Industry and risk analysis

Discuss the future outlook and industry trends related to the new venture The new the venture is a healthy snacks business that target mostly, commuters in the transport industry and also households within the country. In Kenya through improved infrastructure transport industry has been growing steadily. This has been evident in major towns and cities such as Nairobi, Kisumu, Mombasa, Thika, Nakuru and Eldoret just to mention but a few. In addition to this, food industry has become a giant sector in this era of increased urbanization coupled with globalization.Advertising We will write a custom essay sample on Industry and risk analysis specifically for you for only $16.05 $11/page Learn More As population growth increases and demand for food also rise, food industry has played a great role in that it has made food available all the year round even when food crops have failed. It has been able to achieve this through technological innovation in food proc essing and preservation which has increased the shelf life of food stuffs. For this reason, people have been able to access foods from many outlets even in regions where certain types of foods are not grown. Food industry is increasingly becoming a very important sector in any economy simply because it has made food available in ready to eat form; some of the processed foods take lesser time to prepare as they are precooked during processing and have made some foods which are only found during certain seasons to be available during all the year round. In relation to transport industry which is growing steadily, it is projected that the industry of new venture will also grow. There is marked by economic growth in the country and this translates that potential consumers have relatively high purchasing power. Also, this is very important because with growing economy of the country people are able to transact as they move from one point to another. Though the country had experienced pol itical instability three years ago, there seems to be a stable political climate with ushering in of new constitution in the country. Snacking is very common with commuters. Commuters will tend to have snacks in bus terminals as they are about to travel while others buy food snacks to eat when on transit. This is a clear indication that provided the business will offer products that are tailored to meet consumers’ needs there is market for these products and that the future outlook of the business is bright. Discuss the legal or concerns related to the venture idea A sole proprietorship kind of business in Kenya does not have many legal formalities. To start with there need to be a business name which should be applied at a registrar of business so that certificate of registration can be issued. The business needs to apply for trading license from city council because it will be situated at Nairobi City in the central business district.Advertising Looking for essay on bu siness economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This is necessary because it will enable the government to earn revenue. In addition, business needs to conform to public health laws such as Food and Drug Act that governs business that deal in food commodities for sale to the public of Kenya. Discuss the approach to raising capital for the venture There are number of approaches which can be used to raise capital for this new venture. In order to be able to have a breakthrough in raising business capital, a business plan should be prepared. Business plan acts as financial tool which provide adequate information to facilitate secure capital particularly in form of loan from financing institutions. The first approach to consider when raising the capital for the business is bootstrapping. This is where one uses any resources at disposal to get business started. Basically, this is in formed of home-equity loans and personal loans. Ano ther approach is use of family and friends. Though this approach is not formal, family members and colleagues can help to raise needed capital. Using personal loans is another approach to raise business capital. This can be in form of re-investment into the business. A step further can be taken for more capital if it is needed. This can be through cash out credit card transfers or home equity loans. However, when using such methods to have initial capital for a start up business it can be extremely risky and therefore need to be done with a lot of care ( Berkery, 2007). Suppliers can also be used to provide business capital. This is in form of product development which necessitates customization with such suppliers for them to be able to respond positively. By guaranteeing that business will be able to pay for their material they have provided perhaps by holding inventory they may agree to support business through raw materials for making business products. Some large suppliers may have some funds that have been kept aside purposely for investing in rising up businesses that would facilitates expand their investment portfolios and businesses. Besides this , they help business have steady follow of supply of the products they supply because they understand new venture vertical market well and may have competitive rates for their products (Pride, Hughes Kapoor, 2008). Bank loan is another alternative approach though not that relatively easy to obtain especially for start up business. Most of the bank will often take into consideration those businesses which have been operating for at least two years. This is due to the fact that they prefer seeing assets which are tangible that can be used as collateral.Advertising We will write a custom essay sample on Industry and risk analysis specifically for you for only $16.05 $11/page Learn More If such methods mentioned above do not work or fail to raise the needed capital to start the busi ness, selling partial business ownership can be a last resort. This involves selling business ownership in form of ownership interest or stock. Lastly, venture capitalists can be potential sources of business capital. They are wealthy persons who specialize in providing start up capital for coming up business in form of equity capital (Berkery, D. 2007). Discuss the obstacles to raising capital for the venture One of the challenges in raising capital for the business is that when you sell the ownership interest or shares of stock as a proprietor you sell the equity and you are bound to loose control of the business because you are not sole decision maker in matters of running the business. Another obstacle is that when one opts for using family and friend as a way of raising business which is an informal way, it may bring problems in future. It is not advisable to mix business and social relationships because this may interfere with business policy. Even though venture capitalists a re potential sources of business capital, they are not easy to find. Also, personal loans to provide start-up capital for the business can be a reasonable option. Nevertheless, it can be extremely risky because in case business run at a loss one is bound to incur all the risk alone and this means that the proprietor will loose all that had been invested in the business (Sutton, 2009). References Berkery, D. (2007). Raising venture capital for the serious entrepreneur. Columbus: McGraw-Hill. Pride, W. M., Hughes, R. J., Kapoor, J. R. (2008). Business. Florence: Cengage Learning. Sutton, G. (2009). The challenges of raising money with equity financing. Retrieved from: https://www.allbusiness.com/ This essay on Industry and risk analysis was written and submitted by user Krystal Park to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

