Norms and Cultures free essay sample

A short assessment of issues that a newcomer faces when joining an association and endeavoring to adjust to new standards and societies. This paper characterizes what culture is and talks about what leaps an outcast appearances when joining another association. The center is a case of another work spot and clothing regulation morals. Culture had been characterized not as the conduct of the individuals living in it; it is the it wherein they live. The way of life of an association incorporates the language, clothing regulations, and propensities for the tasks, esteem frameworks, a morals code, demeanor and communications between different layers of the association and work standards. Standards are the sorted out and shared thoughts of what the individuals in the association do and believe, and how these standards ought to be directed. The essential needs are physiological, requirements for security, alliance, to feel confidence and for self-realization (Harvey and Brown, 1976).

Communication In Business Free Essays

Numerous f our notable brands, for example, Johnnie Walker and Guinness were based on the equivalent corporate citizenship that we hold today. We consent to the way that we can't change the world all alone. With our investment and persistent help towards the UN Global Compact, we can gain from others and show authority. We will compose a custom paper test on Correspondence In Business or on the other hand any comparable point just for you Request Now However, here at Adagio Pl, we perceive that there are as yet numerous progressions and upgrades that should be made among us and furthermore among our gracefully chains. This accommodation plans to proceed with our promise to the UN Global Compact arrangements by proposing proposals dependent on our encounters and slip-ups to the nearby system. Our neighborhood arrange locale picked will be India. The proposals depend on two standards of the UN Global Compact. The standards are 1) Principle 2: â€Å"Businesses should ensure they are not complicit in human rights manhandles. † (The Ten Principles/Principle 2 2012). 2) Principle 8: â€Å"Businesses ought to embrace activities to advance more prominent ecological responsibility’ (The Ten Principles/Principle 8 2012). The proposals are:- Encourage providers to Join the Suppliers Ethical Data Exchange (Sexed). Urge different organizations to outfit employee’s power. Suggestion 1 Our involvement with creating nations has indicated how complicity in human right maltreatment can emerge when carelessness happened in the flexibly chain. We gained from our mix-ups and think of the accompanying suggestion to keep such thing from happening again in India. We Join the Suppliers Ethical Data Exchange (Sexed) (Adagio 2007). Through Sexed, providers will post a self-evaluation of their practices and items. These can be gotten to by any of their clients. At present we tally 300 of our own providers in Sexed. The appraisal of every provider is then firmly checked against the Ethical Trading Initiative guidelines of human rights. We energize all providers of Adagio Pl to Join the Sexed. We additionally Join a gathering of nourishment and drink makers who have solid conviction on the way that their gracefully chains ought to work in the best expectations towards human rights. We are as of now working with providers surveyed as resistant and attempt to cause them to improve. Incase there is no improvement from our provider; we hold the chance of looking for elective wellsprings of gracefully. This year, we halted our business with one of our provider in Asia since he was not ready to report his exhibition. Advantages and Implications Consumers: They are given data about the item that they will utilize straightforwardly from our provider. In addition they will know whether the provider is consistent with current human right approaches. Providers: Getting associated with Sexed will catch the enthusiasm of different organizations in the item they made. Investors: By keeping away from human rights contentions, the organization will be secured against authoritative and budgetary repercussion and accordingly the company’s benefit won't be influenced. Proposal 2 Since we’re been making our 201 5 targets, we have been endeavoring to limit our natural effect. Focusing on the undeniable things can be direct. Be that as it may, to ready to address our different effects, we required the information and thoughts of the individuals on the ground in our day by day tasks. We understood that the employee’s contribution could be the missing connect to accomplish our ecological targets. We concoct the Greening as proposal (Adagio Sustainability Responsibility Report 2011). Greening is the codename for the system executed to urge representatives to act in an ecological amicable manner. The representatives from various site will frame groups known as the â€Å"GREEN TEAM†. Groups will contend to win Olympic-Tyler awards for finishing natural activities. These reaches from bronze decoration ventures to gold award accomplishments. Winning destinations will be picked over the entire world and every victor will be granted EYE,OHO to put resources into the new natural agreeable undertaking either on location or locally. Additionally relying upon the accomplishment of the program, one thought is to dispatch another platinum class to compensate gold award destinations that will enable another office to begin a green group. Our business is about festival and we attempt to bring that into all that we do. And furthermore the motivation behind why Greening will work is we tap our people’s feeling of network and furthermore their nominative soul. Advantages and Implications Employees: Capture the interests of 20,000 individuals dealing with all degree of our business in 80 locales across 40 nations and furthermore give a stage to the workers to share their thought. Customers: This will make an effect in the brain of our buyers. Individuals are beginning to think about their group of people yet to come. They need to manage firms who are naturally mindful. Greening will make something positive for our organization. Condition: The reason for Greening is the effect it has on nature while the primary motivation behind the entire program. The honor winning venture will be actualized all through all locales on the planet. We are expecting accomplishments like cutting measure of water utilized by 60% or diminishing measure of carbon dioxide emanation by half on our site. Greening will be helpful for the earth. Difficulties The usage of the proposed suggestions will be a difficult errand. The issue with the principal suggestion is that pulling back from a resistant provider will just dislodge the issue as opposed to illuminating it. Our activity could influence the supplier’s workers and proprietors. For little network, the misfortune in business of the provider could have huge financial ramifications. Our goal is to adjust those dangers and help the provider to improve. The test looked because of the subsequent proposal isn't all representatives will partake in the program. Making mindfulness among the representatives is likewise of incredible worry for An example of overcoming adversity We at Adagio Pl have obligation towards our partners and the earth. We keep on demonstrating our help to the standards of the UN Global Compact. We accept that the proposed suggestion could be utilized as a rule by our nearby system and other company to satisfy their implicit understanding towards their partners. By making creative and brilliant CARS draws near, our business and our general public will profit henceforth proceeding with our example of overcoming adversity. Step by step instructions to refer to Communication In Business, Papers

