Does Each Country Have A Unique Style Of Leadership Essay

Does Each Country Have A Unique Style Of Leadership - Essay Example The unique style of leadership is useful in transforming the potential into reality. It is the ultimate action which brings into success all the current potentials that an organization and the allied people have into reality. Leadership is about changing the mindset of the people to accomplish the desired goals and to move the organization or the country forward. Nevertheless, it is important to explore the fact that there is no one best way of leadership. The need of every area is different and the style of leadership depends on various factors. An organization might be effective by following a democratic style of leadership and the other by the transformational approach. This is because the demographics of every country and organization are different with dissimilar objectives. Hence, the similar form of leadership might not be effective and lead to the failure of the organization. Furthermore, leadership is based on strong effective pillars which include commitment, character alon g with increasing the level of consciousness. Leadership is unique and effective only when it brings about desired results for the enrichment of the people. Leadership is about building interpersonal skills, competencies, along with influencing and building teams for the accomplishment of the desired level of standards. The uniqueness of leadership is of significance for the effective performance of an organization. The evaluation of the unique traits of the leaders can enable to reach a justified conclusion regarding whether each of these countries demonstrates a unique style of leadership.

Science Department Essay Example for Free

Science Department Essay Every student has unique study techniques and strategies that fit him or her. Studying at night might be suitable for one student but not for all. Theories are major components in education. Many years have pass and I’m still open for another approach in learning for the betterment of my education. Spoon feeding might be good in some areas or field but not in some. During theoretical approaches I learned a lot but my knowledge was more enhanced when they were put into application. During laboratory activities a particular topic is more expounded and it even inspires me to pursue my education due to the fact that it injected me not only the importance of it but also the fun in doing it. Another thing is the laboratory report. New ideas were learned to ensure that the report is accurate and it also helped me think critically. The subject helped me discover the skills that I have to develop. One of those is the skill in conducting a study. I need to know more about the topic first and even search for the previous work which is related to it. I know everything should be developed and that’s one of the skills that I want to be expounded. Evolution explains the history and diversity of life. The evidences are used to formulate such theory: fossil records and comparative anatomy, embryology and biochemistry. These are used by the researchers to trace the human origin or the origin of life. It is supported by the vestigial structures and biogeography. The theory was developed by Charles Darwin. In his theory he said that man came from apes. Many factors causes particular specie to evolve, one is the environment. Due to it, specie will adopt and thus genetic build up change in a span of time. What interests me with this area of biology is the question: does man came from apes? Although there are many evidences but might be a missing link. Most likely, this can be answered if I learn the theory had its evidences. Metabolic processes have a wide area or field of study. Metabolism is defined as a chemical reaction by which molecules are broken down to produce energy. This energy also uses to build up complex molecules. A simple example of this process is the taking in and digestion of foods to nutrients. There are two types of this process; catabolism and anabolism. Catabolism is a process used to release energy and anabolism is a process used to build up tissues by the use of energy. These processes are very essential to life. Through this are of biology I could learn some knowledge to develop a study that could help attain a perfect metabolism. I want to learn more about how cells and nutrients react and how the chemical reactions occur and help these processes. Genetics is an interesting field of biology. Molecular genetics is a study of the structure and function of genes in a molecular level. This field is the one responsible for mutation and the regeneration of some specie. This study uses the molecular information to determine the patterns of descent or origin. A plant is composed of highly structured components that it can even be compare to human beings. It has also cells that made it a living structure. When it comes to plant, I’m really amazed how a seed can survive a long period of time without water or anything for his survival and even some are dried but when planted, there he goes; a new creation appears that gives beauty and life. This are is so interesting. Even plants finds a way to get light from the sun that’s why there are many trunks are bended due to this characteristic. Homeostasis often described as the resistance of a body to change. Our body has a mechanism that can control the internal equilibrium of the body. When the temperature of our body rises, our body releases a liquid that will serve as a radiator in the form of sweat. This is used to attain the body normal temperature which does not exceed thirty seven degree Celsius. When our anti-bodies can no longer fight the bacteria, our body temperature rises up. Everything in homeostasis is involuntary. We cannot control it, only the environment, also, when our body is in cold, our body shivers. In this manner the muscles in our body will generate friction due to the collision of molecules and will release energy in the form of heat. What I like most in this area is the ability of our body to do as such. I want to learn more about this topic for me to be aware what really will happen to my body in a particular environment or I could even predict how my body will react. Population dynamics is the study marginal and long term changes in quantity or number of a specie. This can be age composition of an individual, weights or several populations. This is commonly used in animal management. This study can determine how long a particular animal be harvest. This can also determine how long and how many will be harvested in a particular time. This also includes the mortality rate and the birth rate of particular specie. This is very useful in animal raising. I want to learn how to compute or determine how fast and how much particular specie will survive in a given environment. This can be useful in conducting studies about biosphere or the artificial environment. Everything in this subject is very essential and interesting that’s why I choose to take this class. I believe that everything I need to learn, the basic or even the sophisticated one, will be learned in this class. Another reason also is because I have tried previous classes and found its worth, I take this. The strategies and evaluations are good. The laboratory activities, reports, and the like makes me feel the significance of this class. To further deepen my knowledge I need to learn through this. Grades or marks do not really matter. They are only the basis and ensure that I know something. What’s important is the knowledge that I can acquire in taking this class but of course it will be good if I’ll get a high marks. This class will only be called a success to me when everything written on the syllabus will be inculcated in my mind and be used in application. Everything is uncertain, of course. I do not know what exactly will happened but I know it will be for my good. What I need to do is to study hard and listen to every discussions. If ever I missed something or I want something that could add my knowledge I will not hesitate to ask. It will be better if I’ll be a fool for a singlke time than be a fool for the rest of my life. What I’m trying to say is that the shame will not matter even if I’ll be the last person to know the information I’ll still ask, remember knowledge is power. I guess I have nothing to suggest because I thing everything goes well and good as what I’ve known. I guess the research work will we enhanced to further improve and broaden the knowledge of the students. As what I’ve stated, research really helped the students to be more resourceful and to think critically. Work cited: Fletcher’s Meadow Science Department (2007). Retrieved January 28,2007 from http//:fmssscience. com Molecular Genetics (2007). Wikipedia Foundation, Retrieved January 28, 2007 from http//:en. wikipedia. org/wiki/molecular_genetics

The Second World War (WWII) - Identities Honored :: World War 2 II Two

JOE FOSS PAGE Joe Foss was born in 1915 to a Norwegian-Scots family in South Dakota. He learned hunting and marksmanship at a young age. Joe Foss was inspired by Charles Lindbergh, especially after he saw Lindy at an airport near Sioux Falls. Five years later he watched a Marine squadron put on a dazzling exhibition, led by Capt. Clayton Jerome, future wartime Director of Marine Corps Aviation. In 1934, Joe began his college education in Sioux Falls, but he had to drop out to help his mother run the family farm. However he scraped up $65 for private flying lessons. Five years later he entered the University of South Dakota again and supported himself by waiting on tables. In his senior year he also completed a civilian pilot training program before he graduated with a Business degree in 1940. When he graduated he enlisted in the Marine Corps reserves as an aviation cadet. Seven months later, he earned his Marine wings at Pensacola and was commissioned a second lieutenant. For the next nine months he was a "plowback" flight instructor. He was at Pensacola when he was notified about Pearl Harbor, and since he was Officer of the Day, he was placed in charge of base security. Thus he prepared to defend Pensacola from Jap invaders, riding around the perimeter on a bicycle. He was then ordered to the aerial photographers school and assigned to a VMO-1, a photo reconnaissance squadron. But he insisted he wanted fighter pilot duty, even after being told he was to old at the age of 27. After lengthy lobbying with Aircraft Carrier Training Group, he learned all about the new F4F Wildcat, logging over 150 flight hours in June and July. When he finished training, he became executive officer of VMF-121. Three weeks later, he was on his way to the South Pacific, where Americans were fighting t change the momentum of the war. Arriving in the South Pacific, VMF-121 was loaded aboard the escort carrier Copahee. Joe Foss fits well into this book because he is an example of an ambiti ous leader and at this time of need thats what was very important. Joe Foss was one of the success stories of his age. He represented his generation well and is commended with a story in this book. GEORGE SHULTZ George Shultz was a man who accomplished many things in his life. He graduated from Princeton University in 1942 and recieved a B.

