ESL Practice Conversation Tomorrows Meeting

Alice: Were having a meeting tomorrow. Can you make it?Kevin: When is it taking place? Alice: Were planning on 10 oclock. Is that OK?Kevin: Yes, thatll be fine. Alice: Were going to go over last quarters sales figures.Kevin: Good. I have some input Id like to make. Alice: Frank is also going to make some suggestions on improving the bottom line.Kevin: Thatll be interesting. Hes got keen insights. Alice: Yes, hes going to outline some new sales strategies.Kevin: Is Alan attending? Alice: No, hes flying to San Francisco and wont be able to make it.Kevin: Oh well, maybe Hell phone in. Key Vocabulary to make a meetingto take placesales figuresquarterbottom lineinsightstrategyto phone in

Ford Motor Company Case Analysis - 1788 Words

Ford Motor Company is one of the top automotive companies in the world. It was founded in 1903 by Henry Ford who wanted to develop some kind of transportation for the individual convenience and to make the product affordable. In 1909, Ford Motor Company manufactured its first automobile called the Model T. This was a big success among the regional especially in Detroit where it all began. As the popular for the Model T rose, Ford had to increase its production to keep up with demand. The company produced more than $15,000,000 cars before deciding to introduce another brand of automobile. In 1928, Ford unveiled the Model A which represented a higher end product then the Model T. Ford produced six types of automobile, the New Ford Pleasanton, Tudor Sedan, Roadster, Coupe and the Sport Coupe which the price ranged from $400-$600. Ford has kept to their promise to make their products affordable for all. Ford Motor Company was at the top company in its industry next to Chrysler, General Motors. Fast Forward to present day and nothing has changed, Ford is still producing cars that are affordable and meet the needs of their customers. The automotive industry has not been easy for Ford due to the fierce competition from General Motors and other companies such as Tesla, Toyota, BMW, and Mazda. Ford has always stayed in front of the curve by introducing new models such as the Ford Focus, Ford Fiesta, Ford Explorer, Ford Fusion, Ford Edge and of course the Ford Mustang. The successShow MoreRelatedFord Motor Company Written Case Analysis2381 Words   |  10 PagesTABLE OF CONTENTS 1. INTRODUCTION 2 2. Case Question 2-8 2.1 Define and discuss Fords business-level strategy. How can the companys value-chain activities be better linked to create value for the company? 2.2 How can Ford successfully position itself in terms of the five forces of competition? 2.3 In what ways can the company effectively manage customer relationships to increase strategic competitiveness? 2.4 What conditions and toolsRead MoreFord Motor Company Case Analysis1104 Words   |  5 PagesThe current situation of the Ford Motor Company, revenue of $44 billion, 6 percent above second quarter 2006. The company net income of $750 million, or 31 cents per share. Profit of $258 million, or 13 cents per share, from continuing operations excluding special items. There was a significant year-over-year improvement for all automotive operations. Ford Motor Credit pre-tax profit of $112 million. Cost reductions of $600 million; $1.1 billion through the first half of 2007. There was automotiveRead MoreFord Motor Company Case Analysis1230 Words   |  5 Pages Company Summary: The Ford Motor Company is one of the most largest and profitable U.S. automakers in the world. Today the company headquarters operates in the Motor City, located in Dearborn, Michigan. The Ford Corporation was found by Henry Ford back in 1903, after a disagreement with his financial investors. He then decided to pursue his passion for owning his own business. The Ford Company designs and manufactures durable automobiles, automotive components, and systems. This corporation isRead MoreFord Motor Company Case Analysis Essay1585 Words   |  7 PagesThroughout the late twentieth century, the Ford Motor Company received numerous complaints regarding incidents involving their vehicles. Consumers of Ford vehicles reported that at least one of their tires spontaneous blew out while driving at highway speeds; more often than not, these accidents resulted in the driver losing control and rolling the vehicle, causing injury or death. After numerous lawsuits, lawyers began to notice a trend. Through multiple clients, they observed the majority of incidentsRead MoreFord Motor Company Case Analysis1842 Words   |  8 PagesDepartment FROM: Sawyer Folks, Business Analyst DATE: April 27, 2015 SUBJECT: Ford Motor Company Background The Ford Motor Company has had a rather tarnished legal history. Ford got into some hot water in the 1990s and 2000s over multiple safety scandals. One of these scandals occurred in 1996 and involved faulty ignition switches that would short and cause fires. The ignition switch scandal then led to Ford being sued by State Farm for neglecting to release information about the faulty ignitionRead MoreFord Motor Company Case Analysis Essay1776 Words   |  8 PagesIntroduction The Ford Motor Company (Ford or â€Å"the company) is an American automotive producer headquartered in Dearborn, Michigan. The company was founded on June 16, 1903, by Henry Ford. The Ford Motor Company manufactures and sells commercial vehicles, luxury cars, Standard Utility Vehicles (SUVs), and automotive parts all over the world. Known for their size, geography, and business model, Ford is often referred to as one of the â€Å"Big Three,† along with General Motors and Chrysler AutomobilesRead MoreCase Analysis Report Ford Motor Company and Firestone3599 Words   |  15 PagesCase Analysis Report In August 2000, Ford Motor Company and Firestone Tire Company recalled 6.5 Million ATX and AT tires that had been installed on Ford’s Explorer model SUV. At the time, it appeared as though Ford and Firestone were doing the right thing. They had found out that the tread separated on Ford Explorers in states with intense heat, such as Florida and Texas. However, it later came to light that both Ford and Firestone had known about these problems earlier than 2000 and that FordRead MoreCase Study : Ford Motor Company1611 Words   |  7 PagesFord Motor Co. Casey T, Blackburn Business 104 Business Organization Management Dr. Earl Murray Jr. 1 November 2015 Abstract I hope that this meets the intent of this paper and that you learn something new about the management of an organization that I have the most interest in. I wanted to discuss how the lessons that we have covered during this class are used and demonstrated in a large worldwide company such as Ford Motor Co. Ford Motor Co. Ford’s Motor Company History Ford Motor CompanyRead MoreFirestone and Ford Case Analysis Essay1458 Words   |  6 PagesIssue II. Questions for Case analysis a. What are the ethical and social issues in this case? b. Who are the stakeholders and what are their stakes? How do legitimacy, power, and urgency factor in? Do these companies care about consumers? Discuss. c. Conduct a CSR analysis of both Firestone and Ford. How do they measure up in fulfilling their various social responsibilities? d. Who is at fault in the tire separation controversy? Bridgestone / Firestone? Ford Motor Company? The NHTSA? IIIRead MoreLegal Analysis Grimshaw V Ford Motor Company1449 Words   |  6 PagesLegal Analysis Grimshaw v. Ford Motor Company Facts In 1972 a Ford Pinto, purchased six months prior, unexpectedly stalled on the freeway in California. The Pinto was hit from behind by a Ford Galaxy, erupting into flames instantly. The driver of the car, Lilly Gray, suffered from fatal burns and died a few days later in the hospital. The passenger, a 13-year old boy named Richard Grimshaw, was also severely injured from burns, which caused his face and body to be permanently disfigured. After

Management strategy and practice of the nokia corporation ltd Free Essays

INTRODUCTION Nokia Corporation Ltd is one of the topmost mobile phone manufacturing companies. It manufactures a wide range of mobile phone handsets that befit and satisfy consumer demand. It is based in the South West part of Finland. We will write a custom essay sample on Management strategy and practice of the nokia corporation ltd or any similar topic only for you Order Now ORGANIZATIONAL STRUCTURE With its headquarters based in Singapore, Nokia Corporation operates in various geographical locations. The enterprise is further categorized into different business segments with each specializing in specific operations:  Nokia Treasury Asia: – This is based in the headquarters and serves the corporation’s subsidiaries of the Pacific (Asian). This region serves as the banking unit by providing a wide range of financial services. Japan/ China region: – These regions specialize in Research and Development. It is the ‘epicenter’ of new innovations/technology and new brand implementation.  Within the America’s region, Nokia Corporation has assembly, IT solutions and program design business units. In general, the company has a flat organizational structure. This is because of few levels of management (about six). The chairman, who doubles as the President is deputized by the vice Chairman (Vice President). This Manager has only four executives below him. This structure is a form of strategy for the corporation as it reduces bureaucracy and enhances both the flow of information and the decision-making process. NOKIA’S INCOME STATEMENTS The most recent quarte’s Revenue is â‚ ¬ 9,856 million The net income figure during the same period was â‚ ¬ 979 million. The company’s current stock price as at 11.03 AM, 07/19/07 is $ 29.81.The previous price was $29.73. I expect the stock price to grow in the next quarter. This is due to the high demand of the company’s stocks due to its high profitability and performance in the Stock Market. FINANCIAL STRATEGIES The Corporation operates in patents and rights. These include the GSM/WCDMA and CDMA2000. These have led to advantages like reduction of production and operating costs. The management of the company uses internal growth/financing that is expensive in terms of interest charges. Because of this, it issues ordinary shares when finances have to be raised. It also uses its retained earnings which are sufficient owing to its optimal dividend policy. In order to increase its profitability and market share, Nokia Corporation has entered into a joint venture with other telecommunication companies like Sanyo.  And in order to attract a competitive advantage over other companies in the industry, Nokia Corporation has embarked on acquisitions. An example is Intellisync plc in February 2006. Another of the firm’s strategy is that of mergers with other telecommunication companies. This has seen the company merging with Siemens AG in June 2006. This according to the management will give the company enviable synergistic advantages such as reduction of operating expenses. It would also enable the company tap more expertise as well as bar new entrants from joining the industry. The investment division carries out financial plans and analysis before undertaking any financial ventures. This is geared towards risk reduction and investments on projects that can only yield positive net benefits in present value terms. Through the Finance Department, the company also carries out sensitivity analysis to determine the effect of changing certain financial parameters on the outcomes. These include the discounting rates, economic life of projects,e.t.c. In order to reduce its financial risk Nokia corporation diversifies its investments by investing in a portfolio form. These range from treasury bills, to mutual funds and other long-term projects. MANAGEMENT STRATEGIES. One of Nokia Corporation’s   management strategies is brand/design. The Corporation is the leading in in product modification, producing a wide range of Nokia handsets. It is through this that a company can gain the loyalty and confidence of the customers. The phones also have very fascinating ring tones, games and even internet solutions. They have designed them in a way that they are user friendly. The human resource department of the company comprises of experienced and highly skilled and motivated staff. The firm employs better recruitment and selection methods in fulfilling the staffing function. The management of Nokia carries out frequent environmental surveys to determine what they can be able to explore from the environment( opportunities) and what dangers the same environment poses on it (threats). This analysis is important because through it, Nokia corporation identifies the strengths at its disposal that can enable them make use of the opportunities. They also determine their   weaknesses   and how these are likely to hinder their success. In order to avoid high labor turnover especially skilled and expertise, the company adopts betters and attractive wage packages for its employees and other perquisites. They are also actively involved in core decision making processes thus making them feel part and parcel of the organization. When it comes to conflict resolution, the management uses the collaborative style to resolve organizational conflicts. These tend to give both parties in conflict a win-win situation by giving every party equal satisfaction. Another Nokia’s management strategy is time management. In the Nokia working environment, time is the most essential asset. This resource is highly valued as idle capacity is   costly to the organization. The management, in a chart form has laid down ways in which staff and all other employees can be able to properly manage time. Every employee is required to set his/ her objectives which he/she wants to accomplish. The goals have to be prioritized   with each employee having his own individual working schedules. REFERENCES https://www.finance.com/credit-cards/compare-credit-cards/citi.action?ID=most-popular-credit-cards How to cite Management strategy and practice of the nokia corporation ltd, Essay examples

