Good sameritan essay Essay

Should being a Good Samaritan be a law? This is a question that many people do not think about everyday. In my opinion, I believe that there should not be a law on being a Good Samaritan. I believe this because; there should not be a law that causes human beings to put their lives at risk, only to save another’s. This may sound selfish but it is also the truth. Do you think its right for human beings to put their livea at risk to save anothers? The Good Samaritans USA are afraid to Act article states â€Å"They are imposing on us a duty to assist, provided we don’t put ourselves at risk.† (Sjoerdsma Paragraph 4) This means that if we have to be Good Samaritans then there is a chance that we are putting ourselves at risk. There is a chance that we could die. Therefore, there is a chance that there would be many deaths at a cause of this law. If you have a special relationship between the victims, then of course it would only be logical for you to help the person in need. For example, â€Å"certain people have a duty to take care of others†¦Ã¢â‚¬  (Sjoerdsma Paragraph 9) This would be like between a doctor and a patient. Then it would be the doctor’s duty to make sure that the patient is taken care of. Also the article states â€Å"instead of compelling reluctant incompetent people to intervene, we should concentrate in protecting Good Samaritans who act now without force of law.† (Sjoerdsma Paragraph 6) Here we can clearly see that humans can be good people without law forcing them to do so. It would be better for all of the US to feel like they are doing a good deed by being a Good Samaritan rather than a requirement. Therefore, it shouldn’t be a requirement for US citizens to always be a hero and do an act of kindness. This law would put not only one life at risk but the lives of many others at risk.

Myanmar

Myanmar is one of the most underdeveloped countries in the world. Despite its lush natural resources, the country formerly known as Burma has remained among Asia’s struggling economies, notwithstanding the fact that its neighbor, Thailand, has periodically rebounded from the boom-bust cycle of the international economy, including 1990s Asian Financial Crisis. Even if there be economic pitfalls like these, Myanmar has always been known for its two social pillars – the Buddhist monks and the Burmese military. For years, the these two socio-political institutions have always been embroiled in a love-hate relationship especially in amassing the support of the Burmese people, as evidenced in the current political crisis engulfing all of Myanmar today. On the other hand, it is important to note that Myanmar was a former direct British colony, from 1824-1886 and subsequently became a province of India until it gained full independence in 1948. Burmese history post-independence though may be best described as a waltz between the exercise of democracy and the iron grip of the Burmese military institution, as the Burmese military junta has always wielded political and economic power in Burma since the time of Gen. Ne Win until today, under the leadership of Gen. Than Shwe. Presently, several indicators may serve to show the level of development Burma has reached – the Per Capita Gross Domestic Product (PCGDP), Literacy Rate, and the Life Expectancy. These three are very important indices in determining whether or not the Burmese government and its people are successful in substantially improving the lives of members of their society. The Burmese PCGDP is pegged at $1,800 (2006 est.), a far cry from the $9,200 (2006 est.) PCGDP of its neighbor Thailand and even its similarly situated neighbor Laos whose PCGDP is at $ 2,200. (cia.gov) On the other hand, Burma has been successful in ensuring that majority of its population can read and write, as its 89.9% literacy rate is only a few percentages lower than Thailand’s 92.6%. Life expectancy in Burma is also very low at 62.52 years old, while Thailand’s life expectancy is at 72.55 years old. Actually, the life expectancy in more underdeveloped neighbor Bangladesh is slightly higher than the Burmese average, at 62.84 years old. (cia.gov) Over and above the usual economic explanations as to the depressing levels of poverty in Burma, a major basis for the continuing economic underdevelopment in Burma shall always be the authoritarian rule of the Burmese government and the patent lack of democracy and freedom in the country. A main factor for the stunting of the Burmese economy is the strict government controls on all sectors of the economy by the ruling junta. Even as the world has already started embracing the principle of eliminating barriers to international trade, the Burmese economy continues to institute questionable economic policies such as a distorted interest rate regime and multiple official exchange rates. (cia.gov) Moreover, the discredited image of the Burmese military junta to the world has also resulted in a lukewarm investment climate, diminishing foreign assistance by developed countries, and economic sanctions, especially due to its protracted and continued crackdown on pro-democracy dissidents including Nobel Peace Prize winner Aung San Suu Kyi. Such an unfortunate economic and political situation would definitely lead to dire results insofar as human development is concerned, the result of which would be the low life expectancy of the Burmese people. To a certain extent, it is very safe to surmise that the low life expectancy can be logically attributed to the failures of years of military junta rule in delivering basic social services to the people. Had the Burmese government been very effective in delivering primary healthcare to its impoverished countryside notwithstanding ensuring sustained food security, the necessary consequence of such a situation would perhaps lead to a higher life expectancy rate than what Burma currently faces. Apparently, if one looks at the CIA world ranking on life expectancy, Burma at 168th place would find itself in the company of countries and states which had histories of problematic governments and states which do not necessarily hold the interest of their peoples at heart due to pervasive corruption, civil strife, among others. (cia.gov) On the other hand, it would seem surprising that an impoverished country like Burma would have such a high literacy rate of 89.9%, especially as similarly situated underdeveloped countries such as Haiti and Cambodia have very low literacy rates, at 52.9% and 50.2%, respectively. The explanation for this would perhaps lie on the fundamental interest of the Burmese junta to educate and consolidate the people towards assimilating themselves to the legitimacy of the authoritarian regime, as an uneducated people would definitely plant the seeds of civil unrest and challenge the regime. This conjecture is offered in the light of similarly high literacy rates in other authoritarian yet impoverished regimes the world over, such as Cuba and North Korea, both of which have literacy rate of 99%. (cia.gov) The primordial prerequisite for the economic development of Burma today needs more than a simple implementation of liberalization measures in its economy, as the basic problem lies in the very structure of its institutions, particularly the manner by which the Burmese government wields power. If there is no room for discussion of different economic theories and policies which have worked for countless other impoverished nations, no shift towards economic liberalization and deregulation policies can ever be hoped in Burma as an authoritarian government shall always tend to believe only the policies and theories which it would want to pursue and implement. While a vast majority of the Burmese people is literate enough, it cannot be said fully at this point whether their literacy actually amounts to the development of countless professionals, scientists, engineers and skilled workers, as their poorly planned economy remains in shambles. In the ultimate analysis, prior to any economic cure which may be instituted to jumpstart its economic for the development of its resources and its people, a political solution must decisively be done if Burma is to move progressively and proactively forwards as a nation. Works Cited: Burma. CIA World Factbook. Retrieved from   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  November 20, 2007. November 15, 2007. Thailand. CIA World Factbook. Retrieved from   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   https://www.cia.gov/library/publications/the-world-factbook/geos/th.html,   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   November 20, 2007. November 15, 2007. Rank Order – GDP – per capita (PPP). CIA World Factbook.       November 20, 2007. November 15, 2007. Rank Order – Life expectancy at birth. CIA World Factbook.             November 20, 2007. November 15, 2007. Myanmar This essay will investigate the role of images in the media’s presentation of current events using the example of Myanmar/Burma protests. It is a well-known scientific fact that humans absorb the greatest amount of information through the visual channel; therefore, contemporary media places a significant emphasis on the use of effective images in the presentation of news. Images coupled with specific vocabulary are the most powerful tool of framing public discourse concerning current events. As for the background information about the crisis in Myanmar/Burma, there has been a series of protests against human rights abuses and crackdown on ethnic minorities going on in the country since late August. The protests have been started by monks and supported by ordinary citizens. In late September, the military government of Myanmar/Burma responded with the police violence and arrests. Such a response sparked a wave of international indignation, and both Myanmar/Burma activists and their supporters abroad call upon the international institutions to take a decisive action to solve the crisis that has not been fully settled yet. For the purposes of this essay, three most influential news media providers were selected, namely CNN, BBC, and Reuters. There is little variation in their representation of the events in Myanmar/Burma, yet each news provider uses its own set of images to communicate its message to its target audience. CNN launched a series of articles tracking down all the developments of the situation in Myanmar/Burma. The article ‘Satellite photos may prove abuses in Myanmar/Burma, researchers say’ (CNN, 2007) is accompanied by a photograph showing a crowd of monks on a demonstration who are surrounded by other citizens. Deep red apparel of the monks contrasts with predominantly white clothes of other citizens, yet this photograph communicates a powerful message that many Myanmar/Burma citizens are united around the noble cause of confronting their government because of human rights abuses. The photograph is probably taken from the plane or any spot high above the Earth surface. This very fact reminds the Western viewer that many media channels are banned from doing on-the-ground reporting from Myanmar/Burma. It further amplifies the perception of the Myanmar/Burma government as authoritarian and undemocratic one. The thing that is probably missing from the image is the presence of authorities. It is well-known that streets of major Myanmar/Burma cities are flooded with the police and sometimes special forces. While the image effectively captures the peaceful spirit of the protests and high level of self-organization, it fails to convey the atmosphere of confrontation between citizens and authorities. BBC frames the story with a noticeable human touch. British media is known to focus on the human factor before examining international political implications of a certain event. The story titled ‘Monks trying to escape Rangoon’ (BBC, 2007) goes together with a photograph of two young monks fleeing away at the top of a truck. In the background it is possible to spot several other trucks carrying other exiles away. This image communicates a dual message: first of all, it persuasively portrays Buddhist monks as innocent victims of the oppressive regime rather than violent protesters; secondly, it indicates that the number of exiles exceeds the number of transport facilities available to them. Furthermore, it makes viewers think about the future of the protesters who are forced to leave their home country because of their political beliefs. It also puts the story in the wider regional context, since the conflict in Myanmar/Burma will also affect all the neighboring countries if exile becomes mass. The inscription under the image reads ‘Many monks are desperate to leave Rangoon, witnesses say.’ The image advances the story by showing that the protesters are ready to trade the risk and insecurity of fleeing to another country from relative political freedom they can enjoy abroad. Another BBC story, ‘Burmese play tense waiting game’ (BBC, 2007), also features an effective use of visual images. One of the images that accompany the story features Gen Than Shwe who heads the ruling junta and controls the army. The facial expression of Gen Than Shwe is conspicuously aggressive and hostile. To the Western viewer, such an image reminds of other historical forms of military dictatorship, ranging from Soviet-era military buildup to juntas in Latin America. Perhaps the most effective use of visual images has been done by the Reuters (2007). Together with a series of stories, it offers a slideshow of 25 photographs representing the course of development of events in Myanmar/Burma. One of the photographs features a Buddhist monk standing by a placard that reads ‘Free Political Prisoners, Listen to the People.’ Young man is wearing glasses (the fact that resonates with the collective image of ‘intelligentsia’ from developing countries) and has a very determined expression on his face. While there is a grammatical mistake in the word ‘Political,’ the image still credits the protesters for their brave attempts to attract the attention of international community. In such a way, Western media frames the public discourse about the events in Myanmar/Burma is a sympathetic way and calls upon Western governments and international organizations to render necessary support to the peaceful protesters and population of the country. References CNN. ‘Satellite photos may prove abuses in Myanmar, researchers say.’ September 28, 2007. October 3, 2007. BBC. ‘Monks ‘trying to escape Rangoon’.’ October 3, 2007. October 3, 2007. BBC. October 3, 2007. ‘Burmese play tense waiting game. October 3, 2007. October 3, 2007. The Reuters. ‘Myanmar junta arrests more.’ October 3, 2007. October 3, 2007.   

