Fundamentals of Finance Case Study Example | Topics and Well Written Essays - 2500 words

Essentials of Finance - Case Study Example '10000000. To the extent the choice taken by the Swindon Plc is taken in to thought, it is applying MACRS (Modified Accelerated Cost Recovery System) deterioration is taken in to certainty. Four components are important to decide cost recuperation reasonings under the MACRS system. These are (1) class life, (2) depreciable premise after credit decrease, (3) obtaining year suspicion, and (4) recuperation technique. (The Modified Accelerated Cost Recovery System (MACRS) - Basic Rules. 2001). It is important to taken in to consider that the property or resource class lives ought to be not exactly the genuine existence of the benefit, with the goal that the rescue estimation of such resources ought to be zero. Cost isolation and quickened devaluation is fundamental for the powerful usage of speculation choice. Like insightful, it is important to build the incomes of an association. While computing the MACRS deterioration, rescue esteem isn't as much successful in some other framework for devaluation. On the off chance that a specific property is using for a time of five years or all the more then the deterioration rate ought to be determined as per this way First year-20%; Second year-32%; Third year-19.20%; Fourth and fifth year-11.52%; Last year or 6th year-5.76%. In this way, by utilizing this technique, during the last or 6th year, the estimation of the particular resource so devalued will be zero. (Salzmann 2007). In any association, its structure is taking in to actuality; there is an account office, which is assuming a conspicuous job, since fund is the existence blood of any business movement. The essential and most principal budgetary exercises are readiness of Balance sheet, Income explanation, examination of investors value and income, apparatuses revenue driven investigation, arrangement of capital and money financial plan. Pace of Depreciation of Swindon Plc under MACRS Method. YEAR MACRS % Applicable 1 20% 2 32% 3 19.20% 4 11.52% 5 11.52% 6(Final Year) 5.76% In this specific case, the all out price tag of Drill and stage is '10000000; and this stage can be sold for '3.5M. for example '3500000 inside a time of five years. At that point, from there on, Swindon plc purchased another stage costs '14M for example '14000000 with an expansion of '1M for example '1000000 as establishment charges. The most recent stage ought to likewise have an expected existence of five years. Be that as it may, Swindon chose to attempt the deals of the most recent stage following five years, at an expense of '4M for example '4000000. The Overall Summary of Drill and Platform of Swindon Plc. Points of interest A) Cost of existing platform.Total selling cost after 5years. Sum (in ') '10000000 '3500000 B) Cost of new drill and platform.Add: Installation charges. Absolute expense of Drill&Platform. Absolute selling cost of new stage and drill. '14000000 '1000000 C) '15000000 '4000000. Income investigation is a significant device with the account director for finding out the adjustments in parity of money close by and money at bank. Income articulation examinations the explanations behind changes in parity of money close by or at bank between two bookkeeping period. Also, it shows the inflows and outpourings of money, for all intents and purposes, sources and uses of money. Money creating productivity is a reality utilized while setting up the income explanation.

Literaty Anaylsis Essay Example | Topics and Well Written Essays - 500 words

Literaty Anaylsis - Essay Example The paper attempts to make an abstract examination of Frost’s sonnet â€Å"Birches† laying unique accentuation on its topic and the scholarly gadgets utilized in it. One of the significant subjects of the sonnet is that of creative mind versus reality. The writer, similar to the birch pleasure seeker, attempts to fly into a fictional universe, however he at last understands that â€Å"one must stay inside the characteristic world itself and that total getaway into the universe of the creative mind is impossible† (Birches: Themes). The writer finds the birch tree â€Å"bend to left and right† and he comprehends the truth that it is the consequence of ice-storms. In any case, his creative mind goes past the genuine explanation and infers that some kid would be swinging on the birches. In this way, the pressure between â€Å"the genuine world and the universe of the creative mind, runs all through Frosts verse and gives the sonnet philosophical measurement and importance far more noteworthy than that of a basic reflection on birch trees† (Birches: Introduction†). Later the artist himself relates to the kid and believes him self to be a birch pleasure seeker. The writer is of the supposition that when one is â€Å"weary of considerations† and life is by all accounts â€Å"a pathless wood†, he/she is very liable to â€Å"to escape from the earth awhile†. In this manner, the moving of the kid in the sonnet represents man’s escape from this present reality to the universe of creative mind or dream and his coming sensible recommends returning to the universe of the real world. For the artist, the getaway from the earth is just fleeting and this intermittent move to the universe of creative mind gives one the inward solidarity to confront this present reality. As Frost himself puts it: â€Å"Id like to escape from earth for some time/And then return to it and start over†. Toward the end, the writer goes to the acknowledgment that the â€Å"earth is the perfect spot for love† and that he can't locate a superior spot than this. In this manner, the sonnet can be proper ly comprehended as a contention of the spirit

