Free Essay

Miller International

In: Business and Management

Submitted By ladiekat
Words 1980
Pages 8
Miller International, Inc.

Strategy Recommendation

* I’ve chosen to focus my strategy recommendation on Miller International, Inc. I’m particular interested in this company due to the fact that, I, myself am a consumer of their products, particularly their Cruel Girl brand. This brand is crafted for woman and girls. And being a country girl, there is nothing better than a good pair of jeans. Miller International, Inc. is a Denver, Co based manufacturer and marketer of apparels that was formed in 1918. It owns and distributes major premium clothing brands such as Cinch, Cruel Girl, and Rockies. These brands offer high-quality jeans and other western wear for men, women, and children. Over the years this company has evolved to keep up with the ever-changing needs of their customer base. Phillip Miller, the founder, started as a door to door hat salesman. When the need arose, he expanded to a catalog company. With the emergence of retail stores, in 1950, he opened his first brick and mortar store. And now, as back then, the Miller International, Inc. company is continuing to provide their customers with the product and accessibility they require. So in these days of cutting edge technology, they are proving to remain amongst the leading western wear retailers with e-commerce websites and through social media.
One of Miller International, Inc.’s major competitors in the western wear industry is Wrangler. Wrangler has been around since 1904. They also target a style that is mostly associated with a western-style. The Wrangler brand targets men, women, and children around the world and with their product being sold in 1 of every 5 pairs of jeans that are purchased. Wrangler, as most other retailers, offer an e-commerce website to allow purchasing of products online. The Wrangler site incorporates a lot of dynamic visual elements, as it is important for any kind of business to have effective visual elements involved both in a brick-and-mortar and e-commerce. Visual effects are pleasing to look at and therefore create a more positive buying experience. These elements make the shopper happy and therefore they will purchase more items, and with that being said, this has proven to be very profitable for Wrangler.
Current Usage A. Internet
As mentioned earlier, Miller International, Inc. currently hosts a webpage. On this site they provide various items. They have general company information, as well the background of how they got their start. Other items found on this main site is media and press releases. In some of these press releases they furnish information such as rodeo standings and awarded scholarship recipients. Another feature of this webpage is that it is a login site for their retailers. From this site retailers are able to view items for purchase to display in their physical locations. The main site also provides links to their various brands webpages. Once on the individual webpages, you’ll notice that these are their e-commerce sites for that particular brand. Since customers enjoy online shopping because of its convenience, selections, and competitive pricing, Miller International, Inc. take advantage of this higher profit margin means of sales (Jarvenpaa & Todd, 1997). B. Social Media
Social media refers to interaction among people in which they create, share, and/or exchange information and ideas in virtual communities and networks. It has become a wildy popular form of communication and connectivity. A few of the more popular sites include Facebook, Twitter, and Youtube. Currently, Milller International, Inc. has a presence on the social media scene. Each brand hosts their own individual Facebook and Twitter accounts. For content contributors, such as Miller International, Inc., the benefits of participating in social media have gone beyond simply social sharing to building reputation and bringing in career opportunities and monetary income, as discussed in Tang, Gu, and Whinston (2012).
SWOT Analysis A. Strengths
Social media is now used as a form of advertising. According to Tang, Gu, and Whinston (2012), the advantages of using social media include lower costs and more frequent interaction with customers. It’s a much less expensive alternative print ads and television commercials. The brands of Miller International, Inc. are able to put out photos of their current line of clothing to peak their customer’s interests. And with sites such as Facebook, Miller International, Inc. brands are able to attach links back to their webpage for online sales of those items. Social media also helps you reach new and existing customers, alike, remind them to come back, and share as easy as pressing a “Like” button. B. Weaknesses
Although there are a number of positive effects of social media, there are also negative effects as well. According to Gottesman and Robinson (n.d.), one weakness posed by social media is that companies have no way of controlling the information that gets disseminated. Most social media sites do not allow companies to delete comments, posts or other information being publicly posted. Users of social media are free to post information not verified by the company, regardless of its validity. C. Opportunities
There are many opportunities created by social media for retailers like Miller International, Inc. One of these opportunities come by allowing the retailer to engage with their customer base. Being able to correspond with you customers allows for sharing of ideas and receipt of customer suggestions. Social media outlets allow Miller International Inc. to find out the latest trends and what their average customer thinks (Brin, 2011). Retailers are able to get constant feedback from their customers, which is a great tool to determine what to do in their upcoming retail season. D. Threats
