Business Research Methodology and Regular Maintenance

Owning a bar in the Hobart City is quite an interesting and a fascinating idea. Since the citizens of the Hobart city are quite extrovert, they usually like to spend their leisure hours in a sophisticated bar with their friends or dear ones. The name of the bar will be â€Å"On the Groove.† The plan is that the bar will be having a club with dance floor accompanying it. It is very important to conduct primary and secondary research so that it turns into a successful venture in the long run. The three important issues which is required to be analysed for the opening of a bar in Hobbit are the Location for the setup of bar, to compete with the prevailing competitors and their innovative ideas and the cost involved for setting up and maintenance in a regular manner (Grapebar.com.au, 2016).   The locations of the bar play a major role in its growth and development throughout its existence. Many a time due to the location of bar it gains popularity and customer’s attention as compared to those which are located in less popular areas. The choice of location will totally depend upon the bar will look, the kind of customers which it expects and the level of its contribution which towards the society. The next step will be to decide whether to purchase the requisite location or to take it up on lease. This decision will be depending upon the level of budget which has been proposed for â€Å"on the groove†. At last, it will depend on the owner of the bar how to sync the concept of the bar with the proposed location in order to achieve the best competitive advantage with respect to location and its services. At times, due to the popularity of location, customers usually gets attracted towards the bar to spend their leisure time and this automatically becomes one of the reason behind significant increase in the level of revenue for the bar. So, by choosing proper location for â€Å"On the Groove† the owner can expect increase the level of revenue and can expect prospective advantages accruing from it (Entrepreneur, 2016). It is very important for a bar to always come up with innovative ideas so that it does not loses its customers and it's quite capable to attract the prospective ones regularly. Like, along with the dance floor you can have a mixture or a combination of Sports Bar and beer bar at the same time. This will attract those kinds of customers who are inclined for the above said specialty. It will also be a one stop destination for those people who want to enjoy the drink along with grooving on the dance floor.   With the growing rapid changes in the needs of the customers, it has turned very important to have innovative ideas and to implement the same in the business from time to time. This will not only increase the number of customers but will also increase the level of prospect for the survival in this kind of industry. Not only this, it will be quite successful in gaining an edge upon its competitors in the market. It is very important for being a successful business owner, to underst and the latest Buzz in the market, to remain alert with the changing needs and wants of the customers and also conscious or proactive towards the environment. If the owner of â€Å"On the Groove† is quite innovative and creative it will be a plus point for him to carry out the concept of bar in the Hobart City (Entrepreneur, 2016). In order to proceed further with the concept of setting up a bar it is very important to analyse the target market in the industry. For this, critical analysis and research is to be conducted by collecting data regarding need of the customers in the form of surveys, the current position of similar bars in the state, level of regular and fixed type of investments by its competitors etc. The first and foremost step involved is the amount required for rent or lease followed by the level of investment in fixtures, various licences, opening stock, utilities, payroll, marketing expenses, legal services, types of insurance, accounting and various other miscellaneous expenses . Just for the purpose of consumption, it would be advisable to have 10% of the total other expenses to be allocated for miscellaneous expenses. This will be referred as total initiation cost for â€Å"on the groove†. Other cost like security terms for safety in order to prevent breakout is another important aspe ct to maintain a bar. From the owners point of you, raising a bar is equivalent to nurturing a child right from giving a name to it, ensuring its smooth functioning, hassle-free, higher revenue earnings   can be compared to the style of parenting having a child who is happy, well assured, adjusted and ready for his adulthood in the coming future.   Proper cash settlement by means of collecting the same from the customers, distributing among the employees in terms of their salaries and keeping aside owners share of profit can to add different setup inside the bar for effective cash management setup. This will be the additional cost for the owner. If the owner of the bar has conducted its cost benefit analysis and have considered the above mentioned cost it would be advisable to move ahead with on the groove. Profitability should be ensured to the owner after adjusting all the above mentioned cost judiciously (Entrepreneur, 2016). The above three factors play a major role in deciding the commercial viability of the bar in the Hobbit City. If all the three factors shows positive response during analysis, it would be quiet beneficial to the owner to have a bar in the City. Being updated with innovative ideas and controlled cost it will be a successful venture (Grapebar.com.au, 2016). Entrepreneur. (2016). How to Start a Bar/Club. [online] Available at: https://www.entrepreneur.com/article/41460 [Accessed 11 Dec. 2016]. Fell, J. (2016). Three Things About Owning a Bar That Might Surprise You. [online] Entrepreneur. Available at: https://www.entrepreneur.com/article/219351 [Accessed 11 Dec. 2016]. Grapebar.com.au. (2016). The Experience Grape – Wine | Food | Bar. [online] Available at: https://grapebar.com.au/the-experience/ [Accessed 11 Dec. 2016].

