Impact Of Technology On The Music Industry - 1933 Words

Over the years, music has become portable, starting with the transistor to a set of headphones. Technology has allowed us to create a diverse musical culture. Music will always have an effect on one’s culture, and it has definitely mad a huge impact on the use of technology. Cultural diversity is about bringing people closer together though the World Wide Web. Many music publishers are the key to cultural diversity when it comes to publishing all genres. They will increasingly continue to play a part in promoting diversity by bringing music of all kinds and forms to the music market. The way we access and listen to music has changed a lot in the music industry. For some, it may seem easier to download your favorite song from your favorite artist, but there are rules to the file-sharing and downloading of music. Before there was file-sharing, people would gather in concert halls for impressive music from some of the best known composers of all time. Today, there has been an ab undance of ways to access and listen to music, in writing this paper, my goal is to discuss copyright laws, file-sharing, and the progression of how we access music. Before we reached the electronic musical era, there was good old fashion concert halls. People would gather together in the concert halls to see many different composers perform, all from which were in different eras; the Baroque, Classical, and Romantic era. By the year 1877, Thomas Edison had discovered how to record and reproduce soundShow MoreRelatedTechnology And Its Impact On The Music Industry Essay2573 Words   |  11 Pages Technology and Its Impact on the Music Industry Name College Technology and its Impact on the Music Industry Introduction The creation of musical works has always been culminated by several different processes and usually involves many people. The process takes a lot of time delaying the release of music. Advancement in technology has played a significant role in the music production by lowering the length of time it takes to produce recorded material. Artists usually sign a contractRead MoreThe Impact Of Technology On The Music Industry Essay2587 Words   |  11 PagesTechnology: The Significant Impacts on the Music Industry It’s intriguing how the music industry has significantly changed throughout the years due to the constant increase of technology. There are many different reasons to show how technology has made a huge impact whether positive or negative on this phenomenal industry. Music cultivates so much meaning to the world, and speaks volumes on the behalf of individuals when they don’t know what to physically say. That being said, whether it’s listeningRead MoreThe Impact Of Technology On The Music Industry1845 Words   |  8 Pagestoday’s music is trash. It’s repetitive and oversimplified, and all because of this new music technology constantly being developed. A listener rarely hears a piece of music that has not been touched by technology, but this isn’t necessarily a bad thing. These people fail to realize that the theory of music technology has been around since the 1700’s when Mozart invented a game using a die to compose music by chance ( Baggi). It is also important to realize the true of meaning of technology to societyRead MoreThe Impact Of Technology On The Music Industry Essay1310 Words   |  6 PagesTechnology has brought many advantageous opportunities to the music industry in the area of production and distribution. Besides popular and valuable instruments such as the electric guitar and the synthesizer, technology has brought us new production equipment such as high-fidelity microphones, re-mastering equipment and CD-ROMs that provide us with a crystal-clear sound of the recording. The development of these equipment has allowed the audience to experience a higher quality of sound coming fromRead MoreImpact Of Technology On The Music Industry1414 Words   |  6 PagesDevelopments within the music industry are seemingly frequent and numerous due to diversity and the various issues faced. For a sector that consistently adapts to demand, it was logical to decipher a development which not only alters significa nt factors within the industry, but also a development which endures (and even encourages) smaller advancements. The increase in readily available technology has had a significant effect on the music industry. Unlike other developments, advancing technology is constantRead MoreImpact Of Technology On The Music Industry Essay1139 Words   |  5 PagesCreating music has likewise turned out to be more open and more moderate with a few specialists recording work in their home, or enlisting out a recording studio for a day. Luke Henderson of Fluke Productions, a recording studio in London perceives that contrasted and a quarter century, it is much simpler for craftsmen to kick begin their profession. When a track is transferred to the web it can be gotten to by individuals over the world on the off chance that they know where to look. The music businessRead MoreThe Impacts of Technology on Music Recording Industry and Society1751 Words   |  8 PagesThe Impacts of Technology on Music Recording Industry and Society TV has restored the daily life of family, Photography has altered the way we look at the world, the computer has changed everything.