Wednesday, March 18, 2020
Factor behind the economic and social development of the UAE
Factor behind the economic and social development of the UAE Introduction Economy and Demographics of the UAE MOIA (1) explored that the UAE has demonstrated skyscraping growth connecting its GDP per capita income almost similar to the European leading economy while the oil sector is the prime contributor of economy; however, this country has a population of 4.4 million with a growth rate of 1.52 percent and 0.66% migration rate per annum accounted in 2006. The key features of the demography of the UAE includeââ¬âAdvertising We will write a custom essay sample on Factor behind the economic and social development of the UAE specifically for you for only $16.05 $11/page Learn More Here, 75% people are 15-64 years of age group, about 20% people are 14 years and less age group, and about 1% people are older than 65 years; The life expectancy range is 75.7 years in average; The country has an alarming mail female ratio, such as, for 3 million male there are 1.4 million females; The major feature of the demography is t hat there are 20% people local inhabitants, 60% people are migrated from South Asia, and rest 20% people have settled from different Arab states; According to the constitution, UAE is an Islamic country, and 86% people are Muslim, and 14% citizens are other ethic group; among the Muslims, 85% people are Sunni, and 15% inhabitants are Shia (Library of Congress 5-6). However, the following figures show the GDP per capita income and population of the UAE for the last five years Figure 1: GDP per capita income of the UAE Source: Indexmundi (1) Figure 2: Population of the UAEAdvertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Source: Indexmundi (1) Comparison between the Concurrent and Past of UAE The World Economic Forum argued that the concurrent UAE has been going through an extremely higher economic growth due to rising oil prices along with vigorous expansion of the housing and r eal estate markets and the country evidenced a standard growth of GDP over 7% per annum during 2000-2007; however, it has recorded 65% GDP growth in 2008 (WEF 4). At the seventy years back, the modern Emirates were different several states under Britain general treaty of peace while the nations were under control of two tribal groups, such as, Qawasim and Bani Yas; however, the people of that time lived on agricultural and pastoral along with robbing on the foreign ships. The overall economy of this region was very distressed until the oil resources were discovered and the traditional form of Arab monarchy continued until independence. Importance of the Factors of the Socioeconomic Development in UAE The Economist reported that the Arab world is under serious threats for Labialization and democracy, the wave of Arab Spring has been spreading out from one county to another, some of the Emirates are afraid with the growing violence and peoples movement, which may abolish the tradition al Arab monarchy in UAE replacing by democracy at any moment (The Economist 1). To mitigate such risk, the government of UAE necessitates introducing appropriate economic development policy, which would be capable to avoid social unrest and political violence. To formulate such a policy, it is essential for policymakers to take into account of the factors those contributed the country to be a most resourceful county in the world and to bring social development, analysis of that factors would assist the policymakers to generate new policy which would be acceptable to the mass people.Advertising We will write a custom essay sample on Factor behind the economic and social development of the UAE specifically for you for only $16.05 $11/page Learn More Thus, it is essential to analyze the factors of social and economic development of UAE. Snapshots for Rest of the Essay The first cheaper of the paper has presented the background of the study while the second cha pter would present stages of economic development in UAE from the historical perspectives with a comparison with other Arab counties in this region. The third chapter would identify and analyze the four factors that generated economic and social development and the fourth chapter would draw conclusion for the study. Economic and Social Development of UAE Stages of development in the UAE From now to the seventy years back, UAE has evidenced different development stages, this paper would classify the stage into three phases, such as, colonial stage, independence and post independence stage and the third phase is global financial crisis and concurrent stage. Although, the country has historical perspectives of archaeological background from 5000 BC to 676 AD, era of Islamic Interference, Tribal society, and Trucial states development, but these historical stages are out of the area of present study and limited up to