Research Journal Assignment Paper Example | Topics and Well Written Essays - 1000 words

Diary Assignment - Research Paper Example e had the option to get their suggested every day admission of foods grown from the ground, we would see emotional declines in our nation’s passings from coronary illness, diabetes, and other incessant illnesses†. This asset contains a great deal of data that ought to be made accessible to people in general. Hotel deed, I have learnt through this source supplements don't shield me from unreliable dietary patterns as prior idea. This article starts by illuminating us that there are individuals who take supplements not realizing that they are taking illicit enhancements that are inconvenient to their wellbeing. The weight reduction sedate DNP has come about to at any rate three passings. Enhancements have progressively picked up acknowledgment particularly to rec center goers who need to upgrade their physical make-up. Anyway this individuals neglect to comprehend that proteins, whose primary constituent is amino acids, are the best alternative. Enhancements can be utilized adequately when utilized between suppers. â€Å"One item being sold wrongfully yet accessible online,â mainly fromâ suppliers based outside the UK, is 2,4-Dinitrophenol (DNP). DNP is a blend of aggravates that was initially showcased during the 1930s as a weight reduction tranquilize. It is profoundly harmful and causes huge reactions, and has prompted in any event three announced deaths.† This article starts by expressing that it is so hard to manufacture muscles. It taunts the individuals who feel that enhancements can manufacture their muscles inside days. Type II muscle filaments are liable for quality and size. You should lift loads and cause enough pressure for them to enlist satellite cells with the goal that they develop. This article starts by calling attention to that it has been affirmed by the American dietetic Association that decent eating regimens are more. Dietetic experts should step up to the plate and teach the overall population on refreshing dietary examples and solid utilization of wholesome enhancements. While a fair eating routine is better than lousy nourishment and will secure against nutrient insufficiency, the primary issues with the

Strategic Management of Information Systems Essay - 1

Key Management of Information Systems - Essay Example The Information Systems (IS) can be considered for instance of such area. Truth be told, it appears that the association between IS technique and business procedure is very close. This implies the achievement of business procedure is exceptionally relied upon the adequacy of IS methodology and the other way around. Then again, the intercession of IS procedure on business methodology isn't normalized, as of its level; rather contrasts can be distinguished across organizations in various ventures. The connection between the IS technique and the business system is investigated in this paper by alluding to a specific association. The firm works in the monetary administrations industry; it is suggested that the reliance of the firm on IS frameworks is solid. During the most recent 3 years the firm has figured out how to accomplish a fast development, a reality that has been identified with the viability of its IS. Be that as it may, disappointments, at operational level, have not been evaded, a difficult that could influence the business execution in the long haul. The introduction and examination of the firm’s IS procedure and business technique could assist with understanding the job of these methodologies in the accomplishment of upper hand and the rules that an effective venture on IS frameworks should meet. At the following level, suggestions are made for building up a hazard the executives procedure with the goal that the odds for serious authoritative disappointment s later on are limited. Inside every association IS can have an alternate job. For instance, there are IS frameworks that are created for tending to explicit business issues (Oz 2008). There are likewise IS frameworks that are presented distinctly for ‘creating opportunities’ (Oz 2008, p.42). These open doors mean to assist an association with increasing its seriousness in its industry, either at nearby or worldwide level (Oz 2008). The above IS frameworks are otherwise called ‘strategic data frameworks, SIS’ (Oz 2008, p.42). These IS frameworks are of basic significance for business

Word of the Week! Giblets Richmond Writing

Word of the Week! Giblets Richmond Writing Vegetarians and Vegans beware: Im going to focus on meat this week before Thanksgiving. I came up with our Word of the Week while slicing liver to dehydrate as doggie treats for our farms enormous livestock guardian dogs. Our two Anatolians, one at 100 pounds and the other pushing 200, eat a lot, but they earn their treats by keeping predators away from our chicken run and the flock. Next week, I will have to deal with giblets as I prepare to roast our turkey (not Turkeythat home of   Anatolian dogs and worth its own entry here).   We humans have hearts and livers, but what on earth is a giblet, anyhow? You may have had them in gravy and half-wondered, or perhaps you did not wish to know. The OED provides an etymology dating to Old French  gibelet, apparently a stew or ragout of game.   In modern usage, only one meaning survives and as a plural, as those portions of a goose taken out or cut off before cooking, the liver, gizzard, etc., with the pinions and feet. So giblets are whatever gets left over, things we Americans rarely eat. Supermarket turkeys often do not include them today, though once they were always frozen deep in the carcass of the fowl.  Incidentally, giblets need not be from a turkey. For years I considered them some sort of bizarre internal organ particular to turkeys. Thus being raised a city boy! Metaphors that have died out attest to wider use. The OED entry notes that until the late 19th Century, a giblet could be anyone or anything no longer of value: a leftover. Now you must excuse your writer. Im off to the butcher shop to get a 5-pound bag of chicken feet. They too get dehydrated for the dogs, so they protect the other chickens instead of licking their chops while they watch over them. If Im very lucky this hunting season, Ill be adding a deers heart and liver to the dogs menu. They never cease rewarding me for their treats, a good thing: the male is a lot bigger than I am! Whether youve stuck with me despite your upcoming Tofurkey feast or whether you, like Joyces Leopold Bloom, eat with relish the  inner organs  of beasts and fowls I wish you all a delightful Thanksgiving, the last non-commercial holiday on our calendar. I suppose Black Friday does not count, though that too merits a post. Please send us words and metaphors useful in academic writing by e-mailing me (jessid -at- richmond -dot- edu) or leaving a comment below. See all of our Metaphors of the Month  here  and Words of the Week  here.

Is the Basking Shark a Vegetarian

Youre hanging out at your favorite beach, and suddenly a fin slices through the water (cue the Jaws  music). Oh no, what is it? Theres a good chance that its a basking shark. But not to worry. This huge shark is just a plankton eater.   Basking Shark Identification The basking shark is the second-largest shark species and can reach lengths up to 30-40 feet. Weights for the basking shark have been estimated at 4-7 tons (about 8,000-15,000 pounds). They are filter-feeders who are often seen feeding near the surface with their huge mouths agape. Basking sharks got their name because they are often seen â€Å"basking† on the surface of the water. It may appear the shark is sunning itself, but in fact, it is often feeding on tiny plankton and crustaceans. While it is at the surface, its prominent dorsal fin, and often the tip of its tail, can be seen, which may cause confusion with the Great White or other more threatening shark species when a basking shark is seen from land. Classification Kingdom: AnimaliaPhylum: ChordataClass: ElasmobranchiiOrder: LamniformesFamily: CetorhinidaeGenus: CetorhinusSpecies: Maximus Basking Shark Habitat and Distribution Basking sharks have been reported in all oceans of the world. They are found mainly in temperate waters but have also been seen in tropical areas. During the summer, they feed near on plankton near the surface in more coastal waters. It was once thought that basking sharks hibernated on the ocean bottom in the winter, but some research shows that they migrate to deeper waters offshore and also shed and re-grow their gill rakers, and a study published in 2009 showed that basking sharks traveled from Cape Cod, Massachusetts, all the way to South America in the winter. Feeding Each basking shark has 5 pairs of gill arches, each with thousands of bristle-like gill rakers that are up to 3 inches long. Basking sharks feed by swimming through the water with their mouths wide open. As they swim, water enters their mouth and passes through the gills, where the gill rakers separate out plankton. The shark periodically closes its mouth to swallow. Basking sharks can strain up to 2,000 tons of salt water per hour. Basking sharks have teeth, but they are tiny (about  ¼-inch long). They have 6 rows of teeth on their upper jaw and 9 on their lower jaw, totaling about 1,500 teeth. Reproduction Basking sharks are ovoviviparous and give birth to 1-5 live young at a time. Not much is known about the basking sharks mating behavior, but it is thought that basking sharks exhibit courtship behavior such as swimming parallel to each other and gathering in large groups. During mating, they use their teeth to hold on to their partner. The gestation period for the female is thought to be about 3  ½ years. The basking shark pups are about 4-5 feet long at birth, and they immediately swim away from their mother at birth. Conservation The basking shark is listed as vulnerable on the IUCN Red List. It is listed by the National Marine Fisheries Service as a protected species in the western North Atlantic, which banned hunting of the species in U.S. Federal Atlantic waters. Basking sharks are particularly vulnerable to threats because they are slow to mature and reproduce. Threats to Basking Sharks Hunting for liver: The basking shark was hunted widely for its huge liver, which is full of squalene (shark oil) and is used as a lubricant, in cosmetics, and in supplements.Shark fin soup: The basking shark is also hunted for its large fin, which is used in shark fin soup.Hunting for meat: The basking shark has been hunted for its flesh, which can be eaten fresh, dried or salted.Bycatch and entanglements: Sharks are also susceptible to entrapment in fishing gear intended for other species (bycatch), either while the gear is actively being fished or when it is ghost gear lost in the ocean. Basking sharks were hunted extensively in the past, but hunting is more limited now that there is greater awareness of the vulnerability of this species. Hunting now occurs mainly in China and Japan. Sources: Fowler, S.L. 2000. Cetorhinus maximus. 2008 IUCN Red List of Threatened Species. (Online). Accessed December 17, 2008.Knickle, C., Billingsley, L. K. DiVittorio. 2008. Basking Shark. Florida Museum of Natural History. (Online). Retrieved November 3, 2008.MarineBio. Cetorhinus maximus, Basking Shark MarineBio.org. (Online) Retrieved November 3, 2008.Martin, R. Aidan. 1993. Building a Better Mouth-Trap - Filter Feeding†. ReefQuest Centre for Shark Research. (Online). Accessed December 17, 2008.

