The Impossible Trinity

The impossible trinity Stephen Grenville, 26 November 2011 The impossible trinity doctrine – that it is not possible to have a fixed exchange rate, monetary policy autonomy, and open capital markets – still holds powerful sway over policymakers and academia. But it does not reflect reality in East Asian emerging countries. Assets in different currencies and different countries are not close substitutes. Capital flows to emerging countries present serious challenges, but the trinity is not the best framework for analysing the policy options.Capital flows are rarely discussed without a genuflection in the direction of the impossible trinity, also known as the trilemma. For example, Magud et al (2011) write: â€Å"†¦ a trinity is always at work. It is not possible to have a fixed (or highly managed) exchange rate, monetary policy autonomy, and open capital markets. † According to the trilemma, a stable exchange rate without capital controls requires domestic an d foreign interest rates to be equal. Otherwise, ‘uncovered interest arbitrage’ will force continuous appreciation or depreciation of the currency.As such, nations without capital controls must choose between stabilising the exchange rate (by slaving interest rates to foreign rates) and stabilising the domestic economy (adjusting interests slaved to domestic macro conditions but letting the exchange rate fluctuate). Mechanically, this is enforced – according to trilemma logic – by substantial capital inflows or outflows and the impact of these on the money supply. Why this doesn’t fit the East Asia experience Since the 1997–98 Asian crisis, East Asian countries have clearly run their own independent monetary policies.   They have successfully set interest rates to broadly achieve their inflation objectives. As Figure 1 shows, they are most definitely not all slaving their rates to foreign rates. Figure 1. Despite this, their exchange rates have been fairly stable. They have managed their primary exchange-rate objective – leaning against the prevailing appreciation pressures in order to maintain international competitiveness (see Figure 2). Remember that according to the classic trilemma, the similarity in exchange-rate movements since the global crisis should have coincided with identical interest rate levels (all equal to, eg, the US nterest rate); comparing Figures 1 and 2, we see this isn’t the case. Figure 2. These attempts to restrain appreciation have involved heavy government intervention, resulting in very large increases in foreign-exchange reserves (Figure 3). This didn’t, however, cause excessive increases in base money (Figure 4), thanks to effective sterilisation by open-market operations and increases in banks’ required reserves. Figure 3. Foreign-exchange reserves as a share of GDP Figure 4. Growth in foreign-exchange reserves (y-axis) and base money (x-axis), Percent, 2001â €“07 Why doesn’t the trinity apply?There are four reasons why the trinity doesn’t work in East Asia. First, if uncovered interest parity held, markets would treat different currencies as close substitutes. An investor would know that the interest differential would be a good guide to where the exchange rate was heading and even small interest differentials would trigger large arbitrage flows. It is now abundantly clear that interest parity offers feeble guidance for the exchange rate–interest rate nexus (see Engel 1996). The parity condition often gets the direction wrong, let alone the quantity (Cavalo 2006), as it does for six of the seven countries illustrated in Figure 5.Figure 5. Annual average interest differential versus change in exchange rate 2001–10 Capital flows responding strongly to interest differentials are the core element in the impossible trinity story. But in practice: * Different currencies are not close substitutes; and * Capital flows are driven by many other forces besides short-term interest differentials. Second, instead of well-formed views on how different currencies will behave over time, there are fluctuating (sometimes wildly fluctuating) assessments of risk attached to cross-currency holdings.The higher interest rates generally available in emerging countries have encouraged carry trade–type capital inflows, but these were offset by official reserve increases (Figure 6). Figure 6. Net capital flows to emerging countries ($ trillion) Third, the impossible trinity envisages that any intervention to prevent these capital flows from bidding up the exchange rate will be fully reflected in base money increases which will, in turn, thwart the authority’s attempts to set interest rates as desired.But this sort of base money-multiplier view of monetary policy no longer corresponds with the way monetary policy works in practice. These days the authorities set the policy interest rate directly v ia announcement, while managing liquidity in the short-term money market through open-market operations, including an effective capacity to sterilise foreign-exchange intervention (Figure 4). In some cases (eg China) excess base money was effectively sterilised through increases in banks’ required reserves.Thus capital flows do not usually prevent the authorities from setting interest rates according to their objectives. Finally, the impossible trinity envisages that any official intervention in foreign-exchange markets will be taking the exchange rate away from its equilibrium, opening up arbitrage opportunities. But suppose, instead, that the authorities have a better understanding (or longer-term view) of where the equilibrium lies, and are managing the exchange rate to maintain it in a band around the equilibrium.East Asian countries have not, in general, prevented some appreciation of their exchange rates, but they have sought, through intervention, to prevent momentum-d riven overshooting. Is there a useful softer version of the impossible trinity? Even if the impossible trinity in its pure version does not hold, is it still a useful concept in a looser version, as a reminder that there are interconnections and policy constraints between interest rates, exchange rates, and capital flows?Frankel [2] As they become more closely integrated internationally, foreign investors will increasingly respond to this underlying profitability differential. How can this prospect of sustained higher returns be reconciled with portfolio balance for the foreigners whose initial portfolios are in the lower-return mature economies? This, not the short-term impossible trinity problem, is the policy challenge Conclusion The impossible trinity began as a useful theoretical insight into the nteractions of policy instruments. It is still a useful blackboard reminder that not all policy combinations are possible. The blackboard illustration, however, has been adopted as a d octrinal policy rule. This over-emphasis on a simple thought-experiment may have been because it served to support the arguments for free-floating exchange rates. The argument went like this: capital controls are not workable; if you want to have your own monetary policy, then you have to let your exchange rates float freely.But the impossible trinity was a stylised insight relying on simplified assumptions. The real world was always more complex and nuanced. Of course there is some connection between interest differentials and capital flows. But there are other forces motivating capital flows, and these are much more random and non-optimising than envisaged by the impossible trinity. The fickle changes in risk assessments, mindless herding, and booms and busts in the capital-exporting countries make international capital flows volatile in ways not envisioned in the trinity.Author’s Note: This column is based on ‘The Impossible Trinity and Capital Flows in East Asiaâ₠¬â„¢, Asian Development Bank Institute Working Paper 318 November 2011. References Aizenman, J, MD Chinn, and H Ito (2009), â€Å"Surfing the Waves of Globalisation: Asia and Financial Globalisation in the Context of the Trilemma†, Asian Development Bank Working Papers No. 180. Cavalo, M (2006), â€Å"Interest Rates, Carry Trades, and Exchange Rate Movements†, FRBSF Economic Newsletter 2006/31.Engel, C (1996), â€Å"The forward discount anomaly and the risk premium: a survey of recent evidence†, Journal of Empirical Finance (32): 305–319. Frankel, JA (1999), â€Å"No single currency regime is right for all countries or at all times†, Princeton Essays in International Finance 215. Magud, NE, CM  Reinhart and KS  Rogoff (2011), â€Å"Capital controls: myth and reality – a portfolio balance†, Peterson Institute Working paper 11-7 1 Except, of course, Hong Kong, with its fixed rate. Singapore is a special case, implementing monetary p olicy via the exchange rate rather than interest rates.Its capital market is open; it closely manages its exchange rate; and it has an independent monetary policy, achieving its objective of having one of the lowest inflation rates in the world. 2 Some might see this same argument in terms of growth rates. Interest rates will approximate the economy’s growth rate (whether measured in real or nominal terms). Thus the higher prospective growth rates of the emerging countries will be accompanied by higher interest rates. Share on linkedin Share on facebook Share on twitter Share on email More Sharing Services 12

Global Warming, Human or Nature’s Fault?

Along a busy street, a bearded man looking like a prophet is ringing a medium-sized bronze bell in his right hand and holding a sign in his left hand which reads, â€Å"The end is near.† Is humanity to blame or is it just an environmental phenomenon that is induced by nature?This is the overlying debate that has been revolving around the minds of the people of the world. On one hand, there are those who argue that the threat of global warming is human-induced. While on the other hand, there are also those assert that nature is truly the responsible for this. The issue on global warming has always been put as an agenda in the international community for several years now. However, it has only been in the year 2007 that global warming has been given the attention it warrants or deserves.The recent facts and studies made and collected by numerous countries, agencies and organizations across the world have come to an agreement that the world is facing a substantial threat that may cause catastrophic consequences or results that may alter the history of mankind itself. Therefore, in order to battle this threat, the world is trying to understand the primary cause that is making this phenomenon. In doing so, society is looking at either the human explanation or the natural one.Those who are proposing that global warming has been a human-induced product rely on several factors. First of all, they say that the greenhouse gases have been contributing a significant amount of damage that is drastically changing the world’s climate. The major greenhouse gas contributing end-user sectors are the industrial, transportation, residential, commercial and agricultural (U.S. Greenhouse Gas Reports).Moreover, the pollution brought by cars and other heavy machineries such as equipments used in factories are making the atmosphere worse every minute. The fact is that in the United States, more than 90% of greenhouse gas emissions come from the combustion of fossil fuels (U.S. EPA). There are also the problem of dumping garbage and other waste materials. Another factor for human’s induced climate change is deforestation due to the prevailing focus on progress and development.The main cause of deforestation in some countries is the growing population and subsequent higher demand for agriculture, livestock production and fuel wood (Sucoff, 2002, pp. 358 – 359). Finally, the government and private corporations are cutting costs when it comes to being environmentally friendly.The problem or the excuse most are saying is that economic profits or gains will be cut and funds will be needed for the environmentally friendly technologies (Rudiman, 2005, p.153).Others who are proposing that global warming is nature-induced are forwarding the data and research they made scientifically. The basis for their proposal states that global warming is just an environmental phenomenon made by nature itself. They are proposing that this incident have happen ed already in the past as part of a normal cycle the world goes through (Trenberth, 1997).Moreover, there is even geological evidence which states that the earth's climate changes quite a lot; sometimes colder than today and sometimes warmer.   Some have suggested changes in the sun's output of radiation, or changes in the amount of dust in the atmosphere from volcanoes or meteor impacts as natural causes.The earth's climate changes in response to external forcing, including variations in its orbit around the sun and also volcanic eruptions (Robock & Oppenheimer, 2003, p. 360). In addition, the atmosphere to trap reflected sunlight and thus cause the atmosphere to heat up.The two sides are trying to understand the cause of this phenomenon to further gain valuable knowledge and information in dealing with it. But in essence, it is undeniable that global warming poses a substantial threat to society.Works CitedRobock, Alan, and Clive Oppenheimer. Volcanism and the Earth’s Atm osphere,   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Geophysical   Ã‚   Monograph 139, American Geophysical Union, Washington, DC, 360, 2003.Ruddiman, William. â€Å"How Did Humans First Alter Global Climate?† (PDF). March 2005 issue. Scientific American. 153, 2005.Sucoff, E. Deforestation. In Environmental Encyclopedia. (P.g.358-359). Detroit: Gale, 2003.Trenberth, Dr. Kevin. Global Warming: It’s Happening. Natural Science, December 4,   Ã‚   1997.US EPA. Inventory of U.S. Greenhouse Gas Emissions and Sinks: 1990-1998,   Ã‚   Rep.   Ã‚   EPA   Ã‚   236-R-00-01. US EPA, Washington, DC, 2000.U.S. Greenhouse Gas Inventory – U.S. Greenhouse Gas Inventory Reports | Climate   Ã‚  Ã‚  Ã‚  Ã‚   Change – Greenhouse Gas Emissions | U.S. EPA

