Fall of Enron Essay - 1430 Words

Q1- Who were the key stakeholders involved in, or affected by the collapse of Enron? How and to what degree were they hurt or helped by the actions of Enron management? Ans- The key stakeholders affected by the collapse of Enron were its employees and retirees. Stakeholders and mutual funds investors lost $ 70billion market value. Banks were also affected by the meltdown of the company. They included big banks like J P Morgan Chase and Citigroup. Not only the stakeholder and bondholder lose out, the confidence in the company also fell. This was the major setback for the company. The actions of Enron management left a deep scare for its 4000 employees which lost out their jobs and also impacted others around them. Some blamed Arthur†¦show more content†¦All the above issues that led to the bankruptcy of the company were perpetuated by the actions of Lay, Skilling, Fastow and other executives. They all led to the collapse of the company. Lay did not enquire about the decisions that Skilling and Fastow were taking. He just approved to everything that they kept in front of him. Skilling always wanted to keep up to the Wall Street expectations a nd for this he gave pressure on his executives to find new was to hide the dept. This was the major setback for the company as they didn’t know that in future everything was going to come out and it would have led to bad consequences. Lay did not enquire about all this and approved of all the work Skilling was doing. Q3- What steps should be taken now by corporate managers, stakeholders, and policy makers to prevent a similar event from occurring in the future? Ans- People should not lie about the company’s financial status just to bring it up In the market. Eventually the truth is going to come out one day or the other. Auditors should properly keep track of the finances. Managers, stakeholders and directors should be aware of everything that is happening in the company. Policy makers should think about what steps they are taking and how it will affect other people lives. They should not make policies for the benefits of the big companies who give them finances for their political endeavours. Updated case:- ManyShow MoreRelatedThe Fall of Enron1146 Words   |  5 PagesCase: The Fall of Enron 1. Why was Enron such an admired company prior to 2000? What innovation do they bring to the table? Be specific and support your statement with concrete information. Enron was an admired company prior to 2000 because at that time it surfaced as a frontrunner in the deregulated energy market, making it possible to sell energy at higher prices, thus significantly increasing its revenue. The company, through efficient management team, has built leading businesses in energyRead MoreFall of Enron1160 Words   |  5 PagesThe Fall of Enron 1. Why was Enron such an admired company prior to 2000? What innovation do they bring to the table? Be specific and support your statement with concrete information. Prior to the year 2000, Enron Company, established in the mid-80s, caused the admiration worldwide because of its fast rise of revenue both in the local and international stock market in a short period of time. Enron’s operating income in the year 2000 was stated in $100.7 billion and its after-tax net income wasRead MoreEssay on THE FALL OF ENRON727 Words   |  3 PagesThe Fall of Enron The History Enron began as a pipeline company in Houston in 1985. It profited by promising to deliver so many cubic feet to a particular utility or business on a particular day at a market price. That change with the deregulation of electrical power markets, a change due in part to lobbying from senior Enron officials. Under the direction of former Chairman Kenneth L. Lay, Enron expanded into an energy broker, trading electricity and other commodities. The Business of Enron EnronRead MoreThe Rise and Fall of Enron1170 Words   |  5 PagesThe Enron Corporation was founded in 1985 by Kenneth Lay and based in Houston, Texas. Enron was known as one of the world’s leading electricity, natural gas, communications and pulp and paper companies. By the late 1990s Enron was considered one of the country’s most groundbreaking companies constructing power plants, gas lines, buying and selling electricity and gas, and partaking in a unique trading business; creating whole new markets for oddball commodities. In 1995 annual revenues were aroundRead MoreThe Rise And Fall Of Enron1008 Words   |  5 PagesIntroduction Enron began as an energy company in 1985. After the deregulation of oil and gas in the U.S., Enron lost its’ exclusive rights to natural gas pipelines. The CEO, Kenneth Lay then hired a consulting firm to reinvent the company in order to make up lost profits. He hired Jeffery Skilling, who was in banking, specifically; asset and liability management. Under the topic â€Å"The Beginning Presages the End†, C. William Thomas (2002) writes: â€Å"Thanks to the young consultant, the company createdRead MoreThe Rise and Fall of Enron1532 Words   |  6 PagesMost of the world has heard of Enron, the American, mega-energy company that â€Å"cooked their books† ( ) and cost their investors billions of dollars in lost earnings and retirement funds. While much of the controversy surrounding the Enron scandal focused on the losses of investors, unethical practices of executives and questionable accounting tactics, there were many others within close proximity to th e turmoil. It begs the question- who was really at fault and what has been done to prevent it fromRead MoreThe Rise And Fall Of Enron1900 Words   |  8 PagesThe Rise and Fall of Enron One of the most basic tenets of all companies, whether small or large, is to create a principled corporate culture. Those ethical principles must start with the executives of the organization and trickle down to the individual employees. Leaders affect the employees’ decision-making process, yet they tend to adopt the same rationale as their leaders when reaching a decision. The leadership of a company needs to find a balance between risk and creating opportunity. WhileRead MoreThe Rise and Fall of Enron2970 Words   |  12 PagesThe Leadership of Kenneth Lay 5 Contributing Factors for Enron’s Debacle 7 Power Abuse 7 Fraudulent Accounting Practices 7 Employees and Board members 8 Investors Grief 9 Auditors and external regulatory agency 9 Conclusion 9 The debacle of Enron, led not only the company to bankruptcy but also its employees and shareholders. Unethical leadership and vested interests played a significant role in its imminent failure. Very few had the courage to challenge authority and leave when faced withRead MoreThe Rise And Fall Of Enron Essay860 Words   |  4 PagesThe Rise and Fall of Enron The objective of every company is to maximize profit, become a big player and remain viable. Enron was no exception the key players at the time were Kenneth Lay CEO, Jeffery Skilling who was hired by Lay in 1990 to head the Enron Finance Corporation and by 1997 Skilling was made President and Chief Operating Officer. Andrew Fastow, CFO who was the chief financial officer of Enron. Enron merged Houston Natural Gas in 1985 with another natural gas pipelineRead MoreRise and Fall of Enron Essay872 Words   |  4 PagesThe rise and fall of Enron is a company that was lead to its own demise by it’s own leadership and ill business decisions. The motivational theories explained from the readings of Organization Behavior can correlate with the failure of Enron’s internal organization. Even though a company may appear to display successful business practices, the influence of leadership through management can ultimately lead the company to fail. Enron’s code of ethics prided itself on four key values; respect, integrity

The Between Mass Media And Digital Media Essay - 1501 Words

Convergence can be described as devices that can do multiple media forms. Broadly, convergence is the blending of multiple media forms into one platform for purposes of delivering a dynamic experience. According to Encyclopedia Britannica, media convergence can be described as a â€Å"phenomenon involving the interconnection of information and communications technologies, computer networks, and media content. It brings together the â€Å"three C’s†Ã¢â‚¬â€computing, communication, and content—and is a direct consequence of the digitization of media content and the popularization of the Internet† (Encyclopedia Britannica, 2014). Using print media (newspaper), broadcasting (radio and television), and mass audience to accurately explain how convergence can define a relationship between mass media and digital media. With the advances of technology, people now mainly focus on using smartphones, laptops or internet to access their personal mass media content. Be cause of modern technology being very portable, it is more favourable to use such devices rather than carrying print media. Mass media content still has its place with current times, however, instead of the original flow of produce to distribute to consume, it has been replaced by content to produce to content. Mass media forms are being put onto digital media. There are a number of driving forces that focus attention on the topic of convergence, mainly the digitalization of the media and information technology. Media convergence is theShow MoreRelatedCorrelation Between Mass Media And Digital Media Essay1890 Words   |  8 Pages(2013). In relation to mass communication, media convergence incorporates insights and methods to describe, characterises and understanding of digital media (Latzer, 2013). Convergence adequately describes the relationship between mass media and digital media. Mass media refers to ability to communicate openly and internationally to many receivers within a limited amount of time. The latest digital forms have expanded speed, capacity, and transmission efficiently of mass media platforms (Mcquail, 2000)Read MoreMass Medi The Spread Of Digital Media Communication1701 Words   |  7 PagesIs the mass media likely to survive the spread of digital media communication? The purpose of this essay is to explore if mass media is likely to survive the spread of digital media communication. Firstly, this essay discusses the definition of mass media, as well as when and where it originated in order to gain a better background understanding. It then goes on to discuss the growing popularity of digital media and how mass media communication still prevails despite the new digital media. In theRead MoreThe Effects Of Digital Media On Society s Media1714 Words   |  7 Pagesundeniable that the society is experiencing a mediated culture, where mass media have direct effects on our society. Newspapers, magazines, radios, and televisions constantly give out messages to promote products, attitudes, and ideas in an attempt to influence audiences. The effect is further enhanced when digital media, particularly the Internet, enters the competition for the limited supply of audience attention. The saturated mass media industry no longer has the benefit of reach it u sed to have, especiallyRead MoreMedia and Mass Communications Development on a Healthy Mature Culture1200 Words   |  5 PagesMedia and Mass Communications development on a Healthy Mature Culture This argumentative essay is specially made to discuss the possibility for media and mass communication to nurture the development of a healthy, mature culture. Overall, the process of media and mass communication media development has already caused changes in the public sphere. The digitalization of media dramatically increases the chances of the people to get an access to the information, which is transferredRead MoreThe Effects Of Mass Media On American Culture777 Words   |  4 Pages Effects of Mass Media Amanda Shock Media Influences on American Culture (HUM/186) 10/19/2015 Allyson Wells Effects of Mass Media There are many different effects of mass media. Where would the world be today without mass media? The world has evolved so much. From the written era all the way to the digital era, communication has changed so much. For instance, when the radio was invented it changed the way the news was communicated and provided entertainment. The television came soonRead MoreNetworking Systems1077 Words   |  5 Pagesinfluences of the rapidly expanding networking systems at our lives, cultures, beliefs, politics, and even at our identity formations. Thirteen years ago, at her various researches, she underlined probable risks as well as facilities. This new age media, or mean of communication, brought the necessity of reconstruction, negotiation and redefinition of some concepts within the context of socio-cultural structures such as community, liberation, nationalism and identity. Unsurprisingly, extensive usageRead MoreMidterm Review Essay963 Words   |  4 PagesMComm100†©Ã¢â‚¬â€œÃ¢â‚¬ ©Mass†©Communication†©in†©Society†© Midterm†©Review†©Ã¢â‚¬â€œÃ¢â‚¬ ©12th†©Ed†© (Chapters†©1†©Ã¢â‚¬â€œÃ¢â‚¬ ©9)†© †© Understand†©the†©definition†©of†©Ã¢â‚¬Ëœencoding’†© What†©is†©Ã¢â‚¬Ëœnegative†©feedback’?†© Characteristics†©of†©a†©mass†©communication†©audience†© What†©is†©a†©Ã¢â‚¬Ëœmedia†©vehicle’?†© Characteristics†©of†©mass†©communication†©organizations†© What†©vehicles†©have†©increased†©the†©mobility†©of†©the†©mass†©media?†© Trust†©in†©the†©media†©is†©considered†©what?†© Definition†©of†©Ã¢â‚¬Ëœsurveilance’†©Ã¢â‚¬ ©with†©regard†©to†©individual†©media†©use†© Consequences†©of†©relying†©on†©mass†©media†©for†©interpretation†© Read MoreThe Internet And New Media1504 Words   |  7 Pagesservices encouraged over time the materialization of many computer programs, with features that help create numerous digital extensions of the man, giving birth to the online generation. 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IdeallyRead MoreBenchmarking1075 Words   |  5 PagesChapter 1 – Mass Communications: A Critical Approach Culture and the Evolution of Mass Communication * Culture * can be narrowly associated with art – forms of expression such as music or painting that provide enlightenment or insight * can also be viewed as a broader category that includes the entire spectrum of ways that people express themselves at particular historical times * including art, beliefs, customs, games, technologies, traditions, and institutions