Top Paper Editing Service Tips!

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Business Environment in India Free Essays

string(92) " is driven internally so the nation is less depended on export growth than other countries\." India Business Environment Analysis MNGT375. 102 – International Business Fall 2009 – Thursday 6:30PM Mr. Dennis L. We will write a custom essay sample on Business Environment in India or any similar topic only for you Order Now Noah By: Brandon Barrett Andrew Murphy I. General Characteristics of the Country The country’s terrain varies by region. The renowned Himalayas lie to the North while highland plains occupy the south, home to the Deccan Plateau. The West conveys a different terrain bringing large deserts. As a result of the terrain varying from region to region the climate follows suite. In the south the climate is tropical but moving northward it becomes more temperate. ,000 km of coastline cover India’s borders making it very accessible. The Arabian Sea and the Bay of Bengal allow water transportation to be done easily for most of the country. The country has a somewhat established infrastructure. The infrastructure does not support its 1 billion plus people properly but despite that its infrastructure is sufficient for the short run and will only improve in the future. Telecommunications in recent years has experienced significant expansion due to the deregulation of telecommunicati on laws. The cellular service industry is experiencing extremely rapid growth. However the telephone density is merely 40 out of 100 people across the nation. There are a total of 81 million internet users which is a huge untapped market available. There are 349 airports in all of India. 250 of these airports have paved runways; however the other 99 airport’s runways are unpaved. There is 63,327 km of railways throughout the country which is a very established railway system. There is 3,316,452 km of established roadways in India which is the second largest amount for any country in the world. There are 53 national highways which carry a majority portion of the traffic. In addition to roads, there is 14,500 km of waterways mainly in rivers and canals in India. India contains 11 major seaports The conditions within India are not the finest. India is a premier destination and source of human trafficking for commercial sexual abuse and forced labor. Men, women, and even children are exploited and forced to work on mills, factories, and women are forced to marry unwillingly. India is also the world’s largest producer of Opium for pharmaceutical purposes; however an undetermined but high rate is also illicitly developed. Despite obvious obstacles in India’s current economy, the potential for this untapped market is infinite and an intelligent investment for many multinational corporations. II. Political Legal Environment The system of government in 23 states closely resembles the federal system Union (Political structure, 2009). However, seven Union territories in the country are administered by the President. The Chief Minister (CM) of a state government has the executive powers while the Governor, elected by the President, is the head of Executive (India’s politics, 2009). The Council of Ministers of a state is lead by the CM and is responsible to the elected legislative assembly of the state just like the federal government (Political structure, 2009). The judiciary is independent of the executive in India. The Supreme Court (SC) is the apex court in the country. The High Court stands at the head courts of the states. Each state is divided into judicial districts presided over by a district and sessions judge, who is the highest judicial authority in a district (India’s politics, 2009). â€Å"There are courts of civil jurisdiction, known in different states as munsifs, sub-judges, civil judges and the like. Similarly, criminal judiciary comprises chief judicial magistrate and judicial magistrates of first and second class† (India’s politics, 2009). Corruption has gone down in India due to transparency, reformed and free judicial system (Country profile: India, 2009). The Supreme Court is supreme; it has original, appellate and advisory jurisdiction (Daniel, 2004). Its exclusive original jurisdiction extends to all disputes between the Union and one or more states or between two or more states and protects the Fundamental Rights of people (India’s politics, 2009). The Supreme court has 25 justices and one Chief Justice (CJ) appointed by the President and hold the office till the age of 75 years (India’s politics, 2009). It does not deal with criminal cases (Daniel, 2004). III. Economic Environment Despite economic woes that swept through the United States, and in turn the rest of the world in mid-2008; India has weathered the storm while outpacing recovery relative to many other developed and emerging nations. Year to date the Bombay Stock Exchange small cap index has outperformed the S 500 and Dow Jones Industrial Average by over 100%. Appendix A) Financial markets have recovered at an unprecedented pace; however, fundamental and economic indicators suggest this rally is fueled by massive injections of liquidly, government intervention, and quantitative easing therefore deeming growth unsustainable. While evidence from monetary, fiscal, and economic policy globally suggest a double-dip recession is palpable; consumption between the Old World (US, Western Europe, Japan) New World (Total World minus US, Western Europe, Japan) has changed. Currently emerging markets are expanding and consuming more than developed economics. Contrary to prior trends, OPEC’s largest customers now lie within emerging economies, and China is now the main consumer of Asian goods not the United States. India is poised to exponentially contribute towards New World growth driven by a free-market democracy, emerging middle class, capitalistic mindset, young English-speaking entrepreneurial population, and large inflows of foreign direct investment. (Market Commentary Report, Marc Faber) According to Citi Emerging Markets outlook nominal GDP in US$ bn was 1175. 0 in FY08 compared to 913. 5 a year before. Real GDP yoy growth was 9. 0% in FY08, and is expected to contract to 6. 7 in FY09 and steadily grow back to 8% yoyby FY12. Real imports and exports are expected to grow by 17. 9% and 12. 8% respectively in FY09. While imports and exports have experienced negative growth over the past few months the trade balance has narrowed to US $5 bn. Over the next year expected higher oil prices should impact India’s external a ccount considering they import 70% of their crude oil. Majority of GDP growth is driven internally so the nation is less depended on export growth than other countries. You read "Business Environment in India" in category "Papers" India’s current account is expected to be US -$43. 7 bn; exports will make up 169. bn while imports were 286. 5 bn. The current account in FY08 represented 1. 5% of GDP, and is expected to be 3. 8% in FY09. Foreign direct investment was US 15. 4 bn in FY08, and is expected to grow to 20 bn in FY09. According to Citi Investment research public debt should be reduced by US $200M this year. Before 1992 the Indian central government exercised tight control over foreign-exchange transactions and investment. From 1975-1992 Indian authorities managed a floating exchange rate system in which the rupee was pegged against a weighted basket of currencies similar to special drawing rights from the IMF. In March 1993 a free-floating exchange rate system was implemented. In comparison to other exchange rates the INR/USD has been less volatile. In Q2 2008 the exchange rate was 43 rupees for 1 U. S dollar, currently 1 U. S dollar yields 46. 44 rupees. In the past year the U. S dollar has appreciated against the rupee; however, long-term we believe the U. S dollar will depreciate against most currencies. Expansion of the United States balance sheet and monetary base suggests over the next few years the influx of dollars in circulation will devalue our currency and eventually lead to inflation. Operating a manufacturing facility in India does pose some exchange rate risk, but in the long run divesting some operations international may provide an inflation hedge. If the rupee does appreciate against the U. S dollar as expected the facility in India could use their rupee earnings and cash flow to purchase raw materials at a discount and retain earnings in a currency that will hold its value, and yield more purchasing power when converted back to U. S dollars in the future. Foreign capital investment also experienced deregulation with a â€Å"lazzi-faire† approach during the same period. Prior to July 1991 the central government of India followed the Foreign-Exchange Regulation Act. This act required all foreign capital be granted approval by India’s government; after the new foreign investment policy was announced, automatic approval was prescribed for 34 industries deemed high priority with an equity limit of 51%. In regards to ownership, after elections earlier this year India’s foreign investment policy has become even more deregulated. According to the Ministry of Finance the upper level of foreign ownership has been raised from 51% to 74% and in some cases to a 100%. â€Å"The finance minister announced the government’s commitment to a 90-day period for approving all foreign investment. Government officers will be assigned to larger foreign investment proposals and will facilitate Central and States clearances in a time-bound manner. † (Foreign Investment Policy, Ministry of Finance) Other recent policy changes have been developed to provide incentives for foreign firm participation within India. India’s most recent foreign investment policy on the Ministry of Finance website indicates the ban against using foreign brand names/ trademarks has been lifted, the corporate tax rate for foreign companies was reduced to 55% from 65% (domestic tax rate is 40%), long-term capital gains rates were lowered to 20% for foreign firms, and the Indian Income Tax Act exempts export earnings from corporate income tax for both Indian and foreign firms. India has a three-tier tax structure in which majority of taxes are indirect such as sales, value added, and goods and services tax. Intellectual property rights are also regulated; the Embassy of India posts in their policy statement that â€Å"there is a well-e stablished statutory, administrative and judicial framework to safeguard intellectual property rights in India, whether they relate to patents, trademarks, copyright or industrial designs†. Intellectual Property Rights in India, Embassy of India) India has become a developed market place; the Bombay Stock Exchange is the largest in South Asia, and the 12th largest in the world with a market capitalization of US 1. 