seventy years back. The development stages of last seventy years are a s- Colonial Stage: At seventy years back, during the British colonial rule, UAE evidenced the World War-II. Hellyer and Garey (2) pointed out that UAE and the Trucal states have great impact of World War-II, there were US and British military presence in this region while the region faced highly raise of food price, presence of foreign migrants, wartime trade barrier distressed the economy of the country (1). At the same time, due to presence of British political official and flights there were tremendous infrastructural development all over the region, flying base, radio communication were introduced, following the end of the war the country get the opportunity rethink about confederation and development of constitution. During this stage, most of the people lived on agriculture and pearl trade, although the first instance of oil discovery, British proclaimed to leave this territory in 1962 (Library of Congress 2). Independence and Post Independence Stage: Sadik (7) and Butt (2) m entioned that independence in 1971, contributed UAE to organize a federation of seven Emirates under a constitution different from the other Arab; moreover, exploration of oil performance started to encourage socioeconomic development of UAE by amplifying petroleum exports that boosted government revenues. As a result, the economy diversified by optimizing its capacities, export revenues overflowed it budget deficits and turned to promoting other manufacturing and service sector that generated huge demand for importing low cost labor from the south Asian counties for capital incentive industries. At the same time, the country has gained remarkable progress for human resource development and education expansion safeguarding the religion believes of society with Islamic morals. Global Financial Crisis and Concurrent Stage: Ellaboudy (1) pointed out that due to global financial crisis the liquidity and tight credit conditions, UAE started to more intensifying due to huge current accoun t surpluses had invested in foreign countries, a number of local banks was very much covetous due to overseas borrowing for large projects Dubai. In consideration of banking liabilities, the loan and deposit ratio of local banks amplified at 120% while the necessity of credit has boosted far above than local deposits rate and the situation turned vulnerable with negative real interest rates while wealth fund hold up with the strapping macroeconomic principles. Due to due to fall of oil price, the export revenue tremendously reduced and the economy faced serious downturn while most of the European and US countries have failed to overcome the crisis, UAE evidenced far better position due to its strong macroeconomic base and petroleum resources. On the other hand, the wave of Arab Spring has been threatening the monarchy of UAE that may lead the nation to introduce new policy that would be acceptable to the local incumbents with non-oil sector expansion and with increasing employment g rowth rate in UAE. What Historical Events during the Stages The Library of Congress identified that UAE is the most resourceful country in the Persian Gulf, which has become independent in 02 December 1971 from the British colonial rule following the British proclamation that it would withdraw treaty relationships from seven Gulf States that prevailed since 1892.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Britain considered it significant to establish its supremacy in this region as the East India Company had specific interest to safeguard its maritime routes, by making peace treaty with the major Sheikhs British established the region as a center for slave trade. Before independence, there were seven isolated Emirates with long historic background, for about a century the defense and foreign affairs were controlled by the Britain and following the independence United Arab Emirates was fashioned by the group of tribally structured Arabian Peninsula sheikhdoms at the northwestern coastline of the Gulf country Oman with an area of 83,600 square kilometers (1). KAMCO (3) added that the country recorded a steady economic growth while the value of GDP was US $ 105.6 billion in 2004 and turned into doubled US $ 254.4 billion by 2008 that evidenced 65% of GDP growth, beside oil sector, the government emphasized non-oil growth. Orozco (5) remarked that UAE faced a serious catastrophe by Sept ember 2008 following the global financial crisis stating with the historical fall of oil prices, stock market, property market, and banking systems seriously shocked along with drop in remittances and tourism as well fall of investments and of the real estate bubble in the gulf market. The natural resource of the county is a great blessing for the county to overcome the impact of global financial crisis, but as an integral part of