Quality and trust in workplace

Quality and trust in work environment Presentation:- TRUST:- Trust implies certainty that others activity are steady with their words that the individuals with whom you work are worried about your government assistance and interests separated from what you can accomplish for them, the aptitudes you have created are regarded and esteemed by associates and the association. Trust is found in three attributes of working environment connections:- Trust becomes out of the capacity to see others as dependable that what they state is valid and their activities are steady. Trust likewise becomes out of a feeling that one will be dealt with decently by others. Trust likewise relies upon how much representatives experience regard through help accommodated proficient development, the incorporation of representatives thoughts in dynamic and through consideration both inside the working environment and life. Trust in hierarchical systems and top administration is the most basic segment in making duty towards a shared objective. Senior pioneers need to put a high incentive on uprightness and trust and afterward convey that incentive to all partners. Key factors in building trust The five basic territories that straightforwardly sway the degree of trust individuals have in their association are:- The association vision. The association esteems. The pay framework. The workplace. Work force choice. The executives expert Jack R Gibbs clarifies that doubt in individuals are probably going to happen when Top administration is dreaded. Exorbitant weight is set on individuals. Deals are low. The vision of organization is muddled. QUALITY: The association should work so as to guarantee high caliber of the executives and authority in all pieces of the association. To work efficiently in improving Management Quality all connections must hold, in the long chain from the board strategy, through administration framework, projects and procedures, such a distance out to the individual representative. This sort of value affirmation of the board requires a total and reliable structure or model, and it must be conceivable to gauge present status and upgrades Over the previous not many years, representatives have expanded their attention on hierarchical attributes that improve worker work encounters and help representatives in adjusting their occupations and individual lives. This emphasis on working environment quality has gotten huge enough for business press distributions, for example, Fortune and Working Mother to distribute yearly arrangements of organizations that exceed expectations in making a high caliber of wor k life for their representatives.. Fulmer et al. (2003) contend that worker perspectives influence practices and their presentation. They contend further that worker perspectives can impact work environment quality through the fascination and maintenance of good representatives. They contend that if worker perspectives coming about because of high working environment quality produce a manageable upper hand, at that point recorded firms should display preferred money related execution over do non recorded firms. There is some proof that organizations fruitful in making positive worker perspectives about their working environment have an important upper hand, which prompts improved working and market execution. A high Management Quality is described by the accompanying Our association has refreshed and reported statements of purpose, vision and techniques. Our strategy portrays how we wish to identify with our workers. Cooperation and a serious extent of autonomy are foundations of our administration framework. Everybody sees himself as proprietor of their own goals and the associations vision and destinations. We empower open correspondence. Our approach portrays how we work so as to guarantee pioneers of high caliber in all spots. We make great open doors for our chiefs to be exceptionally energetic in their undertaking. We eliminate pioneers who are deficient in their occupations. INRODUCTION OF Organization:- INFOSIS: An Infosys innovation is established in 1981 in India. Right now Infosys has more than 58000 representatives worldwide and have over $2 billion yearly income. Infosys at present has more than 15000 programming designers dealing with ventures with Microsoft innovations. Infosys BPO Ltd. is one of the quickest and driving BPO arrangement suppliers on the planet. Having Infosys Technologies Ltd. as its parent organization, it brags of top tier frameworks and forms and budgetary quality and soundness. The organization began its activities in 2002 and has gotten various honors and references, for example, tenth among 50 Best Managed Vendors operating at a profit Book of Outsourcing, 2006 fifth among 35 Rising Stars in The Global Outsourcing 100 of the International Association of Outsourcing Professionals, 2006. Infosys won the Outsourcing Institute and Vantage Partners first-historically speaking client relationship the executives grant. Infosys is progressively concentrating on esteem based valuing models for its contributions. QUALITY AT INFOSYS:- Infosys follows the best programming designing practices. Infosys is CMMI-5 guaranteed however for a conventional procedure situated confirmation their CMMI level gives off an impression of being a result of what they really practice. Infosys copies it income at regular intervals, coming to $ 2 billion in 2006.Company presently prepares 4500 newcomers at regular intervals at its own preparation grounds in Mysore. Companys grounds at Bangalore was heavenly. The 50 structures were a glass pyramid formed sight and sound office lodging, an enormous vault molded library, sports focuses, refectories advanced electric vehicles are utilized for guests. INFOSYS WINS TELSTRA AWARD FOR EXCELLENCE IN QUALITY IN 2005 Infosys is the principal IT Company to get Telstra grant for greatness in quality from more than 11000 merchants. Telstra surveyed Infosys against its different providers and decided it as the victor dependent on a thorough evaluation of its quality and continuous pledge to creating reasonable arrangements and giving Telstra client better worth. TRUST INFOSYS: Trust is the establishment of all effective relational connections, both individual and business. Trust is the certainty or conviction an individual feels toward a specific individual or gathering. Trust is, in this way, one of the essential restricting powers in any relational relationship. Trust is available in Infosys methodologies and among the representatives. 1:- Infosys hierarchical vision is clear: Infosys vision is feasible and doesn't disregard the job that people play in accomplishing the authoritative objectives. 2:- The workplace in Infosys is generally excellent. 3:- Infosys values:- Values are convictions or feelings that control conduct, Bolster the general authoritative vision. Regular qualities in Infosys incorporate:- Surpassing client needs, commitment, and advancement. 4:- Infosys pay framework is acceptable. Writing REVIEW Prosperity AND TRUST IN WORKPLACE:- The examination on prosperity and trust in working environment is finished by John F Helliwell and Huang:- They state that they were the first to know about to give Income - proportionate qualities to working environment trust. The evaluated estimations of trust in the working environments are extremely enormous, and remain so in any event, when we make various alterations intended to evacuate dangers of over-estimation. Our work environment trust results are autonomously assessed from two Canadian and one US overview utilizing various examples and diverse inquiry wordings. That each of the three studies should show such reliably huge impacts persuades us regarding the heartiness of our outcomes. In this paper we have based on Subsequent augmentations by Helliwell, Huang and Putnam (2009). 2:- TRUST IN WORKPLACE:- Research is finished by Robert W Rogers President, DDI. What's more, by Sheryl Riddle Sr. VP counseling administrations DDI. In their examination they said that trust assumes a significant job in the association. As per them Leaders can cultivate elevated levels of trust among groups by urging colleagues to follow six basic advances: Keep up one anothers confidence. Backing and applause each other. Keep touchy data secret. Remain standing for each other. Evade tattle or out of line analysis of others. Welcome one anothers abilities and contrasts. Exploration METHODOLOGY:- Two sorts of information are utilized:- Optional Data:- Secondary information is taken from books, magazines, web, research work, diaries. Essential Data:- Primary information is gathered from Infosys grounds at Bangalore. Examiner:- 1-What is your organization accomplish for building trust in working environment? Ans-The organization vision is clear. The objectives set by top administration are feasible and Infosys doesn't overlook the job of individual in the accomplishment of organizations objective. 2-What did the organization accomplish for quality in working environment? Ans-An organization follow the best programming designing practices. Infosys is CMMI-5 guaranteed. 3-Why do the organization utilize visual studio group framework? Ans-The Company utilize visual studio group framework since it will increment exponentially throughout the following barely any years. We hope to develop this region to more than 25000 designers. 4:- What did Infosys accomplish for making business? Ans: The Company right now prepares 4,500 newcomers at regular intervals, at its own preparation grounds in Mysore. The normal age of the companys workers is 25 years. 5:- What did the organization accomplish for society? Ans:- 1. Directing restoration camps at innate zones, dry spell hit zones. 2. Development of emergency clinics. 3. Recovery of intellectually hindered through other neighborhood association. Information ANALYSIS AND CONCLUSION:- From the above information we arrives at a resolution that quality and trust in working environment are significant elements in such a case that the laborers have no trust in association they don't work appropriately for the accomplishment of the authoritative objectives. The association should work so as to guarantee high caliber of the executives and initiative in all pieces of the association. For better quality hierarchical missions, approaches, procedures must be clear. Everybody respects himself/herself as proprietor of their own targets and open correspondence must be there in an association with the goal that everybody shares their perspectives about the hierarchical objective

