Thursday, September 3, 2020

Organic Foods in India Essay

Reason †The motivation behind this paper is to explore the consumers’ dynamic procedure for acquisition of naturally delivered nourishments in India Design/philosophy/approach †Using previously existing examination model and scale, shaping theory, and testing its legitimacy in Indian setting. Utilizing advantageous examining (Tier 1, 2 B school Graduates) to assemble information for factor stacking. Kind of Research †Descriptive Research Introduction Organic creation framework is a framework that produces natural nourishments in concordance with nature and the earth. At the end of the day, this is a remarkable framework which guarantees that the â€Å"best practices† in the region of creation are used to guarantee that the yield is a solid and safe separated from having a positive harmonious impact with the earth. In this manner, one can say in lay man’s terms that a natural food item is one that has been delivered utilizing just characteristic specialists in the creation procedure. For most by far of mankind's history, food has been created naturally. It was uniquely during the twentieth century that new engineered synthetic compounds were acquainted with the food flexibly. Under natural creation process, the utilization of traditional non-natural pesticides, bug sprays and herbicides is vigorously controlled. On account of domesticated animals, they are raised without the standard utilization of anti-infection agents and development hormones. Situation in India Organic nourishments are quick transforming from a prevailing fashion to a genuine recommendation in India. Today, the scope of natural nourishments is growing to step by step discover its way into the normal Indian family unit. A characteristic purpose behind the equivalent is the rising wellbeing cognizance among Indian customers. Pegged at Rupees 6. 5 billion out of 2010, the natural food advertise is seeing the move from being an elitist to a sound item. In spite of the fact that creation and utilization figures for natural food in India are route behind the world normal, the market is presently giving indications of a solid development pattern. Gradually the obstacle of significant expense is being out-weighed by nourishment, quality and an opportunity to shape a protected domain. The natural food items advertise has been constantly confronting the issue of nonattendance of conspicuous brands, little scope of items, significant expenses and broken government arrangements and a general absence of retail nearness which has meant low interest in the household showcase. Despite this industry players are idealistic about the future possibilities, as they are of the sentiment that this industry holds a ton of guarantee. The fare business stays lacking with most makers being either little or minimal ranchers, little cooperatives or exchange reasonable organizations. The little ranchers, dissipated the nation over, offer an inadequate item extend that are for the most part accessible as a neighborhood brand. This is particularly an issue in created nations where the racks of a normal market is loaded with a huge scope of affirmed natural nourishments. Issue Statement The inquiry on everyone’s mind is the place precisely is the natural food industry missing the mark? What are the primary factors that impact a consumer’s choice to buy natural nourishments? The truth is that this region has experienced absence of intrigue/consideration and a low degree of exploration. In this way, our Problem Statement is as per the following â€Å"What impacts the choice to purchase natural food items in India? † Research objective The reason for this task is to comprehend the essential influencers that propel our objective investigation gathering of people having a place with the upper white collar class classification in their choice to purchase natural nourishments items in India. Since the understudies of the top B-Schools either have a place with or will be a piece of the previously mentioned class and will be beginning new families, they are a piece of center forthcoming client fragment for this market. Consequently, we have chosen to concentrate our examination on them. Writing Review Scope This exploration study centers around understanding the essential influencers inspire our subjects (people from the upper white collar class classification) to purchase natural nourishments. Understudies of B-Schools are from various foundations and sources. Most have a place with the upper white collar class classification and we can securely expect that those that aren’t will be a section after they graduate. In addition, they are likewise in that phase of life where they start their very own group and accept extra close to home obligations. This makes them proper subjects for this investigation. This investigation will break down their reactions concerning information about and demeanor towards natural food, and their affectability to the wellbeing and ecological advantages related with it. Sources and their Details: Honkanen, P. (2006), â€Å"Ethical qualities and intentions driving natural food choice†, Journal of Consumer Behavior , 5, pp. 420-430 The paper attempts to explore the job of moral intentions in consumers’ decision of natural food. The connection between moral food decision thought processes, perspectives and goal to expend natural food was concentrated by evaluating an auxiliary condition model. We had the option to understand moral thought processes better and were in this manner ready to fuse it under natural Consciousness. Donovan, P. , McCarthy R. (2002), â€Å"Irish Consumer inclination for natural meat†, British Food Journal, Vol. 104 No. 3/4/5, pp. 353-370 The paper attempts to analyze Irish impression of natural meat. It recognized three purchaser gatherings. Convictions and buy expectations of purchasers and non-customers were separated. Proposed factors prompting buy expectation were Health Consciousness, Perceived worth, Income and natural concern. After approval checks they had needed to make the develops less modified works because of low qualities. Aertsens, J. , Verbeke, W. , Mondelaers, K. , and Huylenbroeck, G. V. (2009), â€Å"Personal determinants of natural food utilization: a review†, British Food Journal, Vol. 111 No. 10, pp. 1140-1167 It utilizes theliterature concerning individual determinants of natural food utilization. This is the ? rst paper giving a thorough review and connecting the writing on natural food utilization to the qualities hypothesis and the hypothesis of arranged conduct, remembering the job of individual standard and centering for feelings. The proposed mix of mental handling in a natural food utilization model prompts intriguing speculations and suggestions for strategy producers, specialists and partners engaged with the natural food showcase. Padel, S. , Foster, C. (2005), â€Å"Exploring the hole betweenattitudes and conduct, Understanding why customers purchase or do notbuyorganic food†, British Food Journal, Vol. 107 No. 8, pp. 606-625 Its outcomes show that most buyers partner natural at ? rst with vegetables and leafy foods solid eating regimen with natural items. Foods grown from the ground are likewise the ? rst and as a rule just involvement in purchasing natural item. The dynamic procedure is intricate and the significance of thought processes and obstructions may shift between item classifications. The thought processes and boundaries gave in this helped us in adjusting the overview survey. Bread cook, S. (2004), â€Å"Mapping the qualities driving natural food decision, Germany versus the UK†, European Journal of Marketing, Vol. 38 No.8, pp. 995-1012. This examination investigates the reasons why the conduct of buyers in the UK and Germany has been so dissimilar notwithstanding the two gatherings of customers holding comparable mentalities about natural nourishments. This was finished by exploring the fundamental qualities driving food decision conduct utilizing implies end hypothesis and Laddermap 5. 4 programming. The prevailing methods end chains of command were revealed and the psychological procedure mapped. {draw:frame} Makatouni, A. (2002), â€Å"What propels buyers to purchase natural food in the UK? , Results from a quantitative study† , British Food Journal, Vol. 104 No. 3/4/5, pp. 345-352 Its principle goals are to distinguish convictions, regarding natural food, of guardians who purchase and don't accepting natural food; the positive just as negative perspectives towards natural food of the individuals who purchase and don't accepting natural food; the effect of those mentalities on food decision for guardians who purchase and don't accepting natural food; and to show the food decision conduct of guardians concerning natural food. It utilizes both subjective and quantitative techniques. This paper additionally utilizes the methods end chain approach. The key thought is that item characteristics are a methods for shoppers to acquire wanted finishes. It gives an extremely nitty gritty methods end chain which helped us finish a few parts of our poll. Magistris, T. , Gracia, A. (2008), â€Å"The choice to purchase natural food items in Southern Italy†, British Food Journal , Vol. 110 No. 9, pp. 929-947 Its discoveries give more proof on consumers’ fundamental inspirations to purchase natural food to the previously existing proof in Europe to assess the future usage of the Regulation (EC) no. 834/2007 of 28 June 2007 on natural creation and naming of natural items. Notwithstanding this the experimental outcomes would help nearby arrangement creators to set up suitable market systems to build up the future interest for these items. It demonstrates that consumer’ perspectives towards natural food, specifically towards the wellbeing property and towards the earth are the most significant components that clarify consumers’ dynamic procedure for natural food items. It has been discovered that bigger data on the natural food advertise, which drives to a higher consumers’ natural food information, is significant in light of the fact that it emphatically in?uences consumers’ mentalities towards natural food items. It likewise that buyer who attempt to follow a solid eating routine and healthy lifestyle are probably going to have increasingly inspirational perspectives towards natural food items and towards the earth, instigating a more probable aim to buy natural nourishments. This paper give

