Tangible and Intangible Resources

Tangible and Intangible Resources In the fast pace development of the technology market,  enterprises tangible and intangible resources is a competitive advantage on the basis of tangible resources is the basis for enterprise development, the invisible resources are the engine of growth of competitive advantage, two of those are the source of competitive advantages. This article will be the fast-paced development of technology market premise, according to some examples, focusing on the importance of tangible and intangible resources company competition (Hill, Jones, 2009). Define Tangible and intangible resources: Tangible resources are visible, can use the direct measurement of the monetary resources, including material resources and financial resources E.g Tangible resources; 2009, Samsung Electronics, the market value has reached $ 110.2 billion, the first time beyond Intel became the the global revenues largest semiconductor manufacturers 1. Samsungs sales of $ 117.8 billion in 2009, has surpassed HP to become the the global revenues largest electronics companies 2. Is the worlds second largest chip factory, second in size only to Intel 3 in 2008 is the worlds top 21 products, up market share in the market supplier Intangible resources. A wide range of content, such as trademarks, patents, proprietary technology, customer relationships, corporate image, corporate culture, these intangible resources in the process of production and operation of enterprises play an indispensable role. E.g Intangible resources: Korea 8782 patents registered in the United States last year, 3611 applications for Samsung Electronics, Samsung Electronics, Samsung Electronics, Samsung Electronics, the percentage of more than 40%. Samsungs brand value grew fivefold from $ 3.1 billion in 1999 to $ 16.2 billion in 2006 ( Hitt, Ireland, 2008). Analysis of several fast-paced technology companies examples and reasons The definition of the technology market: the places engaged in the technical intermediary services and technical operations of goods. To promote scientific and technological achievements into practical productive forces for the purpose, specifically to carry out technology development, technology transfer, technical consulting, technical services, technical contract; production or distribution of the research to test new products and technology products; organization and conduct of the promotion and application of technological achievements and other technical coverage involving all areas of technology (Tietze , 2012). The cell phone industry, as a modern high-tech industry, has a certain representation, several typical company I will for example in the mobile phone industry to analyze: Samsung Electronics Co. Ltd. Samsung Group was founded in 1938, investment in the establishment of Samsung Electronics Company in 1969, involving semiconductors, mobile phones, monitors, laptops, televisions, refrigerators, air conditioners, digital cameras, and IT products and other field In many areas in technology, Samsung has become the worlds leading technology innovation company, it has created a series of state-of-the-art technology, including mobile phones, hand-held computing devices, flat panel displays, as well as ultra-thin laptops. (Viardot, 2004). Apple Inc Apples major industries, including computer software. Hardware. Phone handheld entertainment aspect. Overall have five production lines: Mac, iPod the iPhone and the iPad, i Tune, known for the product i pod digital music player is i Tunes music store, these are containing innovative the high-tech, i phone pioneered mobile devices new start, IPHONE3G of the software revolution (Sengupta, Slater, 2009). NOKIA In 1865, Nokia was founded in Finland, Nokia smart phone, entertainment, phone, navigation, phone, have a high technology technology Nokia developed areas including third-generation wireless systems, multimedia applications, network management, mobile phone and other sounds data, video terminals. To maintain its leading position in the rapid development of the telecommunications market (GruneWalder, 2008). What role do they play in this types of market what are they? Based on analysis of the tangible and intangible resources of Nokia and Apple Nokias tangible resources Material resources: Nokia to light electric transmission as the center of development, laying the foundation for Nokias semiconductor technology industry. Such as ABS engineering techniques, this technique has the performance of heat-resistant and impact, due to the lower cost of this technique, the majority of computer manufacturers to use. Financial resources: Nokia in Chinas development, the establishment of three joint venture companies, mobile phone production, as well as network equipment, China is the largest market of Nokia, the worlds largest investment areas, due to the low cost of production and processing of the Chinese market, so Nokia to focus on China, in addition to the establishment of a global integrated financial plan, a reasonable business strategy Nokia intangible resources Company brand: Nokia founded in Finland, with a long history, and a good social reputation, through continuous research and innovation, powerful software support and network services, so that, on the company in the smart phone, navigation technically are in a leading position in the company with OVI Internet, in the music store, online game store, providing services to obtain the value Technology: Nokias development, always in the front of the R D development center, working to develop new technologies, including third-generation wireless systems, multimedia applications, to meet customers needs, increasing the mass market to maintain the rapid development of the territory Goodwill: consumers said