ASSIGNMENT ON LEADERSHIP AND CHANGE MANAGEMENT Essays

ASSIGNMENT ON LEADERSHIP AND CHANGE MANAGEMENT Essays ASSIGNMENT ON LEADERSHIP AND CHANGE MANAGEMENT Paper ASSIGNMENT ON LEADERSHIP AND CHANGE MANAGEMENT Paper Assignment Topic-2: Leaders are born, non made . Discourse the statement with mention to leading model presently in us in administrations. Introduction: The constitution of relationship between followings and leaders that focus on existent alterations and results that reflects through shared intents is fundamentally leading. Leadership besides involves in making alteration non merely in keeping position quotation mark. Another leading of import characteristic is to convey people and do them understanding to come together around a common vision and to convey alteration about coveted hereafter. In many facets, the importance of leading is critical without it households, communities and every bit good as administrations would travel down apart. In other sense, the manner of bettering efficiency, morale, client service and public presentation is the critical facet of leading. It is besides indispensable for the administrations to manage critical state of affairs and take that efficaciously and merely a good leader with good leading ability can take squad successfully. There are different manners of leading basically it is manner the indi vidual trades with that in order to remain alive in his or her place. These are autocratic, democratic and laissez-faire. In autocratic leading manner, leader holds all the power and duties. In this manner, employees are assigned to specific undertaking by the leader and anticipate to acquire it done orderly. In individualistic leading manner, leader gives power to employees. There are two or more alternate determinations taken by leader, employees can take any of them from there it depends up to them. In democratic leading manners, leader gives more importance on employees and attempts to promote them and shows attending to persons. Current construction of leading: A good considerate of leading requires a assemblage of thoughts and we unfortunately can non fallback on a simple theory to explicate it. We will hold to discourse that how leading can suit within the administration alternatively of prosecuting in conversation. The administrations have a construction to work signifier through making an understanding about leading. Administration must hold to be comprehensive for everyone to go a leader. Leader s demand to be relational, it would merely be possible because of the ground there is a spiritual side to leading. Leaderships must hold strong religious strong beliefs and beliefs to set up a base for their personal value systems. This translates into releasing one-self to others and it works best when the leader is compelled to work on things that represent his or her deepest values. These values can be moral based on values that are outside the organisation or ethical values within the organisation. Therefore, leaders must be really much grounded in covering with values -struggling with a tenseness between alteration and stableness what works and what does non work.[ 1 ] Arguments in support of Leader s are born non made : Historically there are many leading attacks that linked with different theories of leading. It can be discussed through nature poetries nature deliberate. The Great adult male theory and Trait Theory represented the best nature statement related to above statement. Great Man theory of leading: 1900 s: This is the earliest theories of leading. At that clip most of the research workers believed that leaders are born, non made . In Great Man theory, describes that the chief secrets of a great leader lies in being born great. It gives importance on the survey of all the great leaders who were great, may be they are from nobility or from the lower categories but they had the chances to take. By happening out those people who did great things such as Nepolean, Hitler, Curchill if we go farther back so Lord Krisna, Gesus and Hazrat Mohammad were really easy to indicate out them. Harmonizing to Great Man theory, it considers that leaders must hold built-in capacity for leading that leader s are born non made. This theory frequently depict great leaders are brave, mythic and intended to lift leading when needed. Leaderships must hold some qualities like good commanding power, inventiveness, good character, bravery, self-control ; ferocity and expressiveness by Born that ca nt be possessed through acquisition or through peculiar taught programmes. Trait Theories of Leadership: 1900s-1940: Trait theories are similar to Great Man theories in some ways. It assumes that leaders must possess general traits or personal characteristics that they get by Born and common to all and make them better matched to leading. In Trait Theory of leading merely tried to happen traits of well-known leader that were frequent. Sometimes Trait theories recognize demanding personality and behavioral characteristics shared by leaders. This attack was based on the strategy that is individualism and personal intrinsic worth that distinguish successful leader signifier everyone else. In 1994, Yukl conducted research on traits and accomplishments and linked to organizational effectivity. These were: energy and force per unit area forbearance, self-control, interior venue of control, emotional adulthood, worthiness, domination inspiration, making orientation, need for association. Arguments opposite to Leader s are born non made: The other leading theories explain societal and contextual position like Behavioural Theories, Situational Theories, and Normative theories, transactional and transformational Theories. The Behavioral theories assume that leaders are made non born. Chiefly Behavioural theory focal points on leader s action non upon internal province and mental qualities. Behavioral Theories of Leadership: In this theory chiefly concentrate on behavior of leaders in the way of the followings and this became a taking manner of leading nearing within the administration. Diverse forms of manners were grouped together and categorized as manners. These activities of direction through preparation became really celebrated. Basically these manners are- Undertaking concern: Here leaders give of import on aims accomplishment through high degree productiveness, and ways to pull off people and activities for accomplishing those aims. Peoples concern: Here leaders focus on their followings as people what their demands, involvements, what their jobs, how it can be development and so on. They are non merely units of production or means to an terminal. Directing leading: This manner is considered by leaders make determinations for others and wanting all the followings or subsidiaries will prosecute that waies. Participative leading: Here leaders take portion in decision-making by sharing among others. ( Wright 1996: 36-7 ) Situational Theories of Leadership: In situational theories of leading gives more importance on the different state of affairss like where the undertaking to be accomplished, tantrum surrounded by personalities, power and perceptual experiences. Effectiveness of leading relies on those state of affairss. These situational theories are besides called Eventuality theories because this Theory is reliant upon the demands or the position of the state of affairss. The Hersey Blanchard Theory: This situational theory developed by Paul Hersey and Kenneth Blanchard and it focuses on activity and operational environment of the administration. Their chief attack was that followings will ever acquire favor from the leader about their willingness to make the occupation. In this attack leaders have to understand about the followings decently and have to place their phase of development and harmonizing to that use the leading manner. With taking aid from Ohio State surveies and develop four leading manners that is available for managers- Directing or stating Coaching or selling Participating or back uping Delegating Directing or stating: Occupation duties is defined by the leader and inform to followings about when to make that and where to make it and how can it be done. Coaching: It s a two manner communicating here leader gives supportive way to followings and sometimes inquire for thoughts or suggestion from followings every bit good. Supporting or take parting: The leader and follower portion in determination consequently to accomplish a maximal values like what will be the best to vie with high deserving occupation Delegating: Followings get small support from the leaders. Deductions of this theory: one job is that it does non count how difficult leaders try but they are against to alter from one manner to another. + Supportive Coaching Supportive behavior Delegating Stating Directive behavior + Figure: Different manners 1960s-70: In Contingency/situational theory argues-what leaders perform that can be determined by that state of affairss and that behaviours must be related with that environmental state of affairss in manus. A good situational leader can merely use different leading manners with the altering state of affairss. The best action taken by the leader depends on of the leader depends on a scope of situational factors. How the theoretical account works merely to accomplish consequences: Designation of elaborate occupation and undertaking Buttockss present public presentation Matching leader response Different leading manners could act upon by the broad scope of variables depending on the different environmental state of affairss and it creates an impact on leader behavior, in which leader can work. There are some critical eventualities like organizational volume, complexness in undertaking, adulthood of worker and so many others. Harmonizing to situational theory, situational factors are limited and vary harmonizing to that eventuality and specified behavior of leader can merely work in certain sort of state of affairss non for all. There are three most outstanding theories of contingency- Path-Goal theory Feidler s Contingency theory The Vroom-Yetton s theoretical account Path-Goal theory: In this theory harmonizing to House ; 1971: chiefly concentrate on leader s motivational map and it can be enhanced by increasing single final payments to subsidiaries for work end accomplishment, gain personal satisfaction by intensifying chances. Harmonizing to these theories key occupier is that the effectivity can be measured through the behaviors of different leaders that will be influenced by situational variables. Fiedler s Contingency theory: In 1971, Feidler proposed elucidation on that how group public presentation can be affected through the dealingss of leading orientation, group scene and occupation features. Leader s state of affairs can mensurate though assorted extents like relationships between leaders and members, construction of occupation and place power. The relationship between leader and member: This refers to how the leader is liked by the group members. When good relationship exists between leaders and members so all are get high satisfaction in work and administrations values is achieved through single values. If the relation is traveling severely so there is deficiency of common trust. Another of import term group coherence, it is really hard to do all the employees work together when it low. The Vroom-Yetton s theoretical account of leading: This