Essential Parts of a Business Letter Essay

Essential Parts of a Business Letter 1. Heading The heading is the return address of the sender. Many companies use letterhead paper which displays their address and the logo; if you do not use letterhead paper, write the sender’s address just below the date. 2. Date Include the date that you have written or sent the letter just below the letterhead, or above the sender’s address if you do not have letterhead paper. 3. Inside Address This is the address that you are sending your letter to; make sure it is written as completely as possible, and includes titles and names if these are known. This is displayed on the left hand margin of the page, and positioned so that it shows through the window in an envelope. 4. Salutation Begin the letter with a formal greeting, beginning with the word â€Å"Dear† and including the recipient’s surname. Always use a title for a business letter, unless you are close friends with the recipient. Using Mr. or Ms. along with a last name is a very professional salutation. 5. Body A business letter is rarely hand written, and depending on the style of letter you choose, paragraphs may be indented. Leave a blank line between paragraphs, as well as between the body of the letter and the salutation. A line should also be left between the body of the letter and the close. Write in professional language, avoiding slang, swearing and colloquialism. Keep a friendly tone, even if you are delivering bad news. It is good practice to use the final paragraph to detail any actions that you require the recipients to undertake. 6. Signature Conclude the letter by writing â€Å"Yours Faithfully† if you have begun the letter with ‘Dear Sir’, and â€Å"Yours Sincerely† if the salutation addresses the recipient by name. Below the space for your signature, write your full name and title. You may wish to include direct contact information, such as a telephone number or email address. Never use a postscript – write everything you need to in the body of the letter. Business Letter Styles and Formats Modified Block Style Modified block business letters use a slightly different format from the full block business letters. In the modified block style the return address, date, and the signature line are slightly to the right of the center of the paper. It is recommended you to tab over to the center of the letter and not use Ctrl-E which would distort the block. Figure [ 1 ]. Modified Block Style Semi-Modified Block Style A semi (modified) block style business letter is justified against the left margin with the exception of including the your return address, the reference line, and your closing, signature, and printed name. These are tabbed about one third to the right of the page. Figure [ 2 ]. Semi-Modified Block Style Simplified Style Simplified Style is a form letter that is almost akin to a form of Full Straight but just without any opening and closing greetings. Usually this letter in the go to people who are currently working in that company. Sometimes this simple Form letter writing is very simple without the need to look at neatness and order. The parts of a letter from a simplified style. Figure [ 3 ]. Simplified Style Indented Style Indented Style is a form of a letter in which the letters in go have a paragraph formation line shaped stairs going down. The shape of this Curve usually have a paragraph so that it doesn’t look clean but looks structured primarily in the shape of a Letter addressed in a line any a formations such as the ladder down. The parts of a letter from a indented style. Figure [ 4 ]. Indented Style Hanging Indentation Style Usually the business letters are written on the letter head of the company. In case you have to write your letter in a white paper, please write your address before you start writing your letter. There are few people who suggest writing the sender’s address just below the date. This is also acceptable. There is not strict rule to suggest what is best for you. Let your sense of business judgment rule. Figure [ 5 ]. Hanging Indentation Style Kinds of Business Letters Letter of Intent A letter of intent spells out in detail the circumstances under which an agreement between the writer and the reader would be made. It is not a contract; it merely states the intent to enter an agreement. Sales Letter Written to persuade the recipient to buy a product or service, sales letters are usually a part of a direct-mail marketing campaign and often are accompanied by packets, brochures, illustrations and/or catalogs. Information Request Letter In an information request letter, the writer requests information and explains why he needs it and/or how it will be used. Information Response Letter An information response letter is written in response to a request. Its purpose is to answer questions or provide requested information. It also may promote the business’s products or services. Customer Claim Response Letter In a customer claim response letter, the writer attempts to rectify the complaint spelled out in the customer’s claim letter. It should regain the recipient’s confidence in the business and promote it. Order Request Letter An order request is a letter in which a purchase is authorized. It lists the items being ordered vertically and typically includes the quantity, order number, description and unit price of each item. ——————————————– [ 1 ]. Read more: Essential Parts of Business Letters | eHow.com http://www.ehow.com/list_6684034_essential-parts-business-letters.html#ixzz2HogzmPZI [ 2 ]. http://www.austinschools.org/campus/small/latest_news/keyboarding/directions/BlockStyleFormat.html [ 3 ]. http://wiki.answers.com/Q/Semi-block_styles_of_business_letter [ 4 ]. http://sendy-frandika.blogspot.com/2012/11/format-and-style-bussiness-letter.html [ 5 ]. http://sendy-frandika.blogspot.com/2012/11/format-and-style-bussiness-letter.html [ 6 ]. http://sendy-frandika.blogspot.com/2012/11/format-and-style-bussiness-letter.html [ 7 ]. : Kinds of Business Letters | eHow.com http://www.ehow.com/facts_5101793_kinds-business-letters.html#ixzz2Hooy1G00

Discuss ways in which Ort tries to make sense of his existence

Throughout the novel, Ort indeed tries to make sense of his existence in many ways. It is also true to say that his relationship with Henry Warburton helps him with this discovery. Their relationship, although time-taking to discover, is beneficial towards Ort's understanding of his existence, and his character in particular is greatly benefited. Ort's quest to make sense of his existence is brought on by the car crash in which Sam, his father, is put into a coma. From this moment on, the whole family in fact tries to make sense of their existence, and Warburton is a useful influence towards the whole family in this sense, not just Ort. Before discussing the ways in which Warburton is useful influence in the process of identifying Ort's existence, it needs to seen in which ways he tries to make sense of his existence; After the car crash, which left the father, Sam, out of the picture for the family, Ort has been given the responsibility of the father figure. Of course, for this to happen to a twelve year old boy, it leaves him lost, and obviously misled towards what exactly has just happened. One important thing that Ort considers during this period of discovery is about his own form of religion, or some sort of deity like figure to look up to. It is seen by the audience that the only thing that Ort can look up to and get any help from is that newly formed deity figure apparent in the sky. He uses this deity in the sky to hopefully save him from non existence and subsequently help him discover his current existence. Henry Warburton is then brought into the discussion, as he has a positive effect on Ort's outlook on life, and existence. He helps Ort understand his place in life, and is almost the deity for Ort, providing assistance and support, and also helping with Ort's self discovery. Even Henry Warburton claims that he is a god, and that he has come to help Ort, promoting himself as a god like figure. Warburton provides the positive influence for Ort's discovery of his existence, as he provides help surrounding certain paths of life. Warburton has the ability to see and believe things that no one else in the family, including Ort, does, therefore providing assistance in Ort's self discovery. In many scenes throughout the novel, Henry Warburton's influential figure is scene, which brings support for Ort's understanding. He acts as a father like figure to Ort, even providing discipline to other members of the family on occasions, and supporting Ort's actions and ways of thinking. Despite these obvious ‘perks' on Warburton's behalf to help Ort's understanding, some less positive aspects about Warburton's influence are apparent, when deeper aspects of the novel are analysed. Warburton's character inevitably appears flawed to the family, through a number of faults such as the fact that he has a glass eye and a speech impediment. ‘Geez, he's got troubles'. Coinciding with this realisation by the family, Warburton decreases his rhetoric, and shows the audience that Ort has become quite dependant by this stage in the novel. Throughout the novel, Ort experiences things which would normally never be experienced by a boy that age. With all the crises he goes through, Henry Warburton, a strange but loving preacher who shows up on the doorstep, shows Ort the way to understanding, and self realisation, and is therefore a useful influence towards Ort's understandings.