user for the first time agree, it is only with the GSM technology, the exterior design of the TV for the first time large-screen displays, mobile phones scroll able text menu, the user used to say, very good,leave a very good impression (Hoskisson, 2008) Apple tangible resources Product Resources: 2000 i Pod digital music player, with the unique i Tunes music download system, beat some very powerful company and a global share of the first portable player, i pod series launch, more solid Apple position in the music market, i phone combined with a new product of the i pod and Apple TV, the birth of this product, so Apples successful transformation from computer production to the electronic company Financial resources Apples PC and one of the multimedia company, Apple increased net income $ 1,335 one billion, they have the ability to obtain credit. The tissue Apple also has many systems f control. Apple controls all aspects of the computer, it can provide customers with a complete desktop solution, including hardware, software and peripherals, Physical resources Apple company established in California. Apple is a global company with offices around the. They develop good computer on the market with the best materials. Technology Apple invented a lot of patents, they developed the first PC, the PCs graphical user interface (GUI), a point, and then click the mouse, the laser printer, the iPod and iTunes. Apple also includes a window system, investigation procedures, such as Aldus, Page Maker and Microsoft Excel. Apples products are user-friendly and unique Apple intangible resources Apples human resources, the Cupertino, California in the heart of Silicon Valley, bringing together the most talent and an attractive location. The best schools in the country in a very short drive from Apples main campus, including Stanford University, the University of California, Barkley, and Santa Clara University. There are so many schools nearby, they enjoy a rich cultural and educational opportunities. Innovation Apple invented the PC graphical user interface. Nearly a decade, the the Apple monopoly graphical user interface. When Jobs returned, he manages a hire people who do not want to make the best products in the world of innovation. The key is to let the people with the passion for excellence. Apple now has scientific skills, enabling them to innovation, promote the patent (Afuah, 2009) What is the impact on the companies industry? Business development, competitors may soon have tangible physical capital resources, but the long-term advantages of intangible resources but is hard to beat. Well-known enterprises of the industrial countries, the value of intangible resources generally exceed the value of physical resources, intangible resources these enterprises trade and occupy the international market and expand the social impact will become an important weapon (Tessiopoulos, 2005). The importance of the intangible resources. Enterprise as a social and economic organization. While tangible resources. Also has a wide variety and difficult measurement and grasp the intangible resources. A wide range of content, such as trademarks, patents, proprietary technology, customer relationships, corporate image, corporate culture, these intangible resources in the production development process plays an irreplaceable role. Trademark. Trademark is used to identify the specific goods or services of the mark, it means the right to use a particular name or pattern specialize in certain specified goods or products generally include the exclusive right to use and the prohibition of the right to two aspects. Patent. The patent refers to the national patent authorities in accordance with the law grant the inventions patented applicants enjoyed exclusive rights within a certain period of their inventions. The patent generally include three aspects of the invention patents, utility model patents and design patents. Valid patent law Proprietary technology. The proprietary technology means known to the outside world, has been used in the production and operation activities, a variety of skills and experience do not enjoy legal protection. Generally include the proprietary technology of the industrial, commercial trade proprietary technology, management know-how, etc.. Corporate image. Corporate image usually refers to the publics evaluation of a company and its products, beliefs and attitudes. Mainly include the popularity and reputation, corporate values, managerial and technical factors such as the comprehensive, implied a huge potential force behind the production and business activities of enterprises. Customer relationships. Customer relationship usually refers to the purchase of customer and sales of enterprise products, services, manufacturing enterprises in the formation of long-term exchanges and work with each other relationship, this relationship is the invisible presence of a lot of influence, for the improvement of enterprise product sales. Enterprises cultural. The corporate culture is the enterprise ideology as the core corporate values, corporate value, business philosophy, entrepreneurship, business principles, business purposes, business rules and regulations, Code of Conduct.