8 Examples of Professional Out of Office Email Messages

8 Examples of Professional Out of Office Email Messages “Communication is the key for any global business” â€" Anita RoddickTechnological advancements of our era have enabled people all over the world to communicate without any boundaries. For example, you can write an email message to anyone on the planet Earth and get a reply within several minutes or even seconds.However, there are certain times when you simply do not have access to your email’s mailbox.But nowadays, it does not matter what your profession is, your career success will hugely depend on the effectiveness and efficiency of your communication.Therefore, when you are unavailable to timely respond to the emails you receive, you should do your best to let your colleagues and clients know of this, as well as when will you be able to respond to their messages.Luckily, doing this in the age of the Internet is a very simple thing. In our digitalized world, people came up with so many solutions to the problems we did not even know existed.With the help of software programs, now people can set up everything however, they wish. For example, a software such as Microsoft Outlook will assist you in creating your out-of-office auto responding emails.It is easy to use and YouTube is full of useful tutorials on these subjects. You should definitely check it out! I will attach links down below. After you decide you need to set one of these auto-reply emails, you will find yourself thinking what to include in them.If it is your first time setting up an out-of-office email message, it might be a daunting task, so that is here is this article to help you in this situation.WHEN PEOPLE USE OUT-OF-OFFICE EMAIL MESSAGES?Firstly, let us find out what are the cases and situations you will use auto responding out-of-office emails.For example, you can use them when you are out of town for business or training purposes, you are on a vacation with your family or on a sick leave.In addition, you might have to use them when you take a bereavement leave; when you are too busy or have urgent work commitments to do at that moment.On the other hand, you might simply not want to be bothered by emails for a certain period so you can focus on something else.So now, let us dive in into why people should definitely use the auto responding emails for out-of-office situations.WHY SHOULD YOU USE OUT-OF-OFFICE EMAIL MESSAGES?You should consider setting up an auto-reply message for any of the following reasons:Makes your job easierLeaving your email inbox for a long time unattended is a very irresponsible thing to do.Does not matter if you are the head of the department or a part of the team, being responsive to the people who connect with you is essential in every working environment.That is why, to make you look professional at any time, auto-responding emails were created. You get a new mail in your mailbox, but you are unable to respond to it? Then, the out-of-office mail responder will do it instead of you. Amazing, huh?This tool will save you a lot of nerves an d time thinking about your unanswered emails. You will not even think that you will lose your contact with the colleagues and partners.You will simply postpone your communication in a very polite manner.ConvenientImagine you are on a vacation and you need to relax fully. However, you are worried that your clients and associates would not know that you are unavailable.So, you will be obliged to check your mailbox frequently during your vacation. That would not be much of a vacation, right? On the other hand, if you were attending a very important training for a couple of days and you are not available to check your mail â€" then you would not be focusing much on learning new things if you were constantly considered with your unanswered emails.Out-of-office auto-responding emails are the synonym for the word ‘convenience’ in these situations. Just set up everything right and you are good to go.The senders will be notified very quickly and they will be able to undertake other measu res or contact other people if they have urgent issues.We will also discuss what to do in cases of emergency down below. Let’s people know why you are not availableIt is indeed important to let your colleagues and partners know about your absences and about when you are going to be available again.Some of them may have a vague understanding why you are missing from your work post; some may not have any idea of your whereabouts.Sharing this information in your out-of-office reply, without any inconvenience to you, is the best solution.In this case, your professional image will not be harmed by looking like you are absent from work without a reason. Therefore, if you are someone who values his/her work reputation, you should definitely consider setting up auto responding for the next time you are absent.Won’t make you look unprofessionalSometimes, you will be in a very difficult situation of not being able to answer to your colleagues, clients or partners in a timely manner. In th eir eyes, you will start to seem very unprofessional and arrogant, like someone who just ignores emails and considers them not important.Therefore, to prevent this type of thing from happening, you should start considering setting auto-replying emails even for short absences from work.So now that we have thoroughly discussed why these emails are important and why you should use them, let us discuss what you should include in your professional out-of-office emails.8 EXAMPLES OF PROFESSIONAL OUT OF OFFICE EMAILSAll of the types of the emails discussed below are appropriate to use in any working environment. They are both informative and professional, as they give the essential information about your absence and when you will be back to work. This information can be shared with the emails senders in a creative way as well, while still keeping up with the professional standards.Creative out-of-office emails are also appreciated and welcome in almost every working environment. Give freed om to your imagination and creative thinking; use the opportunity to write a memorable email to the person communicating with you.Let us review few examples of the emails you should consider setting as auto responding emails before leaving your office.The simplest oneThe first and the shortest one is an email just containing vital information. What does the sender need to know? The most essential thing â€" for how long will you be unavailable.When will they be able to reach you finally?Dear (Sender),Greetings and thank you for emailing me. Currently, I am out of office and cannot answer your mail personally. I will be absent from (the time your absence starts) until (the time your absence finishes). I will answer your email very soon upon my arrival.Sincerely, XXXIt can be clearly seen that the email above gives the most important details about your absence. This information should be enough for most of the people who will send you an email while you are away from work.However, some of the senders may be willing to discuss with you some professional matters with certain deadlines.What will you do in this situation?Let us look at the next example.A little more detailed but still a simple oneIf you worry that the information in the previous example is not enough, you may also add an emergency contact. This will ensure that the person contacting you will be able to communicate their issues, offers, orders, etc., with whoever can cover for you while you are away.In this case, you should provide names, work phone numbers or emails addresses to be able to help the email sender. Who knows what type of emergency this can be?Let us see the example of such an email.Dear (Sender),Thank you very much for emailing me. Currently, I am out of office and cannot answer your mail personally. If it is urgent, here is an emergency contact you can communicate with: (Contact details of that person such as their name, email address, work phone, etc.) I will be absent until (the day your absence finishes). I will get in touch as soon as I come back to work. Thank you for understanding and patience.Sincerely, XXXThis is the example of the email you see the most when getting automatic reply emails and the most concisely written out-of-office email that provides everything the receiver needs to know.An email that leads to a subscriptionAside from telling the sender the general information about your departure or unavailability, you may use this opportunity to lead the sender to a place you want them to be.It may be a subscription offer to a newsletter, a link to a video or a website, etc. In other words, you can benefit in other ways from this communication moment â€" such as gaining a new client or a new mailing list subscriber.So go ahead, insert a valid link or an invitation!Dear (Sender),Thank you for emailing me. Currently, I am out of office and cannot answer your email personally. I will be absent until (the day your absence finishes). Please make sure to c ommunicate your urgent issues with this person: (contact details of that person). Meanwhile, you should definitely check out this (link, invitation). Send me your opinions later.   I will get in touch very soon. Thank you for understanding.Sincerely, XXXDefinitely, after getting this email, the sender will be interested in the link and/or offer you provide.Seize the opportunity and benefit from it later.Who knows what clicking this link will result in?An email that leads to social mediaYou may not have any hints, but the person who emails you while you are away from work can have a serious business opportunity for you.In the automated out-of-office reply, you can add links to your social media professional pages or to your company’s webpage.This bit of information will give more information to your sender about you/your company to keep them interested in pursuing the business matter when you return to work.Alternatively, if the matter cannot wait until your return, they can try to reach you on the social media profiles you check while you are away.Dear (Sender),Thank you for emailing me. Currently, I am out of office and I will be absent from/to (the time period of your absence). If you have urgent manner, do not hesitate to contact me on via this Facebook page (or other social media pages where you will be available). In addition, you can contact the company via this webpage (linkto the company website) Sorry for any inconvenience this may cause. I will get in touch very soon. Thank you for understanding.Sincerely, XXXThis type of email is great for further relationship building and future cooperation between your company and the sender’s company or you and the sender himself/herself.It will establish closer and friendlier relations between the two sides.An information emailBesides the types of emails that lead to subscription and social media, let us discuss the last one that includes an information link or/and an attachment.If you are waiting for someon e to email you asking for any information clarification (or if people usually email you/your work position so you can give them some piece of information), then you can include this information in your out-of-office email message, as well as add links to useful sources about the subject matter.In other words, this type of email will provide a link to materials that may be used by the sender of the email.This way you will definitely give answers to the sender’s questions without answering personally.Let us see it in the example.Dear (Sender),Thank you for emailing me, but please accept my apologies for not being available. I will be out of office for (the time period). If my guess is correct, then you are emailing me for information on (the subject matter). Attached I am sharing useful files and here are some links you definitely should check out. Hope I was able to help. I will get in touch soon upon my return.Best, XXXLike this, you can still provide useful materials to those who may need your assistance while you are drinking cocktails on a beach.A creative oneYou will be taking a break from work soon, so you may as well use this opportunity to write a funny or creative email. A joke or a funny story will definitely be appreciated.This type of out-of-office email will give you the chance to use your creativity to its fullest potential and you will nicely surprise your sender when they receive an email like this one:Hey there,I was abducted by aliens and this is the only message I was able to create. They said they would drop me back to work on (the date of your return). In the meantime, if you want to connect with someone else still at my precious working place, here are some contacts (contact details).See you soon… hopefully, XXXLet your imagination run wild and write whatever you want (still appropriate in professional settings, of course).You may use references from movies, TV shows or books, you may also tell a funny or interesting story.I am sure th at if you try you will definitely compile an out-of-office email more creative than the one above.Add cute images to your mailWho does not like cute puppies? In addition to the essential information, you can add an image to show you care about the sender or the planet. Adorable puppies, kittens or any other little animals that will give smile to everyone can be added to your out-of-office auto-reply email.You can just find a free photo on the Internet to use for this kind of email, but your company culture will dictate the right type of photo you should select for this purpose.Hey there,Please accept my apologies for not answering your email immediately. I have attached an image of a cute puppy I found on the Web, so you do not get mad at meJ. I am also giving you the contacts of my partner you can contact if you have urgent issues to discuss. I will be back soon.Sincerely, XXXThis example is truly adorable and cute. However, not everyone will be willing to use it in his or her offi cial communication. Some may even find it unprofessional or inappropriate to set such auto-responding email, so if in doubt â€" check with your supervisor.Unleash the poet in you  As we have already discussed out-of-office email examples with funny and cute content, it is now the time to exploring an example with a poem. Yes, you read it right â€" a poem.Here again, you are free to use your creativity and writing talent.Dear Sender,Roses are red, Violets are blue, I am out of office,Whom should you write to? Here are the contacts of my trusted persona: (contact details)Sincerely, XXXNot that difficult, right? In a very short email here, you showed your awesomeness and at the same time, you gave the needed information to the sender. You should aim to be short and informative here. Here I also believe that you could write a better poem than I did, so work your writing magic.Mix it allIn this article, I have managed to come up with several ideas on how to write both creative and formal out-of-office auto-reply emails â€" you are free to use any of those. In addition, you can use a mix of the above emails; just create a perfect one for you.You may like the combination of a lead generator and add a funny story to it. You can also add images of cute puppies or kittens then write a poem and set it as your auto-responding email.Depending on your company correspondence guidelines, you might be free to use your imagination, and express your own personality in the auto-reply emails your associates will get while you are away from work. Everyone has certain unique characteristics and there is no such thing as ‘one-size-fits-all’ when it comes to writing out-of-office auto-reply emails.CONCLUSIONIn the digitalized world of ours, even one missed call or message may have drastic consequences for you, your career and your employer. Communicating your problems, absences and other important issues are vital to position you for success at your workplace. Quick responsiveness is a quality that people working with you will always appreciate.Auto-responding emails are really a lifesaver nowadays and we should thank the people who created them. They are an easy way to notify people who get in touch with you about your absence from work, while your professional image in the eyes of your colleagues and partners will stay intact.

