`` Wicked Games `` By Abel Tesfaye - 1566 Words

In the current era of popular music in America, childhood starlets often experience a shift or change in the genre and lyrical contents of the music they produce once they reach adulthood. While childhood stars such as Miley Cyrus and Britney Spears transformed their images towards more sexually and culturally liberal ones, African American artists, on the other hand, have to contend with toning down their music explicitly to appeal more towards white America. This essay will focus entirely on the Ethiopian artist Abel Tesfaye (also known by his stage-name â€Å"The Weeknd†) and the evolution his music endured as it struggled to appeal more towards white mainstream America. Tesfaye’s departure from his drug/sex ridden references in his previous works in order to dilute his music to appeal to a wider more age friendly audience resulted in the loss of his cultural and social background, as his identity shifted to match his new pop persona. In one of Tesfaye’s earl y songs, titled â€Å"Wicked Games,† he describes a drug and depression filled love story with heavy sexual undertones coupled with emotional scarring. He sings, â€Å"Bring your love, baby, I could bring my shame / Bring the drugs, baby, I could bring my pain / I got my heart right here / I got my scars right here† (The Weeknd 9-10). This song, along with a majority of his early mixtapes, encompasses the struggles he endured as an artist battling drug abuse and emotional trauma. He states in an interview, â€Å"I didn’t have a fatherShow MoreRelatedAnalysis Of The Song Wicked Games1697 Words   |  7 Pagesto them not having as many expectations or requirements to be able to join it as women do. Since men are dominating the industry, it is more common to hear about their masculine identity and experiences throughout their songs. I chose the song Wicked Games by The Weeknd, which was released in 2012 through his first album, Trilogy. I thought it would be inte resting to analyze a song that he wrote and produced before he became truly famous. It is common for artists to change the way they portray

A Brief Note On The Crimes Of The Past - 1706 Words

Atoning for the crimes of the past Social culture, from what we know, has an impact on the way people view the world around us, and one of the most influential we see currently is the media. As kids grow up and develop, they are exposed to a lot of media from Nickelodeon to Cartoon Network, to one of the most impactful, Disney Channel. When it comes to the media we know that over the course of time things can be skewed to look a certain way and they typically may have subliminal messages. So what message are we showing our children? When it comes to Disney and their iconic princesses, we know that they typically tend to all look the same in appearance. From Cinderella to Rapunzel, they all tend to have the same features. Straight, blonde hair and pale skin. Some concerns came with this as people started to notice these main features when it came to the disney princesses. This led to Disney including a new princess, the famous Tiana, first of her kind. However, this still begs the question as to whether or not the ne w African American Disney princess repairs the damage done by Disney over the course of time in regard to the perpetuation of racial stereotypes? Although creating Tiana is a positive step towards improvement, her creation still fails to repair the damage fostered by the perpetual stereotypes. When it comes to television, at least in the eyes of animation, different types of cartoons are being broadcasted in front of children. Growing up as a child on aShow MoreRelatedTelevision Viewing And Protective Action Against Crime1639 Words   |  7 PagesNabi, R. L, Sullivan, J. L. (2001, December). Does Television Viewing Relate to Engagement in Protective Action Against Crime?: A Cultivation Analysis From a Theory of Reasoned Action Perspective. Communication Research, (28), 802nd ser. Doi:10.1177/009365001028006004 2. This Study is for my Dependent Variables 3. Statement of Study s Purpose and Brief Overview of Literature Review Nabi and Sullivan used the cultivation theory as the base of their study. (2001)Within the study, they also usedRead MoreThe Impact of Gender and Family on Juvenile Delinquency in the United States888 Words   |  4 Pagescollecting juvenile crime data. Juvenile arrests accounted for 16 percent of all violent crime arrests (i.e. murder, rape, assault) and 26 percent of all property crime arrests (i.e. burglary, theft, arson) (Puzzanchera, 2009). Other crimes for which juveniles are arrested include simple assault, vandalism, gambling, disorderly conduct, weapons possession, illicit drug/liquor violation (including DUI) and prostitution. It is important to note that a number of misdemeanor crimes go unreported whileRead MoreWhy should we let Congress take away our firearms? Is there some sort of amazing benefit to society600 Words   |  3 Pagesunless we place a ban on firearms? Just think about the results. There would be chaos throughout the entire nation, the crime rate would i ncrease dramatically, and society would be taking a turn for the worse. I believe that Congress and the United States government should keep away from issues dealing with firearms. Before I begin stating why these things would occur, let me give a brief history on gun control programs that date back to when crossbows were still a reliable weapon in warfare. In the yearRead MoreA Critical Analysis of the Death Penalty1646 Words   |  7 Pagesserve its intended purpose, proponents of the same are convinced that the relevance of the same cannot be overstated and hence it should not be abolished. In this text, I examine the arguments for and against the death penalty. The Death Penalty: A Brief Overview In basic terms, the