Kingdom of Heaven

The Middle East has been a continuing source of rich history since the early times. Widely chronicled events in its history were the Crusades in which the â€Å"Kingdom of Heaven was based.† The story deals with the Crusades of the 12th century, and involves an artificer (a military mechanic; French: artificier) and Engineer (that is, someone who makes siege engines), serving as a village blacksmith who goes on to aid the city of Jerusalem in its defense against the great Islamic leader Saladin, who battles to reclaim the city from the Christians. The script is loosely based on the life of Balian of Ibelin (wikipedia.org, 2006) How the Crusades started were caused by religious, economical and political reasons. The order burning the Church of the Holy Sepulchre by a Fatimid caliph, and the molestation of pilgrims, cruelty of Muslims toward Christians, and following the papal â€Å"foreign policy† of expanding Christianity were religious sources of conflict why the Crusades were undertaken. One of the economical concerns was the overpopulation of Western Europe, consequently having the idea that Eastern Europe would be a new territory to conquer and would provide the necessary resources to provide for Western Europe’s burgeoning population, and politically, the Crusades would pave the way for wider trade. It would seem that the differences of faith is still one source of conflict today, considering the fact alone that Jerusalem is the central land of worship of different great religions, Christianity, Judaism and Islam, as of the present time. These different religions with different beliefs, different perspectives, try to assert the claim that Jerusalem, by right, is there own Holy land. They do not know how to share as neighbors. Conflict arises. The oil-rich Middle East today provides for a backdrop of political and economical maneuverings by different countries, with vested interests of their own, to gain control of this rich region. The phrase â€Å"History repeats itself† is justified. Reference: www.wikipedia.org, 2006 [webpage] http://en.wikipedia.org/wiki/Kingdom_of_Heaven_%282005_film%29 date accessed: 16 December 2006

Fraud And Capital Market Research Paper Example | Topics and Well Written Essays - 2500 words

Fraud And Capital Market - Research Paper Example These eroded financial statements are referred to as fraudulent financial reporting which can be defined in broad sense as deliberate misstatements or oversight of monetary values or disclosures in financial statements prepared to mislead financial statement users. Previous cases of fraud have left investors and regulators looking for answers like how can creative accounting be stopped, how it start and who is to blame when its revealed in their companies. Generally, these entire questions seem to be answered by putting liabilities to management for failure to comply with Generally Accepted Accounting Principles (GAAP). Again, failure to detect fraud can be a backlog of independent auditors for failure to apply Generally Accepted Auditing principles (GAAP) accordingly. To counteract these frauds, regulators, corporations and government have instituted various professional ethics and liability laws to reduce such cases. Fraud detection and procedure Fraud detection is not necessarily the duty and obligation of the obvious and recognized agents such as investors, SEC and the independent auditors; rather it is the obligation of community which includes the media, industry regulatory actors, and the company employees. According to the research conducted by the (Kuhn & Sutton, 2006) whistleblowers defer in their capacity to detect frauds. Essentially, the researches indicate that, under legal duties and obligations, the independent auditors and the security regulators are the primary detector agents, auditors can either be internal or external. A fraud can either be detected by an internal auditor or external auditor since both have mutual interests in regard to internal financial controls. The internal auditor is usually part of the company or organization; their roles are stipulated by their respective boards, management and the professional standards while external auditors are not part of the organization but in the line of duty they are engaged by the organization (Harrison 2002). Their roles are set by their client and primary statute for a purpose of providing an independent opinion toward the organization financial statement and this is done annually. Both external and internal auditors ought to meet and share common interest which are directly related to auditing Procedures that auditor needs to go through to discover fraud There are three main steps auditors go through in detecting fraud, these steps are planning, execution and reporting, these steps involve follow up actions that reflect the performance of the audit. In a normal audit, fraud detecting can be done during the planning and execution stage. The table below show procedures an auditor ought to go through in order to detect fraud. Overview of fraud and detection process during normal audit During planning, the auditors assess the risk of fraud; this involves discussions between auditors to consider how and where the financial entity is lik ely to be susceptible to fraud (Harrion 2002). This assessment involves known external and internal factors that affect the financial entity and also consider risk of management overrule of control, and how the auditor is likely to react to the susceptibility of the entity in regard to fraud. During planning, it is important to obtain information required to identify fraud. The auditors are supposed to get sufficient

Law Sociology Case Study Example | Topics and Well Written Essays - 1750 words

Law Sociology - Case Study Example However, a warning has to be made on the public speaking system to ensure that no people are present when the sluice gates are opened and the water rushes in a torrent. On the afternoon of June 23, 2002, this did not happen when the sluice gates were opened. As a result two people drowned and seven were bodily injured. The case came to trial in the Ontario Court of Justice in January 200. The two accused personnel, John Tammage and Robert Bednarek were accused of 'criminal negligence.' The trial was a lengthy one and took 75 days getting over in December 2006. Both the accused, John Tammage who was a part of the management team and an electrical engineer and, Robert Bednarek who worked in the electrical department as an operator, were acquitted of the negligence charges. The court ruled that the defendants did not have any motive and their actions were devoid of any criminal intent. 0.1 Analysis: The judgment ruled in favor of the big company and expectedly did not relieve the common people. This ties in with the differential social organization theory of Sutherland in 1938. The theory states that crime is backed by some organizations. In other words, it claims that crime is inherent in certain big firms. The higher authorities or government choose to ignore it or support it. Either way, crime benefits by garnering more support and voice. This theory can be further explained with reference to the securities industry. The securities industry expects a certain amount of fraud and theft to occur every year. The industry does not react to prevent such petty crimes and thus encourages crime to exist and flourish in society. This crime is organized within the industry. Sutherland adopted the concept of social disorganisation to explain the increases in crime that accompanied the transformation of preliterate and peasant societies where "influences surrounding a perso n were steady, uniform, harmonious and consistent" to modern Western civilisation which he believed was characterised by inconsistency, conflict and un-organization (1934: 64). He also believed that the mobility, economic competition and an individualistic ideology that accompanied capitalist and industrial development had been responsible for the disintegration of the large family and homogenous neighbourhoods as agents of social control. The failure of extended kin groups expanded the realm of relationships no longer controlled by the community and undermined governmental controls leading to persistent "systematic" crime and delinquency. He also believed that such disorganisation causes and reinforces the cultural traditions and cultural conflicts that support antisocial activity. The systematic quality of the behaviour was a reference to repetitive, patterned or organised offending as opposed to random events. He depicted the law-abiding culture as dominant and more extensive tha n alternative criminogenic cultural views and capable of overcoming systematic crime if organised for that purpose (1939: 8). But because society is organised around individual and small group interests, society permits crime to persist. Sutherland concluded that "if the society is organised with reference to the values expressed in the law, the crime is eliminated; if it is not organised, crime persists and develops (1939:8). Sutherland bases the theory on a few assumptions: 1. Criminal behavior is learned in interaction with other persons in a process

Growth of Crime Prevention in the UK Essay Example | Topics and Well Written Essays - 1750 words

Growth of Crime Prevention in the UK - Essay Example The essay will also discuss some of the key events and conflicts that have led to the development of these policies from the 80s to date. Finally, it shall discuss the limits to crime prevention as a strategy for controlling crime in Britain. The State Welfare Crisis Lea (1997) notes that the 1997 election of the conservative government under the leadership of Margaret Thatcher is significant in the development of the UK’s social policy. After the Second World War ended all the way to the 70s, a consensus was stuck embracing both the Conservative and Labor parties. The two parties came together in thought in what historians refer to the Keynesian Welfare state. The Labour party’s policy was based on the assumption that the economic policy of Keynesian would guarantee citizens full employment and economic growth. This would help in the elimination of poverty as well as associated social problems (Gilling 1997 p.35-66). Secondly, the Labour party campaigned on the ground that if elected to power, it would introduce a substantive system that respects social rights including the right to state education, healthcare, a minimum wage, and better housing. This in turn would ensure a cohesive, homogenous and stable economy. Lea (1997) reveals that around the 1960s, it became apparent that the zones within UK that still experienced high poverty rates, economic backwardness, and increasing rates of small criminal activities were opposed to the incorporation of general affluence. Because of this, they were associated with ‘social pathology’. These areas, which include decaying central city, and older industrial areas were perceived to be in need of strategic and decisive intervention of experts’ social engineering, that includes education, social work and skill training intervention in family pathology as well as at the additional economic resources level among others (Gilling 1997 p.35-66). Under the above spectrum of policies, criminalit y occupied a minor position (Lea, 1997). Lea notes that the rate of crime was relatively low even in places that were underdeveloped. Juvenile delinquency was not given much attention as it was seen as a maturity state from childhood to adulthood (lea, 1997). In this case, the main issue with regard to criminal justice policy between 1950 and 60s were those of penal reform (Gilling 1997 p 45-67). Lea notes that juvenile delinquents were mainly treated based on a strong philosophy that advocated for social reintegration. This was done through welfare, rehabilitation therapy, and special education instead of punishment as prescribed by the judicial system. Towards the end of 1970s, the new strategy developed by Keynesian Welfare State concerned severe political and ideological crisis (Lea 1997). To begin with, it was evident that the strategy had failed to do away with social iniquity and eliminate poverty. When Thatcher government came into power, it laid an elaborate decisive ideolo gy transforming the welfare state from providing ineffective solutions to crime to fighting social injustice by establishing their root causes (Lea 1997). In this case, the philosophy of social collectivism and the welfare state were perceived to undermine the cultural entrepreneurship which had at one time transformed UK to a dynamic society. Under the Thatcher government, the increase in criminal activities and poverty were perceived as the result of dependence on welfare

