Types of Analysis for Strategic Planning

Types of Analysis for Strategic Planning Task 1 Internal Assessment Sometimes, it is something inside the organization that demands a major change. It can be technological change forcing new methods of carrying out its work, Cost efficiency/Performance, Assets condition/Productivity, Organizational culture and image, Organizational structure, Key staff, Operational efficiency, Operational capacity, Brand awareness, Market share and financial resources. External Assessment Sometimes the outside world forces such decisions on the organization. Such forces may include major shifts in the market, big changes in government policy, market competition, distribution methods, and the geography in which you will compete to get result Assumptions We can assume certain alternative that can be true in forming strategy and from which conclusion can be drawn, as the strategy is based on assumptions Priority issues We must address our priority issues. It can be cost of production, service level and delivery, organization and material effectiveness, customer service and friendliness, new product/service innovation and quality RESULT REQUIRED The second step to identify where do we want to be? We must set our mission and objective to reach our goals. Mission/ Vision It can be defined as what the company is to become over set period of time. To be effective the vision must be simple. It must be something that the people within the business can identify easily and it must have tangible impact on the business. Objectives Objectives are concrete goals that the organization seeks to reach, for example, an earnings growth target. The objectives should be challenging but achievable. They also should be measurable so that the company can monitor its progress and make corrections as needed. HOW The third step to find out how will we get there? We should make some strategy and proper programs to reach our goals. Strategic development process is dynamic and continuous. A change in one component can necessitate a change in the entire strategy. As such, the process must be repeated frequently in order to adapt the strategy to environmental changes. Throughout the process the firm may need to cycle back to a previous stage and make adjustments. IMPLEMENTATION The fourth step to define who must do what. Once a strategy is developed it is most important how to implement it and for effective implementation, it needs to be translated into more detailed policies that can be understood at the functional level of the organization. As strategy forms at corporate level, it should be translated into specific policies for functional areas such as marketing, R D, production, Human resources, Information Systems. REVIEWS The final step is to review once implemented, the results of the strategy need to be measured and evaluated, with changes made as required to keep the plan on track. Control systems should be developed and implemented to facilitate this monitoring. Standards of performance are set, the actual performance measured, and appropriate action taken to ensure success. Example: In my previous organization in Dubai, having two divisions, dealing in waterproofing and insulation materials and both were doing well. The management realized scope of further expansion into interior business. The Chairman has three sons. Two of them looking after two divisions and the third just returned from abroad after completing his studies. The company had enough resources, financial, premise etc. to start the new business. The chairman utilized all of the available resources efficiently and started a new interior business. Now I realized that they had followed above strategic planning process to be success and still they are doing well. Task 2 How does one involve stakeholders in the strategic planning process and give examples of what tools you might use to review strategic options. As an organization grows, it becomes more important that all those involved are clear about what the organization is looking to achieve and how it is planning to do it. Each organization should identify those with a legitimate interest in its work (stakeholders) and ensure that there is regular and effective communication with them about the organization. It is therefore worthwhile reviewing who the stakeholders are in the organization because they help to get job done more effectively. Stakeholders may vary according to the nature of the organization but most common can be explained in following diagram. Suppliers Government Customers Organization Bank / Financial Institution Employees Competitors How to engage stakeholders while developing strategy Personal Interviews It can provide quite detailed and rich data on individual behavior and attitudes. Data gathered with this process can help to develop strategy more effectively. Focus Groups Under this method people are selected and invited to meet together to discuss some aspect of a particular product or services which is helpful in making strategic decision. Advertising: It is a form of communication that helps to persuade potential customer to purchase or to consume more of a particular brand of product or service. If the strategy is to develop for a new product then view of prospective customer can be obtained by this