Implications of Credit Crisis to Financial Risk Managers

Good multi-disciplinary working is key to providing high quality patient care. The WritePass Journal

Good multi-disciplinary working is key to providing high quality patient care. Introduction Good multi-disciplinary working is key to providing high quality patient care. IntroductionReferencesRelated Introduction This work aims to establish a meaning of inter-professional, multi-disciplinary, multi-agency and collaborative working and evaluate its success or failure in the provision of good quality patient care. This work will identify models of teamwork and determine. Historically, health and social care organisations have operated independently, each encompassing differing professionals and agencies (Carnwell and Buchanan 2009). Each organisation has operated within its own management structure, policies, procedures and codes of conduct (Glasby and Dickenson 2008). However, effective practice in the twenty-first century recognises that the needs of patients/service users/clients can seldom be met by a single agency, as patients frequently have complex needs which span both health and social care services (Callaghan et.al. 2009). Equally, during the past decade there have been a variety of changes in the context of health and social care provision in the United Kingdom (Carnwell and Buchanan 2009).   Health and social care delivery is moving from the traditional acute care settings into community based settings and patient/client homes (NHS Institute for Innovation and Improvement 2006). This transition in service delivery requires health and so cial care agencies to work collaboratively, and in partnership with the patient/service user. Currently there are a plethora of definitions/terminologies used to describe health and social care professionals and agencies working together. Glasby and Dickenson (2008) suggest that partnership/inter-agency working may be defined as; health and social care agencies working cooperatively to provide cohesive care to patients/service users. Miers and Pollard (2009) suggest that ‘interprofessional’ working describes people belonging to a profession relating with one another for the mutual benefit of those concerned. This interpretation suggests a sharing of information and experience by professionals, resulting in a possible outcome unachievable by individuals (Mathias and Thompson 2001). Inter-professional working also incorporates an element of education amongst those involved, improving professional knowledge (Hammick et.al. 2009). A multi-disciplinary team is a term utilised to describe a group of professionals and other staff members, led by a team leader, working t ogether to achieve a common objective (Fraser and Matthews 2008). Lowe and O’Hara (2000) suggest that multi-disciplinary teams aid the development of client focused services, promoting a holistic approach to care delivery. However, it may be argued that traditional professional boundaries are being blurred as professionals strive to deliver quality client-centred care, and this may be evident within multi-disciplinary teams (Baxter and Brumfitt 2008). Nonetheless, a multi-disciplinary team approach may result in an improvement in communication between healthcare professionals which leads to a more co-ordinated service delivery and lessens the likelihood of service users falling between services (Cook et.al. 2001). Multi-agency working relates to several health, social care public, private sector and voluntary organisations working together on a specific task (Day 2006). It may be suggested that multi-agency working may bring agencies together, but also suggests that whilst there is communication between the agencies there is little collaboration, merely the aim of completing the task (Day 2006). However, it is possible to challenge this perception as sharing professional knowledge provides the opportunity to work and learn from one another, resulting in collaborative working (Hammick et.al. 2009). Collaborative working may be described as a complex multidimensional concept necessitating teamwork, communication, cooperation, multi-agency, multi-disciplinary and inter-professional interactions (Suter et.al. 2009). Collaboration requires the sharing of information, knowledge and resources to achieve a desired goal (Suter et.al. 2009). References Baxter, S and Brumfitt, S (2008) Professional differences in interprofessional working, Journal of Interprofessional Care, 22:3 239-251 Callaghan, P, Playle, J and Cooper, L (2009) Mental Health Nursing Skills, Oxford: Oxford University Press Carnwell, R and Buchanan, J (2009) Effective Practice in Health, Social Care and Criminal Justice: A Partnership Approach, (2nd Edition)(Ed), Berkshire: Open University Press Cook, G, Gerrish, K and Clarke, C (2001) Decision-making in teams: issues arising from two UK evaluations, Journal of Interprofessional Care, 15:2, 141-151 Day, J (2006) Interprofessional Working: Expanding Nursing and Healthcare practice, Cheltenham: Nelson Thornes Limited Fraser, S and Matthews, S (2008) The Critical Practitioner in Social Work and Health Care, London: Sage Publications Limited Glasby, J and Dickenson, H (2008) Partnership working in health and social care, Bristol: The Policy Press Hammick, M, Freeth, D, Copperman, J and Goodsman, D (2009) Being Interprofessional, Cambridge: Polity Press Mathias, P and Thompson, T (2001) ‘Interprofessional and multi-agency working’, In: Thompson, J and Pickering, S (2001)(Ed) Meeting the Health Needs of People who have a Learning Disability, London: Bailliere Tindall Miers, M and Pollard, K (2009) The role of nurses in interprofessional health and social care teams, Nursing Management, 15;9, 30-35 NHS Institute for Innovation and Improvement (2006) Making the Shift: Key Success Factors: A rapid review of best practice in shifting hospital care into the community, Retrieved on 27th March 2011 from: download.bham.ac.uk/hsmc/pdf/making_the_shift_2.pdf Suter, E, Arndt, J, Arther, N, Parboosingh, J, Taylor, E, Deutschlander, S (2009) Role understanding and effective communication as core competencies for collaborative practice, Journal of Interprofessional care, 23:1, 41-51

How the Impact of the Internet has Affected the Music Industry Essay

How the Impact of the Internet has Affected the Music Industry - Essay Example The Internet has had a profound impact in many areas of life but one of the earliest and greatest of the cultural (and business) impacts has been on the music industry (DiMaggio et al, 2001) both positive and negative. This is an important issue because the growth of the Internet and faster Internet connections has been accompanied by an increase in downloading and filesharing. Once a file is in digital form and on the Internet, it can easily end up anywhere in the world. This is the negative impact, and one of the worst affected industries of this problem has been the music industry (Peitz & Waelbroeck, 2005). The Internet has been both a blessing as a great distribution channel, especially for budding artists, but at the same time, it has posed serious problems because money is not flowing into the music industry as it used to. The situation has therefore spawned efforts for greater digital rights management (Hilts, 2003). The major companies in the music industry are Universal, Wa rner, EMI, BMG, and Sony, and they are all concerned for their very existence.

