IS, LM model and explanations(in the form of an essay).

Essay topic1. Introduction: During the years after World War II, the development of the IS-LM model took several directions. Probably, the most prominent ideas on that theory were expressed in the work of John Hicks called Mr. Keynes and the Classics. The model expressed in the article was largely based on the works of John Maynard Keynes and became a widely accepted as the alternative framework to standard Keynesian analysis. The IS-LM model is a way of modelling equilibrium in the economy by looking at equilibrium in the goods and services markets (the IS curve) and equilibrium in the money markets (LM curve). Where both these markets are in equilibrium will be the equilibrium level of income. The IS-LM model looks at income against†¦show more content†¦Therefore, the amount of income from Y`1 to Y1 will be anattainable because of outcrowding of the private sector by the public sector investment (shaded area). The degree of crowding out depends on severeal factors. One of them is the extent of multiplier effect. Multiplier effect occurs when increase in investment or any other autonomous expenditure leads to even greater increase in income. For example, it may become widely believed that the MPC (Monetary Policy Committee) is going to reduce the rate of interest. In that case, number of leackages in the economy in the form of savings is likely to decline and consumption to increase. This will result in the larger propensity to consume for every marginal unit of income. Increase in consumption should lead to increase in investment and more flatter IS curve (see figure 3), which will mean greater degree of crowding out. Figure 3. r LM r` r IS` IS 0 Y0 Y1 Y`1 Y There are other factors influencing the extent of crowding out effect. Effectivness of fiscal policy also depends on the elasticities of IS and LM schedules. If investment is relatively sensetive to the changes in the rate of interest, than for any change in interest rate there will relatively big change in investment and correspondingly equilibrium rate of output. In that case the IS curve will be relatively interest elastic and flatter. If the IS curve isShow MoreRelatedThe Impact Of Monetary Policy On China Economic After The Financial Crisis2469 Words   |  10 Pageswhich kinds of monetary policy effectively affect on the China economic after the financial crisis and how it affects. Government can find the direct way to improve the China economic market after the financial crisis. The results of Mundell-Fleming model show that the China economic market is affected by several factors such as interest rate and money supply. Introduction In 2007, US sub-prime mortgage crisis quickly spread to the world by the financial markets, the dollar and international trade.Read MoreMicroeconomics: Supply and Demand and Price5551 Words   |  23 Pageseconomics. ____________________ 3. The Greek word for economics. ____________________ 4. Developed the theory of political economy. ____________________ 5. Considered as the bible of economics. ____________________ 6. Developed the concept of IS-LM model. ____________________ 7. Refers to economics â€Å"as it is†. ____________________ 8. Science that manages limited resources in demand. ____________________ 9. Developed the theory of money, employment and interest. ____________________ 10. Refers toRead MoreInstructional Design: Capstone project7252 Words   |  30 Pagesthe department heads toward a deeper understanding of instructional design (ID). Toward this goal, the course in ID intends to implement assessments that are realistic and skill appropriate. Also, â€Å"the development of any complete quality assurance model for web-based learning needs to incorporate perceptions from academic staff † (as cited in Deubel, 2003, para. 2); therefore, course evaluations will be used to promote service excellence. Goal 3    In providing support for these faculty membersRead MoreSocial Class Is An Ongoing Problem2744 Words   |  11 PagesSocial class is an ongoing problem in education, especially for those living on the lower end of the divide. More than one in five of Scotland’s children are living in poverty. In this essay I will consider why social class is an ongoing problem, its influence on wellbeing and achievement, and propose ways in which we can attempt to combat these issues. This will be accomplished with reference to concepts, theories and the scenarios detailed in appendix A, B and C. According to Bourdieu s highlyRead MoreMastering Graduate Studies 1e32499 Words   |  130 PagesDevelopment and Design: Jo DeSnyder-Rolfe Permissions contact Grand Canyon University 3300 W Camelback Rd Phoenix, AZ 85017 602.639.7500 Copyright Information Grand Canyon University. All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher  custom textbook usage The following icons have been created to assist students’ interactive experience in usage of this textbook. These will appear across the top or bottom of everyRead MoreGame Theory and Economic Analyst83847 Words   |  336 Pagese-Library, 2004.  © 1995 Éditions Dalloz English edition: editorial matter and selection  © 2002 Christian Schmidt; individual chapters  © the contributors All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library CataloguingRead MoreOrganisational Theory230255 Words   |  922 Pagestheory matters. I felt in good hands here, confident that I was being offered a deeply informed, reliable and intelligently constructed account. The opening chapter carefully and helpfully explains terms, including ‘theory’ and ‘epistemology’ that can form an unexplored bedrock to texts in the field. It then offers thoughtful, scholarly and well-illustrated discussions of prominent theoretical perspective, including managerialism and postmodernity, supported by specified learning outcomes and guidesRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesrights reserved. Manufactured in the United States of America. This publication is protected by Copyright, and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or t ransmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Education, Inc., Permissions Department, One Lake Street, Upper SaddleRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 PagesBasics of Risk Chapter 5: Option Pricing Theory and Models Chapter 6: Market Efficiency: Theory and Models Chapter 7: Riskless Rates and Risk Premiums Chapter 8: Estimating Risk Parameters and Costs of Financing Chapter 9: Measuring Earnings Chapter 10: From Earnings to Cash Flows Chapter 11: Estimating Growth Chapter 12: Closure in Valuation: Estimating Terminal Value Chapter 13: Dividend Discount Models Chapter 14: Free Cashflow to Equity Models Chapter 15: Firm Valuation: Cost of Capital and APVRead MoreProject Managment Case Studies214937 Words   |  860 PagesCopyright O 2006 by John Wiley Sons, Inc. All rights reserv ed. Published by John Wiley Sons, Inc., Hoboken, New Jersey Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization

Essay about Comparative Economic Systems - 1244 Words

Comparative Economic Systems Capitalism is the economic system found in the United States, Japan, and Germany that are based on private ownership of productive property. Items are known as productive since their use can produce other objects of economic value, income, or money. Things such as a worker’s tools, a farmer’s fields, or a factory’s machine can be considered as productive property. The basic four factors of production that are important for any nation’s economy is land, human resource labor, management, and capital. Land sums up to a variety of economic uses for agriculture, mining, and forestry. Men and women who work in mines, factories, offices, hospitals, and other places all provide labor that’s essential†¦show more content†¦According to laws of supply and demand when supplies become more plentiful, prices tend to drop. Being that a firm is the only source of a product or service, it’s known as a monopoly. Monopolies can be very powerful due to the fact that they can charge as much as they want without any competition. Consumers can choose from a variety of products and services, entrepreneurs can switch from one business to another, and workers can quit their jobs and take new ones all has to do with freedom of choice. Adam Smith claimed in a classic expression that when all individuals are free to pursue their own private interests, an â€Å"invisible hand† works to promote the general welfare. On the other hand, the Laissez-Faire Theory confines that governmental activity should be confined to: (1) foreign relations and national defense, (2) the maintenance of police and courts to protect private property and health, safety, and morals of the people, (3) those few other functions that cannot be performed by private enterprise at a profit. Many aspects of American economic life are regulated by government at every level, like the prohibition of trust, and protecting the environment. While American economic life is also promoted by government, as well. For example, the government construct public roads and highways, and provides such services as the postal system, the census, and weather reports. Taking risks and making investments are an essential part of theShow MoreRelatedEssay about Comparative Economic Systems791 Words   |  4 PagesComparative Economic Systems Governments have built up and founded on many different ideas, systems, and â€Å"what’s right and wrong.† Each country directs certain ideas on what’s right, and what works for them, some can be very successful, but at the same time all have flaws. In this comparative paper the differences and similarities of capitalism, socialism, and communism are going to be addressed. In the end I will form my personal opinion of which I prefer.In a communist world everyoneRead MoreComparative Politics and the Peoples Republic of China1266 Words   |  5 Pages Comparative politics is an important aspect of political science in that instead of studying how this country functions, it studies why other countries around the world are the way they are. There must be some medium for finding the differences and similarities between one county and another. Another very important reason to study comparative politics is to better understand how certain regimes work. While studying comparative politics there is one regime that stands out to me. The rise of ChinaRead MoreClassical Liberalism Is The Ideology Of Capitalism?1151 Words   |  5 Pagesfinally, a suggested action that will help achieve said goal. Capitalism is currently the most popular economic system, but one’s perspective can create differences in definitions. Breaking down Capitalism can reveal an ideology that some may find to be very familiar, and many believe that Classical Liberalism actually contains the ideology behind the currently most popular type of economic system. First, I will that explain the introduction of Classical Liberalism ideology in history and then discussRead MoreGlobalization And The International Monetary System1155 Words   |  5 Pagesglobalization exists. We need them because they help regulate the marketplace and promote treaties that help govern business done globally. I learned about the International Monetary Fund, which controls the management of the international monetary system. The United Nations is in charge of security and keeping the peace between all nations. Globalization has lead to technological change that has helped advance our world. The technological change meant lower costs of communication networks, and informationRead MoreGovernment As A Market Economy1386 Words   |  6 Pages1.What do you think about the role of government in a market economy? Do you think government should intervene in a market economic system? Why? Explain. The government plays a critical role in a market economy, for it establishes the strategies of providing key services, redistribution, regulation and subdivision. Concerning provision, the government plays the role of providing public goods and services such as national security, which is imperative for a stable economy. Within the American economyRead MoreTrade Liberalization And Socio Economic Development Essay1607 Words   |  7 PagesTRADE LIBERALIZATION AND SOCIO-ECONOMIC DEVELOPMENT IN NIGERIA; 1999-2010 BY Ugwoke, Obiora Francis Department of Political Administrative Studies University of Port Harcourt, Port Harcourt, Nigeria And Okechukwu S. Amadi Department of Political Administrative Studies University of Port Harcourt, Port Harcourt, Nigeria Abstract This paper sought to evaluate the concept of Trade Liberalization and Development in NigeriaRead MoreImport Substitution1497 Words   |  6 Pagesmeant to generate employment, reduce foreign exchange demand, stimulate innovation, and make the country self-reliant in critical areas such as food, defense, and advanced technology. What Does Import Substitution Industrialization (ISI) Mean? An economic theory employed by developing or emerging market nations that wish to increase their self-sufficiency and decrease their dependency on developed countries.  Implementation of the theory focuses on protection and incubation of domestic infant industriesRead MoreAn Approach to the Regional Neoliberal Governance in Southern Africa from a Critical Perspective1177 Words   |  5 Pagesthe maintenance, protection or transformation of prevalent structures. In that way, according to Sà ¶derbaum, regions can be disrupted from within and from without by the same forces that build them up. (Sà ¶derbaum 2004a, p. 421). The process of economic globalization and the impact of neoliberalism in the contemporary world have affected the context in which regionalism/ regionalization occurs, with new balances and relations and consequent implications for the political economy of regionalismRead MoreAn Introduction to Varieties of Capitalism (Peter Hall)6190 Words   |  25 PagesAbstra ct: This chapter outlines the theoretical perspective behind a ‘varieties of capitalism approach to comparative political economy, emphasizing the central role of the firm as the agent of economic adjustment and the impact of the relationships it forms in the spheres of corporate governance, labor relations, skill formation, inter-corporate relations, and employerÂâ€"employee relations. It develops the distinction between liberal market economies, where firm endeavours are coordinated primarilyRead MoreCapitalism on Wages and Income Essay1426 Words   |  6 PagesIntroduction Capitalism is an economic system in which industry, trade and factor and means of production are controlled by private investors or owners with an aim of making profit in a market economy. It affects the rate of capital accumulation, labor wage and the control of competitive market. This usually affects the economy of different societies since the government has no control over the economy. The forces of capitalism greatly affect the societies in that the poor continues to be poorer