theoretical account is widely used in the development of leading in corporate Centre and besides gets adequate support from practicians. The most of import facets of this theoretical account is that legitimates both the bossy and democratic leader behavior and matching that is suited in punctilious state of affairss. This theoretical account besides provides fruitful information about what would be the perfect clip of utilizing groups or opposed to personality determination devising. This theoretical account has some restrictions like leaders are ever have to take determination in choosing of leading manners, it considers each determination in term of state of affairs but it does non depend on old factor. Transactional Theories: This attack of leading was most popular at that clip and this is defined by Gibson, Ivancevich and Donnelly. It has some similar characteristics with situational theories. It s a sort of leading where leaders find out what the demand of followings to accomplish organizational public presentation as a agency of wagess. In this theory has several premises like it motivates people through wages and acquire penalty for the cause of errors, followings know what they have to make harmonizing to way for the intent of acquiring wagess. Sometimes they use direction by exclusion techniques. The transactional leader sometimes utilize Path-Goal theory as a model but leader take all the duties for puting ends, mission for deriving effectivity. Transformational Theories: Followings are motivated and inspired by the transmutation leaders and to accomplish consequences more than desired. This is the most recent theories of leading. This leading ability based on different personality factors like personal appeal, individual attending and rational diversion. There are several effects of transformational leading defined by Bernard Bass and Bruce Avolio ( 1994 ) .These are as follows: Motivating others to affect them in work from new perceptual experience Consciousness about what the mission of the administration Developing ability of other s to accomplish public presentation at exceeds degree Involved in finding the benefits of the administrations by actuating the beyond their attending as they could hold. Theory X and Theory Y of Leadership: In 1960, Douglus and McGregor described this leading theory that the activities of leaders are based on their thought and considerations about the persons at work. He besides described the behavior of leaders in two contrasting sets of bliefs.These are theory X and Theory Y. The premises of Theory X: Average single do non like work and avoid if they can Individual demand to maintain forcing for accomplishing desired aims by directing, commanding and endangering through giving penalty This attack can take actions The premises of Theory Y: Peoples will work in their ain duties and command harmonizing to how they are committed. In common people have some qualities like creativity and imagination The mean persons are non merely accepted but look for aims. Charismatic Leadership: This theory is defined by Max Weber and chiefly focal points on leader s magnetic features. Through these features leaders influence the followings and they can alter anything. It is non possible to entree these qualities by ordinary people by and large they are extraordinary. They are like charming leaders they got particular power to manage complex state of affairss. Leadership theoretical accounts: Leaderships how they act and the manner how they do that can be understood by the aid of Leadership theoretical accounts. There are two theoretical accounts: the Four Framework Approach and the Managerial Grid.[ 2 ] Four Framework Approach In the Four Framework Approach, Bolman and Deal ( 1991 ) propose that leaders exhibit leading behavior in one of four types of models: Structural, Human Resource, Political, or Symbolic. Harmonizing to this theoretical account, leaders can be place into one of these four different models and there are times when one attack is proper and times when it would non be. It besides describes that manners may either efficient or inefficient depending on state of affairss. It would be better non to trust on one of the four different attacks. It can explicate by an illustration, for the period of major organizational alteration ; Structural leading manner is more preferred than symbolic leading manner ; when an administration demand strong growing at that clip symbolic attack is far better than structural attack. So we need to be cognizant about utilizing these attacks and its restrictions. Structural Framework In structural model, leaders are focuses on agreement, scheme, environment, executing, experimentation, and change. It besides describes the leaders as a societal designer and their leading is design and analyse. Human Resource Framework In human resource model describes the effective fortunes of leading ; the leader is a vehicle and retainer whose leading manner is sustain, recommending, and authorization. In other ways for an inefficient status of leading, the leader is a soft touch, whose leading manner is abandonment and fraudulence. Human Resource approaches leaders have faith in people and portion their belief ; they are perceptible and available ; they empower, increase engagement, support, portion their information, and travel in determination devising along into the organisation. Political Model In political model, the leader is a candidate, whose leading manner is confederation and edifice which best describes an effectual leading state of affairs. In a useless leading state of affairs, the leader is a streetwalker ; leading manner of leader is maneuvering. Political leaders make clear what they desire and what they can acquire through measuring the allocation of power and involvements ; they assemble linkages to other stakeholders, usage trickeries foremost, and so utilize dialogue and subjugation merely if necessary. Symbolic Framework In symbolic attack gives precedence on leading manner that leaders use for inspiration as an efficient state of affairs. In other sense of inefficient leading state of affairs is leaders are fool and their manners of leading is like fume. Managerial Grid In 1985 harmonizing to the Blake and Mouton Managerial Grid, besides recognized as the Leadership Grid describes two axes. Vertically it describes concern for people and horizontally describes concern for undertaking. Both of these axes have range from 0 to 9. Majority of people plunge someplace near to the Centre of the two axes Middle of the Road. Peoples can notch up on the utmost terminal of the graduated tables by traveling to the extremes. There are four types of leading manners by making to extremes ; that is, Authoritarian strong on mundane occupations, puny on people related plants State Club strong on people related plants, weak on mundane occupations Impoverished weak on mundane occupations, weak on people related plants Team Leader strong on mundane occupations, strong on people related plants Authoritarian Leader Peoples who get this ranking are really much undertaking related and are stiff on their workers. These types of leader ever expect people to acquire work done about what they precisely said with no issue or argument. Team Leader These types of single lead positively and act upon all the squad members to make in highest potency, both as squad members and as people. They encourage the squad to make squad ends every bit expeditiously as possible, while besides working diligently to do stronger the bonds between the assorted members. Productive squads are lead by them successfully. Qualities of people in leading places: There are three degrees of leading places in an administration. These are strategic degree, operational degree and squad degree. A good leader should possess some good qualities to manage this place efficaciously and tactfully. These are as follows: Good character Good personality Devotion Self confidence-this will assist them to place subsidiary s endowment fundamentally that will assist the concern to travel up Good communicating capability- it is really of import for any concern to run efficaciously without this it is impossible Good learner-it will assist them to develop Hazard taking ability Problem work outing capableness Relationships-this qualities need to keep positive relationship in all countries Creative minded-this qualities help them to convey any alteration when there is esteem demands in order to prolong in the concern for accomplishing high degree of success Positive attitudes Servant leadership-decision devising ability through sing the sentiment attraction with concern vision by exciting the followings Courage Advanced Good motive power Leadership development enterprises: There are several patterns which describe the best leading development enterprises. First, the good committedness between top leaders and directors and be extremely regarded, associated with concern scheme and resolute on the right concern issues. Second, through the designation of successful leading competences. Third, leading development is more of import than preparation of direction. If leaders are effectual in administration so all degrees of people in administration steered up. Fourthly, need to use leading all degrees of direction. Fifthly, leading development programme must include on-going attack like assignments for development, meetings with abroad opposite numbers, instance surveies etc. Finally, the successful incorporation of talent direction.[ 3 ] Examples of Starbucks company leading: In the history of Starbucks growing Howard Schultz was the greatest leader. In 1982, when Starbucks was traveling to worsen after presenting in the market. At that clip Howard Schultz was get appointed as a new CEO for Starbucks and accelerated the whole to go a planetary trade name worldwide. In my sentiment he merely transforms everything within a short clip. He made people understand that selling a cup of java in Starbucks is a lifestyle acquaintance, unlike any other cafe . He applied leading eventuality attack to do alterations in organizational scenes. Under Schultz s leading, the company has achieved a figure of mileposts. Starbucks was one of the first in private held companies in North America to offer two alone benefits to its spouses ( employees ) . He chiefly focused on clients and made them understand their demands.[ 4 ] Decision: At the terminal we can reason by summarizing on that leaders are born, non made . In early age of Leadership they thought that leader should posses some particular endowment in Born. That can non be possessed through acquisition, or developed though preparation. They did nt see the places every bit good as they were merely born to take. In current research on leading focused on the personality trait of leader that should hold. Now in our administration all the leaders are good educated and decently trained. They have got the cognition to manage the critical state of affairss. Presently in compared to corporate sector, Most of the administrations now concentrating on chief diverseness enterprises and it can undertake through behavioral attack of leading. These diverseness enterprises can merely be implemented through behavioral attack in todays or tomorrow s in the administrations. The quality of the leader is really of import. The success of the company is to the full depending on t he good quality of the leader.

