Organizational Behavior Essay Example | Topics and Well Written Essays - 750 words

Organizational Behavior - Essay Example 1.1. Effectiveness of the Discussion between Robert Denton and OD Consultant Robert Denton, the Plant Manager of Kenworth Motors held job for eight months with the belief that things are going on well. With the purpose to stimulate the organization’s performance, Denton invites the OD Consultant to discuss the situation. Thereby, the discussion was conducted about how the work is going on in the plant through employee interview. Denton explained that if the employees work together with full effort and cooperation then there will be good progress in the organization and this will lead to a high level growth. The effective words were to work well together and do a good job. These words are most effective because any person desires to get a good job in any of the organizations to obtain a specific goal or objective. People look for jobs in those organizations that are having good name and fame. Therefore, it is of considerable importance. To bring high level of growth, firstly, t he employees should be trustworthy. Secondly, the task given to the employees has to be done sincerely and thirdly, there should be proper coordination with the employees, group leaders, coordinators and also the high level managers. The consultant confirmed the things that were prevalent in the plant through an interview and also explained the shortcomings of this approach. The discussion was ineffective and in order to make those effective, proper meetings could have been held so that the Manager, Consultant and the employees could share their ideas and may also receive the feedback of each employee. The Consultant suggests that if the matters are to be held in different manner instead of interview, it would have been more effective. So, Denton responded by asking for other options, which would bring a significant effect in the organization and would also make things better. The consultant suggested a weekend retreat for the management teams through which the team could gain impro vement to various issues. 2.1. Retreat Planning and Implementation Robert Denton suggested the OD Consultant to hold a weekend retreat as it offers a place for further enrichment of the employees’ performance. This type of retreat is very helpful to the employees as this course provides different information, ideas regarding how the works are to be carried on in different fields, how to handle the issues and monitor them into the practical area. Through this course the employees can be made aware of various situations, social issues, economic conditions and other related business issues. The team leaders are often treated to be a guide to the employees. Sometime seminars are held in order to express their own views and ideas. For some employees, the working field might be totally new having no idea therefore this type of courses are most essential to know the other working fields. The employees get to know the works that are carried out in the practical field. Few problems mi ght occur due to which there may be a low growth rate, occurrence of risk etc; at this point how to tackle the problems or to find a solution, how to bear the risk, all these information could be gathered through this retreat course. Also practical things are planned and implemented in various sectors. Proper planning, maintenance, directing and controlling are essential in

Eminent domain Essay Example for Free

Eminent domain Essay Eminent domain refers to the authority to sequester the private property of an individual, including his rights, without the need of obtaining the consent of the owner (Ryskamp, 2006). This power is also known as compulsory purchase, resumption acquisition or expropriation in other countries such as the United Kingdom, Australia and Canada. The confiscation of private property is generally performed in order for the government of use the aforesaid property. In other cases, the expropriation is conducted in order for the public to make use of the property (United States v. CARMACK, 1946). The most frequent reasons for implementing eminent domain actions include the construction of public utilities as well as highways and railroads (United States v. Gettysburg Electric Railway Company, 1896). The concept of eminent domain should not be interchanged and confused with cases wherein a private property is confiscated by a government that is in a revolutionary situation. Eminent domain is also different from the concept of forfeiture because the sequestration of the private property in forfeiture is based on breaching of a mortgage contract while eminent domain is based on the sequestration of a private property for the use of the government. Eminent domain is associated with condemnation, which pertains to an action that is implemented by the government that results in the transfer of the title of a property from the original owner to the government. The term condemnation that is associated with eminent domain should also not be confused with the condemnation that is related to the classification of buildings that are considered to be unsafe for entry and habitation by people due to natural disasters such as earthquakes and other physical damages due to man- or nature-caused events. Condemnation that is associated with eminent domain states that the government is obtaining a private property or shows an interest in the private property, such as an easement. Generally, the only thing that remains to be determined and finalized is when a condemnation action is filed in the amount of the appropriate compensation. However, there are also some cases wherein the right to sequester is challenged by the owner of the private property, based on the premise that the attempted sequestration is not for public use, or has not been legally approved or endorsed by the court, or simply because the condemnor did not abide by the standard or proper procedure required by law (Greenhut, 2004). The exercise of eminent domain is not solely applied to real property (Galperin, 2007). Governments also have the authority to condemn personal property, including supplies that will be employed for military warfare, franchises, as well as other intangible property such as contracts, patents, trade secrets and copyrights. The first case of eminent domain in English law was known as the Dobbie Process or the Kings Prerogative in Saltpeter Case. The English king required saltpeter as ammunitions of his military and he acquired saltpeter mine that was privately owned. The owner of the private real property sued the king, resulting in the action of the court of establishing the right of the sovereign to sequester any form of private property that has been determined to be needed for public use, without issues of being accused for trespassing. However, such acquisition requires payment or some form of compensation for the taken saltpeter. When the colonies became the United States and the English Common Law was adopted as the law of the new nation, this principle was accepted. However, different from popular belief, the Fifth Amendment to the Constitution did not describe this right in the United States because this policy was already inherent in common law. The Fifth Amendment restricted the power of eminent domain by requiring that any confiscations be plainly for public use and that an appropriate compensation be provided to the owner of the sequestered private property.