Good and Poor Communication Between HSBC Bank & Bank Of America

Question: Discuss about the Comparesion The Good Communication Of HSBC Bank With The Poor Communication Of Bank Of America. Answer: Introduction: The assignment compares between the good communication and the poor communication policies of two organisations from the same industry. The paper compares between two organisations from the banking industry, the HSBC bank and Bank of America. The first section gives detail example and explanation of the communication practices in these two banks. This is followed by communication research and methodology. The last section is an analysis of the two natures of communication exemplified by the two banks. The section first analyses the two types of communication followed by a study of how the strong communication helps HSBC. The last section points out how poor communication of Bank of America hampers its business and market position. Report Overview The report studies the importance of communication in the present scenario. It compares the good communication of HSBC bank with the poor communication of Bank of America. The paper shows how strong communication of HSBC bank reflects its organisation culture and ensures customer satisfaction. The paper also points out how poor communication strategy of Bank of America is proving detrimental to its business and market position. The study also presents the products these banks offer and their customer groups served. The assignment draws strength from various literary sources and websites. It customer reviews goes a long way in gaining important knowledge to compare between these two standards of communication. Discussion and analysis of the finding: Good communication Hnninen and Karjaluoto (2017) in their work state that good communication forms the key elements in business communication. It contributes towards positive relationship between the companies and their customers. Varner and Varner (2014) in their show that communication helps the international banks like HSBC obtain deep knowledge about the varying cultures of consumers. It helps them to understand their needs and formulate products according to the customers needs in various countries. Their strong communication channels facilitate them to serve the customers any time who helps them to a loyal customer base all round the world. Business description: HSBC Bank is one of the world largest networks of multinational banks known for good communication. The banks provide products like savings account, current accounts, loans, insurance, bank overdraft facility and trading account. The bank is known for maintaining good and healthy communication with its customers and employers. The bank maintains strong communication channel both internally and externally. A survey of several employees show that HSBC is a great employer whose transparent communication policies create a positive attitude among the employees. The employees are communicated the terms and conditions of employment so transparently by the HR that they feel confident to work. Some of them reveal that the bank allows its employees to balance between work and life. They are allowed to work and communicate using the advanced communication technology used by the bank (Glassdoor 2017). HSBC being serves a global customer base with customer segments ranging from multinational companies to small firms. The bank also has a commendable base of household sector customer base. The bank maintains strong communication channels through net banking, mobile banking and an efficient staff (Christie 2017). The customers can get in touch with the customer care service agents any time they want. They relationship managers in the bank maintain continuous communication with the customers to know about their requirements and offer them the most appropriate products that suit their needs (Mozo.com.au 2017). Poor communication: Jagongo and Kinyua (2013) in their work state that good business communication allows the companies to get access to resources which would have otherwise been impossible to access. Strong communication channels allow banks to inform their customers about their products, latest rules and regulations and other important market information. It creates customer satisfaction and trust between the bank and its customers. Poor communication hampers business and causes customer base erosion. Communication research: Good communication has become so important to business success that it a lot reaersch are going on in the field. The research methodology used is studying of various articles like journals, newspapers and the reviews on the internet. Business description: Goetsch and Davis (2014) in their work state that customer needs are the modern quality parameters. Banks today pay a lot of emphasis on the needs of individual customers to increases customer satisfaction. The study of the communication between Bank of America, one of the world largest international banks and its customers reveal poor communication and banking relationship. Zhang, Banks and Heaven (2012) in their article shows that Bank of America maintains a poor communication with its customers. The bank is a multinational bank which provides varying services like saving accounts, current accounts, loans, credit cards and deamt accounts. The customers also reveal that the bank official do not communicate important financial information and often behave rudely with them. The poor communication from the side of the bank towards the customers results in several unresolved issues and complaints (Weinstein et al. 2015). Communication methodology: The communication methodologies employed by the banks are both written and oral. The banks today communicate with their customers and employ more frequently to bring about innovations in their operations. It creates a feeling of importance among the customers which makes it easier for the banks to introduce innovative products more easily (Rostami, Khani and Soltani 2016). The banks communicate financial information through letters and emails. They allow customers to transact and interact with them through electronic payment systems and telebanking services (Agboola 2015). The staffs at the bank branches provide advices to the customers regarding financial products and investments like credit and saving accounts. They interact with the customers face to face or on the digital platform and guide them financially. Report analysis: A comparison between the good communication of HSBC bank and poor communication of Bank of America show that the former has a stronger relationship with the customers. Types of communication being analysed: The type of communication analysed are written, oral, behavioural and technological. The banks communicate with their customers through internet banking and mobile banking and provide them with services. They maintain trained bankers who meet the customers personally and speak them about their products. The banks also communicate with their customers through email especially while sharing confidential financial data. Comparing and contrasting between the natures of two types of communications: HSBC bank shows a good communication with its customers while Bank of America shows poor communication. A contrast between the two banks reveals that the customers are more benefitted by the operations of HSBC bank. HSBC bank communicates with its cuctsomers and employees thorough written communication like emails and letters which provides transparency and allows the customers to retain the information for future reference. The bank provides services to its customers through net banking and mobile banking. Its customer service helped in solving issues. Bank of America, in comparison to HSBC bank practices poor communication with its customers. The bank staffs behave rudely which creates hindrance to communication and creates negative image about the bank in the customers minds. The bank does not communicate efficiently with its customers and attend to their complaints efficiently (Araki et al. 2017). What works for HSBC Bank: HSBC bank communicates with its customers efficiently on the digital platform using netbanking and mobile banking which allows customers to interact with it more easily. The customer service personnel communicate with the customers and attend to their complaints. It works for HSBC bank because it helps it to maintain a healthy relationship with the customers. The bank can keep a track of the customer needs and get to know about their new requirements. They are able to provide with appropriate financial solutions to the customer which fulfils their requirements. It also helps the bank to generate new business and maintain a loyal customer base. It creates a strong image of HSBC bank in the banking industry and enhances its image among the customers. What does not work for Bank of America: The personnel working in Bank of America behave rudely with the customers which creates a communication barrier between them. This poor communication discourages the customers from interacting with the bank about their new requirements. The rude behaviour of the employees also reflects their lack of job satisfaction and a weak organisational culture of the bank. The customers complaints remain unresolved which forces them to shift to other competitors of Bank of America like JP Morgan. This creates dearth of loyal customers who can provide the bank with future business. This results in weak acquisition of customers which hampers the business of the bank. It rude and irresponsive attitude of the bank towards the customers create a weak corporate image of the bank. It results in reduction of power of the bank to generate revenue which affects the growth of the bank. It also exposes the bank to legal actions initiated by the customers which again erodes its capital. Thus, the poor commu nication tarnished the market goodwill of Bank of America and results in opportunity losses. It places the bank before a strong market competition which challenges its competitive advantage in the market. References: Agboola, A., 2015. Electronic payment systems and tele-banking services in Nigeria.The Journal of Internet Banking and Commerce,2006. Araki, H., Kim, J., Zhang, S., Banks, A., Crawford, K.E., Sheng, X., Gutruf, P., Shi, Y., Pielak, R.M. and Rogers, J.A., 2017. Materials and Device Designs for an Epidermal UV Colorimetric Dosimeter with Near Field Communication Capabilities.Advanced Functional Materials,27(2). Christie, S. 2017. The best banks for customer service in 2015. [online] Telegraph.co.uk. Available at: https://www.telegraph.co.uk/finance/personalfinance/bank-accounts/11299270/The-best-banks-for-customer-service-in-2015.html [Accessed 20 May 2017]. Glassdoor. 2017. HSBC Holdings Reviews. [online] Available at: https://www.glassdoor.co.in/Reviews/HSBC-Holdings-Reviews-E3482.htm [Accessed 20 May 2017]. Goetsch, D.L. and Davis, S.B., 2014.Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Hnninen, N. and Karjaluoto, H., 2017. The effect of marketing communication on business relationship loyalty.Marketing Intelligence Planning,35(4). Jagongo, A.O. and Kinyua, C., 2013. The social media and entrepreneurship growth (a new business communication paradigm among SMEs in Nairobi). Mozo.com.au. 2017. Customer reviews of HSBC bank account - Mozo. [online] Available at: https://mozo.com.au/rate-and-review/hsbc/bank-account-reviews [Accessed 20 May 2017]. Rostami, A., Khani, A.H.A. and Soltani, G., 2016. The impact of e-service quality on the improvement of the level of communication with customers of bank Melli branches in south Tehran affairs office.Procedia Economics and Finance,36, pp.448-455. Varner, I.I. and Varner, K., 2014. The Relationship Between Culture and Legal Systems and the Impact on Intercultural Business Communication.Global Advances in Business Communication,3(1), p.3. Weinstein, A., Clasen, W., Lorenzo, E. and Roberson, E., 2015. Bank of America customer service: Good is just not good enough.Journal of Business Cases and Applications,14, p.1. Zhang, Y., Banks, C.J. and Heaven, S., 2012. Co-digestion of source segregated domestic food waste to improve process stability.Bioresource technology,114, pp.168-178.

International Management The Case of China

Extant literature demonstrates that cultural factors not only shape but also influence how business organizations behave and perform in cross-culturally reflected international markets (Guang Trotter 6456).Advertising We will write a custom research paper sample on International Management: The Case of China specifically for you for only $16.05 $11/page Learn More The present paper attempts to develop a cultural profile of China and also explicate some key findings on Hofstede’s four dimensions of cultural differences. The cultural profile is presented along four main subsystems: religion, kinship, leisure and recreation, as well as dressing. In religion, the major finding is that China is an atheist state, but Confucianism, Catholicism, Buddhism and Taoism continue to influence significantly the basis around which the cultural aspects of Chinese life is organized. Most people practice Confucianism more as a philosophy than a religion, but this p ractice not only bears spiritual value but also provides them with some form of social interaction and impacts on everyday observances (Diversicare 16). In kinship, it is important to note the Chinese society is largely male-centered and the man continues to occupy a dominant position in the family in terms of decision making, but â€Å"Chinese women are increasingly acquiring greater equity with men as they contribute their income or labor often in a family business† (Diversicare 9). In leisure and recreation, the major finding is that Chinese people like to develop a structured routine by which they engage in leisure activities and they like sticking to these routines without failing. The family plays an influential role in deciding which recreational activities to engage in (Diversicare 12).Advertising Looking for research paper on cultural studies? Let's see if we can help you! Get your first paper with 15% OFF Learn More Lastly, in dressing, the Chinese hav e no specific rules or customs that govern the dress code and clothing is usually chosen for comfort or to reflect the fashion of the day (Diversicare 10). International organizations wishing to conduct business in China need to develop foresight into the prevailing attitudes in the country (Selmer 68). The prevailing attitude towards time is that it should be managed effectively to avoid wastage as it is a critical asset that determines success. Various religious doctrines in Taoism and Buddhism do not allow individuals to change or alter the environment (Selmer 72), thus it may prove challenging to initiate change in China because people who are guided by these doctrines may choose to adjust to the physical environment rather than alter its normal functioning. Many Chinese are still influenced and shaped by Confucianism and communism, with this being reflected by how they demonstrate the collective wellbeing of society rather than individualistic predispositions. Today, however, t his trend is changing as more Chinese are pushed by materialistic intentions to make money for themselves and their families (Hay para. 1). Hofstede’s seminal work â€Å"resulted in a path-breaking framework for understanding how basic values underlie organizational behavior† (Deresky 100). This section aims to briefly outline Hofstede’s findings regarding the four value dimensions, namely â€Å"power distance, uncertainty avoidance, individualism and masculinity† (Deresky 100). In power distance, Confucian teachings and communist orientations influence many Chinese employees to acknowledge the boss’s authority simply by demonstrating respect to the position of power in the hierarchy.Advertising We will write a custom research paper sample on International Management: The Case of China specifically for you for only $16.05 $11/page Learn More In uncertainty avoidance, Chinese kinship and family systems give rise to high level of uncertainty avoidance, implying that organizations that wish to operate in China are likely to be governed by strict rules that achieve high adherence from employees (Deresky 100). In individualism, the Chinese people are increasingly moving away from the yoke of communism towards individualism and therefore employees are now regarding individual initiative and personal achievement towards economic empowerment. In masculinity, more Chinese women are joining the formal labor force but are yet to achieve high-level jobs. It can therefore be argued that China lies somewhat in the middle of the masculinity-femininity paradigm as there is a demonstrated concern for others though assertive orientations are still prevalent (Deresky 101). Works Cited Deresky, Helen. International Management: Managing Across Borders and Cultures. 7th ed. Upper Saddle River, NJ: Prentice Hall. Diversicare 2006, Chinese Culture Profile. PDF File. Web. Guang, Tian Dan Trotter. â€Å"Key Issues in Cr oss-Cultural Business Communication: Anthropological Approaches to International Business.† African Journal of Business Management. 6.22 (2012): 6456-6464. Web. Hays, Jeffrey. Chinese Society – Confucianism, Crowds and Villages. 2011. Web.Advertising Looking for research paper on cultural studies? Let's see if we can help you! Get your first paper with 15% OFF Learn More Selmer, Jan. â€Å"Cross-Cultural Training and Expatriate Adjustment in China: Western Joint venture Managers.† Personnel Review. 34.1 (2005): 68-84. Emerald. Web. This research paper on International Management: The Case of China was written and submitted by user Angelina Y. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Laws Dont Control Guns

