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Quastions ch 3 Essay Example | Topics and Well Written Essays - 500 words

Quastions ch 3 - Essay Example ndispensable to comprehend those political ways of thinking other than impacting financial, and social exe...

Sunday, January 26, 2020

The effects of inequality on young people

The effects of inequality on young people In what ways is inequality detrimental to the life chances of children and young people? How can practitioners address inequalities in their work with children and young people? Being discriminated against and suffering inequality (lack of equal treatment) can be detrimental to children and young people’s life chances, such as their education, qualification attainment and future employment. People can be discriminated against because of their age, religion, ethnicity, background, lifestyle and sexuality which can have a huge impact on their life depending on how these issues are addressed and how they are supported by their family, friends and practitioners. In this essay I am going to discuss how inequality can be detrimental to the life chances of children and young people, and how practitioners can help address these inequalities in their work. I will explore diversity, discrimination and the barriers which stop society being more inclusive. I will also explore the important role of practitioners and the support they are able to offer to those subject to discrimination. As a practitioner working in Scotland you must abide by the Scottish Social Services Council’s (SSSCs) Codes of Practice. â€Å"TheCodes of Practice for Social Service Workers describe the standards of professional conduct and practice required of social service workers as they go about their daily work.† (The Open University, 2013a). There are also four key capabilities in child care and protection that practitioners must follow: values and ethical practice, knowledge and understanding, effective communication and professional competence and confidence. By following these four key capabilities and abiding to the SSSC’s Codes of Practice, this allows practitioners to make the right decisions and work and communicate appropriately with children and young people. By doing this they are addressing inequalities by using their professional values, and not allowing their personal views and beliefs to overshadow what is right. Diversity is a distinctive feature of contemporary life in Scotland. â€Å"The term ‘diversity’ explains the ways in which people as individuals and as members of groups differ from each other; and that there is a variety of differences. It is evident that today a range of differences exist in the UK† (The Open University, 2013b). These differences range from people’s social class, family dynamics and values and beliefs. These differences can cause discrimination however diversity should be celebrated rather than being seen as negative. Children, young people and families whose lives are affected by discrimination and inequality need to be supported. Practitioners must have a social ecological perspective which is â€Å"a way of working with individual children, young people and families that keeps them at the centre but applies knowledge and understanding of the bigger picture when trying to understand their lives.† (The Open University, 2013c). Hav ing this perspective helps practitioners address inequalities in their work with children and young people and offer the appropriate supports. There are barriers stopping society from being more inclusive, such as the attitudes of people towards others who are seen as ‘not normal’, however â€Å"Social attitudes and legislation have successfully tackled discrimination and have, arguably, created a more inclusive society in the UK.† (The Open University, 2013d). Although there are barriers which stop society being more inclusive it has been argued that over the past 50 years in the UK diversity has developed, alongside increasing liberal ideas about how individuals and families arrange their lives, therefore factors such as age, social class, gender, disability, and religion should not be barriers to people’s life chances. Although diversity has developed it is still affecting people’s lives. As seen on the module website (The Open University, 2013e), a young person discusses her own personal experience of suffering racism and how this affected her life, which could possibly be detrimental t o her life chances. Although the perpetrator was charged by the Police, the young person’s self-esteem has suffered and she is in constant fear of being at risk of harm while out in the community. The young person also speaks about not receiving appropriate support from her family nor a practitioner, however if the young person had received the appropriate supports after the incident this could have had a positive impact on her and helped alleviate the young person’s fears. This highlights how important the role of a practitioner is in order to address inequalities in their work with children and young people. â€Å"Sociological theories suggest that socialisation is the process by which we learn from the society into which we are born† (The Open University, 2013f). Initially for most people socialisation takes place within the family as children and young people will adopt the views and beliefs of their parents. There are other social structures which provide socialisation and may interfere or change a person’s opinions such as school, the media and peer groups. Thomson’s PCS Model analyses socialisation and the inequalities that are raised within it. Thomson’s model suggests that people have their own Personal views or beliefs which are interlinked with theCulturalvalues that exist in a person’s community or belief system. This is also interlinked on a Structural level which includes society as a whole such as tabloids, institutions and governments. Children and young people who are looked after and accommodated can suffer inequality as their education may be influenced by their socio-economic background. Although the Guidance to the Children (Scotland) Act 1995 states that â€Å"Children who are looked after should have the same educational opportunities as all other children for education, including further and higher education, and access to other opportunities for development.