The Ultimate Manual to Fences Essay Topics

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The Hospitality Industry Essay Example Pdf - Free Essay Example

INTRODUCTION This paper presents a review of the literature relevant to the topic of intercultural communication in the hospitality industry. It begins with an examination of Brown and Levinsons politeness theory, followed by a critique of Hofstedes five cultural dimensions and Edward Hall and others theories of cultural awareness, concluding with a synthesis of the research on intercultural communication by leading commentators in this field. This analysis thus provides insight into the issues influencing the perception of politeness between the Spanish and English cultures in the hotel workplace. LITERATURE REVIEW 1. Politeness theory In their 1978 and 1987 works on the theory of politeness, Brown and Levinson put forward a rational model of politeness, arguing that individuals across all cultures want to be approved of by others and free from unnecessary constraints, or positive and negative face, respectively (Greene, 1997). In response to their argument that politeness is a universal part of language, Watts (2003) contends that this theory is overly idealistic because it ignores the means by which individuals in society struggle with politeness in their interactions with others. He holds that these features of social interaction are more important than the role of politeness in intercultural communication. Using a practical example of politeness theory, ODowd (2003) conducted primary research examining the interaction of Spanish and English cultures in business situations and found that if participants perceived another person as being interested in descriptions of their own culture, they subsequent ly felt encouraged to communicate more but, if they felt their positive face was threatened by the other person showing a lack of interest in their cultural background, they were more reluctant. 2. Hofstedes five dimensions Geert Hofstede describes culture as the collective characteristics of members of one group of people (Hofstede, 2001; Hofstede et al, 2010). His theories search for meaning in the correlation between a countrys cultural indicators and his five dimensions of power distance, uncertainty avoidance, individualism, masculinity and long-term orientation (Vinken et al, 2004). In his most recent work, Hofstede adds a new sixth dimension of culture called indulgence versus restraint and introduces the concept of a moral circle to the debate (Hofstede et al, 2010). In a 1998 article, Hofstede builds on his earlier seminal works (1980; 1991) and further specifies that the main criteria for comparison are values and attitudes, also known as constructs. He acknowledges that there has been much criticism of his methodology of using nations as the units for studying and comparing culture, but nevertheless contents that many nations contain a sufficient amount of comparable aspects. Hof stede suggests that cross-cultural misunderstanding is often based on the dimension of value variation between cultures, with the Spanish having a more group-orientated culture than the English. When an activity is planned by Spanish people, it is much more common to invite a large group than just one or two others, demonstrating collectivism over individualism. In addition, Hofstede suggests that the English not only have a high level of individualism, they exhibit above average masculinity and lower power distance and uncertainty avoidance than the Spanish. 3. Cultural awareness While Hofstedes work provides a useful framework, there is large body of research that explores in more detail the definitions and role of culture and cultural awareness, and it is valuable in the analysis of these cultures in relation to the hospitality industry. Holliday et al (2004:3) describe culture as being a fluid, creative social force which binds different groupings and aspects of behaviour in different ways, and cultural awareness requires a fundamental understanding of this fluidity and how it impacts on various social interactions, particularly intercultural ones. The attitudes and perceptions associated with different national cultures exerts a strong influence on many business situations, including that of English receptionists interacting with Spanish customers, and the studies of cultural awareness by Edward T. Hall illustrate this point further. He describes culture as a hidden force and goes as far as to suggest that culture is synonymous with communicatio n. When an English receptionist communicates with a Spanish customer, it is inevitable that each party will apply their own cultural framework not only in the way they communicate with each other, but in how they perceive the interaction. Other experts reinforce the notion that there are significant barriers to be overcome in terms of intercultural business issues (Larsson and Risberg, 1998). Bennett (1993) for one contends that it is important to be able to distance oneself from ones own cultural backgrounds in order to understand others, and Byram (1997) goes on to suggest that sensitivity to issues such as directness and politeness in language is an essential component of intercultural awareness. These theories can all be applied to help English receptionists and Spanish customers to have greater levels of cultural awareness and sensitivity, thus enhancing the business relationship. 