Blue Nile Essay

Question 1. What are some key factors in diamond retailing? How do Blue Nile, Zales, and Tiffany compare on those dimensions? All the companies involved in the diamond market want to have a big share of that market. And, the bigger the share, the company makes bigger revenue. It is very interesting that all three companies (even though they are in the same ‘business’) have different approaches in ‘taking market share’. An important fact is that the companies have a different clientele. The market population is different. The first 2 paragraphs of the case study state a common concern in any industry: do you reduce prices in order to compete with the competition? [research is needed to see and predict the implications of discounts] 2008 is a good year to analyze the situation from all aspects (and to see how our three companies handled the ‘meltdown’). â€Å"As customers tightened their belts and cut back on discretionary spending, high-cost purchases such as diamond jewelry were often the first to be postponed.† Responses are needed. Adjustments are needed. We can segregate the industry in two parts: wholesale and retail sales. Moreover, the price, selection and customization of services are other dimensions that differentiate the companies. Blue Nile – internet base Zales – mall based kiosks (teenagers); working-class mall shoppers; fancier locations (upscale market) Tiffany – high-end products Blue Nile has an advantage due to lower ‘location’ costs. These funds (that would be placed for renting space) can be allocated to additional inventory. This would in turn signify that the company would have a higher selection. Also, having lower markup percentages lowers the price of the diamonds. Moreover, when purchasing from Blue Nile (besides having a low-pressure selling approach), you are also not buying a name/brand (in comparison with buying from Tiffany). It must also be noted that Tiffany started its business in 1837; Zales in 1924; and, Blue Nile in 1999. This history (and all the aspects that the latter comes with) provides different advantages (competitive, brand, customers, types of customers†¦.) [A greater description of the manner in which the three companies are different and differentiate each other is provided in the answers to the following questions] Question 2. What do you think of the fact that Blue Nile carries over 30,000 stones priced at $2,500 or higher while almost 60 % of the products sold from the Tiffany Web site are priced at around $200? Which of the two product categories is better suited to the strengths of the online channel? It must be taken in consideration that Blue Nile is an internet based business. It has not choice but to provide its high priced items on the internet. In comparison, Tiffany also provides a shopping (in store) experience (something that Blue Nile does not have). In order to increase its market share, Tiffany provides lower priced items on the internet. It is true that the client does not have the in-shop experience, but he/she is buying a Tiffany item. [More information is needed, but it is my assumption that Tiffany is focusing a lot on the in-store experience] Which of the two product categories is better suited to the strengths of the online channel? It depends. Blue Nile is only on online. Hence, it has no choice but to increase all the aspects/strengths of online purchasing. The Tiffany’s online ‘department’ is only a small aspect of the company’s business. Even if a customer does not want to have (to purchase) the in-store Tiffany experience, he/she still has the possibility of having a Tiffany item. [These type of customers are not the ‘regular’ ones. Personally, if I do not have the money – purchase as well as travel – and I would like to buy my lady ‘something special’, I would do an internet Tiffany purchase. My lady would be happy (impressed and grateful)†¦Ã¢â‚¬ ¦..because it is Tiffany.] Question 3. Given that Tiffany stores have thrived with their focus on selling high-end jewelry, what do you think of the failure of Zales with its upscale strategy in 2006? New market, new challenges. One important aspect (from the perspective of the customer) is the brand association. Zales already had a name made for itself: working-class clientele and teenagers (â€Å"lower-end reputation†). Once the brand is made, it is very hard to change the perception of it. A lot of energy, time and money need to be allocated in order to change the nature of the brand. Tiffany already had a brand that was associated with high-end jewelry. Tiffany did not need to change its brand (or the perception of it). In order to ‘fix’ the problem, the transition to promotional retailer (discounting inventory), Zales lost a considerable amount. Even though in the long run the fix was beneficial, it was an answer to a problem that the company should not have. Another problem that Zales had was that deliveries were not on time. Question 4. What do you think of Tiffany’s decision to open smaller retail outlets, focusing on high-end products, to reach smaller affluent area in the United States? I believe that this move was beneficial for Tiffany. Having a strong brand, a world known brand, people know what to expect from the company. If a potential client wanted to have the Tiffany experience, the former was able to have it. It is true that the selection was not the same as in the company’s flag store. However, having also the catalog, the smaller retail outlets could very easily have access to the entire inventory. What the clients wants, this is what he/she will have. Also, as stated before, the Tiffany experience is essential to Tiffany’s business. Therefore, having more stores (even though the inventory is not ‘full’) (potential) clients may be drawn to come in and make a purchase. Question 5. Which of the three companies do you think was best structured to deal with the downturn in 2009? Tiffany. The market sector was appropriate for it (high-end). As the case study states: â€Å"As customers tightened their belts and cut back on discretionary spending, high-cost purchases such as diamond jewelry were often the first to be postponed.† However, this is applicable to lower-income customers. The lower the income, the higher the chance that a client would not spend on jewelry. Even though the 2009 downturn affected everyone, the priorities of lower income customers shifted drastically. The higher income customers, (I am making the assumption), were not affected as much. Therefore, instead of buying a 10,000$ ring/bracelet/etc, they could afford a 5,000$ purchase. Moreover, Tiffany had also its own manufacturing facilities. If the rough diamonds (after process) did not meet the desired standards, they were sold to third parties, ensuring additional revenue for the company. Question 6. What advice would you give to each of the three companies regarding their strategy and structure? All three companies were affected by the economic crisis. This is normal. They have to wait for the economic come-back. As stated in the answer of the first question, the three companies have different clientele, different products and different customer experience. Blue Nile I was very impressed by how Blue Nile handled the 1.5 million purchase. Having an internet base company, it reduces certain costs. The 30 days money back guarantee is essential in order to gain (and attract) customers. The lower marked-ups also contribute to lower prices for the clients (thus, attracting even more). Blue Nile brand is already established. It should not have any strategy that could influence negatively the name that it made for itself. Zales Due to its type of customers (lower and middle class), and to the economic problems, Zales has the most to ‘loose’. Moreover, its transit strategy was not appropriate (the reasons were explained earlier). There was a commercial that stated â€Å"Don’t change horses in mid-stream.† Even though adaptability to the environment is crucial in today’s economic system, not knowing how to adapt, and change just for the sake of change, can be (and in Zales’ case was) very destructive. The Zales’ brand was already established. Changing the products without hard work to change the brand, the company will loose ‘face’; clients are disoriented. Tiffany The company is well established. The band is strong. People associate with the brand. They take pride saying that they purchase from Tiffany’s or have goods from Tiffany’s (this is one of the most important aspects). The (majority of the) clientele is more well-off (in comparison with that of the other companies). When buying from Tiffany, a customer does not only buy a good; he/she also buys the experience and the brand. Tiffany should also include higher-end items on their website. However, extensive research on this must be done. The company does not want to ‘dilute’ its brand by providing internet orders. If the brand is not touched by this strategy, then Tiffany should go through with it (by incremental increase of item provided on the internet). All three companies should have a catalog, an internet site (that can receive orders), provide from time to time discounts. Yet, for any strategy (whatever it may be), the specific company should do extensive research in order to calculate the different impacts that a (potential) strategy might have on the company.