Alternative Dispute Resolution Essay -- ADR Business Management Negoti

Alternative Dispute Resolution Consider carefully the facts of the case study and advise Eagle Aviation Ltd. and Aircraft Ltd. of the alternatives to litigation in the ordinary courts and the advantages and disadvantages of each alternative form of ADR. This submission will identify and define each form of Alternative Dispute Resolution (ADR) including each of the forms advantages and disadvantages. It will also compare and contrast each form of ADR and consider which form or forms would be beneficial to both Eagle Aviation Ltd and Aircraft Ltd Alternative Dispute Resolution or ADR can be defined as â€Å"any method of resolving a legal problem without resorting to the legal process† (Darbyshire, 2001). ADR is now becoming more and more favorable particularly within the court system as an alternative to traditional forms of litigation (Practice Statement [1994] 1 ALL ER 34, Cresswell, J) (Practice Note [1996] 3 ALL ER 383 this is as litigation is a process that can be costly, time consuming and complicated, therefore ADR is an alternative which can be useful to all parties involved. The leading forms of ADR are; Arbitration, mediation, conciliation and negotiation. ADR is not legally binding with the exception of Arbitration, however in Mediation when a solution has been reached and agreed by each party once it has been written and signed by the parties involved it does then become a legally binding document. ADR will only be successful if both parties involved are in agreement with the outcome this of course can become increasingly difficult if the parties refuse to speak to each other, In these cases litigation may be the only viable solution, however ADR is ideal where it is important that each party maintains an unblemished relationship with the other party involved this is especially important within the business community. Arbitration is one of the oldest forms of Alternative Dispute Resolution (ADR) it is governed by the 1996 Arbitration Act (AA) and is part of the Advisory, Conciliation and Arbitration Service (ACAS). The Act states in Section One that the object of Arbitration is â€Å"to obtain the fair resolution of disputes by an impartial tribunal without necessary delay or expense† (Slapper and Kelly, 2003) Arbitration can only transpire if both parties involved agree to it, it is the only form of ADR t... ...ional decision without the situation getting out of hand. Each party will in turn be able to state what they feel is the nature of the dispute before negotiating a suitable outcome. Negotiation is slightly different to Conciliation and Mediation as the person negotiating acts on ‘your’ behalf and represents and looks after ‘your’ interests, a successful negotiator will be able to reach a conclusion where they are able to achieve most of their parties wishes but without causing the other party to feel they have lost and therefore detach themselves from the rest of the negotiation process and then choose to pursue a litigation option. Conciliation can be seen as a form of Mediation in fact some people say that the only difference between them is that Conciliators have more power than Mediators as they can â€Å"suggest grounds for compromise and the possible basis for a conclusive agreement† (Slapper and Kelly, 2001). Conciliation like Arbitration is part of ACAS and like Mediation tries to allow parties to decide an outcome between them that suits them both, however it does not always guarantee that a dispute will be settled and will not proceed to litigation anyway.

Access to Medicines in Developing Countries Essay

One of the appalling statistics that came out of a survey in 2000 was the percentage of the HIV/AIDS infections in Africa. It was reported that nearly 80% of the total number of affected people was from this continent. Now if this report sounds dreadful, one might get a bigger shock by looking at the picture of modern healthcare methodologies in Africa. Despite being a developing nation, Africa gets scarcely one percent of modern drugs. The value of all medical drugs transported to Africa amounts to the expenses spent on advertising by the leading pharmaceutical companies in the United States of America. Under the light of this reality, this paper is going to discuss the genuine scenario in developing countries that don’t have an affordable access to life-saving medicines. It might be noted that access to medicines is a fundamental human right, and there is a yawning gap between crisis and cure in a capitalistic social setup. Due to increased political pressure, many drug manufacturing companies have been forced to review their business strategies and produce medicines that are relatively less expensive. Moreover, it is also mandatory to formulate a well-organized delivery system that would ensure a proper and timely delivery of the medicinal goods to Africa and other Third World countries. Modern healthcare remedies are needed to be deployed in order to combat the menace of HIV and other diseases in the underprivileged tropics. (â€Å"Access to Medicine in Developing Countries†, 2000) Access to medicine in developing countries has always been a matter of great disputation, mainly because of the convoluted interaction between macroeconomic development, patterns of diseases and healthcare requirements and provisions. It has been an inescapable paradox for many countries where the national economic status can only be attained by improved health status. Hence, lack of supply of life-saving drugs hinders the scope and opportunity of national healthcare. (â€Å"Improving Access to Medicines in Developing Countries†, 2005) The impoverished countries find it a mammoth task to meet both ends successfully. It has been proposed that only a large scale international funding can inject some fruitful results in the context of healthcare and economic boost. The World Health Organization (WHO) and the World Trade Organization (WTO) are working together to provide the best possible framework for improved health status as well as the macroeconomic development of developing nations. WTO is primarily concerned with the organized growth of a capitalist, free market global economy. On the other hand, WHO is focused on improving health conditions by providing healthcare models that can be applied to both developed as well as developing nations. Institutional and public sector frameworks play a crucial role in realizing the objectives of WHO to the best possible extent. The newly incepted Global Health Fund is working relentlessly to provide remedies for HIV/AIDS, TB and Malaria. The Trade-Related Aspects of Intellectual Property Rights (TRIPS agreement) are held, in some cases, as obstacles for access to essential medicines in developing countries. Ever since WTO finalized the TRIPS agreement in April 1994, this issue has been a matter of great debate. The main problems in accessing medicines, as viewed by experts, are the increasing expenses, which can shoot up to 66% of total expenditure in developing nations. Today’s scenario as far as having access to essential medicines is concerned is an alarming one, with more than one-third of the world’s population are deprived of indispensable drugs. According to the WHO, developing countries, especially those in Asia and Africa, must be provided with an all-encompassing solution in terms of health priority problems, and they must be able to gain access to life-saving medicines at an affordable deal. To make matters worse, the poorer section of societies in developing countries find themselves all at sea due to their inability to physically access life-saving drugs. So both availability and affordability are the key areas of concern. Now under these circumstances, the introduction of strong and worldwide product patents for drugs, as implemented through the TRIPS agreement, may cause drastic increase in prices for essential medicines. The ‘legal monopoly’ that comes with such rigid patent system prevents anybody from producing, selling or distributing medicines in an unauthorized manner. Even if there is no patent laws, access to medicines is going to be a problem for the developing countries, due to adequate purchasing capabilities and required infrastructure. Majority of the medicines for HIV/AIDS are still under ‘live’ patent coverage. It doesn’t make for affordable access to such medicines either. And since more than 95% of HIV/AIDS affected people are from developing countries, and 50% of them belong to the productive age group of below 25 years, serious socio-economic consequences are perceived with very little signs of relief. Before TRIPS were put to effect, most developing countries and some developed countries did not impose patent laws on medicines even if they were manufactured with innovative technological aids. But today, most of these nations being WTO members have to enforce the patent laws laid down by TRIPS. This has led to hike in prices of patented medicines. It is worth noticing that even under the TRIPS guidelines, patents are to be given only on applications received from 1995 onwards for new therapeutic inventions. So any medicine manufactured before 1995 should not be unaffordable for the developing nations. Manufacturers of the newer and more innovative pharmaceutical products file for patents only in countries where business of piracy runs rampant. Parallel import of drugs is another important issue that came into consideration after the TRIPS agreement. The Intellectual Property Rights owners of specific brands of medicines face problems when goods, legally distributed in the market of one country, are imported to another without the necessary legal authorization. Now, as long as there is no discrepancy in Intellectual Property Rights in two different countries, article 6 of TRIPS defends parallel import. But considering the economic side of such imports, it might be noted that price of the same medicine in one country may rise or fall to a great extent in another. So developing countries, without violating the Intellectual Property Rights protection, may find a way out to access essential but expensive drugs from its neighboring countries. (Watal, J. 2000) In addition to what is discussed above, one must bear in mind the supply side process concerning manufacture and distribution of medicines. The specific issue related to accessibility to medicines is directly linked with the development and implementation of more efficient and cost-effective measures in manufacturing and distributing drugs. A number of speculative theories and ideologies have been put forward to address the issue of maximizing the available resources to achieve a standardized health status around the globe. However, the aim of this paper is not to get into a particular ideological standpoint, or to promote distinct solutions, but to gain a deeper insight into the real constraints of manufacturing and distributive activities. One has to take into account the diverse theoretical concepts, the macroeconomic environment of international economics and technological nuances of the pharmaceutical sectors. Once we identify the constraints, it will be easier to suggest feasible solutions in terms of easy and regular access to medicines for the developing countries. The policies adopted by pharmaceutical companies are worth taking a look at.

Airline Analysis

Airline Analysis Statement of Problem: SlugAir, a small regional airline, aspires to become a much larger airline. They pride themselves on being an efficient, single-class, on-time and reliable airline. This airline appeals to those who want reliable, get me where I wanna go service whether the passengers be the everyday traveler or a cost-conscious business traveler. Currently, SlugAir serves small locations throughout California and the Western US. SlugAir serves these locations by feeding hubs for the national carriers and servicing routes that avoid the major hubs. This strategy has allowed SlugAir to become a very profitable small no frills airline. Most airlines are organized in what is called hubs and spokes. The hubs are two major cities that all of the airline's flights fly out of to smaller cities called the spokes. In between the hubs is what is considered the airlines main route as the flights in between the hubs are the companies most profitable.United AirlinesFlights to the spokes make the airline extra money and people on these flights usually have a lay over at the hub and then go onto the smaller city or may even switch planes to get to their final destination. Thus, the airline feeds its own route by flying to their hubs ( main money making cities) on the way to also getting those that want to get to smaller cities to their destinations. In order for SlugAir to become bigger and more profitable it must open a route between two major cities in the west. For efficiency, these cities need to be ones that it currently services in order to allow them to feed their own route. The competitors that we are considering are 1) United 2) Alaska 3) Delta and 4) Southwest. In order to find the best possible route to open we will...

invention of the computer chip essays

invention of the computer chip essays To start off a little history on the computer, the computer was first invented in 1942. In 1946 ENIAC used the first general-purpose electronic digital computer. It weighed nearly 30 tons and filled a huge room. The computer cost $500,000. It could carry out operations but had no memory so it had to be re-programmed each time it was used. Instead of transistors that are used in computers now they had vacuum tubes that had to be replaced repeatedly. The computer has in some way affected lives of everybody in some way. Some people may say what about the Amish or what about the tribes in Africa and the Amazon. Well satellites to decide what needs to be built or destroyed to mine minerals or many other things are tracking those people. For the Amish people they use roads that were built by using satellites to decide where the roads needed to be built. And for the rest of the people in the world they all some way or another use a computer. Whether it is to get on the Internet, write a paper, play a game or even to just look at the screen there is a computer chip in it. When you watch TV, use a microwave, drive a car, and use a cash register or pretty much anything there is a computer some how involved. The computer has found its way into everyones life whether they realize it or not. ...

