Sunday, October 6, 2019
Employer of Choice Assignment Example | Topics and Well Written Essays - 500 words
Employer of Choice - Assignment Example ng the five most important elements or criteria that I look for in a prospective employer are those factors which fit my lifestyle, accommodate my need for a personal life outside of work, and are also flexible. Health Benefits- Health insurance is becoming increasingly more important as the cost of health care continues to rise. Health insurance, though not something we use every day, can be considered a form of personal risk management, spreading risk out among a number of individuals, thereby preventing the possibility of personal catastrophe should something happen. This is a high priority when I am choosing potential employers. Opportunity for promotion and growth. With goals of moving up the corporate ladder it is important that the company that employeeââ¬â¢s me allows me the opportunity to expand and increase my skills and abilities, preventing any position from becoming stale as I strive to take advantage of promotion opportunities and positions offering more responsibility. A wage or salary comparable to the median to upper range for the type of position that I am seeking. Because I know that I am well trained and educated in my field I expect to be compensated on a level between the median and upper level as reported by various consulting companies. A company that is financially secure and solid. A company that is well established and strong will ensure that there is less risk of layoffs, closureââ¬â¢s and staff reductions, while also providing more opportunity for professional growth. Edward Jones is currently seeking financial advisers and branch operators and provides extensive training in order for their employees to be successful. They also offer generous benefit packages, employees have schedules that promote a healthy family lifestyle, offer extremely competitive wages and as a company are financially solid and secure. Edward Jones is also rated number five by Fortune Magazine in 2012ââ¬â¢s best companies to work for (Jiminez). Though Boston
Saturday, October 5, 2019
Business Decision Making Discussion Essay Example | Topics and Well Written Essays - 500 words
Business Decision Making Discussion - Essay Example 7) Should be able to multi-task occasionally. 8) Should be able to start work immediately. Generating alternatives: On the basis of evaluation of applications received, following alternatives were worked out: 1) Consider hiring a fresher as a part time contractual person with a training period during which he will be given a stipend and to award a salary and benefits when s/he is adequately groomed. 2) Hire an experienced part time contractual person. 3) Hire a freelance copywriter and ask him to do a few evaluatory pieces of copywriting on given subjects before finalizing her/his appointment and monetary deal. Rate each alternative on each criterion: 1) The first alternative did not match any of the criteria, because the company had neither the time nor the resources to groom a prospect. Besides, the trial-and-error methodology did not match with the company's immediate result-oriented need. 2). An experienced part time contractual person, although being compatible with all the criteria, was proving to be a costlier alternative than the freelancer.
Friday, October 4, 2019
How the East Has Created Opportunity In Adversity for Uniting And Research Paper
How the East Has Created Opportunity In Adversity for Uniting And Reinforcing Its Community - Research Paper Example more, reports have been made of the total abandoning of the indigenous Chinese music, which was otherwise expected to serve as the dynamic community identity of the people of China (Nicholls, 2013). In other countries of the East, there are prevailing influences of foreifn language in the core educational curriculum of their schools where native languages that used to be the lingua franca and medium of instruction no longer exit (Hyer, 43). There is also a prevailing situation characterized by total neglect for the core Eastern culture of manners and courtesy that was rooted in the type of family system that was practiced before (Zhang, 2013). In such countries, the nuclear family system has taken the place of extended family system and thus led to an individualistic society being created. Effect of Western influence on the East With multiple cases and instances of the overflow of Western culture in the East, particularly in areas of music studies in schools, debate has gone on as to what the possible effects and repercussions of the phenomenon could be for the East. In the opinion of some commentators, the effect has actually started already and is negative effects. Leffer (98) has for example stated that the East has currently lost its cultural identity, which could be nurtured into a very important economic competitive advantage for the region (Prakash 35). Indeed, there is sufficient evidence to back this claim, even though counter arguments exists. A typical evidence of this is the fact that when the East is able to consolidate its community through the preservation of its cultural entities, it would be in a position to brand most of its products and services as peculiar brands, that would have had trade patronage for the fact that it was unique to the East. A... This article stresses that there has been other form of opportunities that the East has created in adversity for uniting and reinforcing its community. One of these is by coming out with a number of groups, organizations and agencies that gather the collective community identities of the larger East into a common forum or platform, where there can be a larger representation of the ideas and ideals of the East. This paper has been a very useful academic exercise in identifying the state of the East in terms of the preservation of the values of its community, as rooted in the exhibition of Eastern culture. Generally, it has been realized that globalization has taken a very bad side of the East, whereby it has brought about a penetrated urge for cultures of non-Eastern origins to take dominion of the Eastern community. It can be concluded that as much as globalization and trans-cultural existence may have its own advantages and merits, these advantages can never be compared to the benefits that the East derives by holding on to its own cultural heritage, values and principles. The benefits are actually estimated to be diverse and take all forms of Eastern civilization including political importance, economic importance, social importance and environmental importance. It is not surprising therefore that various advocacy groups have showed up in a bid to help in the promotion and reinforcement of the East as a community.