† (Mark Katz, 2010) It is true the computer has converted everything into digital. Digital technology has also changed the ways of sound and voice recording. It has gradually led to the changes not only in the production of sound but also in the views of societyRead MoreThe Impact of Technology on the Music Industry: a Study Into How Organisations Adapt in a Rapidly Evolving Business Environment7559 Words   |  31 PagesThe impact of technology on the music industry: A study into how organisations adapt in a rapidly evolving business environment Profile - Sam Ford from UK Indie band One Night Only. The Group have recorded a top 10 hit on the Top 40 UK Singles Chart in 2008 from their debut album â€Å"Started a Fire†. From your debut album Started a Fire, you had a top 10 hit with â€Å"Just For Tonight†. What did it take you to get to the point? How did you market and promote your band to get to this point, did itRead MoreThe Effect Of Digital Technology On The Music Industry1442 Words   |  6 Pagesï » ¿ The effect of digital technology on the music industry Nowadays, teenagers are living constantly surrounded by technology. Even if the younger generation may not see it, technology has had an impact on different factors. The widespread use of digital technology in the music industry has allowed consumers to reproduce digital versions of copyrighted songs inexpensively, with the help of many software and websites. There has been an increase in digital copying activities and those are most ofRead MoreBenefits And Benefits Of The Performance1749 Words   |  7 PagesMichael Jackson could rake in half a billion dollars† (Sherwell, 2014). With such profit potential, it is likely that the popularity of holograms will increase among event organisers. Arguably, technology does increase the ease of making a profit in some aspects. A current issue within the industry stems from ticket resale websites. In the circumstances of popular artists, tickets can sell out in minutes only to be resold for dramatically increased prices. â€Å"Tickets for Brand New’s June tour sold

A Financial Ratio Quarterly Trend Analysis of - 2421 Words

Table of Contents Section A 1 Financial Ratios 1 Liquidity 3 Assets Ratio 5 Profitability Ratios 5 Debt Ratios 6 Market Ratios 6 Section B 7 Quarterly Financial Analysis 7 Liquidity 7 Assets Utilization 8 Profitability 8. Debt Analysis 8 Market Position 8 Section C 9 Abercrombie Fitch and Clothing Industry 10 Section D 10 SWOT Analysis 10 Strengths 10 Weaknesses 10 Opportunities 10 Threats 11 Section E 12 Ethics and Corporate Governance 12 Section F 13 Conclusions and Decisions 13 Appendix A 14 Industry vs. Abercrombie and Fitch 15 References 16 Financial Ratio Abercrombie Fitch Co. (AF) through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations selling†¦show more content†¦Also impacting the company’s profitability were unplanned markdowns on unsold spring product. Since the current ratio of the firm is greater than 1 it shows that the company has the ability to meet its financial obligations Asset Utilization Based on the 4 quarters listed above, the financial trend is wavering at best. Indicated in the first quarter reasonable increase in supply and demand by the price index ratio, but then takes a dip in the 2nd quarter, to then again increase in 3rd quarter more than the first and then later drop in the 4th. The progression suggests that this business may be subject to seasonal profits or tracking, but does not take away from the economic climate currently at hand. This is based on a composite of the accounts receivables and credit sales respectively. Profitability In evaluating the profitability Abercrombie and Fitch gross profit margins is high which it appears that customers are willing to pay for a company s product, over and above the company s cost for that product. It is logical that teens because of popularity of Abercrombie Fitch among their age group would pay high end prices. When evaluating the net profit margin one can assume that the reason that in the first quarter and forth quarter the net profit margin ratio is in the negative is due to the fact due to the high operating expense. Debt Utilization Debt/EquityShow MoreRelatedA Financial Ratio Quarterly Trend Analysis of Exxon2489 Words   |  10 PagesA Financial Ratio Quarterly Trend Analysis of: Exxon Mobil Corporation Stock Symbol: XOM Listed on New York Stock Exchange Prepared for: Dr. Edward Lawrence Department of Finance and Real Estate Florida International University In partial fulfillment of the requirements of Course: FIN 6406 By: Nicole Suarez Panther ID # 1101809 1.0 Introduction ExxonMobil Corporation and its affiliated companies operate in the United States and most other countries. 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Caterpillar Financial Services is a subsidiary company that offers financing options to their customers. I currently work of a construction company and I specialize in the accounting management of the company’sRead MoreFinancial Ratio Analysis in a Company859 Words   |  3 Pagesto Olowe (1997), Financial Ratio Analysis is the relationship between the performance of a company and the monetary data in the financial statements to assist the economic conditions. Financial ratio was defined by Robert (1994) as two financial variables being used that have been taken from either the income statement or from the balance sheet. Ratio analysis is a tool that is brought in by individuals to perform an evaluative analysis of information in the company’s financial statements. It isRead MoreCommercial Enterprises : The Business Of Making Money974 Words   |  4 Pagesgenerate revenue, they all share a need to accurately reflect their financial situation. 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Marketing Development Of Strategies And Plans †Free Samples