The extent to which research influences policy

The extent to which research influences policy Discuss the extent to which effective development policy depends on good research Introduction In development, for one to know what aids development, why a particular system works and how effective an approach taken towards improving development is, a proper research has to have been done. Development policy is a decision made or designed to improve a condition from a problematic state to a better or an improved form. Research is said to be ‘a careful study that is done to find and report new knowledge about something’ (Merriam-Webster). Some types of research done are reviewing existing research, field experiments, secondary analysis (reviewing information from existing archives), qualitative methods, survey, case studies, and cost-benefit analysis (research done to determine the cost and benefit from an action), amongst others (Dukeshire and Thurlow 2002). Research is an important part of policy making because without research, pressing policy questions will not be answered as it’s hard to make a policy without identifying a problem, the context in which the problem is based and possible solutions that a policy could enforce. In a research at the IMF in 2011, Moises Schwartz, the director of IEO states that â€Å"Research is at the heart of innovation and improving policymaking†. He goes on to say that research, at the IMF, helps develop and improve conceptual models that serve as the foundation for policy recommendations. In this paper research will be used in relation to evidence-based This paper discusses how research influences policy, the gap between researchers and policy makers and how good research is needed for effective development policy making. Research and Development policy One cannot make a policy if one doesn’t know what that policy is to address. Without research, policy makers will not be informed about the problem that requires a solution through careful planning and decision making. The way research is done and presented could influence deeply the policy making process (Dukeshire and Thurlow 2002). For the creation of effective development policy, not just a policy under huge probability that it might work, proper research has to be done. Furthermore, for the improvement of quality of life and reduction in poverty, a proper use of research and evidence in the making and practice of development policy, is required (Court et al 2004). Research promotes credibility and also plays an important role on how policymaking is thought of by country authorities and also, research improves the gathering and spread of global knowledge (IMF 2011). Effective development policy requires researches that are relevant to the particular policy question. Researches done for a specific development policy question will look at the problem from all spheres, gather knowledge about the problem from the place the problem is situated and the people it affects, carry out a thorough case study and could also ask indigenous people to suggest solutions as they know better what will work for them and then make recommendations which will influence the development policy making. This entire process will ensure that the policy is effective as the decision will be based on research that addressed the problem directly and evidence produced. People in a community, through participatory approach, a research technique, could identify problems in their society and proffer solutions to these problems (green et al 1995; Frankish et al 1997). The 1999 white paper on modernizing government adopted evidence based policy as part of its philosophy as it expressed its expectations of policy makers to bring up new ideas, take a different approach to the way things have been done in the past he use of research in the policy making process and also to create policies that will proffer effective long term solutions. Research helps policy makers be well informed about a situation a policy is to address however â€Å"†¦there is nothing a government hates more than to be well-informed for it makes the process of arriving at decisions much more complicated and difficult† ( Skidelsky 1992). In my own opinion, research restrains the government from making a â€Å"one fit all† policy. It is easier for a government or donor institutions to make a ‘one fit all’ policy than going through the process of research, gaining adequate knowledge about a particular problem and having to make policies that fit specifi c contexts or societies and not been able to make a general policy that is not based on specific contexts or a countries specificity. In basil jones paper on linking research to policy, he says to achieve effectiveness and efficiency better sector work has to be done alongside research and analysis in development process which will in turn influence policy making. Without research or proper knowledge of a development problem, it is hard to make right decisions that will enable effective solutions. There is a great link between research and policy making although, it has been said that there is a gap between policy makers and researchers. It said that researchers make their findings inaccessible, sometimes lengthy, in a different language and uneasy to decipher just in time for policy decisions (Jones, 2011). Also, researchers do not research on problems facing policy makers but answer questions based on the tools and resources they have (World Bank 2010). Development policies are made based on finding solutions to development problems and research seeks to study and find possible and optimum solutions to those problems. Thus, without proper communication between the researchers and policy makers, it will be impossible to make an effective development policy as it is impossible to make a developmental progress if these two actors are working individually or separately. Conclusion it has been noted that governments and donor institutions tend to make ‘one fit all’ policies that will cut across different countries without taking into consideration the different countries peculiarity or its institutional context and sometimes are accused of making policies based on existing data from doctored research plans and conclusions that fit an existing policy or research done before without making room for new researches (Brettenwoods project, 2011). For example, the prevalent view amongst staffs of the IMF is that research findings need to be in relation with current IMF policies and evaluations done at the IMF showed that some researches were done with the conclusion and an already present policy in mind and some researches had different conclusions and recommendations separate from the