Marketing Strategy Victoria Secret Essay

Victoria’s Secret was begun in San Francisco, California, in 1977 by Roy Raymond who was Business former student of Tufts University and Stanford Graduate School. He felt humiliated attempting to buy underwear for his better half in a retail chain condition. He opened the main store at Stanford Shopping Center in Palo Alto, and immediately tailed it with a mail-request list and three different stores. With this store he trusted that it could make an agreeable situation for men, with wood-framed dividers, Victorian subtleties and accommodating deals staff. Rather than racks of bras and undies in each size, there were single styles, combined together and mounted on the divider in outlines. Men could peruse for styles for ladies and deals staff would help gauge the proper size, pulling from stock in the reserved alcoves. In 1982, following five years of activity, Roy Raymond sold the Victoria’s Secret Company, with its six stores and 42-page index, netting $6 million every year, to Leslie Wexner, maker of The Limited, for $4 million. The Limited kept the customized picture of Victoria’s Secret flawless. Victoria’s Secret was quickly ventured into the U. S. shopping centers all through the 1980s. The organization had the option to distribute an extended scope of items, for example, shoes, evening wear, and fragrances, with its mail inventory gave multiple times yearly. By the mid 1990s, Victoria’s Secret had become the biggest American undergarments retailer, beating one billion dollars. In any case, The Company picked up reputation in the mid 1990s after it started to useâ supermodelsâ in its promoting and style appears. All through the previous decade, it has turned down big name models and supports. Current business At present, Victoria’s Secret is the quickest developing auxiliary of Limited Brands and contributes 42% of corporate benefits. More than 1000 Victoria’s Secret retail locations are open in the United States. Items are additionally accessible through the list and online business, Victoria’s Secret Direct, with deals of around $6000 million out of 2010. Victoria’s Secret is known for its yearly style appear, the Victoria’s Secret Fashion Show, and for its inventories, the two of which highlight top design models. II †Executive rundown (NG? C) In 2012, Victoria Secret’s objectives are to increment 10% in income and 13% in piece of the pie. To accomplish those, the advertising plan will be partitioned into 4 quarters with an away from of work for every division. Each individuals in organization from the board to representatives will play out every strategic so as to accomplishes the best returns.

Psychotherapy via Bellow in Seize the Day Essay -- Seize the Day Essay

Psychotherapy by means of Bellow in Seize the Dayâ â â â   â â The closure of Seize the Day is amusing and uncovering about the subject of the whole novella.â When Tommy Wilhelm coincidentally goes to a memorial service for a more odd, he starts to wail wildly at seeing the obscure corpse.â It is his very own difficult token mortality and a purifying arrival of feeling he has been developing over the descending spiraling course of his life.â However, it is unexpected in light of the fact that Tommy is the just one at the burial service who is communicating such feeling and it causes others in participation to accept he more likely than not been extremely near the expired to be so devastated.â as such, nobody is sobbing for the dead man, not in any case Tommy, yet Tommy is weeping for himself.â This isn't just incongruity yet serves to underscore the whole topic of the novel-giggle and the world chuckles with you; cry and you cry alone.â Instead of holding onto the day and living in the present time and place, Tommy is torn by tension over the future and lament over the past.â Because of this, he accepts he needs some help, or break, or sympathy.â However, he comes to understand that, similar to the tears we regularly shed for ourselves, feel sorry for is frequently an individual exercise of self and occasional imminent from others.â He perceives this since he discovers that from the viewpoint of others, he is the just one to fault for his rehashed mix-ups and his rehashed failures.â As he muses at one moment that needing compassion, And why, Wilhelm further asked, should he or any other person feel sorry for me; or for what reason should I be felt sorry for sooner than another fellow?â It is my infantile psyche that thinks individuals are prepared to give it since you need it (Bellowâ 93).â Tommy sees himself as a disappointment since he has acknowledged... ...isis causes him to acknowledge the distresses that accompany being free and completely alive, and, as the novella closes, we can dare to dream from that second on Tommy will start to hold onto the day every day in the present as he endeavors to make a big deal about himself in the present time and place for the future, his own and others.â  WORKS CITED Roar, S.â Seize The Day.â (ninth printing).â New York, The Viking Press, 1968. Christy, M.â Bellow's pleasure in nonexistent states.â Boston Globe Online. http://www.boston.com/globe/search/stories/nobel/1989/1989e.html, Nov. 15, 1989:â 1-4. Stein, H. T. what's more, Edwards, M. E.â Classical Adlerian hypothesis and practice.â http://ourworld.compuserve.com/landing pages/hstein/theoprac.htm,â Aug. 21, 1998:â 1-19. Stevenson, D. B.â Freud's division of the psyche. http://landow.stg.brown.edu/HTatBrown/freud/Division_of_Mind.html, Oct. 4, 1999:â 1-2.

