Friday, December 27, 2019

Song Analysis We Didn’t Start the Fire by Billy Joel Essay

Every song has a story to tell, and some contain hidden stories or lessons, while others are completely blatant. In Billy Joel’s song, â€Å"We Didn’t Start the Fire,† he does not hesitate to be very obvious with what he tries to prove, which is how all of the events in his song contribute to one large fire. I chose to remediate Joel’s song because it spoke to me with historical context. When researching the song, I read a majority of the history behind it and decided to reflect upon it in a visual picture collage, combining a majority of the elements he mentions with pictures--all circled around a fire in the middle. I decided to also make red-dyed cupcakes reflecting the fire Joel speaks of and ice them with a flame, yet placing an X over it,†¦show more content†¦Not all collages involve all of those elements, but any one of those can be used by itself. I found â€Å"by adding a ‘collage’ an artist can change the nature of what he or she is creating, providing a new dimension for a work of art† (Stern 1). A collage, in my opinion, is a great way to grasp the concept of Joel’s song. Collages allow the viewer to see the art from a different point of view, and â€Å"seeing† a song can help the person to actually see what Joel was trying to prove. In this project, I used pictures of almost every historical perspective he mentioned in his song, and circled all of those elements around a picture of a flame in the middle. I chose to do this because the flame is the ultimate theme of the song, and all of the events and people he is singing about contribute to the large fire that begins to grow due to all of these events combined. Along with placing the flame in the center, I matted it on an orange paper, unlike any of the other pictures, to help it stand out, since it is the main theme of the song. For those who have a difficult time learning without pictures, this is a great way for them to see all of the aspects of Joel’s song together on one page. As well as making a c ollage, I also made cupcakes to helpShow MoreRelatedProject Mgmt296381 Words   |  1186 PagesLeadership Chapter 2 Organization Strategy and Project Selection 1.4 Projects and programs (.2) 1.4.1 Managing the portfolio 1.4.3 Strategy and projects 2.3 Stakeholders and review boards 12.1 RFP’s and vendor selection (.3.4.5) 11.2.2.6 SWAT analysis 6.5.2.7 Schedule compression 9.4.2.5 Leadership skills G.1 Project leadership 10.1 Stakeholder management Chapter 11 Teams Chapter 3 Organization: Structure and Culture 2.4.1 Organization cultures [G.7] 2.4.2 Organization structureRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesBehaviors 119 †¢ Safety and Injury at Work 119 †¢ How Managers Can Influence Moods 120 Summary and Implications for Managers 121 Self-Assessment Library How Are You Feeling Right Now? 98 Self-Assessment Library What’s My Affect Intensity? 104 Myth or Science? We Are Better Judges of When Others Are Happy Than When They Are Sad 107 glOBalization! Should You Expect â€Å"Service with a Smile† All Around the World? 108 Self-Assessment Library What’s My Emotional Intelligence Score? 115 An Ethical Choice SchadenfreudeRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pages(or speciï ¬ cally written) to provide readers with a core of cases which, together, cover most of the main issues in the text. As such, they should provide a useful backbone to a programme of study but could sensibly be supplemented by other material. We have provided a mixture of longer and shorter cases to increase the ï ¬â€šexibility for teachers. Combined with the illustrations and the short case examples at the end of each chapter (in both versions of the book) this increases the reader’s and tutor’s

Thursday, December 19, 2019

Hamlet Is A Theater Performance Of The Shakespeare Play

Essay 2 The play Hamlet is written by William Shakespeare whereby he uses a combination of poetry and prose. The film, Hamlet is a theater performance of the Shakespeare play. The play is written in blank verse offering an insight into the state of mind of the character as well as a reaction to the ongoing actions in the stage. The style is reserved for the nobles and informal situations like courts. Figurative language is used to express the actions and feelings of the characters have been evidenced in Act 1 Scene II. The power of words drives the central action on the plots. The language is complex but can be decoded with confidence and is used to reveal the inner thoughts and feelings of the characters that are hidden. Watching the scene on film moves the audience and the language inspires many actors. The author used a Lambic pentameter whereby all the lines in the text contain ten stressed syllables with each line having five lambs. As a result, full lines of iambic pentameter have rhyt hm. The paper is going to focus on the language and characterization used by Shakespeare in Hamlet and the understanding gained after watching the scene in a film. The use of language and characterization in Hamlet The