MBA Math Monday Marginal Analysis by Calculus

The MBA Math Monday series helps prospective MBA students to self assess their proficiency with the quantitative building blocks of the MBA first year curriculum. The first two economics exercises examined marginal analysis. whichdiscovers a firms optimal production quantity and profit. Marginal analysis problems can be posed equivalentlyin terms of tables, formulas,or charts. Thefirst exercise used data in tables. The secondexercise used formulas but without invoking calculus. This exercise uses formula and calculus. The calculus bit is the onlyaspect of this exercise that is different from the second one. The keyidea, which is explained in the full MBA Math course, is thatthe derivative of the total cost function is the marginal cost function.The derivativeexamines the incremental change in a function (e.g., y = f(x)) given a small change in the underlying value (e.g., x). Thats just what we want when we are considering the marginal cost, which shows how much total cost (e.g., TC = f(q)) has changed for a small change in quantity (e.g., q). Similarly, the derivative of the total profit function is the marginal profit function and the derivative of the total revenue function is the marginal revenue. At least its consistent. Scary as calculus may be to many incoming b-school students, the main idea is quite straightforward if you can keep your brain from locking up in fear. And the mechanics of taking the derivative of a polynomial, which is a fancy name for the functions determining cost, are refreshingly simple, taking no more than 15 minutes to recover from the memory vault of lost ideas from high school. Exercise: Suppose a competitive firm has as its total cost function: TC = 24 + 2q2 Suppose the firms output can be sold at $66 per unit. Using calculus and formulas (but no tables) to find a solution, how many units should the firm produce to maximize profit? Solution (with audio commentary): click here Prof. Peter Regan created the self-paced, online MBA Math quantitative skills course and teaches live MBA courses at Dartmouth (Tuck), Duke (Fuqua), and Cornell (Johnson).

Taking a Look at the Italian Renaissance - 690 Words

What did art represent in the Italian Renaissance? Explain the significance of the art in the Renaissance - using examples. Choose one of the artists from each of the eras of the Italian Renaissance: Early Renaissance 1330 -1450 → Donatello, Brunelleschi, Masaccio High Renaissance 1450 - 1500 → Piero della Francesca, Michelangelo, Leonardo Da Vinci Late Renaissance 1500 - 1700 → Raphael, Titian, Carlo Maderno, Artemisia Gentileschi Take notes on the contributions that the artist made to: → development of art techniques → furthering of ideas of philosophy, nature, and society. → influence on or reveals about techniques (art), society (values, ideas, culture), artist ⇒ beauty, value (sales price), techniques (style) ~~ The Renaissance is the rebirth of Europe, and considered as the beginning of modern history. In this era of time, people looked back and studied the Greek and Roman knowledge, skills, attitude, and art, while stepping out of the Middle Ages artwork techniques and creating new techniques to breathe realism, individualism, humanism, mannerism, and more into the art. The Middle Ages artwork majorly focussed on the religious aspect of the art, leaving out the techniques to make the art look realistic. However, the Renaissance artwork used many new techniques that they developed, like chiaroscuro, the use of light and shading, to create an effect that the Middle Ages artwork had not seen before. The art shows how the Renaissance evolved from focussingShow MoreRelatedThe Italian Renaissance1228 Words   |  5 PagesThe Italian Renaissance was a time for great cultural change and achievements, which began in Italy approximately during the 13th century and lasted up until the 16th century. It marked the transition between the Dark Ages and Early Modern Europe. The European Renaissance originated in Central Italy, and centered in the city of Florence.i The distinctive characteristics of northern Italian states such as art, literature, philosophy, and culture produced an atmosphere of learning and artistic expressionRead MoreRenaissance Art : A Rebirth Of Classical Learning And The Rediscovery Of Greece862 Words   |  4 PagesRenaissance Art The Renaissance art reflected a rebirth of classical learning and the rediscovery of Greece and Ancient Rome. The Renaissance began in Northern Italy right after the Black Death which was also known as the Plague, a disease that had occurred killing almost half of the Europe’s population. The only way to avoid the disease was to leave the city to a country, however, only the rich were able to afford the trip verses the poor. The plague had led to an economic depression, there wereRead MoreAnalysis Of Jan Van Eyck s The Dutch And Flemish1721 Words   |  7 PagesThe Renaissance was a time of rebirth, and evolution in artwork all around Europe. Up in the North, right behind the Italians, the Dutch and Flemish were gearing up for their own shift in artwork to surpass their neighbors. Following inspiration from their Italian neighbors, and the International Gothic style, they looked forward and redefined painting as a style, while also changing arts meaning. Making the character s true to life in artwork was a new feat never before seen until the High RenaissanceRead MoreThe Italian Renaissance1558 