† (The Open University, 2013g), this is not the reality of it. Children and young people who are accommodated tend to be under a great deal of stress due to their circumstances. They might be missing their family, they may have to move school, they may not live as close to their friends and they may have uncertainties about their future. Using Thomson’s PCS model, society has their own personal views and cultural values of children and young people who are in care such as assuming they are badly behaved or that they deserve to be in care. As well as the children/young people trying to deal with the views/beliefs of these people and the community as a whole, they can also be judged on a structural level and are trying to cope with how the media view them. This negative perception of children and young people in care is a form of discrimination and could be detrimental to their life chances due to the effect it can have on their mood, social life and learning ability. â€Å"‘Biological citizenship’ refers to the attempts by parents of children with disabilities to engage in activism and community participation to increase the citizenship rights of their children through links with groups such as Scope, Mencap and ENABLE Scotland.† (The Open University, 2013h). As discussed in Goodley and Runswick-Cole, 2010, p. 73-75, Gayle and Shelley are both mothers of children who are affected by a disability and although they have had very different experiences, they both resorted to using groups as a form of support. Gayle’s son Simon is eleven years old and has been diagnosed with asbergers, and Shelley’s daughter Chloe who is sixteen years old has been diagnosed with a rare genetic syndrome. Gayle found that Simon’s label allowed her to access support whereas Shelley found Chloe’s label as ‘useless’ because there were no supports that could be offered to her. Eventually both parents turned to â⠂¬Ëœreal’ parent support groups where biological citizenship is acted out. They found these groups positive overall and were able to relate to other parents who had similar experiences, however Shelley felt that â€Å"tensions could arise within the parents group, particularly when it came to making choices about mainstream or special provision† (Goodley and Runswick-Cole, 2010, p. 78). When discrimination affects a child or young person’s life chances it ultimately affects their parents/family, as it did Gayle and Shelley who felt the need to join a group to gain support and understanding. If Gayle and Shelley had received the appropriate support from a practitioner they may have felt that a group was unnecessary. In conclusion, inequality can be detrimental to the life chances of children and young people, affecting their social lives and their education. They could be discriminated against because of their age, religion, sexuality, gender or background and this could have an impact on their life as a whole. When children and young people are discriminated against this can also have an effect on their families, for example Gayle and Shelley who required the support of parent support groups. Practitioners can help address these inequalities through their work by abiding by the SSSC’s Codes of Practice and following the four key capabilities. By doing this it helps them to make the right decisions and work and communicate appropriately with children and young people to support them through discrimination. References The Open University (2013a) ‘Section 1.4: The module areas of study’ K229 Learning Guide 1 [Online]. Available at www.learn2.open.ac.uk/mod/oucontent/view.php?id=350865section=5 (Accessed 12 November 2013). The Open University (2013b) ‘Section 2.1: Families, diversity and social change’ K229 Learning Guide 2 [Online]. Available at https://learn2.open.ac.uk/mod/oucontent/view.php?id=350871section=2 (Accessed 12 November 2013). The Open University (2013c) ‘Glossary’ K229 Resources and Forums [Online]. Available at https://learn2.open.ac.uk/mod/glossary/showentry.php?concept=courseid=202246eid=116725displayformat=dictionary (Accessed 12 November 2013). The Open University (2013d) ‘Section 2.2: Barriers to a more inclusive society’ K229 Learning Guide 2 [Online]. Available at https://learn2.open.ac.uk/mod/oucontent/view.php?id=350871section=3 (Accessed 12 November 2013). The Open University (2013e) ‘Section 2.3: The impact of discrimination and inequality’ K229 Learning Guide 2 [Online]. Available at https://learn2.open.ac.uk/mod/oucontent/view.php?id=350871section=4 (Accessed 12 November 2013). The Open University (2013f) ‘Glossary’ K229 Resources and Forums [Online]. Available at https://learn2.open.ac.uk/mod/glossary/showentry.php?courseid=202246eid=116715displayformat=dictionary (Accessed 12 November 2013). The Open University (2013g) ‘Section 2.5: Addressing discrimination and inequality’ K229 Learning Guide 2 [Online]. Available at https://learn2.open.ac.uk/mod/oucontent/view.php?id=350871section=6 (Accessed 12 November 2013). The Open University (2013h) ‘Section 2.5: Addressing discrimination and inequality’ K229 Learning Guide 2 [Online]. Available at https://learn2.open.ac.uk/mod/oucontent/view.php?id=350871section=6 (Accessed 12 November 2013). Goodley, D. and Runswick-Cole, K., (2010) Working with Children and Young People: Co-constructing Practice, ‘Disabled children, their parents and their experiences with practitioners’. Page 1 of 4

