Monday, May 25, 2020

Marketing Planning For A Business Organization Essay

Assignment on Marketing Planning Submitted to: Submitted by: Date of Submission: Introduction: A plan is a way of achieving something or course of action for the desired goals. Marketing plan is a business document written for the objective of describing the current market position of a business organization. In today’s globalized world marketing planning plays a very crucial role in the business sectors through all over the world. A marketing plan can be part of an overall business plan. According to the case of â€Å"Nelson Professional Clothing† they unable to keep pace with the market condition because of different types of economical problem and other impediments. A good environmental analysis will take account of both internal and external factors armed with a thorough understanding of the marketplace and their specific strengths and weakness a business is now much better placed to adopt a relevant strategy in order to be successful. Nahapiet, J., andGhoshal, S. (1998), LO-1: Be able to compile marketing audits: 1.1: Review changing perspectives in marketing planning. Marketing planning is an art of science and techniques in which the organization activities occurs. We can easily get the experience by evaluating the market survey and doing different types of research. In the given case of â€Å"Nelson Professional Clothing Plc† here for business position is not enough strong that’s why they suffer and economic fall down is occurred. The changing perspective ofShow MoreRelatedSwot Analysis Of Marketing Planning Procedures1303 Words   |  6 PagesImportance in Marketing Planning    Introduction   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In order to run a thriving business, you must be very knowledgeable about your customers, operation, competitors and the environment.  When it comes to market planning  many important factors must be taken into consideration. According to the business dictionary market planning is the procedure of examining one or more of prospective marketplaces in order to decide how business can competeRead MoreMarketing Functions Within The Organization1084 Words   |  5 PagesAdvertising and Selling is only part of the whole marketing process. There are many definitions used to describe marketing. One of the most commonly accepted definitions of marketing today comes from the American Marketing Association: Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large (ama, 2015). In other words, it is a total system of intera ctingRead MoreCritical Thinking Questions : Strategic Planning1160 Words   |  5 PagesCritical Thinking Questions: 1. Strategic planning is the process a company uses to develop and maintain a strategic fit between their goals as an organization and their capabilities of meeting demands in a fast-changing market. Strategic planning helps companies take advantage and adapt to the opportunities that it’s ever changing environment throws at them. There are four steps to strategic planning. Marketing plays a large role in the strategic planning, because the plan is finding ways to takeRead MoreWhy Do Healthcare Practices Need a Marketing Plan?793 Words   |  3 Pagesdescribes an organizations advertising and marketing efforts for the coming year is known as a marketing plan. A marketing plan includes a statement of the marketing situation, a discussion of target markets and company positioning and a description of the marketing mix intended for use in reaching marketing goals (entrepreneur.com, 2012). A second definition of a marketing plan is as follows: a plan that describes the activities involved in achieving certain marketing objectives within a given timeframeRead MoreBusiness Opportunity Analysis to Solve a Business Problem With the Help of Technology1685 Words   |  7 PagesAbstract This paper presents a business opportunity analysis to solve a business problem with the help of technology. The business problem identified in the paper is the decreasing return on marketing investment (ROMI) due to competition, inefficient customer services, and lack of innovation. The technological solutions proposed in the paper are new product development and innovation, integrated marketing management, and enterprise resource planning. After evaluating the merits and demerits of theseRead MoreCompany and Marketing Strategy: Partnering to Build Customer Relationships1465 Words   |  6 Pagesstrategic planning in its four steps 2. Discuss how to design business portfolios and develop growth strategies 3. Explain marketing’s role in strategic planning and how marketing works with its partners to create and deliver customer value 4. Describe the elements of a customer-driven marketing strategy and mix, and the forces that influence it 5. List the marketing management functions, including the elements of a marketing plan, and discuss the importance of measuring return on marketing investment Read MoreThe Key Point Of Business Management1535 Words   |  7 PagesIntroduction In current, key point of business management is adaptation. â€Å"Being able to adapt quickly to new ideas, industries and technologies is something every business owner needs to learn to do to help their business thrive.† (Why You Must Adapt or Watch Your Business Die.) All organizations have to adapt to society, and the organizations have to have high performance on competition. However, the business world is quick changing every day. One key that help the organizations avoid risk successfully isRead MoreNotes on Importance of Planning for Business Success1060 Words   |  5 PagesQUESTION: You have been invited to an interview for a marketing manager position in a fast moving consumer goods firm. As part of the interview process you have been asked to develop a brief presentation on five importance of planning for business success. Specially, you are also to briefly explain the factors to be considered in the preparation for developing a marketing plan. Prepare your notes for the interview. A marketing plan is a written document that summarizes what the marketer hasRead MoreSwot Analysis : Marketing Planning1708 Words   |  7 PagesMarketing planning is the process that enterprises focus on customers’ needs, organize various business activities, through concerted mutual product strategy, pricing strategy, promotion strategy and placing strategy to provide customers with satisfactory goods and services, and then achieve business goals (Piercy Morgan, 1994). Some scholars think that adopting benchmarking in marketing planning is easier to lead imitation. Enterprises tend to set competitor s marketing activities as templatesRead MoreA Marketing Plan For A New Marketing Strategy966 Words   |  4 Pagesthe governmental legal requirements and, on the other hand, defines the organization’s policy administration. For a triumphant marketing plan, understanding the government legal approaches allows for efficient operation and inter-relationship with other orga nization. Similarly, internal legal policies allow the company to uphold its operation in a set manner. 4.0: Marketing Audit A market audit process is a tool that can never be neglected despite the situation. However, very few companies carry