Words   |  7 Pages Julianna Plunkett Ms. McGuire British Literature 11 06/10/15 The Italian Renaissance began in the mid-fourteenth century, and was marked by a turn from medieval life and values dominated by the Church toward the philosophical principles of humanism. The Italian people, especially the educated middle class, became interested in individual achievements and emphasized life in this world, as opposed to preparation for life in the next world, which was stressedRead MoreThe Renaissance: The Dawning of a New Age Essay1627 Words   |  7 PagesThe age known as the Renaissance began in the fourteenth century. The word Renaissance means rebirth, those alive in this era witnessed the dawning of a new age. It began as a literary movement among the educated and upper-class men in northern Italian cities (Wiesner 210). Writers and artists studied Roman models and Petrarch, a Renaissance writer, proposed a liberal arts curriculum in order to recapture the previous glory of Rome. The philosophy of humanism became popular bringing about the curiosityRead M oreHistorical And Philosophical Movement Of The Renaissance1596 Words   |  7 PagesThe renaissance became a historical movement that marked the beginning of individualism and modernity through the unification of philosophers, artists, writers, and poets. Although it has no fixed beginning, most theories placed the beginning era in the early 14th century. The renaissance profoundly affected European Intellectual life through the introduction of different perspectives, ideas, innovations, literature, art, science, religion among many other aspects that continue to shape modern philosophyRead MoreWhat Does The Renaissance Means and Where It Started1514 Words   |  7 PagesWhat Renaissance means and where it started The word â€Å"renaissance† means re-birth and also re-awakening. It also meant the activity, motion and even time of the big and great revival of not only art, but literature, learning, culture and science. Renaissance as a word symbolizes the revival of many aspects of life and also the transition from the medieval times to the modern times. Renaissance started in the 14th century in the republic of Florence (â€Å"Firenze† in Italian) in the north of Italy. Read MoreArt and Architecture in the Middle Ages and Renaissance Essay949 Words   |  4 PagesThe difference between the Middle Ages and the Renaissance is most visible through art and architecture, demonstrated specifically through an emphasis on religion or classical antiquity, and humanity. During the Middle Ages, art was more religious because it had a very religious influence from the church having such great power in the community. When the Renaissance started, art became more focused on ancient Greece. The Greek influence was because scholars were broadly studying the revival of classicalRead MoreReligious Art During The Renaissance1200 Words   |  5 Pageschurch. In the fourteenth century, the religious art responded to the crises of the time period. During the Renaissance, artwork shifted to an interest in realism, which can be seen in Raphaelâ⠂¬â„¢s Madonna and Child with the Young Saint John. The medium for this work of art is oil paint. it was painted in 1500 and is 47 inches in diameter. Raphael was a painter during the Italian Renaissance. He is known for his paintings of the Madonna, each one a little different. He was born on April 6, 1483, inRead MoreMichelangelo Pieta Essay1407 Words   |  6 Pagesstatue breaking off the left arm of the Virgin and her nose. The statue now rest once again in the St. Peter’s Basilica (Italian Renaissance). They are very intricate details within Pieta. Taking a closer look, we can observe that on Christ’s hands and feet there are beautiful veins that give Pieta the appearance having life flow through the sculpture. In addition, when we look at Mary’s hand supporting Christ under his arm, Michelangelo thought to have the skin of Christ arm rise up like it would

Essay Communication Law Worksheet - 827 Words

University of Phoenix Material †¢ Communication Law Worksheet Short Essay IN AT LEAST 150 TO 350-WORDS, WRITE AN ESSAY RESPONDING TO THE DETAILS OF THE FOLLOWING THREE QUESTIONS AND STATEMENTS: 1. Communication Law is primarily about the First Amendment. What different types of speech can you identify that may have different protection under the first amendment? Under the First Amendment many types of speech receive the most stringent levels of protection while others receive little to no protection at all. Political or religious speech are two of the biggest and most important areas of speech that receive the most protection and seem to be at the core of the First Amendment rights. These two types of speech receive a†¦show more content†¦Freedom of expression was and is used today as having no prior censorship. It also protects people from punishment after publication. Freedom of expression is quite different today, and today there can be nine different definitions of freedom of expression and are usually based on Supreme Court justices. Alien and Sedition Acts of 1798 â€Å"forbade false, scandalous, and malicious publications against the U.S. government, congre ss, and the President† (Pembert Calvert, 2011, p. 48). The law was used to punish those who sought to cause problems and urged resistance to the government. There were 15 prosecutions under this law, many of which belonged to leading papers in the nation at that time. This