Karl Marx And Functionalist Theory - 1329 Words

Karl Marx and functionalist theory There is something to agree with in each one of the three sociological perspectives. There is accuracy in conflict theory perspective in that those in power determine social order and structure. Symbolic interactionism concentrates on social interactions. Since society consists of different social structures, social interaction having an effect on society certainly makes sense. Functionalist theory takes a large-scaled or macro view of social structures or institutions. Within the institutions, there is a functional structure, customs, and accepted norms or behaviors within any group of that institutional society. This paper will comprehensively describe the theory of conflict perspective based on the beliefs of sociologist Karl Marx, discussing and supporting the reasons for why portions of this theory aligns with personal views of sociology. Conflict theory emerged from the functionalist assumption that the consistency and stability of the social system are, by definition, positive (Durkin Carrothers, 2015, Ch. 1.3). It was sociologist Karl Marx (1818–1883), that originated the idea of conflict perspective theory. Marx belief according to the book titled Contemporary social issues and the workplace was â€Å"that the social order within a given structure is determined by those in power, and thus it is imposed on members of society who have the least social status† (Giraffe, 2011, Ch. 1). In other words, the less fortunate do not have theShow MoreRelatedCompare and Contrast the Main Tenet of the Functionalist and Conflict Perspectives.884 Words   |  4 PagesTopic: The conflict perspective views society less as a cohesive system and more as an arena of conflict and power struggles. Compare and contrast the main tenet of the Functionalist and Conflict Perspectives. Over the years, sociologist has put forward their views when it came to defining, studding and understanding society. Society can be defined as a group or unit of people living in a geographical area, sharing a similar background and/or culture. In sociological term, a society is any groupRead MoreEssay about Emile Durkheim vs Karl Marx1216 Words   |  5 Pageshistory, social theorists like Emile Durkheim and Karl Marx challenged the aspect of social structure in their works. Emile Durkheim is known as a functionalist states that everything serves a function in society and his main concern to discover what that function was. On the other hand Karl Marx, a conflict theorist, stresses that society is a complex system characterized by inequality and conflict that generate social change. Both Durkheim and Marx were concerned with the characteristics of groupsRead MoreEssay on The Goal of Functionalism in Religion1748 Words   |  7 Pagesplays for humans within society. Sigmund Freud , Emile Durkheim, and Karl Marx were all functionalist who developed theories as to why religion was such a major part of their society. Their views are very different from the two theorists E.B. Tylor and James Frazer, as they believed humans were using religion to try and explain the unknowns in the world. Though all three of the men took a fundamentalist approach to religion, their theories to explain religion have some major differences between them. SigmundRead MoreEssay on Perspectives of Emile Durkheim and Karl Marx1215 Words   |  5 PagesPerspectives of Emile Durkheim and Karl Marx The seventeenth and eighteenth centuries were full of evolving social and economic ideas. These views of the social structure of urban society came about through the development of ideas taken from the past revolutions. As the Industrial Revolution progressed through out the world, so did the gap between the class structures. The development of a capitalist society was a very favorable goal for the upper class. By using advanced methods of productionRead MoreThe Conflict Perspective Views Society Less as a Cohesive System and More as an Arena of Conflict and Power Struggles. Compare and Contrast the Main Tenets of the Functionalist and Conflict Perspectives.1319 Words   |  6 PagesCOURSE: INTRODUCTION TO SOCIOLOGY TOPIC: The conflict perspective views society less as a cohesive system and more as an arena of conflict and power struggles. Compare and contrast the main tenets of the functionalist and conflict perspectives. ANSWER: SECTION A Functionalists view society as a system of Social structures or subsystems working interdependently. In order for society to function, all parts of the whole must have a general consensus. Similarly, conflict theorists operate onRead MoreMacro Sociological Perspectives844 Words   |  4 Pagesof the functionalist and conflict perspectives. â€Å"The conflict perspective views society less as a cohesive system and more as an arena of conflict and power struggles†. This perspective was founded by sociologist Karl Marx (1818-1883) and serves to introduce the concept that â€Å"inequality and specifically inequality under capitalism† exists between two main â€Å"classes† in society namely the proletariat and the bourgeoisie. The functionalist perspective – another major sociological theory – wasRead MoreFunctionalism and Marxism: Sociological Perspectives Essay670 Words   |  3 PagesIn this essay I am going to compare and contrast Functionalism and Marxism. They are both sociological perspectives which have theories about society and the people that live within it. They attempt to explain how society influences people, and similarly how people influence society. However, the two perspectives are clearly different. Functionalism is a macro system theory which sees society as a mega structure of linked social institutions such as school, family and the legal system. Each differentRead MoreSociology Of Society And Human Behaviour984 Words   |  4 Pagesbehaviour. Within sociology there are three major perspectives. These include the Functionalist, Conflict or Marxist and symbolic Interactionist perspectives. Functionalism and Marxism have a number of characteristics in common and both explains society as a whole, so they are known as macro theories. Interactionism focuses on small –scale interaction