A Research Project On Huntington s Disease - 1675 Words

Table of Contents Introduction Methodology (How the research of the project was carried) What is Huntington’s disease? 1. Signs and symptoms 2. Causes 3. Treatment Huntington’s Association of South Africa Literary Review Conclusion Bibliography Appendix 1. Plagiarism check 2. Articles 3. Questionnaires Introduction According to the University of Utah a genetic disorder is described as a disease that is caused by an abnormality in an individual’s DNA. This means that there is a mutation present in the gene. It could be an elimination mutation, addition mutation or even a change in an entire chromosome. In the Life Science class we were given a research project about genetic diseases which we were to carry out. I chose Huntington’s disease particularly because I had never heard of it and I found it highly beneficial to learn more about it. In this research project I have clearly outlined how I have carried out the entire project, I have provided information about Huntington’s disease, I have included literary reviews on the articles I read, and I have also provided information about the Huntington’s Association of South Africa (HASA). Methodology In order to be able to accomplish this research project I needed to gather information about my chosen genetic disorder (Huntington’s disease). I formulated literary reviews to verify the reliability of the sources that I had. I opted to find information from the internet instead of going to the libraryShow MoreRelatedGenetic Testing And Mental Health Disorders1039 Words   |  5 PagesHuntington’s disease through human genome and family research. Diagnostic and presymptomatic testing is available by discovering a gene mutation for Huntington Disease (HD) and prepares persons who are at risk for Huntington Disease (HD) to ask for genetic testing. A multi-visit protocol is enacted when HD genetic testing is offered through HD testing centers, followed by education and counseling for those requesting to have HD gene testing. I will use this paper to define Huntington’s disease, choreaRead MoreSymptoms And Treatment Of Huntington s Disease2653 Words   |  11 Pag esHuntington’s disease INTRODUCTION AIM The aim of this project is to discuss the various components that shape Huntington’s disease. The efficiency of this paper will depend heavily on a brief but, comprehensive examination of past and future research that may offer plausible suggestions and explanations to the following four subtopics; the history of Huntington’s disease, anticipation and genetic markers of Huntington’s disease, symptoms and treatment of Huntington’s disease and finally livingRead MoreThe Human Genome Project?1023 Words   |  5 Pages The Human Genome Project Today we are learning the language in which God created life . . . humankind is on the verge of gaining immense new power to heal. Genome science will have a real impact on all our lives, and even more on the lives of our children. It will revolutionise the diagnosis, prevention, and treatment of most, if not all, human diseases. - Bill Clinton, June 2002. The Human Genome Project came into existence in the late 1980 s as scientist from around theRead MoreThe Human Genome Project Is A Scientific Program1357 Words   |  6 PagesThe Human Genome Project was a scientific program aimed at getting to know all of the complementary sequence of base pairs that make up the human genome, containing approximately 30 thousand genes. The project began in 1990 and was originally planned to last 15 years, but rapid technology advances accelerated the completion date to 2003. (WJEC A2 Biology, 2012) says main aims of the project were to: †¢ Identify all the approximately 20,000-25,000 genes in human DNA. †¢ Determine the sequences of theRead MoreReflection On My Genius Hour Project1212 Words   |  5 PagesGreetings and welcome to my Genius hour project! This is a project I have chosen because I am a very intuitive person, and with an abstract object such as the brain to study, I feel inspired to learn more and investigate the brain’s actions, jobs, abilities, and the overall science behind it. The human brain shapes the way we perceive and think about our everyday lives based on the experiences we gather and live through. My genius hour project is about where the best learning happens. For my geniusRead MoreThe And Preservation Of Memory2665 Words   |  11 PagesThe impetus of this project came from the need that the three most common forms of degenerative conditions often suffer from a lack of centralized care. Often when a patient becomes diagnosed they are sent to a hospital campus, or multiple locations, in order to receive treatment. With these various outlet for treatment no one space can answer the design needs of this unique patient group. Each group has its own design challenges, however they do share many common threads that can be addressed withRead MoreThe Biotechnology And Pharmaceutical Industry Essay953 Words   |  4 PagesKOREA (2002) Bachelor of Arts in Genetic Engineering – CHONNAM NATIONAL UNIVERSITY ï‚ § GWANGJU, KOREA (1999) RESEARCH EXPERIENCE HARVARD MEDICAL SCHOOL – BOSTON, MA Research Fellow in Genetics (2007-Present) ï‚ § Participate in extensive research study on molecular mechanisms of aging and neurodegenerative diseases ï‚ § Develop Alzheimer s disease models using CRISPR-mediated genome editing technique in patient-derived induced pluripotent stem cells (iPSCs) ï‚ § Identify andRead MoreThe Nature Nurture Controversy : Biological Or Environmental Effects Of Iq, Personality And Behavioral Differences932 Words   |  4 Pagesotherwise known as the genes, containing the genetic code for each individual born. These genes contribute the physical characteristics, for example: eye color, skin pigmentation, hair texture, blood type, longevity, etc. Genes impose certain diseases, such as Huntington s Chorea, Breast Cancer, Down Syndrome, and many more. Nurture describes an influence on the individual by the surrounding environment. This surrounding environment includes: parenting, culture, learned experiences, nutrition, exposureRead MoreThe Use Of Animal Models And Sirna Technologies On Autosomal Dominantly Inherited Neurodegenerative Disease3557 Words   |  15 Pagesinherited neurodegenerative disease Dr P Martin Biomedical Science Abstract: The treatment of dominantly inherited neurodegenerative disease has been not feasible until recent discovers of gene therapy. Discovers such as short interfering RNA (siRNA) which cause gene silencing due to the molecule forming a complex with messenger RNA (mRNA), resulting in the degradation of mRNA through pathways in the cell. The siRNA properties shows the potential in the treatment of such diseases. However the advancementsRead MoreThe Use Of Crispr / Cas9 Technologies1518 Words   |  7 PagesCurrent Research Since the implications of CRISPR/Cas9 technologies were discovered, research has mostly gone in two different directions. Bioengineers and pathologists are starting to experiment with using CRISPR as treatments to hereditary diseases with the hope that someday, they could cure certain genetic diseases. Another application currently being experimented with is using CRISPR to genetically modify organisms for various purposes. Applications for Medical Treatment and Research Currently

William Shakespeare s Macbeth And Lady Macbeth - 965 Words

Kurtis Brown Due Date: 11-30-15 Mrs. Dranoff 2nd Per. An individual subconscious could be influenced directly by their desires, goals, and ambitions. The human brain is powerful, yet so deceiving: a person could be influenced unconsciously to perform morally wrong actions that lead to his or her downfall. The characters Macbeth and Lady Macbeth from the tragic book â€Å"Macbeth† demonstrates how influential the subconscious could be. â€Å"The Monster† that is depicted in Eminem song illuminates both Macbeth and Lady Macbeth’s subconscious. The first chorus of â€Å"The Monster† by Eminem, resembles Macbeth’s subconscious, â€Å"I’m friends with the monster†¦ Get along with the voices inside of my head.† Lady Macbeth’s voices are inside Macbeth’s head and they’re beginning to influence Macbeth’s actions. This is shown when Lady Macbeth realizes that she has the ability to be manipulative. In Act 1, Scene 5 she mentioned,†Glamis thou art, and Cawdor , and shalt be What thou art promised. Yet do I fear thy nature; It is too full o’th’ milk of human kindness To catch the nearest way. Thou wouldst be great, Art not without ambition, but without The illness should attend it†, her remarks shows her belief that having manhood is defined by murder. During Act 1, Scene 7, the murder scene, Lady Macbeth was able to successfully persuade Macbeth to murder Duncan by insulting his manhood, â€Å"Are thou afeard To be the same in thine own act and valor As thou art in desire?† Now since heShow MoreRelatedWilliam Shakespeare s Macbeth And Lady Macbeth Essay1619 Words   |  7 PagesFew couples in theatre can match the incessantly devoted yet poisonous marriage Macbeth and his wife share. Lady Macbeth and Macbeth’s combined ruthlessness allows them to climb to the top but also leads them to their deaths. Shakespeare creates a vision of Scotland where reality and dreams, the natural and supernatural, and the masculine and feminine constantly ebb into each other. Macbeth possesses remnants of the Renaissance’s interest in humanism and psychological exploration, leading to someRead MoreLady Macbeth: A Disturbed Character in William Shakespeare ´s Macbeth1467 Words   |  6 PagesThrough Lady Macbeths opening soliloquy in Act 1 Scene 5 she spontaneously gets portrayed as a disturbed character due to her treacherous and murderous planning she establishes after receiving the letter from Macbeth. This is noticeable when she says â€Å"the raven himself is hoarse that croaks the fatal entrances of Duncan under my battements† this signify that Lady Macbeth is steadfast to kill Duncan as she is aware that there is no other appropriate place to end Duncan then her own castle as no oneRead MoreThe Fall Of A King893 Words   |  4 PagesThe Fall of a King (An Analysis of why Macbeth became Mad and Corrupt) In life there are many things that influence the lives of people on a day to day basis. This can be anything from a small incident that happens on the daily.Or one rather large incident that has an enormous impact on them and influenced them to make further irrational decisions. It also doesn’t have to be a large event, but a sequence of events done by them, but influenced by others words and judgement. An excellent exampleRead More The Cause of Macbeths Destruction in William Shakespeares Macbeth1062 Words   |  5 PagesDestruction in William Shakespeares Macbeth      Ã‚   In William Shakespeares Macbeth, Macbeth was a well-respected man of noble birth, but his fortune was reversed after he turned to darkness. He plummeted endlessly into a chasm of evil until his corrupt life was ended on the edge of Macduffs blade. Whose actions opened up the path of darkness to Macbeth? Whose actions led to Macbeths demise? The answer is threefold. The weird sisters set Macbeths fate into motion. Lady Macbeth goaded herRead MorePortrayal Of Women During The Elizabethan Period1656 Words   |  7 Pagescharacters in Macbeth by William Shakespeare, the Elizabethan period had a lack of respect for women, but Shakespeare changed it by having powerful, strong and independent female characters, like Lady Macbeth. Throughout history, women have not had the same amount of right and respect as the men. â€Å"Women were regarded as ‘the weaker sex’, not just in terms of physical strength, but emotionally too† (Sharnette). According to Shakespeare’s World/Stage, â€Å"During the time of William Shakespeare, the majorityRead MoreThe Tragic Hero Of Macbeth By William Shakespeare1724 Words   |  7 Pages His definition of tragedy applies to William Shakespeare s play Macbeth. The play is about a hero who reaches a high position in the play and then falls because of his choices. Macbeth is a tragic hero according to Aristotle s aspects that make a tragedy. Macbeth is neither a villain nor a perfect character, he appears in the play in a high stature, he starts to make multiple mistakes and due to his actions, he causes his downfall. First of all, Macbeth is neither a villain nor a perfect heroRead MoreAnalysis Of Wuthering Heights 1398 Words   |  6 PagesIn the play Macbeth written by William Shakespeare, Lady Macbeth is the most famous woman character. She is stronger, more ambitious and ruthless than her husband. Lady Macbeth pushed her husband , Macbeth to betray and kill King Duncan of Scotland. The theme of destructive love within relationships in Shakespeare’s Macbeth and Bronte’ s Wuthering Heights is presented through sexism, jealousy , and betrayal. Sexism is portrayed in many ways in the novel wuthering Heights. Catherine s character canRead MoreWho Should You Trust?1543 Words   |  7 PagesTrust Issue in Macbeth â€Å"Fair is foul, and foul is fair. Hover through the fog and filthy air.† (Page 323). This line is one of the most important ones from Macbeth. Macbeth is one the most popular plays by William Shakespeare. Moss and Wilson state, â€Å"Some details of William Shakespeare s life are still shrouded in uncertainty. What is known is that he rose to prominence as a playwright in London toward the end of the sixteenth century and that he died on April 23, 1616. He wrote Macbeth sometime betweenRead MoreWilliam Shakespeare s Macbeth 1363 Words   |  6 PagesMacbeth is without a doubt one of the most captivating plays, in my opinion written by William Shakespeare. Throughout this play there is definitely a numerous amount of things that can catch your attention, whether it is a trio of witches appearing, committing murder, or keeping secrets. However, what really catches my attention is the way Shakespeare uses language and unique style to create a distinct mood, and reveal char acters’ inner thoughts. In the play Macbeth written by William ShakespeareRead MoreLady Macbeth By William Shakespeare1520 Words   |  7 PagesLady Macbeth was not evil she was misunderstood Claim thou art, and Cawdor and shalt be what thou art promised. (Quote) In many of his plays, William Shakespeare portrays women as more virtuous than men. Lady Macbeth, strong ambitious women who’s confidence, faithful and capable of almost anything. For example, in endless love, we notice the endless love they both share for each other, where fate still brought them back together even after all the influences affecting jade’s life, the overpowering