law was overturned in 1801 and President Jefferson pardoned all those convicted under this law. Today people are allowed to criticize the government and publicly hold views that do not go along with the government or the current administration with little to no prosecution. Taxation of the presses is another area und the First Amendment that has come under scrutiny. Taxing of newspapers and other press outlets was deemed unconstitutional. Government could not tax some members of certain branches over others, and taxing against the content of a publication was also found to be unconstitutional. It is unconstitutional also to â€Å"rule that selective taxation of the press through the narrow targeting ofShow MoreRelatedRisk Threat Vulnerability Essay731 Words   |  3 Pagesassessment findings, risk assessment impact, and recommendations to remediate areas of non-compliance Lab #4: Assessment Worksheet Perform a Qualitative Risk Assessment for an IT Infrastructure Overview The following risks, threats, and vulnerabilities were found in an IT infrastructure. Consider the scenario of a Healthcare provider under HIPPA compliance law and what compliance to HIPPA involves. 1. Given the list below, perform a qualitative risk assessment: Determine whichRead MoreWeek Five Acc/280 Final Exam1687 Words   |  7 Pages1) Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accounting process? A. Analysis B. Identification C. Communication D. Recording 2) Which list below best describes the major services performed by public accountants? A. Cost accounting, production scheduling, recruiting B. Bookkeeping, mergers, budgets C. Employee training, auditing, bookkeeping D. Auditing, taxation, management consulting 3) Which of theRead MoreRunning An Estate Planning Practice1577 Words   |  7 PagesBARLAY BARLAY LAW GROUP LLC CONYERS, GEORGIA Disclaimer: The material in this presentation has been prepared by Barlay Law Group LLC and is general background information about that practice current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including any information, should not be considered as advice or recommendations to anyone in relation to running and estate planning law practice andRead MoreJob Description and Recruiting Strategies Worksheet Essay889 Words   |  4 Pagesï » ¿University of Phoenix Material Job Description and Recruiting Strategies Worksheet Conduct an interview with someone who has a career or job position that is different from your own. Identify the duties associated with his or her position, as well as any skills and abilities necessary for the position. Use the information gathered in the interview, as well as the Week 3 readings, to complete the following worksheet. Answer each question in paragraph format. JOB ANALYSIS 1. What are theRead MoreIntercultural Competence Worksheet Essay1151 Words   |  5 PagesIntercultural Competence Worksheet Part 1: Short Paragraph Instructions: Respond to each question below with at least 150 words, using complete sentences. Additionally, include an example from the reading materials that supports your position. 1. What does â€Å"intercultural† communication mean to you? Intercultural communication to me means many things. It mainly means the way that people communicate throughout the different cultures that they derive from. Intercultural communication is basically theRead MoreNo Child Left Behind Act1282 Words   |  6 Pagespercent of fourth graders are proficient readers, No Child Left Behind requires schools to use research-based reading programs: A primary focus of this law is the requirement that school districts and individual schools use effective research-based reading remediation programs so all children are reading at grade level by the end of third grade. The law authorizes funds to provide assistance to State educational agencies and local educational agencies in establishing reading programs for students inRead MoreInformation Technology3745 Words   |  15 PagesIntensive and extensive reading skills in technical and non-technical reading materials. – skills in writing description, official letters and letters of application, proposals and formal technical reports. Course in detail: Unit 1: Oral communication A. Fundamentals of effective speaking: Posture, gesture, facial expression, voice, eye contact, space distancing etc. B. Group discussion on subjects of general and technical interest. Meetings a. Notice preparation Read MoreEssay on AllenAprilME1415 Wk3 Assign Worksheet V630 Words   |  3 Pagesthis week, guarding the physician-patient relationship is serious business. In this assignment you will practice what you have learned in chapters 5 and 7 in the Medical Law and Ethics textbook: Federal privacy laws that pertain to healthcare and the Patients Bill of Rights Privacy, confidentiality, and privileged communications Filing birth and death certificates Examples of communicable diseases which must be reported to local, state and/or federal authorities The Controlled Substance Act TipsRead MoreWeek Three Discussion1061 Words   |  5 Pagesweek, guarding the physician-patient relationship is serious business.In this assignment you will practice what you have learned in chapters 5 and 7 in the Medical Law and Ethics textbook: * Federal privacy laws that pertain to healthcare and the Patients Bill of Rights * Privacy, confidentiality, and privileged communications * Filing birth and death certificates * Examples of communicable diseases which must be reported to local, state and/or federal authorities * The Controlled SubstanceRead MoreMedical Laws and Ethics Record Management1160 Words   |  5 Pagesthis document to your computer. You will need to submit your answers in the area indicated below. | The Health Insurance Portability and Accountability Act (HIPAA) is a national law that protects a patient’s rights to privacy. As a Medical Administrative Assistant, it is important for you to understand and uphold this law to protect your patients’ health information. In this assignment, you will practice applying HIPAA regulations. Click here to download the Personal Health Record (PHR) to answer

