Friday, December 27, 2019

William Howard Taft The Reluctant President Essay

The 27th President of the United States was born William Howard Taft on the 15th day of September, in the year 1857 to Alphonso and Louise Taft, of Cincinnati, Ohio. As he was the first of their sons to survive past infancy, his mother did not mind that he had outgrown all the baby clothes she had sown for him when he was only seven weeks old. Due to his large size he was given the nickname of â€Å"Lub† or â€Å"Lubber† which only fueled his desire to succeed in school and on the playing field. He later became to be known as the largest president in the history of United States, weighing in at 320 pounds. Although it was rumored that due to his large size he actually got stuck in the White House bath tub. It took six aides and a gallon of butter to†¦show more content†¦They both shared a love for reading and books and soon fell in love but there was no talk of marriage. Then in 1882 Williams’ father was appointed the judge ambassador to Austria-Hungary and William was appointed the collector of Revenue for the first district in Ohio, thus his political career seemed to be off to a good start. That is until he was asked by the Republican Party to do something unethical and he refused. He resigned in December and took a position at a law firm that was headed by a former associate of his dad. The following summer he visited his parents in Austria and traveled about Europe but he soon became anxious to return home as he could not stop thinking about Nellie. They courted for a year before William finally asked her to marry him. They were married on June 19th in 1886. They honeymooned in France, England, and Scotland before settling down in Cincinnati, OH. Nellie became the driving force behind William, pushing him into politics. In 1900 president McKinley promised him a position as Chief Justice of the Supreme Court if he would consent to be the civil governor of the Philippines. He took the position organizing civil government and proved to be an excellent executive and administrator. During service to the Philippines he was offered two positions as Chief Justice which he turned down in order toShow MoreRelatedWilliam Howard Taft : The President Of The United States2349 Words   |  10 PagesWilliam Howard Taft served one term as the 27th President of the United States from 1909 until 1913. While he is perhaps best known for his plump figure and the embarrassing bathtub incident he endured while in the White House, Taft is also the only person in United States history to have held both the offices of President and Chief Justice of the Supreme Court. Prior to securing the Republican Party’s presidential nomination and subsequently winning election in 1908, Taft served in various judicialRead More The Progressive Period1544 Words   |  7 Pages In 1901, America welcomed the youngest president to ever rule, President Theodore Roosevelt. At forty-two years old, the former New York governor dominated the news unlike any previous president had done. His many exploits, such as boxin g and horseback riding, led the press to gain interest in him. Known for being very outgoing and likable, Roosevelt used his personality and popularity to advance in his programs. â€Å"His leadership and publicity campaigns helped create the modern presidency, makingRead MoreTheodore Roosevelt : The First Modern President Of The United States Essay1187 Words   |  5 PagesTheodore Roosevelt is widely thought of as the first modern President of the United States. The influence that the office has today began to develop during Roosevelt’s time in office. His impact is one that will not be forgotten. Theodore Roosevelt made many great contributions to the world. He was born into a prestigious and wealthy family on October 27, 1858 in New York City. He was given the nickname Teddy by his parents Theodore and Martha Bulloch Roosevelt and his three brothers and sistersRead MoreThe League Of Nations : An Organization1285 Words   |  6 Pageshundred years. The League lacked its own armed force and depended on the great powers to enforce its resolutions, keep to its economic sanctions, or provide an army when needed. However, the Great Powers were often reluctant to do so. Sanctions could hurt League members, so they were reluctant to comply with them.during the Second Italo-Abyssinian war , when the League accused Italian soldiers of targeting medical tents, Mussolini responded that The League is very well when sparrows shout, but no goodRead MoreThe Biography Of Theodore Roosevelt1755 Words   |  8 PagesThe author wrote the Autobiography of Theodore Roosevelt because he was one of the most beloved Presidents in American History, and had a long and successful career as a politician. The Autobiography also describes Roosevelt’s as he lived an exciting and adventurous life, describing how he traveled the world. It also reflects on the time period from which he lived, and the personal sacrifices he made for the good of the country. Roosevelt began his career in the New York State Assembly, but leftRead More03.01 Isolationism, Intervention, and Imperialism: Assignment1371 Words   |  6 Pagesï » ¿Monroe Doctrine: statement issued by President James Monroe stating that the Western Hemisphere was off limits to further European intervention Intervention: involvement by a foreign power in the affairs of another nation, typically to achieve the stronger powers aims Sphere of Influence: an area or region over which a country has