Answer three question Essay Example | Topics and Well Written Essays - 250 words - 1

Answer three question - Essay Example In â€Å"Legacy† a pregnant lady gets attracted and falls in love with a hunchback and â€Å"when they went to sleep, she spooned the man right from behind, her ballooned belly found way and fitted into the created spaces by the hunch in his back† (144). The theme on â€Å"Drunken Mimi† is about the romance and binder perfectly employs imagery to capture the love as it would happen though in the most unordinary way. The strange things continue to happen, â€Å"an old male imp walking on stilts get in love with a strange mermaid whose nerve cells prolong throughout his hair. In this strange way, the male body appears to shrink at first, deforming and disappearing while the strange female body becomes a sight of sensuality, creation and continual expansion† (7). Bender brings to life the old story we would hear from our great forefathers. She is simply a legend who makes the readers feel the intensity of such unordinary sentiments, even while she strives to make us feel the triviality of the most strange and astonishing incidences. Bizarre things take place in most of these stories. Quite unimaginable things and events. Yet it is possible to see the strand of human familiarity sticking out of these stories like hair would under an old

Rogue Trader Research Paper Example | Topics and Well Written Essays - 1000 words - 1

Rogue Trader - Research Paper Example Moreover because of the high popularity of Leeson, the Bank allowed him to make his own trade settlement, which is highly unauthorized and risky in terms that the risk limit of loss is violated and the bank, has to pay margin money on a continuous basis to make up for the loss involved. Moreover the negligence of the Barings Bank management and huge dependence on Leeson caused the bank a huge loss of $1.7 billion (Krawiec, 23-26; Rogue Trader). The internal control mechanism of the Barings  bank was completely inefficient. It could be viewed by the fact that the Government body of the organization did not set any fixed limit for the position taking like position in intraday, in overnight position. Moreover the salary of the top management official were linked excessively to the speculated profit which promoted the top management official under the guidance of Leeson to take excessive position in derivative trades even risking the loss limits when led to huge losses incurred. Moreover the absence of any formal internal audit system allowed the bank to take unauthorized path of settling the huge loss in the error account (Rogue Trader). Thus there is a complete setback in the ethical standards of the bank, as the bank was more tied to the greed of the top officials putting on a huge risk for the bank as well as for its customers. The risk assessment mechanism of the bank was highly inefficient. The movie Rogue Trader shows that there was no proper outline of the risk assessment mechanism in the Barings  bank. The top officials did not set any limit about the risk tolerance level of the bank. Moreover positions taken by the officials in risky derivative trading under Leeson and drainage of money for making up for the margin calls promoted huge financial losses. Without proper internal audit system in place the reported loss was

