Description Paper of a Manager Interview - Free Essay Example

Sample details Pages: 4 Words: 1096 Downloads: 9 Date added: 2018/12/28 Category Management Essay Type Descriptive essay Level High school Tags: Leadership Essay Motivation Essay Did you like this example? Seeking a management job position be ready and considerably armed to face the wrath of a challenging and rigorous interview process. Interviewing for the position of a manager or Executive Officer is normally a different affair and experience from jobs of entry-levels. It is one of the most competitive experiences any job seeker will endure in his lifetime. This paper is consolidated paper of an interview conducted in search of manager in one of the biggest textile companies in the United States, Albany International. Personality Question and Responses 1. Are you the kind of person Albany International is missing? I am an individual of special personality with my whole workmanship engulfed with appreciating and valuing the contribution and qualities of others. My employees would openly say that the finest manager who keeps the concerns in safe hands and listens to them is me. I am a person who is a wiz in bringing understanding and order to chaos. I am a proud professional with amazing and admirable track of timely and effective deadline submissions in my previous employers. 2. How does anger affect your ability to work efficiently? I am least affected by anger. The least it may hit my human nature is handled and countered in the best professional way possible. I am a person who avoids anger by all means and costs. It is the last thing I can wish to undergo in my line of duty a manager, junior staff or even a technical expert. Everything which comes my way in order to anger me is converted to be a challenge and my proble m solving skills takes full responsibility. Don’t waste time! Our writers will create an original "Description Paper of a Manager Interview" essay for you Create order Communication Skills Questions and Responses 1. How have you shown you good communication skills in the past? My resilient communication skills have been demonstrated in both verbal and written ways. While at my previous employer, it was my role to organize and conduct brainstorming sessions and distribute post-meeting discussions and reports. In this role it mandatory for me to exercise and exhibit strong communication and diplomacy skills to ensure that the common goasl of the organization reach the diverse team members. My resilience in communication skills has significantly helped me to build, sustain and repeat my customer base as well as work efficiency within a dynamic and huge team like the one I anticipate to meet in your organization. Leadership Style Questions and Responses 1. Give an example of an experience you unexpectedly took up the role of a manager in your Leadership Journey? At my immediate job, I held the post of a sales and supply association for a similar company as Albany International. The companys overall sales were falling drastically as compared to the ones recorded in the previous quarter of the year. The then manager converged all employees in the department and asked each and every one of us to suggest a possible method to improve the periodic sales. I presented a summarized presentation on a solution I developed entailing changes in the training method used in the sales department. The management was appeased by my solution and I was given the opportunity to lead a special task force made to implement the solution. The team of six was under my leadership and the task was timely and effectively completed with the new training method ready for implementation with no delay. Ultimately, this sales solution increased and sustained th e skills elaborated by the sales personnel. The goodness of the company, the next quarter enjoyed the best level of sales in decades. A remarkable increase of 25% was recorded. I strongly believe that my spectacular and professional communication skills to both top management and the junior staff for the success of my ideologies, projects and the general output of the company or institution. 2. Which is your past toughest decision making moment in your life? In my life I have two peculiar scenes which stretched my decision making ability to the very limits. The first one befell me when I finished my 12th class and the next moment of choosing my profession was very difficult. I was locked in a dilemma to choose either degree or BTech. My parents influenced the decision and I joined degree. And the second one I about my career practice whether to choose the public sector or the private sector. These two are the worst moments of my career and education life. Motivation Questions and Responses 1. What is your Motivation tool? Doing an excellent job and attaining the desired and stipulated end results forms my primary motivation. As I enjoy the environment of working on my own projects, Im particularly appeased and equally motivated by the spirit and buzz of teamwork. It is overwhelmingly rewarding to work with a team for a common goal and purpose 2. How will you make the employees under your watch motivated? There are three key aspects which I usually employ in my engagement with the rest of the team in an organization. In my new post as the company manager I would create an environment which makes them feel others need them too, recognize them even to the individual level and being absolutely intentional with everyday and routine conversations. Task Management Questions and Responses 1. What is your Task Delegation Strategy? For every staff member I prepare detailed sheet carrying key information about relevant responsibilities and tasks together with estimated deadlines. Personalized access to every staff member to ascertain they are at harmony with the deadlines as well as answering to any uprising query over the same. Apart from that, I usually plan and schedule meetings about work in progress to check on the progress status and address arising challenges. 2. Can you tell us about your Worst Management Weakness? Sometimes in the pressure of deadline timelines I find myself in the receiving end of overlooking the marvelous and quality job of a certain employee or staff member. However, I am working an extra mile harder to ensure that everybody in my team enjoys the deserved recognition for their productive and positive contribution towards the objectives and goals of the department and company in general. 3. What actions would take upon learning t hat the subordinate are discharging their duties inefficiently? As a manager, I consider everybody working with or under me to be a typical extension of my quality and effectiveness. A discussion about any possible challenges with the affected team members on an individual level will be conducted to unearth the issues once and for all. However, if their job affects the threshold of the organization, then I carry a part of the burden of their shortcomings as my responsibility.

