Admission Essay for Mba Essay

The quest for knowledge is unlimited as are the human wants. Perception is the basic idea behind every accomplishment. The field of business administration in itself is a line with inquisitive and progressive future. The very immediate applicability of the subject and its consequent results on improvisation of society on whole is a rewarding experience to go through. The one thing in present day and in future that will remain constant will be the progress and development of mankind. Thus the focus will inevitably be on developing the business structure. This being one of the main factors that directly reflect any countries growth and index of development has scope for challengeable and innovative future. The very beauty of this field which inclined me towards it is the fact that this field is never confined and ever emerging by bounding and integrating with different fields towards extracting the best we can do! See more: Examples of satire in adventures of huckfinn essay Ever since my childhood I was always fascinated by the way a business works. I always showed interest towards the working of a business and from my schooling I used to accompany my father in his business. I used to help him with maintaining accounts and learnt various business tactics. Today when choosing a specialization it is a great relief that what I want to pursue is not only a fast developing and long lasting field but also a subject of immense interest to me. Combined by my full commitment and wholehearted interest towards the subject and after judging the applicability of my decision towards my career’s progress I can say with full satisfaction that this is the best that I can do from personal and productive point of views. Apart from the academic interest, I expanded my thirst for knowledge by presenting different technical papers at national and state levels. A few of my papers are Export Documentation, Import Documentation, Working of a Retail Outlet, few Finance related papers and Accounting Projects. All these activities during my course and the interest generated from the projects attracted me more towards the field of Business Administration which supported my childhood interest. I was able to increase my intra personal traits by playing a major role in organizing the events of ARTHASHASTRA, a state level commerce students festival organized by Commerce Organization For Emerging Entrepreneurs (COFEE) at our institution which created a perfect platform for exposing myself in both leadership qualities and monitoring skills, which created lot of zeal to counteract the surrounding situations. As the United States education system is the polestar for other nations, I therefore chose to opt for USA for my higher education. Furthermore, I hardly need to mention that Franklin University being among the reputed schools for Business Administration would provide the best in terms of opportunities, infrastructural facilities and academically stimulating environment. My intended areas of specialization in the Graduate program in the Business Administration at Franklin University (Columbus, OH) is Masters in Business Administration (MBA) in order to pursue a carrier in business administration and experience the excitement and satisfaction of being associated with this vast and expanding field. Finally I would like to add that the essence of University education lies in the synergic relationships between the student and his department. I am confident that I will match the high standards set by the University. I thus feel that a Graduate study at Franklin University will be the most logical extension of my academic pursuits and a major step towards achieving my objectives. I would definitely boost my ambitions if I am given the opportunity to pursue my higher studies at Franklin University with suitable financial assistance and I am confident that I will be able to justify your faith in me.

Regulatory Bodies

ROLE OF REGULATORY BODIES INTRODUCTION Health Professionals such as nurses doctors, Pharmacist and many others are regulated and licensed by regulatory bodies as required by provincial legislation. All nurses are required to be licensed to practice with their designated provincial nursing regulatory body. Legal responsibility in nursing practice is becoming of greater importance as each year passes. In order to provide safe and competent nursing care an understanding of legal boundaries is very essential. It is important to know the law in one state and the authorities enforcing these laws. VITAL ROLE OF REGULATORY BODIES * To ensure the public’s light to quality health care service. * To support and assist professional members. * Set and enforce standards of nursing practice. * Monitor and enforce standards for nursing education. * Monitor and enforce standards of nursing practice. * Set the requirements for registration of nursing professionals. Nursing regulatory bodies also known as colleges or associations, are responsible for the licensing of nurses with in their respective provinces territory. The Nursing Regulatory bodies receives their authority from legislation. MAJOR TYPES OF REGULATORY BODIES * The central government. * The state government * Institutional Rules * Trained Nurses Association of India * International council for Nurses * American Nurses Association * Canadian Nurses Association * National League for Nursing ROLE OF CENTRAL GOVERNMENT The central government is a source of regulatory body in three ways, through. 1) Government service conduct rules 2) The Indian Nursing council Act 3) The English law THE GOVERNMENT SERVICE CONDUCT RULES These are detailed rules of conduct for are government employees. Examples of these are the requirement to maintain absolute integrity, devotion to duty and high standards of moral behaviour. Only a few are applicable to the nursing practice, but all would be applicable to the practice of a nurse employed by the government. INDIAN NURSING COUNCIL ACT The Indian Nursing Council, which was authorised by the Indian Nursing Council Act of 1947, was established In 1949 for the purpose providing uniform standards in nursing education and reciprocity in nursing registration throughout the country. The only national legislation directly related to nursing practice, also provides a basis from which rules for nursing practice can be developed. Among other responsibilities, this Act gives authority to the Indian Nursing Council for prescribing curricula for nursing education and recognising qualifications of institutions with teaching programmes for nursing. This means that the INC has authority to control nursing education and what the nurse is prepared to do. It is important because legal responsibility does finally depend upon what you should be able to do and how you should do it as well as what you are not prepared to do. The INC uses this authority in nursing education but it delegates authority for control of nursing practice to the State Nurses’ Registration Councils. INDIAN NURSING COUNCIL The Indian Nursing Council was authorized by the Indian Nursing Act of 1947. It was established in 1949 to providing uniform standards in nursing education and reciprocity in nursing registration through out the country. Nurses registered in one stat were not necessarily recognized for registration in another state before this time. The Condition of mutual recognition by the state Nurses Registration Councils, which is called reciprocity, was possible only if uniform standards of nursing education were maintained. FUNCTIONS OF INC 1) It provide uniform standards of in nursing education and reciprocity in nursing registration. 2) It has authority to prescribe curriculum for nursing education in all states. 3) It has authority to recognize programme for nursing education or to refuse recognition of a programme if it did not meet the standards required by the council. ) To provide the Registration of foreign nurses and for the maintance of the Indian Nurses Register. 5) The INC authorizes State Nurses Registration Council and Examining Board to issue qualifying certificates. The INC has been given heavy responsibilities for nursing practice and nursing education but it has not been able to exert enough power to support high standards in nursing. ENGLISH LAW The law based upon the English Pattern is the third way in which the Central Government is a source of legal authority. These laws are very specific and make you â€Å"liable for negligence† or answerable to the laws for acts of carelessness. The laws summarised below are given for medical practitioners including nurses. 1) The right to refuse to the treat a patient expect in an emergency situation. 2) The right to sue for fees. (Applicable only to private duty nurse or private practitioners: other nurses are salaried. ) 3) The right to add a titile descriptions to one’s name. Any title, description, abbreviation or letter which implies nolding a degree, diploma, license or certificate showing particular qualifications may be added. (Improper use of these is often prohibited by State Nurses Registration Acts. The right to wear the Red Cross Emblem is given only to members of the Army medical service. 4) Unregistered practitioners are not allowed to hold positions or appointments in public and local hospitals 5) Fundamental duties. a) To exercise a reasonable degree of skill and knowledge in treating patients. The standard held is that exercised by other reputable members of the same profession in similar circumstan ces. b) Once a relationship to a patient has been established, there is an obligation to attend the patient as long as necessary unless the patient requests withdrawal or notice is given of intention to withdraw. ) A practitioner must give personal attention to his cases and answer calls with reasonable promptness. d) Children must be protected from harming themselves. e) Special precautions must be taken in the case of adults who are incapable of taking care of themselves. 6) The Indian Penal Code demands that poisonous drugs be kept in separate containers properly labeled and marked. Care must be taken not to mix with nonpoisonous drugs. 7) There is a duty of secrecy to the patients. Records must be treated as confidential unless the practitioner is called upon to give evidence in court. 8) Dangerous diseases must be reported. (Theses will vary in different parts of the country. ) 9) Nurses as considered solely responsible for their own professional acts irrespective of the employing authority. A fine is the usual penalty imposed for disobeying the law stated above, although imprisonment is also possible. The central responsibility consists mainly of Policy making, palnning, guiding, assisting evaluating and Co. ordinating the work.

Human Rights Research Paper Example | Topics and Well Written Essays - 1250 words

Human Rights - Research Paper Example Article 1 of the universal human rights provides that all individuals are born free and equal while article 7 outlaws discrimination of individuals. Article 10 requires all people suspected of crimes to have access to free and fair trial while Article 16 provides for free consent to marriage and equality of the marriage partners. Accordingly, Article 17 provides that all individuals have the right to own economic property while Article 18 safeguards the right of individuals to select their own religion. On the other hand, cultural relativism entails selective implementation of the universal rights depending on the prevailing cultural norms in the society. This paper will define human rights and discuss the articles of Universal Declaration of human rights. The paper will also discuss the universality versus cultural relativism perspectives of human rights. Human rights Introduction Human rights refers to those rights and freedoms that are inherent to all the human beings regardless o f the sex, nationality, ethnic origin, language, religion or any other identifiable characteristic of an individual (Darraj, 2010). Human rights are safeguarded by numerous national laws and international laws that include treaties and customary law. The international law requires the national governments to safeguard the human rights of its citizens from any possible violation (Darraj, 2010). One of the underlying principles of human rights is the universality principle that asserts that human rights are inherent and inalienable. According to this principle, all human beings are born with certain human dignity and rights that should not be violated such as the right to life and right to be freed from forced labour (Darraj, 2010). The second principle of human rights is the interrelatedness and interdependence principle that asserts that all human rights contribute to a higher wellbeing of the individual. For instance, violation of the right to social welfare will also negatively on the right to life (Streich, 2008). The third governing principle of human rights is the non-discrimination and equality principle that requires that human beings should never suffer any discrimination based on their physical attributes or psychological attributes such as differences in religion, ethnicity, religion, nationality or even sexual orientation (Darraj, 2010). Another cornerstone principle of human rights is participation and inclusion of individuals in the decisions that affect their welfare. National governments must seek the input of the citizens, civil society and minorities before making decisions that affect the welfare of the citizens (Streich, 2008). The last principle of human rights is the accountability principle that requires states to take responsibility and accountability in safeguarding the rights of the citizens. Streich (2008) asserts that national governments must create and enforce legislation that ensures all human rights are safeguarded from abuse. Th e core human rights treaties include the treaty on economic, social and cultural rights, the treaty on the elimination of torture, the treaty on the elimination of all forms of discrimination against women, the treaty on protection of the rights of child and treaty on rights of migrant workers (Darraj, 2010).