How does macroeconomics factors affect smes in tanzania

How does macroeconomics factors affect smes in tanzania Essay one talked about how macroeconomics factors such as inflation, monetary policy, taxation and international trade affect the economy of Tanzania as a whole. As stated in essay one, this essay will discuss about how these microeconomics factors affect the small and medium enterprises (SMEs) or occasionally known as micro, small and medium enterprises (MSMEs) in Tanzania. In Tanzania (SME Development Policy, 2002), it is at present increasingly recognized that SMEs play an important job in employment contribution, income generation and stimulation of growth in both rural and urban sectors. SMEs can easily be set up given that their requirements in terms of capital, technology, management, etc. are not as demanding compared to large enterprises. SME Development Policy (2002) wrote different countries use different measures of size according to their development level. In the perspective of Tanzania, micro enterprises are those employing up to 4 employees or utilizing capital amounting up to Tshs.5 million. Small enterprises are those that are employing between 5 and 49 employees or with capital investment amounting from Tshs.5 million to Tshs.200 million. Medium enterprises are those employing between 50 and 99 employees or utilize capital investment amounting from Tshs.200 million to Tshs.800 million. The above information can be summarized using the table below: In 2002, the Government of Tanzania (quoted by Aikaeli, 2007) stated that it is estimated that about a third of the GDP originates from the SME sector and employs approximately 20% of the Tanzanian work force. This data shows that SME sector plays a significant role in the economy. According to Morwa (2006), following the privatization drive and the civil and public service reforms which began to take place in the early 1990s in Tanzania, the country observed a considerable increase in the number of SMEs over the last one decade. SME Development Policy (2002) argued that due to the existence of a number of restrictions hindering the development of Tanzania SME sector such as unfavorable legal and regulatory framework, undeveloped infrastructure, poor business development services, limited access of SMEs to finance, ineffective and poorly coordinated institutional support framework etc., the full potential of this sector has yet to be tapped. The anticipated result is to have a considerably increased contribution of the SME sector to economic development of Tanzania. Monetary policy and its contribution to the SMEs in Tanzania: As described in essay one, the Bank of Tanzania is the central bank of Tanzania and in 1995, according to Wikipedia (2010) the bank had one single main objective, which was monetary policy. One of the problems that SMEs in Tanzania face is limited access to finance. The government decided to set up the following schemes to tackle with this problem: Small and Medium Enterprise Credit Guarantee Scheme (SME-CGS): According to BOT (2010), this scheme was set up by the government during the financial year 2004/5. It is executed by the Bank of Tanzania (BOT) in alliance with Financial Institutions. SME-CGS is devised to promote and support SMEs by building up an enabling environment for expansion and making possible access to financial resources, thus speeding up economic growth and job creation. Economic Empowerment Programme (J.K. Fund): In the financial year 2006/7, the government kept aside about Tshs.21 billion. Mkukuta (2008) stated that the motive of the fund is to offer special consideration loans through normal banking practices to empower SMEs, and especially those that are in the rural and urban areas. The execution of the programme is categorized into two phases. The first phase was assigned Tshs.10.5 billion, which were issued under Credit Guarantee Scheme. The CRDB and NMB banks were selected to partake in the first phase. The second phase was also assigned with Tshs.10.5 billion, which were issued to banks and non-bank financial institutions to offer loans mostly to districts that CRDB and NMB banks were not able to cover during the first phase. According to Mkukuta (2008), as of 30th September 2008, loans worth of Tshs.39 billion were issued from the first phase allocation, whereby the CRDB bank issued about Tshs.22.8 billion and 26,384 entrepreneurs profited from this. NMB bank issued about Tshs.16.2 billion and 21,955 entrepreneurs profited from this. In total, the number of entrepreneurs that profited was 48,370. Mwananchi Empowerment Fund: This scheme was commenced in January 2008. According to Mkukuta (2008), since it was launched with limited capital resources of about Tshs.400 million, the government decided to launch the scheme in five regions in the first phase and carry on with other regions subject to the availability of funds. The first phase regions included Lindi, Mtwara, Manyara, Singida and Rukwa. A Memorandum of Understanding (MOU) has been signed between the CRDB Bank and the National Economic Empowerment Council (NEEC), whereby NEEC had agreed to deposit about Tshs.400 million to the CRDB Bank as cash guarantee. The scheme seeks to empower Tanzania citizens to access capital and loans and take part in the economic activities of the country. The following are the objectives of the Fund as given by Mkukuta (2008): Widen investment knowledge among Tanzanians Enhance employment opportunities Offer a connection among institutions, companies and corporations that are registered under the Economic Empowerment Act by bringing coordination in their activities, counseling and developing them Offer loans to private individuals, corporations and institutions under credit guarantee scheme or non-guarantee scheme. Mkukuta (2008) concluded that until 30th September 2008, a total loan worth Tshs.143,770,000 has been issued to two of the first phase regions; Lindi and Mtwara. CRDB BANK LTD TANZANIA: Masuke (2010) stated in his presentation that CRDB Bank is a private commercial bank that was set up in July 1996. CRDB Bank is one of the banks in Tanzania that cannot escape doing and expanding business with the SMEs sector. This is because of the intense competition for the small corporate market. Because of this predicament, CRDB Bank has been compelled to adjust their traditional banking philosophy and practice and seek out methodologies of dealing with the crisis built-in in financing of SMEs in Tanzania. According to CRDB Bank (Masuke, 2010), SMEs are those with: Number of staff between 1 and 100 in the midst of them are relatives of the entrepreneur Capital investment of between Tshs.5 million to Tshs.800 million Requirement of businesses loan amounting Tshs.1 million to Tshs.100 million Annual sales turnover of Tshs.20 million to Tshs.500 million One of the problems faced by SMEs is getting finance from banks. CRDB Bank carried out a survey to uncover what was hampering SMEs from accessing finance. Masuke (2010) wrote that the following were the results: SMEs sector is viewed as a high risk and costly to finance SMEs have poor auditing and accounting framework Lack of enough guarantee schemes to back-up financing SMEs Inadequate knowledge of business operations Failure of borrowers to organize and present applications/business plan that meets the banks requirements. Failure of SMEs to fulfill collateral requirements. According to Masuke (2010), the following are the initiatives that CRDB Bank took to support SMEs: Devise modified products for SMEs: The bank developed two credit products for SMEs: working capital loan and investment loan. The repayment style developed is by installments. In working capital loan, the minimum repayment period was developed to be 3months and the maximum 12months while in investment loan, the minimum repayment period is 12months and the maximum 60months. Capacity building for CRDB staff and SME customers: In building capacity for CRDB staff, the bank had to hire new staffs who specially deal with SMEs. Furthermore, all employed staffs had to go through an intensive training. In building capacity for SMEs, the bank offers free business and loan management training to SMEs. In addition, after training the trainees are provided with booklet called SME Toolkit, which can be used as a reference. Increase the range of collaterals accepted by the bank: Before CRDB Bank implemented the SMEs concept, it used to call for just traditional collateral. But now, the bank has broadened the range of acceptable collaterals to include non-traditional collaterals e.g. Residential License, properties with offer letters, used motor vehicles and machines etc. Introduction of customer relationship concept at branch level: The bank extended the relationship concept to branch level, which can allow the bank to build a strong relationship with its SMEs. The SME concept was executed as a project in 2005. Since then, the project has been a hit with remarkable growth in terms of portfolio and number of customers. International trade and SMEs: Tanzanias ability to face global economic challenges depends on the stage of development of its SMEs. According to OECD Bologna conference (2000), there are four requirements for development of competitive SMEs that meet the criteria to get involved in cross-border business: Provision of effective business support services Availability of long-term finance Availability of a good state of information and communication technology infrastructure Existence of appropriate social capital The following are the strategies that SMEs can adopt when involving in international activities (Young, 1987): Exporting Foreign direct investments (FDI) Strategic alliance Joint ventures Licensing, etc. According to Saiguran (2007), some of the problems that SMEs in Tanzania face include: Lack of appropriate information, knowledge and skills Challenge of small and competitive domestic market Inadequate and inefficient infrastructural facilities Multiplicity of taxes The following are some of the initiatives that were set up in order to promote international trade in Tanzania: The Board of External Trade (BET): This scheme was set up in 1978. The scheme is responsible for: International markets searching Synchronizing foreign businesses requiring to trade in Tanzania Sorting out and helping out involvement in overseas trade fairs, exhibitions, and missions Carrying out Research and Development on external trade According to BET (2007), since the time the scheme was set up, it has been synchronizing and carrying out training programmes in all areas of international trade, holding specialized exhibitions and carrying out market research. Mini-Tiger Plan 2020: this scheme is fed into the National Strategy for Growth and Reduction of Poverty (NSGRP). According to Aikaeli (2007), this scheme is responsible for: Promote competitiveness of Tanzanian products on the global markets Promote exports Create special economic zones. The zones that were created included: Tanzania Export Processing Zones, which was set up by the parliament Act of 2002 and Zanzibar Free Trade Economic Zones Authority (ZFTEZA), which was created in 1992 SMEs Export Credit Guarantee Scheme: this scheme was set up in 2003 by the government of Tanzania through the central bank. The aim of the scheme is to facilitate export trade. According to BOT (2006), the scheme is geared to support SMEs in line with the National SMEs Development Policy. In order to assist the mentioned above scheme in minimizing problems that are affect by SMEs in relation to international trade, the government in collaboration with private non-governmental organization (NGOs) organizes workshops and seminars to sensitize and educate people on how to cope with the existing global challenges. For example, SMEs Competitive Facility (SCF) of Tanzania organized a course with jingle Track IT, Trace IT Tanzania: Competitiveness for Tanzania. According to SCF (2006), SCF grants opportunity for businesses that desire to build up or add to their ability to trade and export. Regardless of all the problems that SMEs face in Tanzania in relation to international trade (Aikaeli, 2007), SMEs still have the potential to effectively compete and gain the benefits of the rapid expending international trade. AMKA: DAR-ES-SALAAM, TANZANIA Tomesen and Gibson (1998) stated that AMKA is a Swahili word meaning awareness or awaken. It is an NGO in Tanzania which specializes in export and marketing-oriented business development services (BDS) to Tanzania SMEs. AMKA was founded in 1994. Its main goal is to: Increase the incomes and numbers of Tanzanians (employees and/or producers) involved in exportsà ¢Ã¢â€š ¬Ã‚ ¦ [And] increase the value of agricultural output in Tanzania via exportsà ¢Ã¢â€š ¬Ã‚ ¦. (Tomesen and Gibson, 1998) In other words, Tomesen and Gibson (1998) wrote AMKAs export/market-focuses technique is to improve business performance by increasing efficiency and turnover through improved access to new markets (domestic and foreign). In quest of the goal, AMKA carries out a variety of activities that target the SME sector. These create a balancing market/export-focused portfolio of services and can basically be categorized into two groups: Training and advisory services providing training in small business development skills and business planning for export. Trade promotion and intermediary services AMKA acts as an agent between producers and customers. It offers market information on export, assist producers who need export facilities and eases the connection between the producers and alternative trade organizations, which are the customers. AMKA also helps producers and intermediary organizations to take part in trade fairs and offer ethical and quality standard audits of producers for external customers and carries out market research AMKAs key income source is the Department for International Development (DFID). In 1994, it endorsed a 4 year funding of $557,053, which was to assist in forming the organization (AMKA). Nevertheless, the awareness strategy of lessening reliance on one donor has been successful. Reliance on DFID funding has lessened from 94% in 1994/5 to 40% IN 1997/8. Important funds from other donors began to enter into the organization. The percentage of internally generated funds has risen from 5% in 1994/95 to 41% in 1997/98. According to Tomesen and Gibson (1998), AMKA successfully serves two groups of customers: SMEs in Tanzania Overseas customers These customers are mainly in two sectors: food-processing and handicraft production. The customer base is extremely different in terms of the organization structure, the number of employees, their activities and main products. The customer enterprises size ranges from 4 to 446 employees. Customer enterprises have a range of structures of ownership, which include: producer groups (groups of self-employed people), co-operative societies, privately limited companies, parastatals, and associations. Originally, AMKAs focus was to develop intermediaries (co-operatives and associations) who could, in turn, deliver services to producers. Nevertheless, AMKA has shifted deliberately towards to offering more services to producers itself directly mainly because of the weakness of these intermediaries and the complexity in increasing their ability. In general, Tomesen and Gibson (1998) concluded that it is obvious that AMKA has had a positive impact on the economy of Tanzania in general and on producers, SMEs in particular. Because of AMKA, some businesses were rescued; others, for the first time, were introduced to exports, or had export sales increased. Effects of Inflation on SMEs in Tanzania: As described in the first essay, Thompson and Vane (1979) argued that inflation can be caused by a simultaneous fall in the value of money. Inflation had continuously pressure Bank of Tanzania in the year 2009-10 due to its double digit and is expected to remain the same due to government expenditure ahead of October elections, the anticipated dry weather and the deteriorating of the shilling. The rate of inflation affects SMEs access to finance. As described in essay one, a high rate of inflation restricts SMEs from access to finance from the banks and other financial institutions while a low rate of inflation widens the SMEs chances of accessing funds. Because of this, inflation is considered as one of the factors that get in the way of the growth of SMEs in Tanzania, in a way that it puts off investors. Investors prefer to invest in countries where currencies are stable and rates of inflation are low. In order to help the SMEs sector, the central bank of Tanzania has set up a chain of strict fiscal measures to control inflation. Professor Benno Ndulu, the governor of the Bank of Tanzania (cited by Emerging Markets Business News, 2010), in an exclusive interview in Dar es Salaam said his institution was acting quickly and resolutely to turn around the rising rate of inflation. He said the bank would remain alert against the risk of higher food and fuel prices firing up the inflations upward spiral. He continued to say that increasing inflation was a worldwide happening and that the Bank was working round the clock to have power over money liquidity in the economy as one of the measures to deal with the problem. As an economics expert, Prof. Ndulu suggested that Tanzania as a nation requires to produce more food for its rapidly increasing population to trim down reliance on costly imported food products, which add up to inflationary pressures. He challenged regulators such as the Energy and Water Utilities Regulatory Authority (EWURA) and others to make certain that when prices of fuel at the global market dro p, such positive changes should be experienced by Tanzania too. The Bank of Tanzania also controls the growth of money in order to control inflation. According to Ballali (2004), controlling the growth of money enables the bank to have influence over the rates of inflation. In controlling the growth of money, the bank targets broad money, M2, which is currency in circulation outside banks, and total deposits detained by commercial banks, not including foreign currency deposits. BANK OF TANZANIA (BOT): The Bank of Tanzania is responsible for controlling the rate of inflation. Ballali (2004) wrote the objective of monetary policy is to attain a low and stable rate of inflation, which has a link with the key objective of the Bank of Tanzania, which is price stability. Therefore, the bank has an obligation of making sure that it sets up monetary conditions that are in agreement with low and stable inflation. According to Ballali (2004), the focus of the Bank of Tanzania is on the Consumer Price Index (CPI), which it uses to determine inflation. The rate of change in the overall CPI is known as the headline inflation rate. The inflation rate, not including food prices is regularly known as the non-food inflation rate. Non-food inflation rate is used to calculate price movements, which are mostly influenced by policy factors, but can also be often affected by external factors. The Bank of Tanzania also keeps an eye on food prices and their index. This is for the reason that food prices are occasionally influenced by non-monetary factors like drought and floods, which can have an effect on inflation significantly in spite of the attitude of monetary policy. The rate of change in food price index is known as the food inflation rate. Ballali (2004) stated that by controlling the growth of money supply, Central Banks have influence over inflation. The Bank of Tanzania targets broad money, M2, which is described as currency in circulation outside banks, and total deposits detained by commercial banks, not including foreign currency deposits. M2 is selected for the reason that it is the monetary aggregate that is estimated to have closest relationship with the rate of inflation. Central Banks usually have influence over reserve money (base money, or central bank money), as stated by Ballali (2004) which is directly connected to money supply in order to control the growth of M2. Reserve money is described as the liabilities of a Central Bank, which consist of currency detained outside banks and banks reserves detained by the Central Bank. Taxation and its effect on SMEs: According to Mittah (2009), there are two classifications of SMEs: SMEs formal these are potential taxpayers who comply with the tax laws, are well structured and keeps records SMEs informal these are not well structured and have complexities in keeping records. Most of the micro taxpayers fall under informal sector There are advantages in grouping taxpayers, which according to Kimungu and Kileva (2007) include: Simple to manage. Simple to recognize. Simple to educate or counsel on taxation issues. Risk minimization. Higher compliance. The tax system is unfavorable for SMEs development. According to SME Development Policy (2002), the business community has the following perception about Tanzanias taxes: The rates of taxes are higher in relation to neighboring countries in the region Taxes are many and collected by a variety of authorities including: the Tanzania Revenue Authority (TRA), some Central Government Ministries (e.g. Lands, Natural Resources Environment Tourism Energy and Minerals etc.) and Local government Authorities. These are some of the reasons why entrepreneurs are ignorant of tax matters and the cost of acting in agreement with tax regulations is regarded as high. While taxation of businesses is a requirement for national economic development, the current tax system inflicts a major weight on SMEs. The following are the strategies that are set up in order to promote compliances in paying tax by the SMEs: Simplify tax systems: for SMEs the tax system is considered to be complicated. Simplifying the tax system can promote voluntary compliance in paying tax. Mittah (2009) stated that Tanzania has opted for the introduction of presumptive tax system to reinstate income tax, VAT and stamp duties. Presumptive tax system was set up in July 2004 with the intention of minimizing the problems that are faced by SMEs taxpayers in abiding by with the laws of tax. Introduce tax incentives to foster SMEs: tax incentives like low tax rate to those who comply with the tax laws can encourage SMEs to comply and abide by with the tax laws. The Sustainable Industrial Development Policy SIDP (1996 2020): SME Development Policy (2002) reported that this scheme was set up in order to place specific stress on encouragement of small and medium industries through the following measures: Supporting current and new promotion institutions Simplification of taxation Licensing and registration of SMEs Progress access to financial services. Persuades informal sector businesses to grow and be formalized. TANZANIA REVENUE AUTHORITY (TRA): TANZANIA TRA is one of the government companies that are responsible for the application of the Value Added Tax (VAT) to SMEs in Tanzania. VAT was set up in Tanzania on 1st July 1998. Formerly, VAT was known as Sales Tax, but it was replaced because it was unable to create adequate revenue as it was narrow-based. According to TRA (2010) in Tanzania, there are two valid rates of VAT: Standard rate, which is 20% Zero rate, which is 0%. This is generally valid to exports. TRA (2010) gave the following main reasons for setting up VAT: Widen the tax base Achieve economic neutrality Encourage exports Achieve its administrative advantages According to TRA (2010), small businesses are those with yearly taxable turnover of not more than Tshs.40 million. By 31st December 2004, Tanzania had about 355,750 businesses that were registered as small size businesses. This group contributes about 0.44% to the TRA domestic revenue collections. Medium size businesses are those with the yearly taxable turnover exceeding Tshs.40 million, but whose yearly total domestic tax payments to TRA do not go beyond Tshs.400 million. By 31st December 2004, the businesses that were registered as medium size businesses for VAT were about 6,815. This group contributes about 13.2% to TRA total domestic revenue collection. Businesses whose yearly aggregate tax payments to TRA exceed Tshs.400 million are categorized as large taxpayers. TRA has registered about 200 businesses as large taxpayers, including non VAT registered traders such as banks and insurance companies, which entirely deliver free from VAT services. This group contributes about 18% o f TRA total domestic revenue collections. From July to December 2004, about Tshs.2,015.2 million of presumptive tax was accumulated from small businesses. TRAs target was to accumulated tax amounting to Tshs.2,887.3 million, leading to a performance rate of 70%. The key reason for not accomplishing their target was caused by the administrative complicatedness of monitoring the businesses under the informal sector, who do not keep records. About Tshs.60,084.8 million was accumulated from medium size businesses during the first half of Tanzanias financial year 2004/5. TRAs target was to accumulated tax amounting to Tshs.59,212 million, leading to a performance rate of 101%. TRA (2010) stated the following were the reasons for good performance from the medium size businesses: There was close follow-up of monthly tax collections in which the estimated collections are verified by 15th of every month. Recovery of outstanding amount of tax Effective audits Close monitoring of those businesses who do not keep records Tight controls over special free of VAT and VAT repayments Staff training Carrying out of the Departmental Actions Plans The challenges facing Tanzania with respect to taxation of SMEs are in particular to those in the formal sector. Kimungu and Kileva (2007) listed the challenges as: Identification Registration Non compliance Poor of non record keeping Kimungu and Kileva (2007) stated in order to tax SMEs, the TRA has engaged in various activities: Taxpayer education and sensitization Block management system door to door survey Presumptive approach to taxation Assessment procedures Collection formalities and procedures. Conclusion: An assessment of every feature involved in macro-economy i.e. inflation affects, implications of taxation, role of monetary policy and role of international trade suggest variable results. Research has revealed that the SME sector plays a significant role in the economy of Tanzania. The results showed that a third of the GDP originates from the SME sector and employs approximately 20% of the Tanzanian work force. Research has also shown that SME sector has many challenges, which need to be addressed effectively. Given the significance of the sector and the need to transform it to a vibrant and dynamic one, it is essential to put in place strategies that will ease the elimination of those challenges so that it can achieve the desired results. One of the problems that SMEs in Tanzania face, in relation to monetary policy is limited access to finance. This problem exists because the SME sector is viewed as a high risk and costly to finance sector. In order to try eliminating this challenge, the government in collaboration with other financial institutions developed schemes such as SME-CGS, J.K. Fund, etc. which were set up with a main objective of helping the SME sector to have access finance. SMEs also face challenges with international trade. The challenge is caused by SMEs lack of knowledge, information and skills needed to effectively compete in a global environment. Apart from setting up different schemes that tackle this challenge, the government in collaboration with private non-governmental organization (NGOs) also organizes workshops and seminars to sensitize and educate people on how to cope with the existing global challenges. Inflation is considered as one of the factors that get in the way of the growth of SMEs in Tanzania, in a way that it puts off investors. Investors prefer to invest in countries where currencies are stable and rates of inflation are low. The rate of inflation also affects SMEs access to finance. A high rate of inflation restricts SMEs from access to finance while a low rate of inflation widens the SMEs chances of accessing funds. In order to help the SMEs sector, the central bank of Tanzania has set up a chain of strict fiscal measures to control inflation. The tax system is considered as being unfavorable for SMEs development. Business community perceive the rates of Tanzania taxes as being high, complicated and that taxes are many and collected by a variety of authorities. In order to tackle this problem, the tax system need to be simplified so that the SME sector can understand how the whole system works and introduction of tax incentives to foster the SME sector to comply to tax laws.

