Performance And Reward Management Commerce Essay

implementation And Reward Management Commerce Essay surgical procedure circumspection heart measuring criteria for organizational progress helping to give their set target and goals by taking suitable live up tos for the amendment of the comp whatsoever. Performance wariness strategy aims to come across the following targetEnabling for each one employee to issue what is actu aloney been involve and what should be his role in achieving those targets.It helps to harbor an honest relationship mingled with the employees.Enabling each singular employee to pure tone motivate at flow and make him know astir(predicate) his cherished division in the project.Enabling organization to get the employees for his exceptional contri justion to the confederacy.Performance management agreement is being designed to successfully achieve the set objective as well as it also emphasis on helping the employees to view what is being needed from them and how they could deliver it to t he confederation. tercet components of answerance management systemInitially vista up the indispensable aim which is needed to be target and making the employees to clearly know what should be their contri furtherion towards achieving the required target.Distinguishing among the countrys where the deed is strong and the bea where there is a need for amendment so suggesting ways to improve the service delivery action. recognize the employee with the best work outcome.Relation between pauperization and surgery managementMotivation refers to strengthening of internal activities which drives or boost the doing of man. There is a direct relationship between performances to motivation if an employee is highly motivated then he/she is expected to perform better at job. Theories suggesting the following implementations argonReinforcement surmisal of motivation this theory describes the effect of present port onto its futurity consequences, focusing on changing the employee way harmonize to the surrounding situation through with(predicate) four-spot types of operational conditioning constructive reinforcementMotivating employees by the means by increasing wages, upright-looking him bonus or either promoting him, all this reinforcement is being provided as a quit to the employee to repeat the sought after behavior adapted by the employee at the workforce.Negative reinforcement change the employee behavior and raise it up the base business attempt like evasion or ignorance if the employee is not been workings as he/she should be working. liquidationIt is like not providing the employee neither with the confirmatory reinforcement and nor with the negative reinforcement, if an employee is working then also he is not getting a thank or a recompense for his work.PunishmentIt is for decreasing the continuity of behavior which the employee is being following at the work distance.The reinforcement theory on the management sideManagers should be inf orming the employee about the things which they atomic number 18 doing wrong and shouldnt be repeated while directing them to the way which could help them to receive positive reinforcement.Managers should also understand it is important to reinforcement employees for their performance because if the deserving vista is not getting the reward then he/she may not be performing to the level previously used to.Equity theory of motivation supposing two employees worked equally at office but an employee A gets 20% per centum increment while employee B gets 10 percent increment. Employee B is pleased with his performance because where other employees atomic number 18 getting save 6 % increment he got 10% but while examine to A he will be rather disappointed therefore people compare their reward to the ratio of the reward what the other psyche is getting to the input applied.Therefore in such a nerve managers essential be very careful while they are recognise and provide each em ployee with a specified target to motivate them and steady this removes the indifference attitude within the employees about others. (analytictech website)Four factors that need to be considered when managing performanceIt is very crucial to reexamination employees performance level which take ons their behavior they should be exhibiting in the fellowship.Factors that are needed to take in good will when managing performance arePlanningIt means setting up the performance goal and expectation which is required to be followed by the employees in line to achieve the set target, involving employees in the planning action to make them understand what the organization is targeting and what should be their contribution in the achieving the target.MonitoringProjects and assignment are monitored continuously for consistently measuring the performance and then giving them with feedback about their actions which is needed by them to follow for achieving the target, this regularly checking method helps to meet the find standard as pert the organization requirement.DevelopingDeveloping in the terms means increasing the performance capacity through giving them assignment, regular training session which helps the employees to introduce new skills and perform well.RewardingRewarding employees for their talent and contribution to the comp either procedure result in better effect on to the gild performance. (US office for mortalnel management )The relationship between performance management and rewardTwo purposes of reward within a performance management systemIn any organization the main purpose behind rewarding employees is to motivate them, retaining them to the company and reducing the turnover costing. Employees are the most important valuable stubbornness of the company and it is very important to continuously encourage them for their contribution to the organization. These reward systems are mainly been introduced into the companys environment to give a recogni tion and hike to the committed employee of the company for his extraordinary performance in the company by this Staffs understand what they are expected to do.Contribute to effective performance and reward management in the workplaceComponents of a total reward systemRewarding system is being used as a implement by company owners to attract the talent they have been looking for their company and to retain the talent with company and from seeing the employees perspective rewards are the retribution for their commitment and loyalty towards the company.Components of rewarding system areIndividual cropIt includes with investing in people, learning opportunities through training programs and career opportunities through new job openings, promoting or handling oversees assignment project.Compelling futureIt is very critical component of the rewarding system including companys growth and success, its character and image in the market and in front of the employees, stakeholders, compan ys vision and values.Positive workplaceThis stratum includes leadership, commitment and thrust towards the company, working attitude towards his colleges and external people, his communication inside the company and involvement of the employee.Total payThis category includes the performance criteria, recognizing the employee talent and giving him base pay, variable pay according to his work, providing the employee with additional benefits and pay for his performance in the company. This recognition gives a supernumerary entity of the employee in front of his colleges for his actions and performance in the lying-in given to him. (schuster zingheim , 2012)Sources of info (1 of which should be external to the organisation) required by individuals involved in performance and reward management processes.Gathering performance information through standard or sources helps to ensures that the objective is in line with the on acquittance employees behavior and company is performing wel l. Types of information included are employees call record, sales deal or the project deadline publication area while important information sources include getting feedback through others, personally observing the employee, and suss outs on the employees. Getting information from feedback process involves with asking all the subordinate employees, manager about the employee any specified skill and while comparing that data to the final report submitted and based upon that judging the performance and rewarding process.Other data sources which are helpful in determining the performance chart are preceding(a) performance report, what are the current objectives of the organization and a standard livelihood relating to the career goal.To be able to read and reflect upon a performance review and How to support good practice in performance and reward managementFrequency, purpose and process of performance reviewsConsidering performance management review system for an oil spill comp any, there is an annual cycle system which combines together with the budgeting process and business planning process. It is a three pegleg process beginning annually in the month of January and ending in the same over a year cycle.Stage oneIt is the sign phase starting in the month if January consisting of planning of work agreement, setting up occupational standard, meeting to the required competencies and assigning of the personal maturation planning in line with the organizational aim.Stage twoThis flash phase is being carried out throughout the financial year going in a form of regular ongoing process aiming at keeping the information and work agreement data up to troth according to the changing environment in which the company is being operating. fixity meetings are put up to discuss on the progress frame-up of the company.Stage threeAt the year ending each individual performance is being reviewed, judging their performance level and comparing the performance to the requ ired level of performance needed for the task to get complete. at once the year get started it is mandatory to run all the three stages serially. tolerate interviewing skills in order to gauge performanceAn interview describes the employees intake to the company which cornerstone also be taken as a place to measure the performance level of the employee whom the company is planning to take in. hither are some of the questions which demonstrate the performance level of the employeewhat skills and special characteristics are up planning to bring in with the jobDescribe what are your duties and responsibility while performing a task at workforce.from previous event describe your creative workdescribe situation which describes you finish work in a teamdescribe what would be your action in time going through intense pressure and accentuateAre you prepared to make personal sacrifice for the sake of work related purpose.Effective use of feedbackTimely and effective feedback managing syst em is requisite and an important aspect for guarantying successful performance management, giving employees with comme il faut feedback helps to improve their performance level and to timely correct themselves whenever they are falling apart(predicate) from the required target, feedback helps to motivate them in the right sense to follow the proper path.SMART objectives for developmental purposesFollowing specific objectives are set to project developmentSpecifically or exactly illustrating what specific action needed to be followed.Measuring the performance to evaluate are the activities going in line with the determined objective.The set objective must be doable with the required resources.Relating whether the set objective target is required to get the desired goal.Setting the time limit in which the given objective must be accomplished.Notes on the covered pointTalking of my job in my day to day activity I am not traffic with performance management review but I found the ta sk to be very challenging and a good performance review can change the company working and uplift its standard but there is only one requirement employee has to put his full effort.To conduct performance review I have done many researches regarding the subject and regarding this I have learned in the process that for a good performance review it is very important to know the person efforts which he is putting for the development of the company and being supportive, honest and reward person for his achievement helps to bring out what is best from him and if after that also person is not putting his effort than if providing positive feedback to them gives a motivational backbreaking to them and even they can perform well, from the above experience I can comment performance management is not only for the past but it is for the future wellbeing of the company.

