The Rise and Fall of the Internet Bubble - Free Essay Example

Sample details Pages: 10 Words: 2932 Downloads: 1 Date added: 2017/06/26 Category Information Systems Essay Type Argumentative essay Did you like this example? The Rise and Fall of the Internet Bubble Introduction What was the Internet bubble? à ¢Ã¢â€š ¬Ã…“A bubble occurs when investors put so much demand on a stock that they drive the price beyond any accurate or rational reflection of its actual worth, which should be determined by the performance of the underlying companyà ¢Ã¢â€š ¬Ã‚  (Beattie, 2014). The Internet bubble was the boom in the share prices of stocks of the dot-com companies (Folger, 2011). The dot-com companies offered goods and services for free at first because they expected to build enough brand awareness to gain revenue off their services in the future. The Internet companies reflected the business-to-consumer, consumer-to-business, and consumer-to-consumer aspects of e-commerce. à ¢Ã¢â€š ¬Ã…“Business-to-consumer is an e-commerce model in which businesses sell to individual shoppersà ¢Ã¢â€š ¬Ã‚  (Turban, King, Lang, 2011a, p. 8). à ¢Ã¢â€š ¬Ã…“Consumer-to-business is an e-commerce model in which individuals use the Internet to sell products or services to organizations or individuals who seek sellers to bid on products or services they needà ¢Ã¢â€š ¬Ã‚  (Turban et al., 2011a, p. 9). à ¢Ã¢â€š ¬Ã…“Consumer-to-consumer is an e-commerce model in which consumers sell directly to other consumersà ¢Ã¢â€š ¬Ã‚  (Turban et al., 2011a, p. 9). In the 1990s, the impact of technological devices driven from the e-commerce occurring on the dot-com companiesà ¢Ã¢â€š ¬Ã¢â€ž ¢ websites was opening the eyes of many investors. The investors were seeing the return from their investments because of the desire for e-commerce websites bringing the world closer than ever at the time with social media sites, online travel agencies, and online department stores. However, investors were pricing shares beyond the performance level of these new Internet companies, and companies invested in technology will go as far as they can to stay on top and sometimes that can be too far. In vestors would see a sudden crash by 1999 that would ruin several Internet companies for good. This would be known as the rise and fall of the Internet bubble. I will first give a briefing on the rise of the Internet bubble because it is important to be informed on that aspect before a person can understand the significance of the fall of the Internet bubble. I will then inform you on what happened during the fall of the Internet bubble. It is also important to be informed on why this fall of the Internet bubble occurred. I will refer to some preventative actions that could have been taken to stop the unsafe surge of valuation of the Internet companies. I will report on the companies that survived after the fall of the Internet bubble, and the companies that have diminished because of the fall of the Internet bubble. My goal is for you to understand how important the fall of the Internet bubble was because of how it affected the future of many Internet companies that we are famili ar with today. The Rise of the Internet Bubble In the 1990s, the world was able to use technology that would allow people to shop, communicate, and receive news without having to leave the comfort of their own home (Smith, 2011). This technology was the Internet, and it withheld all of the dot-com companies. Like companies that are not connected with the Internet, these companies were getting investors interested. There were online companies that had great ideas that were sure to bring in revenue. Investors started buying shares of stock because they were optimistic that à ¢Ã¢â€š ¬Ã…“companies that operated online would be worth millions of dollarsà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). The new dot-com companies along with their investors saw à ¢Ã¢â€š ¬Ã…“record-setting growth as the companies experienced sudden rises in their stock pricesà ¢Ã¢â€š ¬Ã‚  (Chichoni, 2013). They took this as a sign to à ¢Ã¢â€š ¬Ã…“move faster in their expansion and with less caution than usua là ¢Ã¢â€š ¬Ã‚  (Chichoni, 2013). The companies were so excited to see that their ideas were being valued so high, which was making even more investors interested. However, the companies and investors forgot that there must be enough revenue to support the debt, dividend payouts, and other financial factors of a business (Smith, 2011). There was not enough revenue coming in for these high-valued dot-com companies, so they were about to see a crash of the bubble that would cause the demise of several of the companies. The Fall of the Internet Bubble Unfortunately, due to many factors during the time of the Internet bubble in the 1990s, the dot-com companies saw a fall of the Internet bubble, also known as a crash. à ¢Ã¢â€š ¬Ã…“A crash is a significant drop in the total value of the market, almost undoubtedly attributable to the popping of a bubble, creating a situation wherein the majority of investors are trying to flee the market at the same time and consequently incurrin g massive lossesà ¢Ã¢â€š ¬Ã‚  (Beattie, 2014). Investors were trying