Introduction to cultural and historical studies Essay

Introduction to cultural and historical studies - Essay Example Nowadays, however, haute couture is no longer trickling down in the same dominant flow, as subcultures and gender positions evolve (Barker 2000). The postmodern society reflects globalisation of brands, where heterogeneity exists and persists, and where bubbling up mixes with trickle downs to form social identities (Kratz and Reimer 1998). This paper will talk about fashion and appearance of the haute couture in postmodern context and will explore how fashion and appearance help people create their social identities through cloth rite. This paper argues that clothing rite portrays evolving concepts of masculinity and femininity in the new haute couture of the postmodern society through mixtures of trickle down and bubble up phenomena. This section discusses a short overview of haute couture’s evolution from trickle-down theory to bubbles up and to a mix of both. During the nineteenth century, the French led the rise of haute couture, where the elite classes define fashion tren ds and appearance statements (Veblen 1994: 52). The masses endeavoured to copy the elite, a signification of their desire for social mobility: â€Å"The result is that the members of each stratum accept as their ideal of decency the scheme of life in vogue in the next higher stratum, and bend their energies to live up to that ideal† (Veblen 1994: 52). As a result, the masses tried to replicate the clothing rite of the rich, although they were limited by their own resources. Reproduction of the lower class, however, would be undermined by the upper class’ revision of their dress codes. Social demarcation cannot be maintained if homogeneity was too perceptible â€Å"and thus the game goes merrily on† (Simmel 1973: 175). This game is largely a game owned and manipulated by the elite. They use their fashion and appearance to differentiate themselves from the masses and enforce power over the latter (Miller and Real 1998: 19). They form clothing rites that are expens ive and continuously changing. In a way, they are saying that people beneath them cannot catch up that easily, for the former need the same game of life to preserve the status quo that protects and promotes their upper-class interests (Simmel 1973: 175). The rules and language of the game changed at the postmodern era. Postmodernism has no single definition, but is often described in terms of its principles. First, Lyonard argues that postmodernism emerged when the grand narratives broke down, especially the narrative that exhorts the problem-solving purposes and ends of science (Miller and Real 1998: 19). Second, Baudrillard underscores that global communication technologies allowed for a â€Å"culture of mass production and simulacra† and from henceforth, originality has stopped (Miller and Real 1998: 19). Third, consumption transitioned from the puritan ethic of consumption to â€Å"commercial ethic of conspicuous consumption† (Miller and Real 1998: 19). Baudrillard stresses that reality have turned into hyper-reality, where authenticity and representation has exploded and sign systems have replaced objects as a whole

World War 2 Research Paper Example | Topics and Well Written Essays - 750 words

World War 2 - Research Paper Example The chaotic world was put to a halt after this incident. Although Germany was rapidly expanding during the onset of war, its expansion was abruptly put to a halt leading to its contraction. The work at hand specifically focuses on this point. In particular, this addresses about the German expansion into France and then how it was retaken by the Allied nations. German domination of the European continent was remarkable. It started in Poland, continued to Denmark and Norway, Luxembourg, Netherlands, Belgium and then down to France. Northern France then became under the German military rule. German expansion into France was realized after successfully engaged with the latter to take control of its northern part and Atlantic coastline (Perry et al. 231). This remarkably had increased the opportunity of Germany to rule over the European continent, minimizing the total control of the two of the nations in the Allied powers, Britain and France. Britain and France were originally allies, the two countries which declared policy of appeasement and switched to a policy of deterrence, which eventually ignited Adolf Hitler’s control over Austria and Czechoslovakia in 1939 (Epley and Rush 87). At the onset of the World War II when the atomic bomb in Japan exploded in Hiroshima, as an upshot of the US’s retaliation of the former after the bombing of the Pearl Harbour, the German rule subsided, paving the way for the Allied powers as spearheaded by the US to take control of the world. This resulted to strengthen once again the ties between Britain and France, allowing to loose German’s dominion in some part of Europe where there was strong link to the Allied powers. The Axis powers eventually diminish in some portion, and this remarkably implies putting the expansion of their powers to a halt, allowing the Allied to take over and gain a remarkable control of the entire world. Thus,

Compare the imagery in the following two poems Essay

Compare the imagery in the following two poems - Essay Example metry?† In the same manner, he also vividly provided us the fierceness of the tiger as he painted its image as â€Å"Burnt the fire of thine eyes?  / On what wings dare he aspire?† Blake also used metaphors in the succeeding line using metaphors such as â€Å"fire† to further describe the fierceness and power of the â€Å"Tyger†. Then Blake wrote with a certain degree of awe when he ascribed the â€Å"Tyger† as a mere creation of a Creator that he asked, â€Å"And what shoulder, & what art† have created it? He would like to ask the intelligence who made it because the Tyger is so fierce that it could turn against its maker evident with these lines â€Å"What the hammer? what the chain?   In what furnace was thy brain?  / What the anvil? what dread grasp  / Dare its deadly terrors clasp?† Finally, when his questions were already made about the tiger and its Creator, he wondered if its Creator was pleased to create the tiger with the question â€Å"Did he smile his work to see†. This poem more than its visual narration is more metaphysical in nature as it asked creation, God and His Wisdom. It used metaphors and vivid imagery for his point to be effectively conveyed to its readers. Unlike the â€Å"The Tyger† which has heavy metaphysical theme, Blake’s other poem entitled â€Å"Daffodils† is really a poem of appreciation for nature. As one would read through the poem, it was as if Blake is tour guiding the reader about the Daffodils when he â€Å"WANDERD lonely as a cloud / That floats on high oer vales and hills, / When all at once I saw a crowd, / A host, of golden daffodils; / Beside the lake, beneath the trees, / Fluttering and dancing in the breeze†. In reading these lines, the imagery is so alive that it was as if Blake himself had taken the reader â€Å"beside the lake and beneath the trees†. After being under the trees, Blake asked the reader to look up to the skies to see what he saw. It’s the â€Å"twinkle on the Milky Way† as it stretched throughout

Gospel Interpretation Project Research Paper Example | Topics and Well Written Essays - 750 words

Gospel Interpretation Project - Research Paper Example During Lazarus time, the dead were buried immediately after their death. This was because there were no preservatives of the dead body and burial had to take pace immediately so that the body did not decompose and become a bother to the people. Moreover, there were burial rites that needed to be observed. For example, in the case of Lazarus, he was wrapped with white clothing before he was buried according to the Jewish culture. Similar to many other cultures, people went to mourn with the family of the deceased. This explains why there was a crowd surrounding the home ground of Lazarus that Jesus found when he went to visit four days after his death. The people were aware that the body underwent decomposition after burial because the sisters to Lazarus indicated to Jesus that they were afraid that he was rotting and smelling already. Moreover, the people exhibited fear for the dead as they were not aware of the real condition of the dead. This explains why they were shocked when the y were shocked when he was resurrected (Harris 403). Prior to the event of resurrecting Lazarus, the Jews had threatened to stone Jesus. Therefore, the disciples were against the idea of Jesus joining any crowd that comprised of the Jews. However, Jesus indicated that it was during the day and he had twelve hours to complete his daily activities. It was at this point that Jesus made the disciples aware that Lazarus had died. However, at first he said it figuratively giving the disciples the impression that he was just asleep. After realizing that the disciples has not grasped the meaning f his words, he said it clear that Lazarus had died. However, he mentioned that it was a good thing that he had not been there during his death because this could present a good opportunity for them to believe. With this, Jesus was referring to the event making people believe that he was the son of God (V., C n.p). On

Reflection Week Essay Example for Free

Reflection Week Essay Apply ratio, vertical, and horizontal analyses to financial statements Ratio analyses are used by companies to gather information in a company’s financial statement. Ratios and numbers from a company’s current year are compared to previous years and sometimes even the economy to judge the company’s performance. There are several ratios such as profitability ratios, liquidity ratios, activity ratios, leverage ratios and market ratios that can be used to calculate financial information. In vertical analyses, each entry of the assets, liabilities and equities in a balance sheet is represented as a proportion of the total account of the financial statement. In horizontal analysis a company’s ratios are compared in the financial statements over a period of time. Horizontal analysis can be used from revenues to earnings per share. Prepare a statement of cash flows using both direct and indirect methods. When preparing a statement of cash flows, there are two different methods that can be used; there is the direct method, and there is also the indirect method. The direct method shows operating cash receipts and payments, making it more consistent with the objective of a statement of cash flow, while the indirect method adjusts net income for items that do not affect cash. The FASB allows both methods to be used because in the end the results of the total amount for net cash provided by operating activities arrive in the same way. Companies use numerous adjustments when preparing such statements so following a proper guide such as the direct method or indirect method will help to ensure that everything is properly in order the way it should be. Prepare journal entries associated with the issuance of preferred and common stocks and the declaration and payment of dividends The issuance of common stock affects only paid-in-capital accounts. Always record common stock at its par or stated value. Debit Cash and credit Common Stock. Preferred stock has preference over common stock. However, preferred stockholders do not have voting rights. The entry is debit to Cash and credit to Preferred Stock. For a corporation to issue cash dividends there must be: retained earnings, adequate cash, and a declaration of dividends. A company does not pay dividends unless its board of directors decides to do so, then it is deemed declared. When it is declared then it becomes a liability. Three important dates are observed with dividends: declaration date, record date, and the payment date. Declaration commits a corporation to legal obligations.

