These Transferable Skills Will Help You Earn a Higher Salary When Switching Jobs

These Transferable Skills Will Help You Earn a Higher Salary When Switching Jobs There are times when we wish we be more competent across multiple fields. If it were possible, this would definitely make life so much easier. Here’s the good news: we may not be born with the natural ability to accomplish tasks from multiple industries, but we can most definitely learn how to do exactly that. All we need to do is to acquire portable skills, or what some people refer to as transferable skills. In this article, you will learn about 1) what transferable skills are, why they are important, and how to acquire those skills, 2) the most valuable transferable skills you need to acquire in order to earn a higher salary when switching jobs, and 3) how to present transferable skills on your CV.WHAT ARE TRANSFERABLE SKILLS?Transferable skills are those abilities or skills that are relevant, useful and helpful across different disciplines, areas or fields. These are skills that can be used in one’s professional life and personal life, in social circles, educational groups, and other circles that the individual belongs to.In a more formal definition, these are the skills that are “central to occupational competence in all sectors and at all levels, and include project management, leadership, communication, working in teams, and problem solving”. They are called transferrable skills because they can be transferred from one setting to another.The topic on transferable skills become s most relevant when it comes to looking for a job, or making a major career decision (such as a career change) and assessing one’s credentials. Human resource managers, headhunters and employers have a specific set of qualifications that they are looking for in candidates, and many of these pertain to the applicants’ transferable skills.Take a look at this scenario. There are two people who are up for a single job vacancy. Candidate A seems to be the one with the advantage, since she graduated with honors from a more prestigious university, while Candidate B came from a little-known university. However, when the results came out, Candidate B ends up hired for the job because of the manner in which she presented her competencies.This is just an example, but this scenario has played out several times, where other, seemingly more qualified (on paper) candidates were passed over in favor of those who have lower qualifications. The most likely difference may have been due to transfe rable skills. Candidate B may have been able to demonstrate that the portable skills she possesses make her more suitable for the job than Candidate A.Importance of Transferable SkillsTransferable skills increase one’s “employability”. They are seen by many employers as a “plus” or “extra” to the qualifications that are required for the job that will be filled. Therefore, candidates who have transferable skills relevant to the job are viewed more favorably by employers.Transferable skills ensure an individual’s professional resilience and career longevity. Changes and transitions tend to be handled more easily if the individual has the skills necessary to easily adapt to change.Identifying Transferable SkillsIt would be a good idea to sit down and think deeply about this. It is easy to list down all the transferable skills you can think of, but you have to be honest and objective about it, because some of them may not really apply to you.When identifying the transfer able skills that you possess, ask yourself these four questions first:What value can you offer to the company and, specifically, to the job that you are eyeing?Will your educational or academic qualifications be enough to enable you to take on the role and the responsibilities attached to it?How socially engaged are you and what potential connections can you bring with you and offer to the company?How well can you perform, in such a way that you will deliver what is required and, contribute to the enhancement and progress of the company?The questions above will cover the issues on value, intellect, social engagement and performance. But you should also go beyond that. Ask yourself what you are passionate about, particularly in a career context. What is important to you, personally and professionally, and do they relate to each other? What are your strengths and weaknesses? What points are you proud of, and what are those that you want to change, or improve on?By answering these ques tions, you will be able to slowly but surely uncover your transferable skills.Acquiring Transferable SkillsAs more and more employers are putting more weight to candidates’ transferable skills, looking at these skills as points for their employability, efforts at acquiring and developing them are also growing.Unfortunately, we are not born with fully developed transferable skills. Some of these skills may be innate within us, but we have to hone them first to make them actually useful. Here are some of the factors that affect the development of transferrable skills.Culture and upbringing. A child’s environment while growing up is instrumental in the development of his transferable skills. Exposure to various situations and circumstances will aid an individual in acquiring skills, such as communication skills, creativity, organizational skills, personal development, motivation, and analytical skills.Some transferable skills are also imbibed through formal and informal education. Numeracy skills, for example, are learned starting from when a child first goes to school and encountered arithmetic and math. Information technology know-how is also learned from computer classes and lessons. Written communication skills are also honed at school. In some educational institutions, they incorporate arts, humanities and topics on corporate skills, since they acknowledge that these can be transferred to the workplace.Previous jobs. People who have had prior experience in other jobs are often presumed to be more skilled, since they are expected to have faced situations that enabled them to hone these skills while they were in their previous jobs.Hobbies and interests. Sometimes, you can learn a lot from your hobbies. If something interests you, even if it is outside your work expertise, you will be more inclined to learn more about it. In the process, you may be acquiring skills that you can use in other areas of your life.Personal life experiences. Home life, personal relationships, major turning points and life decisions are bound to teach you a thing or two. Although you might not know it, they will also let you develop a skill in the process. There is truth to what some people say, about life being a “continuous learning experience”.12 TRANSFERABLE SKILLS THAT  HELP YOU EARN MORE WHEN SWITCHING JOBSHere are some good news: all of us are born with at least one or two transferable skills. We just have to develop and hone it as we go through the various stages of life, such as growing up, interacting with family and friends, going to school, and entering the workforce. For example, we are all born with the ability to communicate with other people. We are all born with the natural ability to socialize, albeit to varying degrees.When it comes to one’s professional life or career path, there are certain transferable skills that a person needs in order to be able to go up the ladder and be recognized.1. Leadership skillsEmployers are more attra cted to candidates who can demonstrate that they have initiative and the potential to lead. Some of these skills include delegation, taking responsibility, motivating others and the ability to build rapport with other employees, especially the ones that you directly work with.You do not have to be applying for a managerial or executive position to have leadership skills. Employers are more forward-looking than you think, so they will look at your potential as you stay longer with the organization and rise up through the ranks, until such time that your career path takes you to a higher, supervisory position.2. Ability to work with a teamTeamwork is very important in all organizational structures. Therefore, you should show that you are able to work effectively as part of a team or a group. It is a given that entering an organization means working with other people. If you can fit right in, you’d be able to contribute better in the achievement of the organization’s goals.3. Inter personal SkillsThese are also referred to as “people skills”. Your ability for social engagement will definitely work to your advantage. If you have coaching skills, delegation skills, and you can influence others, then you will be viewed as someone with the potential to lead and manage in the future.Read this super interesting presentation on effective interpersonal communication skills.