According to Higuera (n.d.), new methods of social media can make customers search for products rather than hear about them from different traditional methods such as, such as newsletters, billboards, flyers and newspaper print ads. These particular actions pose a threat to companies like Miller International, Inc., as this can lead to those customers to come across competitors which can cause them to purchase from another retailer and eventually forget about you. Another threat they must also be certain to avoid is false advertising and claiming responsibility of any mistakes or mishaps that are results of their online marketing campaigns (Neher, Barker, M., Barker, D. & Bormann, 2013).
Ethical Aspects A. Dishonesty and Distortions
The internet is not a resource that retailers can ignore, but is it friend or foe? On one hand, the internet enables retail businesses to promote brand awareness through easier channels than just through their physical stores. But, when talking about the benefits of the internet, it’s important to consider that since information spreads quicker than other media sources, that certain statements or news that might be inaccurate or false will spread just as quickly. Social media intends to be a transparent form of communication, but erroneous claims or untruthful comments can jeopardize the long-term reputation of a company with an unmanageable number of message recipients. B. Invasion of Privacy
When things unwittingly encroach on the privacy of social networking participants, it should be deemed unethical if it can possibly harm an individual’s personal and professional credibility. This includes any and all unauthorized actions taken by marketers to reveal profile information as well as the sharing of sensitive personal information through channels that could exploit or otherwise damage an individual. Behavioral targeting is a perfect example which puts social media ethics into question. Advertisers are able to record the online retailers you make purchases from and browse from “click-through” ads. But according to Vinjamuri (n.d.), even when these breaches are unintentional and not malicious, they scare consumers away.
A. Allow Retailers to Order Products for Stores Online
Majority of B2B procurers would opt for a supplier that offers an online ordering option over an equal supplier that only offers print catalog ordering. As of right now, retailers of Miller International, Inc. brands products are not able to order product for their stores online. Retailers are able to view the current catalog online, but must place their order via, fax, phone or email. Creating an online portal to accept orders from retailers will be much for efficient for both parties involved. B. Poll Facebook Followers for Ideas
As stated earlier, customer participation is a great way to gain insight on the needs and wants of your customer base. Miller International, Inc. should use Facebook’s Questions feature to poll their fans for their opinions on new designs. This will give the company to sort of get an idea of what items will be top sellers and what items they should limit production of. C. Provide More Social Media Fan Contests/Events
Miller International, Inc. can post events for their fans to show appreciation to their customers for their loyalty and participation on their social media sites. Also they can make a contests and reward those who referred their page to most people. As a reward Miller International, Inc. can offer some coupons or rebates on for their online shopping sites. They can also run “fans only” contests, so more people tend to join and like their page.
In conclusion, based on the fact that the world is ever changing, it is imperative for retail companies to acclimate to these changes and use the Internet as a means to expand their businesses. However, the constant exposure can sometimes be a ruin when information is publicized incorrectly. Also within a company, the people who usually monitor social media channels, aren’t the same people who make decisions about the direction of the company. So lots of valid ideas and thoughts through social media are often never heard or considered. To completely gain leverage from social media sites, a system needs to be put in place to make sure the ideas coming from consumers over Facebook and Twitter are passed along to the appropriate decision-makers. Proper communication is essential in order for feedback to be effective. Also, once consumers recognize their ideas are being used, they’ll be more apt to dole out other suggestions. The best thing about the emergence of the internet and social media is that it’s a wide open forum for trying new things and connecting in ways never thought possible. Much like everything else, there is always be positive and negative factors that businesses will have to keep an eye out for, but with the boom of retail businesses, if they cannot figure out how to navigate the use the internet as a method of expansion, they will more than likely fail against other retail businesses that are already have online strategies. I feel the above listed recommendations will greatly aid Miller International, Inc in the future uses of the internet and social media, bringing in more clientele, money, and loyalty among their current consumers. *