Artificiality and Fallibility in Northanger Abbey

Artificiality and Fallibility in Northanger Abbey Jane Austen, through the development of socially conscious female characters, is able to render a remarkably accurate depiction of the social structure present during the late 18th century. Her social commentary, however, highlights certain unbecoming qualities in both her protagonists and antagonists, particularly their artificiality. This feature of her writing is especially evident in her satiric novel Northanger Abbey. While Austen is clear in her criticism of characters such as Isabella and John Thorpe, neither of whom is in Catherine’s favor at the end of the novel, the author appears to be far more accepting of the affectedness of General Tilney, who is portrayed as a severe but fair man. Through the artificiality of her characters and the claims she makes about them, Austen weakens the motifs she intends to exemplify, making her an unreliable author. General Tilney is consistently illustrated as a strange man with a somewhat severe manner. Despite this, the text never truly suggests that he is a bad man. He is kind enough to invite Catherine to stay with the Tilneys at Northanger Abbey and, although he is concerned with superficial things such as the grandeur of his home and the wealth of his childrens’ spouses, the text suggests that he wants only the best for his children. Near the end of the novel, Catherine even admits that General Tilney’s interference in their marriage may have actually strengthened the bond between her and Henry, for which she thanks the general: â€Å"†¦the General’s unjust interference, so far from being really injurious to the their felicity, was perhaps conducive to it, by improving their knowledge of each other, and adding strength to their attachment, I leave it to be settled by whomever it may concern, whether the tendency of this work be altogether to recommend parental t yranny, or reward filial disobedience† (Austen 235). Despite Catherine’s fairly positive opinion of him at the end of the novel, the general still proves to be quite artificial early on when, after trying so ardently to impress her in hopes of securing a wealthy wife for Henry, he rudely casts her out of his home without explanation upon hearing from John Thorpe that Catherine’s family is poor. Austen tries to forgive General Tilney’s bad behavior by stating that his conduct may have strengthened the bond between Henry and Catherine, yet his actions were undeniably callous, regardless of the end product. His superficial treatment of Catherine is based entirely off of his focus on money, and this quality makes it difficult to accept the positive light that Austen attempts to shine on him at the end of the story, causing her to appear unreliable as an author. The most artificial character of Northanger Abbey is arguably Isabella Thorpe. Although she initially appears to be perfectly friendly and immediately forms a close bond with Catherine, the text makes it clear that she is somewhat superficial and would be content gossiping the day away. On several occasions, she gloats her apathy toward financial status, claiming that â€Å"[her] wishes are so moderate that the smallest income in nature would be enough for [her]. Where people are really attached, poverty itself is wealth; grandeur [she] detest[s]† (112), as well as that â€Å"a [small] income would satisfy [her]†¦ [She] hate[s] money† (128). The reader, however, later finds that upon learning of her fianc? James Morland’s modest income, she immediately begins to flirt with Fredrick Tilney and eventually calls off the wedding. The reader even catches Isabella contradicting her earlier quotes when speaking to Catherine of her undesired gentleman caller, John T horpe: â€Å"You have both of you something, to be sure, but it is not a trifle that will support a family nowadays; and after all that romancers may say, there is no doing without money† (135). Even though Isabella claims on multiple occasions that finances do not concern her and that wealth even creates a deficit in relationships, she completely flips her argument in both her actions and opinions when she abandons James and tells Catherine that romance is not enough to support a family with modest income. Although Isabella is portrayed in an increasingly negative light as the plot progresses, she commits actions that are rather similar to those of General Tilney, but it is the products of their activities that appear to decide the author’s view of them. The characters’ actions are similar in that they both send away their respective Morlands upon finding that they are not wealthy, but their rewards differ: General Tilney is somewhat respected for the sternness that strengthened Henry and Catherine’s marriage, while Isabella is scorned by the narrator and essentially forgotten by the end. The narrator’s unequal judgment of each character again suggests that Jane Austen is unreliable in her portrayal of the morals she wishes to convey. In addition to the artificiality of Austen’s characters and the inconsistencies that they produce, the narrator also illustrates the same trait in her description of Catherine. Throughout Northanger Abbey, Austen repeatedly refers to Catherine as the story’s heroine. As early as the first pages of the novel, Austen builds Catherine up as the unsuspecting hero: â€Å"No one who had ever seen Catherine Morland in her infancy would have supposed her born a heroine† (13). Naturally, because of frequent recurrence of this description, the reader spends the entirety of the story waiting for Catherine to prove herself worthy of the title. Spoiler alert: she doesn’t. A heroine is admired for her courage and noble qualities, and although Catherine is consistently portrayed as having good nature and fair judgment, at no point does she truly verify that she is a great person herself. By failing to show what she repeatedly tells the audience to be true, Austen again i llustrates her unreliability as a narrator. Jane Austen is an author of critical acclaim within the literary world, but, like any other author, her writings exhibit many flaws. Her account of Northanger Abbey creates a social commentary in which she attempts to criticize the superficial foci of the era’s social scene. Her success in conducting an efficacious critique, however, is hindered by inconsistencies in the artificiality of her characters and their descriptions. Through the artificiality of her characters and the claims she makes about them, Austen weakens the motifs she intends to exemplify, making her an unreliable author in her account of Northanger Abbey. Bibliography Austen, Jane. Northanger Abbey. New York: Penguin Books, 1995. Print.

Discuss Greek ideas of Democracy, Citizenship, voting Essay

Discuss Greek ideas of Democracy, Citizenship, voting - Essay Example The best example we have of citizenship in Greek times, is Athens where only adult males born to Athenian parents that had gone through military training were known as citizens who had the right to vote. Women, children, slaves and anyone who owed a debt to the city would not be allowed to vote. However, as was the case in later democratic systems, owning land or property was not a qualification required for voters or citizenship. In terms of political action and the number of votes cast, some citizens were more participatory than others just as it happens in the world today (Fotopoulos, 2008). The voting on various matters took place in an assembly of the citizens but these citizens were not elected as in a parliamentary system. The democracy as well as the functioning of the government was based on a direct system in which any adult make citizen could take part in the decision making process and it was considered an important duty of the citizen to do that. The officials who government this process could be elected or might be selected randomly from the assembly itself. The matters before the assembly varied in terms of their magnitude ranging from granting citizenship to some to dealing with political crimes (Fotopoulos, 2008). Before the vote was cast, speakers could make speeches supporting or opposing the motion before the assembly and then citizens would vote on the motion by a show of hands. The system worked without any political parties and the motion was carried or defeated simply by plain majority. The votes were not counted but simply reported by plain sight since thousands of people may be attending the assembly. Not only was the system quite simple at the heart of it, it also seems to be quite participative (Fotopoulos, 2008). This becomes the very root of the democracy that it was participative since the people present at the assembly had to cast their vote according to the conscious they had and the information

Leadership Theories Essay Example | Topics and Well Written Essays - 2000 words

Leadership Theories - Essay Example The intention of this study is a leadership as an effective tool for any person to establish the idea of an individual and apply the concept to a group of people. For the implementation process an individual needs to possess certain characteristics and qualities to motivate the others and change the behavior of the other person to accomplish the goal. Some of the greatest successes of individuals in the industry have been because of the leadership attributes they possessed and the way they used them to influence others. Thus leadership has been described as the process of social influence in which an individual uses the support and of others for the purpose of accomplishment of tasks. Apart from influencing the behavior of others, leadership plays the crucial role of integrating and utilizing available resources in the external and internal environment for the purpose of attainment of societal and organizational goals. The aim of making a behavioral analysis is to provide individuals with the awareness of his behavioral traits and styles. The awareness helps people understand why he reacts in a certain way in a particular situation and why others react in the way they do. Analysis of the various behavioral leadership styles through proposed by researchers and practitioners would help me understand my leadership traits better and the reasons how they have been accrued. The origin of the behavioral theories was primarily out of the shortcomings of trait theories which were criticized of being inconclusive and incomplete. Some of the attributes like integrity, honesty, diligence and loyalty were not measurable using trait theories and this has triggered the creation of the behavioral school of thought initiated by Douglas McGregor. The emphasis of the theories was primarily on human relationships along with performance and output (Bolden, Gosling, Marturano & Dennison, 2003, p.7). McGregor’s Theory X & Theory Y Managers McGregor’s X and Y theory is a simple and salutary reminder of the rules for managing people which are easily forgotten under the pressure of regular businesses. His theory provides some of the basic principles on which the management techniques and styles can be applied. According to his ideas, managers following the theory X generally end in poor results while the enlightened managers following theory Y end up getting better performance and results. Moreover, the enhanced performance also allows for the growth and development of individuals in the organizations (Schermerhorn, 2010, p.38). As per his views managers holding the assumptions of theory X generally believe that people working for them dislike work, lack ambitions, are resistant to change and generally prefer to be guided completely rather than to lead. His other argument is that managers following assumption Y are of the opinion that people are hard working, full of self control, accepts responsibilities, creative, imaginative and are capable to lea d themselves properly (Schermerhorn, 2010, p.38). Resulting from his experience, McGregor presented a summary of the assumptions followed by managers in

Managing Product-Harm Crisis Essay Example | Topics and Well Written Essays - 1000 words

Managing Product-Harm Crisis - Essay Example What are substandard or defective products? These are products that are harmful and dangerous to consumers, therefore organizations recall such products. Recalled products are the contributors of product-harm crisis. According to Vassilikopoulou et al. (2009), product-harm crisis occurs as a result of having defective products that are harmful to consumers in the market. Though organizations seek for better and improved products, departments in charge of inspections in an organization may still miss to identify the defects of such products because of negligence. While the expectation is that running an organization comes with several ups and downs, having a product-harm crisis tops the list because of its detrimental effects of an organization. Organizations need to maintain their products’ based on the required safety levels. Consumers lose faith in a company if they find the product it offers is harmful. A harmful product is not only dangerous to consumers but also hurtful to the ecosystem. For example, milk spiked with melamine is not only harmful to human beings, but to animals such as cats and dogs. Therefore, organizations need to examine the factors that contribute to product-harm crisis because it affects it directly affects a company’s success. Yannopoulu et al. (2011) claimed that product-harm crises are crises because they directly control the media and the consumers. For example, the media spreads the news to the consumers in way that may influence them negatively. In addition, after watching the advertisements or news, consumers pay more attention to the name of the organization selling defective products or the defective product.

