The Contribution of the Luxury Fashion Industry in Economic Development of the World

Introduction From time in memorial the fashion industry has made significant impacts to the politics, economy, education and art of various cultures. Today, as illustrated by Brun et al. (2008 p. 558), it marks as a significant element of increasing globalisation.Advertising We will write a custom research paper sample on The Contribution of the Luxury Fashion Industry in Economic Development of the World specifically for you for only $16.05 $11/page Learn More Furthermore, Brun et al. (2008 p. 548) brings out the significance of the industry with a meaning of luxury as opposed to asserting that the products and services are exclusive to the wealthy and powerful in the society. Luxury is a ‘soft or extravagant living, sumptuousness, opulence’’. In the ancient times, the colours and features of the clothes worn indicated the social and political classes of the people and expressed the power vested in people who adorned certain clothes or apparel. In 21st Century, it is essential to note that not much has changed in this regard. The luxury fashion industry is marked by willingness to spend to get the best outfit that builds expression, perception and recognition. In essence, from an economic point of view where costs are minimized to get higher profits, developing and managing the luxury fashion brand is a difficult and long process. Notwithstanding, getting their contribution to economic development and growth requires a consistent, integrated, innovative and rigours strategy. With such controls, obtaining feedback auditing and other relevant information is significant in this endeavour. Various authors and researchers have tried to estimate the fashion industry growth and its significance. For instance, Datamonitor (2009) have put down that the global luxury fashion sector is estimated to be worth about US $ 130 billion with an annual growth rate of approximately 20%. The global fashion industry significance to the national economies is fundamental in their consumers. As such, their growth is inevitable. However, the gap exists, other than the industry growth and development, but the contribution to economic development and growth of the world is missing. The industry is dominant in countries like the United States of America, Spain, France, China and Italy.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This fact does not disqualify its presence and active contribution to the GDP of other countries. However, enough data, justification, input and CPIs with regard to its contribution in economic growth and economic development of the world pushes the researcher to this determination. This information will have a fundamental impact in the level of reliance to the luxury fashion industry sector. Again, it will open the market for more countries to channel or withdraw their resources to or f rom the industry. Hypothesis Null Hypothesis The fashion industry has very little contribution to the economic development of the world. In essence, the luxury fashion industry has no significant contribution to the economic development of the world or the economic growth. Alternative Hypothesis The fashion industry contributes significantly to the economic development of the world economy. This means that the luxury fashion industry has a major impact in the economic development of the world as well as the economic growth. It is therefore critical that we determine, through scientific methods and approaches, the level of contribution of the luxury fashion industry to economic development of the world. This indicates the critical quest for an effective study as a secondary invention to go through the world national economies as well as its commercial industry. Methodology The study will involve use of qualitative and quantitative research. Thus, assume the research design on data us ed. According to Sounders, Lewis Thornhill (2003), the deductive approach will be used to determine the quantitative data. On the other hand, the inductive approach will be applied in measuring and ascertaining the qualitative data. As such, the literature review will involve evaluation of secondary data in an effort to rely on empirical evidence and utilise the necessary concepts. Subsequently, analysis of the field research data shall be undertaken to focus on the objective of the study (Sounders, Lewis Thornhill 2003).Advertising We will write a custom research paper sample on The Contribution of the Luxury Fashion Industry in Economic Development of the World specifically for you for only $16.05 $11/page Learn More Presuppositions of the ethical neutrality shall be considered while collecting data with adequate and correct placement of statement on the population objects being the MOschino following the probabilistic predictions. The field data wil l be from MOschino Fashion Company since it is the most dominant company in the international scale. Again, its products are used all over the countries. As such, reviewing of its data on sales, imports, exports and exchange of goods will have a sense of input or output from over 80% of the world nations (Sounders, Lewis Thornhill 2003). Results It is quite evident that the luxury fashion industry is dominant from the international scale marked with cross border international business. The development from the general scale is influenced by the frequency of the luxury fashion industry. It revealed that during the year 2009 to 2012, the global luxury fashion sector (on MOSchino statistics, and financial statements) is estimated to have transacted a turnover of about US $ 100 billion with an annual growth rate of approximately 12%. Discussion and conclusion A turnover of about US $ 100 billion with an annual growth rate of approximately 12% within three years is a big figure. This ind icates a significant contribution of the fashion industry sector to the economic development and growth. As such, the researcher is left to refute the null hypothesis that the luxury fashion industry has not contribution to world economic development. Rather, the researchers agrees to the alternative hypothesis that the fashion industry contributes significantly to the economic development of the world economy. References Brun, A, Caniato, F, Caridi, M, Castelli, C, Miragliotta, G, Ronchi, G, Sianesi, A, Spina, G (2008). Logistics and supply chain management in luxury fashion retail: Empirical investigation of Italian firms. International Journal of Production Economics. Volume 114. Issue 2 pp. 554-570.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Sounders, M, Lewis, P, Thornhill, A (2003). Research Methods for business students, 3rd ed. Prentice Hall, Pearson education limited: Italy. Datamonitor (2009). Clothing and footwear-Italy. Web. This research paper on The Contribution of the Luxury Fashion Industry in Economic Development of the World was written and submitted by user Desiree Holder to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Tips to Searching the Google News Archive