Use sociological theory to discuss and analyse the future effects of Essay

Use sociological theory to discuss and analyse the future effects of globalisation on developed and developing societies.(essay1500-2000 words) - Essay Example ise economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments.† (Rosenberg 2000) defines â€Å"The term ‘globalisation’ after all, is at first sight merely a descriptive category, denoting either the geographical extension of social processes or possibly, as in Giddens’ definition, ‘the intensification of worldwide social relations’.† According to the (World Bank Brief 2000) globalisation gained pace in the 1980s and 1990s, with the advancements in information technology, transportation and global communications. These include improved telecommunications, the Internet and faster world travel, to name a few. These technological improvements enabled people to transport goods, services and knowledge, faster, farther and more reliably. Governments have also adopted more open policies that allow for closer international economic cooperation. Supporters of globalisation claim that its goal is to reduce poverty worldwide. Supporters point out that despite the world population increasing from 1.8 billion to 6.0 billion, with the presence of political and armed conflicts, the real average income of each individual today is five times more than it was at the beginning of the century. However, globalisation also revealed vulnerabilities, which raise concern among both developed, and developing countries. If there is global reduction of poverty, it has also produced problems for its players. (Giddens 2001) states that, â€Å"Globalisation is not an ‘out there’ phenomenon, as if some external forces are at work. September 11 showed that it’s an ‘in here’ phenomenon†. He emphasized that globalisation is not a product of external factors, but also occurs within nations. â€Å"With interdependence comes vulnerability, a shift in our institutions, our emotions, our anxiety†¦Ã¢â‚¬ , he stressed (Giddens 2001). (Giddens 2001) stated that tradition in early modernity

Response Journal Essay Example | Topics and Well Written Essays - 250 words - 1

Response Journal - Essay Example The explosion also killed 11 people instantly leaving several others seriously injured and in addition to blackening the Gulf coast (Taylor par. 2). It is two years since the disaster occurred and its devastating effects are still being felt. Experts reveal that all oil, approximated at about five million barrels, leaked spreading from the coast of Mexico to Florida. Houston is arguably the place that felt most of impacts of the incident which affected mainly wildlife and the environment, thereby raising ethical issues (Taylor par. 4). The main ethical problems present in this situation were to do with the destruction of the environment and wildlife by humans in the Gulf of Mexico and its environs. For instance, environmentalists reveal that the spill interfered with aquatic life as several marine animals were killed as a result. The other ethical issue that arose is that BP and its subcontractors were only concerned with cost saving without adequately assessing the hazardous risks. This in itself becomes unethical issue since BP concentrated only on cost saving and failing to put measures in place to ensure that their drilling processes were safe. The BP oil spill is also seen as an ethical issue for the reason that the company failed to minimize the impacts of the disaster for all those who were affected. The spill interfered with businesses and coastal beaches that are dependent on fishing and tourism. Furthermore, the oil spill was not only a health concern for residents of Houston but also to coastal businesses that lost millions of dollars due to the disaster. Oil that spilled underwater also affected all the aquatic animals throughout the gulf raising ethical concerns (Taylor par.6). In conclusion, the BP oil spill problem seems to have been caused by negligence on the parts of engineering who were building the deep-water horizon. To solve this problem, BP should always adhere to ethical practice when handling

Globalization Essay Example | Topics and Well Written Essays - 500 words - 25

Globalization - Essay Example stations globalization includes increase in the rate of international trade, multi-national companies, high dependency on the global economy, free movement of goods, services, and capital. Globalization also refers to the ease of movement across national borders, technology, investment, labor, and finance. The speedy rise of globalization has been due to the efforts by international bodies like the IMF and WTO that have reduced trade barriers (Michie, 2011). Globalization manifests itself through technological advancement. In fact, it is through technology that the world can communicate and connect without boundaries. Information technology is the basis for the modern economic growth that also translates to increased globalization (Michie, 2011). Globalization, therefore, manifests itself in the manner in which investors, consumers, and businesses sue modest tools to identify and pursue their economic opportunities. Other manifestations of globalization include the extent in which companies analyze economic trends worldwide, easy assets transfer and strategic collaborations (Herzog, 2014). Nonetheless, the existence of transnational corporations shows how the world has become a single and unique market. On the other hand, the improved supply chains is an indication that globalization is transforming the world. For instance, China manufactures goods which in turn get exported to Fiji for finishing and the products find their way to Sydne y for sale. The above is an example of global supply chain that is a manifestation of globalization. The primary advantage of globalization is that it has improved the way people receive and send information (Herzog, 2014). Communication has improved tremendously save to globalization that puts no boundaries for people to interact. Another advantage is that globalization has improved the world’s economy. The removal of trade barriers and ease of access to foreign markets is mainly because of globalization (Herzog, 2014). Due to

Theories of International Relations Essay Example | Topics and Well Written Essays - 2250 words

Theories of International Relations - Essay Example 42). As a result of the complexity in international relations, this field of study has attracted numerous scholars who come up with theories to explain international behavior among states. For most theorists of international relations the state is the primary player that determines the direction in international matters. Olson and Groom (1992, pp. 274) state that the policies adopted by a certain state go along way into shaping its relationship with other states, thus molding international relations. The field of international relations widely accepts anarchy as one of the possible explanations for behavior in international politics. Different theorists of international relations have varying concepts on the issue of anarchy. To some pessimists, anarchy is totally appalling, while to some optimists, anarchy can be advantageous to a state. More specifically, there is a â€Å"myth† of international anarchy that provides that ‘Anarchy is what states make of it’. Acco rding to Weber (2004, pp. 63) this myth of international relations holds that the outcomes of global anarchy vary from one state to another. This means that one cannot predict how anarchy will affect a given state, since different states have different responses to anarchy. Essentially, anarchy may cause either cooperation or conflicts among states, depending on the policies of each individual state on international behavior (Griffith, 1999; pp. 154). Accordingly, it is critical to have deeper insight into the concept of international anarchy; its meaning, origins, the role it plays in international relations. It essential to consider how individual states have it in their power to shape international relations by choosing the consequences that anarchy is going to have on them and other states they interact with. For most people, especially those not concerned with the study of international relations, the term anarchy is associated with disorganization, violence, and absence of law s to govern the actions of people. This means that most people view anarchy as being characterized by severe social and political instability, meaning that anarchy is a threat to international order and security (Griffiths, 1999; pp. 145). With such a mindset, anarchy is depicted as the very opposite of civilization and most people would rather do without anarchy. However, in the study of international relations, different scholars have different views concerning international anarchy and its consequences on international politics. Some see anarchy as negative, while others see it a positive. Yet for some, international anarchy can have either negative or positive effects or both on a state and in the entire field of international politics. Nevertheless, all theorists of international anarchy agree that anarchy is caused by lack of a universal government. In the field of international relations, anarchy is not necessarily considered a theory; rather it is taken as a myth by theorist s of international relations. Theorists of international anarchy hold that the world is made of sovereign states, each yielding power over its territory, people, and resources. According to Brown (2002, pp. 145,) such a sovereign state holds the ultimate power over its area of jurisdiction and no other authority, whether domestic or international, should challenge its position. Therefore, as far as international politics of anarchy are concerned, all states are sovereign, but the degrees of sovereignty vary from state to state. International independence among states varies, according to the political structures of

The Reald World of Management Assignment Example | Topics and Well Written Essays - 3250 words

The Reald World of Management - Assignment Example The theory ‘X’ has been commented on greatly in the scholarly field in that it assumes that human beings are inherently lazy by default and as such does not like working (Stewart, 2010, p.1-2). The resultant of this in the real world is the devising of control mechanisms and supervisory tools to be used within organizations by the management. The reasoning of the theory is that people work because of coercion or by enticement through material gains without which the persons are determined to avoid working; therefore, the ambition of workers to engage in productive activities is boosted or controlled by enticements. This implies that management within this theory’s framework have to use coercion and threat in order to get work done or have general compliance by the workers. It is therefore concluded that all employees go out for their personal gains and, force or some sort of coercion must be sought in order to realize cooperation by the workers. However, a critica l evaluation of the theorem as is applied within the real life context proves differently in that people vary in the matters of personal drive and motivation; the generalization of this theory is erroneous because not always does workers require being extrinsically motivated. Personal drive and intrusive values go a long way in determining the productivity of individual persons as unlike the proposition by the theory. Moreover, a critical weakness in the explanation of this theory is noted in that it fails to explain the motivators of management personnel, as they are equally persons who would equally illustrate the same traits as other employees. The theory is thus seen as a tool effective in explaining the relationships within... This essay approves that nevertheless of critical concern between the current scholars are the applications of these theories in the real life situation s as they are seen to be highly probable through academics by rather inapplicable when in real life scenarios. This paper has concentrated in the analysis of the management theories as they have been in use through real life application as well as through the academics. This paper makes a conclusion that the theory ‘X’ has been commented on greatly in the scholarly field in that it assumes that human beings are inherently lazy by default and as such does not like working. The resultant of this in the real world is the devising of control mechanisms and supervisory tools to be used within organizations by the management. The theory is taken to imply that employees take pleasure in engaging their physical as well as mental capacities as they carry out duties assigned and as such take work to be as a natural duty. The challenges of bureaucracy in management are studied in theory ‘Z’. The power distance theorem on the other hand was developed to explain the value of cultural relations in management and the employees. The contingency theorem revolves around understanding the spectacular traits of individual leaders that use to motivate and inspire the employees. The effectiveness in applying the theory is thus only evident withi n the academic spheres as against within the corporate working scenarios.