Jarvenpaa, S. L., & Todd, P. A. (1997). Consumer Reactions to Electronic Shopping on the World Wide Web. International Journal of Electronic Commerce, 1, 59–88.
Tang, Q. and Gu, B. and Whinston, A. B. (2012). Content Contribution for Revenue Sharing and Reputation in Social Media: A Dynamic Structural Model. Journal of Management Information Systems, Vol. 29, No. 2, pp. 41-76.
Robinson, K. & Gottesman, R. (n.d.). The Emerging Risks of Social Media. The Institute of Internal Auditors, pp. 17-18.
Brin, D. (2011). Social Media Presents Opportunities, Dilemmas for Retailers. USA Today. Higuera, V. (n.d.). Advantages and Disadvantages of Traditional Marketing. The Houston Chronicle.
Neher, K., Barker, M. S., Barker, D. I., Bormann, N. F. (2013). Social Media Marketing: A Strategic Approach (1st Ed. ed.). Mason, OH: South-Western Cengage Learning. pp. 76–78.
Vinjamuri, D. (n.d.). Ethics and the Five Deadly Sins of Social Media. Retrieved April 2, 2015, from…...

Similar Documents

Free Essay

A Brief Chronology of Arthur Miller

...A BRIEF CHRONOLOGY OF ARTHUR MILLER'S LIFE AND WORKS [This chronology has been compiled and crosschecked against a number of sources, however, a special acknowledgement should be made to the thorough "Literary Chronology" and appendices printed in The Theater Essays of Arthur Miller, eds. Robert A. Martin and Steven R. Centola.] 1915 Arthur Aster Miller was born on October 17th in New York City; family lives at 45 West 110th Street. 1920-28 Attends Public School #24 in Harlem. 1923 Sees first play--a melodrama at the Schubert Theater. 1928 Bar-mitzvah at the Avenue M temple. Father's business struggling and family move to Brooklyn. Attends James Madison HIgh School. 1930 Reassigned to the newly built Abraham Lincoln High School. Plays on football team. 1931 Delivery boy for local bakery before school, and works for father's business over summer vacation. 1933 Graduates from Abraham Lincoln High School. Registers for night school at City College, but quits after two weeks. 1933-34 Clerked in an auto-parts warehouse, where he was the only Jew employed and had his first real, personal experiences of American anti-semitism. 1934 Enters University of Michigan in the Fall to study journalism. Reporter and night editor on student paper, The Michigan Daily. 1936 Writes No Villain in six days and receives Hopwood Award in Drama. Transfers to an English major. 1937 Takes playwrighting class with Professor Kenneth T. Rowe. Rewrite of No Villain, titled, They Too......

Words: 2370 - Pages: 10

Premium Essay

Herman Miller

...Introduction Herman Miller, Inc. is primarily concentrated in the business and institutional market. Herman Miller is one of the leading players in the US office furniture industry with a 12% market share. Over the last several years, the entire industry has experienced significant declines in sales due to poor macroeconomic conditions. However, Herman Miller has managed to outperform most of its competitors in terms of profitability, illustrated through strong operating margins and return on sales. Herman Miller has a strong reputation for high quality, innovative products, strong customer service, high customization, and reliability. This strong brand equity enables the company to leverage its brand strength across different market segments, leading to extended customer reach. We have analyzed the company and the industry, and we have chosen the best strategy to expand customer reach, expand Herman Miller’s healthcare market, and increase sales revenue. We have chosen a three-year implementation plan that will bolster sales revenue in the healthcare industry and expand the company’s customer base. Industry Analysis As part of our analysis of Herman Miller, we have analyzed the five forces that affect the office furniture and healthcare industries. The five forces include competitive rivalry, threat of new entrants, threat of substitutes, bargaining power of suppliers and bargaining power of buyers. Competitive Rivalry Herman Miller operates in a highly......

