Importance of Science Essay

One of my old, fairly innocuous posts has been climbing up the popularity lists: The Importance of Science in Our Lives. It’s just a link to an article online with a little commentary. I see on my statistics pages that a lot of people arrive using google searches of â€Å"Importance of Science.† I wonder if this is a common school assignment for students, e.g., â€Å"Write about the importance of science in the modern world† or some other similar variation, and then off they go to google to get their answers rather than thinking for themselves. Maybe that’s too cynical. Anyway, I have been intending to follow up with some more specific and simply worded reasons that science is important to not just me (e.g., my income), but to our civilization today. Science is important because†¦ 1. †¦we don’t have to take someone’s word for something, we can test their claims. 2. †¦horrible diseases can be cured, or prevented entirely, and it can still provide hope for those with as-yet-incurable diseases. 3. †¦people who love each other can talk to each other whenever they want no matter how far apart they are in the world, and can be together the next day. 4. †¦science can show us what has caused mass extinctions and point the way to preventing similar catastrophes in the future. 5. †¦science can make us feel big and special for understanding the age of the Earth, the nature of stars, and the size of the universe, even if those things dwarf us. 6. †¦science saves lives. 7. †¦it has helped us to no longer need to worry about personal survival as our top priority, giving us more time for love, laughter, singing, and dancing. 8. †¦whenever one problem is solved another two rear up to take its place, so the need for science will never go obsolete. 9. †¦science gives us superpowers, like looking across the universe, seeing atoms, flying across the Earth or to the moon, moving mountains, and harnessing the energy of the sun. 10. †¦science, in the long run, is the only reliable way to figure things out in a world that is so seldom fair and impartial. Well, those are ten of mine. I could elaborate or further justify each of these, but for now I will leave these here to ferment some more. There’s a darker version of this list that would talk about guns, nuclear bombs, and more, but I’ll pass on that for now. Violence isn’t nice, but it surely is important. Science is everywhere in today’s world. It is part of our daily lives, from cooking and gardening, to recycling and comprehending the daily weather report, to reading a map and using a computer. Advances in technology and science are transforming our world at an incredible pace, and our children’s future will surely be filled with leaps in technology we can only imagine. Being â€Å"science literate† will no longer be just an advantage but an absolute necessity. We can’t escape from the significance of science in our world. The present era is the era of science. Science has undoubtedly done a great service to mankind. Man, a rational being, has been curious to explore mysteries of nature and this led to many discoveries being made in various part of the world. But he is never satisfied with the acquired knowledge and is always keen to unravelle mysteries of the universe. He has conquered the land and air. His incredible lust for knowledge has revolutionise d human life and raised the standard of life. He was able to invent innumerable ways of making his life comfortable and happy. Every sphere of life has been revolutionised by science. There have been innumerable inventions. One of the greatest inventions is the invention of medicines. There has been a series of tests carried out using animals as subjects and various medicines have been tried out on these animals to check their efficacy. Many fatal diseases can now be cured because we have the drug to fight those diseases. It has reduced the rate of infant mortality and increased the life span. Before these inventions millions of people died for lack of medical care. Science has given us many machines that have made our lives very comfortable. Buses, cars, sewing machines, mixes, grinders, etc. are all machines that are used every day by us and the discovery of electricity has made it possible for us to change night into day and summer into a comfortable cool season It is now easy to cultivate fields as we have tractors. New forms of irrigation are now being employed. It is easier to protect the crops because of the use of various chemicals and pesticides. Even mosquitoes can be driven away because of the discoveries made in science. It has enabled man to entertain himself in many ways. TV, radio, video and the cinema are all popular means of entertainment. Besides entertainment they educate the masses. Today the computer has made life even more easy for us. The press, the means of communication, etc. have all improved because of science and its gifts to us. Before understanding the importance of science and technology, it is important for us to understand that science and technology are closely associated with our lives. They are closely linked aspects of society and the studies and developments in both of science and technology are essential for the overall progress of society. Why is technology so important? How does scientific development affect society? Let us find out.Scientific research comprises a wide variety of fields ranging from the study of different branches of science to relatively advanced fields like space exploration, human genetics and cloning. Scientific study attempts to explore and understand the working of the physical world. It tries to analyze the occurrences in nature and gain knowledge about nature through experimentation. As scientific research aims at gaining knowledge of the complexities of nature, it is important for the progress of mankind. The seemingly impossible feats have been made possible, thanks to the scientific research.Natural sciences deal with the study of nature and human life. The studies of natural and artificial sciences reveal the relationship between nature and human life. Research in science has paved a path to many brilliant inventions and discoveries.When it comes to science and technology, we cannot forget the automobile and the transport industries that have grown tremendously on account of the developments in science and engineering. Technological advancements have driven the developments in the different modes of transport. Bicycles have transformed into scooters and sport bikes. Four and six wheeled vehicles have started running on the roads, thanks to the advancing technology. The developments in air transport have winged the common man to soar high!The importance of technology lies in the benefits of technology on society. The positive effects of technology on society are many. The advancements in technology have revolutionized human life. It has provided a great impetus to the computer and the telecommunication industry. The developments in the communication technology have made the world a smaller place. The Internet serving as an excellent communication platform has made the world flat!The World Wide Web has proved being an enormous information base, from which information can be retrieved by the means of search engines. Information from all around the world is housed on the web. Thanks to the development of the web technology, the information can be stored in an organized manner and relevant information can be retrieved on supplying search strings to the web search engines.Digitization of information has been a major breakthrough in the world of information technology. It has made possible the compaction of information, which in turn allows efficient information storage.The most important benefit of science has been the luxury it has brought to daily