4. Intercultural communication Building on the analysis in the previous sections, Charles (2007) points to the fact that English has become the accepted lingua franca of international business, and this is referred to by others as the built-in bias of the English language (Munshie and McKie, 2001). The hospitality industry is a prime example of this, and it has become accepted practice for customer-facing hotel staff to be able to speak English to come extent, regardless of the country in which the hotel is located. It is much less likely for an English receptionist to speak Spanish, for example. One expert has pointed out that frequently non-verbal communication can be misinterpreted. For example, she says: Normally a handshake is brief but in Spain it may be prolonged for several seconds. This does not show deep personal warmth as it might somewhere else McLaren, 1998:137). And as Welch et al (2005:11) point out, intercultural communication can actually be an irritating reminder of what may be involved in crossing foreign cultures, and managing in a cross-cultural environment. Based on extensive primary research, Charles (2007) recommends that businesses should increase their awareness of the importance of cultural diversity in communication and develop a better understanding of how individuals relate to each other across language and cultural barriers. Another commentator (Verluyten, 1997) has provided evidence of the importance of intercultural training and awareness in this process, the lack of which can lead to disastrous results. CONCLUSIONS This paper has presented a summary of the relevant literature and provided some interesting insights into the role of intercultural communication in the hospitality industry, especially between Spanish and English cultures. For one, an analysis of Hofstede and Brown and Levinson contributes to a better understanding the issues underpinning the differences between these two cultures and the various influences on peoples behaviour, such as politeness and individualism versus collectivism. In particular, the work by Hall and others demonstrates that learning a second language, not just English as is normally the case, is important in todays working environment within the hospitality industry. A lack of cultural awareness especially can lead to barriers of miscommunication. For example, Spanish customers could potentially be seen as rude or overly direct by English receptionists who do not understand the cultural differences. The receptionists therefore often apply their own c ultural background to the interaction and, as a result, expect a sometimes unreasonably high level of politeness. Communication can be significantly improved by efforts to raise intercultural awareness and sensitivity within the hospitality industry. BIBLIOGRAPHY Bennett, M., 1993. Towards ethnorelativism: A development model of intercultural sensitivity. In M. Paige, ed., Education for the Intercultural Experience, pp.21-71. Yarmouth: Intercultural Press. Brown P. and Levinson S., 1978. Universals in language usage: Politeness phenomena. In E. Goody, ed., Questions and Politeness, pp.56-311. Cambridge: Cambridge University Press. Brown P. and Levinson S., 1987. Politeness: Some Universals in Language Usage. Cambridge: Cambridge University Press. Byram, M., 1997. Teaching and Assessing Intercultural Communicative Competence. Clevedon: Multilingual Matters. Charles, M., 2007. Language Matters in Global Communication. The Journal of Business Communication, 44(3). p.260. Greene, J.O., ed., 1997. Message Production: Advances in Communication Theory. Mahwah: Lawrence Erlbaum Associates. Hall, E.T., 1959. The Silent Language. New York: Doubleday. Hofstede, G., 1980. Cultures Consequences: International Differences in Work-R elated Values. Beverly Hills: Sage Publications. Hofstede, G., 1991. Cultures and Organizations: Software of the Mind. New York: McGraw-Hill. Hofstede, G., 1998. A Case for Comparing Apples with Oranges: International Differences in Values. International Journal of Comparative Sociology, 39(1). pp.16-31. Hofstede, G., 2001. Cultures Consequences: Comparing Values, Behaviors, Institutions and Organizations Across Nations, 2nd ed. Thousand Oaks: Sage Publications. Hofstede, G., Hofstede, G.J. and Minkov, M., 2010. Cultures and Organizations: Software of the Mind, 3rd ed. New York: McGraw-Hill. Holliday, A., Hyde, M. and Kullman, J., 2004. Intercultural Communication: An Advanced Resource Book. London: Routledge. Larsson, R. and Risberg, A., 1998. Cultural awareness and national versus corporate barriers to acculturation. In M. Gertsen, A-M. Soderberg, and J. E. Torp, eds., Cultural dimensions of international acquisitions, pp.168-196. Berlin: Walther de Gruyter. McLaren, M.C., 1998. Interpreting Cultural Differences: the Challenge of Intercultural Communication. Dereham: Peter Francis Publishers. Munshie, D. and McKie, D., 2001. Toward a New Cartography of Intercultural Communication: Mapping Bias, Business, and Diversity. Business Communication Quarterly, 64(3). p.9. ODowd, R., 2003. Understanding the Other Side: Intercultural Learning in a Spanish-English E-Mail Exchange. Language, Learning Technology, 7(2). p.118. Thomas, D.C. and Inkson, K., 2003. Cultural Intelligence: People skills for global business. San Francisco: Berrett-Koehler. Verluyten, S.P., 1997. Business Communication and Intercultural Communication in Europe: The State of the Art. Business Communication Quarterly, 60(2). p.135. Vinken, H., Soeters, J. and Ester, P., eds., 2004. Comparing Cultures: Dimensions of Culture in a Comparative Perspective. Boston: Brill. Watts, R.J., 2003. Politeness. Cambridge: Cambridge University Press.

