Wacc for Fiat Group free essay sample

The WACC is the weighted normal expense of capital. It is a figuring of the organizations cost of capital considering the significant load of value and obligation as an extent of the aggregate. The expense of value or KE determined utilizing a hazard free rate model German 5yr government security, the firm’s beta and the arrival available. The firm’s beta is a figuring of the organizations presentation to the market, a beta of under 1 demonstrates that the firm isn't as impacted by outside variables as the normal firm in that showcase. A beta more noteworthy than 1 shows that the firm is more vigorously presented to advertise factors than the normal firm in that showcase. The equation I will use to ascertain the expense of value is the CAP-M recipe and is as per the following; KE = RF + B (RM †RF) RF = Risk free rate, B = Firm’s Beta, RM = Return available The expense of obligation or KD is determined by finding the inner pace of return for all the organizations securities. We will compose a custom article test on Wacc for Fiat Group or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page First the coupon on the bond is found for every one of the rest of the years until development, at that point we deduct charge, at long last we pick test two rebate factors and put our discoveries into the accompanying recipe; IRR = DCF1 + (DCF2 †DCF1) * NPV1 †0/NPV1 NPV2 Once we have discovered our KE and KD we should discover the loads of both the value and obligation capital. At last the entirety of this data is gone into our WACC recipe which is as per the following where MV is the market estimation of the organization; WACC = (KE * MV of value/MV of organization) + (KD * MV of obligation/MV of organization) Cost of Debt I likewise delighted in, while I discovered calm troublesome, the degree of closely-held conviction that goes into a report this way. I was exceptionally intrigued by the various figures I found for Fiats beta, I picked a high beta of 1. 62 because of the way that the engine business is so unstable as observed by the impact of the ongoing financial accident on vehicle deals. Additionally the sharp turn that the value oil can have largy affects the engine business, substantially more so than the impact on other assembling enterprises as in addition to the fact that Fiat uses oil in the creation of its items its items likewise expect it to work. I ran into a couple of challenges toward the beginning for the most part when it went to the picking of an organization to investigate. From the start I pick Ryanair however as Ryanair don't have any given bonds I chose to investigate another organization in any event for my first endeavor of a report of this nature. The primary concern I picked up from doing this report was the capacity to explore an organization, from the start I thought that it was troublesome and tedious simply attempting to recover calculates that I thought were correct.

Cosmetology Essay Example

Cosmetology Essay Cosmetology is a difficult profession that consolidates, open assistance, science and imaginativeness. There are numerous professions in world. Picking one is hard in the event that you don’t recognize what you need to turn out to be, however with this paper I will assist you with checking whether you are keen on cosmetology. Theres numerous ways you can know whether cosmetology is directly for you. On the off chance that you appreciate helping individuals look and like them selfs; at that point progressing in the direction of cosmetology may be directly for you. Cosmetology isn't about hair, make up or nails and it assists individuals with distinguishing them selfs and building people sure. They instruct a customer to think about their own hair at home. In the event that this is of any enthusiasm to you and on the off chance that you appreciate learning new things and helping fabricated confidence in others, at that point you should prepared in a cosmetology permit. Having a cosmetology permit gives you a possibility of own business and working the hours that fit your calendar. It additionally offers you a chance to work around your kids plans and an opportunity to give an extraordinary pay to your family. The following thing sick be conversing with you about is the historical backdrop of cosmetology. Im sure a large number of you don’t know where cosmetology originate from. The field os cosmetology is partitioned into different branches or segments. Cosmetology incorporates the investigation of healthy skin beauty care products, hairdos, haircare and some increasingly, the entirety of that makes up the fields of cosmetology. In todays society any of those fields can be considered and you can turn into a specialist on any of them. Many state that Egyptians have a great deal to do with all the regular fixings and all the things normally utilized at a spa like mud showers, aguacado covers. ow days theres numerous things a lady can do to look and feel wonderful. A cosmetologist needs to stay aware of the most popular trend and hair, naills, makeup and intertact with clients. Lamentably working conditions for a cosmetologist is inside at a hair salon, spa, or nail salon. So in the event that you need an occupation outside, I wouldn’t pick cosmetology as a profession. Typ ically you work territory is spotless and with a decent climate. Since you will be working around various hair colors synthetics and remaining standing for extended periods of time, having great wellbeing and endurance is significant in this field. We will compose a custom exposition test on Cosmetology explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on Cosmetology explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom paper test on Cosmetology explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer Being a cosmetologist, hairdo or whatever else, ordinarily make as long as forty hours per week. Numerous that are independently employed will in general put more hours in. Hair Salons Nail Salons and Barbershops are normally occupied on the ends of the week. In some cases you should work during you lunch and night hours. This activity necessitates that you put alot of time and exertion, yet you can make it work around your timetable. Many go into this profession thinking its a simple activity yet theres alot of things that should be learn and progressed nicely. At a salon a cosmetologist day is occupied by trimming hair, biting the dust hair, triming, treats scalps, applying beautifying agents salves, evacuating facial hair and then some. Its no a simple activity, Being excellent takes torment. my mother said that unequaled. Preparing or aptitudes should be a cosmetologist isn't a lot. You should be in any event sixteen years old. A couple of states request a secondary school deploma or GED, different states request a touch of eight evaluation knowlege. You should go to cosmetology school. Cosmetology schools just last from nine to a year. That is additionally relies upon what you need to study. Nail desinging and healthy skin preparing time is substantially less. After you are finished with the tutoring you then much take a state test to get your permit. You are required to get you permit in the event that you need to proceed with this profession. All states requires various things, for instance the testing part. All states do the testing unique, theres a composed test theres an oral test, others test you on your aptitudes and afterward theres one were you show your abilities and walk the individuals through

Detectors Within The Electromagnetic Spectrum Example

Detectors Within The Electromagnetic Spectrum Example Detectors Within The Electromagnetic Spectrum â€" Essay Example > OUTLINEIntroductionCharacteristic of Infrared RadiationEmission of Infrared LightAdvantages of Infrared DetectorsDisadvantages of Infrared DetectorsApplication of Infrared Radiation in Security DetectorsMicrowave detectorsMicrowave RadiationOperations of A microwave detectorDisadvantages of using a microwave detectorPhoto-electric beam detectorsCharacteristics of visible lightAdvantages of Photo beam detectorsConclusion    INTRODUCTION                       Security systems consist of electronic alarms designed to alert individuals and part of thee authority about oncoming source of danger. Inside the security systems, are sensors linked to a control console through wire connections. There could also be linked through electromagnetic wave signals that are associated together to a response gadget. Most security detectors function as motion detectors placed on windows and doors to signify the presence of an oncoming person or object. Some devices are used for fire detection as well as for intrusion (Purpua, 2002). Each security detector has a different user interface, ranging from just simple noise producers to more intricate and complex devices that integrate both software and hardware with a console for monitoring purposes. These days there are a number of other security devices that utilize different techniques in detecting intruders. While others employ light, others like the ultrasound detectors use sound in order to fend off intruders (Philips, 2002).                                         The most widely used security detectors in the field of risk aversion employ passive infrared and microwave detectors that utilize measurements taken from the intensity of radiation received from items that could be in its field of view (Purpua, 2002). These sensors are used in the manufacture and assembling of motion detectors. Successful detection is achieved when a source such as human beings bypasses another source such as a door or window. Since the two object s will emit different intensities of electromagnetic radiations, the sensors are able to detect this and relay this information to the control boards as intrusion (Reid, 2005). We are first going to discuss about security devices that use infrared radiation as its intrusion technique. Characteristic of Infrared Radiation                       Infrared radiation which is sometimes shortened to IR, is part of the larger broader electromagnetic spectrum that includes, radio waves, visible light, microwaves among others (Barnard, 2001). IR radiation exhibits wavelengths of 0.7-300 micrometers and also displays a frequency range of between 1-430 Terahertz. This wavelength is of a greater wavelength than that of visible light. The infrared radiation is further divided into 3 categories based on the length of the wavelengths: Near Infrared: This form of radiation closely resembles visible light in characteristics, with wavelength of approximately between 0.7-1.3 microns. The second categ ory is Mid Infrared whose wavelength is between 1.3-3 microns. It is important to note that these two categories of infrared radiation are widely used in a number of electronic devices. The third and last category that constitutes Infrared radiation is the thermal infrared, which takes up a big part of the infrared radiation spectrum (Barnard, 2001). It displays wavelength characteristics of 3-30 microns. Another important point to note is that when the first two categories are reflected by objects or items, thermal infrared is rather emitted from objects as a result of actions taking place on the atomic stage (Barnard, 2001).