life. The mechanization of industrial processes has reduced human effort. Household appliances that are in the daily use of the common man are a result of scientific research. Machines have replaced human beings in monotonous and risk-bearing tasks. Scientific discoveries have made life easy.Read more at Buzzle: http://www.buzzle.com/articles/importance-of-science-and-technology.html In every generation and in every century there always exist a number of people, who are afraid of everything that is related to possible changes. In various epochs they are called differently: luddites, anti-globalists, ecologists and so on; but their nature is always the same. They hate progress and strive to preserve the status quo without seemingly realizing the fact that the same very kind of people hated progress and strived to retain the status quo a hundred years ago, and now they use all the things that were denounced by their spiritual ancestors. In their blogs on the Internet they write about immoral scientists, who conduct dangerous experiments; but they do not realize that they actually use the product of the very science they hate in order to convey their thought to the similarly-minded. Science always has to fight against heavy odds, for it always tries to show how useful something may be to people who don’t want to listen, knowing that the very moment they will be persuaded, they will use a yet another product of science against what has created it. It wouldn’t be an exaggeration to say that a scientist is the hero of modern day, and not a politician or a social activist. Science makes our life possible – today a human being cannot imagine his or her life without all the many thousands of little and big things, created by science in the course of millennia. And the people who denounce it for meddling with the things that we do not understand, just don’t see that there is no way to study a thing that you don’t understand without, well, studying it. Of course, science always prevails in the end, for life is stronger than death. But it is really embarrassing to see how hard it has to fight. 2013-02-19T14:25:54start intext order & inq uiry code Science and technology provide people with the knowledge and tools to understand and address many of the challenges. Students must be provided with opportunities to access, understand, and evaluate current information and tools related to science and technology if they are to be ready to live in a 21st century global society. The study of science and technology includes both processes and bodies of knowledge. Scientific processes are the ways scientists investigate and communicate about the natural world. The scientific body of knowledge includes concepts, principles, facts, laws, and theories about the way the world around us works. Technology includes the technological design process and the body of knowledge related to the study of tools and the effect of technology on society. Science and technology merge in the pursuit of knowledge and solutions to problems that require the application of scientific understanding and product design. Solving technological problems demands scientific knowledge while modern technologies make it possible to discover new scientific knowledge. In a world shaped by science and technology, it is important for students to learn how science and technology connect with the demands of society and the knowledge of all content areas. It is equally important that students are provi ded with learning experiences that integrate tools, knowledge, and processes of science and technology. The Science and Technology Standards outline the essential understandings of these disciplines. Standard A describes four themes that serve as a broad scaffold for understanding and organizing student understanding of the content and processes of science and technology. Standard B describes the processes of scientific inquiry and technological design. As a complement to the expectations of inquiry and design outlined in Standard B, Standard C describes the enterprises of science and technology and the connection to society. Standards D and E have performance indicators that encompass the subject matter conventionally referred to as life, physical, and earth and space science. It is essential that classroom instruction integrate the processes and ideas of Standards A, B, and C with the knowledge of Standards D and E, rather than teach them separately. Instruction should support students in asking questions and making inquiries to help them, understand and solve problems that require t he integration of knowledge and processes in authentic contexts. Unifying Themes – The proposed revised standards begin with a focus on four themes of science and technology: systems, models, and constancy and change, and scale. These themes provide teachers and students with a scaffold on which to organize the details of the standards. National standards documents identify these themes as critical knowledge for students in the 21st century. The Skills of Scientific Inquiry and Technological Design Process – The Science and Technology Standards define both the student skills of scientific inquiry and the student skills of technological design. The inclusion of scientific inquiry, the development of a coherent section on technological design and the inclusion of a standard on scientific and technological enterprise highlight the importance of developing student understanding of the unique characteristics of and relationships between science and technology. The scientific and technological enterprise standard outlines key understanding s about the relationships among science, technology and society and underscores the role of citizens in the decision-making process related to science and technology. Science is our power as human beings to use our wisdom and make decisions. When a loved one is dying of cancer, what would you do? Would you not do anything possible to try to help them? Here is where science has a role in our lives; when we want to do something otherwise difficult or impossible. Though the ways of learning science has changed over the years from solely thinking logically to reading classics to experimenting, the way scientific knowledge is used has not been changed. When there is an epidemic, medicine is used to carry out man’s will to cure it. When the Egyptian pyramids were to be built, architecture came into use. Yet science is not used only for such needful or elaborate situations. They also appear in our daily lives. We know it is important to wash ourselves regularly, only for biology. The Wright brothers were able to invent the airplane because they knew hot air rises, and since then, we have been able to use their technology to travel great distances in short periods of time. We humans would be so impotent without science. Science is our knowledge of the universe. It is natural to have for a being who thinks. If we did not have science, it would mean we are plain animals motivated purely by instinct. Our definition of â€Å"life† as a human would not exist. Great are the blessings of science. However, our wisdom is not complete, and can lead us to do wrong. Thereupon, science can be a curse. We have changed the passenger airplane into a fighter. Cameras for keeping memories spy on people. Cell phones for conversations are used to bully kids around, and even explode trains. Our greed, hatred, fear, wickedness, and stupidity have produced terrible uses of what our scientific knowledge has put together. As we all know from Spiderman, â€Å"With great power comes great responsibility.† Science gives us options to do or not to do. Though each option has its consequences, it is a distinct strength which evidently separates us from animals. How we use it will greatly influence the lives of each one of us.