IT & Entrepreneurship Essay Example | Topics and Well Written Essays - 1250 words

IT & Entrepreneurship - Essay Example Intranets are utilised in order to find along with organise information, which resides within various organisations. Intranet fundamentally acts as front-end to great source of knowledge (ODI, n.d.). Based on this aspect, in the essay, I would discuss about the thoughts concerning the building of pedagogical principles into an intranet. About Pedagogical Principles Pedagogy principles are often regarded as methods of teaching and learning. They are recognised as theoretical procedures for achieving certain goals. The most vital characteristics of pedagogical principles are that they are quite pertinent in nature and equipped with theoretical influence. Pedagogical principles can be used in intranet such as in e-learning for better management of knowledge and better teaching experience. According to my opinion, every teacher has certain unspoken pedagogy, representing teaching method or philosophy. The pedagogy can be derived from evaluating the functions of a teacher (Rubens & et. al ., 2005). From reviewing the work of various authors, I have learnt that the task of a good pedagogical design is to ensure that there are no irregularities prevailing between the prospectus taught and the application of teaching approaches. Thus, in order to accomplish complete consistency, there is need to examine the key assumptions at every phase of teaching and to support them in learning. Hence, in order to build pedagogical principles, there is the requirement to begin with planned learning outcome. Then, there is the necessity of selecting certain effective teaching functions that would support students to accomplish their respective learning outcomes. Ultimately, there is need to develop evaluation activities that can genuinely examine whether the outcome have been accomplished or not. This procedure is simple to describe, but is quite difficult to build on intranet (Monty, 2005). This can be better understood with the help of the following pictorial illustration. Source: ( Mayes & Freitas, 2004). Pedagogical Principles into an Intranet Essentially from various works, I have understood that intranet provides a sophisticated way for teaching and learning. In learning environment, intranet comprises instruction delivered through every internal electronic media. The effort for utilising intranet in learning eventually moves towards complete automation of controlling the teaching and learning procedure by way of several applications. Although use of intranet in learning is recent phenomenon, but the underlying principles of learning, i.e. pedagogical principles have not been included in this technology. Most of the pedagogical principles that are utilised in traditional learning experience can be built into intranet based learning (Govindasamy, 2002). By understanding various concepts of pedagogy, I can define that constructivist pedagogy is often associated with intranet based learning. In this regard, constructivist pedagogical principles inspire learner s to establish their own knowledge based on personal experience and utilise those principles in various fields. In such pedagogical principle, the concentration is on learning, rather than teaching in the social procedure. Constructivism is often regarded as an ideal pedagogical principle for intranet, as it draws on determining the strengths of the medium and overwhelming the weaknesses (Gulati, 2004). Constructivist pedagogy observes students as the core participants of the learning

What is the Ideal Job Essay Example | Topics and Well Written Essays - 750 words - 1

What is the Ideal Job - Essay Example In some organizations, the employee is forced to work independently and is unable to build social connections with others in their environment. The high level of independent demands, such as meeting short deadlines, do not give the employee any free time to find out about their colleagues’ lives, desires, principles or values. An ideal job has the manager making efforts to build more teamwork and builds opportunities for group meetings so all employees can come to know one another. These efforts build better social belonging to help the employee gain colleague support, a very important emotional need to find the right amount of personal and professional happiness. The ideal job considers the importance of giving employees a sense of security. In many businesses, it is common to outsource to foreign countries as a means of saving costs. It is also common for businesses to try to merge job roles to reduce the number of workers currently on the payroll. Not all jobs are free of t he risk of job loss through layoffs and consolidation especially when staff members are having their jobs sent overseas to low-paying labor environments. An ideal job has the manager reinforcing that their job will not be lost to outsourcing or blending of job roles. Security should be provided by the manager in the form of bonus structures to improve motivation and this shows that the business will try hard to retain their employees. Providing security fulfills an emotional need in the employee and reduces anxiety or constant worry that they will suddenly be without a paycheck or forced to look for a different job. In ideal job works to build self-esteem and self-confidence in the employee. It is one where decision-making is shared through the entire organization and does not just come from high ranking officials.  