Criminology theory research paper Essay Example | Topics and Well Written Essays - 2250 words

Criminology theory research paper - Essay Example In response, the Canadian conservative government has adopted varied measures aimed at addressing this menace. These include increasing longer prison terms as well as establishing more prisons. (Agnew and Cullen 121) As much as this has been helpful in averting crime, its effectiveness has often been questionable. This therefore call the need for the application of classical criminology and strain theory to explain how government agencies can avert the ever increasing rates of crime in the city of Toronto. Classical criminology theory Prior to explaining how government agencies in Toronto can apply classical criminology theory to fight crime, it is important to analyze it major underlying concepts. The classical school of criminology is often associated with Cesare Beccaria (Slocum 1107). It emerged at a time when the naturalistic approach of social contract scholars was challenging the spiritualistic approach that had dominated the thinking of criminal justice policies over a long p eriod (Becker 174). Thus, classical criminology emerged as a protest against spiritual explanations of crime and the criminal policies which they were based. Beccaria protested against a wide range of inconsistencies in the governance as well as public affairs(Slocum 1108). He advocated for various reforms within the criminal justice system to make it more logical and rational(Slocum 1108). He objected the barbaric punishments that were issued at that time. In regard to the contractual society and the need of punishments, Beccaria argued that laws are conditions under which people are united to form a society. It is the law that defends against private usurpations by individuals. He believed that only established laws can decree punishments for crimes. Beccaria believed that the true measure of crime is the harm done to the society. Thus, he expressed acknowledgement of the fact that crimes should not be committed, or should be less frequent in proportion to the harm they case socie ty. For this reason, he contended that obstacles that deter people from engaging in crime should be made stringer in proportion as they are contrary to the public good. According to Beccaria, there must be a proper proportion between crime and punishment(Agnew and Cullen 231). Today, most law enforcement agencies apply this principle through the establishment of law enforcement agencies aimed at punishing criminals. In regard to severity of punishments, Beccaria believed that for punishment to attain it end, the evil it inflicts has to exceed the advantage derivable from the crime (Cornish and Clarke 943). He argued that the more prompt and more closely punishment followed upon the commission of a criminal activity, the more just and useful it well be. According to him, one of the greatest curbs of crime is not the cruelty of punishment but rather the certainty of punishment. Thus, he suggested that laws and executors of laws should be inexorable. Most importantly, Beccaria argued t hat it is better to prevent crime rather than to punish them(Agnew and Cullen 232). He therefore believed that the ultimate purpose of every good legislation should be to prevent crime. This can be done through making laws clear and simple and that the entire force of a country should be united in the defense of these laws. Therefore, Beccaria believed that laws should be published do that the public may be aware of they are expected to do. His

Perfect Competition Essay Example | Topics and Well Written Essays - 1500 words

Perfect Competition - Essay Example According to the research findings the market with perfect competition is characterized by many small buyers and sellers such that none can influence market conditions; all firms are price takers. The products sold are identical and have close substitutes and this makes it hard for such a condition to be met for in reality, a market has differentiated products due to technological innovations. An example of such products includes agricultural products such as a bushel of wheat. Firms are free to enter or exit the market without any problem and also the factors of production are mobile. The market is also based on the assumption that all the participants have perfect information regarding the prices and quality of products. The buyers thus are able to make choices of the products they want to buy and the producers are aware of what the buyers want hence it is easy to decide on the quantity to produce. Since the participants have perfect information regarding the market and are free to enter and exit at any time, there are no transaction costs incurred in the exchange of goods. The profit maximization of the firms occurs where marginal revenue is equal to marginal cost and the market price is equal to marginal cost. Due to these conditions, it is very rare to have perfect competition although technological advancements are driving markets towards such a situation. For example, the trade in currency or money markets where participants are assumed to have perfect information and currency is same regardless of where it is being traded. Another characteristic of such a market is non-existence of externalities. According to Nicholson (2005), perfect competition ensures optimum allocation of resources in the economy. Since price is equal to the marginal cost, consumer and producer surplus can be maximized. If a producer finds that the output is not bring in revenue, he/she can top producing the product and put the resources into more profitable use especially because t here are no barriers to entry or exit. In this situation, no one can be made better off without making someone else worse off. For example, if production of wheat is not profitable, the producer can shift to production of other grains and in the process may lay off some staff and recruit others with the required skills. Competition also pushes prices down and makes the producers to find ways of producing at minimum cost hence productive efficiency is achieved (Geoff, 2006). The supply curve of a perfect market is the marginal cost curve and the demand curve is the price line which is equal to average revenue and marginal revenue. Since the price remains the same regardless of quantity produced, the demand curve is horizontal. In the short run, firms make abnormal profits as total revenue is greater than total costs thus attracting entry of new firms into the market especially due to lack of entry barriers. As firms enter the market, the market supply curve shifts outwards pushing th e prices down consequently lowering the profits by firms. Since each firm earns sufficient revenue to cover variable costs, some firms may shut down to avoid paying variable costs as revenue is low but they still continue paying fixed costs (Mankiw, 2011). The fixed costs