Essay About Literature Essay Example for Free

Essay About Literature Essay Literature is timeless, it endured all the changes of the past and is still is being appreciated till the present time and will still be as time goes by.  Literature exists in every country, in every language, and in every period but each has its own uniqueness that stands out for their styles. It exceeds time; literary works of famous people regardless of what period in time they came from is still being appreciated, if not more than when the period it is from. Literary works from the early periods had undergone different adaptations by the later periods to preserve the author’s great work, the ideas, and the creativity they instil in every words to make it live through time. There is a purpose for reading literary works – to entertain and educate its readers or audience. Reading, for example, a novel is just like watching a movie in a very slow pace; reading can make you cry, laugh, smile, get angry and whatnot just like watching a movie; reading lets us imagine the characters, the settings, and what happens in the story. As it entertains us, it also educates us and teaches us about life experiences that we might encounter, and the morals that we should possess. Other literary works inform us about happenings in daily life which also falls in educating the readers. There are different types of literary works, it doesn’t just end with reading materials, and it can also be in a form of a song and a play. It can be performed in front of people or just enjoyed by oneself; it has different genres to offer to different interests of people. Literature is everywhere and in any time and it knows no bounds.

Reflection on Evidence Based Management

Reflection on Evidence Based Management As the worlds tallest peak, Mount Everest is natural wonder that many people attempt to conquer. However, successfully ascending and descending Mt. Everest requires a meticulous amount of planning, organising and ongoing decision making. In order to emulate the planning and decisions that actual climbers experience, groups of five students participated in a Web-based simulated climb of Mt. Everest, with every member being assigned different objectives to complete. As the teams marathoner, my main goals was to reach the peak without being rescued. I was also assigned the role to predict temperature ranges at each decision point. Unfortunately, only 11% of my goals were achieved. During my experience, the Mt. Everest Simulation gave participants an immersive opportunity to acquire an enhanced awareness of the impacts of decision making, organising and planning. Section 2: Planning and Controlling 2.1 Description of problem/issue Due to an input error in the decision making process, I accidentally climbed to the fourth camp when I was supposed to rest at camp 3. This resulted in my health as the marathoner to deteriorate and I was eventually rescued during the simulation on decision 6. This caused many of the team leaders and my own goals to be rendered invalid. This input error indicates a lack of concurrent and feed forward control mechanisms in our decision making. Additionally, the group did not realise that every member received different information with each decision round. The fragmented information included an article on altitude sickness, weather pattern data and wind speed charts. If these information resources were used to the fullest potential, temperatures could have been predicted more accurately and team decisions could have had better outcomes from improved awareness of risks. Consequently, this would have improved individual scores and in extension the overall score. 2.2 Management research evidence According to the research of V. Daniel (2000), firms that differ from traditional manufacturing firms such as those in the re-manufacturing industry requires far more complex planning and control in production activities. Re-manufacturing is a form of product recovery that emphasises value-adding products as opposed to just recovery of materials (ie. recycling). As such, the static nature of stochastic returns, return and demand rate imbalances and returned products with unknown conditions require careful planning and controlling in the remanufacturing processes (Daniel 2000). The article outlines that in a particular firm, before anything is done with received product, they are routinely assessed with a set of criteria (relating to product durability and functionality) to gauge re-manufacturability. The standardised criteria greatly helps firms establish better product control and predict variable costs. Generally, a re-manufacturing facility will be composed of three sub-sections w hich are disassembly, processing and assembly. Disassembly is where product information is disseminated, which then determines the kind of processing the product will undergo in the next step. The processing system is a generalised production area made up of smaller niche workstations, which allows flexibility in processing capacity. Due to high variability in times in the processing step, scheduling task allocations times in products can be done with simple rule-of-thumb techniques (Daniel 2000, p. 470). In another case of evidence, Hodgson (2004) examines the impacts of bureaucracy in post-bureaucratic organisations based on empirical work conducted in the IT department of Buzzbank, a UK telephone bank. In order to adapt to the environment of a post-bureaucratic structure, project management has been suggested as a solution. Project management is a process or set of processes that instigate planning, organising and controlling organisational resources to achieve goals within predefined limits (ie. time constraints). Project management is established with the aim of handling discontinuous work, expert labour and continuous and unpredictable change in a post-bureaucratic setting while providing the same levels of control and reliability of traditional bureaucracy (Hodgson, 2004, p. 81). The study showed that attempts to introduce bureaucratic controls into a thoroughly affluent post-bureaucratic structured organisation was met by uncompromising attitudes and sometimes heavy resistance . It is worth mentioning that the decision to introduce bureaucratic systems indicates managements recognition of and response to the risks that are inherent in post-bureaucratic work like the dangers of devolved control and excess autonomy in the workplace (Hodgson, 2004, p. 97). 2.3 Application of evidence to problem/issue The main problem identified with the planning and control aspect of the simulation was the input error and the loss of composure in the decisions that followed. The evidence gathered from the re-manufacturing industry can be applied to the Mt. Everest simulation in that both contain wide-ranging outcomes. Climbing Mt. Everest involves a multitude of crucial variables such as health (physical and mental), available supplies (oxygen, food, medication, communication etc) and external factors such as temperature. Like the re-manufacturing process, planning criteria for certain situations in the form of contingency plans is vital for raising the success rate of reaching the summit of Mt Everest. The structure of teams and decision making in the simulation is comparable to that of the re-manufacturing approach (disassembly, processing, assembly). Disassembly is present in the simulation where information is provided to each player after every decision round in the form of feedback controls . The processing part of the simulation can be seen in how each member is assigned a specific niche role while the group as a whole is equipped to adapt to varying circumstances. For example, if the group is together, the physician can administer medication to the marathoner should they experience an asthma attack. Therefore, the key to succeeding in the Mt. Everest climb is to keep the team together rather than separating at camps to keep group synergy, survivability and adaptability to its maximum potential. The downside to this, however, is that this would be a difficult feat to accomplish due to time constraints plus the requirement of foregoing several goals of some team members. Hodgsons work can likewise be applied to the Mt. Everest simulation in that a post-bureaucratic organisation shares some similarities with the group structure of the teams. Facets of post bureaucracy include: placing emphasis on the teams missions, fluid/flexible decision making processes, high need for internal trust and expectations of change. A project management style approach to control may help the groups performance as it facilitates post-bureaucratic characteristics yet maintains some control and reliability, which was stated earlier as lacking in some aspect. Although this course of action may reduce errors, introducing bureaucratic style controls to a team of largely autonomous individuals may cause backlash. This inner conflict resulting from implementing extra control processes is likely to cause team performance to decrease, so perhaps it would help the team more if control levels remain the same. Section 3: Leadership 3.1 Description of problem/issue For our team, we took a substitutes for leadership approach. During our simulation, the team leader was not responsible for all aspects of the decision making process; all members had active roles in determining what actions the team should take. In this case, the leadership problem is dependent on whether or not the climb is done in the simulation or out in the field. For the simulation the input error from section 2.1 was purely a technical fault and is not representative of real life situations. In any case, the input error was unlikely caused by any leadership related faults in the simulation. After the mistake however, there was a loss of composure and motivation in team members with an emphasis on finishing the simulation more quickly, which seems to indicate deficiencies in transformational and empowering leadership. 3.2 Management research evidence In management teams, there is reason to believe that the intersecting roles of knowledge sharing and team efficacy are directly related to the link between empowering leadership and team performance. Based on research by Srivastava, Bartol and Locke (2006), where 102 hotel management teams were surveyed, there is a positive correlation between empowering leadership to both knowledge sharing and team efficacy which supplement performance levels. Empowering leadership is characterised by a set of behaviours dictated by the distribution of power amongst a team with the purpose of raising motivation. Empowering leaders exhibit characteristic behaviour in the form of leading by example, participative decision making, coaching, informing, and showing concern (Srivastava, Bartol Locke, 2006, p. 1240). As a component of empowering leadership, knowledge sharing (sharing of task relevant ideas, information and suggestions) is of vital importance in a team environment as it allows cognitive re sources to be fully utilised. Conceptually, the various behaviours of empowering leadership will raise subordinate efficacy. For instance, participative decision making gives subordinates active input roles that enables higher learning and skill experience, thus improving efficacy (Srivastava, Bartol Locke, 2006, p. 1240). In another survey, Dong and Avolio (2000) examine transformational and transactional leadership in relation to the effects of trust and value congruence on follower performance. Using a sample of 194 students with varying conditions of transformational and transactional leadership, the experimental study established the theory that both direct and indirect effects affect performance as a result of transformational leadership conveyed by individuals trust and value congruence. Alternatively, transactional leadership only had indirect effects on subordinate results when conveyed by individuals trust and value congruence. The study argued that the influence of the leaders vision is especially powerful when it is congruent in their followers personal values. It is suggested that internalising a transformational leaders values in their adherents values results in increased value congruence and willingness to commit to the vision and mission of leaders. In the study, transformational leade rship notably had a strong positive effect on performance quality and conversely had a strong negative on quantity (Jung Avolio, 2000, p. 960). 3.3 Application of evidence to problem/issue Although communication was effective in that all members were given opportunities to voice an opinion, there could have been more traits of transactional leaders in the group. With a more structured and task oriented approach to decision making, mistakes such as those mentioned in section 2.1 could have been prevented. The research by Dong and Avolio (2000) however, argues that transformational leadership will improve team results by directly and indirectly through trust and value congruence. When value congruence, which is the level of homogeneousness between an individual and a larger bodys values, is made uniform among team members there should be an enhanced motivation to accomplish team goals. The simulations team goals, which are mostly synonymous with those of the team leader (All members reach the summit, no one gets rescued etc), can represent value congruence in the context of this simulation. Therefore, if the team leader took a transformational approach where all team mem bers standardised their values to the leader there would be an increase in team motivation and commitment to the goal at hand and performance quality, thereby improving the potential for better decision outputs. Similarly, empowering leadership is directly related to the teams performance through making progressions in knowledge sharing and team efficacy. The group lacked some skill with knowledge sharing as not all the data was distributed to the group in its entirety. This can be attributed to the groups lack of experience in these activities; the team leader was just as inexperienced as the other members. If team members had more experience and practice in activities such as the Mt. Everest simulation, it would enable all group members to develop characteristics of empowering leadership (ie. leading by example for a less experienced group member). With this in mind, the teams knowledge sharing capacity will increase which will lead to an increased ability to accomplish team goals. Improved team efficacy, which can vary greatly in effect, may include reducing individual errors during given tasks. Section 4: Reflection on Evidence Based Management 4.1 Thoughts about Evidence- Based Management According to Rouseaus study (2007), evidence based management is the use of the best available scientific research to make informed managerial decisions and encourage better or more efficient organisational practices. From this, it is inferred that evidence based management is simply taking a rational approach to managing given that the resource evidence is accessible. It is difficult to believe that this way of thinking about management has only been brought up in recent years. Research evidence has been practiced successfully in fields such as medicine, education, policing and psychology. According to J Pfeffer and RI Sutton (2006), Evidence based management can be split into a multi step process of demanding evidence, acquiring, appraising and aggregating said evidence, applying evidence to decisions and reinforcing continuous learning. I think that this step-by-step process can simplify and organise the information that can be used to deliberate on a decision, allowing faster and efficient action. 4.2 Evidence Based Management in future career If I were to pursue a career in management, an evidence based management approach would help greatly against issues in the trade. As I lack any real experience in a managing position, using an evidence based approach to management would allow me to augment my skills in the eyes of others and perhaps set myself apart from others who also share my lack of experience. Evidence based management represents a logical way of thinking about decision making that is justified by accepted facts, so there is no reason not to implement an evidence based approach in management fields. The only reason I might not pursue an evidence based approach is if I had executive role in a decision (ie. senior manager). Evidence based research levels out hierarchical powers, allowing anyone to match or surpass the decision making efficacy of those with experience with fact and evidence, thus removing the distinguishing power a leading representative might have had previously. The application of evidence based management also depends on the situation and research that it concerns. The evidence suggested may come in the way of the organisations or my own interests, making it more suitable to disregard the evidence supported course of action. Purely as a surplus maximiser, I would certainly use an evidence based management approach to resolve issues as long as it does not contradict my personal agendas. Bibliography/Reference List Daniel, V, 2000. Production planning and control for remanufacturing: industry practice and research needs, Journal of Operations Management, Volume 18 (Issue 4), pp. 467-483. Hodgson, D.E, 2004, Project Work: The Legacy of Bureaucratic Control in the Post-Bureaucratic Organization, Organization, Volume 11 (Issue 1), pp. 81-100. Jung, D.I Avolio, B.J, 2000. Opening the Black Box: An Experimental Investigation of the Mediating Effects of Trust and Value Congruence on Transformational and Transactional Leadership, Journal of Organizational Behavior, Volume 21 (Issue 8), pp. 949 964. Pfeffer, J Sutton, RI, 2006. Evidence-Based Management, Harvard business review, N.a (N.a), pp. 1-14. Rousseau, D.M Mccarthy, S, 2007. Educating Managers From an Evidence-Based Perspective, Academy of Management Learning Education, Volume 6 (Issue 1), pp. 84-01. Srivastava, A, Bartol, K.M Locke, E.A, 2006. Empowering Leadership in Management Teams: Effects on Knowledge Sharing, Efficacy, and Performance, Academy of Management Journal, Volume 9 (Issue 6), pp. 1239 1259. Wright, A, 2014, Lecture 2: Planning and Controlling, PowerPoint slides, University of Queensland, Brisbane. Wright, A, 2014, Lecture 3: Leading in Organisations, PowerPoint slides, University of Queensland, Brisbane. mgts1301 Introduction to ManagementPage 1