Should Children Be Vaccinated - 1308 Words

Should Children Be Vaccinated? Social media is polarizing mistaken childhood illnesses believed to be caused by vaccinating children. This is causing parents not to vaccinate their healthy children for fear that they will become infected with some unknown disease. Because of this, vaccine-preventable illnesses are beginning to make a resurgence in the U.S. This was seen in the outbreak of measles originating at Disneyland in California. With parents taking advice from social media and celebrities about protecting their children from deadly diseases that were once thought to be eliminated in the U.S. is now reemerging. However, parents should be required by law to vaccinate their children. A widely accepted theory or belief among medical society is that vaccinating school age children is something that should be mandatory. Small pox vaccinations have been around since the 1100’s. Starting with the state of Massachusetts in 1809 schools started requiring school age students to get vaccinated. It was not until 1981 that all 50 states required measles vaccines for school age students. (Timeline). Why was it created? To reduce and eliminate deadly diseases. Some conspiracy theorists reject this explanation. They are mistrusting of the government and even believe that certain group are plotting against society. They claim that the diseases were purposely spread for population control and vaccines were created for mind control. (Anti-vaccination). They believe thatShow MoreRelatedShould Children Vaccinated Be Vaccinated?946 Words   |  4 PagesDid you know that 25 states don t require homeschooled children to be vaccinated? Or that 19 offer philosophical exempt ion? Just by filling out a few forms parents can prevent their child from receiving life saving immunization. It should be required of all parents, whose children are able, to have their child vaccinated. It protects not only the child, but other non-vaccinated people around him/her. Also it s a perfectly safe procedure. Finally, it has saved many lives and would save many moreRead MoreShould Children Be Vaccinated?1599 Words   |  7 Pagesor a synthetic substitute, treated to act as an antigen without inducing the disease.† Hundred of thousands of lives have been saved in the last twenty years due to vaccines. Although no federal law exists, all fifty states require students to be vaccinated. However, every state allows for medical exceptions, forty-eight states have religious exceptions, and nineteen states allow exceptions for philosophical reasons. California lawmakers have recently introduced a bill that would make immunizationsRead MoreShould Children Be Vaccinated?198 9 Words   |  8 Pagesthe chance of our getting one of these diseases is minimal. A couple of years ago a child in California had just started school, he caught diphtheria and he died. Guess What! He was the only child in his class that had not been vaccinated. If children are not vaccinated against polio, it would leave to more susceptible to infection with the polio virus. Measles is one of the most infectious diseases in the world. From the years 1997-2000, measles were brought here into the United States by internationalRead MoreChildren Should Get Their Children Vaccinated873 Words   |  4 PagesSome parents are against vaccinations because they feel as if the outcomes are unreliable. Parents should get their children vaccinated because it helps lower the infections and diseases related to mortality rates, is a smart financial investment, and is considerate to the lives of those around them. Vaccinations contributes to the overall suppression of a disease. The more children that are vaccinated, the lower the reports of infection and deaths due to a disease are. The Center for Disease ControlRead MoreWhy Children Should Be Vaccinated942 Words   |  4 Pageshave been asking themselves for years. Some parents believe that it is their right to decide if their children will be vaccinated; while some states believe that all children should be vaccinated. There are logical and illogical reasons for this argument. There should be a federal law that requires parents to vaccinate their children because it will lower the number of deaths, benefit those children who have lower immune systems, and it can get rid of some diseases all together in the future. [VaccinationsRead MoreWhy Our Children Should be Vaccinated788 Words   |  4 PagesWhy our children should be vaccinated Vaccines are said to be one of the greatest public health achievements in history. They date back to 1796, when Edward Jenner used cowpox material to create immunity to the smallpox disease. (Historyofvaccines.org 2014) Now over two-hundred years later they’ve helped dramatically reduce the instance of viral diseases in children. For example, old childhood diseases such as Polio, Smallpox, and Diptheria have either been completely eradicated or areRead MoreWhy Parents Should Get Their Children Vaccinated875 Words   |  4 PagesYour Name:____Kelvin Chung______________ Topic: Why Parents should get their children vaccinated General Purpose: To Persuade Specific Purpose: At the end of my presentation, the audience will have their future children vaccinated for heavily debilitating viruses without hesitation. Central Idea: Parents should vaccinate their children because vaccines are completely safe with one exception, they prevent a variety of lethal diseases, and it prevents diseasesRead MoreShould Children Vaccinated Be Mandatory For Numerous States?2313 Words   |  10 PagesIn recent years, having children vaccinated has become mandatory for numerous states. It is well known and common knowledge that almost every child will have a vaccination at some point in their younger years. As a matter of a fact, in a numberless amount of vaccinated cases, a child must be vaccinated before the age of 5 or entering kindergarten for the safety of the child and others. There are a number of vaccinations children may receive under 5 years of age. Examples of these would be HepatitisRead MoreEssay On Vaccinations951 Words   |  4 Pagespeople refuse them? The answer isn’t totally clear, however if children did get those vaccinations, they would be so much safer. The government should requir e all children to be vaccinated because kids do not get to live their normal lives with a disease, there are too many risks without it, and the disease could be contagious to other students. To begin, the first reason why the government should require all students to be vaccinated is because kids don’t get to live their normal lives if they haveRead MoreVaccinations : A Problem For Many Parents Essay1192 Words   |  5 PagesVaccines Stubborn parents put their children and other children at risk of catching diseases. Parents think that if their children’s classmates are not vaccinated it puts their children in danger, however, that was the main reason their children were vaccinated in the first place. Either way parents should have the right to decide whether to get their children vaccinated. Although, the vaccinations are supposed to protect children from certain diseases, it can actually be a danger itself. The possibility

Christianity And The Middle East - 895 Words

Catholicism and Islam The Middle East is home to the creation of so many different cultures and religions. It is the home to the most prominent monotheistic faiths of this lifetime. Those faiths are Christianity, essentially Catholicism, and Islam. They do not only share a similar origin, but share the same ancestors and stories of prophets and people. There is a connection between the profound values of truth, love, and mercy that Catholics and Muslims hold dear. Although there are a great many commonalities between Catholicism and Islam, it is important to note the key foundations that make both religions special. To better describe how Catholicism and Islam are related to one another it is important to show the strength of their connections. Of the many connections between Catholicism and Islam, the relationship that each have with Abraham is the strongest. Abraham is considered the father of both religions because he is the â€Å"founder†. He is the one that God spoke to and revealed his message to. It is from Abraham’s constant efforts to please and obey God even through his sacrifice that Abraham has earned this title. It is through his lineage that the religions of Catholicism and Islam came to be. Catholicism came through Isaac’s line, whereas Islam came through Ishmael’s line. Both Catholicism and Islam show that they put Abraham to the highest degree. In the book of Genesis it says, â€Å" I will surely bless you, and I will surely multiply your offspring as the stars ofShow MoreRelatedChristianity And The Middle East Essay1203 Words   |  5 Pages Christ ianity is beginning to flourish and thrive, Pope Urban II and others were trying to establish Christianity in the Middle East. But initiating this started a war against Islam, with the objective of recollecting the city of Jerusalem. The Franks were famous for defeating Umayyad Caliphate â€Å"the Franks were members of a Germanic people that conquered Gaul in the 6th century and controlled much of western Europe for several centuries afterward.† The entire war was more about land instead of religion;Read MoreThe Conflict Between The Middle East And Christianity1596 Words   |  7 PagesIraq. I think that the occur of ISIS is under expectation. It has been a long history of the religion conflict between the Islamism in the middle east and Christianity in the west. In the past, the impact of religion in the West was weakened by the industrial revolution, the conception of death was also changed because of religious reformation, which the middle east need to have now. The auth or of Heretic, Ayaan Hirsi Ali (2015) also made her point that Islam is not a religion of peace. (Ali, 2015) HerRead MoreThe Middle East: The Birthplace of Three Major World Religions834 Words   |  4 Pagesin the Middle East. Throughout history, the Middle East has been a land of conflict and violence. Although it is difficult to pinpoint the source of all of this strife, one could argue that because the Middle East, especially Jerusalem, is a place of importance for three major world religions, this region is bound to have strained relationships. However, in order to fully understand this region, it is necessary to have an understanding of the three religions that lay claims to the Middle East. ThoseRead MoreModel Essay Comparison Essay Post-Classical Civilizations1304 Words   |  6 Pagescollapse of the classical civilizations, post-classical civilizations arose shortly thereafter. Compare the factors that led to the rise post-classical civilizations from 500 CE to 1200CE bet ween two of the following regions- Europe, East Asia, Africa or the Middle East. Model Essay Comparison Essay Post-Classical Civilizations With the collapse of the Roman, Gupta and Han empires, the world was left in a period of chaos with little structure in most areas. However after these collapses andRead MoreEssay Understanding Islamic Religion and Culture1221 Words   |  5 Pagesin a part of the globe that has turmoil in the world surrounding the Middle East and the Islamic faith; however it is imperative that we understand and respect their traditions. The paper examines exactly what Islam is, the relation between the Islam faith and Christian faith, and uncovering some aspects to their religion. Also, I will be hitting on the topic of the turmoil the Islam face in their surroundings of the Middle East and their Islamic faith. First, it would be wise to understand whatRead MoreThe Rise Of The Middle Ages Essay1259 Words   |  6 Pagesdid the actual ‘middle ages’ begin? Depending on who you talk to, you may receive many different answers varying from the deposition of Romulus Augustulus all the way to the rise of the Carolingian empire. I would argue the characteristics of the middle ages include a real shift in culture and religion, while seeing the dominant influence that Christianity had on culture. Personally, I think that the reign of the emperor Constantine is what really began the shift into the middle ages. Under ConstantineRead MoreIslam and the West in the Middle Ages838 Words   |  3 Pagesworld as one that would now base its conflicts on people’s culture and religion. As among one of his few reasons why civilizations will clash, Huntington explains that these religious conflicts will come about because of the ideals of Islam and Christianity where they are willing to ki ll people who do not convert because each believes that only they have the correct religion. He also mentions that the introduction of technology and shifts in the world economy will contribute to the reasons for civilizationsRead MoreSimilarities between Beliefs and Philosophies from the World1637 Words   |  7 Pagesbelief systems: Belief systems are influenced by the different stories, legends, myths etc. Beliefs differ from place to place, for example majority of the world is dominated by Christians in the Americas and Europe; Muslims dominate most of the Middle East and some parts of Asia; Hindus are distributed in southern part of Asia and Buddhists are scattered through the different are of Asia. Belief system is actually a set of mutually supportive beliefs. The beliefs of any such system can be lookedRead MoreThe Medieval Islamic Attitude Towards Christianity1562 Words   |  7 PagesThe medieval Islamic attitude towards Christianity varied quite considerably; often Chr istians would be considered as either ‘People of the Book’, or as heretics. There was a common belief among Muslims that, while Muslims tolerated Christians and accepted them, Christians had a tendency to pre-condemn Muslims. On the other hand, although Christians did undeniably attempt to convert Muhammad, and many other Muslims, to Christianity, as well as refer to them repeatedly as pagans within their literatureRead More The Next Christendom: The Coming of Global Christianity Essay1217 Words   |  5 Pagesnbsp;nbsp;nbsp;nbsp;nbsp;Christianity is becoming extinct. In order for it to continue on it must modernize its beliefs. The average Christian is white, middle class and is from Europe or America. The religion of Islam is expanding quickly and will soon dominate Christianity. These are all common claims made about Christianity that many people believe, yet Philip Jenkins claims and proves them untrue in his book, The Next Christendom: The Coming of Global Christi anity. According to his book, Christianity is moving

