Analysis of the main forces driving the market for Essay

Analysis of the main forces driving the market for - Essay Example The first spike in the price of oil occurred in 1974, when the price of oil shot up to more than $10 a barrel as a result of the Arab embargo on oil owing to the Arab-Israeli war in September 1973. This was a significant event in the history of oil, as it demonstrated the power of oil in its impact on world economics and politics. (Williams, L.J. Oil Price History and Analysis). The period from 1974 to 1978 world oil prices remained more or less stable and turbulence free. Prices remained in the $12 to $14 a barrel range. (Williams, L.J. Oil Price History and Analysis). However two political incidents were soon to disturb this period of calmness. The Shah of Iran was deposed in 1979 and a theocratic government with a strong anti-American stance emerged from this revolution in Iran. This was enough to trigger a sharp rise in the price of oil around the world and was compounded by the Iraqi invasion of Iran in 1980 and as a result oil prices jumped to $40 a barrel. (Sjuggerud, S. Dr. History of Oil: The Single Greatest Prize in All History). This spurt in oil prices was to have two reactions. Exploration for oil in countries outside the OPEC (Organization of Petroleum Exporting Countries) became more frenetic on one side and the OPEC countries increased production to stabilize prices leading to a drop in prices and by mid 1986 prices of oil dipped to as low as $10 a barrel with the increased production of oil outside the OPEC countries and within the OPEC countries. (Williams, L.J. Oil Price History and Analysis). In an effort to raise the low prices of oil, OPEC brought in a quota of production for the member countries and fixed a price objective of $18 a barrel in December 1986. This self enforced discipline by OPEC showed signs of failing even by early 1987, with member countries overshooting the production quotas

Working with and Leading People Essay Example | Topics and Well Written Essays - 1500 words - 2

Working with and Leading People - Essay Example Since we worked as a team, the activities and assessments seemed to be much easier. The learning experience of working in a team is highly commendable because students have the opportunity to share ideas and to benefit from collaborative learning, assertions supported by Gallegos and Peeters (2011, p. 33). This paper will present an in-depth reflection on my experience of working in a team. From my experience, working in a team is highly beneficial as it promotes higher levels of efficiency because several individuals work on a task together and have the opportunity to combine their efforts. As identified by Hansen (2006, p. 16), the level of efficiency attained when working in a group is much higher than the efficiency resulting from a single individual. For example, we worked on a series of activities as a team, a factor that registered higher levels of efficiency. For example, we were able to complete the activities in a shorter time span compared to an individual working on the activities alone. Since the team members were willing to cooperate, we completed most of the activities in record time (Volkov & Volkov 2015, p. 269). I noted the difference in the quality of work produced, a factor, which is related to efficiency. Therefore, working in a team promotes efficiency in two different aspects. According to the skills identified by Hughes and Jones (2011, p. 60), a team can produce a higher quantity of work, which meets the expected quality. In terms of speed, the activities were completed in a short time because the group designated different roles and responsibilities for all the members of the team. Working in a team allowed students with different capacities and talents to work together. Therefore, it was possible to undertake a collaborative learning because we share ideas. The sharing of ideas between different members of the team was highly beneficial because each member learned new ideas. As