Godfrey of Bouillon, First Crusader

Godfrey of Bouillon, First Crusader Godfrey of Bouillon was also known as Godefroi de Bouillon, and he was best known for leading an army in the First Crusade, and becoming the first European ruler in the Holy Land. Godfrey of Bouillon was born in about 1060 C.E. to Count Eustace II of Boulogne and his wife Ida, who was the daughter of Duke Godfrey II of Lower Lorraine. His elder brother, Eustace III, inherited Boulogne and the familys estate in England. In 1076 his maternal uncle named Godfrey heir to the duchy of Lower Lorraine, the county of Verdun, the Marquisate of Antwerp and the territories of Stenay and Bouillon. But Emperor Henry IV delayed confirming the grant of Lower Lorraine, and Godfrey only won the duchy back in 1089, as a reward for fighting for Henry. Godfrey the Crusader In 1096, Godfrey joined the First Crusade with Eustace and his younger brother, Baldwin. His motivations are unclear; he had never shown any notable devotion to the Church, and in the investiture controversy he had supported the German ruler against the pope. The terms of the mortgage agreements he drew up in preparation for going to the Holy Land suggest that Godfrey had no intention of staying there. But he raised considerable funds and a formidable army, and he would become one of the most important leaders of the First Crusade. Upon his arrival at Constantinople, Godfrey immediately clashed with Alexius Comnenus over the oath the emperor wanted the crusaders to take, which included the provision that any recovered lands that had once been part of the empire be restored to the emperor. Though Godfrey clearly had not planned to settle in the Holy Land, he balked at this. Tensions grew so strained that they came to violence; but ultimately Godfrey took the oath, though he harbored serious reservations and not a little resentment. That resentment probably grew stronger when Alexius surprised the Crusaders by taking possession of Nicea after they had besieged it, robbing them of the opportunity to plunder the city for spoil. In their progress through the Holy Land, some of the Crusaders took a detour to find allies and supplies, and they ended up establishing a settlement in Edessa. Godfrey acquired Tilbesar, a prosperous region that would make it possible for him to supply his troops more readily and help him increase his number of followers. Tilbesar, like the other areas acquired by the Crusaders at this time, had once been Byzantine; but neither Godfrey nor any of his associates offered to turn any of these lands over to the emperor. Ruler of Jerusalem After the Crusaders captured Jerusalem when fellow crusade leader Raymond of Toulouse refused to become king of the city, Godfrey agreed to rule; but he wouldnt take the title of king. He was instead called Advocatus Sancti Sepulchri (Protector of the Holy Sepulchre). Shortly thereafter, Godfrey and his fellow crusaders beat back a force of encroaching Egyptians. With Jerusalem thus secured - at least for the time being - most of the crusaders decided to return home. Godfrey now lacked support and guidance in governing the city, and the arrival of papal legate Daimbert, archbishop of Pisa, complicated matters. Daimbert, who shortly became the patriarch of Jerusalem, believed the city and, indeed, the entire Holy Land should be governed by the church. Against his better judgment, but without any alternative, Godfrey became Daimberts vassal. This would make Jerusalem the subject of an ongoing power struggle for years to come. However, Godfrey would play no further part in this matter; he died unexpectedly on July 18, 1100. After his death, Godfrey became the subject of legends and songs, thanks in large part to his height, his fair hair and his good looks. Sources: Brà ©hier at the Cathoic Encycopedia. Godfrey of BouillonBrundage, James at Paul Halsalls Medieval Sourcebook. William of Tyre: Godfrey Of Bouillon Becomes Defender Of The Holy Sepulcher.

Primary Prevention Research Paper Example | Topics and Well Written Essays - 1750 words

Primary Prevention - Research Paper Example luenza and Swine Flu, the treatment for which is both complicated and costly, has strongly supported the notion of primary prevention (Molen and Siebrig, 2009). Apart from the healthcare industry, the governments are playing a potential role in implementing policies that ensure prevention at primary level. Governments and several health organizations all around the world have endeavored in their capacities to initiate programs aimed at averting diseases and epidemics. A famous quote that is almost a clichà © â€Å"Prevention is better than cure† still holds its significance in the era of science and technology when we have discovered cures for such diseases that previously were untreatable. Different aspects of prevention at primary level need attention, which include the methods, means and effectiveness of this type of prevention. Although governments are responsible for formulating policies and guaranteeing their implementation, the role of healthcare sector is still pivotal in executing the strategies. Strong emphasis by health organizations around the world is regarding the responsibility of an individual taking care of his own health (Molen and Siebrig, 2009). This is a one the most fundamental principles of primary prevention. It includes avoiding health risks and abstinence from smoking, alcohol and unsafe sex. Besides this, the healthcare providers themselves must be responsible for their own health and wellbeing. General preventive practices include precautionary measures taken by an individual in daily life to avoid accidents or any ill effects of a procedure that may endanger human health for example, wearing seatbelts or helmets for automobiles, avoiding exposure to harmful or poisonous chemicals, taking regular exercise, etc. Primary prevention for disease comprises measures that focus on the preclusion of disease for example, immunization, complete and timely medical checkups of individuals that are susceptible to a particular disease and to employ

Strategic Management In The Automoblile Industry Essay

Strategic Management In The Automoblile Industry - Essay Example In fact, Thailand and Malaysia have the credit of having the largest automobile sector which is also highly sophisticated. Both these countries competed in different ways in order to win the race of competition. They used individual set of strategies for the import substitution which is a part of the industrial development and also differed in their multinational strategies to a great extent. The automobile industry is considered to be one which conquers the entire industry. It has got a lot of components that contribute in the development of the nation along with technological advancements. A specific set of sequence needs to be followed in order to create a national level auto industry, especially in developing nations. This sequence is actually prescribed by the national auto industrial development. The first step of the formation of a national automobile industry would be to import completely built-up (CBU) vehicles by the distributors who are available locally. Then comes the assembling of semi/completely knock-down (CKD) vehicles by subsidiaries and licensed companies. The third step would be the assembling of CKD vehicles and the last and the final step of the sequence would be the full-scale manufacturing of the automobiles. The manufacturing would initially be limited to the domestic market and would be later spread by way of exports to other markets. PESTLE anal Task 1 PESTLE analysis: PESTLE analysis is a useful tool for understanding the "big picture" of the environment, in which you are operating, and the opportunities and threats that lie within it. By understanding the environment in which you operate (external to your company or department), you can take advantage of the opportunities and minimize the threats. (RAPIDBI) Political Environment: Political forces influence the legislations and government rules and regulations under which the firm operates. Economic Environment: Economic factors clearly indicate the nature and direction of the economy in which a firm operates. Progress is the key value and driver of Ford Motors. Social Environment: The social environment is an important factor as changes in the values, beliefs, attitudes, opinions and lifestyles in society create potential opportunities for an organization. The values of ford Motors is to always design an approach which helps in improving the quality of customers' lives and also to create an eco-friendly approach towards work. Technological Environment: Technological environment means the trends and developments in the technological field that might: improve production, create new product opportunities, and render the existing ones (Google). Technologically, Foed motors has always been leading the race in the automotive industry. Legal Environment: Legal factors also have to be considered by any firms before stepping into another country. Porter's five forces model - Description: The effective formulation of a strategy needs a clear understanding of competition. Competition in an industry is determined not only by existing competitors but also by other market forces such as customers, suppliers, potential entrants, and the existence of substitute products. . Michael E. Porter of the Harvard Business School has developed a framework known as the 'Five forces Model' to help analyze the business environment. Threat of New Entrants - The threat of new entrants rises as the barrier to entry is reduced in a

MBA Marketing - Report 1 Essay Example | Topics and Well Written Essays - 3000 words

MBA Marketing - Report 1 - Essay Example Littler corner market food makers have great motivation to be hopeful in todays commercial center. Expanded interest for distinguishing offering food products and buyers readiness to visit diverse retailers to get them—is making new promoting chances for food makers and processors that can offer imaginative stock intended to help and inclination of specific customer portion (Dudbridge, 2011). According to Lewis, (2009) Solidification in the food business has significantly gathered purchasing force under the control of simply a couple of expansive food buyers. At each phase of the worth chain, a little handful of vast firms are the predominant players. Four organizations (Tyson, Cargill, Quick, and National Meat Pressing) control 84% of the meatpacking business sector (Hester and Harrison, 2001). In flour processing, three organizations (Cargill/chs, ADM, and Conagra) control 55% of the business sector. At the retail end, Wal-Bazaar has one quarter of the $550 billion U.K. foodstuff market. The five top retail basic supply chains control more than a large portion of (52%) of the business sector and regularly utilize that power to take a bigger offer of the overall revenue far from farmers and other downstream suppliers of food. The aftereffect of the corporate combining has been a 49% expansion in the retailers offer of the shopper dollar and a 29% abatement in the farmer s offer since 1990. Social issue: A year in the wake of being on the cusp of passing historic point enactment to top nursery gasses, greens are coming to acknowledge the way that the shot of national and global movement on environmental change has ended up more remote than at any other time. The Ecological Insurance Office (EPA) is under ambush by recently enabled Republicans in Congress who contend that the general thought of natural security is unreasonably expensive for their obligation ridden nation. Usual to remaining idealistic even with

Viewing the Globe in 2006 and 2056 Part 3 Essay Example | Topics and Well Written Essays - 500 words

Viewing the Globe in 2006 and 2056 Part 3 - Essay Example We live in a three-bedroom apartment in the suburbs of Nairobi. The building we live in is home to ten other families mostly from other parts of Africa and a few from various Asian ethnicities. My kids go to a nearby public school that offers a wide variety of courses and English as a medium of instruction. My day starts at six am in the morning when I get up to make breakfast and send my kids to school. Then, my husband and I get ready for work and go to our offices. I fetch my kids from school and drop them to a childcare facility located nearby my place in the break time and go back to work. When my day ends, I pick them from the centre on my way back home. However sometimes, my kids have to stay for a little longer since transport and urban mobility has been a growing concern of the city. The over-crowding has also led to health issues concerning water sanitation and hygiene. For instance, in the last week Parent-Teacher meeting at Josh and Eesa’s school. I found many pare nts complaining about their children turning sick. Also, they city is ever expanding and I have been hearing a lot of debate about the diminishing energy and water supply. Recently, my husband and I are encountering various apprehensions about our children.