Saturday, August 22, 2020

Operations in hilti company Essay Example for Free

Activities in hilti organization Essay You are the administrator of a firm selling item X in a serious market. You consider composing a market report on X. Because of some financial changes, there is critical increment in the wages of laborers. If you don't mind compose a report about the normal consequences for the market balance cost and balance amount of item X. the accompanying focuses assist you with sorting out your report: 1. Show the impact of this occasion on flexibly and/or on request. 2. Break down what will happen to showcase harmony cost and balance amount in the short run. 3. On the off chance that wages are required to proceed at more significant levels, dissect what will happen to advertise harmony cost and balance amount over the long haul. The serious market is one of the sort of monetary market structure. In a serious market the cost is resolved through the powers of interest and gracefully. The accompanying exposition the impacts of increment on compensation on item value, amount exchanged, and the gracefully and request. The interest is the need or need of the individual with the readiness to buy the great at a specific cost. The interest is adversely corresponded to cost. As the cost expands the amount requested reductions. The gracefully is the craving and readiness of the provider to sell the item at a specific cost. The descending slanting bend speaks to request. Flexibly is decidedly associated to cost. As the cost builds the amount provided increments. Consequently, the positive inclining bend speaks to gracefully. In the serious market where request and gracefully meets is the harmony point, which shows the balance cost and amount exchanged. This is delineated in the accompanying chart. The expansion in compensation, expands the expenses of the item. This at that point will diminish the flexibly acquiring a move the gracefully bend. The move of the flexibly bend happens when any factor with the exception of value changes welcoming an impact on gracefully. The expansion in cost of creation will lessen the flexibly at level of the cost since now it has gotten all the more expensive to deliver the gracefully. The flexibly bend will move towards left. The accompanying chart shows that the flexibly bend S1 has moved to S2. This has expanded the market balance cost in the short run from P1 to P2. The amount exchanged has diminished from Q1 to Q2. Long? Run advertise flexibly bend. The short? run advertise flexibly bend is only the even summation of all the individual firms gracefully bends. The long? run advertise gracefully bend is found by inspecting the responsiveness of short? run advertise flexibly to an adjustment in showcase request. As the wages will increment, over the long haul the cost will diminish and the amount exchanged will increment in light of the fact that there will be more contestants into the market and the opposition will lessen the cost of the item. In any case, the benefit levels will likewise diminishes because of the expansion in the wages. Question 2 You’ve been recruited by a firm to decide if it should close down its activity. The firm right now utilizes 70 laborers to deliver 300 units of yield for each day. The every day wage (per specialist) is $40, and the cost of the firm’s yield is $20. The expense of other variable information sources is $500 every day. The organizations fixed expense is $3000 every day. You realize that the minimal expense of the last unit is $30. 1. Figure the firm’s every day misfortunes 2. Should the firm keep on working at a misfortune? Cautiously clarify your answer. Absolute day by day misfortunes are the accompanying: Description Cost/Revenue Total cost Total every day deals 300 x 20 6000 Daily complete wages 70 x 40 2800 Variable data sources 500 Fixed costs 3000 Total Cost 6300 Daily misfortunes 300 According to the benefit boost hypothesis, every unit sold, negligible benefit (M? ) rises to minor income (MR) less peripheral cost (MC). At that point, if peripheral income is more noteworthy than minor expense at some degree of yield, minimal benefit is sure and along these lines a more noteworthy amount ought to be created, and if negligible income is not exactly minor cost, minor benefit is negative and a lesser amount ought to be delivered. At the yield level at which minor income rises to minimal cost, peripheral benefit is zero and this amount is the one that boosts benefit. For this situation, the peripheral benefit is negative as concurring in serious market minor income is equivalent to cost henceforth, it is $20 and minimal expense being $30, this equivalents to - $10. The organization ought not work at a misfortune. Question 3 Given the information of the last inquiry (2), the proprietor of the firm proposed that misfortunes can be decreased by terminating a few specialists. On the off chance that you found that the minimal result of the 70th laborer was 4units of yield every day, do you concur with the proprietor to diminish work so as to decrease misfortunes? It would be ideal if you clarify cautiously. The peripheral result of work is the adjustment in the yield contrasted with the adjustment in the quantity of work. Thus, the 70th work is delivering 4 units for every day as per the information given in the inquiry. The peripheral result of work is 4. So as to decide the interest of work, the estimation of minimal item will be determined. The estimation of peripheral item should equivalent to cost of the item which is the minimal income (MR) with the negligible result of work (MRP). Up to a worker’s estimation of negligible item surpasses the compensation, the specialist is employed. But since the minimal item is reducing, in the end such huge numbers of laborers will have been employed that the estimation of the peripheral result of an extra specialist would be not exactly the pay. Now the employing will stop. A firm recruits work up to where the estimation of peripheral item rises to the pay rate. On the off chance that the estimation of peripheral result of work surpasses the pay rate, a firm can build its benefit by utilizing more specialists. This can be added in the accompanying manner: Where TR = complete income; Q = amount MR x MPL = (? TR/? Q) x (? Q/? L) = ? TR/? L Hence, for this situation the estimation of peripheral item is: MR X MPL = 20 x 4 = 80 Wage rate = ? TR/? L = 40 The organization should keep on recruiting more work as the peripheral item will lessen which will in the long run bring the minimal income result of work down until the pay rate is equivalent to the minor income result of work.

Friday, August 21, 2020

Latinos as into the United States Essay Example | Topics and Well Written Essays - 1000 words

Latinos as into the United States - Essay Example Components driving Mexican movement to the United States in 1848-1945 Mexican unrest in 1910 was the push factor that started a huge mass migration of Mexican workers toward the southwest however this push harmonized with a draw power in United State of financial turn of events (Ornelas, 1999). Monetary advancement primarily in California, Arizona and Texas contributed by broad water system framework, expound transport framework and the interest instigated by World War 1 (Ornelas, 1999). Social and financial precariousness in country made Mexican workers be pulled in United State where untalented workers in southwestern businesses were paid even multiple times better contrasted with comparable ventures in the nation of origin (Ornelas, 1999), accordingly higher pay was the alluring draw power to Mexican. As indicated by Ornelas branch of work in 1914 announced that around 8000 outsiders principally of Mexican had entered United State at Eagle pass, Significant northward development by Mexican worker started with development of Mexican railroad associating United State bordertowns with Mexico city and extraordinarily expanded with fulfillment of development of rail street in 1980’s (Ornelas,1999) this is on the grounds that rail street gave the most well-known method of transport for Mexican migrant.aso vehicle transport gave another methods for transport to United State (Ornelas,1999). Because of strengthened military activity after the death of President Francisco Madero, numerous individuals were terrified and this lead to extended element of development over the fringe and numerous Mexican wound up in United State (Ornelas, 1999).

Saturday, June 6, 2020

Case Study And Answering Questions Fraud Symptoms - 825 Words

Case Study And Answering Questions: Fraud Symptoms (Case Study Sample) Content: Name of StudentName of ProfessorCourse NumberDate of submissionA Case Study: Case 7 1 According to the case study, below is a list of the revenue-related fraud symptoms as well as schemes used.The use of revenue-related fraud symptoms and schemes result in overstating a firms revenues as well as its net income. These schemes are many and can involve various transactions to accomplish certain tasks therefore, it is crucial to know the repercussions of these schemes. According to the case study, the following are revenue-related fraud symptoms and schemes used: * The act of funneling/channeling loans from banking institutions via third parties with the aim of making it seem like the customers have already paid the loan when they have not. * Deliberately providing incomplete information or even false information to auditors and conspiring to block the auditing process taking place within the firm. * The act of factoring the unpaid receivables to the banks with the aim o f obtaining up-front cash. The bank was given the permission to take the money back if they could not make to collect from the customers belonging to the company. In addition, the side letter concealed from the auditors gave these banks the permission. * The other fraud act was about the bulkiness of the companys sales which was as a result of managers waiting till the end of the quarters days in order to sign the contracts, the contracts that would boost the companys quarterly sales hence meeting the managers sales targets. This meant that the higher the companys sales during a certain quarter, the higher the bonus for the executives. 2 This is a discussion on how actively searching as well as understanding revenue-related fraud symptoms could have led the companys auditors in discovering the fraud acts.To begin with, the best way to actively search for these fraud acts is to search careful for the analytical symptoms that focuses on the financial statements, to search for the acco unting or documentary symptoms for example journal entries, to search for the control environment weaknesses, to search for any complaints or tips made and to search for any behavioral or verbal and lifestyle symptoms. If any of these symptoms are detected, then it is crucial to make sure that these symptoms are immediately followed up. Understanding the value of follow-ups and approaches to use as far as the fraud symptoms are concerned is important because follow-ups ensure that symptoms are investigated to help determine and prove whether they are fraud related or coincidences or if a fraud has been c...