Essay on Behavior in All Quiet on the Western Front and Lord of the Fli

Comparison of Human Behavior in All Quiet on the Western Front and Lord of the Flies  Ã‚         An author's view of human behavior is often reflected in their works. The novels All Quiet on the Western Front by Erich Maria Remarque and Lord of the Flies by William Golding are both examples of works that demonstrate their author's view of man, as well his opinion of war. Golding's Lord of the Flies is highly demonstrative of Golding's opinion that society is a thin and fragile veil that when removed shows man for what he truly is, a savage animal. Perhaps the best demonstration of this given by Golding is Jack's progression to the killing of the sow. Upon first landing on the island Jack, Ralph, and Simon go to survey their new home. Along the way the boys have their first encounter with the island's pigs. They see a piglet caught in some of the plants. Quickly Jack draws his knife so as to kill the piglet. Instead of completing the act, however, Jack hesitates. Golding states that, "The pause was only long enough for them to realize the enormity of what the downward stroke would be." Golding is suggesting that the societal taboos placed on killing are still ingrained within Jack. The next significant encounter in Jack's progression is his first killing of a pig. There is a description of a great celebration. The boys chant "Kill the pig. Cut her thr oat. Spill her blood." It is clear from Golding's description of the revelry that followed the killing that the act of the hunt provided the boys with more than food. The action of killing another living thing gives them pleasure. The last stage in Jack's metamorphosis is demonstrated by the murder of the sow. Golding describes the killing almost as a rape. He says, "Jack was on... ...ough the actions of his characters, attempts to illustrate that under chaotic circumstances, when removed normal society, man reverts to what his nature deems him to be, a destructive creature. Remarque's characters, on the other hand, manage to show compassion and humane treatment of others despite being thrust into a situation more terrible than that of Golding's characters. Where Golding feels war is a result of humankind's vile nature, Remarque sees it as an evil brought about by only a select few.    Works Cited Golding, William. Lord of the Flies. New York: Berkley, 1954. Babb, Howard S. The Novels of William Golding. N.p.: Ohio State UP, 1970. Beetz, Kirk H., ed. Beacham's Encyclopedia of Popular Fiction. Vol. 5. Osprey: n.p., 1996. 5 vols. Epstein, E. L. Afterword. Lord of the Flies. By William Golding. New York: Berkley, 1954.   

Enquiries Concerning Human Understanding by David Hume Essay examples -

The way in which a concept comes to exist in one’s mind is itself a concept worth examining. Many philosophers have looked for the origin of thought in the human mind, and many different reasons for this origin have been put forth. As a philosopher, it is only fitting that Hume would propose his own framework for human thinking. For Hume, perceptions are developed either as the understanding of the outside world, or as recollections of these events or alterations of these memories within the mind ¹. This distinction is important, as it allows Hume to differentiate perceptions as true or false notions. With this, Hume puts forward his concepts of belief and fiction. Belief is defined in perceptions that one, simply put, believes, and fiction encompasses the thoughts that are not believed. These definitions seem redundant when viewed as so, but further examination of Hume’s framework sheds light on the meaning of what he attempts to establish concerning belief. In order to fully understand the difference between belief and fiction, Hume’s definition of thought must first be studied. Hume splits perceptions of the mind into two sections – impressions and ideas – and the distinctions between the two are significant (Hume, 18). For Hume, the most important aspect of perceptions is the force in which one experiences the thought. Impressions are defined as, â€Å"all our more lively perceptions, when we hear, or see, or feel, or love, or hate, or desire, or will† (p. 18). On the other hand, â€Å"the most lively thought is still inferior to the dullest sensation† (p. 17). Here, Hume elaborates on the concept of force in ideas, stating that ideas are simply less forceful than impressions. As he continues, Hume explains that our thoughts of ... ...ntrollable, and while this feeling is hard to define, it is simply known, as â€Å"every man is every moment conscious of the sentiment represented by it† (p. 50). A major distinction to note is that belief is generated through custom. Belief in some perception is guided by the framework built by past experiences which leads you to make judgments about the world. This framework allows you to believe in what you observe, and to reject any ideas that do not make sense in regards to the custom. While Hume may not have been exact in some aspects, the writings provided remain strong, and this allows for an understanding of belief and fiction. Work Cited David Hume, Enquiries Concerning Human Understanding, in Enquiries Concerning Human Understanding and Concerning the Principles of Morals: Third Edition, ed. P.H. Nidditch (London: Oxford University Press, 1975), p. 18.

cells Essay -- essays research papers

The life Process of a cell In my report you will learn about the life process of a cell based on the two main functions, metabolism and mitosis. You will learn about the four stages of metabolism: ingestion, digestion, respiration, and excretion, and how the cell completes them. You also will acquire information about the four stages of mitosis: prophase, metaphase, anaphase, and telephase, and how the cell completes them. Mitosis is the process in which cells reproduce. These two processes are interdependent on each other. The steps of metabolism are the same for any species. First the cell must ingest glucose through active transport. The glucose is ingested through the cell membrane. There are only 2 ATP’s yielded in each glucose. An ATP is an energy enriched molecule. That is not enough energy to completely digest it. It is just enough energy to get it to the mitochondria. The enzymes in the mitochondria respire. Also now it has 34 ATP’s. Then the lysosomes fully digest it. Then the all the waste is excreted by the golgi bodies and vacuoles. The cell has fully metabolized. Now the process starts over. Mitosis is the process in which a cell divides into two new cells. The four steps of mitosis are prophase, metaphase, anaphase, and telephase. The step where the cell prepares for mitosis is called interphase. During interphase all of the chromosomes duplicate, and then are joined at the centrimere. Now mitosis begins, first in prophase all of the chromosomes then g...

