Monday, December 23, 2019

Impact Of Mexican Immigrants On The United States Society

Leticia Espinosa Dr. Fuller English 1102 (03) 31 October, 2017 Impact of Mexican immigrants to the United States society Americans are celebrating their identity and heritage as well-known nation for immigrants especially the Mexicans. There is a solid base of help for preceded with migration as a vital element for economic growth and as a key component of a cosmopolitan culture among numerous Americans. Around 60 million individuals, more than one-fifth of the total populace of the United States, are settlers or the offspring of foreigners. For a large portion of this group, movement strategy isn t a unique philosophy yet methods for family reunification and a certification that they are a piece of the American dream. Among the†¦show more content†¦Utilizing visas known as green cards, lawful perpetual occupants are ready to live and work in the nation. Of the 35 million American workers in the United States, an expected 66% are legitimate changeless inhabitants. People with green cards can apply for U.S. citizenship following five years and end up plainly naturalized nationals with full righ ts, for example, voting and qualification for social administration benefits (Pyong, 11). The second course is through transitory work or tourism visas or through here and now visas for understudy or government trades. These people come to America for constrained timeframes to visit, work, go to government or scholarly occasions, or enlist in instructive organizations. Among the country s outsiders, just around 3 percent (or 1 million individuals) enter the United States through one of these roads. Of them, 65,000 touch base through the H-1B visa program for high-gifted specialists and 66,000 get through the H-2A or H-2B program for occasional laborers in horticulture, development, or tourism (Rivera-Batiz, 99). They are permitted to work in America for a long time. The third and most questionable component is illicit migration. It is evaluated that 33% of all immigrants are in the United States illegally, numerous from Mexico. These general numbers are up from 5 million of every 1996 and 8.4 million out of 2000. The U.S.Show MoreRelatedRoman Catholic And Mexican Immigran ts Essay1520 Words   |  7 PagesSince the United States was created, immigrant groups have been discriminated against due to their religious, ethnic, and/or national origin backgrounds. Possessive investment in whiteness has operated throughout all this time by keeping privileges and resources to certain groups and defining whiteness through the exclusion of others (Lipsitz 4). Through this process of exclusion negative discursive formations have been created around immigrant groups and impacted their levels of assimilation. AsRead MoreAmerican Culture And Its Impact On American Society1599 Words   |  7 PagesMy topic of interest is regarding how have Hispanics began to enter American Society and how have they assimilated or integrated to become part of it? Hispanics are a minority group who have overcome many struggles and stereotypes throughout history. It is important to know how it all started and how they managed to become such a huge part of todays society.  Hispanics Americans constitute more than 15% of the U.S population, and the number is still growing. It is the country’s largest ethnic minorityRead MoreImmigration And The United States1139 Words   |  5 Pagesin the United States. In its simplest form, the term immigration is defined by Oxford Dictionaries as the action of coming to live permanently in a foreign country. For centuries, people from around the world have immigrated to America for many reasons, such as political freedom, religious freedom, refuge and economic opportunity. They leave their countries and travel to America to find opportunities that they were not able to find in their country of origin. A large amount of immigrants residingRead MoreThe Hardships Of Ethnic Mexican Immigrants And Mexican Americans Essay1268 Words   |  6 Pagesof ethnic Mexican immigrants and Mexican Americans Many Mexican Americans have been able to accomplish their own versions of the American dream by attending a 4-year college, owning businesses, and taking on political and public service careers. However, Mexican Americans and Mexican immigrants continue to face the hardships that their ancestors went through in the 20th century. The ethnic Mexican experience in the United States has been a difficult one for Mexican immigrants and Mexican AmericansRead MoreMexican Immigration And The United States1216 Words   |  5 PagesMexican immigration has been a controversy in the United States since before 1980. According to Jie Zong and Jeanne Batalova, Mexican immigration can be divided in three waves: the first one, before World War two, the second one started with the Bracero program, and the last one after it. Nevertheless, Mexican immigration can be seen as something threat, as many Americans argue, or as the opposite, a benefit to the nation culture throughout the years. This essay wil l explain some of the difficultiesRead MoreCultural Pluralism And Its Effects