author uses language to convey the characters. To convey Hamlet s madness, the author uses language manipulation to every time the madness of Hamlet is displayed. Hamlet speaks in prose every time he wants to deceive people into thinking he is insane. He speaks iambicShow MoreRelatedElizabethan Theatre : The Beginning Of The English Renaissance920 Words   |  4 Pagesduring this time due to Queen Elizabeth’s wide acceptance and encouragement of theatrical performances, for she often had actor companies come to her courts to entertain her. It was not until 1576 that there was an actual theater in which actors could perform. Before this, plays had been acted out in court yards or wherever one was able to entice a crowd. When James Burbage opened his playhouse, â€Å"The Theater†, many performers and playwrights began having their shows done in such enclosures. In LondonRead MoreRevenge Conventions In Hamlet Essay1182 Words   |  5 PagesHamlet is a play written by William Shakespeare that very closely follows the dramatic conventions of revenge in Elizabethan theater. All revenge tragedies originally stemmed from the Greeks, who wrote and performed the first plays. After the Greeks came Seneca who was very influential to all Elizabethan tragedy writers. Seneca who was Roman, basically set all of the ideas and the norms for all revenge play writers in the Renaissance era including William Shakespeare. The two most famous EnglishRead MoreJohn Cairds Vision for His Production of Hamlet Essay853 Words   |  4 Pa ges John Caird’s vision for his production of Hamlet was to give it a â€Å"suffocatingly religious† atmosphere where â€Å"the set was part cathedral, part castle, part graveyard, part attic† (Bate 202). Together with set designer Tim Hatley, he succeeded. Amy Gamerman of the Wall Street Journal characterized the set as â€Å"dismal† and â€Å"vacant-looking.† The set was comprised of luggage, suitcases and old trunks that were stacked, torn down and restacked again in different ways to make different scenes. PresumablyRead MoreHamlet, By William Shakespeare880 Words   |  4 PagesWilliam Shakespeare is praised as the pioneering English poet and playwright whose collection of theatrical works is regarded as the greatest artistic value throughout the history of English literature. Shakespeare delved into the spiritual and mental component of humanity and the consequences that arise from this human spirit when it is disputed. The most famous r evenge tragedy play, Hamlet, is an excellent illustration of Shakespeare’s philosophical study of human nature. In Hamlet, the arguableRead MoreWilliam Shakespeare: Analysis of the Famous Playwright Essay1026 Words   |  5 Pagesplaywright, William Shakespeare, reveals the struggles he overcame and activities he did during his childhood, as a playwright, his involvement with the Globe theatre after moving to England, and during the time of his death, along with some interesting and concerning facts about him. William Shakespeare lived a normal childhood along with his parents and siblings. Shakespeare was born in Stratford-upon-Avon on April 23, 1564 as the third of eight Shakespeare children. Shakespeare and his siblingsRead MoreEssay about The Globe Theater634 Words   |  3 PagesThe Globe Theater The Globe Theater is probably the most important structure in Shakespeares dramatic career. Built in 1599 by the Chamberlains Company, it stood on the Southern shore of the Thames River in London. At this time Shakespeare was a member of the Chamberlains CompanyRead MoreEssay about Globe Theater1087 Words   |  5 Pages II. Structure of the Globe The theater that Cuthbert Burbage built for the Chamberlains Men had a total capacity of between 2,000 and 3,000 spectators. Because there was no lighting, all performances at the Globe were conducted, weather permitting, during the day (probably most often in the mid-afternoon span between 2 P.M. and 5 P.M.). Because most of the Globe and all of its stage was open air, acoustics were poor and the actors were compelled by circumstances to shout their lines, stress theirRead MoreCompare And Contrast Hamlet And Twelfth Night1162 Words   |  5 PagesFrom Hilarity to Tragedy in Shakespeare: How Hamlet and Twelfth Night Compare By Zawadi Bunzigiye William Shakespeare wrote plays covering the breadth of human experience. They seem to have transcended the restraints of age because of the universal themes that they contain. His body of his work is comprised of genres of plays varying from tragedies to comedies. Of them, Hamlet and Twelfth Night are perfect examples of both. A comparison between them would be of interest because their common pointsRead MoreThe Elizabethan Era Of Europe1531 Words   |  7 PagesCatholic. All of these contributed to the amazing theatre during this time, one of the most notable things from this period is its fine arts, with the theater being the one held in the highest esteem. The Elizabethan Renaissance Was best expressed and shown through its theatre. One key factor in theatre during the Elizabethan period is where the plays were actually performed. There were two kinds of theatre during the time period; outdoor/public and indoor/private. Both were open to anyone who couldRead MoreThe Octogonal Structure Roared from Shakespeares Performers791 Words   |  3 PagesThis octogonal structure roared from Shakespeare’s performers. The actors and the audience throughout the performances had tears, laughter, and many left in complete awe. Every seat in this three story theatre was packed tightly with over 30,000 eyes watching. Flags rose, and trumpets started to play in the Globe while productions began. The Globe Theatre started an era of acting in the late 1500’s and changed the way we look at performing still to this day. This theatre was jaw dropping as people