My thoghts about Was Democracy Just a Moment article Essay

My thoghts about Was Democracy Just a Moment article - Essay Example His arguments go back and forth into time with the objective of providing a resourceful historical analysis of the manifestation of democracy throughout the evolution of government. The inaugural speech by President George W. Bush espouses some of the ideals some of the American ideals that attend to the question of democracy and America’s approaches in spreading the ideology beyond its borders. Basically, the remarks made by President Bush might be considered as representative of the dominant American thought on the question of democracy within and without its borders. The speech is informed by multiple nuances and subtle warnings that give meaning to past, present and future American approaches, methods and intention on the subject of democracy. There are mild threats and incentives throughout the speech, which are meant to highlight America’s intended objective of impressing democratic values in all areas it can spread its influence. One of the weighty assertions mad e by Kaplan in his essay is that the collapse of communism would not necessarily lead to the thriving of Western democracy (Kaplan 1). This assertion is consistent with most of the central themes that are explored in the entire article. In this article, Kaplan provides several examples to build his argument against the place, relevance, and suitability of democracy in the modern world. His central argument is that unexamined application of democratic processes might lead to the same, or even more, disastrous ends than authoritarian regimes. On the other hand, the speech by former President Bush makes the point that the survival of liberty in the United States depends on the success of liberty in other lands (Bush 1). This assertion may appear straight and plain but it condenses America’s foreign policy and its approach and application on the question of democracy. It is important to consider some of the challenges of democracy in light of the assertions made by the two partie s. There seems to be an obvious point of demarcation in the positions adopted by Kaplan and Bush. The tone in Kaplan’s article is essentially critical of the ideals of democracy. Much of the argument is informed by examples and illustrations of the failings of democracy. Kaplan argues how once stable political institutions were wrecked after the imposition of democratic processes. He cites cases in Latin America where seemingly dictatorial or authoritarian regimes appear to be more stable than those that uphold the principles and practices of democracy. An important statement that lies between the lines of Kaplan’s argument is that most of the democratic processes are essentially governed by the other cultural and historical factors. For this reason, Kaplan argues that it would not be very prudent to impose democratic systems of government to countries whose histories and cultures do not resemble those of the west. Kaplan observes that the kind of challenges and histor ical processes that have taken place in the west are conducive for the thriving of democratic processes. Kaplan’s assertion could be examined in light of the difficulties experienced in imposing democratic processes on institutions that are essentially divided along ethnic lines. This assertion fits into the concern of applying democratic processes to sharply divided societies. The consequence as illustrated by various examples in Kaplan’s argument would be the entrenching of divisions and creating of conflicts. The massacres in Sudan and

Viewing the Globe in 2006 and 2056 Part 3 Essay Example | Topics and Well Written Essays - 500 words

Viewing the Globe in 2006 and 2056 Part 3 - Essay Example We live in a three-bedroom apartment in the suburbs of Nairobi. The building we live in is home to ten other families mostly from other parts of Africa and a few from various Asian ethnicities. My kids go to a nearby public school that offers a wide variety of courses and English as a medium of instruction. My day starts at six am in the morning when I get up to make breakfast and send my kids to school. Then, my husband and I get ready for work and go to our offices. I fetch my kids from school and drop them to a childcare facility located nearby my place in the break time and go back to work. When my day ends, I pick them from the centre on my way back home. However sometimes, my kids have to stay for a little longer since transport and urban mobility has been a growing concern of the city. The over-crowding has also led to health issues concerning water sanitation and hygiene. For instance, in the last week Parent-Teacher meeting at Josh and Eesa’s school. I found many pare nts complaining about their children turning sick. Also, they city is ever expanding and I have been hearing a lot of debate about the diminishing energy and water supply. Recently, my husband and I are encountering various apprehensions about our children.

Global and regional pricing Research Paper Example | Topics and Well Written Essays - 250 words

Global and regional pricing - Research Paper Example The rationale for charging different prices, based on the specific regions, is that a particular region may demand businesses to charge a lower price for their products, while another location may require higher pricing due to the quality or reputation of the product. A person travelling from Tampa to Miami using a personal car will always discover that the price of Gasoline varies depending on the distance from the main highway, with higher prices being charged close to the highway and lower prices far away from the highway. Similarly, retail stores in the same locality may charge lower prices, for same products on the store floor, in different regions as a way of increasing sales volume from stocks that are not moving, improve store traffic or compete directly with different stores and retail chains. Differential regional pricing is therefore dependent on the popularity of the product, the competitiveness of the product and demographic characteristics of the customers in the differ ent regions. Price discrimination entails charging different prices for the same product or a variation of the same product, in different countries. Microsoft Corporation has emerged as a monopoly in the development and sell of computer software and programs. The company offers several versions of the Microsoft office program, which are priced differently, based on the various categories of consumers, including businesses, academia and personal computer users. Through price discrimination, Microsoft separates its consumers and charges different prices with the goal of capturing customer surpluses and optimizing its profit margins. Microsoft has been accused of charging different prices to the different consumers of the same product. Popa (2012) observes that Microsoft, Apple and Adobe face risks of legal proceedings due to their

Management annotated bibliography Essay Example for Free

Management annotated bibliography Essay The purpose of this paper is to provide an annotated bibliography of three articles that deal with innovation and strategic management. And will include a review from the author’s perspective on current trends being shaped by innovation and specific aspects of innovation influencing strategic management. Innovation strategy: 4 key tactics of top growth companies The article covers the four practices of successful growth. Finding the next S-curve, lean on customers, think like a designer, and lead the way are the four areas that are focused on. The practice of finding the next S-curve explains that innovation has a time window, and is directly related to revenue. With continuous innovation, a company’s chance of hitting and staying within the window increases dramatically. The practice of lean on customers directly relates to gaining an understanding of the customer. It points out tools to use, such as creating a customer empathy map. Lean on customers creates a lean approach to product innovation. The think like a designer practice involves using innovation to create new options. This includes using Blue Ocean Strategy which is the search for uncontested market space and the business model canvas which is the nine building blocks for business. The lead the way practice involves making innovation a priority and those innovative leaders should be role models. Current innovative companies are used as examples for each practice. These include Amazon, Apple, IBM, and Starbucks (Power, 2014-15). Elements of a successful innovation roadmap This article covers innovation with Rapid Innovation Cycle (RIC). RIC leads to a higher success rate, by showing a repeatable process. It is an  introduction to a work shop. Product, business models, and processes can benefit from this road map. The rapid innovation cycle has four phases. Phase one is define and scope the innovation opportunity, phase two is discover new ideas, phase three develop and design concepts for experimentation, and phase four is demonstrate the innovation through piloting and prototyping. The define phase details the way to define and scope an innovation. This is from the customer’s perspective and saves valuable time and energy. The discovery phase details ways of exploring ideas to solve the issues that came to light in the define phase. The develop phase shows ways of developing the ideas that came from the discovery phase. The demonstrate phase turns the ideas from the development phase into simulations or working prototypes. By following the prescribed roadmap, companies can innovate with little to no waste (Samuel, 2013). Using Global insights to drive local innovation This article shows a strategy to gain innovation by looking at trends and insights on a global level. By learning what trends are emerging and what global consumers behaviors are, provides important insights to meet consumer’s needs. Two important areas to focus on are the customer’s experience and lifestyle focus. The consumer’s overall satisfaction is a key element, and products need to fulfill a wide array of lifestyles and interests. By following and anticipating these trends, companies can focus their innovation efforts to fulfill these needs (Capercini, 2013). Author’s review Innovation is a key factor in any business. With the information age moving and advancing as fast as it is, companies have to be proactive to keep up. Part of strategic management is innovation; this includes having a plan, developing new ways to do business, and new or better products and services. Not paying attention to global as well as local trends could have catastrophic consequences on a business. It is up management to lead the way and be role models. By finding uncontested market space, companies can have the advantage over competitors. References Capercini, R. (2013). Innovation Management.se. Retrieved from http://www.innovationmanagement.se/2014/10/28/using-global-insights-to-drive-local-innovation/ Power, D. (2014-15). Harvard division of continuing education: Professional Development. Retrieved from http://www.dce.harvard.edu/professional/blog/innovation-strategy-4-key-tactics-top-growth-companies Samuel, Dr. P. (2013). Innovation Management.se. Retrieved from http://www.innovationmanagement.se/2014/11/10/elements-of-a-successful-innovation-roadmap/

