Strategic Management and Possesses Good Customer Essay Example for Free

Key Management and Possesses Good Customer Essay 1.What are the key issues introduced in the investigation? Barclay’s is one of the four most prevailing retail and business banks in U.K. yet, the organization has confronted numerous difficulties between the timespans of 1980-2000. Key Issues: †¢Underperformance: The bank had lost trust in its capacities because of long periods of underperformance. It had neglected to arrive at worldwide commercial center with irrelevant development in divestitures and acquisitions. †¢Leadership issues: The bank neglected to locate a decent pioneer somewhere in the range of 1995 and 19999. It had five unique CEOs in five years neglecting to contribute. †¢Cost decrease: The bank was battling to roll out noteworthy improvements which could lessen its cost base. Its expense to salary proportion was higher than that of contenders. †¢Lack of Planning: The bank needed vital arranging and furthermore had a lacking administration execution framework. †¢Media and speculators: The bank had become the obvious objective for media in view of its presentation and evolving CEOs. This came about into troubled speculators and dispirited workers. 2.Is Barclay’s performing admirably? Legitimize your answer. Considering the size and assets the bank has, I would state the bank isn't performing as per its measures. Avocation: Barclay’s has great client relationship aptitudes. They have manufactured individual associations with one out of five individual clients, and have direct associations with 25% of the organizations in U.K. This is an extraordinary asset to have; shockingly it can't utilize the assets adequately. The framework of the organization isn't equipped for utilizing the assets appropriately. One of the most significant things required for accomplishment of any association is to have a decent pioneer which the bank needs. The bank has little sign on where they are losing cash and where to reduce expenses. This is because of nonattendance of a key arrangement and poor administration framework. The expense to salary proportion was higher than its rivals which extraordinarily influenced the company’s accounting reports. The bank had been not able to become all around because of unmotivated and dampened officials. The representatives couldn't work in a group because of absence of correspondence and other corporate challenges. Taking all things together, Barclay’s was a brand and had a notoriety which it neglected to satisfy as a result of poor administration choices and absence of appropriate arranging and execution. 3.What are the procedures that Barrett used to detail choose and actualize new technique? Matt Barrett had a troublesome undertaking ahead to pixie

El Nino Essay -- essays research papers

El Nino      Typically, the degree of sea water far and wide is higher in the western Pacific and lower in the eastern, close to the Western bank of South and North America. This is expected fundamentally to the nearness of easterly breezes in the Pacific, which drag the surface water westbound and raise the thermocline moderately as far as possible up to the surface in the east and hose it in the west. During El Nino conditions, be that as it may, the easterlies move east, decreasing the proceeding with collaboration among wind and ocean, permitting the thermocline to turn into about level and to plunge a few feet beneath the outside of the water, permitting the water to become warm and extend. With the assistance of the National Oceanic and Climatic Administration's climate satellites, following moving examples of ocean surface temperatures can be made simpler. Typically, a "pool" of warm water in the western Pacific waters exists. Under El Nino conditions, this "pool" floats southeast towards the bank of South America. This is on the grounds that, in a typical year, there is upwelling on the western South American coastline, and cold waters of the Pacific ascent and push westbound. Be that as it may, during an El Nino year, upwelling is stifled and thus, the thermocline is lower than typical. At long last, thermocline ascends in the west, making upwelling simpler and water colder. Air pressures adrift level in the South Pacific teeter-totter to and fro between two unmistakable examples. In the high file stage, additionally called "Southern Oscillation", pressure is higher close and toward the east of Tahiti than more distant toward the west close Darwin. The east-west weight contrast along the equator causes the surface air to stream westbound. At the point when the climate switches into the low file stage, indicators ascend in the west and fall in the east, flagging a decrease, or even an inversion the weight distinction among Darwin and Tahiti. The smoothing of the teeter-totter makes the easterly surface breezes debilitate and retreat eastbound. The "low index" stage is typically joined by El Nino conditions.      The easterly breezes along the equator and the southeasternly winds that blow along the Peru and Ecuador coasts both will in general drag the surface water along with them. The Earth's turn at that point redirects the subsequent surface flows close to one side (northward) in the... ...rface water. In the nearness of daylight, phytoplankton can deliver chlorophyll, a small green plant substance. Thus, this substance takes care of zooplankton, which thusly takes care of higher individuals from the natural pecking order. During El Nino conditions, the water level ascents in the east and brings down in the west, constraining numerous progressions to occur among the plant what's more, creature life. Ocean fowls in the east should leave their homes, relinquishing their youthful and looking for food which isn't there, in light of the fact that the basic upwelling which causes the microscopic fish and other lower individuals from the evolved way of life to be created isn't there. Water temperature is better than average, and tropical fish are uprooted poleward or move, alongside the anchovy and sardines. Ashore, the impacts created a lot of precipitation, making the desert lands into a meadow with lavish vegetation and plentiful life. Grasshoppers come, filling frog and flying creature populaces, and the expansion in precipitation produces lakes which fish come to occupy, fish that had relocated upstream during floods created by the rain and become some way or another caught. In some overflowed beach front urban areas, shrimp creation set precedents. So too did the quantity of mosquito-borne jungle fever cases.

seattle ? mit

seattle ? mit for a brief moment over the summer i think i truly believed that i was a working adult, living the 9 to 5, subconsciously looking forward to the paycheck every other friday. i thought a lot about how i liked this lifestyle.01 the 9 to 5 i didnt care much for. the software i did was pretty interesting. i liked the feeling of transferring income to a savings account. by august i grew to love the seattle summer, with every sunset being a thousand shades of orange fading into blue. not having work to do after work was a blessing and a curse. i was spending most weeknights by myself in a tired haze, but traveled a lot on weekends to see friends. i spent more time with 20-somethings than something-teens. i regretted not living emin/em seattle instead of the suburbia that is kirkland, because i think it wouldve been a lot more fun, and there would have been more things to do. traveling this summer gave me more perspective as to where id want to live after mit.02 ideally a city, and seattle is quite nice -- im concerned about when its not summer, though natives say its not even as bad as boston or new york. obviously, the Bay exists, though not without its rampant problems. im slightly afraid of the person i would become if i lived in LA. portland is actually pretty cool and felt like a smaller seattle for the weekend i was there. being in new york city for a week before school was a slap in the face after being in the west coast, but it grounded me, and i realized that i liked nyc more than i thought, and that deep down ive always liked nyc, and id want to live there. boston is okay and cute. my mind intermittently drifts towards daydreams of working remote for some western software company while living in japan. being back at mit for only a week has already put me fully back in mit mode.03 its frankly been a jarring transition, both in environment and in lifestyle. id been passively thinking about (and living) life after mit for so long that id almost forgotten i had one more year left. but after the first cc-dormspam, the all-day acapella auditions, the 3am fire alarms, the torrential rain on the first day of classes, and playing tetris on my calendar, we are Fully Back, and it makes me question the time i spent in seattle, and was it even real at all? mit does this to you. i missed mit, and i missed next house and east campus and toons and all the little things about cambridge and boston i didnt even know i missed. im living in a cozy single at the end of the hall. im genuinely excited for every class im taking this semester. ive come out of the summer feeling a lot better (and healthier) about my emotions and relationships. im happy that me and joanna had an adult breakup and that were on good terms and still care a lot about each other. im glad i made new friends. (its refreshing to hang out with people that dont go to mit.) im glad i didnt reject romance. my favorite color changed from blue to pink. first impressions JFK SEA first weekend in seattle -- the great wheel obligatory space needle picture seattle japanese garden seattle japanese garden home for three months view from the top of a hill in kirkland views from the apartment views from the apartment An arrow pointing right Previous An arrow pointing right Next the ramen scene my first seattle ramen bowl @ kizuki (2.5?/5?) kamonegi nanban @ kamonegi - best soba i've ever had :) kotteri ramen @ ooink (3.5?/5?) boxer ramen in portland (3?/5?) tori paitan ramen @ mensho in SF - literally the best ramen i've ever had (!!!) (4.7?/5?) An arrow pointing right Previous An arrow pointing right Next earth porn snoqualmie falls - we went here after failing to navigate to rattlesnake ridge correctly x) spooky roots snoqualmie falls sunsets of lake washington sunsets of lake washington sunsets of lake washington cloudy day over lake washington bench me and sam alki beach on the last night in seattle An arrow pointing right Previous An arrow pointing right Next good people, good memories brekky in LA the day before anime expo :) kevkev with his WAIFU VENDING MACHINE 2E at mensho! things that are Aesthetic also things that are Aesthetic indoor skydiving!!! ryan's eggs are the best (if you know you know) An arrow pointing right Previous An arrow pointing right Next it me finding my home at anime expo with a bunch of slimebois dyed my hair pink (again!) on the poo poo point trail (yes it is called Poo Poo Point) lol An arrow pointing right Previous An arrow pointing right Next miscellaneous things safeway is aesthetic an exhibit in arizona called 'point of view' ada's technical book store! the view from the top of facebook's seattle office (thanks juan) an aesthetic grid the indie game exhibit at the museum of pop culture (mopop)! a random street in seattle obligatory picture of the public market, brimming with tourists :0 karaage at karaage setsuna (so good ;~;) i love the way the book dividers look An arrow pointing right Previous An arrow pointing right Next SEA JFK BOS MIT we're back had to visit this for the meme (the vessel @ hudson yards, nyc) back at mit audition season ?? the boston sunsets aren't bad either :) mau's room on 5W went to yume with all the mit godaddy interns ?? cambridge can be pretty too room 276, next house - my home for one last year An arrow pointing right Previous An arrow pointing right Next a seattle playlist   04 a (very roughly) chronological summary of what i listened to this summer Post Tagged #i'm a senior wtf #internship #ramen #seattle the 9 to 5 i didn't care much for. the software i did was pretty interesting. i liked the feeling of transferring income to a savings account. by august i grew to love the seattle summer, with every sunset being a thousand shades of orange fading into blue. not having work to do after work was a blessing and a curse. i was spending most weeknights by myself in a tired haze, but traveled a lot on weekends to see friends. i spent more time with 20-somethings than something-teens. i regretted not living in seattle instead of the suburbia that is kirkland, because i think it would've been a lot more fun, and there would have been more things to do. back to text ? ideally a city, and seattle is quite nice -- i'm concerned about when it's not summer, though natives say it's not even as bad as boston or new york. obviously, the Bay exists, though not without its rampant problems. i'm slightly afraid of the person i would become if i lived in LA. portland is actually pretty cool and felt like a smaller seattle for the weekend i was there. being in new york city for a week before school was a slap in the face after being in the west coast, but it grounded me, and i realized that i liked nyc more than i thought, and that deep down i've always liked nyc, and i'd want to live there. boston is okay and cute. my mind intermittently drifts towards daydreams of working remote for some western software company while living in japan. back to text ? it's frankly been a jarring transition, both in environment and in lifestyle. i'd been passively thinking about (and living) 'life after mit' for so long that i'd almost forgotten i had one more year left. but after the first cc-dormspam, the all-day acapella auditions, the 3am fire alarms, the torrential rain on the first day of classes, and playing tetris on my calendar, we are Fully Back, and it makes me question the time i spent in seattle, and was it even real at all? mit does this to you. back to text ? a (very roughly) chronological summary of what i listened to this summer back to text ?