rather than society as a whole so this is known as micro theory (Haralambos and Holborn 2000). The author of this essay will examine these perspectivesRead MoreCompare and Contrast Marx’s Idea of Class and Durkheim’s Division of Labour?1641 Words   |  7 Pagesfocusing on the theories of the French Sociologist Emile Durkheim and the German philosopher Karl Marx. Then it will g ive a brief discussion showing the transformation that took place from feudalism to capitalism, providing the reader with an insight into the dramatic change that took place during a time of revolution and revolt. Finally the essay will compare and contrast Marx’s idea of class and class conflict with Durkheim’s theory on the Division of labour. The Functionalist perspective is moreRead MoreMax Durkheim And Weber Summary1032 Words   |  5 Pages The Founders of Sociology Marx, Durkheim and Webber Tassanee Krawec Northern Lakes College The founders of sociology Marx, Durkheim and Webber In the early era of social transition to the industrial revolution, society had continuously confronted difficulties. The big progression of the industry times, had impacted many people from up-country to move in the urban area to seek jobs in harmful mines and factories with this it had lessened their faith, belief, and bureaucracies which

Analysis Of The Song Play It Again - 863 Words

Luke Bryan who started his singing career at age fourteen chooses specific words to indicate the time period and makes it clear to identify the genre in his popular song â€Å"Play It Again† released in 2013. The repletion but also his way of saying certain words makes this song special and is straightforward for college students to understand poetry. In this song Luke Bran spots a tan legged girl who he finds attractive. Luke the instantly assumes she is taken because of her beauty. As they begin to carry on a conversation a song comes on she gets excited because her favorite song comes on and before he asked her to dance she took his hand and danced with him until the song cut off. The uses of repetition in a poems or song are important for several reasons. First, the writer is trying to catches the reader’s attention but also trying to make a point in his/her poem or song. In the song Play it Again Luke Bryan catches the reader’s attention when he repeats line eighteen, nineteen, and the last stanza saying â€Å"Play it again, play it again, play it again.† The write catches the reader’s attention and makes a point that they want that song to be played again. For instance they want to dance once again with each other they are begging the DJ to play that song again because it is their song. In this song the word she and I were also repeated many times and often would start each line. Luke did this because he is stating that this song is about her and him. On the other hand,Show MoreRelatedAnalysis Of Shake It Off788 Words   |  4 Pagesrecord-topping album 1989 and became a smash hit across the world. Written with the help of Max M artin and Shellback, Shake It Off is an uptempo pop song that is in the key of G Major at a tempo of around 160 beats per minute. Vocally, Swift’s range in the song spans two octaves from G3 to G5. The rhythmic beats leave an impression on any music lover. The song begins with boisterous drums pertaining to the idiophone family that create a pop rhythm from the start. The drums are multi-timbral, syncopatedRead MoreWomen And The Hip Hop Industry Essay1165 Words   |  5 PagesIntroduction Men and women play a significant role in the production of lyricism and visual content in the vibrant and vocal genre that is Hip Hop. Due to this, sexuality plays a major part in creating the role of men and women within the hip hop industry. Sexuality has become a focal point for many male artist that use the image of women and their bodies, through lyricism and music videos. Men in the commercial hip hop industry have yet to stop this social issue, fame and wealth has been producedRead MoreThe Castelia City Times Analysis1189 Words   |  5 PagesSpider-Man Homecoming and Transformers: The Last Knight reviews, but my laptop was sadly corrupted and I lost those, as well as my will to continue trying this series out up until this point. Hopefully, I can make it up to you this week with a music analysis on one of the greatest rap artists of this era, J-Cole. Now, I can already see some groans or rolled eyes, but I assure you that this is no joke. Im a very avid music lover, but I despise most rap past the early 2010 era because of the lack ofRead MoreA Cost Of Digging Rabbit Holes For Time Or Money1430 Words   |  6 PagesA Cost of Digging Rabbit Holes for Time or Money Or a Breath from the Dark Side of the Moon A consciousness analysis of the concept elements of time, money and madness within Pink Floyd’s â€Å"Speak to me/Breathe† song as well as lyrics, released in1973, and featured on the album title The Dark Side of The Moon. Arguably, one of the best concept albums as well as a top ten best seller for fifteen years on Billboard’s top album charts is not only a great musical achievement, but a metaphoric masterpieceRead MoreSong Translation Methodology And Analysis913 Words   |  4 PagesMethodology and Analysis This part is aiming at displaying the utilization of important systems and norms from rewriting theory in song lyrics translation. The methodology will give a thorough explanation of how ideology and poetics influence the process of song lyrics translation. The followed part analysis will illustrate one example of English to Chinese song lyrics translation and explain in detail how ideology and poetics are applied. 