Background Of Company: Telekom

Background Of Company: Telekom Introduction In economic field, there are many types of market structure. The common market structures that we all knew are perfect competition, monopoly, monopolistic and also oligopoly. In this assignment, we will put priority on monopoly and perfect competition. As we all knew that, monopoly is a situation where there is one seller which the firm is the industry and many buyers in the market whereas monopolistic is a type of market structure where a large number of firms produce close but not perfect substitute product. In this assignment, our group has chosen Telekom Malaysia as the example of company that practices monopoly structure. Throughout this group assignment, we managed to found a lot of information about Telekom Malaysia. The information are shown below : Background of Company (Telekom) Telekom Malaysia BHD (TM) is the first telecommunication monopoly company in the country that still remains top telecom group and a fast-growing international player in the Asian region. The company continues to control the fixed-line telecom market with more than 4.6 million access lines. In addition to the fixed-line business, TM is one Malaysias leading cellular telephone provider and leading Internet provider, TMNet, which is also the sole broadband provider in the country. In addition to their operation in Malaysia, TM has developed a network subsidiaries and investments internationally with the focus on Asian region. In 2005, the company is listed on the Kuala Lumpur Stock Exchange. Characteristic In monopoly, there are many characteristic. One of the characteristic is that there are no competition between the companies as it is only seller in the market. Telekom Malaysia is the largest telecommunication company in Malaysia. It has a monopoly on the fixed line network. Besides that, there are many buyers in the market. Since Telekom Malaysia was build, many citizens in Malaysia started to use their services. It also has a considerable market share of the mobile communications market after acquisition of Celcom and TM Touch. Not only have that, Telekom Malaysia right now also offered narrowband and broadband connectivity which is now the DSL broadband provider in the industry. Thirdly, the characteristic of monopoly is that the firm enjoys abnormal profits. Because there are no other competitors, the firm has the power to monopolies the price of their goods and services. In this matter, the consumer have no other choice, so they will either choose or leave the product. The last characteristic of monopoly is barriers to entry which the firm will reduce the ability of new firms to enter the market and compete. Advantages and Disadvantages between Monopoly and Perfect Competition There are some advantages and disadvantages of monopoly. Firstly, the advantage is monopoly has only one firm and the market is the price maker. Hence, the price of the goods and services will be stable. Secondly, due to the absence of the competition, monopoly firm can receive the maximum profits from their sales. On the other hand, the first disadvantage is a high price of a low quality good and service may be charged on the consumer. Secondly, because of no competition may lead to low quality and outdated good and service. There are also some advantages and disadvantages of perfect competition. The first advantage is due to the presence of the competition, consumers can get a lower price of the goods and services. This is because all the firms produce identical products and the firms are price taker. Secondly, in the perfect competition, the firms must compete to each other to increase their sales. Because of this situation, it will encourage each firms efficiency and it will also encourage faster economic growth. However, perfect competition has disadvantages too. Firstly, unequally of the distribution of the goods and services because of the allocation of resources is determined by the distribution of income. Secondly, externalities are ignored. For example, when there are external benefits, too little goods are produced and when there are external costs, too much goods are produced. Comparison between Monopoly and Perfect Competition In the perfect competition, there are a large number of buyers and sellers in the market competing with each other. The price fixed by the industry is accepted by all the firms operating in the market. While in the monopoly, there is only one single seller but a large number of buyers. Hence, the firms are price maker and they all decide the prices. Besides that, a perfectly competitive firm makes only normal profit in the long run. This is because there is freedom of entry and exit. But under monopoly, the firm continues earning profits even in the long run since there are strong barriers to the entry of new firms in the monopolistic industry. Conclusion In a nutshell, throughout this assignment, we are able to learn more about monopoly and monopolistic market structure. Apart from that, our group members and I also learnt that we have to work together effectively and efficiently to make sure our task get done well. Although we faced some challenges and difficulties when doing this assignment, but we still make through it with everyones collaboration. Besides that, we have also learnt about the specialty of monopoly and monopolistic market structure in economics view. Therefore, we can apply it during class as we have already learnt deeper on them. Lastly, economics is important because it can be used in our daily life no matter for the present or in the future.