Macbeth Character Analysis Of Macbeth Essay - 1040 Words

Macbeth: Character Analysis of Macbeth nbsp;nbsp;nbsp;nbsp;nbsp;Macbeth was a true Shakespearean tragic hero. He had many noble qualities as well as several tragic flaws. He was a courageous, brave and good nobleman who was haunted by superstition, moral cowardice and an overwhelming ambition. Progressively through the play, his flaws started consuming his qualities until they are that can be seen of him. nbsp;nbsp;nbsp;nbsp;nbsp;Macbeth was a courageous and strong nobleman. He and Banquo were leaders of King Duncans army. His personal powers and strength as a general won him the battle as described by the captain (I,2, quot;But alls too weak:/ For brave Macbeth -- well he deserved that name -- / Disdaining fortune, with†¦show more content†¦His morals sink so low that even his enemies said quot;Who then shall blame/ His pesterd senses to recoil and start,/ When all that is within him does condemn/ Itself for being there?quot; nbsp;nbsp;nbsp;nbsp;nbsp;Macbeth had great ambition and wished to stand well with the world. He had absolutely no feelings for others and he only cared about what others would think of him. The witches prophecies only encouraged this ambition to be king. The witches who symbolized Macbeths evil ambitions put his thoughts into actual words. The idea of murder had already occurred to him (I,3, quot;great prediction/ Of noble having and of noble having and of royal hope,/ That he seems rapt withal,quot; quot;My thought, whose murder yet is but fantastical,quot; and I,7, quot;What beast wast then/ That made you break this enterprise to me?quot;). Macbeth himself acknowledged his quot;vaulting ambitionquot; that would drive him to murder after Duncan evaded fate (I,3, quot;If chance will have me King, why,/ Chance may crown mequot;) by announcing Malcolm as his Successor. nbsp;nbsp;nbsp;nbsp;nbsp;Macbeths powerful imagination made him already victim to superstition. His superstition was seen by his susceptibility to the witches influence unlike Banquo who still was not sure about their credibility. It was his superstition that made him so unquestioningly the promises of the apparitions and rest so easily assured. It was all his superstitions that madeShow MoreRelatedMacbeth s Character Analysis : Macbeth1086 Words   |  5 PagesMacbeth s Character Analysis Shakespeare presents Macbeth as a noble thane of King Duncan in the beginning of the play. The three witches tell Macbeth he will become King of Scotland; his desire and ambition to become king causes him to suffer. Macbeth’s greed causes his change in character, and this is revealed by what he says, what he does, and what others say about him. Macbeth’s changes are revealed through what he says. Thomas Thrasher said, â€Å"Macbeth is a noble character of flawless moralsRead MoreEssay Macbeth Character Analysis577 Words   |  3 Pages Character Analysis nbsp;nbsp;nbsp;nbsp;nbsp;In the tragedy Macbeth, written by William Shakespeare, many character traits are portrayed through the various characters throughout the play. Macbeth was one of Shakespeareamp;#8217;s greatest tragedies. It was completed in 1606 and was most likely first performed before King James I and his royal family at Hampton Court. King James I is believed to be a direct descendent of the character Banquo. Probably the most potent character trait expressedRead MoreLady Macbeth Character Analysis1057 Words   |  5 PagesLady Macbeth: If we look at the stage time Lady Macbeth’s character gets throughout the play, we cannot be consider her to be marginalised. Appearing in about 10 scenes, she has a great number of powerful, memorable monologues and is for all intents and purposes, the female protagonist. It is however the changes her character goes through that classifes her as marginalised. Her character is the one undergoing the greatest transformation. She begins the play with full strength and a dominating personalityRead MoreCharacter Analysis Of Macbeth1120 Words   |  5 PagesThe tragic poem of Macbeth is filled with challenges against the accepted societal norms. Macbeth was a normal man whose greed and ambition had led him to murder the king for the throne. Shakespeare often displays conflicts through characters internal battle with themselves, contemplating whether to make decisions that could alter societys view on them. One of the most significant examples of this is through the unfortunate Macbeth, who had violently forced his way into the throne. This path thatRead MoreMacbeth Character Analysis964 Words   |  4 Pages In the Shakespearean play ‘Macbeth’, the title character and his wife Lady Macbeth become the victims of the destructive force that is evil. Although the two characters shelter a sinister persona, Macbeth is less virtuous, demonstrating his villainous qualities conspicuously due to the crimes he committed that Lady Macbeth did not instigate. However, it is evident that Lady Macbeth, intertwined with other outside factors, was the primary