international financial system, UAE still face the impact of global recessionary impact. The ongoing political situation has barely exposed the rulers of the wealthy country UAE are worried that they perceive an alarming danger for the fall of the regime; to mitigate such risk the government of UAE necessitates to introduce appropriate economic development policy which would be capable to avoid social unrest and political violence. Influence of historical events of UAE in Relation to Other Gulf Countries Mirkin (6) argued that UAE has common cultural with long historical accords and common religion alignment, same language, and tradition with GCC 1 and other Arab nations, but there are huge dissimilarity due to geopolitical and socioeconomic diversity, thus, there is no chance for UAE to influence others with its historical events. Rather, there are enough opportunities for UAE to be influenced by the concurrent events of other Arab nations, for instance, the concurrent wave of Arab Spring influenced one by one Egypt, Syria, Tunisia, and other Middle East countries are going to be influenced. No historical event of any Arab countries have no credible acceptance to the people for the reason that historical event connecting with religion has just encouraged strengthening tradition Arab Monarchy suppressing the people and their democratic right. Religion radicalism has no further appeal to the suppress peopleââ¬â¢s movement for democracy, Arab people want freedom of speech freedom of media, the historical even any economic allowance could not compromise the burning desire of democracy and there is no other alternative rather than democratization liberalization. Although, the demographic configuration of UAE has similar characteristics Factors behind UAE Economic and Social Development The United Arab Emirates Yearbook 2007 pointed out that remarkable economic and social development of UAE has generated by the contribution of several factors, devoid of those factors, the country may not capable to see the light of modern progress. The major factors that played vital role for socioeconomic development are the most dominant oil market, vigorous growth of public joint stock companies, gradual expansion of free-trade zones and floating local stock markets and state sponsored bulky new projects along with the good judgment of economic policies that established solid foundation for extraordinary economic and social development (UAE Govt 2) Four Factors of Development Among the different factors of economic and social development, this chapter of the paper would discuss only following four factorsââ¬â Dominant Oil Market of UAE Chandra (1) mentioned that discovery of oil resources in 1962, UAE explored to place itself from poor to least developed country by 1970 and by 1990, it turned into a reach country with higher GDP growth that influence the incumbents regular life providing huge job opportunity. Strong reserve of oil, increasing oil price and diversified investment of oil income explored in the non-oil sector, before oil exploration, the people were very poor and dependent on pearl trade and agriculture. In 2000, UAE assessed as the fifth largest oil reserve of oil with 98.8 billion barrel oil and six trillion CM natural gas with a production capacity 2.1 to 2.4 million barrels and real estimated contribution to the GDP AED 328 billion with export revenue of AED 202 billion in 2005; thus, the contribution of oil market is unreliable. Free-Trade Zones Shimy (7) addressed that the WTO int roduced the free trade zone concept by keeping foreign companies out of national custom taxation and documentation; in real life evidence, there is a huge variety of generic free zones formed with different aim and objectives to accelerate overall economic activity of a county. Although, the legislation of GCC does not allow full foreign ownership, UAE is the pioneer in this region to offer 100% foreign owned companies and formed free zones that played the most important role for the success of economic diversification of the country that tremendously attracted FDI inflow. The free zones also contributed the county with boost of exports, job opportunity creation, foreign labor force import, modern technology transfer; and skill development of the human resource while forward and backward linkages local companies also explored with remarkable contribution to the GDP. Stock Markets of UAE Khedhiri and Muhammad (3) pointed out that there are two stock exchanges in UAE named DFM2 and AD SM3, which started their official journey in 2000 although there prevailed authority ESCA4 and they experienced wonderful growth from their beginning in terms of market capitalization and volume of listed companies and turned into the second largest stock market in GCC region. Greater than before oil revenue, diversification of financial activities and lower interest rates