Sociology Project Summary and Annotated Bibliography Essay

Humanism Project Summary and Annotated Bibliography - Essay Example ROCKS, Sydney. Data Website. http://www.therocks.com/. (August 9, 2009). This site offers a gigantic measure of data about Rocks, Sydney Australia. The informations inside this site gives a specific demanding data about the various locales that are straightforwardly powerful and essential in indicating the chronicled foundation of the spot in concern. Other than that, it could likewise be seen how the whole site presents a decent thought on the significant tasks that are mulled over with respects the advancement of culture in the zone. Around Australia Website. http://www.sydney.com.au/rocks.htm. (August 9, 2009). The inside and out introduction of Australia and the thought concentrated on the point by point history of Rocks, Sydney is a gigantic implicative introduction of how the whole spot is really shaped through the history that it goes through. It could be seen how this site helps the non-realizing people to increase a touch of acclimation with the spot and addition enthusiasm on its way of life and history too. From this site, it could be viewed as how significant history is really a tremendous factor that shapes up a specific culture and how that society can shape the whole spot where the said gathering of human populace is living in. The Australian Heritage. http://www.sydney.com.au/heritage.htm. (August 9, 2009). This site on Australian legacy gives an unmistakable vision on the various issues that are implanted inside the Australian culture. This site posts a normal update with respects the customary things that are going on in Rocks, Australia; these updates are consistently given a specific concentration to assist pariahs with having a learned comprehension about the advancements occurring in Rocks, Australia. Emanuel, Cedric. (1979). The Rocks: Sydney's Most Historic Area. Cassel Australia Limited Publishing. This present book's writer is known for his insight into Australia and its history and the powerful introductions that he handles to present the nation just as specific urban areas of Australia towards the world. This composed book at that point gives a specific portrayal that fills in as a commonsense mirror about Australia and the various components that make up the said society that leads up towards the advancement of the whole nation. The authentic foundation of Rocks, Australia have been scratched through this perusing and given an intriguing picture that makes an extraordinary picture towards the conceivable comprehension of the world towards reality behind the development of Rock, Sydney Australia. Kelly, Max. (1997). Tied down in a Small Cove a History and Archeology of the Rocks, Sydney. National Library of Australia. Prehistoric studies is a significant factor of mankind's history, an essential issue that makes a fine portrayal on how individuals lived previously and how their life really advanced as a result of these past societies and conventions that the old Australians needed to live with previously. Fundamentally, the procedure to which everybody advanced in that specific piece of the nation has been delineated through this perusing; taking into consideration an increasingly dynamic comprehension about the individuals and about the nation that is generally should have been known by the individuals who are keen on increasing a more top to bottom comprehension

Law And Ethics In Healthcare Example

Law And Ethics In Healthcare Example Law And Ethics In Healthcare â€" Assignment Example > What allegations did the Tribunal consider in this case? The Victorian Civil and Administrative Tribunal (VCAT) is tasked with reviewing allegations from different stakeholders including the health professionals and clients, and determine appropriate mitigation or disciplinary measure (VCAT, 2013). In the case of Dr. Topchian, the allegations were premised on the sexual relationships and the negotiations for payments and other factors association with the unprofessional behaviours. The healthcare industry requires upholding of high standards of ethical and moral requirements. These standards defines professional behaviors and approaches in completing different roles and responsibilities. Dr. David Topchian, a cosmetic surgeon, admitted having engaged with a 21-year-old female patient in a sexual relationship. Dr. Topchian had engaged in sexual acts during the provision of cosmetic surgery services before, during and after the sexual relationship. The patient asked Dr. Topchian for some financial assistances, and these assistances had threats attached (VCAT, 2013). The patient that Dr. Topchian treated between April 2007 and January 2010 threatened that if Dr. Topchian did not provide the monetary compensation, she would report the relationship to Dr. Topchian’s wife, the health professional board and other stakeholders. Due to these threats, Dr. Topchian reported the matter to the Australian Health Practitioner Regulations Agency. Based on the analysis, it is evident that Dr. Topchian had broken numerous legal and ethical requirements has contained in numerous legal acts and the oath of a health practitioner (VCAT, 2013; Lo, 2012). For example, health regulation requires patients and health practitioners to maintain boundaries, which Dr. Topchian crossed (Mansfield et al. , 2011; VCAT, 2013). In addition, the health practitioners are required to champion ethical requirements such as not lying and concealing mistakes. Dr. Topchian did not adhere to the le gal and ethical requirements, and it was the role of VCAT to determine the allegations (VCAT, 2013). Moreover, aspects of unprofessionalism and professional misconduct are raised. What were the Tribunal’s findings with respect to the allegations? The Tribunal found professional misconduct based on Health Professions Registration Act 2005 against Dr. Topchian because of the sexual relationship with a 21-year patient who was seeking for cosmetic surgery services. The Health Professions Registration Act 2005 contains guidelines and principles of accomplishing health related activities. However, Dr. Topchian did not follow or adhere with some of the directives in this legislation. The second finding is of unprofessional conduct premised on Health Practitioner Regulation National Law (Victoria) Act 2009 because Dr. Topchian employed different approaches and systematic approach to cover up the relationship (VLPD, 2009). The Tribunal stated “His conduct was of a far lesser standard th an that expected of him. Following the risk of disclosure of the sexual relationship arising, Dr. Topchian carefully and systematically attempted to prevent anyone discovering his misconduct” (VCAT, 2013). Dr. Topchian reported the matter after the patient threatened to expose their relationship. Dr. Topchian had initially engaged the services of lawyers, and the doctor proposed a settlement of $20,000 even though the patient wanted a compensation of $50,000 (VCAT, 2013). Other conditions attached to the agreement included deleting material that was related to their relationship in her laptop computer and her mobile phone and also to sign documentation prohibiting her from disclosing or taking action about their sexual relationship.

