Focuse On Al Haramain As One Of The Arabic Perfumes Company - 2475 Words

Focuse On Al Haramain As One Of The Arabic Perfume's Company (Essay Sample) Content: Arabic PerfumesNameInstitutional AffiliationDateArabic PerfumesThe perfume market in GCC has a value of Dh11 billion every year, accounting for nearly 20% of the global market with consumption per capita of perfumes and cosmetics that is amongst the leading worldwide. The industry of perfume deals basically with firms that produce nonalcoholic perfumes, alcoholic perfumes and oils that are essentially targeted toward the domestic and Arab market segment within the UAE (Current awareness in flavor and fragrance, 2009). Currently it is in its phase of maturity with just four great existing market players, with regards to the previous shake outs because of instability for the period of the Gulf War (Bains Middle East Economic Digest Ltd, 2011). The players not only control the market of Arabian Perfume but have a competitive edge as well because of their distinctive dynamics and strategies. This analysis focuses on Al Haramain as one of the Arabic Perfumes company.The h eadquarters of Al Haramain are situated in Dubai, and there are 25 retail outlest within Middle East. While new brands were established and the organization expanded, Al Haramain began selling in Europe, the Far East, as well as the USA. Recently, Al Haramain also started an Oudh plantation in Bangladesh (Al Haramain Perfumes Website, 2014). Basically, Al Haramain caters to the Arabian audience, hence the mainstream of sales come from its Oudh products. This firm provides a broad product line and has a geographical scope that is regionally focused. Globalization is Al Haramains great opportunity (Maidment, 2007). Besides, the UAEs economy is growing steadily and this offers a perfect opportunity for the firm to raise its profits and in so doing, increase its market share (Maidment, 2007). In view of the fact that the internet has turned out to be a global medium of communication (Haan, 2004) Al Haramain must take advantage through inventing online advertising and online selling. Ra sasi, which is also among the four leading perfumes firms in UAE, adopted IBM Lotus Domino System that facilitated it to bring fresh products to the market within a shorter phase of time, decreasing its costs of communication and raising efficiency of employee via enhanced collaboration (Maidment, 2007). Al Haramain needs to make use of such technological improvement to advance itself and stay at the level of competition. Additionally, Al Haramain must not ignore their most significant segments, particularly younger users who make up 60 percent of the growing population in UAE (Al Haramain Perfumes Website, 2014). This generation has cultural concerns sharing. They mind the environment and favorably respond to organizations like The Body Shop that have demonstrated records of socially and environmentally responsible actions (Al Haramain Perfumes Website, 2014). They are concerned with fitness and healthy lifestyle. This is why Al Haramain should plan strategies that target this expa nding market from a tender age and foster them as devoted customers for a generation (Al Haramain Perfumes Website, 2014). The UAE is developing dedicated areas to supply to the fragrance as well as related sectors. It is approximated that presently Dubai has thirty manufacturing divisions in the cosmetics, fashion and fragrance sectors and equal number are running in other emirates. Dubais geographical location and its accessibility and proximity to the upcoming markets is an important advantage. Regardless of its humble population, the UAE provides a sophisticated, varied market for other countries. Position of Dubai as a regional business hub promotes outstanding trade exhibitions as well as conferences, which presents ways for firms to reach consumers from all over Africa, Middle East, East and South Asia (Walsh, 2008). Although the perfume industry in the UAE is basically at its maturity, Al Haramain is still in its growth stage. The focus of Al Haramain is majorly on oil based oriental fragrances that are merely truly valued by Arab users whose culture for many years has used non-alcoholic perfumes that are Oudh-based (Al Haramain Perfumes Website, 2014). However, in the UAE, other ethnic group is gradually becoming interested in purchasing oriental perfumes that are oil-based. One reason may be that Muslims have a preference of using perfumes that are non-alcoholic-based. Perfumes that are oil-based are regarded as more hygienic compared to perfumes that are alcohol-based since they bring about fewer allergies (Current awareness in flavour and fragrance, 2009). This position segment has been targeted by Al Haramain, which is developing to incorporate non-Arabs also. The strategy of Al Haramain is to differentiate its manufactured products and to make a product that is considered