significant cultural, economic, military, or political influence Isolationism: policy of refraining from involvement in global affairs Expansionism: policy of growingRead MoreThe Gilded Age : The Challenges Of The Progressive Era1344 Words   |  6 Pageswere determined to take them down. Luckily for them, President Theodore Roosevelt strongly believed in government regulation of businesses to ensure a healthy competitive market. Roosevelt enforced the Sherman Anti-Trust Act, which limited anticompetitive practices. Still, Roosevelt did not hunt down every monopoly he encountered, for he believed there were necessary monopolies and corrupt ones. His successor, on the other hand, William Howard Taft more than doubled the number of monopoly break-upsRead MoreThe Court Of The Supreme Court Essay2598 Words   |  11 Pagesare nominated by the President, and confirmed with the advice of consent from the senate. The cases and hearing go from 7 to 8000 a year. The Supreme Court goes way back to 1935, they were at many different places during the war. It was first made in the Old Senate Chamber from 1861 to 1935. The place was not so big and it did not have many seats with a huge table. All the judges during this time would all eat in the robbing room. The Chief of Justice Mr. William Howard Taft tried his best and expandedRead MoreRobert Smalls : A Man Who Had Accomplished2019 Words   |  9 Pagesthe harbor where the Union had formed a blockade with their ships. The voyage had them go past five forts, each which required a correct whistle signal to indicate that the ship was indeed a Confederate ship. Some of the crew members on board were reluctant with the course he was taking but he continued forward, making sure to keep to the shadows and never have his face seen, else he would be found out. Eventually, he was able to reach the Union blockade, fly a white flag from a bed sheet that representedRead MoreSpanish American War : The United States Essay2418 Words   |  10 Pageslurid stories of Spanish depravity, violence and sexual misconduct. In particular, the press singled out Weyler w ho was often depicted as the ?butcher.? By 1898 American public opinion agitated for full independence for Cuba. In January 1898, President William McKinley ordered the U.S.S. Maine to Havana ostensibly on a courtesy visit but actually as protection for American citizens. The following month an explosion sent the battleship to the bottom of the harbor. A U.S. Navy court of inquiry concluded

Wednesday, December 18, 2019

Brave New World By Aldous Huxley - 1147 Words

Brave New World Essay -Deepali Singh Brave New World is a dystopian fiction by Aldous Huxley, published in 1932. It takes place in a futuristic society, which is shaped by a political ideology, shared by all. The society’s (World State) motto – â€Å"Community, Identity, Stability†, sums up the purpose of the entire society. Although the novel was written several decades before, one can explore many similarities and differences compared to the modern society we live in. Furthermore, one can even analyze this once fictitious society by Huxley, to an ideal modern world society known as the caliphate, created by a terrorist group known as ISIS. The primary setting of the novel, The Brave New World, is the World State, which is a sterile and futuristic society governed by the ten world controllers. The World State derives from the fact that it is a unified government that governs the entire planet, with few exception, thus the name â€Å"World State†. The World State is similar to the world we live in, in several different aspects, however, the similarities are only present to an extent in our world; it’s in fact nowhere near the extreme level presented in the novel. However, there definitely are few limited sense of similarity. First of all, the reproduction done in the World State is pretty similar to the ones done in the world today in certain cases. For example, the reproduction in the World State is done in a fertilization room entirely, basically, manufacturing the humans andShow MoreRelatedA Brave New World by Aldous Huxley668 Words   |  3 PagesIn Brave New World, there are similarities that have a deeper meaning that we can understand. There are personal effects in Aldous Huxley life that contribute to what he has written in the book. Aldous Huxley throughout his life have seen, done, and events have happened to him, just like all of us, but he has expressed it in his book. So when Aldous wrote the he had so many ideas. I have read the book; it’s notRead MoreBrave New World by Aldous Huxley811 Words   |  3 Pages Brave New World is based around characters who gave up the right of freedom for happiness; characters who ignored the truth so that they could live in a utopian civilization. The deceiving happiness was a constant reminder throughout the book. Almost every character in Brave New World did whatever they could to avoid facing the truth about their own situations. In this society, happiness is not compatible with the truth because the World State believes that happiness was at the expense of theRead MoreBrave New World By Aldous Huxley1525 Words   |  7 PagesA Brave New Feminist The novel Brave New World written by Aldous Huxley in 1932 is known for its social satire, utopian values, and unusual standpoints on stereotypical gender roles. In this time where futuristic technology has completely taken over, and men and women are given the same opportunities for everything, â€Å"the genders appear equal within the social