Essay on Serial Killer Profiling - 2183 Words

Just as insight into the mind of the artist may be gained by examining and comparing the progression of his work, so knowledge of the mind of the serial killer can be ascertained by an examination of his canvas: The murder scene. Forensic profiling is the attempt to do just that. An investigator tries to discern information about the killer based on the information at the crime scene, deducing information about the cause from the effect. This is not an exact science, and has been often likened to an art. It is the goal of this work to provide the reader with a basic understanding of the function and application of forensic psychology, as well as an explication of some of its strengths and weaknesses. Profiling itself has been in use†¦show more content†¦Firstly, the assumption is that behavior will match personality, and the crime scene will therefore contain information about the inner workings of the killer’s mind. Is the killer meticulous or chaotic? What motives does the killer hold? Applied properly, this allows investigators to narrow down the suspect pool. As stated earlier, however, this should not be applied to the exclusion of all other information. A second assumption made is that the method of operation will remain similar. This is not to say that the killer may refine their methods or change in severity, but as the killer progresses, the chosen M.O. will be recognizable. Weapon choice, for instance, or victimology will retain similar traits throughout each killing. This allows investigators to be sure that crime scenes are the product of the same killer. The third assumption upon which profiling relies is the idea that the serial killer’s signature will remain the same. A signature is the â€Å"unique manner in which he or she commits crimes† (Holmes, 1998, p. 180). This is not to be confused with the method of operation. The distinction is in the unique nature of the signature. The method of operation is not unique to a particular killer who, say, attacks prostitutes. However, if said killer were to shave the head of each victim and tattoo her scalp, then that would be his signature. Likewise, a killer who consistently removes a particular body part would be said to have that as aShow MoreRelatedThe Process of Criminal Profiling as it Pertains to Serial Killers1224 Words   |  5 Pagescriminal profiling as it pertains to serial killers is extremely interesting and much more common than one would first think. This study deals with the research into the developmental and psychological approaches to serial killers . In the process of studying these offenders, researchers have discovered that crime scene manifestations of behavioral patterns enabled the investigators to discover much about the offender (Jones The Process of Criminal Profiling When Applied To A Serial Killer 1). MostRead MoreThe Forensic Science of Criminal Profiling Essay1436 Words   |  6 PagesThe Forensic Science of Criminal Profiling Profiling: an invaluable tool for catching criminals and killers. Profiling is a relatively new approach to crime solving, put in place by forensic psychiatrists. Criminal profiling is the process by which a practitioner analyses information from a crime scene in order to create physical and psychological profile of the perpetrator. All information from a crime scene is a reflection of the criminals behavior. And this behavior can create a surprisinglyRead MoreWhat Makes A Person A Serial Killer? Essay1591 Words   |  7 PagesWhat makes a person a Serial Killer?How are serial killers caused? Serial Killers are people who kill at least 3 people in separate events with a very little cooling off period between each kill. The kills are performed in a unique fashion and the the serial killer has something that they are known for called a signature.Serial Killers are frightening psychopaths because they don t show human emotions-empathy, conscience, or remorse.What makes a se rial killer different then regular peopleRead MoreWhy the People Are Interested in Serial Killers Essays1218 Words   |  5 PagesSerial Killers Serial killers have struck fear in the hearts of people, yet the public remains fascinated and intrigued by the crimes perpetrated by these individuals. There are several theories and factors that have been attributed to serial killers in an attempt to explain their behaviors. Furthermore, by indentifying the behaviors that are exhibited by serial killers, law enforcement professionals are able to gather information about these serial killers that will assist in the apprehension ofRead MoreInside the Mind of a Serial Killer Essays1049 Words   |  5 PagesMen and Women Serial Killers Barbie Sharp Psy 250 A02 Dr. Toby Arquette Argosy University Abstract What are underling factors that contribute to the psychological profile of men and women serial killers? This paper examines scientific and meta-analysis studies of men and women serial killers in an attempt to identify some of these factors. By investigating psychological theories involving men and women serial killers mentalRead MoreCriminal Profiling And Racial Profiling1373 Words   |  6 PagesCriminal Profiling and Racial Profiling. Criminal profiling has been around since the 1880’s, and up to this day, that method still has not had a great success rate. Also, racial profiling has not had a great success rate either through the years. At times, innocent people get detained and charged with crimes that they never