[slideshare id=572591doc=interpersonal-communication-skills-1219903500375587-8w=640h=330]4. Personal Organization and Development SkillsMany things can be inferred just by looking at how organized one’s work is. Your ability to organize, structure and arrange your resources and tasks, from the beginning to end, will put you in very favorable light. This implies that you have your priorities straight, and you have a clear idea on how to go about performing your tasks towards the end goal or objective.5. Administration and Time Management SkillsThis is especially essential in jobs that are bound by deadlines. If you can show that you have excellent time management skills, your bosses will have more confidence that you will not incur any delays and will be able to meet deadlines as they fall due.6. Personal Motivational SkillsYou may have the ability to influence others and motivate them into action, but can you motivate yourself? How do you personally cope when things get rough, both in your personal and professional life? Stress is a constant companion, especially when one is working, but how do you manage it?Your stress management and coping mechanisms will show your potential bosses how well you will be able to handle the workload that will be foisted off on you. It will also be an indicator of your ability to complete your work on time, without compromising quality.7. Communication SkillsThis covers one’s listening, verbal, and writing skills.Listening skills: This is an often overlooked skill by many, but even the most successful businessmen cite it as one of the mo st important skills that individuals must have in order to succeed in business or in the workplace. Part of being observant is being able to not just hear, but to really listen. This means the information heard must be assimilated, processed and understood. Not listening well can lead to misinterpretations, which will then lead to mistakes and errors that could become potentially costly and damaging.Verbal communication skills: The best way to get your message across is to talk about it. If you do not speak up, you will not be able to convey your message and, as a result, not get the result that you want or need. This covers how you address other people and how you talk to them in different circumstances or situations. Depending on the nature of the job, you might be required to speak with groups of people at one time, perform presentations, or be more personal and communicate on a one-on-one basis. If you could pull these off easily, then you have above average verbal communication skills.Written communication skills: Employers also place a lot of value on how job candidates are able to write. There are many aspects looked at, aside from the technical writing skills. They will also zero in on one’s writing style â€" if it fits the job requirement â€" and the content. The best way to demonstrate this is to provide samples of written work.8. Problem SolvingThis is one of the skills that employers try their best to spot among candidates. Troubleshooting and coming up with viable solutions for problems is definitely a skill that requires a person to think outside the box and to look at an issue from different perspectives or angles.9. Research and Critical ThinkingThere are jobs that require a certain degree of research, interpretation, analysis and evaluation. Being able to do research or information-gathering is also a skill that is seen as very valuable, especially in this day and age where almost everything is anchored on the power of information, and how i t is obtained, managed, and used.These skills are good indicators of one’s potential when it comes to problem solving and becoming a leader in the future.10. Numeracy SkillsThere was a time when people were of the belief that you only need to have math and numeracy skills if you are going to work in finance, or in fields that work mainly with numbers and figures. That is no longer the case, since almost all industries involve numbers, which means that you should be able to have even the most basic numeracy skills in order to get by.11. Information Technology Know-HowAlmost all jobs these days involve the use of computers, software and applications. That is why having basic knowledge on information technology is almost always a minimum requirement in all job ads.12. Technical SkillsYou also get plus points if you are able to work with specific machines or equipment.There are certainly a lot more transferable skills that you can include in your personal checklist, but the ones menti oned above are some of the most common ones that employers are looking for.If you are applying for a job or want to shift to another career path, it would be a good idea to look at the job description and try to see if they have a checklist of skills that they are specifically looking for.PRESENTING TRANSFERABLE SKILLS ON YOUR CV OR RESUMEIt is one thing to know that you possess this or that transferable skill; it is another thing to convince potential employers and bosses that you do have them. One of the most obvious steps is to indicate them on your resume or curriculum vitae (CV). But how should you present them? Here are some points to remember:Identify the transferable skills that the employer is looking for. This will help you design your CV better, so you can make it more attractive to anyone who sees it. Read the job advertisements and postings thoroughly. You can also make inquiries, just in case you are missing something or find something difficult to understand.Indicate only the transferable skills that relate to the position you are applying for. You may be tempted to list down all your transferable skills, thinking that the bigger the number, the better. Keep in mind that most employers look for quality over quantity. They may not be impressed with you having a long list of transferable skills when they are not going to be useful for the specific job or task that you are supposed to perform. For example, if you are applying for a sales or retail position, saying that you have technical knowledge in information technology may not make too much of an impact.Although there is no standard CV format, you can try to change it so that your transferable skills are listed before your educational attainment or work experience. This way, the employers and human resource managers will spot them first.Highlight those skills that will emphasize your potential as part of the team or organization. This is what the employers will be looking at, after all. State e xamples if you have to, but do not drone on and on, because you just might bore the employers who are going over your CV.Provide examples, do not just enumerate. Do not let them just take your word for it. You have to be able to readily give examples that will add credence to your claims of possessing such transferable skills.

