Extreme wealth Essay Example | Topics and Well Written Essays - 250 words

Extreme wealth - Essay Example Sadly Barbara clarifies that their wealth results from the usual trick of overcharging their buyers, clutching their employees and polluting the environment. The rich also seem to be taking over lucrative sectors such as the mining industry and the farming sector. This happens while the government seems to be lenient and partially dependent on some rich folks (Barbara 553). The rich also have a positive impact in the society. There is a probability that wealthy individuals might share their riches and assist those in need. The rich may sit idle, but money does not because it goes through banks or other networks and eventually draws back benefits for the society. Unless the wealth is stored in the form of land or gold which is not in use therefore making the asset an incentive or a security for the rich individual (Barbara 556). Ultimately, all Americans would love to realize the American dream of financial independence. Astonishingly, the dream is among the means of developing the ethical foundations of a nation. Rich Americans seem to undercut and undermine the core values that make up the dream by trying to use shortcuts (Barbara 559). The wealthy are trying to manipulate and oppress the poor for their own selfish needs. They are culpable and should be blamed for the economic inequality

Case Study Essay Example | Topics and Well Written Essays - 500 words - 19

Case Study - Essay Example The changes to the completion were mainly from Amazon which entered the market for online auctions and the entry of other smaller players who cloned eBay’s business model. These in turn made eBay look towards more innovation and building brand loyalty among its consumers as well as providing remote customer support to its users. Q2) eBay took a series of steps to ensure that it responds to the competition by going after newer products and platforms. In its quest to remain the number one online auction site, eBay pioneered a set of changes in its business model. For instance, it adopted the paradigm of going global and acting local. What this meant was that eBay expanded into international markets and retained the local flavor in each of these markets by adopting practices that were commensurate with the market in which they operated. The business model that eBay implemented relied on trust, loyalty and building brands that saw its business grow in size. To respond to the competition, eBay also introduced a wide range of products as well as invested in computing infrastructure that was needed for its aggressive forays into newer ranges of products and services. There were changes to the trading platform as well that were introduced by eBay and which culminated in the metamorphosis of eBay into a world class online auction site. Q3) The opportunities for eBay are many and some of them include newer forms of auction formats that allow innovative pricing models for its products and greater participation of the customers in the online auction site. The other opportunities arise from the expansion of eBay into Asia and other regions that are bound to get volumes of customers who would be a source of loyal customer base for the company. The most significant opportunity for eBay would arise from targeting the youth and the teenagers who form a