Thursday, May 14, 2020

The American education system - 2584 Words

The American education system requires that students complete 12 years of primary and secondary education prior to attending university or college. Although admission policies vary from one university to the next, most determine admission based on several criteria, including a student s high school course of study, high school Grade Point Average (GPA), participation in extracurricular activities, SAT or ACT exam scores, a written essay, and possibly a personal interview. University students pursuing a Bachelor s degree are called undergraduates, whereas students pursuing a Master s or Doctoral degree are called graduate students. American undergraduate students will say they are going to school or going to college, which†¦show more content†¦Liberal Arts College or University: offers a university education combining natural and social sciences as well as humanistic studies. The term â€Å"college† is often used where undergraduate study is concerned. The college may be part of a university which also has graduate and professional schools, or it may be an independent institution offering a Bachelor’s degree program, with little if any instruction at the graduate level. (Thus Harvard College is the undergraduate division of Harvard University; Vassar College, Amherst College and Sarah Lawrence College are examples of independent colleges, also called liberal arts colleges). The academic status of an independent liberal arts colle ge may be just as high as a college which is part of a university. Fine Arts and Music are often taught in the colleges and universities described above, but may also be available in specialized academies, schools and conservatories. See Directories at the Advising Center for information. The Bachelor’s Degree: Four years of undergraduate study lead to a Bachelor’s degree in Liberal Arts or in Science, a B.A. or B.S. degree, and qualify the graduate to apply for admission to a graduate school. The Bachelor of Arts (B.A.) or Bachelor of Science (B.S.) degree is awarded on successful completion of a specified number of courses or units and the full degree requirement is usuallyShow MoreRelatedThe American Education System Education1438 Words   |  6 PagesAmerican Education System Education plays important role in society. It determines the final development of an adult’s personality. In today’s society most jobs require a University degree. To receive a University degree students need to rely on a good education system. Does America provide this? The American education system has relied on the grade point average system for a long time. The problem with this is there is not a universal GPA grade point system varying from course to course. This createsRead MoreAmerican Education System Of Education852 Words   |  4 Pagesdifficult to understand the American system of education and the how to cope with American students. To make foreign students understand and able to cope with the American higher education system, the author explains some assumption that is behind the education system. He noted that American higher education system has a connection with both the mechanical feature and the cultural beliefs, but not intellectual only as it is in many countries. People lacking knowledge of American culture may find it difficultRead MoreThe American Education System1303 Words   |  6 PagesThe American education system is set up to create a clear division between the social classes. The quality of the education that children receive depends on whether they attend an elite school or urban schools. Elite schools are located in upper class neighborhoods. Students who attend elite schools receive high quality education. Demographically, the majority of students who attend elite schools are Caucasian. This does not necessarily have much to do with the skill level of the students who applyRead MoreThe For The American Education System1599 Words   |  7 Pagesis a student in the fall semester in Tyler Junior college. She is from India and still very new to the American Education System. English is not her first language, but she is extremely grateful going to college in America and having her childhood dream come true. After al l, her green card is still in process and she is unable to get a job or get any kind of funds to help her with her education. She has to pay for all her expenses out of her pocket, which is very difficult, given her current financialRead MoreThe American Education System930 Words   |  4 PagesAcceptance among teacher has been a key factor in successful or unsuccessful technology implementation. Historically, the structure of the American education system has been resistant to any kind of change (Collins Halverson, 2009). According to Blackwell, Lauricella, and Wartella (2014) teachers with more teaching experience have less favorable attitudes towards technology and use technology less often than teachers with less experience. Districts are making efforts to provide technology forRead MoreThe American Education System1437 Words   |  6 PagesThe American education system, as we know it, has failed us, and more of our youth are becoming incarcerated at young ages. The educat ional system has taken a backseat when it comes to funding prisons; youths have chosen to live a life of crime, as education has become less substantial than money and resources allocated to prisons. Although television shows such as Lock Up or Lock Down expose the harsh realities of the wars that are ongoing in prison, the war on education has taken a substantialRead MoreThe American Education System1119 Words   |  4 PagesThe school calendar varies a little from state to state; but American grade school students are guaranteed 180 days no more, no less. Colleges and universities can operate on their own schedules. The list of holidays that students and their teachers enjoy range from Thanksgiving to Spring Break. In some locations, school holidays account for demographic diversity. For example, many school districts mandate holidays for Yom Kippur. Recently, Eid al-Fitr (the feast day at the end of Ramadan) was addedRead MoreImpact Of Education On The American Education Syste m1671 Words   |  7 PagesEducation has overtime developed from an institution that lacked what was necessary to properly education men, women and children, to what is now a fairly decent system that prepares people from all across the world. For minorities, or underrepresented ethnic groups in America this is a different case. My focused are of research pertains to the history of education and how policies and the quality of it has transformed. While we have grown over the decades to provide education for all groups of peopleRead MoreThe Education System Of The American School System961 Words   |  4 Pagespractices, the U.S., once the biggest global force in education, has seen its dominance slowly slip out, and its educational status fall even lower than that of several third-world countries. The decline experienced in American school system academic achievement is not as a result of lack of funding, but as a consequence of the overall educational system watering down. According to Gatto, educating children through the existing public school system of America is crippling rather than helping them. FromRead MoreThe Education System And The American Educational System899 Words   |  4 PagesThat trip spurred my desire to teach in less fortunate countries once I finish college. Once of the most significant differences between the Ugandan educational system and the American educational system that I saw was that access to education was so limited in Uganda. In 1997 Uganda initiated what they called Universal Primary Education (UPE), which aims to decrease poverty by making primary (elementary) school free, there by more accessible to it s students. (Bategeka and Okurut, 2006). The problem