motivation for Macbeth’s immoral inclinations, as she is viewedRead MoreMacbeth Character Analysis1102 Words   |  5 Pagestough doesn’t make you mentally strong, in the play Macbeth, there is a huge theme of manhood placed throughout. William Shakespeare is the creator of Macbeth and is a genius for placing the theme in this tragedy play. The main character, Macbeth, struggle to find his manhood. Banquo , Macbeth’s best friend, is a true man, as well as a character with the name of Macduff. In acts one through fo ur of Shakespeare’s play Macbeth, Banquo, as well as Macbeth and Macduff, will show or try to prove their manhoodRead MoreMacbeth Character Analysis928 Words   |  4 PagesA story is only as good as the characters within them, and in the case of William Shakespeare’s play Macbeth, countless individuals are used to progress the tragedy of the disaster that is Macbeth. Lady Macbeth assists in her husband’s inevitable demise by initially providing the reprehensible plan to murder Duncan, and by lowering her husband’s confidence with criticism. Early on in Shakespeare’s play, Macbeth receives a mysterious message from three witches, promising his title as Thane of CawdorRead MoreMacbeth Character Analysis747 Words   |  3 Pageshalf by supernatural force and half by your own action, because sometimes people can make their decisions and that will affect their destiny. In â€Å"Sports Genes†, â€Å"Into the Wild†, and â€Å"Macbeth†, the main characters all made their own choice but there were still outside forces that effected their decisions. In â€Å"Macbeth† although he made his own decisions of doing all the bad things he is doing, but the witches are the ones who affected his decisions and made him do all the things. In â€Å"Sports Genes†Read MoreCharacter Analysis Of Macbeth864 Words   |  4 PagesIn Macbeth, Shakespeare proves the motif of â€Å"Fair is foul, and foul is fair† (Shakespeare 1.1.11) through the characterization of Macbeth. Macbeth was seen as a selfl ess, brave soldier to the readers but, with the contrast of his current characterization, readers have a sense of Macbeth’s darker characteristics. Because of his thirst for power and his ambition, Macbeth begins to tread along a wicked road. Readers are able to compare this change to Lady Macbeth as Shakespeare depicts her as a darkRead MoreMacbeth Character Analysis850 Words   |  4 Pages Macbeth is portrayed to be a very evil character throughout the play of Macbeth. The most back stabbing scene in the play is when Macbeth murders King Duncan, But the real evil genius behind the murder is Lady Macbeth, who forced Macbeth to kill King Duncan, which brings up the argument, whos responsible for the murder of King Duncan? A Lot of people also ask, who’s more evil? Macbeth, or Lady Macbeth? Macbeth may have been the one who stabbed Duncan in the back and killed him, but Lady Macbeth

Analysis of Government Guaranteed Bonds †MyAssignmenthelp.com

Question: Discuss about the Analysis of Government Guaranteed Bonds. Answer: Introduction The aim of this report is to focus on the economic environment and socio cultural trends in Japan that affects the craft beer industry in Australia. The economic environment refers to the various factors in the business market as well as the broader economy that affects the particular industry. The economic environment is basically classified into two types that includes- microeconomic environment and macroeconomic environment. Microeconomic environment influences the decision making of the business organizations that involves- actions of the each organization and consumers. On the other hand, macroeconomic environment impacts on the whole economy and each participants. Numerous economic factors mainly act as an external constraint on the business organizations (Prajogo, 2015). Social- cultural trends refer to the factors that affect the business organizations. These factors include customs traditions, consumers behavior of that specific country, fashion trends and activities in the market affecting the actions as well as decisions of the business. Socio-cultural perspective has been one of the vital factors that affect the decision of managers and the strategic target of the entities entering international market. One of the main socio-cultural factors that influence the business organization is the legal factors. Appropriate factor identification while analyzing the business strategically might lead to good strategic companys alignment to the society. This report highlights on the economic environment and social cultural trends of Japan that affects their craft beer industry. In this study, Japan has been chosen as the nation at which Australias craft brewery industry must expand their business. Craft beer industry in Japan can achieve success in this nation owing to its diverse beverage industry. The organic beer has been one of the Japans culture since time immemorial. In addition, microbreweries have gained huge popularity since the year 1994 as it supplies