Wednesday, December 11, 2019

Music industry report free essay sample

The music Industry is dying. At least, this Is the common expression among music businessmen. The availability of music for cheap prices and the abundance of Illegal downloading have effectively crippled traditional music sales. While its true that the Internet has dramatically debilitated the traditional institutions that dominated the music industry, the Internet is actually aiding music as a cultural institution by transforming it from its flawed past to a brand new structure. -http:// www. Delicateness. G/how-the-lenient-ls-helping-the-music-landlers-will-Johnson/ The music Industry we are all familiar with starts with record labels, and the Introduction of the internet has broadened the potential for artist to create their own career without signing themselves to a major record label, and potentially spoiling their possibilities. Record companies dominate the traditional music Industry. Warner Music Group, Universal Music Group, Sony Music Group, and others were established as a result of sole proprietorships that were known as talent agencies in the sasss and 1 asss. We will write a custom essay sample on Music industry report or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page These Institutions were mostly small, Independently created labeling companies run by entrepreneurs who would discover talent, create records and promote the performers live shows. Since these proprietorships were small in size, if an artist or group produced an album that did not sell well, the labeling companies would be forced to keep promoting their artist because other clients were harder to find due to competition among labels. Steve Chapel and Rebel Grafton, Rock n Roll Is Here to Pay: The History and Politics of the Music Industry (Chicago: Nelson-Hall, Bibb 46.Over the past half-century, some of these labels were either combined or purchased by other corporations. In turn putting only a few major corporate giants in control of music promotion. The corporations would loan money in order to pay for these entrepreneurial institutions, but they later found themselves in debt from all of the labels they had purchased. This then caused the corporations to fire the talent agents and entrepreneurs that brought these companies to tuition to begin with.Eventually the only people controlling, discovering and promoting talent were the large Incorporated record labels. These record corporations dominated almost every aspect of music production. In order for an artist to become successful, they would need to sign a contract with one of these companies. These are commonly known as record deals, and without the promotion value of one of these corporations a group would have very little chance of achieving widespread popularity for themselves.Thus, the record corporations became the arbiters of taste for the music scene. In fact, they even had direct control over what songs are played on public radio stations, so the only music that was being exposed to the masses was room signed artists. Mark J. Percival, Music Radio and the Record Industry: Songs, Sounds, and Power. Popular Music and Society 34. 4 (201 1): 460. If a company did not like the way an artist sounded, they were not re-signed. If they did like their sound, a record contract would be negotiated.A new performer has relatively little bargaining leverage over the companies; hence the first contract that is signed Is monetarily unfavorable for the performer. The most common form of contract would Include an capital or risk capital. Sums of money as large as $100 million have been given to ammos artists to write and sell a set number of albums, These albums are then produced, promoted, and sold to the public. Ere danger for the artist lies in how many albums they sell. The investment capital given to them by the company is based off of a projected number of sales.If the actual amount of sales is lower than this amount, then the artists owe the record company a portion of the investment capital. This puts the artist in debt, and in order to pay it off, the artist will be forced to sign yet another record contract and try to sell even more albums the second time around. After Maria Carrys album Glitter failed to meet its enormous projected sales amount, MI Music canceled her contract and she found herself owing