to sell the shares that they had invested in with the companies that they overvalued because they did not want to completely lose the funds that they had invested. à ¢Ã¢â€š ¬Ã…“The collapse of the Internet stocks caused the 2001 stock market crash even more than the September 11, 2001, terrorist attacks. The market crash cost investors five trillion dollarsà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). There were companies that were able to survive from the crash but not before they saw major loss in the value of their ideas. Many had to revise their business models so that investors would be interested once again. Investors took on huge losses, but many of them were not afraid to invest in the companies that were able to build even better business models than before the crash. Several companies were not able to pick themselves back up after the crash, but there are companies that have become the most powerful in the world that experienced loss from the crash. Investors seem to get the biggest blame for the burst of the Internet bubble, but it certainly involved the dot-com companies that had not become secure enough in their brand as well. Cause of the Fall of the Internet Bubble There is not one distinct cause that can be connected to the burst of the Internet bubble. Investors were so excited about the funds that could come from the concept of dot-com companies that they forgot to focus on the aspects of generating revenue or cash flow (Smith, 2011). à ¢Ã¢â€š ¬Ã…“In addition to not focusing on the necessary aspects, analysts used very high multipliers in their models and formulas for valuing Internet companies, which resulted in unrealistic and overly optimistic valuations of the Internet companiesà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). Before the crash occurred, the à ¢Ã¢â€š ¬Ã…“newer Internet companies were being overvalued by 40 percentà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). This was not entirely the analysts fault because the companies should have also given their input on the long-term results of their business models. These companies were new at implementing their ideas and were à ¢Ã¢â€š ¬Ã…“staffed with individuals that did not have the necessary experience or goals to work in the industryà ¢Ã¢â€š ¬Ã‚  (Gokli, 2007), so they were not yet comfortable with valuing their own work. Instead, these companies were hoping that investors were captivated enough by their ideas so that they did not need to have solid long-term business plans at the time (Gokli, 2007). à ¢Ã¢â€š ¬Ã…“In the mid to late 1990s, societyà ¢Ã¢â€š ¬Ã¢â€ž ¢s expectations of what the Internet could offer were unrealisticà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). à ¢Ã¢â€š ¬Ã…“Internet entrepreneurs were captivated with dreams of becoming dot-com millionaires and billionairesà ¢Ã¢â€š ¬Ã‚  (Smith, 2011), and they were going use any funds they could to make those dreams come true. This included letting investors overvalue their companies so that they could gain more dollars per share (Gokli, 2007). à ¢Ã¢â€š ¬Ã…“Most dot-com companies would spend the investorsà ¢Ã¢â€š ¬Ã¢â€ž ¢ money without having to be monitoredà ¢Ã¢â€š ¬Ã‚  (Gokli, 2007). à ¢Ã¢â€š ¬Ã…“Many investors ignored the fundamental rules of investing in the stock market, such as analyzing P/E ratios, studying market trends, and reviewing business plans. Instead, investors and entrepreneurs became preoccupied with new ideas that were not yet proven to have market potentialà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). Prevention for the Fall of the Internet Bubble During the time of the Internet bubble, companies saw an unsafe surge in valuation. There were methods of prevention that could have been followed then and should be followed now to make sure that another Internet bubble is avoided. Companies need to realize that à ¢Ã¢â€š ¬Ã…“popularity does not equal profità ¢Ã¢â€š ¬Ã‚  (Smith, 2011). There are specific social media sites, such as Facebook, that receive a major amount of attention, but this does not mean that they are worth investing in (Smith, 2011). à ¢Ã¢â€š ¬Ã…“It is better for investors to research companies that have solid business fundamentalsà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). Popular Internet sites cannot always produce reliable long-term investments (Smith, 2011). Investors need to make sure a company is going to have a à ¢Ã¢â€š ¬Ã…“strong revenue sourceà ¢Ã¢â€š ¬Ã‚  (Smith, 2011) for a long period of time. à ¢Ã¢â€š ¬Ã…“Companies were valued by measuring their future profitabilityà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). However, this method can lead to overly optimistic valuations (Smith, 2011). It is never a good idea for investors to à ¢Ã¢â€š ¬Ã…“invest in a company that is based solely on the hope for large profits rather than the real numbers that are appearingà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). Investors should make sure that companies are making reasonable speculations when it comes to valuation. à ¢Ã¢â€š ¬Ã…“A business model is a method of doing business by which a company can generate revenue to sustain itselfà ¢Ã¢â€š ¬Ã‚  (Turban et al., 2011a, p. 