analysis done in the research (IMF 2011). Furthermore, some NGOs have distorted the policy making process which renders the policy incapable and in turn creating negative e ffect on the poor by not engaging in research based evidence (Harper 2001). Above, it was noted that there was a significant gap between policy makers and researchers which needed to be bridged. Bridging the gap between these two actors In the development process could be done by making good use of researches that have been done and researchers communicating their findings to policy makers(court and young 2006). Also these donors should not make it all about the funding but also gaining or gathering and sharing new knowledge which can only be gotten from good research (Jones 2011). Policy questions should be the basis for a research and not just research based on the resources available to the researcher or what attracts the interest of the researcher at that time. Furthermore, in considering the future of development, results that influence policy and practice and relevant to poor people’s needs could be gotten by the improving the researchers effectiveness to produce such results. This was stated in a 2008 research strategy of DFID. Finally in answering the question to which extent effective development policy depends on good research, before a policy is made, there has to be an evidence of a problem and the evidence of the problem and knowledge gathered about the problem is held in mind before a decision is made to improve the condition of a problem, so basically there cannot be a policy without a research of some kind. Therefore, a development policy depends on research but an effective development policy that will properly address a problem that is being faced will depend on a good and thorough research. This paper has discussed the link and gap between research and policy, the dependency of policy on research and also the benefits of an evidence based policy. References â€Å"Research† Merriam-webster.com. Merriam-Webster, n.d. web 26 February 2014 http://www.merriam-webster.com/dictionary/research Brettenwoods (2011). Evaluations suggest IMF, World Bank research ideologically driven [online] Available: http:// http://www.brettonwoodsproject.org/2011/09/art-568905/ [Accessed: 24 February 2014] Cabinet office (1999) modernizing government stationary office: London, Ch. 2, Para. 6. Cm 4320. Available at www.cabinet-office.gov.uk/mordengov/whtpaper/index.htm> Court, J. and Young, J. (2006) Bridging research and policy in international development: an analytical and practical framework. Development in Practice, Volume 16, Number 1, February 2006. Court, J., Hovland, I. and Young, J. (2004) Bridging Research and Policy in International Development: Evidence and the Change Process, ITDG. Dukeshire, S. Thurlow, J. (2002). Understanding the Link Between Research and Policy. Rural Communities Impacting Policy Project Frankish, C.J., George, A., Daniel, M., Doyle-Waters, M. Walker, M. (1997). Participatory health promotion research in Canada: A community guidebook. Ottawa, ON: Health Canada, Health Promotion Development Division. Green, L., George, M., Daniel, M., Frankish, J., Herbert, C., Bowie, W. O’Neill, M. (1995). The study of participatory research in health promotion: Review and recommendations for the development of participatory research in health promotion in Canada. Ottawa: The Royal Society of Canada. Harper, C. (2001). Do the Facts Matter? NGOs, Research and Policy Advocacy, in Edwards, M. Gaventa, J., Global Citizen Action. Lynne Reinner Publishers Jones, B. (2011), Linking Research to Policy: The African Development Bank as Knowledge Broker, Series N ° 131, African Development Bank, Tunis, Tunisia. Research at the IMF: relevance and utilization / [prepared by an IEO team led by Ruben Lamdany and Hali Edison]. – Washington, D.C.: International Monetary Fund, 2011. Skidelsky, R. (1992) John Maynard Keynes; a biography. Vol 2: the economist as saviour, 1920-1937 macilian: London p 630. World Bank (September 2010) â€Å"Research for Development – A World Bank Perspective on Future Direction for Research† Policy Research Working Paper 5437 Yaron, G. And Louise, S. (2008) Good practice in evidence informed policy: An initial review for DFID. 1

Comparing Frankenstein and Paradise Lost :: comparison compare contrast essays

Frankenstein and Paradise Lost Striking similarities between a duo of novels are not unusual. The novel Frankenstein, by Mary Shelly, deals with a scientist named Victor Frankenstein who embodies a creature, who eventually wreaks havoc on his life. The novel Lost Paradise, by John Milton, exposes the cruelty of Christianity or the Christian God within the characters God, Satan, Adam, and Eve. Victor Frankenstein and God have many similarities, as they are both creators of incarnations. Victor's creature known as the monster shows striking similarities with Satan and Adam. Characters from different novels have similar personalities. As creators of another creature, God and Victor Frankenstein are very similar, in that they both lose part of their "family," and they let the war between them and their creations go on too long. Victor says, " I collected bones from charnel houses; and disturbed, with profane fingers, the tremendous secrets of the human frame." This shows that he creates the monster out of corpses, just as God creates Satan. Furthermore, Victor is disgusted with his own creation, "the beauty of the dream vanished, and breathless horror and disgust filled my heart." Victor rejects the monster, similar to God's disgust with Satan's pride. The monster wreaks havoc on the Victor's life, "; I called myself the murderer of William, of Justine, and of Clerval," leaving him with a burden of guilt, just as God loses his angels to Satan, Victor loses his family and friends to the monster. Victor at some point feels even more guilt because he didn't destroy the monster earlier. If God could so easily order the fallen angels to be pushed out of Heaven, why did he let the war go on for three days? This truly is remarkable, two novels of different time periods, with characters of startling resemblance. God and Frankenstein's creations stunningly resemble each other. The monster relates to Satan, Adam, and Eve. Victor quotes, "You may render me the most miserable of men, but you shall never make me base in my own eyes," this is when the monster asks for a companion, Victor refuses. The monster also shows that he will go to any extent to be happy and complete vengeance when he goes on a murder spree. Adam quotes " for with thee/ Certain my resolution is to die; /How can I live without thee?" Resembling the monster, hence he wants a companion, Eve.