Question: Discuss about the Marketing Development Of Strategies And Plans. Answer: Impact of the marketing forces Marketingis a vast concept, which includes the transactions between the buyers and sellers. Both the buyers and sellers need to maintain appropriate approach towards each other for satisfying the identified goals and objectives. Consideration of the marketing legislations helps the buyers and the sellers to conduct themarketing activities in an efficient and effective manner. Typical examples in this direction are Consumer Protection Act, competitive policies among others (Armstrong et al. 2015). The first step of marketing is the development of strategies and plans. These strategies help the marketers to expose appropriate approach towards the buyers. On the contrary, this strategic vision helps the buyers to exercise their purchasing power for purchasing quality and branded products. The sellers need to provide the customers with enough opportunity to exercise their purchasing power. This is in terms of assessing their mentality towards the steps undertaken by the sellers. For this, the sellers need to possess enough financial flexibility in terms of aligning with the altering needs and preferences of the customers (Menon et al. 2015). There are certain market forces, which act as an obstacle in the attempt of the sellers in terms of reaching to the customers. Herein lays the appropriateness of the Porters Five Forces. These forces are- bargaining power of the suppliers, bargaining power of the customers, threat of substitutes, threat of new entrants and competitive rivalry. Out of these forces, three main forces are threat of substitutes, threat of new entrants and competitive rivalry, which adversely affect the efficient execution of the marketing activities. Threat of substitutes reflects the gradual emergence of the startup companies in terms of expanding the scope and arena of their business (Wagner and Eggert 2016). On the other hand, this threat acts as a compromise with the needs and demands of the customers in terms of possessing quality products. Ignorant attitude of the company and organizational personnel would add vulnerability in the market position. For averting these instances, the personnel need to put on their thinking caps for coming out with something innovative. However, in order to bring innovation the personnel need to expose a conscious approach towards the maintenance of the originality. This consciousness would prove beneficial for the personnel in terms of encountering the advent of change in the threshold of the workplace (Leonidou et al. 2017). Threat of new entrants reflects the experimentation of the startup brands in terms of achieving a better placement in the market. This experimentation is a matter of serious concern for the already established brands. Herein lays the importance of the competitive policies, which helps the personnel to indulge into fair trades and transactions with the contemporary brands. Adherence to the standards of these policies helps the buyers to avert the instances of illegal scandals. Non-compliance with the standards of the competitive policies compels the personnel to encounter instances of inflation, fluctuation in the prices of the raw materials and the other financial flexibilities (Hollensen 2015). On the other hand, the new entrants in the market possess high chances of being adulterated, which is interplay with the needs, demands and requirements of the customers. As a matter of specification, negligent attitude towards this direction is a compromise with the health needs of the customers. For averting this kind of instances, the personnel need to hire skilled, efficient and qualified experts for testing the quality of the products. Supervision of the qualification of the experts is crucial in terms of averting the adopting wrong means for degrading the original quality of the products (Grabara 2013). Competitive rivalry is the major force, which contradicts the aspect of fulfilling the specific tastes and demands of the customers. The term rivalry can be related with the aspect of the personnel to blindly run in the rat race to grabbing the hot seat. Application of rational thinking in this mentality helps the personnel to stand out of the madding crowd in terms of the achieving customer satisfaction. For this, the experts need to practice creative thinking for overpowering the contemporary brands. Herein lays the importance of training, which would enhance the skills, expertise and knowledge of the employees for carrying out the basic marketing activities in an efficient and effective manner (Baker 2014). Effective utilization of the gained training would help the employees to exercise their creative thinking. Evaluation is one of the basic recommendations in terms of mitigating the intensity of the market forces. This is because evaluation would make the personnel aware of the major drawbacks within the business activities. Maintenance of consistency in the execution of evaluation would alter the perspective of the personnel towards marketing. This consistency, in turn, would add value to the personnels individual attempt towards execution of the allocated duties and responsibility in an efficient and effective manner (Antoncic et al. 2016). A deeper insight into brands and products There are variations in the products and services. The ways in which these products are manufactured reflect the type and extent of the customer satisfaction, which the companies and organizations would achieve. Exposure of rational approach helps the marketers to identify the appropriate target market. This identification is an agent in terms of upgrading the standards and quality of the product. The approach towards upgradation becomes the identification of the brand. The techniques for this upgradation help the customers to identify the brand and exercise their purchasing and affordability power. In view of these aspects, products are the stepping-stones towards formation of the brands (Charter 2017). Rationality