Models for Interest Rate Risk Essay

Interest risk is the possibility of unexpected adverse changes in interest revenues and expenses. It can be shown that interest rate changes are unpredictable almost 100%. They depend on monetary policy; supply and demand, inflation etc. These in turn depend on many other factors. So how do financial institutions manage the risk of fluctuating interest rates give that they cannot predict it? The immunization of a portfolio against interest rate risk means that the portfolio will neither gain nor lose value if interest rates change. In this essay we will look at some of the different models used by financial institutions for managing interest rate risk. They are the re-pricing model, the maturity model and the duration model. We will describe them and evaluate the comparative advantages and disadvantages each model assumes. Firstly we consider the re-pricing model. It is a balance sheet where assets and liabilities are grouped according to the time periods in which the different assets and liabilities are rate sensitive. Assets or liabilities are rate sensitive within a given time period if the values of each are subject to receiving a different interest rate should market rates change. These groupings are referred to as ‘maturity buckets’. Then ‘Gap analysis’ is conducted where the rate sensitive liabilities are subtracted from rate sensitive assets for each maturity bucket. This is called the GAP. It can be shown that GAP * interest change = net interest income (or profit) change or the interest margin. We can also calculate the cumulative gap(CGAP) by adding up the gaps in the brackets over a period of time, for example 1 year.

Understanding Satire Worksheet Essay

Part A: Twain and McCullough Provide supporting evidence from the texts to support your responses to these questions. All answers should be in the form of complete sentences. 1. What is the issue Twain is satirizing? That children blindly follow tradition and don’t think for themselves. 2. What techniques does Twain use to create his satire? sarcasm, so that he can assume the role of an elder in society 3. What is the issue McCullough is satirizing? The fact that all children are pampered and are not truly special in any way. 4. What techniques does McCullough use to create his satire? He uses wit to explain what makes something special. 5. How effectively do the techniques used communicate Twain’s position? It effectively allows Twain to create a different persona makes his statement more agreeable 6. How effectively do the techniques used communicate McCullough’s position? They work well because it allows him to explain that if everyone is special then nobody is. 7. How are the messages communicated by Twain and McCullough similar? They are both trying to make a point to the same type of audience and because of this they take a similar approach by explaining how and what they have been taught. 8. Which message could you relate to more? Explain why in a minimum of three sentences. I think I could relate to McCullough’s argument because I feel like I have always shared his point of view and got annoyed when my parents would treat my siblings like they were one of a kind and so special when it that was far from the truth. Look more:  satire mark twain essay Part B: Search for Satire Use the guided analysis exercises within the lesson as a model for this part of the assignment. 1. Locate an example of satire. Copy and paste it here, making sure to note the source where you found it in a proper citation. Writethinker, Feb 25, 2013. 2. What is human institution or human weakness is being satirized in this piece? The way our society values athletes who work for entertainment versus people who have more important jobs. 3. Identify and explain the types of humor devices used to create the satire. It is reversing the roles of a low paying government worker and an extremely overpaid athlete. This is a form  of irony 4. How effectively do the techniques used communicate the creator’s position? They communicate the point well because it uses syntax in a way that makes being an athlete sound like a very overrated practice. 5. Evaluate the overall effectiveness of the satire. Explain your reasoning in a minimum of three sentences. The satire is very effective. This form of satire uses irony to reverse the roles of two professions. The reason this is effective is because it makes the viewer think about what the two roles actually do and whether or not they deserve the pay they get.

Censoring Pleas for Help Essay Example for Free

Censoring Pleas for Help Essay In Dwight Lee’s essay, â€Å"Censoring Pleas for Help,† the Georgia-based economics professor notes the strange contradiction between popular opposition to censorship and widespread support of price controls. Lee’s primary contention with this political dissonance is that it is not only ethically inconsistent, but reflects an oversight of how markets help communicate economic needs, particularly with regards to the sudden needs which emerge in the wake of natural disasters. Much of the support for price controls stems from fear of â€Å"price gouging,† which is essentially occurs when suppliers attempt to take advantage of sudden demand by raising prices to maximize profit during the period of demand. Lee notes that in his home state, there exists a price gouging law which is designed to prevent such a situation from happening by forbidding suppliers from charging more for their goods than they did the day before a disaster strikes. Lee notes that: â€Å"[†¦] building contractors and construction supplies from several states had poured into Atlanta immediately after it suffered massive tornado damage. Can anyone seriously believe that this help would have poured in from far away if the â€Å"price gouging† law had been perfectly enforced, or that the help was not reduced by the enforcement that had occurred?† (Lee 1999) The crux of Lee’s argument is that price controls are essentially a form of economic censorship which restricts the ability of prices to communicate market demands. To that end, he argues that prices are better understood as the most efficient means by which markets, such as disaster victims, communicate their need for help in the form of resources and supplies. This is not to devalue the contributions and assistance that some have provided for free, but the economic distinction made above between humanitarian aid and supply-demand response is not a trivial one. While those who provide supplies for free are to be commended, it is important to recognize the potential mistake in relying on altruism and humanitarian sensitivity as the primary forces driving resource redistribution. Such a view presumes that humanitarian aid is an objective force that responds to the needs of disaster victims efficiently. In effect, Lee’s argument is that while high prices should not be raised to wildly disproportionate levels,   allowing them to fluctuate free of price controls ensures that they can communicate needs more efficiently, for â€Å"high prices [†¦] insure that pleas for help will be met with a quick and effective response.† Complementary to his point, Lee observes that price controls censor this economic communication and effectively disrupt the ability of customers to express their needs. He notes that in Charleston, price controls prevented a local hardware store from legally being able to sell generators at a higher price nor could the locals communicate their demand to outside suppliers of generators. The result was that one hardware store owner sold one of only two generators in his possession to a friend, at the expense of groceries with a greater demand in the form of thousands of dollars worth of food that needed refrigeration. Simply put, humanitarian aid relies on the initiative of those with the resources and the sense of philanthropy to contribute to disaster relief, which is all well and good, but does not compare to the efficacy of free moving prices in expressing the demands that emerge in the wake of a natural disaster. As far as economics are concerned, price controls merely censor the ability of these sudden emergent markets to communicate those demands. Lee, Dwight R. â€Å"Censoring Pleas for Help.† The Freeman, January 1999. Retrieved online on February 25, 2009 from: http://www.thefreemanonline.org/columns/censoring-pleas-for-help/ Censoring Pleas for Help. (2017, Jan 13).

Group reference Essay Example | Topics and Well Written Essays - 750 words - 1

Group reference - Essay Example Social networking is also a very large method for companies to promote their products since people in group-oriented cultures value the wisdom that social networking sites and blogs can provide. It is an effective method of promoting word of mouth since Chapter 11 described this as a very important element of changing or improving buyer behavior. It has influence on 2/3 of all sales and therefore should be recognized as providing excellent marketing and advertising opportunities for many businesses in the UAE. The Internet is widely used in this country and provides a forum for success. When comparing the readings from the two chapters about social stratification and buyer behavior related to reference groups, Carrefour and Lulu hypermarkets have mixed results in terms of self-promotion and the forums where they advertise. Ameinfo.com (2000) identifies that these firms are often reluctant to address different media sources about their business strategies and success. This makes it di fficult to predict the type of strategic focus that these hypermarkets have and how they will change buyer attitudes especially when they are seeking information from knowledge sources of power. The UAE has very group-oriented values and therefore rely on reference groups to help them make product decisions. Unlike other countries such as the United States and the UK that actively use media press releases to promote their products and business strategies, these hypermarkets are not taking advantage of the word of mouth potential that such media sources provide. Therefore, in the UAE, in relation to the hypermarket concept stores, certain social classes must rely on their own experiences to decide whether to continue to patronize the stores. This is a limitation for the hypermarkets in many ways for not taking advantage of the advantages of media sources. At the same time, the social class status of buyers is mixed in the UAE and makes it difficult to target them. There are four dist inct social classes of buyers in the UAE: Those with immense wealth and political power, the business class, the middle class with moderate income levels, and lower-income households who work in service industries (Omair, 2010, p.123). With such a mixed variety of consumers, it would be necessary to understand whether social mobility is occurring through infrastructure development or jobs creation to determine whether buying attitudes and behaviors would change over the long-term. This again makes it difficult for the hypermarkets to promote their products effectively and develop a long-term strategy for marketing success. The UAE is also experiencing a recession much like the rest of the globe and global commodity prices are increasing. To combat this, the UAE is fixing the prices at the political level for different food products and other household products as a short-term strategy to prevent inflation (a1saudiarabia.com, 2011). This is going to impact the buying behavior of many different social classes at a time when value and pricing are considerable motivators for buying behavior. These efforts are being done in an environment that will directly impact the hypermarket stores of Carrefour and Lulu since this is the bulk of their total product variety. Pricing will definitely