What Is Rites of Passage - Free Essay Example

Sample details Pages: 4 Words: 1142 Downloads: 4 Date added: 2019/08/15 Category Society Essay Level High school Tags: Rite of Passage Essay Did you like this example? Rites of passage describe the ceremonies that are associated with certain transitional moments in an individuals life (Cunningham 74). In Hinduism there are samskaras. These are Hindu rites of passage. Don’t waste time! Our writers will create an original "What Is Rites of Passage?" essay for you Create order They are not just formalities or ceremonies to celebrate periods of transition in a Hindu individuals life. They serve to purify the soul at critical junctions in lifes journey, (Rites of Passage). The word samskara means mental impression, these ceremonies create a positive feeling about moving from one phase of life into the next. There are various samskaras all throughout the different stages of life (Rites of Passage). One of these samskaras is called upanayana. This rite of passage is the beginning of the acceptance of a student by a guru. It marks an individuals entrance to a school in Hinduism (Rites of Passage).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The age varies, while it is usually children between the ages of eight and sixteen years of age (Upanayana: a Hindu Rite of Passage), another source says the ceremony can be performed between the ages of five and twenty-four (Britannica). This is because the three upper classes of the Hindu caste system, Brahmans which are priests and teachers, Kshatriyas who are warriors and rulers, and Vaishyas known as merchants and tradesmen, have different educational requirements (Britannica). During this event the child, usually a boy but can be a girl, is given a sacred thread called janeu. They must wear this thread for the rest of their life (Upanayana: a Hindu Rite of Passage). The thread has a loop made of three knotted and twisted strands of cotton cord. The knots are symbolical. The thread is replaced regularly so that the wearer can have it throughout their life time. It is normally worn over the left shoulder and diagonally across the hip. This shows the w earer is divija or twice born. The second birth having taken place when the guru shared the knowledge of the Gayati mantra to the student and wearer of the thread (Britannica). The person going through upanayana is taught the secret of life through brahmopadesam or revealing the nature of Brahman, the ultimate reality. This is otherwise known as the Gayatri mantra (Upanayana: a Hindu Rite of Passage). The ceremony ends when the student kindles the sacrificial fire and pleads for alms. This represents his dependence on others during his brahmacharin period (as a child he cannot fully depend on himself yet) (Britannica). Upanayana itself means taking somebody near knowledge. This expresses the simplest meaning for what the ceremony is all about. A child entering their education.   A second meaning of the word is that which is above. Meaning the thread that is worn above the shoulder after this ceremony. Elaborating on the symbolism of the thread, the thread is usually ninety-six times breadth of four fingers of a man. This is believed to be equal to a mans height. The four fingers represent one of the four states that the soul of a man goes through. These are waking, dreaming, sleeping without dreaming, and knowledge of the absolute. The three threads themselves represent three Goddesses. The Goddess Gayatri of the mind, the Goddes Saraswati of the word, and the Godddess Savitri of deed. It is saying that anyone who wears the sacred thread should be pure in thought, word, and deed. It is a reminder to the wearer that they should live their life in a good way with purity. A reminder that life is not lived for oneself but for others and that a debt is owed to the guru, the parents, and the society. Another important aspect of the thread is the knot in the center. This represents Brahman, the pure form of energy which is in everything and makes up everything (Upanayana). The ceremony can vary between regions and customs. In an upanayana ceremony based on traditional Mithila Brahman customs there are multiple days to the ceremony. Mithila is a region of the ancient Videha Kingdom and is heavily influenced by the Goddess Durga. There is the day of Shagun. All the female family members will apply haldi or turmeric oil and dub grass to the childs foreheads, arms, stomach, and legs. This is called ubtan and it is done to preserve the symbolic meaning of rebirth. They are not allowed to wash it off until the end of the ceremony. After this family members invite the deity they worship into the ceremony. Once this is done the upanayana officially starts. The next day is the Mandap Puja. Here all the family members have arrived, and they make an animal sacrifice to their deity as an offering. These do not occur in all villages though, again it varies from region to region. The animal is cooked and served to all the guests. There are large celebratory dances. There is the day of Puja. It begins with prayer and offering to ancestors and more dancing and singing. The series of rites begins and the children entering the ceremony are given special garments for their period of learning under the gurus. This is when they receive the Gayatri mantra that was mentioned above. They then go to their mothers and ask for bhiksha or alsm and blessings. Next, they go to the temples, where their hair is cut. This symbolizes the beginning of a new life. The children participating will then go where eleven male brahmins (priests and teachers or the guru) stand while reciting the Gayatri mantra. This is where they receive their sacred thread or jeanu. They wear it over the left shoulder and under the right arms. Each one is then made to stand on a stone slab. Which symbolizes how strong the resolve is that accompanies a life of learning. Once more they go to family members, mainly female, and ask for gifts. The gifts normally consist of gold, jewelry, and c lothing. To finish out the event the family celebrates once more with song and dance. The main part of upanayana has ended. As new brahmins, these students are expected to be committed to education for as long as they live. They are to live with honor and duty and to avoid impurity, dirtiness, and immoral behavior. The threads very meanings support this. Those who go through the rite of passage that is upanayana are expected to carry on the Vedic tradition and to ensure that its teachings and reflections are applied to all Hindu society (Upanayana: a Hindu Rite of Passage) This ceremony marks the transition from childhood to the growth towards adulthood and knowledge. It is celebratory and represents the awe of people surrounding growth in general and the progression of life. Upanayana can also be considered a rite of initiation. As it initiates a child into a student. Hinduism has so many different and important rites of passage. Upanayana is only one of the many important samskaras.

Women, Sisters, And Wives Women Essay - 1485 Words

Princesses, Sisters, and Wives: Women Portrayed in Ancient Greece It is convenient to pride modernity for all the progression it has made since ancient times, particularly when it comes to gender equality. In Homer’s The Odyssey and Sophocles’ Antigone, the ancient societal view of women is blatant in the text whether it is in Creon’s sexist remarks or referring to the disloyal maids of Odysseus as â€Å"sluts, who lay with suitors† (Homer, XXII.516), but in these same works, this status quo is challenged by providing many examples of hospitable, strong willed, and dedicated women. In Antigone specifically, the plays overarching theme of righteousness standing up against powerful corruption is analogous to the gender specific struggle of having societal views of, in the case of the Ancient and Classical Greeks, inferiority enforced upon women. These works provide an ancient cultural outlook on women but challenges them through the characters, such as a xenia filled princess, an idealistic, fiery sister, and a faithful ye t skeptical wife. The cultural outlook upon women is very clear from both of these narratives. At the beginning of Antigone, Ismene reminds her sister, â€Å"We must remember we are women, / so not to fight with men.† (Sophocles, 61-62) This internalized hopelessness enflames Antigone’ frustration and connects to the larger ethos of truth that is defined by Plato: â€Å"True reality will be denied by the individuals who have not witnessed other realities, believing that theShow MoreRelatedDiscrimination Of Women In The Color Purple By Alice Walker712 Words   |  3 PagesNearly three in ten women are in a, or have been in an abusive relationship. The Color Purple by Alice Walker is a novel about a girl named Celie, and her sister Nettie, who are stuck in the south in the early twentieth century. 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Mcdonald’s Case Study Free Essays