Saving Private Ryan Movie Review Example | Topics and Well Written Essays - 1000 words - 1

Saving Private Ryan - Movie Review Example To create this point of view, Spielberg had to show us shots of Captain Miller looking at something and then shows us how the captain reacts to what the captain witnesses. This subjective point of view, not only appears during the first epic battle scene but also in other battle scenes throughout the film. There is another remarkable battle scene later in the film where the soldiers encounter German troops in the bombed-out remains of a French town. Spielberg is keen to show the viewer that men who fight in the war put their life on the line for others, not for heroism, but because it is their duty to do so. He clarifies this point by using Captain Miller’s point of view. Miller is a delightful, soft-spoken individual that experiences the horrifying violence of the battle scene as he sees other soldiers lose their lives. As the leader of his group, Captain Miller lets us in on the importance of winning the war and at the same time shows the viewer on his determination to complete his mission of saving Ryan’s life so that he can go back home.  One controlling motif in the film is the use of noise and silence. This motif is clearly brough t out especially since Spielberg uses Captain Miller’s point of view. There are moments of blasting noise around the soldiers, especially during the battle scenes. In these moments, the soldiers have to carry on regardless of the fact that they cannot even hear themselves or their captain. During the battle, there are also moments when Miller is oblivious to all that is happening around him and even though he can see everything clearly, it seems like everything around him is on mute. This happens during the first battle scene on the beach where a soldier tries to ask him for orders, and he snaps out of the silence back to the noise.  

3-5 year sample marketing plan Essay Example | Topics and Well Written Essays - 1500 words

3-5 year sample marketing plan - Essay Example The features of the products are completely in line with the mission statement of the company, which aims to improve quality and convenience of the lives of customers or users of the product. The key features of the new kitchen appliance are: â€Å"Quality† of the mission statement can be seen in the supreme quality of the product and the â€Å"convenience† part can be seen in the fact that the product is light, easy to use, and has multiple features which makes it convenient to use. Following the three way classification of consumer goods, which divides goods as convenience goods, shopping goods and specialty goods; this product can be classified as a shopping good because it will not be purchased regularly, like, milk, butter (convenience goods) or very rarely, like, luxury cars and designer goods (specialty goods). In order to consider the appropriate target market, following variables can be considered by the company: gender, household income, marital status and presence of children in the families (Pride & Ferrell, 2011). Kitchen appliances are particularly required by women for helping themselves in the kitchen. Income of the families will also be a major determinant for recognizing the probable customers. However, the company is trying to fix the price of the product reasonably, so that middle income group can easily afford it. The presence of children will also enhance the sales, as children love home baked cakes and the blender would hugely serve the purpose. So, basically women of the family with little children form the primary target market for the company. Competitive Rivalry: The competitive rivalry is very high in the kitchen appliance industry as competitors are mainly global ones, like, Haier, Electrolux, Whirlpool and Morphy Richards, to name a few (Letto-Gillies, 1996). The growth of any industry automatically slows down as it matures and competitors become more alike, given that the industry conventions emerge,

The Asian American Experience Essay Example | Topics and Well Written Essays - 1500 words

The Asian American Experience - Essay Example In the following passages, I will be discussing the Asian immigration experience in to the United States. The focus will not be so much in establishing a chronological account of the social phenomenon as in analyzing the social and cultural forces that have operated in the regard for Asian Americans. The Chinese were the first people to immigrate in large numbers to the United States by late 1840's. Driven by the desire to extricate themselves from economic hardship so prevalent in their country and the impending British takeover of China after winning the Opium War of 1839 -1842, the Chinese came in large numbers in the United States. They were attracted to do this due to the gold rush that was occurring in the California region. Most of them ended up as contract labourers. (Barkan, 2007) Discrimination showed its presence when the Chinese were obligated to pay the Foreign Miner Tax. This piece of legislation required all foreign miners to pay certain tax for their participation in the industry. The tax measure was only applied to Chinese workers in spite of the predominance of European immigrants. When they resisted paying the tax due to unfair application, the Chinese were physically abused and even murdered without hope of retribution from the justice system due to the fact that the law prevented Chinese immigrants from testifying against Whites in court. In the PBS documentary entitled Becoming... Almost 12,000 Chinese labourers were employed to the dirtiest and hazardous work by the Union Pacific and the Central Pacific in constructing mile after mile of railroad track. An estimated 1,000 of them died as a result of poor working conditions such as rock avalanches and explosion accident. Their wages were also about 60% of what European immigrants were paid. The list of discriminatory practices does not stop there. When the Chinese went into strike to ask for equality in salary, management cut off their food supply and starved them into submission. They were also treated as if they only had a minor contribution in the project's accomplishment as evidenced by their exclusion in the ceremony in Promontory Point, Utah celebrating the completion of the project. They were never mentioned in the speeches and were actually summarily fired and were forbidden to ride the train back to San Francisco. Seeing the Chinese as an economic threat due to the cheapness of their services in almost all trade, Americans embarked on a campaign of terror against them. There were several cases of lynching, murders and anti-riot practices ultimately resulting to the Chinese Exclusion Act of 1882. The Chinese immigrants were prohibited from becoming US citizens and incoming immigration from China was effectively hindered. Living in a society which prevented them from being integrated into mainstream culture and discriminated upon them wit respect to rights in education and owning of lands, the Chinese established what is popularly known as China towns where they can conduct business among themselves thereby limiting the need to trade and deal with American whites. The establishment of China towns