Business Plan For Livestock Fodder Company Marketing Essay

Business Plan For Livestock Fodder Company Marketing Essay The idea of the project was derived from market analysis, its demand and supply of camel fodder in Saudi Arabia. The problems which occurred in late 2007 in camel breed were main initiator of idea to develop and place new camel fodder in Saudi Arabia market. Due to contamination of fodder in 2007 which resulted in outrageous more than 2000 camel deaths the investigation was undertaken and the fodder was found to be stored in bad conditions and due to price efficiency, poor quality ingredients of camel fodder were used. We are aware of substances which were found in contaminated fodder. Designing the new product will consider following factors: Purpose of camel breeding (racing camels, beauty contests, general breed) possible nutrition differentiation Camel nutrition requirements Vitamins added value Storage solutions Packing solutions (vacuum packing) Contamination awareness Camel fodder preferences Price sensitivity Product competitiveness Product shape Quality sensitiveness Due to low labour and semi-products costs, production in Poland will give the competitive advantage based on price. Relatively high supply of ingredients in Poland which are essential to produce the fodder will be also advantageous. Our propositions of character of this project as follows: Establishing new brand which will cater for all kind of camel breeders. Opening site which will cover everything from production through packing and dispatch. Establishing supply chain and finding possible sub contractors. Subcontracting all operations to other companies in Poland. This will be less cost consuming and much faster in executing. Branding the product. Objectives Establishing fully working production line of Livestock fodder, prepared for transport Setting up good distribution channels and supply chain which will lead to cost effective and save  transportation to Saudi Arabia We would like to sustain reliable service to our customers In three years from the start we would like to meet 0,377% of total livestock feed demand of Saudi Arabia Which will account on average  sales 3459,4 Tones Per month This figure can be achieved when productivity of production line will be set  at 70 % In first year of operating, we would like to achieve 60%  of all sales contracted for few years ahead Mission Royal  Camel  seeks to  produce the lowest  acceptable price   and by providing the highest quality product and competitive features  as vacuum packaging which affects on much longer storage possibilities. We value our relationships with future customers and hope to communicate our appreciation to them through our outstanding, guaranteed product quality, personal service, and on-time delivery. Our commitment to our customers and the country of Saudi Arabia will be reflected through honest and responsible business. Keys to Success Due to low labour and semi-products costs, production in Poland will give the competitive advantage based on price. Relatively high supply of ingredients in Poland which are essential to produce the fodder will be also advantageous. Reliable and Motivated Hardworking Stuff Reasonably big financial backup will be also key to success as it will secure operational flexibility Well Developed Business network in Saudi Arabia will lead to fast and effective product introduction  in the  market Long term business relationship with suppliers and clients After establishing company in the market, possible product modification according to customer requirements. Developing good marketing strategy, finding new channels of communication with customers. Potential barriers Critical Paths and areas of Slack Products The Royal Camel  company intention is to produce  a fodder which is made from hay. Product Description Competitive Comparison Distinction  of product in competitive market. The product distinction will be based on price and packaging solutions. Customer in the moment of decision will chose product of a better quality. Our packaging will be main factor which will persuade customer of a great quality of the product. The other reason for customer to choose our product  will be  price.  The mix of price and quality will give competitive advantage we are looking for. Comparing to other products, our will not be as complicated notional wise. It is going to be cheaper and available to all customers.   Sales Literature As a part of marketing campaign, we are planning to prepare product brochures which will be presenting our company, supply chain and describing our products. Those brochures will be sent out to core players on the Saudi Arabian Market, to nutrition and big Camel Farms  to inform them about new solution. On the other hand, we will be trying to enter on the Saudi Arabian Market by articles in agricultural magazines and local press. We would like  also to have  also strong support of authorities in Saudi Arabia because at the moment the situation on the  livestock feed market is very close to monopolistic practices which are illegal and  brings also  lack of market balance and safety.    Technology The technology will be based mainly  on one Spanish company which is in the market for over 30 years in the market of industrial machinery. The production line will include the newest technology developed for this kind of product. (See Appendix 1) Dryer Bales grinders Fiber cooling line Milling line Pelleting line Control panels Dryers Project Organisation 8.1 Personell Plan 8.1.1 Management team People responsible for financial planning and all organizational issues 8.1.2 Supervisors   People responsible for  labours productivity during shifts 8.1.3 Secretary   Person responsible for appointments, researches, data gathering, communication and other office duties 8.1.4 Technicians   People responsible for proper line operation 8.1.5 Security   Whole object security 8.1.6 Labours   People responsible for production 8.1.7 Project Consultants Group of external specialists responsible for consultacy 8.2 Personell Plan- Finantial Summary According to Polish Standard pay rates, we have chosen satisfactory (but not very high) amounts. Nevertheless, we expect 10% rise every year as a performance bonus PROJECT CONSULTANTS ARE NOT TAKEN UNDER CONCIDERATION AS THEY ARE GOING TO BE HIRED ONLY FOR PROJECT IMPLEMENTATION PROCESS Personnel Plan Year 1 Year 2 Year 3 Management team à ¢Ã¢â‚¬Å¡Ã‚ ¬33 600 à ¢Ã¢â‚¬Å¡Ã‚ ¬36 960 à ¢Ã¢â‚¬Å¡Ã‚ ¬40 656 Supervisors à ¢Ã¢â‚¬Å¡Ã‚ ¬10 200 à ¢Ã¢â‚¬Å¡Ã‚ ¬11 220 à ¢Ã¢â‚¬Å¡Ã‚ ¬12 342 Secretary à ¢Ã¢â‚¬Å¡Ã‚ ¬6 600 à ¢Ã¢â‚¬Å¡Ã‚ ¬7 260 à ¢Ã¢â‚¬Å¡Ã‚ ¬7 986 Technicians à ¢Ã¢â‚¬Å¡Ã‚ ¬8 400 à ¢Ã¢â‚¬Å¡Ã‚ ¬9 240 à ¢Ã¢â‚¬Å¡Ã‚ ¬10 164 Security à ¢Ã¢â‚¬Å¡Ã‚ ¬24 000 à ¢Ã¢â‚¬Å¡Ã‚ ¬26 400 à ¢Ã¢â‚¬Å¡Ã‚ ¬29 040 Labours à ¢Ã¢â‚¬Å¡Ã‚ ¬24 000 à ¢Ã¢â‚¬Å¡Ã‚ ¬26 400 à ¢Ã¢â‚¬Å¡Ã‚ ¬29 040 Total People 11 11 11 Total Payroll à ¢Ã¢â‚¬Å¡Ã‚ ¬106 800 à ¢Ã¢â‚¬Å¡Ã‚ ¬117 480 à ¢Ã¢â‚¬Å¡Ã‚ ¬129 228 Company Locations and Facilities The Location the Royal Camel Production Line is going to be based in Poland in small city called Pyzdry.   (52 ° 10 N  /  17 ° 41 E). We will need around: 3200 m2The reason why that particular city has been chosen is because of high amount of grass around the whole area. We were looking for compromise between the land price and richness of the green resources surrounding production line. Moreover we were trying to find places with networking. On the other hand, the choice of Poland because of  cheap labour and high amount of ingredients available. Facilities We expect following Facilities on the production site: 9.1 Production line: Packaging section Shredding section Dryers Cooling section Grinding Section Pelleting Section Pellet cooling section Structures and platforms Control Panel Electricity dispenser 9.2 Offices and canteens Canteen with kitchen Toilets Managers office Secretarys office Conference office Technician office.   9.3 Car Park for labours and gests Legal and contractual issues Risk Assesment SWOT ANALISYS 12.1 Strengths 12.1.1 The Price Value Correlation The main Strength and advantage of Royal Camel fodder will be based on desired correlation between high quality of the product  and low production cost. The price-Value Correlation will be achieved by two advantageous factors: The low production cost  will be achieved by low labour and semi-products costs, so production in Poland will give the competitive advantage based on price. Relatively high supply of ingredients in Poland which are essential to produce a reach and high quality  fodder 12.1.2 Possibilities of longer Storage Due to contamination of fodder in 2007 which resulted in outrageous more than 2000 camel deaths the investigation was undertaken and the fodder was found to be stored in bad conditions and due to price efficiency, poor quality ingredients of camel fodder were used. The final Products of royal Camel will be pellets and bales. Both of them, just after Pelleting and baling process will be packed in vacuum way. This will affect with longer storage possibilities due to lack of air which impacts on reducing the anaerobic and aerobic  bacterias evolution. 12.1.3 High Qualified workforce People responsible for production process will be high skilled and motivated due to innovatory motivation management strategy so we plan that no mistakes and failures will occur within production process. 12.1.4 Best Quality Machines Another very important advantage of business will be cooperation with World class specialists in area of production lines. The Spanish Company will cover whole production line design and  engineering. Moreover, they will take care about first two weeks of production period to  arrange all improvements in process and train people. 12.1.5 Multipurpose solution The last important Advantage of This production line offer is fact that while planning whole investment, we took under consideration other investments of Saudi Arabian Investors in Poland, so if there  was a lack of Horse Fodder For some reasons we will be able to fill the demand extemporaneously at camel fodder expense. 12.2 Weaknesses 12.2.1 Price Limitations The main weakness of Royal Camel base product will be fact that its recipe is limited because of its low price. It means that product will be reach but it wont be a Premium product. However this Problem can be easily overcame by implementing strategy which will allow stretching the brand and preparing the production line of expensive premium product. 12.3 Opportunities The idea of the business opportunity was derived from market analysis, its demand and supply of camel fodder in Saudi Arabia. The problems which occurred in late 2007 in camel breed were main initiator of idea to develop and place new camel fodder in Saudi Arabia market. Due to contamination of fodder in 2007 which resulted in outrageous more than 2000 camel deaths the investigation was undertaken and the fodder was found to be stored in bad conditions and due to price efficiency, poor quality ingredients of camel fodder were used. We are aware of substances which were found in contaminated fodder. Designing the new product will consider following factors: Purpose of camel breeding (racing camels, beauty contests, general breed) possible nutrition differentiation Camel nutrition requirements Vitamins added value Storage solutions Packing solutions (vacuum packing) Contamination awareness Camel fodder preferences Price sensitivity Product competitiveness Product shape Quality sensitiveness As an international company we would like to  share the market with competitors based on Saudi Arabia market and Producers from other countries. 12.4 Threths 12.4.1 To strong competition of ARASCO and sssssssss There are two core competitors on the Saudi Arabian Market. Both of them are well established companies which together  hold over 60% of the market. Nevertheless Royal Camel will be able to cover  0,377%  of the Arabian Livestock Market 12.4.2 Seasonal Fluctuations of Demand It is obvious that demand can change and fluctuate. Nevertheless, we would like to contract  orders onwards with customers Seasonal Fluctuations of ingredients  Price Occurrence The harvest period is between July and August so contracting will be done whole year onwards, nevertheless because of natural disasters like floods, dry weather, wind, the wheat prices can change but according to last years experience, the changes should not be higher than +, 10% 12.4.3 Technical Machines used in our project will be the best and most reliable  on the market, nevertheless, breakdowns are possible and we have to be aware that drops in production fluency are possible. Control of the implementation of the plan Startup Expenses Description Legal issues As a Legal Issues, we understand Lawyers expenses, opening new partnership, advisory etc. Insurance   The insurance of the company is very important  in case of fire, floods and all other unpredicted  threats Building costs of factory   The issue of building costs is counted with material (steel) and cost of assembly Building Cost of office   In case of savings, we have chosen the cheapest solutions (office containers) this solution mixes low costs with high functionality. Instead of building new offices, we will buy ready mobile premises which can be assembled into office Projects   All projects of architects: Factory project, Offices projects land development spatial development Web Design quality sample test Before sales, we will have to send around 20 samples of fodder and check its full specifications Assembly of the Production line   The service of assembling, creating and starting up the whole production line by the Spanish Company Production Line Machines: Shredding:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚      Drying  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚   Cooling  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚   Grinding  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚   Pelleting  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Pellets cooling  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      Structures and platforms   Packing Land:  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Car park land  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Startup Expenses Summary Requirements Legal Issues à ¢Ã¢â‚¬Å¡Ã‚ ¬28 000 Insurance à ¢Ã¢â‚¬Å¡Ã‚ ¬3000 Building costs of factory (steel construction) à ¢Ã¢â‚¬Å¡Ã‚ ¬2 200 000 Building Cost of office à ¢Ã¢â‚¬Å¡Ã‚ ¬19 000 Projects à ¢Ã¢â‚¬Å¡Ã‚ ¬4 300 Web Design à ¢Ã¢â‚¬Å¡Ã‚ ¬1 000 quality sample test à ¢Ã¢â‚¬Å¡Ã‚ ¬700 Assembly of the Production line à ¢Ã¢â‚¬Å¡Ã‚ ¬232 000 building car park à ¢Ã¢â‚¬Å¡Ã‚ ¬10 000 Total Start-up Expenses à ¢Ã¢â‚¬Å¡Ã‚ ¬2 495 000

