Thursday, October 31, 2019

THE ACQUISITION AND THE ROLE OF HUMAN RESOURCES Assignment

THE ACQUISITION AND THE ROLE OF HUMAN RESOURCES - Assignment Example He left other executives and it didn’t keep them in the loop on the matter. This made other executives angry as to the modalities of the acquisition was not shared with them. Several questions were asked about the correctness of the acquisition strategy. Alan who had a fantastic working relationship with Peter was also not informed well about the acquisition. He was repeatedly told that this topic is not to be discussed among them and it is off the table. Peter didn’t trust their other executives and forgot that he should have adopted a leadership style where everyone’s ideas are put in place (Douglas 31-32). No one from the bottom line of workers was included and even when asked specifically about the company, Peter was visibly upset and without answering they left. This shows that he wanted to do the acquisition all by himself. This resulted in high turnover rate of the employees since it didn’t have a clearly defined goal and direction after the acquisi tion. Answer 2 Peter has included only three members as part of the acquisition team. He left out the other top executives from being part of the team. Hence the top management were visibly upset. Even Alan who was his best partner and shared so many successes was not kept updated with the acquisition story. There were times when Alan asked about the potential company, but Peter was surprised at how they knew the information which was supposed to be kept a secret. Peter became frustrated and replied that the discussion was off the table. He also tried to contact Peter in email but the answer was same. Several other employees began to ask the managers about the acquisition strategy but no one knew specifically to answer their queries. At a special executive meeting, Peter told others about the company name but directed them not to throw any suggestion at them (Geber 28-37). Many questions were thrown at them, but no proper answer to their questions was given. This made the executives irritated. They were wondered what was the product lien, marketing sales force, territories of the acquiring company. This made the top executives angry at the leadership style of Peter. Answer 3 Scorecard Inc. faced many Human Resource issue in course of Acquisition of Partners Manufacturing. After the Acquisition of the company, there was high rate of turnover. At first it was imperative on the management to formulate a HR policy which would be in line with the operations of Scorecard. All the employees should be given the same benefit so that they don’t feel any partiality is been done with them. The HR manager should compensate them following a proper method (Lubatkin 295-302). There shouldn’t be any inconsistencies in the decision making process which might lead to frustration. The employees should be properly given work on the basis of their competency level. At all levels of operations be it manufacturing or other, it was imperative to keep the keep the employe es motivated so that the customer loyalty doesn’t get affected. It was necessary to talk with the employees as to why they were leaving. Performance evaluations needed to be one thoroughly at all levels. Answer 4 Peter Wolfe, CEO of Scorecard was initially very effective which made the company grew at 5% per annum. But he was hesitant at first to acquire any company. But due to pressure from management, he finally agreed on going for acquisition of a company. He formed a group of three

Tuesday, October 29, 2019

Training and Development in Small Businesses Essay

Training and Development in Small Businesses - Essay Example The potential challenges that the management of the company may face will be discussed. It will also include different effects of detecting the gaps in the organization. This paper will suggest a competitive training strategy. The whole paper will be done on a step by step basis. It will be very helpful for Syntel Inc. It is very important for Syntel Inc to implement proper training and development strategies to improve their business performances. Syntel is an IT consulting company. Training and development will help them to learn new modern sides of different programming languages. In modern day business the organization comes across different critical projects related with modern programming languages (Barcus, 2007). The organization needs to train its employees properly to manage those projects. If proper training is not being provided by the company then employees will not be able to complete those complex projects properly. Training and development is needed to maintain the supply of talents continuously into the organization. Often it is being noticed that experienced employees are leaving the company. It is a loss for the organization. But that loss can be managed if well trained back up employees are ready with the company. It will not interrupt the performances of Syntel Inc. Different t raining and development programs will increase the efficiency of workers of the company. Once the efficiency of workers is increased then automatically productivity of the company will also increase. Increased productivity will improve the performance of the organization. Being a small business organization resources of Syntel are limited. It is very important for the management of the company to utilize their resources intelligently. Only suitable training and development programs for employees can increase the capacity of the whole workforce. Once the

Sunday, October 27, 2019

Approach To Estimate The Salivary Flow Using Chromatography

Approach To Estimate The Salivary Flow Using Chromatography Abstract: Aim: To develop a simple and safe method to estimate the salivary flow using chromatography paper. Materials and Method: 30 volunteers participated in the study. The salivary flow rate was estimated using chromatography filter paper and compared with the salivary flow rate per minute. The assay consisted of 3 spots containing starch and potassium iodide per spot on filter paper. Based on the color reaction on the chromatography filter paper the salivary flow rate was estimated. Results: Pearson’s correlation test showed highly significant negative correlation when the salivary flow rate and the number of colored dots were compared. Conclusion: This method can be used as a chairside diagnostic aid in estimation of salivary flow Key words: chromatography filter paper, salivary flow rate, diagnostic aid A Novel Approach To Estimate The Salivary Flow Using Chromatography Paper Introduction: Quantitative and/or qualitative alterations in salivary secretion may lead to localadverse effects like caries, oral mucositis, candidiasis, oral infections, chewing disorders, halitosis and functional adverse effects like dysphagia, hypersalivation(sialorrhea) and hyposalivation(xerostomia).1 Whole saliva (mixed saliva) is a mixture of oral fluids that includes secretions from both the major and minor salivary glands, in addition to several constituents of non-salivary origin, such as gingival crevicular fluid (GCF), expectoratedbronchial and nasal secretions, serum and blood derivatives from oral wounds, bacteria and bacterial products, viruses and fungi, desquamated epithelial cells, other cellular components, and food debris.2 Stimulated saliva is produced on account of some mechanical, gustatory, olfactory, or pharmacological stimulus, contributing to around 80% to 90% of daily salivary production. In adults the total stimulated salivary flow ranges from 1 to 3 ml/min3whereas the unstimulated salivary flow at rest ranges from 0.25 to 0.35 ml/min.4 Unstimulated salivary flow rate is most affected by the degree of hydration, olfactory stimulation, exposure to light, body positioning, and seasonal and diurnal factors. There are various methods for the estimation of salivary flow including measurement of glandular salivary flow, resting salivary flow and stimulated salivary flow. The best two ways to collect whole saliva are the draining method, in which saliva is allowed to drip off the lower lip, and the spitting method, in which the subject expectorates saliva into a test tube.2 This method is time consuming and needs special apparatus like collection tubes or volume meter. AIM:To evaluatea simple and safe method for the estimation of salivary flow using chromatography paper MATERIALS AND METHODS: The study consisted of 30 volunteers comprising of 21 females and 9 males, aged 20-20yrs. The subjects were asked to sit in an upright position with their head bent in a downward position and were asked to collect the saliva in their mouth for 1minute and asked to spit into the collecting test tubes at the end of 1 minute to determine the salivary flow rate/min. METHOD OF PREPARATION OF FILTER PAPER: The filter paper for the estimation of salivary flow was prepared according to a method given by Takashi et al using soluble starch, potassium iodideand chromatography paper (70 mm Ãâ€"21 mm). 4 µl of the detection reagent (1% starch solution and 0.3 mol/L potassium iodide solution mixed at a ratio of 3:1) was placed at 3 places on the chromatography paper using a micropipette. The filter paper was left overnight in a cool dark room and then stored in a light-resistant container until use. The soluble starch and potassium iodide were dissolved in 0.1 mol/L Tris-HCl buffer the adjusted pH of 7.3.5 METHOD OF PREPERATION OF COLORING REAGENT: The coloring reagent was prepared from a solution of 31% hydrogen peroxide, ethanol and distilled water at a ratio of 1:7:1. METHOD OF COLLECTION OF SALIVA: Subjects were asked to open their mouths and then to lift the tongue. The tip of the paper was put on the center of the floor of the mouth in the sublingual region. After 1 minute, the filter paper was taken out and then the coloring reagent (approximately 2 µ L) was added dropwise to the spots in the filter paper. Via the iodine-starch reaction, colorless spots immediately turned blue. The number of blue spots, including partly colored spots (50%), was grossly counted as an integer. Based on this we examined the relationship between the number of colored spots and salivary flow rates after insertion of filter paper for 1 minute in the sublingual regions of healthy subjects.5 DISCUSSION: Common methods for collecting whole saliva include draining, spitting, suction and swab (absorbent) method. In draining method saliva is allowed to drip off the lower lip into a preweighted container or graduated test tube. In spitting method of collection, the saliva is allowed to collect in the floor of the mouth and subjects are asked to spit in the collecting tubes. Whereasin suction method saliva is continuously aspirated from the floor of the mouth into graduated test tubes. In absorbent method pre-weighed cotton rolls, swabs, or gauze are inserted into the opening of the ductal orifices of the salivary glands and reweighed after the collection is completed.The suction and swab method causes some degree of stimulation and variability and thus are not recommended for unstimulated salivary collection whereas swab method is said to be least reliable among the above mentioned methods.6 the otherdisadvantages of these methods are that they are time consuming and need special apparat us like collection tubes or volume meter. Takashi et al proposed the present method the present assay for salivary flow assessment. The assay system consists of 3 spots 1mm apart containing starch and potassium iodide on the filter paper. Potassium iodide in the spots easily gets displaced with the flow of saliva, in contrast to this starch does not get displaced and gets retained in the original spot. Thus, the colorless spots on the paper not infiltrated with saliva immediately turned blue with the addition of the coloring reagent that contained hydrogen peroxide, whereas the spots on the paper infiltrated with saliva does not show the color. Colored spot is based on the reaction of saliva between potassium iodide and starch in the chromatography paper and the color reaction of iodine-starch to hydrogen peroxide.5 Unstimulated saliva reflects the basal salivary flow rate while stimulated salivarepresents the fuctional reserve of the salivary glands. So the study of unstimulated saliva is useful for the study of salivary gland status.1The presentmethod can be of help in case of elderly patients suffering from xerostomia, in screening tests, post radiation therapy for cancer in elderly patients where salivary flow measurement can play a chair side diagnostic test. In addition, the method can easily be adjusted to variations in cutoff values and accuracy by changing the number of spots and distance between the spots on the filter paper With the present method excellent results were obtained between the salivary flow rate and the colored spots with an r value of -1 and p value of 0.0 in healthy individuals. Thus the routine use of this method as a chair side assessment assay for salivary flow would be of benefit to all practicing dentists and patients alike.

