Private Banking

Question: Compose a report on thecredit suisse. Answer: Presentation Foundation of Credit Suisse Credit Suisse Group is one of the Swiss worldwide money related administrations Holding Companies. It is headquartered at Zurich and targets working Credit Suisse Group just as other money related administrations simultaneously (Weygandt, Kimmel and Kieso 2012). This specific bank sorted out in method of Stock Corporation in four divisions like speculation banking, private banking just as Asset the board and Shared administrations Group. It enjoys giving promoting just as help in significant three divisions. Credit Suisse Group vows blame in lawful offense just as arrives at various legitimate settlements in United State Securities and Exchange Commission simultaneously (Shim, Siegel and Shim 2012). Resource under Management of Bank of Singapore Credit Suisse resource under administration ascends to US $ 2.4 trillion in the year 2014. It is solid investigation with 30% development level sooner rather than later. Most definitely, it gets generally from positive resource streams that emerge from Asia development dynamism for future examination reason (Kapil 2011). Credit Suisse searches for development openings in method of auxiliary patterns for possible change if there should arise an occurrence of advantage the executives business in a general way. Asia long haul monetary perspectives supports by ascent of urbanization just as strategy drove changes and expanded money related reconciliation. This specific bank guarantees riches gathering just as leads towards incredible interest for picking up venture arrangements. Asia monetary advancement proceeds for pulling in universal speculators in the most suitable way. It is fundamental for beware of speculators chance return desires for future assessment in wanted structure (Horng ren, Harrison and Oliver 2012). Low-yield condition contribute in expanded prevalence if there should arise an occurrence of multi-resource just as situated systems in a compelling manner. Speculators request is financially savvy in nature just as broadened portfolios offering portfolios returns. Credit Suisse geographic blends for expanded dangers organization. It fluctuates hungers if there should arise an occurrence of capital market exercises for bringing dangers up in more than one bank. It takes out consideration in financing structure in higher enthusiasm for future examination reason. It has extraordinary difficulties in connection with Basel III capital derivations simultaneously. Credit Suisse grows cross-fringe exchanges for bigger presentation. It revels lower portion of advances if there should arise an occurrence of banking markets for higher dangers in Singapore. It brings down presentation in nation related dangers in examination with different Swiss monsters in the most proper manner (Cohen 2012). It diminishes unpredictability as brought about development of uninvolved speculations just as shrewd beta portfolios. Budgetary innovation rises possible ways for customer upgrade interface just as venture choices. It upsets released new contestants in method of prevalent plans of action simultaneously (Shim, Siegel and Shim 2012). Tasks, center and land nearness of Credit Suisse Acknowledge Suisse prospers as an account place as worldwide notoriety in the overhauling in household economy in Asia-pacific locale (Greene 2012). Banking industry plays a key player in nation monetary markets fragment just as most grounded on the planet. Private Banking is considered as particular financial administrations that provide food towards affluent people just as families. Private financiers helps customers in oversees riches by giving advices just as altered administrations simultaneously. It improves speculation profiles just as money related targets in the most fitting manner. It commits Asian Management Team and offers Credit Suisse with speculation guidance, loaning, protection just as riches organizing and home trust arranging simultaneously. It requires dynamic cooperation for everyday administration of riches just as enabling group of money related experts for pre-concurred destinations. This administration makes people for looking for contributing least of US $2 million (Shim, Siegel and Shim 2012). Worldwide private financial industry Freedom of banking area In the year 1999, MAS propelled five-year advancement bundle in fortifying financial framework just as improving Singapore notoriety for worldwide money related focus (Fischer 2011). These measures giving new class or full financial licenses called Qualifying Full Bank (QFB) licenses to remote banks. It increments confined banks just as gives seaward banks in more noteworthy adaptability in Singapore Dollar discount business. It sets out courses in improving corporate administration rehearses for future investigation administrations. reason. It takes 40% outside shareholding limit if there should be an occurrence of nearby banks for lifting reason. Freedom started in the year 2001 if there should arise an occurrence of confined banks at the hour of renaming in the discount banks for improving intensity in retail banking. It gives benefits in setting up areas and obligation organizing and exceptional record. Qualifying seaward banks requires in organizing redes igning in discount banking status. It enjoys union of neighborhood banks for positive adjustment just as assuming crucial job sooner rather than later. It requires giving flexibility just as dependability in the financial framework at the hour of money related emergency (Edmonds, McNair and Olds 2013). Piece of the pie of Credit Suisse Figure: Market portion of Credit Suisse (Source: Shim, Siegel and Shim 2012) Principle highlights of the market Administrative and consistence system (Privacy, Secrecy and Discretion) Credit Suisse gives certain legitimate structure if there should be an occurrence of banking oversight in Singapore. In the area 7, statute primarily gives chief capacity in the financial expert for advancement of general soundness just as powerful working of banking framework all in all. It requires looking for foundation of administrative structure in arrangement with global norms (Davies and Crawford 2012). It is fitting for instance of Banking Supervision by Basel Committee. The primary goal is to want certain prudential administrative framework. It takes part in safeguarding of general solidness just as useful operational of bank framework at the comparable time. It helps in on condition that enough flexibility if there should arise an occurrence of authentic establishments in attempted productive choices in a general way. Monetary highlights of private banks Credit Suisse is one of the main worldwide private banks just as riches supervisor in connection with unmistakable interest in banking capacities all in all. Its principle system is to fabricate Credit Suisse as center budgetary qualities. It leads in worldwide riches director in pro speculation banking abilities for solid nearness in home market in Switzerland. Credit Suisse embraces adjusted methodology in catching riches the executives openings in developing markets in Asia Pacific district. It fills in as key created markets with exceptional accentuation in Switzerland (Brown and Lanier 2012). Security of Credit Suisse Credit Suisse submits in keeping up security of current just as previous and planned client. This organization perceives depended individual data just as securing obligations in shielding data. This organization gathers data from yearly reports just as offers benefits as offered by Credit Suisse. It records calls in connection with lawful just as administrative commitments if there should arise an occurrence of Credit Suisse. FICO score organization in Moody Investors administrations for contrasts in and around Singapore. Credit Suisse gives security and mystery in FICO scores for future examination reason. It displays extreme financial nuts and bolts named as sound resource greatness just as excellent resources sufficiency level and solid subsidizing for liquidity profile in the lion's share proper way. It brings about standard credit appraisals in worldwide structures (Cohen 2011). Mystery of Credit Suisse Credit Suisse grows cross-fringe exchanges for bigger introduction. It revels lower portion of advances if there should arise an occurrence of banking markets for higher dangers. It brings down presentation in nation related dangers in correlation with different Swiss monsters in the most fitting manner (Cohen 2012). Credit Suisse presents extraordinary difficulties in capital sufficiency in forthcoming years. It faces huge conclusions in the CETI capital in the speculation for Great Eastern in little findings. Basel III standards are received in Singapore banks in the event of non-united protection auxiliaries (Scott 2012). Caution of Credit Suisse Capital Market Activities-These displays low hunger if there should be an occurrence of capital market exercises. Credit Suisse has higher piece of the pie in the event of exchanging gains just as profit per share beyond what many would consider possible (Weygandt, Kimmel and Kieso 2012). Credit Suisse has higher loan fees just as gangs more prominent beneficial outcome in income per share. It owes towards higher offer in low-yielding client stores in the most suitable manner. It reports bank profiles in ward of factors money related execution in the protection arm for Great Eastern Holdings (Shim, Siegel and Shim 2012). It guarantees unpredictability properties if there should be an occurrence of higher rates in positive money related execution of Great Eastern. It primarily guarantees extra security okay methodology in relationship with level of unpredictability for future investigation reason. It enjoys complex bookkeeping rules in the event of protection fragments going from 5 to 32 percent in the last quarters (Choudhry 2011). Monetary targets Credit Suisse expands pay before charges in Asia Pacific with 2.1 billion in the up and coming years 2018 Credit Suisse targets expanding pay before charges in International riches the executives with 2.1 billion in the year 2018 Credit Suisse targets developing pay before charges in the event of Swiss Universal Bank with 2.3 billion in the year 2018 Credit Suisse expects diminished outright cost base from cost reserve funds quantifies simultaneously. It accomplishes

Progressive Era Essay -- essays research papers

From president Roosevelt turning into a veggie lover to the marking of the Treaty of Versailles, the dynamic period, international strategy, and World War one were significant pieces of United States history. The dynamic development was brought about by trade guilds and the presidents’ dynamic plans. World War one and Open Door Policy caused the American Foreign Policy. This from various perspectives helped shape and increment American force in the mid twentieth Century.      The dynamic development was an exertion made to help make America to be more secure and improve the economy. Social Welfare and African American rights where things that improved during the dynamic time. Political race Reforms began to change so it would give more capacity to the individuals rather than the administration. The food business was an exceptionally sickening industry in those days and it was terrible to such an extent that when a man named Sinclair Upton composed a book called The Jungle about it, it change the president into a veggie lover for a half year until h thought of the Meat Inspection Act. Trade guilds, for example, Knights of Labor and the A.F.L., began to increment in size since individuals needed to have better employment conditions. Strikes developed wherever in the United States that helped activity situations to improve. A significant strike was in Chicago called the Haymarket Strike that turned the individuals against work development beca use of police mercilessness. President Roosevelt concocted an arrangement called the Square Deal, which utilized â€Å"Trust busting† and gave more powe...

