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As shown by Dr. King, speeches are powerful and can be used to move
mountains. That’s why it’s important to know the different types of
speeches and how you can harness them to your advantage.
Basic Types of Speeches
Demonstrative Speech
Entertaining Speech
Persuasive Speech
Motivational Speech
A motivational speech is a unique type of speech and has the goal of self-
improvement for the audience members. With a motivational speech, you
can turn a negative situation into a positive one. These types of speeches
are especially popular in business meetings with executives, to complete a
certain task, or to encourage employees to sell more of your product or
service. Motivational speeches can be found in elementary school to high
school in order to motivate the students to do better on a test or in a
sporting event. The speeches are great for inspiring people, lifting a
person’s self-esteem, or even motivating an entire crowd of people.
Debate Speech
Debates are arguments that have rules and regardless of which style you
choose, each side receives the topic then has a certain amount of time to
prepare to present it. Debate teams develop very valuable skills, including
research skills, public speaking skills, leadership skills, initiative skills,
developing grace under pressure, critical thinking skills, and developing
arguments that are both logical and sound. Debaters also learn to think on
their feet, which is why many people who join debate teams during high
school and college go on to become professional mediators or lawyers.
There are many advantages to belonging to a debate team and some of
those can be found here
.
Forensic Speech
The term “forensic speech” merely refers to the practice and study of
debate and public speaking. This is according to the American Forensic
Association and this activity is practiced by millions of high school and
college students each and every year. The reason why it is called forensics
is that this practice is patterned after the competitions at public forums
during the period of ancient Greece.
Fundamental Operation
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Generally, the order in which we perform operations sequentially from left to right
is: division, multiplication, addition, subtraction.
This order is expressed in short as ‘DMAS’ where ‘D’ stands for division, ‘M’stands
for multiplication, ‘A’ stands for addition and, ‘S’ for subtraction.
We first need to perform operation of the divisions and multiplications starting from the left
towards the right and then perform operation of the additions and subtractions from the left
to right.
Some of the examples will help us to understand the precedence of operations of addition,
subtraction, multiplication and division.
For example, if a person has a $52,000 salary and he is paid once a week, then the gross amount of each of
the 52 paychecks he receives during the year is $1,000 ($52,000 / 52 weeks). The person receiving a salary
is not paid a smaller amount for working fewer hours, nor is he paid more for working overtime.
Someone who is paid wages receives a pay rate per hour, multiplied by the number of hours worked. This
person is considered to be a non-exempt employee. For example, a person who is paid a wage of $20 per
hour will receive gross pay of $800 ($20/hr x 40 hours) if he works a standard 40 hour week, but will only
receive gross pay of $400 ($20/hr x 20 hours) if he works 20 hours in a week. A person who receives wages
is also entitled to overtime pay of 1.5x his normal rate of pay if he works more than 40 hours per week.
There is also a difference between salary and wages in regard to the speed of payment. If a person is paid a
salary, he is paid through and including the pay date, because it is very simple for the payroll staff to
calculate his salary, which is a fixed rate of pay. However, if a person is paid wages, he is usually paid
through a date that is several days prior to the pay date; this is because his hours may vary, and the payroll
staff needs several days to calculate his pay.
If a person is paid wages and there is a gap between the last day worked for which he is paid and his pay
date, that gap is paid in his next paycheck. This gap does not exist for a salaried worker, since he is paid
through the pay date. Thus, pay is much more likely to be accrued in a company's financial statements for
a person being paid wages than for someone being paid a salary.
The expression of a person's pay rate varies depending on whether that person receives a salary or wages.
Thus, a person may receive a salary of $52,000, or wages of $25.00 per hour. Assuming a standard work
year of 2,080 hours per year, the person receiving wages of $25.00 per hour is actually earning the same
gross pay as the person receiving a salary of $52,000 (2,080 hours x $25/hour), though the person earning
a wage has the opportunity to earn overtime, and so can be considered in a better compensation situation
than the person being paid a salary.
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A tool to identify and access the attractiveness of a business opportunity. It is a part of the business planning or strategy
processes wherein before undertaking a new product or service, you analyze the market for it to determine probable profit
and revenue from it. One of the most important factors considered and analyzed in market opportunity analysis is the
forecasted demand for the product or the service.
