Starhub analysis Essay Example for Free

Starhub analysis Essay Generic Characteristics of Telco Industry Market structure is either a: Monopoly Natural monopoly Oligopoly Dominated by a handful of big players High capital expenditure (capex) Absolute fixed cost is high But fixed cost per user is very low Telco may be very cash flow rich if capex is controlled Low operating expenditure (opex) Average cost per user is very, very, VERY low. Generic Characteristics of Telco Industry Lines of business Voice Traditional fixed lines overtaken by mobile Some households do not even have fixed lines i.e. M1 gives free fixed line with fibre plan Lucrative international dialing business is largely  gone Replaced by data i.e. Skype, VOIP etc. Generic Characteristics of Telco Industry Lines of business Data Escalating bandwidth demand (geometric growth) Some business models have failed as a result Unlimited mobile data plan replaced by tiered  pricing plans Reasonably priced unlimited fixed broadband/fibre  still available in some countries (not so in the US). Price differentiation between home and business data  plans Sub segment differentiation exists – gamers (low  latency) Telcos need data to make up for loss revenue in voice  business Generic Characteristics of Telco Industry Lines of business Pay TV Telcos offering pay TV not common for all  countries. Exists in Singapore. Always a balancing act between controlling cost  of content and charging viewers more Cost is increasing for developed countries  » Not so for developing countries†¦.. Video on-demand new business model Don’t pay for a whole channel, just pay for the TV program you want Mio TV vs Cable TV Generic Characteristics of Telco Industry Strategy for non-saturated markets Build out infrastructure and coverage while  controlling capex Gain market share by grabbing customers Especially in underserved markets Attempt to lock in existing customers Increase revenue by offering differentiated price  plans Tiered data plans (both mobile and fixed) Sell supplementary services Caller ID, low latency etc. Generic Characteristics of Telco Industry Strategy for mature and saturated markets Infrastructure and coverage largely built so there is little capex Control opex tightly Gain market share by poaching customers from  competitors Avoid price war Same as before Attempt to lock in existing customers Increase revenue by offering differentiated price plans Expand into overseas markets Any economies of scale? Industry Life Cycle Analysis Porter’s Five Forces Threat of New Entrants Bargaining Power of Suppliers Competitive Rivalry Within the Industry Threat of Substitutes Bargaining Power of Buyers Porter’s Five Forces Threat of New Entrants How easy is it for new players to enter the industry? What are the barriers to entry? Loyalty to existing brands Stickiness and incentives (e.g. loyalty points) High switching costs High capex and fixed opex costs Scarcity of resources Government restrictions and licensing Technology and intellectual property rights Porter’s Five Forces Power of Suppliers How much pressure can suppliers exert on the  business? Single or few suppliers (monopoly or oligopoly) Few or no substitutes Switching to new supplier is costly or time  consuming Supplier’s product is extremely important Supplier’s industry has higher profitability than  buyer’s industry Porter’s Five Forces Power of Buyers How much pressure can buyers exert on the  business? Single or few big buyers Purchases are in large volumes Switching to a different competitor is easy No stickiness or loyalty Buyer’s are price sensitive Company’s product is not important Porter’s Five Forces Availability of Substitutes How likely are customers to switch? Few or many similar products on the market? Switching cost is low and easy to do Disruptive technology Secular changes in consumption patterns and  lifestyles Porter’s Five Forces Competitive Rivalry How intense is the competition in the industry? High competition means low margins Number of competitors and size Any dominant company? Little differentiation between competitor’s  products and services Industry life cycle Young market means all firms grow as overall pie  expands Mature market means competitors grow by taking  market share from other companies Applying Porter’s Five Forces to Starhub Threat of New Entrants Government license is required and need to bid for  airwaves in government auction Is Singapore government issuing new telco licenses? What is the availability of airwaves? Auction prices cheap or costly? High capex and fixed cost†¦..but very low opex cost per user! Loyalty and stickness Some stickiness due to contract obligations (early  termination penalty) and incentives (handset upgrade  subsidies) Low switching costs if not under contract No cost and retain old mobile number Applying Porter’s Five Forces to Starhub Power of Suppliers Pressure from handset manufacturers Handset subsidy recouped by locking in  customers into contracts Big difference in price of handset without contract Apple able to negotiate for higher prices Telcos subsidize more. Costs passed down to  consumers. Pressure from content providers Cable TV pays HBO, Fox etc for content Special events like EPL cost much more Costs have been escalating lately†¦.. Applying Porter’s Five Forces to Starhub Power of Buyers Many retail customers (Starhub is no. 2 in SG) Extremely price sensitive Little brand loyalty and stickiness Individual customer have zero power Easy to switch out to competitor’s offerings Product is important but not tied to Starhub E.g. can get same handset and data plan from  competitors Some tradeoff between monthly price plan and data All telcos moving away from all-you-can-eat data plan Applying Porter’s Five Forces to Starhub Availability of Substitutes Handsets are not tied to Starhub Voice and data plans are also not unique to Starhub Cable TV content is differentiated Competes only with Singtel but not directly Different content and pricing content Special events like EPL are hotly contented Applying Porter’s Five Forces to Starhub Competitive Rivalry Extremely high competition Mature and saturated Singapore market Starhub grows by taking market share from Singtel and M1 Little differentiation between competitor’s  products and services But no direct price competition! Despite rivalry, industry margins relatively high Low opex cost per user Average revenue per user (ARPU) is growing Driven mainly from new tiered data plans Key Ratios for Telco Industry Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) Indicator of a company’s financial performance Churn Rate Actual rate at which customers leave for a  competitor Average Revenue Per User (ARPU) Takes into account revenue, capex and opex. As market matures, ARPU drops†¦. THE EQUITY RESEARCH PROCESS Purpose of the Equity Research Report To communicate to clients a single message How to allocate financial resources All other issues are secondary What are readers looking for? Ideas, ideas and ideas! Unique ideas are great but most of the time, ideas  generated could just be the same as everyone else Herd instinct is safe option! But no one will remember you†¦..! How to Make the Report Valuable? Use the KISS principle Investors have little time (and patience) Communicate clearly, concisely and get to the point. Have something to say Does it lead to an actionable idea? Report is an opportunity to standout and may lead to  other revenue generating activities or more face time  with the client. How to Make the Report Valuable? Issue the report in a timely fashion Giving investment opinion and advise too late is  pointless â€Å"Better late than never† fails in this case Treat your reader with respect Reader may be an investment professional herself Don’t patronize or condescend Tailor tone and language to target audience How to Make the Report Valuable? Be impartial and objective A research report is not an advertisement. Even if you like the company very much, not over  hype the company – leave that to the IR firms Know your stuff Be familiar with both the industry and company Be brave (but be prepared to face the firing squad) The best analysts are willing to take risks with their  opinions

