The Great Depression Of Indiana - 1757 Words

Research Joshua Kehoe Indiana University East March 22, 2017 Abstract Farmland, Indiana has a vibrant history from its early days as a Beeline stop to the days of Ansel Tony, the kite man, and now as a lively town. Farmland experienced some downtime in its history because it was a town that had to go through the Great Depression. Today Farmland has become lively and is starting to thrive again with some businesses moving in and run-down houses being restored to new again. Farmland, Indiana has been a town since 1852 in Randolph County Indiana and was a station on the Bellfontaine Railroad, or as others may call it the Bee Line. Commerce based on agriculture and, by late 1880s, gas and oil production†¦show more content†¦Housing crews have repaired most, if not all, of the run-down houses that have burdened the cities appeal over the years. I know of 3 houses that have in the last year been repaired to new and are now being sold. The History of Farmland Farmland got its start in 1852 after being founded by Henry D. Huffman and William Macy as a station on the Bellfontaine Railroad. On July 28th 1852 the two gentlemen platted Farmland on their farms. The town consisted of 152 lots including 6 streets, all of which are present today. Many cities that started on the railroad were thrust into a thriving economical environment. Being a station this allowed the city to quickly increase its population and annual revenue. There were many people that saw this economic opportunity and started forming farms alongside the town because it gave them quick access to the railroad. Thus their transportation costs were lower than other farmers. The agricultural business started to boom in the small town and drew more people into the town. People seized the economic opportunities that presented themselves. Sadly though the town did grow slow. But in 1870 the census found 532 people residing there. Starting from just two families the town ga ined over 500 residents in just 18 years. That is truly remarkable for the time that our nation was in. The fires. Farmland was almost completelyShow MoreRelatedGreat American Authors: Kurt Vonnegut890 Words   |  4 Pages Kurt Vonnegut When people are asked to name great American authors names come up like Mark Twain, Harriet Beecher Stowe, Louisa Alcott, but Kurt Vonnegut would not make their lists. This is because no one really knows who he is because he is taught in school. His book Slaughterhouse five show the destructiveness of war and cannot really be taught like Uncle toms Cabin where that book showed the real side of slavery. There are many well-known American authors but very few that defined American LiteratureRead MoreEssay on Theodore Dreiser1291 Words   |  6 Pages Theodore Dreiser Theodore Dreiser was born August 27, 1871 in Terre Haute, Indiana. 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Beginning from a young age, the dark side of Dillinger became evident, as he created and led a gang called ‘The Dirty Dozen’ . The worst criminal act the ‘Dirty Dozen’ participated in consisted of stealing coal from the nearby railroadRead MoreThe Energy Industry Of The Electric Utilities Industry1477 Words   |  6 Pages$1.808 billion with revenues in 2015 of $16.5 billion and assets of $61.68 billion with approximately 17,600 employees from all locations. The company serves Arkansas, West Virginia, Texas, Tennessee, Michigan, Oklahoma, Kentucky, Louisiana, and Indiana with a service territory of over 200,000 square miles. AEP is also known as the parent company to SWEPCO in some states. There are four main values at AEP: Zero Harm, Integrity Stewardship, Adapt Achieve, and Customer Focus. â€Å"AEP’s Mission: BringingRead MoreGraduation Speech On My Freshman Year936 Words   |  4 Pagesfinancial situation improved with him, so I enrolled in Austin for my first semester of sophomore year. 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Karl Marx s Influence On The Social And Political Fields

The philosopher, social scientist, historian, and revolutionary, Karl Marx, is the most compelling socialist scholar to rise in the nineteenth century. Disregarded by fellow researchers, Marx’ impact in the social, financial, and political sectors influenced the socialist development after his demise in 1883. Recently, a large following claim to be Marxist and this achievement implies that the ideas and beliefs of Marx continue to expand and evolve, continually influencing the socioeconomic and political fields. His ideology was more â€Å"justification† and believed in a ruling class. Many countries have taken this concept and continually revise it to work within their government to improve its society. Karl Heinrich Marx, born May 5, 1818 into a white-collar class home in Trier on the stream of Moselle came from a lineage of rabbis. Although born Jewish, when the laws forbad his father, a lawyer, to advance his social class, they converted to Lutheranism, yet did not practice Christianity. Openly an atheist, Marx’ ideology was based heavily on a more socialistic communism view, which theorists believed was a religion within itself, and so â€Å"Marxism† was born. This concept changed how social class developed and gave dimensions to governmental and socio-economic factors. After an raucous year at the University of Bonn, Marx’ parents enrolled him into the University of Berlin, where he studied law and became enamored with the philosophy of G.W. F. Hegel. Abandoning hisShow MoreRelatedKarl Marx, Emile Durkheim And Max Webers Influence On Religion1727 Words   |  7 PagesThree theorists, Karl Marx, Emile Durkheim and Max Weber, are undoubtedly the fathers of modern sociology. â€Å"Nineteenth century Western Europe was pounded by pivotal forces of transformation. 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Take to be a Good Parent

