Monopolistic Competition Essay Example | Topics and Well Written Essays - 1000 words

Monopolistic Competition - Essay Example Figure 1 is illustrative for separating market structure and the parts allude to the sections in Mankiw (2007). Figure 1. Gregory Mankiw on four sorts of market structure Source: Mankiw (2007, p. 341) Mankiw (2007, p. 341) explained that there is no â€Å"magic number† that would permit us to figure out what is â€Å"few† or â€Å"many† firms as the truth is never as exact as hypothesis. Samuelson and Nordhaus (2001, p. 168) had seen monopolistic rivalry as â€Å"imperfect competition†. Further, they portrayed the sort of rivalry to be â€Å"very common† (Samuelson and Nordhaus 2001, p. 187). Prior, Hunt (2000, p. 41) announced that the hypothesis of monopolistic rivalry was created by Edward Chamberlin in 1933 in which the last whined that his hypothesis was wrongly lumped with Joan Robinson’s hypothesis of defective rivalry. Specifically, Hunt (2000, p. ... Conversely, through item separation, a firm in a monopolistic rivalry has a segment of the market where he has a syndication. For example, the jeans business has Levis and Wrangler, for instance, and each brand has a lot of clients faithful to the brand. For their separate steadfast clients, each firm is an imposing business model confronting a particular interest bend. Varian (2005, p. 461) called attention to in a monopolistic rivalry, â€Å"each firm faces a descending inclining request bend for its product.† This is outlined in Figure 2. Figure 2. Monopolistic Competition in the Short Run Source: Mankiw 2007, p. 369 A graph like Figure 2 of the previous page is in Depken (2006, p. 199) just as in Taylor (2007, p. 293). In Figure 2 of the prior page, unmistakably a monopolistic serious firm boosts benefit where its negligible income rises to minimal expense (Mankiw 2007, p. 369). In any case, as appeared in Figure 2, this can prompt a misfortune or benefit, contingent upon the costs bends going up against the firm (Mankiw 2007, p. 369). The left board of Figure 2 in the promptly going before page shows a benefit for the monopolistic serious firm while the one on the correct board of Figure 2 demonstrates a misfortune. In the mean time, it must be called attention to that an a lot prior book, Eckert and Leftwich (1988, p. 212) had portrayed a considerably more flexible interest bend for a monopolistic rivalry or an interest bend that is near a flat straight line to mirror that request can either altogether drop or increment with costs changes in a monopolistic rivalry. As it were, this implies the interest bend confronting the seriously monopolistic firm in the short run is profoundly flexible. Subject to

Talking about love Essay Example For Students

Discussing love Essay Discussing love. What is love? It might appear to be a moronic inquiry, yet on second assessment, it doesn’t appear to be so idiotic. All things considered, love is an inclination. By what method can we truly portray what an inclination is or implies? The significance of any inclination can contrast significantly among people, and the importance of affection is the same. In â€Å"What We Talk About When We Talk About Love,† Raymond Carver weaves a story of two couples looking at what love is. While Carver doesn’t uncover any incredible facts about what love is, he makes an announcement about the idea of genuine romance. Carver points out that cutting edge, hit or miss, connections have little to do with adoration. Genuine affection is tied in with requiring somebody so severely that it’s deplorable to consider existence without that individual. There is an almost negligible difference between genuine romance and fixation; the previous being one of the most great sentiments that people can understanding, and the last commonly finishing off with disaster. Carver makes these focuses in the story through his utilization of subplot, symbolism, and imagery. We will compose a custom exposition on Talking about affection explicitly for you for just $16.38 $13.9/page Request now The most evident method Carver utilizes in â€Å"What We Talk About When We Talk About Love† to come to his meaningful conclusion is through the subplots in the story. The subplots rotate around the two primary couples in the story, and another couple that is presented by one of the characters close to the finish of the story. The principal couple, Mel and Terri, had been in exceptionally awful connections before meeting each other. They have been together for a long time, and wedded for four. Mel’s union with his ex Marjorie obviously finished on a terrible note. Carver states close to the finish of â€Å"What We Talk About When We Talk About Love,† â€Å"’She’s hypersensitive to bees,’ Mel said. ‘If I’m not asking she’ll get hitched once more, I’m asking she’ll get herself stung to death by a multitude of screwing bees† (444). Obviously whatever adoration Mel once felt for his ex has vanished. Terri additionally endured an awful relationship on account of a damaging man named Ed. Terri and Mel contend over Terri’s conviction that Ed truly loved her, however not in a way that was beneficial to her or to Ed. After Terri and Ed isolated, Ed made dangers against Terri and Mel, lastly ended it all. The subsequent couple, Nick and Laura, had both been recently hitched to others. Carver doesn’t express the conditions encompassing their ensuing separations, and just expresses that they met at work and began a relationship that prompted marriage. Carver portrays Nick and Laura as â€Å"still on the Honeymoon† (439). They are still at the point in their relationship where they are extremely loving toward each other, which stands out from Mel and Terri’s to some degree grinding comments to one another. In â€Å"Carver’s Couples Talk About Love,† Fred Moramarco portrays the connection among Nick and Laura as a â€Å"relationship of what we would c all ‘lite intimacy’.