Zappos Essays

Zappos Essays Zappos Paper Zappos Paper Zappos, an online retailer, is demonstrating that a new way to deal with business can likewise help develop income. Zappos income developed from $1. 6 million out of 2000 to $1. 64 billion of every 2010. In what capacity can an organization concentrated on bliss be fruitful? Zappos corporate culture and spotlight on consumer loyalty has made it both fruitful and a model for different organizations. Zappos center around partner satisfaction added to its prosperity. Tony Hseih in his book Delivering Happiness says, â€Å"It’s a brand about satisfaction, regardless of whether to clients or representatives or even vendors† (Delivering Happiness) In 2000, business visionary Tony Hsieh turned into the company’s CEO. Hsieh was 26 at that point and shockingly was not sold on the possibility of an Internet shoe store. He told Inc. magazine, â€Å"It seemed like the perfect example of terrible web ideas†¦ however I got sucked in. † (Delivering Happiness) After turning out to be CEO, Hsieh settled on a capricious choice to keep Zappos going, demonstrating his dedication by offering his own home to pay for another distribution center. While the organization was likewise battling from the start, his pay was set at $24. After the website crash in 2002, Zappos had the option to recuperate with deals of $32 million, however was as yet not beneficial. In 2003, the organization concluded that so as to offer the best client assistance, it needed to control the entire worth chain, from request satisfaction to conveyance. In 2004 Zappos made the transition to Vegas, with an end goal to utilize the bigger pool of experienced call place workers for its potential benefit. In 2007 the organization produced its first benefit subsequent to coming to $840 million in quite a while. Zappos additionally began to be perceived for its remarkable workplace and way to deal with client support. Today in view of internet based life everybody rapidly gets the opportunity to see the qualities and drivers behind an organization. Advertisers, supervisors, and all individuals in initiative positions need to change and adjust to this new world. At the point when an organization can convey clients a certain â€Å"WOW† factor administration, the organization has arrived at an achievement and has gone well beyond a customer’s desires. As a shopper of numerous products, it is more than reasonable for state that most would come back to business when past business has been incredible. Zappos is a very fruitful organization that has assembled its business on 10 guiding principle. The â€Å"10 commandments† impact everything from employing to justify raises and terminating. The organization recruits to these basic beliefs and half of each employee’s yearly survey depends on them. These qualities may appear to be straightforward, for example, â€Å"delivering wow service† however when executed in the correct manner manufacture a solid organization with an extraordinary notoriety. Zappos doesn't believe itself to be a normal organization, and accordingly endeavors to convey their clients administration that is definitely not normal. Related to these convictions, Zappo’s first guiding principle is to â€Å"deliver wow through service†. The exceptional assistance isn't simply given to the clients, however to their associates, sellers, and accomplices. This way of thinking is carefully founded on administration, and doesn't relate with anything through money related worth. The objective is to point straightforwardly on the receiver’s feelings and manufacture a solid relationship. Hsieh composes that â€Å" It’s imperative to act with honesty in your connections, to be empathetic, inviting, faithful, and to ensure that you make the best decision and treat your connections well (P. 176). In spite of the fact that Zappos may not offer their customer’s limited time codes, extraordinary help is continually being advanced with anybody in contact with the organization to guarantee a positive encounter. In this time of business, it is very critical that organizations are eager to adjust as the business world keeps on evolving. Zappo’s second basic belief acknowledges that there is change as well as is to â€Å"embrace and drive change† yet comprehends that â€Å"part of being in a developing organization is that change is constant†. In addition to the fact that Zappo welcomes the change, it accomplishes something progressively noteworthy; it drives it. The CEO of Zappo has expressed that â€Å"If changing our plan of action is what’s going to spare us, at that point we have to grasp and drive change† (P. 100). As the world and business will in general advance, presently more quickly then ever, the organization can remain ahead by driving the change and developing quicker then the opposition. Changing and administration are not by any means the only keys to progress as the third fundamental belief is to â€Å"create fun and a little weirdness†. This is another main impetus that Zappo has that separates itself from different organizations. The organization culture grasps fun and funniness. Zappos endeavors to have a novel and important character. There organization culture is the thing that makes it effective, and they accept that grasping their assorted variety and each person’s singularity will help with inventiveness. Through this culture a constructive outcome has been the help of individuals to â€Å"think outside the box†. At the point when you are joining irregularity and having a fabulous time at work, it is a success win for everybody. Representatives are progressively occupied with the work that they do, and the organization all in all turns out to be increasingly inventive. Zappos is a hazard taking association where committing errors is empowered. You don't hear that time after time, as we talked about in class botches are disapprove of, at Apple the representatives are some of the time beaten! At Zappos, call focus laborers are incited to attempt new things to please clients. Directors are approached to remove their colleagues from the workplace as an approach to get them to consider their employments contrastingly and make more grounded bonds. There principle objective is to be brave, inventive and liberal. To empower learning, the Zappos hall has a few shelves completely loaded with top business and the executives book running from â€Å"Peak† to â€Å"Made to Stick† and â€Å"Good to Great†. These are made allowed to representatives, and they are likewise urged to try out the classes the organization offers to learn new abilities. In the event that a worker wouldn't like to follow the fifth estimation of â€Å"Pursue Growth and Leaning† they won't be at Zappos long. So as to assemble solid associations with their workers the organization stresses correspondence. Zappos is enthusiastic about straightforwardness and having workers state what they think. On the off chance that a classified talk is required, they flexibly a full-time life mentor who will tune in to any protests, profession exhortation, family counsel, or whatever else that may be disturbing a representative. Representatives cooperate, play together, and have come to think about one another as individuals from a more distant family. Zappos seventh worth is to â€Å"build a positive group and family spirit†. Since a large portion of our grown-up lives are spent working, they need a nearby gathering of individuals who can appreciate one another. After a lay off of 124 specialists to cut costs, Zappos started to search for different approaches to watch costs. It posted a â€Å"do more with less† mentality. In the wake of instructional courses the organization would have a â€Å"happy hour† to enable new workers to bond with existing representatives. This would cost around $3,000. Today, the party time has become a $110 in house frozen yogurt social, and has really gotten more positive surveys from representatives than free drinks. Zappos’ ninth worth is to be energetic and decided, yet not just about your activity. Representatives are urged to carry every single outside enthusiasm into the work environment. For instance, on the off chance that somebody was running a cause occasion and needed to get the organization in question, the organization worries to present the thought. All together for an organization to remain on top, they need to acknowledge there is consistently opportunity to get better. The tenth worth â€Å"be humble† is critical what exactly keeps Zappos at the highest point of the game. â€Å"Even however a huge amount of organizations come to us to find out about how we get things done, we generally state, these are a few things that we’re doing that are working, yet what you folks doing? We generally perceive there’s more to do† (Zappos Website) The way to having a constructive workplace relies upon recruiting the perfect individuals. Zappos is searching for individuals with a comical inclination who can try sincerely and play hard. They adopt an alternate strategy to talking, asking animation inquiries and other various inquiries to discover a people genuine character. Potential representatives likewise experience both social and specialized meetings to ensure they will fit with the organization. At the point when recruited, they go to a multi week preparing program. After the preparation program, all workers are offered $2,000 to $3,000 installment to leave the organization and quit! Paying recently recruited employees to leave may appear to be a misuse of cash, however to Zappos it bodes well. This is an approach to them to get rid of the individuals who are just there for a check. For them, building society is progressively about the cash. Beyond a shadow of a doubt, Hsieh’s number one message in his book is that first class client care is a center competency and a major piece of Zappos plan of action and achievement. Numerous organizations despite everything accept that client support is all the more an expense than an increase. The expense of procuring another client is regularly so high that focusing on your present client is unmistakably all the more fulfilling. Zappos doesn't re-appropriate its call place tasks, and they worker delegates with a high Emotional Intelligence. Workers have free reign in their dynamic and are required to invest as much energy as they need on any clients. They help clients shop, (even on competitor’s sites) and will do anything it takes to make the shopping experience essential. Zappos accepts that incredible client encounters urge clients to utilize the online store once more. Verbal showcasing is the most ideal approach to arrive at new clients. The organization has more than 75 percent of buys made by repe

