All About Dream

How does the power of the human imagination influence artists and designers in producing fantastic, dreamlike creation? Have you ever imagined you slept in an ‘over-sized’ shirt, as a bed you usually sleep on? Have you ever dreamt about dressing into a hot air balloon or have you ever thought that you saw a strange thing in the world which was a fish but had a human body? People always think these kinds of thoughts are over the top, but this is all about fantasy, our dreams and human imagination. Designers are able to create fascinating work; artists are able to construct gorgeous creations, because of the human imagination. In 1940 Dali summed up his aspiration to create objects, ‘I try to create fantastic things, magical things and things like a dream. The world needs more fantasy. Our civilization is too mechanical. ’ I will never forget his words, especially when he said, ‘We can make the fantastic real and then it is more real than that which actually exists. ’ I agree with him. I think the world needs more fantasy. People seem to forget how to dream and what dreams are. They are too sensible now. In my personal study, I would like to look at how the power of the human imagination influences artists and designers in their creations. I will first of all look at the surrealism movement which first appeared in Paris in 1924. In Oxford Intermediate Learner’s Dictionary, ‘surreal’ is an adjective which means images mixed together in a strange way like in a dream. In art, it is an expression of eccentric thoughts of the subconscious mind. Surrealist artists always create something which people think are nonsense, because their creation is influenced by their imagination and it is something that comes from dreams. There were lots of famous artists who came from the surrealism movement; Rene Magritte is one of the popular artists within this movement. Unlike other surrealist artists’ work, of rich and complex layers, Magritte’s works are straight forward and accessible. In â€Å"Magritte† written by Richard Calvocoressi, he described the way Magritte’s style was concentrated on the relation between the image of an object and object itself. I am totally in agreement with him. In addition, I have chosen to look at The Listening Room by Magritte. This is an example of the relation between the object and another object, by reducing the size of the room and enlarging the size of the apple. Magritte had tried to provoke a reaction from the audience. I found this picture especially interesting, because it clearly demonstrates how the artist uses his imagination and sub conscious to express his ideas. In 1956, Magritte wrote, ‘For me the conception of a picture is an idea of one thing or several things that can become visible through my painting. ’ I think Magritte means that his paintings are a means of expressing his ideas and his imagination. In The Listening Room which has a gigantic apple in its tiny room is one of the examples of Magritte’s variation of the objects scale. The apple is depicted realistically but the fact that it is so large within the room is very disconcerting. We cannot tell whether the apple is too big or the room is undersized. In his book Richard Calvocoressi has interpreted the painting as â€Å"a feeling of claustrophobia, of near panic,† this is generated by the sight of the objects, â€Å"behaving irrationally or adopting human characteristics. † I strongly agree with his idea that the painting makes you feel breathless in the room which makes the audience have a deep impression. In ‘VOGUE’ April 2006, there was an article with a surreal photograph which linked in the topic of ‘Small space, Big Idea’. The idea of the picture is basically same as ‘The listening room’. A model suffered in an unfitted room which is as big as she is. It seems that the model is a giant, otherwise is a model come to a draft house. When I first look at this picture, a feel of claustrophobia and uncomfortable were came into my mind. The picture had just gave a very deep impression to the audience. Magritte has written that, ‘The only thing that engages me is the mystery world. I think this means that he likes to challenge his audience with a sense of unusual and the strange. Calvocoressi went on to say ‘these ideas were in the nature of speculation on the world. ’ I think that by this he means that surrealist artists were challenging their audience to look at the world in a different ways, and try to introduce the world of fan tasy. Magritte is also successfully bringing surreal fantasy into our daily life. Just like Magritte, Salvador Dali is another famous surrealist. He had and enormous impact on twentieth-century painting. He based all his work on the human imagination and sub conscious. I found ‘Three Young Surrealistic Women Holding in Their Arms the Skins of An Orchestra' which is painted in 1936 is particularly interested me, because the image in the objects in the painting are strange and behaving in a strange way. In his seminal essay ‘The conquest of the Irrational'(1935), Dali has described his quest, ‘My whole ambition in painting manifest the images of concrete irrationality in terms of authoritative precision†¦images which for the moment can neither be explained nor reduced by logical systems or rational approaches. I think Dali means he is trying to show irrational images using a visual language. Therefore his fantasy world could actually come ‘alive'. This is another great example of Dali's variation of objects melting. It shows three shapely but mysteries women who are standing on a sandy place, holding fluid instruments which seem to be slide away from them. The colour of the piano is sandy colour which is confusing as to whether the piano is made of sand or not. The women are portrayed with heads of flowers, which adds a calming and serene effect to the painting. In Dalinian symbolism the heads of flowers represent the sexuality of the woman. In the background, we have a landscape of Catalonia, the rocky crags that line the Mediterranean Sea near Port Lligat and Cape Creus. Behind the woman who is holding the piano skin, there seem to be a reflection of the rocky crag, but because of the colour of the ground, we cannot tell whether there is the sea or not. It seem to me they are inside a very quiet place, which I believe is the colour effect, because the major colour of the picture is white, which represent innocence, purity and virginity. In 1938, Elsa Schiaparelli interprets images from three Dali’s painting of 1936, which are Necrophiliac Springtime, The Dream Place Its Hand On Man’s Shoulder and Three Young Surrealist Women Holding in Their Arms The Skins of An Orchestra. She create a real dress taking the idea out of those three painting. ‘The real dress (like the dream dress in the paintings) dissolves the boundary between clothing and body. ’ In Surreal Things by Glislaine Wood. The dress is like the garment wear in the painting Three Young Surrealist Women Holding in Their Arms The Skins of An Orchestra, Schiaparelli may use a flimsy fabric with a next to the skin cutting to bring the woman in the painting into the live. The pattern on the fabric designed by Salvador Dali, which is ‘printed with the illusion of torn animal skin’, suit in the painting, where the women are wearing a torn white dress. Another accompanying with the garment is the veil which ‘appliqued with fabric that adds a third dimension to the illusionary tears. The collection finale has featured a traditional wedding dress but twisted in the surreal way, which again synthesized human imagination as well as surrealist’s dream and bring it into the daily life. ‘Schiaparelli’s designs often lost their Surrealist references when the original model copied by department-store couture salons or by manufacturer who adapted them for the mass market. ’ B y Glislaine Wood. When surrealism’s designs faced the population, they often lose some of their colours. We are still in a realistic world; instead of a dreamland create by ourselves. We still need to be more realistic about the fashion we wear in our daily life. Although that is the fact, human imagination is affecting our daily life. In the way, I have chosen to look at Viktor & Rolf ‘s collection in Fall Winter 2005, because they had put their imagination into the real life, every garment in this collection are fantasy creation. They had been inspired everything by bed, and able to convert this idea to a wearable collection. Viktor & Rolf dreamed up a surreal idea, ‘Why not go to work in your bed? ‘(written by Sarah Mower in style. com). It had make me queries about this idea. Firstly, we will never go to work in our bed, also how can this dreamlike idea come to realistic; secondly, how can it link to their collection. As soon as I looked at the collection, my queries had all been answered. The first model had come down on runway with her hair spread over on a lace-edged cotton pillow as a ‘collar', with neatly folded over sheet as her coat. On my personal view, she looked like a sleeping beauty and dressed into a sleeping bed. In fact, ‘Viktor & Rolf don't allow surrealist antics to block the view of their increasingly accomplished way with smartly normal cloth'(written by Sarah Mower in style. om). After the sleeping beauties, they had a second part of the collection. The most eye catching garment was a white lacing edges with a great contribution of folded fronts. The garment has show the exaggeration a normal white shirt created by human imagination. The garment was a very simple design but after twisted by imagination of the design, it bec ame a dreamlike fantasy. The Viktor & Rolf Fall Winter 2005/06 collection had show a series of surrealistic ideas, the power of human imagination had influenced Viktor & Rolf's creation. By having simple daily object, bedspread needlework, the idea had been turned into a array of skirts, jackets and pant. The result is they had made up a dreamy night. ‘In many ways, Surrealism carried the seeds of its own commercialization. ’ By Glislaine Wood. Surrealism has influenced lots of craft work and design, especially fashion design. ‘Fashion design has long had a huge admiration for this movement and many of our leading designers will admit to be influenced by it. ’ By Alexandra Shulman. Surrealism had inspired lots of fashion designers’ works, especially for the haute couture. A sense of exaggeration needed to provoke the audience in haute couture fashion show. The Haute Couture in Christian Dior by John Galliano will be a great representation. John Galliano has a little reformation on 22nd of January, 2007 with glamorous, recreated the traditional Japanese art in his extraordinary style, transferred these ideas on to fabric and created a speechless fashion show for Christian Dior haute couture spring 2007. Everything about this collection is inspired, John Galliano said,† by Pinkerton's affair with Cio-Cio San, Madame Butterfly† With regard to this nspiration, every models in this collection has given a ‘fully painted, red lips and full Kabuki style make up' ( Camilla Morton, elle. com) The make up are obviously overstate, but the clothes do not make the audience be disappointed as well. The first exited model shown a bright pink formal jacket with an enlarged origami collar and pockets, decorated with beading and embroidery; the other m odel came to the stage with a big lily origami laid over on her shoulder, the fabric used for the lily look like a traditional Japanese origami paper. On my personal view, she looked like a flower fairy dance on the stage. The surprise will never ended in Galliano's creation. A bright green kimono-like jacket, with a exaggerated large gathered sleeve and very traditional Japanese pattern, underneath this gorgeous jacket, we have a sleeveless, long shaped yellow dress with the same pattern on the jacket. This garment was really stand out because of the colour. This collection ‘reconfirmed his unique talent to evoke beauty, sensitivity, narrative, and emotion in fashion show' (written by Sarah Mower in style. om) These garments to the population are over-the-top, but they are coming from human imagination, they are dreamlike creature, the most important point is they are not just a art pieces but wearable. Although the collection has a theme of Japanese costume, but it is different from the original. They are full of imagination and dreamlike creature, this make Sarah Mower in style. com think, ‘What psychological process did it take to lift John Galliano to the extraordinary place of brilliance he reached–or rediscovered–in his spring couture? From the stage set decorated with cherry blossoms, to the garments themselves, everything is surreal and has been exaggerated. The Japanese art of paper folding has been used in fabric and give the garment an extra decoration. Everything is like a dream in this fashion, something different and something new has explored by John Galliano. Using a culture as a theme does not mean changing something on the traditional clothing, but by research the art of culture and putting them into the design are always important. ‘The world needs more fantasy. Our civilization is too mechanical. ’ By Salvador Dali in 1940. I believed in what he had said, I thought our world is too reasonable and sensible. Those realist think the people have dream are having a airy-fairy mind. For those dreams which can not become true, the realist using their realistic mind thinks we are just a dreamer, no contribution, nonsense and desk studying. However they have never recognized how important dream and human imagination is, without those unrestrained and vigorous idea, we cannot progress and penetrate more. Nowadays the society is too realistic, we have so many rule to constraint ourselves, therefore we need dreams and imagination to break through those inappropriate rules. We can make the fantastic real and then it is more real than that which actually exists’ By Salvador Dali. This world should be a unconstraint world, people are realistic, because we live in a commercial world, everything is particulars in their own values. No one would like to pay more; this is how our society becomes self-concerned world . If we can imagine more, create more and pay more attention to the surrounding, and try to be less realistic than before, we can produce the real fantasy and it will be ‘more real than that which actually exists. ’

