Compare between the new and the old enforcement arbitration law of Research Paper

Compare between the new and the old enforcement arbitration law of Saudi Arabia and the legal effects on the international agree - Research Paper Example 15). After this law, the previous law was referred to as the old law, which pledged to modernize the nation’s arbitration regime in a number of ways. Most significantly, this new law restrains the nation’s court intervening power with regards to arbitration through acknowledging the parties’ autonomy to deal with the arbitration process (Rawlings et al. 16). The new Saudi Arabian law addresses a vital concern under the old law, which is the power to the nation’s courts to reopen, as well as effectively re-litigate awards on their principles (Jones Day 1). Even though, the new law is an acknowledged enhancement, which promises considerable changes in Saudi Arabia, the event of change in practice remains unclear to date. Much will rely on the text of the executing principles and where the country’s courts stand with regards to the new law (Rawlings et al. 16). Many critics consider that this law slightly killed the independence of the Saudi Arabian co urt system while others argue that the law works to develop the nation, unlike the old law. This paper will take into consideration these arguments and bring out which law is better. It will also discuss the international effects of the legislation of either of the laws in order to note the significance of each. Provision of the Two Laws The New Law Encouraged by the UN Commission of International Trade Law (UNCITRAL) Model Law on International/Foreign Commercial Arbitration, which has been endorsed by a number of regimes, Saudi Arabia’s new law acknowledges parties’ independence to concur on significant aspects of their arbitration process (Rawlings et al. 44). Most importantly, the law respects the right of groups to arbitrate under a governed set of arbitration principles. This is a significant development, which tackles a region of uncertainty, which was present during the old law days. This new law acknowledges parties’ option of governing language, law and arbitrators provided that the sole arbitrator is a qualified lawyer (Rawlings et al. 44). This law also bestows with the entry under the old law for groups to file their agreements with courts for validation prior to commencing arbitration (Jones Day 1). The new law further respects that an agreement between parties can be published in a correspondence among them. The law dictates that arbitrators should have an encouraging obligation to keep groups updated with circumstances, which might lead to a conflict of interest (Rawlings et al. 45). This new law dictates straight procedure for resolving disputes by the arbitral tribunal, such as time restrictions for complaining groups to lodge doubts in the applicable court (Jones Day 1). This eliminates the capacity of groups to oppose to the execution of arbitral awards on such grounds when they did not raise it earlier within the time limit (Rawlings et al. 45). When the groups have not concurred on specific arbitration regulations such as the ICC, the law dictates a detailed arbitration course, which applies by default to all (Jones Day 1). The arbitral award should be granted within a year from the date, which arbitration started depending on the arbitral tribunal's authority to prolong this by an extra 6 months and the groups’ ability to concur with longer extensions. This grants the arbitral board a much more practical timeframe to resolve key commercial disputes, which

Abc-Clio - Continental System Essay Example for Free

Abc-Clio Continental System Essay Continental System One of Europes most storied leaders, Napoleon I is remembered for his dramatic victories as the leader of France, conquering large swathes of Europe until his ultimate downfall following the Battle of Waterloo in 1815. Despite his military prowess, Napoleon was never able to conquer the United Kingdom, his archrival to the north. As Europes most successful economic power and the nation with the most powerful navy in the world, Britain relied on its trade with foreign nations to fuel its own economy. In an effort to undermine his rival, Napoleon initiated the Continental System, a wide-ranging system of tariffs and embargoes against Britain. The Continental System ultimately had a far more negative impact on France, however, much to the chagrin of its illustrious emperor. Origins of the Continental System Hostilities between France and Britain had boiled for many centuries, but the French Revolution, with its antimonarchical republican values and extreme violence, initiated a new low in relations between those two nations. Fearful of republican ideology spreading to its shores, Britain was staunchly opposed to the French Revolution from its inception, and as the French Army began its conquest of Europe, the island nation sought allies in its struggle against France. By 1799, Napoleon had used the support of the military to overthrow the French Directory and effectively take full control of the nation; the French coup dà ©tat of 1799 established the French Consulate as the new government of France, with Napoleon assuming the ultimate executive position of first consul. Meanwhile, French armies successfully conquered the Papal States, Sardinia-Piedmont, and Switzerland, and even occupied Ottoman Egypt for three years. Such conservative forces on the European continent as Austria and Russia shared Britains fears and quaked at the thought of French invasion. They knew that the French would not only bring occupying armies to their lands, but also displace their monarchies and establish republics, and that was something the ruling elite could not accept. With a successful general like Napoleon now at the helm of the government, the issue appeared more urgent than ever before. To counteract the threat of French invasion, monarchies across Europe banded together in a series of coalitions. In 1798, Austria, Britain, the Kingdom of the Two Sicilies, the Ottoman Empire, Portugal, and Russia formed the Second Coalition, but their infighting prevented any effective concerted movement to stop the French war machine. By 1805, France had firmly established itself as an imperial power, having gained control over large portions of the Continent. In response, Britain and Russia, later joined by Austria and Sweden, formed the Third Coalition. This was a crucial move for the British; Napoleon had begun to amass troops in Boulogne—on the northern coast of France—in 1803 in preparation for invading Britain. The powerful British Royal Navy was able to prevent French invasion through a blockade, however, and with the decisive British naval victory at the Battle of Trafalgar in October 1805, Napoleon realized he would not be able to launch a successful land inv asion of Britain. A New Strategy Defeated, but not demoralized, Napoleon plotted a new way to attack the British. If he could not take them on militarily, the French emperor (Napoleon had proclaimed himself emperor of the First French Empire in May 1804) determined to attack their economy. Calling the British a nation of shopkeepers in a derogatory tone, Napoleon nevertheless knew that the Industrial Revolution, along with the riches flooding into the country from the burgeoning British Empire, had made the United Kingdom the most powerful economic power in the world. Because the nation was an island, it needed trade of its finished goods to buy enough raw materials and supplies for its population to live at a level that made it possible for them to be consumers and continue their rapidly expanding industrial output. He also knew that industrialization had ravaged the rural population of Britain, as well as its artisan crafts and cottage industries. As a consequence, he believed that a massive embargo of British goods throughout the European continent would destroy the British economy and incite a popular uprising that would bring down the government, as deprivation among the poor had done in France in the 1780s. Meanwhile, despite the loss of the French Navy at Trafalgar, the French Army (renamed the Grande Armà ©e in 1805) continued its domination of Europe. By the fall of 1806, nearly all of the Continent, from the Atlantic Coast to the borders of Russia, was either under French control, occupation, or allied to France. The only exceptions, most notably Portugal and Sweden, were unable to effectively take on French military might and stood waiting to see when they too might fall under French rule. With his power seemingly uncontested in Europe, Napoleon determined that it was time to strike at the British with his new strategy of economic embargo. Economic Warfare Begins On November 21, 1806, Napoleon issued the Berlin Decree, which declared that France would henceforth blockade all British ships and refuse them entry into any port under French control. In December 1807, Napoleon issued the Milan Decree as well, which stated that any ships coming into French waters that had previously docked in British ports would be confiscated, along with their cargo and crews, by French officials. That new policy was meant to include such neutral nations as the United States, which at that time was Britains most important trading partner; U.S. cotton in particular was essential for fueling the textile industry, Britains most important manufacturing base at the time. To counteract Napoleons moves, the British passed their own laws, known as the Orders in Council of 1807, forbidding their trading partners from dealing with France. As a consequence, the United States was forced to cease all trade with both Britain and France, a move passed into law by the Embargo Act of 1807. The U.S. withdrawal from international trade caused significant problems in the British economy and forced British industrialists to look elsewhere for cotton and other raw materials that had previously come from America. The expansion of the second wave of British colonization in the 19th century traces its origins to that period, as does the War of 1812 between the United States and the United Kingdom. Effects of the Continental System Napoleons attempts at economic warfare were shocking at first, but they did not fully cripple the British economy. Russia was not under French control in 1806, so in the beginning phase of the blockade, goods from Britain were still able to enter Europe through Russian-controlled Baltic ports. By July 1807, however, France and Russia concluded peace with the Treaty of Tilsit, and Russia—along with Prussia—joined the Continental System as a term of the treaty. By 1808, the value of British exports had fallen from  £40.8 million to  £35 million, and there was a visible decline in the import of grain. Moreover, industrialists, unable to get raw materials from abroad, began to lay off their industrial workers. At the same time, there were many crop failures in Britain, leading to extreme hunger for many of the poor who, without jobs or sufficient hours and pay, were unable to afford higher prices for rarer staples. Food riots resulted, but Napoleons hopes for a popular uprising that would overthrow the government never materialized. Though deeply affected, Britains economy was able to survive the blockade in the end, largely thanks to trade with its colonies and a marked growth in smuggling. While the consequences of the Continental System were dire for the United Kingdom, historians are adamant that the system actually had a far more punishing impact on France. Europeans, both in France and in its conquered and allied territories, were bitter that the system was denying them access to many of the consumer goods they relied on that originated from Britain and its colonies, like sugar, coffee, inexpensive textiles, and tobacco. Meanwhile, smugglers thrived in the environment of the embargo, and such goods that did get into Europe from Britain were far more expensive than they had ever been. Moreover, European nations conquered by the French resented the partner laws of the Continental System, which privileged French goods by placing high tariffs on other European goods. Prices throughout Europe skyrocketed under the Continental System, giving Europeans living under French rule new reasons to resent their imperial overlords. That resentment ultimately shook the foundations of support for Napoleons empire. Resentment, War, and Defeat The economic hardships wrought by the embargo led European nations that had not fallen under French rule to resist the Continental System. Portugal entirely refused to take part, forcing Napoleon to invade the nation and attempt to capture its fleet and depose its monarchy. However, King John VI of Portugal fled his home for Brazil, Portugals largest colony, and his naval fleet went with him. His people responded by revolting against the French invasion, and the British sent an expeditionary force to support them. This was the preliminary phase of the Peninsular War, a brutal struggle for independence from the French for Portugal and Spain, most famous in the United States today for its astonishing and heartbreaking war images captured by the master painter Francisco de Goya. The war was extremely costly for the French and played a significant role in Napoleons eventual downfall. The Swedish also decided to reject Napoleons demand that they join the Continental System, an act that resulted in that nation being invaded by Russia in 1808. The war that ensued—known today as the Russo-Swedish War of 1808–1809—raged from February 1808 until September 1809 and resulted in Finland being separated from Sweden and established as a semiautonomous entity closely tied to the Russian government. Also, the Russians forced the Swedes to join the Continental System, and all Swedish ports were closed to British shipping. Like other parts of Europe living under the Continental System, the Swedes were furious at the results of the embargo, namely higher prices and scarcity of goods. Anti-French sentiment increased, and Sweden subsequently took part in the final campaigns to overthrow Napoleons empire in 1813–1815. As prices skyrocketed, Napoleons Continental System was increasingly resented in France as well. Moreover, the human and financial costs of the wars in which the system played a causative role—like the Peninsular War—wore on the French public. Napoleons popularity began to plummet, and by 1812, the economy of all of Europe was collapsing. In that year, Russia decided to stop participating in the Continental System, and Napoleon responded by launching a massive land invasion of the vast country. Ill prepared for the elusive tactics employed by the Russian Army and the harsh nature of the Russian winter, Napoleon suffered the worst military defeat of his career during the Russian invasion; the human carnage was devastating for both sides, and Napoleons Grande Armà ©e was practically decimated. The resentful nations of Europe, including former allies of France, seized the opportunity and rose up in unison against Napoleons weakened regime. Within three years, the emperors fate would be sealed with his defeat at the Battle of Waterloo, the final proof that his Continental System was, in the end, a failure. Continental System. World History: The Modern Era. ABC-CLIO, 2011. Web. 3 Mar. 2011. Chicago World History: The Modern Era, s.v. Continental System, accessed March 3, 2011. http://worldhistory.abc-clio.com/. APA Continental System. (2011). In World History: The Modern Era. Retrieved March 3, 2011, from http://worldhistory.abc-clio.com/