Enterprise Resource Planning Shared Leadership

Question: Talk about the Enterprise Resource Planning for Shared Leadership. Answer: Explanation for Implementing or Updating the ERP: The accompanying focuses are the explanation for picking an ERP or undertaking asset framework. All the vital procedure of the association can be obvious to the administration. The data of different divisions will be open without any problem. Single and brought together announcing framework for examining the status or measurements progressively. This will be conceivable inside all the divisions and capacities (Leon 2014). The business insight functionalities can be joined inside the business with the augmentation by the ERP seller. It will permit the administration to get inside the business exercises and perceive the potential issues. Based on the prerequisite of the association, the determination of the modules, for example, human asset the executives, fund, advertising, client relationship the executives and a lot more can be chosen. This demonstrates the framework is a secluded framework (Monk and Wagner 2012). The concentrate stockpiling and reinforcement of all the association information should be possible through the database framework which is actualized in the backend. The comprehensively scattered undertaking associations are the best for a venture asset framework (Tsai et al. 2012). Over all the divisions, the coordinated effort can be accomplished in light of the quicker joint effort and undertaking wide perceivability. Since the unified security approaches and enactments can be applied to the framework, greater security can be accomplished as far as an endeavor asset arranging framework (Kwak et al. 2012). Application program interface can be utilized in the ERP framework for incorporating different frameworks. It permits an association to expand the usefulness of the ERP framework. As the framework gives adaptability at all aspects of it, this association functions as very piece of the ERP. Propelled E-business can be consolidated with the endeavor asset framework. Notwithstanding that, online request following can be dealt with by the ERP framework (Saeed, Skielse and Uppstrom 2012). Hierarchical Processes Supported by ERP: Key Business Processes Elements of Business Showcasing Showcasing of an item Deals request following Backing to buyer CRM or client relationship the executives Deals anticipating Publicizing SCM or gracefully chain the board Purchasing crude materials Acquire merchandise Coordinations and transportation Booking creation Assembling products Support of the plant Fund and bookkeeping Installments to provider from buyer Cost control and assignment Arranging and planning Income the board HRM or human asset the board Employing and enrolling Preparing Finance Focal points Government consistence Table 1: Key Business Functionalities of ERP (Source: Jin et al. 2014) Promoting System: The total 3600 image of the customer can be obvious to the administration which helps with upgrading the request satisfaction and request preparing. The framework additionally naturally creates qualified leads, handle multi channel promoting efforts, smoothing out the business movement and joint effort among the deals and advertising (Strauss 2016). The framework gives the data to the ideal and approved faculty continuously. Record framework: General record modules and the buying can be incorporated straightforwardly. The history and the present action of the seller can be gotten to by the merchant movement program. The common solicitations can be naturally made with tedious information section (Kanellou and Spathis 2013). It additionally gives staggered burdening abilities to different regions, for example, state, area, and city. Flexibly chain the board: Through the gracefully chain arranging advancements, showcasing channels, needs in the stock, ensuring recharging, advertising channel choice and a lot more can be accomplished viably and effectively (Stadtler 2015). It handles the gracefully of the products, administration and obtainment viably. Survey, screen and adjust the flexibly chain action and endeavors continuously is done through the undertaking asset framework. Human Resource Management: The human asset arranging is set up by the ERP. Through the reenactment of the human asset arranging the administration can take better choice (Hoch and Dulebohn 2013). The ERP is the key in numerous endeavors for obtaining the relational, specialized and business abilities that are required by the workers. Key Modules in the Enterprise Resource System: Flexibly chain the board: as far as the produces this module is one of the most urgent modules. From the base to the top all the parts of the gracefully bind the board is noticeable to the administration (Leon 2014). Request the board, estimating, acquisition, arranging and a lot more are the key SCM modules. CRM: All the purchaser progress of an association is noticeable at one spot through the client relationship the board programming (Khodakarami and Chan 2014). Ace information the executives are shopper information coordination the primary parts of the ERP client relationship the board. Item lifecycle the board: Port folio the board, item information the executives, direct material sourcing and item configuration are the different pieces of the PLM. The qualities and the structure of the item can be gotten to by the administration through the ERP (Vezzetti, Violante and Marcolin 2014). Human capital administration: It is another normal module of the ERP. The HCM modules give limit as the inside delegate record, which inconspicuous components work power exercises, benefits association and account, position organization and consistence with government headings (Hoch and Dulebohn 2013). ERP HCM covers three areas of laborer organization: esteem based, capacity organization and created organization. Distribution center Management System: WMS writing computer programs is an undeniable necessity has for producers. ERP WMS modules take after the movement methodology required with finished product or materials from transport into the dispersion community for limit through restoration and picking for shipment to fulfill orders (Sahuri and Utomo 2016). WMS modules similarly synchronize and control stock on the shop floor. Resource Management: Makers can follow physical amassing assets required in progress - the plant itself and apparatus - using ERP Asset the executives modules. A part of the step by step works that ERP Asset the board handles are upkeep plans, equipment uptime and personal time, stock and assurance organization and consistence with dangerous materials and waste after bearings (Morlhon, Pellerin and Bourgault 2014). Contemplations for Evaluating, Purchasing and Implementing an ERP System: Assessing: For assessing the ERP the key contemplations are as following. Business size: The association must think about their business size. It is on the grounds that the independent venture does exclude the vast majority of the functionalities of the ERP while and medium or enormous endeavor will (Smith and Kutas 2015). Security: The security can be considered as the most significant element of an ERP. The data that the ERP is comprising of is generally important for an association. Announcing: As a business reports to different association and there are various laws related with the detailing, the revealing can be considered as the one of the important contemplations while assessing an ERP (Kayser and Tenke 2015). Executing: The contemplations while actualizing the ERP are as following. Backing of upper administration: Obtain the help of the upper administration is a pivotal factor as far as executing an ERP inside an association. Clarifying idea about the necessity: Often an inappropriate prerequisites make a circumstance where the both the customer and seller association experiences actualizing the ERP. So it is critical for the association to indicate the prerequisites unmistakably before starting the execution procedure (Smith and Kutas 2015). Versatile clients: As the greater part of the clients are keen on getting to the framework through their cell phones, the association must consider making the framework portable upheld. Buying: The contemplations while buying the ERP are as following. Goal of the association: The association must break down that the ERP is equipped for satisfying the objectives and targets of the association. Notwithstanding that, the associations need to consider that whether the ERP is fit for carrying an item to the market quicker and remaining whole administrative necessity or not. Future versatility and fundamental innovation: As the innovation is moving quick, knowing the hidden innovation of the ERP is essential now days (Kayser and Tenke 2015). It is on the grounds that the future versatility of the ERP relies upon the hidden innovation utilized in the ERP. Section 2 1. Setting Diagram of Sport Goods Galores ERP: 2. DFD of Sport Goods Galores ERP: 3. Framework Flow Chart of Sport Goods Galores ERP: References: Hoch, J.E. furthermore, Dulebohn, J.H 2013. Mutual initiative in big business asset arranging and human asset the board framework implementation.Human Resource Management Review,23(1), pp.114-125. Jin, J., Allison, B.Z., Zhang, Y., Wang, X. also, Cichocki, A 2014. An ERP-based BCI utilizing a crackpot worldview with various faces and decreased mistakes in basic functions.International diary of neural systems,24(08), p.1450027. Kanellou, A. also, Spathis, C 2013. Bookkeeping advantages and fulfillment in an ERP environment.International Journal of Accounting Information Systems,14(3), pp.209-234. Kayser, J. what's more, Tenke, C.E 2015. Issues and contemplations for utilizing the scalp surface Laplacian in EEG/ERP investigate: An instructional exercise review.International Journal of Psychophysiology,97(3), pp.189-209. Khodakarami, F. what's more, Chan, Y.E 2014. Investigating