Kingston Charcoal Research Paper Example | Topics and Well Written Essays - 1750 words

Kingston Charcoal - Research Paper Example However, there is a concern in production regarding the adequacy of Kingsford's existing capacity. Grilling has been described as a passion and a way to party of common Americans during celebrations and occasions, the Clorox Company, founded in 1913, decided to acquire Kingsford Charcoal as one of its products in 1973. Kingsford Charcoal is the one of the 50 products and the largest product group that Clorox Company markets around the world to consumers. It represented around 9 percent of Clorox's revenues in the year 2000. In addition to this, in the charcoal grilling business, Kingsford is the leading in sales, constantly getting more than 50 percent of the market share from 1997 to 2000. This is as opposed to Royal Oak's 14.2 percent share in 1997, which then gradually declined to 6.4 in the year 2000, and the constant range of 33 to 34 percent of market share of private label. Charcoal briquettes are manufactured from wood, minerals, limestone, starch, borax, sodium nitrate, and sawdust in a two-part procedure. These charcoal briquettes were packaged in its present condition in blue bags and sold as Kingsford Charcoal as either "regular" or "blue bag." In addition, other briquettes are treated with Kingsford lighter fluid and sold as Kingsford Match Light in red bags, packaged as either "instant" or "red bag." Both types of briquettes were available in three sizes: 10 lbs., 20, lbs., and 48 lbs. for the regular or blue bags; and 8 lbs., 15 lbs., and 30 lbs. for the instant or red bags. Kingsford Charcoal briquettes Size and Pricing Regular or Blue Bags Instant or Red Bags 10 lbs. $4.25 8 lbs. $5.20 20 lbs. $6.78 15 lbs. $8.07 48 lbs. (2 x 24 lb. bags) Not available 30 lbs. (2 x 15 lb. bags) Not available Table 1. Various packaging sizes with prices of both types of Kingsford Charcoal briquettes. The largest sizes were usually just available in club stores like Costco amd Sam's Club. However, food stores and supermarkets, merchandisers, and drug stores, and Wal-mart, carried a variety of the other smaller sizes. The prices given varied by type and size, and it has been found that the main competitors of Kingsford, Royal Oak and private label brands, were cheaper than Kingsford by 25 to 30 percent. Key Success Drivers The business of Kingsford Charcoal was seasonal, with its peak of 60 percent between the period of May 1 and September 1, which covers the holidays Memorial Day and 4th of July. These two holidays represent about 35 percent of Kingsford's annual sales. Aside from the holidays, another factor that Kingsford sales are dependent on is the weather. When the weather is good, the tendency for sonsumers is to think that it would be a great time to barbecue. In this essence, a big part of the sales are from impulsive purchases. Factors to Consider Pricing The team of Smith Boyle and Warren found that there was a narrowing price gap because of

How do international organisations shape relations among states today Essay

How do international organisations shape relations among states today - Essay Example These are just a few of the many regional arrangements currently proliferating across the globe. Accordingly, international organisations are increasing with global interdependence and this essay seeks to explain the effects of international agreements on states and decision-makers around the world. Through an exploration of states responses to key international organisations and their agreements, this essay will discuss state sovereignty in an increasingly interdependent global world and international agreements in practice through regional organisations such as the European Union and the North Atlantic Treaty Organization Are international agreements a positive or negative force? How do they shape relations among states today? These questions will be answered as this essay concludes with a summation of the work studied. We now turn to an analysis of the question of state sovereignty in the 21st century. State sovereignty is a basic principle of the current international order and notions of sovereignty are intrinsic to the global system of international affairs. Despite the fact that ideas about state sovereignty shape the international system and are basic premises of the functions of global governance, this important concept is under threat from a variety of forces. Seeking to address the concept of state sovereignty in the twenty-first century, this essay will explore the abrogation of sovereignty as a direct result of globalisation and the increased salience of unilateral action by the dominant power in the international system. Firmly entrenched as a guiding principle in international affairs, basic concepts of state sovereignty are responsible for the current structure of the international order. How has sovereignty, a guiding principle of the international order been challenged in recent times? Do international agreements help or hinder