Butterfly Essay Topics - Writes A Perfect Butterfly Essay Topic

Butterfly Essay Topics - Writes A Perfect Butterfly Essay TopicWriting the perfect butterfly essay topic is not a simple thing to do. In fact, there are many options to choose from. But how can you make it perfect and write the right butterfly essay? Here are some tips that will help you out.The main thesis of your butterfly essay is something that you are trying to prove with your writing. You want your readers to know what you are trying to say. This may be difficult to do if you don't know anything about butterflies and the natural cycles they go through. So in order to make this topic perfect you should first learn more about them and their lifespan. You need to understand the different stages that these insects go through in order to create a complete essay topic that is based on what you actually know.The next step is to make the writing shorter and the topic smaller in order to fit into a small number of pages. There are so many butterflies that you can choose from and it is e asy to think that each one must have its own unique and well-written topic. It is important that you take time and write the appropriate butterfly essay topic that fits the length of the paper.Using a butterfly essay topic to explore this topic will not only help you make your essay perfect but it will also give you a good opportunity to see which ones have been used before and what has been done to make it a perfect topic. One of the best ways to discover this is to research it. Have someone who is more knowledgeable than you read your paper and give you feedback. This will help you make your topics easier to use. You don't have to worry about your topic being used again because the instructor will have the same topic ready for you.Another way of discovering this is to go and look at any of the research papers that will help you make this topic perfect. You will be able to figure out what is being used before you read the paper. And then you can use this to your advantage to come u p with your own topic.When you are thinking about butterfly essay topics, you may also be thinking about writing about the history of these butterflies. So you may want to consider doing a bit of research on this too and figure out what other people have written about them.The key to writing the perfect butterfly essay topics is just finding out as much information as possible. This will help you choose topics that have already been done and be able to write a topic that is unique to you.

