Beer Wars Essay Example for Free (#3)

Beer Wars Essay Essay Topic: War , Dogfish Head Brewery Choose cite format: APA MLA Harvard Chicago ASA IEEE AMA company About StudyMoose Contact Careers Help Center Donate a Paper Legal Terms & Conditions Privacy Policy Complaints Beer Wars is documentary about the American beer industry and how the 3 largest US breweries try to drive out the competition. This documentary covers how lobbyists are used to control the beer market and drive out smaller breweries such as Dogfish Head Brewery, Stone Brewery, and Moonshot: all producers of craft beer. The documentary describes how a 3 tier system was put into place to separate the powers of selling beer and prevent a monopoly but the laws that were put into place to prevent the monopoly, infact, promoted the size and strength of the largest beer corporations. An oligopoly was formed and maintained between Anheuser Busch, Coors, and Miller. Porter’s Five Forces Model is a business strategy that was covered in Beer Wars. Anat Barron described how difficult it was for small craft beer makers to be new entrants to the beer industry. When Anheuser Busch felt the least bit threatened, they had the capital and access to distribution channels that the smaller breweries did not have. The craft breweries found it greatly difficult to compete with the big 3 because they were not a substitute for the Big 3’s product, they were a small competitor. Anheuser Busch controlled the bargaining power because they were able to keep prices down due to their size and pockets while small craft breweries had to be more expensive because of the quality and care that went into it on top of having to pay a higher rate for ingredients compared to the other large corporations. To cite an example of the deep pockets that the big 3 had, Anheuser Busch came out with beer with caffeine in response to Moonshot beer, which was a craft beer (and the first of it’s kind). It can be viewed as theft but they had the pockets to Moonshot out. They targeted the bars and stores that carried Moonshot and gave them free cases of Anheuser Busch’s version of Moonshot beer. Though illegal some bars took it because it was free and busch had better prices to drive moonshot out. The intensity of competitive rivalry was at an all-time high when it came to Anheuser Busch trying to weed out the smaller breweries. The big 3 breweries managed to control the market share through advertising on tv , sponsorships, and on the store shelves through strategic placement of their product. The three tier system that separates the powers of selling beer delves into how lobbyists are used to control the beer market. Anheuser Busch uses their deep pockets to get rid of competition from small craft beer makers and control consumer choice. They purchase other beer corporations. Although only touched upon briefly towards the end of the film, Anat touched upon how Coors and Miller had to go into a 50/50 joint venture to compete with Anheuser Busch. Coors and Miller scanned the beer environment and realized that they could not keep a myopic view and hope for things to turn around. They knew that in order for each to survive, they needed to join forces. They were easier for Anheuser to take out individually but stronger as a whole. Beer Wars. (2017, Mar 04).

Personality and Time Perception Essay Example | Topics and Well Written Essays - 1000 words