Words: 1147 - Pages: 5

Free Essay

Arthur Miller

...ARTHUR MILLER Arthur Asher Miller (October 17, 1915 – February 10, 2005) was an American playwright and essayist. He was a prominent figure in American theatre, writing dramas that include plays such as All My Sons (1947), Death of a Salesman (1949), The Crucible (1953) and A View from the Bridge (1955) Arthur Miller's Childhood: His father was a productive shop-keeper and clothing manufacturer, until the Great Depression dried up virtually all business opportunities. Yet, despite being faced with poverty, Miller made the best of his childhood. He was a very active young man, in love with such sports as football and baseball. College Bound: In 1934, Miller left the east coast to attend the University of Michigan. He was accepted into their school of journalism. His experiences during the depression made him skeptical towards religion. Politically, he began leaning towards the "Left." And since the theater was the cutting edge way for socio-economic liberals to express their views, he decided to enter the Hopwood Drama competition. His first play, No Villain, received an award from the University. It was an impressive beginning for the young playwright: he had never studied plays or playwriting, and he had written his script in just five days! Broadway Bound: After graduation, he continued writing plays. During World War II, his writing career gradually became more successful. In 1940 he crafted The Man Who Had All the Luck. It arrived on Broadway in 1944,......

Words: 515 - Pages: 3

Free Essay

Jason Miller

...Jason (born John) Miller was the only child of John Miller, an electrician, and Mary Claire Miller, a special education teacher. When Jason was still an infant, the family moved from New York to Scranton, Pennsylvania. His education was exclusively Catholic. Following parochial school, he attended St. Patrick’s High School, where he came under the strong influence of Sister Celine, a nun of the Immaculate Heart of Mary, who taught Jason public speaking, debating, and rhetoric. Years later he told an interviewer, “She gave me encouragement at a time when I might have stolen cars.” Miller went to the Jesuit University of Scranton on an athletic scholarship and earned his B.A. in 1961. While in college, he garnered a first-place prize in a Jesuit Play Contest for his one-act piece titled The Winners, his first playwriting effort. He then went to graduate school at the Catholic University of America in Washington, D.C., in 1962 to 1963 and, in spite of his absenteeism and breaking of rules, earned his master’s degree. In 1963, Miller married Linda Gleason, a fellow Catholic University drama student and daughter of comedian Jackie Gleason. The Millers moved to Flushing and Neponsit, Queens, in New York City. They had three children before their divorce in 1973. Afterward, Miller moved to Upper Saddle River, New Jersey. At one point, he married model Ruth Josem. He also fathered a fourth child with girlfriend Susan Bernard. In New York, Miller had found occasional work in......

Words: 1135 - Pages: 5

Free Essay


...Manufacturing Company Case Study #1 Elite Manufacturing Company 1.) 1st Quarter               2nd Quarter       3rd Quarter         4th Quarter   Average 385711 | 314931 | 334035 | 369290 | 350992 | 2.)   1st Quarter                 2nd Quarter     3rd Quarter           4th Quarter   Average 799132 | 639407 | 683037 | 746491 | 717016 | 3.) Baumol Model assumes that the cash inflow is constant. Both equations find the optimal cash balance, but the Miller-Orr model goes a step further and finds the average cash balance. Miller-Orr gives a more accurate depiction of the optimal cash balance because it takes into account the upper and lower limits for the cash balance. A substitute for the baumol model could be the EOQ model because it finds a better target cash balance. 4.) If it was the minimum, we would be charged with a penalty, whereas if it was only an average, there is more flexibility. 5.) Baumol model= 78.76         Miller-Orr =   70.07 The range they consider normal is between 55 and 70, so only the Miller-Orr model fall into this range. 6.) A few changes that we recommend in our firm’s cash management is to either synchronize our cash flows, use a lockbox plan, or make payments by wire.  Synchronizing Cash flows: Synchronizing cash flows helps to improve their forecast by timing cash receipts to coincide with cash requirements, so that our liabilities are kept to a minimum. Lockboxes: An older form of cash management that allows you to have a......