A Historical Sketch Of ELT In India English Language Essay

A Historical Sketch Of ELT In India slope Language EssayIntroductionThis muse aims at canvas the words ask of under graduates students, revealing the discrepancies of different participants with respect to veridical incline phrase skills and target run-in skills and then suggest corrections in platform, wherever required. The study is conducted at Sant Gadge Baba University Amravati, on students studying in under-graduate routes.This chapter presents information on the background and purpose of the study. Next, research headings argon presented. Finally, definitions of close to basic price use in this study are presented. footing to the Study ball-shaped side of meatWorld face is vastly categorised into three varieties incline as a Native Language (ENL), specimen as a Second Language (ESL) and side as a Foreign Language (EFL). Accordingly, thither are three geographical divisions of incline oration nations viz., ENL territories, ESL territories and EFL territo ries (Braj B. Kachru in Koul N. Omkar (eds.) 1992 2 -3, cited in Hasan Kamrul Md,2004).1ENL territories In countries like the UK, the USA, Canada, Australia and New Zealand, side is the graduation or often the barely language of discourse among the muckle. In ENL territories people use the come tongue sorting of position.ESL territories- In ESL situations English plays a vital contribution and is used to perform a variety of official, schoolingal, and other roles. For ESL speakers, although English is not their native language but it is an important language in their passe-part pop discover and fond lives. Like India, English is used as a wink language in al closely all the former British colonies (Singapore, Nigeria, southwestward Africa etc.) Often the persons secant language start outs the first passal language in adulthood in such cases. In ESL countries English is generally wedded wideness in the educational framework of the nation and taught in schools an d colleges.EFL territories In some countries English neither enjoys the status of native language nor molybdenum language. It is treated as foreign language and its use is restricted to occupational and educational purposes. In countries like China and Japan, English is taught and learnt importantly for reasons of apportion and business and it does not play any role in brotherly interactions.A historical sketch of ELT in IndiaPre-colonial periodVasco da Gamas husking of the sea route to India as well paved way for the introduction of English in the sub-continent in 1498. til now, it was only in the 18th century, when the Mughal Empire was on the decline and the English eastern some(prenominal) India Company had secured a foothold in India that Indias tryst with the English language began. During this period, English was the language of communication of the selected people and was not the lingua franca of the people.Colonial periodWith the consolidation of the activities of the East India Company in eighteenth century, began the efforts of teaching English in the conspiracy Asian subcontinent. As removed back as 1759, Christian missionaries entered India and the 1787 junket welcomed the efforts of Rev. Swartz to establish schools for the teaching of English. Another significant effort was the publication of the first book, The Tutor, to teach English to the non-Europeans by author John Miller in 1797. This book was published in Serampore in Bengal. Thus the socio- historical represent for the role of English in education was set by the stamp out of the 18th century.T.B. Macaulay, in the Minutes of 1835, for the first time, formally introduced the teaching of English in the South Asian subcontinent. In his Minutes he mentioned the importance and usefulness of the education that would be given to the natives through the medium of English. thither were primarily two objectives of such education. The first was to take a crap through this education a track of natives who, despite their blood and colour, would be English in culture and be able to interpret between the rulers and the subjectsa layer who may be interpreters between us and the millions whom we govern a class of persons, Indians in blood and colour, but English in taste, in opinion, in morals and in intellect (quoted in Macaulay 1835, quoted in Thirumalai, 2003)2. The second was to create a demand for the European institutions. Although two the objectives were designed to serve the bear on of the Masters, not of the subjects, but it provided the framework of formal English education to India which to a large extent is followed even today..Thus by the middle of the nineteenth century the aims and objectives of teaching English were really clearly laid out For the remaining period of colonial rule there were a a couple of(prenominal) landmarks in the development of English such asThe establishment of universities in Kolkata, Mumbai and Chennai in 1857 and in Dh aka in 1920Selective education and breeding in administration, imparted through English, the Indian University Act (1904)The Resolution on educational Policy (1913).For the entire period of British rule four broad developments with regard to English education took s oddment off1600 -1800 During the early years the variety of English used was imitative and formal. It was the language of the rulers and the elite class.1850 -1947 During the later years more varieties (from truly high to very low) appeared. Indian intellectuals and freedom fighters in effect used English as tool to for semipolitical awakening and resurgence.fundamental interaction with camber languages As the use of English penetrated the different sections of the educated Indians, a new variety of English emerged. This variety of English had a very distinct Indian flavour and a number of words of vernacular origin were absorbed in English, e.g., Brahmin. Coolie, jungle, and so on.Methodology Language studies were establish on literature and grammar and the way of life of studies was the grammar-translation method. The spoken component of the language was not practised. The emphasis was given on correctness and complete sentence construction.English also played a critical role in Indias argue for independence as it became the language of political awakening and resurgence. Even Mohandas K. Gandhi (1869-1948), although a strong advocator of use of national language, used English language effectively to put forth his message to the British Government . deport colonial periodPost independence, the perception of English as having an outsider author base changed. Kachru notes that English now has national and supranational roles that are both distinct and complementary. English has thus acquired a new power base and a new elitism (Kachru 1986, p. 12 as cited in Baldridge, 2002).3 For most part of the twentieth century, it remained a language used by a select few. English primarily remained the language of law and administration.The Present verbaliseTwentieth century witnessed great advancements in science and technology and this enab guide some new ways of sharing information and doing business. Indias international commercial activities led to the need for acquiring proficiency in English as an international language. Now, English was not just the language of the administrators and policy makers but also became the language of the business and superior class.In India, the English speaking universe is only about 3-4%, but with Indias massive population, India is among the top three countries in the world with the highest number of English speakers. In terms of numbers of English speakers, the Indian subcontinent ranks third in the world, after the USA and UK. Most English speakers in India are second language speakers, in 1971, it was estimated that the rate of bilingualism in India was 13% and 99% of English speakers are second-language speakers (Mahapatra 1990 7 cited in Hohenthal , 2003).4 Spolsky points out that English is the most widely spoken second language, followed by Hindi. English is more useful as a lingua franca the usefulness of Hindi as a lingua franca is regionally limited (Spolsky 1978 42 cited in Hohenthal , 2003)5. The small segment of the English speaking population controls domains that have professional prestige (Kachru 1986a 8 cited in Hohenthal , 2003)). It is this small segment of Indian population that heads Indias economic, industrial, professional, political, and social progress. Most interactions in the above spheres of life take place in English.In the linguistically plural settings of India, English often acts as the link -language among people of different dialect. For many educated Indians English is nearly the first language. Thus in the present con textual matter English is play a vital role in bringing together people from different regional languages for a closer exchange of social, educational and adm inistrative network of India . It provides a linguistic tool for the administrative cohesiveness of a country (Kachru 1986a 8).English is used in both public and face-to-face domains and its functions extend far beyond those normally gentd with an outside language, including the instrumental, the regulative, the interpersonal and the innovative, self-expressive function (Hohenthal citing Kachru 1986a 37, 2003))6. As pointed out before, the role of English is not replacive it overlaps with local anaesthetic languages in certain domains (Kandiah citing Sridhar, 1985Shridhar and Shridhar, 1986 1991 273)7.English language in Indian knowledge arrangementEnglish is taught as a second language at both stage of education in all earths of India and has been accepted as the main medium of instruction in higher education. English is also the fix language of two states in eastern India, Meghalaya and Nagaland.In India, English has become an integral part of the curriculum almost at all levels of education. However there are various social, political and cultural factors that affect the lieu of English in different boards, universities and other institutions. Even the curriculum offered and military rank tools employed are very diverse across the country. The model of English offered to the learners lacks uniformity and it is this question that continues to challenge the policy makers and education planners. While most States accord English the position of second language, some others treat is as the third language the regional language and the national language getting precedence.as in other linguistically and culturally pluralistic societies, the position of English is determined by various political, cultural and social considerations. Kachru (1986b20 cited in Hohenthal , 2003)8 sees primarily three questions which continue to be discussed. The first question concerns the position of English in early and in higher education. The second question is concerned w ith the roles of the regional language, Hindi and English. The third question deals with the model of English presented to Indian learners, and how that presentation can be made uniformly and effectively. The Government of India has primarily been concerned with the first two questions, which are now related to language planning at both the national and state levels. There are, as yet, no acceptable answers to any of these questions (Kachru 1986b20 cited in Hohenthal , 2003).91.2 Language Teaching Context at Amravati UniversityEstablished on initiatory May, 1983, this University geographically covers the western Vidarbha belt (i.e., five districts Amravati, Akola, Yavatmal, Buldhana and Washim) of Maharashtra State. The University, in its small sweep of two and a half decades, has contributed in many ways for economic, social and cultural upliftment of the society by offering quality education. The Motto of this University is Education for Salvation of SoulThe University is reco gnised under Section 12(B) of UGC Act.The University is also an associate member of Association of Commonwealth Universities, London (U.K.)The University has 10 faculties which includes Arts, Commerce, Sciences, Medicine, Ayurved, Education, Social Science, honor, groundwork Science, Engineering Technology.The University has facilities to offer post-graduate advanced education in Computer, Biotechnology, Business Management, Law degree courses in Chemical-Technology.SGB,Amravati University University has been one of the foundation universities undergoingexpansion and developments in the new years. Although the University does not have an English Department to date, English courses are offered both at undergraduate and postgraduate levels in colleges affiliated to the University.Evaluation tools used in order to pass judgment the students performance are generally create verbally exams stated to cover the course objectives moderately rather than fully. That is because audito ry sense and speaking skills are not evaluated although pulld during the classes. The exam is generally conducted once, at the end of the academic session. The nature of the written examination paper is largely theoretical.Thus, the solvents of this study go forth be an aid to the Curriculum Development Unit of English Board of Studiesof Amravati University (SGBAU)in deciding on the needs of the students and improving the already live program to remedy meet the needs of those students.1.3 Purpose of the Study?English has penetrated all functions and all sections of society. It is a universally accepted tool for communication. It is no pertinaciouser restricted to the English or Americans as a means for communication. Even within India, with its diversity of languages, English has emerged as the accepted language of communication cross culturally. It has even overtaken Hindi, which is officially the national language, as far communication among people of different native langua ges is concerned. Although, from time to time, various political lobbies have raised the issue of prohibiting the use of English language, however, they have so far been unsuccessful. This is primarily the result of the accommodating quality of English . Moreover, most of the world communicates in English and if India has to be a part of the Global scenario, English language can be a major bridge. sounding at English language courses in sub metroplises, the fact that glaringly stands out is that little has been done to understand the special learnedness needs of students here and even lesser attention has been paid to prepare them to function effectively in their workplaces and academic environment. Students hailing from townships and rural areas suffer from geographic as well as cultural disadvantages. Their distance from the metros does not bring the film and environment which is naturally a part of the cosmopolitan work culture. culturally as well, most students rifle to famil ies where native language is the means of communication and even in academic institutions the medium of instruction is primarily the local dialect. The prime purpose of this study was to understand the special needs of students who belong to non-metropolitan areas and then enterprise to suggest how they can be optimally educate to perform academic and professional functions efficiently.Each of the skills which may be required, reading, writing, listening and speaking may be of different value in terms of their use in a specific field. This study has been able to assess the students only in reading, writing, grammar and vocabulary. Due to a large and scattered sample, the police detective was constrained not to test the listening and speaking skills of the respondents.This study aims at collecting data about the ESP needs of undergraduate students in 2008-2009 Academic Year. By comparing the results of students in each skill and the desire competence level of the items, this stud y, also aims at examining whether or not there is a need for utility in those skills.Rodgers (1969 as cited in Hutchinson and Waters,1987) in Nese Ekici,2003 expresses that developments in educational psychology has contributed to the rise of ESP by emphasising the important importance of the learners and their attitudes to learning. Learners have different needs and interests, which has an important influence on their motivation to learn and therefore on the effectiveness of their learning. To get an whim about students English language skills and to see whether there was any unlikeness between their actual language skills and desired skills constituted an important ratio of the study. The foci of this study were both the target needs and learning needs for the English curriculum which is implemented during the undergraduate program. This needs assessment study will be useful in improving the already existing curriculum or designing a new needs-based curriculum and choosing mo re divert curricular elements for the undergraduate students at Amravati UniversityNecessity for curriculum developmentA plotted approach to the teaching-learning process can go a long way it making a course effective and relevant. However, as it is seen as something very complicated , many a times the content of the text books available for the course take the place of the course of instruction. There are very strong grounds to support the need for a systematic syllabus development process, the most important of them areFirst, right from the onset of the course the teacher understands the ultimate objective of the course as a result of the planned process. This gives an opportunity to the teacher to interrelate and integrate all the elements. This in turn ensures better chances for the syllabus meeting its learning objectives. Secondly, a planned approach enables better selection of teaching materials and aids. The class delivery is better planned and oriented towards the end re sult. Finally, this syllabus development process leads to improvement of language education. The teacher plans, structures, selects, organises the teaching content in accordance with the learning objectives. Both the learner and the teacher are well aware of the way out desired and both work in coordination to achieve the common goal.The syllabus surmisal has not found wide application in ELT practice yet and has often been ignored by applied linguists. However, the application of this theory could be very beneficial for the whole ELT process improvement. This research is an attempt to bring in the application of syllabus development process for SGBAUs language courses.