3.1 Methodology Ideology as the most important factorRead MoreA Songwriting Analysis Essay705 Words   |  3 PagesA Songwriting Analysis There is one thing that is vital to every musician and that is songwriting. Whether they right the songs or not they must have something original to sing and play before they can even try to be a success. Songwriting is a craft that almost anyone who really enjoys music has tried his or her hand at. Songs have the power to inspire, unite, and comfort a person unlike any other form of media. Record companies are always on the lookout for the next number one single and whileRead MoreAnalysis the Tonight Ensemble from West Side Story1518 Words   |  7 Pagesostinato plays on this, being a 3 crotchet repeated pattern. These 3 beat patterns under duple time signatures has been found din a number of the songs and dances of West Side Story, not least the Prologue. Probably scored this way to get away from first beat accents in the wrong place - note that the bars are usually tied over. The music and the lyrics are perfectly matched to create the feeling of anticipation in all of the characters plus the emotions they are feeling. Analysis Bar 1- 6Read MoreThe History of Art, Literature, Music and Philosophy Essay1120 Words   |  5 Pagestone, colour, lighting and brushwork to create the three-dimensional effect of the picture. Part 2 Literature Read the sonnet by Anna Seward (1742 - 1809), Sonnet. December Morning (Resource book 1, A27). Write a continuous analysis of the poem, using the questions below as the focus for your answer) Questions 1. Explain, using your own words as far as possible, lines 1 to 9, up to the word given. 2. Elaborate what the main purpose of the sestet isRead MoreText Analysis: Bohemian Rhapsody1537 Words   |  7 Pages10 October 2012 Analysis of â€Å"Bohemian Rhapsody† â€Å"Bohemian Rhapsody† by Queen, a British rock band from the 1970’s, is a very complex and elaborately written and performed song. After a first listen, your senses and feelings are being stretched every which way. The song starts out slow with deeply emotional lyrics that signal deep emotion in the writer. Following the intro, the song seems to get even darker, and describes killing someone with a gun. As the song progresses, the tempo picks up withRead MoreAnalysis of the Bmg Entertainment1666 Words   |  7 PagesSince thousands of web sites posted illegal, pirated copies of songs, big record companies such as BMG Entertainment were not received any compensation from the others who illegally copied song for their own profits. Therefore, the new technology threatened not only BMG’s overall profits, but also the company’s structure, which was designed to fit to produce physical products rather than digital products. 3) Historical Industry Analysis: Before the digital age, the music industry was so prospered

A Review of The Girl with the Dragon Tattoo - 1165 Words

There have been few works of popular literature written in the new century which have so accurately captured the conflicted state of feminist identity in todays modern corporate culture that Stieg Larssons 2005 novel The Girl With the Dragon Tattoo. Written in a searing tone which is representative of the repressed rage exuded by Lisbeth Salander, the enigmatic heroine who suffers atrocious crimes at the hand of powerful men and wields a sadistic sense of vigilante-style vengeance against those who victimize innocent women, Larssons first installment in the wildly popular Millennium Series trilogy is an intensely evocative work of hyperrealism. Standing as a stark symbol of feminist aggression personified, Lisbeth Salander is described as a pale, anorexic young woman who had hair as short as a fuse, and a pierced nose and eyebrow (with) a dragon tattoo on her left shoulder blade (Thorsson, 32), and this initially incongruous image is soon reflected against her smoldering internal int ensity. As the reader is drawn inexorably inside Salanders increasingly complex psyche, witnessing both the brutality she is subjected to and the savagery she is capable of, deciphering the meaning of her mysterious tattoos, particularly the intricately drawn dragon which swathes her sinuous frame, becomes central to understanding her true character. The latent of symbolism contained within Lisbeth Salanders collage of body art is made evidently clear after she becomes the victim ofShow MoreRelatedThe Evolution of Film-Making Technology1417 Words   |  6 Pagesalso allowed them to also use all of their 35mm lenses which totalled in the thousands. Panavison teamed up with Sony and designed the electronics creating the first full frame digital camera for making feature films. Although the camera had mixed reviews, the 35mm sensor unlike the Vipers 2/3† sensor and the fact that it took Panavision lenses allowed the camera to give the almost same depth of field and look as you g et with 35mm film. The cons about the Genesis was the weight, the camera weighedRead MoreThe Style Of David Fincher s Se7en1386 Words   |  6 Pagesaudience more than any other film category. On a personal level, mystery and suspense have been a personal favourite when it comes to selecting a movie genre. Therefore, selecting se7evn was an easy choice. In addition the movie has received rave reviews from the critiques and was also nominated for an Oscar for best film editing. The crime scenes depicted an elaborate fictional setting, which showed the prowess of the makeup and costume design artists. The background soundtrack complemented variousRead MoreFilm Review Of The Movie The Curious Case Of Benjamin Button1863 Words   |  8 Pages Film Review â€Å"The Curious Case of Benjamin Button† Is a wonderful movie to watch. Although it isn’t something that happens in real life it is still incredibly relatable. It tells a story that hasn’t really been done, that’s a good thing because it makes the movie unpredictable. This movie is loosely based on the book F. Scott Fitzgerald’s story. It was directed by David Fincher. Summary The movie open’s somewhere in the early 2000’s. An elderly women, Daisy Fuller, was laying in a hospital bed withRead MoreMarketing Mistakes and Successes175322 Words   |  702 PagesSamuel Adams had received since 1984. It was not only voted the Best Beer in America four times at the annual Great American Beer Festival, but also received six gold medals in blind tastings. 1 2 Jenny McCune, â€Å"Brewing Up Profits,† Management Review, April 1994, p. 18. Ibid., p. 19. 50 †¢ Chapter 4: Boston Beer—Is Greater Growth Possible? In April 1994, Jim Koch and two of his brewmasters were testing their entry into the Great American Beer Festival: â€Å"Triple Bock.† They had not yet tried

Orbital Atk Management Importance Of Hiring A Hire A...