Racial Divides in the Last of the Mohicans - 1624 Words

Samantha Sandoval 7 February 2012 Racial Divides in The Last of the Mohicans Throughout James Fennimore Cooper’s novel The Last of the Mohicans a common theme of interracial friendship and love and the difficulty it takes to overcome such an obstacle, is shown strongly in the work. In the novel Cooper shows how the America people of European decent treat those that are native, by showing how negatively they treat the Native Americans. Chingachgook and Hawkeye have a friendship that is genuine and deep, bypassing the normal relationship between that of a white man and a Mohican Indian. Interracial love and romantic relationships are condemned in The Last of the Mohicans, for example when, Cora, the older daughter of Munro, is approached†¦show more content†¦Hawkeye and Chingachgook have â€Å"a stark, stripped human relationship of two men, deeper then the deeps of sex.† (Burt 1). Cooper shows just how deep of a friendship these two men can have looking past all of the racial boundaries that are in position from the surrounding society. Despite the way interracial relations between the civilized and the savage were looked down upon Hawkeye and Chingachgook’s relationship continues without any such interference. Cooper makes the relationship important especially in the times of need, during the battle scenes and while they complete acts that make it clear that Hawkeye and his group are the protagonists of the story. This is a strong and deep connection between the two men making a statement for the time period, in which the story is set in. The constant reoccurrence of Hawkeye and Chingachgook’s relationship as friends in the Cooper’s novel shows the power of this symbol. The two men constantly look out for one another’s well being, Chingachgook gives Hawkeye information and reassures him his â€Å"ear shall drink no lie.† (Cooper 32) simply because they are friends. As the book continues the two men and the bond that is between them is pr oven to be deeper then the expectation of the average American community of the time. Through their dangerous journey they stumble upon much conflict, yet instead of burdening their friendship, it only builds their relationship as friends. Without one anotherShow MoreRelatedThe Last Of The Mohicans1552 Words   |  7 PagesThe Last of the Mohicans Thesis This essay will consider why interracial love and friendships use to be important for the survival of some people, how it made conflict amongst people surrounded by one another , and what could have possibly happened if interracial relationships had not been desired. In the book , The Last of the Mohicans. SECTION HEADER The main thesis I wanted to focus on and the only one that caught my attention in this book would be Interracial love and friendships in The LastRead MoreThe Last Of The Mohicans : When Cultures Collide1254 Words   |  6 PagesRaymonde Cenatus Professor Galvin AML 2010 20 October 2015 The Last of the Mohicans: When Cultures Collide Racism and injustice and violence sweep our world, bringing a tragic harvest of heartache and death. – Billy Graham. In recent news there has been much turmoil between cultures and races. On any given evening news programs, one can see violence in Israel as Palestinians and Israelis fight over who deserves the promise land. In the United States, shootings between African American youthsRead MoreRacism From Cooper s Book The Last Of The Mohicans 1818 Words   |  8 Pages A reader of The Last of the Mohicans is able to notice the manifested racism in the book which is perpetuated through the cultural divide and racial stereotypes. Racism from Cooper’s book depicts itself in being one of the contemporary themes in the novel which offers derogatory and stereotypical concerns to people of various races. In a more stringent analysis, the racial stereotypic statements from the book drive racial and cultural tolerance along with the societal inequalities which are setRead MoreRepresentations of Native Americans in Disney Productions from Peter Pan to Pocahontas2838 Words   |  12 PagesNative Americans in mainstream film, the answer is predominantly no. Even when films such as Broken Arrow (Daves, 1950) seem to positively show the Native Americans, the representations are often problematic because they are still rooted in the â€Å"racial ideologies that reflect unexamined notions of Native American culture [albeit] on the part of the director [or] the part of North American society as a whole† (Raheja, 2013, P. XII). A common stereotype also used to represent the Native Americans

Coryphodon - Facts and Figures

Name: Coryphodon (Greek for peaked tooth); pronounced core-IFF-oh-don Habitat: Swamps of the northern hemisphere Historical Epoch: Early Eocene (55-50 million years ago) Size and Weight: Up to seven feet long and half a ton, depending on species Diet: Plants Distinguishing Characteristics: Squat body; quadrupedal posture; semiaquatic lifestyle; exceptionally small brain About Coryphodon A mere 10 million years after the dinosaurs went extinct, the first giant mammals, the pantodonts, appeared on the planet--and among the biggest pantodonts was Coryphodon, the largest species of which only measured about seven feet long from head to tail and weighed half a ton, but still counted as the largest land animals of their day. (Its important to remember that mammals didnt suddenly spring into existence after the K/T Extinction; they existed alongside bigger dinosaurs for most of the Mesozoic Era, but in small, shrew-like form, cowering in the tops of trees or burrowing underground for shelter.) Coryphodon wasnt the first identified pantodont of North America, however; that honor belongs to the slightly smaller Barylambda. Coryphodon and its fellow pantodonts seem to have lived like modern hippopotami, spending a large part of