Influential African American Leaders Free Essays

In the years following Reconstruction, many African Americans rose to the challenge of bringing rights and equality to blacks. Booker T. Washington, W. We will write a custom essay sample on Influential African American Leaders or any similar topic only for you Order Now E. B. DuBois, and Ida Wells-Barnett are Just of few examples of the outstanding influential African American leaders that had an impact on the people, time period, and history. Booker T. Washington did what seemed like the impossible for blacks; he founded the Tuskegee Institute in Alabama. It was there that the former slave trained uneducated African American students in a trade that would help them achieve conomic freedom and experience the same equality as whites. To achieve this freedom and equality, he taught that if blacks excelled in fields like teaching, agriculture, and manual labor trades (blue collar fields), then eventually they would be treated as the equals they strived to be. Even though the Institute became an important center for technical education in the South, many blacks found his philosophies and teachings controversial. While those blacks wanted to integrate and become a bigger part of society, Washington saw no problem with segregation. One f his most famous doings is his Atlanta speech given 1895. In support of his campaign for segregation, he said during the speech, â€Å"In all things that are purely social, we (whites and blacks) can be as separate as the fingers, yet one as the hand in all things essential to mutual progress. † As always there as two sides to everything, and Mr. W. E. B. DuBois was the exact opposite of Washington. W. E. B. DuBois was the very first black Ph. D. graduate from Harvard University. DuBois was one of those African Americans that found Washington’s philosophies and teachings controversial, and he disagreed with him n many things. Offended by the ideas that Booker T. expressed in his Atlanta speech, DuBois saw Washington as someone that only wanted to please the white community and population. In response to Washington’s Atlanta speech, DuBois delivered the â€Å"Atlanta Compromise. † Within this speech he argued about how the acceptation of segregation and settling for achievement would not get the African American community anywhere. He thought that blacks should go after occupations in humanities and managerial/professional (white collar) fields. It was his thoughts hat blacks must be politically, legally, and socially active in order to achieve equality. DuBois helped organize a group of black intellectuals known as the Niagara Movement; it was their goal to outline an agenda for African American progress in the US. In 1909, he was also an important part of the founding of the NAACP, the National Association for the Advancement of Colored People; they also devoted themselves to the progress of African Americans. Ida Wells-Barnett, an African American woman, led campaigns against the Ku Klux Klan and for the women’s movement. As the KKK terrorized southern blacks, Ida led a ampaign against the lynchings that made many of the unaware northerners aware of the situations occurring in the southern states. As for the women’s movement, her active role gained even more notoriety when she refused to march at the end of suffrage parades Just because she black. She, along with others, helped DuBois form the NAACP. These Atrican Americans tougnt tor the rights that they telt they were granted by the Bill of Rights and the amendments added afterwards. It was because of the efforts of these three men and women, African Americans and women now have the rights that they do. How to cite Influential African American Leaders, Papers