Managing Mixed Economy Essay Example | Topics and Well Written Essays - 3000 words

Managing Mixed Economy - Essay Example On its 250th anniversary in 1990 the name again changed to what is now known as the royal London hospital. The first patients were treated in a house in Featherstone Street, Moorfields in November 1740 before later moving to a rented premises in Prescott street the following may. In 1757 it moved to its current location on the south side of white chapel road, in the London borough of tower hamlets (NHS 2013). In 1785, the hospital surgeons began training students by taking them into the hospital and discussing patients aliments,at times students were allowed to administer medication and treatment to patients. This was the basis for the formation of the first hospital based medical school in England.it was founded by William blizzard and James Maddocks. In 1948 the hospital became part of National Health Service as the voluntary hospital system ended. The system which had cared for the sick in the 18th century came to an end as the state took control of the health care system under th e national health act (Banks 2013). The London lost some of its independence but was financially better off than before. Further reorganization in the early 90s allowed the hospital to regain some self-government. The royal London was granted its title by HM the queen on its 250thanniversary and later became part of the NHS trust (Barts Health 2013). The royal London later merged with St Bartholomew’s and London chest hospitals as pioneers to form the new trust, Barts NHS trust. The London is already home to one of Europe’s largest accident and emergency departments, also home to Britain’s biggest children’s hospital services (Banks 2013). The London was the first to offer helicopter emergency medical service while carrying a doctor on board. In 1998 queen Elizabeth the hospital for children joined the trust and transferred its services to the royal London but retained their historical identity; their name that had been granted by her majesty queen Elizab eth (Gavin 2013). Recently in march 2012 a first phase in the construction of the new state of the art royal London hospital began. This was to replace the demolished old buildings so as to support the delivery of 21st century modernized medical care. Facilities Facilities at the royal London include; overnight accommodation, multi-faith chaplaincy Centre, telephones, shops, cash points, restaurants and the royal London archives. Overnight accommodation The hospital offers overnight accommodations to the relatives of patients admitted at the hospital. Also provides facilities for patients prior to their appointments who have to travel a long way to receive treatment at the hospital but who need not to be readmitted to a ward (Barts Health 2013). JamesHora homes are a facility at the royal London hospital that offers accommodation for outpatients who experience difficulties in travelling to and from hospital for daily treatment and to the relatives of patient in need of critical care . The home has a capacity to accommodate up to 26 guests a night. Stevenson’s house another facility of the royal London for accommodation located on Ash Field Street provides families of children admitted at the London with accommodation during long stays (Gavin 2013). It is fully equipped with bathrooms, a kitchen, a