order; both men and women work at the same jobs, have equal choice in sexual partners, and participate in the same leisure pursuits† (MarchRead MoreA Brave New World by Aldous Huxley664 Words   |  3 Pagesfor the fact being in the future and in the past time has changed and many differences were made. In his Dystopian Society Huxley portrays masses of niches where the government produces clones for specific reasons. Huxley decides throughout Brave New World that cloning humans is unethical. He then becomes in contact with the society’s most powerful Alphas and Betas clones. Huxley suggest in BNW that lower class groups in clo ning humans to act like servants to terrorize them into working hard conditionsRead MoreA Brave New World by Aldous Huxley1189 Words   |  5 Pages In the world of sex, drugs, and baby cloning you are going to be in many situations where you feel like the world we live in should be different. In the story Brave New World, they had sex with multiple partners along with a very bad use of drugs. It is weird that Aldous Huxley wrote this book in 1931 about the world he was living in during that time and how it is similar to the world we live in today. Nowadays, drugs are still being used and people are still engaging in sexual encounters withRead MoreBrave New World By Aldous Huxley968 Words   |  4 PagesAldous Huxley’s utopia in Brave New World foreshadowed and illuminated the complications within modern day society. Upon its release, the narrative became widely banned all over the United States due to the unorthodox thoughts and actions of multiple characters in it. Early readers, as well as modern day audiences, feared and rejected the ideals that Huxley incorporated into his perfect society; however, our society today is heading towards the dark paths the older generations desired to avoid. Read MoreA Brave New World by Aldous Huxley895 Words   |  4 Pagesthe novel Brave New World, Aldous Huxley tells of a society where everyone is the same but, compared to t oday’s society, everything is different. Huxley tells of a world where everything that happens or takes place is because of one’s own desire and nothing more. The hero in the novel, a â€Å"savage† named John, is Huxley’s main focal point. It is through his eyes and mind that the reader sees what’s going on. Now when I read this novel, I began to think, â€Å"Could this perfect, conformed world actuallyRead MoreA Brave New World by Aldous Huxley1684 Words   |  7 Pagesimperfect world and is usually only a hopeful dream. These types of worlds can greatly be described in detail through the world of science fiction. Aldous Huxley was an English writer who lived during a time when war and chaos were engulfing the world. His works reflect his view and thoughts on a dystopia, which is a false utopia, and describes what could occur in possible governments of the world. The ability to understand and dive into the thoughts of the author is what make s world literatureRead MoreA Brave New World by Aldous Huxley614 Words   |  2 Pagesthem truly happy. What if someone were to tell you that what you thought was true happiness was all an illusion. In a Brave New World by Aldous Huxley people in the world state are conditioned and drugged up by soma to not experience true happiness. In a world that is perfect, human beings do not have to depend on drugs to keep our world in balance. In a Brave New World by Aldous Huxley there is always a perfect drug called soma that keeps everyone happy, which they have based their society on. ThisRead MoreA Brave New World by Aldous Huxley948 Words   |  4 PagesWelcome to a world were â€Å"Brave† is not just a word; It has a true meaning. This is a story were everything as you know it, doesn’t seem to be right and will completely change your way of thinking. When this story was written, life was very harsh for many people†¦.Mostly for the author who wrote â€Å"Brave New World† During this time (1930s) they didn’t have much sexual content Living The Future Of The Past In The Present†¦.. In the air; But Aldous made a future full of sex for them and we are the

Tuesday, December 10, 2019

Report on Business Level Strategy free essay sample

Any given organization may comprise a number of different businesses. Each operating in distinct markets and serving different customers. A market is defined by demand conditions and based on an organization’s customers and potential customers. Industry is determined by supply conditions and based on production technology. Business level strategy is a means of separating out and formulating a competitive strategy at the level of individual business unit. This is sometimes referred to as a Strategic Business Unit (SBU). A Strategic Business Unit is a distinct part of an organization which focuses upon a particular market or markets for its products and services. The parent company sets the overall or corporate strategy. The role of the business unit is to devise a strategy which allows it to compete successfully in the marketplace and to contribute to the corporate strategy. A sustainable competitive advantage is about performing different activities or performing similar activities in a different ways. We will write a custom essay sample on Report on Business Level Strategy or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In other words, the firm must be capable of producing value for the customer that is recognized as being superior to that of its competitors. Michael Porter (1980) developed three generic strategies to