Thursday, May 21, 2020

Impact Of Technology In Fashion - 921 Words

Technological advancement in regards to Fashion As technology continues to progress fashion evolves right alongside. Before the invention of the tv the way to spread different styles and outfits was through sketches and designs. By this means it would take extended amounts of time to spread ideas of fashion from one place to another. The influence of technology on the fashion industry cannot be overlooked. Fashion is being rapidly offered to consumers at an amazingly fast rate. Nowadays anybody can have anything they want within the reach of a button on a phone or computer screen, fashion is instantaneous. It used to be following style patterns included venturing to the far corners of the planet in a group of 10 to create a†¦show more content†¦Since social media is so easily accessible to everyone nowadays people dont care to go and grab the latest vogue for inspiration, they will go on their phones and check their instagram, twitter, Facebook or any social media account to see whats trending. In L2s Advanced IQ List, wh ich positions form brands as per their site offerings, online business, computerized advertising and web-based social networking mindfulness, US ladies dress planner Tory Burch beats understood worldwide extravagance brands, for example, Gucci, Hermes and Chanel. This shows the huge impact the influence of social media can have on the Fashion industry, the world is moving and progressing through social media and those who chose not to utilize this part of technology so widely used, are going to fall behind those who do. People who are very high up in social media have a very big platform to promote and influence others. Nowadays if you have a huge amount of followers you are practically famous with all eyes watching you. Fashion corporations want people who have this huge platform on social media to promote their styles due to the fact people are going to be strongly persuaded to want or to want to look like something if someone they keep up with on social media looks a certain way or wears a certain piece. Fashion trends from all over the world come to meet each other, merge, change and evolve through social media. The concept of the seeShow MoreRelatedThe Impacts of Fast Fashion and Technology on the Fashion Industry1431 Words   |  6 Pages This essay will discuss Fast Fashion and the Impact of Technology. I will focus on the different levels of the market, the effect of fast fashion on fashion design, how copying effects high end designer brands and the impact of technology on the fashion industry. There are three different sectors in the fashion industry. These are Haute Couture, Prà ªt- à  -Porter (Ready to Wear) and High Street (Mass Market.) There is a huge difference between the three sectorsRead MoreHow Will Technology Impact On The Future Of Fashion Objects?1726 Words   |  7 PagesHow will technology impact on the future of fashion objects? Explore 2-3 examples.    Technology has become an important fashion accessory. 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He collected data from 109 Fortune 500 companies, and this helped him to establish that the firms that were reputable for implementation of IT fa shions in the media did not particularly experience higher performanceRead MoreThe Institute Of Museum And Library Services1490 Words   |  6 PagesComprehensive Exam Question 2: The Institute of Museum and Library Services (IMLS) promotes evidence-based evaluation. For a type of library of your choice discuss the use of outcomes and impact measures to develop sound evaluation practices. Use IMLS and association tools to craft your answer. The Institute of Museum and Library Services (IMLS) within the National Foundation of the Arts and Humanities. The two programs were combined and established in September 30, 1996. The program has been inRead MoreRisk Assessment Of The Fashion Industry1410 Words   |  6 Pagescompany in the fashion retail industry. These risks will be to assessed through their impact on the company and proposed strategies to overcome when faced with risks. 