Hunting Pros and Cons Essay - 1272 Words

Dannielle Fory BIO-220 Environmental Science May 4, 2013 Steven Lenk Hunting Hunting has been a way of life for thousands of years. As long as humans have been on earth, they have been hunting to provide food for their families. For many decades now, hunting has started to cause conflict among people. One of the main issues that have cause conflict has been overharvesting. Overharvesting can also cause issues with habitat and may put a strain on the relationship between the predator and the prey. While there may be issues, there are also benefits of hunting. Hunting controls the population of certain species. Hunting is one of the long time traditional ways of controlling the population of animas such as the white tailed deer.†¦show more content†¦The increased avoidance of roads by deer may concurrently diminish the frequency of panthers occurrence near roads, reducing both the probability of panther-vehicle collisions, a principal cause of death for the Florida Panther. (Kilgo, Labisky Fritzen) In many families, hunting is a tradition carrie d on from generation to generation and is a respected sport. However, there are those who do not respect the sport or the animals and have no issues harvesting the animals by any means necessary. Poachers are people that hunt during a non-hunting season or use tools to lure animals such as deer and bear to areas easier for them to get a shot. Essentially, poaching amounts to the theft of publics wildlife. (Wilkes-Barre, 2008) Poaching occurs all over the world and is not limited to a certain species. In Africa, elephants are the target of poachers for their tusks. In the 1970s and the 1980s the population of the elephants in Africa reduced due to poaching from 1.3 million to 600,00 0 in less than a decade. This illegal hunting selectively removed older animals with larger tusks and the results of this are being seen. Poaching not only affects the elephant population but the behavior of the elephants as well. (Archie Chiyo, 2012) In all reality hunters have absolutely no reason or right to bend the rules, much less steal. Over population of any animal can cause issues. Many states around the world use different methods to insureShow MoreRelatedGun Control and the Second Ammendment to the Constitution Essay544 Words   |  3 Pageswell regulated Militia being necessary to the security of a free state, the right to the people to keep and bear arms shall not be infringed†. The Supreme Court has made a landmark that states ruling upholding the right of people to bear arms for hunting and self defense. The NRA argue that law bringing citizens who have gun can decrease the numbers of crimes, rates, and are safer from criminals. Since Virginia passed a right-to-carry law, more than 50,000 permits have been issued, not one crime hadRead MoreIs Hunting Wildlife Protect Our Society?1235 Words   |  5 PagesPro-Hunting Hunting wildlife plays a huge role in protecting our society and economy as well. The United States is undergoing a growing population of wildlife and it is becoming a problem for the economy and environment.† An estimated 1.23 million deer-vehicle collisions occurred between July 1, 2011 and June 30, 2012, according to the Insurance Journal. A total of 2,083 animal collisions resulted in human fatalities between 2001 to 2011,according to the New York Times ( When you buy meat in theRead MoreFirst Nation Community : A Part Of The Community1552 Words   |  7 Pagesstrongest. The Hupacasath First Nation people also lived in Alberni with their own traditional way, before the emergence of Europeans into the island who brought changes to the place. The area is blessed with rich forests and the people were doing hunting and fishing as the main source of income. The Native Indian people lived a good quality of life on their own way by celebrating, gathering and pot latching (a traditional ceremony of North American Indian people to show their wealth and increase theRead MorePersuasive Essay On Hunting939 Words   |  4 PagesHunting Hunting has been around since earth began. Early humans and animals hunted for a way of survival. Hunting is one of the unique ways to get exercise as well. Depending on the state you live in you may have to get a state license(s) in forward to hunt. Hunting is one of the few ways to keep animals away from unwanted areas, also it’s one of the ways to keep their population down. Many people like hunting since it’s fun to do and you learn how to survive in the wild. One of the pros of huntingRead MoreA Lifestyle : The Pros And Cons Essay1133 Words   |  5 PagesA CrossFit Lifestyle: The pros and cons Founded by Greg Glassman in 2000, former gymnast and fitness coach, CrossFit now sweeps across the nation. The CrossFit workouts consist of functional movements that are performed at a high intensity. These movements are the best reflections of gymnastics, weightlifting, running, rowing etc. (what is CrossFit, 2016). CrossFit now has become a diet and exercise program, which incorporates trainers, practitioners, and the gym franchise. To better understandRead MoreSleep Well Motel1508 Words   |  7 Pagesfor child support. Despite his recent financial problems, Will felt he could raise sufficient money to purchase the motel with a bank mortgage. In his earlier years, Will had studied and worked in New Mexico. He had learned to ski and also enjoyed hunting and fishing in that state. Will felt the people in that part of the United States were somehow more genuine and that life was better in many ways than his present life in Houston. As a result, when he read about a motel for sale in Colorado, WillRead MoreSwitching to a Year-Round School Calendar Essay1092 Words   |  5 Pageswould still attend the 180 instructional days, just broken up by numerous shorter breaks (The Pros and Cons). Wake County, a school using a year-round calendar, teacher Mary Brown says, â€Å"Our schedule offers the kids a break from school right when they need it...they didn’t have the bored, glazed-over look of kids who had been in school for weeks on end with no break in sight,† (qtd. in The Pros and Cons). Others argue that it would be inconvenient and difficult for parents to find child care forRead MoreSocial Media1160 Words   |  5 Pages3. Professional a) Pros: Job hunting, networking, latest and greatest in your field b) Cons: Companies with policies, distractions from work, not having a â€Å"filter† or restrictions 4. Personal a) Pros: Communication with family, meeting new and old friends, new ideas and activities b) Cons: Hacking and virus, permanent postings, addiction 5. Children a) Pros: Be computer literate, connection with family members, accepting of diversity b) Cons: Face-to-face time lostRead MoreWsu Anth 316 Essay 11215 Words   |  5 Pageshandle most of the domestic work. They raise the children, collect raw foods, and also hunt small game. Kung women maintain the household while the men are off hunting for days at a time and are the primary distributors of goods and food amongst the tribe to make sure things are shared equally. Men handle all dangerous activities, especially hunting, and they contribute to cooking, tribal decisions (when they move, etc.) and building and making things. I agree with the B position because of the Kung haveRead MoreThe Pros and Cons of Gun Control in the United States Essay1306 Words   |  6 Pagesor buy guns. The problem with that type of situation is that those people can still own guns by going through a third party in order to receive a gun. Gun control is and always will be a key issue in today’s world. First allow us to get into the pro side of owning a gun. I will start this argument by stating that guns are essential to anybody who understands how big the responsibility is when taking ownership of a gun; by being knowledgeable of how to use and how to keep your guns out of reach

The Lottery By Shirley Jackson - 1299 Words

When I was a child, I listened to and followed the traditions of my parents. I never questioned it; I blindly followed along. As an adult, I understand that some traditions passed down from generation to generation are important; however, for traditions that do not make sense to me, I chose not to pass to the next generation. In the short story â€Å"The Lottery† by Shirley Jackson, the characters blindly follow a tradition that no one is certain how started but continue anyway. The purpose of the lottery in the story is to decided who in the town will be stoned to death because they believe it will ensure a fertile growing season. We do not know the year in which the story takes place, but we do know that some of the surrounding towns and communities are also participating in the lottery, and that some of the other towns have chosen to discontinue it. While some believe that the traditions passed down from their elders should be honored and carried out blindly, others think t hat some traditions that don’t make sense need to be stopped. Just like in Jackson’s â€Å"The Lottery† the ideology of blindly following traditions can have an adverse effect on society. In the story, the use of symbolism helps to give a deeper understanding of the adverse effects of blindly following traditions. The story opens, â€Å"At mid morning on a late June day a peaceful village crowd gathers on the square for the annual lottery† (Schaub). The lottery itself is symbolic of an idea that is passed down fromShow MoreRelatedThe Lottery, By Shirley Jackson1195 Words   |  5 PagesOn the surface, Shirley Jackson’s short story, â€Å"The Lottery,† reads as a work of horror. There is a village that holds an annual lottery where the winner is stoned to death so the village and its people could prosper. Some underlying themes include: the idea that faith and tradition are often followed blindly, and those who veer away from tradition are met with punishment, as well as the idea of a herd mentality and bystander apathy. What the author manages to do successfully is that she actuallyRead MoreThe Lottery by Shirley Jackson757 Words   |  4 Pages succeed but many fail just like the main character Tessie Hutchinson in Shirley Jackson’s short story â€Å"The Lottery†. When someone hears the word â€Å"lottery†, he or she may think that someone will be rewarded with prize. But â€Å"The Lottery† By Shirley Jackson is different than what one thinks. In the story, a lottery is going to be conducted not like Mega Million or Powerball one play here. In the story, the person who wins the lottery is stoned to death instead of being rewarded with the prize. TessieRead MoreThe Lottery By Shirley Jackson931 Words   |  4 PagesIn 1948 Shirley Jackson composed the controversial short story â€Å"The Lottery.† Generally speaking, a title such as â€Å"The Lottery† is usually affiliated with an optimistic outlook. However, Jackson’s approach is quite unorthodox and will surely leave readers contemplating the intent of her content. The story exposes a crude, senseless lottery system in whi ch random villagers are murdered amongst their peers. Essentially, the lottery system counteracts as a form of population control, but negatives easilyRead MoreThe Lottery By Shirley Jackson1504 Words   |  7 Pagesâ€Å"The Lottery† by Shirley Jackson In The Lottery Shirley Jackson fills her story with many literary elements to mask the evil. The story demonstrates how it is in human nature to blindly follow traditions. Even though some people have no idea why they follow these traditions. The title of the story plays a role in how Shirley Jackson used some literary elements to help mask the evils and develop the story. The title â€Å"The Lottery† serves as an allegory. When people think of the lottery majorityRead More`` The Lottery `` By Shirley Jackson894 Words   |  4 Pagesshort story â€Å"The Lottery†, author Shirley Jackson demonstrates Zimbardo’s concepts in three different areas: Authority figures, Tradition and Superstition, and Loyalty. The first concept Jackson portrays in â€Å"The Lottery† is the authority figures. Jackson indicates that the lottery is being held in the town center by one authority figure, Mr. Summers, annually on June 27th. Every June 27th, without fail, townspeople gather in the town square to participate in the annually lottery even though mostRead MoreThe Lottery, By Shirley Jackson1510 Words   |  7 PagesShirley Jackson’s â€Å"The Lottery† illustrates several aspects of the darker side of human nature. The townspeople in Jackson’s â€Å"The Lottery† unquestioningly adhere to a tradition which seems to have lost its relevance in their lives. The ritual that is the lottery shows how easily and willingly people will give up their free will and suspend their consciences to conform to tradition and people in authority. The same mindless complacency and obedience shown by the villagers in Jackson’s story are seenRead MoreThe Lottery By Shirley Jackson8 11 Words   |  4 Pagesâ€Å"The Lottery† was published by Shirley Jackson. The story was true expression of Jackson’s genuine thoughts about human beings and their heinous competence in an annual village event for corn harvest . First, her used to word symbolized main point of the story. Second, Jackson was inspired by few historical events happened in the past and a life incident in her life. Lastly, She was able to accomplish the connection between historical and biographical with the story. Therefore, Shirley Jackson’sRead MoreThe Lottery By Shirley Jackson934 Words   |  4 Pagesâ€Å"The Lottery† by Shirley Jackson signifies the physical connection between the villagers and their unwillingness to give up their tradition. â€Å"The Lottery† is very unpredictable and quite misleading. The black box has no functionality, except every June 27th. Shirley Jackson depicts the black box as an important and traditional tool. Although the villagers in â€Å"The Lottery† are terrified of the goal of the lottery and the black box, they are unwilling to let go of the tradition. Shirley Jackson portraysRead MoreThe Lottery by Shirley Jackson799 Words   |  4 Pagesthe mood and to foreshadow of things to come. The Lottery by Shirley Jackson is a story in which the setting sets up the reader to think of positive outcomes. However, this description of the setting foreshadows exactly the opposite of what is to come. In addition, the theme that we learn of at the end leads us to think of where the sanity of some human beings lies. The story begins with the establishment of the setting. To begin, Shirley Jackson tells the reader what time of day and what time ofRead MoreThe Lottery by Shirley Jackson1764 Words   |  7 Pagesfilled with excitement and eeriness, leaving the reader speechless. The Lottery , a short story written by famous writer Shirley Jackson, created an uproar on June 26, 1948, when it was published in the magazine The New Yorker (Ball). The gothic thriller, set in an unknown time and place, shares the tradition of a small town, a little larger than three hundred people, in which a drawing is held once a year. In this â€Å"Lottery,† each family’s husband draws a slip of paper from a black box. The husband