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Conditionality And The International Monetary Fund Mandate Finance Essay - Free Essay Example

Sample details Pages: 8 Words: 2302 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? In the primary Articles of the Agreement of the International Monetary Fund (IMF) which set up the Fund in July 1944 neither the term structural adjustment nor the term conditionality can be found[1]. Conditionality was explicitly incorporated into the IMF when the Articles of Agreement were amended in 1968[2]. Henceforward Article V Section 3 states that The Fund shall adopt policies on the use of its general resources, including policies on stand-by or similar arrangements, and may adopt special policies for special balance of payments problems, that will assist members to solve their balance of payments problemsÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦. Don’t waste time! Our writers will create an original "Conditionality And The International Monetary Fund Mandate Finance Essay" essay for you Create order However, even before conditionality was explicit in the IMF mandate the Fund used to practice a sort of conditionality from its beginning. For instance, after the IMF made its first loan to France in 1947, they refused another loan for France in 1948 because the Fund did not accept the French exchange rate policies[3]. But also in the early years conditionality was officially announced and Stand-by Arrangements were introduced by the Fund[4]. On February 13th 1952 the Executive Board decided that Fund resources should be used to help members provided the policies the members will pursue will be adequate to overcome the problem[5]. However, in the early years conditions were fewer in number and less detailed whereby this policy has come to be called macro-conditionality. Usually these conditions included cutting the government budget deficit, reducing the money supply and sometimes the devaluation of the national currency[6]. Although the Fund configured the essential policy, governme nts had a lot of room in how they could achieve the macro-economic targets of IMF arrangements[7]. The rationality of conditionality is to prevent the possibility of what economists call a moral hazard[8]. Moral hazard occurs when a party insulated from risk may behave differently than it would behave if it were fully exposed to the risk. Because IMF loans can be seen as a sort of insurance against the risk of a balance of payments crisis a moral hazard could occur when governments know that the insurance entity here the IMF will pay in any event, even if they operate an irresponsible economic policy. As in 1982 a deep financial crisis arose in Latin America due to excessive public sector borrowing the IMF was faced with considerable critics because countries of this region had participated in more IMF programmes than any other in the world[9]. The official IMF response was that not the general policy was wrong but that the programs had not gone deep enough. Thus, the IMF began to enforce more detailed policies which not only include fiscal and monetary targets, but also targets for international reserves, limitations of foreign debt, a prohibition against import restrictions, further provisions for trade liberalization, as well as conditions calling for privatization and deregulation of labour laws[10]. Therefore the Fund not only said that the balance has to be restored but moreover, how the government has to react specifically. This level of detail of IMF programme conditions is also called structural adjustment or micro-conditionality[11]. Polak (1991) analyses that the averag e number of conditions increased from below six in the late 1960s, to seven in the late 1970s to over nine in the late 1980s[12]. Then, as Bird reports, the average number of conditions per IMF arrangements increased to 9.9 in 1993, 10.5 in 1994, 11 in 1995, 13.0 in 1996 and 16 in 1997[13]. So over time, the policy conditions contained in IMF arrangements became much more specific[14]. But also the micro-conditional policy came under attack in the aftermath of the East Asian financial crisis which started in 1997 and attached nearly every county in this region[15]. Commentators pointed out that IMF conditionality had gone too far in the opposite direction of macro-conditionality and were too specific[16]. Interestingly the response of the Fund this time was a reversal of the trend backwards to a reduced conditionality again. The IMF uses the term ownership which means that participating countries should take more part in elaborating and implementing the conditions[17]. Despite the changes the IMF has made in defining conditionality since its beginning the basic approach to economic problems has not changed. The Fund still includes conditions which intend to lower the consumption of imported goods and thus, the arrangements require governments to reduce public spending, raise interest rates and taxes or devaluing the domestic currency in order to raise the prices of imports and make exports more competitive[18]. Therefore conditionality is still controversial and the question is if the IMF policy of conditionality needs further changes. To answer this question it is essential to examine what the effects of IMF conditionality are. From this result a conclusion may be drawn to what extent IMF policy should be modified. 2. Effects of IMF programmes There is a huge amount of data about the IMF programme since the 1950s. In total the official data from the Fund covers 199 countries for a total of 1,132 observations to date[19]. In theory there should be a clear picture about the effectiveness of IMF programmes, but despite the wealth of data researchers have found different results. The reason is mainly that different statistical approaches were used in the studies and their choice is often contended[20]. Nevertheless, there exist remarkable studies about the impact of IMF programmes on various parameters. Important indicators are balance of payments, inflation, budget deficits economic growth, income distribution and social spending. a. Effects on the balance of payments According to the Articles of Agreement one of the most important tasks of the IMF is it to help members solving problems in their balance of payments[21]. Deficits in the balance of payment arise when a country is taking in more imports or fixed assets or capital than it is generating through exports[22]. The IMF tries with its conditional loan to cut the domestic demand for imports and foreign finance in order to adjust the balance of payments through the mechanisms previously discussed. Pastor (1987) examined the impact of IMF programmes in Latin American countries in the period from 1965 to 1981[23]. He found a statistically significant positive effect of IMF conditional loans on the balance of payments. Killick et al. (1992) also noticed in their study about the participation of Latin American countries in IMF programmes a statistically significant positive impact on the balance of payments[24]. In an extensive study of 69 countries from 1973 to 1987 Gylfason (1987) also found a statistically significant positive effect of IMF programmes on the balance of payments[25]. Khan came to the same result in his study from 1990[26]and Conway (1994) in his paper which observed 74 countries from 1976 to 1986[27]. The only study which actually found a negative impact was conducted by IMF economists Goldstein and Montiel (1986)[28]. So the majority of studies using various methods and data have found that IMF programmes have a positive effect on the balance of payments. b. Effects on inflation and budget deficits According to the IMF, fiscal adjustment and stable prices are one of the core elements of macroeconomic design in IMF programmes[29]. Killick et al. (1992) as well as Conway have found that IMF programmes have a statistically significant positive effect on the budget deficit. Steinwand and Stone (2008) reviewed 22 studies on the relationship between inflation and IMF programmes[30]. However, his review does not provide a clear picture. Six studies found no effect, ten studies report that inflation decreases but without a statistically significant effect. Three studies in the review noticed a statistically significant negative effect, and three studies report that inflation increases, even if the effect is not statistically significant. The result implies that either IMF conditionality does not effectively address inflation or governments fail to comply with the conditions of the IMF. Also a combination of both options seems possible. c. Effects on economic growth Although economic growth is not explicit stated in the IMF Agreement[31]the IMF regards economic growth as a key goal of its policy[32]. The First Annual Meeting of the Board of Governors in 1946 already defined growth as a function of the fund when they declared that the Fund should aid members in maintaining arrangements that promote the balanced expansion of international trade and investment and this way contribute to the maintenance of high levels of employment and real income[33]. But there is only weak evidence that the IMF has been successful in promoting the growth of the participating country. A review on early studies about the impact of IMF programmes on economic growth was published by the IMF in 2001[34]. Out of nine studies from 1978 to 1995 covering different countries, regions, and programme-lengths, only one reported a significant positive effect. Four studies have found no effect; two reported a statistically insignificant effect and one reported an insignificant e ffect. Recent studies even show that IMF conditionality programmes have a significant negative effect on economic growth. This is result is supported by studies from Kahn (1990)[35], Conway (1994)[36], Dicks-Mireaux et al. (2000)[37], Przeworski and Vreeland (2000)[38], Hutchison et al. (2003)[39]and Dreher (2006)[40]. Thus, the newly emerging scientific consensus is that IMF programmes hurt economic growth. d. Income distribution and social spending An Evaluation Report from 2003 published by the IMF Independent Evaluation Office (IEO) considered 146 countries from 1985 to 2000 and examined how IMF programmes impact the poor, such as spending on health and education[41]. One result of the study was that governments not only did not cut such spending but the paper also indicates that IMF programmes let governments decide to increase their education and health budget An IEO study from 2004 confirmed this conclusion[42]. However, Nooruddin and Simmons (2006) found that while the overall effect of IMF programmes on health and education spending is positive, the impact is not statistically significant[43]. Moreover, the authors actually pointed out that for democratic countries the impact on health and education expenditures were negative. Three studies deal with the question if IMF programmes increase income inequality. Despite using different methodologies and data they all came to the same result that IMF conditionality programmes have caused a rise in income inequality. In a study about the income in Latin America under IMF programmes between 1965 and 1981 Pastor (1987) concluded that the single most consistent effect the IMF seems to have is the redistribution of income away from workers[44]. In a cross country analysis also Garuda (2000) found that IMF programmes exacerbate income inequality[45]. To the same conclusion came Vreeland (2002) who looked at the earnings in the manufacturing sector of 110 participating countries from 1961 to 1993[46]. 3. Changes to IMF policies As the mentioned studies show IMF conditional programmes do not have the success they should have. Therefore it seems to be necessary to think about how the IMF can achieve better results. One well-known critic is Nobel Prize laureate and former chief economist and senior vice president at the World Bank Joseph Stiglitz. In his view the major problem that the IMF failed in so many cases is its conditionality policy. The IMF recipe of liberalisation, deregulation and fiscal austerity is counterproductive because under economic crisis such policy can increase unemployment and deepen the crisis[47]. Stiglitz also points out that an industrialised country which is faced with an economic crisis do exactly the opposite of the conditionality policy which the IMF claims from its supported countries. So for example when the United States faced an economic downturn in 2001, the debate was not whether there should be a stimulus package, but its design[48]. Siglitzs standpoint is supported by th e reaction of the G-8 states to the current financial and economic crisis. In order to soften the biggest recession in the world since the Great Depression nearly every country has set up an enormous stimulus programme and governments as well as central banks accepted a rapidly increasing budget as well as the danger of high inflation due to a monetary policy of quantitative easing which finally means printing money without an economic growth. Under IMF conditionality such programmes would be unimaginable. Stiglitz concludes that the IMF probably acts more on the behalf of foreign investors and domestic elites at the expense of the poor than following economic rationality[49]. Stiglitz argues the IMF conditionality should be reduced and the Fund should return to the mandate proposed by Keynes: providing funds to restore aggregate demand in countries facing economic recession[50]. However, others authors like Thomas Willet[51]argue that the reason for disappointing results of the IMF policy is not the conditionality itself but rather the problem has been one of compliance. If participating countries would comply more with the IMF conditions, the results would also improve. International governmental policies as well as the IMF itself should enforce the conditions set by the IMF more strictly. Vreeland points out that the US often prevents the IMF from enforcing conditionality if these countries are favoured by the US for political reasons[52]. Even the Fund reacts to critics of its policies and has adapted its policy accordingly over time. It seems like the IMF is stuck in a battle between opposing viewpoints on conditionality. Perhaps, such problems are unavoidable for a global financial institution like the IMF but nevertheless it is obvious that conditionality is abused either by countries which are not interested in enforcing it or by countries which are not interested in a stable economic and social policy because they rely on a guaranteed IMF bailout.