Financial Management

Question: 1 Management of a Company could use sensitivity and Scenario in theair corporate decision Makings. A.Sensitivity Analysis B.Sccenario Anaslysis 2.Explain and identify similarities and differences between the following two models. A.Capital Asset Pricing Model. B.Capital market LIne . Answer : 1.Sensitivity Analysis A sensitivity analysis may be explained as an approach which helps to determine how the values of an independent variable affect another dependent variable in situations with a different set of assumptions. The scope of use of these techniques is limited, for example, the effect of a change in interest rates on the bond prices. This analysis more commonly referred to as what-if analysis or also simulation analysis (Arnold, 2010). It helps to analyze how a decision can affect a certain range of variables. Also, using the same set of variables the analyst can determine the effect of a change in one variable on the other. Example on Sensitivity Analysis Let us assume Mr. X to be a sales manager who wants to understand the effect of more customers on sales. Based on the study he understands that sales are a function of transaction volume and price of the goods. The price of a good being $1000 per piece, X sold a total of 100 pieces last year, earning a total revenue of $100000. X studies the behavior of a number of customers sales and finds out that 10 percent increase in customer base would increase the sale by 5%. This data helps him to builds a financial equation and sensitivity analysis which are dependent on what-if situations. Now, based on sales of the current year and estimates of what might be the increase in customer base, X can find out the sensitivity analysis of the given situation (Brigham Ehrhardt, 2011). Therefore, in the given case we see that sales are highly sensitive to any changes in customer base. Sensitivity analysis and Capital Budgeting Sensitivity analysis helps a person understand the effect on the project or a particular variable if the estimates turn out to be true or false. This analysis helps to measure the effect or impact of the change in the estimates on the finances or the variable. This helps the project managers or financiers understand the reasons for a particular event not generating expected results, which will help them further, analyze the decision of making an investment (Vaitilingam, 2010). In capital budgeting, sensitivity analysis finds out the changes in one assumption or an estimate on an entire project. Lets just take an example, a business is expected to generate $ 500 in year one, two and three, so the investor invests $ 1500 in the beginning of the year 1. But the change in estimates after year one show that the business would generate $ 1000 in year two and three. This would break even the investments in year two itself (Guerard, 2013). Therefore, sensitivity analysis helps understand the effect in a better way. Scenario Analysis Scenario analysis is a tool which helps analyze the uncertainty today by taking into account alternative possible outcomes. It should not be considered as a predictive mechanism it is just an analytical tool. There is an analyst who uses mainly three different scenarios for possible outcomes, the base case, best case and the worst case. The base case is the one with most the highest probability (Brigham Ehrhardt, 2011). The best case is the one where it is assumed all things go right, and the worst case is the one with all the assumptions failing. So, the analyst will now take steps to cover the present risks which may lead to worst case scenarios. It does not provide exact situations, just the mere idea of a scenario. Example on Scenario Analysis For example, a project analyst may use scenario analysis in order to determine the net present value of a project under high, moderate and low inflation scenarios. Let us take another example to make scenario analysis clearer. A financial institution may forecast the possible scenarios of the economy, and further, it may try to analyze the scenario financial markets in that various forecast of the economy. The institution may also take into consideration, further scenarios. The result of all these scenarios will help the institution allocate its resources in the most efficient manner (Brigham Ehrhardt, 2011). Scenario Analysis and Capital Budgeting We are often unsure about the variables and assumptions we make in capital budgeting, in order to remove this uncertainty in decision making we extend the sensitivity analysis to scenario analysis. The decision of what assumption to change and how much to change totally depends on the situation. One method of scenario analysis in capital budgeting are using the ends in extreme scenarios (Damodaran, 2012). As discussed earlier the best and the worst case scenarios are compared with the base case in order to take preventive steps or steps which will lead to positive results. In case the actual results of a project are highly adverse, then taking this type of scenario analysis will help the investors take steps in order to avoid the situations which will lead to these adverse situations. Sensitivity vs. Scenario Analysis Both techniques of analysis, sensitivity and scenario can be useful while determining the best possible investment plan. But they both are not the same. A scenario analysis may involve the use of sensitivity analysis but it is not necessary that sensitivity analysis will use the scenario analysis. The sensitivity analysis will help the investor understand various uncertainties involved with the proposed investment project. Whereas the scenario analysis will help analyze various uncertainties and the way they would affect the investment or the outcome of a project. In a sensitivity analysis, the various assumptions are tested whereas in scenario analysis various outcomes are tested. Though both the techniques are very different altogether, they go hand in hand in many circumstances. Use of both the techniques is very relevant in capital budgeting decision making. Therefore to conclude we can say that both the sensitivity and scenario analysis are important tools in making decisions in capital budgeting (Kandel Stambaugh, 1995). 2.Capital Asset pricing model The capital asset pricing model is a model that helps in knowing about the investments fair value. When the asset return rate is calculated, the rate is used in discounting the cash flow of the future of an investment that pertains to the present value, hence moving to the fair value of the investment. The main role of CAPM pertains to two main factors that are providing a return rate that functions as a reference for evaluation of the investment and then enabling in projecting the expected return that needs to be traded. Hence, we can differentiate the investments fair value with the market value and undertake decisions accordingly. This model projects the idea that securities are priced in a manner so that the returns that are expected will repay the investors for the expected ones (Choi Meek, 2011). The CAPM model holds the notion that the investors are required to be compensated in two main ways that are the time value and the risk. The time value is denoted by rf that repays th e investors for investing while the risk-free rate is the government bonds such as U.S Treasuries. Using the model of CAPM, the computation of the expected return for a particular stock can be done. Expected return (ef) = Risk free rate + Beta*(Risk premium) Capital Market Line The capital market line is described as a graph that is derived from the capital asset pricing model (CAPM). The CML is utilized to arrive at the return rate from the specific portfolio. The rate of return arriving from CML varies as per the risk-free rate of return and the risk level as determined by beta for a specific portfolio. The CML is ascertained by stretching a line of a tangent from the point on efficient frontier to the point where the risk-free rate and expected return are equal in nature (Bodie et. al, 2014). Further, it needs to be noted that the CML hold true for a portfolio that is efficient in nature and projects the behavior of the investor that pertains to the portfolio of the market and own portfolios. Similarity between CML CAPM The main similarity that can be witnessed in CAPM and CML is that CML is derived from CAPM. CAPM can be established when the CML is included. When it comes to the method of risk adjustment of an asset by using the risk-free rate then the investor can easily influence the profile of risk (Damodaran, 2010). Keeping into consideration the CML, the portfolio of the market is composed of the combined power of the assets that are risky utilizing the assets market value to ascertain the weights. The CML is extracted from the CAPM and is used to compute the rate of return that is expected. The CML is stronger than the efficient frontier and considers the concept of a risk-free asset in the portfolio. The CAPM projects that the portfolio of the market is the efficient frontier (Brigham Daves, 2012). Therefore, CML is a component of the CAPM and is a line used to signify the rate of return for efficient portfolio dwelling on the risk-free rate and the risk level. Therefore, the properties of CAPM are embedded in CML and hence the properties of the CAPM are present in it (Ferris et. al, 2010) Ferris et. al, 2010 Capm vs. Cml The CAPM provides the notion that securities can be priced so that the expected return will support the investors for the risks that are expected. CML can be stated as the major factor and an element for deriving the CAPM. CAPM is a model while CML is one of the forms of CAPM. CAPM can be termed as the best method to ascertain the investors return where the compensation will be done for the systematic risk because diversification cannot be done. However, the return can be expected from the investment as per the risk involved (Kan Zhang, 1999). When it comes to a potential return, it is required to undertake risk that is more systematic. When the stock holding capacity is more, the business cycle comes to the forefront and therefore the return is derived on an average basis (Berk et. al, 2015). The CML consider the addition of asset that is risk-free and due to this it is regarded as a higher than efficient frontier. Every portfolio has a similar Sharpe ratio as compared to the portfolio of the market. In the case of buying or investing, it is important that the Sharpe and CML need to be ascertained of the portfolio (Da et. al, 2012). Therefore, both the models are equally important and it is important to understand that both the models have more similarity in nature and is used to ascertain the risk profile. Going by the entire discussion it can be said that the models are complementary to each other and can be used in conjunction with each other Conclusion An overall analysis of the report provides strong evidence that CAPM and CML plays an important role in determining the expected return. Both are complementary in nature and hence, hold strong similarities. Overall, it can be said that the concepts hold utmost importance. It is clear that if the expected return cannot beat the required rate of return then the investment must be ignored. Further, the above report also shed light on sensitivity and scenario analysis that are a powerful tool when it comes to capital budgeting. If used properly these analysis tools can help the investors determine uncertainties and take steps in order to eliminate them and have the most positive results from these outcomes. References Arnold, G 2010, The Financial Times Guide to Investing, Prentice Hall. Berk, J., DeMarzo, P. Stangeland, D 2015, Corporate Finance, Canadian Toronto: Pearson Canada. Bodie, Z., Kane, A. Marcus, A. J 2014, Investments, McGraw Hill Brigham, E. Daves, P 2012, Intermediate Financial Management , USA: Cengage Brigham, E.F. Ehrhardt, M.C 2011, Financial Management: Theory and Practice, USA: Cengage Learning. Choi, R.D. Meek, G.K 2011, International accounting. Pearson Press . Da, Z., Guo, R.J. Jagannathan, R 2012, CAPM for estimating the cost of equity capital: Interpreting the empirical evidence, Journal of Financial Economics vol. 103, pp. 204220 Damodaran, A 2010, Applied Corporate Finance: A Users Manual, New York: John Wiley Sons Damodaran, A 2012, Investment Valuation, New York: John Wiley Sons. Ferris, S.P., Noronha, G. Unlu, E 2010, The more, merrier: an international analysis of the frequency of dividend payment, Journal of Business Finance and Accounting, vol. 37, no. 1, pp. 14870. Guerard, J. 2013,Introduction to financial forecasting in investment analysis, New York, NY: Springer. Kan, R. Zhang, C 1999, Two-pass tests of asset pricing models with useless factors, Journal of Finance, vol. 54, pp. 203-235. Kandel, S. Stambaugh, R.F 1995, Portfolio inefficiency and the cross-section of expected returns, Journal of Finance, vol. 50, pp. 157-184. Vaitilingam, R 2010, The Financial Times Guide to Using the Financial Pages, London: FT Prentice Hall. Financial Management Question: Write a report on the nooks and corners of financial management and financial engineering. Answer: The entire report has shed light on the nooks and corners of financial management and financial engineering. Main objectives of this report was to explore the pricing strategy of covered warrants as well as to determine the how warrants can be used for the purpose if raising funds. Empirical evidences have also been provided in support of these facts in order to prove the plausibility of these findings. Now to do this systematically, the report has been divided into five chapters namely, introduction, pricing models, empirical study and conclusion. In the first chapter, the topic is briefly introduced along with the key concepts that are necessary to understand the entire study has been elaborately discussed. In the second chapter, the Pricing model has been described. Black Scholes Model is the basic building block of the entire report; therefore, this model has also been described with the background in chapter 2. Further the concept of binomial and trinomial model and their applic ation associated with the usefulness of these models with the study has been described in this chapter. In chapter 3, methodology and the process of data collection have been described. Therefore, chapter 3 focuses on the empirical evidences that are collected and provided in support of the findings obtained in the previous chapter. In the next chapter the concepts of warrants and fund raising have been described along with the role of warrants in raising funds. Finally, in chapter 5, conclusion to the study has been provided alongside plausible recommendations.

