Job Satisfaction in Organizational Psychology

Job Satisfaction in Organizational Psychology Job satisfaction can be known to some people as an important element in their lives. If an individual is unhappy with their occupation it may affect other parts of their life. Job satisfaction can be seen in what one wants in a job as to what one has in their current job. Definition of Job Satisfaction Job satisfaction can be defined as an attitude or feeling one can have toward ones job. Job satisfaction is â€Å"the extent to which people like (satisfaction) or dislike (dissatisfaction) in their jobs. Spector 1997) One of the biggest studies in job satisfaction was the Hawthorne studies which were credited to Elton Mayo in the year's nineteen twenty-four to nineteen fifty-three. Elton Mayo was from Harvard Business School who sought to find the effects of various conditions focusing on workers' productivity. His study showed that changes in work conditions temporarily increased productivity which is also known as the Hawthorne Effect. Some individuals may form an attitude towards their jobs by taking into account their feelings, beliefs and behavior.All these different factors can affect ones job satisfaction Example of Organizational Socialization and Job Satisfaction A great example of how organizational socialization goes a long way in ensuring job satisfaction is in the United States military. When a person decides to join any branch of the military there is a process in becoming a soldier. The organizational socialization that the military subjects the future soldiers to may be different than what goes on in the civilian world or any standard organization. Boot camp is the training that all soldiers must partake in and pass in order to become a soldier.Boot camp is where the United States will teach the individual civilians the behaviors, skills, functions, values, culture, and roles that must be learned before one can be considered a soldier (McKittrick, 1984). Once boot camp has been completed and the sold ier has passed both the physical and mental requirements, then this will have a major influence on the performance of the soldier (McKittrick, 1984). Completion of the formal socialization or boot camp will increase productivity, increases self assurance, self worth, self esteem, oyalty, and job satisfaction (McKittrick, 1984). The better and faster that a soldier or any new hire is socialized then in turn will have a trickledown effect and the higher level of organizational socialization will lead to higher levels of job satisfaction. Higher job satisfaction will then lead to higher retention by the company, thus saving the company or in this case the government money by decreasing turnover (McKittrick, 1984). For this reason the government normally offers cash bonuses to soldiers who wish to re-enlist in the military for.Explain the impact that organizational socialization has on job satisfaction? The impact of organizational socialization has on job satisfaction is factored on jo b performance. If an individual is not satisfied with the organizations core role, the individual will rebel when not given the proper answers to the demand. Organizations base performance results on individual workload. Workload is commonly known as the work given to an individual at a certain time frame. Workload can also be defined as a stress carrier and if the quantitative workload is not distribute properly.Organizational socialization is in charge of complying properly with the individuals needs to avoid issues as occupational stress (Jex, 2008). Motivation is the key to understanding and fulfilling the individual’s necessitations. Job satisfaction is impacted personal issues when in time can accumulate and develop stress. The individual's performance includes well being, motivation, and encouragement. Each organization hires different ethnicities, different cultures, and unique individuals. The organizational socializations goal is to find the key to each individual a nd promote job satisfaction.A goal setting atmosphere is preserved to the gravity of job satisfaction. When the individual has no motivation for success and looses interest in the commitment to the organization; results of failure in organization socialization (Jex, 2008). Job satisfaction comes from understanding the importance in commitment of the organization. Organizational socialization impacts the satisfaction and well being of the individual. The impact the individual leaves on the company’s success is the result of the job satisfaction of the organizations member. Commitment is the key of the organization.Motivation is what drives the individual to keep the company growing. The job satisfaction of the individual is the result of organizational socialization. Relationship between Organizational Commitment and Job Satisfaction The relationship between organizational commitment and job satisfaction is significant. Job satisfaction can be defined as the extent to which pe ople like or dislike their jobs and organization commitment is a psychological state that determines the employees relationship with the organization and can determine how long an employee will stay with an organization.Researchers have determined there are three types of focuses that determine types of organizational commitment; affective, continuous, and normative. Affective commitment is the employee’s perception of how they feel about their organization and how they identify with their organization. Continuous commitment is the cost that employee feels that will be made is they stay or leave an organization. Normative commitment is the level of commitment an employee feels towards their organization. Job satisfaction is one of the most frequently measured organization variables.Organizations use these measurements to determine how satisfied their employees are and researchers use this information to determine if the job satisfaction or the lack of job satisfaction is a si tuational perspective or interactional perspective. Organizational commitment is critical to organizations due to the desire to retain a strong workforce. Organizations want to know why employees stay or leave their organizations so if correction is needed they have some tools to proceed with the correction. High turnover of employees in an organization can determine if an organization is successful or not.While turnover is related to all three areas of commitment researchers have determined that Affective commitment is one most associated with absenteeism and organizational citizenship (Williams J. 2004). Example on Organizational Commitment to Positively Impact Job Satisfaction At times employees go to work each day knowing they have to complete the daily task of doing so. Some individuals may not like their current job or what occupation they currently hold for one reason or another. At times, it may not be the fact they may not like their job, but the working conditions, policie s or even the people they make work with.Job satisfaction and organizational commitment are two of the most important roles people live with each and every day. Both may and can impact and individual's relationship whether it may be at work and dealing with family issues and may affect them with work depending the outcome of work situations and/or issues. In order for an employee to be able to be content and provide and excel in excellence in their daily job duties, some employers may suggest incentives. They may provide bonuses or time off for some employees doing well. This may help the employee keep doing better by working hard so they may receive the incentive.Some employers may offer alternate work schedules. This can help employees complete daily task and balance work with personal life so one may not interfere with the other. â€Å"Organizational commitment is a psychological state that (a) characterizes the employee's relationships with the organization and (b) has implicat ions for the decisions to continue membership in the organizations. † (Meyer and Allen 1994) This basically states if employees are happy working with the organization they will do well and if the employee is not happy with the organization it can affect the way they perform their daily duties for the organization.Some employers provided assistance with counseling in case an employee is having trouble or personal issues they may be dealing with that maybe affecting their job duties. This may help the employee resolve or take care of personal issues so they may feel up to par to continue with their work. The way on organization deals with policies and or rules and enforces them may also affect the way there employees are working. Employers may also have frequent meetings or mediation gatherings to ask employees opinions on what may be working or what may need to change to better employee's production.They may also provide different types of training to ensure all employees are taught the same and may be on the same page as everyone else and upper management. Job satisfaction is an important factor to think about since work is one of the main functions people all around the world experience each and every day. If one is satisfied performing their job duties each and every day they will work well and even improve some regular job functions.References Williams J. 2004), Job Satisfaction and Organizational Commitment, Sloan Work and Family, Research Network, Boston College, ttp://wfnetwork. bc. edu/encyclopedia_entry. php? id=244 Source: Jex, S. M, & Britt, T. W. (2008) Organizational Psychology. A Scientist-Practitioner Approach. Second Edition. Retrieved from uop McKittrick, R. B. (1984). An Analysis of Organizational Socialization in the Marine Corps. Retrieved from http://www. globalsecurity. org/military/library/report/1984/MRB. htm Herzberg, F. (1968). One more time: How do you motivate employees? Harvard Busines