Essay --

1.0 Introduction Valves are mechanical devices that control the flow and gases in the process. They are essential components of piping system that conveys liquid, vapor and gases. They come in variety of material ranging from steel and plastic. There are different types of the valves such as globe, gate, ball, plug and check valve. Each of these valves has different features and functional capabilities. Some valves can self operated (automatically) while the other manually or with pneumatic or hydraulic system. In this report I will talk about the benefits and the useful of the gate valves and the globe valve as well as compare the different between the two valves in term of cost and maintenance. 2.0 Background Gate Valve and globe valves achieves the important function of controlling the flow; they are installed on the piping and pipeline to straight the flow from one location to another and to prevent losses of the flow. Like the faucets in home plumping system that we observed every day, when it is open the flow is begins to move and speed up and when it close the flow will stop moving. Valves comes in different sizes the smallest one can be weight as 1lb (0.50 kg), while the largest valves can weigh up to 10 tones (9070 kg). Deciding the type of the flow or the gas can lead you and help to determine which valve will be suitable for the process. However the valves can be affecting by several factors such as slurry (mixture of the liquid like water or cement) which required Maintenance permanently to avoid the errors of the reading. 3.0 Technology This section will describe the functionality of both gate valve and globe valve and also will show the features of each technology. 3.1Gate valve The gate valve is designed to con... ...he flow to pass through the pipes. There are different types of the valves with different sizes, and each valve has several features that make suitable for different process. The most important feature is the efficiency. Globe valves are installed in parallel position not perpendicular like the gate valve, which make it more efficient than the gate valve in services that required frequent operation and when the pressure drop across the valve. 5.0 Recommendation After studying this report and from the analyzing I recommended to use the gate valves because it’s suitable for the different process and simply operates in fully open and fully close with no pressure drop also its required less maintenance and not expensive, rather then the globe valve which is not recommended where the pressure drop and resistance to flow, it’s preferable only for frequent operation.