On American Culture1490 Words   |  6 Pages64 percent said they had Mexican heritage - almost 11 percent of the total population. As birthrates for Hispanics exceed those of Anglos, demographers estimate that by 2042 non-Hispanic whites will be a numerical minority in the United States. At the beginning of this century, there were twenty-one states where Hispanics were the largest ethnic minority. As a consequence, the nature of assimilation – historically a conflicting process for Southwestern Anglos and Mexican-Americans – is likely toRead MoreEnglish And Speak English At Home Than The Overall U.s. Foreign Born Population1303 Words   |  6 Pagesabout â€Å"69 percent of Mexican immigrants ages 5 and older reported limited English proficiency, compared to 50 percent of the total foreign-born population†(DHS, 2014). Approximately â€Å"4 percent of Mexican immigrants spoke only English at home, versus 16 percent of all immigrants†(DHS, 2014). Assimilation has its merits as it encourages immigrants to learn to speak English, the language that is required to succeed in life as well as experience ordinary life in the United States. Without assimilatingRead MoreThe United States Has Been A Target For Many Immigrants1365 Words   |  6 PagesThe United States has been a target for many immigrants across the globe and is seen as a beacon of hope and o pportunity. Ever since the first non-Americans arrived to the United States, for that reason, these immigrants were placed into specific categories in order to be differentiated from different groups of people. The name for the group that an immigrant would be placed, depended usually where the person came from, in some cases their religion or their nativity. The force placement into theseRead MoreMexican Immigration Essay1031 Words   |  5 PagesMexican immigration in the early 1900s was a huge issue that impacted the United States in areas such as urban population, employment and many other ways. The mass number of Mexican immigrants that migrated to the United States from Mexico was at nearly half million in between the years of 1920 and 1929. Mexicans left their native land and moved to the United States not only to achieve financial prosperity, but to get out of the chaotic environment that Mexico was in at the timeRead MoreThe Realities of Illegal Immigration688 Words   |  3 Pagesimmigration. In fact, immigration continues to increase prodigiously, especially amongst Mexicans. The United States Census Bureau calculated that Mexican immigration quintupled between 1970 and 1988 (Gibney, 1989). Upwards of nine million immigrants came to the United States in the 1980s, and somewhere between 200,000 and one million enter illegally each year. Fifty-five percent of them are thought to be Mexican nationals (ibid.). Furthermore, if such policies continue to fail, what alternatives should

Sunday, December 15, 2019

Sony Strategy Analysis Free Essays

SONY Strategy Case Analysis Executive Summary Sony is currently faced with the problem of low operating margin and stagnant market share in the videogame console industry. PlayStation3 of Sony is competing with Xbox360 of Microsoft and Wii of Nintendo. Despite the high technology, Wii outsells PlayStation in the market. We will write a custom essay sample on Sony Strategy Analysis or any similar topic only for you Order Now This shows that the traditional strategy of Sony based on hardware should be reviewed according to the new trend. Considering gradually increasing market size and harsh competition, Sony should invest more on creating new customers and software. Analysis After experiencing the five or six cycles defined by advancement of underlying technology, there are currently three main competitors in the videogame industry: Sony, Microsoft, and Nintendo. The PlayStation of Sony and the Xbox360 of Microsoft can be characterized by high technology and interoperability with other electronic products. Meanwhile, the Wii of Nintendo emphasizes innovative and user-friendly capabilities such as wireless motion-sensing controllers. Therefore, the Wii could appeal to more widespread customers such as senior people including traditional gamers. Based on enthusiastic reactions to Wii, the leading market share of PlayStation in the prior generation is replaced by the Wii of Nintendo. As of 2008, the Wii substantially outsells the two rivals. According to Five Forces Analysis, Sony has been faced with the following characteristics in the game industry. Suppliers: The bargaining power is relatively high since videogame console makers outsource the manufacturing of console. Also, they need the support of game developers. In this respect, the one of the main reasons why the PlayStation and PlayStation 2 could succeed as a new entrant would be the supplier-friendly strategy of Sony. Sony took the policy to license any PlayStation software as far as it does not clash with hardware. Also, Sony provided third-party developers with various development tools and soft libraries. Buyers: Compared with past customers who could enjoy the limited game console suppliers, current customers could enjoy the various types of game platforms. Also, based