close to $72 million to the record company. -MI Drops Maria Carrey, BBC News, wry. BBC. Com, 23 Jan. 2002 (accessed 25 Par. 012). Thanks to her previous success she was able to overcome the loss and continue her singing career, but should something like this happen to a newly signed artist, their music career could effectively be over. Oftentimes the company drops an artist, and because of the contract agreements the artist cannot make music for anyone else. He entire system is therefore based off of the revenue earned by the record companies. The performers main goal becomes keeping the record companies happy because they will only make money once they pass the projected album sales figure.This is a fundamentally flawed system because the artist represents an equal if not more important aspect of the music industry, and the traditional system exploits them. In order for this system to change in the musicians favor, a drastic reconstruction of the industry must take place. Theirs is still a deeply troubled business. Since 2000, when online file-sharing took off, global recorded-music sales have fallen from $26. 9 billion a year to $15. 9 billion, according to the IF, a trade group.Apple has helped to smash profitable albums into less profitable singles. High-street music shops are closing. Digital outlets such as tunes are not growing nearly fast enough to offset the decline in CD sales. Indeed, in many countries they are stuck in a niche. In Japan, 73% of spending on recorded music in 2010 was on CDC, DVDs and vinyl. Fewer than one- fifth of Britons bought digital music last year. Streaming services such as Spottily, Inch make money from advertising and subscriptions, are not yet helping much. Hey brought in Just 3% of total recorded-music revenues last year, according to the Pl, which represents British record labels. The new products unveiled by the Great Turtleneck One this week should push the digital market out of its niche. Apples Cloud is not Just a storage locker for music. It will search devices for tracks purchased from the tunes store, and automatically give customers the rights to download the music to any Apple device. That puts Apples service ahead of recent offerings by Amazon and Google.

Tuesday, December 3, 2019

The Role of Business Economics in Business Process

Introduction Business economics can be defined as a branch of economics that deals with the application of various microeconomic models in the analysis of a business process. Business economics analysis will help a business to understand and adopt various strategic measures that will enable a business to have a competitive advantage (Carson, Hecht Thomas 2002).Advertising We will write a custom assessment sample on The Role of Business Economics in Business Process specifically for you for only $16.05 $11/page Learn More Business economics analysis is a daunting task fraught with disappointments. A poorly undertaken business economics analysis might lead to the collapse of a company. On the other hand, if the business economics analysis is professionally done, the company is likely to prosper and make a lot of profits. Hence, it is important that business undertakings should perform a well-planned and organized business economics analysis (Mcconnell, Br ue Flynn 2009). Micro economics can be defined as the process of studying a business decision regarding the allocation of scarce and limited resources within an organization. Micro economics is concerned with the effect that various business behaviors have on demand and supply of a company’s products. There are various micro economics issues facing organizations. Such issues include issues related to growth, unemployment, and inflation. Micro economics is also concerned with the effects of national policies on an organization. Such changes in policies may include changes in taxation policies (Bardhan Udry 1999). This research paper is going to evaluate the micro economics issues facing small and medium-sized businesses in the United Kingdom using the case study of Telecoms world plc. The research paper will also examine the various strategies that the company can adopt in order to overcome the micro economic challenges. Background information Small business enterprises are the backbone of a country’s economy. They are the major contributors to a country’s economy in terms of offering employment and are also sources of government revenues. Small and medium size enterprises have various advantages which include but not limited to the following: they provide a source of revenue to the government, they provide employment to citizens, and also they utilize the small resources available in a country. Therefore, it is of vital importance that small and medium enterprises be protected from various threats that face them (Burkett 2006).Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More There are various micro economics issues that SME’S face. These challenges include but not limited to the following: changes in taxation policies, inflation, growth and the effect of unemployment. Telecoms World Plc. Telecoms world plc is an enterprise in the Uni ted Kingdom that deals with the telecommunications products and services. The company deals with cost effective telecoms solutions ranging from cloud hosting services to mobile phone services. The business deals with call routing, fax and email solutions, and Beskope solutions. The Beskope solutions include the services like call queuing, voice recognition and data capture. The company also deals with interactive voice response for its inbound call services. The business environment the business is operating in The telecommunications industry is changing dynamically, and a company should be well placed to overcome the changing challenges in the telecommunications industry. The changing trends in the telecommunications industry are quite demanding and quite expensive to adopt. Small and medium enterprises are finding it difficult to cope up with these rapid changes. Telecoms world plc has not been exempted from these challenges. Telecoms world plc is facing various challenges includi ng but not limited to the following: competition from bigger firms, poor market segmentation, and lack of enough funds (Frank 1964). Competition from bigger firms Telecoms world plc is operating in a high competitive industry. The telecommunications industry is considered one of the most competitive industries, with the key beneficiaries being the bigger players in the industry (Frank 1964). Telecoms world plc is facing a major threat from its competitors, especially the bigger companies like Vodafone Company and the orange company in the United Kingdom. The bigger competitors in the market are known to give high quality and diversified products and services to their consumers. They are also involved in various promotions for their customers, hence posing a threat to Telecoms world plc.Advertising We will write a custom assessment sample on The Role of Business Economics in Business Process specifically for you for only $16.05 $11/page Learn More Vodafo ne Company is ranked as the best telecommunications company in terms of service delivery, as well as consumer satisfaction. Their services are of high quality, and most consumers are able to afford most of their services and products Vodafone has very well-structured current and future objectives. The company has a vision of being the leading telecommunications company in the world by providing the state-of-the-art Edge technology. Hence, the company’s objectives are geared towards achieving the above mentioned vision statement. The company’s current strategies are geared towards innovation and creativity. This has seen the company become the best ranked telecommunication company in terms of innovation and creativity (Frank 1964). The major competitor of the Telecoms world PLC is Vodafone Company. The major strength of Vodafone is in the call rates the company offers to its customers. The company offers subsidized call rates as well as data rates to its customers. Also , the company has some offers to its customers. Some of the offers include selling mobile phones at a subsidized rate. The other major competitor of Telecoms World PLC Company is T-Mobile, which also offers mobile services to its customers. The company is a threat to Telecoms World PLC Company because it is ranked the third telecommunication company in UK. T mobile strength is in the quality of services and products the company provides. Services offered by the various competitors Competitor services Vodafone Sale of mobile phones and the associated accessories. Provision of internet services using 4G modems Mobile telephony services T- mobiles Mobile telephony services Sale of mobile phones and associated accessories. Provisions of 3G internet connection services. Competitor Profiling Name strategy assumption capabilities Vodafone The company is winning a large number of customers through provision of cheap call rates and cheap services The assumption from th e company is that consumers prefer cheap products and services that they can afford. The company is capable of investing in large telecommunications infrastructure like fibre optics. T mobile The strategy of the company is in the quality of its services. The company provides high quality services to its consumers. The assumption of the company is that, consumers prefer quality services as opposed to cheap products and services The company does not have enough resources to invest in high cost telecommunication infrastructure like fiber optics. Telecoms world Plc does not only face competition from key players in the industry but also faces competition threat from small and new entrants in the market. The major small and medium enterprise competitors for telecoms Plc include the following: SIM only choices, business phone systems, business telephone systems, and Nextiva Company. Poor market segmentation The company faces poor market segmentation in terms of clientele base. Teleco ms world plc is facing a problem of expanding its market base because most key players like T-mobile and Vodafone has the most clients in the United Kingdom telecommunications industry. The following table indicates the market distribution of the various key stakeholders in the industry Company % Market share in terms of clients T-Mobiles 15 Orange 25 Vodafone 30 Nextiva 10 Telecoms world plc 5 Business phone systems 5 Others 10 Lack of enough capital Telecoms world plc faces a major financial constraint. The company lacks enough capital that it can invest in various telecommunications sectors including provision of internet connectivity services, data bundles, and provision of high edge telecommunications infrastructure systems like fiber optics technology. This has limited the company to provide only services and products that are not of a high standard and quality (Bardhan Udry 1999).Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Micro economics issues facing the company The major micro- economics issues facing the company include but are not limited to the following: taxation policies, growth, and inflation (Bardhan Udry 1999). Taxation policies and legal requirements Taxation policies may be described as the various rules and regulations set forth by a state, which regulates the taxation procedures in a country. Various countries will have different taxation systems. Taxation policies, to some extent, will determine the survival and sustenance of a business. Telecoms world plc has been largely affected by the changing trends in the taxation policies in the United Kingdom. The taxation policies changes in the United Kingdom have increased the amount of tax small businesses are supposed to remit to the government. Such, stringent taxation policies have increased the amount of expenses Telecoms plc spends in terms of taxes. This eventually reduces the company’s net profit (Carson Hecht Thomas 2002). Also, the regulations regarding the telecommunications industry in the United Kingdom have made it hard for telecoms World to invest in more lucrative opportunities. Before being given the license to operate as an ISP (internet service provider), an organization is required to buy a license from the telecommunication regulatory agency in the United Kingdom. This license is too expensive, which makes it hard for Telecoms world plc to venture into such business opportunities. Growth Business growth can be described as the increase in business operations, profits, and clients. Such growth cannot be merely achieved through maintaining the status quo, but through embracing continuous improvement in a business. Continuous improvement will ensure that a business adopts the relevant technologies that will ensure the survival of a business in the current dynamic world (Carson Hecht Thomas 2002). Telecoms world plc is facing a challenge in terms of growth. The company has been recording a slight increase in terms of development. This can be attributed to the fact that telecoms world plc does not have enough money to invest in more profitable ventures that will ensure that the company grows in terms of investments, profits and clients. The following table indicates the percentage growth rate for the company in the last three four years Year 2009 2010 2011 Percentage growth 2% 1.2% 1% Inflation Inflation can be defined as the rise in the prices of commodities and services in a country. Inflation will also determine the purchasing power of money. Inflation generally weakens the purchasing power of money and currency in any country. Inflation also leads to hoarding of goods because; businessmen have hopes that the price of goods and services is going to increase (Mcconnell Brue Flynn 2009). The recently experienced global meltdown had an adverse effect on telecoms world plc. The company experienced low demand for its services and products during this period, wh ich eventually led to low sales. Also, the increasing rate of inflation has had adverse effects on companies. The increased inflation has increased the prices of telecommunications commodities and services, hence making it hard for consumers to afford such services. Also, the increasing inflation rate has led to some commodities being scarce and difficult to find. This has made telecoms world plc to have low sales returns (Mcconnell, Brue Flynn 2009). What the company needs to do in order to compete favorably From the above analysis, it is evident that, Telecoms world plc faces a stiff competition in the telecommunications industry. In order to overcome the various competition challenges, the company needs to develop a sound and viable strategy that will enable telecoms world plc stay at the forefront in the telecommunications industry in the United Kingdom. There are various measures that Telecoms plc can adopt in order to have a competitive advantage over its competitors. The fol lowing are examples of the strategies which can be adopted by the Telecoms world plc: Merging with bigger industries in the market. Providing high quality services to consumers Investing in advanced marketing techniques. Merging with other companies In order to compete well with its competitors Telecoms world should merge with the big