The Need for Affirmative Action - 1439 Words

Affirmative Action in the words of Louis Fairykhan (humor) Affirmative Action is Necessary for Minorities to be Competitive in the Workplace The audience that I intend to attract are those that are minorities and agree with the idea of affirmative action. The persona that I chose is that of Louis Farrakhan, the leader of The Nation of Islam. I imagine that this is a speech to thousands of African-Americans that agree with Mr. Farrakhan. I appeal to tha emotions of my intended audience because I feel it is a strong tool in writing a good paper. I am notan authority on affirmative action but I feel that I know enough about it to present a good case on the subject. Good day my beautiful brothers and sisters. Im sure you all know me by now†¦show more content†¦This whitey was exactly right. Her comments were delicious and to the point. I certainly must agree with this Caucasian woman. I too believe that there should be an environment where merit can prevail. And by there being a ffirmative action there is more of a chance that the aforementioned environment will occur. A delicious thought came into my mind while I was eating my Count Chocula cereal this morning. If anyone here loves the taste of some good Count Chocula raise your hand. Of course my lactose intolerant brothers and sisters may not understand this, but hopefully those of you who love to drink your delicious and nutrient rich milk will take your black sister or brother by the hand and help them through this following milk related hell. Now, while I was eating my luscious cereal this morning I stirred the milk quickly but carefully. As I stirred the milk, the evil white marshmallows and putrid white milk slowly began to turn to a shade of a nice chocolate brown. I slammed my spoon down and praised Mohammed for showing me the light. I discovered that because of the influence of blackness upon the white community, things will slowly take a turn towards our goal; a black and white swirl instead of a black speck in a white space. With the help of affirmative action, we someday will be the vanilla and chocolate swirl that many of us hope to be. Affirmative action will integrate the black community and the white community and will giveShow MoreRelatedAmerica Needs Affirmative Action Essay1384 Words   |  6 Pagesimposed legislation called affirmative action. According to At Issue: Affirmative Action, â€Å"Affirmative action is designed to promote access to opportunities in education, employment, housing, and government contracts among certain designated groups, such as women and minoritiesâ€Å" (At Issue). This law is necessary in today’s society in order to maintain equality and diminish discrimination against social groups throughout the United States. Inductive Reasoning Affirmative action has leveled the playingRead More We Need Affirmative Action Essay1035 Words   |  5 Pages PRO-AFFIRMATIVE ACTION nbsp;nbsp;nbsp;nbsp;nbsp;What is it? Well affirmative action is, in plain text, the consideration of your class, race, gender, color, ethnicity, national origin, and disability when deciding who gets a certain job or admission into a school. If you are amenity applying for a job and there are other people that are applying as well then you will be considered for the job over one of the other people, even if they have more experience. It is not only for jobs, it is alsoRead More Affirmative Action needs to be Changed not Ended Essay1321 Words   |  6 PagesAffirmative action: Should it be mended or ended? Affirmative action is an attempt to correct unequal distribution of benefits (status, income and wealth, power and authority), and burdens associated with ethnic and gender differences. Affirmative action has been promoted by the Federal government since the mid 1960s, when president Lyndon B. Johnson ordered federal contractors to adopt affirmative action plans. (Congress and the Nation, 748). This paper will focus on the relevance of affirmativeRead More American Society Needs Affirmative Action Essay1853 Words   |  8 PagesAmerican Society Needs Affirmative Action      Ã‚  Ã‚  Ã‚  Ã‚   Affirmative action has been the subject of increasing debate and tension in American society. However, the debate over affirmative action has become ensnared in rhetoric that pits equality of opportunity against the equality of results. The debate has been more emotional than intellectual, and has generated more tension than shed light on the issue. Participants in the debate have over examined the ethical and moral issues thatRead MoreEssay on We Still Need Affirmative Action512 Words   |  3 Pagesaim of equality of opportunity through nondiscrimination alone to affirmative action to establish ‘goals and timetables’ to achieve absolute equality between blacks and whites† (Dye 253). These goals and timetables were cemented with Executive Order No. 11246, issued by President Lyndon B. Johnson in 1965. This order is commonly referred to as the foundation for modern-day affirmative action programs. Today, affirmative action is a very controversial subject, with as many opponents as there areRead MoreWe Do NOT Need Affirmative Action Essay549 Words   |  3 Pages    Affirmative Action is steps that are taken to ensure that the opportunities are equal between minorities and others. There have been many heated debates over this issue, and maybe the worst is yet to come. Some might feel it is necessary because they feel opportunities are not equal for minorities. Many people believe that gaps need to be closed between minorities and others, but there is a difference in the method. I feel the current method is not constitutional, lawful, and not provenRead MoreAn Ethical Dilemma: Affirmative Action, Do We Still Need It?1706 Words   |  7 PagesDilemma: Affirmative Action, Do We Still Need It? An Ethical Dilemma: Affirmative Action, Do We Still Need It? Abstract This paper discusses the importance of affirmative action in today’s society and the ethical role it plays when Employers and Universities are considering entry to their respected places of establishment. The paper will conclude with what America will face in the future in terms of affirmative action. An Ethical Dilemma: Affirmative Action, Do We Still Need It? Read MoreEssay about Does Higher Education Need Affirmative Action?1934 Words   |  8 PagesDoes Higher Education Need Affirmative Action? Introduction Is affirmative action in higher education needed? This question provokes a myriad of emotions. Is affirmative action antiquated and unneeded in 21st century America? Or are the racial boundaries of this country’s ancestors still in effect? America’s Declaration of Independence states, â€Å"all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuitRead MoreThe Effective Impacts Of Diversity And Why Managers Need For Affirmative Action2272 Words   |  10 PagesIntroduction: 2 Discussion: 2 Present Situation: 2 Need of global implications: 2 Strategic Benefits of Divrse Workforce: 2 Age-diverse Workforce: 2 Gender-Diverse Workforce: 2 Ethnic and Races Based Diversity: 2 Intellectual Abilities: 2 Role of Human Resource Department: 2 Conclusion: 2 Recommendations: 2 Bibliography 2  Introduction: Social discrimination has been a vexing issue throughout the world. A huge part of the society is a victim of social discrimination. Conversely, reforms and effortsRead MoreThe Precedency: Supporting the Affrimative Action Essay1486 Words   |  6 PagesAffirmative action is a government policy that gives opportunities to minorities, women, and any group who has been the victim of discrimination in the past. Affirmative action is the outcome of the 1960’s Civil Rights movement, growing out of the Civil Rights Act of 1964 which outlawed discrimination based on race, ethnicity, or gender. It was the 1978 Supreme Court decision, The Regents of the University of California v. Bakke, which allowed for the use of race-based preferences as a means of

