How The Notebook Author Found Writing Success

Nicholas Sparks is a bestselling author, screenwriter and producer. His fans have come to love his clean and sentimental romance novels and films such as, The Notebook. The stories often have Christian themes and sad twists, and he has had five New York Times bestsellers. Early Life Nicholas Sparks was born December 31, 1965, in Omaha, Nebraska. His family moved around a lot while his father pursued graduate degrees. Sparks had lived in Minnesota, Nebraska and California. He has a sister, who died in 2000, and a brother. He was raised Roman Catholic and continues to practice that faith. Sparks excelled at running  and went to the University of Notre Dame on a track and field scholarship. He was a business major, and after an Achilles tendon injury, he spent the summer writing an unpublished novel. Family and Personal Life Sparks met his wife, Cathy Cote, on spring break in 1988, the year he graduated from Notre Dame with honors. They married in 1989 and moved to New Bern, North Carolina. They have five children: three boys and twin girls. The couple divorced in 2015. Writing Sparks wrote two novels that were never published. He worked in the orthopedic goods industry to make a living. His first published work was, Wokini: A Lakota Journey to Happiness and Self-Understanding, written with Olympic medalist Billy Mills. Sparks third novel, The Notebook, was picked up by a literary agent and published in 1996. It enjoyed tremendous success and garnered a million dollar movie rights contract. But Sparks did not quit his day job just yet, he continued to sell pharmaceuticals and was transferred to Greenville, South Carolina. There, he wrote, Message in a Bottle, for which he sold the movie rights before it was published. Sparks continued to publish book after book, and he remains active as a writer. His novels often debut as bestsellers. They are noted for being stories with traditional values and lack of profanity, even as they are romances, and the characters face personal crises, often without a happy ending. See a list of Nicholas Sparks books. Nicholas Sparks Movies Most of  Nicholas Sparks books have been made into movies  or have been optioned to be made into movies. The first one released was, Message in a Bottle, in 1999, which earned the number one box office slot. The Notebook, in 2004 is well-remembered by Ryan Gosling fans. He has served as producer on several, including, Safe Haven, Deliverance Creek, The Best of Me, The Longest Ride and The Choice. Nicholas Sparks Trivia Nicholas Sparks donated a track to New Bern High School, where he was a volunteer coach.He supports the Notre Dame Creative Writing Program with an annual scholarship, internships and a fellowship.He has donated millions of dollars to build Christian International School.Sparks is a black belt in Tae Kwon DoSparks was named, Sexiest Author, by People Magazine.His family has endured several tragedies. His mother died following a horseback riding accident, and his father died in an automobile accident. His sister died young of cancer.

A Brief Note On Social Media Increasing Knowledge

Social Media Increasing Knowledge Pratik Khatri Kean University May 14, 2015 Dr. Keddis GE 2024-04 Introduction In this world of technology there are many things that affect us mentally and physically. According to Moradi (2014) Imagine a life without technology, try to imagine life without our phones being able to wake us up in the morning or without using our computers. It would be so different then what we are used to doing every day. In reality, nowadays everyone relies on technology. Throughout history technology has increased dramatically, the increased amount of technology that is incorporated into a Smart Phone now a day is incredible. Literature review The use of the social media is always increasing dramatically in†¦show more content†¦A significant measurement of such a structural culture is communication, a particularly channel of communication and investigation (Marsick Watkins, 1999), this mean such employees join forces by sharing other employees feedback and asking for it in return which built trust. The use of Social media also comprises education through online communication from others. Therefore, sharing knowledge and social interaction rely on two things, inquiry and also culture of dialogue that interacts with social media. Equated too learning perspectives, workforces in the work environment have additional power above their personal on-site learning (Berings, Poell, Simons, 2008). In learning circumstances, strategic verdicts are often what proceeds to the professor; also dissimilarity, novices at the place of work ought to supplementary prospects to decide on the learning accomplishments that they play a part of. The action of learning creates events because individuals implement command to acquire knowledge (Berings, Poell, Simons, 2008). There are multiple varieties regarding a workers education events remained distinguished knowledge beyond shared communication, knowledge through using important innovative for their career, knowledge through philosophy instead of through regulation, knowledge thru undertaking an individual’s unvarying occupation in addition to knowledge via

Homlessness in the US Free Essays

In the two studies I reviewed, both pertained to school aged homeless children. Both studies were conducted to determine the need for a better education for these children. The first study I reviewed was called, Sheltered homeless children: Their eligibility and unmet need for special education evaluations. We will write a custom essay sample on Homlessness in the US or any similar topic only for you Order Now This study focused on the exploration of unmet need of special education evaluations for homeless children in Los Angeles, California. The second of my studies was called, Cognitive and academic functioning of homeless children compared to housed children. The analyzation focused on the effects of being homeless to a child’s cognitive and academic functioning. Both of the above studies brought about the same basic issue of homeless children having the right to a better education. In both studies it was determined that homeless children, when tested, perform rather poorly in the area of academics. In the first study (Sheltered Homeless Children: Their Eligibility and Unmet Need for Special Education evaluations) homeless shelters were selected randomly and from these families were selected that consisted of one child aged 6 to 12 years. Testing was performed in a quiet place. There were 118 parents and 169 children involved in the study. The parents were asked questions pertaining to the how and why of homelessness. The homeless children were tested with questions from the RAND Course of Homelessness Study 3. 9, a Behavior Checklist, the Peabody Picture Vocabulary Test, the National Health Service, and the Woodcock-Johnson Language Proficiency Battery Assessment Test. The Peabody Vocabulary picture test was also used in the second study. In the second study (Cognitive and Academic Functioning of Homeless Children compared with Housed Children) the homeless children and their mothers selected for the study were from the Bronx in NY. There were 102 homeless children in the study. They were between the ages of 6-11, around the same age group as the first study; they were sought out of public schools. The housed children were selected randomly for the study. The mothers were asked how and why they became homeless and how long they had been homeless, and if they had a job, as in the study before. The children were all tested with numerous tests pertaining to their academic and cognitive functioning skills. The Raven’s Test, the Peabody Picture Vocabulary Test, the Wide-range Achievement Test, a Child Depression Inventory test, and A maternal Anxiety test were issued to the children. Both of the studies focused on the same issue, that homeless children were not being assessed for their need of assistance with their academics. The first study did not involve children who were not homeless but the second study used them as a control. The second study also focused more on the effects of being homeless leading to anxiety and depression. Both of the studies had determined that homeless children have poorer scores compared to those that are non-homeless, and that they are more developmentally delayed. Both the studies also found that they have a higher rate of learning disabilities. There is also a higher need to assess children who might be eligible for special education services. The findings of the first study imply that there is a high level of unmet need for special education evaluations for homeless children. There should be more procedures conducted to determine one’s eligibility for special education services for the homeless. Also, interventions should be provided for school-aged homeless children from special education professionals, general health care providers, and housing services. The second study suggests that there needs to be more of an effort to educate those that are homeless by academic professors. There needs to be more assessment of special education for these children. The study also touched on the fact that these children are often depressed and have a high rate of anxiety, this should be assessed through counseling services. In both of the studies, society needs to take an interest in helping get these children off the streets in the first place. The main purpose for both of the studies was to examine the impact homelessness has on a child’s academic functional level. In both of the studies it was found that homeless children between the ages of 6-12 scored lower on achievement tests. They also had a higher level of depression and anxiety. Furthermore, they also had an increased rate of learning disabilities and the need for special education evaluations. Society needs to put more of an effort in getting these children off the streets and into a proper home so they can grow more academically and to develop at a typical rate. Academic professionals need to assess their need of assistance with their work and assess a higher need of special education evaluations. Professionals need to understand that these children have a harder time concentrating on their academic material because they are faced with issues like where they are going to sleep tonight instead of 4+3. How to cite Homlessness in the US, Papers