One of the Professional Speech Examples on Leadership

Mastering the tricks of any trade is an admirable endeavor but having the ability to speak authoritatively will take you farther in life. This is why learning the ropes on how to deliver a professional speech is important for every student looking to build a successful career after college. Although the art of the presentation may not be taught in schools, here you will find some tips on preparing speeches and becoming an inspirational leader. Since the beginning of time, the term â€Å"leadership† has spawned diverse maxims and explanations on what it means to be a leader. Niccolo Machiavelli believed that a good leader must either be feared or loved in order to lead, while the Bible says a capable leader must first serve his or her followers in order to earn their followership. Leadership is the ability to create an inspiring future that motivates people to engage with it. A leader serves as the anchor needed to turn that vision into a reality. Leaders are important figures in every aspect of our lives including governing, religion, work places, etc., for each aspect requires someone to steer the populace in the right direction. To accomplish this, there are time proved skill sets every aspiring leader must have in order to succeed and here are the key attributes. Leaders inspire and motivate others: without motivation, it is impossible to achieve something of note. Great leaders create a vision of the future that must be compelling enough to ensure that people buy into it. A belief in a leaders mission creates a sustainable environment where people will be inspired and motivated to contribute their quota in bringing this vision to life. Therefore, a leader must master the ability to accurately communicate ideas through speeches and presentations in order to inspire. Moreover, leaders display integrity and honesty: in old monarchial governments, the ruling class always set the trends on dressing, worship and art which the populace followed without objections. Today, a leaders example directly affects the attitude of his/her followers which means displaying a high level of integrity and honesty. Therefore, a leader must avoid hypocrisy by walking the talk. Leaders solve problems and manage the achievement of set goals. The legendary entrepreneur, Elon Musk, has always been lauded for his ability to go into the trenches with his staff when the need to solve difficult problems arise. A key to motivating followers is to share their daily labors and to be a source of assistance at critical moments. This provides a measure of credibility to the leader when he/she demands a listening ear and loyalty from followers. Great leaders must also set performance goals in order to measure progress of achieving the goals. Tracking and managing results allows them to spot valuable assets and reward them accordingly. Developing one’s leadership skills is a continuous process which requires dedication to professional development. Prospective leaders must invest in mastering the art of leading by studying professional speech examples and participate in trainings in order to achieve greatness. References Adler, N. and Bartholomew, S. (1992). Managing globally competent people.  Executive, 6(3), pp.52-65. Cannon, T. (2000). Leadership in the New Economy. In:  The National Leadership Conference: The Royal Military Academy. Cheng, B., Chou, L. and Farth, J. (2000). A Triad Model of Paternalistic Leadership: The Constructs and Measurement.  Indigenous Psychological Research in Chinese Societies, 14, pp.3-64. Dorfman, P., Howell, J., Hibino, S., Lee, J., Tate, U. and Bautista, A. (1997). Leadership in Western and Asian countries: Commonalities and differences in effective leadership processes across cultures.  The Leadership Quarterly, 8(3), pp.233-274. Fu, P., Wu, R., Yang, Y. and Ye, J. (2007). Chinese Culture and Leadership. In: J. Chhokar, F. Brodbeck and R. House, ed.,  Culture and Leadership Across the World: The GLOBE Book of In-Depth Studies of 25 Societies, 1st ed. Mahwah, NJ: Lawrence Erlbaum Associates Publishers, pp.877-907.

Essay on Educating Prisoners - An Unnecessary Effort

Educating Prisoners – An Unnecessary Effort Crime knows no bound, no race, no social status, no gender. In prisons, all criminals are criminals, whether they have committed felony, rape or assault. White-collar crimes are the same as any other crime. Still, most inmates are from the middle class and lower class of our society. However, committing crime, and what kind of crime, is still the choice of the person, whether he has attained a formal education, a higher degree of learning or not. Still the fact remains that the scope of understanding and the extent of knowledge of white-collar crimes, being more complicated by systems and networks, require some kind of formal education, if not an extensive one. This does not mean that†¦show more content†¦This then results to the third phase in the educational cycle of prisoners, their frustration regarding their newfound skills and knowledge. With the stunted growth of knowledge, the prisoner student has difficulty in quenching the need to further learn and understand. And with the newfound skills and knowledge, he aims to use this in a practical way. He proposes programs but when these programs become too successful that they need outside contact, it is abruptly cut again. The practical application is also stunted. What will the inmate then do with his skills when he is confined in a very limited space to use his skills? The skills are underutilized and furthermore the experience breeds more contempt and alienation . But a more pressing factor for discontinuing prison education is the conditions inside the jail. An example is the lockdown, â€Å"used a security measure, a lockdown confines prisoner to their cells for an indefinite period† (Thomas 28). This disrupts the class, as the inmates are not permitted to go outside of their cells unless they are assigned maintenance of the institution. This can happen to just one group of detainees that the other groups get ahead of them in their tasks, the inmates in a lockdown are pressured to catch up with the work. Schedules of hearings and trials also disrupt the class schedules. Another condition is the jail staff andShow MoreRelatedBeing An Organ Donor Before They Die994 Words   |  4 PagesThe first strategy suggested being Education; some educational efforts focus on increasing the number of people who consent to be an organ donor before they die, and others focus on educating families when they are considering giving consent for their de ceased loved one’s organs. Another potential strategy is mandated choice where every individual would have to indicate their wishes regarding organ transplantation in legal documents e.g. drivers licenses and hospitals must comply with the writtenRead MoreWhy Do People Fear And Reject Others Who Are Different?994 Words   |  4 PagesPunishment was often harsh and brutal. When students were caught attempting to escape the school, they were locked up as prisoners. In addition to attending school every day and learning new skills, the children often worked jobs as servants to families in the city to earn additional funds for the school. This environment of abuse, borderline starvation, and exhaustion at Carlisle was unnecessary for the Native American children to endure, since schools were located on or in close proximity to their reservationsRead MoreIn the Belly of the Beast by Jack Abbott Essay example1907 Words   |  8 Pagesacceptable response to crime. However, they do not correct the wrong or rehabilit ate the individual(Gonzales).Abbott exposes that the American institutionalization systems are cruel and not sufficient for rehabilitation. In the penal systems, prisoners are dehumanized, stripped over their human rights. Abbott explains that he was beaten, humiliated, and thrown into solitary for days for the slightest misbehavior. 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We make â€Å"convicted felons† an untouchable class, locking them out of normal society and worthwhile employment, making continued crime all the more attractive. Instead of facilitating prisoner re-entry, we strain to make it difficult and almost impossible for some. More often than not no real intervention until criminality is firmly established and has become a pervasive lifestyle. Too many people including decision-makers believe â€Å"rehabilitationRead MoreWhat is Corporate Social Responsibility?5030 Words   |  21 Pagesadditional responsibility of upliftment of society, be it socially, environmentally or ethically, otherwise a day would come, when imperialism and ecological disturbances created in society would be a black hole for you that will swallow you and all your efforts throughout the years would turn kaput. 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The Vaccine Controversy Free Essays