their day in weed-choked swamps and uprooting plants with their powerful necks and heads. Possibly because efficient predators were in short supply during the early Eocene epoch, Coryphodon was a relatively slow, lumbering beast, equipped with an unusually small brain (only a handful of ounces compared to its 1,000-pound bulk) that beckons comparison with those of its sauropod and stegosaur predecessors. Still, this megafauna mammal managed to populate most of North America and Eurasia during its five million years on earth, making it a true success story of the early Cenozoic Era. Because it was so widespread, and left so many fossil specimens, Coryphodon is known by a bewildering array of species and outmoded genus names. Within the last century, it has been synonymized with the would-be pantodonts Bathmodon, Ectacodon, Manteodon, Letalophodon, Loxolophodon and Metalophodon, and various species were described by the famous 19th-century American paleontologists Edward Drinker Cope and Othniel C. Marsh. Even after decades of pruning, there are over a dozen named Coryphodon species; there used to be as many as fifty!

Learning Objectives Free Essays

Unit 1 Learning Objectives for Course Content Topic: Reading/Listening Strategies 1. Identify which component of the Model of Strategic Learning Reading and Listening strategies fall under and why. 2. We will write a custom essay sample on Learning Objectives or any similar topic only for you Order Now Relate reading and listening strategies to the pillars of being a strategic learner. 3. Explain what is meant by reading/listening being a â€Å"constructive process. † 4. Discuss how the three components of constructed meaning — author, reader, and text — influence the reading process. Be able to give examples of each. 5. Summarize the results of research conducted about speed-reading as discussed in your student-reading packet. . Identify the purposes of pre-, during- and post-reading strategies. Be able to give examples of strategies from each category. Topic: Note taking Strategies 1. Identify which component of the Model of Strategic Learning note taking falls under and why. 2. Relate note-taking strategies to the pillars of being a strategic learner. 3. Explain the Cornell and SUNY methods of note taking. Discuss how using these methods of note taking help a student to be a more active learner. 4. Identify examples of pre-, during- and post-note taking str ategies. Also, explain the purpose of each of these categories of strategies. . Demonstrate awareness of which note taking strategies would be most appropriate given specific learning situations. 6. Describe the interaction between note taking and the components of the Model of Strategic Learning: skill, will, self-regulation and the academic environment. Topic: Attitude (ATT) 1. Identify which component of the Model of Strategic Learning Attitude falls under and why. 2. Relate Attitude to the pillars of being a strategic learner. 3. Define and give an example of a â€Å"useful† goal. 4. Discuss how each element of a useful goal can influence a person’s motivation to achieve the goal. . Discuss and give examples of goal conflict and goal commitment. 6. Discuss and give examples of goal ownership. 7. Define and describe the difference between enabling goals, short-term goals and long-term goals. 8. How are wishes and dreams different from goals? 9. Discuss how values an d beliefs influence our goals. 10. Discuss and give examples of the three types of goal orientations. Topic: Model of Strategic Learning 1. List and discuss the four components of the Model of Strategic Learning, and give examples of each. Explain how each of these components can contribute to academic success. 2. List and explain the 4 pillars (characteristics) of strategic learners. 3. Discuss why one should strive to be both effective and efficient in learning. 4. Describe the purpose of the Model of Strategic Learning. 5. Discuss and give an example of how the Model of Strategic Learning is interactive 6. Explain which components of the Model of Strategic Learning are or are not generally under the learner’s direct control. Topic: Information Processing (INP) 1. Identify which component of the Model of Strategic Learning Information Processing falls under and why. 2. Relate Information Processing to the pillars of being a strategic learner. . Discuss and give examples of how learning is an active process. 4. Discuss and give examples of the three categories of knowledge acquisition strategies: rehearsal, elaboration and organization. Be able to determine which category of strategies is best suited for a given situation. 5. Discuss how memory works according to the memory continuum. How can we make information meaningful and get it into long-term memory? 6. Explain the difference between fluency and flexibility in terms of knowledge acquisition strategies. How is being fluent and flexible important for strategic learning? . Discuss the difference between â€Å"working hard† and â€Å"working smart. † How do these terms relate to strategic learning? 8. Discuss how your goals are related to selecting information processing strategies. Topic: Self-testing (SFT) 1. Identify which component of the Model of Strategic Learning Self-Testing falls under and why. 2. Relate Self-testing to the pillars of being a strategic learner. 3. Describe and give an example of the comprehension monitoring process loop. 4. Discuss what is meant by the term â€Å"triggering event† in relation to comprehension monitoring. 5. Explain the difference between unfamiliar information and unconfirmed expectations. 6. List and define the strategies used for dealing with unfamiliar information and unconfirmed expectations. 