Sunday, December 29, 2019
An Argument Against Slavery Being Good - 1612 Words
Oscar Himpflewitz Best Answer - Chosen by Voters ~The full quote, taken out of context, is: I hold that in the present state of civilization, where two races of different origin, and distinguished by color, and other physical differences, as well as intellectual, are brought together, the relation now existing in the slaveholding States between the two, is, instead of an evil, a good a positive good. ... I hold then, that there never has yet existed a wealthy and civilized society in which one portion of the community did not, in point of fact, live on the labor of the other. ... Calhoun said it on February 6, 1837, is voicing his opposition to sending the issue of abolition to a Senate committee for study, noting that Theâ⬠¦show more contentâ⬠¦Make no mistake: the southern states did not secede in order to protect the right own human chattel and the north did not fight to free the slaves. Abolition came about as a matter of political expedience and as a tool of war. For more on that issue, read the debates surrounding the passage of the Confiscation Acts. Very few outside the vocal cadre of outspoken abolitionists were concerned with the plight of those of African descent. On the social side, no one in the north, forget the south, wanted an influx of uneducated, homeless, angry former slaves with no income, no means of support and no marketable job skills into their neighborhoods. Lincoln himself wanted to settle freed slaves in colonies to be established for the purpose in uninhabited areas of Texas and Missouri, on Caribbean islands or in Indian Territory. He did NOT want them settling in Washington DC or in Illinois especially, or in any other white region generally. In the north, with its ever increasing influx of immigrants, freed slaves were not a welcome prospect. The immigrants, especially the Irish, were despised and equated with the Africans as a sub-species not capable of participating in government and not entitled to rights of citizenship or equal protection of law and due process. Calhoun did not voice such sentiments as loudly as did the northern intelligentsia, but he did not hide his opinion either. For more one that aspect ofShow MoreRelatedAn Argument Against Slavery Being Good1597 Words à |à 7 Pageswhere two races of different origin, and distinguished by color, and other physical differences, as well as intellectual, are brought together, the relation now existing in the slaveholding States between the two, is, instead of an evil, a good a positive good. ... I hold then, that there never has yet existed a wealthy and civilized society in which one portion of the community did not, in point of fact, live on the labor of the o ther. ... Calhoun said it on February 6, 1837, is voicing hisRead MoreThe Slavery Of Slavery And Slavery944 Words à |à 4 Pages1830s, religion was an argument used by the North to condemn slavery. The South also used religion as their argument, but instead, they used the Bible to argue that slavery was an acceptable part of life. People have questioned whether it was right or wrong of the South to use the bible to support their beliefs in slavery. Some would say that pro-slavery southerners had every right to use the Bible to support their beliefs. When Northerners began to use the Bible against slavery, southerners used thisRead MoreArguments Against Slavery in the British Caribbean Under the Following Headings: I) Economic Ii) Religious Iii) Humanitarian775 Words à |à 4 Pagesarticle presenting arguments AGAINST slavery in the British Caribbean under the following headings: i) Economic ii) Religious iii) Humanitarian On every street corner, in every household, on every tongue and on every wall, contradictory views on the system of slavery are being disputed. The public is being bombarded by the economic, religious and humanitarian views of slavery. The pressing issue that will be highlighted in todayââ¬â¢s article is the arguments against slavery. The economicRead MoreInfluence Of A Slave s Point Of View1381 Words à |à 6 PagesThe Influence of a Slaveââ¬â¢s Point of View As taught, slavery existed for a good portion of American history from the 1620ââ¬â¢s until its abolishment in 1865. Its existence created a big controversy over the morality of white Americans and challenged Americans ideal of a free country in a multitude of ways. As brutal as present-day Americans think of slavery, is the same way the abolitionists thought of it then, especially after reading Narrative of the life of Frederick Douglass an American Slave byRead MoreFrederick Douglass And Frederick Douglass Analysis1137 Words à |à 5 PagesPetitions have some similarities and differences in the argument about slavery and its destiny with America. They both talk about slavery but in different ways. Douglass argues against slavery addressing that the signers of the Declaration of Independance put the interests of a country above their own and urges his listeners to continue the work of these great men who brought freedom to this land. While Calhoun argues for slavery responding to anti slavery petitions sent to the Senate by abolitionist groupsRead MoreThe Theory : A Theory On The Development Of Societies915 Words à |à 4 Pagesa mudsill there must be a support on the bottom of a building to sustain the top. This argument was very strong in the southern community because it was the most reasonable statement that included all the society as a whole. There are various motives ranging from social, political, and economic beliefs that all build a society, where in the minds of white Americans in southern states, the institution of slavery was just another reality that seemed essential, traditional, and even a systematic justificationRead MoreUncle Tom s Cabin By Harriet Beecher Stowe1522 Words à |à 7 Pagespresident is referring to is Uncle Tomââ¬â¢s Cabin, a 1850s book about the moral wrongs of slavery. It has been said to be the most influential anti-slavery book that has ever been written. Harriet Beecher Stowe is an effective author. She uses numer ous literary devices such as facile characters, character foils, and symbolism to highlight her abolitionist views and constructs a persuasive argument against slavery. One of the things Harriet Beecher Stowe is known for in Uncle Tomââ¬â¢s Cabin is her manyRead MoreThe Slavery Of The United States1449 Words à |à 6 Pages ââ¬Å"Slavery is founded on the selfishness of manââ¬â¢s nature; opposition to it on his love for justice.â⬠This saying by Abraham Lincoln tells us that people are really different when it comes to their beliefs and attitudes. Some are so focused on wealth, which is why they have slaves to work for free, and treated them as properties instead of real human beings. On the other hand, some people were against slavery because it violated the basic human rights like the right to life, liberty, and security.Read MoreHow Supporters of Slavery Used Legal, Religious, and Economic Arguments to Defend the Institution1538 Words à |à 7 Pagesindustrialized and self sufficient, the South stayed behind and depended heavily on other countries for manufactured goods in exchange for cotton. The North felt superior to the South, a nd the South was not pleased about that. Although most Northerners didn t care much for slavery, there were handfuls that were abolitionists and attacked the South on their backwards economy that depended on slavery . In the South, not everyone was a slaveholder as one may think; there were actually more non slaveholdersRead MoreThe Slavery Of The Bible1371 Words à |à 6 Pagesvaried person to person. As slavery was a hotly contested subject in the nation, people yearned to prove that their beliefs were in line with scripture, and that they were divinely sanctioned to behave how they did. Both pro and anti slavery sentiment were largely fueled by interpretation of scripture, as the Bible does provide substance for both sides of the argument. Pro slavery advocates pointed to the fact that Biblical characters had slaves, and there are pro slavery verses in the Bible. Abolitionists
Saturday, December 21, 2019
Animal Testing Should Be Banned Essay - 537 Words
Did you know that the shampoo you use was probably forced down the throat of a rabbit, cat, or maybe even a dog? Each year, millions of animals are used to test how safe and effective products, such as cosmetics, are. They are genetically modified, force-fed harmful chemicals, blinded, scalded, and maimed. How could one not object to this awful cruelty? Animal testing should be banned because it is cruel, unnecessary, inaccurate, and expensive. The very first reason why animal testing should be banned is elementary: it is cruel and unnecessary. Approximately 17-22 million animals are used for testing each year in the United States. Substances are injected into the animal, chemicals are force-fed, irritants are rubbed into the eyes andâ⬠¦show more contentâ⬠¦This should be reason enough to end the madness of animal tests. Specific evidence points that animal testing should not be allowed; however the debate is also on moral grounds. Several people, about 60% of the population , agree that animal testing should be banned because it is just wrong. To be born into the world on a concrete floor and be made to lead a life with no freedom is worse than having no life. They have no chance to stop the pain or torment, simply because they are ââ¬Å"just animals.â⬠Animal activists and everyday people believe that humans are voices for the animals. Therefore, animal testing is considered ethically wrong and people should act as the advocate for the animals. Although large companies and those for animal testing might think that animal testing is essential for products to be declared safe for human use, that is entirely untrue. Animals are not humans, so testing is not accurate. They are also genetically modified and subjected to abnormal stress. According to the FDA, only 5-25% of animal tests and human tests agree, so there is little relevance to humans. Furthermore, only 9% of products tested on animals make it to market. This questions how safe the product s really are. What is effective in animals isnââ¬â¢t effective for humans. For example, drugs such as Vioxx, Phenactin, and E-Ferol were not effective in 92% of humans. That isShow MoreRelatedShould Animal Testing Be Banned?844 Words à |à 3 PagesShould animal testing be banned? Nowadays, a lot of animals has been tested on a range of experiments over the world. You could be supporting animal teasing cruelty without knowing it. Have you ever check if thereââ¬â¢s animal testing on the cosmetics before you buy it? Today, a lot of cosmetics has been testing on helpless animals and there are about 1.4 million animals die each year from animal testing ( CatalanoJ, 1994). Most of the experiments that are completed in the laboratories are very cruelRead MoreAnimal Testing Should Be Banned880 Words à |à 4 Pagesdepending on animals testing. Therefore, if people talk about laboratories, they should remember animal experiments. Those animals have the right to live, according to people who dislike the idea of doing testing on animals; the other opinion, supports the idea of animal testing as the important part of the source of what has reached medicine of the results and solutions for diseases prevalent in every time and place. Each year huge numbers of animals a re sacrificed for the science all these animals, whetherRead MoreAnimal Testing Should Be Banned776 Words à |à 4 PagesAnimal Testing Should be Banned à ¨Over 100 million animals are burned, crippled, poisioned and abused in US labs every yearà ¨ (à ¨11 Facts About Animal Testingà ¨). Imagine if that was someones animal getting tortured in labs just to test things such as beauty products and perfume. Animal testing was first suggested when, à ¨Charles Darwin evolutionary theory in the mid 1850s also served to suggest that animals could serve as effective models to facilitate biological understanding in humansà ¨ (Murnaghan)Read MoreAnimal Testing Should Not Be Banned940 Words à |à 4 Pages1). Over 100 million animals are burned, crippled, poisoned, and abused in US labs every year. 2). 