Impact of War on Child Education

Impact of War on Child Education The wellbeing of refugee children in an early childhood education context: Connections and dilemmas. Journal of Educational Enquiry, Vol. 13, no. 1, pp.18-34. In this article Shallow Whitington review how providing an environment supporting the wellbeing of refugee children is vital to their resettlement. This article recognises that early childhood is the prime time for refugee children to participate in intervention programs as this time maximises outcomes for children. The authors used date gained through researcher observations, checklists and interviews of parents and school staff to gain a broader understanding of the school community. This data was designed to generate professional development aimed at supporting teachers to develop educational frameworks supportive of refugee childrens wellbeing and the dilemmas they face in the school environment. Their research was carried out as a case study and focused on eight children, three families and three parents to identify the practical and emotional support offered to refugee children as identified by parents and staff. This article connects with early childhood pedagogical beliefs a s it provides insight into the process of including all children into an educational setting and programs thereby insuring the emotional wellbeing of all children. This article recognises the importance of different diversities, cultural traditions (Ailwood, Boyd Theobald, 2016), resilience and strengths of refugee families (Arney Scott, 2013) which are vital to the development of socio-cultural perspectives, educational programs and strategies. This article was useful as it related to Rogoffs idea of the community of learners (Nolan Raban, 2015) which promotes the wellbeing of all children, not only refugees, by participating in shared activities and experiences. The main limitation of this article is that meaning, intention and understanding may have been changed as an interpreter was used during the interviews. Also the children were observed on one day and many variables may affect a childs wellbeing on any day. The authors indicate that this study is just a beginning point f or educators and schools to understand how they can support refugee children and their families. This article provided background information on the necessity of inclusive practices and strategies to promote emotional wellbeing of children in early childhood settings through games, peer interactions and welcoming and including all family members to the service. References Ailwood, J. Boyd, W. Theobald, M. (2016) Understanding Early Childhood Education and Care in Australia. Allen and Unwin. Crows Nest: Australia Arney, F., Scott, D.(2013). Working with vulnerable families: A partnership approach (2nd ed.). Cambridge: Cambridge University Press. Australia Nolan, A. Raban, B. (2015).ÂÂ   Theories into Practice. Teaching Solutions. Blairgowrie: Australia. Shallow, N. Whitington, V. (2014). The wellbeing of refugee children in an early childhood education context: Connections and dilemmas. Journal of Educational Enquiry, Vol 13, no 1, pp.18-34. Retrieved March 2017 from http://www.ojs.unisa.edu.au/index.php/EDEQ/article/view/870/664 Moylan, C., Herrenkohl, T.,Sousa, C., Tajima, E., Herrenkohl, R. Russo, M. (2010). The Effects of Child Abuse and Exposure to Domestic Violence on Adolescent Internalizing and Externalizing Behaviour Problems. Journal of Family Violence, Vol. 5, no.1, pp. 53 63 In this article Moylan, Herrenkohl, Sousa, Tajima, Herrenkohl Russo examines the effects of child abuse and/or exposure to domestic violence in childhood on adolescent internalizing and externalizing behaviours. This article addresses outcomes for family violence and the resilience in each individual family. It discusses the results of domestic violence (depression, withdrawal and anxiety) and highlights the risks associated with stresses in the family and the surrounding environment. This longitudinal study used data collected through interviews, individual questionaries and checklists to identify whether adolescents internalise and externalise behaviours due the experiencing child abuse and/or witnessing domestic violence. The research focused on assessing 457 children of different genders, and 297 families from mixed races and social economic backgrounds, and followed the children into adulthood. This article was limited by the inability to establish exactly how frequently and over what length of time exposure to child abuse and/or domestic violence occurred. Another limitation is that only moderately severe behaviours were documented so the authors suggest that greater samples and different statistical methods be used to develop a more comprehensive study into the effects of child abuse and/or violence on adolescent behaviours. A strength of the study was the combination of parent reports and reflective reports from adolescences regarding their experiences as they grew up. While this article did not actually provide relevant strategies and resources for use in an early childhood setting, it developed an awareness of pedagogies and strategies to be used with young children to assist them to identify and use appropriate behaviours when interacting with others. It highlighted possible causes for young children externalising anti-social behaviours or internalising their thoughts and feelings when they are in my care. This article reinforces Skinners belief that childrens behaviours are influenced by their environmental conditions and systemic reinforcements (Nolan Raban, 2015, p.42). An important part of my pedagogy supporting children experiencing challenging situations and identifying approaches to sensitively respond to them (Ailwood, Boyd Theobald, 2016). Strategies to incorporate into an early childhood setting include group time discussions with preschool children selecting which scenario depicts the correct behaviour. This will assist them to become aware that some behaviours they accept as the norm are not actually socially acceptable ways of behaving. It is the role of the educator to offer reinforcements and rewards for more acceptable responses and actions (Nolan Raban, 2015). Bandura states much human behaviour is learned from other humans (Nolan Raban, 2015, p.47), so as an educator I must be a model (Nolan Raban, 2015, p.47), demonstrating and acting in ways that I wish the children in my care to imitate. References Ailwood, J. Boyd, W. Theobald, M. (2016). Understanding Early Childhood Education and Care in Australia. Allen and Unwin. Crows Nest: Australia Moylan, C.; Herrenkohl, T; Sousa, C.; Tajima, E.; Herrenkohl, R. Russo, M. (2010).ÂÂ   The Effects of Child Abuse and Exposure to Domestic Violence on Adolescent Internalizing and Externalizing Behaviour Problems. Vol 5, no1. pp. 53 63. Retrieved March 2017 from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2872483/ Nolan, A. Raban, B. (2015).ÂÂ   Theories into Practice. Teaching Solutions. Blairgowrie: Australia. Hanson, J., Hair, N., Shen, D., Shi, F., Gilmore, J., Wolfe, B., Pollak, S. (2013). Family Poverty Affects the Rate of Human Infant Brain Growth. Journal of PLoS One, Vol. 8, no. 12. In this article Hanson, Hair, Shen, Shi, Gilmore, Wolfe, Pollak review how poverty may shape brain functions which trigger cognitive processes such as information processing, also behavioural regulation, schooling and health. The authors use data gained by analyzing 203 MRI scans from 75 children with 1-7 scans longitudinally per child, to examine how brain development in young children is affected by poverty. Children aged between 5 months to 4 years, from lower socioeconomic status backgrounds as well as more affluent backgrounds were the subjects of this research. Their research focuses on the volume of brain development (gray, white and cerebral) as the growth of gray matter is essential for the processing of information and implementing actions. This article is useful to the pedagogies, strategies and resources to implement in an early childcare setting as it establishes that lower volumes of brain tissue are connected to more behavioural problems in toddlers and preschool chil dren. These problems may take the form of breaking rules, extreme aggression and hyperactivity. The main limitation of this article was that the children studied were normal with those suffering from birth complications and family psychiatric history excluded. Also more children were from two-parent families. The authors indicate that the results under represent the real effects of socioeconomic status however poverty and environmental factors definitely affect human brain development and behaviour. The use of Banduras Social Learning theory to help educators gain a better understanding of children in their care who are in poverty or children at risk of poverty and to model desirable behaviors (Berk, 2013). As an early childhood educator using multimodal texts such as pictures and videos is an enriching way to educate children about poverty.ÂÂ   Early childhood educators should use the strategies of encouragement, support and intentional teaching to promote further investigatio n about this topic. References Berk, L. (2013). Child development.(9th ed.).ÂÂ   USA: Pearson education Hanson, J., Hair, N., Shen, D., Shi, F., Gilmore, J., Wolfe, B., Pollak, S. (2013). Family Poverty Affects the Rate of Human Infant Brain Growth. Journal of PLoS One, Vol 8, no 12. Retrieved March 2017 from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3859472/ Wessells, G. (2017). Children and Armed Conflict: Interventions for Supporting War- Affected Children. Journal of Peace Psychology, Vol.23 no.1 pp. 4-13. This article by Wessells reviews the need for intervention and the three areas of supports (comprehensiveness, sustainability and Do No Harm) needed to assist children affected by war in various countries. The author uses date gained through narratives, research, dialogue and the UN convention rights of the child. Their main research focuses on addressing childrens survival, development and their participation rights and the fact that if a child is a victim of any violence they are entitled to physiological and social recovery support. It advocates everyday practices such as a parent hugging their child, a teacher giving advice to a student or a shelter that gives privacy, as these actions can have beneficial physiological impacts. The main limitation to this article is the lack of long term research on whether or not children who received intervention are better off than children who didnt. The author indicates that comparative studies are also needed on which interventions have lon g lasting effects. This article relates to the pedagogies, strategies and resources implemented in an early childcare setting as it promotes the view that there is no one support for all children. Each child is an individual, requiring specific support and help as it relates to their individual circumstance, family background and environment. The best intervention approach includes all levels of a childs environment; their family, neighbourhood, community, school and social level. Bronfenbrenners ecological systems theory explains how everything in the child and their environment impacts on how a child grows and develops (Nolan Raban, 2015, p. 36). An early childhood educators pedagogy, strategies and resources should include knowledge about a childs background, their previous experiences and the involvement of support services if necessary. For a child who has experienced trauma early in their life a calm, familiar, predictable and unhurried early childhood setting as favoured by Steiner (NolanÂÂ   Raban, 2015) will be beneficial for their learning. References Wessells, G. (2017). Children and Armed Conflict: Interventions for Supporting War- Affected Children. Journal of Peace Psychology, Vol.23 no.1 pp. 4-13. Retrieved March 2017 from http://psycnet.apa.org/journals/pac/23/1/4.pdf Nolan, A. Raban, B. (2015).ÂÂ   Theories into Practice. Teaching Solutions. Blairgowrie: Australia.