Friday, October 25, 2019

Essay --

Kashayla Snipes Dr. Nancy Blair English Composition 1102 February 25, 2014 Othello: A Tragedy of Jealosuy â€Å"Jealousy is troublesome to others, but a torment to themselves.† Those are words from a famous entrepreneur and philosopher, William Penn. In William Shakespeare’s Othello, the act of jealousy is a powerful sensation seen almost in every aspect and relationship throughout the tragedy. Furthermore, it is one of the most important topics in the play. Based on the conflicts within Othello, jealousy can be defined as troubles or misfortune caused by hallucinations. At the same time, Millicent Bell states in his essay, â€Å"Othello’s Jealousy† that the characters are driven to madness by being allowed to see what really is not so or simply using imagination. Bell also goes on to say the jealousy traits are shown only in a sexual manner. That statement can be argued against. True enough, sexual jealousy is shown in Othello, but it is not the only form of jealousy exposed. According to Medical Dictionary, sexual jealousy is a condition characterized by suspicion of a spouse's infideli...

Thursday, October 24, 2019

How Far Was Political Opposition to the Tsar Divided 1881-1905?

How far was political opposition to the Tsar divided in their aims and methods, 1881-1905? Political opponents of the Tsar were clearly divided in their aims and methods, and consequentially may have contributed to the survival of Tsarist Russia. The main parties were the Social democrats (Bolsheviks and Mensheviks), Social Revolutionaries and Liberals (Octobrists and Kadets). Each of these radical parties had their own separate beliefs on what Russia needed and each aimed for some sort of change. However, within the groups, there were many issues, which they refused to work with each other to solve.The SR believed that Russia’s future lay with the peasantry and so they wanted to give peasants their own land and improve living conditions for working classes. They used tactics such as terrorism and assassinations, such as the assassination of Alexander II. The Liberals also aimed to deal with these social problems facing Russia while establishing a democracy. However, the Liber als, especially Octobrists, did not agree with the violent tactics. They preferred votes and discussions as a way to put across their opinion. In fact, the Liberals were the most moderate of all the radical parties in Russia.They wanted to abolish autocracy and have the power shared between a democratic government. Similarly, the Social Democrat party also wanted to establish a democracy but, once again, without their aggressive methods. While the SR had a terrorist wing, the Bolsheviks and Mensheviks preferred using propaganda campaigns. Although there are some similarities in the aims of the parties, the major differences in methods used meant that each group’s strength alone was not enough to achieve their own specific goals and even though the groups did have some tactics such as propaganda in common, it was not enough.The parties all also pursued support from different groups of the population. For example, while the Liberal Kadets got support from the educated middle cl ass, the Bolsheviks sought support from dedicated revolutionaries. Therefore, with no one party gaining support from a majority, it was hard for one to stand out and become a major threat to the Tsar at the time. Support came from the way each party appealed to the public. For example, while the SR carried out a wave of political assassinations in order to onvey their drastic belief of abolishment of Tsarism, their ideas of peasant ownership of land would spread and so peasants would support them and so would radical revolutionaries. In this way, they developed the â€Å"Russian Union of Peasants. † However, people who believed in non-violent methods would support the Liberals who are more moderate. This way, the parties will not get enough support to stand a chance against the main reasons why Tsarism should stay. These include the church, the belief of the divine right, the army and the Okhrana which were very effective in keeping the Tsar in a state of power.