92% of experimental drugs that are safe and effective in animals fail in human clinical trials. (DoSomething ââ¬Å"11 Facts About Animal Testingâ⬠). There are currently no laws combating the testing of cosmetics on animals, but the practice is harmful and must be ended. As evidenced by the statistics above, millions of animals are tortured and murdered in the United States every year for virtually no reasonRead MoreShould Animal Testing Be Banned?1665 Words à |à 7 PagesTesting Cosmetics on Animals Companies around the world use animals to test cosmetics. Animals, such as rabbits, guinea pigs, hamsters, rats, and mice, are used to test the effects of chemicals on the eyes and skin. While animal testing is not mandatory, many companies use it. About Cosmetics Animal Testing by the Humane Society International talks about the different options companies have that do not require the cruel use and eventual death of animals. The article also talks about the overallRead MoreAnimal Testing Should Not Be Banned1572 Words à |à 7 PagesAnimal Testing Every year, over two hundred million innocent animals are injured or killed in scientific experiments across the world. Of those animals, between seventeen and twenty million are used in the United States alone. It is said that an animal dies in a laboratory every three seconds (Animal Testing 101). Those in favor of animal experimentation say they are taking animalsââ¬â¢ lives to save humans. It is not necessary to subject animals to torturous conditions or painful experiments in theRead MoreAnimal Testing Should Not Be Banned1581 Words à |à 7 PagesAnimal testing is being used by different organizations all over the world to prevent specific diseases, especially cancer. Americans see animal testing having a harmful effect but it is one of the main reasons why society has most cures for some illnesses. This topic is important because people need to know what goes on during animal testing and why it is very beneficial. Animal testing needs to be used to find all cures. Some ani mals such as chimps/ monkeys have 90% of the same DNA humans haveRead MoreAnimal Testing Should Not Be Banned1721 Words à |à 7 Pages â⬠Today, more animals are being used in experiments than ever before: around 100 million in the United States aloneâ⬠(3). Animal testing is now an international issue, and it is becoming a major story. Currently, animals are often used in medical testing, make-up testing, and other consumer product testing. Animals used in such product testing are often abused and suffer from serious side-effects. Animal testing can be painful for the animals, testing results are usually not even useable forRead MoreAnimal Testing Should Be Banned1364 Words à |à 6 Pagesbenefit. Using animals for these experimentations usually does not come to mind. Animals are often abused, suffer, and even die during laboratory testing for the benefits of people to make sure medications, household products, newest procedures, and cosmetics are safe and effective for human use. Humans have benefited from animal testing for years while these animals suffer consequences with no positive outcomes for themselves. Even if a product or procedure is deemed successful, these animals are frequentlyRead MoreAnimal Testing Should Be Banned Essay1632 Words à |à 7 Pages Animal Testing Should Be Banned Throughout the decades, animals have been used in medical research to test the safety of cosmetics including makeup, hair products, soaps, perfume, and countless of other products. Animals have also been used to test antibiotics and other medicines to eliminate any potential risks that they could cause to humans. The number of animals worldwide that are used in laboratory experiments yearly exceeds 115 million animals. Unfortunately, only a small percentage of
Friday, December 13, 2019
Introduction Fundamental Analysis Free Essays
string(164) " of interest payable out of profits\? Why conduct fundamental analysis\? Fundamental analysis helps you determine if a company is a good or poor investment choice\." Fundamental analysis involves examining the economic, financial and other qualitative and quantitative factors related to a security in order to determine its intrinsic value. It attempts to study everything that can affect the securityââ¬â¢s value, including macroeconomic factors (like the overall economy and industry conditions) and individually specific factors (like the financial condition and management of companies). Fundamental analysis, which is also known as quantitative analysis, involves delving into a companyââ¬â¢s financial statements (such as profit and loss account and balance sheet) in order to study various financial indicators (such as revenues, earnings, liabilities, expenses, and assets). We will write a custom essay sample on Introduction Fundamental Analysis or any similar topic only for you Order Now Such analysis is usually carried out by analysts, brokers and savvy investors. Many analysts and investors focus on a single number ââ¬â net income (or earnings) ââ¬â to evaluate performance. When investors attempt to forecast the market value of firm, they frequently rely on earnings. Many institutional investors, analysts and regulators believe earnings are not as relevant as they once were. Due to nonrecurring events, disparities in measuring risk and management ability to disguise fundamental earnings problems, other measures beyond net income can assist in predicting future firm earnings. Two approaches of fundamental analysis: * The top-down investor starts his or her analysis with global economics, including both international and national economic indicators, such as GDP growth rates, inflation, interest rates, exchange rates, productivity, and energy prices. He or she narrows his or her search down to regional/industry analysis of total sales, price levels, the effects of competing products, foreign competition, and entry or exit from the industry. Only then does he or she narrow his or her search to the best business in that area. * The bottom-up investor starts with specific businesses, regardless of their industry/region. How does fundamental analysis works ? The analysis of a businessââ¬â¢ health starts with financial statement analysis that includes ratios. It looks at dividends paid, operating cash flow, new equity issues and capital financing. The earnings estimates and growth rate projections published widely by Thomson Reuters and others can be considered either ââ¬Ëfundamentalââ¬â¢ (they are facts) or ââ¬Ëtechnicalââ¬â¢ (they are investor sentiment) based on your perception of their validity. The determined growth rates (of income and cash) and risk levels (to determine the discount rate) are used in various valuation models. The foremost is the discounted cash flow model, which calculates the present value of the future * Dividends received by the investor, along with the eventual sale price. Gordon model) * earnings of the company, or * Cash flows of the company. The amount of debt is also a major consideration in determining a companyââ¬â¢s health. It can be quickly assessed using the debt-to-equity ratio and the current ratio (current assets/current liabilities). The simple model commonly used is the Price/Earnings ratio. Implicit in this model of a perpetual annuity (Time value of money) is that the ââ¬Ëflipââ¬â¢ of the P/E is the discount rate appropriate to the risk of the business. The multiple accepted is adjusted for expected growth (that is not built into the model). Growth estimates are incorporated into the PEG ratio, but the math does not hold up to analysis. Its validity depends on the length of time you think the growth will continue. IGAR models can be used to impute expected changes in growth from current P/E and historical growth rates for the stocks relative to a comparison index. Computer modelling of stock prices has now replaced much of the subjective interpretation of fundamental data (along with technical data) in the industry. Since about year 2000, with the power of computers to crunch vast quantities of data, a new career has been invented. At some funds (called Quant Funds) the managerââ¬â¢s decisions have been replaced by proprietary mathematical models. Benefits of fundamental analysis: * Identifying the intrinsic value of a security. * Identifying long term investment opportunities since it involves real time data. Drawbacks of fundamental analysis: * Too many economic indicators and extensive macroeconomic data can confuse novice investors. * The same set of information on, macroeconomic indicators can have varied effects on the same currencies at different times. It is beneficial only for long term investments. Fundamental Analysis Tools These are the most popular tools of fundamental analysis. They focus on earnings, growth, and value in the market. For convenience, I have broken them into separate articles. Each article discusses related ratios. There are links in each article to the other articles and back to this article. The articles are: * Earnings per Share ââ¬â EPS * Price to Earnings Ratio ââ¬â P/E * Projected Earnings Growth ââ¬â PEG * Price to Sales ââ¬â P/S * Price to Book ââ¬â P/B * Dividend Payout Ratio * Dividend Yield Book Value * Return on Equity Ratio Analysis: Financial ratios are tools for interpreting financial statements to provide a basis for valuing securities and appraising financial and management performance. A good financial analyst will build in financial ratio calculations extensively in a financial modelling exercise to enable robust analysis. Financial ratios allow a financial analyst to: * Standardize information from financial statements across multiple financial years to allow comparison of a firmââ¬â¢s performance over time in a financial model. Standardize information from financial statements from different companies to allow an apples to apples comparison between firms of differing size in a financial model. * Measure key relationships by relating inputs (costs) with outputs (benefits) and facilities comparison of these relationships over time and across firms in a financial mode. In general, there are 4 kinds of financial ratios that a financial analyst will use most frequently, these are: 1. Performance ratio 2. Working capital ratio 3. Liquidity ratio 4. Solvency ratio These 4 financial ratios allow a good financial analyst to quickly and efficiently address the following questions or concerns: 1. Performance ratio: * What return is the company making on its capital investments? * What are its profit margins? 2. Working capital ratios: * How quickly are debts paid? * How many times is inventory turned? 3. Liquidity ratio: * Can company continue to pay its liabilities and debts? 4. Solvency ratios: * What is the level of debt in relation to other assets and debt to equity? * Is the level of interest payable out of profits? Why conduct fundamental analysis? Fundamental analysis helps you determine if a company is a good or poor investment choice. Imagine youââ¬â¢re a venture capitalist or a bank, who must decide if that company is worthy of a loan or equity investment. How can you evaluate whether this particular company deserves your investable capital? Fundamental analysts consider the following in making their decision to invest (or not): * Is the company making a profit consistently? (While this is naturally the most important question for investors, itââ¬â¢s important to consider the answer in a bigger context. A single profitable quarter for a new company might be a fluke. In the same regard, a drop in profitability for an established blue-chip company might just be a temporary setback. ) * Is that profit growing or declining over time? * Is the company holding its own relative to the competition? Is it a leader in its sector? Is that sector growing or declining in importance to the overall economy? * Can the company pay its bills adequately? If you were to dismantle the companyââ¬â¢s operations today, what would be the intrinsic value of its assets versus the value of its debts? What information do we need to perform fundamental analysis? We can think of fundamental analysis as ââ¬Å"investing by the numbers,â⬠since much of the work involves evaluating financial statements issued by the company. Here are a few key statements you should learn to read and understand. All publicly traded companies in the United States are required to file statements of financial condition on a regular basis. These include the 10-Q, a quarterly statement, and the 10-K, an annual statement. Each statement follows a prescribed form to include certain basic information. Publicly traded companies are also subject to audits by government agencies that oversee their given industry. Those audits may be either scheduled or random events. The results of a regulatory audit may also be publishedââ¬âinteresting reading for a would-be investor. The 10-Q and 10-K are good places to start your fundamental research, but youââ¬â¢ll likely want to dig deeper into the specifics. For