industry-wide as being exceptional (Feenstra Taylor, 2011). The new product varietys introduction is purely to effectively compete with its competitors. Therefore one can stat e that by itself, Al Haramain is not innovative, although its innovation is due to reacting against competition. Product differentiation strategy by Al Haramain can earn returns that are above-average through creation of a justifiable position for dealing with the competitive forces. Normally a firms cost advantage serves as a defense against its competitors since reducing costs lead to higher returns. Al Haramain lacks this advantage because of its high labor costs, RD, and high advertising. Since its primary start-up expenses are high, the end product turns out to be relatively high also. Swiss Arabian and Rasasi have a cost advantage above Al Haramain since they concentrate on mass-market inventions. Additionally, Ajmal has inexpensive labor as well as raw material expenses. The success of Al Haramain lies in its experience, resources, skills and comprehensive knowledge of the business (Tripp Tripp, 2002). The Al Haramains Managing Director (MD) has been involved in inventing ma joring of the companys perfumes and is an established expert of olfactory senses. The MD has succeeded in selecting the correct talent, and has nurtured a specialists team who understand the art and complexity of oriental fragrances. The team has facilitated in the establishment of the well-acknowledged brand name used by Al Haramain today. Al Haramains oils and perfumes target both women and men. There are two classifications of the fragrance: Floral and Oriental. Different from the popular belief, the firm has discovered that oriental perfumes are simply as popular in the United States and Europe as they are within the Middle East (Tripp Tripp, 2002).Al Haramain maintains to have excellent skilled work force that can generate the particles of Oudh from raw materials (Al Haramain Perfumes Website, 2014). The workers who take care of Oudh have more than 35 years of grand experiences and expertise. The team of Al Haramain tries innovative ways and generates latest concepts for extra cting processes of Oudh. In addition, Al Haramain utilizes its financial influence to hire competitors workers. This provides Al Haramain with inside information about the way competitors operates, what innovative projects are underway, and the way particular matters are handled (Al Haramain Perfumes Website, 2014). Al Haramain states that its designs of product are so successful because of the extensive research of market done by the firm. The sales squad connects the firm to its sellers and they are considered Al Haramains front face. The leading managements open door rule facilitates the sales squad and other workers to give feedback concerning its products (Al Haramain Perfumes Website, 2014). Al Haramains sales squad has met sales teams from their competitors, and they state that the employees from the competitors merely recognize their direct managers, and their top-level management is not known (Al Haramain Perfumes Website, 2014). Al Haramains monthly meetings and open door policy facilitate the leading management to relate with every level of workers. The management of Al Haramain states that it has great financial advantage and that it is monetarily sound (Al Haramain Perfumes Website, 2014). Complete payments are done once raw materials are received, and 3-month credit facilities are given to retailers. Additionally, workers salaries are timely paid and review is done on a quarterly center. The major threat for Al Haramain is large competitors such as Rasasi, Swiss Arabian, and Ajmal. Natural disasters may possibly prove to be the companys threat as it would influence its operations in reference to the Oudh plantation based in Bangladesh (Feenstra Taylor, 2011). This could be a great hit because perfumes that are Oudh-based are the companys major product line. Another threat is perfumes imitation since the UAE is experiencing challenges from products that are counterfeit. An expert fragrance chemist with Mass Spectrometry and Gas Chromatography equ ipment is able to analyze a fragrance and strongly duplicate it (Feenstra Taylor, 2011). Duplicates of costly, special fragrances are currently available at the costs fraction. Low-income groups and young teenagers normally fall victim to the products provided in the grey market (Feenstra Taylor, 2011). Even though the state is alert, violations of copyright do occur and a couple of trendy brands are under habitual attack. These suppliers of imitation fragrance have the capacity to weaken the prices of Al Haramain and vend its perfumes at lower costs. The 2003 Dubai External Trade Statistics indicated that exports perfume product from the UAE comprised of around 83.5 million AED globally (Brijs, 2013). Saudi Arabia (16.5 million AED), Kuwait (10.7 million AED) and Netherlands (24.6...