Kmf Project

Karnataka State law University. Navanagar, HUBLI – 580 025. ————————————————- Phone: 0836-2222392 Fax: 0836-2223392 ————————————————- Website: www. kslu. ac. in Principles and practices of management PROJECT:- done at KMF ( co-operative society) NAME:- Santosh B. M. CLASS:- B. B. A. ,LL. B(HONS)(1STSEM) R. NO:- 08 DATE:- 20-10-2012 SUBMITED TO:-Mr. Gangadhar G. TABLE OF CONTENTS * INDUSTRIAL PROFILE a) Introduction to co-operative society, ) Background, c) Evolution or development. *COMPANY PROFILEa) Background of company,b) Vision and mission statement society,c) Evolution of KMF,d) Products profile,e) Area of operation,f) Ownership pattern,g) Competitor information,h) Infrastructural facilities,i) Achievement or award if any,j) Future prospectus. *MC KENS Y’S 7s FRAME WORKa) Structure,b) Skill,c) Style,d) Strategy,e) System,f) Staff,g) Share value. *SWOT analysis. * Summary of latest annual report. (a)INTRODUCTION TO CO-OPERATIVE SOCIETYThere is no universally accepted definition of a co-operative. In general, a co-operative is a business owned and democratically controlled by the people who use its services and whose benefits are derived and distributed equitably on the basis of use. The user-owners are called members. They benefit in two ways from the co-operative, in proportion to the use they make of it. First, the more they use the co-operative, the more service they receive. Second, earnings are allocated to members based on the amount of business they do with the co-operative. In many ways, co-operatives resemble other businesses. They have similar physical facilities, perform similar functions and must follow sound business practices. They are usually incorporated- under state law by filing articles of incorporation, granting them the right to do business. The organizers draw up bylaws and other necessary legal papers. Members elect a board of directors. The board sets policy and hires a manager to run the day-to-day operations. But in some ways, co-operatives are distinctly different from other businesses. These differences are found in the co-operative's purpose, its ownership and control, and how benefits are distributed. They are reflected in co-operative principles that explain the unique aspects of doing business on a co-operative basis. CO-OPERATIVE  SOCIETY A  co-operative  society  is  formed  by  the  people  of  limited  means  for  self  help through  mutual help. It is  set  up to  protect  economically  the  poor  sections  of  the  society. It is  set  up  for cooperation,  not  for  competition. The  motto  of a  society  is  self  help,  without  dependence  on other  business  units.DEFINITIONAccording  to  Herrik,†Cooperation  is an  action  of  persons  voluntarily  united  for  utilizing  reciprocally  their  own forces,  resources  or  both  under  mutual  management  for  their  common  profit  or  loss. † According  t o Mr. Plunket, â€Å"The  cooperation  is  self  help  made  effective  by  organization. † Co-operative  SocietyADVANTAGES  OF  CO-OPERATIVE  SOCIETYFollowing  are  the  important  advantages  or  merits  of  co-operative  society:1. Advantage  for  Farmers2. Easy  Formation3. Equal  Rights .4. Equal  Distribution  of  Wealth5. Economic  Democracy .6. Elimination  of  Middlemen7. Financial  Assistance8. Friendly  Relations9. Improve  the  Standard  of  Living.10. Increase  in  EmploymentDISADVANTAGES  OF  CO-OPERATIVE  SOCIETYFollowing  are  the  disadvantages  of  co-operative  societies:1. Lack  of  Capital2. Untrained  Supervision3. Defective  Organization4. Illiterate  and  Ignorant.5. Lack  of  Experience6. Lack  of  Discipline7. Lack  of  Sincere  Management8. Lack  of  Profit  Incentive9. Lack  of  Secrecy10. Lack  of  Knowledge (b)BA CKGROUND AND EVOLUTION OF CO-OPERATIVE SOCIETYIn one sense, cooperation is probably as old as civilization. Early people had to learn to work together to meet their common needs, or perish. The Pilgrims who settled at Plymouth, jointly cleared fields abandoned by the Indians, broke up the soil, and planted and cared for their corn. After the harvest, celebrated with the Indians in 1621 with a Thanks giving fest, the corn was shared equally among the settlers. Legend suggests that the initial structured co-operative business in the United States was the Philadelphia Contribution-ship for the Insurance of Houses from Loss by Fire, a mutual fire insurance company established in 1752. This association's reputation is likely based on two factors. First, Benjamin Franklin was the organizer. Second, the business has been conducted so efficiently over the years that it is still operating today. In the early 1800s, co-operative businesses appeared on several fronts. In Britain, co-operatives were formed as a tool to deal with the depressed economic and social conditions related to the struggles with Napoleon and industrialization. In the United States, farmers began to process their milk into cheese on a co-operative basis in diverse places such as Goshen, CT, and Lake Mills, WI. Writers sometimes trace the origin of co-operatives from the Rochdale Equitable Pioneers' Society, an urban, consumer co-operative organized in England in 1844. It sold consumer goods such as food and clothing to persons unhappy with the merchants in the community    While neither the first nor most successful early co-operative, the Rochdale Society developed an active outreach program, encouraging and assisting others to form co-operatives. It also prepared a written list of practices and policies that seemed consistent with success of such efforts. This list became one of the first sets of co-operative principles, characteristics that distinguish co-operatives from non co-operative businesses. The Grange, founded in 1867, quickly became the major thrust behind agricultural and rural co-operatives in America. In 1874, a Grange representative went to Europe to gather information about co-operatives. In 1875, the Grange published a set of rules for the organization of co-operative stores, based on the Rochdale principles. Local granges organized stores to serve their rural members. They sold groceries and clothing as well as general farm supplies, hardware and agricultural implements. Granges in the South marketed cotton. Those in Iowa operated grain elevators. In Kentucky, they sponsored warehouses for receiving and handling tobacco. California Granges exported wheat and marketed wool. As the country recovered from the depression of the 1870s, fewer Granges were organized and many co-operatives went out of business, but the impact of the Grange co-operative movement survives. It demonstrated that the Rochdale type of co-operative, which handled goods at prevailing prices and distributed net savings according to use, offered a sound basis for co-operative efforts in America. Cooperation flourished during the three decades from 1890 to 1920. As many as 14,000 farmer co-operatives were operating by the end of the period. Co-operative growth was fueled by the wave of other farmer movements and farm organizations sweeping the country, such as the American Society of Equity, National Farmers Union, and the American Farm Bureau Federation. They were engaged in marketing virtually every farm crop and furnishing supplies and services to their producer-members. Many of today's major farmer co-operatives were formed during this period. The following decades have seen farmer co-operatives develop their own financial institutions through the Farm Credit System. Non agricultural co-operatives likewise developed the National Co-operative Bank. With help from the Rural Electrification Administration, rural residents used co-operatives to bring electric and telephone services to their towns and farms. The rural electrics formed the National Rural Electric Co-operative Finance Corporation (CFC) as a supplemental source of financing. Some co-operatives have become larger, partially in response to growing concentration among their competitors and the firms their members must deal with. They have adopted modern management techniques and sophisticated processing, distribution and marketing methods. Today rural and urban residents use co-operatives to acquire consumer services such as housing, credit and other financial services (through credit unions), groceries, education and telecommunications. Franchisees, governmental nits, hardware and grocery stores, florists and numerous other businesses use co-operatives to market their products and secure the supplies they need at competitive prices. (a) BACKGROUND Of KMF Every one in karnataka as well as india knows a bit about ‘  Karnataka Co-operative Milk Producers' Federation Limited' (KMF) is the Single Body in Karnataka represen ting Dairy Farmers' Co-operatives. It is the second largest dairy co-operative amongst the dairy co-operatives in the country. In South India it stands first in terms of procurement as well as sales. One of the core functions of the Federation is marketing of Milk and Milk Products. The Brand  Ã‚  Ã¢â‚¬ËœNANDINI’  is the household name for Pure and Fresh milk and milk products. KMF has 13 Milk Unions throughout the State which procure milk from Primary Dairy Co-operative Societies(DCS) and distribute milk to the consumers in various Towns/Cities/Rural markets in Karnataka. The first ever World Bank funded Dairy Development Program in the country started in Karnataka with the organisation of Village Level Dairy Co-operatives in 1974. The AMUL pattern of dairy co-operatives started functioning in Karnataka from 1974-75 with the financial assistance from World Bank, Operation Flood II ; III. The dairy co-operatives were established under the ANAND pattern in a three tier structure with the Village Level Dairy Co-operatives forming the base level, the District Level Milk Unions at the middle level to take care of the procurement, processing and marketing of milk and the Karnataka Milk Federation as the Apex Body to co-ordinate the growth of the sector at the State level. Coordination of activities among the Unions and developing market for Milk and Milk products is the responsibility of KMF. Marketing Milk in the respective jurisdiction is organized by the respective Milk Unions. Surplus/deficit of liquid milk among the member Milk Unions is monitored by the Federation. While the marketing of all the Milk Products is organized by KMF, both within and outside the State, all the Milk and Milk products are sold under a common brand name NANDINI. (b) MISSION AND VISION OF COMPANY Vision * To march forward with a missionary zeal which will make KMF a trailblazer of exemplary performance and  achievements beckoning other Milk Federations in the country in pursuit of total emulation of its good deeds. To ensure prosperity of the rural Milk producers who are ultimate owners of the Federation. * To promote producer oriented viable co-operative society to impart an impetus to the rural income, dairy productivity and rural employment. * To abridge the gap between price of milk procurement and sale price. * To develop business acumen in marketing and trading disciplines so as to serve consumers with quality milk, give a fillip to the income of milk producers. To compet e with MNCs and Private Dairies with better quality of milk and milk products and in the process sustain invincibility of co-operatives. MISSION * Heralding economic, social and cultural prosperity in the lives of our milk producer  members by promoting vibrant, self-sustaining and holistic co-operative dairy development in Karnataka State (c) Evolution Karnataka Milk Federation which is most popular as KMF, evolved itself as a premier and most profitable dairy farmers' organization in the State of Karnataka. As an agency in 1975 to implement the World Bank Aided Dairy Development Projects, Karnataka Dairy Development Corporation (KDDC) was formed, the company grew itself fast and as it spreads the wings of new found rural economic activity – Dairying all over the State, the genesis of apex co-operative body took the shape of KMF in 1983 encompassing entire State with 13 District Co-operative Milk Unions executing the various parameters of Dairy activity – organization of Dairy Co-operatives, Milk Routes, Veterinary Services, Procurement of milk in two shifts of the day, Chilling, Processing of milk, distribution of milk and also establishment of Cattle Feed Plants, Nandini Sperm Station, Liquid Nitrogen Supply, Training Centres – as its main stay. The entire system was reconstructed on the model of now well known `ANAND' pattern dairy co-operative societies. Eight southern districts of Karnataka was considered initially with a target of organizing 1800 Dairy Co-opera tive Societies, four Milk Unions and processing facilities were set up to the tune of 6. 5 lakhs per day by 1984. Under Operation Flood – II ;III, project which started in 1984 ; 1987 covered the remaining parts of Karnataka. Thirteen milk unions are organized in 175 talukas of all 20 districts then and the field work was extended by organizing more dairy co-operative societies. The processing facilities i. e. hilling centers, milk dairies and powder plants were transferred in phases to the administrative control of respective co-operative milk unions and the activities continued to be implemented by these District Organisations. Additional processing facilities were created ; existing facilities augmented every decade with the help of Govt. / Zilla Panchayat and NDDB to handle ever increasing milk procurement without declaring milk holidays. The processing facility as exists at 32. 25 lakh liters/day is further strengthened. (d) AREA OF OPERATION IN KARNATAKA KARNATAKA MAP I n this Karnataka map we can see the area of operation of K. M. F the symbol is K. M. Fs area of operation in Karnataka. K. M. F is having branches in almost all districts of KARNATAKA UNITS OF KMF KMF has the following Units functioning directly under its control: * Mother Dairy, Yelahanka,Bangalore. * Nandini Hi-Tech Product Plant, Channarayapatna. * Nandini Milk Products, KMF Complex, Bangalore. * Cattle Feed Plants at Rajanukunte/Gubbi/Dharwad/Hassan. * Nandini Sperm Station (formerly known as Bull Breeding Farm ; Frozen Semen Bank) at Hessaraghatta. * Pouch Film Plant at Munnekolalu, Marathhalli. * Central Training Institute,Bangalore ; Traning Institutes at Mysore/Dharwad. * Sales Depots at B'lore,Mysore,M'lore,Hubli,Gulbarga,Tirupathi ; Kannur (e) OWNERSHIP PATTERN Ownership K. M. F is like this a) District co-operative societies (b) National dairy development board (f) PRODUCTS PROFILE Nandini homogenized milk in pure milk which is homgenized And pasteurization consistent right through it gives you more cup of tea and coffee and its easily digestable. Nandini ghee made purely from cows milk and not a dultrated. and good for health Cows pure milk, UHT processed bacteria free in tamper proof tera fino pack . which keep milk fresh upto 60 days without refrigeration until opened , available in 500 ml and also in 1 liter Toned milk from nandini fresh and pure milk containing 3. 0 % fat and 8. 5% snf . available in 500 ml 1 liter . Full ice cream milk from nandini containing 6% fat and 9% SNF a rich creamy and tastier milk for home made sweets. (e) COMPETATORS INFORMATION 1. Arokya milk dairy- it procures most of its milk from milk unions of belgum . it procures 10,000 liter’s of milk every day. It’s located near desur ,near belgum 10 km away from city on NH-4. 2. Mayor dairy – it procures milk from belgum and other regional dirsticts mainly chikkodi, rayabhag ,and athani. Procures more than 25,000 liters daily. its located near kholapur,and supplys milk to all over state. 3. Adity milk dairy – a well known company in north Karnataka and procures milk 25,000 milk (approx) 4. Ram-Rahim milk dairy – this is solely owned small scale rivate company established in1987 with an investment of 2. 28 lack in dharwad (f) FUTURE PROSPECTUS PERSPECTIVE PLAN- 2010 – After the closure of OF-III project. Government of Karnataka and NDDB signed an MOU during February 2000, for further s trengthening the Dairy Development Activities in Karnataka with an outlay of Rs. 250 Crores. Consequent to the announcement of new lending terms and conditions by NDDB through an evolution of an action plan – Perspective 2010 to enable the dairy co-operatives to face the challenges of the increased demand for milk and milk products by focusing efforts in the four major thrust areas of Strengthening the Co-operatives. Enhancing Productivity, Managing Quality and building a National Information Network, plans are under implementation. FUTURE  VISION To consolidate the gains of Dairying achieved in the state of Karnataka and with a view  to efficiently chill, process and market ever developing and increasing milk procurement with an utmost emphasis on the Quality and in the process conserve the socio-economic interests of rural milk producers, the Govt. of Karnataka through KMF has proposed to undertake several projects with financial and technical support of NDDB for which an MOU was signed between Govt. of Karnataka and NDDB on 10th Nov. 2004. (g) THE GROWTH PROCESS The growth over the years and activities undertaken by KMF is summarised briefly hereunder: ITEMS| UNITS| 1976-77| 2011-2012(Up to Mar'12)| 2012-13(Upto Aug'12| Dairy Co-operatives| Nos| 416| 13006 REGED / 11568 Funct|   Ã‚     13242 REGED /11773Funct  Ã‚                          Ã‚  | Membership| Nos| 37000| 21. 51 Lacs|   Ã‚                       21. 84 Lacs| Avg. Milk Procurement| Kgs/day| 50000| Avg. 42. 85  Ã‚  Ã‚  Peak  Proc. 46. 49(Nov'11) LKPD| Avg. 49. 45Peak  Proc. 52. 76(June'12LKPD| Milk Sales| Lts/day| 95050| 28. 90 LLPD / Curd:2. 74 LKPD / Good life   2. 19 LLPD| 28. 18 LLPD / Curd:3. 11 LKPD / Good life   2. 19    LLPD| Cattle Feed Consumed| Kgs/DCS| 220| 2958| 3025| Daily Payment to Farmers| Rs. Lakhs| 0. 90| 785|   Ã‚                             987| Turnover| Rs. Crores| | 5823. 69|   Ã‚                     ———-| World Bank Study – Observations The World Bank, in its study on the effect of Co-operative dairying in Karnataka, has pointed out that : * The villages with Dairy Co-operative Societies are much better off than those without. * The families with dairy cattle are economically better than those without dairy cattle. * Women who had no control on the household income have better control in terms of Milk Money. * A single commodity ? MILK? has acted as a catalyst in the change in the Socio-Economic impact of the rural economy. * There is a positive impact on those at the lower end of the economic ladder both in terms of landholding and caste PART B MC KENSY’S 7S FRAME WORK MC Kensys’s 7s frame work – the 7s is popularly known as mc kensy’s 7s ,because two persons developed this model Tom peter and Robert waterman . they both have been consultants at MC Kensy’s co. At that time they published 7s in their article ‘STRUCTURE IS NOT ORGANISATION’ , in 1980 . ‘ART OF JAPANESE MANAGEMENT’ in 1981,and in ‘IN SEARCH OF EXCELLENCE’ in 1982. Model consists of 7 elements they are distinguished as ‘hard and soft skills’. Hard skills are feasible and easy to understand, soft skills are known by workers department. I. (a) STRUCTURE OF ORGANISATION UNDER BOARD OF MANAGEMENT II. (b) STRATAGY * To achieve national goal K. M. F works a lot to change according to consumer needs and taste. Maintaining consistant growth adn expansion of market all over india. * Tries to stick to stick to plan and achieves objectives. * Maintaining quality of product and acquiring market. III. (c) SYSTEM K . M. F works in a systematic manner in production and in management ,while producing they follow to ways * Maintaining enough inventory. * Well equipped storage facility. * Fast transportation. IV. (e) STAFF – This co-operative society makes use of various principle of staffing and recruitment Other like personel, promotion, induction, salaries, and other benifits to make thir woekers perform well and to extract maximum from their work. V. (f) SKILL Here staff is recruited according to skill , like differentiating between educational skill and hard skills . and they also train their workers for skill development. VI. (g) STYLE K. M. F a specific style of work like it (a) strictly follows rules and regulation (b) co-ordination between workers (c) reliable and dependable VII. (h) SHARED VALUES Some fundamental and core values which are spread and shared in the organisation in KMF they are * Consumer satisfaction, * Commitment to quality, * Cost and time conciseness, * Innovative and creativity, * Trust and team spirit , * Individual respect, * Integrity. PART C S. W. O. T ANALYSIS STRENGHTS * enjoys good market, * Wide distribution, * It has good will, * Enjoys market region * Less transport cost to local areas, * WEAKNESS * Less sales and consumer handling, * Commissions paid is less compared to other brands, * In adequate sales promotional activities, * OPPORTUNITIES * There is scope in new developing areas * Availability of mil k , * Wide area to extract source, * THREATES * Lots of emerging pioneer companies, * Low level of consumer awareness, * Tough competition. ANNUAL REPORT As we can see that annual report of company is quite impressive , and company is performing well. BIBLIOGRAPHY 1. KMF DHARWAD.