New Testament And Homer

Hebrew and Greek attitudes toward killing are similar, but once religion is factored in a remarkable difference is revealed. Early Hebrew citizens were murderous people by nature, much like the Greeks, but had God looking down on them saying to them that killing was wrong. Greek citizens would engage in war and human sacrifices with the gods on their side, and even sometimes the gods would take part in the murdering. The Greek way of life was murderous due to their strong urge to be revengeful, whereas the Hebrews murdered to keep the faith. In the text of The Odyssey and the Holy Bible killing is undeniably abundant with citizens killing, God killing, and sometimes the two killing in cahoots. The Holy Bible contains many instances of killing. The one that most everyone is familiar with is, Exodus 20:13, in the Ten Commandments of God stating, â€Å"You shall not murder. † Later in the Bible, God states what will happen to you if you disobey him, â€Å"The Lord will send you cursing, confusion, and rebuke in all that you set your hand to do, until you are destroyed and until you perish quickly, because of the wickedness of your doings in which you have forsaken Me† (Deuteronomy 28:20). With these to teachings from God, one would think there would be no killing going on and if you did kill you would be punished severely. This however, is not the case. In Genesis, Cain murders his own brother, Abel, out of jealousy. God sees this and is angry that Cain didn’t follow his rules, consequently banishing him and desecrating his body with a mark (The Holy Bible, Genesis 4). In some instances God actually commands killing. In Genesis, God became angry with the people so he kills them all with a flood, sparing only what He put on Noah’s Ark (Holy Bible, Genesis 6-8). God also asks Abraham to sacrifice his own son. Abraham is ready to prove his faith to God and murder, but fortunately God does not make him (Holy Bible, Genesis 22:8-13). When the people worship a golden calf in Baal, God becomes angry because you are not suppose to worship figures or anything other than God, and took command over the people. God makes the men take their swords and slay over three thousand of their brothers and sons (Holy Bible, Exodus 32:27-29). God also kills all of Egypt’s first born when he establishes Passover. During the first Passover, all of the people who do not obey God’s detailed procedure for Passover are visited and murdered by an angel of death. After God makes the Egyptians hearts hard and then weak, the people are able to leave, but are followed by the Pharaoh’s men. God separates the Red Sea for the Hebrews, but once the Egyptian soldiers enter the parting, God fills the waters back up and drowns all the men (Holy Bible, Exodus 12:29-30). All of the killings are influenced by Gods determination to have the people faithful to his religion. God leads the people through Moses and performs various acts to win the faith of the people. He does this by putting death on the door of the Hebrews and then saving the Hebrews by not killing them, therefore winning their faith by making them acknowledge his existence. God commands that people obey him or pay the consequence. This is a threat to the people on disobedience for Gods laws. If you murder you have desecrated Gods will, and punishment will come, and it will come in the greatest way possible. Early Greek society is full of warfare and dedication to the gods. The citizens of their great cities take pride in the glory of their warriors and the proud armies that fight so hard to conquer and plunder their enemies. As they are busy killing in war, they are also dedicated to their gods. Sacrificing humans to the gods is not an uncommon occurrence. The gods also play active roles in the Greeks killing. The gods sit above on Mt. Olympus and watch the many people come in conflict with each other, sometimes taking part in how the divine game is played out. The way the gods interact reminds me as if they are watching a daytime soap opera, interfering with the actions of the actors. In Homer’s The Odyssey, Odysseus, a powerful Greek warrior, is glorified in his adventures to Troy. His kills are great and in many numbers. Odysseus is described as a hero and the â€Å"raider of cities. † On Odysseus’s twenty-year quest the gods, mainly Athena, lead him. In the beginning the gods interfere when Poseidon wants to kill Odysseus, but Zeus refrains him from doing so. As Odysseus wanders his way home, he contemplates self-restraint and the value of lives. On part of his journey, Odysseus travels a dangerous path at one point risking his whole crew, which he has lost numerous times. He must decide between one path that will kill only a few and is difficult, or on a simpler path that can kill all of his crew. He realizes the importance of the lives and chooses the less harmful one. Perhaps the greatest and most glorified of Odysseus’s killings is when he returns home to kill all of the suitors pursuing his wife. Greeks killed out of revenge quite often. This created a giant, perpetual cycle of killing that left many angry. As Odysseus is murdering in great numbers at his home he is proud. He believes he is doing justice when he hangs prostitutes dead by a rope and dismembers a goat herder. The vengeful Odysseus is described as a proud fisherman with all his kills. â€Å"Odysseus scanned his house to see if any man still skulked alive, still hoped to avoid black death. But he found them one and all in blood and dust? great hauls of them down and out like fish that fishermen drag from the churning gray surf in looped and coiling nets and fling ashore on a sweeping hook of beach-some noble catch? orpse covering corpse? †(Odyssey, lines 406-414). The pride that Odysseus instills from his murderous ways is apparent. The Gods to do not threaten a punishment on Odysseus. The only threat that is to Odysseus is the families of the suitors who are angry. The main motivation for the killings is families and citizens feuding and avenging past killings. Fortunately, at the end of the Odyssey, the Gods cast a fog in the memories of the people so they will forget their anger towards each other. As the Hebrews kill, God and his threat for them to behave forever accompanied them. However, God’s punishment is not always apparent, for the most part it is. As the Greeks kill they are profitful and in almost no threat to the Gods. In Hebrew culture murder was used by God to help keep order and to acquire his people freedom. The Greeks killed to please the Gods and to please their state, neither of these are a value in Hebrew life. Although Hebrews and Greeks killed a lot with little thought towards it, Hebrew culture was plagued with God’s guilt over you, while in Greek culture you could profit from killing.

