My Desire To Be Mechanical Engineer - Free Essay Example

Sample details Pages: 2 Words: 521 Downloads: 8 Date added: 2019/08/12 Category Engineering Essay Level High school Tags: Mechanical Engineering Essay Did you like this example? The career I want to pursue is a Mechanical Engineer, I got this career as a result on both of the tests that I took to figure out what career I wanted to pursue. I have wanted to be a mechanical engineer for as long as I can remember. My entire life I have always had a great interest in working in and around cars, trucks, and anything else with a motor. Don’t waste time! Our writers will create an original "My Desire To Be Mechanical Engineer" essay for you Create order The reason I want to be a mechanical engineer is that, from the little experience I have with it, I love doing it. I love working on cars, trucks, dirt bikes, ATV’s, and even lawnmowers, and with the proper education, I can do it. Another reason is that this job pays well, the average wage of a mechanical engineer is about $84,000 per year, which is about $43 per hour. Mechanical engineering has an interesting history, one of the first mechanical engineers was a Greek engineer named Archimedes, who invented such things as the Architonnerre, the Claw of Archimedes, Archimedes’ screw, the pulley system, and many more. As you can see, Mechanical Engineering has been a crucial part of society since 212 BC. Mechanical Engineering was needed then and is still in high demand now. It will not be hard to find an opening to be a mechanical engineer because there are 288,800 people working as mechanical engineers in the United States, which is 5776 Mechanical engineers per state. I feel that education is crucial for almost every job, for Mechanical Engineers it is advised to have at least a bachelor’s degree in Mechanical Engineering. I plan on getting either a bachelor’s degree or higher in Mechanical Engineering. Mechanical Engineering requires a deep knowledge of Mechanical and Thermal devices, as well as a knowledge of engines, transmissions, chassis, frames, unibodies, etc. This is normally all learned through education. Now that you know what Mechanical Engineering Takes to do, but not what you do. Mechanical Engineers build and design machines that produce power, whether it be horsepower ( a vehicle) or electricity (electric/gas/diesel generators). They also create and maintain internal combustion engines, which are the ones used in cars, lawnmowers, snowblowers, etc. If Mechanical Engineering does not work out for me then I will have to pick another career, for my career test I got recommended Architecture and Construction, Transportation, Distribution, and logistics, and Information Technology. I would consider looking into Construction or Information Technology if Mechanical Engineering did not work out in the end. Antother Career I would consider was Computer Hardware Engineer, Computer Hardware Engineers create and test computer hardware such as Graphics Cards, CPU’s, Motherboards (Circuit boards), and all other things electronic. I planned to be a Mechanical Engineer before I got recommended the job from the career test. As I said earlier, I have been working on motors for many years. Most of the time with my Father and my Brother. I enjoy manual labor whether it be working on a computer or working on a jobsite. So from my preferences, I have chosen Mechanical Engineering, I believe that I will love learning about how to

Relationship Between Business And Society - 1836 Words

The relationships between both organisations in society and business corporations are very complex. Throughout time the relationship between both business and society has become increasingly essential in the success of any business. These relationships have been distinct in how the business needs to interact and integrate itself with civilization. Over time the relationship between the corporate world and society has grown stronger, and is even more vital to both business success and social benefit. With the constant changing of government policies, public expectations, technology and increasing ecological concerns, managers of organisations are facing the difficult challenge in producing economic results while at the same time having to†¦show more content†¦This responsibility is a duty of every corporate body to protect the interest of the external society, although the primary goal of business is to earn profit. Corporations need to take initiative towards the welfare of society and should perform its business within the boundaries of environmental norms. The concept of CSR is challenged by the idea that business corporations are no longer able to act as isolated economic entities that are operating separated from the external broader society. It is because of the adaption of CSR the relationship between business and society have gotten stronger over the years, but are still in a state of continual change. Each stakeholder has a unique relationship with a corporate organisation, and managers must respond accordingly. Shareholders have a vested interest in the corporation and majority of the time; have a ownership interest in the firm. In the exchange for investment, it is expected that the stakeholder will receive divided and as time passes, capital appreciation. The economic wealth and health of a corporation affects these stakeholder financial; many investing personal wealth or even retirement funds. Customer stakeholders are more interested in the gain of value and quality when purchasing goods and services. Employees, in exchange for work effort and time, would like to receiveShow MoreRelatedRelationship Between Business And Society2308 Words   |  10 PagesOver the past years, the relationship between business and society has changed significantly. These two systems have been evolving overtime and they are becoming more and more sophisticated. The