MGT 5400 Individual Project Dissertation Example | Topics and Well Written Essays - 750 words

MGT 5400 Individual Project - Dissertation Example This is therefore an interventional training of moving an organization from the chaotic level to the high performance level. The purpose of this intervention is to train participants into merging theory with understanding to cultivate best practice in the development of sustainable growth of an organization. The benefit of this intervention is ensuring that organizational development personnel are able to understand the variables that play a significant role in defining the stage of an organization. This case, the organizational development personnel will be in a position to diagnose organization problems and challenges prior to intervention by defining the stage an organization is functioning through at any given period or timeframe. The chaotic stage of an organization is a diagnosable stage that many organizations will shift their priorities into interventional measures based on as it acts as the base stage upon which intervention can be associated with and aimed at resolving. The refore, stability and high performance stages are the deliverables of this intervention based on the chaotic and problematic stage. Theoretical Background A chaotic organization is one that operates at the brink of spinning out of control. The most important variables of an organizational development such as policies, standards, and expectations are normally unclear and decisions are made to deal with mounting pressure for reactive solutions (Allen, 2012). In this organizational stage, individuals are overwhelmed with fear and opt for self-protection mechanisms through blaming and criticizing others rather than taking responsibility to implement or put their lines of thought into a constructive task or commitment. On the other hand, a stable organization is one that has its policies, standards, and structure organized in a manner that allows predictability and control. The goals of operation are known and individuals have specific responsibilities to accomplish individually and as a team. Dutifulness and fairness expectations are the major defining characteristics of this environment (Allen, 2012). The high performance stage of an organization allows shared ownership. Employees are considered part of the stakeholders of the organization and their efforts are geared to ensure the success of the organization. High participation and collaboration rates are defining characteristics of the high performance organization. Members of this organization are highly geared to portraying high decision-making and problem-intervening responsibilities. Ignoring policies and rules, the members of the high performance organization are attuned to realizing the mission of the organization (Allen, 2012). Outline of Training The training activities of the intervention program for ensuring exceptional and justifiable results within an organization include; Diagnosing chaotic organization Defining organizational development stages Identifying deliverables Identifying limitations to s table and high performance organizational stages Activity Instructions Diagnosing Chaotic Organization Identify crisis focus mentality: Fish for reasons that trigger reactive approaches to problems. Identify unclear goals and directions: Filter important from unimportant goals and directions and set priorities Identify the number of shifting priorities: Table all priorities and rank them then

Employee Re-sourcing & Development Essay Example | Topics and Well Written Essays - 1500 words

Employee Re-sourcing & Development - Essay Example Since January Safeway have refocused their activities on managing change and over 120 staff members have participated in these courses to date. Safeway's normal skills training for store staff, launching apprenticeship programmes for butchers, fishmongers and florists. Additionally, 210 bakers completed the craft baking NVQ, while over 7,000 of Safeway's people have now received craft skills and systems training at one of Safeway's three regional training centres. (Beardwell, 2001-58-62) Delivering the best customer service continues to be a high priority. During the year Safeway extended Safeway's Star Service programme to include a new initiative designed to help Safeway become the "friendliest store in town". Safeway's people in stores have been asked to concentrate on "smiling, greeting, helping and thanking" customers every time they have contact with them. High standards are expected and by the end of the year independent monitoring showed that over 90% of Safeway's stores were either meeting or close to meeting all of these targets. (Corbridge, 1998, 78-86) Safeway employs approximately 85,000 people in stores, depots and offices across the UK. Through Safeways employment policy Safeway aim to provide fair treatment for all colleagues, invest in their development, protect their well-being and keep them both informed and involved. In 2004/05 Safeway defined 12 employment and training targets to ensure that these aims were achieved. For example: Safeway encourages open and honest communication through a range of initiatives. Safeway conduct a 6-monthly survey of Safeways colleagues, "Survey for Everyone", which allows every individual to give feedback on their job, their manager, their location, Safeway as a place to work and their perception of the Company's performance. At local level, teams of colleagues are empowered to take action on anything arising from the survey results. Other initiatives such as focus groups and Safeways intranet facility ("Grapevine") are referred to in the Chief Executive's review. Safeway have established a Colleague Council for the Hayes site, with representatives elected from all Head Office divisions. The meetings have opened up a valuable channel for two-way communication with employees to discuss how Safeway can improve the way in which Safeway work together. Such has been their success that Safeway have already begun to roll this out to other areas of the business. Safeway's centralized recruitment centre at Warrington is now fully operational and receives an average of over 11,000 hotline calls per week. Safeway also receive over 800 job applications through Safeways website every week. Safeway have enjoyed ongoing success in working with the Investors in People framework, with several divisions achieving recognition and a significant proportion of Safeways store colleagues working towards accreditation. Storebrand Investment's assessment of 86 retailers worldwide in 2005, which included Safeway in the top 30% "best in class" of its sample. Safeway are pleased with these results and will continue to work with all these

Determinants of financial conservatism in the United Kingdom and Dissertation

Determinants of financial conservatism in the United Kingdom and France - Dissertation Example In the first section, which serves as a background and motivation for this investigation; the empirical studies into financial conservatism and debate on its existing measures in a summarized form has been laid out. In this chapter, a detailed literature review is presented, which elaborates on the various schools of thought regarding conservatism. The next section describes about financial distress. The co-relation between financial distress and financial conservatism is discussed. The analysis has been carried out on financial models of Ericson (as an example from the literature), Alcatel-Lucent and England and Wales Cricket Board (their financial report) as case studies and the results have been discussed to establish that the financial conservatism has its standing and strengths in corporate governance to the modern corporate world. In addition, a comparison of the term Financial Distress with the Accounting Conservatism from the literature concludes that financially conservative firms do not depend on financial distress. To carry out this comparison, a sample of small firms that defaulted on their bank debt in UK and France is taken and analyzed. The last part is devoted to the conclusion of our analysis efforts. From this study, we conclude that financial conservatism is very independent of financial distress and provides more flexibility to the firms. We find that there are several reasons to use accounting conservatism in corporate governance and that current empirical evidence indicates that conservatism has increased in the last decades. Key terms; International Financial Reporting Standards (IFRS), Financial Conservatism, Cash conservatism, Leverage Conservatism, Regression Analysis, Statistical Mean, Empirical Measure/Model, Data, Cash Flow, Financial Distress, Bankruptcy and Proxies CHAPTER 1: INTRODUCTION OF CONSERVATISM 1.1 Introduction Conservatism is the most influential principle of valuation in accounting (Watts, 2003).It is defined as the di fferential verifiability required for recognition of profits versus losses. Firms employ this approach to restrict the risk factor by anticipating/ portraying lower profits along with higher losses. According to the principle of conservatism in accounting in case of doubt, the accounting alternative that is least likely to overstate assets and income should be chosen. (Schroeder et al., 2001, p.78). The conservative accounting method influences both on earnings and on net asset value. The effect on earnings will depend on whether the investments are growing, stable or decreasing. Conservative accounting always results in a lower net asset value of the company. Thus, conservatism of the firm can be evaluated based on either its leverage conservatism (low leverage firms) or cash conservatism (cash rich firms) or both. (Iona et al., 2004). It is employed to avoid any misunderstanding regarding the company’s financial standing with the internal as well as external shareholders. T hese stakeholders can be the business shareholders, debt holders and the management. 1.2 General Approaches to Financial Conservatism 1.2.1 Revenue Recognition Firms commonly impose a strict revenue recognition policy as part of their conservative policies. This ensures that the company does not over state its revenue, hence reducing the chance of inflated gross profits appearing in its financial statements. For this purpose, the revenue is recognized only when the products are sold/services completed; all transactions are realizable. 1.2.2 Overestimation of Allowance for Bad Debts This policy is placed to cater for a worst-case scenario