79 trillion. With the oldest exchange in Asia and a developed regulatory framework; the nation also has a wealth of trade organizations and business associations to set standards and polices for various industries. Currently India has several hundred industry trade associations ranging from Ahmedabad Electri cal Merchants Contractors Association to the Wood Furniture Makers Association. The Federation of Indian Chambers of Commerce and Industry and the Confederation of Indian Industry can be valuable government organizations when researching various compliance regulations and associations related to your firms industry. According the Federation of Indian Chambers of Commerce Industry website there is a Manufacturing Committee aimed at making the industry globally competitive while indentifying possible risks and threats faced by the sector. Firms manufacturing small household appliances would join the Indian Electrical and Electronics Manufacturers Association (IEEMA). Founded in 1948, Indian Electrical and Electronics Manufacturers’ Association (IEEMA) is the representative national organization of manufacturers of electrical, professional electronics and allied equipment having over 550 members, Whose combined annual turnover is over Rs. 1,00,000 croresi. e. US $ 22 billion. † (About Us, IEEMA. org) The Southern India Engineering Manufacturers Associ ation (SIEMA) might also be a valuable association to join which aims at protecting the interests of engineering companies. The Focus on the Global South organization indicates India currently has nine main regional trade agreements, and has 18 more under negotiation. Operational agreements include Agreement on South Asian Free Trade Area, Asia Pacific Trade Agreement, Bangladesh – India Amended Trade Agreement, Bhutan-India Agreement on Trade, India-Maldives Trade Agreement, India-Singapore Comprehensive Economic Cooperation Agreement, India-Sri Lanka Free Trade Agreement, India-Thailand Free Trade Agreement, and the Indo-Nepal Treaty of Trade. The most recent agreement was signed in 1992, and all have a scope on the trade in goods; however agreements currently in negotiation focus on goods, services, investment, and economic cooperation. (Overview, Focus on the Global South) On par with many other emerging countries, India’s main industries are in the agriculture, service, and industrial sectors. Specifically the retail sector is the largest industry and the second largest employer after agriculture which accounts for about 60% of the population. Press Releases, Department of Commerce) India recently has been a premier outsourcing destination because of its low-cost but skilled and educated labor. The information technology and software sector has been successful in developing a global footprint with a slew of small business servicing niche areas in the IT market. Examples include firms that provide supply chain management, CRM, and turnkey solutions to specific industries. India is also on the technological frontie r with companies leading the way in smartcard and RFID development and implementation. The largest company in India is Reliance Industries which operates in the oil and gas industry; however, it has become a major conglomerate with a market value of US 91. 53 mi. (India’s 40 Largest Companies, Forbes) The company’s activities span from exploration and production of oil and gas to petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and special economic zones. (About Us, Reliance Industris) Second, is Oil Natural Gas Company with a market value of US 61. 1 mi then the State Bank of India with US 24. 09 mi and assets of US 188,565 mi. In emerging and developing countries it’s normal for oil gas, financial, and utilities companies to be the largest, because they build the foundation for growth and stability. India’s economy can only grow as fast as the financial and banking sector expands and the infrastructure that supports power, communication, and networking firsts need s to be in place before a modern market place can develop. Historical and present day, India is still considered a country with high political and terror risks. Recently attacks in Mumbai and tensions with Pakistan have caused some turbulence in financial markets; however, any organization with a long-term focus should not be readily concerned about political and economic risk because India is only bound to benefit from democracy, growth, and deregulation that benefits free-markets and trade. Geopolitical threats are concerning, but from a U. S standpoint the situation is not any better considering were in two wars. Divesting some operations in India could actually serve as a political and economic hedge reducing our exposure to specific threats the United States may experience. According to the Transparency International’s Corruption Perception Index of 2009, India ranked 84th out of a 180 countries with a score of 3. 4 out of 10. While India does not rank well on the CPI index it is still at the top of all South Asian countries. According to New Delhi most corruption lies in bribes and speed money to low-level public officials to â€Å"speed things up†. Following general elections on May 13, 2009, the Indian National Congress won 206 seats an additional 61 from before. The Indian National Congress represented 28. 5% of the vote following the Bharatiya Janata Party with 18. 80%. (Election Commission of India) Both major parties represent different alliances the United Progressive Alliance and the National Democratic Alliance. The United Progressive Alliance is said to lean more on the left side of the political spectrum with socialist and communist ideologies; however, the finance minister has made it clear through economic reforms that reflec t a market-based economy works best. Attention needs to be given to the apprehension between India’s governments and the finance minister’s economic objectives. Nonetheless, policies have recently continued to favor a free market approach. Last February the Indian government introduced its Union Budget for 2009-2010 which aimed at economic revival from the global slowdown. â€Å"Three fiscal stimulus packages in the form of tax relief and increased expenditure on public projects along with RBI taking a number of monetary easing and liquidity enhancing measures were introduced. † (Union Budget, New Delhi) India’s economy along with many others needs to adjust to a new economic landscape which includes Asia’s economic surge, America’s decline, and regional agreements. The stimulus packages are used to fuel growth rates in gross domestic product while creating profit maximizing incentives and protection for various industries. While India’s regulatory framework is still undergoing major development in terms of trade and economic policy; they also have made exponential progress. The nation is growing at over 1. 5% yoy with a rapidly emerging middle class which will drive consumerism in years to come. India is moving forward in the right direction by encouraging investment and ensuing political stability. We have a positive outlook and believe the current environment could be beneficial in minimizing the initial injection of capital to start operations. IV. Cultural and Socioeconomic Environment Religion and culture plays an important role in social relations and business in India. Traditional Indian society is defined by relatively strict social hierarchy. The influences of Hinduism and the tradition of the caste system have created a culture that emphasizes established hierarchical relationships (Social Hierarchy, kwintessential, 2009). Every relationship has a clear- cut hierarchy that must be observed for the social order to be maintained. About 81. 4% of the population of India practice Hinduism, 12. 4% practice Islam. Other religions include Sikhism, Christianity, Buddhism and other religions (Background note, U. S Department of State). The Indian caste system describes the social restrictions and discrimination in India, in which social classes are defined by thousands of groups, often termed as â€Å"Jatis† or castes. Discrimination based on caste is officially illegal, but remains prevalent, especially in rural areas. However, the government has made strong efforts to minimize the importance of caste through active affirmative action and social policies (Society and Culture, Times of India, 2007). India has a high context culture, many things are left unsaid. They do not like to express ‘no’, be it verbally or non- verbally. Rather than disappoint you, for example, by saying something isn’t available, Indians will offer you the response that they think you want to hear. If terms such as â€Å"We’ll see†, â€Å"I will try† or â€Å"possibly† are employed then the chances are that they are saying ‘no'(Manners, RiddhiShah, 2005). Religion, education and social class all influence greetings in India. This is a hierarchical culture, so most senior persons or eldest are greeted first. Shaking hands is common, especially in the large cities among the more educated who are accustomed to dealing with westerners. Men may shake hands with other men and women may shake hands with other women; however there are seldom handshakes between men and women because of religious beliefs. They say â€Å"Namaste† by putting two palms together as a respectful greeting. Business cards are exchanged after the initial handshake and greeting. Using left hand to exchange business cards or gifts is considered disrespectful. It is also important to know that Hindus do not eat beef and Muslims do not eat pork (Meeting/Dining Etiquette, kwintessential, 2009). In Indian society, aggressiveness can often be interpreted as a sign of disrespect. This may lead to a complete lack of communication and motivation on the part of the Indians. Criticism about an individual’s ideas or work needs to be done constructively, without damaging that person’s self-esteem (Doing Business in India, 2009). Hospitality is a key part of doing business in India; most business discussions will not even begin until tea is served and there has been some preliminary talk (Manners, Riddhi Shah, 2005). Indians prefer to do business with those they know. Relationships are built upon mutual trust and respect. In general, Indians prefer to have long-standing personal relationships prior to doing business. It may be a good idea to go through a third party introduction. Labor is abundant in India. It is currently estimated to have a total workforce of 397 million where agricultural and allied sectors accounted for about 60 percent of the total workforce. Only 28 million workers are employed in the organized sectors. Almost70 percent of the Indian workforce is under the age of 30, and 80 percent of the young people entering the workforce do not have high-school education or skills that are needed in the job market (Human Capital, 2009). With a majority of unskilled labor, many well-educated individuals within the ranks of the unemployed and under-employed, including technicians and engineers, can also be found without much difficulty. One area of focus for both Indian and foreign investors has been on information