SWOT Analysis for HMI

SWOT Analysis for HMI HMI is operating in a highly competitive market. The market has various forces that influence the performance of a firm. The music industry has a lot of potential as well as threats. For a clear understanding of the operations of HMI, a SWOT analysis would be of great importance.Advertising We will write a custom essay sample on SWOT Analysis for HMI specifically for you for only $16.05 $11/page Learn More The strength of this firm lies in various factors. One of the major strengths of the project is its brand name. Although this brand has not managed to make a huge impact outside the home country, it is quickly gaining acceptance in the industry. The name is expected to attract the youth, who make the majority of the market share in the industry. This firm also has considerable financial strength due to the growth in its sales. As such, this project is in a position to implement its strategies, including those of research and extension. The firm is also exp ected to operate in various cities outside Spain and the United States. As such, it would be able to balance its production in such a way that when one section of its market would be experiencing recession, the other one would be experiencing an economic growth. Despite the above strengths, the firm has some weaknesses consisting in the fact that some of its competitors in this industry eat up a section of the market share. It is evident that one of the weaknesses that many environmentalists have repeatedly talked about is environmental degradation. The plastic materials that this firm uses in making the CDs and the cassettes are causing havoc to the environment. It is disappointing that this firm is yet to develop a solution to this problem because according to a simple market research, it is yet to replace completely the CDs with better alternatives. The firm operates in an environment with some opportunities, which can make it experience a massive growth in its market share. HMI has exploited a vacuum that existed in many countries in the world, especially in the developed countries. It is apparent that there was no competition for this firm in the overseas markets and this company was able to make enough profits; HMI was providing the market with a completely new product that was not comparable with any other in the market. HMI would find it easy to embrace change, which came about because of the changing technologies.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This was accelerated by its size, unlike other organizations which would not adopt change due to their large sizes. Technological advancements will also enable the firm to conduct trade easily due to improved means of communication and transport. The economic boom that the US government and various countries in Europe experienced following the end of the recession is another opportunity that can help this firm in expanding its market. The threats that this product is forced to deal with include competition and piracy. The market is very competitive, which calls for the stakeholders to come up with new strategies to counter the effects of competition. It is apparent that many firms are likely to come up with products, which are close substitutes of the products offered by this firm. The firm will have to fight for the available market share with competitors. Piracy is also eating up the profits of this firm. Security concern in some of the cities where this firm operates is another threat that the management must take into account. When there is an internal strife, such as the one experienced in Egypt and Libya in the recent past, the firm would lose millions of dollars due to destruction of its assets. During such periods, the firm would also lose profits it gets, while it will have to pay employees. This would cause a lot of financial damage to the firm.

Become a TA in Graduate School

Become a TA in Graduate School If you are preparing to go to graduate school, you may want to consider becoming a teaching assistant, or TA. An assistantship is a form of financial assistance provided to graduate students. They provide part-time academic employment and the school provides a stipend to the student. Teaching assistants  receive  a paid stipend and/or receive tuition remission (free tuition) in exchange for tasks they perform for a faculty member, the department, or the college. This defrays the cost of their graduate education​ but also means they are working for the college or university and have responsibilities as both a teacher and student. What Does a TA Get? The duties that a TA performs can vary according to schools, departments or what an individual professor needs.  Teaching assistantships provide aid in exchange for teaching activities, such as assisting a professor by conducting lab or study groups, preparing lectures, and grading. Some TAs may teach an entire class. Others simply assist the teacher. Most TAs put in about 20 hours per week.   While the discount or coverage of tuition is nice, a TA is a student at the same time. This means that he or she will have to maintain their own coursework load while providing TA duties. It can be a tough challenge to balance being both a teacher and a student! It can be hard for many TAs to do this, and to remain professional among students that are probably close in age, but the rewards of being a TA can be valued long after graduation. In addition to the financial perks, a TA receives the ability to interact with professors (and students) extensively. Being involved in the academic circuit provides extensive networking opportunities especially if the TA wants to eventually become an academic professional. The TA will have a valuable in for job prospects as they network with other professors. How to Become a Teaching Assistant Because  of the steep tuition discount, or complete tuition reimbursement, TA positions are coveted. Competition can be fierce in order to secure a spot as a teaching assistant. Applicants likely have to go through an extensive selection and interview process. After getting accepted as a teaching assistant, they typically undergo TA training.   If you are hoping to snag a spot as a TA, make sure you know about the application process early. This will help you develop a strong platform and application bid, and meet deadlines necessary to apply on time.   Other Ways to Defray Grad School Costs Being a TA isnt the only that grad students can also earn a tuition stipend. If you are more interested in conducting research as opposed to teaching, your university or college may offer the opportunity to become a research assistant.  Research assistantships pay students to assist a professor with his or her research, similar to the way that TAs help professors with classwork.