Wednesday, October 23, 2019

Five Forces Model

Indus Motor Company (IMC) is a joint venture between the House of Habib , Toyota Motor Corporation Japan (TMC) , and Toyota Tsusho Corporation Japan (TTC) for assembling, progressive manufacturing and marketing of Toyota vehicles in Pakistan since July 01, 1990. IMC is engaged in sole distributorship of Toyota and Daihatsu Motor Company Ltd. vehicles in Pakistan through its dealership network. The company was incorporated in Pakistan as a public limited company in December 1989 and started commercial production in May 1993.The shares of company are quoted on the stock exchanges of Pakistan. Toyota Motor Corporation and Toyota Tsusho Corporation have 25 % stake in the company equity. The majority shareholder is the House of Habib. IMC's production facilities are located at Port Bin Qasim Industrial Zone near Karachi in an area measuring over 105 acres. Indus Motor Company’s plant is the only manufacturing site in the world where both Toyota and Daihatsu brands are being manufac tured. Heavy investment was made to build its production facilities based on state of art technologies.To ensure highest level of productivity world-renowned Toyota Production Systems are implemented. IMC's Product line includes 6 variants of the newly introduced Toyota Corolla, Toyota Hilux Single Cabin 4Ãâ€"2 and 4 versions of Daihatsu Cuore. We also have a wide range of imported vehicles. VISION AND MISSION: â€Å"IMC’s Vision is to be the most respected and successful enterprise, delighting customers with a wide range of products and solutions in the automobile industry with the best people and the best technology†. †¢ * The most respected. * The most successful. * * Delighting customers. * * Wide range of products. * * The best people. * * The best technology. Mission of Toyota is to provide safe & sound journey. Toyota is developing various new technologies from the perspective of energy saving and diversifying energy sources. Environment has been first and most important issue in priorities of Toyota and working toward creating a prosperous society and clean world. MANAGEMENT TEAM: Ali S. Habib (Chairman) K Hyodo (Vice Chairman) Parvez Ghias (Chief Executive Officer)INFORMATION TECHNOLOGY: Mr. Adnan Qazi (Chief Information Officer) FINANCE: Muhammad Faisal (Chief Financial Officer) Mustafa Hasan Lakhani (Company Secretary) HUMAN RESOURCE: Mr. Salim Azhar(Director) LOGISTICS, ADMINISTRATION & COMMERCIAL: Mr. Salim Azhar (Director) MANUFACTURING: Mr. Y. Tsubaki (Director) SALES & MARKETING: Mr. Raza Ansari (Director) INTERNAL AUDIT: Mr. Ahson Tariq (Chief of Internal Audit) Collaboration Equity : | | | Toyota Motor Corporation| | Toyota Tsusho Corporation| | House of Habib| | | Business 😠 | | | TOYOTA GROUP|   | Technology & KD Parts|   | | Materials, Parts & Logistics Support| | | Technology KD Parts| | | Hilux Frame & Deck| | | VALUE CHAIN ANALYSIS OF TOYOTA Indus Motors Co. The value chain is a sys tematic approach to examining the development of competitive advantage.It was created by M. E. Porter in his book, Competitive Advantage (1980). The chain consists of a series of activities that create and build value. They conclude in the total value delivered by an organization. The ‘margin' depicted in the diagram is the same as added alue. The organization is split into ‘primary activities' and ‘support activities. ‘ Primary Activities: Inbound Logistics: Here goods are received from a company's suppliers. They are stored until they are needed on the production/assembly line. Goods are moved around the organization. Toyota motors purchase their raw material from all around the world. In order to maximize their availability of raw material Toyota motors maintain good relationship with their suppliers. Toyota use JIT (Just In Time) approach for handling of raw material.Toyota Genuine oil is classified by quality using the Amarican Petroleum institute classi fication, ILSAC standerd and ASEA standerds, and by viscosity using the SAE classification Operations: This is where goods are manufactured or assembled. Individual operations could include organizing the parts to make new cars ;amp; the final tune for a new car's engine. Toyota motors are known for their reliability which comes from efficient operations. Outbound Logistics: The goods are now finished, and they need to be sent along the supply chain to wholesalers, retailers or the final consumer.Toyota motors manage their own Show rooms in different countries. Toyota motors make their product easily assessable. Area number of dealers Sindh 8 Punjab 12 Baluchistan 1 Islamabad (capital) 2 Azad Kashmir 1 Marketing and Sales:In true customer orientated fashion, at this stage the Toyota motors prepares the offering to meet the needs of targeted customers. This area focuses strongly upon marketing communications and the promotions mix. and 40% market share of this company and advertising budget 30%. and no sales promotion. and this company maintain market leadership. Service: This includes all areas of service such as final checking, after-sales service, complaints handling, training and so on. Toyota value their customers. And warranty-1 year/2000 miles.Support Activities Procurement: This function is responsible for all purchasing of goods, services and materials. The aim is to secure the lowest possible price for purchases of the highest possible quality. Toyota motors will be responsible for outsourcing (components or operations that would normally be done in-house are done by other organizations), and e-Purchasing (using IT and web-based technologies to achieve procurement aims). Technology Development: Technology is an important source of competitive advantage.Companies need to innovate to reduce costs and to protect and sustain competitive advantage. Toyota motors implemented production technology, Internet marketing activities, bend manufacturing, Customer Relationship Management (CRM), and many other technological developments Human Resource Management (HRM): Employees are an expensive and vital resource. Toyota motors manage recruitment and selection, training and development, and rewards and salary. Toyota motors consider their employees as HUMAN CAPITAL.The mission and objectives of the Toyota motor is the driving force behind the HRM strategy. Toyota motors uses following techniques to retain their employees: * Employment * Selection * Training and development * Compensation * Maintenance Firm Infrastructure: This activity includes and is driven by corporate or strategic planning. Toyota motors implemented Management Information System (MIS), and other mechanisms for planning and control in different departments. SUGESSIONS & RECMENDATIONS * Toyota motors should use Value Coalitions for better use of their under utilized recourses.Toyota develops synergies among their recourses. * Toyota should use design to maximize the perf ormance of their operations. Using the value chain approach, processes that provide direct value to the customer are modeled first. Imitative processes that support the value chain processes are modeled. * Reduction in advance amount * Delivery time to minimize * Less costly vehicle with name of Toyota * No delivery charge viewer * No price change for undelivered vehicle * Promotion should be started * Test drive facilities at all deale Five Forces Model Introduction Coca-Cola Company is the world's largest nonalcoholic beverage company. It offers a portfolio of world class quality sparkling and still beverages, starting with Coca-Cola ® and extending through over 400soft drinks, juices, teas, coffees, waters, sports and energy drinks that refresh, hydrate, nourish, relax and energize. Coca-Cola has more than 400 brands are nearly 2,400 beverage products. Four of the world's top-five soft-drink brands are: Coca-Cola, Diet Coke ®, Sprite, Fanta, Thums Up and Limca, which are formulated to appeal to local cultures and lifestyles.With operations in more than 200 countries, we have a diverse workforce of approximately 55,000 Company employees. Coca Cola family of beverages accounts for approximately 1. 3 billion servings worldwide of the 50 billion beverage servings consumed every day-a figure that indicates both strength and growth opportunity of the company. Company profile: Coca-Cola is a carbonated soft drink sold in stores, rest aurants, and vending machines in every country except Cuba and North Korea. 1] It is produced by The Coca-Cola Company of Atlanta, Georgia, and is often referred to simply as Coke (a registered trademark of The Coca-Cola Company in the United States since March 27, 1944). Originally intended as a patent medicine when it was invented in the late 19th century by John Pemberton, Coca-Cola was bought out by businessman Asa Griggs Candler, whose marketing tactics led Coke to its dominance of the world soft-drink market throughout the 20th century.The Coca-Cola Company (NYSE:  KO) is an American multinational beverage corporation and manufacturer, retailer and marketer of non-alcoholic beverage concentrates and syrups, which is headquartered in Atlanta, Georgia. [3] The company is best known for its flagship product Coca-Cola, invented in 1886 by pharmacist John Stith Pemberton in Columbus, Georgia. [4] The Coca-Cola formula and brand was bought in 1889 by Asa Candler who incorporated T he Coca-Cola Company in 1892.Besides its namesake Coca-Cola beverage, Coca-Cola currently offers more than 500 brands in over 200 countries or territories and serves over 1. 7  billion servings each day. [5] The company operates a franchised distribution system dating from 1889 where The Coca-Cola Company only produces syrup concentrate which is then sold to various bottlers throughout the world who hold an exclusive territory. The Coca-Cola Company owns its anchor bottler in North America, Coca-Cola The company produces concentrate, which is then sold to licensed Coca-Cola bottlers throughout the world.The bottlers, who hold territorially exclusive contracts with the company, produce finished product in cans and bottles from the concentrate in combination with filtered water and sweeteners. The bottlers then sell, distribute and merchandise Coca-Cola to retail stores and vending machines. Such bottlers include Coca-Cola Enterprises, which is the largest single Coca-Cola bottler i n North America and western Europe. The Coca-Cola Company also sells concentrate for soda fountains to major restaurants and food service distributors.The Coca-Cola Company has, on occasion, introduced other cola drinks under the Coke brand name. The most common of these is Diet Coke, with others including Caffeine-Free Coca-Cola, Diet Coke Caffeine-Free, Coca-Cola Cherry, Coca-Cola Zero, Coca-Cola Vanilla, and special versions with lemon, lime or coffee. Based on Interbrand's best global brand 2011, Coca-Cola was the world's most valuable brandThe Company manufactures, markets and sells Leao / Matte Leao teas in Brazil through a joint venture with its bottling partners.During 2011, the Company introduced a variety of brands, brand extensions and beverage products: the Latin America group launched Frugos Sabores Caseros; in the Pacific group, Fanta, a fruit-flavored sparkling beverage, was relaunched in Singapore and Malaysia; Real Leaf, a green tea-based beverage, launched two vari eties in Vietnam; and in South Korea it introduced three flavor variants of the Georgia Emerald Mountain Blend ready-to-drink coffee beverage and Burn Intense, an energy drink; the Europe group launched Powerade ION4 in Denmark, Norway, Sweden and France, France launched Powerade Zero; in the Eurasia and Africa group, Turkey launched Cappy Pulpy, and India launched Fanta Powder, an orange-flavored powder formulation; Schweppes Novida, a sparkling malt drink, was launched in Kenya and Uganda; and in Uganda Coca-Cola Zero was launched; in Egypt, it launched Cappy Fruitbite; and Schweppes Gold, a sparkling flavored malt drink, and in Ghana, it launched Schweppes Malt, a dark malt drink. During 2011, the Company sold approximately 26. 7 billion unit cases of its products. The Company’s core sparkling beverages include Coca-Cola, Sprite, Fanta, Diet Coke / Coca-Cola Light, Coca-Cola Zero, Schweppes, Thums Up, Fresca, Inca Kola, Lift and Barq's. Its energy drinks include Burn, Nos and Real Gold. Its juices and juice drinks include Minute Maid, Minute Maid Pulpy, Del Valle, Simply, Hi-C, Dobriy and Cappy.The Company’s other still beverages include glaceau vitaminwater and Fuze. The Company’s coffees and teas include Nestea teas, Georgia coffees, Leao / Matte Leao teas, Sokenbicha teas, Dogadan teas and Ayataka teas. Its sports drinks include Powerade and Aquarius. The Company’s waters include Ciel, Dasani, Ice Dew, Bonaqua / Bonaqa and Kinley. The Company competes with PepsiCo, Inc. , Nestle, Dr Pepper Snapple Group, Inc. , Groupe Danone, Kraft Foods Inc. and Unilever. SOME BRANDS OF COCA COLA Coke's Porter's Five Force Model Coke recognized that designing products, manufacturing processes and marketing strategies are to be internationally standardized.These factors are dictated by the scales of economy of different countries and the imperative need for cheaper means of production. Thus, Coke studied the five industry forces to evolve its competitive advantage over Pepsi. As per Porter’s formula, Coke’s Porter's Five Force Model plan was to differentiate its frontline Cola product from its chief rival Pepsi by adopting certain operational methods. To heighten its competitive advantage, Coca Cola applied the Porter's formula Coca Cola has an enviable track record and there are countless millions of costumers the world over and with its five forces strategy it has succeeded remarkably in differentiating its products. The five forces plan is to assess the status of the industry in the open marketplace.It goes into the nature of competition, examines the external threats and identifies the opportunities to achieve competitive advantage. 1. Intensity of Existing Rivalry The first aspect was the low business rivalry. The market was essentially shared by Pepsi and Coca Cola, with a combined market share of 80 percent. The fact is Coca Cola owns two of the three soft beverages in the market, has few competitors and constantly striving for international presence. The second was to consider the bargaining power with suppliers that can be rated as low. The role of Coca Cola was to primarily supply either sucrose or fructose and undertake the bottling work. Sugar is commonly available and can be bought in the open market.If sugar became overly costly, the company could buy corn syrup instead. They even bought this substitute earlier during the early 1980s. As a matter of fact, Coca Cola buys high fructose corn syrup as its ingredient inside U. S. and sucrose only in countries other than US. * Large industry size Large industries allow multiple firms and produces to prosper without having to steal market share from each other. Large industry size is a positive for Coca-Cola. †¦ â€Å"Large industry size (Coca-Cola)† has a significant impact, so an analyst should put more weight into it. â€Å"Large industry size (Coca-Cola)† is an easily defendable qualitative factor, so com peting institutions will have a difficult time overcoming it. Large industry size (Coca-Cola)† will have a long-term negative impact on this entity, which subtracts from the entity's value. * Mature industry 2. High number of substitutes High number of substitutes (Coca-Cola) which has a significant impact, â€Å"High number of substitutes (Coca-Cola)† will have a long-term positive impact on the this entity, which adds to its value. â€Å"High number of substitutes (Coca-Cola)† is a difficult qualitative factor to defend, so competing institutions will have an easy time overcoming it. 3. Bargaining Power of Suppliers * Water is the main ingredient â€Å"Water is the main ingredient (Coca-Cola)† has a significant impact, so an analyst should put more weight into it. Water is the main ingredient (Coca-Cola)† will have a long-term negative impact on this entity, which subtracts from the entity's value. * Critical production inputs are similar When crit ical production inputs are similar, it is easier to mix and match inputs, which reduces supplier bargaining power; a positive for Coca-Cola. * Low cost of switching suppliers The easier it is to switch suppliers, the less bargaining power they have. Low supplier switching costs positively affect Coca-Cola. 4. Bargaining Power of Buyers * Product is important to customer When customers cherish particular products they end up paying more for that one product. This positively affects Coca-Cola. Product is important to customer (Coca-Cola) which has a significant impact, so an analyst should put more weight into it. * Large number of customers: When there are large numbers of customers, no one customer tends to have bargaining leverage. Limited bargaining leverage helps Coca-Cola. â€Å"Large number of customers (Coca-Cola)† has a significant impact, so an analyst should put more weight into it. 5. Threat of new customers * Strong brand names are important If strong brands are cr itical to compete, then new competitors will have to improve their brand value in order to effectively compete. Strong brands positively affect Coca-Cola. * Customers are loyal to existing brands It takes time and money to build a brand.When companies need to spend resources building a brand, they have fewer resources to compete in the marketplace. These costs positively affect Coca-Cola. Strategic Group Map A Strategic Group Map is used to compare companies within an industry that have similar business model. These companies are compared on the basis of two variables. In the comparison of the companies in the non-alcoholic industry the two variables chosen are the percentage volume change since the last year and the current market share. The diagram identifies the two direct competitors in the industry which are PepsiCo and Coca-Cola Company. The diagram also shows that they compete on the basis of the market share of the industry and volume of sales.The two groups that can be easi ly interpreted from the map are of Pepsi and Coke and the other group being Dr Pepper the other one. Pepsi and Coke should be on high alert as the volume a change of the other group is gaining. It is not likely for any of Conclusion: Finally, to consider the possible threats of substitutes that may again be rated as low. There are quite a few reasons why the threat of substitute is low – particularly against Coca Cola. The foremost of them is brand loyalty. Coca Cola has an enviable track record and there are countless millions of costumers the world over, who would never abandon the brand and other Coca Cola products. There is no denying that Coca Cola has succeeded remarkably in differentiating its products.