(Ireland, Hoskission, 2008) E.g Apple and Samsung patent war of the century, for example, Apple awarded $ 1 billion. South Koreas Samsung infringed U.S. Apple patent, needs $ 1 billion in compensation. At the same time, the court finds that the Apple and Samsung did not infringe. Affected by this news, Apples stock price immediately rose by 1.8%, this way before Samsung change the design of these products will be in the U.S. market can not continue to sell these products. Lawsuits between Apple and Samsung is not just about patents and money is related to the value. Apple seems stresses creativity and innovation, to create the worlds best products, the manufacture of these products is to let the user satisfaction, not to allow competitors big plagiarism. (Ubertazzi, 2012). Expert analysis : Apple disputes warning of the modern enterprise Apples creative class of intangible assets in commercial signs, warning of the management problems of the modern enterprise: First, technological innovation is important, but only technological innovation is not enough, you must also conducted a comprehensive intangible assets construction innovation. A single class of intellectual property (patent, trademark or copyright) is not enough to solve all the problems of the enterprises, enterprises must carry out diverse IP configuration. Second, trade names and trademarks is not just a business logo, to raise the height of intangible assets created to recognize. Best to stay away from the general term creative in the selection of trademarks, trade names, to do trademark name with the name of the creative owner of the trademark can not prevent others from the same with your name trademark registered in other categories of goods and services. Because your trademark name is not private rights in the true sense, the name you choose is also the use of public resources. Trademark intangible asset value basis, is one of the trademarks Be creative, first with the larger artistic value, the value will be after the trademark rights of value, economic value, reputation. If the brand name is a common noun, it is easy for the revocation of others, lead to legal disputes. The third set of intangible assets specialized management agencies. Talent is a source of intangible assets, intangible assets not only to create pay greater attention to the management and operation. Important foundation for high-end complex talent to do a good job in the management of the intangible assets. Enterprise management of intangible assets should be placed in an important position, set a special intangible assets management department, equipped with specialized management of intangible assets intangible assets of enterprises integrated, comprehensive, systematic management, organizational guarantee of intangible assets management. Through high-end composite intangible assets management, promote enterprises to improve the level of management of intangible assets, improve intangible assets effective. (Acton, 2012). Is one resource more valuable or important when the other ? I chose the hotel industry, the analysis of the tangible and intangible resources of the hotel industry Hotel tangible resources :is the physical form of resources, including physical resources, financial resources, organizational resources. Kind resources refers to the kind used to be the hotel customer service resources to create benefits for the hotel, such as hotel construction, decoration, equipment, etc. are in-kind resources: financial resources, including currency sources and use, such as access to finance, cash management, creditors and debtors control, dealing with currency provider relations; organizational resources, including the hotels formal organizational structure, composition departments Hotel intangible resources: including human resources, reputation, resources, relationships, resources, information and technology resources. Human resources including knowledge, staff skills, managers can, practice, and thus formed hotel culture and service philosophy; the hotel reputation resources including hotel brand, hotel for reputation parties; hotel information and technical resources, including information and information storage, processing and transfer of technology, management techniques, the hotels reservation system; hotel relations system includes a hotel and the relationship of the parties, the contract agreement. Intangible resources of the hotel is the hotel prerequisite to gain a competitive advantage .(Enz, 2009) JINJIANGINN tangible resources and intangible resources Research enterprise core competitiveness mainly two ways an enterprise resource analysis to find out the advantages of resources, and the other is the enterprise value chain analysis as its core competitiveness. Ways to use this article for the former, and that analysis of the resources of the Jinjiang Inn. The resources of the enterprise can be divided into tangible resources, intangible and human resources. Which tangible resources the kind resources buildings, land, raw materials, operational resources, computers, machinery, systems and financial resources organization intangible resources of the type and quantity of available funds mainly technical resources, reputation, resources and innovative resources and human resources is the organic integration of the members of the organization to the organization to provide the skills, knowledge and reasoning and decision-making ability. (JinJiang Inn, 2012). Physical resources: can be divided into basic and infrastructure, the basic situation of the hotel chain Jinjiang Inn has more than 500 distribution in Shanghai, Beijing and other 86 large and medium-sized cities in the country, room a total of more than 60,000 infrastructure including air conditioning, bathroom, TV, telephone, broadband internet, 24-hour hot water and other infrastructure, to show an economically practical and comfortable accommodations. Financial resources :from the two main ways most of the investment by the parent company of Jin Jiang International Group, Another way is through public financing, Jinjiang along with its parent company, the Jin Jiang International Hotel Group in December 2006 in the success of the Hong Kong main board market market, opened overseas financing channels, into a period of rapid expansion. Jinjiangs technical capacity Committed reflected in the