Ebay Strategy

Short history of eBay Pierre Omidyar launched the first online auction in 1995 under the name ‘Auctionwatch’ under the domain name of www. eBay. com with the intention of creating a person- ­? to- ­? person trading community based on a democratized, efficient market where everyone could have equal access through the same medium, the Internet. The initial concept was to attract neighbours and other interested in the San Francisco Bay area residents to the site to buy and sell items of mutual interest. From there, the business grew to succession year after year. 1996: Jeffrey Skoll became co- ­? president and director of eBay. 997: Margaret Whitman became CEO of eBay. 2004: eBay acquired a share in Craigslist. 2005: eBay acquired Rent. com and Shopping. com. 2006: Acquisition of Skype. 2007: eBay acquired Stubhub. com. 2008: Margaret Whitman resigned as CEO. John Donahoe was her successor. During the years 2006- ­? 2008, eBay experienced a drop in gross merchandise sales to - ­? 12% and a reduction in number of auctions listed to - ­? 15%. This signalled a downturn in business for eBay, and a need to overcome the challenges which it now faced. Between 2006 and 2008 : eBay’s share of the US e- ­? commerce market had fallen from 19% to 17% (Amazon market hares, same period: from 3,7% to 5,3%). In 2008, John Donahoe took over the firm. Donahoe was a man who liked change. He believed that the firms marketplace sector had reached its maturity and a change in strategy was needed for the firm to move forward. In other words, he believed that the emphasis should no longer be put on the market place sector of eBay but on expanding the business by providing an array of other services. Question 1: Porters’ five forces: When eBay was first set up in 1995, it was the first business in the online auction industry. Since then, the industry has grown significantly. eBays competitors includeAmazon, uBid, Yahoo, and Google. Due to the incre asing interest in the online auction industry, eBay is now facing competition from a number of different rivals, most importantly Amazon. 1. Bargaining Power of buyers: Medium Buyers have the power to negotiate a price which suits them through setting their preferred bid. There is no pressure on buyers to surpass their preferred price limit. However, the number of buyers in the market is vast therefore their power is limited. 2. Bargaining Power of Sellers: Low As a result of endless number of sellers in the market, the bargaining power is low as there are many alternatives which an offer buyers good value and at a low price. Unless dealing with high end items or collectibles, which may be rare, the bargaining power of suppliers is low. 3. Existing Rivalry among competitors: Medium: The online auction industry is oligopolistic in the sense that there are a few large companies who own a large proportion of the market shares (eBay, uBid). However eBay is facing competition from severa l online retailers (Amazon, Overstock). 4. Threat of Substitutes: High Many consumers still prefer to use traditional methods for purchasing and selling items such as in- ­? store purchases. Consumers prefer to use this ype of purchase for many reasons. Firstly for security purposes, there is no risk in giving cash- ­? in- ­? hand to an establishment as opposed to giving credit card details online. Also, buyers have the opportunity to check the value of the good they wish to purchase. Many retail outlets have also extended their market to an online level. 5. Threat of new entrants: Medium The threat from new entrants is medium. As a result of low barriers of entry into the market, it is not difficult for businesses to be created. Businesses find it difficult to generate regular customers, as they must build up a reputation of having a safe nd secure website. In this sense, eBay has a competitive advantage as it has created a strong, trusted environment for its customers. Risin g competition in the market will, in turn, cause improvements in product quality and innovation. Also in order to generate good profits, eBay must focus on the sector of suppliers which regulates the most profits, this being the suppliers of high end items such as collectible products. EBay can differentiate by specialising in the market for collectible goods. Question 2: PEST Analysis:  §? Political: The internet is a tax free environment. EBay is not affected by the governments’ laws on axes. However, eBay is affected by certain policies considering the sale of certain products in different countries. For example, the CNIL in France. Economical: As a result of the economic crisis, consumer behaviour is changing. Consumers have less disposable income to spend caused by problems associated with the economic downturn such as rising unemployment rates, inflation rates etc. Sociological: Consumer behaviour has changed dramatically in recent years. Consumers want a quick and co nvenient way to source their products/services; the internet provides this through online retailers and auctions. The number of internet sers has amplified (insert statistics later? ). Technological: The internet has revolutionised, its range of activities has expanded with time. Along with offering search engines to quickly find products/ services, internet now makes it possible to quickly make transactions between buyers and sellers (PayPal).  §?  §?  §? The combined aspects of political, social, economic and technological will strengthen competition in the industry. In reference to economical, the economic crisis will cause companies to differentiate and work harder to find a competitive advantage over its rivals. In relation to technological, the use of e- ­? ommerce is becoming more and more popular; it has transformed the market place. Changing demographics has meant the internet and e- ­? commerce has become a more prominent force in the lives of consumers. E- ­? commerce is appealing as a more attractive industry as opposed to traditional retail outlets. It is less expensive for companies to create a business online as they can avoid the cost of employing a sales workforce. Also, as technology progresses, there will be the opportunity for firms to globalize, therefore expanding their market reach into different countries, and increasing their consumer base. Online businesses ill be able to target a larger number of consumers worldwide. In the current economic crisis, people need to increase their cash flow. This is an advantage for online auctions such as eBay as people can sell items that they no longer use. It creates a larger market for second- ­? hand items such as worn- ­? once clothing. Question 3: Key Success Factors: Online auctions and retailers †¢ †¢ †¢ †¢ †¢ These key success factors apply to both online retailers and online auctions. However, in the case of the online auctions, a key success factor w ould be the necessity to create a community of trusted buyers and sellers. Online auctions uch as eBay emphasise the importance of good values among their users such as honesty and trustworthiness. A second key success factors for online auctions is the importance of attracting and keeping sellers as without sellers supplying the items, the market would not exist. It is essential that online auctions are made attractable to sellers. This can be done by offering suppliers the option to set a minimal price for their products, further advertisements of their products e. g. eBay will display sellers products on their homepage for a minimal fee. As shown, there are specified key success factors for online auctions. †¢ Necessity to create a community Necessity to attract suppliers Expertise in technology Brand name Generate traffic to the site: by attracting and keeping customers Overcome internet users nervousness about using the internet for e- ­? commerce Security of payment Que stion 4: Our strategic map conveys that this is an oligopolistic market. There are two main competitors who hold strong positions in the market, those being eBay and Amazon. Both businesses have a strong reputation in the market combined with a wide variety of auctions/product categories. EBay is a household name when it comes to online auctions. The map shows hat eBay holds the strongest position in the market. Amazon lacks in number/variety of auctions compared to eBay but it still managed to hold a strong position in the market through its well- ­? established brand name. In comparison with eBay, Yahoo holds a weak position in the market. It lacks in brand recognition as an online business. Yahoo also has a limited variety of auctions paralleled with the market giants eBay and Amazon. Question 5: Swot Analysis  §?  §?  §?  §? Strengths: Global brand for online auctions (Brand awareness). Quality and Quantity of products. Community spirit. Payment security (Paypal). Oppo rtunities:Acquisition of new business. Develop a market in emerging countries (India, Brazil†¦). Increase in online shopping.  §?  §?  §? Weaknesses: Model opened to fraudulent activities. System breakdowns. Increasing customer demands Threats: Substitute products (stores, online shopping web sites†¦). Success attracts competition. Interest and foreign currency exchange rates. Consumers’ fear of fraudulence  §?  §?  §?  §?  §?  §?  §? The SWOT analysis reveals that eBays strengths outweigh its weaknesses. eBays most promising strength is its globally known brand name. EBay has been established as a household name with its continued success in the - ­? commerce industry. It is still possible for eBay to expand and grow in this industry due to the increasing interest in online shopping. A notable weakness of the online commerce industry would be its systems openness to fraudulence. This has been faced by many businesses in the market including eB ay. Even though eBay was subject to controversy over this problem it has still emerged in a strong position nevertheless. Question 6: After computing the current ratio, we found that the company is able to pay its liabilities with its assets. 2005 2006 2007 Current Assets Current Liabilities 3990993 1266792 4970586 2518395 7122505 099579 Current ratio = current 3,15 1,97 2,30 assets /current liabilities It means that in 2007, the company can reimburse its liabilities with its assets 2 times. We noticed that the net income is decreasing (- ­? 70%). In fact, the gross merchandise sales are decreasing (- ­? 20%) and the auction listed too (- ­? 14%). The working capital shows us that eBay has enough cash available for the firm day to day operations. Working capital = current assets- ­? current liabilities 2005 2006 2007 2724201 2452191 4022926 The average collection period in 2007 is about 22 days. That means the company wait just 22 days before receiving the

The Contempt and Bitterness of Virginia Woolf Exposed in...