Legal and Regulatory Issues GDP Growth

Question: Discuss about theLegal and Regulatory Issuesfor GDP Growth. Answer: Introduction With the global slowdown and decreased pace of growth of developed nations, emerging economies are now being considered as the popular destinations for setting up and expanding business to earn sustainable profits. As a result, China is looked upon as the economic powerhouse by global firm for investment purposes. Even the expected GDP growth rate of 6.7% projects a promising future thereby luring companies looking to expand at international level.[1] However, with such promising growth prospects, the country is also known for the notoriously stringent legal and regulatory laws and issues that pose many challenges for foreign companies conducting business in China. It is for this reason that World Banks 2015 Doing Business Report placed China at 90th position in world for ease of doing business.[2] The following report highlights the important issues that contribute to the challenges of doing business in China for foreign companies. These issues relate to legal and regulatory requirements that need to be followed by the foreign companies while doing business in China. Economic Overview China is the fastest growing economies of the world with the GDP growth rate of 6.9%. The strength and financial robustness of the economy was evident from its economic activities and rate of growth during the times when the major developed economies were gripped by recession of 2008. As per Price Waterhouse Coopers estimate, China will surpass USA to become the largest economy in world by 2025. Moreover, China was ranked as one of the top three global investment destinations by 77% of the respondents while 80% respondents agreed to have increased their investment, in a survey conducted by the American Chamber of Commerce in China.[3] Along with this, major structure reforms and fiscal and monetary stimulus have been applied and proposed to increase the financial conditions of the country.[4] These factors make China a favourable and prized destination for investment. Challenges of Doing Business in China The following are the major challenges that affect the entry of the business in China.[5] Legal Issues Legality of business is at first hand, without legal orders a company cannot start its business operations in any country. The legislative environment of China is unpredictable. To enter into the Chinese market, business needs to complete the legal formalities. Without legal procedure business cannot start their operation in China. Representation of Business Forms Before entering into Chinese market, organizations need to complete the form filling of representation for business which includes information about the type of business that will be started in China, the cost and profit criteria and the liabilities of business to perform regarding China. If any business fails to fill up the registration form, company cannot hire people and start the promotional strategies on country.[6] Registration and Certification of Company Registration of business in China is an essential part for starting the operation in the market. As per the Food Safety Law in China, products that may be harmful for the society need to be certified before manufacturing. If any product is found out fake, government body can take action and control it. After getting the license, businesses need to report the tax certificate within 30 days.[7] At the same time business need to present the foreign trade registration to operate its business in China. The ISO certificate should also be verified by the Chinese supplier. Intellectual Property Rights Intellectual property right is a big challenge for the companies which are thinking to enter into the Chinese market. Intellectual property of an organization is the real value of business that is considered in non-monetary terms and intangible assets of the company. Intellectual property includes patent, trademark and copyrights that are achieved by the company. Protection of intellectual property is needed for goodwill of the company in Chinese market. These properties help the business expansion in other country, so it should be secured as per the regulation of Chinese government. Both English and Chinese trademarks and copyrights should be registered with the legal authority of China. IP identify and determine the existence of business for long period of time. Intellectual property audit is used to assess the performance of the company and get these rights. Intellectual property right system helps the countries for its economic developments and potential catalyst and social and c ultural benefits.[8] After cooperating with WTO, China stabilized its legal framework of law and regulation of intellectual property. With this, Chinese government took actions towards controlling the piracy of these rights.[9] Chinese government enacted many regulations that cover the protection and safety of companys business in country. Distributors who are seeking to sell their products in China need to register their logos with the trademark office. Copyright law was also enacted to protect this right but it is not required to register, it is voluntarily. Furthermore, Chinese government established a state IP office that issues patent, copyrights and trademarks and it also resolves the issues concerning about these. It also examines the foreign and domestic patents and enforcement of these rights.[10] Local Tax and Import Duties Chinese government has different structure of local tax and import duty so it is a challenge for newly entered organization. Business need to pay local tax as per the regulation of authorities. It can affect the financial index of business. Organization need to pay import duty and value added tax on each imported goods. It is necessary for the new enterprises to take care about local tax and import duties before entering into Chinese market. Labor Law Compliance China enacted a labor law in 2008 that protect the interest of labor. This law is applicable for domestic and foreign employees both. Labor law needs that employee signed with the employer as a contractual term for fixed or open ended termination date. China government has fixed the wages and salary for workers, according to the rules new business need to pay wages to the employees. This law is equally applies on enterprises individual-owned business. Organization need to provide all facilities as mentioned in labor law. According to the law economic developments and skill enhancement opportunities also provided. State Capitalism State capitalism is a political system under which the trade and industries of the country is controlled and rules regulations are enforced on the business. State capitalism of China can highly affect the foreign companies. Better capitalism system can provide the stability as well as growth to newly entered business. On the other hand, an unsupported system can negatively affect the business. Polity of each and every state can support the business in its operation. Capitalist enterprises generate major business in states. It depends on interference of state in private enterprises. Any law passed by states regarding the enterprises can usually impact the efficient running of the business. Chinas private sector is very large that contain the high growth potential with supportive state capitalism. State-Owned Enterprise Chinese economy is marked by high governmental control over the important share of the economy while the private sector operates in the free-market scenario. As a result, state owned enterprises (SOEs) form a major part of Chinese economy. Moreover, investment in key sectors of economy like energy, infrastructure, banking, etc. are open only to such SOEs while industries like manufacturing of consumer goods, restaurants, accommodations, etc. are open for private businesses. As such, SOEs pose major challenges for doing business in China. New business have to face tough competition from SOEs that benefit from cheaper finance available from state-owned banks, favouritism from government bodies and enjoy less stringent rules and regulations.[11] Moreover, Chinas large SOE sector is protected by the central, state and local government and hence is seen as having a monopoly position in key industrial segments. This position allows such SOEs to exploit its stakeholders in terms of supply o f goods, prices, and other aspects. In addition to this, it is claimed that Chinese SOEs often receive financial benefits in terms of non-market based interest rates on loans, bailouts, pricing arrangements, etc.[12] These benefits allow such firms to provide products at highly competitive prices and improve their profitability. This further increases pressure on private firms to reduce their costs. Furthermore, the impending reforms to improve the operational efficiency of SOEs will lead to intense competition to new business. Bureaucracy and Red Tape Bureaucracy of China affects the newly entered business in country. It has become a challenge for the foreign companies to do business in country. This issue arises on sector basis and new rules and regulations are amended to be followed by organizations. Bureaucrats enact regulations for business at different provincial and municipal areas. Furthermore these are the policy maker for private enterprises in country. Foreign Exchange Regulations Foreign exchange contains the regulation for moving of financial transaction from one country to another. Foreign transaction takes place at every organization which is operating in other country so business needs to follow the regulation of China at the time of currency exchange. After tightening the foreign transaction policy, China liberalized the currency exchange procedure for easily transaction. In china peoples bank of china set up the new policies and rules for the credit facility for business, its decision can affect the flow of money for import from china to other country. Restrictions for debts and equities are lifted from the capital account so business can convert currency. Scope of Business Scope of business may become a challenge for the company when it is not compromising with the Chinese market. Business scope plays a vital role in ensuring the success of the business in a country. Each company has scope of its business in the market. Chinese government allows the foreign investors on sector basis as per the requirements of country. So before entering into the Chinese market the scope of the business must be considered for successful operation of business. It would be an extent opportunity for business. Dispute Resolution Any organization is entered in new country, at the time of establishment of business many disputes arises within the organization and outside the organization. The legal system in chinas every state is different so the foreign businesses may not be familiar with the regulation to resolve disputes. To solve the disputes businesses should clearly understand the procedure that van be effectively managed. [13] Conclusion Even though China is a market prized above all, its dynamic and perplexed business environment poses many challenges for foreign investors planning to start their business there. This dynamism is attributed by policy shifts undertaken by the Chinese government, which further creates uncertainties for operating business in the regulatory and legal landscapes. The fundamental challenges related to state owned enterprises, intellectual property rights, bureaucracy, registrations and administration, tax laws, labour compliance laws etc. make it difficult to conduct business in China. This leaves loops holes and gaps in laws related to business regulations. These ambiguities make the legal environment challenging for doing business in China even if the economic environment is poised for growth and backed by legal framework. References [1] Trading Economics, Web site, https://www.tradingeconomics.com/china/gdp-growth-annual/forecast (accessed October 21, 2016). 2 World Bank Group, Doing Business 2015: Going Beyond Efficiency, 12th ed., https://www.doingbusiness.org/~/media/GIAWB/Doing%20Business/Documents/Annual-Reports/English/DB15-Chapters/DB15-Report-Overview.pdf (accessed October 21, 2016). 3 PwC, Doing Business in a Changing China: Seeking similarities, respecting differences, https://www.pwc.com/us/en/view/assets/pwc-view-issue13-doing-business-in-a-changing-china.pdf (accessed October 22, 2016). 4 Millay, Todd, Investing in China: too Big to Ignore, Forbes, August 25, 2016, https://www.forbes.com/sites/toddmillay/2016/08/25/investing-in-china-too-big-to-ignore/#722dd9ba2f47 (accessed October 22, 2016). 5 Hamilton, Stewart and Zhang, Jinxuan, Doing Business With China: Avoiding Pitfalls, UK: Palgrave Macmillan, 2011. 6 Husch BlackWell, Top Eight Legal Issues regarding Entering The China Market, https://www.huschblackwell.com/businessinsights/top-eight-legal-issues-regarding-entering-the-china-market (accessed October 22, 2016). 7 Husch BlackWell 8 Gov.uk, "Overseas Business Risk- China," Foreign and Commonwealth Office, https://www.gov.uk/government/publications/overseas-business-risk-china/overseas-business-risk-china (accessed: October 22, 2016). 9 Husch BlackWell 10 Intellectual property rights protection in China, Web Site, https://www.chinaipr.gov.cn/list/patents/1/cateinfo.html (accessed October 22, 2016). 11 The Economist, State-owned enterprises: Fixing China Inc, August 30, 2014, https://www.economist.com/news/china/21614240-reform-state-companies-back-agenda-fixing-china-inc (accessed October 22, 2016). [1]2 Chen, Hejing and Whalley, John, The state-owned enterprises issue in Chinas prospective trade negotiations, Working Paper 48 (Centre for International Governance Innovation, 2014), https://www.files.ethz.ch/isn/185024/no.48.pdf (accessed October 22, 2016). [1]3 Lieberthal, Kenneth. Managing the China Challenge: How to Achieve Corporate Success in peoples Republic, USA: Brookings Institution Press, 2011.