Design, conduct and report on interviews with parents. (Pedagogy and Essay

Design, conduct and report on interviews with parents. (Pedagogy and play) - Essay Example The early years of children, the period of immaturity, is an important time to develop behaviors (Bateson, 2005). And through play many key skills and desired behaviors can be developed. With the effective utilization of play, many social skills and problem-solving strategies can be nurture(Smith, 1986).However, in past, the influence of the play and its role in child development and growth was not understood (Bruner et al, 1976). In the following I will present my findings about the perceptions of parents regarding play and its pedagogical value. I interviewed two ladies. First is Mrs, Hubert , a housewife and mother of Nany a 5 year old girl. Second lady is Ms.Tina mother of Ted –a 4 year old boy. 2. Overall views about play Both of the parents viewed play as a ‘natural’ need of the children. Their views matched that play helps in better growth and development of the body and mind. One parent, Nany’s mother, said that play involves such a diversified proc esses which help in naturally acquiring many key skills including ‘imagination, creativity, better expression and interpersonal skills’. Their views about play are well developed. Many researchers like Moyles( 1994), Glickman( 1981) similar kind of expression about play. In their opinion play is an informal way of developing children’s skills and behavior. . 3. The value of play in child growth and development Ms. Tina , mother of 5 year old Ted, said that there must be a balance between study and play. Her point of view is that, if child get more involved in play, her studies would suffer. As she emphasized ‘balance’ is the key word On the other hand, Nany’s mother, Mrs Hubert , is of the view that play till the age of 5 or 6 year is more important than studying at school. She said that play will teach them a lot in a natural environment. For instance , she said that playing in teams or pairs teach them tolerance and teamwork. There is a slig ht difference in the point of view of Mrs. Hubert and Ms.Tina. The former values play more that study. This difference is rooted in the difference of life style. Ms. Tina is a working lady where as Mrs. Hubert is a house wife. However, both the ladies agree to the following points about the value of the play. 3.1. Develop Mutual Respect Both the parents pointed out that games help in treat each other with respect and understanding others view point. An Innate demand of play is co-existence. Bateson (2005) has said that play samples whole life and children learn and practice behaviors adaptive to that environment. 3.2. Principled Life Both the parents agree that children learn to follow the rules and principles in playing games. This makes them more principled and disciplined. â€Å"Perhaps socially responsible†, Ms Tina said, â€Å"you don’t have force them to follow your opinions, likes or dislikes, just offer them ‘rules of game ’ and life will be easyà ¢â‚¬ . This concept of play as preparation for life was presented by Groos in 1898(Play Theories, 2008). Thus play will teach them the thing that will make them more law abiding and more responsible citizen. 3.3. Fostering Freedom and Responsibility Ladies are agree that play fosters sense of responsibility in children. As they learn to respect each other and follow the ‘rules of game’, they become more responsible. Mrs. Hubert put it in this way: you

Personal Statement of Interest for Graduate Admission at the University of Baltimore Essay Example for Free

Personal Statement of Interest for Graduate Admission at the University of Baltimore Essay Life always takes me to a new and exciting experience each day. I believe everything that happened to me made me a person better than I am yesterday. It is a roller coasters experience since I meet every ups and down in life I always look forward in the future with much anticipation. I have a heart full of hope and a determined mind to succeed in everything I do. This is why I decided to apply on Baltimore’s graduate program on the field of Public Administration. I have the right mindset and I possess the necessary skills needed for the said program. I am looking forward to a future full of hope. I believe I can make all my dreams a reality come true. My name is (insert your name here) and I am currently studying at the University of Baltimore where I am taking up Bachelors Degree in Business Administration specializing in Human Resource Management. I will be graduating on January 11, 2009. I really cherish this educational institution because it honed me to be the best student that I can be in this field. I believe that the educational experience I had is still not enough that is why I continue to quest for knowledge and pursue another degree this coming Spring Semester of 2009. I wish to pursue another degree which majors in Public Administration specializing in Public Policy and Administration. I consider education as the most important factor geared towards success; and in order to achieve such, hard work and dedication should be exemplified in school. I am determined to succeed in life and continue the said degree until the end. I gained my degree in Applied Science in Business Administration last June 12, 2006 from Monroe College in New Rochelle, NY. I made it on the President and Dean’s List each semester and gained a 3. 5 GPA upon graduation. I treasure every achievement that I receive and impart it to my family and the institution where I am studying. I believe that it is always right to bring back the glory to the ones who assisted you towards success. Gaining recognitions is my way of paying tribute to my mentors and friends. Currently, I am part of the Helen P. Denit Honors Program where I am proud to say that I possess a GPA of 3. 4. I am also an active member of the Caribbean Students Association and Human Resources Society. I am happy being part of the aforementioned affiliations because it adds up meaningful experiences and lessons to my being. I also meet diverse people from different walks of life that made me more prepared for my future profession. Being one of the Dean’s Lister of the University of Baltimore boosted my pride and ego even more. Having a master’s degree in Public Administration will make me a more complete professional. I will be more aware of the knowledge and skills necessary to succeed in life. It will be an additional spice to the previous education that I had. The University of Baltimore is equipped of the professors and educational resources that will make me an expert in this field. Studying on the same university where I graduated is like a home away from home. I already feel the warmth and friendliness of future professors and colleagues. Another reason for attending University of Baltimore is the reputation that it possesses when it comes to catering transfer students. When I transferred there from Monroe College, I experience its strong reputation and I felt a smooth transition because of its accessible course schedules. It offers a wide array of information and facilities that helps in cultivating the knowledge to promising students like me. I believe that it is important to stay in this university as a sign of loyalty and integrity. In addition I have learned so much from my professors and classmates especially when it comes to confidence and moral boost. It opened up gates of opportunity for me to stand up and be known for what I am knowledgeable. The educational experiences at University of Baltimore were all priceless. After completing my master’s degree, I am planning to go back to the United States Virgin Islands. I wanted to receive a master’s degree in Public Administration because of my willingness to relocate back home. I believe that it is one of the best things that I can carry with me because it will contribute to my society. Back in the Virgin Islands a degree in Public Administration goes a long way because everything there is centralized around the government. I believe that I will be given the chance to move up easily in an organization because it is a small island working in a private industry where a person’s ability is very limited. I would be able to move around and cross-train in the different fields and departments because I have a degree in Public Administration. Success has been attributed to the lessons learned in the years ahead. These are the little things that help us become prepared for the difficulties that life has to offer Through my hard work and patient, I believe that I will be able to gain a great deal of experience on how to make it big in this field of interest. Furthermore, I realized that rendering my services I Public Administration would bridge gaps between people. In this light, I had to improve and level up my skills in this degree for me to practice the profession. Being an Employee Development Specialist is one of my foremost ambitions. Being on the said career will make way for me to be a pride in the government of the United States Virgin Islands. I know that this is very suitable for my persona because it involves both my undergraduate degree in Human Resource and future degree in Public Administration. Aside from this, I also intend to work out an overall career goal and that is to work and move up in the different careers in the Human Resource Field. There are skills and virtues needed for one to be successful in life. These are not simply found inside our house or outside the classroom. It needs to be gained earned the hard way. Sharing an insight by using my experience to one of my favorite sports will give you a clearer meaning of this. Playing (insert name of favorite sport here) is indeed my cup of tea. But at first I was really hesitant to play because I’m afraid I don’t have any knowledge at all or the right skills to play it good. But as time goes by I was able to grasp all the necessary requirements to meet the goal. Achieving it was never easy. Rather, it involves the presence of mind and the ability to cooperate with everyone in the team. For this I have learned the importance of coordination and team work. I believe that those are the most difficult tasks to achieve. We solely rely on ourselves for everything, and in so doing, there are certain things in life that need to be shared. Heroic acts may seem simple, but these are the things that cause much confusion on the side of people. I believe that just like playing my favorite sport, the filed of Public Administration is a big challenge. It is a long and winding road to take but I will never loose courage to meet the goal. I wish to work on future public policies and administering it all the best that I can. Tantamount learning will compensate the things that I gained from school and this will make me stand out among the rest. As a token of appreciation from my Alma matter, the recognitions I will receive in the future for this field will be dedicated to Baltimore. Education may seem difficult to achieve, but it is the best solution to a better life. There will be tough times but I believe that I can surpass it all. I will learn that through time, I can hone myself and be successful in my chosen path. Regardless of how others try to pull me down, there is no way for them to steal the knowledge that I have acquired over the years. Although it may seem like a dream, I want to be known as someone who has contributed much to my society. Although this may sound off, I believe that anyone can be successful, as long as he puts his heart and soul into it. Hard work and dedication are needed in order to become the striking individual that I want to be. Public Administration covers many areas that gave me challenges and opportunities. Becoming a professional in this field is a life long dream for me that will meet both of my philosophy and career goals. I am more than ready to take courage and travel the journey towards my ambition of being a successful professional of Public Administration in the future and help people the best that I can. All my personal qualities and experiences made me a clearer understanding of this profession as it made me realize the importance of choosing this career. I am a very passionate individual and I use this as one of the driving key to strive hard and be excellent in Public administration. I want to give service to the people and give dedicate to them the best of my capacity and at the same time build a personal relationship with them. Personal experiences gave me learning and responsibilities that molded me to be what I am now. My endeavors in life that I wished to happen at the right time come with great purpose. I believe that I have the capabilities and I am highly motivated to succeed in this career that I choose to take. I want to illustrate the qualities that I have that will help me succeed in pursuing my degree in Public Administration. I see my personal and academic experiences as stages of growth that have helped me to understand my own potential and the road that I wish to take in life. While vast opportunities are before me, I feel that my true calling lies in the fascinating and challenging world of Public Administration. I take one step at a time to manage my skills in a way that will lead to further enhancement and development. Life is a roller coaster and there are certain events where my abilities are put into test which later on taught me how strong I should be. I firmly believe that this is a course that would help me shine as an individual. I thought about my future and what I really wanted to do with my life. I plan to further enhance my craft through this degree and eventually be successful in this field. Highly motivated I believe that having Public Administration as a degree will surely ease the path towards reaching my goals. I look forward to my future with great anticipation. I know that the time has finally come for me to realize my dreams and make them come true. From everything that has been said, I believe that the education and training that University of Baltimore would provide me with, would be of great help in my quest for further studies. My goals and aspirations in life would become one step closer at a time. I would be regarded as the man who lives for tomorrow.