MUSIC IS EDUCATION Essay Example For Students

MUSIC IS EDUCATION Essay THESIS STATEMENTMusic in education is essential to our children because it increases their listening skills and is a common method of communication for cultures worldwide. Music is EducationThere are schools attempting to eliminate teaching musical arts to our children. The board of education claims they must provide education by concentrating on the basic academic courses, but what they dont realize is that music is a major part of basic education. We must not allow them to pull the teaching of music out of our school curriculums because music is an essential form of communication. Our children do not have to be fluent in the arts to receive the value of broad exposure to the different musical dialogues. Deprivation of a very valuable part of education occurs if we do not teach them to appreciate a wide variety of music. Metaphorically speaking, we often associate the terms language and grammar with the term music. This association leads us to believe that music is a form of language, possibly because no symbol system other than language has the same potential as music of infinite productivity and precision. It takes a multitude of directions and phonetic-type symbolism to produce a pleasant sounding musical composition. This relates very closely to the requirements of everyday language. The primary objective of any spoken language is to convey a persons thoughts in a comprehensible fashion, but we must remember that everyone thinks and comprehends everything differently. Musical language contains vast quantities of words to help people understand how original composers intended to play a specific piece. Musical language also has directions that allow and encourage some scope of original interpretation and minor departures from the written score, resulting in no two performances sounding exactly alike. The English language, as we know it, carries a very strong parallel to these same interpretable words. Dialect and slang are just two of the many connotative forms to speak different languages. All languages contain these variations and reinforce the need for striving toward understanding a basically generic language. It would be very difficult to speak to a non-English speaking person and clearly convey a message unless both persons were familiar with basic terminology. It would be just as unlikely to communicate a musical message to someone not educated or interested in musical interpretation. The term music in itself has many different connotations. One in the United States may not have the same perceptions as one whose origin is France or Australia, or elsewhere in the world. In my travels through Europe and South America I had a hard time finding any truly original, locally produced music. The majority of the music I searched through were also popular in the United States. It was very easy to find foreigners singing an American song using their interpretation of our language. The entire world seems to be able to communicate with music and seems to understand it enough to share their own musical interpretation. Music is a language of its own and depending on how we speak it, it too can accomplish a multitude of results. People are no more able to understand a foreign language without education than they are to understand the unspoken language of music without proper musical education. A single score of music interpreted with a few of many available musical directions can tell as many stories as there are variations. For example, playing Cristoforis Dream by David Lanz entirely lento-pianisimo (slow and very soft), creates a very peaceful and tranquil mood. Played again allegro-forte (lively, brisk, and loud), emits an uplifting feeling. Yet, by using both interpretations progressively and regressively within this identical musical score, one could feel depleted and elated in the same timeframe. This is perhaps the most ascribable reason to pursue a knowledge of musical semantics. Within music one expresses many emotions, speaks many languages, conveys complex messages, and !tells many stories. .u2ffbfdab6d62fcea1021f9e137ef57cb , .u2ffbfdab6d62fcea1021f9e137ef57cb .postImageUrl , .u2ffbfdab6d62fcea1021f9e137ef57cb .centered-text-area { min-height: 80px; position: relative; } .u2ffbfdab6d62fcea1021f9e137ef57cb , .u2ffbfdab6d62fcea1021f9e137ef57cb:hover , .u2ffbfdab6d62fcea1021f9e137ef57cb:visited , .u2ffbfdab6d62fcea1021f9e137ef57cb:active { border:0!important; } .u2ffbfdab6d62fcea1021f9e137ef57cb .clearfix:after { content: ""; display: table; clear: both; } .u2ffbfdab6d62fcea1021f9e137ef57cb { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u2ffbfdab6d62fcea1021f9e137ef57cb:active , .u2ffbfdab6d62fcea1021f9e137ef57cb:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u2ffbfdab6d62fcea1021f9e137ef57cb .centered-text-area { width: 100%; position: relative ; } .u2ffbfdab6d62fcea1021f9e137ef57cb .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u2ffbfdab6d62fcea1021f9e137ef57cb .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u2ffbfdab6d62fcea1021f9e137ef57cb .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u2ffbfdab6d62fcea1021f9e137ef57cb:hover .ctaButton { background-color: #34495E!important; } .u2ffbfdab6d62fcea1021f9e137ef57cb .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u2ffbfdab6d62fcea1021f9e137ef57cb .u2ffbfdab6d62fcea1021f9e137ef57cb-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u2ffbfdab6d62fcea1021f9e137ef57cb:after { content: ""; display: block; clear: both; } READ: Trifles EssayMusic can be a selfish form of conversation and it is not always necessary to have a recipient to convey a message. One has only to listen while playing music to communicate with themselves, yet most would suspect the stability of a person who attempted this scenario by simply talking and responding while alone. Music merges the physical aspects of harmony with a sublime and metaphysical effect creating an inner peace. Seldom will words alone be capable of accomplishing what just one musical composition can communicate when we teach our children to appreciate music.With all available forms of communication, one should never forget that listening carefully to m usicas we should listen to others speakcan clarify the true meanings of all languages. We should all strive to include intuition and intellect into language of any form. Intellect enlarges our range of instincts through newly absorbed information and enables us to reflect and analyze all forms of language. If communication is the purpose for language, we must then realize that speech is not the only form of communication, for life without smiles, hugs, sign language, and even music would be very unfulfilling. We must continue to educate our children in the musical arts and teach them yet another form of communication.