Discuss the nature of dyslexia and implication for identification and Essay

Examine the idea of dyslexia and suggestion for distinguishing proof and assesment - Essay Example It is to be recollected this is simply just a single part of the working definition, and this issue is tricky as in there are many varying suppositions about the meaning of this issue in the writing, thus numerous other various definitions exist. What all laborers around there acknowledge originates from The Department of Education and Skills in their Framework for Understanding Dyslexia advise on hypotheses and ways to deal with dyslexia. In it they have introduced a reasonable way to deal with characterize dyslexia. Albeit actually, this word implies trouble with words or language, this strict importance doesn't absolutely apply to the confusion of dyslexia by any means. The facts confirm that there are numerous explanations behind trouble to learn, read, or compose. For these people, these troubles don't appear to be so effectively reasonable (DfES, 2004, 5). It has consequently been characterized by them as a particular trouble, ordinarily portrayed by a strange parity of abiliti es. Dyslexia influences data preparing (DfES, 2004, 5) in all the structures, accepting, holding, recovering and organizing the data and this speed of data handling turns out to be exceptionally lazy (DfES, 2004, 5). Abilities, for example, perusing, composing, utilizing images, and completing figurings are on the whole subject to data preparing arrangement of the human cerebrum. ... In this way, it is beneficial to inspect the definition that is for all intents and purposes used while controlling custom curriculum to these individuals. The Special Educational Needs Code of Practice alludes to explicit learning challenges in an area considering 'comprehension and learning'. The Code states: 'Kids who exhibit highlights of . . . explicit learning challenges, for example, dyslexia . . . require explicit projects to help progress in cognizance and learning. . . . A portion of these kids may have related tangible, physical and social challenges that intensify their requirements' (DfES, 2001a, 7: 58). In this setting it is of most extreme significance to recall that it isn't identified with knowledge and may happen in various structures, mellow, moderate, and serious. Subsequently, their individual profiles change from one another, with each having their interesting qualities and shortcomings, and in this manner uniqueness. In this task, the idea of dyslexia will be t alked about in a more prominent detail in the accompanying passages so these characteristics can be utilized for ID and appraisal of this issue. Nature With proceeding with examination into the territory, there has been extensive advancement in distinguishing the reasons for dyslexia so successful intercession could be intended to break into the pattern of disappointment (Fawcett, 2001, 25). This advancement has been huge since the typically dismal standpoint in such people is not, at this point miserable. It has been noticed that the stage is set for undertaking aggressive, multi-disciplinary, multi-point of view ventures planned for reclassifying the field of dyslexia and learning challenges as the field of learning capacities

mythology essays

folklore papers The subject of folklore manages the idea of fight, or great versus abhorrent. In this battle numerous people are singled out for either the insidious they cause, or from the great they bring to individuals. At the point when you notice legends in folklore, there are two particular names that a dominant part of individuals raise, those names are Achilles and Hercules. Achilles was destined to King Peleus and the ocean sprite Thetis. Soonafter Achilles was brought into the world his mom plunged him in the River Styx, she was told, by doing this, that the water would make all aspects of his body that it contacted powerful. Much to her dismay that the one piece of his heel which he was held by would not contact the water. At the point when Achilles mother got some answers concerning the war in Troy between the Greeks and the Trojans she didn't need her child to battle since she realized that he would in the long run be murdered there. The way that she attempted to preventhim from going i nto the military was to conceal him among the ladies of the court sothat he was unable to be convinced by his dear companion Odysseus to join the Greek powers. While attempting to discover Achilles, Odysseus handily spotted him among the ladies, and convinced him to join the Greek armed force. After numerous long periods of fight with the Trojan powers, Achilles wound up ina popular duel with Trojan legend Hector, over the killing of Achilles dear companion Patroclus. In the wake of killing Hector, Achilles tied his dead body behind a chariot and hauled around the dividers of Troy multiple times to show his contempt and outrage towards the Trojans and their saint. Soon after the acclaimed fight, Achilles was murdered when he was struck, with a toxic bolt, in the one little spot on his heel which was powerless. The bolt was terminated by the Trojan sovereign Paris and was guided by the sun god Apollo. Hercules was the most grounded and swiftest man ever to walk the earth. As the chil d of Zeus and mortal lady Alcmene, Hercules was bound to be a saint. This fate was appeared before he was one year old. Maddened at his... <! Folklore papers The word fantasy is frequently erroneously comprehended to mean fiction something that never occurred, a made-up story or whimsical story. Fantasy is actually a perspective about the past. Fantasies tell just of that which truly occurred. This doesn't imply that legends accurately clarify what truly occurred. It suggests, nonetheless, that behind the clarification there is a reality that can't be seen and analyzed. Folklore is a body or assortment of legends having a place with a gathering of individuals and tending to their starting point, history, gods, progenitors, and saints. To the Greeks, folklore was critical. These accounts responded to each address of why something was how it was in their human advancement. They additionally demonstrated that the divine beings were amazing and the individuals admired them just as connected with them. They passed these accounts on starting with one age then onto the next. The tales were energizing and made with much creative mind. The tales show humankind and their battles with themselves and with the divine beings. Greek folklore is as yet present all around the globe particularly in the United States. The legends of antiquated Greece are increasingly recognizable in light of the fact that they have gotten so for all time implanted in artistic customs of Western progress. Greek folklore followed the example of different legends: the powers of nature were given characters and were revered. There was no love of creatures or of divine beings in creature structure, in any case, as there was in Egypt. Greek divine beings and goddesses were envisioned as being a lot of like people. The expression for this is humanoid attribution, signifying as a human. The divine beings were considered as progressively gallant in height, increasingly remarkable in excellence and extent, and more impressive and suffering than people. They were all things considered supplied with numerous human shortcomings. They could be desirous, jealous, resentful, and frivolous. Among them just Zeus was known as the Just. The antiquated Greeks were innovative sto... <! Folklore papers Have you at any point pondered where the expression, In a sticky situation originates from? Well, the Greek culture responds to that question and a lot progressively about the American culture and the Greeks'. The Greeks gave Americans a great deal of our language and convictions, and by perusing some Greek folklore, you can realize what all they brought to the table. The meaning of a fantasy is an endeavor to clarify the unexplaiable. A legend has such a great amount to offer, it shows the history, values, and the convictions about the common and heavenly. First is history, in folklore, individuals were made when made a man, named Prometheus, from dust. All things considered, enabled man to stand upstanding and furthermore gave him fire. Well this made frantic; and the discipline was a lady named Pandora, who was the principal lady made. She hauled around a crate and shouldn't open it. Well one day, her interest got to her, and she opened the container. Out of the case came the wrongs that despite everything fill the present reality. One can see the equal between christianity's creation story and this one. Another anecdote about history is that of the Trojan War. It was set in Troy, and was an epic fight that kept going ten years. The account of one man's excursion to and from this war, Odysseus, is recounted in the story The Odyssey. Numerous things can be gained from this story and will be appeared in the following scarcely any passages. Second are values, which are things that a culture respects. Here are a few qualities that the Greeks regarded and the tales that let them know: Curiosity can be hazardous, from Prometheus and Pandora, due to Pandora's interest fiendish was allowed into the world. Decisions equivalent consequenses and desire rises to self-centeredness, from Medusa, on the grounds that the lord was so desirous and needed Perseus' mom he wound up kicking the bucket. Complying with your folks or following insightful exhortation, from Daedalus and Icarus, supposing that Icarus would have tuned in to his dad, he wouldn' have kicked the bucket. Maintaining a strategic distance from self esteem, from Echo and Narcissis, the rea... <!

Competetive Strategy Analysis - Samsung Essay Example | Topics and Well Written Essays - 3000 words

Competetive Strategy Analysis - Samsung - Essay Example The present status of the firm’s seriousness is assessed utilizing three key apparatuses: the Five Forces model, the Value Chain investigation system, and the Strategic Clock. The initial two models were created by Porter while the Strategic Clock has been planned by Bowman. These hypothetical models permit the distinguishing proof of all parts of the firm’s vital situation in the worldwide market. Along these lines, the comprehension of the firm’s current situation towards its opponents and of its future possibilities in the specific business gets simpler. Porter’s Five Forces Literature survey The Five Forces model of Porter (see Figure 1 underneath) features the powers that a firm is probably going to confront when building up its every day exercises. The distinguishing proof and the assessment of these powers are vital so as to check whether a firm has prospects in its industry or not (Hill and Jones 2009). The powers remembered for the Five Forces mod el of Porter are the accompanying: ‘a) new participants, b) providers, c) purchasers, d) substitute items, e) industry competition’ (Henry 2008, p.69). The examination of this model’s components would assist with understanding its incentive for assessing the possibilities of Samsung in the worldwide gadgets industry. ... The intensity of providers to request increment in costs is higher as the material/item conveyed to the customer is uncommon and can't be effortlessly situated through different providers (Roy 2011). This wonder is known as the haggling intensity of providers (Roy 2011). In segments that are basic as far as the material utilized in items, the bartering intensity of providers can be high: for instance, the pharmaceutical business or the extravagance vehicles industry (Roy 2011). At the following level, reference ought to be made to the next component of Porter’s model: clients. Clients can squeeze firms to continue to the decrease of their costs in the accompanying case: when the items/administrations gave by a firm gotten basic in the market, the clients of a firm may choose to leave their firm and favor the results of an opponent that are at lower value (Gordon 2004). The particular capability of clients can exist just if an item is generally extended in the market or if anot her contestant that offers a similar item at lower cost has showed up in the nearby market (Gordon 2004). The term ‘substitute products’ is utilized for portraying the items with comparable attributes however of lower quality (Ungson and Wong 2008). These items can be accessible at lower cost since their creation cost is altogether lower than that of the items with comparative attributes however of great (Ungson and Wong 2008). Buyers may incline toward these items rather than those that used to purchase as of recently so as to set aside cash (Ungson and Wong 2008). Substitute items can't especially undermine a firm that offers items that can't be effortlessly repeated (Alrawashdeh 2013); Finally, reference ought to be