Development of America

President Barack Obama, in his inaugural address, told the American people about the challenges facing the country today are of crisis proportion. Guided by the founding principles with which America was built as a nation, he promised the citizens of America and the world that his government will overcome these problems. He took note that every administration is faced with problems of different gravity and complexity and his will be no different. He offers hope and unity when he saw fear and conflict in the face of Americans.For Obama, America may be great and powerful, but these alone are not what will give jobs with fair wages, accessible and affordable healthcare and decent retirement through sound social security. Honesty, caution and transparency are demanded of those who hold public office for them to gain the trust of the people in their government. Taking the economy into perspective, he said that the crisis is not because workers are producing less, creativity has stopped, a nd need for commodities have dropped. Market forces drive the economy, for the best and for the worst.A strong economy will definitely create wealth. Government must exercise prudent control and ensure that the gains will benefit all. Equitable sharing of wealth and equal opportunities for all is his â€Å"re-affirmation of the enduring spirit that all are equal. † Obama believes that America must change that way it had conducted itself and do away with political philosophies that are not doing the country any good. Instead, Obama thinks that America should work harder, aim higher, be both movers and doers like its forebears whom he said â€Å"toiled, endured the lash of the whip, plowed the hard earth.†He reminded the American people of those who died in defense of precious freedom from â€Å"Concord and Gettysburg to Normandy and Khe Sanh. † He attributes the greatness of America to its people. He said the greatness was something â€Å"earned and never givenà ¢â‚¬  to its selfless people and to a country that is â€Å"bigger than the sum of individual ambitions [and] greater than all the differences of birth, wealth or faction. † It is upon these qualities that Obama begins the work that is necessary to push the economy forward, once again.He is bound not only to create jobs but provide the basics to be able to accomplish the first, such as infrastructures, science and technology, health care, alternative fuel sources, education and skills training that all fit the needs of the times. Obama has faith great things can be done if everyone will unite and rally around a common goal. In the pursuit of economic prosperity, Obama’s government also seeks to protect the rights of individuals among which is a guarantee of his safety and security.Like the founding fathers of America who shed blood to guarantee the freedoms every American now enjoys, Obama makes a solemn vow to every citizen and every nation of the world that America will take the lead when their peace is threatened. He is of the conviction that arms are the last resort in conflicts, however, victory comes with strong alliances and lasting principles. The might and power of the America is not enough to protect it but Obama assures that neither will his country use it indiscriminately.He will dispense the power judiciously, coming from what the president says is the â€Å"justness of cause and force of example which is the tempering qualities of humility and restraint. † He is looking at Iraq and Afghanistan and the possibilities of peaceful pullout. America will cooperate in keeping the world safe and secured but all threats to peace will be dealt with force. Terrorism will be met with the fiercest resistance. Obama assures that America â€Å"will not waiver in defense† of peace and justice â€Å"with spirit [that] is stronger and [which] can not be broken† warns that the enemy that â€Å"they cannot outlast us and we will defeat you.†Obama spoke of his new policies of government that reflects the old values of the founding fathers. President Obama will not compromise the safety and ideals of America. It will not be a choice of one over the other or a middle ground of both. Both safety and ideals go together. America separated from Britain in bitter circumstances in the cause of freedom, in the words of the Declaration of Independence they will hold Britain as â€Å"they hold the rest of mankind, enemies in war and in peace friends. † Today Britain remains a loyal ally in its fight against tyranny and injustice.President Obama calls on â€Å"old friends and former foes† to work with America in mutual defense and act against the use of nuclear weapons and destruction of the environment. Obama pledges to once again lead the way in â€Å"ushering in a new era of peace. † He recognizes that America is not just for the Americans but for the whole world. His government will defend America and its interests, as well as those of the world that is parallel to America’s. Obama declares â€Å"we have duties to ourselves, our nation and the world, duties that we do not grudgingly accept but seize rather gladly.†Once before, the founding fathers in the Declaration of Independence had similarly intended, to â€Å"mutually pledge to each other our Lives, our Fortunes and our Sacred Honor. â€Å" President Obama recognizes the strength of multi-racial America today. From its conflict-ridden history, American came to be a strong nation. The president says that â€Å"as the world grows smaller, our common humanity shall reveal itself. † America, therefore, postures itself ahead of the line with the rest of the world – desirous of a future of peace with honor.America will extend its helping hands not only in times of war and but also in times of peace. He asks both the poor and the wealthy nations to work together on issues like the proper u tilization and care for the world’s resources. He notes that it is about time that everyone should drop attitudes of apathy and instead be more conscious in preserving what could be handed down to the generations that will come after the present one. Times have indeed changed and in retrospect American has gone this far and this long. Its 44th president had been sworn in to the highest office of the land.Nothing can more significant than the fact that America is still free, a legacy of the fallen heroes. Their spirit lives on in the men and women who fight for democracy in distant shores, who help save lives in disaster-stricken communities, who risk lives and limbs to take strangers out of death’s clutches from the 9/11 attacks, and those willing to sacrifice so others may live. From the heroes in war to the heroes in peace, America has not let go of what Obama calls â€Å"the gift of freedom. † They worked hard and gave so much to preserve the gains of freedom and democracy.What the Constitution declares to â€Å"secure the blessings of liberty to ourselves and our posterity,† President Obama promises to â€Å"carry forth the gifts of freedom and deliver it safely to future generations. † America is faced with new challenges and responsibilities. These are the issues that President Obama places high importance on. These are the realities of the current times that Obama are finding solutions to. From uncertainty, the future will be shaped on how well America will use the time-tested inner resources and strength that have pushed the American on throughout their country’s history.The Obama government is confronted with economic difficulties, threats to peace and security, effects of environmental neglect, among many other problems. The American patience, honesty, hard work, sense of fairness, courage, inquisitive minds, love of country and unwavering faith in God and fellow Americans, should be made to prevail. These ar e the cost and rewards of a privileged American citizenship. How much the Americans have developed through the trying years, has made the words â€Å"liberty and justice for all† and that â€Å"all men are created equal† more meaningful and true.These truths were made self-evident when Obama who said his father â€Å"might not have been served at a local restaurant 60 years ago† became America’s first African-American president. On this same president’s shoulder lies the shaping of the future from uncertainty and hopelessness. President Obama is faced with problems that he has to deal with in order to move the nation forward. He was left with a country which is not completely done with a protracted war in the Middle East. He will decide on the future of Iraq and Afghanistan and the continuing role of America in the War on Terror.He hopes to end the decades of hatred and hopes to heal the wounds of conflict. As president of the most powerful nation on earth he has choices and he hopes to use the best of them in accordance with the enduring spirit of old such as courage with justice. The economy of America is in shambles. If this can happen to the great and powerful nation like America, what would keep it from happening to the others. Truly the economic crisis has hit a global scale. Unemployment rose when millions have lost their jobs, a consequence of the collapse of many businesses.Under such circumstances people would barely afford the rest – housing, education, health care, and social security. This would render the weak and feeble-hearted helpless, but not the American who was shaped in the tradition of hard work and honesty. Again, Obama has promised that America will take the lead. He has met with his economic team on Day One. America must likewise respond to the problems posed by environmental degradation and neglect, such as the greenhouse effect or global warming, extreme weather conditions and depletion of th e earth’s resources.He must end the indifference of industrialized nations or those he termed as the â€Å"nations that enjoy relative plenty. † He has recognized the â€Å"greed and irresponsibility of some† and this time he must be ready â€Å"to make hard choices to propel the nation† forward in the new age. He must employ the old values of â€Å"courage and fair play† to meet this challenge of the world in a time of peace. Equality has never been more felt than on the day Barack Obama took his oath of office.The multitude that showed up in his inauguration was happy that finally there were no more lines that divide. America now has a president who represents the best in the new American. The new American is able to transcend color and creed in a â€Å"patchwork heritage† which is the president’s own description of the new America. It is also a conglomeration of cultures from all points of the globe. Getting America to respond as o ne before it hopes to lead the rest of the world is vital to the agenda Obama has set to accomplish.Unity, equality and selflessness are the defining characters of the new generation of Americans. With these qualities the enormous task of ushering the new kind of peace and prosperity in America and elsewhere in the world can be achieved. President Obama guarantees that the government will do its duty and calls upon all Americans for their support. He believes that it is the collective â€Å"faith and determination† of its people in their government that will make America succeed in meeting all the challenges.From the time of the founding fathers to the inauguration of its 44th president, America has come a long way, not without sacrifices, not without hard work. President Obama has taken things in perspective and knew that without the guiding spirit of the old values, America would not survive the crisis his presidency was met with. The racial divide which was marked with the long struggle of his kind is no longer a painful issue to deal with, given his election to the highest post of the land.Peace and security, the economy, the environment, health care, and education are the more pressing problems that demand the government’s immediate attention, and attend to them the president has promised to do. The Obama story and discourse is a welcome development of the American. He had transcended barriers to become what he is today. In his watch, the whole world is still, perhaps in anticipation of new beginnings. For President Obama it is simply a choice of hope over fear, unity over discord.

Frederick Douglass style of writing Essay Example | Topics and Well Written Essays - 2000 words

Frederick Douglass style of writing - Essay Example He suffered just as any other slave would in that period of time, from hunger, no bed to sleep on, barefoot, nothing to wear but a long shirt, no hint of affection and even separated from his three siblings. At the age of seven he moved to a couples place in Baltimore and he was more than happy for that. It was here in Baltimore that he learnt the English alphabets (Merriman). Douglass grew up to be an author, abolitionist and a lecturer and wrote three autobiographies during his lifetime; A Narrative on the Life of Frederick Douglass, an American Slave (1845), My Bondage and My Freedom (1855), and Life and Times of Frederick Douglass (1881). As he was a brilliant speaker he was asked by the American Anti-Slavery Society to deliver lectures at various places. He became famous and was recognized as one of the greatest black speakers in America. He was the foremost to declare himself a fugitive publicly and published many newspapers, one of them being an anti slavery newspaper called à ¢â‚¬ËœThe North Star’ and most of his causes were in the name of â€Å"Life, liberty, and the pursuit of happiness", which was incorporated in the United States Declaration of Independence. He also served as an advisor to President Abraham Lincoln at the time of the Civil War and recommended many amendments to the American constitution, especially for the blacks. Douglass was a powerful administrator of human rights during that time in America and is still praised for his contributions against racial injustice (Merriman; Thomas). In this article we explore the amusing and powerful writing style of Frederick Douglass. Douglas was well spoken and thus his writing reflected it. Doubts had been raised about the credibility of his writing, whether he had written them or others had done it for him, but he proved that he was clean by introducing writings of well known abolitionists and personal friends, who describe his work. Two of them, William Llyod Garrison and Wendell Phillips were well known friends of his. Both of them were white, and they both of them mention the author and his credentials in the preface of the book, thereby shutting all the questions raised. Douglass also included dates in his writing and thus this proved the credibility of his writing (McNamara) Douglass had a definitive tone in his writing. It increased the rhetorical strategy and the ethos presented by him within his writing. His writing had a feel as if it was written for a definite section of the society, the upper middle class. At a time when books were not very cheap and was more of a luxury, Douglass had to establish himself on the same platform as the readers, instill in them a sense of all the wrong things happening in the society then, stir their emotions and thus influence their feelings so as to get a response in the way he wanted, that is a need for a change. He had a great choice of words sentence structures which set the tone for the extract. He awakens the reader to a new realization (Lampe, 81,101-102). Douglass’s writings have a pattern of objective and subjective styles of writing. He narrates in his autobiography, what he is and what he believed in. Objective style of writing uses facts to establish points, instead of opinions. Instances of his writing lacking emotions have also been seen. In his, at a particular point he describes Mr. Covey gave me a very severe whipping, cutting my back, causing the blood to run, and raising ridges on my flesh as large as my little finger (Moritz, 23). He describes such a scene, but then no negative emotions are portrayed by him towards Mr. Covey. Scenes