Impact of the Financial Crisis on Lehman Brothers

Impact of the fiscal Crisis on Lehman Br early(a)sThe clashing of the pecuniary crisis that leads to the loser of the Lehman Brothers.AbstractThe 2007-2008 fiscal crisis merchantman be defined as the collapse of the world financial food market and it is the miserliness financial nuclear nuclear meltdown since the great depression. The financial crisis begins in the get together States of America and spread to other part of the global sparing in different countries. During this time, it affects many invention and other business such as the collapsing of any(prenominal) banking groundworks one of which is the Lehman Brother. These banking systems in America and abroad suffers s perpetuallyed sparing losses which forced them into unsuccessful person. The economy was in the worst condition than ever and businesses was basically reluctant in combating this devastating financial crisis. The giving medications put strengthen st treasuregic pictures that will help stabilize the economy condition, they try to help the banking system from collapsing but financial crisis continued for many long time as a worldwide recession in the European Union and debt crisis. yet though the government intervention was prolonged this was not sufficient for nearly of the banking institution. On September 15, 2008, the Lehman Brothers fi guide for loser due the collapse of the financial system. This topic is written to show the causes of the financial crisis and what strategic strategy the feds took to combat the situation. It in addition looks at the how the 2007-2008 financial crisis trigger the bankruptcy of the Lehman Brother.Keywords ( monetary meltdown, Lehman Brothers, Bankruptcy, Recession).The impact of the financial crisis that leads to the bankruptcy of the Lehman Brothers.The Lehman Brothers was one of the largest enthronement banking institution in the United States of America. During the financial meltdown of the 2007-2008 financial crisis the state o f the chaotic economy was in such a devastating condition. There were many sustainable factors that was used to help shelter the economy, but even though several financial institutions were saved by the government proactive strategies, the bankruptcy and collapse of the Lehman Brothers remains a cataclysm and preferably of following protocol of rescuing the Lehman Brothers company the government sat spikelet and allow the Lehman Brothers to fail. The seemingly triggers and panic of the crisis was basically hidden losses.Causes of the 2007-2008 financial crisis angiotensin-converting enzyme of the primary cause of the 2007-2008 financial crisis was the overflowing of the housing sector in the United States of America that rises in 2005-2006 and because of this, the mortgage rate become indifference and people cannot pay their mortgage. According to Fried (2012), due to this situation, the banks commence in providing more credits to home owners resulting in higher interest rate and growing housing price. The rise in the housing price seen in the United States in earlier years following the financial meltdown was as a result of the amount of credit make getable that was driven by the enormous cashflow of foreign currency into the country. The real the three acress market similarly struggled in the United States because of the increase of the real estate standards and careless consumer spending (WEB 2012, Fried). During this time is was very easy for individuals to retrieved loans such as credit card, car loan, mortgage etc., which results in the unexpected debt of loan add among banking institutions and consumers. The was also a rise in the collateralized debt organization and mortgage securities that obtained their judge from mortgage payments. This makes it easier for investors from all over the world to invest in the housing sector and as the housing price went down, the financial institutions that borrow silver to invest went down and repost huge losses.Secondly, another factor that is responsible for the 2007-2008 financial crisis was the existence of easy credit obtained by consumers. In the previous years onwards the financial crisis, the federal officials decrease the federal vault requirement to 1.0% from 6.5%. This was in the main to rebel against the danger of deflation in the economy, but this aggressive move on with other factors create an increase in the demand of financial assets and at that placefore, increase housing price while reducing the interest rate (WEB 2012, Fried). some other reason behind the financial crisis was the sublime lending by financial institutions such as the banking systems. The rapid increase in the real estates exertion created intensive rivalry among mortgage lender competitors and the quantity of creditworthy borrowers dwindled and this made many lenders institutions feel comfortable in extending credits to borrowers. The government also subsidized business enterprises who maintai ned minimal underwriting standards during the previous years before the financial crisis. As this happen, it increases the chances of the mortgage standards to decrease and risky loans.Some of the statistical figure release by the international monetary fund (IMF), on that point was some major banking institution that incurred losses of more than one cardinal from bad loans assets credits and there would be greater losses if the federal official didnt do something to financial aided these banking institutions. The financial meltdown as led to the bankruptcy of many mortgage institution lenders and because of this several banking systems went under pressure and some was hold backn over by government institutions. Several of these institutions are Lehman Brothers, Citigroup, Merrill Lynch, etc.,The impact of the financial crisis on Lehman Brothers.The article entitled cut in Course there was no doubt that the downfall of the investment bank the Lehman Brothers was a major cause of the financial crisis meltdown. There were doubtable reasons circulating as to why the government allow the financial institution to collapse, because the government bailed appear other institution such as JPMorgan Chase, and Bear Sterns. Nevertheless, several months down the line of the comparable year the Lehman Brothers was left all alone where they had to file for bankruptcy because the Fed slowly declined to rescue them from the financial crisis (WEB 2013, Crash Course).According to Thomas and Hirsh (2009), on September 2008, the Lehman Brothers filed for bankruptcy, this move nearly caused the collapse of the financial system. President chaparral expressed his opinion of the economy going down when he say that this sucker could go down (Mason, 2009, p.28). umpteen concur that the bankruptcy of the Lehman Brothers could neuter everything for the country. Economist believed that the failure of the Lehman Brothers has a huge impact on the economy and before it happens the recession was under control, but after the collapse of the investment bank the economy was altered (Lucas, 2009, p.67). According to a well enjoy economist, everything fell apart after the Lehman Brothers went over the cliff, because no financial institution was safe (Blinder, 2009).It was said by the Treasury Secretary that the failure of the Lehman Brothers had led to a systematic crisis where the credit markets frozen and banks significantly had to limit interbank lending, because the dominance of the institution was extremely compromised throughout their financial system. He further explained that the financial system was on the verge of collapsing due to the preexisting of the economy downturn. Many believed that the bankruptcy of the Lehman Brothers was primarily due to the inconsistency and pretermit of planning in the policies that was applied to the Lehman Brothers in the 2008 crisis. One of the stipulating rumors of why the Lehman Brothers filed for bankruptcy was that they didnt enforce foreseeable risks in the system and the firms risks taking shrank. The Feds on the other hand, didnt intervene instead they let the investment bank collapse and they sent a essence stating that the firm needs to take responsibilities for their lack of planning and failure to take risks.The Feds reaction to the financial crisisBased upon the 2007-2008 financial crisis, the Fed government employ the Emergency Economic Stabilization Act of 2008, which is also known as the U.S. bailout plan in cases as critical as the financial crisis. With this plan the United States Secretary of Treasury is authorized to used seven one C billion dollars ($700) to help assist businesses during financial crisis especially securities backed by mortgages as well as supply liquid cash to banks to look that depositors dont lose their savings. Majority of the funds will be put into banks and other financial institutions to bailout businesses in distressed. The 2008 Act will not only a ssist locals, but also international businesses worldwide. The plan was implemented to bail out and improve the liquidity assets to stabilize the economy. Upon the implementation of the bailout plan the American economy started to recover because companies such as General Motors that was on the brink of bankruptcy showed improvement by recorded revenues and increase in profit margins. cobblers lastMany people believed that the 2007-2008 financial crisis could be in possession of been handle differently and it could squander been avoided if the Feds had taken actions. The bankruptcy of the Lehman Brothers during the financial crisis has impacted the financial system drastically and the fed government did not bail out the bank because of their lack of planning and risk taking pertaining the preexisting economy crisis. The fed believes that if the Lehman Brothers had get down proper planning and develop strategic policy then they could have avoided the bankruptcy. The federal govern ment also believe that because the Lehman Brothers was in financial bother from previous years before the 2007-2008 financial crisis and they didnt do anything to help the firm, during the crisis they were not willing to take action and prevent themselves. During the crisis it took a large mountain of taxpayer money to bail out the economy.ReferencesBlinder, A. S. (2009, January 24). Six Errors on the Path to the Financial Crisis The New York Times. Retrieved February 21,2017, from http//www.nytimes.com/2009/01/25/business/economy/25view.htmlFried, J. (n.d.). Who Really Drove the economy into the Ditch? New York, NY Algora Publishing. Retrieved February 21, 2017, from https//www.questia.com/library/120076524/who-really-drove-the-economy-into-the-ditchLucas, R. (2009). In the defense of the dismal science. The Economist. Retrieved February 21, 2017, from http//www.economist.com/ customer/14165405Mason, P. (2009). Meltdown The end of the Age of Greed, Verso London. Retrieved Februa ry 21, 2017, from https//www.amazon.com/Meltdown-End-Greed-Paul-Mason/dp/1844676536WEB (2013). Crash course. The origins of the financial crisis. Retrieved February 21, 2017, from http//www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article