and creativity are the two important aspects in the process of identifying the target market. This is because of the components involved in market segmentation. As a matter of specification, the personnel need to consider the geographical, behavioral, psychological aspects before setting the target on a particular market segment. Along with this, there are also age specifications, which the personnel need to consider for expanding the scope and arena of their business through the sale of the manufactured products. Segmentation of the customers narrows down the vision and focus of the customers (Mason, Chakrabarti and Singh 2013). This narrowing down can be related to the short term goals, which the personnel need to set for systematizing their business activities according to their priority. For example, if a supermarket need to carry out target segmentation for the newly launched perfume, they need to conduct marketing mix. This would help them to make estimates regarding the approaches of the customers. Classification of the customers regarding the performing would be the gradual progression of the personnel towards the identification of the targets. Advertising can also be one of the efficient means for placing the brand in the market (Sheth and Sisodia 2015). However, for advertising, the personnel need to ensure that the individual sentiments of the customers are preserved. Adherence and compliance to the marketing legislations would be an effective means in terms of advertising the products in a legal manner. Herein, social media is a fruitful option in terms of the advertising the products to the audience. This is because uploading the images of the newly manufactured products on the official website and the social networking sites would help the personnel to reach to a large number of customers. Within this, keeping the provision of customer generated contents would enhance the clarity of the personnel regarding the customer approaches towards the levied products. Typical examples in this direction can be selfies with the purchased products. However, the personnel need to maintain rationality in these activities for achievi ng loyalty, trust and dependence from the customers (Foxall 2014). On the contrary, if the marketing personnel misutilize the offered position, they would be compelled to encounter instances like customer turnovers, which would be an utter loss in the competitive ambience. Turning the attention towards the products, the personnel need to ensure the durability of the products. Consciousness towards the maintenance of originality reflects a long shelf life of the products. On the other hand, if continuous experiments are conducted on the products, its originality is lost, which destroys the passion of the customers to possess quality and branded products. Herein lays the appropriateness of marketing mix, which enables the marketing personnel to experiment with the newly launched products (Mason, Chakrabarti and Singh 2013). Herein lays the appropriateness of the aspect of age, which reflects the maintenance of pace by the author with the requirements of the assignment. The same needs to be the functionalities of the marketing personnel while experimenting with the products. As a matter of specification, the personnel need to bear in mind the needs, demands and requirements of the customers within the production process. Conduction of evaluation would help the personnel in this direction in terms of ensuring whether they are progressing on the right track. Consistency in the evaluation would help the personnel to upgrade the standard and quality of the products, which would create a firm and stable identity of the brand. Moreover, the attempts of the personnel need to be coming up with something innovative for achieving large-scale customer satisfaction (Sheth and Sisodia 2015). Communication is one of an efficient solution for the issues, which the personnel encounters while selling their products to the customers. Most of the transactions include verbal communication. However, written communication would act as a proof for the personnel in terms of safeguarding themselves from the unwanted illegal courtly instances (Foxall 2014). References Antoncic, B., Auer Antoncic, J. and Aaltonen, H.M., 2016. Marketing self-efficacy and firm creation.Journal of Small Business and Enterprise Development,23(1), pp.90-104. Armstrong, G., Kotler, P., Harker, M. and Brennan, R., 2015.Marketing: an introduction. Pearson Education. Baker, M.J., 2014.Marketing strategy and management. Palgrave Macmillan. Charter, M. ed., 2017.Greener marketing: A responsible approach to business. Routledge. Foxall, G., 2014.Strategic Marketing Management (RLE Marketing)(Vol. 3). Routledge. Grabara, J., 2013. Employers expectations towards the employees from the marketing and management department.Polish Journal of Management Studies,7, pp.58-70. Hollensen, S., 2015.Marketing management: A relationship approach. Pearson Education. Leonidou, L.C., Katsikeas, C.S., Samiee, S. and Aykol, B. eds., 2017.Advances in Global Marketing: A Research Anthology. Springer. Mason, K., Chakrabarti, R. and Singh, R., 2013. Markets and marketing at the bottom of the pyramid.Marketing Theory,13(3), pp.405-407. Menon, A., Bharadwaj, S.G., Adidam, P.T. and Edison, S.W., 2015. Effective Marketing Strategy-Making: Antecedents and Consequences. InProceedings of the 1997 Academy of Marketing Science (AMS) Annual Conference(pp. 224-224). Springer, Cham. Sheth, J.N. and Sisodia, R.S., 2015.Does marketing need reform?: Fresh perspectives on the future. Routledge. Wagner, S.M. and Eggert, A., 2016. Co-management of purchasing and marketing: Why, when and how?.Industrial Marketing Management,52, pp.27-36.