasses was not properly installed then, the defendant would be liable. The plaintiff should be clear on whether the dashboard compass was faulty or not properly installed before placing any liability on the defendant. Under civil law, defendant is not directly linked to the plaintiff’s misfortune and, therefore, is not liable to his medical costs. If I was the charge presiding over this case, my ruling would be based on a critical analysis of the facts presented above. First, it is clear from these facts that both the plaintiff and the defendant contributed to the loss suffered by the plaintiff. Under comparative negligence rule, the defendant is only liable for the loss suffered by the plaintiff if he/she had the highest percentage of contribution to the loss. In this case, th e defendant contributed to the plaintiff’s loss by selling a car with faulty dashboard compass to the plaintiff. The plaintiff contributed to the loss through his negligence as he did not bother to confirm whether the compass was faulty during the purchase of the vehicle and by driving at night when he is not sure of his direction. Apart from comparative negligence, vicarious liability ruling is also applicable in this case. Under vicarious liability, the defendant is liable for harm caused to the plaintiff as a result of a legally binding relationship between them. While this ruling is most applicable when dealing with employee-employer relationship, in this case the car will assume the position of the employee and Zoom Car Company, the employer. It is due to the fault in the car that the plaintiff suffered damage. Since the car was bought from Zoom Car Company, the company should assume any liability arising from faults in the car. Besides, the plaintiff entrusted his futur e safety to the defendant when he bought a car with dashboard compass assuming that he will never lose his direction. The defendant is thus liable to his loss under torts law as its car failed to fulfill this responsibility. From this analysis, I can conclusively rule that the defendant is liable for loss suffered by the plaintiff. First, the defendant greatly contributed to loss through its negligence. The company ought to verify its devices before installing them to ensure that they are in good working condition. If this was done the damage suffered by the plaintiff would have been avoided. Second, as the company responsible for installing dashboard compasses in their cars, the plaintiff should assume any vicarious liability resulting from faultiness of this device. Zoom Car Company should thus assume liability for Daniel Boone’s medical costs.Advertising We will write a custom essay sample on Legal Issues of Zoom Car Company specifically for you for only $16 .05 $11/page Learn More This essay on Legal Issues of Zoom Car Company was written and submitted by user Reid Diaz to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.