help an organization outperform rivals within an industry, and so successfully position itself against the five forces. These strategies are referred to as generic because they apply to different types of organizations in different industries. The first of these three strategies is called Overall Cost Leadership. A cost leadership strategy involves a firm being the lowest cost producer within the industry. This allows the firm to outperform the rivals within the industry because it can charge lower prices and its lowest cost base still allows it to earn profit. In effect, this firm can charge the lowest price within the industry which the rivals simply cannot match. Therefore, a cost leadership strategy allows the firm to make superior profits. A Differentiation Strategy is based on producing products or services which are perceived by the customers as unique or different. A differentiated product has the opportunity to meet different customer needs more closely. It is the difference that is the basis on which the customers are prepared to pay a premium price. Clearly, the cost of producing differentiation must not outweigh the price being charged. Or, put another way, customer should be prepared to pay a price which exceeds the costs of differentiation, thereby allowing the organization to earn superior profits. The third Strategy is referred to as a Focus Strategy. A Focus Strategy allows an organization to target a segment of niche within a market. The segment may be based on a particular customer group, geographical markets, or specific product lines. Unlike overall cost leadership and differentiation strategies which are industry-wide, a focus strategy is aimed at serving a particular target market efficiency.

Tuesday, December 3, 2019

The New Concept of Strategic Sourcing and Its Implications

Executive summary In the business environment today, making decisions on an effective strategic sourcing method to adopt has become one of the key supply chain management challenges that managers are faced with as they seek better sourcing methods which favor them against intense global competition, short product life cycles and increasingly demanding customers.Advertising We will write a custom research paper sample on The New Concept of Strategic Sourcing and Its Implications specifically for you for only $16.05 $11/page Learn More In strategic sourcing, the decision to adopt in-sourcing, near-shoring or on-shoring plays an important role in enhancing the performance of an organization. When a manager in an organization decides to adopt a framework for sourcing, what will determine the concept to be used are the advantages or gains a business intends to make. Studies point out that increased effectiveness and efficiency in a business is a factor that h as a close relationship with cost. In-sourcing, on-shoring and near-shoring decisions have been identified as important key drivers of long-term approach towards saving current cost challenges on supply functions facing businesses. As such, owners of business with complex products and high changing demands must ensure that they decide on sourcing strategies that do not interfere with their business’ total output. In terms of hiring workers, the decisions to in-source are advantageous in saving cost as employees can be hired via intern practices with other local business organizations, and mentoring activities for newly hired employees can be done internally. In-sourcing decisions allow managers to standardize their local systems and tools by effectively and efficiently using their local stuff saving cost of hiring multiple specialists from elsewhere to perform roles. From a theoretical perspective, the effective operations of a business rely on decisions to adopt effective so urcing strategies to foster gaining of competitive advantage. Flexibility and capacity have become some of the key benefits that businesses which have adopted in-sourcing, on-shoring and near-shoring are enjoying. Research has shown that many business supply functions for companies that are outsourcing and off-shoring are susceptible to threats, dangers and loses. Analysts point out that the new concepts of sourcing strategies that businesses have adopted today have cushioned them from technicalities presented by outsourcing and off-shoring. Effective and efficient service improvement has become one of the key factors that have caused most companies that were using the contemporary outsourcing and off-shoring strategies to decide on in-sourcing and near-shoring methods to improve service quality.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In decision making, during the process of requesting for proposals (RFP), evaluating the tangibles of a supplier is the simplest process. Engagements, number of members of staff, and financial figures are some of the quantifiable information that scored and reported easily. Neoclassical economists point out that in all competitive markets, cost management, consolidation, cost reduction and cost cutting are central for a maximization of profits, business growth and development. Abstract Making managerial decisions that enhances the growth of a business has become an important practice that many managers are faced with today. Of critical importance to this paper is decision making on sourcing strategies to adopt. As the market for commodities and services is increasingly becoming global, many businesses that have been using the contemporary outsourcing and off-shoring methods have now