Myself Essays - Justin Bieber, Usher, Important Of Education

Myself My name is Sheldon Bernard. I was born in the Republic of Trinidad and Tobago; which is located in the Caribbean. I am the third of eight children; five boys and three girls. I did not grow up with my mother, but with my grandmother. As a child I was taught the value of life and the important of education. I was taught that one should live life to its fullest potential and do my best in everything that I do. I was also taught that in showing respect one will receive respect. I was told that honesty will take me far in life and not to envy anyone. I must learn how to love for it is the key of forgiveness. My grandmother also said that without an education I will be nothing. She encourage me to go to school and learn well, for in the future I will need it. There is an old saying ?you can lead a horse to the water but you can?t make him drink.? Did my grandmother words fell on deaf ear? Did I pay close attention to what she was saying? As I grow older, I began think back on what my grandmother said and decided to make a change in my life by educating myself for a better tomorrow. I have come to lean that there is ?no mountain high enough, no valley low enough? by Marvin Gay. Once I have put my mind to learning I will be able to be a winner.

How to Build Your Persuasion Skills and Get What You Want

How to Build Your Persuasion Skills and Get What You Want Whether you’re about to enter an interview situation or would just like generally to be a more persuasive person, there are things you can do to build your likability- and  your ability to get what you want, when you want it. You don’t have to be innately good looking, super social, and super talented to be likable and persuasive. You just need to boost your emotional intelligence and build your persuasion skills. What Great Persuaders Have In CommonThere are some key behaviors that people who get what they want all have.People PleasingKnowing when and how to sacrifice in order to win the  war, rather than every small battle, is an important skill. Good persuaders know  how to give ground to coworkers (even adversaries!) and play the long game by making people happy.Not PushingYou must establish needs and ideas assertively and with confidence, but without being pushy or overly impatient†¦ all while never being mousy or a pushover!Knowing their AudiencePeople who get what they want know how to play to whatever crowd or group they’re  facing, know when to quit or pull back slightly, and learn to paint a specific picture in order to sell an idea.Using Body Language EffectivelySmiling is a secret weapon you should not underestimate- inspiring trust and confidence in your colleagues and managers. But other kinds of body language are helpful as well, such as keeping your arms open and not crossed, leaning in, and making eye contact.ListeningAcknowledging your listener’s point of view, asking intelligent questions, and using their name are all great ways to show your openness to other points of view and your willingness to compromise.Establishing a ConnectionIf you want to make real connections, the best way to do this is to find common ground with the people you speak to and to be genuine, rather than trying to conform to some idea of what you think people want to see or hear from you.How You can Improve Your Skills to Get a J obIf you are facing an interview situation, then there are a few extra tips to prove (and practice) your persuasiveness.Determine Whether You’re Thinking or FeelingDecide based on your interviewer whether it would be most beneficial to preface what you’re saying with â€Å"I think† or â€Å"I feel.† Research shows this makes a difference depending on how the person you are speaking to is oriented, with most analytical/cognitive-oriented people being more susceptible to thought/task-oriented language.Think of Yourself a Product to PitchRemember that an interview is a sales pitch. Don’t just rely on rehashing your experience. Find a way to market and sell yourself. Try recording three unique selling points, or your brand, that you want your interviewer to remember after you leave. Never offer a standard answer when you could tailor your answer to be more relevant to your interviewer’s business and their experience. Speak with passion and youâ €™ve got yourself a real sales pitch!Come Armed with KnowledgeDo the homework necessary to be taken as an expert. Research the industry, wield the jargon, and prepare examples of how you would be (because you already have been) effective in dealing with the kinds of problems you might confront in this job.Project ConfidenceRemember that projecting confidence is absolutely crucial to presenting your ideas. The best way to achieve the right degree of confidence is to practice as much as possible, until what you’re saying is automatic and comfortable. Then just remember to breathe regularly to keep your nerves at bay. If you get derailed, just try and mimic the behavior, postures, and tone of the most confident person you know! Eventually, you’ll start to feel as confident as you are acting.

Explain the concept of globalization. Critically discuss the main Essay

Explain the concept of globalization. Critically discuss the main features of globalization - Essay Example Globalisation is also a product of investment and cultural exchange between nations. Although globalisation possesses many economic, social and political benefits it has negative impacts on most global economies as well as the environment e.g. pollution and tampers with the sovereignty of various nations. Globalisation can be divided into five categories; internationalisation, universalisation, modernalisation, liberalisation and respatialisation (Ferendinos, 2009:4; Clayton, 2004: 274-294). Internationalisation portrays globalisation as an aspect of cross-border relationships while liberalisation discusses the aspect of creating open world economy by elimination of interstate movement restrictions among countries. Universalisation views globalisation as a process of distributing a wide range of knowledge and products all over the world. International business aspects such as capitalism and industrialism determine the modernisation aspect of globalisation (Egan, 2005: 559–64). Globalisation increases global economic interdependence. This involves the rise in the sensitivity of individuals and companies on the changes taking place around the global business circle and the measures necessary for curbing possible challenges emanating from such changes. Global dependence can be unilateral i.e. a country depending on the global economy, or bilateral i.e. a country benefitting from the global economy and the global economy benefitting from that country, in return. The free movement of goods created by the globalisation process provides multi-national corporations with an opportunity to establish a global competitive advantage. Globalisation is caused by various factors. The prominent cause of globalisation is the enhancement in technology which most multinational corporations have adopted in a bid to improve production. Technological progression has led to reduced cost of transport as well as communication. The availability of cheap, rapid and reliable communi cation channels is the key to integration of the international capital markets. This nurtures the growth of multinational corporations as they exploit intellectual property efficient in various locations from a central point. The change in lifestyle has also led to increasing demand that makes most enterprises establish branches in other locations. The dimensions of globalisation include economic, political, psychological, sociological, anthropological, geographical and communications. The economic perspective of globalisation focuses on economic drivers such as trade, money, banking, corporations and capital. Economic dimension posits that globalisation has taken the form of an increase in trade liberalisation, expansion of world markets and the increase in the international mobility of capital. This has made many countries to come together under supranational trade unions such as the European Union as well as the formation of multinational institutions such as the World Trade Orga nisation (Ingham, 2004). Economic globalisation has also enabled firms gain the ability to locate their production facilities everywhere in the world. Most of these multinational firms take advantage of globalisation to target less developed countries that provide cheap labour which, in turn, reduces operational costs. Economic globalisation enables multinational corporations to establish their business close to the sources of raw materials, capital, technology and other business components; thus improving

Strategic Human Resouce Management Essay Example | Topics and Well Written Essays - 3000 words

Strategic Human Resouce Management - Essay Example The paper tells that a key component of any working and successful company is a fully established human resource department. This department has the sole responsibility to ensure the provision of the essential component of entrepreneurship, which is labor. The human resource department has the concern to establish organizational activity of bettering the overall performance of the personnel working in the organization. Management in its broad terms entails a critical review of the developments in the company or firm to establish the sections that affect the company growth Thus, with respect to the current developments in Cop Motor Vehicle manufacturers the observable decline in sales, in addition to other internal factors reflecting in Cop Motor Vehicle manufacturers need agent redress from the management. The firm deals with the production of vehicle brands and spare parts. The responsibility to make the key decisions regarding this firm rests on the position of CEO. However, the de cisions that affect the human resources in the firm requires essential evaluation from the human resource department, to establish the measures to address the cause of the decline in sales and losses the firm is facing. Notably, the developments are forcing the CEO of Cop Motor Vehicle manufacturers to take drastic measures on the programs established by the human resource management department to develop the workforce for better performance of the firm. However, before taking such a measure, it is essential to evaluate the consequential impact of this decision on the firm and its eventual performance. This entails evaluating the advantages and disadvantages of the decision to cut on the expenditures of the company on employee training and development, as well as, the other elements associated with the decision. Cop Motor Vehicle manufacturers have over 40 hands-on employees, 4 supervisors, and heads of the various departments, in addition to Chief Executive Officer. The stakes in t he training program entail the various sponsors for the training, the development managers and the clients who are the employees. In this case, Cop Motor Vehicle manufacturers rely significantly on the role and input of the employees in the production process. Therefore, it is notable that sales decline are a result, which most likely emanates from the employees directly.

Slavery Was a Discriminative Vice That Affected the Blacks and Scots Research Paper

Slavery Was a Discriminative Vice That Affected the Blacks and Scots in England - Research Paper Example Even after the independence of the native countries, the slaves would still serve in the Britain industries. This is an evident trend across the majority of the western nations. The existence of these slaves brought subsequent generations that entailed racial and cultural diversity. This phenomenon has revealed trends of stereotypes and diversities amongst ethnic groups in society. Majority of the blacks still appear as slaves to the recent day3. Usherwood explores this trend in his article. He uses his legal expertise to advocate for the complete abolition of slavery in western nations. Slavery is a historical phenomenon that manifests intense persistence in modern society. Slave trade and immigration from Africa was an antique event4. However, its ramifications are still evident in the modern day. The trends of slavery have survived antiquity and infiltrated to the current society. This is due to the political perspective of slavery. Most nations viewed slavery as a positive featur e in society5. Therefore, policies would be implemented for the existence and advocacy of slavery. This would occur in the western governments due to their power over the colonial subjects. It would also occur in these nations due to the cheap labor6. These were major factors that posed a major difficulty in the abolishment of slavery. Therefore, slavery trends are still existent after the historical events of immigration and the slave trade. The initiation of the slavery abolition was evident in a court of law. Lord Chief Justice ordered for a release of slaves in England7. This would be a challenging process, but the legal system still pursued it. In this time, the legal system ordered all the slave owners to set them free and settle their compensations in harmony. This court order was not a congruent move with the majority of the slave masters in society.