in UAE has seriously contributed to the exploration of stock market in the country the current exceptional growth of the stock market restructured the investment opportunities including foreign companyââ¬â¢s enlistment, although total number of listed companies are not enough big. Public Joint Stock Companies In the economic and social development of UAE, Public Joint Stock Companies have kept tremendous contribution to accelerate the trade and commerce along with social mobility within the emirates, to form a PJSC5 the minimum requirement is an investment of AED 10 million by the entrepreneur members, for bank ing sector the required investment is AED 40 million (UHY 3). The PJSC would organize with at least ten sponsor members, 51% of the shares would be owned by the chairperson and directors from UAE nation, rest 49% could be shared by the foreign nations; this provision provided opportunity to come closer with foreigner where business interaction and communication bring them to exchange their views that ultimately influence for social motivation. Importance of the Factors The four factors for social and economic development has a great significance to raise a nation to be united to bring itself from the very poor to the extremely rich stage; moreover, these factors also flourished mass education and higher study and to face the challenge of globalization. At the same time, social motivation that flourished by the implication of the factors has turned the people to move for democracy. Impact of West Relationship to shaping the Factors Katzman (1) added that the foreign policy of UAE dem onstrates its gradually more aggressive alignment to the USA, and supporting all US policies in the Middle East including sanctions against Iran, indicates very weak foreign policy and creates misunderstanding with the neighboring countries. The relationship of UAE with the western countries has shaped in a position that the county that it does not bother to sacrifice both national and regional interest to continue its process for Americanization, but this strong accord with the USA may not protect the negative impact that already motivated towards western culture and democracy instead of Islamic monarchy. The extent of social motivation by the westerns has progressed to a certain level of people where people do not compromise for democracy with any financial incentives, religion values or economic development, they urge for freedom of speech in exchange for their life. Conclusion UAE is the most moderate Islamic country with traditional Arab monarchy that turned the country from a poor colonial rule to one of the richest Arab country based on strong oil economy that already diversified its economy towards non-oil sector. Economic and social development of UAE has strongly aligned with the oil reserves, free-trade zones, public joint stock companies, stock markets and these factors accelerated economic growth with smooth social progress, keep away from the ancient agriculture and pearl trade. Although, the country has strong historic, cultural, ethic alignment and language similarity, but there is influence of its historical events to the others, but the others have great influence on UAE in terms of democracy and freedom of speech. The quick shifting political situation may suggest for decartelization and liberalization without any violence. To mitigate social conflict and political unrest, it is essential to introduce new policy for decartelization and liberalization, which could contribute the country to generate further social and economic progress with ba lanced economic growth. The outcomes of this study would contribute the policymakers of UAE with a better understanding of the concurrent Arab world and would direct for appropriate solution. Butt, Gerald 1997, Oil and Gas in the UAE. PDF file. 20 March 2012. Chandra, Devam. Ontribution of Oil as Gas Industry in UAE. 2011. Web. Ellaboudy, Shereef. ââ¬Å"The Global Financial Crisis: Economic Impact on GCC Countries and Policy Implications.â⬠International Research Journal of Finance and Economics, 41(1). 2010. Web. Hellyer, Peter. Garey, Laurence 2012, World War Two Plane Crashes in UAE. PDF file. 20 March 2012. adias-uae.com/publications/hellyergarey04.pdf Indexmundi. Country Profile of the UAE. 2012. Web. https://www.indexmundi.com/united_arab_emirates/. KAMCO 2011, Economic Brief and Outlook April 2011 of UAE. PDF file. Katzman, Kenneth 2011, The United Arab Emirates (UAE): Issues for U.S. Policy. PDF file. 20 March 2012. https://fas.org/sgp/crs/mideast/RS21852.pdf. Khedh iri, Sami. Muhammad Naeem 2008, ââ¬Å"Empirical Analysis of the UAE Stock Market Volatility.