McDonald’s and Obesity Case Study Reaction Paper McDonald’s Corporation is encountering a paradigm shift in the manner in which society views responsibility and ownership of issues. Society appears to be moving away from personal responsibility and to one of corporate responsibility. The question that McDonald’s must continually face is â€Å"Should s person be able to sue a company because the coffee is too hot or because a video game caused them to become addicted? (Schmaltz, 2010) A review of violent incidents at the G-8 Summits highlight the view dominant in a part of society – that corporations are not to be trusted. We will write a custom essay sample on Mcdonald’s Case Study or any similar topic only for you Order Now The 2001 G8 Summit evidenced â€Å"massive street protests† against â€Å"global capitalism†. Media outlets termed the riots of 2001 as staples of the Summit process. (G8 summit braces for more violence, 2001) The mob unrest issues at the Summits continued with excessive violence as shown at the G20 Summit in Toronto in 2010. Violence, vandalism rock G-20 protests, 2010) In Toronto, 1118 protestors were arrested because of massive and violent mob retaliation at the G20 Summit venue. (2010 G-20 Toronto summit protests, 2010) American corporations such as, McDonald’s were the targets of vandalism. (2010 G-20 Toronto summit protests, 2010) Financial abuse by corporations such as Enron, AIG, Bear Stearns, (StockMarket Crash of 2008, 2011) have contributed to the view that corporations and especially global and multinational corporations are trustworthy. It is this current view of global corporations that McDonald’s faces which lead to a cultural view that is negative against the corporation. In the realm of personal responsibility, the 2004 Congress passed a bill called â€Å"The Cheeseburger Bill† (Munger, 2004) the purpose of which was to ensure that â€Å"food manufacturers and sellers should not be held liable for injury because of a person’s consumption of legal, unadulterated food and a person’s weight gain or obesity†. Munger, 2004) Americans do not believe that eating fast-food falls into the same category as smoking as it related to addiction, health consequences and responsibility. (Munger, 2004) According to a July 21, 2003 Gallup poll, most Americans – 89 percent – do not think that the fast food industry is legally responsible for diet related problems. (Munger, 2004) Europeans, and this is case is a UK based case, are more open to tighter controls on advertising and spec ifically advertisements that are targeted to children. Munger, 2004) MP Debra Shipley has been trying to pass bills limiting food advertisements to children but has been unsuccessful to this point. (Fast food firms face screen test, 2003) (Poulter, 2011) The research shows that society still looks to parental authority and parental responsibility to address the issue of childhood obesity. First Lady Michele Obama has taken Childhood Obesity as her personal platform. (Lee, 2010) The first of the four key pillars of Mrs. Obama’s platform is: Getting parents more informed about nutrition and exercise. Lee, 2010) In July, 2011, Mrs. Obama praised McDonalds for the changes that the corporation has made to their Happy Meal program whose market audience is children. (Jackson, 2011) Mrs. Obama is quoted in national media outlets with the following statements: Obama’s statement: â€Å"McDonald’s is making continued progress today by providing more fruit and reducing the calories in its Happy Meals. I’ve always said that everyone has a role to play in making America healthier, and these are positive steps toward the goal of solving the problem of childhood obesity. McDonald’s has continued to evolve its menu, and I look forward to hearing about the progress of today’s commitments, as well as efforts in the years to come. † (Jackson, 2011) This positive statement and attention from the First Lady and the Oval Office is a strong, positive and powerful response to all of the media fire that McDonalds has received in the past several years. In this single announcement, McDonalds has strengthened its position as a socially responsible corporation. September is known as Childhood Obesity Month helping to inform and bring awareness to healthy eating for all ages. The State of Georgia has an excellent ad campaign on this topic that gives focus to the prevailing view that is supported by research, that the children who eat thee foods are not the ones driving to the locations to eat nor are they the ones who are paying for the food. The real issue becomes parental responsibility. McDonalds Corporation will continue to benefit strongly form the support that they are receiving from First Lady Michelle Obama. It is obvious that McDonald’s aggressive reworking of their children’s menu is reaping strong benefits and receiving praise. For the long-term, McDonald’s needs to continue to remain focused on ensuring that they strengthen this segment of their market. McDonald’s has phenomenal logo and brand recognition as a provider of fast food. Ronald McDonald is recognized by 99% of all American children, (Munger, 2004) and eliminating his precense from the McDonald’s name would hinder their performance and damage their brand. The McDonald’s Happy Meal Marketing Strategy in the UK does not include any of the healthy food options that are available in the US. Since the UK and EU are more favorably predisposed to legislation against children’s advertising, (Munger, 2004) the UK division needs to move decisively to capitalize on what has been learned from the revised US menu. The UK division must rapidly conduct focused market research to determine the items that would be appealing for UK parents and children and look at a timeline for including such items in their menu. Baker, 2011) In another positive development for McDonald’s in the UK, the popular website, Mumsnet. com, reversed their three year ban on McDonald’s being allowed to advertise on their website. (Chapman, 2011) Mumsnet regulates the companies that are allowed to interact on its website through a vote of members. The fact that Mumset has allowed McDonald’s to place ads on its site, does appear to signal a shi ft in the viewpoint of UK parents. As marketing blogger, Stuart Smith, comments in the article â€Å"McDonald’s put in the mincer over Happy Meals marketing†. Smith, 2010) Controlling the media imagine especially in the current easy availabilityof social media, McDonald’s must be ever vigilant about its image and marketing strategy. McDonalds in the UK has implemented a website called Make Up Your Own Mind. At this site, any type of question about McDonalds and their product (Make up your own mind, 2011) can be asked and then are answered by McDonalds staff. Included on this site is an interactive tab entitled â€Å"The Happy Meal Unpacked†. McDonald’s happy Meal unpacked, 2011) McDonalds utilizes â€Å"Quality Scouts† who visit various supplier locations, make videos and publish them and written reports on the website. (Meet the Quality Scouts, 2011) The website for McDonald’s in the UK is excellent and a good marketing strategy. In utilizing this outlet, McDonald’s UK is able to rapidly address the questions that the public raises as well as garner responses from the public. Charlotte’s response to how Chicken Nuggets get into Happy Meals is delightful. (Haile, 2010) Not only is their website an accurate, nformation and excellent marketing tool, McDonald’s UK actively supports the programs that are central to the UK populace – Free Range egg production, Open Farms (http://www. mcdonalds. co. uk/openfarms/) To help ensure future successes in this realm of the industry, McDonald’s UK needs to focus a timeline strategy on researching nutritional food products that can be placed in the Happy Meal product. They should consider entering into sponsorship with family fitness centers to promote the importance of a healthy lifestyle as they already promote sports such as football and sponsors a variety of recreational club. http://www. mcdonalds. co. uk/sports/football/football-hub. sh tml) As many popular companies, branding is significant to success and appropriate branding is even more substantial. Ronald McDonald has become the staple brand for McDonald’s especially in their Happy Meals and children advertisinments. To take a brand such as Ronald McDonald for a food company and compare it to that of Joe Camel in the cigarette industry is unfair. The target markets (and messages thereto) that each one of these companies is after are completely different. It is agreed that both types of ads have promoted incorrect messages to children in one form or another, however one cannot compare cigarettes to food. McDonalds has made several changes and modifications to their menu to help lessen the effects of their food and better comply with a healthy lifestyle. They have started to offer a variety of different options to their customers so that they are given the opportunity to choose if they will take the healthier route of the route not as healthy. That option is ultimately completely up to the consumer, but at least it is there for them. Cigarettes on the other hand cannot be mad healthier or safer. Tobacco is tobacco and smoke is smoke and both lead to the same unfortunate results. As hard as companies try, cigaretts cannot be modified to become healthier for the consumer. As far as the elimination of Ronald McDonald to their advertisements, McDonalds would be taking away part of the brand that they have become. Everyone will recognize the golden arches and if a consumer wants a Big Mac, they will find a McDonalds to purchase one. The ultimate choice on what to eat lies within the consumer purchasing. At least McDonald’s is providing them with more options to ponder when making that choice. Following scandals in regards to obesity being caused by the Fast Food industry, new and innovative legal solutions linked advertising, nutrition, and public health communities in constructive ways. Under a law put into effect in France by spring 2007, for television and radio advertisements that deal with food or beverages (other than water), marketers can either add a government-proscribed health message to the advertisement or pay a tax equivalent of 1. % of their annual advertising budget. Money from the levy goes directly to the French national institute for health prevention and education, the body that promotes healthy living in France (Jardine and Wentz 2005). One of the following four short messages, created by government should be added to any advertisements for processed, sweetened, or salted foods on television, radio, billboards, and the Internet for products processed or so ld in France: * ‘For your health, eat at least five fruits and vegetables a day’ * ‘For your health, exercise regularly’ ‘For your health, avoid eating too many foods that are high in fat, sugar or salt’ * ‘For your health, avoid snacking between meals’. On television and in cinemas these health messages are shown on a thin horizontal band (corresponding to only 7 per cent of the height of the screen), or as a screened notice displayed just after the advertisement. On radio, the message is broadcast immediately after the advertisement. Printed materials include a horizontal message strip also corresponding to 7% of the total height of the advertisement. This law was adopted as result of concerns about rising levels of obesity and especially childhood obesity, coupled with unease about the influence of United States’ fast food and soft drink companies on consumption of food and beverages in France. The increasing availability of foods high in fat, sugar and salt (so called junk foods) across the world has made eating healthily a challenge. This law was designed to encourage healthy eating habits and exercising and a healthy lifestyle. Along with another French law requiring all nutritional valued to be displayed on the product package, the fast food tax law helped create awareness among French people in regards to the downside of unhealthy eating habits- quantitative and qualitative. However, this law did not discourage fast food advertising. MacDo France has almost one broadcast advertisement for each of the products offered to French consumers. For example, French channels broadcast a 23 seconds movie for the new burger CBO. It presents it to McDonald’s lovers as a sandwich with a new Chicken, Bacon, and Onion recipe that offers the perfect mix as its advertising shows. Also, they use a lot of billboards in all cities which could be explained by the huge amount of restaurants present in France. McDonald should adopt adding the healthy message to their advertising rather than paying the tax. In the past years McDonald’s enhanced their menu with healthy choices and published nutritional values of their meals. The healthy message plays along the company’s current marketing strategy. McDonald’s can use this law requirement as a marketing strategy and they can position themselves as health promoters rather than encouraging unhealthy meals. Below is a clip with a current French advertising. http://www. youtube. com/watch? v=px2VxWmjR-oNR=1 The message written on the advertising reads, â€Å"For your Health eat at least 5 fruits and vegetables per day†. This is the healthy message required by law. This is McDonald’s choice for advertising in France and rather than paying 1. 5 percent in tax they chose to help spreading the health message. Whether or not obesity rates fall in countries that ban food advertisements, will not be a result of if the advertisement campaign was successful or not, but more on the consumer themselves. Every consumer is free to make their own choices when it comes to any purchase they make; therefor they will make the one that resonates best with what they want. The companies have the responsibility to provide healthier choices to offer their customers so that those looking to change their lifestyles or try something different, healthier, trendier, etc. have that opportunity. McDonald’s is making all of the right moves to provide healthier choices and better options to those consumers who choose to purchase those. References: G8 summit braces for more violence. (2001, July 21). Retrieved October 2, 2011, from www. cnn. com: How to cite Mcdonald’s Case Study, Free Case study samples