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Who Is Misleading Us About Gre Essay Samples Magoosh?

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Writing An Essay On Themes

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How to Write an Essay For College Admission

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Essay Samples With Outline - Guide to Choose a Topic

<h1>Essay Samples With Outline - Guide to Choose a Topic</h1><p>After finishing your paper, the following stage is to choose article tests with diagram for your consultant. Be that as it may, before you begin gathering tests, you have to know first the idea of how your picked point ought to be introduced. To begin with, settle on what the topic of your paper ought to be. You can pick a philosophical methodology so that the paper is obviously organized with a reasonable order.</p><p></p><p>You ought to furnish the peruser with some center thoughts so as to inspire and pull the person in question towards the finish of the article. In the event that you intend to dazzle your consultant and to make some great memories simultaneously, ensure that your article contains helpful and potential thoughts that could fit well in any conversation or discussion. At that point there are some significant focuses that you ought to have the option to remember f or your essay:</p><p></p><p>The first and the most significant point is to start the exposition with the announcement of the perspective that you wish to make. For example, on the off chance that you will expound on style, you need to come out plainly expressing your assessment on the design pattern, what sort of creator or garments is your top pick, etc.</p><p></p><p>What follows is to present the primary postulation that you have picked. For example, on the off chance that you need to examine the style business, you ought to record a few statistical data points about the business so as to cause your perusers to comprehend your perspective on the theme. At that point you need to build up a solid end that contains the significant focuses that are required for finishing the thesis.</p><p></p><p>Next is to distinguish the perspective that you wish to help in the paper theme. For example, in the event that you are going to introduce your sentiment on the subject of sports, you need to give the peruser an unmistakable thought regarding what the issue of the competitors is. You should ensure that you make the peruser consider the issue and along these lines you can persuade the person in question on your perspective. Your proposition ought to be about the manner in which you can add to the conversation or discussion in this particular subject.</p><p></p><p>Next, furnish the peruser with data about the fundamental commitment of the point. For example, on the off chance that you will expound on the qualities of style, you need to give a few thoughts regarding the design inclines that ought to be set up in the style industry.</p><p></p><p>After that, you are not to stop in light of the fact that there are numerous different subjects and you need to experience the theme again. Nonetheless, you should ensure that you produce the best and most helpful e xamples that will fulfill your perusers. What's more, ensure that you can appropriately execute your work. This implies your composing ought to be clear and coherent.</p>

Good And Evil Are Bedfellows in Flannery O’Connor A Good...