diverse tasting beers with huge style variety that seeks in matching the stress on craftsmanship, ingredient provenance and quality. It has been noted from the recent study that Japan has been one of the largest consumer of beer and has been ranked seventh largest in the year 2014.There are mainly five domestic beer producers that dominates 92% of this market in Japan. At present, these producers are now looking for investment opportunities in the overseas and produce diversifying their products. Japans economic environment influences the craft brewery business organization that operates in this nation. Macroeconomic environment are mainly huge economic factors that affect the whole economy and the business organizations either in direct or indirect way. These factors includes- Interest rates, Inflation rate, Taxes, exchange rate, rate of unemployment, savings rate, recession, depression, level of consumers confidence and discretionary income of the consumer. On the other hand, microeconomic factors that affects the business organizations includes- size of the market, demand, supply, rivalries, suppliers and distribution chain. The government of Japan has introduced economic policy, which is known as Abenomics with the help of three ways that includes monetary easing, structural change and flexible fiscal policy. This economic policy has helped this nation in stabilizing its exchange rate, stock market, improved corporate investment and enhanced business operations. In addition, the increase in consumption tax rate also adversely affected the profit margin of the business. The Japan ese government has also increased the Value added Tax (VAT) to 10% this year in order to boost growth of the business. The Australian craft beer industry must focus on both the microeconomic and macroeconomic factors before taking the decision of expanding their business in Japans market. The macroeconomic factors are explained below: Rate of inflation The rate of inflation refers to the sustained rise in the general price level of products and services that leads to decrease in purchasing power of the respective country. The central bank of Japan attempts in keeping inflation within the target level for stabilizing the economic growth of the nation. High inflation rate adversely influences the economic environment as the consumer expenditure on products and services decreases. The economy of the respective nation slows down owing to low consumer expenditure of commodities and services. On the contrary, deflation refers to decline in level of product price owing to decrease in consumers purchase and money supply (Ferraro Briody, 2017). Although this benefits the consumers, the unemployment level increases owing to decrease in business expenditure. The Government of Japan has set the target of inflation rate at 2% in order to run the economy in smooth way. Recent statistics reflects that the rate of inflation in Japan has shown sli ght variation over the years and has been below the target rate. In the year 2017, the inflation rate in Japan has slightly expanded from the previous year. As a result, the prices of breweries rise and hence the Japanese government strategized to increase sales tax. Though the price increased slightly, it did not affect the purchasing power of consumers. However, the craft brewing industry invests more in producing their product and this improved their overall productivity. The Bank of Japan (BOJ) has reduced the rate of interest to 0% and this made the currency of Japan more cheaper to the business or the individuals. Due to this low interest rate, the individuals and the business organizations preferred to keep the money in cash instead of depositing in the bank. However, this created difficulty for the craft beer companies as they had no means in transferring the funds from Yen (Japanese currency) to other currencies. On the contrary, this implementation of zero interest rate has encouraged the craft brewery business in spending or investing it in other business activities. In addition, this low interest rate enhanced the business confidence of Japan, which in turn improved their overall productivity. Moreover, it also encouraged this brewery firms in investing in riskier assets in order to secure return that potentially drives new bubbles in asset. Hence, this increased the profit margin in the craft brewery business. The craft brewers mainly accounts for 2% of the total beer sale in this nation. However, it has been reflected from recent study that tax incentives have benefitted the bigger brewery companies and hence allowed the other substitute products in dominating the Japanese market due to less cost (Lambert Schwieterman, 2012). Meanwhile, the finance industry in Japan has changed the tax rate in order to enhance competitiveness of the craft beer industry in this country. In addition, the firms in this industry attained huge profit from the increasing tax rate as the products were sold at high price. It has been forecasted by the