Zoroastrianism vs. Christianity free essay sample

A comparison of the major beliefs in these two religions. This paper explores the correlation between Zoroastrianism and Christianity, particularly in the areas of the nature and destiny of Man, salvation, angels, heaven and hell, Judgment Day, and the end of the world. It shows that even though these religions seem to be totally different, their basic ideas stem from the same source. In terms of the nature and destiny of Man, Christianity and Zoroastrianism are similar to each other. Christianity dictates that Man is distinct from the rest of the elements of creation. Man is created in Gods likeness and because we are modeled on Gods image that comes with certain responsibilities. Because we possess the ability to exercise rationality, we are able to make personal decisions in the face of moral choices. We can be artistic and creative and perform some tasks God can perform. Since Man is modeled on Gods likeness, we are set apart from animals and plantlife in value terms. We will write a custom essay sample on Zoroastrianism vs. Christianity or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page (Koukl, 1995, 2-3). Christians believe that God made Man to exist forever in friendship with Him. The Bible refers to the resurrection of everyone, living and dead, a final judgment, and eternity in either heaven or hell when discussing the future and destiny of Mankind (http://geneva.rutgers.edu/src/christianity/heavenhell.html, 1). It is believed that when the final judgment has been passed and everyone is made accountable for his or her deeds in life, then Mankind will finally fulfill its purpose of existence. (Knight, 1999, 3).

Pizza Hut Company

Company Background Pizza Hut is an American restaurant chain. It operates franchises internationally. The company operates in the food industry and offers food items like pizzas, pastas, garlic breads, breadsticks, drinks, and desserts. It provides catering service and franchise opportunity. The company was founded in 1958 by Dan and Frank Carney and is based in Plano, Texas. It is a subsidiary of Yum Brands Inc. (Pizzahut , 2015).Advertising We will write a custom report sample on Pizza Hut Company specifically for you for only $16.05 $11/page Learn More Pizza Hut runs three different formats of restaurants – first is the family dining in restaurants, second is the delivery and carry on types, and third is where the first and second are merged together. Pizza Hut restaurants aim at providing the best quality product and service to its customers. The vision of the company at inception was to provide a special pizza eating experience and 55 years l ater, the company still prioritizes customer satisfaction above everything. The vision of the company is to be the number one pizza company in the world and the mission of the company is to bring favor to life. Pizza Hut’s objectives or â€Å"customer promise† as they call it, is to invent the most flavorful experiences and never be boring. The chain has 15,605 restaurants in 92 countries worldwide in 2014 (Yum, 2015). In China alone, there has been a 25% rise in the number of restaurants and 22% rise in the number in India (Yum, 2015). However, the largest number of chains is still in the US, which is the largest market for Pizza Hut. Situational Analysis How did the company start? Two brothers, Dan and Frank Carney, in Wichita, Kansas, started the company in 1958. In the fifties, a pizza parlor was a rarity in America, and when they opened one, it proved to be a successful business venture. Theirs was a humble venture with $600 lent to them by their mother and they p artnered with John Bender. A year later they started opening other Pizza Hut restaurants and franchises. The company believed in a policy of aggressive marketing and it grew fast in the 60s. By 1966, Pizza Hut already had 145 franchises across US (Vlessing, 1998). In 1968, the company opened its first international restaurant, in Canada and by 1970 it had opened restaurants in Germany and Australia. Due to its fast expansion and aggressive marketing policy, the company had to undergo certain structural changes in order to sustain growth. Their advertising expenditure in the local market increased from $942000 in 1972 to $3.17 million in 1974 (Vlessing, 1998). The company merged in PepsiCo in 1977. Throughout the 80s, Pizza Hut bought new competitors and aggressively acquired those who threatened their number one position.