Suicide Solution Essays - Suicide, Assisted Suicide,

Suicide Solution I'm about to take up a position which is going to be deamed by some, if not all, as a terrible stand to take. As a matter of fact, if anyone were to agree with me on ths subject, I'd be surprsed. For you see, rather than arguing from the postion of suicide being an unjustified and inane way to die, I shall argue the other point. That being suicide does have its merits. Before you people start screaming, hear my case out. Most people argue that nothing justifies the taking of someone's life. Yet what makes life so valuable? Why do people cling to it so? All we consist of is a bunch of carbon atoms, bound together to form an exoskeleton, organs, and tissue. In this light, there really is not much to life. Out of the 5 billion who inhabit the planet, very few of them shall emerge to be true world leaders. The rest will just lead a mediocre life of work and little play. The taking of ones life can be argued from a populistic view as well. It makes little sense to preserve life in an over populated world. True, one less person here on there will not make a large dent. Yet if everyone who attempts or had attempted suicide were not stopped, the impact would be noticed. Another popular argument for stoppers, people who want to prevent suicide, is that nothing can be bad enough. Yet how do they know this? They do not have to put up with the same stuff the suicide victim does everyday. How could they possibly know what the potential suicide victim feels. Just as a severely burned victim may wish to be allowed to die in peace, the suicide victim wishes the same. To die in peace with no argument from others. The argument of "look at the people you will hurt" also does not hold. Imidiate family members will be the only ones to suffer any great pain. Friends will go on with thier lives and in time forget about the death. Imidiate family too will forget the loss in time. Although it will take most considerably longer for them than it will for friends. Finaly, the argument of suicide being selfish is hard to grasp. Selfish in whose eyes? Certainly not the eyes of the victim. To them, they consider it selfish of others to try and preserve their life. Again, the argument of the stoppers don't know what the victim has to go through. They are not the ones enduring the pain. Religious people also crop up into the debate. Catholics claim that for someone to committ suicide sneds their soul straight to Hell. In many religions, suicide is considered taboo. However why is this so? Why should it be looked upon as disgracefull, when some religions claim death the be the reward for people after their time on earth is done. Suicide is an issue which should be examined at by all angles. Not just from the angle that it is "wrong". End of debate. Rather it should be looked at from the point of view that "yes" for some people, they should be allowed to die in peace. -------------------------------------------------------------- Suicide Solution Essays - Suicide, Assisted Suicide, Suicide Solution I'm about to take up a position which is going to be deamed by some, if not all, as a terrible stand to take. As a matter of fact, if anyone were to agree with me on ths subject, I'd be surprsed. For you see, rather than arguing from the postion of suicide being an unjustified and inane way to die, I shall argue the other point. That being suicide does have its merits. Before you people start screaming, hear my case out. Most people argue that nothing justifies the taking of someone's life. Yet what makes life so valuable? Why do people cling to it so? All we consist of is a bunch of carbon atoms, bound together to form an exoskeleton, organs, and tissue. In this light, there really is not much to life. Out of the 5 billion who inhabit the planet, very few of them shall emerge to be true world leaders. The rest will just lead a mediocre life of work and little play. The taking of ones life can be argued from a populistic view as well. It makes little sense to preserve life in an over populated world. True, one less person here on there will not make a large dent. Yet if everyone who attempts or had attempted suicide were not stopped, the impact would be noticed. Another popular argument for stoppers, people who want to prevent suicide, is that nothing can be bad enough. Yet how do they know this? They do not have to put up with the same stuff the suicide victim does everyday. How could they possibly know what the potential suicide victim feels. Just as a severely burned victim may wish to be allowed to die in peace, the suicide victim wishes the same. To die in peace with no argument from others. The argument of "look at the people you will hurt" also does not hold. Imidiate family members will be the only ones to suffer any great pain. Friends will go on with thier lives and in time forget about the death. Imidiate family too will forget the loss in time. Although it will take most considerably longer for them than it will for friends. Finaly, the argument of suicide being selfish is hard to grasp. Selfish in whose eyes? Certainly not the eyes of the victim. To them, they consider it selfish of others to try and preserve their life. Again, the argument of the stoppers don't know what the victim has to go through. They are not the ones enduring the pain. Religious people also crop up into the debate. Catholics claim that for someone to committ suicide sneds their soul straight to Hell. In many religions, suicide is considered taboo. However why is this so? Why should it be looked upon as disgracefull, when some religions claim death the be the reward for people after their time on earth is done. Suicide is an issue which should be examined at by all angles. Not just from the angle that it is "wrong". End of debate. Rather it should be looked at from the point of view that "yes" for some people, they should be allowed to die in peace. --------------------------------------------------------------