Reinventing Business Growth Franchising

Question: Discuss about the Reinventing Business Growth Franchising. Answer: Introduction The business operations are taking a new direction in the developed nations considering the huge inflow of FDI i.e. Foreign Direct Investments by the means of Franchising. There has been a vast literature presented by focusing on the franchising business in several developed countries. The focus of this study is over the literature presented on the Australian fast food industry and franchising. The business of franchising is usually accepted in Australia and yielded higher revenues for the domestic operators. Therefore, franchising in the Australian fast food sector is a growing business which is satisfying the needs of Australians in terms of revenue generations as well as job creation (Hussain and Windsperger, 2010). There is presence of intensified global competition; earlier ten local organisations that use to dominate the domestic market at home now find the global competitors to compete with abased on their arrival by the means of franchise as an entry and distribution strategy for entering and gaining in the new markets. As per the researchers Cavusgil, Knight, Riesenberger, Rammal and Rose (2014) franchising is recognized as a robust source for the distribution and marketing of the services and the products which are employed by the franchisors for marketing their services and products. It has been illustrated by Doherty (2009) that since the period of 1960s, there has been observed a significant growth in the international franchising and that is because of the pull and push factors. The aspects such as diminishing profits, increased competition and domestic saturation have forced the franchisors to inspect the business opportunities available in the international regions as there are supp orting political conditions, demographic factors and favourable macroeconomic aspects which have pulled the interest of the franchisors (Hoffman and Preble, 1991). The researchers and the industrial analysts have observed franchising as one of the key strategy incorporated by the MNCs i.e. the multinational corporations for expanding and prompting their business operations in other untapped regions and this has touched diverse sectors comprising the fast food sector which is primarily the key area for this study. And therefore the primary intention is to focus upon the opening of a new Subcontinent-style fast food franchise in Australia (Dant, Grnhagen and Windsperger, 2011). In last few decades, the interest in the franchising business is growing with an increasing rate as it has been recognized as a new market entry approach and a pioneering distribution paradigm in the marketing environment. The increasing attention has given birth to varied literature and view-points by practitioners, scholars and authors. According to the author, Franchising can be explained as an agreement among the two organisations where the service or product producer grant the rights of conducting the business as independent business in a particular manner, for a certain period of time and at a designated place to a franchisee. Franchising is not a business in itself but a specific way of performing business. As per the FCA i.e. Franchise Council of Australia, the franchising is a business association under which the franchisee attain the rights from the franchisor to distribute and market the services as well as goods, and to take use of the business name for a specific time pe riod (Awoseila, 2011). Australia is considered as one of the regions which have the highest number of fast food franchising. The opening of a new sub-continental fast food franchise in Australia is considered both as a good as well as a bad decision for the organisations. As per the studies, the Australian market is considered as the most profitable market for the fast food companies as there is increasing rate of consuming fast food among the Australians. There are gigantic fast food chains which have established by the means of franchising such as McDonalds, KFC, Subway. These three fast food chains entitle for 65 percent of the total fast food market share in Australia (Brailsford, 2003). The country is a hub for the MNCs who are seeking business and trade options in the fast food sector through franchising, the legal laws and regulation relayed to franchising are also extremely supported which acts as the pull factor for the foreign direct investments. There are continuously increasing rate of the indi viduals as well as the children suffering from obesity in Australia which shows the dietary habits of the people in Australia. There are other numerous advantages of Franchising business in Australia as discussed by several authors related to the availability of the effective and trained management, easy capital loan from the banks without much issues and regulatory frameworks, higher brand recognition, less risk associated, rapid expansion, higher profits, franchisee has the knowledge of the host country, franchise royalties, favourable macroeconomic factors, etc. As per the trade theory explained by various authors and researchers, the multinational companies get involved in the international business operations to achieve monopoly as well as high return to scale. There are several domestic factors which pressurises the companies to move to global world for increased sustainability and growth. The factors include lack of opportunities, upsurge competition and consistency in the market. The opening of a sub-continental style fast food chain in Australia is relatively a beneficial option for the companies to initiate trade in the regions of Australia and to have a recognized existence in such developed nation. But oppose to the views of the above researchers and authors, there are certain arguments which restricts the organisations to have opening of a sub-continental style fast food chain in Australia (Hussain and Windsperger, 2010). As per the views of the author, the Australian market is already a fully groomed market in consideration with the fast food sector. The big giants like McDonalds and KFC have their high monopoly in the Australian market which restricts the new entrant to enter into the fast food industry and give competition to the domestic placer as well as these large scale franchisees (Weaven and Frazer, 2007). The next argument given by the authors is that, since few years, the people are moving towards to a healthier life because of the rapidly increasing diseases such as obesity, diabetes, harmonise imbalance, etc. (Reed and Elliott, 1999). Among the individual who have more of fast food consumption. Therefore, as per the views and opinions of the researchers opening of fast food is relatively a bad idea because of the fact that people are stepping head towards the healthy and nutritious food habits. The changing habits of the individuals and the influence of the preens on the children to have a balanced diet instead of fast food results in decrease in the demand for the fast food in the Australian regions. Because of extensive amount of pressure laid down upon the domestic and local retailers of the fast food industry, the Government is also restrict ting the multinational corporations to have a market entry in the Australian fast food industry by the means of franchising. The source of income is getting squat with time because of the increased presence of the multinational companies through franchising, joint venture, merger or acquisitions (Frazer, Weaven and Wright, 2002). Australia is recognized as the fat nation because of the factors that the presence of fast food outlets it incaresing with a rapid rate. There is a significant role of these outlets in the increasing demand for the fast food among the Australians (Paik and Choi, 2007). There is vast demand for hamburgers, pizza, fried chicken, ice-creams, etc. The high demand for fast food fetches the attention of the companies but the regulatory frameworks somehow restrict the increasing presence of the multinational companies in Australia. The Trade Practices Act 1974 and the Trade Practices Regulations 1998 have their strict laws and legal frameworks as per which the organisations can enter in franchising agreement. There are other issues such as franchisee failures which also restrict the organisations to involve in franchising. As already discussed, fast food industry is a mature business industry of Australia, thus, the chances of franchising failures are much high because of higher market comp etition, decreased sustainability, few or no untapped markets or regions to cover with the fast food business operations (Fleischhacker, et al., 2011). There is a vast impact of franchisor failure on the franchisees as there can be collapse of the franchisees business or the failure of the franchisors business. In number of researchers, the failure is of the franchisee unit which is acting independently. In, Fast food nation: The dark side of the all-American meal, Schlosser, have explained the impact of franchising failures in an in-depth manner, where not only the positivism of franchising is targeted but also the disadvantages and negative implications of franchising have also targeted (Schlosser, 2012). Australia is a developed nation with dynamic environmental factors and highly fluctuating economy. The opening of a sub-continental fast food restaurant is both a risky and beneficial decision. There can be attained several advantages from the opening of fast food restaurant through franchising agreement such as trained management, low risk, high control, balanced approach, applied theories and practices, increase brand value, in creased sales, higher market share, presence in untapped region, etc. But at the same time, scholars demonstrate the negative outcomes too including control issues, franchising failure, entrance in a fully developed sector, increased competition, tough entry, management issues, etc. (Combs, Michael and Castrogiovanni, 2004). Conclusion In this paper, it has been review that how rapidly the fast food sector and the franchising business operations are rapidly increasing in the markets of Australia. The country is a well-known and well-established place for the inflow of foreign direct investments. The literature presented on franchising shows that there are both pros and cons of involving in the franchising agreements. The Australian market are the competitive markets which support franchising and foreign direct investments but still for saving the local retailers, there is firmness in the legal frameworks. From the perspectives of various authors and researchers the advantages of performing franchising business in a good decision but when it is in consideration with fast food industry of Australia, the same observes as a less effective because of the increased competition and high number of fast food outlets already existing in the nations. The literature shows that people are moving towards healthy and nutritious d ietary patterns because of increasing health issues among the adults as well as the children. Therefore, the opening of a sub-continental-style fast food franchise in Australia have numerous benefits which acts as the push factor to initiate the business operations but at the same time some factors also acts as the restricted forces. References Awoseila, F., 2011. Reinventing business growth through franchising in developing economies: A study of the Nigerian fast food sector.International Journal of Marketing Studies,3(1), p.162. Brailsford, I., 2003. 'US IMAGE BUT NZ VENTURE': AMERICANA AND FAST-FOOD ADVERTISING IN NEW ZEALAND, 1971-1990.Australasian Journal of American Studies,22(2), pp.10-24. Cavusgil, S.T., Knight, G., Riesenberger, J.R., Rammal, H.G. and Rose, E.L., 2014.International business. Pearson Australia. Combs, J.G., Michael, S.C. and Castrogiovanni, G.J., 2004. Franchising: A review and avenues to greater theoretical diversity.Journal of Management,30(6), pp.907-931. Dant, R.P., Grnhagen, M. and Windsperger, J., 2011. Franchising research frontiers for the twenty-first century.Journal of Retailing,87(3), pp.253-268. Doherty, A.M., 2009. Market and partner selection processes in international retail franchising.Journal of Business Research,62(5), pp.528-534. Fleischhacker, S.E., Evenson, K.R., Rodriguez, D.A. and Ammerman, A.S., 2011. A systematic review of fast food access studies.Obesity reviews,12(5). Frazer, L., Weaven, S. and Wright, O., 2002.Franchising Australia 2006 Survey. Griffith University and Franchise Council of Australia. Hoffman, R.C. and Preble, J.F., 1991. Franchising: Selecting a strategy for rapid growth.Long Range Planning,24(4), pp.74-85. Hussain, D. and Windsperger, J., 2010. Multi-unit ownership strategy in franchising: Development of an integrative model.Journal of Marketing Channels,17(1), pp.3-31. Paik, Y. and Choi, D.Y., 2007. Control, autonomy and collaboration in the fast food industry: a comparative study between domestic and international franchising.International Small Business Journal,25(5), pp.539-562. Reed, R. and Elliott, P., 1999. The valuation of fast-food outlets: analysis, methodology, and reliability.The appraisal journal,67(4), pp.359-369. Schlosser, E., 2012.Fast food nation: The dark side of the all-American meal. Houghton Mifflin Harcourt. Weaven, S. and Frazer, L., 2007. Expansion Through Multiple Unit Franchising Australian Franchisors Reveal their Motivations.International Small Business Journal,25(2), pp.173-205.