Business plan on milk company Essay

India is a state declared backward area and is eligible for various Fiscal incentives. In kuvadva, the land is cheaply and easily. Here, taxation is also less. Other favourable reasons for the selection to this particular location are as under: 1. Raw Material: Sufficient raw materials like Milk, Flavour, Water, etc. , are easily available. 2. Market: From the marketing point of view, we have a good and encouraging market for our product. There is a good demand available for Flavoured Milk. 3. Labour: We have got stable labour force and right type of labour in adequate numbers at reasonable wage rates. 4. Transportation: Being Rajkot a big city, we can easily have availed the transportation facilities. 5. Availability of Infra- Structure facilities: All infra structural facilities like water, electricity, telephone, etc. are very easily available. 6. Other facilities: Other large number of facilities can be available at this place such as subsidy, loans at cheaper rate, etc. PRODUCT INTRODUCTION AND MARKET ANALYSIS Dairy industry is of crucial importance to India. The country is the world’s largest milk producer, accounting for more than 13% of worlds total milk production. It is the world’s largest consumer of dairy products, consuming almost 100% of its own milk production. Dairy products are a major source of cheap and nutritious food to millions of people in India and the only acceptable source of animal protein for large vegetarian segment of Indian population, particularly among the landless, small and marginal farmers and women. Dairying has been considered as one of the activities aimed at alleviating the poverty and unemployment especially in the rural areas in the rain-fed and drought-prone regions. In India, about three-fourth of the population live in rural areas and about 38% of them are poor. The progress in this sector will result in a more balanced development of the rural economy. The importance of milk in human diet especially for children and expectant and nursing matters is vital. To meet the demand of the increasing population milk production in India has to be increased. It is neither possible nor desirable to increase the cattle and buffalo population to achieve this target. This can only be achieved by stepping up milk production of our bovine population by cross breeding of cows and use of improved cows and cow. Today, dairy cows are specialized to produce large volumes of milk. Specialist scale dairy farming is only viable where either a large amount of milk is required. Uses & Applications of Milk The term ‘milk’ refers to a heterogeneous mixture secreted by the healthy mammary glands containing fat, proteins and carbohydrates along with minerals and vitamins in the form of emulsion, colloidal suspension and true solution respectively in the continuous phase of water. In the other words milk may be defined as an emulsion of fat in a watery solution of sugar and mineral salts and with protein in a colloidal suspension. On storage of milk at some more temperature for some time, the acidity found increased to some extent and this increased acidity is known as Developed acidity. Milk is used as a food, Used as a complete food of infant, It is used to prepare curd, butter, ghee, cream and ice cream etc. , Milk is used in all homes, It is used in hotels and restaurants as milk food preparation and in the preparation of tea. Market Survey India is the world’s largest producer of dairy products by volume, accounting for more than 13% of world’s total milk production, and it also has the world’s largest dairy herd. The Indian Dairy sector acquired substantial growth momentum from 9th Plan onwards, achieving an annual output of 121. 8 (estimated) million tons of milk during 2010-11. This has not only placed the country on top in the world, but also represents sustained growth in the availability of milk and milk products for the growing population. The market is currently growing at round 5% pa in volume terms. There is an impressive level of processing i. e. 22% in organized sector. Major players in the dairy sector with dairy products include Gujarat Co-operative Milk Marketing Federation (GCMMF) and Nestle are the largest player. Other includes Milk food Limited, SmithKline Beecham Limited, Indodan Industries Limited, H. J. Heinz Limited, Britannia, Cadbury, etc. All other local dairy cooperatives have their local brands (For e. g. Gokul, Warana in Maharashtra, Saras in Rajasthan, Verka in Punjab, Vijaya in Andhra Pradesh, Aavin in Tamil Nadu, etc. ). Other private players include J K Dairy, Heritage Foods, Indiana Dairy, Dairy Specialties, etc. SOURCE OF RAW MATERIAL The one and only raw material on which the dairy plant functions is MILK. And as Gujarat has abundant livestock especially buffalo’s availability of the raw material is not a problem here. Fig. 1 Lower level or primary level milk producer’s co – operative make a collection of milk from member producers. Members’ producers are farmer owing cows of buffalos. They bring milk to primary level societies. The collection of milk through members’ producers standing in queue. An account of every member producer is maintained which contains the details regarding the fat content, quality and quantity of goods, time of collection and the payments due or outstanding. In case of quality of the co – operative must be alert so as to neglect. The collection of source milk and substandard milk. For pricing collected milk importance is given to quality. The milks’ prices are based on FAT and SNF. I. e. sold non-fat contents. It needs to consider the bacteria population in the milk for raw material paying milk price. Payment is done on daily or monthly bases depending upon co – operative policy and members’ preference. This milk is proportionately distributed and brought to milk processing plant. MACHINERIES 1. PASTEURIZER: Fig. 2 The pasteurizer consists of plate heat exchanger, balance tank, pump, hot water circulation system (including mixer of steam and water, hot water pump, steam adjusting valve and water level control) and computer system for pasteurisation program, CIP program, and temperature control. It is used in heating and cooling raw material. The pasteurizer is usually used in the process of milk, ice-cream, milk powder, fruit juice, and beverage, which is sensitive to heat. The material is pumped to the plate heat exchanger, then undergone preheating, holding, heat energy recover and cooling, which can keep the products original physical nature and taste. If the temperature is below the set degree, this is sensed by a temperature transmitter. A signal activates flow diversion valve and the material flows back to the balance tank, then the material is pasteurized again. The state of the pasteurization temperature is recorded on a disc of the recorder in process of pasteurization. 2. POLLY FILL MACHINE: The Polly fill machine helps to pack the milk into the achieves their bottles of various sizes. One such machine can pack 100 bottles of milk in one single minute. Fig. 3 PRODUCTION PROCESS Milk is processed through a process called pasteurization. In the process of pasteurization, the milk product is actually heated. The milk is heated in order to kill any bacteria that may be within the milk still. After the milk is pasteurized and all bacteria are killed off, the milk is then cooled and packaged and then shipped out to stores. Diagram 1 Dairy cattle are brought in twice a day and milked. Fig. 4 The cattle on this farm are fitted with microchip collars that register each individual cow as she enters the milking shed. This microchip identification allows the production figures to be collected & collated by computer for each cow. Each cow has its complete production for each location. Fig. 5 After milking, the milk is cooled and stored in refrigerated vats at four degrees Celsius until collected by the milk tanker. Milk is collected once a day. The tanker driver carries out preliminary tests to the milk, checking its smell, taste and that it has been refrigerated to four degrees Celsius. The failure to store at less than four degrees Celsius can result in the milk being bought at a reduced price or not at all. It is extremely important that milk remains refrigerated at all times to maintain product freshness. Because milk is a nutritious food, any bacteria that are present in milk will grow and multiply rapidly, particularly if the milk is not refrigerated. Fig. 6Fig. 7 At the milk factory the milk is pumped into holding tanks where it is held until the results of tests that are routinely carried out are known. These tests include: somatic cell counts, total plate count, butterfat percentage and protein percentage. The results of these tests help determine the price paid by the milk factory to the farmer. Fig. 8 PRODUCTION CAPACITY. Office equipment30,000 †¢TOTAL FIXED CAPITAL:Table no. 10 Sr. No. ParticularsTotal Value 1. Land37,00,000 2. Building17,50,000 3. Machinery and Equipment 9,35,000 4. Furniture 1,20,000 5. Office equipment 30,000 Total65,35,000 †¢TOTAL WORKING CAPITAL:Table no. 11 Sr. No. ParticularsTotal Value ( 1 month) RsTotal Value ( 3 month) Rs 1. Raw Materials9,08,00027,24,000 2. Salary and Wages 50,100 1,50,300 3. Utilities 14,000 42,000 4. Other expenses 14,000 42,000 Total9,86,10029,58,300 †¢TOTAL COST OF PROJECTTable no. 12 Sr. No. ParticularsTotal Value Rs. 1. Total Fixed Capital65,35,000 2. Total Working Capital ( For 3 Months)29,58,300. Total94,93,300 FINANCIAL ARRANGEMENT †¢SOURCES OF FINANCETable no. 13 Sr. no. ParticularsAmount Rs. Total Amount Rs 1. Promoter’s Contribution (71. 91% of total Capital required)68,26,300 2. Borrowed Capital(28. 09% of total Capital required) 12% of GSFC (50% of borrowed Capital) 12% of IDBI (50% of borrowed Capital) 13,33,500 13,33,500 26,67,000 Total94,93,300 †¢INTEREST ON CAPITALTable no. 14 Sr. no. ParticularsInterest RateTotal Value Rs. 1. GSFC Loan12%1,60,020 2. IDBI Loan12%1,60,020 3. Own Contribution9%6,14,367 Total9,34,407 PROFITIBILTY OF THE PROJECT (PER MONTH) †¢COST OF PRODUCTIONTable no. 15. Particulars1st year (60% Prod. Capacity)2nd year (80% Prod. Capacity)3rd year (100% Prod. Capacity) Variable Cost Raw material Wages Other expenses Utility 1,08,96,000 2,11,200 84,000 1,68,000 1,45,28,000 2,81,600 1,12,000 2,24,000 1,81,60,000 3,52,000 1,40,000 2,80,000 Total Variable Cost1,13,59,2001,51,45,6001,89,32,000 Fixed Cost Salary to Staff Depreciation Total interest paid Other expenses (50% of Office & Admin. Expenses) 3,90,000 4,31,250 9,34,407 84,000 3,90,000 3,51,938 12,45,876 84,000 3,90,000 2,89,490 15,57,345 84,000 Total Fixed Cost32,76,657 32,89,73833,59,912 Total Cost1,46,35,8571,84,35,3382,22,91,912. †¢COST SHEETTable no. 16 Particulars1st year2nd year3rd year Raw Material Consumed Opening stock of R. M Add: Purchase of R. M. Less: Closing stock of R. M. – 1,08,96,000 – — 1,45,28,000 – — 1,81,60,000 – – Cost of Raw Material1,08,96,0001,45,28,0001,81,60,000 Add: Direct wages Utility Total2,11,200 1,68,000 3,79,2002,81,600 2,24,000 5,05,6003,52,000 2,80,000 6,32,000 Prime Cost1,12,75,2001,50,33,6001,87,92,000 Factory Overheads: Repairs and maintenance Supervisor Production manager Depreciation on Building Depreciation on Machinery 18,000 72,000 84,000 1,75,000 2,33,750 21,000 72,000 84,000 1,57,500 1,75,312. 24,000 72,000 84,000 1,41,750 1,31,484 Factory Cost5,82,7505,09,8124,53,234 Administrative Expense SALARY TO: Manager A / C Clerk Peon Watchman Depreciation Interest on borrowed loan 84,000 36,000 18,000 8,400 12,000 22,500 3,20,040 84,000 36,000 18,000 8,400 12,000 18,825 2,74,320 84,000 36,000 18,000 8,400 12,000 16,256 2,28,600 Administrative Cost5,00,9404,51,5454,03,256 Cost of Production1,23,58,8901,59,94,9571,96,48,490 Add: Op. stock of Finished goods Less: Cl. Stock of Finished goods- 1,10,0311,10,031 1,35,0541,35,054 1,91,740 Cost of Goods Sold1,10,0312,45,0853,26,794 Sales and Distribution expenses. Salary to Sales Manager Transportation Expenses Advertising & Publicity Expenses Sales Expenses 84,000 14,400 60,000 14,400 84,000 19,200 80,000 19,200 84,000 24,000 1,00,000 24,000 Total1,72,8002,02,4002,32,000 COST OF SALES1,24,21,6591,60,37,6421,97,43,284 SALES1,45,30,6441,94,85,1642,43,30,412 PROFIT21,08,98534,47,52245,87,128 †¢RAW MATERIAL:Table no. 17 Sr. no. Raw materialQuantityRateTotal amount Rs. 1. Milk60,000 liters40 per liter2,40,000 2. Bottles1,60,0005 per bottle6,50,000 3. Bottle caps60 cartons(3000 caps each)300 per carton18,000 Total9,08,000 †¢STAFF AND LABOUR SALARY AND WAGES:Table no. 18 Sr. No. ParticularsNo. of PersonTotal Value Rs. 1. Admin staff330,800 2. Skilled Worker49,000 3. Unskilled Worker810,300 Total 50,100 †¢UTILITIES:Table no. 19 Sr. No. ParticularsTotal Value Rs. 1. Power12000 2. Water2000 Total14000 †¢INTEREST ON CAPITALTable no. 20 Sr. no. ParticularsInterest RateTotal Value Rs. 1. GSFC Loan12%1,60,020 2. IDBI Loan12%1,60,020 3. Own Contribution9%6,14,367 Total9,34,407 †¢REPAYMENT OF BORROWED LOANTable no. 21 Particulars1st year2nd year3rd year4th year5th year6th year7th year Total Loan (26,67,000)26,67,00022,86,00019,05,00015,24,00011,43,0007,62,0003,81,000 Less: Installment3,81,0003,81,0003,81,0003,81,0003,81,0003,81,0003,81,000 Closing Balance22,86,00019,05,00015,24,00011,43,0007,62,0003,81,000NIL Total Interest on Borrowed Loan 3,20,040 2,74,320 2,28,600 1,82,880 1,37,160 91,440 45,760 †¢DEPRECIATION SCHEDULETable no. 22 Sr. No. Particulars1st year2nd year3rd year 1. Building (10%) Less: Depreciation Closing Balance17,50,000 1,75,000 15,75,00015,75,000 1,57,500 14,17,50014,17,500 1,41,750 12,75,750 2. Machinery (25%) Less: Depreciation Closing Balance9,35,000 2,33,750 7,01,2507,01,250 1,75,313 5,25,9375,25,937 1,31,484 3,94,453 3. Furniture (15%) Less: Depreciation Closing Balance1,20,000. 18,000 1,02,0001,02,000 15,300 86,70086,700 13,005 73,695 4. Office and Equipment (15%) Less: Depreciation Closing Balance30,000 4,500 25,50025,500 3,825 21,67521,675 3,251 18,424 †¢OTHER EXPENSES:Table no. 23 Sr. No. ParticularsTotal Value Rs. 1. Postage and stationery1000 2. Repair and Maintenance1500 3. Advertising and Publicity5000 4. Transport Charges1200 5. Insurance and Taxes2000 6. Sales Expenses1200 7. Telephone Expenses1500 8. Miscellaneous Expenditure600 Total14000 OPERATING STATEMENT Table no. 24 Particulars 60%80%100% Sales (A)1,45,30,6441,94,85,1642,43,30,412 Cost Of Production Raw Material Utility Wages Total Cost. ADD: Opening Stock of Finished goods LESS: Closing Stock of Finished goods Total Operating Cost (B) 1,08,96,000 1,68,000 2,11,200 1,12,75,200 – 1,10,031 1,11,65,169 1,45,28,000 2,24,000 2,81,600 1,50,33,600 1,10,031 1,35,054 1,50,08,577 1,81,60,000 2,80,000 3,52,000 1,87,92,000 1,35,054 1,91,740 1,87,35,314 GROSS PROFIT (A – B = C) 33,65,475 44,76,587 55,95,098 Indirect Expense: Other Expense (Fixed) (Variable) Salary to staff Depreciation Total Indirect expense (D) 84,000 84,000 3,90,000 4,31,250 24,85,750 84,000 1,12,000 3,90,000 3,51,938 22,09,412 84,000 1,40,000 3,90,000 2,41,295 19,90,762 EBIT (C –D = E)8,79,72522,67,17536,04,336. Interest on own Capital Interest on Borrowed Loan Total Interest (F)6,14,367 3,20,040 9,34,407 6,14,367 4,26,720 10,41,087 6,14,367 5,33,400 11,47,767 EBT (E – F = G)(-) 54,68212,26,08824,56,569 LESS: Tax (40%)————4,90,4359,82,628 EATNIL7,35,65314,73,941 RATIO ANALYSIS PROFITABILITY ANALYSIS RETURN ON INVESTEMENT = EBIT x 100 Total Capital Investment (For the 1st year) = 8, 79,725 x 100 53, 34,000 = 9. 