Global Warming Position Paper - 985 Words

Although some believe that Global Warming has been created due to manmade pollutants, I believe that Global Warming is a natural process that has been accelerated due to the excess emissions of pollutants from nature and manmade devices into the atmosphere. The world has been said to be on a cycle of global warming and cooling, this process can neither be stopped nor prevented, but it can be accelerated with the addition of non-natural emissions from automobiles and factories; because this is a natural process, even if constraints were to be put on the amount of pollutants released into the air global warming could not be prevented—it could only be slowed. When the inevitable happens and global warming occurs, there are many†¦show more content†¦Slowing the process of global warming would allow us, as a worldwide power, to take preventative measures that could cut back the amount of damage that global warming can cause—though it would be hard, if we could cut b ack on work hours of large factories and put together more public transportation for the working class then we could slow global warming within the next few years. This idea, if enacted, has the potential to harm the economy of many nations, because the working hours would be cut in factories that employ thousands of employees, but it also can allow for scientists and engineers to come up with a plan that could prevent/lower the amount of risk we have environmentally from being impacted by global warming and its effects. It has the potential to harm the economy of other nations, because shortening the amount of hours that their factories are allowed to run can raise production time and cost—this would lead to the increase in price of items, because it would take more money and time to produce these goods rather than if they were able to work for a longer amount of time and produce more goods in this time period. The reward outweighs the risk, though; this is because if global warming is not slowed down, then the sea level can rise sooner than we are ableShow MoreRelatedGlobal Warming Position Paper1388 Words   |  6 PagesContemporary Social Issues 9 December 2011 Global Warming: True or False? When one encounters the concept and idea of global warming, we inquire a wide range of opinions, facts, assumptions, and philosophies. As the general population of the world, the idea of our temperature of our earth may seem meaningless to some. Although, to others global warming is a growing epidemic that is defined as the possibility of our planet becoming too warm and becoming very dangerous for human existence. So whenRead MoreThe Debate On Global Warming1239 Words   |  5 Pagescontroversy concerning global warming. The controversy takes the form of public debate that centers on five issues (Mazo 30). The first issue is whether or not global warming is occurring. The second issue is whether global warming is real and extent it has occurred in the recent decades. The third question relates to the causes of global warming. The fourth question centers on the effects of global warming. The fifth question is whether any action needs to be taken to contain global warming. The author concursRead MoreGlobal Warming: Fact or Fiction1089 Words   |  5 PagesGlobal Warming: Fact or Fiction Lower Capstone – Unit 3 Independent Project Rozlynn Mundy American InterContinental University Online July 4, 2010 Title: Global Warming: Fact or Fiction Abstract Introduction I. Overview of Global Warming A. Signs of global warming a. Support b. Skepticism II. Effects of Global Warming A. Contributors to global a. Manmade b. Natural Summary Abstract The information found in this paper is designed to raiseRead MoreEnvironmental Risk Perception Paper1324 Words   |  6 Pages Environmental Risk Perception Paper Justin Yates Environmental Psychology June 17, 2014 Gerry Lloyd Environmental Risk Perception Paper As the earth continues to age, there are many harmful and lasting direct consequences that the earth and the human nature have endured. The earth as well as humans has to digest all the pollution, deforestation, changes in the environment, and the epic fails of humans trying to better the human life through technology and manyRead MorePros and Cons: Global Warming Essay917 Words   |  4 PagesAlleged Global Warming has been a hot topic and been widely reported in the American media since the 1970s. In March 2014, TED, a nonprofit committed to expanding ideas with short talks, gave a powerful presentation of the alleged current consequences of Global Warming in Gavin Schmidt’s (2014) talk: The emergent patterns of climate change. His claims are stark and he implores his audience to take the grave predictions of Global Warming seriously and not just write it off as insignificant. WhileRead MoreThe Global Warming And Climate Change924 Words   |  4 Pagesâ€Å"The Glo bal Warming and Climate Change† The Global Warming and Climate Change has been a subject of debate for over many years nows. A lot of people are undereducated or misinformed by what is going on. This position paper should clear some myths and hoaxs of Global warming and climate change. In a paper punlished by Nature they provide one possible examination: For the vast majority of Americans, the weather is simply becoming more pleasant. Over the past four decades the temperature in the winterRead MoreReview of The Great Global Warming Swindle1281 Words   |  6 Pages The Great Global Warming Swindle has been the most widely watched documentary critical of the scientific consensus that climate change is due to anthropogenic activities. Aired in 2007 in the United Kingdom, the documentary claimed to debunk the â€Å"myth† of manmade global climate change, exposing it as a vast conspiracy designed to gain funding for research and push an environmental agenda that is especially harmful to the developing wor ld. Directed by British producer Martin Durkin, the documentaryRead MoreIs It Global Warming Or Climate Change?1660 Words   |  7 PagesArnold English Composition 122 October 25, 2015 Is It Global Warming or Climate Change; or is it Power and Control? It is a fact that climate change is occurring and humans as the main contributing factor is at the heart of the Global Warming debate. Still, is the debate truly about protecting our planet from human-activity climate change, or is the natural cycle of the Earth being used as a ruse to â€Å"promote† climate change to determine global policy measures and defeat Capitalism? Whether humanRead MoreCritique Nigel Dowers Perspective Of Ethical Development And Globalization1722 Words   |  7 Pagesgrowth. So globalization is the engine of development.† For this paper, I will use Dower’s definition of globalization as it includes development, while simultaneously critiquing his lack of thoroughness. Although Dower mentions goods and services, he fails to include what those goods often include - natural resources. The depletion of natural resources, especially trees, is one contributor to climate change and global warming. In this paper, I will critique Nigel Dowerâ₠¬â„¢s perspective of ethical developmentRead MoreFight For The Last Slice930 Words   |  4 Pagesforest resources. The last slice of veggie pizza represents a serious environment situation in the world, which raise the consumers awareness of environment protection. The words in the bottom left corner below the red logo We make pizza not global warming and 100% recycled boxes try to show that Pizza Love is an eco-friendly restaurant, and is really focus on the environment situation. However, this is just a greenwashing of this pizza restaurant. Greenwashing is considered as the act of

Review The House of the Spirits Free Essays

In the novel, â€Å"The House of the Spirits†, the author, Isabel Allende uses the symbolism of the house on the corner and the viewpoints of Esteban and Clara’s notebooks to show the reader that in order to understand the history of the Trueba family, multiple viewpoints must be taken into consideration. Through the use of symbolism, the house on the corner is representative of the Trueba’s history and how the family’s history is told through dichotomy. The house has two structures that must be observed in order to understand the entire home, one being inspired by Esteban, and the other being inspired by Clara. We will write a custom essay sample on Review: The House of the Spirits or any similar topic only for you Order Now The structure that Esteban builds is the outside and the foundation of the house. Esteban builds a â€Å"cubic, dense, pompous house, which sits like a hat amidst its green and geometric surroundings†(92). This description represents how he tells his stories of history in the novel. Esteban doesn’t use magical realism, he has much less narration in comparison to Clara in the novel, and his writing is straightforward. The way Esteban is portrayed proves the exterior of the house to be representative of his narration as it is â€Å"cubic† and â€Å"dense†. In contrast, Clara’s narration from her notebooks is much different from Esteban’s simple narration like the structure of the house. Clara doesn’t talk solely about important events, â€Å"she also records trivialities† (1) and incidents that do not necessarily lead to anything. Clara’s peculiar and magical narration style is represented by the infrastructure of the house, â€Å"full of protuberances and incrustations, of twisted staircases that lead to empty spaces, of turrets, or small windows and could not be opened, doors hanging in midair, and crooked hallways† (92). The two narrations make up the entire Trueba history the same way the infrastructure and the outside make up the entire house. Each story is told in a different style to symbolize the structure of the house. Esteban’s part in the creation of the exterior of the house is clean and dense which parallels the way he tells history. In contrast Clara’s narration is more detailed, superfluous and includes the nuanced stories of the characters. Together, the exterior and interior make up the house, just as the two narrations make up the novel and the history of the Truebas. With only one narrator, Clara or Esteban speaking at a time, the story of the Trueba family becomes skewed and unreliable due to Esteban’s personal bias and Clara’s magical point of view. With both histories presented the reader understands a more accurate and complete story. Allende uses the dichotomy of the house on the corner as a symbol to show that there are multiple sides to history. We also see two sides of history through Clara’s notebooks and Esteban’s narration. With two narrations we get a comprehensive vision of history that can only be obtained by reading multiple perspectives. One way that Allende uses the narrations to show that understanding multiple viewpoints is necessary, is through the unreliability of the narrator. At the beginning of the novel we first experience magical realism when Clara’s Uncle Marcos leaves the country on a â€Å"bird† that he builds and â€Å"[a]gainst all logic, on the second try the bird lifts off without mishap and with a certain elegance, accompanied by the creaking of its skeleton and the roar of its motor. Flapping its wings and disappearing into the clouds†(13). We are unaware of what actually occurred in this event because we only see one perspective of what happened. Once both narrators’ are used in the novel, the reader is able to see more than one perspective of the events told and the reader is able to see the entire history, just like the exterior and the infrastructure of the house on the corner make up the entire house. Esteban’s narration is biased and unreliable, but through the use of Clara’s notebooks we see the other side to Esteban’s time at Tres Marias as the patron. When Esteban recalls his leadership at Tres Marias he says, â€Å"no ones going to convince me that I wasn’t a good patron†(51) and that he has â€Å"been a good patron; there’s no doubt about it†(54). Shortly after, we hear from Clara’s notebooks of how â€Å"[n]ot a girl passed from puberty to adulthood that [Esteban] did not subject to the woods, the riverbank, or the wrought-iron bed†(63). If the reader only heard Esteban’s narration, the reader would have only seen that he â€Å"rebuilt chicken coops and stables†, â€Å"rescued the oil fields†, and planned â€Å"an irrigation system so the crops wouldn’t have to depend on the weather†(53). During his narration the reader sees all the positive things that he did, but with Clara’s notebooks the reader also sees the negative aspects of his time at Tres Marias. Along with seeing different events that occurred with multiple narrations we also see the feelings of multiple characters. When Clara first arrives at Tres Marias â€Å"she feels that she has finally discovered her mission in life†(105). While the reader understands her motivation, Esteban is unaware that she has this drive to fulfill her mission in life. Esteban thinks she is just â€Å"charitable and generous† and wants to make â€Å"those around her happy-except [Esteban]†(178). Due to the telling of two narratives in the history of the Trueba family we are able to see the relationship dynamics from both sides, and as a result, understand the Trueba family history better. In conclusion, Isabel Allende wrote the novel in a certain way to show the reader a different view of how history could be learned. She used the symbol of the house to show that to see the history there are various perspectives to understand just as there are various structures that make up the entire house. Allende wrote the novel through the perspective of Clara, Esteban, and others, so the reader is able to get the most comprehensive telling of the Trueba family history, and can see multiple sides in order to obtain the best understanding. How to cite Review: The House of the Spirits, Papers