The Flannery O’Connor story â€Å"A Good Man is Hard to Find† illustrates a parallel between the Misfit and the grandmother, showing that good and evil are not mutually exclusive in an individual. The grandmother and the Misfit display a flowing, changing state of character, representative of this shift. Flannery O’Connor develops these two characters on the surface as simply being a good person and a bad person. However, there is more to each character than the surface level, as they exhibit traits that wouldn’t ordinarily seem fitting in regards to what would be expected. It is this complexity in human characteristics that O’Connor takes the time to develop and show the audience the depth of humanity. William Burke defines the bond†¦show more content†¦At Red Sammy’s truck stop, the grandmother converses with Sammy about the lack of good people in the world, blaming the down-turn on others while neglecting her flaws (O’Connor 205). This irony in her character demonstrates the ability an individual has to label themselves, in a vacuum, as good or evil and the effect this can have on those that don’t know that person. In her waning hours, the grandmother, despite the murders of family in the background, attempts to bribe, reason with, and flatter the Misfit in a desperate attempt to save her own life (Evans 6). This same woman had earlier commented on the lack of good people in the world and she has regressed to using whatever means necessary to attempt to preserve her life. The Misfit acts in self-interest by having the family killed in order to escape the risk of capture after the grandmother identifies him. While this is what is expected of the infamous Misfit, it takes the grandmother exposing his identity to bring it about. Instead of committing the murders initially, as he was notorious for, he had stopped to aide a car that had been flipped and damaged (O’Connor 207). The alternative, and far more illustrative of the evil would have been to have killed them but alternatively to that even, would be for his car to not even have stopped to help the family. However, the Misfit does not view his acts as purely malicious, but rather as a method of making up for the

Economics for Sustainable World

Question: Discuss about the Economics for Sustainable World. Answer: Introduction Business in India tends to behave in a completely different manner as compared to any other nation across the world. As stated by Searle (2014), it is noted that the companies greatly depend on the prevailing conditions, industry attractiveness, competition and their individual customer bases for developing initiatives. Being recognized as the people`s country, organizations value the environment and thereby undertakes decision making with utmost care. Apart from the various industry sectors across India, there has been a noticeable progress of real estate enterprises. Moreover, it is the management of any organization which not only enables it to fulfil its objectives, but also help in filling up pitfalls and catering to develop capabilities (Rouanet Halbert, 2016). For this particular project, a well know Indian Business Corporation named Puravankara Project Limited has been taken into consideration. Additionally, along with a focus on the background of the firm, the report includes a deep rooted study of its existing situations, competencies, requirements and developments as well. Like every other enterprise, Puravankara is also affected by the various internal and external factors. Apart from highlighting the several elements that directly or indirectly impacts the business, the project discuses about the growth of sustainability awareness and the company`s role in it. In addition to a management view, the report tends to emphasize the economical perspective of the business as well. Background of the Business According to Shatkin (2016), over the years there has been a significant development in the real estate trade of India. Also, among the various firms that carry out business, Puravankara Projects is one of the leaders that prevail in the industry. It is noted that the firm has achieved tremendous success at a domestic as well as international level. As opined by Searle (2016), despite of being inaugurated in the early year of 1975, the management has actively taken part in adapting to the changing atmosphere and thereby integrating modernization in the structural framework. With a growth of core competencies, the brand has expanded from Mumbai to Bangalore, Mysore, Hyderabad, Kochi Chennai and foreign countries like Dubai, Saudi Arabia and Colombo. Being a real estate developer, the firm involves in building and construction activities across the nation. It is noted that the organization has completed over 48 housing projects, 2 commercial initiatives and has many ongoing development ventures. Additionally, the brand also has successfully established Purva interiors that along with fulfilling designing activities, visions to trun their client`s dream house into a reality. Concerning Bangalore, the firm has successfully developed several projects like Purva Paradise, PurvaCastelaine, Purva Vantage, Purva Pavilion and many others. The management of the