Marketing analysis for the Allianz Group

Marketing analysis for the Allianz Group Allianz Group is a bigger company which providing insurance and financial services. Besides that, Allianz SE which is holding company of international group located in Munich. Allianz was found in Berlin. Germany in 1980 (Allianz, 2010) Allianz Group, with 152,000 employees in the worldwide, which has over 75million customers in around 70 countries. In the insurance market, Allianz is the market leader in the Germany and has strong international presence(Allianz, 2010). Allianz was a historical company which has more than 100 years. Even Germany defeat in the World War I but Allianz was slowly ventured outside Germany to European markets (Allianz, 2010) At the national socialist Nazi Germany in the era after 1993, Allianz fit in with the guidelines. After World War II, Allianz was start to rebuild post in 1945. Allianz was start to get international by spreading its activities to some country in Europe and Americas in year 1950s throughout 60s, 70s and 80s. In year 1990s, Allianz began to venture into the Asian market. (Allianz, 2010). Allianz Group also expanded its asset management business. Today, Allianz Group is one of the worlds leading financial service providers (Allianz, 2010). The mission of Allianz The mission of Allianz is to achieve sustainable growth of our competitive strength and values. In order to achieve this mission, they implemented a series of measures which characterize as 3+one program. They have an overall 3+1 program: Protecting and enhancing the capital base. Substantially strengthening the operating profitability. Reducing complexity. +One: Increase sustainable competitiveness and value. The organization structure of Allianz Board of Management Supervisory Board International Executive Committee International Advisory Board and Joint Advisory Council Employees The organization culture of Allianz Allianz Group culture combines German characteristic and international flair. In Munich, a lot of language will be using by the people when they talking to each other such as French, German, English, Italian, Chinese and etc. However Allianz values local cultures and markets situation does not dictate a one size all fit solution for the individual location. That why Allianz has defined a strategy framework to guiding standards. So that Allianz Group in the worldwide can adopt the cultural and business requirement to specific regions (Allianz, 2010) The macro environment analysis PEST analysis is concerned with the environmental influences on a business. PEST is stand for Political, Economic, Social, and Technological factors of the external macro environment. Political factors often look at the government policies. The economic factors relate to changes in the wider economy. Social factors is relating to the cultural aspects. The technological factors relate to the application of new inventions and ideas. It is an important tool to understanding risks associated with market growth or decline, and as such the position, potential and direction for a business or organization (Thompson, 2002). Following are the different factors affecting the Allianz insurance in UK. Political Some of these factors had a good impact to the travel, car and home insurance in the UK. The government travelers awareness campaign has brought awareness to the public about the dangers of traveling uninsured highlighting the expensive costs of medical treatments abroad. The travel industry has supported and benefited from this as it increased their sales prospects. The minimum car insurance implemented by the government is third party cover. This has a very good impact on the car insurance industry as this guarantees a sale on every car in the UK and because 76% of adult in the UK have a full driving license, all of them are potential customers (Birtles, 2002). Legal General data revealed that most critical illness cover claims are made by people under 40. (Speedy, 2004) This has been good news for age dedicated home and health care insurance companies as less cover claims means less liabilities. However, according to the Bank of England, the rising tax is slowing down the consumer spending. This has badly affected the whole of the insurance industry as people had less money to spend on higher premiums or packages. Economic In todays world facing inflation, people are more work-orientated, so earning more again translating to larger disposable incomes allowing people to live comfortably take advantage of more expensive schemes in insurance such as taking fully-comprehensive cover rather than third-party (Speedy, 2004). Another economical fact is that we are currently at the boom stage of economic cycle and so people are better off. This means that as stated above people are able to live more comfortably and on a general level are better able to afford things like food, shelter, clothing and health care. This translates to fewer illnesses which mean that insurance companies have less payout to make as less people fail ill (Speedy, 2004). Another important factor to notice about the general public in a boom phase of the economic cycle is that people are more likely to pay for products in the service industry. So things that they may have refrained from due to a lack of money like health insurance will be more welcome during a period of boom so increasing revenue for insurers (Birtles, 2002). Social Nowadays, Allianz facing a lot of social problems such as increase of young driver. They choose to insure on parents cars along with saving the money to buy their own cars. Young drivers aged between 17 and 25 also have a higher chance of being in an accident so they are more costly for an insurer to cover so insurers charge more. For this reason the increase in young drivers translates into larges revenues for insurance companies due to the larger premiums. (Birtles, 2002) Besides that, todays society is the increase in the racing culture with large emphasis placed on driving faster and better looking cars. Modified cars are a cheaper alternative to buying a sports car also increasing insurance costs (Speedy, 2004) . In comparison with 30 years ago the average person earns much more today translating to larger disposable incomes. This has leading to more people being able to afford second cars and so being insured on them giving more business to insurance companies (Speedy, 2004). Technology In new era, technology is an one of the important things using by social such as internet, communication technology and so on. With this technology, Allianz can increase the sales and reduce the transaction costs. By using internet, it can changes the delivery service process. Nowadays, Allianz using internet even sells insurance policies. Internet proving to be one of the widely used distribution networks for selling insurance policies. Also internet is used for sending premium notices to policy holders through e-mails (Shinde, et al., 2008) By using internet, it can provide several convenient such as premium calculator which accurately displays the amount of premium month wise and the remaining balance. One just has to enter the age, name of the insurance policy, the sum assured and whether there is an accident cover or not. By the insurance system, the user only by keying the information, this entire them to shown the premium amount within in short time. This has helped the customer in a way so that they dont have to travel all the way to the branch to ascertain the amount of premium to be paid (Shinde, et al., 2008) The international consideration Allianz operate almost in every continent. The regions are Eastern Europe, Central Eastern Europe, Asia Pacific, Americas and Middle East Africa. Allianz is deeply rooted in their domestic market which is Western, Northern Southern Europe. Western Europe is the home of Allianz. (Allianz, 2010) When Allianz wants doing an international business, Allianz will consider the human resource, financial and legal requirement into particular country. Allianz start a new venture in China, financial will incurred in that China will lower than having a new venture in Europe. Furthermore Allianz can get a large human resource in China. This is because the population in China is very large. Allianz also can save cost. The wage pay to the labor is lower and produced the production in a lower cost (Allianz, 2010). When a company intend to going international, they will consider the macroeconomic that will affect in their business. Before enter to a new country or new venture. They will do a research about the external environment of that country or region first and then only decide whether to start the new venture into that country or not. While Allianz also does the something. The macro environment that consider to the company are political or legal condition, economic condition, social issue environment and technology. Those are significant to evaluate a country before doing an international business (Allianz, 2010). There are several methods of going international when a company intends to go international. The company can go international based on export based, non-equity based and equity based. For Allianz which a company just provide services, it use equity based method to going international which include joint ventures and foreign direct investment (FDI). The first company or office that Allianz venture in is in London with open a subsidiary company (Allianz, 2010). Allianz was venturing into Malaysia in year 2001. It become controlling shareholder of Allianz General Insurance Malaysia Berhad(AGIM). However, AGIM was transferred wholly owned subsidiary AGIC in year 2007. Following the completion of the transfer of general insurance business, AGIM changed its name to AMB and became an investment holding company (Allianz, 2010). Besides that, there have several issue faced by Allianz in Malaysia. Currently, Allianz facing managing climate change risk. Managing climate change risk is the biggest challenge to the Allianz facing today with several impacts on insurance industry. Over past 30years, there was a great natural catastrophes claim by the victims which increase 15fold to approx. 