5.1 Industry Risk Assessment The development of the fashion industry is huge in the UK and now the retail industry also shows growth. This indicates that the company has the opportunity to earn profits, but there are still several factors that may affect the company s profitability. Labor costs Competition in the fashion market is veryRead MoreSustainable, Environmentally Friendly And Ethical Products1227 Words   |  5 Pagesinto a global trend and became an integral part of (fashion) design and production process [1]. It is a stage in the life cycle of fashion garment. Why so? Because it explores approaches such as low impact textiles techniques, zero waste techniques, repair and maintenance techniques, closed-loop design systems, low-impact manufacturing technologies, mono-materiality, design durability, and up cycling. Sustainable fashion, also known as eco fashion, is part of the larger growing trend of creating moreRead MoreMarketing Strategy For The New Marketing Opportunity Essay1269 Words   |  6 Pages3. The final part of the assessment involves determining the final marketing mix in relation to the new marketing opportunity. As part of finalising your marketing mix, answer the following questions: ï‚ §Ã¯â‚¬  What environmental factors could have an impact on the selected marketing mix e.g. economic conditions, the political or legal environment, etc? †¢ Competition: To compete in new market, company has to do marketing mix and determine market strategy for Price, Place, products and promotions. †¢ EconomicalRead MoreMarketing Planning Of H M986 Words   |  4 Pagesgood marketers in Adverting create a recycle Fashion in designs. HM has good Excellent skills in customers service they have a Fashion collection for very good value. The Capabilities of HM combines ware with the physical infrastructure shops in the high street and win capitals in the world fashion window shop design. Over the next few three years HM aims to becoming more competitive winning competitive they are all recycle clothes in a recycle fashion with a brand Competencies are Formed of coreRead MoreThe Effect of Globalization on Fashion with Special Reference to the Impact of Japanese Designs on the European Scene1521 Words   |  7 Pagesct Analyse the effect of ‘Globalization’ on fashion with special reference to the impact of Japanese designs on the European scene. The definition of globalisation is quite complex and extremely controversial. However globalization with reference to the fashion industry helps defines the development of what has been termed as „world fashion‟. Preferred garments of young people is quite often the same. A phenomenon made possible by the exploitative mechanisms of globalization. The globalization ofRead MoreThe Effect of Globalization on Fashion with Special Reference to the Impact of Japanese Designs on the European Scene1527 Words   |  7 Pagesct Analyse the effect of ‘Globalization’ on fashion with special reference to the impact of Japanese designs on the European scene. The definition of globalisation is quite complex and extremely controversial. However globalization with reference to the fashion industry helps defines the development of what has been termed as „world fashion‟. Preferred garments of young people is quite often the same. A phenomenon made possible by the exploitative mechanisms of globalization. The globalization

Wednesday, May 6, 2020

Analysis Of Michael Gow Will Be The Road Not Taken By...

It’s known that everyone has their own way of understanding and developing into the concept of self-discovery through different types of ways this can include emotional, creative, intellectual, physical and spiritual. So, the question is, does self-discovery only work within an individual or can it be influenced by others around us? Morning, teachers and fellow class mates. My prescribed related text to away by Michael gow will be the road not taken by Robert frost. Away explores the concept of self-discovery and transformation through the characters as they change. By encountering a physical journey, it provides the character with new perspective on life and an understanding attitude away from the strenuous and monotonous activities.