technology. This sector has been described as the engine of growth of the Indian economy. The Indian software industry is growing at a rate of more than 50 percent a year, and the country appears to be on track to achieve IT exports of $50 billion by 2010. Approximately 10,000 Internet companies were established in India in 1999, and after years of experiencing a brain-drain effect, Indians are returning home to start and work for technology companies. However, labor shortages are beginning to occur at the highest levels of some service industries especially in IT enabled services (Human Capital, 2009). The numbers of persons with managerial and other white-collar skills are increasing as newly established management institutes begin to produce graduates. There are 5,114 industrial training institutes as well, which have a total capacity of around 742,000 students, offering courses in engineering and non-engineering trades. Even for those graduates from professional disciplines, quality of education imparted is a major issue. Only 25% of engineers, 15% of finance, and accounting professionals and 10% of professionals with Indian degrees are suitable for work in multinationals companies (Globalization and education, 2008). It is important for an investor to meet local business community and start networking at Indian trade fairs to make the right connections. Local business consultants, government agencies and local US embassy also provide necessary information and assistance to start up a business there. It is also good to think of using a local agent or setting up your own office and take legal advice on regulations that may apply to the product or service. V. Industry Specific Information There are hundreds of privately owned companies that make small motors in India but there are no public companies that manufacture this product. Since private companies are not required to disclose their activities and financial information to the public, there no industry information available to us. There are at least 450 small motor manufacturers and suppliers in India (Electric Motors, India Mart). The existence of huge number of manufactures indicates that the small appliance industry is doing quite well. Some manufacturers sell their products within the country and some of them have extended their market to other countries. For instance, one of the largest manufacturers and suppliers of small motors in India, New Bharat Group, sells its products to at least 23 countries in Asia and Africa (Export, New Bharat Group). It will be one of the biggest competitors among many other competitors. Along with the economic growth and rapid urbanization, the Indian household appliances market has been growing each year. The household appliances market reflects the sale of six product sectors: refrigeration appliances, washing appliances, vacuum cleaners, dishwashers, room comfort appliances and cooking appliances. The Indian ousehold appliances market generated total revenues of $4. 8 billion in 2008. In 2013, the Indian household appliances market is forecasted to have a value of $7. 7 billion, an increase of 60. 7% since 2008 (Market Analysis, Datamonitor). It indicates that there is a possibility that the market size of electric motors in India will even get bigger. The availability of raw material suppliers is fa vorable to the small motor manufacturers because metal industry is one of the leading industries in Indian economy. Some other materials could be imported from neighboring country China as well (Electric Motors, Indiamart). VI. Benefits and liabilities of current situation Deciding where to locate productive activities for a manufacturing planet is a major business decision in which various risks need to be accessed to ensure the long-term strategic role of the firm and country align. In our case study we decided to own foreign production activities instead or outsourcing and developing a complete turnkey solution. While initial start-up cost and risk increase there is also a direct relationship between profitability. While production activities may already be organized, more focus must be placed on the logistics of the operation. How will the firm acquire materials? How is the location strategic towards business processes? Our organization must look beyond firm specific and product factors that may effect production, and focus on political risk, exchange risk, market risk, etc. If our company begins developing small motors for the appliances we already sell, then our manufacturing planet will aid in making our company more vertically integrated. Being able to supply components required to build the finished product lowers cost, protects proprietary technology, and improves overall business efficiency and practice. Considering equity ownership varies among industries, our manufacturing facility will most likely have to be in conjunction with a local firm. However, considering the engineering and operational expertise, Indian firms that can provide a strategic alliance or joint venture may benefit our organization and business process. Labor capital is one of the main reasons U. S companies have outsourced operations to India. From a human resources perspective India has a young population that’s educated and English speaking – a manufacturing facility would have no problems acquiring college grads for anagement and engineering positions while also obtaining machinist and assembly line workers. The overall labor cost used in the production of appliances would be less in comparison to the United States and quality would not be sacrificed. International human resource management will play a vital role for the firm as a strategy needs to be implemented to get amalgamated to the host c ountry through cultural, language, and practical training. A partnership or strategic alliance will help our international labor relations an ability to develop a competitive advantage while enhancing bargaining power. Compensation would be based on equalizing the base salary in terms of purchasing power between the countries; the standard of living in the home country would be on par for the host country. India with over 1. 1 billion people not only makes for a premier location to operate a manufacturing facility, but more importantly a marketplace for its appliances. Our firm has decided to implement a global standardization strategy that utilizes the local labor force. We feel this strategy is best for reaping cost reductions, economies of scale, and value added location economics. A global strategy would best serve our facility over a transnational or localization strategy because our product doesn’t have to be tailored to tastes across different geographic markets. Considering differences in consumer tastes and preferences don’t change much in what is required of appliances; our manufacturing facility should be focused on achieving economies of scale and utilizing various distribution channels locally with strategic partnerships. India also has several resource endowments that will help in reducing cost of raw materials from accessibility and ease. In addition being close to raw materials required for production reduces transportation cost while shipping cost are also reduced from have a facility in the middle of Asia, the largest potential market. India has a developed and regulated political economy with an individualistic mentality. The nation has a democratic political system in which government officials are elected through the people either directly or indirectly. While political risk does exist given the controlling political party (United Progressive Alliance) drives from socialist and communist ideologies. However, the government is a democracy and the citizens realize a free-market approach is best for their society; thus we consider the government politically stable without the risk found in totalitarian regimes. The economic system in India is evolving and moving towards a market economy, but currently has the elements of a mixed economy with some regulatory restrictions. As the finance minister continues to enact polices that discourage government intervention and open up markets for trade and investment – the economy is rapidly evolving into modern capitalistic system. Along with regulated and historically stable financial markets the legal system also has the framework necessary for protecting intellectual property and ownership. Business laws and incentives have been enacted to encourage foreign development and investment; corporate tax rates have been reduced and equity ownership caps have increased. After accessing the political, economic, and legal environment we believe the potential return and value creation offsets the risk and possible implications faced by operating a facility in India. Inherent with divesting operations internationally the host firm accepts a degree of translation, transaction, and economic exposure. However, given the fundamentals on the U. S dollar outlook in the economic environment section we believe future favorable exchange rate fluctuations will increase the value of our company’s equities, assets, cash flow, and earnings. The caste system is still present in India, but the government has outlawed caste-based discrimination, and their social stratification allows for upward mobility. Considering socioeconomic factors bring production to India not only reduces cost, but will help our firm penetrate a potentially large marketplace as Indian consumers will be more likely to purchase products developed and produced in their home country. VII. Expectations of country competitiveness related to industry The household appliances market is rapidly expanding in emerging countries such as India and China where demand is driven by an emerging middle class. In India it is expected by 2012 the middle class population will be size of our total population, around 300 million. The manufacturing industry specifically dealing with the production of small-motors is a saturated marketplace consisting of over 450 companies. Industry leaders include the New Bharat Group and Havells which supply small motors across Asia and Africa. Considering the concentration of firms in this segment it would probably be most beneficial for our company to partner with a retail distribution chain or technology firm that will be sure to add value while protecting our business processes. Our strategic lliance or joint venture would only be done if it was a government requirement due to foreign investment regulations which it probably will. Given the pace of technological innovation and capital investment the industry is bound to experience heighten competition and barriers to entry in India. Consolidation within the industry is unlikely in the near term as sheer population growth and consumerism we expect will outpace the influx in supply. VIII. Itinerary The itinerary for our cou ntry visit can be found in Appendix D. How to cite Business Environment in India, Papers