Film analysis Essay Example | Topics and Well Written Essays - 1500 words - 2

Film analysis - Essay Example Salieri, being a serious man and a serious composer cannot abide the thought that this unserious young man was given a gift that he, Salieri, was not. Thus, Salieri becomes all-consumed with envy. Historical evidence indicates that Salieri was extremely envious of Mozart, just as the film depicts. Salieris enmity towards Mozart is explained as the fact that Mozart was able to, with great success, set an opera, the Cosi fan tutte, that Salieri had failed to set and é  he great success of Mozart in accomplishing what he [Salieri] could make nothing of is supposed to have been the first origin of his enmity and malice towards Mozart.(Landon, 1988, p. 156). Salieri also was jealous because his own pieces were ç” °ommonplace and of course in no way comparable to Mozart,and that it only took a generation for Salieris music to die out. (Landon, 1988, p. 173) At Mozarts funeral, Salieri was alleged to have said to a companion that it was åŠ ªell for us that he is dead. For had he lived longer, verily, the world would not have given us another bit of bread for our compositions!(Thayer, 1989, p. 134). This shows that Salieri believed that Mozart overshadowed him, and that, if M ozart had lived further, Salieri would have fallen into obscurity. Once again turning to the films portrayal of the relationship between the two men, Salieri, because of the unfairness that Mozart was given a gift that was denied Salieri, Salieri renounces God, then sets to destroying Mozart any way he can. Salieri sets up Mozarts wife, Constanze to come to his palace, with the ruse that she must have sex with him in order for Mozart to get a job teaching music to a young debutante. When young Constanze appears in the palace and proceeds to undress, he throws her out, humiliating her. He undermines Mozarts reputation with the Emperor at every turn. He sends in a spy to report

Sx-wk11 Essay Example | Topics and Well Written Essays - 500 words

Sx-wk11 - Essay Example EFT has nine steps that couples are led through and each one builds upon the other. There needs to be more multicultural research in this area to find out how EFT will work with a variety of couples. All of these challenges will prevent a couple from having a satisfying, enriching and intimate sexual relationship. As Humphrey (2007) stated, couples who are attached securely to themselves and other people will be better able to commit to each other within their couple relationship. Personally, I felt that attachment theory is very relevant to all types of relationships because people have to understand how to get close with each other if they want to move into sexual relationships. I think that attachments start by becoming friends and learning about each other. As the relationship progresses, if both individuals have formed secure attachments in their earlier relationships, a sexual relationship will happen easily and when it is time. Older people have always been an interesting aspect of my interest. Generally, they seem to be very active and very much alive. I have seen many elderly people who are still very active sexually. I think that although they may have physical problems, they do not have to stop living their lives. I agree that we need to "develop effective and safe treatments for these sexual problems". One of the challenges with this I believe is that there are many stereotyped ideas that people have regarding how people are when they are older. Many facilities that have older people will deny that they are sexually active; in fact, many discourage this activity. However, people in close quarters do fall in love just like anyone else and they should be allowed to have sex naturally in the way they would if they were living at home. I agree that mental healthcare professionals and healthcare personnel should make

Global education and citizenship Essay Example | Topics and Well Written Essays - 4000 words

Global education and citizenship - Essay Example Plato’s belief that talent was distributed non-genetically and thus is present in all children; therefore children should be trained by the state so that they may be qualified to resume the role of the ruling class in a state. Education as defined today is the organized teaching of a particular curriculum to students. â€Å"Education is the application of pedagogy, a body of theoretical and applied research to teaching and learning. It draws on other disciplines such as psychology, philosophy, computer science, linguistics, neuroscience, sociology and anthropology.† [1] The earliest written piece of evidence found on the rights of children is a statement made by Thomas Spence in his famous book ‘The Rights of Infants†, published in 1796. Earlier than this period emphasis was only laid of the importance of education and no specifications were laid. While in the USA child rights movement was not born till 1800 with the concept of the â€Å"Orphan Train†; this special train was run of orphan children who used to work. It was not until 1853 that the first Children’s Aid Society was founded; who gave street children homes. There was very little and slow process on the movements for the rights of the children as this gave the world cheap labor and nor did the masters have to give any additional benefits. Various movements, committees and constitutional amendments were seen before the first effective step for the promotion of child rights was taken. After the Human Rights resolution was unanimously adapted on 8th March 1989, the commission decided that children around the world require special consideration and protection. It was decided that a draft convention on the rights of children would be adapted. This would define who fall under the category of a child; plans for continuous improvement of the situation of children all over the world would be drafted and acted upon. Convention on the Rights of

Gender Studies about the family Essay Example | Topics and Well Written Essays - 500 words

Gender Studies about the family - Essay Example tion, on the other hand, depends on the ability of the other to  acquire  the most  excellent  species  or the higher number of mates basing on the degree of  difference  in reproduction (Marlene 8).  Birds with longer tails  illustrate  sexual  selection  as they attract more females contrast to the ones with shorter tails despite their risk as an easy  target  prey  and  hardship  in flying.  Females tend to  differentiate  the  little  differences amongst the mates and they prefer to mate with individuals who posses exaggerated behavior. These characters also  aid  in their survival (Marlene 9). Biologically, people might  deny  the differences of structure composition and hormones among men and women; they differ on the significance for gender values and qualities regarding the differences. Organization in the brain has also been used to determine the sex difference as in the case where females are more  superior  in  their verbal skills than men, because woman are  dominant  in the left-brain while men are better in the  image  and spatial skills because of their right  brain  dominance.  The physical differences between males and females  bring  about the  division  whereby men are more aggressive than women and have stronger muscles while females have  a better adapted pelvis  for childbearing.  Men’s aggressiveness helps them in their social life because it acts as a defensive mechanism. Parenting  is profoundly based  on gender. This is because being a father, or a mother means different things to the parents. In the act of preference, gender  is illustrated  by the issue of how men treat their sons and daughters with difference. The importance of a man relating to a woman is  essential  because it helps both parties  evaluate  whether they are a family man or a  wife. In parenting, labor  division  is  dominant  because men engage in public  category  of working hard to  support  the family while women, on the other hand, fall in the category of child

ECONOMICS FOR BUSINESS DECISIONS Essay Example | Topics and Well Written Essays - 750 words

ECONOMICS FOR BUSINESS DECISIONS - Essay Example This step will open the doors of new ecommerce marketplaces as well as improve the market efficiency of the company. Disintermediation – The utilization of ecommerce marketplaces and elimination of intermediary elements of the preexisting value chain is disintermediation and disintermediation offers reduced sales as well as procurement costs for company as well as costumers (Booz, Allen 6). It also speeds up the whole process. CPC is now well established company and has a good value in B2B ecommerce marketplaces. Since, it has figured out and implemented all the necessary steps that are discovered by Booz-Allen during their research this company now has achieved great value parameters. But now the company has the challenge to sustain its value in coming time and for maintain its current value CPC should have to continuously work on its online visibility and its online ecommerce platform. While analyzing the website of the company we can say that CPC should pay some more attention to its website and discover new marketplaces. It will definitely increase its value. So, there are always the chances that a company can increase its current value. a) Suppose you are in this situation only once. You and your competitor have to announce your individual outputs at the same time. You expect your competitor to choose the Nash equilibrium strategy. How much will you choose to produce and what is your expected profit? Because there exists a symmetry (for own as well as competitor’s firm), in equilibrium condition both the outputs will exhibit same value. Hence we can substitute Qj with Qi* (James Brickley,  Clifford Smith,  Jerold Zimmerman 9-8). Combined output = 40 (given) hence tag price = 20 and profit = 400, for both of the firms. The analysis given here reveals that we should choose to produce 20 entities given that our competitor is following Nash