Symbolism In The Pearl Essay Research Paper free essay sample

Symbolism In The Pearl Essay, Research Paper Symbolism in The Pearl by John Steinbeck Novels were created to demo a really naif position in great deepness. The Pearl is a novel in its most complete signifier. Steinbeck does this by conveying life symbolically. Through symbols, John offers the reader a clearer expression at life and it s content. He shows major imagination in four ways: Kino, music, Coyotito, and the Pearl of the World. Kino overall symbolizes clearly good and guiltless. Kino is thought of as a wise, crude adult male who is hungry for luck because of the great pearl, which he discovers and later in the narrative he becomes an angry, scared, but resolute adult male, determined to maintain what he has earned. He is a immature frogman who lives in a little small town on the coastline of Mexico. In the beginning of the narrative he has come to have the Pearl of the World ( a legendary point of considerable wealth. We will write a custom essay sample on Symbolism In The Pearl Essay Research Paper or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page He hoped the pearl would be an chance to acquire the many things he wanted for his household and himself. The music in Kino s caput represents his scruples in the existent universe. It warns him of bad by the Song of Evil, it makes him experience good by the Song of the Family, and the Song of the Pearl reminds him of all the things the pearl brought him. In the terminal, the sarcasm of the narrative is that even a good individual can be lead off class by his feeling of interior duty to supply for his household. Kino s actions are being motivated to raise Coyotito in illustriousness, which eventuall y leads to the decease of Coyotito ( Kino s greatest loss ) . Many desires in life can take to catastrophe. Coyotito is a result of Kino and Juana, and this is how he is one of the chief characters. Coyotito is a symbol of unchanging artlessness being betrayed by his ain flesh and blood. Coyotito s artlessness is tantamount to the artlessness of an existent pearl ; a pearl is unafraid in it s shell until something comes along and destroys the pearl s place and destroy it s beauty and simpleness. Bing good and guiltless doesn # 8217 ; t affair in this intense universe. Last, the Pearl of the World is difficult to hold on for because it is significantly realistic to be true, yet it is as far idealistic as possible. Everyone wanted the same thing, but they knew they all would non be able to hold it. The stuff pearl reveals the sarcasm of good luck in that what should hold been the profession of a life-time, turns out to be a catastrophe, bring forthing a great trade of agony, desperation, and stoping up with decease. It illustrates the insanity and the alone effect of life. The Pearl may be read as a fable in which people can take their ain significance every bit good as predict their ain stoping to the novel. The book could be considered a parable because it explains the moral fiction of Kino or adult male in general, seeking for the wealth, the security, and the freedom in life. The large features of The Pearl are the appealing characters and the obvious narrative of adult male as a whole in relation to Kino and to his reaction.

The Personality Of The Chorus In Terms Of Oedipus Essays

The Personality Of The Chorus In Terms Of Oedipus Essays The Personality Of The Chorus In Terms Of Oedipus In Oedipus the King, Sophocles utilizes the chorus to function as the embodiment of the reasoning process. Throughout the play, the chorus personality gradually evolves as information pertaining to Oedipus becomes disclosed. The progression of the chorus personality can be divided into three distinct stages: supportive and reliant on Oedipus, uncertain about the circumstances presented against Oedipus and commiserating Oedipus fall. In each stage, the chorus serves a background to all interactions and provides the prospective Sophocles desires the audience (or readers) to grasp. The chorus also creates a sense of unity and cohesiveness which pervades the entire play. The chorus evolving personality reflects the progressive revelation of Oedipus tragic fate. At the beginning of the play, the chorus personality is unaffected by Oedipus fate and shows full confidence in Oedipus abilities as a leader. The chorus views Oedipus as their savior, the one who is to rid the pollution suffocating Thebes by killing the murder of Laius. The chorus reveals what they believe Oedipus is capable of by saying if he[murders of Laius] has a share of fear at all, his courage will not stand firm, hearing your curse (pg. 22 line 294). The chorus support is absolutely unanimous and unquestionable. Even when Teiresias, a man with the gift of prophecy, reveals Oedipus fate to the chorus, the personality of the chorus remains static and it professes, One man may pass another in wisdom but I would never agree with those that find fault with the king till I should see the word proved right beyond doubt( pg. 32 line 508). The chorus belief in Oedipus exceeds even fate. In fact, the chorus faith in Oedipus initially overshadows his numerous character flaws. As a resu lt of Oedipus rash temperament, the chorus often finds itself in a position where it must defend Oedipus actions. For instance, when Oedipus grows suspicious of Creon and speaks ill of him to Teiresias, the chorus protectively reasons to Creon that it was a sudden gust of anger that forced that insult from him, and no judgement (pg. 32 line 525). The chorus support of Oedipus is initially impervious to his fate. The chorus personality towards Oedipus slowly begins to shift from supportive to ambiguous when information steadily reveals Oedipus fate. The first noticeable sign of change occurs when Oedipus attacks Creons loyalty. The chorus exposes doubts it has concerning Oedipus impulsive temper; they say when referring to Creons words, His words are wise, king, if one fears to fall. Those who are quick of temper are not safe (pg. 37 line 617). This marks the first time the chorus questions any of Oedipus actions. As the quarrel continues the chorus slowly begins to side with Creon and even states, He has been no silly child in the past. He is strong in his oath now. Spare him (pg. 39 line 658). Oedipus rash manner and the presentation of incriminating information have finally resulted in the altering of the chorus personality. The feeling of uncertainty pervades as the chorus lacking confidence in Oedipus says, God grant that now, too, you may prove a fortunate guide for us (pg. 41 line 695) . Ironically, Oedipus impetus on Creon brought about his own incrimination and the realization of his fate. The chorus personality evolves over the duration of the argument with Creon and eventually the chorus realizes the tragic fate of Oedipus. The final stage of the chorus personality progression revolves around the downfall of Oedipus due to his fate. In this stage, the chorus exposes the notion that the welfare of the state is all that truly matters. For example, when the chorus prays to the Gods for guidance, it says, Isolence breeds the tryant, insolence if it is glutted with a surfeit, unseasonable, unprofitable, climbs to the roof-top and plunges sheer down to the ruin that must be, and there its feet are no service. But I pray that the God may never abolish the eager ambition that profits the state. For I shall never cease to hold the God as our protector (pg. 48 line 875). The chorus has turned its pleas to the God and no longer place