The Role Of The Government On Childhood Obesity Essay

SPCM 200, 001 10/17/16 The Role of the Government in Preventing Childhood Obesity Specific Purpose Statement: To invite my audience to determine the role of the government in preventing childhood obesity. Thesis: With the number of obese children increasing, the government has to step in to reduce this number, but there are people who argue that it is not the government’s role to intervene in the way people raise their children. Introduction I. Attention Getter: According to healthiergeneration.org â€Å"1 in 3 children are overweight or obese in the United States, triple the rate from just one generation ago.† (American) a. Childhood obesity currently affects 12.5 million children in the U.S. b. According to Mayoclinic.org, childhood obesity is a condition in which a child is significantly overweight for his or her age and height (Mayo). c. Childhood obesity is a big issue because the extra weight often starts children on the path to health problems that were once only diagnosed to adults. These diseases could be, diabetes, high blood pressure and high cholesterol. d. This issue personally affects me because I have a younger sibling that suffers from this chronic disease. II. Will the help of the government help us reduce childhood obesity and help improve children’s education? a. Today we will discuss the different points of view in having the government implement policies to combat childhood obesity, and the pros and cons of these programs. b. I hope by sharing thisShow MoreRelatedEssay on Preventing Childhood Obesity in Australia1427 Words   |  6 PagesIntroduction â€Å"During the past two decades, the prevalence of obesity in children has risen greatly worldwide. Obesity in childhood causes a wide range of serious complications, and increases the risk of premature illness and death later in life, raising public-health concerns.† (Ebbeling, Pawlak Ludwig, 2002 p.471) Currently in the Australian community and schools there is an obesity epidemic in young people with many children doing less and less physical activity then advised. â€Å"In 2007-08 theRead MoreChildren s Eating Habits And Weight1088 Words   |  5 Pagesdemonstrate that childhood obesity is not caused by one thing; rather, obesity results from the interplay of multiple factors. For instance, family demographics (Mei, et al., 1998) parenting beliefs and practices (Birch Fisher, 1995; Johnson Birch, 1994), and child television viewing and physical activity (Anderson, Crespo, Bartlett, Cheskin, Pratt, 1998; Ross Pate, 1987) have all evidenced associations with behavio rs that can lead to early obesity and with child obesity itself. The currentRead MoreThe Extraordinary Science Of Addictive Junk Food1248 Words   |  5 Pagestoday is childhood obesity. A child is considered obese if that child is above the normal weight for their age and height. Childhood obesity is a â€Å"national epidemic† problem in America that needs major attention. In the article,†The Extraordinary Science of Addictive Junk Food,† by Michael Moss he acknowledges that â€Å"Among children, the rates had more than doubled since 1980, and the number of kids considered obese had shot past 12 million†(473). Moss’s point is that the rates of childhood obesity hasRead MoreThe Effects Of Childhood Obesity: An Epidemic In Our Nation.1391 Words   |  6 PagesThe Effects of Childhood Obesity: An Epidemic in Our Nation Seema Patel A Capstone Proposal Presented in Partial Fulfillment of the Requirements for the Degree Master of Healthcare Administration KAPLAN UNIVERSITY March 2017 The Effects of Childhood Obesity: An Epidemic in Our Nation Childhood obesity is a greatest public health concern in our nation because it has an immediate and long-term effect on morbidity and mortality later in life. Experts in this epidemic suggest that there isRead MorePolicy Priority Issue : The Childhood Obesity Essay1614 Words   |  7 PagesPolicy priority issue: The childhood obesity Childhood obesity is one of the major public health challenges of the 21st century. The prevalence of obesity is increasing globally. In 2013, the number of overweight children under the age of five was estimated over 42 million. Childhood obesity can cause premature death and disability in adulthood. Overweight and obese children will grow up to become obese adults and are more likely to develop diseases like cardiovascular diseases and diabetes at aRead MoreObesity : The Body Mass Index Essay1699 Words   |  7 PagesIntroduction Obesity can be defined as an abnormal increase in the proportion of fat cells, mainly in the viscera and subcutaneous tissues of the body (Mosby, 2010). The official medical measure of obesity is the body mass index (BMI), an index of an individual’s weight relative to height. The World Health Organisation (WHO) defines obesity as having a BMI greater than or equal to 30 (World Health Organisation, 2015). New Zealand (NZ) ranks 3rd highest for obesity rates amongst OECD (OrganisationRead MorePreventing Childhood Obesity1689 Words   |  7 PagesPREVENTING CHILDHOOD OBESITY Preventing Childhood obesity in school age Children Lakeisha L. Jones Nursing 531 September 6, 2010 Abstract Childhood obesity has become a worldwide epidemic. The obesity rate amongRead MoreThe Importance Of Childhood Obesity In Canada1072 Words   |  5 PagesThe prevalence of childhood obesity is growing at a frightening rate. By definition, children ages 2-17 years of age that are at, or above the 95th percentile for BMI are obese (Centers for Disease Control and Prevention, 2017). On the global scale, Canada is ranked eleventh highest for childhood obesity (OECD, 2014) with more than one in four children in Canada being obese (Public Health Agency of Canada, 2012). 31.5% of Canadian children aged 5 to 17 were overweight (19.8%) or obese (11.7%) inRead MoreThe Importance Of Junk Food In Schools771 Words   |  4 Pagesunhealthy habits, affecting the brain, and childhood obesity. The government and many school districts have done multiple things to reduce/stop the problem. They have done research dealing with the junk food and tried banning junk food, which many school districts did not continue with. Junk food should not be banned in schools because the root of childhood obesity is not the snacks sold in schools, school loses money if they do not sell snacks, and the government should not dictate what children eat.Read MorePhysical Activity Essay1410 Words   |  6 PagesIntroduction Worldwide, we need to know also learn how physical activity has the potential to prevent health risks from young children. One of these health risks is obesity, which affects Middle Childhood children from the ages of 6 - 11years of age. Therefore, how has society prevented childhood obesity and what strategies can be implemented to develop and promote awareness of physical activity amongst children? If young children are to be educated and advised about the important benefits of