One way I believe college will differ from high sc Essays

One way I believe college will differ from high school is that you won't always be guided in everything you do on a daily basis. Professors will expect the students to do their work on their own time and take responsibility with their schoolwork. While as in high school, teachers were more persistent in making sure students did their work in and outside of class, in college this is on your time and your money. Another way I see college being different than high school is the grading scale. Usually all high schools have the same, if not a relevant scale for their grades. In college I can imagine grades being wider ranged and more chunks of points for certain projects and tests. The final way I think college will differ from high school is the lifestyle. High school was fun don't get me wrong, but there was something about it that felt compacted. There was always a sense, at least for me that I was trapped and couldn't escape. I imagine the college experience being more f ree and fresh, with a lot of responsibility coming with it. When I was in high school I never really knew what I wanted to do once I graduated, but latel y I've been more intrigued by some type of work with law enforcement, or coaching in sports. A passion I have always had even at a young age was sports, so it would be amazing to do anything with that type of work. If someone asked me to pick a specific job in the law enforcement field, I would have to pick becoming a state trooper. State troopers seem like they have a good and tolerable job, but I know the training and process to become one is likely difficult. Some characteristics that I think will translate to college success are being dedicated and outgoing. Dedication to my studies would p ut me in a much better place rather had I not been dedicated. I always think it's important to have fun no matter what I do, so being outgoing would allow me to dodge a lot of unwanted stress and headaches. A college education to me would mean quite a few things to me. In today's society it's rare to find a good , stable job without having a college education, so by having one that would already put me on track to providing for myself. I just want to prove people that doubt me wrong; I wasn't always the best student or person in high school so transitioning to better habits is something I want to do. A strategy I could use to become successful in college is being ambitious, but keeping it within range and possible. I have to make sure that what I'm trying to do is not only achievable for me as a person, but within my reach. College is a different experience for most, including me, and with that comes new encounters and situations for all. So being ambitious but realistic allows me to reach my goals without any surprises or difficulties. A couple qualities I could use to also help me succeed in college are patience and drive. Patience is a big part in almost everything people do on a consiste nt basis, so with being patient you acknowledge that not everything is going to fall in place all at once. Having drive is actually in line with being patient as well, as both are for the most part self-driven and entirely up to the student. In high school I could for the most part barely study or even skip it all together for my work and still get by. Drive is going to be an important quality to attain because in college I can already tell that you won't be able to get by just doing the absolute minimum. Having drive means a student will be driven to succeed in his/her academics and to not settle for any less. When I was in high school I can say that I only studied for about 1-2 hours per week, and maybe even less. That was a combination of not being totally committed to school and just flat

Free Essays on The Perfect Storm

Junger mentions in the foreword that he wanted to write a fictional account of the last moments of the six crew members aboard the Andrea Gail and the events leading up to it. He uses secondary sources because very few primary sources exist, as the crew of the Andrea Gail are not alive. The purpose of using the secondary source information is to effectively make the last moments of the Andrea Gail crew seem more real to the reader who is reading it. Second source information is reliant on someone else’s information or account on something. The sources of information that he has included are weather charts, radio contact/conversation, interviews, research, historical precedents, factual information, statistics, shipping logs, anecdotes and survival stories. Weather charts are a secondary source used by Junger to effectively show the highs and lows of pressure in the atmosphere. This allows the reader to follow on with the weather pattern progress throughout the text. On page 123 and 132 Junger has used weather charts to note the movement of Hurricane Grace, how strong the winds are and how much sea it is pulling. By using weather charts it makes the last moments of the Andrea Gail seem more real as it explain how powerful the winds are so the reader can imagine what it was like and compare what the Andrea Gail may have had to deal with. Junger also uses radio contact/conversation as a secondary source in this text. It is used for various reasons such as distress calls or check up’s between ships. For example on page 119 there is a radio conversation between Linda Greenlaw and Billy Tyne. They check up on each other, talk about the storm and decide to talk later about supplies. Junger has effectively used radio contact/conversation as communication between boats and also so the reader can understand the events that lead the last days of the Andrea Gail. This makes the last moments of the crew members on the Andrea Gail seem real a... Free Essays on The Perfect Storm Free Essays on The Perfect Storm Junger mentions in the foreword that he wanted to write a fictional account of the last moments of the six crew members aboard the Andrea Gail and the events leading up to it. He uses secondary sources because very few primary sources exist, as the crew of the Andrea Gail are not alive. The purpose of using the secondary source information is to effectively make the last moments of the Andrea Gail crew seem more real to the reader who is reading it. Second source information is reliant on someone else’s information or account on something. The sources of information that he has included are weather charts, radio contact/conversation, interviews, research, historical precedents, factual information, statistics, shipping logs, anecdotes and survival stories. Weather charts are a secondary source used by Junger to effectively show the highs and lows of pressure in the atmosphere. This allows the reader to follow on with the weather pattern progress throughout the text. On page 123 and 132 Junger has used weather charts to note the movement of Hurricane Grace, how strong the winds are and how much sea it is pulling. By using weather charts it makes the last moments of the Andrea Gail seem more real as it explain how powerful the winds are so the reader can imagine what it was like and compare what the Andrea Gail may have had to deal with. Junger also uses radio contact/conversation as a secondary source in this text. It is used for various reasons such as distress calls or check up’s between ships. For example on page 119 there is a radio conversation between Linda Greenlaw and Billy Tyne. They check up on each other, talk about the storm and decide to talk later about supplies. Junger has effectively used radio contact/conversation as communication between boats and also so the reader can understand the events that lead the last days of the Andrea Gail. This makes the last moments of the crew members on the Andrea Gail seem real a...

How to Withdraw From College the Right Way

How to Withdraw From College the Right Way Once youve made the difficult decision to withdraw from college, the first thing on your mind is likely to get away from campus as soon as possible. Unfortunately, moving too quickly may cause you to forget a few important tasks, which can prove both costly and detrimental. So, just what do you need to do to make sure youve covered all of your bases? Approaching this decision the right way will save you difficulties in the future. Talk to Your Academic Adviser   Your first stop should be to meet with your academic adviser- in person. Even though it might seem easier to send an email, this kind of decision warrants an in-person conversation. Will it be awkward? Maybe. But spending 20 minutes having a face-to-face conversation can save you hours of mistakes later. Talk to your adviser about your decision and ask the correct way to let your institution know youd like to withdraw. Talk to the Financial Aid Office The official date of your withdrawal will likely have a major impact on your finances. If, for example, you withdraw early in the semester, you might need to pay back all or part of any student loans you received to cover school expenses. Additionally, any scholarship funds, grants, or other monies you received might need to be repaid. If you withdraw late in the semester, your financial obligations might be different. Therefore, meeting with someone in the financial aid office about your choice to withdraw can be a smart, money-saving decision. Let the financial aid officer know your intended withdrawal date and ask how this will affect the money you have paid or loans youve received so far. Your financial aid officer can also let you know when you will need to begin repaying loans you received in prior semesters. Talk to the Registrar In addition to the conversations you have with school administrators, you will likely need to submit something in writing about your reasons for withdrawing and your official date of withdrawal. The registrars office might also need you to complete paperwork to make your withdrawal official. Since the registrars office also usually handles transcripts, you will want to make sure your records are clear so youll have no difficulty obtaining copies of your transcripts and official documents in the future. After all, if youre thinking of going back to school or applying for a job, you dont want your transcripts to indicate that you failed your courses because you didnt get your official withdrawal paperwork completed correctly. Talk to the Housing Office If youre living on campus, youll also have to let the housing office know about your decision to withdraw. Youll want to get a final determination of fees for the semester as well as costs for cleaning and preparing the room for another student. The housing office will also be able to give you the official deadline for removing all of your belongings. Lastly, ask for the name of the person to whom you should return your keys. Be sure to get a receipt to document the date and time that you turn over your room and keys. You dont want to be charged for a locksmith simply because you returned your keys to the wrong individual. Talk to the Alumni Office You dont have to graduate from an institution to be considered an alumnus. If youve attended, youre eligible for services through the alumni office. Its a good idea to stop by the alumni office and introduce yourself before you leave campus. When you visit the alumni office, leave a forwarding address and get information on alumni benefits which may include everything from job placement services to discounted health insurance rates. Even if youre leaving school without a degree, youre still part of the community and youll want to stay informed about how your institution can support your future endeavors.