30 billion Euros (approximately RM120 billion). Allianz settles 40% of industrial insurance claims are due to natural catastrophes (Allianz, 2010) With managing climate change risks, Loeffler (2010) was recognize climate changes as a matter of great strategic consequence for Allianz. Allianz need to assess together with their clients by mitigate the risks. In the other hand, Allianz was adapting the impact of climate change and safeguard insurability of risk in future. In year 2007, Allianz was established a subsidiary as Allianz Climate with explicit aim to develop new products and investment trends related to climate change. As a insurance business, Allianz need to act an early warning system to help the business and let the society know and understanding about the new risks. Allianz need to prepare in several ways for effects of climate change. Providing risk coverage for emerging technologies for example plays an important role in their future development. Securing the insurability of risks is essential for economies to be able to operate (Loeffler, 2010) The growth of business In year 1957, the Ansoff Matrix was first published in the Harvard Business Review and has given a quick and simple way of thinking about growth to generations of marketers and business leaders and helps them to assess and understand business development or marketing strategy (Manktelow, 2010). Ansoffs product-market matrix explain that a business attempts to grow depend on whether it markets new or existing products in new or existing markets. Market penetration Market penetration is a growth strategy where the business focuses on selling more of the same products or services in current markets. This strategy normally try to fix or increase the revenue of current products and achieve economies of scale through more efficient distribution more efficient manufacturing, and more purchasing power (QuickMBA, 2010). Take for instance; Allianz can use advertising to promote their product or policies. Advertising is an important tool to help the company to build up the brand name. In fact, consumer will compare the products through advertising. An innovative and creative advertising is able to form a well image in the mind of the public in order to stimulate more consumers to buy the products. Besides that, Allianz can implementation other special offer promotions like Allianz can offer a variety of free health checks in different public place such as hospital, shopping complex or any fair related to healthy. Through the event, the consumers were gi ven an opportunity to purchases health product at a promotion rate. (Anon, 2010) Product development Product development is the name given to a growth strategy where a business aims to sell new products or services in current markets. This strategy often try to develop and innovation new product and sell to existing customers (QuickMBA, 2010). For example, Allianz can provide more comprehensive coverage in addition to the existing insurance plans. Like Allianz can give protection among other, medical expenses including dengue, malaria, bungee jumping, amateur sports, natural disasters, kidnappings and thefts. Because these events were became more serious in Malaysia (Allianz, 2010). Besides that, Allianz can packaging existing products it in new ways. Like when husbands buy a personal healthy policy, Allianz will offer a new package that their wife are also can get the free protection from Allianz. It is means buy an insurance policy but the beneficiary is to two persons. Diversification Diversification is the growth strategy where a company promoted new products or services in new markets. This is the most dangerous type of strategy because the business is entering into markets in which it has little or no experience. For a business to use diversification strategy, therefore, it must have a clear concept about what it expects to obtain from the strategy and an honest assessment of the risks (QuickMBA, 2010). For example, Allianz can try to launch the pets insurance policies. Nowadays, many people feel that raising children is not easy, so they prefer to concentrate on their pets. According to internet firms found that over 90% people look pets as their own children. Many people going and acting crazy in love with dogs and cats (Plano, 2007). They will provide a loving, safe, healthy home for their pets by providing assisted living, hospice, and placement assistance. Since so many people regard their pets as children, they will want to help their pets to buy an insur ance policy and protect their pets. So Allianz can be a first company to implementation this new and creative insurance plan. New venture Vietnam which is located in Asia Pacific is the best investment country. Despite the 1997 Asian economic crisis, Vietnams economy has expanded rapidly since the year 1980s Communist Party of Vietnam leaved from the communist economic policies. According to the Economist Intelligence Unit (2010), Vietnams GDP growth forecast is predicted to be strong, at an average of 7.9% between 2007 and 2010. Besides that, foreign direct investment in Vietnam rise 10 percent to between $10 billion and $11 billion in 2010. Foreign Direct Investment plays an important role in the Vietnam economy (Lan, 2010). Know and predominate the necessary need in Vietnam market in this few years, VIPC Capital Management Corporation provide many services such as Non risk investment , Asset management, Portfolio Management which can give more choices for the customer to choose the financial services and financial consultant to increase the effectiveness in fund management and generating profit. With these facilitie s and benefits, Allianz can use foreign direct investment method to enter Vietnam market. Threat of new entrants Allianz should make investigation on what benefits it will get by investing in Vietnam and build a strong customer royalty and make agreement with the government if possible to prevent possible entrants of competitor. As a new entrant, Allianz should build the good brand name to the customers in Vietnam by advertising such as TV advertisement, road side banner and so on. By advertise about the company to citizen in Vietnam to let them know about this company well. However, Allianz need to know the Vietnam citizen culture such as what they like or dislike. Besides the citizen, government rules and regulation need to learn by Allianz to enter into new market such as labor law. It is very important for Allianz to learn the government rule and regulation because some of the things have banned by the government in Vietnam. In other words, it is to make it harder for potential entrants to go in by imposing barriers to new entry. Competitive rivalry This is important for Allianz to know how rivalry in the market of Vietnam as rivalry among competing firms intensifies, causing industry profits decline and can make the industry becomes inherently unattractive. Since Vietnam less of international insurance company, Allianz can take advantage to enter the Vietnam market to gain more profit from the citizen. With brand equity of Alliance, the customer will prefer more for the international company. Besides that, there have only few multinational insurance company in Vietnam but Allianz need to know how strong the brand entity of the competitors are, and also to find out the weaknesses of competitor in order to get affiliate from the domestic consumers in Vietnam. However, Allianz need continuously innovative about the company to competitive with the competitor in Vietnam to gain more profit for it. Bargaining power of buyers Buyers purchases represent a major portion of income for Allianzs total sales revenue, so Allianz must investigate how strong the bargaining power of the buyers of the host country as most of the buyers have the absolute information regarding the price and the availability for the services. Recent year, Vietnam economic has resilient. Vietnams average income per capita has reached an estimated USD 1,200 in 2010 and the country has moved from the list of poorest countries to the list of low and middle-income countries (Vietnam Business Economy News, 2010). Most of the citizens have extra money to buy insurance for their own and their family. Allianz can offer with different types of policy to the customers such in different age of stage and so on. It will attract more customers to choose what type of policy they like due to increase the profit to the company. In the other hand, Allianz should offer a special price to the customers compare to the other competitors to attract for the c ustomers switch to the Allianz insurance. After the buyers purchase the insurance, Allianz need to make good relationship with the customers to maintains the sales because buyers will make income for company profits.