Analysis Of The Movie The Child Of Rage - 1283 Words

delicate so sensible that what is done to them at he beginning of their life can affect their development. This is the reason why the movie I selected for this assignment was a documentary called the Child of Rage. This documentary is about two children that were adopted by a couple. One was a boy named Eric and the other was a girl named Beth. They were both severely maltreated and had no mother. Their biological father neglected Eric and sexually abused Beth they were both withdrawn from this home at a very young age Beth two years old and Eric one, but even though they were removed at a very young age from this environment they both were left with psychological damage. Beth especially this is why the documentary is focused on her. Beth has no conscious, she does not feel bad for the horrible things she does to people and animals around her. She stabs her pets with needles kills animals around her home and she hits and harasses her brother at only age seven and she also has horribl e nightmares about her father. Her actions made her parents so afraid of her that they locked her in her room at night. They also took her to therapy were along side with the therapist they have to make Beth feel some sort of emotional pain or remorse for the things she is done their goal is to make her feel something, have emotions because she does not, she is too emotionally traumatized to feel anything. The end result is that she actually cries because she feels bad for the things she hasShow MoreRelatedProzac Nation Essay1540 Words   |  7 Pagesdepression and its consequences. In 2001, the book was adapted into a movie. The movie, starring then new actress, Christina Ricci, clearly illustrates the original book’s main idea’s (Prozac Nation, 2001). The movie also shines with excellent theatrical performances and a well-adapted screenplay. This report will discuss the effects of major depression on Wurtzel’s life as illustrated in â€Å"Prozac Nation,† the movie. Furthermore, the development of Wurtzel’s depression will be analyzed in detailRead MoreThe Bible As A Support For Slavery880 Words   |  4 Pagesslavery. Slavery refers to individuals that are owned by others, whom have full control of their excistance. As time passed by, slavery developed and was the cause of many conflicts. In the movie Twelve Years of Slave we can see how slavery builds the inferno everyone burns. In an analysis of the movie for Commmonweal magazine, Richard Alleva said, To suggest that slave owners suffered as much as slaves would be obscene. 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English Original Writing †The Slime Free Essays