Turnitin Whitepaper Plagiarism Web - 2440 Words

WHITE PAPER Plagiarism and the Web: Myths and Realities An Analytical Study on Where Students Find Unoriginal Content on the Internet Prevent Plagiarism. Engage Students. www.turnitin.com Table of Contents 1.0 Summary ...................................................................................................................... 3 2.0 Introduction .................................................................................................................. 4 3.0 Popular Content Resources on the Web ...................................................................... 5 4.0 The Most Popular Student Sources ............................................................................. 6 5.0 The Top Eight Most Popular†¦show more content†¦Contrary to general perceptions, the vast majority of students who have matched content in their work do not rely on cheat sites or paper mills. Instead, many more are using legitimate homework, academic and educational sites as research sources. The study also shows that student research and writing practices are following similar trends of the Internet as a whole. Increasingly, students rely on social networks and user-generated cont ent sites such as content sharing and question-and-answer sites to find materials that they include in their papers. The report outlines some broad trends based on the findings of the study and offers instructors, administrators and parents steps to take to help students use and document sources from the Web. WHITE PAPER | Plagiarism and the Web 4 3.0 Popular Content Resources on the Web Turnitin classified the top 100 most popular web sites that matched existing content in the Turnitin databases over a period of ten months (June 2010 to March 2011). The categories are as follows: Social Networking and Content Sharing This category encompasses sites that rely on user-generated content rather than professionally published content. The sites include social networking sites such as Facebook and MySpace, content sharing sites such as Scribd and SlideShare and Question Answer sites such as Yahoo Answers and Answers.com. Homework and Academic TheShow MoreRelatedMastering Graduate Studies 1e32499 Words   |  130 Pages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Citing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plagiarism . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Going Public In The Stock Market Finance Essay - Free Essay Example