Swot Analysis of Proton Essay Example

Swot Analysis of Proton Essay Analysis on Proton Radiation Whilst Michael Porter five’s forces or industrial analysis provides a scan on the changing industrial and observe the structure of internal competition of an industry, PESTEL analysis scanning the changing of the external environment which is beyond the control of the organization. PESTEL analysis is criticized as not an effective framework because there are certain weaknesses in the framework. For example, the fast changing environment and it is a not long lasting analysis. One of the example concerning on the Washington Mutual declared bankrupt due to unable to overcome the economic crisis that severely hits on the company’s finance. History Proton Holdings Bhd is a Malaysia stated-owned company. Proton is established on 7 may 1983 under the direction of the former Prime Minister Malaysia, Dr Mahathir Mohammad. Proton Holding Berhad is listed in the Main Board of the KLSE on 26 March 1992. The major shareholder of Proton Holding Berhad: Khazanah Nasional (42. 7%), Employees Provident Fund (EPF) (15. 7%) and Petroliam Nasional (7. 9%). Proton and Mitsubishi established joint venture project since the first Proton car produced in 1985. The first Proton Saga which produces based on the technology from Mitsubishi launched in September 1985 and the rest of cars has manufactured by proton with the collaboration with Mitsubishi such as Wira, Waja, Iswara and others. However, Mitsubishi sold its stake in 2004 but is still continue to supply the relevant components to Proton. In the same year, Proton announced to talks with Volkswagen AG to establish a partnership. The expectation on the tie-up may exploit each other’s strengths, but the talk has failed. In 2006, Protons sales dropped 30. % from 166,118 in 2005 to 115,538 in the market. This allowed the second national car Perodua to overtake Proton as the countrys largest passenger carmaker for the first time, with a 41. 6% market share, while Protons market share fell from 40% in 2005 to 32% in 2006. In the period ending December 31, 2006, Proton has also suffered three consecutive quarterly losses. Compared to a profit of 86. 5 million ringgit in 2005, the car c ompany lost 281. 5 million ringgit in 2006. Total losses in 2007s financial year climbed to $169 million. We will write a custom essay sample on Swot Analysis of Proton specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Swot Analysis of Proton specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Swot Analysis of Proton specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The acquiring 80% of the Lotus Group in 1996 by proton is only using the technological expertise of lotus to produce efficient car in Malaysia. In 2009, Malaysian government starts delivering information to the people on the Lotus Group which is owned by the national car makers Proton. Lotus Group is a United Kingdom based company which is a sport car manufacturer. The acquisition of lotus group by proton is to obtain mutual interest where the Proton will obtain the technological expertise from the Lotus Group and the Lotus Group need the assists from proton to boost the sales. In the fiscal year ended 31 March 2009, Lotus Group turnover is increased to RM574. 8 million compared to RM564. 3million in the year before. Vision and mission The company mission is to become a successful Malaysian automotive company and manufacture innovative product and affordable price to the local and even to the global. In order to get the goal success, Proton Holdings Bhd set five core commitments which are focusing on the interest of customers, shareholders, employees, business associations and the nation. Barrier entry Concerning on the current political and legal issues in Malaysia, the obstacles for the competitor in automobile industry is remaining high. Political The intervention of the government in the automotive industry in Malaysia is purposely to protect the national industry from the stiff competition raise by the foreign company in the industry. In order to protect the car industry, high tax of 140% to 300% imposed on the import cars. For example, in U. S a BMW 328i is sells only RM 155,369. However, in Malaysia the same model car is selling RM 460,000 after added the import tax. Malaysia is a member of ASEAN and WTO. One of the conditions in the AFTA is to removes or reduces the tariff system. However, Malaysia refuses to wholly remove its taxes on the importing. While in 2005, Malaysia has implemented its commitment to the ASEAN to reduce the tariff gradually and in 2008, the tax reduces to 0% to 5%. | IMPORT DUTY| Local Taxes| | CBU| CKD| CBU CKD| Engine Capacity (cc)| MFN| ASEAN CEPT| MFN| ASEAN CEPT| Excise Duties| Sales tax| 1800| 30%| 0%| 10%| 0%| 65%| 10%| 1800 – 1999| 30%| 0%| 10%| 0%| 75%| 10%| 2000 – 2499 | 30%| 0%| 10%| 0%| 90%| 10%| Above 2500| 30%| 0%| 10%| 0%| 105%| 10%| Table 1: Import duty Reduce of import tax force government to increase the excise duty on the people while to minimize the losses in reducing tariff. The tax imposed on both manufacturer is create an obstacles for the foreign companies from enter the automobile industry. According to the National Automobile Policy (NAP) review, Ministry of International Trade and Industry (MITI) will terminate the approval permits (AP) system imports of complete built up (CBU) vehicles and also the AP for used vehicles in 2015. No new pplications for Open AP will be considered and franchise AP will be terminated by Dec 31, 2020. Only the holder of approval permit is allowed to import cars and distribute it locally. If the franchise AP is terminated in 2020, the foreign car manufacturer has to only assemble car locally. Other than tariff, Malaysia Automotive Association (MAA) announces that the importing used-car, cut car, secondhand component and spare part in Malaysia is going to banned by the government. This is to protect the safety of the people from using used car and also to boost the sales of the spare part and the car sale in Malaysia. Together in 2015, the government is also attempt to put restriction on the vehicle which aged 15 and above to do mandatory check. The vehicle end life policy will be implementing in 2015 told by the transport minister Malaysia. The implementation will gives opportunities to the local and foreign automobile companies to raise the sales due to high price in spare part to replace in used spare part. Economic The growing economic in Malaysia is cause by the opens up of the economic trade barrier by the government to attract the foreign investment. The FDI of Malaysia in 1985 to 1995 is around USD 29 billion. While the inflow of FDI after Malaysia implements its commitment to ASEAN in reduces the import tax, there is an overall an increase of 3 billion of FDI to 6 billion in 2006 of FDI inflow. The declining restriction on trade barrier started on the fierce competition on the market. Table 2: Net FDI inflows, 2000-2008 Source: http://www. miga. org/documents/flagship09ebook_annexes. pdf On the other hand, the income per capita of Malaysian is increasing from USD 2516 per year in 2001 to USD 4776 in 2009. According to the forecast by Malaysian automotive association (MAA), the total industry volume forecasting will be increase from 550000 units to 570000 units in the next half year of 2010. This is due to the first half year sales performance of the vehicles is grew up to 19. 8% compared to the previous relevant period. Figure 1: Income per capita Government intervention in the oil price in Malaysia gives the reason for the oil price in Malaysia is the lowest among the neighbor countries. The manage float method is using to control the crude oil price in Malaysia. The subsidies by the government in the oil price reduce the burden of the people. While in 2010, government adjusts the new oil price to reduce the subsidy and the national debt. Figure 2: Oil price in Malaysia and neighbor countries In 2010, the loan interest rate has increased three times results on the latest increment to around 3. 85% to 4. 1%. However, Proton holdings Bhd discuss with the banks and financial institutions to reduce the impact of the increased interest rate that will affect the buying behavior of consumers toward cars. Even though the rose of the interest rate and the increasing oil price in Malaysia, this is not severely affected the consumer to buy cars†, said by MAA president Datuk Aishah Ahmad. Legal In order to start business in Malaysia, the foreign company has required registering and licensing with the provision of the control exist in general acts such as the Companies Act 1965 or the Registration of Business Act 1965. Manufacturing activities in Ma laysia must require a manufacturing license from MITI. However, there is a restriction control for foreign business or investor. Malaysia government controls the companies to resulting of the balance participation by the Malaysian, particular in bumiputera. Only manufacturer who have fewer than 75 employees and less than RM 2. 5 million in shareholders’ funds are exempted. One of the rules in the industrial coordination act 1975 stated that if 70% or more of the equity is held by foreigners, the balance will be reserved for the bumiputera and if less than 70% of the equity is held by foreigners, 30% will be reserved for bumiputera and the balance for non- bumiputera. Malaysia started to encourage environmental friendly cars to the market by promoting 100% incentive tax allowance for five years or pioneer status for a period of 10 years. The minister of finance told during the 2009 budget Malaysia that the imported hybrid cars will get exemption of 100% import duty and 50% excise duty. Proton is protected by the government policies by limited the foreign equity ownership and other to make the barrier of entry to the automotive industry difficult to the competitors. This is an opportunity built by the government for Proton since long time ago. There is no have other comparative advantage on Proton other on the price advantage. The acquisition of Lotus by proton is strengthening the product differentiation from the conservative Proton car’s model. The Proton Satria Neo which is the product representative of the Proton joint-efforts with Lotus engineering. The product differentiation and the price advantage gives proton one step up over other rivals in the industry. Thus, the opportunity cost for consumer to forgone the foreign car is high. Current situation of economy, legal issues and even political issues are all favored to the Proton. Since Lotus Group has been acquired by Proton, Proton should use the opportunity to transfer the technology know how to the Proton cars to produce product differentiation that is impressed everyone. Threat of substitutes Even though the barrier entrant in the automobile industry is remaining high, but, there is exists a strong rival to Proton. The main reason of the argument is referred to the second national car Perodua. The substitutes available in the automotive industry are the threat to cause Proton’s sales to drop. Appendix 3 shows that the top car sales in Malaysia in 2009. The top car sales in 2009 is occupied by the second national car Perodua, while Proton’s cars is on the second place lower than Perodua because of Perodua’s afford in improving its quality and refreshing their products which meet the needs of the customers is the reason that Perodua overtake the Proton as the largest car maker in Malaysia. Rivalry among existing firms Proton strongest rival in Malaysia is the second national car Perodua. Since Perodua introduce in 1993, the sales is overtake Proton after 13 years in 2006. In 2009, the share market of Perodua hits 32. % while proton stayed after Perodua which occupy 28. 6% of the market share. Perodua acknowledge that the consumer concerning on the affordable price when do purchasing of car. Offered 0% of down payment in buying Perodua car is attracted the buyer switching their target from proton to perodua. In addition, Perodua is also provides the cash rebate up to RM 2500 for the buyer. Other competitors of Proton inc lude Toyota, Honda and Nissan. In Malaysia, Toyota brings in the hybrid car which is high production cost car and its uniqueness creates a product differentiation for Toyota from its rivals. Toyota has a strong brand image in the world and it is the world best car seller. The brand loyalty toward the company is strongly beat the brand image of Proton in Malaysia. Moreover, Toyota has the strongest research and development among the automotive industry. They do research before introduce a new product to the market to ensure the well feedback from the consumers. For example, Toyota enables their consumer access to the development of the Toyota Prius features and characteristic before introduce it to the market. They found that the consumers are concerning on the affordable price, high technology, safety issues about the car. Moreover, Toyota enable consumers to do pre order before the car were delivered to the dealership. As a result, the sales of the Toyota Prius in the U. S is tremendously successful which the sales climbed 32% from 2001 to 2003. Buyer bargaining power Buyer has a lot of information exposure before do purchasing, information comparison on the price, features, and comments from the chat forums and others are easily available. Validity of information causes the high bargaining power of buyer on the car. Buyer decision is affected when the downturn of economic or low income. Only small amount of buyer is not affected toward luxury brand. According to a research, the Malaysian buying behavior is change according to the economy. 58% of Malaysian cut their spending during the economy downturn, while 81% of the respondent alleged that less spending on the luxury goods. These significant behavior shows that the price sensitivity among the Malaysian. The behaviors same reflect on the buying behavior of buyer on the car. As the increasing income per capita among Malaysian, the buyer has more variety of choice in choosing vehicle. Therefore, the Proton is suffered with the strong bargaining power of buyer and low switching cost from proton to the main rival Perodua that are enhancing the bargaining power of buyer. Bargaining power of suppliers According to the promotion of investment act 1986, government will provides incentives to the firms which are involved in the promoted activities or activities as determine by the MITI. While, this incentive is eligible apply on the transport equipment, components and accessories. This brings to the increasing of the number of component industry in Malaysia accelerates from 00 to 350 in 2003. 70% of these company supplies are to Proton Bhd. The high concentration of the suppliers leads to the low bargaining power of supplier to Proton. Conclusion The lack of innovation and weak management in the company are the major weaknesses to Proton Holdings Bhd. Whilst, the fast changing environment is not severely affected Proton that is protected under umbrella of government but is the competitiveness among the industry widen the gap between Proton and foreign vehicle to be on par. The comparisons apparently cause Proton loss its competitiveness among the automobile industry. The causes lead Proton struggle in the stiff competition in the automotive industry are due to the weak RD on the customer needs and no have innovation on the products. However, there are some opportunities for Proton to overcome it. For example, advance technology available in Lotus Group. Proton should starts to built its brand image and reputation changing to a more effective management and be more creative in producing vehicles. Appendix 1 Appendix 2 Appendix 3 Appendix 4 [ 2 ]. Day trading on NYSE, 2009. 10 largest bankruptcies in the history of the USA. Available on: http://nyse-trade. com/httpnyse-trade-ru10-krupnejshix-bankrotstv-v-istorii-ssha/ Viewed: 20/7/2010 [ 3 ]. Wikipedia, 2010. Proton (carmaker) Available on: http://en. wikipedia. org/wiki/Proton_(carmaker) Viewed: 20/7/2010 [ 4 ]. Barari, A. , 2008. Malaysia’s Proton to build new car with Mitsubishi Available on: http://www. motorward. com/2008/12/malaysias-proton-build-car-mitsubishi/ Viewed: 24/7/2010 [ 5 ]. The Star, 2010. Proton confirms talks with Volkswagen called off. Available on: http://biz. thestar. com. my/news/story. asp? file=/2010/6/7/business/20100607103 215sec=business Viewed: 23/7/2010 [ 6 ]. Tan, P. , 2007. Proton 2006 sales dip; EPF buys more Proton shares. Available on: http://paultan. org/2007/01/25/proton-2006-sales-dip-epf-buys-more-proton-shares/ Viewed: 24/7/2010 [ 7 ]. Whitley, A. , 2007. Proton posts loss as sales slump to lowest in 7 years. Available on: http://www. bloomberg. com/apps/news? pid=newsarchivesid=axpaLGflllBArefer=asia Viewed: 23/7/2010 [ 8 ]. Proton annual report, 2009. Available on: http://www. proton. com/public/media/mediacentre/documents/annualreports/AReport_2009 _3. pdf Viewed: 23/7/2010 [ 9 ]. Proton Holdings Berhad annual report, 2004. Available on: http://announcements. lse. com. my/EDMS/subweb. nsf/7f04516f8098680348256c6f0017a6bf/0ace7786fbc2707b48256f08003508b3/$FILE/Proton-Cover-Contents-AGM-CorpInfo-CorpGov-FinancialStatements%20(1MB). pdf Viewed: 20/7/2010 [ 10 ]. ELM international, Inc, 2010. Automotive supplier information: Malaysia. Available on: http://www. eautoportal. com/eap/data/country/country. asp? show=Malaysia Viewed: 2 3/7/2010 [ 11 ]. Malaysia: Government will impose excise duty on cars to make up tax revenue, 2003. Available on: http://www. just-auto. com/news/government-will-impose-excise-duty-on-cars-to-make-up-tax-revenue-report_id80405. aspx Viewed: 20/7/2010 12 ]. Wong, A. , Chia, H. G. , Chew, K. Y. , 2010. Review of the national automotive policy Available on: http://www. bakermckenzie. com/RROperatingReviewoftheNationalFeb10/ Viewed: 24/7/2010 [ 13 ]. Wong, H. T. , 2006. Foreign direct investment in manufacturing industry of Malaysia: An empirical study. Available on: http://myais. fsktm. um. edu. my/8153/1/Foreign_Direct_Investment. pdf Viewed: 24/7/2010 [ 14 ]. World investment and political risk, 2009. Net FDI inflows, 2000-2008 Available on: http://www. miga. org/documents/flagship09ebook_annexes. pdf Viewed: 24/7/2010 [ 15 ]. World consumer lifestyles databook, 2001. Gross income per capita 1990-2009. Available on: http://www. euromonitor. com/pdf/wcld_samples. pdf Viewed: 20/7/2010 [ 16 ]. Appendix 1 [ 17 ]. Appendix 2 [ 18 ]. Approval of manufacturing projects, 2008. Available on: http://210. 187. 41. 3/beta/view. php? cat=3scat=5pg=116 Viewed: 27/7/2010 [ 19 ]. Automotive News Topics, 2008. Malaysia Budget 2009 : 100 percent exemption of import duty and a 50 percent exemption in the excise duty for CBU hybrid cars Available at: http://kereta. info/malaysia-budget-2009-100-percent-exemption-of-import-duty-and-a-50-percent-exemption-in-the-excise-duty-for-cbu-hybrid-cars/ Viewed: 23/7/2010 20 ]. Malaysia: Government will impose excise duty on cars to make up tax revenue, 2003. Available on: http://www. just-auto. com/news/government-will-impose-excise-duty-on-cars-to-make-up-tax-revenue-report_id80405. aspx Viewed: 20/7/2010 [ 21 ]. Malaysian Automotive Association (MAA), 2010. 2009 top 10 popular car model in Malaysia. Available on: http://www . etawau. com/HTML/Car/INDEX_TopModel. htm Viewed: 24/7/2010 [ 22 ]. Perodua Viva, 2007. Available on: http://www. peroduapromosi. com/index. php? p=1_9_VIVA Viewed:

The History of Death and Burial Customs

The History of Death and Burial Customs Death has always been both celebrated and feared. As far back as 60,000 BCE, humans buried their dead with ritual and ceremony. Researchers have even found evidence that Neanderthals buried their dead with flowers, much as we do today. Appeasing the Spirits Many early burial rites and customs were practiced to protect the living, by appeasing the spirits who were thought to have caused the persons death. Such ghost protection rituals and superstitions have varied extensively with time and place, as well as with religious perception, but many are still in use today. The custom of shutting the eyes of the deceased is believed to have begun this way, done in an attempt to close a window from the living world to the spirit world. Covering the face of the deceased with a sheet comes from pagan beliefs that the spirit of the deceased escaped through the mouth. In some cultures, the home of the deceased was burned or destroyed to keep his spirit from returning; in other,s the doors were unlocked and windows were opened to ensure that the soul was able to escape. In 19th century Europe and America, the dead were carried out of the house feet first, in order to prevent the spirit from looking back into the house and beckoning another member of the family to follow him, or so that he couldnt see where he was going and would be unable to return. Mirrors were also covered, usually with black crepe, so the soul would not get trapped and be left unable to pass to the other side. Family photographs were also sometimes turned face-down to prevent any of the close relatives and friends of the deceased from being possessed by the spirit of the dead. Some cultures took their fear of ghosts to an extreme. The Saxons of early England cut off the feet of their dead so the corpse would be unable to walk. Some aborigine tribes took the even more unusual step of cutting off the head of the dead, thinking this would leave the spirit too busy searching for his head to worry about the living. Cemetery Burial Cemeteries, the final stop on our journey from this world to the next, are monuments (pun intended!) to some of the most unusual rituals to ward off spirits, and home to some of our darkest, most terrifying legends and lore. The use of tombstones may go back to the belief that ghosts could be weighed down. Mazes found at the entrance to many ancient tombs are thought to have been constructed to keep the deceased from returning to the world as a spirit, since it was believed that ghosts could only travel in a straight line. Some people even considered it necessary for the funeral procession to return from the graveside by a different path from the one taken in with the deceased, so that the departeds ghost wouldnt be able to follow them home. Some of the rituals which we now practice as a sign of respect to the deceased, may also be rooted in a fear of spirits. Beating on the grave, the firing of guns, funeral bells, and wailing chants were all used by some cultures to scare away other ghosts at the cemetery. In many cemeteries, the vast majority of graves are oriented in such a manner that the bodies lie with their heads to the West and their feet to the East. This very old custom appears to originate with the Pagan sun worshippers, but is primarily attributed to Christians who believe that the final summons to Judgment will come from the East. Some Mongolian and Tibetan cultures are famous for practicing sky burial, placing the body of the deceased on a high, unprotected place to be consumed by wildlife and the elements. This is part of the Vajrayana Buddhist belief of transmigration of spirits, which teaches that respecting the body after death is needless as it is just an empty vessel.

APPLIED INTEGRATED BUSINESS Essay Example | Topics and Well Written Essays - 500 words

APPLIED INTEGRATED BUSINESS - Essay Example From the above, various companies use various methods to ensure their success through both employee and customer satisfaction. This is because employee and customer satisfaction are the keys to business success. The video shows a manager who does not put customer needs at the core. The lady at the reception informs him of the dissatisfied customer but he reluctantly comes without the feel of urgency required. When dealing with customers, their needs should be given priority for them to have a sense of importance (Roche & Self 2012, p. 67). Moreover, the manager should ensure customer needs are met at all costs. The customer at the reception is urgently in need of a room but the manager downplays this urgency and seems to be interested in having an affair with her. Managers should draw boundaries between their social and professional lives. More so, the managers should not involve their customers in their social life at all costs (Roche & Self 2012, p. 141). The welfare and the needs of all categories of customers should be catered for, and in the event that a mishap occurs, remedy measures should be taken within the shortest time possible. This does not seem to be the case with the manager who fails to courteously assist the person on the wheelchair who is locked out of a reception due to inaccessibility of the venue. Furthermore, managers should use polite language whenever dealing with their clients as well as their employees (Roche & Self 2012, p. 101). This is paramount in ensuring good customer relations and the employees transfer it to the customers. The manager fails to courteously address the receptionist upon being told of the customer who wants to speak to him. Though he says he is busy, he clearly is not as he is taking coffee while checking the local daily. Good customer and employee etiquette requires the manager to listen carefully to

Obamas budget plan Essay Example | Topics and Well Written Essays - 500 words

Obamas budget plan - Essay Example Obama’s budget indicates that the country’s deficit will increase this year to its highest post-World War II level, and then gradually decrease over the decade. The article indicates, however, that it will remain at ‘troublesome levels’. Obama argues that his budget will save over $1 trillion by ending the previous administration’s tax cuts and by enacting a three year spending freeze. (the spending freeze won’t include spending on health programs, national security, and veteran’s programs) However, the article indicates that the savings are only, â€Å"one-fifth of the size of the debt that will pile up from now to 2020.† Major areas of change will occur in tax cuts. Large budget spending on military equipment will be supplanted by spending on education and civilian research. Taxes among oil companies and affluent citizens will rise. Small businesses, however, will see large amounts of tax reductions over the next decade. Spending will continue on the proposed health care system and energy infrastructure.. Food and drug research and biomedical technology will also receive increased funding. While NASA’s budget will be further reduced, spending on science will rise as the National Science Foundation will receive, â€Å"$7.4 billion, a nearly 8 percent increase from the budget last year.† While Republicans criticize Obama for the rising levels of debt, he argues that his administration will still maintain its goal of reducing the deficit in half before the end of his term in office. The article indicates that spending will necessarily rise as towards the end of the decade with large amounts of retiring baby boomers. Increasing health costs are greatly centered around the Department of Health and Human Services, and the National Institute of Health, both of which are receiving multi-billion dollar increases in funding. The article contends that a number of Obama’s proposed spending cuts may be difficult to enact in

Why Chinese communist party-led governance in China is stable and Essay

Why Chinese communist party-led governance in China is stable and sustainable - Essay Example Chinese Communist Party formed the strategy to achieve a peaceful rise after the entry of China’s economy into rapid growth period. An important role in this was played by the introduction of the Open Door Policy and the Reform in China. Times changed for better during the second half of the 20th century as the world moved from war toward peace. This very important change had a far-reaching impact on all of the world in general and on the developing countries in particular. In the present age, when development and cooperation is sought by most countries, the peaceful rise strategy of China has become consistent with the global trend. Sun Yat-sen expresses this notion in these words, â€Å"World progress is like a tidal wave. Those who ride it will prosper, and those who sail against it will perish† (Yat-sen cited in Jianmin). Chinese communist party-led governance in China is stable and sustainable because of its prudent strategies and foresightedness. Political Trends Mao’s Cultural Revolution caused the state economy to collapse. China was left in a profound identity crisis and required radical restructuring of its national character. Deng Xiaoping’s first challenge after his resumption of power in 1976 was to address this exigency with acceptable values and norms (Lu and Simons). Since 1978, the ruling Communist Party in China has directed the country’s foreign policy at development of strategic partnership with China’s old Western enemies and moved China’s economy toward capitalism.... etween the ideological strategies and fervor that worked during the yenan years, the prevailing condition of peasantry, and demands of the developing economy in China (Pradnyawati 33). â€Å"In  the  post ­Mao  Zedong  era,  the party  ideology  has  successfully  shifted  from  that  of  class struggle  to  one of  economic  development† (Zheng 13). In contrast to Mao, Xiaoping’s pragmatic leadership placed emphasis on economic development of China and relinquished mass political movements. The leadership adopted policies of economic reform at the Third Plenum in December 1978 in order to expand rural incentives and income, boost experimentation in enterprise autonomy, attract foreign direct investment, and reduce central planning. The plenum resolved to accelerate the process of legal reform. After resurgence of the conservatives resulting from military intervention in Beijing on 4 June 1989, the process of economic reform slowed do wn. It was Xiaoping’s visit to China that gave economic reform a new impetus in early 1992. At the 14th Party Congress, Xiaoping’s renewed efforts to make Chinese economy market-oriented got official sanction. Many pro-reform young leaders were rising to top positions at that time. Xiaoping made management of economy in a way that prioritized improvement of living standards in China his primary policy objective even if that required adoption of capitalist measures. Xiaoping’s economic openness policies were publicly endorsed by the Communist Party Politburo. Ever since, China has placed emphasis on economic openness. This has played a great role in China becoming the second largest economy in the contemporary world. State and society The Chinese leadership proceeded toward increasingly pragmatic positions in a variety of fields