The Whistleblower Protection Act Essay Example for Free

The Whistleblower Protection Act Essay The Whistleblower Protection Act was designed to provide legal safety measures to individuals occupying positions in the federal government who reveal questionable and unlawful operations within the government agencies.   The Act thus shelters the employee that has disclosed the information so that he will remain protected from any biased actions that may be executed by his superiors in that particular government agency.   This protection is a special precautionary measure that is well compensated in order to maintain the employee status of truthfully reporting the illegal activities that should be investigated by the government. The Whistleblower Protection Act was drafted to include four approaches to activate protection as a whistleblower.   Firstly, the employee who wishes to disclose a questionable operation of another member of the government agency may file an appeal to the Merit Systems Protection Board of his particular agency.   Another approach may be to request for the protection from the special counsel of the government agency. Protection may also be requested through the appeal for individual protection per se.   An employee may also request for whistleblower protection through grievance procedures, wherein the employee reports the grievances and hardships he experiences after he discloses information regarding the illegal operations that he has observed within the government agency.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The Whistleblower Protection Act was carefully designed so that not every employee that reports an incident will be immediately protected based on the features of the Act.   Such careful implementation of the protection act was established because it is important that only deserving individuals are provided with the protection that is needed and not all individuals who express their â€Å"concern† over an activity will be safeguarded from any associated reactions that may be given by the employee that is being reported (Wilmot, 2000). The Whistleblower Protection Act is therefore established to proceed initially with an investigation regarding the disclosure that was submitted by an employee.   In addition, the disclosure should be properly endorsed by the head of the office where the employee is working for.   Should this endorsement be absent, the Whistleblower Protection Act will not be implemented.    The present Whistleblower Protection Act is thus available to all federal employees, both those in active duty and those who have retired or resigned, and even those employees who are in the higher positions.   A few positions in the federal government, such as those involved in making agency policies, are not covered by the Whistleblower Protection Act, as well as those employees working at the postal office and the Central Intelligence Agency.   The employees of the Federal Bureau of Investigation are also not provided with the features of the Whistleblower Protection Act.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A revelation that is presented by an employee should be evaluated to be of substantial information that is well-proven to positively violate the laws and policies of the government agency.   Any violation may be associated with the wrongful management of the government agency or a substantial squandering of government funds.   In addition, any misuse of an official of his powers over the government agency may also be considered as disclosed information by which may activate the Whistleblower Protection Act and be implemented to protect the employee that has disclosed the violation. Other issues that are deemed worthy of activating the protection act may include any information that may cause harm to the general public, such as safety and sickness.   Once the disclosure has been submitted by the concerned employee to his supervisor, this report should be submitted to the head of the government agency.   As soon as this disclosure report is submitted to the head of the government agency, the Whistleblower Protection Act should be discussed with the employee who has reported the violation of another employee.   The features of the protection act should be comprehensively explained so that the employee will understand how the protection act works.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The Whistleblower Protection Act was also designed in order to amend an earlier act which was known as the Civil Service Reform Act.   The amendment was based on the modification of the term disclosure in the older reform act and this was replaced by the newer protection act that pertains to any type of report so that employees may have the liberty to report any misuse and abuse of authority within the government agency.   The protection act was also devised to prevent any forms of hindrance that would inhibit the employee from his disclosure of the information he knows with regards to the illegal activities that he observes within the government agency.    There are only a very few cases wherein the Whistleblower Protection Act was not provided to an employee who, after thorough investigation by the appropriate review of the government agency, has discovered that the disclosure that the employee was submitting was based on his goal of acquiring personal gain and benefit.   It is thus important that a meticulous and detailed investigation of the disclosure be performed first before any other measure is performed.   Should the review committee find that the disclosure of the employee does not serve any beneficial purpose but for the employee’s personal gain alone, subsequent actions and the corresponding implementation of the Whistleblower Protection Act will not be exercised.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The Whistleblower Protection Act has also experienced a few issues with regards to the technicalities of its design and implementation.   One of the most reviewed and discussed technical issue about the protection act is the phrase â€Å"any disclosure.†Ã‚   The word â€Å"any† was intentionally included in the definitions of the protection act in order to include all forms of reports and does not prematurely filter any disclosures and this has been designed in order to collect as much reports as may be submitted.    The selection and review of the reports are thus handled by the review committee which is mandated to thoroughly study all reports and disclosures that are submitted to them.   The main basis for identification of a valuable disclosure that is submitted by an employee is the fact that the disclosure shows equitable certainty that a mismanagement or abuse of authority or operation is occurring within the government agency. Equitable certainty of the disclosed information is mainly based on the good faith that is shown by the employee reporting the incident.   The Whistleblower Protection Act is also designed wherein an employee may report to any of his superior officials within the government agency, allowing freedom for the employee to report the information he carries with trust and confidentiality.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It should be understood that the Whistleblower Protection Act will only be implemented if the employee is reporting a specific gross mismanagement or misuse of authority by another individual in the government agency.   Should the review committee find that the employee is only disclosing an insignificant amount of questionable activities, the review committee will then provide ample time for the employee to gather more information about the other employee being reported and at the same time will monitor the actions being executed by the employee being reported. Should there be a new additional report regarding the questionable employee, the disclosing employee will immediately be given protection from any probable harm that he may experience during his occupation at the government agency.   The information being disclosed will also be made confidential within the government agency because this secured information will affect the condition of the employee within his workplace (White, 2006). Protection to the employee may include the prevention of any actions that are associated with his position, including any reassignment to another office, termination and even promotion to a higher position.   Such changes in the position of the employee who has disclosed any information on the mismanagement or misuse of another employee is thus unlawful and should be protected by the Whistleblower Protection Act.    References White SM (2006):   Confidentiality, no blame culture and whistleblowing, non-physician practice and accountability. Best Pract. Res. Clin. Anaesthesiol.   20(4):525-43. Wilmot S (2000):   Nurses and whistleblowing: The ethical issues.   J. Adv. Nurs.   32(5):1051-7.