Sample details Pages: 10 Words: 3046 Downloads: 9 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? Going public is a term frequently used in the business world. This term can be defined as, the transition of a privately held company to offering its first group of stocks for sale on a common market. (Web definitions). Don’t waste time! Our writers will create an original "Going Public In The Stock Market Finance Essay" essay for you Create order It is important for companies to make decisions that would be beneficial to them. By doing so, they can acquire the necessary monies and resources to accomplish success. Business owners should consider a number of factors prior to going into operations. One of the main factors is to decide whether they should remain private or go public. Both start up and established businesses should consider going public. It will be beneficial for an established business go public because this will increase its profitability, sales and revenue. The start-up business can use this opportunity in order to demonstrate its capability to eventually accomplish future success. According to the video viewed on angel, going public, Continental Circuits can be used as an example of a company that went public. However, they faced many difficulties which included competition. Therefore, they needed enhance their successes. This was a company which suffered because of disagreement among management. This paper will aim to outline the criteria and steps required for a company to become a publically traded firm. It will also identify the pros and cons of becoming a public firm. In addition, the major and minor markets around the world will be identified and discussed in detail. Lastly, it will identify the Caribbean companies that can enter the public market and the markets which serve as the best option. There are three main alternatives presented for a company who will wish to sell stocks to the market. This paper will outline all these alternatives and steps involved. The three alternatives are, a rights offering, private offering and public offering. However, this paper will place emphasis on the public offering. An Initial Public Offering could be defined as a corporations first offer to sell stocks (Wordnetweb). Going public would involve a number of steps, however, firstly, a team is selected whenever a company decides to go public. This team will include lawyers and accountants. They would be responsible for advising companies on its Initial Public Offering. Steps required in becoming publicly traded firm The first step involved in going public is to obtain consent from the existing shareholders and who own the privately issued stocks, (Gitman, 2009, p. 38). It is imperative that businesses inform their shareholders of such decisions so as to avoid any future negative end result. The second step involves lawyers and auditors who will be responsible for certifying all documents pertaining to going public and it is important to also have underwriters. They will ensure that all the paper work is legal. The accountants will also have to ensure that all accounting documents are in agreement with the Generally Accepted Accounting Principles (GAAP), while on the other hand, the lawyers will need to concentrate of documents relating to litigation and loans. (Gitman, 2009, pg. 338). The third step of this process involves locating an investment bank which will be in agreement to countersign or underwrite the offering. The underwriters are considered as very important in this step because this can influence the accomplishment of the Initial Public Offer. (Gitman, 2009, p. 340). The investment banker will then be responsible for forming an underwriting syndicate who will share financial risk associated with underwriting new securities. (Gitman, 2009, p. 340). In the fourth step of going public the company will file a registration statement with the SEC. A component of the SEC is called the prospectus, which outlines important aspects of the issue, issuer and the management and its financial position. There is a waiting period involved before approval and during this period, the company can receive a preliminary prospectus or red herring (Gitman, 2009, p. 338). Fifthly, once the registration is approved the investment community will then commence analyzing the companys prospects. (Gitman, 2009, p. 338). There will be a quiet period in which the company will have restrictions. This quiet period is to ensure that all potential investors will have access to the equal information. One month after filing, The IPO is usually completed. (Gitman, 2009, p. 338). The sixth step involves the road show, in which the companys stock offering is promoted. This includes a sequence of presentations to potential investors throughout the country which can also be extended to overseas. Another purpose of the road show is to estimate the requirements for the offering and also to set prices. (Gitman, 2009, pg. 339). Lastly, once SEC and the underwriters agree to the offering, a formal endorsement is made and signed. Once decided upon, the underwriter would be given shares that would need to be sold and the company will then receive capital that is acquired from the offering. The pros and cons of becoming a public firm As with everything else, there are advantages and disadvantages of going public. What must be taken into consideration or what must be an onjective to an organisation is to have your pros outweigh your cons. With this, it will give your organisation or firm a stepping stone in becoming a success. Pros Liqiudity: selling stocks from a private company can be challenging. This is due, to stockholders having to look for a different person who will be interested in owning the shares. As a result, this will make the stock more liquid for the public company and not for a private company (Going Public Today, 2009). In addition, having a high degree of liquidity and portfolio diversity can be accomplished (Block Hirt, 2005, p.449). Capital: by going public a firm can increase its monies or capital. However, a firm can increase funds through corporations selling its securities directly to the public (Block Hirt, 2005, p. 449). Mergers: this gives firms the provison to be able to utilize marketable sercurities to conduct mergers (Block Hirt,2005, p. 449). Exit approach: In this approach, both investors and owners of the public firm have the rights to or a choice to sell out at any given time based on the demand of the market due to their stocks having a very fast liquidity approach. Usefulness: Because public firms can possess well in established prices, publicly traded stocks can be useful in estate planning (Block Hirt, 2005, pg. 449). Image/publicity: according to Block Hirt, the high visibility of a public offering may even make the firm a potential recipient of attractive offers for its own securities. However this may not be viewed as an advantage by firms that do not wish to be acquired (Block Hirt, 2005, pg. 449). Free advertisement from the media such as magazines and newpaers will gain this sort of recognition due to them being a public firm. As a result of the free advertisement, revenues and sales will eventually increase (Going public today, 2009). Employee benefits: going public can help compensate and expand their levels of staisfaction, although a firm may not be competent in payig large salaries. However, being able to go public gives the firm the opportunity to make full use its potential in order to pull and keep employess by reccomending or offering stocks to these employees. In addtion, this offer seems to be more valuable and may even include different forms of benefit plans. It is important for a firm to understand that in order to be successful it must be able to have a well qualified staff. This is advantagesous because the company must make sure that they can attract and retain their personnel that is needed to maintain the companys integrity and increase profitablility postion (Zimmerer Scarborough, 2005, pg. 394) Cons Cost: The cost of going public is high (Block Hirt, 2005, pg. 449). Even though a deal made by the firm does not go through the firm can still loose the money that was already spent on down payment. In addtion to this, there are other cost associated such as: legal and accounting fees; travel fees; printing cost and sponsor allowances and filing fees, just to name a few. Difficulity: Becoming a public firm is hard work. It can be time consuming and expensive because cpmpanies must make all information available to the public through SEC and state filings (Block Hirt, 2005, pg. 449). Pressure: A lot of pressure is being placed on firms for short term performance by security analyst and large intitutional investors (Block Hirt, 2005, pg. 449). Liability exposure: By going public, directors and executives of the firm are now exposing themsleves to liability. Once a document has been done wrongly by an employee in the firm, they will be vulnerable to the civil society (Going public today, 2009). Loss of independence: No longer will the firm be operated by its owner. Because investors have the right to vote on whatever may be an issue to the company, they have the right to make decisions that the company may face. Unfortuneltly, a loss of independence resulted in an increase in takeover. Major markets around the world The New York Stock Exchange (NYSE): On an average day, there about $45 billion trades on this exchange and 1.6 billion shares exchange hands. There are currently about 8500 companies listed on the exchange which are worth nearly $17 trillion. (www.money-zine.com). It is considered the worlds leading and most liquid equities exchange group. NYSE Euronext powers the exchanging world and is comprised of equities and derivatives exchanges across the United States and Europe which trade cash equities, futures, options, fixed-income and exchange-traded products. It is home to the worlds leading companies providing access to the global liquidity they need to collaborate, compete and grow. (Stock Exchange, 2009). NASDAQ This stock exchange is recognized as the most technologically savvy stock exchange in the world. Companies such as Microsoft trade on the NASDAQ. (Stock Exchange, 2009). The NASDAQ OMX Group, Inc. is the worlds largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. It offers multiple capital raising solutions to companies around the globe and its technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. (Stock Exchange, 2009) (https://www.nasdaqomx.com/whoweare/quickfacts/) American Stock Exchange (AMEX) This is considered as the third largest stock exchange in the works. On average day, about 50 million shares are exchanged and about 1700 companies are listed. London Stock Exchange (LSE) Although it is much smaller that the American stock markets, this market list about 3300 companies from 60 countries some of which are US companies. One of such companies is General Electric. Toronto Stock Exchange (TSE) Australian Stock Exchange (ASX) Bombay Stock Exchange (BSE) Tokyo Stock Exchange (TSE) Other world markets include: North South America: Dow Jones Industrial Average United States SP 500 Index United States Brazil Bovespa Stock Index Brazil Canada SP/TSX 60 Canada Santiago Index IPSA Chile IPC Mexico Europe: FTSE 100 England Euronext 100 Europe CAC 40 France DAX Germany Swiss Market Index Switzerland Asia: Australia ASX All Ordinaries Australia Shanghai SE Composite Index China Hang Seng Hong Kong Mumbai Sensex India Nikkei 225 Japan Taiwan TSEC 50 Index Taiwan Caribbean companies entering public markets: Caribbean companies which are sometime referred to as small firms, have never been exempted from the public markets, they now have the opportunity to enter these markets in order for them to create international markets for their stocks and find opportunities for international investment, growth, advertising, increase in capital, and expansion of their customer base. How can these companies enter the public markets In the Caribbean, the companies that desire to enter the public market can do so with the aid of the Eastern Caribbean Securities Exchange. The Eastern Caribbean Securities Exchange commonly called ECSE is a regional securities market which is designed to facilitate the buying and selling of financial products, including corporate stocks and bonds and government securities. (ECSE vol. 2, n.d). The ECSE consists of the territories of Anguilla, Antigua Barbuda, Dominica, Grenada, Montserrat, St. Kitts Nevis, St. Lucia and St. Vincent the Grenadines. These countries all have companies trading on the public markets. For example Grenada, there companies such as the Grenada Breweries Limited, Grenada Electricity Services and Jonas Browne Hubbards (Gda) Limited. These companies trade their stocks on the international scene. There are guidelines and requirements that companies must follow when entering public markets. They must be listed on the ESCE and meet the required registration requirements. Some of these requirements include, fees and dues and legal requirements. Companies must ensure that their products or services can meet auditing requirements, high level of competitiveness and continuous growth. It is imperative that they seek advice from a stock exchange intermediary being a broker or dealer, who will be able to assist them in meeting the requirements of the ECSE. The ECSE is connected to the Eastern Caribbean Central Bank. Their main focus is on trading of corporate stocks, government securities and bonds and other financial products. It is a very crucial period for any company when entering the public markets. Key focus must be made on involving all persons in the company mainly its shareholders, as they will be the ones who will become the key decision makers. Competency and consistency must be apparent, and must exhibit a high level of transparency and accountability as investors would need to know exactly what is taking place. Some of the listing requirements are subjected to: o Decision making in interest of all shareholders o Meeting all registration requirements (these are set by the ECSRC) o Disclosure and distribution of companys financial structure, performance and activities Another avenue for companies to enter the public market is the IPO Initial Public Offering, this is only applicable to private companies wishing to go public. IPO by a private company is the first sale of stock by the company to the public. Although issued by smaller, younger companies in their quest for expansion of capital, it is issued also by large privately owned companies seeking to be publicly traded. (Investopedia, n.d) (www.investopedia.com/terms/i/ipo.asp). This can be a very risky investment as it will be difficult to predict what the stock will do on its initial day of trading and in the near future. This inadequacy is backed by the fact that there is little historical data with whiaich to analyze the company. On the other hand, IPO creates market value on any companys stock, and while offering shares for sale to the public it is also raising capital. Once these companies go public by IPO, they will be required to service their investors and the Securities Exchange Commission. An example of one such company going public is SGL Holdings Inc. This company traded on the international market but they were found to be in violation of the Grenada Securities Act. No. 23 of 2001 where the act prohibits persons from carrying on businesses as a custodian or manger of a collective investment scheme unless licensed to do so by the ECSRC! SGL Holdings Inc was not a licensed entity under the Securities Act and they eventually suffered the fate with the receipt of a cease and desist order. (ECSRC, n.d). Caribbean companies that can enter public markets and markets that serve as best options Based on the aforementioned information, we opted to select Sagicor Group Insurance Company. This company is known to be one of the worlds oldest and most experienced insurance companies. With its history dating as far back as 1840, the company has proven to be indigenous with respect to the redefining of financial services in the Caribbean. With operations in 22 countries and a variety of products for every life stage, the Company has expanded into the international financial services marked and evolved into a world-class brand. (Sagicor Financial Corporation, 2010). Based on the aforementioned information with respect to the world markets such as NASDAQ, LSE, NYSE; Caribbean companies such as Sagicor can trade on these public markets. Research has shown that Sagicors revenue has increased from $773m in 2007 to $1,205m in 2005; assets increased from $3,650m in 2007 to $4,460m in 2009. (Sagicor Financial Corporation, 2010). Based on the aforementioned information with respect to the world markets such as NASDAQ, LSE, NYSE; Caribbean companies such as Sagicor can trade on these public markets. Research has shown that Sagicors revenue has increased from $773m in 2007 to $1,205m in 2005; assets increased from $3,650m in 2007 to $4,460m in 2009. (Sagicor Financial Corporation, 2010). In Grenada, the Grenada Electricity Services Limited (GRENLEC) has also become a publicly traded company, but the question can be asked. Could GRENLEC enter these international markets? Grenada Electricity Company is the sole provider of electricity in Grenada. The company is responsible for serving more than 40,000 residential, commercial and industrial customers and has been providing integrated services of generation, transmission and distribution of electricity since the 1960s. With the majority of its shares sold to an investor, GRENLEC has seen growth since then. Its customer base has increased from 550 in 1960 to an excess of 40,000 in 2003. The Company is now listed of the ECSE since 2008. This listing has provided shareholders to trade and establish value for their investment. Investors also can purchase shares in the Company. (Author unknown, n.d). Conclusion After carefully considering both markets, Sagicor and GRENLEC, we concluded that not all Caribbean companies wishing to go public can trade in the international public markets. For small firms, we recommend that the ECSE is the most suitable public market for these companies as it will provide the basis for development and training for these companies who endeavour to go public in the future. Going Public can enhance the performanceof a business which in turn will mean more capital for the company. We have outlined some companies which have decided to go public both locally and internationally. However, companies need to pay careful attention to the steps and requirements which they need to follow in order to public, so as to avoid any legal implications. It is important that shareholders be a part of the decision to go public. Once a firm gets to sell bonds and stocks on a local, regional and international level this can result in profits for the company.