Japan Net Bank Case Analysis free essay sample

The banking market, especially Internet-only bank sector, in Japan was going through a period of rapid growth after the Japanese government initiated the famous â€Å"Big Bang† deregulation of the financial market. JNB, which began operation in October 2000, aimed at winning one million accounts and one trillion yen deposits and becoming profitable by the financial year 2002. However, in order to achieve that long-term success, it needed to resolved a number of issues and strengthen its competitive position in face of stiff competition from brick-and-mortar banks and new Internet-only banks. Therefore, this report focuses on the following three issues: †¢ An assessment of the present situation in Japan   regarding the Internet-only model of retail banking, †¢ An analysis of JNBs competitive advantages, †¢ Recommendations of what alliance strategies to develop to overcome competition from traditional and other online banks. The data in this report was collected by assessing the information of the case â€Å"Japan Net Bank: Japan’ First Internet-only Bank† by Vincent Mark and Pauline Ng under the supervision of Dr. We will write a custom essay sample on Japan Net Bank Case Analysis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page AH F. Farhoomand and surveying relevant materials from the Internet. I have divided my report into three main sections. Firstly, we would assess the potential for Internet-only model of retail banking in Japan. Secondly, we present and analyze JNB’s competitive advantages meticulously in this particular Japanese market. Finally, we would suggest some viable propositions of what alliance strategies that JNB should develop to surpass and obtain the market leader. Internet banking in Japan. 4 Conservative consumer banking behavior 5 Low level of credit card usage Japan did not use credit cards a great deal. By 2001, credit card purchases accounted for just eight per cent of consumer spending in Japan, compared with 14 percent in Europe and 21 percent in the US (The Economist, 2001). Borrowing was considered shameful in a culture much bound by traditional concept, so paying by credit card in public could be an embarrassment. In many cases, credit card users could only repay in one-go or in fixed installments. Therefore, such the culture preferred repaying card debt s in one-go quickly if they could afford it. Card companies’ lack of good marketing accentuated the problem: although there were schemes involving credit cards points, customers could only use their points to redeem low-quality gifts. In contrast, the consumer loan market in Japan was doing much better since it was worth 7 trillion yen by early 2001, double the market size of credit card. 6 The availability of ATMs for cash withdrawals Japanese consumers generally preferred to pay by cash or money transfers. A survey conducted in summer 2000 asked respondents which Internet bank they would deposit their money in. The 3,825 respondents were mostly in their 20s and 30s. Figure 1 illustrates the results: the attractiveness of the online banks in Japan in 2000. [pic] The pie chart illustrates that the success of a Japanese bank relied heavily on its ATM services. Determinant included whether the ATMs were conveniently located, whether they charged a small or no handling fee, whether they were open for long hours, etc. That leads to the wide distributions of ATMs services in Japan. We could recognize that the brand equity also played an important role to attract the customers. 7 Internet usage in Japan On-line banking with limited services-as an extension of traditional banking-was already available in Japan in 1997 with Sumitomo Bank. The total number of Internet accounts at major commercial banks reached 1. 4 million at that time. According to a Nielsen/NetRatings report, the Internet population in Japan was some 38 million in January 2001, and 41% of them were active users. However, a study by Yankee Group in early 2001 found out that some 20% of all Japanese households had a fixed line Internet connection at the end of 2000, less than the 50% Internet penetration in the US. Low penetration of fixed line Internet connections had driven a lot of people to use i-mode, which could cost only about several hundred yens a month. I-mode was a cellular Internet service offered by NTT DoCoMo, allowing emails and other Internet functions to be carried out via handsets. It had more than 22 million subscribers by April 2001. In fact, i-mode becomes so popular that Miyai, director of JNB, once said â€Å"Internet banking is really â€Å"cellular banking† in Japan†. 8 The competitive situation Competition from traditional banks JNB nevertheless had to face stiff competition with well-known bricks-and-mortar banks in a crowed banking market even though it was considered as the Japan’s first Internet bank without physical branches. Banking habits and conservative consumer culture in Japan facilitate traditional banks to gain competitive advantage in the market. Furthermore, traditional banks were making their services more convenient by installing m ore and more ATMs and providing a variety of value-added financial services. The most primary factors which make JNB’s competitors pay attention to JNB seemed to be lower overheads, competitive rates, lower fees and strong alliance backing. 10 Competition from domestic Internet banks Sony Bank JNB also had to compete with new entrants that provided similar services, One of those competitors was Sony Bank, an Internet-only bank with 37. 5 billion capital investment expected to start operation in mid-June 2001. Sony Bank’s strategy was similar to that of JNB in terms of higher interest rates, lower fees, a small workforce and no physical branches. In particular, the new bank’s management stressed customized, one-to-one services. Sony bank took advantage of its strategic stakeholders to deliver high-quality services to consumer. For example, customers of Sony Banks could use SMBC’s ATMs at â€Å"am/pm† convenience store chain as contact point, or J. P. Morgan Chase, one of its important stakeholders, would provide personal financial advice through the Web or Sony Bank obviously benefited from the Sony Empire by utilizing Sony Bank’s settlement service to purchase Sony products online. IY Bank Another Internet-only bank to enter the fray was IY bank, whose â€Å"internet† was predominantly a sprawling ATM network although Internet-based transactions would also be possible. It was expected to install round-the-clock ATMs in 3659s Ito-Yokado supermarkets and Seven-Eleven convenient stores within two years of operation. It had already joined up with a combined network of nine city banks, including one of the Japan’s largest commercial banks Sanwa, and charged commission whenever a customer of another bank in the network withdrew money from an IY Bank ATM. IY Bank intended to be settlement-focused and would develop loan and card business and Internet-based services later. IY Bank planned to install 24-hour ATMs at 3650 stores under the group by spring 2002 and at 7150 stores within five years of operation. Its target seemed to be practical since it could take advantage of the Ito-Yokado group’s existing customer base, which is 10 million customers per day, and its low-cost operation. 1 Competition from international Internet banks Another Internet-only bank, called eBank, was expected to start operation in June 2001. It would specialize in the settlement of payments for small-value online purchases worth up to 100,000 yens and would charge a lower commission than ordinary bank. eBANK was operate by Japan Electronics Settlement Planning Inc and invested by Japan Telecom, Yamato Transport and Ericsson Holding International. Its capital was about US$37 million. Japan Net Bank’s competitive advantages JBN, one of the core Internet businesses of parent company SMBC, aimed to build up its independent, own brand name and aspired to become the de facto standard of the Japanese-style â€Å"Internet Specialized Bank† for 21st Century’s Internet community. Therefore, the bank adopted the customer-centric principle seriously in order to survive and develop. JNB differentiated its financial products and services from those of its competitors by its distinguished characteristics: 3 24/7 availability JNB customers enjoyed seamless financial functions and 24/7 accessibility to their accounts through the Internet. They could carry out transactions or check their accounts through multiple access channels, including physical channels (ATMs or the Head Office) and mobile internet service (i-mode). The interfaces were designed to be very user-friendly. Moreover, JNB began to diversify into services other than basic bank transactions such as ordinary and term deposits. For example, it allowed on-line payment for bills and services of Tokyo Electric Power, Nomura Securities and Nifty Corp. ’s on-line shopping mall. 4 Competitive interest rate JNB offered attractive interest rates and fees compared with conventional Japanese banks [see Exhibit 3]. Its deposit interest rates were more than twice that of the average rates offered by major Japanese banks, and its charges for fund transfer were less than half those of conventional banks. Customized services Every customer had his/her own specific information page on the Web. Customers would receive e-mail notifications of transaction details such as receipt of fund transfers, expiration of term deposits, errors in automatic account debits, etc. 6 Confidentiality of usage The confidentiality of JNB customers’ private information was strictly secured; private information could not be used without customers’ agreement. Information transferred through the network was encrypted by 128-bit SSL (Secure Sockets Layer). The database and servers storing JNB customers’ information were protected by a firewall and an access-surveillance system. All Internet banking transactions could not be processed without a password. Moreover, the last login date and time was always indicated at every login to a JNB account, so customers would know whether their accounts had been accessed illegally. 7 Flexible organization and IT system JNB maintained a flexible, flat, and team-like structure which had a very low cost base. Its management style was different from the top-down approach of traditional Japanese corporations. Its structure allowed for the contingency between different departments in the organization to coordinate and solve problems. JNB also adopted a flexible, open information technology system which is divided systematically and functionally. The building of JNB’s IT application was quite innovative since it is mostly outsourced under the supervision of IT Department staff. Strategic alliances to develop In the face of fierce competition, JNB had the advantage of strong, broad, strategically important and multi-industry alliances. An appropriate strategic alliance would increase its revenues and market share. The advantages of strategic alliance include: †¢ Allowing each partner to concentrate on activities that best match their capabilities. †¢ Learning from partners and developing competences that may be more widely exploited elsewhere †¢ Adequacy a suitability of the resources and competencies of an organization for it to survive. 9 Shareholder alliance JNB has been forming alliances and partnerships with many blue-chip corporations possessing huge customer bases. Since JNB could acquire customers through its shareholder alliances, it had relatively low reliance on mass-media marketing and therefore had low marketing budget. In next five years, it should continue diversifying its alliances from different sectors of economy to broaden its business and utilize its alliance’s customer base. For instance, JNB might negotiate with ORIX Corporation RIX, one of the Japans largest leasing and diversified financial services conglomerate, to obtain equity strategic alliance. This alliance will enable the company to capture a larger share of the Japanese consumer finance market, and make consumer finance operations more efficient and responsive to the financing needs of creditworthy consumers. 10 Global strategic alliances SMBC, as a major stakeholder of JNB, signed a memorandum of mutual understanding (MOMU) on a strategic partnership with The Bank of East Asia (BEA) to co-develop their business potentials in Mainland China, Hong Kong, Japan and other countries. In China, SMBC established a wholly owned subsidiary, Sumitomo Mitsui Banking Corporation (China) Limited, in April 2009. SMBC has formed alliances with Kookmin Bank in Korea, First Commercial Bank in Taiwan, The Bank of East Asia in Hong Kong, PT Bank Central Asia Tbk (BCA) in Indonesia and other Asian banks. With Barclays, a major British financial institution, the company is exploring venues of cooperation in wealth management, operations in South Africa and other business fields. JNB should take of advantage of this opportunity to establish its relationship with these foreign banks to market and expand its business to international. These strategic alliances would enable the company to expand its market hare and generate incremental revenues. 11 Non-shareholding alliances Ageing population in Japan likely to increase demand for insurance and pension products The Japanese population is ageing fast. The 65 and over age group as a percentage of total population is expected to increase from an estimated 21% in 2005 to 35. 7% in 2050. Moreover pension assets under management in the Asia Pacific region ar e expected to grow from current E1, 100 billion to E2, 900 billion in 2015. Ageing population in Japan would boost demand for the pension products of the company. The bank should cooperate and offer pension plans services, through Japan Pension Navigator Company to gain a certain advantage. Discerning that changing demographic profile of Japan profoundly therefore would increase demand for JNBs business. Conclusion Japan Net Bank (JNB), Japan’s first Internet bank without physical branches, began operation in October 2000. It attracted mainly young customers looking for convenient, round-the-clock bank services with much more competitive interest rates and transaction charges than traditional Japanese banks. Its access channels included the mobile Internet service i-mode and fixed-line Internet. JNB relied on flexible, open computer systems and a young workforce of only 100 people to minimize operational costs. Its stakeholders, including parent company Sumitomo Mitsui Banking Corporation (SMBC) and NTT DoCoMo (provider of i-mode), were all large companies from different industry sectors. This stakeholder base gave JNB market exposure and access to their established customer bases. By April 2001 JNB had 130,000 customers. It aimed at winning one million accounts and ? 1 trillion deposits and becoming profitable by the financial year 2002. But it needed to resolve a number of issues before it were able to achieve long-term success in the face of strong competition from bricks-and-mortar banks and new Internet-only banks. One of crucial issues was about how to meet with wide fluctuations in usage without over-investing; the other was alliance management, how to co-operate with alliance partners to achieve competitive advantage.

Character Development- Outside essays

Character Development- Outside essays Choose and Discuss a Characters Development in In the book The Outsiders by S.E. Hilton, many changes occur in Ponyboy Curtis personality, appearance and his overall view of life. He starts as a smart Greaser but through the events with the Socs and Johnnys death, he learns that there are two sides to the war between the Greasers and the Socs and that life is precious. This paper will discuss and prove its point by showing you how Ponyboy starts off as, at the start of the book, what changes occur to him in chronological order and how it affects him and what he is like after all the events that happen to him. Ponyboy Curtis is a smart, intellectual 14 year old boy that has green eyes and long, light brown hair. He is a Greaser. Greaser is a term used to describe the middle class citizens who live on the East side of town and they usually have grease (hair-gel) in their hair (hence the name Greaser) and they usually have daggy clothes like leather jackets and jeans. Although Ponyboy dresses like a Greaser and acts like one when in the presence of his fellow gang members, he rarely thinks like one. Ponyboy is described as having a high IQ and getting good grades but not using his head. He is very absent minded and he often reflects on the situation to himself after something has happened. His intelligence is described in the first few pages when he talks about how he likes to get into movies and live them with the actor. He reflects on how nobody in our gang can understand books and films the way I do on the second page. This is true, as his fellow members of the gang are not as broad minded as he is and all they really think of is what the stereotypical Greaser would think of. For example, one member of the gang, Keith Two-Bit Mathews, thinks that life is a joke and all he is described as liking is shop-lifting, fights, blondes and school (just for fun). Ponyboy is a lot deeper than that...