Microeconomics: concepts, analysis, and applications Essay

Southwest Airlines is an organization in the Airline industry and it has remained to be a competitive leader in this industry since its inception. It is the America’s largest low-fare carrier and domestically it serves huge number of customers than any other Airline. This organization operates more than three thousand flights daily. Southwest Airlines operate under an environment with intense competition; however, its marketing strategy has helped the organization to have a competitive advantage over its competitors. In all southwest Airline marketing communications, it positions itself in America as the only short-haul, low-fare, point-to-point, high frequency carrier that is fun to fly. Once the organization enters into a particular market the following changes are experienced; economic mini-boom occurs, tourist traffic increases and air fares go down. Airline industry is highly volatile, however southwest airline has remained relevant in the industry and also profitable eve ry year meaning that it has been profitable for a period of 31 years. For most of year 2000, the organizations 9 billion dollars market capitalization is more than the combined market capitalization of every other Airline in United States. Southwest airline market strategy has ensured cost efficiency thus increasing the profit margins for the organization. Some of the most marketing strategies adapted by this organization include: using smaller airports which are less congested thus saving time, flying one type of aircraft only, and eliminating seating assignments and meal service. Even though southwest airline has been using these same marketing strategies, no other airline has been able to clone southwest’s success productively (Freiberg & Freiberg, 1996). In order to secure its market position successfully, southwest airline has been forced to be extremely cost-efficient. In this regard, southwest has designed a business model which uses short-hauls, single aircraft type, hub -and -spoke versus point-to-point, secondary airports all aimed at reducing the costs. Most organizations in the airline market utilize information technology like a platform aimed at sharing information from a given unit of business to another. However, southwest airline upholds a different approach. Southwest has strengthened the on-site operations agents’ roles who are entrusted with the responsibility to turn around every flight of southwest as fast as possible. In the airline market the operations agents have a responsibility for handling 3 to 5 flights at any one time but southwest strategy ensures that their operations agents are responsible in handling one flight turnaround. Southwest has established a culture where even pilots are willing to assis t in loading luggage so as to help in getting away in time thus saving time. This demonstrates flexible job boundaries existing throughout the whole organization where any individual is very ready to pitch in wherever needed (Lauer, 2010). Avoiding delays is the key to profitably running an Airline with turning around the planes. In the airline industry market, in a case where a delay is experienced in the airline market, they try assessing whether this was as a result of led by the ramp agents, baggage handlers, refuellers or any other functional department. However in Southwest airline delays are recoded to be team delays. Through being less precise concerning the delay cause and assessing performance through metrics which matter to the consumers. In this regard southwest focus more on learning ways of avoiding a repeat of such instances in the future compared to accountability. Airline industry in United States has experienced high price in regard to intra-Texas air travel and southwest was envisioned and was able to respond to this issue through coming up with the suitable solutions. Southwest provides a travel product which is in built around flights which are targeted to particular ticket pricing and demographics that is simplified in order for the passengers to realize what they actually getting for their money paid. Before the entry of southwest Airline into the airline market, passengers and business travelers were used to be pampered, paid full price however in the end they ended up being disappointed. Southwest strategies usually gave insomnia to other normal executives from the Airline industry. Southwest strategy shows an organization which is very unusual and very devoted towards their consumers and employees (Lauer, 2010). A niche exists in the Airline market where southwest Airline has extensive potential of future growth. Southwest has been built on foundation of strategic management. This strategy has helped this organization in taking it into a new level of superiority and expanding of the airline’s market. Therefore southwest possess an agg ressive strategy, planned to be a constant success (Lauer, 2010). There are definitive and clear boundaries between employees working in diverse functional areas in most Airlines. Most workers are able to interact well with their fellow peers however ignore those others who are below them in the organization hierarchy. In cases where there are delays employees tend to blame those who are lower in hierarchy than them for the delay. However, in south west they have created a culture where all employees treat others with respect despite of their levels in the organizational hierarchy (Lovelock, 1992). All employees acknowledge the distinct responsibilities played in keeping planes flying by different functional departments. Therefore everyone’s contribution to the organization contributes to the success of the organization and thus every individual is respected and acknowledged. This respect by all employees of the organization helps in appreciating the contribution of one another to the organization and there is a tendency to act productively in achieving the larger organizational goals (Bahreini & Willis, 1988). Southwest Airlines has utilized the following ten relationships in generating extraordinary performance; investing in front-line leaders, outstanding business relationship, hiring and training for relationship excellence, using conflicts in building relationships, using broad performance metrics, bridge work-family divide, creating the positions which span boundaries, partnering with the unions, build the supplier relationships, highly flexible job descriptions and using highly flexible job descriptions. These all ten organizational relationships are exceedingly complementally; however they only generate benefits when they are all utilized and implemented. In this regard these relationships work in unison and not in isolation. Substantial benefits of these relationships can be realized only all ten are present. This in turn realizes both negative effects and positive effects. The negative effects will be that it will necessitate making various changes on many fronts concurrently to a ttain it. On the other hand, the positive effects are that an organization which follows lead of southwest airline company and establish strong organizational relationships can accomplish great success. However, the outcomes of using the ten relationships as in the case of southwest can be both long lasting and impressive. Therefore, any company can improve efficiency and quality of its performance through adapting these relationships to its own specific needs (Tadajewski & Brownlie, 2008). Leadership in southwest Airlines is a distribute process. Senior management team is popular in the public arena however most of the actual work is performed by the supervisors who with frontline employees on a daily basis. Southwest Airline in reality has more supervisors per frontline worker compared other all other Airlines, and the organization succeeds at training these supervisors in providing leadership on issues occurring on daily basis. Supervisors in Southwest present the bulk of the organization’s counseling and coaching. Southwest also makes a conscious and deliberate effort of hiring employees who are excellent in working as a team (Lauer, 2010). This organization also endeavors at enhancing team building skills through offering their employees training for relational competence. In other organizations, there is an attempt of retaining and attracting high performers, but southwest instead of hiring the elites it gives high priority while hiring to those individuals who are capable of integrating with other team members smoothly. Therefore, this organization recruits individuals who uphold right attitudes and then offer them with the necessary experience and skills they require to succeed. Southwest has distinct labor relations and this has helped to eliminate occurrences of employees strikes in the organization. An Airline industry is an oligopolistic market where every seller supplies a huge portion of entire products which are sold in the marketplace. Since the cost of setting up a business is normally very high the number of the organizations entering in this market is usually low. Organizations in this market are able to control over the prices that they charge. Therefore, when one organization offers fair prices than others, then its competitors also usually introduces similar promotions. Southwest has been facing excess competition from other airlines however through exemplary marketing strategies an Airline that paying for jet fuel using a personal credit card and borrowing tools has grown to be a record-breaking profitable Airline company. Southwest was one of the factors that led to end of the airline industry regulation, therefore getting rid of the barriers facing those entering the industry and also encouraging competition. Southwest was primarily responsible for keeping, Love, midway and Hobby airports open (Stone, 1980). Southwest is still the leader in the airline industry and it is a no-frills carrier. In this regard, this Airline offers no reserved seats, no catering and no first-class. The primary goal of this organization is making air travel affordable to those individuals who could not afford it previously and not profit maximization. Southwest makes profit on average if only the last five seats on a plane are filled. This Airline as a regional carrier is unique. Southwest is popular among the passengers since they carry their customers’ non-stop from point A to point B. southwest provides no interline connections with the other airlines, except for Icelandic Air connections. This helps in wise use of time since airplanes are not delayed by ticket counter lines or connecting travelers. Their strategies have also helped in reducing the unemployment rates in United States. This is because in a case where an airplane spends exceedingly twenty minutes at the gate this will increase the loca l rates of unemployment (Pride & Ferrell, 1995). In conclusion, southwest employs marketing strategies which helps in ensuring that the organization is the most popular among the passengers. The southwest also has a culture of respecting all their stakeholders despite their hierarchy or role in the organization. All southwest employees’ works as a team and they are very motivated which improves their job satisfaction and productivity in the organization. All these marketing strategies highly contribute towards the success of southwest Airline Company. References Bahreini, M. H., & Willis, J. F. (1988). Microeconomics: concepts, analysis, and applications. Redding, Calif.: CAT Pub. Co.. Freiberg, K., & Freiberg, J. (1996). Nuts!: Southwest Airlines’ crazy recipe for business and personal success. Austin, Tex.: Bard Books. Lauer, C. (2010). Southwest Airlines. Santa Barbara, Calif.: Greenwood. Lovelock, C. H. (1992). Managing services: marketing, operations, and human resources (2nd ed.). Englewood Cliffs, N.J.: Prentice Hall. Pride, W. M., & Ferrell, O. C. (1995). Marketing: concepts and strategies (9th ed.). Boston: Houghton Mifflin. Stone, M. (1980). Marketing and economics. New York: St. Martin’s Press. Tadajewski, M., & Brownlie, D. T. (2008). Critical marketing: contemporary issues in marketing. Chichester, UK: Wiley. Source document