Workers compensation claim Assignment Example | Topics and Well Written Essays - 750 words

Workers compensation claim - Assignment Example Employee can claim workers compensation benefits after being injured or when he or she develops a disease that is work related. Not all injuries are covered under Employee Compensation Law even after the injury â€Å"on the job. For it to be covered it must be accidental and arising in the course of carrying out work related duties. The law only protects workers. A genuine relationship between employer and employee must exist. Compensable injury claim must arise out of the employment (Jasper, 2008). Deriving support from Rensing v. Indiana State University (1993) and Coleman v. Western Michigan University (1983) cases it is clear that the student will not prevail in the case on the ground that workers compensation benefit is only available to employees. A student who is a football player who gets injured in the field cannot claim for workers compensation benefits because there is no working relationship between him and the university management. According to the employees, act the student does not meet the legal meaning of an employee. Workers Disability Compensation Act, which defines employees every person providing a service to another under contract of hire or apprenticeship, impress or implied, written or unwritten (Hotchkiss, 2003).The law is not limited to minors or aliens. The law also excludes volunteers. Student in this case is a volunteer since he is not paid any wages after playing football. The student is not regarded as an employee because he is not hired by the school to play football. For compensation to take place, the plaintiff must proof the following: that the company dictates or controls the actions of the employee, that there are rights to discipline or fire an employee. The plaintiff must also prove that payment of wages to cater for living expenses and whether task performed by proposed employee is an essential part of the employers business. The plaintiff cannot

As the international trade and contract law scholars Yeon-Koo Che and Essay

As the international trade and contract law scholars Yeon-Koo Che and Tai-Yeong Chung - Essay Example As noted by Todd, the sale of goods contract functions to articulate the conditions of a particular transaction and elucidate its particularities, from the description of the goods being sold to the place and time of delivery.2 In other words, the sale of goods contract details the conditions and circumstances which would govern a particular transaction. Given the supposedly comprehensive nature of the referenced document it thus functions as a reference point in instances of contract dispute. The nature of a sale of good contract is quite complex consequent to the fact that it may be written or verbal and can contain both implicit/implied terms as well as explicit ones. Contract law has determined that sales agreements can either be written or verbal and can embrace both implied and explicit terms. In other words, the law's position is that in the absence of a written contract, nonverbal contracts, as in precontractual statements, are taken into consideration. 3 In addition, the standard requirements pertaining to sales of goods and the rights of the buyer versus the obligation of the seller are taken into immediate consideration.4 Case law establishes the import of, and the circumsta... ave been interpreted as precontractual terms but, were eventually excluded from writing, suggests that they were not intended as contractual terms.5 However, in the matter of Pena v Dale (2003), where the rights and obligations of parties to a commercial transaction were disputed and there was no written contract, the court found, in the absence of a written contract and if both parties had acted as if there was a contract in place, the implied terms of the verbal contract are enforceable.6 In cases of international trade/international sale of goods, contracts tend to be governed by the terms set forth by both the United Nations Convention on Contracts for the International Sale of Goods (CISG) and Incoterms, while the actual carriage of the goods from one port to another are governed by the Hague Visby Rules (HVR) as amended by the Brussels Protocol, 1968. These contrcats, as stated in the above and as established by case law, may be both written and verbal and may include both implicit and explicit terms and involve the sale of both ascertained and unascertained goods. Accordingly, the very nature of sales of good contracts is complex but, as shall be discussed in reference to the case at hand, all of CISG, Incoterms and HVR attempt the facilitation of these agreements. Even though neither Ghana nor Nigeria are parties to CISG, case law effectively maintains the applicability of CISG terms to spheres outside its influence for one simple purpose: courts have found the terms contained within CISG to be generally consistent with the legal framework outlining sales of goods terms in both civil and common law systems. In OLG Hamm 9 June, 1995, the court found that even if seller and buyer had agreed to apply civil law terms to international sales of good contract,

Quantitative Methods Portfolio Assignment Example | Topics and Well Written Essays - 2500 words - 3

Quantitative Methods Portfolio - Assignment Example This report has selected Mercure London Bridge Hotel to find the trend of its customers, their perceptions and views of the hotel services (Prospects, 2013). The objective here is to apply statistical methods to assess the position of the Mercure London Bridge Hotel in terms of delivering good quality services to its customers. The paper will use descriptive statistics, cross tabulation method and t-test to present comprehensive findings and discussion. The study has adapted the quantitative research method, which implies the statistical approach of analysis and assessment. Using a primary source of data collection that is by conducting a sirvey of customers of Mercure London Bridge Hotel, this study is based on a primary research design. The approach adapted is deductive and therefore, follows a pattern of conclusiveness and close understanding (Noorossana et al., 2012). The sampling technique applied in the study is a random sampling, which brought to a sample of 100 visitors of the Mercure London Bridge Hotel from the population of total number of guests staying at the hotel (Abbott & McKinney, 2013). The questionnaire for the study is comprised of 20 questions in which 9 questions are based on demographics of the participants and 11 questions are in regard of the hotel service quality. Each question is from a different segment of assessment including reservation, room, staff, food and web service quality respectively. The questionnaire covers participants’ point of opinion with respect to their age, gender, and income differences. The primary data was collected at Mercure London Bridge Hotel, where guests were quested to participate in the survey at their own will. This primary data is utilized to bring out findings and discussions from the study. To conduct this quantitative study, the approach of statistical analysis is adopted. Descriptive statistics, cross tabulation, and T-Tests are tools applied in the study. For comparative analysis, cross