or with fewer arrows violence will decrease. Violence is not a function of the weapon. It is a result of temporary and/or permanent state of mind. A gun can trigger violence no more than a knife, a sword, or an arrow can. In an average year five times as many ch... Free Essays on Laws Don't Control Guns Free Essays on Laws Don't Control Guns "A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed." Second Amendment (United States constitution). Irrespective of all arguments pertaining to the syntax of the above, the fact remains that the amendment guarantees the contination of the right to keep and bear arms to the people (Gun Week September 1991). The question is whether today's world can accommodate this 200- year-old article whose amendment requires a two-thirds majority of each house and three-fourths of the states' vote; whose amendment process can be totally ruined by just a small percentage of the U.S. population. It is essential to understand that the constitution is not etched in stone. With the dawn of technological industry and formulation of automatic weapons, the US Government has prohibited sales and ownership of such since 1934. In 1993 the Brady Bill was passed resulting in a very obvious Show-Gun Loophole. Again in 1994 an act was passed resulting in prohibition of weapons within a said radius of schools and government buildings. Still further acts of installing safety features in guns to prevent tragedies have been points of controversy. Experience and reason dictate that laissez faire and totalitarian rules are equally harmful and fine boundaries need be drawn to fully capture the essence of democracy. Supporters of further gun control argue that with fewer guns violence will decrease. Tragedies involving minors will reduce and America will be a safer place to live. The argument is like saying that with fewer swords or with fewer arrows violence will decrease. Violence is not a function of the weapon. It is a result of temporary and/or permanent state of mind. A gun can trigger violence no more than a knife, a sword, or an arrow can. In an average year five times as many ch...

Rosalind Franklin Discovered DNA Structure

Rosalind Franklin Discovered DNA Structure Rosalind Franklin is known for her role (largely unacknowledged during her lifetime) in discovering the helical structure of DNA, a discovery credited to Watson, Crick, and Wilkins- received a Nobel Prize for physiology and medicine in 1962.  Franklin might have been included in that prize, had she lived.  She was born on July 25, 1920, and died on April 16, 1958.  she was a biophysicist, physical chemist, and molecular biologist. Early Life Rosalind Franklin was born in London. Her family was well-off; her father worked as a banker with socialist leanings and taught at the Working Mens College. Her family was active in the public sphere. A paternal great-uncle was the first practicing Jew to serve in the British Cabinet. An aunt was involved with the womens suffrage movement and trade union organizing. Her parents were involved in resettling Jews from Europe. Studies Rosalind Franklin developed her interest in science at school, and by age 15 she decided to become a chemist. She had to overcome the opposition of her father, who did not want her to attend college or become a scientist; he preferred that she go into social work. She earned her Ph.D. in chemistry in 1945 at Cambridge. After graduating, Rosalind Franklin stayed and worked for a while at Cambridge and then took a job in the coal industry, applying her knowledge and skill to the structure of coal. She went from that position to Paris, where she worked with Jacques Mering and developed techniques in x-ray crystallography, a leading-edge technique to explore the structure of the atoms in molecules. Studying DNA Rosalind Franklin joined the scientists at the Medical Research Unit, Kings College when John Randall recruited her to work on the structure of DNA. DNA (deoxyribonucleic acid) was originally discovered in 1898 by Johann Miescher, and it was known that it was a key to genetics. But it was not until the middle of the 20th century when scientific methods had developed to where the actual structure of the molecule could be discovered, and Rosalind Franklins work was key to that methodology. Rosalind Franklin worked on the DNA molecule from 1951 until 1953. Using x-ray crystallography, she took photographs of the B version of the molecule. A co-worker with whom Franklin did not have a good working relationship, Maurice H.F. Wilkins, showed Franklins photographs of DNA to James Watson- without Franklins permission. Watson and his research partner Francis Crick were working independently on the structure of DNA, and Watson realized that these photographs were the scientific evidence they needed to prove that the DNA molecule was a double-stranded helix. While Watson, in his account of the discovery of the structure of DNA, largely dismissed Franklins role in the discovery, Crick later admitted that Franklin had been only two steps away from the solution herself. Randall had decided that the lab would not work with DNA, and so by the time her paper was published, she had moved on to Birkbeck College and the study of the structure of the tobacco mosaic virus, and she showed the helix structure of the virus RNA. She worked at Birkbeck for John Desmond Bernal and with Aaron Klug, whose 1982 Nobel Prize was based in part on his work with Franklin. Cancer In 1956, Franklin discovered she had tumors in her abdomen. She continued to work while undergoing treatment for cancer. She was hospitalized at the end of 1957, returned to work in early 1958, but soon became unable to work. She died in April. Rosalind Franklin did not marry or have children; she conceived of her choice to go into science as giving up marriage and children. Legacy Watson, Crick, and Wilkins were awarded the Nobel Prize in physiology and medicine in 1962, four years after Franklin died. The Nobel Prize rules limit the number of people for an award to three and also limit the award to those who are still alive, so Franklin was not eligible for the Nobel. Nevertheless, many have thought that she deserved explicit mention in the award and that her key role in confirming the structure of DNA was overlooked because of her early death and the attitudes of the scientists of the time toward women scientists. Watsons book recounting his role in the discovery of DNA displays his dismissive attitude toward Rosy. Cricks description of Franklins role was less negative than Watsons, and Wilkins mentioned Franklin when he accepted the Nobel. Anne Sayre wrote a biography of Rosalind Franklin, responding to the lack of credit given to her and the descriptions of Franklin by Watson and others. The wife of another scientist at the laboratory and a friend of Franklin, Sayre describes the clash of personalities and the sexism that Franklin faced in her work. Aaron Klug used Franklins notebooks to show how close she had come to independently discovering the structure of DNA. In 2004, the Finch University of Health Sciences/The Chicago Medical School changed its name to the Rosalind Franklin University of Medicine and Science to honor Franklins role in science and medicine. Career Highlights Fellowship, Cambridge, 1941-42: gas-phase chromatography, working with Ronald Norrish (Norrish won a 1967 Nobel in chemistry)British Coal Utilisation Research Association, 1942-46: studied physical structure of coal and graphiteLaboratoire Central des Services Chimiques de lEtat, Paris, 1947-1950: worked with x-ray crystallography, working with Jacques MeringMedical Research Unit, Kings College, London; Turner-Newall fellowship, 1950-1953: worked on the structure of DNABirkbeck College, 1953-1958; studied tobacco mosaic virus and RNA Education St. Pauls Girls School, London: one of the few schools for girls that included scientific studyNewnham College, Cambridge, 1938-1941, graduated 1941 in chemistryCambridge, Ph.D. in chemistry, 1945 Family Father: Ellis FranklinMother: Muriel Waley FranklinRosalind Franklin was one of four children, the only daughter Religious Heritage: Jewish, later became an agnostic Also known as:  Rosalind Elsie Franklin, Rosalind E. Franklin Key Writings by or About Rosalind Franklin Rosalind Franklin and Raymond G. Gosling [research student working with Franklin]. Article in Nature published April 25, 1953, with Franklins photograph of the B form of DNA. In the same issue as Watson and Cricks article announcing the double-helix structure of DNA.J. D. Bernal. Dr. Rosalind E. Franklin. Nature 182, 1958.James D. Watson. The Double Helix. 1968.Aaron Klug, Rosalind Franklin and the discovery of the structure of DNA. Nature 219, 1968.Robert Olby. The Path to the Double Helix. 1974.Anne Sayre. Rosalind Franklin and DNA. 1975.Brenda Maddox. Rosalind Franklin: The Dark Lady of DNA. 2002.

A proposal to the dean to consider a new grading policy called (Grade Essay

A proposal to the dean to consider a new grading policy called (Grade Replacement) - Essay Example I know I am modest when I say that the trustworthiness of existing examination criteria has feasts tremendous criticism in assessing a student’s insight of course material. Consequently, I argue that the institution has to take into account certain flexibility methods for a student’s academic records that reflect his or her efforts. The existing examination criteria for CU demand that the teaching staff adds a course-retaking student’s grades in his or her aggregate quality-point mean calculations. On the contrary, I propose that with the Dean’s consent, students can be free to replace their courses’ marks with the higher of the two exams taken during retake. This proposal will also allow the students to exempt the low-grade from calculating his or her aggregate quality-point mean score. As a result, the student’s records will still show the student took both exams and delivered an honest academic record. The following paper further provides proof of ways this policy can benefit the institution, student, and ensure the student’s future career. Additionally, I will support my proposal would statistics and true comparisons with institutions that currently apply this particular policy in their ranking system. In 2009, author Gerald Watkins Bracey noted that examiners believe the existing system for evaluation in the education sector is flawed. Irrespective of this observation, representatives in control of this sector still consider student grades the single source of evaluating their academic abilities and commitment. This poor consideration turns the entire education system into an ethical matter that one can resolve or alleviate in some ways (Thomsen, 2015). It is worth noting that this proposal involves enabling limited forgiveness to students by offering them another opportunity when they make a twin effort in one class. My retake and

Introduction to Child Development Essay Example | Topics and Well Written Essays - 2250 words

Introduction to Child Development - Essay Example Piaget's idea was that adults did not simply know more than children, but that their knowledge was structured differently. Indeed, Piaget suggested that children at different stages of their development thought about and interpreted their worlds in different ways. Piaget developed the idea of children as ' "little scientists" who were engaged in active exploration, seeking understanding and knowledge' (Bee, 164). Piaget's theory of cognitive development was based on three main principles - those of assimilation, accommodation and equilibration. These will be explained below; however, first it is important to define the term 'schema'. Schema is a cognitive representation of activities or things. When a baby is born it will have an innate schema for sucking in order to ensure that it can feed and therefore grow. As the baby grows, this schema will become integrated with other feeding schemas as the baby's experience and nutrition changes. Assimilation is the process of putting a new experience into already existing mental structure. Children develop cognitive structures to help them make sense of their world and when they encounter a new experience they place this into the schemas they have already developed. The process of assimilation is an active one. Children are not merely absorbing knowledge via a process of osmosis, they are actively engaged in the assimilation process. They are active insofar as they are selective - they do not absorb all the information they encounter. Accommodation is the revising of an existing schema due to a new experience. For example, a child may have a schema that describes all flying objects as birds, but when he encounters a Frisbee this does not fit the schema. It isn't alive; therefore a new schema is necessary. As children develop they will encounter experiences which their existing schemas are incapable of explaining. Therefore they must develop new schemas in response to new experiences. Equilibration is the process of seeking to achieve cognitive stability through assimilation and accommodation. The child is constantly trying to interpret and understand the world while encountering new experiences. The child builds an understanding of the world and how it works, but this is constantly challenged by new experiences that conflict with their current understanding. They seek to develop schemas to help this interpretation process. The drive for equilibrium is that all these interpretations and schemas fit together and make a general picture of the world that is logical. However, equilibrium is a constantly changing thing, as each time a child encounters a new experience they are in a place of disequilibrium until assimilation or accommodation has taken place. If we return to the example of the Frisbee, when the child first encounters it they are in a state of confusion (i.e. not equilibrium) - 'It isn't alive, I can't explain it with my present schemas or ways of thinkin g'. Through accommodation and the development of new schemas the child returns to a state of equilibrium, until the next new experience. Piaget's Stage Model of Cognitive Development Piaget suggested that the child's cognitive development could be divided into stages. As the child develops and goes