The Hollywood Studio System Film Studies Essay

The Hollywood Studio System Film Studies Essay In the 1930s Hollywood was dominated by The Big Five which included Warner Bros. Pictures, Paramount, RKO,MGM and Fox . There were also a number of smaller studios such as Universal Pictures, United Artists and Columbia Pictures , but in the early 1930s they never got to the same level of power as the others. The idea of a Studio system was set up between 1910 and 1920 and it stems from the fact that the studios had control of every aspect of the film industry. In the late 1800s and the early 1900s when the film industry was just starting out, production, distribution and exhibition were actually controlled by different companies. But by the 1930s the Studios actively controlled all aspects of the film industry from production to exhibition. They did this through a large number of trade agreements and through working together to help their joint issues. While according to records during 1900-1925 there were 64 film studios by the 1930s 95% of all revenue from Film was controlled by e ight studios, The Big Five and the Little Three. The start of the studio system was in 1910 and was started by Adolph Zukor. Zukor used his Famous Players company to make films and then distributed them around the world using his Paramount cinemas. It was Zukor that started the studio system and saw how best to sell film. Zukors aim was to make a stable system for selling and distributing films. Zukor first act was to take a look at the star system that been growing in American theatres, mainly in the Vaudeville theatres which held shows that were made up of a number of different acts. To help sell these shows, they would advertise which stars would be at the show . Zukor was also very interested in the French company Pathe. Pathe was the largest of the French film companies and was the first to have a global film empire and by 1906 they had offices in New York, London, Berlin, Vienna, they also had offices in south-east Asia,South America and Africa. The Pathe company was also the first to set up a system of mass producing films . Being able to create so many films so quickly meant they were able to flood the market with their products. Zukor also created a factory-like setting for the creation of his films, where each bit was handled by a different part of the company such as a set and costume. This allowed him to streamline the movie making process by having a number of movies being worked on at one time. By 1915 Zukor distributed all his movies using his Paramount cinemas. Now Zukor owned every aspect of his films production, distribution and exhibition and the studio system was born but, he still did not have a proper distribution network set up. When World War 1 broke out Pathe and a large number of other European film companies lost a large amount of their power and distribution networks. The war did not stop US companies who did not suffer at the disruption in Europe but actually grew from it. It was during this period that Zukor developed a system for distribution. He created a system based on runs, cinemas would be give a run such as first-run, second-run etc. The larger cinemas in large cities were given first-run status which meant that the film would be shown there first, it would then be shown in the second-run cinemas and overseas. The film would then not be shown for a period of time, which gave the film a chance to build up hype and demand. Without the intervention of Te levision the cinemas were the only place a person could see a film, if you missed the first run you would just have to wait and once there was demand the film would run for a second time. Zukor did this for as many runs as there was demand for. This in essence meant he would be able to get as much profit from the movie as possible. Due to the war many of the European companies could not catch up to the American companies and many such as Pathe sold their US and international businesses and actually left film making. By 1920 Zukor had set up a set of principles in which to govern the film industry. Hollywood was made up of a number of corporations that were able not only to produce films but also to distribute them and present them in a way that would make the maximum amount of profit for their corporation. Their aim was through the studio system to maintain all power in all aspects of the film business through careful strategies. Along with changes to the distribution and the exhibition this new studio system also changed the way these companies made their films. The first change was the sheer number of films being made. Through the new changes to distribution the companies had to make more money due to larger overheads. Before the Famous Players Company had made six to eight films a year but this only gave the exhibition side of the company less than a new film a month. It soon rose to 30 films a year giving the exhibition side two and a half new films a month. There was also a change in the actually size of the films themselves. When Zukor started in film he was fascinated by the larger films coming out of Europe. His goal was to change the image of film and make it more for the middle class. Before the studio system most films where one or two reels long. When Zukor tried to get The Passion Play (1910) shown he was told people who not sit through films that were more that two reels long. By 1914 many film such as Wraith of Gods (1914) were reaching around six reels. Maybe the largest change to film production was the film stars themselves. Zukor himself had actually foreseen the star system when he had hired James Hackett, a famous theatre star at the time. Zukor created the base for the star system when he signed Mary Pickford to work for his Famous Players company. He saw the need to contract stars , meaning if people wanted to see those stars they had to watch his films. By the 1930s the idea of movie stars had taken off. Films could be sold to theatres just by telling them who was staring in it. RKO was in fact saved by the selling power of two of its stars, Fred Astaire and Ginger Rogers. Due to the selling power of stars the companies made sure they put there top stars in as many films as possible, Shirely Temple was in around four films a year. With the cost of stars and the increase in the reel length of the average films and the invention of sound the cost of actually making a movie vastly increased. With this came a greater need to make profit on each film. The studios soon found out that the narrative films made the most money, the only time this was not true was in the case of Max Schmeling versus Joe Louis where the short of the boxing match was a bigger draw than the feature films that where shown after it. The key for the Hollywood studios was to create a system to make as many profitable narrative film as possible , they needed to make a narrative style which was formulaic and therefore easy to reproduce. If they where able to standardize they would have greater control over the qualities of the film and the standard of the product. They had already created a factory-like setting in the early 1900s and were able to create large numbers of one-reel films. While the streamlined manufacture did allow them to standardi ze things such as the quality of stars, sets, locations and create films quicker its main draw was it was able to keep the costs of films down. Due to its formulaic nature it was much easier to predict how much a future film would make. One of the key aspects of Classic Hollywood narration was the invention of the moving camera and while this greatly helped the filmmakers, it was actually created due to economics. With the invention of sound, cameras had grown larger and heavier, It was therefore a lot harder to move them around the set. So the studios created cranes and dollies to carry the camera, this made them a lot easier to move around the set. This actually saved money for the companies, as the cameras were more mobile it meant less time was taken moving them around meaning more of the days time could be done filming. The production side of the industry was always the most public and what many people think of when they think of the studio system. But the studio system was born of the need to control the market. It was primarily led by the exhibition and distribution side of the business. When Zukor started to develop the studio system he was mainly interested in finding a way to distribute films with out having to get approval of the Trust, who were the primary distributors of the period . The studio system created by Zukor was created to make sure that the studios got the most about of profit as they could from their films. The runs and clearance were set up with this in mind. They made sure a film would only stop being shown once the maximum amount of profit had been gained from it. The star system was also just created for economical gains, with stars being contracted to studios the only way to see that star was in that studios films at there cinema. The production side of film was also changed to help maximise profit. The factory like system of creating films in the 1920s was set up to not only keep production values constant but to keep cost down. Many of the changes to the production side such as the change to cameras or the classic Hollywood narrative where created to help keep costs down or to help create more movies in a shorter time. In 1910 Zukor had wanted to show longer films of 3-5 reel but could not, he saw that to show the films he wanted he would have to control the distribution and exhibition side of the film as well as the production.

