Global Security in the United States Essay Example | Topics and Well Written Essays - 3250 words

Global Security in the United States - Essay Example The industry segment chosen for this work is the software industry. Software industry is a service sector aimed at providing service to all other industries. Some of the major attributes that affect the business in software industry are: this is a support industry to other industries and if they are in a recession then the software industry is also affected. Secondly, the software industry grows swiftly so much so what is today the cutting edge is no more used one year down the line. Thirdly, this is dependent on the employees in the company that would decide on the way the results are produced. Creativity of the people, agility of the industry segment that the products of the company addresses and the speed at which the company could acclimatize itself to the new technologies coming in every day.It is also important to note that any company in the software business face is the customer satisfaction. Unlike other products, where the product is clearly one that the people can see, tes t and accept, in case of software, even after the initial acceptance of the software, it might be found to be under performing in those areas that are critical to the buyer. Similarly, while products fail under use due to external reasons, viz., mishandling, surges in electricity, etc., in case of software, it is always viewed as the one that comes with the failures or most of the problems are manufactured with the product. This leads to customer dissatisfaction even after one to two years of use. The software industry has been growing phenomenally in the last decade and has a number of competitors whom the upcoming company should take care of. The competition comes from all sizes of companies, from small to mega corporations. Therefore, it is essential that the company entering the market works out a niche for itself before jumping on to the growing bandwagon. The market and the economy connected with the software industry have been booming in the last two decades, driven mostly by the revolution called internet. Software is totally market driven and, in contrast to most of the other industries, in case of software industry the company spends comparatively little on research vis--vis the development. There are lots of new ideas that come in every day in the software industry. None of the companies like Microsoft, Borland, Sun or Novell, invented what they successfully made. They adopted the new technological idea in a way that people would accept and sold successfully. It is not who does it first or who does it differently; it is a question of who does it right that makes a software company successful. b. The Company The company that is formed will address specific software needs of verticals that are identified as strengths of the company. Such identified and short listed verticals will be clearly understood and the employees / consultants in the company will have adequate understanding and strengths in the vertical so chosen. This would help the company to identify software products for these verticals, addressing requirements that might not be easy for competitors to emulate. This niche will also ensure that the value the company gets for its products will be substantially higher than what they might get if they should do a run of the mill product. Hence, this would ensure both addressing a niche segment with little or no major competition and would also ensure that the compensation for their product will be better than what the company might get otherwise. The concentration of the company in the product development exercise will be to do it right rather than do something new alone. It has to be new and it has to be right. Right in the sense, it will be the way the customer or the user might expect or want it to be. This would necessitate a close interaction with the customer and possibly work in tandem with the customers in those specific verticals and produce a product that is in line with their needs. c. SWOT Analysis i.

It took a long time, but there is now a good standard of protection Essay

It took a long time, but there is now a good standard of protection against unfair standard contract terms imposed by one par - Essay Example In the past, one party to a contract could violate the contract by exploiting the loopholes in the English Law. But today, legal safeguards are in place to stem such practices (Gretchen 2000, p.67). UK has various statutes stating that when one of the parties to a contract disobeys the contract, the other is at liberty to seek legal redress. Contract law encompasses issues as whether a validly executed contract is in place, what it entails, whether the actions of a party amounts to contract violation, and the level of compensation that a victim of contract violation is entitled to. Historical development Standard clauses were in a contract conceived out of the need for discipline among parties in business practices; however, it was insignificant in pre-commercial practices (Howells, and Weatherill, 2005p.p.101). In ancient times, the largely primitive societies employed other methods of implementing the dedication of parties to an agreement. Before the advent of contract law, deals a nd promises between individuals were done through familial connections or under religious organizations. In the ancient system premised upon barter, transactions were self-enforcing since transactions would be deemed complete by both parties at once. In contrast, Blythe (2005, p.77) argued that many parties is such transactions would notice problems with the commodities after the transaction was complete, but these historical challenges have been usually arbitrated through property law. The lack of fair standard terms in contact law would complicate the issue, since clear rules guiding the promise such as the conduct of both parties was lacking. In the ancient English law, the then primitive society continued to employ notions of issues to do with property instead of a pledge (Gretchen 2000, p.67). In the society’s ancient forms of transactions involving informal contracts, familial connections helped in securing the credit in as much the same way as when a community or an et hnic group provided hostages for the period within which the debt was to be settled. Other types of security included promising a property such as land or giving away individuals as pawns (Bar 2004, p.54). Some credit options were basically commonly accepted across board: livestock, for example, would be assigned to a concierge whose services were paid with a fixed proportion of the animal’s young ones. The problems arising from the quantification of values of assets impacted the enforceability of the largely casual agreements, especially following the expansion of business transactions beyond familial connections in the second half of the twentieth century. These business activities eventually led the development of solid, enforceable, binding laws of contracts in the modern United Kingdom (Heidemann 2007, p.35). Modern statutes put in place enforceable promises, which basically went hand in hand with the expansion of the country’s market economy. In contrast though, cases of violations of standard terms of contract even after the enactment of the first major contract law in 1977 persisted. The Unfair Contract Terms Act 1977, which basically aimed to streamline the behaviour of parties in a contract were still rampant in the United Kingdom (Forte 1999, p.121). Legal safeguards The English law of contract has sections dealing with unfair standard terms