China Kitchen Case Study Example | Topics and Well Written Essays - 1750 words

China Kitchen - Case Study Example ethical and legal issue brought up in the Kitchen Best case invites ethical questions when doing cross-boundary business in Southern China and the risks associated to such business practices and how could such behavior/s be avoided in the future. The ethical and to certain extent legal issues that beset Kitchen Best became apparent at the end of 2009 when Malaysia-based distributor Shago commission a European designer to come up with a range of appliances for its 40th anniversary collection. Shago then placed orders with Kitchen Best with some of appliances ordered came with a special gift set of microwable tableware. Shago however complained that the bowls and plates in the gift sets were not microwable and this is breach of contract where Shago demanded both a refund and compensation. Upon investigation, it was found that Sze, Kitchen Best’s purchasing and production manager who had been responsible for sourcing the gift sets had awarded the contract to a factory in Dongguan that was owned by his brother-in-law. In return for the order, Sze and his wife were offered a free package tour to Europe. Wei, who knew about the personal relationship between Sze and the factor owner, had not reported it in view of their rela tionships with Li. When in-house testing later showed that the product was faulty, she informed Sze, who told her he would handle it. However, no remedial action was taken and Wei decided not to pursue the matter any further. This incident was followed by the incident with Haus de Metro where bribery happened in the testing and certification of samples. This occurred when a shipment that was sent to German retail chain Haus de Metro did not meet the company’s safety requirements contrary to the satisfactory testing report received by Kitchen Best. Kitchen Best had subcontracted HdM’s orderfor electric water dispenser to Qinghua Electrical Appliance Ltd as its own production lines were fully occupied. Kitchen Best arranged for Keemark

Formative, Summative and Confirmative Evaluation Assignment

Formative, Summative and Confirmative Evaluation - Assignment Example While summative evaluation focuses on the outcome or the effectiveness of the program. It is used to measure effectiveness of a performance intervention or evaluates if the interventions during the process have resulted into an effective outcome (Van Tiem et al., 2000, p. 157). Summative evaluation as the name suggests summarizes the result after the whole process was made by assessing whether the object can be said to have caused the outcome; determining the overall impact of the causal factor beyond only the immediate target outcomes; and, estimating the relative costs associated with the object (Trochim, 2006). On the contrary, confirmative evaluation, unlike the first two focuses on determining the adequacy of competence of the learners. Confirmative Evaluation is applied to analyze long-term performance by collecting, examining and interpreting data and information in order to determine the continuing competence of learners or the continuing effectiveness of instructional materials (Van Tiem et al., 2000, p.157-158). Compare and Contrast The benefits of using the formative evaluation include enabling the teachers to assess the students with what they need to do and adjusting in order to have a better lessons and activities. It also allows them to know if their program is working, and they allow students to know their own progress. Students are more motivated because they learn to assess themselves (Boston, 2002). Summative evaluation’s benefits are the teachers are able to determine where the student’s weak area is and they can provide a better solution. It also measures the success of their training program and it makes the students gain confidence knowing that their progress is good (Boston, 2002). Confirmative evaluation’s benefit is that it analyzes long term performance and it is able to measure whether the learners are competent and whether the materials used are effective. Formative and summative evaluation provides a fast solution while confirmative provides a solution after a period of t ime. Teachers are faced with the challenge of developing their own assessments and it’s often a challenge especially for new teachers to understand the differences between the types of

UK Housing Services | Case Study

UK Housing Services | Case Study Housing and Health The Housing Act 2004 introduced licensing for housing in multiple occupation, as in this example. The Act sets out the standards of management which must be met in order for licensing to be achieved, and the Housing Health and Safety Rating System (HHSRS) is a new tool which is used to assess the potential hazards present in any property. Licensing is mandatory for the type of occupation in question since it is occupied by more than five people forming more than two households. In the current state of the property it is possible that the council could refuse the property a license, which would of course be detrimental to the services which it currently supplies in the area (Department for Communities and Local Government, 2007). It is therefore important that inter-agency working is utilized to identify all potential risk areas and address them in a way which minimizes the harm to the current residents. Inter-agency working The following agencies should be involved in the working group to deal with the issues in this property: Local council environmental health department This organization would be able to consult with the hostel management in order to identify and correct any potential health problems in the property to ensure that they meet current standards Local fire service department The local fire service should be able to advise the management how they need to develop the property in order to meet current fire regulations Social Services The social services department of the local council should be able to work with the hostel management to solve any problems which would adversely affect the tenants. They should form part of the working group to ensure that the rights of the current tenants are preserved with regard to any changes agreed. The Housing Department These are an important member of the working group, since they make referrals to the service, and would also be able to advise on the various issues relating to building regulations and Housing Act which need to be addressed. Council, local or district Since the hostel is not a privately owned residence, but is funded partially through the council, they would be an important member of a working group since they would be able to advise as to funds available to meet the required changes. Factors to be addressed Although there were a large number of issues addressed with the property the five which are considered most important are addressed below. Lack of adequate fire safety This is currently the most pressing problem, since there are large numbers of lives at risk in the event of fire, and current safety measures are considered to be completely inadequate. There is currently a lack of escape apparent in the case of fire, which means that the outer doors are currently the only means of escape in the event of fire. The downstairs door next to the kitchen is currently obstructed, which is in contravention of The Management of Houses in Multiple Occupation (England) Regulations 2006, which states that all means of escape from fire must be kept clear of obstruction. The rear exit door was found to be locked for security reasons; while the security of the property is important this is also in contravention of the given regulations. Disrepair of ventilation in kitchen While the report states the kitchen was found to be generally satisfactory, there are safety issues which are of importance. These are particularly important since they again affect the safety of a large number of people, and possibly ranks equally important to the issues with fire safety. It has been identified that the kitchen in the property uses a gas cooker. There is no statement made as to whether this complies with current gas testing regulations. The disrepair of the windows in the kitchen, and the nailing shut of some windows mean that there is no natural ventilation available. This means that in the event of any type of leak the gas would be unable to dissipate and would cause great risk of gas poisoning and possibly explosion. There are also issues relating to the crumbling of the chimney breast, since the manager is also required to ensure that any flues (the chimney) are kept in good repair; this is particularly important if any gas fire is installed. Presence of dampness The HHSRS would consider the various types of damp in the property to be causing unsuitable living conditions. The presence of damp contributes to several disorders and illnesses, particularly in children, and has an effect on psychological well-being caused by the effect of living in damp conditions. This has been ranked of slightly less importance than the fire and gas issues as there is no immediate risk to the life of the people living in the property. Space issues There are currently major issues with space in the property; the Housing Act 2004 states that no habitable room should be occupied by more than two people, regardless of size, discounting those under 1 year old. It also states that two individuals aged ten or over of opposite sexes should not be sharing the same room under any circumstances, unless they are co-habitees. There is high risk of psychological harm in the current situation and some potential for physical harm; however the likelihood and extent of this harm ranks below the other issues above. Provision of amenities Since there are 24 people currently living at the property, there should be at least five bathrooms and five WCs. The previous issue highlighted that there were already too many people living in the building, however even if the numbers are reduced the Housing Act 2004 still requires that there be at least one bathroom and one WC for every five people residing in the property. While this is an important issue it ranks lower than the other issues as there is a lower risk to the well being of the occupants caused by the issue. Action Plan Lack of adequate fire safety All furniture and fittings should be assessed as to meet the requirements of the Furniture and Furnishings (Fire) (Safety) Regulations 1988. Any that do not meet the requirements need to be assessed as to whether they are necessary, and replaced if this is the case; otherwise they just need to be removed from the property. The local fire department should be able to advise as to the requirements which the furniture and fittings must meet. Although this does not directly correlate to the issue of the fire escape, it is still an important factor in reducing the risk from fire. The fire department should also be consulted as to the best means of installing a fire escape route in the property. This consultation should occur in consultation with the councils and other funding bodies in order to reach an affordable compromise for the property. This is one of the most important action points and should take precedence in proceedings. Disrepair of ventilation in the kitchen The Gas Safety (Installation and Use) Regulations 1998 state that all gas equipment must be maintained in good order and inspected annually by a CORGI registered engineer. The current status of the equipment needs to be checked and a schedule drawn up for planned inspections of the current equipment. With regard to the windows there are two main options available to the hostel. The first is to simply repair the windows which are in place. This would involve extensive refitting of the wood to ensure that they are fully functioning. If security is considered an option, metal fittings could be installed on the outside of the windows. This would likely be the cheaper option initially, however the option of double glazing installation should also be considered. This would ensure that the windows would last longer than wooden framed windows, especially if there are problems with damp. It would also help with safety issues, and would make the property more energy efficient; there may also b e grants available in the area which could aid in the costs. This would likely be the best option to choose when considering the long term costs and benefits. Once the issues of damp are resolved in the property, an inspection should be organized by a building professional to advise on the best course of action with regard to the chimney breast. Presence of damp The local Environmental Health department should be invited to study the property to ascertain the extent of the problem and the best course of action. There is likely to be little choice as to a course of action since the damp appears to have reached a point at which major action is needed to correct the problem. If there are options presented which revolve around controlling the problem without extensive building work, these may be acceptable since there are other causative factors which are already being addressed. One such causative factor is the current problem with ventilation, which has been addressed above. Once this ventilation is in place it will likely help to prevent further formation of damp. There may be options presented which would need large scale building work. This may not be in the interests of the hostel both in terms of money and disruption to the people living in the house, who have nowhere else to go while the building work takes place. Space Issues There are a number of solutions to this problem. The first is to simply take fewer families, although in the current state of the accommodation this may mean that if the families taken had several children, it may only be able to accommodate one family at a time. There may be an option for the hostel to create an extension, creating extra rooms and amenities. This may be extremely costly, however it is an option if there are deemed to be funds available from the current funders. The best available option in the short term would be to look at converting the available spaces into rooms and bathrooms. There are spaces available such as the office and the cellar, and this may be less costly than building an extension. There is also a possibility that some of the present rooms may be able to be split into half, giving two smaller rooms. This will still leave limited space, and so social services will need to work with the hostel to move the present families into independent accommodation as quickly as possible. An extension could be considered as a long term plan for the future, after projects to raise the required funding. It is not an offence for more people to be living in the property than it is suitable for, as long as the management can prove that they are in the process of resolving the issue. This means that the current occupants could continue to live in the property, but that the numbers of new occupants would need to be limited as they leave, until the suitable number is reached. Social services should work in conjunction with the hostel in order to assure that the situation is resolved as quickly as possible, in the interests of all parties. Provision of amenities This issue could be resolved along with the space issue as described above, through either conversion of existing space or purpose built extension. References Department for Communities and Local Government (2007) Licensing of Houses in Multiple Occupation in England. Available [online] at http:// http://193.36.20.125/EnvironmentalServices/housingconditions/hmo_licensing_intro.asp. [Accessed 17th May 2007]. The Furniture and Furnishings (Fire) (Safety) Regulations 1988 (United Kingdom). The Housing Act 2004 (England). The Management of Houses in Multiple Occupation (England) Regulations 2006, No. 372 (England).