that youââ¬â¢ll need to understand three interrelated types of statements: the balance sheet, the income statement and the cash flow statement. Reading a balance sheet: Assets As the name suggests, a ââ¬Å"balance sheetâ⬠presents a picture of how the companyââ¬â¢s assets ââ¬â the value a company takes in ââ¬â are ââ¬Å"balanced outâ⬠against its liabilities ââ¬â what the company must pay out. When Assets equals Liabilities plus Equity, thatââ¬â¢s when the statement is said to be in balance. You can look up a balance sheet for any publicly traded U. S. stock on the TradeKing website under Quotes + Research Quotes + News + Research. Just enter the companyââ¬â¢s ticker symbol and youââ¬â¢ll be on your way. In most cases, balance sheets are presented in left and right side format. Youââ¬â¢ll find Assets on the left, and on the right side of the page are the Liabilities and Equity. (Sometimes these items are listed from top to bottom instead of left to right. ) Assets include resources the company has that are worth something. Many of these are self-explanatory, like Cash Investments. Others are less familiar, like Current Assets, which refers to the value of assets that are readily converted into cash, such as Inventory or Receivables. Longer-term assets vary depending on business type, but may include such things as property or equipment values. Since long-term assets gradually decrease in value over time, Accumulated Depreciation is subtracted from this. Note that depreciated assets may show up as having little or no value on the balance sheet but may have a much greater market value if sold. Reading a balance sheet: Liabilities Liabilities are obligations the company has made to outside parties who have provided resources. In essence, these outside parties may have lent money or other supplies to the company and therefore are owed repayment. Itââ¬â¢s important to note these outside parties do not have ownership in the company; they are creditors. Items under Liabilities include Accounts Payable, the amount the company may owe suppliers, and Income Taxes Payable, which is self-explanatory. Note that Current Liabilities, which are short-term, are listed separately just as Current Assets are. This section may also contain long-term debt obligations: for example, if the company has taken out bank loans to finance equipment or real estate, or if the company has issued corporate bonds to investors. A figure called the Quick Ratio helps investors determine if a companyââ¬â¢s assets and liabilities are in a healthy balance. The quick ratio measures a companyââ¬â¢s ability to meet its short-term obligations with its most liquid assets. The higher the quick ratio, the better the financial position of the company. Itââ¬â¢s calculated as follows: Note that the Quick Ratio is more conservative than some other liquidity measures, like the Current Ratio, because it excludes inventory from current assets. If you believe the company might have difficulty turning their inventory into cash, then the Quick Ratio might give a more accurate picture of the companyââ¬â¢s short-term financial strength. Reading a cash flow statement: The cash flow statement helps investors answer questions like: Is the company generating enough cash needed to fund growth? Is growth outpacing cash generation, requiring additional financing? Is the company generating enough cash to cover its short-term needs? In times of easy credit, companies may be able to patch over cash flow interruptions with interim financing; during tighter credit markets, though, such financing may not be as readily available. In those situations, steady cash-flow generated by the companyââ¬â¢s operations becomes especially important. There are three big categories of cash flow to pay attention to here. Word of warning: itââ¬â¢s not always crystal-clear from just glancing at a cash flow statement which line items represent cash flowing IN versus cash flowing OUT. Cash generated by and used by the companyââ¬â¢s operations is summarized in the Net Cash Flow ââ¬â Operating Activities line. That line includes cash flowing in as well as cash-out. The companyââ¬â¢s long-term investing of cash is detailed in the Net Cash Flow ââ¬â Investing line. That consists of cash flowing out. The third and last part, the ââ¬Å"Net Cash Flow ââ¬â Financingâ⬠line, shows the cash a company raised through from financing activities. Thatââ¬â¢s cash that came in. The very bottom line shows the net change in the companyââ¬â¢s cash position. If you add the line to the cash on the balance sheet from the previous year, youââ¬â¢ll get the current cash position on the current yearââ¬â¢s balance sheet. How to cite Introduction Fundamental Analysis, Papers
Thursday, December 5, 2019
Essay on the International Business
Question: Write an essay on the international business. Answer: 1.0 Introduction 1.1 Background of the report and objective The international business includes all the activities that need to produce the products to the customers of the foreign market. It involves all the aspect, which includes the trade, import, export, license, foreign asset as well as foreign investment. It also includes the policies in the corporate finance, and the global fianc system along with the foreign exchange policies. The present assignment will focus towards the development process of a proper marketing plan of the selected organization Aesop. The objective of the study is to evaluate all the factors, which are required towards the development process of a proper expansion (Atkinson, 2014). It is one of the most significant points that there are certain organizational goals as well as organizational objectives which majority of the company irrespective of the nature of the business develops towards the development process of proper and strong business operations. The objective of the firm in the study is to expand the business operations in different cities of India. India is one of the most popular growing economies across the world and different organization based on the nature as well as the objectives of the business wants to expand the business operations in the top cities of India (Bienkowski et al., 2014). After completing different kinds of research and investigation procedures, the compa ny has decided to evaluate a part of the operational activities in India. 1.2 Report Scope The selected organization is one of the top Australia cosmetics and Beauty Company, which operates its overall business proceedings across the national boundary. The study will focus on some of the key factors, which include developing proper marketing strategies, competitive strategies, and different kinds of pricing strategies, which will allow the company to evaluate a strong position in the Indian market in order to develop a strong and a proper customer base (Cooke et al., 2014). 2.0 Brief background to company and selected International Country 2.1 Company Background Aesop is the Australian company, which produces skin care products in their hair care, soaps and fragrance segments. The Dennis Phaphitis founded in the year of 1987 in Melbourne (add company web site). The company has its wide range of products, which has the best quality. They involve wide variety of plant-based as well as laboratory-made ingredients. 2.2 International country background India exhibits a rapid growth in the segment of the cosmetic and the beauty products. The increasing purchasing power of the Indian people enables the country to demand for the large variety of consumer-based products. The increase amount of advertisements of the products in beauty and cosmetic segments enable the rapid growth of personal care in the Indian market. India expanded through the formulation of strategy, which enables the improvement of the performance and gives opportunity for the organization to grow and expand effectively. The skin care market has shown a rapid growth in the market. the present market in skin care estimate to be around Rs. 3,400 crore among which India itself estimates $950 million. The market in beauty and cosmetics segment is growing twice than the growth of the United States and European market. The Company expanded to Indian market because of its high return investment. 2.3 Economic Analysis The economic slowdown has made the world to curb their investment and the growth for almost all countries. However, the Aesop remains optimistic throughout the time. They have further maintained their constant price strategy along with providing the best quality. Figure: Restoring macroeconomic stability (Source: finmin.nic.in, 2016) The inflation rate is continuing to be as moderately progressive. The above diagram shows that the price inflation has declined from the 5.4 percent from February 2015 to 5 percent in October 2015. It also showed that WPI has shown as negative territory since November 2014. While Figure 2 it shows that rural wage growth and the minimum price increases. Figure 3 shows that gold imports stabilized at a lower rate since the period of high inflation. Figure: Restoring macroeconomic stability (Source: finmin.nic.in, 2016) The above figure shows that current account deficit is declining which is near about 1.2 percent of the GDP. Foreign exchange reserve has risen from the month of December 2015. The Figure further shows that FDI inflows have grown over the years of 2014-2015. The Figure further shows that, India has showed well positioned against the dollars in the recent years. 2.4 Political/ legal analysis India shows a change along with the nature of the market from the increase of globalization in the process of the economic. The first Phase was originated in the year of 1985, under Rajiv Gandhi who was the prime minister of India at that time. He declared the first New Economic policy emplaning the productivity and utilizing the adaptation of the modern technology. The policy of the Export-Import has initiated with the facilitation of the technological up-gradation. The second reform initiated in the year of 1991. The policy is crisis driven and the adoption would implement to the crisis itself. The main benefit is high growth. Terrorism has become one of the concerns for India mainly because of the neighboring countries. The social issues became a large concern for India. Figure: Political issue 2.5 Culture Details of the Indian cultural analysis has been done using Hosftedes cultural analysis model. The detailed of the analysis has shown in the below mentioned model. According to this analysis, it can be said that company is direct by very strong individual (Zhou et al., 20145). At the same time, Team follow instruction by team leader, no complaints. Figure: Hosftedes analys (Source: Geert-hofstede.com, 2016) 2.6 Ethics The ethics of Aesop helps to deliver the better explanation of the company. It enables to provide healthy diets, which benefit the taste and culture of the people. It enables to provide the value to the customers through the supply chain. It also won the Energy Star Partner of the year, which was awarded by the Environmental Protection Agency (Zhang et al., 2013). 3.0 Entry decisions on India 3.1 PESTLE analysis Particulars Explanation Impact Political The political factors need to consider on the legal issues and the regulations of the government of India. The company also need to include of giving high tax rate. The company need to develop strategies to avoid any political disturbance. India has offered the competitiveness and has jumped in 16 places in the World Economic Forum in the global ranking. The ranking showed that India ranked 55 among the 140 countries. Medium Economical Indian market is expecting to grow annually because of its increase in the purchasing power and the decrease of inflation level. The country also experience with higher literacy rate and awareness of fashion not only on women but on men. High Social The country increased its social awareness among the promotion of gender equality. Aesop can create an image of the brand, which would be social, modern and classy. The Global Competitiveness report 2015-2016 showed the reversal in the attribution of its growth to a large amount (Wang et al., 2015). Medium Technological Aesop can have the opportunity to produce the products in the Indian market because of the countries increased technological development. They need to develop products catering the needs of the skin problems and protecting the harm like tanning, discoloration, pimples etc. The technological up gradation is the key on Indian market. In specific, the skin care market through online easily is catching the busy employees. High Legal The trade law is reformed which helped the organisation to spread its market easily. The company need to follow the rules and the regulations of the country. They also need to inform any major investment to its stakeholders. The company need to follow rules regarding contains of minerals in the product. Medium Environmental The Company need to make effective environmental analysis other country. In India, the use of mercury in the skin care products is prohibited. Aesop needs to make products so that it does not induce mercury in products. Table: Pestle Analysis 3.1.1 Target Market India has a wide amount of population, which ranks between the second largest in the world. From the analysis, it can be said that the product needs to target the customers of mainly the metropolitan cities like Mumbai, Delhi, Bangalore and Kolkata. They need to target the age group between 18- 30. This age group can easily be targeted through the distribution and the promotional activities. Another age group that need to consider is from 31- 55 (Zhang et al., 2015). 