Thursday, October 3, 2019
The Bauhaus Essay Example for Free
The Bauhaus Essay The Bauhaus is an institute for education of German architecture, industrial art and handicraft. The architect Walter Gropius founded it in Weimar in 1919. In 1925 the Bauhaus moved to Dessau, into a radically modern building, for the time, designed by Gropius. The New Bauhaus Art Institute was opened on 4th December 1926. The building complex was made of steel and glass. It was considered an architectural masterpiece. The Bauhaus was influenced by the term Truth To Materials because one its main principal is functionality. The rejection of principles is also an important influence. The designers tried to look at design completely differently than the status quo. They tried to look at things purely and simply. The Bauhaus designers did not use extravagant materials this made their designs affordable and available to the general public. The term form follows function means that if you design something, purely thinking about the function, a form will follow that meets the original function. The Idea comes from the American architect Louis Sullivan. Most of the designs from the Bauhaus follow this idea. The teaching methods of the Bauhaus are still used today. One year is spent in the university doing a variety of subjects before the pupils spend three more years studying one of the topics that they studied the first year. Marianne Brandt is an important figure in the history of modern design. Her metal designs such as the Kandem flexible bedside light (1928) and the 1924 ashtray revolutionised the design of metal ware she is also important because she was one of the first successful women designers. Here products are still made today by the Italian giants Alessi. Marcel Breuer was a master of creating simple, light and functional furniture. He was an innovator and he introduced new technological advances to design. Designs such as the 1925 Wassily Chair and the Table Laccio demonstrate his talent. Normally a prototype was as far as a design went in the Bauhaus, this is because students didnt have much money and so they couldnt afford to fund the mass production of their designs. Another reason is that this happened is because many of the designs werent desired enough by the public, to be mass-produced. I think that the Bauhaus is a very important part in the history of art. It deserves the prestige it receives as the centre of a revolution in art and design education It has produced some of the most memorable pieces of design in history and you can see how much it has inspired the designers of today just by looking at the functionality and simplicity of their work. I am sure that the Bauhaus will continue to inspire the designers of the future. The term less is more is applied to pieces of work from the Bauhaus because of the simplicity and lack of extravagance of most of the pieces creates a bigger impact that a fancy and complicated design. This is because most of the design during the time of the Bauhaus was lavish and complicated. Modern design centres on functionality and simplicity. Minimalism has a very important role to play in modern design. For me this movement plus a lot of other ideas, such as ease of mass production, started at the Bauhaus.