Effect of Business Ethics on Business -Free-Samples for Students

Question: Discuss about the role of Ethics in Business, Benefits of being Ethical and how they affect Business Industry. Answer: Business Ethics: An Introduction Business ethics is also known as corporate ethics i.e. class of applied ethics that focuses on ethical principles and problems that generally arises in business environment. It is very imperative for the conducts of individuals and even for the conduct of entire organization. Organization of these ethics can be done by individuals, organizational statements and by the legal system. Simply, business ethics are organizational standards, norms or a set of value that define the action and behavior of an individual in a business organization. In past few years, customers have also started showing keen interest in ethical conducts of business and thats why business organizations are paying more attention on business ethics. For achieving strong position in long term, they have to consider business ethics. In fact retailer has to consider more on business ethics as compared to other businesses. The main motive is that retailers are the nearest to customers in supply chains. Now days custome rs are getting more aware not about the products but even about the ethics conducted by the organization. They dont even hesitate to react in case of unethical business practices (Ruiz-Palomino, Mart?nez-Canas Fontrodona, 2013). This report focuses on potential ethical issues in retail sector. The report also discuss about the role of ethics in business, benefits of being ethical and how they affect business industry. Challenges in business ethics Ethical issues facing retail sector Retailers in present time are trying to motivate the employees to behave ethically but sometimes, retail industry has to face some issues related to ethical practices. The issues can be related to sustainability, green practices, or ethical behavior etc. There are some ethical issues facing by retail sector, some of the ethical issues are described below- Green issue- Now days green issue is becoming a very popular topic as many organizations preferred to go green. It simply means less use of those activities which are harmful to the environment by the businesses. It means reducing the emission of CO2 gas, reducing wastage, reducing power usage and increasing the use of environment friendly power sources. Green products are generally expensive and thats why only 28% of the customers want to pay premiums for the green products. Environment related issues are the most popular issues in top retailers of the world. All the retailers accepted the environment as a key element of ethics related to a business. This highlights the importance of environment in business ethics (Arnold Valentin, 2013). Product safety- Since safety is the basic right of all consumers and it is also provided by the product safety acts that only safe products should be available to consumers in the market. Product safety means the level of risk available in using of product. Generally every product involves an accepted level of risk. It is the responsibility of everyone in the supply chain to provide safe products to its customers. Customers faith can be destroyed in case of selling of unsafe products. So it is very much Crucial to sell safe products to the customers. Ethical sourcing- This is the most crucial factor of business ethics. Government, trade unions and consumer groups are paying more attention on working conditions for those who are producing their products. Media campaigns also started highlighting the poor working conditions in factories and farms. Ethical sourcing is now become the corporate responsibility agenda for most of the retail organizations. Retailers are also implementing corporate norms or codes to properly ensure better working conditions to the laborers (Brunk, 2012). Sustainability focus of retail sector Now days, many industries used to take the principle of sustainability as one of their major challenges. As retail is a process of selling goods or services to its consumers and thats why they have to face major issues like carbon emissions, greenhouse gas emissions etc. the retailers have to check the products before offering it to sale so that they could not harm environment (Crane Mattey, 2007). They have to stock those products which can help in getting environmental goals like zero waste, reduce greenhouse gas emission etc. The company achieves these goals by proper training to its employees which involves two pronged strategy understanding of importance and creating awareness and then implementing the process. Well-planned corporate sustainability strategies help in minimizing the environmental and social risks and increase the profit of the business (Reisch, Eberle Lorek, 2013). Major stakeholders in retail sector The success of an organization depends upon the satisfaction level of the stakeholders. Stakeholders are those who are interested in the business activities and profit of the organization. Figure 1: Major Stakeholders The major stakeholders in the retail sector of any company are as follows: Customers- Customers are generally the stakeholder of the businesses. Now days customers are interested in low priced quality products and consumers attracted towards those retailers who offer low priced quality products. Since consumers are also the kingpin of market and thus retailers address the interests of consumers as stakeholders. Investors- Investors are generally interested in the profits of the industry because it will increase their earning per share. Investors also keep trying to lower the cost of the industry because it will increase their profit. Also, profit is the primary and most vital objective of any business as without profit there would be no business and thats why investors are the main stakeholders for any business. Employees- Since employees are the most Crucial resources of the organization. Generally, employees have two main interest in the organization i.e., job security and higher wages. Now days companies also make policies and norms for durable job securities of employees as without employees there would be no work in the organization. So employees are also the effective stakeholders for any organization (Hough, Green Plumle, 2016),. Suppliers- Suppliers are interested in high sale of their products with high profits. As not only high sales required, they also show keen interest to sell it in effective profitable way. So they always want to sell their products at high prices by the retailers but sometimes that may not be possible. So, suppliers are the least prioritized stakeholder of any retailer. Factors to manage business ethics Since ethics are related to values, conducts and behaviors so ethics programs are more process oriented than management practices. Ethics programs make deliverables i.e., strategies and actions, codes, budget substances, newsletters etc. The most significant feature from an ethics program management is the process that produces these deliverables. The most excellent ethical morals and behaviors are meaningless if they are not able to create fair and just behaviors in organization. So, strategies that generate ethical values, codes should also create actions and training that convert those values into suitable behaviors (Brunk, 2010). The best way for an organization to gain reputation is to demonstrate behavior. When the staff will aware of the ethics management, the more number of ethical issues can be identified. The best way to handle ethical problems is to avoid their emergence at first place. The process involved in developing ethical conducts will help the employees to follow that from the very beginning of stages (Burcea Croitoru, 2014). Importance of managing business ethics Business ethics has the key role in the growth and success of the organization in the operating market. There is significant importance of being ethical for any organization- Since every employee wants to be engaged with his or her job role in the business that is fair and right in strategies and actions. So being fair and honest is a basic human need. An organization which is fair in moral and ethical values has automatically able to generate goodwill in the market. Such organizations are respected in the society even they are of small scale. Ethics are the common line that brings employees and top management on a common platform and so organizations driven by values will always be united by employees (Biong, Nygaard Silkoset, 2010). Decision making is not only Crucial in life but also have much importance in any organization. Decision making driven by values not only help in success of any organization but also add to its goodwill for a long term. Figure 2: Ethics benefits Ethics also play a crucial role of securing the society. Ethics helps in implementing various laws which ultimately helps in safeguarding the society (Segon Booth, 2015). No business can function itself independently; it has to depend on other organizations for smooth functioning. The inter-relationship of the organization gets strengthened by adopting business ethics. Some social problems like strikes, lockout will not arise if the organization is following the business ethics as their will be fair and just relation between the employers and employees; customers and sellers. Conclusion In summary, this report discusses the importance of business ethics in retail sector. The report also highlights the fact that organizational profitability of any organization is improved by the use of ethical codes and conducts. From the above discussion, it is analyzed that there are some ethical issues which has to face by the retail industry. Further, it is analyzed that retail industry is focusing on the sustainability practices to get competitive advantage in the market. There are some factors that manage the ethics in the business. From the discussion, it is observed that ethics is Crucial in the decision making process in the business operations References Arnold, D. G., Valentin, A., (2013), Corporate social responsibility at the base of the pyramid: Journal of Business Research, 66(10), 19041914 Biong, H., Nygaard, A., Silkoset, R., (2010), The influence of retail managements use of social power on corporate ethical values, employee commitment, and performance: Journal of Business Ethics, 97(3), 341363 Brunk, K. H., (2010), Exploring origins of ethical company/brand perceptions: A consumer perspective of corporate ethics: Journal of Business Research, 63(3), 255262 Brunk, K. H., (2012), Un/ethical company and brand perceptions conceptualising and operationalising consumer meanings: Journal of Business Ethics, 111(4), 551565 Burcea, N., Croitoru, I., (2014), BUSINESS ETHICS: Journal of Public Administration, Finance and Law, 6 Crane, A., Mattey, D., (2007), Business ethics: Managing Corporate Citizenship and Sustainability in the Age of Globalization, (2nd), New York: Oxford University Press Inc Hough, C., Green, K., Plumle, G., (2016), Impact of ethics environment and organizational trust on employee engagement: Journal of Legal, Ethical and Regulatory Issues, 18 Reisch, L., Eberle, U., Lorek, S., (2013), Sustainable food consumption: an overview of contemporary issues and policies: SSPP Journal, 9(2) Ruiz-Palomino, P., Mart?nez-Canas, R., Fontrodona, J., (2013), Ethical culture and employee outcomes: The mediating role of personorganization fit: Journal of Business Ethics, 116(1), 173188 Segon, M. Booth, C., (2015), Values Based Approach to Ethical Culture: A Case Study. Ethics, Values and Civil Society, 9, pp. 93-118

King Arthur and the Round Table free essay sample

A paper which traces the history of written texts relating to King Arthur and the Knights of the Round Table. The paper shows that if there was an historical King Arthur he would have existed centuries before the era of knighthood, probably sometime in the sixth century. It discusses how the historical reality of Arthur is much in doubt and remains a controversy, though Arthur has his champions who believe the stories of his reign began with a real personage and then were turned into myth and legend by various writers, each treating Arthur differently. The author traces the history of the stories relating to Arthur, and analyzes some of these works such as Sir Thomas Malorys Le Morte DArthur and The History of the Kings of Britain by Welsh monk Geoffrey of Monmouth in 1135. Many of the elements that would be part of the later tradition were missing, however. We will write a custom essay sample on King Arthur and the Round Table or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Arthurs court is not at Camelot but at a place called Caerlon-on-Usk, or City of Legions. Geoffrey contributed at least three new elements to the existing histories of Arthur he supplied Arthur with a family tree, told of Arthurs association with Merlin, and described his burial at Avalon. Later chroniclers would use Geoffreys account as a source and would develop more complex stories establishing Arthur as a king in the popular imagination.