3.2 CAGE Framework The further analyze can explain through analyze of CAGE model in the Indian market. The expansion of Aesop Cosmetics and beauty products in India has an emerging scope. 3.2.1 Cultural Distance The first, which comes for the expansion, is the countrys culture. For Aesop the most important obvious is its beauty and cosmetics segments. The culture represents the customers preference for the use of the use and it on other hand shows the expansion of the product. The Aesop will never produce beef and pork to respect the culture of India (Wang et al., 2015). 3.2.2 Administrative Distance The second parameter, which comes in this regard, is the administrative distance. It comprises of the aspects in regarding with the historical and the political internationalization. India is a country, which gives a wide scope for the expansion of the countrys location, staff and marketing strategies. Political stability is another important factor for its growth. 3.2.3 Geographic Distance Geographic considerations involve the size of the country along with the distances within the country. It also involves the transportation and communication network. In case of AESOP Cosmetics and beauty products, the product, which comes from the Australian market, will lead to have easy transportation because of the network of the transportation between the two countries. 3.2.4 Economic Distance The important consideration in the economic distance is the economic situation as well as the income of the target customers. Another important benefit is that Aesop will get an advantage over the product from the other local products because of its quality price. 3.3 Financing trade Trade Finance is one of the traditional forms of bank fianc in India. International trade is an important impact for the overall efficiencies of the production of the organization. It results in the support for the activities of the production. In India, the major way through which the country financed is the letter of the credit. 4.0 Recommendation for the entry mode and multinational structure 4.1 Evaluation of the company Aesop has the beauty and cosmetics products, which has the most possible effect for its expansion in the foreign market. Aesop aims to expand the stores throughout the world in a vision of leading the department stores in the world. It already expanded its stores all across Australia, Asia, Europe and US. It opened 50 stores throughout these countries. 4.2 Porters Generic Strategy 4.3 International strategy The company needs to think to expand its market not only locally but also internationally. They have a wide scope of market, which can get attracted from the various products of cosmetics and beauty products that they offer. Configuration is the marketing activities and the performance in the way of local and centralized way. Coordination need to involve the role of international marketing which delivers the marketing in different countries. The third role is the linkage where they need international configuration and coordination in adopting the international strategy. 4.4 Market entry strategy Marketing strategies need to make joint venture, export, acquisition, export plus sales office, Green field manufacturing plant, etc. They need to develop the joint venture with other companies. In the Indian market, they can make joint venture with Herbal product companies so they get an advantage for it. Moreover, they need to adopt strategies while exporting its product the world market. They need to evolve effective measure through imposing the sales strategy in the market. They can introduce sales office in the foreign market. The company provides the Greenfield project. They can use the unused land where they can remodel and open their stores. 5.0 Global Marketing Strategy 5.1 Marketing Strategy Aesop needs to develop the marketing adopting some important strategy for the product. The marketing strategy in the foreign market, need to visualize the market as one and build the brand according to the environment of India. Aesop needs to develop the segmentation concentrating the behavioral, psychographic and the demographic segmentation in India. The second respect is the market positioning in the global market. Aesop needs to involve in differentiation strategy with respect to the favorable image of the product against the product of the competitors. Aesop need to develop they need to adapt policies according to the policies which prevails in India. The company also needs to adopt decisions regarding the international pricing strategy. It should include the trade barriers, currencies, and longer distribution Channels. Aesop needs to adapt the advertising along with the promotional and distribution activities of the country. The marketing strategy of Aesop in the Indian market can best way to highlight through the 4Ps of marketing mix. Here we need to analyze the price, product, place and promotion of Aesop. Price- The price of the beauty products need to generate considering the foreign market. In India they need to develop the product with low price for the age group of 18-30. And as well as high price product considering more on quality and benefits for age group of 31-55. Product- The Company needs to make marketing strategy on the beauty products mainly considering herbal products. Place- Aesop needs to focus the market of metropolitan cities. They can start to give promotions in offices. They can give presentation on the products. Promotion- The Company needs to give promotions through organizing events in colleges and shopping malls. They need give the promotions through the advertising in Television and radio along with print media in major newspaper and magazines. They further need to give promotions in social networking site. Aesop needs to consider not only the opportunity but also threats related with 4Ps. The competitor is pricing strategy need to consider on that. They need to consider the products of the home brands of India, which has much lower price than others do. India is country which experience economic downfall though in recent years the conditions improved but Aesop needs to make it as its considerations. Aesop needs to analyze the opportunities like free trade, which are included in it. 5.2 Environmental Analysis The microenvironment, which consist of the internal forces in Aesop the internal forces are the customers, suppliers, competitors, media, shareholders and employees. They need to develop its strength according to the utilization of the resources of the product. The country also showed an improvement comparing with the last years rankings. If we give a close look from the year of 2007 till present it will show that India always experienced growth on every year (Zhang et al., 2015). Last year the National Democratic Alliance government showed an improvement in the business environment of the country. The Gross Capital Formation of India also includes a land improvements in terms of the plant and machinery, purchase of equipments, constructions of the roads, railways also the commercial and industrial building. The gross fixed capital formation has made a rapid growth in the first quarter of 2016. It showed 8861.45 INR Billion in 2106. It showed a considerable amount of growth from the last year (Tiedemann et al., 2015). 5.3 Outlines the product and the service including the local and international market Distribution channel acts as a backbone for the Indian market. The language for Aesop becomes more important with the difference in its custom, culture, language etc. of India and Australia. They need to build the intermediaries in the distribution channel. The Aesop need to involve with the quality distribution network. Companies need to locate the intermediaries considering the engagement of the negotiation (Roy et al., 2016). Indian market mostly consists of people with low or middle income group. Aesop needs to reduce the product price for certain segments. But if they need to cater the market of India as whole then they need to introduce products of low price categories as well as the products with high price categories (Rothaermel, 2015). India is a country, which has diverse people who believes, customs, religious different from each other. They mostly do not consume beef or pork. While introducing the product the Aesop need to make it as a consideration that the consumption of the ingredients does not consist any of such. Moreover, they need be more conscious about the packaging and the labeling of the product. Aesop needs to develop a strategy keeping in mind the culture of India (Pachori Totala, 2012). 6.0 Recommendation regarding the production and supply chain The company needs to develop a very strong strategy in the production and the supply chain of the organization. There are some issues, which are prevailing in the market of India. However, the supply chain is improving a wide way but it needs to go for a long way for it. The supply chain of India cost 13 percent of the total GDP. The demand side of the supply chain of India prevails in relation with the price and the variety (Moalla Mayrhofer, 2014). The main issues regarding the supply chain is the poor infrastructure of complex tax structure. Aesop can meet the challenges in the supply chain through adoption of strategy in the supply chain with it is as a key enabler. An effective and efficient review of the supply chain can make the design of the companies in respect to supply chain better and enables the company to do the business enabling the advantage in the marketplace. The production of the Aesop, need to develop a very effective strategy for the development of its product (Machan, 2012). Now they need to develop franchise for their production purpose. They need to look over the quality and efficiencies of the franchise. It should include the development internal audit and establishment of effective franchise. The franchise need to give targets so that they ensure the strategy for maintaining of quality. 7.0 International HRM strategies Aesop needs to develop the human resource strategy for its developed and focused to manage the people. These strategies need to involve, as the company is new so the staffs and employees need to give proper tarring for the product. They need to provide starting from the appraisals to the talent and the succession and the auditing skills (Lederer et al., 2013). The company need to indulge the development programmed of the employee along with the key principles of the appraisals. It will help to adopt the new environment and assess performance. The company needs to develop the audit skills and provide development opportunities for its staff (Jensen, 2013). The company needs to involve the relation of the staffs between countries. Now the countries will have different structure along with different customs, preference and belief. Now the company needs to respect the culture and custom of each country. The culture of India is totally different from the culture of Australia. Therefore, strategies need to involve through the training and development module of the staff (Hinterhuber Liozu, 2012). The companies need to indulge workshop on the cultural Diversity. Management structure should meet the business objectives. It should include the process of the planning, organizing, leading and the control of the efforts of the members of the organizations. 