Soft Systems Methodology Essay Example | Topics and Well Written Essays - 3500 words

Soft Systems Methodology - Essay Example This action research-based, interpretive approach is strongly influenced by Vickers' (1968, pp.59,176) description of the importance of appreciative systems in dealing with human complexity. Checkland (1981), and Checkland and Scholes (1990) have attempted to transform these ideas from systems theory into a practical methodology that is called Soft Systems Methodology (SSM). Soft Systems Methodology developed by Professor Peter Checkland is a way of dealing with problem situations in which there is a high social, political and human activity component. (Checkland, 1981) This distinguishes SSM from other methodologies that deal with hard problems which are more technologically oriented. Thus, SSM can be a useful research tool for understanding problematic ELT situations. (Holliday, 1990) Hard problems are problems characterized by the fact that they can be well defined. The assumption is that there is a definite solution and we can define a number of specific goals that must be accomplished. Soft problems, on the other hand, are difficult to define.When we think of soft problems, we don't think of problems but of problem situations. It is the classic situation of it not being a "problem" but an "opportunity". Soft Systems methodology was developed for the express purpose of dealing with problems of this type.His "Soft Systems Methodology" was created through a number of research projects in industry and its application and refinement over a number of years. A leading SSM specialist in Japan, suggests that SSM can be a useful research tool in the educational context, and argues that it can be applied to any messy, problematic human situation that requires decision-making aimed at improvement (Kijima, 1999) The most important feature of this analysis of data, informat ion and knowledge is that the act of creating information is a human act, not one which a machine can accomplish. It is the human being who can attribute meaning to the selected data. (Checkland, Holwell, 1998)SSM is divided into seven distinct stages. These are; 1. Finding out about the problem situation. This is basic research into the problem area. Who are the key players How does the process work now etc. 2. Expressing the problem situation through Rich Pictures. As with any type of diagram, more knowledge can be communicated visually. A picture is worth a 1000 words. 3. Selecting how to view the situation and producing root definitions. From what different perspectives can we look at this problem situation. 4. Building conceptual models of what the system must do for each root definitions. You have basic "Whats" from the root definitions. Now begin to define "Hows". 5. Comparison of the conceptual models with the real world. Compare the results from steps 4 and 2 and see where they differ and are similar. 6. Identify feasible and desirable changes. Are there ways of improving the situation. 7. Recommendations for taking action to improve the problem situation. How would you implement the changes from step 6. Step 1: Problem situation unstructured The initial stage consists simply of managers and/or employees (problem owner) deciding that a review or change of tasks and the way they are performed is required, and an analyst (problem solver) is called in to review and provide recommendations. Step 2: Problem situation expressed Step 1 is basically that people of the organization think there

Will email details Essay Example | Topics and Well Written Essays - 500 words

Will email details - Essay Example rt for the world to see the Negro’s capability of beauty, that the black man or woman is no different from the rest of humanity with his or her expression of beauty. He saw race more as a matter of social and cultural influence rather than the biological and hereditary influence or color of skin. Dubois, on the other hand, saw the pragmatic use of the art to advance the cause of the Negro. Thus, he called for Negro artists to look back at Africa for inspiration and to dig deep within their Negro character to best represent it in the art. Thus, artists such as Jacob Lawrence, Loà ¯s Mailou Jones, William H. Johnson and others responded with their visual arts. Thus, artists such Jacob Lawrence and William H. Johnson responded by depicting that blacks could be beautiful by literally portraying Negroes in his painting in accordance with Locke’s philosophy as what we can see from his painting in Poor Parlor, Self Portrait and Chain Gang. Artists such as Loà ¯s Mailou Jones proved in their paintings the Negro’s capability for aesthetics as they painted beauty of equal magnificence such as the work in Fishing Smacks, Menemsha, Massachusetts and Les Pommes Vertes (The Green Apples) proving that the Negro is equally capable. In a way, the futurism art movement was a celebration of the industrialized world which is contradictory to other artists who retreat from the hustle of the big industrialized cities as they create their works. Their method ranged from abstraction to photography depicting actions, objects and insignia of industrialization. For example Umberto Boccioni, Carlo Carrà  , Luigi Russolo, Giacomo Balla, and Gino Severini created Poesia as an abstraction of the horse that moves goods and people before the introduction of motorized vehicles. In their other works, they also portrayed the working man and woman suggesting that indeed, beauty can be seen in toiling in the city. Practical art form such as signs has a useful impact on me. Messages conveyed

Social networking is effecting students grades Essay

Social networking is effecting students grades - Essay Example The social networking regimes have therefore hurt the cause of education more than anything else and the ones who have been hit the hardest are the students themselves. This raises an interesting proposition altogether – why not regulate the usage of social networking by the students so they can concentrate more towards their studies and less on how to mingle with friends, acquaints and the like? There seem to be no answers to such issues. The students need to understand that the social networking elements and tools have been affecting their educational realms and now is the time to realize what is hurting them the most. The sooner they will wake up to such conclusions, the better it would be for their respective selves. However, what is unfortunate is the aspect of non-realization that social networking is providing them more worries than anything else, and now is the time to understand that they have to find a way to move ahead with the social linkages that they have develop ed over the Internet. What is even more worrying is the fact that these social networking tools have involved within them gaming elements that have literally taken away the concentration levels of the students, and given them an alternate path in the wake of spending their lives, their own way (Hitch, 2011). The social networking understandings within the students’ grades have been proven as true with the passage of time. The teachers, instructors and even parents have raised their voice against the tyranny that these social networking elements have created, which have literally impacted the students in more ways than one. There seems to be a great amount of anarchy within the related ranks, and the undue credit for the same does rest on the shoulders of the social networking websites, tools and programs. Since the social networking domains do not consider how the same would be taking charge of the students and their related folds, they are trying their best to introduce new and novel applications, programs and features. This will ensure that the social networking will remain as pivotal for the sake of the students, much more than what education does for their own good. This is a very unfortunate happening but it is taking place for a number of reasons that can be deemed as wrong more than anything else. The social networking does more harm than offering any solace to the young ones who are bound to go wrong in the face of severe competition that they receive at the hands of their colleagues and friends, as well as the technological mastery that the social networking websites and tools have to propose, day in and day out. Therefore how social networking is being manifested by the elders within the society is something to write home about (Sarachan, 2011). This has been made apparent through the different procedures that they have adopted to keep away the perils that come attached with the social networking elements and realms within the society. It is f or this reason that social networking is now being seen as a very dangerous metaphor within the terrains of the society as the students are the worst sufferers at the end of the day. In the end, it would be proper to state that the social networking issues should be tackled at the earliest. This will help resolve the disputes and conflicts that have come to the fore. It will also restore the confidence of the parents within their young ones who are

Early History and the Struggle for Resources Essay

Early History and the Struggle for Resources - Essay Example This environmental injustice has resulted from the high technological development in the region (Pellow & Park, 2002). This chapter has provided a historical basis to explain how immigrants, people of color, and other labor providing people in the valley have experienced conflicts of environmental justice in the Silicon Valley. Natives have been robbed of their natural resources. They are not entitled to their citizenship right thus denying them political power and exposing them to slavery and exploitation (Pellow & Park, 2002). The chapter challenges the assumption that environmental injustice is a recent phenomenon by highlighting how people of color and immigrants have been fighting for centuries (Pellow & Park, 2002). In 1769, a certain group of people occupied the Silicon Valley and began controlling and degrading its natural resources like water, minerals, and land (Pellow & Park, 2002). These actions exposed immigrants and people of color to environmental risks. The chapter concludes by tracing the Spanish conquest, the devastation of Native American populations and Bay Area Ecosystems to be the origin of environmental injustice (Pellow & Park, 2002). Since their occurrence, natural resources and human labor exploitations have been building on each other. Assignment: Read chapter 2 "The Silicon Valley of Dreams" Subtitle: Environmental Injustice, Immigrant Workers, and the High-Tech Global Economy... Author by David Naguib Pellow and Lisa Sun-Hee Park and provide a one page summary that includes the following: Introduction, Body and

Allocation of Fixed Costs Essay Example | Topics and Well Written Essays - 750 words

Allocation of Fixed Costs - Essay Example But in recent environment where the overheads such as IT cost became a major portion in product cost. In advanced manufacturing technology overheads are likely to be more important and therefore it is difficult to justify the IT costs on the basis of absorption costing methodology. The problem arises when the company is not able to decide that on which basis the IT costs should allocate into company products. There are many different techniques can be used for allocation of IT costs. Some of them are mentioned below According to many successful financial advisors, the use of Activity Based Costing (ABC) methodology can be a best and beneficial technique for the allocation of IT costs. In addition, it is also proved by accounting practices of past few decades that activity based costing is absolutely a best technique for charging allocating the major complex overheads costs like IT costs. Activity based costing is just one method of charging IT costs because it focuses on the identifi cation of actual IT costs and can give the true and accurate results. A simple charge back costing technique can be also a good option for allocation of IT cost but it is only feasible only at first stage and the company can face many of big inherent problems at the end of process. Why Activity Based Costing (ABC) is best technique for the allocation of IT costs ABC Vs Flat Rate: In comparison with other costing methodologies the Activity based costing technique always gives accurate results and could be a true measure of profitability. For example, Allocation of overheads on flat rate system hides the inefficiencies of the systems and causes many serious problems in long run. Using a flat rate is can be the best option to get cost transparency but sometimes it can be headache for business leaders because they started to thin k that, they are charged greater than the their use. Using flat rate system, there is a possibility of greater charges in respect with little use of service. C omplexity of IT costs: On the other side of coin, other traditional approaches are not able to measure the complexity of the IT costs properly while the Activity based costing recognize the complexity with its multiple cost drivers. Realistic Approach: In modern competitive environment, companies must be able to assess profitability realistically. Activity based costing methodology facilitates a good understanding of what drives IT costs. Purpose of Allocation Simple the cost allocation is the process of charging the indirect costs in to products on the base of services they consume. It is a process of charging the portion of shared services from cost centers in to a product or service. In current technological environment, the overheads are likely to be far more important and in fact direct labour may account for as little 5% of a product cost. In advance environment many non-volume related support activities such as IT costs have captured a great part in company’s profitabi lity that’s why the fair allocation of IT costs is more important to measure the true profitability level. Benefits of Allocation There are many benefits of allocation of IT costs. Some of them are mentioned below: Proper Accountability of resources: In current competitive trends, enterprises demand more accountability of their funds and they try to use their resources in effective manner. For this purpose, Proper allocation of IT