adopted new strategic perspectives of in-sourcing, on-shoring and near-shoring to improve the overall performance of their businesses. The methods have been effective in cutting supply costs and boosting profits of businesses. Besides, in-sourcing aids businesses in sustaining organizational resources and minimizing technicalities related to time and distance. Introduction In the business environment today, making decisions on an effective strategic sourcing method to adopt has become one of the key supply chain management practices that managers are faced as they seek better sourcing methods which favor them against intense global competition, short product life cycles and increasingly demanding customers. As market for services and products is increasingly becoming global, many businesses that have been using the contemporary outsourcing and off-shoring methods have now adopted new strategic perspectives of in-sourcing, on-shoring and near-shoring to improve the overall performance of their businesses. As this paper shall analyze using general trade theory, organizational supply management theory and congruency theor y, these new concepts are vital for lowering costs, demand flexibility, process capability, strategic risk and gaining competitive advantage. This paper shall examine why managers are deciding to adopt the new concept of strategic sourcing, their implications and long-term impacts on the operations of the supplies function.Advertising We will write a custom research paper sample on The New Concept of Strategic Sourcing and Its Implications specifically for you for only $16.05 $11/page Learn More Definition of strategic sourcing concepts In strategic sourcing, the decision to adopt in-sourcing, near-shoring or on-shoring plays an important role in enhancing the performance of an organization. Bakker and Kamann (2007) point out that many managers in organizations are opting the new concepts of strategic sourcing with a bid to re-design and optimize their supply systems or supply chain. It is imperative to point out that these decisions could have been pro mpted by imitation of other business leaders, attempts aimed at cutting cost or competitive pressures. Studies on transaction cost economic points out that the type of strategic sourcing a given organization adopts is based on economic governance structures. This are characterized in terms of uncertainty, transaction-specific investments and dimensions of frequency. Factors and costs When a manager in an organization decides to adopt a framework for sourcing, what will determine the concept to be used are the advantages or gains a business intends to make. Barnes and Lea-Greenwood (2006, p. 260) point out that this involves substituting the contemporary practice of out sourcing with the new concepts of either in-sourcing, near shoring or on-shoring. The following are some of the important factors that deciding to adopt in-sourcing methods might bring to a business in terms of costs and related benefits. Higher cost effectiveness in the emerging global business operation dynamics Cai and Yang (2008) point out that increased effectiveness and efficiency in a business is a factor that has a close relationship with cost. In-sourcing, on-shoring and near-shoring decisions have been identified as important key drivers of long-term approach to saving current cost challenges on supply functions facing businesses. They also indicate that due to the aforementioned concepts, cost effectiveness has been demonstrated through lean thinking, and has seen most business reengineering their services with an aim of increasing productivity. As such, businesses have maintained service quality and reduced expenditure. It is important to note that in the present business environment, in-sourcing decisions have been lauded by many analysts as the best strategies for driving business efficiency on a long-term basis. Process adherences Studies indicate that owners of business with complex products and high changing demands must ensure that they decide on sourcing strategies that do not interfere with their business’ total throughput time. The studies further point out that any interference with the normal supply chain may easily affect the reliability and reputation of a business towards customers. As such, businesses with an understanding of the difference between low cost and low prices of operations as well as costs of total life cycles should substitute outsourcing and off-shoring practices with in-shoring and near shoring methods.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Figure 1: Figure showing how in-sourcing enhances process adherences In his publication, Carter and Rogers (2008) point out that decisions to replace outsourcing with in-sourcing has become important in process adherence in the sense that the new concepts have not only effectively lowered cost of supplies or production, but have also improved performance criteria by taking into account quality, flexibility, reliability and speed. Labor arbitrage In terms of hiring workers, the decisions to in-source are advantageous in saving cost as employees can be hired via intern practices with other local business organizations, and mentoring activities for newly hired employees can be done internally. Carter and Rogers (2008) argue from the perspective of transaction cost theory by indicating that on average, the decision to in-source workers ensures that compensation cost, hiring and burdened salary costs drop due use of rural resources