Slavery in Aristotles Works Essay example -- Aristotle Philosophy Sla

Before a serious investigation of any aspect of Aristotle’s political theories is undertaken, we must take a moment to acknowledge that many of the institutions and doctrines he defends have been repudiated in modern political thought. In fact many such institutions are appalling and simply morally wrong. One such institution is slavery. Aristotle argues in the Politics that slavery is just. No argument is needed to conclude that Aristotle made a terrible ethical and moral error in defending slavery. Further we must accept that the argument of the abolition of slavery was available to him as his defense of slavery is in response to critics who claim slavery is unjust. What sparks intriguing debate is questioning why Aristotle defended slavery, and whether there is a flaw in Aristotle’s logic in his defense of slavery, or if it is in fact internally consistent with the rest of his writings on justice and virtue. Some scholars have claimed that Aristo tle’s defense of slavery is a â€Å"battered shipwreck† of an argument. Yet, others maintain that the argument is in fact internally consistent. Any argument in favor of Aristotle’s defense of slavery is not in any way meant to morally support the institution of slavery; only that Aristotle used proper or unflawed logic in that argument. Likewise any argument against Aristotle’s defense is not a moral judgment toward slavery by this author. I am only concerned in how Aristotle builds his argument, and where flaws or contradictions may be located. Consideration of the context of slavery within Greek life of Aristotle’s time is also of importance. Any investigation or commentary on Aristotle’s slavery argument must first begin with the context of slave... ...s two separate, distinct entities. As intimated above, he more likely viewed them as a duality, that is, that they are part of one another. They were also, in the larger sense, part of the life of the household, as the household was part of the polis. However, this duality was strictly one way. It seems clear that he perceived the slave to be part of the master, not the other way around. But again, this was justified by Aristotle’s ultimate virtue, reason. To the extent that the master is seen as imbued with superior intelligence and understanding, it was his duty if not right to provide guidance to those less fortunate by birth. It is perhaps ironic that the justification of the benevolent dictatorship, so prevalent during imperialistic adventures by colonial countries, perhaps found its philosophical roots in the so-called democratic city-states of ancient Greece.

