US Monopoly Company and US Perfect Competition Company Essay

US Monopoly Company and US Perfect Competition Company - Essay Example The competitive market structure come into being where there are different firms competing in the market to offer the best product and services to the customers. These companies cannot make decisions without considering what other competitors are doing. When there are several companies offering similar product and services, competition will occur. In most cases, this competition is to the benefit of the customers (Mankiw 329). Market Analyses The two monopolistic companies are the National Basket Association (NBA) and the National Football League (NFL). These two companies are in contract with the best players as well as the best stadiums. It is not easy for any other company to compete with NBA and NFL in this kind of business due to the monopolistic ownership of necessary resources for basketball and football. New companies in the market will have to look for other non standard stadiums as well as little known players, who may not be of use to them economically (Tucker 137). Anothe r way in which NBA and NFL enjoy monopoly in the market is through legal barriers. The government has given them licenses to operate the various leagues, on the contrary, telecommunications companies such as Skype and Cisco Call manager have got licenses to operate in the market. Potential competitors also have got equal opportunity in acquiring license necessary for competition. Other potential competitors to NBA may not be given licenses since there can only be one league in the US. The market in which national basketball association and national football league operates is characterized by the fact that they are he only companies in the market, they also offer unique services and products as well as the impossible entry of possible competitors due to ownership of vital resources by these companies (Tucker 211). Competing NBA and NFL will be unsustainable hence leading to monopoly. Monopoly has resulted due to the large scale of operation in which these two companies operate. They operate national leagues across the United States; competing them will depend on who is able to survive harsh economic times. Potential competitors cannot hope to provide the services provided by NBA and NFL In contrast, One perfect example of accompany in the competitive market structure is Cisco Call Manager (CCM). This company is a key member of the Cisco IP telephony network solution. CCM offers telephone services to its customers. Further, it provides all connection services to IP phones, smart phones and VoIP services. CCM faces competition from other companies such as Skype and Comcast that offer the same products and services (Sheppard 18). Cisco Call manager (CCM) experiences competition from new entrants in the market while NBA does not. New companies that offer similar services to those of Cisco Call Manager (CCM) have found their way to the market. This kind of market is where companies offer telecommunication services to customers does not pose any challenges to possib le entrants. To survive in such a competitive market, companies like CCM and Skype must offer their services at low costs and ensure that their products are unique from those offered by their competitors. CCM has also been challenged by the availability of their product substitute (Sheppard 18). NBA experiences no competition from other companies while CCM experiences stiff competition from other companies like Skype since no barriers to entry in the market exist. NBA has awarded contract to the best players as well as

Research methods used in evidence based practice Essay

Research methods used in evidence based practice - Essay Example Other investigations concerning the problems of the nursing field, and ways to implement evidence-based practices in other areas are used to supplement this comparison. It is not in doubt that these procedures are effective, this article explores additional means to expand these practices more thoroughly throughout the clinical profession. Introduction In the interests of the nursing profession, the term evidence-based practice is a relatively recent development. The term represents the new framework for the medical field in general representing the logical culmination of scientific principles essential to the foundations of modern medicine. But the term itself was first described in the work of the evidence-based medicine working group in the early 1990s (Cullum et al. 2007). For all areas of human endeavor with any intersect with the material or biological sciences and evidentiary area approach is the fundamental precept that permits reliable scientific progress as an alternative t o superstitious or intuitive practices predating the advent of the scientific method. In addressing this theme a patient safety research article from Berland and colleagues (2012) will be subject to examination. The article itself focuses on a specific tasks relative to the healthcare profession, providing a direct analysis utilizing evidence-based practice. Primarily, this article will address the specific research findings of Berland and colleagues (2012) , who conducted a study on the experiences of homecare nurses in the area of patient safety. This is an example of evidence-based practices applied to resolve the specific issue of patient safety. Pursuant to an exploration of this article, additional background will be given on evidence-based medical practices in general. Before the modern movement towards evidence-based practice, similarly related terms such as evidence-based medicine (Beyea & Slattery, 2006) described the fundamental approach of utilizing scientific evidence a s the primary assumption needed to identify the most efficacious treatment strategies based on the objective appraisal of the physical facts pertaining to the case at hand. Qualitative Overview During any research project, executive decisions must be made concerning the best strategy by which to derive conclusions from the available information. There are two principle categories of data that are meaningful in terms of human interactions and endeavor: quantitative and qualitative. Quantitative information is primarily numerical, using ratio-level data that allows precision calculations often of physical phenomenon. It is essential for mechanistic processes involving functions or forces that can be duplicated or replicated. This stands in contrast to qualitative data. Qualitative data reflects findings relating to social interactions or behavioral motivations that do not immediately entail numerical representation. Qualitative findings often use ordinal or normative information in or der to draw behavioral conclusions. Many of the issues relevant to this article are dependent upon behavior and human interactions, such as questions of leadership and responsibility. These functions of behavior are not amenable to hard numerical data under most circumstances, and therefore a qualitative approach is most useful for the type of research included in this analysis. For the Berland study, the first line of the Methods