The Timeless Power of Les Miserables Essay example -- Les Misérables M

The Timeless Power of Les Miserables      Ã‚  Ã‚   The book Les Miserables, written by Victor Hugo in 1862, created a sensation throughout the world (Royston and Schlesinger 2). That impression continued through theatrical productions and most recently the musical, but the book contains greater detail and adds a deeper understanding of Hugo's epic story than the movie or musical portray. Regretfully, few people in World society take the time to relish this masterpiece. Living in a fast paced world, many people today consider reading a time-consuming, senseless activity, and those who still read most likely choose a shorter novel rather than the 1500 page story of Les Miserables. However, the author states, "I don't know if it will be read by everyone, but it is meant for everyone" (Royston and Schlesinger 2). This statement applies to this time period as well. The sincere characters, intriguing sub-plots, and moral theme of Les Miserables relate to people today even 130 years after its publication.    Popular characteristics that today's reader admires coincides with the characteristics of the characters in Les Miserables. Readers look for a hero that they relate with, so the hero who possesses admirable qualities as well as demeaning faults appeals to most people. The heroes of Les Miserables, Jean Valjean and Marius, both portray average men with flaws in their character. Jean Valjean, the main character, steals from a bishop who treated Valjean decently when other people only saw him as a convict. This single act makes Valjean appear ruthless, but later in the novel, his eagerness to help people and his willingness to accept punishment makes Valjean's error seem trivial. Valjean's mistake secures his r... ... and moral theme. Written over 130 years ago, it remains influential even today. Although the book requires an immense amount of time to read, the outcome proves beneficial and invigorating to anyone who chooses to embark on the adventure of Jean Valjean's life in Les Miserables.    Works Cited Hillis, Newell Dwight. Great Books as Life-teachers: Studies of Character, Real and Ideal. New York: Fleming H. Revell Company, 1899. Grossman, Kathryn M. Les Miserables: Conversion, Revolution, Redemption. New York: Twayne Publishers, 1996. Lee, Rob. The Barricade on the Rue de la Chanvrerie: Les Miserables - The Novel. Internet. 1997. Available: www.users.cloud9.net/~rlee/lesmis/welcome.htm. Royston, Peter and Sarah Schlesinger. About the Novel Les Miserables. Internet. 1997. Available: www.lesmis.com/inspiration/author/aboutnovel.html.   

Case-8-Accra-Beach-Hotel Analysis

Mc Donald’s and Subway Services Marketing 2011 Submitted By: Ankit Singh Mc Donald’s and Subway Table of Contents CORE SERVICE AND VARIOUS SUPPLEMENTARY SERVICES†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 FACILITATING SERVICES †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 8 ENHANCING SERVICES †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 0 HARD AND SOFT SERVICE STANDARDS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 11 CHANNELS OF SERVICE DELIVERY †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 14 COMMUNICATION MIX †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 16 SERVICE BLUEPRINTING†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 1 SERVICESCAPE †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 23 SERVICE QUALITY GAP MODEL AND QUALITY DIMENSIONS †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 28 PRICING STRATEGY †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 35 Critical Analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2 3 Mc Donald’s and Subway Table of Figures Figure 1: SubWay – Flower of Service †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 Figure 3: Facilition Services †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 7 Figure 2: McDonald's – Flower of Service †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Figure 4: Communication Mix †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 16 Figure 5: Role Of Communication Mix †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 19 Figure 6: McDonald – Go Global Act Local †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 20 Figure 7: Mc Donald's Blueprint †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 Figure 8: Subway-Blueprint †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 22 Figure 9: Service Gap Model†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 28 Figure 10: Characteristics and Evaluation Outcomes †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 29 Figure 11: Strategies to influence expectations †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 0 Figure 12: McDonald's Pricing †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 36 Figure 13: SubWay Pricing †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 38 Figure 14 : SubWay & Mc Donald ‘s Pricing Strategies†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 41 4 Mc Donald’s and Subway CORE SERVICE AND VARIOUS SUPPLEMENTARY SERVICES SUBWAYSUBWAY has come a long way in India since it opened its first restaurant in India. Young Indians have warmed to the image of the American chain, and made it one of their favorite places to swarm to, and hang out in. Subway has very successfully entered the Indian market and sustained its growth by developing a unique menu to appeal to the Indian taste. If you are a foreigner visiting India, you might be interested in indulging in some of the Indianite treats at Subway — for example, the legendary paneer tikka sandwich. Also, as an Indian you might be interested in some of Subway’s Continental trea ts like the Italian B.M. T. Subway offers a wide variety of submarine sandwiches and salads on its menu. It offers an assortment of vegetarian and non-vegetarian fares. They also cater to the health-conscious customers by providing them with 97% fat free subs. Subway offers a separate specialty menu for breakfast. Apart from subs and salads, they also provide side dishes like cookies, desserts and beverages. Subway allows customization of sandwiches by offering a variety of gourmet breads, different kinds of flavored meat, fresh and exotic vegetables and variety of sauces, both low and high calorie.Following the â€Å"Think Global, Act Local† policy, it offers ingredients specific to the locations; for instance, it offers Halal meat in Hyderabad. MCDONALDS McDonald's is without a doubt the world's largest and fastest growing restaurants in the world, serving food and drink to 38 million customers daily. Right from its inceptions through being multi-billion dollar quick servic e restaurant, hamburgers and fries have always been at the front of McDonald's menu. However, their menu has expanded keeping the taste and the lifestyle of the local customers in mind.Its extensive menu also offers a full range of desserts, hot and cold drinks to cater to everyone. McDonalds underlying strategy for success in the Indian market is- â€Å"Local sourcing is the key for Truly Indian products†. Prior to its launch into India, it invested six years to develop its unique cold chain, 5 Mc Donald’s and Subway enabling customers to enjoy highest quality products, absolutely fresh and at a great value. Keeping the culture of India in mind, McDonalds does not offer any beef or pork items. It has developed a specialty menu unique to the Indian palate with a variety of vegetarian and non-vegetarian selections.They are also conscious enough to prepare vegetarian food separately and this separation is maintained throughout the various stages of preparation. So much s o that the mayonnaise and the soft serves are also 100% vegetarian and its uses only vegetable oil as a cooking medium in India. They also have an exclusive menu for breakfast. McDonalds also caters to the tastes of the local people. In Hyderabad, they offer â€Å"Halal Meat† for the non-vegetarians which they quite explicitly convey to its customers through a signage.The efficiency with which the staff at Subway and McDonalds serves the customers is enhanced by the range of services that supplement the core service. Following the flower of services approach, the given figure shows the services that support the core service at Subway. FLOWER OF SERVICE FOR SUBWAY Figure 1: SubWay – Flower of Service FLOWER OF SERVICE FOR MCDONALDS 6 Mc Donald’s and Subway Figure 2: McDonald's – Flower of Service These services can be broadly classified as facilitating and enhancing services: †¢Information †¢Ordertaking †¢Billing †¢Payment Facilitating Enhancing Figure 3: Facilition Services Consultation †¢Hospitality †¢Safekeeping †¢Exceptions 7 Mc Donald’s and Subway FACILITATING SERVICES INFORMATION Information to customers at Subway is provided through different ways: Directions: in case of Subway, they provide a signage to direct the customers to the vegetarian and the non-vegetarian counters. Also, both Subway and McDonalds have user-friendly websites wherein customers can log on from any place at any time to locate their nearest stores. Prices: Prices of the different items of food available at both Subway and McDonalds are displayed on a display board. Apart from that it also displays he prices of the other side dishes which the customer might want to buy. Instructions on using core product: Since Subway is a made-to-order restaurant where a customer has full freedom to customize his sandwich, for a first-time customer, there are instruction sheets at both, vegetarian and the non-vegetarian counters t hat instruct the customers on the steps to follow to place an order for a sandwich. It also lists down the variety of ingredients and gourmet breads that it offers to its customers. Notifications: At Subway, they are prompt enough to notify its customers of any technical problems that might bring inconvenience to them.At times, when the toaster is not in working condition, they put up a notice communicating the same. Both Subway and McDonalds also notify the customers of any promotional or â€Å"combo offers† for the day through posters and leaflets. They allow customers to sign up for offers on the net to get regular notifications on current offers and current news on Subway. Conditions for service: At McDonalds, they promise to deliver the order within minute, at particular time slots, else they give a soft-drink free to the customer.This information is very explicitly visible to make sure that no customer