Words: 314 - Pages: 2

Premium Essay

Modigliani and Miller Theory

...Modigliani and Miller proposition one (Modigliani & Miller 1958) assume that the composition of the firm's capital Structure is unimportant on the market value of all firms' securities, and consequently the firm's performance and shareholders' value. “The market value of any firm is independent of its capital structure and is given by capitalizing its expected return at the rate appropriate to its class. “This model depends on two keys, arbitrage and homemade alternative (borrowing on personal account). Arbitrage is the process that ensures that two firms differing on laying their capital structure must have the same performance. At the same time the homemade alternative describes that an investor holding an equity stake in a levered firm can sell his stake, raise a personal loan equal to the share that he held in the levered firm, spend the proceeds in a firm that is not levered and increase his income without additional cost. They assume that the shares of the firms within a given class both have the same expected return and the same probability distribution of expected return, and therefore can be considered perfect substitutes for each other. Modigliani and Miller proposition two This proposition is derived from the first one and it concerns he performance of a Common stock in companies whose capital structure contains some debt. The expected rate of return of a stock of any company belonging to a class is a linear function of the firm's leverage. “The......

Words: 7319 - Pages: 30

Free Essay


...Explore the ways in which miller creates suspicion from the moment Hale enters to the end of act one. Miller uses a number of devices such as stage directions, repetition and word choice that indicate suspicion of others and witchcraft among the Salem people. Arthur Miller uses stage directions in to create a sense of suspicion and mystery [Be Precise – state page number/Act]. With Reverend Paris, Miller did this to emphasise the character’s main dilemma in the play which is the threat to Paris' power in the community as his niece as people would be suspicious of her. Therefore because she is living under his roof, it would put a bad name on Paris as he couldn't keep his house Holy [Mention – by Miller setting the scene in a reverend’s house (a place of God), the audience may be more suspicious of the witchcraft.]. The stage directions used at the start if act one when Paris is praying frequently over Better [?] his daughter indicates that the room is quite dark with only a candle burning and sunlight through the window lighting the room. The significance of this is to show how the audience that the stage direction, builds tension to the atmosphere and sets the mood for the play [Good Holly]. Paris is frightened and confused by Betty's illness, wondering what he has done wrong to deserve this. He is angered quickly without provocation, for example when Tituba inquires about natty he turns on her in fury and shouts to get 'out of here.' Therefore not......

Words: 749 - Pages: 3

Free Essay

Millers Tale

...British Literature H As the miller is drunkenly trying to compete with the knight’s tale, he volunteers to tell a tale regardless of what others request of him. Once the miller explains what his tale is about, the Reeve quickly protests and claims that the tale is somewhat unethical and morally wrong. The Miller begins his tale by mentioning a young, poor Oxford student named Nicholas and how he lives with an older man, named John. Nicholas pays John to live with him and his young, and stunning eighteen-year-old wife named Alison. Since John frequently goes out of town, Nicholas and Alison develop a strong liking for one another and agree to go behind Johns back and eventually sleep together one night. This task would prove to be very difficult since all three characters live under the same roof. Beside John, Nicholas and Alison have another blockade to overcome in the perish clerk, Absolon, who also has a strong affinity for Alison. Nicholas realizes that a complex plan has to be constructed and perfectly executed in order for him and Alison to get a night to sleep together. Nicholas crafts a plan that he will pretend to be very sick for a weekend, and then tell John he has seen a vision from God. In this vision, Nicholas will claim that God told him that there will be a massive flood, even bigger than the one with Noah, and wash out all life and that everyone needs to prepare. In order to prepare, John gets rafts and ties them to the roof of the house to sleep in......

Words: 690 - Pages: 3

Premium Essay

Sab Miller

...BEER FOR ALL: SABMiller in Mozambique MGMT 205: International Business Discuss the local conditions that make SAB Miller’s traditional model unsuitable for Mozambique. SABMiller’s traditional model was based on repeating well-known processes worldwide and was heavily reliant on global supply chains. This approach proved to be the most suitable option for entering and operating in rich countries, where SAB Miller could benefit from short and cost-efficient supply chains. Furthermore, the high demand of commercially brewed beer, which was globally based on malted barley and hops, allowed them to pursue a mass-production strategy. In Mozambique on the other hand, the demand for commercially brewed beer was, with an average per capita consumption of 8 liters per year, very slim. Yet, there was a huge market that wanted to drink beer but could not afford to because many people in Mozambique were living in poverty. That is why the price was their major decision criterion when it came to buying alcoholic beverages. As a result SABMiller´s potential low-income customers would rather satisfy their needs with considerably less costly homebrewed beer or even dangerous alcohol from the unregulated and untaxed illicit alcohol market, than with SABMiller´s relatively expensive commercial beer. In order to offer a legal alternative, the brewery had to cut costs even more. Therefore the brewery had to start using locally grown cassava as a new raw material, as it was very costly......