Essay --

Kidneys are very important organs. Their main responsibility is to filter harmful toxins from the blood, which are then excreted in the urine. The urine then flows through the ureters and into the bladder. When the bladder is full, the sensation to urinate arises and the urine is emptied through the urethra. Sometimes the crystals that are found in urine bind together and become big enough to develop into a kidney stone. I have yet to encounter anyone who has had this issue, but I have heard from other people that kidney stones can be very painful. Knowing the flow of urine and how small ureters are gives me chills just thinking about the pain someone might have to endure. Kidney stones differ in size and shape and can either be smooth or pointy. They can be the size of a sand particle or the size of a golf ball. There are even some stones that can fill the entire kidney; these are known as staghorn stones. Infections are the usual culprits for this type of stone. Calcium, very common in dairy products, is what the majority of stones are created from. Other chemicals tha...

Different Classes of Shares and the Benefits and the Disadvantages of Each Type of Shares.

Introduction First, we will mention about the purpose of this assignment, which is the benefit that we can gain from doing this project. From this project, it helps us to know the types of shares available in a company, definition of shares and the advantages and disadvantages of shares. From the information, this will enable a person who have interest invest in a company, purchase the shares that are suitable for them, based on the comparison between the advantages and disadvantages of each type of shares. Other than that, we can know the rights that attached to the shares. On the other hand, we will mention that under what relevant case law or relevant sections, the rights of the shareholders will be changed or affected. These circumstances are significant important to those shareholders who want their interest to be protected. For an example, when a company is going to winding up and under the normal situation, preference shareholders will have no right to participate in the surplus assets and profits but under when Section 66 Companies Act 1965, he has the right on it. Lastly, this project will give a fundamental or basic knowledge of each type of shares, the rights as being shareholders, which is useful in future, if we wish to success in our business field. Definition of shares According to Borlands Trustee v Steel Bros Co Ltd (1901), defines shares as the interest of a shareholder in the company measured by a sum of money, for purpose of a liability in the first place and of interest in the second but also consisting of a series of mutual covenants entered into by all the shareholders inter se. According to Section 4 Companies Act 1965 (hereinafter referred as CA’65) defines share as share in share capital of a corporation and includes stock except where a distinction between stock and shares is expressed or implied. In short, shares means that is the capital raised by a corporation, through the issuance and sale of shares. Section 98 CA’65 mentions the nature of share. The share or other interest of member in a company shall be moveable property, transferable in the manner provided by the articles, and shall not be of the nature of immovable property. It means that shares are movable properties, intangible in nature, chooses in action and transferable in nature unless the company is a private company. As according to Section 15 CA’65 private company has restriction of transferring share unless get the consent of all the members. There are various type of share in the market, such as ordinary share, preference share, deferred share, treasury share and others. However, the common one is ordinary share and preference share. Definition of Ordinary Share According to WorldReference. om Dictionary, ordinary share is share other than preferred share; entitles the owner to a share of the corporation's profits and a share of the voting power in shareholder elections. Definition of Preference Share Section 4 CA’65 defines preference share a share by whatever name called, which does not entitle the holder thereof to the right to vote at a general meeting or to any right to participate beyond a specific amount in any distributio n whether by way of dividend, or on redemption, in a winding up or otherwise. According to WorldReference. com Dictionary, preference share is share whose holders are guaranteed priority in the payment of dividends but whose holders have no voting rights. Benefits of Ordinary Share There are several advantages for subscribing the ordinary shares rather than preference shares. First, as an ordinary shareholder, he is a proprietor or owner of the company. A shareholder is entitled to membership rights of the company. It means that a shareholder as a member of the company has full voting rights at any general meeting. Through voting, a shareholder can participate in the management of the company. If the shareholder holds the majority rights (more than or equal to 51% of the rights) he can control the company financial and operating. Section 55 CA’65 says each member of a public company has one vote in respect of each ordinary share. Besides that, as a member of the company, he has the right to receive the notice of general meeting, to request the financial report, to attend and speak during the general meeting, to appoint the director during the general meeting. Moreover, he has the right to appoint proxies in the event that they cannot themselves attend the general meeting. As an ordinary shareholder, when the company is making a lot of profit, or in other word, in the event the company is prosperous, he stand to gain the most than preference shareholder as their dividend is higher compare to the fixed rate dividend received by preference shareholder. Furthermore, in the scenario of company winding up, an ordinary shareholder has the right to participate a share in any surplus assets of the company plus the repayment of his capital. Besides that, the Articles of Association require the company to offer any further shares it proposes to issue to the ordinary shareholders before offering them to outsiders, and usually the new shares are offered to the existing shareholders at a lower price than they would be offered to the outsiders. Disadvantages of Ordinary Share As a member of the company, ordinary shareholder is the main risk bearer of the company. It means that these shares carry a right to a dividend limited only by the size of the profit made by the company and are paid after the preference shareholders. They will be the last to receive the dividend. The dividend receive is in the form of non-cumulative dividend and the rate of dividend is not fixed, means when company did not declared dividends for this year, the dividends will not accumulated to next year and the amount is not secured. Under Section 365 CA’65, dividends are only payable out of the company’s profit. In the event that there are no profits, they will not receive any return of their investment. In fact, the company has no obligation to declare and pay dividend as the director can retain profits or capitalize the profits in the form of bonus share. However, when the company is making profit continuously for some years but director does not declare any dividend, the shareholders can apply to the court and sue the