misses to notice it. ORDER FULFILMENT 8 Mc Donald’s and Subwa y The order entry methods followed at Subway are: On-site order fulfillment: Here the customers are served immediately as the orders are placed. Once the customer has decided what to eat, that is, a sandwich or a salad, he moves on to the next step where he chooses bread from a variety of gourmet breads for his sandwich. He also decides the size of the sandwich he would like to have, that is, 6-inches or foot-long.In the next step the customer gets the option of adding extra ingredients to his/her sandwich like double layers of meat or extra cheese for better taste. He then chooses the assortment of vegetables he would like to have. The last item on the list of ingredients is the variety of sauces that subway offers. The customer might want to supplement the sub or salad with his choice of drinks. At McDonalds, they follow an on-site order fulfillment method too, where they promise to deliver the orders in a minute, else they give a soft drink free.McDonalds also allows its customer s to enjoy its meals while they are on their move. Through â€Å"McDonalds Drive Thru†, customers enter the â€Å"drivethru†, place their orders and pick then up within minutes. Web-site order placement: McDonalds allows its customers to become members which in turn helps them place orders online. Telephone order placement: Subway also promises an express delivery facility to offices and home which allows customers to place orders through phone. McDonalds provides home delivery service to its customers with no restriction on the minimum order.However, they charge an additional fee of Rs 20/- per order irrespective of its size. BILLING The billing process goes very systematically. A typical customer would start by placing orders looking at the display board. As he makes his order, the amount due is displayed on the machine after each item is entered. Once all the items have been recorded, the billing machine displays the total amount due. The person who is recording als o verbally states the amount due as a confirmation. The invoice is generated and the payment is made.The billing process uses all the four elements, namely 9 Mc Donald’s and Subway Invoice for individual transactions Verbal statements of amount due Machine display of amount due PAYMENT Payment at both Subway and McDonalds is done using the conventional method of payment through cash or card. The customer is allowed to make payment through credit card only above billing of a certain amount. Also, they provide coupons and vouchers through newspaper inserts, which can be redeemed by the customers. ENHANCING SERVICESCONSULTATION The staff at the counter provides customized advice to customers who are visiting both Subway and McDonalds for the first time. They also help customers decide on what orders to place and which combo offers to avail. HOSPITALITY Subway is seen as a place to hangout with friends. Customers, mostly the younger generation go to Subway when they need to sit, eat and drink with their friends. Also, a Subway outlet is usually never jam-packed with customers, hence there is never a queue to enter or place orders. Thus, there is never a need for waiting space.The customers could also sit for as long as they want without being asked to leave. McDonalds offers high quality products at affordable prices which it promises to serve on time. They have a policy of greeting every customer with the traditional â€Å"Welcome to McDonalds, How may I serve you†. A lot of importance is given to the smile during the greeting. Each McDonald’s outlet has a washroom for must. 10 Mc Donald’s and Subway SAFEKEEPING Subway provides the perfect ambience by ensuring that the outlets are clean, the seats are wellspaced out and it allows the customer to sit back and relax.Their packaging for take always is also ecofriendly and attractive. McDonald's is driven by the philosophy of Quality, Service, and Cleanliness & Value for Money. This transl ates into a commitment to provide customers high quality products, served quickly with a smile, in a clean and pleasant environment at an affordable price. This effectively means that the McDonald's menu is priced at a value that the largest segment of the Indian consumers can afford while at the same time ensuring that quality is not sacrificed for value. The packaging at McDonalds for orders ike â€Å"Happy Meals† which most of the times contains â€Å"happy Toys† and other such items are a major attraction for the kids. These Happy Meals have different toys which when collected will form a set. This in turn, attracts children and increases the sales. EXCEPTIONS Subway caters to the needs of the health conscious customers by providing them 75% fat-free subs and salads. Also, Subway has a policy of getting a feedback form filled by its customers. HARD AND SOFT SERVICE STANDARDS MCDONALDS McDonald’s aims to provide 100 percent total customer satisfaction.In orde r to achieve this goal , McDonald’s relies on its operating philosophy based on QSC & V – Quality, Service, Cleanliness and Value. McDonald’s believes that customer satisfaction is crucial to the success of the brand and all restaurants must perform to the standards. These standards are used in both company owned and franchised restaurants. QUALITY Hard Standards: 11 Mc Donald’s and Subway Best ingredients: This is achieved by its commitment to sourcing all its requirements from local farmers and suppliers. Before entering India, the company spent six years and Rs. 50 crore to set up its supply chain. In India McDonalds pioneered the cold chain management which helps keep vegetables and processed products safe for a longer time. Potato farming in Gujarat Radhakrishna Foodland (Distribution partner) focused all its resources to meet McDonald's expectation of ‘Cold, Clean and On-time Delivery’. Trikaya Agriculture (Supplier of fresh Iceberg let tuce) uses a cold chain to store and transport lettuce to maintain freshness all year round. Pre-cooling rooms ensure field to 2 degrees in 90 minutes.Dynamix Dairy (Supplier of cheese) has a completely computer controlled automation equipment to supply cheese to McDonald’s. Vista Processed Foods Pvt. Ltd (Supplier of chicken and vegetables) has storage facilities to maintain temperatures as low as -35 degrees to ensure freshness. Preparation Standards: Best quality standardized ingredients ensure standardized preparation standards can be followed. Every product has a fixed procedure of preparation. However, newer McDonald’s stores offer MFY (Made for You) where the product is made only after the order is placed. Other standards: Use FIFO (First in First Out) for all inventories.Reverse osmosis water treatment plant – best technology for water purification at every outlet to provide water. Strict standards for vegetarian products including eggless mayonnaise and eggless icecream. SERVICE Some soft standards followed by McDonald’s staff are Welcome every customer with a smile and are genuinely friendly at all times 12 Mc Donald’s and Subway Deliver consistent standards of hospitality Seize opportunities to interact with customers in a personal and positive way Be well informed about product contents and nutritional information Always appear clean and well groomed.Hard standards Serve fresh and hot Serve within one minute of receiving order or give a free coke. This is implemented in a few outlets and is not applicable during peak hours. Cleanliness and Hygiene The counters, tables, floor area are to be kept clean at all times. All staff required to cover their heads and wear gloves when within preparation area. All these standards are evaluated by mystery shoppers and rated. This is called a RVR Restaurant Visitation Report) which provides a snapshot of the stores performance over a period of a few hours. The stores are graded either A, B, C or F.SUBWAY No information is available on the hard standards followed by the company. Below are some soft standards Subway has laid out. Quality All material, vegetables, sauces, meat and cheese have to be sourced from the supplier certified by Subway. Franchises cannot procure from other non-certified suppliers. All material has to be stored at specified temperatures to ensure freshness. All franchises are required to abide by the Gold Certification standards of Subway. Cleanliness All employees must at all times wear gloves while making a sandwich or handling material.All employees must at all times wear a plastic covering their hair to ensure hygiene. Service The employees should greet the customer with a smile. 13 Mc Donald’s and Subway They should help customers choose combinations to customize their Subway Sandwich by making suggestions. During calls for home delivery, all the requirements of the customer should be attentively noted and followed. CHANNE LS OF SERVICE DELIVERY SUBWAY Subway uses Franchising as its channel of delivery. Subway currently has 35340 restaurants in 98 countries. This is being followed by Subway from its inception.As all franchisers, Subway requires each store to operate by the strict standards of quality, service and cleanliness defined by the company. The Subway franchise ensures that safety measures are taken by all its franchisees to provide quality food. All employees need to use gloves at all stages of food handling. Members of the specialty food franchise have to attend a training course in their local area in order to provide needed information to their employees on this regard. Fresh food stock preparation and temperature regulation helps the fast food franchise to keep up its high standards of hygiene.It is to provide the necessary specifications on the levels of cleanliness to be maintained by franchisees that the Subway franchise initiated â€Å"Gold Standard† policies. However, there ha ve been several problems faced by Subway along the way. Quality standards: There have been several complaints from consumers all over the world regarding quality issues of vegetables, meats and sauces used in Subway sandwiches. Most of these issues arise due to improper storage of materials in the store. Temperature controls aren’t maintained resulting in spoilage and wastage.Legal woes: Subway has faced more legal cases than most other franchises. Franchisees complain that even one slip results in threatening letters from the head office. Or complaints regarding too many stores opening in the nearby areas resulting in cannibalization. 