Words: 943 - Pages: 4

Premium Essay


...Global Perspectives on Investment Management LEARNING FROM THE LEADERS Conversation with a Money Master BILL MILLER, CFA with FRED H. SPEECE, JR., CFA Bill Miller, CFA, is chairman and chief investment officer at Legg Mason Capital Management, Inc., and was named ‘‘The Greatest Money Manager of the 1990s’’ by Money magazine. In this question and answer session, Fred H. Speece, Jr., CFA, interviews Bill Miller about his insights into portfolio management in general and value investing in particular. Continuing a tradition of lifelong learning a cfa institute publication Conversation with a Money Master BILL MILLER, CFA Bill Miller, CFA, is chairman and chief investment officer at Legg Mason Capital Management, Inc., and was named ‘‘The Greatest Money Manager of the 1990s’’ by Money magazine. In this question and answer session, Fred H. Speece, Jr., CFA, interviews Bill Miller about his insights into portfolio management in general and value investing in particular. Speece: You have an impressive long-term track record as a portfolio manager. Given today’s very efficient and sophisticated market, do we still have room for stock picking? Miller: When we discuss market efficiency, we run into a semantic issue about what exactly is meant by the term ‘‘market efficiency.’’ At Legg Mason, we believe that the markets are pragmatically efficient, which means that they are extremely competitive and usually beat most active managers. For example, fewer than 35 percent......

Words: 8589 - Pages: 35

Premium Essay

Modigliani and Miller

...the cost of capital problem. The Modigliani and Miller theorem can be used to answer the cost of capital question and permits us to develop a theory of investment of the firm under conditions of uncertainty. It is a partial-equilibrium approach focusing on the firm and industry, because it is at this level that the interests of the various specialists concerned with the cost of capital problem come most closely together. The prices of certain income streams will be treated as constant and given form outside the model. The results obtained in this paper provides the essential building blocks for a general equilibrium model which will show how these prices that are taken as given, are themselves determined. Modigliani and Miller theorem is a cornerstone of modern corporate finance using the market value maximization approach. The aim of the theorem is to provide different conditions under which a firm´s financial decision do not affect its value. Modigliani and Miller state that in a situation where there are perfect markets, rational investors and neutral taxes, the market value of the firm depends only on the income streams generated by its assets. Furthermore, they explained that under this situation the market value of the firm will not be affected by the share of debt in its financial structure or by what the firms decides to do with the return of their activity reinvested or paid out dividends. The Modigliani and Miller theorem states four different assumptions:......

Words: 921 - Pages: 4

Free Essay

Daisy Miller

...begin with, “Daisy Miller” is a short novella where the main character Daisy miller whose real name is Annie P. Miller refuses to follow the strict and severe Europeanpropriety laws that directbehavior, especially relations between young andunmarried ladies with gentleman like Mr. Wnterbourne or Mr. Giovanelli .She becomes the topic of discussion and raises many eyebrows among the noble society of the countries she lives in. The novella is in the genre of comedy and tragedy of manners.Among all the symbols of the story the ones that impressed me a lot where the chosen locations for the actions to take place, the combinations of old and new and also the name selection of the main characterThe locations of the novel were not chosen advisedly though it is not mentioned in the novella. The author wants to bring out the argument that new is not always perceived. The author of “Daisy Miller” Henry James wants to remind us of romantic stories that happened in the locations and also the history of the old countries and buildings where the actions of the novella take place, but he does it implicitly. For example, the places where Miss Miller and her family lived in: Rome and Geneve, the coliseum where Daisy’s encounter with Mr. Winterbourne takes place. All these places contain a huge history and different love stories which are somehow thematically and secretly connected to “Daisy Miller”. I would like to mention also the name selection for the main character Daisy Miller whose real......

