Principles of Marketing | Dissertation

Principles of Marketing | Dissertation Definition of Marketing Marketing is part of all of our lives and touches us in some way every day. Most people think that marketing is only about the advertising and/or personal selling of goods and services. Advertising and selling, however, are just two of the many marketing activities. In general, marketing activities are all those associated with identifying the particular wants and needs of a target market of customers, and then going about satisfying those customers better than the competitors. This involves doing market research on customers, analyzing their needs, and then making strategic decisions about product design, pricing, promotion and distribution. Philip Kotler says, Marketing is managing profitable customer relationships. The twofold goal of marketing is to attract new customers by promising superior value and to keep and grow current customers by delivering satisfaction. Broadly defined, marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging value with others. Narrowly defined marketing involves building profitable, value-laden exchange relationships with customers. In short, it has been defined as the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return. The new definition given by American Marketing Association reads, Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. The marketing process Create value for customers and build customer relationships Capture value from customers in return In the first four steps, companies work to understand consumers, create customer value and build strong customer relationships. In the final step, companies reap the rewards of creating superior customer value. By creating value for customers, they in turn capture value from customers in the form of sales, profits and long term customer equity. Core concepts of marketing Target Markets and Segmentation A marketer can rarely satisfy everyone in a market. Everyone in the market has different taste, likeliness, income and spending habit. Not everyone likes the same soft drink, automobile, college, and movie. Therefore, marketers start with market segmentation. They identify and profile distinct groups of buyers who might prefer or require varying products and marketing mixes. Market segments can be identified by examining demographic, psychographic, and behavioral differences among buyers. The firm then decides which segments present the greatest opportunity—whose needs the firm can meet in a superior fashion. The lucrative segment/s are selected or targeted for offering/selling the product. For each chosen target market, the firm develops a market offering. The offering is positioned in the minds of the target buyers as delivering some central benefit(s). For example, Volvo develops its cars for the target market of buyers for whom auto- mobile safety is a major concern. Volvo , therefore, positions its car as the safest car a customer can buy. Customer Needs, Wants and Demands Needs are the basic human requirements. People need food, air, water, clothing, and shelter to survive. People also have strong needs for creation, education, and entertainment. The above needs become wants when they are directed to specific objects that might satisfy the need. An American needs food but may want a hamburger, French fries, and a soft drink. A person in Mauritius needs food but may want a mango, rice, lentils, and beans. Wants are shaped by ones society. Demands are wants for specific products backed by an ability to pay. Many people want a Mercedes; only a few are able to buy one. Companies must measure not only how many people want their product but also how many would actually be willing and able to buy it. Product or Offering Customers needs and wants are fulfilled through a marketing offer or product. A product is any offering that can satisfy a need or want, such as one of the 10 basic offerings of goods, services, experiences, events, persons, places, properties, organizations, information, and ideas. A brand is an offering from a known source. A brand name such as McDonalds carries many associations in the minds of people: hamburgers, fun, children, fast food, and golden arches. These associations make up the brand image. All companies strive to build a strong, favorable brand image. Value and Satisfaction In terms of marketing, the product or offering will be successful if it delivers value and satisfaction to the target buyer. The buyer chooses between different offerings on the basis of which is perceived to deliver the most value. We define value as a ratio between what the customer gets and what he gives. The customer gets benefits and assumes costs, as shown in this equation: Based on this equation, the marketer can increase the value of the customer offering by (1) raising benefits, (2) reducing costs, (3) raising benefits and reducing costs, (4) raising benefits by more than the raise in costs, or (5) lowering benefits by less than the reduction in costs. Exchange and Transactions Exchange, the core of marketing, involves obtaining a desired product from someone by offering something in return. For exchange potential to exist, five conditions must be satisfied: There are at least two parties. Each party has something that might be of value to the other party. Each party is capable of communication and delivery. Each party is free to accept or reject the exchange offer. Each party believes it is appropriate or desirable to deal with the other party. Whether exchange actually takes place depends upon whether the two parties can agree on terms that will leave them both better off (or at least not worse off) than before. Exchange is a value-creating process because it normally leaves both parties better off. Marketing Mix Marketers use numerous tools to elicit the desired responses from their target markets. These tools constitute a marketing mix. Marketing mix is the set of marketing tools that the firm uses to pursue its