29). A reliable business model is essential when investors are researching potential companies to invest in (Smith, 2011). à ¢Ã¢â€š ¬Ã…“Many investors were not realistic concerning revenue growth during the Internet bubble. An investor should never invest in a company that has not figured out how to generate revenueà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). à ¢Ã¢â€š ¬Ã…“Investors should understand the basic business fundamentals when determining whether to invest in a specific companyà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). à ¢Ã¢â€š ¬Ã…“A company should have reasonably predicted financial variables, such as overall debt, profit margin, dividend payouts, and sales forecastsà ¢Ã¢â€š ¬Ã‚  (Smith, 2011), for investors to include in their decision-making process. It is not wise for investors to rely on just a good idea if the good idea is not going to be able to produce the funds to keep the business alive. Investors need to recognize the relationship a company has established with the stock market (Smith, 2011). In order to perceive this relationship, à ¢Ã¢â€š ¬Ã…“investors need to know the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s beta value, which states the degree to which the stock of the company changes with the economyà ¢Ã¢â€š ¬Ã‚  (Smith, 2011). Surviving Companies after the Fall of the Internet Bubble Several companies saw a major loss during the occurrence of the crash of the Internet bubble. Even though some of those companies were the ones to see the biggest amount of loss, they are thriving in todayà ¢Ã¢â€š ¬Ã¢â€ž ¢s business world. à ¢Ã¢â€š ¬Ã…“Amazon.com, which is an example of a business-to-consumer e-commerce model (Turban et al., 2011a, p. 8), was one of the worst losers in the dot-com bubble crashà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). The company was selling a share for over 100 dollars during the Internet bubble, but they were only selling shares for 10 dollars after the burst of the Internet bubble (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“Amazon has gone through two major financial bubbles, but it has now grown to be the largest online retailer in the world. It is pricing its stocks per share at approximately 360 dollars todayà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“EBay, which is an example of a consumer-to-consumer e-commerce model (Turban et al., 2011a, p. 9), was spared the worst of the carnage of the Internet bubble burstingà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“The company was possibly saved because its product, online auctions, grew in popularityà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). During the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s first day of trading, they started at an offered price of 18 dollars, but the amount nearly tripled to 53 dollars the same day (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“Priceline, which is an example of a consumer-to-business e-commerce model (Tu rban et al., 2011a, p. 9), was founded in 1998, just before the dot-com bubble burstà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). After the company saw its initial stock jump to over 86 dollars, à ¢Ã¢â€š ¬Ã…“the company saw its stock price crash to under 10 dollars post bubbleà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“Priceline was able to survive due to the fact that the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s business model was retooled in the early 2000s to focus more on hotels than airfare. One share of Priceline stock costs over 1,000 dollars todayà ¢Ã¢â€š ¬Ã‚  (Naylor, 2013). à ¢Ã¢â€š ¬Ã…“Shutterfly is an internet-based personal publishing service that allows users to create prints, calendars, photo books, cards, stationery and photo-sharing websitesà ¢Ã¢â€š ¬Ã‚  (Folger, 2011). The company was able to à ¢Ã¢â€š ¬Ã…“survive the dot-com burst and go public in 2006 with an IPO share price of $15.55à ¢Ã¢â€š ¬Ã‚  (Folger, 2011). à ¢Ã¢â€š ¬Ã…“Today, Shutterfly trades above 60 dollars per shareà ¢Ã¢â€š ¬Ã‚  (Folger, 2011). à ¢Ã¢â€š ¬Ã…“Coupons.com was founded in 1998 after realizing that the coupon business had yet to adapt to the new internet economy. In 2011, the company attracted 200 million dollars from institutional investors, and it was valued at one billion dollarsà ¢Ã¢â€š ¬Ã‚  (Folger, 2011). Companies that Diminished after the Fall of the Internet Bubble There were companies that survived the fall of the Internet bubble and are thriving in todayà ¢Ã¢â€š ¬Ã¢â€ž ¢s business world. However, there were companies that would never be heard of again after the crash of the bubble. Pets.com was a pet food and supplies company that is perhaps the most recognized flop from the dot-com burst. The business model for this company was not sustainable. Pets.com lost 147 million dollars in the first nine months of 2000, and the company was unable to secure more cash from investors. Pets.com when public in February 2000 and its stock started at 11 dollar s per share, rising to a high of 14 dollars per share. The rally was short-lived and Pets.comà ¢Ã¢â€š ¬Ã¢â€ž ¢s stock quickly fell below one dollar and stayed there until its demise. (Goldman, 2010) Even though