Youll Need This Trait to Find Professional Success

Youll Need This Trait to Find Professional Success Ever wonder what the secret to career success is? The unifying factor common to all of the most successful people? That special extra thing? You probably have it or you don’t. Sound ominous? At least it’s not some fancy education or hard-to-acquire skill. It turns out you can make up for a lot that you don’t have along the way, but there’s one thing that, if you have it, you’ll be in the best position to succeed.What is that thing? It isn’t supernatural intelligence. It isn’t pedigree.It’s grit. Can you focus in on a passion and not stop until you achieve success? Then you’ve got it, the number one indicator of high performance and long-term success- with an even greater predictability for success than high IQ.Freaking out wondering whether or not you possess this trait? Don’t worry. Here are a few building blocks of ‘grit’ as a thing you might be able to better cultivate in yourself while you’r e still early on in your career.A clear goalDetermination- no matter how much others doubt youConfidence in yourself  while you’re figuring out your trajectoryHumbleness- enough to be prepared for things to not come easilyPersistence in the face of fearPatience and flexibility- enough to navigate obstacles and hindrances without getting frustrated or giving upA code- a moral compass, and the integrity to follow it at all costsOpenness- being able to connect and collaborate with other people, and recognizing that accepting help does not equal weakness, but strengthGratitude- enough to appreciate the journey, not just keep your crazy eyes on the destinationAppreciation of othersLoyaltyInner strengthThese things might not be easily taught, but they can be honed. There’s even a measurable Grit Scale with a test developed by University of Pennsylvania researchers. Take their questionnaire and remember: you don’t have to be a trust-fund baby or a brainiac or a super charismatic magnetic personality to succeed wildly. You might just need grit.

Sustainability for BMW in the year 2054 Essay Example | Topics and Well Written Essays - 2000 words

Sustainability for BMW in the year 2054 - Essay Example In fact, in the year 1999, four of the world’s ten largest companies belonged to the automotive sector (Clifton 2000, pg 34). In the year 2008, even when America argued about renewable energy and saw it as a fantasy, Germany at the time generated around 14.2% of their electrical power from renewable sources. The country has often been quoted as a leading player in clean technology, and the mix of environmentally friendly technologies. Germany seems to be at the epicenter of the world’s next big industrial revolution, which is the triumph of cheap, clean and sustainable electricity. Therefore, major companies such as BMW and Mercedes have been able to follow suit in the country’s footsteps in Green energy. BMW has been on the leader board of Group Dow Jones sustainability index for the 8th consecutive year. This, therefore, confirms that since the year 2005, BMW has been the world’s most sustainable premium automobile manufacturer. This is intended to continue into the year 2054 because of the fact that the company is an innovative and sustainability is one of its key especially when it comes to innovation. The influence of the country’s policies will also go a long way in ensuring that BMW remains environmentally friendly and sustainable. The future of BMW is bright; the company has been using words such as autonomous as well as electric to describe the characteristic of its cars in the future. The automobile in the year 2050 will automatically be self-driving; BMW has been working on a concept of allowing drivers to cruise along the highways without driver interference. This will be one of the key that will be seen on the roads in the year 2054. Cars will probably need that drivers observe that the motor vehicle does not toggle from one mode to the other, and this can be changed from main road driving to metropolis

Week 4 - Article Review Essay Example | Topics and Well Written Essays - 750 words

Week 4 - Article Review - Essay Example The officials with DTI argue that these 31 properties should be tax-exempt because they are currently vacant or they are obsolete and cannot be used for business purposes in their current state. The total tax on these properties comes to a total of around $200,000. In other words, it is almost as if the state of Michigan and the city of Kalamazoo are punishing DTI for purchasing these properties on their behalf and for the betterment of the city, which the owners of DTI claim they may not have purchased these properties otherwise. Later in the article, the president of the company, Ken Nacci goes on to claim that the company would even be happy to pay taxes if the property values of the 31 sites are reduced so that the company does not have to pay such high taxes on properties that are clearly not worth their current value. DTI argues in their claim that the property values are roughly near $1.13 million while the city of Kalamazoo claims their values are more than three times that much. Regardless, the dispute that has been filed with the Michigan Tax Tribunal could result in a turnaround of returned taxes, plus interest to the company if they rule in favor of DTI and DKI. Unfortunately for DTI and DKI, the tribunal is so far backed up that it cannot hear the case for up to several years before a ruling can be made. For now, the company must pay the taxes but if, several years from now, the dispute is heard and ruled in favor of the company, they could be looking at a refund of millions of dollars in paid ta xes plus additional interest on the properties. The legal issue at hand is that the company, DKI, owns 31 real properties in the city of Kalamazoo. The company owns the properties, but purchased them on behalf of the city, which could be argued that in fact the city owns the properties. Therefore, there are several issues such as whether the property is person