†¦show more content†¦The stage direction, â€Å"Gwen and Jim embrace† shows her self-realization has also led to reconciliation between her and Jim, her husband. This emphasises the power of love combined with the power of nature whist in the environment of the beach. Through a valuable physical journey Gwen has been provided with an opportunity to broaden her perception of life. Similarly Coral, another protagonist, is depicted as experiencing emotional development as a result of her journey, to the Gold Coast. The literal journey parallels her metaphysical travels. Dialogue and character interaction reveal her suffering before her holiday. Due to Coral’s deep suffering from the tragic loss of her only son in the Vietnam War she has neglected to interact and connect with people. â€Å"You’re on your honeymoon, aren’t you?† shows Coral has learnt to freely communicate with fellow travellers in orderly fashion whist on her holiday. Still Coral feels confined by her husband’s threat of hospitalization so she escapes to a more natural environment. At the beach Coral meets Tom, a catalyst for her change. Their conversation got her â€Å"back into the swim.† This is emphasised by Coral’s participation in â€Å"The Stranger on the Shore,† where she reiterates her past, â€Å"I’m walking† suggests she has accepted the true facts of reality. â€Å"The light becomes bright, summery,† this stage direction demonstrates

Financial Analysis of Microsoft Corporation Free Essays

Introduction BACKGROUND OF MICROSOFT Microsoft is the most prominent technology corporation in the world that deals with computers according to posts from big history.net. ’’ With annual revenues of more than $32 billion, Microsoft Corporation is more than the largest software company in the world: it is a cultural phenomenon. We will write a custom essay sample on Financial Analysis of Microsoft Corporation or any similar topic only for you Order Now The company’s core business is based on developing, manufacturing, and licensing software products, including operating systems, server applications, business and consumer applications, and software development tools, as well as Internet software, technologies, and services’’. http://www.fundinguniverse.com/company-histories/Microsoft-Corporation-Company-History.html ‘’The name of the famous person – Bill Gates comes in one’s mind with mention of the name of Microsoft. He is the founder of the company and is believed to be the smartest programmers ever.’’ http://www.bighistory.net/microsoft-a-short-history/. Led by him, Microsoft had witnessed its heydays and has been able to have its product on almost every personal computer in the world, and in the process creating standards in the technology industry as well as market re-definition. ‘’Gates was first exposed to computers at school in the late 1960s with his friend Paul Allen, the son of two Seattle librarians. By the time Gates was 14; the two friends were writing and testing computer programs for fun and profit. In 1972 they established their first company, Traf-O-Data, which sold a rudimentary computer that recorded and analyzed traffic data. Allen went on to study computer science at the University of Washington and then dropped out to work at Honeywell, while Gates enrolled at Harvard. Inspired in 1975 by an issue of Popular Electronics that showed the new Altair microcomputer kit just released by MITS Computer, Gates and Allen wrote a version of BASIC for the machine. Later that year Gates left college to work full time developing programming languages for the Altair, and he and Allen relocated to Albuquerque, New Mexico, to be near MITS Computer, where Allen took a position as director of software development. Gates and Allen named their partn ership Micro-soft’’. http://www.fundinguniverse.com/company-histories/Microsoft-Corporation-Company-History.html. The word Microsoft was developed from two different words, micro from microcomputer and soft from software. The name was registered in New Mexico with the secretary of state in November 1976. On November 1978, the first international office of Microsoft was established in Japan and its name was ASCII (American Standard Code for Information Interchange). It is now known as Microsoft Japan. In January 1979 the company’s headquarters was moved to Bellevue Washington. http://www.bighistory.net/microsoft-a-short-history/. In the early 80’s, Microsoft witnessed a period