How to Become a Great Leader by Developing Leadership Skills

How to Become a Great Leader by Developing Leadership Skills Leadership skills. Successful people have them. You want them. But if you’re just starting out or looking to move up to the next level, what are they, exactly, and how do you acquire said skills? Saying you’re a leader is all well and good, but you need to be able to demonstrate how you’ve led and instill a level of trust in people. The good news is that it’s never too early (or too late) to start working on your leadership skills.10 Leadership Skills You NeedLet’s start by determining a list of skills that translate to almost any professional situation and apply no matter what your position. If you can cultivate and grow the following 10 skills, you’re well on your way to not having to fake it ’til you make it–you actually can and will eventually lead.1. Project ManagementBeing a leader means being able to see (and implement) the big picture, so project management skills are crucial. Whatever the project is, it’s importa nt to show your control and ability to keep things moving forward at every stage.2. Ability to DelegateAny leader who tries to do everything him- or herself is probably gearing up for a belly flop. Part of leading well means delegating well, and making sure that tasks are going to people who can complete them correctly and on time. Part of that is trusting colleagues to do what they need to do, which can feel like a big leap when our instincts are to trust ourselves first.Knowing what to hold and what to let go is a major part of leadership. It’s about finding the best team and methods to get the job done, not showing off how much you can take on before you drop.3. HonestyIt’s not just about you trusting colleagues; they also have to trust you. That’s not going to happen if you have a history of dishonesty or shadiness at work. If you cut corners or throw people under the bus, the people around you will feel free to do the same, not to mention your reputation wi ll suffer. According to Tanya Prive at Forbes, â€Å"Your business and its employees are a reflection of yourself, and if you make honest and ethical behavior a key value, your team will follow suit.†4. CommunicationGood leaders are good at communication going both ways. They can listen to colleagues and experts to see what’s needed, process those needs into a coherent plan of action, and let everyone involved know. Being able to communicate clearly and efficiently is a must- in person and in writing.5. Risk ManagementThis means being able to identify, evaluate, and handle risks and potential outcomes. This kind of forward thinking shows a maturity, and can prevent you from charging head-first into action without understanding potential consequences.6. Ability to Work with OthersA leader without a team is basically a one-person band. Sure, it’s possible, but it’s not going to sound super great. Good leaders know how to work with different kinds of people without letting personality clashes, conflicts in ideas, etc. derail the work at hand. Diplomatic skills will always come in handy in the workplace, and the person who brokers peace7. Adaptability/Problem SolvingSome things will go perfectly according to plan. Most things won’t. Basically, this is being able to think on your feet, and stay calm when challenges pop up out of nowhere and hit you in the face. Part of leading is coming up with solutions to challenges (seen or unforeseen) and keeping yourself and everyone around you on track no matter what.8. ConfidenceIf you don’t have confidence in yourself and your ability to get the job done, it’s likely no one else will, either. Confidence also means being able to speak up with constructive comments, or give feedback while feeling comfortable about your level of expertise and experience.9. NegotiationWe typically think of negotiation as something you do when you ask for a raise, or get a new job offer. Really, t hese skills are in use every day- it can be as simple as managing expectations for a client or colleague, or setting your own priorities. Being able to say, â€Å"okay, I can do X, but I’ll need Y† is a very important skill to have.10. AccountabilityA big part of leadership is stepping up and saying, â€Å"this didn’t go well. Here’s why, and here’s how I will improve next time.† Owning up to your role in the process, even when things are going wrong, is a very important hallmark of someone who leads, versus someone who just bosses people around (and disappears when it’s time to fix things).You can keep breaking these down into even more granular skills and skill sets, but these 10  skill areas are part of the core leadership package.5 Ways to Build Leadership SkillsNow that you know the kinds of skills you need to start building your leadership credentials, how does one go about doing that? True, a lot of these things build up thro ugh basic experience- trial and error, lessons learned. But you can also take proactive measures to start growing in these areas sooner than later. Let’s look at five ways you can do this.1. Know your leadership style.I think we all believe we’re the â€Å"tough but fair† leader, right? Churchillian, with dashes of Lincoln and Danaerys Targaryen thrown in? Better to know for sure. Like with general career assessments, there are a variety of quizzes you can take to get a sense of what your leadership personality is.Leadership IQWhat Sort of Leader Are You? (SkillsYouNeed)Assessment: What’s Your Leadership Style? (Harvard Business Review)Once you know where your leadership strengths already are, you can really target your skill-building to start bulking up the areas where you could use a little work.2. Be passionate about what you do.This doesn’t mean that you have to change careers to do something you love, but you should always be able to find some thing in your job to be passionate about. When you’re excited about what you’re working on, that will help with confidence and focus, and can spread to those around you. Being engaged in the process and the outcome also attracts the best in those around you, too, which ups everyone’s game.3. Communicate the heck out of everything.If you’re a strong writer but not a great speaker, find a Toastmasters or public speaking class near you. If you dread making presentations, start working PowerPoints into some low-pressure meetings. If you’re great at coming up with a plan in person, but find yourself forgetting details later, start following up with detailed notes (including next steps) right after you leave a conversation or meeting.If you don’t fully understand something, don’t be shy about asking for clarification, and repeating it back to the person just to make sure (â€Å"just so I’m clear, these are our next steps, right?â₠¬ ). It’s not a sign of weakness or incompetence to ask for a quick recap. Rather, it not only shows that you’re listening, but also that you’re understanding and processing as well.4. Be a leader outside of work as well.You can never go wrong with  volunteering, especially for a cause or organization you feel strongly about. They’re happy to have your help, and if you’re engaged and passionate about the work (see #2), it’s an easy way to start building confidence and experience. Every community has a wealth of opportunities, but if you need help finding a good volunteering match for your interests, location, and schedule, these volunteer match services are great:All for GoodVolunteerMatchHandsOn NetworkAdvocacy and volunteer work are a great way to build communication skills, time management skills, operational skills (especially if you’re involved in administration, budgeting, or overseeing), and working-with-others skills, witho ut the pressure of affecting your work performance.5. Learn from the experts.Leadership training is a thing, because no one starts out with a full set of leadership skills. Experience is an important part, of course, but so is the mindset and knowledge base- and both of those can be learned fairly quickly. One way to jumpstart your leadership skills is to take courses. You can take these online, so it fits in with your already-busy life. Some good resources for these types of classes:American Management AssociationCourseraOne MonthClasses like these give you instant access to experts and concepts that can help you start thinking and acting like a leader, no matter where you are in your career at the moment. For those of us not lucky enough to have Jack Donaghy as a mentor, the Internet gives us plenty of access to resources that can start bridging that skills gap.You may have heard the phrase â€Å"natural born leader,† but really, the best leaders are the ones who work hard to get where they are, with the skills and knowledge they pick up along the way. And building those skills is a process you can follow no matter how junior your role is, or how your company is structured- it’s about you, not about your job title. Go forth and start leading!

Why Do People Attend College or a University Essay - 1

Why Do People Attend College or a University - Essay Example In the process, as the students become favorably engaged in learning, they discover real potentials so that they eventually alter course or enroll for a program and continue attending school for the new field of interest sought thereafter. It is not an unusual scenario that a great percentage of a nation’s population enter and leave an academe yearly, hoping to be trained under courses which are thought of to equip young individuals with pertinent skills and intellect that would determine their place in the industry or corporate world. The common notion that college graduates are secured of a profession or a preferred nature of work often assumed as lucrative is kept in mind, inspiring people to invest in college education. Parents and children alike seem conventionally attached to this system of thinking where they believe that attending college is, by all means, a profitable investment in terms of enabling individuals to construct knowledge and expertise to be well-suited for one’s aspired career. With the right academic tools and resources as well as fully developed facilities and a faculty of fine instructors, a college or university manages to provide students with training and instruction meant to e nhance them in several aspects of personal growth. Hence, since a majority of people, even to this extent of a modern age, seek after financial security that is deemed to coincide with specialization or passion for something, a college education remains indispensable. There are, nevertheless, instances in which attending a college or university is chiefly intended for keeping a family reputation intact as in the case of families of prominent figures in the society.  

MHE507 - Bio-Terrorism Module 2 SLP Essay Example | Topics and Well Written Essays - 750 words

MHE507 - Bio-Terrorism Module 2 SLP - Essay Example All the means of bioterrorism identified had been considered ‘harmful’ before the attacks issued. During and after the attacks had been identified, the public had blurred the distinction between the harmful and the safe. Nowadays, people fear that everything around them can be used against them. This philosophy has led to negative feedbacks that controlled experiments about weapons of mass destruction earned. The mass fears that (1) the researches would eventually lead to more dangerous weapons, (2) the research is done to further taunt them, and that (3) the scientists are working towards a malicious goal. Any attack, be is large or small, should be considered as a potential attack, bearing in mind that even the simplest attack can lead to more hazardous ones. As a preliminary precaution, the statistics and facts involving the nature of the attack should be studied, and correspondence should be kept at all costs. â€Å"A look at the facts surrounding the outbreak to determine if anything seems unusual or indicative of bioterrorism should suffice (Pavlin, 1999).† The probability of an attack leading to an outbreak should not be overlooked, and at the first sign of an attack all systems should already be ready for surveillance. There are endless cases of possible attacks, ranging from endemic disease outbreak, reemergence of an old disease, the creation of new diseases, laboratory misfortunes to international attack. The researchers involved in the identification of which of the above-mentioned is the case at a certain attack should be able to observe the symptoms of the attack as well as the events that led to it to determine possible cause of administration. According to Pavlin (1999): The cause of a disease or even the occurrence of something unusual may be very difficult to determine, especially if the initial cases are few. Surveillance needs to be more than routine. Not only

I believe that using technology is a good way to improve our student's Research Paper

I believe that using technology is a good way to improve our student's literacy my Phenomenon - Research Paper Example Writing on keyboard allows an individual room to make spelling mistakes, because they automatically get notified, thus allowing the individual to totally concentrate upon ideas and their interpretation into words. (Schacter) has analyzed five largest and two small scale studies to analyze the effect of technology upon education. As a result of the analysis, Schacter found that the various types of technologies studied in the selected studies that included but were not limited to the computer assisted education, collaborated networked technology, and integrated learning systems technology had positive impact upon the achievement of students in general. Nevertheless, there were special conditions in which technology was found to have no or adverse impact upon education and achievement. For example, the technology is of no use when the objectives of learning are unclear, and some people tend to pay more attention towards technology than education, which makes the attainment of education a secondary goal when it should actually be primary. The research emphasizes that maximum use of technology can be made by clear identification of learning goals, and improvement of the learning environment. There is a well constructed article upon the negative effects of the use of technology in classroom education written by Julia Klaus. (Klaus) has asserted that negative effects may result from the use of technology in classroom if it is used inappropriately. Three potential adverse effects have been identified that are wastage of time in setting the technology or making students skilled in its handling and use, overuse of technology, and promotion of game mentality. Justification of Evidence: The book by (Thompson et al) provides a lot of evidence in support of my point of view that considers technology a means of improving special students’ literary skills. The book is quite relevant to the subject under consideration in that it offers a thorough and comprehensive expla nation of the numerous ways in which computer aided education improves the special students’ reading and writing skills. If we are to judge the role of technology in the education of students, nothing can be better than studying its effects upon the tendency of special students to gain education. Special students are students with disabilities. They are exposed to more challenges than normal students in the attainment of education. Thus, if technology works for them, it definitely does for normal students as well. This is the reason why I selected this book for analyzing this matter. The authors have made a thorough analysis of all potential areas that may be cause of problem in the attainment of appropriate literary skills. Thompson et al first identify the responsibilities of educators, followed by common literacy problems experienced by the students with disabilities. I considered this document worthy of selection for analysis because it covers five of the largest research es ever pertaining to the technological education in addition to two smaller scale researches. The studies are not only the largest but also quite diverse in their sample sizes, heterogeneity of sample and the areas of investigation. After conducting the thorough

