The Relationship Between Keynes And Social Democracy Essay

Keynesianism is an economic theory believed to have been developed and propagated by John Maynard Keynes, who was a British economist. Keynes postulated that economic growth and reduced unemployment can be aided via the executive`s fiscal policies inclusive of spending to reinvigorate the economy, tinkering with interest rates, and appointment of confirmed statutes on market economics. This theory was developed in the 1930s as a way of better understanding the Great Depression. Keynes championed for expanded government expenditures and reduced taxes to energize demand in order to extricate the global economy out of the Depression. Since its inception Keynesianism was connected to social democratic big-government policies. Scholars like (Barr, 2004) have realised that the relationship between Keynes and social democracy is more composite than believed. Keynes can be referred to as the draughtsman of the main elements of social democracy policy especially in regards to full employment but according to (Skidelsky 2010), he did not believe in the enlargement of the welfare state and public ownership. Neoliberalism is based on an economic and social policy that is driven by the market and the reduction of the size of the government and giving more authority to local and state governments. Neoliberalism advocates for the eradication of regulations imposed on the private sector by the government, including the privatisation of services provided by the government which includeShow MoreRelated‘Happiness, or subjective well-being (SWB) is a biopsychosocial phenomenon.’1084 Words   |  5 Pagessynonymous with subjective well-being (SWB); of ‘the architecture of sustainable happiness’; and the biopsychosocial model. I aim to demonstrate that SWB is a multifaceted and can only be understood by investigating biological, psychological and social factors and their interdependence to construct a holistic model. I will provide examples of these diff erent factors and their interdependence and explain why the biopsychosocial paradigm is the best for understanding happiness and conclude that SWBRead More John Maynard Keynes Essay examples4182 Words   |  17 PagesJohn Maynard Keynes John Maynard Keynes was born in 1883 which means he lived around the same time period as the seven creative individuals which Howard Gardner chose to focus on in his book Creating Minds. I chose to look at the life of Maynard Keynes because it is such a fascinating and diverse one. While entailing some of the same features found in the lives of those Gardner focused on, Maynards life includes a lot of differences and adds some interesting twists as well. It can only beRead More International Free Trade and World Peace Essay6197 Words   |  25 PagesInternational Free Trade and World Peace When analyzing trade’s effect on state behavior, it is not the mere existence of trade between countries that should be central, rather, the nature of trade that is crucial. This distinction will be explored by studying the arguments of key economic and political thinkers of both the 18th and 20th centuries. The general nature of trade, the role of national government regarding trade and security, trades capacity to befriend belligerent nations, andRead MorePaper on Keynesian Contributions to Public Finance.2759 Words   |  12 PagesPAPER ON KEYNESIAN CONTRIBUTIONS TO PUBLIC FINANCE 1. Impact of Keynesian Revolution on Public Finance In 1936 British economist John Maynard Keynes published The General Theory of Employment, Interest, and Money. Distressed by the failure of national governments to cope with the Great Depression, Keynes rejected many assumptions of classical economics and argued that state intervention, and in particular regulation of interest rates, could control inflation and minimize unemployment. What howeverRead MoreAn Era Of Great Conflict1375 Words   |  6 PagesAlexis de Tocqueville published Democracy in America in 1835 and examined the democratic revolution; he references to American Exceptionalism and the five characteristics that make America â€Å"Exceptional†. Similarly, the 1950s in America was recognized for its highs and lows. Even with the economy was booming, it was known as an era of great conflict (History.com Staff). In the 1950s, Tocqueville’s five characteristics of American Exceptionalism are invalidated; liberty was not attainable due to theRead MoreExamine the Claim That Britishness Is Defined by Shared Values1680 Words   |  7 Pagessuch as those of place of birth, language, citizenship, politics and history and be unique and distinct from those of other national identities. Blunkett referred to those values as â€Å"tolerance, of openness and internationalism, our commitment to democracy and liberty, to civic duty and the public spa ce†, (Blunkett cited in Clarke, 2009, p. 221). Phillips however refers to â€Å"deeper values of tolerance, egalitarianism and so forth......and the way we behave towards each other is the outward manifestationRead MoreWelfare State: An Introduction to Social Policy2196 Words   |  9 PagesFree Essays  -  Social Policy Essays Modern welfare state development is generally considered to lead to social security or benefits payments, social housing provision, health provision, social work and educational services. Together these services are known as the big five but these services tend to develop over time and have differed in quantity, availability and quality. Provision and development can change due to social, economic and political factors (Spicker, 1995, p. 3). State provisionRead MoreLiberal Perspective of a State7979 Words   |  32 Pagessuch fundamental ideas as constitutionalism, liberal democracy, free and fair elections, human rights, capitalism, free trade, and the freedom of religion. These ideas are widely accepted, even by political groups that do not openly profess a liberal ideological orientation. Liberalism encompasses several intellectual trends and traditions, but the dominant variants are classical liberalism, which became popular in the eighteenth century, and social liberalism, which became popular in the twentiethRead MoreCommunity Development1846 Words   |  8 Pagesexperiencing health problems. Commentators such as McKeown (1979) have made the case that medici ne has a small impact as a determinant of health. Others have also argued that aspects of living conditions, associated with varying levels of economic and social development are more significant in determining whether or not people become ill (Curtis, S. 2004) (Check Clark Sociology text book to identify groups that are likely to experience inequalities and list them) In this piece of work the author willRead MoreThe Main Theoretical Weaknesses of Mercantilism8168 Words   |  33 Pageswas relatively cheaper to produce cloth compared to wine. Thus Portugal did have a great specialization in wine and England had theirs in cloth. Both of the nations would have end up better off if they traded among each other. However, that issue between the two nations was disadvantages and a weakness because they did not pursue that option in depth. That above is an example of the reciprocal profits of trade due to a relative benefit. In modern financial theory, commerce is not a zero-sum game of