means. Newspaper inserts: It enables advertiser to target their advertisement to specific geographic market. Mostly it covers local area and strategy planner can get the feedback from relevant stakeholders. Web/Online Surveys One of the most sophisticated and modern method to involve stakeholders in strategy planning process. It’s quick and more accurate and solves the distribution and result collection problems. Conferences: Company can arrange conferences where views can be exchange which will help the planner to form the strategy accordingly. Stakeholders are invited to discuss on a particular topic. Workshop / problem solving meetings: It is like a meeting emphasizing interactions and exchange of information among a usually small number of participants. Newsletters: A newsletter is a regularly distributed publication, generally about one main topic that is of interest to its subscribers. For example Company send newsletter to their employees to update their market position and any future development. Annual report: It is a complete report of an organization’s activities throughout the preceding year. It is normally sent to Shareholders and other interested stakeholders informing about the company’s activities and financial performance. It has been observed that individual stakeholders usually may have their own interests which they will ensure are protected and valued. It means that stakeholders can influence negatively or positively the performance of an organization. It is therefore important for an organization to determine which stakeholders can have a positive or negative impact on their organization so that the positive effects are promoted and the negative effects are managed so as to minimize damage. For example employees of an organization will be concerned about their job security and salaries and other benefits and while planning the strategy if they are not involved in planning process they may resist due to some risk, which they don’t want to take but if they are better educated they will help to achieve strategic goal. There are three important tools that can be used to review strategic options. †¢ Suitability †¢ Feasibility †¢ Acceptability Suitability: This is one of the important tools while developing a strategic plan. The planner must ensure that the strategy he is planning, will it be adjusted with the current environment and are we competent enough to face the challenges. Suitability is a decisive factor for assessing the extent to which a proposed strategy fits the situation identified in the strategic analysis, and how it would sustain or improve the competitive position of the organization. Some authors have referred to this as ‘consistency’. Suitability is therefore a useful tool for screening strategies. For example, if a strategy is likely to improve the organization’s competitive standing then we should find out, can we able to resolve the company’s liquidity problems, or decrease dependence on a particular supplier? Feasibility: Whether it can be implemented successfully. The organization must evaluate their resources and at the evaluation stage there are a number of fundamental questions which need to be asked when assessing feasibility. For example: Can the strategy be funded? Are we capable of performing to the required level (e.g., quality level, service level)? Can the necessary market position be achieved, and will the necessary marketing skills be available? Will the required skills at both managerial and operative level are available? Will the technology (both product and process) be available to compete effectively? Can the necessary materials and services be obtained? It is also important to consider all of these questions with respect to the timing of the required changes. Acceptability: Alongside suitability and feasibility, it is the third factor to review strategic options. This can be a difficult area, since acceptability is strongly related to peoples expectations, and therefore the issue of acceptable to whom? Following essential questions need to be asked when assessing Acceptability. Return What will be the effect on capital structure? Profitability analyses (return on capital employed, payback period, discounted cash flow, market valuation, etc.) Risk Will the function of any department, group or individual change significantly? Financial ratio projections; Sensitivity analysis; Decision matrices Stakeholder Expectations Will the organization’s relationship with outside stakeholders (e.g., suppliers, government, unions, and customers) need to change? Needs, power, interest, and predictability of stakeholders. Task 3 Prepare an example SWOT analysis of an organization you know or have studied listing the 4 key (SWOT) elements in a table. Explain how strategic planner will use the analysis in developing the strategy using some of the example elements you have listed. SWOT stands for strengths, weaknesses, opportunities and threats. Strengths and weaknesses are internal factors, which relates with resources. Opportunities and threats are external factors which relates with environment. SWOT analysis is a tool for auditing an organization and its environment and is often used to highlight where a business or organization is and where it could be in the future. It is the first stage of