† Referring to Carver’s depiction of Laura as being â€Å"easy to be with† (439), Moramarco states, â€Å"This is the perfect contemporary relationshipâ€between a man and a lady who are companions just as sweethearts, and the employable word here is ‘easy.’ We all look for simple connections, yet this present reality keeps intruding.† Carver appears to portray the two couples as being together more a direct result of comfort, instead of any solid need or want to be with one another. Moramarco alludes to this circumstance as â€Å"Serial, transient love.† During the course of the discussion, Mel presents the third couple later in the story, by recounting to Nick and Laura a tale about them. Moramarco portrays the manner by which they are contrasted and the other two couples: â€Å"Both Mel and Terri from one viewpoint, and Nick and Laura on the otherâ€as well as Mel and Marjorie and Terri and Edâ⠂¬are appeared differently in relation to one more couple alluded to in the story, an older couple in their mid-seventies who have been in a car collision. Fundamentally, their camper was pummeled by a high school alcoholic driver who was slaughtered in the mishap. The old couple endure, however ‘just barely.’ Carver expects the couple to speak to our conventional origination of loveâ€lifetime monogamyâ€a love that keeps going ‘until demise do us part.’ What inconveniences Mel about the affection between this old couple is that the spouse is disturbed less in light of the fact that he and his better half are gravely harmed, but since his face is wrapped so seriously he can't move his head and take a gander at his wife.†Moramarco proceeds to clarify this kind of ward love is nearer to the adoration that Ed had for Terri than any of different couples depicted in Carver’s story. Carver utilizes the subplots of the various couples to differen tiate against one another, and show that fixation and â€Å"true love† really are a lot nearer than numerous individuals may think. He likewise utilizes the subplots to give some detail into the perspectives that the various couples originate from, in regard to the issue of adoration. The way that Nick and Laura have significantly less to state may have to do with their near freshness, in any event to the extent the length of their relationship. What's more, as Carver states, â€Å"†¦Mel McGinnis was talking. Mel McGinnis is a cardiologist, and here and there that gives him the right.† Another strategy that Carver utilizes in â€Å"What We Talk About When We Talk About Love,† is symbolism. Carver’s utilization of symbolism is to some degree unpretentious, however is utilized viably to speak to specific thoughts in the story. The principal utilization of symbolism is that of light in the story. Toward the start of the story, Carver expresses that, â⠂¬Å"Sunlight filled the kitchen from the huge window behind the sink† (437). He later portrays the light in different stages; â€Å"The evening sun resembled a nearness in this room, the open light of straightforwardness and generosity† (440), â€Å"The daylight inside the room was diverse currently, changing, getting thinner† (443), and â€Å"The light was depleting out of the room, revisiting the window where it had come from† (443). The light in the story is illustrative of the pattern of life, and legitimately identifies with a portion of the imagery that Carver utilizes in the story. Carver additionally utilizes symbolism while portraying the characters in different phases of inebriation. He states, â€Å"Mel presented himself with another beverage. He took a gander at the name intently as though contemplating a long line of numbers. At that point he gradually put the jug down on the table and gradually went after the tonic water† (442-443). He proceeds to state that â€Å"Laura was making some hard memories lighting her cigarette† (443), and, â€Å"He traversed the other. It appeared to require some investment to do it† (444). Carver is utilizing the inebriation of the characters to again depict an actual existence cycle. With the symbolism of the light and the inebriation, he shows a pattern of a brilliant and intelligible time that inexorably slows down, as though blurring endlessly. He utilizes words, for example, â€Å"slowly† ordinarily, to represent how things will in general move at a more slow pace further down the road. This again identifies with the imagery somewhere else in