Life of Pi Existentialist Examination

Is Life of Pi Existentialist? There are two views of existentialism, that of the more popular atheistic view, and that of the theistic view (Sartre Lecture). In the book Life of Pi, by Yann Martel the main theme of the book is religion, with the main character being of multiple religions: Hinduism, Christian Catholicism, and Islam. (Martel). Life of Pi is both Existentialist and non-existentialist, in both the atheistic and theistic views because of specific religious beliefs, abandonment of religion, despair, and the ultimate use of human instinct for survival.I would first like to begin by giving brief explanations of both sides of existentialism, because both do apply to this book, even though the main theme is religion. The main idea of existentialism is that of â€Å"existence before essence† (Sartre Lecture). By this, they mean that we define ourselves as what we are by our own actions and free will. We exist before our essence, or our determined character, because we de termine it for ourselves by our own doings. â€Å"In the book Life of Pi, by Yann Martel the main theme of the book is religion.The theistic view of existentialism can basically be summed up by this quote: â€Å"When we think of God as the creator, we are thinking of him, most of the time, as a supernal artisan† (Sartre Lecture). By this, they mean that theists view god as the all powerful creator. He created man with a specific idea in mind, and he knew what we would do and create. â€Å"God creates he knows precisely what he is creating† (Sartre, Lecture. ) He knows the past, present, and future, and will not allow us to be defined by our human nature.Human nature was simply a side effect, to allow us to understand possibly why and how we are, but we can’t let it define ourselves as humans. Our intellect and creations define us as who we are, not our natural instinct. Therefore, we cannot blame something on instinct and human nature, because god did not creat e us to do that. He created us to innovate. And as intellectuals, it is our job to realize what we are here for, and to fulfill god and ourselves as human and not to let petty biological needs hinder our knowledge.It is our job to differentiate ourselves from one another, because we all have the same human nature and basic needs, and if we did not use our minds to create an image for ourselves, we would all be the same. On the other hand, the atheistic view, â€Å"Atheistic existentialism, declares with greater consistency that if God does not exist there is at least one being whose existence comes before its essence, a being which exists before it can be defined by any conception of it. That being is man or the human reality† (Sartre Lecture).This is saying that there is no human nature, because there was no god to conceive humans, or the idea of human nature. Man just simply is, and there is no meaning to life or existence unless they give meaning to it. They decide who the y are and who they want to be, or if they are anything at all, and there is no god to have decided what humans will be because he does not exist himself. â€Å"Man will only attain existence when he is what he purposes to be. Not, however, what he may wish to be† (Sartre Lecture).Man does not have existence unless he creates it for himself, therefore counteraction the theistic view, and saying that essence is before existence. Your essence allows you to exist. Within Life of Pi, there are many things that point to it being possibly theistically existentialist. For example, one of the three religions he believes in is Hinduism, which the aspect of reincarnation and karma are greatly important in. Reincarnation is the belief that your soul is passed down through many physical forms, and karma determines what physical form your soul will take on in the next life.This follows with existentialism because it is the thought that you are not tied down by your physical attributes, but you are defined by what you do in life and what image you create for yourself, and gods ultimately decide what physical form you will take on. Therefore, you cannot be defined by what physical form you have or human instinctual needs. It is your job to see beyond that. Another thing that Pi does that coincides with theistic existentialism is that of when he is abandoned on the boat, he still continues to pray five times a day (Martel).Yes, other actions that he committed on the boat proved otherwise to be non-existential, but he remained hopeful by praying on the boat for quite a while, feeling that he was not yet abandoned by god and did not completely succumb to his human needs and solely focusing on survival. Moving on to ways that the book is non-existentialist, I believe that the book was far more non-existentialist from the theistic view. One of the ways was how Pi was the denomination of Catholicism (Martel), which is a denomination of Christianity that does not believe in f ree will.They believe that free will is a denial of grace, or the denial that God created humans in the image of himself, which is pretty much the exact opposite of existentialism itself. Existentialists believe that god gave man the power of free will because he knows what they will do with their free will, and there is no denial of the image of god. Another way that Life of Pi is not existentialist is when he is on the boat, and commits acts of human instinctual survival. He goes against his beliefs to survive.An example of that is when he goes against his vegetarianism and love of animals to drink the turtles blood (Martel). This is abandoning your beliefs and self image to survive, and just giving into human instinct, which brings me to another topic of atheistic existentialism: anguish, abandonment, and despair (Sartre Lecture). â€Å"Anguish† is basically describing that, when a man decides for himself, he is not only deciding something for himself, but that of all mank ind because he is representing them all as a whole because all of our decisions define us (Sartre Lecture). Abandonment† is saying that we cannot depend on god to give us moral guidance. We have to have our own moral, and not look to god and holy books to decide what we do in life (Sartre Lecture). â€Å"Despair† basically means that there should be no despair, because there is no limit as to what we can do. If there is no god, there is no all-powerful being, and then there is no one to decide our limits for us. Therefore, we cannot be in despair, for the possibilities are endless (Sartre Lecture). They all seem to counteract the belief in god, so in the atheistic sense, Life of Pi isn’t existentialist at all.He became a bit absorbed with himself, and not mankind while he was on the boat. He did not care about the animal he killed, and went with human instinct, thus only caring about himself. He depended on his multiple gods for guidance, and also expected them t o help him while keeping up with prayer five times a day (Martel). In conclusion, I believe that Life of Pi is non-existentialist as a whole. Too many things point to it being non-existentialist in the theist sense, and pretty much all things point to it being non-existentialist in the atheist view.Reincarnation and Karma seem to coincide with that of existentialism, as well of his perseverance with faith. But that same perseverance counteracts that of the atheistic view, with anguish, abandonment, and despair. He also showed true human instinct by going against his instincts to survive. I believe that the non-existentialist aspects definitely outweigh the existentialist ones. Works Cited Martel, Yann. Life of Pi. Orlando: Harcourt, Inc. , 2001. Print. Sartre, Jean Paul. Philip Mairet, trans. â€Å"Existentialism is a Humanism. † Lecture given in 1946. Web. 11 December 2012.

Paradise Lost Essay

Paradise Lost is divided into twelve books. In Book I Milton explains the theme of his work, man’s disobedience to God, his expulsion from Heaven and the story of the rebel angels sent to Hell. In Book II the angels meet in council to decide what they will do. In Book III God makes a speech on man’s freedom to choose between good and evil. In Book IV Satan observes the happiness of Adam and Eve in the Garden of Eden. In Book V God sends Raphael to warn Adam. In Book VI the war in Heaven in described. Book VII and VIII tell the story of the creation of the Earth and the universe. In Book IX Satan persuades Adam and Eve to taste the forbidden fruit. In Book X God’s Son pronounces the sentence of expulsion. In the last two books Adam and Eve abandon paradise. Paradise Lost is an epic poem. Milton chose the epic genre because of the greatness of the subject. He follows the typical epic conventions in his masterpiece, such as the opening with the statement of the theme. This epic takes place in the universe, in Heaven, Hell and Eden. The main characters, God, Satan, Christ, Man and the fallen angels remind the warriors and heroes of the classical epic, even though they are more philosophical heroes. Milton knew the Copernican cosmology but he based the universe of Paradise Lost on the traditional Ptolemaic system because he thought that this conception was fixed in the minds of the people and it had limits within which it was easier for him to work. In Milton’s Heaven God created the Earth, fixed in the centre of the Universe, and he put his life and thoughts in the natural world so that the external reality reflects the divine soul. In Paradise Lost evil and good are opposed. However, Satan has many characteristics of the epic hero, courage, leadership, initiative. Milton has sympathy for his Satan because he himself was a rebel against the political and religious authority. Both Milton and Dante said that their works had divine inspiration but they had contrasting ideas about Satan’s physical appearance and meaning. Dante’s Satan becomes a means of punishment and it resembles a mythic monster, with wings and three heads. Milton’s Satan is a symbol of God’s justice and it takes several forms, first it is a fallen angel, then it has an inhuman form and finally he becomes a snake. The style of the poem is elevated, the poet used a new kind of magnificent blank-verse.

Free Essays on Medusa

Medusa’s Myth Long ago, on the island of Guana, there lived two elderly Gods, Phorcys and his wife Ceto. For a long time they had been waiting for a child. Finally, to there delight, Ceto gave birth to not just one, but three beautiful daughters named Stheno, Eurwale, and Medusa. The daughters where so beautiful that they could attract any and every man they saw. Although this was a very useful factor, it also had its downsides. One of them was that the ugliest of the ugly where attracted to them as well. One night, as the wonderful family of five slept, the women of the island plotted against the three beautiful sisters. The next morning, the women of the island had the ugliest of the ugly men chase the three sisters out of there house. As the sisters ran, each chose their own path. Stheno ran north, Eurwale ran south, and Medusa ran east. Eventually Medusa came across Poseidon, supreme God of the sea. As Medusa began to explain her story, she spotted the men and women of the island coming after her. When Poseidon saw them, he created a massive title wave, destroying the boat of villagers and temporarily saving Medusa. After a short time, Medusa thanked Poseidon and planned to meet each other at the temple of Athena in two weeks. Eventually those two weeks passed and Medusa went to meet Poseidon at the temple of Athena. This meeting marked the beginning of Medusa and Poseidon’s 3 year long affair. During this affair, the goddess of wisdom, Athena, became jealous of Medusa’s beauty. As time passed on, Athena’s jealousy turned to an addiction and a hate like no other. Eventually, Athena came up with a plan to ruin Medusa and her family. Athena summoned Poseidon to come to her and when she did, she began the process of ruining Medusa. Athena tricked Poseidon into thinking Medusa was having a separate affair with the God of the underworld, Hates. At this, Poseidon became enraged and depressed at the same time. At his next e... Free Essays on Medusa Free Essays on Medusa Medusa’s Myth Long ago, on the island of Guana, there lived two elderly Gods, Phorcys and his wife Ceto. For a long time they had been waiting for a child. Finally, to there delight, Ceto gave birth to not just one, but three beautiful daughters named Stheno, Eurwale, and Medusa. The daughters where so beautiful that they could attract any and every man they saw. Although this was a very useful factor, it also had its downsides. One of them was that the ugliest of the ugly where attracted to them as well. One night, as the wonderful family of five slept, the women of the island plotted against the three beautiful sisters. The next morning, the women of the island had the ugliest of the ugly men chase the three sisters out of there house. As the sisters ran, each chose their own path. Stheno ran north, Eurwale ran south, and Medusa ran east. Eventually Medusa came across Poseidon, supreme God of the sea. As Medusa began to explain her story, she spotted the men and women of the island coming after her. When Poseidon saw them, he created a massive title wave, destroying the boat of villagers and temporarily saving Medusa. After a short time, Medusa thanked Poseidon and planned to meet each other at the temple of Athena in two weeks. Eventually those two weeks passed and Medusa went to meet Poseidon at the temple of Athena. This meeting marked the beginning of Medusa and Poseidon’s 3 year long affair. During this affair, the goddess of wisdom, Athena, became jealous of Medusa’s beauty. As time passed on, Athena’s jealousy turned to an addiction and a hate like no other. Eventually, Athena came up with a plan to ruin Medusa and her family. Athena summoned Poseidon to come to her and when she did, she began the process of ruining Medusa. Athena tricked Poseidon into thinking Medusa was having a separate affair with the God of the underworld, Hates. At this, Poseidon became enraged and depressed at the same time. At his next e...

How to Use Apostrophes - Proofread My Papers Academic Blog

How to Use Apostrophes - Proofread My Papers Academic Blog How to Use Apostrophes There are two main ways to use apostrophes: to indicate possession or in contractions. You might think that this is a minor issue of punctuation, but correct use of apostrophes helps ensure your written work is clear. Indicating Possession Apostrophes are how we indicate in writing that something belongs to someone or something else. For example, if we were writing about a car owned by Nigel we would add an apostrophe and an â€Å"s† like this: After breaking down on the freeway, Nigel’s car needed extensive repairs. The same rule applies when describing a quality possessed by or element of something: The car’s top speed was 210 km/h. The exception to this rule is possessive pronouns (such as â€Å"its,† â€Å"his† and â€Å"her†), which do not require an apostrophe. So, for example, the pronoun â€Å"it† becomes â€Å"its† when indicating possession: Nigel loved his car: its top speed was 210 km/h. It’s worth noting that words which already end with an â€Å"s† can be modified with either just an apostrophe or an â€Å"-’s†: Angus’ grammar was always perfect. Angus’s grammar was always perfect. Both of the above are acceptable; just remember to aim for consistency throughout your work. Indicating Contractions A contraction is an abbreviated version of two words. We use an apostrophe in contractions to indicate missing letters: Do not → Don’t I have → I’ve You are → You’re Another common contraction is to add an â€Å"-’s† to a word when it’s followed by â€Å"is† or â€Å"has†: David is running late → David’s running late His car has broken down → His car’s broken down It’s important to remember here that â€Å"it is† and â€Å"it has† become â€Å"it’s†. An apostrophe should therefore only be added in â€Å"it’s† when used as a contraction rather than a possessive. Its also worth noting that contractions are generally not considered appropriate in formal writing. Plural Nouns Not every word ending in an â€Å"s† requires an apostrophe. When pluralizing a word, for instance, you don’t need to include an apostrophe before the â€Å"s.† As such the plural of â€Å"dinosaur† is â€Å"dinosaurs† (not â€Å"dinosaur’s†). Likewise, the plural of â€Å"banana† is â€Å"bananas† (not â€Å"banana’s†). Hopefully this has clarified a few things about how and when to use apostrophes. But since it can be easy to overlook a misplaced apostrophe, it’s always a good idea to have a professional double-check your work.