History of Juvenile Justice Essay Example | Topics and Well Written Essays - 750 words

History of Juvenile Justice - Essay Example Several factors facilitated the passage of the 1899 Illinois Juvenile Court Act and they are the child saver movement and the creation of children’s tribunals (Martin 43; Siegel). The child saver movement refers to the acts of wealthy person who donated money for others to create informal networks of social service agencies that helped needy children. These networks opposed jailing delinquent or runaway children and put them in refuge houses instead (Siegel). They taught children remedial skills, so that they could work and earn money in legitimate ways (Siegel). These houses, however, received criticism for their harsh disciplinary rules and methods (Siegel). Though they had these weaknesses, the movement increased support for treating children differently when they have conducted different kinds of crimes (Siegel). Another factor that resulted to the passage of the 1899 law is the development of children’s tribunals (Martin 43). In 1874, Massachusetts passed legislati on that required separate court hearings for children, called children’s tribunals (Martin 43). In 1877, New York passed legislation that separated adult and juvenile offenders (Martin 43). These laws became the forerunners of the 1899 Illinois Juvenile Court Act. The purpose of the 1899 Illinois Juvenile Court Act is to establish a formal juvenile court system that reflected the parens patriae doctrine (Siegel). The parens patriae doctrine asserts that the state must take care of the country’s children.

Holy Moly Essay Example for Free

Holy Moly Essay Socrates is simply asking questions to get a straight answer from Euthyphro, which he is unable to do. When asked, â€Å"what is piety? † Euthyphro answers â€Å"Doing as I do†. He thinks he is doing the pious thing by bringing his father up on charges of impiety. In his words, he is saying prosecuting anyone guilty of murder, no matter who they are . Socrates , basically is not entertained by this response, because it is not an answer. When asked again â€Å"what is Piety? † Euthryphro responds with, â€Å" What is dear to the Gods is pious and what is not dear to them is impious†. Socrates asks† Is the pious loved by the gods because it is pious? Or is it pious because it is loved by the gods? Euthyphro is contradicting himself. That which is dear to the gods is dear to the gods because it is first loved of them, not because it is dear to them. But the pious or holy is loved by the gods because it is pious or holy. Which is the same as saying that it is loved by them because it is dear to them. His explanation is going in circles. When asked again, Euthyphro responds, â€Å"Piety is knowing how to please the Gods in word and deed, by prayers and sacrifice† Socrates responds by saying that it is a way of doing business between the gods and men. You ask the gods what you can do and they tell you what they want you to do. Euthyphro has failed to show what pious is. I believe Socrates goal in the dialogue was to change his mind about prosecuting his father and to determine whether Euthypro’s definition of piety or impiety was sufficient enough to prosecute his own father for murder and to clear himself of his indictment. The features of the dialogue that led me to believe this was when Socrates asked, â€Å"Are you able to show your father guilty of murder or that all the gods are agreed in approving of our prosecution of him. Then says to Euthyphro† If you had not certainly known the nature of piety and impiety, I am confident, you would not have charged your father with the murder† Euthyphro, then hurries away , I am thinking to save his father from being tried for murder. If Socrates knew the nature of piety and impiety he may have been able to clear himself of Meletus and his indictment.

External Influences on Building Design

External Influences on Building Design Many people don’t realise how hard it can be to design something. Especially building, this is why architect’s job isn’t easy. The massing and overall design of the building is influenced by number of different factors and how important they are differs for each design. I would like to highlight the most important ones, and highlight which one of them cross reference quite often.       As Richard Rogers said â€Å"form follows profit, and this is aesthetic principle of our times†, unfortunately this is main factor impacting the design and all the other processes in architecture. Although it’s not the only one. Other example is often on the very beginning of the project – the site. Size configuration, topography this has huge impact on design. Sometimes we can change slightly topography, but site shape would be more of an issue. Often in extreme cases this becomes the asset of finalised project, like it happened in Tokyo project â€Å"A life with large opening† often called â€Å"gap house† designed by ONDESIGN. Next factor is often one of the most influential in good and also in the bad way. These are and include number of people, starting from client all the way to neighbourhood, which sometimes influences the design. Probably one of most important stakeholders is user/client, they often provide driving force for the design. As they may be personally involved in process of design and then construction. Possibly the best example of this could be STAMP HOUSE designed by Charles Wright Architects. This project in was directed and influence by various factor of which the most challenging was client, that desired carbon neutral, off-grid architectural statement that would be: â€Å"new face of tropical architecture†. Effectively this particular project was as highly influenced by client’s introduction of environmental design. Final design was to minimalize impact on environment (as client requested), so that ecosystem around it would not be affected. Therefore architect’s had to work very closely with experts and various organisations. Effectively this lead to zero carbon project that is level 5 cyclone proof and therefore classed as a cyclone shelter, additionally it’s flood proof and wouldn’t suffer from any natural disaster as it uses on sight solar panels and rain water collected in 25000 litres tank that is also located on the site. Another very influential stakeholders are neighbours and community groups. They often effect not only design but also whether building will be completed or not. Good example could be found in Manchester where public was picketing construction of new Manchester Metropolitan University campus building, the site chosen by MMU has previously been picketed by same group of people and that was probably what caused investment to fail. This time it was different partially due to professional manner of architect’s, MMU and local government. Although as many people claim the main role in this case was played by another influential and sometimes critical factor – economic status. As the economic crisis emerged rate of investment started drastically falling down, MMU used this fact to gain planning permission for Birley Fields proposal and convince authorities and residents. This just reinforces and relates back to famous Rogers quote â€Å"Form follows profit, is the aesthetic principle of our times†. This briefly mentioned local government as they are stakeholder representing local and public interests. They are often main body that appoints people to ensure, that building at it final stage is safe to use. Which obviously needs to be considered and included during design stage. Unfortunately not everything could be predicted like 9/11 terrorist attack. Although government and designers with engin eers do their very best to prevent similar disasters from happening. This includes meeting and exciding building regulations, fire regulations and many more. These also relatively strongly influences the design. Number of people work to make sure building is safe the most important and influential of which is engineer or team of engineers. They do all the hard calculations, and this is what they have done in case of WTC. Architects and engineers jointly admitted that they designed World Trade Center to withstand air plane collision. Although it was impossible for building to handle this with so intense fire inside it. This leads me to another factor that strongly influences design that makes it possible and functional. Even greatest building on the earth without sufficient services and structure to support it – is a disaster. This is why engineer and sometimes ME engineer effect design. Often especially in big projects architect and structural engineer work in collaboration to create final design. This is evolution from the sentence said by Louis Sullivan about his new Wainwright Building – â€Å"form follows function†. Even if architect and engineer work close together they are often limited by construction methods and processes, like it almost happened with Beetham Tower in Manchester. The design caused a lot of dispute on how and whether it would be possible to safely construct four-metre cantilever which is definite land mark in Manchester’s skyline. Frank Lloyd Wright found similar problem when he proposed Mile High Illinois which was proposed in 1956 and never been built, simply because construction methods wouldn’t allow it then and possibly even now it cou ld be challenging to construct this proposed building. Although this shouldn’t be a reason not to design it there are number of projects that has been designed and either not build or changed during construction because this coordination between architect and engineer wasn’t successful. Similar cooperation would be good between ME engineer and architects. Although services that ME is taking care of often are not of particularly important at the design stage and therefore sometimes they tend to be pushed to blank box where they should be placed or they not even included at all. Unfortunately this is often not enough place and highly effects aesthetics of interior. This wasn’t case in Pompidou Centre in Paris where all the services are on the external faà §ade and therefore services engineer strongly effected or actually created the appearance of this building. This innovative design created very industrial appearance, also its good place to realise how many serv ices and work goes into parts of building that are usually hidden. Possibly hiding all this causes people to think anyone can build a building and call it   architecture – and this is incorrect. Another influencing factor is definitely sustainability. This factor is more and more often mentioned in client’s requirements as its good for PR. Although due to global warming and heat island effect more and more government’s and authorities include some form of sustainability in their building regulations. And therefore it’s definitely outside of architect’s influence. Although sometimes this as well as other restrictions allow great designs to be created and to emerge, similarly like it was with Pompidou Centre with services, they allowed it to be great building. Often sustainability of the building doesn’t cause huge effect on the design, although it has to be considered from the start. Another strongly influential factor that I would like to mention is time. As we know ‘time is money’ this is wha t Benjamin Franklin said, and it’s still valid. Different people need quick design for number of different reasons. No matter of reason this influences the design. It may be that because architect need to finish design very quickly and he can’t refine all the. It could be that someone works really well under pressure and therefore final design may come out brilliantly. In most cases where time is important factor client decide to use unconventional building process called ‘Design and Build’ this means that construction starts as soon as architect creates rough shape. That causes that some of the details can’t be changed as they may already been built. This isn’t something new, it’s happening for long time, one of best examples is Sagrada Familia in Barcelona, this Roman Catholic basilica designed by architect Antoni Gaudà ­, construction started in 1882, this is 122 years ago, and it’s still not finished. This wouldn’t be possible without this construction method, and hopefully if finished in 2028 as current estimates show it would be definitely one of the longest construction processes in the history. As visible on photo above it’s not surprising, because as its being build, the attention to the details and the beauty of construction is at the highest possible level. Other influential factor that in my opinion is fundamental is the function. The role of architect is to find the solution for many, sometimes very hard problems. This is what in my opinion defines good architect. It’s not only how ‘pretty’ the building is, or how tall, it’s about how well architect or even designer thought about potential issues and how he solved it. Otherwise building is just – a shed. Functional but without thought putted into it, althought because â€Å"form follows function† or at least it should, the design supposed to reinforce the function, an d definitely not to go against it. This is what many people claim that has happened in case of Vitra Fire Station designed by Zaha Hadid, even though she is great architect, specific to her design style. As many people claim, the sculptural fanciness of designer caused building to be not functional as fire station and had to be handed over, and now it’s â€Å"used for exhibitions and events and continues to be one of the highlights on the Vitra Campus in Weil am Rhein.† And I’m not disputing fact that it’s obviously architectural highlight of the area. Although it’s definitely in its design more suitable for exhibition area rather than fire station, because in case of fire it was hard for fire engine quickly leave, to the extent that some people called it dangerous. And therefore I think it’s important to create great designs, but not to forget about primary needs of the place, even factory or storage buildings could be architectural statement not only a building. There are many, many more factors that affect architectural designs all over the planet. Some more and other less, it all depends on client , and situation that the building is being build, however definitely most important and most influential is function followed by site, money and the client. References: Shoebox dwelling. 23 Oct 2012. House in a Gap. [Online]. Available at:  http://shoeboxdwelling.com/2012/10/23/house-in-a-gap/ [Accessed: 22 Mar 2014] Ondesign. Unknown. A life with large opening. [Online]. Available at:  http://www.ondesign.co.jp/english/works/062/#workTitle [Accessed: 22 Mar 2014] Oxford Dictionaries. Unknown. Oxford English Dictionary – stakeholder. [Online]. Available at:  http://www.oxforddictionaries.com/definition/english/stakeholder [Accessed: 22 Mar 2014]   Charles Wright Architects, Unknown. Stamp house publication. [Online]. Available at:  ww.wrightarchitects.com.au/projects-2/contact/stamp-house/ [Accessed: 22 Mar 2014] Manchester Evening News, 26 Feb 2011, Revealed: New plans for Manchester Metropolitan University’s new Hulme campus. [Online]. Available at:  www.manchestereveningnews.co.uk/news/greater-manchester-news [Accessed: 22 Mar 2014] Manchester Metropolitan University. Unknown. Birley Fields campus publication. [Online]. Available at:  www.mmu.ac.uk/birleyfields [Accessed: 22 Mar 2014] 9/11 Blogger. 21 Feb 2007. What the World Trade Center Building Designers Said: Before and After 9/11. [Online]. Available at:  http://www.prisonplanet.com/articles/february2007/210207designers.htm [Accessed: 22 Mar 2014] History, 25 Jan 2001. Unknown. 911 Facts with Hero and Victim – interview with Frank DeMartini. [Video online] Available at:  http://www.youtube.com/watch?v=zl1GfcD3KZ0 [Accessed: 22 Mar 2014] World Trade Center. n.d. [Image online] Available at:  http://www.photosup.biz/img/world-trade-center-new-york.html [Accessed: 22 Mar 2014] Beetham Tower. n.d. [Image online] Available at:  http://www.cityadvisor.info/[emailprotected] [Accessed: 22 Mar 2014] Wainwright Building. n.d. [Image online] Available at:  http://www.essential-architecture.com/STYLE/STY-Sullivanesque.htm [Accessed: 22 Mar 2014] Frank Lloyd Wrights mile-high building. n.d. [Image online] Available at:  http://www.wbez.org/blog/john-r-schmidt/2011-08-25/frank-lloyd-wrights-mile-high-building-90793 [Accessed: 22 Mar 2014] Gagnon, B. 20 Sep 2009. Sagrada Familia 01. [Image online] Available at:  http://en.wikipedia.org/wiki/File:Sagrada_Familia_01.jpg [Accessed: 22 Mar 2014]   SBA73. 21 Feb 2011. Sagrada Familia nave roof detail. [Image online] Available at:  http://en.wikipedia.org/wiki/File:Sagrada_Familia_nave_roof_detail.jpg [Accessed: 22 Mar 2014] Zaha Hadid. Unknown. Vitra Fire Station Publication. [Online]. Available at:  http://www.zaha-hadid.com/architecture/vitra-fire-station [Accessed: 22 Mar 2014] Anniina Koivu. 11 Jun 2013. Happy Birthday Fire Station. [Onilne]. Available at:  http://www.vitra.com/en-gb/magazine/details/184799 [Accessed: 22 Mar 2014] Form follows profit1200921975