Wednesday, May 6, 2020

General Motors, A Multi Billion Industrial Organization

Introduction General Motors is one of the world’s largest automobile company, a multi-billion industrial organization. Created by William Durant in September 1908. The company is one of the large enterprises in the United States that is first in the implementation of joint-stock and expert group management. But all companies run into barricades of problems in their time, especially for huge organizations. And one of the problems for General Motors was about their Corporate Culture. This culture crisis led to at least 13 deaths which came from a 325-page independent investigator report (Volukas report). The company received a lot of flak in during this time thus forcing them to make huge changes (as per GM CEO Mary Barra). In this report, we will discuss what a corporate culture is and how important it is to any company. We will outline what the role of Human Resources is in rebuilding the GM culture and what positions of the company we will address first. Next, we will discuss how HR can gain a seat at the table and what we can present the board of directors to get their buy in and see HR as an asset rather than an expense.We will discuss what the key HR issues were that lead to this culture crisis. Finally, we will discuss what our recommendations are to help rebuild the culture at GM. In this case study report, we will identify these problems to know what went wrong and where should we begin in rebuilding their corporate culture. We will look at these in the HumanShow MoreRelatedTvs Motor Company : The Third Biggest Exporter1677 Words   |  7 PagesTVS Motor Company is the third biggest bike maker in India, with an income of Rs.10131 Cr ($1.5 billion) in 2014-15. It is the lead organization of the Rs. 40,000 Cr ($6 billion, in 2014-15) TVS Group. The organization has a yearly offers of 2.5 million units and a yearly limit of more than 3 million vehicles. TVS Motor Company is likewise the second biggest exporter in India with fares to more than 60 Countries .TVS Motor Company Ltd individual from the TVS Group, is the biggest organization of theRead MoreThe General Motor Corporation And Alfred Sloan1406 Words   |  6 PagesThe General Motor Corporation and Alfred Sloan Khanh Do Phuong Phan Operation Management Fall 2015 Writing Paper Introduction There are few of important personalities who have made tremendous contribution to the process of industrialization of America. These industrialists help the economy of the country improving and developing. One of such famous inventor who has significant contribution to the operational management of the auto industry back in the old time was Alfred Sloan Jr. Sloan was knownRead MoreThe World Is Flat !, By Thomas L. Friedman1524 Words   |  7 PagesWhen using Chanel’s cosmetics, when drinking Danone yogurt with breakfast, when driving Ford motor the way home, global brands which are highly visible symbol of the increasing integration of world market, could been discovered around everywhere. As Thomas L. Friedman (2005) states, ‘World is flat!’, which means world is being shrunk by the spreading of globalisation. Globalisation, a result of social development, can be described as the increase in cross-broader trade and influence on the economicRead MoreNeocolonialism: the Relationship Between Superpowers and the Developing World1622 Words   |  7 PagesAmerica. According to Dr Alice Lyman Miller, a superpower is: â€Å"a country with the capacity to project dominating power and influence anywhere in the world†. Today there is a period of transition as the sovereign USA dominated world gives way to a multi-polar one, including the likes of the European Union and G8 countries (which represent 65% of global GNP, but only 14% world’s population). The Cold War (1947-1991) created a bi-polar world comprising the USSR’s Communist system, where all economicRead MoreThe Association For Manufacturing Technology1728 Words   |  7 Pagesassociation located in Northern Virginia was established in 1902. AMT services over 600 member organizations who are engaged in the manufacture and or distribution of manufacturing technology commonly used by industries engaged in the manufacture of primary and fabricated metal products, power generation and industrial machinery, electrical and electronic equipment, transportation equipment including motor vehicles, and medical equipment and supplies among others. â€Å"The Association For ManufacturingRead MoreHr Policies in Automobile Sector4783 Words   |  20 PagesREPORT ON HR POLICIES IN AUTOMOBILE SECTOR Submitted By : Vir Bhasin (13121) AUTOMOBILE INDUSTRY The  automobile industry  is a term that covers a wide range of companies and organizations involved in the design, development, manufacture, marketing, and selling of  motor vehicles,  towed vehicles,  motorcycles  and  mopeds. It is one of the worlds most important  economic sectors  by  revenue. Indian Automobile industry is the ninth largest in the world and Asia’s fourth largestRead MoreInternationalization of Toyota Motor Co.6825 Words   |  28 PagesGroup Assignment: INTERNATIONALIZATION OF TOYOTA MOTOR CO. Name of the students: VIJAY CHATURVEDI, SUUNIL DABRAL, PRIYAJEET VILKU, PROMILA KAUSHIK, SUMIT MAJKHOLA, RAJ SINGH THOL Group Number: 8 Name of the Course: GLOBAL BUSINESS ENVIRONMENT Assignment/Case number: 01 Faculty in charge: PROF. BIBEK RAY CHAUDHURI INTERNATIONALIZATION OF TOYOTA MOTOR CO. I) JAPANESE BUSINESS AND ECONOMY: [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] II) TOYOTA GOES INTERNATIONAL:Read MoreEssay about Entry Mode for Tata Nano in Hungary1507 Words   |  7 PagesSummary 2 Product 12 Price 12 Place and Promotion 13 Branding 13 Segmentation 13 Targeting 14 Positioning 14 Differentiation 14 Conversion model: 14 Executive Summary The organization Product/Service Market Opportunity Analysis Basic characteristics Economic Environment Read MoreToyota Motor Company Analysis1896 Words   |  8 PagesExecutive Summary: This report provides a detailed company description of the giant automaker Toyota Motor Corporation (TMC), along with an in depth analysis and evaluation of their logistics, marketing, human resource management and international strategy. What is currently being questioned is the allowance of TMC to cross our borders and begin operations within our country. After reviewing all evidence found for and against allowing TMC to enter our nation, it was made clear that TMC providesRead MoreIntroduction of Pakistan State Oil3784 Words   |  16 PagesFacilities at 9 airports in Pakistan and ship fuel at 3 ports. The key responsibility of PSO is distribution and marketing of various POL products, including Mogas (Motor Gasoline), HSD, Fuel Oil, Jet Fuel, Kerosene, LPG, CNG and petro-chemicals. It is also the largest Pakistani enterprise having an annual turnover of more than Rs 18.72 billion for approximately Rs.54 million per day. The head office that is called â€Å"PSO HOUSE† located in Clifton just after the Clifton Bridge. The building is newly constructed