Market Entry Strategy Which Is Appropriate In Circumstances Marketing Essay

Market Entry Strategy Which Is Appropriate In Circumstances Marketing Essay INTRODUCTION: The assignment explains that if any firm goes into the international market then what are various types of entry modes and then what can be the various entry strategies. Axinn (2002), state that firms nowadays are enter into international markets much more than before. Therefore, theories regarding globalization that provide realistic mentoring is more significant than it have been discussed in six stages by Kotler Armstrong (2001): Looking at the international environment Deciding whether to go in international market or not Deciding which markets to go in Deciding how to enter in the market Look critically global marketing program, and Deciding on a global market organization Reference: Axinn, C.N Matthyssens, P (2002) Limits of Internationalization theories in an unlimited world. International Marketing Review 19(5), p436-449. Kotler, P., Armstrong, G. (2001). Principles of marketing 9th Ed. Upper Saddle River: Prentice Hall International. DEFINITION OF MARKET ENTRY STRATEGY: According to Green (1995), In literature there is no agreement regarding managerial decision which constitute an entry strategy. Strategy is defined as the firms consistent internal set of objectives and procedures or policies and goals, which support the organizations strengths and weaknesses with the outer opportunities and threats. In other words, if a firms internal variables will be coordinated with external environment to achieve superior performance it shows firms effective strategy is in place. A market entry strategy is formulated a firms decision in regards to organization, market and product before the actual launch of product. Market entry strategies are essential for existence of new firms as they are on the desire path right from the beginning exclusive of differing from their objectives. Several studies revealed that successful launch strategy raise the possibility of firm survival and better performance. According to Sandberg and Hofer (1987), In contrast to any other variables effect of strategy, entrepreneur and structure of industry impact more on performance. The market entry strategy is particularly significant, as it choose number of strategic and planned substitute to the firm in future. We take market entry in a very slow and steady manner because there is lots of risk. Doing business internationally is altogether different from doing business in domestic market. Reference: Green Donna H./Barclay, Donald W./Ryans, Adrian B. (1995), Entry Strategy and Long-Term Performance: Conceptualization and Empirical Examination, in: Journal of Marketing, Vol. 59, pp. 1-16. Sandberg, William R./Hofer, Charles W. (1987), Improving New Venture Performance: The Role of Strategy, Industry Structure, and the Entrepreneur, in: Journal of Business Venturing, Vol. 2, pp. 5-28. FOREIGN MARKET ENTRY MODES: There are different modes in which a domestic firm enters into a international market or the international arena. INTERNATIONAL ENTRY COMPENDIUM Export By Agent/ Distributor Licensing Arrangement Joint Venture Foreign Manufacturing Franchising Arrangement Opening Overseas Office We have almost six types of modes through which we can enter into the international business. Exports through agents or distributors. Opening overseas office. Licensing arrangement. Franchising arrangement. Joint Ventures. Foreign manufacturing. EXPORTS THROUGH AGENTS OR DISTRIBUTORS: We appoint foreign agents in foreign countries and we start getting the business queries from them, this will be the type of process called as doing business through agent. OPENING OVERSEAS OFFICE: Once we are getting business through the agents now we can think in terms of opening our overseas office. So therefore entering into the international markets by opening our own office will further give a push to our sales in that particular country because we have a local presence and we can answer the queries of the overseas buyer. If we can keep our buyers happy we got a position to get more and more sales. LICENSING ARRANGEMENT: If we are already successful in a particular international country, our brands are very popular in that market. Now, we can move out of that particular market by allowing local firm of that particular country to enter into a type of arrangement called licensing arrangement. We give a license to that particular company to start manufacturing our product using our brand name and the technology, but all the investment are made by that particular party, and in lieu if this licensing we are allowed to that foreign company we get the royalty. It means when we are in position to get royalty again we are in a position to have sales in that particular country. We enter into licensing arrangement because we want to enter into some other market to expand our market size. FRANCHISING ARRANGEMENT: It is the arrangement where we identify the type of franchisee who basically interested to take our franchise so this is an arrangement between franchiser and franchisee. Franchisee: The party that is purchasing the franchise from the seller of the franchise. Franchiser: The party that is offering the franchise for sale to the purchaser of the franchise. Franchiser is a export firm who is trying to give its marketing rights to local firm in that country as well as helping that firm in terms of all types of business problems in exchange for a fee. In licensing we take royalty and in franchising we take fee. It is the basic difference between licensing and franchise. Idea is again the same we want to expand our market scope so therefore in certain countries rather than locally produce product in that country we enter into franchising arrangement. McDonalds is the same example of franchising. JOINT VENTURES: Once we have lots of experience and we have accumulated lots of resources we can also enter into certain countries in the form of strategic alliances, these alliances has given a name called joint venture. Joint venture is the type of equity participation. We have so many examples of joint ventures which are already takes place in India. Like joint venture of Hero Honda, there are two companies hero group is the Indian group and Honda group which is from Japan. FOREIGN MANUFACTURING: The company starts manufacturing their product in foreign countries. It means instead of manufacturing product in their own country and then exporting from their and paying the custom duty out there, the foreign firms can think of go out of there country and if they found that the government of that country is promoting industrial investment than they are in position to get the land, and other resources in the terms of finance etc. as well as lots of benefits from the government of that country and then they start local manufacturing in that country and without any type of the partner but on their own. It is also called FDI (Foreign Direct Investment). Reference: Internet WWW page at URL: Foreign market entry modes Quickmba.com. Accessed 08/04/10 from FACTORS INFLUENCING THE CHOICE OF MARKET ENTRY MODE: Several important factors that affect the choice of entry modes are: Market Factors: The size of the target country market is significantly influence on the entry mode. Small market have low break even sales volume so the entry mode must be different (Agent/distributor exporting, licensing and some contractual arrangements). For Markets with high sales potential have entry mode that have high break even sales volume (Branch, subsidiary, exporting and equity investment in local production). Production Factors: Entry mode are largely affected by production factors of targeted country like quality, quantity and cost of raw materials, labors and energy. Economic Factors: Economic infrastructure (Transportation, communication, port facilities etc) also affect the mode of entry into particular country or market. Government Regulations: Defensive Import regulations affect in the form of high tariffs, these regulations make problems an export entry. Geographical Factors: When geographically the distance to the targeted market is too long then cost of transportation becomes a barrier. Dynamism of Country: Economic dynamism of the country also affect the entry mode. Dynamism refers to the rate of investment, growth rate and personal income. Social Cultural Factors: Social and cultural factors are very wide that affect entry mode because of different values language, social structure and different life style of target market country to home country. Reference: Root, F.R (1994). Entry Strategies for international Markets: San Francisco: Jossey Bass Inc. CONCLUSION: For an Organizations or a company thinking of entry into the international arena set of strategic alternatives often changing and depending on the targeted country or market focuses on several ways to enter a foreign market. Organization need to be conscious of how prospective new market may best by still considering the risk and the different economic ,environmental and cultural factors associated with the specific entry strategy (Deresky, 2003). Reference: Deresky, H.(2003). International Management 4th Ed. Pearson Education. (B) Franchising is a common method of entering services markets abroad. What is the special attraction of international franchising to both partners? FRANCHISE: Franchise is a form of business organization in which a company which already has a successful product or service (the franchisor) enters into a continuing contractual relationship with other businesses (franchisees) operating under the franchisors trade name and usually with the franchisors direction, in exchange for a fee. (InvestorWords.com, 2009) Reference: Internet WWW page at URL: Franchise InvestorWords.com, 2009. Accessed 6 August 2009 from BUSINESS FORMAT FRANCHISING: Business format franchising, on the other hand, is defined as an arrangement where a franchisee receives (in addition to the right to sell goods or services) the franchisors designs, quality control and accounting systems, operating procedures, group advertising and promotions, training, and (in case of hotels and travel agencies) worldwide reservation system. (BusinessDictionary.com, 2009). In short, franchising the business format allows small and medium scale franchisees to enjoy economies of scale, brand recognition and loyalty, and strategic support from a large and established franchisor. In return, the franchisor receives a fee for the use of its tradename, trademarks and expertise. More than that, however, the franchisor is able to expand its reach and name recognition with use of the capital investment of the franchisee. Reference: Internet WWW page at URL: Business Format Franchising BusinessDictionary.com, 2009. Accessed 6 August 2009 from INTERNATIONAL MARKET ENTRY STRATEGY: A business format franchise, from its very definition, is designed to replicate the totality of the franchisors business concept in different location; if the franchise is multinational, then the different locations may well be situated in different countries. More than just the trademarks and product design, the business format franchise makes use of the franchisors marketing strategy and plan, operating manuals and standards, and quality control. (Preble and Hoffman, 1995, p. 80) Growth in this area has been so predominant that it is forecasted to be the main (if not nearly exclusive) form of franchising internationally in the 21st century. Business format franchising has become the main vehicle by which multinational business have been able to take advantage of the unprecedented growth of international opportunities. (Preble and Hoffman, 1995, p. 80) There are, according to Preble and Hoffman (2006) three generic approaches or experiences in global franchising strategies: the first mover, platform, and conversion approaches. The first- and early-mover strategies are those strategies which suggest that early entrants into the industry, or pioneers, attain market dominance (i.e., traditionally enjoy larger market shares) over their competitors who arrive later. For this strategy, the timing of market entry is of greatest importance to the success of the franchise. Preble and Hoffman cite Makadok (1998) as a study that such advantages in pricing and share advantage indeed materialize, and are of surprisingly longstanding (or sustainable) duration. First movers exhibit a greater aggressiveness in pursuing strategic investments in research and development, advertising, promotion and distribution. It was determined that Franchisors facing domestic market saturation and rapidly growing markets abroad are more likely to utilize first-mover strategies for international expansion. (Preble Hoffman, 2006, p. 36). The second category of global franchising strategies is that of platform strategies. This involves selecting the most ideal (or at least most advantageous, usually the most business-friendly) country in a region and establishing its platform in that country first, and then eventually expanding into neighboring nations. It is also called an incremental phased approach (Gupta Govindarajan, 2000). This is ideal for expansion into regions wherein the countries comprising the region differ in their levels of organizational development, political stability and cultural traits (Preble Hoffman, 2006, p.39) Situating in a business-friendly country helps to minimize the risk of entry into a region which may either not be open to the companys presence there, or that do not possess the infrastructure and facilities needed for business to flourish. It is recommended that entry into dissimilar markets should be attempted or undertaken only by experienced franchisors. The last classification of strategies for business format franchising is known as conversion strategies. This involves the franchisor adding new franchisees to the network through the acquisition of independent businesses, business chains, or franchisees from other franchise systems in short, it is a process similar to reverse franchising. The business already exists; the business format franchisor merely converts these existing establishments to include them in the franchisors own system. Conversion franchising is best suited to the penetration of mature and already crowded and costly markets, by acquiring existing locations, sometimes in prime, expensive, real estate, eliminating competitors, and benefit from the franchisees existing business network and connections. The franchisor could also take advantage of the franchisees critical resources and skills from which can be developed sources of competitive advantages. The acquired firm, on the other hand, benefits from a source of managerial acumen from the franchisor, aside from the acquisition of a known brand, new technology, logistical support and training. In summarizing these strategies, it is readily apparent that conversion strategies provides the greatest opportunity for not only experienced but also inexperienced franchisors to penetrate international markets and expand operations even in saturated and highly competitive business environments. Reference: Preble, J F Hoffman, R C (1995) Franchising Systems Around the Globe: A Status Report Journal of Small Business Management, Apr95, Vol. 33 Issue 2, p80-88. Preble, J F Hoffman, R C (2006) Strategies for Business Format Franchisors to Expand into Global Markets. Journal of Marketing Channels, Vol. 13 Issue 3, p29-50. The diagram on the page following illustrates the three generic strategies just described. A Contingency Model for Global Franchising Strategies (Source: Preble Hoffman, 2006, p. 45) Reference: Preble, J F Hoffman, R C 2006 Strategies for Business Format Franchisors to Expand into Global Markets. Journal of Marketing Channels, Vol. 13 Issue 3, p29-50. ATTRACTION FOR INTERNATIONAL FRANCHISING: There is some special attraction for both the franchiser and franchisee thats why franchising has been famous around for decades. It is a great approach for business man to hold and drive own business. Same like that it is attractive for the second party in term of operating a business in new environment because they do not have know how of market, cultural and other political and social condition of that particular country. Franchisee should have to do some homework, research the company, and should consult with a franchise consultant before making a final commitment. Franchiser has to do the same research about the countrys political condition, possible social and cultural issues, credibility and previous working experience of the franchisee in the related field. Here are some of the advantages for both the partners in franchising business. LOWER FAILURE RATE: When franchising business is setup there are very low chances to failure of business because franchisee is using the name and fame of the already established organization. On the other hand, franchiser uses the experience and knowledge about the local market, which is very essential for survival of any organization. Independent businesses have 70% to 80% chance of failure in the initial critical years while franchising business has 80% chance of surviving. HELP WITH START UP AND BEYOND: Franchisee got lots of help on initial stages of business and operating it afterwards. Most of the franchisee gets all the apparatus, supplies and instruction or even training which is very essential to start the business. In most of the cases, franchisee gets constant training and help with marketing and management. Franchisee will reap the benefits of the companys international marketing campaigns, while the franchiser get benefit in terms of finance by entering into new market. BUYING POWER: Your franchise will gain from the combined buying power of the International Company as the franchisor can manage to pay in bulk and go by the investments along to franchisees. Stock and materials will cost less than if you were operating an independent company. STAR POWER: Most of the well-known franchises have international brand name and recognition. Getting a franchise can be similar to buying a business with built-in consumers. PROFITS: A franchise business can be hugely beneficial and profitable. (Think of McDonalds and KFC, for instance.) Reference: Internet WWW page at URL: Attraction For International Franchising sbinfocanada.about.com, Assessed 10 April 2010 from