Potential ranges of consequences of a development failure Essay Example for Free

Potential ranges of consequences of a development failure Essay The concept of society and culture has a long history associated with it, similar to the most other aspects of social science. The culture has always progressively developed with time, and is an indication of â€Å"improvement†. However, there have been doubts with the quality of the progress, and how has the so-called development helped in evolving the culture into a successful social structure. There is a school of thought that believes that development of societies and culture has only resulted in failure. The failed development has had quite adverse consequences over the society too. Success or failure of a project is dependent on the policies taken towards the process of development. In today’s world where most development projects are government initiatives with political motives, the word â€Å"development† can be often associated with failure, keeping in mind the complete social structure and culture of the particular region. In the book, â€Å"Whose Development? An Ethnography of Aid† the authors Emma Crewe and Elizabeth Harrison raise the ultimate question in the very first line: â€Å"Is development a failure? † If the third world countries, especially in Asia and Africa, are considered, the development projects had been undertaken over fifty years ago, and yet there is poverty, hunger and lack of education every where. So, the question that automatically comes up is how development has affected the people in half a century? The so-called development projects have only made the rich nations richer, and the poor poorer. Crewe and Harrison also believes that the success or failure of a development depends upon the gap between the project plans, and their final outcomes. Often, the field staff has not always been able to implement the plans accordingly, resulting in the failure of the overall project. However, going deeper into the issues of field workers, Crewe and Harrison feels that it the opportunities and limitations provided by the society and the staffing organization, that influences the choices or decisions taken by the field staffs. This in turn influences the worker’s field-level activity and thus development failure can stem from the lack of attention to the field-level workers. According to them, the bureaucratic approach to implementation of the project leads to such development failures, and often results in increased power imbalances, and a predetermined section of the society will rise up to take control and would discourage any flexibility in the society. On the other hand, James Ferguson takes another approach to the development failures, where he particularly documents the failure of the Lesotho project. The project, which started off as a â€Å"livestock project† grew in magnitude with time, and soon the plan was to develop a new society out of the mountainous region, with means of arable agriculture in the mountains. Eventually, the whole â€Å"development† project failed. The author attributes this failure to the lack of a common purpose. The plans grew in stature but it diverted from the original purpose. This lack of understanding between the government and the development officials led to the failure of the project. The main aim of the project should have been to maintain the livestock without much of human intervention. However, with foreign aids coming in for the project, the evil intentions of the government surfaced, and a complete social transformation was planned. The author feels that the foreign aids led to the eventual consequence of the failed project. After ten years of commitment, the costly project did nothing to enhance the living standards of the people in the region, and it is claimed that the quality of village life has actually declined as a result of the pullout of the project. The project might not have done any good to the people, but the roads that were made during the implementation helped the Lesotho government in gaining a stronger position in the region. The case of Rwanda genocide provides an insight on the consequences of development failures. Peter Uvin, author of the book â€Å"Aiding Violence: The Development Enterprise in Rwanda† documents the reasons that led to the eventual genocide, and how it was the result of irresponsible actions of aid providing institutions. The World Bank and International Monetary Fund (IMF) had kept on providing funds and aids to the government of Rwanda without any investigation of the social situation in the nation. Over the years, the aid had kept increasing, and finally resulted in the government-sponsored genocide of the Tutsi by the Hutus. The author feels that the aid given by the institutions promoted violence in the region. The basic aim was to help in the development of the African region, but the purpose was not sufficient enough, as the aiding institutions should have looked deeper into the social and cultural trends of the society. The institutions failed to implement their development plans properly, which not only led to a development failure, but also gave rise to a catastrophic disaster, which took away 500,000 lives approximately. This is also the largest genocide incident registered in the history, and it is quite alarming to see how the failure of a â€Å"development† project could lead to such a destruction of society and culture. Mary B. Anderson, in her book â€Å"Do No Harm: How Aid Can Support Peace-or War† presents a similar approach as Peter Uvin, where she provides an insight on how international assistance can become a factor in a conflict-affected area. According to her, outside help, aimed at development of a certain region, can either be helpful in resolving a conflict or prolong the conflict by helping a particular group involved in the conflict. Anderson believes that it is not possible for international assistance to remain separate from the conflict. Most assistance is given with the purpose of reducing tensions in conflict settings, and helps the region to develop. However, these development initiatives can turn into a failure, which would mean that the aid is actually reinforcing the conflict in the region. She urges to aid providers to take a step back, and look closely how the aid might have a negative effect on the conflict. The impact that is created by the aids often decides the success and failure of its developmental purpose. If the impact is destructive, the conflict increases, and leads to war instead of the desired peace. Through these four books, the authors provide a similar aspect to the cause of development failure: external aid. In spite of the fact that external aid is mostly essential for development to take place, it is also important to carry on the implementation in a proper way. While Crewe, Harrison and Anderson specify the general effects of such development failures, Ferguson and Uvin has presented similar views with the help of specific development failure cases. The instances given in all the four books maintain the importance of local aspects while planning a development project for a particular region. The social, political and economic trends are to be studied carefully before implementing a development idea. The consequences are mostly devastating, and reach out to the society and often result in power imbalance and discrimination. References Crewe, Emma Harrison, Elizabeth. Whose Development? An Ethnography of Aid. London: Zed Books Ferguson, James 1994. The Anti-Politics Machine: Development, DePoliticization, and Bureaucratic Power in Lesotho. Minneapolis, MN: University of Minnesota Press. Uvin, Peter 1998. Aiding Violence: The Development Enterprise in Rwanda. Bloomfield, CT: Kumarian Press Anderson, M. 1999. Do No Harm: How Aid Can Support Peace-or War. London: Lynne Rienner Coletta, Amy. Book review on Aiding Violence: The Development Enterprise in Rwanda. Praxis: Fletcher Journal of Development Studies A. M. Hassan, Fareed. Lesetho. African Development Bank: Operations Evaluation Department. O’Reilly, Kathleen. Responding to Intervention: Gender, Knowledge and Authority.