company since the date of the establishment of the call center systems and related software, custom development and marketing, especially telemarketing system has been independently developed by the company, the industry praise Jinjiang Inn the first in the industry to develop independent website and booking system, large client systems and guest satisfaction survey feedback system. Reputation resources: are mainly reflected in Jinjiang since its inception in 1996, continues to be rated as Shanghai Famous Trademark, Shanghai, the most growth service marks, Shanghai Famous Brand won consecutive year 2006-2007 first top ten top brand influence of the Chinese economy hotel , Chinas economy hotel brand Pioneer honorary title. Therefore, Jinjiang Inn has a very good reputation image. Innovation is mainly reflected in three aspects First, the introduction of low budget hotel high-end products. The budget hotel market can continue to be subdivided into high medium and low market, the current budget hotel is mainly concentrated in the mid-market, Jinjiang keen to seize this vacancy, launched a low-high-end products. Prices of low-end brands in the 100-150 yuan, the low-end brands target customer is still a business and family tourists, mainly for price sensitive crowd followed, the prices of high-end brands in the 250-350 yuan, product updates to Five Dynasties. More specialized than the third-generation product, the fourth-generation products humane, more suitable for the accommodation needs of business travelers, the fifth generation of the product is a green concept hotel last product, create Jinjiang chef. Jinjiang Chef pure restaurant chain brand Jinjiang Inn Co., Ltd. was founded, it is committed to the the Jinjiang high grade dining culture into ordinary diet , and reduce costs through the chain, so the popularity of high-end cuisine, so people can experience the connotation of the Chinese diet. (Zou, 2005). Conclusion: Can be obtained from the above analysis, Jinjiang main advantage of resources that the technical resources, innovative resources and reputation of resources, that intangible resources. Therefore, Jinjiang should focus on the use of its intangible resources to enhance their own status in the budget hotel market. Conclusion Technology market which the mobile phone industry, the hotel industry and tourism market, tangible and intangible resources, analysis and comparison, I have come to the following conclusions, tangible resources are the basis of the intangible resources, intangible resources is the sublimation of physical resources, both of those combined with each other in order to make the company or companies more competitive, with the social progress and the development of resources, many companies have shifted from the tangible resources to the development of intangible resources, tangible resources, most companies will get, but the intangible resources,accumulated by business or the companys long-term thing, others not learn, intangible resources is the fundamental driving force of the development of the company or enterprise, in the mobile phone industry, Apples patented technology in particular attracted worldwide attention, the hotel industry,Although it is an emerging industry, the hotel ind ustry in the past, the emphasis on physical resources and hardware facilities, while ignoring intangible resources, such as the brand, and so, but with the progress of society, many hotels have recognized the importance of intangible resources vigorously develop intangible resources, which will be after the mainstream of enterprise development

Taking action that risks destroying a friendship

Some people think letting a friend make a mistake is better than taking action that risks destroying a friendship. However, I prefer to let my friend know his or her mistake when I know it . This is because I can direct my friend to proper way and lead both of us to keep a stable relationship. First of all, I want my friend to know proper behavior because I truly care about my friend. If I see my friend make a mistake, I will make my friend know about his or her attitude. For my personal example, I had an experience about my friend who really likes to borrow others’ stuffs for her own benefit. I knew our friendship will be broken if I tell her not to do it. However, I told her about my opinion and showed my frankness for my friend’s future. While I kept talking about her bad habit, she eventually understood to the extent that she was selfish. After this, she highly cares other people first over herself. Therefore, I strongly believe that it is better to get involved in case people seetheir friends are about to make a mistake. Second, it helps me feel better to tell my thoughts of my friend’s behavior because telling the truth is more beneficial for our steady relationship. Even though telling downside of my friend is unpleasant for the time being, our friendship will be stronger and more stable in the future. Using my personal experience as an example, I have the best friend in Korea whom I keep in touch with even though I am in United States now. We met each other in freshman year. He is outgoing and sociable, so he really enjoys meeting a new girl for fun. Since I really worried about my friend’s unserious relationships with several girls, I advised him about his dating. At first, he was so angry with me at first, but we become best friend now after he realized my truth. Therefore, I believe that telling a friend to correct bad behaviors helps me to make the friendship stronger. To sum up, taking action that risks destroying a friendship is better for all in the long run. For these reasons, I strongly agree that it is better to get involved to prevent my friends from making mistakes rather than letting them make a mistake.