Ethics In Criminal Justice Research Paper Example | Topics and Well Written Essays - 1250 words

Ethics In Criminal Justice - Research Paper Example In criminal justice, ethics provides for making moral choices in case of uncertainties in various situations or problems. In the process of criminal justice, moral rules are desirable because they provide reliable guides for application in various circumstances. In criminal justice, ethics provides the grounds for reaching fair decisions in terms of law and for the sake of the criminal (Banks, 2004). It is also crucial to understand that ethics in criminal justice involves determining right and wrong in terms of human standards. Also, these two perceptions arise from the influences from parents, society or friends. Codes of conduct are influenced by religious beliefs and the law. Justice in human experience occurs as a process that moves within three concrete circles. The personal context represents the individual sense of justice. This context has the responsibility of examining the right or wrong and evil or good in life experiences. The second circle characterizes the community context for justice. This circle comprises the physical environment in which justice operates: urban, rural or suburban. It also includes the people in this system and their interactions. In the society, criminals do not operate in seclusion. Criminals require victims and circumstances. Crime relates to social conditions and circumstances through its subjectivity to the criminal justice system and the law. The social context of criminal justice ethics understands the necessity for recognizing criminals, not after the crime, but also through the comprehension of the environment and conditions that force people into crime. The social context of criminal justice ethics also involves t he self-judgment of individuals in relation to others (Schneider, 2009). The third circle of criminal justice ethics involves the processes of criminal justice. This provides the only perspective for understanding criminal justice ethics. This circle requires the

Kingston Charcoal Research Paper Example | Topics and Well Written Essays - 1750 words

Kingston Charcoal - Research Paper Example However, there is a concern in production regarding the adequacy of Kingsford's existing capacity. Grilling has been described as a passion and a way to party of common Americans during celebrations and occasions, the Clorox Company, founded in 1913, decided to acquire Kingsford Charcoal as one of its products in 1973. Kingsford Charcoal is the one of the 50 products and the largest product group that Clorox Company markets around the world to consumers. It represented around 9 percent of Clorox's revenues in the year 2000. In addition to this, in the charcoal grilling business, Kingsford is the leading in sales, constantly getting more than 50 percent of the market share from 1997 to 2000. This is as opposed to Royal Oak's 14.2 percent share in 1997, which then gradually declined to 6.4 in the year 2000, and the constant range of 33 to 34 percent of market share of private label. Charcoal briquettes are manufactured from wood, minerals, limestone, starch, borax, sodium nitrate, and sawdust in a two-part procedure. These charcoal briquettes were packaged in its present condition in blue bags and sold as Kingsford Charcoal as either "regular" or "blue bag." In addition, other briquettes are treated with Kingsford lighter fluid and sold as Kingsford Match Light in red bags, packaged as either "instant" or "red bag." Both types of briquettes were available in three sizes: 10 lbs., 20, lbs., and 48 lbs. for the regular or blue bags; and 8 lbs., 15 lbs., and 30 lbs. for the instant or red bags. Kingsford Charcoal briquettes Size and Pricing Regular or Blue Bags Instant or Red Bags 10 lbs. $4.25 8 lbs. $5.20 20 lbs. $6.78 15 lbs. $8.07 48 lbs. (2 x 24 lb. bags) Not available 30 lbs. (2 x 15 lb. bags) Not available Table 1. Various packaging sizes with prices of both types of Kingsford Charcoal briquettes. The largest sizes were usually just available in club stores like Costco amd Sam's Club. However, food stores and supermarkets, merchandisers, and drug stores, and Wal-mart, carried a variety of the other smaller sizes. The prices given varied by type and size, and it has been found that the main competitors of Kingsford, Royal Oak and private label brands, were cheaper than Kingsford by 25 to 30 percent. Key Success Drivers The business of Kingsford Charcoal was seasonal, with its peak of 60 percent between the period of May 1 and September 1, which covers the holidays Memorial Day and 4th of July. These two holidays represent about 35 percent of Kingsford's annual sales. Aside from the holidays, another factor that Kingsford sales are dependent on is the weather. When the weather is good, the tendency for sonsumers is to think that it would be a great time to barbecue. In this essence, a big part of the sales are from impulsive purchases. Factors to Consider Pricing The team of Smith Boyle and Warren found that there was a narrowing price gap because of