Dietary Fiber Analysis Health And Social Care Essay

Fiber is categorized into soluble and indissoluble fibre. Soluble fibre includes pectins, mucilages, gums, and storage polyoses. Soluble fibre has shown to hold positive effects on glucose metamorphosis that are partially attributed to the increased viscousness of luminal contents. It causes delayed gastric voidance, which account for around 35 % of the discrepancy in extremum glucose concentrations after consuming glucose. It besides reduces the rate of glucose diffusion through the H2O bed. The most of import factor in respects to glycemic consequence is soluble fibre ‘s ability to increase viscousness and organize gel-like stools. Soluble fibre besides becomes fermented in the colon and outputs short-chain fatty acids. It is thought that these short concatenation fatty acids may be good to lipid metamorphosis and cardiovascular disease bar ( Pittler and Ernst 2004 ; Papathanasopoulos and Camilleri 2010 ) . â€Å" In experimental clinch surveies, soluble dietetic fibre besides influences peripheral glucose uptake mechanisms, including increased skeletal musculus look of the insulin- responsive glucose transporter type, which enhanced skeletal musculus consumption, augmenting insulin sensitiveness and normalising blood glucose degrees. In worlds, several fatty acids stimulate look of peroxisome proliferator-activated receptor, which increases degrees of adipocyte glucose † Insoluble fibre includes cellulose, hemicelluloses, and lignin. Insoluble fibre does acquire fermented in the colon, but it attracts H2O which increases faecal majority, softening, and defecation. The chief consequence of indissoluble fibre in respects to glycemia is heightened insulin sensitiveness. â€Å" Changes in intestine microbiota have been implicated, in position of ascertained microbiota differences between corpulent and thin topics, reduced Gram-negative bacterial content with diets high in dietetic fibre as opposed to high-fat diets, and experimental informations demoing insulin opposition develops after daily hypodermic injections of Gram-negative bacterial lipopolysaccharides. A test of whole grain in healthy adult females showed accelerated GIP and insulin response and improved postprandial glycemia during the undermentioned twenty-four hours. † The aim of the first survey was to find the extent to which Beta-Glucan reduces the glycemic index ( GI ) of oat merchandises and whether high degrees of Beta-Glucan impair palatableness. The survey wanted to find if there was a nexus between low GI nutrients and direction of Type Two Diabetes ( DM II ) . Sixteen trial topics were selected from a pool of patients at St. Michaels Diabetes Clinic with HbA1 degrees within 5.5 % – 8.5 % , with one exclusion of a patient that had 11.4 % HbA1. Ten participants were male and 6 were female, with an mean BMI of 29. All were diagnosed with DM II. Thirteen participants were treated with unwritten agents, and 3 used diet entirely. The breakfast cereal and a bite saloon ‘s which were enriched with extra b-glucans to bring forth a low glycemic index oat bran merchandise. Three tests were conducted with the breakfast cereal and bite saloon, utilizing the mean step of the postprandial glucose degrees. The consumer ‘s postprandial glucose degrees in response to white staff of life served as the control. This survey showed that when topics with type 2 diabetes consumed extruded breakfast cereals incorporating different degrees of oat bran dressed ore ( 8, 10.3 and 12.5g % b-glucan ) , decreases in postprandial glycemia ranged from 33 % to 62 % . This survey is done in a similar format to ours ; nevertheless it merely compared postprandial glucose degrees in response to beta-glucan enriched nutrients to white staff of life. Our survey is comparing a pure fibre addendum of Fleawort to an equal dietetic fibre repast. Besides, our trial topics will non hold diabetes. ( Jenkins, Kendall et al. 2008 ) The 2nd survey that was most similar to ours was conducted to see the benefits of syrupy fibre in topics who were insulin resistant. Dietary fibre has late received acknowledgment for cut downing the hazard of developing diabetes and bosom disease. The deduction is that it may hold curative benefit in pre-diabetic metabolic conditions. To prove this hypothesis, this survey investigated the consequence of supplementing a high-carbohydrate diet with fibre from Konjac-Mannan ( KJM ) on metabolic control in topics with insulin opposition syndrome. KJM is derived from Konjac, which is a sweet yam from the Araceae household with the botanical name: Amorphophallus spp. Two hundred and 78 topics between the ages of 45 and 65 old ages were screened from the Canadian-Maltese Diabetes Study. A sum of 11 ( age 55 A ± 4 old ages, BMI 28 A ± 1.5 kg/m2 ) were recruited who met the standards: impaired glucose tolerance, reduced HDL cholesterin, elevated serum triglycerides, and moderate high blood pressure. After an 8-week control-trial, they were indiscriminately assigned to take either KJM fibre enriched trial biscuits with 0.5 g of glucomannan per 100 kcal or wheat bran fibre control biscuits for two 3-week intervention periods separated by a 2-week washout. In this cross-over survey, the diets had the same sum of energy, were metabolically controlled, and conformed to National Cholesterol Education Program Step 2 guidelines. Serum lipoids, glycemic control, and blood force per unit area were measured in each test. During the experimental hebdomads, participants received absolutely portioned and packaged nutrients delivered to their work or place. These repasts were absolutely portioned with macro-nutrients in indistinguishable ratios. The Calories of each repast were tailored to run into the demands of each person, with fibre being 1.5g/ 100 kcals of nutrient. These two groups merely differed in the facet of KJM flour or the control, wheat bran flour. Both of these repasts were tantamount in fiber measure. KJM showed a fasting glycemia bead by 13 A ± 2.5 % ( P 0.0001 ) compared with 9.6 A ± 4.3 % ( P 0.05 ) on control. However, these consequences are non important, since the assurance intervals overlap. This survey compared KJM flour, which is rich in a high-viscous fibre, to fiber-enriched bran flour and tested many consequences, of which postprandial glucose degrees was one. The consequences showed no important difference between the two fiber-enriched flours. While this survey is near to our proposed survey, our survey will be comparing a fleawort addendum to dietetic fibre ; non comparing two types of dietetic fibre. This survey supplied us with thoughts for what to provide to our trial topics in their repasts. This survey gave their trial topics repasts that were absolutely portioned with macro-nutrients in indistinguishable ratios. This is indispensable for our survey to hold accurate consequences. ( Vuksan, Sievenpiper et Al. 2000 ) There have been several surveies that show that a fiber addendum lowers postprandial glucose degrees. However, none of the surveies are comparing auxiliary fibre to dietetic fibre. The inquiry if auxiliary fibre has a different consequence on glucose degrees than dietetic fibre has non been answered. A survey was conducted to see the consequence of seaweed addendum on glucose, lipid profile, and antioxidant enzyme activities in patients with type 2 diabetes mellitus. Nine work forces and 11 adult females with diabetes controlled by diet and/or unwritten hypoglycaemic agents, a BMI of & lt ; 35, a fasting plasma glucose concentrations & gt ; 150 mg/dl, no ingestion of lipid-lowering drugs, and were 40 to 70 old ages of age were selected. Aside from diabetes, all topics were in good general wellness and had no clinical or laboratory grounds of nephritic, hepatic, or cardiovascular disease. Subjects were randomized into either a control group or a seaweed supplementation group. Pills with equal parts of prohibitionist powdered sea tangle and sea mustard were provided to the seaweed supplementation group three times a twenty-four hours for 4 hebdomads. Entire day-to-day ingestion of seaweed was 48 g. The topics continued normal day-to-day activities and exercising forms. Food consumption of each topic was quantitatively evaluated by 24 hr callback. The dietitian collected informations utilizing calibrated theoretical accounts to gauge the size of nutrient parts. Daily alimentary consumption was calculated utilizing the Computer Aided Nutritional Analysis plan ( Can-Pro ) package ( version 3.0 ; The Korean Nutrition Society ) based on informations from Korean food-composition tabular arraies. There were no important differences in fasting blood glucose ( FBG ) or postprandial 2 hr BG at baseline between the two groups. After seaweed supplementation, the concentrations of FBG and PP-2hr BG were decreased significantly in patients having seaweed supplementation, but there were no important differences in controls. Increased dietetic fibres intake from supplementation had good effects on FBG and PP-2hr BG ( Kim, Kim et Al. 2008 ) . This survey is similar to ours in regard that it is reexamining the consequence that auxiliary fibre has on postprandial glucose degrees. However, their control group did non hold the same sum of fibre in their diet as the supplemented group. The supplemented group was acquiring 2.5 times more fibres in their diet than the control. The fact that fibre affects glucose degrees is non in inquiry. With our research, we have been seeing that most surveies have a narrower age scope, this will assist us to find what age scope we would wish our trial topics to be. Besides, this survey used a nutrition analysis plan on the computing machine to calculate the foods ingested by the trial topics. We will utilize a similar method. A survey was conducted, look intoing the differences between fibre repasts enriched with soluble dietetic fibres from oats, rye bran, sugar Beta vulgaris fibre or a mixture of these three fibres. The survey looked at postprandial glucose and insulin effects. Thirteen healthy human voluntaries, 6 work forces and 7 adult females, ages 20-28 old ages of age were included in the survey. The topics were instructed to fast the dark before. They came to the installation one time a hebdomad ( 5 hebdomads entire ) and ingested a repast each clip in a random order. The repasts contained either oat pulverization ( 62 g, of which 2.7 soluble fibre ) , rye bran ( 31 g, of which 1.7 g soluble fibre ) , sugar Beta vulgaris fibre ( 19 g, of which 5 g soluble fibre ) , a mixture of these three fibres ( 74 g, 1.7 g soluble fibre from each beginning, giving 5 g soluble fibre ) , and no added fibre, which was the control. All repasts were adjusted to incorporate the same entire sum of available saccharides. Blood samples were drawn before the repast and every 30 min for 3 hours. Meals with rye bran gave a lower postprandial glucose extremum when compared with the control repast, and this consequence was more marked in adult females compared to work forces. Oat pulverization, incorporating a low sum of entire fibre and a high sum of saccharides in liquid matrix, gave a higher incremental glucose extremum concentration compared to rye bran and sugar Beta vulgaris fibre and higher insulin incremental country under curve compared to command. The oat pulverization besides influenced the effects of the assorted repast, decreasing the glucose-lowering effects. Postprandial triglyceride degrees tended to be higher after all fiber-rich repasts, but merely important for oat pulverization and the assorted repast when compared with the control repast ( Ulmius, Johansson et Al. 2009 ) . This survey concluded that soluble fibre influences postprandial glucose, insulin and triglycerides depending on fiber beginning, dosage of soluble and entire fibre, and perchance gender. While this survey was proving the difference of assorted beginnings of dietetic fibre, it is utile to our survey because they use methods similar to what we want to utilize. They tested their topics ‘ glucose degrees every 30 proceedingss for 3 hours. Besides, the survey had to add assorted things to the different repasts to guarantee that they had similar micronutrient content ; protein was the lone 1 that varied. A Reviewing these surveies has besides given us a way for a sample size.