Second part Essay Example | Topics and Well Written Essays - 500 words

Second part - Essay Example Currently, a number of studies indicate that many employers still have this notion, and this makes them discriminate against these people when recruiting new employees. Exterior appearance is usually significant for those positions where an employee directly associates with suppliers, customers and other stakeholders. Therefore, an employer can decide not to hire a person with a tattoo for such positions with a notion that most stakeholders will consider them as members of criminal and other outlawed gangs. Therefore, this paper primarily focuses on discussing why employers should discriminate against people with tattoos at workplace. In different societies, tattoos symbolize certain cultures or events. For example, in certain cultures, tattoos portray a person’s status. This is mostly common in the western world. For instance, a person wearing a tattoo of his or her mother or father may indicate his or her love for the family. Moreover, it may also symbolize that a person belongs to a certain clan or community (Bredeson & Goree, 2012). In the 19th Century, tattoos were common phenomena among criminal and outlawed gangs, which differentiated them as anti-social members of the society who only complied with their own rules and beliefs. For example, bikers wore tattoos to indicate that they were against their society’s values and norms. In some circumstances, tattoos also affiliated a person to a given political party or religion. For example, the Catholics may wear a tattoo of a cross to signify their religious affiliation (Bredeson & Goree, 2012). Current studies, on the discrimination of people with tattoos at the workplace, have established that 40 percent of people aged between 19 to 30 years at least have a tattoo (Bredeson & Goree, 2012). These studies further indicate that 40 percent and 18 percent of people with a tattoo have more than two or more and six or more tattoos respectively (Bredeson & Goree, 2012). Therefore, this data calls for an

Business Synoptic FA Essay Example | Topics and Well Written Essays - 4000 words

Business Synoptic FA - Essay Example On the other hand, accounting for decision making is that aspect of a company in which a business firm takes strategic perspectives and decides on issues related to its successful operation. This following model is developed for determining a relationship between strategic management and accounting for decision making with the perspective of the case study of Nestle. The aspects based on the linkage between two modules are as follows: For understanding the model precisely, it is essential to review certain aspects of strategic management. In this paragraph the concepts of strategic management will be discussed. There are certain key activities in a process of strategic management that has been found to be relevant in the perspective of Nestle’s actions towards strategy formulation. The first activity deals with a situation analysis of organisational environment that includes operational activities of the company, inclusive of internal resources along with stakeholders. The sec ond important activity deals with establishment of strategic direction. The strategic direction is reflected in vision and mission statements of the organisation. Based on the analysis of situation and review of the organisation’s vision and mission, certain specific strategies are formulated. The strategies are formulated with respect to ultimate objectives of the organisation. ... Another module, accounting for decision making is also needs to be taken up for understanding the model. In this paragraph, the concept of accounting for decision making relevant to the development of the model will be discussed. The foremost activity that Nestle has taken prior to deciding on the entry strategy in emerging markets is related to clarification of decision problem. The decision problem is highly related to strategic alternatives selected for strategic management. The selection of alternatives is based on decision problem and is directly related to the perspectives of strategic management. Development of decision model is undertaken with the objective of selecting one best alternative. The decision model is crucial for collection of data and by analysing the collected data one best alternative is chosen (Accounting Education, 2011). The relationship between the two modules, strategic management and accounting for decision making will be presented through discussion in t his paragraph. In developing the relationship between concepts of two modules with respect to decision making in Nestle case study, certain important aspects of the case have to be taken into account. Nestle has to build up a comprehensive decision model that would satisfy its objectives. In the above model, relationship between concepts of two modules has been presented, which is relevant for the successful functioning of the organisation. Steps followed in the strategic management are crucially related towards development of decision model. On the basis of the model developed, ultimate single alternative can be chosen. The relationship between

Taxation Essay Example | Topics and Well Written Essays - 1750 words - 3

Taxation - Essay Example The taxation of household savings gives five reasons for this. The first point he gives is that the way savings are taxed is an important mode of the tax base. 1If individuals savings are taxed together with incomes and toil wages and all the elements of the tax base are evenly taxed, it leads to what is called comprehensive income tax. On the other hand, if wages are not taxed till when they are utilized, then the yielding tax structure will be a consumption tax. The next reason that is stated is that the manner in which tax is levied on savings is a key factor which determines the way tax structure identifies various relational in life income, contrary to the yearly revenue. Taxation of savings separates individual wage taxation and taxation of cooperate profits. The way in which savings are taxed can effect the independent business people, small businesses and disbursement of capital to huge companies. Taxation of savings can have an impact on summation of savings in the economy as well as, apparently more vital, the manner in which those sa vings are distributed across various capitals. This can have an effect on the total sum of main money invested and how well it is invested. Savings taxation influences individuals resolution on the amount of money they want to save, the time to save and the risk they are willing to incur when apportioning their savings among assets.2 Hence it directly have an impact on their well-being especially in retired times or economic decline, when they may have a need depend on savings they have gathered. The current taxation system is based on peoples real saving action. People save so that they can be able to use their saving at a later time or during the time of need. They deny themselves the use of their money today so that they can save for a rainy day in future as well as accumulate wealth. The case of not taxing the normal

Scanners and Xerox 2 Assignment Example | Topics and Well Written Essays - 750 words

Scanners and Xerox 2 - Assignment Example establishment, the organization, which is currently headquartered at Norwalk Connecticut after migrating from Stamford Connecticut, has overtime been termed by various stakeholders as the ideal document management Corporation. This was major because Xerox Corporation has been at the forefront in management of data worldwide. In the recent past, however, multiple business pressures from various sectors of the economy have threatened the dominance of Xerox Corporation. In this essay, we are going to dwell on some of the multiple business pressures that have been threatening the dominance of Xerox Corporation as well as the strategies that the multinational organization adopted to stay relevant within the market. In addition, the essay touches on the role of IT in creating the business pressures and how IT can be used to avert some of the challenges. One of the most significant pressures that Xerox Corporation has faced is the recent past is the fluctuation in equipment sales. In the past, most of the products and services that were introduced by the American-based multinational were widely accepted within the society. In fact, the revenue that the Corporation used to earn from the sale of equipment was considerably high. In the recent past, however, the Corporation has failed to move some of the innovations that prioritized, making the multinational lose its grasp of the market (Walker, 2003). Another business pressure that has been faced by the multinational is the fact that it has on several occasions focused on high-profit margin businesses instead of investments that have rapid turns of low-margins; consequently, the organization has seen its earnings plunge considerably. Similarly, Xerox Corporation faced exodus of most of their innovative employees who were out in search of greener pastures. Various economic experts hold the belief that Xerox Corporation has been under significant business pressure because it has faced strong competition from other entrants

Development in Oil and Gas Retail Industries Essay

Development in Oil and Gas Retail Industries - Essay Example 53 percent of energy European Union consumes comes from its imports that have affected trade balance of because of high imports of fossil fuel (Daly, 2014). Therefore, the union look forwards for reduction in energy dependency in order to enhance energy security, reduce the import bills and affordable energy, to ensure consistency to meet climate and industrial objectives for 2050 (Schweitzer, 2014). The main objective of the European Union is to reduce the dependency of the energy, improve energy security and power system. Russia has been of the major supplier of energy to European Union over the past decades. One-third of the gas demands of European Union are being delivered by Russia. In the EU-Russian Summit heal on 2000; the energy was one of the prominent aspects that were chosen to be a potential lead for the integration of the bilateral relationship (Ehrlich, 2013). The economic and industrial coronation between different nations including European Union has significantly developed through these years. However, the thousands of Russian companies are developing and have created interdependency of energy supply for European Union. Agreement on the global climate and energy targets has emerged to be one of the significant elements in globalization that has to be effectively addressed. Recently, at the European Summit that held on March 20th the government leader were suppose to agree with the climate and energy target of 2030 (Tindale, 2014). However, they discussed more about the energy dependency on Russia, Ukraine and Crimea. The Russian Annexation of Crimea has emerged to be one of the debatable issues in the current political meetings. It is because the high dependency of Europe on Russian Energy that has to be effectively addressed (Tindale, 2014). Russian is one on of the largest supplier of gas to European Union due to

Trends and Issues in Beer Industry Essay Example for Free

Trends and Issues in Beer Industry Essay 1. News Article Title: Modern trends and issues in the world beer industry (2 Points) Name of media presenting article: TATA CONSULTANCY SERVICES (2 Points) URL to news article: http://www. tcs. com/SiteCollectionDocuments/White%20Papers/CPG-Whitepaper-Brewery-Industry-Transition-0313-1. pdf (2 Points) 1) Question 1: Are demographic changes included in main trends of the beer industry? Answer 1: True 2) Question 2 : Do retailers have impact in the beer industry? Answer 2:. True 3) Question 3: Does Retail industry have a deep understanding of consumer behaviour? Answer 3:True 4) Question 4: Are consumers from emerging markets for alcoholic drinks in the 15 to 34 age group? Answer 4: False 5) Question 5: Do retailers demand long-term delivery? Answer 5: False. ATTACHMENT OF COMPLETE ARTICLE MUST ACCOMPANY THIS! (3 Points) Correct format used (Times New Roman, Font Size 12): (1 Point) Paste here. Everybody knows that competition in the brewery industry is always high, especially between private labels, which have a big impact on the environment. So they need a balance between strong presence on developed markets with high profit as well as developing markets with huge perspective and volume growth in the future. As every field, beer industry has its own trends and issues. Let’s start from trends. 1. Impact of retail industry Retail industry has a deep understanding of consumer behaviour due to their everyday close relations. It is a big advantage for manufacturers, who provide maximum sales volume, in terms of price settings. In the same time, retailers demand shorter delivery-terms and better service. 2. Demographic changes. Consumers for alcoholic drinks in the 15 to 34 age group in developed countries have witnessed a decline in consumption of beer; a trend that contrasts with the observations in emerging nations. Additionally, due to changes in taste and growth of income, consumers chose quality rather than quantity and it is a challenge for breweries. 3. Consolidation Beer manufacturers use mergers and acquisitions to increase their growth. The major players have been looking for the scale to: A)Gain competitive advantage in terms of offsetting retailer power, B) Establish a strong position within the distribution chain, C) Gain shelf space. Issues The conflicting interests of manufacturers, distributors and retailers coupled with government regulations force manufacturers to reevaluate their supply chain systems to address some of the following challenges: A)Price volatility for goods B)Manage expanding range of different products and eliminate non-profitable variants C)Provide higher service levels demanded by distributors and retailers D)Comply with government regulations in batch management and traceability requirements E) Accurately understand the complexities of work in emerging markets and the high cost to serve a variation between urban and rural markets. It is time for the industry to take a fresh look at its operations. Subsequent integration processes, in addition to compliance to multiple regulatory norms, has indeed created a significant shift in the way the industry operates. Beer companies would need to re-evaluate their supply chain practices such that they keep pace with quickening product innovations and launch processes. The retailer influence is also increasingly adding pressure to their already tight margins, making optimization efforts the most necessary.