Career development as a chef Essay Example for Free

Career development as a chef Essay Professional development is the acquisition of knowledge and skills for career advancement. It enables an individual to acquire personal development which is essential for better job performance. It will entail utilizing various learning opportunities which ranges from acquiring a college degree and other formal coursework relevant for doing exemplary good in the hotel and tourism industry. There are many approaches undertaken in enhancing career development. They include lesson study, mentoring and getting advises from members of staff who have worked and are experienced in the industry. One may also get career development through active consultation, coaching, and undertaking lesson study from a learning institution. Technical skills will be developed through technical assistance and reflective supervision. In his book on leadership skills in the tourism and service industry Rogers (2008) asserts that hotel and tourism just like other careers should engage in professional development. Individuals working in these industries should participate in professional development to serve their interest in the lifelong learning. This will show a high sense of moral obligation that brings along professional competence among the employees and other members of staff in tourism and hotel industry. Career and professional development will enable institutional members in enhancing career progression, to comply with the existing and changing regulations and to keep the organization updated with the new technology and practices that is necessary for the long-term survival of the organization. Career development will possibly include informal and formal types of vocational education and training. This is in the form of post secondary and poly-technical training which leads to academic qualification or credential that are required to get or retain an employment in case the person being trained had secured an employment in an organization. Technical and professional development may be obtained in the form of pre-service or in the in-service professional development programs. These kinds of programs are usually formal, informal; they may be conducted at a group level or individualized to suit a person professional requirement of the skills needed in his job. This means that in an organization an individual may pursue professional development independently or the human resource department may undertake the task of developing skills of individuals in the company. When professional development is done on the job by the human resource department it will enhance leadership skills which are necessary for undertaking the role of decision making in the organization. For an individual to have proper leadership abilities it means that he has to acquire high analytical and conceptual skills, this is only possible through academic training (Rogers 2008) Working as a chef needs one to be highly skilled and being adept in all facets of food preparation. The role of a chef means that the person carries the responsibility of all kitchen activity. This kind of work includes plating design, making orders and purchases of inventory to be used in food preparation and other relevant kitchen work, management of kitchen staff and preparation of menu. It is this menu that gives customers illustrations on food prices and how to budget their cash and spending in a hotel. Therefore, the tasks and personal decisions undertaken by a chef has a direct impact to the customers hence he is of great value to the organization. When one is appointed as a head chef he is given a task of making larger executive decisions which include giving the direction of menu and having final authority in the staff management decisions. This position is usually present in places where there are multiple restaurants. For a person to succeed in the hotel industry as a chef he has to possess notable skills. These skills must be learnt either formally or informally to enhance career development. For instance a great chef must be creative and should always be trying something new in the market and in the industry. His creativity should inspire food presentation which is a very great aspect to the overall dining experience. He should have a tremendous passion for beverages, food and cooking. He should enjoy the process of selecting foods, creating menus and preparing meal for his customers. In addition to the above qualities he should have a keen business sense and should run the kitchen in a way to produce food which is of high quality but at cost effective means as well as enabling efficiency in the process of food production. In his book Florian D, (1992) a chef should pay close attention to cooking and food service detail. This is because cooking is a science and hence each ingredient used in the process has a certain role that a chef should be continually aware of. He should understand his role in food preparation team, therefore engaging in active teamwork to ensure that organizational goals are achieved. He should work harmoniously to ensure that the company produces quality foods. In ensuring proper service delivery, a chef should work well with members of staff and management. He should practice his skills a lot as preparing food requires a high level of expertise. Therefore, a chef should never stop perfecting his or her cooking techniques. Career development as a chef will improve a person’s ability to multitask and handling perfectly many tasks at once. One should be responsible for all elements relating to a meal and ensuring that everything is completed at the right time. He should also avoid customer delay making sure they are served at the right time. It is this proper customer service that guarantees a company survival and increases the level of its competitiveness in the extensive industry. A successful chef should always be committed to preparing a high quality meal for his customers. He should do so by seeking the right and the finest ingredients and use the best proven techniques in delivering the best product at cost effective method. Professional development will increase the chef ability to think and make timely decisions when his company meets a challenge. Food preparation industry needs proper timing and hence a chef should possess proper analytical and conceptual skills that increase his ability to make decisions and solve problems immediately they arise. A firm that is able to make decision quickly and on a timely basis will be able to keep customers satisfied and operations will be able to flow smoothly Carnoll (2010). A great chef should be able to handle criticism from customers and hence ensuring proper customer relationship between the company and its esteemed customers who constitute his market; this will have a long term benefit when the company market share increases. Not everyone will like what a chef prepares therefore a great chef should take criticisms positively. In outsourcing for the right employees in a tourism and hotel industries most companies will put into consideration the possible qualities of an individual. They will probably analyze his strengths and weaknesses then from the analysis the key skills will be identified. If the strengths exceed the weaknesses with a considerable margin then this person will be hired to work in the organization. Companies will undertake an accurate review of the possible qualities of an individual based on personal attributes such as personality, values and motivations. A person’s behavior in the organization will also be greatly influenced by his emotional intelligence, his leadership skills, charismatic power, and ability to influence other members of staff in pursuing organizational goals and objectives. Personality can be defined as the inherent individual behavior that a person falls back to when all other forces of the outside world are accounted for or when under pressure from the external forces. It is the organized developed system within an individual that represents the collective action of a person’s psychological subsystems which go hand in hand to describe an individual personal trait. In his book personality psychology Cervone and Pervin (2014) he describes personality as a five factor model. This model describes and provides a great overview of personality and how it should relate with the work environment. A person with a positive personality is described as having ability to bring success to the company out of his individual behavior. He is portrayed with great respect among other members of staff and he is capable of ensuring success to the organization when customers flock the company out of his good reputation. A chef should therefore be of good personality t o achieve the hotel and tourism objectives. For an individual to improve his personality attributes he should possess the following qualities. He should be open to experience and learn new and emerging issues necessary for improving his skills and expertise. Openness to experience means that an individual is highly interested and flexible in experiencing new things. Work environment is highly dynamic and hence members of staff should adopt this kind of personality so that positive changes being desired by the organization are quickly integrated. A chef who aims at maximizing his service in the industry should not be rigid to changes as this can easily make the company to lag behind when customers view the services as being old fashioned and out of date. Most of the individuals are more close minded and rigid to organization changes and in how they approach new experiences; therefore, it is the work of management to ensure that this kind of rigidity is discouraged amongst its workers through behavior changes and sometimes motiv ation speeches. Conscientiousness is another personality attribute a person should possess in order to become successful in his career. A person who is high in conscientiousness will tend to be diligent and dutiful according to the way he approaches his work and life matters. Therefore for one to become a great chef and ensure success in the hotel industry a person should be able to possess this kind of personality. The individual will be able to plan his work early in advance and work towards achieving the set individual and organizational objectives. Diligence calls for individual discipline in how a person plans his work and the way he undertakes tasks to accomplish a certain goal. Florian. D (1992) for a chef to be successful in his career he should possess a personality trait of extraversion. This is a highly recognizable personality trait as it can easily be felt and seen by those who have a close interaction with the chef. A chef should be able to interact with other members of staff in the kitchen department so as to ensure that the right food is prepared and served. He should contribute his ideas and views on proper methods of food preparation. With this kind of an approach they will be able to work together to achieve the organization goal and hence adding value to the company. Value addition is seen when the hotel revenues increases and the profits retained are re invested in the company; this is only possible when chefs just as other members of staff work towards achieving organizational goals. A person with an introversion personality trait is unable to interact with co workers and hence making it difficult for the company to achieve both its short te rm and long term goals. An introvert will tend to draw energy from reflection and will prefer working on his own or in small groups. For a chef who wants to succeed in his career introversion will automatically lead to failure as this kind of an occupation calls for teamwork. A successful chef should possess a high level of agreeableness. This personality trait aims at ensuring the level of friendliness and hostility that an individual member display when interacting with others. A person considered to have high level of agreeableness is perceived to be more trustworthy and those with a lower level of agreeableness are perceived as more oppositional and more suspicious. Therefore, a chef should possess a personality trait in agreeableness. This will make it easy to work in a group and in a team since he can easily be trusted hence making teamwork easy. It is as result that decision making process will be fastened making service delivery easy and more timely. A company with proper service delivery will be rated as a successful company hence succeeding in its bid to attract more customers and markets. A chef should also possess a low personality trait of neuroticism. This means that he is able to control his emotion. A person who is highly neurotic will tend to be less stable. He get angry quickly thus demonstrating negative emotions which are not desirable for an organization environment. A person who shows emotional stability is regarded as being pleasant and resistant to stress. A chef who possesses such positive traits will not get angered quickly if criticized in his tasks. He will be able to rectify errors, omission and mistakes committed in his work. By doing this an organization is guaranteed of success since high quality services can easily be offered. The members of staff will be able to learn their mistakes and rectify them for the advantage of the company. To ensure proper service delivery a chef should understand the personality traits of individual co workers as this is very critical to the success of the organization. Personality is a key driver of individual behavior. Therefore, it calls for the members of staff and the overall company to consider this critical aspect that is very important in the success of any organization. An individual personality trait should be modeled to suit organizational needs to ensure long term success of the company. Jackson (2002) an individual values and motivators will have a big impact on his performance in the company and in the overall hotel and tourism industry. A person attitude is his or her prospective in performing a certain task. Simply it aims at answering what is the motivating factor behind a person in pursuit of the organization goals? A strong attitude of achievement brings a positive effect and success to the organization unlike a weak attitude which discourages goal attainment. Pervin (2014) a person’s attitude has a close impact on the personality of an individual although it varies from one person to another. For a chef to remain outstanding in performance he should therefore posses a strong attitude and a great determination for success in relation to his work place or in the company he is working for. It is by possessing this trait that he will be able to generate good outcome. According to Mc Cleland D.C (1951) an employee who would like to succeed in his position in a tourism and hotel industry should possess general creativity ability. This means that person is able to use his analytical and conceptual skills in making fast and efficient decisions necessary to solve a problem as early as it occurs and with the immediate effect it so desires. A chef will require creativity in drawing fast hand solutions for the challenges his organization is faced to. He should be able to influence people positively. This includes both members of staff and customers. It is by doing this that the company is able to retain its existing customers and attracting other customers in a bid to enlarging the companies’ available market. He should be able to make decisions faster coupled with advice from other members of the organization. Quick decision making is necessary for ensuring positive service delivery in the hotel industry. In his book on hotel management Rogers (2007) pointed out that a chef should be highly equipped with relevant knowledge pertaining to the tasks under him or he is obligated to do. He should restrain from undertaking technical duties which he is not relevant with. He should ensure moral fulfillment amongst his co workers and partners in the industry that he works in. Moral fulfillment is directly related to motivation. Therefore members of staff who are highly motivated will work hard in ensuring that organization objectives are met and ensure that they are achieved on a timely basis. A chef should maintain a high level of intellectual status and ability to think and making wise decisions when required to do so. Everything a chef sets to do should ensure motivation to his co workers hence making them to invest more efforts in attaining the organizational goals. A successful chef should portray positive emotional intelligence and hence ability to control his emotions regarding his job and service delivery. Emotional intelligence is that individual ability to control, perceive and evaluate emotions when they arise .According to Robbins et al (2008) emotions and moods are dominant factors which employees’ experiences. Emotions are described as intense feelings directed at someone while moods just as emotions are feelings which are not so intense still directed to someone. Having positive emotion and mood means that the chef will work efficiently with others, and will not be quick anger or over-react in the event of provocation. To prevent negative moods and emotions a chef should avoid being stressed, prevent social activities that affect his individual behavior negatively. He should exercise a lot during his free time to reduce the level of accumulated stress during the day time when at work. According to McGrogan (2007) a personâ€⠄¢s level of productivity should be great during the daytime since it is at this time that he will be able to focus and concentrate. This is unlike during the night when many people are exhausted hence a chef should display this character. Florian (1992) asserts that a great chef should possess proper leadership skills in ensuring that the process of service delivery is accurately undertaken. He should be able to control and govern his subordinates and guide them towards the process of attaining the objectives and the goals of the organization. Acting as a chief chef he has a role of guiding the assistant chefs in service delivery. He should have charisma and should have a proper vision and risk taking qualities that are necessary in ensuring investments in the tourism and hotel industry he works for. A successful chef may be required to work in a leadership position. At this level he has the responsibility to represent the subordinates in decision making process. He needs to be a visionary leader who thinks about the future and dealing with tough issues that directly affect the organizations activities. To have the following attributes and leadership skills a chef should be of high integrity with ability to be trusted Carnoll (2010). He should show a high level of competence in the tasks he undertakes similarly to the tasks he delegates among the subordinates. He should be loyal, consistent and open to the executives above him in the organization hierarchy. It is this commitment in work that ensures overall success of the company’s activities. He should be able to act as liaison, conflict manager, and ability to train and develop skills as well as trouble shooting any event that may befall a company. A successful chef, Rogers (2007) argued that he should possess exemplary ability to influence other positively making them to work as he desires and for the advantage of the company he is working for. He should display personal power in his task of service delivery as this relates to being unique in how he serves his market and customers. Expert and referent factors are also important in his work since he should show his expertise as a chef and how he can use that skill to achieve the long term goal of bringing success to the company he should try to eliminate work politics as this will lead to increased stress, reducing performance in service delivery and job dissatisfaction. All this brings poor performance to the tourism industry in its pursuit to achieve better productivity and revenue generation. Conclusion For a chef to ensure success in his work of service delivery in the hotel industry he should try hard to eradicate organizational politics to increase productivity of the organization objectives. Organizational politics have been observed to bring enemity among workmates. This is very dangerous as it limits teamwork, which is very necessary in attaining organizational goals. References Carroll, C. M. (2010). Tasting success: Your guide to becoming a professional chef. Hoboken, NJ: Wiley. Cervone, D., Pervin, L. A. (2014). Personality psychology. Singapore: Wiley. Grogan-Kaylor, A., Ruffolo, M. C., Ortega, R. M., Clarke, J. (January 01, 2008). Behaviors of the individuals in an organization setting.Individual behavior, 32, 1, 35-49.Jackson, B. (2002). Organization behaviour. Kuala Lumpur, Malaysia: Golden Books Centre. McClelland, D. C. (1951). Personality. New York: Sloane. Robbins, S. P. (2000). Organizational Behaviour. Upper Saddle River, N.J: Prentice Hall. Robbins, S. P., Campbell, T. T., Judge, T. A. (2010). Organizational behaviour. Harlow [u.a.: Financial Times/Prentice Hall. Rogers, C. (2008). Leadership skills in the tourism and service industry. Oxford: Oxford University Press. Florian, D. (1992). A chef. New York: Greenwillow Books. Source document

Microcredit Essay -- Economy, Loans, Microloans

Microcredit can be defined as small loans, or microloans, for people around the world in extreme poverty to help spur entrepreneurship. The issue of microcredit is extremely important in the world’s economy. Poverty alleviation and economic development are the primary goals of microcredit programs, that is why they began in the developing countries of Asia and Latin America, economist Muhammad Yunus and his Grameen Bank in Bangladesh are credited of pioneering this financial innovation (Smith, Thurman, 2007). After acquiring a loan, impoverished people get involved in self-employment projects that help them to start a business and begin generating income and in many cases leave poverty. Microcredit offers loans to poor people without requesting any financial history from them. These loans help to improve the quality of life of individuals and communities through commitment. In recent years, the idea of giving small loans to poor people became the darling of the development wor ld, giving a way to propel even the poorest people into better lives (Jolis, 2011). Since its emergence, microcredit has been viewed as a very important tool for development. Many around the world believe microcredit is the antidote for global poverty. Although the Grameen Bank focuses only on people from Bangladesh, different microfinance institutions had been established around the world. Accion International is one example of these institutions in Latin America, which started providing loans in 1973 (The history of microfinance, 2005). These financial institutions started to grow rapidly due to high demands of small loans. Poor people around the world started to lose faith to their countries’ authorities to provide for their well being and started to tur... ...e of the challenges that the Grameen Bank has faced in the last years is that the government believed that citizens from Bangladesh are just growing a big dept that will only damage their lives in the future. However, as stated before, 98% of the loans have been repaid. Overall, microcredit has helped millions of people around the world and it continues to have a great impact on poor people, informing them that all they need is a little ‘push’ or start-up money to begin creating a better life and subsequently a better community. Each organization has its own goals and purposes depending on the country where they reside as well as different challenges that have appeared. Microcredit is helping poor people and small business owners to better themselves as well as to their families and have their time, skills, and ideas utilized in an effective and positive way.