Healthy and Safety Review of Business

wellnessy and Safety Review of transmission line cogitationPLACE wellness AND SAFETYBOLT AND CATCH PTY LTD AUDIT AND REVIEWAn in-depth freshen of action wellness and synthetic rubber from within the bolt out And Catch Pty Ltd business. This floor leave behind addition totallyy include a formal WHS audit and recommendations for betterments to various study health and gum elastic aspects of the comp some(prenominal)(prenominal). give nonice (of)ed conducted and written by Edin Jusupovic.Scope of ReportReport ObjectivesThe objectives exit be listed below for this report.Identify doingplace Health and Safety efficacious requirements for Bolt and Catch.Identify all authority hazards in the B C put on the line present.Identify potentiality hazards, assess both associated stake and, in turn, develop appropriate controls for the identified chances additionally picture any responsibilities and set key performance indicators in the form of pass completion dates for a ny actions that ar to be taken.Develop a draft social occasion for identifying hazards, hazard sagacity procedures and controlling any associated encounters.Provide recommendations for ensuring continual respect with any relevant legislations for diddle health and preventive.Conduct an audit of the make believeplace that provide later be used to achieve the outlined report objectives.ParametersThe parameters, otherwise known as limitations or background signal of this report will be outlined below.Limited to the subjects obtained by means of the audit of the report.Parameters limited to the Bolt and Catch business only.ConstraintsAny relevant constraints to the report will be listed below.Any research must be using appropriate legislations that be applicable Australia wide or local (applicable to NSW) and as much(prenominal), must not use other any other states workplace health and safety laws or legislations for the purpose of this report.COMPANY BACKGROUNDBolt and Catch is an ASIC registered copyrighted limited fellowship located in Australia, nakedborn South Wales. The conjunction is a too large manufacturer of gate bolts and hinges with a long reputable history of well over seventy years in the industry.The company provides a variety of manufacturing products tailored for both commercial and agricultural use.staveBolt and Catch mensesly employs 120 population spanning a large variety of company areas. These mental faculty departments include areas such as man ResourcesMarketing and SalesEngineeringTrade and Production Personnel.AREA OF WORKBolt and Catch has a primary area of work in manufacturing gate bolts and hinges. These manufactured goods are then deployed by other businesses for a variety of purposes such as commercial and agricultural use.The company engages in both manufacturing and marketing of the products, alongside sales this is made possible through dedicated departments within the business.The BC risk register can be seen in appurtenance A. This register was obtained through Safe Work Australia canon of practice for portion outment of work health and safety risks, 2011 edition.The BC risk register has several functional components opineHarm as a bequeath of identified hazardLikelihood of hazard occurringLevel of riskEffectiveness of current controlsFurther control requirements and suggestionsControl implementation instructionThe following whitethorn be used in the risk register as identifiersLevel of find rack upCRITICALA luxuriouslyBMEDIUMC depressive disorderDLikelihood ScoringHIGHAMEDIUMBINTERMEDIATECLOWDThe BC risk register is an important audit prick for reviewing the workplace health and safety at Bolt and Catch Pty Ltd. conclusionThe purpose of this document is to create a procedural system for ensuring hazards are identified, assessed based on risk and are controlled to provide effective safety prudence in the Bolt and Catch workplace.IntroductionThrough New South Wales work place health and safety legislation, we identify a PCBU, or otherwise known as a Person Conducting A Business or Undertaking with certain core safety responsibilities under the Work Health and Safety act of 2011. This legislation states that a PCBU must manage risks to health and safety as far as is reasonably practicable. A risk management system involves considering the attentive identification of applicable hazards and providing judging of these risks and hazards followed by the expulsion and removal of any risks in the first occurrence, or, if this is not possible reducing these risks as far as is reasonably practicable.The risk management system is highly recommended for the following reasonsIt is an passing feasible and soft applicable approach and system.Cost effective when compared to similar management systems.Provides a wide range of support for all associated parties including workers, contractors, visitors and any other mountain associated with Bolt and Catch.Allow s Bolt and Catch Pty Ltd to provide the required level of traffic of care to all cater, customers and contractors and, so that the company may meet all necessary legislations pertaining to health and safety.Workplace health and safety hazard identification, sound judgement and potential control is a day-and-night address that must be executed throughout various periods and situations, these can includeWhen new entropy is made available about a risk and/or if issues or concerns are raised about any existing risk.Continuous improvement by ensuring regular reviews at appropriate times in the workplace.The process should be undertaken if it has not been conducted before.The process should be conducted if a hazard has been identified.Undertaken as part of responding to an incident, regardless of whether an distress has or has not occurred.The process should be executed when any changes are introduced and/or any changes that may tinge a hazard or shit a potential new hazard. The scope of this can include any changes in the workplace, equipment, procedures, general purlieu or practices.The procedure outlined below is designed to be an slow applied guide to assist in ensuring the safety for workers, contractors, visitors and any applicable associated parties with Bolts and Catch Pty Ltd. The policy will assist both workers and management, through careful consulting, to comply with workplace health and safety legislation. Recording and bookkeeping of any risk management activities, such as risk assessments and consultation processes will be required.This process will assist inDiscovering any potential new hazards in the workplace.Monitoring, auditing and reviewing the effectiveness of any applied control measures. vista and determining control measures in order to expel or defame the magnitude of any risks in the workplace.Conducting assessments to assess the risks that may potentially result from hazards.DefinitionsThis section will provide clarification f or any definitions in the policy.PCBU A person conducting a business or undertaking (PCBU) is a legal term under WHS laws for individuals, businesses or organizations that are conducting business. A person who performs work for a PCBU is considered a worker.Risk A situation involving exposure to danger.Risk control Risk control is the method by which firms evaluate potential losses and take action to reduce or eliminate such threats.Risk assessment a systematic process of evaluating the potential risks that may be involved in a projected activity or undertaking.Hazard A danger or risk.Hazard identification Hazard identification is a process used to identify possible situations where people may be exposed to injury, illness or disease, the type of injury or illness that may result from these and the way in which work is organized and managed.WHS Occupational safety and health (OSH), also commonly referred to as occupational health and safety (OHS), occupational health, or workplace h ealth and safety (WHS), is a multidisciplinary field concerned with the safety, health, and welfare of people at work.Monitor and review Monitoring and reviewing is a planned part of the risk management process and involves regular checking or surveillance. The results should be recorded and describe externally and internally, as appropriate. The results should also be an input to the review and continuous improvement of the firms risk management framework.ACCOUNTABILITYEnsuring the efficient and effective management of risk requires continual commitment to the process and system from all managers and officers, including any input and involvement of workers or applicable staff.The responsibility of workplace health and safety additionally extends to all management and supervisory staff the scope of their role in WHS is to ensure that this policy, in its entirety, is completely utilise in their areas of potential control and, to consult where possible with workers, contractors an d any other applicable staff as part of undertaking the hazard identification, risk assessment and control process outlined in this policy.A key function area in any WHS policy are officers whom soak up a direct responsibility of safeguarding and ensuring that their area or areas of control are completely compliant with all relevant legislative requirements.Risk Assessment military operationThe bibliography section of this report will provide any references to links, images or resources that find been utilized in production of this WHS report.This page has been left blankAppendix ALocationDateHazardWhat is the harm that the hazard could acquire?What is the likelihood that the harm would occur?What is the level of risk?How effective are the current controls?What further controls are required?How will the controls be implemented?Action byDue DateWhen CompletedSome staff in the press room are failing to wear safety-related equipment.Personal Injury.BBCurrent controls are intermed iate however, not enforced.Further safety training required. surveillance.05/01/201710/01/2017No protective equipment nearly the three new Chinese press machines.Limb loss.Personal Injury.AACurrent controls are poor as the machines lack protection. apply and add safety equipment to machines.05/01/201708/01/2017Noise pollution in progress room, staff shouting to communicate.Prolonged exposure can lead to hearing loss. inability to communicate.CCCurrent controls are very poorly effective.Supervision to minimize risk.Find new communication methodsImplement safety equipment for ears.05/01/201710/01/2017New Chinese presses do not have adequate safety features no head guarding around stamp press.Machine may malfunction, cause serious safety issue.CACurrent controls are extremely poor and nonexistent.Purchase and implement new safety features for the stamp presses.05/01/201707/01/2017 trade Chinese presses do not have English instructions and have text translated by an employee.Misuse of machine as a result of poor instructions.BBCurrent controls are intermediately effective. come certified translated instructions by a translator.Ensure staff review new instructions.05/01/201708/01/2017Sign placement is incorrect start, jog and stop buttons situated out of sight and directly above operators head, outside line of sight.unfitness to shut machine off in event of emergency.Inability to exit controls correctly.Operator(s) hurt or injured.ABCurrent controls in their current state are poor.Placement of signs will need to be travel and adjusted to ensure it is within compliance.Ensure signs can be viewed.05/01/201710/01/2017Fork lift drivers in carpark.High risk for people who shop hotel area may result in accidents.BCThe current controls in place are not existent and poor.Implement signage. take up and development for forklift drivers.05/01/201709/01/2017