The vaccine controversy is the dispute over the morality, ethics, effectiveness, and /or safety of vaccinations. The medical and scientific evidence is that the benefits of preventing suffering and death from infectious diseases outweigh rare adverse effects of immunization. Since vaccination began in the late 18th century, opponents have claimed that vaccines do not work, that they are or may be dangerous, that individuals should rely on personal hygiene instead, or that mandatory vaccinations violate individual rights or religious principles. We will write a custom essay sample on The Vaccine Controversy or any similar topic only for you Order Now And since then, successful campaigns against vaccinations have resulted in unnecessary injuries and mass death. Vaccines may cause side effects, and the success of immunization programs depend on public confidence for their safety. Concerns about immunization safety often follow a pattern: some investigators suggest that a medical condition in an adverse effect of vaccination; a premature announcement is made of the alleged side effect; the initial study is not reproduced by other groups; and finally, it takes several years to regain public confidence in the vaccine. In this paper I will be explaining several areas of the vaccine controversy: 1. The history of vaccinations and effectiveness 2. Why some parents are against immunizations 3. What are the findings Vaccination became widespread in the United Kingdom in the early 1800’s. Before that, religious arguments against inoculation (the placement of something that will grow or reproduce) were advanced. In a 1772 a sermon entitled â€Å"The Dangerous and Sinful Practice of Inoculation†, the English theologian Rev. Edmund Massey argued that diseases are sent by God to punish sin and that any attempt to prevent small pox via inoculation is a â€Å"diabolical operation†. Some anti – vaccinationists still base their stance against vaccination with reference to their religious beliefs. Public policy and successive Vaccination Acts first encouraged vaccination and then made it mandatory for all infants in 1853, with the highest penalty for refusal being a prison sentence. This was a significant change in the relationship between the British state and its citizens causing public backlash. After an 1867 law extended the requirement age to fourteen years, its opponents focused concern on infringement of individual freedom, and eventually a law in 1898 allowed for objection to vaccination. In the United States, President Thomas Jefferson took a close interest in vaccination, alongside Dr. Waterhouse, chief physician at Boston. Jefferson encouraged the development of ways to transport vaccine material through the Southern states, which included measures to avoid damage by heat, a leading cause of ineffective batches. Smallpox outbreaks were contained by a latter half of the 19th century, a development widely attributed to vaccination of a large portion of the population. Vaccinations rates after this decline in smallpox cases, and the disease again became epidemic in late 19th century. At this point in the 19th century, anti-vaccination activity increased in the U. S. Mass vaccination helped eradicate smallpox, which once killed as many as one in every seventh child in Europe. Vaccination has almost eradicated polio. As a more modest example, incidence of invasive disease with Haemophilus influenzae, a major cause of bacterial meningitis, and other serious disease in children has decreased by over 99% in the U. S. since the introduction of a vaccine in 1988. Fully vaccinating all U. S. children born in a given year from birth to adolescence saves an estimated 14 million infections. Some vaccine critics claim that there have never been any benefits to public health from vaccination. They argue that all the reduction of communicable diseases which were rampant in conditions where overcrowding, poor sanitation, almost non-existent hygiene, and a yearly period of very restricted diet existed are reduced because of changes in conditions excepting vaccination. Other critics argue that immunity given by vaccines is only temporarily and requires boosters, whereas those who survive the disease become permanently immune. Lack of complete vaccine coverage increases the risk of disease for the entire population, including those who have been vaccinated, because it reduces herd immunity. For example, measles targets children between the ages of 9 and 12 months, and the short window between the disappearance of maternal antibody (before which the vaccine often fails to seroconvert) and natural infection means that vaccinated children frequently are still vulnerable. Herd immunity lessens this vulnerability, if all the children are vaccinated. Increasing herd immunity during an outbreak or threatened outbreak is the most widely accepted justification for mass vaccination. Mass vaccination also helps to increase coverage rapidly, thus obtaining herd immunity, when a new vaccine is introduced. Commonly used vaccines are a cost – effective and preventive way of promoting good health, compared to the cost of treatment of acute or chronic diseases. In the U. S. during the year 2001, routine childhood immunizations against seven diseases were estimated to save over $40 billion per year, overall social costs including $10 billion in direct health costs, and the societal benefit – cost ratio for these vaccinations was estimated to be $16. 5 billion. In several countries reductions in the use of some vaccines was followed by increases in the diseases morbidity and morality. According to the Centers for Disease Control and Prevention, continued high levels of vaccine coverage are necessary to prevent resurgence of disease which had been eliminated. Few deny the vast improvements vaccination has made to the public health. They are more concerned with the safety of vaccines. All vaccines may cause side effects, and immunization safety is a huge concern. Controversies in this area revolve around the question of whether the risks of perceived adverse effects following immunization outweigh the benefit of preventing adverse effects of common diseases. There is scientific evidence that in rare cases immunizations can cause adverse effects, such as oral polio vaccine causing paralysis however, current scientific evidence does not support the hypothesis of causation for more common disorders such as autism. Although the hypotheses that vaccines cause autism are biologically implausible, it would be hard to study scientifically whether autism is less common in children who do not follow recommended vaccination schedules, because an experiment based on withholding vaccines from children would be unethical. Another concern of parents regarding the safety of vaccines is the thought that vaccine overload will weaken a child’s immune system and can lead to adverse side effects. Although scientific evidence does not support and even contradicts this idea, many parent especially parents of autistic children, firmly believe that vaccine overload causes autism. However, the idea of vaccine overload does not stand for several reasons. First of all, vaccines do not overwhelm the immune system. In fact, scientists believe that the immune system can respond to thousands of viruses simultaneously. Also, despite the number of increase in the number of vaccines over recent decades, improvements in vaccine design have reduced the immunologic load from vaccines, such that the number of immunological components in the fourteen vaccines administered in the U. S. to children is less than 10% of what it was in the seven vaccines given in 1980. Vaccines constitutes only a tiny fraction of the pathogens naturally encountered by a child in a typical year and common childhood conditions such as fevers and middle ear infections pose a much greater challenge to the immune system than vaccines do. Second, studies have shown that vaccinations, and even multiple concurrent vaccinations, do not weaken the immune system, or compromise overall immunity. Other safety concerns about vaccines have been published on the Internet, in informal meetings, in books, and at symposia. These include hypotheses that vaccination can cause sudden infant death syndrome, epileptic seizures, allergies, multiple sclerosis, and autoimmune diseases such as type 1 diabetes, as well as hypotheses that vaccination can transmit bovine spongiform encephalopathy, Hepatitis C, and HIV. These hypotheses have all been investigated with the conclusions that currently used vaccines meet high safety standards, and that the criticism of vaccine safety in the popular press are not justified. Finally, there is no evidence of an immune-system role in autism. The lack of evidence supporting the vaccine overload hypotheses, combined with these findings directly contradicting it, have led to the conclusion that currently recommended vaccines programs do not overload or weaken the immune systems and are a greater benefit than a risk to children. I am a mother of 2 healthy boys, as a parent I have made the choice to have my children vaccinated against all diseases except H1N1. I did not have my children vaccinated against H1N1 for personal reasons. However, from the time of both of their births they have been vaccinated with all the immunizations as directed by their doctor and I have never had any issues with their health. I am a true believer that the benefits of immunizations out weigh the risks. The research I found while writing this paper backs up and supports everything I have ever believed about immunizations since the birth of my first child fifteen years ago. I would recommend to all new parents to vaccinate their children. Of course I do understand that there are side effects of immunizations shots, the most common one I have dealt with my children is a mild fever and maybe mild bruising in the area of the injection however, I would much rather deal with a mild fever for a day than the thought of my child catching a deadly disease. References Adams, M (2003). Health Library The Immunization Controversy: Should Your Child Be Immunized? http://www.healthlibrary.epnet.com Salive, ME (1997). Healing Arts Children’s Vaccines: Research on Risks for Children from Vaccine http://www.healing-arts.org/children/vaccines Gervais, Roger (2007). Natural Life Magazine Understanding the Vaccine Controversy http://www.naturallifemagazine.com/naturalparenting/vaccines Center for Disease Control and Prevention Possible Side Effects from Vaccines http://www.cdc.gov/vaccines/vac-gen/side-effects How to cite The Vaccine Controversy, Papers

Initiatory Journeys free essay sample

Traveling has always fascinated men who fed their imagination with this way of escaping the reality of their society. But this is only the first meaning of the word â€Å"travel† because it can also take other equally exotic aspects. So we talked about the trip as a physical escape but what about the travel seen as a mental loophole? So traveling could be a way of getting out the entrapment of reality, of the actual situation. But to what aim? Perhaps to escape unemployment and find work or to escape from the weight of the flesh when the journey is mental. The trip can also lead to a moment of epiphany: then it would carry an interesting initiatory dimension. The journey can be seen as a wandering, a roaming during which the traveler is free, or considered as being free just because he can venture in wild nature but he is often prompted by material reasons more than urged by the desire to entertain himself. We will write a custom essay sample on Initiatory Journeys or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Indeed, this travel we could envy is often considered as an ordeal from the protagonist’s point of view. In Steinbeck’s â€Å"Of Mice and Men†, published in 1937, George and Lenny bemoan their harsh living conditions as itinerant workers and plan what they call their freedom, which is their settlement in a real house that would be theirs. Journey is a term that implies travel, which can offer up new insights, experiences, cultures and perspectives. In the novel, the writer takes us into the American outback, and we journey with the characters as they face the various challenges and barriers that arise as they attempt to achieve the â€Å"great American dream†: settling down and farming their own land. So the characters travel physically speaking (it is actually an exile because it seems that they are wanted by the authorities), trying to find work on ranches. But the inner and emotional journey they do all through the novel is far more significant, and we see the changes in the characters from the first time we are introduced to them. So, we have seen that a physical journey can shape the soul of the traveler whose intellectual trip makes him pass through milestones of his ripeness. Here comes what might be called the initiatory dimension of traveling, which could then allow the traveler to enter a new phase of his life. The protagonist descends into his innermost cave, a kind of underworld located in his own mind. The hero, most of the time under the effect of an epiphany, is reborn in some way, physically, emotionally, and spiritually. Through this experience, he changes internally. That is the case of Nick, the protagonist of â€Å"Indian Camp†, a short story written by the American author Ernest Hemingway and published in 1924. This story is a good example of the â€Å"initiation story†, a short story that centers around a main character who comes into contact with an idea, experience, ritual, or knowledge that he did not previously know. In this story, Nick Adams is a very young boy accompanying his father and his uncle to an American Indian camp on the other side of a lake. Here, as a â€Å"rite of passage†, Nick is initiated into concepts that remained of highest importance to Hemingway throughout his writing career, life and death, suffering, pain, suicide†¦ The fact that Nick sits across from his father in the boat on the way back after this experience can indicate a pulling out from underneath his father’s influence. â€Å"Indian camp† starts â€Å"off in the dark†. This dark engulfs Nick as he begins his journey on an unknowing night that parallels his own lack of awareness. By the end of the narrative, the light of a new day rises, and with it, an epiphany within Nick. His experiences within the Indian camp have caused him to grow as a person and Hemingway’s usage of light symbolizes this new understanding gained by Nick. So, a journey can be motivated by financial or cultural reasons and can lead to different aftermaths but can’t it be pointless, aimless and totally unfounded? Perhaps it is the case of the protagonist of â€Å"The mark on the wall†, a short story by Virginia Woolf published in 1917. Indeed, a woman in the living room of her house and her attention is drawn to a mark on the wall that leads her to wonder what the mark is, and what it might signify. Then, we will follow her stream of consciousness through many metaphysical issues. Her stream of thoughts will herd her to such topics as what the meaning of life is and others existential questionings. She mentally travels and we, readers, follow this purely intellectual journey wandering through the haphazard meanders of her fancies. The twist is that the mark is actually a snail glued on the wall. I arrive to the quite enigmatic conclusion that travel seems to be multifaceted and could overlap many causes and consequences. Even after this succinct analysis, it remains a mysterious world that will continue to make men dream and fantasize.