à ¢Ã¢â€š ¬Ã…“Pets.com is recognized as the most famous flop, Webvan was the biggest flopà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). à ¢Ã¢â€š ¬Ã…“The grocery delivery service grew too fast, expanding its services to eight cities in just a year and a halfà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). After reaching its peak at only 30 dollars per share, the company announced it was closing in July 2001 (Goldman, 2010). By this time, à ¢Ã¢â€š ¬Ã…“its stock had already fallen to six cents per shareà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). EToys.com was selling shares for $84.35 in October 1999, but à ¢Ã¢â€š ¬Ã…“16 months later the company warned its investors that these shares were worthlessà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). The online toy retailer was popular for holiday shopping (Goldman, 2010). H owever, à ¢Ã¢â€š ¬Ã…“after reporting a 74.5 million dollars loss in the last quarter of 2000, the company filed for bankruptcy with a 247 million dollars debt in February 2001à ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). TheGlobe.com is not remembered for becoming one of the first social media sites in 1995 that allowed users to create and post their own Web pages as much as it is remembered for its record-setting initial public offering. In November 1998, the company set the offer price at nine dollars per share, but the stock opened at 87 dollars. Shares of theGlobe.com had risen to a high of 97 dollars during its first day of trading before closing at $63.50. However, in August 2001, the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s stock was delisted by the NASDAQ stock exchange for failing to stay above one dollar per share. (Goldman, 2010) In 1998, Disney created Go.com to à ¢Ã¢â€š ¬Ã…“compete with the likes of Yahoo and AOLà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). à ¢Ã¢â€š ¬Ã…“In November 1999, Disney even created a tracking stock for Go.com, a separate class of stock that reflected the performance of the new Web propertyà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). After not being able to grow its user base by more than 21 million visitors per month, à ¢Ã¢â€š ¬Ã…“Disney announced it would shut down the site in January 2001à ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). à ¢Ã¢â€š ¬Ã…“The company took a write-off of 790 million dollarsà ¢Ã¢â€š ¬Ã‚  (Goldman, 2010). Go.com and the other companies that diminished after the fall of the Internet bubble were not necessarily failures because their share prices were valued to high at the beginning of their existence, but these companies were not able to build enough brand awareness during the time that other Internet companies were being overvalued. Therefore, the companies were not able to stay alive when the most popular companies were struggling to stay alive during the crash of the Internet bubble. Conclusion It has been seen throughout history th at when a bubble occurs, a crash is not too far from occurring as well. This was certainly the case with the Internet bubble in the 1990s. The dot-com companies involved wanted their services and products to be enough while they figured out a solid long-term business plan that investors could rely on. Investors did not care enough about the solid long-term business plans because they saw a huge amount of potential in the dot-com companies. This led to the investors overvaluing the companies that wanted to expand too fast to keep up with the valuation. The dot-com companies and the investors became part of a crash that would the demise of several companies. However, there were a few dot-com companies that were able to survive the burst of the bubble, and they have become some of the biggest businesses in todayà ¢Ã¢â€š ¬Ã¢â€ž ¢s world. à ¢Ã¢â€š ¬Ã…“The amount and percentage of goods and services sold on the Internet is increasing rapidly, despite the failure of many dot-com com paniesà ¢Ã¢â€š ¬Ã‚  (Turban et al., 2011b, p. 88), so electronic retailing is still a needed segment in this world. à ¢Ã¢â€š ¬Ã…“According to the Internet Retailer, approximately 60 percent of adult U.S. Internet users shop online and/or research offline sales onlineà ¢Ã¢â€š ¬Ã‚  (Turban et al., 2011b, p. 88). Investors and companies need to prevent another bubble from occurring because the dot-com companies are part of a thriving industry. A great business model is the best place to start for these companies, and investors need to make this factor a priority when researching potential investments. Indeed, the dot-com companies that exist today have given a performance worth a high valuation, but investors should allow newer companies to prove their capabilities as well before overvaluing them. The burst of the Internet bubble in the late 1990s and early 2000s did affect the future of some dot-com companies in a good way, but some were affected in a bad way. These companies h ave significance in our present and future lives, so everything must now be done with caution to prevent the world from experiencing another burst of an Internet bubble. Don’t waste time! Our writers will create an original "The Rise and Fall of the Internet Bubble" essay for you Create order