Promotional Strategy Essay Example for Free

Promotional Strategy Essay There are various ways to communicate with potential customers. Promotional strategy includes a mix of advertising, publicity, sales promotions, personal selling, and public relations. Each component of the promotional mix plays a role in your effort to have potential customers learn about your business and buy your goods or services. Your promotional strategy must address the who, what, when, where, and how much money to spend. The Who of Your Promotional Strategy No business can be all things to all people, and no business has an unlimited amount of money to spend on its promotions. You will need to be sure you direct your effort and money to your target market. The better you can identify who is in your target market, where they live, what magazines and newspapers they read, what television stations they watch, and what radio stations they listen to, the higher the probability that you will be able to get their attention and influence their behavior. If you can identify your target markets demographics, then you can check the listenership, viewership, and readership profiles for various media, including local radio stations, newspapers, magazines, and television stations. For example, if you are opening a clothing store and the primary target market is teenage girls, then you should review the rating of radio listenership in your geographic area. Most radio stations have a copy of the ratings. You will be able to determine which radio station has the highest listenership in that age category. The A. C. Nielsen rating service does the same for television viewership. The What of Your Promotional Strategy The what involves determining the message you should communicate to your target market. Your promotional strategy is intended to take people who may have varying degrees of interest in your type of goods and services and get them to become your customers. You will need to know who they are, who they are currently buying from, why they are buying the goods and services, and to what extent they are still customers in search of a business. Your promotional strategy is intended to get the people in your target market to modify their behavior. The message you send to the people in your target market must be tailored to their mental frameworks. Your message must also provide the incentive for them to do business with you. Your promotional strategy should be based on: (1) Who do you want to influence? (2) What do you have to offer them that is better than the competition? and (3) What do I need to communicate to them to get them to become my customers? Your promotional strategy should emphasize your competitive advantage(s). Successful promotional strategies are based on the concept, If everyone is offering a steak, then you must sell your sizzle! You must know what your target market values. Your strategy should highlight your businesss unique selling points/propositions. The When of Your Promotional Strategy There are four major intervals for promoting your business. The first is preening promotion. It is very important for a new business to generate customer interest before your business opens its doors. You want your target market to be anxious for your business to open. Some businesses do teaser advertising. A teaser ad may be, the countdown has begun; there are only 60 days until Company of Miami opens. This business may do teaser advertising by erecting a sign where the business will be located. Your business will also need to provide ongoing promotions. Your existing customers will need to be kept informed about developments in your business. You will also need to let potential customers learn about your business and its sizzle. Most new businesses tend to have a token grand opening promotion and do little after that. You need to develop an ongoing promotional program that will keep your business in your target markets minds. If the world doesnt know about your mousetraps advantages and the market doesnt know where your door is, then you will not sell a single mousetrap. The Where of Your Promotional Strategy Your promotional strategy will only be effective if its message gets to your target audience at the appropriate time. The where of promotional strategy involves the media you use to communicate with your target market. There are numerous avenues or media available for promoting your business. The key is to know which media will produce the best results. The media to be used will depend on to whom you want to direct your message, the nature of the message, and when it needs to be presented. Each type of media has advantages and disadvantages. Television offers color, movement, sound, and broad geographic coverage. Radio offers a means to get to a large number of people at various times of the day and night. Newspapers offer daily coverage to a large percentage of an areas households. Direct mail permits you to send your message to a specific group of people. Billboards take advantage of a captive audience while people are in their automobiles. There is no one best medium for all businesses. There is no one best medium for every type of message. When asked which medium is the best, the answer can only be, The one that does the best job of attracting customers per dollar cost. Your promotion budget also influences media selection. You want to get the best return per dollar invested in promotion. One medium may cost less than another, but you need to determine which one will do the most effective job of getting your message to your target market. businesses frequently evaluate media in terms of the cost of reaching each 1000 potential customers. The How Much to Spend Part of Your Promotional Strategy The question of how much money to spend on promoting your business is very difficult to answer. Some businesses spend a certain percentage of projected sales on promotion-related activities. If, for example, you are trying to generate sales of $ 100,000 for the first year, then you may want to review trade data on your type of business to learn what percentage of sales you should spend on advertising. Bank of America reports that the average ad expenses for apparel stores is 2 to 3 percent of sales; for bookstores, 1.5 to 2.5 percent of sales; and for gift stores, 1.5 to 2.5 percent of sales. These figures reflect annual budgets for existing businesses. Your first years promotional budget will need to be a larger percentage of sales because your business will be unknown and you will be trying to divert customers from other businesses. The percentage-of-sales method may provide a general idea of how much to spend, but spending a certain percentage of sales on promotion does not guaran tee that you will generate that level of sales. The best way to determine your promotional budget is to identify what you want to accomplish. This is known as the target approach. If you want to have 8 people come to you each week, then you need to determine what type and amount of promotion you will need to do to achieve that goal. You may find it will take 3 primetime radio spots per day on two different radio stations; a two column, 3inch ad in the local newspaper on Mondays, Wednesdays, and Fridays; 2 billboards located on two major thoroughfares; and 1000 direct mail promotions per month to achieve your goal. The target approach recognizes that you must reach a critical mass before your promotions will have an effect on the market. The percentage-of-sales approach indicates what businesses spent. The target approach determines what you think it will take to achieve your sales goal. The target approach is particularly appropriate for a new venture. There are two other approaches businesses may use to determine their promotional budgets. Some businesses simply try to match their competition. They monitor the number of radio spots aired and the amount of ad space in the newspaper. The businesses then match their major competitors promotional program. This approach has two flaws. First, it assumes that your competitors are doing the right type and amount of advertising. Second, if you dont do a better job of promoting your business than your competition, why should your target market do business with you? The other approach to developing a promotional budget is based on how much you can afford to spend. This may be the least effective approach. It assumes that you have allocated money to all of the other aspects of your business. Any money that is left is what you can spend on promoting your business. You must recognize that you need to do promotions to generate sales. If you hope to have enough sales to leave you with enough money to do promotions, then you have things backwards. It is interesting to note that most people are reluctant to spend much money promoting their business. This reluctance is quite natural. Money spent on promotions offers no assurance that it will bring in enough customers to justify the expense. One of the sayings about advertising is, Only one-half of advertising works. The problem is that you dont know in advance which half it will be! However, promotions should be viewed as an investment that is necessary to generate the level of sales needed to produce your targeted level of profit. The Promotional Mix Most of the discussion of promotional strategy has been focused on advertising. Promotion also includes the name you choose for your business, its sign, personal selling techniques, point-of-purchase displays, special sales promotions, public relations, and publicity. Publicity may be particularly important for a new business. Publicity is defined as media coverage for which you dont pay. Many radio stations, newspapers, and television stations do features on new businesses when they open. If your business is the first of its kind in your area or if it has some special sizzle, you may be able to get the media to do a special feature on it. You should make every effort to get in touch with the media before your business opens. Publicity can be equivalent to thousands of dollars of free advertising. Publicity is also valuable because potential customers tend to pay more attention to features than to advertisements.