Analysis Business Strategies of Blackmores Limited †Free Samples

Question: Discuss about the Business Strategies of Blackmores Limited. Answer: Introduction An organisation needs a business strategy for a smooth running of business. The policies can be based on the competition market, customer analysis, financial growth strategy, internal environmental analysis and so on. Moreover, strategic planning, as well as a strategic analysis, is very significant to take a holistic view of the potential and performance of the company within the business environment and establish a basis for the creation of regular performance development in a constantly changing set of business circumstances. It is the responsibility of the senior managers of the company to make a business strategy. A corporate strategy consists of five Ps such as a plan, a pattern of behaviour, a ploy, a perspective and a position concerning others. The factors which affect the strategic choice of the company are the business environments which consists of Porter's five force model and PESTEL Analysis. The organisation considered here is Blackmores Limited. It is an Australian he alth product manufacturer. The particular Australian health product manufacturer company needs to follow the strategic analysis of the business to identify better the business environments which includes politics, technical issues, competitive issues, social and legal issues and economic issues. Internal Analysis: Value Chain Analysis The above figure represents a figure of a value chain analysis. Value chain analysis is a strategic business, and it will be useful for Blackmores Limited if they apply this model to their business. It is a process where a business firm identifies its primary and support activities. These activities add value to its final product and then analyses these activities for the reduction of cost and increase in differentiation. The model consists of primary activities such as inbound logistics, operations, service, marketing and sales as well as outbound logistics (Managerial economics and business strategy, 2017). Moreover, the support activities of this business model consist of human resource management, technology, film infrastructure and procurement. Value chain analysis is significant for creating the cost advantage and differentiation advantage of the competitive edge types. In value chain analysis, inbound logistics are concerned with receiving, distributing, storing the inputs int ernally. The operations are the transformation activities that change inputs into the outputs that are sold to the clients. Besides that, value chain analysis helps Blackmores Limited to recruit experienced and competence employee and thus helps in strengthening the human resource department. Quality of senior managers The determination of the senior managers quality also falls in the category of internal business analysis. The original quality of the senior manager is that they are competitive in nature. Secondly, the top executives of companies like Blackmores Limited are dedicated to the continuous improvement. Moreover, these managers do not settle for good enough for their performance of their teams (Managerial economics and business strategy, 2017). The senior managers engage themselves in holding them accountable for improving, learning and growing. Besides that, they appreciate this behaviour in their team members. On the other hand, the senior managers of the company are concerned with making decisions with a limited number of resources and information. Additionally, the senior executives expect solutions and hate grumbling. The managers will maintain open channels of communication, and they love hearing from all level of workers and employees. Apart from it, one of the primary and signifi cant qualities of senior managers is that they are the risk takers and they do not mind making mistakes. Aside from, the successful executives have no problem talking about their mistakes as well as the lessons learned from those mistakes. Evaluation of Resources and Capabilities of Blackmores Limited Capabilities imply the ability of companies like Blackmores Limited to attempt its resources. Besides, they contain calendars and strategies that arrangement with the company among resources to change commitments to yields (Harvey, 2005). For example, a marketing capability of the organisation can be established on the business firm among its financial resources, marketing aces, as well as information, is based and is an inhabitant in a particular limit. As needs are there are marketing capabilities, manufacturing capabilities, and management capabilities of human resource. Perhaps the most dominant thought is that of resources. Moreover, tangible resources are the physical resources of a relationship, for instance, finance, plant and people. On the other hand, intangible resources are non-physical resources, for example, reputation, information and learning. Usually, the resources of the company can be considered under the going with classes; Physical resources, for instance, the machines, structures or the creation furthest reaches of the enterprise. Economic resources, for instance, capital, cash, borrowers and credit managers, and suppliers of money. For example, shareholders, lenders and so on. Human resources: It joins the mix, for example, measurement profile, aptitudes and learning of specialists and different people in the framework of the company. An intellectual capital resource: It is a subtle resource joins licenses, brands, business structures and customer databases. An indication of the estimations of these is that when business firms are sold, some part of the regard is helpfulness (Strohhecker and Grler, 2012). In a learning based economy, insightful capital is most likely going to be an important asset of the various company. From the above figure, it can be concluded that Blackmores have improved a lot from their profit side. Here, four years have been provided 2013, 2014, 2015 and 2016. From the year 2015, it has been found that Blackmores was starting to increase their revenue per month. From the graph, Blackmores operates in various parts to Bellamys (Strohhecker and Grler, 2012). BKL or Blackmores is the largest supplement and vitamin company of Australia. Similar to the case with Bellamy's, the Asian operation is sensibly little, representing fourteen percent of working income. In any case, the development of the organisation is stable. BKL exchanges on thirty-seven times, which is still high, yet less requesting than Bellamy's, in any case, given the focused scene that BKL exchanges and animosity that we see from Swisse (and their group of wearing stars), the markdown to Bellamy's is by all accounts legitimised. In fact, Blackmores or BKL appears to be like Bellamy's (in spite of the fact that mont h to month outline has been utilised above instead of week after week). Blackmore has encountered a thirty-four percent adjustment after a great rally from mid-2014. External Analysis: Macro environmental analysis: PESTEL Analysis Social factors: In Australia, the customers are more concerned about their health and safety issues. Therefore, it is beneficial for Blackmores to distribute and supply their products when required. On the other hand, the second social factor is the ageing population of Australia, and so the greater prevalence of different health conditions needs vitamins. The third social factor is the viability of online shopping. Here, the customers attempt to get the cheapest product available (Johnson, Whittington and Scholes, 2011). Political factors: One of the primary political factors is the change to the liberal government. Traditionally, it stands for the lower taxes and deregulation for the business. It means that in the next three to four years, the issue will bring welcome changes in the political environment. Besides that, potential and improbability unknown change from the liberal government is the second factor. The potential changes may cause disapproving situations in the international market with high involvement of the government of Australia. Legal factors: The pharmaceutical industry has various authoritative and legislative controls. Moreover, there is also a creating society of indictment in different countries (Johnson, Whittington and Scholes, 2011). The upgradations of the internet are also amplifying as far as possible with patient's asking for more rights in their social protection programs. Technological factors: Technically, Blackmores Limited needs to upgrade and improve the technical department of the company. Today, online marketing has increased a lot, and consumers are inclined more towards online shopping. Blackmores should provide their customers with an online marketing experience. The decreasing and availability price of international shipping price is making online shopping or online marketing more worthwhile. Environmental factors: There is a creating environmental arrangement, and the key accomplices are right now twisting up discernibly more aware of the prerequisite for business firms to be more proactive in this field. Pharma business firms need to see how their trade and marketing plans interface in with the environmental issues. There is moreover an opportunity to unite it inside their Corporate Social Responsibility programs. Marketing and new product headway should recognise eco opportunities to progress as well. Economic factors: One of the primary economic factors is the depreciation of the Australian dollar. The reduction has made it cheaper for the customers coming from all over the world to buy the products. Therefore, the prices of products should be set in such a way so that Blackmores Limited can compensate the amount which is a grave concern to the country (Verbeke, 2013). A lower price can make the products of Blackmores more competitive, and the company can quickly accomplish competitive advantage. Micro Analysis Media: Blackmores can perform marketing by following social media marketing strategies. It is a very powerful tool for business of all sizes for reaching the customers and prospects. The activities of social media marketing consist of images updates and posting text. It also includes an update of videos and other marketing contents on the internet. Customers: Customers are the one of the primary source of revenue in business and Blackmores should make strategies to retain them. The winning of customer loyalty and customer satisfaction should be their primary objective. The product sales mainly depend on the customers (Verbeke, 2013). The communication between the customers and the company should be strengthened. Competitors: In business, the competitive environment includes basic things, and it should be remembered by each and every organisation. For the pharmaceutical industry, the competition is intense. Today, people are more conscious about their health, and there are lots of customers in this pharmaceutical industry. Blackmores needs to transform their name of the company to the name of a famous pharmaceutical brand. Employees: Employees are the persons who work in the business. In a pharmaceutical company, the employees are the workers working in the back offices as well as the workers working for manufacturing the pharmaceutical products (Botten, 2006). It is the responsibility of the organisation to retain skilled employees for increasing the performance of the manufacturing unit as well as the overall business. Suppliers: Providers of companies like Blackmores Limited are engaged in providing resources to the enterprise. The primary job of a business is that the managers should take the responsibility of finding a potential supplier who can offer the best mix of quality, credit, warranties, low cost and delivery reliability service. Shareholders: The shareholders are the owners of the company. Shareholders are also the members of an organisation, and they agree to become a part of the business firm by taking a minimum number of shares in it. The shareholders are concerned with the decision-making process of the business firm. They are not involved in daily works in business (Botten, 2006). Conclusion Blackmores Limited shows great practice in each of these regions. Besides that, the organisation has clear business points and goals that are time-related. Moreover, it concentrates on creating upper hand through its systems for clients, development and its kin. Blackmores Limited guarantees that the general population working for the business have satisfactory chances to develop. Additionally, it meets any holes in the capacity of the workforce to convey its methodology via preparing and building up its current individuals. It holds their aptitudes and offers appealing vocation chances to select new ability. References Botten, N. (2006).Business strategy. 1st ed. Oxford: CIMA/Elsevier. Harvey, A. (2005). Blackmores denies claim of prevention or treatment of AMD.Clinical and Experimental Optometry, 88(5), pp.352-353. Johnson, G., Whittington, R. and Scholes, K. (2011).Exploring corporate strategy. 1st ed. Harlow: Financial Times Prentice Hall. Managerial economics and business strategy. (2017). 1st ed. [Place of publication not identified]: Mcgraw-Hill. Strohhecker, J. and Grler, A. (2012). Implementing Sustainable Business Strategies.Systems Research and Behavioral Science, 29(6), pp.547-570. Verbeke, A. (2013).International Business Strategy. 1st ed. Cambridge: Cambridge University Press.