The Impact of Inflation on Capital Budgeting and Working Capital

A major impact on both financial theory and the practice of financial decision making has been the economic instability, especially in prices, evidenced in the U. S. economy since the mid 1960’s. Inflation in the past few years has not been a major macro economic problem, but its spectere, as demonstrated by the Fed’s recent increases in interest rates, is never for the agendas of financial decision makers. Macro economic instability has necessitated that expectations about the future rate of inflation be taken into consideration in making decision(s) about which capital projects will be undertaken by a firm. Nominal cash flows determine its degree of profitability. However, in making the capital budgeting decision both real and nominal concepts must be considered. The purpose of this paper is to continue the discussion of the role of inflation in capital budgeting, and to focus on the individual components of the process to draw specific conclusions with respect to the interaction between the cost of capital, inflation, and the cash flow variables within a DCF – IRR framework. Much research has been published examining the impact of inflation on the capital budgeting decision making process, and, although inflation is not currently a serious problem, bitter lessons from the 1975-1985 period of rapid price increases, coupled with the potential of future inflation, argue for continued research in this field. In a famous article, Rappaport and Taggart [14] examined various methods for incorporating the effect of inflation into capital budgeting. They provided an analysis which showed the differential impact of using a gross profit per unit approach, a nominal cash flow approach (where individual forecasts are incorporated into each component of cash flow) and a real cash flow approach in which a general price deflator is used to deflate nominal cash flows. In another early article dealing with the subject, Van Horne [16] showed that to be consistent, inflation in forecasting cash flows must also be reflected in a discount rate containing inflation; that is, a bias was introduced if nominal cash flows were discounted at the real and not nominal cost of capital. Cooley, Roenfeldt and Chew revealed the mechanics by which inflation adjustments can be incorporated into the capital budgeting process [6]. At the same time, Nelson [12] demonstrated the theoretical impact of inflation on capital budgeting and showed how inflation would shift the entire NPV schedule of a capital budget downward for a set or projects. Bailey and Jensen [1] have analyzed how price level adjustments affect the process in detail and specifically how various price level adjustments might change the ranking of projects. Rappaport and Taggart attempt to combine the simplicity of a gross profit per unit methodology of adjusting for inflation with the more realistic nominal case flow and real cash flow approaches. A gross profit per unit focus on Revenues – Cost of Sales divided by units, and can treat inflation by simply inflating this gross profit per unit as opposed to measuring inflation for both revenues and cost of sales. This is done by making the simplifying assumption that gross margin as a percent of sales is constant over time, [14, p. 2] which they point out is the same as assuming that EBIT is a constant percentage of sales over time, or that revenues and costs increase at the same rate. In this paper we examine a number of issues raised by Rappaport and Taggart in the area of inflation and capital spending. Specifically, we will analyze the following areas: 1. What is the relationship between the cost of capital and inflation? 2. What is the relationship between inflation in the ag gregate and the price a firm places on its specific product that results from a capital budgeting decision? Assuming costs rise at the aggregate or average rate of inflation, what can we say about expectations of the price of output of the firm? 3. What role do depreciable and non-depreciable assets play in the interaction of the variables? How does the presence of plant and equipment as a depreciable asset and the presence of net working capital as a nondepreciable asset impact on the role of inflation in the capital budgeting process?

Tangible and Intangible Assets Research Paper Example | Topics and Well Written Essays - 1750 words

Tangible and Intangible Assets - Research Paper Example Intangible assets cannot be seen or felt that is they are non-physical in nature and they are usually non-monetary. Intangible assets are basically the long term resources of the given firm, usually the legal rights of the firm including patents, trademarks, goodwill and copyrights. Intangible assets cannot be destroyed by fires or other tragedies and they usually add value to the company’s financial worth. Tangible assets are physical and identifiable and can be seen and touched. Since businesses are different they also have different tangible assets depending on their type of business. A company’s financial worth is determined by the amount of tangible assets that it has in its possession. Tangible assets can further be categorized into current and fixed assets. Current assets consist of assets that can be easily converted to cash/liquidated. An example is the firm’s bank accounts and its inventory (Hoffman, 2012). Fixed assets are not easily liquidatable and most generally depreciate with time except land. Fixed assets are usually used up in the production process and they may include machinery, equipments, vehicles, land and buildings. Financial recording of tangible and intangible assets is usually done differently, with the tangible assets further divided into current and fixed assets. ... Current Assets A company has these assets on hand and easily available. Companies can easily liquidate these assets. Current tangible assets would include inventory and bank accounts that a company or a business has. Fixed Assets These kinds of assets are exactly the opposite of the current assets. Fixed assets are depreciated over time and they are not easy to liquidate compared to current assets. Fixed tangible assets would include land, building, furnishings, art, historical treasure, and equipment. Tangible Assets Tangible assets have a physical form and can be seen and felt. As discussed above there are two types of tangible assets current and fixed. Current assets can be easily liquidated and converted to cash. They can also be used as collateral for the company to acquire loans. Current assets also have a shorter lifespan and are utilized in the daily operations of the company. Inventory or the stock falls under the current tangible assets and it usually has a life span of les s than a year. A company’s inventory basically is the products it produces to sale or the goods it distributes at a profit (Capital Fixed Asset Guide, 2013). The inventory is recorded daily, weekly or monthly in the company’s balance sheet. To record the inventory as well as other current assets they allocate the expense of the asset to the year the business purchased the asset. Another type of current asset is the business bank account, and it is recorded in the same way as the inventory in the balance sheet. Fixed assets are recorded differently since they have a longer lifespan of more than a year. They are usually purchased to be used for a long time in the firm’s production process. Examples of fixed assets are buildings, land, equipments, machinery and company

Globalization Essay Example | Topics and Well Written Essays - 500 words - 4

Globalization - Essay Example Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. (Website: http://www.globalization101.org/What_is_Globalization.html Globalization makes use of modern technological advancements and also focuses on the quick transfer of technology, to keep with the changing world. Therefore, Globalization is a phenomenon that charges towards progress and engulfs the whole world, in this process. The development in technology has led to the process of Cloning and other artificial forms of life. Today, we have hybrid varieties of fruits and vegetables being imported from various parts of the world; which truly symbolises globalization.

Discuss the activity in the laboratory that are designed to assure Assignment

Discuss the activity in the laboratory that are designed to assure Quality (Collection of specimen - Reporting ) - Assignment Example It is also important to collect the specimen with sterile instruments while preventing the specimen from coming into contact with any disinfectants (Stokes & Ridgeway 1980, p10). These precautions prevent the specimen from becoming contaminated while avoiding killing off any pathogens in the specimen. Lastly, there are specific procedures to be followed depending on the type of specimen being collected. Proper collection of specimens ensures that laboratory testing is accurate and safe. Once a specimen reaches the laboratory, thorough records must be kept for quality assurance and accuracy. It is especially important that care "should be taken to prevent reporting results on the wrong specimen and transposing digits in reporting quantitative data" (Kumari & Bhatia 2003, p160). The records must be detailed enough to determine any possible sources of error during testing. Keeping detailed and accurate records is essential for quality

Interpersonal Communication Assignment Example | Topics and Well Written Essays - 250 words

Interpersonal Communication - Assignment Example Practice makes perfect, doesn’t it? The seven challenges are listening carefully and more responsively; explaining conversational intent and tactful invitation of consent; clear and complete expression of oneself; translation of complaints and criticism into specific request and giving explanation to these requests; asking questions open ended and in a creative manner; expression of appreciation; and incorporating continuous learning approach to living (Conrad, 2014). This paper seeks to lay emphasis on the art of listening more carefully and responsively. A common resonance of late suggests that people should listen twice as much as they talk. Well, this demonstrates the realization of incorporating good listening skills in a conversation. Before expressing yourself, it is prudent to listen to other people’s views and opinions and understand their feelings too. Their views may contradict you opinion but acknowledging and approving or agreeing does not necessarily mean you are contented with them (Conrad,