society’s expectation i s getting higher everyday and the businesses have to develop some strategic plans to respond to that. In relate to that, the issue with stakeholder and the concept of stakeholder management also takes an important part. This essay will explain some of the things happened that createRead MoreRelationship Between Business And Society1842 Words   |  8 PagesRelationship between Business and Society The society is made up of different groups of stakeholders who affect or are affected by the actions of businesses, in different ways and different degrees; example includes but not limited to employees, customers, investors, suppliers, vendors, the government, etc. Due to increased competition in today’s market, business place high importance to maintaining good and lasting relationships with their stakeholders. To manage the interaction with these stakeholdersRead MoreThe Cadbury Case : Changing Nature Of Csr And Its Effect On Relationship Between Business And Society1453 Words   |  6 Pagesthe changing nature of CSR and its effect on relationship between business and society throughout history. In the first allegation, although the firm’s reputation was badly damaged, no action was taken. In modern time, under pressure from the media and civil society, Cadbury needs to adopt business ethics that go beyond economic responsibility and reach out for discretionary acts as certain duties and obligation in order to be a good ‘citizen’ of society. Defensive approach such as partnership withRead MoreThe Impact Of National Culture On The Administration And Hierarchical Conduct Of An Association Working1419 Words   |   6 Pages1. INTRODUCTION Business cultures vary from nation to nation because of the impact of its national society. The national culture is moulded by different variable rights from the beginning of that nation to the present day social changes. The social estimations of the countries have huge impact in the day to day life of individual and too in its cultural, economic, business and political environment. The effect of national culture on the administration and hierarchical conduct of an association workingRead MoreHofstede s Value Dimensions Of Culture870 Words   |  4 Pagesdifferent from each other, it has not interfere with their business cooperations and cultural exchanges. On the contrary, â€Å"more than a billion dollars of goods and services flow between two contries each day† ( Baden, 2013). What factors within the culture promoted such business cooperation between two countries? What factors could interfere with such intercultural exchange? This article will duscuss the similarities an d differences between two countries with the use of Hofstede’s value dimensionsRead MoreThe 4 Basic Models of the BGS Relationship Essay752 Words   |  4 Pages1. What is the business-government-society (BGS) field and what is its importance? 2. Explain the Four basic models of the BGS relationship Introduction: Business, government and society are fundamental in this world. Business satisfies human’s needs by providing them products and services in exchange for profit. Government is a structure and process in society that with authority makes and applies policies and rules. Society is a network of human relations composed of ideas, institutionsRead MoreThe Emergence Of Corporate Social Responsibility1619 Words   |  7 PagesThe emergence of corporate social responsibility (CSR) in business has beckoned on organisations to take responsibility for the impact of their operations on the society and environment. Business initial response to CSR as displayed by Milton Friedman in 1970 when he termed CSR programmes as hypocritical window dressing and that any business working towards such activity was exposing their firms to suicidal impulses (Friedman, 1970). This had been a general view by lots of CSR sceptics. But timeRead MoreThe Cultural Differences Of Adidas1336 Words   |  6 P agesdevelopments, legal and cultural requirements and the business environment are taken into account. In this section we will discuss about the cultural differences that Adidas has to consider to operate business in china moving from brazil. The chart below shows the comparison of the cultural dimensions according to Hofstede. Brazil to China: The Hofstede Dimensions of Culture PDI (Power Distance Index) - With a score of 69, Brazil reflects a society that believes hierarchy should be respected andRead MoreDutch Culture Compared to United Arab Emirates and Colombia1101 Words   |  5 Pagesreconcile dilemmas. Culture has a high influence in the process of doing business and managing. The main objective of this essay is exposing the main social differences between our host country, the Netherlands, and the two potential export destinations, the United Arab Emirates and Colombia. The main method used to discoverer the cultural differences is based on Parson’s five relational orientations. In terms of relationships and rules Dutch culture is highly universalistic, this means that the

Business Model Innovation Design Strategic - MyAssignmenthelp.com