Sunday, May 17, 2020

Symbolism in Poe’s Works Essay - 1166 Words

Many authors often use symbolism to express a deeper meaning. They use the symbols to connect an unrelated thought or feeling into their literary work they are writing. Edgar Allan Poe frequently uses this literary device in his works. Symbols are many times seen in his poems and in his short stories. Many symbols are evident in Poe’s works â€Å"The Raven,† â€Å"The Tell-Tale Heart,† and â€Å"The Black Cat.† Because Poe’s works are typically dark, his use of symbols is in a dark way. Although there are many types of symbols manifested in these stories, Poe’s works generally include a symbol that eludes death or the end of something and many include references of sight and vision. Edgar Allan Poe uses many different symbols of death or the end in his†¦show more content†¦A prophet is a proclaimer of God’s will, sees what is coming before those who he proclaims it to, representing sight, while the raven is dark and mysterious being a symbol of death (â€Å"The Raven† 286). Other uses of symbolism in the poem include Poe’s reference of the goddess Pallas and use of archaic words symbolizing the past and how the narrator is stuck in the past (Silverman 240). The narrator is trapped in a time where he believes he will be with Lenore again. The raven being perched on the bust of the goddess Pallas is also a symbol of the narrator’s belief that the raven is speaking a truthful and wise answer, for the Pallas is the goddess of wisdom, even though the raven cannot have thought provoked answers (Hallqvist). In the short story, â€Å"The Tell-Tale Heart,† Edgar Allan Poe uses many varying symbols, symbols that represent more than one feeling or idea. The old man’s eyes in the story are symbolic of a few things. The eyes are symbolic of how old man had a distorted view of the world which could possibly be why the narrator felt he had to kill the old man. The narrator calls the e ye the â€Å"vulture eye† symbolic of the narrator’s feeling that because of the eye the man is evil (â€Å"The Tell-Tale Heart†). Kenneth Silverman says, â€Å"... eyes in Poe’s works arouse the dread of being consumed† (207). This is similar to how the narrator felt that the old man’s eye was controlling and took over its surroundings. Poe also portrays a blindness symbolizedShow MoreRelatedTheme Of Symbolism In Edgar Allan Poe1164 Words   |  5 PagesSymbolism Throughout the Works of Edgar Allen Poe The American author, Edgar Allen Poe, had a life filled with much hardship, such as, death and loss, these hardships often reflected in his poems and story’s as the topic of most of his works seemed to revolve around those subjects. Poe used extensive symbolism in his works, symbolism is usually defined as something such as an object, idea, place, or person, used for or regarded as representing something else. The most common symbolism regarding toRead MoreComparison and Contrast: A Rose for Emily by William Faulkner and The Cask of Amontillado by Edgar Allan Poe929 Words   |  4 Pages The short story, as with other literary forms, is not defined by its actual parameters. Subject and theme may be as varied as those within full-length novels, just as the authors individual style plays an inevitable role in shaping the work. That said, there is a common element uniting short stories; they usually create impact due to the brevity itself, which authors typically rely on to make a more direct impression. Condensed, the form offers more overt power, and this is evident in howRead MoreEssay about Edgar Allen Poe: The Raven1151 Words   |  5 PagesEdgar Allen Poe: The Raven Creating the Melancholic Tone in â€Å"The Raven† Edgar Allan Poe’s The Raven, representing Poe’s own introverted crisis of hell, is unusually moving and attractive to the reader. In his essay entitled The Philosophy of Composition, Poe reveals his purpose in writing â€Å"The Raven† and also describes the work of composing the poem as being carefully calculated in all aspects. Of all melancholy topics, Poe wished to use the one that was universally understood, death; specificallyRead MoreEdgar Allan Poe s The Masque Of The Red Death1225 Words   |  5 Pagesobvious string of religion connecting most works to the core of their beginnings. From creation stories of tribes, to colonial poems, to the twisted mind of Edgar Allan Poe, there is a connection. Poe’s â€Å"The Masque of the Red Death† may not seem to portray the ideas of religion but through close examination, the association will become less cloudy. Poe’s use of symbolism, na rrator, word choice, helps readers unmask the idea of religion. Poe’s use of symbolism is very evident throughout the story ofRead More An Analysis of Edgar Allan Poes Annabel Lee Essay1524 Words   |  7 PagesAn Analysis  of  Edgar Allan Poes Annabel Lee In life, as in death, Edgar Allan Poe evoked a feeling of sympathy from his readership.   Those who knew him well considered him deep, mysterious and contemplative; thus, coupled with the copious tragedies he suffered throughout his life, especially the loss of his first wife Virginia, it is easy to understand how the author brings out the theme of Annabel Lee through personal/setting imagery, repetition of words and rhythm/rhyme.   AnnabelRead MoreSymbolism In The Masque Of The Red Death766 Words   |  4 PagesIn Edgar Allan Poe’s short story â€Å"The Masque of the Red Death† he uses literary elements such as allusion, symbolism, and allegory to convey that death is inevitable. In the short story, Poe uses the literary element of allusion. Poe alludes to 1 Thessalonians 5:2 from the bible when he compares the characterization of the Red Death as â€Å"coming like a thief in the night.† This illustrates how the plague is devious and comes without warning. Poe also alludes to Shakespeares work â€Å"The Tempest.† Read MoreThe Melancholic Tone of The Raven by Edgar Allan Poe Essay928 Words   |  4 Pages Edgar Allan Poes The Raven, is representing Poes own introvertedness, which is strangely moving and attractive to the reader. In his essay entitled The Philosophy of Composition, Poe reveals his intent in writing The Raven and also describes the work of writing the poem as being carefully calculated in all aspects. Of all melancholy topics, Poe wished to use the most understood, death, specifically death involving a beautiful woman. The tone in Edgar Allan Poes The Raven representsRead MoreThe Cask Of Amontillado By Edgar Allan Poe1575 Words   |  7 Pagesinfluenced by his somewhat tragic life and one of the most influential Gothic writers, uses symbolism and irony to show the multitude of complicated motives of the narrator in his famous horror story. Upon examining Edgar Allan Poe’s life, one is not surprised that he chooses to write such gloomy and sinister stories. Poe’s life is far from happy and nurturing. According to the World Book Encyclopedia, Poe’s father deserts him at a very young age. Shortly afterwards, his mother dies and he becomesRead MoreIsolation In The Fall Of The House Of Usher1211 Words   |  5 Pagesfrom the public, the man’s life was as ominous as his fiction. This essay will discuss the reason behind the writing of one of Edgar Allan Poe’s short stories. In The Fall of the House of Usher by Edgar Allan Poe, we catch an understanding of his hapless backstory and lonely childhood through his use of symbolism, mood, and characterization. Poe uses symbolism to represent segments of his lonesome life. The first symbol is the isolation within the characters. The narrator, Rodrick Usher, and MadelineRead MoreThe Presence of Symbolism Throughout The Black Cat and â€Å"The Cask Of Amontillado† by Edgar Allan Poe718 Words   |  3 PagesEdgar Allen Poe’s career his stories and works of art have all carried their own distinctive independence, but one of the very few things that most stories by Poe had in common was the literary element of symbolism. Symbolism is the practice of representing things by symbols, or of investing things with a symbolic meaning or character. In Poe’s works such as â€Å"The Black Cat† and â€Å"The Cask Of Amontillado† Edgar illustrates the mental state of his characters through the use of symbolism. In the story

Wednesday, May 6, 2020

Obesity And Obesity Among Hispanic And African American...

Diabetes and Obesity Name Institution Diabetes and Obesity Abstract There exists a close relationship between diabetes and obesity. The two conditions have troubled the global sector, leading to numerous deaths and excessive expenditure. This study evaluates the relationship between exercise/diets with obesity and diabetes among Hispanic and African American populations. The two communities face challenges of contracting diabetes and obesity owing to their lifestyle. There is much to compare among the African American and Hispanic people as far as their culture and observance of healthy living are concerned. The study also presents a future projection of the issues that need addressing to mitigate obesity and†¦show more content†¦African Americans The most notable problem that has intensified the problem of diabetes and obesity among African Americans is diet. The trajectory of African American lifestyle is characterized by misfortunes rendering their dietary situation vulnerable (BorrellSamuel, 2014). From the historical factors that led to their presence in the foreign country, the Africans were subjected to a diet that was not friendly to their health. Used as machines by their masters, Africans found their eating habits in a cultural framework that emphasized on proteins to make them energetic and able to work. Therefore, the unprecedented subjection to unbalanced diet started from the moment they set foot on the new land. According to Heuman, Scholl, Wilkinson (2013), unavailability of healthy food and the destitute amount of resources to secure healthy eating has been inimical to healthy living among African Americans. Indeed, owing to the poor economic background, most Africans rely on fast food outlets and takeaways t hat comprise unhealthy and chemical-induced meals concentrated with calories and fats. The current state of African American health is sickening. The manifestation of sedentary lifestyle multiplies the problem of leading to detritions of health (Sucher, Kittller, Nelms, 2016). Although this state is real among all populations in the UnitedShow MoreRelatedChildhood Obesity Among African American And Hispanic American Families Essay1534 Words   |  7 Pages1. Statement of the Problem/Phenomenon of Interest This study was designed to investigate the problem of childhood obesity among African-American and Hispanic-American families in a rural school district in southeast Texas. In 2008, there were 200 million males and nearly 300 million females who were obese and approximately 42 million children, five years and under, were obese in 2013 (World Health Organization Factsheet 311, 2014). First Lady Michelle Obama launched her LET’S MOVE! initiativeRead MoreThe Prevalence Of Overweight / Obesity1616 Words   |  7 PagesStatement: POPULATION/PATIENT PROBLEM: Both researchers studied the incidence of overweight/obesity in African-American children. One related it to the low socioeconomic status of the caregivers (SEP) and this study/research was conducted in Pitt County, North Carolina. The other research, four childhood obesity perceptions among African-American caregivers in a rural area Georgia community relates overweight/obesity on the parents’ level of education, income, eating habits and lack of physical activitiesRead MoreA Brief Note On African American Adults And Obesity1480 Words   |  6 PagesProfessor Weinshenker November 17, 2016 African American Adults and Obesity Introduction: In the US, there are tremendous disparities in health outcomes across different racial and ethnic groups. Non-Hispanic, African American adults, in particular, are known to â€Å"bear a disproportionate burden of disease, injury, death, and disability† when compared to the rest of the population. Many factors contribute to these disparities. According to the CDC, among the contributors are â€Å"socioeconomic factorsRead MoreThe Influence Of Obesity In America808 Words   |  4 PagesWithin the last decade, the rate of obesity has been increasing. In 2012, at least one-third of U.S. adults were obese.1 It is expected by 2018 that the number of obese adults increases to half of U.S. adults.2 The rates for children and adolescents are increasing as well. In 2012, about seventeen percent of children and adolescents were obese.2 However, the number of obese individuals vary throughout the U.S. The South and Midwest have a higher prevalence of obesity while the West and Northea st haveRead MoreObesity And The World Health Organization1701 Words   |  7 Pagesliving continue to boost, weight increase and obesity are posing a rising threat to certain well-beings in countries all over the world. Obesity, now confirmed as a nationwide endemic by the Centers for Disease Control and Prevention (CDC), is likely to get worse and amplify over time. â€Å"The World Health Organization (WHO) predicts there will be 2.3 billion overweight adults in the world by 2015 and more than 700 million of them will be obese† (Obesity: in Statistics, 2008, 2nd Statement). It is definiteRead MoreThe World Health Organization (Who, 2016) Has Recognized1510 Words   |  7 Pages The World Health Organization (WHO, 2016) has recognized childhood obesity as one of the most significant public health issues of the 21st century. In 2011-2014, the prevalence of obesity among children living in the United States aged 2-19 was 17% (Ogden, Carroll, Fryar, Flegal, 2015). While this percentage has stabilized in the past 10 years, millions of children are affected by this disease and at risk for chronic comorbities (Shapiro, Arevalo, Tolentino, Machuca, Applebaum, 2014). UnfortunatelyRead MoreEssay On Obesity In African American Children1524 Words   |  7 Pages Obesity in African American children between the ages of 2-19. Obesity in African American children has been found to be much higher than in Caucasian American children. There is almost a 6% disparity between them. Alarmingly, this continues to grow and is currently affecting younger children in the African communities. A survey polled between 1999 to 2012 showed the following: 35.1 percent of African American children ages 2 to 19 were overweight, compared with 28.5 percent of WhiteRead MoreHealth Disparities Within Dekalb County1709 Words   |  7 Pageswell-being of its communities today as it relates to cultures and institutions. The population of African Americans is higher in Georgia than in the United States because of the transatlantic slave trade, which brought an abundance of African Americans to the state by force. The history of slavery still impacts African Americans today and causes many health disparities that can be seen around the world not only in Georgia. The obvious and tragic impact of health disparities in our communities is the disproportionateRead MoreChildren And Obesity783 Words   |  4 Pagesis considered to be obese. The rates of obesity, however, vary by age. 8 percent of children between 2 and 5 are obese. Among those between 6 and 11, 18 percent of these children are obese (Segal, Rayburn, Alejandra, 2016). Finally, 21 p ercent of those 12 and 19 years are obese. As mentioned before, obesity among children between 2 and 5 are decreasing. But those among age groups 11 and 19 are increasing. This may explain the constant rate of obesity among children. Variation in Gender, Race andRead MoreThe Healthcare Delivery System of the United States: Obesity715 Words   |  3 Pages The healthcare delivery system of the United States: Obesity Introduction One of the primary health concerns in the United States is that of the obesity epidemic. Currently, more than one third of adults older than 20 years are obese (James et al 2012) This is of concern to all Americans because the United States healthcare system fuses both a public and private approach to healthcare. Most individuals with health insurance obtain healthcare through their employers; those that do not must