The Current Positioning Of PepsiCo

The Current Positioning Of PepsiCo Pepsi International is a world renowned brand. It is a very well organized multinational company, which operates almost all over the world. They produce, one of best carbonated drinks in the world. Pepsi is a symbol of hygiene, quality and service, all over the world. Pepsi is producing Cola for more than 100 years and it has dominated the world market for a long time. Its head office is in New York. PepsiCo is the second largest food and beverage company in the world. It manufactures markets and sells a variety of salty, sweet and grain-based snacks, carbonated and non-carbonated beverages PepsiCo seeks to achieve growth and long-term value in its operational activities by creating competitive advantages through new product innovation. MISSION STATEMENT To be the worlds premier consumer Products Company focused on convenient foods and beverages. We seek to produce healthy financial rewards to investors as we provide opportunities for growth and enrichment to our employees, our business partners and the communities in which we operate. And in everything we do, we strive for honesty, fairness and integrity. VISION STATEMENT To be the worlds best beverage company. Being the best means providing outstanding quality, service, cleanliness and value, so that their every customer is contented and happy with their products. To increase the value of their shareholders investment through sales growth, cost control and wise investment of resources. FACTS ABOUT THE COMPANY Pepsi is a USA based public company whose stocks are available in New York. Mountain Dew, acquired by Pepsi-Cola in 1964, switches its advertising and package graphics room hillbillies to action-oriented scenes. The third Mountain Dew slogan appeared in 1973 Put A Little Yahoo in Your Life. PepsiCo acquired Pizza Hut, Inc. Pizza Hut was founded in 1958 by Dan and Frank Carney. Taco Bell is was acquired by Pepsi. Taco Bell was established in the mid 1960s by Glen Bell. PepsiCo purchased Kentucky Fried Chicken, the leader in the quick service chicken market. KFC was founded by Colonel Harland Sanders. Colonel Sanders began franchising the company in 1952. KFC was spun off along with Pizza Hut and Taco Bell businesses as Tricon Global Restaurants, Inc. in 1997. PepsiCo purchases Seven-Up International, the third largest franchise soft drink operation outside the United States SWOT Analysis, which is based on thorough review of the business (corporation, product category competition, customers and products), identities and evaluates the internal strengths and weakness of the companies well as its external threats and opportunities. The marketing mix is driven by the results of the SWOT analysis. 2.1. STRENGTHS Demand of Pepsi is more than its competitors. Company has a very established name and a good reputation. Pepsi has large market share than its competitors. As the target customers of Pepsi is young generation, so Pepsi has more brand loyal customers. Most of the customers are satisfied with the price of the Pepsi. Pepsi is an international company and it has a very strong position internationally. The environment of factory is very good and attractive. Pepsi spends a lot of budget on its advertising. Pepsi has a very vast distribution channel and it is easily available everywhere. Employees are also motivated. People like the taste and quality of Pepsi around the world Pepsi has heavy advertising and promotion activities Pepsi offers many discount schemes for customers time to time. Pepsi Cola is sponsoring sports, musical concerts, walks 2.2. WEAKNESSES Pepsi does not offer any sort of incentive or discount to its retailers. Pepsi target only young customers in their promotions. Crown of the disposable bottle is not good. Demand of disposal bottle is declining. Result of low profile or non-existent advertising Pepsi tin pack is not available in far off rural areas. Pepsi is not considering many potential outlets like hotels, college canteens etc. Most of the beverages supply is restricted to few countries. Lack of innovation. Lack of popularity of many Pepsis brands Health issues 2.3. OPPORTUNITIES Innovation Company may start entering rural areas also. The company may also diversify its business in some other potential business. Launch healthy drinks Increase mineral water sales Increased interest of people in musical groups, cultural shows and sports has provided an opportunity for Pepsi to increase its sales through them. Overtake competitors Increase Awareness programs New technologies that access efficiencies. Launch other Pepsi variants in the untapped countries. 2.4. THREATS The main competitor of the company is the Coca Cola. At the international level, Pepsi has a very strong competition with Coke. Coke has started its advertisements more effectively to increase their demand and it is a very strong threat for Pepsi. New entrants are gaining market share Ongoing recession Cola drinks are not good for the health so the awareness level of the people is increasing which is a big threat to the company Decrease in Pepsi brand value in last few years. Some negative health effect Economy instability in third world countries Economic altitude become abortive Political instability in few countries The prices of raw materials such as sugar and metals using in manufacturing are increasing rapidly. Adversary is Thinking Seriously About Textile Sector Market Bounded brands 3.1. POLITICAL FACTORS: Political Stability Whenever the government is considered to be stable, the business will flourish. If there is political stability in the country the policies and strategies made by Pepsi can be consistent to be implemented. Foreign companies are also keen to invest in those countries which are politically stable where they have no fear of decline in their market share or shut down due to sudden change of government. Mixed Economy In mixed economy government and private sector both plays their role in developing the economy of the country. Investment by foreign companies like Pepsi is more likely to flourish in mixed economy. Laws Formulation Government has given copy rights to Pepsi so that another company cannot sell their product by the name of Pepsi. The countries where laws are formulated, the strategies and activities of the company are different. Social Responsibility Pepsis social responsibility is to provide its customers with clean and hygienic product so to do this they have increased the use of disposable bottles. 3.2. ECONOMIC FACTORS: Income and Income per Capita If the income level or per capita income of the people increases, it will have a positive effect on the consumption of Pepsi. Inflation If the country faces inflationary trend in the market, the price of the Pepsi will ultimately increase which will lower its demand. Consumption Behavior United Kingdom and other countries are consumption oriented societies. Due to demonstration effect the people are more inclined towards consumption than saving. So the people spent heavily on food items. Hence Pepsi has a good market share in the present circumstances. Income Distribution It means how much is in the hands of rich and poor class. In World 10% rich people posses 93% of wealth and 90% people posses 7% of wealth. If there is balanced distribution of income in the country, the consumption of the people will increase hence increasing the sales of beverages as well. Payment Mod As the use of plastic money is increasing the consumption pattern of the people are increasing. Although it will have a low affect on the consumption of Pepsi. Employment Opportunities As employment opportunities increase the living standard of the people increase and the people consume more. Aggregate Demand In case of Pepsi, aggregate demand of the product increases in the season of summer as the hot weather makes the consumers want to drink more. Aggregate Supply In summer season to cope up with the increasing demand they have to increase the aggregate supply of their product. Economic Policies Some of the economic policies which can affect the market of Pepsi are discussed below: Fiscal Policy It is the policy of taxes. If heavy tax is levied on Pepsi then its price will rise having negative effect on its consumption. Monetary Policy Monetary policy is made to restrict or increase the supply of money in the market. If policies are made to restrict the flow of money in the market, inflation can be controlled hence increasing the real income of the people which will ultimately affect the consumption of Pepsi. Price Policy If price of Pepsi is increased its demand will decrease and vice versa. Income Policy If income of the people will increase their purchasing power will increase and hence increasing the market share of Pepsi? 3.3. SOCIAL FACTORS: Psychographic It is a combination of demographic and psychological factors. Psychological attributes mean how you perceive things. The company will focus on the behavior of consumers and make different changes in their product quantity or quality and in promoting their product so that they can attract the customers. Keeping in view that the behavior of different consumers is not alike they have to make their marketing strategies in accordance with their requirements so that they are convinced to buy the product. Religious Religious factors can influence the market sales of Pepsi as it happened in 2003 when the U.S-led attack on Iraq, wide sections of society in Pakistan have banned American multinationals Coke and Pepsi Social Status Pepsi is a well renowned brand. People who are brand conscious will not drink beverages of lesser known brands. They will try to show their status by drinking Pepsi which is known to all as a quality drink. Media It is a very important factor for marketing. Media these days is a very effective way of inspiring people to buy a specific product. A good promotion can boast up sales to a great extent. 3.4. TECHNOLOGICAL FACTORS: Research and Development Through research and development quality of the product can be improved or better techniques or machinery can be developed which can increase the production. When technology is advance the supply of the product increase hence the company experiences growth in their business. Pepsi operates in almost all the countries and these are also technological factors: Introduction of cans and plastic Bottles Newer and attractive Designs State-of-the-Art plants Advertisement 3.5. OTHERS FACTORS: 3.5.1. DEMOGRAPHIC FACTORS: Age The requirements of different age groups are different. Pepsi should target that age group that consumes it the most and make promotional strategies according to their behavior. So their main target is the young generation. Education A company has to make promotional strategies keeping in view the customer level. If the percentage of education is high in a country then through advertisements people can be made well aware of their product and can convey their message easily. Promotion and education has a direct relationship. Population Distribution Population distribution means how much [population lives urban areas and rural areas. Pepsi is focusing on urban areas as people there are more inclined towards such beverage while people in rural areas are more inclined drinking desi drinks. 3.5.2. PHYSICAL FACTOR: Region World is divided into different geographical regions. Marketing and sales of Pepsi is different in different geographical regions. In hot areas its demand is more. City Size The cities which are densely populated the consumption of Pepsi is more. Climate Pepsi is more suitable for humid or hot weathered countries. It is a source of refreshment when a person is thirty due to the hot weather. Infrastructure Roads are the basic need for transportation of Pepsi from one place to another. Pepsi cannot open factories in every city so it has to transport it to other cities where Pepsi is demanded. Electricity is the basic necessity for production of any product. Constant load shedding slows down the process of production which leads to less production and low market share. The marketing world is full of surprises. Who could imagine that Coca Cola would be overtaken by Pepsi? If Coke could be overrun by Pepsi, it would be no wonder that Pepsi might be overtaken by some other beverage. The need then is to combine quality with ingenuity. Along with that, the reputation of the company has to be kept robust. Today we live in a fast moving world where novelty and newness count a lot. One cannot rest on ones laurels. Fresh efforts, newness of approach must remain the cardinal principles of a well orchestrated marketing strategy and the campaign must be relentless. A continuous bombardment in advertisement would convince the clients that Pepsi is a part of their lives. In order to live with style, Pepsi ought to be an essential ingredient of ones life. The Pepsi is at its maturity stage and the sales of company are not growing very rapidly. Company is doing a lot of promotional activities to let the product remain in the market. It holds a large share of the market and whenever the sales state declining, the company can improve it by different promotional activities. Marketers of Pepsi can try to improve sales by improving one or more marketing mix elements. They can cut prices to attract new users and competitors customers. They can also launch a better advertising campaign or use aggressive sales promotion to improve the sales. Thus, Pepsi is at its maturity stage. PEPSI, the choice of Generation next is not providing the first choice of young generation. A young generation wants something strong in cold drinks thus prefers Thumsup. Pepsi should come out with some extra strong taste to catch up maximum young generation to become exactly Generation Next drink. Company should appoint competent honest salesman so that they could provide schemes to the entire retailers cover their full route. It is often seen that some salesman do not intimate schemes to the retailer few of the retailers complained about it. So there should be frequent visits of Customer Executives to their respective areas to keep the shopkeepers benefited with various schemes. Delay in starting of supply vans from respective depot should be checked a proper time register should be maintained. Most of the retailers are complaining about non-fulfillment of commitments regarding their sampling. Company should make sure that the retailers get the sampling on time so that they are satisfied. Most of the retailers are complaining about delay no replacement of burst bottles. Marketing Management should sort some solutions to this major problem of replacing burst bottles. Half filled bottles should also be checked at the time of issue of goods from the distributors go down to the respective routes. Company should try to give some credit facility to the distributors so that they get motivated. Credit facility for retailers should be provided. Proper feedback system should be developed by ensuring regular visits check randomly at the various outlets Pepsi is a well renowned company and it has maintained its position well by understanding the client psychology, by ensuring quality, by introducing ingenuity in products, by enlarging its product base, by keeping economic factors in view and by intense and jazzy advertisements. Whenever and where ever there is a spotlight event, Pepsi must figure in, like the cricket and football matches between any country and many other such occasions. The key word for success in the Marketing World is to remain in the spotlight and that is what Pepsi is doing. SWOT Analysis of Pepsi, which is based on thorough review of the business (corporation, product category competition, customers and products), identities and evaluates the internal strengths and weakness of the company well as its external threats and opportunities.