Competitive Strategy Business Model Strategy

Question: Discuss about theCompetitive Strategyfor Business Model Strategy. Answer: Business Model Innovation Business model innovation is the process of the development of unique and new concepts that supports the financial viability of an organization. It also includes the process of converting those ideas into fruition along with its mission. The prime goal of the innovation is the realization of the sources of new revenue by the improvement of product value and the delivery of the product to its customers (Massa and Tucci 2013). With the progression of the digital age, business model innovation has evolved as the technology that has changed dramatically the process of delivery and operation of services to the customers. Several Australian organizations are undergoing a business model transformation as part of innovation that has significantly increased their revenue generation capabilities (Amit and Zott 2012). From the e-learning material, the key ideas that have been extracted consist of innovation, competitive advantage, limitation and commodity and the process of the application of i nnovation includes initiation, ideation, integration and implementation. McDonalds Australia (MDA) is a public company in Australia that is unlisted and two-thirds of its business is operated and owned by franchisee business in the country. The company serves more than one million customers everyday and therefore, it is the priority of the company to maintain the integrity and trust. The corporate values and vision of the organization are customer based that has grown the company in over 118 countries with a total of more than 34,000 restaurants that serves more than 50 million people everyday globally (Kane et al. 2015). MDA contributes about 0.2% to the GDP of Australia by serving 1.7 million Australian customers daily across its 869 restaurants throughout the country (Nadolny and Ryan 2015). The existing business model of the company is based on its value proposition of delivering food of consistent quality to its customers that are also served quickly. The targeted customer segments of the company include the youngsters, families, business and elderly people. Its franchise holders are its main strategic partners that cover up to 80% of its restaurants and follow a three-legged stool of MDA, franchisees and suppliers (Emerson and Prang 2015). Selling and marketing of its beverages and food are the key activities of the business with its key resources being its restaurants and the employees. The customer relationship activity is an online activity on the customer preferred device. The cost structure includes the marketing costs, raw materials procurement, restaurants and the employee loans and the generation of revenue takes place from the restaurants that are owned by the franchisee holders and the company itself. MDA can undergo business model innovation to further increase its business, generate greater revenue and improve customer satisfaction. The company can build a strong partnership with the suppliers for creating shared market values and sustainable development. Business Model Strategy Business model strategy is the process by which the business achieves the desired objectives with a long term planning. The prime resource issues of business strategy are concerned with the scope of the activities of the business, financial considerations and allocation of the resources. Growth and globalization are the outcomes of the appropriate implementation of innovative business model strategy which will be further discussed for MDA in the form of its digital strategy. Innovation can be brought about in the business model of MDA by the application of innovative digital strategy. Presently, the company lacks a digital holistic approach that misses the aspect of the customer journey and service out of the restaurant (Mohapatra and Singh 2012). This can drastically improve the customer experience by making the food delivered to the customers place and increase the customer engagement in designing the mobile app that has greater customer customization according to their preferences . The digital strategy will also improve the in-restaurant experiences that will also make them skip the queues and customize their food from their cars. Drive-ins can also be facilitated to increase the in-car experience of the customers along with the food anywhere strategy that will enable the delivery of the food from the restaurants to apparently anywhere according to the customer requirements. This can give an innovative makeover to the largest restaurant chain in the world by making it digitally minded. These innovations can take the restaurant and its customers to the next level of food delivery and provenance with real time supply chain for the food preferred by the customer. These innovations can provide increased competitive advantage to the business over its competitors based on the strategies of focus, differentiation and cost leadership. This business model innovation of MDA will make its products and services different from its competitors and can make its customers b elieve in the same concept with increased accessibility to the commodities of food and beverages. The negative sales of few of the outlets can have a turnaround with the menu simplification and its locally relevant facet (Weber and Prodromou 2015). Although this business model innovation has several advantages, it has the limitation in its application on the franchisee level. Since majority of the business of MDA is based on franchisee outlets, appropriate implementation of the concept may not be possible in every outlet managed by the franchisee holders. In addition, the mobile strategy might face the hazards of online threats that can potentially hit the business as the customers might choose to opt out of the digital purchase system (Coursaris et al. 2014). Although the strategy aims to remove the physical boundaries of time or place and enable the customers to stay connected and place orders, it might miss the cordial feelings of the restaurant that the customers are provided by the staff members. However, with the business model innovation of digital strategy, the company will have to aim the local customers and restructure its local stores to generate maximum revenue out of its commodities at each level of its business. Implementation of the business model innovation of digital strategy will follow the steps of initiation, ideation, integration and implementation. The initiation step will allow MDA to analyze the existing business model and identify the potential loopholes. The need for the digital strategy will be surfaced in this step and with the targeting of the customers and what the company will be offering them with the digital strategy. This step is also crucial as it will discuss the value proposition and the generation of revenue. In the ideation step, the digital strategy business model will be compared with the other possible business models and establish the suitability of the proposed business model innovation of digital strategy (Tomlins 2 014). This comparison will enable MDA to thoroughly examine the proposed business model and identify the limitations of the innovation. Matches are tried to find out between the digital strategy of MDA and the digital strategy adopted by the other organizations of similar capacity and business. The basic assumptions are challenged along with the dominant logic of the digital strategy as an innovative model. The integration step will investigate the business model consistency and examine the aspects of organizational fit to determine how the innovative digital strategy will fit into the business policies of MDA. The final step is the implementation where the business model will be thoroughly revised. A business model is designed in iterative cycles where a pilot model for the application of the digital strategy will be built and tested with qualitative and quantitative data and on success, the design phase will be considered where the implementation blueprint will be designed (Grant 2016). The assumptions are testified with the output of the new business model and the soft factors of innovation are also considered in this step of digital implementation. The digital strategy of MDA is targeted for the next generation of customers with its holistic approach of going beyond the television commercials to engage its customers at every step from social and mobile to advertising. A seamless ecosystem will be formed by tightly integrating the digital platforms with the rest of the organization. New apps will be developed to market the new services and products of MDA and taking them to the market with a huge opportunity to increase its revenue and avail competitive advantage of the mobile platform. References Amit, R. and Zott, C., 2012. Creating value through business model innovation.MIT Sloan Management Review,53(3), p.41. Coursaris, C.K., van Osch, W., Balogh, B.A. and Quilliam, E.T., 2014. Social Media Marketing: Investigating Empirical Links Between Purchase Involvement, Strategy, Content, And. Emerson, L. and Prang, Y., 2015. Compensation and Benefits: Company-Provided Benefits at McDonalds. Grant, R.M., 2016.Contemporary strategy analysis: Text and cases edition. John Wiley Sons. Kane, G.C., Palmer, D., Phillips, A.N. and Kiron, D., 2015. Is Your Business Ready for a Digital Future?.MIT Sloan Management Review,56(4), p.37. Massa, L. and Tucci, C.L., 2013. Business model innovation.The Oxford Handbook of Innovafion Management, pp.420-441. Mohapatra, S. and Singh, R.P., 2012. IT Strategy for McDonalds. InInformation Strategy Design and Practices(pp. 299-318). Springer US. Nadolny, A. and Ryan, S., 2015. McUniversities revisited: a comparison of university and McDonald's casual employee experiences in Australia.Studies in Higher Education,40(1), pp.142-157. Tomlins, C.T., 2014.What's Your Business?: Corporate Design Strategy Concepts and Processes. Gower Publishing, Ltd.. Weber, L. and Prodromou, P., 2015. The digital consumer: Building attractive digital environments to increase engagement, views, shares and sales.Journal of Digital Social Media Marketing,3(2), pp.103-113.