Legal And Ethical Aspects Of Social Care

Legal And Ethical Aspects Of Social Care This essay will discuss the students role within a residential care home in relation to legal and ethical aspects of health and social care. The essay will be looking at legislation that is in place to protect both the residents and staff of the home which is run for the care of young children. This will also look at values and ethics and why they are important. This will then go on to discuss the students role as a support worker and their duties towards the residents. This essay will also look at ethics and values and how we learn these throughout our lives. Ethics is about making commitment towards positive values to help with the well being of the individuals within the society Warnock (19980) cited in (Banks 2006). Ethics refers to beliefs and value system to moral community, social and professionals groups.   To live in the society and to have flourishing people within the society individuals must have rules and regulations in place so that people can be prevented from any kind of harm and so that they can live a healthy life style. Ethics promotes education and training to assist individuals to develop the skills needed to compete and to achieve the response for moral action. Warnock (19980) cited in (Banks 2006) states that are three types of ethics and these are Metaethics which relates to moral judgement, it comprises of critical and analytical thinking of whether something is good, right or duty. Normative ethics is about morals; it attempts to find answers for problems for example the morally right of action in some cases cou ld be if an individual is a morally good human being or if lying is always wrong.   Descriptive ethics is about individuals moral opinions, beliefs and how people would react with certain issues. For example in Britain people always morally believe that abortion is wrong. Values are about the standards of evil and good and they govern peoples choices and behaviour.   Peoples values are derived from the government and the society Timms (1983) cited in Banks (2006).   Values are mostly used to refer to moral cultural, religion, ideological beliefs, attitudes, political, options and preferences.   Values can be regarded as several types of beliefs that individuals hold about what is valuable or worthy. Giddens (1993) cited in Kirby et al (2000) sates that  values can be seen as a fundamental belief that underpins communities, societies and provide general principle for the human behaviour.   Individuals are socialised through the family, community, peer groups, education and mass media.   According to Giddens (1993) cited in Kirby et al (2000) there are two types of socialisation: primary and secondary socialisation.   Primary socialisation is given to the child from parents, grandparents and siblings.   This involves learning the basics of communication and the language the child is born in.   This is the first stage in a lifelong process and the child is taught the basic norms and values. Secondary socialisation is followed on from primary socialisation and this is given through many multiplicities of agencies that involve in secondary socialisation. This is given through education, religion, mass media, peer groups and books.   Children who are socialised will know how to behave and to interact with people from different backgrounds and will learn to become independent and acquire both personal and social identity.      I do voluntary work at a private residential care home which is not a part of the NHS.   The home provides twenty four hour care for young people.   It also has the facilities for an onsite private school, where the young people are provided with an education according to their ability.   Some of the young people have never been to school or have had a fractured education.   The principle teacher plans lessons for each individual young person and provides one to one to support to help them meet their education requirements so that they can achieve one of the five outcomes of every child matters.   These young people are in residential care due to many different circumstances some have suffered abuse, neglect, behavioural problems, misuse of substances and disadvantaged backgrounds. Ethical issues within a work place come in many different forms.   Banks (2006) identified four types of issues that frequently have resulted in ethical problems or dilemmas.   There are issues on public welfare, issues on individual rights and welfare, issues around relationships, boundaries and professional roles. There are many ethical issues within the residential home. My role as a student support worker is to assist the teacher in preparing and delivering lessons to the young people, as these young people have a history of absconding, vandalising and could harm themselves or others, the home has to ensure they are under strict supervision twenty hours a day. During the week l take the young people for various activities, such as going to the gym, swimming, bowling and shopping so that they are given the opportunity to interact and socialise with other members of their community.     While we were at the gym, one of the service users, who is thirteen years old started a conversation about his personal life.   A service user divulge to me that when he absconds from the residential home he goes to see a young woman and has unprotected sex with her, when I questioned him about how old this young women was, he said fifteen years old, I was shocked to discover this and asked him where her parents were when he goes to see her, he told me that her parents were at work and she is on her own.  Ã‚   The service user then asked me to keep this confidential.   I explained that I could not make this promise, as part of my role was to report concerns to qualified staff, if l discovered information which could be potentially dangerous to a service user or other members of the public (REF job description). Therefore I made him no promise as this was an ethical issue, where both these young people were having unprotected sex and were under age. Miller (2000) argues that it is very important to promote anti-discriminatory practice. The advantages of implementing anti-discriminatory practice would be that staff would be able to work together as a team, communicate with each other, improve their practice, would acknowledge any problems or concerns and would agree with each other on appropriate changes.   Team work can provide opportunities to take collective actions based on consensus.   This will look good and benefit the service users.   However if a practice does not promote anti-discriminatory practice it will suffer lack of support from colleagues or management, lack of interest, resources, time and staff.   If staff is unable to communicate with each other they will not be able to provide a good standard of service and as a result service users can leave the practice and go somewhere else where they would feel they are receiving better service. The residential home promotes anti-discriminatory practice and all th e staff communicates and supports each other, because of this it was not difficult for me to approach my manager about this issue, my manger took immediate action to protect both young people.   She made the young womans parents aware of the issue and then contacted the relevant department and reported this incident and also asked me to update the log book, where everything is logged to keep an up to date record. There are many legislations relating to looked after children.   The residential home has to comply with all of them to ensure that the young people are protected and safeguarded.   The childrens Act (1989) was an act to reform the law relating to children in community homes, voluntary homes, residential care homes or any other organisation. The Care Standard Act (2000) is an act to institute a National care Standards Commissions and it replaces the registered Homes act (1984). The National Minimum Standards for Childrens Homes (2000) are the latest standards that the Childrens home should work towards.   The Childrens Homes regulation Act (2001) is an act where OFSTED observe on how the standards and regulations work together in practice.   The Data protection Act (1998) is an act for the service users so that they safeguard the integrity of the young people, other workers and clients.   The Protection of Children Act (1999) is an Act where everyone who is involved in work ing with the children has to complete a CRB check to ensure that they are the right people and trusted to work with the young service users. The residential home follows a code of conduct (see appendix) where all employees have to follow the rules and regulations accordingly as it is a guidance for safe working practice for adults who work with young people and children distributed by the government. All members of staff and visitors have to adhere to the policy as to ensure that everyones behaviour constitute a safe practice and which behaviours should be avoided. It aims to ensure that the duty of promoting and safeguarding and wellbeing of the young people is achieved. All staff at the home have duty and are accountable for the ways in which they exercise authority, use resources, manage risk, and how to protect young people and children from physical, sexual and emotional harm. All employees must understand the responsibility of their role and be aware that disciplinary action can be taken against them if these provisions are breached. All employees have access to the confidentiality files and can only be shared with other agency when it is in the best interest of the young person. If for any reason things goes wrong or the children make a complaint through advocacy or social workers, the residential home would be accountable to the OFSTED and any further action would be taken from there. The code of conduct sets clear boundaries between the employees and the service users. (See appendix code of conduct) There are many theories based on how a person should act morally. According to Kant (1948) cited in Edwards (2009) Deontological theory emphasis on moral duty. Kant argues that lying is morally wrong. Kant only believes in telling the truth regardless of what the circumstances and consequences are. Whether it makes someone happy or sad, one should not morally lie For example telling a very critical person that he has not long to live, would be the last thing they want to hear, but on the other hand it will give them a chance to do things as informing their member of family about his last wishes. However Mill (1962) cited in Edwards (2009) Utilitarianism theorist disagrees with Kant, as he argues that acts are morally right if by lying you can make someone happy. For example telling someone that a member of their family died peacefully, although he died with a lot of pain, would make them feel a bit better, however if they reveal that he died in a lot of pain and agony can also jeopardise the relationship with the professionals and they would not trust them. This essay has demonstrated how values and ethics are an important part in peoples lives and how individuals are socialised through primary and secondary socialisation. It has also discussed the students role within a residential care setting and how important it is to follow recognised codes of conduct. The issue of reporting moral or ethical issues, respecting all individuals and maintaining confidentiality at all times has also been addressed. This essay has also looked at different theories and how they can contradict each other. It has also looked at legislation that protects the service user and employee. Working in a care profession you must always make sure that every individual is treated with respect and not to make judgements on anyone regarding their backgrounds, sexuality, race, culture.