Ethical Dilemmas of Genetic Prenatal Screening Essay -- Genetic Testing

One of the questions that has recently plagued me has been that of which is about the genetic structuring of our offspring. I ask myself, will we able to choose the physical features our child? If so, do we as a society think this will be an ethical practice? Perhaps, scientifically, this might be entirely possible, but law will most likely restrict it. An article written by Frederic Golden helped me draw some understanding on this hot topic. Golden commences his article with a brief story of a mother and father who have been through prenatal testing. They tested for Down syndrome and an inheritable neuromuscular disease. While it was a straightforward procedure that was deemed valid by their doctor, Blue Cross (their insurance provider) refused to pay the bill, even though it was only $300. â€Å"It often opens up a Pandora’s box of questions that tear not only into pocketbooks but our psyches: What if the news from a test is bad? Or ambiguous? Should the fetus be aborted? Or should the child be brought into the world in hopes that a cruel disease can be managed or cured? And w... Ethical Dilemmas of Genetic Prenatal Screening Essay -- Genetic Testing One of the questions that has recently plagued me has been that of which is about the genetic structuring of our offspring. I ask myself, will we able to choose the physical features our child? If so, do we as a society think this will be an ethical practice? Perhaps, scientifically, this might be entirely possible, but law will most likely restrict it. An article written by Frederic Golden helped me draw some understanding on this hot topic. Golden commences his article with a brief story of a mother and father who have been through prenatal testing. They tested for Down syndrome and an inheritable neuromuscular disease. While it was a straightforward procedure that was deemed valid by their doctor, Blue Cross (their insurance provider) refused to pay the bill, even though it was only $300. â€Å"It often opens up a Pandora’s box of questions that tear not only into pocketbooks but our psyches: What if the news from a test is bad? Or ambiguous? Should the fetus be aborted? Or should the child be brought into the world in hopes that a cruel disease can be managed or cured? And w...

Physics of the Human Eye Essay -- Sight Seeing Eyesight Papers

Physics of the human eye. The human eye, what a complex but fascinating organ. It has the ability to see past the horizon and observe the different colors of a rainbow. The eye can be quicker then a race car but slow enough to witness a snail crawling across a beach. The eye can capture objects at various different angles, such as birds flying overhead or a person walking right beside you. Yes indeed, the eye is probably the greatest sense a person can have. The eye is so vast and complex. To try and write everything about the eye would take a very long time. Compiling all the information and then putting it down on paper, a person could write another book. The eyeball it self weighs about 7gm., the volume 6.5cc., and its specific gravity 1.077. It measures 24.15mm. anteroposteriorly, 24.13mm, tranversely at 23.48mm, vertically in adult males and 0.5mm in each dimension in females. (3) Because the eye is so complex, there are many questions that might come to mind when it concerns the break down or conditions that is brought upon the eye. 1st, What happens to the eye during the gradual age of time? 2nd, How do eye glasses or contact lenses influence the eye’s capability of seeing better? 3rd, In worse case circumstances, what occurs to the eye if there is trauma brought on like an accident that directly affects the way a person sees or if the eye is diagnosed with a disease that will eventually lead to blindness. The best way to explain how the optical component of the eye works and fails is to compare a healthy normal eye to an abnormal eye. The eye, in general is sheltered by a protective covering known as the sclera which surrounds the eye except for in front where the cornea is located. The cornea sits on top of the ... ...r vision, should get an eye examination. Regular examinations are important, especially for older people and those at high risk groups. End notes 1.â€Å"Websters New World Dictionary,† School and office ed. (New York; the world publishing co. 1971) 156, 322 2.â€Å"Idaho eye center†. Modern guides for eye care. ( Pocatello, Id.) 2002 3.Howard Bedrossian, M.D. â€Å"The Eye† A Clinical and Basic Science Book. (Blackwell scientific publications. LTD., Oxford, England.) 1958 4. Jonathan D. Trobe, M.D. â€Å"The Neurology of Vision† Contemporary Neurology series. (University of Michigan Medical Center. Ann Arbor, Michigan.) 2001 5. â€Å"Internet† (April 2003) Google: http://www.allaboutvision.com/conditions/ 6. http://members.aol.com/ScienzFair/eyecam.htm 2003 7. http://www.callpe.com/support/spectral.html 2003 8. http://district125.k12.il.us/faculty/smcgrath/eye/eyechart.htm 2003 Physics of the Human Eye Essay -- Sight Seeing Eyesight Papers Physics of the human eye. The human eye, what a complex but fascinating organ. It has the ability to see past the horizon and observe the different colors of a rainbow. The eye can be quicker then a race car but slow enough to witness a snail crawling across a beach. The eye can capture objects at various different angles, such as birds flying overhead or a person walking right beside you. Yes indeed, the eye is probably the greatest sense a person can have. The eye is so vast and complex. To try and write everything about the eye would take a very long time. Compiling all the information and then putting it down on paper, a person could write another book. The eyeball it self weighs about 7gm., the volume 6.5cc., and its specific gravity 1.077. It measures 24.15mm. anteroposteriorly, 24.13mm, tranversely at 23.48mm, vertically in adult males and 0.5mm in each dimension in females. (3) Because the eye is so complex, there are many questions that might come to mind when it concerns the break down or conditions that is brought upon the eye. 1st, What happens to the eye during the gradual age of time? 2nd, How do eye glasses or contact lenses influence the eye’s capability of seeing better? 3rd, In worse case circumstances, what occurs to the eye if there is trauma brought on like an accident that directly affects the way a person sees or if the eye is diagnosed with a disease that will eventually lead to blindness. The best way to explain how the optical component of the eye works and fails is to compare a healthy normal eye to an abnormal eye. The eye, in general is sheltered by a protective covering known as the sclera which surrounds the eye except for in front where the cornea is located. The cornea sits on top of the ... ...r vision, should get an eye examination. Regular examinations are important, especially for older people and those at high risk groups. End notes 1.â€Å"Websters New World Dictionary,† School and office ed. (New York; the world publishing co. 1971) 156, 322 2.â€Å"Idaho eye center†. Modern guides for eye care. ( Pocatello, Id.) 2002 3.Howard Bedrossian, M.D. â€Å"The Eye† A Clinical and Basic Science Book. (Blackwell scientific publications. LTD., Oxford, England.) 1958 4. Jonathan D. Trobe, M.D. â€Å"The Neurology of Vision† Contemporary Neurology series. (University of Michigan Medical Center. Ann Arbor, Michigan.) 2001 5. â€Å"Internet† (April 2003) Google: http://www.allaboutvision.com/conditions/ 6. http://members.aol.com/ScienzFair/eyecam.htm 2003 7. http://www.callpe.com/support/spectral.html 2003 8. http://district125.k12.il.us/faculty/smcgrath/eye/eyechart.htm 2003

Somalia Essay -- Somalian History, Imperialism

From Tranquility to Turmoil: Imperialism in Somalia No force has had a greater impact on modern nations and their cultures than imperialism. Imperialism is a policy of extending a nation’s rule over foreign areas by acquiring and holding colonies. During the nineteenth century in particular, imperialism became a trend among wealthy European nations such as Great Britain, France, and Italy, as countries competed to gain resources and expand their empires. In enforcing these policies, imperial powers spread numerous effects over the span of the globe. The question is, were the effects of imperialism beneficial or detrimental to the colonized nations? For the nation of Somalia, it is clear that imperialism was nothing but a perversion of justice, as their bloody post-independence history in particular shows when compared with the peace that existed pre-imperialism. The British and Italian imperial policies proved destructive to the nation of Somalia, as shown by the current absence of governmental stability, lack of economic prosp erity, and increasing ethnic conflict. Governmental stability is a key component of evidence that imperialism was detrimental to Somalia. Before imperialism, Somalia operated as an Arab sultanate. Society was divided into clans, each ruled by a sultan. The government was not unified under one body but it was functional and there has been no history of dissatisfaction prior to imperialism. In 1886, Britain made a treaty with the Sultan of Tajura and captured northern Somalia while Italy gained control of the southern portion by making a treaty with the Sultan of Hobyo (â€Å"Background Note† 1). Both British and Italian Somaliland, the resulting colonies, were protectorates (â€Å"Italian Somaliland† 2). The protect... ...o be extinguished. So from the perspective of ethnic conflict, too, it is clear that imperialism brought Somalia from better to worse. Historians will, until the end of time, continue to debate over whether imperialism caused more benefit or harm to the world as a whole. In the case of Somalia, though, there is no question as to the immense harm imperialism caused. Imperialism resulted in governmental instability and corruption, an equally unstable economy thrown off balance by imperial rule, and incessant ethnic conflict with Ethiopia and Kenya. Britain and Italy took advantage of a weaker country for their own economic and nationalistic benefits, and then left it under the pretense of preparing it to be more modern politically and economically, when really all they did was derail an innocent nation, and leave it alone to glue its shattered remains together.