The theory of knowledge Essay Example For Students

The theory of knowledge Essay Here, we are not able to get truth when we interpret what our senses are telling us due to outside influences. In conclusion, we use our senses all the time, whether we are aware of it or not. We can use or senses and gain truth from the data that our senses give us in scientific experiments, and historical events. Furthermore, they are useful during everyday actions and decisions. A person with absent senses uses their remaining and better senses more consciously and actively in order to get to the truth. But contrastingly a mentally ill or healthy person can have their senses intact but read their senses wrongly and truth is then not given. We will write a custom essay on The theory of knowledge specifically for you for only $16.38 $13.9/page Order now The societies norms or common truths, can delude our senses of gaining truth, because of misjudgement. So ultimately our senses, hearing, seeing, smelling, tasting and touching are useful at certain contexts at attaining the truth but do not give or withhold truth from us because it is what we make of what our senses that gives us truth. Words: 1569 Bibliography Fitzgerald, Adrial. Unrestricted Yearning: A Compendium of Philosophy Based on the Works of Bernard Lonergan. 6 November 2006. 12 June 2008 http://unrestrictedyearning. blogspot. com/ . IMDb Inc. IMDb- The Internet Movie Database. 2008. 12 June 2008 http://www. imdb. com/title/tt0443274/ . Lonergan, Bernard. Lonergans Theory of the Criteria of Knowing (Epistemology) (Notes from Mr. Fitzgerald). n. d. Trubin, Julian. Following the Path of Discovery. September 2007. 12 June 2008 http://www. juliantrubin. com/bigten/galileofallingbodies. html . 1 Meaning is what we bring our attention to in our conscious- intentional acts. Meaning may be intelligent or unintelligent, reasonable or unreasonable, responsible or irresponsible. 2 Discursive means that we must know everything about the situation to find an answer. 3 Conscious act: an intentional action derived from our own performance where we have put our direct awareness/focus to it. 4 People who listen to soft- core punk that integrates from depressed melodramatic angst-full teens.

How Peer Review Works in the Social Sciences

How Peer Review Works in the Social Sciences Peer review, at least in intent, is the way the editors of academic journals attempt to keep the quality of articles in their publications high, and assure (or attempt to assure) that poor or fallacious research does not get published. The process is tied up with political and economic issues involving tenure and pay scales, in that an academic who participates in the peer review process (whether as author, editor, or reviewer) gets rewarded for that participation in an increase in reputation which can lead to an increase in pay scales, rather than direct payment for services rendered. In other words, none of the people involved in the review process is paid by the journal in question, with the sole exception (maybe) of one or more editorial assistants. The author, editor, and reviewers all do this for the prestige involved in the process; they are generally paid by the university or business that employs them, and in many cases, that pay is contingent upon obtaining publication in peer-reviewed journals. The editorial assistance is generally provided in part by the editors university and in part by the journal. The Review Process The way academic peer review works (at least in the social sciences), is that a scholar writes an article and submits it to a journal for review. The editor reads it over and finds between three and seven other scholars to review it. The reviewers selected to read and comment on the scholars article are chosen by the editor based on their reputations in the specific field of the article, or whether they are mentioned in the bibliography, or if they are personally known to the editor. Sometimes the author of a manuscript suggests some reviewers. Once a list of reviewers is drawn up, the editor removes the name of the author from the manuscript and forwards a copy to the chosen stout hearts. Then time passes, a lot of time, generally, between two weeks and several months. When the reviewers have all returned their comments (made directly on the manuscript or in a separate document), the editor makes a preliminary decision about the manuscript. Is it to be accepted as is? (This is very rare.) Is it to be accepted with modifications? (This is typical.) Is it to be rejected? (This last cases is also fairly rare, depending on the journal.) The editor strips out the identity of the reviewers and sends along the comments and her preliminary decision about the manuscript to the author. If the manuscript was accepted with modifications, it is then up to the author to make changes until the editor is satisfied that the reviewers reservations are met. Eventually, after several rounds of back and forth, the manuscript is published. The period from submission of a manuscript to publication in an academic journal generally takes anywhere from six months to over a year. Problems with Peer Review Problems inherent in the system include the time sink between submission and publication, and the difficulty obtaining reviewers who have the time and inclination to give thoughtful, constructive reviews. Petty jealousies and full blown political differences of opinion are difficult to restrain in a process where no one is made accountable for a specific set of comments on a particular manuscript, and where the author has no ability to correspond directly with her reviewers. However, it must be said that many argue that the anonymity of the blind review process allows a reviewer to freely state what he or she believes about a particular paper without fear of reprisal. The burgeoning of the internet in the first decade of the 21st century has made a huge difference in the way articles are published and made available: the peer review system is often problematic in these journals, for a number of reasons. Open access publishingin which free draft or completed articles are published and made available to anyoneis a wonderful experiment that has had some hitches in getting started. In a 2013 paper in Science, John Bohannen described how he submitted 304 versions of a paper on a bogus wonder drug to open-access journals, over half of which were accepted. Recent Findings In 2001, the journal Behavioral Ecology changed its peer review system from one which identified the author to reviewers (but reviewers remained anonymous) to a completely blind one, in which both author and reviewers are anonymous to one another. In a 2008 paper, Amber Budden and colleagues reported that statistics comparing the articles accepted for publication before and after 2001 indicated that significantly more women have been published in BE since the double-blind process began. Similar ecological journals using single-blind reviews over the same period do not indicate a similar growth in the number of woman-authored articles, leading researchers to believe that the process of double-blind review might assist with the glass ceiling effect. Sources Bohannon J. 2013. Whos afraid of peer review? Science 342:60-65. Budden AE, Tregenza T, Aarssen LW, Koricheva J, Leimu R, and Lortie CJ. 2008. Double-blind review favours increased representation of female authors. Trends in Ecology Evolution 23(1):4-6. Carver M. 2007. Archaeology journals, academics and open access. European Journal of Archaeology 10(2–3):135–148. Chilidis K. 2008. New knowledge versus consensus – a critical note on their relationship based on the debate concerning the use of barrel-vaults in Macedonian tombs. European Journal of Archaeology 11(1):75–103. Etkin A. 2014. A New Method and Metric to Evaluate the Peer Review Process of Scholarly Journals. Publishing Research Quarterly 30(1):23-38. Gould THP. 2012. The Future of Peer Review: Four Possible Options to Nothingness. Publishing Research Quarterly 28(4):285-293. Vanlandingham SL. 2009. Extraordinary Examples of Deception in Peer Reviewing: Concoction of the Dorenberg Skull Hoax and Related Misconduct. 13th World Multi-Conference on Systemics, Cybernetics and Informatics: International Symposium on Peer Reviewing. Orlando, Florida. Vesnic-Alujevic L. 2014. Peer Review and Scientific Publishing in Times of Web 2.0. Publishing Research Quarterly 30(1):39-49. Weiss B. 2014. Opening Access: Publics, Publication, and a Path to Inclusion. Cultural Anthropology 29(1):1-2.

Accounting for Decision Makers -Discussion Question Assignment

Accounting for Decision Makers -Discussion Question - Assignment Example The major weakness of Rio Valley involves low levels of net income. In 2014, the net income was $1,425,000. This is very low when compared to the revenue amounts in 2014 of $5,100,000. The low net income explains that the operating expenses form a huge proportion. The company should thus adopt strategies that ensure financial efficiency. One example entails, adopting production technology that minimizes labor requirements, and thus reduces labor costs like salaries, motivation, retirement, and training expenses. One common size measure utilized in analyzing dollar amounts is the percentage increase in sales, based on 2010 as the base years. The sales level in 2014 is $5,100,000. This sales level illustrates 127.5% increase in the 2010 value of $4,000,000 (Al & Wayne, 2015). 127.5% of $4,000,000 = $5,100,000. El Paso should thus invest in Rio Valley, due to the sales revenue increasing trends. However, adequate strategies must be utilized in minimizing production expenses and also operating

Speech presentation or Example | Topics and Well Written Essays - 1000 words

Speech or Presentation Example The purpose of this speech is to enable audience to exactly know about the importance of customers, they hold for any business. After the speech, audience will know basics of why maintaining good relations with customers is important, how customer relationship management can be implemented in brief and how it can benefit an organization. Customers, being the wage payers of employees, are very important for each and every employee of an organization. Especially, people in marketing and sales department should be well aware of their importance. Customers should be treated well, not only when they are making their purchases but also after the time since the post purchase care shown by businesses towards their customers is an important tool to attract customers for being loyal with the organization and repeat their purchase. Existing or Old customers hold key importance for businesses. Studies have proved that the most effective area of revenue generation for businesses is to attract existing customers. But even then most businesses think that once a customer has made the purchase, he or she is bonded with the organization which ultimately results in to the loss of customer base and number of clients or customers for an organization starts shrinking. Customers are very sensitive to organization's behavior with them. There can be many reasons a customer may feel bad about an organization and wishes not to repeat his or her purchase with the organization. They might think that the organization is no more fair or justified with its offering, or organization is unconcerned with the issues and problems they had from their previous purchase, or a competitor of their previous seller has offered a better product or service. Customers, if find an organization trustworthy, are very eager to repeat their purchase with this organization since it reduces their time for decision making their purchase. They had an experience with the organization's product or service and they are confident and satisfied with the organization's offering; these things provide them an ease of mind in their purchase decisions which ultimately transform into repeat purchases. It is always feasible for an organization to work for attracting its existing customers since: "Repeat customers spend 33% more than new customers. Referrals among repeat customers are 107% greater than non-customers. It costs six times more to sell something to a prospect than to sell that same thing to a customer (Laura Lake, 2007)". Before implementing customer relationship management in an organization, management should know, "what is the actual problem with the existing handling of customers that initiated the need for customer relationship management" (Management-crm, 2007) "Customer Relationship Management (CRM) is a process companies use to understand their customer