Weapons, Personal Protection and Use of Force Essay

Weapons, Personal Protection and Use of Force - Essay Example Heller, in the year 2008, the Supreme Court of US held that the second amendment empowers a person to have a gun for personal use. It allows individuals to keep loaded gun for personal safety and security. In the case of McDonald v Chicago in the year 2010, the Supreme Court admitted the rights of states and the federal government (Gutmacher, 2006). Weaponry Laws of the US In the United States of America the sale, purchase and possession of firearms and their use come under the purview Weapons laws. State laws of each state differ from each other and are not dependent on federal firearms laws. However, sometimes they are wide and sometimes they are narrow in terms of its scope. Take the example of some of the states which have put ban on assault weapon which are similar in nature of federal assault weapons bans. There are 44 States wherein state constitutions are identical to the Second Amendment of the U.S. Constitution. The names of those states are California, Iowa, Maryland, Minn esota, New Jersey, and New York. The statutory civil rights of the New York are similar to the Second Amendment of the US Constitution. In the McDonald v Chicago it was held by the Supreme Court that the protections of the Second Amendment are applicable against state governments (Lott, 2010). The owners of the fire arms are to abide by the laws of state where they live in. It has nothing to do with their place of temporary or permanent residence. The weaponry laws vary from state to state. The State of Florida allows an individual to carry concealed weapons and firearms. In many states, an individual is not allowed to carry out firearms therefore, it is necessary to check the state laws of weapons where one intends to visit (Lott, 2010). In so many states of US, firearms laws are restrictive and have no comparison with federal firearms laws. However, the state and local police are not legally bound to comply with federal weaponry laws (Lott, 2010). Personal Protection Eligibility C riteria In order to possess firearms for personal safety and security, the US citizen has to meet the following requirement (Eligibility Requirements for a License to Carry Firearms): legal resident 21 years of age No outstanding warrant No current restraining order / suspension / surrender order No confinement for drug addiction or for use of alcoholism. In case of cured for addiction / alcoholism, submit registered physician certificate No confinement to hospital for mental illness. On rehabilitation, an individual has to submit a certificate from registered physician that now he or she is fit for use of firearms in his or her self defense Permanent disqualifiers are those offenses who are punishable for more than 2 years of imprisonment. Personal protection as per US law is a complex right. On the one hand, it gives honors to the inherent rights of a citizen to keep and use firearms for personal safety and security. The provision of firearms to each and every citizen has shaken t he faith and confidence of the citizens in the rule of law. The issuance of firearms license means that the states or federal government absolved from its first and foremost responsibility to maintain law and order in their administrative jurisdiction. By virtue of given right, one can take his or her revenge from any other person or to intimidate someone with the use of firearms to settle his or her score (Mauser, 1996). However, use of firearms for personal protection can be differentiated from all other reasons of using firearms. Personal protect

The role of radiological imaging in the diagnosis of a child with Essay

The role of radiological imaging in the diagnosis of a child with abdominal pain - Essay Example In children, one of the most common symptoms is abdominal pain. Many parents attest that their children would always complain of some tummy aches. In many cases, these episodes are known to be insignificant. Many children would have various thresholds of tolerating pain3. On the other hand, the parents would have a variation in their threshold of the appropriate time of bringing their child to the hospital. The paediatric and paediatricians rooms of emergency are always full of parents in need of attention from the doctors. In this case, the physician need to decide the patients who warranty for more work up with imaging and the type of patients who require the referral to the paediatric surgeon.4 The surgeons need to decide the types of patients that warranty the interventions of the surgeon and the patients who need medical observation or management. Even though the presentation in a child with abdominal pain may be common, all the individual children would give unique challenges t o the involved physicians. The abdominal pain pathophysiology is complex. The abdominal organ stimuli together with the gastrointestinal tract, move through the sympathetic nerves towards the ganglia of the thorax and the spinal cord. The shown stimuli have been reported to be poorly localized. The pain coming from the visceral glands is equally poorly localized, and is always believed to be the midline that is linked with the secondary autonomic effects like vomiting, nausea and pallor. In many cases, the many pain location may characterize the organ that is affected. The Epigastric pain comes from duodenum, stomach, pancreas, biliary system, or liver. Periumblical pain, comes from the small intestine. The infraumblical pain, on the other hand comes from the rectum and colon, ovaries and uterus, kidneys and bladder. The ovarian and renal pain is always located laterally to the side that is affected.

The principal powers available to the courts in England & Wales in Essay

The principal powers available to the courts in England & Wales in connection with statutory interpretation - Essay Example The literal rule means that the words in the statue are given their ordinary and natural meaning .I t is supposed that if some extraordinary meaning was to be given to a particular word, the lawmakers would have specified it in the statue and if they have not; then the ordinary meaning of the word should be followed. The 18th and 19th century saw a trend towards the strict implementation of the literal rule for the statutory interpretation. This was the era in which the supremacy of the Parliament had been established and courts were reluctant to give any other meaning to law other than the one which had been explicitly stated by the parliamentarians. In the Sussex Peerage Case of 1844 the court made the observation that if the words of the statue are precise and unambiguous; then the courts do not need to interpret them in any other way or take a broad view of the words used in the statue. The court observed in the above-mentioned case that the words of the parliament give the best indication of the intention of framing the statue, no further exploration of the intent is required by the courts of law.1 The literal rule has been hailed by many jurists as well as the law commission. This rule is said to have encouraged precision in drafting of the statues. It also ensures that law making remains the preserve of the elected representatives of the people and the courts are not able to give a new direction or definition to the law. The judge it is argues should not be given the flexibility to take a broad view of the law as it is not their function to make laws. However the law commission of 1969 was critical of the courts for relying too heavily on the literal rule2. The commission observed that there are many limitations of language which should not become the ground for denial of justice. The judges will be abdicating their responsibilities if they were to give more weight age to the words rather than to the intent with which the law has been framed. The Golden Rule If after applying the literal rule of statutory interpretation the courts arrive at a result which is absurd or arbitrary, the courts can substitute a new meaning in place of the absurd result. This is called as the Golden rule of the statutory interpretation. The Golden rule of the statutory interpretation ensures that the intent of the law makers is given precedence over the actual words which are used in the statue. The Adler vs. George case of 1964 is considered as a classic example of this rule’s interpretation.3 This case was concerned with the conviction of a person under the Official Secrets Act of 1920 in which he was charged with creating nuisance and hindering the work of officials in the Royal Air Force Station. The official secrets acts said that a person who creates hindrance in the ‘vicinity’ of a Government installation is liable for punishment. The defendant claimed that he

Jessie Pope Essay Example for Free

Jessie Pope Essay Jessie Pope was a journalist who wrote recruitment poems for the Daily Mail during the First World War. The poems she did write were positive propaganda poems for the war; her objective was to stimulate patriotism in the readers so that the men would join the forces. Pope wrote a persuasive poem where she compared war to a game. This is illustrated in the title Whos for the game? It shows that her attitude to war was that it was a great big event that everyone should take part in one way or another. The title is a short and punchy question inviting anyone to answer. This gives the wrong impression of the war, it is misleading and Jessie Pope either intentionally or mistakably. Pope was ridiculed for doing this, but if she did write the actual reality of war, no one would really want to join, therefore the aim of the poem would not be fulfilled and the British army would have no chance of wining in the war. Stanza one begins again by referring to the war as a game for the above reason and also emphasises that it is the biggest game ever known, war is not a game where you may loose points but where it is likely to loose a limb or loose your life. By her saying war it the game, the biggest thats played, Jessie Pope gives a false notion in the first line and makes war sound remarkable when clearly it is not. The game is then repeated to enforce excitement even more. Pope goes on to imply it could be a violent game, appealing to the masculine instinct whilst there is a comparison between the red crashing game and the red blood shed in war, she makes it seem like a boxing match. Jessie Pope continues to base the poem on a game by stating: Wholl grip and tackle the job unafraid? This shows that Popes outlook on the war was it was not for cowards but men who will fight for their country and protect their families in every way they can. This is compared to a game like rugby, which was a popular sport amongst men at this time, whilst meaning who will rise essie Pope was a journalist who wrote recruitment poems for the Daily Mail during the First World War. The poems she did write were positive propaganda poems for the war; her objective was to stimulate patriotism in the readers so that the men would join the forces. Pope wrote a persuasive poem where she compared war to a game. This is illustrated in the title  Whos for the game? It shows that her attitude to war was that it was a great big event that everyone should take part in one way or another. The title is a short and punchy question inviting anyone to answer. This gives the wrong impression of the war, it is misleading and Jessie Pope either intentionally or mistakably. Pope was ridiculed for doing this, but if she did write the actual reality of war, no one would really want to join, therefore the aim of the poem would not be fulfilled and the British army would have no chance of wining in the war. Stanza one begins again by referring to the war as a game for the above reason and also emphasises that it is the biggest game ever known, war is not a game where you may loose points but where it is likely to loose a limb or loose your life. By her saying war it the game, the biggest thats played, Jessie Pope gives a false notion in the first line and makes war sound remarkable when clearly it is not. The game is then repeated to enforce excitement even more. Pope goes on to imply it could be a violent game, appealing to the masculine instinct whilst there is a comparison between the red crashing game and the red blood shed in war, she makes it seem like a boxing match. Jessie Pope continues to base the poem on a game by stating: Wholl grip and tackle the job unafraid? This shows that Popes outlook on the war was it was not for cowards but men who will fight for their country and protect their families in every way they can. This is compared to a game like rugby, which was a popular sport amongst men at this time, whilst meaning who will rise essie Pope was a journalist who wrote recruitment poems for the Daily Mail during the First World War. The poems she did write were positive propaganda poems for the war; her objective was to stimulate patriotism in the readers so that the men would join the forces. Pope wrote a persuasive poem where she compared war to a game. This is illustrated in the title Whos for the game? It shows that her attitude to war was that it was a great big event that everyone should take part in one way or another. The title is a short and punchy question inviting anyone to answer. This gives the wrong impression of the war, it is misleading and Jessie Pope either intentionally or mistakably. Pope was ridiculed for doing this, but if she  did write the actual reality of war, no one would really want to join, therefore the aim of the poem would not be fulfilled and the British army would have no chance of wining in the war. Stanza one begins again by referring to the war as a game for the above reason and also emphasises that it is the biggest game ever known, war is not a game where you may loose points but where it is likely to loose a limb or loose your life. By her saying war it the game, the biggest thats played, Jessie Pope gives a false notion in the first line and makes war sound remarkable when clearly it is not. The game is then repeated to enforce excitement even more. Pope goes on to imply it could be a violent game, appealing to the masculine instinct whilst there is a comparison between the red crashing game and the red blood shed in war, she makes it seem like a boxing match. Jessie Pope continues to base the poem on a game by stating: Wholl grip and tackle the job unafraid? This shows that Popes outlook on the war was it was not for cowards but men who will fight for their country and protect their families in every way they can. This is compared to a game like rugby, which was a popular sport amongst men at this time, whilst meaning who will rise essie Pope was a journalist who wrote recruitment poems for the Daily Mail during the First World War. The poems she did write were positive propaganda poems for the war; her objective was to stimulate patriotism in the readers so that the men would join the forces. Pope wrote a persuasive poem where she compared war to a game. This is illustrated in the title Whos for the game? It shows that her attitude to war was that it was a great big event that everyone should take part in one way or another. The title is a short and punchy question inviting anyone to answer. This gives the wrong impression of the war, it is misleading and Jessie Pope either intentionally or mistakably. Pope was ridiculed for doing this, but if she did write the actual reality of war, no one would really want to join, therefore the aim of the poem would not be fulfilled and the British army would have no chance of wining in the war. Stanza one begins again by referring to the war as a game for the above  reason and also emphasises that it is the biggest game ever known, war is not a game where you may loose points but where it is likely to loose a limb or loose your life. By her saying war it the game, the biggest thats played, Jessie Pope gives a false notion in the first line and makes war sound remarkable when clearly it is not. The game is then repeated to enforce excitement even more. Pope goes on to imply it could be a violent game, appealing to the masculine instinct whilst there is a comparison between the red crashing game and the red blood shed in war, she makes it seem like a boxing match. Jessie Pope continues to base the poem on a game by stating: Wholl grip and tackle the job unafraid? This shows that Popes outlook on the war was it was not for cowards but men who will fight for their country and protect their families in every way they can.