and not having to hire workers from large cities where the cost of living is high. It is imperative to note that there are many individuals who are skilled and may want to work in a rural environment near their homes. This when compared to outsourcing, may be beneficial in lowering compensation costs as a manager cam manage labor locally and not halfway across the globe. Figure 2: A graph showing how in-sourcing is increasingly being used in the US to hire workers Skilled resources In-sourcing decisions allow managers to standardize their local systems and tools by effectively and efficiently using their local stuff saving cost of hiring multiple specialists from elsewhere to perform roles. By using skilled personnel within a company, hiring contract specialists will not be necessary, and if needed may be done on part time basis. Besides, many medium and small sized companies do no require enterprise architects and project managers. Figure 3: Figure showing the effectiveness of in-sourcing service jobs Source:  The atlantic.  U.S. In-Sourcing.  2009. Web. For competitive advantage From a theoretical perspective, the effective operations of a business rely on decisions to adopt effective sourcing strategies to foster gaining of competitive advantage. International management textbooks illustrating general trade theories clearly exemplify that a sourcing strategy, with particular emphasis on in-sourcing, is critical to a supply business’ competitive advantage in terms of innovativeness, labor cost and price (Christopher, 2000). Gaining a competitive advantage requires identifying and deciding strategic sourcing methods that are appropriate. According to transaction cost theory, being able to supply high quality products at a low cost and still maintain a competitive advantage requires that companies restructure their sourcing strategies and capabilities in such a way that supply functions are done at a low cost possible (Christopher, 2000). Increased flexibility and sustainability capacity Flexibility and capacity have become some of the key benefits that businesses which have adopted in-sourcing, on-shoring and near-shoring are enjoying. Brege, Brehmer and Lindskog (2010) point out that the in-sourcing method has offered many businesses that have adopted it flexibility they need in carrying out their supply functions. In the rapidly changing business environment, it has aided businesses to respond faster to circumstances and policies that keep changing, without being tied to procedures that can be expensive to alter. Basing the argument on congruency theory, businesses adopt a sourcing strategy depending on the complexity of their products and the environment they are in. To sustain expertise and capabilities In his publication, Asta (2005) points out that adoption of in-sourcing strategy by most companies has facilitated their ability to sustain expertise and capabilities in policies, organization and processes (POP), and has aided them to respond to business agenda that keep changing. As such, supply management, how it is selected, evaluated, managed, valued and differentiated as marketing strategy functions have been made easier. In addition, in-sourcing is important since they enable a business to provide flexible, responsive and cohesive local services. Through it, businesses which are in the retail industry have become innovative and adopted a transformative approach that have enabled them to be efficient in service delivery, and as such, have made quick efficiency gains. Figure 4: A pie chart showing how in-sourcing sustains a countries expertise ans capabilities Enhanced simplicity and guaranteed risk minimization Research has shown that many business supply functions for companies that are outsourcing and off-shoring are susceptible to threats, dangers and loses (McKenna Walker, 2008). The study further indicates that for that reason, most businesses have resorted to shift from outsourcing to in-sourcing in order to minimize risks and simplify service delivery. It is worth noting that contractual, consultancy and negotiation process when out sourcing can be costly and time consuming. To manage this, in-sourcing, on-shoring and near-shoring have been considered by analysts as best strategies to tackle the processes as they are less complex and have minimum risk levels. To cushion a business from technicalities McKenna and Walker (2008) point out that the new concepts of sourcing strategies that businesses have adopted today have cushioned them from technicalities presented by outsourcing and off-shoring. One of the major disadvantages includes communication problems. For instance, a company in Kenya intending to supply or buy from Asia may find it cumbersome to contact a supplier due to cultural differences and language barrier. Studies derived from network literature indicates that individuals and partners with general cultural and language differences often fail to succeed in their ventures due to the potential problem o f reaching an agreement, (Alguire Frear, 1994). Therefore, it is imperative to note that since the new concepts of sourcing strategy works within a nation, adopting them will make the issue of communication ceases to be an issue of concern. Effective and efficient service improvement to deliver added value Effective and efficient service improvement has become one of the key factors that have caused most companies that were using the contemporary outsourcing and off-shoring strategies to decide on in-sourcing and