Realism Romanticism And Modernism - 974 Words

Within the time period studied this semester, it seems that different art movements arose in reaction to the movement of the time. Romanticism arose in response to Neo-Classicalism. Realism reacted against excessive idealization and de-emphasis of the â€Å"real† by the Romantics. Two groups arose in reaction to Realism: the Impressionists, who further developed the idea of â€Å"conveying the real,† and the Symbolists, who harkened back to Romanticism’s focus on emotions and subjectivity. Additionally, the Symbolists aimed to unlock higher ideas by using symbolic structures in their works, encouraging viewers to look beyond the superficial colors, forms, and objects in the painting. Aestheticism reacted against the Symbolist idea that all objects†¦show more content†¦By portraying the events in a matter-of-fact way, Benn prompts the reader to use his imagination to visualize the events of the poem occurring as they truly are, devoid of Romantic idealiza tion. The manner in which Benn depicts Nature and death comes in sharp contrast with the views of Romanticism. For the Romantics, a passionate death in—or, perhaps at the hands of—Nature was the ultimate objective of one’s life. While the man in the poem experienced such a death, his autopsy is portrayed with very little energy or enthusiasm. Even the flower, an object with so much Romantic symbolic meaning, is callously jammed into the dead body. In this sense, Benn shows a Realist influence in the first stanza: depicting the events in and of themselves, devoid of idealization or induced passion. Despite this, that the first stanza is relatively Realist in nature should not distract readers from seeing this poem as the Expressionist work it is. Expressionist artists sought to convey personal emotions and inner psyches through their artwork. Indeed, the final three lines—â€Å"Drink up in your vase!/ Rest sweetly,/ Little Aster!†Ã¢â‚¬â€create a sense of unease. One may interpret this as Benn foreshadowing the explosion of dark forces when the plant breaks through the body, much like how plants break through the ground with the coming of Spring. Concurrently, it may be interpreted as the explosion of violence and deathShow MoreRelated Enlightenment, Romanticism, Realism, Modernism, and Postmodernism598 Words   |  3 PagesEnlightenment, Romanticism, Realism, Modernism, and Postmodernism Literature: the enlightenment, romanticism, realism, modernism, and postmodernism†¦. Where does one begin? To some, those words can be as scary as the word computer is to others. This essay is designed to help you become a great literary interpreter. Getting the motivation is three fourths of the battle to getting into the heads of the artists. To begin, an outline of some of the literary movements has been provided. The enlightenmentRead MoreAnalysis Of Ode On Melancholy By John Keats970 Words   |  4 Pagesdemonstrate change, which are Romanticism and Modernism. The artists that demonstrate Romanticism include Washington Irving, William Wordsworth, John Keats, and Caspar Friedrich. The artists that demonstrate Modernism include Erich Remarque, E.E. Cummings, Claude Monet, and T.S. Eliot; some represent both movements such as Robert Frost. Romanticism emphasizes verbose descriptions and form, while Modernism emphasis function and Realism, which creates contrasting ideals. Romanticism is defined as an artisticRead MoreRomantic, Realist, And Modernist Period1031 Words   |  5 Pagessubject for their work, rationally, and carefully using it as a tool in their writing. In this essay, works by different authors during the Romantic, Realist, and Modernist period will be used to exhibit some of the forms of love used in literature. Romanticism was a movement that formed out of the need for authors to be able to freely, and completely, express their emotions and desires within their writings. By definition, romance is a feeling of excitement and mystery associated with love. This periodRead MoreThe Birth Of The Realism And Modernism Era1322 Words   |  6 PagesEdith Wharton Literary History The birth of the Realism and Modernism era appeared during the late eighteenth century to early nineteenth century. Both Realism and Modernism are evident in many of Edith Wharton’s literary works. Realism came from chaotic times where it â€Å"encompasses the period of time from the Civil War†(Realism from American). The United States grew enormously after the civil war with â€Å"the rapid growth in industrialism and urbanization, an expanding population base due to immigrationRead MoreRomanticism And Romanticism1304 Words   |  6 Pages which had a violent aspect that discounted it in the eyes of many. Also, Immanuel Kant, â€Å"who referred to Sapere aude! (Dare to know!) as the motto of the Enlightenment, ended up criticizing the Enlightenment confidence on the power of reason. Romanticism, with its emphasis upon imagination, spontaneity, and passion, emerged also as a reaction against the dry intellectualism of rationalists.†15 The Enlightenment profoundly influenced the world of art giving the medium a specific mainstream cultureRead MoreA Brief Introduction to American Literature3396 Words   |  14 Pagesis part of world ¡Ã‚ ¯s literature, however, it always has its unique flavor that cannot be easily ignored. Most critics hold that the history of American literature can be divided into six parts, orderly, colonial period, romanticism, realism, naturalism, modernism and post-modernism. Although American literature in its true sense did not begin until 19th century, however, we always talk about colonial period as a preparatory introduction to American literature. To follow the suit, I ¡Ã‚ ¯d like to takeRead MoreThe Era Of The Victorian Era1565 Words   |  7 PagesTroubles†, The Mid-Victorian Period, The Late Period and The Nineties.†(Stephen Greenblatt). The Nineties is thoroughly separated among the three Victorian eras because of the transformation that England experiences are from the Victorian era to Modernism. During these phases England underwent major events that affected it in the Nineties, when it reached its turning point as an imperial power in the world. The Early Victorian Period was composed of two major events where public railways expandedRead MoreThe Emergence Of The New Literary Movement1072 Words   |  5 Pages It seems every few decades the literary ground shifts. Romanticism and Realism dominated the latter 18th century well into the 19th century. Next came Modernism, arising in the 1900s. Soon after, postmodernism took stage in the 1950s. Now into the 2000s, authors have performed remarkable feats of literary creativity and diversity. Authors are evoking occurrences from the turn of the millennium—events and conflicts that are specific to the twenty-first century. 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Modernism is the movement in which artists seek to capture the images and sensibilities of their age, but modernism transcends the simple present to involve the artist’s critical examination of or reflection on the premises of art itself (Kleiner, 2014). Modernism requires artists to have some self-discipline. b. Artwork significant to the movement