Maary Barnett Free Essays

Mary Barnett, the defendant, should not be held responsible for the actions taken and she should clearly be put under the care of the doctors in a health facility. Taking under consideration that Mary is mentally ill and has postpartum depression, she should not be put in jail for it. Alice Jones has known the defendant for more than eight years, and she thinks Mary has a very good attributes both as a social person, and a mother. We will write a custom essay sample on Maary Barnett or any similar topic only for you Order Now Ms.Jones believes Mary started to get depressed after Allison was born, and especially when her ex fiance Tim Stewart moved to California and called off the wedding and she started drinking. For all these reasons Alice believes Mary left little Allison without consciously being alert that she had left her unattended. Dr. Bloom says Mary has postpartum depression, which offended her after the birth of her child. Like Ms. Jones, Dr. Bloom thinks she is depressed, despite, and alcoholic. She was obsessed with her fiance, which drove him away and just made things worse.Since the trial Mary has suffered 2 anxiety attacks and had been in the hospital for several days. Mary Barnett herself knows that she did wrong leaving the child alone, but says that she did not know what was going on, and that she would have stopped it if she had realized what she was doing. All she had wanted was to get to her ex fiance with the hope of him fixing things, yet this didn’t happen. Caroline Hospers thought that Mary was a disgrace and that she couldn’t even keep a husband, but what she didn’t know was that Mary was depressed and in desperate need for help.She thought Mary was just another drunk that was irresponsible and not fit to bad mother. Hospers is wrong because Mary lobed her child and because of the depression and the drinking she didn’t know what she was doing. Officer Mitchell was there when they found the child dead and interrogated Mary. Mary explained what had happened, yet the officer found out this wasn’t true and that there was no babysitter involved, but what the officer doesn’t know is that she was so up set and verwhelmed that Mary just must have said whatever came to her mind. Dr. Parker believes Mary was mentally competent when she left her baby alone to die, yet she knows when she left the baby alone to die, yet she knows she suffers from depression and anxiety. She thinks she is able to stand in trial, but Ms. Barnett will probably fall into another anxiety attack. For this reason being that Mary’s truly not capable of standing in trial to defend her.Mary Barnett is truly incapable of maintaining herself in a stable position where she can stand in a trial and defend herself. She is not responsible for not knowing her actions would cause damage to her baby, because she wasn’t herself on that day. Mary Barnett had only one hope of light, her ex fiance, and with him not being there to keep her daughter, she acted without knowing or even thinking anything would happened, she went off to find help and instead found her baby dead without a reason in her head or what had just happened. How to cite Maary Barnett, Papers

Office Equipment Inc Case Problem free essay sample

LP8 ASSIGNMENT DISTRIBUTION SYSTEM DESIGN By: Jeffrey L. Blake Course: MT4210 Quantitative Analysis Instructor: Paul Larson Distribution System Design 1. If the company does not change its current distribution strategy, what will its distribution costs be for the follow quarter? Original shipping plan model MIN 3. 21+2. 22+4. 23+3. 94+1. 25+0. 36+2. 17+3. 18+4. 49+2. 710+4. 711+3. 412+ 2. 113+2. 514 DISTRIBUTION CONSTRAINTS 1. x1+x2+x3? 30,000 2. x4+x5? 20,000 3. –x1+x6+x7+x8+x9=0 4. –x2-x4+x10+x11+x12=0 5. –x3-x5+x13+x14=0 6. x6=3600 7. x7=4880 8. x8=2130 . x9=1210 10. x10=6120 11. x11=4830 12. x12=2750 13. x13=8580 14. x14=4460 I used this distribution model because the question states that the company in not changing its current distribution strategy. Constraints 1-2 are the number of units that the two plants are able to produce. Constraints 3-5 are transshipment constraints; they guarantee that the number of units shipped into the distribution center is equa l to the number shipped out. Constraints 6-14 are the number of units demanded at each customer zone and are in place to guarantee the demand is satisfied. We will write a custom essay sample on Office Equipment Inc Case Problem or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Now to show how to calculate the totals we must set up the model to show no limitations as the problem is saying. To set that up I am going to list the new formulas without limitations. MIN 3. 21+2. 22+4. 23+3. 94+1. 25+0. 36+2. 17+3. 18+4. 49+2. 710+4. 711+ 3. 412+2. 113+2. 514+6. 0x15+5. 216+5. 417+4. 518+6. 0x19+3. 320+2. 721+ 5. 422+3. 323+2. 424 S. T. (subject to): 1. x1+x2+x3? 30,000 2. x4+x5? 20,000 3. –x1+x6+x7+x8+x9+x15=0 4. –x2-x4+x10+x11+x12+x16+x17+x18+x19+x20+x21=0 5. –x3-x5+x13+x14+x22+x23+x24=0 6. x6+x16=3600 7. x7+x17=4880 8. x8+x18=2130 9. x9+x19=1210 0. x10+x15+x22=6120 11. x11+x23=4830 12. x12+x24=2750 13. x13+x20=8580 14. x14+x21=4460 If Darby keeps the current distribution plan, the total cost will be $620,770 for the following quarter. This is computed by taking the information from above and putting it into the objective function which shows the minimized shipping cost to be $194,060. To find the manufacturing cost, we take the values for x 1 through x6 and multiple by their respective costs per unit. For example, the values x1, x2 and x3 are the number of items shipped from the El Paso plant, where the manufacturing cost is $10. 0 per unit. These values are 14,520 units to ship to the Ft. Worth distribution center, 13,700 units to ship to the Santa Fe plant and 0 to ship to the Las Vegas distribution plant. In order to ship the meters, they must produce them, therefore the manufacturing cost at the El Paso plant is $152,460 (1452010. 50) + $148,850 (13,70010. 50) = $296,310. The San Bernardino plant only has a value for shipping to the Las Vegas distribution center and this value is 13,040 units. Since the cost of manufacturing at that plant is only $10 per unit, their cost is $130,400. When the cost of manufacturing at each plant is added to the cost of shipping throughout the system the total is $296,310 + $130,400 + $194,060 = $620,770. If the company does not change its current distribution strategy the following quarter the distribution cost for the following quarter will be $620,060. 2. Suppose that the company is willing to consider dropping the distribution center limitations: that is, customers could be served by any of the distribution centers for which costs are available. Can costs be reduced? By how much? Min 3. x1 + 2. 22 + 4. 23 + 3. 94 + 1. 25 + 0. 36 + 2. 17 + 3. 18 + 4. 49 + 2. 710 + 4. 711 + 3. 412 + 2. 113 + 2. 514 + 6. 0x15 + 5. 216 + 5. 417 + 4. 518 + 6. 0x19 + 3. 320 + 2. 721 + 5. 422 + 3. 323 + 2. 424 + 0. 325 +0. 726 + 3. 527 s. t. : 1. x1 + x2 + x3 + x27 ? 30,000 2. x4 + x5 + x25 + x26 ? 20,000 3. -x1 + x6 + x7 + x8 + x9 + x15 = 0 4. -x2 x4 + x10 + x11 + x12 + x16 + x17 + x18 + x19 + x20 + x21 = 0 5. –x3 – x5 + x13 + x14 + x2 2 + x23 + x24 = 0 6. x6 + x16 =3600 7. x7 + x17 + x27 = 4880 8. x8 + x18 = 2130 9. 9 + x19 = 1210 10. x10 + x15 + x22 = 6120 11. x11 + x23 = 4830 12. x12 + x24 = 2750 13. x13 + x20 + x25 =8580 14. x14 + x21 + x26 = 4460 If Darby Company drops the shipping limitations and allows any distribution center to supply to any customer zone for which they have shipping information, their total cost would be reduced to $600,942, which is a savings of $19,828 or 3. 2%. By putting the above information into the objective function, the distribution plan without restrictions reduces the cost of shipping to $177,712 – a savings of $16,888. In addition, this new plan allows the company produce more of its meters at its more cost efficient San Bernardino plant – in fact, under this plan it produces at capacity, which is 20,000 units, meaning that its cost of manufacturing is $200,000. These units are then shipped to Las Vegas. The El Paso plant produces 14520 units for the Ft. Worth center and only 6740 for the Santa Fe center. The cost of manufacturing these units are $152460 and $70,770 respectively, making the cost at the El Paso plant $223,230. Adding all these costs together gives us the total cost as such: $177,712 + $200,000 + $223,230 = $600,942. This plan allows more than one center to supply to a specific zone and the solution shows that this is the case for the San Diego customer zone. The Santa Fe center supplies 620 units to them and the Las Vegas center supplies the other 3,840, satisfying their 4460 demanded units. In addition, this plan allows a different center to service customers if it is cheaper. Yes, the costs can be reduced if there were no limitations. They would be able to reduce it by $19,828 or 3. 2% compared to the model of limitation being used. 3. The company wants to explore the possibility of satisfying some of the customer demand directly from the production plant. In particular, the shipping cost is $0. 30 per unit from San Bernardino to Los Angeles and $0. 70 from San Bernardino to San Diego. The cost for direct shipments from El Paso to San Antonio is $3. 50 per unit. Can distribution cost be further reduced by considering these direct plant to customer shipments? In order to reduce costs even further, Darby Company could not only drop it’s shipping limitations, but also ship directly to its Los Angeles, San Diego and San Antonio customer zones. By doing this, Darby Company’s total cost will be $553,534 – which is a savings of $47,408, or 7. 9% from the limitation-free distribution system and a savings of $67,236, or 10. 8% from the original distribution system. Darby should definitely adopt this plan of allowing customer zones to be supplied by numerous distribution centers as well as shipping directly the aforementioned customer zones. Under this system, the San Bernardino plant again operates at full capacity, and ships 6,960 units to the Las Vegas distribution center and as also satisfies the entire demand at the Las Angeles and San Diego, which is 8,580 and 4,460 respectively. Satisfying these demands makes the manufacturing cost at the San Bernardino plant $200,000. Meanwhile, the El Paso plant produces 21,260 units in total, shipping 9,640 units to the Ft. Worth distribution center, 6,740 to the Santa Fe and 4,880 (all of the demand) to San Antonio, making the manufacturing cost $223,230. These manufacturing costs are the same as those in question #2, but the cost of shipping in this system that reduces the total cost. The shipping cost is only $130,304. This is because it is a great deal cheaper to supply directly to the customers in question, which is usually the case for all direct shipping and especially in this case as San Bernardino is much close to LA and San Diego than Las Vegas or Santa Fe, as well as San Antonio from El Paso rather than Ft. Worth. 4. Over the next five years, Darby is anticipating moderate growth (5,000 meters) to the north and west. Would you recommend that they consider plant expansion at this time? I would not recommend expanding production capacity for the moderate growth of 5,000 units. First of all, the El Paso plant is producing 8,740 units below their capacity, which could be used to satisfy an increased demand. This increased capacity can then possibly be shipped to the Santa Fe istribution center, which can service any customer zone. The plant capacity should only be expanded if the majority of the demand comes from the west, where it is cheaper to produce and ship from San Bernardino plant. If this demand is focused in the west, the current projects of shipping costs are only valid up to 20,620 units. This means production capacity would have to be expanded. The cost of expanding a plant should of course be weighed against the cost of shipping to determine whether it is worth it.