Resignation Letter Sample for Quitting Your Job Like a Pro

Resignation Letter Sample for Quitting Your Job Like a Pro Are you one of those lucky people who loves his or her current job? Perhaps you belong to the other group, anxiously browsing for your next career move. Whichever group you belong to, chances are you aren’t working in your final job position â€" according to the latest statistics, the average person holds around 12 jobs in his or her lifetime.The majority of those changes won’t â€" hopefully â€" occur because you were fired, but rather because you were jumping in on another opportunity. Indeed, there are many reasons for quitting your job and all those reasons require you to write a resignation letter.A resignation letter tells the employer you’re voluntarily terminating your contract. While it might not be mandatory, it does make the whole process less messy and ensures you don’t burn the bridges with your previous employer.Indeed, according to an OfficeTeam survey around 86% of HR managers say the way you’ve quit your previous job affects your future career opportunities. You don’t want to do it the wrong way.So, how do you write a resignation letter like a pro? Here are the five keys to a good resignation letter, the main things to consider when writing one, and an example template for you to use. THE 5 KEYS TO A GOOD RESIGNATION LETTERWhen writing a resignation letter, your focus must be on five things:Keep it shortDon’t turn a resignation letter into a novel. You shouldn’t use it as an opportunity to explain your life story and you definitely don’t want to make excuses in your resignation letter. This is not a document for lengthy explanations as to what happened and why you’re resigning.If further discussions are needed, you can ask to do so with the manager face-to-face. Your resignation letter should inform, not explain.Recognize the contractYou should also show an understanding of your employment contract in your resignation letter. This shows respect towards your current employer and highlights a level of professionalism in dealing with the issue.You, ideally, need to show in your resignation letter that you are not in violation of it by resigning. For example, you might have a term that determines how long you must work from the moment of the resignation letter .The general guideline is to provide a two-week notice, which means working for two weeks after your resignation letter. However, be also prepared for the employer for asking you to leave immediately. It’s important to leave your employment contract to fully understand your rights and responsibilities in this situation.Remember the formal stuffIt might seem a bit obvious advice but remember the resignation letter is an official document. You show professionalism by including the elements of an official letter into it. These include:The date of the letterThe position you are resigning fromThe last day you’ll work for the organizationYour real signature at the endIt’s a good idea to check who you’re supposed to address the resignation letter to. In many organizations, it might be your closest manager, while in others it might be the head of the department or HR. You can check the company policy with the HR department or your manager.Be thankful for the opportunity and avoid pe rsonal criticismYou should never turn the resignation letter into a critique of the organization, the position or the management. If you have issues you want to talk about, then do this in a conversation â€" such as the end of employment discussion â€" but not in the letter.Instead of criticizing the employer or your colleagues, you want to thank them for the opportunity you were given. Even if you didn’t enjoy working there, you don’t want to burn bridges â€" after all, the employer did take a chance on you and hired you. Even though things didn’t work out, you had an opportunity to work and grow.Offer helpFinally, you want to make it clear you want this transition to be as smooth as possible. No matter what you think about your employer, they are going to have a disruption since you’re leaving â€" your job is to try to make it as pain-free as possible.Offer assistance in possibly helping with this transition period or even training and finding the new employee. You should also show your willingness to talk about the resignation â€" it doesn’t mean you should change your mind, but it can help your employee improve if they know your reasons behind it.However, when offering help, only offer it in a way you are comfortable giving. Don’t promise to do this and that if you know you won’t do it.2 THINGS TO CONSIDER WHEN WRITING A RESIGNATION LETTERWhen writing your resignation letter, you have to consider two key things: how quick your resignation is going to be and the reason you’re leaving your job.How to professionally reflect on these two points with your resignation letter?The timeline for your resignationDepending on your contract, you could be quitting your job immediately or after a specific period. This will naturally influence the wording on your resignation letter.Now, when deciding the last date of work, you need to focus on two things:What does the contract say? Read the employment contract and understand your rights and responsibilitie s.When do you want/need to stop? Your reason for quitting might also influence your date of choice â€" for example, is the family relocating or do you start in a new job on a certain date?When you’ve considered the above points, you can start thinking about the wording of your letter. Below are a few examples based on your resignation timeline:The basic two-weeks notice24-hours/Effective immediatelyI’m writing to announce my resignation from my position as Accounts Manager, effective two weeks from this date.  I’m writing to inform you that I’m resigning from my position at Accounts Manager due weeks from this date.  Please accept this as my formal notice of resignation from my position at Accounts Manager at ZYX. My last day will be May 17, 2017, two weeks from today.Please accept this letter as notification that I am resigning from my job as Accounts Manager effective tomorrow. I apologize for not being able to give more notice.  I’m writing to inform you my resignation from my position as Accounts Manager, effective tomorrow.  I regret to inform you that I am resigning immediately from my position as Accounts Manager. My last day will be tomorrow. I apologize for the short notice.The important thing to remember here is to add regret to your more immediate resignation letter. You don’t want to just inform your resignation, but show you understand the disruptiveness of such a sudden statement. Whether you should dive into the reasoning of this sudden move is discussed next.The reason for resignationWhile you don’t need to provide a reason for your resignation, you might still want to consider it â€" especially, if you are leaving with immediate effect. The reason might help make the resignation a little less painful for the employer and ensures you don’t have to quit and burn your bridges.As mentioned, there is no need to provide a reason but it can be more professional to reflect on it. When thinking about reflecting on the reason for quitti ng, keep in mind these points:You don’t want to mention your real reason for quitting if it’s something negative about your current employer â€" remember this wasn’t the place and time for putting forward complaints but a letter to inform.You don’t want to mention your new job or employer in detail, especially if they are the direct competitors of your current employer.You might want to mention your reason if it’s a family reason, such as a death in the family, sickness, or relocation.You might want to mention your reason if it’s a complete lifestyle change or you are going after your dream â€" again, this should be something completely different to what you are doing now and involve no career change to a competitor.Again, it’s important to maintain a level of professionalism and formality â€" you don’t need to explain or justify your reasons here. However, if you think the reason will help the employer understand and reflect on your decision and you are comfortable to share it, you can do so.In terms of how to talk about your reasons, here are some example statements you should include to your job resignation letter:Generic reason letter (usually for change in career)I feel my career has now taken a move into a different direction and it is time for me to move on to new opportunities.  I have accepted a new opportunity that gives me a chance to continue to grow professionally, as well as stay close to my family.RelocationI will relocate to the ZYX area in the near future.  I will be relocating to ZYX in order to be closer to my family.  My family has made the decision to relocate to ZYX, which is why I’m offering my resignation.Further educationI plan to return to my studies and finish a higher degree in Accounting at XYZ University.  I’ve decided to pursue my academic interests further and I have accepted a place at XYZ University.Personal/family reasonsI’m resigning due to personal reasons.  I regret to inform you of this but there has been an illness in my family and I will want to focus on sorting it out.  My decision is based on family reasons that require my full attention.A TEMPLATE FOR A PROFESSIONAL RESIGNATION LETTERWith the above in mind, here is a classic template of a professional resignation letter. It has all the five elements and pays attention to the two key considerations. You can use this in a variety of situations and simply tweak it slightly to better fit your current situation.Your contact informationFirst Last NameHome addressCity, ZIP CodeHome phone numberEmail addressThe date of the letterEmployer contact informationNameTitleOrganisationOrganisation’s addressCity, ZIP codeSalutationDear Mr/Ms/Mrs Last NameDear TitleFirst paragraphState the purpose of the letter (resignation), mention your position, and identify when the resignation becomes effective.I’m writing today to give my resignation as Accounts Manager and to inform you that my last day of work will be May 16, 2017.Middle paragra phExplain the possible reasoning for the resignation (if appropriate) and thank the employer for the opportunities you’ve had.I have enjoyed working at the company and I will miss working with the team. I’m grateful for the skills I’ve gained over the past four years and will cherish my time.Final paragraphConclude by offering your assistance during the transition and offer the opportunity for further discussion.If there is anything I can help to ease with the transition, don’t hesitate to ask. I can provide a quick cheat sheet for my follower or temporary replacer regarding the client list. Closing marks  Respectfully yoursWith regardsBest regards,SignatureHandwritten or typed depending on the letterThe sentences in italics are example sentences you can use at each point of the resignation letter. You can use the template as it is or adjust it according to your situation. The key is to focus on sticking to the format above and to use the above tips as your guidance when wri ting your own resignation letter.QUITTING YOUR JOB LIKE A PRO WITH A PROFESSIONAL RESIGNATION LETTERWe change our jobs for a variety of reasons. But no matter what your reasons are, you don’t want to burn bridges. Staying professional will always boost your career chances in the future â€" you never know who you’ll meet from your past to influence your future. When writing a resignation letter, you want to focus on the main thing: using it to inform. It’s not about explaining, making excuses or trying to be apologetic â€" you’ve made your decision and now you are acting like an adult, informing your employer about it.Stick to short, sweet and simple, keeping it polite and professional. These will guarantee your resignation letter helps you quit your job like a pro.