Biography on a Classmate

He currently goes to Hicks High School, where his mother graduated from. His dad, however, did not go to Hicks, but instead went to a high school in Georgia. Besides his dad, his other family members have went and graduated from Hicks. He enjoys going to school at Hicks. He likes going to learn about new things from all of his teachers. While talking to some of his classmates about him, I have learned a few things. Some say that he a very quiet guy and that he should work as a security guard for Abercrombie amp; Finch. Others say he is a good friend and funny once you get him to talk to you. Joycelyn, however, said, â€Å"Jody is very quiet in class, but outside of school when he does talk he is very funny. He also never gives anyone any trouble, and is a very easy guy to get along with. Unlike most of the guys that out there. † So if you know him out of school, then you would say that Jody is a good guy to talk too, but in school he won’t talk to you very much. He likes to play sports at his school. Jody plays baseball and runs cross country. They are the two favorite sports that he likes to play. He likes to run cross country, so that by the time it gets to baseball season he will be in shape. He also likes to run cross country because it helps get some frustration and anger out of his system. The sport that he loves the most is and will always be baseball. Ever since he was able to pick up a baseball he has played. Throughout the years and with the guidance of his cousin Aaron, saying â€Å"he would never be as good of a baseball player as he was,† must have paid off. He and his team won the Class C State Championship for the thirteenth time in 2011. Whenever he and his team won the thirteenth Class C State Championship, they experienced the best feeling that they could have ever felt in life so far. The baseball team was pretty excited about playing in the championship game again, since the last time they played the got beat out in the semifinals. Early that morning some of the cheerleaders went and set up signs along highway 28, while the baseball team ate their game-day breakfast. These were signs wishing the boys good luck and to bring home the thirteenth title for our school. When they saw what the cheerleaders had done, they told us thank you and that it made them want the championship more than ever. On the way there, they got themselves pumped and ready to play some ball. Whenever the game started, some of the cheerleaders and fans were already pumped up and cheering them on. It must have help because in the first few innings they got a big lead against Family Christian Academy. Then they started to relax and act like they had the game in the bag already. Most teams would have given up if they were in Family Christians situation. Family Christian, however, wasn’t giving up that easily. Instead, they stayed calm and fought back. Top of the ninth, Hicks was still ahead. One of our guys on the field messed up and they scored one or two runs. That gave Family Christian some faith and energy to score more runs. Two outs this would be Family Christians last batter if Hicks could get the last out. With one of their better hitters up, he swung and missed. †Strike one,† says the umpire. Our pitcher takes a few breaths, and pitches again. â€Å"Ball one,† says the umpire. The count being 1-1, Coach Gary had to make a decision. Try to get the batter to chase after something, or to let our pitcher pitch his game and pitch another strike. â€Å"Ball two,† says the umpire, now they had no decision on whether or not to pitch a strike or ball. Here comes the pitch, swung and hit to third baseman, Ty Helton. With the game on the line, Ty fielded it without any bobbles and threw to toward first baseman, Ty Williams. Ty Williams barely could think straight, knowing that if he dropped this ball and they lost the game, his teammates and coach would be upset with him. Ty ended up catching the ball and getting the last out, to end the game 10-9. As a fan of that game, I would have loved to get a picture of all the players faces after getting the last out and being astonished that they had won the thirteenth state title for their school in Class C. Like always, at the end of the game Hicks did a dog pile in the middle of the field. The joy and astonishment that was in those players will never be forgotten by them. Last year, however, they didn’t do too well. They ended up losing out second round playoffs against Converse, 3-2. This year coming up should be an awesome year for them, and they should go far. Besides going to school and playing baseball, he likes to hunt, go four-wheeler riding, hang out with his friends, play video games and also spending time with his family. Over the summers Jody and his family have traveled to all of the states, except for Hawaii and Alaska. He hopes to one day be able to explore the other two states and see how much different their way of living and how their cultures and beliefs are different from the southern states. While he was growing up he loved spending time with his grandpa. I have never heard of anyone that reminds me of him. The reason why is because his grandpa has owned more than 50 trucks at most since he was born. I would definitely think that out of all of his family members his favorite three family members would be his mom, grandpa, and his cousin Keith. The reason I would say this is because Keith played in the National Football League and of course his mom because she has always been there for him. As for his other family members, he does appreciate having them and loves them very much. When he’s around them though, his true personality comes out. He goes from being shy and not talking very much, to him being very sociable and acting like he enjoys them being there for him and having them as company. Once he warms up to the strangers and starts to get to know them a little better he won’t be as shy. His future plans are to graduate from high school, but basically to live life every day to the fullest because you never know when you last day may come. After graduating from high school, he doesn’t know what he wants to do as far as the type of job that he may want or that he may be good at. He also plans to live in Hicks, Louisiana near his parents live. He hopes that one day he may get his dream car, which is a Roadrunner, with the money from whatever job he may get. Whatever other plans he may discover or think of after high school will enable him to obtain and succeed. If Jody would apply himself to things more in school or in life, like he does in baseball he will be able to succeed in the job area or profession that would suit him well and also allow him to make him a good bit of money.

European Court of Justice Essay Example | Topics and Well Written Essays - 2500 words

European Court of Justice - Essay Example This case was a landmark in the history of the ECJ and the conclusion drawn was "the Community constitutes a new legal order of international law for the benefit of which the states have limited their sovereign rights, albeit within limited fields, and the subjects of which comprise not only Member States but also their nationals". The ECJ also held that either an individual or a firm can depend on the provisos of the accords against the national government and its rights are enforceable in a domestic court. The legal footing for the conclusion in Van Gend en Loos is very disputable. The Court interpreted Article 12 as meaning to bestow rights on individuals. The Court cited the Preamble, which mentions citizens and also States, and to the introductory indication system in Article 177 (which is now Article 234). This very clearly predicts that parties can bring up queries of Community law in the national courts. Actually here the general wording of the EC accord can be interpreted as one that inflicts direct effect and develops personal rights to be protected by the national courts.2 The court had implemented and elaborated direct outcome to include secondary legislation, especially the directives (Miriam Lenz, et al 2000, p.509). In fact the court had actually stated that the impact of a directive "would be weakened if individuals were prevented from relying on it before national courts and if the latter were prevented from taking it into consideration as an element of Community law."3 It is clear that the conception of direct consequence is one of the most essential legal doctrines created by ECJ (Prinssen and Schrauwen, 2002). The loyalty principle stated that the Member States had to obey their principles.4 As a result the national courts had a duty based on the principle of supremacy to give priority to community law when a disagreement arose with national law. Under these circumstances the community law would have to be applied directly in a legal challenge. Thus the effet utile, of EC law as a result called for the national courts to enforce community law in the circumstances where it was appropriate (Paul, and Grainne, 2003). This adaptation of the Court that a proviso of a directive has the capacity of being dependent even in legal proceedings amid individual parties has in reality blurred the inhibition of the horizontal direct outcome of directives. Fundamental policy The primary policy rationale for rejection of horizontal direct impact of Directives in Marshall5 was only a textual controversy. The ECJ adjudged that a Directive cannot be dependent against an individual since, "according to Article [249] of the EEC Treaty, the binding nature of a directive, which constitutes the basis for the possibility of relying on the directive before a national Court, exists only in relation to 'each Member State to which it is addressed"'6 The ECJ further states that "a directive may not of itself impose obligations on an individual and that a provision of a directive may not be relied upon as such against such a person". This conclusion formed the basis for succeeding case law. On close scrutiny three important problems can be reasoned out. A.G. Jacobs in Vaneetveld v Le Foyer SA7 stated that the approach as laid down by ECJ is difficult to resolve with the judicial interpretation to certain Treaty as also openly directed to the Member State. Thus in the Defrenne case8 the

Networking Assignment Reflection Paper Essay Example | Topics and Well Written Essays - 500 words

Networking Assignment Reflection Paper - Essay Example e is really passionate about market research, has a strong sense of responsibility, and very much knowledgeable about the situation of the different industries in the market. I believe that her professionalism enables her to generate interviewees from industry players and trade associations. Her innate passion for market research coupled with her strong sense of responsibility allows her to finish each project to the best of her ability. These values also encourage her to work amidst the difficulties in data gathering. Her interest in the market and knowledge on how it operates makes her as a credible source and enables her to giver accurate reports. Written skill is a very important requirement for her job because it enables her to communicate her knowledge about the market. The ability to make rational forecast on the market will perform is also important as it is a very crucial part of the industry reports. The capability of gathering data and analyzing them are keys to having accurate results. Compared to the interviewee, I am more comfortable in verbal communication than writing out my ideas. Being inexperienced, I am not adept in making forecasts about industries. However, I am also confident of my skills in gathering data and analyzing them. I love to do researches even though I know that I still need to learn more about judging the quality of the data and how they can be used in order to come up with rational results. I have always been interested in market research yet I am not really motivated to pursue this profession when given a chance. What I really want when I choose this interviewee is how various think-tanks like AC Nielsen come up with the market reports which they present to business organizations. Also, interviewing a market research analyst enabled me to understand her work and the important characteristics needed to excel in her career. The primary challenge when approaching an unknown professional is the fear of being rejected. Noting

DUI Task Force Experiment Essay Example | Topics and Well Written Essays - 750 words