14 Mc Donald’s and Subway Many instances have been cited by franchise holders where Subway has unfairly penalized them. MCDONALDS McDonald's is the world's leading global foodservice retailer with more than 33,000 locations in 118 countries. McDonald’s has several company owned stores, but uses Franchising for both domestic and in ternational expansion.McDonald's India was set up as a 50:50 joint-venture between McDonald's at a global level and regional Indian partners such as Hardcastle Restaurants Private Limited in western India, and Connaught Plaza Restaurants Private Limited in northern India. McDonald’s currently has over 220 restaurants in the country. McDonalds doesn’t provide any financial assistance and absentee ownership of finance is not allowed. Also, the financial requirements are quite steep. MFY- In order to implement the MFY (Made for You) option for customers, the franchises are required to upgrade their equipment at their own expense.This caused some problem with maintaining standard service across all outlets. Pricing and menu may also be a point of difficulty for the franchiser and franchisee as prices vary between company owned and franchised stores. Inconsistent standards- There are several instances of poor service or disgruntled customers complaining about the quality of food served. This is because it is difficult to enforce the exact same standards in all franchised stores. 15 Mc Donald’s and Subway COMMUNICATION MIX COMPANY External Marketing Communications Advertising Direct Marketing Sales Promotion Public RelationsInternal Marketing Communications Vertical Horizontal PROVIDERS Interactive Marketing Communications Personal Selling CUSTOMERS Customer Service Centre Service Encounter ServiceScapes Figure 4: Communication Mix The diagram above clearly explains a generic model for communication which is being implemented by services based companies in the world. The communication model is divided into 3 parts as clearly seen above:a) Internal Marketing Communications: It company should manage the information and its flow from company to employees in order to accurately and consistently reach to customers who are hearing and seeing it. ) External Marketing Communications: These are the channels (not under the company’s control) throug h which the company disseminates the information to its customers. These channels provide equal opportunities to all the companies for communication to masses. 16 Mc Donald’s and Subway c) Interactive Marketing Communications: These channels are in direct contact with the customers when it experiences the services in form of servicescapes, service encounters, Customer Service centers and company’s frontend employees.Mc Donalds Extracurricular Crew activities, Free employee meals in the restaurant, MahaBucks Performance-linked pay, Graduate Career Advancement Programme, In House Training Courses Employee of the Month Newspapers, Magazines Television, Radio, Movies Hoardings, Pamphlets, Banners Emails Websites, Banner Ads, M-Commerce Movies Coupons Combo Meals, Corporate Rebates Nickeldon Toys HCL Laptops Every Month press releases, News Yes Children's Day , Birth Days Bollywood Actors Subway Extracurricular Crew activities I N T E R N A L Horizontal Company Policies Ver ticalIn Housing Training, Performance-linked pay Employee of the Month Newspapers, Magazines Television, Radio Hoardings, Pamphlets, Banners, vehicle advertising on Cabs Emails Websites, Banner Ads, M-Commerce Movies Coupons Goodies , Corporate Rebates No No Internal Branding Branding Through Employees Print Broadcast S E R V I C E M A R K E T I N G Advertising Outdoor Direct Mail Internet & Mobile Discount Coupons Rebate E X T E R N A L Sales Promotion Gifts(Toys) Co – Promotional Activities Press Release News Yes World Health Day Sports Persons 17 Public RelationsSponsorship Shows, Exhibitions & Special Events Media Coverage Mc Donald’s and Subway 1. McDonald’s retail outlets to encourage young voters for the Lok Sabha elections. 2. McDonald’s ties up with Symbiosis Institute Facebook , Twitter C O M M U N I C A T I O N M I X CSR Activity Fit to Hunger Social Media Facebook , Twitter, YouTube Confirmation Calls for Home Delivery Personalisation and Cust omization of Sub. NO Countrywise Website NO Customer Service Personal Selling Sales Executive Tele- Marketing Confirmation Calls for Home Delivery Probing and giving alternatives for better Deals.NO Countrywise Website NO I N T E R A C T I V E Instruction Material Website Brochures Catalog Signage Interriors Servicescapes Mascot Stationary Employee Uniform Remote Encounters Name Boards Kids Zone, Interior Menu Board Ronald Donald Mc Donalds on tissue Paper ,Tray Paper and Sauce Sashes Dress Code Online orders Placing orders on phone At Franchises Name Boards Normal Interiors NO SubWay on Tissue Paper & Tray Paper Dress Code Online orders Placing orders on phone At Franchises Service Encounters Phone Encounters Face to Face 18 Mc Donald’s and Subway Role of the Various Communication MixFigure 5: Role Of Communication Mix 19 Mc Donald’s and Subway Figure 6: McDonald – Go Global Act Local 20 Mc Donald’s and Subway SERVICE BLUEPRINTING Figure 7: Mc Donald's B lueprint 21 Mc Donald’s and Subway 22 Figure 8: Subway-Blueprint Mc Donald’s and Subway SERVICESCAPE It is a well known fact that the environment in which a service is executed is important. They physical environment or the Servicescape provides cues about the quality and character of the service quality and character of the service, cues that consumers look for both before and after buying and that affect their experience of it.Typology of McDonalds and Subway based on variation in form and Use of the Servicescape: Servicescape Usage Complexity of the Servicescape Elaborate McDonalds Subway Interpersonal Service-Both customer and employee MCDONALDS McDonalds recognizes culturally defined expectations in allowing its franchisees around the world tremendous freedom in designing their Servicescape. McDonald’s strategy is to have restaurants worldwide reflect the culture and community in which they are found. Elements of Physical EvidenceFacility Exterior: Exterior Design: McDonalds design exhibits a sense of â€Å"Forever Young† look with bright red and yellow colours appealing to the children and establishing its family restaurant positioning. The building provides a practical, contemporary design that aligns with the McDonald's brand essence while accommodating the latest operational and consumer experience standards. Their mascot Ronald Mcdonald is also present outside each of their restaurants. McDonalds 23 Mc Donald’s and Subway always have all glass restaurants.McDonalds has always clearly identified and managed the various clues that customers use to form the impressions and feeling about their company. In addition to this, McDonalds has separate take away counters in order to save time of their patrons. Signage: All of McDonalds external signage reads as, â€Å"McDonalds-Family restaurant. Also keeping in mind with the local language, all McDonalds restaurant have their name boards in Hindi. McDonalds strongly believes in adhering to the local sentiments and hence none of the outlets in India sell Beef products and every restaurant has this mentioned.Also McDonalds, strongly believes in glass branding for any new products or services they offer. Most of the communication is designed to cater to local tastes and preferences. Parking/Landscape/Surrounding Environment: All McDonald outlets are located are accessible and present everywhere thus capitalizing on brand recognition. Most of the McDonalds have their own restaurants and hence the seating space available is exclusive to McDonald’s patrons. Also McDonalds offers proper parking facilities for its highway restaurants. Facility InteriorAll McDonalds outlet are standardized in terms of layout and have proper in-store branding. The 24 Mc Donald’s and Subway â€Å"Young and Cheerful† design concept is a progressive, youthful, and energetic environment with open views for social interaction. All McDonald outlets are huge with p roper aisles and passages with appropriate signage for seating arena, lavatories, wet floor and food counters. McDonalds has a Made for You food preparation platform. MFY is a unique concept (cooking method) where the food is prepared as the customer places its order.This cooking method has helped McDonald’s further strengthen its food safety, hygiene and quality standards. McDonalds also has illuminated Menu boards that offer a mix of both vegetarian and non vegetarian burgers along with other savories and drinks. McDonalds also has proper queues for placing order and often there is a executive who assists you in order placing. Also McDonalds gives toys for children thus making them wanting to come back. The other visible cues are color, lighting, in-store music, employee uniforms and trays with literary.McDonalds has ample in store lighting and directly in? uences an individual’s perception of the de? nition and quality of the space, in? uencing his or her awareness of physical, emotional, psychological, and spiritual aspects of the space. The bright McDonald stores ensure prompt handling and evaluation of products. In all McDonald stores the lighting is perceived as more pleasant than other fast food environments. The color scheme that McDonalds uses exhumes cheerfulness and warmth. Red depicts vibrance, cheerfulness while yellow depicts friendliness and brightness.At McDonalds, music is a positive auditory cue stimulating specific consumer behaviour and emotions. Music appears to influence buyer-seller interaction. There is audio played about the latest offers and products. Also a balance and constant sound creates a pleasant sound environment. All employees at McDonald are provided with uniforms and name badges along with caps with McDonald signature â€Å"M† arch. Employees are also trained with appropriate soft skills to address customers. Every employee or front line executive greets the customer and exchanges pleasantries 25Mc Don ald’s and Subway which makes them happy. McDonalds also has the policy of serving within one minute or they give free redeemable coupons on the next visit. SUBWAY Elements of Physical Evidence Facility Exterior: Subway sandwich restaurants are often simple eat outs using minimal architecture and traditional branding with yellow and white shades. The facility exterior often gives a look of freshness and is located amidst other eateries in food courts of malls or