Purpose: The purpose of this document is to present to Orbital ATK management the importance of hiring a hire a full-time technical writer or writers in the workplace. Also to describe the benefits of having a technical writer and how he/she can impact the company greatly. Description/Background: In many businesses, there are people that rely on technical writers to produce technical documentation that helps people understand and use a product or service. At Orbital ATK we’re all about cooperating with one another and as employees, few of us became involved in strategic thinking and planning for our company. We are all actively involved in our orders, machine operations, products and much more. During one of our monthly meetings we can better incorporate new ideas and thoughts we are developing with new and creative ideas for brainstorming new machinery for more production of product and quality. Sharing ideas and getting different kinds of inputs ensures the employees that there ideas and suggestions do indeed matter. With many ideas, blurts, notes, as well as suggestions that can be towards making better machinery and quality ammo for government and non-government officials along the way (Linton, n.d.). Who would be better for such an over whe lming task other than techincal writer? Scope: This proposal will explain how beneficial it is to hire a full-time technical writer or writers. There’s so much to discuss on what makes a technical writer and what they can

Institution Free Essays

Institutions are establishments or organizations that contain individuals as a mechanism to maintain control and a secure environment. However, the institution can restrict to an extent of an individual’s experience and liberty of the world, resulting in conflict against the institution. Though many individuals apply themselves towards the institution with the nature of compliance, other individuals may be restricted therefore behaving in a conflicting fashion towards the institution. We will write a custom essay sample on Institution or any similar topic only for you Order Now This is demonstrated through Harper Lee’s â€Å"To Kill a Mockingbird† by concentrating the audience’s attention to the social inequality in Maycomb representing the communities institution. Similarly within Suzanne Collin’s novel â€Å"The Hunger Games†, the institutional government is illustrated and is explored through the situations face by the individuals contained in it. Furthermore, institutional confinements elaborate the hierarchical structure enhancing or limiting an individual within the system. As represented in Harper Lee’s â€Å"To Kill a Mockingbird†, a nature of compliance and defiance is evident within the town of Maycomb. Evaluating on this, the protagonist ‘Atticus’ depicts elements of defiance by resisting to the social means that are accustomed to in the community. Accounting for the institution’s behaviour of containment, people at the top of the institution have the ability of corruption. This is best demonstrated in the court scene where the racist views of the white residents of Maycomb are juxtaposed with Atticus Finch’s desire to represent a black client. The injustice that is present in Maycomb, is best addressed as Atticus challenges the jury to â€Å"do their duty, in the name of God†, as they decide whether Tom Robinson is guilty, despite the fact that there is no â€Å"probable cause† for supposedly raping Mayella Ewell, a white woman. This empathetic challenge by Atticus acts as the voice of reason against the racist, regressive elements of â€Å"southern† culture in the 1930’s. The institution, the town of Maycomb has been operating in a corrupt manner by segregated black and white communities within Maycomb. This segregation is again demonstrated in the court some exchanges, as the black citizen must stand in the stalls, whilst â€Å"white folk† cans sit on the same level as the judge and other court officials. In addition, Suzanne Collin’s â€Å"The Hunger Games† illustrates the nature of a governmental institution and how individuals are able to adapt or resist to the establishment. Within the novel, the protagonist Katniss Everdeen is elected to compete in the annual ‘Hunger Games’ a brutal competition containing individuals to signify the former defiance from the past districts. Through the protagonist’s portrayal of defiance, it is evident that one’s institutional thinking undergoes transformation, furthermore granting ability of opinion and greatly influencing an individual’s extent of restriction within the institution. This is supported through the statement of a participant of the games, â€Å"if I am going to die, I still want to be me†. Suzanne Collin uses this to express the emotions of a character experiencing the effects the institution, depicting the individuals as a tool or equipment used for manipulation and subsequently dehumanizing the individual. Conversely, within â€Å"To Kill a Mockingbird† the corrupted institution relies more on the community to progressively change people’s perspective rather than utilising threats. This is shown through the underlying nature of the public on how to behave within the town of Maycomb. Throughout the scene of the confrontation of Atticus Finch outside the town’s jail, the community’s men arise to form a mob creating a single identity. However, when the protagonist Atticus directs him individually towards a man, the man is shown to be contextually righteous and was only conforming to the society’s standards. This proposes the argument whether an institution is built on corruption demonstrated in â€Å"The Hunger Games† or is built on manipulation demonstrated in â€Å"To Kill a Mockingbird†. Evaluating on the manner of both characteristics of each institution it is evident that they share common aspects. Throughout both texts it is apparent that institutional thinking and institutional behaviours derive from the different social rankings that individuals subconsciously acquire. How to cite Institution, Essay examples

American Business and Foreign Policy †Free Samples to Students