Wednesday, October 2, 2019
Product Marketing Element in the Luxury Car Industry
Product Marketing Element in the Luxury Car Industry Preface This essay discusses the role of product (a marketing element) in the luxury car industry. Various frameworks of strategic marketing management are reviewed and applied to the context of the luxury car industry. The essay argues that product decisions should not be done in isolation, as they are rather complex concepts that transcends the physical products itself, so a comprehensive approach is necessary during the strategic marketing process. Many of the business functions, including but not limited to marketing, have received strategic relevance in contemporary business discussions (Olson et al. 2005). This means that marketing is viewed (i.e. strategic marketing) as a strategically important component in business decisions in order to better reach and satisfy customers and to improve organisational performance (e.g. productivity and profit). Therefore, marketing should not be considered as a distinct business function that is only involved in promoting the product and sensing customer needs (Caru, 2008). In reality, strategic marketing closely collaborates with other functions to effectively differentiate from competing firms in a particular market by answering three rudimentary questions, which are where, and how the organisation should compete. This means that if strategic marketing is applied, it is well probable that strategic planning will have a close and an intensive dialogue with the marketing department (Smith et al. 1999). This essay intends to critically analyse the role of the product marketing mix in the luxury car industry. The reason why the product marketing mix was chosen is that this element plays an elevated role for those industries where there is a physical product sold (Trott, 2011). This does not mean that in other more service orientated industries (such as the banking and financial sector) the product mix have a lower role, however, marketing managers may want to focus more on other elements of the marketing mix to deliver an enhanced customer experience. Generally speaking, the key criterion for product is that it must satisfy existing or emerging customer needs in competitive markets, so organisations must place an extra emphasis on communicating why their products are superior to that of their competitors (Grà ¶nroos, 1997). This could be particularly true in the luxury car market industry where the competition between existing brands could be intensive. Short overview of the industry and its trends First and foremost, a key distinctive factor of the luxury car market is that its performance (i.e. sales volume) is less affected by changes in the macro environment (Bordley, 1993). The recent financial crisis severely hit the car manufacturing industry, however, the demand fluctuation in emerging markets was offset by a growing desire for luxury cars in emerging markets, such as China and the Middle East (Rapoza, 2014). The luxury car market is dominated by three brands, which are Mercedes Benz, BMW and Audi, altogether controlling the majority of the sales in this sector (Behrmann, 2016). The industry is expected to grow in the future, however, manufacturers and resellers must ensure that they closely follow developments in their external environment. The aforementioned brands are expected to maintain their market leading position, however, many other brands (such as Vauxhall) are also trying to enter the luxury market, mainly through by changing their product mix (i.e. the use o f premium materials in the interior or including such design features (e.g. large diameter wheels) that used to be the hallmark of luxury car products (Morton, 2013). The relative importance of the product mix in the luxury car industry It is widely understood that organisations must first carry out an internal analysis if they are pursuing strategic marketing and if they want to ensure that their products will be successful in their selected market(s) (in this case the luxury car industry) (Stevens et al. 1993). According to the 5C framework, organisations should analyse their customers need, their resources to produce and distribute a particular product, their industry context, competitors strategy, performance and whether or not forming strategic alliances could be a rational choice (Kaynak, 2005). To give relevant examples to the luxury car industry, the following assumptions regarding the 5C model could be taken: exiting and unsatisfied consumer needs (need for safety, prestige, luxury feeling without compromising the automobiles functionality); company resources: does the organisation have access to luxury suppliers or does it possess the necessary skills and expertise to manufacture luxury goods in house (e.g. high performance engines for Mercedes Benz AMG performance line cars); context: the products must follow changes in the external environment (e.g. growing interest towards electric cars or other miscellanies changes); competitors: identification of competing firms and benchmarking against them to develop a differentiated product; collaborations: is there any opportunities to form strategic alliances with suppliers? Many luxury cars openly associate themselves with other brands (e.g. Brembo). Once an organisation has assessed the above mentioned constraints (and preferably devised strategies to overcome these), the constraints must be linked with the marketing mix. Although this paper solely focuses on the role of product in the marketing mix, it must not be forgotten that strategic marketing may only contribute