7. Discuss why the â€Å"illusion of knowing† can create problems for a student. Topic: Systematic Approach to Learning 1. Identify which component of the Model of Strategic Learning the Systematic Approach falls under and why. 2. Relate the Systematic Approach to Learning to the pillars of being a strategic learner. 3. Name and discuss the 8 steps of the Systematic Approach to Learning. Give examples of each step and discuss why each step is important (i. . , what would the consequences be if any one step was omitted). 4. Discuss the difference between formative and summative evaluation. 5. Discuss what a strategic learner should do when he/she discovers a plan is not working. Topic: 5 Types of Knowledge 1. Identify which component of the Model of Strategic Learning the 5 Types of Knowl edge falls under and why. 2. Relate the 5 Types of Knowledge to the pillars of being a strategic learner. 3. List, describe, and give an example of each of the Five Types of Knowledge. 4. Explain how each of the 5 Types of Knowledge can be useful when using the Systematic Approach. Topic: Motivation (MOT) 1. Identify which component of the Model of Strategic Learning Motivation falls under and why. 2. Relate Motivation to the pillars of being a strategic learner. 3. Describe and give an example of the two general categories of beliefs (self-sabotaging vs. enabling) one might experience and how these beliefs relate to motivation. 4. Describe and give an example of high and low self-efficacy. 5. List and discuss the three factors that influence self-efficacy and give examples of each. 6. List and discuss the factors that self-efficacy influences and give examples of each. 7. Discuss the difference between a) internal vs. external, and b) controllable vs. uncontrollable attributions. 8. Describe and give examples of the four types of attributions and how each relates to motivation. 9. Discuss how attributions interact with self-efficacy. What kinds of attributions are likely to lead to higher self-efficacy? 10. Discuss and give examples of how affect toward learning can enhance or interfere with the learning process. 11. Discuss the difference between internal and external motivation. 12. Describe and give an example of the difference between a student’s attitude and motivation. How to cite Learning Objectives, Essay examples

Business Strategy Module Tata Nano company

Question: Discuss about the Business Strategy Module Tata Nano company. Answer: Critically discuss the pros and cons encountered by Tata Nano company in the deployment of the cost leadership strategy. Cost leadership concept used in business strategy is developed by Michael Porter for establishing the competitive advantage, with a goal of providing product or services at lowest cost in the industry. Using the cost leadership strategy, Tata Nano uses the lowest cost of operation on the market which is also based on the company size, scale, efficiency and cumulative experiences. The car is mounted with a 624cc engine which provides 50 miles for a gallon of fuel. It is basically safe, affordable and all-weather transport. Ratan Tata using the cost leadership strategy accomplished his vision of introducing a small car within the range of $2500 (?1 lakh), as an affordable family car. It was a strong statement coming from an Innosighter. After all, we have been talking about the disruptive potential of the peoples car priced as low as $2,000 for years. The approach is indeed effective as it visions to capture the medium to small income-class people thereby offering a scope of acquiring luxury automobile (car) at affordable cost. With the adoption of this strategy, Tata Nano gained several advantages which include achieving high asset turnover. The company produced the cheapest car from the mother plant and manufactured the complete car by using FIAT, which is the best disruptive engine technology of the current time. Low direct and indirect operating cost is maintained by the company with measures like lowering the bargaining power of suppliers as 97% of the parts are sourced locally, and there are 20 companies for the supply of 70% of its components. In the initial stage, the company could make very little profit, as it could not meet the sales target and economy scale. This is reflective with their total sales from 2009 to 2011 as 110,794 units. Its been a rough season for Tata Motors much-publicized peoples car, the Nano. In November, while overall auto sales in Indias booming economy rose more than 22%, Tata sold only 509 Nanos, down precipitously from the 9,000 it sold the previous July, news thats been trumpeted in disparaging headlines from New York to Sydney. However, later it could drive the attention of the middle class, and it is reflective in the 2012 report where the sales of two fiscal years reveal 70,000 units. It is noteworthy to mention that India is the worlds second largest manufacturer of motorcycles, with annual sales excelling 8.5 million by 2009, and hence the vision of Tata to provide affordable cars which can replace the motorcycles, also symbolises that India up rises in terms of affordable luxury items. In conjunction with the cost leadership, it is noteworthy to mention that Tata Nano adopted Blue Ocean Strategy, in which the market space remains uncontested. Moreover, the competition to this product is also found to be irrelevant as they capture the new market demand by offering a leap value with streamlining of the cost. Expectations could not have been more public for what the Sydney Morning Heralds Amrit Dhillon referred to as the pop star of the car world. On the other hand, similar leadership is considered to be difficult by other companies, as bringing technology innovation at the minimal price will be difficult for other automobile companies. However, despite these advantages, there are certain disadvantages which the company has to suffer after the launch of the product. The production of small car Tata Nano was announced to be produced in Singur in West