â⬠International Research Journal of Finance and Economics Issue, 15 (2008). Web. Library of Congress 2007, Country Profile: United Arab Emirates, PDF file. Mirkin, Barry 2010, Population Levels, Trends and Policies in the Arab Region: Challenges and Opportunities. PDF file. 20 March 2012. arab-hdr.org/publications/other/ahdrps/paper01-en.pdf. MOIA 2010, UAE: Country Brief with reference with its people. PDF file. Orozco, Olivia 2009, Impact of the Global Economic Crisis in Arab Countries: A First Assessment. PDF file. Sadik, Ali 1997, Evolution and Performance of the UAE Economy 1972ââ¬â1998. PDF file. Shimy, Nermine 2008, From Free Zones to Special Economic Zones ââ¬â The UAE Case Study. PDF file. 20 March 2012. oecd.org/mena/competitiveness//41613492.pdf. The Economist. No sheikh-up here: Tiny shoots from the Arab Spring get crushed. 2012. Web. https://www.economist.com/midd le-east-and-africa/2012/03/17/no-sheikh-up-here. UAE Govt 2007, United Arab Emirates Yearbook 2007. PDF file. UHY 2010, Doing Business in UAE 2010. PDF file. WEF 2007, United Arab Emirates and the World. PDF file. Footnotes 1 Gulf Cooperation Council 2 Dubai Financial Market 3 Abu Dhabi Stock Market 4 Emirates Securities and Commodities Authorities 5 Public Joint Stock Companies
Monday, March 2, 2020
Corporal vs. Corporeal
Corporal vs. Corporeal Corporal vs. Corporeal Corporal vs. Corporeal By Mark Nichol Whatââ¬â¢s the difference between corporal and corporeal, and what do these words have to do with other teams beginning with the syllable corp-? They are all of a body. As you may have guessed, most words beginning with the element corp- refer to a body, denoting either a human or animalââ¬â¢s mortal coil (as in the case of corpse) or an organization of people or things. The origin of this class of words is the Latin term corpus, meaning ââ¬Å"bodyâ⬠; that term was borrowed into English and is synonymous with corpse, which comes from French, but also refers to the main body of a bodily organ or a thing or idea, or the whole of a personââ¬â¢s artistic output or a complete collection of knowledge. Corpus is the also first element of several open compounds, including ââ¬Å"corpus callosumâ⬠(Latin for, literally, ââ¬Å"callous bodyâ⬠), referring to a part of the brain, and ââ¬Å"corpus delictiâ⬠(the Latin phrase literally means ââ¬Å"the body of the crimeâ⬠), the concept of the body of proof for commission of a crime. The adjectival corporal means ââ¬Å"affecting the body,â⬠as in the phrase ââ¬Å"corporal punishment.â⬠Itââ¬â¢s also a noun referring to a linen cloth used in church services; the meaning is connected to the concept of the body of Christ. (The noun corporal, when used in reference to a low-ranking soldier, is unrelated. It stems from Latin caput, meaning ââ¬Å"headâ⬠; a corporal originally led a small unit of troops.) Corporeal, on the other hand, denotes anything that is tangible as opposed to spiritual. Other words stemming from the Latin term follow: Corporation, and its adjectival form, corporate, and the verb incorporate, all refer to a business registered with a government Corposant, from the Portuguese expression for ââ¬Å"holy body,â⬠is another word for ââ¬Å"Saint Elmoââ¬â¢s fire,â⬠the name for a natural electrical discharge. A corps is a large military unit or branch, or another group of people with a function in common; the term is part of the phrase ââ¬Å"corps de ballet,â⬠borrowed directly (as the word corps itself) from French and referring to the dancers in a ballet company; corps is pronounced roughly the same as the French word. A corps dââ¬â¢elite is a military unit or another group whose members are selected for superior skills or other qualities. Corpsman (from membership in a medical corps) is a synonym for medic, a soldier trained to provide basic medical care; it also refers to a member of a government-sponsored service group, such as the National Conservation Corps. Corpulent means ââ¬Å"obese,â⬠and a corpuscle is a very small particle or a cell or group of cells in an organism. (The word core, from the French word coeur, meaning ââ¬Å"heart,â⬠is unrelated.) Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:50 Idioms About Legs, Feet, and ToesConfused Words #3: Lose, Loose, Loss45 Idioms About the Number One
Saturday, February 15, 2020
Proposal Essay Example | Topics and Well Written Essays - 2250 words - 1
Proposal - Essay Example In addition to wresting these native populations and lands from Mexico, the U.S grabbed itself many overseas colonies. While it reluctantly joined the two world wars rather late, the United States has started and waged quite a number of wars single-handedly since becoming a superpower. Interestingly, some of these wars have been merely military interventions whose justification some consider ulterior and therefore uncalled for. From this war-mongering nature of the United States and its leaders (presidents), it is strange that U.S citizens and subsequent presidents consider themselves as peace-loving people and continually deceive Americans that the U.S foreign policy serves their interests. One reason the U.S citizens