the story. In a fascinating turn, Carver utilizes liquor itself as both symbolism and imagery in the story. As symbolism, the liquor, and the characters expanding utilization of it, is an announcement about the disquiet that we have talking about adoration and matters of the heart. It appears that the more the character s drink, the simpler time they have exposing their spirits, and sharing their sentiments. Simultaneously however, the musings and emotions they share become increasingly incoherent and conceptual in direct connection to the measure of liquor that is devoured. For example, later in the story, Mel begins discussing culinary experts and vassals, and the discussion appears to meander away from the subject of what love is. He likewise turns out to be progressively unrefined uses greater foulness while he gets drunker. Carver states, â€Å"’Vassals, vessels,’ Mel stated, ‘what the fuck’s the distinction? You recognize what I implied at any rate. All right,’ Mel stated, ‘So I’m not instructed. I took in my stuff. I’m a heart specialist, sure, yet I’m only a technician. I go in and fuck around and I fix things. Shit.’ Mel said.†Carver’s utilization of imagery is the thing that truly integrates the story. He ut ilizes three principle images that kind of bring the subject of â€Å"What We Talk About When We Talk About Love† to the surface. Liquor is a significant image in this story, despite the fact that it additionally fills in as a type of symbolism. Liquor in the story is utilized to represent the kind of adoration that has gotten unavoidable in our general public. In actuality, it tends to be a good time for some time, yet at long last it leaves us unfilled, and feeling like we’ve been run over by a truck. This is in direct complexity to Carver’s utilization of food as an image in the story. In â€Å"Carver’s Couples Talk About Love,† Moramarco states, â€Å"Drinking is regularly appeared differently in relation to eating. Food is quite often introduced as both supporting and sustaining. Eating is a mutual action, †¦while liquor is a sort of void substitute for it that neither sustains nor supports however misshapes and confuses.† He goes on, â€Å"All of the characters are ravenous for affection, yet love as we time and again experience it in the contemporary world is a shallow substitute for the genuine article. Being eager for affection is a certain something, yet taking care of that appetite is another.† Carver utilizes the symbolism of fading light and developing inebriation as a representation for our excursion through life. During this excursion, such a large number of us settle for

Using Scholarship Essay Examples

Using Scholarship Essay ExamplesScholarship essay examples can be very useful when you are writing an essay. A lot of people write essays for college, and some people write them for fun. If you need help with a question, an example can come in handy. These are some examples of how you can benefit from looking at a sample.Most students that are not really good at math will benefit from using these types of examples. These samples make it much easier to understand and to figure out exactly what needs to be done. You don't have to worry about the complexities of algebra. This is because you are given a model and an example of a calculation, which helps you make the right calculations in a more organized manner.There are many different methods that you can use with your scholarship essay examples. You can include graphs and pictures in your essay. These can make a change in the nature of your essay. If you use a complex diagram, you will have to consider everything about the paper before you even begin.You need to make sure that the drawing is a solid one. You don't want to make it complicated to read or confusing to read, because this will affect your ability to study the next day. You need to make sure that you put everything into the drawing, so you will know that you are following the formula correctly. If the drawing has too much information, then you will have difficulty interpreting it.A more simple method of writing an essay involves using a graph. Many college students like to use a picture of a curve or a line because it will make the essay easier to understand. This is true for graphs of any kind.In addition to showing you how to use a curve or a line, the graph also shows you how the major part of the graph can be used to solve for the equations. The main point of the example is to illustrate the basic methods. You can also use this type of essay as a practice tool for when you take college courses that use algebraic formulas.Many scholarship essay exam ples do not contain any mathematical formula. You can still use them as a reference when you need one. There are some students that find they have a problem when they need a mathematical formula, and these samples can be very helpful in solving their problems.With the help of scholarship essay examples, you can improve your essay in many ways. You can figure out exactly what you need to say and then just follow the rules and examples carefully. These help you to become a better writer and to improve your essays.

