Team:Aachen/PolicyPractices/Economics
From 2014.igem.org
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In the center of every economic analysis are the customers and their needs and desires. Every commercial company is interested to satisfy and deal with all customer needs for better sales figures, and in order to maintain regular clientele. Both measures aim for '''higher financial profits'''. On the global seller’s market of technical laboratory equipment there is a permanent competition between the existing providers. This competition depends on these financial profits: technical improvement followed by '''price wars'''. Besides, good price-performance ratios always catch customers and influence their purchase decision. Especially since globalization takes place products from the asian market which are often reasonably but for that they often have a lower quality. | In the center of every economic analysis are the customers and their needs and desires. Every commercial company is interested to satisfy and deal with all customer needs for better sales figures, and in order to maintain regular clientele. Both measures aim for '''higher financial profits'''. On the global seller’s market of technical laboratory equipment there is a permanent competition between the existing providers. This competition depends on these financial profits: technical improvement followed by '''price wars'''. Besides, good price-performance ratios always catch customers and influence their purchase decision. Especially since globalization takes place products from the asian market which are often reasonably but for that they often have a lower quality. | ||
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+ | {{Team:Aachen/FigureFloat|TeamAachen DiagrammThermoScientific.png|title=Costs and operating expenses for companies producing technical laboratory equipment (annual report. (2013). Thermo Fisher Scientific)|width=600px}} | ||
+ | </center> | ||
Take a look at cost calculations for technical laboratory equipment including development, production, transport, warehousing and sale. Usually, you will find in this branche on one hand low costs for research and development, restruction, amorthilisation and other costs. On th other hand you will find really high costs of revenues and also selling, general and administartion expenses. At least financial profit is a big cost point cause buisinesses have to self-financing. In general, these factors are making '''technical equipment for labs really expensive''' and so one unattractive for low budgets. One off the world's biggest producer of laboratory products is [http://www.thermofisher.com/en/home.html Thermo Fisher Scientific]. They also offer photometer and other equipment stuff. The following image shows all costs and operating expenses out off the [http://ir.thermofisher.com/investors/financial-information/annual-reports/default.aspx annual report 2013] from Thermo Fisher Scientific. | Take a look at cost calculations for technical laboratory equipment including development, production, transport, warehousing and sale. Usually, you will find in this branche on one hand low costs for research and development, restruction, amorthilisation and other costs. On th other hand you will find really high costs of revenues and also selling, general and administartion expenses. At least financial profit is a big cost point cause buisinesses have to self-financing. In general, these factors are making '''technical equipment for labs really expensive''' and so one unattractive for low budgets. One off the world's biggest producer of laboratory products is [http://www.thermofisher.com/en/home.html Thermo Fisher Scientific]. They also offer photometer and other equipment stuff. The following image shows all costs and operating expenses out off the [http://ir.thermofisher.com/investors/financial-information/annual-reports/default.aspx annual report 2013] from Thermo Fisher Scientific. | ||
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We follow a strategy to circumvent unnecessary costs for customers by realizing a '''social vision'''. In accordance with the principle of open source including both '''open hardware''' and open software, information where to get the necessary components, quantities, a step-by-step technical construction manual and circuit diagrams could be published online for free. Potential customers can follow our given building instructions and download needed informations from our [https://2014.igem.org/Team:Aachen/Notebook/Engineering engineering website]. So our profit is not of financial nature but is instead based on recognition and on motivating other iGEM teams and companies to spread the idea of open hardware, too. In accordance with the motto do-it-yourself we offer '''low budget versions''' while '''reducing''' all '''potential costs''' exept for the basic costs where material costs are falling under it. Customers with a little technical skill, willingness to try something new and keen to experiments could follow our step-by-step building instructions and creat their own devices. | We follow a strategy to circumvent unnecessary costs for customers by realizing a '''social vision'''. In accordance with the principle of open source including both '''open hardware''' and open software, information where to get the necessary components, quantities, a step-by-step technical construction manual and circuit diagrams could be published online for free. Potential customers can follow our given building instructions and download needed informations from our [https://2014.igem.org/Team:Aachen/Notebook/Engineering engineering website]. So our profit is not of financial nature but is instead based on recognition and on motivating other iGEM teams and companies to spread the idea of open hardware, too. In accordance with the motto do-it-yourself we offer '''low budget versions''' while '''reducing''' all '''potential costs''' exept for the basic costs where material costs are falling under it. Customers with a little technical skill, willingness to try something new and keen to experiments could follow our step-by-step building instructions and creat their own devices. |
Revision as of 14:42, 17 October 2014
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