planning and helps marketers to focus on key issues. The following SWOT analysis looks at PRIMARK which is an Irish clothing retailer. The SWOT analysis will give a clear picture of the business environment PRIMARK is operating in at the present time. Strengths: The strengths of a business or organization are positive elements, something they do well and are under their control. The following section will outline main strengths of PRIMARK. A strong brand is an essential strength of PRIMARK as it is recognized and respected. Competitive pricing is a vital element of their overall success, as this keeps them in line with their rivals, if not above them. The lucrative location. mostly on high street adds up PRIMARK strengths due to its accessibility Keeping costs lower than their competitors and keeping the cost advantages helps PRIMARK pass on some of the benefits to consumers. There distribution chain is one of their strengths and links to success. Supplier relationships are strong at PRIMARK, which strengthens their overall performance. Weaknesses: Weaknesses of an organization is things that need to be improved or perform better, which are under their control. Weaknesses are also things that place you behind competitors. This section will present main weaknesses of PRIMARK. They don’t have good advertising technique to tell customers about their business. There limited product line is a major weakness. PRIMARK does not functions wider international market, which has an effect on success, as they do not reach consumers in more `overseas markets. Due to lower price more customer visit in their store but they don’t have enough checkout counters to avoid long queue. Opportunities: Opportunities are external changes, trends or needs that could enhance the business or organization’s strategic position, or which could be of a benefit to them. This section will outline opportunities that PRIMARK is currently facing. Decrease in taxation is an opportunity for them to reduce prices or increase profits. New market opportunities are a way to push them forward. PRIMARK has the opportunity to enter a niche market, gain leading position and therefore boost financial performance. Expanding the product lines by PRIMARK could help them raise sales and increase their product portfolio. They can enjoy benefits from reduction in interest rates so that business costs would come down. Expanding into other markets could be a possibility for them. Threats: Threats are factors which may restrict, damage or put areas of the business or organization at risk. They are the factors which are outside of the companys control. Being aware of the threats and being able to prepare for them makes this section valuable when considering contingency plans and strategies. This section will outline main threats PRIMARK is currently facing. Consumer lifestyle changes could lead to less of a demand for its products. Changes in the way consumers shop and spend and other changing consumer patterns could be a threat to their performance. Being undercut by low-cost imports is a major threat for them. Slow growth and decline of the retail market is a threat to them. Increased competition from overseas is another threat to them as it could lead to lack of interest in their product. The actions of a competitor could be a major threat against PRIMARK, for instance, if they bring in new technology or increase their workforce to meet demand. Price wars between competitors, price cuts and so on could damage profits for them. A slow economy or financial slowdown could have a major impact on their business and profits. PRIMARK could be threatened by the growing power customers have to set the price of their products. Conclusion Given this analysis we come to realize that each organization has its own external and internal problems to handle. The process in which we enable to identify and analyze such problems is by using proper management method of analysis like SWOT. The SWOT analysis is useful in a difficult strategic situation. The strengths are analyzed to reach opportunities and to avoid threats. The search of weaknesses is of importance as it allows the manager to minimize them. It also explains what unique resources you have and what you can offer that makes you stand from the rest. Task 4 Explain the differences between balanced scorecard, scenario planning, cost benefit analysis and sensitivity analysis giving at least one example of where each technique would be most appropriately applied Balance Scorecard The balance scorecard is a performance management tool to measuring whether the smaller-scale operational activities of a company are aligned with its larger- scale objectives in terms of vision and strategy. By focusing not only on financial outcomes but also on the operational, marketing and developments inputs to these, the balance scorecard helps provide a more comprehensive view of a business, which in turn helps organization act in their best long-term interests. It was proposed by Robert Kaplan and David Norton in 1996 In the balance scorecard we refer to the several different kinds of balance. For example -The balance between short and the long term. -The balance between four perspectives. The Balance scorecard approach generally has four perspectives: Finance: Return on