death penalty according to Stearman is when the government takes a persons life as a punishment for wrongdoing (6). As the author further points out, the death penalty is regarded the most severe form of punishmentRead MoreCJUS 420 Discussion Board and topic research Instructions draft1403 Words   |  6 Pagesconcerning a crime, why the crime was committed, and the person(s) who committed the crime. In our criminal justice system a person can be brought to justice for a criminal act. First, and probably the least likely, the individual will be driven by his conscience to immediately confess. Second, an officer of the law can catch him in the act. Third, and most common, a criminal investigation can identify him as suspect, after which he may confess or be convicted by trial. In most cases, when a crime is committedRead MoreEyewitness Testimony And The American Psychological Association1580 Words   |  7 PagesFor centuries, even before the rise of modern law and judicial practices, eyewitness testimony has been a crucial part in reaching verdicts in court. The opinions and observations of bystanders or active participants in a crime scene are often considered to be very valuable in determining the guilt or innocence of accused individuals. However, there has been a large amount of scrutiny in the law world concerning both misappropriated and untrue testimonies administered in courts of law. Although theRead MoreCriminal Punishment And The Criminal Justice System1193 Words   |  5 Pagesmuch of the 20th century, criminal sentencing practices remained largely unchanged in the United States. Over the past few decades, we have witnessed a practical revolution in criminal punishment processes. A number of different sentencing reforms have been recently ex panded, resulting in a mix of different legal approaches to sentencing in the United States today. I will begin with a brief overview of sentencing philosophies, followed by modern sentencing innovations. Then, I will discuss research evidenceRead MoreThe Field Of Forensic Linguistics1570 Words   |  7 PagesThe following article takes a brief look at the field of Forensic Linguistics. In simple terms we could define forensic linguistics as a field that acts as an â€Å"interface† between language, the law and crime where the law includes a variety of judicial matters, legislation and law enforcement (Coulthard Johnson, 2010: 199). Therefore, a forensic linguist may note findings resulting from research conducted within a variety of disciplines including, for example, theory of grammar, discourse analysisRead MoreAnalysis Of The Book David Garland 1513 Words   |  7 Pagesclosed-circuit TV surveillance and a prison population whose growth rate, if not its actual number, is beginning to rival that of the US. Such a state of affairs, he notes, only 30 years ago would have seemed shocking, even to the best-informed and most up-to-date observer. Indeed, he insists, the trajectory of British and American crime control over the past three decades has been almost exactly the contrary of that which was anticipated as recently as 1970. The Culture of Control describes this trajectoryRead MoreModern Systemic Inequality1365 Words   |  6 Pagesfirst line indent and is double-spaced. APA style provides for up to five heading levels, shown in the paragraphs that follow. Note that the word Introduction should not be used as an initial heading, as it’s assumed that your paper begins with an introduction.] Poor, urban, black neighborhoods have suffered the effects of high unemployment, poor education, high crime rates, and rampant drug abuse for a long time. While a chunk of society is aware of the issues members of these communities face

Accounting Theory Developing Financial Reporting

Question: Describe about the Accounting Theory for Developing Financial Reporting. Answer: Introduction Accounting standards are important to develop a common accounting framework to be followed by the users of accounting system. There are different measurements of cost like historical cost, fair market value, current cost and net realizable value. These measurements of cost will be analyzed in detail through explain the usefulness of other cost measurement methods to historical method. Conceptual framework is most important part of the accounting and there are certain users whoa re benefited from this conceptual framework. Also there will be discussion on the financial reports and how it impacts the decision. Usefulness of Alternative Measurement Systems to Historical Cost Historical cost is the method used to measure the value and it is used in accounting to know the price of assets and liabilities. According to this method assets owned by the organization have to be recorded at original cost or nominal cost as and when acquired by the organization (Menicucci, 2014). There are mainly three alternatives to the measurement of values in accounting as against the historical cost. Fair Market Value Method: Fair market value concept is one the popular method to value the assets and liabilities and can be used easily as against the historical cost concept. According to fair market value method, value of assets refers to value on which assets and liabilities can be purchase and sell in the open market. Fair market value is truly based on the market price of assets whereas historical cost is based on the past transactions (Amount paid when assets are brought). It is more relevant to use the fair market when accounting for assets as it provides the current market information and also keep check on the impact on inflation of assets value through accounting them (Pratt, 2010). Investors and creditors are much benefited from the fair market value concept as assets are recorded at market value that provides clearer picture of performance of the organization. Hence, this