Bengal in 2006 by Tata Motors, which proved to be a failure due to land controversy, which in turn leads to shifting of production plan as well as a delay in production of its first 100,000 cars for more than 18 months. Moreover, due to the change in factory location led to delay in project which ultimately resulted in decrease in production volume. On the other, large initial demand required the company to build the car at scale from the outset, which proved publicly problematic when the company ran into problems purchasing land for a new factory in West Bengal. Moreover, the prime target of Tata Nano are the price-sensitive customers, who choose the product because of less price. Thus, there is always a chance of lower customer loyalty, as the company has its nearest competitor Maruti 800. Tata Nano has a reputation of cost leader, which ultimately made a reputation of low quality. Instead of the usual pair, it has only one windscreen wiper and it has no fuel filler cap, excluded power steering and power brakes and no airbags. Now in the present day, to equip the car with more luxurious and necessary features, the company has added to the cost, which eventually dissatisfied the price sensitive customers. He went on to detail how in the late 1990s he bought a used Maruti 800 for about Rs 1,05,000 (about $2,250). The car had features the base Nano lacks like a cassette player and air conditioning. He sold it in 2001 for Rs. 95,000 (or about $2,000). Importantly, soon after sales, the technical difficulties and servicing problem related issues also arises within one year, that makes the customer unsatisfied. On the other hand, the rivalry companies offered genuine price with cost differentiation in terms of managing quality along with price, such as H800 from Hyundai, Maruti Cervo prices within 1.6 to 2 lacs offer potential threat to the Tata Nano. According to a report by Akhtar et al. (2013), the customer survey suggested that Nano remains in-between competition with motorcycles, whereas products from rivalry companies are comparatively expensive, but offer valuable services and product longevity, because of which Tata Nanos share in market goes down. Overall, the cost leadership dictate only offering of affordable car, which fails to maintain the quality consideration and thus reduced its attractiveness in front of younger generation having more buying power and desiring for quality aspects. Thus, Nano does not seems to be a c ar to have attracted its targeted market, and even they felt the car lack certain necessary features. The prime features in the car like power steering, air-conditioning and electric windows are not in the car for the customers, which made the customers to think twice before purchasing. A cheap car thats not really cheap. A safe car whose safety has been questioned. A poor peoples car that poor people arent buying. That sounds like a failure, certainly. Assess the industry attractiveness to a new player who is interested in this segment. Porter 5 forces, discuss what are the other factors you need to consider when entering into a new industry. Rivalry with Existing Competitors According to the case given, the new product should hold minimum cost as that of established companies. In the present case, the new player interested in the similar segment of the low-cost car (automobile), Tata Nano and having the cost leaders advantage. Rivals such as Maruti Alto, Maruti 800, and Hyundai i10 are on the same price level, targeting the same group of customers. These rivalry companies have lower significance with regard to cost leadership, these companies have a better advantage in terms of cost differentiation as their prices range from 1.6 to 2 lacs which are comparatively higher, but they have a better advantage in terms of quality aspect. Most of the customers prefer qualitative advantage with a minimum increase in price, which prevents regular servicing of the car. Thus, there is extremely high risk and threat from the rivalry and existing companies, which as a result might decrease market attractiveness. Then it turned out that the car doesnt really sell for 1 lakh. In fact, the New York Times reports, a fully equipped Nano sells for only about $800 less than the Suzuki Alto, which has a bigger engine, more storage space and a longer track record than the Nano. That last factor is particularly important in the wake of dramatic accounts of some Nanos bursting into flames, an unfortunate irony for a car touted as a safe. Bargaining power of the buyers - The newer market can also take advantage of global stratification by affiliating with Third World countries for outsourcing of parts, obtaining skilful labours, which later can be assembled for selling in Indian market. With such provision, it would be easier to reduce the unit price. Providing the product with minimum price and streamlined features leave the customers with less bargaining power and there is moderate risk which consequently increases market attractiveness. Bargaining power of Suppliers - The new product should source all its parts as reasonable cheap price, which would lessen the chance of vendors to use their power. Importantly, the quality aspect of these products must be retained that can manifest the quality aspect as well as the cost consideration for their products. As the company includes only 20 companies for supply of its majority of components and most of them are sourced locally, lowers the bargaining power of these suppliers. This as a result decreases unit cost and also threat of suppliers and increases market attractiveness. Notably, the provision of global stratification for selection of suppliers is applicable in this regard as well. But low price and lower quality is not necessarily quite the same as low cost, no frills. Threat of potential entrants - The new product can resist the entrance