Report on Hdfc Bank

1 PROJECT FINAL REPORT ON BANKING BY JIGAR SONI AT Summer Internship Project 2 PROJECT TITLE A project report on COMPANY GUIDE FACULTY GUIDE ================ ============== Mr. Manish Panchal Prof. Pragna Kaul Branch Manager IBMR Ahmedabad Kapadwanj. Prepared by : Jigar J Soni Roll no. 5 , Div – A IBMR _Ahmedabad Year – 2008/09 3 Acknowledgements If words are considered to be signs of gratitude then let these words Convey the very same My sincere gratitude to HDFC BANK for roviding me with an opportunity to work with BANK and giving necessary directions on doing this project to the best of my abilities. I am highly indebted to Mr. Manish Panchal. , Branch Manager and company project guide, who has provided me with the necessary information and also for the support extended out to me in the completion of this report and his valuable suggestion and comments on bringing out this report in the best way possible. I also thank Prof. Pragna Kaul, IBMR_Ahmedabad, who has sincer ely supported me with the valuable insights into the completion of this project. I am grateful to all faculty members of IBMR_Ahmedabad and my 4 friends who have helped me in the successful completion of this project. 5 CONTENTS Sr. No. Subject Covered Page No. 1 Banking Structure in India 6-7 2 Indian Banking Industries 8-9 3 Upcoming Foreign Bank in India 10 4 HDFC BANK 11-12 5 Company Profile 13-15 6 Technology used 16-19 7 Product and Customer segments 20-23 8 Business Strategy 24-25 9 Inside Hdfc Bank 26-31 10 Rupee Earned – Rupee Spent 32-33 11 Recent Development 34-41 12 SWOT Analysis 42-48 13 Project on Plastic Money 49-55 6 BANKING STRUCTURE IN INDIA Scheduled Banks in India (A) Scheduled Commercial Banks Public sector Banks Private sector Banks Foreign Banks in India Regional Rural Bank (28) (27) (29) (102) †¢Nationalized Bank †¢Other Public Sector Banks (IDBI) †¢SBI and its Associates †¢Old Private Banks †¢New Private Banks (B) Scheduled Cooperative Banks Scheduled Urban Cooperative Banks (55) Scheduled State Cooperative Banks (31) 7 Here we more concerned about private sector banks and competition among them. Today, there are 27 private sector banks in the banking sector: 19 old private sector banks and 8 new private sector banks. These new banks have brought in state-of-the-art technology and Aggressively marketed their products. The Public sector banks are Facing a stiff competition from the new private sector banks. The banks which have been setup in the 1990s under the guidelines of the Narasimham Committee are referred to as NEW PRIVATE SECTOR BANKS. New Private Sector Banks †¢Superior Financial Services †¢Designed Innovative Products †¢Tapped new markets †¢Accessed Low cost NRI funds †¢Greater efficiency 8 INDIAN BANKING INDUSTRIES The Indian banking market is growing at an astonishing rate, with Assets expected to reach US$1 trillion by 2010. An expanding economy, middle class, and technological innovations are all ontributing to this growth. The country’s middle class accounts for over 320 million people. In correlation with the growth of the economy, rising income levels, increased standard of living, and affordability of banking products are promising factors for continued expansion. 9 The Indian banking Industry is in the middle of an IT revolution, Focusing on the ex pansion of retail and rural banking. Players are becoming increasingly customer – centric in their approach, which has resulted in innovative methods of offering new banking products and services. Banks are now realizing the mportance of being a big player and are beginning to focus their attention on mergers and acquisitions to take advantage of economies of scale and/or comply with Basel II regulation. â€Å"Indian banking industry assets are expected to reach US$1 trillion by 2010 and are poised to receive a greater infusion of foreign capital,† says Prathima Rajan, analyst in Celent's banking group and author of the report. â€Å"The banking industry should focus on having a small number of large players that can compete globally rather than having a large number of fragmented players. UPCOMING FOREIGN BANKS IN INDIA By 2009 few more names is going to be added in the list of foreign banks in India. This is as an aftermath of the sudden interest shown 10 by Reserve Bank of India paving roadmap for foreign banks in India greater freedom in India. Among them is the world's best private bank by EuroMoney magazine, Switzerland's UBS. The following are the list of foreign banks going to set up business in India :- †¢Royal Bank of Scotland †¢ †¢Switzerland's UBS †¢ †¢US-based GE Capital †¢ †¢Credit Suisse Group †¢ †¢Industrial and Commercial Bank of China WE UNDERSTAND YOUR WORLD The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle' approval from the 11 Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of ‘HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. HDFC is India's premier housing finance company and enjoys an impeccable track record in India as well as in international