Tuesday, October 22, 2019

The case is about the Monetta Financial Services Company, an investment house Essay Example

The case is about the Monetta Financial Services Company, an investment house Essay Example The case is about the Monetta Financial Services Company, an investment house Essay The case is about the Monetta Financial Services Company, an investment house Essay The case is about the Monetta Financial Services Company, an investment house. The company has been charged by the Securities and Exchange Commission (SEC) of United States that it knowingly allocated hot IPOs to its own Directors and trustees instead of to its mutual fund clients. The case explains the process of issuing of the Initial Public Offerings (IPOs) in the United Statess capital market in addition to describing the critical role played by the investment bank or underwriters. The case highlights how the underwriters carry out the due diligence of the company, writes the prospectus and file the all important documents with the SEC. The case ends with the series of stock market data for IPOs in which Monetta participated and require the students to draft the brief for SEC enabling it to make a case against the company. Brief for SEC In order to draft a brief for the SEC that will help SEC to make its case against Monetta Financial Services, Inc. it is imperative to describe here the methodology and set of techniques that will be used to build the case. Two major arguments will be used to establish that Monetta willingly and knowingly distributed hot IPOs to its directors. These are mathematical / statistical arguments using standard descriptive statistics and legal arguments based on the SEC Act. Both arguments will hopefully proof beyond reasonable doubt that Monetta acted with ill faith and deceitful intent. Statistical Analysis To perform the statistical analysis we need to separate the IPOs that were allocated to Directors with the ones allocated to the Fund clients in order to show that IPOs allocated to Directors have higher returns with low risk as compared to IPOs allocated to Fund clients in addition to comparing these figures with the overall 50 IPOs in which Monetta participated. Using four data series i.e Ret-Close, Ret-Open, Flipping Ratio and Mid-to-Offer, we will calculate descriptive statistical figures for each set of IPOs (Directors and Fund clients). Return-to-Open Data Series The return-to-open is defined as the change in price of IPO from offering price to the opening day trade price. The higher percentage change from offering to open day trade price represents that IPO is hot. Using the statistical data in Exhibit 1, following can be inferred: * The IPOs allocated to directors have a mean 34.2% with a standard deviation (read: risk) of 16.7%. As compared to IPOs allocated to fund clients where the mean appreciation in the price is 22.7% with a standard deviation of 19.3%. It clearly indicates that IPOs allocated to directors have higher returns with low risk attached to them. * Similarly, minimum and maximum price appreciation for the IPOs allocated to directors was 12.5% and 68.8% respectively. While minimum and maximum price for IPOs allocated to fund clients were 0% and 69.4% that represents that the range is much wider for IPOs allocated to fund clients. * Comparing both percentages with the overall percentages shows that IPOs allocated to directors appreciates 9% more as compared to 3% for IPOs allocated to clients on day 1. * Other statistics such as sample variance and skewness also lead us to believe that Monetta allocated hot IPOs to its directors and cold IPOs to fund. Flipping Ratio Data Series The term Flipping ratio indicates block of 10,000 shares sold on the day 1 of IPOs trading. It reflects whether the investor consider the share to yield long-term gains. If the flipping ratio is low which means that the investor consider it best IPOs in terms of long-term investment. Based on this ratio and using the series of statistical analysis in Exhibit 2, we conclude that: * For the period in question, the average Flipping ratio was 19.0% for the IPOs allocated to director/both, 29.5% allocated to fund client, and 26.7% for all IPOs. * Another important measure that proves that Monetta allocated best IPOs to its directors is Median. The median for IPOs allocated to directors was 17.4% as compared to 24.3% for IPOs allocated to fund clients. The 17.4% is again lower in comparison with the median for all IPOs that were 23%. * This above data proves that well informed investors do not flip the hottest IPOs because on the average these are the best long-term investment. Mid-to-Offer Data Series The Mid-to-Offer is a good indicator for the hot IPOs. It highlights the change in IPOs issue price from the mid-point of the filing range to the offering price. The higher change in the percentage of Mid-to-Offer price from its initial filing range proves that shares are most likely to be above average performers in the secondary market trading. Based on the calculation as shown in Exhibit 3, we see that: * The Mid-to-Offer change for 13 IPOs allocated to directors was 21.9%, while for 37 IPOs allocated to fund clients the Mid-to-Offer change was 10.1%. Since the information of changes in Mid-to-Offer price is available before the trading of share begins, therefore any well informed investor can easily deduct the level of demand or in other word interest level of potential buyers. * The range (max and min) is especially a good measure to determine the Mid-to-Offer change. Looking at the ranges for IPOs allocated to director which was from 0% to 60% and IPOs allocated to fund clients which was -27.3% to 80, it is safe to conclude that Monetta knowingly allocated best IPOs to its directors because of the reason stated above. The change in the price for IPOs allocated to directors does not fall below 0%., while for 10 IPOs out of 37 IPOs allocated to fund clients the Mid-to-Offer price becomes negative. All of the above analysis leads us to believe that there is statistical significant inference that Monetta deliberately, willfully and consistently allocated IPOs that had, or appeared to have had, the highest probability of earning the best returns with the minimum possible risk. The management of Monetta knew well in advance about the chances of any particular IPO of giving highest return because of there knowledge about that IPO, since they attend all of the meetings organized by the underwriters to market their IPOs. Also, these statistics proves that there is a high probability that the result did not occur by chance. Similarly, individual analysis of Return-to-Open, and Flipping Ratio produce positively correlated results as shown in Exhibit 4. As shown the correlation for IPOs allocated is -0.675 as compared to -0.684 for IPOs allocated to clients. Legal Analysis The statistical analysis proved beyond doubt that Monetta distributed IPOs to its directors that were hot, therefore violated a number of SEC laws and its fiduciary responsibilities. The Monetta management was fiduciaries of the company. A fiduciary duty is a duty to act for someone elses benefit, while subordinating ones personal interests to that of the other person1. By deliberately and willfully allocating hot IPOs to its directors the management of Monetta did not upheld the highest standard of duty implied by law. More specifically, the Monetta management violated following SEC laws2: Section 17(a) of Securities Act and Section 10(b) of Exchange Act and Rule 10b-5 Section 17(a) of Securities Act and Section 10(b) of Exchange Act and Rule 10b-5 prohibits any person in the offer, purchase, and sale of any security in interstate commerce or by use of the mails: (1) to employ any device, scheme, or artifice to defraud, or (2) to obtain money of any untrue statement of material fact or any omission of a material fact necessary so as not to mislead, or (3) to engage in any transaction, practice, or course of business which would operate as fraud or deceit upon the purchase. The statistical analysis proves that Monetta willfully violated the antifraud provisions of the securities statutes because each knowingly or recklessly omitted to inform Fund shareholders and prospective shareholders of the conflict of interest caused by the allocation to the directors of hot IPOs by Monetta. Section 206 (1) and Section 206 (2) of the Advisors Act It also proved the Monetta willfully violated Section 206 (1) and Section (2) of the Advisors Act by not disclosing to the Funds, the Funds clients and possible investors the allocation of hot IPOs to certain directors. Assumptions The set of assumptions that I have made in establishing the case against Monetta is as follows: * The Monetta management attended all the presentations conducted by underwriters on behalf of its clients. * The Monetta knew special information such as subscription ratio for all the IPOs and deliberately did not disclose this information to its fund clients. * The Monetta management are composed of experienced professionals that can predict with relatively high accuracy when the opening trading price of an IPO in the secondary market likely will be greater that the offering price even before the issuing of IPO Exhibit 1 Open-to-Return Data Series IPOs (Directors/Both) Mean 0.342384615 Standard Error 0.046326951 Median 0.292 Standard Deviation 0.167034197 Sample Variance 0.027900423 Kurtosis 0.852885034 Skewness 1.186083281 Range 0.563 Minimum 0.125 Maximum 0.688 Count 13 IPOs IPOs (Fund Clients) Mean 0.227162162 Standard Error 0.031890967 Median 0.177 Standard Deviation 0.193985182 Sample Variance 0.037630251 Kurtosis -0.346461682 Skewness 0.745853834 Range 0.694 Minimum 0 Maximum 0.694 Count 37 IPOs IPOs (Overall) Mean 0.25712 Standard Error 0.027234517 Median 0.242 Standard Deviation 0.192577113 Sample Variance 0.037085944 Kurtosis -0.298852966 Skewness 0.632488126 Range 0.694 Minimum 0 Maximum 0.694 Count 50 Exhibit 2 Flipping Ratio Data Series IPOs (Directors/Both) Mean 0.190307692 Standard Error 0.01577989 Median 0.174 Standard Deviation 0.056895203 Sample Variance 0.003237064 Kurtosis 0.383093378 Skewness 0.17173002 Range 0.221 Minimum 0.081 Maximum 0.302 Count 13 IPOs IPOs (Fund Clients) Mean 0.295216216 Standard Error 0.02760873 Median 0.243 Standard Deviation 0.167937345 Sample Variance 0.028202952 Kurtosis 0.96144109 Skewness 1.165747672 Range 0.703 Minimum 0.085 Maximum 0.788 Count 37 IPOs IPOs (Overall) Mean 0.26794 Standard Error 0.021759603 Median 0.2305 Standard Deviation 0.15386363 Sample Variance 0.023674017 Kurtosis 2.143649271 Skewness 1.500169594 Range 0.707 Minimum 0.081 Maximum 0.788 Count 50 Exhibit 3 Mid-to-Offer Data Series IPOs (Directors/Both) Mean 21.9 Standard Error 4.429027213 Median 18.2 Standard Deviation 15.96908472 Sample Variance 255.0116667 Kurtosis 1.375573908 Skewness 1.058585971 Range 60 Minimum 0 Maximum 60 Count 13 IPOs (Fund Clients) Mean 10.11351351 Standard Error 3.405602085 Median 9.1 Standard Deviation 20.71546875 Sample Variance 429.1306456 Kurtosis 2.888275781 Skewness 1.22609158 Range 107.3 Minimum -27.3 Maximum 80 Count 37 IPOs (Overall) Mean 13.178 Standard Error 2.846068954 Median 11.2 Standard Deviation 20.12474657 Sample Variance 405.0054245 Kurtosis 1.920960104 Skewness 0.940388102 Range 107.3 Minimum -27.3 Maximum 80 Count 50 Exhibit 4 Correlation Coefficient for IPOs allocated to Directors/Both ISSUE PORTFOLIO Ret-Open Flipping Mid-Offer (%) Powersoft Director 0.688 0.081 33.3 Wall Data Both 0.25 0.186 33.3 Parallan Computer Both 0.125 0.302 9.1 BHC Financial Both 0.268 0.174 0 3DO Director 0.233 0.153 36.4 Catalyst Semiconductor Director 0.205 0.242 10 Auspex Systems Director 0.292 0.245 9.1 Papa Johns International Both 0.385 0.17 18.2 Sunglass Hut International Both 0.363 0.215 21.2 BroadBand Technologies Both 0.431 0.163 12.5 Cyrix Director 0.234 0.15 14.3 Wonderware Both 0.321 0.239 27.3 NetManage Both 0.656 0.154 60 Correlation Coefficient using the Return-to-Open and Flipping Data Series is as follows: =CORREL(Ret-Open, Flipping) returns -0.675. The negative signs show that there exists inverse relationship between appreciations of share price on day 1 with the amount of shares sold in the block of 10,000 termed as Flipping. Exhibit 5 Correlation Coefficient for IPOs allocated to Fund Clients ISSUE PORTFOLIO Ret-Open Flipping Mid-Offer (%) A Pea in the Pod Fund 0.021 0.561 -14.3 Actel Fund 0.184 0.229 0 Allied Holdings Fund 0.018 0.124 0 ANTEC Fund 0.333 0.232 20 Avid Technology Fund 0.25 0.2 25 Broadcasting Partners Fund 0.276 0.117 11.5 Cobra Golf Fund 0.524 0.228 10.5 Coca-Cola FEMSA Fund 0.098 0.273 13.9 Community Health Computing Fund 0.1 0.395 -9.1 Cornerstone Imaging Fund 0.318 0.149 18.9 CTL Credit Fund 0 0.424 0 Envirotest Systems Fund 0.078 0.407 6.7 Gupta Fund 0.694 0.13 80 HomeTown Buffet Fund 0.4 0.237 50 Inco Homes Corp Fund 0 0.607 -9.1 Intuit Fund 0.375 0.119 25 Key Technology Fund 0.056 0.434 -18.2 Kurzweil Applied Intelligence Fund 0.225 0.315 -9.1 The data provided here is truncated to save space. The figure below is for all 37 IPOs. Correlation Coefficient using the Return-to-Open and Flipping Data Series is as follows: =CORREL(Ret-Open, Flipping) returns -0.684. The negative signs show that there exists inverse relationship between appreciations of share price on day 1 with the amount of shares sold in the block of 10,000 termed as Flipping. 1 Securities and Exchange Commission of US website 2 Securities Regulation by David L. Ratner, 3rd Edition and SECLAW.com website