The Contempt and Bitterness of Virginia Woolf Exposed in A Room of Ones Own Virginia Woolf refuses the role society prescribes her. She stands up against glass ceilings, separate spheres, and double standards-cultural institutions that create and uphold a weaker sex. In her writing, specifically A Room of Ones Own, she manifests her contempt and bitterness by advocating it is necessary [for women] to have five hundred [pounds] a year and a lock on the door if you are to write fiction or poetry (769). However, to break and step above the institutions she criticizes, Woolf knows she cannot simply complain about her brothers years at Oxford while she stayed home with tutors-that would lead an audience to believe she has an axe†¦show more content†¦Marys skills let her do what Woolf cannot: perform. Mary is not against the social order--quite the opposite: Mary is a master of society, commander of its every minutia. At the grand social gala Mary radiates with effortless grace, rallying envy and dazzling spectators, for she knows this performance her par t-very well; whereas at the same occasion Woolf feels uncomfortable, even angry because functions like these keep women in their place. Marys extensive ballet instruction has prepared her well for the socializing world by teaching her complacence. Her highly skilled maestros have taught her to obey orders from superiors, follow what is expected, and to stay graceful and beautiful at all times-at all costs, Thus, Mary has the restrained character expected of academic men, and all the burdens of a shackled woman. Creating Mary gives Woolf the ability to execute the performance she otherwise could not; at the same time it enables her to present herself as an every woman, so to speak. The Mary-mask covers Woolfs individuality with a common name and stereotypically female qualities including naivety and disguised anger--echoing the practice of countless women. By employing this mask, Woolf creates a bond between herself and all women, attempting to establish trust and creating a shared experience with them. As author Adrienne Rich describes Mary: I recognized that tone. I had heard it often enough, in myself and in other women. It is the tone

Employment Opportunities For Job Jobs - 1861 Words

{{Volunteer|Helper|Unpaid} {Jobs|Work|Employment Opportunity|Job Openings} That Will {Land You|Result In|Give You} A {Full Time Job|Permanent Job|Regular Employment}| {Using|Exploiting|Making Use Of} {Volunteer|Helper|Unpaid} {Jobs|Work|Employment Opportunity|Job Openings} To {Get|Obtain} {Full Time Employment|Full Time Job|Permanent Job|Regular Employment}| {Changing|Replacing|Substituting} Your {Part Time Job|Temporary Employment|Side Job|Unpaid Job|Volunteer Job} Into {Full Time Employment|Full Time Job|Permanent Job|Regular Employment}} {The need for gainful employment is only offset by the lack of enough opportunities in the job sector|Only when one begins to search for a job, does one realize how difficult it is to get one|Getting employment that pays well is difficult and one comes to know of this when one searches for one}. {Once you have attained a certain age, you must begin your career hunt|This stage in life comes eventually for everyone|One must get a job to get on with life}. {Here are some volunteer jobs that will land you a full time job|Let us gather a group of jobs that you begin part time while looking for permanent placements|You can see in this article how one may keep doing voluntary work and check on the opportunities for regular job postings}. {First, you are not out there to do social service|You have to remember that you are not donating your time and effort|When you begin, keep in mind that the work you do is having a purpose}. {The job you landShow MoreRelatedImproving the Employment Rate1408 Words   |  6 Pagesonly problem was that the employment rate barely budged from 3 years leading up to 2013. 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The Effect Of Task Switching And Their Effects On...