real estate organization tend to focus on developing its customer segments to be able to continue business effectively. India being a diverse nation is home to a population of 130 crore and more. It is noted that Purvankara targets both residential and commercial sectors (Crowe et al., 2013). Specifically, people belonging to the age group of 35 to 55 are identified as the most contributing clients of the brand. Further, first time home purchasers, median age of 25 to 35, sole proprietors, and also various business firms form the customer base of the brand. Concerning the location of the buyers, the metropolitan cities of the nation (Kolkata, Chennai, Delhi, Mumbai, and Bangalore) and a few overseas regions seem to be the most feasible options (Top Real Estate and Project Developers | Puravankara., 2017). According to Vishwakarma (2013), the high profit levels and opportunities have led to a consequent rise in degrees of rivalry as well. Not only do the competitors deal in the same line of goods and services, but also tend to target the same customer segment as that of Puravankara Projects. Several firms like, Era Infra Engineering, Omaxe Ltd, Peninsula Land, HDIL (Housing Development and Infrastructure Ltd), SRS Real Infrastructure, Prestige Group and many others pose a direct threat to the brand. On the other hand, organizations like Brigade Group, Oberoi Realty, DLF Ltd, Godrej Properties and various similar firms tend to increase competition at the local as well as international level. It is noted that major competitors are located in Mumbai, Delhi, Southern India, Dubai and parts of UAE. Name Last Price Market Cap. (Rs. cr.) Sales Turnover Net Profit Total Assets DLF 126.50 22,567.52 2,451.34 974.56 26,269.57 Oberoi Realty 305.35 10,364.10 1,179.77 475.47 3,824.65 Godrej Prop 322.75 6,983.15 340.26 30.37 4,730.11 Prestige Estate 181.00 6,787.50 2,655.98 361.81 7,803.00 Phoenix Mills 368.75 5,644.34 355.79 150.89 3,061.58 Indiabulls Real 80.75 4,091.31 17.38 55.16 9,016.50 Omaxe 159.30 2,913.61 1,138.25 51.47 2,571.54 HDIL 63.05 2,736.40 1,168.30 264.96 12,947.89 PNC Infratech 104.45 2,679.55 2,014.16 242.74 1,368.31 Sobha 264.45 2,546.78 1,803.30 136.90 4,547.82 Brigade Ent 155.40 1,765.90 1,226.45 146.36 2,421.84 Sunteck Realty 243.05 1,530.39 163.45 140.06 944.46 Anant Raj 43.65 1,288.10 408.20 55.64 5,088.40 Puravankara 44.15 1,047.02 983.49 77.49 3,604.24 Table: Market Position of Puravankara Projects (Source: Annual Reports., 2017) Puravankara Projects with a market capital of Rs. 1047.02 cr tends to rank 14th (5% market share) in the real estate business of India. Analyzing the market condition of the sector, it can be inferred that the industry tends to be closer to a situation of perfect competition. As stated by Squires Heurkens (2014), the existence of numerous firms and customers in the market disallows monopoly of a single enterprise. Further, there exists a very low bargaining power of the buyers and suppliers as well. On the other hand, there also prevail a large number of close substitutes of the good and services provided by Puravankara. It is noted that the average income of India`s population amounts to $616, thereby affecting pricing strategies of the firm. Moreover, the management tends to maintain a proportionate relationship with the per capita income level of the nation, hence leading to the building up of relatively elastic demand curve (Srinivasan, 2016). Concerning mark up of price above the marginal cost, the management might opt to satisfy the need for increased input cost by raising the price level of goods and services. In case when the demand curve is elastic, the mark-up tends to be low or zero (perfectly elastic). Production Costs and Scale According to Glaeser (2016), the factors of production as per economic terms is describes as the inputs that are utilized as a part of the creation of merchandise or administrations with a specific end goal to make a monetary benefit. The components of production incorporate land, work, capital and business enterprise. These creation variables are also called administration, machines, materials and work, and learning. Variables of production of Puravankara, includes any asset required for the formation of the organisation. At the core, land, capital, labour and business include the greater part of the information sources expected to create a goods or services. Labour incorporates the greater part of the work that workers and labourers perform at all levels of an association, with the exception of the business person. The entrepreneur of Puravankar is the person who takes a thought and endeavours to make a financial benefit from it by joining every single other variable of generation (Lieser Groh, 2014). The business person likewise goes out on a limb on the greater part of the dangers and prizes of the business. Capital is comprised of the majority of tools and hardware used to create a goods and services. As opined by Mitra (2013), the factors of production are of two types namely fixed and variable factors of production. A fixed variable is one, whose amount cannot promptly be changed with the changes in yield or economic situations. Its amount continues as