Employers Favor State Schools for Hires †But Ivy League is Still the Best Pick

Employers Favor State Schools for Hires – But Ivy League is Still the Best Pick As the owner of a company that coaches students on their college applications to Ivy League and other elite liberal arts schools, I was disconcerted to read a Wall Street Journal study finding that the largest public and private companies, nonprofits and government agencies favor graduates who did not attend Ivy League Colleges.   In fact, Cornell University is the only Ivy League school that ranked in the top 25.   The top picks?   Pennsylvania State University, Texas AM University, and the University of Illinois at Urbana-Champaign. Despite this apparent problem for my business, I thought it fair to share the article with my readers.   And thankfully, upon further thought, I realized that it is not a problem at all.   Here’s why: If you think you will go on to obtain a graduate degree, this report does not apply.   It did not provide any information about how many Ivy League graduates go on to graduate school, or what the rates of employment are for Ivy League graduates with advanced degrees.   And we know from PayScale.com that â€Å"the typical Ivy League bachelor’s graduate earns about 27 percent more early in their career, and about 47 percent more by the time he or she is about 40, than the typical bachelor’s graduate from all   U.S. schools.† How can we reconcile these apparently contradictory pieces of information? What I make of all this is that if you don’t plan on going to graduate school, it might behoove you to attend a state school or other school on the Wall Street Journal’s list.   If law, medical, business or other graduate school is in your future, Ivy League is still the way to go.   And although I don’t have a report to back it up, I believe many Ivy-bound high school graduates have no intention of calling four years a complete education. What do you think?   Will this information affect where you or your son or daughter applies to college? For the full Wall Street Journal article go to Employers Favor State Schools for Hires. Also see Penn State Tops Recruiter Rankings. And if Ivy League or top liberal arts schools are still in your or your child’s future, call The Essay Expert at 608-467-0067 or visit our College Essay Services page.

Social science research Assignment Example | Topics and Well Written Essays - 2000 words - 1

Social science research - Assignment Example However, it has been seen that quantitative techniques are more preferred because of its scientific and logical approach. In order to explore the merits and demerits of quantitative and qualitative research forms, it becomes essential to under the primary difference in both the forms. Questionnaires are considered as a technique of quantitative research while observations and interviews are considered to be qualitative research techniques. However, there are alternatives to the above view. Sometimes interviews may be structured in such a way that it has ample scope of quantitative research. Interviews can help in collecting numeric data or answers may be coded in numerical. Likewise, surveys may have scope for responses that are open-ended in nature and thus, allow for comprehensive analysis. Qualitative and Quantitative techniques are significantly related with subjectivity and objectivity respectively. Therefore, several points have to be considered by a researcher before selecting a research technique. The researcher should understand that the selection of the appropriate technique depends on the objectives of the research (Punch, 2013). Qualitative research involves detailed and complete descriptions of any event. The data collected with the help of qualitative techniques help in the process of product design as it provides valuable insights related to needs of the user and behavioural patterns. Quantitative studies generally help to identify the characteristics or qualities of the object of research. The outcomes from the qualitative techniques cannot be encoded numerically (Berg & Lune, 2004). There are various advantages of qualitative research which makes it valuable for research practices. The strength of this technique proves helpful during various critical research analyses. The research methodology is not predefined. Qualitative research techniques

Dynamics of Hospitality Industry Management assignment

Dynamics of Hospitality Industry Management - Assignment Example The study further concludes recommending few noteworthy measures which shall be beneficial for both the organisations in obtaining adequate competencies when aiming at sustainability through effective Corporate Social Responsibility (CSR) practices. Table of Contents 1 Executive Summary 2 1.0Introduction 4 2.0 Brief Background 5 2.1 Westin Hotel Macau 5 2.2 Mission Statement 5 3.0Brief Background 6 3.1 Hilton Hotel 6 3.2 Mission Statement 6 4.0 Comparative Analysis on Environmental Aspects and Sustainable Business Practices 7 4.1 Water Wage Management 7 4.2 Food Wastage Management 8 4.3 Recycling Process as well as Initiatives 9 5.0 Identification of Gaps 10 5.1 Gap in Cultural Aspects 10 5.2 Gap in Terms of Resources 11 5.3 Gap in Mission as Well as Objective 11 5.4 Gap in Utilisation of Country Resources 12 7.0 Recommendations 13 Reference List 14 Bibliography 17 1.0 Introduction In the modern day context, the hospitality industry has emerged as a major economic dimension in the gl obal platform being directly related with the tourism and the transportation sectors. Subsequently, with the rising complexities in the various dimensions of hospitality industry, the management approach adopted in this context has also become quite challenging in the current era (Clayton W. Barrows and Tom Powers 2008 ) Among the identified challenges in this context, Corporate Social Responsibility (CSR) can be illustrated as one of the significant issues witnessed by hotel when practicing hospitality management, apart from being influences by rising environmental concerns and competitive forces. CSR can be defined as the notion focused on accomplishing mercantile success through ethical values as well as respecting the people, communities as well as natural surroundings which constitute of company stakeholders. In this particular juncture there has been no universally accepted definition, but overall it can be defined that doing business ethically imposes positive impacts on the society as well as on the environment which is the core social responsibility of any organisation (William Smith Clark 2006). Emphasising on these aspects, the discussion henceforth intends to perform a comparative analysis of two globally renowned hospitality companies, i.e. the Westin Hotel Macau and Hilton Hotels, in the context of the strategies applied by these organisations towards sustainable development of the society and to create a better world taking special concern on communities as well as environment through the effective implementation of CSR strategies. 2.0 Brief Background 2.1 Westin Hotel Macau The Westin Hotel Macau is a part of Starwood Hotels Group (SHG) which comprises a chain of 185 Westin Hotels as well as resorts globally. Westin Hotel Macau is one of the leading luxury resorts situated in Greater China since 1985. The 208 rooms comprising hotel is positioned within a picturesque site to give the visitors long lasting and memorable experiences. To differenti ate its services, the hotel has been providing a lavish variety of amenities as well as services, such as individually controlled air conditioned accommodation, satellite and cable programs, restaurants and bars, frivolous and sports facilities that includes swimming pools, ocean driving assortment, aqua aerobics, child care room and book library among others. In addition,