Abstract This paper explores a published article that reports on results of Task Switching and Their Effects on Cognitive Processes with in an individual’s mind when asked to do something. This article addresses the shifts in between cognitive tasks, the reaction time and error time based on the task switch. This article also addresses how to decrease the chance of error by giving a chance of having an individual prepare beforehand. This paper will examine Monsell’s (2003) research in relation to how Task Switching is fully understood and what effects on the brain for the individual switching task and its cognitive process. As well as the analysis of participants which conducted this experiment and the materials that were used for this experiment. In this analysis there was 100 total trials where 50% contained Odd/Even trails and the other 50% contained Magnitude trials. 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Trader Joes free essay sample

I believe one of the â€Å"must have† managerial skills for a Store manager of Trader Joe’s is leadership. Leadership is very critical and important; it is the ability to motivate other employees towards common goals, like providing great costumer service or building an effective work team. Basically, employees will follow the lead of a store manager and if the skills of the manager are effective, it will result in successful performance of the department. Also, a good leader is always looking for new ways to make improvements inside or outside the store. Even though store managers may face difficult situations or need to handle problems with employees, it is important to make a decision based on the information, stick with it and deal with the consequences. Some of the risks that international ownership and global events pose for Trader Joe’s performance efficiency are political and economical. Trader Joe’s has to follow political changes, because they won’t be able to operate effectively when the government has a negative impact on individuals in certain countries. We will write a custom essay sample on Trader Joes or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Also, they need to be aware of countries financial responsibilities. If a country is not able to meet those obligations, or has negative effects on interest rates or exchange rates, it will be difficult to make international business. Furthermore, in today’s world there is an environmental risk such as natural disasters or environmental pollution that could damage global business as well. There are some important keys a team leader has when raising up to a manager role. One of them is communication. A team leader needs to be able to communicate well to the workers, so they believe in the message and can follow instructions clearly. Additionally, he or she will make an extra effort to step in when more help is needed. It is also essential to build teamwork and have a great attitude towards difficulties among employees and changes in the work environment. If a team leader can create a balanced work atmosphere for everybody, this will result in a better and more active work. Trader Joes free essay sample How does Trader Joe’s design jobs for increased job satisfaction and higher performance? â€Å"Trader Joe’s has designed jobs to increase job satisfaction by showing appreciation in providing more benefits to their employees than other chain grocers. They provide starting benefits including medical, dental, and vision insurance, company-paid retirement, paid vacation, and a 10% employee discount, Pg. w-100. † Traders Joes also recruits people with certain personality traits that the company wants in their stores. They are able to enrich their employees with knowledge of their products that they are selling, as well as inducing customer involvements. As a result, they are able to have higher job performance because they are able to train and nurture their employees to have the same values and philosophy as the company, as well as granting supreme employee benefits. 2. In what ways does Trader Joe’s demonstrate the importance of each responsibility in the management processplanning, organizing, leading and controlling? For Trader Joe’s, they are able to demonstrate the importance of each responsibility in the management process by establishing a plan to serve quality products with natural ingredients, inspiring flavors, and buying direct from the producer whenever possible, pg. We will write a custom essay sample on Trader Joes or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page w-99. They also organize their stores to limit its stock, carrying about 1,500 to 2,000 products compared to retail mega-markets with 25,000 to 45,000 products. Through leading, Trader Joe’s support their future leaders by hiring managers only from within the company. Future leaders enroll in training programs called, Trader Joe’s University that foster in them the loyalty necessary to run stores according to both company and customer expectations, pg. w-100. Lastly, Trader Joe demonstrated the responsibility in controlling by placing standards to sell natural based ingredient products, as well as striving to offer the highest quality type foods. 