Euripides’ play “Medea” Essay

The characters of Euripides’ play Medea require to be viewed from a variety of perspectives. To say that the only characters that deserve the audience’s sympathy are the children is not totally correct. As far as the plot is concerned the children are no doubt the innocent victims of this conflict between Medea and Jason, however there are other characters that also deserve our sympathy. Also to vaguely state that ‘everyone else gets what they deserve’ requires further analysis of the extent to which their ultimate fate is justified. Some critics say that Medea is a mad woman driven by her lack of control of her emotions. Throughout the play this description of her had proven to be true, however this does not mean we do not feel at all sympathetic towards her. If the audience can look at the world through her perspective, then it would not be surprising to see why she is so uncontrollably driven by her fury and passion. As a foreign princess, a wife, a mother and a woman, the humiliation and pain that had been bought upon her is all too overwhelming. ‘She will not eat; she lies collapsed in agony, dissolving the long hours in tears.’ The pain and suffering that Medea experienced deserve the audience’s sympathy. Another source of sympathy that we should feel for Medea comes from her role as a mother. As she decides to kill her own children, her mind becomes torn apart by inner conflict as a mother and as the emotion driven beast. There are many evidence throughout the play that shows her sense of maternal devotion. ‘That you once loved them, that of your body they were born. For one short day forget your children; afterwards weep: though you kill them, they were your beloved sons. Life has been cruel to me.’ From the above quote, the audience is able to see that Medea is not completely cold blooded. Her love towards her children and the inevitable pain of killing them with her bare hands is somewhat tragic and in deserving of sympathy. At the conclusion of the play I would disagree that all the characters deserved the ending they were given. Firstly one has to define and clarify the meaning of justice and justify the extent to which justice was served out to each character. King Creon and his daughter Glauce have committed no  crime and yet they die the most horrendous deaths. It can be concluded that we may not only feel sympathetic towards the children, but also towards Medea for all the misfortunes and tragic events that happen to her. We should also feel sympathetic towards her because of her role as a loving mother. We are shown that justice is not served out to those who most deserve it, and that harsh ends come to those who are innocent, hence the world of Medea and her rampage of revenge. References: Euripides, Medea

Financial Performance Of Various Banks - 790 Words

When evaluating the financial performance of various banks one must turn to the financial statements that they supply each year to the public as required by the Comptroller of the Currency, the Federal Deposit Insurance Corporation ( FDIC) and the Securities and Exchange Commission (SEC), if it is a publicly traded bank. The annual 10K report that is filed with the SEC along with the corporate websites of the financial institutions that are being looked at are good places to obtain the data necessary to evaluate growth for specific bank and to be able to compare it to other banks. Review the normal ratios that would be looked at for growth such as return on revenue, operating margin, net income and earnings per share almost when looking to see what type of growth has taken place at a given institution. The three institutions that will be looked at for the scope of this analysis are SunTrust Bank, PNC Bank, and Regions Bank. Each of these institutions are publicly traded and have 10K filings with the SEC. Analysts should never look at ratios alone and the more data one has the better picture one can assimilate to better reflect the true picture of the financial performance of the institution. Caution must be used here as well not to rely heavily on averages since outliers on data can skew averages, may not give an accurate depiction of the actual growth-taking place at a particular bank, and can even be misleading by itself. To better understand ratios one must know whatShow MoreRelatedWhat Is Source Of Analysis943 Words   |  4 Pagescollected from Reserve Bank of India Bulletins, annual report of the respective bank website, Indian Banking Association, various banking journals and news papers. The study covers a period of five financial years from 2013 to 2017the financial year of the banking consists of twelve months from 1st April of a calendar year to 31st March of subsequent year. Data Collection: Data was collected through money control of India monthly bulletins, annual reports; money control banks websites, Prowess SoftwareRead MoreEvaluation Of Financial Position And Performance Of Uk Banking Sector1163 