Question: What does it take to be a good parent? Answer: The bond of a child with his parent is one of the beautiful relationships in this world. This bond is full of affection and love. However, there are instances, in which kids do not share a pleasant relationship with their parents. When man and woman marries and have kids, it is not necessary that each couple becomes good parents as well. They might not be worthy to become parents due to lack of devotion and commitment towards their role (Braeuner, 2013). There are many characteristics that one needs to acquire in order to be a good parent. These characteristics are: Acceptance to the role: One of the first characteristics required to be a good parent is the acceptance to the role. Often the first child is resented since it forces the woman to leave his career and make other sacrifices in her life while the man no longer gets time with his lady. But the new born must be given time and acceptance so that one should be called a good parent. Cultivating right habits: Second essential characteristic to be a good parent is to cultivate right habits. Pampering kids is acceptable up to a certain limit but when it starts spoiling his life then it is the right time to stop him/her. To be a good parent, it is crucial to cultivate those habits in the kid, which help him face the challenges in life. It is said that parenthood is a full time job and creating right atmosphere at home is highly essential to prepare kid for life (Palumbo, 2013). Understand kid: Third essential quality to be a good parent is to understand your kid. During the teenage years, the kid often has many wishes and this is the time when every parent needs to turn his/her friend. The teenage is a phase in a kids life, which has a high impact on the relationship of kid and parent. It can either become sour or pleasant depending upon the understanding level of each other. It is essential that parent understand his kid like a friend so that he/she can share everything with the parent. Change with time: Fourth essential characteristic to be a good parent is to change with time. With generation, there is a high need that parents upgrade them with time and cope up with the preferences of their kids. When they will change with time, it is only then, they will be able to understand their kid well. Balance your life: Fifth crucial quality to be a good parent is to balance your personal and professional life in case mother and father are working. Kids require spending quality time with their each parent to understand and feel the warmth of love (Family Doctor, 2012). These are some of the characteristics to be a good parent. It is believed that being a good parent is a growing process and keeps maturing with time. References Braeuner, S. (2013). What Does It Take to Be a Good Parent?. https://everydaylife.globalpost.com/good-parent-5442.html . Accessed on 27 July, 2015. Palumbo, P. (2013). Got Good Parenting? It's Not Just about Breast Milk or Extracurricular Schedules. https://www.psychologytoday.com/blog/momma-data/201208/got-good-parenting-its-not-just-about-breast-milk-or-extracurricular . Accessed on 27 July, 2015. Family Doctor, (2012). Parenting Tips. https://familydoctor.org/familydoctor/en/kids/parenting/parenting-tips.html . Accessed on 27 July, 2015.