elected President Barrack Obama is that they thought he would be different from his predecessor George Bush who not only started the foolish and unnecessary wars in Iraq and Afghanistan but also mismanaged these wars. It is because of Obamaââ¬â¢s opposition to the two wars that he was endeared to the war-wary U.S citizens thus prompting his election. Unfortunately, two years into his first term in office, President Obama, who was expected to be more thoughtful on the use of U.S armed forces and the implications of crude policy tools escalated the U.S. involvement in Afghanistan and even launched a new war against Libya. Because of its love for war and military interventions in countries and regions considered enemies, strategic, or of interest to it, the United States has made many enemies in the world, more so the Arab and Muslim world. In fact, the U.S foreign policy has particularly been aggressive towards the Arab world, seen to be harboring and su pporting individual terrorists and terror groups such as the Al-Qaeda and Al-Shabab. This paper explores the United Statesââ¬â¢ foreign policy, which is marred with a lot of lies not
Sunday, February 2, 2020
Media communication - reputation of an organization Essay
Media communication - reputation of an organization - Essay Example Many organizations are now realizing the importance of having a successful public relations specialist. For example, a well managed and informed public relations representative can maximize profits and strengthen a company in a weak economy. (Bureau of Labor Statistics, U.S. Department of Labor, 2006, August 4). How can a public relations representative implement their use of mass communications into their program for overall success and positive outlook for a well managed, sustained and informed public relation A public relation practitioner's job is very broad based and competitive. They have to do more than just inform and educate the public about the company or organization that they represent. (Public relations, 2006). They must understand the needs and wants of their target audience so that they can reach their audience through their various forms and strategic usage of marketing, advertising, and promotions. They may work for and represent governments, large organizations and companies, the media, political campaigns, employees, investors, and celebrities, just to name a few. How can a public relation practitioner implement the use of good marketing skills into their public relations program What factors are involved for successful marketing Public relations practitioners use advertising and sales promotions to support their marketing efforts. They must understand who and what their target market audience is so that their message will catch their attention. The target market audience is a particular group of people that will benefit the most from a particular good or service. A company or organization must cater their promotions, marketing, and advertising schemes to this audience by understanding their overall needs and wants. A good public relations practitioner must realize the importance of successful marketing strategies. Their objective is to move their target market along various stages. Each target market audience must complete these stages: unawareness, awareness, belief/knowledge, attitude, acquisition intention and finally to acquisition. Only then can a marketing, advertising, and promotional strategy become effective. (Public Relations, 2006). Advertising and promotions are two key elements used for success in marketing goods or services. These two elements exist in various mediums. What are the various mediums used in advertising, and how does a public relations practitioner use it these to best benefit their company/organization Advertising is a marketing strategy that involves the use of numerous varieties of media forms to grab the consumer's attention to their product or service. Successful advertising should be persuasive and informational enough to influence the target audience's behavior or thoughts about what is being advertised. It can be used to sustain and develop an overall image to the public. Forms of media items that inform the consumer or client about the goods or services generally will work the best. A company or organization's name, slogan, and/or logo are very important to its image, and therefore, any media attention or promotions should be centered upon them. (Humphries, 2003). Certain forms of advertising are becoming more and more expensive, so most of all practitioners aim at free positive publicity through numerous advertising forms such as through
Saturday, January 25, 2020
The Wall :: Creative Writing Essays