Q-Cash a New Era in Banking Essay Example

Q-Cash: a New Era in Banking Essay Q-CASH: A NEW ERA IN BANKING September 1, 2004 Mr. NEHAL MAHTAB Assistant Professor Department of Finance And Banking University of Dhaka Dear Sir, We are very glad to submit you the report on â€Å"Q-cash: A New Era In Banking†. We would like to say that this assignment was very helpful for us to know about the definition of Q-cash, working method of Q-cash card and ATM machine, parts of ATM, online and offline relationship and other important facts about Q- cash system. We have submitted our report to you for your kind review consideration. We made this report with our sincerity and serious effort. We will be honored to provide you any additional information if necessary. Sincerely yours, Abu Naser Sabbir Ahmed Faisal Ibne Shahajat Reaz Hassan Awwal Md. Shariful Alam B. B. A 10th Batch Department Of Finance and Banking University Of Dhaka. Table of contents 1. 0 Introduction: 1. 1 purposes1 1. 2 scopes1 1. 3 limitations1 1. 4 procedures of gathering data and sources1 1. 5 general plan of the report2 2. 0 Q-cash: A New Era In Banking 2. 1 Q-cash card3 2. 1. 1 what is q-cash card 3 . 1. 2 Key feature of card4 2. 1. 3 Facilities of Q-cash card4 2. 1. 4 Difference of q-cash card and other cards5 2. 2 ATM 2. 2. 1 what is ATM5 2. 2. 2 Invention of ATM5 2. 2. 3 Features and parts of ATM6 2. 2. 3. 1 Input device6 2. 2. 3. 2 Output of device6 3. 0 Q-cash: How the system works 3. 1 A brief overview of the Q-cash consortium (consortium, ATM network clients)8 3. 2 About ITC9 3. 3 Network system of q-cash9 3. 3. 1 offline10 3. 3. 2 online10 3. 3. 2. 1 Techniques of the online relationship followed by ITC11 3. 3. 2. Automated clearing house (ACH)11 3. 4 Security12 3. 5 Feature planning13 4. 0 Conclusion:14 Appendix Definition of terms 14 Bibliography15 1. 0 Introduction: 1. 1 Problem and purpose The objective of this study is to have some practical experience about computer application used in business sector. Though we had some textbook knowledge about how the computer application is used in banking sector, but never had any real life practice what so ever. So, to achieve the objective we had some research about the technology of Q-Cash ATM network and the facilities it brought into. We will write a custom essay sample on Q-Cash: a New Era in Banking specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Q-Cash: a New Era in Banking specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Q-Cash: a New Era in Banking specifically for you FOR ONLY $16.38 $13.9/page Hire Writer It will certainly help to improve our knowledge about how the computer technology is used in business. 1. 2 Scope The report will focus on the Q-Cash ATM network that is shared by the ten banks, the ATM machine, the Q-Cash card, how Q-Cash card and ATM machine work together, facilities of Q-Cash card, security system of Q-Cash card etc. the utilities of the system is mainly described under the current Bangladeshi prospective. It has less emphasize on the complicated architecture of the ATM machine. Its prospects and future planning in Bangladesh is also outlined in the report. . 3 Limitations While preparing the report, we faced some problem. The main problem was time constraint. Though our course teacher instructed us to prepare a report couple of months earlier, we could not start preparing because of summer vacation. After that we had the flood problem and some unwanted political problem. That is why we had real trouble in work together and collect data from sources. Another probl em was the data insufficiency. For that we had to use so many sources to get the proper information. 1. 4 Sources and methods of collecting information We have collected our data mostly from journals and Internet. But they were not enough. So, we have visited ITCL (it consultants limited) to observe their system by us and taken some interview of people related to the system. 1. 5 General plan of the report In the following pages, the discussion will give an over all view of Q-Cash ATM network in Bangladesh. Firstly, comes with the name of the ten banks that are using the Q-Cash ATM network, definition of Q-Cash, then the introduction of Q-Cash card, key features of it, facilities of using it and the related discussions about it are given. Then there are some discussions about the ATM machine; features and parts of it are given. Later, the discussions of the system such as how the Q-Cash card and ATM work together, the networking system, online offline relationship are included. It also includes the security features, future prospects of Q-Cash card. 2. 0 Q-cash: A New Era In Banking 2. 1 Q-cash card 2. 1. 1 what is Q-cash card Q-Cash card is a â€Å"Smart Card†, which is a combination of a plastic card having both microprocessor chip and a magnetic stripe. The smartness of this card will ensure that it is capable of working both â€Å"offline† and â€Å"online† thus making it a perfect case for using in Bangladesh where online connectivity cannot be guaranteed due to poor telecommunication. The Q-Cash card is more than just an ATM card. It can be used as a combination of debit and credit facility. More importantly, Q-Cash card contains a microchip that allows storing money as well as transactions and accounting information within transforming the way you do your banking. The Q-Cash card network offers all your banning requirements without ever setting foot in a bank. Its more than just an ATM service for quick withdrawals or account enquiries. With the unique Point of Sale (POS) terminals, situated in shops, restaurants and other service centres around the city, you can use your Q-Cash card to pay for goods and serves by debiting or by credit your account directly. Since your q-cash card can store account information microchip, ATM and POS services can be accessed without the need for online authorisation from your bank. The card can also act as a credit card (if approved by the bank) and can be affiliated with VISA, MASTERCARD etc. What is Smart Card Smart Card is one of the latest additions to the world of information technology. Similar in size to todays plastic payment card, the smart card has a microprocessor or memory chip embedded in it. The chip stores electronic data and programs that are protected by advanced security features. When coupled with a reader, the smart card has the processing power to serve many different applications. As an access-control device, smart cards make personal and business data available only to the appropriate users. Another application provides users with the ability to make a purchase or exchange value. Smart cards provide data portability, security and convenience. There are different types of security mechanisms used in smart cards. Those necessary for a memory-only card are less sophisticated than those for a microprocessor card. Access to the information contained in a smart card is controlled two ways: ? Who can access the information (everybody, the card holder or a specific third party). ? How can the information be accessed (read only, added to, modified or erased). 2. 1. 2 Key feature of the Q-cash Smart card ? It is an ICC (integrated circuit chip). It has a chip of 8 pins. This chip consists of operating system, processor, ROM and RAM . It also has a memory of 16kb. Meets EMV specifications and ISO 9001 Standards. Performs both online and offline transactions. Compatible with Subscriber Identification Module [SIM] like mobile phone. Compatible with Security Access Module (SAM) to help safeguard sensitive customer information and help support multiple smart card schemes. Supports memory/microprocessor smart cards and magnetic stripe cards in the same plastic. EMV Compatibility Over the past few years, there has been tremendous growth in the number of solutions developed for smart cards. To address this growth, three of the leading card associates- Euro Pay, MasterCard and Visa has collaborated to develop and publish EMV specifications for smart card based debit and credit applications. These standards provide numerous benefits for acquire and issuers, including improved security to reduce fraud and lower telecommunications costs. 2. 1. 3 Facilities of Q-cash card Q-Cash card has the facilitates of Credit and Debit transactions all in a single card and also gives the following accesses: ? Cash Deposit ? Debit Transaction ? Cash Withdrawal ? Credit Transaction ? Fund Transfer ? Account Information Customer Account Statement ? Smart Card Loading ? Balance Inquiry ? Online Offline ? Mini Statement ? 24 Hours Banking ? Chequebook Request ? Internet Banking ? Pin Change ? Any Time Anywhere Banking ? Utility Bill Payment 2. 1. 4 Difference of Q-cash card and credit card Q-cash card take funds directly from the money that is in the bank account of the cardholder. For this r eason we don’t have to pay any interest to the bank. With a Q-cash card, dont have to carry cash or checks, and it is very convenient to shop at a variety of places including gas stations, grocery stores, restaurants, and retail stores. They provide instant access to your money and are accepted worldwide. In a credit card, users actually borrow money that is made available to him by a bank or other financial institution. The institution pays the debt to the vendor, and in turn, cardholder has to pay the money back to the bank. By signing up for a credit card, you agree to pay back the money that you borrowed, in addition to any interest drawn on the amount you borrowed. 2. 2 ATM 2. 2. 1 what is an ATM An Automated Teller Machine (ATM) is a tool, which allows customers of a bank to perform banking transactions at any time from anywhere. By using a smart card in the machine customers of a bank can withdraw money from their current account (if permitted by the bank from savings account), transfer funds, pay utility bills even take credit from the bank. The most attractive site of this ATM is it gives a user 24 hours banking facility, which is totally hassle free and user friendly. 2. 2. 2 Invention of ATM As is often the case with inventions, many inventors contribute to the history of an invention. In the case of the ATM, Don Wetzel invented the first successful and modern ATM in the USA, however he as not first inventor to create an ATM. In 1939, Luther George Simjian started patenting an earlier and not-so-successful version of an ATM. Don Wetzel was the co-patentee and chief conceptualist of the automated teller machine At the time (1968) Wetzel was the Vice President of Product Planning of a company named Docutel. The other two inventors listed on the patent were Tom Barnes, the chief mechanical engineer and George Chastain, the electrical engineer. It took five million dollars to develop the ATM. The concept of the modern ATM first began in 1968, a working prototype came about in 1969 and Docutel was issued a patent in 1973. The first working ATM was installed in Rockville Center, New York Chemical Bank. The ATM they first created was a cash dispenser only. These were off-line machines; meaning money was not automatically withdrawn from an account. The bank accounts were not connected by a computer network to the ATM. Therefore, banks were at first very exclusive about who they gave ATM privileges to. Giving them only to credit card holders (credit cards were used before ATM cards) with good banking records. Wetzel, Barnes and Chastain developed the first real ATM cards, cards with a magnetic strip and a personal ID number to get cash. ATM cards had to be different from credit cards (then without magnetic strips) so account information could be included. The next version that was created in 1971, which is the ATM we all know today. 2. 2. 3 Features and parts of ATM An ATM contains many parts. ATM can differ from one to another because many companies are producing ATM this days and the technology they use differs. The ATM has mainly 2 input devices and 4 output devices. Descriptions of these two types of devices are as follows. 2. 2. 3. 1 Input device Card reader: The card reader captures the account information stored on the microprocessor chip and magnetic stripe on the ATM/debit or credit card. The host processor uses this information to route the transaction to the cardholder’s bank. Keypad: The keypad lets the cardholder tell the bank what kind of transaction is required (cash withdrawal, balance inquiry, etc. ) and for what amount. In some of the machines the screen can be also used to enter data instead of the keypad. This type of screens is called Touch Screen. Also, the ATM requires the cardholders personal identification number (PIN) for verification. For better security PIN block is sent to the host processor in encrypted form. 2. 2. 3. 