Product Proliferation

Product proliferation refers to a situation that arises when a specific organization markets almost similar products but introduces slight variations to increase its market share (Berman, 2010). These products are only differentiated through aspects like color, shape and product size. Product proliferation has both positive and negative effects with regard to the market.Advertising We will write a custom essay sample on Product Proliferation specifically for you for only $16.05 $11/page Learn More One of the strategies employed by companies that adopt product proliferation is a broad product line, which is perceived to translate to increased overall demand. Secondly, an extensive product line in relation to supply has been known to affect the market through increased costs. Lastly, an extended product line, especially by large scale manufacturers, mostly deters other players from joining the market. This will translate to increased prices by the incumben t firm (Barnett and Freeman, 2001). Although there is no clear-cut study that has been done to assess the three aspects given above empirically, it is crucial to mention that it has been suggested from previous studies that product proliferation strategies have no uni-dimensional explanation in relation to decision making as product proliferation has an impact on both demand (market share) and supply (price). The market outcome is determined in terms of product proliferation by competitive structural factors that influence product line decisions in a firm (Bayus, 1999). Product proliferation is used as a means to curb rivalry within an industry as competition is based on product differentiation rather than price. Product proliferation facilitates competitiveness, which is based on perceived uniqueness of the product, quality and lastly performance of the product. Some critiques argue that product proliferation has led to wastage of resources as it works well when there is a boom in the market. When a recession hits, even powerful companies experience major stability problems. This is directly linked to excessive investment costs. Most car makers churn out various models of vehicles, a practice that has led to immense competition between car makers. This has translated to increased demand for iron and aluminum which are the raw materials for the automobile manufacturing industry. To reduce cannibalization of these products, there is a need to intuitively target the changing customer needs by building a full contact through watching and questioning those creative market segment. The other aspect of minimizing cannibalization of products is by coming up with ways of out-innovating other competitors by expanding the product line.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This comes in the way manufacturers plan their innovation to incrementally change to capitalize maximally on previous developments and modern ones to absorb common parts and other components that would otherwise go to waste. The other means through which cannibalization of products by product proliferation can be reduced is by critically adopting the continuous improvement approach. Many traditional industries are known to instinctively operate within quad rum of pure quality concerning cost model, where any slight modification in design, quality or even features will translate into increased prices. Most prestigious car manufacturers have adopted this model of trade-off curve like BMW and Mercedes-Benz brands. In more than one way, product proliferation leads to wastage of economic resources Product proliferation has gained momentum with the rise of a middle-class section of the population, which is the main proponent of consumerism. This middle-class mentality is centered on getting custom-designed products that are affordable and act as a source of prestige. This is worsene d by established businesses which have a culture of demanding for private brands or labels which are mostly put in display and promotional packs. This has been made easy by the rise of globalization where products must adhere to specific requirements such as labels that are translated in different languages. Other negative aspects arise with product proliferation. For instance, due to its dynamism, it is practically impossible to manage product proliferation. In recent times, most of the large scale manufacturers have resulted in pruning their products rather than coming up with new ones. What this means to those manufacturers coming into the market is that they cannot compete as the veteran companies will determine the prices of products that are offered in a particular industry. This is made complex by the unpredictable change of the landscape of consumer demands. As new consumer demand rise so will the companies attempt to meet these demands and maintain the existing market share . Measures Associated With Product Proliferation Capacity Control Capacity control emanates from industry players producing too much output to caution against making tremendous losses, and manufacturers result from cutting on prices. Other players respond similarly and reduce their prices causing a price war. Although excessive production may result from too much output from manufacturers other factors like a shortfall in demand due to a recession may also cause excessive output in the market. Paradoxically, the effort of each industry players to outperform the other results in overcapacity which bites them all.Advertising We will write a custom essay sample on Product Proliferation specifically for you for only $16.05 $11/page Learn More Design as a Strategy Design as a strategy has been adopted as a means towards enhancing product proliferation in a market; one of the latest companies to take this strategy is Thomson Consumer Electronics (TCE). The co mpany is a manufacturer of different brands of TV sets. As noted by Aguirregabiria and Mira, (2007), design as a strategy entails aspects such as the product’s feel, look, touch, and ergonomics. For many manufacturers, the design is not merely cosmetics add-ons, but a corporate identity that separates them from other manufacturers. A company’s product design is synonymous with the quality of the product. The design has been used by various companies like house furnishing where it acts as the company label or the brand. Design goes beyond styling. It conveys quality and also improves margins. There are various enhancements that design puts on a product. One is the aesthetic quality which causes appeal of a product; the design also increases the safety of a product making it pleasing to touch and use. Thirdly, the design ensures a product is easy to operate, clean, handle and install. The most crucial aspect of the design is that it should be economical to manufacture an d also recycle (Aguirregabiria and Mira, 2007). Innovation as a Strategy Innovation serves as the basis for product proliferation as it curves a niche for a company and places it as a guru in industrial breakthrough. Some of the companies that have come up with unique innovations in recent times include companies such as Apple which came up with the icon-based personal computer; Michelin came up with its radial tire, Pilkington which also came up with the floating glass process. All these innovations have placed their companies in great heights. Innovation as a strategy is challenging to maintain and thus very risky. Most companies see innovation as not a sustainable competitive strategy. This has translated to increased product proliferation as there are no new products, but the only modification of the previous inventions. It is critical to mention that the period sustained by new design roughly translates to how fruitful one’s venture will be in the form of profit as the m arket becomes an oligopoly. This consistency of being always on the lead ensures a loyal customer base. Innovation in product proliferation takes two distinctive approaches, either by nature and trust, where innovation trickles from management downwards, or it may be characterized by innovation rising from bottom-up. The bottom-up approach originates from the workers, and their suggestions are passed through the organizational hierarchy to the management.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This approach has been hailed by Bayus and Putsis (1999) as it promotes ownership of the innovation which further translates to success as far as market penetration and future product success is concerned. This means that innovation is spontaneous throughout the organization. Service as a Strategy Lastly, in product proliferation, service as a strategy translates to how much a company will succeed than the other. Most manufacturers do not consider service as being important. Generally, it is the product that receives much attention since it’s a source of competitive advantage. Service, on the other hand, is seen as a necessity that is incurred, rather than an added value. In product proliferation, there is an immense need to have an efficient and sufficient service delivery since there are various similar products in the offing. It is estimated that companies lose 15-20% of their customers on an annual basis. Now for a market that is oversupplied, there is a need to keep a st rong customer base, and this can only be achieved through customer satisfaction. Swift and effective handling of complains and inquiries together with friendly customer approach will always keep customers coming back. Reference List Aguirregabiria, V. and Mira, P. 2007. Sequential Estimation of Dynamic Discrete Games. Econometrica, 75 (1) Pp.1–53. Web. Barnett, W., P., and Freeman, J. 2001. Too Much of a Good Thing? Product Proliferation and Organizational Failure. Organization Science. 12(5). Pp. 539-558. Web. Bayus, B., L., and Putsis, W., P. 1999. Product Proliferation: An Empirical Analysis of Product Line Determinants and Market Outcomes. Marketing Science. 18(2) Pp. 137–153. Web. Berman, B. 2010. Products, Products Everywhere: Do companies really need to sell so many varieties of similar goods? No. Wall Street Journal. Issue. Web. This essay on Product Proliferation was written and submitted by user Genevieve W. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here. Product Proliferation