Challenges in the Implementation of New It Systems free essay sample

Davenport (1998) agrees that system implementation do come with enormous technical challenges but the complexities and technical challenges are not the main reason for the difficulties in implementing the systems but rather attributes it to business problems. Most information technology systems by their nature impose their own logic on a company’s strategy, organizations and culture. Some company’s may have their own customized processes that provide them with a competitive advantage and these processes may not necessarily be support by the new systems. As such the conflict between the logic of the systems and the logic of the business or the company can lead to an implementation failure and cause a great deal of disruption and possible weaken the company’s source of competitive advantage. To mitigate such a situation, companies must have a clear understanding of the business implications of installing any new system and its impact on their business and legal requirements before proceeding with its implementation. There may be the need for some customization to for the system to properly support the business. Such a scenario was encountered during an SAP implementation I was part of for my previous employer in Cote D’Ivoire. During the assessment stage we realized that Cote D’Ivoire had a complicated system for calculating the tax component on raw material imported into the country. This calculation process was not part of the SAP application since it was unique only to that country. We eventually had to make some change request and development in the SAP system to be able to accommodate this taxation calculation and developed another software that interfaced with SAP. Failure to identify and address this could have led to a significant implementation failure. This led to losing some amount of integration benefits of SAP but overall it also allowed us to meet the regulatory requirements of the country. Another potential area that can impact the implementation of new IT systems is failure to consider the employees who are the actual use of the ystem in the implementation process and ensure they are well trained and prepared to work with the new systems. Burke et al (2001) states that the success or failure of any implementation rests on the ability of those in charge to manage the human factors of the project. From personal experience implementing SAP, one key thing I noticed was that most of the staff in the early months after go-live were using the new system in ways similar to the old legacy systems they were used to. This divide between how the system was being used and how it actually should have been used did not ensure that the objective of the implement new systems was achieved. This also led to many complaints from staff and their managers about how the new system was making their jobs difficult. In as much as a lot of awareness was created about the new systems and most members of staff knew about it, there was a gap in training. Super users and trainers for some functional units were not able to effectively train all the end users on how to use the new systems. There was also a gap in the soft skills of some users especially the factory hands and warehouse staff who were not completely comfortable with barcode scanners and computers. The following recommendation made in the learning log by the implementation team to mitigate any such reoccurrence:- †¢During the early project tasks, there should be a mapping out of the roles and job function and the necessary training needs identified. Analyze the impact of the system on each job and ensure training is customized to enable employees perform their task †¢Ensure there is a training budget as part of the implementation process †¢Training should start as early as possible and day in life cycles should be used as part of the training scripts †¢Identify employees who need training on soft skills (use of computers, barcode scanners, etc. as part of the early project tasks and ensure they are trained prior to implement the new system In as much as implementation of IT systems can be complex, there is the need to ensure all the aspects of human intervention are properly address prior to implementation. Chopra and Meindl (2007) also suggest three ideas to keep in mind when implementing IT systems. First is to install new IT systems in incremental stages rather than a full scale implementation. The idea is to limit the damage should problems arise with the installation and also to make it easier to identify problem areas during installation. The second is to run both the new and old systems parallel for a period such that when a problem is encountered with the new systems in the early stages, the old system can be relied upon for business continuity while the issues are addressed. The final idea is to implement only the level of complexity that a company needs. New systems always seem to have a lot of functionality that most managers will like to have. The focus should always be on exactly what is needed and provides the benefit the company needs. References Burke, R. , Kenney, B. , Kott, K. and Pflueger, K. (2001) Success or Failure: Human Factors in Implementing New Systems. Chopra, S. Meindl, P. (2007) Supply chain management: Strategy, planning, and operation 3rd ed. Upper Saddle River, NJ: Prentice-Hall. Davenport, T. H. (1998) â€Å"Putting the enterprise into the enterprise system. † Harvard Business Review, July-August 1

Benjamin Franklins Autobiography Virtues Essay Example

Benjamin Franklins Autobiography Virtues Essay In his late 20s, President Benjamin Franklin listed 13 virtues that he felt were an important guide for living. The following virtues can be divided in personal and social behavior: Temperance, Silence, Order, Resolution, Frugality, Industry, Sincerity, Justice, Moderation, Cleanliness, Tranquility, Chastity and Humility. Despite the fact that he tried to follow these guides in his life and went away, consider this being worthwhile in your own life. Temperance, eat not to dullness. Franklin states some associate temperance with eating and drinking, but wasnt his intentions. My reasoning for why I feel this is one of the most important virtues is because one should always keep cool no matter what situation. Conquering your primal urges for food and drink, you’ll have the confidence to start making improvements in other areas of your life. As being taught in different ways in todays time, order is another important virtue. Let all your things have their places. A man must fight against these natural laws if he wishes to do well in the world. I feel that its most important because being organized and properly creates a well rounded individual. Cleanliness, Sincerity, Fragility and Resolution is what influence the children’s childhood. Having the confidence to allow your actions speak for themselves, Franklin considered humility to be something worth acquiring and I agree with him. We will write a custom essay sample on Benjamin Franklins Autobiography Virtues specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Benjamin Franklins Autobiography Virtues specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Benjamin Franklins Autobiography Virtues specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Men have pride in themselves showing the sign of strength and courage to mark a true person. They think of their abilities than they really are and honesty. The majority of the list of virtues is also valuable. Benjamin Franklins issues werent important but society has changed and thats mainly are cause in the 20th century. Learning about Franklin’s experience, I find him as an intelligent man who has influenced the immature process of children before and today.