Tips to Searching the Google News Archive Google News Archive offers a wealth of digitized historic newspapers online - many of them for free. The Google newspaper archive project was discontinued by Google many years ago but, although they stopped digitizing and adding new papers and removed their useful timeline and other search tools, the historical newspapers that were previously digitized remain. The downside of this is that,  due to poor digital scanning and OCR (optical character recognition), a simple search of the Google newspaper archive rarely pulls up anything but major headlines.  In addition, Google News has continued to deprecate their newspaper archive service, making it extremely difficult to search  for content prior to 1970, although they have hundreds of digitized newspaper titles  prior to this date.   You can improve your chances of finding great info in Google News Archive with a few simple search strategies. Use Google Web Search Searching within Google News (even the advanced search) no longer returns results older than 30 days, so be sure to use web search when searching for older articles. Google Web Search doesn’t support custom date ranges earlier than 1970 or content behind a paywall - but that doesnt mean you wont find content prior to 1970 by searching, you just cant restrict your searches to only that content. Check Availability First A full list of the digitized historical newspaper content is available online at the  Google News Archive. It generally pays to start here to see if your area and time period has coverage, although if youre looking for something interesting or potentially newsworthy (a railroad accident, for example) you may find it also reported in papers from outside the area. Restrict Sources While it is most common to search for individuals in a specific location, Google no longer offers the option to restrict your search to a particular newspaper title. Each newspaper does have a specific newspaper ID (found after nid in the URL when you select the title from the newspaper list), but the site search restriction does not consider this. Instead, try using a newspaper title in quotes, or  use just a single word from the title of the paper to restrict your search; thus a source restriction for Pittsburgh will turn up results from both the Pittsburgh Press and the Pittsburgh Post-Gazette. Date Restrict To search content older than 30 days, use the Google  advanced web search page  to restrict your search by date or date range. You can bypass the restriction on dates older than 1970 by using Googles site search feature on the news archive alone. This isnt precise, as it will include any mention of that date or year and not just papers published on the date youve selected, but it is better than nothing.   Example:  site:news.google.com/newspapers pittsburg 1898 Use Generic Terms Browse through several issues of your newspaper of interest to become familiar with the general layout of the paper and the terms used most often in your sections of interest. For example, if youre looking for an obituary, did they commonly use the term obituaries, or deaths or death notices, etc. to head that section? Sometimes section headers were too fancy to be recognized by the OCR process, so also look for words frequently found in the general text then use that search term to look for content. Consider whether your term is appropriate for the time period as well. If youre searching contemporary newspapers for information on World War One you will need to use search terms such as great war, because it wasnt called World War One until after the commencement of World War Two. Browse This Paper For best results when searching digitized historical newspaper content in Google, there really is no way around using the browse feature rather than search. All things considered, its still better than having to go down to the library to look at microfilm. Begin with the newspaper list to browse directly to a specific newspaper title in the Google News Archive. Once you select a title of interest, you can easily navigate to a specific date using the arrows or, even faster, by entering the date in the date box (this can be a year, month and year, or a specific date). When youre in the newspaper view, you can get back to the browse page by selecting the Browse this newspaper link above the digitized newspaper image. Locating a Missing Issue If Google appears to have newspapers from your month of interest but is missing a few particular issues here or there, then take time to view all pages of the available issues both before and after your target date. There are many examples of Google running together several newspaper issues and then listing them only under the date of the first or last issue, so you can be browsing an issue for Monday, but end up in the middle of the Wednesday edition by the time you browse all of the available pages. Downloading, Saving, and Printing Google News Archive does not currently offer a direct way to download, save, or print newspaper images. If you want to clip an obituary or other small notice for your personal files, the easiest way to do this is to take a screenshot. Enlarge your browser window with the relevant page/article from Google News Archive so that it fills your entire computer screen.Use the enlarge button in Google News Archive to enlarge the article you want to clip to an easy to read size that fits entirely within your browser window.Hit the Print Screen or Prnt Scrn button on your computer keyboard to capture a screenshot.Open your favorite photo editing software and look for the option to open or paste a file from your computers clipboard. This will open the screenshot taken of your computer browser window.Use the Crop tool to crop the article in which youre interested and then save it as a new file (try including the newspaper title and date in the file name).If youre running Windows Vista, 7 or 8, make it easier on yourself and use the Snipping Tool instead. If you cant find historical newspapers in Google Newspaper Archive for your area and time period of interest, then Chronicling America is another source for free, digitized historical newspapers from the United States. Several subscription websites and other resources also offer access to online historical newspapers.