Characterization of Biochemical Pathways

Characterization of Biochemical Pathways Disscussion: Scorpion envenoming resulted in alteration in pyramidin, histidin, tyrosine, glycerophospholipid and steroid hormone biosynthesis pathways after 48 hours. These effects are an outcome of acute seizures and early myocardial injuries disorder in the group of experimental rates. Metabolite set enrichment analysis results also showed that pancreas, nerve cells and mitochondria are the most affected organs. The toxicity of a given compound refers to its ability to disrupt some biological functions at a certain level of biological organization (i.e., cell, tissue, or organ) It is also related to the amplitude and the duration of the exposure and also to the degree of absorption of the substance by the organism, its distribution, biotransformation and elimination or accumulation (Topol, 2004). Understanding the mechanism of a toxic event is a challenging task, especially in the field of drug research and development. The symptoms caused by scorpion stings in animal models are similar to those observed in humans (Padilla et al., 2005). Glycerophospholipids are known to display a high degree of molecular heterogeneity in mammalian tissues. In addition to their function as structural components of membranes, some molecular species may participate in specific biophysical and biochemical functions (Mason and Dobbs, 1980). Krshina Murthy (2000) suggested that the probable mechanism of death due to scorpion envenoming syndrome is alteration in phospholipid fractions concentrations mainly phosphatidylinositol and phospatidylglycerol (Murthy, 2000). He postulated that disruption of phosphatidylglycerol choline and phosphatidyl inositol are the main causes of death. Glycerophosphocholine metabolite are involved in cell signaling and membrane integrity of the cell and serine is the precursor for choline and acetylcholine biosynthesis which is required in the brain and therefore any damage of the cell membrane can affect glycerophospholipids metabolites pathway and its concentration. In our study, Glycerophospholipid metabolism was one of the main pathways that have been altered by envenomation and this confirms the Krishna Murthy hypothesis. Scorpion envenoming causes fuel-energy deficits and results in inability to utilize the existing metabolic substrates by different organs, which ultimately may lead to death. This is caused by a massive release of catecholamine, angiotensin II, an increase in glucagon and cortisol (Amaral et al., 1994; Avogaro et al., 1996; Balasubramaniam and Murthy, 1984; Basu et al., 1990; el-Amin, 1992; Gajalakshmi, 1982; Gueron and Ilia, 1996; Mirakabadi, 2013). Steroid hormones mediate a wide variety of vital physiological functions such as anti-inflammatory agents. They are also principally, involved in cell signaling, integrity and stability of the cell membrane as well as fuel or energy storage and energy source in cells. In our study cholesterol, dehydroepiandrosterone, 2-methoxyesterone and aldosterone profiles have shown changes. Disruption of cell membrane and liver function failure resulted due to cytotoxic effect of the H.lepturus venom (Heidarpour et al., 2012; R . Dehghani 2012). So the alterations in steroid hormones metabolites pathway are due to cytotoxic effects of venom. In the present investigation, envenomation by H. lepturus causes alteration in carnosine and 1-methylhistidine metabolite concentration of histidine metabolism pathway. Carnosine which is an endogenous cytoplasmic dipeptide(b-alanyl-l-histidine) and have numerous physiological activities in normal muscles activities (Nagasawa et al., 2001) Histidine and carnosine at low concentration could improve hyperglycemia complications with reduction of proinflammatory cytokine levels, increase insulin secretion, and enhance glutathione peroxidase activity. It has been showed that serum glucose elevated and hyperglycemia resulted by envenomation (Lee et al., 2005). Therefore, alteration in carnosine might be due to hyperglycemia state produced by scorpion venom. GENNIP (1999) showed that pyrimidine metabolism which is the building blocks of DNA and RNA is responsible for the cell programming machinery. Pyrimidine metabolism along with purine pathway fulfills a variety of functions in the metabolism of the cell of which the most important are regulation of energy conservation and transport, formation of coenzymes and of active intermediates of phospholipid and carbohydrate metabolism (GENNIP, 1999). Nyhan (2005) postulated that the catabolic pathways for pyrimidine have yielded a number of patients with specific enzymatic deficiencies, most of them with mental retardation, seizures, or both (Nyhan, 2005; Nyhan, 2005 ). Degradation disorders of pyrimidine can be presented as anemia, neurological deficits or devastating multisystem mitochondrial disorder (H. Anne Simmonds and Gennip, 2003). Our results also showed that the concentration of four metabolites of pyrimidine pathway i.e. Dihydrothymine, Deoxyuridine, Deoxycytidine, and Beta-alanine were changed which might be due to neurological deficits and acute seizures, which are caused by scorpion venom and change in cell metabolism. Venom of many scorpions species cause the activation and delay of inactivation of neural sodium channel which induce a massive release of catecholamines and acetylcholines by the postganglionic nerve both in the circulation and in specific organs, such as increase in rate and force of contraction of the heart tissues.(Gueron and Yaron, 1970; Sofer et al., 1997) Tyrosine is the main precursor for catecholamine, dopamine, epinephrine, and norepinephrine. Our results demonstrated that some of intermediate metabolites in this pathway including iodotyrosine, p-hydroxyphenylacetic acid and acetoacetic acid metabolite show changes which might be due to increase in catecholamine secretion in the stung victim. Similar clinical manifestations of diabetes are usually observed in scorpion sting victims(Zare and Tanikawa, 2002). Scorpion envenoming causes the release of counter-regulatory hormones (glucagon and cortisol) with suppressed insulin secretion. Under these conditions, the metabolism of carbohydrate, protein, and fat is directed towards catabolism. This provokes gluconeogenesis with glucose elevation in serum. During catabolic states such as starvation and diabetes free fatty acids and ketone bodies, compete as fuels for muscle metabolism. Whereas, after prolonged starvation in man free fatty acids displaced ketone bodies as preferred fuels for oxidation in striated muscle (Hagenfeldt et al., 1971; Owen and Reichard, 1971) intracellular ketone-body concentrations in striated muscle increased plasma concentrations rose during starvation and diabetic states and causes ketoacidosis and increase of H+ ions concentration of blood . In our study, synthesis and degradation of ketone bodies specially acetoacetic acid was affected in this pathway which is in accordance with Krishna Murthy study (Murthy, 2000). To summarize, our findings show that the application of metabolomics approaches could play an important role in the characterization of biochemical pathways in the animal model, which envenomed with Hemiscorpius lepturus venom. Our finding indicates the involvement of multiple system and organs in scorpion envenoming syndrome in which the most affected organs are pancreas, nerve cells, mitochondria, and spleen with similarities to acute seizures, the early marker of myocardial injuries and different seizures disorder, which confirm the earlier acute scorpion pancreatitis and myocardial injury reports (Bartholomew, 1970; Novikov et al., 2000).