3. Describe the methods that show Trader Joe’s knows the important of human capital. One method that shows Trader Joe’s knows the important of human capital is the fact that they encourage employees to taste and learn about the products they are selling and sharing their experiences with their customers. By doing so, Trader Joe’s adds value to their employees. Secondly, Trader Joe’s hires managers only within the company, partly because they know the system inside and out. Their knowledge of how their system works is the human capital, because an outside manager would not have he experience and in depth knowledge as would the person who was hire within the company. 4. Explain the value chain as it pertains to Trader Joe’s. Trader Joe’s value chain consist of it buyers that travel all over the world in search of great tasting food and beverages to buying directly from the producer whenever possible. The company itself is part of the internal value chain where they purchase their wholesome products to their staffing in employees. Customers add value to their chain because they trust Trader Joe’s to offer the most nutritious, sustainable, and organic food, pg. w-100. 5. Research Question: What do the blogs and current news reports say? Is Trader Joe’s management benchmark for others to follow? In what areas relevant to Organizational Behavior does the firm have an edge on the competition? Current news report describes Trader Joe’s as a â€Å"trendy grocery store with cult like following,† Similar new report that Trader Joe’s are opening up a store in Florida. I do believe Trader Joe’s is a management benchment for others to follow because of their widely success that shows in their new expansion in opening new stores in different states. As more and more people are willing to purchase healthy food, I can see that business would want to incorporate some of the values Trader Joe’s has been practicing. Some of the areas relevant to OB that gives Trader Joe’s an edge in competition is being able to sell simple and exotic products that are inexpensive as well as creating a single brand that consumer has learned to trust.

Internet and Everyday Life

Introduction The Internet, otherwise referred to as the cyberspace, stands out as the most welcomed technological advancement ever to happen. Virtually every person uses it either directly or indirectly. As a result, it has become popular and a key driver of economic systems in the world mainly through globalization.Advertising We will write a custom essay sample on Internet and Everyday Life specifically for you for only $16.05 $11/page Learn More According to Heilbroner and Bottke (2007, p.67), â€Å"An economic system is an organized way that a state allocates various resources apportioning services and goods in the state’s community†. Thus, an economic system comprises of institutions, people, relationships and rules that govern how each carries out economic practices. The main objective of an efficient economic system is to provide liberty, equality, efficiency and liberty (Conklin, 1992, p.1). In the new economic system, everyone has many opportunities of becoming a budding entrepreneur. The only requirements are for one to embrace technology, become innovative and manifest a fair deal of determination. The world has experienced unprecedented adoption of Internet into economic systems for the past few decades (Boyle, 2003, p.39). The Internet has enabled the achievement of new and more egalitarian economic systems thus providing many opportunities to the current generation that make it independent, happy, and wealthy. Supporters of this technology claim that, the Internet provides equality that results into a more democratic society (Cooke, 2002, p. 208). While many new things have come based on the advent of the Internet, the paper provides a critical analysis of how the Internet has brought forth the aforementioned new and more egalitarian economic systems. Internet and the Egalitarian economic System The Internet has uniquely influenced religion, politics, and economy by providing distinct benefits in everyda y activities. During the technological revolution, the global music industry experienced losses. However, it has now recovered. In fact, it is reaping huge returns from the Internet (Marshall Fiore, 1994, p. 26).