on the high technologies, the games for every age or demographic are coming out to the market. Therefore, game console makers should ensure as many customers as possible to enjoy the economy of scale in the increasing market size. This gamer-friendly environment results in the high bargaining power of customers. Regarding customer-based viewpoint, Sony failed to captivate the people from all levels. Even though PlayStation software is targeted at a more mature audience, PlayStation of Sony has been usually used by the traditional gamers of young age. Threat of new entrants: In the game industry, the possibility of new entrants to succeed is very slim because new platform based on high technologies requires high cost and risk. Therefore, small or medium sized companies are very difficult to finance RD and marketing. Also, it is very difficult for new entrants to find game developers. Three giant companies (Sony, Microsoft, Nintendo) overwhelmingly dominate the market of videogame console and there exists a big entrance barrier. It is the reality that a small company cannot help being pushed out by three major companies. Since Sony got into the game industry, the biggest threat of new entrants would be the appearance of new contender, Microsoft, in 2001. Threat of substitute products: There exists the high possibility of substitutes from other industries. Personal computers or mobile handheld devices could be the potential substitute of videogame consoles. The reality is that many people are enjoying games using other devices such as I-Phone or I-Pad over time. In addition, consumers don’t have to bear the additional cost when they change from game consoles to other substitutes. Considering the high diffusion rate of personal computers or mobile devices, potential substitute products could be high threat to selling game consoles. Positioning among current competitors: Definitely, Sony is the major entity in the game console market. However, the market situation is not so bright as the past over time. As a new entrant in 2001, Sony could get a huge success through giant money, high technology, stylish design and support of game developers. However, Sony is now suffering from negative operating profit and turned over the status of top maker to the Wii of Nintendo. So, Sony needs to set up new strategies in the videogame industry. Recommendation First of all, Sony should broaden customer scope from traditional gamers to the general public. Game industry is still growing although the attractiveness is waning over time. Sony is trying to position the PlayStation as the ultimate hub for digital living room. However, the people are still not familiar with PlayStation and consider it just game machine. Therefore, Sony needs to enforce the marketing for family-friendly game console maker. The one of the main reasons for Wii’s success is that Nintendo targeted the niche market that other competitors have ignored. Nintendo focused on the general public with the easy and simple game consoles instead of expensive and complicated ones. Wii contributed to letting the public general realize the fun of game. Now, Sony needs to leverage the opponent’s assets as a Judo Strategy as Sega did in the past. If the family-friendly image is added to the high technology of Sony, the PlayStation could appeal much more to the general public. Lastly, Sony needs to more invest on its software. Sony has been focused on the product itself based on high technology and attractive design. As Nintendo makes high margin based on the customer-friendly software forgoing high price of console, Sony needs to broaden available games for PlayStation. A wide range of Adult users could bring new Blue Ocean of profits. Utilizing the advantages of PlayStation, the high technology and interoperability with other electronic devices, Sony could set up the new digital hub replacing TV and Computer at home. To do this, above all, Sony should establish the affluent in-house software associated with developers as Apple make additional profits through various apps. How to cite Sony Strategy Analysis, Papers

Saturday, December 7, 2019

Corporate Finance Using the CAPM Model

Questions: 1. Management of a company could use Sensitivity and Scenario analysis in their corporate decision makings. How their decision making could be related to capital budgeting techniques such as, Internal Rate of Return, Net Present Value etc? 2. Explain and identify similarities and differences between the following two models? Answers: 1. Sensitivity Analysis The meaning of capital budgeting can be explained by looking at the current study. When handling with the anticipated resources and uncertainty demands becomes one of the main factors. The process of sensitivity analysis can be explained as the statistical technique, which is useful in explaining the substantial deviations from the expected value. Sensitivity Analysis is worried about discovering the value through which one can transform the information input to create the result of the linear-programming models to remained unaltered comparatively. This is helpful in explaining the information sensitivity that