Emi Group Plc In The Music Publishing And Recording Industry Essay

Music and recording industry present interesting development due to the introduction of new artists and the development of new music genre, to name a few. In addition, the industry also experiences significant challenge due to the advancement in digital technology that drives the industry to find appropriate ways in winning the competition. The challenge occurs since there is a difference circumstances in the competition of media industry where previously the existence of new media does not eliminate the old media. The existence of commercial radio, for example, does not kill the print media like magazines and newspaper. Similarly, the existence of television broadcasting also does not eliminate the existence of radio and newspaper. In many cases, the television broadcaster also owns radio and newspapers companies to complement their media business. However, the situation may be completely different in the digital age where the existence of internet and the development of digital technology like file compression (MP3, mpeg, and file-sharing technologies etc) could completely kill the old model of music distribution such as compact disc. The so-called MP3, often refers to MPEG-1 Audio Layer 3, is an audio encoding format that reduce the file size from tens of megabyte (when using WAV or compact disc format) into less than 5 Megabyte (MB) in MP3 format for one same song. Audio Galaxy and Napster are two companies that employ file-sharing technology that enables their members/customers to exchange their music or video with others members/customers (Karp, 2007). Immediately, the invention of new audio encoding format increases the sales of portable digital music players like iPod. Coupled with the increased international internet bandwidth, the exchange of MP3 files rises significantly. A number of websites that enable users or music lovers to download the desired songs in MP3 format also rises. Despite the attractiveness of MP3 technology for audio, MP4, and MPEG for video, the technologies causes severe violation of copyright as downloading music and video without paying royalties to the owners/singers of the music is considered as piracy in digital world/domains. Concerning the challenges in the music and recording industry, this paper will discuss about Emi Group plc, a giant in music and recording industry. In particular, there are several issues including the identification of strategic choices that EMI performs, EMI and its critical success factors in competing in the industry within the last five years, and the use of appropriate management concepts in evaluating the suitability of EMI’s current strategies to deal with future competition. 2. Aim and Objectives The objectives of this paper are to analyze current and future positions of EMI Group plc in the music publishing and recording industry. Systematically, we can derive the objectives into four points. First is to analyze the strategy of EMI Groups plc that positions the company in the music and recording industry. Second is to use the appropriate research methodology, this paper is to assess EMI Group plc and its critical success factor in the last five years. Third is to use the relationship of research approach, deductive, quantitative to explore key resources and capabilities of EMI in the next five years and assess whether they can create sustainable competitive advantage. And fourth is to use the non-participant observation method, collecting data and analyzing qualitative information from journal, books, magazine and online materials, this paper is to adopt the management concepts to evaluate the appropriateness of EMI’s current strategies for the future. 3. Porter’s Five Forces This section will discuss Porter’s five forces on EMI Group the recording industry which details the threat of new entrants, power of buyers, power of suppliers, rivalry among existing competitors, and the threat of substitute products for market place organizer or transaction service provider industry satisfy following diagram: Figure 1 Diagram of Porter’s Five Forces Source: Porter, 1998 3. 1 Rivalry In music publishing and recording industry, competitive advantage plays a significant role in winning a competition. This is because it represents not only the greater benefits in terms of products but also in other Ps of marketing mix (place, promotion, and price). The possession of specific competitive advantages increasingly important since nowadays, customers use emotional side than rational side when decide which products or services they want to use (Manjoo, 2003). The rivalry in recording industry is quite intense since EMI Group does not only compete with similar company like Universal Music Group, Sony BMG, and Warner Music Group but also illegal distribution both in traditional and web-based distributors through several kinds of file-sharing program like Napster. Napster becomes the catalysts of online music service (Rupley, 2003). In order to prevent the distribution of illegal copy of music, Hodges Shaw and Brian B Shaw (2003) says that government has persuaded users regarding importance of not using file sharing for copyrighted materials over the Internet by considering it as illegal actions. 3. 2 Barriers to Entry One of common barriers to enter a new market is brand loyalty or in terms of multinational business, the main barrier could be the nationalism. In music industry, one significant challenge that continues gains popularity is iTunes, a legal web-based music distribution from Apple Company. In music industry, especially regarding the competition between EMI Music and p2p companies and iTunes, the brand loyalty is obvious since the fever for iPod products has driven the use of iTunes to download legal music (Manjoo, 2003). The entry to some markets like educations gets fiercer as Jason E. Lane and Margaret A Healy (2005) revealed in their article File Sharing, Napster, and Institutional Responses: Educative, Developmental, or Responsive Policy that file sharing (including music, video, and file sharing) has been parts of students activities. They usually use the internet to share their favorite music and movies illegally. In addition, Scott (2001) and Dong et. al (2002) reveals that file sharing remains a popular services due to their offering free downloading music and video. 3. 3 Products Substitution Impact of product substitution is possibly the most overlooked factor although its impact is damaging. Therefore, it is imperative that business must not only look at what the company’s direct competitors are doing, but what other types of products people could buy instead. The products substitution for EMI Group is the introduction of various digital formats like MP3 and MP4 that easily downloadable that enables customers to convert the CD format to MP3 and distribute it by e-mail. This is because EMI Group mostly still relies on the distribution of music in CD format that they believe is still better than others do. Figure 2 Music Format Source: RIAA, 2006 3. 4 Buyer Power In music distribution and recording industry, there are some factors that influence buyer power including size of buyer (larger buyers will have more power over suppliers), number of buyers (when there are a small number of buyers, they will tend to have more power over suppliers), and purchase quantity. 3. 5 Supplier Power Concerning the supplier power in recording industry, we find that digital format developer that invent MP3 and p2p technology continue gain popularity that further drive the customers to increasingly avoid the use of products distributed by recording companies (Manjoo, 2003). 