2 Output device Display screen: The display screen prompts the cardholder through each step of the transaction process. Leased-line machines commonly use a monochrome or colour CRT (cathode ray tube) display. Dial-up machines commonly use a monochrome or colour LCD. [pic] Receipt printer: The receipt printer provides the cardholder with a paper receipt of the transaction. Cash dispenser: The heart of an ATM is the safe and cash-dispensing mechanism. The entire bottom portion of most small ATMs is a safe that contains the cash. The cash dispenser mechanism has an electric eye that counts each bill as it exits the dispenser. The bill count and all of the information pertaining to a particular transaction is recorded in a journal. Besides the electronic eye that counts each bill, the cash dispensing mechanism also has a sensor that evaluates the thickness and the size of each bill. If two bills are stuck together, then instead of being dispensed to the cardholder they are diverted to a reject bin. The same thing happens with a bill that is excessively worn or torn, or is folded. The number of reject bills is also recorded so that the machine owner can be aware of the quality of bills that are being loaded into the machine. Speaker: The speaker provides the cardholder with auditory feedback when a key is pressed. 3. 0 Q-cash: How the system works 3. 1 A brief overview of the Q-cash consortium To run the Shared ATM Network all over Bangladesh, all the member banks formed a consortium known as Q-Cash consortium. The Q-cash consortium has a total number of ten (10) leading Banks in Bangladesh. These banks together have build up an extensive ATM network in Dhaka, Chittagong Sylhet in first phase. In phase two other regions will be added in the shared ATM Network, 100 150 more ATMs will be installed all over Bangladesh very soon. Q-Cash is a common card for all member banks in the Consortium and ITC is providing all the technical and management supports. The names of the 10 banks are [pic] Currently 18 ATMs are installed in Dhaka and Chittagong. The locations of these ATMs are as follows. |ATM Service Locations | |Dhaka | |Uttara Branch, AB Bank Ltd. Uttara branch, The City Bank Ltd. | |Uttara Branch, IFIC Bank Ltd. |Gulshan Branch, AB Bank Ltd. | |Gulshan Branch, The City bank Ltd. |Mohakhali Branch, AB Bank Ltd. | |Dhanmondi Branch, AB Bank Ltd. |Mina Bazar, Dhanmondi | |Kakrail Branch, AB Bank Ltd. |Principal Branch, AB Bank Ltd. | |Principal Branch, Mercantile Bank |Janata Bhaban, Janata Bank | |Federation Branch, IFIC Bank |Shantinagar Branch, IFIC Bank | |Jiban Bima Bhaban, The City Bank Ltd. Dhanmondi, IFIC Bank | |Chittagong | |Agrabad Branch, AB Bank Ltd. |CDA Avenu e, AB Bank Ltd. | 3. 2 About ITC ITC or Information Technology Consultants Limited works as the server or as an Internet Service Provider (ISP) or the host in the shared ATM network. ITC is the company which brought the Q-cash system first in Bangladesh . It is a sister concern of Envoy Group. Originally it was introduced by a foreign organization named â€Å"Gemplus†. They are providing the smart card, ATMs and all the technical and management supports of the Q-cash consortium. . 3 Network system of q-cash All the locations of these ten banks and POS centres that have Q-cash are joined together by two kinds of networking relationship. These networking functions are performed for withdrawals of cash from the account, to get account information, pay the utility bills and transactions through POS. These two types of networking relationship are 1) Offline relationship and 2) Online relationship Offline relationship with Q-cash system is used for POS and the utility bill paying a nd the online relationship with the system is used for withdrawal of cash and other activities concerning the users account. . 3. 1 Offline relationship An offline relationship is the part of the networking system were the transactions are not connected to the server of the ATM host. This offline relationship can be found on the POS system. POS means Point Of Sales. In this system a Q-cash cardholder can buy products from the shops, which is connected with the host computer. Using their q-cash card the user will pay his bills by inserting his card in a small machine. The machine is capable of reading the memory chip in the card. As the account information of the user is already in the card the machine can authenticate the user and the amount of money the user has on his account. This entire process has no connection with the server or with the bank of the user. 3. 3. 2 online relationship Online relationship is the part of the network that is done completely by online with the help of the ATM host. The host processor may be owned by a bank or financial institution, or an independent service provider may own it. All the controlling branches of the banks have an online relationship with the host. Host connects the ATMs of different locations with the banks of the network. To maintain the connections between the ATMs Banks and POS the host uses different types of communication media. Most host processors can support either leased-line or dial-up machines. Leased-line machines connect directly to the host processor through a four-wire, point-to-point, dedicated telephone line. Dial-up ATMs connect to the host processor through a normal phone line using a modem and a toll-free number, or through an Internet service provider using a local access number dialled by modem. Leased-line ATMs are preferred for very high-volume locations because of their thru-put capability, and dial-up ATMs are preferred for retail merchant locations where cost is a greater factor than thru-put. DDN technology is a new one in modern online banking. It is a kind of digital connection, which performs better than the leased line connections. Usually these sorts of connections relate the host and the ATMs. The most effective feature of DDN is to transfer data at a higher speed than that of leased lines or the Dial-up lines. This is how ATM networks become available to the cardholder (the person wanting the cash). [pic] . 3. 2. 1 Techniques of the online relationship followed by ITC In online connection the members of the Q-cash consortium is connected with ITC (host) by simple dialup connection. They connect the host processor or the ITC through a normal phone line using a modem and a toll-free number. ITC is connected with the ATMs and POS terminals of different places all o ver the country by leased line, DDL, Satellite connection, Radio link, Dial-up connection. These various types of communication facilities are used because the telecommunication infrastructure of Bangladesh is very weak. So if one system is collapsed the other will work. But mainly the DDL is used for communicate with the ATMs (provided by Bangladesh Tar and Telephone Board), Dial-up connection is used for to communicate with POS terminals and the banks, satellite for overseas connection with banks and radio link for remote places. When a user of a bank inserts his ATM card in the ATM and enters his PIN the ATM directly connects with the host ITC for authentication. In the authentication process the host (ITC) checks the security pin and performs the other security checking’s. If the user of the card is authorised host connects the ATM with the users bank server. In the process, the server of the bank checks the account and adjusts the balance. This is called authorization. The server of the bank performs the action by using a system called core-banking software. If a server of bank does not have the core banking software, they inform ITC the numerical position of the account of all their Q-cash cardholders via dial-up connection. Thus ITC always gets the numerical information on the account position of the customers of the bank. In this case the host (ITC) does the work of both authentication and authorization. 3. 3. 2. 2 Automated clearing house (ACH) ACH is short for automated clearing house. This bank terminology means that a person or business is authorizing another person or business to draft on an account. When a cardholder wants to do an ATM transaction via POS, he or she provides the necessary information by means of the card reader and keypad. The card reader forwards this information to ITC via Dial-up connection. Which routes the transaction request to the cardholders bank that issued the card. If the cardholder is requesting to pay, the host (ITC) processor causes electronic funds transfer to take place from the customers bank account to the host processors account. The processor then ACHs the cardholders funds into the merchants bank account. In this way, the merchant is reimbursed for all funds dispensed by the ATM. An independent ATM host can access any bank. It also supports a large number of ATMs placed with different merchants. So when the user authorises to pay the cash, the money moves electronically from users account to the hosts account to the merchants account. [pic] [pic] [pic] 3. 4 Security Q-cash is fully secured. The main concept of the security process of Q-cash system is any cardholder can only carry out transaction on Q-cash ATMs with a Personal Identification Number (PIN) . If a person loses his card others cannot use it that because transactions cannot be done without the PIN. The Q-cash smart card is a PIN protected card with DES, 3DES function to ensure security. DES is an encryption algorithm used to protect sensitive data – in this case the PIN. The DES algorithm uses a 56-bit key length; 3DES specifies three rounds of encryption, effectively increasing the key length to 168 bits. Q-cash smart card is also EMV compatible. 3. 5 Future prospects of Q-cash Since it is made with hybrid technology, it can read or write any kind of data. So, in the near future it can be used as voter id, club, insurance, driving or even national identity card. More updated security system is getting included in the card, so the user will have more security. New features of banking are getting included in it and the users will get the latest banking feature by using it. 4. 0 Conclusion Q-Cash service is getting popular day by day in our country. More banks are getting themselves included in the network. All the cards will be converted into smart card till 2006 and we are getting it in right now. It has the potential to be utilized in a greater aspect. So, it has given a new dimension in the banking sector in Bangladesh. Appendix Definition of terms There are some unfamiliar terms that were not described in the discussion. So, the definitions of terms are given below alphabetically. ATM (Automated Teller Machine) – the machine that provides the users to deposit or to withdrawal money. ACH (Automated clearing house) a centralized and computerized system for setting indebtedness between members. BTTB(Bangladesh Tar and Telephone Board) It is a government service for nationwide telecommunication. Card reader – a device of ATM machine that gathers the account information stored on the magnetic stripe on the back of a Q-Cash card. CRT (cathode ray tube) – the most common type of monitor used in the office and home is CRT. CRT is similar in size and technology to television. Credit card – a car through which a person can buy things on credit. DDN (digital data network) – a digital data network provided by in order to connect to the ISP host. Dispenser – the path trough which cash is dispensed from ATM. ISP (internet service provider) – the organization that provides Internet service. Keypad – the input device by which the cardholder tells the ATM the nature, the amount of the transaction and the pin. LCD (liquid crystal display) – LCD monitor use the technology that involves liquid crystals. It is much thinner then CRTs. Modem The device that helps the user to connect his computer to some sorts of networking system. Offline relationship – all the branches of any of the ten banks that manually connect with their card issuing branch. Online relationship all the branches of any of the ten banks that connect with their card issuing branch by a host processor to work in online. Pin – the secret code to access into the account of a cardholder to perform account related functions. Receipt printer The device that provide a cardholder with a paper receipt of the transaction. Server – the part of Internet system that stores information files that are used to display pages of information. Speaker – the device provides the cardholder auditory feedback when a key is pressed. Sensor – a device of ATM that evaluates the thickness of each bill. Bibliography Interviews Md. Wajid Ahmed Project leader (Q-Cash EMV) IT Consultants Limited Md. Faizul Islam System Engineer Q-cash Processing System IT Consultants Limited Interview on September 4, 2004 Newspaper articles The Daily star â€Å"Local private it firm plans shared ATMs for Bangladesh† April 25, 2001 Prothom Alo â€Å"It consultant is providing different kind of ATMs for banks† April 25, 2001 Dainik Jugantor â€Å"24 hour Q-Cash card is getting started† July 14, 2002 Websites http://www. itclbd. com http://www. howstuffworks. com http://www. thecitybank. com http://www. pubalibangla. com http://www. mutualtrustbank. com http://www. mblbd. com http://www. janatabank-bd. com http://www. abbankonline. com http://www. ebl-bd. com http://www. ificbankbd. com http://www. nccbank-bd. com http://www. jamunabankbd. com