27% (For the 2nd year)= 22, 67,175 X 100 94, 93,300 = 23. 88% (For the 3rd year)= 36, 04,336 X 100 94, 93,300 = 37. 97% COST OF CAPITAL= Int. on own capital + Int. on borrowed capital x 100 Capital employed. (For the 1st year)= 5, 60,070 x 100 53, 34,000 = 10. 50% (For the 2nd year)=8, 33,394 x 100 94, 93,300 =8. 78% (For the 3rd year)=7, 37,357 x 100 94, 93,300 =7. 77% GROSS PROFIT RATIO = Gross Profit x 100 Total Sales (For the 1st year)= 33, 65,475 x 100 1, 45, 30,644 = 29. 59% (For the 2nd year)=44, 76,587 x 100 1, 94, 85,167 =22. 97% (For the 3rd year)=55, 95,098 x 100 2, 43, 40,412 =23% NET PROFIT RATIO= Net Profit x 100 Total Sales (For the 1st year)= 14, 41,818 x 100 1, 45, 30,644 =9. 92% (For the 2nd year)=26, 49,962 x 100 1, 94, 85, 164 =13. 60% (For the 3rd year)=38, 48,641 x 100 2, 43, 30,412 =15. 82% BEP ANALYSIS. BEP (In Units) = Fixed Cost Contribution (For the 1st year)=32, 76,657 8. 73 = 3, 75,333 units (For the 2nd year)=32, 89,738 2. 15 =15, 30,111 units (For the 3rd year)=33, 59,912 8. 88 =3, 78,368 units BEP (In Rs. ) = BEP in Units x Selling Price (For the 1st year) = 3, 75,333 x 40 = 1, 50, 13,320 (For the 2nd year)=15, 30,111 x 40 =6, 12, 04,440 (For the 3rd year)=3, 78,368 x 40 =1, 51, 34,720 PROFIT & LOSS A/C Table no. 25 Particulars1st year2nd year3rd year Income Sales ADD: Closing Stock Total of Income 1,45,30,644 1,10,031 1,16,40,675 1,94,85,164 1,35,054 1,96,20,218 2,43,30,412 1,91,740 2,45,22,152 Expenditure Opening Stock. ADD: Purchase of R. M. Utility Wages Total of Expenditure – 1,08,96,000 1,68,000 2,11,200 1,12,75,200 1,10,031 1,45,28,000 2,24,000 2,81,600 1,51,43,631 1,35,054 1,81,60,000 2,80,000 3,52,000 1,89,27,050 GROSS PROFIT33,65,47544,76,58755,95,098 Other Expense Other exp. (Fixed) (Variable) Salary Depreciation Int. on own Capital Int. on borrowed Capital Total 84,000 84,000 3,90,000 4,31,250 6,14,367 3,20,040 19,23,657 84,000 1,12,000 3,90,000 3,51,938 6,14,367 2,74,320 18,26,625 84,000 1,40,000 3,90,000 2,41,000 6,14,367 2,28,600 17,46,457 NET PBT14,41,81826,49,96238,48,641 BALANCE SHEET (1st year) Table no. 26 ParticularsAmount (Rs.)Amount (Rs. ) Liabilities Promoter’s Capital Borrowed Loan IDBI 13,33,500 GSFC 13,33,500 Profit and Loss A/C Total Liabilities 68,26,300 26,67,000 14,41,818 1,09,35,118 Assets Gross Block (Less: Depreciation) Debtor Cash on Hand Closing Stock Total Assets 24,03,750 18,85,336 65,36,001 1,10,031 1,09,35,118 BALANCE SHEET (2st year)Table no. 27 ParticularsAmount (Rs. )Amount (Rs. ) Liabilities Promoter’s Capital Borrowed Loan IDBI 13,33,500 GSFC 13,33,500 Profit and Loss A/C Total Liabilities 68,26,300 26,67,000 26,49,962 1,21,43,262 Assets Gross Block (Less: Depreciation) Debtor Cash on Hand Closing Stock Total Assets 20,51,812. 24,89,099 74,67,297 1,35,054 1,21,43,262 BALANCE SHEET (3st year)Table no. 28 ParticularsAmount (Rs. )Amount (Rs. ) Liabilities Promoter’s Capital Borrowed Loan IDBI 13,33,500 GSFC 13,33,500 Profit and Loss A/C Total Liabilities 68,26,300 26,67,000 38,48,641 1,33,41,941 Assets Gross Block (Less: Depreciation) Debtor Cash on Hand Closing Stock Total Assets 17,62,322 28,46,970 85,40,909 1,91,740 1,33,41,941 INTRODUCTION Lawrence Apply wrote, management is the development of the people and not the direction of things. Employees hold a key place in business. No business enterprise can exist and function without employees. The plan of the business may be perfect and also structure of the organisation may be perfect but if the recruitment of personals is unscientific, the business can’t gown. Milk sense pvt. Ltd. will enrich with technically sound and convicted manpower. The average age of the employees will be 23 years, their total appears will be 500, and their technical strength will be approximately 170, staff strength of the Dairy will be 110 and trainee workers will be approximately 230, Development and empowerment is the trait of the H. R. D. functions. The trainer and workers get hostel facilities and other benefits. BATCHES AND FACILITIES. Milk sense will run 2 shifts and the employers are distributed to fulfil the requirement. 1st sift runs from 8. 00A. M to 8. 00 P. M 2ed sift runs from 8. 00P. M to 8. 00 A. M Besides these the employees will be given many benefits like: 1. Uniform change room 2. A good canteen facility 3. Bonus 4. Transportation Facilities etc. 1. Uniform change room In milk sense pvt. Ltd. Workers will be provided with a changing room because workers will have to work with a food product hence the milk should be pure and germ free for those workers will have to change their cloths before starting their respective work. 2. Canteen Facility. One canteens functioning at site, where Breakfast / snacks are available in the morning hour and lunch from 12:00p. m. To 2:30p. m. at fixed charges. Tea, coffee etc. will be served in the office two times in the morning hours and once in the afternoon. 3. Bonus During festival season and at time of high profits the company will give bonus to their workers and employees. 4. Transport facility The company provides free bus services to commute and from all corners of Rajkot, kuvadva. TRAINING PROGRAMME AND WORKSHOP The Hosiery training centre Ahmedabad trains operating and maintenance of staff in the Dairy and food industries. Technical facilities at the institute were augmented during the year to meet the needs of co-operatives and private sector industries 260 participants attended various courses at the institute during the year. Milk sense’s personnel department will involve activities such as, †¢To recruit and select the very best candidates available for each vacancy. †¢Develop personal performance through improvement processes, which contributes to the overall growth of the employees and workers. †¢To create effective, need – based, future – ready, flexible salary and wages systems. †¢To create and keep record of each employee and worker. SALARY AND QUALIFICATION Minimum Salary to the workers in the dairy is Rs. 100 per day besides this they are provided provident facility. They are given wages as per the factory act. Qualification:- All the employees of the milk sense pvt. Ltd. will have to get the qualification of ITI or graduation. PERFORMANCE APPRAISAL Performance Appraisal is a system evaluation of a works performance and potential for development. The overall objective of performance official duties is importance the efficiency of an enterprise by attempting to mobilize the best possible efforts from individual employed in it. The salary reviews, the development and training of individuals, planning, job ration, each and every firm has its own method to evaluate this performance. In Our Company we also measure the skills, ability, performance, important function of personnel management, which helps them to make important decision like training and development, promotion, transfer etc. In a company the head prepares performance of any candidate’s confidential report and it is presented to his highest authority. This report is managed to any candidate to transfer, promotion etc. INTRODUCTION Marketing is a very vital function of any industries. To reach high profits. Every company has to handle its marketing function with care. As the whole world is turning in to a global market marketing function is getting more important in every company. The term marketing is changing in the word. If the market does a good job understanding Consumer need develops product that provide superior value and price distributes and promoters then officially According to E. W. cundiff and R. R. still, â€Å"marketing management is concerned with the direction of purposeful activities towards the attainment of marketing goals. † The basic goal of marketing is satisfaction of needs of customers and generation of revenue for the business purpose. ? GENERAL INFORMATION In MILK SENSE PVT. LTD. marketing will be a basic activity for the total business it is market which sells and distributes products to the people who need them at a place they want at a time they require and at a price, they are prepared to pay of late marketing department. Milk sense will have attracted the increasing attention from companies and nations because it provides good quality of product. Milk sense also provides enough quantity with the respect to price Density price channel of distribution etc. are all made on the basis of the information picked up from the market through constant & systematic research. MARKETING MIX According to Ferrel, Lucas and Luck a product, with the target Market as focal point, serves as the starting point for the development of a marketing mix strategy and forms the basis for all other decisions regarding distribution, promotion and price. Decisions relating to the development and marketing of products include amongst others, decisions about product attributes, branding, packaging and labeling. Milk is classified as a consumer good rather than a business good. It can further be defined as a convenience good in that the customer is supposed to have complete knowledge of the product before purchasing it, and because it is also purchased with minimum effort. It is important that milk, as a convenience good, be readily available when and where the consumer needs to purchase it. PRODUCT LIFE CYCLE: The declining consumption of milk has become an international phenomenon. The consumption of soft drinks has tripled in this period, making them the most popular beverage, while milk is ranked fourth after coffee and tea. PRODUCT DEVELOPMENT: New product development should also take consumer trends into account, such as consumers of milk becoming more health conscious. Labels with ‘fat free’ and ‘cholesterol free’ are turning into the selling points of the future. Milk marketers are aware that consumers perceive milk as being fattening, so emphasis should be placed on giving customers the correct information. This is as easy as printing more information on the bottle labels. Low fat fresh milk is sold as containing 2 percent fat, while full cream milk has merely 1 percent more fat than the 2 percent milk. There is an increasing need for more information to be printed on labels. An example of such a segment is the diabetic consumers. The diabetic market is untouched, while numbers of diabetic consumers are increasing. It is apparent that full cream milk is generally prohibited in most diet schedules, while skimmed milk may be consumed in limited quantities. It is important for dairy researchers and decision makers to note that consumers are requiring more dietary information, and consumption may increase if details of the product are provided. PACKAGING: Most of the dairies selected for the study use a ‘family’ packaging strategy, which means that all products in the range are almost identically packed or have an important packaging characteristic in common. Packaging, however, has many functions. The most important functions of packaging are to contain the liquid, promote milk and provide storage. Another function which is becoming increasingly important today, is the recyclability of the package used. Companies are becoming more ‘environment friendly’ by using a recyclable package, which should result in less waste. Wholesalers and retailers prefer packages that are easy to ship, store and to pack. Consumers, however, look for items that are easy to handle, open and close. Towrope, for example, launched a screw top 1 liters bottle of milk. The consumer can therefore easily open or close this container, whilst freshness is maintained by preventing the milk from absorbing other odors. PRICE: While one price for milk is for example set for all final consumers, different consumers attach different meanings to the price they pay for a product. The consumer’s aim is to spend his/her income in a way that will afford him/her maximum satisfaction. Most dairy companies have price margins in which to deal. Milk being a basic food, has a low profit margin of around ten to fifteen percent. The dairy industry probably has to familiarize the consumer with an acceptable price of milk, such as 40 RS. Per liters and maintain that price. CONSUMER BEHAVIOUR India’s dairy market is multi-layered. It’s shaped like a pyramid with the base made up of a vast market for low-cost milk. Consumers while purchasing dairy products look for freshness, quality, taste and texture, variety and convenience. Presently, barely 778 out of 3,700 cities and, towns are served by its milk distribution network, dispensing hygienically packed wholesome, quality pasteurized milk. According to one estimate, the packed milk segment would double in the next five years, giving both strength and volume to the modem sector. The narrow tip at the top is a small but affluent market for western type milk products. Of the three A’s of marketing – Availability, Acceptability and Affordability, Indian dairying is already endowed with the first two. People in India love to drink milk. Hence, no efforts are needed to make it acceptable. Its availability is not a limitation either, because of the ample scope for increasing milk production, given the prevailing low yields from dairy cattle. It leaves the third vital marketing factor affordability. How to make milk affordable for the large majority with limited purchasing power is essence of the challenge. One practical way is to pack milk in small quantities of 250 ml or less in polythene sachets. Already, the glass bottle for retailing milk has given way to single-use sachets which are more economical. Another viable alternative is to sell small quantities of milk powder in mini-sachets, adequate for two cups of tea or coffee. ADVERTISING As an entrepreneur in the milk industry milk sense first of will start its advertisement by providing free sample and giving advertisement in magazines and standard newspapers like â€Å"TIMES OF INDIA†. Fig. 9 An identified Sponsor can define advertising as a mass promotion of goods & services. As per many classical writer of management says â€Å"Effective Advertisement makes selling task half†. After a little success Milk sense will adopt the same strategy but in rigorous manner. The product of milk sense will be published on very popular T. V channels like â€Å"National Channels†, Zee T. V. † â€Å"SONY â€Å", â€Å"STAR PLUS† etc. Generally T. V. channels are most popular and suitable medium of such advertisement. DISTRIBUTION CHANNEL. The distribution of fresh milk, being a perishable product with a limited shelf life of about 3 days, needs careful planning. It is important that all milk packages have a sell-by date printed on the product. This is an indication to the customer of the product’s freshness. If milk is uniformly priced, many customers consider their choice of purchase by checking the shelf life of the milk. Shelf life has become an important product benefit, which is associated with freshness. As competitive pricing strategies may urge customers to look for other benefits besides price, branding and ‘freshness’ become important.