committed due to matching the characteristics of other suspects. In other words, creating assumptions that will narrow down a suspect is just not the best method to utilizeRead MoreThe Future of Psychological Profiling1658 Words   |  7 PagesThe Future of Psychological Profiling CJ430-01: Psychological Profiling Professor William Formby Kaplan University May 18, 2012 The purpose of this paper is to provide an assessment of psychological profiling as an investigative tool for the future. The paper will try to focus on what happens if profiles are developed that have not accurately portrayed the apprehended. Additionally this paper will be reviewing the Baton Rouge Serial Killer and The Unabomer cases in order to answer additionalRead MoreEssay about Issues In Psychological Profiling1329 Words   |  6 PagesIssues In Psychological Profiling Historically, crime and criminals have always caught the attention of law-abiding citizens. Whenever there is mention of serial killers or unsolved murders or abductions, psychological profiling, floats to the top of the list of concerns (Egger, 1999). Psychological profiling is an attempt to provide investigators with more information about an offender who has not yet been identified (Egger, 1999). Its purpose is to develop a behavioral composite that combinesRead MoreProfiling is a Necessary Means for Discovering and Apprehending Criminals1197 Words   |  5 Pagesthat profiling is a necessary means for discovering and apprehending criminals. There are many different types of profiling and many people think of profiling differently; however, all types of profiling does work and is proven to help stop crime. This paper will explore the following: profiling and different forms of it, the closely related stop and frisk policy, different cities that have proven statistics that profili ng does work, how airports are now profiling, and different serial killers thatRead MoreCriminal Profiling, A Powerful Tool Essay1200 Words   |  5 PagesCriminal profiling can be a rather useful tool for criminal investigators of all kinds. Many departments use profiling to catch terrorists, gangs, cyber-crimes, counter intelligence, white collar crimes, and most of all serial killers. How criminal profiling works is by looking at the behavior of the criminal to gain insight into his or her personality. A doctor does the same thing when looking at symptoms to diagnose a certain disease. Being able to understand this person’s personality leads you

Gun Control Of The United States - 853 Words

In last time, our live characterized the problems not only in the political, social and economic spheres, but also criminal sphere. Crime in the United States remains one of the main problems of the country. Every year, 6 million Americans become a victims of crime, murders occur every 24 minutes, rape occur every 5 minutes, robbery occur every 54 seconds. Life becomes dangerous and we need to be able to protect your family by yourself, your business, your property. Therefore so many people thinking about to buys guns and to have guns at home. In addition, the gun is freedom. We live in a free country. And a free people should be able to have a gun. Although some argue that â€Å"Guns should be banned in the United States.† I disagree with this statement. I against banning guns, for three reason: the possibility to defend of sexual abuse, self-defense, defense of their children or property and legal gun ownership reduces crime. The first reason is the possibility to defend of sexual abuse. Sexual violence has always been a problem of society. The society is strong have ideology of male supremacy. For this reason, the man think that he always has the right to have sex, but if a woman to refuse an offer him, he may use physical force to obtain sex. Often, a man can be stopped only when the use of a gun woman. Many women die from violence from men. According to Gary Kleck from The Journal of Criminal Law and Criminology, â€Å"As many as 200 000 women use a gun every year to defendShow MoreRelatedGun Control Of The United States1698 Words   |  7 Pagesshootings that has happened throughout the Unites States has created a great divide among Americans on what should our nation do to prevent further shootings from happening. Many people believe that forcing new laws on how people purchase weapons should require background checks. Gun Control in the United States of America is a topic that has had lots of criticism and support by many citizens. The critica l people of this topic believe that the guns do not kill people, it is the people that kill peopleRead MoreGun Control And The United States1569 Words   |  7 PagesIn the United States gun control is a big controversy that has been blown out of proportion the last few years. Anything that has to do with guns in the news, reporters say it is the guns fault. Gun control laws are being changed and morphed for the new society that we live in today. What gun control really means is a group of laws to control the selling and use of guns.