Global Economic And Financial Crisis - 2519 Words

Many lessons were learned from the aftermath of 2008 global economic and financial crisis. One of them was the effect that foreign direct investments (FDI) had on the global economy, particularly on developing countries. By definition, an FDI is an â€Å"investment that involves some ownership and/or operating control. The foreign residents are usually multinational corporations (MNCs)† (Cohn 412). The market crash drastically altered the nature of FDI. After consistent growth between 2003 and 2007, investments in developed countries experienced a steep fall, suffering from about a 29 per cent drop. In contrast, investments in developing countries skyrocketed, peaking at an about 43 per cent increase (UNCTAD 2009). However, more revealing than the unexpected turn of events was the way FDI significantly affected, and was affected by the status of the global economy – showing further importance to one type of economic entity that naturally comes with FDI, multinational corporations. This paper will argue that the ever-constantly increasing presence and influence of MNCs prove that they are entitled to be considered as legitimate global political actors. Despite the considerable negative connotation that MNCs have garnered, their undeniable enormity and influence in generating the flow of FDI, their contribution in hastening the distribution of technology and knowledge throughout the globe, and their status as the absolute major player in modernization and globalization throughShow MoreRelatedGlobal Economic And Financial Crisis Essay840 Words   |  4 Pagesacceleration of overall economic growth over the past decade (until the onset of the global economic and financial crisis) has been accompanied by a significant acceleration in the growth of credit in the economy. This broad trend suggests that high economic growth has been accompanied by financial deepening. 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In the aftermath of the global financial crisis, hundreds of companies have been founded to facilitate peer-to-peerRead MoreThe Problem Of Global Financial Crisis1122 Words   |  5 Pagesreceivables and other financial assets are pooled together, with their cash flows or economic values redirected support payments on related securities.† â€Å"Securitization first emerged in the 1970s with the sale of securities backed by residential mortIn the 21st century, economic problems have incurred an increasing number of people s attention as the economic develop rapidly, and these problems are usually caused by human themselves. For instance, the occurrence of Global Financial Crisis (GFC) in 2007Read MoreThe Global Financial Crisis Of Broward College920 Words   |  4 PagesResearch Paper: The Global Financial Crisis Michelle Beira Broward College There have been few financial crises in the United States. 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A Brief Note On Obesity And Its Effect On Obesity

What Factors Contribute to Obesity in Children For years I’ve been watching the news in disbelief on how much obesity is increasing in children like if it’s an epidemic that has no control, so I have always asked myself what factors contribute to obesity in children. My knowledge about obesity disorder is limited, but what I do know is that obesity is one of the causes of death in the United States. Obesity grows like a virus when humans abuse their intake of fattening food that has no beneficial benefit for them. Also I assume that obesity comes from the genes of your family members. If your family is overweight, then perhaps there is a high chance you are also going to be overweight and probably obese in the future. Exercise is an†¦show more content†¦I was surprised at the amount of information I found that I didn’t know what articles to choose from, but I read several journal, periodical, newspaper articles from their abstracts or introductions whi ch made it easier for me to connect the correct ones for my research paper. It helped me narrow down my search to only factors that contribute to obesity in children. To my amazement my periodical informs â€Å"Predicting Obesity at Birth† which the majority of obesity starts from. Next, in my research I found two academic journals, one that informs how â€Å"Parental Feeding and Childhood Obesity in Preschool-Age Children†. According â€Å"Food for thought: Children’s views on the psychological aspects of childhood obesity† is my second academic journal. Next, the following day I needed to check out a book as my fourth source from the library so I decided to search it online first and found a perfect one named â€Å"Obesity†. The following day I went to the UTB library and checked out the book. The difficult part is to find my fifth primary source which is the last one and navigated online looking for a good documentary video about factors that co ntribute to obesity in children. I didn’t find anything on my first day of searching, but the next day I kept on researching and found the perfect documentary video called â€Å"The Weight of the Nation† that will make my research paper complete. What I Discovered I discovered that

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Case Summary Security Fraud - 1626 Words