Dr. Richard P. Feynman :: Biographies Physics Essays

Dr. Richard P. Feynman There exists a man in the annals of modern physics who defies almost all description. His name is Richard P. Feynman, and he is equally known for dozens of accomplishments which often seem to have very little to do with physics. Bongo drummer is nearly as good a description as any, for playing the bongos was one of those accomplishments. In a feat of rhythmic skill that is rare amongst even the most prestigious classically trained musicians, Feynman taught himself to sustain two-handed polyrhythms of seven against six and even thirteen against twelve (Gleick, 16). He had a feeling for rhythm that allowed him to do everything from hold an audience spellbound with his improvisational bongo drumming (16), to annoy his college roommates with an incessant, almost absentminded drumming of his fingers (65). Richard Feynman was also much more than a bongo drummer, or even a mere physicist. He had the uncanny ability to see a puzzle and come to its inevitable solution in the time it takes an average person to blink. Feynman was asked to serve on the Rogers Commission investigation of the Challenger explosion in 1986 (Slone, Challenger). After reluctantly agreeing to join the commission, he began to truly sink his teeth into the problem. By going directly to the people who designed and built the shuttle, Feynman was able to learn just exactly how dangerous shuttle flight actually could be. The official NASA figure for the chance of shuttle failure was 1 in 100,000 (Challenger). In the course of his research, Feynman came to the conclusion that a more accurate number was actually 1 in 100 (Challenger). It was because of this willingness to do the necessary research and look beyond the management level of NASA to the guts of the engineering that Feynman was able to discover the true cause of the explosion. Cutting through political correctness and public relations concerns, Feynman conducted a simple experiment with a cup of ice water in front of a meeting of the commission, thereby proving that the material the O-ring was made of was incapable of handling the stress of takeoff at or below 32 degrees Fahrenheit, the temperature on the day of the launch (Challenger). It might be interesting to wonder about the origins of a man with such an incredible ability to isolate the truth and clearly relate it to others. To find those origins one need look no farther than the eastern coastline of the United States of America.