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Market Build-up
Some important questions which one tries to answer through a market opportunity analysis are the most profitable market
segment, rate at which the opportunity is growing, competitor and gap analysis, what are the key sustainable
differentiation points etc. Through these, one tries to answer questions on how to enter the market and what should be the
key value proposition.
1) Identify the business environmental forces – The factors to consider while analyzing the business environmental
factors are - Economic conditions and trends, Legal and regulatory situations and trends, Technological positioning and
trends (state of the art; related R&D), Relevant social changes and Natural environment.
2) Describe the industry and its outlook – The factors to be considered while performing industry analysis are - Type of
industry, Size -now and in 3-5 years, Types of marketing practices, Major trends and Implications for opportunity.
3) Analyze the key competitors – The factors considered here are - Product description, Market positioning (relative
strength and weaknesses, as seen by customers), Market practices: channels, pricing, promotion, service, Estimated
market share (if relevant) and Reactions to competition
4) Create a target market profile – The factors to be considered are - Levels: generic needs, product type, specific brands,
End-user focus; also channel members, Targeted customer profiles, Who are my potential customers , What are they like as
consumers/businesspeople, How do they decide to buy / not buy , Importance of different product attributes and What
outside influences affect buying decisions.
5) Set Sales Projections – As many formal or intuitive approaches as possible for determining this should be used and
then the results obtained should be compared and then a decision should be taken on go or no go for the product/service
in question.
A Marketing Matrix is essentially a plot on a two-dimensional plane according to how well
they meet customers' key requirements. You can do this by drawing two lines in the form of a
cross.
Market penetration
Market penetration is the name given to a growth strategy where the business
focuses on selling existing products into existing markets.
Market penetration seeks to achieve four main objectives:
• Maintain or increase the market share of current products – this can be
achieved by a combination of competitive pricing strategies, advertising,
sales promotion and perhaps more resources dedicated to personal
selling
• Secure dominance of growth markets
• Restructure a mature market by driving out competitors; this would require
a much more aggressive promotional campaign, supported by a pricing
strategy designed to make the market unattractive for competitors
• Increase usage by existing customers – for example by introducing loyalty
schemes
A market penetration marketing strategy is very much about “business as usual”.
The business is focusing on markets and products it knows well. It is likely to have
good information on competitors and on customer needs. It is unlikely, therefore,
that this strategy will require much investment in new market research.
Market development
Market development is the name given to a growth strategy where the business
seeks to sell its existing products into new markets.
There are many possible ways of approaching this strategy, including:
• New geographical markets; for example exporting the product to a new
country
• New product dimensions or packaging: for example
• New distribution channels (e.g. moving from selling via retail to selling
using e-commerce and mail order)
• Different pricing policies to attract different customers or create new
market segments
Market development is a more risky strategy than market penetration because of
the targeting of new markets.
Product development
Product development is the name given to a growth strategy where a business
aims to introduce new products into existing markets. This strategy may require
the development of new competencies and requires the business to develop
modified products which can appeal to existing markets.
A strategy of product development is particularly suitable for a business where
the product needs to be differentiated in order to remain competitive. A
successful product development strategy places the marketing emphasis on:
• Research & development and innovation
• Detailed insights into customer needs (and how they change)
• Being first to market
Diversification
Diversification is the name given to the growth strategy where a business
markets new products in new markets.
This is an inherently more risk strategy because the business is moving into
markets in which it has little or no experience.
For a business to adopt a diversification strategy, therefore, it must have a clear
idea about what it expects to gain from the strategy and an honest assessment of
the risks. However, for the right balance between risk and reward, a marketing
strategy of diversification can be highly rewarding.
Without marketing, most businesses would fail. But many small businesses
don’t take the time to create a comprehensive marketing plan.
What often ends up happening is these businesses will try different
marketing tactics ad hoc, with only minor to moderate success. Or they’ll
score a big win by chance but find themselves unable to properly scale their
tactics, goals and strategies.
There are plenty of online marketing tools that give businesses an edge
today. But businesses should never forego a well mapped out marketing
plan.
So first things first…
Learning how to write a marketing plan forces you to think through the
important steps that lead to an effective marketing strategy. A plan will
also help keep you focused on your high-level goals.
Whether you’re a team trying to set smarter marketing goals, a consultant
trying to set your client in the right direction, or a one-person team trying
to introduce structure, a solid marketing plan shows that your marketing
strategies are backed up by research.