With Mental Health Issues On The Rise, It’S No Surprise

With mental health issues on the rise, it’s no surprise that college students would seek help that is free and readily available on campuses. Yet, despite the 9.5% increase of college students, especially in freshmen, not all college campuses make it known that students can seek help for free in the way of support groups or campus counselors (Aikins). Issues such as depression, anxiety, and eating disorders are going untreated in students, leading to students dropping out or turning to self-harm to cope with their emotions. With all of these issues treatable and more common today, it seems colleges would want to endorse the help they can provide. Most college campuses offer counseling, promotion of these resources are typically lacking on†¦show more content†¦More than 45 percent of young adult students quit attending classes or college altogether because they feel as though they are not receiving adequate accommodations, whether professors or counseling services. Whi le not all students seek treatment, the leading reason why is the worry that they will be judged by their peers (Chadron State College). Having programs that promote seeking treatment and make students know it is normal to feel emotionally unstable at times of extreme stress, that it is treatable, and it is positive to seek treatment could benefit students and colleges together. While colleges cannot offer the adequate help all students suffering from a mental health issue, having options for students can make it easier to cope. In another study by the Chadron State College, they reported that suicide is the 3rd leading cause of death on college campuses, as a wide-spread issue increasing. In 2012 it was reported that 7.5% of undergrad college students seriously considered suicide, while 2.3% planned out their suicide, and 1.2% attempted suicide. While some could be the pressure put on students to achieve high grades and complete deadline, as well as pressure from family or educator s, most if the signs of depression have symptoms that are typically missed. Symptoms include isolation, hostility, anger issues that were not present before, hopelessness, drug orShow MoreRelatedIs Obamacare Affordable Healthcare For 6 Million Latinos1663 Words   |  7 Pageshelp for mental health issues amongst their ever growing population (Rodriguez, 2013). Even though Obamacare ensures affordable healthcare for 6 million latinos, it’s still not enough for the hispanic community who are suffering from mental illness to seek help (Rodriguez, 2013). The major fear in the latino community is the fact of being stigmatized when obtaining help from mental institutions and services (Rodriguez, 2013). Therefore, many community members refuse to seek help and the mental illnessesRead MoreMultitasking Is An Efficient Method Of Increasing Productivity While Conserving Time1653 Words   |  7 Pagesactually proven to increase stress while slowing down thinking and decreasing accura cy. A common belief that I’ve also heard all of my life was the belief that the younger generation is more efficient and able to multitask than older adults. To my surprise, the younger generation is actually more susceptible towards experiencing the negative side effects associated with multitasking. While these facts may not completely astound an individual, it helps to put the facts into perspective. For exampleRead MoreShould Social Media Be The Increase Of Eating Disorders?1592 Words   |  7 Pagesentertain, inform, or persuade us to change. It’s an important tool for many companies to advertise their goods and services. Even the government utilizes media to engage the public on ideas and values. In these cases, the government or companies are trying to persuade our behavior. We see this is the research done in the â€Å"Do you like my Facebook photo?† article. In their studies they definitely saw correlations between Facebook use and body image issues. T hrough the experiment the Psychologists foundRead MoreVideo Games And Its Effect On Society Essay1380 Words   |  6 PagesSince their conception in the late 1950s and their subsequent rise to popularity and the mainstream in the 1970’s, video games in America have been controversial. Currently around 97% of America s children play video games in some form; from home consoles such as Xbox, to personal computers and mobile games on smartphones, even in an educational form, video games are nearly everywhere and bringing in big money. Around $21 billion is being funneled into a domestic video game industry. 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Its seem too often these days: the metric rise of an athletic superstar, with fans that marvel at his strength, quickness and agility and then, in an instant the accusation of drug abuse and the subsequent investigations probations, suspensions and even permanent bans from the sport bring the rise to a screeching halt. For sports fans, its often an impossible thing to understand why would a professional athlete with millionsRead MoreEthical Practices And The Supervision And Treatment Of Prison Populations1731 Words   |  7 Pagesinmates throughout the world, the United States incarcerates inmates juveniles, women and men for crimes that are both non violent as well as violent crimes, by incarcerating these inmates and placing them under the supervision of correctional staff, it’s important to understand that correctional staff plays an important part in the safety, due process and treatment of inmates. The treatment of inmates and allowing them the due process based on the Constitution in the United States allows inmates fairRead MoreDisadvantages Of Social Media1785 Words   |  8 Pagesis still considered fairly new technology, it’s no surprise that there are concerns about its validity as a positive force in our lives. Social media, although surrounding it is a lot of controversy, is such a vital tool that we are lucky to be able to take advantage of in our world. With something with such a forceful presence in our environment, doubts about its disposition are bound to arise. One of the biggest concerns about social media is the rise of social predators. These predators are peopleRead MoreRecruitment And Selection Process For A Job Essay1474 Words   |  6 Pagesemployers and their workforce. 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People in lower classes and disabilities are unequally treated and will face issue with the coast of medical care, limited education and employment opportunities, however people with access to resources have the option of better medical care and education (Castaneda