Financial Analysis of Competition Bikes Essay

Financial Analysis of Competition Bikes Introduction   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In financial analysis a complete assessment of a business organization covering competitiveness, profitability, liquidity and stability concerns. Financial analysis of a business is undertaken by reviewing the business’ financial statements. Summarized financial statement reports are frequently presented to executives and top managers for setting up business goals as well as making decisions. Analysis of the financial statements of Competition Bikes demand evaluation of the internal operation focusing on vertical, horizontal, ratio and trend analyses and the working capital. These evaluations communicate profit margins enabling projection of budgets and restraining sales and costs potential. Annual comparison of production performance subject to profit versus overhead helps in forecasting of budgets for production ingredients on a monthly basis (Shim, J. and Siegel, J. 2009). Competition Bikes Horizontal Analysis   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   This is the examination of percentage changes in comparative statements of a business. In this case, it is the evaluation of Competition Bike’s comparative statements between the year 6 and 7 as well as 7 and 8. The horizontal analysis chart helps in indicating the value of accounts payable differential in year 6 and 7 as well as year 7 and year 8. The company’s net sales soared up by 33.3% between year 6 and 7 at $1,495,000. However, net sales differential between year 7 and 8 was a negative implying that sales decreased by 15% at $897,000. Therefore, it is essential that Competition Bikes increases annual sales to reap higher profits. The value of gross profit registered was a negative figure of $266,600 equivalent to 16.3% decrease. Interestingly, the company registered a 37.5% gross profits increase between year 6 and 7 at $447,000.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The time period between purchasing of raw materials, manufacturing and distribution of goods is referred to as the operating cycle. The net period in collection of receipts from payments and sales is the cash conversion cycle for the different ingredients consumed and produced by Competition Bikes. The company witnessed a decrease in the operating cycle between years 6 and 7 from 50.52 to 48.00 days. This is explained by the increased growth of sales relative to the inventories growth rate. The cash conversion period between year 6 and 8 was relatively negative. This is because Competition Bikes Inc has a high liquidity owing to the short receivables period supplemented by a lengthy payable deferral period. It is indicative of the efficient management of the company’s resources.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The aggregate of administrative and general expenses between year 6 and 7 increased at $156,440 equivalent to 20.4% increase. However, the increase between year 7 and 8 was significantly lower at $11,004 equivalent to 1.2% increase. Still, Competition Bikes Inc operating income between year 6 and 7 increased at $191,820 equivalent to 154.6% increase. However, this parameter decreased at $318,392 equivalent to 61.9% decrease. Higher profits were registered between year 6 and 7 relative to year 7 and 8 which registered a dcrease in profits.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In addition, the company’s cash account differential between 6 and 7 was a decrease of $142,451 equivalent to 54.6%. However, this differential increased between year 7 and 8 at $326,475 equivalent to 275.4%. The net liabilities difference between year 6 and 7 was $128,620 equal to 1.2% increase. According to horizontal analysis, the total liabilities differential from year 6 to 8 was a decrease at $35,500 or 1.9% (Brigham, E. and Houston, J. 2007).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Still, Competition Bike’s common equity differential between year 6 and 7 was a 2.9% increase equating to $119,914 increase. Horizontal analysis of the same parameter indicates a fall between year 7 and 8 equal to $2,400 or 0.1% decrease. Since year 7 and 8 registered a lesser loss comparative to the gain between years 6 and 7, Competition Bikes Inc. broke even in the former years from the aggregate of year 6 and year 7. Competition Bikes Inc Vertical Analysis   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In vertical analysis, an exploration of a company’s statement of financial position is considered to validate each element comparative to the total assets as a percentage. For the income statement, vertical analysis involves exploration of the various variables subject to total sales. This analysis helps in evaluation of the financial performance of Competition Bikes Inc with time. The tabulation below indicates the Vertical Analysis of the Competition Bikes Inc’s Balance Sheet Account elements Year 6 Total assets ($4,199,303) Year 7 Total assets ($4,319,217) Year 8 Total assets ($4,316,817) Notes and accounts Payable 1.6% 4.5% 6.1% Accrued Salaries and other expenses 0.4% 0.3% 0.3% Accrued Expenses 0.5% 0.6% 0.6% Mortgage 42.9% 39.4% 37.1% Long term Liabilities 2.1% 2.0% 1.9% Stockholders Equity 52.5% 53.3% 54.1%   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Competition Bikes Inc Vertical Analysis assesses the liabilities, equities and assets of the company. Overall, the operating expenses fluctuated in little figures indicate a strong internal control policy. Therefore, there was little depreciation on the company subject to the operating sales versus costs. The proportion of liabilities decreased over the three years indicating an improved ability in Competition Bikes Inc to settle debts. The proportion of common equity relative to debts increased over the period signifying a growth in the net capital of the company. Competition Bikes Trend Analysis   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   This is the evaluation of the financial performance of a business over time. Firstly, Competition Bikes Inc balance sheet figures increased tremendously between years 6 and 8. This signifies growth and expansion trend in Competition Bikes. On average, the company grew at 3.3% which is a sustainable growth rate. Over the three years, the sales dropped significantly and especially between year 7 and 8. Nonetheless, the profit margin was relatively strong due to little fluctuations in overhead costs such as materials, productions costs and carrier fees. Therefore, it is potentially possible that the future sales in years 9, 10 and 11 high provided the company maintains the current growth and expansion rate.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Based on trend analysis, it is anticipated that the company’s sales in future will remain strong. This inspires the shareholder to invest more in the company over the next three years. Profits are anticipated to increase at 103.2%, 107.6% and 111.8% over the next three years respectively. In additional, further prodding of the company’s financial statements indicates a declining rate in sales growth rate. For instance, the company sales increase at 8.65% between year 6 and 7 as well as 9.85% between year 7 and year 8. Nonetheless, the significantly small sales growth rate is associative to higher boost in net income which rose by 12.82% and 14.46% in year 7 and 8 respectively. Competition Bikes Ratio Analysis   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It is the determination of the past years financial performance relative to other companies ratios, trends as well as those of the company/business under review. These ratios include liquidity, profitability and efficiency ratios.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Liquidity ratios extracted from the statement of financial position determine the ability of the business to pay its debts at and as when they fall due. The fractions are significantly important in computation of the business ability to meet its short term and long term financial obligations and goals. Quick ratio is computed by dividing quick assets by current liabilities. The company registered a low quick ration of 3.11% and 3.21% for years 8 and 7 respectively. This is because as a motor bike retailer, the company must hold high levels of inventory meaning that most of the working capital ends up tied. Considering that the company enjoys a small inventory turnover ratio, this is not a worrying level.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Efficiency ratios include the inventory turnover ratio and the average collection period. The former is obtained by dividing total sales by total inventory. This ratio indicates the efficiency and the rapidity with which the company manages to sell its bikes. In year 7 and 8, the company’s inventory turnover fell from 46.7 to 45.9 indicating decrease strength in paying off debts. The latter ratio is the anticipated period of cashing owed receivables from clients. Competition Bikes Inc current average collection period is 102.6 days. It is not an ideal duration because it implies delayed conversion of receivables into cash for clearing debts and expenses.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Profitability ratios include return on assets and gross profit margin. The former ratio assesses the aptitude of Competition Bikes to raise revenue from its assets. The company’s return on asset parameter in year 7 and 8 was 4.52 and 4.25 respectively. The gross profit margin at the same period was 27.4% and 27% respectively. However, this was a 4.7% drop from the previous 5.3%. The fall in profits translates to poor operations and hence the need to evaluate the company’s strategies. Competition Bikes Working Capital   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   This is the difference between the current assets and the current liabilities. It is important to a business because it determines the available resources for increasing production, hiring additional staff, merging and buying out other companies as well as investing in expansion projects. The company had a working capital of $2,123,000 and $1,768,000 in year 7 and 6 respectively. The increased values in working capital indicate an advanced working capital over the three years. Internal Control Strengths and Weaknesses   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   These are predominant in the accounts departments. The company has adequate resources to finance its operations now and into the future. This is because all activities are adequately covered financially. Besides, the company boasts a readily available clientele with a potential to attract additional clients. The company maintains a check and balance system to control sales, purchase and cash management translates to a strong internal control system.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Corrective action in weaknesses lists changes to be made to enhance completion of targets and achieving of total significance in a business. The operations and management for implementation are executed by the management to ensure resolution of identified weaknesses. When the firms adopts a tracking system, execution of identified strategies top resolve the deficiencies is easily executed. Corrective actions were installed to improve production and purchasing deficiencies. This is to help in constant inquiry as well as cooperation among various departments in the business. Risks   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Businesses face constant risks and threats and therefore, it is important to identify, address and mitigate the risks. Competition Bikes is susceptible to numerous risks such as increased competition resonating to low profit margins. Therefore, the company must strategize on maintaining and attracting additional clients. Still, the internal controls are a threat to the company. Impromptu competition between purchasing unit and the accounting department may result to delay in payment of invoices. Proper communication lines must be set within the company to address broken communication. Compliance   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Competition Bikes Inc compliance with Sarbanes-Oxley is indicative of the stringent monitoring controls that the company has installed for internal auditing purposes. This assures stakeholders of the efficient management of the company as well as in compliance with different regulatory framework. Compliance entails provision of an admirable working framework such as motivation of employees, retention of skilled labor and recycling of products. Recommendation   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Considering the past performance of the company, it is recommended that the firm must maintain a sound internal control system. This will report deficiencies such as weaknesses in financial reporting. It will help in securing a lock tight financial recording and documentation. Closer monitoring and evaluation of the excess raw materials and manufacturing surpluses will be maintained in reasonable amounts reducing overspending and potential theft. References Bateman, T. S., & Snell, S. (2013). M: Management. New York, NY.: McGraw-Hill Companies. Internal Control Systems. (2011, July 4). Committee of Sponsoring Organizations of the Tread way Commission (COSO). Retrieved December 12, 2013, from http://www.coso.org/documents/COSO_ERM_ExecutiveSummary.pdf.Kieso, D. E., & Weygandt, J. J. (2012). Intermediate accounting (9th ed.). New York: Wiley. Shim, J. K., & Siegel, J. G. (2012). Schaum’s outline of financial management (2nd ed.). New York: McGraw-Hill. Source document