of new products by becoming cost competitive on a large scale, and the new entrants will take time for moving down the learning curve. Ford, Hyundai, and Renault Nissan are planning to release car at $7600, $3700, and $3000 respectively. Maruti 800 is already established in the market. Therefore, there is threat from potential entrants into market and chance of reduction in market attractiveness. Price at around 5000, the car was certainly not ultra-cheap, but it was certainly competitive. Product substitutes - Being the cost leader, the product should make investments for creating alternatives. It should purchase patents (for disruptive technology) developed by potential substitutes by lowering the price to maintain value position. However product substitute like motor-cycle has less threat to this product, as with a minor increase in price the rising population of Indian middle class customer can afford a car, which increases the market attractiveness of the product. Nor, it seems, is the car popular with its original target market. Nano customers are not upgrading from motorscooters, Dhillon reports; theyre people looking for a fun, trendy second car for running errands. It is worth mentioning that for the successful marketing and sales in the industry, the new product should adopt the strategies as similar to that of Tata Nano. Basing on the cost leadership strategy, the product should become the low-cost producer in the industry. While succeed in providing the lowest price with simultaneously achieving the profit and high return on investment, the product should also be able to operate at the lower cost than the competitors. Within the value chain framework, access the core competencies held by Tata Nano and how this supported its competitive advantage. The primary activities involved in the value chain framework depicts the core competencies of Tata Nano, as dictated in the below mentioned points: Inbound logistics - It holds the long-term contract with the service providers related to agents, suppliers, contractors and transporters. Having more than 300 distribution centres all over the country, it uses the logistics more effectively than its rivals Maruti-Suzuki, Ford and Mahindra and Mahindra. For the smooth logistic operation, there are personnel at each regional office with effective storage and retrieval of goods. Thus, its innovative process of price adjustment, production, distribution strategy, and marketing makes it different from other competitive companies. But really its not. Its par for the course for almost every breakthrough innovation. Theres nothing unusual about a company having to adjust the price, the production process, the marketing, or even the market of a breakthrough offering. Operations - It includes strategic alliances related to the capital equipment manufacturing division and apprentice trainee course for effective operation and production management of Tata Motors. The company spent years for perfecting the craft of the car with the help of efficient engineers and ultimately made entry into the market with less publicity business have greater effect. Outbound logistics - Tata Nano is operated in different locations all over the country, which includes Odisha, Maharashtra, Karnataka, Andhra Pradesh, Uttarakhand and Gujarat. It holds long term contract with the transporters for ensuring the competitive price. It might not have been easy, but had Tata piloted the Nano quietly, on a small scale, perhaps through a limited production run in a small city like Durgapur in West Bengal or Ranchi in Jharkand, its engineering, pricing, financing, and marketing might have been adjusted far from the limelight to suit the needs of an optimal target customer Marketing and sales - According to the market demand and QFDs conducted at regular durations, Tata Nano clearly identified the product requirements, which ultimately led to innovation in the product. It provided breakthrough facilities like test drives, pre-booking, distributed manufacturing and new commercials. For marketing purposes it invested small amount equally on all the three printing invention approaches related to e-books, billboards and radio-paper products. A far more common path to success is the one forged by E Ink, which early on envisioned several potential applications of its printing invention- billboards, radio-paper products, and e-books. Notably, there also exists robust support activities involved in the value chain framework depicts the core competencies of Tata Nano, which include following elements, such as: Technology Development- Tata Motors uses approximately 2% of its total yearly profit for the research and development process with the help of 2000 skilful engineers. It uses the widespread prototype building and testing facilities for the production process. For emphasising the technology, The Nano is a 5- door 4-seat car with a rear mounted 624cc engine. Human resources - The company increased its total workforce to approximately 23000 at the Jaguar Land Rover and recruited the highest of ever intake of more than 330 graduate trainees. From an employee engagement survey, it was found that its employee satisfaction rate increased to 65%. The Tata Nano is different. The diversified Indian conglomerate Tata is best known as the worlds leading tea company, but it has bought Jaguar and Land Rover from Ford in the recent past. Firm Infrastructure the company has well equipped firm infrastructure for production and warehousing purpose. Large product portfolio, best in class building prototype and SAP technology is used in the firm infrastructure. The Nanos price changes, the new maintenance contract Tata is rolling out to assure buyers of quality, the test drives its introducing, the new smaller showrooms, and the new commercials all widely discussed in the press should not really be news.