Monday, October 21, 2019

8 Ways to Tell If a Website Is Reliable

8 Ways to Tell If a Website Is Reliable For every reputable website, there are dozens chock full of information thats inaccurate, unreliable or just plain nutty. For the unwary, inexperienced journalist  or researcher, such sites can present a minefield of possible problems. With that in mind, here are eight ways to tell if a website is reliable. 1. Look for Sites from Established Institutions The internet is full of websites that were started five minutes ago. What you want are sites associated with trusted institutions that have been around for awhile and have a proven track record of reliability and integrity. Such sites may include those run by government agencies, non-profit organizations,  foundations, or colleges and universities. 2. Look for Sites with Expertise You wouldnt go to an auto mechanic if you broke your leg, and you wouldnt go to the hospital to have your car repaired. Im making an obvious point: Look for websites that specialize in the kind of information youre seeking. So if youre writing a story on a flu outbreak, check out medical websites, such as the Centers for Disease Control, and so on. 3. Steer Clear of Commercial Sites Sites run by companies and business - their websites usually end in .com - are more often than not trying to sell you something. And if theyre trying to sell you something, chances are whatever information theyre presenting will be tilted in favor of their product. Thats not to say corporate sites should be excluded entirely. But be wary. 4. Beware of Bias Reporters write a lot about politics, and there are plenty of political websites out there. But many of them are run by groups that have a bias in favor of one political party or philosophy. A conservative website isnt likely to report objectively on a liberal politician, and vice versa. Steer clear of sites with a political ax to grind and instead look for ones that are non-partisan. 5. Check the Date As a reporter you need  the most up-to-date information available, so if a website seems old, its probably best to steer clear. One way to check - look for a last updated date on the page or site. 6. Consider  the Sites Look If a site looks poorly designed and amateurish, chances are it was created by amateurs. Steer clear. But be careful - just because a website is professionally designed doesnt mean its reliable. 7. Avoid Anonymous Authors Articles or studies whose authors are named are often - though not always - more reliable than works produced anonymously. It makes sense: If someone is willing to put their name on something theyve written, chances are they stand by the information it contains. And if you have the name of the author, you can always Google them to check their credentials. 8. Check the Links Reputable websites often link to each other. You can find out which other websites link to the site youre researching by conducting a link-specific Google search. Enter the following text into the Google search field, replacing [WEBSITE] with the domain of the site youre researching: link:[WEBSITE].com The search results will show you which websites link to the one youre researching. If lots of sites are linking to your site, and those sites seem reputable, then thats a good sign.

Saturday, October 19, 2019

A Mountain Run

From the perspective of many practical figures, at the top of the mountain: 1407 feet above sea level, 5 miles on the trail (4 kilometers), on a steep road, the 4 foot steps are shorter and at 2 months (400 miles) summer training ) GT-2020 ASICS running shoes weighed 110 pounds; Digital triathlon Timex, 8 laps memory, 18 minutes 17 seconds, 3 hours ago, 420 calories of breakfast (cereal bowl, half a) bagels and bananas ); Adding free fatty acids in the blood to energy using muscle cells stored in glycogen from this food; chemical process of releasing oxygen from oxygen-requiring muscle Baej and I want to go to Szyndzielnia Mountain (1020 m) to celebrate the most happy season of the year, spring and to do our first mountain run. For PR you need to assume that there is no rest, if you want to hear the real version of all those simple, we are almost there! Please come, you need to listen to the entire story (and all subsequent stories - the beginning of the season!) By drinking coffee o r Lit Beer (actually the runner should not do this). By default it is lazy. Of course I stand up and run to the mountains, but when it becomes difficult, I will be late. It was the best time with my wife when I ran on a local hill. Looking, she is a runner and walking around for a long time. When it's very steep, I am very fast, but when it's just a steep rolling she makes it faster. In the last part of the run she let me keep working so hard that under the push I reduced my running time by 20 minutes. This is 20 minutes longer than 10 kilometers. For those who do not run, this is a big advantage. I could not regain profit When I say mountain, I mean Rocky Point Rock. This is real mountain of Baby Mountain. But for me, it was a mountain early in 2013. I began to participate in running and it's time to start falling in love with hiking. But mountain? This is still a concept of outpatience for me. The top of the rock of the Great Sugar Loaf is so steep that I need to raise myself to m y last point with my own hands. It was fun to remember and it was scary then. The mountain is still new to me and I was still afraid of everything. But from the top it is worth it. On February 6, 2004, Lumarck was in the mountain in spite of the next storm. As the sun faded, Lumarck took the unknown path of Mammoth Mountain. When he reached a flat part he began to walk in the direction he thought would return him safely. It's not. He is in doubt. LeMarque is doing its best to survive. He eats bark and pine needles. He drank his urine. He ate some of his meat and fell from frost. He digged the trench in the snow and tried to avoid the element. Although there are unnecessary layers, he is jerky and uncomfortable, but he crammed the leaves into his clothes. He abandoned the rest and used a plastic bag as a container to dissolve snow in consumable water.

Friday, October 18, 2019

What is the good life Essay Example | Topics and Well Written Essays - 500 words

What is the good life - Essay Example Money is the means to purchase; it is true that the availability of money makes life better and a lot more comfortable. However, the availability of money is not tantamount to the attainment of a good life. A good life is characterized by happiness, money guarantees the availability of resources but it does not guarantee happiness in a home and satisfaction. Money enslaves people, turns friend into enemies, compels people to steal and engage in dishonest act. Money is therefore more related to evil than happiness and satisfaction. In the non-fictional story, Zeitoun, a character, Abdulrahman Zeitoun is introduced; he is a Muslim who moves from Syria to settle in the United States of America (Dave 12). While in America, he meets a Muslim convert, one Kathy who he later marries and together they have two children and a family business. Life for the young family is good enough. They have a family business which is capable of catering for their financial needs, they have children they are generally comfortable. Things change with time as hurricane Katrina strikes, the family is forced to separate as zeitoun chooses to remain and cater for the family business, he uses a second hand canoe to rescue the stranded tenants and provides shelter to abandoned dogs. He happily does this and shows affection to very strange people, he gains satisfaction from the smiles he receives from those he helps. Things change suddenly for him after he is arrested and the society within which he had lived and made a life for himself suddenly turns against him. The 9/11 incident takes place and situation worsen for Zeitoun who is of Arabic descent (Dave 22). The society is overly discriminated and Zeitoun is treated worse than a human is, he is denied basic needs that other American citizens in the same cells are granted. Good life is therefore a satisfactory life, satisfaction comes from setting personal goals and achieving them. Money is overly

Strategic Leadership - Case Study Example | Topics and Well Written Essays - 750 words

Strategic Leadership - - Case Study Example The working conditions are free and very safe whereby the employees can enjoy doing their work. The company offers equal opportunity for development within the organisation. Another notable aspect of the organisational culture at J&J is that the employees have the autonomy to make contributions towards the decisions that affect their operations. By virtue of allowing the employees to contribute towards decision making, the organisation will benefit in that the employees will have a sense of belonging to it hence will continue serving it faithfully. This culture adds value to the organisation in many ways. Performance of the employees is greatly improved and this allows the organisation to meet its goals and objectives. When employees have a sense of belonging to the organisation, they are committed to their work and this adds value to the organisation as well. When the organisation is in a position to meet the needs of the employees as a result of the optimum performance of the emplo yees, it can be noted that the organisation will have a competitive advantage over the other competitors which greatly adds value to the operations of the organisation as a whole. ... Thus, through creating a sense of belonging to the organisation greatly enhances the maintenance of this culture. 2. Ventrella as the president of the new Hospital Services Group is likely to face problems of resistance to change. Since HSG has been established as an independent company, there were numerous issues to be settled, most of which were related to the companies involved. For instance, decisions had to be made especially about who should own the inventory in the warehouses, what payment and credit terms would be or whether the supply company field sales men would introduce these to the customers. Indeed, there was need to attract competent people to meet this delicate operation. Likewise, one of the most challenging roles of a leader is to guide the organisation through a major change. Organisations operate in a dynamic environment which is constantly changing and for them to remain viable, change is inevitable in order to be able to keep pace with the developments taking p lace in the business environment. In this case, the leader plays a pivotal role in ensuring the success of the organisation undergoing a change process and this is a major problem likely to be faced by Ventrella given that the employees will resist the change idea during the preliminary stages. In most cases, change initiative is not readily accepted by the employees hence the need for Ventrella to carefully entice them to buy the idea. The workers form the backbone of an organisation and this is the reason why the leaders have to effectively influence them to share the same vision for the organisation. In some instances, workers are sceptical about change for fear of losing their jobs or being rendered powerless by the initiative as is the case since Ventrella seeks to centralise