Bradford Protein Case Essay Example for Free

Bradford Protein Case Essay The appearance of blue color showed the present of protein in the BSA dilutions. The more diluted the solution was, the less blue it was. The R2 value of the standard curve of BSA dilution was obtained to be 0.9972, which is close to 1. The closer to 1 the R2 value was, the more accurate the linear portion was. The error percentage of each unknown was large: 25.9% for skim milk, 95% for soy sauce, and 64.7% for egg white. The vast difference between the theoretical protein concentration and experimental protein concentration of the unknowns showed that Bradford Protein Assay must have limitations. The Coomassie dye only interacts with certain amino acids such as: arginine, histidine, lysine, tyrosine, tryptophan and phenylalanine. However, each amino acid has different structure from each other; therefore the Coomassie dye will interact differently with each amino acid. The Coomassie dye molecules are bound to proteins by elctronstatic attraction enhanced by hydrophobic bonding (Tal et al. 1984). Besides the interaction between Coomassie dye and amino acids, some compounds can interfere the result of the Bradford assay such as: salt, fat, and detergent. Another factor that could influence on the Bradford assay is the protein sample must fall within the linear range of standard curve. Another possible explanation for the difference between theoretical protein concentration and experimental protein concentration is human factor. The bottom part of the cuvettes was not supposed to be touched by because that was a region in which the beam of light goes through. The absorbance values at 595 nm are part of the variable of the standard formula that was used to calculate the experimental protein concentration of the unknowns. Therefore, the adjustments in these absorbance values would effectively affect on the experiment protein concentration values. Pipetting could be another error source because it was difficult to pipette exactly 20 l Coomassie dye. Moreover, as recording the absorbance by using the spectrophotometer, different results were obtained within one sample. That means there were certain minor factors that influenced on the instrument. Bradford protein assay was used to determine protein concentration in several samples. Moreover, Bradford protein assay was not able to detect the presence of melamine in the food because the experimental protein concentration was obtained to be -0.005 mg/ml, which is invalid. Bradford protein assay didn’t interact with melamine even though it contains so many amino groups (Field and Field 2010). Melamine is not protein because it doesn’t have either carboxyl groups or functional groups, which are components of an amino acid. At high level, melamine can be toxic by combining with cyanuric acid to form insoluble crystals, which lead to the formation of kidney stones (Eufic, n.d.). Melamine amounts make the amount of protein look higher than they really are when tests that are used to detect nitrogen are used (Science Daily, 2009). Even though melamine has been notified to be toxic, there are still numbers of melamine-contaminated food in the market because the melamine t ests are way to expensive to apply on every single product and take to much time to proceed. In future, to test the accuracy of the Bradford protein assay, more trials will be conducted with different proteins such as: protein shake, chicken broth and 2% whole milk. Since the disability of detecting of the Bradford protein assay, some other methods should be conducted to see whether they could detect the presence of melamine in the food. The University of Minnesota’s BioTechnology Institute developed an enzyme that is used in Bio Scientific’s new MaxDiscoveryTM Melamine Test kit, which simplifies the detection of melamine contamination in food (World Health Organization, n.d.). The melamine deaminase enzyme is created to break one of the C-N bonds in melamine to release ammonia. Clearly, the Bradford Protein Assay still has some limitations to detect melamine in the food. Therefore, to provide safety food, a better and inexpensive protein method needs to be created. Reference: 1. Anjarie F., Jeffrey F. Melamine and cyanuric acid do not interfere with Bradford and Nyhydrin assays for protein determination. Food Chemistry 121 (2010): 912–917 2. Mosche T., Aaron S., Elizabeth N. 1984. Why does Coomassie Brilliant Blue R interact differently with different proteins?. Journal of Biological Chemistry 260(18): 9976-9980 3. European Food Information Council (EUFIC). N.D. Frequently Asked Questions. http://www.eufic.org/page/en/page/faq/faqid/what-is-melamine/ Accessed February 22, 2013. 4. Science Daily. 2009. Simple, Inexpensive Method to Detect Melamine Poison in Food. Last updated July 22, 2009. http://www.who.int/csr/media/faq/QAmelamine/en/index.html. Accessed February 22, 2013. 5. World Health Organization. N.D. Global Alert and Response (GAR). http://www.who.int/csr/media/faq/QAmelamine/en/index.html . Accessed February 22, 2013.