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Initially Pizza Hut faced local competition mostly from regional players like Shakey’s from Denver and Pizza Inn from Denver (Vlessing, 1998). The company faced strong growth through the 80s, expanding rapidly. However, in the 90s, there were challenges and in the early 90s, PepsiCo expanded into the emerging markets. By 1997, Pizza Hut operated in 90 countries around the globe. PESTEL Political Factors: Pizza Hut is an international restaurant chain and therefore face various regulatory and political turmoil occurring in various parts of the world. Political issues may include regulatory framework that affects the operations in a particular country. The business is open to risks that are inherent to international operations. They are susceptible to social and ethnic unrest as well as local corruption. The restaurants must comply with the local government’s license and regulations. In the Middle East, the restaurants are subject to local laws concerning security, labor, health, sanitation , and safety. Internationally, the restaurants are subject to tariffs and regulations on commodities and equipment that are imported. They are also subject t to anti-bribery and corruption laws (See Appendix table 1). Economic Factors: the global and local economic condition may affect the operations of the chain. Some economic factors that may adversely affect operations of the chain are increased unemployment, fall in disposable income, and decline in consumer confidence. Other macroeconomic factors such as increasing inflation and dwindling exchange rates may become a serious impediment to sales growth of the chain. UAE has one of the fastest growing economies with booming industries and high consumer spending, which is a positive factor that will influence the growth of the chain in the country. Social Factors: Pizza Hut is a symbol of American commodification and faces unrest from ethnic and social groups in other countries who oppose Americanization of their culture. Though th e company strives to localize their menu offerings and imparting the image of a local chain, it often faces challenge. UAE has a young population with 41% of the population belonging to the age group of 15 to 44 (Agriculture and Agri-Food Canada, 2015). Further the demand for American fast food in the country is increasing (Valdini, 2012). Technological Factors: Pizza Hut is spending a lot of its revenue on technological advancements in order to meet the demands of the tech-savvy market. For instance, the company is investing amount $30 million in 2014 (Yum!, 2014). It is planning to adopt a smart technology that will anticipate the customer’s need before she places the order (Nield, 2014).Advertising We will write a custom report sample on Pizza Hut Company specifically for you for only $16.05 $11/page Learn More This will help in better services. Further, for delivery orders, the chain is testing Uber-Esque technology to track orders (Taylor, 2 015). Thus, updating technology is essential to keep up with the technological changes occurring in daily life. Environmental Factors: These factors differ depending on the region they are operating in. A company can be charged of being harmful to the environment. One of the reasons that a company can be accused of that is using materials that are not biodegradable, and Pizza Hut does that. Legal Factors: This includes taxes, quality requirements, and employees’ specifications. Legal compliance is essential in all the countries it operates in order to meet the legal needs and the regulatory framework of the nations. Therefore, to get licenses and permission to operate restaurants, compliance to regulations is essential (Yum!, 2014). Industry analysis Pizza Hut belongs to the retail food industry. It is made up of various forms of retailers such as supermarkets, supercenters, warehouse stores, convenience stores, etc. (Yum!, 2014). The fast food casual dining industry in the U AE is growing very fast due to the rise in disposable income, change in high-end shopping mall induced lifestyle, and increase in demand for Western fast food (Valdini, 2012). Therefore, Pizza Hut does not hold a significant position in the overall industry (Yum!, 2014). The Pizza food service sales in the UAE have been growing at CAGR of 7.8% (Agriculture and Agri-Food Canada, 2015). In the fast food market, the largest brand is KFC based on the percentage of share based on sales. Pizza Hut has the third largest market share in the UAE (Agriculture and Agri-Food Canada, 2015). The fast food market is expected to grow at a very fast rate in the UAE, with the chained foodservice market to have an expected growth rate of 7.1% (Agriculture and Agri-Food Canada, 2015). Further, pizza sales in UAE are expected to grow at a rate of 12.38% (Agriculture and Agri-Food Canada, 2015). Competitor analysis The competitive environment in the fast food industry in UAE is highly fragmented. The mar ket leader in fast food in UAE is Kuwait Food Co. (Americana), which holds 3% value share in 2014 (Europmonitor International, 2015).