The Elections of 1948 and 2004 Essay -- Politics Political Presidentia

The Elections of 1948 and 2004 The elections of 1948, and 2004 had many similarities. In both elections we had the two major political parties, plus a third independent party. We had a war going on, polls trying to predict the election, and two main candidates working on getting elected. The elections did have some differences though. Money spent, mediums campaigned through, and the number of votes for the third party. Despite the differences, there was one main similarity that stood out between the two elections, the type of rhetoric used to sway votes from both sides. In the election of 1948 Thomas Dewey rarely gave any plans, and even more rarely would he ever try to tell us why he would make a better president than incumbent Harry Truman. Instead he would complain about the new deal plans, and let his looks try and get him elected. Harry Truman was on the attack. The polls showed him far behind, so he figured he had ground to cover. He was quoted by the AP in the New York Times as saying â€Å"†¦if my opponent had the courage to discuss the issues.† (â€Å"President’s Speech in Pittsburg†). This recent election went similar. Although we did not have one candidate kick back and let his looks drive his campaign, we did have a candidate try and rely on his image to get him elected. It was viciously attacked, as well as defended. In the end, this did not seem enough to win, yet again. To get a better understanding of the outcome of this election, you must dig deeper, and examine each candidate one by one. Look at what the various candidates did to swing the vote one way or the other. Only after analyzing each candidate’s campaign can you see that the presidential election relies heavily on image, with logical reason... ...y, this does not say much for our country, and the direction we are headed in. Works Cited â€Å"The Election of 1948: Dewey defeats Truman?† C-SPAN. 17 November 2004 http://www.c-span.org/classroom/govt/1948.asp â€Å"1948: The Great Truman Surprise† Kennesaw State University Department of Political Science & International Affairs. 17 November 2004 http://www.kennesaw.edu/pols/3380/pres/1948.html â€Å"Thomas E. Dewey† Shiawassee County Michigan History. 17 November 2004. http://www.shiawasseehistory.com/tomdewey.html â€Å"Collecting Thomas E. Dewey† Shiawassee County Michigan History. 17 November 2004.http://www.shiawasseehistory.com/collect.html â€Å"Dewey Campaign† Shiawassee County Michigan History. 17 November 2004. http://www.shiawasseehistory.com/dewey.html â€Å"The Kerry-Edwards Economic Plan† 22 November 2004.http://www.johnkerry.com/pdf/economic_plan.pdf>

Marketing Strategy Essay

Discuss the type of product the company will offer and identify its primary characteristics The type of product the company will offer is a bracelet called Life Alert band. The characteristics of this device are size and the ease of use along with a lifetime guarantee. The Life Alert band is light and portable that no one will even know it’s on his or her wrist. It’s the size of a thick rubber band and comes in different wrist sizes. It has one easy to access button with an emergency icon that only needs to be pushed once to alert the Life Alert call center in the event of an emergency. The bracelet has several hidden sensors that monitor a person’s pulse and blood sugar and wirelessly sends this information to the Life Alert monitoring centers. If a change is detected in any of the monitors the bracelets sends a signal to the centers for immediate action. The Life Alert medical counselors immediately call the patient to see if they are ok. If no response is received they dispatch emergency responders right away. The bracelets uses flash memory to keep the device slim and flexible. It has a flexible band that can bend slightly. The material of the bracelet is a made of hard rubber that protects the electronics and its sensors. The bracelet requires a one-time setup much like a cell phone has to be programmed by Life Alert in order to ensure communication is occurring with their monitoring centers. The device has wifi built in for local communication. Users who have a wireless network can browse directly to the bracelet using a web browser. This gives them access to all the information the bracelet is recording. Discuss the product branding strategy Entrepreneur magazine states that a branding strategy is how, what, where, when and to whom you plan on communicating and delivering on your brand messages. Where you advertise is part of your brand strategy (Enterpreneur, 2011). In this case a brand is name that consumers associate with a device or service. Life Alert has many devices, all which bare its name on it. For example wireless companies such AT&T sell cell phones from different manufactures but all of them have the name AT&T on them and their logo. This goes for any large company that sells multiple products even if the products are manufactured by another company. Another good example is Apple. Apple has mp3 players, desktops, laptops, and other computer peripherals, all have the Apple logo on them. Therefore, the branding approach for the Life Alert bracelet will be the umbrella branding approach. The umbrella approach will help Life Alert in promoting their popular name even further. In a survey taken by ACNielsen International Research, 87% of Life Alert members said that Life Alert’s protection is a main or important factor in their decision to keep living at home rather than going to a retirement institution (lifealert911, 2011). Life Alert members on an average spend 6 more years living alone because of their services. The bracelet will not only enhance their product line but attract more customers. The introduction of this bracelet will increase their customer base and maybe appeal to those who have a serious illness. The bracelet will become the main entity of the product line with Life Alert’s name and logo. Discuss how the product fits within a product line and the depth and breadth of the line. Life Alert’s bracelet is a unique product that has carved a niche in the medical devices industry. It fits into health care products that offer emergency services for monitoring and addressing health related issues. It addresses a void in the industry and aims to support independence in aged adults by providing state of the art monitoring and emergency services. The distinctive aspect of the Life Alert bracelet is that it is both broadens and intensifies in scope in terms of its breadth and depth. It fits well into the product line Life Alert offers. It’s an extension of the current product offerings. Some of the functionality the bracelet offers cross’s over to other product categories. For example the bracelet now becomes competitive with blood glucose meters. Regardless, the bracelet extends the depth and breadth of the company. Explain how the product and target market strategies fit with the organizational strategy. The organizational strategy is based around a few key factors. The company’s business domain is clearly defined and is focused towards Mature 50+ adults who wish to live an independent lifestyle. The factors that are considered are mainly geographical location, age, retirement lifestyle and medical needs. The strategy is effective as it concentrates on a few key product and ervices. Life alert employs niche marketing to devise a product strategy aimed at that targets mature 50+ adults residing mostly in Florida, which is a popular retirement destination, who are currently living a retired lifestyle and desire a degree of independence and who may or may not have specific medical needs. The Life Alert bracelet fits into the organizational strategy for Life Alert. Introducing the bracelet will solidify the stance in the market. The organizational strategy for Life Alert is to be most innovative company in assisting the elderly. Life Alert can take advantage of its existing organizational strategy to support and market the bracelet. The company can further expand its diversified portfolio of services by using its existing infrastructure and the multifaceted use of its core resources. By including and expanding on existing product offerings the company can reduce cost and maximize return on resources. Life alert bracelet can utilize the infrastructure for Life Alert Necklace, security, monitoring and emergency response services with minor additions. All of these services employ the same core organizational set up, which is the monitoring center, which maximizes service offering with minimal investment. The marketing strategy includes Ads in local newspapers or niche publications, Opt-in web sites that make use of keywords to connect with potential customers, direct mail campaigns, as well publicity through Television developed for mature audiences. The bracelet can be incorporated under these existing marketing tools since it’s directed towards the same target audience. The ease of competitors’ entry into Life Alert’s market segment is minimal as the company employs a profitable business model where users pay an initial set-up charge for the systems and the company generates revenues each month through subscription-based monitoring costs. The company also distributes medical alert system to more than 300 resellers and is one of the largest wholesale medical alarm distributors in the nation, with over 200,000 medical alert devices in service. The bracelet can be an adjunct to the existing portfolio and use the same monitoring system and distribution strategies in use. The business strategy also supports innovation and product development and at present only a couple companies offer a medical alarm with two-way voice. With an additional service such as the bracelet the company will be a step ahead of its competitors and can utilize its R&D budget to support the new product. The company’s ability to customize services and marketing different price points for packages will allow customers to use the bracelet with other Life Alert products and services. The new product aligns well with the company’s organizational strategy and the same marketing strategy can be applied towards the Life Alert bracelet.