Ranbaxy Laboratories Limited

Ranbaxy Laboratories Limited Ranbaxy Laboratories Limited, Indias largest pharmaceutical company, is an integrated, research based, international pharmaceutical company, producing a wide range of quality, affordable generic medicines, trusted by healthcare professionals and patients across geographies. Ranked 8th amongst the global generic pharmaceutical companies, Ranbaxy today has a presence in 23 of the top 25 pharmaceutical markets of the world. The Company has a global footprint in 49 countries, world-class manufacturing facilities in 11 countries and serves customers in over 125 countries. In June 2008, Ranbaxy entered into an alliance with one of the largest Japanese innovator companies, Daiichi Sankyo Company Ltd., to create an innovator and generic pharmaceutical powerhouse. The combined entity now ranks among the top 15 pharmaceutical companies, globally. The transformational deal will place Ranbaxy in a higher growth trajectory and it will emerge stronger in terms of its global reach and in its capabilities in drug development and manufacturing. Financials Ranbaxy was incorporated in 1961 and went public in 1973. For the year 2008, the Company recorded Global Sales of US $ 1,682 Mn, reflecting a growth of 4%. The Company has a balanced mix of revenues from emerging and developed markets that contribute 54% and 39% respectively. In 2008, North America, the Companys largest market contributed sales of US $ 449 Mn, followed by Europe garnering US $ 330 Mn. Business in Asia is going strong with India clocking sales of around US $ 300 Mn with market leadership in several business segments, backed by strong brand-building skills. Products Using the finest RD and Manufacturing facilities, Ranbaxy Laboratories Limited manufacture and markets generic pharmaceuticals, value added generic pharmaceuticals, branded generics, active Pharmaceuticals (API) and intermediates. The Company remains focused on ascending the value chain in the marketing of pharmaceutical substances and is determined to bring in increased revenues from dosage forms sales. Ranbaxys diverse product basket of over 5,000 SKUs available in over 125 countries worldwide, encompasses a wide therapeutic mix covering a majority of the chronic and acute segments. Healthcare trends project that the chronic treatment segments will outpace the acute treatment segments, primarily driven by a growing aging population and dominance of lifestyle diseases. Our robust performance in Cardiovasculars, Central Nervous System, Respiratory, Dermatology, Orthopedics, Nutritionals and Urology segments, clearly indicates that the Company has strengthened its presence in the fast-growing chronic and lifestyle disease segments. Introduction to the industry The Indian pharmaceutical industry currently tops the chart amongst Indias science-based industries with wide ranging capabilities in the complex field of drug manufacture and technology. A highly organized sector, the Indian pharmaceutical industry is estimated to be worth $ 4.5 billion, growing at about 8 to 9 percent annually. It ranks very high amongst all the third world countries, in terms of technology, quality and the vast range of medicines that are manufactured. It ranges from simple headache pills to sophisticated antibiotics and complex cardiac compounds; almost every type of medicine is now made in the Indian pharmaceutical industry. The Indian pharmaceutical sector is highly fragmented with more than 20,000 registered units. It has expanded drastically in the last two decades. The Pharmaceutical and Chemical industry in India is an extremely fragmented market with severe price competition and government price control. The Pharmaceutical industry in India meets around 70% of the countrys demand for bulk drugs, drug intermediates, pharmaceutical formulations, chemicals, tablets, capsules, orals and injectibles. There are approximately 250 large units and about 8000 Small Scale Units, which form the core of the pharmaceutical industry in India (including 5 Central Public Sector Units). Company analysis:-Key Strengths Company growing faster than the market. One of the largest distribution networks that comprises 2500+ skilled field force. Dedicated task forces for specialized chronic therapies A strong player in the NDDS segment. Key brands include Cifran OD (Ciprofloxacin), Zanocin OD (Ofloxacin) Sporidex AF (Cephalexin) Strong brand building capabilities, reflected in the fact that around 20 brands feature in the Top-300 brands of the Industry list. Leading brands are Sporidex (Cephalexin), Cifran (Ciprofloxacin), Mox (Amoxycillin), Zanocin (Ofloxacin) Volini (Diclofenac) A well-built customer interface, with one of the highest customer coverage across India, and an excellent franchise with both Generalists Specialists. This is proven by Ranbaxy Indias Corporate Image being perceived as Best-in-Class by customers (source: AC Nielsen ORG MARG Report, June 2004) Great emphasis is placed on Knowledge Management and Medico-marketing initiatives such as Advisory Board Meetings, Post Marketing Surveillance Studies and Continuous Medical Education programs. These have resulted in an excellent customer relationship with the medical fraternity. More than 2000 interface programs (Symposia, CMEs) are conducted and about 20 Clinical Papers published annually With a futuristic approach, the India operations attempt to capitalize on the fast- emerging, high-growth segments with innovative products and services: A slew of products have been launched in the Dermatology segment: Suncross (Sunscreen lotion), Sotret (Isotretnoin), Eflora (Eflornithine). Anti-diabetic franchise has been further consolidated with launch of Insucare (Insulin) with an innovative delivery mechanism Controlled Insulin Logistics This ensures that the cold chain, vital for product efficacy, is maintained. Dividend Payout Analysis:- Indicates the proportion of earnings that are used to pay dividends to shareholders. Ranbaxy laboratories dividend payout ratio is comparative reduced from the previous days, in other words they pay a dividend to its shareholders. This is the case for most high growth firms; their profits are better spent by reinvesting in the firms activities rather than as a cash payout to shareholders. In fact a majority of corporations have elected to pay out less of their earnings as dividends, perhaps because corporate rates of return on reinvested capital are higher these days, but it could also be that dividends are doubly taxed in some jurisdictions. The DPR measures what a companys pays out to Investors in the form of dividends, in this year dividends are not paid to the share holders. As per the data the DPR is comes to 60.06 from 94. Return on Equity Analysis: Sometimes ROE is referred to as Stockholders return on investment, it tells the rate that shareholders are earning on their shares. Ranbaxy laboratories are earning a very respectable growth rate on shareholders equity. Companies that generate high returns relative to their shareholders equity are companies that pay their shareholders off handsomely, creating substantial assets for each money invested. These businesses are more than likely self-funding companies that require no additional debt or equity investments.Return on net worth or equity (ROE) is a second useful profitability ratio. If we are getting from investing our own money in the business. If this return is less than the return we could obtain from an equal or less risky investment, then there is a good economic argument that we should leave farming and invest elsewhere. In the case of Ranbaxy laboratories, the ROE is not as good or at their esteemed level because of the earning of the company. The revenue or profit is g enerated in the current financial year is in the diminishing level EPS Analysis: The earnings per share ratio are mainly useful for companies with publicly traded shares. Most companies will quote the earnings per share in their financial statements saving you from having to calculate it yourself. By itself, EPS doesnt really tell you a whole lot. But if you compare it to the EPS from a previous quarter or year it indicates the rate of growth at companies earnings are growing (on a per share basis). Ranbaxy laboratories EPS have decreased almost 16.56 to -24.85 since last year; it is not an excellent growth rate for the company. Some analysts like to use â€Å"projected† EPS to analyze a stocks current value in respect to these estimates. Share Market Analysis: Ranbaxy Labs good for long term investment. There are some issues which are a big concern for the company, however, as the stock markets will stabilize, the Ranbaxy stock will also bounce back. Ranbaxy Labs has shown decent growth in the past five years. The company has presence in all major markets across the world. The stock used to be a safe bet for last many years. Things havent changed in terms of the business of the company; however, much has changed in the stock markets. Investors are worried about the future of the company. And they have a reason to worry; the stock hasnt offered the returns everyone expected. The results may be announced by the end of this month and long investors can think of entering the stock at lower levels. Stock Watch expects the stock to touch 350 400 levels within a year. The target has been estimated after evaluation of various factors including the business model; US market status and company valuations. The recent fall in the stock price is mainly due to bad news about the company in recent times. Things should start improving after three months as the stock bottoms out. Cash rich Japanese parent will support Ranbaxy and the company will offer decent returns. Investors can start accumulating the stock in range Rs 200 220. The rate RLL Sell/Medium Risk (3M) with a target price of Rs357.40. I expect the stocks valuations to move in line with the sentiment toward the sector, key to which are price expectations, progress on deregulation, and government decisions on the taxation part of the pharma industry. Analysis about the overall management of the company:- 2Q09 turns into profit, guidance maintained: Ranbaxys 2Q09 net profit of Rs6.93bn includes pre-tax gain of Rs8.1bn on hedges and Rs1.9bn on loans. Excluding these adjusted net profit is c. Rs370mn (company estimate of Rs633m) cf. our estimated loss of Rs230mn. Sales were higher at Rs17.9bn (our estimate Rs16.5bn) due to better performance in India and US. EBITDA margin reported at c.7% includes operational forex gain of Rs716mn, termination amount paid to Mr. Singh (Rs480m) and income from settlement with Teva Rs550m. Company has maintained its guidance of no profits for CY09. Sales trend unchanged: Sales decline 2% YoY in Re terms, 16% in $. US, EU, CIS and Brazil are down in $ terms. India grew at 21% in Re terms on back of 28 new product launches and tender sales. Newly acquired brands from Ochoa in pain and dermatology segment (full year sales of c.Rs300m) have not contributed yet. Growth across markets in constant currency is similar to 1Q09 YoY trend due to inventory de-stocking. US beat our expectation due to sumatriptan contribution. Mgt guided to a run-rate of $50m for US for 2H09. Costs are still high: 2Q09 cost of sales as % to sales at 62.4% is much higher than estimated and 58.6% seen in 1Q09. This could be due to ongoing overheads at Poanta without revenue contribution. SGA expenses ex-termination amount are in line with estimate. One major issue in mind of investors in the exit of promoters. Promoters have sold their stake to Pharmaceutical major Daiichi from Japan. Technical experts believe the issues in US markets and pending litigations are behind the promoters exit. The future of Ranbaxy will now depend on the plans Japanese company has for Ranbaxy. The parent company hasnt given any solid statement about the future plans for Ranbaxy. Once the announcements are made, investor sentiment will turn positive. Industry analysis: Porter 5 force model Todays business environment is extremely competitive and in economics parlance where perfect competition exists, the profits of the firms operating in that industry will become zero. However, this is not possible because, firstly no company is a price taker (i.e. no company will operate where profits are zero). Secondly, they strive to create a competitive advantage to thrive in the competitive scenario. Michael Porter, considered to be one of the foremost gurus of management, developed the famous five-force model, which influences an industry. Industry competition Pharma industry is one of the most competitive industries in the country with as many as 10,000 different players fighting for the same pie. The rivalry in the industry can be gauged from the fact that the top player in the country has only 6% market share, and the top five players together have about 18% market share. Many smaller players that are focused on a particular region have a better hang of the distribution channel, making it easier to succeed, albeit in a limited way. An important fact is that pharmacy is a stable market and its growth rate generally tracks the economic growth of the country with some multiple (1.2 times average in India). The product differentiation is one key factor, which gives competitive advantage to the firms in any industry. However, in pharmacy industry product differentiation is not possible since India has followed process patents till date, with laws favoring imitators. Going forward, we foresee increasing competition in the industry but the form of competition will be different. Economies of scale will play an important part too. Last but not the least, in a vast country of Indias size, government too will have bigger role to play. Bargaining power of buyers The unique feature of pharmacy industry is that the end user of the product is different from the influencer (read doctor). The consumer has no choice but to buy what doctor says. However, when we look at the buyers power, we look at the influence they have on the prices of the product. Bargaining power of suppliers The pharmacy industry depends upon several organic chemicals. The chemical industry is again very competitive and fragmented. The suppliers have very low bargaining power and the companies in the pharma industry can switch from their suppliers without incurring a very high cost. Companies like Orchid Chemicals and Sashun Chemicals were basically chemical companies, who turned themselves into pharmaceutical companies. Barriers to entry Pharma industry is one of the most easily accessible industries for an entrepreneur in India. The capital requirement for the industry is very low; creating a regional distribution network is easy, since the point of sales is restricted in this industry in India. The barriers to entry will increase going forward. The change in the patent regime will see new proprietary products coming up, making imitation difficult. The players with huge capacity will be able to influence substantial power on the fringe players by their aggressive pricing which will create hindrance for the smaller players. Threat of substitutes One of the key reasons for high competitiveness in the industry is that as an ongoing concern, pharma industry seems to have an infinite future. In the Indian context, companies like Cipla and Glaxo are likely to be key players. Though consolidation within the current big names is not ruled out. Smaller fringe players, who have no differentiating strengths, are likely to either be acquired or cease to exist. Economic analysis:- Monetary policy affected pharma industry:-The excise duty reduction on pharmaceuticals is unlikely to have any effect on the prices of medicines as the government has, in a parallel move, decided to cut the abatement rate for calculation of MRP based excise duty on pharmaceuticals. The Finance Ministry, in a move to rationalize abatement rates, has brought down the 42.5 per cent abatement enjoyed by the drugs industry to 35 per cent. Almost all domestic majors such as Ranbaxy, Dr Reddys and Cipla and multinationals like GSK and Johnson and Johnson have either own units in hill states, or rely on contract manufacturers in the hill states for production for the domestic market. Budget: THE BUDGET presented by Finance Minister has brought cheers for pharmaceutical companies. In the current financial year excise duty of 4 per cent has been retained while custom duty has been lowered on some vital life saving drugs and heart contrivances. The present budget has made an important provision to reduce custom duty from 10 per cent to 5 per cent on medicines and bulk drugs and 7.5 per cent to 5 per cent on life saving devices particularly related to cardiac diseases. With reduction in custom duty on certain selected life saving drugs, the prices of 9 particular drugs that are used for the treatment of fatal ailments namely cancer, HIV,hepatiits b are expected to be slashed. In addition to this, the prices of two vital heart devices are also expected to come down. MD of Ranbaxy laboratories also sounded positive with the provisions for Pharma Company in the new budget, he said, Though there were no big moves for pharma, increased government spending on healthcare will have a positive impact. Extension for scope of provisions relating to weighed deduction of 150 per cent on expenditure incurred on in house RD to all manufacturing business is a positive move. Role of Pharmaceutical Industry in India GDP-Facts The Pharmaceutical Industry in India is one of the largest in the world It ranks 4th in the world, pertaining to the volume of sales The estimated worth of the Indian Pharmaceutical Industry is US$ 6 billion The growth rate of the industry is 13% per year The Pharma Industry in India produces around 20% to 24% of the global generic drugs The Indian Pharma sector leads the science-based industries in the country Around 40% of the total pharmaceutical produce is exported The Indian Pharma Industry includes small scaled, medium scaled, large scaled players, which totals nearly 300 different companies There are several other small units operating in the domestic sector As per the present growth rate, the Indian Pharma Industry is expected to be a US$ 20 billion industry by the year 2015 With the large concentration of multinational pharmaceutical companies in India, it becomes easier to attract foreign direct investments The Pharma industry in India is one of the major foreign direct investments encouraging sectors Foreign direct investment:-The Indian pharmaceutical industry has been a successful player in global markets over the last couple of decades. Along with sectors like software and autoauxiliaries, it has spearheaded Indias progress in knowledge intensive and technologically sophisticated markets (Ramachandran et. al, 2006). It contributes to 8% of world production by volume and 1.5% by value (Aggarwal, 2004). It is a highly fragmented industry with more than 20,000 registered units (Indian Pharmaceutical Industry: An Overview, n.d.). It is becoming a major force in outsourced clinical research and has almost 74 U.S. FDA approved manufacturing facilities, the most for any country outside the US (Pharmaceuticals in India. BIBLIOGRAPHY: www.ranbaxy.com www.moneyrediff.com www.moneycontrol.com www.myiris.com Investment and portfolio analysis; third edition, Prasana Chandra