Critique Freud essays

Critique Freud essays Critique Freud - Strengths and Weaknesses. The study of the human mind will always have its complexities and its doubts on certain subjects. Like all psychoanalytical theories, it is impossible to prove beyond a doubt, and much easier to uncover its strengths rather than its weaknesses. Freud, like many psychologists that explored new theories, had much more room for criticism However, there are strengths that are very agreeable, since to many people he exhibited brilliance, and was a founder of many psychological theories. The low point of Freud which seems to stand out is that he only studied upper middle class women in the early 20th century. Many would argue that his conclusions were taken from a narrow point of view. All of his theories could never be proven, because there is no way to form any sort of concrete experiment. All of his terms were inferred as apposed to proven. There is also the thought that, since he is studying so much of the unconscious, isn't it true that he might unconsciously overlook something, or unconsciously focus too much on one aspect? After all, he is a human being with a mind just like the human beings in which he studied. Was it true that Michelangelo was unconsciously painting his mother in the Mona Lisa, or was Freud himself interpreting it this way because he unconsciously wanted it to be his mother? All of these ideas pose a problem in proving Freud's theories, and all have endless room for elaboration. It is true, however, that Freud's theories do make sense in observation. If you were to look at a young boy going through the Phallic stage, you would most likely find that he is very close to his mother. Freud himself put a lot of time into all of his studies, and was an observer himself. He inspired many others to follow in his footsteps, elaborate on all his theories, and use ...

10 Astonishing Facts About House Flies

10 Astonishing Facts About House Flies The house fly, Musca domestica, may be the most common insect we  encounter. But how much do you actually know about the house fly? Here are 10 fascinating facts about house flies: 1. House Flies Live Almost Everywhere There Are People Though believed to be native to Asia, house flies now inhabit nearly every corner of the globe. With the exception of Antarctica and perhaps a few islands, house flies live everywhere people do. House flies are synanthropic organisms, meaning they benefit ecologically from their association with humans and our domesticated animals. As humans throughout history traveled to new lands by ship, plane, train, or horse-drawn wagon, house flies were their travel companions. Conversely, house flies are rarely found in the wilderness or in places where humans are absent. Should humankind cease to exist, house flies might share our fate. 2. House Flies Are Relatively Young Insects in the World As an order, true flies are ancient creatures that appeared on Earth during the Permian period, over 250 million years ago. But house flies seem to be relatively young, compared to their Dipteran cousins. The earliest known Musca fossils are only 70 million years old. This evidence suggests the closest ancestors of house flies appeared during the Cretaceous period, just before the infamous meteorite fell from the sky and, some say, triggered the extinction of the dinosaurs. 3. House Flies Multiply Quickly Were it not for environmental conditions and predation, wed be overrun by house flies. Musca domestica has a short life cycle – just 6 days if conditions are right – and a female house fly lays an average of 120 eggs at a time. Scientists once calculated what would happen if a single pair of flies were able to reproduce without limits or mortality to their offspring. The result? Those two flies, in just 5 months time, would produce 191,010,000,000,000,000,000 house flies, enough to cover the planet several meters deep. 4. House Flies Don't Travel Far and Aren't Fast Hear that buzzing sound? Thats the rapid movement of a house flys wings, which can beat up to 1,000 times per minute. Thats no typo. It may surprise you to learn, then, that theyre generally slow fliers, maintaining a speed of about 4.5 miles per hour. House flies move when environmental conditions compel them to do so. In urban areas, where people live in close proximity and there is plenty of garbage and other filth to be found, house flies have small territories and may only fly 1,000 meters or so. But rural house flies will roam far and wide in search of manure, covering up to 7 miles over time. The longest flight distance recorded for a house fly is 20 miles. 5. House Flies Make Their Living in Filth House flies feed and breed in the things we revile: garbage, animal dung, sewage, human excrement, and other nasty substances. Musca domestica is probably the best known and most common of the insects we collectively refer to as filth flies. In suburban or rural areas, house flies are also plentiful in fields where fish meal or manure is used as fertilizer, and in compost heaps where grass clippings and rotting vegetables accumulate. 6. House Flies Are on an All-Liquid Diet House flies have sponge-like mouthparts, which are good for soaking up liquefied substances but not for eating solid foods. So, the house fly either seeks out food that is already in puddle form, or it finds a way to turn the food source into something it can manage. This is where things get kind of gross. When a house fly locates something tasty but solid, it regurgitates onto the food (which may be your food, if its buzzing around your barbecue). The fly vomit contains digestive enzymes that go to work on the desired snack, quickly predigesting and liquefying it so the fly can lap it up. 7. House Flies Taste With Their Feet How do flies decide something is appetizing? They step on it! Like butterflies, house flies have their taste buds on their toes, so to speak. Taste receptors, called chemosensilla, are located at the far ends of the flys tibia and tarsa (in simpler terms, the lower leg and foot). The moment they land on something of interest – your garbage, a pile of horse manure, or perhaps your lunch – they start sampling its flavor by walking around. 8. House Flies Transmit a Lot of Diseases Because house flies thrive in places that are teeming with pathogens, they have a bad habit of carrying disease-causing agents with them from place to place. A house fly will land on a pile of dog poop, inspect it thoroughly with its feet, and then fly over to your picnic table and walk around on your hamburger bun for a bit. Their food and breeding sites are already overflowing with bacteria, and then they vomit and defecate on them to add to the mess. House flies are known to transmit at least 65 diseases and infections, including cholera, dysentery, giardiasis, typhoid, leprosy, conjunctivitis, salmonella, and many more. 9. House Flies Can Walk Upside Down You probably knew that already, but do you know how they perform this gravity-defying feat? Slow motion video shows that a house fly will approach a ceiling by executing a half roll maneuver, and then will extend its legs to make contact with the substrate. Each of the house flys legs bears a tarsal claw with a sticky pad of sorts, so the fly is able to grip almost any surface, from smooth window glass to a ceiling. 10. House Flies Poop a Lot Theres a saying, Never poop where you eat. Sage advice, most would say. Because house flies live on a liquid diet (see #6), things move rather quickly through their digestive tracts. Nearly every time a house fly lands, it defecates. So in addition to vomiting on anything it thinks might make a tasty meal, the house fly almost always does poop where it eats. Keep that in mind next time one touches down on your potato salad. Sources: The Encyclopedia of Entomology, 2nd edition, edited by John L. Capinera.Encyclopedia of Insects, 2nd edition, edited by Vincent H. Resh and Ring T. Carde.Vector Control: Methods for Use by Individuals and Communities, by Jan A. Rozendaal, World Health Organization.Physicians Guide to Arthropods of Medical Importance, 6th edition, by Jerome Goddard.Elements of Entomology, by Dr. Rajendra Singh.Time Flies, a New Molecular Time-Scale for Brachyceran Fly Evolution Without a Clock, in Systematic Biology, 2003.