Physical Privacy Essay Example | Topics and Well Written Essays - 750 words

Physical Privacy - Essay Example Firstly, with regards to the underlying question of whether or not illegal steroid usage should be penalized to the same degree under the law that other forms of illegal drugs are penalized, it is the belief of this author that there must be a differential between the levels of punishment between these two types of drug users. This is due to the fact that the majority of illegal drugs target the means by which the user integrates with reality. What this implies is that the individual that takes mind-altering drugs is at a specific disadvantage with regards to interpreting reality and acting accordingly. As such, this means that the individual poses a risk to broader society in that they are oftentimes incapable of making rational decisions. However, with regards to the steroid user/performance enhancing drug user, although they are damaging their own health, they do not necessarily pose a risk to society at large due to the fact that steroid/performance enhancing drug usage does not impair one’s ability to make informed decisions. ... ams represent role models as opposed to financial instruments, it is the belief of this author that the idolization of sports players has reached something of preposterous proportions. Although there are many young and impressionable minds that seek to emulate the exploits and character traits of their favorite athletes, the society at large has become enamored with the means by which sportsmen, and sportswomen for that matter, represent the highest values that individuals can and should strive. Ultimately, the players should not be viewed in such a light due to the fact that they are merely investment tools utilized by corporations to increase profit (Murray, 2008). As such, one can and should revere the sportsman to no greater degree than members of a public transportation union. These members are merely performing a task and are receiving payment for doing so. Although this may come across as something of a rather jaded opinion, the utility of the onlooker is not served to any gre ater extent by viewing these individuals as demigods; rather, such an enterprise is only promoted as a means of furthering the bottom line of the corporate interests that promote the consumption of such programming and sporting events. However, before the reader can take the preceding argument against the criminalization of illegal steroid/performance enhancing drug usage too seriously, it should be stated that it the solid belief of this author that the ethical breach that such an action portends should have a high professional, albeit not legal, penalty. By breaking the public’s trust and cheating, the utility of the viewer is inherently reduced to near meaningless. As such, it is the strong belief of this author that even though it should be outside of the court’s jurisdiction to

Three Questions Case Study Example | Topics and Well Written Essays - 500 words

Three Questions - Case Study Example As the paper stresses there are certain HR. principles that have materialized into strategic practices at the organization. One of them is the principle of training human resources continuously to save on financial resources of the firm. This tenet has been implemented as a strategy in that the firm sends various heads of departments to benchmark or attend training conferences with discussions for instance, about improved methods of technical and scientific revolution. The firm also employs the services of a company psychologist to assist employees cope with their different stressing issues.  From this case study it is clear that in line with the principle of employee motivation, differentiation and establishment of remuneration according to the weight or intensity of work coupled with qualitative and quantitative performance, the firm ensures that hardworking employees are acknowledged and rewarded. For instance, the firm has a policy of recognizing the employee of the month. This is usually the worker who has successfully completed most projects and has done them well. The corporation has also made an effort to provide its workers with health insurance coverage in case of any medical emergencies that they and/or their families may encounter. This is in accordance to the fundamental principle of human resource management or labour protection if employees are faced with the risk of accidents or illnesses in the line of work.

CMM-Media and Society - Discuss Pozner Essay Example | Topics and Well Written Essays - 250 words

CMM-Media and Society - Discuss Pozner - Essay Example Since women are called the jealous gender, they are also given the title of being untrustworthy. And all this is simply a result of television shows making up our minds for us. We regularly watch such shows where women are shown trying to steal other women’s boyfriends and husbands; where they are competing with their own gender and planning against them; where they are trying to harm other women and getting a weird kind of satisfaction through it. And the reason behind television portraying such a view of women is that these kinds of shows are more popular among those who have nothing better to do than pass time. Besides, it serves as comedy and entertainment shows for the less intellectuals. Again, it is mainly about ratings and where there is a catfight there will be bound to be an audience for it. Such has become the mentality of our people and the television takes full advantage of

Death in the laboratory Essay Example | Topics and Well Written Essays - 1000 words

