History Discussion Research Paper Example | Topics and Well Written Essays - 500 words - 6

History Discussion - Research Paper Example The passage of Missouri compromise was very important in that it was the first attempt to get a solution to the matter concerning slavery. But, it is also significant to note that it did not remove the underlying problems. There still existed free and slave States and the divisions over slavery would take years and bloody outbreak of civil war to resolve the issue. The Missouri Compromise in 1820 was engineered to allow Missouri to become a slave State while Maine on the other side a Free State. In this manner, the number of Slave and Free States in America would in turn become equal leading to a balanced share of power in Congress without any State or region benefiting at the expense of the other. The most significant aspect of the Missouri compromise was that there was an agreement that no State or territory to the North of Missouri Southern Border could accept to enter the Union as State that accepted slavery (Burgan 44). This part of compromise eventually stopped slavery from spreading to the rest of Louisiana Purchase. The Northern States strongly opposed slavery while the Southern States were in favor of it. Expansion of slavery in the U.S would imply that there would be an increase in territorial population and space. This at the end would mean that the Southern States had more power or increased power in the House. In addition, the Southern States had less black population as compared to the Northern States. The U.S House had three fifth of black population while the rest was white population. Therefore, approval of Missouri as a slave Sate would imply that there would be increased Southern representation in the House thus making the Northern States insecure. In addition, the Missouri compromise of 1820 made the congress to reach a compromise over slavery issue in that it reached its first compromise on how to regulate slavery in new States and Territories. While the

Responding to Global Warming Term Paper Example | Topics and Well Written Essays - 4000 words

Responding to Global Warming - Term Paper Example The political factors have an enormous power over the regulations governing the retail business along with the control on the spending power of the consumer, the control over monopoly of a single large retailer in the market and the availability of such retail services to most customers situated across the country. The following issues or political factors can be looked upon as either threat or opportunity for Tesco in the next ten years: Stability of the political environment –Threat and Opportunity - A government in power will formalize rules governing the business of Tesco and the influence that Tesco will have over a government, as an environmentally friendly business. Government’s position on marketing ethics– Threat and Opportunity – The rules laid down by the government to make a business more environmentally friendly will have a profound effect on the money spent to be more environmentally compliant. However, this would also ensure that Tesco gains advantage by advertising its efforts to help global warming cause through advertisements and thus, gain popularity. Trading agreement of Tesco with other countries – Threat – Given the global nature of Tesco’s business, the different laws laid down by different Governments such as EU, NAFTA, ASEAN etc, can hamper the uniformity of Tesco’s policies for being environmentally friendly. The economic factors are the most vital ingredient for the success of a business. Marketers need to consider the state of a trading economy in the short and long terms, especially for planning international marketing. The issues of interest rates, a rate of inflation, employment level per capita, the long-term prospects for the economy Gross Domestic product per capita, etc, can all affect the revenue of a company and thus the budgetary allocation on adopting environmental friendly methods of business. Thus, the economic factors can be looked upon as threats and as well as opportunities.

Fruit Juice Industry Strategies

Fruit Juice Industry Strategies There are a number of drinks, in the beverage industry. They are divided into various branches. Talking about the fruit juice industry, they include natural juices and artificial juices or the man made ones. People have a number of tastes and they vary from person to person. The fruit juice industry has a number of companies. They include Vadilal, Jumpin, Kissan, Real, Onjus, Kool Kokum, Frooti, Appy, Joly Jely, Yo Fruity, Noga, Midland, Goldcoin, Druk, Tropicana etc. as the market is growing and so is the demand from the public, therefore it compels the companies to bring out new and new products from time to time in order to cater to the demands and requirements of the public. Parle Agro, which introduced the concept of mango fruit juice, named it as Frooti. In the beginning it was a huge success, with the company earning profits and at that point of time, the company did not even have much of the competitors. It positioned itself as a drink for kids. But later on, as the market saw the entrance of new and new players and the market got saturated with the number of companies providing fruit juices with a number of variants. This made parle to reposition itself and change the perception of the public. It had to change itself from drinks for kids to a drink for adults. For that it came out with a number of marketing campaigns and other strategies in order to sustain itself in the market and protect frooti from getting into the declining stage of product life cycle. A tremendous number of food items like: beverages, alcohol, bread