Religious Education School Based Assessment - 2145 Words

Haile Selassie was born Tafari Mekanon in the late 1800s in the African country Ethiopia. He was crowned king, or Ras Tafari in the 1930s, thus fulfilling the prophecy of Marcus Garvey decades earlier has he proclaimed, look to the east for the coming of a black king. Marcus Garvey is looked at in the Rastafarian movement as the biblical Moses since he was not only one of the greatest advocates for black repatriation in the Western World but also since he prophetically introduced and announced the coming of the Messiah. When the early Rastas heard of the crowing of King Selassie - they knew that Marcuss prophecy was fulfilled. Early Rastafarians were not accepted by the Jamaican population at large. They were looked at as dirty†¦show more content†¦We must at all times put our trust and faith in Him and he will not desert us or permit us to destroy ourselves or humanity that He created in His image. We must examine ourselves and look deeply in our souls. We must become something we have never been before. We must become bigger that we have been, greater in spirit, more courageous, and larger in our outlook. As His majesty said, we must overcome our petty prejudices, even if the weight of history is heavy, owing our ultimate dedication or allegiance not to any nation or country, but to our fellow men within the human community and become member of a new race, the true race: the human race. What is Rastafari Rastafari is a movement of black people who know Africa is the birthplace of mankind, all mankind. It is a twentieth century manifestation of God that enlightened our pathway towards righteousness and is therefore worthy of reverence. Rastafari recognizes Africa as the central origin of religious history, culture, science and technology. Africa, symbolized in the scriptures by Ethiopia (I-thiopia) is an emotional magnet for many Africans, that is calling us home to the continent which our ancestors were taken by force from more than three hundred years ago, during slavery, the black holocaust. That call has never been felt more deeply than by members of the Rastafari faith. Rastafari wants all people, especially black people, to know that we areShow MoreRelatedPresident George Bush s No Child Left Behind Act Of 20071263 Words   |  6 PagesPolitics have made up a large part of public education in the United States of America since Anglo-Saxons came over from Europe. The effects that politics and governmental policies have had on public education have been evident throughout the history of the United States and are still apparent today. 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The Universal Commercial Code, Banks, and Fraudulent Activity

What happens when a bank accepts a check with a forged endorsement? Who suffers the loss? Who is liable? Where can these answers be found? Check fraud law is governed by Articles 3 and 4 of the Uniform Commercial Code (UCC). The National Conference of Commissioners on Uniform State Laws and the American Law Institute created the Uniform Commercial Code in a joint effort. It took over ten years to originally draft the UCC, and a further fourteen years for the UCC to be implemented across the country. The creation of the UCC began in 1940 in an effort to attack major commercial problems with comprehensive legal solutions The UCC allows commercial organizations to do business across jurisdictional boundaries with confidence because these†¦show more content†¦It seems that the company does not think it feasible to try to recovery their loses from employee, Lisa Leslie, and therefore goes after the bank for allowing her to steal from them. Is the bank at fault? Does the bank have an obligation to their customers to protect them from fraudulent activity? In short, yes. Customers trust banks to do just that. In this case, the bank did what it was supposed to do. The court held that a corporate resolution given to the bank and a signature card gave the officer authority to endorse checks for deposit to the account, and to draft checks from the account, so the bank was not liable for conversion. These documents were unambiguous. The resolution and signature card clearly let the officer act for the company regarding the account, including withdrawing money and endorsing checks for deposit. The fact that she was not specifically designated as an officer in the resolution was irrelevant. Her acts did not violate the authority the resolution gave her, and whether she violated company policy related to her abuse of authority, not a lack of authority. The bank was not liable for such abuse. Given her authority, nothing put the bank on notice of her illegal activity, so theShow MoreRelatedThe Means Whereby IT Managers as Purchasing Agents Participate in Fraudulent1930 Words   |  8 PagesPurch asing Agents Participate in Fraudulent Activities †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦..†¦...5 Recommendations For Measures or Actions That Chief Information Officers (CIOs) or Chief Technology Officers (CTOs) Might Mandate to Reduce Fraud and Other Unethical Practices While Protecting the Reputation of the Organization and the Infrastructures of Computer Systems †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.7 How These Measures Would be Useful and Reduce the Amount of Fraudulent Activities..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreReport on Corporate Frauds in Bangladesh5564 Words   |  23 Pagesspite of certain exceptions not much development or research has been done regarding corporate fraud in Bangladesh. 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The Effects Of Television On Children Is Dora A Child...

An Examination of the Negative Effects of Television on Children: Is Dora a Child Predator? In one year, a child tends to spend more time watching TV than the amount of time spent in the classroom. Beginning in 1927, the first television consisted of nothing more than a very small box that consumed a monstrous amount of energy. As years passed, World War II served as the spark in the age of the TV. Many people in the United States of America became distraught during the war. What’s more settling than buying something to make oneself feel better? As TV’s flew off the shelf, little did America know of the potential harmful effects on education. The TV has been proven to negatively affect our children’s brains. The setbacks of TV far outweigh the The Small Fry Club, Tillstrom s Kukla, Fran, and Ollie, and Robert E. Buffalo Bob Smith s Howdy Doody Time provided some of the first children’s programs aired. Cartoons became a popular Saturday morning event in the early 1960’s. This ritual benefited both the parents and the child. The kids enjoye d having such consistent entertainment and the parents managed to have some free time to themselves. However, as time passed by, the use of television did not solely rely on entertainment, but also to distract children. As I watched my mother set my one year old sister in front of the television so she could do some house work, I questioned the health hazard of TV consumption. Ironically, the term baby-sitter is a synonym for a

Business Academic Skills Business Internship

Question: Discuss about the Business Academic Skills for Business Internship. Answer: Several researchers have examined the impact of internships on the career of the university students. Coco, Truong and Kaupins (2013) have illustrated the advantages and disadvantages of the internship program for the university students. The authors are of the opinion that the internship program would be helping the students in gaining the first hand experience related to the tasks such that they are able to learn to tackle and resolve the issues and problems related to work. While, the major disadvantage is the lack of clear expectations related to the program and the lack of combination in the company (Coco, Truong and Kaupins 2013). Dobratz, Singh and Abbey (2014) have argued that the internship program in business curricula is nowadays, referred to as simply an option rather than a requirement. By establishing a link between the internships and the entrepreneurship, the authors have pleaded the universities to incorporate the internships into the entrepreneurship education progr ams owing to the advantage of the internship in enhancing the student experiences and the success of entrepreneurs as well. Carson (2013) has illustrated the challenges as faced by the students and the employers during the recruitment process owing to the lack of prior experience, knowledge and skills in the students related to the work. The author has thus, argued that the one stop solution to this situation is by exposing the students to the entrepreneurship environment and work culture such that to enable them in gaining the valuable experiences and academic credit in the process. This could only be possible by establishing internship programs at the junior and senior level academic courses (Carson 2013). Thus, from the arguments as stated by the researchers, it could be evident that the end result of the business internship program heightens the potential of the students for successful new venture creation. References Carson, L. (2013). Bridging the gap: Internships can benefit students and employers.Public Relations Society of America. [online] Available at: https://913868_1145526376_Article3.pdf. Coco, M., Truong, A. and Kaupins, G., 2013. STUDENT AND COMPANY REACTIONS TO A UNIVERSITY INTERNSHIP PROGRAM: CONTENT ANALYSIS.International Journal of Education Research,8(1). Dobratz, C.L., Singh, R.P. and Abbey, A., 2014. USING FORMAL INTERNSHIPS TO IMPROVE ENTREPRENEURSHIP EDUCATION PROGRAMS.Journal of Entrepreneurship Education,17(2), p.62.