of great success when IBM contracted the company to develop an operating system for its personal computers (PC), which was underway. In the late 80’s Microsoft issued IPOs (initial public offering) of over two million shares and in the space of one year the price or the shares tripled and in the process making Gates a billionaire at about thirty years of age. Nonetheless, the company had lots of critics and legal cases against it from competitors and the likes. Microsoft success was further heightened by the tech bubble of the 2000 following the release of the windows XP, windows 2000,the acquisition of Visio corporation which stood as the largest acquisition in the life of Microsoft so far with transaction value of about One and half a billion dollars. The company also spread its tentacles into the world of gaming with their popularly known X-BOX which has remained a success till date. DESCRIPTION AND ANALYSIS OF MICROSOFT’ PERFORMANCE OVERTIME Key Dates: 1975: Microsoft is founded by Bill Gates and Paul Allen; they sell BASIC, the first PC computer language program to MITS Computer, Microsoft’s first customer. 1981: Microsoft, Inc. is incorporated; IBM uses Microsoft’s 16-bit operating system for its first personal computer. 1982: Microsoft, U.K., Ltd. is incorporated. 1983: Paul Allen resigns as executive vice-president but remains on the board; Jon Shirley is made president of Microsoft (he later becomes CEO); Microsoft introduces the Microsoft Mouse and Word for MS-DOS 1.00. 1985: Microsoft and IBM forge a joint development agreement. 1986: Microsoft stock goes public at $21 per share. 1987: The Company’s first CD-ROM application, Microsoft Bookshelf, is released. 1990: Jon Shirley retires as president and CEO; Michael R. Hallman is promoted in Shirley’s place; the company becomes the first PC software firm to surpass $1 billion of sales in a single year. 1992: Bill Gates is awarded the National Medal of Technology for Technological Achievement. 1993: The Company introduces Windows NT. 1995: Bill Gates publishes his first book, The Road Ahead. 1996: The Company acquires Vermeer Technologies and its software application, FrontPage. 1997: The Justice Department alleges that Microsoft violated a 1994 consent decree concerning licensing the Windows operating system to computer manufacturers. 1998: The U.S. Department of Justice files two antitrust cases against Microsoft, alleging the company had violated the Sherman Act. 2000: The Company acquires Visio Corporation, its largest acquisition to date. 2001: Microsoft Windows XP is released internationally. 2003: Microsoft launches Windows Server 2003. 2007: Microsoft launches Windows vista 2009: Microsoft launches windows 7 Source: http://www.fundinguniverse.com/company-histories/Microsoft-Corporation-Company-History.html Balance sheet for Microsoft Corporation as at 30th June 2011. (Annually) Assets [+]in Millions of Dollars 06/2010 06/2009 06/2008 06/2007 06/2006 Cash and Equivalents5,505 6,076 10,339 6,111 6,714 Restrictable Cash– – – – – Marketable Securities31,283 25,371 13,323 17,300 27,447 Accounts Receivable13,014 11,192 13,589 11,338 9,316 Loans Receivable– – – – – Other Receivables– – – – – Receivables13,014 11,192 13,589 11,338 9,316 Inventories, Raw Materials172 170 417 435 465 Inventories, Work in Progress16 45 31 148 – Inventories, Purchased Components– – – – – Inventories, Finished Goods552 502 537 544 1,013 Inventories, Other– – – – – Inventories, Adjustments Allowances– – – – – Inventories740 717 985 1,127 1,478 Prepaid Expenses– – – – – Current Deferred Income Taxes2,184 2,213 2,017 1,899 1,940 Other Current Assets2,950 3,711 2,989 2,393 2,115 Total Current Assets55,676 49,280 43,242 40,168 49,010 Land and Improvements526 526 518 428 362 Buildings and Improvement8,187 7,824 6,030 4,247 3,146 Machinery, Furniture and Equipment7,546 6,732 5,996 4,691 3,715 Construction in Progress– – – – – Fixed Assets, Other– – – – – Fixed Assets, Total16,259 15,082 12,544 9,366 7,223 Gross Fixed Assets16,259 15,082 12,544 9,366 7,223 Accumulated Depreciation(8,629) (7,547) (6,302) (5,016) (4,179) Net Fixed Assets7,630 7,535 6,242 4,350 3,044 Intangibles1,158 1,759 1,973 878 539 Cost in Excess12,394 12,503 12,108 4,760 3,866 Non-Current Deferred