Question: Discuss about the American Business and Foreign Policy. Answer: Introduction The international business procedure is getting affected due to the geographical location of the country. As stated by Miranda-de la Lama et al., (2018), especially the business rules and regulation in the border area. Due to its location in between the south and North America, the business industry of Mexico gets influenced by both the countries. Here the study has focused on Mexico, which is situated in the southern portion of North America. In this study, the external environment of the country has been discussed by using PESTLE analysis. On the other hand, competitive advantages of the business organizations have been analysed. The existing trade rules and regulation of Mexico have been highlighted in this study. Impact of foreign currency in the business industry has been discussed. Depending on this the rate of foreign investors and their interests towards business development in Mexico, the study has discussed the position of the country in international business industry. At the end of the study, depending on issues in the market required suggestion have been provided. Business industry of Mexico has the higher level of contribution in the economy of the country. As per the GDP, it is in the 15th position in the world. Large portion of the Mexican GDP comes from service and industry sector (Grande, Islas Rios, 2015). Mexico has the significant business market for the food and beverages, aerospace, motor vehicles, clothing, tobacco, mining and petroleum industry. In the year 2017, GDP rate of the country was $1.147 trillion. It has been identified from a recent report that it has second largest economy in Latin America. However, due to various socio-cultural gaps, the Mexican people are facing various challenges regarding its business development. The economic condition of the country is good is few places, but in the case of rural areas, people are facing many challenges due to lack of financial backup (Aguilar et al., 2015). As the country is located in between the North and South America, therefore both the continents have influenced the busines s environment of this country. However, mostly in the case of technological development, the European influences have been shown. PESTLE analysis Situation Positive impact Negative impact Political The Mexican government has taken different initiative for making the stable political situation in Mexico (Walker, 2015). However, the initiative has faced the failure in the rural areas. By taking the advantages of this, few local organizations have increased the price of the products and earning huge from the rural market. As the study has discussed that the political situation of the country is not in the stable condition. This has been identified recently large number of people have died due to gang violence. Therefore, this can be said that the political situation is not in favourable condition for the foreign investors. Economic The GDP rate in the country is $1.147 trillion. Which indicates the stable economic condition (Valds Vzquez Fraire, 2017). Therefore this can be understood from the GDP rate is the business opportunities in the country is very high. Due to this reason, the small business organizations will get the chance to enter the market. At the same time rate of employment will also increase. On the other hand, this has been discussed in this study that although the economic condition of the country is good, however, it is not equal in every portion of the country. In rural areas, the people face different problems due to lack of financial support. They do not get any chance to develop any kind of business in the Mexican market. On the other hand, due to economic development labour wages increases. This creates challenges for the small organizations to appoint employees in low range. Social Due to economic development in Mexico, the standard of living of the people also increases (Valds, Vzquez Fraire, 2017). It impacts on the purchasing power of the people. It helps the business organizations to develop the pricing strategy as per the requirement. On the other hand, the social status is not same in every place of Mexico. This can be said that due to an unstable social situation. This is very difficult for the organizations to develop business in Mexico. Technological From the ancient period, the Mexican civilization is famous for their mathematics, technology and astronomy. In the current scenario, the country has introduced modern technology in the business industry. Due to the introduction of software and hardware in the business industry, the online business trend has been introduced. On the other hand, if the foreign technology will be developed in this country, it will be more beneficial for developing business organizations in Mexico. Due to technological development, the local investors are not able to compete with the foreign competitors due to their technological support. Legal The Mexican government has introduced various policies for foreign investors in order to develop business in the country. In the emerging market, the foreign investors are getting the chance to enter without any complication. Therefore, this can be said that the legal condition of Mexico is in the favourable condition for the foreign investors. On the other hand, due to easier business policies, the foreign investors can easily grab the Mexican business market. This will bring the difficulties for the local organizations, which are trying to develop their business in the Mexican market. Environmental The Mexican government has introduced various environmental laws in order to develop the waste management system in this country. In order to reduce the rate of pollution from the environment, this is considered as the wise step taken by the government On the other hand, due to strict environmental laws, the business organizations, which are trying to enter in the Mexican market need to bring the changes in their packaging materials and waste management (Charter, 2017). Therefore, this can be said that the strict environmental laws can bring difficulties for the foreign organizations. Competitive advantages The term competitive advantage indicates the advantages which are being taken by an organization or country over the competitors for achieving customers attention. Hence, this can be said that competitive advantage is an important part of market analysis. By using Ansoff Matrix, the competitive advantage of Mexican business industry in the international market has been highlighted. Market penetration strategies being adopted in the case of developing existing product in the existing market (Yin, 2016). Through this strategy, the market share of the company is being increased on the market. Depending on the market segment the market share is being increased. This also helps the organization to grab the attention of new customers in the existing market. In order to implement the strategy, the organizations bring changes with its pricing strategy. By decreasing the prices of the existing products it tries to grab the attention of the customers. On the other hand, the promotional strategy of an organization gets changed for introducing existing product in the existing market in the better way. However, in this study, the market penetration strategy cannot be adopted because in this case, the study has discussed that due to rapid economic growth in Mexican market, the business organizations have decided to enter in the New Mexican business market. The strategy of market development is being adopted in the case of expanding business in a new market (Filippov, 2017). In this case the business organizations select various customer segmentation for entering the new market. These strategies are mostly taken by the organizations, which try to enter the foreign market. Though the market research the rules and regulation in the external market are being analysed by the company. By identifying the competitors in the market, the business strategy is being developed. The business segmentation gets influenced by the economic condition of the country. Here the