ATP Definition and Importance in Metabolism

ATP Definition and Importance in Metabolism Adenosine triphosphate or ATP is often called the energy currency of the cell because this molecule plays a key role in metabolism, particularly in energy transfer within cells. The molecule acts to couple the energy of exergonic and endergonic processes, making energetically unfavorable chemical reactions able to proceed. Metabolic Reactions Involving ATP Adenosine triphosphate is used to transport chemical energy in many important processes, including: aerobic respiration (glycolysis and the citric acid cycle)fermentationcellular divisionphotophosphorylationmotility (e.g., shortening of myosin and actin filament cross-bridges as well ​as  cytoskeleton construction)exocytosis and endocytosisphotosynthesisprotein synthesis In addition to metabolic functions, ATP is involved in signal transduction. It is believed to be the neurotransmitter responsible for the sensation of taste. The human central and peripheral nervous system, in particular, relies on ATP signaling. ATP is also added to nucleic acids during transcription. ATP is continuously recycled, rather than expended. Its converted back into precursor molecules, so it can be used again and again. In human beings, for example, the amount of ATP recycled daily is about the same as body weight, even though the average human being only has about 250 grams of ATP. Another way to look at it is that a single molecule of ATP gets recycled 500-700 times every day. At any moment in time, the amount of ATP plus ADP is fairly constant. This is important since ATP is not a molecule that can be stored for later use.​ ATP may be produced from simple and complex sugars as well as from lipids via redox reactions. For this to occur, the carbohydrates must first be broken down into simple sugars, while the lipids must be broken ​into  fatty acids and glycerol. However, ATP production is highly regulated. Its production is controlled via substrate concentration, feedback mechanisms, and allosteric hindrance. ATP Structure As indicated by the molecular name, adenosine triphosphate consists of three phosphate groups (tri- prefix before phosphate) connected to adenosine. Adenosine is made by attaching the 9 nitrogen atom of the purine base adenine to the 1 carbon of the pentose sugar ribose. The phosphate groups are attached connecting and oxygen from a phosphate to the 5 carbon of the ribose. Starting with the group closest to the ribose sugar, the phosphate groups are named alpha (ÃŽ ±), beta (ÃŽ ²), and gamma (ÃŽ ³). Removing a phosphate group results in adenosine diphosphate (ADP) and removing two groups produces adenosine monophosphate (AMP). How ATP Produces Energy The key to energy production lies ​with the  phosphate groups. Breaking the phosphate bond is an exothermic reaction.  So, when ATP loses one or two phosphate groups, energy is released. More energy is released breaking the first phosphate bond than the second. ATP H2O → ADP Pi Energy (Δ G -30.5 kJ.mol-1)ATP H2O → AMP PPi Energy (Δ G -45.6 kJ.mol-1) The energy that is released is coupled to an endothermic (thermodynamically unfavorable) reaction in order to give it ​the  activation energy needed to proceed. ATP Facts ATP was discovered in 1929 by two independent sets of researchers: Karl Lohmann and also Cyrus Fiske/Yellapragada Subbarow. Alexander Todd first synthesized the molecule in 1948. Empirical Formula C10H16N5O13P3 Chemical Formula C10H8N4O2NH2(OH2)(PO3H)3H Molecular Mass 507.18 g.mol-1 What Is ATP an Important Molecule in Metabolism? There are essentially two reasons ATP is so important: Its the only chemical in the body that can be directly used as energy.Other forms of chemical energy need to be converted into ATP before they can be used. Another important point is that ATP is recyclable. If the molecule was used up after each reaction, it wouldnt be practical for metabolism. ATP Trivia Want to impress your friends? Learn the IUPAC name for adenosine triphosphate. Its  [(2R,3S,4R,5R)-5-(6-aminopurin-9-yl)-3,4-dihydroxyoxolan-2-yl]methyl(hydroxyphosphonooxyphosphoryl)hydrogen phosphate.While most students study ATP as it relates to animal metabolism, the molecule is also the key form of chemical energy in plants.The density of pure ATP is comparable to that of water. Its 1.04 grams per cubic centimeter.The melting point of pure ATP is  368.6 °F (187 °C).

Hewitt Packard Business Overview

Hewitt Packard Business Overview Free Online Research Papers Discuss the three most serious problems you have identified in the case. Defend why you think they are the most serious. One of the Hewlett-Packard’s most serious problems is its lack of management. CEO Carly Fiorina didn’t provide enough direction. The strategic vision she was using to guide the company was unclear, and nobody in the company has any idea if it was being carried-out or not. Without a well-defined strategic vision for the company, employees had no motivation and no sense of organizational purpose. As a result it can lead to a number of symptoms such as poor image, slow growth and a decline in sales, which is a direct connection to lack of leadership and imprecise strategic vision. The second of the H-P’s most serious problems was its confusing matrix structure, which blurred accountability lines and slowed decision-making. A matrix structure focuses on integrated teams and involves reporting to multiple managers. It can be highly effective, but it can be confusing to work within and it can also create conflict between project bosses in different parts of the matrix. According to Williams (2011), some of the common problems are disagreements or misunderstandings about schedules, budgets, available resources, and the availability of employees with particular functional expertise. A matrix structure requires a high level of coordination to manage complexity involved with running large, ongoing projects at various levels of completion and it also requires much more management skill than the other forms of organizational structure. The third of the most serious problem was the H-P’s reward system because it was so complicated and no one understood how performance affected his or her bonuses. A reward system does not have to be complex; it should be clear and simple in order to get the best results. Leonard (1994) refers to Jerry McAdams notations, which state as follows: â€Å"an employer needs to keep performance measures simple and select only whats important. A complicated and convoluted measurement system will lead to a complicated and convoluted reward system Describe how the company should attempt to correct each of the three most serious problems. In order to correct the under management problem, Hewlett-Packard has already taken the first step, which was to replace the current CEO, Carly Fiorina, with Mark Hurd. In order to succeed, the company needed a leader like Mike Hurd with a different leadership style, someone who focuses on a clear strategic vision, mission, goals, and objectives. A leader who could be able to turn H-P’s vague strategic vision it into something more precise and also make sure the company’s strategy is being properly executed. With respect to the confusing matrix structure, I agree with the tactic CEO Mark Hurd implemented to correct this type of operational issue, which had H-P’s single sales division reporting to four or five division heads at once. Hurd divided up the sales division, so that each of the major H-P product divisions had its own dedicated sales division. It seems that the matrix structure was not working for Hewlett-Packard; therefore it needed an immediate corrective action in order to appoint clear accountability lines and speed up decision-making. Hewlett-Packard should attempt to correct its complex reward system problem by implementing simplifications to it. Because of this complex bonus system, talented executives were leaving and the company was having trouble attracting new ones. A reward system should be intended to attract and retain suitable employees, to maintain and improve performance, and to maintain commitment to the organization. It should be a method of motivating employees to change work habits and key behaviors and it should be simple and easy to understand by them. Mark Hurd solved this issue by linking the bonuses directly to divisional and company performance, which I think was the best way of solving this issue. Recommend a leadership style or combination of initiating structure and consideration the CEO should adopt to address the problems of distrust and declining morale. Explain your answer. In order to address the problems of distrust and declining morale, CEO Mark Hurd should adopt a combination of leadership styles such as the relationship-oriented leadership style and the supportive leadership style. According to Fiedler theory, leaders under the relationship-oriented leadership style must be people-oriented. In other words, they need to focus more on the needs of the people and the organization they are guiding and focus less on their own needs. Fiedler points out that the effectiveness of a leader depends on a range of situational factors such as leader-member relations, task structure, and position power. Leader-member relations are the most important situational factor. â€Å"It refers to how well followers respect, trust, and like their leaders. When leader-member relations are good, followers will trust the leader and there is a friendly work atmosphere.† (Williams, 2011). Murray (2009) suggests that leadership should be adapted to the particular dema nds of the situation, the particular requirements of the people involved and the particular challenges facing the organization. One way of addressing the problems of distrust and declining morale should be adopting the supportive leadership style, suggested by the path-goal theory. The path-goal theory states that a leaders behavior is contingent to the satisfaction, motivation and performance of his/her followers. Leaders who show the way and help followers along a path are effectively leading. Leaders need to provide coaching, guidance, support, rewards necessary for effective work performance, and they must complement and not duplicate the characteristics of followers’ work environments. (Williams,2011). The CEO should also adopt the supportive leadership by considering the needs of the follower, showing concern for their welfare and creating a friendly working environment. This includes increasing the followers self-esteem and making the job more interesting. This approach is best when the work is stressful, boring or hazardous. (House Mitchell, 1974). The results of adopting this leadership style would be performance improvement and job stress reduction. It would also improve relations and trust between employees and leaders. By implementing or adopting these leadership styles, employees at Hewlett-Packard will no longer feel that they are working for the leader, but with the leader. After having examined all of the issues facing HP, recommend whether the CEO should focus on the approach to the current strategy or on implementation and execution. Defend your decision. I would definitely recommend that the CEO should focus on implementation and execution. Execution Management is essentially defined as translating your strategy into reality. It is not just accomplishing a task or a goal, but also to achieve the underlying business objectives. It has to enable a constant review and fine-tuning of your strategy. A good execution management will focus on WHAT as well as HOW of an achievement. The main reason the board hired the new CEO was because of his focus on execution (management). By focusing on implementation and execution, the CEO was able to successfully transform the company from a struggling, dysfunctional corporation into a well-structured and profitable corporation. Under his work style, Mark Hurd was able to work with the lower divisional levels to make sure operations were running smoothly. He was able to recast the CEO Fiorina’s strategy vision into something more concrete, offering specific visionary purposes. He tackled the confusing matrix structure by dividing up the sales division, so that each of the major H-P product divisions had its own dedicated sales division. He simplified the complex reward system by linking bonuses directly to divisional and company performance. He proved to match more closely to the traditional â€Å"H-P Way†, which was friendly, approachable, and supportive of its employees. Finally, within two years of Hurd t aking the CEO position, sales increased by $10 billion, and the stock price rose 80 percent. Research Papers on Hewitt Packard Business OverviewThe Project Managment Office SystemIncorporating Risk and Uncertainty Factor in CapitalMoral and Ethical Issues in Hiring New EmployeesOpen Architechture a white paperBionic Assembly System: A New Concept of SelfResearch Process Part OneRiordan Manufacturing Production PlanAnalysis of Ebay Expanding into AsiaMarketing of Lifeboy Soap A Unilever ProductEffects of Television Violence on Children