markets. Since its inception in 1977, the Corporation has maintained a consistent and healthy growth in its operations to remain the market leader in mortgages. Its outstanding loan portfolio covers well over a million dwelling units. HDFC has developed significant expertise in retail mortgage loans to different market segments and also has a large corporate client base for its housing related credit facilities. With its experience in the financial markets, a strong market reputation, large shareholder base and unique consumer franchise, HDFC was ideally positioned to promote a bank in the Indian nvironment. HDFC Bank began operations in 1995 with a simple mission : to be a 12 â€Å" World Class Indian Bank. † We realized that only a single minded focus on product quality and service excellence would help us get there. Today, we are proud to say that we are well on our way towards that goal. COMPANY PROFILE STRONG NATIONAL NETWORK 13 HDFC BANK As of March 31, 2008, the Bank’s di stribution network was at 761 Branches and 1977 ATMs in 327 cities as against 684 branches March 2006 March 2007 March 2008 Citied 228 316 327 Branches 535 684 761 ATMs 1323 1605 1977 14 nd 1,605 ATMs in 320 cities as of March 31, 2007. Against the regulatory approvals for new branches in hand, the Bank expects to further expand the branch network by around 150 branches by June 30, 2008. During the year, the Bank stepped up retail customer acquisition with deposit accounts increasing from 6. 2 million to 8. 7 million and total cards issued (debit and credit cards) increasing from 7 million to 9. 2 million. Whilst credit growth in the banking system slowed down to about 22% for the year ended 2007-08, the Bank’s net advances grew by 35. 1% with retail advances growing by 38. % and wholesale advances growing by 30%, implying a higher market share in both segments. The transactional banking business also registered healthy growth With cash management volumes increased by around 80% and trade services volumes by around 40% over the previous year. Portfolio quality as of March 31, 2008 remained healthy with gross nonperforming assets at 1. 3% and net non-performing assets at 15 0. 4% of total customer assets. The Bank’s provisioning policies for specific loan loss provisions remained higher than regulatory requirements. TECHNOLOGY USED IN HDFC BANK In the era of globalization each and every sector faced the stiff competition from their rivals. And world also converted into the flat from the globe. After the policy of liberalization and RBI initiatives to take the step for the private sector banks, more and more changes 16 are taking the part into it. And there are create competition between the private sector banks and public sector bank. Private sector banks are today used the latest technology for the different transaction of day to day banking life. As we know that Information Technology plays the vital role in the each and every ndustries and gives the optimum return from the limited resources. Banks are service industries and today IT gives the innovative Technology application to Banking industries. HDFC BANK is the leader in the industries and today IT and HDFC BANK together combined they reached the sky. New technology changed the mind of the customers and changed the queue concept from the history banking transaction. Today there are different channels are available for the banking transactions. We can see that the how technology gives the best results in the below diagram. There are drastically changes seen in the use of Internet banking, in a year 2001 (2%) and in the year 2008 ( 25%). These type of technology gives the freedom to retail customers. 17 Centralized Processing Units Derived Economies of Scale Electronic Straight Through Processing Reduced Transaction Cost Data Warehousing , CRM Improve cost efficiency, Cross sell Innovative Technology Application Provide new or superior products HDFC BANK is the very consistent player in the New private sector banks. New private sector banks to withstand the competition from public sector banks came up with innovative products and superior service. 2001 18 Branches 43% ATM 40% Phone Banking 14% Internet 2% Mobile 1% 2005 Branches 17% ATM 45% Phone Banking 12% Internet 25% Mobile 1% ( % customer initiated Transaction by Channel ) 19 HDFC BANK PRODUCT AND CUSTOMER SEGMENTS PERSONAL BANKING Loan Product Deposit Product Investment & Insurance †¢Auto Loan †¢Loan Against Security †¢Loan Against Property †¢Personal loan †¢Credit card †¢2-wheeler loan †¢Commercial vehicles finance †¢Home loans †¢Retail business banking †¢Tractor loan †¢Working Capital Finance †¢Construction Equipment Finance †¢Health Care Finance †¢Education Loan †¢Gold Loan †¢Saving a/c †¢Current a/c †¢Fixed deposit †¢Demat a/c †¢Safe Deposit Lockers †¢Mutual Fund †¢Bonds †¢Knowledge Centre †¢Insurance †¢General and Health Insurance †¢Equity and Derivatives †¢Mudra Gold Bar 20 Cards Payment Services Access To Bank †¢Credit Card †¢Debit Card †¢Prepaid Card —————————- —- Forex Services —————————- —- †¢Product & Services †¢Trade Services †¢Forex service Branch Locater †¢RBI Guidelines †¢NetSafe †¢Merchant †¢Prepaid Refill †¢Billpay †¢Visa Billpay †¢InstaPay †¢DirectPay †¢VisaMoney Transfer †¢e–Monies Electronic Funds Transfer †¢Online Payment of Direct Tax †¢NetBanking †¢OneView †¢InstaAlert MobileBanking †¢ATM †¢Phone Banking †¢Email Statements Branch Network 21 WHOLESALE BANKING Corporate Small and Medium Enterprises Financial Inst itutions and Trusts †¢Funded Services †¢Non Funded Services †¢Value Added Services †¢Internet Banking †¢Funded Services †¢Non Funded Services †¢Specialized Services †¢Value added services †¢Internet Banking BANKS †¢Clearing Sub- Membership †¢RTGS – submembership †¢Fund Transfer †¢ATM Tie-ups †¢Corporate Salary a/c †¢Tax Collection Financial Institutions Mutual Funds Stock Brokers Insurance Companies Commodities Business Trusts BUSINESS MIX 22 Total Deposits Gross Advances Net Revenue Retail Wholesale †¢HDFC Bank is a consistent player in the private sector bank and have a well balanced product and business mix in the Indian as well as overseas markets. †¢Customer segments (retail & wholesale) account for 84% of Net revenues ( FY 2008) †¢Higher retail revenues partly offset by higher operating and credit costs. †¢Equally well positioned to grow both segments. . 23 NRI SERVICES Accounts & Deposits Remittances †¢Rupee Saving a/c †¢Rupee Current a/c †¢Rupee Fixed Deposits †¢Foreign Currency Deposits †¢Accounts for Returning Indians †¢North America †¢UK †¢Europe †¢South East Asia †¢Middle East †¢Africa †¢Others Quick remit IndiaLink Cheque LockBox Telegraphic/ Wire Transfer Funds Transfer Cheques/DDs/TCs Investment & Insurances Loans †¢Mutual Funds †¢Insurance †¢Private Banking †¢Portfolio Investment Scheme †¢Home Loans †¢Loans Against Securities †¢Loans Against Deposits †¢Gold Credit Card Payment Services Access To Bank †¢NetSafe †¢BillPay †¢InstaPay †¢DirectPay †¢Visa Money †¢Online Donation †¢NetBanking †¢OneView †¢InstaAlert †¢ATM †¢PhoneBanking †¢Email Statements †¢Branch Network 24 BUSINESS STRETEGY HDFC BANK mission is to be â€Å"a World Class Indian Bank†, benchmarking themselves against international standards and best ractices in terms of product offerings, technology, service levels, risk management and audit & compliance. The objective is to build sound customer franchises across distinct businesses so as to be a preferred provider of banking services for target retai l and wholesale customer segments, and to achieve a healthy growth in profitability, consistent with the Bank's risk appetite. Bank is committed to do this while ensuring the highest levels of ethical standards, professional integrity, corporate governance and regulatory compliance. Continue to develop new product and technology is the main business strategy f the bank. Maintain good relation with the customers is the main and prime objective of the bank. HDFC BANK business strategy emphasizes the following : 25 †¢Increase market share in India’s expanding banking and financial services industry by following a disciplined growth strategy focusing on quality and not on quantity and delivering high quality customer service. †¢Leverage our technology platform and open scaleable systems to deliver more products to more customers and to control operating costs. †¢Maintain current high standards for asset quality through disciplined credit risk management. Develop in novative products and services that attract the targeted customers and address inefficiencies in the Indian financial sector. †¢Continue to develop products and services that reduce bank’s cost of funds. †¢Focus on high earnings growth with low volatility. 26 INSIDE HDFC BANK FIVE â€Å"S† , PART OF KAIZEN WORK PLACE TRANSFORMATION Focus on effective work place organization Believe in â€Å" Small changes lead to large improvement † Every successful organization have their own strategy to win the race in the competitive market. They use some technique and methodology for smooth running of business. HDFC BANK also aquired the Japanese technique for smooth running of work and effective work place organization. Five ‘S’ Part of Kaizen is the technique which is used in the bank For easy and systematic work place and eliminating unnecessary things from the work place. BENEFIT OF FIVE â€Å"S† 27 †¢It can be started immediately. †¢Every one has to participate. †¢Five â€Å" S† is an entirely people driven initiatives. †¢Brings in concept of ownership. †¢All wastage are made visible. FIVE ‘S’ Means :- S-1 SORT SEIRI S-2 SYSTEMATIZE SEITON S-3 SPIC-N-SPAN SEIRO S-4 STANDARDIZE SEIKETSU S-5 SUSTAIN SHITSUKE (1) SORT :- It focus on eliminating unnecessary items from the work place. It is excellent way to free up valuable floor space. It segregate items as per â€Å"require and wanted†. (2) SYSTEMATIZE :- Systematize is focus on efficient and effective Storage method. Frequently Requir ed Less Frequently Requir ed Remove everything from workplace Junk Wanted but not Required