Market Analysis and International Investment

Market Analysis and International Investment 1-(A) From various editions of the Economist, collect time series data of Big Mac prices for 3 countries and assess whether Purchasing Power Parity (PPP) holds. Discuss whether the (Big Mac Index) is a good Price index to be used in this analysis. Answer: The economist’s Big Mac index shown in table 1 has been used since 1986 as an indicator aimed to assess how PPP (Purchasing Power Parity) stands against most traded currencies such us the US dollar. Before entering into further analyses, it is worth providing some relevant information on the PPP theory and assess whether the Big Mac index implicitly delivers points of comparison that subsequently reflect exchange rate parity conditions across 120 nations where this worldwide known burger is largely sold.[1] Purchasing power parity theory by Rudiger Dornbush (Salamanca School) attempts to explain that two currencies adjust in compensation owing to the difference between the rates at which the two countries under watch are inflating. In relation to this, the underlying principle of the PPP theory lies in the law of a single price. This law can be simply explained based on the commodities trade whereby companies around the world tend to purchase goods from countries where these are more competitive in terms of price.[2] Following this first hypothesis, there is a determination mechanism starting when goods are purchased abroad and at the same time the demand for foreign currency results in increasing the value of the currency and putting extra pressure on the price of the good itself. Based on this scenario, the PPP entails that two currencies should stand at a level where buying the same goods in the two countries is equivalent. Furthermore, the theory projects that real effective exchange rate will remain constant through time. Based on further research, this work lays out some elements that intervene as potential culprits for not letting the PPP system operates over a short and medium-term horizon. As a relevant consideration to the findings and major setback to the PPP theory, the foreign exchange market framework has changed considerably over the last years moving exchange rates from fixed to floating. In the same context, capital movements and internal policies now explain differentials in exchange rates rather than a simplistic scenario of supply and demand of goods.[3] For instance, in 1973 the oil embargo led unexpectedly the United States, Japan and Italy to depreciating their currencies as a result of currency pressure. According to Buiter and Miller (1992), the exchange rate accommodation mechanism has a much broader significance than the one explained by PPP’s scope; the exchange rate is a measurement of competitiveness as a progressive or â€Å"non-casual† variable. Therefore, exchange rate is a price that reflects an efficient international financial market as opposed to a predetermined state controlled through market forces exclusively. Supporting the previous introduction and with regard to the Big Mac index headway between two years in a row, PPP does not always hold. Moreover, due to the composition of the product, Big Mac does not reflect a truthful price index to determine whether an exchange rate is undervalued or overvalued. According to the economist magazine, Big Macs are not cross-border trading goods as approximately 55% to 60% of the product costing is represented by non-traded goods such us labour, rent and services. Therefore, a price index with no dependence on international trading cannot fully reflect exchange rate comparisons; every country has a unique competitive position mainly produced by internal structures and factors such us labour market, productivity and purchasing capacity. Purchasing power parity theory brings cear shortcomings and most of them can be determined superficially by the Big Mac index and its trend. The most commonly mentioned problems behind the use of PPP: Trade Barriers Changes in patterns of demand and output Similar purchasing patterns and taste in products Varying price indices Taxation Long-term vs. short-term outlook Table 1 shows full coverage for the Big Mac index over a large group of countries. As a complementary part of the analysis this work has chosen two currencies to compare against the US dollar and determine the PPP trend between 2004 and 2005. In 2004 the Big Mac price in the US was US$ 2.90 compared to US$1.26 in China and US$ 5.18 in Norway. In 2005 the corresponding prices represented an increment of the US price by 5.5% to US$ 3.06, 0.7% in China and 16.9% in Norway reaching prices of US$1.27 and US$6.06 respectively. Following the PPP theory, it indicates that exchange rates move to rectify changes in inflation rates. In 2004 China’s currency was 57% undervalued and Norway 79% overvalued; the model expects that an inflationary process in the US of 5.5% would have generated a rectifying movement to close gaps. On the contrary, while the Big Mac price index in the US rose by 5.5%, China’s currency dropped further from 57% undervalued to 59% and Norway continued the other direction and got appreciated dramatically from 79% to 98%. If Big Macs could be exported, no buyers would be looking at Norway since its real international competitiveness is far below. However, in terms of purchasing capacity the Norwegians are potentially capable of purchasing Big Macs as their income per head is considerably higher than in US and China. (B)Choose any two countries and collect (approximately) one year of daily data of a forward exchange rate, the spot exchange rate and the two corresponding interest rates. Can you make any arbitrage profits? Carefully discuss. Answer: To open the discussion about the exchange rate market and its relationship with interest rates, the answer introduces the concept of Eurocurrency market. This is a marketplace where participants make money through borrowing and depositing currencies at a price dictated by interest rates. In this regard, the transactions period varies as short as overnight and in some cases as long as five years. For this exercise the answer considers one participant and two currencies, US Dollar and GBP based on data from 2005 central bank statistics. On January 31st 2005, this person borrowed US$ 18’833.000 in the US and made the decision to arbitrage in GPB pounds. Diagram 1.0 illustrates the foreign exchange arbitrage based on the use of financial instruments to generate profits. Diagram 1.0 Source: Author calculations Borrowed at US$ 18’833.000 at 4.83% and one repayment at the end of the first year (365 day repayment of US$ 19’743.633) Evaluate potential arbitrage: Sell US$ 18’833.000 to buy sterling pounds at GBP/USD 1.8833 and obtained  £10’000.000 Made deposit of  £10’000.000 at 6.20% for 12 months and agreed to received  £10’482.999 Same take a forward contract to buy US$ 19’742.633 1year forward at sustaining GBP/USD at 1.8526 and sell:  £10’657.256; losses: ( £36.716) The arbitrage would produce losses as USD appreciates against the US dollar on a 12-month period; you cannot make profits. 2-(A) Discuss the importance of the exchange rate as an economic variable for international investment decisions or for importers and exporters. Answer: Exchange rates are a key factor that concerning their mechanisms of adjustments and vulnerability originates differential positions and volatility risk within an economic outlook. In relation to this effect, Buiter and Miller’s approach (1992) explains that monetary policies combining prices stabilisation, capital freedom and rational expectations in the foreign exchange market produce a â€Å"transitional† effect on the level of international competitiveness and leave industry sectors exposed.[4] For financial assets and exchange rates levels, international trade activities have rapidly evolved into a more developed and complex sector that operates freely within a global economic system and lead economies to frequently reaching higher levels of surpluses or deficits. On a daily basis scenario, portfolio strategist search for competitive positions worldwide that match investment targets. Concerning the structure of the investment, foreign exchange forecasts are a driving force at the stage of resources allocation and use of financial instruments (Derivatives). But how the exchange rates intervene as a decisive economic variable and in which sectors they deliver benefits or vice-versa? Milton Friedman gives his opinion to this question, starting by responding on the effects over exchange rates through monetary policies; he says â€Å"†¦..monetary policy actions affect asset portfolios in first instance, spending decisions in the second, which translate into effects on output and then on prices. The changes in exchange rates are in turn mostly a response to these effects of home policy (on output and prices?) and of similar policy abroad†¦..†[5]. If one assumed Friedman’s comments, domestic policies move exchange rates affecting decisions in a certain order. With regards to international trade, one of the most compelling examples on how exchange rates affect the performance of particular sectors compared to others is the case of the British economy. On one hand an overvalued pound has jeopardised to some extent the lack of competitiveness of the industrial production and exports in the UK by soaring internal prices and changing the productive structure of the country. Conversely, on the other hand the levels of interest rates together with a strong currency have triggered capital inflows, which are being allocated on different asset classes and also in the continuous boost of service sectors (i.e. Financial Services). To understand the mechanism linking imports and exports with exchange rates, Maurice Levi (1990) explains that on a supply and demand setting the supply curve of a currency illustrates the quantity of that currency supplied and the price of the currency, given by the exchange rate, the supply curve of a currency is calculated as a result of a country’s demand for imports. This event occurs when buyers pay for imports that are sold in foreign currency, then the country’s recipients of the goods must sell their domestic currency for the requested foreign exchange and when imports are invoiced in local currency the foreign beneficiary of the currency sells it. In any case imports result in the country’s currency being supplied. The amount of the currency supplied is equal to the value of imports.[6] On the contrary, the demand curve for a currency shows the value of the currency that is demanded at each likely exchange rate. The need to buy a country’s currency takes off from the need to pay for the country’s exports; the currency’s demand curved is derived from the country’s export supply curve, which shows the volume of exports at each price of exports[7]. To summarise the answer, exchange rates send strong signals to both, portfolio investors and international traders; however the degree of the effect varies depending on the competitive position of the economy. In terms of traded goods, exchange rates place the level of international competitiveness of goods compared to the same goods in other country. On investment allocations such us bonds and equities, an exchange rates outlook is essential to sustain or withdraw positions. In relation to investments, exchange rate risk is generated by uncertainty in the future exchange rates at which the asset or liability will be converted into dollars. Thus, bonds, foreign stocks, real estates and accounts receivable and payable may be subject to exchange rate risk if their value in home currency is beaten by exchange rates. Concerning imports and exports of services such us tourism, banking services, consulting, engineering amongst others react to exchange rates variations in the same way as imports and exports of goods. (B) Collect data for 3 countries of your choice and assess the importance of the exchange rate for international equity investors. Use different investment horizons. Equity investors react to market sentiments, set out overall investment positions and individual strategies underpinned by economic forecasts. Decisions are based upon a group variables and future scenarios; for instance it is widely recognised the existing inverse relation between interest rates and equities. When interest rates are moved up by major central banks such us the Federal Reserve, European Central Bank (ECB), Bank of England and Bank of Japan, shares lose momentum and in most of the cases fall. In terms of foreign exchange conditions, investors go long on equities when they feel comfortable with correct valuation of the currency and if the economy’s balance of payments works in line with the external position of the country. In other words, the exchange rate is determined by the aggregated equilibrium between currency demand and supply. If any country is not in the position to sustain its competitiveness on its currency it sends strong signal for investment decisions. The following three countries US, UK and China have been selected to understand how bursaries respond or relate to changes in exchange rate: US Dow Jones (1-Y Horizon) US is a highly liquid market, Chart 1.0 shows market transactions above 2 billion US dollars a day sustaining levels over 1 year horizon. The Dow index moved up from 10500 (approx) in June 2005 growing by 3.8% (approx) to June 9th 2006. In chart 2.0 Euro gains grounds on the US dollar by almost 5% over the same period as shown on the Dow Jones outlook above. Thus, Euro appreciated by 5% against US dollar and Dow Jones with a slight growth without losing transaction levels. Hence, no particular direct correlation is found on the two variables (Exchange rate and Stock Index). However, it is relevant to clarify that more components such us interest rates expectations, unemployment levels in the US and Euro land, mortgage activities, retail index and companies profitability have an effect on these trends. UK FTSE (2-Year Horizon) In a 2-year Horizon, FTSE shows strong momentum soaring by 22% (approximately from 4500 to 5500); uptrend with a relevant drop in June 2006 due to oil prices and decision on interest rates accommodation by the FED and ECB. This analysis in terms of the pound outlook shows two scenarios for the currency. In 2004 starts at GBP/USD1.82 falling to its 18-month lowest level to 1.72 (5.8%), then it picks up again and in less than 5 months rebounds to 1.85. Again the analysis does not find a direct relationship between a positive steady FTSE trend and sterling variations. CHINA Shanghai Composite 6-Month Horizon The third example involves Chinese Yuan and US Dollar, which have experienced international trade growth five times faster than in 1990s decade. On one hand, Chinese moved from being the 9th most important destination for US Exports to being currently the 4th delivering an impressive uptrend in 2005 above 20% increase (United States Trade Representatives, 2006). On the other hand, the effect of Chinese exports has been stronger, in 2004 china’s trade surplus with the US increased by 24.5% to 202 billion US dollars, the largest between two economies according to the Economic Policy Institute in 2006. Over the last 6 months, the Chinese Yuan has not followed a revaluation against the US Dollar; as it would have been expected due the international trade context explained before (only 2% appreciation). In relation to the Shanghai composite index, it has experienced spectacular growth outperforming other stock markets (44% increases in the same period). Based on these figures, the analysis indicates, exchange rate is not the driving factor to buy stock in China; investors continue forecasting strong growth in Chinese listed companies due to strong internal market performance, domestic consumption as well as industry development. 3- Today is the 16th of December 1998.You are a small importer/exporter having to pay  £5,000,000 on the 26th of February 1999.You are concerned about exchange rate risk and you are considering using currency futures to hedge your currency risk. What would be your hedged and unhedged outcome with hindsight? Carefully explain what will happen over this hedging period with your margin account. One Pound Sterling futures contract is  £62,500 and the initial and maintenance margins are $2,295 and $1,700 respectively. Answer: (Using spreadsheet â€Å"Market†) and concepts from Brian Kettell (Financial Economics p321-330) In futures the principle is to sell what is overpriced and buy what is underpriced. In this example if the GBP/USD is overpriced (futures) less US dollars per Sterling pounds you should sell the futures contract on February 26th 1999 (Long Position in the Spot Market), which means purchase GDP/USD at the Spot Rate Spot Price Futures GBP/USD 1.6750-08 1.6060-1.5998 (at a Premium) The advice for the US importer is to protect the US value by hedging 80 contracts of Sterling Pounds using futures contracts. However, in this case the US dollar as of February 26th when the payment will be made, the futures price shows a US dollar at a premium, which means, the dollar will appreciate. Action: Unit of Trading  £ Pounds Go long in the future market selling your futures contract (right to deliver at 1.6060) and holding on at the the Spot Market. Currency Hedge US dollar against British Pound:  £5.000.000 at a spot rate February 26th 1999: Action buy future Contracts:  £62.500 Number of contracts: 80 Value locked on December 16th 1998:  £62.500 x 1.6750= US$ 104.687 Value of each futures contract on February 26th 1999: £62500 x 1.6060 = US$ 100.375 Net Profit of each contract: US$4. 312 x 80 = US$ 344.960 (Hedging profits) At the end of the period, without hedging you would have benefited as US dollar got appreciated. However, with hedging you will obtain profit margins of US$ 4312 in each contract improving your initial margins. Bibliography Bank of England Statistics available at: http://www.bankofengland.co.uk/statistics/index.htm Economic Policy Institute available at: http://www.epinet.org/content.cfm/webfeatures_econindicators_tradepict20060210 The Economist Big Mac Index available at: http://www.economist.com/markets/bigmac/displayStory.cfm?story_id=4065603 Federal Reserve Statistics available at: http://www.federalreserve.gov/datadownload/Build.aspx?rel=H15 Kettell, B. (2001) Financial Economics, Making Sense of Market Information: Prentice Hall: London Levi, M (1990). International Finance, the Markets and Financial Management of Multinational Business. McGraw-Hill Series in Finance: United States MacDonald R, Taylor M, (1992). Exchange Rate Economics Volume I â€Å"Monetary Policy and International Competitiveness: The problems of adjustments Willem H. Buiter and Marcus Miller, Published by Edward Elgar: England Walmsley, J. (1996). International Money and Foreign Exchange Markets, An introduction. Published by John Wiley Sons Ltd Baffins Lane Chichester. West Sussex Appendix Appendix I. Daily Data End month average Daily forward weighted interest premium/discount rate, instant Daily average of 4 rate, 12 months, US Spot exchange rate, access deposit, UK Banks base rates Dollar US $ into Sterling Bank branch accounts IUDAMIH XUDLDFY XUDLUSS IUMTHAI 04-Jan-05 4.75 -3.075 1.8833 n/a 05-Jan-05 4.75 -3.005 1.8881 n/a 06-Jan-05 4.75 -2.97 1.8754 n/a 07-Jan-05 4.75 -2.925 1.868 n/a 10-Jan-05 4.75 -2.905 1.8748 n/a 11-Jan-05 4.75 -2.85 1.877 n/a 12-Jan-05 4.75 -2.895 1.8932 n/a 13-Jan-05 4.75 -2.85 1.8806 n/a 14-Jan-05 4.75 -2.755 1.8684 n/a 17-Jan-05 4.75 -2.715 1.8593 n/a 18-Jan-05 4.75 -2.85 1.8669 n/a 19-Jan-05 4.75 -2.895 1.8769 n/a 20-Jan-05 4.75 -2.93 1.8706 n/a 21-Jan-05 4.75 -2.92 1.8693 n/a 24-Jan-05 4.75 -2.94 1.8757 n/a 25-Jan-05 4.75 -2.89 1.8647 n/a 26-Jan-05 4.75 -2.955 1.8815 n/a 27-Jan-05 4.75 -2.945 1.8864 n/a 28-Jan-05 4.75 -2.935 1.8829 n/a 31-Jan-05 4.75 -2.92 1.8859 2.18 01-Feb-05 4.75 -2.9 1.8799 n/a 02-Feb-05 4.75 -2.895 1.8848 n/a 03-Feb-05 4.75 -2.84 1.8794 n/a 04-Feb-05 4.75 -2.885 1.8858 n/a 07-Feb-05 4.75 -2.835 1.8657 n/a 08-Feb-05 4.75 -2.855 1.8561 n/a 09-Feb-05 4.75 -2.965 1.8578 n/a 10-Feb-05 4.75 -2.95 1.8712 n/a 11-Feb-05 4.75 -2.96 1.8654 n/a 14-Feb-05 4.75 -2.945 1.8869 n/a 15-Feb-05 4.75 -2.935 1.8872 n/a 16-Feb-05 4.75 -2.83 1.8786 n/a 17-Feb-05 4.75 -2.81 1.8906 n/a 18-Feb-05 4.75 -2.79 1.8944 n/a 21-Feb-05 4.75 -2.8 1.897 n/a 22-Feb-05 4.75 -2.9 1.9057 n/a 23-Feb-05 4.75 -2.985 1.906 n/a 24-Feb-05 4.75 -2.955 1.9077 n/a 25-Feb-05 4.75 -2.89 1.9153 n/a 28-Feb-05 4.75 -2.89 1.9257 2.18 01-Mar-05 4.75 -2.875 1.9198 n/a 02-Mar-05 4.75 -2.94 1.9101 n/a 03-Mar-05 4.75 -2.9 1.9084 n/a 04-Mar-05 4.75 -2.885 1.9258 n/a 07-Mar-05 4.75 -2.87 1.9139 n/a 08-Mar-05 4.75 -2.86 1.9311 n/a 09-Mar-05 4.75 -2.835 1.9212 n/a 10-Mar-05 4.75 -2.77 1.9236 n/a 11-Mar-05 4.75 -2.72 1.927 n/a 14-Mar-05 4.75 -2.64 1.9119 n/a 15-Mar-05 4.75 -2.61 1.9157 n/a 16-Mar-05 4.75 -2.65 1.9284 n/a 17-Mar-05 4.75 -2.595 1.9237 n/a 18-Mar-05 4.75 -2.555 1.9155 n/a 21-Mar-05 4.75 -2.515 1.8962 n/a 22-Mar-05