Investment, Cash flow, Return on capital employed Financial results (quarterly/Yearly) Internal business processes: Process alignment (is the right process in the right department?) Learning and growth Is there the correct level of expertise for the job? Employee turnover Source Businessball.com Job satisfaction Training learning opportunity Customer: Delivery performance to customer Quality performance for customer Customer satisfaction rate Customer percentage of market Customer retention rate Scenario Planning Scenario planning is a method for learning about the future by understanding the nature and impact of the most uncertain and important driving forces affecting our world. It is a group process which encourages knowledge exchange and development of mutual deeper understanding of central issues important to the future of the business. It is a process of visualizing What future conditions or events are probable? What their consequences or effects would be like and how to respond to, or benefit from them. Four aspect should taken into consideration in scenario planning Future scientific capabilities Technological developments The role of business and government Social attitudes The transport for London is having scenario planning about future development like air conditioning in Tube. Cost benefits Analysis The process involves, weighting the total expected costs against the total expected benefits in order to choose the best or most profitable option. It is typically used by governments to evaluate the desirability of a given intervention. It is an analysis of the cost effectiveness of different alternatives in order to see whether the benefits are greater than costs. The costs and benefits of the impacts of an intervention are evaluated in terms of the public’s willingness to pay for them (benefits) or willingness to pay to avoid them (cost) inputs are typically measured in terms of opportunity costs the value in their best alternative use. The guiding principle is to list all parties affected by an intervention and place a monetary value of the effect it has on their welfare as it would be valued by them. Sensitivity Analysis It is a technique for determining the outcome of a decision if a key prediction turns out to be wrong. ‘The Study of how the uncertainty in the output of a model (numerical or otherwise) can be apportioned to different sources of uncertainty in the model input’ Suppose that the manager of an organization just completed a linear programming solution which will have a major impact on the company, such as determining how much to increase the overall production capacity and are about the present the results to the board of directors. How confident are you in the results? How much will the results change if your basic data (e.g. profit per item produced, or availability of a component) is slightly wrong? Will that have a minor impact on your results? Will it give a completely different outcome, or change the outcome only slightly? Bibliography: Primark.co.uk Thompson John L . Strategic Management . 4th Ed Team-based strategic planning By C. Davis Fogg 1994 http://www.netmba.com/strategy/process/ JOHNSON, G., and SCHOLES, K. (1997). Exploring Corporate Strategy, Fourth Edition, Prentice Hall, New York. [Chapter 8] Business dictionary.com Cases in public policy analysis by George M. Guess, Paul G. Farnham Wikipedia.org Practical Optimization: a gentle Introduction – John W. Chinneck, 2000 A Practical guide to using the Balanced scorecard By Nils-Gà ¶ran Olve, Anna Sjà ¶strand, Carl-Johan Petri Businessball.com http://www.well.com/~mb/scenario_planning/ dft.gov.uk Sensitivity analysis in practice by Andrea Saltelli, Stefano Tarantola, Francesca Campolongo

Organizational Impact Essay

Innovation, design, and creativity are important parts of any organization that strives to be a market leader within a given industry. Organizations typically belong to one sector of industry, either service or manufacturer. A company from each sector, Nissan Motors for manufacturing and Verizon Wireless for service are the organizations chosen for evaluation. Nissan Nissan Motors has proven to be a leader in the automobile industry in innovation. When the price of gas increased significantly in 2006, Nissan changed their strategy to include the electric car. With the Toyota Prius already available, Nissan wanted to be the first with a 100% electric car. Recognizing a new market never comes easy for any organization and the impact to the organization can be significant, Nissan took a big risk. Although Nissan began developing an electric car in 1997, the uses for this type of car were not for the public. Initially government agencies and businesses used these cars as fleet cars. With need for alternative fuel sources and public interest, Nissan refocused energy back into the electric car it had originally developed, the Nissan Versa in 2009, renaming the car Nissan Leaf in 2010 (â€Å"Nissan Motor Company,† n. d. ). Nissan showed its innovation and creativity with the introduction of the first environmentally friendly car that requires no gasoline. The designers for Nissan gave the vehicle a look that is attractive to the buyer and will set the stage for how electric cars will look in coming years as these types of vehicles continue to be the