Companies Listed In Tehran Stock Exchange -Myassignmenthelp.Com

Question: Discuss About The Companies Listed In Tehran Stock Exchange? Answer: Introducation In this scenario, the FCF has no growth rate after 2009. The FCF is calculated by obtaining the difference between operating cash flows and investing cash flows for the provided years. With the help of this calculation, it is possible to compute the discounting factor values and after that, discount rate is multiplied for obtaining the PV until 2009. In order to compute CV, FCF obtained for 2009 is divided by the rate of discount. This value has helped in calculating PV of CV by the value of the discounting factor for the last year. Depending on this, the EV is calculated by dividing the value of FCF per year and then, CV is added together divided by the value of discounting factor after 2009. As the value of total debt is provided, it is deducted from EV in order to derive the equity value. In addition, the case study provides both market price per share and number of outstanding shares. Based on this information, the value of equity is divided by outstanding shares providing the book value per share. Finally, the book value per share is divided by the market value per share to obtain the value-to-price ratio (Chong et al., 2017). In this scenario, the FCF has growth rate of 3% after 2009. Thus, for this problem, the CV and PV from the previous part are considered. This signifies that the CV value is anticipated to rise. The computation of the new CV is computed by multiplying the CV computed in the past part with addition in the growth rate of CV divided by the rate of discount minus the growth rate in CV (Jafari, Mohammadi Rakhshani, 2017). The value-to-price ratio and the book value per share is calculated with the application of the above-used formula. Free Cash Flow for Kimberly-Clark Corporation For computing FCF, there is reformulation of balance sheet statement. After thus, the two calculations are carried out, which are described as follows: Net operating assets = Operating assets Operating liabilities Financial assets Financial obligations In this situation, FCF is calculated with the help of the following formula References: Chong, W. L., Chong, W. L., Ting, K. H., Ting, K. H., Cheng, F. F., Cheng, F. F. (2017). The performance of externally managed REITs in Asia: Further evidence from free cash flow and agency costs.Journal of Property Investment Finance,35(2), 200-227. Jafari, F., Mohammadi, H., Rakhshani, M. (2017). The impact of free cash flow on forecasted earning success in companies listed in tehran stock exchange.Revista QUID,1(1), 2182-2191.