is provided for the challenges and is useful in evaluating the most favorable levels needed for every input. It is essential for the decision makers to support the decision making system and constructing required recommendations for it. this is helpful in assisting accurate examining of vigorousness of the outputs derived. Sensitivity analysis is useful in developing the communication process from the frame workers to the decision makers by assisting with adequate recommendations towards more convincing, trustworthy, credible and comprehensible decisions (Tian 2013). The analysis of sensitivity aids in raising the quantification and knowledge about of the processes, which is useful in proving knowledge about the relationship in the midst of output and input variables. The sensitivity analysis is useful in constructing of a framework, which aids in locating and searching for any faults in the model. It is notable to explain that in order to execute a sensitivity analysis, all the required inputs and deliberations that are linked in the process in order to get the expected output. For example, a model of deliberations and inputs of a firm is worried about manufacturing a new commodity that may comprise of data that is concerned with the estimated obtainability of limited resources, inflation rate, workforce employed in the development and research activity. The results are thought as the new profit, which is provided by the new commodity. Thus, sensitivity analysis is associated with transforming every variable and supervises what forces any alteration in the output (Iooss and Lematre 2015). It is seen that usually one variable get changed once and all the other factors remain constant at their pedestal value. This is helpful in effortless explanation of the variables that have an impact on the output. However, it is notable to show that all the resources may be self-governing, a s transforming inputs at one stage is not worried about the communication among the inputs. Figure 1: Sensitivity Analysis Reflection (Source: ) Sensitivity analysis aids the management as the style of evaluating the amount of risk that is engaged in the venture projected. Sensitivity analysis even helps in evaluating the impact of deviations in relation to the variable irrefutable constituents of a plan and aids the management to identify the possible consequences. The management of a firm can make use of the sensitivity analysis as a technique to discover the fundamentals of a plan if transformed to some level will have an effect on the outcomes of a project (Pianosi, Sarrazin and Wagener 2015). It is essential to explain that the organization connects with various types of risks, as there is no guarantee that the organization will gain any profit. The firm makes an effort to decrease the level of risk to the minimum level by remaining involved in activities that is helpful to the organization to earn revenues. The management undertakes the sensitivity analysis before using the plan for a new endeavor of business operations . Sensitivity analysis aids the management to evaluate the factors that will be helpful to the venture to earn revenue by generating an effect on the net profit amount of the planned operations (Kiendl et al. 2014). The managers explain the procedure of supervising risks that are involved in new venture or operations provided their extravagance by making use of the sensitivity analysis. Scenario Analysis Scenario analysis can be explained as the process of estimating the expected value of the portfolio in a given time period. This process engages the use of predicting the accurate variations in the amounts of the securities of the portfolio or the essential components that occurs like alterations in the interest rate. The process of scenario analysis is widely used to administer the transformations in the value of the portfolio that concerns the undesirable incidents, which may be useful to compute a theoretical horrible scenario (Ba?bura, Giannone and Lenza 2015). As a mechanism, sensitivity analysis comprises of evaluating the various reinvestment rates for expected returns that are reinvested during the prospect of investment. Scenario analysis provides a process to forecast variations in the value of the portfolio depending upon the standards of statistics circumstances (Bauer et al. 2015). These variations depend upon the happenings of various situations, which is known as scenarios that follows the principle of analysis. The scenario analysis can be an effective mechanism to compute the level of risk, which is involved in the provided investment correlated with the different possible incidents that ranges from widely probable to widely improbable. An investor can evaluate the level of risk available within his zone of comfort by looking at the results obtained from the analysis (Blobel and Frhlich 2017). There are numerous various paths of reaching the scenario analysis. Out of the all the various methods, one of the collective process is explaining the standard deviation of monthly or daily returns on security and then computing the expected value for every portfolio that create profits having their