Question: Discuss about the Business Model Innovation and Design Strategic. Answer: In the video, authors discussed the concept of strategy for organizations. In the video, author compares the strategy of organizations with the strategy at war front. Author argued that strategy is a very strong thing. It is important that organizations must have a high level strategy in place that could drive the tactics and objectives of various sub units in the organizations. It is also important that the strategy should be based on both internal and external environment of organizations. Sometimes without being aware of the laws or the regulations of the country in which their client is situated the vendor might be breaching the regulations of that country. For example, in the banking sector, it is regulated that banks are not allowed to send the customer data outside the country or share it with any third party. They are not allowed to save the data on the servers as well. So these issues are very important in order to save the companies from court cases and giving penalties. Cu stomers might or might not know about usage of their data by third parties. Sometimes there are two versions of data (Frana Broman, 2017). One would be the primary one which is stored inside the country but the other one is stored somewhere else maybe outside the country for the Disaster recovery or to protect in case of any emergency like floods, Hurricanes etc. The best way to deal with this situation is to tell the vendor about all the legal requirements of the company before finalizing the contract. It is also important to clear all the terms and condition upfront so as to keep the accountability in place in case of any breach or legal issues. A perfect example of organization operating in global environment is Apple Inc. Apple Inc. comes to mind as an example of an organization that is less open in some ways than others.The company is notorious for wanting to control every aspect of its production process to ensure its hardware and software are tightly integrated and its intellectual property is protected.Still, the company relies on outside organizations to manufacture its computers, cell phones, microprocessors, etc.And it clearly discharges its product back into the environment. It is suggested that Apple must have a high level strategy in place for all of its business units. Apple has various subsidiaries in the world and it is critical that all these subsidiaries should work under the high level strategies of Apple Inc. It is also recommended that Apple Inc. should have a system in place where it can continuously monitor its strategic development and strategic implementation at the organization level (Baranenko Dudi n, 2014). Business Model Innovation The video is a very interesting video that explains the use of innovation as part of business model. The video emphasises on the important connection of innovation with the business model. In this era of globalization, the organizations have expanded and they have realized that that innovation could be a source of competitive advantage. The role of innovation is to organize and develop an agile culture where leaders can focus on inclusive growth and development. The connection of innovation and business model should also include the discussion around conscious capitalism (Rainey, 2015). The ethics of conscious capitalism impact management and leadership at every decision because your focus becomes placing others before yourself. Conscious capitalism seems very parallel to how a team functions when they are on a mission trip in a foreign country. They value each other, they share the common purpose of providing care to others, they work together to overcome obstacles, and they always seem to have a greater impact that they ever imagined. It would be correct to say that business models of organization could be dynamic in nature. The business model that works today may not the preferred choice in future. Therefore, it is critical that the organizations must have an open system of innovation where they can continuously focus on innovation across their lines of business. Lets apply the business model and innovation on Dell Inc. The companies like Dell Inc. is benefited a lot with globalization. Dell, a premier Fortune 500 electronics services company, began over thirty years ago with an innovative 19 year-olds dream and $1,000.00 dollars. The company grew expediential becoming a Fortune 500 company in 1992. As any other organization, Dell progressed through the various life stage cycles of organizational growth and decline. Presently, Dell finds itself at the fourth stage of the organizational life cycle. In the fourth stage of the organizational life cycle, or the elaboration stage, companies have reached full maturation. However, at stage four stagnation can occur and to avoid decline, or even the death of the organization, revitalization is required. Companies experiencing stagnation between designs and environmental structures must realign internal processes to revitalize the competitiveness of the organization. Such is the case with Dell, Dell m ost likely reached stage four in the late 1990s after becoming a Fortune 500 company and generating $1 million in sales per day. However, in the early 2000s, Dells focus became maintaining market share and emphasis on innovation was lost. Dell began to experience decline. Dell, which had been made public, was repurchased by Michael Dell and Silver Lake Partners and focus returned to innovation and new product lines. Dells decision to return to its entrepreneurial roots is no mistake, it was necessary to realign the company with its markets and prevent further decline. Today, Dell has a strong presence in developing countries and this has been possible only with the focus on globalization. References Baranenko, S.P., Dudin, M.N., Lyasnikov, N.V. and Busygin, K.D., 2014. Use of environmental approach to innovation-oriented development of industrial enterprises. Frana, C.L., Broman, G., Robrt, K.H., Basile, G. and Trygg, L., 2017. An approach to business model innovation and design for strategic sustainable development.Journal of Cleaner Production,140, pp.155-166. Gallen. (2013). Business Model Innovation. YouTube. Retrieved 26 April 2017, from https://www.youtube.com/watch?v=B4ZSGQW0UMI Kryscynski, D. (2015). What is Strategy?. YouTube. Retrieved 26 April 2017, from https://www.youtube.com/watch?v=TD7WSLeQtVw Rainey, D.L., 2015. A Holistic Model for Linking Sustainability, Sustainable Development, and Strategic Innovation in the Context of Globalization. InHandbook of Research on Sustainable Development and Economics(pp. 222-247). IGI Global.