Saturday, January 18, 2020

Behavioral and Social/Cognitive Approaches to Forming Habits Essay

While analyzing the formation of habits using behavioral and social/cognitive approach I will use personal scenarios to back my research on how habits form personalities. I will provide the reader with sequence of developmental habits and role models if any that contributed to the formation of my own habits. Next, I will discussing the reason why I’ve continue to repeat these habitual acts and how I have succeeded in break the negative habit. Then using the behavioral personality theory and the components of social/cognitive theory I will explain why and how I developed these habits. Last, using supportive facts from course readings of chapter six and seven with online citing and facts, I will compare the theories behavioral and social/cognitive and develop my own hypothesis on which theory I believe best describes my personality. When developing habits the self conscious mind forms an image to what it perceives to be a positive emotional connection, satisfaction, or rewarding feeling. Thus rejecting the negative approach and replacing it with capitalize or self sufficient compensation. The conditioned response would occur in response to stimuli that were similar to the conditioned stimulus, indicating that there was generalization of the conditioning, but the conditioned response would not occur for all possible similar stimuli, indicating the difference between different stimuli; this is called discrimination.(Friedman & Schustack, p. 187, 2012) Growing up I developed a few positive and negative habits that has helped me shape my personality and image. The positive habit being basketball and the negative habit being smoking. When I was about four or five years old I would watch basketball games with my cousins on television. At the time I don’t understand what was really going on, but I did know that all I wanted to do was dribble a basketball. Whenever I had a change to dribble a ball, any ball I did. By the time I was ten years old I was able  to dribble with both hands in an equal manner, basically hiding any dominate traits of my left hand dribble. At the age of seven I discovered the ultimate basketball player that lives to this day, Michael Jordan! I wanted to be like Mike, but the female version. Becoming the first woman to play basketball in the NBA. Losing the opportunity when the WNBA was developed and I was only about fifteen, I just settle with being the best that I could be. In high school I was consider popular because I was on the basketball team, but to me the popular students where the one’s everyone knew the seniors and juniors. During my sophomore year the older students started to notice me because of how well I played on the freshmen JV squid the year before. I was now on the varsity team and I wanted to fit in with the rest of the popular students. Some were a great influences and some werenâ €™t. The wrong influences had me try cigarettes. At first it was cool, but I hated the taste and I notice that my breathing wasn’t the same so I quit, but quickly developed a new habit. I began to use smoking as a cover up of my feeling of my relationship with my mom, but it was no longer cigarettes I had moved up to marijuana. I continued doing both habits for a very long time mentally training myself to smoke only on the weekends or breaks during my seasons of basketball and other sports I played. I was an A-, B+ student never causing any issues at home with my grandmother and going to church every Sunday, but like my grandma always said â€Å"eventually what in the dark will come to light.† I never truly notice how the weed was affecting me grades and social life. During my senior year in high school I was hanging with pot heads and barely going to class if I went to school. My A- and B+ were now B-, C’s, D’s, and a few F’s. It also started to effect my playing the coach would just let me sit o n the bench until I was ready to play. This was a very sad situation because M had been excepted to Syracuse University with a full ride as long as I keep me grade up and continued to flourish during the next basketball season. After losing my scholarship because of my grades slipping and my lack of participation on the court that year