to organisational success if an integrated approach is adopted (Keller, 2001). The STP process (segmentation, targeting, positioning) is also a critical part of this holistic methodology, so product decisions must also be consistent with the selected market(s)s needs. Therefore, achieving business success is done through the development of a close with between the product, the customer and the marketing (Mohr et al. 2009). As such, a luxury car must have those product attributes which are sought after by the luxury car customer and the external communication strategy (i.e. the marketing communication) should clearly set out a product that is highly valued by poten tial customers (Martin, 1998). The product levels in the luxury car industry Despite the fact that the author of this paper previously argued that products are often perceived to be physical items, the theory of product levels illustrate that successful organisations must address all layers of the of product level diagram (Kotler et al. 2016). These levels are hierarchical, so the suggested holistic approach is also recommended for product management in order to ensure that customers are provided with a consistent product experience, given that each level closely reflects the target markets (luxury car buyers) expectations. The core product (even if it name suggests otherwise) is an intangible element of the product. It essentially entails the realisable benefits from the product use. In general terms, people purchase cars to facilitate their transportation from point A to point B, as other alternative modes of transportation (e.g. bus, taxi, walking à ¢Ã¢â ¬Ã ¦ etc.) might not satisfy customer needs. The basic transportation need is overly generic for luxury car manufacturers, so understanding the psychology behind purchasing a good that well exceeds realistic customer needs is of paramount importance (Shukla, 2012). Luxury cars are seldom purchased for their convenience other car makers could perfectly satisfy transportation needs too, so there has to be another rationale behind a high value purchase. Although this paper is too short to enlist the possible psychological factors influencing luxury car purchases, it is realistic to assume that these decisions are overly driven by emotions (Kapferer , 1998). People driving luxury cars intend to communicate their status or they want to leverage on state-of-the art technology and safety features that somewhat counterbalance the irrational choice of luxury cars. Correspondingly, luxury car manufacturers must convince prospective buyers of the presence of these attributes, and seemingly the three market leading brands are succeeding. BMW, Audi and Mercedes Benz are recognised as status brands and their technological advancement and safety features are well above the industrys standards. In essence, this is the first step that customers examine before they actually visit a luxury car saloon to discuss further details of the product with a sales associate. The next product level is more tangible in its nature, as it encompasses the actual product (the actual car model, e.g. BMW X5, S-Klasse or S6) and its visual aspects (such as colour, style, quality, chassis contourà ¢Ã¢â ¬Ã ¦ etc.) (Kotler et al. 2016).Ãâà Even though it is hard to separate this level from the actual product, it is important to emphasise that the core and the actual product must complement each other, so if a luxury car is designed to offer buyers a status symbol, this should be reflected in the cars physical appearance and certainly in other parts of the marketing mix (e.g. price, place, people) to maintain consistency. Whilst it is tempting to categorise goods into either services are products, there is often a continuum between the two polar ends of the spectrum, so luxury car manufacturers should also focus on the augmented product level (Zimmerman and Blythe, 2013). The augmented product level is mostly composed of service elements, such as after sale warranties, the delivery of the luxury car, maintenance services, financing and a quality customer care to address any customer concerns before, during and after the purchase. The concept of product level shows that the physical product is often just a fraction of the product marketing mix, as successful sellers must address each level in their product management. As it was previously suggested, a concerted approach to marketing is necessary, so luxury car manufacturers must warrant that other components of their marketing strategy (e.g. other elements of the marketing mix) are consistent with their product decisions (Kotler et al. 2016). If these recommendations are adhered to, organisations are able to establish product leadership, which is essential to maintain anticipation and excitement towards the products and to increase the number of new and existing customers (Cooper, 2005). This must be accompanied by a continuous product innovation (instead of just adding variety to products without any value or inspiration) so that luxury cars superiority is maintained. Product Assortment Product Width, Length and Depth A final consideration for product management in the luxury car market is product assortment. Product assortment entails all products that the seller offers for consumers (Thompson, 2000). Product width refers to the number of different product lines a manufacturer carries (e.g. high performance hatchbacks, Sport Utility Vehicles (SUVs), sedans, minibusesà ¢Ã¢â ¬Ã ¦ etc.); product length measures the number of product variants within one category (e.g. optional car features, such as GPS or blind spot monitorà ¢Ã¢â ¬Ã ¦ etc.), while product depth shows the total number of variants available at a particular manufacturer. Serving all segments is seldom possible, so organisations must carefully analyse potential customer segments to target, while also maintaining the financial interest of shareholders (Crane and Northeastern, 2012). The luxury car industry (or a matter of fact, the luxury good sector in general) could be considered to be in a highly specific market, opportunities in increasing product width is not always possible. For example, as introduced during lectures, Dyson manufactures vacuum cleaners, air treatment equipment and hand dryers, which are seemingly completely different products, nevertheless exiting resources could satisfy production needs for all products and there are definitely cross selling opportunities (i.e. commercial vacuum cleaner buyers might also be interested in air treatment equipment). In case of the luxury car industry, such synergies could be more difficult to attain, since the deployment of capacities for different product lines could be difficult, although Mercede s has successfully diversified into the heavy truck industry seemingly without compromising its luxury perception in its consumer market. Product length assortment consideration is more common in the luxury car industry, as within the passenger car product category, a high number of variants has been developed (Kotler et al. 2016). As previously mentioned, luxury cars come in a variety of forms, satisfying varying customer needs. While this product decision satisfies customer needs, it is also a kind of product diversification that helps luxury car manufacturers to shelter themselves from economic cycles conceivably during the economic recession, large luxury cars were sold in lower volume, yet a cheaper model variant remained affordable to the target without compromising on quality. To conclude, the essay demonstrated the role of the product marketing element in the luxury car industry. It was gradually explored why careful product considerations are necessary in order to ensure a consistency in an organisations marketing strategy and marketing process. It was also highlighted that thinking of products as physical items is not advisable to fully understand what a product is instead, as the theory of product levels has shown, products must provide a holistic consumer experience in the luxury car industry. References Behrmann, E. (2016) Mercedes on pace to win 2016 global sales crown from BMW. Available at: http://www.autonews.com/article/20160811/RETAIL01/160819974/mercedes-on-pace-to-win-2016-global-sales-crown-from-bmw (Accessed: 15 January 2017). Bordley, R. F. (1993) Estimating automotive Elasticities from segment Elasticities and First choice/Second choice data, The Review of Economics and Statistics. 75(3), p455. Carà ¹, A. (2008) Strategic market creation: A new perspective on marketing and innovation management. Chichester, United Kingdom: John Wiley Sons. Cooper, R. G. (2004) Product leadership: Pathways to profitable innovation. New York, NY: Basic Books. Crane, F. G. and Northeastern (2012) Marketing for entrepreneurs: Concepts and applications for new ventures. London: SAGE Publications. Grà ¶nroos, C. (1997) Valueà ¢Ã¢â ¬Ã driven relational marketing: From products to resources and competencies, Journal of Marketing Management. 13(5), pp.407-419. Kapferer, J.-N. (1998) Why are we seduced by luxury brands?, Journal of Brand Management. 6(1), pp.44-49. Kaynak, E. (2005) Marketing issues in western Europe: Changes and developments. New York, NY, United States: International Business. Keller, K. (2001) Mastering the marketing communications mix: Micro and Macro perspectives on integrated marketing communication programs, Journal of Marketing Management. 17(7-8), pp.819-847. Kotler, P., Keller, K. L. and Brady, M. (2016) Marketing management. Harlow, United Kingdom: Pearson Education. Martin, C. L. (1998) Relationship marketing: A highà ¢Ã¢â ¬Ã involvement product attribute approach, Journal of Product Brand Management. 7(1), pp.6-26. Mohr, J. J., Sengupta, S. and Slater, S. (2009) Marketing of high-technology products and innovations. Boston, MA, United States: Prentice Hall. Morton, R. (2013) Insignia: Vauxhalls luxury company car. Available at: https://www.businesscarmanager.co.uk/insignia-vauxhalls-hidden-luxury-company-car/ (Accessed: 15 January 2017). Olson, E. M., Slater, S. F. and Hult, G. T. M. (2005) The performance implications of fit among business strategy, marketing organization structure, and strategic behavior, Journal of Marketing. 69(3), pp.49-65. Rapoza, K. (2014) Emerging markets to drive automotive comeback. Forbes. Available at: http://www.forbes.com/sites/kenrapoza/2014/09/01/emerging-markets-to-drive-automotive-comeback/ (Accessed: 15 January 2017). Shukla, P. (2012) The influence of value perceptions on luxury purchase intentions in developed and emerging markets, International Marketing Review. 29(6), pp.574-596. Smith, P. R., Berry, C., Pulford, A. and Baxter, M. (1999) Strategic marketing communications: New ways to build and integrate communications. London: Kogan Page. Stevens, R. E., Sherwood, P. K., Dunn, P. and Winston, W. (1993) Market analysis: Assessing your business opportunities. New York: Haworth Press. Thompson (2000) Strategic Management. New York, NY, United States: McGraw-Hill Education. Trott, P. (2011) Innovation management and new product development (5th edition). Harlow, England: Financial Times/Prentice Hall. Zimmerman, A. and Blythe, J. (2013) Business to business marketing management: A global perspective. London: Taylor Francis.