Polk Company Review Essay Example for Free

Polk Company Review Essay †¢ In this case, would it be better to use the variable or absorption costing method, and why? In this case, it would be better to use the absorption method because this method incorporates only the overhead that is allocated to the 80,000 units sold. The variable method counts fixed overhead as a period expense, meaning that the fixed overhead for this period is calculated on the basis of the 95,000 units produced, if the absorption method is used. The absorption method only calculates fixed overhead on the basis of the 80,000 units that were sold. This provides management with a more accurate picture of the profitability of the fishing lures. Thus, the absorption costing method is optimal. †¢ What are the benefits of the two methods? Under absorption costing system, the product cost consists of all variable as well as all fixed manufacturing costs.. But when variable costing system is used, the fixed cost (both manufacturing and non-manufacturing) is treated as a period cost and therefore is not included in the product cost. The ability to provide accurate information to management about product costs is the main benefit of the absorption method. The variable method is beneficial because it provides an output (net income) that is closer to the cash flow of the business. This is useful in particular for businesses that might be short on cash flow. Further, the variable costing method provides management with a clearer picture of the effect that fixed costs have on the total profitability of the company (AFM, 2012). †¢ Which method would lead to the best decision when a competitor is submitting a lower bid for your product? Absorption costing is particularly useful for firms that do not sell all of their manufactured products during the accounting period, as is the case with Polk. Under absorption costing, the cost of a good is not shown until the good has been sold (Johnston, 2013). This can be a disadvantage if a portion of the goods produced are ultimately not sold, as management would still have to know the cost of those goods.

Genesis And Causes Of Naxalism History Essay

Genesis And Causes Of Naxalism History Essay Genesis The origin of the Naxalite movement can be located in the contemporary global context of the 1960s. The Naxalite movement was a part of the contemporary, worldwide impulse among radicals to return to the roots of revolutionary idealism. The Naxal leaders drew inspiration from the Indian peasant uprisings of the18th and 19th centuries and the more modern organized armed peasants struggles led by Communists in Telengana in south India in the late 1940s. Naxalism is essentially an outcome of socio-economic problems, mal-administration, un-accountability, perceived injustice and is an end product of agrarian tensions. The contention of Naxalites is that the existing system is corrupt, rotten and can be destroyed by violence alone. Naxals feel that it is the landlords and the state administrators who keep violence on their agenda. Naxals feel justified to counter it by violence so as to achieve radical reforms.  [1]  The genesis of this movement is based on peasants movement and agrarian discontent.  [2]  The primary aim of the movement was to liberate the poor through land and social reforms. Although, the aim was a noble one, the method chosen to achieve it was completely misguided and unlawful. The Naxalite movement quickly veered away from its professed agenda of social justice and, today, various Naxalite factions are nothing more than tools at the disposal of external forces that want to create internal turmoil in India.  [3]   3. Naxalism grew from a tiny movement of Charu Mazumdar and Kanu Sanyal of village Naxalbari in the foothills of the Himalayas in Darjeeling district of West Bengal, carved out by him in 1967 after a split, from the ultra left sections of CPI (Marxists). Mazumdar greatly admired Mao Zedong and advocated that Indian peasants and lower classes must follow in his footsteps and overthrow the government and upper classes whom he held responsible for their plight. The movement, basically anti-landlord, acquired the nomenclature of CPI (Marxist- Leninist) in Nov 1967. A similar group, calling itself Marxist Communist Centre (MCC) was operating in the South. CPI (M) and MCC merged in 2004 and became CPI (Maoist), accepting Maoist doctrine of revolutionary agrarian war of seeking power through armed violence and surrounding the urban centres from the countryside. Their activities soon accounted for approximately 90% of revolutionary armed action in India. This brand of revolutionary activities came to be described broadly as Naxalism in recognition of the village Naxalbari from where the bugle of armed revolutionary agrarian revolt was first sounded.  [4]  Ã‚   4. Naxalism and its threat to the state have been growing steadily in the past forty years. Their ideology appeals to the deprived and downtrodden. They have a coherent organisation whose members are ready for sacrifice. They have visionary plans of seizing political power through armed violence. They display a robust will and determination of purpose.    Naxal Ideology 5. Naxalism is the ideology followed by Naxalites in India. It is based on the principles of Marxism, Leninism and Maoism. 6. The Marxist Communist Centre (MCC) is distinguished by its commitment to an earlier version of the Charu Mazumdar, which envisions protracted armed struggle. The MCCs philosophy revolves around two grounds. The first is that, within the country, a revolutionary mass struggle existed and the people were fully conscious and even prepared to take part in revolution immediately. The second was that militant struggles must be carried on, not for land, crops, or other immediate goals, but for the seizure of power. These assumptions are reflected in all their views, whether on organization, on strategy or on tactics. As a result, all efforts and attention is firmly focused on revolutionary activities to undermine the state and seize power. Though the Peoples War Group (PWG) also held a similar view till the early 1980s, it has since shifted focus and established several political front organisations. The PWG gradually discarded its initial assessment of the peoples level of preparedness for an armed struggle, and consequently revised its strategy of immediate seizure of power. Though the armed struggle is not discarded, considerable differences emerged on the issue of the appropriate methodology. There is now increasing emphasis on the process of party building and the encouragement of mass political organizations. Their perspectives on strategy and tactics are also somewhat more nuanced, and there is an acknowledgement that the issues on which the struggle should be conducted necessarily depend on the level of peoples consciousness and the nature of problems faced by them.  [5]  . The PWG has remained unwavering in its ideological commitment to class annihilation, to capturing power through revolutionary warfare on the Maoist pattern, and in its rejection of Parliamentary democracy. This strategy entails building up of bases in rural and remote areas and transforming them, first, into guerrilla zones, and then into liberated zones, even as an area-wise seizure is consolidated, and cities are encircled. Within the theoretical constructs of its peoples war strategy, as well as the PWGs past practices, moreover, negotiations have been used as a tactic and opportunity for recovery, consolidation and expansion.  [6]   Causes for Growth of Naxalism 9. The region, over which the Naxalites have established their presence, is marked by widespread poverty, corruption, unemployment, lack of development, poor governance and an under-equipped police force. In many of these areas, the state machinery either does not exist or has a very limited existence. Naxalites fill the vacuum and exploit the poor performance of the institutions of governance on issues such as land rights, minimum wages, education and anti-corruption. In some areas they have assumed many of the tasks of the state and run a parallel administration.  [7]  The major causes for growth of naxalism are as follows:- Social Inequalities. Atrocities, subjugation, discriminatory treatment of dalits and lower caste peasants by the upper caste landlords continue to be very common in naxalite affected parts of the country. Economic Deprivation. There is extreme poverty and utter lack of economic development in many parts of the country. The landlords do not follow the stipulated minimum wage rule as laid down by the government. Infrastructure Inadequacies. The areas affected by the naxal movement are one of the richest in terms of natural resources. Even then, these areas have not seen any infrastructure development and continue to remain neglected by the authorities. Tribal and Forest Policies. The primitive methods of cultivation have left the tribal people economically fear behind in comparison with other peasants. The tribals have been denied their traditional means of livelihood and hence, their only means of survival has been taken away from them in the name of our forest policies. Inadequate Governance. It is a known fact that in many of these areas, there is no governance at all and the state and civil administrative infrastructure is virtually non-existent. Strategy 10. The Naxals follow the strategy of armed uprising and the theory of revolutionary base. From such revolutionary bases they would strategically be in a position to launch a frontal attack on the enemies of the peasantries and the backward classes. Having complete possession of the revolutionary bases, Naxalites would be launching attacks on large villages, and eventually, guerrilla attack upon cities. The aim of the above naxalite strategy was the annihilation of the landlords, moneylenders, police and its informers and those who would prevent them from establishing a strong hold over the villages.