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Domino’s Pizza is considered Pizza Hut’s number one competitor. The control of the pizza market by Pizza Hut started to be threatened when Domino’s entered the market as a delivery only chain. Other competitors include Papa John’s Pizza and Figaro’s Pizza. Other direct competitors for Pizza Hut are Papa Johns and Figaro’s Pizza that also specialize in pizza and have a number of branches around the UAE, but not even close to those of Pizza Hut (Wong, 2014). Indirect competitors of Pizza Hut include Subway, McDonalds, and other restaurants located in the food courts. Those restaurants also offer a fast service, a good price, and are located in a lot of places. However, the variety and creativity of Pizza Hut’s menu keeps it going and succeeding. A recent awareness among the people of UAE about the health hazards about fast food has increased the demand for healthy options provided by companies like Kcal Extra, Healthtrendz, and Liveâ₠¬â„¢ly who concentrate on deliveries to homes and offices catering to the health conscious consumers (Flanagan, 2015). Others like DinnerTime and Detox Delight provide food for the health and diet conscious consumers (Flanagan, 2015). One factor that might affect the industry of Pizza Hut and fast food in general is the increased health awareness. Media and doctors are focusing on promoting a healthy life style. In the GCC and specially the UAE, the number of nutritionists and gyms is highly increasing (Yum!, 2014). This awareness promotes people to taking care of the food they eat and focusing on eating healthy food. Domino’s Pizza is Pizza Hut’s first strategic benchmark company. Domino’s are working hard on their long-term strategies. They started already with the Customize Your Own Pizza option in some of the countries. Further, the company faces competition from other full-service restaurants as Pizza Hut operates in this market in the UAE. Customer analysi s The target market of Pizza Hut is both male and females of various age groups from all nationalities. The specific age group targeted is 12 to 40 years. They offer various pizzas that attract various age groups and nationalities. The price ranges at which the pizzas are offered are suited to low and middle income families. The targeted market is men and women, children, students, families, and travellers. The company has no geographic segmentation as it has its operations worldwide. The company follows lifestyle segmentation in the emerging Middle Eastern market where it has branded its restaurants as upscale dine-in. In the Middle Eastern market, Pizza Hut caters to a specific social class i.e. upper and middle class. More specifically, the target markets are those families who dine-out or order food at least once a week and have a high disposable income where a large portion of the target market’s spending goes to non-essentials. Target Segment of Pizza Hut The market siz e in the UAE is large as the country has a high percentage of young people with high disposable income and a high preference for American fast food. The target market of the chain is segregated based on the food they offer. For pizzas and pastas, they target a demographic group of 10 to 40 years of age, both male and female. Pizza Hut targets families with children, young professionals, and students. They target middle and upper middle class families in the Asian and emerging markets while in Europe and the US market they target low and middle class families. In terms of geographic segmentation, Pizza Hut puts a lot of importance on its expansion and sale in in the Middle East. The targeted market here is people within the age group of 20 to 40 and belonging to the upper to high-income group. Potential Size of Target Market The emerging and developing economies hold much more promise than developed countries. Figure 3 in the appendix shows that the emerging countries are more optimi stic about the growth prospects of GDP as well as the future of children in their country. Hence, from a futuristic view, targeting the emerging markets is an opportunity that Pizza Hut should undertake. According to the US poverty line, a household earning $10-20 daily belongs to the middle class and upper middle class is a household with income over $20-50 (Kochhar, 2015). Households with annual income over $73000 or above annually belong to the high-income group. Kochhar (2015) points out that the rise of the middle-income group has been highest in emerging economies like China, South America, and Eastern European countries. Further, the major population belonging to the upper-middle class and high-income group lived in North America, Europe, and Asia-Pacific region (Kochhar, 2015). The fast food industry in the UAE had a $8.5 billion market in 2013 and is expected to grow further (Agriculture and Agri-Food Canada, 2015). Hence, the target market of the young professional group b elonging to the age of 20 to 40 years will be rising in emerging economies (see figure 2 in Appendix). Top 3 strategic problems The three most important strategic problems faced by Pizza Hut are – Changing food preference and increasing health consciousness of the target market and introduction of healthy eating alternatives posses a threat to the market. Zero sales growth of Pizza Hut in the UAE by change in year on year sales from 2009 through 2013 (Agriculture and Agri-Food Canada, 2015). Lack of aggressive promotion in the UAE market of the popular products by Pizza Hut. For instance, Chicken Shawarma Pizza of Pizza Hut is one of the best selling ordered products of the chain, however, marketing for the product was short-lived. Recommendation Marketing Mix In the UAE the highest growth in the fast food service market are for full service casual dining and delivery model-based food service companies. In the full casual dining experience, the Pizza Hut holds the largest m arket share. However, Domino’s is the market leader in the delivery service (Agriculture and Agri-Food Canada, 2015). Product Building On Existing Product Pizza hut concentrates on offering local flavors to cater to the local markets. Pizza