Foreign Intelligence Organization Essay Example | Topics and Well Written Essays - 750 words

Foreign Intelligence Organization - Essay Example In the past, these countries focused their efforts on getting intelligence concerning the United States Military capabilities, as well as military research and development activities. Today, these nations also collect technical, scientific, proprietary and economic information. The information collected is aimed at promoting the national welfare of these nations and also acquiring and maintaining highly developed military systems. These countries have the ability of collecting U.S. intelligence information using Human Intelligence (HUMINT), Signal Intelligence (SIGINT), and by analyzing open source material.1 Other countries also have the ability to collect imagery products that can be used to collect Image Intelligence (IMINT). It is essential to note that only the Russian Federation gathers space-borne intelligence. 1The People’s Republic of China also has this ability though to a rather limited extent. Therefore, Russia remains to be the nation that poses the most significa nt intelligence collection threat to the U.S. Russia has immense intelligence capability that was inherited from former Soviet Union. A large proportion of Russia’s intelligence collection infrastructure is focused on collecting information relating to the U.S. The Russian Federation uses SIGINT, HUMINT, IMINT, MASINT, and open source analysis. This is used to develop intelligence products for military planners and Russian political leaders. According to the federal Bureau of Investigation, Russian intelligence operations have increased in sophistication, scope, and number.2 They are likely to remain at this high level for the near future. The bodies legally responsible for foreign intelligence functions in Russia include the Russian Foreign Intelligence Service (SVR), the Main Intelligence Directorate of General Staff (GRU) and the Federal Agency for Government Communications and Information (FAPSI). SVR mainly collects scientific, political, technical and economic informati on. Majority of case officers working for SVR operate from Russian Embassies and consulates under diplomatic cover. Though alleged that SVR personnel have been reduced by 30%, active collection operations continue, and suspicion that SVR influences operations, and conduct propaganda is rife.2 The GRU mainly provides strategic and tactical intelligence for the Russian Military.2 They collect warning intelligence, important information on military capabilities of likely adversaries, and data on superior military technologies. Their collection techniques include HUMINT, both overt and clandestine, open sources, satellite imagery reconnaissance, SIGINT from ships, ground stations aircrafts and satellites. Collection activities that significantly threaten U.S interests are those under the Space Intelligence Directorate and First Deputy Chief.3 The Space Intelligence Directorate, in conjunction with the Fleet Intelligence Direction, manages Russia’s space reconnaissance program. Th e SDI operates many research institutes, its own cosmodromes, and a centralized computer processing facility. FAPSI’s main role is communications security for Russia.2 Russia continues to place emphasis on HUMINT.3 This is because of the information they gathered from the past. It is

Supply and Demand Analysis for the Notebook

Supply and Demand Analysis for the Notebook Introduction Of Supply And Demand In The World Supply and demand is perhaps one of the most fundamental concepts of economics, which is the backbone of a market economy. Demand refers to the number of products or services (quantity) needed by the buyer. The quantity demanded is the amounts of a product are willing to buy at a certain price. Nowadays there are many types of notebook that can be found in the market such as Acer, Dell, Lenovo and so forth. Whether it is for personal or business’s use, there are plenty of choices that customer can choose. Also, they can make choices by referring on the design, price and specifications of the notebooks which provided to them. The demand for notebook will increase but the quantity supply still constant due to the process of research and development (RD) for notebook and tablet. Although they speculate that notebook will be replaced by tablet but they still need to maintain their business by selling notebook. Graph Of Supply And Demand Of Notebook In The World Diagram 1 Diagram 1 shows a graph for the notebook’s demand increases and supply remains constant in Malaysia. Thus, the price and quantity demanded of the goods are increased when the demand is increased but the supply is still constant. Reason Of Demand Increase Supply Constant On Notebook In The world According to NPD Display Search in Quarterly Mobile PC Shipment and Forecast Report, it states that Tablets will edge out notebooks in global shipments this year. Tablet PC shipments are expected to more than 240 million, while shipments of laptops will reach about 207 million. This is the first time, Tablet PC will more than 50% of the annual market share this year, increase from around 38 percent last year and 26 percent in 2011. The graph refers to Appendix 1. Based on the statistic the emerging and mature market for notebook and tablet, the tablet shipment will ride 64 percent to 2013 from 2012. Thus, both research groups NPD and DIC have been carried out on the process of Research and Development (RD). It is because they want to know the consumer reaction on the notebook and tablet in related market. Tablet has been observed in the market which the situation of demand increases and supply constant will be happened relate the notebook. Although they speculate that notebook will be replaced by tablet at any time but they have still need to maintain their business by selling notebook. Besides that, the supply of the notebook will be remaining constant because it is easy to stock clearance through the process of Research and Development (RD). The way they are using in notebook’s stock clearance by using the promotional strategy. For example, supplier or seller can promote their notebook either gives a cheaper price to the customer who wants to purchase or give the promotion such as buy 1 free 2 to attract the customer to purchase through in Information Technology (IT) fair. Conclusion of Supply And Demand In The World Notebook is a technology that will bring convenience to customer and business user. But with the development technology nowadays, the notebook become less of demanded it is because the tablet will substitute the laptop. Thus, both research groups NPD and DIC have been carried out on the process of Research and Development (RD) to know the consumer reaction on the notebook and tablet in related market. In conclusion, the supplier of notebook can produce a new function for notebook to attract consumer to purchase and do not be replaced by tablet. It also to avoid the demanded quantity of notebook will decrease. Introduction Of Substitute Effect Substitution effect is the change in the quantity of that good consumed when the budget constraints reflect the new amount of prices, but keep the original agent indifference curve. Consumers are always spending on higher-priced goods to lower-priced ones as they tried to maintain their living standard when facing inflation. The product is considered as a substitute good in a certain period where if the price of coffee is increased, people will go for tea and vice versa. According to Geoff Riley, he said that the substitute goods such as coffee, an increase in the price of coffee will lead to an increase in demand for the tea. Thus, the cross price elasticity for two substitutes will be positive. Some of the consumers will replace to another similar good such as coffee being substituted with tea due to their salary income still constant. Besides that, they also can replace to cheaper price in coffee when they want to drink coffee such as Starbucks Coffee will be replaced to Mc Cafà ©. Substitute Good For Coffee And Tea The price of the coffee increase, there are two effects that are left behind which are the income effect where people will feel as if they are no longer can able to afford a particular good, because their monthly income and also the substitution effect where a person will replace to another similar good such as coffee being substituted with tea. According to Geoff Riley  showed that the substitute goods such as coffee, an increase in the price of coffee will lead to an increase in demand for the tea. Thus, the cross price elasticity for two substitutes will be positive. Some consumer will replace to another similar good such as coffee being substituted with tea it is because the price of coffee is higher than tea. Thus, consumers are wanted to maintain their income. According to Indexmundi show that the comparison in between the rate of change in the price of Tea and the rate of change in the price of Coffee, Other Mild Arabicas. The report refers to Appendix 2. If the price of coffee increases, the price of the tea will decrease. Thus, the demand of the tea will increase. Otherwise, consumer can replace to cheaper coffee when they want to drink coffee such as Starbucks Coffee will be replaced into Mc Cafà ©. JILL KRASNY (2012) has proposed that â€Å"McDonald’s introduced the McCafà © Cherry Berry Chiller ($2.89 for a 16-ounce cup) and McCafà © Frappà © Chocolate Chip ($3.99 for a 16-ounce). Starbucks’ Frappuccino is more expensive ($5.45 for a 16-ounce cup) than McDonald’s version.† However, the price of the coffee increases but there are some consumers still continue to drink coffee in their daily life although their income remain the same. Thus, they will consume the quantity of drinking coffee in everyday. For example, before the price of coffee increase consumer have to drink coffee everyday but when the price of coffee increase consumers will reduce consume at least 2 to 3cups per day. Conclusion Of Substitute Effect Coffee and tea is a type of beverage that people always drink in everyday. The tea will be substituted by coffee it is because the price of the coffee is increases. Thus, the consumer will change to drink tea or their drink another brand of coffee to maintain their income. The graph of relationship between substitute goods such as coffee, the price of coffee increase will influence the demanded for the tea will increase. Thus, the demanded quantity of tea increases, the price of tea is decreased. In conclusion, some consumer will change to drink tea when the price of coffee is increased and some consumer still will drink coffee although the price of coffee is increased. Thus, consumer will consume their quantity of drink coffee to maintain their income and living standard.