4. EMI Groups plc Strategic Position in Music Publishing and Recording Industry Realizing the fierce competition that occurs in the music and recording industry, EMI Group develops several strategies such as the selection of new talents that will hit the market and develop sustainable distribution strategy to speed up the existence in new market. Among the distributions system, EMI Group appropriately conduct joint venture with foreign companies in order to smooth their distribution. One of them is with EMI Televisa joint venture that helps EMI Group to distribute Celestial and other English language album (EMI Group, 2006). The decision to conduct joint venture is a good strategy to be implemented for EMI Group since it is a model in business that composes of two or more enterprises that join hand-in-hand to increase their competitive advantages. In this scheme, joint venture is somewhat similar to partnership but joint venture is derived from one business transaction. Joint venture is preferred because it can help companies to divide potencies, reduce threats, and raise competitive advantages in the market. Joint ventures can be formed as separate business units or cooperation between businesses (â€Å"Corporate Venture Strategies†, 2001). Developing a joint venture properly can obtain many benefits and advantages, such as dividing expenses and risks, enhancing right of entry to monetary resources, admission to innovative knowledge and consumers, and admission to new decision-making performs. Moreover, companies are able to have some bearing on structural development of the business. Conduction of knowledge and skills are also accomplished easily (â€Å"Corporate Venture Strategies†, 2001). 5. EMI Strategic Choice EMI Group plc is a well-known company in music and recording industry. The company is currently perceived as the fourth largest recording company in the world behind Universal Music Group, Sony BMG, and Warner Music Group. The company main business is the distribution of compact discs, videos, and other formats under the auspices of their subsidiaries and partners including EMI Records, Capitol, and Virgin (Yahoo Inc, 2008). The label company is behind the success of many famous artists such as Norah Jones, Lenny Kravitz, and The Beastie Boys. Currently, the company also handles more than one million songs. The strategic position of the company has attracted many larger companies such as Warner Music Group (WMG) to takeover EMI Group plc. Although many acquisition attempts, the company finally bought by Terra Firma, a private equity firm, for $4. 9 billion in 2007 (Yahoo Inc, 2008). 6. EMI and Its Critical Success Factor The winning strategy of EMI Group exists since the company is suitably conducting several strategies that benefit the company in the long term. One of popular strategy is the decision to outsource their CD manufacturing in Australia. This decision occurred in 2004 where EMI Music and Warner Music conduct agreement with Summit Technology Australia Pty Ltd to own CD Manufacturing business together (EMI Group, 2006). This strategy provides great benefits for EMI Group since the company significantly obtains costs reduction and helps the company to insulate the business from the effects of changing volumes. Figure 3 Reasons of Outsourcing Source: Outsourcing World Summit This is in line with the general benefits of outsourcing where costs reduction becomes the main issues that companies perceive. When discussing the outsourcing business model, the images refer to advantages that organizations obtain, especially refers to costs reduction. However, the benefits of outsourcing do not merely the cost reduction. Figure 3 shows six main reasons of carrying out outsourcing in an organization like EMI Group according to Outsourcing World Summit. Similarly, to costs reduction, outsourcing also provides benefits of helping the company to focus on core competencies. In theory, outsourcing is only used for delegation of non-core activities concerning the mission statement of the company. Nevertheless, many corporations outsource some of their core functions to gain more value in competitive advantage. Furthermore, many if an organization is able to develop a good relationship with its outsourcing partner, the long-term effect would be a sustainable competitive advantage. Another critical success factor is the decision of EMI Group to take benefits of digital technology. Previously, the company relies on tradition supply chain as shown in the Figure 4 below. In traditional supply chain (figure 4), we witness that recording companies make huge revenue and thus the profits from the two elements (in blue boxes). However, this model soon changes considering technology advancement in music like MP3 that immediately spawned illegal peer-to-peer music download over the Internet. Concerning the issue, coupled with wide coverage of high-speed Internet access, recording labels realize that they should change their supply chain to adopt the advancement in information technology as described in the following section. However due to the benefit that digital distribution provides, the company also offers the digital option for the supply chain (Figure 5). By developing the digital distribution, the company starts receiving significant growth on digital revenues. In 2006, digital revenue contributed about 8. 5% of total Group revenues. In addition, digital revenues also experienced significant growth by 78. 2% in 2006, providing more opportunity to receive more revenue from this technology (EMI Group, 2006). In this web-based supply chain model, we witness that recording labels are massively legalize licensing strategy that significantly fire up a legal digital music subscription (in contrast to Napster that was illegal). 7. Key resources and capabilities of EMI in the last Five Years and Suitability, Feasibility, and Acceptability Concepts There are several key advantages and resources the company possessed within the past five years. First is EMI Music keep finding new talents that bear success in UK and North America, in particular, and in the world, in general including Letoya, 30 Seconds to Mars. This strategy represents the feasibility of strategy taken by EMI Group since competitions between recording industries is mainly regarding the artists that the company manages their music creation. Second is the success of current managed artists including popular artist such as All Saints, Keith Urban, Norah Jones, Robbie Williams, and Depeche Mode. This artist management represents the suitability to manage the popular artists and release the unpopular one. Meanwhile, EMI Music Publishing successfully finds songwriting talent that result in the attractive performance revenues that represents the acceptability (EMI Group, 2006) 8. Conclusion In the basic marketing management study, four factors characterize the successful marketing; they are product, place, promotion, and price. In the recording industry while product represented by the artists, distribution or place factor also provides significant contribution to the company. This is in line with O’Brien and Springman (2004) suggestion that say companies should balance supply and demand since focusing entirely on the supply side may result in unnecessary capital expenditures, inventory investments or suboptimal solutions. Concerning the challenges in the music and recording industry, this paper has discussed about Emi Group plc, a giant in music and recording industry. In particular, there are several issues including the identification of strategic choices that EMI performs, EMI and its critical success factors in competing in the industry within the last five years, and the use of appropriate management concepts in evaluating the suitability of EMI’s current strategies to deal with future competition. Reference: Carlson, Scott. (2001). Napter Was Just the Start of the Bandwidth Invasion. Chronicle of Higher Education, v47 Corporate Venture Strategies’, [Online] Available at: http://www. 1000ventures. com/business_guide/venture%20strategies. html Daugherty, Tyson. 2002, ‘Creating a Digital Music Marketplace’, [Online] Available at: elab. insead. edu/publications/mbareports/ Creating%20a%20digital%20music%20marketplace. pdf Elizabeth Scott, M. S. 2008, ‘Music and Your Body: How Music Affects Us and Why Music Therapy Promotes Health’, [Online] Available at: http://stress. about. com/od/tensiontamers/a/music_therapy. htm EMI Group Limited. 2005, ‘EMI Group Overview’, [Online] Available at: http://www. emigroup. com/About/Overview/Default. htm EMI Group. 2004, ‘EMI continues manufacturing outsourcing strategy with agreement to sell Australian CD plant’, [Online] Available at: http://www. emigroup. com/Press/2004/press18. htm —. 2006, ‘EMI Group plc results for the six months ended 30 September 2006’, [Online] Available at: http://www. emigroup. com/Press/2006/press70. htm Forness, Megan J, ‘Copyright and Fair Use’, [Online] Available at: http://lrs. ed. uiuc. edu/students/forness/copyright. html Freeman, Jillian S. 2005, ‘The Pros and Cons of Sharing Music on the Internet’, [Online] Available at: http://www. angelfire. com/de3/jfreeman/termpaper. htm Harcourt, Robert H. and Robert W. Hutchinson. 2004, ‘Sup

Accountant Responsibility - 1863 Words

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