marketing objectives in the target market. McCarthy classified these tools into four broad groups that he called the four Ps of marketing: Product, Price, Place, and Promotion. Robert Lauterborn suggested that the sellers four Ps correspond to the customers four Cs. Winning companies are those that meet customer needs economically and conveniently and with effective communication. Marketing Philosophies and Concepts There are five competing concepts under which organizations conduct marketing activities: produc- tion concept, product concept, selling concept, marketing concept, and societal mar- keting concept. The Production Concept The production concept, one of the oldest in business, holds that consumers prefer products that are widely available and inexpensive. Managers of production-oriented businesses concentrate on achieving high production efficiency, low costs, and mass distribution. This orientation makes sense in developing countries, where consumers are more interested in obtaining the product than in its features. It is also used when a company wants to expand the market. Texas Instruments is a leading exponent of this concept. It concentrates on building production volume and upgrading technology in order to bring costs down, leading to lower prices and expansion of the market. This orientation has also been a key strategy of many Japanese companies. The Product Concept Other businesses are guided by the product concept, which holds that consumers favor those products that offer the most quality, performance, or innovative features. Managers in these organizations focus on making superior products and improving them over time, assuming that buyers can appraise quality and performance. Product-oriented companies often design their products with little or no customer input, trusting that their engineers can design exceptional products. A General Motors executive said years ago: How can the public know what kind of car they want until they see what is availablefi GM today asks customers what they value in a car and includes marketing people in the very beginning stages of design. The Selling Concept The selling concept, another common business orientation, holds that consumers and businesses, if left alone, will ordinarily not buy enough of the organizations products. The organization must, therefore, undertake an aggressive selling and promotion effort. This concept assumes that consumers must be coaxed into buying, so the company has a battery of selling and promotion tools to stimulate buying. The selling concept is practiced most aggressively with unsought goods—goods that buyers normally do not think of buying, such as insurance and funeral plots. The selling concept is also practiced in the nonprofit area by fund-raisers, college admissions offices, and political parties. Most firms practice the selling concept when they have overcapacity. Their aim is to sell what they make rather than make what the market wants. The Marketing Concept The marketing concept, in the mid-1950s, challenges the three business orientations we just discussed. The marketing concept holds that the key to achieving organizational goals consists of the company being more effective than its competitors in creating, delivering, and communicating customer value to its chosen target markets. The marketing concept focuses on the needs of the buyer. Marketing is preoccupied with the idea of satisfying the needs of the customer by means of the product and the whole cluster of things associated with creating, delivering and finally consuming it. The marketing concept rests on four pillars: target market, customer needs, integrated marketing, and profitability. The marketing concept takes an outside-in perspective. It starts with a well-defined market, focuses on customer needs, coordinates activities that affect customers, and produces profits by satisfying customers. The Societal Marketing Concept Some have questioned whether the marketing concept is an appropriate philosophy in an age of environmental deterioration, resource shortages, explosive population growth, world hunger and poverty, and neglected social services. Are companies that successfully satisfy consumer wants necessarily acting in the best, long-run interests of consumers and societyfi The marketing concept sidesteps the potential conflicts among consumer wants, consumer interests, and long-run societal welfare. Yet some firms and industries are criticized for satisfying consumer wants at societys expense. Such situations call for a new term that enlarges the marketing concept. We propose calling it the societal marketing concept, which holds that the organizations task is to determine the needs, wants, and interests of target markets and to deliver the desired satisfactions more effectively and efficiently than competitors in a way that preserves or enhances the consumers and the societys well-being. The societal marketing concept calls upon marketers to build social and ethical considerations into their marketing practices. They must balance and juggle the often confiicting criteria of company profits, consumer want satisfaction, and public interest. Yet a number of companies have achieved notable sales and profit gains by adopting and practicing the societal marketing concept. Marketing vs. Selling Oftentimes, marketing and sales are perceived interchangeably. But in actuality, these are two different things. Selling is a small portion of the entire marketing scheme. Selling is the transaction where a product is transferred from the business owner to a buyer for a price. In contrast, marketing is a process that involves several steps ranging from the generation of a product idea to the delivery of that product to the customer. Even after delivery of the product to the customer, the marketing process continues with direct communication with the customer to obtain feedback about the product. Profits from satisfied customers Theodore Levitt of Harvard drew a perceptive