before, whether the level of yield is more or less zero. Buildings, hardware, land, plants and top administration are the fixed variables of Puravankara Projects Limited. A variable element, on the other hand, is one whose amount might be changed in light of an adjustment in yield. Raw materials, power, ordinary labour, fuel are examples of variable factors of the organisation (Thomas, 2015). There is a need of variable factors in larger quantity, when output is more. On the other had it is required less, when output is less or zero. It is vital for organisation to see how their different costs react to changes in the volume of goods and services produced. The breakdown of an organization's fundamental costs decides the profit value level for its items or services, and also various parts of its general business strategies. An independent company proprietor can utilize an information of fixed and variable costs to decide the organization's breakeven point (the quantity of units or dollars at which total revenue is equal to aggregate costs, so the organization earns back the original investment), and in settling on choices identified with evaluating products and services. As compared to the fixed cost, the variable cost for production in Puravankara is likely to be fluctuating in nature. Further, it is noted that the real estate firm tends to work towards achieving a perfect condition of economies of scale, thereby enhancing lower per unit costs die to bulk purchases, manufacturing and discounts. With a fulfilment of targets and lowering unit costs, the Puravankara`s optimal size is expected to be large. Macro Business Environment Puravankara Projects Limited like every other real estate firms is impacted by the changing macro environment conditions. In addition to political and economical factors, the organization is greatly affected by the instable conditions. Among the various elements, the instability in the nation`s legislation tends to greatly affect performance of the enterprise. Further, along with affecting demand rates, the government has a direct impact on prices and functioning of the firm (Viswanathan et al., 2014). It is noted that taxonomy structures, rigid rules, regulations, standardization and subsidies tend to put a pressure on potentiality of the corporation. Also, with a differentiation among the industry, the government tends to outlook every characteristic in a segregated manner. The political aspect tends to have a medium or low stability feature in India. On the other hand, the economical market of the nation tends to have a strong impact on Puravankara. The policies of RBI, GDP rates, change in foreign exchange rates, land valuation and various other similar elements put a pressure on the business performance. It is noted that the 7.5% ($ 1,498.87) GDP growth, 5.88% CPI inflation and the high potential of the country shapes performance of the firm. Moreover, the 9.4% rise of unemployment rates also tends to affect the job and staffing structure of the firm. According to Chatterjee (2015), a change in the job opportunities is likely to shape the functionality of the industry as a whole. Based on the economical statistics of the RBI it can be seen that the average interest rate of India maintains its position at 6.5% (2016) and is expected to rise in the near future. It is noted that the growth of numerical figures have led lead to a consequent economic boom in the nation, which further will have a impact on the real estate company (Da s Sharma, 2013). Concerning the exchange rates of the nation, US $1 = INR 68.16, thereby impacting foreign business exchange of Puravankara. Reviewing the macro environmental conditions prevailing in India, the following can be concluded: Puravankara`s goods and services tend to be normal in nature. Hence, unlike inferior commodities, demand for the products provided is expected to rise with a rise in income level. However, with a nature of one time investment, real estate goods are the most expensive that people might buy in their lifetime. On the other hand, with a change in the external condition to the industry, the organization will be confronted with consequent problems. In addition to a fall in demand or supply levels, the brand might be confronted with labour shortages, non-utilization of resources, currency rates downfall, and many other negativities. A change in the exchange rate might provide Puravankara with a multi dimensional condition. In case of exports to the foreign land, a rise of currency values will ensure a higher level of profits. While, on the other hand, it might lead to drain of capital from the firm in case of imports. Sustainability Factors of the Business According to Sharp (2013), the production process of Puravankara creates negative externalities. In order to carry out the production process the company often tends to utilize harmful chemicals like chlorine and sulphur-based items which, if discharged into the atmosphere, are exceptionally hurtful to biological communities. These are the external cost of production that Puravankara bears. It is noted that with no government intervention, the company would just be worried about their private expenses