Threats to water availability in Canada

Threats to water availability in Canada Access to safe water for a healthy life is a major requirement for people in the world today. Although Canada is seen as a country with abundance of water resources, its population is the highest water consumer in the world causing a threat to its freshwater (Environment Canada 1).Advertising We will write a custom article sample on Threats to water availability in Canada specifically for you for only $16.05 $11/page Learn More A larger portion of the Canadian population is concentrated in urban areas but many freshwater rivers flow towards the northern side, which is the opposite direction from the populated regions. In Canada, water is valuable and it contributes an income of around $7.5 to $23 billion every year (Environment Canada 3). Currently, most water sources are under pressure due to growing domestic demand of freshwater in Canada. This paper outlines the crisis of freshwater supply faced by Canada. Agriculture is the highest water consumer and it is estimated that out of the total water consumption in Canada, 70 percent is used for Agriculture (Environment Canada 37). In addition to this, urbanization is another major reason why freshwater supply is reducing rapidly. At present, there is a lot of construction work going on in Canada and as a result, urban and residential are consuming a lot of water causing increase in water demand. The more worrying news is that changing climatic trends may cause more pressure on the water resources and worsen the situation. In fact, scientists have estimated that droughts may increase in the future threatening fresh water sources (Stanford 15). Due to increasing threat to the Canadian water resources, much attention has been drawn to different sectors in order to find a long-term solution to the current water crisis. Indeed, there is an urgent need to address the current crisis to ensure that Canada has access to fresh water in the future. To solve the problem, a number of recommendations have been put forward. Foremost, â€Å"to know what to do, you must first know what is happening† (Environment Canada 97). Thus, a plan to acquire observational and accurate data regarding water has been proposed. By acquiring such data, experts will be aware of the water usage patterns, Canadian fresh water sources, and water-related infrastructure (Stanford 67). Knowledge of this basic information will help the government to have an organized freshwater monitoring program and develop appropriate action plan. Secondly, it is important to develop research priorities. Developing a research plan will clarify causes of droughts hence improving the climatic conditions (Environment Canada 16). Moreover, research will also help maintain Canada’s climate modeling capabilities. With extensive research, the impact of climate change on forests, wetlands, and glacier (freshwater ecosystems) will be clarified too. Eventually, this will help in improving water quality by reducing c hemical drainage into water sources among other wastes.Advertising Looking for article on environmental studies? Let's see if we can help you! Get your first paper with 15% OFF Learn More Thirdly, there is need to have informed policies and effective management plans (Stanford 121). In addition, there is need to develop policies regarding water usage (water rights) in order to minimize conflicts. More research into this topic will provide a good foundation for developing better and informed policies. As such, the Canadian government should adopt science based management practices to help in decision-making (Stanford 121). Lastly, there is need to have effective leadership and teamwork in order to address Canada’s freshwater crisis. Quality scientific leadership will play vital role in developing better assessment programs. In the government level, there is need to have committed leadership and teamwork to develop better policies that will not frustrate efforts to revive Canada’s fresh water supply (Environment Canada 94). In summary, in order to ensure that Canada has constant supply of freshwater in the future, there is need to develop sustainable action plan. Because of current pressure on Canada’s freshwater sources, there is need to do more research, implement appropriate policies, and have committed leadership so that the nation can continue having social and economical benefits acquired from use of freshwater. Environment Canada. Threats to Sources of Drinking Water and Aquatic Ecosystem Health in Canada. National Water Resource Institute, Burlington, Ontoaria. NWRI Scientific assessment, 1.1 (2001): 72. Print. Environment Canada. Threats to Water Availability in Canada. National Water Resource Institute, Burlington, Ontoaria. NWRI Scientific assessment, 3.1 (2004): 1-150. Print. Stanford, Williams. Water, Weather and the Mountain West. Ottawa: Rock mountain Books, 2007. Print.

Beginning Level Curriculum for ESL Classes

Beginning Level Curriculum for ESL Classes This curriculum summary is designed for false beginners. False beginners are typically learners who have had a few years training at some point in time and are now returning to start learning English again for a variety of reasons, such as for work, travel, or as a hobby. Most of these learners are familiar with English and can move pretty quickly to more advanced language learning concepts. This curriculum summary is written for a course of approximately 60 hours of instruction and takes students from the verb To be through present, past, and future forms, as well as other basic structures such as the comparative and superlative forms, the use of some and any, have got, etc. This course is geared towards adult learners who need English for work and, as such, concentrates on vocabulary and forms that are useful for the working world. Each group of eight lessons is followed by a planned review lesson which allows students a chance to review what they have learned. This syllabus can be adapted to fit students needs and is presented as a basis on which to build an elementary level ESL EFL English course. Listening Skills Beginning English learners often find listening skills the most challenging. Its a good idea to follow some of these tips when working on listening skills: To begin with, try to use only one voice for listening comprehension activities. A variety of accents can be added later.Exercises should begin with short form understanding such as spelling, numbers, understanding word form differences, etc.  Gap fill exercises work well for the next step in listening comprehension. Begin with sentence level understanding and move on to paragraph length listening selections.  Once students understand the basics, begin work on understanding gist by providing longer conversations with a focus on understanding the main idea. Teaching Grammar Teaching grammar is a big part of effectively teaching beginners. While full immersion is ideal, the reality is that students expect to learn grammar. Rote grammar learning is very effective in this environment.   At this level, rote activities can help learners understand intuitively. Dont worry too much about grammar explanations.  To help focus on sound rather than rules, repetitive activities can help establish a strong base.Take it in small bites. Pare things down to their essentials once you begin to teach. For example, if you were introducing the present simple dont begin with an example that includes an adverb of frequency such as He usually has lunch at work.  For tenses, stress the importance of time expressions tied to tense. Continually ask students to first identify the time expression or context before making a decision on tense usage.  Correct only those mistakes made in a current objective. In other words, if a student misuses in rather than at but the focus is on the past simple, dont make a point of correcting the mistake in preposition use. Speaking Skills Encourage students to make mistakes, many, many mistakes. Adult learners are often concerned about making too many mistakes and can be hesitant. Do your best to relieve them of this fear!Focus on function for beginning level activities. Set a goal such as ordering food in a restaurant. Help students learn how to functionally succeed in each situation.Switch groups up often. Some students tend to dominate conversations. Nip this in the bud, and change group composition up early and often.   Writing Skills Follow the language: begin with letters, create words, build words into sentences and let those sentences blossom into paragraphs.  Prohibit certain words when writing! Unfortunately, students often fall into the bad habit of using the same words over and over (go, drive, eat, work, come to school, etc.) Brainstorm word lists together as a class and then challenge students to only use certain words or phrases  in their writing.Use symbols to correct. Get students used to the idea that youll use symbols to help them edit their writing. The onus is on the students to correct their own writing.

Terminologies Essay Example | Topics and Well Written Essays - 250 words

Terminologies - Essay Example Better communication is mostly the reason as to why there is improved patient outcome, it enhances continued care of the patients which is better understood and communicated with ease among nurses. Further, it is essential in the development of nursing as a body of knowledge which build up to the establishment of nursing as profession with autonomy. However, using standardized nursing terminologies has a great impact on the relationship between nurses and other professional while taking care of the patients. There is a disconnection in communication more so when other professionals go through nurses documentation on a particular patient. Thus, this to some extent is likely to affect patient outcome negatively. It necessitates the institution to utilize more resources to educate other professional on the nurse terminologies used while taking care of patients. For instance, the hospital has to print posters and put on strategic positions to enhance the other professional’s knowledge on the terminologies used by nurses (Wong, 2009). Moreover, it leads to much time wasted as one struggles to comprehend what the nurses are communicating thus compromising the patient care. Hardiker, N. R. (2011). Developing Standardized Terminologies to Support Nursing Practice. In Nursing informatics and the foundation of knowledge (pp. 111–120). Retrieved from http://usir.salford.ac.uk/17895/1/Mastrian_chapter_7_Hardiker_-_pre-print.pdf Wong, E. (2009). Novel nursing terminologies for the rapid response system. International Journal of Nursing Terminologies and Classifications†¯: The Official Journal of NANDA International, 20,

Organizational Change Plan - Part II Essay Example | Topics and Well Written Essays - 1000 words