The Benefits Of Integrated Reporting Essay - 2092 Words

The benefits of integrated reporting According to researchers, even though integrated reporting is a developing practice, it is associated with numerous benefits to organizations, stakeholders, investors and even regulators. These benefits include; 1. Better understanding of value creation Integrated reporting enables organization to use new information to measure performance in all sectors and this enhances understanding on how value is created. Since communicating value creation is one of the key aspects of integrated reporting, organization can now understand how they create or destroy value. According to IIRC (2014), up to 92 per cent of businesses in the pilot project reported better understanding of value creation. Companies that use integrated reported can now understand how non-financial aspects affect financial performance and vice versa. For instance, organizations can now understand how business models, strategies and resource allocation affect financial, human, intellectual, manufacturing and social capital. In a certain engineering company in South Africa, the use of integrated reporting helped in understanding how customer loyalty transforms finances in the long term (IIRC, 2013). The increased understanding on how organizations create or destroy value has enabled many organizations to change their business management model in order to create maximum value (Eccles Krzus, 2010). 2. Improving on what is measured Most organizations participating in theShow MoreRelatedIntegrated Reporting And Its Impact On The Business World1407 Words   |  6 PagesIntroduction and Background In the past, there had been heaps of reporting sometimes audits and cash-related reports, then their was integrated reporting that emerged and nowadays lots of organizations are looking towards integrated reporting. 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Postmodernism Essay - 508 Words

Postmodernism The 20th Century, in many ways, can be remembered as a time of scientific and technological revolution. The innovations and rapid growth in many areas of technology have cast doubt upon words such as ignorance and impossibility. This revolution also instigated new and/or radical ideas in the world of academia. The growth of post-modernism and its adherers in historical circles have caused quite a stir in dealing with the validity of many historical documents. Critical analysis of the subject of modernism and post-modernism can be simplified in one statement: What is our understanding of certainty? The modern critical analysis form is an ideal philosophy of industrialism, an ideology that adopts the†¦show more content†¦The common goal for modern historians is to find HISTORY, truth, and moral rights by methodically deducing facts and past events. By such ways, the truthful understanding of the past makes history useful for us in the present. In post-modern critical analysis, its philosophy lies in the critiquing the false in modernism. Truth/fact is merely a socially constructed ideal dependent on the context in which it is used [connotative meanings]. Post-modernists debunk the importance of fact due to limited personal perspectives. Since each person could have numerous perspectives on issues, the shear number would constitute the many facts once could have. Opposed to the modernist philosophy reflecting Western history, post-modernism follows an Eastern eclectic form of what history might be. In relation to historical analysis, post-modernism raises the importance of context. Truth/fact is dependent on the time, place and the observer. Post-modernists see many historical documents as a narrative, stories in which their validity is questionable and thus it cannot be completely true. For the record, I am a modernist with some post-modernist ideals. Modern critical analysis of history appears to be more fathomable than post-modernism. To look at the world around us objectively correlates events with reality, and gives meaning to why things happen and to prevent bad things from repeating in the future.Show MoreRelatedPostmodernism : Modernism And Postmodernism1472 Words   |  6 PagesModernism and Postmodernism are both two important eras in design. Postmodernism takes a lot of concepts from the modernism era. Both modernism and post modernism focus on Style, Social analysis, Cultural Context, Philosophy, Politics, Human experience, Machine aesthetics, and the constant transformation of the â€Å"New†. An interesting fact of the Modernism and Postmodernism is the use of the psychology and philosophy themes 1. Subjectivity 2.History 3. Culture and 4. 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In architecture, postmodernism is precise as well as ambiguous thereby in need of an explorative pursuit for a consensus of what is meant by the movement in this perspective - between the works of Charles Jencks, a primary theorist of this architectural turn; Heinrich Klotz, a leading architectural critic; and William Curtis, an architecturalRead MoreModernism And Modernism : Postmodernism And Postmodernism1632 Words   |  7 PagesModernism is what most people describe as what came before postmodernism. For this essay I will first be looking at what the meaning of modernism and postmodernism is and I will also be looking at the different factors of both modernism and postmodernism and why modernism has declined and has been rejected. 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Management Report Rock Paper Scissors †MyAssignmenthelp.com