Chinese Negotiation Vs American Negotiation

Chinese Negotiation Vs American Negotiation This is an intercultural assignment for the subject Intercultural Sales Negotiation.. I am a student of the minor Latin American Business Studies. In the minor Latin American Business Studies that I am following, we got the assignment to study the Guanxi case and to do some research into the Chinese and US culture related to negotiation meetings. The last part of this assignment will be that I have to prepare a role of an American party in a negotiation standing between Electrowide and Motosuzhou. In this assignment you can expect the following subjects: there will be a short description of different cultures in the world. Next subject will be an intercultural research about the Chinese and US cultures and in which these various cultures will influence negotiation attitudes and positions. After this there will be a preparation about the Guanxi case. This preparation includes: BATNA, ideals, fallbacks, needs/priorities, assumptions and strategies/tactics. In this preparation there will be also quoted explicitly when and in what way the research has affected the preparation. Intercultural research between American and Chinese people doing negotiation The world has a lot of people. The people who are living in different parts of the world are not all the same. They belong to a certain culture. A culture includes the customs and traditions of a certain nation from a certain country. This includes the set of values, nutrition, diet, clothing, religion, music and dance. We can divide the world in several main cultures like: North American, Western Europe, Eastern Europe, Latin American, Middle East/ African and Asian culture. During negotiation around the world you have to know the differences between all these different cultures. Doing some research before going into a negotiation is very important. This is important because there could appear some misunderstandings because of the differences in culture. If you work in a global commercial environment it is useful to have some knowledge of the impact of these cultural differences. This is one of the keys to international business success during negotiation. Regarding to these differences of culture, we now going to zoom in into the Chinese culture and the American culture doing negotiation with each other. We are going to look in what way the various cultures of American and Chinese people will influence negotiation attitudes and positions.   Chinese way of negotiation: If we look at the way Chinese business people negotiate, they are very different in comparison with other countries. They are very different in terms on how they approach a business negotiation. For Chinese business people a negotiation is more like an exchange of information. A getting to know you process. They consider it as a formal discussion. They are willing to negotiate for a long time to get to know each other and to create a long time partnership. The reason willing to negotiate for a long time is to get as much as information out of you. If they manage to get enough information out of you, they can adjust their arguments on what you are saying. They can also use all those information that you are telling them against you eventually. China is a society of high-context. This means that in this kind of society you do not have to say or write to much to make clear what you are meaning. For the Chinese business people it is not only verbal communication, but also a lot of non-verbal communication to express yourself. You only have to make a little part of your message explicit, because most of the information is already implicit in the environment or in the assumed prior knowledge of the person. The Chinese business people do not like the direct word no. They will find it very rude and disrespectful. It is better to avoid to say the word no to the Chinese party. It is difficult to avoid to say no, but there are several ways to say no indirectly. Little example: In the Western culture they would say: No, we cannot do that and in the Chinese culture would say: That may be difficult for us to do so. So it is really important that you think very clearly how you going to disagree to a Chinese party. An option is to shift you responsibility for your decisions to something else in the negotiation. If you do say no to a Chinese person you will lose face (mianzi in Chinese). This means that you are losing your good reputation and social standing compared to you Chinese business associate. This could be not good for the business negotiation. Chinese people are very good in saying no indirectly. The style of the Chinese business people of saying no is to apply objections to disagree with a proposal. Chinese are very collectively set. Functioning/thinking as a group and having a good relationship between parties has a big importance in the Chinese society. Relationship is called in Chinese: Guanxi. During negotiation this is very important for the Chinese business people to create with the other party. If you manage to have a good Guanxi with the other it is much easier to negotiate and to reach your goals. During the negotiation with your Chinese associate you have find out if you are talking with the right person who makes the final decisions. The fact is that it is very common in the Chinese way of negotiating that the person who makes the final decisions is not the person who is sitting in front of you but someone else. These people are intermediaries. This is because there is a hierargy in the Chinese society. This means they have limited authority in making final decisions. If you know it is not the right person in front of you who makes the final decisions, you can expect that they first have to discuss it with their companions before making the final deal. Chinese people appreciate if their foreign party speaks their language. As a foreign party this will improve your status compared to the Chinese party. Chinese people love to negotiate for a long time to make you impatient and exhausted to get the best deal possible out of it. They want you to feel like you need them more then they need you. At last Chinese culture is based on a survival of the fittest culture. They will say to the other party that they want the best deal for both, but the truth is that they doesnt mean that seriously. They want to have a win-lose deal. Win-win is mostly not an option. American way of negotiation: If we look at the way American business people negotiate, they are totally the opposite in doing negotiation then the Chinese business people. Americans want to negotiate to reach their goal, to make the best deal out of it and at the end to make a contract right away. Americans are very individual minded. For them counts the fewer the people the less confusion the quicker of making a deal. Time is money for them so they want to get the negotiation done in a hurry. This behavior is a big disadvantage for the Chinese people who want to make to negotiation as long as possible. The use the situation of the Americans willing to do everything as quick as possible. Americans are very straight to the point. They just want to reach their goals and do not look at the whole of the topic. If they would do that more they maybe could get more out of the deal. Americans do not like to negotiate. They are very informal when doing negotiations. Because Americans are very individualistic they have full authority during negotiations. They want to lead the negotiation and they want to make the final decisions. They are not an intermediary. They make a lot of proposals and they like to talk a lot. Unlike China, America is a low context society. They are a society which uses a lot of verbal communication. This makes it very hard for Americans to understand the Chinese, because it isnt always the words, it is the meaning behind the words which are important. Conclusion It is good for an American to understand how the culture of the Chinese business people works. Because if you dont, it would be difficult to get the best deal out of the negotiation. As an American it is important that you can adapt the behaviors of the Chinese. Be flexible. If you can try to speak their language this will improve your position compared to the Chinese. Do not be impatient, because the Chinese will use this against you. Find the right person to talk to, because if you are talking to an intermediary you know that he/she isnt the person who makes the final decisions. Try to minimize your nos to be not disrespectful and rude. Try to put your no in a indirect way. Be careful with giving too much information. Chinese are active listeners. They want to make you talk. Try to get an exchange of information. When you negotiate with your Chinese partner the most important thing you need to do is to established the relationship/partnership (Guanxi). The Guanxi in Jeopardy case Now that I have done the research about the Chinese and the American culture, I am now going to look how these differences in culture apply to the  ´Guanxi in Jeopardy ´ case. Description of the situation Our company Electrowide We are a multibillion dollar ($5B) manufacturer company called Electro wide located in the United States. We are a company which manufactures a broad range of automotive electronics products. Looking at the todays ever increasing competitive automotive electronics and becoming more proactive in this kind of market, we are undergoing a massive structural reformation. The purpose of this reformation is that the companys various product line departments have more autonomy. So that eventually each department will be responsible for its own profit and loss statements. One of our key strategic objectives is to become a big rival in the market of Asia. We are looking for an Asian associate to help manufacture and sell engine management systems that run emission-control, fuel nozzle, and ignition systems for Chinese-made vehicles. In the first place the output would be sold to the Chinese market with future plans to export later. We believe, as the company Electrowide, that the partnership with the Chinese associate will play a important role not only in the promotion of Electrowide business growth, but also in providing product development expertise in the region. The Chinese company Motosuzhou Motosuzhou is an enterprise of the Beijing municipal government. This small company has a top-heavy hierarchy with a representative director overseeing daily operations and various supervisors in charge of functional units. This means decision making is top-down. The company runs its own operations free from government intervention. Its labor force is consists mainly of rural employees. The companys strength is in achieving economies of scale in assembly-line manufacturing of engine control subassemblies. The competition in the local market is beginning to grow. Motosuzhous reason to do business with a foreign company is to develop a long-lasting relationship that will work in harmony with local government policies. Also acquire technology through transfer by importing equipment and designs and adapt them to the automotive industry in China. They do not want to fail in the eyes of the government or the community. The role We as the company Electrowide are interested in Motosuzhou because of the Chinese companys technical proficiency in its design of automotive subsystems. Obtaining this kind of knowledge would give Motosuzhou a competitive advantage in the industry. Motosuzhou would also rely on Electrowide because of financing most of the cost incurred in establishing the joint venture. The objective of Electrowide is to establish a joint venture with Motosuzhou of China to conduct manufacturing operations in China. Batna (best alternative to negotiating on agreement) Before we start to negotiate with Motosuzhou we need a steady BATNA (Best alternative to a negotiation agreement). Our BATNA is very important, because we cannot make a wise decision about whether to accept the negotiated agreement unless we know what our alternative is. Having a good BATNA increases our negotiating power to make a good deal out of it. So if the negotiation is not working we always can fall back on our BATNA. But the main point of our BATNA is to make us in a steady and strong position related to the other party Motosuzhou. Regarding to our study of the situation we have determined that we have a moderate BATNA compared to the Motosuzhou. We assume that we have a moderate BATNA considering the fact that China is becoming worlds number one economy. It is predicted that by the year of 2025, Chinas economy will be by far the largest economy in the world. Throughout all the years, China always has been a independent country. They would prefer not to get any help from abroad. They want to solve their own problems and deal with their own situations. This could also be the reason for Motosuzhou to choose to do business by themselves and try to improve their own situation without any help of Electrowide. If this would occur our BATNA would be as follow: we will have a look on certain other strong economic developed countries to do business with. If we look at Japan we also could do business with them or else we could do business with Brasil which is becoming quickly a strong economic country. Ideals Regarding to the ideals, we would like Motosuzhou to sign a contract for the joint venture. One of the ideals is that Motosuzhou will help us to manufacture and sell engine management systems that run emission-control, fuel nozzle, and ignition systems for Chinese-made vehicles. The output of this production would be sold to the Chinese market. After that we would like to export this output as soon as possible abroad. Another ideal would be that both parties Electrowide and Motosuzhou finance each 50% of the investments incurred in establishing the joint venture. This would be a good offer, because the joint venture will eventually have advantages for both parties. Fallbacks Regarding to the fallbacks, our fallback will be that Motosuzhou is not willing to sign the contract to start the joint venture. That they do not agree with the terms and conditions that we have set. This will mean that we have to find other business people to negotiate about starting a joint venture. Another fallback will be that Electrowide would finance most of the cost incurred in establishing the joint venture instead of the 50%-50% division what we had set as an ideal. Needs/Priorities Deciding our priorities will allow us to be more efficient, since not all issues tend to be equally important. In the first place we need to keep in mind that we are doing business with a different culture. We know that they could look at certain issues differently than us. This is why a good culture research is extremely important. This is our main priority to look at before doing business. Because we are in their country and we have to respect their rules and values. To have a good position compared to the Chinese associate our priority is to study their priorities they want to see from a foreign company. This means that we have to be respectful, honest and trustful towards our Chinese associates. We have to be patient and not willing to do a quick deal, because it is also good for us to search out all the issues that will emerge starting a joint venture. We have to look for a long-lasting relationship to have a good position and to have a good chance of reaching our contract with them. It is also pre if I could speak their language or anyone else of my team. So that they can see that I am really trying to get to know their culture and that I am interested in them. The second priority is to reach an agreement for having a joint venture in the future with Motosuzhou. By understanding their culture and willing to have a long-lasting partnership it would be easier for us to come to a agreement. We have to take the time to get to know each other. The final priority would be that both parties Electrowide and Motosuzhou finance each 50% of the investments incurred in establishing the joint venture. This would be a good offer, because the joint venture will eventually have advantages for both parties. Assumptions During my research I have investigate how the Chinese culture will influence the negotiation attitudes and positions. I assume that during this negotiation about the joint venture, they will set up a cool attitude and that will be very introvert and formal. They want to see what we have to say and what we have to offer. They want to see if we are a company who will offer them opportunities for expanding their business on the Chinese market and not only trying to make the best deal for ourselves. We assume that they first want to get to know us better. They will look if we are potential for them to create a long term relationship with. They would also trying to get as much as possible out of the deal. They will put us on a test, by coming with exaggerated offers to look how far they are able to go with us. We assume that the negotiation could last a long time. This will be one of their tactics knowing that Americans do not like to have a long negotiation. They will use a lot of silent moments because they know Americans will be uncomfortable with that. They know that if they negotiate as long as possible the American will give up and easily agree with a certain proposal. They will try to use our impatient against ourselves. We also assume that they are going to look for a good relationship (Guanxi). We assume that building a good relationship will take a lot of time. This means that we have to accept that for making a good deal. Strategies and tactics Given our moderate BATNA, a bargaining approach will be used during the negotiation. This will be the only approach we can use, because of our moderate position to negotiate against the other party and because of the differences in culture. During the research we have found out that they are growing in their bargaining stance. In order to negotiate we will trade options with each other. We will use the tactic of giving and taking. It will be a back and forth during the negotiation. With the right approach of bargaining we could make some arranges which will give eventually a win-win situation for both parties. We want to have a contract to build the joint venture and if we have an agreement they want us to finance most of the cost incurred in establishing the joint venture. This means that we have to look for the possibilities and this will explain our bargaining approach. We have to keep in mind that we do not have yet a good relationship with the Chinese. We should not demand to mu ch of the other party. In the future we can look for other opportunities, but first it is important to build a good relationship. It is good for an American to understand how the culture of the Chinese business people works. Because if you dont, it would be difficult to get the best deal out of the negotiation. As an American it is important that you can adapt the behaviors of the Chinese. Be flexible. If you can try to speak their language this will improve your position compared to the Chinese. Do not be impatient, because the Chinese will use this against you. Find the right person to talk to, because if you are talking to an intermediary you know that he/she isnt the person who makes the final decisions. Try to minimize your nos to be not disrespectful and rude. Try to put your no in a indirect way. Be careful with giving too much information. Chinese are active listeners. They want to make you talk. Try to get an exchange of information (bargaining). When you negotiate with you r Chinese partner the most important thing you need to do is to established the relationship/partnership (Guanxi). Furthermore, a lot of body language as eye contact will be used. Finally, active listening will be very important also used to confirm understanding.