Technology at Work Essay Example for Free

Technology at Work Essay The World Wide and Computers GSP and Smart cell phones New way Transportation Introduction Technology is has made the world we live in today. It helps us move faster with the car we drive, and keeps us safe with new air bags or better seat belt. Technology is simple as a computer helping us type a research paper, to doing the research at home with the help of Internet. We are always inventing something better to improve our life, the invention of the cell phone made commutation better and faster. With new ways of getting to work in new safer, bigger and fast subways or buses, making it easier to get to work. We seem to do our day and not think of how lucky we are to be in this time. Health care to farming use technology from ordering supplies to gathering the crops, everyone have benefit from all these advancement. Technology at work Technology has always been made to improve and longer our lives. Technology affects our lives in good ways and bad from telling us what time it is to waking us in morning for work with a forecast of the day’s weather. Yet sometimes it lets us down breaking down on us when we need it the most or overheating and been unreliable to us. Today’s technology seems to be improving our lives every day and in every way impossible, with faster safer cars to new apps in our phones to check our bank account or where our loves are. With every new week new technology comes out, for example better bigger faster cell phones that have TV on it. Each week companies are working with new better technology to stay in reach of each other; from manager to manger or to employee. They use these tools to produce or work faster and safer. In this ever changing world and economy technology advancements are always improving before our eyes every day. Within the past five years cell phones, computers, cars and the internet have taken a big leap moving faster, become larger and doing much more then places a call or taking us to our destination. Technology has improve our daily lives in many ways without us been noticing. Yet the work place has had one of the biggest impacts, yet employees don’t feel or notice the impact it has had on them. With new cell phones, computers, and faster internet information travels faster than lighting these days. Also with new advancement in transportation of martials, supplies, and people can be done more efficiently in short time while saving on gas cost. These new technology advancement companies can save time and money. All these new advancement helps companies send, share, and acquire information within seconds. People and companies commute with each other with emails, text or a video chat. Information can travel faster than anyone could of image; the world doesn’t feel as big as before. A larger of implication is in the way companies and people conduct business these days. Now people can commute fast or shop online without leave our sits or their office. The World Wide and Computers Information travels faster than the speed of light in today’s world. Information is been sent from person to person in a blink of eye from blackberries to Iphones to emails making the world smaller thanks to communication technology . During work I wonder how hard work would be without our technology. Every company in the world use computers and the internet to store and send information, no more use store units and sending letters thru the mails. Thanks to the Internet Companies can store important files; send emails, orders supplies and materials thru the web. For century companies have try to commute and pass news to shareholders to employees. With computers companies can type a letter without use paper or ink and with the internet they can send to everyone in the companies thru email. News and important information’s can be sent out quicker thru the company. Instead of mailing letters companies are sending out emails. Thanks to the internet commutations seems a lot easier than before with emails, people can receive emails on their smart phones now and they response right way. With the new technology such emails and cell phones communication is made easier for employers and employees. Technology helps company run their business faster, safer, more money efficiently and at a lower cost. Adding technology-based tools to a work place increases safety it will also help increase organizational efficiencies. Computers and internet ensure data accuracy, improve workflow management, and reduce the total cost of incidents or the loss of information. Companies have always invented things to improve their production with a lower cost. The Invention of the internet has made to improve our work lives and make work easier to. The internet lets companies share, gather information quicker and cheaper. One example of computers and internets at work would be my job, working at hotel computers has made storing and gathering information’s quicker. When a guest walks in the front desk only needs his last name and they can look him up. The computers let the people in the front how long the guest is stay to what kind of room he would like. In an article â€Å"How Have Computers Helped the Workplace? † By Ann Dietrich, eHow Contributor† he tells â€Å"Many businesses now keep their client records and buying histories in databases for quick retrieval and review†. From hotels to retail use this technology this data helps company improve their service to making product in which customer would like. The internet today seems to change the way commute with each other in the past decade or so. We went from writing letters to each other to calling each other thru the phone to text and email or social network. The internet has transformed the way we communicate, in part due to the advent of the computer. Instead of mailing letters, were writing e-mails through Gmail or Hotmail. In â€Å"Workplace e-mail and Internet use: employees and employers beware â€Å"by Charles J. Muhl† he writes â€Å"The widespread use of the Internet and e-mail has transformed the way business is conducted in the typical American workplace. Written communication to almost anyone in the world now can be completed nearly instantaneously; information about any subject encountered in a daily job task can be retrieved in seconds from the Internet through multiple search engines. These technological developments have benefited employers and employees alike—employers in accomplishing business goals and employees in performing their duties. While I worked at Lowes I was showed that with click of a bottom managers can check on their employees and see how the work is coming along thru a computer at work or at his house. The World Wide Web has made it easier for people and companies to reach each other gather store and share data from customer to employee making communication a lot faster. E-mails are great of commutation because easy and are free companies and people save money sending emails instead of letters. You don’t have to send out mail and buy stamps use paper and ink. Although is a bit less formal. With a good follow-up e-mail companies can provide awesome customer service as well. With the use of a computer and internet Company’s e can make orders online without going to the store. As companies look for ways to cut down on spending money, the internet has been their biggest money saver. Companies can send emails, track orders, stored information, and download information in second. Companies and customers have befitted from technology, mangers can send emails, process reports and stats of their process or check on their phone on an order of materials or supplies which they waiting for. If a manager needs supply for a project he or she can jump on a computer and check for the nearest store that carries the supply or the needed materials. If no store carries the items they can order online and have it ship to his or her door within days. Now with cellphones having internet companies and people can make orders in hands and check on the order from their hands. When companies make an order they now can go online and track the package to see when it will arrive. The advancement in internet technology has made it easier to send, gather, share and been access the information. With the computer came the internet and out of the internet came out the social networks; such as link in, Facebook, tweeter and MySpace. With the rise of social networks companies and people can be post on the internet information, stats and company process. With social networks companies can post news or a job positions they need. Social network has made it easier to look for good workers and find jobs. Thanks to the internet life and work has been made easier. Managers can check, do paper work or see on their work process, employees even when they are vacations, their job can be done faster, more time and money efficiently. Companies can be in contact with their employees at any time of the day. With email their customers and employees can receive news about upcoming events or how work process is coming along. SMART CELL PHONES/ GPS Since the first cell phones well more like a brick phone came out, cell phones now smart phone have evolve faster with each year. Today cell phones come with videos, cameras, gps and Internet its like a mini computer. Cell phone are now smart phones since they can go online, use power points or excel and if in need of direction just push the GSP app. Yet many companies have no cell phones in the work place police, but all employees carry their phones in their pocket. Yet mangers and top CEO’s have benefit more on cell phones, with a click of bottoms a call can be made from any place in the world where there is single of course. Smart Phones have had a great impact on Project Management, besides the basic phone call and texting. The benefits are great; you can read and sent e-mails. Like that you can keep your customers updated and your working team. They have organizers and reminders. They help you keep organized with its built-in PDA. You can accomplish a lot and be on track. It gives you access to the internet so you can never be behind with information but will keep you ahead of everybody else. A lot of smart phones provide you with maps, in case you are lost somewhere. As well as traffic information, that can help you a lot with customers and important business meetings in case you are running late or you have a choice of taking a different route. It helps you keep your workers on track. Photo and video cameras are excellent for inspections and damaged material or machinery. A smart phone has a head a great impact on Project Management. GPS (Global Positioning System) The impact of GPS (Global Positioning System) Tracking on Project Management is crucial. The ability to track employees with GPS can save companies thousands of dollars each year. Increasing a mobile worker’s productivity can have a huge positive impact on a company’s bottom line. GPS started as a simple way to locate employees quickly. Now many new applications have been added to further increase employee productivity and reduce expenses for companies. GPS offers many ways to help companies: Efficiently manage your fleet. Stay in close contact with drivers and intelligently dispatch them based on their exact location, reducing delivery times and allowing drivers to complete more deliveries in less time. Improve visibility. Know where your mobile workers and customer shipments are with near real-time updates on a Web-based map. Control costs. Track drivers miles to ensure they are paid accurately. Save money on fuel and maintenance by minimizing out-of-route miles, and know where your fleet is and what they are doing. * Track drive times. Ensure compliance with Hours of Service (HOS) regulations by tracking drivers duty status with wireless timesheets. * Reduce mileage. Get dynamic, turn-by-turn voice and onscreen directions and as while as optimize routing based on load. * Improve customer service. Accurately pinpoint fleet location and estimate arrival times. And with the efficiencies gained, you can provide customers with faster service. Also it is possible to provide call ahead service as the employee gets closer to the deliver or service job. * Control costs. Ensure workers are paid accurately and save money on fuel by reducing mileage. How does GSP work? Many of today’s cell phones/PDA has GPS built into the units. These units pick up signals for GPS satellites and can accurately pin point the device location within a few feet. Combined with this mapping software and the device now become a full mapping and routing device. This alone can save mobile works precise time by not getting lost and getting to job sites or customer appointments quicker. This data can also be easily uploaded to a database so that employers can instantly locate their employees at all times. GPS is important for: Safety – locate an employee who has been in an accident, hurt, ill, need immediate medical attention or is in some type danger. * Better customer service so you can tell a customer how close your employee is to their location. * Ability to better route employees to the next job. * Record number of miles employees has driven. * Know when a vehicle is due from service call. * Employees being more efficient with their time . GPS is also used for more accurately reporting employee time: start/stop times, lunch and breaks can all be tracked automatically with just a few pushes of the buttons on the phones. Reports tell you not only what time the employee â€Å"logged† in to work, but where they were when they started working. * Sign in and out of work job at actual job site, reducing travel time from headquarter location * Timesheet applications * More efficient way to get employees started on their day Many companies have discovered that using GPS to track their company vehicles and employees is a useful tool for saving time and money. Here are 10 companies that use GPS’s to track their employees. 1. Trucking  Ã¢â‚¬â€œ Large trucking companies have tracking devices installed on all their vehicles to monitor them at all times. This helps ensure that deliveries are made on time and that their drivers are using the most efficient routes. They can also determine if their drivers are staying within the speed limits. 2. Law enforcement  Ã¢â‚¬â€œ It’s critical for law enforcement to know where their vehicles and personnel are at all times. When a crime is called in, they know instantly who is in closest proximity so they can be dispatched more quickly. GPS tracking is often used to file reports and conduct investigations. 3. Construction  Ã¢â‚¬â€œ Many construction companies have numerous company vehicles used by their employees. They need to know that their vehicles are used for company business and not for personal uses. They also want to make sure their employees are where they’re supposed to be when they’re on the job. 4. Taxi service  Ã¢â‚¬â€œ Dispatchers for taxi companies use GPS to know where their vehicles are so they can get the most efficient use of them. The time and miles between fares is greatly reduced and also keeps their drivers honest. 5. Utilities  Ã¢â‚¬â€œ Companies that have field service workers like telecommunications and power companies also use GPS tracking on their vehicles. This makes it easier to keep track of their workers, especially those who have large service areas. 6. Fleet owners  Ã¢â‚¬â€œ Any company that has a large fleet of vehicles, such as plumbers and electricians, need to track them on a regular basis. They have a lot of money invested in their fleet and want to make sure employees aren’t misusing their equipment. 7. Sales  Ã¢â‚¬â€œ Businesses with field sales professionals use GPS to get driving directions and implement last minute itinerary changes. This saves time and increases productivity of their sales staff. . Delivery service  Ã¢â‚¬â€œ Any business that delivers anything from flowers to packages needs to use GPS tracking to improve efficiency. Drivers no longer need to rely on incorrect or vague directions to make deliveries and owners know where their employees and vehicles are at all times. 9. Transit  Ã¢â‚¬â€œ Whether its airplanes, buses or trains, transit companies rely on GPS to make sure they are on schedule. They also have automated systems that announce upcoming stops and inform passengers of the vehicles route number and destination. 10. Limousines  Ã¢â‚¬â€œ Even the hospitality industry has found the value of using GPS for tracking their limousine services. This improves customer service and ensures navigable routes for their oversized vehicles. Employees of these companies have expressed privacy concerns about these tracking devices, but most are unwarranted. Businesses have every right to protect their assets and prohibit employee fraud and abuse. The cost of the GPS tracking system is far outweighed by savings to the company. Employees must be informed of the tracking policies up front and know they will be held accountable for any misconduct. GPS tracking gives employers a useful and cost effective tool to manage their fleets and workers efficiently and effectively. Interview In my sit-down with General Manger Phil of the Embassy Suites I learn the back side of the hotel. I ask one question to Mr. Phi Conclusion Finally all of these tools in technology have been a great impact for project managers as well as in every business need. Managers have learned to rely on these components. This has made their professional and personal life so well organized and planned-out. With this say and done their accomplishments will be successful! No other place but the work force has technology furnish. Work place use technology so well and so much employees and employers don’t notice. In the last tens technology has change and evolve we conduct business, from the way we commutate with each other ordering supplies, sending messages and transportations. Annotated Bibliography †¢Website McGrath, Jane. HowStuffWorks How Has Technology Changed the Way We Conduct Business? HowStuffWorks Communication Web. 01 Nov. 2011. ;lt;http://communication. howstuffworks. com/technology-changed-business. htm;gt;. Technology affects every aspect of our everyday lives. We are able to order supplies, send mail, and make a call in a matter of minutes just looking around we can see how connected we are with each other. Thanks to the Internet, anything can be delivered to house door in days. With advances in communication and information technology has changed the business and the way we commute with each other. Cnn, Jason White. Wireless Technology Changing Work and Play CNN. Featured Articles from CNN. 18 Oct. 2005. Web. 08 Nov. 2011. ;lt;http://articles. cnn. com/2005-10-17/tech/wireless. verview_1_wireless-devices-wireless-connectivity-cell-phone? With new cell phone and email technology people can be reach and contacted at any given time. Teachers can be reach by emails text or cells by students. Bradley, Charlie. HowStuffWorks How Has Technology Changed the Way We Conduct Business? HowStuffWorks Communication 13 Feb. 2007. Web. 01 Nov. 2011. ;lt;http://communication. howstuffworks. com/tec hnology-changed-business. htm;gt;. Technology advancement is happening on a daily basis, we are finding that these changes are impacting on almost everything we do in today world. Technology has also had a Huge impact on the way we work for our money in today’s workforce. Technological improvements in computers, such as using the Internet to make money, commutation, send letters has helped to change the work force. †¢Books Barnes, Juanita M. Patent Technology: Transfer and Industrial Competition. New York: Nova Science, 2007. Print. With the new technology advancement companies make new and money save choices. The US Technologies advancement is crucial and important to the economy and its growth. Showing how close they are to each other.