How Research Has Changed Nursing At The Bedside Nursing Essay

How Research Has Changed Nursing At The Bedside Nursing Essay Research is crucial in defining the best practices of the nursing profession. It provides a means of ascertaining efficient medical practices and further advancing the existing body of knowledge regarding nursing. This paper therefore seeks to find out how research has revolutionized conventional nursing. The emerging technological changes and adjustments in health care policies have greatly changed the health care environment. This have prompted the nursing profession to re-invent itself to enable it provide satisfactory health care to patients in this new scenario. As part of the changes, nurses contemporarily have a more defined and professional role to play in the health care field. The role of ordinary nurse practitioners has further been widened to prescribe drugs and treat common illnesses, a role previously left only to doctors. Apart from looking after patients under doctors supervision, clinical nurse specialists now make diagnosis on patients and prescribe medication for p atients. How Research has Changed Nursing at the Bedside Nursing research constitutes a systematic inquiry designed to develop, refine and broaden knowledge in the nursing field. The nursing profession is undergoing tremendous changes and experiencing new challenges. To counter these social and technological challenges, the profession must employ patient oriented practices based on reliable findings from research. Research is normally used to assess the impact of nursing care on health of patients and effectiveness of nursing procedures (Gibbs Lowton, 2012). Significance of Research in Nursing Research in this field includes all the aspects of health care that are vital to nursing. These range from disease to injury prevention, promotion of healthy lifestyles and patient support. The changing legal, technological, educational and professional environments are also important areas for research in nursing. All nurses should therefore be involved in the research process though their roles may vary depending on educational and professional qualifications. The knowledge gained though research is crucial in implementing evidence-based nursing practice (Gibbs Lowton, 2012). Research has always been used to guide the nursing practice and nurses efforts to improve patients wellbeing. Positive findings are then adopted into patient while increasing efforts to eliminate sources of patient discomfort. To fit these findings into the clinical setup, the procedure involved their critical analysis and evaluation. By incorporating research findings into clinical practice and evaluating the progress achieved, the gap between researches and actual nursing practice has been effectively reduced (Curie, 2007). Higgins et al., (2010) suggest that clinical research is vital in finding new treatments and improving patient care. Research in nursing has improved amongst others the early diagnosis of patients, providing proper prescription and developing effective processes of looking after patients. Consultant nurses are at the forefront of research since they interact with patients at more personal levels and thus better understand their needs. An example of recent research involved finding ways of reducing accidental falls by hospitalized elderly patients at North Shore University Hospital (North Shore University, 2012). The use of low beds in the acute care setting resulted in elimination of vest restraints and received positive feedback from staff members, ailing patients, and their families. However, consultant research nurses need a thorough understanding of the research process and an in-depth knowledge of the specialty under investigation. Teamwork is also crucial in research investigations to achieve the intended purpose. Each member of the research team has unique skills and expertise to hasten the process. Participants first-hand knowledge further gives researchers better insight into important issues to address that may otherwise be overlooked by clinical officers. Duties of a research nurse include preparing trial protocols and documents for the research. They must also submit study proposals to the relevant legal authorities and coordinate the research to its (Gibbs Lowton, 2012). Accordingly, nurses must play the key role of patient advocacy during research studies to ensure their safety and protection. The patients must further willingly consent to participate in such research. This requires that participating patients be given full information regarding any potential benefits and risks they may be exposed to. It is therefore, crucial for nurses to have excellent communication and other interpersonal skills. Research nurses further need organizational skills in information technology to effectively manage the research process in the new millennium. A solid foundation based on years of experience in nursing is vital to this role. A comprehensive understanding of the specialty of research area and extensive knowledge of the research process and research-related legislation are also crucial. Collaboration with other researchers and members of the multidisciplinary team is crucial for successful research (Gibbs Lowton, 2012). How Research has Revolutionized Nursing The conventional role of the bedside nurse has changed over time due to adoption of technology and changes in the educational curriculum of nurses. Although the traditional role of nurses still guides nurse practitioners, more efficient ways of caring for patients have also emerged. The rapid changes in the health care environment means that nurses cannot only rely on school acquired knowledge but must constantly modernize their practices. According to Young (2012) the changing burden of disease requires a shift from acute care in hospitals to supporting people with long term conditions in the community. This can be facilitated through research to develop more efficient mechanisms of caring for terminally ill patients. Consultant nurses are at the forefront of revolutionizing nursing from the conventional bedside caring role. They are involved in establishing more reliable ways of caring for patients. They are also clinical leaders who can ensure that all quality initiatives are directed towards achieving the best outcomes for patients and to documenting and publishing patient, clinical and service-centered outcomes in ways that allow patients, families and members of the public to see how local healthcare providers perform. Clinical nurse specialists improve patient outcomes and are cost effective, so it is unwise to cut expenditures on health care research (Young, 2012). Darkins (2012) affirms that technological solutions have further modernized the nursing practice from the traditional perspective of bedside caring. Telehealth applications enable nurses hold face to face meetings with patients from remote locations. These applications also assist nurses to monitor patients from diverse localities. For instance, telehealth applications enable nurses to retrieve and transmit patients data in real time from their sick beds. Such technology has helped medical facilities with adequate nursing resources. The new technology has also reduced the need for home visits and 24 hour home based care. By adopting telehealth applications, nurses can extend their knowledge through easy information sharing (Darkins, 2012). The role of implementing recommendations from research is the responsibility of the individual nurse and requires restructuring of the entire health facility. Individual nurses should further be continuously striving to improve their practice to provoke significant change in the health care centre. For nursing practitioners to actually utilize evidence, the proposed solution must both be relevant and appropriate to solving the problem. Evidence Based Nursing Evidence based nursing uses evidence from research to make decisions concerning patient needs (Winters Echeverri, 2012). Based on existing resources and patient preferences, clinical officers are able to implement strategies that best address their patient interests. To gain the full benefits of evidence based nursing, nurses must adopt the most reliable sources of information including medical publications. It uses the premise that outcome on patients is highly dependent on the quality of information and how effectively it is used in decision-making. Evidence based practice seeks to replace the conventional bedside nursing practice. It uses controlled research trials to guide action from research results. It further raises accountability in nursing by identifying the best nursing practices. The major aim of evidence-based practice is to increase patients satisfaction and reduce instances of trial- error treatment. This is achieved through provision of high quality and cost-efficient nursing care. The focus is therefore shifted from common nursing habits and traditions to research oriented nursing. It eventually advances the quality of care provided by nurses (Winters Echeverri, 2012). It is imperative to note that nurses who participate in research projects promote research utilization and are more likely to apply research techniques in their daily practice. Furthermore, nurses who appreciate the significance of evidence-based nursing assume the role of mentoring their colleagues who are yet to realize the impact research inform ation in their duties. Conclusion Nurses are considered as key decision makers within the healthcare team. However, to make the right call, they need reliable and accurate first hand information concerning their patients. This is only possible from conducting accurate research regarding the problem area with clear set objectives (Curie, 2007). Patients provide the most accurate and reliable source of information in nursing research. By applying a holistic approach to patient care, nursing research has developed initiatives that are both effective and widely acceptable. Evidence based practice is a good example of the success of nursing research in patient care. The evidence-based practice decision-making model follows the path of searching, appraising and implementing effective strategies in patient care (Winters Echeverri, 2012). The health sector makes crucial advances daily that constantly expand the boundaries of conventional medicine. Nursing research implements these changes by developing new therapies for pat ients.

A Streetcar Named Desire, by Tennessee Williams :: A Streetcar Named Desire Essays

A Streetcar Named Desire, written by Tennessee Williams in 1947, has been called the best play written by an American. The setting of the play, New Orleans, creates a blended mood of decadence, nostalgia, and sensuality. The plot of the play comes about through the conflict between a man and his sister-in-law who comes to live at his house with he and his wife. Stanley and Blanche immediately capture the attention of the audience through Williams' portrayal of the intensely strong willed characters.   Ã‚  Ã‚  Ã‚  Ã‚  The Play takes place in a two-story apartment in the heart of New Orleans. Eunice lives on the top apartment and Stella and Stanley live on the bottom apartment. The set has a classic Creole ambiance. The props in the play as with the rest of the costumes, and set are based on pieces from the 1940à ¢Ã¢â€š ¬Ã¢â€ž ¢s. The props were very realistic, and very durable due to the fact that they had to stand up to Stanleyà ¢Ã¢â€š ¬Ã¢â€ž ¢s outburst. The props were very ordinary to show the humble life of Stanley and Stella in 1940à ¢Ã¢â€š ¬Ã¢â€ž ¢s New Orleans.   Ã‚  Ã‚  Ã‚  Ã‚  The costumes in the play reflected the plot of the play and gave insight into the characters that wore them. Stella and Stanley had simple costumes to reflect their simple impoverished life. Blanche outfits reflected her southern bell attitude, and set her apart from the rest of the characters so you could focus in on her. It showed that she like the best and would do anything for it.   Ã‚  Ã‚  Ã‚  Ã‚  The lighting set the mood for the play. In key scenes the lighting added another dimension to show the conflict and hardship in the story.

Chemistry Laboratory Report Essay

Title: Factors affecting reaction ratesProcedure A: Effect of ConcentrationAim: To investigate how the concentration of a reactant affects the rate of reaction. Hypothesis: The more concentrated the reactant, the faster the rate of reaction. Materials: 2M hydrochloric acid solution, magnesium wire, distilled water, 4 test-tubes, measuringcylinder. Procedure:1)10mL 2M hydrochloric acid solution is poured into a test-tube using a measuring cylinder. 2)A 3cm length of magnesium wire is added to the acid, and the stopwatch is started simultaneously. The time it takes for the magnesium to disappear into solution is recorded. This time is recorded in the results table. 3)The test-tube is rinsed thoroughly and step 2 is repeated using 8mL acid mixed with 2mL water. 4)This is repeated for each acid-water mixture, as shown in Table 1. Sources of error in this experiment: †¢The dilution process of the hydrochloric acid is very crude. This means that the reaction rate will be affected, but not by a lot. †¢The size of the magnesium wire is not equal. This will also affect the  consistency of the results, but again, not by a lot. †¢The recording of the time may not be absolutely accurate. The experiment could be improved by reducing the sources of error i.e. handling the equipment as accurately as possible. Conclusion: The higher the concentration of the reactant, the higher the rate of reaction.