Food and Beverage Operations Essay

This means that liquor outlets can refuse entry and alcohol to any member of the pubmic without giving a reason. Question 2 * People orientated – beverage managers must be comfortable leading their employees and working with the public. a manager is expected to walk the floor and talk to patrons. * Honesty – in some cases beverage manager’s work for the owner of the establishment, who has entrusted his or her managers with the restaurants profits and supplies. Stealing from the establishment or other dishonesty is a fast way to lose the owners trust. * Organized – a good beverage manager will know the key to success is preparations. This means ensuring beverages are fresh and ready to place when customers arrive, beverage managers must be strong administrators. * Flexibility – a beverage manager may be required to work late hours, especially if employed at a bar. You will need to be prepared for all situations. A good beverage manager has the below 5 characteristics: * Confidence * Honesty and integrity * Good management skills * To be able to work well under pressure * Reliability Question 3. On-consumption – an outlet where liquor is served over a counter or to table for the customers to consume on the premises. Off-consumption – an outlet where liquor is sold to the public for consumption elsewhere. The liquor must be sold unopened in sealed containers. Question 4 A bar control system is important in order to attain correct and accurate stock control. Question 5 Possible discrepancies are: * You used the incorrect selling price in the calculations. * The issues and opening stock values could be incorrect * There could be spillages. * Stocks have been stolen as a result of poor security * The addition and extensions could be incorrect Question 6 (a) R1650(Cost) 100 R6000(sales)x 1= 25 (b) 75% Question 7 A cocktail is sipped whereas a shooter is drunk quickly. Question 8 Cocktails have since become a very popular type of drink and operators have realized that consumers are more likely to try a new mix of cocktails which vary from bar to bar. Question 9 To make it attractive. Question 10 The shake method is done in a cocktail shaker and is usually shaken with ice and strained into a glass. The stir method means the ingredients are added together and then stirred to ensure mixing in one of two ways: Mixed in the glass or mixed in a separate container and then strained into the serving glass. Question 11 This means that when a cocktail is shaken with ice, the ice thaws too quickly, diluting the liquor with water and making the drink weaker. Question 12 a) Rum: 1) Cuba Libre – 1 ? Tots white rum Top up with cola according to taste in a highball glass with ice. Lime or lemon wedge to garnish. 2) Bacardi Cocktail – 1 measure Bacardi rum ? measure grenadine ? lemon juice. Shake with ice and strain into a cocktail glass b) Brandy: 1) Brandy Cocktail-1 ? measures brandy 1 measure cointreau 2 dashes of sugar syrup 2 dashes of angostura bitters Add ice and stir gently, strain into a cocktail glass 2) Stinger – 1 measure brandy 1 measure creme de menthe (white) Shake with ice and strain into a cocktail glass c) Gin: 1) Gin and It – 1 measure dry gin 1 measure Italian vermouth Pour over ice unto a cocktail glass garnish with a cherry 2) Dry Martini-2 measures dry gin 1 measure dry vermouth Mix and stir gently and serve in a cocktail glass garnish with a twist of lemon and an olive. Question 13 1 ounces Whiskey 5 ounces Soda Water Mix ingredients in a highball glass two-thirds full of ice. Stir briskly and garnish with a lemon twist. | Question 14 Balloon glass. South African liqueur brandy is wellington or old fashioned. Question 15 Sambuco is a liqueur, it is usually meant to be drunk before meals but people prefer to have them as shooters. It is most often served on their own in a liqueur glass or as part of a cocktail. Question 16 The binder: made up of one leaf which holds the filler together. Covers the inner part of the cigar completely.

Helping Chinese Consumers Essay

QuarkMan Technology was founded in 2012 by David Yuan. As the Chinese domestic consumption continues to grow at a rapid speed, consumers need a reliable source for independent and impartial review of products to find the quality and functionality. The mission of the company is one of â€Å"unveiling products’ essence in an independent, professional, and powerful way.† The two core principles are â€Å"Independence† and â€Å"Fairness†. QuarkMan has set up two business units, Information Advisory and Media. The reports and data obtained by the testing of products are handled by the Information Advisory unit and the Media unit takes this information and displays it in a user friendly way so that consumers can make educated decisions. QuarkMan Media is further divided into Jancr which is the consumer goods testing division and China Consumer Report which is the communication division responsible for settling disputes between the consumer and manufacturer. SWOT ANALYSIS for QuarkMan Strengths Manages their own lab and return team Strong relationship with third party labs and research institution labs State of the art testing lab with 400 pieces of equipment and 3000 square meters External expert network from numerous industries In-house lab is a stand-along profitable business unit which finances the media unit Weaknesses Hard for an independent and fair media company to be profitable in China In order to remain independent, advertisements on their website is not an option Majority of the testing resources are owned by the government affiliated consumer associations, industry associations and government research institutes A big chunk of the capacity has a very low utilization rate Takes 2-3 weeks for QuarkMan to deliver one product review and others longer QuarkMan struggling with capacity issues Opportunities No mature player conducting comparative tests and analysis across different industries The third party testing market was controlled by the government but has now become a huge and rapidly growing market QuarkMan currently handling six product categories but have the opportunity to handle more Exhibit 4 – Private only handles 10% of the current market share Threats Private sector is growing at a CAGR of 25% Speed is a key factor for the high growth rate New players in the market have gained decent traffic from more frequent content releases Exhibit 4 – Foreign markets only handle 25% of the current market share Problem/Decision Statement How can QuarkMan influence consumer perception of their brand and business values and thus gain their trust and business? Identification of Alternatives Consider advertisements as a revenue stream with the use of a 3rd party to manage the sale and pay a portion back to QuarkMan so independency and objectivity is upheld. Use these funds to mark the business philosophy of QuarkMan to gain additional market share. Obtain additional financing through other interested parties and use revenues to promote the business model and use additional financing funds to expand testing resources and improve turnaround time and reach more consumers Critical Issues Impact on current and potential consumers and their ability to trust QuarkMan if they attempt to raise revenue revenues through advertising The use of a 3rd party to manage advertisement while increasing revenue and the effects on their ability to stay independent and transparent to the consumer Significant lead time to bring products to market and the limit number of product reviews that can be completed times. The use of a 3rd party to manage advertising would directly go against the company’s core principles of Independence and fairness thus leading to more mistrust. Analysis Consider advertisements as a revenue stream with the use of a 3rd party to manage the sale and pay a portion back to QuarkMan so independency and objectivity is upheld. Use these funds to mark the business philosophy of QuarkMan to gain additional market share. The current market has a distrust of the industry because of the lack of transparency and the blurred lines between the agency reviewing the produce and the product manufactures. The current Chinese consumer agency is not transparent and the government plays such a significant role in the reviews because of this the consumers do not trust any consumer reports. QuarkMan’s guiding principles of independence and fairness will be viewed as conflicting with any advertisement from a manufacturing. This conflict will add to more doubt from their consumers. Obtain additional financing through other interested parties and use revenues to promote the business model and use additional financing funds to expand testing resources and improve turnaround time and reach more consumers This alternative would allow for additional revenues while not compromising their independence and fairness. QuarkMan can continue to market their product and services through current media channels and bring awareness to their strong brand name and transparency while setting them apart from the current competition. This will help to generate long term customer loyalty. Additional revenues can strengthen their 3rd party testing environment and help to reduce the lead times and number of products able to be reviewed at one time. They can further expand the types of products they review and be able to reach more potential customers. Recommendation The recommendation based on the entire analysis would be to obtain additional financing through other interested parties and use revenues to promote the business model and expand testing resources to improve turnaround time and reach more consumers. This alternative would allow for additional revenues while not compromising their independence and fairness. QuarkMan can continue to market their product and services through current media channels and bring awareness to their strong brand name and transparency while setting them apart from the current competition. This will help to generate long term customer loyalty. Additional revenues can strengthen their 3rd party testing environment and help to reduce the lead times and number of products able to be reviewed at one time. They can further expand the types of products they review and be able to reach more potential customers.