Representations of Nature in King Lear Essay -- Representations of Nat

We are lucky, today, that the majority of the world’s nations are democracies. This has only been the case in very recent times. For the greater part of human history, society has subscribed to the belief that birth is the most important determinant of one’s future. In Elizabethan England, this was especially true. Those born into the nobility enjoyed a lifetime of privilege, while those born outside of their ranks mainly existed to serve them. A century later, the British encountered an even stricter form of this belief when they conquered India. The Hindu caste system, which dictated one’s future based on birth just as British society did, was deemed even by the English to be excessively restrictive. After gaining control of the Subcontinent, the conquerors attempted to supplant the caste system with the semblance of a meritocracy. The new subjects of the Empire, instead of embracing this imposition of a foreign culture’s values, responded with general u nrest and discontent, showing that no society, no matter how unfair or prejudiced, tolerates interference well. Shakespeare’s King Lear demonstrates the same concept: that any violation of society’s conception of the natural order brings chaos, and that the only way to restore harmony is to conform to the expectations of that society. It is important to distinguish the concept of nature present in King Lear from the imagery it invokes in modern culture of picturesque forests teeming with every sort of adorable squirrel and chipmunk imaginable. As Sarah Doncaster puts it in her essay â€Å"Representations of Nature in Shakespeare’s King Lear,† nature in Shakespeare’s hands, â€Å"is a social construct, which is utilized in order to legitimise the existing social order.† The notion that a... ...e mock trial for his unfaithful daughters. He only regains a modicum of sanity when he is rescued by Cordelia, who treats him as he deserves, giving him fresh garments and restorative medicine. When Lear wakes in her presence, he is not entirely lucid, not knowing his whereabouts and surroundings, but the doctor declares that â€Å"The great rage you see is killed in him† (IV. vii. 90-91). Once Lear is restored to his former majesty, his madness is quelled. The imbalance of nature is rectified, and consequently, the mind of nature’s king is healed. Works Cited Doncaster, Sarah. Representations of Nature in King Lear. Shakespeare Online. 20 Aug. 2000. 6 Jan. 2014. . Shakespeare, William. The Tragedy of King Lear. Ed. Louis B. Wright and Virginia L. Freund. New York: Washington Square, 1957. Print.

Marketing Nestle

Nestlà © Purina Pet Care Company (NPPC) has been in existence for 115 years. Nestle’ is a pioneer in pet food and the North American market leader and has consistently demonstrated solid financial results. In 2010 Nestle’ Purina Pet Care Co. or (NPPC) were the proud recipients of the Malcolm Bridge Award.Companies who are honored with this award are achievers of pure performance excellence. The president of the United States presents the Malcolm Bridge award to companies who have demonstrated quality management and therefore they are recognized in an effort raise the awareness of excellence within our business world (ASQ.org, 2013).What marketing elements did NPPC utilize as possible contributors to receiving such an honor? The product mix of this company is diverse and includes a product line consisting of items for both cats and dogs. The width of the product mix includes; dry dog food, wet dog food, dog treats, dog litter, dog training pads, dry cat food, wet cat fo od, cat treats and kitty litter (purina.com, 2013).The second part to the product mix is the depth. According to Lamb, Hair and McDaniel, â€Å"the product line depth is the number of product items in a product line† (2012, pg. 159). NPPC offers eleven products in the cat product line and thirteen products in the dog line. Together these make a good product mix.NCCP also has some major elements in their brand name, some of which are very familiar for those who have pets. The brand names include those such as Purina Alpo, Purina One, Purina Dog Chow, Friskies, Tidy Cats and Fancy Feast to name a few. The major elements of this brand would be the push for healthy pet food which in turn makes a healthy pet, all the while offering nutrition and making both the owner and the pet happy.In order to create a happy customer there are service characteristics that must be met. NPPC offers several. To mention a few let’s begin with the some of the most important service characteri stics. One critical intangible service would include NPPC’s quality. They provide large volumes of their products with a proven track record of consistently high quality and very limited defects or issues. NCCP also creates customer loyalty, healthier pets and longevity by providing a quality product (baldridge.nist.gov, 2010).Along with quality NCCP offers excellent customer service and provides dedicated service teams to insure this service is maintained. Ethics would be another intangible service possessed and research is done to ensure cat and dogs are always treated humane. NCCP participates in a formal ethics program and stays involved in the community. They are also listed as a best place to work (baldridge.nist.gov, 2010).Finally, the dedication to service quality is proven by five different components. The first of which is reliability. NPPC is labeled a most trusted pet care company and strive to earn to more every day by being reliable (baldridge.nist.gov, 2010). R esponsiveness and providing prompt service is measured continually and new innovation and new product development has helped continuous improvement in this area (baldridge.nist.gov, 2010).Assurance has been achieved by proving that NPPC cares about the costumers and their pets. The ethical research done to ensure the nutritional values of each and every product speaks volumes (baldridge.nist.gov, 2010).Empathy is very high on the list of ser quality objectives. This is proven by the massive research, surveys and studies done to make sure each customer has a voice and each pet gets the personal attention they need to have a long and prosperous life. The knowledge of the customers, pets and retailers is unparalleled (baldridge.nist.gov, 2010).Last but not least are the tangibles. The manufacturing and distribution of NPPC products are an example of a tangible service that is performed with excellence and technology of equipment and supplies are updated consistently and held at very hi gh standards. The customer service reps are also held to  standards and treat each retailer, customer and pet with the very highest regards at all times. It is very apparent looking at the track record of NPPC, why they received the Malcolm Baldrige Award. Every element of the company is held to the highest standards possible and the care and attention provided to their customers is phenomenal. Many companies could learn some valuable lessons by looking at the achievers of this highly honored award.