Paul Cronan and New England Telephone Company :: essays research papers

1. Identification of the â€Å"critical or relevant facts† from the case† Paul Cronan was working for New England Telephone Company while diagnosed with ARC – Aids Related Complex and started showing symptoms of AIDS. His supervisors started to get concern with his job performance and health due to his very poor attendance, and the increased amount of absences. During spring 1985, Paul had requested permission on two different days to leave work due to a doctor’s appointment. Paul’s supervisor Charles O’Brian refused to grant him permission a third time, unless he informs him on the reason for the appointment. Charles O’Brian told Paul Cronan that it is company practice to inform the person’s supervisor of any matter which could involve affecting the attendance of an employee. Charles O’Brian insisted on knowing the nature of the doctor’s visits. He promised Paul Cronan that the information would be held in confidence. Charles O’Brian instructed Paul Cronan to see the New England Telephone Company’s doctor. The doctor determined that he had AIDS and recommended to see a psychiatrist. Within the company it became public news that he had AIDS. Other employees were getting afraid of the chance of getting AIDS from Paul Cronan. Paul Caronan started to feel very unsafe to return to work and had requested a medical leave. He soon started receiving sickness benefits. Paul Cronan’s physician sent a medical certificate stating that he was considered disabled for an estimated time frame of three months. The benefits for being disabled was approved for the three months and then extended for 9 months. Paul Cronan decided to sue New England Telephone Company for discrimination against his disability. It was decided by Paul Cronan to settle out of court and they had reached an agreement to let him return to work, and reach a financial settlement. They agreed to reassign Paul Cronan to a new facility in Needham. They also denied all of the allegations and had admitted to no wrong doing. New England Telephone Company agreed to educate the new workers about AIDS at the new facility in Needham. New England Telephone Company held an education meeting between workers and AIDS medical specialists. The doctors informed the employees there was no way AIDS can be transmitted with casual contract. The first day that Paul Cronan returned to work he was exposed to threats from his coworkers because of his sexuality and illness.

Pest Pizzahut

ENVIRONMENTAL AND INTERNAL ANALYSIS OF PIZZA HUT In our visit to Pizza Hut we conducted research on PEST (Political, Economic, Social and Technological) Analysis. In the internal analysis of Pizza Hut we have considered SWOT of the Company. PEST (Political, Economic, Social & Technological) i. POLITICAL ISSUES: Political issues include regulatory frame work operating in judicial system which may affect the business in different ways. There are not many political factors in Peshawar affecting Pizza Hut as is lack of competition. Factors such as laws on business employment, pollution and taxation apply on the organization which it has to follow regarding the rules. ii. ECNOMIC FACTORS: If the county’s economy is better so the GDP of the country will be good, this is a green signal for the business as the per capita income of the people will be increased and they will spend more money. In our survey we came to know that most of the people in the beginning of the months spend more and they visit pizza hut very often. When the inflation rate increases the cost of raw material also increases and this leads towards high prices of the products and vice versa. iii. SOCIAL FACTORS: Pizza hut is a multinational and it is basically originated from America so the organization is overwhelmed by western culture. There are social forms of society which consist of Upper class, middle class, middle upper class, lower class and lower class. Every country has cultural norms, values, beliefs and religion which can affect the organization. iv. TECHNOLOGICAL FACTORS: Now a day’s technology is improving so as baking and heating ovens will be of new and efficient technology and will provide efficient service. Due to new technology there are new ways of marketing like internet; telemarketing and the organization can advertise their products with much more faster pace. Computer based customer data that is MIS (managing information system) helps in collecting customer data, daily transactions, future forecasting and decision making. New vehicles will make their service more efficient. ?

Free Essays on I Stand Here Ironing

In the short story â€Å"I Stand Here Ironing† by Tillie Olsen, a mother looks back at her life as her daughter’s parent. In this short story the main characters are a mother and her daughter named Emily. The story is being mentally told by a mother, while ironing, explaining her daughter’s life from an infant to her teenage years. The mother is recalling Emily’s life due to being contacted by a possible counselor at Emily’s school. The mother’s painful reminiscence reflects the theme that a parent’s sincere efforts in raising children are often hampered by outside forces. There is a point in Emily’s life that shows her mother’s sincere efforts in rearing her daughter with the best intentions. The mother is monetarily providing for her daughter but sacrificing the mother-daughter bonding time. The mother is thinking about the time when Emily was eight months old and she had to leave her with a babysitter. The reason due to the mother taking a job and looking for more work was to support her new daughter. Emily’s father left her mother because he â€Å"could no longer endure (he wrote in his good-bye note).† The mother would leave Emily in the daytime â€Å"with the woman downstairs to whom she was no miracle at all.† The mother was nineteen when she gave birth to Emily during the â€Å"pre-relief, pre-WPA (Work Projects Administration) world of depression.† Emily’s mother â€Å"After a while [she] found a job hashing at night so [she] could be with [Emily] days. But it came to where [she] had t o bring her to [Emily’s father’s] family and leave her.† This is just one of the incidents that make the mother question her parenting practices. It seems that no matter what the mother tries to do to help the best interest of her daughter, it does not turn out as she planned. The mother continues to reflect upon Emily’s past years and their life struggles. The mother is still questioning her parental skills... Free Essays on I Stand Here Ironing Free Essays on I Stand Here Ironing Journal for I stand here Ironing In Tillie Olsen’s short autobiographical story I Stand Here Ironing, she gives the reader a glimpse into her life, the choices she made as a mother, and a single parent. The question of whom or what is to blame for Emily’s problematic childhood remains a mystery though, even after having read the story. Does the blame lie on the shoulders of the mother, or is it the circumstances of the world Emily was born into? When analyzing it psychologically, you could even (since the story is an autobiography in which she portrays herself as the mother) attribute the plight to the manner in which the mother was raised. You could even venture out and blame Emily for her own misfortune. The unfortunate circumstances that Emily was born into seem to contribute largely to Emily’s calamity. The mother â€Å"believes,† or tells herself and the person with whom she is speaking, that things such as her husbands abandonment, and her struggling economic situation gave way to little or no chance of proper care and nurturing. She even hints that the volatility of the socioeconomic and political situation of war contributed by mentioning in her final affirmation that she is a â€Å"child of her age, of depression, of war, of fear.† There is no doubt that the mother feels that Emily has been deprived of a â€Å"normal† childhood as defined by the social standards of the time, but never really claims herself as responsible for it. She also implies inadvertently that Emily’s character, or lack there of, contributes to her calamity. She hints at this by giving examples that portray Emily as passive and pessimistic. She speaks of Emily’s lack of â€Å"direct protest and rebellion.† She claims that Emily never had â€Å"the explosions, the tempers, the denunciations, the demands† that were common to three and four year old children. This implies that Emily was too passive, and was not clear enough when expre... Free Essays on I Stand Here Ironing In the short story â€Å"I Stand Here Ironing† by Tillie Olsen, a mother looks back at her life as her daughter’s parent. In this short story the main characters are a mother and her daughter named Emily. The story is being mentally told by a mother, while ironing, explaining her daughter’s life from an infant to her teenage years. The mother is recalling Emily’s life due to being contacted by a possible counselor at Emily’s school. The mother’s painful reminiscence reflects the theme that a parent’s sincere efforts in raising children are often hampered by outside forces. There is a point in Emily’s life that shows her mother’s sincere efforts in rearing her daughter with the best intentions. The mother is monetarily providing for her daughter but sacrificing the mother-daughter bonding time. The mother is thinking about the time when Emily was eight months old and she had to leave her with a babysitter. The reason due to the mother taking a job and looking for more work was to support her new daughter. Emily’s father left her mother because he â€Å"could no longer endure (he wrote in his good-bye note).† The mother would leave Emily in the daytime â€Å"with the woman downstairs to whom she was no miracle at all.† The mother was nineteen when she gave birth to Emily during the â€Å"pre-relief, pre-WPA (Work Projects Administration) world of depression.† Emily’s mother â€Å"After a while [she] found a job hashing at night so [she] could be with [Emily] days. But it came to where [she] had t o bring her to [Emily’s father’s] family and leave her.† This is just one of the incidents that make the mother question her parenting practices. It seems that no matter what the mother tries to do to help the best interest of her daughter, it does not turn out as she planned. The mother continues to reflect upon Emily’s past years and their life struggles. The mother is still questioning her parental skills...