Module 4 Website Review

The website enTarga.com is a website offering consultancy services for the strategic planning for the business of the future. This website is owned by ROSS A. WIRTH who is acclaimed professional and academician. This website offers consultancy services for the change management within any organization of any size. It works â€Å"to support the development of internal expertise to develop a culture that is conducive to organizational learning and change processes. (enTarga.com)† Website Review: This website is excellent in its content and very simple to use and maintain. The home page has clearly defined sections under name Organisational Change, Strategic Planning, HR Planning, Marketing Planning and organisational complexity. The mission of the website as appeared on the home page is as follows: â€Å"Helping organizations establish change processes that align with their unique culture and business needs – enabling the adaptive business of the future.   Harnessing the power of organizational learning and self-leadership for emergent organizational change with strategic visioning providing the collective purpose.   Turning theory into practice; working today to build the organization of the future.   This is our mission.† It offers white papers and other source materials for the users. These materials are well organized and written. The website offers interactivity through Yahoo Groups. There are different Yahoo Groups made for different topics and people can interact, discuss and solve there issues. These groups are active and involvement of Ross Writ makes it interesting and interactive. These groups have no national, academic or industrial boundaries. Anyone who is interested in the relevant topic can register himself and become member of the group. The process is simple and has better chances of attracting people of like minds. As defined on the website enTarga has its unique meaning. It is as follows: En- to make; cause to be made to resemble. Targa- A type of shield carried on the forearm for protection, related to target â€Å"Look and feel† and apparent target audience The look and feel of the website is very simple, rather below average, but the content of website makes it much better than any other website with excellent look and no content. However if more efforts are done towards improving the look of website, it will attract more audience. Search Engine optimization and similar strategies will also help in increasing popularity of the website. So far it seems to be attracting people on the word of mouth basis. This website provides me loads of information without any requirement of being member or paying anything. Apart from this the permission to use the material published on the website and acknowledging the author (Ross Writ) is another attractive feature. The site does not have any commercial feel in it; rather it looks as a pure academic website. On the Organisational Change page ChangeAgent yahoo group is available for the viewers to participate in the relevant discussions. This webpage introduces the viewer to the organisational change process. It provides information on the change agents, resistance to change, points of leverage and organisation culture with respect to change. It also offers another link to the resources of organisational change. The resources available are of free of cost. Strategic Planning webpage provides information on the Strategic planning process in any organisation. It gives information on benefits, pitfalls, implementation problems and key influencing factors as separate web links. It provides information on the Steps in the strategic planning process, business performance management and offers other planning resources on the website as different links. The yahoo group for this section is OrgComplexity. The third web link is HR Planning. Here viewer gets information on Human resource issues, employee engagement, and strategic readiness of the organisation, Balanced Scorecard (BSC) and resources for human resource planning. This also has a yahoo group named ChangeAgent as its discussion list. Marketing Planning provides information on customer analysis, marketing strategy questions, planning resources on the internet, associated marketing topics like Integrated marketing communications, relationship marketing, brand marketing topics on the internet, creating a brand strategy and development guidelines for internet marketing. The yahoo discussion group for the website is ChangeAgent. Organisational Complexity provides information on organisational complexity and related issues. The yahoo discussion group for the same is OrgComplexity. Apart from the above mentioned main categories of strategy information, it also has Knowledge Management & Organizational Learning as a separate webpage that provides information on knowledge management, barriers, Requirements for spreading a best practice across the organization, organisational learning and other resources. The yahoo groups are active and have different members fro across the world. The groups initiate different topics for discussions. Anytime any member joins a new group receives a welcome.doc which contains welcome message and the current topic of discussion and requests the new member to introduce himself to the group. Once the member posts his message the message is moderated in the prohibition period. This is done in order to control spamming and spammers. Once the new member proves his authenticity, he participates in the group discussion and information sharing without any restrictions. Conclusion It will not be appropriate to criticise this website with such comprehensive and well written content for the looks and feel. But it will be an excellent website if some efforts are done to improve its look. Being a management professional I find it really useful for my continuous education and improvement and helpful in getting support in the form of suggestions in the yahoo groups. For me the attractiveness of this website is the active yahoo groups. Any new article published on the website will be notified in the yahoo groups. This will keep the members informed. If interested, members can visit the website for reading the article free of cost. This makes the website interactive and keeps the users engage in the activities. There are various issues on the day to day problems of business world. Many a time individuals do not get any kind of platform or experienced people to guide them. The information available on the website deals with various issues that can help individuals to handle particular situations and take appropriate actions. This attractiveness is unique selling proposition for the website and this will attract me to go back to the website again and again. Reference: Lisa Hoecklin. (1995).Managing Cultural Differences: Strategies for Competitive Advantage. Wokingham:Addison-Wesley Publisher Ltd. Levitt, T. (1983), The Marketing imagination, New York, The Free Press Mà ¶ller, K. and Wilson, D. (1995), Business Marketing: An Interaction and Network Perspective. Kluwer Academic Publishers, Norwell.   