Situations Where Investors Do Not Diversify Assignment

Situations Where Investors Do Not Diversify - Assignment Example A diversified portfolio of investments, however, facilitates, distributing the risk factors across a number of securities issued by different firms. Therefore, if there are losses earned on a particular stock, it can be easily compensated by the profits earned on other stocks (Medo, Yeung & Zhang 2009). Investors are seen to diversify their portfolio by including not only common stock but also bonds and cash. Investing in stock is considered to be less risk induced than investing in debt securities. However, investments in stock do not yield fixed rates of return. The returns obtained from stock or the dividend earned depends upon the residual earnings of the firm. If a firm’s profits are high, it is likely that the returns are high. Since organizations operate in a complex business environment, it is difficult to predict the profits earned by a firm accurately. Considering such factors, investors find it risky to invest in common stock only (Loutskina & Strahan, 2011). Most i nvestors prefer including debt and other forms of borrowings in their portfolio. The advantage of including debt securities is that it facilitates fixed rates of returns. Investments made in cash are usually considered as a short-term reserve. Such investments can be liquidated easily. Usually, investors are seen to invest in money market securities so that they can be used in the state of emergencies. It is also important to understand that asset allocation and portfolio diversification are closely related. A diversified portfolio gets created through the allocation of assets (Goldstein & Pauzner, 2004). Diversification is required to be planned and approached with caution. Investors are normally seen to refrain from having a diversified portfolio during times when the market is highly volatile and there are risks associated with liquidity. Under such circumstances, investors avoid investing in debt and prefer common stock only. Hence, there is no limited diversification.  

Sustainability in IT Essay Example | Topics and Well Written Essays - 2500 words

Sustainability in IT - Essay Example The economic perspective of sustainability is about creating a long lasting trade system. On the other hand, corporate suitability is about focusing on the impact of business on the environment and society. The adoption of principles pertaining to sustainable development is therefore extremely important (Newsome, Moore and Dowling, 2002, p. 303). Nevertheless, in reality sustainability and business do not makes a good pair as organizations often struggle to implement sustainability measures. IT Industry and Software Engineering Information technology can be portrayed as a tool which is used to record, store, classify and process data into meaningful information. The information or the process data is then used for different application. Software Engineering is another major area of the IT industry. It is defined as the application of a quantifiable, disciplined and systematic approach towards the development, design and maintenance of a software package. In software engineering, sust ainability is a crucial factor. Although software engineering does not have any direct impact on the ecology due to its virtual nature, the procedure employed for creating it impacts the environment. The IT industry has been a major producer of wastages basically due to its shorter product life cycle. Therefore, depending upon this phenomenon IT companies throughout the world are trying their best to embrace sustainable growth. Sustainability in IT industry Although the large number of studies has been carried out about sustainability, the studies related to the impact and advantage of sustainability on the IT industry have been hardly done before. With buzzwords such as ‘Green computing’ and ‘Green IT’ the relationship between IT and sustainability got strengthened. The primary rationale behind adopting sustainability in IT is not only due to the rules of government, but companies are also becoming socially and environmentally responsible. Now to illustrat e the subject of the project in broader way, a particular company which practices sustainable development will be chosen. Once the company gets determined, the topic will be addressed in the context of the company. On reviewing various IT companies around the world the appropriate company for this project is IBM. Discussion & Analysis Principles of Sustainability Sustainability has always been a subject that has discussed along with corporate social responsibility. The principles of sustainability are highly dependent on the aspects of corporate social responsibility. In general, there are six sustainability principles which help a community to ensure social, environmental, and economic systems get well integrated. The principles of sustainability are as follows: 1. Maintain and try to improve the living standards of the residents. The quality of life one leads is highly dependent upon the community where the individual lives. Some of the vital components of a community include heal th care, education, housing, income, legal rights and employments. Hence it becomes the duty of the organization to look after the welfare of the society and preserve the environment where it is presently operating. 2. Try to enhance the economic vitality of the community. In order to achieve sustainability, it is imperative to have a viable local economy. Furthermore, the economy which is sustainable also remains diversified so that it does not get disturbed by any of the external or internal disasters. Therefore,