How I Stumbled Across Universal Literacy

I acquired, through being part of many discourses that, eventually, everything connects. I had always heard the same thing, â€Å"Graduate from a good college and find a cent living, and you'll be happy and successful. † Ha! What a capitalistic, factory- produced, fairy tale to tell impressionable children, I thought. Nope, I was smarter than that. I would be the one to take the road less traveled†to go against the grain and live my own life the way I wanted to. After barely graduating high school with a GEED (or a GEED equivalent actually†¦ ), I took off to LA to become a music-producer.I was going to be big. I learned the trade, worked inside multi- million dollar studios, and formed a band. I had It all figured out and I was going to how everybody that school was for fools. As with everything In life. This Intoxicating success did not last. I began to feel something was missing. Here I was, living the dream that I had imagined for myself, and yet, I didn't feel m uch fulfillment. Bills were stacking, the girlfriend was becoming distant, and the excitement of living on my own slowly began to degrade with each passing day.Soon, I could no longer make enough to afford living on my own. And so, I packed up and return home to the Bay Area. Life had defeated me, or so It felt, and I had to reevaluate what I wanted to do with mine. That's when the unexpected happened: I started going back to school again. I began taking courses seriously and I learned that, not only was I pretty good at most of the stuff, I really liked it. I found that an obscure subject like calculus, could be applied to something even more obscure like computer programming. I learned lessons in swimming that helped me learn how to socialize.Hell, if I took an extensive course on rock-paper-scissors, I could find a hidden lesson that could ring true In another study. I guess you could say I slowly realized how to learn, rather than what to learn. After all, James Paul Gee writes in his paper, Ð’Â «owing† is a matter of â€Å"knowing how to proceed† (â€Å"go on†) in specific social interactions† (Discourse and Coloratura Studies in Reading, 196). Once I realized that I had a plethora of knowledge and life-experiences up my sleeve already, navigating through new areas in life began to be much more comfortable and rewarding.An unexpected part of life had showed up In my life as well: religion. If you had the reasons wrong with the Bible and how there couldn't possibly be a God. Openness eased my stubbornness. I wanted to â€Å"hear out† what all these people in Christianity had to say. As I attended sermons, I checked all Judgments at the door and listened. I remember the words of a wise teacher I had in high school. He told us to empty our cups†to be ready to fill it with more knowledge. I found that what they preached in church was certainly applicable to somebody not religious at all.Instead of seeing the religion as a brain-washing cult, I began to understand it as a form of volunteer-work. These people were here for help, or to help. How could I speak negatively anymore about something that humans should be doing for each other? I kicked up a sense of humbleness from immersing myself in religious-discourse. It was not only Christianity that I researched. I started pouring my curiosities into Buddhism, Shamanism, and Islam. In all these religions, they teach a similar purpose: healing. Heal yourself, heal others, and heal the Universe.Within you, without you. We are all one, yet amazingly unique. All these â€Å"Faceable†-queues pseudo babble started to make sense to me! Trying new ideas had given me a fulfillment that I Just could not describe. I felt like a scientist, and that my field of study had now been shifted to understanding life. The doors that academic and religious discourse opened for me was like staring into a hallway that had even more interesting and unique doors to b e opened. That would never have been available to me had I not looked in their direction and remained open.James Paul Gee puts it very elegantly, â€Å"Analogously, one can deepen the insight by taking successively deeper views of what interpretation means† (Literacy, Discourse, and Linguistics, 540). At times, I can still feel dejected, depressed, or Just plain lazy; after having been through these types of situations before, some many times worse, I learned that eventually, everything will urn out okay again†it has to. Physics proves this, religion speaks of this, and there are sayings I'm sure you've heard before like, â€Å"the dawn is darkest before the day. Recognizing this helps me deal with the inevitable problems that we all share, and how to stress out in a healthy way. A big part of life for me is music. I would not have traveled to LA with such reckless abandon, were it not for the passion and fuel that music provides me. I identified heavily with the punk- (counter)culture during my teenage years. I still do, but again, with a fresh perspective on the community. Punks look intimidating to a lot of people. They have messy hair, spikes in every direction on their clothing, and a penchant for destroying things.The irony is, these very people are often the ones who are insecure, bold, and most understanding. Of course, there are exceptions to the rule, and some punks are Just dicks, but being surrounded by a culture of misfits where the majority of members inside felt they were not right for the â€Å"mainstream discourse†, led me to take a look at the way things were established. I saw a lot of paranoia in the community, and I had to face my own. Let me explain. Paranoia, on one end of the spectrum, can lead people to believe things like, in 1969, America staged the whole moon landing.Or that the Pope is really a lizard. But on the other end of the spectrum, complete naivetà ©Ã‚ © can lead people to believe that banks have your b est interest in mind, or that marijuana causes death. Somewhere in between them is an inner-balance much like the yin and yang in Buddhism. I learned that I revealed when the people spreading an idea can learn to communicate well enough without offending another's ideas. We must listen to others as well, and learn to be dead to change our own ideas. How can we do this? How can I be sure that the color red looks the same to me, as it does to you?And more importantly, how can we find a .. That reading and writing cannot be separated from consensus? Gee argues, † speaking, listening, and interacting† (Reading as Situated Language: A Cognitively Perspective, 714). He makes a rather elegant point here in that it is not a matter of â€Å"street smarts† vs†¦ â€Å"Book smarts†, rather, it is a marriage of the two that is necessary for communication. â€Å"Eventually, everything connects† was said by Charles Names, a designer. An app on the phone called , â€Å"Dots, A Game About Connecting†, displays his quote prominently.Each time I play this game, I think about the many ways to accomplish one simple goal: connect the dots. There are ups and downs, lefts and rights. But there are also boxes and zigzags. The more unique ways you find to connect the dots, the easier and more fun the game becomes. Learning many tools from hands-on life- experiences greatly increases the fulfillment I feel for them. They boost my confidence, encourage me to eat healthier, to do well in school, and to live happier with family. You can say Vie stopped rebelling like I used to, and to that, I would have to agree.But I'm also rebelling against ignorance. I'm rebelling against preconceived molds society can place on us, and I'm rebelling against egoism. It's a never-ending pursuit, but it's much more preferable to never pursuing. James Paul Gee says, † . .The master discourse is not Just the sum of its parts, it is something also over and abo ve them† (Literacy, Discourse, and Linguistics, 537). Perhaps once we've connected all the dots, we are still not done. We may never be done, and to me, that is an exciting thought.

Marketing Theories Naive As Result of Bad Data †Marketing Essay

Marketing Theories Naive As Result of Bad Data – Marketing Essay Free Online Research Papers Marketing Theories Naive As Result of Bad Data Marketing Essay Most marketing and advertising theories are quite naive but marketers are not surprised because of the incomplete data we have on people and environment. The rules of advertising and marketing often overlook time dimension and consider position and image of the brand as fixed and unchangeable. But reality is different – only name and logo of the brand are static, everything else, for example consumers and their loyalty to the brand, is exceedingly dynamic. That is why marketers continually adjust their market communication. Today we are aware that the life time cycle of the brand is longer than the life time cycle of the product itself and majority of them extend to 19th or the beginning of 20th century which is evidently a consequence of good managing which is possible only if have the knowledge of consumers experiences with the brand. But most advertisers consider this only in the first phase of the product (when the product is introduced to the market) when they want to achieve recognition of the brand and later on emotions that consumer feels using the brand. But after this first phase the development of the product stops and no one considers to make changes when necessary and this kind of treatment leads the brand to its death and a lot of lost opportunities. In last few decades slovene advertising agencies used to suggest companies they should constantly launch new products on the market which needed a new name, logo, packaging, advertising strategy and so on so the agencies could earn some extra money. Todays brands policy is different – a company can expand the brand from one product to many of them and thus easier retains recognition, of course with advertising, innovation, new products etc. Because of this new policy slovene companies (with lots of different brands with no clear identity) now have to struggle with foreign brands that rapidly took big market shares. The second problem for these brands are private labels that have even bigger market share because consumers notice no difference in quality compared to manufacturers brand, exept in price, and the third problem is globalisation. So all these traps demand rapid changes – only those brands that will adjust in time and will offer recognizable identity and values will survive. One of possible solutions is uniting smaller brands into controllable number of strong brands which enables exploitation of the input and control of the brand. To make this possible, we have to remember that its not only the image of the brand that is important, but we must also refresh the brand, its quality, styling etc. A good strategy is a complicated structure but the real joy comes when we finally reach our goal. Research Papers on Marketing Theories Naive As Result of Bad Data - Marketing EssayMarketing of Lifeboy Soap A Unilever ProductAnalysis of Ebay Expanding into AsiaDefinition of Export QuotasBionic Assembly System: A New Concept of SelfAnalysis Of A Cosmetics AdvertisementOpen Architechture a white paperRiordan Manufacturing Production PlanPETSTEL analysis of IndiaResearch Process Part OneThe Project Managment Office System

SAT International Test Dates Guide (2019 and 2020)

SAT International Test Dates Guide (2019 and 2020) SAT / ACT Prep Online Guides and Tips Here we look at international SAT test dates for the the 2019–2020 year. The test months haven't changed since last year, but the dates have! We've recorded what we've learned in this article. Upcoming SAT Test Days in 2019 and 2020 We've scoured the College Board website to get the most up to date predictions for international test dates. In addition, the regular deadline for the domestic SAT is the same as the only and final deadline for the international test: there is no late registration if you are taking the SAT outside of the US. Test Date Registration Deadline Deadline for Changes Early Reg via Rep August 24, 2019 (USA only) NA NA NA October 5, 2019 September 6, 2019 September 24, 2019 August 21, 2019 November 2, 2019* October 3, 2019 October 22, 2019 September 18, 2019 December 7, 2019 November 8, 2019 November 26, 2019 October 23, 2019 March 14, 2020** February 14, 2020 March 3, 2020 January 29, 2020 May 2, 2020 April 3, 2020 April 21, 2020 March 18, 2020 June 6, 2020* May 8, 2020 May 27, 2020 April 22, 2020 August 29, 2020 (USA only) NA NA NA The College Board* = SAT Subject Tests only; no regular SATs offered this date internationally** = SAT only; no SAT Subject Tests offered this date internationallyUSA only = not international (greyed out) Guide to Choosing the Best Dates for You So when should you take the SAT? We've developed a thorough guide to considering the best dates for you that details the four test date factors you should consider. You should also plan ahead and think about whether you want to take the SAT more than once. Note that the main difference between International and Domestic testing is that there are fewer international test dates and no late registration for international students. The major implication of this is that you can't always wait for the last test's score to come out before you sign up for the next possible SAT test date. For example, a domestic student can wait until her March test comes back, and if she did badly, she can register late for the May SAT. Depending on if March scores come out in time, international students might not be able to do this. However, this is not a big loss: few students would want to take two tests in a row because there really isn't time to improve or study in such a short amount of time. Second, if money is not an issue, international students can simply preemptively register for two dates in a row, and then cancel the second test date if they do well on the first test. The cost of cancellation is only the monetary cost of the test. Otherwise, international testing and domestic testing have more similarities than differences! Warning: SAT Test Dates May ChangeSign up to Receive Free Updates // What's Next? The next step after you've figured out which test dates work for you is to register for the SAT (read our step-by-step instruction here). Also, if you want to score well, you should consider the different ways to prep for the SAT. We consider the pros and cons of different prep methods with our free ebook. Other Articles You May Be Interested In Find out which exact dates you want to choose with our full guide to choosing SAT test dates here. You can also take a look at our collection of future years SAT test dates for other years (see especially the disclaimer on projections). What's the best way to prep for the SAT as an international student? Learn more about the importance of the SAT/ACT and the resources you'll need with this complete guide.

Law Breaking Essay Example | Topics and Well Written Essays - 500 words

Law Breaking - Essay Example http://www.nytimes.com/2012/02/01/nyregion/members-of-violent-brooklyn-gang-face-murder-charges.html?_r=1&ref=crimeandcriminals The article has used the classical theory to explain the events and behaviors of this gang, which views that punishment and deterrence, should be the basis for crime control. In this article much has been said on deterrence whereby most of the gang members have already been arraigned in court charged, and others have already been put in custody for their actions. From the article thus; we can clearly see the reaction of the Federal District, as being driven by the classical theory and, therefore, taking the action of prosecuting and deterring the offenders, as a means of correcting their antisocial behavior. From what the article reports, it would be agreeable to say that not much information has been given on the crime activities of the "six folk nation" gang. It would, therefore, be stated that the crime has been implicitly theorized. In this case thus; the article gives just enough information to pass the message, about the illegal actions of the gang. However, though, there is a description of the activities that took place in April and September 2008, there is no clarity on the actual events of the two occasions to make the theorization explicit. It is thus implicitly theorized. From my view, crimes in society are partly caused by the social structure of the people. This is how people tend to group themselves depending on their social class, level of education and others. In the case of "six folk nation" gang, maybe a closer scrutiny of the composition would elicit ideas that the members of the gang belong together in the social structure and thus support each other’s action regardless. According to lecture 1 on law breaking, the system of organization among the members of a particular social group is likely to cause crime. In

Human Cancers Essay Example | Topics and Well Written Essays - 1750 words

Human Cancers - Essay Example The paper describes different types of cancer by human beings. There is one experience which consists of reading about a disease, and another to see the cadavers on display with the vivid details of their disease made transparent to the world as in â€Å"BODIES†¦The Exhibition.† Even the most detailed photos in medical textbooks fail to carry the full impact of disease that the cadavers at â€Å"BODIES†¦The Exhibition† communicate to the crowd. As the majority of the viewers of this display appear to be students and not medical professionals, the information presented and graphic detail of disease offers a preventative message for lifestyle choices that can assist in the national development of anti-cancer initiatives. For this reason, The American Cancer Society, Breast Cancer and Lung Cancer awareness groups have all joined together with â€Å"BODIES†¦The Exhibition† to use the facilities of the displays in alignment with their anti-cancer messag es. Whereas lung cancer, liver cancer, and colon cancer are related in some ways to lifestyle choices, there is not always even in these instances a direct relationship between personal mistakes or individual faults and the onset of disease. Rather, deep genetic issues, environmental exposures, immunity, cell regeneration, and old age all combine in ways that continue to elude scientific research to find a cure in the causation of cancer. One effect of the â€Å"BODIES†¦The Exhibition† display should be to encourage participants or viewers to increase their resolve to find a cure for cancer.