method provides more transparency to the users of financial reports. Organization exposure to risk a nd inflation can be evaluated through applying the fair market value concept. There are some dissenters who argue that accounting information presented in the market value financial statements cant be trusted and are unreliable as it is not based on the arms length price. Due to this issue, there is huge exposure to manipulation of accounts by the management and such information cannot be used in financial decision (Pratt, 2010). Market value of assets and liabilities are generally based on the subjective estimates of the managers. Sometimes fair market value of assets cant be ascertained as it is not readily available in the market therefore for such assets historical approach or fair market estimation by the manager is followed. Fair market value method is more beneficial to the investors as only this method provide current and inflated price of assets (Pratt, 2010). So it can be said that this method is the best alternative to historical cost method. Net realizable value: It refers to the estimated selling price of the assets in the ordinary course of business less the cost incurred to make the sale. As against the cost measurement bases of assets (Historical cost and Current Cost), net realizable value means actual benefit derived from an asset. There are certain assets where fair estimation of cost or historical cost proves to be volatile and there is required to follow the concept of net realizable value (Stolowy Lebas, 2006). Net realizable means lower of fair value and recoverable cost. Net realizable value is only accepted in some cases because it is strictly opposed in some cases where acceptance of net realizable value is not possible. The general reason net realizable is rejected as it results in unrealistic low values of the productive assets like plant and equipments. Net realizable value differs from the fair market value by the amount of transaction cost reduced to arrive at net realizable value and also the extent of cost of completion that differs from the market value of assets (Stolowy Lebas, 2006). Therefore, it can be said that net realizable value concept can be more beneficial in few cases where historical and fair market value concepts are not useful. Current Cost - Reproduction Cost and Replacement Cost: Reproduction cost of assets refers to the economic cost that will incur if exiting asset is replaced with an identical one. Replacement cost refers to the economic current acquisition cost that will incur to replace the exiting asset with the asset of equivalent productivity capacity or service potential (Bonham, 2008). As defined reproduction cost differs from the historical cost as it puts concerns on the most recent economical cost of assets whereas historical cost takes only the cost incurred at time of acquisition. Replacement cost is more reliable and take all aspects of accounting while estimating the replacement value of assets. Replacement value is based on the productivity capacity or the service potential of an asset not on the cost incurred to replace the exiting asset with new one (Bonham, 2008). So, current cost concept can be used as against the historical cost and it is beneficial in various situations as per the need of the organization to present the financial reports. Potential Beneficiaries from the Development of a Conceptual Framework Conceptual framework of accounting was set by the International Accounting board with mutual concern with other accounting boards. This framework sets out the concepts that define the preparation and presentation of financial statements for the external users. This framework is so designed that it mainly helps the readers and preparers of financial reports. The main purpose of common conceptual framework is to eliminate the various issues caused while preparing the financial reports as there are many differences in presentation of financial reports at country level and at international level (Alexander Archer, 2008). Therefore, IAB has come in front to solve this issue through preparing the common framework to present the financial reports that help preparers to prepare only one financial report for the origin country as well as for international level. Investors who tend to invest in the multi national companies pursue difficulties in understanding the financial reports before such framework has been made due to difference in accounting standards and presentation style of statements (Greuning Koen, 2001). Conceptual framework assists the accounting standard board in promoting harmonization of regulations, accounting standards and procedures relating to the preparation and presentation of financial statements through providing the basis in reduction of number of alternative accounting treatments followed by Accounting Boards (Weygandt, Kieso, Kimmel, 2010). This common conceptual framework helps auditors to provide their opinion on the true and fair picture of the financial statements in easier way. Through issue of common accounting standards to followed by the all accounting boards it is possible for auditors to expertise their knowledge in their interest field and get a chance to use such knowledge national as well as international level. There are certain users of the financial reports and they require having a common platform through which such financial reports can be reviewed and common opinion can be made. It is only possible through producing such a contrast yet common accounting framework at international level. This conceptual framework consists of guidelines and principles that have to be followed while framing the accounting standards (Greuning Koen, 2001). The IFRS framework defined by the IAB serves as the guiding principle to the accounting board in