The Philippines During 1946 1986 History Essay

The Philippines During 1946 1986 History Essay This essay uses the Dependency theory on how the economy of the Philippines fared out during the 1946-1986 period. This will also discuss facts on how the Marcos regime made the country surge into large international debts and why even though our country has a lot of natural resources cannot join the league of developed nations. The reason maybe that the post-colonial culture that our colonizers left us. There are so many assumptions on why our country is still behind. This essay will view the economy during the post colonial to martial law era to post martial law era. That particular period of time may have given the people the power to say what they wanted to (but there are some articles that indicates the the so called people power was not really a people power but of the Imperial Manila. As what Amando Doronila said in his feature article in the Philippine Daily Inquirer People power movements have been an Imperial Manila phenomenon. Their playing field is EDSA. They have exclude d the provincianos from their movement with their insufferable arrogance and snobbery   ignoring the existence of the toiling masses and peasants in agrarian Philippines.) With that observation that has been taken to account, the essay will include some insights on why do we seen stuck to this. Why do the country that has so much potential has been left behind even though we are thought to be one of the countries that will boom after the decolonization? Officially classed as developing country, the Philippines was once the second largest economy in Asia. In 1970 however, a path of loans and heavy borrowing was taken. This swelled the debt from of the country to much larger sums. The decline of Philippines exports, the corruption and economic mismanagement of the Marcos regime followed by the assassination of Ninoy Aquino in 1983 all contributed to the breakdown of the economy. In September 1972, Marcos declared martial law, claiming that the country was faced with revolutions from both the left and the right. He gathered around him a group of businessmen, used presidential decrees and letters of instruction to provide them with monopoly positions within the economy, and began channeling resources to himself and his associates, instituting what came to be called crony capitalism. By the time Marcos fled the Philippines in February 1986, monopolization and corruption had severely crippled the economy. In the beginning, this tendency was not so obvious. Marcoss efforts to create a New Society were supported widely by the business community, both Filipino and foreign, by Washington, and, de facto, by the multilateral institutions. Foreign investment was encouraged: an export-processing zone was opened; a range of additional investment incentives was created, and the Philippines projected itself onto the world economy as a country of low wages and industrial peace. The inflow of international capital increased dramatically. The Philippines defaulted on its debt 1983 1984 with the economy undergoing significantly negative growth in 1984 and 1985. Since the downfall of Marcos in 1986, administrations have opened up the economy to foreign investment but the privatization of the economy has been too slow. A trade deficit is the result of heavily importing goods while exporting very little. To make matters worse, government expenditures exceed government revenues. The Philippines found itself in an economic crisis in early 1970, in large part the consequence of the profligate spending of government funds by President Marcos in his reelection bid. The government, unable to meet payments on its international debt, worked out a standby credit arrangement with the International Monetary Fund (IMF) that involved renegotiating the countrys external debt and devaluing the Philippine currency to the United States dollar. The government, unwilling and unable to take the necessary steps to deal with economic difficulties on its own, submitted to the external dictates of the IMF. It was a pattern that would be repeated with increasing frequency in the next years. Despite once being the second largest economy in Asia (after Japan), the country is now relatively poor. The economy is agricultural, lightly industrial and service orientated. Economic growth is much weaker due to enormous debt. Much government money goes towards payments of the debt leaving very little money remaining for improving infrastructure. Since 1986, efforts have been made to open up the economy to foreign investment but the privatization of the economy has been just too slow    After WWII, the Philippine economy was in bad shape. During the term of President Quirino, the economy began a phase of rapid growth. The economic growth slowed over time but by 1965, the Philippine economy was the second largest in Asia. This was largely due to the enormous spending of government funds by President Marcos. Arrangements were made with the International Monetary Fund (IMF) and so began the period in which the Philippine economy would be propped up with loans from the World Bank and IMF and heavy borrowing from banks and organizations. The economy of the Marcos regime can be described as debt driven. However, the economy continued to grow during the Marcos regime, even throughout martial law. In the 1980s, the economy started to falter due to a number of reasons. World demand for Philippine exports went into decline, corruption and economic mismanagement from the Marcos regime and the assassination of Ninoy Aquino in 1983 shattered investment confidence in the country. Economic growth was significantly negative in 1984 and 1985. As a result of a shrinking economy and enormous debt, the Philippines defaulted on its foreign debt payments 1983 1984. In the following Aquino years, the economic issues remained. It wasnt until the Ramos administration that the economy began to significantly grow. The Philippine economy was also hit by the 1998 Asian financial although not as much as some of the neighboring Asian states, partly due to remittances from overseas Filipino workers.    Large debt is a major factor in the hindrance of the Philippine economy. During the Marcos years, loans and heavy borrowing were used keep the economy propped up. The decline in demand for Philippine exports, the uncontrolled and unrestrained corruption of the Marcos administration and the assassination of Ninoy Aquino took its toll. The government defaulted on debt payments 1983 1984 and the economy underwent a period of significant contraction in 1984 and 1985. In 1986, after the downfall of Ferdinand Marcos, the debt was at US$28 billion with the country in a bankrupt state. In more recent times, the public debt is just over three-quarters of the Gross Domestic Produce (GDP) and a large trade deficit has grown from the heavy importing of goods combined with a weak export growth. Given this situation, much of government funds is being used to pay off the debt (or probably more accurately, the interest on the debt) this leaves little money for the government to develop infrastructu re. The lack of infrastructure in turn has resulted in much lower growth in various economic sectors. Since 1986, administrations have gradually opened up more of the economy to foreign investment. However, the privatization of the economy is currently just too slow. The corruption of the government and tax evasion tactics by big businessmen has also robbed the government of funds. The situation has been described as a fiscal crisis and on the current course, it is expected the Philippines will default on its debt in the next few years.    The Philippines is essentially an agricultural area but in more recent years other sectors have developed. Although greatly potential in the agricultural sector, the lack of infrastructure and finance combined with government policy have limited the success of this sector. The rural economy is largely based on agriculture, forestry and fishing. Years of uncontrolled logging are having an impact on forestry and fishing may have its days numbered due to the expense of equipments. The country has numerous natural resources including deposits of copper, chrome, nickel, gold, silver, coal, sulphur, gypsum, limestone, marble, phosphate, silica, clay and natural gas. Problems from the energy sector also contribute to economic woes. Electricity is relatively expensive and is subject to government red tape, preventing unprofitable public sector electricity companies from raising rates to raise money to develop and improve services.   A general rise in world raw material prices in the early 1970s helped boost the performance of the economy; real GNP grew at an average of almost 7 percent per year in the five years after the declaration of martial law, as compared with approximately 5 percent annually in the five preceding years. Agriculture performed better that it did in the 1960s. New rice technologies introduced in the late 1960s were widely adopted. Manufacturing was able to maintain the 6 percent growth rate it achieved in the late 1960s, a rate, however, that was below that of the economy as a whole. Manufactured exports, on the other hand, did quite well, growing at a rate twice that of the countrys traditional agricultural exports. The public sector played a much larger role in the 1970s, with the extent of government expenditures in GNP rising by 40 percent in the decade after 1972. To finance the boom, the government extensively resorted to international debt, hence the characterization of the economy of the Marcos era as debt driven. In the latter half of the 1970s, heavy borrowing from transnational commercial banks, multilateral organizations, and the United States and other countries masked problems that had begun to appear on the economic horizon with the slowdown of the world economy. By 1976 the Philippines was among the top 100 recipients of loans from the World Bank and was considered a country of concentration. Its balance of payments problem was solved and growth facilitated, at least temporarily, but at the cost of having to service an external debt that rose from US$2.3 billion in 1970 to more than US$17.2 billion in 1980. It was in this environment in August 1983 that President Marcoss foremost critic, former Senator Benigno Aquino, returned from exile and was assassinated. The country was thrown into an economic and political crisis that resulted eventually, in February 1986, in the ending of Marcoss twenty-one-year rule and his flight from the Philippines. In the meantime, debt repayment had ceased . Real GNP fell more than 11 percent before turning back up in 1986, and real GNP per capita fell 17 percent from its high point in 1981. In 1990 per capita real GNP was still 7 percent below the 1981 level. Industry has grown over the past few years but only in the urban areas. The industrial sector includes textiles, food and beverage processing, pharmaceuticals and chemical products, such as paints and fertilizers, and also electronics. In 2005, the Philippines began exporting cars in significant quantities. Electronic based companies such as Intel have been in the Philippines for many years too. The services sector is a big player in the economy and one of the more recent booms is the establishment or transferring of call centers in the Philippines for many large and in some cases multinational and international companies. Setting up call centers in the Philippines is ideal because of much lower costs than in the developed countries of origin and cheaper labor. A major advantage the Philippines have over other countries is the significance and usage of the English language within the country. The continuous growth of the outsourcing companies has led us to our current situation right now. Because of the limited availability of the jobs for the newly graduates, they resort to taking call center jobs wherein they could earn a decent income but doesnt level to their core competence. The decent income that they are receiving covers up to the companys main motive which is to exploit us. Our country may have benefited well to the boom of this sector but it exploits us in a sense that they are taking advantage of our resources but for the less cost. We are one of the countries that the other advance country exploits. Another example of the countries that were being exploit are India and China but to be fair with them, they are taking it as a challenge to grow more in terms of economic, and self improvement. Some may argue that they were racing to the bottom but they were not because they were racing to be on top. The Philippines does it the other way. We have the resources, the vast number of educated people but we are not improving. It may be blamed to the culture that we grew up in and the decision making of the leader. The loans that the country had during the time of Martial Law hit to its lowest and brought us to much more inescapable debt to which led us to borrow more to the predatory shark, the IMF. We have been dependent to them expecting that we would be out of this huge foreign debt but we only led to more debt that makes the Filipino people responsible for paying those huge sums of money. Only an irresponsible leader could only lead us to this state. The economy reached its lowest point and now the people are paying for this. The country may have achieved its democratic status but are we really free? Or are still heavily influenced by our former colonizers? The answer could be is that it depends on how we take it all in. We are still heavily influenced by our former colonizers from the music that we listen, to the clothes that we wear and to the culture that we are trying to fit in. But it seems that it boils down to how we respond to it. The state wherein our country is in right now may have been better than to what it has experienced before with the colonizers and the Martial law. The economy seems to be stable but its still not enough to sustain the growing economy of our country. A lot of people die out of hunger, the population has been multiplying every year and the education system in our country has not helped us to bail out from this system. The Philippines is a beautiful country with lots of things to offer. Sadly, the country today seem to be in lost on how to go on after to what had happened after the pos-colonial and martial law era. The country has been lost and still looking for the way out for this misery. Sure former President Fidel V. Ramos made the economy slightly back on track but we are now down again. Our country has been waiting for the promises of the politicians to come true to save us from this misery but again, it boils down to how we handle things and how we adapt from it. We could have been doing well if only we had retain the positive things that our colonizers left us. They may have invaded our country but it lead to some transition but we took it and applied it on the wrong way. We are still dependent to our past may it be the post colonial era or it may be the post Martial Law era. We cannot run from it. 2,540 words