contrast between the selling and marketing concepts: Selling focuses on the needs of the seller; marketing on the needs of the buyer. Selling is preoccupied with the sellers need to convert his product into cash; marketing with the idea of satisfying the needs of the customer by means of the product and the whole cluster of things associated with creating, delivering and finally consuming it. The marketing concept rests on four pillars: target market, customer needs, integrated marketing, and profitability. The selling concept takes an inside-out perspective. It starts with the factory, focuses on existing products, and calls for heavy selling and promoting to produce profitable sales. The marketing concept takes an outside-in perspective. It starts with a well-defined market, focuses on customer needs, coordinates activities that affect customers, and produces profits by satisfying customers. CHAPTER 2 MARKETING ENVIRONMENT In order to correctly identify opportunities and monitor threats, the company must begin with a thorough understanding of the marketing environment in which the firm operates. The marketing environment consists of all the actors and forces outside marketing that affect the marketing managements ability to develop and maintain successful relationships with target customers. A companys marketing environment consists of the actors and forces outside marketing that affect marketing managements ability to develop and maintain successful relationships with its target customers Importance: The marketing environment offers both opportunities and threats Changes in the marketing environment often occur at a rapid pace. Marketers tend to be trend trackers and opportunity seekers. The company must use its marketing research and marketing intelligence systems to monitor the changing environment. A systematic scan of the environment helps marketers to revise and adapt marketing strategies to meet new challenges and opportunities in the market place. The marketing environment is made up of a micro environmental and macro environment. The Companys Microenvironment The micro environment consists of six forces (actors) close to the company that affect its ability to serve its customers: The company itself (including various internal departments) Suppliers. Marketing channel firms (intermediaries) Customer markets. Competitors. Publics. The Company The first actor is the company itself and the role it plays in the microenvironment. Top management is responsible for setting the companys mission, objectives, broad strategies, and policies. Marketing managers must make decisions within the parameters established by top management. Marketing managers must also work closely with other company departments. Areas such as finance, R D, purchasing, manufacturing, and accounting all produce better results when aligned by common objectives and goals. All departments must think consumer if the firm is to be successful. Suppliers Suppliers are firms and individuals that provide the resources needed by the company and its competitors to produce goods and services. They are an important link in the companys overall customer value delivery system. One consideration is to watch supply availability (such as supply shortages). Another point of concern is the monitoring of price trends of key inputs. Marketing Intermediaries Marketing intermediaries are firms that help the company to promote, sell, and distribute its goods to final buyers. Resellers are distribution channel firms that help the company find customers or make sales to them. These include wholesalers and retailers who buy and resell merchandise. Resellers often perform important functions more cheaply than the company can perform itself. Seeking and working with resellers, however, is not easy because of the power that some demand and use. Physical distribution firms help the company to stock and move goods from their points of origin to their destinations. Examples would be warehouses (that store and protect goods before they move to the next destination). Marketing services agencies (such as marketing research firms, advertising agencies, media firms, etc.) help the company target and promote its products to the right markets. Financial intermediaries (such as banks, credit companies, insurance companies, etc.) help finance transactions and insure against risks associated with buying and selling goods. Customers The company must study its customer markets closely because each market has its own special characteristics. These markets normally include: Consumer markets (individuals and households that buy goods and services for personal consumption). Business markets (buy goods and services for further processing or for use in their production process). Reseller markets (buy goods and services in order to resell them at a profit). Government markets (agencies that buy goods and services in order to produce public services or transfer them to those that need them). International markets (buyers of all types, including governments, in foreign countries). Competitors Every company faces a wide range of competitors. A company must secure a strategic advantage over competitors to be successful in the marketplace. No single competitive strategy is best for all companies . Publics A public is any group that has an actual or potential interest in or impact on an organizations ability to achieve its objectives. A company should prepare a marketing plan for all of its major publics as well as its customer markets. Generally, publics can be identified as being: Financial publics. Media publics. Government publics. Citizen-action publics. Local publics. General public. Internal publics. The Companys Macroenvironment The macroenvironment consists of the larger societal forces that affect the microenvironment: Demographic. Economic. Natural. Technological. Political. Cultural The company and all of the other actors operate in a larger macroenvironment of forces that shape opportunities and