Jane Eyre Essay -- Literature Writing Jane Eyre Papers
Jane Eyre à à Charlotte Bronteââ¬â¢s Jane Eyre can be linked to many fairy-tales. Some of these tales such as Charleââ¬â¢s Perraultââ¬â¢s Bluebeard, Arabian Nights, and many more are actually cited in the text. Others are alluded to through the events that take place in the story. Jane Eyre has often been viewed as a Cinderellatale for example. There is also another story, however, that though not mentioned directly, can definitely be linked to Bronteââ¬â¢s novel. This tale is none other than Beauty and the Beast, which was part of one of Perraultââ¬â¢s compilations. Bronte uses the ideas and themes of Beauty and the Beast to reveal the importance of inner beauty and to make a point that itââ¬â¢s whatââ¬â¢s inside a person that counts. The beauty that can be found through outward appearance is superficial. A personââ¬â¢s inner beauty as shown through the relationship of Jane and Rochester can overcome societyââ¬â¢s ideas of what constitute being beautiful. We know that Bronte was familiar with Perraultââ¬â¢s works because she explicitly refers to another of Perraultââ¬â¢s tales, Bluebeard when exploring Thornfieldââ¬â¢s third story. Also there is another connection to Perrault. Elizabeth Imlay through her study of Jane Eyre and fairy tales unveiled a fascinating connection. She questioned the idea that Janeââ¬â¢s French teacher, Madame Pierrot could in fact be a reference to Perrault himself. Jane talks about a French storybook when attending Lowood. She says, "I examined, too, in thought, the possibility of my ever being able to translate currently a certain little French story--book which Madame Pierrot had that day shown me" (83; ch. 8). Imlay argues that, "The title of the little French story--book promised to Jane by Madame Pierrot is not revealed, although [. . .] Pie... ...auty is on the inside. She did not need to make Jane or Rochester beautiful in the end because that would defeat and contradict her purpose. Bronte uses the motifs in Beauty and the Beast and modifies them to help strengthen her views of the importance of inner beauty over outward appearance. As Jane mentions in the novel, "Most true is it that beauty is in the eye of the gazer" (177; ch.177). à à Works Cited Bronte, Charlotte. Jane Eyre. Boston: Bedford/St. Martin's, 1996. Imlay, Elizabeth. Charlotte Bronte: and the Mysteries of Love. New York: Harvester Wheatsheaf, 1989. LePrince de Beaumont, Jeanne-Marie. Beauty and the Beast. Ed. D.L. Ashliman. 6 October 2001. U of Pittsburgh. 1 March 2003 . Schwingen, Mary. "Fantasy, Realism, and Narrative in Jane Eyre and Alice in Wonderland." Victorian Web. May 1994. National U of Singapore. 2 March 2003.