Annotated Bibliography On Personalized Learning - 1000 Words

2.) Personalized Learning (Flexible Pathways, Personalized Learning Plans, Career and Tech Ed) Research has demonstrated that motivated students demonstrate higher degrees of academic performance and are more likely to graduate from high school (Froiland Oros, 2014; Niehaus, Rudasill, Rakes, 2012). The idea that engaged, inspired students are more successful students is a driving force behind Personalized Learning initiatives, practices by which students realize their full potential through learning experiences that take into account their unique strengths, needs, interests and goals. Personalized Learning empowers and motivates students through greater choice and increased feelings of competence (Deci, 1971). Furthermore, an investment by school staff in each student’s personal learning growth fosters feelings of school connectedness, another strong indicator for achievement (CDC, 2009). Choice Choice is at the core of developing Personalized Learning strategies. Giving students a voice in their education has been linked to increases in student effort and achievement. The degree to which a student’s interests and skills are a good match for the demands offered by a particular activity predicts how well he or she will attend to, comprehend and remember it (Deci, 1992). Guiffrida et al. (2013) found that students’ grades and motivation were positively and significantly related to students’ focus on subjects or activities closely related to their interests andShow MoreRelatedAnnotated Bibliography Ni Technology Education781 Words   |  4 PagesAnnotated Bibliography: Trends in Technology Education by Sacha Richards October 14, 2016 Originality Score: Three trends I have noticed in the Education realm of Technology are Project Based Learning, Data Informed Decisions and World-Class Standards and Personalized Professional Development. In defining Project Based Learning, this occurs where students are involved in identifying and solving a problem in and out of the classroom. Data Informed Decisions occurs where data is used to drive curriculum-basedRead MoreTrack1130 Words   |  5 PagesAs government employees, agents will be held to the utmost standard. Commitment: Tax auditing can be a tiring and difficult work. To increase their effectiveness, employees must learn to enjoy their work and dedicate a good amount of time into learning tax laws. Prior Experience and Education A college education is not necessary for some entry level positions. A high school education can be used to gain entry into the IRS. However, for career advancement opportunities, a college level educationRead MoreSemiotics And Interactive Design Of Black And White Essay2968 Words   |  12 PagesIntroduction For my Annotated Research Kit, I have explored Black and White (colours), semiotics and interactive design. The first keyword I have explored is Black and White. This is an illustration style that I have up until recently, been using in my studio work, and in my own personal practices as a graphic designer. Black and White also fits in with the culture of today’s younger generation, in which their taste of visual style and graphic design preference fits in with my Black and White designRead MoreGlobal Electronics Essay8640 Words   |  35 Pages(Cooper and Zmud 1990; Anderson 1995). Do the success factors that you have identified tend to be more behavioral or technical in nature? 5) Are the success factors for ABC and ABM the same or different? How so? CASE LEARNING OBJECTIVES AND IMPLEMENTATION GUIDANCE Learning Objectives This case focuses on one companys experience with a faulty costing system and its efforts to implement an ABC system. The case is based on the experiences of a real company. The quotations included in the caseRead MoreMastering Graduate Studies 1e32499 Words   |  130 Pages . . . Understanding a Graduate Learning Community . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . What Makes a Successful Graduate Student. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transitioning from Student to Scholar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Understanding Learning Environments . . . . . . . . . .Read MoreThe Marketing Research of Brainquiry33782 Words   |  136 PagesNew York have been contacted via email and by attempted phone contact. At this moment there has been one returned email from the EWGA( Executive Women s Golf Association). They have stated it is possible to advertise on their website which is annotated in the New York folder labeled EWGA Sponsor Opportunities and in the Appendix Email 1 Magazines In the folder Labeled New York there is another folder called PDF US Advertising files. These files contain all the information the magazinesRead MoreInformation Technology Implementation Issues: an Analysis45771 Words   |  184 Pagesthat the expertise levels of executives with regard to IT will prove to be a contributing factor to effectiveness of the IT development and deployment process. The nature of information technologies necessarily carries with it an almost prohibitive learning curve and creates an air of mystique and fear that can have a significant impact on a manager’s ability to plan for and manage ITs. The current literature, which specifically addresses information technologies, and their acquisition and implementationRead MoreLibrary Management204752 Words   |  820 Pages. . . . . . . . . . 30 The Quantitative Approach . . . . . . . . . . . . . . . . . . . . . . 32 The Systems Approach . . . . . . . . . . . . . . . . . . . . . . . . . 33 The Contingency Approach . . . . . . . . . . . . . . . . . . . . . . 35 The Learning Organization . . . . . . . . . . . . . . . . . . . . . . 35 Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Library and Information Center Management: The Historical Perspective . . . . . . . . . . . . . . . . . Read MoreContemporary Issues in Management Accounting211377 Words   |  846 Pagesunder the heading of management control systems, Simons (1990: 142) concludes his inXuential article by noting: We need in fact a better language to describe management control processes. Control systems are used for multiple purposes: Monitoring, learning, signalling, constraint, surveillance, motivation, and others. Yet we use a single descriptor—management control systems—to describe these distinctly diVerent processes. In his subsequent writings on levers of control (Simons 1995), he argued