Law and Order Scenerio essays

Law and Order Scenerio essays A young teenage girl by the name of Jackie Lendrix is raped, and an older woman by the name of Karen is murdered and raped in the same area. After she is raped the police start questioning everyone that is a suspect. Jackie tells the D.A. that she was blind folded and couldnt see who it was. The first to be suspected is Mr. Randal. Her dad rents a room in there house to this forty year old man. To make things look more suspicious to the cops is that the room is right next to Jackies. The cops ask if they can have a DNA sample. Mr. Randal agrees. The police find two matches of the DNA which was retrieved from Jackie. Mr. Randals DNA matched it, but so did his friends Charles Enos. Before they question Mr. Randal again, they question Mr. Enos. The police tell him that the DNA found in Jackie was his. He told the police, Why would he want jail bait when he can get it from her mom. The police then question Mr. Randal again. They tell him that the DNA he gave them was the same DNA found in Jackie. He claims that he has sex with the mother for money from Tom her husband. The police have an idea that the dad is sick minded and might be a sexual obsessive Narcissus. He might just use the kids as vicaress sexual partners. The children wont say anything about their parents actions because they love them. This is called child sexual abusive commendation syndrome. The police quickly put their children to a safe house. While picking them up, they find out that Mr. Lendrix has two kids from a different man. To make things worst, Tom is the one that insisted she should have kids from other men to keep their family going. They question Tom. He denies any such action of hurting his girls in anyway. After questioning Tom, the police go to the safe house to question Jackie. Jackie then opens up and tells them that her dad forced a syringe in her vagina. She told him to stop, bu...

Housing for People with Special Needs Essay Example | Topics and Well Written Essays - 1000 words

Housing for People with Special Needs - Essay Example The essay "Housing for People with Special Needs" summarizes the different areas of affordable housings especially associated with the low-income households. The areas covered include special housing needs of elderly and disabled households, discriminatory behaviors and the fair housing programs, home ownership, and income integration. In the real estate and mortgage market of US, the discriminatory behavior has been convicted as illegal by the federal government at all levels. Certain legislations have been made in this regard which demonstrates the illegality of the discriminatory practices in the real estate and the mortgage market including Supreme Court decision of 1948, Fair Housing Act of 1964 and lastly, the Community Reinvestment Act of 1977. With the passage of time, most of the kinds of discriminatory patterns and behaviors in these markets are declared as illegal after enforcement of such legislation by the federal government. The enforcement of fair-housing legislation although has remained inconsistent such that discriminatory behaviors have not been total disappeared, yet there is evidence which shows a real progress in this regard. The evidence reveals that in the real estate housing market, there has been a significant reduction in the discriminatory behavior in relation to house purchasing and renting in the 1990s. Similar kinds of evidence are found in the mortgage market, where the Whites are left way behind than Blacks and Hispanics in relation to home-purchase.

Analysis of an Ethical dilemma part #3 Essay Example | Topics and Well Written Essays - 250 words

Analysis of an Ethical dilemma part #3 - Essay Example The role of nurses is to assist patients recover in line with the principle of beneficence. As such, assisting in euthanasia is in contrary to bioethics. In cases of a severe chronic disease, nurses should invoke personal values and professional ethics and propose palliative care rather than assisted euthanasia. Such moves show a pro-life policy that all nurses subscribe to. Severely ill patients have no capacity to make rational decisions regarding their health. Thus, the nurse should take the role of advisors to show the patients the most rational method of dealing with their situations. The interview shows that the society is also against assisted euthanasia due to the wider effects. Social problems arise as a result of a voluntary death of family members. The nurses are also members of the society and share the same views. In this regard, they should strengthen the societal reliance and trust on the healthcare system. This can be done by abstaining from assisted euthanasia. American Nursing Association. (2013). Position Statement: Euthanasia, Assisted Suicide and Aid in Dying. Retrieved from ANA website:

Review Of ARM, Intel and the microprocessor industry in 2014 Essay

Review Of ARM, Intel and the microprocessor industry in 2014 - Essay Example tegies and sustainability operations with every influential factor of its external business environment, it lacks competitive advantage in attracting business customers from almost every dimension of the industry due to the exclusion of smaller corporate partners from the technology industry. Taking the advantage of this lacuna possessed by Intel, its rivals like AMD can be witnessed to grow powerful, obstructing the monopolistic power gained by Intel over the past decades. Intel (officially acknowledged as Intel Corporation), a globally renowned American semiconductor-chip manufacturing multinational, has witnessed significant rise in its demand around the various electronics companies, who are noted as its major strategic partners in the industry cluster (Haberberg & Rieple, 2008). However, with every opportunity, there come certain challenges, which are also apparent in the case of Intel, as on one hand, the company enjoys substantial lucrative growth opportunities and on the other, it is obstructed by rising competitive forces inhibiting its dominion on the industry cluster (Haberberg, 2014). It is in this context that scepticism develops surrounding the chances of an end to Intel’s long sustaining dominance on the market. Hence, examining Intel’s business environment and its current strategic positioning becomes crucial. Correspondingly, this report will aim at presenting a brief but insightful assessment of the business environment and strategies applied by Intel currently along with a critical strategic appraisal to conclude on the actual industry stance of the company and offer noteworthy strategic recommendations correspondingly. Buyer Power: As orders are accepted only in bulks by the companies in this industry, the bargaining power of buyers increases, facilitated with the characteristics of business-to-business dealings (Klepper, 2010). Again, availability of heterogeneous products also tends to limit buyers’ power in this industry, offering

Social Networks Essay Example for Free

Social Networks Essay Should businesses be able to use Facebook and Twitter searches to determine whether a person is eligible for employment? There are a lot of mixed feelings about this topic, but a lot more companies are doing performing searches on potential candidates for employment eligibility. I think that employers should use social media in conjunction with hiring an individual. Many jobs today are related to the service industry and I feel that some people just do not qualify for jobs in this industry. More employers today are using Facebook and Twitter searches for determination on if a person is eligible for employment, and for retention of a current employee. In 2010 nearly 22% of employers were checking Facebook profiles when hiring a person to see if they were drinking too much, doing drugs or talking bad about a former employer (Oleniczak, Pike, 2010, P13). So some people argue that it is violating privacy, which has made this questionable (Oleniczak, Pike, 2010, P14). Well the Federal Government enacted some laws that could be interpreted as a questionable action (Oleniczak, Pike, 2010, P14). One of these states â€Å"Personal information shall not be collected by a collector for the inclusion in a record or in a generally available publication unless: (a) The information is collected for a purpose the is a lawful purpose directly related to a function or activity of the collector and, (b) The collection of the information is necessary for or directly related to that purpose (Oleniczak, Pike, 2010, P14). Well under the first principle an employee could argue that Facebook is personal and considered what they do outside of work, and under reference b, a potential employee could argue that their privacy was invaded and they candidate was not informed that their Facebook profile would be investigated (Oleniczak, Pike, 2010, P14). There have been many lawsuits brought against employers that use Facebook as part of their hiring process, which is starting to be a turn off to employers, because this could hurt them financially (Olencizak, Pike, 2010, P14). Although the laws do protect us, but employers can still use some of the information in their decision (Elzwig, Peeples, 2009, P9). Employers are basically using the information to apply it towards â€Å"good business† (Elzwig, Peeples, 2009, P9). Although employers must take certain steps first before applying their search towards the candidate, which are: * Check social networking sites before making employment decisions in order to gain important information * Verify the accuracy of the information * Recognize the actual purpose of the site Consider the age of the employee or potential employee Develop clear policies in regards to the using social networking * Post what the potential use of the information that is gathered on job postings and the application * Have employees and candidates sign a consent form prior to accessing the information * Check state laws and statutes for privacy (Elzwig, Peeples, 2009, P9) There are a lot of mixed feelings on whether an employer sho uld use social networks as a hiring tool. Two professionals weighed in on an interview in 2008 about this topic, Greg Fish and Timothy Lee. Greg fish stated: â€Å"Social Networking profiles are not resumes and companies should not use them when determining if an applicant should be hired† (Castone. 2008). He further stated, â€Å"When companies use these profiles to find not only a professional but also an ideological match for a job, they’re misleading themselves and building ill will with talented prospective employees, who might decline to apply for a job for fear of a comment about China on their blog makes their persona non-grata† (Castone. 2008). Timothy Lee argues that there are plenty of reasons why employers need to look at social networks (Castone. 2008). He states, â€Å"Employees in sales public relations and customer service function as representatives for the companies they work for, so employers have a legitimate interest in ensuring potential workers won’t embarrass the company† (Castone. 2008). â€Å"People shouldn’t fear that an employer will get a hold of their profile, but instead expect it and use it to their advantage,† Lee states (Castone. 008). What I feel the Timothy Lee is trying to get at by using our social network profiles to our advantage is basically use it to market yourself in the public view so that you can land that good job, just make sure you keep it clean and neat. I agree with Timothy Lee in his statement that we should not fear that an employer will get a hold of our profiles. Furthermore, I think we should expect it, and accept that an employer is looking at our p rofiles. We should use proper etiquette when setting up our profiles and not post anything negative about previous employers, or even post provocative photos. The one thing that I hate the most about going into Wal-Mart, is when I get a rude associate helping me or cashing me out. Wal-Mart does not screen their employees before hiring, I know because I used to work for the company. In conclusion, as time goes on more companies are going to be weighing in on using social networks such as Twitter, Facebook, and MySpace as a tool for their hiring process. Although companies should make that as a notable item to potential candidates in the interview giving them a heads up into the fact their company does run a background check and includes a search on social networks. More companies are going to weigh in on this concept and we should just accept the fact that an employer is going to use our profile as a reference. Especially in the service industry such as customer service, collections, sales, or anything that has to do with you being the front or face of the company, should mainly be focusing on this issue.