The Effects of Schizophrenia on the Brain Essay -- Biology Biological

The Effects of Schizophrenia on the Brain Schizophrenia is a severe mental illness that affects one to two percent of people worldwide. The disorder can develop as early as the age of five, though it is very rare at such an early age. (3)) Most men become ill between the ages of 16 and 25 whereas most women become ill between the ages of 25 and 30. Even though there are differences in the age of development between the sexes, men and women are equally at risk for schizophrenia. (4) There is of yet no definitive answer as to what causes the disorder. It is believed to be a combination of factors including genetic make-up, pre-natal viruses, and early brain damage which cause neurotransmitter problems in the brain. (3) These problems cause the symptoms of schizophrenia, which include hallucinations, delusions, disordered thinking, and unusual speech or behavior. No "cure" has yet been discovered, although many different methods have been tried. Even in these modern times, only one in five affected people fully recovers. (4) The most common treatment is the administration of antipsychotic drugs. Other treatments that were previously used, and are occasionally still given are electro-convulsive therapy, which runs a small amount of electric current through the brain and causes seizures, and large doses of Vitamin B. (3) Due to neurological studies of the brain, antipsychotic drugs have become the most widely used treatments. These studies show that there are widespread abnormalities in the structural connectivity of the brains of affected people. (2) It was noticed that in brains affected with schizophrenia, far more neurotransmitters are released between neurons, which is what causes the symptoms. At first, re... ...scover the cause of schizophrenia. Is it caused by various genes, by a virus, or from trauma? This too is still a mystery. The only thing that is truly known is that the disorder is debilitating and that it affects nearly every portion of the brain. Obviously, much more research still needs to be done to help those who suffer from it. References 1)E-Mental Health, http://www.emental-health.com/schiz_function.htm 2) E-Mental Health, http://www.emental-health.com/schiz_structure.htm 3)National Institute for Mental Health, http://www.nimh.nih.gov/publicat/shcizoph.cfm 4)Psychiatry 24 x 7, http://www.psychiatry24x7.com/bgdisplay.jhtml?itemname=nonprofbackschiz010 5) Society of Neuroscience, http://www.sfn.org/content/Publications/BrainBriefings/schizophrenia.html 6)Health-Center, http://www2.health-center.com/mentalhealth/schizophrenia/causes

The Importance of Focus in the Business World Essay -- Business Admini

Let’s say in today’s competitive surroundings, marketers are attracting more global dynamic, and consumer determined. Consumers are requesting more choice, with enhanced worth and service According to Treasy and Wiesema (1995) page 68, companies will do well to consider four market disciples. There are four fundamental service theory based upon levels of focus (market focused, service focused, market and service focused and lastly unfocused. This is where focussed service operation comes in. in this essay going to define and talk about focused service operations , and point up how the aim can be practical to get enhanced understanding and also on how to improve performance in service operations. I will also talk about customer Retention and Intermediaries. When we say focus what does it exactly means in the business world? Focus can be explained as providing a fastidious part to consumers with a constricted choice of service to meet their needs. We come in contact with what we say service operations every day. We all are consumers or users of a broad choice of business and public services. Indeed numerous of us are liable for delivery services not only because of our jobs, in establishment such as firms, shops etc, other than also as routine of a daily like for people. Focused service operations are apprehensive through delivering services to the consumers or users of the service. It involves understanding the needs of your consumers; controlling the processes to delivering the services, and ensures your objectives are met adequately. Service then can be defined when the mixture of outcomes as well as experiences delivered to and receive by consumer. Customer thus judges the value of the service on understanding of th... ...de Coca-Cola a leader in the soft drink market. REFERENCES Derek R. Allen , T. R. N. Rao (1959) Analysis of Customer Satisfaction Data Phillip Kotler, Gary Armstong , Veronica Wong, John Saunders. Principles of Marketing ( 5th edition). Principles of Marketing (PAGE 385) Philip Kotler (EDITED Jan 2008) Principles of Marketing (PAGE 385) Steve Brown, Kate Blackmon, Paul Cousins, Harry Maylor. (2001) . Operation Management: Policy, Practise and Performance Improvement. Stuart. Ed, Crainer, Des. Dearlove Handbook of Management (3rd Edition 1995). Financial Times Series (PAGE 354) Timothy Keiningham and Terry Vavra (Edited 1 Sep 2001). The Customer Delight Principles: Exceeding Customer’s Expectations for Bottom- line Success (PAGE 78) Zemke, Ron Woods, John A. (Edition 1999). Best Practices in Customer Service (PAGE 38) The Importance of Focus in the Business World Essay -- Business Admini Let’s say in today’s competitive surroundings, marketers are attracting more global dynamic, and consumer determined. Consumers are requesting more choice, with enhanced worth and service According to Treasy and Wiesema (1995) page 68, companies will do well to consider four market disciples. There are four fundamental service theory based upon levels of focus (market focused, service focused, market and service focused and lastly unfocused. This is where focussed service operation comes in. in this essay going to define and talk about focused service operations , and point up how the aim can be practical to get enhanced understanding and also on how to improve performance in service operations. I will also talk about customer Retention and Intermediaries. When we say focus what does it exactly means in the business world? Focus can be explained as providing a fastidious part to consumers with a constricted choice of service to meet their needs. We come in contact with what we say service operations every day. We all are consumers or users of a broad choice of business and public services. Indeed numerous of us are liable for delivery services not only because of our jobs, in establishment such as firms, shops etc, other than also as routine of a daily like for people. Focused service operations are apprehensive through delivering services to the consumers or users of the service. It involves understanding the needs of your consumers; controlling the processes to delivering the services, and ensures your objectives are met adequately. Service then can be defined when the mixture of outcomes as well as experiences delivered to and receive by consumer. Customer thus judges the value of the service on understanding of th... ...de Coca-Cola a leader in the soft drink market. REFERENCES Derek R. Allen , T. R. N. Rao (1959) Analysis of Customer Satisfaction Data Phillip Kotler, Gary Armstong , Veronica Wong, John Saunders. Principles of Marketing ( 5th edition). Principles of Marketing (PAGE 385) Philip Kotler (EDITED Jan 2008) Principles of Marketing (PAGE 385) Steve Brown, Kate Blackmon, Paul Cousins, Harry Maylor. (2001) . Operation Management: Policy, Practise and Performance Improvement. Stuart. Ed, Crainer, Des. Dearlove Handbook of Management (3rd Edition 1995). Financial Times Series (PAGE 354) Timothy Keiningham and Terry Vavra (Edited 1 Sep 2001). The Customer Delight Principles: Exceeding Customer’s Expectations for Bottom- line Success (PAGE 78) Zemke, Ron Woods, John A. (Edition 1999). Best Practices in Customer Service (PAGE 38)