(1). Statistics have proven that most people want more control on guns. Many surveys have shown that the benefits of gun controlRead MoreGun Control Of The United States Essay1412 Words   |  6 PagesGun Control Proposal Gun control is a highly controversial topic in the United States. There are many people who are for gun control - people who want to have stricter laws to make it so criminals and other dangerous people can’t obtain a firearm. But, there are also the people who disagree with gun control laws and believe there should be a more lenient gun control to help people defend themselves during risky situations. Many gun control laws have been passed for many years. While many have beenRead MoreGun Control And The United States929 Words   |  4 PagesGun control has been a debated, revisited and revised issue for more than a century in the United States. Recently, after several mass shootings in the United States, gun violence issues are; yet again, renewed and in the forefront for the United States. This paper will consist of insight on gun violence in the United States and the newly imposed gun control policies by President Obama; along with, the arguments for and against the new policies and what roles both the formal and informal actorsRead MoreGun Control Of The United States1166 Words   |  5 PagesSince America’s birth, guns have played a large part in it’s society. Citizens of the United States have used firearms to protect the land they love, and their families. They even use them for engaging activities such as hunting and sport. Though firearms may seem to have a commonplace in society, weighing the rights and liberties of citizens against the safety and welfare of the public has always been a delicate process. In the United States, gun control is a of heated issue that has two sides.Read MoreGun Control And The United States988 Words   |  4 PagesGun Control Reassessment in the United States Imagine this: you are in World History class at your high school almost falling asleep learning about Ancient China. It is a normal day for you and your classmates, until you hear an announcement from the principal. You expect the typical lockdown drill, but this situation is far from typical. A man with a gun breaks into your school. BANG! Several of your classmates are killed before this man can be controlled. You survive, but live the rest of yourRead MoreGun Control Of The United States1704 Words   |  7 Pagesshootings that has happened all through the Unites States has made an great divide among Americans on what ought our country do to keep further shootings from happening. Numerous individuals trust that forcing new laws on how people buy weapons should require background verifications. Gun Control in the United States of America is a topic that has had lots of criticism and support by numerous citizens. The critical people of this topic trust that the guns don t murder peo ple, is that people kill peopleRead MoreGun Control in the United States1306 Words   |  6 Pages Gun Control in the United States has gone out of control. The United States should enforce laws to not allow any guns in a house hold in order to reduce violence and crime in the country. Reducing the rate of crime in the United States, controlling big weapons, taxing ammunition, and gun collection can help make this happen. Gun Control can make this country a safer environment to live in. Gun Control has obviously gone out of control in the recent years. Look around, they are everywhere. ReducingRead MoreGun Control And The United States1435 Words   |  6 PagesGun Control For gun control, there should be some requirements for the people to take in order to own a gun for themselves. Throughout the United States, gun control should allow people to still have guns; however, the citizens should go through some changes to ensure safety throughout the nation. Gun control has given some helpful ideals before that would help the people understand the responsibilities of their guns. They want to make sure that these laws maintain to progress as a better solutionRead MoreGun Control And The United States886 Words   |  4 PagesGun Control in the United States On December 14, 2012, a gunman walked into Sandy Hook Elementary in Newtown, Connecticut, and killed 20 children and six adults. This tragedy shook the nation and made Americans wonder, how could this have been prevented? Recently published research suggests mass shootings are becoming more common in the United States. Harvard University researchers said in October 2014 that a mass shooting has occurred every 64 days, on average, since 2011, compared with every

Entrepreneurship Difficulties in Business World

Question: Discuss about the Entrepreneurship Difficulties in Business World. Answer: Entrepreneurship Difficulties Entrepreneurship is today not a new word in the business world. With its roots in late 1700s, the modernisation of economic scenarios have given this term a large gamut of interpretations. Like according to the definition given by learned economists, the entrepreneur is somebody who undertakes the organization, managing and assuming the risk of any business. The entrepreneurship is the procedure of learning new methods of relating resources so that the set goals for the business endeavour are met. The success of entrepreneurship is determined when the market value produced by this new arrangement of resources is larger than the individual market value of these resources or the market value they can create in some other arrangement (Sobel, 2001). There are several concepts, theories and impacts of entrepreneurship on the economy and society at large. Here we would attempt to discuss some relevant concepts to understand how the entrepreneurs are driving the changes in both social and economic scenarios, some basic theories related to entrepreneurship, difference between enterprise, innovation and invention and we would discuss and evaluate the role