Project Evaluation Essay

REPORT ON PROJECT EVALUATION FOR KALAHI-CIDSS PROJECT, PHILIPPINES Introduction This report considers the following project evaluation methodologies in the context of the KALAHI – Comprehensive and Integrated Delivery of Social Services (CIDSS) Project in the Philippines (â€Å"the Project†): (a) financial analysis; (b) economic analysis; (c) social cost benefit analysis; (d) other evaluation methods including willingness to pay, planning balance sheet and cost effectiveness analysis. In order to analyse the relevance of the various evaluation methods to the Project, it is appropriate to have regard to the objectives of the Project. The overarching objectives of the Project as outlined in the logical framework for the Project were to: †¢ improve local governance; †¢ reduce poverty; and †¢ improve the quality of life of the poor. By considering the various evaluation methodologies, it is possible to identify the evaluation methods that best apply to the Project, in light of its objectives. FINANCIAL ANALYSIS Overview of financial analysis Financial analysis is an essential part of project appraisal which is necessary to estimate the financial profit generated by a project. Financial analysis â€Å"†¦attempts to determine the net financial benefit (or loss) to an  agency rather than the net benefit (or loss) to the economy or society. Financial evaluations are only concerned with cash flows in and out of the organisation.† (Commonwealth of Australia 2006, p. 28) Assessing the financial benefit of a project may be achieved through a consideration of the following: (a) net present value; (b) financial internal rate of return. Page 1 ARCH1260 Net present value Net present value is calculated by â€Å"†¦discounting a project’s cash receipts using the minimum required rate of return on new investment (cost of capital), summing them over the lifetime of the proposal and deducting the initial investment outlay.† (Levy and Sarnat 1982, p.55) It is necessary to apply a discount rate, that is the minimum required rate of return on new investment, to future cash receipts to determine the present value of those profits. The minimum required rate of return often reflects interest rates at which capital could otherwise earn interest in the market if it was not invested in a project. It is then necessary to sum the present value of cash receipts and deduct the initial cash investment for the project. Where the net present value is positive, the project may be accepted as financially viable. Financial internal rate of return The financial internal rate of return is calculated by determining the rate at which the net present value of a project equals zero. (Brent 1990) In determining financial internal rate of return, future cash receipts must be time-discounted to present values to relate to the initial investment outlay for the project. Levy and Sarnat (1982, p.55) suggest that as a general principle, where financial internal rate of return exceeds the discount rate, that is the minimum rate of return on new investment, a project may be accepted. Application of financial analysis to the case study Financial analysis is an essential valuation methodology to be applied to the Project to determine its financial viability. One of the key objectives of the Project was to maximise the use of the World Bank funding in order to ensure that the Project was economically beneficial to the Philippines’ national economy. (Araral and Holmemo 2007, p. 8) The funding of the subprojects was to be provided in counterpart by provincial, municipal and barangay local governments, in addition to funding from communities and private sources. As Araral and Holmemo (2007, p. vii) indicate, such contributions were intended to reduce the fiscal impact of the project on the national government. Accordingly, it was necessary for the various investors to be confident of the profitability of the Project. Moreover, the World Bank (2001, p. 25-26) required a financial analysis of the Project in order to determine the cost effectiveness of the Project and ultimately, whether to provide a loan to the Philippines government. However, it is noted that whilst carrying out a financial analysis is an essential aspect of project appraisal, there is a degree of uncertainty surrounding financial analysis at the outset of a project. This is particularly so in the context of developing countries where economic Page 2 ARCH1260 uncertainty affects market prices. Moreover, a financial analysis does not take account of external costs or benefits. (Commonwealth of Australia Jan 2006) ECONOMIC ANALYSIS Overview of economic analysis Economic analysis has a broader focus than financial analysis, it considers â€Å"†¦ the overall impact of a project on improving the economic welfare of the citizens of the country concerned. It assesses a project in the context of the national economy, rather than for the project participants or the project entity that implements the project. Economic analysis differs from the financial analysis in terms of both (i) the breadth of the identification and evaluation of inputs and outputs, and (ii) the measure of benefits and costs.† (Economics and Development Resource Centre Feb 1997, p. 9) The focus of economic analysis is the profitability of a project for society, rather than simply the project investor. Similar to financial analysis, through economic analysis, the net present value of a project may be calculated by summing the future flow of social benefits, less social costs (discounted to present values) and deducting the initial investment outlay. A project will be viable if the net present value of the project is greater than zero, that is, social benefits exceed social costs. Moreover, the economic internal rate of return may also be calculated for a project, by considering the net present value of a project taking into account social costs and benefits. The higher the economic internal rate of return, the more beneficial the project is to society. Discounting must be factored into the calculation of these analyses, being the minimum required rate of return on new investment, as an expression of society’s preferences rather than on the basis of interest rate as is used in financial analysis. In order to measure the social costs and benefits of a project, it is necessary to determine the common unit of account or numeraire that benefits and costs should be expressed in. Thirwall (1983, p. 213) suggests that whilst the numeraire may be expressed in domestic prices or international prices, using world prices is justified as it â€Å"†¦avoids the use of the exchange rate in order to value in a single currency some goods measured at world prices (traded goods) and others measured at domestic prices (non-traded goods).† It is also necessary, when carrying out economic analysis to adopt shadow prices. Shadow prices place a value on a factor for which there is inadequate market information, given that â€Å"†¦a project’s inputs and outputs should not necessarily be valued at current market prices because the market price may not reflect the social opportunity cost of the resource†. (Devarajan et al Feb 1997, p. 36) For example, in the context of labour, a project may Page 3 ARCH1260 employ an individual at a certain wage, which represents a financial cost, however that financial cost does not represent the social cost of  employment, being the supply price of labour. As such, a shadow price may be adopted to reflect the social opportunity cost of employment generated by the project. Application of economic analysis to the case study The Project sought to achieve several benefits beyond profitability, including improved infrastructure and services, increased community participation and improved quality of life. Accordingly, economic analysis is relevant in that it evaluates the Project’s benefits to all levels of government and to the community, rather than just the investors. An economic analysis can be carried out in respect of the infrastructure subprojects, as is evident in the analysis summarised by Aral and Holmemo (2007). For example, it is possible to quantify the cost of construction and maintenance of roads against benefits such as number of households benefiting from a road and transport costs for paddy and fertilizer. (Aral and Holmemo 2007, p. 12) However, it should be noted that economic analysis is still confined to those benefits and costs that can be measured. Whilst economic analysis is clearly useful for assessing the economic benefits and costs of the infrastructure subprojects, other broader benefits, such as better access to social services and technology and possible benefits from improvements in barangay governance (Aral and Holmemo 2007, p. 21-22), are not captured through economic analysis. SOCIAL COST-BENEFIT ANALYSIS Overview of social cost-benefit analysis Cost-benefit analysis involves the application of both financial analysis and economic analysis to a project to determine the strength of the project in being profitable and contributing to society. It â€Å"†¦attempts to measure the value of all costs and benefits that are expected to result from the activity. It includes estimating costs and benefits which are ‘unpriced’ and not the subject of normal market transactions but which nevertheless entail the use of real resources.† (Commonwealth of Australia Jan 2006, p. 5) Moreover, this analysis involves a consideration of distributional issues, that is, how benefits and costs from a project are distributed amongst private and public sectors. (Little and Mirrlees 1990, p. 352) Page 4 ARCH1260 Application of social cost-benefit analysis to the case study The use of social cost-benefit analysis as a method of evaluation for the Project is beneficial in combining a consideration of the financial viability of the project and the costs and benefits of the Project for society as a whole. It is relevant to turn to the scenarios for cost-benefit analysis for the case study. For roads, the best scenario for both road construction and road improvement is scenario 3. This is because whilst the net present value and economic internal rate of return for both scenario 1 and scenario 3 is the same for both road construction and road improvement, the discount rate for scenario 3 in both instances is less than that for scenario 1. That means that the economic internal rate of return is proportionally greater than the discount rate in scenario 3 and as such the return on those projects is greater than it would be for the scenario 1 projects. Furthermore, in the case of both road construction and road improvement, scenario 2 is the worst scenario, as the net present value is significantly less than the other scenarios and also the economic internal rate of return is lower. The higher the internal rate of return, the more beneficial the project. Overall, road construction under scenario 3 is a better option than road improvement as both the net present value and economic internal rate of return is greater for road construction than road improvement. For school building, whilst scenario 1 and scenario 3 have the same economic internal rate of return (15.91%) and the net present value for scenario 1 (at 42,729 USD) is slightly higher than that of scenario 3 (at 42,000 USD), scenario 3 is the best option as the economic internal rate of return is proportionally greater than the discount rate at 10%, rather than under scenario 1 where the discount rate is 15%. Accordingly, scenario 2 is the worst option with the lowest net present value and an economic internal rate of return which is less than the discount rate. Where economic internal rate of return is less than the discount rate the project should not be considered. As such,  scenario 2 should not be considered. For school improvement, scenario 1 and scenario 3 have the same net present value (22,930 USD) and economic internal rate of return (15.10%), however scenario 3 is more favourable given that its economic internal rate of return is proportionally greater than its discount rate (10%) than scenario 1’s discount rate (15%). Scenario 2 is the worst option given that it has a lower net present value than the other scenarios and its economic internal rate of return is less than its discount rate and as such it should not be considered. Overall, school building under scenario 3 is a better option than road improvement as the net present value of the project is greater and the proportional relationship between economic Page 5 ARCH1260 internal rate of return and discount rate is higher for school building than for school improvement. OTHER EVALUATION METHODS Overview of other evaluation methods Willingness to pay Willingness to pay examines how much a person is willing to pay for a good or service. The value that a person is willing to pay is then compared to the actual cost of the good or service. This technique relies on data collection through surveying people in a community in which a project is proposed. For example, Whittington et al (1990) surveyed a village in southern Haiti regarding willingness to pay for water services. Whilst it is suggested that the viability of willingness to pay surveys is limited given the scope for bias in individuals’ responses, Whittington et al concluded that such surveys were a feasible method of estimating willingness to pay for improved water services (1990, p. 308). Planning balance sheet This evaluation methodology attempts to list ‘intangible’ benefits of a project and also involves an analysis of the distribution of project benefits amongst society. Cost-benefit analysis only considers those  benefits that can be easily measured. As Materu (1985, p. 4) suggests, â€Å"†¦the tendency to select projects on the basis of their expected quantified monetary benefits, with intangibles treated as a minor balancing factor – which is inherent in traditional forms of cost-benefit analysis, can be misleading because it may not reflect the true social value of an investment.† The planning balance sheet approach attempts to focus on all costs and benefits of a project to the community rather than simply quantifiable economic costs and benefits. Cost effectiveness analysis Cost effectiveness analysis involves an assessment of the cost of investment in a project against the benefits measured on the basis of physical units rather than monetary value, for example, number of lives saved or children provided with an education. This enables an evaluation of the effectiveness of money spent to achieve program objectives. Cost effectiveness analysis is valuable for assessing the cost-effectiveness of alternatives programmes with similar objectives, where the project objectives are clearly defined. Page 6 ARCH1260 Application of other evaluation methods to the case study Whilst the willingness to pay approach might be suitable in respect of the infrastructure subprojects that are part of the case study, this evaluation method is not suitable for taking account of the broader aspects of the Project, such as improved community participation and quality of life. However, the planning balance sheet approach is likely to be useful in analysing the benefits of those aspects of the Project, given that they are difficult to quantify in a monetary sense. In considering cost effectiveness analysis, whilst there may be some value in measuring the benefits of the Project on the basis of units such as number of people engaged in community decision-making, however this would be difficult to measure given the broad scope of the Project wherein programmes for improved governance and participation are to be tailored to local barangay communities. As such,  this method of evaluation would not produce consistent results for carrying out preliminary appraisal of the Project. Conclusions Conducting a financial analysis is an essential part of appraisal for the Project in order to determine the financial profitability of the project for the investors. However, it is relevant to examine other aspects of the project to determine its viability given the objectives were broader than merely financial objectives. Economic analysis is relevant to apply market prices to the costs and benefits of the Project to society, rather than just the investors in the project. This enables a consideration of the net benefits of the Project as against the cost of capital expenditure required to implement the Project. Financial analysis and economic analysis are both relevant to conducting a meaningful evaluation of the Project, however, they are of limited use if applied independently. As such, social cost-benefit analysis offers an effective methodology for assessing both the financial and economic costs and benefits of the Project, and enables a consideration of how those costs and benefits would be distributed amongst various sectors within society. By applying social cost-benefit analysis, it is possible to determine whether the benefits outweigh the costs of the project to the extent that the capital should not be invested elsewhere. However, whilst social cost-benefit analysis can be used to assess benefits and costs of those aspects of the Project that are easily quantifiable, such as the infrastructure subprojects, this method does not give weight to the benefits and costs associated with the intangible objectives of the Project such as increased community participation, improved local governance and quality of life. Here, the planning balance sheet approach is useful as a means to give weight to the intangible benefits of the Project to society. Page 7 ARCH1260 Aral, E. and Holmemo, C. 2007, ‘Measuring the Costs and Benefits of Community Driven Development: The KALAHI-CIDSS Project, Philippines’, Social Development Papers – Paper No. 102. Brent, R. 1990, â€Å"Investment Criteria†, Chapter 2 in Project Appraisal for Developing Countries, New York: Harvester Wheatsheaf, pp. 24-39. Commonwealth of Australia. January 2006, Introduction to Cost-Benefit Analysis and Alternative Evaluation Methodologies, Department of Finance and Administration. [online] http://www.finance.gov.au/publications/finance-circulars/2006/01.html [Accessed 9 October 2011] Devarajan, S., Squire, L. and Suthiwart-Narueput, S. February 1997, â€Å"Beyond Rate of Return: Reorienting Project Appraisal†, The World Bank Research Observer, 12(1), pp. 3546. Economics and Development Resource Centre. February 1997, Guidelines for the Economic Analysis of Projects, Asian Development Bank. [online] http://www.adb.org/Documents/Guidelines/Eco_Analysis/eco-analysis-projects.pdf [Accessed 3 October 2011] Levy, H. and Sarnat, M. 1982, â€Å"The Economic Evaluation of Investment Proposals†, Chapter 3, in Capital Investment and Financial Decisions, 2nd ed., Englewood Cliffs, NJ: Prentice Hall International, pp. 39-64. Materu, J. 1985, â€Å"A Planning Balance Sheet of a Sites and Services Project in Tanzania†, University of Sheffield Department of Town and Regional Planning Occasional Paper Number 57. Thirwall, A. 1983, â€Å"Social Cost-Benefit Analysis and the Shadow Wage†, Growth and Development with Special Reference to Developing Economies, London: Macmillan, pp. 202-216. Whittington, D., Briscoe, J., Mu, X. and Barron, W. 1990, â€Å"Estimating the Willingness to Pay for Water Services in Developing Countries: A Case Study of the Use of Contingent Valuation Surveys in Southern Haiti†, Economic Development and Cultural Change, pp. 293311. World Bank. 2010, The World Bank Annual Report 2010, The International Bank for Reconstruction and Development, The World Bank, Washington DC. [online] Page 8 ARCH1260 http://siteresources.worldbank.org/EXTANNREP2010/Resources/WorldBankAnnualReport2010.pdf [Accessed 10 August 2011] Page 9