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Investment Decision Making - Article Example In Canada, the market for SRI is over $50 billion in institutional and mutual fund assets,(1) representing approximately 4% of total assets professionally managed and 50 funds. The SRI asset base is growing at 40% per year, compared to the non-SRI growth rate of less than 15% per year. Though growing rapidly, the Canadian SRI asset base is substantially below SRI activity in the United States, which represents over US$2.2 trillion in SRI assets (13% of total assets)/and the 300 funds in Europe utilizing SRI strategies. Numerous studies and surveys have dearly shown that investor interest in environmental social and governance issues has increased dramatically in the past five years. In addition, it has become clear that investor sophistication has evolved beyond the relatively simple process of excluding companies that are engaged in certain "nonethical" businesses. Furthermore, the investment performance of typical negative-screened SRI funds has been inconsistent over the past ten years, causing many investors to seek more rigorous and quantitative investment strategies, such as sustainable development investing, that provide both top performance and social responsibility. Corporate Sustainable DevelopmentThe term sustainable development was originally proposed by the United Nations in the 1987 publication Our Common Future. 3 From a corporate perspective, sustainable development refers to companies that are committed to minimizing the environmental footprint of their operations, while simultaneously contributing to the economic and social advancement of communities in which they operate. To act upon this commitment, companies engage hundreds of sustainable development initiatives. From an environmental perspective, these may include energy conservation measures, waste reduction programs and pollution prevention initiatives. From a social perspective companies may schedule community outreach meetings, create the position of "ethics officer," reduce noise and odor pollution, and provide support for school lunch and recreation programs: Economic commitment often includes local procurement and hiring mandates, providing scholarships, for higher education and transferable skills training, and community infrastructure improvement. Worldwide, companies representing all, industry sectors practice sustainable development. Examples of notable Canadian sustainable development Companies include Abitibi-Consolidated Inc., Dofasco Inc., Falconbridge Ltd., Noranda Inc., Nortel Networks Corporation, Royal Bank of Canada, Suncor Energy Inc., Telus Corporation, TransAlta Corporation and Westcoast Energy Inc. These companies embrace sustainable development for essentially one reason--to have a positive impact on share price. Good BusinessBut how specifically does sustainable development benefit a company' A summary of categories of key causal factors as to why sustainable development is "good business" follows.

A job application letter, a resume,a cover letter Assignment

A job application letter, a resume,a cover letter - Assignment Example nal potentials; housing facility is not available, the duty hours are 40 hours of work per week, and possible overtime may be required depending upon need basis and there is no drug test required for the job; however the government would have a background check. Occasional travel may be required for training purposes. According to the job description the candidate has to perform several duties; these duties include to asses patient care need and to adjust the staff appointments accordingly, to assess the opportunities of improvement, serves on committee and to review and revise nursing policies, must participate in problem solving, develop plans for the care of patients, formulate nursing intervention based on their identification of the diagnosis, consult with healthcare professional on patients to coordinate the diagnosis, must be able to promote harmonious environment, initiates treatments and mediations based on appropriate utilization of standing orders, must be able to operate specialized equipments, maintains professional knowledge through continuing education and must be able to perform other related duties assigned. I believe learning and expanding my learning to the world around. I believe in helping humans and ensuring that I do something creative with my life so that I can be able to serve mankind and the environment around. Life is about giving and I want to get so that I can give. I am writing to you with respect to your job announcement titled â€Å"Clinical Nurse† at PHS Indian Health Hospital in Pipe Ridge, South Dakota, USA. I have been working as a Nurse with USA Memorial Hospital for the past 8 years and over the 8 years I have been awarded 3 times as the best nurse award. I believe in providing the best of services, I am very caring towards human nature and the only reason I opted for a nursing degree and occupation is I want to serve the mankind; I want to give them a source of comfort and a piece of mind. In order to achieve my goal I have

History of child labor Term Paper Example | Topics and Well Written Essays - 1250 words

History of child labor - Term Paper Example At the macroeconomic level, the debate explains arguments such as the rural economy, capital and income inequality. While at the microeconomic level, the arguments include the question on necessity of child labor, wealth paradox and parent altruism. Two sections include a comparison of data from personal research and that from other researchers. Looking at the history of child labor at a microeconomic level, child labor has a negative association with the aggregate income of the state. However, microeconomic child labor depends on the total income at the household level. An article representing research done by Sonia Bhalotra explains a number of arguments based on child labor at a microeconomic level. These arguments include: The study intends to scrutinize the affiliation between household poverty and its impact on child labor. In this case, the situation forces a child to go out there and seek for employment. Furthermore, fewer wages force the child to work for longer hours. This counter s the economic theory, which states that less wages lead to less working hours. In order to capture the need for child labor, the researcher did an assessment on 2400 Pakistan households in which children worked to get money. The results of the study show that boys work when need arises for family survival. On the other hand, the girls had ambiguous results indicating that girls toiled even when the situation was not critical. The concept could be due to either favoring the boy child or associating girls’ education with low returns. From the observation, it is apparent that at times child labor is not necessary even in poor families (Bhalotra, 2000). From past studies, most studies aim at establishing the correlation between household income and child labor. However, there is a clear distinction between wealth and income (Mankiw & Taylor, 2011). A family could earn a little money, but they own a large piece of land. Results from research

A job application letter, a resume,a cover letter Assignment

A job application letter, a resume,a cover letter - Assignment Example nal potentials; housing facility is not available, the duty hours are 40 hours of work per week, and possible overtime may be required depending upon need basis and there is no drug test required for the job; however the government would have a background check. Occasional travel may be required for training purposes. According to the job description the candidate has to perform several duties; these duties include to asses patient care need and to adjust the staff appointments accordingly, to assess the opportunities of improvement, serves on committee and to review and revise nursing policies, must participate in problem solving, develop plans for the care of patients, formulate nursing intervention based on their identification of the diagnosis, consult with healthcare professional on patients to coordinate the diagnosis, must be able to promote harmonious environment, initiates treatments and mediations based on appropriate utilization of standing orders, must be able to operate specialized equipments, maintains professional knowledge through continuing education and must be able to perform other related duties assigned. I believe learning and expanding my learning to the world around. I believe in helping humans and ensuring that I do something creative with my life so that I can be able to serve mankind and the environment around. Life is about giving and I want to get so that I can give. I am writing to you with respect to your job announcement titled â€Å"Clinical Nurse† at PHS Indian Health Hospital in Pipe Ridge, South Dakota, USA. I have been working as a Nurse with USA Memorial Hospital for the past 8 years and over the 8 years I have been awarded 3 times as the best nurse award. I believe in providing the best of services, I am very caring towards human nature and the only reason I opted for a nursing degree and occupation is I want to serve the mankind; I want to give them a source of comfort and a piece of mind. In order to achieve my goal I have