The Impacts Of Tourism On National Parks Tourism Essay

The Impacts Of Tourism On National Parks Tourism Essay Tourism is a growing industry, and may bring diverse impacts upon popular locations. The impacts of tourism can be positive or negative, affecting economic, social and environmental spheres in certain areas. Around the U.K there are 15 National Parks with beautiful areas of mountains, moorlands, woods and wetlands (National Parks 2011). A National park is an area of countryside protected by government (usually relating to the environment) that everyone can visit. Different, non-governmental organisations also look after the landscape, wildlife and assess impacts from tourism, serving to further achieve sustainability (outcomes of tourists). This includes the Environmental Act 1995, which stated two main purposes for National Parks in England: conserve and enhance the natural beauty of the area and promote opportunities for the understanding and enjoyment of the environment. National Parks also aim to boots the economy of the area and social well being for the local community (Nationa l Parks 2011). Moreover, despite Government intervention, impacts on tourism are still greatly felt in National Parks especially in terms of (mainly) negative impacts on the environment. The most famous and largest National Park in the U.K would be The Lake District. The Lake District area contains 16 lakes, more than 150 high peaks and is the only National Park in England with over four 3000 foot mountains (Ledingham, 2007). The Lake District attracts more than 12 million visitors every year by the variety of different locations and natural beauty (Wyatt, 2009). However, tourism contains the seeds of it own destruction (Weaver, 2001: p24). Mass-tourism can have both positive and negative impacts on the landscape and upon local communities. As much as tourism brings many benefits to an area (especially for the economy), mass tourism is likely to cause environmental degradation (physical, social etc) on some level. This is the argument that tourism can essentially destroy itself in the over-use of relatively small areas. Therefore, this essay aims to demonstrate and critically analyse the economical, environmental and social impacts of tourism on the Lake District and to review past and present legislative measures designed to reduce the possibly negative effects of increased tourism in an area. Economic Impacts The main aims in developing Cumbria in terms of economic is to equip local authorities and partners with a common understanding of local economic conditions and economic geography and of the social and environmental factors that impacts on economic growth (Cumbria 2011). This shows that The Lake District is a key target to achieve economical growth whilst following the decree of sustainable development, to meet not only needs in terms of area development, but also to look for the right approach for the community in general. As Park (2007) stated: sustainable development meets the needs of the present without compromising the ability of future generations to meet their own needs (Park, 2007). Latest data from Cumbria Tourism indicate that in 2009 there were 5 million overnight visitors to Cumbria as well as 36 million day trippers (Peck, and Mulvey 2010). It is estimated that these visitors generate a total of  £2bn to the Cumbrian economy and support over 32,000 jobs (Peck, and Mulvey 2010). Tourism is the main creator of employment and economical stability in The Lake District, by creating tourist attractions and developing the infrastructure such as hotels, restaurants and different facilities. This creates a multiplier effect as increases in spending from tourists produces an increase in the economy of an area. Moreover, this increase in tourism in The Lake District helps to generate work for local people, however, this may create more low-skilled (and thus low paid) jobs such as car park attendants or waiters and many of these jobs are also seasonal. Nevertheless, unemployment in Cumbria reached a plateau at just over 2.5% in 2008, though latest figures for Octobe r 2010 indicate that there are 7,525 applicants on Job seeker allowance which represents 2.4% of total working population (Peck and Mulvey 2010). In some cases, this may be due to seasonality as more jobs are likely to be available during the summer months. The Lake District also generates much environmental interest in tourism. For example The Osprey has provided a formidable boost in tourism, and in 2007 attracted half a million visitors. Moreover, around 100,000 people visit ospreys each season generating  £1.68m, of which  £420,000 was re-invested in the osprey project (Kenmir, 2008) The Lake District projects protect the environment through tourist spending, which also boosts the economy of this particular area (e.g. creating new jobs). Conversely, tourism can have a negative impact upon The Lake district. Due to the amount of people visiting each year the local goods are becoming more expensive because tourists are able to pay more for products (National Parks 2011). Therefore, this impacts heavily upon the locals as their salaries may not cover the costs of the products this may lead to locals resenting large tourist influxes. Moreover, low wages levels have led to a gap between local incomes and house prices the average in the National Park  £314,730 which, as an mean, is fairly high (Lake District 2011). However, Government policy towards this issue is to balance environmental control and landscape capacity i.e. through constructing new accommodation and by meeting local needs by making living more affordable (Moss, 2010). Nevertheless, as much as the increase in the amount of visitors in The Lake District generates huge amounts of revenue, a lot of this income goes in refurbishment and in protecting the environment from daily visits. Environmental Impacts The Lake District is one of the biggest National Parks in the U.K and the outstanding natural environment brings in over 12 million tourists every year, with many of the visitors being international. In early 1883 whilst The Lake district was being developed, The Lake District Defence Society was created to protect the region from damaging human development in an age of railways and the emergence of mass tourism (Sutton, 2007). In recent years there has been an increase in the numbers of short breaks and off-season breaks in the Lake District, as more people take their main holidays abroad (LDNPA, 2005). Moreover, the visitors who are staying in the National Parks are seeking out different types of holidays and experiences (LDNPA, 2005). There has been a rise in active sports, for example water sports as shown in the case study of Windermere lake, however, power boats, jet skis etc. were causing damage to the natural environment through pollution of the lake and physical disturbance of the wildlife in the area. Therefore, one of the legislative measures put forward by the government was a 10mph limit on the lake to reduce this disturbance and reduce the environmental impact upon Lake Windermere (BBC 2005). However, this had negative impacts on the economy of The Lake District. When the speed limit was imposed, demand of tourists visiting this destination decreased specifically for this reason (i.e. water sp ort activities were therefore indirectly abolished). This specific facility was a high source of income for this area however, by reducing the willingness of tourists to visit this place, it has decreased the income generated less income may result in less funding for environmental projects. Due to the main form of transportation of visitors to the Lake District being the car, with limited parking areas and spaces, traffic congestion and pollution from cars is damaging the environment (Foulerton, 2009). Car use, and other road transport make up the largest single part of carbon emissions within the National Parks, and these emissions are growing 1% per year (Foulerton, 2009). The local transport system is poor which encourages the majority of residents and tourists get around by cars. However, the overall aim in the Lake District is to reduce the need to travel by cars by improving the transport system (Lake District, 2011b) For example, buses have less of an impact on the environment e.g. such as Oxfords hybrid Brookes buses which comply with the Euro 5 standard (EC, 2010). This may be achieved by encouraging services and goods to be available locally and reduce the need to travel throughout e.g. by promoting the public to cycle, walk and use The Lake District transport ation (Lake District, 2011b). Moreover, increases in parking spaces for tourists, as this can also generate more jobs. As an example from personal experience, in Zermatt, Switzerland, the government ordered a enormous car park located in Tà ¤sch, 5km from the Matterhorn mountain, forcing tourists to use train services to reach the location. Moreover, the use of cars in this area was banned in order to protect the environment. Since 1947, only electric cars without a combustion engine were allowed to operate in the Zermatt (President of the Zermatt Tourist Board 2011). In addition the negative impact of tourism is damage to the landscape in terms of litter, erosion, fires and vandalism (Cumbria, 2011b). In order to protect the environment the government is increasing the amount of recycle bins place around the area and is setting up different educational events which promote good environmental practice e.g. repairing footpath erosion (LDNPA, 2005). Social Impacts Government is making decisions and are improving the area of the Lake District in term of economical benefits and environmental protection. However, all this impacts is experienced by the social community (i.e. people who actually living there all time, not just during the holidays). Therefore, Government outline on social inclusion, public participation and the new planning system or Local Development Framework are encouraging new audiences; young people, urban populations and minority groups including people with disabilities, finding new and better ways for actively involving people in decision-making (LDNPA, 2005). This strategy would help local citizens to share their opinion and ideas on how to improver or what should be done. Therefore, the aim is to enable local residents and tourism business, to have a greater say in the development of tourism in their own area (LDNPA, 2005). This means listening more carefully and engaging people more effectively. This is an opportunity for everyone to be involved in the review of The Lake District tourism development policies through the local development frameworks (LDNPA, 2005). Through the improvement of economic in the Lake District it has an impact upon the social community in negative and positive way. Tourism is a key attribute in the Lake District which producing a jobs to the locals. Moreover, economical benefits because of a cash- flow with in The Lake District area. However, generally it is low paid part-time and seasonal (Moss, 2010). In addition there is a lack of start up businesses and business premises, due to the low-skilled job, employers have problems recruiting locally (Moss, 2010). Government producing education programme, which enables to deliver the second purpose of National Park in terms of understanding and enjoyment of their special qualities (LDNPA, 2005). Therefore, this approach helps to produce the jobs in terms of tour guide as well as lectured and day course informing tourists about the are and heritage of the National Parks. In addition, the potential for WHS (Worlds Heritage sites) is to bring social and community benefits to Cumbria and Lake District (ERS, 2006). If the economical target will be achieved and managed in the right way, throughout attracting the tourists to the WHS areas, these would results in social and community benefits, particularly in increase in the quality of life for residents (ERS, 2006). Conclusion The essay has discussed an impact from tourism in the Lake district in terms of economic, environment and social. All the impacts are linked in order to stabilize each impact government is making different policies to protect the environment. Therefore, tourism is the main creator of employment and economical stability in The Lake District, in order to protect the environment the area should generate income. Moreover due to the 12 million of visitors each year The Lake District is developing in terms of infrastructure also through the tourists and projects for example The Osprey it helps to keep environment protected. However, due to increase in tourism the impact from cars (i.e. emission) it has an negative impact in the area, therefore, making the better transport system with eco-friendly transportation may facilitate and encourage visitors to travel through the public transport. Moreover, in terms of social impacts and low-skilled/paid jobs due to seasonality, local community faci ng a problem to start up local businesses because employers, have problems in recurring locally. Therefore, government should invest and support local businesses to increase the quality of life for particular areas. In order to develop the tourism attractions and places government should find new and better ways for actively involving people in decision-making.

An Analysis of Effectiveness Essay -- Martin Luther King Toni Morrison

An Analysis of Effectiveness   Ã‚  Ã‚  Ã‚  Ã‚  Martin Luther King Jr. and Toni Morrison are two of the many great writers of the late twentieth century. Their styles follow rhetorical guidelines to create persuasive arguments and clear writing. To show how they accomplish this I will be comparing the rhetorical style used by King in 'Letter from a Birmingham Jail,'; with that of Morrison in 'Friday on the Potomac.'; Each of these works result from strong opinions surrounding the issue of racial equality in the United States, and each appeals to the desire of achieving that equality. In order to address a sensitive topic such as racism and achieve the desired results, the authors had to implement various methods of persuasion. While each author chooses different manners with which to accomplish this, each forms clear writing with convincing arguments. They achieve this clarity due to their understanding and use of ethos, pathos, and logos as the foundations for creating these arguments.   Ã‚  Ã‚  Ã‚  Ã‚  Before we can examine the writing on the basis of these three elements, we must first understand the meanings of each. They were conceptualized by Aristotle as the keys to persuading an audience. Ethos, directly translated, means 'worthy of belief,'; and deals with establishing credibility. Pathos involves 'putting hearers†¦into the right frame of mind with regard to certain issues and the speakers persuasive intent'; (Smith 83). Logos includes the arguments that are used to make a point, and involves the basis upon which the arguments were made. The use of these three elements in harmony with each other will produce a persuasive argument according to Aristotle. Being that he did 'write the book on rhetoric,'; I will be using the ideas of Aristotle as the blueprint for effective writing to which I will compare the works of King and Morrison.   Ã‚  Ã‚  Ã‚  Ã‚  First I will examine Martin Luther King Jr.'s letter which embodies all of the characteristics outlined by Aristotle. The most clearly presented element in King's article is the use of ethos. King establishes himself as a credible and learned man early in the letter so that the reader has an immediate connection with him, and then he carries the thought throughout the letter's entirety. Within the first paragraph he uses this tactic when he writes, 'If I sought to answer all the criticisms that cross my desk, my secretaries would h... ...How could the notion of union, nation, or state surface when race, gender, and class†¦dominated every moment and word of the confirmation process?'; (Morrison xii). The answer to the question lies within itself and forms the basis of her argument to follow throughout the essay. She then begins to demonstrate how race, gender, and class played into the hearings, in order to substantiate the argument. The reader then has no choice but to agree with her ideas.   Ã‚  Ã‚  Ã‚  Ã‚  Thus, we see that both Morrison and King were both admirable in their abilities to persuade their audiences, though each did so using different tactics. King focused mainly on establishing his own credibility so that his statements would bear the appropriate weight necessary for effectiveness. Morrison, however focused her strategy on the manipulation of the audience by using their emotions and empowering them to confirm her arguments. Regardless of the individual focus of each author's style, they both contained the necessary elements of successful writing as defined by Aristotle: ethos, pathos, and logos. These elements form the backbone upon which all good writing should form, and these two passages verify that.

E-Books :: essays research papers

Business Systems and Technology The thought of books being on computers shows mankind’s need to use technology. Just imagine all the paper used in books around the world. Think of all the trees e-books would save. E-books are definitely the way of the future, but it won’t be a simple or rapid change. In a perfect world 20 years from now, students will no longer carry around bulky backpacks. Libraries will be in smaller, extremely technologically advanced buildings. Magazine shops may very well cease to exist. But what had to be done before all this could occur?   Ã‚  Ã‚  Ã‚  Ã‚  Chances are, just about every person in the world would have some sort of e-book reader. These don’t come cheap at all. Prices could vary from $200 to $600. Computer programs that could read e-books have a certain level of system requirements. These requirements are fairly high now, let alone 20 years from now. Before e-books can become widely popular, people would have to make the choice between migrating to portable computers and purchasing a stand-alone e-book reader.   Ã‚  Ã‚  Ã‚  Ã‚  What do you think the storage capacity on these e-book readers would be? Judging by today’s technology, the capacity would be quite enormous. But will that be enough for everyone? People will want to have every book they own at their fingertips so that at a moments notice they can reference Shakespeare or the latest articles in Times Magazine. People will want to be linked to their storage mediums at home all the time. This is where powerful wireless networks come into play. Network designers will have to come up with ways to make it possible for e-books to become internet ready, which would give people the ability to access their entire home library.

Essay --

Kidneys are very important organs. Their main responsibility is to filter harmful toxins from the blood, which are then excreted in the urine. The urine then flows through the ureters and into the bladder. When the bladder is full, the sensation to urinate arises and the urine is emptied through the urethra. Sometimes the crystals that are found in urine bind together and become big enough to develop into a kidney stone. I have yet to encounter anyone who has had this issue, but I have heard from other people that kidney stones can be very painful. Knowing the flow of urine and how small ureters are gives me chills just thinking about the pain someone might have to endure. Kidney stones differ in size and shape and can either be smooth or pointy. They can be the size of a sand particle or the size of a golf ball. There are even some stones that can fill the entire kidney; these are known as staghorn stones. Infections are the usual culprits for this type of stone. Calcium, very common in dairy products, is what the majority of stones are created from. Other chemicals tha...