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Examples:- Table 1 Assume each unit of capital = Rs.5, Land = Rs.8 and Labour = Rs.2 Calculate TC and then AC for the two different ‘scales’ (‘sizes’) of production facility AC = TC / Q TABLE 2 Doubling the scale of production (a rise of 100%) has led to an increase in output of 200% therefore cost of production PER UNIT has fallen Don’t get confused between Total Cost and Average Cost Overall ‘costs’ will rise but unit costs can fall Classification of Economies of Scale: Marshall made a differentiating concepts of internal and external economies of scale. That is that when costs of input factors of production go down, it is a positive externality for all the firms in the market place, outside the control of any of the firms. Internal Economies of Scale Internal economies of scale relate to the lower unit costs a single firm can obtain by growing in size itself. This means that the internal economies are exclusively available to the expanding firm. Internal economies of scale may be classified under the following categories. Bulk- buying economies As businesses grow they need to order larger quantities of production inputs. For example, they will more raw materials. As the order value increases, a business obtains more bargaining power with suppliers. It may be able to obtain discounts and lower prices for the raw materials. Technical economies Businesses with large-scale production can use more advanced machinery (or use existing machinery more efficiently). This may include using mass production techniques, which are a more efficient form of production. A larger firm can also afford to invest more in research and development. Financial economies Many small businesses find it hard to obtain finance and when they do obtain it, the cost of the finance is often quite high. This is because small businesses are perceived as being riskier than larger businesses that have developed a good track record. Larger firms therefore find it easier to find potential lenders and to raise money at lower interest rates. Marketing economies Economies in marketing arise from the large –scale purchase of raw materials and other material inputs and large scale selling of the firm’s own product. Every part of marketing has a cost – particularly promotional methods such as advertising and running a sales force. Many of these marketing costs are fixed costs and so as a business gets larger, it is able to spread the cost of marketing over a wider range of products and sales – cutting the average marketing cost per unit. Managerial economies As a firm grows, there is greater potential for managers to specialise in particular tasks (e.g. marketing, human resource management, finance). Specialist managers are likely to be more efficient as they possess a high level of expertise, experience and qualifications compared to one person in a smaller firm trying to perform all of these roles. External economies of scale External economies of scale occur when a firm benefits from lower unit costs as a result of the whole industry growing in size. External economies accrue to the expanding firms from advantages arising outside the firm e.g. in the input markets. The main types are: Transport and communication As an industry establishes itself and grows in a particular region, it is likely that the government will provide better transport and communication links to improve accessibility to the region. This will lower transport costs for firms in the area as journey times are reduced and also attract more potential customers. For example, an area of Scotland known as Silicon Glen has attracted many high-tech firms and as a result improved air and road links have been built in the region. Training and education becomes more focused on the industry Universities and colleges will offer more courses suitable for a career in the industry which has become dominant in a region or nationally. For example, there are many more IT courses at being offered at colleges as the whole IT industry in the UK has developed recently. This means firms can benefit from having a larger pool of appropriately skilled workers to recruit from. Other industries grow to support this industry A network of suppliers or support industries may grow in size and/or locate close to the main industry. This means a firm has a greater chance of finding a high quality yet affordable supplier close to their site. The long run average cost curve (LRAC) The long run average cost curve (LRAC) is known as the ‘envelope curve’ and is usually drawn on the assumption of their being an infinite number of plant sizes – hence its smooth appearance in the next diagram below. The points of tangency between LRAC and SRAC curves do not occur at the minimum points of the SRAC curves except at the point where the minimum efficient scale (MES) is achieved. If LRAC is falling when output is increasing then the firm is experiencing economies of scale. For example a doubling of factor inputs might lead to a more than doubling of output. Economies of scope Economies of scope is a term that refers to the reduction of per-unit costs through the production of a wider variety of goods or services. Many firms produce more than one product. Sometimes, a firm’s products are closely linkes to one another. An automobile company, for instance, produces automobiles and trucks, a chicken farm produces poultry and eggs. At other times, firms produce physically unrelated products. In both caes, however, a firm is likely to enjoy production or cost advantages when it produces two or more products. These advantages could result from the joint use of inputs or production facilities, joint marketing programs, or possibly the cost savings of a common administration. Example of Economies of Scope McDonalds can produce both hamburgers and French fries at a lower average cost than what it would cost two separate firms to produce the same goods. This is because McDonalds hamburgers and French fries share the use of food storage, preparation facilities, and so forth during production. Difference between economies of scale and economies of scope Mergers and Acquisitions Mergers are basically combining of two business entities under common ownership. Two companies legally become one. All assets and liabilities being merged out of existence become assets and liabilities of surviving company. Under acquisitions one firm buys the assets or shares of another. Acquired company becomes subsidiary of purchasing company. Different Types of Mergers A horizontal merger This kind of merger exists between two companies who compete in the same industry segment. A vertical merger Vertical merger is a kind in which two or more companies in the same industry but in different fields combine together in business. Co-generic mergers Co-generic merger is a kind in which two or more companies in association are some way or the other related to the production processes, business markets, or basic required technologies. Conglomerate Mergers Conglomerate merger is a kind of venture in which two or more companies belonging to different industrial sectors combine their operations Different Types of acquisitions Friendly acquisition Both the companies approve of the acquisition under friendly terms. Reverse acquisition A private company takes over a public company. Back flip acquisition- A very rare case of acquisition in which, the purchasing company becomes a subsidiary of the purchased company. Hostile acquisition Here, as the name suggests, the entire process is done by force. Motives for Mergers Acquisitions Economies of large scale business large scale business organization enjoys both internal and external economies. Elimination of competition It eliminates severe, intense and wasteful expenditure by different competing organizations. Desire to enjoy monopoly power MA leads to monopolistic control in the market. Adoption of modern technology corporate organization requires large resources Lack of technical and managerial talent Industrialization, scarcity of entrepreneurial, managerial and technical talent Creation of Synergies The financial benefit that two companies may derive from a merger or acquisition is called synergy. The synergistic effect may also refer to the cost reduction a merger brings about by eliminating or streamlining redundant processes. Different types of Synergies enjoyed through MA Management Synergy Management synergy refers that the companies use its extensive and efficient management resources through new permutations and combinations after MA to improve the existing management and finally increase the revenue. Operating Synergy Operating synergy refers to the improvement of production and operation efficiency of enterprises which caused by economies of scale and economy of scope after MA. Financial Synergy Financial synergy refers to the financial benefits generated by MA transaction. It is a net cash flow on benefits which are caused by tax laws, accounting standards and other provisions of the securities and exchange. Production Synergy Two companies that merge may be able to produce more revenue than either one could produce independently by combining the most efficient processes each brings to the merger. Risks Analysis of the Realization of Synergistic Effect The risks of the realization of synergistic effect refers to the uncertainty of the increment of corporation value and the performance of strategic MA. Such risks always exist throughout the whole process of synergistic effect realization. From the view of the root causes of the risks, such risks can be divided into internal risks and external risks Internal Risks Internal risks mainly refer to the synergistic effect of risks which is caused by MA transactions and integration. Synergistic effect of internal risks mainly includes financial risk integration risk anti-MA risk principal-agent risk asymmetric information risk 1) Financial risk. MA often requires large amounts of capital, how to raise funds in short term is very important. Companies can use cash, stock or debt financing for the MA. Either way, there are great risks. If companies use cash to complete the MA, there will have the following short-comings: first of all, a one-time large amount of cash outflow for MA will cause intense pressure on the production and management of the enterprise. Second, the trade size will be restricted by the ability to obtain cash and lead to the failure of a large-scale MA. Moreover, the merged side may not like cash payment, because they cannot get the new company’s equity, this situation will also lead to MA risks. 2) Integration risk. According to a survey on the failure of MA, about 80% of MA failures are caused by enterprise integration failures. The MA integration risk is manifested mainly in the following three aspects: first, production and technology cannot achieve the expected synergy after MA. For example, the MA side usually wants to implement diversification through MA so as to enter new areas, when the growth of the new areas are faced with obstacles, it often makes MA activities in trouble. Second, the integration of personnel, institution and culture after MA. If the enterprise cannot make effective integration according to the designed MA plan, this will lead to the conflict of personnel, institution and cultural be-tween new and old enterprises and resulting in internal friction. Third, the impact of MA on business relationships, such as the impact on customers and suppliers. MA might cause deterioration in external business relationship and lose some customers and suppliers, thus lead to the increa se of enterprise’s operating costs and reduction its profitability. 3) Anti-MA risk Under normal circumstances, the merged enterprise’s attitude of MA is uncooperative. Because the merged enterprises are usually inferior enterprises, they will find ways to stop MA. Such practices will greatly increase the MA risks. In addition, under the modern corporate governance structure, a successful MA must first be accepted by enterprise management, then adopted by the board of directors in the enterprise, at last obtain the consent of the large, small and medium-sized investors. 4) Principal-agent risk For pursuing business expansion, the senior executives with information superiority might ignore the interests of shareholders to meet the needs of their individual fame and fortune. The â€Å"out of control† risk of principal-agent relationship in MA decision is very dangerous. In a company, the relationship between its manager and corporate owners is principal-agent relationship. The company management might pursuit company expansion for their own interests to show their performance. They have information superiority and might agree on the unreasonable terms of the target company without considering its own financial and operating conditions. This conduct will increase the realization cost of synergy and reduced synergy benefits. 5) Asymmetric information risk In the market mechanism of incomplete competition, the problem of information asymmetry is quite general. During the course of strong company’s acquisition of target company, the target company’s executives might conceal the facts such as enterprise’s hidden losses of contingent liability and the true value of patents to achieve their private intentions. They might also collude with the agency or the insider of the strong enterprise to make false information so that the policy makers of the merging side might make wrong decisions. External Risks As synergistic effect is based on certain of development strategy and the formulation of such a development strategy is based on external environment, therefore, the changes in external environment not only affects the enterprise’s development strategy, but also cause the deviation from the expected synergies. The external risks of synergistic effect mainly include policy risk legal risk industrial risk. 1) Policy risk. Policy risk refers to the synergy risk which caused by the adjustment of national economic policies. The government develops special policies to protect the vested interests of government and â€Å"special groups† or uses administrative means to arbitrarily change its policy to destroy the normal order of market competition, such behavior would increase the risk of synergy. 2) Legal risk. Legal risk mainly lies in the following three aspects. The first is the provisions of anti-monopoly law. Most of western countries developed a series of anti-monopoly laws to safeguard fair competition. The second is the specific provisions of MA in the law. For instance, according to the correlated laws, if the acquirer holds 5% of a listed company’s shares, it must notice and suspend trading, for each 2% subsequent increment, it is necessary to repeat the process, if holding 30% of the shares, it must launch a comprehensive tender offer. This provision leads to great increase of the acquisition costs and MA risk. Thirdly, during the course of MA, as laws and regulations are incomplete, the conduct of company cannot be guided correctly, thus result in the increase of MA risk. 3) Industrial risk. Industry risk refers to the uncertainty of the industry prospects caused by the changes of country’s economic situation and industrial policy, which might influence the enterprise development strategy. In the process of MA decision-making, many enterprises sink into woeful situation because they are not familiar with the new industry they wish to enter or without a accurate grasp of the industry prospects. The â€Å"big diving† of e-commerce enterprises in the last two years are good examples. Conclusion Bibliography http://tutor2u.net/economics/content/essentials/economies_scale_scope.htm http://www.tutor2u.net/business/gcse/downloads/production_economies_of_scale.pdf www.scirp.org/journal/PaperDownload.aspx?paperID=4385 Pindyck, Rubinfield, Mehta, MicroEconomics, 7th Edition, Pearson