Global food retail industry

spherical nutrient sell constancyExective epitomeGlobal f atomic number 18 retail industry has become tightly warring in last few years. In dynamic operating environment, companies contr cloak to understand the competitive nature of the world-wide regimen industry way of life to understand ever-changing consumer p confer wi then(prenominal)ces. They argon making continuous efforts to meet these demands in secernate to secure their positions in the industry. Companies have the catch to fortify collaborative working relationships with s make outholders, the eventual(prenominal) objective of building an streamlined intellectual nourishment dispersal arrangement.Wal-Mart is the world largishst retailer in solid food retail industry. The vocaler-up operates retail stores in diverse formats. It operates to a not bad(p)er extent than 6,000 stores in the United States and in 13 supranational markets. Food retail industry is a highly virtuous market, new entrants wou ld fountain difficulty to become triumphive in this industry. horse barn relationships with suppliers atomic number 18 innate to Wal-Mart ancestry. Wal-Mart is concentering on expanding its ontogenesis line by including demanding increases as well as environmentally friendly harvestings.When analyzing the business of Wal-Mart, they rattling utilize all three of the hard Ss of McKinseys 7S framework in their observe of their goals schema, Systems, mental synthesis. As a retail beau monde, Wal-Mart offers a wide collection of crossship canal to the consumers. the foodstuff items can be placed as Wal-Marts star harvests. Appliance, kitchen tools, furniture, digital products, medicinal drug files and modestw ar ar the cash cows of the partnership. Pharmaceuticals, toys, electronics and health products are Wal-Mart forefront marks. The pictorial matter growing, jewelry and shoe products distri thoed by the caller-up are those that point piteous market share.Wa l-Mart has the stupendousst IT clays of whatever unavowed keep bon ton in the world. It has nock significant investments in generate drawing string management. Wal-Mart Stores aims to capture the market incursion in food that it has hitd in hard and soft line goods. The product schooling team frequently attends trade fancys in Europe and reveal fashion capitals and travels to places globally. Wal-Marts diversification strategy of the 1980s was a great success in terms of tapping and recognizing new market segments. Based from the analysis of the data by appling marketing and strategic models, it is appropriate to recommend that the product and return development strategy be applied by Wal-Mart, considering that these factors serve as the core factors affecting its produce and progress. scheme ontogenesis in the Global Food Retail Supermarket IndustryGlobalization of retail is non an emerging or marrowly new strategy, but a current focus for many another(prenom inal) retailers. Established retailers have recognized that natural developing congruous to a greater extent difficult to sustain in domistic markets, expansion into new markets is a necessary step towards securing future emolumentability. To understand the competitive nature of the global food industry means to understand changing consumer preferences and the food industry efforts to meet these demands. The task of moving food items from the seller to buyer is neat increasingly complex, involving diverse local, national, and global issues.The food retail industry consists of the total revenues generated through supermarkets, hypermarkets, cooperatives, force popers, convenience stores, independent grocers, bakers, and all early(a) retailers of food and drink. sum up chain management (SCM) is the management of heartys, information, technology and funds from the raw material supplier to the consumer. It has become highly critical. It is now essential to a company revenue gen erating activities as it relates to growth, efficiency and customer satisfaction. SCM is critical to a company financial success in terms of revenue, cost and asset productivity. It has the aim to build collaborative working relationships betwixt distributors, retailers, manufacturers, gross sales and marketing agents with the ultimate objective of building an effective food distribution system.The approximately eventful goal of global food retailers and wholesalers is to ensure that the products they sell are safe. They act as the purchase agent for the consumer and the final link in the affix chain. The supermarket food industry continually seeks ways to make the nation food supply safer. perplexity One Globalization in the food retail industrySelected Company Wal-MartWal-Mart Stores (Wal-Mart) is the world largest retailer. The company operates retail stores in various formats. It operates more than 6,000 stores in the US and 13 international markets including the UK, Cana da, Japan, Mexico, Brazil and China. The company retails a broad range of merchandise and receiptss at paltry prices. Wal-Mart operates its business under three business segments Wal-Mart Stores, Sams Club, and the international segment. The company has more than 2,000 retail stores in other countries. The operating formats vary from country to country.strategic Alliances, Merger and Acquisition (MA) activity(WAL-MART IN INDIA)Wal-Mart began looking into doing business in India back in 2005. At that metre Indian government was considering hatchway up foreign direct investment (FDI) to retailers. In November 2006, Wal-Mart beat out Tesco for a joint venture opportunity with Indian mobile services loss leader, Bharti. The causal agency was because Wal-Mart was more flexible about the retail model to be adopted. The company priority seemed to be an early entry, so that the worlds largest retailer did non miss out on the Indian consumer boom. As per the agreement between the two corporate giants, Bharti would manage the front-end of the business, enchantment Wal-Mart would allow care of the supply chain, logistics and other back-end operations.India is a ready and appealing market for Wal-Mart with its growing shopping center class of 250 million and an economic growth rate of nearly 9%. Although the FDI laws of the country are relatively stringent, government officials are not conflicting to engaging foreign businesses in the Indian market. Since the announcement of the Wal-Mart/Bharti JV, iodine jumper lead organization has emerged to represent the interests of the small mom-and-pop stores. This is India FDI Watch and in admission to educating the owners about Wal-Mart, they have held large rallies and demonstrations against Bharti, Wal-Mart, and other big-box retailers. The mom-and-pops have an advantage as they are conveniently located on street corners or in the heart of cities and usually have personal relationships with most consumers. However , they do not carry the variety of goods that larger retailers do.Threat of New Entrants and SubstitutesBeing that the food retail industry is a highly saturated market, new entrants would face difficulty succeeding in this industry. In fact, it is highly difficult for discount retailers to penetrate other markets as Wal-Mart tried to enter Germany and South Korea. The company was unsuccessful and had to pull out because of its unprofitability. Retailers are subject to these obstaclesEconomies of Scale exist of CapitalDistribution ChannelsSubstitute products are products that can be used as replacements for other products to satisfy the same necessity of consumers. Wal-Mart benefits from this desire as discounters have offseter prices than department stores and consumers go for higher theatrical role product with the utmost prices. Wal-Mart is working on providing the best customer service possible but as a high-traffic store, it is generally impossible to depict 1 on one serv ice.Bargaining Power of Suppliers and BuyersStable relationships with suppliers are essential to Wal-Mart business. Without timely roll deliveries, Wal-Mart could not maintain its full shelves and would digest customers. For this reason, the company engages in contractual agreements with its suppliers. This arrangement is beneficial for both parties, as the supplier makes sure it will have constant access to retailers with large market share. This way, suppliers have a guaranteed buyer for the supplies and can arrange peculiar(prenominal) prices.Consumers today are searching for the best deals possible. They are waiting for discounts and sales to bulk up on products. Discount retailers like Wal-Mart are creating capacious supercenter stores because they compliments their stores to become a one-stop trip. clients know what they want and how far they are involuntary to search for the item. Retailers must maintain high inventory levels to contain customers and their market share . Customers traveling a couple of miles to a store want to find the products they need in stock. caput Two Global food retail market dynamicsThe ongoing changes and innovations in global food markets, as well as the trends in different sectors of the food industry, make up a complex dilemma with consumers, producers, and global retailing and manufacturing firms. A growing trend in food markets is the shift in growth of food sales from high-income ( create) countries to rootage gearer income ( create) countries. Despite the shift, per capita commercial sales show wide regional disparities worldwide, though growth in food sales in the developing countries is expected to continue. In anticipation of this growing market, food firms appear to be repositioning themselves and investing in many developing countries.Measures of competitiveness vary at the firm, industry and country level. Competitiveness is influenced by such forces as technological innovations, public institutions, infras tructure incite, firm organizational structure, and government policies. Small food manufacturers face macroeconomic constraints similar to those of large firms, such as exchange rate fluctuations and market access barriers in foreign markets. Retail sector issues centered on the impact of globalization on food retailing in emerging economies, and the impact of changing consumer preferences on food retailing. Although a country may import little(a) food, the impacts of globalization impacts are reflected in its food retail sector.Wal-Mart Profitability detain StrategiesA prominent trend in the retail industry is consumers purchasing less and less. Until about few years ago, consumers depended on credit cards. They did not hesitate to add to their already large debts but now consumers are trying to pay down debts instead. Wal-Mart discount stores, supercenters and wholesaler clubs have well-kept their price leadership strategy known as Save currency live better. This strategy was implemented in year 2008 and is aimed at families with children and meat income consumers trying to save.Wal-Mart is focusing on expanding its product line by including wellness products as well as environmentally friendly products. With the high postal code prices facing consumers and the ideas of eating healthier and natural food, Wal-Mart has stocked products that would appeal to these consumers while maintaining its competitive prices. The company maintains a flexible management musical mode where it is willing to satisfy changing demands. To meet demand, the company must encourage managers to oversee high demand products and drop unpopular product lines that may be a waste of inventory space.Another trend is discounter development of one-on-one labels. To compete with national brands, supermarkets and retailers have developed their own brands with the cooperation of manufacturers. These products are to be pass close tod and sold only in the retailers stores.Net Profi t bound measures how much out of every dollar of sales a company in truth keeps in earnings. A company with high net profit margin indicates that it has better control over its costs. In this category, Wal-Mart outperforms Costco, BJs and industry, but lags female genitalia Target.This table shows that how much Wal-Mart has been successful to invest into food retail facilities in order to secure its future profitability in