The Life and Writings of St. Paul Essays -- English Literature Essays

The Life and Writings of St. Paul Paul, formerly a persecutor of Christians, was on the road to Damascus when suddenly God spoke to him. â€Å"Saul, Saul, why are you persecuting me?† (Acts 9:4) God asked. Paul was then blinded and led by his friends to Damascus, where a disciple named Ananias was waiting for him. Ananias cured Paul’s blindness and baptized him. From then on, Paul was devoted to spreading the Good News all over the world. Having returned to Damascus, he stayed there for a little while, preaching that Jesus is the Son of God. Because of this the Jews began to hate him and Paul had to flee from the city. Then he went to the city of Jerusalem to meet Paul, the head of the new Church. After leaving Jerusalem he was called by Barnabus to come to Antioch. One year later there was a large famine and both Barnabus and Paul were sent to the poor Christian community at Jerusalem. Having fulfilled their goals they returned to Antioch. Soon after this, Paul and Barnabus made their first missionary journey, visiting the island of Cyprus. Then they took a trip to Asia Minor and established new churches in Iconium and Lystra. After the Apostolic Council of Jerusalem, Paul made his second missionary journey, first visiting churches that had already been established by him in Asia Minor. At Troas Paul had a vision, which he translated as a call from God to convert in Macedonia. To do this, Paul sailed for Europe, and preached the Gospel in Philippi. He also went to ...

Humouring the reader

It Isn't the mother of all battles for pregnant women Confusion reigns within our society as pregnant women's minds are Influenced by media, doctor's orders and expectations. â€Å"Be sober. It Isn't the mother of all battles for pregnant women†, an pollen piece by author Rite Panel was published on the 1 12th of May 2014 In the Herald Sun. Direct yet informative In tone, Panel asserts that pregnant women should defy the changing and unreliable advice of doctors and should limit substance use for the sake of their ‘unborn child'.Emphasizing on her stance against pregnant women consuming alcohol, Panic illustrates the ambiguity of expecting women when faced with alcohol. The foreground imitating an authentic sky represents tranquility, contradicting the gloomy issue and suggesting that there is a balance between the temptations of alcohol when expecting and doing the right thing for your child. Panic purposefully uses a straight-on angle to dictate to the audience that eq uality Is prominent within this matter.Panic also inserts a hand hat Is tilted upwards In the shape of a tick' all the while gesturing defiance, signifying uncertainty. Moreover, the cunning headline explicitly asserts a pun, humoring the reader, all the while Informing them with the frank tonal shift. Adopting the tone of an outraged bystander, Panel appeals to the reader's empathy and humanity â€Å"an expectant women's diet, exercise habits, stress levels and birth plan all become a matter of public debates†, to attempt to ignite a sense of responsibility to protect and assist expecting mothers.Arguing that there are â€Å"long- term consequences† on pregnant women's health, the pejorative language of â€Å"potentially devastating† and sarcastic â€Å"useful opinions† further suggests society is unaware of the issues that is adjacent with substance use while expecting, and is a form of attack on the reader's. Heightening her irritation, Panic inserts s arcasm when using colloquial language â€Å"disturbing tidbits† and â€Å"bullied fatty', Shepherding readers to acknowledge her Inclusive' attempt to seem knowledgeable In the developing world.

International Human Resource Management in Japanese Firms Essay

During the 1980s, commentators and researchers of almost every stripe witnessed what was invariably seen as a miracle: the juggernaut Japanese economy. It seemed a perfect system, with all cylinders-from the political coordination of the economy through industrial structure and interfirm interactions to human resources management practices and cooperative relationships on the shop floor–clicking at high, flawless speed. In the mindset of the time, one question quickly followed: How could the American economic system, with all its contrasting warts and imperfections, hope to compete against this titan? Now, little more than a decade later, that sighting of a miracle has been downgraded rather substantially. In the words of a Fortune analyst (Powell, 2002), â€Å"Being compared to Japan these days, economically speaking, is about as low as it gets† (p. 91). The reasons for this decline are varied but include many of the same factors that supposedly accounted for its ascendance. Now, Keeley pulls back the curtain even more, exposing a system seemingly trapped in neutral. Keeley, a Westerner fluent in Japanese and professor in international management at Sangyo University in Japan, is well positioned to reveal the inner workings of the Japanese corporation, particularly its international human resources management (IHRM) practices, without the infatuation that marked many of the earlier reports. The inescapable conclusion from this volume: These practices create almost insurmountable competitive disadvantages. In addition, Keeley provides a deep look at the tenets of Japanese culture, the management and personnel practices tied to that culture, and the resulting business practices and organizational dynamics that characterize the modern Japanese corporation. In the process, he also offers up a compelling argument for diversity, not simply as an affirmative action accounting of staffing, but rather as a mindset of inclusion and involvement. For all those who read about the Japanese miracle of the 1980s, this book is an important corrective and should go on your reading list. It can also be recommended to anyone interested in the cross-cultural application or transfer of management or human resources practices, or organizational behavior in a global environment. Keeley launches his analysis with the observation that â€Å"the greatest challenge Japanese companies face in expanding their foreign direct investment is how to integrate host country national (HCN) managers into the management process of their oversees subsidiaries as well as that of the parent companies themselves† (p. ). The reasons why such integration is important are clear and simple: competitive advantage in a global economy requires that a multinational company (MNC) be able to tap the talents of local HCN managers; to do this, the MNC must be able attract, retain, and develop talented HCN managers. Absent this, the MNC will forfeit local expertise as well as violate host country antidiscrimination laws, something for which Japanese MNCs have a certain notoriety. More specifically, Keeley argues, the IHRM practices of Japanese MNCs are their Achilles heel, and this is due to the fact that â€Å"the Japanese system of management is so culture dependent that it is difficult to incorporate nonJapanese into the system, making internationalization of their organizations problematic. † (p. 9) This theme is examined more fully in Chapter 2, looking at the issues of cross-culture management and the importance of national culture on organizational dynamics. For example, using Hofstede’s (1991) national cultures variables, it is the work group-not the individual-that is the foundation of the Japanese organization. Japanese management techniques, such as lifetime employment, consensual decision making, and rewarding group members equally, are built upon the group. In Chapter 3, Keeley examines the three HRM practices that characterize the larger, global Japanese MNC: lifetime employment, a senioritybased wage system, and company-dominated unions. He also discusses the unique leadership role played by the personnel department. It is in this context that he reviews other distinctive features, like the long work hours of Japanese managers and the after-hours workgroup socializing that follows. Contending that this practice is essential to Japanese management, it is not common elsewhere, and Japanese managers find it difficult to manage without it. In this chapter, Keeley also does a good job reviewing the key traits of Japanese culture that so affect their HRM practices, including: strong ethnocentrism; an emphasis on the responsibilities of a (corporate) â€Å"household† (like paternalistic familism); harmony and loyalty in the context of vertically defined relationships; and the rigid separation of public face from private, personal feelings. Keeley also discusses how educational institutions are used as recruiting sources for corporate staffing. Although aspects of his review of Japanese culture, history, and institutions may be familiar to some, the coverage of Japanese IHRM practices in Chapter 4 is probably not. According to Keeley, Japanese firms were slow to move into investing in foreign sites and facilities, and it was not until the 1990s that Japan became a major foreign investor. Even so, only 8% of its manufacturing capacity was moved off shore, relatively small compared to the 17% for U. S. and 20% for German firms. On a continuum of IHRM practices, ranging from ethnocentric operations at one end to fully open and integrated global operations at the other, most Japanese firms would be classified as ethnocentric. Further, management positions in Japanese subsidiaries are invariably filled by native Japanese. Over the last 30 years or so, Japanese firms have consistently employed three to four times as many parent country nationals (PCNs) in manager jobs as have U. S. or European subsidiaries. Ethnocentric IHRM practices are also found in such other conditions as lack of local decision-making autonomy, demands for selecting and training PCN managers, substantial communication problems between PCN and HCN managers in Japanese subsidiaries, and even the pariah treatment that repatriating PCN managers experience when returned to Japan. In Chapter 5, Keeley continues his close and critical look at the interactions between culture and organizational behavior by examining communication and decision-making practices. This analysis is supported by the findings of his survey of Japanese subsidiaries in Singapore, Malaysia, and Australia in 1994 and 1996, as presented in Chapter 6. In the final chapter, Keeley draws out the implications of his analysis. HCN managers play a limited role in the management of local subsidiaries, with most decisions made at headquarters in Japan and communicated directly to the Japanese managers on site without local HCN manager involvement. These conditions make working for a Japanese subsidiary unattractive to many ambitious HCN managers, putting Japanese firms at a relative competitive disadvantage in the labor market. More generally, Japanese management practices are difficult to transfer to foreign operations and indeed may actually impede efficient and effective local operations. Both Japanese culture and their business operations create formidable barriers to effective integration. In short, Japanese MNCs seem tuck in an ethnocentric mode of operation that virtually dooms them to long-term mediocrity in the global economy. Keeley concludes that in order for them to succeed in a global economy, Japanese companies must transcend their ethnocentric attitudes and IHRM policies and practices and look at diversity, not as a defeat, but as a strength. Although some firms have recently begun to acknowledge this, most show little interest. International Human Resource Management offers an abundance of information and insight into the global HR operations of Japanese firms. In addition, it also provides an intriguing, more general assessment of the challenges involved in managing cross-culturally and the importance of effective diversity management. The book is well written. The frequent use of acronyms, like HCN and PCN, eventually becomes easy to follow. Though I found Chapter 6 on the author’s own research somewhat anticlimatic, all in all this is a fascinating tour book and is recommended without hesitation.