Question: Discuss about the Management Report Rock Paper Scissors. Answer: Introduction Doing business in the current world requires critical analysis of several business situations, processes and events. There are different challenges that a new business faces before it is fully established. Moreover, if good planning is not done before opening a new business, the intensity of the challenges appear to shake the business, threatening its survival. There are certain theories, principles and models developed in the world of business that are important in business management. These three items are critical to consider when planning to start a new business or improving an existing one. In Australia, doing business is not as easy it may appear to be. This is because Australian culture values quality and consistency. Furthermore business situations are dynamic and require constant strategic measures and not just talent. Business models, principles and theories ofmanagement are critical in analysis of Australian businesses. Background Rock Paper scissor is a business enterprise that specializes in hairdressing. This business was started one year ago by an entrepreneur who won a major national award in a competition concerning hair dressing. The business has suffered challenges due to poormanagement and policies guiding its running. It has ten full time employees who are mostly demotivated given the current status of the business. It is hard to clearly make conclusion if the business is making profits or losses. This is because there are no proper kept records that can help to track the performance of the business. Objectives The objective of this report are: Identify the key challenges facing the business Help themanagement understand the requirements necessary for the business to thrive Analyze key functions that are critical for the business to start making profit. Make recommendations Analysis management concepts, principles and theories of management These concepts, models, principles and theories of management will be incorporated in the following analysis so as to understand various aspects that concerns Rock Paper Scissor. Planning the business Planning is a key function in managing a business to its success (Santos Vianna, 2014). While good planning plays a vital role in enabling the future of the business to be clear, it is not considered mandatory by some entrepreneurs who stick to the old ways of doing business and this is the main reason why they fail to achieve. Strategic planning, to be precise, is a business element that should be considered first when the idea of opening a business or improving one, comes in mind (Dibrell, Craig Neubaum, 2014). According to Sharpin, strategic management involves formation and formulation of plans regarding activities that are vital to a business. Strategic planning involves making plans and analyzing internal and external environment in an organization and determining ways in which they affect the organization or business (Aras Crowther, 2010). This analysis covers the current state of business, the projected future state, objectives and strategies to be undertaken and evaluatio n of plan. Evaluation and assessment of environment This involves business environment in Australia. Business environment is attributed to affect an organizations Strength, weakness, opportunities and threats (SWOT). External business environment presents opportunities as well as threats to a business while internal environment is concerned with business strength and weaknesses (ExcelleMalmstrom, Johansson Wincent, 2015). SWOT analysis is considered a big step when planning for an existing business or when improving products or service delivery. To improve the current business situation of Rock Paper Scissor, external environmental factors and their impact on this business need to be reviewed. Demographics patterns of an area is a factor that affects this business. In Australia, with regard to hairdressing, the active consumers of this service are mostly women and girls. More specifically, young and middle aged women are constantly looking for the best salons to make their hair. This group of demography should be viewed as an ally to hairdressing business. From business perspective, out of this knowledge, this should form a specific target group. Schools and colleges in the area comprise of high concentration of such groups and should be considered high leads. Corporates and organizations in the area should be considered potential customers supplier. Knowledge of economic status and demand patterns of these groups is critical from this point of understanding (Clark Stewart, 2012). Australia culture is a spending culture and most people particularly women are willing to pay the ultimate price to secure or improve their looks. However balance of service provided and financial potential of target customers need to be balanced. Identification of competitors is as important as identification of business allies (Ching-Chow, 2009). While competitors may be viewed as a threat to business, they are important as they help to better quality in service delivery. That other hairdressing salons are smoothly running, should pose such a question to Rock Paper scissor as where the business is going wrong. Competitors are essential tools and exploring their activities to understand where they are doing better is great step to take. Quality, consistency and professionalism are key attributes of a well doing business (Arengo Biazzo, 2013). Employees at Rock Paper Scissors lack professionalism in that they are late in for work and are not keen in ensuring customer satisfaction. It is also reported that the employees could be offering free services to their friends, thereby contributing to financial constrain the business suffers. Poor services to genuine customers is the after match for this. This is a major boost to other competitors as the customers may opt to try other places. This has enabled competitor to have an upper hand. Careful analysis of competitors strongholds, weaknesses and advantages will play a vital role in planning Rock Paper Scissor to success. Planning for changing technology is a mandatory step that needs to be taken. Technology has