I know I hand to stop the weed habit because it was causing me to lose everything I worked hard to achieve. Quitting the marijuana habit I was able to go to the local community college and working my way back up the scale. I never got back the basketball scholarship opportunity, I did grow up to become a physical education teacher who also coaches basketball now and has  been an undefeated Charter School Girls champion for four year straight. Living me with the only habit of my love for basketball and teaching my developed skills to other potential basketball star athletes. Use the behavioral personality theory to explain why I had a smoking habits it has come to my attention that my smoking habit only occurred because I made it a routine act in my life. By giving the sustain a meaningful generalization of why it was needed created a repetitive action of usage that had a tr ue meaning. For example, this form habit could be compared to taking a shower, a essential act that must be preformed daily. â€Å"Consistency of everyday established life habits or behavioral dispositions to repeat well practiced actions given recurring circumstances.†(Smith, 2012, para.2) Through components of social/cognitive theory my habits may have formed because of my daily interaction with the wrong associates and environment. By constantly being around people who smoke cigarettes and marijuana it became a negative influential social gathering. Learning occurs in a social context with a dynamic and reciprocal interaction of the person, environment, and behavior which unique feature of SCT is the emphasis on social influence and its emphasis on external and internal social reinforcement.(â€Å"The Social Cognitive Theory,† 2013). When I decide to quit smoking I remember looking down at the joint in my hand and saying â€Å"this isn’t going to solve my problems it jus t seems to make things worse† and I vowed to never smoke again and I’ve been drug free for thirteen years with no urge to ever smoke again. Unfortunately everyone do not have as strong of a mind set as I had and must develop a plan that applies operant conditioning to change their habit. If I had to create this plan for me the first thing I would do is develop a goal in which I feel is a reasonable amount of time to quite, let’s say thirty days. Next I would give myself a daily amount in which I can smoke and find a substitute of gum chew, healthy snack, or fun activity to do whenever I get the urge to smoke outside of my scheduled time. Each week I would make my intake smaller and increase my substitution activities until the urge has complete vanished. The decreasing of the substance is known as the extinction process that frequency of the organism’s producing a response gradually decreases when the response behavior is no longer followed by the reinforcement (Friedman & Schustack, p. 188, 2012) The social cognitive theory of personality must be deployed in two stages, first  develop awareness of problems and develop the motivation to change, and second involve the actual plan and implementation of change behavior. (Smith, 2012) After learning about the process between the behavioral and social/cognitive theories, I can say that both theories do represent part of my personality and cannot devote myself to any particular theory. I truly feel even though I may have started smoking because of who I socialized with. I do believe I only continued on with the addictive behavior because I made excuses for the behavior, creating my own valid reason to repeat this social substance abuse act even on my own. In conclusion I believe that both theories have a very strong base, but doubt that any real person can consist of only one theory when it comes to forming normal or additive habits. References Friedman, H. S., & Schustack, M. W. (2012). Personality: Classic Theories and Modern Research (5th ed.). Retrieved from The University of Phoenix eBook Collection database Smith, N. (2012, January). How Personality and Behavior Influence Psychology. Article Myriad. Retrieved fromhttp://www.articlemyriad.com/personality-behavior-influence-psychology/ The Social Cognitive Theory. (2013, January). Behavioral Change Models, (), 1-7. Retrieved from http://sph.bu.edu/otlt/MPH-Modules/SB/SB721-Models/SB721-Models5.html