Professional Growth Plan Assignment Example | Topics and Well Written Essays - 500 words

Professional Growth Plan - Assignment Example ental since the only way to understand cultural diversity is by learning the underlying differences, then embrace and integrate them into the already running system. Cultural proficiency is a developmental process that utilizes resources prior to the realization of an advanced outcome. Information is a vital resource in this process, and the advantage in this case is that vast information about cultural proficiency is readily available and accessible. From libraries to the internet, there are diverse and dynamic sources of information about cultural proficiency. Keeping at par with current information in personal development towards cultural proficiency is fundamental in learning and understanding cultural diversity in the world (Lindsey, Nuri-Robins, Terrell & Lindsey, 2011). On the same note, use of information as a resource will enhance cross-cultural analysis in an unbiased manner. Teacher-student interactions often require a culturally responsive learning environment. To create an environment that best accounts for this requirement, differentiated instruction becomes a fundamental strategy to use for the benefit of the students. Differentiated instruction will basically account for the diverse and differentiated students’ needs in the teaching and learning context. This will also enhance their academic understanding, over and above the realization that their various cultural differences are accounted for in the teaching and learning systems. Culturally responsive efforts are pursued at all levels, especially at individual and social levels. The primary interest is to enhance social coherence amid individual and social differences that are rooted in variant cultures. Colleagues or even the school at large can employ different efforts to enhance their cultural responsiveness. Personal change and transformation constitutes essential efforts that can be employed to improve and exacerbate cultural responsiveness (Lindsey, Nuri-Robins, Terrell & Lindsey, 2011).