Junk 28 That means it identify, organize and arrange retrieval. It largely focus on good labeling and identification practices. Objective :- â€Å"A place for everything and everything in its place†. (3) SPIC- n – SPAN :- Spic-n-Span focuses on regular clearing and self nspection. It brings in the sense of ownership. (4) STANDERDIZE :- It focus on simplification and standardization. It involve standard rules and policies. It establish checklist to facilitates autonomous maintenance of workplace. It assign responsibility for doing various jobs and decide on Five S frequency. (5) SUSTAIN:- It focuses on definin g a new status and standard of organized work place. Sustain means regular training to maintain standards developed under S-4. It brings in self- discipline and commitment towards workplace organization. 29 LABELLING ON FILE FILE NUMBER SUBJECT FROM DATE TO DATE OWNER BOX LABEL For Example 1 / 3 / A / 6 1 – Work Station (1) 3 – Drawer (3) A – Shelf (A) 6 – File Number ( 6) 30 COLOUR CODING OF FILES DEPARTMENT Welcome Desk Personal Banker Teller Relationship Manager Branch Manager Demat Others In the HDFC BANK each department has their different color coding apply on the different file. Due to this everyone aware about their particular color file which is coding on it and they save their valuable time. It is a part of Kaizen and also included in the system of the Five ‘S’. Logic behind it that , the color coding are always differentiate the things from the similar one. 31 HUMAN RESOURCES The Bank’s staffing needs continued to increase during the year particularly in the retail banking businesses in line with the business growth. Total number of employees increased from 14878 as of March31,2006 to 21477 as of March 31, 2007. The Bank continues to focus on training its employees on a continuing basis, both on the job and through training programs conducted by internal and external faculty. The Bank has consistently believed that broader employee ownership of its shares has a positive impact on its performance and employee motivation. The Bank’s employee stock option scheme so far covers round 9000 employees. 32 RUPEE EARNED – RUPEE SPENT It is more important for every organization to know about from where and where to spent money. And balanced between these two things rupee earned and rupee spent are required for smooth running of business and financial soundness. This type of watch can control and eliminate the unnecessary spending of business. In this diagram it include both things from where Bank earned Rupee and where to spent. 33 HDFC BANK earned from the ‘Interest from Advances’ 51. 14 % , ‘Interest from Investment’ 27. 12 %, bank earned commission exchange and brokerage of 15. 25 %. These are the major earning sources of the bank. Bank also earned from the Forex and Derivatives and some other Interest Income. Bank spent 39. 75 % on Interest Expense, 30. 27 % on Operating Expense and 14. 58 % on Provision. Bank also spent Dividend and Tax on dividend, Loss on Investment , Tax. As we discuss above that balancing is must between these two for every organization especially in the era of globalization where there are stiff competition among various market players. RECENT DEVELOPMENT 34 The Reserve Bank of India has approved the scheme of amalgamation of Centurion Bank of Punjab Ltd. ith HDFC Bank Ltd. with effect from May 23, 2008. All the branches of Centurion Bank of Punjab will function as branches of HDFC Bank with effect from May 23, 2008. With RBI’s approval, all requisite statutory and regulatory approvals for the merger have been obtained. 35 The combined entity would have a nationwide network of 1167 branches; a strong deposit base of around Rs. 1,22, 000 crores and net advances of around Rs. 89,000 crores. The balance sheet size of the combined entity would be over Rs. 1,63,000 crores. Merger with Centurion Bank of Punjab Limited On March 27, 2008, the shareholders of the Bank accorded their consent to a scheme of amalgamation of Centurion Bank of Punjab Limited with HDFC Bank Limited. The shareholders of the Bank approved the issuance of one equity share of Rs. 10/- each of HDFC Bank Limited for every 29 equity shares of Re. 1/- each held in Centurion Bank of Punjab Limited. This is subject to receipt of Approvals from the Reserve Bank of India, stock exchanges and Other requisite statutory and regulatory authorities. The shareholders Also accorded their consent to issue equity shares and/or warrants onvertible into equity shares at the rate of Rs. 1,530. 13 each to HDFC Limited and/or other promoter group companies on preferential basis, subject to final regulatory approvals in this regard. The Shareholders of the Bank have also approved an increase in the authorized capital from Rs. 450 crores to Rs. 550 crores. 