Income Taxes– 279 949 1,389 2,611 Other Non-Current Assets9,255 6,532 8,279 11,626 10,527 Total Non-Current Assets30,437 28,608 29,551 23,003 20,587 Total Assets86,113 77,888 72,793 63,171 69,597 Liabilities [+]in Millions of Dollars 06/2010 06/2009 06/2008 06/2007 06/2006 Accounts Payable4,207 5,008 4,034 3,247 2,909 Short Term Debt1,000 2,000 – – – Notes Payable– – – – – Accrued Expenses– – – – – Accrued Liabilities3,283 3,156 2,934 2,325 1,938 Deferred Revenues13,652 13,003 13,397 10,779 9,138 Current Deferred Income Taxes– – – – 1,557 Other Current Liabilities4,005 3,867 9,521 7,403 6,900 Total Current Liabilities26,147 27,034 29,886 23,754 22,442 Long Term Debt4,939 3,746 – – – Deferred Income Tax229 – – – – Other Non-Current Liabilities8,623 7,550 6,621 8,320 7,051 Minority Interest– – – – – Capital Lease Obligations– – – – – Preferred Securities of Subsidiary Trust– – – – – Preferred Equity Outside Shareholders’ Equity– – – – – Total Non-Current Liabilities13,791 11,296 6,621 8,320 7,051 Total Liabilities39,938 38,330 36,507 32,074 29,493 Preferred Shareholder’s Equity– – – – – Common Shareholder’s Equity46,175 39,558 36,286 31,097 40,104 Common Par62,856 62,382 62,849 – – Additional Paid in Capital– – – 60,557 59,005 Cumulative Translation Adjustments– – – 149 – Retained Earnings(16,681) (22,824) (26,563) (31,114) (20,130) Treasury Stock– – – – – Other Equity Adjustments– – – 1,505 1,229 Total Capitalization51,114 43,304 36,286 31,097 40,104 Total Equity46,175 39,558 36,286 31,097 40,104 Total Liabilities Shareholder’s Equity86,113 77,888 72,793 63,171 69 Closing price =$25.51 Volume sold =25.16m Source:http://www.answers.com/main/dsdata?dsid=2940templateid=0cid=27590212qm_page=30703. [Accessed 4 April 2011]. With more descriptive statistics, we can also examine the performance of Microsoft on a monthly basis from the year 1988- 2009 using returns (unit%) See excel for descriptive statistics. Microsoft return (unit %) Market return (unit %) Mean0.021622876 Mean0.857870722 Standard Error0.00618845 Standard Error0.269942879 Median0.022084196 Median1.41 Mode0.064221396 Mode1.78 Standard Deviation0.100359793 Standard Deviation4.377737838 Sample Variance0.010072088 Sample Variance19.16458858 Kurtosis1.421423202 Kurtosis1.709578314 Skewness0.366537791 Skewness-0.812673531 Range0.751310392 Range29.51 Minimum-0.343529412 Minimum-18.46 Maximum0.40778098 Maximum11.05 Sum5.686816298 Sum225.62 Count263 Count263 From the descriptive statistics above, Microsoft has a positive skewness unlike the market whose skewness is negative, this indicates that Microsoft has a better flow or return than the market. It could also be noted that Microsoft is (1) standard deviation away from its mean whereas the market is (4) standard deviation away from its mean, this means that the returns of Microsoft had not been too volatile over the years and return on stocks are less risky. COMPARISON OF MOCROSOFT PERFORMANCE WITH SP 500 (MARKET) USING T-TEST See t-test on Excel H0: Microsoft did not outperform the market H1: Microsoft outperformed the market t-Test: Paired Two Sample for Means Variable 1 Variable 2 Mean0.021622876 0.857870722 Variance0.010072088 19.16458858 Observations263 263 Pearson Correlation0.539530773 Hypothesized Mean Difference0 df262 t Stat-3.136067434 P(T=t) one-tail0.000953757 t Critical one-tail1.650690284 P(T=t) two-tail0.001907515 t Critical two-tail1.969059657 Conclusion: From the t-Test above, since the t-stats is greater in value than the t -critical (irrespective of the -ve sign), we need to accept the alternative hypothesis (H1) which says that Microsoft outperformed the market and reject the Null hypothesis (H0) which says that Microsoft did not outperform the market. We can also infer this conclusion by looking at the P- value, here we can see that the p- value is less than the significance level of .05, therefore we need to accept the alternative hypothesis (H1). ANALYSIS OF MICROSOFT PERFORMANCE WITH CAPM Regression Statistics Multiple R0.258985259 R Square0.067073365 Adjusted R Square0.063498933 Standard Error0.185690508 Observations263 ANOVA df SS MS F Significance F Regression1 0.647027164 0.647027164 18.764764 2.11102E-05 Residual261 8.999531777 0.034480965 Total262 9.646558942 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept-0.32415329 0.011530623 -28.1123831 6.17385E-81 -0.346858177 -0.30145 -0.34686 -0.30145 X Variable 10.011371441 0.002625088 4.331831484 2.11102E-05 0.006202393 0.01654 0.006202 0.01654 CAPM :- E(R)=RF+?