7.1 Etiquette and customs adoption by the international business manger Aesop cosmetics and beauty products need to involve the global business through the expansion. The mangers need to adopt and involve the etiquette amenders and the cross cultural as well as the intercultural communication through the active participations of the mangers and the employees (He, 2016). The mangers need to involve the importance of the cultural diversity among the employees. The mangers need to evolve the learning skills and the proper etiquette manners. It should involve the communications skills on the business etiquette that need to be understood. 7.2 International labor relation The present assignment will focus towards the development process of a proper marketing plan of the selected organization Aesop. The objective of the study is to evaluate all the factors, which are required towards the development process of a proper expansion. India is one of the most popular growing economies across the world and different organization based on the nature as well as the objectives of the business wants to expand the business operations in the top cities of India. After completing different kinds of research and investigation procedures, the company has decided to evaluate a part of the operational activities in India (Grant, 2015). The selected organization is one of the top Australia cosmetics and Beauty Company, which operates its overall business proceedings across the national boundary. The study will focus on some of the key factors, which includes developing a proper marketing strategies, competitive strategies, and different kinds of pricing strategies, which will allow the company to evaluate a strong position in the Indian market in order to develop a strong and a proper customer base. 8.0 Recommendation on the HRM approach The Aesop Company needs to involve n the human resource management for the development of the staff. For this approach, they need to initiate the ethnocentric, egocentric and the geocentric staffing (Gilmore et al., 2013). 8.1 Ethnocentric Aesop can adopt the Ethnocentric staffing through the involvement of the staff in the foreign subsidiaries with the expatriates from the companys home country i.e. Australia. It will help the organization to take an advantage through the alignment of the interest of the staff in respect to Australia s well as India. 8.2 Polycentric staffing It will enable Aesop to hire the staffs of India from the host country nationals. It will help to guide the country in better way considering the local market of India in politico, law, culture etc. 8.3 Regiocentric staffing It helps the host country nations of the staff for the suns day of the foreign country that is India largely. 9.0 Conclusion Aesop is the multinational company of Australia in the field of cosmetics and beauty products. It planned to expand the market in India. Now establish the market it enables to expand the market through effective measures. The company enjoys a wide a wide range of global competition from other market. India has advantage ever its countrys competitiveness and the gross capital formation. It also enjoys the competitive strategy over other countries. the company need to develop a compact distribution channels and pricing through the development of the effective way of the product. The company through some measures in international HRM strategies can evolve effective measures. Aesop need to understand the power of the union in India., India is a country which involves the power of union as well as the frequent strikes. Aesop need to take measures for the forbidding the strikes. Mangers need to involve strategy on that. They need to solve the matters in relation with the power of the union. 10.0 References: Atkinson, R., (2014). MOOCs revisited: An Aesop's fables perspective.HERDSA News,36(2), p.20. Baumgart, M., (2016). Designing retail success.Artichoke, (54), p.93. Bienkowski, M., Feldmann, A., Grassler, J., Schaffrath, G. Schmid, S., (2014). The wide-area virtual service migration problem: A competitive analysis approach.Networking, IEEE/ACM Transactions on,22(1), pp.165-178. Cooke, F.L., Saini, D.S. Wang, J., (2014). Talent management in China India: A comparison of management perceptions human resource practices.Journal of World Business,49(2), pp.225-235. Ellickson, P.B., Misra, S. Nair, H.S., (2012). Repositioning dynamics pricing strategy.Journal of Marketing Research,49(6), pp.750-772. finmin.nic.in. (2016).Mid-Year Economic Analysis 2015-2016. Fleisher, C.S. Bensoussan, B.E., (2015).Business competitive analysis: effective application of new classic methods. FT Press. Geert-hofstede.com. (2016).India - Geert Hofstede. Giannakopoulos, Y. Koutsoupias, E., (2015). Competitive analysis of maintaining frequent items of a stream.Theoretical Computer Science,562, pp.23-32. Gilmore, A.B., Tavakoly, B., Taylor, G. Reed, H., (2013). Understing tobacco industry pricing strategy whether it undermines tobacco tax policy: the example of the UK cigarette market.Addiction,108(7), pp.1317-1326. Grant, R.M., (2015).Contemporary Strategy Analysis 9e Text Only. John Wiley Sons. Hallberg, N.L., (2016). The micro-foundations of pricing strategy in industrial markets: A case study in the European packaging industry.Journal of Business Research. He, W., Zha, S. Li, L., (2013). Social media competitive analysis text mining: A case study in the pizza industry.International Journal of Information Management,33(3), pp.464-472. Hinterhuber, A. Liozu, S., (2012). Is it time to rethink your pricing strategy?.MIT Sloan Management Review,53(4), p.69. Jensen, M., (2013).Setting Profitable Prices: A Step-by-step Guide to Pricing Strategy--without Hiring a Consultant. John Wiley Sons. Lederer, M., Schott, P., Huber, S. Kurz, M., (2013). Strategic Business Process Analysis: A Procedure Model to Align Business Strategy with Business Process Analysis Methods. InS-BPM ONE-Running Processes(pp. 247-263). Springer Berlin Heidelberg. Machan, T.W., (2012). Jacqueline de Weever, Aesop the Imprint of Medieval Thought: A Study of Six Fables as Translated at the End of the Middle Ages. Jefferson, NC, London: McFarl Company, 2011. Paper. Pp. viii, 209; black--white frontispiece 1 black--white figure. $55. ISBN: 978-0786459551.Speculum,87(01), pp.206-207 Moalla, E. Mayrhofer, U., (2014).How do different dimensions of distance affect market entry mode choice? An application of the CAGE-distance framework(No. hal-01134087). Pachori, S. Totala, K., (2012). Influence of Financial Leverage on Shareholders Return Market Capitalization: A Study of Automotive Cluster Companies of Pithampur,(MP), India. In2nd International Conference on Humanities, Geography Economics (ICHGE'(2012)) Singapore(pp. 23-26). Rothaermel, F.T., (2015).Strategic management. McGraw-Hill. Roy, A., Sana, S.S. Chaudhuri, K., (2016). Joint decision on EOQ pricing strategy of a dual channel of mixed retail e-tail comprising of single manufacturer retailer under stochastic dem.Computers Industrial Engineering. Tiedemann, M., Ide, J. Schbel, A., (2015). Competitive analysis for multi-objective online algorithms. InWALCOM: Algorithms Computation(pp. 210-221). Springer International Publishing. Wang, X.S., Xie, Y., Jagpal, H.S. Yeniyurt, S., (2015). Coordinating RD, Product Positioning, Pricing Strategy: A Duopoly Model.Customer Needs Solutions, pp.1-11. Zhang, C., Wang, Z., Tan, L., Zhai, T.L., Wang, S., Tan, B., Zheng, Y.S., Yang, X.L. Xu, H.B., (2015). A Porous Tricyclooxacalixarene Cage Based on Tetraphenylethylene.Angewte Chemie International Edition,54(32), pp.9244-9248. Zhang, Z., Guo, C. Goes, P., (2013). Product comparison networks for competitive analysis of online word-of-mouth.ACM Transactions on Management Information Systems (TMIS),3(4), p.20. Zhou, T.T., Xuan, Z.H., Zhang, D.S., Chang, Z., Zhang, Y.H. Bu, X.H., (2015). A unique cage-in-cage metalorganic framework based on nested cages from interpenetrated networks.CrystEngComm,17(31), pp.5884-5888.
Thursday, November 28, 2019
Adults Who Hit Misbehaving Children Young People Essay Essays
Adults Who Hit Misbehaving Children Young People Essay Essays Adults Who Hit Misbehaving Children Young People Essay Essay Adults Who Hit Misbehaving Children Young People Essay Essay Essay Topic: Adults In the twenty-first century, most parents do non hold experience on how to educate their kids and how are they supposed to rectify the incorrect behaviors of their kids. During most parents childhood yearss, they were frequently hit by their parents after they have done the incorrect thing. Since they have grown up being a mulct and successful individual, they thought that this is the right method of educating their kids. On my personal sentiment, I do non believe that such method plants in a sense in the twenty-first century. Furthermore, hitting a kid can take to child maltreatment which is against the jurisprudence. Besides hitting kids for misbehaving, there are still a batch more method to rectify the kids. Parents should seek aid from experts if they have trouble learning their kids alternatively of hitting them. Children are besides worlds, they excessively have their ain emotions. Hiting misconducting kids could go forth long-run effects on the kid, t he long-run effects of hitting misconducting kids are kids might believe that it is all right to decide state of affairss with force, kids will hold anti-social behaviour and they could be emotionally damaged. Among the long-run consequence of hitting misconducting kids are that it teaches kids that the right manner to decide state of affairss is with physical force. After hitting misconducting kids for rather some clip, earlier or subsequently the kids themselves could evidently be seen moving out in force excessively. Worst of, this could go on on yearlings excessively! Children frequently give blowhole to by fliping their playthings all over the topographic point when they get disquieted or angry over something. Children might go ill-mannered to their parents excessively. When these kids grow older, they tend to go aggressive as grownups and move out in ways as condemnable activity. Harmonizing to research, most felons say that they had been invariably hit by their parents during their childhood. Besides that, when these kids get older they might mistreat their partner and kids. After a difficult twenty-four hours at work, they will normally let go of their choler on their partner by cr ushing their partner and mistreating their kids. Besides that, the effects of hitting misconducting kids will do kids to hold anti-social behaviour. Harmonizing to research, kids that are being hit frequently cheat on their test. Children do non mind rip offing on tests for the interest of acquiring better classs. Children will besides be noncompliance at school and traveling against the school regulations. They are ever doing problems at the school by disobeying the school regulations, picking up a battle with other pupils or even vandalising the school s belongings. They do non experience fear when covering with the subject instructor or the principal. On top of that, kids will non experience sorry after misconducting or non acquiring along with instructors. They are ever doing jobs in the schoolroom, non paying attending or disrupting the instructors when the category is ongoing. Finally, hitting misconducting kids will do them to be emotionally damaged. We should cognize that kids are besides worlds, they excessively have feelings. Constantly hitting the kids will destruct the kids s self-pride and doing them to hold no assurance when they are covering with things. Children might besides believe that they are worthless because they are ever making the incorrect things and ever acquiring hit by their parents, they think that they are neer making the right things and felt really ashamed of themselves. Last, kids might go diffident or despondent from others, they dare non to interact and socialise themselves with other people. They could be seen ever avoiding to hold contact with aliens doing them to hold no friends at all. In decision, hitting misconducting kids is non the right method to educate and rectify kids. This is because kids might believe that the right manner to work out jobs are by utilizing beastly force alternatively of utilizing their encephalon to analyse what the job is and work out it in the smart manner. Children could besides go unsociable as when they are at place, they are already being hit by their parents for their incorrect doing them to believe that the outside universe could be much worse. It besides causes kids to be unprompted, they do non hold a stable emotion. Therefore, parents should seek advice from experts as how to learn their kids to act themselves.