near-shoring methods to improve service quality. Barnes and Lea-Greenwood (2006) point out that in-sourcing has been one of the current concepts that most supply businesses have used to bolster local economies, create employment opportunities and boost training. As such, through service improvement and value addition, they have enhanced their local customer base. For instance, studies on APSE indicate that through its supply chains and strong local employments, it generate s  £1.64 to the local economy from the £ 1 of money that it receives from the taxpayer. This has enhanced its customer base and aided it in gaining competitive advantage. Figure 4: A figure showing how in-sourcing boosts effective service delivery Measurement In decision making, during the process of requesting for proposals (RFP), evaluating the tangibles of a supplier is the simplest process. Engagements, number of members of staff, and financial figures are some of the quantifiable information that scored and reported easily. Best measurement practice for evaluating in-sourcing activities can be achieved by looking at the capabilities and key questions in the RFP. To determine the sourcing relationship of the intangibles, careful selection is necessary and which include looking at cultural affinity, supplier engagement and growth with a client over the years. Getting measurements to such questions require applying methods such as interviews where vendors, reference clients and colleagues asked questions to provide essential answers that will help in measuring intangibles. Analysis Neoclassical economists point out that in all competitive markets, cost management, consolidation, cost reduction and cost cutting are central for a maximization of profits, business growth and development. Edward argues that minimizing losses due to outsourcing and can be achieved by adopting the cost cutting in-sourcing methods. According to Keynesian paradox of thrift saving cost through better sourcing methods will boost aggregate output and income of a firm. Analysts with mainstream thinking argue that Keynesians are wrong in their arguments because by insisting that business adopt means that cut costs impacts on a business’ spending and hurt its revenues and profits. The argument is that cutting costs does not lift profits, instead as people save, the economy runs into a slump. Indeed, they are right because as a business use in-sourcing methods to save costs of certain aggregate income levels, consumption in other areas decreases. However, what is wrong with trimming costs through in-sourcing methods to enhance profits? Is cost cutting not an effective means a business can enhance its profits? It is undoubtedly true that a business that uses in-sourcing methods and not outsourcing efficiently cuts costs and transitions into profits since it is using its own or local resources. In a nutshell, a company that decides to adopt in-sourcing creates real wealth and generates positive results. Conclusions To sum up, this review has based its arguments from the thesis statement â€Å"In the business environment today, making decisions on an effective strategic sourcing method to adopt has become one of the key supply chain management practices that managers are faced with as they seek better sourcing methods which favor them against intense global competition, short product life cycles and increasingly demanding customers†. From the review, it is evident that many businesses are shifting from contemporary outsourcing and off-shoring methods to in-shoring, in-sourcing and near sourcing for the numerous advantages analyzed in the paper. Besides, it is imperative to note that different companies differ in organization, style, size, market position and strategy. As such, dynamic sourcing with a design that is less expensive is required. References Alguire, M. Frear, R. (1994). An Examination of Determinants of Global Sourcing Strategy. Journal of Business Industrial Marketing, (9:2) 62-75. Asta, S. (2005). Managing Supplier Relations in Western Purchasing from China. Proceedings of the 14th IPSERA Conference, Archamps, France, 925-936. Bakker, E. Kamann D. (2007). Perception and Social Influence as Influencing Supply Management: A Research Agenda. Journal of Purchasing and Supply Management, 13(4): 304-316. Barnes, L. Lea-Greenwood, G. (2006). Fast Fashioning the Supply Chain: Shaping the Research Agenda. Journal of F ashion Marketing and Management, 10(3): 259-271. Brege, S., Brehmer, P. Lindskog, H. (2010). Sourcing, insourcing and two times outsourcing: four phases of procurement of telecommunications services within the Swedish public sector. Strategic Outsourcing: an International Journal, 3(2)144-162. Cai, S. Yang, Z. (2008). Development of Cooperative Norms in the Buyer-Supplier Relationship: The Chinese Experience. Journal of Supply Chain Management, 44(1): 55-70. Carter, C. Rogers, D. 2008. A Framework of Sustainable Supply Chain Management: Moving Towards New Theory. International Journal of Physical Distribution and Logistics Management, (38:5)360-387. Christopher, M. (2000). The Agile Supply Chain. Industrial Marketing Management, (29)37-44. McKenna, D. Walker, D. (2008). A study of out-sourcing versus in-sourcing tasks within a project value chain. International Journal of Managing Projects in Business 1(2): 216-232. This research paper on The New Concept of Strategic Sourcing and Its Implications was written and submitted by user Carlee U. 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.