Dubliners Themes and Motifs Essay

In what concerns Joyce’s style of writing we can observe that he balances the objectivity – the attitude of â€Å"scrupulous meanness â€Å" and sympathetic understanding of characters with the help of the stream of consciousness and epiphanies Scrupulous meanness – ‘Scrupulousness’ is a crucial element both in Joyce’s use of language, and in the structure and form of the stories. ‘Scrupulous meanness’ refers to a most complex and heavily allusive style that determines the reading of Dubliners. From the minimum of words Joyce succeeds to extract the maximum effect. Joyce puts this style forward as a means to express his moral intent The Sisters * â€Å"sensation of freedom as if [he] had been freed from something by the priest’s death â€Å" * â€Å"desired to confess something. I felt my soul receding into something pleasant and vicious region [†¦] I too was smiling feebly as if to absolve the simoniac of his sins† * â€Å"†¦I wouldn’t say he was exactly†¦but there was something uncanny about him. I’ll tell you my opinion†¦Ã¢â‚¬ (incomplete sentences of aunt) * â€Å"one of those †¦peculiar cases† * â€Å"scrupulosity in the Catholic Church is a very real, potentially paralyzing, mental disease†(Bremen) Stream of consciousness – Depicts the multitudinous thoughts and feelings which pass through the mind. Eveline * â€Å"She had consented to go away, to leave her home. Was that wise? She tried to weigh each side of the question. In her home anyway she had shelter and food; she had those whom she had known all her life about her. Of course she had to work hard, both in the house and at business. What would they say of her in the Stores when they found out that she had run away with a fellow? Say she was a fool, perhaps; and her place would be filled up by advertisement. Miss Gavan would be glad. She had always had an edge on her,especially whenever there were people listening.† Araby * â€Å"What innumerable follies laid waste my waking and sleeping thoughts after that evening! I wished to annihilate the tedious intervening days. I chafed against the work of school. At night in my bedroom and by day in the classroom her image came between me and the page I strove to read. The syllables of the word Araby were called to me through the silence in which my soul luxuriated and cast an Eastern enchantment over me. I asked for leave to go to the bazaar on Saturday night. My aunt was surprised, and hoped it was not some Freemason affair. I answered few questions in class. I watched my master’s face pass from amiability to sternness; he hoped I was not beginning to idle. I could not call my wandering thoughts together. I had hardly any patience with the serious work of life which, now that it stood between me and my desire, seemed to me child’s play, ugly monotonous child’s play.† Epiphany – an experience of sudden and striking realization. Eveline * â€Å"Derevaun Seraun! Derevaun Seraun!’ â€Å"She stood up in a sudden impulse of terror. Escape! She must escape! Frank would save her. He would give her life, perhaps love, too. But she wanted to live. Why should she be unhappy? She had a right to happiness.Frank would take her in his arms, fold her in his arms. He would save her† A painful case * â€Å"As he sat there, living over his life with her and evoking alternately the two images in which he now conceived her, he realized that she was dead, that she had ceased to exist, that she had become a memory. He began to feel ill at ease. He asked himself what else could he have done. He could not have carried on a comedy of deception with her; he could not have lived with her openly. He had done what seemed to him best. How was he to blame? Now that she was gone he understood how lonely her life must have been, sitting night after night, alone in that room. His life would be lonely too until he, too, died, ceased to exist, became a memory − if anyone remembered him.† The dead * â€Å"His soul swooned slowly as he heard the snow falling faintly through the universe and faintly falling, like the descent of their last end, upon all the living and the dead.† Themes General/ Contextual themes – themes surrounding the entire narrative discourse giving it homogeneity .They deal with Dublin biggest issues that have a great influence in every character behaviour.In relation with each individual story they can be central themes or hidden after a detail ,an action ,an answer or a thought. * Poverty * Paralysis * Irish politics and religion issues Central/Characteristic themes * Mortality * Escape * Isolation * Powerlessness * Alcoholism

Capital Structure Essay Example | Topics and Well Written Essays - 1500 words

Capital Structure - Essay Example 1963. 441-442). Many theorists didn't like their theorems but finally did find evidence in their applicability in many cases. Stiglitz (1969. pp784) however emphasized that the theorem was framed with some limitations in mind pertaining to existence & distribution of risk classes, competitiveness in the markets and clarity of effect of bankruptcy on the validity of the theorem. Stiglitz (1969. pp789) proved that under given risk classes the primary objective of firm management is to maximize firm value and hence they shall tend to choose the most appropriate capital structure that can achieve maximum value of the firm given certain implying factors that vary from firm to firm. But what could be such implying factors Let us focus on another empirical generalization established by Borch (1969. pp6-7) regarding conflict of interest in firm capital structure. If an organization has started with a capital and have achieved value addition over the capital, the shareholders will expect divi dend payments from the value addition. Payment of dividends to shareholders will conflict with the interest of creditors as the latter would like to continue with long term interest payments. Hence, the creditors will tend to establish certain terms of agreement that indirectly impacts the dividend policy of the management thus affecting the capital structure of the organization as non-payment of dividends may end up reducing shareholder interest and hence can reduce equity financing. Another factor that affects the Capital Structure is the rate regulation by regulatory commissions. Spiegal and Spulber (1994. pp424-425) proved that rate regulations generates an incentive for the regulated firms to increase their debt levels. Thus regulated firms tend to have high leverages than unregulated firms. Chaganti & Damanpour (1991. pp488-490) and Brav (2009. pp265) argued that the firm's ownership determines capital structure to a large extent. Institutional investors or managers tend to reduce debt to equity ratio whereas shareholders that are "sensitive" to changes in performance tend to increase debt to equity ratio. This may be described using agency theory that the owners willing to take higher risks to maximize shareholder value will tend to reduce leverage while the owners willing to take lesser risks to maximize shareholder value will tend to increase leverage. Balakrishnan and Fox (1993. pp7-8) related firm Capital structure with asset specificity in which the investments are made. They argued that the firm's leverage would be positively related to investments in tangible assets or redeployment of existing assets but would be negatively related to investments in intangible assets. For example, a firm investing heavily in R&D will be more inclined towards equity finance because the outcome of R&D is normally intangible assets that do not form promising collaterals for debt