of innovation, invention and intervention in entrepreneurship. We would also delve into the evaluation of the complexity and importance of entrepreneurship in economy and society. The history of concepts of entrepreneurship and their relevance today Historically the concept of entrepreneurship was first recognized in 1700s and since then it has evolved to a great extent. In a lay mans term, it could simply means starting ones own business, however, there are numerous aspects and concepts of entrepreneurship. The word itself has origin in French (Sobel, 2001). In 1723, the word entrepreneur was used to suggest abilities of initiative, leadership and innovation in any original endeavour enterprise. Robert Reich a renowned Economist gave necessary characteristics of entrepreneur as leadership, team-building and management skills (Crainer and Dearlove, 2000). The study done by Richard Cantillon and Adam Smith somewhere in late 17th and early 18th centuries lays foundation of the formal theories of entrepreneurship. The wind of changes brought in by the drive of an entrepreneurs for greater improvement and innovation was studied by Joseph Schumpeter (1883-1950), an economist. According to him entrepreneurship was a creative destruction force as the entrepreneur brings on vision new combinations, in this manner aiding reduction of the old industries to absolutely out-of-date. In a way, the conventional methods of undertaking business are demolished by the conception of fresh and enhanced methods. As per Peter Drucker (1909-2005) an expert on business the entrepreneur is a person who constantly and essentially quests for change in the established traditional business ways, responds to it when he finds them and further exploits these change as an opportunity to ensure success of his venture (Doh-Victor, 2015). Some of the elementary characteristics and concepts of entrepreneurship are essentially related to the emergent an idea of whatever an enterprise must be like and then implementing that idea by transforming it into actual phases and taking it to the finish line. The involvement of entrepreneurs in constructing and modelling their businesses is absolute, however, the success of the endeavour is also influenced by accepting the personal limits so that they can be surpassed by evolving systems and strategies. Along with zeal of innovation, quest for making a unique mark for themselves in the society and love for autonomy and freedom, some of the important traits for entrepreneurship includes way of thinking and behaving. They are risk takers, however they prefer to take deliberate and measured risks. Entrepreneurs tend to stake personal reputations, money and time to manifest their visions. They also possess ability to take fiscal responsibility, have a concrete intelligence of how to p romote and manage funds. They are generally creativity people as opening a business is a creative endeavour. What begins with only theorizing of a product or service is creatively build up by entrepreneur into an actual and applied infrastructure with ability to withstand and supply that product or service. Also, they possess sound management skills, with vision and modesty to outline their own part in business processes and right interpersonal skills to effectively delegate other jobs to the people (Gartenstein, no date). The main features of economic and non-economic theories of the role and function of the entrepreneur There are several available theories in the economic and non-economic categories related to the roles played by entrepreneurs in economy as well as society. One of the famous theory is the theory given by Casson (2005), who suggests that though there is no conventional economic theory of the entrepreneur as the traditional economic theory makes numerous assumptions. In order to explain the phenomenon concerning the success or failure of an enterprise a formal theory of the entrepreneur is required. This explains the process of creation and growth of business, growth and development of economy and distribution of income. It is also important to note the role played by the entrepreneurs is noteworthy as generally they bring about changes in the entire industry. The economic theory of the entrepreneur successfully takes into account the rationale of failure as well as success of the endeavour. In the field of theoretical economic dynamics, trade cycles and competitive procedures the the ory of the purpose of the entrepreneur proves to be of utmost importance. Casson (2005) elaborated two modernizations of economic theory. Firstly, that the entrepreneur follows the foundation of the exclusive information accessible to him regarding the different people have varied choices and access to information and secondly, the entrepreneur time and again have to generate market associations as organising markets have their own intrinsic difficulties or transaction costs. Economic theory of entrepreneurship basically congregates functional and symbolic characterizations of the entrepreneur. Also the economic theory of entrepreneurship depicts an entrepreneur as a person with expertise in taking critical resolutions about the management of limited resources. The significant notion for economic theory is management also better understood as dynamic complement of distribution using the instruments of contract and conjecture. Negotiating need to meet to the symmetry, thus the valuation of entrepreneur of current scenarios is vital toward prompting