standard deviation lower or above than the average rate of return. With the help of this process, the forecaster can gather a rational amount of assurance with respect to the alteration in the value of a portfolio during an allotted time-period. Scenario analysis is undertaken to evaluate the probable investment situations, which can be used in various financial situations to explain the transfer in the values because of the theoretical circumstances. From the perspective of a customer, an individual can make use of the scenario analysis to analyse financial results while undertaking credit purchase that is contrary to hoard funds for any cash purchase. The organizations on the other hand utilize the scenario analysis to explain the possible financial outcomes of definite decisions. For instance, choosing one out of the two storefronts and facilities from which the organizational functions can be undertaken (Seppelt, Lautenbach and Volk 2013). This may comprise of deliberations like variations in rent, fees included with the utilities and any sort of advantages or insurance that may be accessible in one place but not in the other one. 2. Capital Asset Pricing Model (CAPM): CAPM is a model, which is employed for ascertaining the effective asset-based rate of return in theoretical underpinning for making decisions in relation to asset inclusions within a suitable diversified portfolio. Thus, the capital asset pricing model describes the estimation of an association, which could be observed within the risk involved in asset coupled with the projected return (Anghel and Paschia 2013). On the other hand, in Capital Market Line (CML), the market portfolio is deemed in encompassing the division of each risky asset. This is conducted through employment of the market asset values for ascertaining the weights (Brown and Walter 2013). Thus, CML is obtained from CAPM, which determines the expected return at different levels of risk. Under CAPM, CML could only be applied in the final portfolio of an investor. Moreover, in CAPM, the investors are probable to hold portfolios, which depend on the CML. Along with this, under CAPM; the CDML is given greater priority in contrast to the efficient frontier, as it concentrates on considering the risk-free asset within the portfolio (Dragoe, Balte? and Ardelean 2014). Thus, CAPM denotes that the portfolio of the market is primarily the efficient frontier. Figure 1: Relationship between Capital Asset Pricing Model and Capital Market Line (Source: Mihai and Cristina 2015) It has been observed that the CAPM assumptions are often considered as unrealistic; however, the simplification of reality is necessary to develop useful models. The assumptions of CAPM help in measuring the risks of the market and accordingly, they provide information to the investors about any change in the expected returns. In the words of Odobai?, Tolui? and Tolui? (2014), the CAPM denotes that the portfolio of the market acts as an efficient frontier. In addition, the pricing of the securities is made in such a way that the projected risks offset the ascertained returns. The CAPM covers two different aspects that generate the need of CML. The CML denotes the return on investment for an investor in relation to a specific portfolio. Thus, the formula of CAPM is employed on the part of CML for computing the expected return of an asset or a portfolio. In other words, CML depicts a visual representation of the formula of CAPM in the form of a graph (Vollmer 2014). Thus, it helps in describing the relationship between the expected return and systematic risk involved in a particular portfolio. The CAPM takes into consideration CML, which is necessary in determining the viability of a security for sound decision-making. The relationship between CAPM and CML is depicted in the formula as follows: (m, rm) is used to represent the point involved in the overall market portfolio. The rational investors select those portfolios, which have a point of (p. rp), as it depend largely on CML. Therefore, after the evaluation of this formula, CAPM could be used for gauging the systematic risk involved in a specific share. Along with this, the line of transformation that is tangential to the efficient set coupled with interception within risk-free rate rf, signifies CML. This implies a specific constitution of risky assets that an investor intends to hold. Such a composition could be considered as market portfolio. Finally, since CML acts as the line of transformation, the efficient frontier is tangential with the same. Capital Market Line (CML): CML is a line, which links returns with risk-free investments and associated market returns. The main point of distinction between CML and efficient frontier is the involvement of the former in lower risk investments and the portfolios contained within it are considered as efficient frontiers. Thus, CML is a method that is used to evaluate the portfolio performance. The points, which are below the line, would generate lower returns coupled with identical risks. Due to such reasons, there is absence of idealness. In addition, it is depicted in the form of a graph within CAPM for