biscuits, frozen food, saffron, snacks, spices seasonings etc. all are included under the category of Food Beverages. The food and beverage industry consists of high level of market segment, huge variety of products, huge number of companies and many other characteristics. The food and beverage industry represents a diverse set of products and processes: fresh, frozen, chilled, and long shelf-life food and beverage products are manufactured, distributed, imported, and marketed to consumers, retailers, catering services, and other manufacturers. Food and beverage manufacturing facilities use large amounts of energy for cooking, cooling, freezing, and cold storage and transport. The manufacture export of food beverage has been constantly increasing since past few years. Food beverage industry has become a big factor and has been constantly adding to the revenues of the countries. While all beverages hydrate, few of them also provide various important nutrients that our body needs. Few of them relax us, few energize us and few just satisfy our natural taste for sweetness, maybe with or without calories. Some help us to perform our best, on the other hand, some can help us in managing our health. Any beverage can be part of a weight-maintenance diet. For many people who enjoy sweetened coffee drinks, soft drinks and other beverages with calories, this requires using good judgment when it comes to how much (portion size) and how often these beverages are consumed. Fortunately for those who watch their weight, there is also a wide variety of low-calorie thirst-quenching beverages, including waters, teas, coffee, and diet soft drinks. India being the second largest market for fruits and vegetables in the world. The overall and the total production of fruits and vegetables is estimated to be around 148.5 million tones, out of which around 48.5 million tones is accounted by fruits only and the rest for vegetables which is around 100 million tones. However, the fruit juice market has not been fully tapped because of poor infrastructure, poor storage facilities, and highly unorganized market, chiefly constituted by road side vendors. Consumers still prefer to buy juices from road side vendors even if the juices are unhygienic. The major growth drivers in fruit juice market are, increase in health consciousness among consumers, increase in disposable incomes, and more sophisticated cocktail culture.1 Indian fruit juice market It is a newly developing and an unorganized market. Only recently this sector is getting more organized and attracting more players in the market. Though the unorganized corner shop vendors dominate this market, Indian consumers are moving towards branded fruit juice because of their improvement in health consciousness. Indian fruit juice market is having a net-worth of 275 crores as of now and increasing at a rate of 35% to 40% per year. This study was conducted to identify the existing market structure, industry trends, existing players and their status in the market, growth possibilities and consumer behavior of existing fruit juice consumers. The study was conducted to understand the total market intelligence so that it can guide any new entrant in this sector in Indian market would get befitted. The study includes both primary and secondary research. Primary research was conducted across India. Primary research involves collecting information from both consumers and retailers so as to get better understanding about the market. This research report can serve as a guide for any new entrant who wants to enter in this fruit juice market in India. The report can also serve as a basic industry information resource. The branded fruit juice market in India is estimated to be worth Rs 500 crore organised fruit beverage market (nectars, drinks and juices combined) and the segment is growing at about 30 per cent per annum. Big players like Dabur, Pepsi, Godrej and Parle Agro are already in the market and in view of the swift growth in the market, newcomers like Surya Foods and Agro, Mother Dairy, Ladakh Foods, Pioma Industries have come into the market with new products in the recent years. Chief Executive Officer of Dabur Foods told Food Beverage news in an interview that the market share of Daburs Real Fruit juice is now 60 per cent. No doubt Daburs Real Fruit juice is the market leader followed by Pepsis Tropicana. The two major fruit juice makers in India, Tropicana and Dabur are going all out to tease Indian taste buds with ethnic flavours. However, Godrejs Jumpin is slowly achieving its space in the fruit juice market. Godrej Industries Foods Division has introduced fruit juices under the Xs brand, which earlier only consisted of nectars. Parle Agros Frooti and N-Joi too are doing well in the market. Delhi NCR-based Surya Foods and Agro Ltd, manufacturers of Priyagold biscuits, has forayed into the juices segment. Mother Dairy has recently launched the Safal brand of juices. Safal is currently available in orange, mixed fruit, grape and an orange-apple combination. Ladakh Foods, makers of the Leh Berry seabuckthorn berry drink, has now launched an apple-peach com bination juice and a mixed fruit variant. Ahmedabad-based Pioma Industries, makers of the Rasna brand of soft drink concentrates, test marketed a diluted mango juice in Andhra Pradesh recently. There are now racks filled with fruit juices, nectars and drinks. Traditionally, the Indian life style has a predilection for fresh fruits and vegetables or those processed at home. There is a sea change. People, are now increasingly going in for fresh fruit vending from kiosk fountains, which produce instant juices from fresh fruits in the presence of the consumer. It could be due to the non-availability of