Adolf Hitler and Japanese Canadians War Free Essays

WWII ESSAY TOPICS Please Note: You need to form an historical research question for your topic. The answer to your question is your thesis statement 1. How and why was Germany allowed to annex Austria and the Sudetenland? Was there any justification for Britain and France’s policy of appeasement? 2. We will write a custom essay sample on Adolf Hitler and Japanese Canadians War or any similar topic only for you Order Now Discuss the role that Italy played in World War II. How did the nation become involved in the conflict? How did its participation affect the direction of the war and Germany’s fortunes? 3. Discuss the issues surrounding the United States’ decision to use atomic bombs against Japan. What motives were behind this action, and what arguments have been made against it? 4. Explain how the situation in Europe immediately following the fall of Germany led directly to the Cold War. In your opinion, should the Western Allies have acted to oppose Soviet domination of Eastern Europe? 5. Consider the role of technology during World War II. Did it fundamentally affect the outcome of the war? If so, how? If not, why not? 6. Compare the roles of Germany and Japan during World War II. Generally speaking, were their aggressions fundamentally similar or fundamentally different? . Explain Germany’s mistakes in Russia and the ways in which they affected the outcome of the war. 8. Why did the British government give in to German demands regarding Czechoslovakia in 1938, but took a relatively firmer stand over Poland in 1939? 9. Compare Soviet and British policies toward Poland between 1943 and 1945, focusing on both aims and outcomes. 10. Did the nature of German rearmament b etween 1935 and 1939 support the view that Hitler was planning for a Blitzkrieg war? 11. Asses and explain whether the internment of Japanese Canadians justified during World War Two? 2. Discuss the major differences between how the allies treated Germany after World War Two with World War One and how it may have been better. 13. Compare the strategic significance of the Battle of Stalingrad and the Battle of Britain. 14. Discuss Blittzkrieg and the importance of this tactic during World War Two. 15. Assess and explain the role of women during WWII and compare them to WWI. 16. The Second World War had consequences for European society and the world at large that were every bit as profound as the changes wrought by World War I. Assess these consequences as they became evident in 1945 as the war ended as well as for the years following from the standpoint of physical losses (casualties, refugees, infrastructure, etc. ) as well as the political and territorial settlements in Europe and the world at large. 17. To what extent were the German’s people responsible for Hitler/ Holocaust. 18. Compare WWI to WWII, identifying similarities in the causes, development, and outcomes of the wars. Other topics to consider Appeasement (WLM King) Isolationism The Treaty of Versailles The League of Nations (failure of) Dieppe D-Day (Juno Beach) Liberation of Holland Dunkirk (evacuation of) Battle of Britain Battle of the Atlantic Role of Technology / Canadian war production Anti-Semitism in Canada Internment of Japanese Canadians War on the homefront – War production / Changing role of women TOPIC LIST Blitzkreig The Battle of the Atlantic Women’s Royal Canadian Naval Service (Wrens) Lebensraum The Brtsh Commonwealth Air Training Plan Canadian Women’s Auxiliary Airforce Occupation of the Rhineland Camp X The Munich Pact Cdn Women’s Army Corps D-Day The Nazi-Soviet Non Aggression Pact The Battle for Normandy Canadian War Brides Dunkirk Treaty of Versailles The Royal Cdn Air Force Wm. L. Mackenzie King War on the Homefront War Propaganda The Home Front General Guy Simonds Canada and the Italian Campaign Conscription The Scheldt Estuary The Internment of Japanese Canadians Liberation of the Netherlands Canada and Hong Kong Juno Beach The Battle of the Atlantic VE Day Dieppe Verrieres Ridge How to cite Adolf Hitler and Japanese Canadians War, Essay examples