J.P Morgan and the Rise of Business Research Paper

J.P Morgan and the Rise of Business - Research Paper Example Discussion J.P. Morgan was born in 1837 in Hartford Connecticut to Junius Morgan and Juliet Pierpont. Being the only son among four other siblings made him to be more entrenched in the family business. He was to gain invaluable experience from working at George and Peabody Company, a firm in which his father had entered a partnership. Upon his return from New York, he became involved in working for the Duncan Sherman and Company from which he gradually rose in the ranks. Morgan established the J.P. Morgan & Company in 1861 which was to be the subsidiary of his father’s J.S. Morgan. J.P. Morgan made a name for himself through many shrewd deals which involved manipulation of gold prices for a profit. Since his father did not look kindly upon such shady dealings by Morgan, he forced the company into a partnership with Charles Dabney a successful Philadelphia banker (Geisst 35-39). J.P Morgan was involved in the rapidly developing railway industry during this time from which he ma de handsome returns. By the year 1869, Morgan was in charge of Susquehanna and Albany Railroad. By 1879, Morgan had made a name for himself from the sale of stock worth twenty five million dollars in the New York Railroad through a surreptitious consortium. Morgan made a handsome return on his investment in the deal which made his name famous making his to be appointed to the board of the New York Central Railroad board of directors soon after. A series of cunning business deals culminated with the formation of the Interstate Commerce Railway Association whose main aim was to thwart competition (Kwak and Simon 78-87). The group was composed of railway tycoons who were keen on protecting their businesses from increasing competition from small holders. The practice by the Interstate Commerce Railway Association of running down competing railroads through cartel led to the enactment of the Interstate Commerce Act of 1887 which made it illegal for companies to behave in cartel like beha vior. Most of modern day American laws on cartels are based on this act of 1887 (Chernow 172-3). Morgan began to associate closely with the Union government in 1872 through his purchasing of treasury bonds and bills. The 1893 financial panic further increased the profile and stature of Morgan when he was put mandated to act as a central bank by the government. The US had no central bank system and was such in danger of collapsing due to lack of controls on the monetary system. In conjunction with European bankers with whom his father and he had acquired connections, he made a deal for the United States to get a loan of 65 million dollars from Europe. While Morgan made a lot of money from the transaction, he has been tagged as a robber baron by many critics since he declined to divulge how much he had made from the syndicate. Modern day history scholars in the field of economics acknowledge Morgan with saving the economic system of the US from imminent disintegration by his act (Morr is 69-78). Morgan has also been involved in the funding of many major American utilities companies. In 1879 Morgan was actively concerned in the giving of financial support to the research of the Edison Electric Company. Morgan is credited with the merger between Edison Electric Company and a rival to form the giant General Electric. Morgan was heavily involved in the provision of

SOP Paper Essay Example | Topics and Well Written Essays - 1000 words

SOP Paper - Essay Example No doubt, extreme sports are a major attraction for sport lovers and can garner huge revenues, but there are numerous examples of sportspersons getting injured or maimed for life. One can never forget the snowboarder Kevin Pearce who suffered a traumatic brain injury when he was preparing for the Olympics in 2009. Therefore, my opinion is that extreme sports can be very dangerous for the sportsmen. For some people, extreme kinds of sports can be very tempting and they find it difficult to overcome the urge to participate in life risking sports. According to a sports consultant, Justin Anderson, some people have this innate sense of thrill that makes them do dangerous activities like jumping out of airplanes or climbing Mt. Everest (Hatfield, 2011). The question then arises is what is the thing that motivates these people to take part in such activities in spite of knowing the associated risks. It has been found that for these sportsmen, reaching the desired target is the primary factor while competition is the secondary factor. For these people, pushing their personal boundaries is a strong motivator although the fact that they are risking their life is always at the back of their minds. One common psychology behind these daredevil sports is the feeling that they have dared to dream the impossible and are also among those few who have achieved that dream (Hatfield, 2011). Extreme sports usually comprise high speed and risk. While both these elements can be thrilling for the youth because of their tendency toward heroism, the fact remains that such thrills are associated with extreme dangers that can be either fatal or lifelong disability. Since extreme sportsmen remain more excited to perform the perilous activities, most of the times they remain concerned about the event that will take place in that instant like how well they will be able to perform and