DUI Task Force Experiment - Essay Example The Following is a research study to compare the effectiveness of specialized training with that of unspecialized training in improving the efficiency in which the 12 units of the DUI task force prevent DUI related offenses. The researcher tests the management skills of 12 specialized officers, and that of 12 unspecialized officers. He thereafter randomly assigns them to two groups of 12 people each. One group consists of specialized trained officers, and the other group consists of unspecialized officers. In this case, the control group will be unspecialized officers, while the treated group is the specialized officers. In conducting the research, the following methods of data collection will be used. This involves perusing through the records of various officers under experimentation, to find out their efficiency in conducting their duties. This will also involve a look at the tickets issued during the last six months, of the year 2012. This will help in ascertaining the natures of DUI offenses that were common, and how efficient the officers under experimentation managed to reduce them (Dunning, 2012). 1) There is a risk of one group imitating the experiences of another group under comparison. This takes place when for instance the control group, which comprises of unspecialized officers, learns about the program, and tries to imitate the results that come from the treated group. This imitation can affect the posttest performance of the unspecialized officers who fall within the control group. The effect of this is that it will not produce an accurate result of the experiment. 2) Another threat to the internal validity of the program is rivalry among the treated group and control group in relation to compensation. This occurs when there are differences in compensatory packages amongst the control and treated groups. For instance, the unspecialized officers might see the specialized treatment that the specialized

Supply chain management Essay Example | Topics and Well Written Essays - 500 words - 10

Supply chain management - Essay Example ght together a wide range of best practices with downstream and upstream partners, collaborative practices, innovations in demand forecasting, and integrated business planning, as well as research based operation techniques (Green, 2013). Unilever’s supply chain management can be termed to be a collaborative one. The collaborative supply chain management is effective in the management activities ranging from supplier selection, environmental scanning, monitoring, and auditing and supplier development (partnerships) (Brammer et al. 2012). Both supply and demand repository stages depend on forecasting as the main source of data that determines by the products in demand and availability from the stores. The production stage adopts push technique that is based on aggregate customer demand forecasts to reduce the uncertainty of stock-outs, safety, and effective resource use and cost minimization (Brammer et al. 2012). Consequently, distribution relies on pull technique for all replenishments required by its distributors through the use of customer relationship management. On the other hand, inventory optimization techniques are adopted in the planning and scheduling to determine the quantity and the time frame for production (Nardone & Monahan, 2007). Unilever believes that partnerships in its supply chain management are essential practices because it is a powerful technique to deliver customer experience and value proposition (Unilever, 2012). The main partners include Barry Callebult a main partner in cocoa, Givaudan, The Dow Chemical Company, Metsa Board Corporation, WRI, LEAF, ALPLA, CCL Label, SAP & Accenture and Linfox Logistics. These partners help in business development, world class business support, capacity development, sustainability and business innovation in Unilever (Unilever, 2012). Unilever also aimed to increase its transparency of essential commodity supply chains that is aimed at helping terminate tropica deforestation through its partnership

The Legal Environment of Business Essay Example | Topics and Well Written Essays - 1000 words

The Legal Environment of Business - Essay Example Some of the major cost that is to be paid by the company while launching IPO includes expenses that are incurred for legal services, underwriter’s commission, printing costs, accounting services and personal marketing. Other legal factors include the loss of control, flexibility and confidentiality as all the necessary regulations are governed by SEC after the company gets publicly limited. Dilution of ownership results in disgruntling management. From economic point of view, the company faces a lot of pressure from the unsteady and unstable position of the economy of a country. When any news regarding the company is revealed on media, it impacts the IPO or share price of the company. Company also faces pressure to maintain and enhance its quarterly earnings as the public invests by verifying the financial position of the company. Several other economic and legal factors affect the company’s decisions while launching IPO. It is necessary to keep all the information into account as any discrepancy can lead to a discounted price of share. Labour Laws and Employment Labour laws can be defined as those laws and regulations that are defined for the employees in order to protect their rights from employer retaliation and reporting the violations to the legitimate authorities. Employment and labour policies are shaped by the countries in which they operate. However, in most of the countries the employment and labour laws are based mainly on the international standards. Due to this reason, companies do not get much influenced by the labour laws and policies. Yet, it has a certain amount of influence because the laws and policies are not precisely same. Some major criteria that labour laws of every country follow include: Freedom of assembly and speech Protection of right to sue Dues, Fees, Initiation and Assessment When companies start to expand domestically and internationally, they face some sort of discrepancies. As a company grow, the employee policy manual must grow with it. Simply being aware of what is right or wrong is not enough. Implementing these practices is also vital for the healthy growth of the companies. Fredman (1997) provided comprehensive study on the importance of labour laws in the dynamic and fast changing world. The study provided different perspective of modifications in labour law as per the changing economic and social condition of the country. Should the labour law be refashioned while protecting the worker’s right or should it be flexible enough by removing the employment protection? In my mind, it all depends upon the condition of the economy of a country and the extent to which it allows labour right protection and employee’s rights. Globalization has caused many companies to expand their business domestically and internationally. Without doing so, it is not possible to for the companies to compete with other companies. Brussels (2006) in his report mentioned the ways of â€Å"modernisin g the labour laws for the 21st centuries†. He stated that the traditional model is not suitable for all workers for adapting change and utilizing the opportunities that are offered by globalization. (Modernizing the labour laws for the 21st centuries, 2006) A report named as â€Å"The employment relationship: Overview of challenges and opportunities, (2006)† showed employment and labour law challenges faced by the company while expanding internationally and domestically. The profound changes that occurred in the work world especially in the labour

DUI Task Force Experiment Essay Example | Topics and Well Written Essays - 750 words

DUI Task Force Experiment - Essay Example The Following is a research study to compare the effectiveness of specialized training with that of unspecialized training in improving the efficiency in which the 12 units of the DUI task force prevent DUI related offenses. The researcher tests the management skills of 12 specialized officers, and that of 12 unspecialized officers. He thereafter randomly assigns them to two groups of 12 people each. One group consists of specialized trained officers, and the other group consists of unspecialized officers. In this case, the control group will be unspecialized officers, while the treated group is the specialized officers. In conducting the research, the following methods of data collection will be used. This involves perusing through the records of various officers under experimentation, to find out their efficiency in conducting their duties. This will also involve a look at the tickets issued during the last six months, of the year 2012. This will help in ascertaining the natures of DUI offenses that were common, and how efficient the officers under experimentation managed to reduce them (Dunning, 2012). 1) There is a risk of one group imitating the experiences of another group under comparison. This takes place when for instance the control group, which comprises of unspecialized officers, learns about the program, and tries to imitate the results that come from the treated group. This imitation can affect the posttest performance of the unspecialized officers who fall within the control group. The effect of this is that it will not produce an accurate result of the experiment. 2) Another threat to the internal validity of the program is rivalry among the treated group and control group in relation to compensation. This occurs when there are differences in compensatory packages amongst the control and treated groups. For instance, the unspecialized officers might see the specialized treatment that the specialized

The Legal Environment of Business Essay Example | Topics and Well Written Essays - 1000 words

The Legal Environment of Business - Essay Example Some of the major cost that is to be paid by the company while launching IPO includes expenses that are incurred for legal services, underwriter’s commission, printing costs, accounting services and personal marketing. Other legal factors include the loss of control, flexibility and confidentiality as all the necessary regulations are governed by SEC after the company gets publicly limited. Dilution of ownership results in disgruntling management. From economic point of view, the company faces a lot of pressure from the unsteady and unstable position of the economy of a country. When any news regarding the company is revealed on media, it impacts the IPO or share price of the company. Company also faces pressure to maintain and enhance its quarterly earnings as the public invests by verifying the financial position of the company. Several other economic and legal factors affect the company’s decisions while launching IPO. It is necessary to keep all the information into account as any discrepancy can lead to a discounted price of share. Labour Laws and Employment Labour laws can be defined as those laws and regulations that are defined for the employees in order to protect their rights from employer retaliation and reporting the violations to the legitimate authorities. Employment and labour policies are shaped by the countries in which they operate. However, in most of the countries the employment and labour laws are based mainly on the international standards. Due to this reason, companies do not get much influenced by the labour laws and policies. Yet, it has a certain amount of influence because the laws and policies are not precisely same. Some major criteria that labour laws of every country follow include: Freedom of assembly and speech Protection of right to sue Dues, Fees, Initiation and Assessment When companies start to expand domestically and internationally, they face some sort of discrepancies. As a company grow, the employee policy manual must grow with it. Simply being aware of what is right or wrong is not enough. Implementing these practices is also vital for the healthy growth of the companies. Fredman (1997) provided comprehensive study on the importance of labour laws in the dynamic and fast changing world. The study provided different perspective of modifications in labour law as per the changing economic and social condition of the country. Should the labour law be refashioned while protecting the worker’s right or should it be flexible enough by removing the employment protection? In my mind, it all depends upon the condition of the economy of a country and the extent to which it allows labour right protection and employee’s rights. Globalization has caused many companies to expand their business domestically and internationally. Without doing so, it is not possible to for the companies to compete with other companies. Brussels (2006) in his report mentioned the ways of â€Å"modernisin g the labour laws for the 21st centuries†. He stated that the traditional model is not suitable for all workers for adapting change and utilizing the opportunities that are offered by globalization. (Modernizing the labour laws for the 21st centuries, 2006) A report named as â€Å"The employment relationship: Overview of challenges and opportunities, (2006)† showed employment and labour law challenges faced by the company while expanding internationally and domestically. The profound changes that occurred in the work world especially in the labour