Organizational Change Plan - Part II - Essay Example Some of the metrics that can be used to monitor the implementation process include the transformation of work processes through improved access to patient data and communication in the organization. The systems should provide the required transaction information. Some of the success factors for EMR implementation include the clarity of vision, the stakeholder commitment level, the effectiveness of change management teams, the leadership capability, the change communication strategies and the alignment of the EMR change management with the organizational culture. Organizational change plan- part II Introduction Electronic Medical records consist of several software applications that are integrated to input, store and output patient medical data and information (Rodrigues, 2010). EMR include the physician order entry, integrated communication systems with laboratories, decision support systems, and data entry systems. EMR increase efficiency of information access and enable standardiza tion of the medical information documentation (Carter, 2008). Physicians can easily access and review huge volumes of patient data on previous disease history, allergies, laboratory tests and medication administered. Electronic Medical record can be divided in to EMR standards that include the patient privacy and security issues, the EMR infrastructure that include the telecommunication systems (Rodrigues, 2010). The other parts of EMR includes the information content like summaries and health delivery history and change management that is concerned with acceptability of the system by the users and availability of a skilled workforce to efficiently utilize the EMR (Walker, Bierber, & Richards, 2006). The EMR will improve staff productivity since laboratory information can be easily accessed in the form of text, graphs and tables that are convenient to interpret. Data entry procedures are simplified and drug prescription tools in the system reduce the time required for medication ren ewals (Carter, 2008). EMR will provide decision support systems that will improve medical diagnosis, treatment and prescription. The system will also reduce the costs associated with test ordering and prescription since the patient medical data is readily available. The systems will support primary patient care through a disease management system due to a better understanding of the population health need trends overtime (Rodrigues, 2010). However, there are certain concerns or issues that may arise due to implementation of the EMR. Some of the issues include patient privacy of confidential information, the costs associated with implementation of the EMR and possible staff resistance of the change occasioned by EMR implementation (Carter, 2008). Some methods that can be used to monitor the implementation of the proposed change include random sampling of patients at predetermined intervals in order to monitor the efficiency in the health care delivery process (Carter, 2008). Another method of monitoring is the stakeholder analysis in order to assess whether the users and stakeholder needs have been attained. For instance, it is important to analyse the staff acceptability level and the level of motivation after the EMR implementation (Rodrigues, 2010). Documentation review can be used to ascertain whether the EMR systems are meeting the expected