tremendously changed ways of doing business from traditional primitive ways to advanced modern ways (Jelonek, 2013). In a blink of an eye, a breakthrough innovation somewhere has changed the way of doings business. It is no longer business as usual. Businesses should keep pace with todays dynamic technology. Rock Paper Scissors management need to be on look out to see what is being phased out by technology, from equipment to service delivery methods. Society is also changing with technology and what was previously not important may be important today. There are necessary tools to look out for in regard to changing technology so that a business remains updated and ahead of competitors. The use of internet and surveillance camera within the business premises will help the management curb challenging situations. This for example, will help deal with theft, lateness, sluggishness among the employe es and to ensure employees maintain the highest codes of professionalism while executing their duties. Using of social media marketing to promote the business will be a great idea. In the same way, customers are able to give feedback using social media. This will be used as a tool to gauge how the business is doing. Internal environment that affects the hairdressing business will be critical in assessing its performance (Carpenter, et al, 2010). This assessment is done by identifying favorable and unfavorable success factors. These factors are input factors that include human and financial resources, processes that includes methods and strategies, and output which is the final outcome. Human factor is found to be unfavorable factor that need to be checked (McGahan, 2012). Employees are not competent enough and their code of behavior in the work environment is questionable. Recruitment strategies need to be revised so as to avoid unprofessionalism in future. For better outcome, the Rock Paper Scissor will need to improve human input and operating strategies. Mission, vision and values Development of clearly stated and well written mission and vision has been for a long time found to be a working plan towards achieving a future goal (Suddaby, 2010). Mission and vision statement are usually reflective on aspects such as essential values, guiding principles and the future of the company. They tend to give tentative answers or suggestions of what to do and where to be in the future. For Rock Paper Scissor, it is important for the management to ensure an agreement with the employees on why the business exists, what they seek to achieve and whom they are serving. Mission and vision need to be build based on deep-rooted values and core principles that are not easily changed. The vision should describe the hairdressing business in terms of key accomplishments, reputation inside and outside of the business and relationship with stake holders, mostly employees and customers. Mission should be based on such vision statements. It is therefore important for the business to hav e a written vision and mission. Strategies and goals Determination of objectives and strategies is an excellent way of gauging the validity of plans as well as gauging achievability of set plans. These objectives and strategies should aim to achieve certain goals. Strategies should be clear and goal oriented (David, 2011). It will be necessary for the management to come up with clear strategies that will put the business to profit making path. This plans and strategies will need to be discussed with all stakeholders to ensure that everyone is working according to the plans put in place. Strategies that need to be put in place should solve the current challenges facing the business such as demotivation of staff members, dishonesty and unprofitability of the business. Plans that need to be put in place should consider near and far future requirements and should emphasize on how to make continuous quality improvement as change in times may require. Organizing the business Organizing of business operations, human resource and available resources is a major driver towards success of any business. Rock Paper Scissor lacks a good organizing force. Things tend to run with hardly any form of organization. The fact that the management cant actually tell whether the business had made any profit since its formation is a clear indicator of disorganization in the business. There are no measures put in place to govern how processes should run. Although the time schedule for opening and closing hours of the business are outlined, the employees are unpunctual and arrive late. Their shifts and workloads are undefined. There is no effective way to measure the performance of workers. Business environment is not well cultivate to attract new customers and retain new as there are no customer feedback platforms. The uncertainty in the business profitability emanates from poor organization of processes. Management of the business This section will look at how Rock Paper Scissor proprietors would manage the business to control processes that are closely connected to its prosperity. This includes management of human employees, customers and resources required for running of the business effectively. Adoption of strategic management principles when addressing these factors is an important measure (Hill, Jones Schilling, 2014) Employees Recruitment of employees is an essential process in regard to quality of workforce in an organization. Rock Paper Scissor as a business has ten full time employees who work in shifts. This number is not justified given that the salon business don not have performance measures nor business traffic logistics. Members of staff are mostly demotivated and are usually unpunctual. Dishonesty among the employees is also a major challenge facing the workforce of this business. It is therefore necessary to come up with a way to manage the employees. Lost motivation of employees could be recovered through promotion of competent staffs, remuneration adjustment and involvement during decision making. The management should come up with codes of work ethics to curb dishonesty in service delivery, business property misuse, stealing