Economics Assignment Essay Example | Topics and Well Written Essays - 1250 words - 2

Economics Assignment - Essay Example The reasons for the balance of payments deficit are many and varied. However, in simple terms, it can also be said that the people in the country consumes more than what they produce. Some of the areas that the UK has always been traditionally strong in the past no more hold good now. For example, at least until 1980, the UK had a vibrant and competitive manufacturing sector with ever-burgeoning exports across the world. As time passed by, the manufacturing sector began losing its grip on the international markets on cost, innovation and quality aspects. It is a fact that in growing economy, energy needs of the country also keeps on rising and when domestic resources are not sufficient enough to meet those rising energy needs of the country then the country is forced to import the same. It is pertaining to note that before 2004, the UK was exporting oil and gas being an energy surplus country; however, the production of gas and oil went on falling since 2004 onwards. Due to reduced production, not only it lost the status of energy exporting country but also it became a net importer to meet its energy needs. The above mentioned graph shows how production went on falling since its peak in year 2000 with almost steady consumption in all these years. It is obvious that all energy shortfalls should be met with imports. The year-wise energy imports have been presented in the table as per the following. Chakrabortty (2011) argues that the manufacturing sector in the UK has reduced in size significantly. Currently, the manufacturing sector constitutes only 11 percent of the national income employing only 2.5 million people. The de-industrialisaiton has happened because industries have not remained competitive enough and in the era of liberalization much of the industrial activities have moved to the third-world countries such

Thursday, October 17, 2019

International perspectives in organisation Literature review

International perspectives in organisation - Literature review Example According to Javidan et al. (2006), global leadership is one of the critical factors in the management of large multinational corporations. In their paper titled â€Å"In the eye of the beholder† the researchers particularly use the research findings from the Global Leadership and Organizational Behavior Effectiveness (GLOBE) program as a basis for conceptualizing the global leadership differences. Generally, Javidan et al. (2006) effectively presents the cultural profiles of four countries namely France, Egypt, Brazil and China as a case study to highlight the potential cultural implications of a hypothetical American executive working in the business environments in these countries. Javidan et al. (2006) particularly suggests that cross cultural leadership should represent an open mind and understand overly the cultures of different countries. Mangers should be critical and analyze empirically the cultures of their countries’ to the cultures of the people in the countries of their business operations. Managing and leading in different counties: The corporate management should be considerate on the types of marketing activities across the different countries of their operations. Both the dominant and metropolitan countries managerial schemes should be in an equilibrium and modal way of management. Regional clustering of globe nations: The business corporate world is prone to completion. Through these competitions, a global cultural clustering is therefore eminent with about 62-case studied culture clustering from America continent through to African continent to Asia and Europe (Jovidan et al, 2009 p.122). The study concludes by highlighting practices such as the ability of the individual global managers to share information about their culture alongside the culture of the host country, contemplate bridging the gap between two diversified cultures, to exhibit a high level of ambiguity tolerance and to remain

The case study of Tui Example | Topics and Well Written Essays - 2750 words

The of Tui - Case Study Example The report reveals its marketing strategy and describes how and why TUI has to change its plans and strategy under different changing environments. The study also reveals a general picture of company’s profile, history and achievements in all facets of tourism industry. The research is based on online data, excerpts from interviews and Company’s annual reports from 2004 to 2008. Touristik Union International abbreviated as TUI is a German based company with headquarters in Hanover. By name Preussag AG, the company remained involved in transportation and industrial business for many years. During mid-1990s the company adopted growth corporate strategy and introduced itself as a tourism and shipping company. Preussag AG sold off many of its industrial assets to beneficially purchase several travel and transportation firms. The structure of the group Preussag was renamed to Hapag Touristik Union (HTU) which in the year 2000 was transformed into TUI Group. Today TUI is the largest and leading tourism and shipping organization of the world, operationally active mainly in Central, Northern and Western Europe while it also has networks across Europe. The inventory of TUI is decorated with hotels, restaurants, retail stores, container ships, travel agencies and airlines. TUI AG Airline, having 7 common brand TUIfly airlines, is the largest holiday fleet in Europe. TUI is also the largest shipping company of the world. The company is strongly adhering to persevere with its position as world’s No. 1 tourism organization in all aspects along with a customer oriented vision. TUI as well as its affiliates like Thompson Travels, Portland Direct, Lunn Poly, and Skydeals are accredited as most trusted and professional organizations throughout the Europe. The company approximately consists of: At present, TUI has 43.3% shares in Hapag-Lloyd AG. During the fiscal year 2008, TUI’s had revenue about â‚ ¬759 million. On 31 December, 2008 the company and had 70,200

Wednesday, October 16, 2019

Economics Assignment Essay Example | Topics and Well Written Essays - 1250 words - 2

Economics Assignment - Essay Example The reasons for the balance of payments deficit are many and varied. However, in simple terms, it can also be said that the people in the country consumes more than what they produce. Some of the areas that the UK has always been traditionally strong in the past no more hold good now. For example, at least until 1980, the UK had a vibrant and competitive manufacturing sector with ever-burgeoning exports across the world. As time passed by, the manufacturing sector began losing its grip on the international markets on cost, innovation and quality aspects. It is a fact that in growing economy, energy needs of the country also keeps on rising and when domestic resources are not sufficient enough to meet those rising energy needs of the country then the country is forced to import the same. It is pertaining to note that before 2004, the UK was exporting oil and gas being an energy surplus country; however, the production of gas and oil went on falling since 2004 onwards. Due to reduced production, not only it lost the status of energy exporting country but also it became a net importer to meet its energy needs. The above mentioned graph shows how production went on falling since its peak in year 2000 with almost steady consumption in all these years. It is obvious that all energy shortfalls should be met with imports. The year-wise energy imports have been presented in the table as per the following. Chakrabortty (2011) argues that the manufacturing sector in the UK has reduced in size significantly. Currently, the manufacturing sector constitutes only 11 percent of the national income employing only 2.5 million people. The de-industrialisaiton has happened because industries have not remained competitive enough and in the era of liberalization much of the industrial activities have moved to the third-world countries such

The case study of Tui Example | Topics and Well Written Essays - 2750 words

The of Tui - Case Study Example The report reveals its marketing strategy and describes how and why TUI has to change its plans and strategy under different changing environments. The study also reveals a general picture of company’s profile, history and achievements in all facets of tourism industry. The research is based on online data, excerpts from interviews and Company’s annual reports from 2004 to 2008. Touristik Union International abbreviated as TUI is a German based company with headquarters in Hanover. By name Preussag AG, the company remained involved in transportation and industrial business for many years. During mid-1990s the company adopted growth corporate strategy and introduced itself as a tourism and shipping company. Preussag AG sold off many of its industrial assets to beneficially purchase several travel and transportation firms. The structure of the group Preussag was renamed to Hapag Touristik Union (HTU) which in the year 2000 was transformed into TUI Group. Today TUI is the largest and leading tourism and shipping organization of the world, operationally active mainly in Central, Northern and Western Europe while it also has networks across Europe. The inventory of TUI is decorated with hotels, restaurants, retail stores, container ships, travel agencies and airlines. TUI AG Airline, having 7 common brand TUIfly airlines, is the largest holiday fleet in Europe. TUI is also the largest shipping company of the world. The company is strongly adhering to persevere with its position as world’s No. 1 tourism organization in all aspects along with a customer oriented vision. TUI as well as its affiliates like Thompson Travels, Portland Direct, Lunn Poly, and Skydeals are accredited as most trusted and professional organizations throughout the Europe. The company approximately consists of: At present, TUI has 43.3% shares in Hapag-Lloyd AG. During the fiscal year 2008, TUI’s had revenue about â‚ ¬759 million. On 31 December, 2008 the company and had 70,200

Tuesday, October 15, 2019

Watersheds from Anacostia River in Washington DC to Chesapeake Bay Essay Example for Free