some economist that leveling of tax will increase the growth of this industrys craft brewers in the year 2018. Volatile rate of exchange in this country has put the business activities at risk. In addition, this exchange rate has influenced the craft brewerys operating profits that have no international exports but this face vital foreign competition in the domestic market. As the craft brewery industry also operates in the global market, fluctuations in currency exchange rate adversely affects the business. However, as the firms exchanges beer products across borders, this leads to involvement of two currencies. Thus, volatile exchange rate in Japan leads to profit or loss for this particular business. Recession or financial crisis adversely affects the craft beer industry in Japan. Recession is the phase when the GDP growth rate, income, manufacturing as well as retail sales of the economy declines over the certain period. During this period of financial crisis, the sales revenue as well as profit of craft beer companies declines. As a result, the beer producer reduces hiring of new employees in business (Kose, Otrok Prasad, 2012). In addition, the producers stopped in producing new beer product and this aids in attracting less number of customers in business. The companies in this industry reduced their marketing as well as advertising expenditures, which in turn leads to loss of new as well as old customers in the business. Moreover, the quality of beer also declined in this nation owing to this financial crisis. Individuals discretionary income is defined as the income of the consumer that has been left for expenditure and saving after giving taxes and for personal necessities that includes food, shelter and clothing. It includes the amount spent on the luxury goods and clothing. As discretionary income shrinks amid the loss in job or decrease in pay, the business organizations that sells discretionary product suffers the most during recessionary period (Wetherly Otter, 2014). The craft beer business mainly focuses on the discretionary income of the individual because this amount of money that the individuals have left in order to purchase the non essential commodities and services. Due to increase in discretionary income of the individual in Japan , the craft beer firms attains higher profit as they purchases the beer product with their left amount of money. Market size refers to the total number of people in the particular market who are mainly the potential customers and sellers of a specific commodity. The organizations focus on the market size before expanding their business or launching their product in that nation. Japan is mainly driven by middle class customers and hence is the leading nation of consumer as well as producers of the commodities and services. However, they exerts significant influence in the global markets. The market size of craft beer industry in Japan has been expanding over the last few decades. In addition, the Japanese microbreweries have also expanded that was mainly utilized in trading the craft beer product at international level (Kumar, Gaur Pattnaik, 2012). Eventually, the small breweries have also improved their business by producing high quality commodities and providing quality service. The craft beer industry in Japan has a wide variety of beer types which is available at various prices. This however means that every segment of the beer market of this nation reacts to various economic cycles. As a result, both the demand and supply of various types of beer product changes according to the economic condition of Japan. It has been opined by Olajire (2012), brewing industry in Japan has been considered as recession proof. During the recession phase (2008-2009), the demand for this craft beer product in Japan reduced slightly as the consumers switched from high expensive beer to less expensive ones. Moreover, there was no decrease in supply of beer product at that phase. Now, in this expansionary phase the manufacturers of this industry have increased their production owing to increase in demand for the craft breweries and microbreweries. However, both these product have become highly expensive due to rise in demand. As a result, the large brewers of this industry atta ined huge benefits from this economics of scale. The competitors play a vital role in business success as increase in competition leads to improvement in product quality. There are several competitors in the craft beer industry in Japan. The competitors in this industry are mainly of two types that includes small breweries and large breweries. This means that small breweries faces huge competition from the large breweries with respect to types, quality and pricing of beer product. Owing to this increase in competition, the small breweries develop or innovates good quality beer product at low price in order to compete with large breweries. Suppliers influences the financial performance of business in direct way. They play a vital role in