The Door Slammed Shut, Never to Be Opened Again

The Priest finished off his final words, I tried to savor them knowing that after today I wanted to forget it all; not because I didn’t care, it was quite the opposite actually! It’s just that I know it would be what she wanted. As much as I tried and begged she kept flooding my mind, it’s impossible to throw something like this over your shoulder and ignore the remnants of the past. The blackness of the day contrasted with the overwhelming sunshine and broken heat waves.It was all too much and now at least the worst part was over, I took my last and final glance to the beautiful hand carved woodwork, standard size, polished frame, finished with gold hinges and large metallic black buckles. The coffin stood. The walk back to the car was a rush of images and an overpowering sensation of memories driven into my mind like the intricate bodywork on the stunning 1996 Rolls Royce that was driven by my chauffer, I couldn’t think about anything else but that one a wful night. That one night that changed my life.Forever. The car ride wasn’t much better the same commotions pounding the walls of my weakened cranium. I placed my hands at either temple and continually pressed harder and harder until it was painful and the pictures in my head were drowning with the pressure of my unlawful grasp. I saw the chauffer glance once or twice back at me through his rear view mirror but that was not any where near a priority of mine. Innocent white blotches stained my face as blood slowly brought colour back to my facade.I grabbed the cold shiny metal handle and much too roughly pushed it down to me set me free, all my body leapt out unwillingly as the door swung wide open uncontrollably, releasing me into the pavements merciless lure. My head whipped the grey concrete slabs with an overwhelming impact that destroyed my senses and put me in a deep darkness. I awoke to find a spinning ceiling fun unstably rocking back and forth above my head. I closed my eyes hoping to dissolve back into the safe hands of arkness where all my worries were beautifully decapitated and I with everything else was nothing! But it was useless, once again she swamped my mind and my eyes watered. I see myself as a kid happy and safe, we both standing there as a team side-by-side. We were in Argentina and the beautiful Andes consumed most of my hazy image. She hugs me and I smile and laugh, in her eyes were untainted love and looking into them I felt that I wouldn’t ever be lonesome, she made my petty little worries disappear and if only she was here now.I would tell her how much I love her! My eyes opened and simultaneously a tear ran down the side of my face. I miss her and I can’t help but think about her. It feels like its been years since her loving eyes stared straight into mine. I kept telling myself that I have to resist and tire my mind, but the more I tried the more I thought of her. I slowly got off the couch and looked around, t his was the first time I’ve been back home since it happened. My partial-completed memory of the tragedy was over-whelming me; it was like I was spinning in a never-ending vortex.I took three steps into the kitchen and let out a cry, they hadn’t even cleaned up. I ran back and stopped at the foot of the staircase. I took my first step, step one; I was worried. She swamped my head I was just†¦ just†¦ I can’t but I needed to. I took it one step at a time and gradually I progressed up and up, until I reached the final step before the landing. And. I look around knowing that this last step will punish me, but I must†¦ but what if†¦ and I stopped myself knowing that no good can come of thinking too much. The memories were still tormenting my mind.I lift my trembling leg and placed it on the landing as if the floor was made out of paper I clenched the banister and lifted my other foot. I gave in and released my entire weight upon this drowsy missio n I set myself not knowing what good can possibly occur. I turned my body to the left and saw the door ajar. This is where she used to work peacefully in the next room, quietly and delicately, innocently and lovingly, she, and I. Side-by-side. I walked the length of the corridor. I couldn’t bring myself to do it. To go inside. I knew it would be difficult but.. ut.. No! This was not supposed to be. I can’t. I can’t do it. More pictures and short memories were free to roam around in my head. More tears flooded my face. I saw her beautiful face and I saw her†¦ I saw it all again†¦ exactly what I never wanted to see†¦ exactly what I was avoiding †¦ It was scarred into my head. I saw her innocent face lying in a pool of her own blood in the middle of the kitchen. The image tormented me and haunted me. I threw out my hand and grabbed the handle, I threw back my shoulder and†¦ The door slammed shut never to be opened again!

Negotiations Between German Officials and Black September

The terrorists handed a communique to the police, in it they demanded the release of more than two hundred revolutionary prisoners from jails in Germany, Israel and else where. Black September spent weeks planning the assault on the Olympic Village but their original 9 a. m deadline for the release of the 200 prisoners was hopelessly optimistic. By 8. 45 a. m no progress had been made in meeting the demands of the terrorists and Olympic officials scrambled to secure a meeting with the terrorists in order to extend the deadline.A police officer Anneliese Graes who was acting as an intermediary set up a meeting between the terrorist leader Issa and a small delegation of senior German, Olympic and foreign officials. As these officials approached the building it was very clear that the terrorists were in total control of the situation. When negotiators made their way to the scene they knew nothing about the terrorists except for what they could see. Three terrorists were visible at any o ne time, Issa the leader of the group, his face blackened with shoe polish and two other gunmen who were seen pointing assault rifles from the windows of the hotel room.The Munich chief of police Schreiber said â€Å"on the first floor balcony was a man wearing a balaclava and pointing a sub machine-gun towards us, towards me! † (p57) The negotiators were clearly dealing with a very delicate situation and the atmosphere between the men was described as incredibly tense. It was clear to Schreiber the chief of police that these were very dangerous men that they were dealing with. Not only were there two men on the balcony pointing guns at the negotiators but the leader, Issa had a hand grenade in his hand through-out the negotiations.Schreiber described the leader, â€Å"Issa expressed his demands in a staccato manner and at times sounded like a fanatic or one of those people who aren’t completely anchored in reality or totally aware. He was very cool and very determine d, clearly fanatical in his convictions† Eventually the negotiators managed to convince Issa that the demands were being considered in Tel Aviv and Bonn and that the Israelis and Germans needed more time to locate and free all of the prisoners.Israel immediately told the German authorities that in line with their policies they would not give in to the terrorists demands the then Prime minister for Israel Golda Meir going on record saying â€Å"If we should give in, then no Israeli anywhere in the world can feel that his life is safe, it’s blackmail of the worst kind. † â€Å"When it became clear to me the negotiation was fruitless I said to the leader (Issa): ‘You know our recent history, what was done to the Jews by the Germans. You must understand that this makes the situation here particularly difficult. ’ I said, ‘why don’t you let them go and take me instead. But he refused An unlimited sum of money as well as German minister Hans- Dietrich Genscher was also offered in exchange for the the lives of the Iraeli hostages. According to the Iraeli chief of police Manfred Scrieber the terrorists responded by saying, â€Å"It is not a question of money or substitute hostages but only of the two hundred prisoners† In the opinion of Magdi Gohary an advisor to the Arab League who negotiated with the members of Black September for the release of the hostages the terrorists really believed in the possibility of their demands being met.In Gohary’s opinion at the time from a political point of view the release of over 200 extremist prisoners was â€Å"99. 9 percent unlikely† he says â€Å" I thought and still think that the Israelis would rather have let their whole athletic team be killed than let this happen† the negotiators tried to explain these things to Issa but he was very â€Å"sceptical and dismissive†. Israel however, remained adamant that no deal would be struck with the terrori sts. To buy time the negotiators lied to the terrorists and told them that they were still awaiting word from Jerusalem.

Density of Pennies Lab essays

Density of Pennies Lab essays The means of this experiment will be to work with the density of pennies. I will be enforcing the concepts of accuracy and precision as I repeat one step three times. In addition, I will begin to perform percent errors. The main purpose of this experiment will be to discover if any differences exist with comparison of pennies dated before 1982 to pennies dated after 1982, such as the average of the volume and the average of the mass. And last but not least, I will practice my expertise of determining densities of objects, as in this case, the pennies. The procedures of this experiment will be easy. I will determine the mass of forty pennies dated before 1982 with a balance, and also for the pennies dated after 1982. I will repeat this three times for each group of pennies and find the average. Then I will pour the pennies into a graduated cylinder of water and record the volume for both groups of pennies. I will also repeat this three times and calculate the average. Next, I will determine the volume of the pennies alone, repeat it three times, and determine the average volume. Then, I will verify the density of each group of pennies, by using the equation D=M/V. Finally, I will compare and contrast the data I collected with Data Table 2-4. The concepts to this experiment are not very complicated, because it only involves simple concepts. For instance, the density formula: mass divided by volume. In addition, the concepts of accuracy and precision are involved in this experiment. Accuracy is the closeness of measurements to the correct or accepted value. Precision is the closeness of a set of measurements. The notion of significant figures perhaps may also be utilized in this experiment. Lastly, percent error will be used in the data processing, which is defined as the absolute value of the accepted value subtract the experimental value, divided by the accepted value, and multiplied by 100. ...