Reducing Ambiguity in Business Requirements Case Study

Reducing Ambiguity in Business Requirements - Case Study Example On the other hand, the word â€Å"or† implies uncertainty. This implies that any rules developed from such word will have different meaning interpretations to different people. This makes the end users in the system to have different interpretation for a particular process leading to ambiguity or bad business requirements. Although ambiguous business requirements are a major cause of bad business requirements, they are not the only reasons behind bad business requirements. Deficiency in requirements is the second cause of bad business requirement. Deficient requirements are requirements with insufficient rules or rules that do not consider all end users involved in the system. Errors in requirements are also a major cause of bad business requirements. Error in business leads to wrong interpretation by different users leading to bad requirement. Requirements without boundary conditions also lead to the development of bad business requirement. Boundary conditions are rules that define limits according to rights and or wrongs. Lacks or specification on people required to run the system is also a cause of bad business requirements. Lack of the word I or we in the requirement will lead to the development of bad business requirements. Such words specify the roles or requirements of different people required to run the system. In addition, lack of specification of component or feature in the system causes the production of bad business requirements. A bad business requirement therefore lacks specification of the people or a group of people that requires taking a certain action. Most business requirements focus on the technology rather than the business outcome of a system. A system that is biased towards technology has bad business requirements. Finally, bad requirements lack the ability to be traced back to main decision makers in the business. A requirement that state that the system must support employee’s birthday is a bad

International buiness Assignment Example | Topics and Well Written Essays - 2000 words

International buiness - Assignment Example Under this theory, the role of government is highly important. Government needs to push and encourage companies and organization to a more competitive level, in this manner, increasing performance and eventually the overall combined benefits. Competitive Advantage and Porter’s Diamond Theory Competitive advantage is that area of expertise of a firm where it outperforms its competitors or more specifically, other nations or countries. Through researches, it has been observed that marketing plays a vital role in building up the competitive advantage of companies. The name ‘Diamond’ has been labeled due to the four factors, which the natural environment conceptualizes. According to Porter’s Diamond Theory, a country can capitalize its competitive advantage in any of the area where it excels other countries. For instance, due to the climate and weather conditions of European countries, Starbucks is very popular among those countries but if the company intends t o expand itself in South East Asian countries, then the weather conditions of South East Asia do not permit the company to expand its’ business in these areas. Therefore, European countries have competitive advantage of having cold weather. Another example includes Nike. Nike chose China for manufacturing concerns due to cheap labor and overhead expenditures in lieu of European countries, where overhead expenditures and labor are much higher as compared to China. Therefore, China possesses competitive advantage of having low labor and overhead costs than European Countries. Literature Review Droge and Neven (2001) stated that it is difficult for agricultural food SMEs to become and stay competitive in this period of globalization. The paper of Droge and Neven (2001) argues that the holistic diamond model of Porter is superior in investigating the cluster dynamics; here cluster is defined as a homogenous group of firms involved in marketing specific product in a specific locat ion. Droge and Neven (2001) concluded that despite of the fact that this model has not been tested in most of the developing countries, but those rare researches that have been conducted to validate the diamond model, affirm that the diamond model of Porter is intrinsically better. Rugman and Verbeke (1993) proposed an article to study the interaction between international and national determinants of a country, which leads to competitive success of a country at global level. Rugman and Verbeke (1993) stated that the model can be made even better and therefore, suggested extending the Porter’s Diamond framework and used a variant, i.e. SWOT analysis in order to functionalize the Porter’s Diamond model (Rugman and Verbeke, 1993). Narula (1993) stated that the diamond model of Porter is a static one. The author further stated that it is based just on the subjective analysis of only those countries, which are industries based. Narula (1993) further stated that this model is not applicable for the developed or developing countries. The author highlighted the role of technology in the development