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Consequently, the Internet has resulted into the emergence of innovative economy, coupled with a shift of power to individuals. In addition, utilization of the Internet represents an effective medium of political activism communication, particularly media control by states, which has resulted to an increase in citizen journalism (Goldsmith Tim, 2006, p, 82). Moreover, through Internet, dissemination and sharing of religious beliefs and messages is fast and effective. Thus, the Internet aids in shaping the unique construction of people’s identity, community, economy, and power in remarkable manners. Internet has provided a rev olution on how people, from all walks of life, work and live. Around the globe, innovative and motivated people have realized that the primitive ways of relaying on traditional economic systems to make a good living is unrealistic and are now living outside the cubicle by using Internet to find more secure, profitable, rewarding, and flexible opportunities. Different researches have contextualized diverse roles played by the Internet in bringing about new developments in the economy, which provide remarkable benefits to the world’s population and governments by advocating equal opportunities for all. The major economic benefits obtained from this technology revolve around democracy, identity, and empowerment (Mansell, 2004, p, 74). The Internet has changed the way people carry out economic activities. Different economic activities have emerged replacing the old practices thereby improving efficiency. As Graeme (1999, p.164) posits, â€Å"The new, egalitarian economic systems are not dominated by few, giant structures†¦they are fluid networks of smaller, efficient, and independent units†. This follows because the Internet has provided equal opportunities for all entrepreneurs to venture into the businesses of their choice. Millions of business opportunities traditionally considered as out of reach for small businesses are now easier to operate thanks to various services made available by the Internet. For businesses to succeed in the old economic systems, every person worked in big and integrated corporations, as businesses required massive investments in terms of capital and the economies of scale (Humphreys, 2008, p.167). However, the Internet has changed all these. Businesses are no longer required to perform their functions in-house and or directly hire all the required resources.Advertising We will write a custom essay sample on Internet and Everyday Life specifically for you for only $16.05 $11/page Learn Mor e Businesses now utilize outsourcing services because Internet technology has made it possible to get business work done anywhere and at anytime (Chan Lau, 2006, p, 361). This comes in handy in information businesses such as media, financial, entertainment, and education where there is no production of physical commodities (Froomkin, 2000, p. 1508). Internet has provided stiff competition in business, thus, ensuring that one gets high quality services, which commensurate with the amount paid. In the recent past, people communicated manually using messengers, traditional gadgets and letters, to state but a few. However, with the advent of Internet, communication sector has had a tremendous boost. Benefits in the communication sector The quality of communication among community members has increased at a tremendous rate thanks to the Internet. Factors such as low connection costs, low entry barriers, high speeds, and distance elimination have resulted into enormous adoption of dive rse technologies in communication (Leeder, 2007.p. 23). Various technological discourses encouraging adoption of communication technology has centered on the potential of economic systems to accelerate efforts of national development, opening up various free public spheres and equal democratic discourse, and bring about effective changes in socio-cultural aspects (Laura, 2008, p.16). On the other hand, religious devotions have improved through effective communication, which include music, words, and symbols. Consequently, different religious organizations utilize online religious messages and teachings. For instance, the Vatican uses Internet to disseminate church messages to its global members, as it views this technology as a marvelous invention and very fast communication medium (Foley, 2002, p.4). The Internet portrays different religious ideas and messages, which inspire millions of people all over the globe. Through the Internet, people stand a chance to tackle challenges such as poor communication, delayed payment, group discussions by people in different countries, amongst others in an amicable manner (Carolyn, 1998, p, 201). In turn, this has resulted to the satisfaction of all stakeholders. Further, Internet has a fair share of applications in the economic sector.