Sunday, November 24, 2019
5 Things We Wish Wed Been Told When Starting College
5 Things We Wish Wed Been Told When Starting College 5 Things We Wish Weââ¬â¢d Been Told When Starting College Starting college can be tough. Youââ¬â¢ve got new ideas to wrestle with, new friends to make, and you have to get used to looking after yourself. Here are 5 things we wish someone had told us when we first started college. 1) Donââ¬â¢t Buy Books! You might have been told to go out and buy all the books on your reading list, but this isnt usually necessary. Any college library worth its salt will have plenty of the required books. Just make sure you get there before the other students snap them up! And if you get really stuck, you can always get cheap hand-me-downs from last years students. 2) Choose One Club Itââ¬â¢s really easy to get sucked into signing up for 10 clubs in the first week at college. Sure, archery, salsa dancing, the Russian food club and white water rafting all sound great, but will you really have the time? Better to wait a few months before buying any expensive equipment to make sure you are really committed, rather than spending loads of money on a wetsuit and sailing shoes in your first week only to use them about four times. 3) Start Writing Your Papers Early Itââ¬â¢s so tempting to put off writing a paper until a week before it is due. However, youââ¬â¢ll save yourself a lot of stress and time if you start writing as soon as the title is set. If you get into the habit now, youââ¬â¢ll be an expert when you get into your final year. 4) Save the Introduction until Last Another great writing tip is, once youve planned your paper, to skip writing the introduction until last. This will help you help you write a really strong opening, since youll have a much better sense of what the paper is about. 5) Take it Easy on the Drink College is a time for partying, sure, but you will find that relentless drinking will take its toll sooner than you think. Thereââ¬â¢s so much to get used to in your first year of college, so itââ¬â¢ll be a hell of a lot easier without a constant hangover! Try alternating alcoholic drinks with soft drinks and having a few alcohol-free nights a week. Itââ¬â¢ll help you stay emotionally balanced and make life much easier!
Thursday, November 21, 2019
Euthanasia and the right to choose Essay Example | Topics and Well Written Essays - 1500 words
Euthanasia and the right to choose - Essay Example Conservative people, although they use individual rights as part of their principles, do not believe in the right to die, seeing life as too valuable. On the contrary, liberal people typically see the right to die as a matter of personal choice and a good option for those who do not desire to continue living. Of course, to talk about these applied ethical issues, one needs a grasp of underlying normative ethical theories (asking ââ¬Å"what is good?â⬠in general), instead of relying solely on an intuitive grasp of what is good in this particular situation. There are a number of perspectives to consider in the issue of assisted suicide; from each of these viewpoints, assisted suicide is a moral practice that ought to be upheld. The discussion of assisted suicide is divided between those in favor, those opposed, and those with some position in between. For the purposes of this essay, the only answers to the question of assisted suicideââ¬â¢s ethical foundation are ââ¬Å"ethica lâ⬠and ââ¬Å"unethicalâ⬠. Those who believe assisted suicide is ethical tend to believe that the practice, if put into law, is not morally problematic and that it should be allowed to occur. Likewise, those who believe the opposite tend to believe that if any case of assisted suicide is allowed, dire circumstances will result. ... rk is the duty every human being has to not kill another human being; this means that no matter what the circumstances are, or the consequences, it is immoral to kill another person. Because this duty is universal and non-conditional, it is quite clear in its application to the issue of assisted suicide. A different moral theory, which is quite different from deontology, is utilitarianism. ââ¬Å"Utilitarians take a rather different perspectiveâ⬠¦ their rules are based on some calculation of the consequences of decisions or actionsâ⬠(Feinberg and Feinberg 185). In other words, it is only the consequences of the action that matter, not the duty one has to another person. Under this theory, if a suffering person requests assistance in their suicide, then the moral action is to help him kill himself, since that action would ease that personââ¬â¢s suffering and thus lead to the greatest good. If one accepts the utilitarian view of ethics as the truth, the argument for assist ed suicide is quite clear. Since assisted suicide is a very situational, or circumstantial, issue (that is, the conditions and diagnoses of doctors are often unclear), it does not make sense for a deontologist to cite a moral rule that applies in all situations, when that theories has no knowledge of the variety of different situations other people have to live with. Because the utilitarian can evaluate cases of assisted suicide on a case-by-case basis, without calling the practice immoral in itself, he or she has more freedom to address the issue fairly. The applied ethics debate over euthanasia is typically framed around the normative claim of its permissibility, which is then followed by objections and responses launched from those who find it to be a morally reprehensible act. Nevertheless, we are faced
Wednesday, November 20, 2019
The Story of Arthur Wergs Mitchell Essay Example | Topics and Well Written Essays - 1000 words
The Story of Arthur Wergs Mitchell - Essay Example Arthur Wergs Mitchell was born on December 22 1883, at Roanoke, Alabama and was the son of former slaves Taylor and Ammar Mitchell. His father has worked as a modest farmer to raise his family. Mitchell studied in public schools and has financed his college education at the Tuskegee Institute by working as a university assistant and farm laborer. After a year at the Tuskegee Institute, Mitchell transferred to Snow Hill Institute, where he was mentored by a Washington protà ©gà © in the person of Professor William J. Edwards. Mitchellââ¬â¢s beliefs toward his own teaching skills and capabilities have later on led him to putting up a vocational elementary school, the West Alabama Normal and Industrial Institute that was exclusive for African American children. These milestones have also brought difficulties to the life of Mitchell. He was accused of deceiving the poor blacks to working for cheap labor and was even charged of defrauding them to obtain their land titles. He was sued by the black farmers, but has managed to avoid prosecution. Nonetheless, the charges filed against Mitchell did not hinder him to moving toward his goal of becoming a lawyer. Eventually, Mitchell has left Alabama and moved to Washington. Then, he went to Chicago to pursue law. On 1919, he has moved to Washington D.C., where he has tried to familiarize himself with the law and has gone to real estate by establishing the Mutual Housing Company of Washington D.C (Asseln 1995). In spite of his lack of formal law education, Mitchell passed the bar in Chicago, Illinois in 1927 (Asseln 1995). He has later on ventured into the practice of law by opening a law office that has paved the way for him to creating a connection with the Republican Party (Asseln 1995). This then marked the beginning of his political career as the first African American democrat in the country. Mitchell has worked for the Republican Party and has managed the campaign of the Republican presidential bet Herbert Hoover (Nordin 2007). This responsibility has made him inspired to entering the arena of politics. Upon joining politics, Mitchell left the Republican Party and became a Democrat. As a democrat, he had the advantage of representing the black community, for he was seen by the party leader as one who will not intrude in the plans of the white political leaders that may be unfavorable for the black constituents (Nordin 2007). Arthur Mitchell replaced Harry Brooke as candidate of the Democratic Party for Congress Representative due to his sudden death (Arthur Wergs Mitchell 2013). Mitchell rivaled with fellow African American Oscar De Priest, but Mitchell managed to defeat Brooke, thereby, electing him as the very first African American Democrat to represent a state in the American Congress in November 7, 1934 (Arthur Wergs Mitchell 2013). Mitchell expressed his support to ââ¬Å"President Roosevelt and the New Dealâ⬠during his tenure in Congress (Arthur Wergs Mitchell 2013). On the one hand, Mitchell got involved in a controversy that prompted him to file charges against the Illinois Central and Rock Island Railroads. The
Monday, November 18, 2019
Changing a Partheid, But Not So Fast Essay Example | Topics and Well Written Essays - 750 words
Changing a Partheid, But Not So Fast - Essay Example Before summarizing the setting of the play, it is important to note something about the author of this play, and his purpose or message. The man who wrote this play is Athol Fugard. His parents were English and Afrikaner, and he was raised in South Africa, during apartheid, having been born there in 1932. While working as a court clerk in Johannesburg, he came to understand the evils of apartheid, and became an activist, writing plays about apartheid (Vienna Theatre Project 2). He alienated the government, in that way, and they removed his passport and years later they returned it. His award-winning plays spread apartheid awareness internationally, from marginalized theaters in South Africa, to famous theaters in London, and even to New Yorkââ¬â¢s Broadway (Vienna Theatre Project 2). Fugard brings his criticism of the apartheid policies of the South African government to this play. However, through the character of Mr. M, Fugard also brings criticism of the policies of the African National Congress, which resisted the apartheid government (p. 2). That is a strong approach, especially for an activist who is well aware of the evils of apartheid, and has himself suffered under it. Good and evil are not as completely polarized in real life as they are in fairy tales. Mr. M represents the voice of a gray area, between the extremes. Isabel is white and filled with personal hope, raised to believe it is hers by right. Thami is black and cannot afford the luxury of hope without supporting street action for massive and immediate change (p. 3). Mr. M sees hope as a hungry beast that could potentially gobble up all of South Africaââ¬â¢s students (Chastang). He does not want to exercise the initiative to invite change abruptly. He is afraid that the inevitable backlash against activism for abrupt social change will put education further out of reach of his students. Mr. M is also an activist, because he is engaged in the visionary social action of education, but he i s older and more old-fashioned, and so he likes the relative safety of moving more slowly. He does not want to escalate risk, because education is critical to the future of the students. Mr. M is not fearful of insubstantial shadows, but of very real events and trends. The history of South Africa has not been peaceful. The Dutch killed and controlled the Xhosa. The British seized control of the area and the Afrikaner (Dutch descendants) moved their location to escape the British. Both the British and the Afrikaners defeated the Zulus. Then, war came between the British and the Afrikaners, and the British won. They later united to keep non-whites restricted (Vienna Theatre Project 4). The Afrikaner National Party came to power in 1948 and apartheid was firmly and miserably entrenched. The African National Congress was the Black answer to apartheid. It was backed by Communists (Vienna Theatre Project 4). In 1976, 15,000-20,000 Soweto students marched in protest of apartheid, intending to sing a song affirming solidarity and then go home. Unfortunately, the police over-reacted, released police dogs to attack the students and used tear gas. Students responded by throwing stones and bottles. The police started shooting students, without warning, Students reacted by setting fire to government property and the property of White businesses. The government called in massive reinforcements. Army helicopters dropped tear gas on the crowd. Entry and exit to and from