Income Elasticity of Demand

Income Elasticity of Demand A Beginners Guide to Elasticity: Price Elasticity of Demand  introduced the basic concept and illustrated it with a few examples of price elasticity of demand.   A Brief Review of Price Elasticity of Demand The formula for price elasticity of demand is:   Price Elasticity of Demand (PEoD) (% Change in Quantity Demanded) à ·Ã‚  (% Change in Price) The formula quantifies the demand for a given as the percentage change in the quantity of the good demanded divided by the percentage change in its price.   If the product, for example, is aspirin, which is widely available from many different manufacturers, a small change in one manufacturers price, lets say a 5 percent increase, might make a big difference in the demand for the product. Lets suppose that the decreased demand was a minus 20 percent, or -20%. Dividing the decreased demand (-20%) by the increased price (5 percent) gives a result of -4. The price elasticity of demand for aspirin is high a small difference in price produces a significant decrease in demand.   Generalizing the Formula You can generalize the formula by observing that it expresses the relationship between two variables, demand and price. A similar formula expresses another relationship, that between the demand for a given product  and consumer income Income Elasticity of Demand (% Change in Quantity Demanded)/(% Change in Income) In an economic recession, for example, U.S. household income might drop by 7 percent, but the household money spent on eating out might drop by 12 percent. In this case, the income elasticity of demand is calculated as 12 à · 7 or about 1.7. In other words, a moderate drop in income produces a greater drop in demand. In the same recession, on the other hand, we might discover that the 7 percent drop in household income produced only a 3 percent drop in baby formula sales. The calculation in this instance is 3 à · 7 or about 0.43.   what you can conclude from this is that eating out in restaurants is not an essential economic activity for U.S. households the elasticity of demand is 1.7, considerably great than 1.0 but that buying baby formula, with an income elasticity of demand of 0.43, is relatively essential and that demand will persist even when income drops.    Generalizing Income Elasticity of Demand Income elasticity of demand is used to see how sensitive the demand for a good is to an income change. The higher the income elasticity, the more sensitive demand for a good is to income changes. A very high-income elasticity suggests that when a consumers income goes up, consumers will buy a great deal more of that good and, conversely, that when income goes down consumers will cut back their purchases of that good to an even greater degree.   A very low price elasticity implies just the opposite, that changes in a consumers income have  little influence on demand. Often an assignment or a test will ask you the follow-up question Is the good a luxury good, a normal good, or an inferior good between the income range of $40,000 and $50,000? To answer that use the following rule of thumb: If IEoD 1 then the good is a Luxury Good and Income ElasticIf IEoD 1 and IEOD 0 then the good is a Normal Good and Income InelasticIf IEoD 0 then the good is an Inferior Good and Negative Income Inelastic The other side of the coin, of course, is supply.

Design principles Essay Example | Topics and Well Written Essays - 5500 words

Design principles - Essay Example The establishment of perception of Practical systems was also a task the learning of which was an enormous milestone that we achieved in this course. I thank my instructor and friends for their guidance and for the knowledge that I gained during this course that, of course, immensely assisted me in the formulation of this final report to the project. In the end I also thank the Anglia Ruskin University for providing me with a platform for learning and implementation of the required skills. PROJECT INITIATION DOCUMENTS The purpose of the new system The reasons why the current information system was required to be prepared can be narrated as follows: The problems faced by the management and other personnel at educational institute regarding the institute’s transport facility were numerous. The basic problem lay in the fact that no computerized record of the personnel availing the institute’s transport system existed. Whenever any transport related decision was required to be made at runtime it was solely dependent on human skills. Very few records relating to the passengers were stored in different files. The entire system being manual was very difficult to maintain. Performance wise this system was very poor and would take very long time in providing the results. Anyone who wanted to have information about any transport management related issue would have to go through many files before getting the desired information. Though this system was very cheap economically but the time factor and lack in efficiency was over shadowing its advantages. This situation became the root cause of all the problems eventually resulting in the arousal of a dire need to construct an efficient system that would cater to the vehicle management related issues. This was absolutely necessary as due to the lack of such a proposed system it was absolutely impossible to make complicated management related decisions at runtime especially when new students were enrolled into th e institute and each one of them wanted to start availing the transport facility right away. For the proposed vehicle management system to function efficiently it was absolutely necessary to maintain a constantly updated database at its backend that enabled interaction of users with it via a user friendly interface. Objectives of the new system The objectives of the system were thus the making of an information system that would be linked to the student record database. It would separately store the students that would be opting for the vehicle management system that is run under the supervision of the educational institute itself. The objective it would thus achieve would be as follows: The computerized record keeping of all students/ staff availing the transport facility. The allotment of vehicle number to each student with respect to the desired pick up point and drop off point specified by him. The computerized collection of monthly fee. The assigning of specific routes to vehic les. The assigning of specific routes and vehicles to drivers. The registration and record keeping of vehicles running in the system. The record of revenue being used in maintenance of the vehicles and for fuel consumption. Stakeholders The stakeholders of the system include: Students and staff members availing the facility of transport provided by the educational i

Research paper Example | Topics and Well Written Essays - 2000 words - 1

Research Paper Example Generally, for along time product design has been the concern of most scholars in all fields and more so in the development of computer information products. Product design involves aspects of making and coming up with products, events processes as well as services based on the user experience and add quality to the user. It also takes into consideration the immediate environment in order to identify and solve certain problems. It is with this view that emotional appreciation of an event process or product goes along way in improving the quality as well as the usage of the same (Norman, 2004). In my opinion, when people are more enthusiastic about a product designed they are likely to appreciate the product and in the event talk good about it. Through such those developing the product also look at ways of improving it. Through appreciation of the aesthetic and visceral aspects of products it creates emotional satisfaction as well as encourages association with the product (Kausler, a nd Trapp, 1960). In the market this aesthetic appreciation helps in marketing as more of the product is sold more and more. Emotional appreciation during product design has been also argued that it encourages integration of theories and concepts that are vital in the final development of product. In the companies this has also been seen to result to hard work and dedication as people become more attached to the designs they produce and emotionally feel good about their work. So anyone who has an experience of the products either directly or through the website appreciate this aspects of product design and become emotionally attached to it which therefore spreads to family members ,professionals as well as the media in general. Therefore it becomes very important to look at these aspects of aesthetics in the design of any product. Q2. The philosopher's tool kit II (Wittkower) In his attempt to examine the philosophical aspects of iPod mobile audio player, Wittkower (2008) uses 19 cha pters written by different authors and philosophers on how iPod is changing the lives of individuals and their sense of community. The philosopher’s toolkit is a comic philosophical thought and methods book as well as a novel. This novel have several chapters with latest revision of philosophical writing making this book further good for the readers understanding of its concepts. This book has six chapters and presents instances of certain kind of philosophical tool in each of them. Chapter one of these books jerks mouldy aptly by unfolding the position of influences in viewpoint. This chapter goes on and discuses several peripheral philosophies example of these being the difference between explanation and reasoning. This seems to be confusing and irrelevant to some extent. This chapter points out how inappropriate logically valid advices might seem to the layman. Finally the chapter explains that the structure of fight regulates its validity and resolutions the pressure by f amiliarizing the position of truth for the discussion. In chapter two, the hypothetical-deductive technique is categorized though it looks to be perplexing. It says that the result of the trial may in the sturdiest case prove or criticize the thesis. In feebler cases the outcome might offer proof for or against this thesis as well. With HD technique one can prove the truth of a concept; this is even well elucidated in the next chapter. In another contrasting example, the pass of reduction to some