denoting the rate of return within market portfolio. The CML is based on the assumption that each investor of an organisation is required to have market portfolio. The risk intensity is associated positively with the expected return (Wagdi 2014). It has been observed that the CML acts as the linear mix of risk-free assets and the overall portfolio. The portfolios under CML are considered inferior that denotes a new set of efficient. The CML is expected to stay within CAPM for denoting the rate of return for efficient portfolios, which are probable to encounter the risk level related to risk-free return and market portfolio. The CML is derived by sketching a tangent from the interception point on efficient frontier to situation, in which the anticipated holdings return is identical to the risk-free rate. Thus, CML helps the investor by considering the risks of different additional assets within the outstanding portfolio. The CML is the output from the relation with market portfolio and the risk-free assets. The different consideration points in CML have enhanced the profiles of risk-return to specific portfolio within efficient frontier with the market portfolio exception. This serves as a point within the efficient frontier, in which CML is a tangent. Thus, from the perspective of CML, the portfolio encompasses each risky asset with less holding on the same. In accordance with CAPM, the market portfolio denotes efficient frontier and this could be accumulated as the portfolio cluster. Thus, the combination of market portfolio with risk-free assets provides an increased return in comparison to the efficient frontier (Wang, Huang and Hu 2016). Hence, it could be stated that such combination would lead to commencement of capital market line. Moreover, the main techniques used for evaluation of the projects include net present value and internal rate of return. The sensitivity analysis takes into account these two techniques in project evaluation at the time, which is greater than one alteration of variable. The existing idea depends on the variables excluding the evaluated one to analyse the sensitivity of IRR and NPV with changes in the variable. References: Anghel, M.G. and Paschia, L., 2013. Using the CAPM Model to Estimate the Profitability of a Financial Instrument Portfolio.Annales Universitatis Apulensis: Series Oeconomica,15(2), p.541. Ba?bura, M., Giannone, D. and Lenza, M., 2015. Conditional forecasts and scenario analysis with vector autoregressions for large cross-sections.International Journal of Forecasting,31(3), pp.739-756. Bauer, C., Hofer, J., Althaus, H.J., Del Duce, A. and Simons, A., 2015. The environmental performance of current and future passenger vehicles: life cycle assessment based on a novel scenario analysis framework.Applied energy,157, pp.871-883. Blobel, C. and Frhlich, E., 2017. Scenario Analysis for Strategic Purchasing: Development of a Scenario Simulation Tool for the Villeroy Boch AG. InSupply Management Research(pp. 275-294). Springer Fachmedien Wiesbaden. Brown, P. and Walter, T., 2013. The CAPM: theoretical validity, empirical intractability and practical applications.Abacus,49(S1), pp.44-50. Dragoe, G.M., Balte?, N. and Ardelean, D.I., 2014. STUDY REGARDING THE ASSETS EVALUATION ON THE FINANCIAL MARKET THROUGH THE CAPM MODEL.Studia Universitatis Vasile Goldi?, Arad-Seria ?tiin?e Economice, (3), pp.78-87. Iooss, B. and Lematre, P., 2015. A review on global sensitivity analysis methods. InUncertainty Management in Simulation-Optimization of Complex Systems(pp. 101-122). Springer US. Kiendl, J., Schmidt, R., Wchner, R. and Bletzinger, K.U., 2014. Isogeometric shape optimization of shells using semi-analytical sensitivity analysis and sensitivity weighting.Computer Methods in Applied Mechanics and Engineering,274, pp.148-167. Mihai, N. and Cristina, S.M., 2015. Theoretical Aspects Of Risk In Capm Theory.Romanian Economic and Business Review,10(2), p.76. Odobai?, S., Tolui?, M. and Tolui?, Z., 2014. The application of the CAPM model on selected shares on the Croatian capital market.Ekonomski Vjesnik/Econviews: Review of contemporary business, entrepreneurship and economic issues,27(2), pp.297-311. Pianosi, F., Sarrazin, F. and Wagener, T., 2015. A matlab toolbox for global sensitivity analysis.Environmental Modelling Software,70, pp.80-85. Seppelt, R., Lautenbach, S. and Volk, M., 2013. Identifying trade-offs between ecosystem services, land use, and biodiversity: a plea for combining scenario analysis and optimization on different spatial scales.Current Opinion in Environmental Sustainability,5(5), pp.458-463. Tian, W., 2013. A review of sensitivity analysis methods in building energy analysis.Renewable and Sustainable Energy Reviews,20, pp.411-419. Vollmer, M., 2014.A Beta-return Efficient Portfolio Optimisation Following the CAPM: An Analysis of International Markets and Sectors. Springer. Wagdi, O., 2014. Relationship Between Risk and Common Stock Return in CML and CAPM.Browser Download This Paper. Wang, C.P., Huang, H.H. and Hu, J.S., 2016. Reverse-Engineering and Real OptionsAdjusted CAPM in the Taiwan Stock Market.Emerging Markets Finance and Trade, pp.1-18.