terms of earnings.Question Three McKinseys 7S framework for identifying core competencies and capabilities, discuss the ability of Wal-MartWhen analyzing the business of Wal-Mart, they actually employ all three of the hard Ss in their pursuit of their goalsStrategySystemsStructureTheir strength in all three of these Ss is probably a big reason why they have been so successful.StrategyWal-Marts boilers suit strategy is to always provide the lowest prices. Additionally, they aim to have a store which provides convenience by allowing consumers to find everything t hey need under one roof.This strategy of convenience with low prices has driven Wal-Mart to be the business leader that it is. Additionally, they plan to continue to expand into markets not yet penetrated by major chains, and some markets that are already saturated, such as New England and California.The other two hard Ss, systems and structure, support this strategy. Also, low prices everyday has become the style and shared values of Wal-Mart. Even the staff is completely committed to providing the lowest possible prices. The skills of workers are in addition geared to finding inefficiencies and towards decreasing prices. The low cost strategy has driven Wal-Mart to do things such as call suppliers collect, do outside(a) with manufacturer representatives at sales meetings, do away with regional offices, etc.SystemsWal-Mart has in place a set of systems that helps it compass its strategy of low prices everyday. The largest and most profitable of these systems is the Information Technology system. Wal-Mart has utilize computers, networking, and the internet to reduce inventories and waste, and speed deliveries. Wal-Mart can connect to their suppliers and transmit them data so they know what Wal-Mart needs and when.The lower inventories allow Wal-Mart to produce inventory turnover rates of around 70% which is really high. Additionally, Wal-Mart has worked with suppliers in order to meliorate their efficiencies in production which they thus pass to Wal-Mart and then to the consumer. Because of Wal-Mart strategy, these reduce costs due to systems allow Wal-Mart to reduce consumers prices. Wal-Mart has streamlined the supply system so well that it would be very hard to find any inefficiency and would be hard for any competitor to beat. Additionally, Wal-Mart has a very efficient human resource system set-up that has both mostly kept employees happy, and resisted unionization. Wal-Mart is the largest private employer and has developed systems to tie raises a nd bonuses to performance. This encourages employees to think of the company and to always do their best.StructureWal-Mart also employs a good structure that works with the systems to empower the low price strategy. Wal-Mart has planned warehouses and integrated them with systems. Additionally, they place their warehouses strategically so that one warehouse can serve many stores. They have developed time schedules so that one truck can service many stores and that after a delivery the truck can take back returned goods to the warehouse. The supercenter architectural plan itself is a structural advantage and strategy that Wal-Mart uses. This design allows consumers to come to a single Wal-Mart store to find everything they need from groceries to gifts to clothes to toys. Wal-Mart has designed an efficient management structure that allows it to eliminate the regional office. This structure alone has saved Wal-Mart millions of dollars a year. When Wal-Mart places stores in strategic locations and drives traffic using convenience and then combines the sales with its systems and structure, people get a highly efficient wad that can cut costs to a bare-minimum which are then passed along to the consumer. If Wal-Mart continues to dominate these three Ss, it will continue to dominate the retail market.Question Four BCG product matrix model, identifying major products of Wal-MartAs a retail company, Wal-Mart offers a wide array of products to the consumers. These include groceries, toys, apparel for women, men and children, jewelry as well as other hard goods all of these product lines are sold at reasonable and generally affordable prices.In order to analyze the operation and performance of the selected products of the company (Wal-Mart), the Boston Consulting assemblage (BCG) Matrix is used. The Boston Consulting Group (BCG) Matrix is a tool developed to assess company business units. Specifically, the BCG Matrix is used to evaluate the business units level of m arket growth and share.The distribution done in this matrix was base on the 2008 revenue study of the company.StarsIn above diagram, the food product items function can be placed as Wal-Marts star product. The report stressed that this served as the top revenue generator of the company, contributing to 22% in the total sales. While this generates the most cash flow, it should also be considered that this product causes the most inventory cost to the company, considering that Wal-Mart has to derive its grocery supplies to tenfold suppliers or companies.Cash cowsOn the other hand, the hard (appliance, kitchen tools, furniture) and soft goods (digital products, music files, software) are the cash cows of the company. Compared to the groceries, the supply chain for these products are less complex. The private-label goods are considered cash cows particularly in the international sector. This is because American brands do not exhibit the same impact or appeal to foreign buyers as wit h foreign consumers. As cash cows, it is essential that Wal-Mart uses these products to generate funds that would support its other business units particularly those reason as stars and read/write head marks.Question marksPharmaceuticals, toys, electronics and health products are Wal-Mart question marks. As indicated in the revenue report, these products may generate sales but not enough to compensate the level of funds required to distribute them. Multiple suppliers and costly inventory make these products the question mark type. For this reason, it is working that Wal-Mart consider limiting the inventory of these products to save on inventory expenses.DogsFinally, the photo development, jewelry and shoe products distributed by the company are those that exhibit low market share as well as growth. Considering the number of alternatives visible(prenominal) in the market with these products, it is indeed difficult for the company to keep these product lines. As certain retailers are focused on distributing these goods, they have more business flexibility than Wal-Mart, allowing them to overcome sales issues.Question Five product life daily round and Ansoff growth matrixProduct life cycleWal-Mart is committed to improving operations, lowering costs and improving customer service. only when the key to retailer Wal-Marts success is its ability to drive costs out of its supply chain and manage it efficiently. Many supply chain experts refer to Wal-Mart as a supply chain-driven company that also has retail stores. Wal-Marts company philosophy (The Wal-Mart Way) is to be at the leading edge of logistics, distribution, transportation, and technology. Wal-Mart has the largest IT systems of any private company in the world. The Wal-Mart business model would fail instantly without its advanced(a) technology and supply chain. Wal-Mart has make significant investments in supply chain management.Ansoff growth matrixAnsoff matrix allows the marketers to look at differ ent ways to grow the business through existing products and markets and new products and markets. Moreover, the matrix is calm of four various strategiesMarket PenetrationWal-Mart Stores aims to capture the market penetration in food that it has achieved in hard and soft line goods. The retail giant, which posts more than a 10% market share in many nonfood categories, plans to rise up its food share through quick supercenter expansions. To achieve their market penetration goals, they believe in three guiding principlesCustomer Value and ServicePartnership with its associatesCommunity involvementProduct DevelopmentWal-Mart product development group influenced the look, feel and variety of merchandise. The product development group headed by strong communicators worked with the buyer for the category and various suppliers to improve the consistency of qualities and sizes of merchandise. The product development team frequently attends trade shows in Europe and key fashion capitals and travels to places globally. The group findings are then on a regular basis presented to merchants, marketers and package designers during the year. Major seasonal trend overview meetings are held for spring and steady down with smaller meetings held for summer and holidays.Market DevelopmentWal-Mart always seek to take advantage of on its international strategy, it is working in the direction of building new retail stores in other countries.They planned to educate activists around the world about Wal-Mart retail development strategies and the company impact on local retail culture. The three major tactics used by the company before to enter a country include skeletal systeming partnerships with local businesses and organizationsWorking with government officialsTapping into the growing middle class purchasing powerDiversificationWal-Marts diversification strategy of the 1980s was a great success in terms of tapping and recognizing new market segments. Sams club was the most successf ul diversification of all at the decade by adopting wholesaling concept. The first Sams Club launched in April 1983. The company, on the other side, opened its first Wal-Mart Supercenter in 1988. It was essentially a complete Wal-Mart discount store with a supermarket added to it. Wal-Mart diversification into new retail formats during the 1980s did more than improve the firm growth in the fundamental areas of retail. Diversification also gave the company the chance to take risks and experiment.Evaluation the Usefulness of Marketing and Strategic ModelsBased from the analysis of the selected company, it is then appropriate to recommend that the product and service development strategy be applied by Wal-Mart, considering that these factors serve as the core factors affecting its growth and progress. With this type of strategy, Wal-Mart can increase its sales by means of modifying or enhancing its existing products and services. This strategy has been recommended as it has the ability to support the company probable to reach greater markets. Wal-Mart has multiple product lines that will be moved(p) by this strategy. With the BCG matrix, it is appropriate that the company starts off the development with its prime product lines. Through this, the company will have sufficient funds to support other relevant activities in the future. However, by means of this strategy, Wal-Mart will be able to strengthen the market position of each of its product divisions, resulting to greater hold to these specific markets.The suggested strategy does not only fit the part of the company and support its future growth but has also been recommended based on the capability of the company to implement it. Wal-Mart has an efficient distribution system which in turn would support this strategy. The culture of the retail company also fits the requirements of this recommendation. Specifically, the company devotes ample time and resources to develop and maintain a practised workforce. W ith productive managers and employees, the delivery of the developed goods of the company will be made possible. As a result, greater satisfaction from the customers will be obtained. refer Sourcestext BooksLynch, R. (2006) Corporate Strategy, Fourth Edition, Financial Times Prentice Hall.Mintzberg, H., Ahlstrand, B. and Lampel, J. (1998) Strategy Safari, Financial Times Prentice HallJohnson, G., Scholes, K. and Whittington, R. (2005) Exploring Corporate Strategy Text and Cases, 7th Edition, Financial Times Prentice Hall.Online Sourceshttp//www.walmart.com/http//walmartstores.com/sites/AnnualReport/2008/docs/wal_mart_annual_report_2008.pdfwww.economist.comwww.metrofoods.net/www.ft.comwww.ers.usda.gov/Briefing/GlobalFoodMarkets/Industrywww.plunkettresearch.com/Industries/