Gender Sexuality and Nationalism in the Early 20th Century in China Essay

Gender Sexuality and Nationalism in the Early 20th Century in China - Essay Example However, with the changes that were facing the country in the early 20th century, the aspects that were previously restricted increased in the number of cases and more people began engaging in different acts. One of the cases that had increased was prostitution that was more acceptable as with the fast growing population and city life people stated in engaging in the acts and although the men were also affected, the women were the most highly affected (Liu, et al 90). There was more premarital sexual behavior since the people that had moved to the urban areas did not believe in sticking to the same rules that restricted them before. There was also a change in nationalism as the state stopped being involved in every aspect of its people’s lives and due to the changes in the global setting, there were other problems that had hit the country. The state stopped looking at the state of affairs of marriages by individuals and as a result, there was increased freedom among the people . The state would however still involve itself in the problems facing the marriage if there was any violence or if the issue was brought to the attention of the state. The state and the people had started changing their previous beliefs and they were slowly integrating the modernity model into their lives that brought with it other sexual behaviors. Masculinity and femininity are also important aspects that were slowly changing in China as the old and patriarchal systems were changing although at a slow rate.

Mind body issue Essay Example | Topics and Well Written Essays - 1000 words

Mind body issue - Essay Example One of the most important questions asked is whether the mind is part of the body or the body part of the mind. What makes the two connect or interact with each other if at all they are distinct? This also makes many wonder, which one should be in charge in case of distinctive existence. The question requires proper understanding and argumentation because every point of view has a logical explanation. The main aim is to ensure that the process of determining this will meet the main attributes of the relationship, explaining everything based on the theories put forward to explain this relationship. The mind and the body are two distinct attributes that casually interact at given times for the sake of performing bodily activities. Descartes is one of the proponents of dualism and pointed out clearly that the mind was the consciousness that existed within an individual. Unlike the brain, which was the source of the intelligence individuals possessed, the mind was an attribute that defined and determined the thought processes of a human being (Squire 20). The main reason for taking a dualistic stand is the fact that the mind has a different functionality in comparison to matter. Mind has a conscious attribute that cannot not reduced to physical attributes despite the number of times studies are conducted on it. A proper organization of matter allows for emergence of mental properties (Kim 40). The mind will only react to that which it sees as appropriately connected to the way it operates. This means that the mind will not come to full action when it perceives something is not okay. When someone is sick, the body has some deficiencies. The body will not operate well and the mind will be unresponsive in that are a. For example, if one has leprosy, the body goes numb and no thought process can make that part of the body to have any form of functionality. The mind will work on

E-tendering implementation best practice

E-tendering implementation best practice Chapter 1: Introduction 1.0 Research title E-Tendering Implementation: Best practice 1.1 Abstract E-Tendering is a web tendering service offered on a pay-per-tender basis where allows clients and their consultants to run tenders through a secure website. But not all the countries involved are fully implemented e-Tendering. They are only implementing e-Tendering at certain stages. This research is carried out to study the best practice in the implementation of e-Tendering worldwide. The anticipated findings are each countries involved are not fully implemented e-Tendering because of certain problems and constraint. The benchmark was developing for the best practice of e-tendering. This research will narrate for government and construction industry itself where it stands in terms of e-Tendering implementation compared to its peer countries. Introduction Construction industry all over the world have demonstrated the need to improve the service delivery and being able to handle issues swiftly and satisfactorily. The advent of Internet Technology has made it possible for authority of construction industry to transform themselves by offering traditional services especially tendering process through online. Tendering is considered to be one of the fairest means of awarding government contracts and the method most likely to secure a favourable outcome for a government in its spending of public money. The basic principles of the tendering process have been applied to many business areas, such as purchasing goods seeking service providers, business consulting, or the selection of main contractors for construction work. With the expand and spread of Information and Communications Technology (ICT) in world and this country, government of Malaysia under Public Works Department (JKR) collaborate with Construction Industry Development Board (CID B) to implement the National E-Tendering Initiatives (NeTI) program. E-tendering program will provide all tendering process through online. At this stage, JKR and CIDB implement e-tendering for government construction project only. According to Royal Institute of Chartered Surveyors, e-Tendering is a Web tendering service offered on a pay-per-tender basis. E-Tendering allows clients and their consultants (buyers) to run tenders through a secure website. It offers a simple, secure, standard, efficient and cost effective way to manage tenders online. It provides a major opportunity to replace existing paper based procedures and achieve significant cost savings, while producing a more efficient and reliable process. Use of the system is charged on a per tender basis to buyers, there are no subscription fees. Use of the system is free to contractors (suppliers). This reason bring to government of Malaysia and countries over the world to use and implement e-tendering, which offer a simple, secure, standard, efficient and cost effective and also can avoid corruption. That means contractors all over the country can register and get tender through online and do not have to use the traditional tender process which is pa per-based, more costly and sometimes bias tender awarded. Problem statement Most of the developed and develop countries have their own channels to publish the notification of tenders through the Internet, which are displayed in their official websites. However, implementation of electronic tendering is not complete in the reality world because of certain barriers and problems. In Malaysia, the tendering process is still based on manual activities even though they have National E-Tendering Initiatives (NeTI) program, which website program that conduct tender process through internet. In the current situation, government of Malaysia only advertises their tender through online. When looking entire the world, same situation of e-tendering implementation happens. Many countries like India and Singapore conduct and organize tender process through online in the half way. Different countries have their different nature of technology and construction industry. In UK, e-tendering is already implemented in the most efficient manner. Player of construction industry in UK, especially contractor, they have enough technology and equipment to adopt e-tendering. Now the question is what is the best practice to adopt e-tendering in present time? Benchmarking best practice need to develop to give some guideline to the develop countries what is the best way to implement e-tendering. Researcher recognize that most of people are tend to do benchmarking in IT and supply management but lack of study in benchmarking the best practice of e-Tendering. So the gap of knowledge must be filled and explore to produce the new findings that might be give benefits to people and construction industry itself. For above statement, this research has explored the best practice of e-Tendering implementation in few countries. This research has identified e-Tendering processes involved and compares it with each country selected. By the end of this research, the best practice of e-Tendering implementation is recommended for the benchmark. Aims This research is carried out to study the best practice in the implementation of e-Tendering worldwide. Objectives To identify the countries in the world who have implemented e-Tendering To study compare the best practice of e-Tendering implementation as identified above. To recommend the best practice of e-Tendering implementation. Research questions What countries that already implemented e-Tendering in their construction industry? What are the processes of e-Tendering? Are they fully implemented e-Tendering in their construction industry? What is the best practice of e-Tendering for their construction industry currently? Research methodology Literature review In order to provide good background information of the study area, literature review is very important. Literatures reading were carried out to collect all information and studied to get better understanding about e-Tendering implementation in Malaysia and others countries worldwide. All the sources are collected from internet, journals, books, past master thesis and dissertation related to this topic. Desk study All the sources are analyse and make interpretation. From literature study, data were collected and distinguish what are the needs in this research. Quantitative interpretation is the main method to carry out this research which based on data and more relevant with the current issues. Significance of research This research is about best practice of e-Tendering implementation worldwide was done for the following major reasons: The Malaysia government needs to know where it stands in terms of e-Tendering implementation compared to its peer countries to mark its current progress of milestone achievement. Malaysia construction industry needs to know with their current status e-Tendering implementation compare to others countries. Benchmark for e-tendering is very important to recognize the best practice of e-tendering implementation worldwide. To discuss the current status e-Tendering worldwide. Overview of content Chapter 1: Introduction Chapter 2: An overview on conventional tendering Chapter 3: New version of tendering system- Electronic Tendering Chapter 4: Methodology Chapter 5: Case study discussion Chapter 6: Recommendation conclusion