new trend (â€Å"Nissan Motor Company,† n. d. ). For the first two years after launching the first affordable, mass market electric car, the Nissan Leaf struggled in sales. Nissan began an aggressive marketing strategy and creating strategic partnerships the Nissan Leaf finally reached growth stage. With the organization’s aggressive marketing push, advertisements gave consumers clear messages on how environmentally friendly this new type of vehicle is, how it saves money on the purchase of gas, and that the price tag makes it affordable to most car buyers. In the end, the impact on the strategy of Nissan was minimal other than overcoming the American car buyers’ love for the gas powered engine. Nissan believes in turning what ifs into what is, and with the Nissan Leaf they have brought the innovation of the electric car to reality. Verizon Wireless Verizon wireless formed in 2000 with the merger of Bell Atlantic and GTE (â€Å"Verizon Corporate History,† 2013). Once complete, the merger created the nation’s largest wireless cell phone service company. In 1992 there was the introduction of the first smart phone. This phone called Simon was capable of much more than making phone calls but there was no network available that was capable of handling the data it could send. This innovation laid the ground work for Verizon’s 4G LTE network. Over the next two decades, mobile network technology grew and in 2010 Verizon Wireless revolutionized lives throughout the United States with LTE technology. Today, Verizon is the largest, most reliable 4G LTE network (â€Å"Verizon Corporate History,† 2013). The organization delivers the most advanced wireless technology available. Through innovation, Verizon Wireless 4G LTE can provide services in the fields of transportation, health care, small businesses, and education. With the advanced technology Verizon Wireless provides its customers, street vendors can make payment transactions and EMS personnel can improve on response times and patient care. Verizon Wireless is no longer just a cell phone provider. However, the innovation of this technology over the years has forced Verizon to change its strategy several times to remain the best in the industry. The impact on Verizon’s strategy was a $66 billion dollar investment in their technology and infrastructure (â€Å"Verizon Corporate History,† 2013). Although the policies of Verizon did not change, the marketing of what services they could provide had to. Conclusion Innovation, design, and creativity impact organizations in different ways. For the Nissan Company the impact was minimal because the organization already had a design, prototype, and the infrastructure to make the product. This product affected the marketing strategy the most because the vehicle needed aggressive measures to get the car selling. As technology continues to evolve rapidly there will still be some changes made to the electric car in the years to come. The impact on Verizon was more significant because the organization’s technology needed further development to accommodate manufacturers of cell phones such as the Apple I-phone and the Android. Verizon needed innovation, design, and creativity to develop not only the technology but also the service plans as well. In today’s business environment, organizations, whether they are manufacturers or service-based must be ready to change strategies and evaluate the impact on the organization’s business constantly.

bottled water case Essay - 1418 Words

Bottled Water Case: Industrial Evolution 1. Describe the bottled water industry as presented in the case a. Size in sales: In 2001, bottled water was among the world’s most attractive beverage categories, with global sales exceeding 32 billion gallons and annual growth averaging nearly 9 percent between 1996 and 2001. b. Projected growth: U.S. per capita consumption had grown to nearly 20 gallons a year by 2001 and was expected to grow to 26 gallons a year by 2005 c. Number of Competitors: Both the global and U.S. bottled water markets had become dominated by a few international food and beverage producers like Coca-Cola, PepsiCo, Nestlà ©, and Groupe Danone, but they also included many small regional sellers that were required to†¦show more content†¦Bottled water consumption and sales have been increasing exponentially since its emergence as a widely-accepted commercial beverage category. The bottled water industry is now growing at 8% to 10% annually – about twice as fast as other beverages. In fact, in 2003 bottled water became the second largest commercial beverage category by volume in the United States, surpassing milk, coffee, beer, and is now second only to carbonated soft drinks. d. Demographics (what is the industry’s focus customer) Another significant trend is product marketing and packaging. Realizing that consumers cite taste, quality, and purity as the top reasons for drinking bottled water, bottlers market and design bottles to display their purity. Other manufacturers seek to carve out a new level in the bottled water industry introducing high-end products. Another packaging trend in the bottled water industry is multi-packs. As current bottled water consumption grows, more consumers are turning to multi-packs to save time and money. e. Governmental rule (tightly restricted, loose