The Human Genome Project :: essays research papers fc

The Human Genome Project The human genome project is a worldwide research effort with the goal of analyzing the structure of human DNA and determining the location of the estimated 100,000 human genes. The DNA of a set of model organisms is studied to provide the information necessary for understanding the functioning of the human genome. The information gathered by the human genome project is expected to be the source book for biomedical science in the 2lst Century and is of great value to the field of medicine. The scientific products of the human genome project will include a resource of genomic maps and DNA sequence information that will provide detailed information about the structure, organization, and characteristics of human DNA, information that constitutes the basic set of inherited â€Å"instructions† for the development and functioning of a human being. There are many benefits that can be gained from the human genome project; however, the project brings about much controversy in areas of e mployment, insurance, and social issues. Is genetic engineering a leap into the future or a leap toward destruction?   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  The issues surrounding this project need to be scrutinized not only by the scientists working on the project, but also by lawmakers and the public in general. One of the major facts that people need to understand is the appearance of a gene does not predict the way a trait will be expressed physically. Looking into the future, lots of situations can arise from the availability of genetic testing. Some people may want to know if they are carriers of certain genes in order to make informed decisions about such personal matters as lifestyle, marriage, and childbearing. On the other hand, some may prefer to live their lives without knowing. Having such specific knowledge about our health, there is going to be many people who want to use the testing for the benefit of their companies and even society. A new understanding of parts of the human genome may result in discrimination based on a person’s genetic predisposition. Also, insurance companies may require people to submit to a genetic test before they could be covered. If the person applying is found to be unfit, it could go on his or her insurance â€Å"medical report†, such as a â€Å"credit report†, which would blacklist that person from ever getting coverage. Never mind the fact that genetic screening opens up the possibility of identifying a class of people that may become regarded as socially undesirable.

Gatsby Expository Paragraph

His love for Daisy took him far out of reality and turned him into a temporary zombie. The imagery of foul dust floating shows that Gatsby love for Daisy is a parasite in his mind and t hat the dust is pointless, like his love for Daisy. Daisy truly takes Gatsby away from his current t state of mind, when he thinks of her that's all he can focus on. Also, after Gatsby has given N kick and Daisy a tour of his house, he describes Gatsby)ads doubtful expression and how that eve en â€Å"Daisy tumbled short of his dreams† (95).This shows that Gatsby idea of Daisy maybe even more powerful than the reality of the situation. Having committed so much time to Daisy, any thing that â€Å"falls short† of his perfect outcome with her will let hurt him very emotionally in a b ad place. This shows how Gatsby visions of Daisy take him out of reality and make his dread ms unachievable. When Gatsby is thinking about Daisy, he is taken out of reality because his ex peculations of this ex traordinary life with her are not realistic.Right after Gatsby party when In k describes Gatsby as reminiscent and â€Å"talked a lot about the past† and that â€Å"he wanted t o recover something, some idea of himself perhaps, that had gone into loving Daisy/' (1 1 0). This goes back to how unachievable something in the past is, it was already over and cannot be changed. Also, Gatsby/s idealism is taking him away from reality and its implying that part of Gatsby past has been wasted on an unrealistic situation of Daisy and Gatsby being together, w hen Daisy already was with Tom.

Indigo Girls essays

Indigo Girls essays Im trying to tell you something about my life maybe give me insight between black and white and the best thing you've ever done for me is to help me take my life less seriously well darkness has a hunger that's insatiable and lightness has a call that's hard to hear I wrap my fear around me like a blanket I sailed my ship of safety till I sank it I went to the doctor, I went to the mountains I looked to the children, I drank from the fountains there's more than one answer to these questions and the less I seek my source for some definitive and I went to see the doctor of philosophy with a poster of rasputin and a beard down to his knee he never did marry or see a b-grade movie he graded my performance, he said he could see through me I spent four years prostrate to the higher mind I went to the doctor, I went to the mountains I looked to the children, I drank from the fountains there's more than one answer to these questions the less I seek my source for some definitive to seek solace in a bottle or possibly a friend and I woke up with a headache like my head against a board twice as cloudy as Id been the night before I went to the doctor, I went to the mountains I looked to the children, I drank from the fountains yeah we go to the doctor, we go to the mountains we look to the children, we drink from the fountains yeah we go to the bible, we go through the workout we read up on revival and we stand up for the lookout there's more than one answer to these questions ...

Healthcare essay

Healthcare essay Healthcare essay Healthcare essayIn the 21st century, there appeared a number of problems in the health systems around the world, solutions of which are in the plane of information technology. Huge arrays of various data, mainly in paper form, are hardly treatable and analyzed; paper work distracts doctors from performing their basic duties, and therefore reduces the effectiveness of medical care in general. Besides, the lack of information links between medical institutions required a patient to the start medical records in each clinic and diagnostic center, where he was treated. Paper medical records, in addition to everything else, don’t ensure data privacy. All these, as well as the demands of society to improve the quality of health services (especially acutely manifested in countries with prevalence of health insurance), led the most developed countries to the need to integrate modern IT technologies in the health care system (Jepsen,  2010).The most widely used so-called â€Å"electr onic health record† (EHR), are usually implemented on basis of cloud technologies. Electronic medical record (EMR) allows you to transfer all the data into a digital format, after which they are placed on a secure server. Replacing paper to electronic medical records allows the access to patient records by authorized medical personnel, both at a single institution (local access) and at the level of the entire countrys health system (global access). In the latter case, the patient doesn’t need to start medical records in every medical facility, as a cloud EMC is available at the place of requirement (Smyth,  2011).Improvement of information system allows replacing traditional physical registry to email. Judging by the latest data, clouds cope with assigned duties quite well. So, US hospitals, which use EHR, need less time and significantly reduce the time of patients’ stay in the emergency room. This was reported in the study of Associate Professor of the Univer sity of Arizona Michael Furukawa, who studied the impact of IT technology to work of ambulance.There are interesting results of a survey of 3,700 doctors from eight countries, conducted by Accenture. 70.9 % of respondents believe that information technology in medicine improve access to quality data needed to conduct clinical trials; 69.1% see the benefits of health IT in improving coordination of medical care; two-thirds of respondents noted reduction of the number of medical errors (Tompkins,  2013).A positive example of introduction of medical clouds was contagious. In the short term, experts predict that medical facilities will be more willing to turn to the cloud for storage of medical data, the volume of which is growing. There will be gradual acceleration of the transition from local information systems that include one or more medical facilities, to global regional systems of DIRAYA type, which today are not so spread. Just recently, the UK government announced its intent ion to create a global information system by 2015 that allows safe and prompt move and process of information on the countrys health. It is expected that the volume of investments in the health care system will increase. All this suggests that the health system will introduce new information technology, and information system will improve healthcare.

An analysis of the exploitation of innovation within an organisation Assignment

An analysis of the exploitation of innovation within an organisation through a commercially developed SOCIAL NETWORK service - Assignment Example 1-10; Kiron, Palmer, Phillips, & Kruschwitz, 2012, p. 51-60). There is higher acknowledgement of the interactions of people as they are the main platform upon which the business thrives. In particular, software and applications for social networking are easily gaining new use and are increasingly being exploited for commercial gains by both small as well as large enterprises (Baxter and Watson, 2012, p. 1-2). Although criticism has risen in the past that social media are strategically meant for the young generation hence would be partial if applied for business purposes, reality has worked to prove the contra of the argument. One such a company that has adopted the social structure for business and has done extremely well is the IBM Company ("How social networking increases collaboration at IBM", 2010, p. 32-35). This paper therefore intends to carry out an intensive analysis of IBM company exploitation of social network services for business gains. The report will have four main par ts, which are organizational learning approach, social media development, knowledge management features and the extent of subsequent innovation within the IBM Company. Traudt and Vancil (2011, p. 1-13) in investigating the IBM story concerning adoption and use of social software and applications for compared the rates and levels of deployment of the software within trading organizations and found out that the process was easily gaining momentum within many organizations. Organizations, which had already adopted the technologies, recorded realizing higher returns in productivity as well as realizing higher savings in time. However, it is to be noted that installation of social software serves as an enabler for transformation of a business into a social business unlike as otherwise would be thought as the actual social business. Commitment, time as well as effort in transforming a business into a social business

Export Management Task Article Example | Topics and Well Written Essays - 2000 words

Export Management Task - Article Example For all of you who are involved in the industry and to those of you who have had the occasion to become involved on a personal level, You will no doubt agree with me when I say that it is an industry which is predicated on logistics, scheduling, and documents. Moreover, all of the logistics must be arranged far in advance, the scheduling must all come together into one unit at a specific time, and at a specific place, and all of the documentation must be accomplished accurately, and on time, in accordance with previously stipulated agreements. Having said that, I will now present the various components and aspects which comprise the Export Management Task. Export sales contracts can be formal or informal, depending on the foreign buyer. One should be cautioned that any contract which is made quickly and informally when some of the conditions are assumed or left to be clarified later, is a dangerous, ill advised, and not a good practice standard. Of course, most of us are aware of off ers to sell which are presented over the phone, which covers the product to be sold, the quantity, the price per unit, outlining delivery, the terms, and the medium of payment, which is often accepted by the foreign buyer. Also, we are familiar with a call from the buyer, with an offer to buy. offer to buy. 2This type of contract may be preceded by a series of offers and counter offers before the final offer and acceptance. This type of contract remains informal if it is not confirmed in writing. This type of contractural practice is most common and acceptable between branches of the same company, or between long standing trade partners, or between very reputable companies who trade in commodities which are prone to rapid changes in prices. It is my caution to you, that unless one of the three above-mentioned conditions are characteristic of your transaction, then this informal mode, should not be your practice. The most assured way to a void any and all misunderstandings, is to get the buyer to agree to the use of what is commonly referred to as General Standard Conditions. "These are standardized contract terms that permit the parties to refer to a pre- established set of rules that can be incorporated into the contract"(SIT). If you elect to choose this standardized proforma, then you must by all means, become keenly familiar with the contents, because once the generalized Standard Conditions have been adopted, they are legally binding whether or not both parties are aware of and understand every provision"(SIT) According to the Secrets in International Trade, an offer to sell may also be made via telex, courier, air mail, cable, facsimile and today even via e-mail. The exporter confirms the terms and stipulations of the sale via a proforma invoice: the proforma invoice will detail the entire order, The type of shipment ( i.e., f.o.b. Plymouth) quantity, type of item, unit cost, and total cost. As an addendum one might also include certain terms such as the name and address of the preferred bank, and the preferred shipping3 date. Upon receipt of the proforma invoice, the buyer will confirm his acceptance by