The Maturation of Tom Sawyer :: Adventures Tom Sawyer Essays

The Maturation of Tom Sawyer Tom Sawyer, a mischievous, brave, and daring boy that goes through adventures in love, murder, and treasure. The Adventures of Tom Sawyer by Mark Twain is about a boy maturing from a whimsical troublemaker into a caring young man. In the "conclusion" Mark Twain writes, "It being strictly a history of a boy, it must stop here; the story could not go much farther without becoming a history of a man" Tom is now maturing throughout a span of adventures in love, treasure, and everyday life that make him more of an adult, then a boy. Tom's acts in love are childish and immature. At first, Tom's love for Becky Thatcher is just a crush. He tells Becky about his "marriage" to Amy and it starts a fight. After that, they both play a game of "hard to get". After this, Tom is too proud to apologize. Also, Tom makes good decisions. First, when Becky accidentally rips Mr. Dobbins' book a, Tom takes the blame, and this ends their feud. Another mature event takes place in McDougal's cave. When Tom and Becky are in the cave, they become lost. Then Tom takes responsibility for himself and Becky's life. These events are part of becoming a young man. At the beginning of the treasure hunt, it was fun, now it takes maturity. One mature act is when Tom and Huck stay close with Injun Joe to catch him. Also Huck is maturing when he decides that he must go for help because he over heard Injun Joe's plans for Window Douglas. On the immature side, when Tom and Huck realize that Injun Joe, the murderer, has the treasure, they aren't mature enough to get adult help. They feel that they're strong enough to handle it. The treasure hunt is a controversial adventure that Tom endures. Tom can now start to show his maturity everywhere, including at home. In the beginning, Tom is running from Aunt Polly's punishments, hurries through chores, and plays hooky from school. When he convinces kids to do his job of whitewash the fence for him, it shows immaturity. Also when he runs away from home to the island, he doesn't leave a note.

When to treat a condition as an absolute contraindication

A contraindication pertains to a state wherein the performance of a specific medical action is not recommended. There are two general types of contraindication that may be directly described in association with its urgency to a situation. A contraindication is deemed absolute when the procedure may not be entirely performed on an individual based of his current condition. On the other hand, a contraindication is relative when the situation of an individual does not entirely rule out the possibility of using a specific procedure unless it is essential that such specific procedure or action be performed. One example of an absolute contraindication is being in a highly infective state, such as having chickenpox. In this situation, the chickenpox virus has the ability to infect any other person that is directly interacting with the infected person and even through the air that is circulating around the room where the infected person is located. The infected person may also spread the chickenpox virus through coughing. Chickenpox is associated with skin blisters that are generally itchy and the fluid from these blisters is very potent in infecting other people that may it come in contact with. A person infected with chickenpox is known to be in a highly infective stage several days before the blisters appear on his skin. Hence, a condition such as chickenpox should be treated as a contraindication because the infected person is highly infective and may pose a health threat to other people surrounding him. Another example of an absolute contraindication is widespread inflammation such as rheumatoid arthritis. In this condition, the patient’s autoimmune system is not normal and his joints are generally inflamed and are very easily affected by drugs and any simple movements. The patient’s connective tissues are generally destroyed hence they have a difficult time in maintaining a normal posture and even simple movements are painful and difficult. In such condition, any type of body massage may not be advisable to an individual with rheumatoid arthritis because it is not helpful and beneficial for such an individual to receive any forceful procedures to the body when the individual is already suffering from joint pains. An individual who has been diagnosed with a severe condition such as Parkinson’s disease should also be considered as an absolute contraindication for several procedures. A patient with Parkinson’s disease suffers from a major disability in terms of motor movements. This condition, also known as dystonia, results in involuntary jerking of specific parts of the body such as the hands, arms or even legs. When an individual has been diagnosed with Parkinson’s disease, this individual’s condition should be treated as an absolute contraindication because his condition may present complications with most procedures. For example, surgery can only be performed on an individual with Parkinson’s disease if a medical release form has been issued by the patient’s primary physician. The reason behind this is that the patient’s condition may become more severe during or right after a specific surgery because his motor movements are not stable and controllable due to Parkinson’s disease. Another condition that should be treated as an absolute contraindication is a medical emergency such as appendicitis. In this situation, the individual’s appendix is infected and surgery needs to be done immediately, or else the patient may die from shock and from the infection (Rizk and Saleem, 2008). In this condition, any other procedure should not be performed unless surgery to remove the appendix has been completed and the incisions that were done on the patient have completely healed. The patient suffering from appendicitis also experiences extreme pain in the lower right portion of his abdomen hence he will be unable to perform any other action unless he is rushed to the hospital and surgery is done as soon as possible.