Friday, January 10, 2020

Psychological Interview Essay

A person’s personality and attitude are dynamic and made up of various, complex set of factors. The question of nature versus nurture and its contribution to a person’s personality has been debated for decades. Based on the interview that I conducted, I have come to a conclusion that one’s environment plays a more crucial role in one’s behavior. This is because one’s upbringing and culture overrode any biological tendencies that a person may inherently and internally possess.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   I interviewed a close family friend of mine named Lauren Reyes.   To figure out if biology has an impact on her behavior, I asked her if hormones influence her behavior towards other people. She said that she experiences mood swings but â€Å"[my] actions usually depend on the situation and the expectation of others.† Her answer conveyed that the expectation of others around her has been primarily based on what society deems is the proper reaction/behavior in a given situation.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   I also inquired about the traits that she have that has been influenced by her parents. She said that being kind, helpful, forgiving and considerate are the traits that she has learned from her parents. She has internalized being kind and helpful to the point that she is aware that she reflects those attributes when dealing with other people. This is demonstrated when I asked her how she sees herself. She told me that she sees herself as â€Å"friendly, approachable, and nice/kind†¦.like[s] to hel[p] others.† Her notion of herself as helpful is in turn perceived by others because she said that â€Å"I guess others just see me that way as well, because they turn to me for help.†   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In addition, her forgiving attitude is exhibited by the fact that she cannot stay mad at a person for a week. She also considers herself as â€Å"soft†, hence she easily forgives people. Meanwhile her considerate nature is illustrated when she does things for other people, especially to those that are dear to her, that she knows will benefit them. This is what motivates her to accomplish her goals and to do something productive in her life. Also, being considerate toward others is a strong influence on her behavior. Therefore, her actions in any matter will always be based upon how it will effect the lives or situation of those that she knows well and cares about.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Her considerate nature is a clear indication of her INJF personality, which is based upon the Myers Briggs Test that can be taken by anyone who wants to know what kind of personality he/she have. An INJF person has a â€Å"strong desire to contribute to the welfare of others and genuinely enjoy helping their companions,† which she agrees are accurate descriptions of who she is. Thus, these people are regarded as the â€Å"Counselor Types.†   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   This caring and helpful tendency extends to her romantic relationship. She thinks that an ideal relationship is when a person trieds to â€Å"mak[e] the other person [their significant other] happy.† She also acts like the motherly type in the relationship because she â€Å"like[s] to take care of [her] partner.†   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Similarly, her solid relationship with her friends is based upon the fact that she cares about them. This is also the reason that she remains loyal to them. This behavior is also reflective of her INJF personality, which shows that â€Å"she makes a decision based on emotion.† In this case, choosing her friends depending on how they make her feel.   Also, these genuine and warm feelings are extended to people that she just met. Although she admitted that she self-monitors her behavior around people that she just met and she is extra nice to them.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Moreover, the fact that her parents have few, close friends influenced her view and attitude on choosing her friends wisely and the kind of people she befriends. She said that she becomes friends with people who are nice and trustworthy. Thus, she is very selective when it comes to the people she will be friends with, which is also a mark of an INJF.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     On the contrary, her performance in school has been greatly influenced by her desire to â€Å"make [her] parents proud†¦[Hence] I study hard to maintain my good grades.† Thus, the desire to be outstanding in whatever she is doing comes from within. Therefore, Lauren is clearly motivated intrinsically. She also mentioned that her motivation to do well is not because she wants or expects a reward for a task. The reason she engages in a certain task is she gains a feeling of contentment whenever she is doing a specific task. In effect, this has contributed to a young lady who has become and continually shows to be a responsible person in all aspects of her life.