Whatever Essay Example | Topics and Well Written Essays - 500 words

Whatever - Essay Example I am of the view that my ethical theory is a manifestation of who I am and what I want to do in this world with the changing times. I am sure that my ethical theory is a good one because it covers quite a many issues and practically encompasses the strengths and weaknesses that exist within my fore. There is a great amount of learning that is required within my ethical theory which is something good that is proactively happening. This ethical theory is indeed created by my own self as I am the sole owner and hence can change it as and when required. What I have found out with the passage of time is the fact that my ethical theory is dependent on how well I shape up value for my own self and the people who are around me from time to time (Anscombe, 1958). This ethical theory is the basis of providing me happiness whenever I am down and when I need to seek new things within my life domains. It makes me contented with what I have learned thus far and what I aim to explore with the passage of time. The normative ethics that surround my basis have given me an ideology of my own. It has made me realize where I have been wrong and what I can do once I set my eyes on something big. I am sure that with proper incorporation of efforts and endeavors on my part, I will be able to achieve the goals and objectives which are tied up with the ethical theory that I have devised for myself. As far as the future domains are concerned, I am glad that I have made the right decision as far as implementing it within my fore. It has put me in a better league than many others who exist in the society and who seek to learn new things on a regular basis. In the end, I will suggest that my ethical theory is complete from all angles and sides yet there is always room for improvements and enhancements which shall continue on a consistent basis. It has made me feel successful as far as dealing with other people is related, and put me head and shoulders above the

Therapeutic Benefits of Play Therapy Essay Example for Free

Therapeutic Benefits of Play Therapy Essay Therapy and the therapeutic benefits Play and the therapeutic benefits Play is one of the tools that children use to learn about the world and how to interact with their surroundings. It shapes their perception and world view. It is an important part of a child’s development and learning. Through play children learn the concept of safety and its limitations. Play should be a trial and error process where the child learns from their own mistakes. Finally play is important for the development of a child’s social and behavioral skills. Play Therapy (PT). refers to structured and theoretically based approaches to child therapy. It helps a therapist develop a trusting relationship with a child in the safety of the child’s environment. Playing is used as a means of learning of the difficulties that the child faces and used as a therapeutic method to help them cope with their situation. (Lambert et al. , 2005) Freud (1909) considered play a means by which children can bring their unconscious thoughts to their consciousness. It was also considered an instrument that helps build a positive and trusting relationship with the therapist. Over the years of research and clinical studies the various therapeutic outcomes of PT have been assessed. Therapists as able to use PT as a tool to re create stressful situations. This helps release the distressing emotions that a child experiences as a result of the stressful event. When the stressful event is re created in the child’s play environment they are able to develop their own coping strategies to alleviate the distress they experience and in some cases resolve the initial issues that were associated with the event. (p. 240) Knell (1993) developed Cognitive Behavioral PT. CBPT is a combination of therapeutic PT and cognitive behavioral strategies. It helps the child develop coping strategies and an adaptive way of thinking. (p. 64) PT can have applications in other areas including school and the home environment. Regardless of the environment in which PT is applied it is vital that the child develops a trusting relationship with their therapist. It is also equally important for the therapist to believe and understand that the child can work through their own issues and come with their own coping mechanisms. It is important that the therapist does not intervene in the process of free play. It is in this free play that the child comes to release their stressful emotions. (Landreth, 2002) PT is the treatment of choice for children in most cases because through the therapeutic strategies PT helps a child develop self confidence and redefined sense of self worth. Children are able to create adaptive behavioral strategies to cope with their stress and learn how to communicate effectively with individuals in their immediate and extended surroundings. Through free play and a reenactment of the stressful event in a safe environment the child is able to conquer their fear and acquire skills that can effectively combat their negative and faulty thought patterns. PT also helps children release emotions and express themselves through the creative process and problem solving. (Taft, 1933) Effective PT requires that the therapist creates an environment that is accepting and non – judgmental. The child should feel safe and secure to recognize and reflect upon their thoughts and feelings. The stability that the counselor provides the child in PT sessions will help the child learn of their own ability to solve problems. Above all it is important that the counselors let the children progress through the session at their own individual pace, without redirecting their actions or rephrasing their conversations. These characteristics lead to healthy therapeutic outcomes and an overall reduction in their anxiety provoking situation and other distressing emotions. Landreth, 2002) Through the trusting relationship developed with the therapist the child is able to trust other individuals in their life as well as have more confidence on their own decisions. The clarity that children achieve from PT regarding their emotions and feelings together with the other advantages make PT the treatment of choice for children.

Agriculture for Mars Colonization :: Environment Mars Planet Life Essays Papers

As the world population grows at an astonishing rate, our mother earth is getting very crowded. Our natural resources are being overused and the land available for life is getting smaller and smaller. Farmers have to find ways to make what land they have usable and profitable. Farmers in general are a shrinking population. How does this relate to the general public? Without farmers we would not have food, without food we will all die. The world is realizing this problem and the best way to solve it is to find more land for habitat. We can not tack on a few million acres to earth and start using that, so we have to find somewhere else to go. Mars, the beautiful red planet, is the most similar planet to earth. The terrain in general is very close to what we are used to on earth, minus the vegetation. Earth and Mars both contain polar ice caps. Mars also has water throughout the planet, but it is mostly subsoil. Water is a very important part of agriculture. The water on Mars is a little different than the water here on earth. If we tried using the polar ice caps, we would have to do many things to make it worth out time. The location of the ice caps is in an area with â€Å"permafrost.† This means that the water remains frozen unless we do something to melt it. The bad part is that we don’t know what the water is actually like. When we get the contained water free, we will then have to test it and see what is needed to make the water useful. The water underneath the soil is already free, but there are many unanswered questions about that water also. The water contained under the soil has had some various effects on the Mars terrain. When the robots were on mars collecting samples, they found some rocks that looked like rocks from prehistoric life here on earth. When analyzing these samples, the scientists deemed that the water was very acidic and salty. This is similar to some of the earlier times in the Australian area.