The Wall At precisely 10:30 A.M. I got a call from a Mr. Machiano saying that while renovating a palace his men found the bones of what seamed to be a human body. When I got to the scene one of his men showed me to the corps. It had dirty, out-of-date clothes draped upon its remains with a piece a rope beside it. I asked Mr. Machiano how the body was discovered. "My men were knocking down a wall and one of them found a skeleton with a motlry on, and that's when I called you." I asked whom he bought the palace from. "A man I would say in his early eighties, named Montresor." I then left to learn about this person.. I found out that he was living with a cousin right near his old home. I decided to stop by and ask him a few questions hoping he would remember or know something. After about an hour of getting "I do not know. What are you talking about? Please leave." I realized this was a waste of time and decided to go. The next morning I called Mr. Machiano and asked him to meet me at the palace. As I approached the area where the body was found I began to feel a little queasy. I searched the ground around the body hoping to find some clues. I noticed the sparkle of metal pertruding from the ground. I picked it up and saw it was a gold and diamond ID bracelet with the name Montresor inscribed on it. I decided to do a little more research on this man. I went to the station and asked the secretary to show me the file on any person missing for more than 20 years. The list only had about five people on it with a brief description. There was a man by the name of Fortunato on it who has been missing for about 50 years. He was last seen wearing a motley. I then put two and two together and after some investigation, I found out that the remains were indeed Fortunato. Later that afternoon I decided to visit Mrs. Fortunato. She took the news pretty well, she had suspected he was dead. "The last time I saw him was fifty years ago during carnival season." I went back to Montresor's house and told him that next to Fortunato's body was a gold bracelet with his name on it. He still insisted he had had nothing
Thursday, January 16, 2020
Art assignment TOK Essay
1. As you approach the art gallery, you will see a large, spindly sculpture outside the main doors. It is of a spider with a sac of eggs under its abdomen.à (a) What is your initial reaction upon seeing this piece?à What the Heck? What is gods name is this doing here? Thatââ¬â¢s interestingâ⬠¦Ã (b) Do you think initial reaction is a very important quality in art?à Yes I think initial reaction is very important, because if a person viewing the piece or art is not moved or interested in any way, that person will have no desire to continue watching it and therefore will never really understand the piece. Every good piece of art has original or impacting aspects that standout and make a person try to find its inner meaning. Be sure to walk around the work, under the work and to touch the work.à (c) Has your reaction to this work changed?à By getting closer I actually got goose bumps and found it a little repulsive as I stood under it, but when I saw the eggs I noticed the sculpture was a female spider and had a whole different meaning, it was not to scare the viewer but to attract it and want to find out more about it, which is what I was determined to do. Louise Bourgeoise is the artist of this piece. Look beside one of the main doors to find out what it is called.à (e) Do you believe the piece is appropriately titled? Why or why not?à I believe that ââ¬Å"Mamanâ⬠is a great title for it because it represents Bourgeoise view of her mother and not only that but the intense love of motherhood towards its babies (in this case the eggs). Also im not sure of this but I found out that Bourgeoise mother actually love knitting stuff, such as a spider knits its own web, might be a metaphor to express this love of knitting. (f) Do you believe that having possible varied responses to this work is a weakness or a strength?à I think that having varied responses to this work in specific is a weakness because it shows that the meaning put into the work wasnââ¬â¢t communicated in a good way a human creates art to express emotion or a meaning and if you donââ¬â¢t interpret it like they meant it means they didnââ¬â¢t do it correctly, it might be a strength for other works of art but for this one itââ¬â¢s a weakness. (g) What if the work inspires an emotional response completely different from the intentions of the artist? Does this make the artwork more or less successful? Explain your answer.à Generally I think that the artwork would be more successful if the emotional response from the person is different from the intended message. This is because as long as it inpiries an emotion the artist has done their job, have it been the original message or a completely different one this is interesting for an artist if people see the artwork in ways he/she never even imagined.à Go into the museum, pay your admission. After paying, walk up the ramp to the atrium. Go into gallery A101- FIRST FLOOR- Canadian Art.