Flipkart Case Study Essay

Flipkart.com is a story of the two young computer science graduates brothers Sachin Bansal (26) and Binny Bansal (25) from IIT-Delhi 2005 batch who left their jobs in amazon.com (an American multinational E-commerce company) in 2007 with a dream to become India’s top retail Outlet In E-commerce Industry. They came up with an idea to sell books including novels online. Flip kart’s timeline shows it was to start as a price comparison platform, but there weren’t enough e-commerce sites to compare. So, both the Bansals, who were colleagues at IITDelhi, and then at Amazon.com, thought, â€Å"why not start an e-commerce site?† That was the genesis of Flip kart. From an initial investment of Rs. 4 Lakh this So they started to make a website, although it was a bigger task to create a website with 50,000 titles but wouldn’t be impossible for IITians†¦ so finally they created which took about a month and a half to start a basic working website with 50,00 0 titles and grown our catalogue to over 1 Lakh available titles. On 5th September 2007 they launched the company’s URL i.e. Flipkart.com for the first time in just an apartment room. . The website was launched on 15th Oct 2007. Flip kart is an Indian ecommerce company headquartered in Bangalore, Karnataka. From a start-up with an investment of just four lakh rupees, Flip kart has grown into a 100 million revenue online retail giant in just five years. Flip kart focused on online sales of books initially. The process involved in online shopping for books has gone through drastic changes and is more secure right now. A customer could use our user-friendly web page to place an order, once the order is placed online – the book is taken off the online inventory. In case of unavailability – it will be purchased from a supplier. The Book will then get packed and couriered on the same day. Flip kart is currently tied up with around 12 courier service providers. Flip kart also use Indian Postal services to reach areas without courier providers. Logistics play an important role in our business. But it later expanded to electronic goods and a variety of other products. The key differentiators are Availability of variety of goods of various categories, online shopping experience on the site and post sales experience. Apart from this the Cash on Delivery service is also one of the main reasons which keep it apart from  other E- commerce portals. The cash-on-delivery model adopted by Flip kart has proven to be of great significance since credit card and net banking penetration is very low in India. . Flip kart offers multiple payment methods like credit card, debit card, net banking, e-gift voucher, and Cash on Delivery. IDEA Binny Bansal and Sachin Bansal saw a good opportunity in the market around e-commerce. Also, regular job was not as challenging. The excitement and satisfaction that comes with building something of a long lasting value is addictive enough for them to continue this. They started flipkart.com because they themselves felt the need for a good online book store. E-commerce sector is one of the toughest to get into in India. They believe that they can make a difference here. They wanted to create something which has a long lasting value and which we can be proud of. An attractive neutral name is what they looked for. Good domain names were hard to get. They were looking at names that did not just speak of books alone, but one that could suit any category of Products that we may add in future. Also, they wanted to have a catchy name with high recall potential. Flip kart could in simple terms mean ‘Flipping things into your Kart’. CURRENT POSITION OF FLIP KART Flip kart started with selling books. In 2010, they added to their catalogue media (including music, movies and games) and mobile phones and accessories. In 2011, product launches included cameras, computers, pens & office supplies, computer accessories, home and kitchen appliances, personal care, health care, gaming consoles, audio players and televisions. In 2012, product launches includes health & beauty products, Life style products which includes watches, belts, bags & luggage. In November 2011, Flip kart launched a new Electronic Wallet feature that allows shoppers to purchase credit to their Flip kart account using credit or debit cards, and can subsequently be utilised to make purchases on the site, as and when required. From June 2012, Flip kart allowed people to buy toys, posters and from October 2012, Flip kart entered into apparel retailing. ACQUISITIONS MADE BY FLIPKART.COM 2010 â€Å"WE READ†, social book discovery tool 2011 MIME260, a digital content platform com 2011 Chakpak.com is a bolly wood news site that offers updates, news photos and videos 2012 Letsbuy.com is India’s second largest e-retailer in electronics. Flip kart has bought the company for an estimated US$25 million. ACHIEVEMENTS MADE BY FLIPKART.COM Flip kart owners have been featured in Business Today as one of the top 25 start-ups of 2009.They have been also nominated for Ernst and young award for the best entrepreneur of 2010. Apart from that they have been featured multiple times in start up news as well as mainstream news. Today, they are recognized as number one in the industry. As a testimony to the superior customer experience, the company has consistently recorded repeat purchase rates of more than 50%. They have also managed to get a registered buyer in every small town and city and hope to constantly improve their service standards. Flip kart’s reported sales as follows:- IN FY 2008–2009- > 40 million IN FY 2009–2010- >200 million IN FY 2010–2011- > 750 million IN FY 2011–2012- > set to cross the 5 billion As Internet usage in the country increases and people get accustomed to making purchases online. Flip kart projects its sales to reach US$1billion by year 2014 and is aiming at generating a revenue of 50 billion (US$1billion)2015. Ranks among the countries top 30 website. Customer base of more than 2 million. 30 shipment on daily basis Daily sales have increased to 2.5 crores. POPULAR PRODUCT CATEGORIES 1. Clothing: T-shirts, Jeans, Sports Wear, Trousers, etc. 2. Footwear: Casual Shoes, Formal Shoes, Flats, Heels, etc. 3. Beauty & Personal Care: Trimmers, Shavers, Soaps, Brushes, etc. 4. Mobiles & Tablets: Samsung, Micromax, Nokia, Sony, etc. 5. Laptops & Accessories: HP, Dell, Sony, Lenovo, Pen Drives, etc. 6. Books: Literature & Fiction, Biographies, Novels, EBooks, etc. 7. Baby Care & Toys: Vehicle & Action Toys, Stuffed Toys, Diapers, etc. 8. Sports & Fitness: Cricket, Football, Basketball, Badminton, etc. TOP BRANDS 1. Clothing: Adidas, Puma, Reebok, Lee, etc. 2. Footwear: Puma, Adidas, Reebok, Fila, etc. 3. Watches: Casio, Fastrack, Citizen, Timex, etc. 4. TV: Sony, LG, Samsung, Philips, Panasonic, etc. 5. Sports & Fitness: Speedo, Nivia, Yonex, Cosco BUSINESS MODEL Creating and maintaining a person-to-person trading community Function as a value added facilitator Provide a supportive infrastructure Zero inventory & without having traditional sales force Profit centers: Domestic business International business and Payment Largest online trading forum Compelling and entertaining environment Establishing trust & safety programs Cost effective and Convenient trading Strong community affinity An intuitive user interface ORDER LIFECYCLE Get the item Procure from Supplier (Just-in-time) (Supplier selection) Keep Inventory (Inventory Prediction, Planning) Clean & Check for sanity Pages missing, MRP printed lesser than told to you Pack the item Tamper proof, weather proof, breakage proof Select courier & hand-over Courier performances vary across regions a LOT Get tracking id & communicate to customer Follow-up for timely delivery Take care of returns (faulty product/user changes their mind) Minimize returns MARKETING STRATEGY Flip kart has been mostly marketed by word of mouth advertising. Customer satisfaction has been their best marketing medium. Flipkart very wisely used SEO (Search Engine Optimization) and Google Ad-words as the marketing tools to have a far reach in the online world. Flipkart.com official Face book page has close to 9 lakh ‘likes’. Flipkart recently launched a series of 3 ads with the tag line – â€Å"No Kidding No worries† Kids were used to create the adverts to send out the message – if a kid can do it, you can also do it. All in all to create a great customer experience. EXPANSION PLANS They aim at 10 times growth and eyes at $ 1Billion sales by 2015. They will look at bigger investments in their supply chain and technology. Investment will be made in large warehouses and increased automation of their process, so that the product is not delayed. They intend to enter in to various new categories and expand their current categories as well. Everything except for groceries and automobiles will be available on Flipkart in future. To go further in the value chain, Flipkart is looking at associations with a larger number of suppliers and partners, both nationally and internationally. PERSONEL ANALYSIS Great customer service Easy to use website, hassle free payment system Cash on delivery/Card on delivery mode of payment Focused on user experience ADVANTAGES Attract users to the site Provide selection Make it easy to Find & Discover products Provide details to evaluate a product Description, Specifications, UGC. Price well Have to be competitive to the most obvious options Provide convenient payment options Online, COD Confirm payment CONCLUSION They started off in 2007 by setting up three centres across India without funding. Six months ago, they reached number one status. They are also four times bigger than their nearest competitor. The company started off small; today they have grown ten times over the last one year and aim to touch the Rs 400 crore mark by March 2013.

Analysing The Qualities Of An Effective Communicator Education Essay

Analysing The Qualities Of An Effective Communicator Education Essay The qualities of an effective communicator in the early learning centre are establishing and maintaining meaningful and respectful relationships with Educators, families and children. As an Educator, communicating effectively demonstrates interest, trust, commitment and professionalism. Educators communicate through a variety of different ways. Communicating effectively can be through forms of writing, speech, verbal, non-verbal and body language. Communication is the key to success and importantly what brings the world together. An effective communicator is an effective listener. The quality of an effective communicator in the early learning centre provides families and parents important and relevant information and the willingness to discuss positive aspects of the child. Communicating effectively demonstrates a high level of quality and reassurance for both parents and the educator. Important information that is discussed and carried out within the early learning centre is the ch ild’s progression (daily information). This information that is relevantly discussed is the child’s routine, meal times, sleep times, the child’s developmental areas which are social skills, communication skills, fine and gross motor skills, emotional and cognitive skills and the child’s well-being. Informative discussions that are held between educators and families are based on the child’s interests and motives. This information is beneficial for the parents and demonstrates how an educator shows initiative and companionship towards children and their education that the educator brings into the child’s environment. Families also are benefiting and gaining this information which allows them an understanding and good results of how their child is progressing in the centre. This includes what the child may need to focus on and the positive side of the child. As children are all individuals, educators are to include children with special needs to experience literature, language skills and all areas of development skills. Children with special needs have special aids that teach children communication skills and different ways of communication which involves mostly how to understand communication which is non-verbal. Within the daily program that is carried out in an early learning centre, educators are to also include diversity. Including language through diversity promotes children the ability to learn different languages, culture and most importantly how to speak different languages. As an Educator, communicating effectively to children develops their social, emotional, physical and intellectual skills. While communicating to children it broadens their understanding on reading and literacy. These main two qualities of development help children to improve on their pronunciation skills and their language skills. As children are developing such an important skill in their life, they are developing self-confidence within th emselves. As an educator, demonstrating effective communication skills enhances children’s awareness of how to talk, read and write. Children learn by hearing words, therefore when educators are communicating to children within the learning centre, children are capable of matching the words together and making meaning of what is being heard. As quoted, â€Å"Reading aloud with children is known to be the single most important activity for building the knowledge and skills they will eventually require for learning to read.† – Marilyn Jager Adams.