Pharmacological Management of Congestive Heart Failure Using Captopril Research Paper

Pharmacological Management of Congestive Heart Failure Using Captopril and Its Therapeutic Implications (Drug Study ) - Research Paper Example The readings also showed that the pharmacological management of CHF may be typified into first line and second line agents. The first line agents consist mainly of ACE-I, diuretics and beta blockers, while the second line agents consists of digoxin and hydralazine-isosorbide dinitrate. Captropil belongs to the second line of pharmacological agents. Use of Captropil had been found to enhance cardiac performance, among others. However, ACE inhibitors like Captropil sometimes causes in amigo-edema, painful tongue ulcers, and alveoli is to name a few. The implications of these and the rest of the findings are discussed in the conclusion. Discussion Congestive heart failure Congestive heart failure (CHF) is defined as an inability of the heart in supplying normal oxygen and nutrient demands to the body. CHF can be caused by a number of diseases which: (1) weaken the cardiac muscle; (2) harden the cardiac muscle; and (3) increase tissue oxygen demand beyond the capacity of the heart. This condition occurs primarily on elderly patients (Kaufman et al., 2008). Congestive heart failure commonly results from a dysfunctional heart muscle or myocardial dysfunction. CHF may also result from changes in the structure and function of the heart medically termed as progressive cardiac remodeling (Medifocus, 2011). The heart muscle enables it to pump blood to facilitate metabolism for the various tissues of the body. When the heart muscles do not function normally, blood flow through the heart and the entire body proceeds slower than normal. This causes increased pressure in the heart. The body responds to the decrease in the heart’s pumping capacity by the so-called compensatory mechanisms so that cardiac function can be maintained, such as the renin-angiotensin-aldosterone system and the sympathetic nervous system (Medifocus, 2011).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The compensatory mechanisms can be activated for a period of months or years. During the time that these compen satory systems are functioning, no evident symptoms of heart failure are presented and the patient is regarded as asymptomatic (Medifocus, 2011). Heart disease classified as asymptomatic is one in which the patient does not experience undue fatigue, dyspnea, palpitations and chest pain during ordinary activities (Capezuti, Siegler, & Mezey, 2008).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It should, however, be made very clear at this point that the functioning of the aforementioned compensatory systems will cause further damage to the heart in the long run, and consequently affect the circulation of the blood in the body. Such damage is caused by the changes brought about by process of structural remodeling where the heart may enlarge, the cardiac walls may thicken or become thinner and further decrease in the pumping capacity of the heart. One or a combination of these changes further weakens the heart and causes the pumping to be less effective until the patient eventually develops symptomati c heart failure (Medifocus, 2011). How CHF manifests itself depends on the type of stress the heart is being subjected to, in addition to which ventricle is affected. For example, disease affecting the left ventricle causes pulmonary edema. Meanwhile, disease affecting the right ventricle is more likely to cause edema to the lower limbs and other parts of the body. Moreover, CHF can affect the flow of blood to other organs. For example, inadequate blood flow to

Is the Arab world changing for the better Essay

Is the Arab world changing for the better - Essay Example As a result of these conflicts, some of these countries have made conclusions in transforming the governments and pave the way toward democracy and social justice. Hence, education, frequent communication, and high rate of population increase in the Arab world, no government could be able to be stopped from the winds of democratic change. Primarily, the Arab Spring may attest to be as transitional stepping stone towards change just like the European rebellions of 1848 that did not at once produce operational democracies. This is whereby the Arab Spring has created a new perception of the Arabs especially the young people’s capabilities and ambitions whereby they desire more liberty, employment, parity, and justice in their countries. They demand to be listened to, appreciated, and take active participation in decision making regarding their current, future plus the future of their communities and states. Tunisia, for example, has confirmed to the entire world that Arab World is not resistant from democratic change, and following several years of experimentation with the replica of armed revolution that merely led to violence, demolitions, and disillusionment, Tunisia gives a new form of transformation through tranquil demonstration and popular revolution. According to Serag El-Din during the conference held in Egypt on Arab Reform Initiative, the Arab countries has witnessed transformation, indicating that Arab constitutions ought to fight the logical inflexibility that subjugated the constitutional thought in the previous decades. Additionally, they demand to be heard in matters regarding the transformation towards authentic democracy because it is a novel atmosphere for them to that takes into consideration their stronger civic engagement. Hence, the new constitutions will take the Arab world to a new and bright future, therefore, the measures that would be undertaken regarding democracy through the electing of new

See Below Essay Example | Topics and Well Written Essays - 1000 words - 1

See Below - Essay Example Within each of these halves, another wall separates the top and the bottom sections of the heart creating four chambers in total. These create the top chambers or the atrium (atria in plural) and the bottom chambers or the ventricles (Sherwood, 2012). The atrium is considered as a holding chamber, and the pumping chambers are the ventricles. Like the names suggests, each of the halves creates a separate system that has to work in sync for one to continue living healthily. Blood flows to the ventricles from the atria and never across the halves, thanks to the septum (Solomon, Berg and Martin, 2010). For effective flow of blood from the top chambers to the bottom chambers, openings called valves are present. They operate like trapdoors as they allow blood flow only in one direction to avoid a situation where blood would flow back to the atrium. These valves are not only present inside the walls separating the chambers, but also on the large arteries that are responsible for the carryin g of blood to the organs from the heart. These arteries are the pulmonary arteries and the aorta. While still at it, it is necessary to note that the pulmonary artery is the only artery that carries deoxygenated blood while the other arteries carry oxygenated blood (Solomon, Berg and Martin, 2010). ... Several capillaries form veins, which in turn form larger veins that empty blood into the heart and the cycle continues. This is called blood circulation (Sherwood, 2012). The main aim of blood circulation is to supply oxygen-rich blood to all the organs and tissues in the body. This happens in two cycles. The first one is a systematic cycle where blood is transported to every section of the body, and carbon dioxide is collected amongst other waste from these areas. The pulmonary cycle circulates blood to the lungs and from it to aid in the release of carbon dioxide and bring in oxygenated blood. The systematic cycle takes place in the left region of the heart while the right side handles the pulmonary cycle. The mitral valve at the upper part of the left-side chamber is pressed open by blood and allows it to trickle down to the left ventricle (Sherwood, 2012). The blood is then pumped directly into the aorta and is rich in oxygen. It is then transported to all other parts of the bod y and organs. Used blood is then collected back to the heart through two main veins. One is the inferior vena cava, which takes blood to the heart from the lower body sections. The other is the superior vena cava, which collects blood from the upper body. These two drain the blood into the upper right chamber (Solomon, Berg and Martin, 2010). Blood, from there, picks up the pulmonary cycle and gets to the right lower chamber from the right upper chamber. The blood is forced into the pulmonary artery which is divided into two: one part into the right and the other to the left lungs. The pulmonary veins carry the rich oxygen blood back to the left atrium, and the cycle continues.

ISSUES IN FINANCIAL REPORTING Essay Example | Topics and Well Written Essays - 2500 words

ISSUES IN FINANCIAL REPORTING - Essay Example The analysis of the enterprise’s performance is critical because it helps decision makers such as the investors and managers for effective decision-making. The analysis of performance provides information about the efficiency of allocation of resources and factors causing the business not to achieve its objectives (Hargreaves 2015) The trend analysis will enable the stakeholders in making an assessment as to whether the company is improving or not improving and how competitive the company is in the industry (Alexander, Britton & Jorissen, 2011). The report provides causes for observed performance in the particular company. The report offers a recommendation on the areas that require improvement to achieve better financial performance. Corporate governance refers to a method of directing and controlling companies. It involves balancing between social and individual goals or economic and social goals to align the interests of the businesses, individuals and the society as close as is practicable (European Accounting Review, 2015). It specifies the correlation between shareholders, the board of the company and other stakeholders. Also, it provides the structure for setting up company’s objectives, approaches for attaining these goals and determines how to monitor the performance (Alexander et al., 2011). Corporate governance eases operational, innovative and sensible management that can promote continuous performance of the business. Corporate governance is reinforced by various theories such as agency theory, stakeholders’ theory, resource dependency theory and stewardship theory. The responsibility of governing corporations is bestowed upon the board of directors. Shareholders have the responsibility of appointing the board of directors to ensure to ensure effective corporate governance (European Accounting Review, 2015) On the other hand, the board of directors sets the

Human Resource Management in Mercedes-Benz USA Research Paper

Human Resource Management in Mercedes-Benz USA - Research Paper Example The company also provides valuable services as well as depicts professionalism along with fulfilling the needs of the customers. Mercedes-Benz is considered as one of the top companies for the effective management of human resources. There are varied functions which are performed by the HRM of the company. The HRM is entitled with the tasks of ensuring the number of employees or staffs required for the effective performance towards the attainment of the goals of the company. The HRM ensures that the employees who are recruited are provided with proper training facilities for their enhanced performance. The activities are to be performed in accordance with the objectives. The HR department had sorted out the issues for better performance of the employees as well as managing the workforces. The HR department follows personnel as well as management practices as per the regulations and standards of the company. The HRM of the company plays an important part for retaining the brand image with regards to the quality as well as safety along with technological advancement. The HR department recruited outstanding workers for the effective performance of the company towards the attainment of the goals. Therefore, HRM is an important element for leading the company to be considered as one of the top and preferred companies. Mercedes-Benz possesses skilled employees which enable to maintain the competitiveness as along with producing innovative and superior products or services (Daimler AG, 2012). The HRM of the company have to formulate plans for developing competitiveness. The company is competitive with regards to the strategies which will help in having enhanced cost leadership as well as...This paper will discuss the factors had helped the company in maintaining its motive of proving quality as well as differentiated products. Mercedes-Benz US is a corporation entitled with the task of distributing as well as marketing of vehicles. In accordance with the Fortune Magaz ine the company is ranked in the twelfth position among the â€Å"100 best companies to work for in America†. One of the important reasons for acquiring such position by the company is its HRM. The HRM has taken initiatives for providing the employees an environment which will enhance the performance of the employees. There are five dimensions which are â€Å"credibility, respect, fairness, pride as well as camaraderie† that play significant roles for determining the performance of the company. The employees are appropriately trained as well as organized for efficient performance and to attain the goals or objective of the company. The HRM is required to formulate plans and policies which will encourage the employees to perform their tasks in an efficient manner. The HR policies of the company should include all these five dimensions for enhanced performance towards the goal.