The valuation of the National Grid company Assignment

The valuation of the National Grid company - Assignment Example The reason behind the selection of the model can be explained with the help of the following advantages National Grid Company Plc is a multinational company headquartered in London. The primary business includes the supply of electricity and gas utility. The company is listed both in London Stock Exchange and FTSE 100 index. It is categorized under the diversified utilities industry. The company has 20th largest primary listing on London stock exchange. The company also has the secondary listing on NYSE (Hoover, 2011). The market price on October 1st 2012 was  £624.68(closing price of London stock exchange on Oct 1st 2012) (yahoofinance, 2015).Comparing the market price with the intrinsic value calculated using the residual income model above shows that the Stock of National Grid Plc is undervalued as compared to the intrinsic value. The rationale for the stable long term growth rate of 0.05% was that the National Grid is expected to reach the stable level of supply requirement of gas in UK because in the beginning of 2015, which shows minimum shortfall of 15mcm in London, which can be managed easily afterwards through the flows from Norway and Britain with the lingled pipeline. National Grid is in the process to further improve the supply side by the end of 2015, which may lead to the stabilized phase of National Grid Plc (Reuters, 2015). Therefore, after 2015 and onwards the growth in retained earnings are expected to be minimal i.e. around 0.05%. On May 1st 2015, National Grid Stock has reached at the level of 886.30 which is slightly overvalued from the intrinsic value calculated as on 1st October 2012. Therefore, it can be implied that the price of National Grid Stock is mean

Improving Organisational Performance using HPW Assignment

Improving Organisational Performance using HPW - Assignment Example Through information sharing the employees will be loyal to the organization. This will increase productivity, which will boost the performance of the organization. Creation of a strong communication network is another benefit of high performance work systems. This is because in the instance of the market competition, the company will depend on the employees in forecasting on the probable problems, eradication of obstacles and manufacturing of new products while focusing on product quality (Yeatts & Hyten, 1998). HPW enable the employees to interact freely with the management, which enables the management to hold constant meetings with the employees whereby through the meeting the management will be able to form a strong communication network. This will lead to efficient decision-making and execution of the necessary progress. Organizations will be able to engage the employees in formal trainings that will assist in minimizing the mistakes and ensuring quality products. The employees will have a better understanding of the production process and information technology system used, thus facilitating effective problem solving within the organization and improvement in performance (Murray, 2002). After IBM executed the formal training of the employees in information technology, the firm realised a 19 % increase in performance. This improvement was because of the formal training, which led to notable improvement of work output in terms of quality and quantity. Research has revealed that an increase in the formal training has led to reduction of wastage of organizational resources. HPW is vital to an organization since it entails the execution of the compensation plan. The payment that employees receive... This paper mainly focuses on how the organizations are working to improve their performance by using the High-performance work (HPW) practices. High-performance work practices refer to the situation in which organizations ensure that employees are highly involved in all organizational matters. The aim of the study is to understand the impact of employee management and treatment to the overall performance of an organization. In the paper two computer manufacturing companies are used as examples, these companies are Cray and IBM. Business Case High-Performance Work (HPW) is very vital to all organizations. Basing on research, the results have indicated that most companies achieve excellent performance through the implementation of the HPW practices. High-performance work entails the human resources management procedures that enhance perfect employee performance. Numerous studies have revealed that whenever the employees are excellent in their performance, there is always an automatic i mprovement in the performance of the entire organization because there will be augmented productivity. HPW is very important since it enables the employees to do excellent work, which results in improved productivity and organizational growth. In the conclusion, we see that the management of any organization has to ensure that it upholds the rights of all employees and adheres to all rules and regulations. This creates trust between employees and their managers and in the end increases performance.