Timkens Case Study Market Entry at Romania Essay Example

Timkens Case Study Market Entry at Romania Essay Example Timkens Case Study Market Entry at Romania Essay Timkens Case Study Market Entry at Romania Essay TIMKEN CASE STUDY1Doan Thi Thu Ha Timken was known as a leading manufacturer of highly engineered bearings and alloy steels and famous for its tapered roller bearings with over 200 types in more than 30,000 sizes. It was also the market leader in mechanical seamless steel tubing and shipped more than one million tons of premium alloy steels annually. Timken was located in Canton, Ohio. However, its operation was not limited in Ohio but in twenty-five countries and employed over 20,000 people worldwide. In the early 1990s, Timken intended to take the U. S model to Europe with some customization for the local market and focused on case-carburized tapered roller bearings. In early 1997, Timken reviewed its strategy with specific aim for the European market: to gain market share, to lower its cost structure and to increase production capacity. It also addressed three segments: small bearings for automotive and light industrial markets, medium bearings for construction equipment and large bearings for process and other heavy industries. As Timken Polska fulfilled the small bearings plant requirement and Gnutti Carlo S. p. A. in Italy provided a medium-sized bearings plant, Timken had to search for a large bearings plant in Central Europe that would provide the company with low-cost manufacturing capacity. Rulmenti Grei in Romania could be the potential choice for Timken ¶s large bearings plant. Rulmenti Grei offered valuable assets from market share, equipments to skill engineers to help Timken to crack the European industrial bearings market. This acquisition would be consistent with Timken ¶s strategy of gaining market share, improving cost structure and increasing production capacity. However, Timken might face the difficulties of Romania ¶s political instability and the numerous operational challenges of integrating the plant into Timken ¶s global organization. Furthermore, as Rulmenti Grei produced a variety of bearing types, this investment could lead to the change in its century-corporate culture of focusing on tapered roller bearings. Timken also had to consider the acquisition cost and the additional investment they would undertake for plant upgrades and expansion. The merits of an acquisition of Rulmenti Grei and the risks for Timken According to the ranking system of Timken, Rulmenti Grei seemed to have a good assessment First, Rulmenti Grei had been a big manufacturer producing over 1,200 types and sizes of bearings including tapered, cylindrical, spherical, and ball bearings. Although tapered roller bearings currently represented only 18 percent of production, this proportion could be increased by retooling its equipment. Second, Timken was familiar with much of Grei’s equipment as It was made by an American machine builder. Third, the employees of Rulmenti Grei seemed to have high education and many of them had technical degrees. Furthermore, many professors spoke English fluently. Therefore, Timken could easily bring it up to US standards. Skilled talent is hard to find and difficult to retain. Local companies usually take advantages of this as they understand the culture, the behaviors and the expectation of local people to build up a strategy to attract talents (Bhattacharya, 2008). Thus, acquisition a company with impressive workforce could strengthen Timken’s competitive ability. Rulmenti Grei was considered as the good candidate for the company’s three-plant plan. It could offer Timken an opportunity to establish a stronger competitive position in the European industrial bearings market and to lower manufacturing costs across its heavy bearings business. It is said that local companies often win in the price war while the organizational processes and cost structures of many global companies make it difficult for them to sell products and services at optimal price points to satisfy both global, glocal, local and bottom customers (Khanna, 2006). Therefore, having effective cost structure would be the great advantage for Timken to become more competitive not only in Europe but also globally. Although Timken had several plants in Europe, their operation was less effective than those of competitors. With this acquisition, Timken could break into and dominate the European market and use it as the leverage to be the leader in bearing industry. However, the investment was not without risks. There are four types of risks in international business called cross-culture risk, country risk, currency risk and commercial risk. Cross-cultural risk refers to a situation or event where a cultural miscommunication puts some human value at stake. Country risk describes the potentially adverse effects on company operations and rofitability holes by developments in the political, legal, and economic environment in a foreign country. Currency risk is the risk of adverse unexpected fluctuations in exchange rates. Commercial risk refers to potential loss or failure from poorly developed or executed business strategies, tactics, or procedures (Boter Wincent, 2010). Investment in Rulmenti Grei , Timken might face the salient risks of political and economic instability. Romania’s economic growth was slower, inflation was higher, and the labor force was more volatile. Furthermore, there might be a risk of re-nationalization. It is said that economic risk analysis tells corporate leaders the ability of a particular country to pay its debt while political risk analysis tells them whether that country will pay its debt. Political risk measures the stability of individual countries through the combination of four factors: government, society, security, and the economy (Bremmer, 2005). However, the most important risks Timken faced were operations. Besides, the plant was struggling and lack a broad sales base outside Central Europe. Moreover, it sold most of its bearings to Romanian and Russian steel mills, whose business was in decline. An inability to make change rapidly could result in the need for Timken corporate to subsidize the Romanian operations for some time. Operating and organizational issues In order to gain broad acceptance of its product outside Central Europe, Timken need both technical and marketing expertise. First, Timken needed to improve the product to Western European standards. It would be difficult as steel quality was low, and the equipment was in disrepair. Even FLT where the technology and processes were relatively simple as it manufactured only tapered roller bearings, it had taken eighteen months to bring product quality up to Timken standards. Therefore, it would be impossible for Rulmenti Grei which had over 1,000 part numbers for four different bearing types to achieve Timken-level quality in six month. Further more, if Timken wanted to increase the proportion of tapered roller bearings production, new heat treatment equipment and workforce education in tapered roller manufacturing skills would be required. Besides, Timken needed to improve not only technology, technology but also raw materials to produce case-carburized bearings for industrial market with total additional investment of at least $8 million which was not a small figure. To bring Rulmenti Grei up to Timken’s quality was difficult but to convince potential customers that the product was of high quality and met their standards was also a big concern due to the fact that Western companies generally matched Central European manufactured bearings with poor quality. Applying Timken brand on these bearings producing to Western standards could help to gain the customers’ confidence. However, if the quality was not well controlled, it could damage Timken’s image and lead to a huge loss. Another issue was about what Timken would decide with other bearings that Rulmenti Grei was producing. If Timken decided to continue to produce these types of bearing, it might need to consider how to sell them and how to change its century-old corporate culture of producing tapered roller bearings. If Timken continued to focus only on tapered roller bearings, investment in equipment, technology and human resource must be high and the investment project would take a long time. Conditions to secure in framing the proposal and what the Romanian Government looked for in a winning proposal The Romanian government assessed the proposals based on the scoring worksheet including the acquisition price, future investment, and environmental remediation. Bidders were asked to nominate their acquisition price for 50. 99% of Rulmenti Grei which was for sale from a minimum of 183. 72 billion lei. In addition, bidders were required to indicate how much additional investment they would undertake for plant upgrades and expansion, and also what they would spend on environmental remediation. Romanian Government also expected bidders to put forward other more qualitative dimensions which could be influential in the final decision. Understanding the expectation of Romanian Government to satisfy them was the key element to win the acquisition. When a government was calling for an investment, of course they wanted an outstanding investor which had ability to drive the company successfully with a long-term investment not only for that company but also for society. Therefore, Timken would mention clearly in the proposal about its competitive strength and future development ability. In addition, Timken would focus on what Timken could do for the Rulmenti Grei as well as Romanian society such as a detail plan to make Grei become the biggest manufacturer in Europe which could bring thousands jobs for Romanian people by applying new technologies and processes. This investment would contribute much to Romania ¶s economic and technology as well as shorten the distance between Romania and other developed countries in Europe. Furthermore, Timken would show its investment in environmental protection and other activities to improve the Romanian environment, education, and living standards. Last but not least, Timken should also consider to nominate the appropriate acquisition price as it would be very difficult to win if its nominated price is much lower than that of other competitors. Furthermore, Timken could even ask for some commitment from Rumanian Government for a stable law in bearing industry or even a favorable treatment for Timken to ensure the sustainable growth especially in the first stage of investment. Proceed with a proposal or not? Globalization is said to be a double-edged sword (Bhattacharya, 2008). For all the pros and cons of this acquisition, the trade-off between benefits, costs and risks should be taken into consideration. However, one of the reason why Timken had not cracked the European market was its lack of competitive production capacity and a strong local presence on the continent, which was the home field of its two largest competitors, SKF and FAG. Although Timken had several manufacturing plants in Europe, the plants were low scale and less efficient compared to those of its major European competitors. Therefore, if Timken chose not to proceed this acquisition, the company would still need to secure low-cost manufacturing capacity some wherein Europe to build a platform to win European market. With its advantages as mentioned above, Rulmenti Grei was the best choice to support Timken ¶s mission, so taking this chance would open a new world of success for Timken. Moreover, SKF was keen on acquire Rulmenti Grei soif Timken did not take this chance, the distance between SKF and Timken might be lengthened and Timken might lose its competitive ability in Europe. Then, increasing European market share would be a big problem of Timken. Proceeding the proposal would be the lucid decision, however, the problem was how to analyze the risks accurately and mitigate them effectively. For example, as politics never stops moving, risk analysts must be able to follow a nations story as it develops with information gathered from journalists in the local and foreign press, current and former midlevel officials, and think-tank specialists (Bremmer, 2005). To mitigate the political risks, companies can maintain the good relationship with the government or become part of the country ¶s infrastructure or use local R, etc (Boter Wincent, 2010). In addition, companies can buy insurance for political risks such as the expropriation of property, political violence, currency inconvertibility, and breach of contract (Bremmer, 2005). However, it is worth remembering that though instability translates into greater risk, risk is not always a bad thing. Political risk in underdeveloped countries nearly always carries an upside because such nations are so unstable that negative shocks can do little further damage. (Bremmer, 2005). For the operational risk of not achieving Timken ¶s quality, Timken could mitigate it by controlling the materials, applying the qualified technologies, equipments, processes and management. The most importance is to prepare an accurate plan and try to apply these things as soon as possible. Expand its product line in response to European customer demand or not? In contrast to U. S where customers sought out specialty manufacturers for each bearing type, European customers preferred to buy all their bearings from a full-line producers. Thus, remaining a specialty manufacturer limited Timken’s potential market. Besides, Timken’s competitive position was also impacted by the lack of a full metric line for its bearings. In order to satisfy local demand, it would be necessary to expand its product line to compete with both local companies as well as international rivals. Each market often turns out to be unique because customers ¶ needs and tastes are idiosyncratic. Local companies are often the first to realize that and to build businesses. They are not constrained by existing products or by preconceived notions about customer needs. They customize products and services to meet different consumer requirements, and they initially go after economies of scope while many global companies find it costly and cumbersome to modify their products, services, and communications to suit local tastes. Global companies often end up occupying small, super premium niches (Khanna, 2006). When a business begins, it usually has only one product to satisfy a small group of customers. However, when it becomes famous, it is the time for it to develop something new to offer the customers. A broad product line and wide customer base may be the keys to success in tough times (Levine, 2001). The first advantage of product diversification is the increase of market share. By offering different products, company can satisfy a wide range of customers and enlarge its market share. Consequently, its revenue will increase and its brand will be known more wider and will be mentioned more frequently which leads to the higher brand value. Furthermore, this strategy also helps reduce overall business risk by offering products in a variety of customer categories to avoid having all eggs in one basket (Acevedo, 2009) and provide quick movement away from declining activities. LIST OF REFERENCE Acevedo, L. 2009. Product Diversification Strategy, Ehow website, retrieved [2010-11-17]. Bhattacharya, A. K. and Michael, D. C. 2008. How Local Companies Keep Multinationals at Bay. Harvard Business Review, 86(3): 84-95. Boter, H. and Wincent, J. 2010. Managing Networks and Internationalization  ± Lecture 2, UmeaSchool of Business. Bremmer, I. 2005. Managing Risk in an Unstable World. Harvard Business Review, 83(6): 51-60 Khanna, T. and Palepu, K. G. 2006. Emerging Giants. Building World-Class Companies inDeveloping Economies. Harvard Business Review, 84(10): 60-69. Levine, B. 2001, Diversify And Prosper, Electronic News (10616624), Vol. 47 Issue 25, p2. Mackenzie, S. 2003. The Timken Company: Market Entry Into Romania (A) Case Study,Stanford Graduate School of Business.