Rambling in the London Library

Rambling in the London Library Since I moved to London, I have been hearing quiet tales of the London Library. Nestled in the heart of a leafy square just a few streets from the bustle of Piccadilly Circus, the library hosts a million books, the overwhelming majority in the stacks and shelves that bear the weight of the hefty collection. It’s been a dream of mine to join for quite some time, but my persuasive introversion concerned me. What if I couldn’t work out how to check out books? What if I looked like a total dope wandering the aisles? What if, wait for it, I broke something, or got lost, and everyone looked me like I’m some sort of tragedy? Anxiety is hard, and that means doing new things is hard too. The other thing that set me to pause was the cost. The London Library is a private charity, so it’s sustained by the fees of its members. There’s a definite air of elitism about a library that’s not open access, but there’s a spreading dearth of even public libraries now. In my view, spending my money to maintain a brilliant resource that offers me a silent and inspiring working space is a fair deal. Not everyone can wander into the Library, but its collection is safe and protected for generations to come. I can’t know what the future holds, but at least I do know I’m trying my best to protect an immense resource. Last year I started writing my first novel and have been working on personal essays along the way with great input from my MA group at Birkbeck, University of London. Birkbeck of course has a library, and I’ve been in plenty of libraries around London. But the London Library kept calling, and eventually I booked a tour to see if it was really as delicious as it looked. Reader, it was. I made my way across Leicester Square and down Haymarket to the library on a sunny Wednesday afternoon to spend my lunch hour on a free tour before making any decisions. I stopped at reception to sign in for the delight ahead, and waited just a few minutes before a member of staff came to find me and lead me through the labyrinth. We started by walking through the main hall and entered the back stacks, floor after floor of narrow walkways and towering shelves, chock a block with books of every description, all carefully labelled and sectioned according to the library’s own filing system. I had asked to see books about bees on my trip, and was led directly to a lovely collection going back centuries. The flooring in the back stacks is grated, so with a quick look down you can see the floors beneath you- a somewhat exhilarating experience that might freak some people out. Me, all I could think of was how many books were beneath me, and how many more above. After the back stacks we moved into the centre part of the library at St James Building, to see the Reading Room (where even laptops are disallowed), with its ceiling height cases full of pages, and then to the Writers Room, with its hardy desks, golden lamps and giant window. I recall some elevator and stair magic and then saw the Members room on the top floor, with its places for phone calls and café for snacks, then down into the Central Stacks, six floors of endless routes through topics including Biography and Religion. At the bottom, we emerged near the Art Room, flooded with light and full of books and manuscripts that have absolutely no meaning to me as an art philistine, but there was no denying the peace and inspiration of the space. I finished my tour in the issue hall, my decision already made. Though I’ve joined the library only in the last month, and I’m still getting used to the place (and yes, getting lost) as well as occasionally turning a corner and finding something new that I didn’t know was there at all. The London Library is like the Narnia of books, where even dark corners hide big secrets. Rioters, what are your favourite libraries, and where are they?

Describe Why The American Dream Is Un-Achievable - 1100 Words

Describe Why The American Dream Is Un-Achievable? (Essay Sample) Content: NameTutorClassDateIs the American dream achievable?The United States of America has a national dream that incorporates national democracy, observation of the human rights, liberty, creation of opportunities to all and ensuring that there is equality to all Americans. The dream is to achieve freedom to all citizens which include chances to prosper and succeed. It also includes upgrading of family social class. The dream is to be achieved through unlimited hard work and determination. The dream has its roots in the American independence and is all about ensuring wealth is achieved to everyone. The dream aims at seeing to it that everyone is economically stable regarding having adequate money as well as being happy. At least everyone in America to have a house, adequate food, a car and an adequate cash to spend luxuriously is in the vision of this dream (Andrew, 2016). The dream constitutes of various key elements that include a living wage, security after job retireme nt, and the chance for the family children to have a bright and promising future.However, at the present, such a dream to attain this standard of a lifestyle is not achievable. It is not only in America but all countries around the world cannot achieve it. Nevertheless, the dream is true to the wealthy Americans but not workers who earn the average wage. Currently, on the whole world there is no country whereby the average worker has the capability to achieve such a lifestyle if they were to finance the American dream. A research report from The Red Pin asserts that the expenses implied for one to afford the American dream was too high for all workers, all over the world not only in the United States, who earn an average wage. From the research an average worker in the United States earns about three thousand dollars per month after tax is deducted. To achieve the views of the dream an average worker will need an approximated salary of about three thousand eight hundred and forty-t wo dollars each month. Such an amount is approximately twenty-eight percent increase from the current average worker salary (Andrew, 2016). Such an amount is too high for Americans, even under what circumstances which ever effort and determination they put, to achieve such a dream. Therefore, the dream is impossible for most of the Americans. There is little chance in future for the U.S to see the dream come true for the average working American. To the America majority, the situations are even getting worse and thereby rendering such a dream unaffordable. It is because of the various reasons as discussed below.To achieve this American dream, it means a great increase of income to the workers has to be done to enable them to meet all the expenses associated with the dreamt kind of life style. However, such an anticipation has also been a dream to the American workers because as research shows, the middle-class workers have not had an increase in their wages or salaries for over fif teen years (Richard, 2014). Since the financial crisis experienced in the year, 2008 middle-class income has been falling. However, income to the wealthy people in the country has been rising. It thus shows that meeting the dream expenses is hard to these average work earners. The rich Americans can talk of attained the dream but not America.In the previous times, American families from the middle class were in a position to earn a comfortable life while depending on earnings from one family member. It was a time when one parent would go out working while the other remained to take care of their children. However, such moments are no longer there. It is because of increasing household, education and transportation costs in the country. Both parents have been forced to go out working to meet the increased living costs while salaries have all been stagnating in the country (Richard, 2014). No more luxury at home. In fact, having a child is being perceived as a risk to one's finance. I n such a situation how shall we even think of living a luxurious life with our families if our income cannot allow us to build a family in America?Moreover, most Americans are finding life tough because their salaries have failed to meet their expenses. Consequently, a great population in America have had significant debts in attempts to maintain their standards of living (Mennell, 2014). It is thus true that most Americans are in their classes, not because they earn a lot, but because they depend on debts. In a way, we can say that American economy is somehow dependent on debts, given the fact that, there is a significant number of Americans who are observed as being rich but in the real sense, they are because of the additional debts they take.Equality and education to each and every American is among the key facilitators to achieving the dream. However in the U.S, college education requires huge sums of money that the rich will comfortably afford (Rank, Hirschl Foster, Pg. 110-1 20, 2014). Otherwise, a middle-class American will need loans to acquire such education. For instance, it would require a student at Berkeley University to have about thirty-two dollars for on-campus attendance. Such an a...

Did Hector Kill Ajax in the Trojan War

In the Warner Bros. movie Troy, Ajax sees Achilles dashing madly ahead of the rest of the Greeks to land on the shores of Troy. This impels him to push his own men harder, to row faster. A big man, Ajax does his share of hacking away at the enemy until Hector kills him. The legend of Ajax is different. Ajax was the son of the king of Salamis, Telamon. As a suitor of Helen, Ajax had been obligated by the oath of Tyndareus to fight for the return of Helen to Menelaus. He fulfilled his obligation by leading twelve ships with troops from Salamis to Troy. There he fought in single combat against Hector, but he was not slain. Instead, Hector and Ajax exchanged gifts. Hector gave Ajax his sword and Ajax gave Hector his belt. It was by this belt that Achilles dragged Hector through the dirt. After Achilles was killed, his armor was awarded to the Greek thought most heroic. Ajax thought that with Achilles dead, the prize should have been his. Instead, the prize was awarded to Odysseus. Ajax went mad and tried to kill Odysseus and other Greeks. Athena intervened and made him see Greeks where there were really cattle. When Ajax recovered, he was mortified by his deeds, although still aggrieved by the slight, and so killed himself using the sword Hector had given him.