company under Section 33(1) CA’65 where Memorandum of Association and Article of Association constitute contractual effect between company and members, and where members right are affected, they can sue the company. In the scenario of winding up, ordinary shareholders will be the last to receive the repayment of capital. The next disadvantages of ordinary shares s that the issue of shares may result in diluting the shares held by the existing shareholders particularly directors who also are shareholders. It simply means the directors may lose control of the company unless they buy the new shares. Types of Preference Share There are several types of preference share: Cumulative preference share – If the dividends are cannot be paid in one year or the company does not pay the full dividend on preference shar es in any year the preference shareholder will be entitled to have the amount deficiency made up in later year before any dividend is paid on ordinary shares. Non-cumulative preference shares – the holder of such shares are only entitled to the specific rate of dividend out of the current year. If in a year the profits do not warrant payment of a dividend, the arrears are not carried forward to the subsequent year. Participating preference shares – the holders of such shares are entitled to a preferential dividend if the specified fixed rate before the ordinary shareholders. After the ordinary shareholder has received their dividends, the participating preference shareholder will participate further in any profit remaining together with the ordinary shareholders in the surplus assets. Moreover, they can also participate in surplus of assets with ordinary shareholders when the company is wound up. Redeemable preference shares – these shares may be redeemed by the company at a stated redemption price after a specified time. The redemption must be effected only on such terms and condition and in such manner provided by the Articles of Association. It means that the shares are not redeemable before the specific time and the company must buy back the shares at the price stated and at the specific time. Convertible preference shares – these shares carry the right to be made convertible, at the option of the holder, into another class of shares, normally into ordinary shares. General Advantages of Preference Shares Unless the Articles of Association or otherwise provided, generally, preference shares that are issued had the rights to a fixed dividend per share to be paid whenever there is sufficient profit, before any dividend is paid to any other member. The preference shareholders are more secured as ompare to ordinary shareholder as they have the priority to receive their return of investment than ordinary shareholder especially when the company is having ‘bad time’ where the profits is uncertain. Moreover, preference shares are presumed to carry a right to cumulative dividends where their dividends will become payable at the next year. Further more, preference shares are given the right to be repaid the nominal value of each share when the company is wound up before any capital is returned to other members. They are entitled to be repaid their capital of investment before the ordinary shareholders. General Disadvantages of Preference Shares Unless the Articles of Association or otherwise provided, generally, preference share does not entitle the holder to the rights to vote at a general meeting. Their voting rights to are often limited only during their dividends in respect of the share are in arrears, upon a proposal that affects rights attached to the share (variation of class rights), or upon a proposal to wind up the company. In short, they have limited right to vote, no right to attend general meeting, limited right to some of the company decision making. Thus, when a company is going to raise fund, they are willing to issue further preference share rather than ordinary share because of the limited voting rights. Even though directors issued more preference share to the stranger (public), they still maintained their majority voting and financial control of the company. Therefore, preference share are the best alternative for the directors of the company. The next disadvantage is they have no rights to participate beyond a specified amount in any distribution whether by way of dividend, or on redemption, in a winding up or otherwise. Different from the ordinary share, preference share is paid in a fixed dividend rate. They cannot participate in the surplus of profit or assets during the company are wound up. Thus, they have less return of investment especially during the company prosperous time. Rights of Holders of Preference Shares to be set out in the Memorandum of Association or Articles of Association Section 66(1) Companies Act 1965 mention no company shall allot any preference shares or convert any issued shares into preference share unless there is set out in its memorandum or articles the rights of the holders of those share with respect to: Repayment of capital – it should state that when the company is winding up, they would have the right to claim the nominal value of each share before any capital is returned to ordinary shareholder. Participation in surplus assets and profits – it should state that when the company is winding up and there is surplus of assets and profits, the preference shareholders entitled to have a share of it with the ordinary shareholders. Cumulative or non-cumulative dividends – it should state that the preference shareholders would receive either cumulative dividend as according to general rules or non-cumulative dividends as same as ordinary shareholders. Voting – it should state that either the preference shareholders would have the rights to vote in meeting or not. Priority of payment of capital and dividend in relation to other shares or other classes of preference shares – it should state that either the preference shareholders or ordinary shareholder have the priority to the issued or payment of capital or dividends or both of have the same priority? The purpose for such requirement is to enable the prospective and existing preferential shareholders to ascertain easily the rights attached to their shares. Section 66(2) CA’65 mention if default is made in complying with this section the company and every officer of the company who is in default shall be guilty of an offence against this Act. Penalty: Two thousand ringgit CONCLUSION Our assignment topic is â€Å"explain the different classes of shares and the benefits and disadvantages of each type of shares. † In our presentation, we had discussed about the different classes of share that is – ordinary shares and preference shares. We had explained about the definition of ordinary share and preference share and their characteristics. Beside that, we also discuss about the benefits and disadvantages of them. In our opinion, both of them got their advantages and disadvantages. When company is decide whether to issue ordinary shares or preference shares are depending on the situation. If the director wishes to maintain the control over the company then they should issued preferences shares to raised capital rather than issuing ordinary shares. However, the company also needs to consider the ability of paying back the interest and capital if issued the preference shares as they deem as external creditors that have the priority of repayment of capital than ordinary shareholders.