Effects of Social Networking on Society Essay

Networking as we know it today has gone a notch higher thanks to the internet and technology as a whole. The number and popularity of social networks has grown immensely since 2005. Sites like Facebook, MySpace, Twitter, Tagged and a numerous number of dating sites have found their way into our PCs and phones. All one needs to gain access to these social networks is a pc or phone and an internet connection. There are easy steps in creating a user account and once the account is up you go ahead on making new friends. Social networks allow people to overcome barriers caused by proximity and terrain helping them reconnects with far away relations and also meet people. With social networks, one does not need to travel to faraway places just to unite with their loved ones for that would take time and resources. With social networks you can use instant messaging to pass on the love to your cousin in Australia. It’s also been proven that social networks provide for creativity allowing the users to create their own awn profile and decorate it as they see fit. Blogs come in handy when it comes to creativity, We can all agree that social networks help lower social anxiety. If you suffer from such anxiety we find it easier to talk behind the silver screen where we are more comfortable. A teenager who is socially awkward will find it very helpful to ask a girl out to the school dance over Twitter. If she turns him down, it doesn’t hurt as much as it would have had it been face to face. Social networks help bring people with common interests together. Chat rooms have been developed which are more specific to their topics of discussion. With such online communities online, it’s like one has access to this titanic database of information since the discussions expose us to new ideas hereby enhancing our skills. Social networks have also helped many people with life issues like what car to buy, where to go for a holiday, where to shop and so on. One gets guidance from someone who has already had experience in the area of dilemma and once the problem is shared, the person will make a more informed decision. Social media also helps people in the low income bracket familiarize themselves with modern technology. Skills like uploading and editing pictures and videos and using the html language to edit Social networks are a powerful tool for social change. For instance in 2009 Twitter was used by Iranians to circumvent government control. Social networks are also used by politician to popularize themselves amongst the youth which are the majority in any country. Social networks are known to kill face to face interactions.  The family setup for example is affected when the teenagers are twitting during the evenings which is the only time their parents are available and thus the parent child relationship suffers immensely. A study carried out in the states showed that teens spend more than 9 hours in online chats every week. Privacy is another issue on social networks. Only recently was it found out that pictures posted over the net were not entirely erased even after the user removed them from their profiles. Unscrupulous parties who are up to no good could retrieve them and woe to you if they showed one in a compromising situation. Employers have been known to fire employees because of embarrassing photos and comments. When one creates a profile over a social network, there is no way of verifying that what they portray on their profile is true. This makes unsuspecting users vulnerable to fraudsters the likes of the 419ers. Social networks are also linked to health hazards. A new syndrome identified as the watch glass syndrome was diagnosed in social network users were people became very impatient and edgy. It also poses a problem with kids who are growing up. Once they become accustomed to instant essaging and everything at the click of a button, it becomes difficult to adapt to the real world were protocol is mandatory. A child accustomed to social networking at a tender age would probably be lacking in social skills. Another problem that comes with social networking is cyber bullying. This is especially with teens who would feel short of something and as a result their self esteem drops and performance in school related activities drops. There is also a drop in performance in companies whose employees have access to social networks. Forms get delayed brochures are not designed in time and the presentations are not up to standard all because the person concerned decided to tweet for a few minutes to â€Å"wind up† just an hour after he arrived late for work. Social networks also bring about unnecessary network traffic. Most people log into social networks between six and eight in the evening a study carried out by Steadman in Kenya showed. During this time download speeds nose dive to zero when using your phone to surf the net thanks to social networks. Social networks do not also scan their mail for viruses and scam making your phone or PC prone to a virus attack. We consider mail through social networks safe but only recently was that proven to be a false sense of security. Social networks can also be used as a tool of rebellion. Inciters have an easy time getting to the crowd since groups have been created for almost every institution and thus what one needs to do is place a comment on the group’s wall and all hell breaks loose.  Exams are boycotted, classes are forfeited, strikes are arranged and there is actually no way of stumping this out or getting the culprits since no one has succeeded in controlling the internet. From the discussion above, it is clear beyond doubt that the cons outweigh the pros and thus I conclude that social networks are doing more harm to society than good. We do not however disregard the good it has done but it need to be put to better use if it is at all to benefit society