Case Summary Security fraud is a white collar crime that involves the deception of investors or the manipulation of financial Markets (FBI, 2005). Security fraud is a broad topic that covers many different aspects of white collar crimes that individually can stand as their own form of indictable crime (FBI, 2005). Due to the broad reality associated with security fraud, when considering the different case studies, the Martin Shkreli case was the best option. Mr. Shkreli was a pharmaceutical executive who was known by the general public and by the Media for his high pricing in life saving drugs (Smythe and Geiger, 2015). Mr. Shkreli, dubbed Bad Boy by the media, had been charged with several charges pertaining to fraudulent schemes such as insider trades, manipulation of market to illegally redistribute money by misappropriation of assets or defrauding investors and potential investors to fund pharmaceutical companies that acted as hedge funds (Smythe and Geiger, 2015). The list of charges and cri mes that Mr. Shkreli go on and on, and it is for that very same reason Mr. Shkreli’s case was the most ideal case to choose. Mr. Shkreli s Case is great representation of how security fraud has many faces. Another reason why Mr. Shkreli s Case is the ideal case is due to the fact that it will allow for a more depth analysis on why individuals commit fraud. In one of the articles I will be annotating as one of the 5 sources, the psychology and sociology behind why individualShow MoreRelatedThe Case Summaries For Phar Mor Inc. Fraud Essay1302 Words   |  6 PagesThe Case Summaries for Phar-Mor Inc. Fraud, Waste Management Scandal, Enron Scandal and Answers Phar-Mor Inc. Fraud Summary Phar-Mor Inc. fell prey to greed from the top. Unfortunately, the auditing firm assisted the organization with the conspiracy to defraud the users of financial reporting, the government, and the stakeholders. 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DHBI made protective body armour for the US military. The former CEO of DHBI, David Brooks (DB), misrepresented DHBIs financial statements, mislead the independent auditors in order to conceal his fraudulent transactions and he misappropriated DHBIs assets and funds for personal expenditures. Main Issues: (1)  Weak corporateRead MoreHoward Street Jewelers1634 Words   |  7 PagesCase Overview For forty years the Levis owned and operated a jewelry store. They had survived many financial ups and downs over the years, but the current declining cash position of the company was nearing critical. On more than one occasion Mrs. Levi had suspected Betty, a long term, reliable, employee for over twenty years, might be stealing from the company. Betty not only worked as a sales clerk, but she also handled all of the cash and bank deposits and maintained all of the sales andRead MoreEthics Of Hacking And Cracking1156 Words   |  5 Pagesexploitation of system vulnerabilities. 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What is sociology, anyway Why bother to study it Free Essays

The aspect of sociology mainly relates to the study of the human behavior, existence, and individual characteristics based on the collective perspective of the society. The importance of this field in science generally manifest in many ways varying from the views and interpretation of the person involved. In reply to the read article regarding a personal reflection towards sociology, this writer clearly understands that the author of the said article greatly appreciates the value of the aspect of sociology with its manifestation towards the said author’s life. We will write a custom essay sample on What is sociology, anyway? Why bother to study it? or any similar topic only for you Order Now Read also  Sociology and Social Integration. Parts of his realization are greatly inclined towards the aid of sociology for understanding the human behavior in the society and discovering the individual characteristics of each person in a collective perspective. By the inclusion of the sociological concepts, the author of the article was able to understand the individual differences in terms characteristics, behavior, intellect, and others relevant to his successful merge in his society. In agreement to the ideas presented of the author of the read article, indeed, the aspect of sociology explains that the individual differences of each person is rooted on the influence of numerous factors in the person’s development. Realizing this fact, it is important to acknowledge these factors in understanding the personal characteristics of each individual such as his or her opinion, values, perspective, behavior, and actions. Among these influential factors are the concepts of family background and culture wherein the former has changed significant in the present. Other than the traditional type of the family unit, new structure have already emerged in the present namely the extended and nuclear or modern type which also have significant influences in the personality development of the person involved in these family unit. The dominant culture existing inside the family also becomes a fundamental factor in the individual characteristic thus, should also be considered in the sociological analysis and understanding. Indeed, the factors of family background and culture significantly affect the development of individual personality and characteristics relative to understanding the differences of each person inside the collective group of their respective society. Being part of the broad field of sociology, indeed, it is important to consider this scientific field towards achieving development in the aspect of understanding social relationship and individual differences inside the organization of human society. How to cite What is sociology, anyway? Why bother to study it?, Papers