Friday, November 15, 2019
Marketing plan and strategic options of Whitbread
Marketing plan and strategic options of Whitbread Introduction Strategic planning is the core of the work of an organisation. Without a strategic framework you dont know where you are going or why you are going there. So, then, it doesnt really matter how you get there! A strategy is an overall approach and plan. So, strategic planning is the overall planning that facilitates the good management of a process. Strategic planning takes you outside the day-to- day activities of your organisation or project. It provides you with the big picture of what you are doing and where you are going. Strategic planning gives you clarity about what you actually want to achieve and how to go about achieving it, rather than a plan of action for day-to-day operations This is all that we are going to learn from this. Task 1 About Whitbread Whitbread PLC is the UKs largest hotel and Restaurant Company operating market-leading businesses in the budget hotels and restaurant sectors. Its brands include Premier Inn, Beefeater, Table Table, Brewers Fayre, Taybarns and Costa Coffee. Whitbread PLC employs 35,000 people and serves 9 million customers every month in its 2,000 outlets across the UK. Whitbread PLC is a FTSE 100 company, listed on the London Stock Exchange. It is also a member of the FTSE4Good Index External Factors affecting Whitbread Whitbread is a family of brands, all of which are in the business of providing hospitality in one shape or form. The major external factors affecting the Whitbread are as below: Globalization: The main reason globalization affects hotel industry is through economy and transportation. Economically countries depend on one another; if one countries economy recesses it can in turn make many other countries economies suffer. Therefore there will be less money spent on luxury activities in both countries. Another affect of globalization on Whitbread is the many different cultures represented in cities and communities across the UK. These different cultures bring different food and recreational activities to their communities Economic conditions: In economic recession people lose jobs or tend to save their money because they do not know when things are going to get better. When people curtail spending due to an economic recession, the first thing they stop spending money on is luxury items. These items include: going out to eat at restaurants, going on trips, and basic recreation. These three activities are part of Whitbread Company; therefore, the Whitbread is one of the first industries to get hurt when the economy recesses. In economic expansion people have more money and tend to spend more money on things like vacations, going to eat at restaurants, and recreation. Political conditions: Political power can be defined as the ability to persuade lawmakers, society, or regulators to take steps that influence a firms actions or performance. For example, a politically strong customer group might influence government to enact legislation to protect its rights, or a politically strong media participant may be able to influence people to avoid certain restaurants or hotels. Weather: Weather has a major affect on hotel industry, for example a tropical resort may lose customers when it rains or is really windy, so these resorts might have a policy that states if you leave early because of weather there will be no refunded money. An example of weather affecting Whitbread is snow. This year the winter is already started with a big chill across the UK and people really dont wish to go out is such a frosty and snowy weather as there are more chances of having difficulties and injuries by slipping. Analysis of Major changes in external environment The major changes that are happening in the external environment that are going to affect the strategy are as below: Change of economic conditions: As we all know that the economy is still going down despite of the various possible alternatives tried by the UK government. There is no relief from the job redundancy and inflation which is going up every day. This is definitely having an effect on the pocket of the normal man and thus the strategy of handing a business will surely change. Political Factors: We just had a new government and is trying to bring in lot many changes in various policies like visa policy, taxes and many more. These changes will definitely bring change in the number of people visiting UK for holidays etc. And this will have a major impact on the hotel industry. Environmental factors: The environment is changing day by day with a high speed and the organizations have to change their strategy of work accordingly. Whitbread like all other organizations has to go with an environmental and energy policy that should make sure that the environment is protected and the energy is saved. Needs and Expectations of stakeholders People including employees, customers, share holders are all the stakeholders in the organization. A key part is to understand the needs and demands of the stakeholders. The stakeholders of the Whitbread have some expectations and demands from the organization and they are described as below: Focusing investment Growth in expanding sectors Outstanding performance Good quality Service Efficient Management Value for money Excellent logistics Reliability Security Task 2 Tools to analyse current business plan SWOT Analysis: In the world of business, conducting a SWOT analysis can be a useful tool when trying to assess the companys current situation as well as the surrounding marketplace. The results of a SWOT analysis often are used by companies to plan future strategies and make internal changes that are deemed necessary. Its a project or business planning tool used by companies to evaluate the feasibility of the business venture or project against competition and against external business conditions beyond their control Strengths and weaknesses of Whitbread business strategy Strengths Big Chain of Hospitality industry Globally diverse Tourists visiting UK Demand supply gap of rooms due to Olympics in 2012 Cultural Diversity Increase in Market Share Eco friendly Good Together Programme Brand Name Weaknesses Susceptible to Political Conditions Position of Whitbread in Market Marketplace covers a wide range of consumer and business issues. For Whitbread, the key areas include healthier lifestyles, food safety, environment, sustainability, outlet accessibility for all customers, listening to their customers needs and developing mutually beneficial relationships with suppliers and contractors. Whitbread are extremely proud of the high operational standards they set, but they are never complacent and are always looking for new ways to improve their business offer. Recent successes include: Big Tick Award for its Skills for Life Programme Bronze Award in Business in the Communitys 7th Corporate Responsibility Index Hotel Report Awards 2009 Alan Parker Named Individual of the Year PubChef Food Excellence Awards, Food Operator of the Year (branded) Top 20 Most Admired Companies 2008 [Whitbread, Dec 2010] Task 3 Modelling Tool to develop strategic options SWOT or TOWS analysis helps you get a better understanding of the strategic choices that you face. (Remember that strategy is the art of determining how youll win in business and life.) It helps you ask, and answer, the following questions: How do you: Make the most of your strengths? Circumvent your weaknesses? Capitalize on your opportunities? Manage your threats? A next step of analysis, usually associated with the externally-focused TOWS Matrix, helps you think about the options that you could pursue. To do this you match external opportunities and threats with your internal strengths and weaknesses, as illustrated in the matrix below: This helps you identify strategic alternatives that address the following additional questions: Strengths and Opportunities (SO) How can you use your strengths to take advantage of the opportunities? Strengths and Threats (ST) How can you take advantage of your strengths to avoid real and potential threats? Weaknesses and Opportunities (WO) How can you use your opportunities to overcome the weaknesses you are experiencing? Weaknesses and Threats (WT) How can you minimize your weaknesses and avoid threats? The options you identify are your strategic alternatives, and these can be listed in the appropriate quadrant of the TOWS worksheet. [Mind tools, Dec 2010] Understanding of activity in Market Whitbread Group, the UKs largest hospitality firm, is undergoing an IT-enabled transformation program to drive international expansion and operational improvements. Over the past few years, the firm sold many non-core businesses, which has brought a fundamental change in the technology function. The new plan means that Whitbreads IT is more focused on making the firm competitive than it was five years ago, when the main concern was cost and managing complexity. Few roles have also changed, taking on responsibility for IT and international business. IT is crucial to Whitbreads hotel business, through applications such as room inventory, as well as revenue management and self-service kiosks. Whitbreads IT programme, dubbed Simply Better, aims to make applications and infrastructure simpler to use and cheaper to operate, so the firm uses mainly off-the-shelf software apart from in areas such as the web. Driving the adoption of tech investment is probably the hardest part of the job. Their aim is to achieve simpler use and have people understand the purpose of the innovation -Ã for the guest, profitability and guest experience [Computing, Dec 2010] Future Organizational strategy Whitbreads aim is to build the best large-scale hospitality brands in the world by becoming the most customer focused organisation there is. Anywhere. Theyll do this by providing outstanding value and making everyday experiences feel special so that their customers come back time and time again. Whitbread should have high standards of corporate governance to have good relations with share holders. Target employee turnover and stability in order to gain competitive edge over its rival companies They should have commitment to food safety Good partnership with suppliers Respecting the law and treating workforce fairly Healthier life styles and eating as well Better environment and energy saving First class service to customers Committed and genuine service Task 4 Strategy Plan to ensure Stakeholders Participation In the past years, Whitbread has carried out a detailed evaluation of its corporate responsibility strategy in order to attain the maximum engagement from its stakeholders. The stakeholders have a high level of awareness and concern for environmental issues with most of them are making lifestyle changes as a result of their concerns. For the stakeholders, the primary drivers of choice are still quality, service, and value for money and convenience. However, these are closely followed by corporate responsibility drivers, such as healthy eating and the environment. The stakeholders think that it is important to care about the environment and the majority agreed that Whitbreads environmental performance mattered to them. Following are the issues that are important to these stakeholders and appropriate to Whitbread, namely: Energy efficiency; Recycling; Water management; Takeaway packaging; and Sustainable buildings. The views from their stakeholders should be used to develop their new corporate responsibility strategy. The key focus areas of the new strategy should be as below: People Culture and Values; Environment; Community Charity; Governance, International Standards; Supply