etc. Customers Customers are the main stakeholders of any business. They need to be treated with great care and constantly need to be shown that they matter a lot. Customer knowledge is an important step while analyzing business needs (Taherparvar, Esmaeilpour, Dostar, 2014). One way of doing this is by putting in place measures that will provide best quality service. Customer feedback is vital in making decision to improve service or products offered. Rock Paper Scissor fails to maintain good relations with their customers. There is no sure way to gauge customers experiences in the salon. Provision of service assessment options to customers is a great way of winning customers by showing them that their feedback is valued. Information from negative feedback will help improvements to be made where possible. It will also be an essential tool for quality control and cost harmonization. Rewarding loyal customers will help maintain them and attract new ones. However this should be done wisely, maybe as an option of extended services that customers would value but that add little or no cost to the business. Resources Good resources management is a vital attribute of a business that is keen to maintain its smooth running. Human resources are important in a service business. Managing of this resource will help a business achieve its financial goals. Measure of the minimum amount of work that can be done by a single employee with required profession is an essential workforce element. To make profit, number of shifts in a day and opening hours are essential items that will determine how much a business can make out of them. Rock Paper Scissor needs to consider revision of opening and closing hours of the business. Most customers are available for hairdressing in the evenings and during weekends. Record keeping is a challenge that is facing Rock Paper Scissor. This means it is difficult to track resource inputs for comparison with output. This leaves the business in a situation that is difficult to tell whether it is making profit or loss. This lack of proper records of business events and transactions contributes to employees dishonesty. Good and modern ways of keeping records and financial reports should be put in place to eliminate theft and for purposes of audit. Recommendations It is recommended that the management of Rock Paper Scissor should: Adopt an action plan that will help to review business strategies necessary to achieve set goals and objectives on annual basis Develop customer feedback system Deploy data management system that will record all transactions and retrieve when required Come up with a management structure that will control the running of business Use technology to market and promote the business Make clearly written and well visible mission and vision statements Conclusion From the study of Rock Paper Scissor and analysis of its current situation, it is clear that the challenges the business is facing are caused by lack of good structure and running principles. Different theories, principles and models have been explored during this analysis. It can be concluded that the resulting tentative solutions should be essential considerations that will transform the business and help it to success. Managing key aspects of this business such as employees, resources and customers has been found important. Mission and vision, which have been found to be part of core values of the business, will need to be clearly known by all the stake holders of Rock Paper Scissor. Motivation of employees and appreciation of loyal customers will help improve staff and customers relationship. It was found that one method of improving service quality is by deploying of a customer feedback system. References Aras, G., Crowther, D. (2010). Sustaining business excellence. Total Quality Management Business Excellence, 21(5), 565-576. doi:10.1080/14783363.2010.481527 Arengo, P., Biazzo, S. (2013). From ISO quality standards to an integrated management system: an implementation process in SME. Total Quality Management Business Excellence, 24(3), 310-335. doi:10.1080/14783363.2012.704282 Carpenter, M. A., Bauer, T., Erdogan, B., Short, J. (2010). Principles of management. flatworld Knowledge. Ching-Chow, Y. (2009). Development of an integrated model of a business excellence system. Total Quality Management Business Excellence, 20(9), 931-944. doi:10.1080/14783360903181610 Clark, T., Stewart, J. (2012). Teaching social entrepreneurship: arts management with a community engaged perspective. Journal of Entrepreneurship Education, 151-18. David, F. R. (2011). Strategic management: Concepts and cases. Peaeson/Prentice Hall. Dibrell, C., Craig, J.B., Neubaum, D.O. (2014). Linking the formal strategic planning process, ExcelleMalmstrom, M., Johansson, J., Wincent, J. (2015). Cognitive constructions of low-profit and high-profit business models: a repertory grid study of serial entrepreneurs. Entrepreneurship: Theory And Practice, (5), 1083nce, 25(5/6), 439-460. doi:10.1080/14783363.2013.862916 Hill, C. W., Jones, G. R., Schilling, M. A. (2014). Strategic management: theory: an integrated approach. Cengage Learning. Innovation capability and business performance a case study of the banking industry. Journal Jelonek, D. (2013). Synergistic effect in alignment between business environment scanning strategy and IT strategy in enterprises. Tourism Management Studies, 9(1), 116-120. McGahan, A. M. (2012). Challenges of the Informal Economy for the Field of Management. Academy Of Management Perspectives, 26(3), 12-21. Of Knowledge Management, 18(3), 591-610. https://dx.doi.org/10.1108/JKM-11-2013-0446 planning flexibility, and innovativeness to firm performance. Journal of Business Research, Santos Ges, A. O., Vianna Brugni, T. (2014). Entrepreneurship from the perspective of small business support entities. Tourism Management Studies, 1019-25. Suddaby, R. (2010. Editor's comments: construct clarity in theories of management and organization. Academy Of Management Review, 35(3), 346-357. doi:10.5465/AMR.2010.51141319 Taherparvar, N., Esmaeilpour, R., Dostar, M. (2014). Customer knowledge management,