pose threats to the company. Major forces in the companys macroenvironment include: Demographic Environment Demography is the study of human populations in terms of size, density, location, age, sex, race, occupation, and other statistics. It is of major interest to marketers because it involves people, and people make up markets. Demographic trends are constantly changing. Some of the more interesting trends are: The worlds population (though not all countries) rate is growing at an explosive rate that will soon exceed food supply and ability to adequately service the population. The greatest danger is in the poorest countries where poverty contributes to the difficulties. The most important trend is the changing age structure of the population. Generational marketing is possible, however, caution must be used to avoid generational alienation. Changing family structure Geographic shifts in population will also alter demographics. Changing educational level : In general, the population is becoming better educated. The work force is becoming more white-collar. Products such as books and education services appeal to groups following this trend. Technical skills (such as in computers) will be a must in the future. The final demographic trend is the increasing ethnic and racial diversity . Economic Environment The economic environment includes those factors that affect consumer buying power and spending patterns. Major economic trends include: Changes in income—personal consumption (along with personal debt) has gone up (1980s) and the 1990s brought recession that has caused adjustments both personally and corporately in this country. In the 2000s, consumers are more careful shoppers. Value marketing (trying to offer the consumer greater value for their dollar) is a very serious strategy in the 2000s. Real income is on the rise again but is being carefully guarded by a value-conscious consumer. Income distribution is still very skewed in the United States and all classes have not shared in prosperity. In addition, spending patterns show that food, housing, and transportation still account for the majority of consumer dollars. It is also of note that distribution of income has created a two-tiered market where there are those that are affluent and less affluent. Classes of consumers include: Upper class—spending patterns are not affected by current economic events and who are a major market for luxury goods. Middle class—somewhat careful about its spending but can still afford the good life some of the time. Working class—must stick close to the basics of food, clothing, and shelter and must try hard to save. Under class—(persons on welfare and many retirees) must count their pennies when making even the most basic purchases. Changing consumer spending patterns: Consider Engles Laws where differences were noted over a century ago by Ernst Engle regarding how people shift their spending across food, housing, transportation, health care, and other goods and service categories as family income rises. Spending patterns have generally supported his ideas. Marketers must carefully monitor economic changes so they will be able to prosper with the trend, not suffer from it. Natural Environment The natural environment involves natural resources that are needed as inputs by marketers or that are affected by marketing activities. During the past two decades environmental concerns have steadily grown. Some trend analysts labeled the 1990s as the Earth Decade, where protection of the natural environment became a major worldwide issue facing business and the public. Specific areas of concern were: Shortages of raw materials. Staples such as air, water, and wood products have been seriously damaged and non-renewable such as oil, coal, and various minerals have been seriously depleted during industrial expansion. Increased pollution is a worldwide problem. Industrial damage to the environment is very serious. Far-sighted companies are becoming environmentally friendly and are producing environmentally safe and recyclable or biodegradable goods. The public response to these companies is encouraging. Government intervention in natural resource management has caused environmental concerns to be more practical and necessary in business and industry. Leadership, not punishment, seems to be the best policy for long term results. Instead of opposing regulation, marketers should help develop solutions to the material and energy problems facing the world. Concern for the natural environment has spawned the so-called green movement. Environmentally sustainable strategies and practices are being created. Companies are recognizing a link between a healthy economy and a healthy ecology. Technological Environment The technological environment includes forces that create new technologies, creating new product and market opportunities. Technology is perhaps the most dramatic force shaping our destiny. New technologies create new markets and opportunities. Every new technology, however, replaces an older technology. The challenge is not only technical but also commercial—to make practical, affordable versions of products. Political Environment The political environment includes laws, government agencies, and pressure groups that influence and limit various organizations and individuals in a given society. Business is regulated by various forms of legislation. Governments develop public policy to guide commerce—sets of laws and regulations limiting business for the good of society as a whole. Almost every marketing activity is subject to a wide range of laws and regulations. Some trends in the political environment include: Increasing legislation to: Protect companies from each other. Protecting consumers from unfair business practices. Protecting interests of society against unrestrained business behavior. Changing government agency enforcement. New laws and their enforcement will continue or increase. Increased emphasis on ethics and socially responsible