Death in the laboratory - Essay Example Due to the nature of the evidence, it is most likely that the Count who was discovered dead in a laboratory on 21 September died as a result of the injury caused to his body through the assault of his disease. Upon entering the scene, the body of the Count was displayed in such a way to suggest that he had fallen at the point of his death. One leg was at an awkward angle and his arm was thrown behind his back. Initial point of view suggested that he his death had been caused in such a way that he was surprised and not prepared for the fall. Since there was no evidence of bodily injury, the initial overview of the laboratory suggested that perhaps he had suffered from some sort of poisoning, either through the still open food that sat near his body or the cigarette that still had some length to it, but was no longer burning as if it had been snubbed out previous to consuming the meal. In addition, a video on safety and health was in the DVD player, along with research on the effects of the drug therapy cisplatin for use in ovarian and blood cancers. Chloroform and liquid nitrogen were also found on the scene. Further investigation into the meaning of the research revealed that it was cente red on the manipulation of DNA towards the goal of creating a successful type of gene therapy. The initial investigation into the Count’s financial life revealed that he had become near to bankruptcy, his bank account drained of what had originally been a significant savings only a short time ago, now overdrawn. Near his body was found a series of pharmaceuticals that have a specific purpose that was identified. Cisplatin, oxaliplatin, fluorouracil, and folinic acid were all found arranged on a surface near the body. Oxaliplatin is used in combination with cisplatin when innate or acquired resistance to the cisplatin therapy exists (International Symposium on Platinum Coordination Compounds in Cancer Chemotherapy, and

Why is it profitable for a stable like redbull to race in the F1 Research Paper

Why is it profitable for a stable like redbull to race in the F1 championship - Research Paper Example The research centers on the profitability of a stable like Redbull to race in the F1 championship. In terms of the Redbull products, Dubrin (2008) emphasized Red Bull’s corporate strategy includes its marketing strategies; the strategies include product, price, place, and promotion factors (Kruz, 2010). Dornbusch and Fischer (1990) emphasized price is the amount that the buyer and seller agree as payment for each Redbull beverage product. Place represents where each product is displayed. Promotion includes advertising. Promotion also includes paying the sales person to advertise the company’s Redbull products. In this case, Redbull is eager to invest lots of cash to sponsor a car racing team. In return, the company expects to recuperate the expenses from the increase in the sales of the Redbull products. The target market includes all markets located in countries around the world, especially countries where the Redbull racing team is mentioned, such as news stories. Gen erally, pricing includes selling products at equilibrium or fair market amounts. Palmer (2004) insists the company continues to financially grow despite the presence of the current global recession. The company’s present strategy focuses on product and service promotion to increase its net profits and dividend distribution. Further, the Redbull company continues to retain its huge share of the beverage market segment by implementing customer –based marketing programs (Kruz, 2010). The programs include filling the needs of the niche market – people needing energy boosting drinks. The offering of the company’s energy-enhancing products is grounded on the Redbull branding strategy. The racing includes the expansion, and customer delivery activities precipitating to the company’s leadership in the energy drink market segment in terms of net profits and revenues in the local and international market place (Feldman, 2007). Redbull continues to creatively enhance its popular beverage image by maximizing scarce assets to fulfill the company’s aim and objectives. To be profitable in the racing and marketing areas, the Redbull company incorporates innovation, challenge, and passion in its customer-based marketing activities. Aim and Objectives In terms of consultancy, Helfert (2001) reiterated the aim of the Redbull company in sponsoring its own formula one racing team is translate the cost of sponsoring the Redbull races into increases is the profits of the Redbull beverage products. To achieve the aim, the company generates several objectives. First, the company uses the races to advertise the Redbull products. To achieve the aim, Kotler (1994) opined the company generates objectives. The objectives geared towards achieving the Redbull team’s aim. One of the objectives is to initially sponsor a formula one racing team. Next, the company pursues a spectacular performance in the races. Specifically, one of the teamâ€℠¢s objectives is to win the world constructor’s drivers’ championship. Second, the team wanted to win the world driver’s champion. Third, the company wants to retain its current position in the racing championships and current Red Bull market segment. Literature Review The Formula one championship is characterized as auto racing. Maguire (2007) opined there is only one person inside the vehicle during each race. The Formula represents the rules or policies that each car racer must comply with without exception. The Formula one championships is includes Grand Prix races set in different countries. The results of the Grand Prix race are used for ranking the