Short Guide to Answering Exam Questions Essay Example for Free

Short Guide to Answering Exam Questions Essay Such questions are usually very straightforward. You would usually be asked to â€Å"discuss†, â€Å"explain† or â€Å"write short notes†. However, the examiner may sometimes ask you to â€Å"compare†, â€Å"identify the difference: or â€Å"explain the difference†. This type of question would expect you to list out what the respective characteristics of the terms are and then identify the differences. Just be careful of overconfidence. Hypothetical questions Look first at the question the examiner wants you to answer. It is usually found in the last sentence(s) of the question. This will influence the way you look at the hypothetical facts given. If you look at the facts before you look at the question, you may form your own question and this may result in the inappropriate answer. 1. 1. 2. Identifying applicable law (applicable to all questions) Once you have identified the question, this also narrows down the principles you have to use to answer. The applicable principles can be very wide or very narrow. A contract question is obviously about the law of contract. But the law of contract covers many different sub-topics. Even these can be very general. For example, you have misrepresentation, mistake, lack of capacity etc. Under mistake, you have unilateral or bilateral mistakes. And the list goes on. Once you identify the appropriate legal principle, you should quickly write down the key points. Being able to narrow down the specific law being asked also means that you can elaborate more on the specific point. This will mean less time wasted on unnecessary points. 1. 1. 3. Identifying the key factors for liability (applicable to all questions) As you study, you would realize that the law is very much like a mathematical formula. To establish liability under a principle, you would usually have to establish certain factors exist. The hypothetical usually requires you to discuss one or more of these factors. Before you are able to proceed further, you should therefore identify the key factors. Example is that for a contract to be formed, you must have the factors of offer, acceptance of the offer, an intention to create legal relationship and consideration. Once you identify the appropriate key principle, you should quickly jot down the key words as well as the key case to be used. Identifying the key facts (not applicable to pure theoretical questions) Once the key points have been identified, you are now ready to look at the facts of the case. As you read the facts, you will be now looking to see how many of the factors actually exist in the problem. You have to carefully identify the â€Å"missing† or â€Å"contentious† facts. For other questions, you have to identify what the examiner wants from you. If it is similarity or difference, then you look for the similarities or differences in the principles you are expected to compare. For one thing, a lot of students think they if they cover everything, they are bound to hit something. The problem often is that you do not discuss enough about the relevant issues and much about the irrelevant ones. The student also runs out of time and this is often the reason why students find that they have not enough time. †¢ Criticizing the law. Students sometimes feel it necessary to criticize a legal principle. The mistake is that you spend all the time criticizing the principle without solving the problem. Focus on solving the problem first before criticizing the law. Ignoring the law. Sometimes the legal answer seems wrong from a practice point of view. The student then decides to give â€Å"practical† advice instead of focusing on the legal aspects of the case. Again, give your legal solution first before embarking on the â€Å"practical† solution. †¢ Confusing the solution. Students try very hard to solve the entire problem at the same time. This o ften leads to convoluted and incomprehensible answers. In short, no one (including the student) understands the answer. Solve one problem at a time and then give the overall view at the end.

Webers Concept of Rationalization

Webers Concept of Rationalization Rationalization and Weber’s Possible Interpretations Rationalization is not a term that Max Weber defined in his book Modernity and Society. However, it is possible to speculate that the most plausible interpretation for what Weber meant by rationalization is, the replacement of traditional ways of doing things with new calculated ways. Two examples of these calculated ways of doing things can be seen in his writings on capitalism and bureaucracy; in which he highlights that capitalism has changed the economic structure of the West and bureaucracy, has changed the organizational structure in the West. One alternative interpretation that can also be taken from his book is that rationalization is the advancement of scientific reasoning through empirical evidence; which is a shift from previous emphasis on just spiritualism and mysticism. This paper will demonstrate that his interpretation does not hold much foundation in Weber’s writing and in fact, the most likely interpretation is the one regarding a shift to more calculated way s of doing. For Weber, calculation of human actions comes up immensely in his writing, and this ability to calculate and move from old traditional norms can be seen in the rise of capitalism and bureaucracy. Human beings systematic shift from bartering goods to a more sophisticated and logical way created a capitalistic society. Weber’s claim that capitalism is the essence of rationalization can be seen when he states â€Å"Also capitalist businessmen, not only as occasional entrepreneurs but as persons oriented permanently to business, have been ancient, enduring, and highly universal figures† (Weber, p. 57). He is referring to the old ways business was done which was not sufficient enough to survive in a more progressive Westernized world in which capitalism replaced it because it is a more rational way of viewing the economy. This is quite significant because he touches upon the theme of calculating the market and using that to one’s advantage to better understand the eco nomy. A supporter of the scientific interpretation might state that capitalism is not in fact a better way of organization because it causes many problems for individuals such as the inequalities that it produces. Thus might add, science through empirical evidence helps individuals unlike capitalism. While capitalism existed in places like China and in the Middle Ages it did not have the â€Å"spirit† as Weber describes it. This spirit that Weber speaks of is to have a duty to prosper through financial gains. When capitalism does prosper it is because individuals accept internal a certain way for doing things and realize that a capitalist society is right for them to achieve their goals and desires. He says â€Å"commercialisation would not have existed if capitalist-rational organization of work had not been there. One reason is rationalization is the enhancement of capitalism; it is the improvement of capitalist industrial firm.†(Weber, p.18). This illustrates his pr ofound confidence in capitalism as rationalization, which is a shift to more systematic calculated ways of thinking about and doing actions. Another example that can be used to support the calculated ways interpretation is Weber’s writings on bureaucracy. Bureaucracy’s ability to handle the tasks of an increasingly complex society with relative ease, has significantly changed the social life of individuals. Weber highlights the superiority of the bureaucratic system when he writes â€Å"the decisive reason for the advance of bureaucratic organization has always been its purely technical superiority over any other form of organization†(Weber, p.198). In a sense, Weber is praising bureaucracy with the formulation of a structural hierarchy chain of command that makes time more efficient and individuals know what goals must be accomplished as opposed to the old ways of doing things where the structure was not as defined. One might say that Weber does not support this because he states â€Å"Bureaucracy both in business offices and in public service, promotes the rise of a specific status group, just as d id the quite different officeholders of the past† (Weber, p.202). Weber is stating that bureaucracy is nothing different from the old ways of doing things because it creates a hierarchy where individuals are still at the bottom. At first glance this might present a reasonable challenge but after further analysis, its flaw is evident. This would not be a sufficient argument because Weber states â€Å"according to all constitutions he can be dismissed or resign at any time†( Weber , p.204), the â€Å"he† Weber is referring to is a high official in a bureaucratic system. He essential debunks the argument raised that bureaucracy creates a hierarchical society that individuals will always be able to retain their power. When in actuality unlike the traditional ways where power was secure and did not fluctuate, bureaucracies are deeply infringed in Western legal systems that inhibit people from keeping their power if that majority wants them out. The reality is that bec ause of the effortless movement of ideals and people, bureaucracy enables individuals to cooperate in an efficient manner, which is a result of rational behaviour. Weber accepting the bureaucracy has had a tremendous impact on his entire writing because from a sociological perspective, it allows individuals to work together more harmoniously because of the constant flow of activity as previously described. In a traditional society, human beings were focused on mysticism and spiritualism as a means of discovering everything in their surroundings and as a result they lacked comprehensive knowledge of their environment. An alternative interpretation to what rationalization might have meant to Weber is that it is the move from spiritual and mystical ways of seeing the world to a more scientific and empirical way of understanding our surroundings. A scientific interpretation might be seen as plausible because Weber’s admiration for science can be seen when he states â€Å"Every scientific â€Å"fulfillment† raises new â€Å"questions†; it asks to be â€Å"surpassed† and â€Å"out-datedâ€Å" (Weber, p.56). This is a very relevant reason for this interpretation because with scientific rise, one is able to ask more insightful questions than previously thought of. However, a disadvantage to an individual taking this interpretation is that although Weber supports scientific reasoning, he does not believe that it is only unique to Western society. â€Å"Empirical knowledge, reflection on the world and the problems of life, philosophical and theological wisdom of the deepest kind extraordinarily refined knowledge observation – all this existed outside the West† (Weber, p.53). This raises a huge flaw in rationalization with this interpretation because if rationalization is the move from better ways of thinking and more systematic calculable ways, then why would other individuals than the West develop it? A more unique perspective is to adopt the first interpretation where capitalism and bureaucracy are primarily found in the West. Weber, throughout the chapter entitled Scientific Vocation, makes reference to science not being able to answer the questions that govern a person’s regular life and it falls short in this area. Weber, a sociologist, would be primarily interested in the social aspects of rationalization something that science does not offer an answer to. The scientific interpretation would not be a suitable explanation for what Weber meant by rationalization. It is clear that Weber did not provide a direct definition for what rationalization meant. However, it is possible to conclude that because of his strong interest in capitalism and bureaucracy, he meant rationalization is the ability to calculate and systematically change the world. Although some might propose the alternative interpretation that Weber might have meant that rationalization is the transformation from mysticism thinking in the world of how religion used to be and towards more scientific knowledge. This interpretation would not be a substantive one to explain the other forms of rationalization that Weber describes throughout his book. References: Weber, M. (2005). Max Weber: Readings and Commentary on Modernity. S. Kalberg (Ed.). Malden, MA: Blackwell Publishing.