Sor Juana essays

Sor Juana essays Throughout history, women have been forced into a subservient role, forced to abandon their own self-interest for the interest of men. Confined to the private sector of social life, women have had two choices, to follow the path of marriage or the path of serving their god. They have been forbidden to seek knowledge beyond that of the household and of religion. In I, the Worst of All, the protagonist, Sor Juana Ines de la Cruz, chose to serve God and defy social norms by continuing her search for knowledge. This renowned literary figure, whose thinking and ideals mirrored that of the Enlightenment, encouraged young girls and women, to develop their minds, for, as she said in the movie, Intelligence has no sex. Keep your eyes open and your ears also, so you can perceive everything. This thinking persuaded females to move outside the private sector and into the public sector destroying the boundary that segregated women from men. I, the Worst of All, Sor Juanas life, and the live s of Latin American women, reveal societys attitudes toward women, the social roles they were expected to conform to, and the choices for elite women, while at the same time, illustrating the circumstances and changes that revolutionized female life in Latin America. The social status of women in Latin America has been continually subjected to the ideology of paternalism. From pre-Columbian to colonial Spanish America a mans role was to guide and control, a womens to obey, whether within the context of kinship, marriage, or the church (Socolow 7). This can be seen in the choices of the elite women in Sor Juanas time. In pre-Columbian times, a wifes duties centered around her productive tasks within the household (including cleaning and fulfilling household religious rituals) (Socolow 22). For the most part, this was similar to, until recently, the social status of women in the United ...

Esearch method and processes.

Esearch method and processes. RESEARCH METHODS AND PROCESSESCritical essay on:Transcultural nursing: How do nurses respond to cultural needs?By Aru Narayanasamy.IntroductionThis critical essay is based on a chosen research. There is critical appraisal of the topic listed above because it is considered to be a relevant discussion, which is applicable to the current field of practice. There are many ways of presenting this essay but it has to be a limited description because only a certain amount of words is to be used. Therefore, the main goal of this essay is to establish a clear description of two of the major issues that have been found more relevant than the general issues concerned.Those two issues are firstly, the method used to elaborate on such a topic as transcultural nursing and secondly, the run through process that the author used for this article. In order to give this piece of work a good structure, the guidelines provided will be used.Nurse PractitionerBackground of researchIn order to obtain a sati sfactory presentation, adequate research has been conducted in order to gather information for analysis. The author's background has been checked via a status search process and his qualifications and experience were thus checked and approved. The author has many previous articles (refer to bibliography) in relation to spiritual and cultural concerns. She has an exceptional background in the field of nursing. The publisher of the article was verified as well and it is clear that the latter, "The British journal of nursing", is very reputable to professionals and public.The content of the article is very relevant to the title chosen. The aim, which is to discuss transcultural issues in relation to health care provided, is set from the beginning. The purpose of the study is reflected as well and it is...

The Impact Of Economic Growth, Political And Economic Systems On The Essay

The Impact Of Economic Growth, Political And Economic Systems On The Internalization Of An Organization - Essay Example Collective growth is the major slogan put forward by globalization. The concept of business has been changed from the domestic spectrum to the international spectrum as a result of globalization. It should be noted that many of the prominent organizations in the world were struggling to develop properly because of the lack of opportunities for expansion in the domestic market. For example, before the introduction of globalization American coffee maker Starbucks was struggling to expand properly since they had coffee shops virtually in every corner of America. In other words, American market was highly saturated for Starbucks before the introduction of globalization. However, globalization helped Starbucks immensely in expanding their business beyond the boundaries of America. Internationalization of a business or an organization depends on many factors such as the political, economic and cultural factors in the target country. Suitable business climate is essential in the target coun try, for an organization to think about offshoring their business to that particular country. For example, no organization would think about establishing a business in Syria at present because of the huge political problems going on there. Same way, only few organizations may think about expanding their business to underdeveloped countries such as Ethiopia or Somalia. On the other hand majority of the organizations are looking for opportunities in Asian countries or BRICS (Brazil, Russia, India, China and South Africa) countries because of the huge economic developments in those countries. In short, political and economic climates in a particular country play an important role controlling its ability to attract foreign direct investments. This paper analyses the impact of economic growth, political and economic systems on the internalization of an organization. What impact does a country's political and economic system have on its economic development?   China is often cited as th e best example to prove how well one country can utilize the possibilities of globalization to stimulate economic growth. It should be noted that China was the number one critic of globalization initially. They believed that some hidden agenda is behind the introduction of globalization by capitalist countries. They argued that globalization is an attempt to loot the wealth of poor countries. Overholt, (2005) pointed out that China opposed the â€Å"global economic order, political order and the major global institutions such as the IMF and the World Bank before the reforms started in China† (p.3). According to Hersh & Schmidt (2000), China like socialist countries perceived globalization as the continuation of capitalism (p.3). However, they quickly realized the possibilities of global trade and globalization and started to make immense changes in its political and economic systems to attract foreign direct investments. It should not be forgotten that Deng Xiao Peng was the architect of modern China even though Mao Zedong is believed to be the father of modern China. Mao was adamant so that he never deviated from the policies of communism. He never allowed foreign organizations to invest in China and private capital in any form was unacceptable to him. On the other hand, Deng welcomed foreign capital and private capital with both hands. He has realized the fact that China cannot develop properly with the help of internal resources alone. Being the most heavily populated country in the world, internal resources of China were insufficient to meet the needs of the people. Chinese government was struggling to ensure proper living standards to its citizens

Sales and ethics Essay Example | Topics and Well Written Essays - 250 words

Sales and ethics - Essay Example Ethics in sales entail earning the trust of customers through disclosing all information pertaining to the goods and services. The trust should be based on honesty, commitment and credibility of the product information. Some of the unethical sales advertisements or promotions include wild claims that are misleading or unsubstantiated claims on the product suitability and benefits to the consumer (Pride and Ferrell 105). Ethics in sales require marketers to disclose the safety of the product information, the reasons for change in the ingredients, the additional benefits of the product and reasons for price differentiation (Pride and Ferrell 105). The sales person should ensure products are distributed in channels that offer maximum customer value and reduce the price of the goods. The marketer should provide channels that customers can use to make complaints on defective products and mechanisms of dealing with customer dissatisfaction (Pride and Ferrell 106). The marketers should also promote practices that safeguard the customer right to choice, and that are compliant to existing legal framework such as the duty to safeguard customer confidentiality and privacy of information. The economic price should reflect the beneficial use of the product and the costs of producing and offering the product for sale (Pride and Ferrell 106). Ethics comprise of the values that guide an individual in differentiating what is wrong or right. Ethics in sales requires marketers to desist from engaging in activities that are morally wrong and that may cause harm to the consumer such as misleading advertising, and unfair pricing. The marketers should also comply with the legal framework on consumer confidentiality and privacy and ensures that customers attain value for their use of the product or

Cold Weather Essay Example | Topics and Well Written Essays - 500 words

Cold Weather - Essay Example Many people believe that flu and colds are caused by cold weather. To some extent, this notion is true. In essence, flu and colds are caused by viruses. However, people tend to be as close to each other as possible during cold seasons in an effort to keep warm. Getting too close to an individual with a cold or flu elevates your chances of getting the flu. In this viewpoint, cold weather contributes to the spread of colds and flu. In the contemporary world, people are increasingly being affected by lifestyle diseases such as diabetes and obesity due to sedentary lifestyles. One of the ways that such diseases could be avoided is through regular exercises and adopting healthier eating habits. During winter, people spend most of their time indoors and hence have little time to exercise outside their houses. Additionally, access to healthy foods is restricted during winter. For instance, it is difficult for an individual to walk to a supermarket selling fresh vegetables during cold seasons when fast foods can be brought into the house. In this regard, cold weather promotes unhealthy eating habits. People also react differently to changing climatic conditions. A switch from warm weather to winter could have psychological effects on individuals. During cold seasons, people are less likely to socialize and hence less likely to share their feelings and troubles with other individuals. Stress levels are more likely to be elevated when an individual is isolated from friends and family.

Direct and Indirect Cash Flow Essay Example for Free

Direct and Indirect Cash Flow Essay (According to â€Å"According to What Is The Difference Between The Direct Method And The Indirect Method For The Statement Of Cash Flows? (2004-2014),) â€Å"The main difference between the direct method and the indirect method involves the cash flows from operating activities, the first section of the statement of cash flows. (There is no difference in the cash flows reported in the investing and financing activities sections.) Under the direct method, the cash flows from operating activities will include the amounts for lines such as cash from customers and cash paid to suppliers. In contrast, the indirect method will show net income followed by the adjustments needed to convert the total net income to the cash amount from operating activities. The direct method must also provide a reconciliation of net income to the cash provided by operating activities. This is done automatically under the indirect method. Nearly all corporations prepare the statement of cash flows using the indirect method.† The reason for financial accounting standards board allows both methods are simple. Both statements of cash flow preparation methods are allowable under basic accounting standards. â€Å"The Financial Accounting Standards Board, however, prefers the direct method for the statement of cash flows. FASB prefers the method because business stakeholders find the statement easier to read than the indirect statement of cash flows. Companies prefer the indirect method as it is easier to prepare since the financial information is already at hand. Companies can include disclosures with either the direct or indirect statement of cash flows. These disclosures can detail any non-cash financing and investing activities. FASB often requires disclosures with the statement of cash flows. Companies can prepare a secondary statement noting any significant non-cash activities for stakeholders† (Direct Vs. Indirect Cash Flow Method, 1999-2014). References What is the difference between the direct method and the indirect method for the statement of cash flows? (2004-2014). Retrieved from http://www.accountingcoach.com Direct vs. Indirect Cash Flow Method. (1999-2014). Retrieved from http://www.ehow.com

