Why is an education important in today's work force Essay

Why is an education important in today's work force - Essay Example to spend money on training and development, competition between employees have increased, 21st century arrangements require college education and this level of education is essential for a better living standard. The economy is still in recession and organizations are trying to survive the recession by cutting its expensive. Employers are trying to save the cost of training and development and at the same time they desire a workforce that is already trained. College education equips an individual with both hard and soft skills which are required in today’s organization. Due to this college level education allows individuals to gain employment under current economic conditions. Now a day’s even those who have huge amount of experience are competing for entry level positions in order to gain employment. Due to this young individuals who do not have a college education on their resumes are finding it difficult to gain employment. College education provides individuals with the knowledge, skills and abilities that are required for fresh members of the workforce to compete with those who have years and years of experience. Organizations in the 21st century are competing globally; they are no longer producing and selling their goods and services within limited boundaries (Stephens 1). Due to this, organizations need to be able to develop goods and services according to the cultures and customs of people belonging to different regions. They need employees who have the ability to communicate people from different regions to identify their needs and wants. College education equips an individual with interpersonal and communication skills which help these employees in communicating with people from different parts of the world. This then helps organization in developing goods and services in compliance with the needs and desires of customers throughout the world. Individuals who have a college level education are already equipped with soft and hard skills which an

Enterprise Essay Example | Topics and Well Written Essays - 1500 words

Enterprise - Essay Example Customer Segments Spotify.com operates on a multi-sided platform business model. This is because there is one customer segment supported by advertisers who are the main users. The unit serves two customer groups who are co-existent. Blecker (2012) affirms that they have a symbiotic kind of a relationship whereby Spotify.com offers a proposition for them both. For the user, their main expectation is to get some spectacular music to listen to and an out of this world musical experience. The advertiser is always looking out for an audience to promote the product. This is spotify.com offers to the broad consumer base at no cost whatsoever. b. Company’s value proposition According to Clark, Osterwalder, & Pigneur (2012), Spotify.com’s value propositions are advertising for those who want to know about the nature of the business. For those who want to access the music freely can get free unautomated access to the music via downloadable links that are offered at no cost whatso ever. ... They subscribe to the downloadable music services hence acting as the main source of revenue for the company. The website and the social media i.e. facebook and twitter are also used for internet marketing. Facebook works best as the company boast a whopping 1,000,000 fans. Facebook usually reaches the explicit core of the youths who comprise our largest customer base (Porterfield, Khare, & Vahl 2011). This s being integrated with customer routines by awarding the highest subscribing consumers through paying for their monthly subscriptions. d. Customer Relationships According to Dunford (2011), spotify.com customer relationship mainly comprise of the online communities since they are the ones who use the service more than any other community does. 3rd party Programmers, which include marketing companies, also make a segment of the customer relationship. These marketing companies are accessed online since we have automated online relationships whereby the music may be accessed globall y. The customers make subscriptions to our music where subscriptions cost vary depending on the high and low seasons of the business. Conversely, the cost for the service depends on the amount that was used for advertising, bandwidth, plus the salaries and royalties. e. Revenue streams Hesselbach and Hermann (2011) said that the revenue streams in from advertising fees, subscription fees for the pc, and subscriptions for the pc and mobile. The customers are able to pay for their monthly subscription fees through credit cards and PayPal. For the annual subscribers, we offer them a twenty percent discount. This revenue streams significantly foot salaries, advertising costs, bandwidth fees and the royalties to the right holders. f. Key Resources According to