hygienically produced and well-preserved products with the use of preservatives. That is why some of the real but branded fruit juices launched in the late 1980s and early 1990s did not succeed. There has been a steady rise in the capacity, production and capacity utilisation in the fruit processing units. The processing capacity had gone up from 0.9 mn tonnes in 1990-91 to 2.1 mn tonnes in 1999-00. The capacity utilisation improved from 31% to 47%, with the production in 1999-00 estimated to have increased to 980,000 tonnes. The official reports do not show any substantial increase in total output although branded drinks do show a healthy improvement. There is no general acceptance of the product forms in the fruit drinks market. The consumer is basically concerned that it is a fruit juice and not a synthetically constituted product. Accordingly, the first segmentation is between real fruit drinks and synthetic drinks. The former are based on natural fruit pulp or juice. The others are synthetic products containing fruit flavours. Among the fruit juice beverages are fruit juices (Pepsis Tropicana), nectars (Daburs Real) and fruit drinks (Frooti and Slice). All these are re al, reconstituted from fruit pulps or concentrates. The leading fruit juice brands include Real, Onjus, Tropicana, Frooti, Jumpin. The fruit drinks are mainly based on oranges, mangoes, pineapples, grapes, apples, guava and tomato. They only differ in pulp content: the juices have over 85%, nectars (20% to 85%) and fruit drinks (less than 20%). The branded fruit juices market inclusive of nectars is placed at about Rs 10 bn. The pure fruit juices are the preferred drink among the fruit drinks. This segment is growing at around 10% annually. The market for fruit juices is expected to grow to Rs. 7.50 bn by end 2009-10 from nearly Rs. 4.75 bn presently. Dabur Foods has launched Real Junior, a 125 ml pack of apple and mango drinks for children below 6 years of age. Pioma Industries, the maker of Rasna brand of soft drink concentrate, was negotiating a joint venture with Del Monte Foods of the USA. Del Monte is the largest producer of canned fruits and vegetables in the US. Rasna has set up its first production unit in Himachal Pradesh, with an installed capacity of 350,000 cases a year. The Prakash Chauhan-controlled Parle Agro was to launch two new fruit beverages, besides widening its product portfolio by getting into jams and ketchups. The poduction units were planned in Maharashtra. The company slashed the prices of Frooti and Appy to gain market share. Merisant India, a subsidiary of Merisant USA and makers of Equal, the low calorie sweetener, has introduced a powdered soft drink under the brand, Fix, in the Indian market. The drink is low in calories and will be sold in different flavours peach, orange, mango, pineapple and lemon. Juice is the liquid naturally contained in fruit or vegetable tissue. Juice is prepared by mechanically squeezing or macerating fresh fruits or vegetables without the application of heat or solvents. For example, orange juice is the liquid extract of the fruit of the orange tree. Juice may be prepared in the home from fresh fruits and vegetables using variety of hand or electric juicers. Many commercial juices are filtered to remove fiber or pulp, but high-pulp fresh orange juice is a popular beverage. Juice may be marketed in concentrate form, sometimes frozen, requiring the user to add water to reconstitute the liquid back to its original state. However, concentrates generally have a noticeably different taste from that of their fresh-squeezed counterparts. Other juices are reconstituted before packaging for retail sale. Common methods for preservation and processing of fruit juices include canning,pasteurization, freezing, evaporation and spray drying. Theoretical background Positioning In marketing, positioning has come to mean the process by which marketers try to create an image or identity in the minds of their target market for its product, brand, or organization. Re-positioning involves changing the identity of a product, relative to the identity of competing products, in the collective minds of the target market. What most will agree on is that Positioning is something (perception) that happens in the minds of the target market. It is the aggregate perception the market has of a particular company, product or service in relation to their perceptions of the competitors in the same category. It will happen whether or not a companys management is proactive, reactive or passive about the on-going process of evolving a position. But a company can positively influence the perceptions through enlightened strategic actions. Positioning is about how you differentiate your product or service in the mind of your prospect. The Essence of Positioning Positioning is a new approach to communication, advertising andmarketing. It is an organized system for finding a window in the mind of your prospect in order to position effectively over there a product a merchandise, a service, a company, or a person against its main competitors. This system is based on the concept that communication can only take place at the right time and under the right circumstances. The mind accepts only that new information which matches its current state. It filters out everything else. In other words, positioning is a process by which a psychological anchor has been placed into the minds of prospects so that they come to choose one specific person or company over another. Positioning is what you do to the mind of the prospect you look for the solution of your problem inside the prospects mind. Anyone can use positioning strategy to get ahead in the game of life. Positioning is a process that