enough to give industry room to grow/compete.) Bottled water producers in the United States were required to meet the standards of both the EPA and the U.S. Food and Drug Administration (FDA). Like all food and beverage products sold in the United States, bottled water was subject to such food safety and labeling requirements as nutritional labeling provisions and general GoodShow MoreRelatedBattling Over Bottled Water Case Essay1821 Words   |  8 Pagesâ€Å"Battling over Bottled Water† is the case study I chose to converge on. It focuses on the state of Michigan, which boasts more than 11,000 lakes and almost 36,000 miles of streams. The great thing about Michigan is lakes are present no more then six miles away, as some of the biggest lakes such as Lake Michigan, Huron, Superior and Ernie contributes to the outdoor adventures for many. However; Nestle, a corporation known to many, has been battling a case with Michigan Citi zens for Water ConservationRead MoreSelling Bottled Water By Peter Gleick1577 Words   |  7 PagesThe chapter â€Å"Selling Bottled Water†, by Peter Gleick, works within the argument of Cynthia Barnett’s â€Å"Business in a Bottle†, which illustrates the superficial and deceptive image of bottled water, due to false advertising and pseudoscientific claims by greedy bottling companies. The companies take advantage of a free resource and make millions in profit. Although utilizing different styles, Gleick and Barnett’s grounds intertwine, exposing bottling companies’ manipulative tricks while opening theRead MoreHow Harmful Can Bottled Water Be?1031 Words   |  5 PagesBottled water has become a controversial topic as of late. There are always two sides to every argument, some think that bottled water is beneficial to society, whereas some people think that it is detrimental to society as a whole. Bottled water is detrimental to society because i t costs the country an abundance of money. It is also harmful to society because it is damaging to the environment. A lack of sanitation in bottled water has also been connected to illnesses among people who drink it. BottledRead MoreBottled Water And Drinking Water757 Words   |  4 Pagesdeal of water, in fact, the average American uses 90 gallons a day (Henshaw). So it is not surprising America has one of the cleanest water reserves in the world (â€Å"Water Quality†). A surprising statistic, however, is one-third of the American population drinks bottled water on a regular basis when the majority has clean drinking water at home (Olsen). This might be due to the fact that the bottled water industry has promoted itself as a healthier and more portable alternative to tap water. HoweverRead MoreWater Quality And Contamination. Introduction. 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However, people get water in different ways. One way to get this healthy drin k is through bottled water. There is a huge debate whether or not bottled water is the way to go. The benefits of bottled water do outweigh the costs by several reasons. Bottled water is commonly more available to the people. For example, when going on vacationRead MoreThe Benefits Of Bottled Water Essay1476 Words   |  6 PagesEven though bottled water has many disadvantages, there are still some benefits. Bottled water is convenient. Almost everywhere a person goes there are bottled waters being sold. The water is sold at grocery stores, convenience stores, vending machines, and many other places. People can also buy many bottles of water at a time. Some grocery stores sell bottled water that come with twenty or more bottles in the case. Bottled water is a convenient on-the-go hydration solution. For example, people carryRead MoreWater Quality Of Drinking Water1629 Words   |  7 Pagesdrinking water.† This may not seem serious, but it is Water quality is sometimes unseen, it is a serious issue yet often ignored by many. Most people are convinced that bottle water is the best solution therefore no one really questions the quality of tap w ater. As a result, tap water is rarely investigated, and this leads to a detrimental issues. A three-year study was conducted, for the testing of water quality, as a result the report has found more than 200 unregulated chemicals in the tap water of

Why Should Genetic Engineering Be Extended - 1798 Words

Genetic Engineering AOS 3 – SAC 2 IMMANUEL. A| BIOLOGY | 9/10/2017 Research Question: To what extent should genetic engineering be extended to humans? And what are the biological/social/legal/ethical/religious implications that arise due to Genetic engineering? Introduction Genetic engineering is the process whereby new DNA is added or existing DNA is altered in an organism s genome. This may involve changing one base pair (A-T or C-G) or deleting entire sections of DNA or adding additional copies of a gene. This results in creating new traits that were not previously present in the organism’s genome. This is done to selectively breed desired traits or to create plants with increased resistance to pesticides and increased†¦show more content†¦Some countries like China have already begun experiments regarding human genetic engineering. Scientists at the Sun Yat-sen University in Guangzhou have already started engineering human embryos to edit the gene that is causing the blood disease known as thalassaemia. As mentioned in the article: â€Å"China shocks world by genetically engineering human embryos† published by The Telegraph on Friday the 6th of October 2017 , it states how â€Å"critics warned that China was becoming the â₠¬ËœWild West’ of genetic research saying it was the first step towards designer children and called for a worldwide ban on the practice.