Saturday, February 15, 2020

Strategic Analysis of Regent Hotel Singapore Research Paper

Strategic Analysis of Regent Hotel Singapore - Research Paper Example Strategic Analysis of Regent Hotel Singapore For example, the firms that existed before Regent Hotel were a major threat. Major potential factors that expose an industry or a company to overcome such challenges may include; a sustainable competitive advantage through innovation. For this case, Regent Hotel established renewable sources of energy, which indeed was a great challenge to existing industries. However, Porter argues that competition between offline and online companies is also a factor need for consideration Secondly, Porter comments profitable markets that yield good profits will attract new industries. This results in many new competitors, which eventually will decrease profitability for all firms in the industry. The following factors can have an effect on how much of a threat new competitors may pose: the existence of barriers to entry for example patents, rights, etc. The most attractive segment is one in which entry barriers are high and exit barriers are low. Here, new firms can enter and non-performing firms can exit easily due to high competition. The following factors have indeed helped Regent Hotel, as a company to sail through government policy not affects Regent Hotel to expand its business. All suppliers of raw materials, components, labor, and services to the firm can be a cause of power over the firm when there are few substitutes. For example if you are making loaves of breads and there is only one person who sells flour, then you have no substitute but to buy it from them.

Sunday, February 2, 2020

Toward a Moral Economy Essay Example | Topics and Well Written Essays - 750 words

Toward a Moral Economy - Essay Example Moral norms as used here refer to the general statements or rules, such as always being truthful, while moral values are expressed as statements that describe features or objects as having worth (Velasquez, 2013). The focus of a moral economy, therefore, deals with achieving understanding of these practices and institutions, as well as on desirable and feasible possibilities for change. Judgments concerning the justice in society have their basis on moral principles that come up with fair ways for the distribution of economic burdens and benefits among all members of a specific society (Velasquez, 2013). In the same society, judgments concerning the violations of rights of its members revolve around moral principles that identify the aspects on which the individuals’ wellbeing and rights to freedom and liberty are respected by the authorities. The moral, economic society should also be guided by the utilitarian morality standard, which is a moral principle contending that various acts are right only to the extent that they increase the economic benefits to society, while also decreasing the economic costs to society. In addition, this moral economy must also possess an ethic of virtue, which refers to the ethic that places emphasis of ensuring the concrete wellbeing of other individuals in society, rather than only oneself (Velasquez, 2013). To evaluate the moral character of individuals in this moral economy, the ethic of virtue is used. Capitalist justice is based on the contribution of individuals in society and acts as a possible starting point for a moral economy. In this case, the benefits are distributed according to the individual’s contribution to society, raising the question about how distributive justice’s contributive principle can allow for the measurement of each individual’s contribution on the basis of work effort (Velasquez,