Reinventing Something Essays - In Search Of Excellence,

Reinventing Something This book is about Reinventing Something as you understand from its caption. I could not surprize much when I finished to read this very popular book because ; 1 The cases included in book to support theory were chosen selectively. I can show a lot of examples in contrary to the framework proposed in Osbornes book but none of negative examples were included. The book is very one-handed and does not project the facts correctly. 2 A distinction were not made in this book between public and private sector organizations and behaved as if both of them have the same principles and context. The relation of Public Management with democratic principles were ignored. Basically, this book is a public version of the book of Peters and Waterman - In Search of Excellence -. 3 The principles propesed in this book are accepted universal and thought as time and location-free. Cultural differences among countries were underestimated. Generalizations pervades the book. 4 This book is not based on a decent scientific research and so does not have an academic-quality. Overall, if you want to read this book because of its popularity, you should read it with other strong resources in the field of public administration and management. Some reference materials are indicated below... Mark Moore, Creating Public Value ; Norman Flynn, Public Sector Management ; Guy Peters, The Future of Governing Mythology

A monopoly market player Apple

A monopoly market player Apple A monopoly market player is a firm, which is the only one existent in a market. Monopolization is when a firm has a significant control to set the prices in a multiplayer market.Advertising We will write a custom case study sample on A monopoly market player: Apple specifically for you for only $16.05 $11/page Learn More In 2005, even with more than one player in its market segment, Apple was able to sell a more expensive product and achieve 63% control of digital music players and 83% control of legal digital music download market. Such an achievement was made through leveraging on its ITunes store and stylish status of iPods. In charging high products, Apple built a premium and exclusives status for its products. Over the long term, this will create a cult like following for its products as long as the firm can keep on developing digital music players with the better technology than that of its competitors. This will require massive investment in idea and technology generation and development. Low sales numbers can easily lead to the company being bankrupt. In conclusion, charging high prices is a risky but highly rewarding option (Manikw, 2008). Diagram 1 represents a monopoly market. A monopolist is a price maker because the company does not face any competitors in such a case. Thus, there is a price inelastic demand where marginal cost meets marginal revenues, which represents the quantity for profit maximisation. The extrapolating the output up to its maximum to meet the average revenue and cost curves, we arrive at the prices P1 and P2. The total cost of production is P1Q1, while the total revenues are P2Q2; the difference is the supernormal profit. Considering diagram 2, prices decrease from P1 to P3, while quantity sold has an increase from Q1 to Q2. This is due to a different demand pattern brought about by different demographic and physiographic population factors, while a different cost pattern brought about by a change of the tax regime affects the cost pattern resulting in a different price maximizing output and different prices.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More First, for price discrimination to take place, it must be performed in different geographical markets. Secondly, market segmentation is based on different demographic and physiographic population factors. Thirdly, inelastic price elasticity of demand ensures the advantage of price discriminators (Manikw, 2008). Monopolies and oligopolies are vital firms in a country especially if they can work competitively to bring new products to the market, while providing job places. Secondly, they accumulate large amounts of capital to the benefit of economy. However, consumer and labor groups have no trust in monopolies and oligopolies achieving this economic function without government oversight. Arguments for intellectual proper ty rights include giving the right of intellectual property to its owner, who can use it for financial gain. The right to own an intellectual property is a result of hard labor and investment in creating it. Thus, development to humanity would not occur from private entities but only from the government. The socialist and economic growth would follow the government’s agenda. Margins for firms would be thin since it is a price market (Dwivedi, 2002). Every industry deserves to obtain its intellectual rights, especially considering the economic significance of motivating capital and expertise investment. In such areas as healthcare, its importance to ensuring human rights observance and proper solutions to human health problems is significant. For such markets, additional control by government authorities is necessary to balance morality and intellectual rights (Perloff, 2009).Advertising We will write a custom case study sample on A monopoly market player: Apple specif ically for you for only $16.05 $11/page Learn More References Dwivedi, D. (2002). Microeconomics: Theory and Application. India: Pearson education. Manikw, G. (2008). Principles of microeconomics: a guided tour. Connecticut: Cengage Learning. Perloff, J. (2009). Microeconomics. London: Pearson/Addison Wesley.