Daughter acrobat Review Essay Example

Daughter acrobat Review Paper Essay on Daughter acrobat Daughter and son fantasy acrobat Back in the 19th century, Anatole France said, the best of the books the ones that give the most food for thought, and at the same time on a variety of topics. So, I carry a book Jostein Gaarder Daughter acrobat to the best. The day for which I read it, I would call a day in another world. I actually lived with the characters in this book, and it was very difficult to break away from these pages that attracted me with him to the gates of another world the world of fantasy. It is with these pages I have gained a new friend Petter, anyway Spider, the main character of this book. In life, he goes with fantasy hand in hand. She pursues him or is it? But the destiny prepared for Petter such surprises and stories are similar to those which he supplied the writing fraternity. He chose this path. It was he who was ordained him. Because he is not like everyone else. He Spider. He snared his web of the whole world, and finally himself in it, and confused. Happiness was very close. Yes, ordinary human happiness a beautiful wife, baby daughter. But this happiness was not for him, not for the spider. He chose a different path or the path chosen him ? This is the way a lot of obstacles and errors. Way of the S pider. He proved this web enmeshed with the most dear to him people. Authority of Her Majesty Fantasy drove it to a standstill. One can only hope for a miracle. We will write a custom essay sample on Daughter acrobat Review specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Daughter acrobat Review specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Daughter acrobat Review specifically for you FOR ONLY $16.38 $13.9/page Hire Writer He was two steps away from happiness, but they have not met he was destined to a different fate. Unusual craft, the unusual love two loves, one unfortunate friend. And love for fantasy, which, in my opinion, he has blocked the way to happiness. But it is not for us to judge Spider he has lived an interesting life, His life, which is not similar to the lives of millions of others. He did not know what to leave eight to work, smacking his wife goodbye, that is to come home to a hot meal, princess-daughter. But he knows a lot of other things that are alien to us. The book was a very unusual and fascinating. It really gives a lot to think about where it is, happiness, whether it is the same for everyone? The fact that the means of your life for someone fantasy it is life itself. And in the end, these concepts are confused and are woven into one unit, which is already impossible to disentangle. This is my vision of this book it would be interesting to know your opinion

How to Live Every Day Like Youre on Vacation

How to Live Every Day Like Youre on Vacation Vacation Mind â€Å"We’re on vacation!† my father would shout, whenever he made a choice to spend money on a normally extravagant purchase. Whether or not we were actually on vacation, his pronouncement would signify that financial caution was being thrown to the wind in service of whimsy and pure fun. Doors opened wide and anything seemed possible in those moments. I inherited my father’s sense of vacation-induced freedom. On a recent trip to Portland, I watched myself not only making unusual purchases, but also engaging in activities that I might not otherwise entertain. I got up early my first day to go hiking by myself in the rain. I bought food from food carts. I drove 2 hours to spend one night at Breitenbush Hot Springs. I bought a chocolate blackberry tart at a famous bakery. I chased sunsets. Although I also kept up with my work schedule, my mindset was definitely one of being on vacation. Beginner’s Mind When I returned home to Madison, I kept my sense of adventure with me. While I certainly won’t do this every day, I bought a treat from a well-known bakery a few blocks from my house that I had never before patronized. I tried out a restaurant I’ve been wanting to go to for many months, and that I have passed by literally hundreds of times in the last 7 years. It’s like I came back home with a â€Å"beginner’s mind,† ready to discover the new in the familiar of my life. Wherever You Go One of the items welcoming me home was a children’s book by Pat Zietlow Miller, Wherever You Go. The story, wondrously illustrated by Eliza Wheeler, is replete with metaphor as it examines the comings and goings of roads. Literal roads, like the roads we follow in life, can take us pretty much anywhere, allowing us to explore and connect in adventurous ways. They allow us to take a vacation from the routines we fall into in our daily lives. And then, for those of us lucky to have one, roads take us home. I find myself wondering: Why should coming back to â€Å"where the heart is,† mean we no longer take opportunities to zig and zag? To cross bridges, climb mountains, and chase clouds? Yet this is often how we experience home. Adventures at Home As I was showing pictures of my Portland trip to some of my yoga friends, while quietly drinking tea at my favorite studio in Madison, they marveled at the beautiful sunsets I had captured on my smartphone. They were oohing and aahing over the last sunset image when I pointed out the caption: â€Å"Sunset over Lake Mendota.† That picture was from before my trip. Lake Mendota is right here where I started, in Madison, Wisconsin. To be sure, I don’t have to go far to create life adventures. And the next time I see the colors of the sunset brimming, I will gleefully shout â€Å"I’m on vacation!† and go chase after them.