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Her responsible attitude, which also reflects a tremendous sense of independence, has ensued because her parents came home at around 8-9pm. Hence, they were not really around when she gets home after school. She described this circumstance as a significant part of her life and has made her who she is right now. It has also resulted in her not liking to rely on other people.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   As a former student, she preferred to study at home in her room with music playing in the background. This particular trait exhibited by Lauren is in accordance with INFJ personality, which states that â€Å"when the INFJ’s thinking function is operative [the person becomes] most aloof†¦ such distancing is merely an indication that the seer is hard at work† (Butt). In addition, learning new information for her becomes easier if she observes the behavior being performed.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   On the other hand, her Filipino culture has molded her to be respectful towards older people, and accomodating to others. She said that she obeys older people out of respect and courtesy towards them. While her accommodating tendencies stem from the fact that she is viewed by others as approachable.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Likewise, Lauren personally believes that culture â€Å"play[s] a role in forming personality and attitude [because] culture tells you the acceptable and unacceptable attitudes.† Also, according to Lauren culture determine gender roles because gender roles are â€Å"dictated by society†¦For example, men should not be too emotional; they have to be logical. Women, on the other hand, should be neat with their stuff.†   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Numerous studies has also suggested that a person’s environment is responsible for one’s behavior. Robert Tyron, a pioneer in behavior genetics, conducted a study among rats that are bright in going around a maze versus rats that are dull in performing the same task. The study showed that the dull rats’ ability to go around the maze improved once they were placed in a stimulating environment. Hence, the study indicated that the stimulating environment improved the rat’s capability in going around the maze (Intelligence and Mental Abilities).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In addition, psychologist H.M. Skeels observed children who resided in orphanages in Iowa and were neglected by the adults that took care of them. The adults never read them stories, talk to them or played with them. The children were considered subnormal in intelligence when they took an IQ test. Two of the orphan girls were transferred to a an adult ward wherein the people â€Å"play[ed] with them, read to them, cheer[ed] them when they took their first steps, and encourag[ed] them to talk† (Intelligence and Mental Abilities). After 18 months, the IQ scores of these two girls improved.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It is apparent, just with the studies mentioned earlier, that a person’s environment affected a person’s intelligence and performance in life. While my interview with Lauren also showed that a person’s upbringing and culture contributes to a person’s personality and attitude. Lauren’s traits-such as her kind, helpful, forgiving and considerate nature- and behavior toward others are formed and developed by her parents. While her culture played a part in her attitude and relations toward older people. However, her motivation for doing any task comes from within and her interactions with people are based on how she feels toward them.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Overall, I personally believe that one’s environment clearly shapes a person’s personality and attitude in the long-run. People usually act in accordance with expected beliefs and mannerisms in the culture they are apart of. Hence, even if there is a segment of the population that are aggressive because they have high-levels of testosterone, proper etiquette and knowledge of societal norms will probably make them refrain from beating their loved ones or strangers. They may also decide to seek help with their out-of-control, aggressive behavior. Also, adequate child-rearing is essential to produce mature and responsible adults in our society. Thus, living conditions should be conducive to the development of a healthy, mature and responsible individual. Reference Butt, J. (2005). Introverted intuitive feeling judging. Retrieved February 1, 2008 from     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   http://typelogic.com/infj.html