players in the industry. Such a merger will enhance technological transfer between the two companies. Merging will ensure that both companies are able to share the various technologies, which will enhance efficiency in the organization. Also merging with other companies is important because Telecoms world plc will be able to share part of the other company benefits like a stable market, large clientele base and huge profits. Merging with other key players in the industry will also create a strong brand name for the company (Frank 1964). Provide high quality services and products Currently, Telecoms world does not provide standardized and high quality products and services. This is attributed to the fact that the company does not have enough capital to invest in state of the art technologies. From the analysis conducted, most consumers preferred other companies like orange, Vodafone and T- mobiles because they are offering high quality products and services. In order to sustain the competition pressure, telecoms world plc should adopt a quality management system that will ensure provision of high standardized and quality services. In order to gain the confidence of consumers, the company needs to ensure that, their customers are satisfied. The quality department will also ensure that there is efficient and effective utilization of resources in the company. This will also reduce the operating costs of the business (Pfeifer 2002). The quality department should also undertake some surveys in order to gather relevant information about what other players in the industry are doing. This will enable the company to adopt a relevant cont inuous improvement strategy. This will ensure that, Telecoms world plc produces goods and services which are far above the products and services produced by its competitors (Hoyle 2006). Invest in more advanced marketing strategies Marketing is the key to success in various businesses. In order for a business undertaking to succeed, the business should adopt extensive marketing of its products and services. Marketing will create a good brand name for the company’s products and services. Also, marketing will increase the company’s product awareness, and also increase the company’s sources of revenue (Frank 1964). Marketing is multidimensional and will always involve activities like media advertisements, running promotions, running road shows, online marketing as well as direct contact with customers. The choice of a company’s marketing strategy will depend on the available resources to undertake the marketing strategy. In order for Telecoms world plc to co mpete with its major competitors, the company needs to perform a market analysis. The market analysis should be geared towards studying of consumer trends and supplying the required products to consumers at the right time. One way to undertake such a market analysis is through the use of data mining technique. Data mining can be defined as the process of studying information stored in a database, with the aim of unmasking predictable trends which are not explicitly expressed by the database (Han Kamber 2011). Data mining is an effective way of understanding consumer behavior because it will provide an organization with the relevant information for decision making. For instance, Telecoms world can conduct a data mining tool in order to determine consumer consumption trends in terms of telecommunications products and services (Han Kamber 2011). For example, the company can invest in cloud computing data mining concept, for knowledge discovery. The company can find relevant consumer data on server logs and find out, which telecommunications services and products are preferred by consumers. The company can increase the supply of these products and services at the time they are highly demanded. Conclusion In conclusion, telecoms world plc operates in a highly competitive environment. In order to outwit its competitors, the company needs to invest more heavily in sophisticated quality management and marketing strategies. The company also needs to consider the option of merging with other key players in the industry. Reference List Bardhan, P Udry, C 1999, Development microeconomics, Oxford University Press, Oxford. Burkett, J 2006, Microeconomics: optimization, experiments, and behavior, Oxford University Press, New York. Carson, R, Hecht, J Thomas, W 2002, Microeconomic issues today: alternative  Approaches, Sharpe, Armonk. Frank, N 1964, Market analysis: a handbook of current data sources, Scarecrow Press, Metuchen. Han, J Kamber, M 2011, Data mining: conce pts and techniques, Elsevier, Amsterdam. Hoyle, D 2006, Quality management: the essentials, Butterworth-Heinemann, Oxford. Mcconnell, C Brue, S Flynn, S 2009, Microeconomics: principles, problems, and policies, McGraw-Hill Irwin, Boston. Pfeifer, T 2002, Quality management: strategies, methods, techniques, Hanser, München. This assessment on The Role of Business Economics in Business Process was written and submitted by user Tristin Mcintyre to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.