Shakespeares Portrayal of Women Essay - 1133 Words

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Case Studies free essay sample

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I am sure the child is very insecure of the Human Services at this point. Especially due to the fact that she has had so many issues with them in the past, and nothing has been done, at least nothing that was making a positive impact on her future. I personally feel having a closer relation with this child and building up trust may be a very positive approach. Social service workers are helpers. One asset that we possess in this profession is the ability not to judge. In this profession, just like our lives, we see people progress and regress. It does not stop our willingness to help. However, we do change our tactics to help these individuals with each failed attempt. Scenario 2 John has been homeless for most of his adult life. He is often seen on the medians of busy intersections asking for food and money or wandering through the park talking to himself. John used to seek housing in a homeless shelter but often chooses to sleep in the local park. During the winter, the local homeless coalition attempts to talk to John about staying in the shelter but he refuses. Staying out in the cold has led John to being hospitalized on several occasions, but he maintains that he is better off without anyone’s help. 1. If you were a case manager for the homeless coalition what would you do to try and help John seek appropriate housing during the winter months? I would try to talk to John to see what happened all through his life and why he is homeless and why he refuses to stay in the shelter. There could be a mental or emotional underlying issue that could factor his reasoning with himself. I would try my best to offer John alternatives such as appropriate housing or shelter, along with assigning him to a case worker to follow up with and seek for resources. I would try to offer counseling and build that trustworthy client-caseworker relationship in order for him to understand and believe there are better ways to live in this world. Identifying the skills he may lack as well. It’s obvious John may be suffering from depression, lack of trust, and low self-esteem. The longer John remains in this state of mind it will be hard for him to get all his needs met. Adults, children and youth who have Developmental Disabilities are offered programs that range in intensity and setting according to their needs and desires – from highly supervised residential programs to job coaching and supported living. The Network strives to protect the welfare of individuals at-risk in numerous ways. I feel getting John involved in an organization like this one where he was taken c are of and receiving meds I feel he would be on the path to a healthy happy life. In this case it would be good to know what disciplines John most likely fit into. Psychology would be my choice. I would attack his mind and behavior for a solution. 2. How does John’s outlook about receiving help affect his ability to get his needs met? John has too much pride in his self to accept the help he needs. He is already got it set in his mind that he can make its own his own without any help from anyone. He thinks this is a handout to him. Many homeless have this mentality and they live day to day on the streets. John (as well as the many others) need to be reminded that these programs are here to help and are not a handout in any way, most of the programs that are out there for the homeless are set up to assist those in getting back on their feet and off drugs and the street. This is going to be a process in which we may have to take baby step to get the job done. First we must get John to trust us, and let him know we are his friends looking out for him. We must get him to a doctor, get him medicated and get his mental illness under control so he understands us and his situation better. I believe after those two steps we will see huge improvements in him, and I’m sure he will also want to make great changes in his life. . Resistant means they have to attend but they don’t participate, they miss their appointments, So, We want to give John whatever services he will accept. Scenario 3 Juan often runs away from home because his parents constantly fight and often blame him for their issues. Juan runs away for 2 to 3 days at a time and will do this at least once a week. When he is at home, he typically does not follow the rules and will yell at his parents and siblings. Juan has a history of defiant behavior, but his home environment has often been chaotic. Juan’s parents have been through family counseling, but they feel it was not helpful and are reluctant to do it again. Juan sometimes will run to a local group home that takes in runaway youth. 