when, where, and how the coordination has to take place. With the help of greater coordination, the uncertainty faced by entrepreneur is somehow reduced by assurance and conjecture. The entrepreneurial coordination is at all times limited as it occupies merely a minor segment of the economy. Though this limited coordination is constant but the total reliability cannot be assured. The economic theory of the entrepreneur is associated to the theory of the market creation enterprise, which is generated by entrepreneur himself. The market internalisation is sorted to reduce the transaction costs which incur in the activities like market-making. The entrepreneur can adopt the utilization of profitable information upon which his greater decisions are founded. The financial prudence of central control, which can be deputized can be accredited to the internalization of the market. Due to their faith in higher knowledge about the market the entrepreneurs assume hard-line bargaining strategies thus affecting the market economy of the product or services they are producing. They often take assistance of their family and friends for labour, capital and information and create new enterprise by successfully recognising the present opportunities. They also trust that self-employment is best way to utilize the given opportunities. Even the market assigns verdict conclusions for the entrepreneurs and act exclusively (Casson, 2005). There are several other economic theories of entrepreneurship are given by Leibenstein, Hayek and Kirzner, Knight, Schumpeter, and Andrews and Penrose. Some of the non-economic theories of entrepreneurship includes the resource-based theories whose emphasis is on the method adopted by entrepreneurs to control diverse kinds of resources to get their commercial labours to succeed. The limited capital makes it difficult for the entrepreneurs to begin their venture with scare resources. The use of social connections and human resources are some other kinds of resources that the entrepreneurs control to gain their objectives. Also the use of their education and information accessible to them helps them to start their enterprise. Also the intangible resources like leadership, business expertise and innovation helps the entrepreneurs. The psychological theories of entrepreneurship emphasis on the people and their mental or emotional features that determine the entrepreneurial efforts they could undertake (Bridge O'Neill, 2012). A renowned psychologist David McCLelland, a professor at Harvard suggest that the entrepreneurs have a necessity for accomplishment that motivates their action. Another professor at the University of Connecticut Julian Rotter, offered that the people with a strong internal locus of control trust that their work can affect the external world and studies advocates that maximum entrepreneurs have this characteristic. Another important non-economic theory of entrepreneurship is the sociological or anthropological theory which focus on the numerous social backgrounds that empower the prospects that are used by the entrepreneurs. A George Washington University professor Paul D. Reynolds, suggests four such backgrounds namely the social links, a longing for a significant life, cultural identification and social-political surrounding influences. The anthropological theory attempts to see entrepreneurship in context of culture. It examines the cultural drives like social outlooks which determine the insight of entrepreneurship and the behaviours of entrepreneurs. The opportunity-based theory given by professor, business management author and corporate consultant, Peter Drucker that entrepreneurs outshine at recognising and utilizing the benefit of opportunities formed by technological, social and cultural changes (Dontigney, no date). The complexity and importance of entrepreneurship in economy and society The researches in the economic aspects of the entrepreneurship gives a precise connection between views of entrepreneurship, economic growth and production undertakings (Baumol, 1990). This importance is primarily because of the assumption that the entrepreneurs are major job creators and contributor to the economic growth. Since this opinion is common among various politicians, economists and substantial fragment of society, that is the reason many countries on national level are encouraging the development of entrepreneurial movements (Wiklund et al., 2011). The researchers also suggest that the establishing of the prominence of formation, improvement and employment of public strategies can encourage the level of entrepreneurial movement in a particular region or country. With regards to the OECD countries (OECD, 1998), which have developing economies and are affected by low production, joblessness and social inequality complications deliberated to use the concepts of entrepreneurs hip to minimize these issues. Historically as well as in the modern world of today, the influence made by various entrepreneurs is remarkable. They have affected not only industry trends and economies but the societies as well. With the prime aim at heart to create a flourishing and wealthy business entrepreneur have created various success stories to be admired like those of Bill Gates, Henry Ford, Mark Zuckerberg, etc. They not only managed to make public wealth and personal fortune but also aided the entire society to grow and advance with their inventive products. The endeavours of this undertaking effect in