Tourism and mice free essay sample

Hello everybody. First of all, let me thank you all for making the effort to be here with me today. Let me introduce myself. My name’s Thuy Hang, the member of E1 Class. I’m here today to talk to you about one of the most developing kinds of tourism in Vietnam, mice and its potential for Vietnam tourism and corporate entertainment. My topic is absolutely practical because tourism nowadays has been an important part of the whole economy and life. I shall only take 7 minutes of your time. In my presentation I’ll focus on three main issues: First, I’ll be looking at the definition of MICE to understand what MICE is; second I will analyze the potential of MICE for Vietnamese tourism, and I will finish my presentation by showing the potential of MICE for Vietnam corporate entertainment. Feel free to ask any questions at the end of my talk. We will write a custom essay sample on Tourism and mice or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Now let me get started! First and foremost, what I put in my priority is MICE’s definition or what is MICE. MICE tourism, the new buzzword in international tourism markets, stands for Meetings, Incentives, Conferences/Conventions, and Exhibitions. Mice tourism means travelling in combination with attending meetings or conferences. It is a very very very specific form of business tourism that relates to the activities of groups of business people travelling for business purposes and represents a multi-million dollar segment of tourism all over the word. MICE is now a kind of tourism that brings great income to the tourism sector of many countries including developing countries like Vietnam. MICE is an advanced branch of tourism involving vigorous economic activities and hence, plays a significant role in the tourism economy of a destination. This is one of the most successfully developing kinds of tourism in the world. Ok, that’s all I want to say about what MICE is. So is it necessary to develop mice in Vietnam? To answer this question, let’s move to the next part â€Å"What is the potential of MICE in Vietnam tourism? †. Destinations in Singapore, Bangkok, Jakarta and Kuala Lumpur have become familiar with MICE tourists, therefore the World Tourism Organization wants to discover a new destination in Southeast Asia such as Vietnam. MICE first came to Vietnam in 1990, but only in the last two years has it seen a strong development. As you know, Viet Nam has a thousand year history with not only many historical vestiges, cultural architecture, and beautiful spots around all regions in Viet Nam but also the friendly people, the special food, the national character, the hidden charm and a very peaceful environment. And with such potential, Vietnam will attract an increasing number of MICE tourists, including company players, business people, investors and VIPs. Futhermore, Vietnam is on the way of integration process. That’s why there are many meetings and events organized to co-operate in business, set up relation and consolidate friendship with other countries. Tourism infrastructure experiences a nonstop development, which makes many organizations, units and visitors choose Viet Nam a coming spot of mice   tourism. This brings us to the next question. What about MICE for Corporate Entertainment ? Let’s now take a look at the last part of my presentation. MICE is also attractive to the Corporate Entertainment. According to travel firms, MICE tourism can bring turnover six-fold higher than other kinds of tourism as MICE delegations always consist of several hundred travelers who have big budgets and use many kinds of services. It’s really a good opportunity for Vietnam Corporate Entertainment. Why do I say that? MICE brings them greater income than any other kinds of events as well as helps them to advertise their brand-name to people from different countries easily. As you can see, Vietnam has many advantages to develop this kind of tourism. Therefore, MICE industry becomes new development trend in Vietnam. However, Vietnam should be more flexible with the market field of vision, concentrate on training the staffs to serve tourists in the best way. The future of MICE tourism in Vietnam will depend on all Vietnamese people, from travel firms, the tourism management administration. I’m now nearing the end of my talk. Before I stop, let me go over the key issues again. They are the definition of MICE, the potential of MICE for Vietnam tourism and corporate entertainment. In my opinion, we should make greater attempts to use MICE tourism more efficiently and successfully in Vietnam. Thank you very much for your listening. Have a nice day!