Disadvantages of using Renewable Energy-Free-Samples for Students

Question: Discuss about the Disadvantages of using Renewable Energy. Answer: Introduction The rapid growth of the technological advancements and the increasing needs for power has led to the rise of crisis situation sin the environment. the traditional methods through which power was used, the non-renewable sources, started depleting and the concern for the future generations has led to innovations that generated power for the industrial sectors and the common households. The most important consideration undertaken by the people while undertaking the sustainable approaches is based on the conservation of the power and the non-renewable sources. The technological advancements have led to the usage of the global statistics in order to analyze and understand the depletion that is being caused by the actions of the people and the organizations. The depletion of the natural resources, led to the serious discrepancies that are being faced by the people. The conservation of the non-renewable resources is therefore an attempt of sustaining the energy sources that are non-renewable in nature (Kristoferson Bokalders, 2013). The report, however, states the negative impacts of the usage of the renewable sources in the developing countries. It aims at differencing between the non-renewable and the renewable sources in order to justify the notion that the renewable sources must not be used by the developing economies. The growing awareness of the requirements of the application of the renewable sources of energy has led to the growth of the systems supporting the cause of the renewable sources. However, they might seem to be disadvantag eous for a developing country. The report enumerates the issues that are being faced by the developing countries while undertaking the practices of sustainable development. Te issues are being demonstrated with the help of the arguments and the counter arguments and lastly a critical review of the content that is being presented. Issue 1: High costs of installation The higher costs of installation of the renewable sources of energy leave limited scope with the developing nation to undertake and facilitate the sustainable approach. The higher costs of installation do not facilitate the usage of the renewable sources (Devabhaktuni et al., 2013). Moreover, expenditure that is being undertaken by the nation is based on the demography and the social structure. it is also based on the economic condition of the nation (Quaschning, 2016). The most important step undertaken by the nations is determining the per capita income of the nations through which the affordability of the step and its implementation can be understood. The majority of the people might not afford the higher costs of installation and therefore the implementation of the renewable resources is a matter of concern for the developing countries. On the other hand, the implementation of the renewable sources helps the nation in reducing the costs incurred in order to supply power to the people. In certain developing countries like Romania, nuclear power projects are being undertaken in order to supply the nation with the most required electricity. Nuclear plants make use of Uranium, which is a non-renewable source (Wstenhagen Menichetti, 2012). Therefore, the excessive use of uranium depletes the uranium contents in the atmosphere. The most important consideration undertaken by the nations in developing and empowering the mass production of power results to their reliability on the non-renewable sources of the energy (Refer to Appendice 1). Approximately the cost of one kilogram of Uranium is around $7 million. In this cost, the country could have installed different renewable sources like the wind power or the hydro power plants (Espinosa et al., 2012). The ineffectiveness of the plants is due to the excessive demand for po wer that is being faced by the nation. The demography and the economic structure of the nation play an important role in the installation of the renewable sources. The renewable sources help in making a sustainable approach to the growth of the nations. Therefore, an important phenomenon must be undertaken by the nations in order to support their respective eco-friendly approach. However, the higher costs of installation hinder the growth of the national progress. The most important consideration undertaken by the nations are based on meeting the requirements of the people. The increased population of the nations has supported the cause of their respective demands (Lee, Speight Loyalka, 2014). The demographic control and the steps that are being undertaken by the developing nations have brought in stability in their approaches. Although, the