Tuesday, May 5, 2020

Fundamentals of Innovation and Entrepreneurship Free-Samples

Question: Create a Proposal for your expected Business Idea and Convert it into a viable Business Opportunity. Answer: Introduction The Banks of Abu Dhabi are identified as one of the technically sound organizations. The working and safety structure is suitable to the customers as well as employees working in the organization. But, by observing issues related to the cyber-attack and cyber security, new system has been planned to be introduced in the banks which is identified as the Biometric system. The biometric system is considered as the new and specific innovation for the market in simple form. The safety of accounts and banking system is considered on the highest priority. The business proposal shown below will be helpful in covering the basic business topics related to the business. Business Vision/ Mission The business vision is to provide the most specific approach related to the Biometric system in all the organizations and banks. The invasion of the biometric system will help in bringing change in the security system associated to the organization. Apart from this, the secondary vision is the installation of maximum biometric voice recognition machines in the major banks of the Abu Dhabi The mission of introducing biometric systems is to secure all accounts from the cyber-attacks and cyber crimes. By introducing the concept of biometric systems, issues related to the cyber crime can be solved very soon. Other than this, there are various primary objectives too, which may aid in providing assistance for the improvement as well. The primary mission of the organization is to manage uncertainty and to develop an environment suitable for the improvement of an organization as well. Design Thinking The biometric system in technical term is also considered as the electronic sensor machine, which helps in taking thumb printing, retina testing and now voice aspects are also identified on a wide level. The biometric system which is to be introduced in the bank of Abu Dhabi assists in identifying the quality of voice in all the possible sense. The design thinking of this system is totally based on the electronic approach connected to the organization (Sadler Leifer, 2014). The prototyping and identification of the design sensor can be identified by design thinkers to elaborate approach in the broadened form. The structure of the biometric system should be designed in such a manner, so that the customers can manage the security system in a definite manner. The complexity and management of the design thinking will be helpful in defining the major perspectives related to the organization. To identify complexity ration and to consider the actual working concept of a biometric system, the different strategies should also be planned. By this, the recognition of actual person can be done. Apart from this, the biometric system helps in defining the major developmental and growth aspects connected with the organization (Sambidge, 2014). Business objectives Before initiating the basic ideas related to the business, it is essential to introduce business objectives. The primary purpose of the business objectives is to manage aspects related to the business and make it more stable and organized in reference to the organization. The Biometric voice recognition system in contrast to the organizational aspects is identified at a definite level. For introducing entrepreneurial practices, the definite range of objectives should be managed on a large scale as well. The first objective of the business is to introduce a secure system in the organization. This secure system can be managed with the help of definite aspects linked to the organization. In contrast to the banking system, information like account details, personal information, asset information and information related to the credit and debit card is important. To manage all these perspectives, it is essential to look forward to the organized approach as well. The second objective related to innovation is to provide technical support to the existing organization. The biometric system is helpful in recognizing various activities on a wide level. Apart from this, the frequency checking of the voice, matching related to the quality of voice, most appropriate identification related to the voice and other aspects are identified with the help of biometric system. So, improving the technical aspects is considered as one of the most specific method to achieve the target in a definite direction. The reduction in the overall amount of the transactions related to the bank is also considered as an objective related to the organization. The biometric system will be helpful in reducing the cost of the call. The recognition on a consumer level and identification of voice in a short span of time will help in providing specific assistance in a definite manner (Dail, 2017). The customer satisfaction is the primary objective related to the biometric system. The improvement in the high reliability rate and providing satisfaction in existing aspects is identified as one of the major aspect, which may help in providing a sufficient improvement on a wide level. To meet this objective, the biometric system also plans a specific approach in the proper manner. The most important business objective is to maximize the sale of the product. By this maximization of product, demand will increase on the highest level. This increment in the demand of biometric system will help in promoting business on a definite level. There are various commercialize, public and private sector banks which are coming up with different issues on the organization level. Solving these issues on specific level is also considered as the primary target of the biometric system. Apart from this, there are various objectives which should be pursued with the definite target in a correct direction. Business Significance The significance of the business is that it may help in providing specific assistance in a proper direction. The amount which is utilized for the business is considered very high in amount. At the start, banks need to pay a lot of amount for installing the biometric system and to maintain its database. But, once the system will be introduced in the market, it will help in providing specific assistance in the correct direction as well. Apart from providing assistance for the organization, the business is also successful in providing the most developed aspects associated with the organization. Before introducing biometric system, it is essential to calculate technical as well as the installation charges related to the software. The frequency and modulation of the voice will be checked. For checking this, it is essential to manage biometric systems in the more advanced and precise manner. The precise working strategy will take a lot of time, but simultaneously it may help in providing assistance in the correct direction. The level of security may also be managed in a wide form (Warisse Reinsch, 2007). The business significance will simultaneously create positive impact on the growth of the business. The most specific business will be helpful in providing specific assistance. Apart from this, the biometric system will be helpful in providing the most stable security system in the definite manner. The security system may also aid in strengthening the existing system and customer satisfaction as well. Service and its innovation The service which is identified for the specific clarification is related to the biometric system. The biometric system is recognized with specific aspects and procedures. For this business type, the biometric system is successful in providing special method for identification and recognition as well. The definite set of services will be providing on a wide angle and the expansion of biometric system is worth in every sense Business market location To set up the new business, the location which is identified is the major banks of the Abu Dhabi. The banks and commercial places related to the transactions are facing various issues related to the fraudulent, hacking and many others. For these fraudulent and unidentified issues, the biometric system is considered as the boon. To manage aspects related to the organization, variations in the biometric system are identified on a large scale. The banks are selected for introducing new concept related to the biometric system, because the chances of frauds and crime are very high in these