International Market Strategy Of Nike

International Market Strategy Of Nike Nike is a global company based in United States which employed more than 30000 people across the globe. This paper will talk about Nikes global presence and how Nike has achieved success in past years. We will discuss some facts and figures. This essay will employ literature review to support the evidences in case of dynamic capabilities of Nike and its competitive abilities. Nike is currently facing competition with Reebok and Adidas therefore it should take remain with its strategy of consistency so that the customers will not be puzzled and should take advantage of its brand name. Nike has been involved in never stopping controversies due to sweat shops but due to its preventable actions it gained publicity and today Nike is a stable brand name all over the world. Introduction: This essay will critically evaluate Nikes current international strategy and help to identify Nikes current strengths, weaknesses, opportunity and threats. This essay will also consider the political, legal and cultural issues which Nike can face while implementing any strategies in international markets. This strategy will also consider the threats of entering into a new market and supply of sufficient funds and labour in terms of applying the strategy. Taking any strategy into consideration will also involve an impact analysis and risk, therefore, any potential consequences and levels of risk involved and how to overcome those risks will be covered in the next section. Another section will talk about the never ending controversies which Nike has been facing due to its manufacturing factories in low labour countries. What strategies Nike is applying to overcome this situation and some recommendation for Nike. Finally, the essay will analyse the competition in the selected market, strategy adapted by the competitors and how Nike uses its brand power strategies to anticipate such threats. Nike- A Truly Global Company: Nike is the world market leader in athletic shoes and apparel and operates in more than 200 countries. Europe, Asia, North and Latin America are the main markets in which Nike sells its products, which makes it a truly global organisation. According to Mintel, 20%of the U.S. athletic market is controlled by Nike. The main products of Nike include footwear, sports equipment, men and women clothing and accessories. Nike is established in 1972 by former university of Oregon star Phil Knight which is now one of the richest people in America. Instead of manufacturing Nike designs and markets its products, while contracting for their manufacture from 600 factories scattered all around the globe, that employ around 650,000 people. (L. Hill, 2009) Nike has seen many ups and downs in the market and understands the value co-creation with customers. Nike has customers around the globe and it remains informed and connected with its customers which gives Nike a new source of value. Nike understands the use of involving customers into the business and therefore offers internet sites where customers can share their interactions and experiences, can give their suggestions. Nike can build trust and relationships with Nike community, can learn directly from customers and provide customers what they want which enhances the brand. Qualitative and Quantitative Performance Measures: Let us consider the overall financial performance of Nike across the globe. For the year ended 30/11/2008, revenues rose 11% to $10.02B. Net income rose 4% to $1234.8B (www.nikebiz.com). These financial figures are reflection of great success of Nike in global market as these are taken after assuming the price rise in U.S. and all the changes in the currency exchange rates have taken into consideration. As, it is clear from the figures provided, the revenues have increased tremendously in the year 2008, implies a higher sale of footwear in all the international markets which is obviously a good point to note, because in the period of recession where all the economies are going down, an increase of 11% cannot be neglected. Improved hedge rates year after year leads to higher gross margin which are reflected in the net income which has increased by 4%. (www.forbes.com) Table 1: Financial data Sales Profits Market Value Employees Assets $ 13.2 Billion $ 1.1 Billion $23 Billion 250000 $8.6 Billion Table 1 above gives the insights of financial structure of Nike plc, as it is clear from the figures in table 1 that Nike is strong in financial terms due to which it can increase its business globally. Company has enough capital to implement any international market strategy for example advertising in international markets, providing better services to customers, invest in the new planning etc. Table 2 below indicates that the company is moderately efficient in doing the business. The current ratio of -3 implies that company has sufficient liquid capital to enforce new marketing strategies and extending its business. Invest in promotional activities will also be a good idea. A gearing ratio of barely 2% suggests that company has spare debt capacity which is another benefit because Nike can apply for a loan if it will be needed, however the current condition of the company is adequately equipped in financial and capital viewpoint. Net profit margin of 8.1% suggests that Nike is competent in converting sales to profit margin. Table 2: Ratios On the next page: Net P/E ROA ROE Current Div/Yield Earning/Share Gearing Profit Ratio Margin ($) 8.1% 18.1 14.3 23.2 -3 1.3 4.4 0.2 Growth rate of Nike is indicated in the table 3 below which shows constant steady sales over the past years. A growth rate of 15% in one year and 7% over the last 7 years suggests that Nike is a big player in the market and is constantly playing at the same position. Its sales are increasing day by day due to the market strategy it applies, and the popularity it gained by sponsoring celebrity such as Michael Jordan and Tiger Woods. Just Do It the marketing phrase of Nike is buzz in the town and its swoosh logo gives it that different identity. Table 3: Growth Rates 1 Year 7 Years Dividend % 37% 9.03% Revenue % 15% 7% Earnings per share % 26.8% 17.5% Dynamic Capabilities of Nike Plant and equipment are the assets whose performance can be measured but Noto (2007) argued that brand name, reputation, particular technology and corporate culture with accumulated consumer information are some of the intangible assets which cannot be measured but are invaluable for a firms competitive advantage. Moller et al. (2002) supported the argument and said that a tightly coordinated supply and channel net are the prerequisite to establish a position in the field and keen demand of the customer reflects the strong brands example of both are Nike and Dell. The most effective way to manage and upgrade existing capabilities and resources and to convert the key weakness into strengths is- to outsource. Noto (2007) said that most of the automobile companies have become increasingly selective to choose the activities to perform internally. He also explained that in the athletic shoes and clothing Nike has contracted out many functions such as manufacturing and logistics which Noto argued as a clever step to negate the impact of key weaknesses. Nike undertakes marketing, product design and overall system integration itself but outsourced the other units to be economical. Moller et al. (2002) suggest that Nike with other big companies such as Benetton, Dell and IKEA has a well specified supplier and distribution system which made them efficient in terms of rapid growth opportunity, time compression, production and access to a wider customer base. Eisenhardt et al. (2000) suggests that for the long term competitive advantage Nike could also use dynamic capabilities to enhance existing resource configuration. Anti-globalisation Campaigns against Nike For all of the successes Nike has gained, it has repeatedly accused due to lots of issues for more than a decade. Many a times Nike stores have been targeted by anti globalisation protestors. News organisations such as CBS and several non government organisations such as Global Exchange based in San Francisco criticised the working conditions in foreign factories that supply Nike. According to Gelder (2006), in the race of globalisation, Nike, Coca-Cola and McDonalds are some of the brands which have become the representative of the massive power of large corporations for the anti globalisation movement. A brand is perceived differently in different culture or markets so it could be very catchy for an organisation to build a global brand. An organisation should be aware about the external environments in which it functions and should be very sensitive about its internal culture. It is very unreasonable to say that one strategy will fit globally because the rules and regulations and circumstances are different in different countries (Moore, 2003). And to position a brand competently in a different country needs a great skill to understand all the circumstances. A new but forthcoming field of research in international market strategy can be represented by low-income markets. Most companies are unaware of the potential of these markets and therefore these markets remain unexplored. To better understand customer needs and market characteristics it is very important to develop established ties and alliances with traditional and non-traditional partners in that economy. (Hill, 2009) Although Nike is a U.S. established company but all of its manufacturing is done in low wage countries like Vietnam. Nike is accused of manufacturing its shoes under the sweatshop condition in Asian countries which make a large hue and cry among the media. CBS 48 hours news report that these sweatshops are conducting their activities in unpleasant and unhealthy conditions. Young workers are paid low wages to work long hours and are exposed continuously to toxic substances in factories which can lead to serious health impairment. A foundation financed by labour unions and low-wage countries in 1996 said that Air Jordans popular range of Nike sneakers were made by 11 year olds who are working for 14 cents per hour in Indonesia. A newsletter published by Global exchange argued that most of the shoes of Nike are manufactured in countries like China and Indonesia which has governments that forbid independent unions and set the minimum wages so low that does not provide basic necessity of one person. Douglas and Wind (1987) suggested that a careful analysis of the forces driving towards globalisation and the obstacles to this approach will help the company to assess where the most attractive opportunities and the companys differential advantage in exploiting these, appear to lie based on the strengths and weaknesses. Keeping that in mind, Nike has answered all these questions time to time with new strategies and cleared all the issues and moved efficiently to correct them. Nike has handled the negative publicity over the sweatshops very expeditiously. Nike came in front and took this social responsibility to make a code of conduct to improve the working condition and to improve the conditions of workers and it has amended it time to time. It was advantageous for Nike as well as it remains in the news and gave the publicity to Nike in a way. As Levitt (1983) said a global producers patronage expands exponentially, when he offers his low cost internationally. Levitt suggested that customers with local preferences are also attracted towards the lesser prices offered by global producers. So, it can be said that the strategy of standardisation does not only responds to the worldwide homogenised markets but also expands markets with aggressive lower pricing. Therefore, to establish good public relations Nike took some more steps. It commissioned Ernst Young, an independent organisation to audit its subcontractors overseas factories (Rourke, 2000). When four Indonesian subcontractors are refused to abide by the companys standard for wage levels and working condition, Nike terminated its relationship with them. Stout (1997) argued that this made a positive image of Nike in media and enhanced its public image in Asian countries. Later, Nike adopted a standard according to which a person with 17 years of age or more can work and workers have to prove their age by submitting 3 documents certifying their age (Lee, 2000). Hill (2009) suggests when a company expand itself globally it also consider its consumers benefits, consumers must be served with high quality and low priced products. Some consumers however, prefer those products which caused less harm to others or which are produced in their own country and this is called ethical factor. Consumers can get the best combination of price, quality and ethical factors if provided by relevant information. And Nike consumers get all the benefits from paying low wages to Asian workers. Levitt (1983) suggested that low price regardless of feature preferences and heavy promotion regardless of price, always attracts and influence customers. Macro- Environmental factors Now, PESTLE framework will help us to analyse the macro- environmental factors affecting Nikes international marketing strategies and its business performance. Firstly, the government action certainly will have a great influence. Being a sportswear industry Nike is highly labour intensive and majority of manufacturing is held in low wage countries. As Nike is operating in 4 different continents, the government legislations will be different for different countries. Nike should strictly follow the rules such as minimum wage and child labour; it will make Nike a more socially responsible organisation. A great impact on market strategy will be done by environmental factors. So, Nike should consider in which market to sell, how to reduce pollution and ensure fair terms of trade which are observed by suppliers. A key to implement international strategy could be the demographics and socio-cultural influences. In 2000, in the western economies a great issue of ageing affected the buyers choice as it could lead to change the demand from sportswear to comfort wear shoes. Now-a-days, growing health awareness will result in the demand of sports and fitness commodities (Moore, 2003). Another factor affecting marketing strategy could be the technology, which is improving everyday and never predictable. For marketing and selling Nike is already using Internet web mode, any future marketing strategy should consider telecommunications and information technology advancements as they can go on twitter, face book as these websites are mostly accessed by youngsters which could be the fan of Nike. Finally, if Nike wants to think about some acquisitions or merger, it should take into account the investigation by Competition Commission which could block its activities taking into consideration the government policies. Because as Duguid (2005) suggests that such kind of business acquisition will be against interest of consumers and can lead to monopoly. Nike should not forget suppliers of raw materials like rubber, leather and cotton etc. because shortage of supply can play a big role in setting the pricing policies and applying the market strategies. Nike should establish good relations with suppliers because they can affect business strategies. As Nike operates its business globally, any strategy can have different implication on different culture so it should consider the adaptability, feasibility and suitability by the local people of that country. Competition and Recommendation: Nike faces direct competition from Umbro, Reebok, Puma, and Adidas, which are in a way, the rivals of Nike because they sell the same products and target the same customer groups. The current acquisition of Reebok by Adidas makes this competition more intense. The deal creates a much bigger Adidas a company of $12 billion against $14 billion of Nike. (Carr, 2005) However, both the brands Adidas and Reebok are very different in their culture; Reebok is more lifestyle brand than Adidas. Obviously, this deal will increase the amount of money spent on advertising from both the companies. But, in the past years, Nike succeeded because it didnt confuse its customers and even after acquisitions with skateboard it support its own brand and expand its parent reach without confusing customers. Karpin and Voola (2008) believe that consistency is the key aspect of brand management in the international context. Burghausen and Fan (2002) also supported him by arguing that consistency should not lead to complacency, and management should only make changes when a relevant opportunity is identified. Nike has the ability to influence a DIBC (Dynamic International Branding Capability) to shape the market opportunities around the brand. DIBC is the ability to manage the international branding process as a dynamic capability. So Nike should follow this strategy in future and try to remain dominant over its rivals through the marketing strategy. Nike has always come up with some innovative ideas. The differentiation strategy of Nike is quite competitive so Nike should ensure any international marketing strategy it applies should enhance its superior brand name. Implementation of brand differentiation strategy is allowed by Nikes brand name which is a tangible but important factor to ensure future success and maintain its current leadership and market share. Differentiation is one of the bases which allow Nike to gain competitive advantage. In general, Nike has used all the marketing campaigns possible in the past but it should consider the availability of resources in the different country. As Douglas and Wind (1987) suggested that one standardised strategy may be hampered due do the differences in the marketing infrastructure from one country to another. These may for example include differences in the availability and reach of various promotional media, in the availability of certain distribution channels, or retail institutions or in the existence and efficiency of the communication and transportation network. Such factors therefore may require considerable adaptation of strategy of local market conditions. The type of media available as well as their reach and effectiveness differ from country to country. For instance TV advertising, while a major medium in US, Japan and Australia, is not permitted in Scandinavian countries. Where TV advertising is permitted it may reach only a limited number of households, due to limited ownership of TVs as for example in South Africa, Nigeria or Indonesia. Similarly, in countries with high level of illiteracy the effectiveness of print media is severely limited. (Douglas and Wind, 1987) According to Levitt (1983), through supplying global markets Nike could achieve considerable economies of scale in production and marketing. He suggested that for high quality of products most of the people around the world are ready to compromise their preferences in product features, functions and design. Conclusion: Finally, Nike is a traditional product centric organisation but product was the end point of the consumer experience in past but, today it is the starting point. So, Nike should adopt a strategy to build customer relationship on a scale and scope as never before.