Teen Drinking

Teen drinking is a serious problem and each year the statistics go higher and higher and more and more teens are drinking. This is a safety issue for teens are not old enough to know how to control their drinking. In an article I read called, â€Å"let my teenager drink†, written by T. R. Reid, suggests that it’s okay to let our teens drink. On the opposed side, Author Joseph A. Califano writes in his article that it is not okay to allow teens to drink. Reid does make some good points in his article.He believes that it is safer for our teens to be allowed to drink. He brought up binge drinking and how bad it is for teens. He says, â€Å"the only reason for this binge drinking is because teens are not allowed to drink so they do it secretly, most often in unsafe places like a car, or a house where adult supervision is not present†(REID). Reid claims that if we let our teens legally drink then teens can be safer and be able to drink throughout the evening instead o f getting drunk in the short amount of time they have before a social event.He believes teenagers are going to drink no matter what law is put in place, and that we should all just allow teens to legally drink. Author and current president of the National Center on Addiction and Substance Abuse at Columbia University, Joseph A. Califano suggests the first article is a dangerous opinion to go by. He lists straight facts on this specific issue like, â€Å"in 2001 the Justice Department released an analysis comparing drinking rates in Europe and the United States.The conclusion: American tenth graders are less likely to use and abuse alcohol that the people of the same age in almost all European countries†(CALIFANO). Califano also said how Reid was wrong about the binge drinking, since British fifteen year olds are more than twice as likely to binge drink as those of American teens. He also lists the dangers of teen drinking. Califano says it can seriously damage the growth proc ess of the brain, and how teen drinking can lead to poor school performance.My opinion on this issue is teens should not be allowed to drink yet. I believe the drinking age should stay at twenty one. That is when a person is mature and developed enough to drink alcohol. There is a good reason why there are age limits on things. Rules and laws are made for good reasons, to keep us safe. I would not want to live in a country where there were no age limits on drinking, for I believe we Americans would get dumber than we already are.

Accountability in the Us Army

In the US Army, accountability is a key factor that everyone should be aware of. To be accountable means to be dependable. In order to be accountable, you must arrive on time to PT, formation, work, appointments, etc. It is mainly concentrated on three things: custody, care, and safekeeping. If you make it a point to be accountable 100 percent of the time, then there should be no worries of where you are, if you are in trouble, or if anything is wrong. Accountability is something that the Army does not take lightly. It should never be taken lightly due to the fact that it is a possibility your life could be at stake.What is accountability? â€Å"Accountability is the obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner. † The DOD definition states that accountability is the obligation imposed by law or lawful order or regulation on an officer or other person for keeping ac curate record of property, documents or funds. This may include the responsibility of money, property, documents, NVG's, clothes, a vehicle, TA-50, a field manual, medication, etc.Not only is it considered that, it is also knowing that a soldiers physical and mental needs are taken into consideration so they are able to be more functional as a unit. It is taking responsibility for your actions. Meaning what you say and doing what you say. Why is accountability important to the Army? It is important to the Army because it allow people to know where you are. When you have accountability for everyone, it is easier to track down people when they are needed to do a certain task. Not only is accountability important for people, but it is also important for the safekeeping of documents, gear, weapons, etc.If someone or something is not accounted for, then there is a possibility that something serious could be wrong or something could have happened. This is the reason why the Army has accou ntability formations; so that everyone and everything is safe and accounted for. The Army wants to make sure their soldiers are safe at all times whether it be in the states or over seas which is why they do not take accountability lightly. As an enlisted soldier, it is my responsibility to keep track of all items that are issued to me.An NCO on the other hand is responsible for making sure that soldiers and equipment. A lot of money is spent on military equipment, so the Army expects to know where it is at all times. Without accountability, things could turn into complete and utter chaos. There are many ways to establish accountability. Having everyone’s phone number is the main one. When you have everyone’s phone number, then you have a way of getting in contact with someone. Therefore, it makes accountability a lot easier than it would be if you did not have a way of keeping in contact.Another way to establish accountability is the buddy system. When someone is assi gned a buddy, then they are in charge of that certain person to make sure everything is going as planned and to keep track and make sure everything is ok. Accountability does not stop with the Army. It is essential in the civilian life also. When you have a job as a civilian, you are still expected to be on time for work whether it be when you first get there or after you take a lunch break, etc. In order to be successful in the civilian world, you have to be depended on to be accountable at work.

