The Experience Economy Essay Example | Topics and Well Written Essays - 1500 words

The Experience Economy - Essay Example The importance of themes can be seen in the success that businesses that have identified a right theme for their business activity have attained. It is this right theme that gives customers something to associate with the business activities of the business enterprise. Very common examples of this are eateries that have identified a theme and built their business activities around such a theme. Customers coming to such eateries attracted by the theme put out like Hard Rock Cafà © or the House of Blues and continue coming there because the experiences there have appealed to all the five senses of sight, hearing, touch, smell and taste. Chapter One on â€Å"Welcome to the Experience Economy† attempts to convey the message or argument that experiences are a clear and distinct economic offering and provides the means for future economic growth against stagnation since the agrarian economy and the scale economy of industrialization. The book starts with these words â€Å"Commoditized. No company wants that word applied to its goods or services†. (p.1). However, that is exactly what has happened. With the sole concentration on price there is hardly any differentiation between products and services and so margins crash. Coffee is a true commodity. Yet, it also offers to be a commodity, good, or service depending on the how customers can be made to attribute value to it. Sold as coffee beans it remains a commodity, but as coffee powder it becomes a good. However, sold in a restaurant the value of ambience lifts the value of a cup of coffee sold and provides a sensation of experience to the cup of coffee thr ough teasing the senses, through theatre experience or the like and thus the value of the cup of coffee rises even further. This is the economic offering that experience offers and the basis of the experience economy of the authors. In Chapter Two on â€Å"Setting the Stage† the authors try to reinforce this message by taking and demonstrating with examples

Pa. Landlord Tenant Act of 1951 Essay Example | Topics and Well Written Essays - 3000 words

Pa. Landlord Tenant Act of 1951 - Essay Example Nor is a lease simply a right to occupy premises in many situations, the tenant is entitled, by contract or statute, to receive a package of services from the landlord, such as the right to have the property well maintained and heated. For landlords, although the lease generally serves to be a source of wealth, there may be other considerations that influence the landlord's behavior such as good management practices, whether for welfares or commercial motives, some landlords may be more ruthless in their treatment of tenants, seeking to maximize profit and minimize management costs. In some situations the law has, therefore, had to intervene to promote minimum standards of behavior and to protect tenants from exploitation and eviction. Long leases have been used for selling both houses and flats. Historically, long leasehold sales were used for housing developments, originally under the building lease system and more recently by landlords with a long-term perspective on investment. Since the 1950s it has been increasingly common for flats to be purpose-built for sale on long leases and for existing buildings to be converted into flats. (Bright, 1995) Blocks built for rental in earlier times have been broken up for long leasehold sales and many of these buildings now contain flats of mixed tenure, some rental and some long leasehold. Typically, leases are granted for terms of 99 years, sometimes 999 years and sold at a substantial premium, with a low ground rent being reserved. The major reason why these flats are sold on a leasehold, rather than freehold, basis is due to the problems of enforcing freehold covenants. Sometimes leases have clauses and terms in them that cannot be enforced. For example, you cannot legally sign away your right to a decent place to live. The tenant cannot be made responsible for all repairs or repairs that cost under a certain amount of money. According to the Pennsylvania Supreme Court in Pugh v. Holmes, the landlord must maintain everything for which the tenant is paying rent. Similarly, the tenant cannot be made to take a house or an apartment as is.Regardless of any agreement you make with the landlord, it is the landlord's responsibility to keep the property up to Housing Code Standards. (lease, 2006a) Fixed Term lease This is a lease for a fixed period of time 'for five months', or 'for 99 years'. It does not matter that the lease might be brought to an end before the expiry of the fixed term; for example, where the landlord has the right to forfeit the lease if the tenant fails to pay rent, or if the tenant has the benefit of a 'break clause' by which he is given the right in a 25year lease to break it at the end of five years. Nor does the fixed term have to be a single continuous period. As there is no need for the lease to be 'in possession', it is possible to have 'reversionary leases' that take effect at a future date. By the Law of Property Act 1925, s 149 (3) however, it must take effect within 21 years otherwise it is void. The fixed term will automatically end when the term finishes and there is no need to serve any notice to end the lease. Periodic Tenancies A periodic tenancy is one, which is for a period, and