study has focused on the strategy of market development as the business organizations are trying to enter in the Mexican market. In order to develop the business in the foreign market, the business organizations focus on the needs and demands of the market. As well as it also analyses the position of the competitors for understanding the competitive advantages. The strategy of product development is being adopted in the case of developing the new product in existing market. In this case, the organizations try to introduce new product or service in the market. In this case, the organization needs to focus on research on the market for understanding the needs and demands of the customers. On the other hand, in the case of new product development, different strategies can be adopted such as purchasing a product from the market and branding it, the joint development by connecting with other organizations and manufacturing the old product by adding more features and the new look. In the case of this study, this strategy cannot be adopted, because in this case, the Mexican market is totally unknown for the business developer. As stated by Yin (2016), the strategy of product diversification is being adopted in the case of developing new product in new market. This strategy is being adopted by the organization for increasing market share. It has been identified in this study that, in order to develop the strategy the organizations give strong effort for developing the market fist. Depending on the segmentation and target market, the product and its pricing strategy is being developed. In this situation the organizations adopt vertical and concentric diversification strategy for entering in the market with new products. Influence of foreign currency Foreign currency has the higher level of impact for developing business in any country. In the case of Mexico, in 2017, the Central Bank of Mexico has taken a drastic step towards increasing the interest rate of the country to near about 3.75% (Jensen, Quinn Weymouth, 2015). Here the government of Mexico has decided for selling the American dollar to the buyers directly in the market. Due to this reason, the value of PESO has fallen 17% in last year compared to the dollar. In this year, the PESO has recovered near about 17.81 to the dollar. As stated by Subedi (2016), after this recovery situation the volatility of Mexican PESO in the international market has increased. This has deteriorated the economic condition of Mexico in international trade industry. The chances of inflation can bring higher level of impact in the business market. The government is trying to bring the possible changes in order to stop this. The exchange rate will bring strong impact on the customer prices. Fro m a recent report, it has been identified that in the year 2014, the PESO was about 12.5 to 13.3 US dollar (Wilson, 2015). This was a significant movement taken by Mexican government. In 2015, PESO was 14.7 against 1 dollar. As opined by Cavusgil et al., (2014), due to the movement in currency exchange market, the business of the country gets affected. The payment of supplier gets affected due to this reason. On the other hand, employee wages also gets affected. As opined by Cavusgil et al., (2014), the sale forecasting report also gets influenced due to the influence of foreign currency. It becomes unpredictable for the financial experts. On the other hand, the study has highlighted the broader economy of the country, which is considered as the sensitive area and which mostly controls the export and important business, will get affected. Existing trade policies, system, barriers and incentives of the country According to Kollmann (2016), the Mexican government has introduced liberal trade policies for the business organizations, which are trying to enter in the business market of Mexico. As stated by Martn Meza (2015), wide range of trade agreements has been done by the government in order to reduce the tariff of goods. The country has taken membership in WTO in order to deal with the global rule and trade in the international market. The trade policies have been developed by the government in order to manage the export and import in Mexico. As stated by Subedi (2016), the government has also reduced the price for attracting a large number of investors. The trade system which is being followed by the business market is outward-oriented development business strategy. As the export and important business has highly contributed the GDP rate. Therefore, by following the macroeconomic policy, the trade movements are being analysed by the government. Although the government has taken various initiatives in order to bring the changes in the business industry, but due to the improper distribution in both the political and economic facilities in all over the country has created barriers for adopting the business policies (Walker, 2015). In order to motivate the foreign companies towards investing, the government has also introduced exciting incentive policies. Mexico follows the Maquiladora investment incentive policy, in which attractive incentives are being provided to the organizations which enter the Mexican market (Petras Veltmeyer, 2016). The existing level of foreign direct investment Mexico is considered as one of the popular country where the scope of foreign direct investment is very high. On the other hand, Mexico is being considered as the 15th largest FDI recipient. From the report of 2018, it has been identified that USD 93 billion has been invested in the Mexican trade industry. The investment has done directly in the Mexican industry through different foreign companies. If the foreign direct investment in Mexican industry will be analysed, it will be identified that in the year 2014, the FDI inward flow was 27508 and FDI stock was 37.5% (Petras Veltmeyer, 2016). On the other hand, in 2016, FDI inward flow was 26,739 and FDI stock was 45.3% (Salacuse, 2017). Recommendation From the above study, it has been identified country is facing the challenges due to lack of proper control on political situation. Therefore, this can be said that if the government takes strong step towards handling the political violence in the country, it will attract the foreign investors towards investing in the Mexican market. On the other hand, it has been identified in this study that due to improper economical distribution in the country, people from rural areas are facing different challenges. Therefore, this can be said that if the government notices the situation by providing financial support or providing job opportunity, the condition of the people in those areas can be improved. Conclusion In the above study, it has been identified that the government of Mexico has introduced various strategies in order to bring the development in the Mexican business industry. However, due to lack of political and Economic support in every places the business organizations may face various challenges. On the other hand, the liberal trade policies are also very influencing in the case of influencing the foreign investors towards the business market. It