[RM-RF] By substituting the CAPM formula into the regression, we have Y= ?+?x+e Y = dependent variable ? = intercept ? = co-efficient of independent variable e =error When x=0, ? is an estimate of Y, then excess return of Microsoft would be given as: Excess return= -0.32415329+0.011371441+0.185690508 Adjusted R Square = 0.063498933 The adjusted R Square indicates that 6.3% of the variability in the excess return of Microsoft is explained by the market. I.e. for every percentage change of return in the market, Microsoft’s return changes by 6.3%. BIBLIOGRAPHY Andrews, Paul. How the Web Was Won: Microsoft from Windows to the Web: The Inside Story of How Bill Gates and His Band of Internet Idealists Transformed a Software Empire. New York: Random House, 1999. Consuming, Michael A., Microsoft Secrets: How the World’s Most Powerful Software Company Creates Technology, Shapes Markets, and Manages People, New York: Free Press, 1995, 512 p. Desmond, Edward W., â€Å"Microsoft’s Big Bet on Small Machines,† Fortune, July 20, 1998, pp. 86-90. â€Å"EU, Microsoft Clash Over Monopoly Ruling,† Associated Press, April 29, 2004. Evers, Joris, â€Å"Ballmer: Windows Server 2003 Does More with Less,† IDG News Service (San Francisco Bureau). France, Mike, â€Å"Microsoft: The View at Halftime,† Business Week, January 25, 1999, p. 78. Hamm, Steve, â€Å"No Letup–And No Apologies: Antitrust Scrutiny Hasn’t Eased Microsoft’s Competitiveness,† Business Week, October 26, 1998, p. 58. Higgins, David, â€Å"The Man Who Owns the Future,† Sydney Morning Herald, March 14, 1998, p. 1. Iceboat, Daniel, and Susan L. Knepper, The Making of Microsoft: How Bill Gates and His Team Created the World’s Most Successful Software Company, Rocklin, Calif.: Prima Publishing, 1991, 304 p. Ichbiah, Daniel, and Susan L. Knepper. The Making of Microsoft: How Bill Gates and His Team Created the World’s Most Successful Software Company. New York: St. Martin’s, 1991. Isaacson, Walter, â€Å"In Search of the Real Bill Gates,† Time Magazine, January 13, 1997, pp. 44+. Kirkpatrick, David, â€Å"He Wants All Your Business–And He’s Starting to Get It,† Fortune, May 26, 1997, pp. 58+. Kirkpatrick, David, â€Å"Microsoft: Is Your Company Its Next Meal?,† Fortune, April 27, 1998, pp. 92-102. Krantz, Michael, â€Å"If You Can’t Beat ‘Em †¦ Will Bill Gates’ Bailout Save Apple–Or Just Strengthen Microsoft’s Hand in the Web Wars?,† Time Magazine, August 18, 1997, pp. 35+. Manes, Stephen, and Paul Andrews, Gates: How Microsoft’s Mogul Reinvented an Industry–And Made Himself the Richest Man in America, New York: Doubleday, 1993. Mardesich, Jodi, â€Å"What’s Weighing Down Microsoft?,† Fortune, January 11, 1999, pp. 147-48. McKenzie, Richard B., Trust on Trial: How the Microsoft Case Is Reframing the Rules of Competition, Perseus Publishing, 2000. Microsoft Corporation. Inside Out: Microsoft—In Our Own Words. New York: Warner Books, 2000. Moody, Fred, I Sing the Body Electronic: A Year with Microsoft on the Multimedia Frontier, New York: Viking, 1995, 311 p. Nocera, Joseph, â€Å"High Noon,† Fortune, November 23, 1998, pp. 162+. Pollock, Andrew, â€Å"Media; Microsoft Makes Another Interactive TV Investment,† New York Times, January 24, 2000. Schlender, Brent, â€Å"What Bill Gates Really Wants,† Fortune, January 16, 1995, pp. 34+. Stross, Randall E., The Microsoft Way: The Real Story of How the Company Outsmarts Its Competition, Reading, Mass.: Addison-Wesley Publishing, 1996, 318 p. Wallace, James, and Jim Erickson, Hard Drive: Bill Gates and the Making of the Microsoft Empire, New York: Wiley, 1992, 426 p. Source: International Directory of Company Histories, Vol.63. St. James Press, 2004. http://www.answers.com/topic/microsoft#ixzz1Ia9E8U5d http://www.answers.com/main/dsdata?dsid=2940templateid=0cid=27590212qm_page=30703 http://www.bighistory.net/microsoft-a-short-history/ http://www.fundinguniverse.com/company-histories/Microsoft-Corporation- Company-History.html How to cite Financial Analysis of Microsoft Corporation, Essay examples