developing the future IFRSs and to solve the accounting issues that does not confirms with the new International Accounting Standards. Investors need to know the risk associated with their investment in various organizations and how much return they can earn through such investment. The only way to determine the risk and return associated with the investment is to analysis the financial statements, but lack of common financial statements it is not possible to evaluate the company performance with ease. Investors need financial information that guides them whether they should buy, hold or sell. Also, investors are eager to know the capacity of the organization to distribute the dividends and how much (Alexander Archer, 2008). The general purpose financial report does not provide all information therefore IFRS Framework has been framed to avoid such problems faced by the investors. The IFRS has noted that parties like prudential and market regulators find general purpose financial statements useful. On the other hand Board considered that objectives of financial reporting and general purpose financial statements are not consistent and it requires developing a common framework that governs all the accounting standards followed while preparing the financial statements (Macve, 2015). To the contrary, persons associated in preparing the financial reports complain on the requirement to prepare two different financial reports, one as per home country Accounting Board and other according to International Accounting Board. There are certain differences between IFRS and other followed Accounting Standards. Among such differences there are some issues that significantly violate the requirements at international level (Macve, 2015). All such issues have been proposed in the conceptual framework and necessary steps have been taken to overcome such issues. Conceptual framework proposes the common principles and guidelines that need to be take care of while framing the accounting standards. After such changes, it has been noticed that mostly countries have same accounting standards as given by IAB. Accountants find it easy to learn these common accounting standards and apply while preparing the financial statements (Weygandt, Kieso, Kimmel, 2010). So, it can be conclude that conceptual framework helps certain people through solving their common issues but it is true that investors and accountants are much benefited from preparation common conceptual framework. Decision Usefulness and / or Stewardship as objectives of financial reporting Decision usefulness: It refers to the method or approach used while making the financial statements and it lays emphasis on the theory of investors decision making as to infer the type and nature of information required by the investors (Kieso, Weygandt Warfield, 2010). This theory refers to the single person decision theory. The single person decision theory provides how the rational individual makes optimal decisions while having the uncertainty. This theory requires the decision maker to have set of acts from which one have to select on the basis bayes theory model. The optimal decision refers to the decision that increases the decision maker expected utility that is based on the probabilities of the states of nature. There are pre and post probabilities of states of nature that decision maker conceive while making the final decision and these probabilities are tested using the bayes theorem. Information system has wide role in decision making process as all major decisions are t aken through incorporating financial information generated by the information system (Staubus, 2013). Stewardship function of financial reporting: Stewardship is the wide concept and it is widely accepted all over the world. Basically Stewardship is taken from the word Steward. It means person who undertakes responsibility to manage the affairs of an estate hold by his employer, one who mange the financial affairs of others property and one who is appointed on the behalf of anther to take care of. IASB framework has discussed the stewardship or accountability in its Para 14. It clearly says that financial statements must show the results derived from accountability/stewardship of management (Alexander Jorissen, 2007). Owners of the organization has the right to check on the accountability of management in order to help investors to economic decision on whether to buy, sell or hold their investment. Basically stewardship function of financial reporting is linked to the agency theory as owners assign the stewardship of the company to the responsible management. They want from manageme nt to fulfill the owners objective, apply strategies to make proper use of resources and to check the misappropriation of the company assets. Stewardship is most important in the financial reporting as it considers the relation of agent-principal and tend to benefit both parties (Britton Alexander, 2004). According to stewardship function management has to report credibly to the owners of the company and must be held responsible of every wrong decision taken against the welfare of company. Stewardship is not limited to the value of assets and liabilities but it focuses on whole business model. Stewardship lays emphasis on the long term considerations, value of reporting the past transactions and events, and completeness, reliability and transparency of reporting. Stewardship can be use interchangeable with the accountability as both means acting for welfare of owners. However accountability can be used in wide context as compare to stewardship and in modern period stewardship seems to be replaced by the accountability. Among stewardship and decision usefulness functions, stewardship has been accepted as the main objective of general purpose financial accounting. Stewardship function