Sonnets And Songs Essay Example for Free

Sonnets And Songs Essay Sonnets and songs share number of things in common. One example is that they both rhyme at the end of each line. Today’s songs don’t usually rhyme, unless if the songs are under the genres of hip-hop and rap, but most of the songs from the 60s, 70s and 90s do rhyme. One of few differences between a song and a sonnet is the way it appeals to the audiences or the readers and the kind of language that is used in these two different two pieces of writing. The song ‘I Will’ by The Beatles and ‘How do I love thee? Let me count the Ways’ by Elizabeth Barrett Browning. For number of reasons, ‘I Will’ by The Beatles appeals more affectively to the audiences as it has repetitions, exaggerations and it has the tune that will be remembered by the audiences. Firstly, the sonnet ‘How do I love thee? Let me count the ways’ by Elizabeth Barrett Browning is a sonnet about her love, who is anonymous in the sonnet. She uses many adjectives and poetic devices such as similes and metaphors. She also used some repetitions such as â€Å"I love thee freely, as men strive for right; I love thee purely, as they turn from praise. I love thee with the passion put to use† Although this sonnet is very sweet, it uses old English from 1800s that people today don’t use. Most of the people can’t understand most of the English that is used in this sonnet. The repetition shows a little bit of the sonnet’s rhyming pattern. It is quite different from the rhyming pattern that is in the song, ‘I Will’. Secondly, The Beatles use some poetic devices just like Elizabeth Barrett Browning’s sonnet except with some exaggerations and most importantly, it is a song, which mean that it will have tune in it. The tune in ‘I Will’ is the biggest difference that differentiates songs from sonnets. The tunes in songs make songs more memorable than sonnets; for example, The Beatles’ songs are going to be more memorable than Shakespearean sonnets. Whereas Browning’s sonnet is about her love to this person, The Beatles’ song is about his willingness to do anything for his love toward this person. The Beatles also exaggerated a little bit in the repetitive part of the song such as â€Å"Love you forever and forever, love you with all my heart, love you whenever were together, love you when were apart† The rhyming pattern used n this song can be seen in the example of repetition. The pattern uses ABAC DEDF pattern, which means it rhymes every second lines but random words are in the every other second lines. Furthermore, everyone knows that normal person can’t live forever, so the exaggerations in the song lyrics make the audiences know that this man loves this person so much that he’ll wait until his death. Thirdly, The Beatles were more effective than Browning when conveying the same theme because of the exaggeration, repetition and the tune. The old English from Browning’s sonnet made it difficult for the readers from 2012 to read and understand the meanings behind the sonnet whereas The Beatles used the modern English and had the tune in their sonnet, basically a song, and they used the same theme, similar poetic devices. Furthermore they were able to get the meanings of the song over to the audiences. Having similar structure and theme made it easier to see which piece of writing is more effective in conveying the theme. To sum up, The Beatles’ song, ‘I Will’ was more effective in conveying the theme than Elizabeth Barrett Browning’s ‘How do I love thee? Let me count the ways’ as it had easily memorable tune, exaggerations and some poetic devices such as similes, metaphors and repetitions. Although Browning and The Beatles used similar themes and poetic devices, The Beatles was more effective only because it was easily understandable by most of the people and had that easily memorable tune. Maybe if Browning’s sonnet had modern English and tunes, it might have been more effective in conveying the theme than The Beatles.

