T-Shore Destemp Essay Example

such as the US and Europe. Additionally, the current value of the dollar has decreased, resulting in less purchasing power for Americans. Consequently, spending habits outside of the US will differ as American currency does not stretch as far due to higher prices in other regions.

For American companies, the current low value of the dollar presents a potential advantage as everything priced in dollars is affordable to people earning different currencies. Should these individuals begin to recognize the cost effectiveness of purchasing goods online from American businesses, it can translate into more business for these companies. Consequently, American companies should anticipate an increase in demand from global customers. Furthermore, social changes have also occurred with different needs, demands, standards, and values emerging within society over the past two decades.

Nowadays, books are considered less valuable compared to the internet and the ease of global communication through a few simple clicks. Society's behavior has also changed drastically in that individuals are more prone to obtaining loans from banks to get what they want rather than saving up. As a result, a large segment of society has access to their desired possessions. The implications for bookbinding are clear: the evolving society can be viewed as either a threat or an opportunity, depending on one's perspective.

Threat:

As previously mentioned, people have diminished the importance of books and other past valuables. If books no longer hold significant worth, then what purpose does a bookbindery serve?

Opportunity:

Despite the ongoing changes within society, it is believed that there will always be a desire to read books. Books offer added value by providing knowledge, relaxation, and advice.

Nowadays, it is prevalent

to seek guidance from writers on coping with issues related to overweight, teenagers, alcoholism, and marriage. However, we do not view the constantly evolving society as a threat to bookbinders. On the contrary, we consider modern technology to be an opportunity for bookbinders. As technology is continually advancing, anything associated with it is desired by a significant number of individuals. Therefore, if E-books and Audio books eventually replace traditional books, why not capitalize on this fact? We propose that bookbinders modify their primary business model by supplementing regular book production with brief book summaries or individual chapters that can be printed.

When you buy these little books, you'll get a code to enter on a website that will give you access to the entire book. This approach could aid bookbinding companies in remaining viable. Moreover, we must take into account the ecological ramifications of our actions. Oxygen is critical for human life and is generated by plants, trees, and flowers. It's essential that we safeguard Earth's remaining natural resources to ensure our survival.

Bookbinders and other companies must develop solutions to maintain their business and preserve the world. Thomson Shore sees this as an opportunity and has taken action by joining the Green Press Initiative. They are proactively seeking solutions to address these issues, and have already taken steps to reduce their impact on the environment by stocking 100% recycled paper.

The market of books has undergone changes in recent years due to competition from other media and entertainment offerings, advancing globalization and e-commerce, and user-generated content. These factors threaten the market. Previously, we analyzed the bookbindery market using the 5 Forces Model. As

a regular bookbindery, it is challenging to survive given high levels of competition and customers with significant bargaining power. Entering the bookbindery market is also challenging. If successful, it is difficult to maintain success in this market. Additionally, politicians strive to make their countries a better place.

In current times, there is a continuous emphasis on improving the environment. Many regulations have been implemented to protect it, including providing incentives to companies that prioritize eco-friendly practices. Thomson Shore can benefit from this approach by joining the GPI and enhancing their production techniques.