Resistors in series and parallel Essay Example for Free

Resistors in series and parallel Essay Resistors are used in various real life applications to perform tasks that involve: limiting the current that goes through a section of a circuit, introducing a voltage drop in a circuit, generating heat and the protection of components of a circuit. It is important to calculate the resistance of resistors so that the electrical circuits produced using them will perform in the manner that their manufacturer wanted them to. If the wrong resistance/resistor is used then delicate components that need only a relatively small amount of current may be destroyed. All resistors have a level of tolerance. This is to allow for imperfections in the manufactured object. It was determined through experimentation that all of the resistors that were used in this experiment were within their tolerance range with the exception of R4 (See Table 1). This resistor had a nominal value of 1600 ohms and a tolerance of +/-5%. This means that this resistor should have had a value within the range of 1520-1680 ohms, however  the actual resistance was found to be 1798 ohms. It is possible that this may have been due to a manufacturing fault or a labelling error. The total predicted resistance was determined by using the series and parallel resistor laws and the resistance values of the various components of the circuit. The tolerance range for the circuit was predicted to be between 1847.3-2319.2 ohms. Through experimentation the actual total resistance for the circuit was 2216.62 ohms, this value was within the predicted range. The actual resistance value of component 1 was 263.26 ohms; this was within the predicted range (271.36-245.51 ohms). The actual resistance value of component 2 was 1764.26 ohms; this was within the predicted range (1664.24-1846.36 ohms). The actual resistance value of component 3 was 2216.62 ohms; this was within the predicted range (2319.20 and 1847.3 ohms). The actual resistance of the resistors was found by using a multimeter. Some systematic error may have occurred in this experiment if the multimeter was not calibrated correctly during testing. Temperature fluctuations may have caused inconsistencies in this experiment. The reason why resistance occurs is that a metal consists of lattice of atoms that each has a shell of electrons. The metal is a conductor because the electrons are free to dissociate from their parent atoms and travel through the lattice. When a voltage is applied the electrons drift from one side of the metal to the other. In real material imperfections scatter the electrons resulting in resistance. Temperature is able to affect resistance because temperature causes the atoms to vibrate more strongly creating even more collisions and further increasing the resistance. Conclusion: The aim of the experiment was to compare the predicted and actual resistance in the circuit of resistor combinations in series and parallel. The results of this experiment found that the series and parallel resistor laws were reasonably good indicators of the real world values of resistance for circuits that contained resistors in series and parallel. One example of this was that the total resistance of the circuit made was found to be 2216.62 ohms which was within the predicted range (this predicted range was calculated by using the upper and lower tolerance values for the resistors used in the circuit. From the data obtained it can therefore be seen that all three resistor laws stated in the Background section of this report are quite useful in calculating theoretical values for the resistance of circuits in series and parallel that are close to the real world values. Bibliography: resistor. Wikipedia. Wikipedia, 2005. Available: http://www.answers.com/topic/resistor-1 24 Jul. 2005. resistor. WordNet 1.7.1. Princeton University, 2001. Available: http://www.answers.com/topic/resistor-1 24 Jul. 2005. resistor. Electronics. Twysted Pair, 2001. Available: http://www.answers.com/topic/resistor-1. 24 Jul. 2005. Storen, A and Martine, R. (2000) Nelson Physics VCE Units 3 and 4. Nelson Publishing: Sydney. (pp 221-226)