Blue Sky Software Consulting firm - Smart Custom Writing Samples

Blue Sky Software Consulting firm - Smart Custom Writing Importance of waterImportance of water in human body Water can be defined as a clear, odorless, tasteless, and colorless liquid that is very crucial for most animal and plant life and the most commonly used as compared to other solvents. It is well known that, water is the most abundant substance and very crucial in the human body. Human mass consists of about three quarters of water and this is the major constituent in all cells within the body. Water plays critical roles in the human body, for instance provision of a medium in which blood cells bath, regulation of body temperature, improving digestion, carrying the absorbed nutrients throughout the body, and it is used in the elimination of waste and toxic substances from the body (Claybourne, 2006). Blood in the human body consist of 95 percent water. Water provides a medium in which blood cells bath such that it allows for exchange of materials like nutrients in and out of the cells normally. The average normal body temperature for human body is 37 degrees Celsius. Water ensures that, during the normal conditions of the body, the temperature does not exceed this limit by more that 1 degree Celsius. Through sweating, human body can lose excess heat and this account for 22 percent of the ways the body loses excess heat. Water has a characteristic latent heat of vaporization such that when it gets at the surface of the skin as sweat, it will absorb the excess heat and evaporate as it attains about 100 degrees Celsius (Claybourne, 2006). Water is very vital during the process of digestion in human beings. The ingested food needs to be softened so that it can be acted on by enzymes. For example in the mouth, that saliva contains water, mucus and the ptyalin enzyme. This enzyme can work on the cooked starch arriving at the mouth after it has been moistened. Water provides for a medium in which nutrients are dissolved after digestion has taken place. Nutrients in solution form get absorbed into the blood circulatory system from where they are assimilated into various body cells and tissues for metabolism. After metabolism, waste products which result need to be eliminated. Waste products dissolved in water get their ways out of the body cells and tissues into blood. These waste products are carried to active excretion cites for example skin, lungs, and kidneys (Rosdahl Kowalski, 2008).   Dehydration can be defined as the process by which human body, body part or even an organ loses water due to fluid deprivation or illness. Dehydration is very common in children, infants, and seniors. Young children and infants lose more body water during vomiting or diarrhea. Seniors can also lose water due to vomiting and diarrhea but not as much as in the case of infants and young children. One can realize that he or she is undergoing dehydration when the mouth becomes dry and sticky; having sunken eyes which may not produce tears; feel lethargic, sleepy and tired; the urine out becomes low and its usually dark yellow in color; and experience muscle weakness, headache or dizziness. It is very important to drink a lot of water daily, for instance 8 glasses so that to ensure normal percentage of water in the body. Infants should also be given oral rehydration salts appropriately (Organization, 1976).   References Claybourne, A., (2006). The Human Body. London: Evans. Organization, W., (1976). Treatment and Prevention of Dehydration in Diarrhoeal Diseases.  Ã‚   Geneva: World Health Organization. Rosdahl, C., Kowalski, M. (2008). Textbook of Basic Nursing. Hagerstwon: Lippincott Williams Wilkins.