Tense in Formal and Informal Arguments :: Tense Arguments Logic Essays

Tense is one of the most significant disparities between formal arguments in classical first-order logic and informal arguments. Tense is a vital grammatical tool for expressing both actions and states of objects. Yet the syntax of classical first-order logic is not designed to accommodate tense. In this paper I shall evaluate several attempts to address the issue of the formal treatment of tense. I will seek to determine how tense is important to the consequence relations among sentences. First, I will examine Quine's approach, which tries to represent temporal discourse without extending the syntax of classical logic. Then I will look at Prior's approach, which introduces tense operators. Finally, I will outline two approaches of my own, which require second-order calculus, and will try to show why the second one best captures the aspects of tense that are appropriate for formal treatment in logic, while minimising uncomfortable ontological commitments. Tense logics, as the name suggests, seek to formalise the logically relevant aspects of tense in arguments. The traditional treatment of tense is to require that the tense of informal arguments remain the same throughout. However, this requirement is inadequate because in some cases it is vital to represent tense in order to evaluate the validity of an argument. For example, consider the following: Eve marries Adam Eve is faithful to Adam Eve gives birth to a child Adam is the father of the child This argument seems valid, but notice how that intuition changes if the order of the premises is changed: Eve gives birth a child Eve marries Adam Eve is faithful to Adam Adam is the father of the child It is not nearly as clear whether this version of the argument is valid. This is because tense matters. Our natural tendency in informal arguments is to assume that premises like these are presented in chronological order, but such an assumption will not do for formal arguments. Therefore, we need to incorporate tense to clarify the temporal relations among the sentences. When this is done, the argument looks like the following: Eve has married Adam Eve has been faithful to Adam Eve gives birth to a child Adam will be the father of the child This argument is clearly valid, because the temporal sequence of the sentences is explicitly indicated. Now, how should we formally represent tensed sentences?

High Blood Pressure :: Health, Cardiovascular Disease

High blood pressure is considered one of the highest causes of morbidity, one of the main leading causes for cardiovascular disease, and social global burden health risk factor. In addition to the high cost burden to the global health service providers. (referances) Data from World health organization2002, estimated that high blood pressure was the cause of death for more than 7 million individuals every year , affecting almost one billion of world population and responsible for 11% of all diseases burden in industrial countries.( WHO,2003) (BHFSD,2010).in industrial countries high blood pressure estimated to be the case of death for more than 20% of men and almost 24% of women (WHO.2002b) Kearney et al (2005) reported that in 2000, 972 million individuals were hypertensive which account for 26.4% of world population, of which 333 million in developed countries and 639 million in developing countries. It was affected 26.6% of men and 26.1% of women of general population. This study predicts this number to soar by about 60% in 2025 to reach a total of 1.56 billion. This elevation expected to be 9% and 13% in both men and women respectively. They found the highest prevalence rate of high blood pressure in women was in former socialist economies region while for men was in Latin American and Caribbean region and the lowest prevalence was in â€Å"other Asian and islands† region for both men and women. Elevated blood pressure contributes to (62%) of cardiovascular diseases, for example it attributes to 54% of stroke cases and 47% ischemic heart disease globally ( (Lawes et al., 2008 eup fix), it also responsible for 50% of heart failure burden in world. Furthermore the INTERHEART study estimated that having a hypertension was the reason for 25% of heart attack cases in both central and Eastern Europe while it represents the same reason for 22 % of Western Europe. Individuals who have an elevated blood pressure are suspect to have heart attack twice more than normotensive. (Yusuf et al., 2004 or British heart stast) In terms of disability –adjusted life-years, high blood pressure is come as a third cause after underweight and unsafe sex by affecting around 64 million. (Ezzati et al, 2002) .High blood pressure was estimated to be attributable to causing 9.3 % of disability in high income countries and 5.6% of disability in middle and low income countries.

Fourier Series :: physics fourier

Jean Baptiste Joseph Fourier (March 21, 1768 - May 16, 1830) was a French mathematician and physicist who is best known for initiating the investigation of Fourier series. He was born at Auxerre in the Yonne dà ©partement of France, the son of a tailor, and was educated by the Benedictines. The commissions in the scientific corps of the army were reserved for those of good birth, and being thus ineligible he accepted a military lectureship on mathematics. He took a prominent part in his own district in promoting the revolution, and was rewarded by an appointment in 1795 in the Normal school, and subsequently by a chair in the Polytechnic school. Fourier went with Napoleon on his Eastern expedition in 1798, and was made governor of Lower Egypt. Cut off from France by the English fleet, he organized the workshops on which the French army had to rely for their munitions of war. He also contributed several mathematical papers to the Egyptian Institute which Napoleon founded at Cairo, with a view of weakening English influence in the East. After the British victories and the capitulation of the French under General Menou in 1801, Fourier returned to France, and was made prefect of Isà ¨re, and it was while there that he made his experiments on the propagation of heat. He moved to Paris in 1816. In 1822 he published his Thà ©orie analytique de la chaleur, in which he bases his reasoning on Newton's law of cooling, namely, that the flow of heat between two adjacent molecules is proportional to the extremely small difference of their temperatures. In this work he claims that any functions of a variable, whether continuou s or discontinuous, can be expanded in a series of sines of multiples of the variable - this result isn't correct at all. But the fact that some discontinuous functions are the sum of infinite series was a breakthrough. The question of determine when a function is the sum of its Fourier series has been fundamental for centuries. Lagrange had given particular cases of this (false) theorem, and had implied that the method was general, but he had not pursued the subject. Dirichlet was the first to give a satisfactory demonstration of it, with some restrictive conditions.

Bullying in Nursing

Bullying In Nursing Cassandra Owens Recently, during one of our weekend shifts, the unit was almost to capacity with each nurse having the max number of patients we were allowed to have. Our sister unit is the unit that gets our over flow once we are no longer able to accept any more patients. The charge nurse was a young Army Lieutenant and new to being a charge nurse. When the nursing supervisor called to notify us of another admission, the charge nurse informed her that although we were able to accept two more patients, our sister unit only had five patients.She then asked if the other patients could be directed to the other unit. The supervisor proceeded to yell at her so loud over the phone that we could hear it, stating she would take any admission she directed towards her. Just because she was a new Lieutenant it would behoove her to mind her own floor. Our head nurse was notified and she spoke with the supervisor, but the damage had been done. The nurse is now very hesitant w hen she has to be charge and tries to change shifts so she will not have to do it.Bullying has been receiving a mass amount of attention due to recent horrible acts that have been committed against individuals who are considered helpless and/or weak. From psychological damage to physical harm or even death, bullying is a phenomenon that can be damaging to an individual, group or community. This fact holds true on the professional side as well. Bullying in the nursing profession has been increasingly reported over the past decade. Although bullying behaviors are unfortunately common acts committed by physicians, patients, and patient’s families, nurses also engage in bullying of their colleagues.With this recent increase, it is important to understand the ethical and legal issues associated with this behavior. Considering that the nursing profession has topped the list of the most honest and ethical professions for eleven years in a row, it is concerning that nurses would enga ge in behaviors that have been described as humiliating, intimidating, threatening, or demeaning aimed at their own colleagues (Matt, 2012). There are detailed codes of ethics in place that are supposed to provide guidelines for moral character. Yet, espite these guidelines, nurses engage in the aforementioned behaviors targeting their subordinates and peers. What Is Bullying/Workplace Bullying? Bullying is known by many names; aggression, incivility, mobbing, horizontal or lateral violence and intimidation are some of the synonyms that are associated with the term (Murray, 2009). Workplace bullying is a serious issue affecting the nursing profession. It is defined as any type of repetitive abuse in which the victim of bullying behavior suffers verbal abuse, threats or behaviors by the perpetrator that interfere with his or her job performance (Murray, 2009).Often, workplace bullying involves abuse and/or misuse or power and authority within an organization. Bullying behaviors creat e feelings of defenselessness in the victim and significantly demoralize his or her right to dignity in the workplace (Murray, 2009). Looking back at the example in the introduction, after the nurse spoke with others who have been charge and had to deal with the supervisor, it was found that many of the other nurses were treated the same way. The supervisor only spoke and behaved that way to nurses who were new to the charge nurse position.As it is a requirement for military nurses to act as charge nurse in order to get leadership experience, the supervisor liked to target the newer nurses because she could intimidate them. Nursing leaders must be able to work with others to achieve common goals and be able to assess and develop new opportunities for nurses (Finkelman, 2012). This supervisor creates such a hostile and uncomfortable environment the nurses were hesitant to approach her for any type of guidance for fear of being belittled. Ethical and Legal ConsiderationsThere are seve ral ethical principals, virtues of moral character and codes that are violated by nurses who engage in bullying behaviors. One principal is nonmaleficence, which is defined as requiring one to not engage in infliction of evil or harm on another (Matt, 2012). Since bullying behaviors have the specific intent of humiliating and demeaning another, nurses who bully others violate this principle. Justice is another principle that has many descriptions, but the most basic is fair treatment of all. All workers have a right to a safe and healthy work environment thus bullying behaviors violate the principle of justice.Bullying behavior also violate moral virtues that are associated with nursing. Discernment is the ability to make fitting judgments and reach decisions without being unduly influenced by fears (Matt, 2012). This virtue was definitely violated by my nursing supervisor. Nurses who bully also violate the virtues of compassion, integrity, and conscience; all characteristics that s how the nurse demonstrate weak moral character as well as weak Christian values and characteristics. There are two ethical codes that are violated by nurses who participate in bullying behaviors.The first is the International Council of Nurses (ICN) Code of Ethics for Nurses (Matt, 2012). There are many elements that the code addresses, but when pertain to bullying, the code that is violated pertains to nurses and coworkers. It states that, â€Å"the nurse sustains a cooperative relationship with coworkers in nursing and other fields† (Matt, 2012). Of course, the ANA Code of ethics is violated; specifically provision six which states that, â€Å"the nurse participates in establishing, maintaining and improving healthcare environments and conditions of employment†¦. through individual and collective action† (Finkelman, 2012).Bullying behaviors once again defeat these purposes. Although there are currently no laws in the US specifically targeting workplace bullying, as of May 2011, 16 bills addressing the issue were active in 11 states (The Healthy Workplace Campaign) (Matt, 2012). Violations are also addressed under the Occupational Safety and Health Act (OSHA). Violations of these regulations may result in citations and penalties ranging from temporary closure of a business to fines up to $70,000 per incident if an employer willfully or repeatedly violates the requirements (Matt, 2012).Not only is the employer subject to legal consequences, but the nurse who does the bullying can and will be held accountable as well. No one should be subjected to this type of difficulty while at work. Conclusion Healthcare leaders have a responsibility to employees and the public to provide work environments that are free from abuse and harassment When workplace bullying has been identified it is up to leaders to take appropriate action to ensure the abuse stops, the person is held accountable and steps are taken to ensure it does not happen again.Bullying n ot only affects the healthcare providers who are being targeted, but it affects the healthcare organizations as well. It is reported that bullying in the workplace can cost over $4 billion a year (Murray, 2009). It contributes to increased work dissatisfaction, absence from work and work-related injuries. Hospital administrators, human resource manages and nurse managers must educate themselves to ensure they have a clear understanding of their own responsibilities for providing a safe work environment. Individual nurses must educate themselves as well and not stand for bullying nor participate in bullying behavior.I believe nursing is a blessing and a gift from God; an artistic ability that not everyone is capable of doing. When a person decides to that advantage of this gift and blessing, it is disrespectful to the characteristics of God, which, if studied closely, are directly aligned with the virtues of nursing. I feel the following versus are direct words from God that hold us accountable for our behavior when it comes to nursing and taking care of others, be it our patients or our coworkers: 1 John 3:17 â€Å"But whoever has the world's goods, and beholds his brother in need and closes his heart against him, how does the love of God abide in him? ; Philippians 2:4 â€Å"do not merely look out for your own personal interests, but also for the interests of others. †; and Galatians 6:10 â€Å"So then, while we have opportunity, let us do good to all men, and especially to those who are of the household of the faith. † (Society, 1999). How can we say we love God, yet do our fellow man wrong? We have to take a close look in the mirror daily and seek God’s guidance to direct our paths, because if what we do is not pleasing to God, it’s all being done in vain. References Finkelman, A. 2012). Leadership and management for nurses: Core competencies for quality care (2nd ed. ). Upper Saddle River, NJ: Pearson. Matt, S. B. (2012). Ehtic al and legal issues associated with bullying in the nursing profession. Journal of Nursing Law, 9-13. Murray, J. S. (2009). Workplace bullying in nursing: A problem that can't be ignored. Medsurg Nursing, 273-6. Society, I. B. (1999). Comparative Study Bible: King James Version, Amplified Bible, New American Standard, New International Version. Grand Rapids: Zondervan.