Exchange Rate Risk and Impact on Foreign Trade

Exchange Rate Risk and Impact on Foreign Trade This paper uses real world application of exchange rate fluctuations, its causes and impact on the economy, risks associated with it and their management, in terms of Chinese economy to show the importance on these financial concepts and their requirement of understanding one to understand the other, all in wake of gaining he knowledge that will help in making transactions decisions that affect the economy on a global scale. Going for a bigger leap by learning to take smaller steps. Introduction The incontrovertible evidence of understanding the importance of the exchange rate fluctuation mechanism and the types and magnitude of risk, attached to the international trading affecting those who are involved in transaction across border globally deems necessary the acquisition of knowledge by those who are involved in day to day market transactions. The global economy is reliant upon the study of economic and other socio-political variable affecting the exchange rate in the international market influence the terms of trade of the trading countries and consequently inducing changes in the budget restructuring and trading quantities that are contributed to the international market by individual countries. Thus the realization of the need for this paper came upon as a research topic. This report takes into account several articles and write ups related to foreign exchange rates, their risks, exposure, and tries to plug them in with the conventional concepts of these financial instruments in order to enhance the understanding and the knowledge of exchange rate mechanism, its determinants and how it impacts any countrys economy specifically that of china. The literature support backs up the implication of the concepts applied here for the better grasp if the points that are attempting to be made noticeable. The main theme of the paper revolves around the arena of foreign exchange rates; How they impact the economy, what causes them to fluctuate, the impact of these fluctuations; How they affect the country with a changing value of currency in relative terms, a mention of the recent effects that the economies of the countries have gone into having had been affected in terms of it economy and foreign trade sector, the risk exposure associated with the fluctuating exchange rates and how does hedging help in reducing that risk. Even though the main theme would give an impression of a broad topic discussion, however we will remain confined to narrowed discussion limited within our topics only touching the subject in light of its practical application extracted from evidence presented in news articles and periodicals. This stance has been adopted, induced by the goal achieving grasp on the concepts and not on mere conventional definitions to these applicable financial-economic concepts. The paper also sees through and explains the methods of conduction of research in terms of our sources of data and our approach. Graphs and charts relevant to the topic have been provided to further clear the ideas built upon the physical evidence by analysis of these statistical data sets. Eventually reaching to base where we design a cohesive note on the findings of all the efforts put into this research and thus helping us to reach to a conclusion based upon all the facts and evidence provided in the literature review and by the statistical data charts and graphs. Literature Review This section imparts knowledge using empirical evidence that is published in newspaper journals and articles and is related to our topic of interest, to augment the understanding of the financial concepts and phenomena that take place in the economy. Following are some critical reviews of articles pertaining to topic: Exchange rate risk, determinants and its impact on foreign trade. Exchange Rate Fluctuations and its Causes. The issue of the undervalued currency of China (Renminbi).and not just undervalued the word substantial puts the emphasize on the meaning shedding curious gazes as to what might be the reason behind this, has been presented by the corporate author (Business Asia, 2007).However, the year 2007 and the year following that were expected to bring appreciation according to the author. The low valued currency helped in the exports volume increment but at the same time incurred costs in other sectors. The so expected appreciation would bring prosperity to the economy, indicating an economic growth or a path led to success. On the other hand, the appreciated currency would, by all means, even if little, impact the exporting sector negatively making the goods sold to foreign countries less cheaper and making the existence of Chinese goods in the competitive market all the more tougher (Business Asia, 2007). El-Erian, ONeill, Bergsten, Mohamed (2007), further takes the discussion forward with appreciating Chinese currency and at the same time the threat of protectionist trade measures and the falling dollar. He sheds light upon the problem of falling dollar and how it would be a problem being a constraint upon the Federal Reserve Bank to take measure against the economic down turns led by the crisis in the real estate. On the other hand, the Chinese Yuan has been allowed to appreciate modestly in the past two year from the time the article was written keeping an eye for the threat of protectionist measures (Business Asia, 2007). Already the appreciation had caused much apprehension for the Chinese; dollar falling further would be putting too much on their plate. The Depreciation of Dollar would imply further appreciation in Chinese currency which would threat the exports sector much. Nevertheless the depreciation of dollar by and large is a development for the world economy despite some negative consequences it may have on trade. And the circumstances are much more predictive for the weak dollar than the reality assumes, and it sure is likely to remain that way (El-Erian, ONeill, Bergsten, Mohamed, 2007). The important issues discussed by the corporate author diverts our attention towards the sterilization efforts, issuance of liabilities and Sino-US relation that are the main factors affecting the pace of the appreciation expected (Business Asia, 2007). The so long undervalued Chinese currencys expectation to rise was induced by the central banks intention of sterilization for the manipulation of exchange rate, however all depended upon the success of this effort. The central bank can control the exchange rate by buying or selling the currency and hence stimulation and increase or a decrease respectively in the relative supply of the currency in circulation. Furthermore in sterilizing it insulates itself from the foreign exchange operations in order to prevent potentially adverse impacts of capital inflow or outflow. Thus in order to appreciate the Chinese Renminbi against US dollar the central bank of china would buy the domestic currency and create a shortage of supply, therefore i ncreasing its value and it would sell the American dollar for the reverse effect. Hence, the Chinese currency would appreciate. (Business Asia, 2007) El-Erian (El-Erian, ONeill, Bergsten, Mohamed, 2007), taking a step further, reasoned the apprehensive condition of the Chinese, to see the falling dollar after all their efforts to keep the appreciation of their own currency modest. The threat of declining exports leading to broadening of trade balance was imminent. And to top it off the depreciating dollar only sought to be a cause for an augmentation of risk in the painstakingly controlled economy (El-Erian, ONeill, Bergsten, Mohamed, 2007). The article but also points out that despite the negative consequences of the weakening dollar on trade given the predictable circumstances of a likely depreciation, it also implies a development of world economy against US. Because depreciation of dollar would in effect mean appreciation of the currencies that it must be held against which includes all the other countries of the world. Thus from the perspective of other countries an appreciation would be taking place implying a growth affec t in their respective economies and indicating a surge of development in those countries (El-Erian, ONeill, Bergsten, Mohamed, 2007). The Negative and the Positive Impacts Corporate author contributed in the same line of argument, though his inclination was towards the impacts then cause. His argument is in resonance to the arguments of El-Erian critically analyzed above. The author specifically talks about the strong appreciation of most Asian currencies against USD while there being still others, which were weaker than they were before the global financial crisis (Business Asia, 2009). The appreciation of other currencies has put the undervalued currency under pressure to appreciate further. China in this respect has continued to keep its currency undervalued. A rapid appreciation would imply a slower accumulation of foreign reserves. This brings two aspects under concern. First is the rising threat of protectionism from European countries and the US and the other is the giving full control of monetary policy back to Government (Business Asia, 2009). The corporate author of Business Asia (Business Asia, 2009) also forces us to contemplate upon the issue, which is the rapid appreciation of currencies in Asia, especially in China, who has been keeping a modest appreciation rate in light of the threat of protectionism from EU and US. The weaker currency if allowed to appreciate rapidly would instigate protectionism from EU and US on now not so cheap goods owing to the devaluation of USD itself as well as the appreciation Asian currencies. However this would also imply developmental growth in other countries (referring to China) relative to the US (Business Asia, 2007). Furthermore another incentive for letting the currency appreciate for China and other Asian countries would be that letting the exchange rate fluctuate on its own terms, the Government will finally be free to use the monetary instruments to manipulate and reshape their monetary policy which otherwise had been committed to keeping the exchange rate fluctuations in chec k (Business Asia, 2009). From the discussions regarding the exchange rate by different authors so far, it has been an enlightening experience to contemplate upon the issues faced in the real world by the real economies regarding the Foreign exchange rate fluctuations, how they are affected differently by the conditions of the economy in different countries, and the what reactions it induce in the effected economies. The Exchange rate fluctuation is now better understood in terms of two countries respected currency values. We can see a number of different impacting factors changing the rate which include the loosening of monetary policy in to let the Chinese currency appreciate against all currencies and on the other hand the devaluation of dollar appreciated the Chinese currency even further. Resultantly changing the relative development indicators of the countries effected (Business Asia, 2007). Furthermore, the effects on the foreign exchange rate we also saw the application of the effects that the fluctuations of FOREX have on the economies, which is an exposure to the risk of losing trade as mentioned in our literature review (Business Asia, 2009). The rapidly increasing currency value also come forth rapidly rising prices of exports goods which would induce a fall in demand or worse, protectionist policies, in the importing countries for the exported goods of the country experiencing currency appreciation (Business Asia, 2007). Besides the risk of protectionism and other changing exchange rates negative impacts the positive impacts include in the likely situation of appreciation as mentioned above, loosening of control on exchange rates frees the monetary policy to concentrate on the other sectors of the economy. Also the appreciating value of the currency creates major attraction for short-term and high-return investment seekers (Huang, 2010). This can be explained bett er by Ying Huangs argument on the main reason of speculative fund inflow to China. Huang (2010) attempts to decipher the main reason for the inflow of funds into Chinese economy. The massive overseas funds inflow, according to the author, is primarily due to the appreciation in the Chinese Currency which makes it attractive to investors. These funds aim to earn a higher comparative return on short term basis due to high interest rates offered in China as Opposed to that of the United States. And, although, the housing and the stock market appear to be the main attraction of investments since funds may appear to target investment in these markets, however, the attractive appreciating Chinese currency is the major reason of the speculative inflow of funds and not these markets (Huang, 2010). An appreciating value of Chinese currency shows promising future to the investors who seek high returns in a very short period. The reason being that, in spite of the high interest rates offered to the investors the appreciating value of currency increases the return by an even larger total than just with the high returns. The high returns and increasing value by the virtue of increasing Foreign exchange rate is major attraction for investors. The article pointed out the fact that even though the housing and stock market appear to be the investment targets reeling in the major influx of funds from overseas, however the main star of the speculative flow is the attractive currency of Chinese owing to its appreciating nature. The housing and stock market do not cause this major influx, however they do become the target investments eventually directly or indirectly (Huang, 2010). This pretty much elaborates our discussion on foreign exchange rate; however, we still need further evidence upon the risk exposures that have been mentioned as an effect to these fluctuations in terms of their impact on economy or investors and why or why not investors decide to take precautionary measures in taking shelters from this kind of risk exposure Risk Exposure- Avoid it or Avoid Avoiding it? A decent explanation can be induced by analyzing the perspective of Georgina Lee (Lee, 2009). Lee talks about the increased scrutiny that Chinese state owned businesses have to face now. The derivatives market used to hedge the investments against interest, currency and commodity risk are put under surveillance in order to put constraints on this phenomena and discourage these market transactions that would eventually lead to too much hedging that all the risk averse investors would start using these financial instrument to secure their investments. The State-owned Asset Supervision and Administration Commission was spurred into action after several State-owned Enterprises, their subsidiaries and affiliates suffered high losses due to failed foreign exchange, fuel and interest rate hedging contracts (Lee, 2009). Although, according to Georgina Lee, the use of derivate securities as financial instruments to hedge the investments against certain kind of risks may be a very attractive phenomenon of wisely securing your assets against risk, but it brings forth the new kind of risk associated with it, that is the probability of losing profits in case unexpected adverse circumstances would come into play (Lee, 2009). The article discusses the new limitations and regulations put to scrutinize the state-owned businesses and restrain them from using derivative securities. After observing several high profile losses incurred to state-owned enterprises, the SASAC came into action to prevent further losses due to failed foreign exchange, interest and fuel hedging contracts (Lee, 2009). Lees discussion merely elaborates why Chinese Supervision Commission had to keep in check the derivative markets in order to prevent another experience like past of failed