Investment Appraisal Decision Making

Investment Appraisal Decision Making 1. INTRODUCTION The research is undertaken in the partial fulfillment of degree of MBA. The dissertation focuses on the investment appraisal in the Indian hotel industry. Shareholders and Creditors invest capital in an enterprise in the hope of gaining a return. For loan creditors they require interest plus a return of their capital, while shareholders require dividends and maintenance or increase of share prices. The capital invested is channeled through the enterprise and invested in capital projects, which must generate returns commensurate with the expectations of the providers of that capital. Capital investment within any organization is crucial and important for the organizations well being and long time survival. Capital investments are those which have long-term effects on the organization by providing benefits over a number of years. This dissertation also shows the different types of investment appraisal and shows the company where to invest and where to not invest. Questionnaire is desig ned to collect primary data along with secondary data collected during literature review. Conclusions will be based on the basis of data collected from questionnaires. Secondary data and recommendations will be presented that will enhance the decision making process made in the Indian hotel industry by the investment appraisal methods. 2. OVERVIEW OF INVESTMENT APPRAISAL Capital expenditure decisions are crucial to the long-term viability, success and survival of a company. Capital investment appraisal provides a framework in which capital projects can be considered, screened and evaluated. Because of the inflexible nature of capital projects, risk and uncertainty, and environmental change, e.g.; the tax factor, changes in government policy and technological change, it is essential that they are carefully selected, to ensure that they will help the organization to achieve its objectives. Therefore, Investment decision is one of the key decision areas of financial management. An investment decision can be defined as one that involves the firm making a cash outlay with the aim of receiving, in return, future cash inflows. Decisions about buying a new machine, building a factory, extending warehouse, improving a delivery service, instituting a staff training scheme or launching a new product line are all examples of investment decisions that need to be made by the industry. In order to make such decisions and to ensure that they are consistent with each other, a common method of appraisal is required which can be applied equally to the whole spectrum of investment decisions and which should help to decide whether any particular investment will assist the company in maximizing shareholder wealth. Therefore, investment appraisal methods cannot replace managerial judgement, but they helps to make that judgement more sound. Investment appraisal is also referred to as ‘capital budgeting (Lumby. S, 1988). The decision making consists of different stages: Planning Identifying the alternatives to be considered and their transformation into workable proposals. Appraising the alternatives and selecting the best one with regard to the organ isations goals. Implementing the decision. Reviewing the selected investment project (RÃ ¶hrich. M, 2007). 3. RESEARCH AIMS OBJECTIVES Every organization has problems in its investment areas, so an appropriate investment appraisal is required to solve these problems.The role of investment appraisal is to ensure that appropriate information is gathered relating to the investment alternatives. Capital investment decisions allocates resources within the organization to offer the best potential of meeting its objectives. It maintains and improves profit performance and increase market share. It achieves a balanced product portfolio. Investment appraisal methods are relevant to all decisions that form part of the investment planning process. Understanding different investment appraisal methods, their assumptions, limitations and possible usages will lead to an increased understanding of different decision making and an informed choice of methods. This should greatly enhance decision making in regard to both single investment projects and investment programmes. It enhances various alternatives to use different methods of investment appraisal to make business decisions. It also develops higher order skills through having to consider other factors, apart from quantitative methods, that a business might have to consider in making business decisions. The main goal of long term decision making is that the firm must handle the investment in order to earn profits greater than the funds committed. In order to handle these decisions, firms must have to make an assessment of the size of the outflows and inflows of funds, the lifespan of the investment, the degree of risk attached and the cost of obtaining funds. The main focus of this research is to analyze the decision making process made in the Indian hotel industry by the investment appraisal methods. Taj Residency Plc, Abad Plaza Plc are the hotels in India which are included in this research. This dissertation will try to answer following questions using investment appraisal methods depending on problems identified during the analysis and searching for a lternatives. Key considerations in making investment decisions are: Should an investment be undertaken or rejected? In the case of mutually exclusive investment projects, which one should be preferred? For how long should n investment project should be utilized? When should the investment project be started? What is the scale of the investment can the company afford it? How long will it be before the investment starts to yield returns? Which of the investment projects should be preferred and carried out when limited financial budget restricts the number that can be undertaken t the same time? How long will it take to pay back the investment? What are the expected profits from the investment? Could the money that is being ploughed into the investment yield higher returns elsewhere? Does the proposed investment fit in with the organizations strategic objectives? What are previous proposals to see which techniques the organization uses? How the organization allows for risk and inflation in investment proposals? Which investment appraisal techniques would the companies wish to consider for making long term investment decision? Investment appraisal in the Indian Hotel Industry Hotel Industry in India has made tremendous boom in the recent years. Hotel Industry is inextricably linked to the tourism industry and the growth in the Indian tourism industry has fuelled the growth of Indian hotel industry. The hotel industry and tourism industry in India are straightly linked to each other. Revenues of Hotel and Restaurant (HR) industry in India during the financial year 2006-07 was INR604.32 billion , a growth of 21.27% over the previous year, primarily driven by foreign tourist arrivals ,which increased by 14.17%. at present, there are 1,980 hotels approved and classified by the Ministry of Tourism, Government of India, with a total capacity of about 110,000 hotel rooms. The tourism industry is showing excellent performance, in terms of foreign tourists arrival. It is estimated that over the next two years 70,000-80,000 rooms will be added across different categories throughout the country. The thriving economy and increased business opportunities in India have acted as a boon for Indian hotel industry. The cheaper airlines rates to India has also made growth in the domestic and international tourists which helped the industry very successfully. In recent years the Indian government has taken several measures to boost travel tourism which have benefited hotel industry in India.Investments in tourism infrastructure are essential for Indian hotel industry to achieve its potential. But instead there are few challenges faced by the Indian Hotel industry. They are lack of cost structure, shortage of efficient manpower, shortage of resources etc, so an appropriate investment appraisal is required to select and monitor the investments properly. The hotels which are included in this research are Taj Residency Plc, Abad Plaza Plc. Taj Residency Plc is a five star hotel which is situated in Cochin, kerala, India. Its a hotel which consists of 108 rooms including 12 spacious suites. The hotel provides all the services for the customers. The hotel is situated near to the sea, so it focuses mainly on international tourists. The Taj Residency Group is focusing on building a new hotel under the same name in another place in kerala, India. Abad Plaza Plc is a five star hotel which is situated in Cochin, kerala, India. Its a hotel which consists of 80 fully furnished luxury rooms. The hotel provides much more quality services for the satisfaction of customers. Warmth and hospitality has always been the strong points of this hotel. It is located near to the railway station and close to bus station as well. The hotel is trying to expand the business by way of building another hotel in another city in kerala, India and they are planning to extend the existing hotel into more bigger one in order to build more rooms and provide more service facilities to customers. So, a good decision must be made by using efficient investment appraisal techniques in order to invest in the right place and in the right time. 4. LITERATURE REVIEW OF INVESTMENT APPRAISAL An investment is ‘any course of action that involves sacrifices now or in the near future in anticipation of higher future benefits (Pike and Neale, 2003). Investment appraisal is influenced by the fact that external shareholders and potential investors have access to accounting data and make their estimates of firms economic rte of return with accrual-based accounting numbers. As a result, there is a continuing history of research analysing and relating accounting rate of return and economic rate of return concepts. Accounting information affects investment appraisal in many ways (Danielson Press, 2003). There are four basic techniques for the appraisal of capital investments which are : Payback (PB) measures the time that it will take to recover the total funds invested in an project. It shows the time required for the total cash inflows to equal the total cash outflows. A Project is considered attractive if it has short payback period. Projects with short payback periods allows managers to recuperate their investment quickly and give them more flexibility to reinvest these funds in future. They also have fewer risks than projects with longer payback periods. The payback period is popular method to evaluate capital investments. The shorter the payback period is, the more desirable the investment. Because the payback period focuses on short-term results, it does not require managers to predict cash flows far out into the future. Accounting rate of return (ARR) measures the percentage return the project achieves over its life in terms of profitability. Accounting rate of return is often used internally when selecting projects. It measures the performance of projects and subsidiaries within an organization. ARR is almost similar to payback period method but the important difference is that it tends to favor higher risk decisions, whereas use of the payback period leads to overly conservative decisions(Broadbent. M, Cullen. J, 2003). Internal rate of return (IRR) measures the percentage return the project achieves over its lifetime in discounted cash flows. The advantage of using IRR method is that it does not consider the time value of money and therefore is more exact and realistic than the ARR method. The shortcomings of this method are that it is time consuming to compute (Shim. K. J, 2000). Net present value (NPV) compares the initial cost of the project with the future discounted cash flows it generates. It allows the company to screen the company projects potential profitability by discounting future cash flow expectations and comparing the sum of these cash flows to the initial capital expenditure required to fund the project. Though similar to IRR method, NPV does not calculate an investments exact rate of return but instead calculates the exact dollar amount that an investment exceeds, or fails to meet , the expected rate of return. NPV provides an excellent decision criterion for investments. NPV does not suffer from any of the drawbacks of the payback or IRR methods. NPV is the method most recommended by financial experts for making investment decisions. IRR is still used to determine the exact rate of return for an investment, but NPV has none of the problems that IRR have with unusual investments (McAllister. E. W, 2005). 5. RESEARCH METHODOLOGY A research design provides a framework for the collection and analysis of data (Bryman and Bell, 2007). Data is divided into four types; secondary, primary, quantitative and qualitative. Selection of data type depends largely on the type of research (Buckley, 1995). The research objectives justify that descriptive research is the best method to achieve research objectives. The methods used in this research to collect primary data are as follows: Questionnaire It is a commonly used technique in quantitative research methods. The main benefit of using questionnaire to collect primary data is that it collects data in a format that is easy to analyze. The questions to be asked in the questionnaire are dictated by the research objectives. Questionnaire provides good sampling control and flexibility and control with regards to location and time. It is time consuming if several segments are involved. The research undertaken will use questionnaire to collect primary data. The mainrationale behind choosing questionnaire is that the research requires the controlled responses from the individuals. Time limitation for the dissertation also supports the selection of questionnaire for primary data collection as it is less time consuming to conduct. Personal interviews A Personal interview is defined as a purposeful discussion between two or more people (Kahn and Cannell, 1957). The data collected using personal interview is very reliable. Interviews can be un-structured or structured (Saunders et al, 2007). Structured interviews are a systematic goal oriented process. They force organized communication between the knowledge engineer and the expert. A structured interview is a question and answer session, which is recorded in some way. Personal interviews provide the visual verification of respondents characteristics and references to sources can be used to verify facts. However, personal interviews may be expensive and difficult to arrange. Also respondents may formulate the answers depending upon their profiles.