focuses on conveying product value to buyers, resulting in a family of documents which drive all outbound communications. Yet in recent years, it seems as if positioning has devolved into a document of vague superlatives that convey nothing as they attempt to trick the customer into buying the product. The best positioning clearly states how the product will solve specific customer problems. Positioning a Brand in the Marketplace Without the ability to de-average a companys consumer base, marketing activities would wander off in the general direction of a theoretical average consumer. Yet too often, segmentation efforts dont lead to business actions that create value Many customer analytic models and segmentation systems provide insight into who should be targeted or what message to deliver; but the models themselves rarely offer an optimum long-term contact strategy. What can you do to attain ongoing and consistent profitability from your customer segments? A brands position is the set of perceptions, impressions, ideas and feelings that consumers have for the product compared with competing products. Marketers plan positions that give their products the greatest advantage in selected target markets, and they design marketing mixes to create these planned positions. In planning their positioning, marketers often prepare perceptual maps that show consumer perceptions of their brand versus competing brands on attributes that are important to the consumer, whether functional or symbolic. Perceptual Maps are useful for these key reasons: * Assessing strengths and weaknesses relative to competing brands along certain criteria important to the customer. o This is revealed by the positions of the marketers brand and competing brands along the axes. http://www.brandingstrategyinsider.com/brand_positioning/ 5 Factors of Brand Positioning Last week, I wrote about how to break through branding clutter by defining yourbrands unique value proposition then owning it in the the marketplace thereby establishing your brands position. Today, lets take a look at the 5 main factors that go into defining a brand position. 1. Brand Attributes What the brand delivers through features and benefits to consumers. 2. Consumer Expectations What consumers expect to receive from the brand. 3. Competitor attributes What the other brands in the market offer through features and benefits to consumers. 4. Price An easily quantifiable factor Your prices vs. your competitors prices. 5. Consumer perceptions The perceived quality and value of your brand in consumers minds (i.e., does your brand offer the cheap solution, the good value for the money solution, the high-end, high-price tag solution, etc.?). http://www.corporate-eye.com/blog/2008/07/5-factors-of-brand-positioning/ Positioning concepts More generally, there are three types of positioning concepts: Functional positions Solve problems Provide benefits to customers Get favorable perception by investors (stock profile) and lenders Symbolic positions Self-image enhancement Ego identification Belongingness and social meaningfulness Affective fulfillment Experiential positions Provide sensory stimulation Provide cognitive stimulation Product Positioning Process Generally, the product positioning process involves: Defining the market in which the product or brand will compete (who the relevant buyers are) Identifying the attributes (also called dimensions) that define the product space Collecting information from a sample of customers about their perceptions of each product on the relevant attributes Determine each products share of mind Determine each products current location in the product space Determine the target markets preferred combination of attributes (referred to as an ideal vector) Examine the fit between: The position of your product The position of the ideal vector Position. Measuring the positioning Positioning is facilitated by a graphical technique called perceptual mapping, various survey techniques, and statistical techniques like multi dimensional scaling, factor analysis, conjoint analysis, and logit analysis. Repositioning a company In volatile markets, it can be necessary even urgent to reposition an entire company, rather than just a product line or brand. Take, for example, when Goldman Sachs and Morgan Stanley suddenly shifted from investment to commercial banks. The expectations of investors, employees, clients and regulators all need to shift and each company will need to influence how these perceptions change. Doing so involves repositioning the entire firm. This is especially true of small and medium-sized firms, many of which often lack strong brands for individual product lines. In a prolonged recession, business approaches that were effective during healthy economies often become ineffective and it becomes necessary to change a firms positioning. Upscale restaurants, for example, which previously flourished on expense account dinners and corporate events, may for the first time need to stress value as a sale tool. Repositioning a company involves more than a marketing challenge. It involves making hard decisions about how a market is shifting and how a firms competitors will react. Often these decisions must be made without the benefit of sufficient information, simply because the definition of volatility is that change becomes difficult or impossible to predict. A strong strategic plan with a new and powerful dynamic can help you get there. Strategic Planning with a major emphasis on Strategic Repositioning harnesses your unique strengths to achieve success in the marketplace. Strategic Repositioning is a process by which your company identifies its strategic competencies and discovers ways to exploit those