installation of the renewable sources of generating energy is not being undertaken by the nations due to the limited supply of power based on the demand. The renewable sources of energy have helped in the evolution of the power in the nations, which will not be based on the non-renewable sources. However, the excessive cost of installation of the renewable sources discourages the nations to undertake steps in order to implement the ideas of sustenance. The rise in the energy consumption has been correlated with the increase in the demand for the energy (Chu Majumdar, 2012). Therefore, in order to supply the people with the required amount of energy, the developing nations undertake steps in order to use the non-renewable sources. The output of the renewable sources of energy is again an important consideration that must be undertaken while understanding the deficit in the values of the power. Issue 2: Lack of reliability The installation of the renewable sources helps in the undertaking of the proper sustenance. However, the developing nations face difficulties in the installation process based on the factors of reliability. The reliability on the usage of the renewable sources is based on the availability of power and the lesser use of non-renewable sources from the environment. The lack of reliability is based on the concepts of the change that the nations must undertake. However, the applicability of the renewable resources is based on the demographic structure and the demand of the developing nations (Ellabban, Abu-Rub Blaabjerg, 2014). The problems that are being faced by the nations are based on the criteria of the supply of the power to the people. Apart from the fact that the usage of the renewable sources helps in reducing the carbon emissions in the atmosphere, the reliability of the sources plays a major role while undertaking the understanding of the situations of the nation. The most reliable source of energy can be counted on the empowerment of the geothermal energy, which is a renewable source and thereby helps in reducing the depletion of the resources from the atmosphere (Centi, Quadrelli Perathoner, 2013). On the other hand, the applicability of the geothermal energy sources requires huge funding and investment that are required to be undertaken by the nations government. It is based on the economic condition of the nation (Refer to Appendice 2). Therefore, the applicability of the renewable sources is based on the fair returns of the energy sources on the investments that are being undertaken. Waterpower, on the other hand, is estimated to provide 16% of the worlds energy through its rapid growth in different developing and developed countries. The installation of the turbines requires an investment though, but the source is being preferred by the countries that funds the growth of the hydropower projects. On the other hand, the lower productivity of the power that is being supplied through the undertaking of the project discourages the growth of the renewable sources (Twidell Weir, 2015). Wind power, on the other hand provides power to the people but the excessive demand of power could not be controlled and adhered by the systems and therefore, most of the nations apply the wind power in the windy areas in order to maximize the use of the resource. The most important issue that are being faced by the developing nations are based on the accessibility and the effectiveness of the measures in order to raise the quotient of their output in the sectors (Brenton, Edwards-Jones Jensen, 2015). Conclusion Therefore, from the above analysis it can be stated that the usage of the renewable resources is an important consideration that must be taken by the nations in order to sustain their resources. However, in order to cope up with the basic requirements of the people regarding the utilization of power, the nations have to undertake steps in order to use the non-renewable sources. The applicability of the renewable resources is based on the higher costs of installation and the lack of reliability of the resources in supporting the demands of the people. The most important step undertaken by the nations are based on the requirements of the power and thereby the supply of the power in the sectors for the smooth functioning. Moreover, the per-capita income of the people of the nation is also a considerable factor while undertaking the investments by the governing bodies of the nation. The sustainable approach of the nations should be backed by the potentiality of the developing nations to undertake steps in order to promote the usage of the renewable sources of energy. The most important consideration undertaken by the nations is based on the applicability and the potential benefits that the nation derives from the transition of the usability of power by the nation. It is based on the demands and the supply and also determines the costs of undertaking the change. References Brenton, P., Edwards-Jones, G., Jensen, M. F. (2015). Carbon labelling and low-income country exports: a review of the development issues. InINTERNATIONAL TRADE, DISTRIBUTION AND DEVELOPMENT: Empirical Studies of Trade Policies(pp. 393-417). Centi, G., Quadrelli, E. A., Perathoner, S. (2013). 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