Automotive Industry in Slovakia Essay Example for Free

Automotive Industry in Slovakia Essay 2. Describe the industry and explain why you have chosen that one (Porter’s five forces). The automotive industry is a big term; indeed it is used to describe a large range of companies and organizations engaged in the development, design, manufacture, marketing, and selling of motor vehicles. The automotive industry is one of the world’s most important economic sectors in terms of revenue. The automotive industry is one of the biggest industries in Slovakia with big manufacturers such as Volkswagen, PSA Peugeot- Citroà «n and Kia. Porter’s Five Forces are used to examine the attractiveness of an industry. It is done by observing five forces which influence that industry. The five forces are; 1. The threat of new entrants 2. The bargaining power of customers 3. The threat of substitute products 4. The bargaining power suppliers have 5. The intensity of the competitive rivalry This is generally a very low threat. Factors to examine for this threat include all barriers to entry such as upfront capital requirements, brand equity, legislation and government policy and the ability to distribute the product. A new entrant will also have to adapt he’s cars to the customers habits, e.g. bigger cars in the US than in Europe. 2. The bargaining power of customers: There are so many cars to choose nowadays. The main factors that affect the customer’s choice to purchase a car or not are: * The appearance * Quality * Price * Environmental effect Customers like to have the latest brand new looking car on the market. The quality of the car will be an important issue in the choice. The car has to be efficient, which means a safe and less consuming car. Due to all the competitors you find in the market, customers will be able to purchase a cheaper car at a good level of quality. Car manufacturers are also building environmental friendly cars; indeed, they have to take into consideration all the environmental problems we are having nowadays. A car will be purchased depending on the lifestyle of the buyer. 3. The threat of substitute products There are very low substitute products, indeed apart from the second hand business where you are able to purchase older cars at lower prices than the new ones or a city/country with very good public transportation, bicycle lanes that would allow you to move in a different and cheaper way than our usual cars you will not find any other substitute. 4. The bargaining power suppliers have: In the car industry this refers to all the suppliers of parts, tires, components, electronics, and even the assembly line workers. Suppliers usually have very low power, indeed, each manufacturer has many suppliers. Toyota has more than 10 different suppliers in the US which means car manufacturers do not rely at all on the suppliers but the suppliers rely on the manufacturers. 5. The intensity of the competitive rivalry In most countries all carmakers are engaged in fierce competition. All major car-producing nations experience this intense rivalry. This obviously includes the US, Japan, Italy, France, the UK, Germany, China, India, and more. While a Porters five forces analysis applies to all companies competing in one same industry, what differs is that those firms’ profitability will vary between them. This is because of their own competitive advantages and varying business models. So just because all firms in one industry and market are subject to the same forces doesn’t mean they perform equally. We should not forget that an analysis of Porters five forces will not be the same in all countries and same for the type of automotive industry, we understand by type whether if it’s the electric car industry or the conventional car industry. 4. Describe profile of successful business leader (or company) operating in this industry. Identify key elements of the strategy that lead her/him to success. Automotive Industry in Slovakia. (2016, Dec 08).

Potential Investments in Africa Essay Example | Topics and Well Written Essays - 1750 words

Potential Investments in Africa - Essay Example From the discussion it is clear that after globalization of the world economy, entrepreneurs have enlarged their range to the global market. Furthermore, entrepreneurship paired with the ability of globalization is altering the conditions of various regions. In the same way entrepreneurship can work in the interest of Africa as it is further enhanced by a globalized economy.This paper stresses that  Africa is already charming a significant amount of investment from foreign investors in the region. In fact, a study conducted by the AfDB approximates that the continent will fascinate investments of about $85 billion exceeding the figures for the previous year. This is a good sign for people looking to invest in this particular area. This includes investors from Canada who might be interested in becoming part of a growing economy in the world. Even though Africa is a growing economy has not yet counterbalanced the level of poverty in the region, investors are becoming growingly intere sted in investing in the region. There has also been a change in the point of view of Africa from being a provider of raw materials such as coffee beans to a region with a great demand for manufactured goods and services.  Africa has a very big population and has a very great proportion of emerging people belonging to the middle class who are a highly qualified and an educated generation but do not have jobs available or accessible for themselves.

The design of an automated external defibrillator Essay

The design of an automated external defibrillator - Essay Example As such, this paper seeks to highlight the defibrillator in relation to the history, functional components and human engineering considerations. Defibrillators United Kingdom is faced with health crisis with the high incidences of heart attacks among its citizens. These indices are reportedly some of the highest in the world with cardiovascular diseases causing more deaths annually than any other disease or condition. It is estimated that of the 150,000 people who have heart attacks annually, 94,000 of them die owing to various variables (Handler and Coghlan 2008). Research indicates that over one million people over the age of 35 in the United Kingdom have suffered a heart attack, and a third of these victim die before getting to the hospital. The scale of the burden is felt in the economy with escalating costs of health care as indicated by the billions spent annually by the UK government on cardiovascular diseases (Handler and Coghlan 2008). The relatively high incidences of heart attacks in UK are of great concern to health care professionals and other stakeholders, which have seen them, consolidate their efforts in order to reduce the effects. Stakeholders such as medical engineers and manufacturers team up with healthcare professionals in an effort to brainstorm on the possible solutions in line with technological advances. This front has seen the successful adoption and incorporation of technology in healthcare facilities in form of medical devices. According to the European Union definition, a medical device is an apparatus or instrument that is designed for preventative, diagnostic, monitoring, or therapeutic purposes and its purpose is not achieved through pharmacological, immunological or metabolic means (Krutmann 2011). Similarly, the mode of action of medical devices is not through chemical action in a patient’s body, although may be assisted in its functions through such means. As such, it is essential that medical devices exceed the thresh old under the European Union regulations, which call for detailed records of the products, designing and construction is limited to qualified personnel, and comprehensive risk assessment should be done (Jacobson and Murray 2007). The key function of a medical device can be illustrated from scientific information quoted by the manufacturer in line with functional principle and the manufacturer’s labelling. Medical devices vary in their capacity and level of sophistication ranging from tongue depressors to haemodialysis equipment. Owing to the role played by medical devices in the provision of healthcare services, it is critical that appropriate guidelines and regulations are adhered to (Kramer, Xu and Kesselheim, 2012). It is for this reason that biomedical engineering steps in to fill embark on the key aspects of medical devices that involve initial designing, system analysis and practical application to ensure quality and efficient products. Among the medical devices are def ibrillators, which play a crucial role in the relieving heart attacks in areas away from medical facilities. This paper seeks to highlight defibrillators as a medical device while focussing on their history, scope of application and safety aspects of the device with regard to human factors engineering. Fibrillation is characterised by accelerated and irregular contraction of heart muscle fibres, which is attributed to a deranged electrical activity of the heart. Fibrillation