Essay on Violence in Schools - 1309 Words

Violence among youth, especially in schools, is one of American societys most pressing concerns. It is also a source of controversy. While no recent nationwide study of the real extent of youth violence is available, small-scale and regional studies indicate that youth violence is increasing, at least slightly. In addition, youth, like adults, are now more frequently using guns instead of fists to settle disputes. Youth violence had once been thought to be an urban public school problem; a consequence of poverty and family dysfunction, but stable suburban and rural communities are now also experiencing it, as are private schools. While early intervention is absolutely necessary to help prevent violence, I believe all school†¦show more content†¦Involving parents by providing them with information about their childrens gang activity and its possible consequences, and counseling to help them deal with the problem, can enlist them as allies in the effort to rid the school of ga ngs. Schools can also provide access to outside agencies that offer counseling. As a last resort, gang members can be transferred to alternative schools for more intensive support. Concern about increasing youth violence is being channeled into a variety of programs around the country. Although components vary depending on the particular needs of the community, the most effective programs use various methods. Direct measures to prevent violence in schools Legislation now exists at all levels of government to reduce the availability of guns, particularly the sale of weapons to minors. Weapons offenses are treated more harshly in general, and the practice of trying violent juvenile offenders as adults is growing. Some states now hold parents legally responsible for certain behavior of their children, such as truancy and delinquency. To deal with violence in schools, President Bill Clinton signed the 1994 Gun-Free Schools Act, mandating a one-year expulsion for students who bring weapons to school and bolstering the zero tolerance for weapons policies of some states and school districts already in existence. The Federal government, and most states, also make funds available for prevention activitiesShow MoreRelatedSchool Violence And Schools Violence2781 Words   |  12 PagesSchool violence has become a topic that many people are engaged in a debate about. It is difficult to make a definitive definition of school violence, because there are so very many components to it. For one thing, we can be sure that school violence and bullying is something that only takes place amongst peers; this type of violence typically does not involve adults, and happens as a result of interactions from school or within the peer group. This part of the definition seems obvious. However,Read MoreSchool Violence2444 Words   |à ‚  10 PagesSchool Violence Victoria Griffin Fayetteville State University The Importance to Be Aware Of School Violence in Education Today By Victoria Griffin December 1, 2014 Abstract: The importance of knowing about school violence, the cause of school violence, forms of school violence and they ways teacher can prevent school violence was observed. A recent act of school violence is announced and the content of why it is important for teachers to be aware of school violence. School violenceRead MoreSchool Violence2187 Words   |  9 PagesSchool Violence Violence in schools has spread widely throughout the nation. School violence is a big problem we are facing now. This has caused many problems among students, families’ faculty of schools and residents of the community. School violence includes gang activity, locker thefts, bullying and intimidation, gun use, assault, and drugs. In my paper I will discuss the reasons why violence in schools exists, describeRead MoreSchool Violence Essay1154 Words   |  5 PagesPreventing school violence has been an issue in our society for so long it has almost become commonplace. According to an article on www.infoplease.com, since the year 2000, there have been a recorded 64 shooting related incidents that involved publicly occupied areas. That is an occurrence of almost five per year. Of those 64, 94% of these incidents were school related shootings. The violence goes from elementary schools all the way up to college universities. The statistics are not pretty by anyRead MoreEssay o n Violence in Schools1490 Words   |  6 PagesViolence in schools is a problem that Americans have had to face at an ever increasing rate. Instead of fistfights, the issues are fatal, like school shootings. Violence is nationally defined as a physical force used to injure, damage or destroy (Guralnik, D., 1997, P.1490). In the past decade, students are using more than physical force. They are using deadly weapons to injure or kill their peers and authority figures, and to destroy school property. Safety is considered to be the freedom fromRead MoreThe Violence Of Public Schools871 Words   |  4 PagesIn recent times, several mass shootings have occurred in several places. Sadly, public schools in America have been venues for these mass shootings. How do we reduce these shootings? How do we ensure that the lives of our kids are safe? These are the questions parents all over America are asking. A lot of suggestions have been made to the government concerning the issue of mas s shootings. Some say government have to ban the purchase of guns, others say there should be background checks, while othersRead MorePreventing School Violence608 Words   |  2 Pagesor experienced some form of school violence is growing at an alarming rate. School violence has been increasing rapidly but there are ways to prevent it. School violence is defined as anything that jeopardizes a schools educational mission. This includes bullying, fights, assault, harassment, and even shootings. Over the years, there has been an increase in cases. But, there are ways to slow the increase of school violence. School violence is posing harm to schools across the United States. PreventionRead MoreShould School Violence Be Banned?901 Words   |  4 PagesPrabhdip Kang Mr. Shurrie Did you guys hear? About that shooting at the school? Most of you guys, thought about something different. This just goes to show you how many different shootings have happened recently. I’m not sure where to begin, but according to The Star Newspaper, there were more than 1,100 incidents of school violence in just 4 years, that’s a lot. If you were to google â€Å"school shooting† right now, you would find numerous incidents that happened just this week that happened in CanadaRead More Violence in Our Schools Essay1257 Words   |  6 Pages Violence in our Schools Children today are growing up in an increasingly violent atmosphere, both in society in general and in their schools. While there is no easy answer as to how to end this violence once and for all, we can look at some of the causes and take steps to contain that which we can. The main contributing factor in all recent school shootings has been the shooters’ feelings that they were bullied by and alienated from the rest of the children and were made to feel that they wereRead MoreThe Fight Against School Violence Essay1901 Words   |  8 Pagesthat at least ten percent of the schools in the entire United States of America are faced with problems associated with violence and in these schools there is at least one serious case of crime other than thefts and physical attacks†(School Violence...). The article, School Violence-a Survey, on the School Violence, Weapons, Crime, and Bullying website clearly states a rising problem within the US. It seems as if the news has a co nstant flow of new school violence cases, and there is no indication

Human Immunodeficiency Virus ( Hiv ) - 945 Words

Human immunodeficiency virus (HIV) has been a major public health issue in the African-American community of the United States since the 1980s (Shisana et al., 2014). The documentary â€Å"ENDGAME: AIDS in Black America† shows the widespread nature of HIV in the black community. According to Renata Simone, producer of the documentary, â€Å"African Americans make up about 12 percent of the nation’s population, but account for almost half of all people infected with HIV, the virus that causes AIDS.† The documentary features personal stories and interviews with those who are infected with HIV. Simone attributed the spread of HIV/AIDS in the black community to unprotected sexual activity, drugs, tainted blood transfusions, prostitution, and the stigma surrounding the disease. According to the documentary, sexual activity is one of the primary ways to transmit HIV/AIDS. Vaginal, oral, or anal sexual intercourse with a person who has HIV/AIDS increases a person’s risk of contracting the disease greatly. The virus can enter a person’s body through bodily fluids. The documentary focused on Nel Davis, an individual who contracted HIV. Her husband did not tell her that he had HIV prior to marrying her, possibly out of fear that she would not want to be with him if she knew that he had HIV. This stigma is very dangerous and has resulted in the transmission of the disease to many individuals. Injectable drugs are responsible for approximately 10% of HIV cases annuallyShow MoreRelatedHuman Immunodeficiency Virus ( Hiv )1359 Words   |  6 PagesThis paper explores the human immunodeficiency virus (HIV) as well as the simian immunodeficiency virus (SIV). The virus has infected two million adults and children by the year 2005 already. 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HIV attacks the immune system by destroying CD4+ T cells, which leaves the person infected with HIV vulnerable to other infections, diseases, and other complications.1 Once this virus is acquired, the human can never fully rid itself of thisRead MoreHuman Immunodeficiency Virus ( Hiv )884 Words   |  4 Pages(2010), Human Immunodeficiency Virus (HIV) is a virus that affects the human immune system, leading to a chronic, progressive sickness that leaves people susceptible to opportunistic infections. When the body no longer can fight or resist infections, the condition is at this point referred to as AIDS, which means Acquired Immunodeficiency Syndrome. Averagely, it has been found to take more than ten years to develop from initial infection of HIV to AIDS. Though simple in description, HIV and AIDSRead MoreThe Human Immunodeficiency Virus ( Hiv )862 Words   |  4 Pagesshown that the Human Immunodeficiency Virus (HIV) is the cause of AIDS. More than 33.4 million people worldwide are infected with the HIV virus today. HIV stands for Human Immunodeficiency virus. HIV is a virus similar to that of the flu or common cold. The differentiating factor is that with the flu and cold, your body will eventually clear the virus out of your system, but with the HIV virus, the immune system cannot clear it. Getting HIV means you have it for life. The virus immediately beginsRead MoreThe Human Immunodeficiency Virus ( Hiv )948 Words   |  4 PagesThe Uses of Blood by the HIV Virus Blood-borne diseases have contributed greatly to poor health outcomes among individuals and communities. Though blood fulfills various functions to ensure our survival, it can also act as the mechanism through which we become diseased. Understanding the characteristics of such infectious diseases is essential to preventing further cases. In this paper I will discuss how the human immunodeficiency virus (HIV) uses blood to cause illness within the infected individualRead MoreHuman Immunodeficiency Virus ( Hiv )1261 Words   |  6 PagesHuman Immunodeficiency Virus Human immunodeficiency virus (HIV) has become more commonly seen in the world. It is important to show compassion rather than judging that patient based on a virus. The hygienist plays an important role in making the patient feel comfortable and in a judgment free environment. The patient should not feel as if the disease or virus defines the overall character of the patient. Standards precautions are still the same when treating all patients with or without a compromisingRead MoreHiv And Human Immunodeficiency Virus1205 Words   |  5 PagesWhat is HIV? HIV is a fatal disease which stands for â€Å"Human Immunodeficiency Virus† it is a failure to the immune system to protect the body from any infections. This virus causes a condition called acquired immunodeficiency syndrome. When HIV is left untreated it leads to another disease called â€Å"AIDS†. It can occur in any age, race, sex or sexual orientation. The highest risk of contracting HIV is having unprotected sex and sharing needles with others. Another factor are people that have STI’s andRead MoreThe Human Immunodeficiency Virus ( Hiv )980 Words   |  4 Pages The Human Immunodeficiency Virus (HIV) is an immune system disorder that can be contracted through sexual activity as well as other types of contact. (Healthy Living, pg. 79) If left untreated this virus can turn into AIDS (Acquired Immunodeficiency Syndrome). AIDS is the final stage of the Human Immunodeficiency Virus (HIV). (aids.gov) AIDS is an incurable progressive disease that causes gradual destruction of CD4 T cells by the human immunodeficiency virus (HIV). (Diseases, pg. 431) A healthyRead MoreHiv, Or Human Immunodeficiency Virus998 Words   |  4 PagesQuestion 1 HIV, or Human Immunodeficiency Virus, attacks the human immune system and greatly weakens the body’s ability to fight foreign invaders and infection. HIV first demanded notice in the early 1980s in the United States in homosexual men displaying illnesses like Pneumocystis carinii pneumonia and Kaposi’s sarcoma. The disease was soon observed in IV drug users, hemophiliacs, and blood transfusion recipients, but became publicized as a â€Å"gay disease,† nicknamed by the media as GRID, or Gay-RelatedRead MoreHuman Immunodeficiency Virus ( Hiv )1349 Words   |  6 Pages Human Immunodeficiency Virus (HIV) is a retro virus that causes AIDs by infecting the T Helper cells of the body’s immune system. The AIDS virus is the final stages of the HIV virus. HIV is a lentivirus genus, which is a subgroup of the retrovirus that causes the AIDS virus. Even with proper treatment, an infected person has a life expectancy of less than ten years.As the virus weakens t he human immune systems, this effectleaves the patient compromised and at risk to opportunistic infections