bonuses for the entire society, even while these might not be the initial part of entrepreneurs goals. For example, the entrepreneurial ensure of Mark Zuckerberg, Facebook has not only made him successful but have also created value for the society by bringing people together across the globe. People in general benefit from superior goods and services while the venture capit alists, shareholders, and lenders gains profit by achieving interests and returns on investments by the success of the entrepreneurs venture. Generation of employment helps society at large by reducing unemployment, helping employees attain means of earning income and achieving personal goals along with the growth and success of the business. This intron increases the purchasing powers among the people and increases potential customer base for the products and services of the business of the entrepreneurs. Since the entrepreneurship has a very dynamic nature, after achieving its initial goals entrepreneurs tends to search for new goals to achieve and improve the society at large (Carraher, 2014). Thus the connection between societal advancement and increase in entrepreneurship are highly correlated. The operations of the entrepreneurial ventures are part of todays society and both have a complementary and supportive influence on each other. Therefore, as both perceptions of entrepre neurship and society are dynamic in nature, along with evolving changes in the society the part played by the entrepreneurship also alterations with it (Shahidi, 2008). Conclusion While studying about the evolution and various theories about the entrepreneurship, it is very much evident that like every aspect of business, entrepreneurship is also dynamic and progressively changing. There has been significant increase in various initiatives taken by many countries in recent times regarding promoting entrepreneurship in their quest to increase employment, decrease imports, strengthen their economies and create value addition for society at large. In terms of innovation we could say that it is basically consequence of the combination of an inventive procedure and an entrepreneurial procedure with an aim to make a new economic worth for definite participants. As it is said Innovation = Invention + Implementation, it possesses an inherent duality. Innovation is possible when there is actual implementation of the novel ideas. Thus though innovation is a single word but contains two separate procedures. First invention, involving combinations of knowledge and creativity, and second the entrepreneurship, which in turn is a combination of three main activities, namely evaluation of opportunity, psychological commitment and execution organization (Hindle, 2009). Thus it can be said that entrepreneurship is not an act in isolation but have far more consequences then initially perceived even by the entrepreneur himself. The dynamic nature of this form of business is characterised by its influence on the society, economy as well as the market trends. The entrepreneurship could be difficult to manage because there could be number of stakeholders involved. A true entrepreneur is a true leader who can actually address the expectations of different stakeholders (Bridge O'Neill, 2012). Therefore, it is important that the entrepreneur should have the vision to achieve the desired goals and objectives. It is also important that this vision should be shared with various important stakeholders. References Baumol, W.J. (1990) Entrepreneurship: Productive, unproductive, and destructive, Journal of Political Economy, 98(5, Part 1), pp. 893921. doi: 10.1086/261712. Bridge, S. and O'Neill, K., 2012.Understanding enterprise: entrepreneurship and small business. Palgrave Macmillan. Carraher, S. (2014) Leadership, entrepreneurship, and suggestions for future research, Journal of Management History, 20(1). doi: 10.1108/jmh-08-2013-0038. Casson, M. (2005) The entrepreneur: An economic theory. 2nd edn. Cheltenham, UK: Edward Elgar Publishing. Crainer, S. and Dearlove, D. (2000) Generation entrepreneur: Shape todays business reality, create tomorrows wealth, do your own thing. London: Financial Times Prentice Hall. Doh-Victor, G. (2015) The concept of entrepreneurship. Available at: https://www.linkedin.com/pulse/concept-entrepreneurship-godwin-doh-victor (Accessed: 9 August 2016). Dontigney, E. (no date) What are the theories of entrepreneurship? Available at: https://yourbusiness.azcentral.com/theories-entrepreneurship-23795.html (Accessed: 9 August 2016). Gartenstein, D. (no date) What are the basic concepts characteristics of entrepreneurship? Available at: https://yourbusiness.azcentral.com/basic-concepts-characteristics-entrepreneurship-3804.html (Accessed: 9 August 2016). Hindle, K. (2009) The relationship between innovation and entrepreneurship: Easy definition, hard policy. Available at: https://kevinhindle.com/publications/J4.2009-AGSE-Hindle-Inn-Ent-Pol.pdf (Accessed: 9 August 2016). OECD (1998) OECD Observer, 1998(1). doi: 10.1787/observer-v1998-1-en. Shahidi, M. (2008) The challenges of entrepreneurship in dynamic society, Central Asia Business, 1(1), pp. 3445. Sobel, R.S. (2001) Entrepreneurship. Available at: https://www.econlib.org/library/Enc/Entrepreneurship.html (Accessed: 8 August 2016). Wiklund, J., Davidsson, P., Audretsch, D.B. and Karlsson, C. (2011) The future of entrepreneurship research, Entrepreneurship Theory and Practice, 35(1), pp. 19. doi: 10.1111/j.1540-6520.2010.00420.x.