actions. Socially responsible firms actively seek out ways to protect the long-run interests of their consumers and the environment. The recent rash of business scandals and increased concerns about the environment have created fresh interest in the issues of ethics and social responsibility. The boom in e-commerce and Internet marketing has created a new set of social and ethical issues. Privacy issues are the primary concern. Another cyberspace concern is that of access by vulnerable or unauthorized groups. Cultural Environment The cultural environment is made up of institutions and other forces that affect societys basic values, perceptions, and behaviors. Certain cultural characteristics can affect marketing decision-making. Among the most dynamic cultural char- acterisitics are: Persistence of cultural values. Peoples core beliefs and values have a high degree of persistence. Core beliefs and values are passed on from parents to children and are reinforced by schools, churches, business, and government. Secondary beliefs and values are more open to change. Shifts in secondary cultural values. Because secondary cultural values and beliefs are open to change, marketers want to spot them and be able to capitalize on the change potential. The Yankelovich Monitor has identified eight major consumer themes: Paradox. Trust not. Go it alone. Smarts really count. No sacrifices. Stress hard to beat. Reciprocity is the way to go. Me 2. Societys major cultural views are expressed in: Peoples views of themselves. People vary in their emphasis on serving themselves versus serving others.. Peoples views of others. Observers have noted a shift from a me-society to a we-society. Consumers are spending more on products and services that will improve their lives rather than their image. Peoples views of organizations. People are willing to work for large organizations but expect them to become increasingly socially responsible. Many companies are linking themselves to worthwhile causes. Peoples views of society. This orientation influences consumption patterns. Buy American versus buying abroad is an issue that will continue into the next decade. Peoples view of nature. There is a growing trend toward peoples feeling of mastery over nature through technology and the belief that nature is bountiful. Nature, however, is finite. Love of nature and sports associated with nature are expected to be significant trends in the next several years. Peoples views of the universe. Studies of the origin of man, religion, and thought-provoking ad campaigns are on the rise. Spiritual individualism may be a new theme. Chapter 3 Marketing segmentation Market Segmentation It is the process of dividing a market into distinct group of buyers who have distinct needs, characteristics or behavior and who might require separate product or marketing mixes. Market segment A group of consumers who respond in a similar way to a given set of marketing efforts. For Example: In the car market, consumers who want the biggest, most comfortable car regardless of the price make up one market segment. Consumers who care mainly about price and operating economy make up another segment. Requirements of Market Segments In addition to having different needs, for segments to be practical they should be evaluated against the following criteria: Identifiable: the differentiating attributes of the segments must be measurable so that they can be identified. Accessible: the segments must be reachable through communication and distribution channels. Substantial: the segments should be sufficiently large to justify the resources required to target them. Unique needs: to justify separate offerings, the segments must respond differently to the different marketing mixes. Durable: the segments should be relatively stable to minimize the cost of frequent changes. A good market segmentation will result in segment members that are internally homogenous and externally heterogeneous; that is, as similar as possible within the segment, and as different as possible between segments. Bases for Segmentation in Consumer Markets Consumer markets can be segmented on the following customer characteristics. Geographic Demographic Psychographic Behavioral Geographic Segmentation The following are some examples of geographic variables often used in segmentation. Region: by continent, country, state, or even neighborhood Size of metropolitan area: segmented according to size of population Population density: often classified as urban, suburban, or rural Climate: according to weather patterns common to certain geographic regions Demographic Segmentation Some demographic segmentation variables include: Age Gender Family size Family lifecycle Generation: baby-boomers, Generation X, etc. Income Occupation Education Ethnicity Nationality Religion Social class Many of these variables have standard categories for their values. For example, family lifecycle often is expressed as bachelor, married with no children (DINKS: Double Income, No Kids), full-nest, empty-nest, or solitary survivor. Some of these categories have several stages, for example, full-nest I, II, or III depending on the age of the c

Sound Body