Vineyard provinces of Iran Essay -- Agriculture, Grape Production

Grape berry moth, Lobesia botrana Den. & Schiff. is one of the most important pests of grape vine in most parts of the country. Losses caused by larval feeding leads to disrupted plant activities, reduction in flower buds and ultimately decreased quality and quantity of the crop. In order to study seasonal flight activity of Lobesia botrana and to determine spraying time, experiments were conducted for two consecutive years at two different orchards in Sissakht region in 1999-2000. The seasonal flight of Lobesia botrana was investigated by using pheromone traps and collecting samples from eggs, larva and pupa stages of the pest. The results showed that Lobesia botrana has three generations with an incomplete 4th in the region. Damage of first and forth generation is very low. The grape vine fruits can be mainly damaged by the second and third generation of Lobesia botrana that will happen about ten days after the adult emergency. Regarding to the results, spraying should be done duri ng two weeks from 9th Lobesia botrana for the next year. Key Words: Lobesia botrana, Population dynamics, Pheromone traps, spraying. Introduction Grape is one of the major economical products in Iran. Kohkiluyeh-Va-Boyer- Ahmad has been long one of the Vineyard provinces of Iran. According to statistics of 2005, there was 1900 hectares under cultivation (700 hectares of sapling and 1200 hectares of fruitful trees) with the production of 1250 metric ton, an average of 12500 Kg per hectare [5, 7]. The vineyards of Kohkiluyeh-Va-Buyer-Ahmad are mostly in the counties of Buyer-Ahmad, Sissakht (Dena) and Kohkiluyeh [10]. Lobesia botrana is one of the most important pest causing serious damages to vineyards in Iran and around the world. In some years, ... ... – 11, May 13 – 18, May End of 2nd gen 26, May – 5, June 25, May – 4, June Start of 2nd gen. 5 – 12, June 4 – 11, June Fly climax of 2nd gen. 19 – 26, June 18 – 25, June End of 2nd gen 17 – 31, July 13 – 28, July Start of 3rd gen. 31, July – 11, August 28, July – 13, August Fly climax of 3rd gen. 20 – 27, August 22 – 29, August End of 3rd gen 3 – 9, September 6 – 16, September Start of 4th gen. 9 – 16 September 16 – 24, September Figure 1. Population dynamics vine moth in Sissakhat region (plain) 2007-2008 Figure2. Population dynamics vine moth in Sissakhat region (Mountain). 2007-2008 Figure 3a. Fluctuation curve daily Min and Max temperature (Celsius). 2007 Figure 3b. Fluctuation curve daily Min and Max temperature (Celsius). 2008 Figure 4. Exit trend adults overwintering in laboratory conditions (2008). References :