† It further goes on to explain how â€Å"It is entirely unnecessary since there are already many ethical ways to avoid thalassaemia. This research is a classic example of scientific careerism - assuring one s place in the history books even though the research is unnecessary and unethical. And that â€Å"It is critical that we avoid a eugenic future in which the rich can buy themselves a baby with built-in genetic advantages.† (http://www.telegraph.co.uk/news/science/11558305/China-shocks-world-by-genetically-engineering-human-embryos.html). It is clear that without proper restrictions this technology could get out of hand. All living organisms, from amoebas to humans, have a molecular code called DNA inShow MoreRelatedGenetic Engineering Bioethical Concerns1331 Words   |  6 PagesGenetic Engineering Bioethical Concerns Bioethics is a relational field of science that deals with the intersection of biological scientific practices and ethical concerns raised by these procedures. Genetic engineering is a relatively new scientific practice and is greatly concerned with the field of bioethics, as it raises many worries revolving around the blurred moral lines of manipulating a person’s genome.This method of engineering the human genome originated from the idea that cancers andRead MoreThe Ethical Issues Of Animal Welfare1097 Words   |  5 PagesIn recent years, the genetic engineering of animals has increased significantly. With this technology, we also see some ethical issues that relate to animal welfare — defined by the World Organization for Animal Health as â€Å"the state of the animal†¦how an animal is coping with the conditions in which it lives†. In an attempt to ensure that all participants are aware of the ethical issues at stake and can make a valid contribution to the current debate regarding the creation and use of genetically engineeredRead MoreGenetic Engineering And The Human Race1974 Words   |  8 Pagesof Human Genetic Engineering are Dreadful If the world had the possibility to be a healthier one, one can rest assure that it would make that possibility a reality. However, the world already has been having that possibility through genetic engineering, but at the same time, it has remained a possibility and not a reality. With this in mind, one must wonder why; why has it remained a possibility? 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SinceRead MoreGenetic Engineering: Playing God Essay1796 Words   |  8 Pages Regenerating extinct species, engineering babies that are born without vital body organs, this is what the use of genetic engineering brings to the world. nbsp;nbsp;nbsp;nbsp;nbsp;â€Å"In Greek myth, an chimera was a part lion, part goat, part dragon that lived in Lycia; in real life, it’s an animal customized with genes of different species. In reality, it could be a human-animal mixture that could result in horror for the scientific community. In myth the chimera was taken down by the warriorRead More The Pursuit of Genetic Engineering Essay4075 Words   |  17 PagesThe Pursuit of Genetic Engineering Imagine a world where diabetes is effectively treated, where cancer has a cure, and where food is altered for higher quality and increased production. This â€Å"fantasy† world is on the brink of becoming a reality due to advances in genetic engineering and cloning. These medical innovations have the potential to revolutionize our lives in numerous ways. However, the fear of controversy and the fear of the â€Å"new† could hinder and possibly halt any progress thatRead MoreWhy Do Our Genes Have Anything?1100 Words   |  5 Pages held that microorganisms produced by genetic engineering are not excluded from patent protection by 35. U.S.C. 101. IT is clear from the Supreme Court decision and opinion that the question of whether or not an invention embraces living matter is irrelevant to the issue of patentability† (USPTO). Being able to patent a particular gene or a sequence of genes that will provide ownership to that person. Having this type of â€Å"powerâ €  I believe is wrong and should have never been allowed for society toRead MoreBenefits Of Genetically Modified Organisms Essay1375 Words   |  6 PagesArgument Essay A Genetically Modified Organism or GMO is an organism whose genome has been altered by the process of genetic engineering so that its DNA contains one or more genes not normally found within. These genetically modified organisms are a relatively new phenomenon in the United States, introduced in 1994. However, beginning in 2014 these chemicals could be found in 90% of corn, cotton, and soybeans produced in the United States. The looks and taste of genetically modified organismsRead MoreDna Extraction1806 Words   |  8 Pagesenvelope) it can be examined in many laboratory tests for a variety of reasons: DNA quantification, DNA fingerprinting, Real-Time PCR analysis, genetics testing and genetic therapy. 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