Idea of Being A Fan Essay Example | Topics and Well Written Essays - 500 words

Idea of Being A Fan - Essay Example However, fans in reality play a much deeper role, since they are placed as a great resource within the retail outlet sector, and are especially targeted to play their role within the mechanisms of consumer culture (Hills 3). When many fans come together, it is known as a fan base or fandom. As far as society goes, in order to provide for economic growth, a number of monetary and fiscal policies must be implemented (Lipsey et al. 445). Therefore, through the mass movements in money due to fan activities, society benefits as a whole thereby further creating developments. I remember in particular when I was a big fan of the musical band, the Red Hot Chilli Peppers. I was so fascinated and inspired by their works that I decided to pick the bass guitar to mimic their style and also in the hope of making it big myself. I attended a couple of their concerts, which was truly an amazing sight, and purchased most of their merchandise. Indeed, the Red Hot Chilli Peppers did influence my way of living and my mannerisms, as well as my wallet. Eventually, their music became monotonous and so, I moved on to another genre of music where I became a fan of many other bands, namely Three Days Grace and Breaking Benjamin. Fans, in my mind are not completely influenced through the activities of their â€Å"idols†. There are various other psychological factors that are implemented into manifesting a fan base. For example, when it comes to sports fans, various techniques may include higher fan expectations for an event, pressurized competitive environment, individualism, new technology, time pressure, paradox of commercialism and many more (Rein et al. 9). Indeed, a fan in any field is a highly prioritized commodity. If you ever view any of the music awards, you will always notice the winner thanking their â€Å"fans all over the world†. It may be so, that we are all fans of one thing or another, even though we may not consciously aware of it. In fact, it may

Critical management perspectives Essay Example | Topics and Well Written Essays - 2500 words

Critical management perspectives - Essay Example When 70 percent of the surveyed individuals prefer to buy Company A’s products and services over the Company B’s competing products and services, Company A’s products and services has more value over the value of Company B. Value includes the value of the supply chaini. Academic theory /literature to justify my idea One research shows that the company must exert efforts to create and enhance business valueii. For the business entity, value equates to the quality of the services offered. A company that delivers the same product within two days has a lower value when compared to another company that offers to deliver the same product or service within a lesser time period. The research shows that value includes quality of the factors that contribute supplying the immediate needs of the company’s current and future customers. The factors include the suppliers’ delivery of the company’s raw materials and other quality supply needs on time. Furthe r, another research states that value creation and enhancement includes implementing the best alternative marketing and management plansiii. The research shows that value creation in the contemporary business organization is complex and many-phased topic that incorporates changing factors. For example, outsourcing will increase the company’s revenues. ... Economic principles dictate that as the demand for the company’s products and services decrease, the current and future customers demand for the company’s products and services increaseiv. Furthermore, another research indicates that business value investing and improvement should be prioritizedv. The value investing and improvement included companies are forecasted to have high value. There are many factors that contribute to increasing and retaining the company’s high business value. The factors include the company’s historical revenue trend. The company that shows it generated three prior year’s high revenue will have a higher business value compared to the company that has a tract record of three years of lackluster (low) revenue outputs. Additionally, the company that has shows it generated net profits for the past three years has a higher business value compared to a company that had generated net losses for the past three years. Moreover, bus iness combinations contribute to higher business valuevi. When a big company acquires a smaller company, the business value of the smaller company is catapulted to higher levels. Normally, big companies merge or combine with some of its competitors in order to increase its market presence. The increased market presence increase the company’s revenues and profits. Often, the fair market values of the separate companies are used when determining the higher business value of the merged or combined company. Further, the merger or consolidation of the two companies includes adding one company’s goodwill or good name in the new combined company’s higher business value. Goodwill can be defined as the popularity of the company’s name among