Technology is a Benefit to Our Society Essay -- Argumentative Persuasi

Technology is a Benefit to Our Society Over the last century, our world has evolved so much, because of the growth of the technological field. Although we spend a lot of money in order to gain new information, the reward goes far beyond the cost of money. In this case, the reward is the ability to save the lives of millions of people. In his essay, â€Å"The Technology of Medicine,† Lewis Thomas describes the three levels of technology; Nontechnology, Halfway Technology, and Effective Technology (582-583). â€Å"Nontechnology† has become the therapeutic part of technology, which helps patients through the emotional and mental effects that a disease can have on them. â€Å"Halfway Technology† is the name given to procedures, such as transplants, that prevent deaths of patients from the failure of certain organs of their bodies. However, the most important level is â€Å"Effective Technology† which consists of inventions used to help manage, eliminate or detect certain types of diseases before t hey have a chance to progress to higher levels within patients’ bodies. All these gadgets show that technology can be used as a benefit to humankind, only when used for the correct reasons to avoid such disasters as the cancer caused by bomb testing in Terry Williams’ essay, â€Å"The Clan of One-breasted Women.† Effective technology has not only touched the lives of people living in the United States, but those living all around the world as well. Through the invention of immunizations, we have been able to eliminate many diseases, such as smallpox, that have caused the death of millions of people in past generations. If not for the invention of antibiotics, the time and money that would be spent on treatments for infections would be much greater than ... ...s made in my life; and if it were not for the different inventions that have come out of technology, many of us would not be here today. How has technology made a difference in your life? Maybe you should think about that question before taking your own decision on this subject. Works Cited Gould, Stephen Jay. â€Å"The Terrifying Normalcy of AIDS.† The McGraw-Hill Reader. 8th ed. Ed. Gilbert H. Muller. New York: McGraw-Hill, 2003. 594-597 Selzer, Richard. â€Å"Sarcophagus.† McGraw-Hill Reader. 8th ed. Ed. Gilbert H. Muller. New York: McGraw-Hill, 2003. Thomas, Lewis. â€Å"The Technology of Medicine.† McGraw-Hill Reader. 8th ed. Ed. Gilbert H. Muller. New York: McGraw-Hill, 2003. Williams, Terry Tempest. â€Å"The Clan of One-Breasted Women.† McGraw-Hill Reader. 8th ed. Ed. Gilbert H. Muller. New York: McGraw-Hill, 2003. 598-607 4 Montilus 1