Ethics Team Case

The auditor discovers that the manager in question, referred to as Charles, is exclusively responsible for setting bonus targets for himself and his department. This alone poses a red flag in the mind of the auditor.In particular is the simple fact that a manager should not be solely responsible or the distribution of bonus targets for his own gratuity. Furthermore, a fundamental element of internal control was not in play. This could give rise to a conflict of interest and overlook a segregation of duties. Following protocol, the auditor brings the issue up to senior management of the accounting firm who concurs that there is a potential issue and requests the auditor to pursue another meeting with Charles. Ultimately, it is determined that there is a noteworthy statement of error on the bonus accruals that will need to be reaffirmed.This will also be filed with the Securities and Exchange Commission (SEC). There is little doubt that this will be a poor reflection on the performance of Charles and may even lead to further ramifications. The auditor's manager is in agreement with this restatement until he learns that the manager that was audited was Charles. The accounting firm manager and Charles are friends outside of work and, from what we can gather, are close with each other's families as well. Immediately pressure is put on the auditor to reverse course and hold off on any formal restatements.With insinuations from the auditor's manager that filing any restatements against Charles or his department would be detrimental to her performance review, the auditor is now faced with a career changing decision. Her performance review and future with the company is at the discretion of her manager. More importantly, by correctly reporting the misstatement, she will guarantee a poor review and possibly a termination of employment. Placed in a compromising position, the auditor's loyalty is questioned. To whom does she owe her loyalty in this situation?As a Certified Public Accountant, there are certain calls of duty, a Code of Ethics to the profession, the obligation to the Organization, and the general financial stability of the marketplace. More importantly, a performance of one's responsibilities in identifying potential misstatements that prevent false or misleading information is proper protocol. In addition to these allegiances, there is the question of obligation that the auditor has to her direct supervisor; who, in this instance, is asking her to ignore duties to the firm and her professional association.We will examine several alternatives that the auditor could choose while being put in this precarious position. Ultimately we will arrive at what we determine is the cost appropriate decision among the alternatives and will argue that decision with ethical concepts we have learned throughout the semester. Alternatives and Measurements With further evaluation of the case, it is evident that the relevant stakeholder is the young auditor working for the large accounting firm. She is faced with decisions regarding her career, her loyalty to the company and manager, and her profession as a certified public accountant.The auditor is faced with various alternatives that can be leveraged to alleviate the compromising situation that she has found herself to be in at this time. It is clear that one alternative will ultimately hold itself morally superior than the other alternatives, but careful analysis relating to general moral theory is needed to appreciate the arguments. As determined by our team, the auditor is faced with four alternatives to benefit the current situation that she finds herself in.Below is our thorough analysis of the four alternatives, which eventually leads to the morally superior choice. As an auditor, this individual is faced with a precarious situation that has the potential to make or break her career as a Certified Public Accountant. Together, as a team, our first identifiable alternative to th e situation is for the young auditor to ignore the situation entirely. Kant thinks that the validity of morality depends on the freedom of the will and conceptually, a duty, and is certainly achievable (Discarding,J & McCall, 2014).Given this rationale, we have learned that the individual's manager has strongly encouraged the auditor to ‘indoor on other things and to move past these questionable findings† (Case 1). If the auditor simply conceded to the managers requests, she would ultimately assert herself to the belief that there is generally no laid or required moral standard. Relativism is a greater title. It is not what people do believe, but what they should believe. Imposing ones moral beliefs on another is wrong, especially if the belief is categorically immoral.Seeing that the auditor's manager has a direct relationship to Charles and his family clouds his judgment, but according to moral theory, it is not wise for the auditor to levy her beliefs on the situation . Turning a blind eye in the face of adversity is something that is not normally celebrated by individuals, but relevant to the young auditors career, it may have been the only viable Option at that time. Her direct manager has threatened the auditor indicating that by failing to let this go, her year-end performance review will be compromised (Case 1).The potential consequences could be debilitating and end her career as a Certified Public Accountant. The performance review was critical. It was duly noted that if one does not get promoted according to the firms regulated progression schedule, they are likely not to have a job after performance roundtable (Case 1). This could very well have been the only realistic alternative that the young auditor sensed at the end of the discussions. Collectively, as a team and contrary to the aforementioned option, we arrived at another credible alternative to the situation; asking a similar manager with unbiased views for his/her opinion.The aud itor states in the case that her direct manager was friends with Charles and did not want to see Charles ultimately come under scrutiny for his self-imposed bonus payout practices. With a willingness to review the matter at hand, managers sharing the same fiscal responsibility as the young auditor may appreciate the gravity of the situation. We looked to this alternative as a viable method of creasing the possible effects facing both Charles and the young auditor's manager.We can only assume and, therefore, hope that the other manager would see the â€Å"ethical implications† regarding the bonus payout made to both Charles and his employees. The correlation of basic rights holds important implications to this alternative by protecting the rights of persons in pursuit of the common good (Discarding, J & McCall, 2014). Most of us are committed to the belief that some individual interests should be protected from actions aimed at improving the good for all, that this is not alwa ys sufficientjustification for sacrificing the interests of the few.Individuals have rights that should not be sacrificed merely for satisfying the preferences of a majority (Discarding, J & McCall, 2014). If the auditor hydration had determined that Charles' actions are questionable at best, she has the right to bring it to the attention of another person other than her direct manager. This foundation relies on the fact that he was willing to do nothing in relation to the impropriety at hand. Basic rights are positive rights as well as duties (Discarding, J & McCall, 2014). They impose affirmative obligations to help secure another's interests.We can see as a team that it is necessary for the young auditor to evaluate the positive rights and duties as related to these alternatives. Besides the reinforcement of proper auditing procedures, the ill benefits of monies allocated to Charlie could further service the company or to other hard working employees. The positive duties can be s hared among players, in this case between the auditor and a similar manager; therefore it is obvious that the auditor can use this as an option to share her thoughts arising from Charles' duplicitous bonus practice.While involving others can somewhat be frowned upon in certain professional situations, we find that, given her hefty predicament, it is a necessary alternative for the young auditor going forward. As a team, we have two alternatives to the young auditor's current situation. Based on ethical theories and the current situation, our third alternative is relevant to the young auditor's mandatory decision process. General moral theory lends itself to the argument of theories, utilities and rights. Morality is a layered definition that lends itself to specific judgments and the obvious action that that the option is morally wrong.They can be determined as mid- level rules and/or basic principles, most notably a Certified Public Accountants Code of Ethics. We recognized the har mful consequences that could possibly be incurred by the bonus payouts for Charles and his team. Stated in the case are the facts that not only was Charles â€Å"responsible for setting the performance targets required for a bonus payout to both the employees in his department and himself,† but the auditor had also â€Å"quantified the bonus accrual to be misstated by several million dollars† (Case 1).In accord with the Utilitarianism argument represented in general moral theory, this misstatement directly relates to harmful consequences for both the individuals and society. When part of a large Fortune 500 company, financial statements are disclosed with the Securities Exchange Commission. Incorrectly reporting the financial not only places ramifications on the individuals responsible, in this case the auditing team and pertinent individuals from the company being audited at the time, but it relates directly to the stockholders of the company.Incorrect financial state ments can cause detriment to society as a whole seeing that investor's in the company would potentially be investing in a company that was misstating their financial for gain. As a team we decided that the cost/benefit analysis involving this situation was significant enough not to be overlooked. When faced with situations where the competent way of achieving one's goals and objectives jars with moral values, a person needs to ask herself why should one be ethical? The power to tackle the confusions produced by the leading view of management is the appeal of stakeholder theory.The theory suggests that a fundamental oral principle to bear on corporate activities; one that requires managers to acknowledge all that corporate stakeholders have equals their moral status. In addition, they are to acknowledge this status in all of their activities (Discarding, J & McCall, 2014). A Utilitarianism argument actually supports the stakeholder theory since it compels that managers take everyone' s interest into account, not just the stockholders. Ultimately it maximizes happiness and encourages interest satisfaction for all concerned in the situation (Discarding, J & McCall, 2014).Evaluating the decision and policy as to whether it increases utility for all that can be affected while defining the stakeholder, the young auditor faced with this problem would have no option but to let all relevant parties know the general misconduct affirmed by the company and choose to let senior management evaluate the egregious acts. Utilitarianism as learned benefits the â€Å"common good† and when relating the financial statements to larger portfolio of stockholders for the company, it seems necessary that this alternative is sustainable.We will be, more than likely, exposed to unethical behaviors in all venues of the business world. But, virtue has its own reward. There are countless, truthful ways that the young auditor can approach her ill-fated circumstances, but sometimes a pe rson could be uncovered to barriers that are beyond control. In order for a leader to inspire others, they need to lead by example. Good leadership takes strength of character and a firm commitment to do the right thing based on your moral code. Therefore, another alternative would be to release herself from the duties of the company.Ethics are normally concerned with moral responsibilities or with Inquiries linking to what is right or wrong. The actions of supervisors, what resolutions they pursue, and what actions they take are all touched by ethics. In any given setting, what a supervisor observes as â€Å"right' instinctively affects his or her actions and the actions of the employees. Moral standards are the consequence of shared strengths and human understandings over hundreds of years. For example, society condemns cheating, lying, and stealing. However, the application of ethics is an individual consideration.Do you or do you not follow moral standards when dealing with oth ers? Are you aware of a moral code and, if so, how do you interpret it? Differences in awareness and interpretation of ethical standards create many problems. To demonstrate, when does a deed consent to the domain Of righteous self-interest and become personal deceit? Does the fact that a person was not disciplined for a certain action make it acceptable? Not being reprimanded may be why Charles did not change his tactics. All too often, actions are justified based on the means used or based on the ends accomplished.That is, do we hold an act to be morally right on the basis of the means used or on the basis of the end result? One might reason, for example, that the act of lying if it achieves positive results, is acceptable? Conversely, one might consider any action that employs ethical ways to be perfectly justifiable regardless of the outcome. A person's inclination to protest with a company's ethical standards demonstrates their moral code and usually is fixed and consistent acr oss all frameworks. Business ethics will believe your corporate image what you portray it to be.The ethical imprint you leave with others dictates in volumes about your personality. The team came to an abrupt realization that sometimes in business, in order to safeguard your corporate presentation ND image, surrendering your duties may be the only feasible choice. The Morally Superior Alternative Looking through the mission, vision, or value statements Of most corporations, you will observe that nearly every company comprises a statement about integrity; a soundness of moral character. After all, integrity should be the basis for doing business.Moreover, a person does not want to work for a company that exemplifies dishonestly to their employees. However, simplicity has its conquests. Rationalizing a situation to legitimate its integrity, reliant on corporate policy, can be difficult. Acceptable practices f defining integrity require personal judgment and value statements are intend ed to be reminiscent that corporate responsibility of integrity is shared as a culture. With our team's values being represented as such, the analysis of all four probable decision alternatives guided us to choose the morally superior alternative.Ultimately we have decided that a marriage of two alternatives is the superior option for the young auditor. Whistle blowing on the situation, while simultaneously looking for employment elsewhere at a firm that respects an individual's moral code represents itself to us as the viable option. The ethical action is tone that provides the greatest good for the greatest number (Discarding, J & McCall, 2014). By disclosing all pertinent facts to proper personnel, including the SEC, and retiring her position from the firm, the auditor can maintain her integrity and ethical behavior in her professional career.The general moral theory concepts are outlined below as substantiating evidence for our decision. . Our approach was gained in the analysis . Realizing that there was a problem, we came to the realization that the young auditor was facing a moral and atheistically or moral problem, en being the rules Of conduct recognized in respect to Charles' actions and the latter being the personal compass of right and wrong with Charles and the auditor's supervisor. The ethics are governed by loosely fitting professional guidelines where morality surpasses these cultural standards.Given these external standards provided by the organization, one's morals may be influenced. Milton Friedman believed that all a business has to focus on is to use its resources and make profit. However, even he believed that the business needed to stay with the rules of the game (Discarding, J & McCall, 2014). Turning a blind eye on the situation, selecting another supervisor to analyze the facts, ceasing employment at the company, or to taking drastic measures and blowing the whistle on the covert relations, are all options that the young auditor can ta ke.But, in which direction does her moral compass point? Can she live with her decision to do nothing about it? The threat of disclosing information to another supervisor can result in further repercussions of her job performance, hence, her forced early termination. As an auditor, you accept a Code of Ethics that states the principles and expectations governing the behavior of individuals and organizations (International Ethics Standards Board of Accountants, 2013). This impartial declaration is designed to add value to one's self and the organization that they represent.It is founded on principles of integrity, objectivity, confidentiality, and competency. Internal Auditor's principles recite that acting with due diligence and responsibility while observing the law and not participating in activities that may impair unbiased assessment of information relevant to professional judgments are what shapes the formation of the elite auditor. Auditors are to provide judicious guarantee a bout whether the financial statements are free of material misstatements, resulting from error or fraud.Their failure to support the opinion that they have filed is one's responsibility. The synergistic relationship of business and society calls for ethics in these practices. Neither of these groups could succeed without the faith of the other (SABA, 2014). The team has used this honorable set Of principles to forgo a coalesced decision moving forward. Sometimes it is easier to form opinions outside the realm of things. However, taking the morally superior alternative would be to honor the given principles that one's profession dictates.We have come to realize that, the auditor's company does not demonstrate the doctrines of trust and honesty. There are certain standards that which we strive for complete maturity of our morality. Through considerate thought on what kind of persons we likely want to become, the Virtue Approach enables us to act in ways that develop our highest potent ial. They allow us to follow the models we have embraced; honesty, courage, compassion, integrity, and self-control. Virtues are like bits, once learned; they become illustrative off person.A person who has recognized these virtues will naturally be ready to act in ways that are sound with moral principles. That being said, the virtuous person is the ethical person. The young auditor, we feel, is that ethical person who should reveal all pertinent information through the proper channels and look for employment elsewhere. Thereafter, terminating her position from her current place of employment will be the key that will open the moral lock and give her the ability to distance herself from all unethical behaviors.This case provided an interesting challenge demonstrating various ethical solutions that the team could have embraced. Eventually, the team made the recommendation based on a moral code of human society and professionalism. The auditor's Code of Ethics represents the ethical steps to her future excellence in the corporate world, but more importantly, for herself.