Symbols and Symbolism - A Comparison of Nicknames in A Dolls House and Major Barbara :: comparison compare contrast essays

Symbolism of Nicknames in A Doll's House and Major Barbara    The use of nicknames in literature is an important tool in which the author can provide insight into the attitudes of the characters toward each other and to provide illumination as to the nature of specific characters. Two such pieces of literature in which these attitudes and illumination can be evidenced are A Doll's House by Henrik Ibsen and Major Barbara by Bernard Shaw. The attitudes of the characters in A Doll's House, more specifically Torvald Helmer and the maid Anne-Marie, toward Nora can be evidenced with the names by which she is referred. In Major Barbara, the names by which the characters call each other not only show their personal attitudes toward each other, but also provide classical reference by which we can better understand the characters.    In A Doll's House, Torvald Helmer's attitude toward his wife Nora can be seen in the ways in which he refers to her. In line 11 of the first act, we come across the first instance of Torvald's bird references to Nora with "Is that my little lark twittering out there?" This reference is the first of many in which Torvald refers to Nora as a lark. Often this referencing is preceded by diminutive terms such as "little" and "sweet, little." Torvald also refers to Nora as a squirrel, a spendthrift, a songbird, and a goose, these terms also preceded with a diminutive. The significance of this nicknaming is to show Torvald's attitude toward Nora. Torvald sees Nora as small, sweet, unobtrusive and therefore easily controlled. This position is one he would like Nora to continue to occupy. In line 257, Torvald refers to Nora as "my richest treasure" denoting his attitude toward her as his possession.    Nora's nurse, and the nurse of her children as well, Anne-Marie, shows her attitude of Nora as well. In the beginning of the second act, we find Nora in a conversation with Anne-Marie in which Anne-Marie refers to Nora as "Miss Nora," "little Nora," and "poor little Nora." It seems to everyone that Nora not only acts as a child, but is seen as one as well. It is here we realize it is not only the man being overbearing and keeping the woman in what he sees as her rightful position, but the maid also contributes to the indoctrination.

A Study On Public Transportation Problems Among Students

Teenage. Based on Wisped, public transport means a shared passenger transport service which is available for use by the general public, as distinct from modes such as taxicab, carpooling or hired buses which are not shared by strangers without private arrangement. Most public transport runs to a scheduled timetable with the most frequent services running to a headway. Share taxis offer on-demand services in many parts of the world, and some services will wait until the vehicle is full before it starts. Partisans is sometimes used in areas of low-demand and for people who need a door-to-door service.We ill describe about the background information of our study that is public transportation problems among students in Amelia Teenage. Besides that we also discuss about the objective of our study and the questions that we researched about. These all are commonly surveyed about the topics like the factors, solutions and effects of public transportations problems. At the end of introduction part, there will be the definition of some important terms in our study. There are many colleges and university in Amelia Teenage. For example, Politick Amelia, CCITT Bandannas, I-ITEM Campus Band and Multimedia University.Public transport are usually used by students. Every year, thousands of students from different states come to Amelia to further their study. There is so many hostels provided by every colleges and university for their students. Some of hostels like Politick Amelia are situated far from the academic buildings and other facilities around the campus. This arise problems to those who did not own any transport. They had to walk more than 1 km daily due to far distance from student hostels to lecture buildings and other facilities around the campus.They also need to face unpredictable weather conditions. The hectic daily schedule made the students have to walk back and forth to different block for the entire day. We wanted to do this research to find out the problems of transportation faced by students and the solutions of the problem. PROBLEM STATEMENT. Public transportation is a shared passenger transport service which is available for use by the general public, as distinct from modes such as taxicab, train or hired buses which are not shared by strangers without private arrangement.Most public transport runs to a scheduled timetable with the most frequent services running to a headway. Public transport revises can be profit-driven by use of pay-by-the-distance fares or funded by government subsidies in which flat rate fares are charged to each passenger. This is the method used by the public transport system in the whole world. But in Malaysia, there is a state that is still not so strong public transport system, especially the developing state like Amelia. Amelia have several districts, we note that advanced districts such as Amelia Teenage and focus on student PIT.In Amelia Teenage, students PIT have a problem of public transport are slow i n their place, so this problem cause they often arrive late o class and doing the learning. It will also lead to decreased performance of their learning and will make trainers looked oblique to them. General Objective Identifying the public transportation problems among PIT students in Amelia Specific Objective Identifying the effects Of public transportations towards the students. Find out the solution to overcome the transportation problems.RESEARCH QUESTION 1) Why does the public transportation's problems effect the PIT students in Amelia Teenage? 2) What is the benefits of using public transportation instead of using their own transportation? ) What kind of solution that could overcome the transportation problems that are going through by the students? Research scope is investigating and finding out the outcome of the process and the methodology. The research scope can be limited by the number of partial pants. We are focusing on PIT students in Amelia Teenage such as Politick A melia, CCITT Bandannas and, U TEM Campus Band and Multimedia University.This is because there are many students that live outside the area Malice that may not bring their own transportation and so that causes many problems to them. We choose the students to be our participants in Business Research because we were having the problems too with the transportation and thus we want to finding out some suggestion to be brought forward. Limitations and Delimitation's:- The limitations or delimitation's are the inherent design or methodology parameters that could restrict the scope of the research findings and are out of the control of the researcher.These reservations, qualifications or weaknesses arise when all variables cannot be controlled within a project design or the optimum number of samples that cannot be taken due to time r budgetary constraints. Our limitations to finishing up the Business Research project is that we are busy with our classes and COUld not find time to meet the p articipants and doing our research regarding our topic. Contributions:- We hope we could come out with some suggestions in order to help the students like us overcome the kind of problems related with transportation.The overall objective of this report is to study the effects of transportation to students in Amelia center. Some research taken from other countries, but the intention is to understand the situation in the country, which would armorial be based on domestic investigations. Studies on transport and the drivers often informal and thus we get a conference report and consult a famous investigator and director of the research program in this field, but it is unlikely that the big picture related literature has found.In addition, although there are some population surveys that offer great insight into the issues at hand, some have become dated and increasingly concerned because there is a long-term and sometimes fast-changing trends in the use of public transport vehicles. Thi s trend ARQ rises forecasting techniques to determine a umber of issues for the next few decades, a dangerous and uncertain at best, and not a substitute for ongoing data collection to assess students.While the car which controls the use of transportation for most Americans, young and old, men and women, we have tried to review some of the literature that is less rapidly in other transport modes. Among the shed el provided here is from unpublished data authors', and who will be given special attention. The current literature is very limited especially with respect to radishes. The types of research that have been done have typically focused on transit. Most studies on radishes have focused on qualitative reporting or used fewer variables and therefore are limited in their scope.It is also not surprising that most transit agencies or radishes organizations have tended to rely on rules of thumb, intuition, or less technical methods for estimating fare elasticity. However, some of the most recent studies such as the Contesters and the Center for Urban Transportation Research (CUT R) study in the Upset Sound area used employer data to estimate the impact of Panola fares and other factors to estimate mode shifts. This research study sakes off from this background by reconciling with the Linsang and Pam bus study as it applies to pompanos.It also makes advances by adding several regional observations including Arid. The goal of the study is to provide both disaggregated and aggregated measurements of fare elasticity of radishes. The stud's quantitative analysis was done by a multiple regression and logic model approach. Similarly, a qualitative analysis was done using the point elasticity approach. Public transport by bus is the mainstay of the transportation system in an economy(Garlic et al. 011 Although modes of ravel in most developed countries are increasingly dependent on the car (see Banister and Bergmann 2000), causing a down-ward trend in demand for transpo rt in most industrial economies, public transport busy remains an important mode of transportation. Bus transport services are provided by public, private or mixed corporations in a highly regulated environment. In addition, important constituents of the transport infrastructure are essentially (semi-)public goods.Therefore, there are economic reasons for a significant degree of gastrointestinal in this area, mainly based on the cognition of a variety of market fail-urges (e. G. , Kerosene 1996). Over the last two decades, serious concerns about postoperatively failures have resulted in a reassessment of the role of government in organizing this sector (Glassier et al. 1990). In view of these concerns, it is of great interest to investigate whether public transport operators work in a technically efficient manner (e. G. , achieve economic goals such as minimizing costs or maximizing output).An effective and solid measure of efficiency can make a significant contribution to the discu ssion of the relative merriest the supply of public and The other that, frontier methods have found private transport services. Their way into the transport sector, and studies on the productivity and efficiency of almost all transport modes are now available in the literature. A comprehensive study of parametric Andean-parametric frontier methods empirical findings for urban public transport has been published by De Berger et al. (2002). Our study presented below attempts to fill a gap in the available literature.While an overview of the pioneering studies on public transport operators has recently appeared (e. G. , von Hirsuteness and Calculations), thorough investigation of frontier methods and empirical results for public transport of the sass is not yet available. This paper is complementary to De Berger, with a different classification technique and study period. This last study is an overview of studies published during thesis. Moreover, it is an analysis of frontier studies. This paper research is based unworn published during the sass'.We use criteria to select, classify and analyses the studies in this research. In this paper, we use the classification scheme technique to study the papers selected. Thus, is the De Berger et al. (2002) has an influence on atelier studies of public transport efficiency. The objective of this paper is to provide a comprehensive literature review of public transport efficiency and describe the different adopted approaches and methods. Let also evaluates the contributions of frontier analysis as a way to understand performance of public transport.The rest of paper is organized as follows: the next section aims to define central concepts and details the methodologies of performance and technical efficaciousness. Section 3 deals with the methodological approach and discussion of research procedures of the literature. RESEARCH METHODOLOGY. Research methodology is a way to find out the result of a given problem on a specific matter or problem that is also referred as research problem. Len Methodology, researcher uses different criteria for solving/searching the given research problem. Different sources use different type of methods for solving the problem. F we think about the word â€Å"Methodology†, it is the way of searching or solving the research problem and it's the process used to collect information and data for the purpose finking business decisions. The methodology may incompatibilities research, interviews, sinuses and other charitableness's, and could include both present and historical information. We are collecting two types of data known as: QUANTITATIVE DATA : is information about quantities that is information that can be measured and written down with number,Some examples of quantitative data are your height,your shoe size,and the length of fingernails.QUALITATIVE DATA : is information about qualities information that can't actually be measured, some example of qualitative data are the softens of skin,grace with which run,and the color of your eyes. However, try telling Photos you can't measure color with numbers. In our research we are use quantitative and qualitative research: Quantitative research contains word quantity something that can be counted. So quantitative research includes any research methods that produce hard numbers which can be turned into statistics.Quantitative research methods answer questions beginning with words like when,where,how many,and how often. Quantitative research methods including surveys and controlled experiments. The evidence gathered through these methods can then be used in mathematical models to identify trends,or predict future performance. Qualitative research can tell you when,where and how often things happen,qualitative research looks at the why and how-Qualitative research produces ,notes,and descriptions of behavior and motivation. Research methods in this category include: For this part, we get the information from the participants.They are the PIT students around of Amelia Teenage which are around 18-25 years old. The respondents were randomly selected from varies faculties and courses and grouped according to their years of study . About 100 of the respondents we are chose randomly. We agreed to use some methods for this part of study which is interview, observation and questionnaire. To identify the type of problems of transportation in Amelia Teenage that is faced by PIT students to attend class and to investigate the effects of public transportation among of PIT students in Amelia Teenage.