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Economic benefits The Internet has improved the society’s economy by providing effective medium of society construction in terms of economic and social welfare. The implications of the Internet to the global economic systems are myriad. The adoption of Internet into a platform of mass-market has influenced how businesspersons interact with each other (Hongladarom, 2002, p.244). These economic states are creating many success stories every day, as they provide enormous opportunities, which are more rewarding and less strenuous. The Internet has provided enormous change in the economy in both developed and developing countries all over the world. Huff (2001, p.44) reckons that, â€Å"The presence of Internet in developing countries has provided a great transformation in commerce, and has a significant impact on governments’ conduct and development of economic affairs†. Apparently, the optimism expressed echoes the prevalent image portraying Internet as an empoweri ng and egalitarian medium. The new, egalitarian economic systems are unique, as the biggest domination comes from millions of small business instead of mega corporations. For instance, an image created by Shepard Fairey, a street artist in Los angles became ubiquitous and was spread all over the globe as it presented â€Å"hope† in 2008, during presidential campaigns for Barrack Obama (Behrens, 2010, p.74). This presented huge business venture for a single street artist. Despite the fact that the Internet presents a huge challenge to many people who lack knowledge on its uses, it has tremendous rewards to those who adopt it and make it a paramount tool in managing their economic endeavors. The information provided by the Internet is vital to the success of many entrepreneurs who seize these opportunities and make a great fortune out of them. Through the Internet, people from all over the world can involve in diverse economic activities especially thorough utilization of e-bus iness and e-payments platforms (Murray, 2006, p.41). These services provide equal opportunities to all individuals who want to venture in various economic states all over the globe. Many changes in business operations are occurring because of Internet. Politicians have benefited much based on the availability of the Internet, as they stand a chance, not only to carry out political activities, but also to share their political views with others. Political benefits The political arena has undergone many remarkable changes due to the utilization of Internet. Since 1990s, the Internet has had strong connections with emerging genres of the political activism (Flew, 2002, p 38). Internet provides pragmatic approaches of handling various challenges faced by the political systems in the world. Morris (1999, p. 29) reckons that, Internet democracy has ignored national borders and paved effective ways of personal expression. Internet has diverse unique qualities that makes its presences in th e global politics more profound and have many implications. The first quality is the Internet ability to mobilize users especially those who were not involved in politics thus increasing political activities in the world. Using distinct means, Internet mobilizes people through distribution of vital â€Å"information to all corners of the world† (Campbell, 2009, p.23). For instance, 2008 presidential campaigns in the United States utilized Internet to reach millions of citizens situated all over the world. Internet has great influence on the masses, as they stand a chance to share information easily across the globe, especially through social sites such as facebook. Another quality is the Internet ability to provide quick, high quality, and large quantity information concerning various political activities and ideologies. The Internet also provides unbiased information on available political opportunities to everyone who accesses the online services. Moreover, the ability of t he Internet to shrink distances existing between users has brought into existence new and more egalitarian political systems. Internet has rendered convectional physical distance or geography irreverent by making communication between users fast and efficient (Antulio, 2008, p. 76). This has improved political identity and power of individuals all over the world. Benefits in the music industry The music industry globalization has increased the potential of this industry largely. This globalization has increased political, economic, social, and cultural connections (Flichy, 2008, p.57). Significant changes are evident in the music industry due to music digitization and Internet development. Easy online access to music has enabled worldwide distribution of all music genres rendering intermediaries unnecessary (Shuker, 1998, p.23). There are a few challenges to this technology. As Andrew (2007, p.17) reckons, â€Å"colonization of cultural identity and public space by the multi-nation al music corporations exists, which diminishes the power of small corporations in the same industry†. However, the power of the music industry on the sharing and dissemination of talent in music has changed to record labels and independent voices of the artists. For instance, social networking sites such as MySpace and YouTube have undergone expansion illustrating paradigm shift from first media age to the second media age (Cavelty, 2008, p.68). This has made international distribution of different genres of music such as rap and hip-hop fast and effective. Conclusion Based on the expositions made in the paper, it suffices to declare Internet the backbone of every activity that is currently taking place around the globe, be it