providing good quality product to the firms. This facilitates the firms in maximizing profit and attains good reputation (Hede Watne, 2015). It has been noted from the recent study that craft brewer industry has expanded for the last few decades due to new product development by the suppliers. Besides producing new product, they also provides it with high quality in order to help the firms in attracting new customers and attaining higher profitability. Distribution chain refers to the chain of intermediaries through which the product reaches to the customers end. This chain includes wholesalers, suppliers, distributors and online services. These four tier distribution system provides challenges to the small brewery firms those who are looking for expanding their business in the global market (Harrison, 2013). As the small brewery firms invest less money in distribution chain, they cannot supply the product to all consumers through online services. As a result, this benefitted the large craft beer firms in this industry as they provides the product to the customers through their own website and also attain feedback from them. This feedback facilitates the beer firms in improving the quality and design of the new product. Hence, this distribution chain helps the large companies in attaining competitive advantage over the rivals. Socio-cultural factors of Japan that influences Craft Beer industry Every business must consider socio-cultural factors of the respective nation in order to attain high revenue from the sale of product. Change in society and peoples culture of a specific nation influences the business and hence the firms should consider these two factors in order to compete with their rival firms. There are various socio-cultural factors that influences the business organization and thus the Australian craft beer company must focus before expanding their business in overseas (Hamilton Webster, 2015). These factors includes- changing consumers preferences, demographics, methods of advertising, internal business environment, communication means, consumers purchasing power, education of the consumers and growth rate of the population in Japan. These factors are illustrated in following way One of the vital socio-cultural factors that affects the craft beer business in this nation is changing consumers preferences. As the craft beer falls under the luxury good, the consumers preference matters the most to the firms in this industry. It has been seen from the recent study that the preference of the consumers has changed over the last few years. Moreover, different styles as well as priorities of the consumers help the firms in producing the beer product accordingly. Hence, this facilitates the firms in attaining the customers loyalty and trust. Variation in demographics has also been considered as the vital factor in the global business market. This means that changes in gender proportion and various religious as well as ethnic groups also have significant influence on the craft beer industry. Japan is one of the densely populated country in the globe (Craig Campbell, 2012). The size of population and density of this nation is extreme and this significantly impacts on the business in host of areas. It has been noted from the recent statistics that increase in total population in Japan positively affects the business growth. This is because the demand of beer products increases owing to increase in population in Japan. Moreover, gender variation also does not affect this industry as both the female and male persons consume this product. Advertising method are closely related with the socio-cultural changes. The firms focus on the rivalries action and target customers before advertising the product in the market (Cai Yang, 2014). As there is huge middle class consumers base in this nation, the craft beer firms of this nation chooses to promote the products both in traditional as well as online mediums. In addition, this enhances the growth of each firm in this industry. However, the business owner of craft beer industry should understand the appeal of Jaapnese that dwell in the community in that place where the firms is to site. Now, they plan their advertising method accordingly in order to conform to their peoples language. Internal business environment The interaction of the craft beer company with its customers and stakeholders also influences the decision making procedure of the organizations. The firms in this industry choose to interact with their customers through online mediums (Babatunde Adebisi, 2013). In addition, the decisions of the stakeholders are taken into account while producing new types of beer product. However, the internal business environment in this industry has been quite good and hence this helps the company in expanding their business. Communication means refers to the communication style of the employees of firms through which they interact with their customers. People from different countries are hired by this craft