What are the advantages and disadvantages of having a directly elected Essay

What are the advantages and disadvantages of having a directly elected president of the Commision for the European Union - Essay Example These six states included Germany, Italy, Netherlands, Belgium, Luxembourg and France. During the Second World War, Europe lost many lives and it was economically affected to a great extent. The atomic bombings in Hiroshima and Nagasaki and the Holocaust adversely affected Europe greatly. This aroused a calling for a United States of Europe from leaders such as Winston Churchill. Coal and steel were the raw materials in making weapons of war and these two industries were integrated. This led to the signing of the coal and steel treaties. However, based on the Coal and Steel Treaty success, the six nations have continued to expand their cooperation to other states responding to different emerging challenges in the world. Previously, many European states had been unified through force by empires such as, Roman Empire, Frankish Empire, Ottoman Empire and many others, the European Union confederation emphasized on democracy (Tallberg 2005). The devastating effects of war triggered many leaders to be on the fore front to advocate for a more unified Europe and their determination to curb violent conflicts among European countries in future. On 1st November, 1993, the Maastricht Treaty is signed which created the European Union. This means that European Union is as a result of evolution from one level of cooperation within the member states in the union to the othe r. The gradual integration since the end of World War II has made the member states gain confidence in each other to an extent of even creating a single currency union that allows for free trade amongst them. Governance in the European is complex and integrated. It is divided into seven institutions including; European Parliament, Council, Commission, Central Bank, Court of Auditors, Council of the EU and the Court of Justice of the EU. Each of the above institution is mandated to undertake certain duties and responsibilities. The paper seeks to explain the advantages and

Managerial Accounting Essay Example | Topics and Well Written Essays - 1750 words

Managerial Accounting - Essay Example Anything in which a firm excels than its competitors is considered as its competitive advantage. Michael Porter has mentioned three main strategies in order to gain the market share by acquiring competitive advantage. They include: Cost Leadership Differentiation Focus Differentiation Cost Leadership Parts Limited is that company which doesn’t earn through number of units sold, but it maximizes its profits through the price of units. Parts Limited charges higher prices to its customer which means that they sell their products on relatively premium prices. When it comes to cost differentiation, this strategy is an option for Parts Limited. There is a possibility that the company start focusing on generating revenue not through premium prices but through number of units sold. ... In my opinion, this strategy is currently availed by Parts Limited because it is selling its unique products and charging premium prices for them. These products are perceived as unique and important in the eyes of the customers and the firm utilizing this strategy, usually is aware of the needs and unique demands of its customers. Focus Differentiation This strategy usually consists of two variants. In focus strategy a firm can either go for: a) Focus differentiation in its own target market b) Cost focus to seek cost advantage within its target market In this regard, usually targeted customers have unusual needs or the delivery of production system. Cost focus assist in acquiring cost advantage of a particular segment whereas focus differentiation fulfills the special and unique needs of the customers. As far as Parts Limited is concerned, this type of strategy cannot be applicable for a company dealing in machines industry. The reason is hardly customers are concerned about using unique and high priced parts for their machines. In fact, the emphasis is basically on sustainable and good quality products. This type of strategy mostly applies in the apparel & garment industry, cellular industry, electronics industry (including personal computers, T.Vs etc.), cosmetic industry etc. Implications of Porter’s Generic Strategy In the above section, a brief analysis has been done of each of the three porter’s strategy. Coming to back to Parts Limited and before analyzing which strategy can prove to be productive for Parts Limited; all the three strategies need to be analyzed in respect of Parts Limited. a) Product Differentiation Parts Limited has been utilizing product differentiation strategy. It