Cherokee Phoenix Essay -- American History Journalism

Cherokee Phoenix In the early nineteenth century during the presidency of Andrew Jackson and the debate of the Indian Removal Bill came one of the most important accomplishments of the Cherokee Nation, their own newspaper written in their own language. This experiment in Indian journalism began on February 21, 1828 in the Cherokee capital of New Echota. The paper employed a minimum staff of three to four people throughout its duration, often dismissing and rehiring printers. However, the most noteworthy of these were the people who first employed by the paper: journeyman printer John F. Wheeler, printer Isaac Harris, and editor Elias Boudinot. These men helped to further Cherokee nationalism by using a simple syllabery script, developed by a mixed blood Cherokee named Sequayah, that allowed the Cherokee language to be written. The Phoenix was not only printed in Cherokee but also in English, for the non-Cherokee reading Indians as well as white subscribers who lived in Boston, New York, Richmond, Charleston, Nashville, Mobile, and Augusta. However, subscribers did not just receive an example of written Cherokee in this first installment, they were also provided with a list of what the Phoenix reader could expect from all the future issues. 1. The laws and public documents of the Nation. 2. Account of the manners and customs of the Cherokees, and their progress in Education, Religion and the arts of civilized life; with such notices of other Indian tribes as our limited means of information will allow. 3. The principal interesting news of the day. 4. Miscellaneous articles calculated to promote Literature, Civilization, and Religion among the Cherokees. .. ...to cede tribal territory in exchange for $5,700,00 and land in Indian Territory, and later several of that group were assassinated. In August of that same year Stand Watie of the Georgia Guard confiscated the Phoenix’s abandoned printing press, while federal troops began to forcibly evicting the Cherokees. Approximately one thousand escaped to the North Carolina mountains, purchased land and were incorporated into that state. The Phoenix became a principal voice for the nation, and met its goals by documenting their constitution, laws, and ongoing experiments in Jacksonian democracy. The paper was a religious journal that helped to convert Cherokees and inspire new religious thinking. The Cherokee Phoenix was also a proud voice for the cultural advancement and developing of the Cherokee people, sadly Phoenix was not a strong enough voice against removal. Cherokee Phoenix Essay -- American History Journalism Cherokee Phoenix In the early nineteenth century during the presidency of Andrew Jackson and the debate of the Indian Removal Bill came one of the most important accomplishments of the Cherokee Nation, their own newspaper written in their own language. This experiment in Indian journalism began on February 21, 1828 in the Cherokee capital of New Echota. The paper employed a minimum staff of three to four people throughout its duration, often dismissing and rehiring printers. However, the most noteworthy of these were the people who first employed by the paper: journeyman printer John F. Wheeler, printer Isaac Harris, and editor Elias Boudinot. These men helped to further Cherokee nationalism by using a simple syllabery script, developed by a mixed blood Cherokee named Sequayah, that allowed the Cherokee language to be written. The Phoenix was not only printed in Cherokee but also in English, for the non-Cherokee reading Indians as well as white subscribers who lived in Boston, New York, Richmond, Charleston, Nashville, Mobile, and Augusta. However, subscribers did not just receive an example of written Cherokee in this first installment, they were also provided with a list of what the Phoenix reader could expect from all the future issues. 1. The laws and public documents of the Nation. 2. Account of the manners and customs of the Cherokees, and their progress in Education, Religion and the arts of civilized life; with such notices of other Indian tribes as our limited means of information will allow. 3. The principal interesting news of the day. 4. Miscellaneous articles calculated to promote Literature, Civilization, and Religion among the Cherokees. .. ...to cede tribal territory in exchange for $5,700,00 and land in Indian Territory, and later several of that group were assassinated. In August of that same year Stand Watie of the Georgia Guard confiscated the Phoenix’s abandoned printing press, while federal troops began to forcibly evicting the Cherokees. Approximately one thousand escaped to the North Carolina mountains, purchased land and were incorporated into that state. The Phoenix became a principal voice for the nation, and met its goals by documenting their constitution, laws, and ongoing experiments in Jacksonian democracy. The paper was a religious journal that helped to convert Cherokees and inspire new religious thinking. The Cherokee Phoenix was also a proud voice for the cultural advancement and developing of the Cherokee people, sadly Phoenix was not a strong enough voice against removal.

The Importance of a Business Plan Essay -- Business Management, Busine

When it comes to starting a business it is important to have Business Plan. The value of a business plan is important in the startup of an organization. The value of proper business plan in an organization can determine if the organization will withstand over of time or for years to come for that matter. In implementing a proper business plan, proper planning in it self is important and valuable to the process. Planning helps in ensuring that the organization can withstand and remain as an essential asset to the needs of the community and helps in providing an impact on the city tax base. A valuable business plan can also allow the company to look at ahead at its projected profits and loss to be able to give their shareholders the return on their investment. The business plan can be the measuring rod to how the company will perform from the inside and out. The plan will show the roles of all their employees and what will be required and expected of them and what they can expect in return from there employer. The supply and demand of a company needs to be looked at from a short-ran...

The Relevance Today of A Jury of Her Peers Essay -- A Jury of Her Peer

In "A Jury of Her Peers," Susan Glaspell illustrates many social standards women experienced at the turn of the century. She allows the reader to see how a woman's life was completely ruled by social laws, and thus by her husband. Glaspell also reveals the ignorance of the men in the story, in particular the sheriff and the county attorney. I think some examples are rather extreme, but in Glaspell's day, they would have probably been common. Women did not have many rights at the turn of the century. What few rights and freedoms they did have were dominated by social standards. They were expected to cater to their husbands' wishes and commands. I think their society oppressed them more often than their own husbands did. A good example of this in "A Jury of Her Peers" is Martha Hale. Lewis Hale treats his wife as an equal privately, but does not treat her as an equal in public. When Mrs. Hale attempts to interrupt her husband as he tells the county attorney what he experienced in the Wright household she does not treat him as a master, but as an equal (Glaspell 260). Clearly she is not afraid of him. Many women at this time would have never even attempted to distract or interrupt their husband while they talked. Clearly defined gender roles are prevalent throughout "A Jury of Her Peers." Men are supposed to work outside of the home, and women are supposed to work inside the home. Neither the men nor the women seem to appreciate the other's wo...

Iron Jawed Angels Toulmin

Of the many distinct qualities a person may hold, Leadership has become one of the greatest. A leader is someone recognized because of their undying courage, strength, and passion as well as many other notable qualities. Grounds: A leader is someone who stands out from the crowd and takes charge to accomplish a task or goal. For example, in the movie, Iron Jawed Angels, Alice Paul showed great leadership in her fight for woman's suffrage. She not only went against the odds but she also took command by starting the WON, separating herself from NASA.Alice Paul showed strength and courage as she picketed in front of the White House as well as starving herself in prison, starting a hunger strike. Another prime example of leadership is Lucy Burns, who was a visionary that took action in fighting for woman's rights alongside Alice. After being thrown into a woman's prison, Burns demands the warden respect their rights, only to be cuffed with her arms above her cell door. Alice and Lucy ser ved as examples for the others through their passion and conviction.The rebellious spirit of the two younger activists is in stark contrast to the ore conservative older women. They had no vote, no political clout, no equal rights. But what they lacked under the law they made up for with brains, determination and courage. Warrants: After series of events that pushed the woman suffragists down, they came back harder and stronger with more force and even more determination. Their roles as leaders grew the more they struggled. The woman's goal to earn their right to vote was a battle that challenged not only their inner capabilities but also the success of the WON.They were brave in spite of danger, they showed wisdom in their political debates, and they gave hope to all women who were treated unequal. Their reputation followed them as their responsibility as leaders and example to others grew. Backing: During the time of war, the women saw it as an opportunity to keep fighting for the ir rights. They would not let their fight for suffrage fade as did during the Civil War. The women fought Woodrow Wilson to support the suffrage movement as well as fought Congress using the media to gain support.From hanging banners during ingression's meetings to marching the streets in Washington, Alice and Lucy held their heads high in spite of their oppressors. Their influence grew as their fight for their rights became a national conflict sweeping across America. Emily Leighton became another powerful leader who was heavily influenced by the woman suffragists. From helping fund the WON to walking out on her Democratic husband, Emily became a major figure in the suffragist's movement as well as an inspiration to all ladies. Suffragists' movement. Carrie Chapman Cast of the NASA was only a leader by title, to by her actions.She took a more passive approach to fighting for woman's rights that preferred a state-by-state approach rather than passing a constitutional amendment. Her differences with the younger activists caused conflict with the NP by closing the D. C. Committee along with accusation of using party expenditures. Cast discouraged the younger activists ways of gaining political attention along with their separation of NASA into a new woman's suffragists party. Her role as a leader was only a reflection of her power in NASA unlike the young activists who fought with earth.Qualifier: Throughout history, leaders emerge when a battle is at hand. No one can proclaim himself or herself a leader. They are born into this world, with a purpose, and a cause. They show great qualities which gives others strength. They influence those around them and give hope when there is none to be found. A leader will march first into battle but will be the last one to leave. Their inspiration and courage motivates others to fight the common cause and to never give up. Alice Paul is one of the many great leaders that will be recognized in history forever.