Datalink layer essays

Datalink layer essays 2.0 PURPOSE Networking, are becoming essential and common in computer communication in small business, big companies and even home network. Networking is two or more computers linked together using communication medium and run by hardware and software components. The data communication is broken down into several tasks, where one is built over the other. These tasks are handled by entity which interacts with adjacent entity, for example the lower entity support the upper entity. These entities are listed below: 1. Application layer generates data to be transmitted 2. Presentation layer accepts messages generated by the application layer. 3. Session layer to set up dialogue between 1 applications 4. Transport layer ensures all messages are delivered correctly 5. Network layer responsible for collecting and routing the data 6. Data Link layer prepare messages for physical transporting 7. Physical layer transmitting data over the communication medium The seven layer of entity is called open systems interconnection (OSI) model. The OSI model allows communication between different types of computer systems. This assignment focuses on the 2nd layer of the OSI model, how it interacts with adjacent layers, purpose of the layerfunctionality of the layer, protocols and hardware. 2.0 Purpose According Forouzan 2003 data links layer hold a vital role as a second layer in the open standard interconnect (OSI) model. It transmitted information from layer 3 and received data from layer 1.It primary function is to pass a data message to another network or node. Data Link layer work as a filter that check and label wether the data can be send or receive from the next layer. The data link layer also must ensure that the incoming data arrive exactly like it was transmitted by the sender. If the data is corr...