Measuring Reaction Rate Using Volume of Gas Produced

Chemistry 12 Formal Report Measuring Reaction Rate using Volume of Gas Produced By John Doe 23th October 2012 Introduction An essential element of chemistry is finding reaction rates. This is because chemists need to know how long a reaction should take. In addition to needing to know the rate of a reaction at any point in time to monitor how the reaction is proceeding. Many factors effect reaction rates, two shown above include temperature and concentration. Concentration affects the rate of reactions because the more concentrated a solution the more likely collisions between particles will be.This is simply because there are more particles present to collide with each other. When the temperature is higher, particles will have more energy. This means that more reactions will happen for two reasons, firstly more particles will come into contact with each other because they are moving around more and secondly because the reactions occur at higher speed making it more likely to succeed . A few other factors are the surface area and if a catalyst is present. The larger the surface area the more collisions will occur because there are more places for molecules to react with each other.A catalyst affects the rate of reaction not by increasing the number of collisions, but by making more of the collisions that do occur successful. Ordinary household bleach is an aqueous solution of sodium hypochlorite, NaClO, this contains little more than 5% NaClO by mass. Bleaching is caused by the ion. Under normal circumstances this ion breaks down slowly giving off oxygen gas and the chloride ion, . In order to speed up this reaction a catalyst is needed. In this experiment the catalyst used was cobalt (II) nitrate solution.When this is added to the bleach a black precipitate of cobalt (III) nitrate is formed which acts as a catalyst for the decomposition of The purpose of this experiment was to determine how concentration of reactants and temperature affect the rate of the react ion between bleach and 0. 01M cobalt (II) nitrate solution. In this experiment the volume of gas produced shows the rate of the reaction. Procedure Figure 1 Firstly, all safety protocols were ensured and applied (lab apron and safety goggles). The apparatus was set up with reference to figure 1 above.Then, the eudiometer was filled with water and inverted into the trough, which was half filled with water. It was held in a vertical position with the burette clamp attached to the stand. The rubber tubing was joined to the top of the glass tube, which goes through the stopper on the flask. The other end of the tubing was then placed into the neck of the eudiometer. 15mL of bleach solution was measured into the 25mL-graduated cylinder and poured into the Erlenmeyer flask. As followed, 5mL of 0. 10M of cobalt (II) nitrate solution was measured and poured into the 10mL-graduated cylinder.Once ready, the cobalt nitrate solution was poured into the flask containing the bleach solution, and the rubber stopper was immediately slotted in. It was then mixed and stirred as well as recorded (time). It was noted that a black precipitate of cobalt (III) oxide was forming, and from then on the flask was stirred gently and constantly. This was significant to dislodge bubbles of oxygen from the surface of the Co2O3 catalyst. Another thing that was important to note was that if the swirling was stopped or reduced, the rate decreases, so therefore the amount of swirling must be kept steady and uniform throughout the runs.The total volume of oxygen that had been collected was recorded every 30 seconds until a volume of 50mL was obtained. Also, the actual elapsed time of when the 50mL mark was reached was recorded. Once the first run was successful, the following needed to be repeated the same way: the same amount of solutions must be measured into the same containers, and the procedure of applying them needed to be the same too (time recorded, measurements, temperature, etc. ). The only thing that was different in the next run was that the reactants had to be at a temperature of 10? C above room temperature before mixed.This was accomplished by placing both the flask with bleach and the graduated cylinder with the cobalt (II) nitrate in a water bath for 10 minutes, and then adding the cobalt (II) nitrate to the flask, then back into the water bath. Hot water was used to increase the temperature, and cold water was used to adjust it. The next run was a similar idea to the previous one, but the reactants were brought down to a temperature 10? C below room temperature using ice. The steps to doing this are similar to the previous ones, but only this one required an addition of 20mL of water to the bleach solution before mixing.The reason being is so that the overall concentrations are half of their original vales. The run that followed after was also identical, but instead of adding 20mL, 60mL was added. Now the overall concentrations after mixing were one quart er of their original values. The experiment was practically over, but there always had to be cleaning and instructed disposal of chemicals. The product(s) was/were instructed to be disposed in the designated container only for the waste solution. Finally, all the parties that participated in the experiment were obliged to wash their hands thoroughly with soap and water before leaving the laboratory.Analysis and Results The rate of production of oxygen for each reaction was slightly different. The rate of reaction is determined by the equation; For the control where the reaction to place at room temperature and with bleach with a concentration of 0. 529M, the rate of production of oxygen was 36. 1 mL/minute. In next reaction which took place at a temperature 10? higher than that had a rate of 39. 5 mL/minute. Next was the reaction which took place at 10? below room temperature which resulted in a rate of 26. 8 mL/minute.In the reaction that 20 mL of distilled water was added to the b leach solution and the temperature was kept constant, the reaction rate dropped to 16. 2 mL/minute. Finally the slowest reaction occurred when 60 mL of distilled water was added to the bleach causing a rate of 10. 8 mL/minute. The rate value changes as the temperature is changed. When the temperature increases by 10? , the rate of the reaction increases by a factor of 0. 12 (12%). This is again changed when the temperature is changed to 10? below room temperature. This results in a rate of production of oxygen, which is decreased by a factor of 0. 5 (25%). When the concentrations were changed so did the rate of reaction. When the concentration was changed to 0. 265M the rate of reaction dropped by a factor of 0. 5 (50%) below the control value. Furthermore when 60mL of water was added to the bleach dropping the concentration too 0. 132M the rate dropped by a factor of 0. 7 (70%). Bleach should never be mixed with any acid based cleaners because it results in the formation of toxic C l- gas. If bleach is mixed with an acid based cleaner in a small room it will result in a toxic build up of chlorine gas, which can be fatal to anyone spending time in the room.The equations for these reactions are shown below; Bleach is formed by the action of chlorine gas on sodium hydroxide, NaOH: The equation below represents the reaction of bleach with an acid based cleaner, which gives off chlorine gas Because of this reaction all acid based cleaners have warnings not to be mixed with bleach because it can result in injury or death. If bleach with 10% sodium hypochlorite was used for this experiment instead of bleach with 5. 25% sodium hypochlorite.The shape of the rate curve for the graph would likely be twice as steep as the graph for the reaction involving bleach with a concentration of 5. 25% sodium hypochlorite. This is because the reaction will finish faster due a concentration that is higher by a factor of two. In this experiment there were possibilities for errors, the main one would be caused by measuring the volume of air at certain times. The reason for this being an error is that at 30 seconds more air will have been produced than is bing measure this is because some oxygen is in the Erlenmeyer flask but still rising to the point at which it is measured.Also some oxygen is held back because of a kink in the rubber tubing. To improve this experiment I would use a better way of measuring the volume of oxygen produced, either by measuring the air pressure in a container attached to the flask where the reaction was taking place or by using a large tube with a piston inside that would slide along the inside of it showing how much oxygen is evolved during the reaction. Conclusion From the experiment that was carried out it can be concluded that both temperature and concentration effect reaction rates.The lower the temperature the slower the reaction rate, therefore the higher the temperature the faster the reaction takes place. Likewise the lower t he concentration of a solution the slower the reaction and the higher the concentration the faster the reaction is completed. ——————————————– [ 1 ]. Measuring Reaction Rate Using Volume of Gas Produced. † Experiment 11C. N. p. : SMG Lab, n. d. N. pag. Rpt. in Experiment 11C. N. p. : n. p. , n. d. 154-58. Print. [ 2 ]. DiGiuseppe, et al. Reaction Rates. N. p. : Nelson, 2012. Print. Nelson Education.

Differences Between Austria and India

My chosen countries are India and Austria. In this paper I will try to find the similar and dissimilar things of these countries. These two countries are very different. Austria is located in Europe, when India’s location is Asia. First of all I would like to present Austria’s and India’s nature. Austria is terrestrial land. This country has no access to the sea but with India everything is in different way. India has access not to the sea, but to the ocean. These two countries have one similar thing – the mountains. In Austria the mountains are called Alps and in India – Himalays. The climate in Austria is continental, the same as in other countries of Europe. In this country there are four seasons in the year. India’s climate is tropical, and it has only three seasons per year. Austria’s landscape is full of hills, woods and rivers. India’s landscape contains of deserts, jungles and flatlands. So here we can see big differences between my chosen countries. Secondly I would like to present the culture of these countries. Austria is famous by compositors, writers and painters which are known in whole world. In this country there are many theaters, cinemas, shopping centers, museums, galleries and other cultural objects. People in Austria are very businesslike. Many of them most time in the week wears formal clothes. Most of the Austria's population is registered as Roman Catholic by religion. India is very religious country. Everything in India is based on religion. Indian people are very hospitable. Even if they don’t have anything to eat, their guests will never be left hungry. The respect for elders is a major fact in Indian culture. The traditional dress of India is called sari. This dress can be worn by all local festivals. India's diversity is visible in its languages, religions, dance, music, architecture and customs. By the culture India and Austria are very dissimilar, because their history and all traditions came from different ancestries. The third comparisons object is food. Austrian cooking is one of the most varied in Europe and includes German, Hungarian, Czech, and northern Italian dishes. A typical breakfast is coffee or milk with bread and butter or jam. Also they usually eat sausage served with mustard on a hard roll. Lunch is usually the main meal of the day and consists of soup and a main course of meat-sausage, chicken, beef, pork or fish. The best known traditional Austrian foods include Wiener Schnitzel and various elaborate cakes. Indian food is different from rest of the world not only in taste but also in cooking methods. Every single spice used in Indian dishes has purpose not for the taste but also in medicine range. All Indian food is dealt to four categories: East Indian, West Indian, South Indian and North Indian. Indians are always using rice, vegetables, garlic, milk and lots of spices in food preparation. It is not common for Indians to keep leftover food, if it is bought or made in one day it is consumed that same day. In Austria many people make food for at least two days, because they are to busy to make it everyday. Austria and India are very different; including climate, culture and food they have nothing in common.

GST Boon or Bane For Malaysian Economy Essays

GST Boon or Bane For Malaysian Economy Essays GST Boon or Bane For Malaysian Economy Essay GST Boon or Bane For Malaysian Economy Essay Boon or bane for the Malaysian economy? Tantrum Ursula Finance Feb 17, 2014, 9:00 AM Its been a whirlwind year of Malaysian price and tax increases. Right at the centre is the controversial Goods and Services Tax at a flat 6%, revealed in the 2014 Budget announcement by Prime Minister Dates Series Nasal Razor. We look at the facts of the SST and how it will impact the economy. PRO: A replacement tax, not an additional tax In all the arguing and debating about the SST, Its worth noting that the SST replaces resent consumption taxes namely the SST, or sales tax (10%) and the service tax (6%). In theory, a flat 6% SST means consumers will be charged less, since theyre not paying 10% + PRO: Better for businesses Economists prefer the SST over SST because It Is more transparent and more business friendly. With the government haling the ease of administering SST including simplified tax returns preparing for April 1, 201 5 will not be as difficult for local firms as economists earlier worried. CON: A year of price increases, new taxes, and subsidy cuts This year Malaysian have had to contend with petrol subsidy cuts, the abolishment f the sugar subsidy, public transport price increases, likely toll hike and the SST. The average Malaysian is hurting from all the increases, meaning come 2015 the SST will start on a bad foot, regardless of how its marketed to the public. : Ideally, the SST would have been announced this year and the rest of the price hikes would be staggered over the next five years. CON: Expect a Jump in inflation Other countries introducing a SST have had to deal with a sudden sharp jump in inflation. Theres no reason to indicate the same will not apply for Malaysia, which already has to deal with serious inflation. An estimated 2-3% higher inflation rate can be expected. Conclusion: Not in love with the tax, but can it be the cure Malaysia needs? Pituitary wants all of Malaysia to know that some sacrifices have to take place to take Malaysia out of its deficit. The average Malaysian wants a commensurate Increase in standard of living to match the rising cost of living. All in all, the SST Is a step forward, but its clear that its a forced step nobody wants a tax when everything else costs more, too. AMORAL URSULA is a Journalist who has worked In political news, international affairs, business, sports and lifestyle. The founding partner at boutique creative services agency OFFSET Salsa hopes Pituitary doesnt resort to negligible quick fixes to boost the economy, but rather holistic approaches that can be sustainable long-term. BY Impassibility Amateur Ursula Finance Feb 17, 2014, 9:00 AM announcement by Prime Minister Dates Series Ninja Razor. We look at the facts of the In all the arguing and debating about the SST, its worth noting that the SST replaces paying 10% + 6%. PRO: Better for businesses Economists prefer the SST over SST because it is more transparent and more business friendly. With the government hailing the ease of administering SST of the sugar subsidy, public transport price increases, likely toll hike and the SST. The average Malaysian is hurting from all the increases, meaning come 201 5 the SST will Other countries introducing a SST have had to deal with a sudden sharp Jump in increase in standard of living to match the rising cost of living. All in all, the SST is a everything else costs more, too. AMORAL RUSSIAN is a Journalist who has worked in partner at boutique creative services agency OFFSET Asia hopes Pituitary doesnt