strengths in order to propel your firm into a more prosperous and competitive future. Incorporating this element into the strategic planning process can help turn a struggling business around or guide an already successful enterprise into new and profitable territory. http://jobfunctions.bnet.com/abstract.aspx?docid=379140tag=content;col1 Brand Repositioning is changing the positioning of a brand. A particular positioning statementmay not work with a brand. For instance, Dettol toilet soap was positioned as a beauty soap initially. This was not in line with its core values. Dettol, the parent brand (anti-septic liquid) was known for its ability to heal cuts and gashes. The extensions beauty positioning was not in tune with the parents germ-kill positioning. The soap, therefore, had to be repositioned as a germ-kill soap (bath for grimy occasions) and it fared extremely well after repositioning. Here, the soap had to be repositioned for image mismatch. There are several other reasons for repositioning. Often falling or stagnant sales is responsible for repositioning exercises. After examining the repositioning of several brands from the Indian market, the following 9 types of repositioning have been identified. These are: Increasing relevance to the consumer Increasing occasions for use Making the brand serious Falling sales Bringing in new customers Making the brand contemporary Differentiate from other brands Changed market conditions. http://drypen.in/branding/brand-repositioning-and-types-of-brand-repositioning.html Frooti : Fresh N Juicy By: Parle Agro foods Background of Parle Agro foods Parle Products Pvt Ltd based in Mumbai, India has been Indias largest manufacturer of biscuits and confectionery, for almost 80 years. Makers of the worlds largest selling biscuit, Parle-G, and a host of other very popular brands. Its reach spans even to the remotest villages of India. Many of the Parle products biscuits or confectioneries, are market leaders in their category and have won acclaim at the Monde Selection, since 1971. With a 40% share of the total biscuit market and a 15% share of the total confectionery market in India, Parle has grown to become a multi-million dollar company. They have recently entered the snacks market. Biscuit Snacks: Parle-G (Largest selling biscuit in the world.) Krackjack Monaco Hide Seek Hide Seek Milano Cheeslings Musst Bites Digestive Marie Parle Marie Milk Shakti Musst Chips Musst Stix Monaco Smart Chips parle twenty-twenty Hippo Confectioneries: Poppins (Sugar based candies in various fruit flavours.) Melody (Chocolate candy) Xhale (Mint) Mango Bite Kaccha Mango Bite Kismi Toffee Mintrox Butter cup Orange Candy Drinks: Mango Frooti (mango juice) LMN (lemonade) Saint Juice (flavoured juices sold in tetra-packs) Appy classic Appy fizz Bailey V3 fitness About Frooti Frooti is Indias legendary and iconic mango drink. It has been around for over two and a half decades now. Pretty much what Nike or McDonalds or Guinness or Ikea is to the world, Frooti is to India. Theres not one person in India who hasnt had a Frooti. By sheer numbers and its depth of distribution in India and availability in more than 20 countries, Frooti is perhaps one of the largest selling mango drinks in the world. During the brand study, here are a few things we realized. When Frooti came into existence over 2 decades ago, it came in as a really contemporary and youthful drink. Frooti brought Tetra Pak into India. It was cool to have a Frooti. Even the imagery in Frooti communication was way ahead of anything else the Indian society was exposed to. Who can forget classic Frooti commercials in early 80s with pretty girls in mini skirts, hula-hoop, use of CG, people diving into a pool of Frooti, etc., All these, India hadnt seen before. We realized being cool wasnt alien to Frooti, it was just about reinstating the cool factor. Relevantly. However, there was a little something we had to tackle going further. Over the years Frooti was blessed with a lot of child and adolescent loyalists. There have seldom been birthday parties without a Frooti. Can we without alienating them create a similar cult following with youth? With about 60% of India being a part of that segment. We were aware that frooti had made attempts in the past. Digen Verma by Everest and Bindass campaign by Grey, were both tried. While they did create an initial buzz, they lacked a long term strategy or longevity perhaps. We concluded. So, the exercise was essentially to arrive at a strategic idea thats much sharper and a thought or a philosophy Frooti can own and reinvent itself for years. Frooti is the first tetrapak fruit juice in India. Launched in 1984, Frooti still holds a dominant position in the Rs300 crore tetrapak fruit juice (TFJ) market. Frooti over these years have carved out a niche for itself in the market. Frooti instantly caught the fancy of Indian consumer with its tetrapak and some smart campaigns. Initially the drink was positioned as a kids drink. The product was perceived as a healthy fruit drink by the mothers . So within a short span of time ,the brand was an alternative to the unhealthy colas. The tetrapak had other benefits also . Fruit juice is a perishable product and tetrapak have extended the shelf life of Frooti because tetrapaks have 2 layers of paper and a plastic coating that ensured tamper proof and enhanced shelf life. Lured by the success of Frooti, there was a lot of new launches in the TFJ market. Players like Godrej with Jumpin, kissan etc tried their luck in this market but failed to dislodge Frooti. Frooti Faltering Frooti was launched by Parle Agro in 1984. It was the first tetrapak drink to be introduced in the Indian market. By 2000, Frooti had a majority market