Watersheds from Anacostia River in Washington DC to Chesapeake Bay Essay Among many watersheds in Maryland District, the following are the noted ones which flow from Anacostia river in Washington DC to the Chesapeake Bay: Anacostia River Watershed, Mattawoman Creek Watershed, Potomac River, Middle Lower Tide Watershed, Piscataway Creek Watershed, Nanjemay Creek Watershed, Gilbert Swamp Watershed, Port Tobaco River Watershed, Zekiah Swamp Watershed, Wicomico River Watershed, Breton Bay Watershed, St. Marys River Watershed Anacostia River Watershed The Anacostia River watershed comprises of the Northease Branch, the Northwest Branch, and the Tidal River and is 176 square miles in area. Also it has 13 sub-watersheds in southeast Washington DC, Montgomery and Prince Georges Counties. The tidal Anacostia River flows 8. 4 miles through Washington, DC to join the Potomac River at Hains Point. The Anacostia Watershed is home to over 800,000 residents of Maryland and Washington, DC. Anacostia River water suffers from Wetland loss, deforestation, and urbanization. About 23 percent of the watershed area is impervious. Urbanization is dense on the east and west banks of the tidal river in Washington, DC, where more than 70 percent of the land is covered by impervious surfaces. Anacostia Watershed Restoration Committee (AWRC) is responsible for the ecological and economic importance of the river. All water runs downhill. Charles County is located in eight different watersheds including Nanjemoy Creek, Gilbert Run Swamp, Mattawoman Creek, Patuxent River, Port Tobacco River, Potomac River, Wicomico River and Zekiah Swamp. Mattawoman Creek Watershed Mattawoman Creek Watershed is a shallow tributary of Lower Potomac located in Prince Georges and Charles Counties. The total non-water area of this watershed is 60,300 acres. The Mattawoman Creek watershed is protected by forested lands. It supports a world class fishing industry. Mattawoman watershed contributes to biodiversity. About 5,900 acres are protected land and park land. A portion of the watershed is listed as impaired for nutrients and sediments. Piscataway Creek Watershed Piscataway Creek is a tidal tributary of the Middle Potomac River. The total non-water area of this watershed is 43, 579 acres. The drainage area is 39. 5 acres. Piscataway creek enters the Potomac river at Fort Washington. Piscataway Creek originates in the west and east of Andrews Air Force Base (AFB) in the vicinity of Camp Springs, Clinton, and Woodyard. On the southwest side of Andrews AFB, two branches join to form Tinkers Creek, a major tributary to Piscataway Creek. Surface water flows into Tinkers Creek, to Piscataway Creek, and eventually to the Potomac River. The watershed can be characterized as residential and forested. The density of population is high in the northern region. The source of potential microbial loading is from failing septic systems. The southern region is much more forested and agricultural than the northern region, with encroachment of rural development. Nanjemay Creek Watershed The Nanjemay Creek Watershed is a Tributary of Lower Potomac River. The total non-water area of this watershed is 46, 603 acres. The Nanjemoy Creek watershed is mostly of forest with 90% forested area within 100 meters of streams. About 10% of land in Charles County is cropland with approximately 2% harvested for corn or sorghum. The extent of potential atrazine exposure to riparian areas of Nanjemoy Creek is minimal. The types of riparian areas in the Nanjemoy Creek watershed are not sensitive to atrazine exposure. Therefore, the potential effects to riparian areas and dwarf wedge mussels are insignificant. Gilbert Swamp Watershed The Gilbert Swamp Watershed is a tributary of Lower Potomac River. The total non-water area of this watershed is 27551 acres. Port Tobacco River Watershed Port Tobacco River is a tributary of Lower Potomac. The total non-water area of this watershed is 28076 acres. The Port Tobacco River is approximately eight and a half miles long, originating from St. Charles City and joins the Potomac River. The river has navigable waters rich in fish and wildlife, and safe to visitors who come for swimming, water sports, hunting and fishing. The river is of historic importance because it provided access and residence to the first Maryland settlers. Port Tobacco River Watershed is home to bald eagles, blue and gray herons, osprey, deer, etc and other wildlife. The Port Tobacco River has excessive nutrients and suspended sediments. The water is murky and sub aquatic vegetation is disappearing. Also the shellfish population is greatly reduced. The ecological problems are serious, however the biological condition of the River is considered much worse. Significant toxic algae blooms and fish kills were observed in 2002 and 2003. It was a potential public health hazard due to the water and sediments of the river and its watershed. Potomac River Middle Lower Tide Watershed The Potomac River estuary extends for 117 miles from its mouth. Lookout on the Maryland side and Smith Point on the Virginia side, to its head-of-tide located approximately 0. 4 miles upstream of Chain Bridge in the District of Columbia. The surface area of all tidal waters, including Potomac River and the tidal Anacostia River, is about 434 mi2. The Lower Tidal watershed is impaired by nutrients, sediments, toxics, bacteria, and it impacts the biological communities. The Potomac River Middle Tidal watershed is impaired by nutrients, sediments, toxics, metals, Copper, and Lead, and it impacts the biological communities. Zekiah Swamp Watershed The Zekiah Swamp watershed is located in the central Maryland region of the Potomac River tidal estuary. The total non-water area of this watershed is 69,770 acres. The watershed drains south from southern Prince George’s County in Zekiah Swamp Run until it discharges into the Wicomico River at Allens Fresh. The Zekiah Swamp is non-tidal except for the southern-most portion of the watershed near the discharge to the tidal Wicomico River. Zekiah Swamp is impaired by nutrients, suspended sediments, copper, lead, selenium, zinc, and it impacts the biological communities. However, the waters of the Zekiah Swamp watershed has no signs of toxic impairments due to the nutrients. Wicomico River Watershed Wicomico River Watershed is a tributary of Lower Potomac. The total non-water land covered within this watershed is 69,770 acres. The Wicomico River watershed in Charles and St. Marys counties drains into the Potomac River and on to the Chesapeake Bay. The Wicomico enjoys good water quality and provides healthy finfish and oyster, and fishery for the local economy. The challenge lies in accommodating growth and change while protecting the traditional lifestyles for the farmers and foresters dependent on the watersheds natural assets. The Wicomico watershed is also home to the Zekiah Swamp, 104 miles of hardwood wetland, viewed as one of the most important ecological areas on the East coast. Breton Bay Watershed Breton Bay watershed is located in Potomac River basin. It has a non-water total area of 34,933 acres. The Breton bay watershed has problems with fecal coliform bacteria, nutrients and sediment. So far no human health issues due to water quality have been reported. Breton Bay watershed is 60% forested, 25% agriculture and 14% developed land. Much of the Breton Bay watershed is covered with intact forest, providing habitat for many forest interior dwelling species. It has sub-watersheds: Dirict Drainage Breton Bay, Lower MeIntosh River, Glebe Run, Headwaters McIntosh Brooks Run and Brunt Mill Creek St. Marys River Watershed Wicomico River Watershed is a tributary of Lower Potomac. The total non-water land covered within this watershed is 45,198 acres. The river is an earth fill embankment 38 feet high and 1670 feet long. The flood discharge facilities for the dam consist of the principal spillway comprised of a drop inlet spillway and two manually operated sluice gates, and a 300-feet wide emergency spillway located adjacent to the right abutment of the dam. Conclusion Water from all the above watersheds like Zekiah Swamp, Mattawoman Creek, Port Tobacco River, Potomac River as well as many others eventually enters into Chesapeake Bay carrying with it whatever it picks up along the way. References Anacostia Watershed Society (1998).Watershed Info. Retrieved April 5, 2009, from http://www. anacostiaws. org/About/watershedinfo. html Maryland Department of Natural Resources (2009). Watershed Profiles. Retrived April 5, 2009 from http://mddnr. chesapeakebay. net/wsprofiles/surf/prof/prof. html United States Environmental Protection Agency (2007, September 20). Decision Rationale Total Maximum Daily Loads of Fecal Bacteria for the Non-Tidal Piscataway Creek Basin in Prince George’s County, Maryland. Retrieved April 5, 2009, from http://www. google. com/search? hl=enq=UNITED+STATES+ENVIRONMENTAL+PROTECTION+AGENCYbtnG=Search