1. If you were a counselor at the group home, how might you work with Juan to get him to stop running away from home so that he is not sleeping on the streets? I would try to talk to Juan to ask him why his parents are fighting about and why does he think he is the blame. Then ask him has he ever sat down and had a talk with his parents to see if he can help them out being he is the oldest in the family. I would try to get Juan to understand that the only blame he should take responsibility for would be any deviant behavior that he does. His parents fighting and him being blamed for it is just a way for them to pass the buck onto him and make him feel bad. He is not responsible for his parents fighting and once he can realize that and put measures of emotional protection he would not feel the need to run away. However I would encourage Juan to seek positive ways to handle and deal with the stress from home, whether becoming involved with sports or other positive groups. Juan would be offered therapy and anger management classes. Trying to figure out what makes him the angriest and we both figure out a solution to the problem so that he can remain in his home every night and learn the importance of rules as well. . Parent’s sometime worry when t hey don’t know where their kids are, therefore, causing arguments. I would show him ways he could be an influential key to the other kids in the house. 2. How might you try to work with the family even though they have participated in family therapy previously and did not find it effective? I would try talking one on one with each family member. Since I have already talk to Juan, I would talk to his mother to see what she has to say and how she feels. Then I would talk to his father to see if he has been in Juan’s life from birth to now. After talking to the parents then I would talk to his brothers and sisters to see how they feel about him. Once I have completely talked to everyone I can understand what really happen or have a whole picture of all the problems. Then I will bring the whole family together and let them express how they really feel and how they want to stay a happy family. Encourage the parents to understand and accept the fact that there is a problem in the home and it starts with them. As a counselor there would be weekly follow up visits with the family. The family would be offered resources and as a whole we all work together to find a solution to the problems inside the household. I am a firm believer that one should never give up. And as a human services worker, I will never give up on a patient or a family. Maybe, they weren’t ready to change with the first session, I feel we must give up all we got in order to show change and get a positive result. To break the ice, I would start by asking questions like, â€Å"What do you see the problem being? † This gives the parents some since of control in helping the problem. I would suggest marriage counseling to stop the arguing. There has to be another reason for their arguments other than Juan running away.

Suzlon Energy INC.

Economics analysis of Suzlon Company Market share valuation Vestas wind is a leader in this business a fact attributed to its significant presence both on local and global scale. Diversification into the two main segments is associated with big economies of scale allowing enterprises to diversify further in production and concentrate on venturing into new markets (Watts and Chapman, 1982).Advertising We will write a custom report sample on Suzlon Energy INC. specifically for you for only $16.05 $11/page Learn More Figure 1: Global Market share held by wind power companies. Cash flow analysis Suzlon Company seems headed for robust financial times; the above analysis indicates that generally, for the past five years the company has been experiencing a growth rate of 23% in profit before tax figures. This could be attributed to the fact that over the past few years the company tried maintaining low level of expenditures and increasing income (Watts and Cha pman, 1982). Figure 2: Cash flow analysis. Table 1: Analysis based on Technological, Organizational and Personal perspectivesAdvertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Perspective Technological Organizational Personal 1. Use of wind as a source of energy. Wind is perpetual in supply capability. Cost of producing electrical energy from wind is reduced significantly. Wind provides an alternate cheap source of power compared to other means. Wind is a source of energy that has less pollution effects to environment. Increased sources of financial revenues to the business. Citizens enjoy increased standards of living due to available cheap power source. 2. Local production of wind turbines. Wind turbines are suited to local wind conditions. Increased levels of business transactions. Greater customer satisfaction for services offered. High efficiency in power production. Realiza tion of big Economies of scales. Increased Gross Domestic Product value for local economy. Increased market share to the business More job Opportunities avenues available. Less costs incurred in goods sold. Increased mark up values for business. 3. Diversification of services by the wind business. To cater for both global and local specific needs of customers. Increased efficiency in business performance. Less time needed to break even in business cycles, results to increased profitability. Introduction of dedicated personnel in management. Increased operational efficiency to business. Efficient implementation of strategies Increased revenues to the business. Consolidation of market share and customer satisfaction. 