Solving Multi Criteria Decision Making Problems - 1278 Words

There are several methods to solve multi-criteria decision-making problems. Analytic Hierarchy Process (AHP) and Analytic Network Process (ANP) are two methods created by Tomas Saaty. AHP endeavor to solve the decision making problem by formed it in a hierarchy while ANP is used when the problem is so complex that cannot be formed as a hierarchy. This complexity happens because of the effect of criteria between each other or the effect of alternatives on criteria. Generally we can say The Analytic Network Process is a generalization of the Analytic Hierarchy Process. The ANP approach can be comprises in to four steps [87]: Step 1: Model construction and problem structuring: The problem should be stated clearly and decomposed into a rational system like a network Step 2: Pairwise comparisons and priority vectors: In ANP, like AHP, pairs of decision elements at each cluster are compared with respect to their importance towards their control criteria. Furthermore, interdependencies among criteria of a cluster must also be treated pairwise; thus the influence of each element on other elements can be represented by an eigenvector. The relative importance values are determined with Saaty’s nine scales. Step 3: Supermatrix structure: the Supermatrix concept is similar to the Markov chain process. To obtain global priorities in a system with interdependent influences, the local priority vectors are entered in the appropriate columns of a matrix. As a result, a supermatrix isShow MoreRelatedMulti Criteria ( Or ) Attribute Decision Making ( Mcdm / Madm ) Essay1076 Words   |  5 PagesMulti-criteria (or) attribute decision making (MCDM/MADM) methods have very high applications in industries for solving real world engineering problems. In the present work, MCDM methods of weighted sum method (WSM), Weighted Products Method (WPM) and TOPSIS, have been employed for the computational analysis of multi-responses. 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Survival of the Fittest - 1409 Words

Survival of the fittest. This idea, also known as Darwinism, was theorized by scientist Charles Darwin to explain the evolution of animal species. In the late 1800s, however, the idea of Social Darwinism emerged and applied the same concepts of Darwinism but on humans not animals. As defined by the dictionary, Social Darwinism is a belief, popular in the late Victorian era throughout the world, which states that the strongest or toughest should survive and flourish in society, while the weak and unfit should be allowed to die (â€Å"Social† 1). Science fiction writer H.G. Wells lived when the ideas of Social Darwinism were at their peak. He was able to see firsthand what effects Social Darwinism had on the world, and he was by no means†¦show more content†¦The narrator states, â€Å"The Time Traveller hated to have servants waiting at dinner† (13). The Time Traveller has servants, as if he were an Eloi. Wells’ too is an Eloi. Even though he was in the upper class, Wells was an outspoken socialist during his life. He saw problems in the capitalistic, Darwinistic society in which he lived, and through â€Å"depicting the end of the world as being empty of human life, Wells is demonstrating the ultimate failings of a Capitalistic society† (Parrington 9). In Wells’ mind, Capitalism eventually causes the demise of humankind because of the inevitable division of society it creates. In the end, there will be a major rift between the two classes: the pleasure seeking, leisure loving upper class and the overworked, underprivileged working class. Wells grew up surrounded by those he most despised and has an â€Å"ambivalent attitude towards the leisure and proletariat classes† (Hennelly 1). Before he became famous for his science fiction novels, Wells had trouble gaining acceptance from the upper class society because he lacked the credentials and success to enter (Costa 12). 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