Market Sizing Case Interviews free essay sample

DRAFT MARKETING CASE INTERVIEWS 1. Frameworks 2. Market –sizing 3. New Product Launch 4. Competitive Defense 5. Key Measures 6. Advertising 7. Interview Questions CaseQuestions. com CQInteractive. com Frameworks Case questions have been popping up in marketing interviews for years. While there are many similarities between a consulting case interview and a case given in a marketing interview there are differences as well. I always tell the consulting students to stay away from â€Å"cookie-cutter† frameworks like the 5Ps and 5Cs, but in marketing interviews you are encouraged to employ them. To truly standout from your peers, it is best to incorporate the 5Ps into the overall structure and then to fill in your answer with concepts from the Ivy Case Methodâ„ ¢ found in Case in Point. You’ll find that out of the 12 Ivy Case scenarios you’ll most often use (i) entering a new market, (ii) developing a new product, (iii) pricing, and (iv) growth strategies. In marketing interviews as in consulting interviews the 5Ps are: Price, Product, Promotion, Placement and Packaging. We will write a custom essay sample on Market Sizing: Case Interviews or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The 5Cs, however; differ. In a consulting interview the 5 Cs are Cost, Competition, Channels, Company and Client while in marketing interviews the 5 Cs are Category, Company, Competitor, Consumer and Customer. On the following pages I have laid out some working structures for you to review. Keep in mind that these might vary depending on if the case is about a product or a service and what industry it belongs. MARKET-SIZING QUESTIONS Your answer should be based on logic and assumptions. Structure o Listen to the question, and then determine the type of case; population-based, household, individual or preposterous. Ask clarifying questions, only if you don’t understand the question or terminology. o Lay out your structure first, the steps you’ll need to answer the question, and then go back through it with the numbers. Assumptions o Don’t worry if your assumptions are off, the interviewer is more interested in your thought process than whether your assumptions are correct. If your assumpt ions are way off they will tell you, otherwise they’ll let it go. o Base your assumptions on some sort of logic otherwise the interviewer might press you on how you drew that conclusion. You can group several assumptions into one number (i. e. The 20% takes into account X, Y, and Z. ) Math o Estimate or round numbers off to make it easier for calculation. o Write all numbers down. NEW PRODUCT LAUNCH 1. Customer needs †¢ Do customers want or need this product? †¢ Benefits to the consumer 2. Segmenting the market †¢ Market-sizing – how big is the market? o Market growth rate (past, present and future forecast) †¢ Competition and substitutions o Who are the competitors and what is their market share? How do their products and services differ from ours? o Will they launch a competitive response? †¢ Determine strategic opening o Entering the market ? Start from scratch, buy your way in, or strategic alliance o Barriers to entry ? Government regulations, access to distribution channels, access to capital, access to raw materials 3. Choose target †¢ ID heavy users o Why would they be interested in this product? 4. Positioning †¢ Differentiate – how different is it from the competition? 5. 4Ps †¢ Product – Why is it good, what’s our niche? How is it packaged? †¢ Price – competitive analysis; cost-based pricing; price-based costing (what is the customer willing to pay for it) †¢ Place – distribution channels †¢ Promotion – how best to market 6. Evaluate financials †¢ Do we have the funding we need to launch and support this product? To launch or not to launch – make a decision COMPETITIVE DEFENSE Assess the threatening product †¢ How similar is it to our product? o Does it do a better job meeting the customer’s needs? o What are its strengths and weaknesses? o What kind of market share can it expect? Curiosity – will it last? ? Will it cannibalize our sales or will it steal sales from another competitor instead? What kind of resources does it have behind it? †¢ Parent company – large or small o How committed is it to this division or product? †¢ Introduction strategy o Major marketing campaign o Incentive discounts ? 