areas. Apart from this, the organization is also recommending various other subsidiary organizations which can use specific information related to the biometric system as well. After introducing the concept on the banking level, the biometric system can be introduced on transaction and ATM level too. The ATM is located worldwide. To introduce the concept of ATM, the specific biometric system can be installed. The account holders can manage it by providing their specific voice identification aspects. By this, it could become possible to manage the elaboration of the biometric system easily. Entrepreneurial Eco-system The entrepreneurial ecosystem helps in providing opportunities to the young leaders and entrepreneurs to introduce the concept of biometric system on a wide level. The introduction of the biometric system is considered as the best part of innovation in which the maximum number of fraud cases can be solved in a unique manner. Through this environment, it could become possible to manage the aspects related to the economic process. The increments in share value and market expansion of the product are identified as some of the aspects which can be possible by the entrepreneurial ecosystem. The generation of the maximum amount can be planned by installing maximum numbers of biometric system in the banks and ATM. The introduction of new techniques and innovative aspects will be helpful in providing the specific assistance as well (Stam Spigel, 2016). This ecosystem may also enhance the working quality of biometric systems. By this, it becomes possible to gain the maximum customer satisfaction as well. The entrepreneurial ecosystem is identified as the root cause for the development and most specific business ideas as well. The entrepreneurial ecosystem also approaches for the well-organized business data and communication as well. The innovation of biometric system may also assist in introducing the new concept of voice recognition technology (Mason Brown, 2014). Innovative Clusters Innovative cluster in general terms will be helpful in providing assistance to the new techniques and innovation which are introduced in the organization. In contrast to the biometric system, it can become easier to introduce the concept in the banking sector. The innovative cluster comprises of different team member who belongs to different fields. This will be helpful in providing assistance for the long lasting activities. The team members comprise of the technical team, installation team, communication team, public interaction team, database management team and other teams which may help in providing specific assistance for the improvement (College, 2017). The innovation cluster will be helpful in providing a specific set of support to the banking system. The continuous changes and rearrangement of the team members will be observed on a large scale. It will also help in introducing the changing concept related to the organization. So, it is identified that the involvement of the innovative cluster will be helpful in introducing a specific set of changes in an organized way (katz Muro, 2010). Expected business value Social importance The expected business value and social importance which is identified is quite important for generating feedback for installing new machines in the banks. The business values which are expected after introducing the concept of biometric are very high. Apart from Abu Dhabi Commercial banking system, other banks related to the area are also using the concept of biometric systems (Espinoza Claxton, 2012). The rate of involvement to the biometric system has also risen with a rapid speed. The innovative business opportunities are open for both the entrepreneurs as well as the business purpose. The different type of returns which can be expected from this biometric machine are mentioned below: High level of customers satisfaction. Management of the new opportunities in a well-defined manner. Introduction of new concept in the major banking sector of the country. Increment in the trade values and perspectives. Other major aspects are also planned in an organized manner (Alavi, 2010). The social importance of this new innovation will be helpful in generating awareness among common people. With the help of biometric systems, common people can able to secure their personal rights as well as, the transactional aspects are also secured on a large level. The organization can also able to secure their data. The biometric system also helps in managing consistency and integrity of the available data. Apart from all these aspects, improvement in the existing procedure of the transaction and time saving may also being identified as well. The biometric system will be helpful in reducing the time as well as the efficiency of the customers. They operate this system from any place in the world. This will be helpful in socially managing the perspectives (Stterlin, Brunner, Siegrist, 2013 Conclusion The above scenario is successful in implementing the most specific scenario related to the organization. With the help of suitable business plan, chances of biometric system may increase on a wide level. The biometric system may be helpful in providing suitable assistance for the voice recognition method. The strategic approach and improvement aspects are also well managed in contrast to the biometric system. After preparing this business plan, it could become possible to introduce new plans and concepts in the banking sector of Abu Dhabi. But, due to the technical perspectives, there are still some issues which are unsolved yet. To manage these issues and to manage the specific worth of the Biometric system, it is essential to eradicate these issues on an initial level. The consultation with the other organization regarding biometric system, identification of the cyber-attack malware and other aspects should be clearly identified on the wide level. It may also be suggested that the awareness among the people can also be raised by public message and social media. To maximize the usage of these aspects, suitable plans for attention should be focused. These efforts are flawless and help in introducing the new concept of business in the organization as well References Alavi, K. (2010). Social skills and social values training for future k?workers. Journal of European Industrial Training, 34(3), 226-258. Retrieved from https://www.emeraldinsight.com/doi/abs/10.1108/03090591011031737 College, T. P. (2017). Innovation Clusters. Retrieved from https://developingchild.harvard.edu/innovation-application/key-concepts/innovation-clusters/ Dail, V. (2017). Top 5 Advantages Of Voice Recognition Security Systems! Retrieved from https://www.biometric-security-devices.com/advantages-of-voice-recognition.html Espinoza, M., Claxton, K. (2012, June). CO1 Individual Decisions and Social Value: A Conceptual Framework to Explore Alternative Decision Making Approaches and the Value of Heterogeneity in the Era of Individualized Care. Retrieved from https://www.valueinhealthjournal.com/article/S1098-3015(12)00077-0/abstract katz, B., Muro, M. (2010, September 21). The New Cluster Moment: How Regional Innovation Clusters Can Foster the Next Economy. Retrieved from https://www.brookings.edu/research/the-new-cluster-moment-how-regional-innovation-clusters-can-foster-the-next-economy/ Mason, C., Brown, R. (2014). Entrepreneurial ecosystems and growth oriented entrepreneurship. OECD. Sadler, J., Leifer, L. (2014, May 17). TeamSense: Prototyping Modular Electronics Sensor Systems for Team Biometrics. pp. 87-100. Retrieved from https://link.springer.com/chapter/10.1007%2F978-3-319-06823-7_7#page-1 Sambidge, A. (2014, October 19). Abu Dhabi bank says to boost security with voice biometrics. Retrieved from https://www.arabianbusiness.com/abu-dhabi-bank-says-boost-security-with-voice-biometrics-568433.html Stam, E., Spigel, B. (2016). Entrepreneurial Ecosystems. Retrieved from https://www.uu.nl/en/file/55729/download?token=dzRMYt-t Stterlin, B., Brunner, T., Siegrist, M. (2013, August). Impact of social value orientation on energy conservation in different behavioral domains. Journal of applied social psycology, 43(8), 17251735. Retrieved from https://onlinelibrary.wiley.com/doi/10.1111/jasp.12128/abstract Warisse, J., Reinsch, N. (2007). The Business Communicator as Presence Allocator: Multicommunicating, Equivocality, and Status at Work. Journal of Business Communication, 44(36), 1-26. Retrieved from https://www18.georgetown.edu/data/people/reinschl/publication-20965.pdf