of generation (MPC). In this way, the firm would deliver where their MPC bend meets the minimal social advantage (MSB) bend at amount Q1 and value P1. In any case, the association's private expenses do exclude the social expenses of creation (MSC) of contamination portrayed previously. In the event that the firm creating a situation of MSC = MSB (Pareto optimality/socially effective level of yield), then they would deliver amount Q* at value P*. This is not happening in the free market, and this negative externality of generation is shown by the separation amongst MPC and MSC (purple bolt). The red triangles speak to the welfare misfortune to society (where MSC MSB). In order to mitigate the issues created due to negative externality, the government imposes a pigouvian tax rate on the company. The consumption of goods creates positive externalities as the consumption of goods increases the utility of the consumers. The consumers are able to meet their demand and thereby satisfy their consumption needs. The viability of the business is measured by its long term survival, and its capacity to have supportable benefits over a timeframe. An organization that has a positive market reputation has a developed competitive advantage over its rivals. Puravankara managers understand the significance of putting resources into preventive support to keep gear in great working order (Annual Reports., 2017). Sustainability practices can enhance financial returns and create a positive picture for organizations and their products. It is noted that true supportability initiatives in the organization along with contributing towards fulfilling legislative and ecological requirements, also tends to identify buyer request with higher maintaining capability. Conclusion In the above study, the business environment of Puravankara Project Limited has been studied. Analyzing the various aspects of the project it can be concluded that the organization has high level profits and a stable business environment. However, the company has a number of rival companies that increases the market and sustainability threat. Concerning factors of production, the business have both fixed as well as variable assets and factor of production. Additionally, with a lower per unit cost, the optimal size of Puravankara is significantly large. Reviewing, the externalities, it can be inferred that the brand economically and politically stable in the market. Lastly, the sustainability practices of the enterprise contribute towards achieving long term business viability and an increased level of competitive advantage as well. References Annual Reports. (2017).Puravankara.com. Retrieved 9 January 2017, from https://www.puravankara.com/pages/Annual_Reports Chatterjee, S. (2015). An economic analysis of foreign direct investment in India. Crowe, C., DellAriccia, G., Igan, D., Rabanal, P. (2013). How to deal with real estate booms: Lessons from country experiences.Journal of Financial Stability,9(3), 300-319. Das, P., Sharma, D. (2013).Real Estate Finance in India. SAGE Publications India. Glaeser, E. L. (2016).Real Estate Bubbles and Urban Development(No. w22997). National Bureau of Economic Research. Lieser, K., Groh, A. P. (2014). The determinants of international commercial real estate investment.The Journal of Real Estate Finance and Economics,48(4), 611-659. Mitra, A. (2013). E-commerce in India-A Review.International Journal of Marketing, Financial Services Management Research,2(2), 126-132. Rouanet, H., Halbert, L. (2016). Leveraging finance capital: Urban change and self-empowerment of real estate developers in India.Urban Studies,53(7), 1401-1423. Searle, L. G. (2014). Conflict and commensuration: contested market making in India's private real estate development sector.International Journal of Urban and Regional Research,38(1), 60-78. Searle, L. G. (2016).Landscapes of accumulation: Real estate and the neoliberal imagination in contemporary India. University of Chicago Press. Sharp, D. (2013). Risks ahead: the transformation of the corporate real estate function.Journal of Corporate Real Estate,15(3/4), 231-243. Shatkin, G. (2016). The real estate turn in policy and planning: Land monetization and the political economy of peri-urbanization in Asia.Cities,53, 141-149. Squires, G., Heurkens, E. (2014).International Approaches to Real Estate Development. Routledge. Srinivasan, R. (2016). Organising the unorganised: Role of platform intermediaries in the Indian real estate market.IIMB Management Review. Thomas, J. J. (2015). Indias Labour Market during the 2000s.Labour, Employment and Economic Growth: The Indian Experience, 21. Top Real Estate and Project Developers | Puravankara. (2017).Puravankara.com. Retrieved 9 January 2017, from https://www.puravankara.com/pages/CompanyProfile Vishwakarma, V. K. (2013). Is there a periodically collapsing bubble in the Indian real estate market?.Journal of Applied Business Research,29(1), 167. Viswanathan, M., Jung, K., Venugopal, S., Minefee, I., Jung, I. W. (2014). Subsistence and sustainability from micro-level behavioral insights to macro-level implications on consumption, conservation, and the environment.Journal of Macromarketing,34(1), 8-27.