recreation centres. Signage: The signage at every Subway store is uniform as per international standards.The store size is generally small and hence there is no room for enough glass branding. Unlike McDonalds, Subway doesn’t have extensive branding on door panels and windows. Facility Interior: The size of any Subway outlet is small in relation to McDonalds, Also, since Subway outlets are located in multiple eatery zones they do not have an exclusive seating arena for its patrons. However the exclusive Subway s tores has minimal seating arena. The in-store lighting is sufficient however not exclusively bright as seen with McDonalds.The color scheme used in all subways is Green depicting a sense of Freshness. Most of the subway outlets have the aroma of freshly baked cookies that draws one towards it. The employees have a proper uniform and our courteous. Also the person who takes your order is the same one who prepares your Sub thus allowing more time for interaction. Since every Sub is customized as per the customer it takes time. 26 Mc Donald’s and Subway However all the ingredients used are fresh and thus adhere to Subway-Eat Fresh strategy. Roles of ServicescapePackage McDonalds Strong visual metaphors, right from its outlets to the employees to the trays to ketchup cups Well designed outlets with appropriate with signs, appropriate ventilation and proper seating arena The goal of being the customers â€Å"third place† is achieved with comfortable chairs, children play ar ena for customers to interact Red and Yellow colour scheme along with McDonald branding to differentiate from others. Subway Visual metaphors in the form of wrapping paper, beverage cups. Small outlets or kiosk with minimal signs and few seats. More of a restaurant to have a quick bite. FacilitatorSocializer Differentiator Regular branding 27 Mc Donald’s and Subway SERVICE QUALITY GAP MODEL AND QUALITY DIMENSIONS Figure 9: Service Gap Model The five gaps that organizations should measure, manage and minimize: Gap 1 (listening gap) is the distance between what customers expect and what managers think they expect – Clearly survey research is a key way to narrow this gap. Gap 2 (standard and specification gap) is between management perception and the actual specification of the customer experience – Managers need to make sure the organization is defining the level of service they believe is needed. 8 Mc Donald’s and Subway Gap 3 (performance gap) is from the experience specification to the delivery of the experience Managers need to audit the customer experience that their organization currently delivers in order to make sure it lives up to the specification Gap 4 (communication gap) is the gap between the delivery of the customer experience and what is communicated to customers – All too often organizations exaggerate what will be provided to customers, or discuss the best case rather than the likely case, raising customer expectations and harming customer perceptions.Finally, Gap 5 is the gap between a customer's perception of the experience and the customer's expectation of the service – Customers' expectations have been shaped by word of mouth, their personal needs and their own past experiences. Routine transactional surveys after delivering the customer experience are important for an organization to measure customer perceptions of service Service Quality dimensions ? ? ? ? ? ? ? ? Tangibles: Physical evidence of se rvice Reliability: Consistency of performance and dependability Responsiveness: Willingness/readiness of employees to provide service in timely manner Credibility: Trustworthiness, believability, honesty Security: Freedom from danger, risk, doubt Guarantee , Certification Competence: Possession of required skills to perform service Access: Approachability and ease of contact Courtesy: Politeness, respect, consideration, friendliness E Empathy Assurance Figure 10: Characteristics and Evaluation Outcomes 29 Mc Donald’s and Subway Figure 11: Strategies to influence expectations SUBWAYLocation: City Centre Mall, Banjara hills, Hyderabad Mode of service delivery: mainly â€Å"Self Service Model† Number of visit: 3 (to check reliability) In our visit to SUBWAY there we had initial perception about the subway of â€Å"low calorie fast food alternative which is quick and fresh†. Reason for this perception was firstly their tagline â€Å"EAT FRESH† and their comme rcials starring Jared who had lost something like 150 pounds by eating an all-Subwaysandwich diet. Finally we also had in mind that there will be offer of day â€Å"SUB OF THE DAY† with this perception when we visited to SUBWAY there was no disappointment at all.From their nutrition charts we could make out that we can have good low calorie food. This was tangible cue on the counter making us aware that they provide what they convey. But best was, they were also having option of normal full of calorie diets for those who like it that way so in our group no one has to compromise. One of the service facilitator for us their separate VEG and NON VEG counter and their separate preparation counter. *Experience till this place actually reduce the â€Å"communication gap† as we were getting all we expected and it was in level of tolerance service zone so it was a good service.Dimension for service in terms of 30 Mc Donald’s and Subway tangible quality was good as emplo yees were properly dressed, hygienic and clean area, good seating arrangement but in combination with other restaurant and finally good ambience with music. After looking at this entire scenario there was â€Å"assurance† that food delivered will be good and in accordance with expectation. We were quit assured with the quality because of the brand image they have in the market. Finally they replace the food if something goes wrong this also increase assurance from their side which is generally unsaid case for all the restaurants.Now further we went to place our order, here we were having ample of â€Å"tangible cue† (physical evidence) which helped us in making the decision, what to order? Further all information about the sub of the day was provided and people were assisting if extra information was required. Finally after billing we went to counter which were situated adjacent to each other to place order. We got customized subs and employees we continuously asking t he way we want from which loaf to what and how much inside that loaf in the same charge. That was a good experience.Finally we had our food and as soon we were finished person came and immediately cleaned the table. *Experience Regarding the tangible cues, were quiet evident as person making sub was wearing gloves and hair cap. Fresh plates were served. All products of papers and plastic were recyclable. Quality of food was good as they were fresh and prepared in front of eyes in accordance to our taste. This actually reduce â€Å"performance gap† as they were pretty good in the employee end. Service delivery was also in time there was no â€Å"standard and specification gap†. Listening gap† was not there as they actually served the food in the way we asked them to prepare and there was no mistake in any of our food. Even each person (employee) was well versed in Hindi, local language and English. â€Å"Empathy† wasn’t that great as they were polite but were in rush as customer were waiting because there were only two person preparing the sub so they have to rush. They were quiet â€Å"responsive† to what were ordering and even when we ask to clean table again it was done immediately. Quiet â€Å"reliable† service as they delivered all aspects equally to all of us and in our every visit.They also asked us to fill the feedback form that was good and person requested to do it. Service gap- Due to lack of loose small denomination money we were not refunded Rs. 10 change even after 45 min when we were going back. They assured that they will do it when we are returning but still it didn’t happen. They don’t provide the timeline in which you will get your order so if there is rush you 31 Mc Donald’s and Subway have to wait long. Even if we have to wait there is no magazine or television which make time cross by ease. Finally common sitting arrangement which make their customer dependent on rush in other restaurant.This can be reflected in low standard GAP and finally to performance gap in case of return of change. This will affect customer faith to their assurance level. Finally there was no operational cues format so disorder of cues was bound to happen. Mc DONALD Location: City Centre Mall (1st floor, Banjara hills, Hyderabad) Mode of service delivery: mainly â€Å"Self Service Model† Number of visit: 3 (to check reliability) In our visit to Mc DONALDS there we had initial perception about the mc Donalds of â€Å"tasty food with fun† and basically reasonable family and friends restaurant.Reason for this perception was firstly their tagline â€Å"I m lovin it† and their adds on different places with packaging and also else were. Finally we also had in mind that it will be not costly at all. When we reach there it was different then subway in many respect firstly, multiple delivery counter and no separate counter for VEG and NON veg. separate sitting spac e and even different private meeting hall. Nice ambience, good music and clean place to enjoy food. There were multiple counters each taking order then and there and no customization. Here look at menu and order whatever you like from the menu.Lot of tangible cues which help in deciding meal and there were lot of complementary priced meals options. It is for the entire segment who seeks value for money apart from quality. *Experience till this place actually reduce the â€Å"communication gap† as we were getting all we expected and it was in level of tolerance service zone so it was a good service. Dimension for service in terms of tangible quality was good as employees were properly dressed, hygienic and clean area, good seating arrangement. After looking at this entire scenario there was â€Å"assurance† that food delivered will be good and in accordance with expectation.We were quit assured with the quality because of the brand image they have in the market. Finally they replace the food if something goes wrong this also increase assurance from their side which is generally unsaid case for all the restaurants. Now further we went to place our order, here we were having ample of â€Å"tangible cue† (physical evidence) which helped us in making the decision, what to order? Further all