Monday, April 6, 2020

All Quiet On The Western Front Report On Historical Fiction Essays

All Quiet On The Western Front Report On Historical Fiction Name of Book: All Quiet on the Western Front Author: Erich Maria Remarque Publisher: Ballantine Books Date you started book:____________ Date you completed book:__________ 1. In what period of history did the story take place? The story told in All Quiet on the Western Front occurs during the two years just before the Armistice ended World War I in November 1918. 2. Who was the hero in the book? Paul Baumer 3. Name One Problem that the hero experienced: When Baumer visits his home town he realizes that he can not communicate with the people on the home front because of his military experiences and their limited, or nonexistent, understanding of the war. When he first enters his house, for example, Baumer is overwhelmed at being home. His joy and relief are so great that he cannot speak; he can only weep. When he and his mother greet each other, he realizes immediately that he has nothing to say to her: We say very little and I am thankful that she asks nothing (page 159). But finally she does speak to him and asks, 'Was it very bad out there, Paul?' (page 161). He lies to her to protect her from hearing of the terrible conditions from which he has just returned. He thinks to himself, amazed that she would ask that, and confused as to how he should answer. He does not believe that she would understand or realize what he would say. Even in trying to protect her, by using words that are false, Baumer creates a separation between his mother and himself. Clearly, as Baumer sees it, those whom have not been in the war cannot conceive what its like to be a soldier. On another level, however, Baumer cannot respond to his mother's question: he understands that the experiences he has had are so overwhelming that a civilian language, or any language at all, would be ineffective in describing them. Trying to replicate the experience and horrors of the war via words is impossible, Baumer realizes, and so he lies. . . . 4. List three events in this book that made the story seem real to you: 1) Early in the novel, when Baumer tries to console his dying comrade, Franz, the story seemed quite real. Hundreds of soldiers who fought in wars had to go through seeing their comrades die, and writing home to their comrade's loved ones with the grim news. 2) When Baumer kills the Frenchman he is horrified. He killed the man with his hands, and saw him die, which differs from any other kill he has committed thought this war. When Baumer kills this man he feels himself on a personal level with this fellow human being. He realizes this man had a family, a life, and indeed he is no monster, just another person stuck in the war. He apologizes to the body, promises to it that he will write to the man's family and take his place in the world. Since the man is a printer, Baumer will become a printer. 3) The way this book is written, through the eyes of one man, thats what makes it so different than a simple recollection of history. Baumer's mind is slowly being perverted by his experiences in the war. Each friend he loses, each attack that is made on his platoon, to every poor meal he is given effects him. He sees himself as this young man whom had a great unforeseen future ahead of him, and years of school and childhood behind him, but the war had taken that all away from him. 5. In what Country did the story take place? This book took place in Europe. Since Baumer is in the German Army it would be my guess that the story took place on German battlegrounds. 6. What research did the author have to do before writing this book? The author, Erich Maria Remarque, was in combat during World War One. He was wounded five times. I think he gathered enough research and understanding for the characters from his own experiences during the war. 7. Write a definition for historical fiction: Historical fiction on s story that isn't true, but based