Monday, October 14, 2019

Entrepreneurial Strategies Of Tara Orekelewa Cultural Studies Essay

Entrepreneurial Strategies Of Tara Orekelewa Cultural Studies Essay Tara Fela-Durotoye popularly known as Tara Orekelewa which means beautiful or beauty in her native west-arfican language is the managing director and creative director of HOUSE OF TARA International, a make-up and skincare line targeted at women of color. She is a veteran in the beauty industry and the pioneer of bridal make-up in Nigeria. She launched the first bridal directory in Nigeria (1999), set up the first high standard make-up studio, and the very first make-up school in the country. She was also the first make-up artist to launch a beauty product line. Tara is seen as an inspiration to many young women, as she has empowered quite a number (especially those in tertiary institutions) by making them beauty representatives of her product line, which has helped young ladies improve their entrepreneurial and marketing skills, as well as gain some form of financial independence in a difficult economy. She has also succeeded in training and developing an impressive number of make-u p artists through her make-up school. Tara is an acclaimed winner of international and national awards. Awards such as Entrepreneur of the Year (2006), Pioneer Award for Beauty (2006), Young Person of the year (2007), The Wedding Planner Honorary award for mentoring other make-up artists (2008) and others. BACKGROUND: Tara studied Law at the Lagos state university, Nigeria from the year 1996 to 2000. She attended Charles Fox (Covent Garden,London) to get trainned and certified, and in a bid to get more professional, attended the LEAP African Business Managers Forum (2005) and the Lagos Business School Ownner-Manager Programme in 2006 (House of Tara 2009). Taras involvement with beauty and make-up was highly influenced by her step mother whom she was very fond of as a child. Her step mother according to her, was very much in touch with femininity and could be described as vain. This made her very aware of make-up and beauty products at an early stage in life and sub conciously,formed a mini-foundation on what later on became her passion. Her journey started as far back as when she graduated from high school and was seeking admission into university. While waiting at home to get into university, she got a part-time job working in a perfume and cosmetics store. That was her very first step into the world of beauty and its allure. While working at the store, she had the opportunity to prcatise on customers and herself while idle (on a slow day when not many customers came in) and slowly, she began to educate herself on the power of make-up under the mentorship of her boss. By the time she got admission into university, she was no longer a n amateur. The time spent in the perfume and cosmetics store had been well invested and she had now learned through practise how to apply make up. She had developed a flair for it and I quote what she said you see, I loved it! I loved to make people beautiful and I was passionate about making people love the way they looked albeit enhanced by make-up, but the way they looked nontheless(Durotoye 2010) While at school, she practised frequently on her friends whenever they were invited for ocassions and started her business. Through this, she began to make some money for herself. She was actually able to pay her way through school, rent an apartment and even help with her sick fathers medical bills. At that point in her life, her father had suffered a stroke,leaving half of his body paralyzed. Her mother, though she was working with the Nigerian Civil Service at the time, had to take care of her father, giving up all businesses on the side. So obviously, her mother already had enough on her hands, so she did her best not to be a liability and instead was an asset to to her family through her gifted hands and her passion for make-up. Another highly influential force in her life was her husband, Fela Durotoye. When Tara met Fela, he was a consultant at Phillips Consulting with a solid business management background. He saw the potential in her and helped her build her small business (as of then) into something remarkable. He thought her basic things such as customer service, product management, and how to create a database for her customers. She undoubtedly had the talent, skills, and a growing customer base, but he brought some form of finesse and experience into her business which helped her succeed even more. She started out small, but her name spread from place to place little by little around the country. She took a leap of faith even when the concept of bridal make-up was very limited in Nigeria, made herself a name, set-up a make-up studio, started a beauty school; which is where the idea of beauty representatives to sell her products originated from and now has her very own product line. She launched her perfume called be inspired in the year 2007 and is currently writing a book on how she turned her passion into a profit making venture. Tara and Fela are currently happily married and blessed with three children. Resources Leader Opportunity Process TeamTHE ROADMAP: The Leader/ Founder: According to Burns(2007), the role of a successful entrepreneurial leader involves patience, the ability to infuse solid or tangible visions and management for the long haul. Tara Fela-Durotoye is the founder of House of Tara international. She is highly respected by most of her staff and even colleagues in the make-up industry in Nigeria. Taras personality, like most entrpreneurs is very positve and optimistic. She has a firm believe in God and built her business in the most ethical way possible, emulating one of her mentors Anita Roddick (the founder of Body Shop). Opportunity: Accoding to Burns (2007), entrepreneurs in contrast to regular people, adapt,exploit, and welcome change by creating an opportunity out of it through innovation. In the case of Tara Fela-Durotoye, she welcomed the change to the make-up enviroment at the perfume store where she had her first job, by using it to build on an innate skill. As at that time, most customers were not really familiar with the make-up facial sample testing, but because the owner of the store had lived abroad, she brought the mentality home to Nigeria with her, which was a new approach to selling make-up back then. This provided the opprotunity to learn and led to a series of events that occurred through innovative ideas (opening a bridal make-up studio, make up school and having a cusmetic product line). Other business opportunities she had where: Her spouse, who was her business consultant A chinese business partner who came into the picture when she decided to launch her cosmetic product line. Employment of a general manager, who was an MBA graduate of Lagos Business School, who helped build the franchise document and implemented it. This enabled her to sell the HOUSE OF TARAÂ   franchise, thus, accelerating geographic expansion Team: According to Lockett (2010), it is an illusion to assume that entrepreneurs are totally independent. The most successful entrepreneurial leaders are those who have built good teams and have good relationships with the individuals that surround them. Taras team consists of a general manager,a business consultant, a chinese business partner, an administrative team, a sales and marketing team, and about 300 beauty representatives who are marketing her cosmetic products. Process: According to Baron and Shane(2005), entrepreneurship is descibed as a process rather than a single event. The process is considered to move through distinct but holistic phases that unfold over time. This process consists of idea generation, opportunity recognition, and the exploitation of that opportunity (Lockett 2010). These series of events would be shown in the diagram below: The entrepreneurial process The birth of the idea of the make-up business from the time spent and skills acquired from her fist job at the perfume and cosmetic store. She then realized her potential through the process of sample testing on customers. Idea Generation The opportunity to turn her hubby into a profit making venture presented itself when the change in the area of purchasing cosmetics (sample testing) was tapped into as a business idea to be learnt from and exploited even after leaving the store. Opportunity Recognition From exploitation of change to a ripple of ideas and opportunities Exploitation Expressed as a business model Source: Lockett 2010 OPPORTUNITY BUSINESS MODEL Source: Lockett 2010 Proposition To enrich the lives of young women by offering them quality products to enhance their beauty and self esteem. These beauty products that can also be used as a tool for becoming financially independent. People The leader is Tara Fela-Durotoye, her husband Fela Durotoye is her business consultant, she has a Chinese business partner for ease with product development and expansion and her team consists of a general manager, an administrative team, marketing and sales team, and beauty representatives. Her customers are women of color, and her supplier is also her Chinese business partner. Place For now Taras business is still based in Nigeria though she has plans of expansion. Are customers are women in Nigeria, her and her competitors are other make-up artists such as unveil, divine looks, BM Pro, and so on. Analysis of the market: Tara was a pioneer in the make-up industry in Nigeria. She was the first to set up a bridal studio, make-up school, and make-up product line. This has made it quite difficult for her competitors to catch up, her market share is quite large and she also has first mover advantage. Process House of Tara has an MD/ CEO, a general manager and the rest of her team (as mentioned earlier). But the uniqueness of the structure of this organization is the beauty representatives idea. About 300 of them are currently marketing her products after they have been trained. Profit As an entrepreneur, Tara started her business because she had a passion for beauty and of course made profit from it. She believes in giving back to the community, and inspiring others. Social return: Tara, through her giving back venture, has gained the heart of youths, which has helped in expansion of her brand name across most universities in Nigeria. She has also made an irrefutable impact on the press, which has made her become a media darling. Societal The only societal driver in this case was the change in the make-up sales procedure. The society as at the time Tara began her entrepreneurial journey had not keyed into the idea of sampling before buying. After the society recognized this new process and accepted it, her business idea benefited from this social change(though it was not of her making) through her bridal studio as people now saw the need to test and sample make up, especially for very important occasions such as weddings. Commercial Information for this was not attainable Legal Information for this was not attainable Technological Online social networking was a great opportunity for Taras business venture, she possesses an active website, has a face book group, and a personal blog. Resources: According to Hitt et al (2002), in order to recognize entrepreneurial opportunities with maximum potential returns and exploit them by using efficient approaches, an appropriate set of resources are required. Taras resources into her new business venture were very limited. She did not have any financial back up from her parents, but because she had started at an early stage she had a little financial back up but along the line she became partner with a Chinese business man who helped her fulfill the dream of having her own make-up line. She also had financial aid from multinational companies. However it is easier to narrate now than it actually was back then, she said, and I quote this business started from a box that I used to carry around making up peoples faces. What could be deduced from all that has been stated above is that there is a link between each constituent of the road map. The founder of the business has an idea or dream, identifies an opportunity, exploits it, and creates a new venture from all this. And because entrepreneurs are not completely independent (Lockett 2010), they need a team to carry along to help fulfill the dream. That is where the team members come in, and here, the leadership skills also come into play. The resources help solidify the dream and the process wraps the journey all up. Role of Social Networking and Social Capital: According to Hitt et al (2002), formation of alliances and networks has become an important part of organizing to obtain the necessary resources and means to compete effectively in a business environment. Other than this, the formation of these alliances helps in the development of resources and means that are not easily imitated by others, which would lead to gaining competitive advantage. Tara started her business through word of the mouth. Social networking has been a huge part of her success. Most of her contacts were gotten from one individual who knew another who could be of value to her. For example her second bridal make-up job when she first started out, her Chinese business partner, the employment of her general manager( by recommendation), and even her image. She built her image by granting multiple interviews, creating an online presence through face book, personal blog and the creation of an active website, offered free scholarships for enrollment at her make-up school for the less privileged, became a public speaker by organizing youth seminars in universities, so as to put her company in the minds of people (branding) and sponsored events regularly. Her networking skills helped build her image and this resulted in making her darling with the press, which further promoted her products. She also uses her network for the patronage of her products within the upper and middle class women within the community. Her mentor Mrs Ibukun Awosika was her link to bridging talks between the company and the bank for her first substantial debt into the business that was required for expanding her product line. This influx of debt from Guaranty Trust Bank (Lagos, Nigeria) aided the rapid geographical expansion of House of Tara. Women in Business and Management (WIMBIZ) also created a platform for her participation in the US State department / Fortunes powerful womens mentoring programme. Ethical issues: Tara is a very good Christian and believes very strongly in God. Auditors when examined her accounts often advise her to stop giving away so much money to churches; they felt too much money was being wasted. But she stood her grounds and insisted that God was her ultimate source. Entrepreneurial Attribute Analysis: Taras entrepreneurial attributes would be compared with the core attributes in the model below: Source: Lockett 2010 Commitment and determination: Following her story, one could easily see that she had these qualities. Leadership: Her story is that of success, she wouldnt have made it that far if she didnt possess good leadership skills. Moreover, she has the respect and admiration of her staff and even her competitors. Opportunity Obsession: Tara could be seen as an opportunist. She was the first in every move, first make-up artist, first studio owner, and the first product line owner in the Nigerian beauty industry. Tolerance of risk: All her steps into new ventures and ideas where risky. She had no ones mistakes to learn from in the industry. Ambiguity and Uncertainty: She possessed these as well; no one could anticipate her next move. Creativity, Self-Reliance, and Adaptability: Tara was creative, hence the idea generation for business. She also had no one but herself to rely on at the initial start of the business and lastly, she adapted excellently to changes in the business environment, she created opportunities out of them. Motivation to excel: Her motivation was herself, her mentors and God. Courage: She possessed huge amounts of courage; she ventured into her business all by herself with no examples to follow in her particular industry. Conclusion: Tara Fela-Durotoyes entrepreneurial road map and process from the very first step of idea generation to building a national brand soon to be international brand-name has been a success. The critical review of her journey as an entrepreneur has been contrasted with theoretical frame-works, and has not shown much of a difference. The only difference noticeable is the fact that the entrepreneurial process may not evolve step by step as seen in Taras case. She had the opportunity to work at a cosmetics store before she ever had the idea of becoming a make-up artist, opening her own studio and becoming a veteran in Nigerias cosmetic industry. In her own case, opportunity brought about idea.

Sunday, October 13, 2019

Power for Women in Alcestis and Hippolytus Essay -- Greece Greek Play

Is it feasible that through the loss of one’s life and being, one would be able to gain influence and power? Does this fatal gain of power show a previous lack of it? Does forgoing one’s life for an honorable cause improve a woman’s reputation in turn giving her more power? Through our studies, we have discovered that typically women exhibit a limited amount of agency in ancient Greece. Women occasionally assert dominance in the household; although, even within the home they posses limited influence over their husbands. An interesting theme runs though Euripides theatrical tragedies Alcestis and Hippolytus. In each play the lead female character forgoes her life for the sake of love. In Alcestis, Alcestis willingly gives her life to prevent her husband Admentus' death. In Hipplytus, Phaedra chooses to commits suicide as a result of falling in love with her husband’s son and refusing to be deceitful to her husband. Consequently, is self -professed death a venue for the women to assert authority and gain status and agency? How do their reputations and the reputations of their households affect this increase of power? In ancient Greece, women, through sacrifice of their lives, uphold and improve their reputation through which they increase their influence and power in society, yet although they are praised by society because of these valiant deeds, they are unable to actively reap the benefits of this powerful reputation. Numerous sources including Euripides’ tragedies show that reputations are held with the highest regard in ancient Greece. It is through people's perceptions that one is judged; therefore, reputation should be upheld at the greatest of costs. Laws of Greek society allow for a ma... ... Phaedra preserves her reputation and altered her husband’s behavior through her suicide. Yet, there was a trade off: each woman acquired a greater amount of power, yet lost her life in the process. However, because Greek society praised honorable death, this was an appropriate societal action and a proper way for the women to acquire power. Women did assert power in choosing to take their own lives and improve their reputations. Small summary: Greek tragedies show that women, through sacrifice of their lives, uphold and improve their reputation through which they increase their influence and power in society. Yet, there was a trade off: each woman acquired a greater amount of power, yet lost her life in the process. However, because Greek society praised honorable death, this was an appropriate societal action and a proper way that women acquired power.