Scramjet Powerplants :: Essays Papers

Scramjet PowerplantsHigher, further, faster, carry more. These have always been the goals of aircraft designers from the very fount of aviation history. Even today engineers and researchers attempt to build aircraft that will be able perform better. Throughout the history of aircraft design, the main limiting federal agent has been the performance of power plants. This is still going on today as we attempt to build engines that allow superior performing aircraft. Scramjet engines offer wholeness potential solution to this problem.By the end of World War II we had the technology to build airframes that would fly higher, go further, faster and carry more, simply there were no power plants available to power such aircraft. With the understructure of the jet engine aircraft took an enormous step forward. Although the jet engine offers a multitude of advantages over jet engines, there argon still limitations. mavin of these is that jet engines have a limited operating speed . A speeds such(prenominal) higher than Mach 3 the turbine engines, with rotating blades and other moving parts are unavailing to stand the stress and pressures associated with high speed flight. Rocket power has been use in some applications. Some of these include experimental aircraft such as the X-15. Rocket power is also used in spacecraft as the main means of propulsion. Rocket powered aircraft must carry a supply of total heat and oxygen. The contendment to carry large supplies of fuel in earnest limits the payload capabilities of the ship. In addition it is cost prohibitive for most operations. commercial transportation is out of the question. Ramjet engines offer some improvements, but are still speed limited. A ramjet engine works in a similar manner to a turbine engine, but there are no moving parts. Instead of using a compressor section to make believe high-density air, the forward speed of the aircraft is used to compress the air. The air is then slowe d to subsonic speed through a reverse venturi. Fuel is ignited and creates campaign is a fashion similar to that of a turbine engine. (Ramjet/Scramjet...)Scramjet is the name given to a supersonic compression ramjet. It operates in a similar manner to a ramjet, however the air passing through the engine maintains supersonic speed. The scramjet uses hydrogen fuel, just like a rocket engine, but is does not require an onboard supply of oxygen.

Lord of the Flies Essay -- Lord of the Flies Essays

Hidden inside every human being is the urge to obide by law and authority and to act civilised, but unknown much deeper is the temptation to resist acting lawfully and resort to savagery. Sometimes, these two impulses conflict with one a nonher and people are confused as to which desire to follow through with. William Goldings Lord of the Flies and tooshie Polsons Hide and Seek are two prime examples that rise the conflict between civilised behaviour and savagery through their characters obliging manners, savage impulses and struggles as they decide who they really are as people.The mind to follow rules and act in a civilised manner is highlighted end-to-end the first four chapters of Lord of the Flies, but is especially perceptible in the boys behaviour when they first arrive on the island. The first chapter, The Sound of the dental plate focuses on Ralphs discovery of the island and his joy at the fact that in that location are No grown-ups (p.12) present and so he can do as he pleases. His companion Piggy however, is obedient to the authority of his home life as he will not run, swim or blow the conch when Ralph does because his aunty told him not to on account of his asthma. (p.13) The repeating of Piggys referral to his aunty and her rules emphasise his conformity. The formation of an assembly, the ruling of Ralph as chief and the creation of rules on the island such as hands up like at school also concur with the social standards of high society and democracy that they had to obide by in England. Jack, representing a figure of authority, leads his chorus who comply with his commands even though they are not at home anymore. The choir belongs to you, of course. (p.31) The choirs great compliance to their leader foreshadows t... ...shouldnt be there, but does not actually tell her to go away. Brutality is also limpid in Emilys actions - while smiling threateningly she destroys a doll infront of the detailed girl. A close-up camera angle is used during this act to reinforce Emilys evil intentions. The characters battle to resolve the conflict between following their congenital instincts and satisfying their ultimate desires to kill is achieved in both texts with the impulses of violence prevailing.From the analytic thinking of the characters actions, words and personalities from the novel Lord of the Flies and the movie Hide and Seek, it is evident that both texts represent the conflict existing between morality and iniquity through their use of the narrative devices of repetition, alliteration and foreshadowing as wholesome as the film techniques of intruding close-up angle shots and manipulative lighting.

Educators Must Make Learning Enjoyable :: Teaching Education Admissions Essays

Educators Must Make Learning Enjoyable As educators we wish to involve the students gain knowledge, through our efforts, and continue to expand their minds using the basics we pass water taught them. In an era when so many outside interests often drove the minds of our impressionable youth, we often wonder how we can accomplish this task. Our society has bend increasingly chaotic in comparison to how it was in my fathers time. With an increase in violence, commercialism, and two working recruits, children today dont have the same structure in their lives as they did in earlier times. This lack of structure, viewed as independence, places the child in a role more similar to that of an adult. There is an expectation that our children leave al ace function as child and the guardian at the same time. Children come in home and frequently no one is there to greet them or remind them of their responsibilities as a student. Many stirs have little or no involvement at all with their childrens education at all. gibe to Rousseau, not being involved or staying passive until the child wants to curb an idea, is the correct method. I hate to say that we get hold of to force a student to learn, but not everyone is self motivated. A student does convey to have some control, but the control gets to be structured. Parents need to be involved. Study habits are not developed hardly at school, they are also developed at home, with the parent supervising the activity. The parent need to allot time periods where the student, or hopefully the student and the parent can sit down and develop thinking skills and communicate their ideas to one another. By teaching children the value of stimulating their minds all the time, not just at school, they will appreciate the knowledge they have gained and will be more alert when learning new ideas. As an educator we need to find ways to make concepts interesting to our students. Think about the teacher who stands in front of the phaseroom and scribbles on the board, completely oblivious to the students seated in the classroom. The bright students may still do well to a lower place these conditions, but the other students often become bored. Is it the responsibility of the students to pay tutelage to the instructor or is it the responsibility of the instructor to pay attention to the class?

Perceptions of Inequality in Arizona Politics :: Essays Papers

Perceptions of Inequality in genus Arizona Politics On November 1912, women won the right to choose in Arizona. This period of time attach a lot of changes for women and administration in Arizona. Women had to struggle against a manlike dominated society that influenced their vote despite their new freedom to vote as they saw fit. The right to vote eventually led to a proliferation of women running for local, state, and national offices. Those running for office faced skepticism some their capabilities as a politician, concern over whether they had the drive, intelligence, and strength to face rase opponents within the political argonna. Despite these obstacles, women have proven to be happy politicians and have infiltrated the ranks of male dominated government systems, both within states and nationwide. Today, women are virtually equal to men as far as their capabilities are concerned, yet are still under-represented in the national political scene. By reviewing a brief history of a few women in politics in Arizona and examining current political themes, a platform is organise that allows an understanding and recognition of the struggles and progression of women in politics today. I. Sharlot lobby open in Arizona Politics One of the first and most storied women to emerge into Arizona politics was Sharlot manor hall. Hall was the only daughter of a pioneer family that arrived in Arizona in 1882. Extremely bright, Hall lead books often and developed a love for writing and free building, an expression that was mocked by her father. Despite her familys misgivings she continued to write poems and stories and was first create at the age of twenty-two. From that moment on her literary flare blossomed. Hall became an expert on writing about the beauty and solitude of the sou-west and was published regularly in the magazine Land of Sunshine (Weston, 543). However, her writings were not her only contribution to her state. At the time, Arizona was still not a state and President Roosevelt suggested that New Mexico and Arizona be declare one territory. Her indignance ignited, Hall wrote a poem about Roosevelts intentions, which was orated on the floor of the U.S. Congress. While her poem likely had little to do with Arizonas subsequent separate statehood in 1912, this event marked Halls entrance into Arizona politics.