External Environment Analysis of Walmart †Myassignmenthelp.Com

Question: Do External Environment Analysis of Walmart? Answer: Introduction Wal-Mart is one of the largest retailing chains in the worlds supermarkets industry. This biggest chain of retailing stores is of 54 years old. It is founded by Sam Walton and His family is the current owner of the company (Wal-Mart, 2017). Walmart is headquartered in Bentonville, Alaska, United states. It has captured the worldwide area of the retailing china market. Furthermore, the company has approximately 11,695 stores and 2.3 million employees working under them in the whole world. There are four divisions of Walmart that is Global ecommerce, Walmart international, Sams club and Walmart U.S. (Wal-Mart, 2017). Along with this, company has various subsidiaries that offers many products and services plus expanded its business in several countries with different names such as Walmart Canada, Walmart Mexico, Walmart Chile, Walmart de Mxico y Centroamrica, @WalmartLabs, Walmart Neighborhood Market, Asda, Amigo Supermarkets, Vudu, Massmart, Seiyu Group, Bompreo, Lder, Jet.com, Hayneed le, Moosejaw, ModCloth. The earnings before interest and tax in 2016 were US$22.76Billion and total revenues as US $ 13.64Billion (Wal-Mart, 2017). In this present case, internal and external environment of the Walmart has been analyzed using different tools and techniques such as 7 S McKinseys model, Porters value china strategy, Porters generic model for competitive advantage and Porters five force model along with SWOT analysis and PESTEL analysis (Harrison and St. John, 2009). This study will explore the entire strategic management of Walmart stores with the view on the culture and structure of the organization. External and internal factors that influence the Walmarts position in the retaining industry and local markets of US are also being investigated in the current research. Thus, this research is very imperative in analyzing the overall concept of management and related strategies which has provided a wide success to Walmart. Internal Environment Analysis of Walmart This section is examining the objective and goals of Walmart with the help of McKinsey analysis to detail about the capabilities and competencies of an organization that entails the investigation of Share value Strategy, Structure, System, Style, Staff and Skill (Furrer, 2010). Moreover, the value china analysis and companies culture will be illustrated in this study. In addition to this, section will explore strength and weaknesses and strategies that helped the company in attaining competitive advantage of the company as below: 7S McKinseys Model This model enables a user to determine and analyze the capabilities and competencies of the organization. It analyzes improvement areas where the top management can focus on the desire of the customers and manufacturing products accordingly. Along with this, it helps in increase in the performance and profitability of the company (Filho, et. al., 2010). It also aids company in change of management such as acquisition and merger. Furthermore, 7S McKinsey model gives information about the near changes in the future and explores the opportunity to execute the apt strategies according to the situation. In case of Walmart, 7S McKinsey Model is described to analyze the internal environment of the organization as follows: Share value: Values and mission of the organization is one of the most important aspects that provides the target goal to the company and create base for all other six Ss (Davies and Ellison, 2003). It embraces organizational culture, team culture, and work culture of Walmart which is foundation of strength of the organization. It involves work ethics and corporate culture (Wal-Mart, 2017). The vision statement of Walmart is To be the best retailer in the heart and heart of consumers and employees. The companys objective is providing various qualitative services to the customer with a low budget. Walmart has a shared value in the areas like local community, opportunity and sustainability. Strategy: the company has pertinent focus on reducing the cost of the products and services offered to customers. Walmart has a tendency to facilitate all the products in a single roof to buyers and with a lowest price from other retailers (Janet, et. al., 2015). It also caters flexible and advanced way of shopping. The company has a vision to grow and expand in every countrys retail industry as a strategy. Structure: the company performs its management of system and entire control and monitoring of the organization from headquarter at Bentonville (Wal-Mart, 2017). Walmart doesnt have any regional office and has a geographic structure. The company has a formal structure with specialized tasks. The approach for structure of company is mechanistic. System: Low prices strategy is the basis and mission of Walmart to achieve in day to day operations. To make the operations flexible integration of information technology helps the company at the time of point of sale (Janet, et. al., 2015). For the purpose of speed delivery and reduce the wastage and inventories, the company has incorporated information technology network and computers in the store. The system of organization also controls and monitors the standards and policies incorporated with the HRM system and RFID system which should be executed effectively. Style: a strong leadership style and management style is essential for the company like Walmart because its business is expanded and has various department to operate (Filho, et. al., 2010). The company should also consider creating and maintaining its style by reviewing and changing styles. Moreover, for convenient functioning of operations, the company should consider to take care of staff gaps. Staff: Walmart has enormous employees around the world and management with employee satisfaction is a need of the company. Along with this, their jobs and responsibilities are clearly defined by the management which is competent with the current requirements (Filho, et. al., 2010). Training programs and development programs also facilitated for each division. Performance measurement with the regular feedbacks is also necessary to review staff management and their work pattern. Company also encourages womens empowerment at a global level. Skill: One of the most common skill challenges is job allocation to the suitable employee. Thus, Walmart has also this issue and recommended to curtail this issue to match the individual skills with the profile of the job (Janet, et. al., 2015). Additionally, to motivate employees as a strong leader, strategies like appreciation, rewards and encouraging activities should be taken for effective and efficient team work. Company considers high technical skilled employees for their operations and functions. Porters Value Chain Analysis Value chain analysis provides analytical framework to achieve competitive advantage and analysis of value creation in the business activities (Mason and Evans, 2015). Porters value chain analysis is divided into two parts that is primary and support activity and associated department within these activities are logistics, operations, marketing, sales and service as well as firm infrastructure, human resources, technology development and procurement that gives a reasonable margin (Mason and Evans, 2015). Walmart value chain is very effective and efficient that manages the lowest cost price of the company ensures the competitive edge to the company as cost leader in the retailing market of U.S. detailed examination of the value chain of Wal-Mart is as follows: Primary Activities Inbound logistics: Suppliers of about 50% Wal-Mart products are from Overseas and non-store inventory of Wal-Mart.com has 75% of the product sales (Wal-Mart, 2017). The inbound logistic are based on the three fundamentals that is minimum use of links associated with the supply chain, development of new partnership with various vendors and using inventory strategies like cross docking. The company prefers to manage it supply chain operation with directly to the manufacturers rather than any local supplier (Jolibert, et al. 2012). It has facilitated optimistic results to the company as t is reviewed in many of the past articles and journals which proves this claim. The company is persistently improving its supply chain management and holding the market position as a very effective cost management in value chain strategy. In addition to this, the negotiation of the company is very strong and not at all flexible with business partners. The bargaining power of vendors is very strong in Wa l-Mart which ensures its competitive advantage over other firms (Mason and Evans, 2015). The company always forms a strategic partnership considering sustainability prospect and high volume buying of products in a lower cost from the suppliers. Moreover, the loading and unloading procedures are very flexible for the truck drivers. Railroad cars and semi-trailer trucks are used to move material from one place to another and there is no other storage center in between the transfer from inbound and outbound truck. Operations: Wal-Mart operates in more than 27 countries in the world and has around 11250 stores around the world. More than 2.3 Million customers are being offered its products and services each week (Wal-Mart, 2017). Company has wide range of operational divisions such as supercenters, supermarkets, hypermarkets, warehouse clubs, including specialty electronics, Sams Clubs, restaurants, home improvement, digital retail, apparel stores, cash carry, convenience stores and drug stores. Mainly company has notable three divisions that contribute maximum earning to the company including Wal-Mart U.S., Wal-Mart international and Sams Club (Wal-Mart, 2017). The company functions around 50 states in US and all the stores are connected with the digital retailing facility. Additionally, Porto Rica and Washington D.C. are also included in this segment. More than 60% of sales are being recorded from Wal-Mart U.S. in previous years. Estimate of 28% sales is from Wal-Mart international that oper ates as retailer as well as wholesaler outside of the U.S (Wal-Mart, 2017). This company has also established its business globally by acquisition and mergers. Additionally, Sams club has 48 states in its range operated with digital retailing and contributes more than 11% in the revenue segment of the Wal-Mart group. Outbound logistics: the company has complex and multipart outbound logistics. 11 out of 27 countries are operating in digital retailing as well. The size of the stores are also varies and Wal-Mart operates in wide size such as 1.2 million square ft. The company uses its recourses optimally and in a very systematic manner (Wal-Mart, 2017). Cost reduction and operation efficiency are the main motive of his resource. The effective strategy implement in loading building solution has saved the extra cost of the company plus fully utilized the diesel fuel expenses in an appropriate manner. Marketing and Sales: the company emphasized and hypes the convenient access of customers via carious channels, brand image of the company and highly competitive prices (Jolibert, et al. 2012). The company also has assortment of product in its store in a single roof experience. The company has online and an offline benefit that attracts the potential customers plus sustainability is motive of Wal-Mart as a cost leadership business strategy internationally. Along with this, Wal-Mart is focused to the target customers and facilitates marketing messages to the potential segment (Wal-Mart, 2017). Services: The service of the company is very superior but has issues in representation such as customers service problems. This problem arises in order to attain competitive edge company pays sets low wage rate to the employees (Mason and Evans, 2015). On the other hand, company is constantly trying to improve its customer services and issues related to low wage report. 1.3.2 Support Activities: it involves major structures of the company such as firm infrastructure, human resource management, technological development and procurement (Jolibert, et al. 2012). Support activities help the primary activities in operating the functions of the company with more clarity along with it encourages the improvement in value chain.; Porters Generic Model of Competitive Advantage Porters model of generic strategy is based on the attainment of competition advantage which sustains and creates the better performance of organization (Thompson, 2001). Walmart has also implemented the generic strategy of cost leadership to capture the wide market and achieve competitive edge of lowest cost in the retailing market. There are three types of scopes a company have to capture market with suitable strategy. First, cost leadership that helps in reducing the cost of the product/services and raising the profits of the organization by choosing average price strategy in the industry (Tanwar, 2013). With the fall in the cost of product, market share also increases per share and company charges less prices for shares but still able to make a good profit. When a company accomplishes cost leadership strategy basic factors that help in successful attainment involves effective value chain and logistics, capital invested in technology to abate the cost price of products and low capital base for labor, facilities and materials (Thompson, 2001). Second is differentiation strategy that offers unique and innovative products/services to the customers than other competitors (Crosson and Needles, 2007). The factors that influences it includes nature of industry, product/service offered to customers and its related functionality, support services, durability, features and brand image. High quality and innovative product and services with the aggressive marketing and sales techniques provide assistance to the organization to embrace cost differentiation (Tanwar, 2013). Third is focus where a company chooses any of the one strategy to capture the niche market. The companys emphasized on the brand loyalty of customers with these two strategies that is cost leadership or differentiation. Lastly is hybrid strategy that implies when company applies both the strategies simultaneously. In the present scenario, Walmart focuses on delivering its goods and attaining competitive advantage with the cost leadership according to the porters generic theory. It maintains its lowest price of product and services