information about the meals which we generally happy meals were provided and people were assisting if extra information 32Mc Donald’s and Subway was required. Operational line management were there apart from lot of counters and for entertainment they have television ads running around so even peak hours and even waiting was easy. Apart from this they say delivery in 5 min else free which they stick too. That was a good experience. Finally we had our food and as soon we were finished person came and immediately cleaned the table. *Experience Regarding the tangible cues, were quiet evident as person serving at back were wearing gloves and hair cap. Fre sh plates were served.All products of papers and plastic were recyclable. Quality of food was good as they were fresh and prepared in front of eyes at the backend. This actually reduce â€Å"performance gap† as they were pretty good in the employee end. Service delivery was also in time there was no â€Å"standard and specification gap†. â€Å"Listening gap† was not there as they actually served the food in the way we asked and they used to recheck the order before placing them apart this was mechanized function so error was less. Even each person (employee) was well versed in Hindi, local language and English. Empathy† was good as they were polite even while waiting because there were many counters to serve and no customization so efficiency can be maintained even with the speed. They were quiet â€Å"responsive† to what were ordering and even when we ask to clean table again it was done immediately. Quiet â€Å"reliable† service as they del ivered all aspects equally to all of us and in our every visit. Service gap. Yes one of our friends got free coke for not getting food ordered in 5 min this was a performance GAP and free providing increases assurance quality of the Brand.They have good level of responsiveness as they were delivering in time and response to complain was also very quick. 33 Mc Donald’s and Subway Rating on Basis of high low and medium Service quality dimensions (high is good Assurance and low is bad) Tangibility Empathy Responsiveness Reliability Service gap (low is good and high is Listening bad) Communication Performance Standard SUBWAY medium medium high high medium low low medium low Mc DONALDS medium high medium high high low low low low 34 Mc Donald’s and Subway PRICING STRATEGY Pricing is the process of determining what a company will obtain in exchange for its products.Pricing factors include: Manufacturing cost Market place Competition Market condition Quality of product. It is a fundamental aspect of financial modeling and is one of the four Ps of the marketing mix. The other three aspects are product, promotion, and place. Price is the only revenue generating element amongst the four Ps, the rest are cost centers. When deciding on pricing objectives the organization or company must consider: ? The overall marketing, financial and strategic objectives of the company ? The objectives of the product or brand ? Consumer price elasticity and price points ? The resources available with the organization.A well thought out price for a product or service should fulfill three things: ? Achieve the financial goals of the company ? Fit the realities of the marketplace ? Support a product's positioning and be consistent with the other variables in the marketing mix. Pricing strategies are of various types mainly:? Competition – based pricing ? Cost-plus pricing ? Price skimming ? Penetration pricing ? Limit pricing ? Premium pricing ? Target pricing 35 Mc Don ald’s and Subway ? High – low pricing ? Value based pricing MC DONALDS Value Pricing McDonald’s has a unique pricing strategy that falls exclusively on their many product lines.Their Value Meals fall into the category of value pricing. McDonalds has certain value pricing and bundling strategies such as happy meal, combo meal, family meal etc to increase overall sales volumes. For example, you can order a Mc Veggie Value meal that comes with a Mc Veggie burger, medium drink and fries for around Rs99 where the customer can save Rs 39 if he/she bought the food items separately. You can Super Size this meal to get a large drink and large fries for a little more money or you can go with another value meal that might include different items for ifferent price. Figure 12: McDonald's Pricing Also in its promotions, M c D o n a l d ’ s c a m e u p w i t h a v e r y c a t c h y p u n c h l i n e â€Å" A a p k e z a m a n e m e i n , b a a p k e zamane ke daamâ₠¬ . This was to attract the middle and lower class consumers and the effect can clearly be seen in the consumer base McDonalds has now. 36 Mc Donald’s and Subway Promotional Pricing To promote its breakfast menu Mc Donald’s has come up with a new scheme of giving Rs 20 off on its Great Breakfast meal.This kind of promotional pricing is adopted to target new customers, to increase its base of customers and to give a variety in its offerings to its existing customers to help increase volume. SUBWAY Value Pricing Subway tries to create value products by service in terms of quality, ambience, variety, and convenience. By introducing the concept of sub of the day the company tries to satisfy the needs of its present customers by creating a sense of curiosity amongst in the sense they would want to know what sandwich is the sub of the day. 37 Mc Donald’s and SubwayFigure 13: SubWay Pricing Bundling Strategies Subway offers combo offers of a sandwich, potato chips/coo kie and a drink at only Rs. 45 extra for a medium size meal and Rs. 50 for a large size meal. Promotional Pricing To increase its current consumers base and also to attract new customers, Subway has come up with new campaign where with any 6 inch sub and a medium beverage the company is offering another 6 inch sub for free. In September 2011, Subway has introduced a buy one get one free offer on Mondays. This is valid on all its sandwich offerings. 38 Mc Donald’s and Subway 39Mc Donald’s and Subway 40 Mc Donald’s and Subway Figure 14 : SubWay & Mc Donald ‘s Pricing Strategies 41 Mc Donald’s and Subway Critical Analysis MCDONALDS With respect to the services provided by Mc Donalds, the following management issues were observed: 1. McDonalds wishes to rework on its restaurant interiors and match up to those of its self owned restaurants, However the problem that they have encountered is that franchisee owners are unwilling to invest in interior design . 2. McDonald’s has introduced MFY (Made for You) whereby the burgers are made after the order is placed.However, the franchises are required to upgrade their equipment in order to follow this. The franchisees are not willing to incur such expenditure which poses a problem to McDonald’s. 3. We normally observe the customary trend of people queuing outside McDonalds especially during the weekends. This is due to the limited capacity space in the restaurants. This has been a persistent management problem for Mc Donalds. Even though the management at McDonalds has been trying to search for a solution for the same, it fears doing so

The Governments Role in the Economy

In the narrowest sense, the governments involvement in the economy is to help correct market failures or situations in which private markets cannot maximize the value that they could create for society.  This includes providing public goods, internalizing externalities (consequences of economic activities on unrelated third parties), and enforcing competition.  That being said, many societies have accepted a broader involvement of government in a capitalist economy. While consumers and producers make most of the decisions that mold the economy, government activities have a powerful effect on the U.S. economy in several areas. Promoting Stabilization and Growth Perhaps most important, the federal government guides the overall pace of economic activity, attempting to maintain steady growth, high levels of employment, and price stability. By adjusting spending and tax rates (known as fiscal policy) or managing the money supply and controlling the use of credit (known as monetary policy), it can slow down or speed up the economys rate of growth and, in the process, affect the level of prices and employment. For many years following the Great Depression of the 1930s, recessions—periods of slow economic growth and high unemployment often defined as two consecutive quarters of decline in the gross domestic product, or GDP—were viewed as the greatest of economic threats. When the danger of recession appeared most serious, the government sought to strengthen the economy by spending heavily itself or by cutting taxes so that consumers would spend more, and by fostering rapid growth in the money supply, which also encouraged more spending. In the 1970s, major price increases, particularly for energy, created a strong fear of inflation, which is an increase in the overall level of prices. As a result, government leaders came to concentrate more on controlling inflation than on combating recession by limiting spending, resisting tax cuts, and reining in growth in the money supply. A New Plan for Stabilizing the Economy Ideas about the best tools for stabilizing the economy changed substantially between the 1960s and the 1990s. In the 1960s, the government had great faith in fiscal policy, or the manipulation of government revenues to influence the economy. Since spending and taxes are controlled by the president and the Congress, these elected officials played a leading role in directing the economy. A period of high inflation, high unemployment, and huge government deficits weakened confidence in fiscal policy as a tool for regulating the overall pace of economic activity. Instead, monetary policy—controlling the nations money supply through such devices as interest rates—assumed a growing involvement. Monetary policy is directed by the nations central bank, known as the Federal Reserve Board, which has considerable independence from the president and the Congress. The Fed was created in 1913 in the belief that centralized, regulated control of the nation’s monetary system would help alleviate or prevent financial crises such as the  Panic of 1907, which started with a failed attempt to corner the market on the stock of the United Copper Co. and triggered a run on bank withdrawals and the bankruptcy of financial institutions nationwide. Source Conte, Christopher and Albert Karr.  Outline of the U.S. Economy. Washington, D.C.: U.S. Dept. of State.