Espionage :: essays research papers

Espionage: to spy, the gathering of information Espionage is the secret gathering of information on rival countries for military purposes. Espionage can be used in business, military, economic or political decisions however; it is commonly employed government for defensive tactics. Espionage or spying is illegal in many nations however, it gains profits from agencies to protect the secrecy of information that is desired. Espionage is an old ancient craft; it has been used through out history. The Bible’s book of Joshua (The Old Testament) states that the leaders secretly sent out spies to reconnoiter a country. Also the Chinese Military theorist Sun Tzu’s, who wrote a book The Art Of War written in 500 B.C, provides instruction for organizing an espionage system with agents and defectors also known as rebels. Homer a Greek philosopher who wrote â€Å"Illiad† mentions the Egyptians had a well-developed secret service and spying agents. During the middle ages Joan of Arc , the world renown female spy was betrayed by Bishop Pierre Cauchon of Beavais, As a result Sir Francis Walsingham developed an efficient political spy system for Elizabeth I. During the American Revolution, Nathan Hale and Benedict Arnold achieved their fame as spies during the U.S. Civil War. In the United States the CIA or the Central Intelligence Agency is the main agency for gathering secret information and responsible for operations outside the United States. The FBI or Federal Bureau of Investigation has the primary responsibility for counterespionage activities within the United States. Counterespionage is when a country or an organization captures a hostile spy and turns them into a so-called â€Å"double agent† who sends false information to their own organization. It prevents other nations from gaining such information. Under international law, these activities are not illegal, but individual nations have laws against spying. However, spies are not considered with common or uncommon criminals. They are neither sinners nor international lawbreakers. If spies are caught they are either send back to their country, sent to jail or used as counterespionage (double agents). Espionage involves the recruiting of agents in local and foreign nations. Agents are encourage to have the ability of possessing information, using audio surveillance as well as the use of modern photography, sensing and other techniques and technology to gather secret information. Surveillance with high technology equipment on the ground or from high-altitude planes and satellites has become an important espionage technique. The Qualities of a Spy

Censorship: Simply Not Enough Essay -- Censorship

Not too long ago, an evening television program caught mine and my daughter’s attention. It was a cute family comedy verging close to her bedtime. I was relaxed as we spent some quality time together, and out of nowhere I felt as if I had been punched in the face when a curse word came out of the so-called 15 year old actor’s mouth. Playing it cool, I glanced down at my young daughter who did not even flinch. I thought to myself, when were those words allowed to be uttered on television? Even worse, was my daughter’s reaction, or in this case non-reaction, because of desensitization or did she simply not hear it? Since then I have found myself immersed in the censorship dispute. Globally, media censors have loosened their grip significantly which have had a positive social impact, for the most part, but have they gone too far? I, for one, yearn for the â€Å"Mayberry† days where life was simple and no one had to worry about what children were watch ing on TV. In 1973, Thomas Elmendorf, an emergency room physician, made a speech to the American Medical Association about the increase in violence behavior among young adults and it’s correlation to violence on TV. In it he cited that â€Å"Murder is the fastest growing cause of death in the United States. The annual rate of increase exceeded 100 percent between 1960 and 1974.† He also goes on to explain that by the time a child graduates high school, they have spent an astonishing 18,000 hours in front of the TV, not to mention other forms of media, versus 15,000 hours in the classroom. Elmendorf also elaborates that within those 18,000 television hours, a young adult will have witnessed â€Å"18,000 murders and countless highly detailed incidents of robbery, arson, bombings, shootings... ...All Aspects Of Tibet 45.5 (2010): 4. Academic Search Complete. Web. 14 Apr. 2012. Collins, Rebecca L.Elliott, Marc N.Berry, Sandra H.Kanouse, David E.Kunkel, DaleHunter, Sarah B.Miu, Angela. "Watching Sex On Television Predicts Adolescent Initiation Of Sexual Behavior." Pediatrics 114.3 (2004): e280. MasterFILE Complete. Web. 19 Apr. 2012. Elmendorf, Thomas. "Violence On TV." Vital Speeches Of The Day 42.24 (1976): 764. MasterFILE Complete. Web. 19 Apr. 2012. Jerome, Sara. "Supreme Court Case May Dirty Down the Airwaves." CongressDaily AM 16 Nov. 2011: 5. MasterFILE Complete. Web. 14 Apr. 2012. Katz, Paul. "Funny $#@*!." Entertainment Weekly 802 (2005): 23. Academic Search Complete. Web. 21 Apr. 2012. TODD PITMAN - Associated, Press. "Myanmar Relaxes Grip On Media, Vows End To Censors." AP Top News Package (2012): Newspaper Source Plus. Web. 14 Apr. 2012.

Plath’s Daddy Essay: Father and Husband as Vampires -- Plath Daddy Ess

Father and Husband as Vampires in Plath’s Daddy   Ã‚   The poem "Daddy" by Sylvia Plath concludes with the symbolic scene of the speaker killing her vampire father.   On an obvious level this represents Plath's struggle to deal with the haunting influence of her own father who died when she was a little girl.   However, as Mary G. DeJong points out, "Now that Plath's work is better known, ‘Daddy' is generally recognized as more than a confession of her personal feelings towards her father" (34-35).   In the context of the poem the scene's symbolism becomes ambiguous because mixed in with descriptions of the poet's father are clear references to her husband, who left her for another woman as "Daddy" was being written.   The problem for the reader is to figure out what Plath is saying about the connection between the figures of father and husband by tying them together in her poem.   Ã‚  Ã‚  Ã‚   A clue lies in the final image she uses, the vampire.   In today's movies and books vampires are portrayed as humans who have gained immortality and power in exchange for the need for blood and avoidance of sunlight and crosses.   However, Plath wrote her poem in 1962, and since then our culture's image of the vampire has changed drastically.   Historically, people who were transformed into vampires were no longer the same human beings.   Instead, they became monsters who retained only the physical appearance of their former selves.   Our interpretation of the poem is affected if we assume that when Plath wrote about a vampire she had in mind the older conception of a monster which took over the body of a now dead human.   With this image in mind we will tend to look for ways the duality of father and husband in the poem correspond to the vampire's dual i... ...the memory of her father's equally painful though unintentional abandonment.   Despite the mixing of father and husband in the antagonist of "Daddy" it is obvious which man Sylvia Plath is addressing with the poem's last line, written during the breakup of her marriage and three months before her suicide: "Daddy, daddy, you bastard, I'm through" (80). Works Cited Cam, Heather.   " ‘Daddy': Sylvia Plath's Debt to Anne Sexton."   American Literature 59   (1987): 429-32. DeJong, Mary G.   "Sylvia Plath and Sheila Ballantyne's Imaginary Crimes."   Studies in   American Fiction 16 (1988): 27-38. Ramazani, Jahan. " ‘Daddy I Have Had to Kill You': Plath, Rage, and the Modern Elegy."  Ã‚   Publications of the Modern Language Association of America 108 (1993): 1142-56. Srivastava, K.G.   "Plath's Daddy."   The Explicator 50 (1992): 126-28.               