Women’s Influence in Medicine :: Essays Papers

Women’s Influence in Medicine There are many women who had huge influences in the advancement of heath and medicine. Many people don’t realize how much women do and how much they have contributed to the medical world and its advancements. From Lillian D. Wald, who worked with the less fortunate and children in schools, to Virginia Apgar, who worked with mothers and their newborns and also came up with the â€Å"Apgar Score,† and Eku Esu-Williams who is an immunologist and an AIDS Educator. Even though women did so much, many people were sexist and didn’t want to acknowledge what they did or give them the chance to do things, such as become doctors. I want to inform people on how much these women have contributed to the world of healthcare and medicine so that people won’t be so sexist towards women. There are too many times that the nurses are taken for granted as a part of the school system. In the late 1800’s and early 1900’s, the school nurse was completely unknown, even though diphtheria, measles, scarlet fever, chickenpox, and many other eye and skin conditions affected thousands of school children, and not to mention all of the injuries that could occur from day to day at school, in class or during recess. But, thanks to Lillian D. Wald and her visions, efforts, dreams, companions, and her hard work, the situation in most schools changed. In 1902, the school-nurse program began to succeed, and it was one of the very first steps in the development of the public-health nursing system in the United States. Lillian Wald was born in Cincinnati, Ohio, on March 10, 1867 into a cultured Jewish family. Both of her parents were immigrants, her mother was from Germany and her father was from Poland. The Walds’ moved from Cincinnati to New York where Lillian’s father, Max, dealt in optical wares in Rochester. She had the advantage of a very good education; not only did she know Latin, but she also spoke German and French as well as English. By the time she reached the age of 21, Lillian felt that she needed secure work because she didn’t have any plans for marriage. To try to fill the need she had felt, Lillian chose nursing. She enrolled into the New York Hospital Training School for Nurses, and after finishing the two-year program at the Nursing School in 1891, she took a position at the New York Juvenile Asylum. Women’s Influence in Medicine :: Essays Papers Women’s Influence in Medicine There are many women who had huge influences in the advancement of heath and medicine. Many people don’t realize how much women do and how much they have contributed to the medical world and its advancements. From Lillian D. Wald, who worked with the less fortunate and children in schools, to Virginia Apgar, who worked with mothers and their newborns and also came up with the â€Å"Apgar Score,† and Eku Esu-Williams who is an immunologist and an AIDS Educator. Even though women did so much, many people were sexist and didn’t want to acknowledge what they did or give them the chance to do things, such as become doctors. I want to inform people on how much these women have contributed to the world of healthcare and medicine so that people won’t be so sexist towards women. There are too many times that the nurses are taken for granted as a part of the school system. In the late 1800’s and early 1900’s, the school nurse was completely unknown, even though diphtheria, measles, scarlet fever, chickenpox, and many other eye and skin conditions affected thousands of school children, and not to mention all of the injuries that could occur from day to day at school, in class or during recess. But, thanks to Lillian D. Wald and her visions, efforts, dreams, companions, and her hard work, the situation in most schools changed. In 1902, the school-nurse program began to succeed, and it was one of the very first steps in the development of the public-health nursing system in the United States. Lillian Wald was born in Cincinnati, Ohio, on March 10, 1867 into a cultured Jewish family. Both of her parents were immigrants, her mother was from Germany and her father was from Poland. The Walds’ moved from Cincinnati to New York where Lillian’s father, Max, dealt in optical wares in Rochester. She had the advantage of a very good education; not only did she know Latin, but she also spoke German and French as well as English. By the time she reached the age of 21, Lillian felt that she needed secure work because she didn’t have any plans for marriage. To try to fill the need she had felt, Lillian chose nursing. She enrolled into the New York Hospital Training School for Nurses, and after finishing the two-year program at the Nursing School in 1891, she took a position at the New York Juvenile Asylum.

Connection between `Bartleby the Scrivener` and Wall Street

The main character, namely Bartleby has been portrayed by the author as a weird person who is also an outcast. He is an overwhelmingly dejected and friendless man, who seems absolutely not capable of finding work that will keep him happy. He does not even like living and life itself is very tiring for him.According to sources, the world in which the central character lives is that where a man works and earns till the time that he is dead. For a number of reasons he is considered an outcast. The person who he works for who remains unnamed in the story is a lawyer. He makes a number of attempts to connect with Bartleby but fails.In some way, he is able to have compassion for the eccentric scrivener, but he just cannot or will not help him. Since the beginning of the book, the explanation of Bartleby is arresting. He is portrayed as a person who has already faced death, and is portrayed just the way a person would explain a dead body or as one would illustrate a ghost. â€Å"Pale from indoors work, motionless, without any expression or evidence of human passion in him at all, he is a man already beaten. Even his famous statement of non-compliance, â€Å"I would prefer not to,† is an act of exhaustion rather than active defiance† (About Bartleby the Scrivener, 1999).Going on, the author mentions Bartleby’s fondness of staring at the wall in front of his office. Wall Street has been defined by the author as a lonely, gloomy landscape both totally not natural and hopelessly empty, which perhaps resembles the nature of Bartleby himself. As is said by the narrator of the story, Wall-street is a place that is deserted all the way through the day as well as the night. It is just empty. The building where he lives too, which of week-days bustles with business and life, at dusk echoes with utter vacancy, and the Sundays are just despondent.This is the place which is chosen by Bartleby as his home; solitary observer of a seclusion which he has seen all heavily populated—a genus of naive and malformed Marius menacing amid the carcass of â€Å"Carthage! I now recalled all the quiet mysteries which I had noted in the man. I remembered that he never spoke but to answer; that though at intervals he had considerable time to himself, yet I had never seen him reading—no, not even a newspaper; that for long periods he would stand looking out, at his pale window behind the screen, upon the dead brick wall† (Melville, 2004).Bartleby has created his own safe heaven at Wall Street. He lives there all the time, perhaps trying to ignore the world and its conformities at all costs. Without the defensive wall, Bartleby would have to face the world outside, and Wall Street saves him from meeting the expectations of the entire society and joining a world where he could survive only if he became what the society would have made him. He must either do the accepted thing or die. Since Bartleby cannot be conventional, he has no othe r choice but to die.As is said by reviewers, the character under consideration is perhaps the most secluded character ever seen in literature. The environment that he lives in has cut him off from nature as well as from other human beings. â€Å"By day, Bartleby's window stares at a wall. Wall Street is a bleak and unnatural landscape, and Bartleby also stays there at night, when the bustling human population vanishes and the streets become desolately empty† (About Bartleby the Scrivener, 1999). ConclusionIn the light of the above discussion we can hereby culminate that the connection between Bartleby and Wall Street is perhaps the loneliness and gloominess that they both share. Bibliography About Bartleby the Scrivener. (1999). Retrieved on December 19, 2006 from: http://www. gradesaver. com/classicnotes/titles/bartleby/about. html Bartleby the Scrivener. (2008). Retrieved on December 19, 2006 from: http://www. enotes. com/bartleby-scrivener Melville, Herman. (2004). Bartleb y the Scrivener: A story of Wall Street. United States of America. The Art of Novella. ISBN: 0974607800