Ff options can only be priced because they can be replicated, why do Assignment

Ff options can only be priced because they can be replicated, why do we need them - Assignment Example Although derivatives are technically conspicuous reason being they can undergo replication using basic financial instruments, they are still the tools that provide those who participate in the market to full of risk to manage the particular risks. Nature of options dynamic replication Dynamic hedging of options is never conducted even with the market makers(Lussier & PareI, 2004). In nature, options are hard to deal with due to the technicality of the language used to describe the tools. The difference between dynamic and static hedging is small since hedging is only realized on minor positions. The risks taken by either parties are very different and highly distinguished, those with the buyer and distinct from those with the writer of the options hence asymmetry in the payoffs making it very hard for dynamic replication. Options also have the tendency of changing their character in a dynamically replicative way depending on whether they are in the money or out of the money. Dependen t on this, is the fact that the value of out of the money option is the probability that at expiry the said option will have some value without dynamically replicating (Lussier & PareI, 2004). Dynamic replication assumes a constant movement of asset prices while the real prices of the assets can move non-constantly. This has the effect of derailing the possible outcomes of accurate replication. The risk presented by this is on the options themselves upbringing bankruptcy to businesses that do not have enough capital (Lussier & PareI, 2004). All these factors combined have an impact on the way both the put and the call options will be priced using the relevant dynamic models. Options are of very high value since in its own context it allows the person holding it to be able to modify the risks they are exposed to favorably. In addition, the asset also gives the holder the special chance of escaping the contract when they realize they are not favored by the occurrences of dynamic repli cation. Pricing of options in relation to dynamic replication Dynamic replication understanding can well be discussed and how it works in relation to the option pricing theory, their relation and functionality is as well discussed. The pricing of options today bases its pricing on discrete time method where the valuation of the asset will take only two general forms depending on the skewness of dynamic replication (Roman, 2004). The pricing of an option depends on the ability of an individual to predict the future behavior of the asset prices. The call option value is arrived at in the end by getting the difference between the asset price and the strike price of the asset, which is maximized incase it is positive in value, and minimized when the value is negative. Under option contracts, option writers are most of the times obligated to deliver some form of liability with regard to dynamic replication, which are valued by way of creating a diversified portfolio that is underlying an d that exactly matches the residual costs involved in setting up both sides leading to a replicated product (Roman, 2004). Arrival at the fair value of an option is therefore arrived at depending on the ability of the writer of the option to form a dynamically replicating portfolio of the assets. Among the many methods used to price options, we have the Black-Scholes option-valuation model (Ross, 2008), which employs intensive analysis in its

Lesson plan and rationale Essay Example | Topics and Well Written Essays - 1000 words