Examples of Social Facts and Their Negative Impact

Examples of Social Facts and Their Negative Impact Social fact is a theory developed by sociologist Emile Durkheim to describe how values, culture, and norms control the actions and beliefs of individuals and society as a whole. Durkheim and Social Fact In his book, The Rules of Sociological Method,  Durkheim outlined social fact, and the book became one of the foundational texts of sociology.   He defined sociology as the study of social facts, which he said were the actions of society. Social facts are the reason why people within a society seem to choose to do the same basic things; e.g., where they live, what they eat, and how they interact. The society they belong to shapes them to do these things, continuing social facts.   Common Social Facts Durkheim used many examples to demonstrate his theory of social facts, including:   Marriage: Social groups tend to have the same ideas toward marriage, such as the appropriate age to get married and what a ceremony should look like. Attitudes that violate those social facts, such as bigamy or polygamy in the Western world, are regarded with disgust.  Language: People living in the same area tend to speak the same language. In fact, they can develop and pass on their own dialect and idioms. Years later, those norms can identify someone as being part of a particular region.  Religion: Social facts shape how we view religion. Different areas have different religious strongholds, with faith being a regular part of life, and other religions are considered foreign and strange.   Social Facts and Religion One of the areas Durkheim explored thoroughly was religion. He looked at the social facts of suicide rates in Protestant and Catholic communities. Catholic communities view suicide as one of the worst sins, and as such, have much lower suicide rates than Protestants. Durkheim believed the difference in suicide rates showed the influence of social facts and culture on actions.   Some of his research in the area has been questioned in recent years, but his suicide research was groundbreaking and shed light on how society affects our individual attitudes and actions.   Social Fact and Control Social fact is a technique of control. Societal norms shape our attitudes, beliefs, and actions. They inform what we do every day, from who we befriend to how we work. Its a complex and embedded construct that keeps us from stepping outside the norm.   Social fact is what makes us react strongly to people who deviate from social attitudes. For example, people in other countries who have no established home, and instead wander from place to place and take odd jobs. Western societies tend to view these people as odd and strange based on our social facts, when in their culture, what theyre doing is completely normal.   What is a social fact in one culture can be abhorrently strange in another; by keeping in mind how society influences your beliefs, you can temper your reactions to what is different.

FDI Mode of Internationalization Essay Example | Topics and Well Written Essays - 2000 words

FDI Mode of Internationalization - Essay Example Tutor Signature: Date: Table of Contents Table of Contents 3 Introduction 4 Foreign market entry modes 4 FDI (Foreign Direct Investment) 4 Exporting 4 Licensing or Franchising 5 Circumstances under which FDI is beneficial over exporting 5 Circumstances under which FDI is beneficial over licensing or franchising 6 Conclusion 7 Introduction Organizations or firms that operate in the international market place are required to make decisions that are related to the mode of entry in the international market place or foreign market. The following paper includes the discussion about the factors and issues that are faced for making the choice of the mode of international market entry. The organizations needs to analyze the potential factors and issues that impact the organization by selecting a particular mode of going international. Mainly the mode of going international includes the FDI (Foreign Direct Investments), franchising or licensing and exporting. The paper includes the factors or circumstances under which the organizations must prefer to internationalize via foreign direct investment rather than the other modes of internationalizations. Foreign market entry modes The modes to enter the foreign market differs with the degree of risk they present, the level of control and the commitment of resources the mode of internationalization require and also the return on investment they provide. There are different modes through which organizations can internationalize their business this mainly includes FDI, franchising or licensing and exporting (Stiglitz 2006). Each mode has certain advantages and disadvantages, which needs to be evaluated before selecting a mode of internationalization for business. The whole entry mode is divided into equity modes and non equity modes. The equity modes include FDI’S, joint ventures etc, while the non equity modes include exporting, franchising, or licensing etc (Bakan 2007). FDI (Foreign Direct Investment) In simple terms F DI can be defined as the investment process where residents of one nation or country acquire ownership of assets of the firm in some other country or nation for the purpose of controlling interest in the production, distribution and other activities. It can also be said to be as the acquisition of lasting interest in a firm operating in an economy other than the home economy or of the investor in order to have a hold in the management of the enterprise (Ravenhill 2008). The major factors explained in the definitions above include controlling interest. So the main factor that is included for the use of the FDI as a source of international investment over other modes of internationalization is the element of control on the policies and decisions of management (Zekiri and Angelova 2011). Exporting Exporting in simple terms can be said to be as the process of selling of goods and products or services produced in domestic country to other country. Exporting is done in the form of direct and indirect exporting. In indirect exporting the products are sold in the original or modified form from one nation to another, while in direct exporting includes selling of products and services directly through the use of direct distribution channels (Mosa 2012). Licensing or Franchising Under the franchising internationalization mode the organizations sells limited rights to the franchisees to utilize the brand name of the organization in return for a lump sum amount of payment and also with the

Concepts and Operations management principles in Mcdonalds Essay

Concepts and Operations management principles in Mcdonalds - Essay Example For instance, as noted Preliminary results statement, 2006, it offers a range of quality menu choices along with our convenience and brand affordability. Its performance reflects its continued commitment to leverage its operations and process engineering through adoption of the current technology in its systems and procedures. For instance, there is a close monitoring of its chain of operations through advanced techniques to ensure that there is timely delivery of products to customers’ complaints, queries. As the CEO , Jim Skinner noted in the Financial highlights of the year 2011, ‘During 2011, McDonalds continued momentum drove higher profitability and market share gains as we fortified our leadership position around the world. The ongoing strength of McDonalds results is rooted in our Plan to Win with a relentless focus on what matters most to our customers. We are enhancing the customer experience – from our menu and service to our value and convenience – while giving more people more reasons to visit McDonalds more often’. Said McDonalds Chief Executive Officer,. This implies that the chain store constantly pursue customer excellence strategy. The Financial highlights 2011, notes that its success is a result of a diversification to ensure that customers have a variety of food variety to satisfy their needs are satisfied. The recent growing competition from its rivals has necessitated the need to differentiate its products, offer excellent quality customer services, have wider, and more distributed chain stores with uniformity of services across the globe. A wide coverage and presence of several chain stores in region reaches out to more customers than its main rivals do. An examination of some of product offering includes cheers, salads and other breakfast options. Through continued efforts to innovate, it has created a

Business Code of Ethics Research Paper Example | Topics and Well Written Essays - 750 words

Business Code of Ethics - Research Paper Example On the other hand, ethics is more social and more specific than morality and the practical counterpart of it (Stewart, 2011, p. 7). It serves as the guide for the actions and behaviors especially in professions and organizations. In business, it is also very important especially in companies where complex system works together with many people involve. Some actions are not tolerated as those may become detrimental to the individual and to the whole organization. Misbehaviors may destroy the reputation of the business and may affect its sales (Boone and Kurtz, 2011, p. 197). Later on, profits may also decline as a result of losing sales that may lead to more undesirable conditions of the organization. It may not be able to sustain its operations and the management may decide to have massive lay-off to save the company. If it comes to the worst case scenario, the company will close due to bankruptcy. The illustrated possibilities that may happen to the company due to misbehavior only s how how ethics is important to guide each person in his course of actions in his daily life especially during the times he spend in working for the company. It shows how it is important for the management to place some ways of control over the working system of the company to ensure that ethics is followed by the members of the organization and prevent the occurrence of undesirable conditions. Rules and regulations are then presented to the employees as they must know the allowable actions and disallowable actions that are subjected to sanctions. Good performance leads to rewards while misconduct leads to punishment. Standards are also held in place to provide a guide for the employees to follow regarding the level of productivity and performance that they must render. Standards and the rules and regulations are affected by the code of ethics. Since conducting a business is also a profession, it requires a list of norms that people must follow. To make the concept of code of ethics clearer, a specific definition must be given. As said in the preceding sentences, code of ethics is established for certain particular professions to ensure quality services and meet the needs of the clients. The code contains a list of norms that professionals must follow throughout their careers (Marquis and Huston, 2009, p. 77). Therefore, the code defines the identity of the certain profession being practiced while ensuring the values to reflect on the performance. Sometimes code of ethics is called code of conduct as it pertains to the correct or wrong actions and behaviors. In business, it is installed in the company to ensure the top-of-the-line services and products are delivered to the clients as they are important to the profits that drive the operations of the company (Ferrell et. al., 2011, p. 347). Without profits, company will not be sustainable and may eventually close. In making a code of ethics, it requires to have a basis. The basis then for the code of ethics to s ubstantiate is to identify the underlying values. Values are then important not only in adding ease to the lives of people but also bringing a progressive uplift to the society as a whole. It also leads to the enhancement of the quality of lives around the world (Shaikh, 2010, p. 480). Therefore, the code then must consider not only the values and service quality but also the prevailing culture and beliefs in the locality where it operates