Definition and Examples of False Analogies

The fallacy,  or false analogy, is an argument  based on misleading, superficial, or implausible comparisons. It is also known as a  faulty analogy, weak analogy, wrongful comparison,  metaphor as argument, and analogical fallacy. The term comes from the Latin word  fallacia, meaning deception, deceit, trick, or artifice The analogical fallacy consists of supposing that things which are similar in one respect must be similar in others. It draws a comparison on the basis of what is known, and proceeds to assume that the unknown parts must also be similar, says Madsen Pirie, author of How to Win Every Argument. Analogies are commonly used for illustrative purposes to make a complex process or idea easier to understand. Analogies become false or faulty  when they are overextended or presented as conclusive proof. Commentary There are seven windows given to animals in the domicile of the head: two nostrils, two eyes, two ears, and a mouth...From this and many other similarities in Nature, too tedious to enumerate, we gather that the number of planets must necessarily be seven. – Francesco Sizzi, 17th-century Italian astronomer [F]alse analogy is central to jokes whose humour derives from ill-judged comparisons, as in the old joke where a mad scientist builds a rocket to the sun but plans to embark at night to avoid being cremated. Here a false analogy is created between the sun and a light bulb, suggesting that when the sun is not shining it is not turned on, and hence, not hot. – Tony Veale, Computability as a Test on Linguistic Theories, in Cognitive Linguistics: Current Applications and Future Perspectives, ed. by Gitte Kristiansen et al. Mouton de Gruyter, 2006 When you find yourself reasoning by analogy, ask yourself two questions: (1) are the basic similarities greater and more significant than the obvious differences? and (2) am I over-relying on surface similarities and ignoring more essential differences? – David Rosenwasser and Jill Stephen, Writing Analytically, 6th ed. Wadsworth, 2012 The Age of False Analogies We are living in the age of the false, and often shameless, analogy. A slick advertising campaign compares the politicians working to dismantle Social Security to Franklin D. Roosevelt. In a new documentary, Enron: The Smartest Guys in the Room, Kenneth Lay compares attacks on his company to the terrorist attacks on the United States. Intentionally misleading comparisons are becoming the dominant mode of public discourse... The power of an analogy is that it can persuade people to transfer the feeling of certainty they have about one subject to another subject about which they may not have formed an opinion. But analogies are often undependable. Their weakness is that they rely on the dubious principle that, as one logic textbook puts it, because two things are similar in some respects they are similar in some other respects. An error-producing fallacy of weak analogy results when relevant differences outweigh relevant similarities. – Adam Cohen, An SAT Without Analogies Is Like: (A) A Confused Citizenry... The New York Times, March 13, 2005 The Mind-As-Computer Metaphor The mind-as-computer metaphor helped [psychologists] to focus attention on questions of how the mind accomplishes various perceptual and cognitive tasks. The field of cognitive science grew up around such questions. However, the  mind-as-computer metaphor  drew attention away from questions of evolution... creativity, social interaction, sexuality, family life, culture, status, money, power... As long as you ignore most of human life, the computer metaphor is terrific. Computers are human artifacts  designed to fulfill human needs, such as increasing the value of Microsoft stock. They are not autonomous entities that evolved to  survive and reproduce. This makes the computer metaphor very poor at helping psychologists to identify mental adaptations that evolved through natural and sexual selection. – Geoffrey Miller, 2000; quoted by Margaret Ann Boden in Mind as Machine: A History of Cognitive Science. Oxford University Press, 2006 The Darker Side of False Analogies A false analogy occurs when the two things compared are not similar enough to warrant the comparison. Particularly common are inappropriate World War II analogies to Hitlers Nazi regime. For example, the Internet has more than 800,000 hits for the analogy animal Auschwitz, which compares the treatment of animals to the treatment of Jews, gays and other groups during the Nazi era. Arguably, the treatment of animals is terrible in some cases, but it is arguably different in degree and kind from what happened in Nazi Germany. – Clella Jaffe, Public Speaking: Concepts and Skills for a Diverse Society, 6th ed. Wadsworth, 2010 The Lighter Side of False Analogies Next, I said, in a carefully controlled tone, we will discuss False Analogy. Here is an example: Students should be allowed to look at their textbooks during examinations. After all, surgeons have X-rays to guide them during an operation, lawyers have briefs to guide them during a trial, carpenters have blueprints to guide them when they are building a house. Why, then, shouldn’t students be allowed to look at their textbooks during an examination? There now, [Polly] said enthusiastically, is the most marvy idea I’ve heard in years. Polly, I said testily, the argument is all wrong. Doctors, lawyers, and carpenters aren’t taking a test to see how much they have learned, but students are. The situations are altogether different, and you can’t make an analogy between them. I still think it’s a good idea, said Polly. Nuts, I muttered. – Max Shulman, The Many Loves of Dobie Gillis. Doubleday, 1951

Fitness Work The Health Care Crisis - 820 Words

Fitness Work! will serve a suburban area in Melbourne ,Australia, where many of upper middle class people live. Our goal is to help them to become more productive, while lowering their overall costs with innovative wellness programs. Our business is based on two simple facts; healthy employees are more productive than chronically ill employees and it costs less to prevent injuries or illnesses than to treat them after they occur. At Fitness Work!, we tie worker productivity directly to the health care issue. We believe that traditional approaches to the current health care crisis are misdirected. These traditional efforts are what we call â€Å"reactive†; which mean that they wait until after the worker has been stricken with illness or†¦show more content†¦We feel the time is right for Fitness Work!. 2. Strategic Focus and Plan This portion of our marketing plan focuses on the strategic planning of Fitness Work! to make it a successful business. There are three areas that we will talk about: mission statement, economic and non-economic goals, and competitive advantage. Mission Statement: To help people live healthy and enrich their daily life. Goals: Economic: 1.To break-even in profits versus losses within the first 3-4 years of business. 2. In six years, achieve a 20%-28% profit from the services we provide. 3. Each year, increase market share in 3% in a constant rate. 4. Lower the expense cost after five years operation. Non-economic: 1.Within six years, expand our services to physic therapy, spa treatment and indoor snowboarding and skiing if possible. 2. To enlarge demand outside of business contract with companies and individual membership. 3. Make available more services and extend business to every community. Be the largest indoor super gym complex in the Melbourne 4. Within fifteen years, expand Fitness Work! business to the ten largest cities in the Australia. 5. Provide the highest quality services at a reasonable price to every people. Competitive Advantage Fitness Work!’s main competitive advantage is the wide range health services at a reasonable price. The gym offers a lot of support services for people who need to socialize or have fun after exercises,

The Body, Meaning and Symbols in Medical Anthropology Essay

In the course of the study of medicine from an anthropological perspective, there are several themes which are repeatedly encountered. These include the body and its representation, meaning and a person’s response to that meaning, and finally, the symbolic images which construct and shape both meaning and the bodily representation. Each of these themes are addressed throughout medical anthropological texts, and are connected to and build on each other in a variety of ways. The body is the site of medicine, because the body is the site of all cultural practices. As Byron Good states, â€Å"medicine formulates the human body and disease in a culturally distinctive fashion†. (Good, 65) It is the cultural fashion of western medicine to†¦show more content†¦Comaroff tells us, â€Å"nationality, culture and physical type are condensed into the language that...would mature into scientific racism† which would â€Å"imprint the physical contours of stereotyp ic others on the European imagination–and, with them, a host of derogatory associations†. (Comaroff, 309) In turn these associations further objectified the alien African body to the European. Comaroff explains, â€Å"As an object of European speculation, ‘Africans’ personified suffering and degeneracy, their environment a hothouse of fever and affliction.† (Comaroff, 305-306). Thus bodily perception shaped the meaning of the body, and the meaning attached to the body further reinforced bodily perceptions. This self-reinforcing loop of perception and meaning allowed for the European to justify imperialism with the concept of the white man’s burden to advance the supposedly lower races using â€Å"the mutually sustaining regimes of science and empire.† (Comaroff, 306) Comaroff’s essay demonstrates how the meaning we attach to the body contributes how we see it. In fact, meaning plays an important role in both bodily perceptio n and medicine as a whole. Consider, for example, the research elucidated by Daniel Moerman on a cultural phenomenon he defines as â€Å"the physiological or psychological effects of meaning in the treatment of illness†, or as he calls it, â€Å"the meaning response† (Moerman, 77). With examples of surgical placebos such as transmyocardial revascularization,Show MoreRelatedMedical Antropology Essay889 Words   |  4 PagesMedical anthropology addresses the symbolic, narrative, and ethical dimension of healing, medicine and medical technology in many ways. 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Court Systems Free Essays