My Own Confessions - 1560 Words

My Own â€Å"Confessions† There’s a quote by a Danish philosopher by the name of Soren Kierkegaard which describes much of my adolescent years. â€Å"I have just now come from a party where I was its life and soul; witticisms streamed from my lips, everyone laughed and admired me, but I went away — yes, the dash should be as long as the radius of the earth s orbit ——————————— and wanted to shoot myself.† It all started in the tenth grade. I had moved to the area and was starting at a brand new high school. On my first day, I met Sarah Silva. I had no idea later she would become the most enthralling person I have ever met. There was something about Sarah I couldn’t quite put my finger on making me desperate for her attention.†¦show more content†¦They, of course, were far more immature than she and could not keep up but even then she was able to push people s brains to reach farther into their full potential. With her words and a powerful voice like hers, paired with an irresistible smile, she could convince just about anyone of anything. I remember once Sarah was sitting in the corner reading at lunchtime. Everyone kept rushing up to her wanting to know what she had done the past weekend. Sarah just smiled, refusing to answer the question. Finally, when her audience reached the peak of suspense, she replied, â€Å"I had the time of my life† with a glimmer in her eyes. It was all she said, however, I knew it couldn’t be farther from the truth. I saw her and something within those eyes told me she had a story- one of brokenness and despair locked deep down inside.Little did I know brokenness was contagious and pretty soon I would only be Sarah s reflection in the mirror. Picture a young woman with piercing eyes, dressed in provocative clothing, sitting on a leopard couch holding a bottle of vodka, bringing it to her bright red lips in between bursts of laughter. Imagine a room full of young people, talking and laughing with red solo cups as profanity synced with trap-style beats blared from the room speakers. The smell of cannabis thick, covering the perimeter of the dark room like a dusk’s haze. Now picture a young Christian girl there, innocentShow MoreRelated Augustines Confessions Paper1340 Words   |  6 PagesWhen one reads the word confessions, one would not necessarily associate it with the word narrative. Confessions seem to be more of something stated directly without any story-like element. They are also a more personal thing- one does not simply put them in a story form unless purposely intending to do so, because usually it is something that expresses guilt for something personal or is between the author and their conscience (or perhaps to themselves). However, there can always be an exceptionRead MoreEssay about Reflecting on St. Augustine at ACS1475 Words   |  6 Pagesnew experiences. 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He also doesn’t want people to think he is a bad person by confessing a lie just to save his life. John Proctor knew that if he confessed he would make himself look guilty and his friends who didn’t do anything would look guilty. â€Å"I speak my own sins, I cannot judge another I have no tongue for it†(Act IV,#148). â€Å"They thinkRead MoreFrank OConnors the First Confession Essay658 Words   |  3 Pagesan essential role in life. We learn something new everyday. In Frank OConnors short story The First Confession, Jackie, the main character, learns a lesson hell always remember. After Jackies first confession, he could now be confident that he was not such a sinner, and that Nora, his sister, was wrong. While people focused on Jackies own wrong doings, they werent focusing on their own wrong actions. Sometimes peoples ignorance can bring them into a whole different reality. Through certain