Business 410 Question and Answer

Business 410 Question and Answer Free Online Research Papers Business 410 Question and Answer 1. What is the impact of specific activities targeted at a small group in the organization on the rest of the organization’s employees? Answer In the case presented in the simulation, the focus of employee satisfaction was placed on a small group of employees that handled the baggage at the airport. I chose a few benefits, some monetary in value and some non-monetary in value in hopes of keeping them happy. The effect on the baggage handlers was significant in terms of job satisfaction and the quality of life of those team members. A possible detriment to this type of change is the possible effect it might have on the employees not in the baggage handlers group. Although not much was discussed in the simulation on other groups, it is obvious that other employees will hear about the added benefits and will feel left out. One of the top expectations employees have for their employers is fairness. It might be wise for Clara and Ray to devise a program for the rest of the employees of the airport including further surveys and meetings, as well as looking into other low or no cost compensation packages for all employees. 2. How can an organization convey that it is stringent about its policy on sexual harassment? Answer Again, in the case at the airport, two things that we did gave the perception to the employees that we were serious about the sexual harassment policy. Communication to the employees is the first key. Getting input from the employees about there thoughts and feelings on the subject is important so we know how to react in terms of giving them what they want. It also gives them a sense of accountability and ownership of the issue. The second course of action is to have not only short term plans but also long term plans to ensure that first, the issue is rectified right away, and second, the issue will not arise again. 3.Can a performance appraisal system in one organization be replicated in another? Answer Hermann Vaske once made the statement â€Å"we are all standing on the shoulder of giants†. In this case, a performance appraisal system can be replicated in other situations with some minor tweaking. By looking at what worked well and what did not, organizations can custom make a appraisal system that will work well no matter what genre of company it is. The important issues revolve around employee satisfaction and their personal life balance, not necessarily the job itself. Research Papers on Business 410 Question and AnswerMoral and Ethical Issues in Hiring New EmployeesResearch Process Part OneIncorporating Risk and Uncertainty Factor in CapitalAnalysis of Ebay Expanding into AsiaThe Project Managment Office SystemMarketing of Lifeboy Soap A Unilever ProductNever Been Kicked Out of a Place This NiceTwilight of the UAWTrailblazing by Eric AndersonBionic Assembly System: A New Concept of Self