Accounting (Managerial) 530 Portfolio Case Study Essay

Imagine you are applying to become a trainee in a management consulting company, Solutions Inc., which claims to deliver innovative solutions. They are looking for innovative employees who engage with their work. The selection process will be rigorous. You know you will be asked to submit reports based on questions regarding your knowledge of management accounting practice and strategic management accounting. To provide a context for the reports, you have been provided with a scenario in the form a case study on which the questions are based. To answer the questions you are going to have to do some research in the library. Giving you the questions is a method to test your information literacy skills. Submitting your answers in the form of reports is a way of testing your aptitude as an analyst and communicator. Scenario on which to base your report submissions Assume you have been appointed as a consulting Management Accountant to an organization with rapidly growing sales and expanding customer acceptance in the surf wear clothing target market 18-30 years. The clothing is sold under an increasingly recognized brand name worldwide. Sales are made online -both internationally and locally, as well as through franchised outlets. The accounting system has not kept pace with the growth and complexity of the company. It is even more critical for the company to take control of its finances in the current slow recovery of the U.S. and European markets. You have been given a list of issues listed below by the management of the company. In analysing the issues, the management of the company is concerned that the accounting system does not provide tight cost control, measure quality control, and does not provide a good basis for the budgeting system. No cost analysis has been done within the company to date. The management of the company wishes you to investigate the following issues; given that management wishes to maintain growth in this turbulent environment: Report One (Issues 1 to 3) Issue 1: It is difficult to see the relationship between the stated cost of production and the selling price for the various lines of clothing ranging from simple to complex clothing. According to the management â€Å"We don’t need a product costing system. About half of our product range is made in China and shipped to online customers from there so we avoid GST. The remainder of our production consists of a growing range of high value, small batches of swim wear, surf wear and wet suits. We apply a just-in-time approach so that our inventories are minimal. We have little influence over product price as price competition is on the increase and brand loyalty isn’t sufficiently strong to justify uncompetitive prices. Anyway, our accountant is already far too busy to bother with a product costing system†. In your submission to the management, discuss the current no costing policy, and present an argument in support of undertaking an appropriate product costing system. Issue 2: The managers of the company have been convinced that they need a better costing system for their local production. They have heard about Activity Based Costing and they believe that it will improve the accuracy of the costing of their products. In your submission to the management, provide the conditions under which the use of activity based costing may be justified, and whether you believe there is a case to implement Activity Based Costing in this organization. Issue 3: The management of the company has concerns that they do not know enough about the relationship between cost and profit. Include in your submission to the  management, a discussion on the difficulties they may face in gathering the information they might need to carry out an analysis of cost behavior, and the development of a cost function in this company. A brief comment on the benefits the company can derive from a full understanding of cost behavior is also desirable. Report Two (Issues 4 to 6) Issue 4: The management wants to be able to predict the effect on profits resulting from changes in volume, costs and prices. Prepare a submission for management on how this may be done, and the difficulties that they are likely to face in undertaking this sort of analysis. Issue 5: Previously the company did not use budgets because the owners were the managers of the business and close to activities being managed and did not feel the need for budgets. As the company has grown, and the operations have become more diverse, professional managers have been recruited. Include in your submission an argument for budgeting, indicating the benefits of budgeting, and the factors to take into consideration when faced with uncertainty regarding sales growth. Issue 6: The company has a need to make choices sometimes whether to make or buy certain of the products carrying their brand. On other occasions they are also required to make decisions on special prices when a potential retailer makes an offer to buy goods from them at a price lower than their normal price. The management currently make their decisions in these matters based on the average cost of goods sold in the previous accounting period. Discuss the concept of Relevant cost and benefits, and the type of accounting and non-accounting information they would need for such decisions. Instructions for the portfolio submissions: 1. Assume that the management of the company has little technical knowledge in management accounting. You would need to define terms and explain concepts to the management before linking those terms and concepts to your report. 2. You must submit your responses in the form of two separate reports as follows: a. Report 1 covering Issues 1 to 3 b. Report 2 covering Issues 4 to 6 You should read the Guidelines available on blackboard prior to writing up your report. There are strict requirements as regards formatting and layout.

Reaction with pre employment seminar Essay

Due to the development of our society concerning the technical and ethical progress in the past decades and centuries; it has become a very complicated network of different niches, which are connected among each other. Accordingly every individual person has the chance and in the best cases even the opportunity to select the niche he fits in most. The niche consists of several attributes like profession, social status and political attitude. In consequence of already mentioned complexity of the society it is hard to find the perfect job for an individual, since there is a huge cluster of different professions. A source like the internet should support our search in the mass of available data. Not only the quantity of information gives us a possibility to find something we require, but also the speed facilitates the search. And since every household has an internet connection, it is also much cheaper than buying a newspaper or going to a convention outside the city. A disadvantage of the internet is possibly a limitation of the ability to present you. A usual application has a certain structure, if not required differently. There is a certain pattern, which allows you to give just a small amount of information about your personage. Also the curriculum vitae make it hard to express your possible qualities. A person, although certain data present, remains more or less anonymous. But luckily almost every company has job interviews, where everybody has a chance to convince the employer with the qualities, which were not or could not be mentioned in the application form. In a recruitment process, an interview is invariably one of the last but most crucial processes. It involves a one to one interaction of the candidates with the prospective employer. Besides giving the interviewer a chance to evaluate your strength and skill, it also gives you an opportunity to understand what to expect from the organization. No matter how well qualified and articulate one is for a job, there is nothing to replace thorough preparation for the interview. Have a good grip of your strengths and weakness. Know what to talk at the interview and how to handle the situation, if things do not go as planned. The first step in preparing for an interview is to put together a strategy. Try and analyze that the interviewer would have already reviewed your resume, which provide the hard facts of your employment history and skills. You can make a good impression by reviewing how to bring forth your essential skills. There is a need to portray sincerely and politely, though enthusiastically your knowledge about the organization and its mission. For instance, it would be good to know the names and positions of key people in the organization, its products/service and key business competitors. Preparation for an interview follows these steps. Keep yourself calm. Often going well prepared is the best way to enhance your confidence. Know all about the company, its business. Research the company and interviewer if possible. Analyze why you want the job. What soft skills do you have to offer the organization? For instance the resume may have shown some concrete examples of skills as a team player, but you need to convince interviewer of your ability to fit within a team. Prepare questions you wish to ask about the job or organization. Line up reference in advance in case you are asked for them.