Chain; Health Well Being; and Guest Perceptions and brand. Criteria for reviewing potential options Whitbread has been reviewing its corporate responsibility strategy and found that stakeholders e.g. customers, employees and all other interested want that despite being adding new things for the stakeholders we still need to review our strategy in order to give the best. Whitbread should involve and hire some external sources that could do some survey with their customers, team members, directors and board members. The Whitbread should also go for a comprehensive peer and market analysis to understand the consumer and macro trends relating to the sustainability that would be relevant for their business and their customers. The potential options for reviewing strategy plan should be as below: Environmental changes Greener choices Social values Guest engagement Healthier food Agreed Strategy The agreed strategy of the Whitbread should have the following key points that include resource implications: Environment: The Whitbread should continuously work together to improve its environmental foot print and promote good environmental practices. People: Whitbread should at all times respect fundamental human rights of all people. Whitbread would create employment opportunity, facilitate learning and development opportunities for its employees and engage employees in the agree strategy and the Whitbread Way Forward Sourcing: Whitbread will source its goods and services and do business with other organisations in a way that supports sustainable development. It will engage its suppliers and business partners in the agreed strategy. Brand: When dealing with consumers, Whitbread will act in accordance with honest business, marketing and advertising practices and take all reasonable steps to ensure the safety and quality of the goods or services it provides. Whitbread will engage its customers in the new strategy and sustainable business issues Health: Whitbread will enable its customers to make informed choices about how they eat and drink Community: Whitbread will work to be a positive part of the communities in which it operates. Whitbread will also energetically support its chosen charities Task 5 Core Organizational values The core values of Whitbread are: Genuine really caring about customers Confident striving to be the best at what we do Committed working hard for each other Social values Whitbread has been actively involved in the community for over 30 years. Through this time weve initiated, joined, funded or supported a huge range of leading and award winning programs. Whitbreads current community program focuses on delivering initiatives that engage our team members and impact the communities in which they live and work. By investing in our people we can unlock the potential of thousands of team members and encourage them to make a real difference in their local communities Business Values Their aim is to build the best large-scale hospitality brands in the world by becoming the most customer focused organisation there is. Anywhere. They plan to do this by providing outstanding value and making everyday experiences feel special so that their customers come back time and time again Ethical Values Whitbread is very much aware of the importance of the rights of its employees and its responsibilities for good citizenship and high ethical conduct. Accordingly, they aim to ensure that all of its employees are treated fairly and with dignity throughout employment. They similarly expect their suppliers, wherever they are located, to respect and support these principles. If at any time an issue arises that their employees believe may go against these principles, they would raise it initially with their line manager and then if the matter cannot be resolved, raise a formal grievance under the Companys internal procedures Environmental Values Their approach to the environment is guided by their Environment policy and their Energy policy, which contain a number of principles with which all Whitbread businesses are required to comply Vision and Mission Statements of Whitbread Vision Statement To become the leading independent 4* hotel in London providing excellent products and services at reasonable prices to every customer, every time Mission Statement Our customers are our priority and we will provide them with a quality experience which is second to none. We recognize the importance of our employees in achieving this and we will create a positive working environment which encourages their loyalty, commitment and hard work. We strive to be excellent leaders and will undertake all our business activities in an honest and ethical manner to provide a fair return on our investment Future Management Strategy Whitbread aims to be a leader in sustainable hospitality in UK market sector. To realise this vision, it has developed its Good Together Commitments that define its overall approach to corporate responsibility and provides with a vision for the Good Together programme. Operational responsibility for driving forward the Good Together elements is allocated at Operational Director level with in the Business Units within the relevant functions, including commercial, property, HR, marketing, food and beverage and operations. Cross-functional and cross-Business Unit Working groups are set up as needed to project manage and implement the programs and to make sure that there is appropriate coordination and shared insight between different parts of the business in cross-cutting issues and projects. It is the role of the Corporate Responsibility Director to coordinate activity across the business, support the CR Steering Committee in its purpose and to provide technical expertise and support to the working groups and project leaders. All their Good Together Steering Committee Members have set personal objectives related to the delivery of Good Together. In 2010/11 all their operational Directors (the top 40 leaders in the business) and Heads of Department will also be required to set personal objectives relating to delivery of Good Together as part of their development plan. Measures to Evaluate Strategy Plan There could be many different measures that can be sued to evaluate the strategy plan but few important ones of them are mentioned as below: Market Performance of the organization Costs involved Profits generated Brand Standards Health and Safety Team turnover Customer recommendation Energy Saving Sales growth Team engagement Keeping all this in mind, the Whitbread uses a balance card approach named as WINcard to measure their performance across all key performance indicators. The WINcard measures their performance around their key stakeholders: the customers, the people, the shareholders and a more recent stakeholder addition, the community which is better known as their Good Together strategy. The WINcard aligns the day-to-day activities to the overall vision and strategy of the Company and helps to measure the progress. The WINcard has enabled a performance culture to thrive across all levels of the organization and mobilizes their people to act around shared goals. The WINcard measures are used as key indicators in personal development planning, for recognizing excellent performance, in coaching and performance management, supporting talent management and succession planning. It is a core component of their incentive framework at all levels. The WINcard educates, motivates and engages their leaders and teams across the business to focus, prioritize and deliver what is required to achieve success [Whitbread, Dec 2010] Task 6 Schedule for implementing strategy plan Strategic planning implementation is at the heart of how to make change of any kind happen in your organization. Keys to Strategic Planning Implementation Success These are the keys to effective strategic planning implementation for your business. Full and active executive support, Effective communication, Employee involvement, Thorough organizational planning and competitive analysis, and Widespread perceived need for the strategic planning. Time table for implementation The strategy that is being agreed upon is achievable but not in short span of time. Proper planning has to be done for this and a scheduled has to be prepared. Phase 1 Value enhancement Cost Reduction Operational Effectiveness July 2011 Phase 2 Growth opportunities Customer satisfaction Value added services Dec 2011 Phase 3 End to End Services Execute in emerging markets Strengthen the capital Dec 2012 Dissemination processes Activities designed to ensure that the results of the organization and its predecessors are appropriately recognised, demonstrated and implemented on a wide scale. Dissemination is also often described as a process that involves a share of results and experiences with the aim of influencing the way other people think and act, or of making them aware of a new idea, product or service. Following are some key points that should be achieved: Raise awareness in the intended target group Generate understanding and obtain the support of others in disseminating information Involve others outside your own organisation Bring about a change in attitudes and ways of thinking Bring about a change in attitudes towards customers visitors, suppliers or team members. New patterns of conduct in the target group the end users of the strategy To gain the commitment of stakeholders, the following processes need to be followed: Consider stakeholders First No matter how beneficial the change, it will take your stakeholders to implement it. Helping them understands the change and, further, gaining their support for the change will be the key. First, identify all key groups of people or individuals who will be impacted Stakeholders who feel they have helped plan the change will be more likely to help make the change because they understand how and why it will occur. Identify ways you can involve stakeholders in the implementation process. Ask them to share with the organization in full staff meeting or via a company intranet how they have successfully implemented the change. Show Upper-level Commitment Stakeholders will not support a change they feel is not fully supported by upper management. Instead, they will wait out the change, knowing that it will eventually go away to be replaced by the next change [suite101, Dec 2010] Monitoring and Evaluation systems The strategic plan document should specify who is responsible for the overall implementation of the plan, and also who is responsible for achieving each goal and objective. The following questions need to be asked while monitoring the implementation: 1. Are goals and objectives being achieved or not? If they are, then acknowledge, reward and communicate the progress. If not, then consider the following questions. 2. Will the goals be achieved according to the timelines specified in the plan? If not, then why? 3. Should the deadlines for completion be changed (be careful about making these changes know why efforts are behind schedule before times are changed)? 4. Do personnel have adequate resources (money, equipment, facilities, training, etc.) to achieve the goals? 5. Are the goals and objectives still realistic? 6. Should priorities be changed to put more focus on achieving the goals? 7. Should the goals be changed (be careful about making these changes know why efforts are not achieving the goals before changing the goals)? 8. What can be learned from our monitoring and evaluation in order to improve future planning activities and also to improve future monitoring and evaluation efforts? The frequency of reviews depends on the nature of the organization and the environment in which its operating. Organizations experiencing rapid change from inside and/or outside the organization may want to monitor implementation of the plan at least on a monthly basis. Boards of directors should see status of implementation at least on a quarterly basis. Chief executives should see status at least on a monthly basis [Management help, Dec 2010]
Subscribe to:
Posts (Atom)