Meiosis - Definition and Examples in Rhetoric

Meiosis s in Rhetoric (1) To belittle, use a degrading epithet or nickname, often through a trope of one word. A concise form of invective. (2) A kind of humorous understatement that dismisses or belittles, especially by using terms that make something seem less significant than it really is or ought to be.Plural meioses; adjectival form, meiotic. See Examples and Observations, below. Etymology:From the Greek, diminish Definition #1: Examples and Observations Meiosis, often achieved through a trope of one word, may range from bitter scorn to light derision.​(Sister Miriam Joseph, Shakespeares Use of the Arts of Language, 1947)The unspeakable in full pursuit of the uneatable.(Oscar Wilde on fox hunting)rhymester for poetgrease monkey for mechanicshrink for psychiatristslasher for surgeonright-wing nutjobs for Republicans; left-wing pansies for Democratspecker checker for urologistambulance chaser for personal injury lawyershort-order chef for morgue workertreehugger for environmentalistKing Arthur: The Lady of the Lake, her arm clad in the purest shimmering samite held aloft excalibur from the bosom of the water.Peasant: Listen, strange women lying in ponds distributing swords is no basis for a system of government. Power derives from the masses not from some farcical aquatic ceremony.King Arthur: Be quiet!Peasant: You cant expect to wield supreme power because some watery tart threw a sword at you.King Arthur: Shut up!Peasant: If I went around saying I was an emperor because some moistened bint had lobbed a scimitar at me . . ..(Monty Python and the Holy Grail, 1975) Definition #2: Examples and Observations Meiosis is a statement that depicts something important in terms that lessen or belittle it. [Woody] Allens fictitious graduation speech . . . alternated between hyperbole and meiosis. Discussing the crisis of alienation in society, Allen remarked. Man has seen the ravages of war, he has known natural catastrophes, he has been to singles bars. Commenting on the benefits of democracy, Allen observed, In a democracy at least, civil liberties are upheld. No citizen can be wantonly tortured, imprisoned, or made to sit through certain Broadway shows. The pattern in each case was the same. Allen introduced a serious topic, began to treat it in a dignified and elevated manner, but ended on a note of understatement.(James Jasinksi, Sourcebook on Rhetoric. Sage, 2001)In The Black Cat [by Edgar Allen Poe] the narrator . . . wants desperately to believe that the narrative he is about to relate is not one of supernatural vengeance on the part of demonic cats and punishing gods; rather, he calls itagain using meiosisa homely narrative. By homely he means ordinary. Through meiosis he attempts to downplay the events and their possible implications for his soul. When he mentions the apparent shape of the white fur on the second cat as resembling a gallows, he again tries to deemphasize the significance of the phenomenon by referring to it as one of the merest chimeras it would be possible to conceive. He frantically wants to believe that the gallows on the cats fur is a mere trick of the imagination and not a supernatural portent of his doom.(Brett Zimmerman, Edgar Allan Poe: Rhetoric and Style. McGill-Queens University Press, 2005) Pronunciation: MI-o-sis Also Known As: diminutio, minution, extenuatio, figure of extenuation, prosonomasia, the disabler, the nicknamer

Strategy management Essay Example | Topics and Well Written Essays - 2500 words

Strategy management - Essay Example The company is leading independent oil company in Africa and they have increased the penetration of their operation in the continent by exploring new oil basins in Ghana. Average daily production capacity of the group is 78,300 barrels of oil. Production capacity of Tullow Oil plc has increased by 35% over the last one year while at the same time the company has achieved a profit after tax of $689 million in the year 2011 (Tullow Oil plc, 2013). Industry experts have pointed out that completion of $2.9 billion farm down in Uganda has helped Tullow Oil plc to achieve financial flexibility and inorganic growth. Industry Analysis The study will try to analyze the oil and gas sector of UK in order to analyze the business environment in which Tullow Oil plc is operating. Tullow group is basically a British firm hence it will be feasible to analyze the oil and gas industry dynamics of UK. ... large players who have achieved high degree of vertical integration in the field of oil exploration, oil refining, crude oil production, transportation and marketing. Buyer- seller relationship in the oil and gas industry of the country is flexible because a seller can act as buyer in particular stage of the transaction. There is a complex buyer seller relationship which decreases the buyer power significantly. There are two types of buyers such as individual buyer and institutional buyer in the oil and gas industry of UK. Generally institutional buyers such as chemical companies and independent retailers make large purchases from oil and gas companies hence loosing such a client would impact negatively on the revenue of big companies. Presence of buyers who make large purchases has forced oil and gas companies to customize product offering. Price of undifferentiated product portfolio such as crude oil and gas is dependent on the supply and demand equation created by mercantile excha nge of London, New York and Dubai, which has further decreased the buyer power. Overall the buyer power is assessed as moderate. Supplier Power Companies like Smith International, Schlumberger, Baker Hughes and Halliburton are major suppliers for large oil and gas companies in United Kingdom. Generally oil companies need technical supports such as polycrystalline diamond compact bits, measurement while drilling from suppliers in order to continue the operation (Market Line, 2012b). Supplier power is also dependent on demand and supply equation of the industry hence overall supplier power is assessed as moderate. New Entrants It is very difficult to analyze the threat of new entrant in the industry because there is a possibility that a company can work in one or more section of the value