Tuesday, October 1, 2019
Key Business Issues Relating to Best Value Management
The ââ¬Å"Key Business Issues Relating to Best Value Management and Strategic Development in the Housing/Regeneration Industry & New Business and Asset Managementâ⬠are inclusive of what is termed ââ¬Å"Best Valueâ⬠. In the Housing Industry the 4Cs of best value are applied to every review. The four ââ¬Å"Csâ⬠are: (1) Challenging why and how a service is being provided; (2) comparing performance with the performance of others in the industry; (3) embrace of fair competition as a means of securing efficient and effective services; (4) consulting with local taxpayers, customers and the wider business community. Under the Best Value standard, local authorities have a duty to make arrangements to ââ¬Å"secure continuous improvement in the way in which its functions are exercised, having regard to a combination of economy, efficiency and effectiveness.â⬠(What is Best Value?, 2006) Best Value is defined as ââ¬Å"providing local people what they want, when they want it, at a price they are willing and able to pay. It's also about being imaginative in how local needs are met.â⬠(What is Best Value?, 2006) Other principles of Best Value are stated to include: Being accountable to local people. They have to listen to and consult the people they are there to serve. They have to report regularly on what they have achieved and what they are planning. Looking to continuously improve. Sometimes this will come through many small changes, sometimes through larger changes when the existing service is fundamentally challenged. Setting targets and publicly reporting achievement against them. Cutting across departmental boundaries, rather than just looking at services individually. Councils can also work with other local agencies to tackle issues beyond the reach of a single service and need co-operative working with partner bodies. Developing partnerships with the private sector, with communities and agencies, and between authorities. These partnerships will be able to review services jointly, develop local plans, acting together to achieve local outcomes, and provide services in some cases. Being open about service delivery. Councils shouldn't assume that they should deliver activities if other more efficient and effective means are available. This is not to say however that authorities must contract their services out ââ¬â what matters is what works best for delivering services to the community, so an open mind is needed. (What is Best Value?, 2006) PART A ââ¬â Critical Review of the Existing Key Business Issues Related to Best Value Management and Strategic Development in the Housing Management, Regeneration, New business and Asset Management Industry. In the assessment of DHA the comments provided by the inspecting agency were in the areas of the following which require improvement: (1)Effective Financial and Corporate Governance; (2)Asset management, including repairs and response management; (3)Reinvestment in Current Stock to meet the Decent Home Standards; (4)Poor procurement and project management systems; (7)High levels of social behavior and poor neighborhood communities. According to the standards of ââ¬ËBest Practice' in this industry accountability to the local people is considered critical. It is necessary that Dante Housing Association ââ¬Ëlisten' to the residents; it is critical that Dante Housing Association ââ¬Ëconsult' with the residents; and it is critical that Dante Housing Association ââ¬Ëreport' on a ââ¬Ëregular basis' to the residents and inform them what plans are in process. All of these actions herein stated fall directly in line with numbers 1, 2, 4, 5, and are associated with number 7 of the problem areas that must be focused on in the six months allotted for Dante Housing Association, hereafter referred to as DHA to make the necessary changes and improvements. In fact, the continuous view toward improvement is necessary to be instituted into the principles and practices of DHA so it is important that this perspective and standard be initiated into all aspects of improvement toward which this report is focused. The regular reporting and accounting publicly is critical as well in the process of instituting ââ¬ËBest Value' standards for DHA because to meet the goals that are set for DHA is not enough, because without reporting of these goals and their achievement publicly then the public will not be aware of what DHA is doing and may assume that DHA is doing nothing. DHA must institute a principle of collaboration across boundaries both within and outside of DHA in order to attain the best prices, gain the cooperation and assistance of other agencies position to offer such assistance because so many times the changes that are needed are bigger than DHA has the capacity to provide single-handedly. This leads to the next issue which is the need for DHA to establish partnerships and cooperative efforts with other companies in both the public and private sector and for the reasons as just stated. Finally, DHA must agree to consider options available in services delivery and if outsourcing some of these delivery of services might mean savings, efficiency and effectiveness then DHA must prepare itself to make the necessary changes to deliver services in the most effective and efficient manner possible.
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