Differential Reinforcement Essay -- essays research papers

Differential Rein cartment is defined to occur when expression is reinforced by being either rewarded or punished enchantment interacting with others (Siegel, 2003). With this said, the theory was developed as a way of labeling both positive, as well as negative aspects of individual act. This idea of reinforcement is a branch of the infamous Differential Association theory presented by Edwin H. Sutherland in 1939. Another commonly used term for this theory of reinforcement is called differential conditioning (Siegel, 2003). As mentioned, the vitrines of reinforcement are either positive or negative, and operate on the results of specific iniquitys or random acts. Rewarding behaviors evidently urges such action to be repeated, while punishment often deters those offenders from iterate their same mistakes. Parenting practices, social groups, schools, television, and the community are just a a couple of(prenominal) of the examples that are linked to this theory. According to Ronald Akers (1966), each behavior a person commits is a learned behavior, meaning some type of outside force paved the way to this various knowledge. This theory goes chip in in hand with the ideology that he argued in his studies, but focuses on the after do (or results), rather than prevention or control. This theory does not help stay the effectiveness of deterrence, but it does give us a little perceptiveness on why people decide to engage in flagitious activity. Perhaps the most influential group in shaping mortals behavior is their peer group. Take for example, gang activity. Street gangs, though usually found in highly urbanized areas, still follow and even thrive throughout most of the United States. It is the safe and soundty, security, and power that effects these members with faulty, risky and distant thinking, which usually ends up in some type of negative reinforcement. Guilt is often by association, as well as socialization. Purely, this relationship dominate s the theory of crime as a learned behavior. No one is born with the general knowledge of how to break the law or to simply be criminal by nature, but through brio experiences and perceptions of the events that surround them, the criminal activity is learned. Use the professional art of safe (or vault) cracking, for example. To perform such a trick, one must be taught how to do it. Such information is never provided at birth, or thr... ... strategies to govern the influences these gangs brace on crime and society. Between gangs, youth and WWC/CV (white collar crime/corporate violence), criminologists have their hands full with analyzing the behavior of individuals. When punishments outweigh the pull ahead of criminal activity, most crimes are never actually committed. But if the holy terror of punishment is too weak, or ineffective then proper action is usually avoided and a crime gets committed. Criminologists search for a way to put to work connections by associating these t heories with new cases reported each year. One problem is the taste of police and the lack of crimes actually reported to police. Regardless, it is very easy to curb the truth behind these concepts. For example, thieves that are safecrackers must have been taught to be able to do that trade. However, with the available data and records criminologists do have, there is tons of skeletal out information supporting this theory of DR. Without doubt, differential reinforcement is a two-way street with human activity. One will always dissemble the other and it is up to the individual to reach for the positive, instead of the negative.

Essay --

IntroductionThis document is to develop METIs digital strategy for recruiting, in part because recruiting activities forget be my next mission at METI immediately after my graduation from HKS next year.Looking at the current recruiting tools of METI, I was shocked to see how biased toward analog tools they be, in spite of radical changes occurring in the digital era. For example, METI makes countless phone calls to future students, nevertheless barely send emails to them. METI uses a great deal of posters, flyers and brochures, but does not have a consolidated website or blog for recruitment. METI holds a lot of face-to-face seminars, but does not conduct online sessions. Therefore, inspired by cutting-edge campaign strategies in the United States, I am potently determined to transform METIs recruitment strategy in parallel with the development of digital tools, in order to attract the best and brightest who are able to deal with difficult problems Japan faces, such as thermo nuclear power plants, territorial disputes and cyber terrorisms.In summary, facing widespread public distrustfulness of the Government of Japan and fierce competitions against another(prenominal) attractive ministries and lucrative undercover firms in the field of recruitment, it is critical to take advantage of progressive digital tools in each phase, such as targeted e-mail campaigns, Google Adwords campaigns, blogs, Twitter, Facebook, and Google Hang appears, in crew with existing analog tools, in order to successfully reach out to targeted candidates.The pigment is how to make most of METIs principal assets, distinguished mark and its ambassadors (employees), and how to engage student themselves as co-developers under the principles of Web 2.0.1. People1-1. Nipponese R... ...o still wonder whether they should choose METI or secluded firms due to the personality of policy-making that is not familiar to many of them, it is critical to develop an knowledgeable environmen t where all the member can know each other and discuss policy issues together. Since public policy-making is essentially different from the private sector, the intimate discussion will empower admitted candidates who have already elect to take the difficult examinations and intense interviews to be more confident round their first career.ConclusionBy combining existing tools with digital tools effectively, METI will be successful in attracting, engaging and hiring high-quality students. It is important to note that the key is always how to utilize METIs primary assets, METIs distinguished stigmatise and its ambassadors, and how to engage students themselves as co-developers.

Self: Plunging into the Other Side of the Mirror Essay -- Self Conscio

Self Plunging into the Other Side of the MirrorOnly in a mirror do we find ourselves. We cannot do it when we are apart, distanced, from who and what we are we convey to see our shapes, our selves, in the way we cannot see ourselves subjectively. But still, the glass plays with us, contorting and distorting, stock-still if it is nothing to a greater extent than a straightforward, honest reflection. It is our minds which are the true lenses. wherefore do we feel this compunction throughout the ages to look at our cause reflections? It is inbred into us it begins at such a tender age, this irresistible impulse with oneself. I never really took much notice of it while I was young, partly because I myself was never overly concerned with my appearance, and partly because my extension was not so image-conscious. However, as the years suck in passed, I have gr admit into an awareness of this larger societal issue, watching as more and more pre-teen lady friends doll themselves up in ti ght jeans, baby T-shirts and glitzy make-up. exchangeable observing the gorillas in the mist, I watch as these girls preen and pluck, snap themselves over and over in their compacts and handheld mirrors, readjust their clothes and refashion their hair. It is, from a clinical viewpoint, disturbing.I doubt any of those girls remember the low time they ever saw their reflections in mirrors. If they even did, I only doubt that they would make anything of it, ponder its repercussions, question the greater impact of this original awakening. It is not an emotional, sexual, or intellectual awakening, no it is a subtle and classic transition from the world of the oblivious to the waking world of self-consciousness.As a very young child, I looked for myself in any reflective out I could find. I would cra... ...ingle noticeable change.My roommates constantly voice their bewilderment at these frequent self-deprecations of mine. It is probably tiring for them to have to reassure me, tim e and again, just now I have fed for too extensive on my own seeds of hatred and regret now, like Persephone, I am drawn into that underworld, befuddled within its dark corners. I am me, I do gain that. But when I look at my other self, that frowning, miserable girl in the mirror, I cannot yet see what Walker saw in herself. However, I no longer look for myself in the mirror, not truly. Yes, it is a starting place, like the very last step to the top of the richly dive. But I still have those five very long feet to walk before I can dive off into that almost vast of mirrors, and I want to be able to enjoy that shimmering and shine last look at myself before I plunge, deeply and honestly, into my self.

Lessons from The Piano Lesson by August Wilson Essay -- The Piano Less

What should one do with their legacy, and how should it be put to mapping? In the play The Piano Lesson, the Charles family faces this question, and struggles to find the answer. The familys legacy is in the form of a piano. On the piano are carvings of their ancestors. The two chief(prenominal) characters that are having a conflict over the piano are Berniece and male child Willie. boy Willie wants to sell the piano so he can affix the proceeds of the sale to the proceeds of selling watermelons and barter for some land from Sutter. Berniece doesnt want to sell the piano because it holds the memories and riptide that stains its wood (Gale, 2000, p255). She refuses to play the piano and stay ons its history from her daughter in tutelage of calling up the spirits that might lie within the piano. The chief(prenominal) symbol of the play is the 137-year-old piano, an object that holds a key to the family history. It takes on a number of meanings through the course of its life . It was carved to make Miss Ophelia happy, the pianos woody figures indicate the interchangeable nature of slavery. As Doaker notes, who is Berniece and Boy willies uncle, immediately she had her piano and her niggers too. (ACT I, p741) The slave is the masters gift and accessory. The piano visibly records the lost lives of Berniece and Boy Willies ancestors, and it is the only tangible link remaining between aside and present (Galens 2000). The piano also becomes a symbolic attempt to keep the family together. It is also then the physical record of the familys history. Boy Charles especially understands the carvings as narrative. As Doaker recalls say it was the story of our whole family and as long as Sutter had it he had us. Say we was still in slavery. (Act I, p741)It might appear as if Be... ...ing ones legacy is answered so simply. The living draw strength from the ghosts of the past and the ghosts serve to the living because they speak from that very place. Works Cited Magills Survey of American Literature, Revised Edition 2007 by Salem Press, Inc.http//search.ebscohost.com/login.aspx?direct=true&db=lfh&AN=MOL9830000328&site=lrc-liveSparkNotes Editors. SparkNote on The Piano Lesson. SparkNotes.com. SparkNotes LLC. n.d.. Web. 1 Dec. 2014.The Piano Lesson. Drama for Students. Ed. David M. Galens. Vol. 7. Detroit Gale, 2000. 243-262. Gale realistic Reference Library. Web. 7 Dec. 2014. http//go.galegroup.com/ps/i.do?&id=GALE%7CCX2693200025&v=2.1&u=bali98452&it=r&p=GVRL&sw=wWilson, August. The Piano Lesson. Booth, Hunter, and Mays. The Norton Introductionto Literature. Portable ed. New York Norton, 2006, p716-778.