Negligence Essay Example

Negligence Essay Example Negligence Essay Negligence Essay Name: Instructor: Course: Date: Negligence A negligence lawsuit must satisfy four main elements for it to be successful. They include the defendant owing a duty to the affected, they must have violated this duty, the violation of the duty should have resulted in harm to the affected and this injury must be a foreseen accident by a normal person. These elements make it possible for a negligence lawsuit to take place. Mrs. Smith will prevail in her lawsuit against the manufacturer of the truck that led to the death of her husband, Ford Motor Company. This is because all the elements of negligence have been met in accordance to the facts given concerning this case. This lawsuit will triumph due to the negligence law that serves to protect individuals from injury due to negligence whether intentional or unintentional. This legal concept (negligence) enables the affected party to obtain compensation in the case of the occurrence of any accidents. From the case study provided the first element of the lawsuit was proven. The defendant in this case was Ford Motor Company while the plaintiff was Mrs. Smith. The defendant owed a responsibility to the plaintiff, in this case that of selling a good and road worthy vehicle to them. The defendant should have ensured that the truck was in acceptable condition before authorizing the sale to the plaintiff. This would have ensured that the plaintiff was safe when driving the truck and was not exposing himself to unnecessary risks. It was negligent in the case of the truck manufacturing company since they ignored their duty to the plaintiff. Mrs. Smith’s lawsuit has satisfied this requirement because the defendant owed a duty to the plaintiff but did not honor it resulting in the death of Mr. Smith. The second element that requires being satisfied is that the defendant must have dishonored the duty that they had to the plaintiff. In this case, the plaintiff’s duty was violated by the sale of a truck that was not in satisfactory condition. The truck sold to the plaintiff’s company had a defective alternator. Even after the routine checks, the problem was undetected, it was only noticed when the truck suddenly stopped as the driver was delivering some goods to a customer. By the sale of a car with a faulty alternator, the motor company has violated the duty it had to the plaintiff and the lawsuit against them will prevail since this element has been proven without reasonable doubt. Another element required for the negligence lawsuit to be considered is that the violation caused by the defendant resulted in harming the plaintiff, Mr. Smith. Because of the negligence of the company, it authorized the sale of a faulty truck to Greene. This resulted in the truck being stalled in the middle of the highway and the subsequent accident that befell Mr. Smith that results in his death. This is because the alternator is a device that controls the electrical system of the truck including the emergency lights. This flaw made the plaintiff leave the truck and manually signal to the other drivers in order to avoid them hitting the truck. This is when a mini-cooper ran into him as the truck in front of it swerved away from the truck. Therefore, the negligence of Ford Motors resulted in the death of the plaintiff however indirectly it may seem. The last element that will make this lawsuit viable is that the injury of the plaintiff was predictable by a regular person. The faulty alternator is an extremely important device in the every car, and most people know this. This is because it regulates the electrical system of the car. It is general knowledge that the emergency lights are controlled by the electrical system, and if this system is malfunctioning, it puts the life of the driver at risk. The injury of the plaintiff in this case was, therefore foreseeable by any reasonable person. Mrs. Smith’s lawsuit will prevail because it has satisfied all the requirements needed.

Importance of community health nursing Essay Example | Topics and Well Written Essays - 500 words

Importance of community health nursing - Essay Example Hospitals are mostly the place of being exposed at the bedside nursing but now community health nursing is a field that is as important to the society. Being in a baccalaureate program had given me intrigue and more opportunities to explore my career in community health nursing. The primary mission of community health nursing is improving the overall health of the population through health promotion, illness prevention, and protection of the public from a variety of biological, behavioral, social, and environmental threats (Clark, 2008). Community health nursing has contributed so much to the social and healthcare reform. Moreover, the importance of this nursing field has created great changes in how nursing is being provided to an individual. There are significant events that the community health nursing established, such as the World Health Organization (WHO), Communicable Disease Center (CDC), and American Red Cross. Public health nursing has led to many of the policy revolutions that helped bring family planning, workplace safety, and maternal child health services to people in need(â€Å"Nursing,† 2008). The global impact of community health nursing is not only around the nursing aspect but also around the cultural side of the society. Access of healthcare for the population is very diverse and with the government assistance to fund such different outreach programs, the choices of which a community needs health services are easily available for them. The importance of which is that the person is being treated at the convenience of there home, there community or people around them. The increasing availability of health care services such as community health nursing contributes to a better society especially in the nonurban areas, and elderly population. With the rising increase in the elderly population, illegal immigrants, and uninsured individual in the United States, community health services has provided care in a way that health

SAM 451 UNIT 5 Assignment Example | Topics and Well Written Essays - 250 words

SAM 451 UNIT 5 - Assignment Example lso indicates that the cholera occurrences have also been directly hampering tourism in Cuba, which contributed around 2.5 billion to the US economy in 2011 (Orsi, â€Å"US issues advisory for Cuba over cholera cases†). As the report directly indicates the interrelation between cholera cases and tourism development of the Cuban economy, it can be referred as creative statistics. Another statistical report, published in the article titled, â€Å"ACT: Third of high school grads not college ready†, postulates increasing trend of high school graduate students deciphering their unwillingness to go to college. According to the latest survey, it was found that 31% of the students in the US are not ready to go to college, mainly owing to their educational lacunas of learning and applying at the college level. The article further reported that this decline in students’ willingness to go to college, may in future expand the gap between students’ perceptions and abilities with that of the projected job statistics (Elliott, â€Å"ACT: Third of high school grads not college ready†). Hence, imbalances in the US society might be caused owing to fluctuations in the job market, as a consequence of students’ unwillingness to pursue college level studies. This also addresses a creative field of economic development, and thus can be affirmed as a creative statistics illustration. Elliott, Philip. ACT: Third of high school grads not college ready. The Associated Press, 2013. Web. 24 May 2013.