The article looks at a number of mental health services provided by a number of mental health courts in various counties in different states. For example, the specific mental health services offered by the Marion County in Indiana, Broward County in Florida, Alaska’s Anchorage and King County of Washington. The article then discusses the various issues that would ensure a successful implementation of mental health courts. We will write a custom essay sample on Court Systems or any similar topic only for you Order Now Such issues as due process, resource control and availability of the services will have to be addressed first. These authors are right with their insightful argument on what would work best for different groups of populations. In their analysis, they contend that some models of mental health courts would only be appropriate for small cities, suburban or rural populations. However, as they advocate for mental health services appropriate for the mentally ill offenders, they do not take into account the attainment of justice and do not talk about the role of the victim(s) in the rehabilitation process. From their point of view, it is clear that the authors were clearly biased and argued their case from the mentally ill offenders’ position. Sex Offender Commitment Law Rued Unconstitutional (Daly, R. March 2009). The author reports on the federal appellate court’s decision to overturn the ruling that requires sexual offenders to be subjected to prolonged civil commitment beyond their jail terms. The author then presents the opinion of the APA committee on the issue. The committee concurred with the court’s decision terming the subjection of sexual offenders to civil commitment as lacking in treatment but rather turns psychiatrists into jailers. This report is quite comprehensive because the author does not only present the history of this law but also presents the professional’s opinion and solution to this controversial issue in the criminal justice system. The author seeks neutrality in his reporting and only presents events and opinions of others. However, he fails to provide accounts and cases where the law has been successful in reducing recidivism in sex offenders. Readers of this report may get the impression that the law is totally wrong and incarcerating to the prisoners and therefore do not serve to rehabilitate and reintegrate offenders into the community. Reference Daly, R. (March, 2009). Sex-Offender Commitment Law Ruled Unconstitutional, Psychiatric News, Vol. 44(5):11 Watson, A. Hanrahan, P. Luchins, D. Lurigio, A. (April, 2001). Mental Health Courts and the Complex Issue of Mentally Ill Offenders, Psychiatric Services, Vol. 52:477-481. How to cite Court Systems, Papers Court Systems Free Essays The modern dual system of courts incorporates both federal and state or local courts. This system is the product of many years of gradual development. Outside this formally established structure, however, personal relationships between key court participants can guide court proceedings and procedures. We will write a custom essay sample on Court Systems or any similar topic only for you Order Now This paper will examine the history of the criminal courts, the dual system of the United States and modify the difference between the historical development and the dual court system of the United States.The origins of the contemporary criminal courts can be traced back through their colonial predecessors the Anglo-Saxon and English court systems. Contributions from outside this lineage were minor; although Louisiana’s legal system reflects a strong French influence, owing to the substantial early French settlement there. The earliest records of legal procedures for criminal matters in Anglo-Saxon England are found in proclamations (know as dooms) issued by King Aethelbert of Kent in 601-604C. E. that prohibited theft and provided for a variety of punishments for â€Å"violation of the king’s interests).Anglo-Saxon courts, in an attempt to move away from blood feuds (the long-running cycle of violent retaliation, typically between families or clans), used a variety of oaths and ordeals to determine an individual’s truth or guilt. The compurgatory oath required that the accused swear an oath of innocence: If the defendant’s testimony was supported by statements of a sufficient number of others (known as oath helpers, who were often relatives of the accused), the defendant would be acquitted and released.However, if the testimony was not convincing, the accused would face either trial by ordeal or trial by battle. The absence of burns or scars from an ordeal or simple survival in battle was indication of innocence. English common law and the English court system were the primary role models for the beginnings of the American court system. Colonial courts performed a variety of functions, ranging from legislative and executive activities, such as the determination of tax assessments, to more traditional activities associated with the judicial branch.These courts were relatively simple, with most of the judicial personnel being local influential citizens who were appointed to their positions by the colonial governor. Justice of the Peace courts were established at the local county level; they were typically administered by a person with some degree of status or recognition within the community rather than someone with formal legal training. When the American Revolution took place, the royal colonial courts were closed down and then reestablished as state courts by the new state assemblies.Although the basic structure of the courts remained essentially the same, the new state courts were move dec entralized than the colonial courts, and judges were either elected or appointed by the state legislature or governor. With the growing emphasis on popular democracy and responsiveness to the local community by the middle of the nineteenth century each new state entering the Union required the popular election of all or most of it judges, although only white male were allowed to vote. Specialized local courts and family courts were eventually created in larger cities to handle the growing number of cases as the U. S. population expanded. Most state courts were assigned general trial jurisdiction over both criminal and civil matters, and each state created at least one court appeals. As the states developed their individual constitutions, outlining the structure and the process of governmental operations, most also included in their constitutions a section protecting many rights of citizens accused of crimes that had been stipulated in the earlier colonial laws.The Constitution provided for the establishment of a federal judicial system, even as the states developed their own court structures, thereby creating a dual system of courts. Today, there are fifty independent state court systems as well separate court systems in the District of Columbia and the Commonwealth of Puerto Rico and territorial courts in the Virgin Islands, American Samoa, Guam, and the Northern Mariana Islands. For the most part, these systems have very similar structures and procedures.Each provides for general trial courts, appellate courts, and some sort of Supreme Court. Each state court system administers and interprets its own state’s laws, whereas the federal system deals with federal laws and violations. When a case that has been tried in a state court is appealed, it is appealed through the state appeals court system. In contrast cases that were originally tried in the federal courts are appealed through the federal appellate courts.In issues of the constitutionality of a particular law or procedure, state courts must consider both the state constitution and the federal constitution, whereas federal courts are generally limited to issues stemming from the federal constitution. It should also be noted that decisions made by a U. S. Court of Appeals are binding only on its specific jurisdiction, not on the entire country. The criminal court system in the United States today is largely a product of the Anglo-Saxon and English common law courts and the rights of citizen enumerated in the Magna Carta.Many of the procedural safeguards of the English courts were incorporated into the early colonial legal codes. After the American Revolution, each of the new states created its own independent court system. Congress established the basic structure of the federal court system in the Judiciary Act of 1789. Although there are many variations in the state court structures, all of them make similar distinctions between the courts according to their basic jurisdictionReferences Regoli, R. Hewitt, J. (2008) Exploring Criminal Justice. Jones and Bartlett Publisher, Inc. Sudbury, MA http://www. ovw. usdoj. gov/safehaven_desc. htm How to cite Court Systems, Papers Court Systems Free Essays When the founding fathers of the United States began to conceive the notion of how the nation’s legal system should work, they were determined we should have a country that operated differently and more effectively than the one left behind in the days of British control. They decided that states should have the power to make and govern their own laws and also the ability to enforce those laws. This did not eliminate the need for federal court systems, however, and so the dual court system was born. We will write a custom essay sample on Court Systems or any similar topic only for you Order Now The dual court system is the formal name for the way our country’s legal system works. The dual courts it refers to are the federal and state court systems. The state court system is constructed of local and state courts that are under the purview of state governments. The federal court system was established by the legislative body under the influence of the Constitution of the United States (Schmalleger, 2009). The state legislatures are free to create and enforce their own laws, but the federal government is there to oversee and intervene when necessary to ensure that there are no conflicts within the state systems or when the necessity exists because of multiple state involvements. In the state court system, each individual state has a separate system of courts that operated under the Constitution and laws of that particular state. Historically, the state courts are modeled after the British judicial system that was first brought to the United States when it was composed of English colonies. During that time, each of the original American colony had its own court system for resolving both civil and criminal disputes. As the colonies grew in size, it became necessary for counties to have their own court systems as well, which allowed the general court to focus its attention on appeals. The general court did reserve jurisdiction on certain cases, but typically only simple civil trials were heard there. All of the American colonies had a fully functional court system in place with these sort of arrangements in place by 1776 (Schmalleger, 2009). The turn of the century and early 1900s brought a measurable increase in civil litigation and criminal arrests, which forced the government to find new ways to keep up with the heavier load of reported cases (Schmalleger, 2009). Their answer was to establish multiple new courts at different levels of jurisdiction; including trial, appellate, and supreme court levels. They assigned particular duties and responsibilities to each level of court, from regulating ordinances and city laws to handling minor disputes like property and divorce. One especially important model that was adapted for use in state courts was the New York State Field Code of 1848. This code clarified jurisdictional claims of different issues and gave specifics in the matter of court procedures and regulations. It also established a set of simplified rules for pleadings and how they were to be brought before the court in different situations. It was named the â€Å"Field Code† because it was proposed by a man named David Dudley Field (Field Code of New York, 2011). The court system we have today is much more advanced, thanks mostly to new changes that have been introduced by the American Bar Association and the American Judicature Society (Schmalleger, 2009). Most of the changes center around reducing redundancies in the court system. This makes the courts much more capable of handling a bigger load of cases because they are not wasting time on cases that are also being handled at another level. The three tier system of the courts is still used, but the court system is much more effective and centralized thanks to the changes by these organizations. Like the state court system, the federal court system also has its foundations in the United States Constitution and in colonial law. Specifically, Article III Section 2 of the United States Constitution gives the federal courts jurisdiction over federal laws and treaties (Schmalleger, 2009). In general, this means that federal courts have purview over cases that cross between states or have clear federal jurisdiction such as terrorism cases or cyber crime. In the federal court system, there is only one of the three tiers that is actually mandated by United States Constitution. This is the Supreme Court of the United States. It was formed in 1869 and has always had one Chief Justice and eight Associate Justices. As the name suggests, the Supreme Court is the final and â€Å"supreme† word on any case that it hears. The Supreme court rules on appeals and also has jurisdiction over certain proprietary cases like those involving high ranking diplomats of both the United States and other foreign nations (Supreme Court of The United States, 2011). The other two tiers of the federal court system are the federal district courts and the court of appeals. The kind of cases handled by the federal district courts are cases relating to alleged Constitutional violations, maritime cases, cases that directly involve a state, cases involving the federal government, and cases that include foreign governments or citizens. The appeals court, on the other hand, addresses exactly what it sounds like. It has direct jurisdiction in cases that involve a challenge to an order of a federal regulatory agency, such as the Securities and Exchange Commission or Department of Homeland Security. There are also a few exceptions to federal jurisdiction, such as the military justice system, which is special and applies only to members of the United States Military and is carried out in the form of non judicial punishments and court martial proceedings (Supreme Court of The United States, 2011) Since the concept first formed in England and was carried over and adapted by our nation’s founding fathers, the dual court system as continued to become more effective and make American Justice some of the most effective and civilized in the world. From an outside perspective, our court system may seem complex and confusing, but the different levels of government all work effectively together because of the decades of improvements and legislation changes on both a state and federal level. Once you understand the details of the dual court system, it is actually much simpler than it seems. How to cite Court Systems, Essay examples