Banking: Comparative Analysis Essay

The economic reforms in India started in early nineties, but their outcome is visible now. Major changes took place in the functioning of Banks in India only after liberalization, globalisation and privatisation. It has become very mandatory to study and to make a comparative analysis of services of Public sector Banks and Private Sector banks. Increased competition, new information technologies and thereby declining processing costs, the erosion of product and geographic boundaries, and less restrictive governmental regulations have all played a major role for Public Sector Banks in India to forcefully compete with Private and Foreign Banks. this paper an attempt to analyze how efficiently Public and Private sector banks have been managing NPA. The last decade has seen many positive developments in the Indian banking sector. The policy makers, which comprise the Reserve Bank of India (RBI), Ministry of Finance and related government and financial sector regulatory entities, have made several notable efforts to improve regulation in the sector. The sector now compares favourably with banking sectors in the region on metrics like growth, profitability and non-performing assets (NPAs). A few banks have established an outstanding track record of innovation, growth and value creation. Banking in India was defined under Section 5(A) as â€Å"any company which transacts banking, business† and the purpose of banking business defined under Section 5(B),†accepting deposits of money from public for the purpose of lending or investing, repayable on demand through cheque/draft or otherwise†. In the process of doing the above-mentioned primary functions, they are also permitted to do other types of business referred to as Utility Services for their customers (Banking Regulation Act, 1949). During Bruisers’ time, three Presidencies’ Banks were opened in Bengal (1809), Bombay (1840) and Madras (1843) with powers to isue Notes. Thus the quality and quantity of services provided by the Private Sector Banks is much better than that provided by Public Sector Banks. In the coming years, the deposit ratio will be 80% in private banks and 20% in public sector banks which is a reverse of a decade before. Banking is and for the time to come, will remain customer oriented business. If one can satisfy the customers effectively, then customer becomes client. Thus to be successful, the banks should satisfy their customers qualitatively as well as quantitatively. They should .put the customers first because .Customer is the king .for the proper functioning of the Indian Banks today. BANKING SCENARIO IN INDIAN SYSTEM: The Indian banking system is significantly different from those prevalent in other countries due to its unique geographic, social and economic characteristics. India has a large population, different cultures in different parts of the country and also disparities in income. Also in India the population spread among rural and urban areas is also skewed in the favour of urban areas. All these features reflect in the size and structure of the Indian banking system. Further in order to fulfil the needs to the government policy it has been subjected to various nationalization schemes at different times. RBI Credit policies form the guidelines for banks in India. Since they had to satisfy the domestic obligations, the banks have so far been confined within the Indian borders. Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India which started in 1786, and the Bank of Hindustan, both of which are now defunct. The oldest bank in existence in India is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks, as did their successors. The three banks merged in 1921 to form the Imperial Bank of India, which, upon India’s independence, became the State Bank of India. The Reserve Bank of India is the central bank of India and controls the monetary policy. The institution was established on 1 April 1935 .The main functions of RBI are 1. Monetary Authority: The Reserve Bank of India is the main monetary authority of the country and beside that the central bank acts as the bank of the national and state governments. It formulates, implements and monitors the monetary policy as well as it has to ensure an adequate flow of credit to productive sectors. Its objectives are maintaining price stability and ensuring adequate flow of credit to productive sectors 2. Manager of Exchange Control: The central bank manages to reach the goals of the Foreign Exchange Management Act, 1999. Objective: to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. 3. Issuer of Currency: The bank issues and exchanges or destroys currency and coins not fit for circulation. The Objectives are giving the public adequate supply of currency of good quality and to provide loans to commercial banks to maintain or improve the GDP. The basic objectives of RBI are to issue bank notes, to maintain the currency and credit system of the country to utilize it in its best advantage, and to maintain the reserves 4. Regulator: Central Bank is also responsible for making policy to be followed by the banking system of the country. Around 90% of the banking system is under the government control and the rest are with the private and the foreign banks. The public sector banks can be categorized into a) State Bank Group: It comprises of State Bank of India and its 5 associate banks. Previously there were 7 associate but after the merger of 2 of them with the parent bank only 5 of them remain. The government of India is the majority stakeholder in the largest bank the country. b) Nationalized Banks: There are 19 nationalized banks in the country. The process of nationalization in 1969 resulted in creation of 14 government owned banks which were followed by the nationalization of 6 more banks. However upon a merger the total number of banks in the country stands at 19 as of today. All the banks are majority owned by the government of India. c) Regional Rural Banks: The regional rural banks were setup to provide low cost financing and credit facilities to rural people. The nationalized banks were required to setup RRBs in partnership with the individual states. The foreign and private banks form a miniscule part of the Indian banking system which is dominated by the government owned banks. However the superior offering of the private sector banks aided by the growth in the IT has resulted in the population of the country being attracted towards these banks. This has made the public sector banks recognize the threat from these banks and improve on their services. They have given the PSBs stiff competition and this augurs well for the future of the Indian banking system. HISTORY: Private-sector banks have been functioning in India since the very beginning of the banking system. Initially, during 1921, the private banks like bank of Bengal, bank of Bombay and bank of Madras were in service, which all together formed Imperial Bank of India. Reserve Bank of India(RBI) came in picture in 1935 and became the centre of every other bank taking away all the responsibilities and functions of Imperial bank. Between 1969 and 1980 there was rapid increase in the number of branches of the private banks. In April 1980, they accounted for nearly 17.5 percent of bank branches in India. In 1980, after 6 more banks were nationalised, about 10 percent of the bank branches were those of private-sector banks. The share of the private bank branches stayed nearly same between 1980 and 2000. Then from the early 1990s, RBI’s liberalization policy came in picture and with this the government gave licences to a few private banks, which came to be known as new private-sector bank s. There are two categories of the private-sector banks: â€Å"old† and â€Å"new†. The old private-sector banks have been operating since a long time and may be referred to those banks, which are in operation from before 1991 and all those banks that have commenced there business after 1991 are called as new private-sector banks. Housing Development Finance Corporation Limited was the first private bank in India to receive license from RBI as a part of the RBI’s liberalization policy of the banking sector, to set up a bank in the private-sector banks in India. The Central Government entered the banking business with the nationalization of the Imperial Bank Of India in 1955. A 60% stake was taken by the Reserve Bank of India and the new bank was named as the State Bank of India. The seven other state banks became the subsidiaries of the new bank when nationalized on 19 July 1960. The next major nationalization of banks took place in 1969 when the government of India, under prime minister Indira Gandhi, nationalised an additional 14 major banks. The total deposits in the banks nationalised in 1969 amounted to 50 crores. This move increased the presence of nationalised banks in India, with 84% of the total branches coming under government control. The next round of nationalisation took place in April 1980. The government nationalised six banks. The total deposits of these banks amounted to around 200 crores. This move led to a further increase in the number of branches in the market, increasing to 91% of the total branch network of the country. The objectives behind nationalisation where: * To break the ownership and control of banks by a few business families, * To prevent the concentration of wealth and economic power, * To mobilize savings from masses from all parts of the country, * To cater to the needs of the priority sectors.

Operation Management Case Studies Essay

Operation Management Case Studies Intoduction Case study on Salmon processing facility Question 1 E= $ 6,333.33 Therefore, the additional expenditure for the productivity of the two systems to equal will be $ 6, 333.33 Question 4                   If the cost of energy increases in future, the productivity of facility will be affected negatively and it will decrease. If the cost of the energy increases beyond the estimated additional expenditure of $ 6,333.33, the productivity of the new facility will be much lower than that of the old system and therefore, it will not be advantage to the firm. This will also affect reduce the profitability of the company. Case 2 on Hard Rock Cafe Question 1                   The Hard Rock strategic changes that it has experienced include globalization and changes in its brand through unique services that include rock music. The music has led to the growth of this company. It has managed to open 157 cafe facilities in more than 57 countries. The cafe has also diversified brands to fish and lobsters in Britain. Moreover, it has started shifting its target market from tourists to non tourists’ cities in United Kingdom in addition to leasing cafes in tourism cites such as Nottingham (Heizer, & Render, 2013). Question 2                   Hard Rock has various PRODUCTS that vary from Hamburger, beef, and other tourism attracting meal. The cafe is has also diversified its products to fish and lobsters thus widening its market and meeting the needs of the customer.                   Hard rock cafe moved its LOCATION from domestic market to global market. In addition, it has started opening in new non tourisms LOCATIONS such as Manchester united to prevent risks associated with economic fluctuations that arise from tourism business poor performance.                   Hard rock HUMAN RESOURCE has participated in developing new strategies that has helped to improve the performance the business. For example, the introduction of sound and visuals in dinner events that attract more customers and recruitment of highly trained employees that provides quality services.                   The Hard Rock has improved its  SERVICE by adding unique services that cannot be found in any other place in the world such as music on both quality visual and sounds. They serve food with enthusiasm on their customers (Heizer, & Render, 2013). Question 3 -123825158750Introduction Growth Maturity Decline Standardization Less rapid product changes – more minor changes Optimum capacity Increasing stability of process Long production runs Product improvement and cost cutting Little product differentiation Cost minimization Overcapacity in the industry Prune line to eliminate items not returning good margin Reduce capacity Forecasting critical Product and process reliability Competitive product improvements and options Increase capacity Shift toward product focused Enhance distribution Product design and development critical Frequent product and process design changes Short production runs High production costs Limited models Attention to quality Best period to increase market share R&D product engineering critical Practical to change price or quality image Strengthen niche Cost control critical Poor time to change image, price, or quality Competitive costs become critical Defend market position OM Strategy/Issues Company Strategy/Issues HDTV CD-ROM Color copiers Drive-thru restaurants Fax machines Station wagons Sales 3 1/2† Floppy disks Internet 00Introduction Growth Maturity Decline Standardization Less rapid product changes – more minor changes Optimum capacity Increasing stability of process Long production runs Product improvement and cost cutting Little product differentiation Cost minimization Overcapacity in the industry Prune line to eliminate items not returning good margin Reduce capacity Forecasting critical Product and process reliability Competitive product improvements and options Increase capacity Shift toward product focused Enhance distribution Product design and development critical Frequent product and process design changes Short production runs High production costs Limited models Attention to quality Best period to increase market share R&D product engineering critical Practical to change price or quality image Strengthen niche Cost control critical Poor time to change image, price, or quality Competitive costs become critical Defend market position OM Strategy/Issues Company Strategy/Issues HDTV CD-ROM Color copiers Drive-thru restaurants Fax machines Station wagons Sales 3 1/2† Floppy disks Internet                   The company is still in the growth stage but approaching maturity. This is from the fact that Hard Rock is trying to change its products from beef and Hamburger to lobster and fish, it can be noted that it is trying to improve its products in order to increase its competitiveness. The company is still forecasting on its future market where it want to change from tourists-dependent market to non-tourism dependent market (Heizer, & Render, 2013). The cafe has products that are reliable with little improvement. Reference Heizer, J., & Render, B. (2013). Principles of operation ,management: Sustainability and supply chain management. Pearson Source document

How is the 'success' or 'effectiveness' of social movements best Essay

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Northern Gateway Pipeline Essay Example | Topics and Well Written Essays - 750 words

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Ombine the processes of consultancy and project management with people Essay

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