Wednesday, January 8, 2020
Nike The World s Leading Supplier Of Athletic Shoes
Nike is the worldââ¬â¢s leading supplier of athletic shoes and merchandise. Within the United States alone Nike has exceeded $3.7 billion in total sales, and they make up more than 47% of the U.S. athletic sneaker market. Nike has been supplying the world with the top athletic sneakers and apparel since 1978. Originally founded as Blue Ribbon Sports by Bill Bowerman and Phil Knight in 1962, the brand didnââ¬â¢t see increases in success until they rebranded in the late 1970ââ¬â¢s. In 2015 Nike announced that they plan to grow its online and e-commerce business to $7 billion by the year 2020. Mark Parker, current Nike CEO, says the potential for $7 billion in sales is there but the company needs to the target audience to adapt to the new advertising strategy that Nike has begun to implement. Nike is focusing their attention on their new Nike+ app. Since the summer of 2015 Nike has received positive feedback about the app and the company plans to advertise and sale products thr ough Nike+. Parker is relying heavily ads on the Nike+ app and mobile sales to take Nike to a new level, heââ¬â¢s quoted as saying, ââ¬Å"Mobile innovation and personal services are dominating the landscape, thatââ¬â¢s why we need to invest in integrating digital and physical retail seamlessly, giving our customers better access to the products that they wantâ⬠. Ad Nike continues to grow and transition there sales strategy, so will the companies advertising change up. The company will now focus its attention on advertisingShow MoreRelatedNike Strategy1302 Words à |à 6 PagesIntroduction For this module Session Long Project I picked Nike, Inc as the multinational company to study. Here we will discuss the origin and history of this company and its profile. We will also cover Nike s international activities and how they managed to become today s world s leading supplier of athletic shoes, apparel and sports equipment. We will see how this company managed to expand internationally and control the sportswear arena completely by utilizing marketing strategy centeringRead MoreThe Athletic Shoe Industry Is Made Up Of Companies That Produce Footwear For Athletic Use1638 Words à |à 7 PagesExecutive Summary Introduction The athletic shoe industry is made up of companies that produce footwear for athletic use. This is a strong industry and has been around for over 100 years. The athletic shoe industry is one of the fastest growing footwear industries and have top growing sales compared to other footwear industries (NDP Group, 2016). The key players that currently dominate the market are Nike, Adidas, and Puma (Kates Bolduc, 2013). 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Although Nike does not manufacture any of its own shoes, the company is still todayââ¬â¢s leader in selling athletic shoes and apparel. Nikes marketing strategy is an important component of the companys success. Nike is located as a premium-brand, selling well-designed and costly products. Nike lures clients with a marketing strategy centring on their brand image: a distinctive logo (the Swoosh ) and the advertising slogan Just Do It. Nike promotes its products by supportRead MoreCase Study : Under Armour Case955 Words à |à 4 Pagesplace in a competitive market. The sports apparel market already has strong companies leading profits. Nike Inc., Columbia Sportswear Company and Adidas AG are the largest direct competitors to Under Armour. Under Armour has had a big challenge to create their own brand that would be in demand with the consumer while competing against already well established brands. Under Armour Inc âËâ SP 500 âËâ #62 in FORTUNE s Fastest-Growing Companies as of August 2015 âËâ #739 in FORTUNE 1000 as of June 2015 âËâRead MoreNike vs Adidas1039 Words à |à 5 PagesNike, Inc. (IPA: / naà ªki/) (NYSE: NKE) is a major publicly traded sportswear and equipment supplier based in the United States. The company is headquartered in Beaverton, near the Portland metropolitan area of Oregon. It is the world s leading supplier of athletic shoes and apparel and a major manufacturer of sports equipment with revenue in excess of $18.6 billion USD in its fiscal year 2008 (ending May 31, 2008). As of 2008, it employed more than 30,000 people worldwide. Nike and Precision CastpartsRead MoreNike Business Case Study1380 Words à |à 6 Pagesencourage economic competition, people feel better about working for that company, and it s the right thing to do which can cause personal happiness and satisfaction (Lecture 1, 2017). Even though every company should act ethically correct, not everyone does and Nike is a great example of that. Nike is a company who grew fast and looked for a cheap way to manufacture th eir products, by manufacturing overseas. Nike had a strong start but when people started protesting the company and their name was beingRead MoreCase Study - Nike: Spreading Out to Stay Together1343 Words à |à 6 PagesCase Study: Amazon: Nike: Spreading Out to Stay Together Nike, Inc. is an Americanà multinational corporationà that is engaged in the design, development and worldwide marketing and selling of footwear, apparel, equipment, accessories and services. The company is headquartered nearà Beaverton, Oregon, in theà Portland metropolitan area. It is the world s leading supplier ofà athletic shoesà andà apparelà and a major manufacturer ofà sports equipment, with revenue in excess of US$24.1à billion in its fiscal
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