The five competitive forces of Michael Porter

Business strategists’ primary function in companies is their ability to understand competition and create plans to cope with such. The five competitive forces Michael Porter discusses in his article are the threat of new or potential entrants, negotiating power of suppliers, bartering power of customers, threat of substitute products and/ or services and competition among direct rivals.Advertising We will write a custom essay sample on The five competitive forces of Michael Porter specifically for you for only $16.05 $11/page Learn More An industry’s structure is characterized by the comprehensive competition of the five forces. These forces also outline the temperament of aggressive interaction within an industry. It is important for company strategists to have a thorough understanding of the five forces in order for them to plan out strategies for the company. In understanding the five competitive forces, the company will be able to †Å"reveal the roots of an industry’s profitability and provide framework for anticipating and influencing competition and profitability† (Porter, 2008). Understanding a given industry’s structure is also essential in the positioning of a company. The industry structure determines the strength of the five forces. Such is characterized by the economy and technological advancement (Porter, 2008). The five forces which shape strategy differ from industry to industry with regards to their configuration. Evaluating and analyzing the five forces may enable companies to understand the challenges present in the industry. The first force is the threat of new players in the industry. The presence of new entrants affects the industry’s prices, costs and rate of investments. â€Å"New entrants bring new capacity and desire to gain market share. This force puts a cap on the profit potential of an industry† (Porter, 2008). Entry barriers and the reactions of incumb ents determine the competition and profitability of an industry. Industry incumbents have an advantage through the seven entry barriers which are supply-side economies of scale, demand-side benefits of scale, capital requirements, incumbency advantages independent of size, unequal access to distribution channels and restrictive government policy. In planning out company strategies, managers must take into consideration the relationship of entry barriers and potential players’ capabilities. The second force which affects strategy is the power of suppliers where â€Å"they try to gain more value for themselves by charging higher prices, limiting quality or services or shifting costs to industry participants† (Porter, 2008).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Another force is the power of buyers where customers tend to coerce sellers in lowering product prices, deman ding superior quality and services. Customers can influence the increase of costs at the expense of the profitability of an industry. The fourth force is the threat of substitutes. Substitutes can threaten the profitability of an industry for they can act as an alternative when a customers are not satisfied with a given product. Lastly, the rivalry among existing competitors is the fifth force which shapes competition. These rivalries can be manifested in different forms such as price competition, product innovations, marketing and advertising campaigns and improvements of services. Profitability of industries is limited when rivalry among industry players is high. â€Å"The degree to which rivalry drives down an industry’s profit potential depends on the intensity which companies compete and the basis on which they compete† (Porter, 2008). An industry’s profit potential is determined by the industry structure. Understanding the five forces enables companies to regulate how economic value is created in the industry. Strategists must consider the five forces in keeping the overall industry structure in mind and must focus on structural conditions. Aside from the five forces, strategists must also take into consideration factors which affect industries namely the growth rate of the industry, technology and innovation, government policies and complementary products and services. An evaluation of an industry’s forces and factors may provide an understanding that industry structure constantly undergoes adjustments and such can change sporadically. Changes in the industry can originate from within the industry or it can be attributed to factors outside the industry. The outcomes of the changes in the industry can be an advantage or a disadvantage. The importance of understanding the five factors enables strategists to identify the framework of the industry thus they can expect such developments and anticipate the impacts of such changes i n the industry’s profitability. Such changes may include the shifting threat of new entry, changing supplier or buyer power, shifting threat of substitution and new bases of rivalry.Advertising We will write a custom essay sample on The five competitive forces of Michael Porter specifically for you for only $16.05 $11/page Learn More The thorough understanding of forces, factors and changes in the industry allows strategists to plan out how companies should position themselves, exploit industry change, shape industry structure and define the industry. In developing strategy, it is essential to have a clear understanding of the forces which shape the competition of a given industry. The five forces expose the profitability of an industry and a thorough understanding of such together with the factors affecting the industry as well as the changes brought about justify such profitability. The five forces expose the most important features of an indus try’s competitive environment. A detailed understanding of the forces enables strategists to determine the standard strengths and weaknesses of a company in a given industry. The knowledge of industry structure helps managers shape strategies for companies to compete in the market. Works Cited Porter, Michael. â€Å"The Five Competitive Forces that Shape Strategy.† Harvard Business Review January (2008): 78 – 93. Web. This essay on The five competitive forces of Michael Porter was written and submitted by user Kylah C. 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.