Sunday, March 8, 2020

Tnb-Financial Analysis Essay Example

Tnb Tnb-Financial Analysis Paper Tnb-Financial Analysis Paper INTRODUCTION OF CORPORATION PROFILE3 TENAGA NASIONAL BERHAD FINANCIAL ANALYSIS 1998-2007 i)PROFITABILITY RATIOS AND SALES REVENUE5 ii)LEVERAGE MANAGEMENT 9 iii)EARNINGS PER SHARE11 iv)LIQUIDITY RATIOS12 v) FIXED ASSET TURNOVER15 EXECUTIVE SUMMARY17 REFERENCE18 APPENDIX 1: RAW DATA APPENDIX 2: ANNUAL REPORT 1998-2007 INTRODUCTION OF CORPORATION PROFILE Tenaga Nasional Berhad (TNB) is the largest utility company in Malaysia. It is also the largest power company in Southest Asia with RM65 billion worth of assets serving over six million customers throughout Peninsular Malaysia and the eastern state of Sabah. Its core activities are generation, transmission and distribution of electricity. TNB is the only Malaysian energy company to rank among the top 50 energy companies in Asia in 2006 (based on the Platts’s survey of the top 250 Global Energy Companies) while internationally it is ranked as 168th. TNB was formed in 1990 by the Electricity Supply Successor Company Act 1990, as the successor of the National Electricity Board of the States of Malaya (Lembaga Letrik Negara Tanah Melayu). It was listed on the Bursa Saham Securities Berhad in the year 1990. TNB Group currently has a complete power supply system generating capacity of about 11,200 MW. In Peninsular Malaysia, TNB contributes to 55 percent of the total industry capacity through six thermal stations and three major hydroelectric schemes. It also manages the transmission network i. e. National Grid which links TNB power stations and IPPs to the distribution network. The National Grid is linked via 132kV HVAC and 300 kV HVDC interconnection to Thailand and 230kV cables to Singapore. TNB’s distribution network is managed through a comprehensive distribution system; customer service centres and calls management centres. Through its subsidiaries, TNB is also involves in the manufacturing of transformer, high voltage switchgears and cables, provision of professional consultancy services, architectural, civil and electrical engineering works and services, repair and maintenance, research and development and project management services. TNB also offers higher education through its university – University Tenaga Malaysia (Uniten). The Group mission is â€Å"We Are Committed to Excellence in Our Products and Services† FINANCIAL ANALYSIS (1998 – 2007) The purpose of this chapter will cover the analysis of financial statement from year 1998 to 2007 of Tenaga Nasional Berhad (TNB) to help evaluate the operating performance and financial positions. Operating performance analysis focuses on how well the organization is matching revenues and expenses or expenditures while financial position analysis focuses on how well positioned the organization is to pay its bills. The Groups principal activities are generating, transmitting, distributing, operating and selling electricity . Other activities include repairing, testing and maintaining power plants, providing engineering, procurement and construction services for power plants related products, assembling and manufacturing high voltage switchgears, coal mining and trading . Operations are carried out in Malaysia, Mauritius, Pakistan, India and Indonesia. Profitability Ratio And Sales Revenue Profitability ratio has increased tremendously from a negative 28% in 1998 to a positive 18% in 2007. This shows how well TNB is performing by analyzing profit earned relative to sales, total assets and net worth. The Group recorded a 14. per cent growth in revenue to RM23,320. 4 million in FY2007 from RM20,384. 2 million in FY2006 and 110 per cent growth in revenue from RM11,075. 6 million in FY1998. This can be seen in a staggered rise and was driven by various factors such as the implementation of the new tariff structure which took effect in the middle of Y2006, foreign exchange translation gains and a 5. 3 per cent increase in electricity demand. This is also reflected by higher electricity sales which increased by RM2. 7 billion or 13. 6% and cost savings. EBITDA increased to 37. 6 per cent compared to 35. per cent last year while net profit increased by 90. 9 per cent from RM2,126. 9 million (Y2006) to RM4,061. 1 (Y2007) million which is almost double the amount; and also a huge increase from a loss of RM3,093. 9 in Y1998. TABLE 1:TNB PROFITABILITY RATIOS 1998 2007 Ratio/Year1998199920002001200220032004200520062007 NET PROFIT MARGIN-0. 280. 070. 100. 150. 060. 060. 050. 070. 100. 17 ROA-0. 070. 020. 030. 040. 020. 020. 010. 020. 030. 06 ROE-0. 240. 060. 090. 130. 050. 070. 050. 080. 110. 17 TABLE 2: TNB CHANGES IN SALES REVENUE 1998 – 2007 RM/Year1998199920002001200220032004200520062007 Sales Revenue (RM million)11075. 6011716. 1013220. 00 13,951. 80 15375. 1016457. 8017712. 1018326. 4019707. 4022384. 00 FIGURE 1 FIGURE 2 FIGURE 3 FIGURE 4 Leverage Management Apart from registering its highest profit ever, the Group has for the past reduced its loan from RM27. 1 billion in Y2006 to RM23. 9 billion in Y2007. For the past 3 years, a major restructuring of loan has been done. As we can see of RM32. 4 billion in Y2004 to RM23. 9 billion in Y2007, reflecting a RM8. 5 billion or 26. 2 per cent reduction. During the same period, TNB has managed to collect RM553 million from major delinquent debtors and also eduction in theft. Due to the various cost management initiatives undertaken by the Management, the Company has realised around RM2. 4 billion in terms of value creation since 2004. TNB also saw increasing foreign investors’ interest in its shares, when foreign shareholding reached 28. 4 per cent in May 2007; it’s highest since the Company’s privati sation. Given the continued strong financial outcomes, the Company is poised to undertake appropriate growth opportunities within its core business areas. TABLE 5: TNB LEVERAGE MANAGEMENT RATIO 1998 2007 Ratio/Year1998199920002001200220032004200520062007 DEBT RATIO0. 70. 70. 70. 70. 70. 70. 70. 70. 70. 6 DEBT-TO-EQUITY2. 22. 41. 91. 72. 12. 22. 21. 861. 40. 78 FIGURE 5 FIGURE 6 Earnings Per Share During the year 2007, the Board announced a dividend policy for the purpose of providing stable and sustainable dividends to shareholders while maintaining an efficient capital structure and ensuring sufficient funding for future growth. Under this policy, TNB will distribute 40-60 per cent of the Company’s annual free cash flow as dividends. As such, the Board of Directors is recommending a final gross dividend of 16. sen per ordinary share less income tax of 26 per cent to shareholders of the Company. Together with the interim dividend of RM632 million, the total dividend declared for this Financial Year amounts to an estimated RM1,154. 