Chinese Etiquette for Visiting a Chinese Home

Chinese Etiquette for Visiting a Chinese Home It is becoming more and more popular for foreigners to be invited into Chinese homes for dinner. Even business associates may receive an invitation to be entertained at their Chinese counterpart’s home. Learn the proper etiquette for visiting a Chinese home. 1. Be sure to either accept or decline the invitation. If you must decline, it is important to give a specific reason as to why you can’t attend. If you are vague, the host may think you are not interested in having a relationship with him or her. 2. At the entrance to many homes, you may see a rack of shoes. Depending on the home, the host may greet you at the door in slippers or even stocking or bare feet. If this is the case, take off your shoes. The host may give you a pair of slippers or sandals or you may just walk around in your socks or bare feet. In some homes, a separate, communal pair of plastic sandals is worn when using the restroom. 3. Bring a gift. The gift may or may not be opened in front of you. You can suggest the gift be opened in your presence but don’t push the issue. 4. Guests will be immediately served tea whether you want it or not. It is impolite to request a drink or request an alternate beverage. 5. The mother or wife is typically the person who will prepare the meal. Since Chinese meals are served course-by-course, the cook may not join in the feast until after all dishes have been served. Dishes tend to be served family style. Some restaurants and homes will have separate chopsticks for serving the dishes while others may not. 6. Follow the lead of the host and serve yourself, however, he or she serves himself or herself. Eat when the host eats. Be sure to eat plenty of food to show you are enjoying it but don’t eat the last bit of any dish. If you finish off any dish, it will signal that the cook has not prepared enough food. Leaving a small amount of food is good manners. 7. Do not leave immediately once the meal has concluded. Stay for 30 minutes to an hour to show you have enjoyed your meal and their company. More About Chinese Etiquette Chinese Business Meeting EtiquetteChinese Customs for Meeting New People

Produce a research poster of A2 size on a commodity Essay

Produce a research poster of A2 size on a commodity - Essay Example Its corrosion resistance nature and ability to be shaped easily makes it a perfect material for roofing materials and drink cans (Kaushish, 2010). On the other hand, its low-density nature makes it effective for making window frames and building greenhouses. Aluminum is also a good heat conductor. This aspect makes it perfect for making cookware, cookers and boilers. Additionally, aluminum is mostly used as overhead power cables due to its good conduction of electricity (International Conference on Steel and Aluminium Structures & Lau, 2011). Lastly, the high reflectivity nature makes aluminum ideal for making reflectors, mirrors and firefighting. There are two sources of aluminum namely bauxite and recycling. In this case, bauxite remains the most common material that is mostly used in producing virgin aluminum (Prashad, 2006). Common bauxite-producing nations include Guinea, Australia, Brazil, China and Jamaica. Australia tends to produce at least 2.5 times of bauxite than other nations. Recycling also remains an important aluminum source. Alumina prices tend to influence its demand and supply. Additionally, the electricity prices influences its demand and supply (Kaushish, 2010). China remains the biggest aluminum importers in the market. Aluminum supply and demand in China depends on consumer preferences in the product. Common factors affecting aluminum price elasticity include number of substitute’s products, switching costs between products, strength of the product, time allowed after change in prices and consumer’s income percentage that is allocated to the product expenditure (Schmitz, Domagala, & Haag, 2006). An alternative for aluminum is the magnesium alloys. In this case, magnesium has the potential of meeting its current demands for reliable and lighter construction. Magnesium is a perfect alternative since they have comparable specific stiffness (Prashad, 2006). They also have higher energy consumption and specific strengths, which enable

Law for Non-Lawyers Summative Assignment Example | Topics and Well Written Essays - 2000 words

Law for Non-Lawyers Summative - Assignment Example The task of interpreting falls on the judge ruling on a particular case. The interpretation of the statute will be aimed at discovering the true intention that the legislature intended and put that into practice. Judges have been interpreting statutes for centuries now. In the past, though, the statutes were being drawn by very competitive legislature people and made the issue of interpretation almost non-existence, the same cannot be said of today. The task of interpretation of statutes has become very critical in the nineteenth, twentieth and twenty first centuries. The courts always find it necessary to interpret the statutes even though they have been drafted by experts. Some of the reasons that may be attributed to the inconsistencies, and therefore the need for interpretation, include the following. First, words are not necessarily the perfect symbols of communication. Depending on the context and the time the words were written or spoken different meanings can be derived from the same words. Secondly, some situations that were unforeseen at the time of making the legislation will also necessitate adequate interpretation to give consideration to the recent development. These developmen ts may include change of culture and or technologies which make the application of a particular statute difficult. The third reason may be the need to take care or give special treatment to special interest groups (Kim, 2008). In their duty of interpreting the statutes, the judges may use several instruments at their disposal; these include rules and canons or doctrines that guide interpretations. Some of the rules include the literal rule, the mischief rule, the golden rule and the purposive approach. The doctrines include ejusdem generis and noscitur a sociis among others. This paper examines a case of Tom allegedly in breach of the Prohibition of Unsolicited Parties (Fictitious) Act 2010 that prohibited the gathering of more than a hundred persons on a