set vast and clearer picture of reliability, completeness and transparency of financial reports to their owners. IASB has mentioned that stewardship / accountability it is most important objective of financial reporting and it is considered as separate objective of financial reporting (Alexander Jorissen, 2007). Stewardship / accountability is related with the agency theory and it has broader view than resource allocation because it focus on both past performance of the organization and how organization will perform in future (Britton Alexander, 2004). Conclusion Financial reporting is the most important part of management function and there need to consider its important aspects to have proper financial reporting. Conceptual framework plays a significant role in financial reporting and it benefits people at large mainly investors and preparers of financial reports. References Alexander, D. Jorissen, A. (2007). International Financial Reporting and Analysis. Cengage Learning EMEA. Alexander, D., Archer, S. (2008). International Accounting/Financial Reporting Standards Guide. CCH. Bonham, M. (2008). International GAAP 2008: generally accepted accounting practice under international financial reporting standards. Wiley. Britton, A. Alexander, D. (2004). Financial Reporting. Cengage Learning EMEA. Greuning, H. Koen, M. (2001). International Accounting Standards: A Practical Guide Other World Bank Bks. World Bank Publications. Kieso, D., Weygandt, J. Warfield, T. (2010). Intermediate Accounting: IFRS Edition. John Wiley Sons. Macve, R. (2015). A Conceptual Framework for Financial Accounting and Reporting. Routledge. Menicucci, E. (2014). Fair Value Accounting: Key Issues Arising from the Financial Crisis. Springer. Pratt, J. (2010). Financial Accounting in an Economic Context. John Wiley Sons. Staubus, G.J. (2013). The Decision Usefulness Theory of Accounting: A Limited History. Routledge. Stolowy, H. Lebas, M. (2006). Financial Accounting and Reporting: A Global Perspective. Cengage Learning EMEA. Weygandt, J.J., Kieso, D.E. Kimmel, P.D. (2010). Financial Accounting: IFRS. John Wiley Sons.

Strategic Leadership in Action

Summary of the Article The title of the article under discussion in this paper is ‘Google building android game console’. The article is authored by Amir Efrati and Ian Sherr and published in the wall street journal. The article is about Google’s competitive strategy in the information and communication technology industry. The company plans to introduce two new products (wristwatch and video game console) to the market.Advertising We will write a custom essay sample on Strategic Leadership in Action specifically for you for only $16.05 $11/page Learn More These products will be powered by Google’s android software launched in 2008 and will aim at combating Apple’s future devices and give the company (Google) a competitive edge. The two devices will also aim at expanding the usage of the android software beyond tablets and smart phones. Apart from the two devices, Google also plans to launch a second version of android c alled Nexus Q, which is used for live streaming of information. Statement of the intentions of the paper The paper intends to identify and elaborate some aspects of competitiveness which the authors did not address in the article. The only aspect of competitiveness addressed by the authors in the article is rivalry among existing competitors. However, they have not addressed bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitute products and services, product positioning and differentiation. Threat of new entrants In order to gain a portion of a market and build trust with the customers, new entrants usually come with unique approaches in any given industry. In most cases, they use pricing as a strategy of entering the markets. They do this by setting the prices of their products at low levels than those of the incumbents. Others may focus on improving the quality of their products so as to attract customers (Hill and Gareth 3). The r eduction of price and quality improvement makes the industry very competitive for the incumbents and sometimes they may be forced to quit the industry especially if the new entrants posses huge capital. In a reaction to price reduction and quality improvement, the incumbents may come up with strategies of putting barriers aimed at preventing new entrants from entering the industry. For example, they may adopt very sophisticated technologies which are not easily available. They may also consider putting barriers to the access of the distribution channels so that new entrants may be scared away by the restricted access to supply channels (Hill and Gareth 3). Another reaction by the incumbents is what is referred to as ‘supply-side economies of scale’ which enables the incumbents to produce large quantities of goods at relatively low costs per unit. Supply side economies of scale also cushion the incumbents from the threat of lowered prices by the new entrants. It also dis courages new entrants especially those who are not able to use price reduction as a strategy to penetrate the market and dislodge the incumbents (Hill and Gareth 3).