The Difference Between Love And Lust - 1237 Words

What is the difference between love and lust? According to the dictionary, love is a feeling of strong and constant affection for a person. On the other hand, lust is a strong sexual desire for another (â€Å"Merriam-Webster†). The definitions of love and lust are complete opposites. Love is a constant feeling, while lust is impermanent. Yet, the two are always confused between people. This is because of the word â€Å"strong† in both of the definitions. When a person is deeply in love or is consumed by lust, the feelings are both strong. Therefore, it is sometimes challenging to differentiate. Banksy, a well-known street artist, realized the problem with love and lust, and decided to teach people a lesson by painting a piece of street art called â€Å"Waiting in Vain†¦at the Door of the Club.† Banksy is a very renowned street artist who keeps his identity unknown. His artwork is portrayed by â€Å"striking images, often combined with slogans, [which] engages political themes, satirically critiquing war, capitalism, hypocrisy and greed† (â€Å"Banksy Biography†). He first started his bold street art in Bristol, his hometown located in London, but quickly spread to the United States of America. In the U.S., Banksy targeted the most populated cities; this was due to the fact that it was easier for him to spread his messages. With a crowded location, his lessons will extent over an audience much quicker. One of the most popular places where Banksy’s art fills the streets is New York City, which wasShow MoreRelatedKesa and Morito1173 Words   |  5 PagesLove or Lust In Akutagawa’s â€Å"Kesa and Morito†, the text suggests notable differences between love and lust. In regards to the underlined symbols of love and lust, the characters identified within the short story may portray the differences between the symbols. Wataru’s character may symbolize the meaning of true love, and will identify the correlation to that of purity and innocence. However, the characteristics of Kesa and Morito may symbolize lust, and the evil and selfishness associatedRead MoreComparing Love in Shakespeares Midsummer Nights Dream and Soyinkas Lion and the Jewel978 Words   |  4 Pagesâ€Å"Love is a familiar. Love is a devil. There is no evil angel but Love. (Love’s Labours Lost.1.2.)† This Shakespearean quote relays on the fact that love can lead to many misfortunes, presented as one of the aspects of love in both William Shakespeare’s â€Å"A Midsummer Night’s Dream†, and Wole Soyinka’s â€Å"The Lion and the Jewel†. One aspect of love demonstrates its brilliant sides, and with it, brings affection, faith, and intimacy. However, it is also noted that an equal aspect of love conveys the consequencesRead MoreLove and Lust Essay678 Words   |  3 PagesLove and Lust Love and lust are two very strong words with very strong meanings. In this class we discussed whether or not the two are related. Love and lust are two words that go hand and hand in relationships. They are emotions that are interlocked with one another. Without one it is hard to have the other and it also seems that in order to be in and stay in love, one must desire or lust after their partner. Without that desire, love and the wanting to be with ones partner can fade away.Read More Love and Lust in Play-By-Play, Sex without Love, and Junior Year Abroad867 Words   |  4 PagesLove and Lust in Play-By-Play, Sex without Love, and Junior Year Abroad      Ã‚  Ã‚  Lust is an incredibly strong feeling that can prove to be almost uncontrollable, leading it to commonly be mistaken for love. Due to the relative closeness of these emotions, both are often confused, and even when one is in love he or she does not recognize it. Many think that love just comes knocking on ones door and one will know when it does, but they dont realize that for love to occur a relationship hasRead MoreThe Knights Tale And Lust Essay879 Words   |  4 PagesLust is defined as the desire or attraction to something, often in the form of sex. Chivalry and courtly love puts the woman at a higher position than the man, basing the relationship on loyalty rather than sex. On the spectrum of love, these two types are polar opposite ways in treating a woman. In medieval times, lust often fails, as chivalric love is rarer and heavily desired from a woman’s perspective. Rapper Kendrick Lamar exclaims, â€Å"we lust on the same routine of shame...lust tur n[s] into fearRead MoreRomantic Love Essay800 Words   |  4 PagesRomantic Love Inflicts Harm Love is an interesting concept. Wikipedia describes love as â€Å"a variety of different emotional and mental states, typically strongly experienced† (Dictionary.com). Romeo and Juliet, written by Shakespeare, portrays the illogical choices that may be made when in love. Another source explains how love is addicting in the poem â€Å"The Raven† written by Edgar Allen Poe. â€Å"The Gift of the Magi† depicts people who mistake love for lust. The force of romantic love inflicts harm onRead MoreHow do You know? Essay957 Words   |  4 Pagesthose three words, â€Å"I Love you†. Then it dawns on me, do they really love each other? Do they understand what they are saying? If it isn’t love what do they have? Many people question the difference between love and lust, and if they are able to have both. In my opinion, it is possible that love can turn into a passionate relationship and the sexual tension between two partners can eventually turn into love. However, there is no guarantee that one will generate the other. Lust means to have an intenseRead MoreLove and Lust in Loves Labours Lost1292 Words   |  6 Pagesâ€Å"Love is a familiar. Love is a devil. There is no evil angel but Love. (Love’s Labours Lost. 1.2.)† This Shakespearean quote relies on the fact that love can lead to many misfortunes, presented as one of the aspects of love in both William Shakespeare’s â€Å"A Midsummer Night’s Dream†, and Wole Soyinka’s â€Å"The Lion and the Jewel†. One aspect of love demonstrates its brilliant sides, and with it, brings affection, faith, and intimacy. However, it is also noted that an equal aspect of love conveys the consequencesRead MoreCritical Analysis Of Romeo And Juliet1197 Words   |  5 PagesA majority of people at some point in their lives has to make the laborious decision of â€Å"popping the question†, of course with the exception of careful preparation, measuring the reliability of the love and most importantly not being sp ontaneous about the ideal. In the novel â€Å"Romeo and Juliet† scripted by William Shakespeare the â€Å"pair of star-crossed lovers (Prologue, 5)† named Romeo and Juliet, do not follow through with this process, and these actions evidently lead to the worth of their livesRead MoreAnalysis Of A Midsummer Night s Dream 1020 Words   |  5 PagesDifferent Forms of Love in Relation to ‘A Midsummer Night’s Dream’ Love is a term used daily in one’s life. Many categorize love in many forms. These forms differ from one-another such as the difference between love for food and love for one’s spouse. However, in the play; â€Å"A Midsummer Night’s Dream†, love takes different forms than the ones experienced in reality. One can classify the different types of love used in this play into three different categories; true love, love produced by cupid’s

The Iliad And The Book Of Genesis - 1590 Words

Divine command shapes and influences every event In Homer’s The Iliad and The Book of Genesis, from birth to death. Divine forces determine if Andromache and Rebekah’s actions can be successful or not. In The Iliad, moira determines everything and guides everyone; whereas in the book of Genesis, God’s will determines what will be done and influences people to act. It is moira that causes people to suffer death and destruction, as moira is one’s fate, or the amount of life they are given on Earth. In The Iliad, everyone is limited to moira, women and men. Not only are people limited by moira, whole cities are too, including the city of Troy. Therefore, in The Iliad everything Andromache does to try and influence her husband is limited by†¦show more content†¦Although Hector says this to Andromache because he believes it, in reality, it is moira that pushes him into battle. While begging Hector to stay, Andromache attempts to guilt him, yelling â₠¬Å"...it will be better for me / To sink into the earth. When I lose you, Hector, / There will be nothing left, no one to turn to, / Only pain.