Hut needs to expand its menu offerings in the UAE. For example, Chicken Shawarma Pizza is part of the Flavors of the Arabia, which has 5 pizzas with flavors made to meet the Middle Eastern tastes. However, in the UAE only the chicken variant was introduced when there is a high demand for the beef variant. In addition the range includes Sujuk Pizza, Tawok Pizza, Sujuk Spirals, and Lemon Zaatar wings, which have been advertised in the UAE when the product was introduced, however, remain unavailable in the market. It is a strategic mistake to have made a promise in the advertisement and not committing to it as this creates negative image among consumers. Price Based On The Competitive Chart Price should be based on the marketing strategy that Pizza Hut employs and not directly based on the rice chart of its competitors. The prices must be competitive but concentration must be on building a brand and not start a price war. Further, Domino’s is gaining market through its online ordering business while Pizza Hut ahs not been able to match the sales rise in the digital age. Promotion Strategy The competitive rivalry between Pizza Hut and Dominos has led both the companies into price and promotional war. However, Pizza Hut has tried to move away from the business model followed by Dominos and caters to the dine-in experience of customers rather than the delivery business. Promoting restaurants with better ambience and happy dining experience will capture the mission and vision of the company and present a different form of competition to Dominos. Stakeholders According to the Yum Brand the stakeholders in their business and in turn for Pizza Hut are supply chain solutions board, the franchise associations, local commu nities, animal welfare societies, environmentalists, health and nutritionists, etc. (Yum! Brands, 2014). Budget The company should include three main strategies in their budget expenditure – first, innovating their services by increasing efficiency and better product offerings, second, entering emerging markets as inexpensive luxuries targeting the middle class and not only the upper-middle and high income group, and third, revamping their marketing campaigns. Further, many products are not properly marketed and promotion strategy is short-lived. Hence, proper budget should be in place to promote their products in the UAE market. Budget Plan Idea of returns and Sales Projections Table 3 in the appendix shows the growth of sales and marketing cost of Pizza Hut. The figures show that the sales of Pizza Hut are expected to decline based on the trend of sales in last three years (2012 through 2014). However, the cost of marketing will increase continuously. Finding the year-on-ye ar growth of sales since 2012 through 2014 was used to project sales of Pizza Hut. The compounded average growth rate is derived using the sales growth figures, which is then used to compute the trend in sales. The marketing cost was projected using the growth rate of marketing cost for 2013 and 2014. This is a warning sign for Pizza Hut, as it should revamp its product offering and boost marketing strategy to increase sales. References Agriculture and Agri-Food Canada, 2015. Foodservice Profile – The United Arab Emirates. [Online] Available at: http://www.agr.gc.ca/eng/industry-markets-and-trade/statistics-and-market-information/by-region/middle-east-and-north-africa/foodservice-profile-the-united-arab-emirates/?id=1432740194697 . Europmonitor International, 2015. Consumer Foodservice in the United Arab Emirates. [Online] . Flanagan, B., 2015. UAE health food market booming but is it getting too fat? [Online] Available at: http://www.thenational.ae/business/the-life/uae-heal th-food-market-booming-but-is-it-getting-too-fat . Gruley, B., 2014. Twilight of the Pizza Barons. [Online] Available at: http://www.bloomberg.com/bw/articles/2014-07-03/dominos-little-caesars-pizza-founders-contrasting-legacies . Kochhar, R., 2015. A Global Middle Class Is More Promise than Reality. [Online] Available at: http://www.pewglobal.org/2015/07/08/a-global-middle-class-is-more-promise-than-reality/ . Nield, D., 2014. ‘Subconscious’ Pizza HUt Menu Knows What You Want Before Yuo Do. [Online] Available at: http://www.digitaltrends.com/cool-tech/pizza-huts-new-eye-tracking-technology-knows-want-menu/ . Pew Research Center, 2014. Emerging and Developing Economies Much More Optimistic than Rich Countries about the Future. [Online] Available at: http://www.pewglobal.org/2014/10/09/emerging-and-developing-economies-much-more-optimistic-than-rich-countries-about-the-future/ . Pizzahut , 2015. Our History. [Online] Available at: http://pizzahut.com.ph/about/our_history .php . Taylor, K., 2015. Pizza Hut Is Testing Uber-Esque Delivery Tracking Tech. [Online] Available at: http://www.entrepreneur.com/article/245897 . Valdini, C., 2012. Industry focus: Fast food in the UAE. [Online] Available at: http://www.arabianbusiness.com/industry-focus-fast-food-in-uae-483500.html . Vlessing, E., 1998. Pizza Hut Inc. [Online] Available at: http://www.encyclopedia.com/topic/Pizza_Hut_Inc.aspx . Yum, 2015. Restaurant Count. [Online] Available at: http://www.yum.com/investors/restcounts.asp . Yum! Brands, 2014. Corporate Social Responsibility Report. [Online] Available at: http://www.yumcsr.com/about/stakeholders.asp . Yum!, 2014. YUM! Annual Report. [Online] Available at: http://www.yum.com/annualreport/pdf/2014yumAnnReport.pdf . Appendix Table 1: PESTEL Analysis of Pizza Hut Political 0 Economic +2 Social +4 Technological +4 Environmental -1 Legal +2 Table 2 Competitors Pizza Hut Domino’s Papa Johns Product Pizza and fast food Pizza and fast food Pizza and fast food Service Restaurant and delivery service Restaurant and delivery service Restaurant and delivery service Production/Quality Concentrates of serving local taste and diversification of market. Focuses on delivery within 30 minutes and hence efficiency. Concentrates on taste and delivery efficiency. Location 94 countries worldwide. Around the world. Europe and US. Market Share The largest Pizza chain in the US and globally. 