Londons Social Class in Robert Louis Stevenson Strange Case of Dr. Jek

London's Social Class in Dr. Jekyll and Mr. Hyde One Victorian sentiment was that a civilized individual could be determined by her/his appearance. This notion was readily adopted by the upper classes and, among other things, helped shape their views of the lower classes, who certainly appeared inferior to them. In regards to social mobility, members of the upper classes may have (through personal tragedy or loss) often moved to a lower-class status, but rarely did one see an individual move up from the abysmal lower class. Although poverty could be found almost anywhere in Victorian London (one could walk along a street of an affluent neighborhood, turn the corner, and find oneself in an area of depravity and decay), most upper-class Londoners, who tended to dwell in the West End, associated the East End with the lower class. Writers like Henry Mayhew (London Labour and the London Poor) and Jack London (The People of the Abyss), and artists like Gustave Dore (London) and John Thomson (Street Life in London) - all chroniclers of the desperate conditions of those in the East End - helped enlighten many around world - particularly those who lived just beyond the permeable boundaries of that notorious area - as to the needs of the city's unfortunate members of society. Their works called out - whether directly or indirectly - for some sort of radical social reform, but there was little immediate response. The East End continued throughout the 19th century to exist as a symbol for the deterioration of society and the degeneration of humanity. In Dr. Jekyll and Mr. Hyde, the reader is given vivid (and often depressing) images of London's East End: Two doors from one corner. . . the line was broken by the e... ... desires (i.e., sexual opportunities). Those like Jekyll, however, who were of the upper classes and who harbored secret and socially forbidden desires, nonetheless had to control these desires in order to maintain an elite appearance. As Henrik Hansen notes, "A man was considered to be civilized if he was able to repress the animal instincts within him. . . and the Victorian elite could thus claim to be more civilized than the lower classes" (par. 2). The novel, then, can be perceived as a commentary not only on the distinctions between these sides of London but also on the hypocrisy of the upper-class men who struggled to conceal their homosexuality and who, in spite of whatever rhetoric they spoke among their class against the End End, sought to fulfill their lusts in areas like Soho and Regent Street - where their anonymity would be almost certainly secured.