share of the Rs. 300 crore tetrapak fruit drink market. However analysts felt that this 16-year-old brand had been losing its appeal over the years. The brand, which scored a 100 on product likability and quality and a 95 on product recall, had dropped in the top-of-the-mind ranking to 60, from 95 two years ago. The sales of Frooti also had dropped over the years. The situation worsened with the increase in competition. In addition to the threat it faced from soft drinks marketers, Frooti witnessed heightened competition in its own segment tetrapak fruit drinks2 and juices. With pressure mounting from all sides, Parle Agro was forced to rethink its strategy. To revive the sagging appeal of the brand, it decided on a major relaunch strategy, which focussed on changing its positioning. The relaunch of Frooti aimed at positioning Frooti as a fun, trendy and modern drink targeted at the youth segment, a marked change from its initial positioning as a drink for kids. Said, BL Venkateshwar, Parle Agro vice-president: There has been a change in the consumer psychology. Today sub-segments have been created with the 12-15 year olds calling themselves teenagers and 9-12 year olds as pre-teens. These segments are turning into decision-makers of today with an increase in pocket money. The segment of 16-19 years olds is the new impulse category we are targeting. This segment was therefore strategically very important for Parle Agro. Challenges Frooti is basically a nectar based drink so it is not 100% fruit juice, it also has some preservatives added to increase the shelf life. Although Frooti did not face much competition in the category it created, competition came from a slightly different category, 100% fruit juices. Parle saw the emergence of the 100% fruit drink market and launched Njoy brand but it did not click. Parle could have extended Frooti to this market also . The brand Real from Dabur is the main player in this category. Real effectively positioned itself as a premium healthy drink for adults. Frooti was not able to appeal to adults and was considered as a mango drink while Real is not restricted to any flavour. Frooti also changed its positioning statement from Fresh-N-juicy to Juice Up your life which have not clicked with the customers. Although Frooti enjoys a commanding (75%) market share , Frooti is facing stagnation. May be some serious steps should be taken to increase the usage of the product. The launch of PET bottle Frooti is a step in this direction. Recently Frooti also launched a Green mango variant just to create some hype in the market. Frooti may have to reposition itself again to appeal to cola drinkers. Repositioning of the brand Frooti Frooti was positioned as a mango drink that is Fresh-n-juicy For over a 7 years, the company promoted the product using that famous baseline. The product has tried to create excitement in the market through a series of new variants and packing. But in late ninetees the brand was facing stagnated sales. The company tried to excite the market with an orange and pineapple variant but both the variant bombed. The came the experiment with packaging . The YO! Frooti variant came with a slim paper can aimed at the college going youth. Worried by the stagnating sales, Parle tried to reposition the brand to appeal to youth aged between 16-21. The positioning changed to be more fun based. The package also changed. The old green color of the bottle changed to more bright mango color with lot of graphics added to it. Frooti has come out with a new campaign. The brand had gone in for a complete makeover. The packaging and the positioning has changed. Infact Frooti for the past few years has been trying to catch hold of a consistent theme. It had earlier moved away from the FreshNJuicy positioning . From there onwards, the brand was on a sticky wicket and was not quite settling on a positioning. It had the Bindaas positioning and later Frooti- another name for Mango theme. But the brand was not quite stable on those platforms. Reasons of Repositioning à ¢Ã¢â€š ¬Ã‚ ¢Loosing market appeal à ¢Ã¢â€š ¬Ã‚ ¢Sales were dropped à ¢Ã¢â€š ¬Ã‚ ¢Increase in Competition à ¢Ã¢â€š ¬Ã‚ ¢Threat from soft drink marketers à ¢Ã¢â€š ¬Ã‚ ¢Same segment Competition, à ¢Ã¢â€š ¬Ã‚ ¢Tetra pack fruit drinks juices Various moves as part of repositioning New packaging The new Frooti has a new modern packaging. The choice of colors and the logo has been tweaked to make the brand more contemporary. Now the packaging is lot more neat and cool. What is more stiking is the change in the positioning of Frooti. Last year, the brand tried to pitch itself as an alternative to mango. Now the brand is trying to be more radical and a little mad. The new campaign is based on a simple consumer observation. Most of us which drink Frooti Tetrapack will try to chase the last drop of Frooti. This habit has been continuing for generations. Knowingly or unknowingly we make funny sounds using the straw when indulging with Frooti. And we all had the habit of breaking those packs for that sound. The agency had tried to capture all these in the new communication. New tagline The brand also has adopted a new baseline Why Grow Up. I think this positioning is a powerful idea which can be sustained for many years provided the creatives are able to think fresh. Even in the new avatar, the brand is retaining the old famous tagline Fresh N Juicy which is good since Frooti has a very strong association with that tagline. Emotional icons Another interesting move by the brand is the creation of Mango-emotions. The brand will now be using mangoticons in its communication which is a really smart idea. The brand using emoticons c

Chivalry :: essays research papers