has been suggested in this study that if the government notices to solve the internal situation of the country, this will be helping the government in order to attract the foreign investors towards contributing in the Mexican economy. Reference list Aguilar, J. O., Xaman, J., Alvarez, G., Hernndez-Prez, I., Lpez-Mata, C. (2015). Thermal performance of a double pane window using glazing available on the Mexican market.Renewable Energy,81, 785-794. Cavusgil, S. T., Knight, G., Riesenberger, J. R., Rammal, H. G., Rose, E. L. (2014).International business. Pearson Australia. Charter, M. (Ed.). (2017).Greener marketing: A responsible approach to business. Routledge. DesJardins, J. R., McCall, J. J. (2014).Contemporary issues in business ethics. Cengage Learning. Filippov, D. V. (2017). Positioning of the Organization in the Target Markets Using the Modified Three Dimensional Matrix Model on the Example of Transport Education Market of the Republic of Sakha (Yakutia) of the Russian Federation.Advanced Science Letters,23(10), 9861-9865. Grande, G., Islas, J., Rios, M. (2015). Technical and economic analysis of Domestic High Consumption Tariff niche market for photovoltaic systems in the Mexican household sector.Renewable and Sustainable Energy Reviews,48, 738-748. Jensen, J. B., Quinn, D. P., Weymouth, S. (2015). The influence of firm global supply chains and foreign currency undervaluations on US trade disputes.International Organization,69(4), 913-947. Kollmann, R. (2016). Forthcoming in: International Journal of Central Banking (special issue on 2015 Annual Research Conference of the IJCB held in Mexico City, November 23-24, 2015) Discussion of" Financial Intermediation in a Global Environment"(Victoria Nuguer, Bank of Mexico). Martn, A. F., Meza, F. (2015).Informal Employment and Business Cycles in Emerging Economies: The Case of Mexico(No. 6780). Inter-American Development Bank. Miranda-de la Lama, G. C., Estvez-Moreno, L. X., Villarroel, M., Rayas-Amor, A. A., Mara, G. A., Seplveda, W. S. (2018). Consumer Attitudes Toward Animal Welfare-Friendly Products and Willingness to Pay: Exploration of Mexican Market Segments.Journal of Applied Animal Welfare Science, 1-13. Petras, J., Veltmeyer, H. (2016).Multinationals on Trial: Foreign Investment Matters. Routledge. Salacuse, J. W. (2017). BIT by BIT: The growth of bilateral investment treaties and their impact on foreign investment in developing countries. InGlobalization and International Investment(pp. 25-45). Routledge. Subedi, S. P. (2016).International investment law: reconciling policy and principle. Bloomsbury Publishing. Vagts, D. F., Koh, H., Dodge, W. S., Buxbaum, H. L. (2015).Transnational business problems. West Academic. Valds, A. L., Vzquez, R. D., Fraire, L. A. (2017). Conditional correlation between oil and stock market returns: The case of Mexico.Revista Mexicana de Economa y Finanzas Nueva poca REMEF (The Mexican Journal of Economics and Finance),7(1). Walker, D. W. (2015).Kinship, Business, and Politics: The Martinez del Rio Family in Mexico, 1823-1867(Vol. 70). University of Texas Press. Wilson, J. H. (2015).American Business and Foreign Policy: 1920--1933. University Press of Kentucky. Yin, N. (2016). Application of AHP-Ansoff Matrix Analysis in Business Diversification: The case of Evergrande Group. InMATEC Web of Conferences(Vol. 44). EDP Sciences.

literature Review on Project Economical Analysis Free Sample

Question: Write a Literature Review on Project Economical Analysis. Answer: Literature Review on Project Economical Analysis This section of the paper analyzes the current literature in few areas of a business that have an effect on the appraisal decisions on investment. The project economic analysis is based on the various aspects case projects that can be influential in the preparation of a financial report. The literature review is established on the basis of one specific topic that has an influence on the appraisal decisions regarding investment (Kashyap 2014). One of the most significant factors that has an impression on the decisions regarding investment and on the preparation of the financial report is the process of capital and its budgeting process. Therefore, the review of the economic analysis will be constructed on this topic as this topic is the best practiced technique that could be discovered from the analysis of the project. Capital and Budgeting Process The construction of a Capital Budgeting process is the one of the utmost significant decisions regarding policy that an organization undertakes. It is seen that an organization does not wish to finance in any long-term schemes related to investment and does not wish to maximize the interests of the stakeholders especially with the wealth of the shareholders. The most favorable decisions in the process of capital budgeting is to maximize the major objectives of the organization. These include optimizing the wealth of the shareholders and aid the companies to stay viable as the company expands and grows (Burns Walker 2015). These decisions are few integral sections of the whole corporate governance and corporate financial management. A firm expands when they invest in capital assets like in machinery and plants to create future profits that are more than the initial costs. Mukherjee et al.,(2013) reveals that decisions with respect to capital budgeting are significant owing to their long-term monetary impact to the firm, and therefore they are key. The effect of capital budgeting is applicable even in the future and the company carries on for a lengthier time period than the effects on the operational expenses. Mbabazize, Daniel (2014) explains capital budgeting as the method of choosing the capital investments. Roy et al.,(2017) on the other hand explains capital budgeting has the differential features of conversation of funds for the assistance for the future, venture in long-run operations and the effect of future opportunities over a number of years. This paper makes use of the process of capital budgeting together with appraisal regarding investment and process of decision making regarding investment. Therefore, capital budgeting in a shorter form can be defined as the decisions undertaken by a firm to assign the capital resources in the most effective manner in the long-term operations with an expectation that the average benefits of the future increases from the primary investment so as to increase the interest and the wealth of the shareholders (Rossi 2014). The decision of the firm to invest in assets that are long-term has an effect on the direction and the degree of development. An inappropriate decision can be catastrophic for the existence of the industry in the long-run. Andor et al.,(2015) explains that purchase of unimportant capital assets lead to unnecessary allocation of capital and increase in the operating costs of the firm. The capital investment returns can be computed with respect to the surplus inflow of net cash and the maximization of the price of share. The cash flows are significant liquefied resources for any organization as the additional resources can be purchased and