Ffdfd Essay Example

Ffdfd Essay Example Ffdfd Essay Ffdfd Essay Tractors: MILLAT TRACTORS LIMITED Analysis of Financial Statements Financial Year 2004 Financial Year 2010 July 27, 2011 RECORDER REPORT 0 Comments Millat Tractors Limited (MTL) was established in 1964 to introduce and market Massey Ferguson (MF) Tractors in Pakistan. An assembly plant was set up in 1967 to assemble tractors in semi-knocked down (SKD) condition. The company was nationalized under Economic Reforms Order in 1972 and started assembling and marketing tractors on behalf of Pakistan Tractor Corporation (PTC), which was formed by the Government for import of tractors in SKD condition. In 1980, the Government decided to produce indigenous tractors and entrusted this task to PTC. In 1981, the MTL took over this task. This was the turning point in the companys history and it went about the task methodically and rapidly. Just in one years time, the company took a giant step towards self-reliance by setting up the first engine assembly plant in Pakistan. The MTL made a strategic decision right in the beginning to bring those manufacturing facilities in-house for which capabilities did not exist in the country and for parts, which required high precision and investment. Therefore, in 1984, sophisticated manufacturing facilities for the machining of intricate components were set up. Currently, critical components like engine blocks, sump, transmission case, axle housing, hydraulic lift cover, front axle support and centre housing are all being machined most successfully in-house at MTL from local sourced castings. In 1992, the company was privatised. The employees joined hands and took over the management by winning an open bid. To maintain its leadership role in tractor manufacturing in the country, the MTL continues to look towards future, to identify and exploit new opportunities and to consolidate existing ones. The Tractor Assembly Plant is part of this philosophy. The plant started its production in 1992. The establishment of this modern plant not only increased production capacity to 16,000 tractors per year on a single shift basis, but also provided a quantum jump to the quality of the assembled tractors and pushed the MTL into the ranks of the major tractor manufacturing companies of the world. : In 1993, MTL also acquired the management control of Bolan Castings Limited (a Public Limited Company specializing in intricate automotive castings) in partnership with employees of the company, in 1993. The company established a new company named Millat Industrial Products (Pvt) Limited to manufacture quality automotive batteries, thus enabling the Millat Group to capture the efficiencies associated with vertical integration. In addition, the Millat Group comprises of Bolan Castings Ltd. , which produces thin walled castings such as engine block, cylinder head, centre housing etc. Also, Millat Equipment Ltd. produces gears and shafts of international standard for tractors. However, these subsidiaries contributed 1. 18% to MTLs consolidated net sales and 8. 15% to consolidated profit after taxation in FY10 (1. 14% and 6. 50% respectively in FY09). Due to low contribution to consolidated MTL performance, the financial analysis in this report is based on MTLs standalone tractor operations. Recent results (1Q11) The company achieved a sales volume of 29,718 Tractors in these nine months as against 28,939 tractors for the corresponding period of last year, showing an increase of 2. %. During current period, 30,638 Tractors were produced as compared to 29,865 tractors for corresponding period last year, showing an increase of 2. 6%. distribution and marketing expenses actually declined to Rs 431 million as compared to Rs 500 million, while the administrative expenses increased. Operating profit was slightly higher at Rs 2. 3 billion as compared to Rs 2. 2 billion in the same period last year. Other operating income was however higher by 60. 8%, thus pushing the overall income higher. Pre-tax profit for nine months amounted to Rs 2,594. 1 million as compared to Rs 2,355. million of the corresponding period of previous year showing an increase of 10. 2%. Profit after tax increased to 1,807. 2 million from 1,609. 5 million of the corresponding period of previous year, showing an increase of 12. 28%. EPS was recorded at Rs 49. 37 as compared to Rs 43. 97 the same period last year. A new high-spec tractor model in 50hp range the MF-350, was developed for the small to medium sized farmers. The product was well received and was highly appreciated by the farming community due to its improved features such as power steering, oil immersed disc-brakes, heavy duty straddle axle etc. With the inclusion of this new model, Millat now offers a range of six tractor models that best suit our agro-climatic conditions, size of farms and buying capacities of the farmers. Presently, MTL has the highest deletion level of 90% and 55% in low engine and high engine capacity tractors respectively. The lower deletion level in high engine capacity tractors still makes it susceptible to exchange rate fluctuations. In the wake of appreciation, the company is therefore at a greater advantage and vice versa. Millat Tractors has the potential to export the tractors but is restricted because of the agreement with their principals M/s AGCO. RECENT PERFORMANCE (FY10) Net sales increased by 39. 53% from Rs 15. 91 billion in FY09 to Rs 22. 20 billion in FY10. This was due to the increased production of tractors, which enabled Millat tractors to fulfil the unmet demand for tractors in the market. This was a significant achievement for Millat Tractors, as its major competitor, Al-Ghazi Tractors, did not witness any significant increase in sales due to restricted production capacity. The demand for tractors rose due to government support schemes like the Benazir Tractor Scheme. Cost of sales increased by 36. 03% from Rs 13. 0 billion in FY09 to Rs 18. 37 billion in FY10, due the depreciation of PKR against JPY, USD and GBP over July 2009-June 2010. This, coupled with the rise in steel prices, negatively impacted the margins of auto manufacturers and assemblers who import steel and the required components from Japan or elsewhere. With major imports of CKD kits coming from UK, the gross profit of the company is directly related to the Pound Sterling to Rupee price movement and leaves the company susceptible to changes in exchange rate. This resulted in a net 59. 15% increase in gross profit, from Rs 2. 1 billion in FY09 to Rs 3. 83 billion in FY10. Millat Tractors also managed to boost its fundamentals in the operating expenses category, allowing a minor 5. 71% increase in distribution and administrative expenses. Thus the operating profit increased by a large 79. 04%, from Rs 1. 76 billion in FY09 to Rs 3. 14 billion in FY10. Other operating income greatly increased by 126. 47% mainly due to increase in gain on sales of short-term investments. Other operating expenses increased by 52. 54% due to investment in workers profit participation fund. Thus an 86. 1% increase was recorded in the EBIT from Rs 1. 79 billion in FY09 to Rs 3. 35 billion in FY10. Finance cost decreased by 76. 15% due to settlement of short term borrowing from banks, leading to a marked reduction in finance cost. However, taxation incr eased by 95. 85% due to imposition of 17% Value Added Tax on local tractor sales. Thus the profit after taxation increased by 88. 01%, from Rs 1. 22 billion in FY09 to Rs 2. 28 billion in FY10. A lesser increase was witnessed in the earnings per share, which increased by 50. 40% from Rs 51. 87 per share in FY09 to Rs 78. 01 per share in FY10. Market comparison The demand for tractors increased significantly in the year 2009-10. The industry booked a total of 74,000 units as against 40,836 units booked in the preceding year, thus registering an increase of 81%. Federal and Provincial tractor schemes and better support prices of crops, especially wheat and rice, were the main contributing factors towards increase in demand. However, the governments role as not entirely supportive of the industry as import of tractors was allowed free of taxes or duties while the local industry was subject to tariffs under the Tariff Based System. However, despite these odds, Millat Tractors continued to dominate the market and retained its market share. At present there are two tractor companies in Pakistan, which are involved in manufacturing of indigenized tractors: a local company, Millat Tractors Limited, which produces Massey Ferguson Tractors under franchise from AGCO; and Al-Ghazi Tractors Limited which is an entity of a foreign UAE-based Group Al-Futtaim purchased under privatisation in 1992 and manufacturing Fiat New Holland tractors. Millat Tractors possesses 57% of the market share while the rest 43% is held by Al-Ghazi Tractors. The production capacity of each company is currently 30,000 tractors per annum, although Millat Tractors achieves this capacity in double shifts whereas Al-Ghazi Tractors needs to employ a single shift only, due to its larger plant size. In the past, both the companies had failed to meet the supply against increasing demand and the limited capacity of production resulted into abnormal delay in deliveries to the farmers. Thus in FY10, Millat Tractors adopted the policy of working on overtime schedules, to meet the high demand, resulting in a significant increase in sales and profitability from 29,785 tractors produced in FY09 to 40,177 tractors produced in FY10. The sales statistics in terms of the number of tractors similarly increased from 30,234 to 40,080. However, the major competitor, Al-Ghazi Tractors, did not manage to increase its production, where production marginally from 30,183 units in FY09 to 31,430 units in FY10. The market comparison ratios are based on the financial statements of Millat Tractors and Al-Ghazi Tractors for FY10. The financial year of Millat Tractors ended on 30th June 2010, whereas Al-Ghazi Tractors ended its financial year on 31st December 2010. Hence this market comparison is only indicative as the companies may have been subject to different market conditions over their respective periods under review. The profitability ratios show that Millat Tractors achieved a 17. 27 gross profit margin in FY10, compared to 18. 51 of the industry average. This indicates that Millat Tractors is achieving its profit margins satisfactorily, although its competitor Al-Ghazi Tractors is better able to manage its cost of goods sold. The net profit margin of Millat Tractors is similarly slightly lower at 10. 29 compared to 11. 54 prevalent in the industry. Return on assets for Millat Tractors is also lower at 19. 42, compared to the 22. 16 industry average. This means that Millat Tractors is not fully deploying its assets to generate the maximum amount of sales. However, return on equity is much higher at 54. 49 compared to 42. 5 industry average. This is because Millat Tractors has a much lower proportion of equity in its equity-liabilities structure, and coupled with an impressive profitability performance, this gives rise to a high return on equity. The current ratio of Millat Tractors is lower at 1. 40 compared to 3. 57 for the industry. This is because Al-Ghazi Tractors has much lower amount of trade payables, Rs 1. 24 billion, compared to Rs 7. 48 billion of trade payables on Millat Tractors balance sheet. However, since the current ratio of Millat Tractors is higher than the benchmark of 1. 0, it means that Millat has a sound liquidity position and unlike Al-Ghazi, it does not hold excess current assets on its balance sheet. The inventory turnover of Millat Tractors at 40. 15 days is higher than the industry average of 33. 01 days. This indicates that inventory management at Millat Tractors is poorer, thus requiring more number of days to sell the entire inventory stock on hand. However, this can be expected with Millat Tractors approach of meeting the unmet demand for locally manufactured tractors. The day sales outstanding for Millat Tractors is also higher at 7. 37 days compared to 6. 7 days for the industry, due to the higher trade debts of Rs 454 million fort Millat, compared to Rs 364 million for Al-Ghazi. This implies poorer receivables management at Millat, although the higher receivables are to be antic ipated in line with Millats higher sales. Overall, the operating cycle at Millat was recorded at 47. 52 days, compared to 39. 88 days for the industry. Total asset turnover for Millat Tractors was slightly lower at 1. 89 compared to 1. 92 for the industry, implying that Millat has yet to achieve the high sales turnover in line its investments in assets. However, sales to equity ratio for Millat is 5. 0, higher than the industry average of 3. 83. This is to be noted in connection with the fact that the equity-liabilities breakup of Millat is Rs 4. 19-7. 57 billion whereas Al-Ghazi employs Rs 6. 36-1. 30 billion of equity-liabilities. Thus the lower proportion of equity and high sales at Millat Tractors enables it to enjoy a high sales to equity ratio and this indicates a proper utilization of equity investment to generate the healthy sales turnover. The debt to asset ratio at Millat is higher at 64. 37 compared to 40. 69 for the industry, hence the industry can be deemed to be able t o meet its debt bligations in a better manner, compared to Millat. Similarly, the debt to equity ratio is higher at 1. 81 compared to 1. 01 prevalent in the industry. However, this implies the usage of more leverage at Millat Tractors, which is a positive indicator of being able to generate a high return for investors. Times interest earned for Millat Tractors is consequently lower at 352. 30 compare to 1271. 86 for the industry, due to the employment of Rs 10. 29 billion security deposits borrowing whereas AL-Ghazi does not employ any borrowings. However, Millats long term debt to equity ratio is lower at 0. 3 compared to 0. 51 for the industry, implying that the greater proportion of Millats debt is in the category of current liabilities. In line with its impressive profitability performance in FY10, Millat achieved higher earnings per share of Rs 78. 01 per share compared to Rs 61. 24 for the industry. The positive indicators of profitability performance were accordingly transmit ted to the market, hence the market price for MTL stock averaged at Rs 395. 97 per share in FY10, compared to Rs 306. 30 per share for the industry. The price earnings ratio for Millat was also slightly higher at 5. 08 compared to 4. 8 for the industry, indicating that the strong position as the market leader was greatly reflected in the share price of MTL stock. Millats profits were reflected in the dividend per share, which was recorded at Rs 65. 00 per share compared to Rs 43. 75 per share for the industry. However, the book value per share was lower for Millat Tractors at Rs 143. 16 per share compared to an industry average of Rs 219. 92 per share. This was due to a higher total shareholders equity at Al-Ghazi Tractors of Rs 6. 36 billion compared to only 21,468,200 shares, whereas at Millat the figures were Rs 4. 9 billion of equity with 29,284,400 shares. Stock performance Stock returns of weekly continuously-compounded returns over January-December 2010 shows that the standar d deviation of these stock returns is fairly high at 5. 83%. The future stock returns are expected to vary with a standard deviation of 5. 83%: this is to be expected from MTLs high capital gain and healthy dividend payout stock. In addition, the stock price has consistently exhibited an increasing trend throughout FY10, which reemphasizes the strong position of Millat Tractors in the tractor industry. Beta analysis of the company stock over Jul09-Jun10 shows that the beta of Millat Tractors is relatively low at 0. 45, as given by the slope of the trend line. This indicates that the stock is not highly reflective of KSE-100 performance. However, this means that the market factors influencing KSE-100 do not greatly impact Millat Tractors and the company is well poised to outperform the market, in line with its strong fundamentals and secure positioning in the tractor industry. Financial analysis (FY04-10) The profitability ratios of Millat Tractors improved significantly over FY09-10. The gross profit margin improved from 15. 4 in FY09 to 17. 27 in FY10 due to the well-managed cost of goods sold, even in the scenario of depreciating PKR and rising steel prices. The net profit margin increased by a larger amount, from 7. 64 in FY09 to 10. 29 in FY10 since the operating expenses were only allowed a 5. 71%, thus preserving the gross profits of the company. Return on assets increased fr om 17. 91 in FY09 to 19. 42 in FY10 on the back of an 88. 01% increase in profit after taxation, compared to a 73. 47% increase in total assets. The increase in assets was driven by an 86. 73% increase in current assets resulting from a 19. 0% increase in stock in trade, 257. 26% increase in trade debts and a 250. 83% increase in short-term investments. Return on equity increased from 36. 05 in FY09 to 54. 49 in FY10 due to the 88. 01 increase in net income, compared to a 24. 37% increase in total equity. The increase in equity resulted from a 57. 70% enhancement in unappropriated profit, pointing to the strengthening bottom-line of the company. The current ratio decreased from 1. 69 in FY09 to 1. 40 in FY10. This was the consequence of an 86. 73% increase in current assets as mentioned above, compared to a 124. 83% increase in current liabilities. Current liabilities mainly increased due to a 139. 60% increase in trade payables. The increase in current assets and current liabilities was the result of higher working capital requirements at Millat Tractors, in order to sustain the 39. 53% increase in sales over FY09-10. Asset management ratios analysis indicates that inventory turnover decreased from 48. 74 days in FY09 to 40. 15 days in FY10 due to 19. 20% increase in stock in trade. Thus the improved bottom-line performance at Millat Tractors was driven by an increase in sales augmented by improved inventory management, as a result of the implementation of IFS software. However, the day sales outstanding increased from 2. 88 days in FY09 to 7. 37 days in FY10 due to the increase of 257. 26% in trade debts. This points to deteriorating receivables management at the company which resulted in more number of days being required to recover trade debts. Overall, the operating cycle decreased from 51. 62 days in FY09 to 47. 52 days in FY09. Total asset turnover decreased from 2. 35 in FY09 to 1. 89 in FY10, indicating that Millat Tractors has yet to generate a sufficiently high sales turnover to justify the 73. 47% increase in the value of total assets portfolio over FY09-FY10. However, the sales to equity ratio improved from 4. 72 in FY09 to 5. 30 in FY10 due to the lesser 24. 37% increase in total equity compared to 73. 47% increase in total assets. Debt to assets increased from 50. 30 in FY09 to 64. 37 in FY10 as a result of the 121. 97% increase in total liabilities compared to 73. 47% increase in total assets. This implies decreasing ability of Millat Tractors to meet its debt obligations, which are mainly in the category of trade payables; trade payables increased by 139. 60% over FY09-10. Similarly, the debt to equity ratio increased by a lesser amount, from 1. 1 in FY09 to 1. 81 in FY10, because the increase in equity was lesser at 24. 37%. While this bodes negative for Millat Tractors, it also indicates that the company is employing a greater amount of leverage in its working capital requirements, which is likely to enhance sales of the company and ultimately generate higher return for investors. In addition, long-term debt to equity decreased from 1. 53 in FY09 to 0. 43 in FY10, since a 65. 17% decrease was recorded in long-term liabilities. This was mainly due to settlement of deferred revenue and decrease in deferred tax liability. However, the times interest earned increased significantly from 44. 09 in FY09 to 352. 30 in FY10 due to the 86. 71% increase in EBIT coupled with the 76. 15% decrease in finance cost. Finance cost decreased due to the settlement of short-term borrowings since the mark-up accrued on short-term borrowings in the current liabilities category also decreased by 42. 87% over FY09-10. The earnings per share of Millat Tractors increased from Rs 51. 87 per share in FY09 to Rs 78. 01 per share in FY10 on the back of high profitability achieved in FY10. The market price per share also exhibited a strong growth from Rs 227. 0 per share in FY09 to Rs 395. 97 per share in FY10. The growth in profits was shared with the stockholders, by increase in cash dividends per share from Rs 45. 00 per share in FY09 to Rs 65. 00 per share in FY10. Thus MTL stock proved to a high capital gains as well as a high dividend payout stock. Thus the price earnings ratio increased from 4. 38 in FY09 to 5. 08 in FY10, as the healthy performance of the company based on strong fundamentals, was reflected in investors perceptions and the market price of the company. However, the book value per share remained almost constant from Rs 143. 88 per share in FY09 to Rs 143. 6 per share in FY10. This was because the increase in total shareholders equity was 24. 37% compared to a 25% increase in total number of outstanding shares over FY09-10. Future outlook Today, Millat Tractors Limited is the leading company that specializes in the manufacturing of tractors, diesel engines, Forklift Trucks, and a range of other agricultural equipments. Presently the market share of MTL hovers around 57% in terms of sales. With a present production capacity of 30,000 tractors, the company plans to expand it to 40,000 in the years to come. Capacity utilization, however, exceeds 150%. Machining capacity of major components is being bolstered along with Double Shift operation to come at par with the ever-growing demand. High price of oil in the international market is creating inflationary pressure in the economy. As a result, the cost of borrowing has become higher than the preceding years. This coupled with worldwide shortage of steel is gradually rendering the company inefficient in terms of manufacturing cost. Furthermore, the GoP has regulated the prices of tractors. This coupled with lower deletion level for new entrant is creating an uneven playing field. However, the proposal to allow local assemblers to increase the price of agricultural tractors is under consideration. This will provide a breather to the company and will consequently augment the company revenue. Worst energy crisis prevailing in the country and lack of skilled manpower are the major risks which are being addressed through standby energy arrangements and in-house training of workforce. The recent natural catastrophe in the form of floods has worsened the conditions and has posed new challenges of rebuilding the infrastructure and rehabilitation of farming community. Development of new products through innovation and diversification remain in focus for continued growth and progress. Millat has made investments in new machining lines for cylinder block and engine head to maintain high quality standards. In addition, implementation of the IFS software means that the procedural automation and visibility brought by IFS would enable Millat to achieve greater production efficiency in future. The support of the government to the agriculture sector in terms of support prices to the local farmers provides greater opportunities for MTL. This enhanced income available to the farmers will not only enable them to buy agricultural inputs, but also educate themselves to modern agricultural practices to improve productivity, which is low compared to international standards. The government policy to encourage corporate farming will also create a demand for the companys products, which could also include higher horse power range of tractors and implements. COURTESY: Economics and Finance Department, Institute of Business Administration, Karachi, prepared this analytical report for Business Recorder. DISCLAIMER: No reliance should be placed on the [above information] by any one for making any financial, investment and business decision. The [above information] is general in nature and has not been prepared for any specific decision making process. [The newspaper] has not independently verified all of the [above information] and has relied on sources that have been deemed reliable in the past. Accordingly, the newspaper or any its staff or sources of information do not bear any liability or responsibility of any consequences for decisions or actions based on the [above information].