Red Bull Essay

What markets does Red Bull attempt to reach? How do marketing mix elements and target markets combine to form the firm’s marketing strategy? The marketing mix for Red Bull consists of the following: Product: Energy drink Price: $1. 99 (premium) Distribution: Across clubs and similar outlets, mass merchandisers Marketing Communication: Word-of-mouth to television advertising Red Bull attempts to reach extremists, sports enthusiasts, 18 to 24 year olds, women, as well as health conscious consumers, and recently age groups of 30 and above. Marketing mix elements and target markets combine to form Red Bull’s initial marketing strategy which reaches out to extremists, those who are into the adrenaline rushing sports and activities. Since Red Bull is an energy drink, this approach worked well. With the premium price and through word-of-mouth, Red Bull was able to maintain 70 percent of the market. However, as competition began to rise, Red Bull needed to market beyond the extreme market and toward age groups above 24 year olds. Still, competition continues to increase, and now Red Bull is expanding their target market to less extreme sports enthusiasts such as golfers, women, and health conscious consumers. By marketing toward golfers and women, Red Bull shows that anyone can enjoy their product and not just male extremists. Because consumers are becoming more health conscious, Red Bull produced their sugar-free version for those who want to watch their carbohydrates. Overall, as competition continues to increase, Red Bull’s marketing strategy has involved target market expansion as well as some product development and new advertising techniques. . What growth strategies seem to offer the most likely opportunities for the future? The growth strategies that seem to offer the most likely opportunities for Red Bull’s future are their expansion into less extreme sports and the female population. Because Red Bull is an energy drink, most consumers think that its primary purpose is to boost the ener gy of those who are hammering it out on the field, court, or wherever the action may be. However, Red Bull can be used as a simple pick me up when you’re feeling tired or just worn out. This can occur mostly in the work environment. By carrying a can of Red Bull, you can boost your energy level when it seems you’re not going to make it through the shift. Similarly, Red Bull’s initial target was not towards women. Currently, Red Bull is working on expanding their product to women who, just like men, can enjoy the boost Red Bull gives you. With the expansion of their target market, along with new advertising techniques, Red Bull can better promote their product and keep up with the competition instead of falling behind as they have been. 3. What ethical issues are faced by the company? The two predominant ethical issues that are faced by Red Bull are their choice for a target market and the uses for their drink. The specific target market in question is the 18 to 24 year olds. Red Bull has marketed to this particular group because it is comprised largely of college students. Red Bull can be used to give these college students an energy boost when they need to spend all night studying or just to have fun. The problem, however, is that the energy drink is full of caffeine and other ingredients which may prove harmful to those who consume too much at one time. Marketers of Red Bull realize that college students have a need for the extra boost of energy so they have pinpointed them for consumption of their energy drink. Critics believe large amounts of consumption may have harmful effects and this has raised many issues concerning the drink. The other issue is the use of Red Bull in alcoholic drinks. Concerns have risen regarding the mixture of alcohol and Red Bull because of the dangers associated with it. Alcohol by itself already causes numerous problems. If the energy drink full of caffeine is added to alcohol, the harm could become great. This in itself worries critics of Red Bull. Not only does the drink by itself cause concerns, but mixing alcohol with it raises even more issues. 4. As Red Bull expands to other countries, what international marketing issues must be considered? With their international expansion, Red Bull’s marketers must take into account the selection of an entry strategy and deciding on a strategic orientation. Red Bull must choose between three options for an entry strategy: exporting, direct investment, or joint ventures. For strategic orientation, Red Bull has the choice of a standardized marketing strategy or a customized marketing strategy. By choosing a standardized marketing strategy, Red Bull would develop and implement the same product, price, distribution, and promotion in all international markets. On the other hand, with a customized strategy, Red Bull would develop and implement a different targeting mix for each target market country. Like with any expansion situation, Red Bull needs to study the markets within the international countries. Just because their marketing techniques work in the United States, doesn’t mean they’ll work the same internationally. Every country is different. Every market segment is different. For instance, demand and product usage differs from market segment to market segment. Red Bull must also take into account government regulations and laws as they differ from country to country. Not only that, but Red Bull has to realize differences in consumer behavior patterns as well as competition. As Red Bull plans to expand international, there are many aspects they must take into account before doing so. If Red Bull wants to be successful, they must spend a tremendous amount of time researching all the international markets in order to become more aware of each segments needs and desires.

Assignment †Team Work in Business Essay

Some watchfulness police squads atomic number 18 bound to succeed tour separate atomic number 18 not imputable to a number of incidentors. A police squad, harmonize to Adair (1986), is much than just a assemblage with a common aim. It is a throng in which the contributions of somebodys atomic number 18 seen as complementary. Collaboration, moves unneurotic, is the keynote of a police squad activity. Adair suggests that the quiz of an in force(p) police squad is whether its particles raft die hard as a throng fleck they are apart, contributing to a period of activities rather than to a common task, which leases their nominal head in one place and at one time. Below is a sermon of some of the major factors that establish a difference between winning and losing wariness group ups .1. Supportive Sponsor mode police squads are usually formed by a conferrer who recognizes that r apieceing an make-upal persist inder add require a conference of mo rtals field of studying together to provide the attractorship necessary to move a comp whatsoever, course of instruction or unit towards the organizations intents. It is the sponsors responsibility to create a charter that establishes the counselling aggroup and its primary focus. In addition, the sponsor establishes specific goals the squad is to accomplish. The sponsor leave alone likewise select the police squad loss leader and shoot his or her doment to lead the leadership group in defining and concording bring pop the compulsory carry throughs. Lack of get out or seemly direction by the sponsor ( e. g board of directors in a company) cigaret lead to police squad failure.2. environmental factorsThese take physical factors such as working proximity, broadcastt or power layout. In general, close proximity aid radical identity and loyalty, and distance reduces them. another(prenominal)wise environmental issues include the traditions of the organisation chthonic which the precaution group operates, and leadership styles. ceremonious organisations tend to adopt formal separate practices. Autocratic leadership styles prefer group activities to be directed.3. team up size smallish groups tend to be much viscous than larger groups small groups tend to encourage full participation large groups s steering greater diversity of talent.4. Focus on Stakeholder OutcomesA shared understanding of the solicitude teams stakeholders, their expectations of the team, and the values the team embraces is essential to create the focus needed as the management team components figure and execute the actions necessary to achieve the teams goals.5. Smart GoalsSpecific, measurable, achievable, realistic and time-bound goals should be established by the teams sponsor and wherefore broken into sub-goals by the management team. Without SMART goals, the team result lack the milestones necessary to drive action.6. squad LeadershipTeam leadership is the roughly detailed success factor for the work management team. A leader with toilsome consummation management skills and the ability to machinate others virtually guarantees a successful writ of execution initiative. Every management team take a leader who focuses the members of the team on the mission, purpose, and goals of the team. This undivided mustiness(prenominal) be act to the teams results and must be willing to be held accountable by the teams sponsor and other stakeholders, for leading the team through processes that train the teams goals are r to to all(prenominal) one oneed. The team leader must lock in each team member in the processes of the team and build a platform of reciprocal trust that leads to open debate, collaboration, respective(prenominal) commitment, and own(prenominal) accountability.7. Mutual TrustThe most valuable element of successful team work is the establishment of a platform of vulgar trust that enables the management te am to engage in open debate and finis making that leads to commitments to action by individual members of the team. Building this trust requires an openness that allows team members to know and understand the beliefs and behaviors of all members of the team so that team actions can be structured to take advantage of each members uniqueness and talents. behavioral and values assessments are powerful tools in developing an understanding how each member of the management team views themselves and responds to others in the team.8. intermeshed Management Team MembersAn effective management team will gain team members who are actively engaged in the work and focus of the team. This will require that each team member emotionally commits to actively and openly participate in the teams processes in the credit line of the teams goals. The team member must willingly commit to carry out action plans to sodding(a) individual actions necessary for the team to reach their team goals. The tea m member must be dependable and carry the full burden of personal responsibility to complete their individual commitments by the date committed to. enmeshed team members enthusiastically support each other and add value to other team members. They prepare for team processes and film to engage others in a absolute manner to find solutions to issues and challenges they individually or as a team face. They forever and a day seek to improve themselves for the benefit of the team and never, never, never quit.9. Composition of the TeamThe Apollo Syndrome is a phenomenon that having too many nation with a high mental abilities grouped together to solve a problem is, in many instances, detrimental to the teamwork process. Team members come about much of their time attempt to bias the team to adopt their own views as well as figuring out ways to point out weaknesses in the rest of the teams ideas. They have difficulty reaching consensus in decisions and are focused on their own wor k, paid petty attention to what their fellow team members agree doing. Occasionally the team will pick up on the fact they are having problems, but will then overcompensate to avoid confrontation. This leads to even more problems in making sound decisions. A knowledgeable team, skilled at group working, and with a wider range of talents is much more likely to succeed than an inexperienced group with a narrow range of talents.10. individual CommitmentsThe work of a management team is carried out by individual members of the team. When a team has developed a plan of actions that are necessary to achieve their goals or overcome barriers, individual members must commit to carrying out specific actions which in many cases will include actions by the individual teams they in turn lead. The management teams collaborative processes must include steps to * Define individual actions,* wee-wee the commitments by individual team members to complete the actions, * Document due dates, and * E stablish stipulation reporting processes.11. Discipline and AccountabilityTeam goals will usually not be realized until individual commitments are completed. Management team members must embrace a discipline to complete their commitments as scheduled. They must agree to hold each other personally accountable for completing, as scheduled, the commitments each person has made to the team. Each management team member must forever report the perspective of their open commitments to the team so that barriers to completion can be identified early in stage to permit the management team leader and other team members the opportunity to fix with the issues before overall deadlines are impacted.12. naming and Removal of BarriersBarriers to team and individual get up will occur in both management team effort and must be dealt with quickly to continue draw near towards the teams goals. The team leader must continuously monitor the status of each individuals commitments and educate barr ier removal processes where appropriate. Team-based processes for developing action plans to overcome barriers impacting individual commitments should be instilled as a part of the teams culture.13. Shared vision / approach.The ability for a management team to clearly narrate its goals and objectives and gain buy-in among the people they lead ( e. g. employees )along with a synergistic team that can carry out their responsibilities is vital to performance success. The vision and/or mission of the team must be accepted by all the team members and critical goals viewed as the collective responsibility of the team. If a repay to profitability is a critical goal of an executive team, priorities and time commitments must be pulled from elsewhere. Focusing on results that in any way does not support the critical goal(s) of the team will lead to team failure.14. applied science supportWhile a skilled management team can improve performance with very little tools and only an effective ap proach, with proper engineering to support the teams needs, and the proper data to drive decision making, in that location is almost no limit to the improvements an organization will yield.15. Ability to InnovateInnovating is a key aspect of teamwork and involves challenging the way things are currently being done. Technology is changing so quickly that the way you are currently performing tasks may no longer be the outdo way. If you are not up-to-date in your practices, your cost structure may be too high or you may no longer be delivering agonistic service. Innovating is essential for all work teams. on that point are always better ways of doing things if you only take time to fall upon them.16. PromotingTo obtain the resources people, money, and equipment to carry out your work, you have to sell what you are doing to other people. Resources to hold new ideas will only be given if your team can run and influence people higher in the organization. Promoting to customers or clients both inside or outside the organization is also all important(p) if you are to continually deliver what people want.17. growthMany ideas dont see the light of day because they are impractical. The Developing activity ensures that your ideas are mold and shaped to meet the needs of your customers, clients, or users. It involves listening to their needs and incorporating these in your plans. Developing will ensure that what you are trying to do is possible, given the resource constraints of your organization.18. Inspecting & sustainmentRegular checks on work activities are essential to ensure that mistakes are not made. Quality audits of your products or services will ensure that your customers or clients will remain satisfied. Inspecting also covers the financial aspect of work in your team, as well as the security aspects, the safety aspects and the legal aspects. all management teams need to uphold standards and carry on effective work processes. Your car will fail if it does not have its repair service. Teams can fail too, if the team processes are not regularly checked and maintained. Maintaining ensures that feel standards are upheld and that regular reviews of team authority take place.19. LinkingLinking is the activity that ensures all team members pull together, and makes the difference between a group of individuals and a highly effective and efficient team. It covers the linking of people, linking of tasks and leadership linking.