Short term and long term environmental factors

Short term and long term environmental factors One of the important environment factor that effect the organization on short term and long term basis. It includes changes in government policies, changes made in law and legislation, war and conflict, government pressure in form of rise in tax, changes in government and new government wants to wave out all old plans. Economical Another factor that effect the environment is itself economy of the country which could affect on shorter term or longer term but most likely the economical effect most effect on longer period. It includes adverse movement in exchange rates, increase in taxation, lower interest rate, international economy effect, monetary issues, customer buying power, change in trend and life style of people due to poor economic conditions, like possibility of business would not generate as much as they were before this which ultimately result in reduction in human power which directly effect there buying power. Technological Technology is normally has short term effect excluding some mighty machinery which take years to build and changes take place. Technological factor includes change in technology as this is one of the major factor as we have seen in now a day communication and computer technology change rapidly as compare to others, once a new model enter in the market will definitely absolute the previous one. Other factors include changes in technological legislation, licensing and patents, intellectual property issue and global communication. Social Social is another environment factor that can affect both in short and long term to organization. Social factor include change in trends, fashion, style, organizational brand, people purchasing power, religious and ethical issues. Media play vital role these days as a mean of spreading awareness among people which can be in any sector. Major events has a short term environment affects. Importance of Environmental Factor Affecting Organization: It is obvious that any change in the environment factor can directly or in directly affects the organization operations in that particular environment. Politically if the is change in government policy or legislation that has direct effect on all organization and sectors all business have to adopt the changes take place. Technological if there has been change in technology as latest version of machinery launched every business which directly use such machinery to run there business need to update accordingly in order to survive in the competitor market otherwise competitor, take lead in business operations. Social and economy factors also has important influence on organization activities suppose, if organization is doing trade with international business partners in case of war both countries government impose restriction on the trade which affect both businesses on the other hand if economy is on downfall trend, in fact all businesses faces decline in the profit percentage as custo mers buying power has fall as a result of poor economic conditions. Expectation of Stake holders A stakeholder is any person or organization, who can be positively or negatively impacted by, or cause an impact on the actions of a company, government, or organization. Following are the stake holders of almost every business: Customers Employees Trade creditors Bank Government Shareholders Investors Local community Environment Every stakeholder has it on expectations from the company or business. Customers demand high quality but cheap price products and services. Employees has there own expectations like secure future, attractive salary plus bonuses. Trade creditors demand long credit period. Bank is interested in it financial performance and business is able pay the interest rates. Government is interested in business paying tax on time. Shareholders are interested in increase in wealth which result in business generates profits. Investors interested on return on there investment. Local community expects employment opportunities from business. Business would run its operations under environment friendly atmosphere. Changes that affect the strategy Factors that currently affect the TM Mobile house is technology change like upgraded version of computer mobile model therefore TM should have to buy new software that are currently used in mobiles and computers. Second environment factor that mostly affect TM is economic downfall which dramatically reduce the sale of TM. So under tight conditions TM has to change its strategy in order to survive under such condition. Due to poor economic condition customers are unable to pay more for the goods they bought infect they demand cheap product but good quality which result in to reduction in profit margin ratio. Government demand regular tax and council tax payment regardless business is earning profit or not. Bank demand there money back, employees feel unsecure future in TM employees are not happy as they would not receive bonus for the one and a half year. Investors consider it risky to invest in such economic condition due to fear of there investment being drowned. Task2 Business Strategies, Policies and Plans Strategic Objectives The company strategic objectives are how the company corporate objective is going to be achieved. These objectives usually split between: The strategic commercial objective The strategic financial objective The commercial objectives are in non financial term to achieve company desired targets. The strategic financial objectives are to maximize the profit of the organization, in modern terms maximization of shareholder wealth. Effectiveness Is a measure of the degree to which business achieve its goals. The strategy is effective if it achieve it objective. Business Plan A business plan is an official statement contains business goals, the reasons why they are going to be achievable, and the plan for reaching those goals. It also holds information about the organization or team attempting to reach those goals. Business policy Business Policy defines the scope inside which decisions can be taken by the subordinate in an organization. It permits the lower level management to deal with the harms and issue without consult top level management each time for decision. Business policy in guidelines issued by the organization to achieve there targets. Effect of Current Business Plan TM business plan is to maximize the profit, growth in sale at constant rate in future. TM goals are to grow and create monopoly in area which it operates and how to achieve the goals TM together its employee as a force to achieve its targets. Owner of the business make daily progress reports form them, and any changes in plan will properly convey to them through proper mean of communication tool like direct meetings, update the notice board regarding current changes and process of achieving those targets and goals. It targets also includes increasing customer confidence in there services. TM give guarantee for its services if there is any complain in it they can get it repaired with out charge, no one else in the market are offering such guarantees. For the time being TM is moving slowly towards maximizing profit as due the economic recession it been difficult for TM to achieve its targets. Employees are working well as they are working before the economic recession but due to slow p rogress in work that is why plan are not working and planed. TM is now 2nd operating in this area offering the same kind of services, but due to size of the business TM were in lead. Two more business was closed down due to unfeasible economic conditions. Now its time for TM to improve its services likely to make amendments in the plan as customers are switching back towards TM. Which is positive sign for TM as sale will grow as planed in future because of reduction in competition. TM is now increase the volume of finished good stock for resale purposes as he is expecting increase in the sale as well as profit. TM has following competitive strength and weaknesses, of its current strategies. Strength It has large space in shop so more customers can sit at a time. Its location is comparatively better than its competitor. However its competitor is in less busy area. Workforce, as TM has two staff who can serve the customers. Its competitor is hiring only on staff difficult for him to deal during busy time to handle each clients effectively. Range of services like computer, mobile, Money transfers and property. But its competitor has limited services like mobile and computer. Weaknesses Strategically TM is retrieving high profit margin form it sales on the other hand its competitor has edge on this. TM is not buying accessories of latest mobile phone, lack of training in employees, participation in saving schemes. Its competitor has edge on above mentioned weakness. Task 3 Options for Strategic Planning Strategic planning is creating a vision of the future and managing toward that expectancy. Its operating under a mission statement umbrella that focuses the organizations effort. Its an effective process for aligning your short-term decisions with your long-term goals. Strategic planning answers the three big questions: Where are we today? Where do we want to be in the future? What should we be focused on today, in order to make it more likely we will be where we want to be in the future? The basic strategic planning model involved four steps explained below. SWOT analysis can also be used for strategic planning. Strength and weakness can show business internal position where it can stand and opportunity and threats shows external factors that will affect the business directly or indirectly. Strength Have you got sufficient financial resources to fund any changes you would like to make? Is your product unique or market leading? Does business have superior industry knowledge? Are you involved with industry associations? Your reputation are you considered a market leader? Or an expert in you is filed? Does business have good relationship with your customer? Does business have strong relationships with your suppliers? Does business have a positive relationship with your employee? Is your business Innovative? Weakness Is your plant and equipment old or outdated? Is your product line too narrow? Have you got insufficient financial resources to fund any changes you would like to make? Does business lack industry knowledge? Does business lack innovative skills? Does business have a poor or impersonal relationship with your customers? Does business have a poor relationship with your suppliers? Does business have a poor relationship with your employees? Does business have low volume and are restricted in your ability to scale up? Opportunities Changes to legislation Changes to import/export constraints Good economic outlook Expand your product line Diversify your business interests Expand into your customers field Expand into your suppliers field Expand your customer base (Geographically or through new products) Does business has peaceful competitor? Are there any export opportunities? Will your market grow? Threats Changes in demographics Increasing regulation Do consumers have a choice to use a substitute product? Are substitute product sales increasing? Is your market in slow growth or in decline? Growing power of customers or suppliers to set price Changing needs of buyers Porters five forces Model Michael Porter developed a framework, which identified 5 forces that act to either increase or reduce the competitive forces within an industry. These five forces are à ¢Ã¢â€š ¬Ã‚ ¢The Bargaining Power of Your Customers à ¢Ã¢â€š ¬Ã‚ ¢The Threat of New Entrants into your Industry à ¢Ã¢â€š ¬Ã‚ ¢The Bargaining Power of Suppliers à ¢Ã¢â€š ¬Ã‚ ¢Threat of Substitute Products or Services à ¢Ã¢â€š ¬Ã‚ ¢Rivalry amongst Existing Firms Graphically presented as: Rivalry amongst Existing Firms Industry growth rates High fixed costs Intermittent over capacity Product differences Brand identity Switching costs Informational complexity Concentration balance Diversity of competitors Corporate stakes Exit barriers The Bargaining Power of Your Customers Differentiation of outputs Switching costs Presence of substitutes Industry concentration relative to buyer concentration Importance of volume to buyers Cost relative to total buyer purchases Impact of outputs on the cost of differentiation Buyer information about supplier products Buyer profitability Decision makers incentives Threat of backward integration The Bargaining Power of Suppliers Differentiation of inputs Switching costs Presence of substitute products Supplier concentration relative to industry concentration Importance of volume to suppliers Cost relative to total purchases in the industry Impact of inputs on cost or differentiation Information about suppliers products Supplier profitability Decision makers incentives Threat of forward integration The Threat of New Entrants into your Industry Economies of scale Proprietary product differences Brand identity Switching costs Capital requirements Access to distribution Absolute cost advantage Government policy Expected retaliation Threat of Substitute Products or Services Relative price performance of substitutes Switching costs Buyer propensity to substitute Comparative understanding of activity from organization If we take in to account the competitor of TM mobile house in some area that business is in good position, as no business is perfect in every aspect. If we take few things into consideration like JD has lower profit margin. JD offer limited services if we compare it with TM, but with extreme quality. Employ turn over in JD is too low as compare to TM. JD business is too innovative its owner keep the displayed products in the shop with latest models including there accessories. JD has good financial condition JD have sufficient working capital to support day to day activities. JD had obtained large credit from the supplier. It keeps his employee up to date regarding any changes in the technology. JD makes good relations with its existing customer and new one. How ever in some areas TM as a competitive advantage over JD. Feasible options for the future strategic planning It is better for TM to incorporate following option before making strategic plans, it includes product threat that is take in to consideration that if there are some new product entering the market there cost and also opportunity cost of not take it now in to consideration. What is the capital requirement to meet its day to day expenses as well as if want to introduce need products like latest models of mobile and if to upgrade the existing computers using as internet cafà ©, do TM has sufficient fund available if it has how efficiently use it. What ever services TM going to provide should be meet economies of scale criteria. Must take in to consideration the bargain power of the customers, whats there buying power what there expectation from TM and which product they normally demand for there normal consumptions. Most importantly take in to account the competitor position need to adopt those method in order to gain competitive edge, carefully identify those areas that need special attention. Identify those brands which has same quality but cheaper that meet the customers buying power. Changes in the legislation must take in to account how they affect our business. Need to improve the accessories in the shop but focus must be to identify if they were saleable or which has extensive demand. Focus on existing product present in stock that is out dated should be sold out on discount to retrieve money from it otherwise bear total loss from it. TM must keep there and its employee knowledge up to date, towards industry in which they are operating suppose TM is doing money transfers it should be aware of any changes took place in money transferring roles that need to be adopted. Improve the interpersonal skill with staff and with the customers always build working relations with the customers in order to retain business from them. All above mentioned issued need to take under careful consideration in order to make future strategy plan and setting targets to be achiev ed. Conclusion We discuss short and long term environmental factors affecting the organization, together with what are strategies, policies and plan and at the end take in to consideration strategy development models and which important areas are vital in making future strategies.