Organisational Structure: Profit and Non Profit Organisations

Organisational Structure: Profit and Non Profit Organisations Introduction Cancer Research UK is a non-profit organization formed in the United Kingdom on February 4, 2002 in cooperation with The Cancer Research Campaign and Imperial Cancer Research Fund (ICRF). Cancer Research UKs primary purpose is to put mortality down caused by cancer through extensive science research. Cancer Research also provides information on cancer and organizes projects and activities to provide awareness for the general public in fighting the combat against cancer. The charity grew in a period of time and in the next twenty years became one of the worlds number one cancer research charities. Until the merger, it made wide range of contributions to every area of cancer research. It has established their laboratories at Lincolns Inn Fields and after known as the Cancer Research UK. In line with their strong determination in reducing number of cancer patients as well as saving precious lives, the organization has committed to make their research strategy strong in the next five years through focusing thoroughly on research, provide and look for the proper environment where research is to be conducted and lastly, put in place the right people who will do the task in providing excellent research. Cancer Research UK Organizational Structure Chief Executive Executive Board Scientific Executive Board (CEO/Exec. Directors/Chief Scientists Clinicians) Trustees Members Cancer Research UK is the worlds leading charity dedicated to beating cancer through research. Its primary aim is to save millions of lives by discovering new ways to prevent, diagnose and treat cancer. For them to serve the purpose, they set 3 broad areas of work which are research, information and influencing public policy. However, research is the primary focus and best funded by the public and through the generosity and commitment of supporters with a strong determination to beat different kinds of cancer. The Executive Board which manages the organization sets out the short term and long term strategy which covers everything from scientific research and fundraising to resources. They do proposals in setting the annual budget to fund projects then submits it to the Council of Trustees for approval. Since research is the the main focus, the flow of work basically deals with the Scientific Executive Board (SEB) which develops and implements the organizations scientific strategy and policy. Although they are not considered as a funding committee, they closely interact with the Council Research Strategy Committee. They have the power to hold budget and have a strong influence in deciding whether a certain initiative will be funded or not. Usually, their decisions are still reviewed by their own funding committees. If it really concerns a big and strategic project benefitting not only cancer victims but the public as well, a good budget will be allocated and approved so that all impertinent work will get started and done. Majority of their Funding Committees are responsible to SEB in reviewing , evaluating and funding each project being undertaken by the charity. Among Cancer Research UKs Funding Committees are the following together with their corresponding roles: The Biological Sciences Committee (BSC) responsible for the research programmes and projects which concentrates mainly on the basic understanding of cancer. The Clinical Trials Awards and Advisory Committee (CTAAC) reviews and funds cancer clinical trials which includes feasibility studies for testing, clinical trials in terms of therapy and other sample collections. The Translational and Clinical Research Committee responsible for the research programmes and projects which concerns clinical and translational researches The Discovery Committee (DC) focused on developing research for the benefit of cancer patients. . The Population Research Committee (PRC) responsible for research programmes and projects grants in population science. The organization is also governed by the Council of Trustees which also consists of the Board of Directors.. This body supports and gives advise to the Chief Executive who is also part and leader of the Top Management Team in achieving the Charitys vision and purpose. Lastly, the organization is governed by its Members (appointed by CRU) and are similar to the shareholders of the company with the entitlement to attend all general meetings and fulfill their most significant duty of electing the Trustees. Each member possess high level skills, experience and professional backgrounds in their own personal fields (business, arts, politics, finance and healthcare) but work as supportive individuals with a common goal of achieving the Charitys aims and objectives and not just working only to satisfy and represent their particular fields. If necessary, they must evaluate and challenge the assumptions from which scientific advise was formulated and ask explanations of scientific terms and concepts that are not clear to them to benefit all the people concerned. Key Stakeholders Cancer research UK is charity organization and its non profitable organization and considered as the best charity in entire world in fighting cancer through research. Among the organizations stakeholders are the following: Chief Executive: They spend their time, money and their strategy on all level of research. They take all responsibility to arrange their short and long term strategy to manage everything like budget, strategy of research, implement on medicine. They take all information from the executive board and if they need money they send their request to trustees for budgets. Executive Board: They do their job to improve the organizations strategy and policy. They meet every month to grow their strategy and solve their problems. Scientific Executive: Their role is most important in this research because they give necessary advise to the executive board and they also explain which strategy is successful for their work and they also give the support to solve issues but problem is that they meet only one time in a year so because of this they have to be very careful because its a question of peoples life. If they do small mistake during their research, it is very dangerous for their organizations reputation. They are considered the most influential body in making strategic decisions specially concerning research studies. Trustees: They give financial support to the organization. They arrange the direction of organization. They maintain the stock of organization. They also play a big role when it comes to strategic financial decisions Members: Member is a main part of organization because they have good knowledge, skills and experience from all fields like health care, business as well as finance. They take personally interest to bring the organization in first number. Mission, Vision, Value, Objective Goal Mission: They save peoples lives .They ensure that to create medicine for tomorrow to treat the cancer. Cancer is expanding more in last many years and because of this they have been at centre of the process. They give cancer related all information to people. They want to put the cancer at the top level of health agenda because cancer is not common diseases, many people is getting victim of cancer since many years. Vision: We will fight together to cancer. They want to concentrate on research. They support good environment for research. To give the work to the right people for research. Values: Their work is help to change the way of cancer, which is found today. Many of charities are registed. They drive by the charity commission; along with they work with other charities and Government. The most important thing is in charity is Fund. People give fund in different way like on some occasion (birthday, anniversary and wedding).They have more than 500 charity shops in the UK so people can buy or donate the goods. They have proud of their achievement because they are doing implement on research, they want to help that people who are suffering from cancer. They work in partners with others to get the biggest influence in the world to fight with cancer. Many people work together to promise that they create the right way to use this fund whatever they receive and they want to bring to cancer research UK in top level of research in the world. Goals: Cancer research UK has established set of goals to get their success over next years to beat against cancer. Survival ratio for all common cancer will gain. Most of the people will get the information whatever they want for cancer. Cancer will be collapsed successfully. They will have all information to understand the impact of the cancer in the body. They will have more powerful research strategy and which level of research they should apply the strategy to control the cancer. Objectives: To destroy the cancer at the starting level its a very difficult but they already accepted and they will finish their duty. They want to inform the people, they find out their understanding of cancer and how to beat different type of cancer. They want to help people to understand the process of cancer, why and how it starts? And what they should do? And what they should not do? Analysis of Current Strategic Plans At present, Cancer Research UK is committed to develop and do a more comprehensive medical research activity still to support their ultimate mission and vision. They are putting the right people in doing these researches as well as giving them the proper and high technology training. Re-arranging and making further improvements in their strategic plans on all fronts like scientific, clinical are clearly stated in their plans at present and will be further carried out in the future. In doing this, they will join other countries scientists, researchers and doctors so they can get more indepth information in fighting cancer. While they are fully funded and supported by certain committees plus the generosity of other people, the utilization of high technology which is still in practice will further be improved by allocating additional funds/budget. This way, studies/research works will be fully supported and researches will be aided accordingly. Uniqueness of Non-Profit in Strategic Planning Cancer Research UK is a non-profit organization. They tend to focus more on matters of board development, fundraising and volunteer management as compare to profits. For profits tend to focus more on activities to maximize profit. Following ways of income for this non profit organization. Â · High Value Relationships Maintaining a healthy relationship with its coporate partners and well as the individuals they are working for. RESOURCES There are plenty shops and online shopping whose income goes to the cancer research. Local Fundraising Groups. There are many groups who work volunteer for fundraising. Events. Organizing and holding fund-raising activities. Awareness for the Public Concentrating on the needs of each individual and giving solutions to their needs and wants Recycling They have a scheme of recycling that is recycle your books, toys, jewellery, etc. to raise funds for children and young people with cancer. Online donation Links with different most popular websites for donation Everyday ways to help They have a range of Everyday Ways which enable people to help children with cancer every day, and at no extra cost to you. Reference: (www.cancerresearchuk.org) COCA-COLA COMPANY History Of Coca Cola Introduction The product all started in 1886 when John Pemberton (pharmacist) cooked up a syrup and with the aid of his assistant used a carbonated water tried and tested it themselves by adding iced water. What they planned of producing a medicinal drink turned out to be a tonic/fizzy beverage. Although they also experienced losses in the earlier part and didnt become an instant success, they didnt stopped developing it that when consumers finally accepted its taste, the product, Coca-Cola became the popular drink and consumed around the world. At present, it is the number one manufacturer and distributor of non-alcoholic drinks and markets the product very well. Not only do they produced bottled softdrinks but canned beverages as well. They are very successful in production using concentrates and syrups that nearly about 400 brands are now in position in the market not to mention other product lines such as sports drinks, tea and coffee. For more than 100 years, The Coca-Cola Company established its image in the global network operating in more than 200 countries providing satisfaction in every consumers mouth, which is the organizations main idea. It has two operating groups such as the Bottling Group and the Corporate Group and each are designed to carry out specific tasks/resonsibilities and operation goes down to the regional divisions. The main aim of the company is to increase sales and profits and give satisfaction and value to customers by providing high caliber service and production of the best possible brands. The Coca-Cola Company is committed to maintain a strong brand name and brand image globally and theres no stopping them from doing it while they still strive hard to climb even more high. Coca-Cola Organizational Structure Corporate Level Board of Directors CEO/CFO BusinessLevel Division Managers (Heads of each Regional Divisions) Africa Eurasia EU Pacific Latin America North America Functional Level The Coca-Cola Company is a big organization whos main focus is customer satisfaction specially with the changing demands of its customers. It covers wide regions and each region has different regulations, different consumer needs and different problems to deal with. They realized that majority of the companys problems are based geographically and this led them to push towards decentralization in the nineties. The organization has two operating groups called Bottling Investments and Corporate. There are also operating groups divided by different regions such as: Africa, Eurasia, European Union, Latin America, North America, and Pacific. Each of these divisions is again divided into geographic regions. With this divisions broken down, it allowed decisions to be made on a more local level so that they can respond fast to the ever changing behaviour of the market. and higher-level management can focus more on long-term planning. However, for the company to formulate and focus on one glob al message, its marketing and innovation functions remained centrally located and further tailored at the local level. Within the Coca-Cola Company most decisions are made at the top hierarchy and an example of this was when it decided to sponsor the World Cup in 2002. However, all the advertising decisions were left to the local divisions since they know very well how the market behaves specially customizing each campaign materials that would appeal to the local market. The companys divisions such as finance, human resources, innovation, marketing and strategy and planning are centrally located within the Corporate division of the company. Some of these functions take place at lower levels in each of the regions of the company. In 2004, when the company faced an extremely low growth rate, they began using a more complex integrating mechanism wherein top managers created a solution through face-to-face meetings held regularly at the local levels so employees could remain informed. Besides the use of teams and meetings, the intranet was overhauled to provide a source of real-time sharing of up-to-date information quickly with each function of the company. With this move, employees feel more engaged and turnover has been reduced, it led to increased growth rates for the organization as well as positive return on equity for stockholders at 20 percent. The Coca-Cola Companys structure is a hybrid of both mechanistic and organic models. Mechanistic in the sense that the company maintains a high standard organization and organic wherein surveys and interviews used by the company allowed information to flow from the bottom-up while the intranet allows for information to be exchanged laterally. It was a big help for the company in pursuing simplification and standardization. The Coca-Cola Company is driven by some rules of corporate governance. Elected by the share owners, The Boards role is to oversee the companys long-term interest and overall success of the business as well as its financial strength. They give ultimate decisions of the Company but they dont touch more on matters concerning shareholders scope. They review and make sure choose the best members of its top management who in turn are responsible for conducting the business of the Company. The CEO obtains information from other divisions through Presidents of each regional operating group as well as high executives like the Chief Marketing Officers, Commercial Officers and Chief Innovation and Technology Officer. The Coca-Cola Companys business-level strategy is considered as differentiation. This is so because they have been successful pursuing their focus on how the company and its products will be marketed strongly and remain competitive in the market. The Coca-Cola Company is known for innovative marketing that constantly promotes their brand names and at the same time protect their domains from competitors. It is tactical in structure because it supports and responds to the companys strategic plan on how the company will work well and stay on top of competition. The divisional managers (heads of each regional divisions), business managers decides on how the company and its products will grow and earn more profits through proper research and marketing. The marketing department is the most powerful sub-unit in the organization because it can attract customers who are the critical scarce resource. The heavy emphasis on marketing will help the company in finding ways to become more efficient in production or distribution. The lower levels for each division are responsible for the day-to-day activities of the organization and they closely coordinate with their respective seniors/team leaders in coordinating and reporting the effectiveness and feasibility of some operational decisions made. They are given the chance to suggest and voice out if there are more effective ways in implementing developed plans because they are the ones involved directly in carrying it out. This way they feel important and engaged in their work as well as the organization. Everyone is given a chance to be heard and it shows that even on this level, opinions and suggestions are being taken up to the higher level which makes the flow of work within the organization smooth and easy. Key Stakeholders The Coca Cola Company has many internal and external stakeholders. The following are its main internal stakeholders: Shareowners they are the main investors of the company whos main concern is to earn profit. They have the power to select members of the board. However, The Board of Directors has influence in making strategic decisions because they are responsible in overseeing the companys long-term interest and overall success of the business. Associates they work closely with the stakeholders as partners but not influential in making strategic decisions. Employees people working within the company with dedication and with a common goal of fulfilling its aims and objectives to help management in making the business grow and stay in competition. The Senior/Upper Management team handles a difficult task of operating the business in the right track making sure all the sales objectives will be met and work done well following a systematic way. They also have the power to make strategic decisions specially that the company operates regionally with different regional behaviours. Aside from its internal forces, the following are considered its external stakeholders: Bottling partners they are in close partnership with the organization for they provide the distribution, packaging and proper handling of products. Government they are concerned with environmental health and the taxes they will impose on the company Suppliers in close partnership with the organization who supplies the materials they need but are also concerned of making the most money out of their products Consumers/Customers they are the end users and the main reason why the company exists. They possess different market behaviours all over the globe which is the reason why Coca- Cola Company never stops in developing market research and customize advertising to satisfy their needs and wants. Mission, Vision, Value, Objective Goal Mission, Vision Values define that what they are, what they sought to achieve and how they want to get and they provide their clear management for their company and they all are working together for the same goal objective. Coca cola is a more profitable company in the world. Mission: Coca Cola is creating a strong impression in the market. It announces that their aim as a company to provide a standard brand. Coca Cola wants: To produce a product which the customer needs. To give something new to world for today and tomorrow. They want to encourage their future success by building a strong brand that has longevity. To create value for investors but also make a difference in the world Vision: They have established their goals, which they will work with their distribution channel for getting their mission. Profit: Maximizing return to shareholder while fulfilling all responsibilities. People: To create great place to work where people are encouraged to be the best they can be. Portfolio: Giving to the world a portfolio of biggest drink brand that satisfies peoples demands. Partners: Nurturing a winning network of partners and building mutual loyalty. Planet: To be a responsible in all over the world. Productivity: Very innovative and fast management in product line. Values: To be a leader, they want to be flexible for their supplier, buyers and staff. They are innovative in their product process. They put their total focus on their management because they want a quality of being morally good. They want to be first to the market in responding to the changing needs of their consumers. They want to collaborate with their consumers forever. Goals: They want to expand their global business by reaching their consumer and they want to know who will enjoy their product. They want to excel as a business in the areas of health consciousness. Environmental protection, community participation and workplace standards. To gain profitable share of the market in the entire world. They believe in building long term profits. Objectives: To be a first thought of customers satisfaction. Advertising is the main source of increasing customer demands. Celebrities such as actors, actresses and cricketers are playing a most important role in massive advertising campaigns. Analysis of Current Strategic Plans In line with the companys ultimate mission and vision, Coca-Cola is still fulfilling its promise of delivering customer satisfaction a proof that up to now they maintain a strong brand name globally and still promises to be on top of competition even with the strong presence of competitors. They still exert effort in developing market research and advertising to study each and every consumers behaviour as well as continuously innovating and differentiating their products to be unique and appealing to the general public. They maintain good business relationships with their stakeholders, flexible with their consumers allocating more funds for innovation, technology and fast distribution. Coca-Cola is a very profitable company even from the past and are still committed to earn more profit at present and in the future. Regional divisions are implementing their tasks in a more customized way still following the organizations main mission and objective in satisfying customers needs and wants. Uniqueness of Profit in Strategic Planning The Coca Cola of the planning activities is often different to non-profits. The Coca Cola tend to focus more on activities to maximize profit. The thing through which they determine budget, that is profit . They fulfill this priority by different strategic planning as mentioned below. STRATEGIES FOR PROFITS Some major ways are as follows. How to gain consumers interest? They increase the volume of sales by intensive advertising and launching different product flavors like Coke Zero, Diet Coke, Oasis, Lilt, Dr. Pepper, Fanta, etc. How to attract people in taking part with their activities/festival? They offer different attractive things in their festical and through this, Coca-Coal gained high profit and consumption increased during these occasions. Among their activities are the following: Coca-Cola Games Coca-Cola signed a sponsorship agreement with players. Coca-Cola realizing the fact that games are very short way to provide their brand to consumers like Indian cricket team who did contract with them. Having contract with teams also created an image that Coca Cola can be a refreshing drink and not just an ordinary daily beverage. Coca-Cola Concerts Many celebrities signed contract with them as exclusive product endorsers with the likes of Amir Khan and Aishwarya Rai. Coca-Cola Nokia Promotional type wherein people will have a chance to win Coca-Cola branded cellphones (Nokia 3310), which made their sales go high as well as their profit. Analysis of Strategic Business Planning Model (Coca-Cola vs. Cancer Research UK) At present, both organizations are very much engaged in developing their own Research works with a common goal of serving and satisfying each ones market. They might only differ in such a way that Coca-Colas research deals more of their products which are consumable while Cancer Research UK is more inclined in scientific and clinical studies to combat a deadly disease. Both are concerned on the environments health and safety which is very much important to end-users as well as cancer patients or even the general public. Both can be considered as implementing innovation and differentiation in their own fields in such a way that both are utilizing high technology to improve their products (Coca-Cola) to be unique to competitors and research innovations (CRU) to determine and dig more deeply in getting data and information on how to beat cancer.