Organizational Behavior in Criminal Justice Essay

Organizational behavior in a criminal justice agency is the way in which employees and their superiors interact amongst themselves and with one another both positively and negatively. Organizational behavior itself is the study of social conduct as it relates to the confines of a specific group. It is the study of how an individual or group interacts with one another and the dynamics of the personal relationships that evolve from that contact (Duan, Lam, Chen, & Zhong, 2010). The shifting paradigm trends describe by Schermerhorn, Hunt, and Osborn (2008) can be used to delve further into the understanding of the organizational behavior that exists in most criminal justice agencies. The archetypical performance falls into one of seven categories; commitment to ethical behavior, importance of human capital, demise of command-and-control, emphasis on team work, pervasive influence of information technology, respect for new workforce expectations, and changing careers. From these trends b oth positive and negative characteristics of criminal justice agencies can be identified. â€Å"Commitment to ethical behavior: Highly publicized scandals involving unethical and illegal business practices prompt concerns for ethical behavior in the workplace; there is growing intolerance for breaches of public faith by organizations and those who run them† (Schermerhorn, Hunt, & Osborn, 2008, para. 14). In criminal justice agencies ethical violations often are handled with little fan fair. Any level of impropriety introduced in the prying public eye can have innumerous repercussions. The loss of public support and trust can be a huge problem, but it affects the internal structure too. Depending on how fairly and swiftly the situation is handled determines whether or not those in charge gain or lose respect. Judgments will be passed on how the situation was controlled, and how it should have been dealt with. In delicate matters like this behaviors of retaliation and accusations of bias are important to be kept at a minimum. â€Å"Importance of human capital: A dynamic and complex environment poses continuous challenges; sustained success is earned through knowledge, experience, and commitments of people as valuable human assets of organizations† (Schermerhorn, Hunt, & Osborn, 2008, para. 14). The workforce is the heart of a criminal justice agency. It should be the single most cherished asset. The appreciation of experience by an organization is vital. But more importantly the recognition, respect, and aspiration by new members and seasoned is a must. This necessity recognizes a clear chain of command and model of training. â€Å"Demise of command-and-control: Traditional hierarchical structures are proving incapable of handling new environmental pressures and demands; they are being replaced by flexible structures and participatory work settings that fully value human capital† (Schermerhorn, Hunt, & Osborn, 2008, para. 14). Shared responsibility and the extinction of the â€Å"because it has always been done that way† is a requirement in the modern criminal justice agency. It is being replaced by the attitude that the old way is not always the best way, and we all have a lot to learn from one another. While command still flows in one direction; ideas can come from anywhere. â€Å"Emphasis on teamwork: Organizations today are less vertical and more horizontal in focus; driven by complex environments and customer demands, work is increasingly team based with a focus on peer contributions† (Schermerhorn, Hunt, & Osborn, 2008, para. 14). In a criminal justice agency teamwork may have become common place, but improvements still need to be made in the area of information sharing. While no man is an island, neither is an agency. For the sake of public welfare resources need to be pooled. â€Å"Pervasive influence of information technology: As computers penetrate all aspects of the workplace, implications for workflows, work arrangements, and organizational systems and processes are far-reaching† (Schermerhorn, Hunt, & Osborn, 2008, para. 14). We are in the information technology age and the correct resources and know-how can be the deciding factor in the constant struggle b etween criminals and policing agencies. Increased educational and computer skills demands are needed to boost and maintain an advantage at any level of criminal justice agency. â€Å"Respect for new workforce expectations: The new generation of workers is less tolerant of hierarchy, more informal, and less concerned about status; organizations are paying more attention to helping members balance work responsibilities and personal affairs† (Schermerhorn, Hunt, & Osborn, 2008, para. 14). While a certain amount of attention should be paid to new workforce expectations it is important not to compromise the integrity of the job expectations. A balanced life should lead to a happy and relaxed employee who theoretically should also be more effective and efficient in an effort to maintain employment in the desired environment. Employer’s must remain fair but also realize their top priority in the criminal justice field is not to ensure employee happiness. An employee who can balance work and a private life on his own should be a valuable commodity. â€Å"Changing careers: The new realities of a global economy find employers using more â€Å"offshoring† and â€Å"outsourcing† of jobs; more individuals are now working as independent contractors rather than as traditional full-time employees† (Schermerhorn, Hunt, & Osborn, 2008, para. 14). In criminal justice agency this trend is no different. It is not uncommon for governments to hire private security firms and private corrections companies. However, by outsourcing such positions power is lost in the public sector. Monitoring a regulations create more work when dealing with outside policing forces. It also opens up a gray area for bad behavior and a hired gun mentality. While roles may be redefined privatization of criminal justice agencies can be more of a problem than a convenience. Study of workplace environments and the effects of the personnel’s behavior can only continue to bring about recognition of areas in need of improvement. Works Cited Duan, J., Lam, W., Chen, Z., & Zhong, J.A. (2010). Leadership justice, negative organizational behaviors, and the mediating effect of affective commitment. Social Behavior & Personality: An International Journal, 38(9), 1287-1296. Retrieved from http://biere.louisiana.edu:2092/ehost/detail?hid=17&sid=5d563aca-ec9a-43c49e42db48b73a6784%40sessionmgr4&vid=4&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=sih&AN=54018927 Schermerhorn, J.R., Hunt, J. G., & Osborn, R. N. (2008). Organizational Behavior. Available from https://ecampus.phoenix.edu/content/eBookLibrary2/content/eReader.aspx.

Twenty Years at Hull House

Twenty Years at Hull House The study of leadership and leaders has a long and multifaceted history rich in rituals, metaphors, symbols, and stories. As a field of scientific inquiry, leadership has intrigued scholars and practitioners from nay disciplines, as diverse as religion and political science, psychology and economics.Advertising We will write a custom essay sample on Twenty Years at Hull House specifically for you for only $16.05 $11/page Learn More In our everyday conversation, we talk about the lack of sound leadership, and the need for more effective leadership in the family, our organizations, communities, and nations (Fradin and Fradin). On the other hand, some of our greatest cultural, social, political, and artistic accomplishments are attributed to leadership, as have many political catastrophes and social ills. Leadership has been and is a cause and effect of greatness and success as well as insignificance and failure. Since recorded in history, ideas of leadership h ave been found in every culture and the literature of the oldest civilizations around the world. They are embedded in mythology, legends, sagas, religions, and social life of early and contemporary societies, in the past as well as in the present. Leadership has been vital in every historical period and in every culture. Historically, leadership has been conceptualized as the â€Å"man on the white horse,† that is, the study of leadership has been seen as the study of â€Å"great men.† Moreover, it has been primarily the study of political leadership exercised by privileged group of â€Å"great men† who defined power, authority, and knowledge. Although history has produced some great men, it has also produced great female leaders who have played a critical role in the well being of the human beings. Key among the lady leaders is Jane Addams. Today little is known about Jane Addams, however, in the early 1900s, Jane Addams was not only one of the two or three mos t famous women in the United States she was one of the most beloved Americans in the world. The young woman who emerges from these pages was not raised for female idleness but for community service; her nascent talent was less for friendship than for leadership and her first interest was less in plight of the downtrodden than in the potential powers of the elite (Addams). Her journey from that youth to Hull- House involved less invalidism and more religious questioning than the standard story allows, and much softening as toughening. Addams first gained fame as the head of Hull House – an institution offering educational, recreational, and other services to the needy people whom she and a friend founded in Chicago in 1889. During the nearly fifty years that she ran Hull House, Jane Addams improved life for thousands of Chicagoans, mostly poor and immigrant families, for her achievements at Hull House she was hailed as the â€Å"Angel of Democracy†. Jane also dedicated herself to another cause, which stirred up strong feelings both for and against her. She became a pacifist – a person strongly opposed to war.Advertising Looking for essay on history? Let's see if we can help you! Get your first paper with 15% OFF Learn More As the head of the women’s International League for Peace and Freedom, she criticized America’s entry into World War I. Addams was regarded as one who could speak with authority on the distinction between being good â€Å"to† people and being good â€Å"with† them because she had demonstrated her capacity for cross – class cooperation in her daily conduct among her immigrant neighbors (Fradin and Fradin). Every week, a thousand of those neighbors visited Hull House for one activity or another, and that level of voluntary participation in clubs, classes and social events convinced sympathetic observers in the press and public that â€Å"the gentle, the earnest, th e noble woman† who presided over the Hull House must have been doing some great work. Essentially, the Hull House, which was Chicago’s first settlement, was established in September, 1889. It represented no association, but was opened by two women, backed by many friends, in the belief that the mere foothold of a house, easily accessible, ample in space, hospitable and tolerant in spirit, situated in the midst of the large foreign colonies which so easily situated in the midst of the large foreign colonies which so easily isolate themselves in the American cities, would so easily isolate themselves in American cities, would be in itself a serviceable thing for Chicago (Fradin and Fradin). Hull House endeavored to make social intercourse express the growing sense of the economic unity of society. It was an effort to add the social function to democracy. It was opened on the theory that the dependence of classes on each other is reciprocal; and that as the social relation was essentially a reciprocal relation, it gave a form of expression that had a peculiar value. Addams and Starr moved into Hull – House in 1889 and by 1891, they had added an art gallery, by 1893 a coffee house and a gymnasium. In 1907, 70 people lived there full time and by 1910, there were 1500 boys who were members of the Hull – house boys club and the house and its programs saw approximately 2000 guests. The first community need that she perceived once ‘settled’ into the house was the need for day care for young mothers and for structured educational opportunities for preschool age children. Jane Addams appeared on the Chicago scene in 1889, at the end of a decade in the city’s history marked by labor protests against employers’ exploitation and working class hostility to patronizing Protestant philanthropy. Addams introduced the British settlement scheme to Chicago labor activists, women reformers, and liberal clergy, who were hungry fo r practical, productive alternatives to the class alienation borne of laissez-faire capitalism and condescending charity.Advertising We will write a custom essay sample on Twenty Years at Hull House specifically for you for only $16.05 $11/page Learn More Those who became Addams allies in Chicago represented that vanguard of urban Americans coming to the fore in every major city, ready to challenge the economic and political rules that had dominated the landscape since the triumph of northern industrial capitalism in the Civil War. Addams described the ethnic makeup of the neighborhood around Hull – House in her autobiography, noting the gradual outmigration of the more prosperous Irish and German immigrants, and the slow influx of Russian Jews, Italians, and Greeks in their place. In the forty years that passed between her speech at New York’s United Charities Building and her death from cancer in May 1935, Jane Addams managed the ever expand ing, always esteemed program at Hull – House. By 1910, when she published her enormously successful autobiography, Twenty years at Hull-House, the settlement comprised thirteen buildings encircling an entire square block at Halsted and Polk Streets and served several thousand visitors a week, hull house operated as a meeting ground for working class neighbors, labor artists, ethnic club members, intellectuals, religions liberals, teenage athletes, and children in search of a music class, jungle gym, or free bath. It served, as well as a catalyst for social legislation, political reform, social science theory, and labor organizing at the city, state, and national levels. Addams was the steady arms at the helm of Hull House, attracting extraordinarily gifted, innovative women and men around her and adroitly leading them in the development of the social service programs and legislative agenda. Addams, Jane. Twenty years at Hull-House with autobiographical notes. Illinois: Unive rsity of Illinois Press, 1990 . Fradin, Judith Bloom and Dennis B. Fradin. Jane Addams: champion of democracy. New York: Houghton Mifflin Harcourt, 2006 .