at the point of sale (Wal-Mart, 2017). Incorporation of information technology in operation and reduced wages of employees helps the company in achieving lowest cost of products and services. The company determines the operation cost lowest as compared to other retiling organizations. The capital investment is very selective by the company and each operation is considered equally important in saving the money like low down of employees salary (Thompson, 2001). Furthermore, large scale of production of products with high sales volume is also procured by the company. An economy of scale is also realized to help of the cost leadership strategies. In addition to this, in some cases besides the cost leadership company also uses differentiation strategy by offering new and innovative products integrating advanced technology (Wal-Mart, 2017). The own brand products of the company are based on this strategy to make different impression and strong brand in the market. Strengths and Weaknesses SWOT analysis if a very famous tool to analyze and audit strategic position of a company associated with its internal and external environment. It determines a view on the organizations resources and capabilities that aids the company in its operation and functions (50MINUTES.COM., 2015). Walmart has some internal elements that influence the companys strength and weaknesses. These factors can be easily controlled and monitored by the company. Thus, in the internal environment strength and weakness of the Walmart is overviewed as follows: Strength: Walmart has a strong bargaining power over supplies and renowned brand name in the retailing market all over the world. The company focuses on the supply chain management and manages it very effectively and efficiently (Avlonitis and Papastathopoulou, 2006). The organizational culture of Walmart is very flexible for the employees as well as based on values and ethics which make it stronger and subtle. The company has a strong team of trained and skillful associates that manages the company and corporate affairs significantly. Furthermore, Walmart is very famous and has a strong presence in U.S. especially Latin America and Canada (Wal-Mart, 2017). The strategies of Walmart are focused on achieving lowest price of the products/services along with the development of customer oriented products. The company implements the expansion strategy for its growth and development in international markets. Integration of information system is very helpful for the company because of cogen t it resources and financial support. The company also emphasis on the betterment of each customers experience example free parking lots which helps in pleasant experience of customer services. Weakness: The internal weakness of Walmart comprises the relative low country expansion as compared to other giant retailing companies of the world. The company entices customers with price sensitivity only (Wal-Mart, 2017). Moreover, Walmart has a high rate of turnover in inventories and high turnover rate of employees because of poor job paid to employees and hiring of new employees cost training and skilled program expenses in the company. The company only expands internationally and in the domestic markets with the help of financial resources and no innovative strategy to capture the global market. The expansion of the company is so large that it may lose the strategy and control over the company after some time (Hutt and Speh, 2012). The company also deals in products/services where some of the most focused competitors are already covered and topped in the market sector. Wal-Mart has so many lawsuits because of extra hour, gender discrimination and low wages in U.S. which cause so much money loss. External Environment Analysis of Walmart This section analyses the status of Wal-Mart relevant to the external environment with the apt theories to present valid research data (Avlonitis and Papastathopoulou, 2006). It includes opportunities and weaknesses of the company along with Porters Five Force and PESTLE analysis of Wal-Mart as follows: Opportunities and Threats Opportunities: As a future prospect the company can capture potential market of Asia and Europe market in the upcoming years along with this there are various countries left for the expansion. The website and application sale has been increased in the past few years, which is also creating new opportunities for the company. Alliances and mergers can help Walmart in acquiring the market places where local and rival competitors have stronger position than its market position (Wal-Mart, 2017). Along with this, the feature in the websites and application can be improved with time and creative ideas can also be attached to try new experiences. Joint venture and collaboration can be done to expand new countries and international markets. Company can offer everyday low price to the customers. Existing foreign markets like UK, Porto Rico, Taiwan, Canada, Korea and Mexico can be further expanded in local markets with the increasing sales outcome. Threats: It has been investigated that Wal-Mart is now has a sustainable market leader position that can be conveniently captured by other competitors by analyzing the organization precisely. There are various strong participants in the retailing sector such as Tesco and Carrer-Four in the U.S. Rate of taxes and tariff is additional hurdle which is different in every country that incurs extra finance threat for Wal-Mart (Wal-Mart, 2017). Furthermore, Walmart is well studied organization from internal factors to external elements are exposed in the market which can be a threat associated with market positioning. Each country has different cultural, practices and political challenges, thus it makes difficult for the company to cope up with each and every countries tradition and values (Hutt and Speh, 2012). Porters Five Forces Analysis This model analyzes productivity of the organization influenced by the external forces. It particularly provides the theory of Porter related to the competition in the industry that impacts the ultimate profitability of the Walmart. Thus, this essential analysis has been given in five parameters as below: Threats of New Potential Entrance: The degree of new entrant threat is very strong. Due to lowest cost is offered to the customers, the company has moderate capital cost and brand development is also at moderate cost (Cravens). Other factors that affects the entry is location, convenience of customers, market entry, specialty and other factors which can be easily attained by new entrants. Threats of Substitute Product/Services: Weak force has been found in case of threat of substitute products and services because there is considerable availability of substitute which provides moderate force (Crosson and Needles, 2007). Along with this, law variety and higher cost of substitute confine this threat. Bargaining Power of Suppliers: This degree of force is weak because of enormous suppliers for the same product (Cravens). Therefore, the competition between the suppliers is also very intense and supply has a high availability in the market. Bargaining Power of Buyers: In case of bargaining from buyers, the force is weak because there are various buyers of the same product and high density of buyers. Moreover, every customer purchases small quantity of the product in general (Crosson and Needles, 2007). Rivalry among Current Competitors: strong competition has been seen in the competitive market regarding retailing sector. Several big and small firms are catering the same retailing and supermarket services. There are many varieties in the retail firms and use aggressive approach to capture the whole market (Leahy, 2012). The competitors of Walmart are in many shapes and size due to high competition intensive market policies and approach. PESTEL Analysis PESTEL refers to seven factors that affect the external environment of whole the firm which are political, economical, social/cultural, environmental, legal and technological (Yksel, et al., 2012). It is very effective in analyzing the apparent challenges faced by any particular industry and its creative as well as regular solution. The PESTEL framework has a theory of external environment analysis theory that provides great help to the organization to maintain its standards and at the time of initiating business at a particular industry (Marketing Management, 2000). In this case, Walmarts PESTEL framework is give below: Political: the political factor is highly influenced with the government policies and rules in the retailing industry. Opportunities are high when there is stability in the politics in a particular geographical area (Yksel, et al., 2012). Along with this, globalization should also be supported by the government to cater better service and make opportunities for multinational companies like Walmart. The threat is only pressure of government to set the standards and increasing rates of wages to the employees. Economical: if the majority of economies are stable then it will be an economical opportunity for the Walmart. Consistent development and growth of any country is also profitable for the company as it increases purchasing power of the customers (Reading, 2004). Reduction in unemployment is also favorable for the company due to large money flow will start in the economy. Thus these chances should be grabbed by the organization and grow its business in apt situation under these conditions. Social/Cultural: the company is being highly influenced by the factors that entail high quality and healthy lifestyle trend, cultural diversity and urban migration in a very positive manner. Besides that, the current trend is more emphasized by the healthy products consumption (Reading, 2004). Therefore, company can increase it health oriented product lines and addition of culture related products will help the company to exploit increasing consumer demand and adjustments of apt strategies. Technological: Technological trend is the most vulnerable factor in this industry. However, it brings various prospects that help the company to grow such as augmentation in business automation; it helps in analysis of business or large number of data (Jin and Lin, 2012). Furthermore, the technological advancement also enables extra platform which brings convenience and expansion of business as mobile applications and stores that is used by maximum customers. Environmental: As a profitable influence to the business of Walmart sustainable trends in business can be affirmative. Apart from this, environment friendly products are also setting trend in the retailing industry that can be very helpful for organization as well as environment (Jin and Lin, 2012). Operational efficiency is the most concern part in the sustainability of business. Likewise, technological improvement and betterment of policies and standards in the retailing market is also an opportunity for the company. Legal: the food safety regulation gives the chance of amelioration of quality of food to the organization than its competitors and setting an international standard. The employment regulation is also an opportunity in U.S. market through human resource management to increase the employment rate of the country (Leahy, 2012). On the other hand, tax law reform is a threat to the financial conditions and accounting department of the firm. Conclusion It can be depicted from the above discussion that Wal-Mart has a very respective position in the market and management skills of top management is very skillful to achieve success in a huge geographical area. Wal-Mart focuses on giving best services and experiences to the customers with the low cost theory in as market leadership. With the good reputation and providing variety of services, company is continuously growing and expanding internationally. References Wal-Mart. 2017. Global Compliance Program Report 2017. Retrieved on May 12, 2017, from https://corporate.walmart.com/global-responsibility/global-compliance-program-report-on-fiscal-year-2017 Tanwar, R. 2013. Porters Generic Competitive Strategies. Journal of Business and Management 15(1), pp 11-17. Thompson, J. L. 2001. Understanding Corporate Strategy. Cengage Learning EMEA. Yksel, I. et al. 2012. Developing a Multi-Criteria Decision Making Model for PESTEL. PESTLE Analysis: Understand and plan for your business environment Analysis. International Journal of Business and Management. 7(24), 52-66. Marketing Management. 2000. Marketing Management. Atlantic Publishers Distri Mason, R. and Evans, B. 2015. The Lean Supply Chain: Managing the Challenge at Tesco. Kogan Page Publishers. Reading, C. 2004. Strategic Business Planning: A Dynamic System for Improving Performance Competitive Advantage. Kogan Page Publishers. Jin, D. and Lin, S. 2012. Advances in Electronic Commerce, Web Application and Communication. Springer Science Business Media. Jolibert, A., et al. 2012. Marketing Management: A Value-Creation Process. 2nd ed. Palgrave Macmillan. Leahy, T. 2012. Management in 10 Words. Random House. Janet, M., et. al. 2015. Factors Influencing Competitive Advantage among Supermarkets in Kenya: A Case of Nakumatt Holdings Limited. International Journal of Novel Research in Humanity and Social Sciences. 2(3) pp. 63-77. Filho, J. M. et. al. 2010. Strategic corporate social responsibility management for competitive advantage. BAR - Brazilian Administration Review 7(3). Furrer, O. 2010. Corporate Level Strategy: Theory and Applications. Routledge. Harrison, J. S., and St. John, C. H. 2009. Foundations in Strategic Management. 5th ed. Cengage Learning. Hutt, M. D., and Speh, T. W. 2012. Business Marketing Management: B2B. Cengage Learning. 50MINUTES.COM. 2015. Management Marketing. 50 Minutes. Avlonitis, G., and Papastathopoulou, P. 2006. Product and Services Management. SAGE. Cravens. Strategic Marketing 8E. Tata McGraw-Hill Education. Crosson, S. and Needles, B. 2007. Managerial Accounting. 8th ed. Cengage Learning. Davies, B., and Ellison, L. 2003. The New Strategic Direction and Development of the School: Key Frameworks for School Improvement Planning. 2nd ed. Routledge. Wal-Mart. 2017. About Us. Retrieved on May 12, 2017, from https://www.walmart.com/ Wal-Mart. 2017. Annual Report 2017. Retrieved on May 12, 2017, from https://s2.q4cdn.com/056532643/files/doc_financials/2017/Annual/WMT_2017_AR-(1).pdf Wal-Mart. 2017. GRR Report 2017. Retrieved on May 12, 2017, from https://s2.q4cdn.com/056532643/files/doc_financials/2017/Annual/WMT_2017-GRR-Report.pdf

