SBANC Newsletter - October 21st, 2014

Page 1

CI

ICM

IBFR

USASBE

ASBBS

JAABC

Who: The Clute Institute

When: January 4-8, 2015

What: 2015 Intl. Business Conference

Where: Maui, Hawaii, USA

Who: International Conference on Marketing

When: January 9-10, 2015

What: ICM - 2015

Deadline: December 3, 2014

Where: Chennai, India Deadline: November 30, 2014

Who: IBFR

When: January 4-7, 2015

What: Winter Global Conference on Business and Finance

Where: Las Vegas, Nevada, USA

Who: USASBE

When: January 22-25, 2015

What: 2015 USASBE Roundtable Session Proposals

Where: Tampa, FL, USA

Deadline: November 10, 2014

Deadline: November 5th, 2014

Who: American Society of Business When: February 19-22, 2015 and Behavioral Sciences Where: Las Vegas, NV, USA What: ASBBS 22nd Annual Deadline: November 7, 2014 Conference Who: JAABC

When: December 11-14, 2015

What: 2014 The Finance, Economics, MIS, & Global Business Research Conference

Where: Miami, Florida, USA Deadline: November 25th, 2014


ICAM

Who: AACSM Intl.

Where: Tampa, FL, USA

What: ICAM - 2015

Deadline: March 15, 2015

When: April 26-28, 2015

NASBITE

Who: NASBITE International

When: April 13-17, 2015

What: 28th Annual Conference

Where: St. Louis, MO, USA Deadline: November 30, 2014

TI

Who: The Image

When: October 29-30, 2015

What: 6th Intl. Conf. on the Image

Where: Berkeley, CA, USA Deadline: November 6, 2014

IABE

Who: Intl. Academy of Business and Economics What: IABE 2015 Conference

ACPI

EJEM

When: June 18-20, 2015 Where: Rome, Italy

Deadline: April 10, 2015

Who: ACPI

When: June 18-19, 2015

What: 15th European Conf. on Govt

Where: Portsmouth, UK

Who: European Journal of Economics and Management

Deadline: November 27, 2014

Where: London, England Deadline: November 1, 2014

What: Volume 1, Issue 2

ECEG

AABRI

Who: University of Portsmouth

When: June 18-19, 2015

What: 15th European Conference on eGovernment

Where: Portsmouth, UK

Who: Academic and Business Research institute

When: January 1-3, 2015

What: AABRI Intl. Conference

AF

Deadline: November 27, 2014

Where: Orlando, FL, U.S.A. Deadline: December 5, 2014

Who: GSTF

When: May 18-19, 2015

What: 5th Annual Intl. Conference on Accounting and Finance

Where: Singapore


SBANC

UCA

UCA

The Small Business Advancement National Center aims at increasing your knowledge of small business and entrepreneurship. All questions and comments are greatly appreciated.

The Department of Marketing and Management at the University of Central Arkansas invites application for a tenure-track position in Innovation & Entrepreneurship beginning Fall 2015. The appointment is at the Assistant Professor level.

The Department of Marketing and Management at the University of Central Arkansas invites applicants for the position of Executive in Residence, beginning January 2015.

JSBS

The Small Business Institute is seeking a Sponsor for the Journal of Small Business Strategy. The SBI seeks an academic institution as a Sponsor to provide all editorial and production services required to maintain the academic integrity of the JSBS efficiently and effectively.

GSTF

The Global Science and Technology Forum is publishing it’s Vol. 3 No. 4 Journal and is encouraging the submission of research papers for review and publication. The submission deadline has been extended to October 31, 2014.

GAM

ECRM

The European Scientific Institute and Jawaharlal Nehru University in New Delhi, India, is having its 2nd Global Academic Meeting from April 1-4, 2015. The deadline for papers is March 1, 2015.