Lesson plan and rationale - Essay Example A successful program is made up of well-planned courses, and well-planned course are a result of well-structured, planned and successful execution of the required weekly lessons. An educator should take each lesson seriously and see it as an opportunity to use creativity in engaging with the learners. This is the stage where the course content, which reflects the curriculum objective, is emphasized, and it is the stage where the learner can participate in the program execution actively. According to Habanek (2005), the "syllabus should explain how the course has been designed by the professor to facilitate learning and what the professor will do to help all students achieve" their goals. Therefore, a course lesson should always be the first priority towards achieving curriculum goals and objectives. Below is a brief description of how ‘Toxicology† lesson for The Advanced Pharmacology Course is executed to ensure that it meets the course and overall curriculum objectives. Lesson objectives The ‘Toxicology’ lesson will be offered in week six of the course. The lesson is strategically placed near the end of the Advanced Pharmacology course because it contains very important information that the learners are required to expansively. Putting it near the end enables learners to gain a deeper understanding of the course in the first weeks and become familiar with the course rationale. By the time, the learners are in week six concepts such as toxicity and chemical makeup of the drugs will be easily comprehended. This will ease the educator’s efforts towards ensuring the learners achieve the lesson objectives, which include: To attain a comprehensive understanding of toxicity of various drugs and their chemical make-up that may lead to toxicity The learner identifies how combination of drugs that have different chemical elements can react with patients when they are wrongfully prescribed Congruence of objectives to the course’s ob jectives and specific behaviors or outcomes expected from learners because of participating in this lesson. A good course and syllabus should be responsive and flexible to accommodate students concerns and address external events (Slattery & Carlson, 2005). At the end of this lesson, there are outcomes that the learner is supposed to display to show their understanding of lesson objectives. The outcomes display a clear and deep understanding of the lesson learning resources and material. Some of these outcomes include being able to determine the amount of prescription medication will be toxic to the patient. The learner should also be able to identify and link patient reaction to specified medication causing the reaction. It is also important that the learner be able to explain comprehensively drug action at a molecular, as well as cellular level. These outcomes are in direct relation to the course objectives, which state that learners should be able to Attain a comprehensive explan ation of major drug groups and be able to apply it in medical practice Be aware of the common contradictions and side effects that drug prototype, including knowledge in drug interactions, actions, and toxicity. Description of instructional approach to use For this lesson, the students will be required to make discoveries and individually understand the lesson objectives. The best learning theory to apply for this class will be constructivism. Constructivism is best suited because it incorporates principles such as discovery learning, active leaning, and knowledge building which are all part of student exploration within a specified structure by the educator (Devries and Zan, 2003). A constructivism approach enables students to be involved in making discoveries at a personal level, therefore, making it easy for them to understand the key concepts. This makes the lesson to be learner centered. My main work as an educator will be to facilitate the learning process by ensuring

Employing Strategy in a Competitive Environment Research Paper - 1

Employing Strategy in a Competitive Environment - Research Paper Example It is important for the organization to review all the employment policies and do necessary changes to maintain its good brand reputation. Economical Growth of US economy got affected due to recent financial crisis and economic recession. Recently, people are trying to consume low priced quality products. In addition to this, competitive pricing strategy of several local and international competitors is affecting the market share growth of Walmart (Lamb, Hair & McDaniel, 2008). It will be effective if the organization tries to introduce economically priced differentiated products by reducing its business operation cost. Social The organization terminated employees during and after the financial crisis and recession. Although it is considered as the leading employer within the country, but this strategy affected its brand image. They need to focus on employee specific strategies and business practices in order to get support from government and stakeholders. Technological Technologica l development of US motivated Walmart to implement advanced technology in business operation process. This adoption of advanced technology is resulting in job loss of employees. It is creating a negative image and perception. The organization should use both manual and automatic process in business organization. A technological process or machine cannot run without effective knowledge of employees. Environmental Recently the organization faced several environmental issues regarding cutting of trees in order to produce and distribute wooden furniture to the target customers. Walmart should follow each and every environmental policy developed by government and should use substitute resources of wood in furniture manufacturing process. It would not hamper the market share as demand of customers is ever rising. Strength and Weaknesses This part of the report will evaluate the organization’s strengths and weaknesses based on above environmental scan. Strengths Walmart is the large st employer in US. The organization gets huge political support from the government as it helps to minimize the unemployment rate of the country. In addition to this, adoption and implementation of advanced technology in business process is helping the organization to meet customer satisfaction and current market demand. Differentiated product line is helping the organization to achieve phenomenal market share growth (Draft, 2009). Continuation of these strategies and business practices will help organization to reduce business operation time and develop a potential client base that can be considered as major competitive advantages. Weaknesses Lack of sustainability in business operation, failing to follow environmental policies, job loss during the economic slowdown and critical workplace conflicts are considered as major weaknesses of Walmart (Pride & Ferrell, 2004). The organization needs to reform and modify their business operation strategies to mitigate business associated ris ks and challenges. Competitors K-Mart is one of the major and leading competitors of Walmart in US market. K-Mart also operates within the same industry with similar kind of business model. This retail chain offers differentiated products in competitive price to increase the number of target customers and market share. But Walmart has effectively introduced several unique strategies that helped them to achieve potential competitive advan