Chivalry We live in an age where the brutality and the vigilante justice of the knight errant is no longer acceptable for people with positions of stature in society. While courage and honor are still praised by society, one rarely finds a man true to his word regardless of cost. Chivalry towards ladies is sometimes mistakenly decried by those supporting equality for women. And Courtly love, in it's modern form, is frowned upon. Those who might have a keen sense of justice often have only indirect methods of fighting for the right -- legislation just can never be as satisfying as clouting a knave over the head with the flat of a blade. It seems that justice in American society is often tempered by compromise, rather than a blacksmith. Skill at arms is more often attained as an exercise, rather than a useful tool, and strength of body, while glamorized, is degraded by large numbers of "men of the mind." Chivalry is a lot like ethics; it is a governing principle concerning fair play as far as medieval combat among your peers was concerned. Do not attack an unarmed knight - allow him to arm himself first, if you unhorse your opponent and your opponent is still able to fight, get off your horse to fight, etc. - fair play with honor and respect. At the end, there still was a winner, and the winner ended up with more respect and admiration from those concerned that had he fought without chivalry. What am I getting at? Capitalism can be much the same way. American businesses have taken advantage of this system though, a system that one can cheat in and get away with, instead of being honorable and respectable institutions that children could look up to. So many things are like this that I just shake my head and sigh when I think about them - is American just a scam? Where did all the honor and respect go? In "Sir Gawain and the Green Knight," Gawain made a promise to the huntsman to give him whatever gifts he received that day in exchange for whatever gifts the huntsman received that day. On the third and final day of Sir Gawain's visit, he received a green girdle from the huntsman's wife, who was his secret lover. The only reason that he accepted it was because he, like Lancelot, had fear in his heart; only Gawain's fear was dying. The huntsman's wife told Gawain that the girdle had magic powers and would protect him from his fate, for the next day Gawain was going to fulfill a promise that he had made to

Corporate Finance Case Study: Volkswagen Essay

Volkswagen (VW) Volkswagen (VW) is a German automobile manufacturer which was originally founded in 1937. Now VW Group is one of world’s leading automobile manufacturers and the largest carmaker in Europe, with its recent headquarter in Wolfsburg. VW is one of the ten brands under VW Group. (Volkswagen Homepage, 2011) 2011 VW’s revenue is 159,337 million EUR; net income is 15,409 million EUR, with a profit margin of 9.6707%. (Bloomberg, 2012) The increase from 2010 to 2011 is illustrated obviously in the following chart. (Bloomberg, 2012) Income Statement for Volkswagen AG (VOW) 2010-2011, Bloomberg, 2012 Volkswagen stock (VOW: GR) The current share price, close (Apr 13, 2012) is 119.3 EUR, its 52-week range is 82.350 – 138.800 EUR, and its 1-year return is 14.26%, as well as, market capitalization is 56,601.00 million EUR. (Bloomberg, 2012) Interactive One-year Stock Chart for Volkswagen AG (VOW), Bloomberg, 2011-2012 VOW’s Earning Per Share (ttm) is 33.1 EUR, current P/E Ratio (ttm) is 3.5408, and Dividend Per Share (yield annualized) is 1.8771 EUR. (Bloomberg, 2012) SWOT Analysis In order to draw a conclusion for VW’s stock rating, SWOT analysis is conducted in this part. Strengths High product quality Strong brand equity VW group’s brand portfolio includes Audi, Bentley, Bugatti, Lamborghini, SEAT, 49.9% of Porsche, Giugiaro, Ã…  koda marques and the truck manufacturer Scania and MAN. (VW Homepage, 2012) Strong R&D Weaknesses High costs for implementing the new modular technology (Just-auto, 2012) Inadequate focus on shareholder interests (VW Corporate Governance Code, 2010) Comparatively low productivity Opportunities Good return on VW stocks VW Group Share EPS 2003-2010, VW investor relations, 2012 Large purchasing power increase in Chinese market Acquisitions The Volkswagen Group continued its strategic growth trajectory by acquiring Porsche Holding Salzburg and increasing its stake in MAN SE. (VW ad hoc, 2011) Threats Euro-zone’s debt crisis and consequently global recession in 2011 Increasing fuel price Strong competition from Japanese and American manufacturers Such as Ford, Toyota, Honda, e.t.c. Stock Rating The investment decision made in this report is to hold VW stock, namely equal-weight as its stock rating. First of all, VW has good performance last year; for instance, both VW’s revenue and net income grew considerably from 2010 to 2011, even with the negative influence from European debt crisis in the 4th quarter of 2011. Moreover, last year VW Group continued its strategic growth by acquiring 49.9% of Porsche and increasing its stake in MAN SE. This year only in January and February, VW Passenger Cars’ delivery to customers reached the number of 818,800, with an 8% growth comparing with the same time of last year. In addition, VW’s market is growing continuously and dramatically in China these years. Until 2018, VW’s goal of market growth in China is 29.1%. (VW strategy 2018, 2012) Secondly, VW share’s valuation and earning kept growing stably under the recent years, expect 2009. For example, stock’s EPS grew substantially from 2005 to 2010, which is illustrated clearly in VW Group Share EPS 2003-2010 chart above. Last but not least, from the long-term perspective, VW has very good potential of strategically growth. According