A sound body is the most splendid treasure a man can cherish. A sound body means that you are so splendidly strong and well that you can bear the roughest experiences without becoming ill. The body is a living thing to be put out in the air and the sunshine. The more roughly you treat your body, the stronger will it be. Physical harmony is an index and expression of a harmonious mind. If one wants to build up one's mind, one must build up first the body. Man has a body as well as a mind. So intimate is the relationship between the two that the neglect of one is bound to have adverse effect on the other.And so, a harmonious development of both, or, in other words, a sound mind in a sound body should be the aim of every man. The mind and the body are inter-related, so that the health of one is the health of the other, and the ills of one are the ills of the other. The sounder the body, the sounder the mind that resides in it. A healthy man is always happy. He feels inclined to work. He feels inclined to serve others. A man with a sound body is full of optimism. He goes ahead. He presses on and on. Nothing can daunt him.Nothing can handicap him and nothing can frustrate him. He is enthusiastic and energetic. He radiates health, hope and happiness wherever he goes. He is loved and liked by one and all. He makes friends wherever he goes. He moves mountains. He gets over all difficulties and hurdles. His strong mind fears none. The mind of a man with shattered body and health is always full of pessimism and sorrow. He has no heart to do anything. He likes to mope and whine in a corner. He tells his sad tale of woe to everybody he meets.He has no hope and sunshine to scatter. Life has no charm for him. He is sick of it. He feels disgusted with it. His mind is diseased. His enthusiasm is dead. He is no better than a dead man. A child has a sound body and consequently a sound mind. He is always happy. He smiles his way into the heart of everybody. Everybody feels drawn and attracted towards him. Who does not want to love and fondle him? Who does not like to kiss his sweet, angelic face? His very sight, his movements, his innocent prattle, fill even the gloomiest heart with joy.On the other hand, take the case of an old man, with shattered health, toothless mouth, sunken eyes and shriveled skin. He always talks of death. He is completely disillusioned. For him the world is a vale of tears. He does not like his own wife and children. He has no taste for anything. He condemns one and all. Only a man with a sound body can enjoy real contentment and true peace of mind. A man with a diseased body is never in a happy and contented state of mind. He is always complaining and grumbling. His mind is seldom at peace.For him life is a burden. A man may be very rich but he cannot enjoy his riches if he is always sick. A judge may be very able but he cannot play his part efficiently if he is constantly worried by one bodily ailment or another. The head of a Sta te may be the ablest man in the world but he cannot function effectively if he is constantly tormented by some disease. A doctor may be the best physician or surgeon but he is of no use to society if due to his illness, he cannot attend to his work in the hospital for more than two days in a week.However rich or educated a person may be, if he is physically harassed, life becomes something of a burden to him. â€Å"A nation of healthy and bright young men and women is an asset to our modern human civilization. Citizens of tomorrow, as the students of today are called, shall have to combine a healthy physique with a healthy intellect. The trophies of success have been won by those young men and women who laid emphasis on oft-quoted dictum ‘healthy body healthy mind'. â€Å"

Conservative Party From 1951 To 1964 Essay

1) Labour failed to modernise its policies to a move affluent Britain and the party was constantly divided 2) The parliamentary party was split between the Left and Right: left-wing Bevan’s wanted an expansion of the public sector & hostile to Gaitskell, who did not 3) Gaitskell became leader after Wilson and agreed on a social democracy rather than a socialist one, but failed to remove Clause IV in 1961 Labour weakness enabled the Conservatives to avoid the electoral consequences of their mistakes, partially 1) Suez 1956 2) Resignation of Eden Conclusion The Labour party was dominating in votes up to 1950, however that year the difference between Labour and Conservative parties was very neglectful. There are several factors that might have contributed to Labours loss of power in 1951. The Labour government was associated with the period of austerity when people had to overcome rationing and devaluation. Additionally, many key members of the Cabinet were exhausted or unwell. Moreover, they were split internally and the event with Gaitskell that led to Bevan’s resignation in 1951, undermined the cohesion of the government. In comparison to them, the conservative party seemed to be more convincing at that period. The reign of Conservatives began in 1951 and lasted for 13 years, when Winston Churchill ran his campaign for election, and eventually, won. Here were several reasons that guaranteed his success: he agreed to maintain the post-war consensus that kept full employment under Keynesian policy and allowed to enlarge the system of social services. Moreover, Churchill’s second election victory was partially due to the gratitude of British public for being a good wartime leader. Another point is that, Conservatives reorganised the system of internal work and its campaign that was oriented toward gaining of additional votes. Also, they brought young and bright members into the government that made them stand out against old Labour government. The policy proposed by Churchill’s government was Keynesian and it guaranteed full employment due to the increased financing of projects by government and decreased taxation that led to increase of import. Additionally, growing industry, build of housing and development of welfare services guaranteed growing employment and high consumer demand; women found it easy to find a job that gave families at least 2 incomes. One of the important factors was that Conservatives finalised the austerity: rationing and licensing came to an end. However, there were some difficulties, too. Development of industry and services required more people, which resulted in immigration of low-cost workforce from colonies of GB. Consequently, up to 1962 the number of immigrants from India and African countries was about 200 000, that led to Commonwealth Immigration Act. Moreover, depressed areas continued to have the level of  unemployment above average that suggested costly measures to create intensives for workers, such as low interest loans, tax breaks and housing