Monday, April 20, 2020

The railroad in the United States Essay Example

The railroad in the United States Essay In the simplest manner: the railroad changed the face of a nation. The railroad in the United States changed how people traveled, did business, and how Washington governed people. The railroad created new standards and new laws that still affect the way we live today. It helped create a new type of wealth that had never been seen before and became the first big business in the United States. Without the railroads impact, it would be difficult to fathom where the United States and the world would be today.The golden age of the railroad is considered to be by many the period that stretched between the end of the Civil War and the beginning of the First World War.1 Railroading from 1865 to 1929 covers the great expansion, the golden age and the beginning decline of the railroad. The emergence of the modern America, and the beginning of the Great Depression of the United States also can be seen within these dates; this emphasizes the large role that the railroads had in the industrializa tion of the America. It is clear that the history of the United States coincides with the history of the railroad; during these times the railroad played a vital a vital role in thebuilding of the United States. But, the relationship was symbiotic, because it is also possible to see that the direction in which the country was going played a role in how the railroad was formed, controlled, and regulated. Truly, the railroad is a form of transportation that helped make the United States what it is today.The year 1865 finally brought an end to war that had sliced a nation in half. The war, however, was not a destructive force to the railroads. With the exception of the southern lines, American railroads were generally in excellent shape in 1865.2 The Civil War brought new strength to the American railroads. The need to provide for the war had caused the railroads of the United States to expand by as much as 35,500 miles at the end of the war.3 The War had brought new strength to the ra ilroads and the railroads were now standing before their golden age. This golden age began with a big bang: the completion of the transcontinental railway.The story of the transcontinental railway could very well be suited for a Hollywood movie. It involves corruption, greed, great visions, and great strength. Public demand for a transcontinental railway was originally inspired by a proposal made in 1836 by the American statesmen John Plumbe and Robert John Walker.4 The demand for therailway was later increased with the arrival of the gold rush in 1849. In 1861, the Pacific Railway Bill was passed, this bill called for the building of the transcontinental line to be done by two companies, Union Pacific Company and the Central Pacific Company. The job of the Union Pacific Company was to build west from Omaha, while the job of the Central Pacific Company was to build east from Sacramento5. The bill also called for the companies to receive a right-of-way strip for their line (and whate ver they needed for rail yards, sidings, and other facilities), as well as five alternate land sections on each side of the track.6 The companies were also offered loans that went from $16,000 per mile of track in the lowlands to as much as $48,000 a mile in the mountainous regions.7The Union Pacific got of to slow start until they acquired a good engineer by thename of General Dodge, who was one of Shermans Civil War railroad men. UnderGeneral Dodges direction the work on the Union Pacific soon took on a furious pace and a military atmosphere; military preparedness and quickness were exactly what was needed to deal with the hostile Indians.Life on the Central Pacific was by no means pleasant, but they did not have much a problem with the Indians.8 However, one thing that was a problem on the Central Pacific was the lack of labor. California, being largely uninhabited at the time, did not provide a large labor resource; and so the managers of the Central Pacific had to look elsewher e for their labor needs. One of the places they looked for new labor was China. The Chinese turned out to be well suited for the job, and at one point nine-tenths of the labor force of the Central Pacific was Chinese.Eventually the two the companies came within sight of each other, and a meeting place for the two rails was designated. The meeting place chosen was a waterless basin of sagebrush just north of the Great Salt Lake in Utah. This place was called Promontory Point. It was decided that the two companies would meet and there would be a greatceremony to connect the railways. The ceremony was planned, and all of the railroad officials and dignitaries came to drive in the final spike. On May 10, 1869, this event finally took place. The driving in of the final spike came with a little embarrassment: First, one of the leaders of Central Pacific went up to drive in the golden spike and missed; next, the leader of the Union Pacific stepped up to drive in the golden spike and he too missed.9 Eventually, the final spike was driven in: though it is not clear who actually did it. Despite all this, the nation celebrated for the Atlantic coast and the Pacific coast had at last become connected by rail; and the railroad now stood on threshold of its golden age.The years following the completion of the transcontinental line brought an abundance of new railways. The rail network in the United States went from 35,000 miles in 1865 to 164,000 miles in 1890. This building was brought to an all-time high, when in 1916 the total length of the rail network in the United States reached 254,000 miles.10With such a rapid pace of construction, the building in the half-century after the Civil War led to an average annual construction, of over 4,000 miles a year. Even though this rapid construction was not equally spread throughout the country, every area did see some expansion.The transcontinental rail also led to great expansion in the West. The transcontinental railway, and th e railways following, brought eastern markets within a few days of western grain and cattle lands, and eventually helped create great cities in the West itself.11 The new railways of the West also brought about the virtual extermination of the buffalo. The new rails cut the herds in half and destroyed their natural habitat. It also became a game for people heading west on the railway to shoot the animal from their train window.12Now that the railroad spanned across the continent, the railroad was becoming a major player in the expansion of industry. The industry of the United States was rapidly expanding, and the railroad was becoming more than just a small factor in a great group of expanding industries. Railroads encouraged growth not only through the offering of their transport services, but also through the transportation need, of other industries. Railroads were not only the biggest shippers of industrial products; they were also American industrys best customers.13 The railroa ds became a huge buyer of steel, coal, lumber, and oil. To say that the railroad was an important factor in the industrialization of America is a huge understatement. The railroad became the pulse of industry and was considered by many the leading factor in the expansion of industry in the United States.While the network of rails was spreading, great financial networks were also developing. Groups of once independent railroad companies were grabbed up and consolidated to form large railroad systems.14 One prime example of this was The New York, New Haven, and Hartford Railroad, which were formed by the consolidation of about 200 originally independent lines.The large consolidation brought about the need for new standards and new technology that would help the railroad continue to grow and operate more efficiently. One of the new standards that was needed was a standard gauge for the railroads to operate on. This was needed because the expansion of the rails had now brought the need to move the freight from one line to another. This was not possible because throughout the country there were different gauges. For example in the south the popular gauge was five feet, but on other railroads like the Erie the gauge was six feet. It was decided amongst railroads that a standard must decided on, and that standard became four feet, eight and one half inches.15Another standard that was created and is still used today is standardized time. Until the movement for Standard Time, each town had its own time. There were, for example, thirty-eight different times in the state of Wisconsin alone. Given the amount of different times, the speed of trains, and the distance these trains traveled. This spelled one thing: complete chaos. Eventually the problem was solved in 1883, when the General Time Convention was held by the railroads. At this convention it was decided that the continental United States would be broken up into four standard time zones. People soon found it easy t o set their clocks by railroad time, and thus the railroad standard became a national standard.Other technological innovations that were created to aid the expansion and consolidation of the railways were: the use of steel rails, the automatic coupler, and the air brake. The automatic coupler allowed a coupler to close on impact, but still be able to open from the side of the car. The air brake, invented by George Westinghouse, allowed trains to stop much quicker than they had been able to in the past.Besides bringing about new technology, the consolidation of the railways also brought about the great railroad barons. The railroad had become a likely stop for the strong businessmen interested in making millions by manipulating the rail system. But in gaining such immense power, many railroad builders and consolidators became unethical and ruthless in their business practices. Watered stock, stock market rigging, corrupt rate wars, rebating and labor violence all became part of the n ew railroad picture. 