5 million. From track record Y1998 to Y2007, Y2007 has the highest payout. This change of a negative EPS of 99. 8 sen in Y1998 to a turnaround posit ive 94. 9sen in Y2007 (an 81% increase compare to Y2006 of 52. 5sen). TABLE 6 : CHANGES IN EPS 1998 2007 Ratio/Year1998199920002001200220032004200520062007 EPS-99. 824. 942. 967. 830. 734. 126. 132. 052. 594. 9 FIGURE 7 Liquidity Ratio The current ratio can give a sense of the efficiency of a companys operating cycle or its ability to turn its product into cash. It measures a companys ability to pay short-term obligations. Liquidity ratios measure the short-term ability of the entity to pay its maturing obligations and to meet unexpected needs for cash. As per the above calculation, current ratio and quick ration for TNB decrease from year 1998 to 2000 but increase from 2000 to 2007. The increase in both current and quick ratios from 2000 to 2007 indicates improvement in liquidity (Current ratio from 0. 5 times in 2000 increased to 1. times in 2007; quick ration from 0. 4 times in 2000 to 1. 2 in 2007). The current ratio means for every dollar of current liabilities, in year 2007, TNB has $1. 50 of current assets compare to 1998 which has only $0. 80. While for quick ratio, TNB performed quite well too. Ratio increased from year 2000 to 2007. The peak was in year 2004 with the quick ratio of 1. 4. The company is â €˜cash rich’ and able to pay off short-term obligations without relying on the sale of inventories. TABLE 4: TNB LIQUIDITY RATIO 1998 2007 Ratio/Year1998199920002001200220032004200520062007 CURRENT RATIO0. 0. 70. 50. 70. 80. 91. 71. 21. 41. 5 QUICK RATIO0. 60. 50. 40. 60. 60. 51. 411. 11. 2 FIGURE 8 FIGURE9 Fixed Assets Turnover Assets management ratios measure how effectively TNB is managing its assets. Fixed assets turnover ratio for the company is increasing from the year 1999 to 2007, from 0. 27 to 0. 41, 51% improvement over 9 years of business operation. Over the 9 years TNB’s total assets turnover ratio increased from 0. 25 times in 1999 to 0. 34 times in 2007. This indicates that the company is generating sufficient volume of business given its total assets investment. Sales increased, some assets were sold, or a combination of these steps had been taken. TABLE 3: TNB ASSET MANAGEMENT RATIOS 1998 – 2007 Ratio/Year1998199920002001200220032004200520062007 FIXED-ASSET TURNOVER0. 280. 270. 290. 290. 300. 320. 330. 350. 370. 41 TOTAL ASSET TURNOVER0. 260. 250. 260. 260. 270. 270. 280. 300. 310. 34 FIGURE 10 FIGURE 11 Executive Summary In summary, it can be seen that Tenaga Nasional Berhad has increased its performance quite steadily for the past ten years. It has managed to improve its performance from losses to steady growth of earnings and profit. It has done by steadily increasing its tariff, earnings from foreign exchange translation gains and increase in electricity demand. Tenaga Nasional Berhad are also able to manage its debt by decreasing it quite considerably. The company managed to collect its debt from major delinquent debtors and also reduction in theft. Though its total revenue increases, there is large escalation in total operating cost. This in turns has resulted into slight decrease of its profit margin. It has shift its operation towards fuel- fix in order to reduce the cost of coal usage and also maximizing its gas and hydro usage from its multi-fuel plants. The rising coal price has increase the total fuel cost. However its foreign exchange gain and continued effort in cost management has increased its pre tax profit. TNB would need to resort to the capital market to finance its capital expenditure requirements due to increases in operating cost and requirement to enhance its electricity supply reliability. TNB also has plans to further increase its tariff in 2008 due to the increasing cost i. e. the increase in the selling price of independent power plant (IPP) where it purchases some of its energy requirement This has lead to a lot of debate in the government and also its consumer. There are pressures for TNB to review its current contract with the various IPP to ensure that TNB will be able to fully benefit and earn a profit from its agreement with them. It remains to be seen if TNB will do so despite pressure from its consumer to not increase the tariff. In conclusion, TNB should be able to sustain its current growth and further increase if profit. However TNB must be mindful of its operational cost in order for it to sustain its profit. REFERENCE ?Tenaga Nasional Berhad Annual Reports 1999-2007 ?www. tnb. com. my ?http://en. wikipedia. org/wiki/Tenaga_Nasional

Friday, February 21, 2020

How the media communications impacted public perception on marijuana Research Paper

How the media communications impacted public perception on marijuana - Research Paper Example Marijuana in most nations around the world is categorized as an illegal drug and its use is outlawed. However, there are alternative uses of marijuana ranging from the production of animal feeds, plastic products among other use. In the U.S.A, the use of marijuana has been prohibited to both the living and those who are dying. The most tragic of the prohibition of its use has been the denial of medicinal cannabis to millions of patients who could benefit from its therapeutic use. The use of Marijuana for medical purposes has numerous examples that cannabis is invaluable in the treatment of a wide range of diseases. It has numerous clinical applications as well. The most important of these is perhaps being used as a pain reliever especially pain suffered because of nerve damage otherwise known as neuropathic pain. It is also known to deal with movement disorders, glaucoma and nausea. Apart from medical use, there are a number of reasons given for the legalization of marijuana. One of them is that marijuana is no more harmful than alcohol or cigarettes, which are legal and widely use in the US already. The other argument is that decriminalization will result in reduced criminal and gang activities that are related to the sale of Marijuana. The process of legalizing marijuana for medicinal use and other purposes has been a long one and the role played by the media cannot be ignored. It served an important role in the education of the masses as to this alternativ e method of treatment.