† (Il 6.432-436), but guilting Hector does not work. Nothing Andromache can say or do matters nor will it influence Hector. Andromache is ultimately powerless in convincing her husband to do anything, because moira limits her. In Genesis, God’s will actually works in favor towards Rebekah. His will ensures that Rebekah is successful in tricking Isaac, her husband. God favors Rebekah and Jacob and helps them, therefore making them successful. Rebekah is successful in helping her son, Jacob, trick Isaac to receive his blessing, because God favors her. Rebekah overhears Isaac telling Esau what he must do to receive his blessing, because God wants Rebekah to hear (Gen 27:5). Jacob receives his father’s blessing through trickery, as it is a part of God’s will. According to God’s will, Jacob, the younger son, will be superior to his elder brother, Esau. As the Lord tells Rebekah, â€Å"Two nations are in your womb, and two people born of you shall be divided; the one shall be stronger than the other, the elder shall serve the younger† (Gen 25:23). Since before Jacob’s birth, it is a part of God’s will thatShow MoreRelatedThe Iliad And The Book Of Genesis1225 Words   |  5 Pagesthemes of suffering, war, violence, and sin, the characters of both the Iliad and the book of Genesis strive to live and define their lives as their own. The women in particular best exemplify this struggle as they contend not only with the circumstances to which they are born into, but must also grapple will the role they play in their society and how their actions influence the greater fate of their people. Within the Iliad, Andromache’s role as a woman and wife to a warrior during war contributesRead MoreComparing The Epic The Iliad Against The Bible s First Book Genesis Essay1877 Word s   |  8 PagesUpon initial consideration, comparing similarities in the Homeric epic The Iliad against the Bible’s first book Genesis would seem outlandish. The comparisons between the two tales may not be abundantly clear. The parables of the Bible serve as religious cornerstones for society, while Greek tragedies serve as the moral lessons on which our culture is predicated. Fate in both narratives is understood to be a governing body, with a prominence being placed on remaining on the course with that whichRead MoreAnger in The Iliad and Genies Essay943 Words   |  4 PagesAnger in The Iliad and Genies We live in a society of violence and extravagance. One can pick up a newspaper and see a headline reading â€Å"Bride Killed On Wedding Day By Crazed Ex-Boy Friend†. We live in an age of people who drive hundred thousand dollar cars. These are on opposite sides of the spectrum. We see people causing great pain and people who are trying to lose themselves in material goods, to avoid the suffering in life. This is the society we live in, which can be seen in all civilizationsRead MoreSimilarities Between Paradise Lost And Paradise Lost1239 Words   |  5 PagesParadise Lost, Aeneid, The Epic Gilgamesh, and The Iliad. The most obvious difference is era. Paradise Lost is an epic poem from the 17th century and is written in blank verse which is the most modern phrasing method. According to an article on Enotes, out of the other three epics, the Iliad and Aeneid came from the same dactyllic family. (â€Å"Compare Miltons Paradise Lost†). Meanwhile The Epic Gilgamesh is mo re old-fashioned in its verse Between the four books there are a variety of differences. These differencesRead MoreThe Iliad By Homer892 Words   |  4 Pages The Iliad by Homer depicts the great struggle by Agamemnon and the Greeks to take the mighty city state of Troy and return Helen to her rightful husband, Menelaus. While many ponder if the war actually happened, or why the gods always seemed to be more human than humans themselves, few ask the key but often overlooked question; why is Agamemnon the leader of the Greeks in the first place? What happened that put him in charge of the Greek forces? Why does there seem to be an underlying resentmentRead More Essay on Women in Iliad, Odyssey, and the Bible1544 Words   |  7 PagesRole of Women in Iliad, Odyssey, and the Bible Much is known of men in ancient civilizations, from the famous philosophers and mathematicians of Greece to the patriarchs and subsequent kings of the nation of Israel. It would seem, however, that history has forgotten the women of these times. What of the famous female thinkers of Ancient Greece, the distinguished stateswomen of Rome? What power did they hold? What was their position in societies of the distant past? A glimpse into the roles andRead More God and Man in Homer’s Iliad, Virgil’s Aeneid, and Dante’s Inferno1228 Words   |  5 PagesGod and Man in Homer’s Iliad, Virgil’s Aeneid, and Dante’s Inferno The truest of man’s goals is to create art. Art is a by-product of the gift of man over the animals, creativity. Truly, creativity is a replication of God in man and a very possible interpretation of the Genesis 1:27 phrase â€Å"in his own image,† along with others—the possession of an immortal soul or the ability to speak. And creativity’s ultimate end product is art. And art more often than not in the history of man has led manRead MoreThe Hebrews And Greeks s Value System1526 Words   |  7 Pagesmanaged to share a similar objective: the creation of a moral foundation for their civilization which recognizes and respects the special and distinct nature of human beings. The Hebrews’ value system is centered around their God, Yahweh. The Book of Genesis describes the special nature that God has with humans. Unlike in other religions, the Hebrews describe their God as being sovereign, universal and transcendent – Yahweh is an all-powerful being who derives his power from nothing else, a God toRead MoreLiterary Masterpieces Matrix1186 Words   |  5 Pages| |Ancient Literature |The book of Genesis has |Genesis is mainly written |Both books are heavily |(Does not apply) | | |the theme creation. It is|in prose but does feature |influenced by violence. | | | |the account of the |a few poems. Most of the |The backdrop for the | | | |creation of the universe |book features individual |Illad is aRead MoreAnalysis Of Homer s The Iliad 3570 Words   |  15 PagesInterdisciplinary Studies Dr. Packer Eric G. Shuping March 3, 2015 Final Paper Homer’s poem, The Iliad, explains to us how the Trojan War started with Paris stealing Menelaus wife, Helen, and affected the lives of the Greek and Trojan people. The gods and warriors all desire to earn their honor to prove they are great, which Homer proves that it ends disastrously at times. Homer’s definition of honor in Iliad shows us that the gods, Greeks, and Trojans will do anything to prove their honor, while in

Building Up free essay sample

Piles. There are piles and piles of paper that build up my confidence, filled with words from my heart. Draining the toxic stress and frustration, the anger, fear, love and buried feelings from inside. School, two jobs, babysitting, SAT’s and now you throw college in the mix and I’m exhausted. I balance a schedule carefully, try my hardest not to tip it over. My saving grace at the end of the day is letting the tip of my pen fly across the paper. Edgar Allen Poe, Edna St. Vincent Millay, Emily Dickinson, Robert Frost, Sylvia Plath- all the greats I aspire to be. Poetry is my catharsis. It is the stem of not only a passion but of my confidence. My writing has always been more than just words. Poetry provides me with an outlet to convey values, opinions, interests and feelings. I write free verse. Carefully stringing words together until I unlock the perfect combination, a sentence forms displaying the point I want to make. We will write a custom essay sample on Building Up or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Poetry has enabled me to build up confidence in myself in so many ways. I feel it’s helped me learn to communicate better. Because of my writing, I believe in myself. For example, no one was allowed to hear or read my poetry. Not even my parents. But I remember what planted that seed of confidence. The day I actually followed through with it. I clicked submit and that was that. Weeks later Weiner Publisher mailed me a letter, the seed. I made it! A world wide contest and I made it through to the semifinals. But that wasn’t all. I read on only to learn that I would be put into their anthology! The anthology is going to be sold in Barnes and Noble’s everywhere and on Amazon.com, and my writing is in it! I was on top of the world, giggling like a little kid after a night of trick or treating. As of today, I’m waiting to hear if I, hopefully, won first, second, or third place. (Fingers crossed!). However, it was enough to make me see, maybe I have a talent. Maybe it’s not ‘nothing’ after all. Just knowing I made it that far built up my confidence. I started to write more, share more and be more comfortable in doing so. That seed was watered with the blatant admiration and awe of family an d friends who never knew I could write so well. Flash forward and I’m in the auditorium at school. I’ve been here for three periods throughout the day. It’s my last chance. Poetry day, when anyone and everyone who wants to gets the chance to shine, if they want to. I hear my name. My turn. A nervous tick courses through me, the butterflies in my stomach have grown legs and they are starting to kick. Now or never. I’m stunned by the applause I receive just for standing and then the words start flowing. The support from the crowd was palpable. I felt the seed start to bloom. The comfort of their eagerness to hear my thoughts was more incentive to go for it. The urge to flee vanished and I slammed my first poem. The bell rang before I finished but everyone sat quiet and still until I recited the rest. After, they clapped and I felt the sun warm the budding flower, my confidence was building up. I feel that poetry has taught me the importance of so many things, but mostly I’ve learned the importance confidence and communication. Poetry has taught me that building up confidence in yourself can open so many doors; you just have to take the first step. Because of poetry I believe in myself and that’s pretty great. That enables me to take on more challenges than ever, and I can’t wait to see what obstacles are waiting for me to overcome. At the end of the day I’m still building up confidence, but I’ve come a long way and intend to go a long ways more.

