Stem Cell Research Legislation Essay Example | Topics and Well Written Essays - 1250 words

Stem Cell Research Legislation - Essay Example The Stem Cell Research Enhancement Act, aside from its ability to establish potential information for the benefit of the Americans, was hoping from the start to receive financial support from the government, and consensus votes among the legislators in both Congress and Senate (US Congress, 2010, p.9967). However, the Congressional Bill, Stem Cell Research Enhancement Act, vetoed by Bush administration, was highlighting scientific progress which would be under constraint through living up to ethical responsibilities (Rimmer, 2008, p.258). Under this point, stem cell research has difficulty finding funding support from the Federal Government, which leads to varying scrutiny from the point of view of the scientific community. Recently, the stem cell research is heading forward to human embryonic stem cells by viable preimplantation embryos through in vitro fertilization. However, it is not only in the US this substantially receives rejection leading to highly controlled legislative reg ulation, but including in some European countries like Austria, Germany, Ireland, Italy, Lithuania, Norway, Poland, and Slovakia, primarily due to controversial ethical concerns associated with it (Atala, Lanza, Thomson & Nerem, 2010, p.215). However, some countries especially India, Israel, Singapore, China, Australia, Italy, Sweden, United Kingdom and other European countries have already implemented liberal and research-favorable regulatory policies associated with stem cell research (James, 2009, p.6). Unlike the US which is currently struggling to draft regulatory policies, these countries are remarkably looking forward to investigate and know more about the health benefits and great promises of stem cell technology for the humanity. Understanding this will eventually lead someone to think the prevailing legislative state of affairs going on in the US with stem cell research. In addition, some concern on this issue would be in line with knowing where the law on stem cells in th e US is heading in the future considering its highly conservative effort on this matter. As already stated, the prevailing state of affairs concerning stem cell research in the US is quite politically motivated from the point of view of scientific community. However, the federal government on the other hand just like with the stand of Bush administration, would want to emphasize the great influence of science and technology on the humanity together with its huge ethical concerns. In line with this concern, the Obama administration is also considering substantial restriction concerning legislative regulation for stem cells technology and research (Atala, Lanza, Thomson & Nerem, 2010, p.215). From the stand point of scientific community, the restrictions on legislative regulation hinder stem cells researchers to optimize better understanding on stem cells’ potential advantage for the humanity. However, it is clear that the law on stem cells in the US is heading to major progres sion. Just this year, Texas Board approves rules on use of stem cells (Park, 2012). However, there is a great controversy that proliferates upon the emancipation of this ruling. The rules include the use of adult stem cells. However, the great issue of concern at this point is on the safety of using adult stem cells, which at this point has not yet been proven feasible and safe (Park, 2012). So the real issue has

Strategic Retail Management in Competitive Environment Essay

Strategic Retail Management in Competitive Environment - Essay Example Perception of many people from brand name has moved towards product quality cost and service delivered (Experian, 2011). This has motivated several new retailers to enter into the already competitive market. This has raised survival issues for many new and old retailers, and demands for new strategies and activities to sustain their position in the market (Experian, 2011). The culture of buying has shifted largely towards online viewing and ordering. People visiting the store are easy to urge towards company’s product, and they are the ones who gives the company greater revenue than the online buyers (Experian, 2011). However, this ratio has also taken a 180 degree change in many of the top retail stores, including the ones discuss in this paper, where online buyers makes around 80% of the total income of the company (Experian, 2011). 1. Competitive Environment of UK Retail Industry The retail sector of UK is the only largest private recruiter because it employs around three m illion people. This sector covers a prominent percentage of employment in UK because more than half of the UK population work part time in retail stores. The retail industry of UK is immensely supportive for the economy of the region as it generates abundance of revenue to sustain the economical position of UK. Therefore, the in order to evaluate the environment of this sector Porter’s five forces analysis and PEST analysis of the industry are being done (Obitz, 2009). Porter’s Five Forces Analysis of UK Luxury Retail Sector The analysis of the retail industry of UK is significant for accomplishing the purpose of the paper. Therefore, when it comes to analyze the competitive environment of any industry, Porter’s Five Forces Model appears covering all the areas required for evaluating a competitive environment. i. Threats of Substitute The threat for substitute products in the luxury retail market of UK is quite low as non-food items sold by luxury retailers do n ot have major substitutes. This is due to the fact that buyers purchase luxury items as a result of their perceived luxury associated with their purchases and therefore they do not substitute these products. The threat of substitute is not apparent and the actual threat is only limited to the pricing offered by different retailers for similar products (Nwankwo & Gbadamosi, 2011). ii. Threats of New Entrants In the luxury retail side of the market, there are lower threats of the new entrants in the industry. This is due to the high level of barriers for developing brand and then high level of investment is required for developing brand recognition and its positioning in the luxury brand market. It is difficult for new market entrants to offer product differentiation in the cloth retailing and also change buyers’ attitude which keeps them loyal to already existing luxury brands. Moreover, it has been noted in the luxury retail market that existing brands place barriers for the new entrants by increasing their marketing activities and also undertaking other initiatives that could