Professor Vivian Bearing vs John Donne in the Play Wit by Margaret Edso

Is it possible to misunderstand something, yet still be guided toward its claims? Is it possible for something that ultimately has the greatest impact on your life to be unnoticed until the last possible moment? In most cases, a true revelation does not present itself until later in a person’s life. In the play Wit, by Margaret Edson, the character of Professor Vivian Bearing reaches a profound realization concerning one of the great impacts in her own life. Vivian, self-proclaimed intellectual and widely-feared professor, essentially devotes her life to the works of John Donne, a renowned metaphysical poet. She tirelessly prides herself on her exceptional skills and experience with analyzing Donne’s works, even in the midst of being diagnosed and treated for ovarian cancer. During her stay in the hospital, Vivian unwillingly sees that her lifetime analysis in Donne’s writings has only scratched the surface in comparison to the truth that she discovers in the last hours of her life. For the first time, she is able to personally relate to the speaker in the sonnets that she was supposedly so familiar with. In poetic terms, â€Å"wit† means the development of a metaphysical conceit. It is an insightful use of analogy, metaphor or inventive joining of dissimilar images to make a point in a poem. In these regards, this play has been appropriately titled. John Donne, whose Holy Sonnets make numerous appearances in the play, uses his metaphysical poetry to spark unrest, debate, and controversy. He himself wrestles with questions about faith, God’s mercy and judgment, human mortality, sin, damnation, absolution, and salvation. The Holy Sonnets are the product of doubter, one who has not yet found inner peace. This realization i... ...s a moment when she starts to see the true meaning but doesn’t want to accept it at first, which is evident from the groaning and â€Å"hiding.† However, at the end of the play and the end of her life, Vivian is ready to accept this truth that she herself is living out the same life as the speakers in Donne’s poems and begins â€Å"reaching for the light –â€Å" (Edson 66). Works Cited Donne, John. â€Å"Holy Sonnet 5, Holy Sonnet 6, Holy Sonnet 10.† John Donne’s Poetry: A Norton Critical Edition.†¨Ed. Donald R. Dickson. W.W. Norton & Company. New York, London. 2004. (Handout) Donne, John. â€Å"Hymn to God, my God, in My Sickness.† Poems of John Donne. vol I. E. K. Chambers, ed. London: Lawrence & Bullen, 1896. 211-212. Edson, Margaret. Wit. MCC Theater: New York City, NY, 1999 Gardner, Helen, ed. The Metaphysical Poets. London: Penguin, 1985.

Atlanta Home Loan – Case Study

Thank you for providing the background information of your company. Based on the information provided, there appears to be deficiencies in the control systems implemented within the operation. These control deficiencies were one of the main causes that allowed unintended individuals to gain unlawful control over Atlanta Home Loan. In order to prevent this from happening again, it is important to identify the main issues that caused the company to fall, generate alternatives to apply in the future, and evaluate these alternatives to see which controls would be most valuable to your future business.Control System AnalysisBefore attended the EMBA, your main system of control was action and result controls. Action controls were demonstrated in several control areas: direct monitoring of the credit inquiry of each loan application; close monitoring of the loan application/lead ratios and their trends to identify any irregularities; receiving funds directly from the proceeds at closing; re ceiving brokers’ checks overnight at AHL’s office or direct wiring of money to AHL’s general account. Result controls were demonstrated through AHL’s compensations to the loan officers based on who originated the deal.Since the school started, in addition to the existing controls, you have set  up remote monitoring system to keep track of employees’ daily activities as well as forwarded all corporate mails to California. These are also forms of action control. Provided that Wilbur generates revenues to the company, you compensate him through commissions. This is a result control.Generally, there are four types of common controls a firm can utilize when setting up their internal control systems: results, action, and personnel/cultural controls. As per the above analysis, it appears that AHL primarily used only action and result controls and lacked the use of the personnel and cultural controls. Action controls heavily rely on your personal effort in monitoring the behaviors of your employees; it does not promote goal congruence within the firm. Result controls provide autonomy or motivation for employees to strive better as a team, but the linkage between results and actions may not always be perfect.In the case of AHL, action and result controls are susceptible to fraudulent acts as they are evaluated based on the observation or outcome the company; they are more of reactive than proactive control systems. For example, there is a lack of monitoring of loan applications once they are past the loan officer level. In addition, there was a lack of segregation of duties within the departments of your firm.Wilbur had the use and privileges of AHL, as well, he was able to conduct human resources function at the same time have the authority to pay any office expenses. Further, signed blank checks were made available to the company management during your absence. These are control deficiencies that are visible for staff and are easy targets for misappropriations.Besides several weaknesses in controls, AHL does not have a sound company strategy. It is important to develop a corporate-level strategy by establishing a functional organizational structure as well as strengthen your business unit strategy by setting up a mission statement or a vision for your employees to realize.Preventing the Same Mistake from HappeningWe have identified the current controls implemented at AHL, some of the controls need improvements in order to prevent the same problems from happening. AHL should to consider strengthening your action controls by implementing the electronic links to the processors’ files so you can see the entire loan application process remotely instead of only checking the status at the loan officers’ level. In addition, Segregation of duties should be enforced by having separate individual personnel handling loan applications, loan submissions, paying office expenses, human resources, approving pay ments, and signing checks, etc.This would require the coordination of personnel controls which helps an organization find the right people, giving them a good working environment and the necessary resources to do their work. AHL should have a trained recruiting manager or an experienced staff to conduct the hiring and firing process. In addition, AHL should continue to establish a more effective motivational compensation plan (through its result controls) that not only rewards the outperforming staff, but also encourages synergy and goal congruence for the organization.This will be complemented through the implementation of cultural controls. AHL can set company code of conducts and statements of values, create an ethical tone at the top and promote employees in thinking more socially responsible. A company’s culture can unite its employees or attract new employees as they share a similar set of values. The alternative controls in place could help prevent your past mistakes a nd assist in hiring and rewarding trustworthy employees.RecommendationsAction, personnel, and cultural controls are three key controls that should be in place to reduce the probability of the case events reoccurring. If you can tighten the current action controls via the help of technology or an independent monitoring system, then the loan application to leads ratio could be significantly increased as it reduces the likelihood of any loan officers privately absorbing the loan applications without reporting them to the firm.A solid action control cannot be solely performed by your (one person), so implementation of personnel controls is essential which will allow you to recruit talented and trustworthy employees that prevent theft or fraud from reoccurring. Setting a clear mission statement and company corporate governance policy will provide an overall cultural support to the company that will complement the application of action and personnel controls. I hope the above memo can be a useful guidance for you in the future.

The Evolution and the Impact of Currency Futures in India

Currency futures trading started in India on August 29, 2008 on National Stock Exchange. This was the first time currency derivatives got listed on an exchange in India. Till this time, the currency futures trading took place over the counter and were unorganized. With the entry of the National Stock Exchange in the picture, currency trading became more organized with the NSE acting as a counter party to all the transactions. Soon after BSE and MCX also marked their entry into the currency derivatives market.Currency futures is mainly using as a risk management tool by exporters and importers. There are three types of traders are in the market i. e Hedgers, Speculators and Arbitragers. Currency futures are mainly used as a hedging instrument by importers and exporters. A foreign exchange deal is always done in currency pairs, for example USD-INR, GBP-INR, JPY-INR etc. In a currency pair, the first currency is referred to as the base currency and the second currency is referred to as the counter/base currency. Foreign exchange prices are highly volatile and fluctuate in real time basis.In foreign exchange contracts, the price fluctuation is expressed as appreciation/depreciation or the strengthening/weakening of a currency relative to other. The Currency futures contracts traded at the NSE have a tick size of Rs. 0025. tick value refers to the amount of money that is made or lost in a contract with each price movement. The spot market transaction does not imply immediate exchange of currency, rather the settlement (exchange of currency) takes place on a value date, which is usually two business days after the trade date.The price at which the deal takes place is known as the spot rate (also known as benchmark price). The two-day settlement period allows the parties to confirm the transaction and arrange payment to each other. A forward transaction is a currency transaction wherein the actual settlement date is at a specified future date, which is more than two w orking days after the deal date. The date of settlement and the rate of exchange (called forward rate) is specified in the contract.The difference between spot rate and forward rate is called â€Å"forward margin†. The pricing of currency futures can be done by using cost of carry model and interest rate parity principle. Importers are using long term strategy and exporters are using short term strategy. ` The trading can be done in NSE from 9. 00 am to 5 pm. Currency futures have a maximum expiration period of 12 months. Individuals, partnership firms, corporations and companies can participate in Currency future market. There are certain set of eligibility criteria for membership.The trading system at NSE is known as NEAT-CDS(National Exchange for Automated Trading- Currency Derivative Segment). The final settlement of futures contracts is effected on T+2 day basis as per the timelines specified by the clearing corporation. The final settlement date is the contract expiry d ate. Since the final settlement is done on the contract expiry date, the last trading day is two working days prior to the last business day of the expiry month at 12 noon.Derivative is a product whose value is derived from the value of one or more basic variables called base (underlying asset, index, or reference rate), in a contractual manner. The underlying asset can be equity, foreign exchange, commodity or any other asset. For example, wheat farmers may wish to sell their harvest at a future date to eliminate the risk of a change in prices by that date. Such a transaction is an example of a derivative. The price of this derivative is driven by the spot price of wheat which is the â€Å"underlying†.In the Indian context the Securities Contracts (Regulation) Act, 1956 [SC(R)A] defines â€Å"derivative† to include- 1. A security derived from a debt instrument, share, loan whether secured or unsecured, risk instrument or contract for differences or any other form of s ecurity. 2. A contract which derives its value from the prices, or index of prices, of underlying securities Derivatives are securities under the SC(R)A and hence the trading of derivatives is governed by the regulatory framework under the SC(R)A.The term derivative has also been defined in section 45U(a) of the RBI act as follows: An instrument, to be settled at a future date, whose value is derived from change in interest rate, foreign exchange rate, credit rating or credit index, price of securities (also called â€Å"underlying†), or a combination of more than one of them and includes interest rate swaps, forward rate agreements, foreign currency swaps, foreign currency-rupee swaps, foreign currency options, foreign currency-rupee options or such other instruments as may be specified by the Bank from time to time.