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Bargaining power of suppliers In some industries, there are monopolies in terms of supply of goods or services. In such industries, the powerful suppliers are able to manipulate the prices of goods or services the way they want. A supplier is regarded as powerful if for instance, he or she does not depend on a particular industry for revenues and therefore, he or she can do without that particular industry. A powerful supplier is also one who supplies goods and services which are unique or one who has established a long term business relationship with certain companies. Powerful suppliers are also those who supply goods and services which cannot be substituted. A good example is p ilots and the aviation industry. This is because it is not easy to get well trained and qualified pilots within a short notice and therefore, the pilots’ unions may have a big bargaining power (Hill and Gareth 4). Another example is the Microsoft computer giant. It can decide to increase the price of operating systems. When this happens, the other computer dealers have no option other than cutting of their profits. In some cases, some powerful suppliers can also threaten to enter the markets themselves if the customers are not willing to purchase the goods at their desired prices. Companies may overcome this by having large capital base so that they can become suppliers themselves (Hill and Gareth 4). Bargaining power of buyers In some industries, there may be few but large buyers who purchase certain goods or services in bulk. Such buyers usually have a bargaining power to lower the price of goods or services in question because if the suppliers do not comply, they end up wi th minimal sales and profits. Buyers usually have power when the cost of switching suppliers is low and when the products in question are undifferentiated or are standardized. The bargaining power of buyers can affect the profitability of an industry because they may lower buying prices and then lower their selling prices. When this happens, the people who suffer are the other small dealers in the industry and the suppliers. Buyers can increase their competitive strategy by teaming up and setting the buying price of the products at a certain level. This can cushion them from unscrupulous suppliers and new entrants (Hill and Gareth 5). Threat of substitute products or services A substitute is a product which plays similar function as the original product. Examples of substitutes include the electronic mail as a substitute for sending letters by mail, video conferencing as a substitute of actual conferences and the use of plastics instead of aluminum products. Substitutes usually act as a threat to some industries, especially when they are priced in a friendly manner than the original products and when the cost of switching vendors is relatively low. Companies can guard themselves from the threat of substitutes by differentiation of their products and by teaming up to influence government policy on the introduction of substitute goods in the market (Hill and Gareth 6).Advertising We will write a custom essay sample on Strategic Leadership in Action specifically for you for only $16.05 $11/page Learn More Differentiation and Positioning In marketing, differentiation can be defined as the process of distinguishing a product or service from the rest through describing the major differences between the product or service and other products or services. As mentioned earlier, differentiation is one of the aspects of competitiveness done with a view of creating a market niche for a particular product or service. Differentiation seeks to cr eate a positive image of a particular product among the targeted consumers so as to ensure that they perceive it as unique and different from other similar products (Armstrong and Kotler 26). Product differentiation prevents the targeted consumers from comparing a particular product with others thus giving that particular product a competitive advantage over the others. When doing differentiation, the marketing departments of companies mainly use advertisement, promotions, improved product quality, lowering or increasing the prices of products and ignorance of the consumers regarding the price and quality of the product being differentiated (Armstrong and Kotler 26). Some companies may differentiate several products at the same time with the aim of acquiring a certain number of customers for the differentiated products or services; a concept called positioning. Positioning entails the use of various strategies like promotion, distribution of products or services and production of un ique products with unique pricing to build an identity of a particular company or organization in the minds of particular consumers. Through positioning, companies are able to stabilize and retain the positions of differentiated products thus retaining the competitive advantage of the company in regard to those products. In order for a company to create and maintain a particular position in a market, it needs to do a thorough research and be consistent in monitoring of market trends so as to modify or readjust the differentiation and positioning strategies for its respective products. Conclusion From the above discussion, it has emerged that competitiveness is a multidimensional concept. Many companies usually focus on their rivalry with existing competitors in designing their competitive strategies. This is the case with Google Inc. as featured in the article ‘Google Building Android Game Console’ by Amir Efrati and Ian Sherr and published in the wall street journal. H owever, there are other aspects of competitiveness which can enhance a company’s position in a certain industry. These include bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitute products and services, product positioning and differentiation. When all these aspects of competitiveness are taken into consideration, companies are able to enhance their competitiveness in their respective industries.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Works Cited Armstrong, Gary, and K. Philiph. Marketing. An Introduction, Prentice Hall: Pearson Education Company, 2009.Print. Hill, Charles, and J. Gareth. Strategic management: an integrated approach. Boston: Enfield Publishers, 2007.Print. This essay on Strategic Leadership in Action was written and submitted by user Albert Coffey 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.