to VW’s strategic plan 2018, their future vision is to become the world’s most profitable, fascinating and sustainable automobile manufacturer. Furthermore, even today VW has already very high customer satisfaction (rating scale 8.55 out of 10, 2011) because its high quality and service standards. In order to draw a  conclusion, if we look into the previous SWOT analysis again, today’s internal weakness could become tomorrow’s strength; applying new modular transverse toolkit technique would bring large profit to VW in the long-run, in spite of today’s high R&D and implementing costs. Thus, VW share is a good choice for long-term investment. Nevertheless, taking the external threats into consideration, especially facing nowadays’ depression for both automobile industry and global economy, stock investment should be very cautious, therefore, in summary, we rated VW stock as equal-weight, which means it is recommended to hold the share as long-term investment. References Bloomberg, 2012. http://www.bloomberg.com/quote/VOW:GR Just-auto, 2012. http://www.just-auto.com/news/4-volkswagen-hikes-2011-operating-profit-59-to-new-record_id120644.aspx Volkswagen Homepage, 2011. http://www.volkswagenag.com/content/vwcorp/content/en/homepage.html VW strategy 2018, 2012. http://www.volkswagenag.com/content/vwcorp/info_center/en/talks_and_presentations/2012/03/JPK_IK_2012_Part_III_.bin.html/binarystorageitem/file/Part_III_Charts_Winterkorn.pdf

Model Law on International Contracting Essay

Introduction E-commerce in commodity goods has existed for decades. Electronic contracts provided a new mechanism to form a relationship via Internet and now we see many commodity products being exchanged daily on the Web. The contract can respond not only to the parties but to changing conditions of some kind and then inform the parties of these new events or conditions. The electronic contract, in other words, connects the parties to each other and, if desired, to other people and to other sources of information in ways that are difficult to imagine with paper. Time, like space, seems to be out of place or even absent in the internet environment. Consequently, different jurisdictions and different laws have challenged some contract issues. Therefore, with the advent of the Web as the new commercial medium, traders and buyers alike should be aware of some basic principles of contract formation and how they apply to Web transactions. Mostly, the approved rules of paper contract continue to hold up in a purely internet exchange between parties to an agreement. The law does, however, draw the line at certain kinds of transactions which must be fulfilled. It is important before considering the particularities of the online world, to take a step back and examine contractual formation via Internet which is the background against which the relevant rules to the online world were established. Today all developed countries try to create a ‘uniform commercial code’ for business over the Internet. The purpose of this is to design a uniform legal structure for electronic commercial bargains world-wide. Steps in this direction have been taken by the UNCITRAL Model Law on International Contracting, English Law, and the CISG Convention, which has developed a â€Å"model law on electronic commerce† for international contracts in electronic commerce. This work will consider rules and standards for electronic contract performance, define what constitutes valid electronic writing and the acceptability of electronic signatures for legal and commercial purposes under abovementioned laws. It will also discuss the main forms of contracts via Internet and define problems that appeared in the formation of electronic contract today. 3. Formation of contract over Internet 3. 1 The offer 3. 1. 1 Under English Law In English law an internet contract via a website is formed after an offer – a determinate indication of the terms on which the offeror is prepared to be legally bound – is accepted by the offeree – the person to whom the offer has been made . If the email of acceptance does not vary the terms fixed in the email of offer, a contract will be formed by the second email. An offer may be to the world in general – in which case anyone may accept it – or to a particular person – in which case only they can accept it . At English law, a contract is concluded when an offer is accepted. Although this rule appears simple, there have been many conflicts over how to distinguish and identify invitations to treat, offers and acceptances. English common law traditionally classifies an offer as a statement by one party of his or her willingness to enter into a contract on stated terms, provided that these terms are accepted by the party to whom the offer is addressed; whereas an invitation to treat is simply an expression of willingness to enter into discussion which, it is hoped, will lead to the conclusion of a contract at a later date . Therefore advertisement of goods on the website will come only to an invitation to treat. Only when a buyer notifies about his intention to buy something from the site, the offer will only be formed. After this the seller can accept or refuse that offer. Under English Law an offer must be clear and complete and afford a distinct indication of the offeror’s intents . The offer must contemplate acceptance and a consequent obligation or obligations. An advertisement is considered as a mere invitation to do business and it is not an offer. An offeror is legally bound by the terms of the contract once his offer is accepted; while one who makes an invitation to treat is clearly free to accept (and thus form a contract) or to reject any offers that result from it, without any legal consequences.