Words   |  5 PagesTopic: Evaluation of Financial Position and Performance of UK Banking Sector with Respect to Liquidity and Profitability Research Background: Several research studies have done not only about the importance of performance evaluation (financial and non financial) of banks but also for the impact of analysis to the economy and various stakeholder groups. Generally the financial performance of banks and other financial institutions has been measured using a combination of financial ratio analysis, measuringRead MoreA Bank As Defined By Bafia ( Banking And Financial Institutional Act Essay999 Words   |  4 PagesIntroduction A bank as defined by BAFIA (Banking and Financial Institutional Act) is a person which carries on banking business. A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. Bank act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customer’s current accounts. In other word, bank is a financialRead MoreEssay on Risk Management in Banking1021 Words   |  5 Pagesexchange of grain or goods between farmers and merchant were termed trading. Bank is financial intermediaries which accepts deposits from general public and organizations and are engaged in lending activities. In other word, banking business is the business of receiving money from the market through deposits and paying or borrowing the fund to the capital market and general public as well. Banks undertake various fi nancial activities such as investment banking, private banking, insurance, consumerRead MoreNotes On Data And Methodology Essay1316 Words   |  6 Pagesperformed. The data used in this study are bank level data, compiled from income statements and balanced sheet of three foreign bank i.e. United Overseas Bank (UOB), Oversea-Chinese Banking Corporation (OCBC) and HSBC Bank and seven domestic bank i.e. Maybank, CIMB, Public Bank Berhad, RHB Bank, Hong Leong Bank, AMMB Holdings and Bank Rakyat during the period 2006 to 2015. The data are gathered from various and also from Bursa Malaysia Berhad and Bank Negara Malaysia. Data Collection (SecondaryRead MoreThe Structure, Conduct and Recent Performance of the Uk Banking Sector1105 Words   |  5 Pagesconduct and recent performance of the UK banking sector, it is useful to provide an insight in the recent global financial crisis caused by the sub-prime mortgage crisis initiated in the US and underline its effects on the banking industry in the UK. It all started with the collapse of the housing bubble in the US, as borrowers were no longer able to meet their financial obligations and as consequence many of these subprime mortgages became default and the market became illiquid while banks were strugglingRead MoreDeposit Mobilization Of Scheduled Commercial Banks1482 Words   |  6 PagesDEPOSIT MOBILIZATION OF SCHEDULED COMMERCIAL BANKS IN INDIA INTRODUCTION Capital gathering which in turn is essential to economic growth and development the stages of accumulation are savings and investment among them saving is most crucial because it is basic constraint for investment and development so capital accumulation and economic growth is affected by the rate of savings in the economy mobilization of savings becomes all the more important in the economy when economic growth is set withRead MoreManaging All Trade Breaks Raised And Identify Resolution961 Words   |  4 Pages LEADERSHIP EXPERIENCE Deutsche Bank, Jacksonville, Florida, Senior Operations Analyst Listed options Oct 2014- Aug 2015. Job Summary: Manage all trade breaks raised and identify resolution path to continuously challenge systems and processes to improve efficiency and risk control. Work Achievements: †¢ Coordination: Interfaced with New York and London Derivatives Sales Desks, internal Order Management Systems, and clients in order to properly clear Deutsche Bank executed U.S. listed options tradesRead MoreBusiness Matrix1325 Words   |  6 Pagesgoverning different fields of financial reporting. Accounting principles are also known as accounting principles and guidelines, these acts as the base on which more complex and critical rules are based. The authority responsible for issuing the accounting standards (i.e. financial accounting standard board) also uses these basic principles to formulate the accounting standards in a more efficient manner. Generally accepted accounting principles (GAAP) consist of various rules and principles whichRead MoreThe Value Of Instruments With Intermediate And Long Maturities1669 Words   |  7 PagesTD Bank would need to take into account when managing interest rate risk the effect of on its net income and net interest income in order to evaluate the input of noninterest income and operating outlays toward the interest rate risk exposure. In particular, a bank with significant fee income should assess the extent to which that fee income is sensitive to rate vicissitudes. From a capital perspective, a bank should consider how intermediate (two years to five years) and long-term (more than five