if the inflow of cash increases from the outflow of cash. The share prices that are given on the stock exchanges are near to cash with respect to its liquidity because they can be switched to cash with ease of the firm is registered in the stock exchange. Feasible level of capital reserves provide an income more than its budget to raise the total worth of the organization that means that the investment should generate a positive Net Present Value or the Net Present Value needs to be over zero to enhance to the value of the company (Chittenden Derregia 2015). Significance of Capital Budgeting in Corporate Financial Management The process of Corporate Financial Management involves the process of financing, investing, decisions regarding dividend and working capital. It is seen that capital budgeting is a vital part of the Corporate Financial Management. The process needs concurrent considerations with respect to the decisions discussed above. It involves planning for the organization to accomplish their objectives. It is seen that decisions varies in various departments as they are decentralized and they should be well constructed to accomplish the objectives of the company (Bierman Jr Smidt 2014). An effective financial management is inclusive of the following factors: Investment Decisions: It involves assigning the capital reserve to different schemes having the utmost Net Present Value. Financing Decisions: The capital sourcing involves choosing from the most reasonable source first and then to the last Working Capital: The management of working capital is essential for undertaking the operations of the business to meet the obligations of the firm. Working capital is computed deducting the current assets from the current liabilities thereby revealing the organizations capability to met their short term liabilities when they are due. Dividend Decisions: Malenko (2016) suggests that dividend requires to be paid to the shareholders only when the obtainable investments having a positive Net Present Value are financed fully as it is known that the cheapest capital source is the internal source that is followed by debt and equity. In practice, Mendes-Da-Silva Saito (2014) reveals that the decisions to pay out dividends are established with the help of the dividend policy of the concerned firm to maintain their current shareholders and motivate new shareholders in the business. Capital Budgeting Methods It is known that there are various techniques that are used for capital budgeting by the financial managers. The methods of capital budgeting are categorized in two sections namely the Discounted Cash Flow Model (DCF) and the Non-Discounted Cash Flow Model (NDCF). DCF discounts the estimated Net Future Cash Flows by making use of the discount rate that are risk-adjusted to discover the present value by considering the Time Value of money. This process involves Net Present Value, Internal Rate of return and the Index of Profitability. The NDCF method does not price cut the net future cash flow and therefore, does not make use of the Time Value of Money and rejects the project, business risks and the financial factors (Goel 2015). This process makes use of Payback Period and the Accounting Rate of Return. The Discounted Cash Flow method and the Non-Discounted Cash Flow method are both important for a firm as they forecast the future trend of the business activities and even advise the firms about the effective budgeting of the capital that will enhance the business activities of the company. Therefore, it can be said that capital budgeting is a significant part for constructing a financial report that will develop will help an organization to expand their business. Developed Methodology for the case project The construction of the literature review is influential for the preparation of a research methodology that will aid in the development of an effective financial report. The methodology is prepared by primarily writing an introduction of the research topic that will generate the reason for the preparation of the methodology. After the introduction, an outline of the method is prepared where the process that will be undertaken to complete the methodology is explained in a summary. The research onion is prepared that consists of three layers that will be undertaken in the method and covers the various methods. The research philosophy underlines the style the research will undertake in order to obtain the final result. The style will determine the path and the genre the research will follow. The research approach is the next step that is useful in recognizing the actions that are necessary for completing the research. The research design is constructed with the prospect of directing the analysis towards obtaining an ideal goal by focusing on the goals for undertaking the research. The main aim of constructing the research methodology is to discover the process of data collection so that accurate data can be gathered in order to find out the most effective results that will enhance the operations of the business. It is essential that the methodology is prepared by maintaining the ethics so that sentiments of the firm and the stakeholders involved remain uplifted. The timeline for the preparation of the methodology is even prepared so that all the time taken for undertaking various activities can be understood. Therefore, it can be said that the preparation of an effective research methodology is fundamental so that the financial report can be prepared accurately. References Andor, G., Mohanty, S. K., Toth, T. (2015). Capital budgeting practices: a survey of Central and Eastern European firms.Emerging Markets Review,23, 148-172. Bierman Jr, H., Smidt, S. (2014).Advanced capital budgeting: Refinements in the economic analysis of investment projects. Routledge. Burns, R., Walker, J. (2015). Capital budgeting surveys: the future is now. Chittenden, F., Derregia, M. (2015). Uncertainty, irreversibility and the use of rules of thumbin capital budgeting.The British Accounting Review,47(3), 225-236. Goel, S. (2015).Capital Budgeting. Business Expert Press. Kashyap, A. (2014). Capital Allocating Decisions: Time Value of Money.Asian Journal of Management,5(1), 106-110. Malenko, A. (2016). Optimal dynamic capital budgeting. Mbabazize, P. M., Daniel, T. (2014). Capital Budgeting Practices In Developing Countries: A Case Of Rwanda.Research journalis journal of Finance,2(3). Mendes-Da-Silva, W., Saito, R. (2014). Stock exchange listing induces sophistication of capital budgeting.Revista de Administrao de Empresas,54(5), 560-574. Mukherjee, T. K., Rahahleh, N. M. A., Baker, H. K., English, P. (2013). Capital budgeting techniques in practice: US survey evidence.Capital Budgeting Valuation: Financial Analysis for Today's Investment Projects, 151-171. Rossi, M. (2014). Capital budgeting in Europe: confronting theory with practice.International Journal of Managerial and Financial Accounting,6(4), 341-356. Roy, D., Rudra, D., Prasad, P. (2017). Capital Structure and Capital Budgeting: An Empirical and Analytical Study of the Relationship.Research Bulletin,42(4), 50-60.