business, communication and or politics. The Internet has many benefits to everyday activities, as confirmed in the paper. For individuals who are innovative, striving to create their own niches, Internet provides endless opportunity for them to market t heir ideas as well as receiving clients from all over the globe. Through Internet, it takes few seconds for information or an advertisement to reach every part of the world. Thus, it is imperative to adopt this technology to reap maximum benefits it offers. Therefore, if the internet were to be put aside, the world would be in darkness with everything at a standstill. Reference List Andrew, M. (2007).The Regulation of Cyberspace: Control in the Online Environment. New York: Routledge. Antulio, E. (2008). Wars of Ideas and the War of Ideas. Carlisle, PA: Strategic Studies Institute. Behrens, H. (2010). Globalization vibrates the 21st century. Lithaus, Berlin: Lithaus Uni- Edition. Boyle, J. (2003). The Second Enclosure Movement and the Construction of the Public Domain. Law and Contemporary Problems, 66(33): 33–75. Campbell, D. (2009). Writing Security: United States Foreign Policy and the Politics of Identity. Minneapolis: University of Minnesota Press. Carolyn, M. (1998). Wh en Old Technologies Were New: Thinking about Electric Communication in the Late Nineteenth Century. New York: Oxford University Press. Cavelty, M. (2008).Power and Security in the Information Age: Investigating the Role of the State in Cyberspace. London: Ashgate. Chan, K., Lau, T. (2006) â€Å"Are Small Business Owner/Managers Really Entrepreneurial?† Entrepreneurship and Regional Development 5(4), 359-367 Conklin. W. (1991). Comparative Economic Systems, Cambridge: Cambridge University Press. Cooke, P. (2002) Surfing for Eastern Difference: Ost-algie, Identity and Cyberspace. Canadian Journal of Germanic Studies, 40(3), 202–221. Flew, T. (2002). New Media – An Introduction. United Kingdom: Oxford University Press. Flichy, P. (2007). Internet Imaginaire. Cambridge, MA: MIT Press Foley, J. (2002). Pontifical Council for Social Communications – The Church and the Internet. Web. Froomkin, M. (2000). The Death of Privacy? Stanford Law Review 52 (2000): 1461 - 1543. Goldsmith, J., Tim, W. (2006). Who Controls the Internet? Illusions of a Borderless World. New York: Oxford University Press. Graeme S. (1999). Global Transition: A General Theory. New York: Palgrave Macmillan. Heilbroner, L., Boettke, P. (2007). Economic Systems. The New Encyclopà ¦dia Britannica, 34(17), 908–15. Hongladarom, S. (2002). The Web of Time and the Dilemma of Globalization. The Information Society, 18(4), 241 – 249. Humphreys, S. (2008). Ruling the Virtual World: Governance in Massively Multiplayer Online Games. European Journal of Cultural Studies, 11(2): 149–171 Laura, S. (2008).Speech without Rights: The Status of Public Space on the Internet. The Communication Review, 11(2): 1–23. Leeder, Kim. (2007) Technology and Communication in the Environmental Movement.  Electronic Green Journal, 1(25): 19–26. Mansell, R. (2004). Political Economy, Power and New Media. New Media Society, 6(1), 96-105. Marshall, M., Fiore, Q. (1 994). War and Peace in the Global Village. New York: Simon Schuster, Inc. Morris, D. (1999).Vote.com. Los Angeles, California: Renaissance Books. Murray, W. (2006). Geographies of Globalization. New York: Routledge. Shuker, R. (1998). Popular Music – The Key Concepts. USA and Canada, New York: Routledge. This essay on Internet and Everyday Life was written and submitted by user Stella Horne to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Ammonium Nitrate Facts and Uses

Ammonium Nitrate Facts and Uses Ammonium nitrate is the nitrate salt of the ammonium cation. It may be considered the ammonium analog to potassium nitrate or saltpeter. Its chemical formula is NH4NO3  or N2H4O3.  In pure form, ammonium nitrate is a crystalline white solid that readily dissolves in water. Heat or ignition readily cause the substance to ignite or explode. Ammonium nitrate is not considered toxic. Options for Obtaining Ammonium Nitrate Ammonium nitrate may be purchased  as a pure chemical or  collected from instant cold packs or some fertilizers.  The compound is most commonly prepared by reacting nitric acid and ammonia. Its also possible to prepare ammonium nitrate from common household chemicals. While it is not difficult to make ammonium nitrate, it is dangerous to do so as the chemicals involved can be hazardous. In addition, it can easily become explosive when mixed with fuels or other chemicals. Ammonium Nitrate Uses and Sources Ammonium nitrate is a chemical compound used in agriculture as a fertilizer, to make pyrotechnics, as an ingredient in cold packs, and for science demonstrations. Its also used to create controlled explosions in mining and quarrying. It was once mined as a natural mineral (niter) in the deserts of Chile, but it is no longer available except as a man-made compound. Because ammonium nitrate may be misused, it has been phased out in many countries.