16.7% sales in US in 2013 (Gruley, 2014). Second largest pizza chain in the US and globally. 11.1% sales in US in 2013 (Gruley, 2014). Third largest is Papa Johns in the US. 7.3% sales in US in 2013 (Gruley, 2014). Figure 2: Growth and future (Pew Research Center, 2014) Table 3: Pizza Growth Rate (Source: 2014 Yum Brand Annual Report) Sales Forecast 2012 2013 2014 2015 2016 2017 Income Sales 993 609 607 611.73 608.31 608.75 Growth rate -0.387 -0.003 0.008 -0.006 0.001 CAGR -0.91 Expense M arketing Cost Forecast Marketing Cost 173 180 187.28 194.86 202.75 Growth rate 0.040 0.040 0.040 0.040 This report on Pizza Hut Company was written and submitted by user K1nsey 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.

CORE DEMOCRATIC VALUES essays

CORE DEMOCRATIC VALUES essays Core democratic values are the fundamental beliefs and constitutional principles of American society, which unite all Americans. These values are expressed in the Declaration of Independence, the United States Constitution and other significant documents, speeches, and writings of the nation. These values do not always co-exist happily. Below is definition of some core democratic values and the reasons why they dont always co- exist happily: The government and citizens should not lie; the search for truth becomes an important aim of democracy. Democratic constitutional government is the only form of government in which every citizen has the obligation not only to tell the truth in personal matters but also to play a part in determining what the truth is in political affairs. Truth-telling sometimes conflicts with personal privacy, national security, the need for secrecy in war and with the freedoms of speech and the press itself. But the important principle in a democracy is that truth-telling serves good while lying does not. Citizens who do not insist upon the value of truth-telling of those who represent them and who do not try to distinguish the significant truth from misinformation told in news conferences, political campaigns, or other public statements put their freedom at risk. And a government that lies to its citizens as a matter of policy cannot expect to serve justice and equality, maintain its legal power, or even command the loyalty of its citizens. All people should be treated fairly in getting advantages and disadvantages of our country. No group or person should be favored. In a just democratic society, all people are entitled to participate equally in the necessary political liberties and to a fair share of the distribution of the social and economic benefits and burdens. Justice should not be seen as something one alone is permitted to, but as something to which all people are entitled. Distributive j...

World Event Analysis Essay Example | Topics and Well Written Essays - 1250 words - 1

World Event Analysis - Essay Example orate social responsibility projects present companies with an opportunity to impact society building a reputation that can prove to be of advantage in terms of sales. It is worth noting that the group commits its time and resources on social responsibility and volunteerism events. The group collaborates with other organizations in projects and events that target to affect the society. One of these events was the launching of a campaign titled ‘back to school back to health’. This paper will analyze the reasons why the united health group to become a partner and how the event has affected the society and the community. With the emerging promotion of corporate social responsibility, companies face a challenge and an opportunity in fulfilling their responsibility in the social front. It is a requirement and an expectation for each company to contribute towards sustainability and social agenda. Each company must exhibit its commitment to contribute positively. This necessitates companies to respond to collaborations that call for the pursuit of worthy causes. Companies may not plan for these events to their happening. At times, they have to respond when need arises forcing the company to make adjustments in order to exhibit its commitment to worthy causes. On October 14, the united health care, which is a unit of the united health group, launched an event in partnership with 4-H Youth in Texas. The Eat-4-Health partnership targeted to educate people in the importance of healthy eating habits and adequate exercise in combating the prevalence of non-communicable diseases. The 4-H Youth, interested fami lies, and leaders from the community would share a day of fun, health exercises, and tips on healthy living. The united health care had the responsibility of conducting health exercise that can promote calorie breakdown in the body (United Health Group, 2012). Being a leader in the medical insurance industry, promoting healthy-living awareness is one of the