4. Global Account Management system To cater for global customers with diversified needs. Leader in solution provisions to array of challenges to consumers. High business ethics is embraced by business. Easy access to capital financing. Low interest rate s offered on loans. Facilitates expansion strategies. 5. Hindrance to Global Account Management system Introduction of new managerial skills in transition of business. Changes in personnel management are inevitable. Work culture changes to new business dimensions. Gap of this case study The case study is deficient in provision of adequate briefing about organizational culture at Suzlon and how it would be affected when the organization goes global. Culture could be referred to as an integration of human societal beliefs and knowledge. Work culture is a great compliment to business operation and performance. It is believed that good work culture is a critical prerequisite for an improved organizational development. Management of organizations which are in the process of transforming towards global scale is usually faced with tasks such as adoption and integration of inherent work culture on global level for performance driven business. It is stated clearly that in the ever dynam ics of the business world, flexibility in work culture has to be embraced for the purposes of meeting local specifications so that it could not act as a hindrance to company’s performance (Bruno and De Souza, 2009). Additional considerations The current problem at the institution is flexibility in embracing demands of both local and global clients through provision of dedicated central management accounting system. Locally, the organization has thrived due to their strong association with social values, tradition and systems of the immediate environment. Application of six sigma principles in organizational culture is recommended for (Fontaine, 2007) business which is undergoing transformation process from local to global status. The purpose is provision of training solutions with large avenues of transforming duties in management structure, being largely driven by diverse consumer needs. It is critical for a transforming company to make decisions based on analysis of site, s pecific conditions of a market, offering efficient management strategies used in driving profits and revenues towards new levels. The solution for this is selecting competent management personnel as future leaders, who are capable of integrating systematic new work culture change without causing shocks within business operations through well laid transformational process.Advertising We will write a custom report sample on Suzlon Energy INC. specifically for you for only $16.05 $11/page Learn More Delegation of a global account at suzlon In designating a Global Account Management, suzlon requires a three tier framework. The first tier comprises global accounts (Customer orders and payment, Customer support and care and Personnel management) managed according to categories related to Global markets, so that customers are categorized to achieve economies of scale (Watts and Chapman, 1982). Second tier comprises regional management of accounts while third t iers have site specific accounts for specific areas of business operations as shown in figure 3 below. Figure 3: Proposed Global Account Management for Suzlon Company. Management at GAM The GAM should be headed by a Chief Executive Officer whose functions are to direct and implement strategies for the business as provided for by the management board. Directly under him/her are the global account managers whose mandates are coordinating and executing management of global accounts to whom regional mangers report to. At the very end are site managers who are critical in providing tailor made solutions for local customers. In resolution of conflicts, personnel managers at each tier will be mandated to execute settlement of conflicts specific to each area of operation (McNeill, 2009, pp 12-29).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Rolling out GAM GAM should be rolled out limited to specific customers, covering more of them over time. This provides time for management to be tandem with the use of the system gradually and also to cultivate new work culture among the employees avoiding the unnecessary burden of shock in work culture. Lastly this process will allow feeding of relevant data at specific tier of GAM management (McNeill, 2009, pp 12-29). References Bruno, F. C., De Sousa, P. O., (2009). Organizational Culture: How to Measure it – A  Case Study. Brazil: Nova Lima. Fontain, C., (2007). Six Sigma’s Contribution to Organizational Culture. Berlin: Northeastern University, Print. McNeill, R. G. (2009). The Go-To-Market Frontier: Global Account Management (GAM).  Journal of Global Business and Technology (1), 12-29 Watts, J. M., Chapman, R. (1982). Engineering Economics.  Washington DC: National Institute of Standards and Technology This report on Suzlon Energy INC. was written and submitted by user Camilo F. 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.