Alaotra Grebe

Many of our wetlands today house our animals so they may mate and accommodate our resources so we may survive. We treat this land carelessly; polluting it and not becoming aware of our damages until it is too late.This is notably true by the recent acknowledges extinction of the Alaotra grebe. The Birdlife International announced its extinction in May and how the introduction of alien fish to the wetlands killed off the species. We must learn from the extinction of the Alaotra grebe and prevent other species from this destiny of life.Alaotra GrebeThe Alaotra grebe, scientifically known as Tachybaptus rufolavatus of the Madagascan wetlands joins the list of the Five Great Extinctions in the history of the planet Earth. The bird species was last spotted in 1985 and it has now been confirmed to be extinct (Walker, 2010).Scientists claim that the Alaotra Grebe is the first extinction that has been caused by man and therefore becomes the sixth great extinction to be recorded in the histor y of the earth (Wu, 2010). The other five earlier extinctions include the Cretaceous-Tertiary extinction that swept the dinosaurs from the face of the Earth (McCarthy, 2010). This extinction was characterized by 75 percent of the species being wiped out in the last 65 million years (McCarthy, 2010).A meteorite that hit the earth is suggested to have resulted to this great catastrophe. Another example of extinctions was the Triassic-Jurassic extinction which occurred in about 205 million years ago and a number of non-dinosaur species got wiped (McCarthy, 2010). The dinosaurs were then left with minimal terrestrial competition. The last 251 million years also saw the vanishing of 96 percent of marine species and an additional 70 percent of land species (McCarthy, 2010).This extinction was known as the Permina-Triassic or The Great Dying. Another prolonged extinction, the late Devonian took over 2 decades from 360 to 375 million years ago (McCarthy, 2010). The fifth extinction, the Ord ovidician-Silurian was recorded as the second worst of all extinctions and it happened between 440 and 450 million years ago (McCarthy, 2010).Alaotra grebe was a medium sized rusty-colored bird which inhabited Lake Alaotra and areas surrounding Madagascar. The bird was thought of having problems flying for long distances perhaps because of having tiny wings. The bird lived sedentary mainly inhabiting the lakes and the surrounding ponds. The Alaotra grebes started vanishing in 1980s when only 12 birds were spotted at Lake Alaotra in December 1982. In September 1985, two birds were spotted in Lake Alaotra near Andreba.Afterwards in 1985, 1986 and 1988, some of the birds sharing same characteristics with Alaotra grebe were spotted although these birds were just thought to be hybrids of grebe and another species. Experts made surveys and visits to Lake Alaotra in 1999 and 2000 but never found any species of grebe or any of the birds of the genus Tachybaptus. This was an indication of fu ll extinction since there have not been any direct observations that have been made on the species.Chances of having the birds surviving at present are negligible since recent visits to Lake Amparihinandriamabavy which is near Lake Alaotra have shown no evidence of the grebe species surviving. As a result, officials of BirdLife International announced that the bird was extinct and declared that the species be included in the International Union for the Conservation of Nature (IUCN) Red List of the Five Great Extinction (McCarthy, 2010).This extinction is yet another whip to environmental economics as scarce resources such as biodiversity keep vanishing from our wetlands. In the future, these resources will no more be seen by our children as more extinction continues to take place. Birds form an important part of our environments in sustaining the food web and acting as tourist attractions thus earning income. The vanishing of Alaotra grebe means that these benefits are no more going to be realized in the future.Madagascar and Environmental EconomicsThe Madagascar wetlands form an essential site for birds as well as other biodiversity. The wetlands are a source of food and water to the Madagascan populations and to millions of people globally. However, these wetlands are very fragile environments and can be polluted and disturbed easily as in the case of Madagascar (Wu, 2010).Madagascar has been an example so that the world can learn that human actions on biodiversity can have grave consequences to the environment and the world economy (Wu, 2010). Elsewhere in Cuba, people introduced alien species and the Zapata rail is feared of extinction (Patt, 2010).   The introduction of exotic fish and mongooses has had serious impacts on the Zapata rail and joins the Madagascan case of Alaotra grebe extinction (McCarthy, 2010).Fishermen in Madagascar are blamed to have caused the serious environmental damage by covering much of the lake with nylon nets. The monofilamen t nylon nets have the potential of killing diving waterbirds. While the fishermen in Madagascar introduced the nets after significant extinction of Alaotra grebe had occurred, this action is blamed to have led to further extinction of the remaining grebe species.The goal of the government in Madagascar as well as in the entire world in the protection of biodiversity has been missed. According to policy makers and scientists, the vanishing of the rusty-colored bird, Tachybaptus rufolavatus was due to the failure of the government of Madagascar to prioritize an important aspect of conservation of the delicate and sensitive biodiversity.The extinction of the grebe species has significant effect to the country’s economy. It can be said that the plan for the people of Madagascar to have more fish by killing the grebe species was a missed target.While it is a common practice for governments to check for solutions that will mitigate pests and diseases affecting the fish industry, th e introduction of carnivorous fish was a missed target according to Gross and Williams (2010). The economists may agree that the action was reasonable as the fish pests were eliminated but the same argument must be exposed to political and ethical criticism.It however seems that nothing makes people persuaded other than financial gain and the people of Madagascar were easily lured with financial benefits. As a consequence, the helpless grebe species continued to be decreased to extinction level for the sake of money obtained from fish trading.Environmental economists in deed differ from other financial economists in one aspect: the valuing of biodiversity among all other benefits. While the actions to kill the birds using nylon gillnets and drowning them could result to more fish as the competition pressure would be reduced, environmental economists would view this as a loss to the entire biodiversity.The importance of wild nature for societies and industries is frequently mentioned as a political argument and an additional interest to protect our biodiversity. It was necessary for the government of Madagascar to have this approach of environmental economists to save the dear bird species Alaotra grebe.