I had detention because some of my so called friends told the teacher I did it when I never. I was on my way home when I heard something smash therefore I went nearer to the source of the sound. It was leading me to a dark deserted old alley. We will write a custom essay sample on English Original Writing – The Slime or any similar topic only for you Order Now At any rate this way was quicker to my house so I strolled down. I never used to go home this way since my mum said not to for the reason that bad things happened to her when she went through the alley. The thought of the scream made me shiver and I felt a tingle down my spine. I heard the leaves crisp as I toddled along the footpath. The street was isolated I could even hear my self breathing. My stomach was churning so thus, I felt I was going to be sick. There it was I saw it, I was amazed of the features it had. He came closer and closer. It looked like he was horrified and his face was turning blue, pale blue. He made another impulsive move towards me and vomited. I felt the puke on my injured car bonnet. The bonnet got injured due to a hit and run ten minuets a go. The Schoolboy strolled towards the shimmering door and went inside me. He opened my shirt pocket gradually. He saw a creepy look in the mirror which gave a different image. I felt sick so I puked on the car. I hurried into the car and my eye was caught on this compartment, so therefore looked inside the box. I was shocked to see my self look like this. So I ran out of the motor vehicle, the engine was still running. I found out what made the crash it was this car so me and my conscience started to clean the vomit. I decided to restore it to its previous pristine condition as a mark of respect to the decease inhabitant of the car. He started to clean me additionally I started to undergo a feeling I have never felt before, cleanliness it felt so nice. He walked away from me but from my view I could see a silhouette following his every move. Something was saying to me go back the car or someone may need my help. I turned round ambled to the car. The car’s engine went off I believed to think the battery ran out. The cars door opened, thus made my heart pound, erstwhile I was thinking the car was calling me in. I took the weight off my feet and the cars engine turned back on and the cars doors and front bonnet and rear bonnet were clanging and horning, it made me jump. I could not believe my eyes no one come out or looked to see what that noise was. I saw a house. I was very curious to see the house. He gathered the courage to go into the gloomy dark house. He walked through the front door and plodded up the stairs. He looked around; I went inside a mansion. I saw a bathroom door open. The bathroom was covered in slime. The sink was bubbling slime; the floor was flooding slimy slipper sludgy slime. I tried to run back out but the door slammed shut in my face so there fore I went for the window that too slammed shut. The house was flooding green slime. I was scared and could see my future passing through my eyes. Then suddenly I heard an engine start. There was slime coming out through the panes of the window and the door. I heard banging, I thought it was the boy, I was thinking should I go in. I was drowning in slime I did not know what to do. The gunk was going in my mouth and I had to breathe through my nose I had a few seconds left. I was thinking. Then it came to me ill ram the car into the house so I rammed it. I saw a bright light. I thought I was gone, but when I heard a bang I saw the car I owed my life to a realistic car. How to cite English Original Writing – The Slime, Papers

Multi agency teams free essay sample

There are a number of professionals that come into contact with each other if a child has needs with speech, language and communication and require support from different areas. E. g. a social worker, SEN Officer, teacher and parent can work together to improve the life of a child or young person. They may come together to discuss a plan that is best for the child to progress effectively. Each child may have different professionals to tailor their individual needs. The people with specialist knowledge and skills will support the people that work with them on a daily basis and have regular meetings to remove barriers of achievement, agree strategies, provide training and identify, and sometimes provide resources. SENCO have the correct paper work in place and ensure appointments are up to date, this will make it easy to monitor development. This will help to co-ordinate with professionals who work with the child. We will write a custom essay sample on Multi agency teams or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The LEA decides between the school and external support services on how to support the child’s development and may arrange the intervention of a school action plus level to be provided. It also has a parent partnership so parents can be heard and understood with their views taken into account. Every child matters is a programme that covers all children in the school age 0-19. It has been set up so that schools and parents work together to give very child the best chance on life. It has a shared database of children containing information of every child so that all multi agencies, schools, police and voluntary groups can ensure the welfare of each child and can be assessed.