Project Management for Family Day Essay

Company ABC is a small company consist of 100 employees in total. To facilitate bonding between the employees and their family and enhance relationships between co-workers, company ABC will make a family day that will be held in Chinese Garden on 1st of July 2013. In this family day, employees and their family will participate in some activities that has been arranged by company. Project Scope Statement Project Objective The objective from these activities are happy employees with stronger relationship between each other. It also expected to give a new positive atmosphere in the workplace. To achieve it, there are some activities that will be done. Those activities will be divided into teenage-adults, family and kids. Employees and their family can freely choose which stand they want to attend. All the activities’s equipment must be readily available at least 3 days before the due day, which is on 28th of June. The ingredients for cooking competition and souvenir (goodie bag) must be stored one day before the due day, 30th of June. The food for consumption must be ordered one week before due date, so does the transportation. Booking location must be done at least one month before due day. Assume that each employees has 4 family members, there will be 400 people, more or less. Cost for family’s activities $1000. On kids zone, the cost will be $850. On consumption and souvenir is $1000 and for transportation’s budget is $1500, last but not least the venue’s cost will be $900. Deliverables As mention before, all the activities are divided into three groups. The first group (teenage-adult)’s activities, consist of airsoft gun, baseball, and volleyball. In the family section there will be cooking competition and on kid’s zone the activities are making handicraft, painting and playing percussion music. Milestones Sending the invitation to all employees – 15th of May book the place – 1st of June rent the airsoft gun place – 15th of June book the food – 24th of June book the transportation – 24th of June rent cooking equipment – 24th of June rent the percussion instrument – 24th of June buy baseball and volleyball equipment – 28th of June buy the handicraft and painting equipment – 29th of June buy ingredient for cooking – 30th of June prepare the place – 30th of June Technical Requirements Airsoft gun area can fit 20 person in each game (around 30 minutes), every person will be provided with a body protector, helmet and a gun. Baseball game will have two teams with 9 member (around 2 families) each, each game will be provided 3 balls, 1 bat and 8 gloves. For volleyball, it can fit 12 persons that divided into 2 teams in each game, on this game will be provided by 2 volleyballs and 1 net. Cooking competition equipment 1 small stove, 2 knifes, 2 bowls, 1 cutting board, 1 frying pan, 3 plates and the salad ingredients will be provided. One for each family, there will be 10 family competing on this competition. Kid’s zone activities, handicarft’s stuff, scissor, glue, coloured plastic, origami, and wire are provided. On painting section, brush, canvas, and paint will be given to each kids. Lastly, percussion instrument will be provided. Limits and Exclusions Employees need to bring their own cap, change of clothes and apron. Those things are not provided by committee. Reviews with Customer For this family day, we have four sponsors. Faber castel for painting equipments, SBS transit for shuttle bus, DBS, and Yamaha for percussion instruments. Project Priorities On this project, to save the company’s budget, cost will be the most constraint matter. If this activities exceed the budget too much, it may not be approved by the superior/ director. The performance of family day can be enhanced. Committee will give their best effort to make the activities becomes spectacular, but as long as the employees and their family enjoy this activities, it will be good enough. Because, the main purpose of these activities is strengthen the bonding of each other. Time for this family day can be accepted if there is a change, because the member for this activities is still inside the company, so, the schedule can be changed easily. Although, it’s still inappropriate if the committee change the date too often. Work Breakdown Structure Cost Estimation In this project, there will be two types of cost-estimation, weekly cost-estimation and milestones cost-estimation. The budget will be counted from 15th of May all the way to 1st of July. It covers entertainment, venue, kid’s zone, consumption, souvenir and reward cost. Some of the cost are covered by sponsors, and the rest of them will be taken from cash of company ABC.

Book Review Essay Essay

The three books I read in the holidays personally affected me in more than one way, not only inspiring me to achieve my goals, grow in character, overcome difficulties and become more spiritual. The Monk Who Sold His Ferrari by Robin Sharma is a book which truly inspired me to stretch my imagination, dream further and to achieve my full potential. In his books he says, â€Å"The path to success is the hardest at the beginning, messiest in the middle and best at the end. † This one sentence is so true and ultimately defines reality. This has shown me how important is to strive towards your goals and that although we all encounter challenging situations in life, if we face them head on and grab the bull by the horns we end up reaping the rewards. Personally this has motivated me to work my hardest in my matric year and to work towards improving my marks, studying harder and doing the best I possibly can. One of the most important aspects the book taught was how vital it is to create a balance in life, which means in order for me to succeed in matric I have to balance my sports, my work and my social life in order to create equilibrium. Not only to live a life of purpose, but to have a full appreciation of each moment daily. The Perks Of Being A Wallflower by Stephen Chbosky was a different book to the others I read as the book almost pulled you into the story and you felt as if you were the main character and you shared all the same experiences. Chbosky showed me how important it is to spend time with your family and fellow peers and to embrace every minute you get to spend with them as well as dealing with situations which are not always ideal. One of the sentences in the book that stood out for me which was, â€Å"Even if we don’t have the power to choose where we come from, we can still choose where we go from there and achieve the impossible. † This taught me even if I make decisions or choices which didn’t work out, there remains hope for the future and I must focus on the present and not look back on the past. The main character was Charlie who was similar to me at the beginning of high school, like him I struggled to make friends in the beginning but as the year progressed I ended up with a few, close true friends. In the book he asked his L. O teacher for some advice and why it’s so hard to find real friends, and he replied, â€Å"We accept the love we think we deserve. † And this showed me how true it is to reality. We socialize with people who accept us for who we are, that help us grow and help teach us valuable life lessons Personally this prepared me mentally for the year ahead that even if I don’t achieve the result I hope for, I will move on as the future is the world of un-seen opportunity and surprises. A Survival Guide For Life by Bear Grylls affected me by making me take a look at everyday life and situations and how to approach them differently, as well how important it is to work and get along with others. This book taught me how important preparation is as this is one of most important keys to success, especially as organisation and preparation are extremely vital in matric. Grylls also illustrated to me how I must learn to work together and how team-work can make your life a whole lot easier. I learnt how important is to persist no matter how long it takes to achieve my vision. He inspired me to be a stronger leader and to live life more on the edge and that my dreams are reachable and mustn’t let anybody tell me differently. Each of the books I read had a different message for me and gave me insight into various aspects of life from the most simple things from making my life easier, to never giving up and striving to attain my goals, but the most important lesson I took away from the books was there are endless opportunities in the world and to never stop dreaming.

Mis Management Information System

True or False 1. Developing a new product, fulfilling an order, and hiring a new employee are examples of business processes. TRUE 2. A fully digital firm produces only digital goods or services. FALSE Â   3. An adhocracy is a knowledge-based organization where goods and services depend on the expertise and knowledge of professionals. 4. From the point of view of economics, information systems technology can be viewed as a factor of production that can be substituted for traditional capital and labor. 5.IT infrastructure technology is purely a set of physical devices and software applications that are required to operate the entire enterprise. 6. Client/server computing is a widely used form of centralized processing. 7. In green computing, reducing computer power consumption is a top priority. 8. In an efficient customer response system, digital answering systems are used to monitor and respond to customer inquiries. 9. In the strategy of product differentiation, information systems are used to enable new products and services. 10.Information technology (IT) consists of all the hardware that a firm needs to use in order to achieve its business objectives, whereas information systems consist of all the software and business processes needed. FALSE 11. Information systems literacy describes the behavioral approach to information systems, whereas computer literacy describes the technical approach. FALSE 12. The dimensions of information systems are management, organizations, and information technology. TRUE 13. Business processes are logically related tasks for accomplishing tasks that have been formally encoded by an organization. 14. A substantial part of management responsibility is creative work driven by new knowledge and information. 15. Intranets allow firms to work easily with third-party suppliers and vendors. 16. An IT infrastructure provides the platform on which the firm can build its information systems. Multiple Choice 1. The six important business objectives of information technology are new products, services, and business models; customer and supplier intimacy; survival; competitive advantage; operational excellence; andA)improved flexibility.B)improved decision making.C)improved business practices.D)improved efficiency.2. Which of the following objectives best describes the business strategy behind the development of smart grid initiatives by power companies, as discussed in the chapter case?A)operational excellenceB)new products and servicesC)competitive advantageD)customer support3. The three activities in an information system that produce the information organizations use to control operations areA)information retrieval, research, and analysis.B)input, output, and feedback.C)input, processing, and output.D)data analysis, processing, and feedback.4.Networking and telecommunications technologies, along with computer hardware, software, data management technology, and the people required to ru n and manage them, constitute an organization'sA)data management environment.B)networked environment.C)IT infrastructure.D)information system.5. The Internet raises the bargaining power of customers byA)creating new opportunities for building loyal customer bases.B)making more products available.C)making information available to everyone.D)lowering transaction costs.6. How would you determine the market demand for your firm's IT services?A)Perform a TCO analysis.B)Benchmark your services.C)Hold focus groups to assess your services.D)Analyze sales returns on key investments.7. The process of presenting a set of computing resources (such as computing power or data storage) so that they can all be accessed in ways that are not restricted by physical configuration or geographic location is calledA)cloud computing.B)autonomic computing.C)virtualization.D)multicore processing.8. Which of the following are environmental actors that interact with an organization and its information systems? A)customersB)suppliersC)regulatory agenciesD)all of the above

Applying theoretical ethics to applied ethics Essay

Applying theoretical ethics to applied ethics - Essay Example Passive euthanasia is assisting the patient to die with non provision of treatment or life sustaining procedures to save the patient’s life. The permissibility of each however is bombarded with many controversies making proponents of each view provide intelligent arguments and examples to indicate their point. Generally, the argument lies on the morality of active and passive euthanasia. Rachel claims that active and passive euthanasia has no moral difference and that both should be accepted with equal treatment. A different view holds that the morality of euthanasia depends on what the person cares about. This paper is going to argue that the stand of Rachel on active and passive euthanasia uses only hypothetical imperatives. Hypothetical is defined by Foot as â€Å"acts which are good only as a means to something else†. The paper has the following structures. Part 1 is going to explicate Rachel’s argument on active and passive euthanasia. Part 2 will present my arguments using the idea of Foot that the morality of active killing and passive omission is situated on what a person cares about. Part 1 Rachel claim there is no moral difference between active and passive euthanasia. The morality depends on how people view active killing and passive omission of duty. ... Most people look at active killing as more evil owing to the reason that the cause of death would be the action of the physician. On the contrary, if the medical team refrains from resuscitating a terminally ill patient in a situation where she/he is in cardiac arrest, it is acceptable because it is inculcated in the mind of many that it is the right thing to do. Passive method is not considered evil since the cause of death would be the illness itself although there is a deliberate withholding of foods and treatments. The ultimate result of withholding treatment is not directly seen and connected with death making passive euthanasia acceptable to most people. Another factor influencing the view of people on active killing and passive omission is how death is conceptualized by many. In most part of the globe, death is considered bad or evil since a love one is expected to die. The painful separation from that person and the unacceptable truth that death is inevitable makes death evil and people who cause it goes with that concept. If the doctors caused the death through injection, he is considered evil. Letting die on the other hand is viewed as natural death regardless of the intentional omission of a duty to care, feed, comfort, and most especially to treat the sick. Rachel is clear in maintaining his point that there is no difference in the morality between active and passive methods even in situations where the physician simply does not act. It was pointed out that omission of duty does not mean lesser evil more so that it does not justify the end. Omission of the act has the same ultimate goal with that of active killing. The difference is situated in how the act is done. For instance,