The University of Malta is having its 14th European Conference on Research Methodology for Business and Management Studies June 1112, 2015, on its campus in Valetta, Malta, and is accepting paper submissions. The deadline is November 20, 2014.


Tip

of the Week

“Engel’s laws can help marketers target markets at all income levels. ” Segmenting By Income And Expenditure Patterns Part of the earlier definition of market described people with purchasing power. Not surprisingly, then, a common basis for segmenting the consumer market is income. Marketers often target geographic areas known for the high incomes of their residents. Or they might consider age or household type when determining potential buying power.

for bargains at the supermarket. One other recent finding splits the food dollar according to meals cooked and eaten at home versus meals eaten out at restaurants. Over the years, the proportion of food U.S. consumers ate away from home gradually increased, to nearly half their food dollar. However, with the belt-tightening that accompanies an economic downturn, the restaurant industry has seen a Engel’s Laws sustained dip in sales. Currently, U.S. consumers How do expenditure patters vary with income? Over reportedly spend about 30 percent of their food dola century ago, Ernst Engel, a German statistician, lar on meals eaten away from home. published what became known as Engel’s laws — The second law remains partly accurate. However, three general statements based on his studies of the the percentage of fixed expenditures for housing impact of household income changes on consumer and household operations has increased over the spending behavior. According to Engel, as housepast 30 years. And the percentage of spent on hold income increases, the following will take place: clothing rises with increased income. Also expendi1. A smaller percentage of expenditures goes for tures may vary from region to region. In general, food. residents of the Northeast and West spend more on 2. The percentage spent on housing, household housing than people who live in the Midwest and South. operations, and clothing remains constant. The percentage spent on other items (such as The third law remains true, with the exception of medical and personal-care costs, which appear to recreation and education) increases. decline as a percentage of increased income. Are Engel’s laws still valid? Recent studies say yes, Engel’s laws can help marketers target markets at with a few exceptions. Researchers not a steady all income levels. Regardless of the economic envidecline in the percentage of total income spent on food, beverages, and tobacco as income increases. ronment, consumers still buy luxury goods and serAlthough high-income families spend greater abso- vices. One reason is some companies now offer their luxury products at different price levels. Merlute amounts on food items, their purchases reprecedes-Benz has its lower-priced C-class models, sent declining percentages of their total expendiwhile Tiffany sells a $125 sterling silver heart pentures compared with food expenditures of lowincome families. In addition, the overall percentage dant with chain. Both of these firms continue to offer their higher-priced items but have broadened their of income spent on food has declined over the last market by serving other consumers. century. But as food prices become inflated, consumers change how they shop — they may spend the same to buy fewer items, spend more to buy the same items, or try to spend less and buy as many items as possible within the new budget. Marketers note that consumers are more selective, on the alert 3.


Road Warriors and Information Systems Security This paper was written by Charlotte A. Allen and Warren W. Fisher from Stephen F. Austin State University.

Information systems are threatened by “road warriors’ and other employees whose computer and other electronic devices are used outside the organization. Devices can be lost, compromised, or misused; communications can be intercepted and organizational systems can be penetrated, especially when the compromised devices are brought back inside the organization. The increasing use of “cloud computing” and “BYOD” (Bring your own device) add to those risks. (pg. 25) Read Entire Paper Here

Executive Director Dr. Don B. Bradley III

Development Intern Daniel Champion Marissa Sides

The Small Business Advancement National has recently made immense changes to the layout of its website, SBAER.UCA.EDU, as well as its Newsletter. We welcome constructive criticism, comments, and of course, all questions throughout this transition.

Email: SBANC@UCA.EDU Phone: 1 (501) 450-5300 Mail:

UCA Box 5018 Allied Academics

Contemporary Marketing

2014 International Internet Confer-

Boone & Kurtz

ence Proceedings Charlotte A. Allen and Warren W. Fisher

201 Donaghey Avenue Conway, AR 72035-0001

CENGAGE LEARNING Page 288-289

Page 25

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