Words: 597 - Pages: 3

Free Essay


...Health Service Grant MH-19604, National Science Foundation Grant SOC-74 12063, and a Guggenheim fellowship to Martin Seligman. We thank Lauren Alloy, Judy Garber, Suzanne Miller, Frank Irwin, S. J. Rachman, and Paul Eelen for their critical comments on earlier drafts of this paper. Ivan Miller (Note 1) has proposed an almost identical reformulation. We believe this work to have been done independently of ours, and it should be so treated. Requests for reprints should be sent to Martin E. P. Seligman, Department of Psychology, University of Pennsylvania, 3815 Walnut Street, Philadelphia, Pennsylvania 19174. 1967). Paralleling the experimental findings with dogs, the debilitating consequences of uncontrollable events have been demonstrated in cats (Masserman, 1971; Seward & Humphrey, 1967; Thomas & Dewald, 1977), in fish (Frumkin & Brookshire, 1969; Padilla, 1973; Padilla, Padilla, Ketterer, & Giacolone, 1970), and in rats (Maier, Albin, & Testa, 1973; Maier & Testa, 197S; Seligman & Beagley, 1975; Seligman, Rosellini, & Kozak, 197S). Finally, the effects of uncontrollable events have been examined in humans (Fosco & Geer, 1971; Gatchel & Proctor, 1976; Glass & Singer, 1972; Hiroto, 1974; Hiroto & Seligman, 1975; Klein, Fencil-Morse, & Seligman, 1976; Klein & Seligman, 1976; Krantz, Glass, & Snyder, 1974; Miller & Seligman, 1975; Racinskas, 1971; Rodin, 1976; Roth, 1973; Roth & Bootzin, 1974; Roth & Kubal, 1975; Thornton & Jacobs, 1971; among others). Hiroto's experiment......

Words: 16888 - Pages: 68

Premium Essay

Bill Miller

...choice, Miller essentially selects stocks that appear to be in trouble, but are ones for which the market seems to have overreacted—he invests “where there is fear.”1 growth and value Rather, we simply point out that doing so exposes us to greater risk and requires us to conduct much more extensive analyses. We are reminded, however, of a quote from Mark Twain, “Put all your eggs in one basket and—WATCH THAT BASKET!”8 An advantage of holding fewer stocks is that it is easier to monitor them, but, in general, we must be extremely confident of our analyses in order to hold so few stocks he tends to select the stocks of companies that are financially sound. Where Miller deviates from many other fund managers is that he often chooses stocks that have been beaten down in recent months/years. This provides us with another lesson. In the aftermath of the Dennis Kozlowski scandal, the stock of Tyco (TYC) dropped from $60 to nearly $8. Miller believed that the scandal had little (if anything) to do with the company’s core business model, so he bought heavily. The stock has since rebounded to the mid $30s, giving Miller a sizable return on his investment. Miller describes this as buying “where there is fear.”2 The lesson here is not that stocks that have performed poorly in recent months are good buys. Rather, it is that there may be good buys within the set of poorly performing stocks. The trick is of course to identify which of them are good buys and which are not. Miller also......

Words: 534 - Pages: 3

Premium Essay

Miller Family

...Ella was diagnosed with breast cancer and has been in remission for some time. She went to the doctor and she was told that her cancer has returned. Ella was treating herself through a variety of natural means and her husband John who is of the American Indian origin has been using tradition methods to banish the bad spirits. Mrs. Miller would like to die at home than to die in a hospital. In this paper I will be discussing what will be best for Ella. Ella and her husband John are not into “modern medicine” and they would like to use their methods of natural healing to help her to be comfortable in her final days. First I would explain to them the difference between natural healing vs. modern medicine. In an article by author Thomas Sullivan entitled Modern Medicine vs. Alternative Medicine: Different Levels of Evidence; he mentioned that about 40 percent of Americans have tried some form of alternative medicine at some point but studies clearly show alternative medicine simply does not (Sullivan; 2011). Studies have shown that patients who use alternative treatments have a poorer survival time. Modern medicine was or is made to fight off infectious diseases like cancer, diabetes, cardiovascular diseases, etc. Ella and John have three children, Sam, Lila and Joe. Sam is divorced with a son that he does not have a relationship with and he is an alcoholic. Lila is married with a daughter that is in college and she is a diabetic. Joe is also married......

Words: 340 - Pages: 2