Demat Account Essay

I would like to thank my Branch Manager for being a support throughout my Project work. Mr. Deepak Chaudhary has always encouraged me to stay focused towards my project no matter what the conditions are. I have furthermore to thank my respected Project Guide Dr. Renuka Sharma who gave and confirmed this permission and encouraged me to go ahead with my Project. She always guided me in the right direction whenever I asked her for help. I would also like to thank God for giving me the patience throughout my project and my parents who supported me and helped me in all ways. Without all, I could not have successfully completed my project properly in time with adequate data and relevant substance in it. Thanking you, Mehak Mehta CUN120550046 3 Executive Summary This project is about creating a portfolio product that would help Angel Broking. We all know that stock market is a risky investment alternative for all but it is good if investor can make money out of it. The regulatory body for the stock market is SEBI who controls all the activities of the market on daily basis and try to do transaction in a legal way so as to avoid the scams and to protect the interest of the investors. Now days there are many Portfolio managers and Fund managers who invest on the behalf of the investors and they assured them fixed rate of return on their investment in a particular period of time. They all applied various kinds of model to measure the risk available in the market and the tools to manage that risk. There are various kinds of risk which is mainly categorize in two parts 1. Macro level risk 2. Micro level risk I. Macro level risk :- It consist of Systematic and Unsystematic Risk. Systematic risk is that which cannot be reduced but Unsystematic risk can be controlled. Micro Level risk:- It consist of various kinds of risk which are prevailing in the market like Business risk, Market risk, Liquidity risk, Exchange rate risk, Financial risk, Currency risk and Country risk The above are the broad categories of the risk in the market. As we can see from the recession that the global markets also have their impact on the Indian market because now a days companies are doing business at global level so the market of one country can affect the market of other countries also. So we cannot avoid the risk but we can manage the risk and minimize it. In my project I have done the same thing by applying the various models or tools which are helpful to manage the risk while doing an investment. Purpose/Objective of the study:? ? The purpose of the study is to give a portfolio product to Angel Broking as per the needs of the population of Ludhiana region. Endeavour to create wealth over the medium to longer term through investments in equities, across market capitalization by focusing solely on the following:? To measure the risk available in the market, taking into consideration the Nifty 50 stocks. To look deep into the fundamentals of the companies as well as the concerned industry. ? To calculate the expected return from the shortlisted stocks as well as from their concerned industry. ? To measure the risk/reward value of investors’ assets class choices 4 Research Methodology Used in the Project:Type of research project is Descriptive and Exploratory. To make a research project we need to see that whether there would be scope of this study or not, because if our study is not having scope then the whole work done will not be effective. The scope of this study is there in the market because in today scenario everyone looks for the safe and risk free return but they don’t know how to manage the risk which is there in the market so by the help of this study and after seeing the relevance, the Financial managers or the investment companies can take benefit out of it. Because by this they will come to know about the tools to manage the risk and they will be able to sell more investment products because by using it they will be able to give safe return to the investors which will lead to an increase in their goodwill in the market. Methodology used to making of this project is Descriptive research design. Once we decide with the type of research design we need also to know about the collection of data. I have used the secondary method to collect the data from the market. For this purpose different websites are being search out for the relevant information for making the project and various research paper and articles were also studied so as to get reference from those articles. Once I am done with the data collection and fundamental analysis, I then need to apply the tools. In my project I have used mainly four tools BETA, CAPITAL ASSET PRICING MODEL (CAPM), STANDARD DEVIATION and SHARPE INDEX. Sharpe Index tells us the excess return we can generate from the investment. Beta tells about the volatility of the risk. CAPM tells us about the Expected return on the stock, and Sortino ratio tells us that out of the stocks which are giving negative return which will be the stock that will give positive return in near future. Thus by applying all these models we come to know that we can also minimize our risk but for that analysis should be done so as to enjoy the safe return on the investment. Findings:- After applying all the above models I have come to know the Beta of my portfolio, expected return that my portfolio will generate. CAPM help us to know that how much would be expected return on the stock and then we can compare the actual return with the expected return and invest accordingly. Beta helps us to know the volatility of risk in the market and then we can do risk return tradeoff so as to invest in best stock as per our analysis. And Result of Sharpe ratio helps us to compare with the expected return and then do the Sortino ratio if required. 5 Table of Contents I. Introduction to the corporation. Business carried on by parent company and group companies along with brief history, promoters & vision Introduction to the parent firm Main competitors Number of employees Organization Structure Study of functioning of all the departments of the company SWOT Analysis Financial Statement Analysis Trend Analysis Strategies adopted Profitability Analysis Review of Literature ? ? ? Review of articles Need of the study Objectives of the study III. Research Methodology adopted IV. Details of actual work undertaken V. Interpretation & Analysis VI. Conclusion and Suggestions ? ? VII. Findings of the study Recommendations of the study Glossary VIII. Bibliography 6 Chapter-1 Introduction to the corporation and company 7 Business carried on by the parent company 8 Angel Broking Registered Office Corporate Office G-1, Ackruti Trade Center, Road No -7, 6th Floor, Ackruti Star, Central Road – MIDC, MIDC, Andheri (E), Mumbai – 400 093. Andheri (E), Mumbai – 400 093. Tel: (022) 2835 8800 / 3083 7700 Tel: (022) 3935 7600 9 About the company Angel Broking’s tryst with excellence in customer relations began in 1987. Today, Angel has emerged as one of the most respected Stock-Broking and Wealth Management Companies in India. With its unique retail-focused stock trading business model, Angel is committed to providing ‘Real Value for Money’ to all its clients. The Angel Group is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and the two leading Commodity Exchanges in the country: NCDEX ; MCX. Angel is also registered as a Depository Participant with CDSL. Vision To provide best value for money to investors through innovative products, trading/investments strategies, state of the art technology and personalized service. Motto To have complete harmony between quality-in-process and continuous  improvement to deliver exceptional service that will delight our Customers and Clients. 10 CRM Policy. A Customer is the most Important Visitor on our premises. He is not dependent on us, but we are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favour by serving him. He is doing us a favour by giving us an opportunity to do so. † – Mahatma Gandhi Business Philosophy ? ? ? ? Ethical practices ; transparency in all our dealings Customers interest above our own Always deliver what we promise Effective cost management Quality Assurance Policy We are committed to providing world-class products and services which exceed the expectations of our customers, achieved by teamwork and a process of continuous improvement. 11 Evolution of Angel Group ? MR DINESH THAKKAR, CHAIRMAN ; MANAGING DIRECTOR, ANGEL GROUP, started this Journey as a SUB-BROKER in 1987 with 3 Employees and 25 Clients. 1997-2003 ? Dec’97: Incorporation of Angel Broking ? July’98: Angel Research Division started ? Mar’02: Web-enabled back office software developed 2004 ? Apr’04: Incorporation of Commodities Broking ? Sep’04: Launch of internet trading platform 2005 Awarded prestigious â€Å"Major volume driver† award 12 2006 ? ? ? ? Jul’06: PMS function launched Sep’06: Commences MF and IPO distribution Oct’06: Awarded â€Å"Major volume driver† award Dec’06: Crossed 2,500 business associates 2007 ? Oct’07: â€Å"Major volume driver† award for third consecutive time ? Nov’07: Crossed 1. 5 lakh mark in DP account ? Dec’07: IFC acquired 12. 35% stake in Angel Group 2008 ? ? ? ? ? Jan’08: Commences insurance distribution Feb’08: Ranked 1st by NSE for Registered intermediaries May’08: Third party distribution business ramped up Sep’08: Ranked 1st on NSE for largest sub-broker network Major volume driver† award for the 4th consecutive time 2009 ? Jan’09: Ranked 1st on NCDEX on the basis of turnover ? May’09: Awarded the â€Å"Best Retail Broking House† and the â€Å"Broking House with Largest Distribution Network† by Dun ; Bradstreet ? Two Analysts won the ET Starmine Analyst Award ? â€Å"Major volume driver† award for the 5th consecutive time 2010 ? Nov’10: â€Å"Major volume driver† award for the 6th consecutive time 13 2011 ? Mar’11: Awarded the Best Contribution in Investor Education ; Category Enhancement of the Year – Angel Broking Ltd and Broker with Best Commodity Research of the Year – Angel Commodities Broking Pvt. A very strong and dedicated Research and Advisory desk. ? One of the highest success ratios in both technical and fundamental calls. ? An excellent IT infrastructure in place with over 18144 trading terminals and 610 VSATs with a server uptime of 99. 9%. ? 100% Retail centric focus and total commitment towards retail customers. ? Some of the best fund managers running our Portfolio Management Services to enable clients to minimize their risk, enhance return and diversify their portfolios. ? Training Programs to upgrade the knowledge base ; competency levels of our employees, channel partners ; even our end customers. Understanding client’s risk ; return profile Offering the right blend of sector and stock exposure Giving dedicated Investment Advisors Giving a choice of different schemes to suit every individual investor preferences Catering to Individuals, HUFs, Corporate, NRIs, Trusts ? Angel Commodities ? ? ? ? Personalized services through branches ; regional hubs Trading ; Relationship Mgmt. Services in Bullion, Base Metals, Energy ; Agri. futures Opportunities in hedging ; portfolio diversification, speculation ; arbitrage Training ; Educational Seminars on Commodities ? Angel Currency Futures ? ? ? ? Comprehensive coverage on Currencies (‘Rupee’ to ‘Euro’, ‘Dollar Index’ to ‘Yen’). Reports covering in-depth fundamentals of the currencies. Latest economic data releases with their likely impact, along with â€Å"Technical levels† Comprehensive reports on currencies ideally suited for any investor / trader. ? Angel Gold ? ? ? ? Personalized Investment Advisory Portfolio Restructuring ; Continuous Monitoring Guidance from Experienced Research Team Periodic Group Meetings with Investors. ? Specialized Products Margin Funding ? Facility to allow clients to take higher exposure 20 ? ? ? Instant Liquidity for Clients Margin is deposited in Cash as well as Collaterals Enabling Clients grab Earning Opportunity Pre-Paid Brokerage ? ? ? ? ? ? Zero Account Opening Charges Attractive Brokerage Rates Free DP AMC for 1 year Assured gifts worth thousands with every account Easy ; Fast Recharge Free Financial Investment Application with every account ? Depository Services ? ? ? ? ? No physical instruction required for the client’s sell obligations Lowest transaction charges in the country Acceptance ; execution of instruction on fax A combined monthly ‘Bill-Transaction-Holding cum Ledger’ statement Efficient pledge mechanism ? Value Added Services Request response SMS Example – DP Holding, Pool Holding, Ledger update etc ? Insurance ? ? ? Products to meet the triple objectives of risk coverage, investment and tax planning Assessment of your Insurance needs after proper risk profiling A wide array of individual life cover plans to meet your Protection, Savings and Retirement needs ? Mutual Funds ? ? ? ? ? Tie- ups with all major AMCs Dedicated Relationship Manager for Business Partners Exclusive MF Research Reports by Angel (Daily/ Weekly/Monthly Mutual Fund Reports) MF Portfolios as per Investors Financial Goal Common Gateway for all Mutual Funds related queries ? Loans, IPO and Fixed Deposits Products distributed by Angel include: Unsecured Loans ? Personal/Business Loans/Credit Cards Secured Loans ? Home Loans/ Loan Against Properties ? Loan Against Securities / Gold IPO – Distribution, Advisory and Helpdesk Fixed Deposits NHB Term Deposits 22 Distribution Model Short form Full form Details CSO Central Statistical Organization Mumbai RO Regional Offices 24 Branches Branches 190 SB Sub-Brokers 10000+ Clients Clients 1900000+ 23 Business carried on by the particular firm 24 Angel Broking Regional Office. Rewards ; Recognition 27 E-broking Unique Online Trading products customized to suit different Investment / Trading needs – ? ? ? Angel Investor Angel Diet Angel Trade Back-Office Online Client Details includes – ? Ledger balances ? Cash Deposits with Angel ? Securities Holdings ? ? Charges levied/paid in the client’s account Last auction / close-outs effected ? DP Holding for the last 3 transactions 28 Advisory Intraday calls BTST calls Long term calls Angel Trading 29 Positional calls Main Competitors Major players in the region are as follows:- 30 History of broking firms Brief history of some broking firms – The birth of Karvy was on a modest scale in 1981. It began with the vision and enterprise of a small group of practicing Chartered Accountants who founded the flagship company, Karvy Consultants Limited. ? They started with consulting and financial accounting automation and carved inroads into the field of registry and share accounting by 1985. ? Since then, karvy utilized its experience and superlative expertise to go from strength to strength, to better their services, to innovate, diversify and in the process, evolved as one of India’s premier integrated financial service enterprise.