Essay --

Cassandra Casares 2-11-14 Paper #1 Marius paved the road that inspired many to follow in his footsteps, as Caesar and Octavian, which led to the breakdown of the Republic. Marius held consulship for a record breaking seven years, completely disregarding the Lex Annalis, and leaving the senate looking slightly powerless in the eyes of its people. Also, Marius used war and corruption on his side in order to hold his political power in Rome, knowing full well he was needed to fend off invasions especially from the north. By abolishing the Servian laws, he also allowed the landless and the poor to join in the army, which created status problems for the Romans, and encouraged others to follow right along with his creation of a professional, private army through the Marian Laws and reforms. Gaius Marius put into affect army reforms that changed the military, political and social aspects of Roman society. These reforms brought about private professional armies, enlarged aristocratic values by increasing wealth, and event ually led to the exploitation of legal and political faults to boost personal power that all together helped to disestablish the republic. One important aspect of Roman life is that of tradition. By Marius consecutively holding seven consulships in a row and doing so whilst not present for some strayed away from political tradition and enabling actions of later romans. Because of a foreign threat up north of Rome, the people knew they needed him in office, which helped him hold his consulship for so long. Marius was elected consul again each year until his sixth consulship in 100; the people disregarded the lex Annalis didn’t allow the senate to prolong his consulship (Scullard 1982 52). Marius saw an opportunity... ...r political status and power, to finally breakdown the Roman Republic. By Marius using war and corruption to his advantage to gain and hold on to his consulship for many years, he gave the impression that the senate was losing their power and hold over the people. By abolishing the Servian laws and allowing the landless and the poor to serve in the army, he threw out the Roman tradition that money and wealth showed loyalty and commitment to Rome. Also, he provided the generals, and himself, the pressure to continue to win the wars in order to gain loot, and land to give to their armies to keep them happy. However, mostly Marius military reform was the most influential ways that Marius had on the future Romans, that gave them the power to achieve their political success over the senate and eventually bring forth the breakdown of the Republic. Word count: 990 Essay -- Cassandra Casares 2-11-14 Paper #1 Marius paved the road that inspired many to follow in his footsteps, as Caesar and Octavian, which led to the breakdown of the Republic. Marius held consulship for a record breaking seven years, completely disregarding the Lex Annalis, and leaving the senate looking slightly powerless in the eyes of its people. Also, Marius used war and corruption on his side in order to hold his political power in Rome, knowing full well he was needed to fend off invasions especially from the north. By abolishing the Servian laws, he also allowed the landless and the poor to join in the army, which created status problems for the Romans, and encouraged others to follow right along with his creation of a professional, private army through the Marian Laws and reforms. Gaius Marius put into affect army reforms that changed the military, political and social aspects of Roman society. These reforms brought about private professional armies, enlarged aristocratic values by increasing wealth, and event ually led to the exploitation of legal and political faults to boost personal power that all together helped to disestablish the republic. One important aspect of Roman life is that of tradition. By Marius consecutively holding seven consulships in a row and doing so whilst not present for some strayed away from political tradition and enabling actions of later romans. Because of a foreign threat up north of Rome, the people knew they needed him in office, which helped him hold his consulship for so long. Marius was elected consul again each year until his sixth consulship in 100; the people disregarded the lex Annalis didn’t allow the senate to prolong his consulship (Scullard 1982 52). Marius saw an opportunity... ...r political status and power, to finally breakdown the Roman Republic. By Marius using war and corruption to his advantage to gain and hold on to his consulship for many years, he gave the impression that the senate was losing their power and hold over the people. By abolishing the Servian laws and allowing the landless and the poor to serve in the army, he threw out the Roman tradition that money and wealth showed loyalty and commitment to Rome. Also, he provided the generals, and himself, the pressure to continue to win the wars in order to gain loot, and land to give to their armies to keep them happy. However, mostly Marius military reform was the most influential ways that Marius had on the future Romans, that gave them the power to achieve their political success over the senate and eventually bring forth the breakdown of the Republic. Word count: 990

Project Management Email Essay

In response to your email, our team has analyzed each project. In your email, you stated that the selected project should generate revenue within 12 month of next week’s PMO Review. You also stated that we should also consider the degree of risk involved with on-time completion, the critical path requirement and cost, and the effective life cycle and forecasted ROI. In order to make a recommendation, we took into account the scope of each project and whether it will meet the desired outcome, within your desired constraints. PROJECT JUNIPER The critical path for Project Juniper would be six months, which would be October 2015. The costs associated with this project would be less than the others, $325,000; however, the potential revenue is only $250,000. In addition, its break-even point is slightly less than three years, with a forecasted life cycle of only 2-3 years. PROJECT PALOMINO The critical path for Project Palomino would be nine months, which would be January 2016. The costs associated with this project would be $655,000, with revenues as low as $450,000. However, using a 5% margin of error, this could be more profitable with its break-even point of seven years. The issue we are worried about is that this would also be the end of the project’s life of seven years. PROJECT STARGAZER The critical path for Project Stargazer would be ten months, which would be February 2016. The costs associated with this project would be $575,000. The break-even point is one and a half years, with a seven-year life cycle. In addition, the company has already started on the research of the widgets, allowing the company a faster start up time, which will fit into the 12-month timeframe given. Even though the risks may be higher, the  technology of this project will help dilute the risk, as well as the ability to increase price using skimming price strategy. This project is innovative and can have various modifications, which will enable the company to satisfy a larger customer base. Our team recommends Piper Industries to accept Project Stargazer. FIVE PHASES 1. Concept Development/Project Conception – Data of customer’s needs will be collected, competition will be identified, and the idea for a project will be carefully examined to determine whether or not it benefits the organization. During this phase, feasibility, risk, and return on investment will be analyzed. The project is already at this stage, with the research and the costs being well documented. 2. Project Planning – This step is the most important step. The team will decide on a budget, set timelines, and identify available resources, materials, and expertise to ensure on-time delivery, clarify roles and responsibilities, and identify roadblocks. A project plan, project charter and/or project scope may be put in writing, which will outline the work to be performed. The team will prioritize, calculate a budget and schedule, and determine what resources are needed. 3. Project Execution – The project manager clarifies roles and responsibilities, timelines, and individual deadlines. There is constant communication to ensure tasks are completed on time and to specification. For this project, execution will take place 12 months after the PMO meeting. 4. Project Performance and Control – The project manager monitors timeline, plan, and team performance. They will also conduct review meetings and periodic project performance reports to review the budget. The project managers will also compare the status of the project to the actual plan to keep the project on schedule. If there are key constraints affecting project success, the necessary adjustments will be made. This step is necessary to improve quality, delivery time and the launch timings for market capture. 5. Project Close – This is the final phase of the project. Project tasks are completed and the client has approved the outcome. An evaluation can be done at this point, along with closing all contracts and settling all bills. Documentation can be used for future projects. The project team is released. KEY DELIVERABLES Aside from the dates and costs mention about, the project team decided on five key deliverables for Project Stargazer. They are as follows: 1. To launch the new line of widgets quickly, infiltrating into an existing competitive market. 2. Increase revenues, utilizing modifications and increasing sales during the maturity stage. 3. The team will provide product testing and analysis, meeting client requirements 4. In order to gain and/or retain reluctant customers, increase the product lifestyle and hold as a market leader. 5. Use customization to highlight the flexibility of the widget and introduce new products. REFERENCES Jacobs, F.R., & Chase, R. (2011). Operations and supply chain management (13th ed.). New York, NY: McGraw-Hill Irwin. Nestor-Harper, M. (n.d.). Tasks in the Five Phases of Project Management | Chron.com. Retrieved April 24, 2014, from http://smallbusiness.chron.com/tasks-five-phases-project-management-52690.html

Internet Research Essay

1. In 1998, Carl P. Schmertmann, Adansi A. Amankwaa, and Robert D. Long wrote an article in an academic journal called â€Å"Three Strikes and You’re Out: Demographic Analysis of Mandatory Prison Sentencing. † Please write out the third sentence of the article. Popularly known as â€Å"Three Strikes and You’re Out† (3X), these new rules mandate long sentences without parole for those convicted of a third or higher-order felony. Source: JSTOR, Demography, Vol. 35, No. 4 (Nov. , 1998), pp. 445-463 2. The Washington Post publishes â€Å"D. C. Animal Watch,† which reports animal cases received by the Washington Humane Society and the D. C. Animal Control Division. According to the September 4, 2003, edition of â€Å"D. C. Animal Watch,† what happened at Bangor St. SE, 1400 block? A woman reported that a male acquaintance had tied her cat with a rope so it could not jump onto a baby’s bed. She said the cat was choking and she was afraid to untie the rope. When a Humane Society officer arrived, the cat had been untied. Source: The Washington Post, September 4, 2003 edition of â€Å"D. C. Animal Watch† 3. On Feb. 18, 1987, Anne C. Roark wrote an article in The Los Angeles Times about Donald Foster’s claim to have identified a poem as one of Shakespeare’s. What’s the name of the article? And, according to the article, where does Foster teach? Article name: â€Å"Bard’s Sonnets A Mystery at Long Last Resolved? † Foster taught at Vassar Source: Los Angeles Times, February, 18, 1987 4. What is the call number for Giovanni Boccaccio’s book called Decameron? (Please choose the 1986 circulating copy) FIC BOCCACCIO, G. 5. What is the call number for Milan Kundera’s book The Unbearable Lightness of Being? (Please choose the 1984 entry. ) FIC KUNDERA, M. 6. What is the call number for the Guinness World Records? (Choose the most recent edition. ) 031. 02 M257 7. How many people live in the Marshall Islands? (Your information must be current—nothing before 2003. ) You might try NVCC’s â€Å"Best of the Web,† which will link to the recently-updated CIA World Factbook. 61,815 (July 2007 est. ) Source: CIA World Fact Book, https://www. cia. gov/library/publications/the-world-factbook/geos/rm. html 8. Julian Bond is a faculty member in the History Department at the University of Virginia. Where and when did he receive his Bachelor’s degree? Morehouse, 1971 Source: University of Virginia website: http://www. virginia. edu/history/faculty/bond. html 9. On July 17, 2003, the National Highway and Transportation Safety Administration (NHTSA) released its highway fatality statistics (in the form of a press release). According to the NHTSA, how many fatalities were alcohol-related in 2002? You must locate the report itself. 41 percent of the total with 17, 419 deaths Source: Press Releases, NHTSA website: http://www. nhtsa. dot. gov/portal/site/nhtsa/template. MAXIMIZE/menuitem. f2217bee37fb302f6d7c121046108a0c/? javax. portlet. tpst=1e51531b2220b0f8ea14201046108a0c_ws_MX&javax. portlet. prp_1e51531b2220b0f8ea14201046108a0c_viewID=detail_view&itemID=979ffd08cccaff00VgnVCM1000002c567798RCRD&pressReleaseYearSelect=2003 10. According the American Kennel Club, what should a Mastiff’s temperament be like? (Copy and paste the entire description. ) A combination of grandeur and good nature, courage and docility. Dignity, rather than gaiety, is the Mastiff’s correct demeanor. Judges should not condone shyness or viciousness. Conversely, judges should also beware of putting a premium on showiness. Works Cited â€Å"Marshall Islands†. Retrieved November 2, 2007 from the Central Intelligence Agency World Fact Book website: https://www. cia. gov/library/publications/the-world-factbook/geos/rm. html. Roark, Anne C. (1987, February 18). Bard’s Sonnets A Mystery at Long Last Resolved?. Los Angeles Times, p. Metro Desk 1. Schmertmann, Carl P. , Amankwaa, Adansi A. and Long, Robert D. (November, 1998). Three Strikes and You’re Out: Demographic Analysis of Mandatory Prison Sentencing. Demography, 35:4, 445-463. Research Facts Find the answers to the following questions. For each item, list the answer and the source that you used to find it (no need to provide a full Works Cited entry). Then, in one or two sentences, explain how reliable you think that source is. Since you will probably use Internet-based sources, consider how objective, current, and credible each site is. For this exercise, you do not need to choose high-quality sites; you simply need to explain why you believe each site is or isn’t reliable. 1. What country has the smallest population? Vatican City, population 920 Source: World Atlas web site: http://worldatlas. com/aatlas/populations/ctypopls. htm The site is run by Graphic Maps, dba the Woolwine-Moen Group and while they claim to be as accurate as possible, they do admit there is a margin of error. Most likely, the statistics presented are accurate. 2. What country has the lowest literacy rate? What about the highest? Lowest is Burkina Faso, highest is Cameroon, United Republic. Source: SIL International website: http://www.sil.org/lingualinks/literacy/PrepareForALiteracyProgram/CountriesWithTheLowestRatesOfL.htm