Thursday, January 2, 2020

Aerospace And Defense ( A D ) Industry Competitive Analysis

Aerospace and Defense (AD) Industry Competitive Analysis The Aerospace and Defense (AD) is a highly concentrated industry (Global Edge, n. d.). The market is largely dominated by a small number of large companies in the industry, which is a characteristic of an oligopolistic competition. The major players in the industry include Boeing, Lockheed Martin, General Dynamics, Northrop Grumman, and Raytheon, (Choi, 2016). In oligopolistic market, companies make decisions based on their own actions as well as of others’ in mind (Johnson, 2014; Boundless, 2017). According Pettinger (2016), the key characteristics of oligopoly are †¢ The industry is dominated by a few large companies. For example, the AD industry is dominated by the top players†¦show more content†¦The decisions or strategies one company chooses will likely motivate other competitors to respond. Using the game theory allows a company to assess and understand more about itself and its competitors so that it can adjust and shape the competition to maximize its win probability (Johnson, 2014). Some examples of how AD companies apply the game theory in their decision making are: †¢ Pricing strategy: When bidding for the government contracts, the AD companies have to assess and anticipate how other competitors will respond to the Request for Proposal (RFP), which contains the details of the technical and non-technical requirements. In the lowest price, technically acceptable or LPTA contract, companies bid as lowest price as possible while maintaining the acceptable profit margin threshold for their operations. In order to determine the lowest price point that qualifies a company to win the contract and produces the highest profit as possible at the same time, not only does a company has to know its own profitable price point, it has to also anticipating how low other companies will bid the contract. For example, Company A has been trying to break into cybersecurity space in the past few years. However, it hasn’t been successfully in any of the previous bids. Contract XYZ is a large cybersecurity contract that will allow Company A to start gaining recognition as a primeShow MoreRelatedRaytheon Competitive Advantage810 Words   |  4 Pagesinternational customers. Raytheon is the fourth largest aerospace and defense company in the United States with $24 billion in sales and more than 63,000 around the world (Forbes, 2017). Raytheon has been successful growing through its existing and new government contracts, as well as through mergers and acquisitions. (â€Å"Raytheon’s 10-K Report†, 2016). Raytheon is organized into four businesses based on customer’s key mission areas: Integrated Defense Systems (IDS), Intelligence, Information and ServicesRead MoreThe Boeing Company : The World s Largest Aerospace And The Leading Manufacturer Of Commercial Jetliners Essay1095 Words   |  5 PagesThe Business The Boeing Company is the world’s largest aerospace and the leading manufacturer of commercial jetliners and defense, space and security system, with 159,469 employees across the United States and in more than 65 countries. The revenue is proximally $95 billion annually. The Chicago, Illinois-based company also designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles, and advanced information and communication systems. There are two businessRead MoreBoeing : The Airplane Company Essay1469 Words   |  6 Pagesand 1 emerging threat, Airbus and Aviation Industry Corporation of China (AVIC) respectively. Airbus is a multinational company who quickly established themselves as competitors in the commercial aviation industry by eclipsing both Lockheed Martin and Mcdonnel Douglas and starting a fierce rivalry with Boeing that has seen the two aviation giants trade places as the number one in the aviation/aerospace industry. AVIC is a Chinese state operated aerospace company that has established a healthy marketRead More Boeing Case Analysis Essay1669 Words   |  7 PagesBoeing Case Analysis On December 1996, the Boeing Company purchased McDonnell Douglas for a premium of 21% over the price of its stock. This move gave Boeing the opportunity to increase its value by transferring its knowledge across business units, both commercial and defense aircraft. But in the two years after the merger, Boeing’s stock lost one third of its value due to increased inefficiencies and costs associated with the merger. 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While one single strategy may not yield a significant growth effect, implementing them concurrently and consecutively can provide a powerful roadmap for near-term and long-term growth (Baghai, Coley, White, 1996). Below is an analysis of Raytheon’s seven staircases to continuousRead MoreSector Report: the Aviation Industry in France2584 Words   |  11 PagesThe aerospace industry is a sovereign, high-tech, performing industry, which is essential for the French economy as it creates prosperity for the country and aggrandizes its international reputation. France’s export success is the evidence that its products own the necessary quality and competitiveness, as more than 75 percent of its consolidated incomes are realized through exportation. This industry profile is a useful tool to help inve stors understand the emergence of the French aerospace industry