Portfolio Management free essay sample

Analyze the relationship between risk and rate of return, and suggest how you would formulate a portfolio that will minimize risk and maximize rate of return. The relationship between risk and rate of return is risk determines expected rates of return on every existing asset investment. The Risk-Return relationship is characterized as being a positive or direct relationship. (Importance of risk relationship , 2001). In other worlds if the risk of investing on an investment is high then the return will also be high.. Alternatively, if an investment has relatively lower levels of expected risk then the investor will get relatively lower returns. The risk and rate of return relationship effects both business managers and individual investors. The higher the chance of risk the more likely it must be compensated with higher return. â€Å"Since investment returns reflects the degree of risk involved with the investment, investors need to be able to determine how much of a return is appropriate for a given level of risk. We will write a custom essay sample on Portfolio Management or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page †(Importance of risk relationship, 2001). In other words the risk for investment returns needs to be determined before the investment is carried out so that the investor knows what level of risk they are at. This process is called â€Å"pricing the risk. The price of risk is defined as the measure of risk quantified to determine how much risk is appropriate to bear for the investment. (Importance of risk relationship, 2001). When formulating a portfolio with minimal risk and maximum return, one must quantify the degree of risk they are willing to take towards the investment. One must also pick an investment that does not have much risk involved. For instance if they choose to invest in a rental property then the chances of risk are not as high as opposed to if the person invested in a restaurant. If the restaurant becomes a flop and has to shut down the owner would loose more money because it costs more to keep a restaurant. The chances of a real estate rental property becoming a loss are less because people always need a place to live. If the investor was unable to rent the property then he or she can always sell it. It would be easier to sell a rental property then it is to sell a commercial property such as a restaurant. Thus knowing the type of investment it is lets the person determine the degree of risk involved. Therefore to maximize risk and minimize one must pick a sound money making investment that does not involve much risk in the first place. 2. Formulate an argument for investment diversification in an investor portfolio. An investor should have a diverse portfolio because the diversification of portfolios lets the investor know which companies are best to invest in? Which companies have a better economic outlook in the future? Having a diverse portfolio also makes a investor a more round up individual. They gain more knowledge of where to invest their money and which investment has a higher return rather then risk. A person should also have a diverse portfolio because one never knows which asset will have a higher value over time. The highest returning asset will usually be the most risky one, so the chances of loss are greater, too. (Reilly, 2012). There are also time factors to take into consideration when deciding to hold an asset. Shares are the best performing asset over the long-term, but not always in the short term. A bear market in shares can savage your returns and your net worth. Another factor as to why one should have a diversified portfolio is because one never knows how their attitude will be towards the stock market, until the person has experienced it hitting their investment. 3. Address how stocks, bonds, real estate, metals, and global funds may be used in a diversified portfolio. Provide evidence in support of your argument. There are two types of diversifications horizontal and vertical diversification. Vertical diversification is when money is spread out between different types of assets such as cash, corporate bonds government bonds, and property. Where as Horizontal diversification is when one holds different instances of the same asset class. In other words one can have the same type of investment just in different times. Stocks, bonds, real estate, metals and global funds fall under vertical diversification. They are different types of assets that can be used to diversify a portfolio because they are different from one another. These types of assets add diversification to the portfolio because they are diverse from each other. They can also be used to maximize risk and minimize profit. According to the article titled â€Å"portfolio diversification† the very best mix of assets you can hold to maximize risk for a given level of return is called the efficient frontier. (Portfolio diversification 2009). In other words if one has a diverse mix of assets they are more likely to maximize their risk and maximize their profit. Therefore having a diverse portfolio with stocks, bonds, real estate, global funds and metals is beneficial and adds diversity to the portfolio because each asset has different characteristic and benefits for the investor. The difference between each type of asset is what adds diversity in a portfolio. 4. Evaluate the concept of the efficient frontier and how you will use it to determine an asset portfolio for a specified investor. The concept of the efficient frontier shows how volatilely increases the risk of one’s loss of principal. The efficient frontier also states that the risk worsens as the time horizon begins to shrink. All things held equal one would want to minimize volatility in their portfolio. The efficient frontier also states that if one limits themselves to low risk securities the return on the investment will be low too. So what one should really do is include some higher growth, higher risk securities in their portfolio, but combine them in a smart way, so that some of their fluctuations cancel each other out. Harry Markowitz and Bill Shape. For instance they believe that if one has data for a collection of securities like the S amp; P 500 stocks, and one graphs the return rates and standard deviations for these securities, and for all portfolios one can get by allocating among them. Markowitz showed that you get a region bounded by an upward-sloping curve, which he called the efficient frontier. Another characteristic of the efficient frontier is that its curved, not straight. This is actually significant in fact; it is the key to how diversification lets one improve their reward-to-risk ratio. Using the graphing method to understand where the investor stands can be determined by the efficient frontier. The curve and lines of the graph can determine where the asset investment stands in terms of value. 5. Consider the economic outlook for the next year in order to recommend the ideal portfolio to maximize the rate of return for the short term and long term. Explain the key differences between the short and long term. The U. S. economic outlook for next year is what economists call the fiscal cliff of 2013. This will be the expiration of enormous tax cuts and transfer payments. (Lei 2012) David Wessel a columnist for the wall street journal warned that the stock market and bond market, which thus far have ignored the 2013 fiscal cliff, are at danger of being effected by it. The economy will continue to shape up with unemployment rates dropping to 6. 5%. (Lei 2012). As for the global economy it will continue to expand; despite the risk from Europe and the Persian Gulf which will continue to slow down the expansion. According to Forbes the world economy is will a little bit better then recent years. (Conerly, 2012). The U. S. economy will grow about 2. 3% this year, which is an improvement from 2011, but this is still well below the rate needed. It is also reported that consumer confidence is up and consumes are opening their wallets. (Conerly, 2012). After saving up for the last 4 years consumers are finally starting to spend their money on goods. Solid corporate profits are also boosting sales this year. This in return will give business managers confidence towards hiring and investing. The ideal portfolio, which will maximize the rate of return for short term and long term according to this year and next year’s economic outlook should be one that is made up of diverse assets and investments. An investor should invest in goods and services that have a promising economic outlook. Stocks and bonds are a good investment in the long run. Stocks have the tendency to fluctuate so it is harder to predict when it is a good time to buy or sell the stock. Stocks are a good investment in the long run because the price of stock may increase after some time. Investing in real estate might also beneficial because the real estate market is set to pick up in the long run. The key difference between long and short-term investments is that a long-term investment is one that will earn the investor a profit as time passes. A person who invests in a short term investment such as a small business or service of some sort will tend to see results in profits quicker then the investor who put capital towards a long term investment, such as the real estate market.