beer industry of this country. In addition, the languages spoken by them help in interacting with the customers in order to attain feedback on each product. The purchasing power of the consumer also influences the business organization. As this industry has huge middle class customers base, the firms in this industry sets the price of each type of beer product by focusing on their purchasing power. This facilitates the firms in increasing their overall sales and maximizing profit. Moreover, this strategy helps the craft beer firms in enhancing their financial performance over the years. Each firms in this industry tries to provide knowledge about the products to their customers. For this, the education of the customers matters the most. Highly educated person tries to achieve knowledge about the various types of beer product before purchasing it (Aronczyk, 2013). However, if the consumers do not have any education, then this faces difficulties to the firms as lots of time of the employees engages into explaining about the product. The players in this industry invest their timer in educating the customers for informing them the best method in consuming this product. In Japan, the two main social drivers behind this increasing trend of craft beer are accessibility of the products as well as information through internet and varying taste of the Japanese. The bulk of consumers of craft beer are younger age, which is below 40 years and they consumes this product as social trend by obtaining information through social trend. Most importantly, the craft beer industry in Japan has been attracting international brewers those who are committed to this industrys long terms future (Aquilani et al., 2013). Due to advancement of technology over the last few years, the Japanese order this product through online mode. The changing taste of Japanese people affects this industry in positive way. This means that changing consumers palate forces the industry in producing different flavors, which provide their customers utter satisfaction. Recommendation on which Japan can be potentially attractive for expansion of business Although the craft beer industry in Japan has been booming over the last few years, it is basically a fraction of the beer market (Alexander, 2013). The recommendation on which Japan can be potentially attractive to the Australian craft beer industry for expanding their business are given as under- As the industry is building up organizational capabilities as well as production capacities, it improves their business operation Maintaining close relation with both the domestic suppliers as well as consumers helps the industry in attaining higher profitability As this nation has various treaties with other nations, the foreign investors invest huge amount in this industry that further enhances their productivity As sales tax is high in this nation, this industry maximizes profit in every product This nation has favorable business environment Ageing population growth offers new opportunities to the business for development of product and providing quality service Low rate of interest and high purchasing power Furthermore, the Australian craft beer industry must focus on both the economic environment and socio-cultural trends before expanding their business in Japan. Conclusion At present, Japan has been experiencing the beginning of its second phase of microbrew boom through their renewed interest of consumers, convergence of craft brewers, increasing cost of import. This is making the craft beers of this nation more affordable for their customers. Huge number of craft brewers in this industry attempts in venturing overseas by building capabilities for meeting domestic as well as global demand for this product. From the above study, it can be concluded that the economic environment and socio-cultural trends are favorable for doing business in this nation. Advancement of technology in the craft beer industry helps the firms in enhancing productivity. Moreover, inclusion of customers in development of products decision making procedure facilitates in improving their product quality. In addition, other competitors in the market create huge competition within the industry. As a result, this helps the firms in developing good quality and innovative product. Thi s development of new product helps in attracting new customers in business, which in turn leads to higher profit. Foreign investment also expands the business in the global market. References Alexander, J. W. (2013).Brewed in Japan: The evolution of the Japanese beer industry. UBC Press. Aquilani, B., Laureti, T., Poponi, S., Secondi, L. (2015). Beer choice and consumption determinants when craft beers are tasted: An exploratory study of consumer preferences.Food quality and preference,41, 214-224. Aronczyk, M. (2013).Branding the nation: The global business of national identity. Oxford University Press. Babatunde, B. O., Adebisi, A. O. (2012). Strategic Environmental Scanning and Organization