Apocalypse Now Analysis Essay

The line â€Å"Mistah Kurtz – he dead† from T. S. Elliot’s poem ‘The Hollow Men’ refers to one of the movie’s main characters: Mr. Kurtz, a European trader who had gone into â€Å"the heart of darkness† ie the middle of the vast Vietnamese jungle with European standards of life and behavior. Because he’s alienated from the morals and spiritual strengths he cannot maintain his sanity and soon turns into a barbarian. â€Å"Eyes they dare not meet in dreams† – in my mind, these are the eyes of the innocent Vietnamese whose death they ordered. They’ being the American soldiers who, throughout the duration of their journey through the jungle lost their sanity and were brainwashed because of the weapons they were given. What I was particularly fascinated by in the film ‘Apocalypse Now’ was the way the good can somehow turn into the evil, not on their own, but because of their surroundings. â€Å"[.. ] We were in the jungle, there were too many of us, we had access to too much money, too much equipment and little by little we went insane† –said by director and producer, Coppola at the Cannes film festival in 1979. Even the director had, little by little, gone insane being exposed to the Vietnamese jungle for so many years. The making of the film had taken more than 10 years and $30million to create which had brought Coppola to attempted suicide a couple of times. The film is based on the novella ‘Heart of Darkness’ which took place during the Vietnam War, where the American and the Vietnamese soldiers showed no mercy when it came to a matter of life and death. Throughout the film, I realized that the main character, Captain Willard, sent to assassinate Colonel Kurtz, began to be more and more captivated by Kurtz’s achievements and was beginning to think like him as he was exposed to immoral atrocities of the Great War. When General Corman described Willard’s mission to him he told him â€Å"In this war, things get confused out there, power, ideals, the old morality, and practical military necessity. Out there with these natives it must be a temptation to be god. Because there’s a conflict in every human heart between the rational and the irrational, between good and evil. The good does not always triumph. Sometimes the dark side overcomes what Lincoln called the better angels of our nature. Every man has got a breaking point. You and I have. Walter Kurtz has reached his. And very obviously, he has gone insane. † This quote reminds me of Dante’s Inferno mentioned in the poem â€Å"The Hollow Men† – a journey through the different circles of hell depending on the type of person one was and the type of crime they had committed during their lifetime. The man is clear in his mind but his soul is mad. † Like Alberto Giacometti, Kurtz and Willard develop two faces during the time of the war. The only difference is that Giacometti didn’t need a war to show this, his dual personality was natural in criticizing himself, his paintings and his sculptures. Whilst watching the film I found it mainly disturbing how these men, men with families, men who had peaceful souls, could casually blow off the head of a Vietnamese person without feeling just a tiny bit of hurt in their hearts. They could â€Å"kill without feeling†¦ without passion†¦ without judgment†¦ without judgment! Because it’s judgement that defeats us. † The fact that these characters, sent out on mission through the rivers of a foreign place, were simple men, one a chef, the other a surfer, and the other a sailor gives the audience the feeling that this could happen to anyone. Being placed in the jungles of Vietnam with nothing but weapons would turn us into these animalistic beings with only one instinct: kill to survive. Do you know that ‘if’ is the middle word in life? If you can keep your head when all about you are losing theirs and blaming it on you, if you can trust yourself when all men doubt you† This film is, in fact, all about losing one’s mind, being brainwashed by the immoralities of society, to be converted into an emotionless killer. It’s about the delusion of what an evil man is in the normal person’s eyes compared to what an evil man is in the brainwashed person’s eyes.

Migrants to the Coast

Migrants to the Coasts Overview and Discussion There are three goals Eder presents in his fieldwork. They were to ; (1) â€Å"understand fishing and the fishing peoples†(Eder 5), how they lived and how their resources affected their day to day lives,(2) The Palawan’s culture had become diverse and he thought it was important he showed appreciation for what it had become. (3) Last, but not least, he wanted to be more involved with research issues such as â€Å"environmental crisis, economic difficulty, and social well-being†(Eder 5). Eder explains these motives throughout the text.In the second chapter Eder explains how the marine wildlife , full of sea grasses and coral reef play a vital role in the food chains for the animals inhabiting it. The author further explains that the â€Å"coastal zone† occupies the coastal plains as well as the water itself. He explains that there is a local distinction between the four types vegetative cover. Eder was able to get both the fishing peoples and the government official’s perspective of the coastal zone, and how they can preserve the area. In San Vicente there are ten communities with a total population of just fewer than 22,000.Here, Eder selects four of the communities in which he studies the people living within them. He provides a clear understanding of his fieldwork in which he works directly with the people of San Vicente. In order to truly understand their culture, Eder listened to their stories in addition to exploring the history of the people and the place itself. To investigate Eder’s motive of engaging in economic research, he looked into many different prominent industries of the region. One of these industries is fishing. As a reader I could easily envision the beautiful coast and its waters used for fishing.The fishing peoples used the resources of the coast in a way to build their economic culture. I think the author could have focused on fewer topics and covered them more in depth, opposed to going over so many. Altogether, the lives of the people and the visuals of their surrounding were enchanting. How Global Forces Impact Local Lives in San Vicente The Philippines is abundant in natural resources, but the people are among the poorest in Southeast Asia. Problems arise when these resources are no longer abundant and taken advantage of. When the logging industry in the 1960s became a top exporter, the license agreements were very corrupt.Instead of using the money to fund programs for the people, the president would distribute the revenue to his own inner circle. The mining industry brought in more money for the wealthy, but at a cost. The businesses were privatized so the profit stayed within. Environmental care was not seen as an issue, and dump mine wastes ruined bays and once plentiful farmlands. The poor essentially became even poorer. Illegal commercial fishing is also a problem among the coastal areas. Fishing for trawler fish is le gal at open sea, â€Å"but the national law reserves water within 15 kilometers of the coast†(49).Fish are a major resource and illegal fishing has led the fish population into a downward spiral. Commercial fishing and blast fisherman have severely limited the opportunities to the local people who depend on it. Much of the coastal people make their living by fishing on a small scale. Competition between the people and the market is created due to the vast amount of fishermen in the area. Fishing practices and economic stability differed among the fishing peoples. For example, one man could be struggling to support his family, even by fishing every day, while another is making a considerable living fishing and doesn’t nearly work as often.Because of the privatized companies and the recourses they had, difficulties arose for small time fisherman and led them into poverty. Global forces seemed to restrict the fishing peoples in many ways. They did not open opportunities t o the coastal people. The coastal people then had make a living the best way they knew how. With extreme completion, fish prices became inflated, making the people even poorer. The Philippine government needs to intervene, not by shutting down illegal fishing, but by forming programs to help its people.

W8 Balanced Score cards Essay Example | Topics and Well Written Essays - 750 words

W8 Balanced Score cards - Essay Example 2). For the current discourse, the aim is to select a company from the Balanced Scorecard Institute official website which applied the balanced scorecard approach and which led to facilitating the achievement of defined goals in a more efficient and effective manner. The selected company is Kenya Red Cross and the experience of applying the balanced scorecard was told from the point of view of its Chief Financial Officer (CFO) and Strategy Champion for the Kenya Red Cross Society, Arthur Omolo (Omolo, 2010). Evaluation of the Scorecard The organization’s balanced scorecard was shown in this link: http://balancedscorecard.org/Portals/0/PDF/KenyaRed%20CrossScorecardPoster.pdf. From the framework, the structure was classified into subsections which include the following: Mission, vision, core values, beneficiary value proposition; Strategic themes; Strategy map; Presentation of objectives, performance measures, target, and initiatives according to: Beneficiary, stakeholder; Finan cial stewardship; Business processes; and Organizational capacity. In terms of possessing the crucial ingredients of the balanced scorecard, the application strictly complied and adhered to the needed requirements; which contributed to its effectiveness. First and foremost, the explicit identification of the mission and vision statement was present and even included the value proposition which stated â€Å"Always There† to the beneficiaries of their services. The strategy map also vividly presented a visual summary of the objectives that would necessitate the design of strategies to effectively achieve them. Likewise, it was commendable that Kenya Red Cross presented an in-depth and comprehensive enumeration of the objectives, performance measures, targets, and initiatives that assisted in designing appropriate strategies which could be instrumental in facilitating the attainment of the identified goals. Overall, the structure and presentation was clear, straightforward, and highly commendable for following the essential elements required by the balanced scorecard approach (Kenya Red Cross, n.d.). As emphasized, there were enumerable benefits that were realized by the Kenya Red Cross due to the application of the balanced scorecard. According to Omolo (2010): â€Å"there are so many firsts with the balanced scorecard. Kenya Red Cross for the first time has a strategy that has performance measures and targets. For the first time we can present our strategy on a single sheet of paper. The balanced scorecard has changed the conversation on strategy and increased the focus on consistent monitoring of the strategy† (p. 2). Personal Reaction What did you like? Honestly, the experience relayed by Kenya Red Cross regarding the manner by which the balanced scorecard approach assisted in their ability to gauge the effectiveness of their strategies in achieving organizational objectives were inspiring and enlightening. I liked the way that the Chief Financi al Officer was able to communicate through the approach that in one comprehensive view, the organization is able to monitor their performance against mission, vision, and goals statements and inevitably assisted in adhering to the value proposition as required of the humanitarian organization. The most relevant realization that was relayed by Omolo (2010) focused on the ability of the balanced