for key workers. But those measures could not guarantee safe functioning during difficult periods, for instance, firms closed as soon as recessi ons started. Winston Churchill was a prime-minister during 1951- 1955, even though he was very old and due to health issues was no longer dynamic. And this period is considered to be successful despite the fact that recovery of British economy was moving at a slow pace than one of Europe or USA. In 1955 the parliament was under direction of Anthony Eden, who worked close to Churchill and coordinated the work of government during his absence. He inherited good economic and political conditions, and it was hard to imagine that in 2 years he would resign in disgrace because of foreign affair matter, the very field area of government where his talent was praised for. His fiasco was caused by the Suez Canal seizure made by Gamal Abdel Nasser that was a strategically important point controlled by Britain since 1875. An attempt to intervene in Egypt with military force in secrete coalition with France and Israel was not supported by US government and would cause heavy pressure and withdrawal of its financial help from British economy. That event was humiliating failure of British foreign policy; and the secret collusion with France and Israel created a bad image for Eden. Harold Macmillan was a prime- minister from 1957 to 1964 and he followed the strategies of his fellow members. He implemented the Butler’s theory to operate a mixed economy and the policy of Keynesianism. The aims of these policies were to avoid extreme inflation and deflation by a series of government adjustments. If inflation rose too quickly, the government introduced measures to slow it down. These measures included, raising interest rates to prevent borrowing and increasing import controls to limit purchases from abroad, with the intent of reducing the trade gap. Alternatively, if demand was low, the Chancellor of the Exchequer at the time would introduce ‘a giveaway’ budget whereby taxes and interest rates were lowered. The Conservatives maintained these economic policies from 1957 right up until 1964. The ‘give away’ budgets were criticised however, as they were said to be attempts to ‘buy votes’. Macmillan also introduced the policy of stop-go, which resulted in stagflation due to Britain’s lack of economic strategy. That indicated the failure of governments to develop  policies that encouraged a constantly performing economy. The policy of stop-go was about intervening of government when consumption rose too quickly. Despite any criticisms, Macmillan (also named as Supermac) created an image of full confidence in this policy and that reflected in increase of his popularity and general public approval. As the result, quality of life improved and people were able to buy luxuries. Macmillan had many qualities that gained him respect: he was decisive, portrayed his confidence through media and delivered on promises. He pulled out of the Suez affair as he knew Britain was not going the way Eden wanted to see. He promised to build 300,000 houses per year: in 1953 the number of new houses achieved 327,000 and in 1954 – 354,000. Finally, Macmillan got rid of the British Empire which saved enormous amounts of money. Though Britain was criticised for doing this, as they were said to be abandoning their empire, ultimately it was the right thing to do as too many extreme promises were made and Macmillan knew t hese could not be kept without risking the welfare of Britain themselves. Also, the empire wanted freedom and therefore it was impossible for Britain to ‘abandon’ them; they were just providing their colonies with the freedom they craved. In 1964 the last prime-minister to hold office while being the member of House of Lords. After becoming a lord he was criticized by Labour Party as an aristocrat, who cannot understand the needs and problems of ordinary families; and he had an image of rather stiffly person by contrast with the Labour leader, Harold Wilson. In conclusion, one might say that the period of 1951-64 was a great success for British economy when it came revived and more industrialized after the 2nd World War. It gave a start for new vision and policy that improved the face of the country with time.

The Church s Ministry On Teaching And Learning - 929 Words

The church’s ministry on teaching and learning is simultaneously a simple and complex ministry. It is a ministry that is potentially misunderstood more often than it is understood in the life of a congregation. As the congregation struggles to combine secular life with spiritual practice, the vision for the teaching and learning ministry of the church can fall out of focus for those who feel called to this ministry’s vocations. To begin, I will define the teaching and learning ministry of the church as I understand it followed by an elaboration of its definition. Lastly, I will discuss a few implications of this ministry as it applies to a congregation. The church’s ministry of teaching and learning is the collective discernment of the community, as loving people of God, which integrates and challenges the understanding of their presence as individuals in an ever deepening connection with God and their community of neighbors through various reflective methods and practices, which engage scripture, tradition, experience, and reason. This definition may appear simple if taken at its face value. However, upon further inspection its elements contain subtle meanings even multiple layers of meaning. Thus, further explanation of these elements is required and displayed herein. The main element of this definition is community. Humanity, generally speaking, is social in nature which leads individuals to gather into groups of various sizes. These groups or communities can beShow MoreRelatedThe New Testament s Book Of Acts985 Words   |  4 Pagesand teaching comes from the four Gospels of the New Testament. 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