securities. However, it is more of a choice in other countries than of a legislative measure, which is made after analyzing the costs incurred in using the financial hedging instruments (Larry Kirschner, 2009). Larry Kirschner elaborates upon the Foreign Exchange Rate risk exposure and how and why different companies manipulate the financial derivatives as instrument to manage their risk. Also they write that a few companies would rather not address the foreign exchange risk exposure at all. According to the authors, it requires a great deal of understanding, assessment and prioritization of the exposures before they can apply these any hedging instrument to gain from such investments (Larry Kirschner, 2009).They observe that where many companies have become complacent with their foreign exchange risk management practices, there exist other companies that would rather condone addressing to such exposures. There are many things to consider and much effort required before utilizing any instrument to manage against such risk exposures (Larry Kirschner, 2009). The implication by the authors enlightens us about the importance of better understanding of the foreign exchange rate fluctuations and risk exposure before they can be manipulated into profit extraction or general hedging against an expected risk of adverse circumstances. The reason for some companies being comfortable with their hedging or risk management practices stands that they understand the further risks attached to it and after having properly assessed, analyzed and derived from the given risks and they have weighed their expectations of gains with current condoning alternative and have reached to a conclusion to generate expectations of comparatively more gains through hedging (Larry Kirschner, 2009). These preliminary requirements are basic necessity and incur some cost as well which discourages other companies from using financial instrument to their own advantage. Thus it can be derived that although risk exposure management may be beneficial for companies to hedge again st exchange rate risk, however, it requires careful analysis of international exposures with due consideration given to internal control by the companies (Larry Kirschner, 2009). The analysis above provides quite an insight on the choices faced by the investors and the reason why they chose to or chose not to use financial derivatives to hedge against the foreign risk. At the end it all depends of your weighted analysis of cost and benefits and risk involved that contribute in the final decision making process (Larry Kirschner, 2009). Despite all these discussions we know from intuition that we as humans would prefer lesser risk. Putting this natural instinct upon financial intuition it should be an understood fact that investors would go for a stable investment of low risk provided he choice is a decision made after thorough analytical efforts. However in light of all the above analysis and our major intuition we should see that due to the depreciating dollar value, many countries investors should have switched to a more stable currency as a reserve currency but we observe that dollar still remains to be the reserve currency all over uncontested with the exc eption of the challenging statement delivered by Governor of Peoples bank of China (Montecillo, 2009). Montecillo (2009) reflects the view of the Governor of Peoples Bank of China, Zhou Xiao Chan, that current global financial system faces vulnerability and systematic risks. He also emphasized that reform must create an international reserve currency with stable value, rule based issuance and manageable supply. The article further illustrates on the point made that they are serving as a à ¢Ã¢â€š ¬Ã…“unit of accountà ¢Ã¢â€š ¬? and as a à ¢Ã¢â€š ¬Ã…“medium of exchangeà ¢Ã¢â€š ¬?. Moreover its à ¢Ã¢â€š ¬Ã…“store of valueà ¢Ã¢â€š ¬? is also considered from the perspective of both the government and the private sectors. Following the perspective Governor of peoples Bank of China actually challenged the statement of BSP(the Bangko Sentralng Pilipinas ) that despite declining value of dollar (from 72.7% in end- June2001 to 62.8% as of end- June 2009: the article quotes) dollar will remain the world most widely used currency-Uncontested reserve currency- as no alternative existed as then (Montecillo, 2009). Another type of risk associated with the foreign exchange rate fluctuation has been thoroughly highlighted in this article enlightened by the challenging statement of Governor of Peoples Bank of China. With the declining value of dollar with respect to other currencies, in effect appreciating them against the USD, the risk associated with them puts the investors in reserve currency at exposure (Montecillo, 2009). The stable foreign reserve currency is the requirement for foreign transactions and for investment purposes. However, a fluctuating reserve currency would create imbalance of gains and losses and putting the market players at a high risk of losing money who have invested in a currency with declining value, for example, and need to pay in other currency that would have appreciated against the reserve currency in effect. Thus the declining value of Dollar though may not have challenged its world-wide demand as a reserve currency, but China has contested that perspective in ter m of demanding a relatively stable alternative and seek shelter from the exposure this foreign exchange rate fluctuation risk (Montecillo, 2009). Data Analysis Figure 1: Foreign Direct Investment in China Untitled.png (The World Bank, 2010) The figure shows foreign direct investment in China which is increasing over the period at an increasing rate (The World Bank, 2010). The reason can be explained as an induction due to attraction of high interest rates and constantly increasing value of Chinese currency (Huang, 2010). The appreciating Chinese currency is a major attraction for short term foreign investors seeking high returns on their investments. Thus, the increase in the foreign direct investment can be justified by the increase in the Chinese currency against other currencies and also the deprecation of dollar against Asian currencies (Business Asia, 2009). Figure 2: Growth in Money Supply (percentage change) Untitled2.png (The World Bank, 2010) The increase in the money supply can be seen as an effort to prevent the adverse consequences expected to be brought up by the simultaneous increase in the value of Chinese Currency against US dollar and the Depreciation of US dollar against Asian currencies (Business Asia, 2009). it is only by selling out domestic currency and buying the foreign currency, that the central bank of china would be able to keep the demand for Chinese currency low and hence low value and keep the foreign reserves high to keep the foreign currency to depreciate against their own currency to avoid the risk of protectionism (Business Asia, 2007). The Foreign reserves record can be observed in figure 2. Figure 3: Chinas Foreign Reserves (includes Gold, Current US$) Untitled3.png (The World bank, 2010) The figure above shows the increase in the foreign reserve currency ( US dollars) which further supports our claim of China having had used protective measure to keep the appreciation of its currency modest by buying in foreign reserves and selling our domestic currency (The World Bank, 2010). Clearly these efforts have been put into play after 2004 since the foreign direct investment had a peaking high rate of increment till that year as can be observed in the Figure 1 (The World Bank, 2010). And since the value of currency has been attempted to put under control, the threat of protectionist policies against Chinese exports receded as he prices of exports against started to fall as can be observed in the figure 3 (The World bank, 2010). Figure 4: USD-CNY Untitled.png (Yahoo, 2010) We see the appreciating Chinese currency against USD but till 2005 mid a very stable exchange rate points towards the mentioned efforts on behalf of Chinese government by manipulating the money supply to keep the Foreign exchange rate from appreciating (The World Bank, 2010). However, during the period of constant exchange rate or say merely constant keeping a moderate change allowed, the currency did come under pressure (Business Asia, 2009) for its own increasing value to be taken care of while also managing the impact of depreciation of dollar on the Chinese currency and eventually its exports (Business Asia, 2007). After 2006 the monetary policy seems to have been allowed to let lose the exchange rate to be able to concentrate on the other sectors as well (Business Asia, 2007). Methodology The way to go about the research conducted for this term paper is known as the methodology. The method pursued in gathering the required material and data for the paper comprises mostly follows a general type in terms of the form and efforts put in to acquire it. There are majorly three type data sources used for research reports or gathering relevant data on the topic of interest (Lombard, 2010).But our concern is with the Secondary Research or Data Collection method. This includes data and observational facts as already recorded by previous researchers. The provided datasets have already been analyzed and shaped before by previous writers and authors with copyrights protecting their work. The material from the secondary source is further manipulated and used to assist in making points of information with proper referencing and credits paid to the original workers. As readily available data sets they are a persons prior choice to any other method. Some negative aspects, however, are associated with the Secondary data sets as well. Despite the time saving and cost saving features of Secondary data sets, there is no guarantee of them meeting the exact requirements of the researcher seeking evidence to support his theories or claims. Furthermore the validity and reliability of the researched data sets may be in question and source can project dubious impressions unless the researches are conducted by reliable sources as government agencies (Lombard, 2010) Purpose of Research The purpose of research is to help make the understanding of concepts of foreign exchange rate fluctuations. and its causes and effects and the hedging and investment against these fluctuations easy in light of evidence from Chinese currency revaluation against US Dollars, the investment it induced, and the negative and the positive aspects of the Chinese currency revaluation. Research Approach and Strategy Given the purpose of the research and the types of the research explained it comes down to putting it down to defining our Strategy and deciding which approach to adopt (Lombard, 2010). Bearing in mind the scale and the scope of our topic and the limited resources, the best and most efficient approach for us to have, which we adopted, is to gather data from secondary research source upon the evidence of Chinese economy to explain the different aspects of the foreign exchange rate role in the economy. All our research material refers to a secondary data source, which consists of point of views of different authors publishing their research or findings in articles appearing in periodicals. Our strategy remains to manipulate this secondary source material and mold them to help up support our own claims and concepts without changing the main framework and the meaning of ideas associated with the empirical evidence. This approach not only proved the strategy to be cost effective but also very efficient in term of time saving and with proper citation the sources can tracked back to authenticate their reliability and validity. Data Collection and Analysis Provided with the theoretical concepts from different authors point of views (referring to the Literature review), relevant data including charts/data sets recording foreign exchange rate fluctuations in Chinese currency against US Dollar and its induction of investment and other impacts are provided in the section covering statistical data for better analysis of our concepts in view of empirical evidence. Findings The course of writing this term paper has helped us find and clear quite a few things which need to be summarized in this section. The findings of this research includes the following important concepts Foreign Exchange Rate Fluctuations and Causes Chinas Foreign exchange rate had been increasing moderately owing to their controlled efforts. The efforts of controlling the exchange rate from fluctuating was in line due to risk of protectionist policies against Chinese exports from EU and US countries because of rapidly increasing value of currency relative to other currencies (Business Asia, 2007). Also there was pressure due to depreciating value of dollar against the Asian currencies which made matters worse and the need for control bigger. The foreign exchange rate was stabilized by diverting monetary policy into manipulating the money supply accordingly to set the foreign exchange rate at fixed level (El-Erian, ONeill, Bergsten, Mohamed, 2007). Besides the threat of protectionism there was also a positive impact of being included under the impression of having hit a developmental hike. Foreign Exchange Rate Risk and its Management The exchange rate fluctuations bring about its own pros and cons. In the case of china, the appreciating value of Chinese currency brought about major investment incentives and a major attraction for short term high return seeking investors (Huang, 2010). And with investment opportunities come forth the risk associated with these investments and its management (Lee, 2009) which in turn brings forth more risks of losing money by using investment derivatives without proper calculation of risk involved in the investment related to the exchange rate fluctuation and correctly predicting FOREX forecast. It is very important to first analyze the risks associated before deciding whether or not to hedge against it or if it is even worth hedging against (Lee, 2009). Anomalies Despite what we expect based upon our calculative procedure of forecasting and weighting and comparing alternatives, there is always a chance for an anomaly to exist within all kinds circumstances. With all our observation of increasing Chinese currency value and dollar being instable, we would have expected the world to shift to a more stable and risk free currency as their reserve currency. However, we see that with the exception of challenging statement from the governor of Peoples Bank of China, Dollar remains as the reserve currency of most of the countries uncontested (Montecillo, 2009). Conclusion We conclude our term paper with summarizing the findings during the course of our research and finally stating the end result to what our findings led us to extract as our conclusion. We found that Fluctuating exchange rates have impacts, both positive and negative on, on different sectors of the economy, especially trade and investment. We also found that investment brings along a lot of risks and it requires a very careful and analyzed decision whether to hedge against these risk or not and using which derivative. We learned that despite our careful calculations, not everything works out according to our predictions and there is always some chance of error in calculations or an unpredictable situation taking over. The reason for slow appreciation in Chinese Currency against other currency, especially US Dollar, in the first half of the current decade can be credited to the efforts put in to keep the exchange rate from appreciating, which projected a threat of protectionist policies from trading partners against the Chinese exports that were becoming less cheap (Business Asia, 2007). The, efforts however, involved binding the monetary policy to exchange rate fluctuations and keep it from being used for other sectors. On the other hand, if the Chinese had let the exchange rate fluctuate freely, it would free th