Gcc economies

Gcc economies Introduction Challenges and Opportunities in GCC Economies. General Attitude towards Foreign Investors Trade integration and Economic Philosophy in GCC economies. Economic Status of GCC economies. Economic Stability. GCCs Political Stability . FDI in the GCC countries The size of the Market . Physical Infrastructure . Resource Endowment and Industrialization . Labor Force . GCC India business relationship . Challenges. Trade Protection and Competitiveness. Lack of diversification The Changing Economic Context of Gulf Politics. Recommendations and conclusions Reference Executive Summary The Gulf Cooperation Council (GCC) is an attractive location for investment and a salient consumer market for imported goods and services, and information technology to one of the youngest population that is considered to have highest powers of spending in the world. The common market of the six GCC economies are open to foreign capital investment and are continually working to grant national treatment to all foreign investment firms and cross country investment and services trade. By 2010, GCCs inter-state trade is expected to enhance by 25 percent, and international trade in this states is anticipated to grow by multiples. Given its trade history and strategic location, the six GCC economies has had long trade and diplomatic relationships with Asia, Europe, and African states, suggesting that it stands to benefit in the long-term from the anticipated growth of these countries. The GCC economies have upheld an open system of trading, free capital movement, convertibility of currency with fixed nominal rates, and large labor inflows- both skilled and unskilled. Additionally, the GCCs advanced financial systems have been an essential channel for advancing their trade integration into the global community. Despite current global economic crises, the GCC has remained a very liquid expanse. The economic growth in several key sectors is forecasted to be moving forwards across the region. Any investor considering venturing in the GCC should be centrally positioned to take advantage of one of the worlds fastest-growing markets. Given the GCCs comparative advantage in oil, gas, petrochemical products, and private capital, and given the Indias technology, know- how, marketing skills and that can be marketed in a very sizeable market indeed. When countries or trading partners specialize on the basis of their comparative advantages, returns are maximized. Therefore Indian firms invested heavily according to the strategy emphasizing their comparative advantages in oil and gas service sector, which presents a great scope for Indian enterprises to undertake joint investments in these fields. Introduction The Gulf Cooperation Council (GCC) consisting of states six Arab states (Saudi Arabia, Bahrain, Qatar, Oman United Arab Emirates, and the Kuwait) located in Arabian Gulf. The GCC economies are one of the fastest-growing international markets and have become increasingly important to the economy of the whole world. GCC attracts an ever-increasing number of foreign investments and across wide-ranging sectors. Its rapid development and expansion has made it an active seeker for modern technological capacities, infrastructure development, and business services. Development and improvements have been made to build up a private sector that is fewer dependants on government or natural resources, thus making the area an attractive destination for investment and competitive market for expatriate workers and overseas expansions (Al Bawaba, 2007). The GCC countries investment climate is conducive to foreign investment. GCC countries are continuously adopting policies and taking measures to improve this climate and taking into consideration changes in the international economic parameters and factors. GCC economies recognize the value of attracting and maintaining foreign investment and have resulted to adopting measures aimed at attracting and encouraging foreign investment. GCCs openness to foreign investment and capital has been motivated by an expectation that foreign capital and investment will attract financial resources- visible and invisible, as well as bringing in modern technology (Al-Shamali Denton, 2000). In addition, it may also raise marketing potentials of the local firms by providing access to export markets. Foreign capital and investment can also advance skills and techniques of management and set up state-of-the art facilities of training. The initiative for encouraging invest mostly focuses on the institutional structure and on creating legal and administrative conditions appropriate for carrying out investment activities. Despite current global economic crises, the GCC has remained a very liquid expanse. The economic growth in several key sectors is forecasted to be moving forwards across the region. Any investor considering venturing in the GCC should be centrally positioned to take advantage of one of the worlds fastest-growing markets. However, investments and trade links among the Arab countries leave much to be desired. Capital-rich countries do not feel safe investing in people-endowed or resource-rich countries. However this latter group of Arab countriescan insure food safety, enlarged markets for industrializing GCC countries and investment opportunities (Al Bawaba, 2007). Political risk is often cited as a deterrent, along with bureaucracy. Most often governments are blamed for failure to devise a system that motivates the public as well as the private sector to joint efforts. This paper identifies investment prospect and provide advice on the challenges and opportunities for an Indian enterprise intending to embark on an investment in oil and gas service sector in the GCC region. Challenges and Opportunities In GCC Economies General Attitude towards Foreign Investors Generally speaking, GCC Countries religion, social fabric and norms, and their economic and political cultures do not have in any way prejudices against foreign investors (Al Bawaba, 2007 b). The fact is that there is a history of fruitful co-operation and strong tradition of hospitality. The number of foreign firms and expatriate workers in the region clearly manifest this attitude. Hostilities in whatsoever manner of at any level of contact are absent. Trade integration and Economic Philosophy in GCC economies The GCC economies has had an apparent degree of success in terms of trade integration, capital mobility, labor creation, and in setting regular standards in diverse regulation areas. Some of the GCC members have extended cordial privileges to foreign capitals and investment in areas such as share-market, investment, and government procurement. The longstanding economic philosophy of the region is obviously an open free market and outward oriented (Al Bawaba, 2007). Private property rights are well established and honored. GCC countries, unlike many developing countries, have never experienced what could be called socialist inclinations. Capital and goods are allowed to freely enter and leave GCC countries. Foreign exchange control measures are non- existent and as thus expatriation of profits, remittances and dividends face no restrictions. GCC countries openness is also manifested in their high foreign trade openness ratio which reached more than 70%. For comparison reasons, the same ratio amounted to 16% in U.S.A. and 18% in Japan. This manifests the dependence and incorporation of GCC economies in the international market (Al-Shamali Denton, 2000). Economic Status of GCC economies The combined Gross Domestic Product (GDP) of the GCC economies is estimated to reach 1.15trillion dollars according to the Gulf Finance House (GFH) projections. The projection by the Saudi American Bank (Samba) and Al Ahli Bank estimates that by 2018, total investment in the GCC economies could reach up to 670 million dollars. The GCCs world economy share is estimated to enlarge slightly higher than the annual average global growth with an aggregate of 4.5 percent, compared to globally annual average of 3.3 percent (Emerging Markets Monitor, 2008). Within 10 years, the GCC countries are expected to be supplying nearly one-quarter of the world with oil as well as increased quantities of petrochemicals, plastics and metals. Economic Stability The six countries of the GCC possess many common and rather special characteristics. They all depend on oil and gas for government revenues and foreign exchange earnings. These governments revenues and expenditures move the engine of the economy. The non-oil sector, while growing constantly, remains relatively dependent. Oil will remain the major source of energy and the main vehicle to development for years to come (Al-Shamali Denton, 2000). Its role in the international economy as an important strategic commodity needs no elaboration here. Thus, GCC countries status as major producers and exporters will continue to enhance their economic power. GCC production of this strategic commodity accounts for more than 20% of world production. Of the worlds proven oil and natural gas reserves, GCC states hold 45% and 15% respectively, according to conservative estimates (Emerging Markets Monitor, 2008). GCC states have been recording positive GDP growth rates even at times of international recession. Their Consolidated GDP has surpassed the landmark of $ 550 Billion according to World Bank. Expenditure on capital formation (investment) totals more than 25% of GDP. Another indicator of stability, inflation, has remained one digit, and below 5% in most recent years in all GCC countries. Not only that, but inflation was recorded with a negative sign in some years. GCC states have maintained their realistic path of rationalizing expenditure and conservatively estimating revenues. This years budgets which have been based on expected oil prices of $ 40 per barrel, at a time when market indicators and oil experts expectations foresee a price close to $ 60 per barrel. In fact, this behavior has helped GCC countries to record large surpluses in their actual oil revenues during the last few years, and thus assisted them in settling internal debt arrears, and replenishing their foreign exchange reserves. It is evident that GCC countries have started to reap the fruits of the daring measures adopted for the last few years of rationalizing expenditure and embracing the concept of efficiency in the management of both the private and the public sectors. More importantly, they have succeeded in reducing peoples expectations regarding the role of t he government in providing subsidies, employment opportunitiesetc. GCC countries have enjoyed surpluses during the last decade, sometimes substantial, in the current balance of payments (Al Bawaba, 2007). High rates of savings, however, have been unmatched by corresponding internal investments, the potential growth vehicles for these economies. The exhaustibility of their resources implies the urgent need for long-term economic and financial planning in these countries before nonreversible trends take root Economic stability and growth are also combined with general trends which among other results strengthen and enhance foreign investments. GCC governments are pursing policies towards more economic liberalization, privatization and giving a greater role to the private sector. Moreover, export 0riented policies are dominating and manifested in the creation of export financing institutions and establishing specialized exporting units in ministries and chambers of commerce and industry. GCCs Political Stability GCC countries are renowned for their stable political and administrative governance. Power is smoothly handed and regime change is less frequent as compared to most of the developed and developing countries. The stability of the regimes in GCC countries is totally correlated with the stability of general strategies and policies (Al-Shamali Denton, 2000). The strong legitimacy and popular support enjoyed by GCC regimes is rather rare in other developing countries and even in some developed ones. However, on the political and administrative level, there are several fundamental problems that have remained unsolved. Some customs union are yet to be fully implemented, while unstable bilateral agreements between individual GCC states and other trade partners undermine the consistency of the external tariff regime. The monetary union of some GCC economies has been called into question and especially by latest announcement by Oman to opt out and by the reluctance of the governments to agree on representative criteria of convergence. Political tensions have been created between some neighboring GCC States, particularly between Saudi Arabia and Qatar, which could make the political stability level of the GCC economies to wobble. FDI in the GCC countries Having recognized the importance of attracting FDI, GCC economies have adopted new measures aimed at attracting foreign capital and investment. These new measures and development priorities include realizing sustained economic growth by raising investment rates of private sector; enhancing technological skills and local capacities; improving the exports into the world markets, creating more competitive employment opportunities. Openness to foreign capital and investment has been stimulated by an expectation that this openness will bring in financial resources, while attracting modern technology. In addition, foreign capital and investment provides raises marketing capabilities of local firms and access to export markets. It also facilitates upgrading of the management techniques and skills. In the GCC economies, the FDI flow accounts for more than the worlds average in two of the GCC states (Bahrain and Qatar). Conversely, except for the UAE, FDI stock has accounted for a key share weighed against to the value of Gross Domestic Product in these GCC economies, as was evidenced in the case of Bahrain, in which the stock reached more than 74 percent and 70 percent of the level of GDP in 2000 and 2004 respectively. The GCC Service sector Market The size of the market is considered one of the main factors in determining inflows of foreign investments. The larger the size of the market and the greater its growth rates, the larger are volumes of foreign investments. Unfortunately, a popular perception, based on the population estimates only, sees GCC states markets as small. This perception fails to appreciate a number of facts: First, GCC states constitute an economically united bloc which entails among other things a market size of a population approaching 38.7 million inhabitants. Second, the per capita income for GCC states is more that $ 14,317. In other words the populations of the GCC countries enjoy high levels of income, even by advanced industrialize countries standards. Third, the high incomes enjoyed by GCC countries are reflected in high purchasing power and effective demand. GCC states are also strategically situated, by neighboring the African and European continents and being the entrance gate to Asia. It should be mentioned that GCC imports from the rest of the world totaled about $ 119,524.35 million in 2004. Physical Infrastructure Whenever foreign investment in developing countries is discussed, inadequate physical infrastructure is cited as a major discouraging factor. On the contrary, GCC states have succeeded in utilizing their abundant resources in creating a very well developed by any standards physical infrastructure. Major industrial and population centers are connected to each other and to the ports with international standard road network. Recently installed telecommunication systems are in some ways even better than some industrialized countries. New power and water capacity is being installed, and the consumption is being rationalized through meaningful tariffs (Diekmeyer, 2009). Most large urban centers in the region have been provided with industrial parks, complete with necessary utilities and other amenities needed by manufacturing operations (Diekmeyer, 2009). Resource Endowment and Industrialization As petroleum and natural gas form the greatest volume of GCC resources, their industrial development has been directed mainly towards oil and gas based industries such as petroleum refining, chemical fertilizers and petrochemical industries and/or to energy intensive industries such as aluminum and steel (Al-Shamali Denton, 2000). This goes in line with the concept of comp of comparative advantage i.e. if countries specialize in producing commodities on the basis of their comparative advantage, returns from production and trade will be maximized. The availability of cheap energy resources is a blessing for GCC industrialization. For example, the gas used as a feed stock to the petrochemical industry is associated gas and most of it is a by-product of crude oil production. The cost of producing this gas is very low and if it is not used it would have to be flared (Al-Shamali Denton, 2000). Developments in the level and efficiency of the industrial capabilities of the GCC region enhanced the availability of a number of foreign investment attracting factors such as the skills available to prospective investors, efficiency of local suppliers and service firms, and a net-work of supporting institutions, both private and public. Labor Force The substantial developments which took place in all economic sectors have affected GCC labor force in two major ways. First, it required and induced large influxes of foreign professional, skilled and unskilled labor. On the positive side, this has helped in bridging the shortage in local labor, expediting the development process, and exposed the local labor force to a variety of rich experiences and high levels of theoretical and practical training in all fields and aspects of life. That is definitely a plus and an encouraging factor for any future investments, both local and foreign. Second, the tradition and experience in bringing and dealing with well-trained foreign labor reduces the possibility of manpower bottlenecks. That is to say labor as a factor of production is no problem for whoever is interested in establishing production or services units. Expatriate labors as well as nationals do not pay income taxes. Another important factor for foreign and local investors is that in the GCC region there is no record of business disruption because of labor disputes. Gcc India Business Relationship: GCC countries and India have strong trade relations. In 2005, the volume of trade between the two parties was nearly $20 billion GCC countries supply India with a large portion of its oil imports, near $6 billion (Alam, 2008). For GCC countries, their comparative advantages lie in the manufacture of hydrocarbons and the development of energy intensive metal and mineral based products. In addition to this there is a great scope for investment in small and medium size ventures. Furthermore, forecasts show that petrochemical industries for example can branch out into two categories during the next few years (Ramazani Kechichian, 1998). Industries in the GCC countries can specialize in basic petrochemical and energy intensive metals while Indian companies can benefit from such products by using them in manufacturing highly specialized and specialized and sophisticated products with higher value added (Alam, 2008). As a result, this step will certainly enhance the ability of GCC countries not only to import more specialized Indian products, but also will help them in diversifying their industrial base. The attractive investment climate and the geographical market proximity of GCC countries make them suitable candidates for export platform of Indian investments and joint ventures. This scenario is strengthened by the availability of more than 6000 GCC small and medium sized enterprises, covering a wide variety of manufacturing activities (Ramazani Kechichian, 1998). These include food, textiles, wood, paper, chemicals, metallic, non- metallic, engineering and other fields of activities (Alam, 2008). Studies reveal that about 90% of these SMES have plans for expanding their activities. This fact offers the Indian business community wide opportunities via joint ventures, turnkey operations, production sharing, licensing, and other forms of non- equity involvement. The GCC Indian economic relationship would be enhanced by: Arranging visits for Indian businessmen to GCC countries so that they learn more about the regions investment and business opportunities. FGCCC can co-ordinate such visits. Organizing joint exhibitions both in the region and in India. Organizing events to enlighten GCC businessmen with the available Indian co-operation instrument and institutions in fields of trade and investment. We notice a dearth of information on trade, markets and investment opportunities. There is a need for India GCC body to collect and disseminate such information. Challenges Trade Protection and Competitiveness Although many GCC countries boost of open trade policies, they extensively use production subsidies protect a large inefficient, domestic non-oil sectors, often public owned. Price related factors ones are usually among the most imperative factors that affect trade outcomes (Al Bawaba, 2007). The prices of goods and services being traded are considerably influenced by tariffs level and non tariff barriers as well as by real effective rates of exchange, which are themselves influenced by macroeconomic conditions and policies. There is a compelling evidence that trade protection is high for some GCC countries relative to their income levels. Lack of diversification The GCC countries lack diversification in the sustainable economic base and need to devise a system which encourages private investment in industry, agriculture, exports and re-exports, i.e., production and movement of goods. The virtual absence of continuous local water resources and reliance on desalinated water, which is both expensive and insecure, is a constant challenge. Local food and agricultural production falls far short of providing self-reliance and security in light of a burgeoning population and evolving patterns of consumption. Population increase and a dramatic upsurge in education require finding appropriate employment for those with improved skills, as the present rate of growth in the non-oil sector leaves a widening gap between manpower supply and demand. The Changing Economic Context of Gulf Politics The Islamist sectors in the states making up the GCC have grown more politically active since the time that the welfare states were established in the 1970s. The population in these regions has also increased while the price of oil, the main source of revenue, remained fixed. The educated young generation is actively seeking participation in administrative and political levels of governance, while the middle demands work with good wages (Ramazani Kechichian, 1998). On the political and administrative level, there are several fundamental problems that have remained unsolved. Some customs union are yet to be fully implemented, while unstable bilateral agreements between individual GCC states and other trade partners undermine the consistency of the external tariff regime. The monetary union of some GCC economies has been called into question and especially by latest announcement by Oman to opt out and by the reluctance of the governments to agree on representative criteria of convergence. Political tensions have been created between some neighboring GCC States, particularly between Saudi Arabia and Qatar, which could make the political stability level of the GCC economies to wobble. Recommendations and conclusions The GCC countries investment climate is conducive to foreign investment. GCC countries are continuously adopting policies and taking measures to improve this climate and taking into consideration changes in the international economic parameters and factors. GCC economies recognize the value of attracting and maintaining foreign investment and have resulted to adopting measures aimed at attracting and encouraging foreign investment. For Indian enterprises trading in the oil and petroleum service sector, their comparative advantage lies in their specialization in production technology The Gulf Cooperation Council (GCC) is therefore an attractive destination for an entrepreneur wishing to invest in oil and petroleum service sector and the opportunities in this sector far outweighs the challenges. References Alam A., (2008) India and West Asia in the Era of Globalisation, Michigan: New Century Publications, Al-Shamali A., Denton J., (2000) Arab business: the globalization imperative, India: Kogan Page Publishers, Al Bawaba, (2007 a), The Future of the Gulf: The World Economic Forum Launches Scenarios on the Gulf Cooperation Council Countries, p1 Al Bawaba, (2007 b), Saudi Arabia intensifies reform efforts to improve competitiveness around two thirds of $240 billion in planned projects outside oil, gas, and petro p1 Diekmeyer, P. (2009) †Export Wise, Summer,† GCC: Infrastructure Development Opportunities., p26-28, 3p; Emerging Markets Monitor, GCC: Implications Of The Credit Crunch. (2007), Vol. 13 Issue 20, p1-2, Emerging Markets Monitor, (2008) US Crisis: GCC, 14 (26), p17-17,; Ramazani, R. K. Kechichian J. A. (1998) The Gulf Cooperation Council: record and analysis, US: University of Virginia Press,