2 for 1 offer ? Low interest financing Defense strategies Defense strategies will differ depending on product or services offered. Below are a few well-tested ideas that you should think about to determine if they are appropriate for that particular case. pic] 5 Ps †¢ Pricing – can you adjust your price to maintain or even gain market share and profitability †¢ Product – can we upgrade our product or options offered? How long will it take and at what cost? Will it canalize existing products? †¢ Promotion – reinforce brand with advertising, promotions and PR †¢ Place – increase exposure within current distribution channels as well as increase number of channels †¢ Packaging – can you improve or update your packaging? KEY MEASURES In these cases the main key measures are market-share, sales and profits. If you are given a case with an existing product, identify where that product is in its life cycle emerging, growth, maturing or declining. Things to consider: †¢ If market-share is constant but sales are flat, that could indicate industry sales are flat and your competitors are experiencing the same problem. †¢ If market share declines, and it is determined that market share is more important than profits then consider lowering price; if not, then upgrade the product, increase promotions and expand distribution channels. If your case includes a decline-in-sales problem, analyze these three things: o Overall declining market demand (soda sales have dropped as bottled water sales climb) o The current marketplace might be mature or your product might be obsolete (CDs gives way to digital) o Loss of market-share due to substitutions (Netflix DVD rentals gives way to Internet downloads, Pay-per-View, DVD purchases, and competitors entering their market such as Blockbuster. †¢ If sales and market-share are increasing, but profits are declining, then you need to investigate whether prices are dropping and/or costs are climbing. However, if costs aren’t the issue, then investigate product mix, and check to see if the margins have changed. †¢ If profits are declining because of a drop in revenues, concentrate on marketing and distribution issues †¢ If profits are declining because of rising expenses, concentrate on operational and financial issues †¢ If profits are declining, yet revenues went up, review: o changes in costs; o any additional expenses; o changes in prices; o the product mix; or o changes in customer needs. If a product is in its emerging growth stage, concentrate on RD, competition, and pricing †¢ If a product is in its growth stage, emphasize marketing and competition †¢ If a product is in its mature stage, focus on manufacturing, costs and competition †¢ If a product is in its declining stage, determine the strength of the brand then define niche market(s), analyze the competition’s play, grow category, maintain at more profitable levels or think exit strategy o Can this product be reinvented or changed to meet new consumer needs? Can this product be produced at a lower cost? o Can this product have new uses? o Can new distribution channels be created? Advertising Determine media strategy. Combination of any of the following: Print Newspapers, magazines, bill boards, flyers, direct mail and catalogs The purpose of the print advertisement is to build brand, create an image, generate exposure and drive traffic your website and stores. Web Website, adwords, sponsored links, links, product placement in virtual worlds, social networking campaigns and You Tube. The purpose of web ads is to build brand, create an image, generate exposure, provide information and make sales. TV Film Cable, network, iTV. Ads and product placement The purpose of TV ads is to build brand, create an image, generate exposure and drive traffic your website and stores. Promotions and sponsorships Promotions generate sales by giving the consumer a chance to use the product either at discount or through use of a small test sample. Sponsorships are used to enhance name recognition and to build good will. Common marketing interview questions 1. How would you develop and introduce a new product? 2. There are two ideas in the company pipeline, which one would you choose? 3. Critique this ad. 4. Define a successful ad. 5. Your competition is attacking your product, how would you respond? 6. Give me an example of good marketing. Q1: How many Sky Mall magazines are printed every year for domestic airlines? As marketing manager for Sky Mall how would you increase revenues? †¢ Distribute in airports o More down time Access to phone and internet o Impulse buy Q2 You have just taken over as the brand manager for a product whose sales have been flat for the last three years. However, despite flat sales your product went from having 25% of the market to recently having 40% of the market. What’s going on and what would you do about it? ?[P=(R-C)*V]? If sales are flat, but your market share is growing then it probably means that the product’s category is shrinking. Why is it sh rinking? †¢ Is your product obsolete? Is there a new type of product or a substitution that is stealing customers? †¢ Have any competitors left the market? †¢ Have there been any mergers? Solutions: Are there any new ways to use the product? Offer new products in another category that leverages your brand. Can you change or alter the product to bring it up to date? Can you encourage existing customers to use more of your product? Can you make your product â€Å"hip† again? Can you go after new markets? †¢ Demographic †¢ Geographic [pic]