16Railroad barons like Jay Gould James Fisk were masters at these tricks. One example of how money was made was by stock watering, which was the process of increasing the number of shares of a company without adding to the companys assets.17Perhaps one of the greatest of the great railroad barons was Commodore Cornelius Vanderbilt. Originally from the steamboat business, Vanderbilt gained control of such railroads as the New York Central and the Erie through ruthless business practices. A prime example of Vanderbilts ruthless practices is how he obtained control over the New York Central Railroad. Vanderbilt was frustrated with the current managers of the New York Central because they often bypassed his railroad when sending freight into New York City. So, Vanderbilt simply stopped shipping their freight and passengers one day. The New York Central stock rapidly began to drop on Wall Street because of Vanderbilts actions. Seeing that the stock was now cheap, Van derbilt began buy up the stock while it was cheap, and the company eventually fell into his hands.18 But practices like this could only go on for so long.The railroads activities had become too corrupt for most people and were beginning to become a financial burden for many farmers and business owners. Business owners and farmers began to resent the railroad and decided that something must be done. Taking the initiative was a group called the Patrons of Husbandry, popularly known as the Grange. The Grange was originally formed as a social group to bring farmers out of the isolation of their farmhouses.19 They had picnics, suppers, and other events, that well frequently held at the local Grange Hall. However, as railroad abuse increased the group shifted from entertainment purposes to more political purposes.The Grangers bonded together to establish many things that helped farmers, but their primary purpose eventually became to bring reform to the railroads.20 The Grangers quickly gr ew in size and gained enough power to elect people free of railroad influence, in the state legislatures. They pushed for new laws that would regulate the railroads monopolies, and eventually succeeded. But the Grangers success only came at the state level through what were called Granger laws. Even though these laws were aimed to regulate monopolies, though such things as freight and passenger rates, they were easily evaded by the railroads. However, some progress had been won. The nation was beginning to shift from an attitude of laissez-faire capitalism to a more progressive state of mind.One of the biggest things people learned from the Granger laws was that reform of the railroads was going to have to take place on a national level. In 1885, a Senate committee conducted an investigation of railroad business practices. The final report from the committee listed the familiar abuses of the railroads, such as watered stock and unreasonably high rates. This investigation made it cle ar that Federal Government must do something and in 1887 it did. The Interstate Commerce Act, in language that was perhaps deliberately vague, required that all interstate rates be reasonable and just and prohibited the familiar competitive practices of rebates, drawbacks, and pools.21 The act also required that the railroad publish their rate schedules and file them with the government. An Interstate Commerce Commission was created to administer the act and enforce it. The success of the Interstate Commerce Act was short lived and was easily evaded because of its loose wording.22 In 1890 the Sherman Antitrust Act was passed, but it too failed in regulating the railroads because of loose wording.23The move for railroad regulation was ultimately lost until the arrival of Theodore Roosevelt and a strong Progressive movement. Roosevelt considered railroad regulation to be a major issue and strongly moved for the greater empowerment of the Interstate Commerce Commission. His wish was gr anted in 1906 when the Hepburn Act was passed. The Hepburn Act greatly extended the power of the Interstate Commerce Commission. It also abolished the granting of passes and made the laws against rebates stronger.24 Following the Hepburn Act, were more and more laws aimed at regulating therailroads. As the new regulations went into effect, the railroad slowly began to slip down hill. But concern with the regulations was turned away from with the arrival of the First World War.Many problems faced the railroads as America entered World War I in 1917. One was the increase of rail traffic caused by the war. The railroads became very busy and subsequently operating cost rose. The railroads began to lose money due to the Interstate Commerce Commissions hold on the rates.25 Another problem that faced the railroads during World War I was that of management. Railroad executives found it very difficult to operate their rail lines together during the war. The creation of a railroad War Board w as an attempt to help the situation, but it did not work very well. Eventually it was decided by the government that they must take over, so an act was passed that allowed the Interstate Commerce Commission to control the movement, distribution, and exchange of railroad cars. This too failed because the commission was inept in exercising its authority. Given all the failed attempts, the government decided in 1918 to take complete control of the railroad.26 The government remained in charge of the railroad until the Transportation Act of 1920, which called for their return to private management.The future was not bright for the railroads: ever since the arrival of the First World War the railroads had experienced a general decline. This was due mostly to the development of new types of transportation. Millions now owned Henry Fords model T automobile, and various other cars.27 The twenties brought the arrival of motorbuses, which also took away from the railroads business. Other new forms of transportation, such as trucks and airplanes, also took their toll on the business of the railway. So, as the nation was roaring through the Twenties and heading for the Great Depression, the railroad was becoming ever increasingly a thing of the past.If there is to be an a lasting lesson from the history of the railroads from 1865-1929 it is that major industrial innovations can only live an unregulated life for so long. The United Stated was a booming country experiencing wide spread industrialization. The railroad was an essential part of this boom, but railroads had to change just as the to country had to change. The free going attitude of laissez-faire can only last so long in a country where equality and fairness before the law are valued. The railroads fully rode the first wave of industrialization and faded into the background when their time had come. The significance of the railroad will probably never be fully realized, but their impact will always be felt. The railroad in the United States Essay Example The railroad in the United States Essay In the simplest manner: the railroad changed the face of a nation. The railroad in the United States changed how people traveled, did business, and how Washington governed people. The railroad created new standards and new laws that still affect the way we live today. It helped create a new type of wealth that had never been seen before and became the first big business in the United States. Without the railroads impact, it would be difficult to fathom where the United States and the world would be today.The golden age of the railroad is considered to be by many the period that stretched between the end of the Civil War and the beginning of the First World War.1 Railroading from 1865 to 1929 covers the great expansion, the golden age and the beginning decline of the railroad. The emergence of the modern America, and the beginning of the Great Depression of the United States also can be seen within these dates; this emphasizes the large role that the railroads had in the industrializa tion of the America. It is clear that the history of the United States coincides with the history of the railroad; during these times the railroad played a vital a vital role in thebuilding of the United States. But, the relationship was symbiotic, because it is also possible to see that the direction in which the country was going played a role in how the railroad was formed, controlled, and regulated. Truly, the railroad is a form of transportation that helped make the United States what it is today.The year 1865 finally brought an end to war that had sliced a nation in half. The war, however, was not a destructive force to the railroads. With the exception of the southern lines, American railroads were generally in excellent shape in 1865.2 The Civil War brought new strength to the American railroads. The need to provide for the war had caused the railroads of the United States to expand by as much as 35,500 miles at the end of the war.3 The War had brought new strength to the ra ilroads and the railroads were now standing before their golden age. This golden age began with a big bang: the completion of the transcontinental railway.The story of the transcontinental railway could very well be suited for a Hollywood movie. It involves corruption, greed, great visions, and great strength. Public demand for a transcontinental railway was originally inspired by a proposal made in 1836 by the American statesmen John Plumbe and Robert John Walker.4 The demand for therailway was later increased with the arrival of the gold rush in 1849. In 1861, the Pacific Railway Bill was passed, this bill called for the building of the transcontinental line to be done by two companies, Union Pacific Company and the Central Pacific Company. The job of the Union Pacific Company was to build west from Omaha, while the job of the Central Pacific Company was to build east from Sacramento5. The bill also called for the companies to receive a right-of-way strip for their line (and whate ver they needed for rail yards, sidings, and other facilities), as well as five alternate land sections on each side of the track.6 The companies were also offered loans that went from $16,000 per mile of track in the lowlands to as much as $48,000 a mile in the mountainous regions.7The Union Pacific got of to slow start until they acquired a good engineer by thename of General Dodge, who was one of Shermans Civil War railroad men. UnderGeneral Dodges direction the work on the Union Pacific soon took on a furious pace and a military atmosphere; military preparedness and quickness were exactly what was needed to deal with the hostile Indians.Life on the Central Pacific was by no means pleasant, but they did not have much a problem with the Indians.8 However, one thing that was a problem on the Central Pacific was the lack of labor. California, being largely uninhabited at the time, did not provide a large labor resource; and so the managers of the Central Pacific had to look elsewher e for their labor needs. One of the places they looked for new labor was China. The Chinese turned out to be well suited for the job, and at one point nine-tenths of the labor force of the Central Pacific was Chinese.Eventually the two the companies came within sight of each other, and a meeting place for the two rails was designated. The meeting place chosen was a waterless basin of sagebrush just north of the Great Salt Lake in Utah. This place was called Promontory Point. It was decided that the two companies would meet and there would be a greatceremony to connect the railways. The ceremony was planned, and all of the railroad officials and dignitaries came to drive in the final spike. On May 10, 1869, this event finally took place. The driving in of the final spike came with a little embarrassment: First, one of the leaders of Central Pacific went up to drive in the golden spike and missed; next, the leader of the Union Pacific stepped up to drive in the golden spike and he too missed.9 Eventually, the final spike was driven in: though it is not clear who actually did it. Despite all this, the nation celebrated for the Atlantic coast and the Pacific coast had at last become connected by rail; and the railroad now stood on threshold of its golden age.The years following the completion of the transcontinental line brought an abundance of new railways. The rail network in the United States went from 35,000 miles in 1865 to 164,000 miles in 1890. This building was brought to an all-time high, when in 1916 the total length of the rail network in the United States