Scope Creep Report for Computer Security Department

Question: Discuss about theScope Creep Report for Computer Security Department. Answer: Introduction: The purpose of this report is to evaluate the project status of the Computer Security Department (CSD) of the Federal Government to improve and replace the outdated computer for management of public clients. A brief regarding the current status of the project has been present for the assessment of the situation. Then the assessment and the management practices have been analyzed together for a better understanding of the project, and further recommendations were provided for fast project completion. Report on Current Project Status Current project status: Incomplete. A budget of $2.3 Million was prepared for the project, but a sum of $1.5 million was granted. The project was planned accordingly, and resources were planned. Due to event mismanagement, the department has suffered an unexpected delay and cost. Now an additional grant request of $1.8 million has been placed for the completion of the project. There exist no official records containing the scope of the project, schedule, the implemented aspects of the project and the money spent on various aspects. The objective of the CSD was to replace the outdated computer systems for managing the public clients. The project was scoped and planned to achieve specific goals. It was decided that the hardware and the software for the computer systems will be updated and replaced across 87 sites, and the completion date was decided to be 30th, June 2001. The initial committee in its initial meetings had loosely identified some of the risks that could cripple the process and was recorded in a project report that is nowhere to be found, the project steering committee was formed to guide the project in a proper direction under the department chief (CEO) as the main sponsor for the post. The representations of the influential company managers with different mindsets have not suited the environment. Hence, no record or actual reports was found containing the actual scope, schedule, and budget [7]. Comparison of the Present Scenario with Project Management Practices The work upon the project started in July 1999 but as of today, the project is far from completion. According to previous study, a project needs a clear scope, should have structured contracts and budgets, sound and clear communication between the hierarchies and should stick to the Gantt chart which will result in timely completion of the project [5]. For successful completion of the project, it is necessary that everyone shares a specific goal and work for its completion. However, it is evident from the facts that in the case of CSD the management was weak [2]. Although there was an agreement between CSD and Good Systems there exists no contract which contains clear goals. Also, the Good Systems promised to provide free services in return of research and development center, but Good System failed to provide the basic services which should have been its priority. The CSD is facing the brunt of unexpected expenditure because the employees of the organization were diverted for testing the new software that was to be installed by Good Systems, additionally the managers who became more comfortable and met less frequently for steering the project to the right direction, left Good Systems with the management works [11]. In a proper system, there should be well laid out the hierarchy and clear roles for each in an organization but to save money, too much pressure was laid upon the cashier which resulted in such mismanagement [9]. Communication plays a pivotal role in project management. In the case of this project, the stakeholders frequently met to decide the various aspect of the project. This ensured well proper communications between the stakeholders of the company, contractors, vendors, etc. A manager acts as the link joining the various aspects of the project, but the absence of such vital link created a void and resulted in such failure. There was no timeline, or Gantt chart and absence of such important toolkit is Mars any resolution. The initial objective of the project was to be completed within a budget of $ 1.5 million, but the lack of standard practices has left CSD being demanded $1.8 million more. Sound management requires well laid out plans and justifications for approval of extra funds. Hence the following sections will deal with the justifications for the same. For completion of the project in time, the components should be meticulously planned and scheduled [3]. As stated before Gantt chart helps in planning out the timeline and the priorities of the tasks. This also helps in allocation of resources according to the need of the time. Recommendation on Project Closure and Future Improvements The CSD (Computer Security Department) should understand the need of a manager and should make it mandatory to appoint a manager for its entire work. The work of manager should not be taken lightly as he behaves as the interface between the stakeholders of the company [1]. The increase in the offices of the project manager shows the importance of the dedicated workforce that is needed to complete a project. The manager mainly serves two major needs, providing the common set of tools and framework for making the project successful [12]. He is also responsible for the completion of the projects within a given time that has been decided in the Gantt chart. Hence the manager takes all the responsibility of making the project a success. The five broadly classified ideas for avoiding the scope creep are: Understanding the goals/results [6] Understanding the clients idea Understanding the scope of the project Understanding the budget [8] Keeping everything in the book So, the following steps had been designed by the above factors to prevent scope creep and will help in project closure. Conclusion It is very critical to understand the need of the project, and steps should be taken to contain the contingencies. Although contingencies are difficult to predict the other similar projects can serve as a guideline for understanding the issues. Also, the need of the components of management should not be underestimated as it prevents proper process management. A clear idea about the various aspects of the project like time and money should always be borne in mind for the successful completion of the project. References Brennan M. Mismanagement and quality circles: how middle managers influence direct participation. Management Decision. 2013 Mar 7. Breuer J, Ranaivoson H, Buchinger U, Ballon P. Who manages the manager? Identity management and user ownership in the age of data. InPrivacy, Security and Trust (PST), 2015 13th Annual Conference on 2015 Jul 21 (pp. 22-27). IEEE. Burke R. Project management: planning and control techniques. New Jersey, USA. 2013. Gerald J, Lechler T. Gantt charts revisited: A critical analysis of its roots and implications to the management of projects today. International Journal of Managing Projects in Business. 2012 Sep 7;5(4):578-94. Kerzner HR. Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons; 2013 Feb 4. Madhuri KL, Rao JJ, Murthy SV. Scope creep implications on customer satisfaction index in the software industry. International Journal of Productivity and Quality Management. 2016;19(1):21-37. Martin R. Leaders and the importance of the manager-staff relationship. Pepperdine University; 2013. Moore AY, Thomas MR, Diggdon A, Maher J, Moore KL, Lee YW, McMahon BP, inventors; Wells Fargo Bank, NA, assignee. Budget management system and method. United States Patent US 8,639,622. 2014 Jan 28. Neves P, Eisenberger R. Management communication, and employee performance: The contribution of perceived organizational support. Human Performance. 2012 Nov 1;25(5):452-64. Sara S, Tatnall A. Failure to Launch: Scope Creep and Other Causes of Failure from an Actor-Network Theory Perspective. International Journal of Actor-Network Theory and Technological Innovation (IJANTTI). 2015 Oct 1;7(4):1-3. Silva P, Moreno AM, Peters L. Software Project Management: Learning from Our Mistakes. IEEE Software. 2015 May 1;32(3). Westcott RT, editor. The certified manager of quality/organizational excellence handbook. ASQ Quality Press; 2013 Oct 7.

Restructuring - Removing and Reviewing the Social Contract

Question: Discuss about the Restructuring, Removing and Reviewing the Social Contract. Answer: History of James Hardie James Hardie was founded in the late nineteenth century, and became an iconic company, especially in Australia in the twentieth century, for mining, importing and manufacturing asbestos-based products. Commonly referred to as fibro, fibro-cement played a key role in the growth of expanding cities as it was a cheaper alternative to brick, but supposedly safe and durable. However, fibro sold by James Hardie was made of asbestos, which even back in the 1930s was known to be causing deadly lung disease (Ministry of Health Report 1938, cited in Kjellstrom 2004). Indeed, for James Hardie, the first workers compensation case occurred in 1939 (Hills, 2005); but it was not until the mid-1960s that James Hardie was given information on asbestos-related diseases among its employees in which they were told that liabilities could be as high as A$1.5 million, which set against shareholders funds of $30 million seemed significant (Haigh, 2006). Despite these health warnings and potential impact of liabilities from compensation, James Hardie continued to manufacture the product until 1987. Asbestos and its health impacts Asbestos has been found to cause many medical conditions including lung disease and, in particular, mesothelioma, lung cancer and asbestosis. Mostly, however, it takes between 15 to 30 years before symptoms present themselves after people are exposed to asbestos dust (Smartt, 2004). Asbestos was mainly used in domestic and industrial buildings, brake linings, fibro sheeting, pipes and insulation. The health effects of its use are not limited to employees, however; they also include neighbours of mines and manufacturing plants, and demolition contractors. These effects are recognized internationally (Jackson, 2004). The fact that the medical implications of exposure to asbestos were known as early as the late 1930s, and that James Hardie knew about it via their own employees workers compensation claims in the 60s, and the fact that it took another 20 years until the manufacture of asbestos products ceased, showed that manufacturers knew at an early stage about the dangers of asbestos and made a commercial decision to keep producing it, thereby jeopardizing lives (Spender, 2003: 235). The Medical Research Compensation Foundation (MRCF) and restructure In early 2001, the board of James Hardie made several announcements, one of which was the establishment of the MRCF. This fund was to compensate sufferers of asbestos related diseases and claims against two former James Hardie subsidiaries and fund medical research aimed at finding cures for these diseases (JHIL, 2001). The fund was established to effectively resolve any liability in relation to asbestos, which would then allow the board to concentrate on growing the company for the benefit of all shareholders (JHIL, 2001). The foundation was supposed to have sufficient funds (A$293 million) to cover all legitimate past and future claims; the funding was by way of ownership of subsidiaries Amaca and Amaba which had net assets of $293 million, and James Hardie also stated that any leftover funds would be used to support further research on lung disease (JHIL, 2001). Later in 2001, a new holding company was set up, called James Hardie Industries NV (JHI NV), and the group moved to the Netherlands where Australia has no civil law enforcement agreements. The decision to restructure and relocate was granted by the Supreme Court of New South Wales, based on the assurance by the company that any future claims would be met and backed up by partially paid shares in JHIL held by JHI NV. However, these shares were subsequently cancelled when JHIL (later known as ABN 60 Pty Ltd) vested in a new company, the ABN 60 Foundation, which was still supposedly able to meet any obligations for the MRCF. The complex structures and restructure of James Hardie made it harder to guarantee the liability of claims would be met. The MRCF, however, had been substantially underfunded. A report by KPMG re-estimated the liabilities to be A$693 million, rising to $1044 million in 2000 (Haigh, 2006). The shortfall caused much activity by lobby groups such as trade unions and local councils, resulting in the 2004 Jackson Inquiry. The findings indicated that James Hardie had acted within the law; however, it also discovered that James Hardie did not use reliable actuarial estimates, the company had made misleading public statements and appeared to be deliberately avoiding its moral obligations to society (Tozer and Hamilton 2006). The future for James Hardie and its victims James Hardie agreed that the MRCF was underfunded. In 2005, James Hardie signed a Final Funding Agreement (FFA) with the NSW state government, where claims were re-estimated to be A$4.5 billion over 40 years (Slater and Gordon, 2005). Negotiations then began with the Australian Taxation Office to set up a charitable organisation to fund the rest of the expected liabilities related to asbestos exposure. The arrangement established the Asbestos Injuries Compensation Fund Limited (AICFL), which would receive income annually from James Hardie according to a formula based on a percentage of free cash flow and a cap percentage. The arrangement was agreed to by shareholders in early February 2007 as it is consistent with current investor and Australian Community expectations (JHI NV, 2007). Little did James Hardie know that one week later, ASIC would commence proceedings into the actions of former and current directors and executives, alleging breaches of the Corporations Act 2001. The five allegations were: Misleading communications in 2001 regarding the establishment of the MRCF. Failure to disclose in relation to Deed of Covenants between MRFC and JHIL. Restructure of the group: The scheme of arrangement, specifically the information memorandum, was misleading in terms of its lack of disclosure in relation to the meeting of future obligations. Misleading executive presentations: in 2002, presentations made to institutional investors contained information on the supposed adequacy of the MRCF in meeting its obligations in relation to asbestos liabilities. Failure of care and diligence: in relation to the cancellation of shares in JHIL, and the failure of information disclosed to ASX and ASIC in relation to the cancellation. Currently, according to ASIC (2007) the investigation, which continues, has involved a complex corporate structure, it has spanned three countries (the US, the UK and Australia) and it has involved about 348 documents, 72 examinations and the issuing of 284 notices to obtain evidence. The investigating continues as does the increase in the number of victims being identified and claims sought. It appears that the profit motive was prioritised by James Hardie at the expense of the social contract. References: ASIC, ASIC Commences proceedings relating to James Hardie, Media Release 07-35, Thursday 15 February 2007. Haigh, G., Asbestos House: The secret history of James Hardie Industries (Melbourne: Scribe, 2006). Hellicar, M., Managing Corporate Social Responsibility, Paper presented to the Social Responsibility of Company Directors Workshop, Monash University, Melbourne, 16 March 2005. Hills, B., The James Hardie Story: Asbestos victims claims evaded by manufacturers, International Journal of Occupational and Environmental Health, Vol. 11 Iss. 2 (2005), 212-14. Jackson, D.F.Q., Report for the Special Commission of Inquiry into the Medical Research Compensation Foundation (Sydney: The Cabinet Office, NSW Government, 2004). James Hardie Industries, available at: https://jameshardie.com.au, viewed 2007. James Hardie Industries Limited (JHIL), Media Release, 16 February 2001; cited in Jackson (2004) Sec 2.35, and Haigh (2006), 273-4. Kjellstrom, T.E., The epidemic of asbestos-related diseases in New Zealand International Journal of Environmental Health, Vol. 10, Iss. 2 (2004), 212-19. Slater and Gordon (2005), available at: www.slatergordon.com.au/news/docs/WEBSITE%20Hardie%20lead%20v2.pdf Smartt, P., Mortality, morbidity and asbestosis in New Zealand: the hidden legacy of asbestos exposure, The New Zealand Medical Journal, Vol. 117 (2004), 1205. Spender, P., Blue asbestos and golden eggs: evaluation bankruptcy and class actions as just responses to mass tort liability, Sydney Law Review, Vol. 25 (2003), 223-63.