Aesthetics Methodology Term Paper Example | Topics and Well Written Essays - 750 words

Aesthetics Methodology - Term Paper Example Next to him is an eroded stone figure that closely resembles him but is perceived differently as a hand holding an egg from which the Daffodil (Narcissus) flower is seen growing. The artist Salvador Dali was a surrealist painter who used a number of styles such as symbolism and imagery to express himself in his paintings According to (Etherington (56), Surrealist was a 20th century visual art and literature movement that expresses the imaginations of the subconscious using juxtaposition, imagery and symbolic figures of the subject matter. After end of World War I, the movement quickly spread and increasingly became popular in the visual arts industry. At the time of the painting in 1937, Surrealism was a popular visual art movement in Europe and Salvador Dali was an important member of the movement. In the â€Å"Metamorphosis of a Narcissus† painting, the artist has used a number of styles and techniques to improve in his artwork. For example a hand painted color photography consisting of different warm colors have been used depict the hallucinatory effects of transformation of Narcissus into a flower. On the other hand, symbolism has also been widely used in the painting with the eggs being used as a symbol of sexuality while the flower is used as a symbol of remembrance, hope and beauty. Similarly, the sight of a dog and ants in the background may have been used to symbolize death and decay that has just taken place after Narcissus pined away. Lastly, the repeated images are a symbol of the relationship between illusion and reality. One of the major sources of the aesthetics of Salvador Dali’s artwork is the effective use of warm color tones to depict the expression and feelings involved during the transformation of Narcissus. For example, the left part of the painting is slightly warmer and the color dies down towards the right side of the painting. Additionally, the chess board helps put a great tough to the artwork particularly because it

Explain the concepts of diversity management and equal opportunities, Essay

Explain the concepts of diversity management and equal opportunities, and discuss possible dilemmas that might occur when firms seek to pursue both a diversity - Essay Example Moreover, the workplace is subject to a staggering array of governmental regulations governing many aspects of the composition, organization, and treatment of the workforce. Before these changes, the workforce is historically divided homogeneously in organisational sub-groups (blue-collar, white-collar, unskilled workers, ethnic sub-groups). However, as the globalisation of the business arena has spawned, labour market discrimination (segmentation) had become a wall that could hamper employees to work effectively. Globalisation has brought about the transformation of demographic patterns. As organisations are becoming the microcosm of society, the government and other sectors have pushed organisations to follow some guidelines in hiring people. Ultimately, globalisation means the internationalisation of the business environment. Multi National Corporations (MNC), therefore, are increasingly taking note of their sinister practices of discrimination and considering the possible advantages of a diversified workforce. According to Beamish, et al. (2003), diversity can refer to many things. However, when it comes to workforce management, it commonly has two meanings, one having to do with numerical composition and one having to do with inclusive behaviour. Most frequently, workforce diversity is thought of in terms of numerical composition. A â€Å"diverse workforce† is one that reflects the many different kinds of people in the community or society, usually meaning men and women of different ethnic origins, educational experiences, professional backgrounds, and so forth. When a firm says it must increase its workforce diversity, it usually means hiring more women and ethnic minorities, or citizens of different countries, and promoting them more fully into all levels of the company. In the UK, Clements (2006) revealed that a recent survey of private sector employment equality practices in