CSR activities of Pepsico India and Amul India Essay

Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/ Responsible Business)[1] is a form of corporate self-regulation integrated into a business model. Holmes and Watts (1999) defined CSR as the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. With Indian consumers becoming more ’cause’ conscious, their brand preferences keep shifting to favor the brand that is socially more responsible. The phenomenon directly creates a connection between the sales and the CSR. The trend suggests, ‘the better the CSR policy, the more the sales. ‘ The trend affects most product categories that are bought on a daily basis, with consumers making a purchase decision almost every day. This could be one of the major reasons why Indian FMCG companies are most actively engaged in responsible activities and rank on top in the latest Associated Chambers of Commerce and Industry of India (ASSOCHAM) report on CSR by Indian corporate. The report says that of 175 Indian companies studied, 52 companies in the FMCG sector have taken the maximum of CSR initiatives. This was followed by the chemical sector and then the IT sector. [2] This paper highlights FMCG’s Corporate Social Responsibilities in Pepsico India. and Amul India. Keywords: CSRFMCG Introduction Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/ Responsible Business)[1] is a form of corporate self-regulation integrated into a business model. The new Companies Bill in the Rajya Sabha on 8th August 2013, has guided in a new regulation towards corporate social responsibility (CSR) in India. The Bill, which should get enacted into law soon, lays down mandatory requirements in regards to CSR for larger companies (those with at least Rs5Cr net profit/Rs500Cr net worth/Rs1,000Cr turnover), which includes a requirement to spend annually at least 2% of average profits of the previous three years on CSR activities. An estimated 7-8,000 companies in India will be covered under the CSR legislation and the total annual spend, if companies were to meet this norm, could be equivalent to US$1-2bn. [3] With Indian consumers becoming more ’cause’ conscious, their brand preferences keep shifting to favor the brand that is socially more responsible. The phenomenon directly creates a connection between the sales and the CSR. Objectives 1. To study CSR activities of Pepsico India and Amul India. 2. To examine the benefits of CSR activities of these companies to the society. Research Methodology This research paper depends on secondary data. Review of Literature 1. INDIAN INSTITUTE OF MANAGEMENT CALCUTTA, WPS No. 729/ June 2013, Corporate Social Responsibility for Social Impact: Approach to Measure Social Impact using CSR Impact Index by Ramendra Singh and Sharad Agarwal. This paper discuss the broad patterns of CSR practices among top 200 Indian corporations and also explain the concept of CSR in the Indian scenario, the social issues addressed by the Indian corporations, and methodologies adopted by them to address those issues. 2. African Journal of Basic & Applied Sciences 4 (3): 95-105, 2012, Corporate Social Responsibility Initiatives of Major Companies of India with Focus on Health, Education and Environment by Anupam Sharma and Ravi Kiran This paper highlighted CSR initiatives in context to health, education and environment sector to be rated by the interviewee were identified from the literature. 3. Issues in Social and Environmental Accounting, Vol. 3, No. 2 Dec 2009/Jan 2010, Pp 180-201, Corporate Social Performance of Indian FMCG Companies by Saeed Khan. This paper highlights on various Indian companies CSR ratings and actives. 4. School of Doctoral Studies (European Union) Journal – 2010, Corporate Social Responsibility in Rural Development Sector: Evidences From India by Sanjay Pradhan, Akhilesh Ranjan. This paper examine do the corporate consider rural people as a stakeholder? If so, what CSR initiatives taken for development of rural areas and how the corporates implement their CSR initiatives as a part of their business strategy? Finally it evaluates impacts of CSR actions on the socio-economic development of rural people. 5. Corporate Social Responsibility as a determinant of market strategic issues: An exploratory study by Prof Vijaylaxmi Iyengar. the research focuses on the Corporate Social Responsibility as a determinant of market strategic issues , with the various dimensions of CSR and its relevance for emerging markets , it also throw light on redesigning marketing paradigms for the global competition. Business benefits of CSR: The scale and nature of the benefits of CSR for an organization can vary depending on the nature of the enterprise, and are difficult to quantify, though there is a large body of literature exhorting business to adopt measures beyond financial ones (e. g. , Deming’s Fourteen Points, balanced scorecards). Orlitzky, Schmidt, and Rynes[24] found a correlation between social/environmental performance and financial performance. Businesses may not be looking at short-run financial returns when developing their CSR strategy. Triple bottom line People planet profit, also known as the triple bottom line, are words that should be used and practiced in every move an organization makes. People relates to fair and beneficial business practices toward labour, the community and region where corporation conducts its business. Planet refers to sustainable environmental practices. A triple bottom line company does not produce harmful or destructive products such as weapons, toxic chemicals or batteries containing dangerous heavy metals for example. Profit is the economic value created by the organization after deducting the cost of all inputs, including the cost of the capital tied up. It therefore differs from traditional accounting definitions of profit. [28][29] Human resources A CSR program can be an aid to recruitment and retention,[30] CSR also helps to improve the perception of a company among its staff. CSR has been found to encourage customer orientation among frontline employees. [31] Risk management Reputations that take decades to build up can be ruined in hours through incidents such as corruption scandals or environmental accidents. [32] Building a genuine culture of ‘doing the right thing’ within a corporation can offset these risks. [33] Brand differentiation CSR can play a role in building customer loyalty based on distinctive ethical values. [34] Business service organizations can benefit too from building a reputation for integrity and best practice. Developing an engagement plan Commit to coming up with and improving on your companies goals. CSR commitments communicate the nature and direction of the firm’s social and environmental activities and, will help others understand how the organization is likely to behave in a particular situation. License to operate By taking substantive voluntary steps, they can persuade governments and the wider public that they are taking issues such as health and safety, diversity, or the environment seriously as good corporate citizens with respect to labour standards and impacts on the environment. Supplier relations By establishing a strong supply chain, companies are able to push for continuous quality improvements, and price reductions. The long-term benefits of the relations create a better value for stakeholders.

The Pain of University Admission Essay Samples

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