Social Media Essay

Writing Assignment: Social Media Essay. 3-4page paper: This paper is in three parts: 1) Discuss the social media in general, what it is, who uses it, how does it affect business; Social networking sites are based on the internet using by the computer, smartphone, or tablet that you able to access through Wi-Fi from anywhere. Companies use for improve teamwork or close to customers. Friends and families able to share pictures or greeting messages even they far apart. Everyone able to receive and share their personal interest and updated news. The social media is based on the internet with virtual communities that allowed people to share information, picture, or video. Definitely, social media does have more positive affect for individuals and companies. Today, however, there are always two sides of a coin. The individual account with social media is highly risk for security with person information. Facebook, blogs, wikis, RSS feeds, and podcasts are some of the social media that companies use to inform and persuade the public, to generate goodwill, and to build a positive brand awareness. 2) How do you use social media? Like and what I don’t like to use The great thing on the social media is a real-time update news. Another my favorite from the social media is sharing pictures within specific groups or public. However, most social media sites are connected world-wide. So it is never stop updating the message. Without self-control, it could disrupting personal daily task and routine. Also, social media sites using mostly slangs with comments such as lol, sth, asap, or more. Moreover, people use bullying or bitter word to hurt someone with anonymously comments. And, it has possible to reveal personal private life to unknown person who could use  for voice phishing. For example, my friend’s sister had phishing scam last year when she travel with friends. She posted some pictures on social network site that she was not in home. By somehow, the swindler found out and called their parents to asked ransom. 3) What are the different interesting and out of the way conversations going on in social media– that the general public may not know so much about– Also, discuss various mediums and methods to get one’s message across. For example, YouTube – advertising longer than public advertisement on television. What are the advantages and challenges? Also, how would you proceed with your virtual company using social media? Through social media for our iContol, I like to have announce experiential marketing for free to use about three to six months our product and first 100 people. Furthermore, our company can keep in touch with those 100 people’s feedbacks about product and service. In the conclusion, discuss which medium is preferred and why, how would you maximize its effects? Due Week 8 (submit under Week 8 Assignments)

Faculty Evaluation System

A proposed Faculty Performance Evaluation System for university of the Visayas-Dalaguete† Problem Statement The Faculty Performance Evaluation System will seek to answer what enhancement and design the school can adopt for a more effective and efficient automated System. Our project will provide the benefits and help the school to collect the feedback from the students and provide security and privacy respectively. Specifically, it endeavors to answer the following questions: 1 .Why is there a need to replace the manual system with an automated one? . What will be the benefits of having the automated faculty performance evaluation system In the university of the Visayas – Dalaguete? 3. How can automated faculty performance evaluation system help the school? 4. How can we provide security to our system? ED: What are the first steps that SIG schools and districts should take when re- thinking their teacher evaluation systems? CD: First, there needs to be an Intense dialogu e with faculty members about what constitutes good teaching.They need to develop a shared understanding of what is good practice. They can do a book study hat defines good teaching in a coherent way, what it looks like, and what counts as evidence of good teaching. I've worked on a framework for effective teaching. The big Idea that underlines this framework is that students learn from high levels of student intellectual engagement. There's a ton of research on that, but it's hard to do because In general, students aren't taught that way. The challenge Is to get people to understand how to engage students in learning.Second, there needs to be an effort to create a culture in the school around continued learning and professional inquiry. You're not done learning when you start teaching. Teaching is enormously complex work that people work to master over their entire careers. No one should act like it's easy because It's not. Then, teachers can move to on the ground work with students . They can analyze student work for levels of student engagement. If they have money to spend, they can get equipment to videotape themselves teaching to use for self- reflection. tx a powerful technology because teachers can watch their own lesson, observe other teachers, share their practice, and engage in dialogue. ED: Are there t Of2 speclTlc cnallenges In Implementing a tnougntTul evaluatlon system In low- erforming schools? CD: Not really. It's the same challenge, Just harder. One of the problems in low-performing schools is that teacher turnaround is higher, which means they could have more novice teachers. Beginning teachers, because they are inexperienced, need more intensive supervision and coaching than do their more experienced colleagues.It's essential that both the teacher and the district ascertain whether they are a good match. On the flip side, of course, new teachers frequently come with a lot of energy and enthusiasm for the work, and that can make a real contribu tion to a school. But the higher level of supervision by a principal takes time, and that's one of the issues with any evaluation system – finding the time to do it well. I don't think it's helpful or harmful. It's Just the nature of it. There's also the school culture element.Let's say you're my principal and a typical observation is one where you come in, observe my lesson, write it down, and tell me what I did wrong or right. l, as a teacher, have done nothing. If the school culture is one of inspection, then all I would want to do is to â€Å"get through† the evaluation. I'm not going to try anything interesting in my class while you're there. That typical process of where my role as a teacher is passive. There's no learning for me as a teacher. Creating a different type of culture is a leadership challenge.For the new teachers not to be performing at the same level as experienced teachers – that's natural. The culture should be one where professional growth and learning are understood to be part of everyone's Job forever, and learning is not a sign of deficiency. To have an effective teacher evaluation system, you need good, trained evaluators and more time from teachers and administrators to discuss performance and improve teaching and learning. ED: What about the problem of resources, especially in times of budget cuts?How do schools and districts keep their commitment to this type of a teacher evaluation system? CD: I don't think it's a resource problem. It's a prioritization problem and also a training issue for evaluators. When a teacher or union activist says that principals don't know what they are doing when theyre evaluating teachers, they are usually right! One of the things I'm working on is an actual evaluator certification program. The need for credentialing evaluators has been written into state law in a few places including Illinois and New York.

Cultural Evolution And Population Growth - 1372 Words

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Hypothesises such as Population Growth and Cultural Evolution arose as attempts to explain the causes for the inception of agriculture. Firstly, Cohen argues that the slow increment of population pressure fostered the first developments of agriculture at around 11, 600 B.P. He explains that the rise of population density drove individuals to generate new inventions in order to survive. Therefore, inhabitants had to intensify their food production through new systems to cover the shortage and scarcity resulted from the growth ofShow MoreRelatedReflection On The American Culture1384 Words   |  6 Pagesnature of buildings, religion, music language and marriage. The population of the United States is more than 320 million people making it the most culturally diverse country in the globe. Books such as Crabgrass Frontier, Manifest Destination and Muscular Christianity are important sources of information about American culture. 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