The F. Scott Fitzgerald s The Great Gatsby - 1613 Words

The Barred Gatsby The Great Gatsby by F. Scott Fitzgerald is the compelling story of the lengths one man goes to in order to try and win back the love of his youth. In order to do so, the titular figure of the novel, Jay Gatsby, reinvents himself from the hardscrabble soldier of his younger years into an enigma of a millionaire; during his time living at West Egg, Gatsby is revered by all, but known by none. Despite the lavish lifestyle which has made him ever so well known, Gatsby is never able to win back Daisy, the girl who has for so long represented the culmination of all of his desires. To convey the complex themes of the novel, Fitzgerald makes use of the literary techniques discussed in How To Read Literature Like A Professor by Thomas C. Foster, especially in his portrayal of the geography of the Eggs and in Gatsby’s quest to win Daisy’s affection. In his novel The Great Gatsby, Fitzgerald uses Gatsby’s desperate struggle to ingratiate himself into Daisy’s life to illustrate how one can never overcome the socio-economic barriers placed upon them at birth. As Foster mentions in How To Read Literature Like A Professor, â€Å"literary geography is typically about humans inhabiting spaces, and at the same time spaces inhabiting humans†, a concept that Fitzgerald relies on to demonstrate the barriers heavily separating him from Daisy (Foster 173). Throughout The Great Gatsby, Fitzgerald uses the two Eggs to demonstrate the large impact location has on Gatsby’s attempts toShow MoreRelatedF. 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My Overall Impression Of The Book Floating City Is That

My overall impression of the book Floating City is that it gives a good in-depth analysis of the organized crime economy in New York City. I enjoyed the book because it was credible, and very informative. The author, Sudhir Venkatesh is a great sociologist who is not afraid to go into the field and put himself in potentially dangerous situations for his research. Although it took him a long time to collect his data, Vankatesh persevered and wrote a great book. The topics covered in this book mirror those brought up in lecture very well. Crime, gentrification, urbanization, race and class all play big roles within the underground economy of New York City. Vankatesh’s studies incorporate many of the key themes within sociology and he ties†¦show more content†¦Contrary to those beliefs, not all criminals are deviant (Davidson, 2017). Those whom forge illegal immigrating documents to be able to create better lives for people living in third world countries may be breakin g the law, however they are doing what many would consider the right moral decision. Also, crimes such as sex trafficking and drug selling are also illegal, however there is such a need for these addictions in society, that more and more people are choosing these illegal careers, regardless of the social stigma they hold (Williams, 2010). Throughout the book, one of the drug dealers Vankatesh spends a lot of time with, Shine, often says that the reason he sells drugs is because of consumer supply and demand (Vankatesh, 2013). He sells drugs because he knows that regardless if he sells them or not, the drug addicts will get their product one way or another, so he might as well be the one making money off it. 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