Personality and Time Perception - Essay Example Stress-depleted attention processes become focused on task relevant activities and attention to time-based cues is inhibited, that distorts perceptions of time-in-passing and for time recollection in memory (Hancock & Weaver, 2005). Time perception with regard to personality traits has had some investigation, initiated by Eysenck's interest in the study of personality. Eysenck determined that two pre-dominant personality factors existed; the tendency to experience negative emotions (Neuroticism [N]); and the tendency to enjoy positive events (Extroversion [E]). E and N provided a 2-dimensional space to describe individual differences in behavior, very similar to the longitude and latitude coordinates on a global map. Eysenck's strength was to construct a model that detailed the causes of personality (Eysenck, 1970). He suggested that extraversion was the result of variability in cortical arousal; and that introverts tended to have higher levels of activity as compared to extraverts, and were inherently more cortically aroused than extraverts (Hancock & Weaver, 2005). This at first may appears counterintuitive, only that the solitary behavior of introverts seeks to dampen cortical stimulation, whereas the extravert seeks to heighten their levels of stimulation though impulsiveness and openness to experience. These patterns of behavior can be predicted using the Yerkes-Dodson Law (i.e., an empirical relationship between arousal and performance). So that performance increases with cognitive arousal but only to a certain pointl, when levels of arousal become too high, performance will decrease. There appears to be an optimal level of arousal for any given task (Twenge, Catanese, & Baumeister, 2003).One study that investigated Eysenck's personality dimensions and perceptions of time used the Eysenck Personality Questionnaire-Revised (EPQ-R) and two temporal discrimination tasks. It was found that participant accuracy in the timing of brief intervals was unrelated to EPQ-R scores. And that accuracy of timing for longer intervals between 1-2 seconds was found to be significantly associated with the personality dimension of psychoticism (P), an introvert trait (Lienert & Rammsayer, 1998). Overall, introverts defined as low-P performed the most poorly of all the EPQ-R categories.Clearly, there is limited literature available that investigates correlations between time perception and the personality trait Extroversion. This is a fault, as time perception dysfunctions have been related to impulsiveness and anti-social behaviors. The concept of impulsivity was stated by Eysenck to be a facet of extraversion (Eysenck, 1970). It appears that the cognitive tempo, or internal clocks, of the "impulsive" individual may run faster than those deemed "non-impulsive." Sp that the impulsive person is more likely to overestimate and underproduce time intervals (Hancock & Weaver, 2005). Contemporary literature generally considers impulsivity to be a trait in its own right that is highly correlated with extraversion.Patients diagnosed with orbitofrontal cortex (OFC) damage have exhibited impulsive behavior as well as showing deficits in time perception. Further, damage to the OFC has been related to dis-inhibition or socially inappropriate behavior and emotional patterns (Berlin, Rolls, & Kischka, 2004). Hence, there

International financial strategy Essay Example | Topics and Well Written Essays - 3000 words

International financial strategy - Essay Example Thus it is absolutely important that the companies take precautionary measures to minimize the risks (Bonaccorsi and Daraio, 2009). The present research study elucidates the benefits and costs and advantages that a company can enjoy if it is listed in more than one exchange. British Petroleum is used as an example to show how it finances its long term capital needs. Apart from that effort is also made to present the transaction risk faced by the company. Reasons for which a company cross lists itself A multinational company is spread all across the globe. Due to this reason such a company is involved in multiple numbers of trading relationships across multiple time zones and more importantly in multiple currencies. The company must be listed on the domestic exchange apart from the other foreign exchanges (Chiefele, 2012). The domestic exchange most of the time performs the job for currency exchange. If the operational base of the company is spread in more than 5 to 6 different intern ational countries, then using the domestic exchange as the basis for all transactional requirements becomes complex and cumbersome (Garrick, 2011). The transactions which are settled in different foreign currencies may have different consequences on the company if they are settled through a foreign exchange rather than a domestic exchange. For example the exchange rate between two different currencies can be slightly different between a foreign exchange and a domestic exchange. Multinational companies can use this price difference for their own advantages. The difference in price is due to the information asymmetry. The financial system is connected by very complex network where any new information generated at one corner gets dispersed to other corners easily (Gulbrandsen and Smeby, 2008). The stock exchanges around the world are connected by vast system of networks. The networks carry large amount of information in a matter of seconds. Thus any lag in information between two time zones is almost negligible. Still the negligible difference when multiplied by transactions worth billions of dollars the resultant is completely different (Hakim, 2010). This entails the arbitraging concept. This kind of arbitraging has been reduced significantly due to superfast information dissemination and sharing. Despite that there are many deficiencies in the systems which are sometimes misused by multinational companies. One of the most important reasons for cross-listing is reducing the cost of equity. Finding sources of finance is a matter of perennial concern for any company. The difficulty becomes multiplied if it is a multinational company. If the multinational company is listed in a more than one exchanges then the probability of raising the capital increases. The company can use various modes of financing both debt and equity. Thus the dependency on one economy or the modes of finance decreases considerably. This in turn eases the rate of return that a company has to offer to the investors to raise the capital (Harvey, Smith and Wilkinson, 2007). This is