William Blake And Romanticism Essays - William Blake,

William Blake And Romanticism William Blake lived from 1757-1827. He based most of his works in the style of Romanticism. Much like William Wordsworth, Blake wrote from the heart, letting natural expression take over. Many of the writers of the Romantic period felt they had entered an imaginative climate, which some of them called "the Spirit Age." During this "Spirit Age," many authors felt that freedom and spontaneity were the key elements in poetry. Before this creative revolution, a poem was considered a classical work of art, assimilated to please an audience. In Romanticism, the "rules" hanging over poetry were dropped and a piece of work could become, as Blake described, "an embodiment of the poet's imagine vision." Blake used these free-formed ideas and concepts in his later works. These essays, All Religions Are One, There is No Natural Religion (a), and There is No Natural Religion (b), all show Blake's views against Christian Orthodox, religion based on ancient scripture and against "Natural Religion," the belief that God is as natural organism, much like man. Blake was opposed to the idea that God is only what the church believes him to be but he was also opposed to the notion that God was here before we were. Blake believed that man's "Poetic Genius," or imagination helped create the God of today. Many of the writers of the Romantic period were highly influenced by the war between England and France and the French Revolution. During the war, Blake was faced with charges of "speaking against his King and country." People of this era felt his works tested the boundaries of good art. Many of the other writers of this time also challenged previously accepted ideas. Mary Wollstonecroft wrote "A Vindication of the Rights of Women." Her work stood up against the female stereotypes and preconceived notions about women. In the midst of all these changes, Blake too was inspired to write against these ancient ideas. All Religions Are One, There is No Natural Religion (a), and There is No Natural Religion (b) were composed in hopes of bringing change to the public's spiritual life. Blake felt that, unlike most people, his spiritual life was varied, free and dramatic. Growing up he had no formal education. At the age of ten he joined a drawing school and later studied for a short time at a prestigious art school, the Royal Academy of the Arts. From this point in his life, art had the strongest influence. Later on, his work diminished and he went to a friend who was an artist, William Haley, for help. Haley attempted to change Blake's free art into conventional and breadwinning art. Blake soon rebelled, calling Haley the enemy of his spiritual life. After all of this, he began to write poetry, hoping to revive his free expression and flow. He wrote three works around 1788, to illustrate his views on religion, All Religions Are One, There is No Natural Religion (a), and There is No Natural Religion (b). He wrote All Religions Are One directed against Deism or "Natural Religion" and against Christian Orthodoxy. Blake felt that God is not a natural or organic being, he is a creation of man's imagination or "Poetic Genius." He states that "The Jewish and Christian Testaments are an original derivation from the Poetic Genius," supporting his theory that man has imagined God. In There is No Natural Religion (a), he speaks against the argument that man naturally perceives God. He states that the desires and perceptions of man are not natural or organic, but are things taught to us. In the end, Blake reminds us that is all things in this world were accepted as "natural," then "the Philosophic and Experimental would soon be at the ratio of all things, and stand still unable to do other than repeat the same dull round over again." We as humans, are too dependent upon acceptance and not enough on independence. In There is No Natural Religion (b), Blake tries to persuade his audience that our knowledge is not limited to the physical sense, it is free and unbounded, much like Blake's ideal spiritual life.

Three cultures essays

Three cultures essays The three different cultures that I will be discussing are those of the Babylonians, the Athenians, and the Romans. Each of these cultures had their own primary interests. These cultures will be described according to the following documents: the Code of Hammurabi for ancient Babylonia, the Funeral Oration of Pericles for Athenian Greece, and the Constitution of Rome for the Republican Rome. Some of these cultures also borrowed ideas from earlier cultures. The code of Hammurabi has many laws that tell us how the Babylonians thought and lived their daily lives. This law lists many offenses and the penalties for each. The code focuses on theft, womens rights, childrens rights, mens rights and slaves rights. All of the groups in Babylonia had their own rights and obligations. Slaves had some rights and they could eventually obtain freedom. Women were able to hold public positions and practice trades. The men of Babylonia were in charge of their households, but did not have authority over their wives. After reading the code of Hammurabi, I personally thought women were not given the benefit of the doubt. They were always found guilty and punished. They had to prove their innocence by being thrown into the Euphrates River. It was believed that this river was a judge of the people that were accused of committing crimes. Men, on the other hand, would be punished only if they were caught. For example, If a man violate the wife o f another man, who has never known a man, and still lives in her fathers house, and sleep with her and be caught, this man shall be put to death (Hammurabi, 2). This is basically saying that if the man is caught, he will be punished. After reading Pericles Funeral Oration, we can see why Thucydides believed Athens was the greatest of the Greek poleis. Their democratic government is a great example to the other governments. Even the poorest citi...

Josiah Wedgwood's Pottery Case Study Example | Topics and Well Written Essays - 2000 words

Josiah Wedgwood's Pottery - Case Study Example This essay declares that  Wedgwood understood that in order for his wares to become more desirable they would need to be more than perfectly produced. They needed a boost in status. Wedgwood felt they needed to transcend the universal opinion that all earthenware was inferior to porcelain. This was key if his creamware was to gain popularity, and most importantly, fetch the high porcelain prices he hoped for.   To achieve this, Wedgwood took a unique approach: he actively sought out royal patronage.   Before Wedgwood, Staffordshire potters had used their social status and money to promote their wares, but Wedgwood used his skill and the high quality of his wares to promote its social status, and his. Wedgwood’s set of â€Å"tea things† for Queen Charlotte was a success and just the boost in status his wares needed.   For England, unlike on the Continent, this was the first royal commission of local ceramics, and it was a major endorsement.  This paper stresses that  Wedgwood had the foresight to predict that the commission would bring him the powerful selling tool of prestige.   Although Wedgwood was confident that he should take the commission, he was concerned about whether he could successfully execute it. Of particular concern for Wedgwood was the gilding. Wedgwood consulted other potters, and eventually perfected a gilding method using powdered gold. Wedgwood’s end product was a success and the Queen was so pleased that she agreed to rename Wedgwood’s creamware â€Å"Queensware.†... ctives, Wedgwood formed a group of committee trustees to assist with investing not only with road improvements but also with canal constructions as well, because the latter was more efficient form of transport. Eventually, Wedgwood triumphed and the canal was built in the path of his new estate. The Trent and Mersey Canal was to become the main artery of the Grand Trunk Canal, which would have an extension leading to London. Wedgwood's transportation improvement goals became a reality. Wedgwood understood that in order for his wares to become more desirable they would need to be more than perfectly produced. They needed a boost in status. Wedgwood felt they needed to transcend the universal opinion that all earthenware was inferior to porcelain. This was key if his creamware was to gain popularity, and most importantly, fetch the high porcelain prices he hoped for. To achieve this, Wedgwood took a unique approach: he actively sought out royal patronage. Before Wedgwood, Staffordshire potters had used their social status and money to promote their wares, but Wedgwood used his skill and the high quality of his wares to promote its social status, and his. Wedgwood's set of "tea things" for Queen Charlotte was a success and just the boost in status his wares needed. For England, unlike on the Continent, this was the first royal commission of local ceramics, and it was a major endorsement. Wedgwood was offered the commission either, as he expressed in a letter to his br other "... because nobody else would undertake it..." or perhaps because the first potter had failed (Reilly, I, 200). Whichever was the case, Wedgwood had the foresight to predict that the commission would bring him the powerful selling tool of prestige. Although Wedgwood was confident that he should

Assessment Essay Example | Topics and Well Written Essays - 750 words - 1

Assessment - Essay Example The research teams have extensive experience in relevant fields hence they can conduct efficient studies and collect relevant disease data of all patients. They are conversant with patient recruitment and retention. The health personnel use both innovative and remote methods to recruit and retain patients to be enrolled for data collection. This body is very important since it has improved the living standards of patients through ethical and up to standard medical research due the professionalism practiced. It is also referred to as Shadow records. Physicians, pharmacists, psychologists and other health professionals maintained records of patients they attend. These records include copies of patient care information cards. The health record departments receive documents that carry information about a particular patient. Records received from Unit Medical Record (UMR) are forwarded to the health professionals to keep together with other patients’ records. All these comprise CMR and should not have any original document other than copies of the originals. CMR can also be Common Medical Record and this represents patient health history. It is mandatory that all health organizations in the Federal government synthesize health history of all patients. CMR is very valuable when health sector or organizations are tracing the root cause of diseases (Kominski, 2000). Health organizations process and reimburse claims. The organization billing departments are responsible for processing claims of third party payers, verification of insurance coverage and billing of Medicare. This process requires that health organizations maintain substantial information. The type of the service provided to the patient determines the type of billing forms that the third party payer will be issued with. The most common standard forms used by health organizations in United States of America are CMS-1450 and UB-92. These forms are submitted to third party

