Month: September 2010

3D Televisions are the foremost products uprising in the TV market today.   Leading brands Sony, LG, Samsung, and Panasonic have been the first corporations to introduce the first 3D televisions to the market.  By 2013, Sony expects 3D TV’s to account for approximately 50% of their sales.   Currently, LG is expecting to sell approximately 25 million 3D TV units.  Research firm DisplaySearch predicts that the 3D TV market will attain $ 1.1 billion by 2010 and increase to approximately $15.8 billion by 2015.  This being said, it is clearly a profitable opportunity for TV corporations to capitalize on.  With such great opportunity in this market the competition and price wars for 3D TV’s is intensifying rapidly.  Japanese corporations are eager to revitalize their TV business with 3D TV’s after recent struggles.  Samsung is using a massive TV campaign to advertise their new fleet of TV’s that start at a price of $3.257.00 for a 55” 3D TV.  Panasonic is spending roughly $5 million on sponsoring 3D cinema screenings to advertise their new fleet of TV’s that start at a price of $3,999.00 for a 46” 3D TV.  LG and Sony are also spending large amounts of money as a strategy to capitalize on the modern TV Market.  Sony’s 46” 3D TV runs for $3,875.00.  LG’s 47” 3D TV runs for a reasonable $2,700.99.  It will be fascinating to see the competition among leading corporations in the race to sell 3D TV’s.

http://best3dtvbrands.com/

http://www.canada.com/competition+heating+2010/2342815/story.html

As of April 2010 BP has had all of the world engrossed with their current oil rig explosion.  This explosion has caused an immense contamination to the environment.  Not only has the environment been threatened,  but also many industries along the coast such as fishing and tourism.  After approximately 4.9  billion barrels seeped into the  ocean,  BP was accountable for all of the damage to the environment and economy.  To compensate for this disaster, Tony Hayward, CEO of Bp negotiated to construct a $20 billion dollar relief fund.  Unfortunately the relief fund has not fulfilled it’s expectations.  Thousands of emergency aid application’s were submitted to BP’s relief fund.  After BP promised these emergency aid’s to be taken care of they have struggled to satisfy all of these peoples needs.  I found this economic issue intriguing do to the fact that within 24 hrs a massive industry’s production can come to a halt.

After depicting this issue I came to the conclusion that within an industry you need to be prepared for the worst.  Unfortunately BP’s only solution is to act optimistically and take full responsibility for their actions.  This issue was certainly informing in the aspect of how an industry can take an unforeseen down fall in such a minimal amount of time.

References:  http://www.nytimes.com/2010/09/16/us/16well.html

http://www.nytimes.com/2010/09/16/us/16feinberg.html?_r=1

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