International Management Current Event

The airline industry Globalization, technological changes, stiff competition, innovation, and changes in customer preferences are instrumental to the current dynamic trends being observed in all industries across the globe. These factors determine the performance of an organization in competitive markets. The airline industry for example confirms how these factors have contributed to its growth. Many recent changes have occurred in this industry.Advertising We will write a custom essay sample on International Management Current Event specifically for you for only $16.05 $11/page Learn More New technologies, products and services, mergers and new innovations among others are common in the competitive airline industry. Just like in other business industries, companies in the airline industry compete for a larger market share and growth in order to obtain a competitive edge in the industry. In the recent past, the airline industry has been affected by a red uction in demand and the sharp increase of fuel prices. Many corporations are turning to low cost operating and differentiation strategies to gain a competitive edge. International (Business related) Current Event online In reference to the 7th October, 2013 BBC news, Airbus, a leader in aircraft manufacturing announced its deal with Japanese airlines. Airbus manufactures A350 planes. This aircraft manufacturing giant won the order for 31 (A350) planes worth approximately $9.5 billion (â€Å"BBC Business News† par. 1). The Japanese company also has a plan of buying an extra 25 (A350) planes from the same company. Airbus made this strategic move in order to lessen the competitive pressure from Boeing, which is its closest competitor in the region (â€Å"BBC Business News† par. 3). If the deal is to be confirmed, Boeing will be adversely affected because they have dominated the Japanese aviation industry for many years. Boeing was also hit by technical and safety issues a few months ago (â€Å"BBC Business News† par. 2). Identify Global/Regional Economic Implications, and write Your Judgment: Opportunity or Threat for Region/Corporation? Why? Airbus and Japan Airlines (JAL) landmark $ 9.5 billion deal has a great effect on the regional economic growth of Japan (â€Å"BBC Business News† par. 8). With the two aircraft manufacturing giants operating in the region, it is obvious that the region’s economic growth will improve. This is because more jobs will be created leading to improved living standards. Infrastructure will also be improved and the government of Japan will maximize on its revenue collections. All these factors are instrumental in the economic growth of Japan. As aforementioned, Boeing will receive a blow from Airbus its competitor because its market share will be reduced after the deal is confirmed. Airbus will increase its market share, sales, profits, and revenue considering that its competitor had previously dom inated the aviation market in Japan. The competition of these two aircraft manufacturing giants has a lot of benefits for the region. It will lead to reduced fare prices, more innovation than before, differentiation, and good customer relations among others. All these confirm that there will be improvements, and hence lead to the region’s economic growth.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Japan Airlines which is the purchaser will also earn extra profits because the (A350) Planes are cost effective. The aircrafts are much more fuel efficient than Boeing manufactured planes. This factor will make it possible for the demand of the planes to increase. Considering that these aircrafts are more fuel efficient than the previous models, Japan Airlines will cut on costs and maximize on profits. It will also be able to reduce the fare prices, and hence attract and retain more cu stomers than before. The customers will also benefit because their expenses will reduce. Considering that they used to pay more than what they will be charged; they will be able to save some money for other purposes. This will enhance their living standards. All these factors confirm that the move will lead to a growth in the economy of the region. Works Cited BBC Business News. Airbus and Japan Airlines agree landmark $9.5bn deal. 7 October 2013. Web. This essay on International Management Current Event was written and submitted by user Midnight 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. International Management Current Event