SAB Miller: Strategy Analysis and PEST

SAB Miller: Strategy Analysis and PEST INTRODUCTION SAB Miller is a South African brewing company and is the second largest brewer in the world, with sales and distribution across six different continents. SAB Miller with wide brand portfolio, both international premium beers to local brands it has come a long way, weathering turbulent times and political crisis. It is also one of the largest bottlers for Coca Cola. VISION AND MISSION OF THE GROUP VISION To be the most admired company in the global beer industry Investment of choice Employer of choice Partner of choice MISSION To own and nurture local and international brands that are the first choice of the consumer VALUES Our people are our enduring advantage Accountability is clear and personal We work and win in teams We understand and respect our customers and consumers Our reputation is indivisible CORPORATE STRATEGIES EMPLOYED BY SAB MILLER SAB Miller being one of the oldest (100 plus) brewing company it had tremendous experience in the brewing field and the strategies used by SAB Miller are categorized as follows: Political Acquisitions and mergers Wide portfolio Brand value POLITICAL SAB being oldest brewing company in South Africa it was battered by political crisis during the 20th century. It has emerged as a company with building its operations in emerging and mature markets. During 1948 due to racist system of Apartheid, there was opposition to the company. SAB also came across various other forces during this period they are: Business restricted to the country only Restrictions on doing business with international companies Investing in or trading with South African companies SAB formulated solution in order to comply with Government restrictions they were: In 1950, SAB moved its HO from London to Johannesburg. Focused on expansion mostly in southern parts of Africa and South Africa Dominating the local market and domestic beer production Expanding its product portfolio First company to employ the code of non-discriminatory employment In 1970 SAB became fully incorporated in South Africa and by the year 2000, it dominated the South African market to such an extent that 49 of every 50 beer consumed were brewed by SAB. IMPLICATIONS Due to the political conditions in South Africa SAB had very less room of doing business internationally, but these restrictions helped them to create a monopoly in South Africa. It owned a 99 percent market share here. It also incorporated its head quarters to Johannesburg, which helped it develop its market in Africa. Employing non-discriminatory code of employment helped it to gain public support. It expanded its portfolio by buying local breweries and started producing locally brewed Guinness, Amstel, and Carling black label. ACQUSITIONS AND MERGERS Due to the restrictions on local companies by the government, SAB had to settle in for the local South African market. Dominating the local market and eliminating competition was the goal of the company at the time and it was achieved by acquiring other local breweries and distribution facilities and by rationalized production. SAB also obtained the licensing of locally brewed Guinness, Amstel and Carling black label. SAB made major acquisitions immediately after when the imposed restrictions were relaxed due the finalized process for establishment of a multiracial democracy in 1990. SAB acquired Stellenbosch Farmers Winery in 1960. In 1993, SAB acquired Hungarys largest brewery, Dreher that opened new door for further developments into central Europe In 1994, SAB in joint venture with Tanzanian government it revitalized the brewing industry and also in countries like Zambia, Mozambique and Angola, SAB gave boost to production and distribution. During the 90s SAB established operations in China, Poland, Romania, Slovakia, Russia, and Czeck Republic. Acquiring 100% stakes in the Miller brewing company in 2002 was one of the most significant acquisitions made by SAB and becoming SAB Miller in the process. Licencing of shebeens and launching them in retail mainstream. SAB Miller also bought out its joint venture partner in India. SAB Miller in 2005 merged with South American brewer Grupo Empresarial Bavaria. IMPLICATIONS OF ACUSITIONS AND MERGERS SAB controlled an estimated 99% of the market share in South Africa and had dominating positions in Swaziland, Lesotho, Rhodesia and Botswana. SAB was able to diversify their business through joint ventures. Due to fragmentation and small-scale business in Europe and Asia SAB was able to create profitable and fast growing business. Launched quality products than their competitors for which the consumers had to pay more. SAB promoted their premium brands. Developing countries have growing economies thus opening doors for attractive markets. SABMiller sends in both technical and distribution teams for inspection before it enters the market Scare of HIV pandemic cost SAB costly labor, decrease in productivity SAB business spread provided them with portfolio business With volatile market in emerging economies where in SAB incurred majority of its profits, it had indirect effect in confidence of SAB in these countries. SAB listed itself on LSE to give boost to its infrastructure. Share price drop by 15.5% relative to FTSE 100 in the year end Nov 2000 Acquiring Miller Brewing Company made it second largest brewer in the world. SAB could balance out loss in one country with profits in other countries. Expanding production capacity and raising the quality of product in India. Dip in share price of SAB Miller after acquiring Miller Brewing Company. Introduced new packaging with new sales and distribution system and enhanced the flexibility of their production facilities. SAB Trained around 6000 newly licensed taverniers in business skills. SAB introduced broader and segmented brands SAB gained strong and profitable market in South America; profits went up by 25%. PORTFOLIO EXPANSION SAB Miller brewing company is the second largest brewing company and has a wide portfolio globally, it has over 200 varieties of alcoholic and non-alcoholic beverages, produced and distributed. The major premium brands are Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft, and Grolsch. They started their expanding its portfolio by gaining control over Stellenbosch Farmers Winery in 1960. Between 1960s- 70s it obtained license to brew locally Guinness, Amstel and Carling black label. In 1987, SAB acquired Lion Match Company. Re-launch of Miller geniuine draft with high end positioning of mainstream market. Launch of Peroni Nastro Azzurro. EFFECT Dominating the South African Market Leading match manufacture in South Africa Better market position Increase in sales Profitable production and distribution Capture of demographic market Competitive advantage on the world stage Improvised marketing, sales and distribution Annual report emphasized the importance broader portfolio in the companys corporate success. PEST ANALYSIS PEST analysis of an organization is an important part of strategic planning, as it looks at the external environment in which the firm operates. PEST analysis helps company to develop strategies. The factors taken into account are: Political Economic Social Technological Political Factors Under Political factors we have is the government rules and regulations on operations of a firm or company. For SABMiller the following factors apply: South African government regulations Crisis due to racism International dealing and trading restrictions Employment laws Economic Factors Economic factors include exchange rate, taxation, market growth trends, GDP, disposable income, inflation, production volume, etc In SABMillers case, the following apply: Volatility of the exchange rate in developing countries Economic growth in developing worlds Listing on LSTE Acquisition of Miller Brewing Company Sensible product pricing Production and distribution costs Resource and labor cost Labor unrest Social Factors Social factors include the demographic and cultural aspects, health and living standards, population shifts and so on. In case of SABMiller Change in consumption pattern Attachment to locally brewed beer Consumers becoming heath conscious Class structure Technological Factors Technological factors include new invention, improvised tools and techniques, communication etc. It can lower barriers to entry, can lower down minimum efficient production levels, and influence outsourcing decisions. In SABMillers case are as follows: Research and development World class Automation in developing countries Production and distribution expertise Technology improvements QA 1. Identify the corporate logics that SABMiller have adopted over the course of the case. As discussed above SABMiller has adapted various strategies in order to be a leading brewer, they are: Dealing with political rules and regulations Acquisitions and merger on a global scale Broader portfolio Business in developing economies e.g. China, India Repositioning and re-launching of products Buying controlling stakes in newly privatized brewery 2. Strategy a. Explain the strategic position that SAB finds itself in 2007. As described SABMiller has good strategic position apart from fierce competition by Anheuser-Busch. Dominating positions in South African and South American markets with good market share in Europe SAB has expanded globally especially in Central and Eastern Europe, China apart from Southern part of Africa. It has operations in over of 18 countries with 30 breweries, with capacity 30.5 million hectoliters capacity and 22 sorghum beer with 8.5 million hectoliter capacity thus can create major market in these countries. Though SABMiller lost the bid to acquire Harbin Brewery to Anheuser-Busch, it had competitive market in China with market growth by 6-8 percent per year. With wide portfolio, SABMiller was able to capture the demographic market. SAB was able to balance out loss in one country with profits in other countries. With growing economies in developing countries, there was increase in disposable income, which gave way for better market share and profits with attractive pricing. Even though SABMiller had a few problems with share price drop due to listing company in LSE and acquisition of Miller Brewing Company, stakeholders must have a firm belief in the SABMiller as it a FMCG company. The chance of losing share value is rare and with globalization of the company, the chances are high profitability and higher dividends to shareholders. Acquisition of the major breweries and winery has helped SAB in dominating as well as having monopoly in countries SABMiller had a strong and wide portfolio with launch of new products and attractive pricing, creating strong demographic market and flexibility in the system. SABMiller could use its world-class technology and operation expertise to develop market in continents and also SABMiller sends in both technical and distribution teams for inspection before it enters the market Africa Has around 99% market share in South Africa and dominates in the rest of Africa. Asia/E.Europe Has breweries is Asia pacific but with fierce competition and growth of market in India. Good market share in Russia, Romania, and Czeck Republic and with acquisition of Hungarys brewery Dreher which paved way for further developments in Europe. However, the future here remains uncertain until any major take over is carried out. Latin America Merger with Grupo Empresarial Bavaria 2nd largest brewer in South America consolidated SABMillers position. 4. Acquisition of Miller Brewing Company is the only major deal by SAB and becoming 2nd largest brewer, but has a tough time because of stiff competition by Anheuser-Busch. 5. SABMiller has a strong and diversified business with broad portfolio that will ultimately pay off as it creates a demographic market and flexibility in operations. 6. Joint venture with Grupo Empresarial Bavaria 2nd largest brewer in South America opened doors in Latin America, with lower investment and creating opportunities for itself 3. On the basis of your analysis, recommend the strategy that SAB should follow. In my opinion SABMiller must develop their markets is Asia i.e. in China, India, and Asia Pacific. Though the market remains volatile, the chances of profit making are high. SABMiller must look forward to acquire Harbin brewery in China, as the market growth rate is 6-8 percent per year. SABMiller must try acquiring majority stakes in Bavaria brewery, as there is growth in market. SABMiller can dominate the local market and develop excellent operations by acquiring breweries with low performance, but with dominating market share with its expertise in production, distribution operations.