Overview Of Strategic Sourcing Initiative Management Essay

Overview Of Strategic Sourcing Initiative Management Essay 1. Gillet and the 7 Step Methodology The Gillette Company launched a Strategic Sourcing Initiative to create savings to invest in company brands, fund research and development. They employed a formal 7-step strategic sourcing methodology to competive source and evaluate suppliers on cost, quality and services provided. Enabled by a strong commitment from Senior Management and cross-functional global teams, this strategy produced savings and improved the quality of the products and services procured.   Step 1 Develop the Category Profile. Teams are formed to develop a comprehensive understanding of their category profile. They must understand what we buy, who we buy it from, what are the product/service characteristics/specifications, what is the current cost, and who and how the spend is managed internally. They must understand market trends and economics that impact these purchases as well as our current negotiation leverage with suppliers. This comprehensive understanding of the Category also enables to break down spend into subcategories, components, services, transportation costs, administrative costs or other divisions to be either be consolidated with one supplier or divided among several suppliers. Indeed, this sourcing step facilitates procurement managers in setting supplier diversity targets and strategies. Step 2 Generate the Supplier Portfolio. Teams must include minority suppliers as well as non-traditional suppliers. They must look at companies that provide total outsourcing capabilities and suppliers who are best in class in specialized spend categories. Then through a rigorous process of researching suppliers, evaluating and prioritizing capabilities, the list of suppliers is converted to a manageable list. This step reduces the workload of reviewing RFPs and negotiating with suppliers later in the strategic sourcing process. Step 3 Develop sourcing strategies. The sourcing team develops a supplier survey for both incumbent and potential alternative suppliers. The survey helps evaluate the suppliers capabilities to serve as well as their costs to serve. At this time, the team will also verify spend information with the data that incumbent suppliers may have from their sales systems. Category should be assesed in a Category Position Matrix. This process aids teams in developing their sourcing strategies. Teams must evaluate the complexity of the market, the competitiveness, the ability to switch suppliers, and the number of suppliers in the market. They must also position their Category in terms of business impact, how much total spend and how does this category impact core business operations. In doing so, teams will find their category falls into one or two of the following boxes: Leverage Category, Strategic Category, Non-critical Category or Bottleneck Category. From this positioning matrix, teams can determine which of the sourcing strategies are most appropriate.   Typically, teams who find themselves in the Leverage or Non-critical Categories will use the left side of the Sourcing Gemstone: Volume Concentration, Best Price Evaluation or Global Sourcing. Teams who confront more complex markets, may want to consider Product Specification Improvements, Joint Process Improvements or Relationship Restructuring strategies. In a Volume Concentration strategy, teams will often look to reduce cost by consolidating volumes from different facilities, regions, or business units. This strategy encourages suppliers to lower their costs in anticipation of greater volumes.   Teams may also consider a Best Price Evaluation strategy, where they select various suppliers who have the best offering for each segment of the spend. Best Price Evaluation allows yousegment and optimize your spend. Step 4- Select implementation path. The combination of the first three steps provides important input to developing a sourcing strategy and applying it in this step. The sourcing team has two sets of constituencies: 1) the people who use the things that are bought, and 2) the executives who manage overall costs. The people who use the spend category accept cost reductions as long as they a) start in another department; b) dont change suppliers; and c) dont create any complaints from the supply base that might affect any part of the relationship. For users, all change is bad. For executives, cost and service competitiveness is a key objective, but they too are users of various corporate services, so they often have a split personality between executive pursuit of cost improvement and being users who resist change. In order to mobilize users and executives to support the category sourcing strategy, it is necessary to communicate benefits and overcome potential risks. Step 5- Negotiate and select suppliers.   Preparing a request for proposal and preparing and soliciting bids. This will define the basis for competition to the prequalified suppliers. It includes product or service specifications, delivery and service requirements, evaluation criteria, pricing structure and financial terms and conditions. Also a communication plan will be executed that will attract maximum supplier interest. The RFP is then sent out to all suppliers and they are given enough time to respond completely, with follow-up messages sent to encourage supplier response and field questions. The sourcing team applies its evaluation criteria to the supplier responses. If more information beyond the RFP response is needed, its requested. The negotiation process is conducted first with a larger set of suppliers then narrowed to a few finalists, if it is done manually. Step 6 Implement agreements. Finally, the winning suppliers are notified and invited to participate in implementing recommendations. Implementation plans vary depending on the degree of supplier switches. For new suppliers, a communication plan has to be developed that manages the transition from old to new supplier at every point in the companys process that is touched by the spend category. Step 7- Continuos improvement. It is particularly important to measure the new supplier closely in the first several weeks of performance. Being able to demonstrate performance equal to or better than the former incumbent one will be particularly important during that sensitive time. Gillette Companys Strategic Sourcing Initiative has not only produced significant cost savings, but has enabled and advanced Gillettes Supplier Diversity Initiative. 2. Nestlà © and its mix of purchasing strategies To leverage Nestlà ©s purchasing volume as a strength in a business environment where the impact and importance on many spend categories is increasing, it requires planning and strategy determination, It is necessary to understand that supply markets are not and will not always be in surplus or excess, so the assurance of long term competitive supply through purchasing planning and strategy implementation is key to the realisation of Nestlà ©s growth and profitability objectives. The evaluation of different purchasing strategies can only take place once a detailed spend analysis has been completed. Strategic options must take into account: business sector objectives; total cost of ownership; supply market and its evolution; appropriate purchasing approach (e-Auctions, tenders, negotiations); value creation opportunities; emphasis on price management through competitive bidding; key stakeholders involvement and their support. Rationalisation and Standardisation This strategy is based on working with suppliers to have fewer and standardised specifications. Specification rationalisation will not only allow higher volume price leverage but also expose efficiencies throughout the supply chain, resulting in lower costs. Subcontracting/Outsourcing A key strategy in sourcing products and services is Subcontracting/Outsourcing. The responsibility of subcontracting activities rests with Technical and Production. Normally a Strategic Buyer will lead this process and manage crossfunctional teams to monitor the commercial relationship as well as to ensure optimum terms and conditions for Nestlà ©. Subcontractors are required to adhere to Nestlà ©s Corporate Business Principles. Cross-Functional Teamwork Purchasing must continue to work within and expand the use of cross-functional teams. Depending on the scope of the project, such teams may also involve suppliers and third-party expertise. Nestlà © acknowledges and encourages the role suppliers can play in innovation, creativity and the identification of new business proposals, which will improve and add value and growth to both companies. Nestlà © also considers suppliers as an important information source and relies on their objectivity and expertise. As the relationship progresses, it may well evolve into that of a preferred supplier. Purchasing wil retain the overall responsibility for the relationship and interface with suppliers. Supplier Management To better manage the supplier base and reduce transactional costs, Nestlà © may request suppliers to: offer their products or services via e-Requisitioning (catalogues), accept payment by P-card, deliver materials through a vendor managed inventory (VMI) or consignment stock initiative and collaborate using e-Supply Chain tools. Approval/Accreditation The extent or degree of approval/accre ditation as a supplier to Nestlà © depends on the sophistication or sensitivity of the material, product or service, the suppliers reputation and record with Nestlà ©, as well as their ability to offer competitive terms and conditions. Quality Management To achieve Nestlà ©s objective of offering consumers high quality nutritional products, they expect suppliers to guarantee the quality of the goods they supply or the service they provide. Nestlà ©s goal is to be able to rely on our suppliers competence and ability to implement jointly their quality programmes. Suppliers must be fully aware of Nestlà ©s quality and safety standards, understand their quality policy; share their objectives and work together to achieve them. In particular they consider their suppliers responsibility to ensure the traceability of all materials used in their own production or process. Supplier Audit Suppliers of raw and packaging materials must be incorporated into a formal assessment covering audits and inspectionsof their quality records. Formal audits of the suppliers quality assurance system and technical capabilities must be carried out. Suppliers need to be open and responsive to Nestlà ©s requirements and provide all necessary information on the composition and manufacture of their products. E-Procurement Nestlà © encourages and promotes the use of electronic tools to optimise the value chain to lower costs, create efficiencies, drive product availability and enhance customer service.   Purchasing evaluates and promotes the use of e-Procurement tools both within the company and within the supplier base. Benchmarking With the trend towards closer relationship with suppliers, benchmarking becomes an essential tool for measuring performance and highlighting opportunities. The concept of benchmarking should be seen as a continuous process of evaluation to ensure that results are quantifiable and actionable; it must be supported by a direct management commitment and should be clearly defined in terms of what is to be compared. 3. Procter Gamble sourcing networks and expressive competition Procter Gamble put into practice an approach to build sourcing networks, called expressive competition. It is a vision that looks past lowest-price reverse auctions and combinatorial packagebidding toward a highly expressive business relationship with suppliers. It enables suppliers to make electronicoffers that express rich forms of capabilities and efficiencies. As the buyer, PG also uses an expressive languageto state constraints and preferences. The detailed expressions of supply and demand are brought together viaan advanced optimization engine to decide the optimal allocation of business to the suppliers. In the process, PGs suppliers benefited from the winwinapproach: expressive competition matched demand to the most efficient means of production- rather thansqueezing suppliers profit margins- and removed the exposure risks in making offers. Beyond direct monetarysavings, the benefits included the re-design of supply networks with quantitative understanding of the trade-offs. The relationships between companies that purchase materials, goods, and services and their suppliers can be viewed as a network, because many companies both purchase and supply. Traditionally, the buyer configures the network and then asks offers from suppliers. This approach produces suboptimal results because it ignores suppliers alternative capabilities. With the new process this will be reversed by first collecting offers and then using optimization to configure the optimal network based on those offers. CombineNets (software currently used) approach is particularly relevant in transportation sourcing. By considering the most efficient routings that carriers can offer, both individually and collectively, it develops more efficient networks than the current networks. Buyers can construct supply chains in light of supplier capabilities as expressed in their offers. Companies can now make decisions on large baskets of items to be procured, rather than in a number of submarkets, naturally improving the allocation decisions. PGs use of expressive competition enables it to manage and exploit complexity and rich data to obtain the best value. In short, PG is now faster, more rigorous, and better able to leverage its purchasing experts than it was. It obtains greater savings with every analysis than it could before it adopted this process. 4. HONDA Global and Local Sourcing Traditionally, the standard metrics used by Japanese automakers in choosing suppliers wee quality, cost, delivery and technology. In the case of Honda, three other factors drive their spurchasing strategy. They depend on suppliers for more than 80% of components in their cars. They procure components from an estimated 400 tier one suppliers in Japan. Globally, Hondas supplier total number is close to 1,000 including more than 600 in North America. The main reason for this large number of North American suppliers: the distance between Hondas main assembly plants in North America is sufficiently long to make logistics a critical cost issue for suppliers wishing to serve all six Honda plants from a single location. Three of four Honda vehicles sold today are global models. Where possible, they prefer to use global suppliers forthese global cars. Honda defines group suppliers as affiliated companies in which it holds a larger than 20% equity stake or which depend on them for 70% or more of their sales; or the other way around: which Honda turns to for more than 70% of purchases of a particular system or component. That is the case of Denso Corp., Toyotas leading group supplier, is also a Honda group supplier as it manufactures an estimated 95% share of their heater requirements in Japan and 60% of air-conditioners. There seems to be no set rule on whether Honda doubles or triples sources or what even constitutes double or triple sourcing. For most components, Honda relies on multiple suppliers. But on a model base, it tends to single source. Hondas core suppliers have largely followed the OEM into North America and Asia. Keihin, Hondas main group supplier of car electronics, has set up 16 plants outside Japan including four in the US, while Stanley Electric has lighting plants in London, OH, and Battle Creek, MI. In general, there is a feeling that Honda depends more on non-Japanese suppliers at its overseas plant. Meanwhile, they continue to make steady progress in expanding local content at plants outside Japan. 5. Hewlett-Packard Total Cost Management Strategies HP recognized that it could leverage advances in Total Cost Management strategies, processes and technology to improve its overall financial performance. Over a five-year period the company put together an impressive record of cost savings, transforming its Indirect Procurement function into a strategic asset for the company. The significant cost reduction results came from an evolution and maturation of HPs Total Cost Management also called Spend Management, strategies, processes, and technologies as the company itself evolved. Like many companies, HP started with the traditional spend consolidation and price negotiations strategies of the late 90s. With the Compaq merger, HP had both a challenge and opportunity to advance its Total Cost Management strategies. Going forward, the role of HPs Indirect Procurement has evolved to a broader perspective as a strategic asset in driving down the total cost of procurement to achieve world-class cost structures. HP knew that companies like itself were leveraging new spend management tools to drive procurement decisions and wanted to take advantage of the new selling channel to increase revenue. With a strategy of being an early supporter of the Ariba Supplier Network and working to make it easy for customers to integrate and do business with HP, it has been able to generate $1 billion in revenue, making it the largest IT supplier to Total Cost Management customers using the Ariba Supplier Network. They realized that increased growth would be very hard if the company did not restructure to take advantage of its economy of scale. They decided that indirect procurement was a good candidate for centralization, as the existing decentralized model with fragmented local organizations provided little leverage. Indirect Procurement was given responsibility for managing nonproduction spend categories: information technology, human resources, marketing, travel, real estate and workplace solutions, finance, and labor. Its scope was to manage the strategic, tactical, and operational aspects of procurement, including global and regional sourcing, local buying and order fulfillment, and deployment of e-procurement programs. They deployed a standardized purchasing platform, Ariba, to reduce cost of transactions and develop and implement new policies, practices, and standards. Later, they were able to identify the â€Å"low-hanging fruit† in a centralized model and redefined their procurement areas and strategies as shown in the figures below. New Structure 6. International Clothing Retailers main sourcing strategies Marks and Spencer (United Kingdom) Is one of the UKs leading retailers of clothing, foods, homeware and financial services, serving 10 million customers a week in over 350 UK stores. They rationalized its supplier base, with efforts for sourcing and the accelaration of the design to store lead time. MS now manages a complex international supply chain involving 650 factories worldwide. Their priority is to maintain the quality of fabrics and clothes wherever they are manufactured. To support this objective, MS has established quality audit teams in Morocco and Sri Lanka, and will introduce them over the coming year in China and Turkey and all their main centres of manufacturing. Hennes and Maurizt (Sweden) HM is an expansive Swedish company. Over the past three years, HM has increased the number of stores by nearly 40 per cent.   HM has 21 production offices: ten in Europe, ten in Asia and one in Africa. Around 700 people work at the production offices, by far the majority of whom are drawn from the local population. They are responsible for contracts with the approximatly 750 suppliers (primarily Bangladesh, China, Turkey) that manufacture HMs products. The production offices ensure that the buyer places his order with the right supplier, that the goods are produced at the right price and with good quality and controls that production takes place under good working conditions. Ensuring the safety and quality of the goods largely takes place at the production offices and is the result of extensive testing, including checking for shrinkage, twisting, colourfastness and dry rubbing. In HM lead times vary from two to three weeks up to six months, depending on the nature of the goods. In recent years HM has reduced the average lead time by 15-20 per cent through developments in the buying process. Inditex (Spain) The Inditex Group comprises mainly companies engaging in the manufacturing and marketing of textiles and footwear, managed on a centralised basis by applying policies and strategies at group level. A significant proportion of the production takes place in the factories belonging to Inditex, which fundamentally carry out the manufacture of the garments containing a greater element of fashion and through external suppliers. In the case of in-house production -between 40 and 50 percent of the total- Inditex directly carries out the supply of fabrics, the marking and cutting and the final finishing of the garments, subcontracting the garment-making stage to specialised companies located mainly in the north-west of the Iberian peninsula. As regards external suppliers, a high percentage of which are European, in many cases they are also supplied by Inditex with the fabric and other elements needed for the production of the garments. For Inditex, time is the main factor to be considered, a bove and beyond production costs. Mix of sourcing: external fabrics sourcing 60%; internal fabrics sourcing 40%; in-house manufacturing 50%; external manufacturing 50%. Gap (Usa) Gap is a leading international specialty retailer offering clothing, accessories and personal care products. It operates with more than 4,200 stores worldwide. Gap has world headquarters in the San Francisco Bay Area, product development offices in New York City and distribution operations and offices coordinating sourcing activities around the globe. Design and merchandising teams are working more closely from the beginning of the product development cycle, resulting in a more efficient process and, over time, faster speed to market. Gap will be building more strategic relationships with suppliers, including sharing more planning and forecasting information, to further leverage sourcing capabilities. Located around the globe, employees in Gaps sourcing and logistics group, along with buying agents, draw up production schedules and place orders with approved third-party factories in the more than 50 countries that produce goods. Third-party manufacturers ship merchandise to Gap distr ibution centers, which sort and redistribute it to the stores. Gap has a list of countries approved for product sourcing, located in five main areas: Africa/MiddleEast, Europe/Mediterranean, Southeast Asia, East Asia, Americas. CA (Holland) CA was founded in 1841. Over 100 Stylists work together with 360 buyers. The European headoffice is located in the north of Brussels. It has 1.200 suppliers, monitored by Socam. The name Socam reflects the concept â€Å"Service Organisation for Compliance Audit Management† and its purpose is to oversee and monitor responsible business standards in merchandise buying on behalf of the CA retail companies, which operate in Europe. An audit is performed in a total of 40 countries. Because the Far East is a significant supply market and because many of the key issues tend to be more prevalent in that part of the world, Socam also operates through a subsidiary company Socam Services Pte. Ltd located in Singapore. Socam has full and independent authority to monitor the standards which are defined by the CA Code of Conduct for the Supply Merchandise. To sum up, retailers prefer to choose the cheapest sources worldwide in order to maximize gross margin. Or, in order to decrease time to market, retailers may choose sourcing alternatives that may not bring the cost advantage of a cheaper supplier but do offer the advantage of diminishing logistics costs and lost sales. 7. IKEA selectivity strategy Under increasing pressures to reduce costs, companies have shifted, and continue to shift, sourcing from local suppliers to low cost country-based suppliers. Furthermore, the lower prices offered by low-cost country suppliers rarely translate into significantly lower total costs of ownership. Despite the popularity of global sourcing across both service and manufacturing industries, research into global sourcing is still playing catch-up and remains poorly conceptualized, for example in comparison with research on buyer-supplier relationships or industrial networks. The trend towards global sourcing is likely to fundamentally change the dynamics of buyer-supplier relationships and networks, but little research to date has examined the implications of this trend. Affordability through low cost is the core of the companys business idea. For IKEA, growth is a core and explicit objective.A key component in the low cost strategy at IKEA has been to own only a small proportion of the means of production. Therefore, the products that are sold in IKEA stores are sourced from a global network of suppliers. Well functioning and close relationships with suppliers is an important but sometimes seemingly ignored driver of the success of IKEA. In the mid- 1990s, IKEA had more than 2,000 suppliers, but in 2009 its supply base had been reduced to less than 1,400 despite increasing sales volumes. The background to the supply base reduction during recent years is the increasing need to secure and build capacity for continued growth. In 2008, IKEA sourced furniture from 54 different countriesm through 30 purchasing offices distributed over strategic locations all over the world. In 2009, IKEA had around 1400 suppliers. Almost two-thirds of its products (64%) were sourced from European countries; the largest single supply market was China with a 22% share of the supply, and the second largest supply market was Poland with a 16% share. Coordination and communication with suppliers was channelled through trading offices situated strategically around the world. Without close collaboration with suppliers, the balancing act between stock costs and avoiding the risk of stock-outs would not be possible. In addition, IKEA seems to conce ntrate on as few suppliers and as few supply markets as possible. This selectivity means that IKEA is effective in balancing its market choices; concentrating its sourcing activities in certain geographic areas by committing to and investing in some markets, whilst having to decide to forego opportunities in others For IKEA, cost reductions were the principal driver towards, initially, international purchasing and, later, global sourcing. The search for lower costs in new sourcing markets creates pressure on the supplier network of IKEA to source internationally or to develop global sourcing through world-wide coordination and integration of sourcing operations. A main reason for IKEA to preserve relationship with swedishs suppliers is to secure capacity if, or when, problems were met in the Chinese sourcing market. 8. Conclusions The Strategic Sourcing methodology is used to identify, evaluate, select and implement sourcing alternatives for specific sourcing groups.   It emphasizes the process for evaluating, selecting and aligning with suppliers to achieve improvements and support strategic objectives. It focuses on total costs and not just on the purchase price. This process enables the company to obtain a good understanding of its requirements, mapping the existing supply market and develop a plan for short andlong-term objectives. Sourcing strategies should be reviewed and updated periodically by supply managers. Suppliers should be invited to be part of the process depending on the class of category or market dynamics. Strategic sourcing results should be tracked in terms of performance metrics and cost savings. The process should be regularly reviewed to incorporate new sourcing tools and approaches, new supplier market opportunities and developments in benchmarking and best practices. Supply managers must collaborate internally with a multifunctional team on new supply opportunities. Collaboration demonstrates the value of supply management. Besides the traditional competitive approach to sourcing, there are more alternatives depending on the category or business trends. Some could be, collaborating with suppliers to reduce complexity and build productivity into their process, or create joint process improvements that reduce the cost of doing business, or set up a partnership where a company invests in supplier operations to guarantee access to supply, new technology or process improvements. Another option could be strategic alliances which decrease the total cost of ownership, increase quality, have a faster response and enable new product development with supplier involvement, among other benefits. Or even, e-procurement which can decrease the unit cost as well as the cost of transactions and processes. Overall, not only a right sourcing strategy or model of management is enough; it is also a matter of being aligned with the companys key obkectives and to have the right methodology, the right metrics and the right team of people.