Nelson Mandela Essay

Nelson Mandela was a man of honor. A man who sacrificed his life for the betterment of others. He was born July 18, 1918 in South Africa. He grew up in a segregated country. He later became an activist against apartheid. He protested and paraded the country. He got arrested and spends the next 27 years in prison. He still did not give up the fight against apartheid. After getting out of prison he became the first democratic elected president of South Africa from 1991 to 1997. After his presidency he created several nonprofit organizations to help and make South Africa better. Nelson Mandela was a man who doesn’t care what people say or think about him. He always does what he thinks is right even when the majority disagrees with him he still goes on doing what he thinks is best. When he started fighting to end apartheid, he knew that he was sacrificing his life. He knew that his life was shortened. That death was near, but he doesn’t care because he knows that his sacrifice will pay off eventually. Nelson Mandela was born in South Africa. All through his childhood, living in South Africa as a black man was brutal because of the apartheid. There was different school for black children. Restaurants were segregated, maids were used as slaves. Growing up, the rule at that time was that at 6 pm, a siren would sound, which meant that no black people were allowed on the streets after that time. If they are caught by the police they had to show prove of identity. If they couldn’t produce this, they were arrested and put in jail. Black South Africans owned noting during that era. No houses, no cars and they weren’t allowed to have accounts of any kind. Even at the mall there were different bathrooms for white people. Park benches were segregated public water fountains were segregated. Almost everything starting from the public transit to owning an apartment was separated between whites and blacks in South Africa. In 1961, Nelson Mandela became leader of the armed wing branch of government. He protested all over the country, sabotaging the apartheid government. Since the non-violent way of trying to end apartheid is not working, he devices a plan which call to destroying several government buildings. Such as, the post office, the police station and other government offices. It worked great until citizens started getting killed in the buildings. The police arrested him on numerous occasions, with no solid evidence they let him go. Finally they arrested him for treason and sabotaging the government. After getting arrested he was sentenced to 27years in prison. In the winter of 1964, Nelson Mandela arrived on Robben Island where he would spend 18 years of his 27 years prison sentence. Put in a small cell, with no bed, just a bucket for a toilet, he was forced to do hard labor in a quarry. He was granted one visitor a year for 30 minutes. He could write and receive one letter every six months. But Robben Island became the place, which transformed him. Through his intelligence, charm and relentless pursuit, Mandela eventually controlled even the most brutal prison officers to his will. He gained leadership over his prison mates and became the head of his own prison.

Organisational Change Essay

organizational change is likewise survive as organizational geological fault and it may involves organisational change in mission, introducing youthful technology, restructuring operations, introducing pertly programmes, mergers, re-engineering and having new major collaborations. (Bridges 1991) organisational changes ar aimed at achieving about rectify organizational intentions and objectives which need to be a attained within a apt(p) period of duration.In galore(postnominal) cases changes in the organizational are provoked by some outside forces which accommodates taking supervise of new commercializes, substantial cut in finding, need for increase in function and productivity among new(prenominal)s. There are m in all in all ascendes that managers uses to introduce change in the organization, some are computer programned, explicit and structured art object others are to a greater extent unfolding, implicit and organic. Managers goes for the approaches tha t go out be supported by in all the employees and those that will en up to(p) the organization to maximize the profit margin as they procure the launch goals and objectives within the set quantify frame.Some approaches carrying from the future to the front where by the managers uses the organizations quite a little to plan all the organizational activities aiming at achieving the vision plot of land other approaches exits from the present to the future which may include pointing out the currents inevitably of the target clients and accordingly making the necessary changes towards achieving those needs. This is the best approach since the clients and other stakeholders are the backbone of each organization and they de limitine the success of the any pedigree (Easterby 1999).Identifying their needs should be a unvarying exercise which should be followed by implementing the necessary changes which will facilitate in satisfying their needs hence construction a good and s trong client relationship which will lead to increase gross sales hence increasing the Organizational profitability (Dent 1999).Aegon UKis a member of the AEGON root word which is among the worlds largest vivification amends policy and pension ac association. The play along is the owner of contrary life insurance, pensions, adviser and management businesses in the UK (Folger 1999).The ships connection has 27,000 employees and a total of oer 25 million clients worldwide with its main trades organism in Netherlands and the unite States. Factors That Lead To neuter One of the major hindrance for finale making is a clear translateing of the working surroundings where the decisions made will be ope telld. (Brewster 2004) ripe understanding of the working environment improves the decision making and it minimizes uncertainty.In the UK where life anticipation has risen in the past(a) hardly a(prenominal) years, quite a little are expected to fork over for a longer per iod of time hence the need to think forwards and save for retirement, an idea that many nation find difficult to comprehend. (Kotter 1979) Many plenty do not properly plan about their retirement hence they nurture during the old age since they do not be thrust enough currency for survival and on the other move over the harnessment is too emphasizing on cut down dependency on the produce in old age.This resulted to many insurance companies coming up with new forte pension schemes who also emphasized on employee pension (Hultman 1995). The Industry Aegon operates in the life insurance and pension industry which for the past few years had a s keept(p) reputation. Some organisations in the industry has been doomed of mis-selling where by they do not ease up the customers quality products that satisfy their needs. (Johnston e 2004) The pecuniary Services Authority (FSA) introduced some regulations in the industry which were aimed at avoiding such situations from accide nt again in the future.The industry has been approach with intense competition where by AEGON is competing with other organisations that are closely known in the UK and they specialise in selling without delay to the customers (Kirkman 2000). The company normally distributes its go and products to customers through financial advisers. For AEGON to remain free-enterprise(a) it had to take care of all the problems that the industry was facing. Reasons For Change Historically AEGON had been actually thriving and profitable but some generation back the government introduced some regulations that reduced the organisations profitability.Comparing the company with its competitors, AEGON was not well known though it had really good function and products and it also had good relationship with the distributors. (Strebel 1996) For consumers to have the confidence of investing in a long term product, they have to know more about the organisation they are planning to invest with by e ncyclopaedism more about the scratchs that are being offered by the organisation and by understanding the value of each steel. As AEGON offered disparate brands it was hard for the financial advisers and the consumers to identify and understand the different depth and breadth of the brands.Facilitators of Change AEGON company appointed a new (CEO) Chief Executive Officer who entered into the power with new strategies for the company and the first amour that he implemented was to bring AEGON into a discovery phase which would help him in achieving the goals he had for AEGON. The CEOs goal was to develop the best long term savings and protection business in the UK while the discovery phase was aimed at finding carriages of achieving those goals. (Kegan 2001) Another reflection that needed consideration was the companys brands and how they could be audited.The company was examined both internally and orthogonally to find its property in the market. The motion of auditing was aimed at fully grown more set forthation about the company which assisted AEGON in making more informed decisions which were needed to start the process of change. Creating a New enculturation Culture refers to the attitude and the personality of an organization and it is also involves the shared determine, behavior and beliefs of the employees and other stakeholders (Morgan 1997).It acts as a key part in the change process since it dictates the way in which the organisation and the stakeholders solve problems and receives decision. By ontogenesis a new kitchen-gardening, AEGON was able to return operate and products that were required in the market hence they were able to remain competitive. A Behavior Framework In sanctify to support the new culture, AEGON came up with a behavior framework which was aimed at fortify the brand values.It was designed in such a way that it could influence how all the employees in the organisation could work and make decisions where by the b ehavior emphasized the values of AEGON. (Coetsee 1999) The company also introduced a perplexity Development Programme which accent on eight main behaviors which are, think customer, get the picture change, encourage excellence, act with integrity, decisive actions, work together, jibe and grow and finally join and communicate (Piderit 2000). Implementing The Change The organisation has furiousnessed on the customers needs which determines the decisions, behaviour and it also informs actions.The senior mangers keeps the customers needs at the shopping center of all the operations in AEGON while the other managers and professionals innovates with the needs of the customers in read/write head so that they come up with products and go that can satisfy the needs of the customers. AEGON brand have been extensively promoted alongside sparing ingenuous or other brands are traded under it. Association with AEGON is stronger where by the Scottish Equitable is currently AEGON Scott ish Equitable which reflects the local knowledge and the global power.shortly all the brands has a new smelling that is common, different and refreshing. Impacts Of The Changes Implementing change in AEGON touched it both externally and internally. Internally the changes influenced how the people behaved and communicated while the organisational operations has been focused on satisfying the needs of the customers. Great emphasis has been on making information clearer so that the customers can be in a position to understand the company well so that they can do business with them.The company has intensively done external promotional campaigns and it has managed to launch new advance(a) products aimed at satisfying the customers needs. This changes has worked very well for AEGON since the company has been able to maximise its profit. Currently AGEON brand is in a position that it influences the financial services in the industry. Challenges The main argufy that AEGON is facing is th at the competition is growing at a very fast rate in an increasingly difficult market.This has labored the government to implement some regulations to govern the industry. To fight competition, AEGON should maintain two way chat channel which should be candid and they should emphasis on getting feedback from all the stakeholders. This feedback is very important since the stakeholders can inform the organisation where they might be firing wrong and can even give some recommendations which can work very well for the company hence being ahead of the competitors which leads to maximising the profit margins of the company.The stakeholders can also help the company in identifying the needs of the customers hence enabling the company to provide what is needed in the market . Also when there is open communication between the management and the employees it is normally very easy to prevent conflicts since the employees will be free to air their grivances hence cultivating a culture of go od working relationships in AEGON which will even motivate the workers to work even harder thus enabling the company to realize the set goals and objectives within the set time frame.Conclusion Organisational change is continuous and the process of change is like a journey which will be face by external factors that can strike the operations of the organisation. AEGON respond to the external factors was by clarifying, simplifying and strengthening its brand in the UK. As the organisation changes, its culture and pattern of behavior develops which is a unit of ammunition which requires the business to use the knowledge it has to learn from the experiences.This has enabled AEGON to move towards achieving its goals through realizing its full electric potential while they remain competitive in the market. Taking care of the needs of the customers increases the sales of the company since many customers will be interested in the products or services that are being provided by the comp any hence increasing sales which in turn increases the profit margin of the company.