reached 254,000 miles.10With such a rapid pace of construction, the building in the half-century after the Civil War led to an average annual construction, of over 4,000 miles a year. Even though this rapid construction was not equally spread throughout the country, every area did see some expansion.The transcontinental rail also led to great expansion in the West. The transcontinental railway, and th e railways following, brought eastern markets within a few days of western grain and cattle lands, and eventually helped create great cities in the West itself.11 The new railways of the West also brought about the virtual extermination of the buffalo. The new rails cut the herds in half and destroyed their natural habitat. It also became a game for people heading west on the railway to shoot the animal from their train window.12Now that the railroad spanned across the continent, the railroad was becoming a major player in the expansion of industry. The industry of the United States was rapidly expanding, and the railroad was becoming more than just a small factor in a great group of expanding industries. Railroads encouraged growth not only through the offering of their transport services, but also through the transportation need, of other industries. Railroads were not only the biggest shippers of industrial products; they were also American industrys best customers.13 The railroa ds became a huge buyer of steel, coal, lumber, and oil. To say that the railroad was an important factor in the industrialization of America is a huge understatement. The railroad became the pulse of industry and was considered by many the leading factor in the expansion of industry in the United States.While the network of rails was spreading, great financial networks were also developing. Groups of once independent railroad companies were grabbed up and consolidated to form large railroad systems.14 One prime example of this was The New York, New Haven, and Hartford Railroad, which were formed by the consolidation of about 200 originally independent lines.The large consolidation brought about the need for new standards and new technology that would help the railroad continue to grow and operate more efficiently. One of the new standards that was needed was a standard gauge for the railroads to operate on. This was needed because the expansion of the rails had now brought the need to move the freight from one line to another. This was not possible because throughout the country there were different gauges. For example in the south the popular gauge was five feet, but on other railroads like the Erie the gauge was six feet. It was decided amongst railroads that a standard must decided on, and that standard became four feet, eight and one half inches.15Another standard that was created and is still used today is standardized time. Until the movement for Standard Time, each town had its own time. There were, for example, thirty-eight different times in the state of Wisconsin alone. Given the amount of different times, the speed of trains, and the distance these trains traveled. This spelled one thing: complete chaos. Eventually the problem was solved in 1883, when the General Time Convention was held by the railroads. At this convention it was decided that the continental United States would be broken up into four standard time zones. People soon found it easy t o set their clocks by railroad time, and thus the railroad standard became a national standard.Other technological innovations that were created to aid the expansion and consolidation of the railways were: the use of steel rails, the automatic coupler, and the air brake. The automatic coupler allowed a coupler to close on impact, but still be able to open from the side of the car. The air brake, invented by George Westinghouse, allowed trains to stop much quicker than they had been able to in the past.Besides bringing about new technology, the consolidation of the railways also brought about the great railroad barons. The railroad had become a likely stop for the strong businessmen interested in making millions by manipulating the rail system. But in gaining such immense power, many railroad builders and consolidators became unethical and ruthless in their business practices. Watered stock, stock market rigging, corrupt rate wars, rebating and labor violence all became part of the n ew railroad picture. 16Railroad barons like Jay Gould James Fisk were masters at these tricks. One example of how money was made was by stock watering, which was the process of increasing the number of shares of a company without adding to the companys assets.17Perhaps one of the greatest of the great railroad barons was Commodore Cornelius Vanderbilt. Originally from the steamboat business, Vanderbilt gained control of such railroads as the New York Central and the Erie through ruthless business practices. A prime example of Vanderbilts ruthless practices is how he obtained control over the New York Central Railroad. Vanderbilt was frustrated with the current managers of the New York Central because they often bypassed his railroad when sending freight into New York City. So, Vanderbilt simply stopped shipping their freight and passengers one day. The New York Central stock rapidly began to drop on Wall Street because of Vanderbilts actions. Seeing that the stock was now cheap, Van derbilt began buy up the stock while it was cheap, and the company eventually fell into his hands.18 But practices like this could only go on for so long.The railroads activities had become too corrupt for most people and were beginning to become a financial burden for many farmers and business owners. Business owners and farmers began to resent the railroad and decided that something must be done. Taking the initiative was a group called the Patrons of Husbandry, popularly known as the Grange. The Grange was originally formed as a social group to bring farmers out of the isolation of their farmhouses.19 They had picnics, suppers, and other events, that well frequently held at the local Grange Hall. However, as railroad abuse increased the group shifted from entertainment purposes to more political purposes.The Grangers bonded together to establish many things that helped farmers, but their primary purpose eventually became to bring reform to the railroads.20 The Grangers quickly gr ew in size and gained enough power to elect people free of railroad influence, in the state legislatures. They pushed for new laws that would regulate the railroads monopolies, and eventually succeeded. But the Grangers success only came at the state level through what were called Granger laws. Even though these laws were aimed to regulate monopolies, though such things as freight and passenger rates, they were easily evaded by the railroads. However, some progress had been won. The nation was beginning to shift from an attitude of laissez-faire capitalism to a more progressive state of mind.One of the biggest things people learned from the Granger laws was that reform of the railroads was going to have to take place on a national level. In 1885, a Senate committee conducted an investigation of railroad business practices. The final report from the committee listed the familiar abuses of the railroads, such as watered stock and unreasonably high rates. This investigation made it cle ar that Federal Government must do something and in 1887 it did. The Interstate Commerce Act, in language that was perhaps deliberately vague, required that all interstate rates be reasonable and just and prohibited the familiar competitive practices of rebates, drawbacks, and pools.21 The act also required that the railroad publish their rate schedules and file them with the government. An Interstate Commerce Commission was created to administer the act and enforce it. The success of the Interstate Commerce Act was short lived and was easily evaded because of its loose wording.22 In 1890 the Sherman Antitrust Act was passed, but it too failed in regulating the railroads because of loose wording.23The move for railroad regulation was ultimately lost until the arrival of Theodore Roosevelt and a strong Progressive movement. Roosevelt considered railroad regulation to be a major issue and strongly moved for the greater empowerment of the Interstate Commerce Commission. His wish was gr anted in 1906 when the Hepburn Act was passed. The Hepburn Act greatly extended the power of the Interstate Commerce Commission. It also abolished the granting of passes and made the laws against rebates stronger.24 Following the Hepburn Act, were more and more laws aimed at regulating therailroads. As the new regulations went into effect, the railroad slowly began to slip down hill. But concern with the regulations was turned away from with the arrival of the First World War.Many problems faced the railroads as America entered World War I in 1917. One was the increase of rail traffic caused by the war. The railroads became very busy and subsequently operating cost rose. The railroads began to lose money due to the Interstate Commerce Commissions hold on the rates.25 Another problem that faced the railroads during World War I was that of management. Railroad executives found it very difficult to operate their rail lines together during the war. The creation of a railroad War Board w as an attempt to help the situation, but it did not work very well. Eventually it was decided by the government that they must take over, so an act was passed that allowed the Interstate Commerce Commission to control the movement, distribution, and exchange of railroad cars. This too failed because the commission was inept in exercising its authority. Given all the failed attempts, the government decided in 1918 to take complete control of the railroad.26 The government remained in charge of the railroad until the Transportation Act of 1920, which called for their return to private management.The future was not bright for the railroads: ever since the arrival of the First World War the railroads had experienced a general decline. This was due mostly to the development of new types of transportation. Millions now owned Henry Fords model T automobile, and various other cars.27 The twenties brought the arrival of motorbuses, which also took away from the railroads business. Other new forms of transportation, such as trucks and airplanes, also took their toll on the business of the railway. So, as the nation was roaring through the Twenties and heading for the Great Depression, the railroad was becoming ever increasingly a thing of the past.If there is to be an a lasting lesson from the history of the railroads from 1865-1929 it is that major industrial innovations can only live an unregulated life for so long. The United Stated was a booming country experiencing wide spread industrialization. The railroad was an essential part of this boom, but railroads had to change just as the to country had to change. The free going attitude of laissez-faire can only last so long in a country where equality and fairness before the law are valued. The railroads fully rode the first wave of industrialization and faded into the background when their time had come. The significance of the railroad will probably never be fully realized, but their impact will always be felt.