Students Should Take Up Part-Time Jobs During School Holiday

1. America's love affair with Taylor Swift seems to have hit a rough patch. She quickly won over fans by sharing her everygirl boyfriend woes, including how she was dumped by Joe Jonas during a 27-second phone call. 2. The most recent blowback comes from her fan mail dumping scandal. As omg! reported Tuesday, hundreds of letters that had been carefully crafted (and decorated with stickers and glitter! ) by her loyal fangirls and boys and sent to the star were discovered, unopened, in a Nashville dumpster. Though a spokesperson for the singer explained it was an accident, there has been a strong backlash – even here on omg!Then there was the unnecessarily harsh comment Swift directed at Tina Fey and Amy Poehler for making a joke – again, a joke – about Swift's taste in younger men. Not only was the one-liner from the Golden Globes tame – and not so off-base considering her last two boyfriends were both 18 – but the star's love life is a daily punch l ine both on TV and the Internet, so it was unclear why she singled out the two very likable – and darn funny – comedians with the stinging comment to Vanity Fair that, â€Å"There's a special place in hell for women who don't help other women. 3. Perhaps the most damaging blowback has become Swift's ex-boyfriend bashing. While it was once charming to hear a story of her heartbreak woes (we have never ever ever felt the same about Joe Jonas! ), Swift has been blowing through famous boyfriends – others have included Harry Styles, Jake Gyllenhaal, John Mayer, Taylor Lautner, and Conor Kennedy – and then making money off them by slamming (most of) them in her songs.Her performance at the Grammys, in which she was viewed to have mocked Styles by breaking into a faux British accent mid-song, especially raised eyebrows and prompted us to ask, â€Å"Is Taylor Swift the Worst Ex-Girlfriend Ever? † It's that unapologetic nature that rubs some the wrong way, especially when not all of her exes have the huge worldwide platform she does to defend themselves. 4. Taylor Swift has an incredibly strong brand and her earning power remains as high as just about anyone in music,† Forbes senior editor Zack O'Malley Greenburg tells. â€Å"She has done pretty well by writing about it. How many hit songs has she had? Maybe if she settles down – and perhaps gets married – there will be other things to write about. † Until then, she should keep in mind, â€Å"If you're talented and doing well – like she is – you really don' t need to take personally everything that everyone says about you. †

Cultural differences in nonverbal communication Research Paper

Cultural differences in nonverbal communication - Research Paper Example The different ways of expressing nonverbal communication become pronounced especially in a multicultural context. Different cultures have different ways of expressing themselves nonverbally. However, it is worth noting that there are nonverbal communication ways which are similar across the board. One unique feature about nonverbal communication is that forms of expression used in a culture to express a particular message may not express the same message if used in another culture. Nonverbal communication forms can therefore be said to be the same across the board, but the ways they are used differs a great deal and hence the messages they communicate differ a great deal depending on how and where they are used. Because of these fundamental differences across the board, it therefore becomes possible for subjects to communicate different messages when using nonverbal communication forms in a multicultural context without their knowledge. This leads to a breakdown of communication and emergence of conflicts. This is the subject of this research paper. The paper will make a detailed discussion of cultural differences in nonverbal communication. NONVERBAL COMMUNICATION A clear understanding of nonverbal communication is essential for a proper discussion of the objective of this paper. According to Martin and Friedman, nonverbal communication is a way of passing messages or/and emotions without using words. Ways in which verbal communication is expressed include â€Å"facial expression, gestures, gaze, touch and vocal cues† (Martin and Friedman 3). Davis describes nonverbal communication with more features and includes actions such as â€Å"rolling your eyes, how you look at someone, your posture, whether you move your hands, how close you stand, the tone of your voice and the speed at which you speak† (233). In the views of Prinsen and Punyanunt-Carter, nonverbal communication also includes touching and eye contact. Basically, it can be argued that no nverbal communication makes use of body organs to communicate. The manner in which the body organs are twisted or moved or altered can communicate differently. These movements of body organs are numerous and all of them cannot be mentioned in this paper. This is especially the case when different cultures are involved. Martin and Friedman argue that nonverbal communication is quite essential especially where â€Å"verbal communications are untrustworthy, ambiguous or otherwise difficult to interpret† (Martin and Friedman 3). Topan shares the same views and adds that nonverbal communication is more important than verbal communication. He argues that this is because â€Å"up to 93 percent of all communication takes place at a nonverbal and paraverbal level† (Topan 132). Davis equally concurs by saying nonverbal communication has more effect than words (233). Nonverbal communication has clearly been ranked top as the best means of true expression. Indeed, Topan argues tha t people will choose to take the message they see in place of the one they hear (136). This simply means if there is a contradiction between what one is saying verbally and nonverbally, then the message communicated nonverbally is taken as the actually intended message that is being communicated. With a good understanding of what nonverbal communication is and even more importantly its significance, it is therefore necessary to examine how different cultures express themselves nonverbally. At this point, it is

To what extent has internationalisation of Chinas firms been Essay

To what extent has internationalisation of Chinas firms been successful Why do Chinas firms, especially large ones, internationalise their operations) Use business examples to illustrate your argument - Essay Example le of the approaches of the organisations and their behaviours is decisively important in mounting the performance of the business units in the contemporary business world. It is believed that structures and the behaviours of the organisations towards their business growth and operations have further determined the operational direction of the business upto a considerable extent. It has been apparently observed that the approach of the modern day organisations in business is multidimensional in nature which includes various noteworthy activities such as leadership, creativity and motivation that collectively contribute towards organisational success. It is worth mentioning that efficacy of the organisations in every possible business domain will ensure its position in the global business environment and work as a major influential factor for organisational performance in the long run (Ding, Michele, and Pavlovich 148-152). Contextually, it has been analysed that the performance of an y business is also largely dependent on the approach of the companies towards gaining a competitive position in the global business market. For instance, the companies that bind their operations limited to that of national boundaries will not be able to gain long-term sustainability and maximum growth for the business. This aspect further encourages companies to perform with utmost courage and take every possible step to grow the business operations on a larger scale. This aspect is also accompanied by the approach of the businesses towards globalising their business operations and operating in more competitive environment further enhancing the competitive competency of the business. This approach of modern day companies towards enhancing or expanding their business operations in the global business market is termed as internationalisation. It is evident that owing to globalisation companies intend to expand their business operations in the global platform for ensuring their wider