Explaining benefits of HRM practices within Unilever Essay Example for Free

Explaining benefits of HRM practices within Unilever Essay 1. Benefits for Employer: For an employer, it is beneficial for its company growth that its workers perform well. An employer will always try to find the suitable candidates for suitable positions. It is always important for a company to get its job done efficiently and with less time which HRM practices help (Brewster and Hegewisch, 2017). HRM helps in the management of performance through proper business planning which is the first stage. It is designed for performance standardization along with budget outputs. HRM practices monitor the Performance of employees to ensure accuracy, communication, and discipline among workers. Overall it adds to the global company image and perception towards other competitive companies. 2. Benefits for Employee: HRM is involved not only in securing and enhancing the efficiency of each worker but also in providing definite plans for efficient communication between different workers in order to make organizational development (Obeidat and Abdallah, 2014). The importance of introducing individuals to the ethics of the company is emphasized by value-based interviewing. The employees are given progressive activities from coaching, training, projects, mentoring, and assignments. All these activities help an individual to enhance its efficiency. For the employee, it is beneficial because it nurtures the qualities within. M3 Different methods used in HRM Practices within Unilever 1. Strategic Planning: The first stage is Strategic planning is detailed planning of the business. The business planning steps are designed in such a way so as to extract standardized performance is generally conducted through a 6month mid-year period, the planning process of strategic business is crucial to the assessment of present capability and performance of a business. 2. Training and development: HRM practices regarding training and development specializes coordination in forming a strong relationship between the employer and employee. The area for training and development of HR also focusing on training that emphasizes the companys fair trade practices and employee growth to prepare promising leaders for management and supervisory roles. 3. Employee satisfaction: A positive relation between the employee and HR help the company to achieve its objectives, morale and improves performance. This mainly comprises of achieving satisfaction, levels along the workforce (Zibarras and Coan, 2015). It helps to create ways to give strength to the employer-employee relations. Opinion surveys of employees are administered, a focus group is conducted related to job satisfaction and the steps the employer can maintain proper working relationships. 4. Recruitment: Employment process is being managed by the HRM department from examining resumes to scheduling interviews to new employees processing. They determine the most efficient for recruiting candidates. 5. Selection: professional HRs work with managers so as to effect good recruitment decisions, according to what the organizations need. They work together regarding standard hiring methods to ensure that the companies extend offers to suitable persons. 6. Compliance: HR workers need to make sure that the organization complies with legal regulations. They complete the necessary paperwork for documenting that the employees eligible to work in the country. They also comply with the organizational laws receive state or federal government contracts by ensuring flow logs of the applicant. References Brewster, C. and Hegewisch, A. eds., (2017).  Policy and Practice in European Human Resource Management: The Price Waterhouse Cranfield Survey. Abingdon: Taylor Francis. Obeidat, B.Y. and Abdallah, A.B., (2014). The relationships among human resource management practices, organizational commitment, and knowledge management processes: A structural equation modeling approach.  International Journal of Business and Management,  9(3), p.9. Zibarras, L.D., and Coan, P., (2015). HRM practices used to promote pro-environmental behavior: a UK survey.  The International Journal of Human Resource Management,  26(16), pp.2121-2142.

Creative Art Therapy on Schizophrenia | Literature Review

Creative Art Therapy on Schizophrenia | Literature Review CHAPTER II REVIEW OF LITERATURE A literature review is an account of what has been published on a topic by accredited scholars and researchers. As a piece of writing, the literature review must be defined by a guiding concept. It is not just a descriptive list of the material available, or a set of summaries. (Dena taylor-2010). A literature review is a text written by someone to consider the critical points of current knowledge including substantive findings as well as theoretical and methodological contributions to a particular topic. Review of literature is a written summary of the state of an art on a research problem. It helps the researcher to familiarize themselves with the knowledge base. It includes the activities involved in identifying and searching comprehensive picture of a state of knowledge on that topic (Polit and Hungler, 1995). The review of literature has been described under the following headings: SECTION A: Studies related to schizophrenia SECTION B: Studies related to Creative Art Therapy SECTION C: Studies related to Creative Art Therapy on schizophrenia SECTION A: STUDIES RELATED TO SCHIZOPHRENIA An experimental study was conducted to assess the effectiveness of clozapine in the treatment of resistant schizophrenia in Beijing, China. Twenty two patients with treatment of resistant schizophrenia were selected for the study by using randomized sampling technique. This samples were assessed by using the positive and negative syndrome scale for schizophrenia. The results showed that 60% of the study participants responded to clozapine therapy during the observation period. The researcher concluded that clozapine has therapeutic efficacy in treatment of resistant schizophrenia. (Xiang,Y. T, 2009). A descriptive study was conducted to assess the importance of genetic factors in men with early onset of schizophrenia in Surat, India. A total sample of 40 male schizophrenic patients with clinical onset before the age of 25 years were selected by using convenience sampling technique. Samples were assessed by using structured questionnaire. The results showed that one of the parent of 12(30%) patients had the history of schizophrenia. The researcher concluded that the genetic causes are more important in the etiology of schizophrenia. (Mukesh Patel, 2009). A descriptive study was conducted to assess the side effects of antipsychotic drugs in patients with chronic schizophrenia. A total no.of 1493 schizophrenic patients were recruited at 57 United states sites by using convenience sampling technique. They were evaluated using the positive and negative syndrome scale for schizophrenia. The result showed that olanzapine was associated with more discontinuation for weight gain or metabolic effects and perphenazine was associated with more discontinuation due to the presence of extra pyramidal effects. The researcher concluded that majority of patients discontinued the medicines owing to inefficacy or intolerable side effects or for other reasons. (Lieberman,J.A, 2005). A descriptive study was conducted to assess the association between violence and schizophrenia in Mullen, Australia. A total no.of 40 patients were selected by using purposive sampling technique. Patients were assessed by using structured questionnaire. Research shows that violence is a result of comorbid substance abuse or psychotic symptoms. The result showed that most studies conform the association between violence and schizophrenia. The researcher concluded that the proportion of violent crime in society attributable to schizophrenia falls below 10 %. ( Walsh,E. 1997). A preliminary study was conducted to assess the effect of psycho education program on self efficacy of schizophrenic patients utilizing the psychiatric day care. A total no.of 33 schizophrenic patients utilizing the psychiatric day care were selected by convenience sampling technique for this study. Generalized Self Efficacy Scale (GSE Scale) was used for the evaluation 1 month before intervention, immediately before intervention and after the completion of intervention. He has incorporated the social skills training into psycho education. The results showed that Self Efficacy score changed significantly between immediately before and after completion of the intervention. The investigators concluded that the psycho education was effective in increasing the self efficacy among schizophrenic patients. (Yamaji ,2005). An explorative study was conducted to assess the behavioral impairments and social disabilities among schizophrenic patients. A total no of 520 patients from seven countries were participated in the study. Disability assessment scale and Psychological impairments assessment scale were used to for this study. The results showed that there is an impairment in sexual relationship, workplace, self care and also in social roles. Negative symptoms such as inactivity, loss of interest, initiative and poverty of speech also present in the patients. (WHO, 2000). A descriptive study was conducted by Schizophrenia Research Foundation and Madras Medical College to assess the prevalence of schizophrenia in Tamil Nadu. Two areas Chintadripet and Triplicane were chosen for the study and door to door survey technique was adopted. The Indian psychiatric survey schedule and present state examination schedule was used for assessing the prevalence of the schizophrenia. The study was concluded that the prevalence rate of schizophrenia was highest in the area and a higher rate have seen in males and in age group of 15 – 45 years respectively. The higher prevalence rates were shown in slum areas, those living alone, in those with no schooling, in Christian communities and in the unemployed group. (Padmavathi, 1998). SECTION B: STUDIES RELATED TO CREATIVE ART THERAPY An experimental study was conducted on the effectiveness of Creative Art Therapy on the treatment of aggression in Netherland. A total no.of 100 samples were selected by using convenience sampling technique. They were used the structured questionnaire in this study. The results showed that expressing aggression with help of art material safely helps to explore one’s aggression. The researcher concluded that art therapy is an useful modality to suppress the anger that explodes in uncontrolled destructive aggression. (Henk, 2006). An interventional study was conducted to assess the effectiveness of Creative Art Therapy in reducing anxiety and fear in hospitalized children in Punjab, India. Samples of 22 children in the age group of 3-10 years were selected by using the convenience sampling technique. Creative Art therapy intervention was given 60 minutes for seven days. The Beck Anxiety Inventory Scale was used to measure the anxiety of the samples. The result shows that there was a significant difference between pre test (22%) and post test (11%) scores of anxiety. So the researcher concluded that the creative art therapy is effective in reducing fear and and anxiety among hospitalized children. (Hamre.H,J, 2006). An experimental study was conducted to assess the effectiveness of creative art therapy with incarcerated women who have experienced the death of a loved one. A total no.of 7 samples were selected by using purposive sampling technique. Semi structured interview was conducted before the study. One hour Creative Art Therapy sessions were offered to eight incarcerated bereaved women for a period of eight weeks. After two weeks after treatment, a 45-minute interview provided to the women with the opportunity to describe their personal experiences and responses in regard to the Creative art Therapy sessions. Result shown that seven women described positive outcomes following the Creative Art Therapy intervention and they had an opportunity to express their feelings. (Horn et al., 2004) An experimental study was conducted on the effectiveness of Creative Art Therapy and cognitive behavior therapy with sexually abused children. A total no.of 120 samples were selected in the age group between 8-11 years by using purposive sampling technique. Two group research design were used by dividing the group into two groups, 60 children in each group. Therapy sessions were held once a week for 12 weeks. Symptoms were assessed with trauma symptom checklist for children. The result showed that there is a significant reduction in symptoms commonly associated with sexual abuse who had been received creative art therapy than cognitive behavior therapy. (Pifalo. T, 2002). An experimental study was conducted to assess the effectiveness of creative art therapy on self esteem and anxiety of nursing home elderly residents. Quasi experimental research design was used. A total no.of 20 older adult psychiatric patients were selected by using purposive sampling technique. The state trait Anxiety Inventory Scale and Beck Depression Inventory were used to assess the anxiety and depression. Creative art therapy intervention was given three days per week for four regular weeks. The result indicated that the creative art therapy improved the level of self esteem and reduced the anxiety and depression of older adults. (Henry, L. 1997). SECTION C: STUDIES RELATED TO CREATIVE ART THERAPY ON SCHIZOPHRENIA An experimental study was conducted to assess the effectiveness of creative art therapy as an adjunctive treatment for patients with schizophrenia in London. A total no.of 43 participants were selected by using randomized sampling technique. Symptoms were assessed with the help of Positive and Negative Syndrome Scale. Allocated participants were offered with activity three sessions a week for 90 minutes per day and the duration for an average of 2 months. The result indicated that Creative Art Therapy produced statistically significant positive effect on negative symptoms. (Philrichardson, 2007). An experimental study was conducted to assess the effectiveness of creative art therapy among schizophrenic patients. Totally 45 participants were selected by using convenience sampling technique. Twenty sessions of creative art therapy have given for the selected samples. Symptoms assessed before and after the intervention by using positive and negative syndrome scale. The result showed that improved mental health especially reduction in negative and general symptoms in schizophrenia. (Crawford, 2007). An experimental study was conducted to assess the effects of Creative Art Therapy among schizophrenic patients and their relatives on symptoms, personal and social skills. Total no.of 9 patients and 7 patient’s relatives included in this study. Totally 17 sessions of Creative Art Therapy intervention were given for the patients and relatives for 30 minutes duration. Participants were assessed by using Positive and Negative Syndrome scale. Whereas all participants relatives were assessed through Beck Depression Inventory Scale. The results showed that creative art therapy can reduce negative symptoms, particularly social functioning and depressive symptoms of schizophrenia in which antipsychotics are not helpful. (Anadolu, 2013). A study was conducted to assess the effectiveness of Creative Art Therapy in acute schizophrenic patients in Berlin, Germany. A total no.of 60 samples were included in this study by using convenience sampling technique. Creative Art herapy have been given to the experimental group for 45 minutes daily for two weeks period. Before and after the study researcher were applied PANSS to all participants. The result shows that significant changes in negative symptoms and only mild effect on positive symptoms. So the researcher concluded that Creative art therapy is more effective on negative symptoms of schizophrenia. ( Dannecker, 2012). An experimental study was conducted to assess the effectiveness of Creative Art Therapy as an adjunctive treatment for people with schizophrenia in United Kingdom. A total no.of 417 samples were selected by using convenience sampling technique for the study. Group creative art therapy was delivered by the researcher for 90 minutes duration per day for two weeks. Before and after the study researcher were assessed by using PANSS to all participants. The result shows that some improvement in primary outcomes of participants. So the researcher concluded that creative art therapy can improve global functioning and reduction of symptoms in schizophrenia. (Crawford, 2012).