Performance in a Competitive Business Environment.Economic Insights-Trends Challenges,64(1). Boj, J., Mler, K. G., Unemo, L. (2013).Environment and development: an economic approach(Vol. 6). Springer Science Business Media. Cai, S., Yang, Z. (2014). On the relationship between business environment and competitive priorities: The role of performance frontiers.International Journal of Production Economics,151, 131-145. Craig, T., Campbell, D. (2012).Organisations and the business environment. Routledge. Epstein, M. J., Buhovac, A. R. (2014).Making sustainability work: Best practices in managing and measuring corporate social, environmental, and economic impacts. Berrett-Koehler Publishers. Ferraro, G. P., Briody, E. K. (2017).The cultural dimension of global business. Taylor Francis. Hamilton, L., Webster, P. (2015).The international business environment. Oxford University Press, USA. Harrison, A. (2013).Business environment in a global context. Oxford University Press. Hede, A. M., Watne, T. (2013). Leveraging the human side of the brand using a sense of place: Case studies of craft breweries.Journal of Marketing Management,29(1-2), 207-224. Hill, C. W., Cronk, T., Wickramasekera, R. (2013).Global business today. McGraw-Hill Education (Australia). Hoalst-Pullen, N., Patterson, M. W., Mattord, R. A., Vest, M. D. (2014). Sustainability trends in the regional craft beer industry. InThe geography of beer(pp. 109-116). Springer Netherlands. Kew, J., Stredwick, J. (2017).Business environment: managing in a strategic context. Kogan Page Publishers. Kleban, J., Nickerson, I. (2012). To brew, or not to brew-That is the question: An analysis of competitive forces in the craft brew industry.Journal of the International Academy for Case Studies,18(3), 59. Kose, M. A., Otrok, C., Prasad, E. (2012). Global business cycles: convergence or decoupling?.International Economic Review,53(2), 511-538. Kumar, V., Gaur, A. S., Pattnaik, C. (2012). Product diversification and international expansion of business groups.Management International Review,52(2), 175-192. Lambert, D. M., Schwieterman, M. A. (2012). Supplier relationship management as a macro business process.Supply Chain Management: An International Journal,17(3), 337-352. Murray, D. W., O'Neill, M. A. (2012). Craft beer: Penetrating a niche market.British Food Journal,114(7), 899-909. Olajire, A. A. (2012). The brewing industry and environmental challenges.Journal of cleaner production. Panayotou, T. (2016). Economic growth and the environment.The environment in anthropology, 140-148. Popescu, G. H. (2013). Macroeconomics, effective leadership, and the global business environment.Contemporary Readings in Law and Social Justice,5(2), 170. Prajogo, D. I. (2016). The strategic fit between innovation strategies and business environment in delivering business performance.International Journal of Production Economics,171, 241-249. Schuster, P., Uhrig-Homburg, M. (2013). The term structure of bond market liquidity conditional on the economic environment: An analysis of government guaranteed bonds. Wetherly, P., Otter, D. (Eds.). (2014).The business environment: themes and issues in a globalizing world. Oxford University Press. Wild, J. J., Wild, K. L., Han, J. C. (2014).International business. Pearson Education Limited.

Business and IT

Question: Discuss about the Business and Information Technology ? Answer : Introducation Information Technology (IT) is vogue today. It is penetrating in the lives of every generation. Everyone is using it for various purposes but the younger generation uses it the most. Thus generation has the glimpse of IT in all the work indulging daily life as well as the professional sector (Hamel Prahalad, 2013). Earlier IT was not in much trend and thus, people used o do the work differently. Today, the way younger generations work is different from that of the older one. The differences between their ways of working are- Earlier, people used to do all the works manually, but now no one is done so. People do not prefer pen and paper work anymore. Everyone looks for digitalized things. Earlier there were mangers for every field but today the managers are replaced by systems (Crain, 2015). Computers do all the work that people used to do. Arising opportunities Use of technology increases the transparency between firm and the customers and also in every level of employees. Also, it saves great amount of money and thus enabling the firm to utilize the money in other sectors. Arising difficulties The older generation might not know the proper use of technology and thus gap may arise between the generations giving rise to many other issues. The environment of the firm may get spoilt because of this. Thus, use of IT must be done in an organization with proper assistance and surveillance keeping the older generations in mind. References Hamel, G., Prahalad, C. K. (2013).Competing for the Future. Harvard Business Press. Crain, W. (2015).Theories of development: Concepts and applications. Psychology Press.