Evidence based practice Essay Example | Topics and Well Written Essays - 2000 words - 2

Evidence based practice - Essay Example We aim to look deeply into the methods used in this research to come to a conclusion whether the results that are given are credible and whether we can be relied on. In this study a sample group of 61 adolescents diagnosed with cancer is used. This number is not good enough as there are many types of cancer and a larger group would have given better results. The reference group used to compare the mental health and vitality of the patients and the adolescents who were normal comprised of 300 young adults. Interviews were done by phone which brings in the possibility of lack of integrity. Though we can’t rule out the possibility that the adolescents interviewed gave correct information, they could also have given false information as there was no direct contact with the interviewer (Woodgate, 1999, Parry & Chesler, 2005). In the study we are not given the names of the adolescents who were interviewed. That speaks positively of the condition of anonymity required for social and scientific surveys. From the results, the adolescents diagnosed with cancer show reduced mental health and vitality, their depression levels are high compared to that of the reference group which shows higher levels of mental health and vitality and lower levels of depression. This report can be faulty taking that many of the patients receive treatment after a period of time and they are likely to undergo depression at such times due to the effect of the therapies. The adolescents can therefore suffer from low mental health and vitality for as long as they are undergoing the treatment and then the levels of mental health and vitality start rising once treatment is over. The results are collected up to 48 months after the first test. The study concludes that their mental health at that time is higher than that of the reference group. This is also a matter of probabilities as the adolescents suffer from other problems like lack of funds, they are unable to play well, some drop from sc hool as their parents or guardians are not willing to continue paying for their fees, some feel isolated and also some feel that their parents are too caring always calling them to check whether they are safe and taking medication (Collins et al., 2000; Ware & Kosinki, 2001; Tedeschi & Calhom 2004). There are also other problems which come as a consequence of smarting from cancer like change of facial appearance and baldness which can make the adolescents’ esteem to be very low. This can cause lower mental health and vitality and can cause the levels of depression to be higher than that of the reference group. The increased mental health could have been attributed to accepting the situation and learning to live with it and also by efforts from counseling and guidance which are not mentioned in the study. There are other disorders that make the adolescents to have low mental health and vitality apart from cancer. The reference group that was used does not reflect such a situat ion. It is common to find adolescents who are suffering from diseases like diabetes and TB which as well will cause the levels of depression to rise. This means that at one time the reference sample may show results where the

How does globalization affect cultural imperialism and communities in Research Paper

How does globalization affect cultural imperialism and communities in regard to immigration - Research Paper Example Arguably, western powers have continued to extend their grip all over the world politically, economically and culturally. Labor is very important in our lives as it assures individual survival and the life of species (Arendt 8). This paper presents a very thoughtful discussion on how globalization affects cultural imperialism and communities concerning immigration. The first section provides the negative and positive aspects of cultural imperialism resulting from globalization, and the second part explains whether cultural imperialism has a positive or negative effect on communities of citizens and immigrants. With the increasing globalization and creation of global cities, may people shift to the cities; therefore, population change seen in these cities is as a result of globalization (Martinez-Fernandez et al 214). Arguably, the process of globalization was promoted by the expansion of the humanitarian system since the end of the Cold War (Barnett 723), and with the ongoing globali zation, the major aim of this process is to bring in cultural uniformity all over the world, and leaving no space for diversities. Globalization focuses on imposing American culture and way of life to accepted or embraced throughout the world. Globalization interferes with cultural imperialism and various communities as well as individuals’ lifestyles. Many people are afraid that the spread of globalization leads to the homogenizing different societies across the globe. Globalization entails accepting American culture as the dominant one, for instance, American multinationals such as Coca-Coca and McDonald are some of the most powerful corporations that have spread globally and influenced global consumer culture. These corporations have exerted a strong influence on local character and lifestyle. Arguably, American values have been embraced in various parts of the world, that is, their Hollywood movies, food, clothing, and many more, and this can be described as cultural impe rialism. More so, the spread of globalization through global media and multinational dispensations has promoted the erosion of local cultures and traditions, and this has greatly interfered with individual’s cultural identity. It is in the interest of the United States to encourage the development of a world where their economic and political interests would prevail, a common language is English, and the common values are developed to be in line with the values which Americans are comfortable with. Creating a global culture entails the promotion of a particular lifestyle, and globalization has strengthened the dominance of the world capitalism leading to elimination of local cultures and traditions through a global culture. Arguably, globalization brings about a homogenized global culture and the native cultures eroded, and this global culture leans heavily towards the West; therefore, from a cultural perspective, the process of globalization is largely the spread of American ization. Furthermore, today, we live in a consumers’ society where labor and consumptions is part and parcel of our lives (Arendt 126), and so, globalization has enabled the distribution of high tech machines to various places worldwide so as to make labor and work activities easier,

Mall of America Essay Example | Topics and Well Written Essays - 250 words

Mall of America - Essay Example The Mall has numerous stores, which are almost over 520 offering shopping and varied entertainment places for each person despite the age. For illustration, LEGO stores that possess numerous models meant for entertaining children. The offered services range from school-oriented through medical office to a wedding chapel (Kerin, Hartley & Rudelius, 2011). The information’s essence serves in informing the large clientele, which is unaware of the quality services offered by the mall. In addition, it imparts more knowledge to its clients who may have no knowledge regarding other services offered in the mall besides its humble beginning. The drawn inferences regarding the mall; due to its complex shopping mode, it will continue to be a center for entertainment offering diverse, fascinating services. Since, its main attraction entails using human life’s zeal for entertainment (Kerin, Hartley & Rudelius, 2011). However, the Mall’s efforts meant to maintain it at an aggressive edge, encounter challenges that prompt essential questions that entail adequate considerations. The questions comprise: Extending ideas that will ensure the stability of the Mall of America will be extensive and sound advertisement globally via online services. This will augment its popularity, thus attracting large clientele and visitors as tourists from other

Case36 Assignment Example | Topics and Well Written Essays - 500 words

Case36 - Assignment Example The concept became known as kickbucks. The program rewarded registered iPhone and Android users who entered a participating retail location. Kickbucks could be turned into gifts cards, discounts, download songs, movie tickets, Facebook credits, or charitable donations. The concept gained popularity and expanded into 1,100 retail stores across the U.S. (Ankeny, 2011). Cynac Roeding wanted to turn a rewards program into a fun experience for everyone. Kickbucks incorporates a patent pending device located at each store that emits a signal that can be picked up by cellular devices within range. Retailers control the value of kickbucks. The shopper demographic of kickbucks contains 55% females and 49% between the ages 25-39 which is a great shopper demographic. Kickbucks provided an incentive for customers to come into the store. Greater rewards obtain higher traffic results. The success of kickbucks was realized in part due to the desire of customers of integrating their mobile devices into their shopping experience. The article showed how innovation can be applied to the marketing function of an enterprise. Mr. Roeding was able to invent a system that utilized cellular phones as a hub to identify walk by traffic into stores. People would get rewarded for just visiting the store. The idea of kickbucks was revolutionary because most rewards programs typically entail the purchase of goods from a store. Kickbucks started as a program to drive traffic into cellular stores, but other companies liked the idea so much that soon the system was implemented by Roeding at all types of retail establishments. It is a common fact that a lot of people buy on impulse. Kickbucks indirectly generate sales for stores because it brought people into your establishment. The cellular industry is one of the fastest growing sectors as the cellular has become people’s

Business Strategy Essay Example | Topics and Well Written Essays - 2000 words - 1

Business Strategy - Essay Example Outsourcing and offshoring are some of the new business concepts contributed by globalization. These business strategies help the entrepreneurs to exploit overseas markets. Those who stick with the old business strategies may not take advantage of these revolutionary business concepts and may struggle to survive in the market. â€Å"Competition existed long before strategy. It began with life itself† (Henderson,1989, 139). Competition is becoming intense in every field of life and business is also not an exception. In order to stay in the market most of the organizations devises new strategies and approaches within and outside their organization. According to Markides (1999:6) â€Å"Behind every successful company there is a superior strategy; however there is little agreement on what strategy is or how to develop a good one†. This paper critically analyses the importance of strategy in business. Importance of strategy in business â€Å"There are two major types of str ategy: (1) corporate strategy, in which companies decide which line or lines of business to engage in; and (2) business or competitive strategy, which sets the framework for achieving success in a particular business†(Strategy formulation, n. d). Business strategy seems to be getting more attention than the corporate strategy because of the importance of it in determining future of the organization. ... For example, the recent financial crisis came quite unexpectedly and many big organizations struggled for survival. However, the negative effects of recession have not affected some organizations very much. For example, Apple Inc escaped from recession without much trouble whereas Lehman Brothers faced immense problems. This is because of the better business strategies of Apple Inc compared to that of Lehman Brothers. Negative entropy, Feedback and Steady state etc are some of the business strategies adopted by organizations. Negative entropy is a scenario in which organizations conserve something for the harder times. Apple Inc succeeded in conserving something for the harder times whereas Lehman Brother failed to do so. Feedback is another important business strategy through which an organization fine tunes its strategies. Negative feedback enables the organization to correct deviations or problems. For example, most of the new products developed by organizations will be tested in the market for a substantial period of time before the introduction of the final product. This is a business strategy adopted by organizations ensure the success of the new product in the market. Steady state refers to the balance to be maintained between inputs from the external environment and the outputs going back to it. In other words, â€Å"Companies should define their strategy not based on the product they are selling, but according to the underlying functionality of the product they are selling† (Markides, 1999, p.6). It is necessary to know the market requirement of a product before deciding about the amount of production. So the inputs from the market collected through various market research methods will help an organization decide about