Slendertone Analysis Essay -- essays research papers

1. Describe the root causes of Slendertone ¡Ã‚ ¦s French sales revenue losses? ANS: All sales of slendertone were through distributors except of home-market. Since the investments being made in research and production, the company ¡Ã‚ ¦s marketing resources were very limited, they thought it could develop new market for Slendertone more cost-effectively and quickly. However, there were some poorly resourced and inexperienced distributors. In France, the company was concerned about the growing dependence on one distributor. There are 5main basis causes of Slendertone ¡Ã‚ ¦s French sales revenue losses listed below: Æ’ÃÅ"  Ã‚  Ã‚  Ã‚  Ã‚  Increasing competition continued to put pressure on price: from 1993 to the beginning of 1996: drop the retail price to compete the other EMS products. Æ’ÃÅ"  Ã‚  Ã‚  Ã‚  Ã‚  Lack of seconday data for the EMS product class, and the distributor reluctant to share sales data with Slendertone.: It ¡Ã‚ ¦s hard to to determine what market share different companies had. Also, lack of data made it difficult to determine the size of the existing market for EMS products in each company. Æ’ÃÅ"  Ã‚  Ã‚  Ã‚  Ã‚  Lost the TV slot: the distributor had lost the television slot for the Gymbody8 to cheaper product. Æ’ÃÅ"  Ã‚  Ã‚  Ã‚  Ã‚  Tacky advertisement: Some advertising featured topless models alongside sensational claims for the products ¡Ã‚ ¦ effectiveness. Æ’ÃÅ"  Ã‚  Ã‚  Ã‚  Ã‚  Distributor: in 1996 Slendertone decided to develop the UK market directly, without any distributor. The decision was made on the basis of the failure to attract good distributor in the past. That  ¡Ã‚ ¥s very clear to know that the problem of distributor. 2. When O ¡Ã‚ ¦Donohue arrived at Slendertone, he thoroughly researched customers reasons for purchasing Slendertone, losing weight or improving appearance. Why did he choose improving appearance as the message for men and women age 20 to 60 years. ANS: Through Mr. O ¡Ã‚ ¦Donohue gathered data on consumer behaviors and motivations relating to those different markets, he built up a clearer picture of the markets for Slendertone and found out its brand positioning, product emphasis, market segmentation, target market. Market Segmentation Positioning Strategy for Each Target Marketing Program for Each Target Originally, Slendertone was defined as  ¡Ã‚ §women betwee... ...an deny that  ¡Ã‚ §the value is equal to price and quality ¡Ã‚ ¨. Besides, Slendertone have large market share in a mature period,with slow growing with profitable products industry. He should maintain price leadership in the EMS market. There are some main ideas will point out Slendertone ¡Ã‚ ¦s brand strategy listed below: „à Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Differentiated image- slendertone as being at the top end of the market, based on its superior quality and powerful brand name. For the reason, Slendertone sould maintain their high quality and high price image to compete those low quality EMS company. „à Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Build a strong brand identification- The profession market playing an important role in the development of slendertone. It needs to get away from the  ¡Ã‚ §gadget ¡Ã‚ ¨ image and lead to profession market. „à Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Control of message marketing information- to avoid a recurrence of what happened in the French market. „à Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Innovation- To invent new product to prenuptials, postnatal and men but not only for women. „à Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Maintaining international operations and Creating a class world brand