Clairant Marketing

We are also thankful to Mr.. Oman Patella 0 for his help and valuable Insights Into Strategic Management at Claimant Pakistan Limited. Mr.. Patella, a very dedicated individual, is a competent and proactive professional at analyzing the implications of Claimant's competitive strategic framework on each of the business' operations. He provided us with every detail about Clangors corporate strategic activities and how they are aligned with the core competencies of the company.Without his time and help, it would have been impossible for us to prepare this report. Sincerely, Amber Alicia Ham Named Virus Mason Razz Mohammad Moms Useful Gaga students of ABA (HON.) Institute of Business Management, Karachi. Letter of Transmittal Mr.. Abdul Qatar Mollie Institute of Business Management Koran Creek Karachi – 75190 Pakistan Date: 18th April, 2013 Dear Mr.. Mollie: Management in Claritin Pakistan Limited† as authorized by you.The purpose of this report is to examine how Claritin Pa kistan Limited manages its strategic activities at the corporate as well as the business level. The project report is a comprehensive outline of Claimant's strategic mission, the competitive strategies it has developed to enhance its core competencies, the macro-economic analysis that it conducts for scanning the various environmental threats/pressures, the strengths and opportunities it effectively utilizes and the weaknesses and threats it counter- balances.The group members were immensely excited to work on this project since in a few months' time we will all be part of the work force and will be concerned with these strategic tasks employed in the organization at the basic level of an individual employee. With much effort and diligence all the work was divided equally amongst us. We prepared a questionnaire which contained a list of questions regarding Strategic analysis, development and execution. We then met a representative of Claritin Pakistan Limited, Mr.. Oman Patella 0 wh o responded to our list of questions diligently.Later different parts of the report were asked to be written by each group member. While working on this report we observed the amount of energy, thought process and effort that goes behind into making an organization strategically competitive in its industry We are grateful to you for teaching us the important aspects of Strategic Management, for helping us whenever we needed your assistance and believing in us to complete this report in the best possible manner by fulfilling our capabilities. Contents 1 Objective To conduct Claimant's organizational analysis in the light of the chemical industry.To achieve this objective a broad environmental analysis needs to be conducted in order to recognize the external opportunities and threats along with internal strengths and weaknesses. This would allow us to improvise their existing strategies and suggest recommendations. 2 Industry Definition At present there are nearly 30 Chemical companie s having the total paid-up Capital of RSI. L . 7 billion. Most of them have shown remarkable progress in their sales in the recent years such as Fuji Fertilizer, Icily Pakistan, Negro Chemical, Atwood Hercules,Claritin Pakistan, Sitars Chemical Colgate Palmolive, Berger Paints, BOCA Pakistan, Sins Alkalis, Dyne Pakistan, are considered as market leaders in the field of Chemical Industry in Pakistan. The rapid industrialization resulting in the large increase in chemical consuming products has enlarged the demand of all types of chemicals in the country. Chemical Industry in Pakistan has gradually developed to its present stage and has played a vital part in the development of the country and will continue to do so in future with more foreign investment.The Chemical Industry produces a arioso range of products such as polyester fiber, sodium carbonate, PVC, Soda Ash, PTA, Pharmaceutical, Paints, Fertilizer, Insecticides, Petrol-Chemical and other Chemicals. Chemical industry in Pakis tan is widespread. The chemical imports constitute about 17% of the total import bill. Pakistan has made considerable progress in basic inorganic chemicals like Soda Ash, Caustic Soda, Sulfuric Acid and Chlorine and has acquired sufficient production capacity of these chemicals to cater for the needs of the local industry, while surplus is being exported. 2 Even then there are some challenges to be countered. The chemical industry of Pakistan is lagging behind due to some challenges. The main challenge is that it has to rely on its imports and foreign materials. It does not benefit the economy and results in production of expensive products. Secondly lack of industrial infrastructure and technology in Pakistan results in low quality products which do not mark the standard. Moreover the discriminatory approach of international community does not integrate the Pakistan market into the international economy and Pakistani products are not given access to the international market.Moreove r the lack of resources and weak trade policies of the ministries also result in the weakening of chemical industry. In order to enhance the chemical industry Pakistan must adopt the policy of â€Å"self-reliance†. Instead of relying on foreign designs and engineering it must improve its own production and ensure high quality of chemical products. Pakistan must work towards integrated approach. It must bring four worlds of a society together which are traders, universities, research and development and production partners.This will bring innovation and must utilize its youth which has rest minds and great ideas to enhance the chemical industry resulting in qualitative and quantitative perfection in the chemical products. Pakistan is capable of producing high technological products all it needs is a little bit of effort in improvement of administrative capabilities and induction of new technology and support from government to put things in order. 3 Company Background and Info rmation 3. History Claritin was formed in 1995 as a spin off from the chemical company Sanded, which was itself established in Basel in 1886. Through their direct lineage, Claritin have massed knowledge and experience of chemistry and industry spanning approximately 150 years. Claritin expanded through the incorporation of the specialty chemicals business of Hooch's (Germany) in 1997, and the acquisitions of BIT Pl (I-J) in 2000 and Saba's Master batches division in 2006.In 2008, it acquired the leading U. S. Colorado suppliers Rite Systems and Ricoh Colors. The latest acquisition, the highly-innovative specialty chemicals company SÃ'Ëœd-Chemic (Germany), was completed on 21 April 2011. Additives Catalysis & Energy Emulsions, Detergents & Intermediates Functional Materials Industrial & Consumer Specialties Leather Services Masturbates Oil & Mining Services of specialty chemicals and application solutions for consumer care and industrial markets.Textile dyes include disperse, reactiv e, direct, acid and sulfur dyes. The textile business encompasses special chemicals for pretreatment, dyeing, printing and finishing of textile. Optical brightener and chemicals for special treatment are also the part of the range. Moreover, textile region also include water based application of the emulsion for the paint and the construction industry. Paper business supplies paper dyes, optical brightener and process and pulping chemicals.Leather region produces chemicals for finishing and complete range of wet-end chemicals. The Consumer Care segment includes the Personal Care business which, among others, develops and produces specialty ingredients for skin and hair care, wet wipes and selected pharmaceutical applications. They supply all relevant information and advice for safer use, handling, labeling, storage, and disposal of our products as a part of Claimant's commitment to sustainability and product stewardship to best meet customer needs.Industrial & Home Care business hel ps customers gain a competitive advantage with its product range for household cleaning fluids, disinfectants, industrial and hospital cleaning solutions Claritin, as a world leader in the field of specialty chemicals, is fully committed to sustainable operation and development in all business activities. It develops and offer products and applications that allow for use of the product during its whole life cycle helping to avoid risk to employees, customers, the public and environment.Claritin has signed the Global Responsible Care Charter as our commitment to Sustainability. It is the chemical industry voluntary initiative to continuously improve health, safety and environmental performance, and to communicate with all stakeholders through the supply chain. This enables Claritin to make a strong contribution to Sustainable Development through the Responsible [email  protected] ethic and the Global Product Strategy targets which promote the safer use of chemical products and enha nce product stewardship throughout the whole supply chain.Their comprehensive product stewardship approach includes cooperation and partnership with Claimant's suppliers Claritin is aware that the energy issue is one of he key challenges of today's and future society and industry. Claritin highlights energy efficiency and savings as the most cost-effective and fastest way to reduce CO and other emissions and increase security of supply. 3. 3 Mission Statement Our mission clearly expresses what is important to us and what we stand for – as a brand and as a company. We build leading positions in the businesses we are active in and we adopt functional excellence as part of our culture.We create value through appreciating the needs of: our customers – by providing competitive and innovative our environment our shareholders by acting sustainable – by achieving above-average returns 4 Porters Five Forces 4. 1 Bargaining Power of Suppliers The bargaining power of suppl iers is low. Claritin is a chemical manufacturing firm; they make chemicals used in different sectors like textiles, oil & gas, mining, dyeing etc. Claritin does not have a particular supplier for its raw materials; the Company buys raw material from different suppliers.The planning department is responsible for planning of the units of raw material to be purchased based on the market forecast. The procurement then takes prices from approved suppliers and then laces an order to the supplier who gives the lowest deal on the purchase. The bargaining power of suppliers is low as there are many suppliers in the market and they cannot charge a high price otherwise they would lose business to their competitors. Yes (+) moderate No (-) 1 . My inputs (materials, labor, supplies, services, etc. Are standard rather than unique or differentiated. 2. I can switch between suppliers quickly and cheaply. 3. My suppliers would find it difficult to enter my business or my customers would find it dif ficult to perform my function in-house. 4. I can substitute inputs readily. 5. I have many potential suppliers. 7. My cost of purchases has no significant influence on my overall costs 4. 2 Bargaining Power of Buyers The bargaining power of buyers is high in the chemicals industry as the buyers have many choices from where they can purchase their products from.Claimant's consumer markets include automobiles, candles, cosmetics, detergents, latex, stationery, as well as finishers for aluminum and leather. Claimant's buyers are aware of the need for information and Claritin helps its customers through the technical service centre. But this does not undermine the fact that other local chemical industries are also major players in the market so similar products are available, and buyers do not really incur a switching cost when changing where to purchase from. To what extent are your customers locked into you?No effect 1) Are there a large number of buyers relative to the number of firm s in the business? 2) Do you have a large number of customers, each with relatively small purchases? 3) Does the customer face any significant costs in switching suppliers? 4) Does the buyer need a lot of important information? 5) Is the buyer aware of the need for additional information? 7) Your customers are not highly sensitive to price. ) Your product is unique to some degree or has accepted branding? 9) Your customer's businesses are profitable. 0) You provide incentives to the decision makers. 4. 3 Rivalry among the Competitors Threat of competitors is high. 1 . The industry is growing rapidly. (Not so rapidly due to Energy constraints) 2. The industry is not cyclical with intermittent overcapacity. 3. The fixed costs of the business are relatively low portion of total costs. 5. The competitors are diversified rather than specialized. 6. It would not be hard to get out of this business because there are no specialized kills and facilities or long-term contract commitments etc. 7.My customers would incur significant costs in switching to a competitor. 8. My product is complex and requires a detailed understanding on the part of my customer. 9. My competitors are all of approximately the same size as I am. 4. 4 Threats of Substitutes Threat of substitutes is high. 1 . Substitutes have performance limitations that do not completely offset their lowest price. Or, their performance is not Justified by their higher price. 2. The customer will incur costs in switching to a substitute. 4. Your customer is not likely to substitute. . 5 Threats of New Entrants The threats of new entrants are high. 1 . Do large firms have a cost or performance advantage in your segment of the industry? 2. Are there any proprietary product differences in your industry? 3. Are there any established brand identities in your industry? 4. Do your customers incur any significant costs in switching suppliers? 5. Is a lot of capital needed to enter your industry? 6. Is serviceable used equ ipment expensive? 7. Does the newcomer to your industry face difficulty in accessing distribution channels?