36 Promoted in 1995 by Housing Development Finance Corporation (HDFC), India's leading housing finance company, HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its over 11 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. Within a relatively short span of time, the bank has emerged as a leading player in retail banking, wholesale banking, and treasury operations, its three principal business segments. The bank's competitive strength clearly lies in the use of technology and the ability to deliver world-class service with rapid response time. Over the last 13 years, the bank has successfully gained market share in its target customer franchises while maintaining healthy rofitability and asset quality. 37 As on March 31, 2008, the Bank had a network of 761 branches and 1,977 ATMs in 327 cities. For the year ended March 31, 2008, the Bank reported a net profit of INR 15. 90 billion (Rs. 1590. 2crore), up 39. 3%, over the corresponding year ended March 31, 2007. As of March 31, 2008 total deposits were INR 1007. 69 billion, (Rs. 100,769 crore) up 47. 5% over th e corresponding year ended March 31, 2007. Total balance sheet size too grew by 46. 0% to INR 1,331. 77 billion (133177 crore). Leading Indian and international Publications have recognized the bank for its performance and quality. Centurion Bank of Punjab is one of the leading new generation private sector banks in India. The bank serves individual consumers, small and medium businesses and large corporations with a full range of financial products and services for investing, lending and 38 advice on financial planning. The bank offers its customers an array of wealth management products such as mutual funds, life and general insurance and has established a leadership ‘position'. The bank is also a strong player in foreign exchange services, ersonal loans, mortgages and agricultural loans. Additionally the bank offers a full suite of NRI banking products to Overseas Indians. On 29th August 2007, Centurion Bank of Punjab merged with Lord Krishna Bank (LKB), post obtaining all requisite statutory and regulatory approvals. This merger has further strengthened the geographical reach of the Bank in major towns and cities across the country , especially in the State of Kerala, in addition to its existing dominance in the northern part of the country. Centurion Bank of Punjab now operates on a strong nationwide ranchise of 404 branches and 452 ATMs in 190 locations across the country, supported by employee base of over 7,500 employees. In addition to being listed on the major Indian stock exchanges, the Bank’s shares are also listed on the Luxembourg Stock 39 Exchange. ACHIEVEMENT IN 2007 Business Today- Monitor Group survey One of India's â€Å"Most Innovative Companies† Financial Express- Ernst & Young Award Best Bank Award in the Private Sector category 40 Global HR Excellence Awards – Asia Pacific HRM Congress: ‘Employer Brand of the Year 2007 -2008' Award – First Runner up, & many more Business Today ‘Best Bank' Award Dun & Bradstreet – American Express Corporate Best Bank Award 2007 ‘Corporate Best Bank' Award The Bombay Stock Exchange and Nasscom Foundation's Business for Social Responsibility Awards 2007 ‘ Best Corporate Social Responsibility Practice' Award Outlook Money & NDTV Profit Best Bank Award in the Private sector category. The Asian Banker Excellence in Retail Financial Services Awards Best Retail Bank in India Asian Banker HDFC BANK Managing Director Aditya Puri wins the Leadership Achievement Award for India 41 SWOT ANALYSIS STRENGTH †¢Right strategy for the right products. †¢Superior customer service vs. competitors. WEAKNESSES †¢Some gaps in range for certain sectors. †¢Customer service staff need training. 42 †¢Great Brand Image †¢Products have required accreditations. †¢High degree of customer satisfaction. †¢Good place to work †¢Lower response time with efficient and effective service. †¢Dedicated workforce aiming at making a long-term career in the field. †¢Processes and systems, etc †¢Management cover insufficient. †¢Sectoral growth is constrained by low unemployment levels and competition for staff 3 Opportunities †¢Profit margins will be good. †¢Could extend to overseas broadly. †¢New specialist applications. †¢Could seek better customer deals. †¢Fast-track career development opportunities on an industry-wide basis. †¢An applied research centre to create opportunities for developing techniques to provi de added-value services. Threats †¢Legislation could impact. †¢Great risk involved †¢Very high competition prevailing in the industry. †¢Vulnerable to reactive attack by major competitors †¢Lack of infrastructure in rural areas could constrain investment. †¢High volume/low cost market is intensely ompetitive. 44 COMPETITIVE SWOT ANALYSIS WITH ICICI BANK STRENGTHS WEAKNESSES O P P O R T U N I T I E S S – O Strategies Strength: Large Capital base. Opportunity: Market Expansion. Strategy: Deep Penetration into Rural Market. W – O Strategies Weakness: Workforce Responsiveness. Opportunity: Outsourcing of Non – Core Business. Strategy: Outsource Customer Care & other E-Helps. T H R E A T S S – T Strategies Strength: Low operating costs Threat: Increased Competition from others Pvt. Banks. Strategy: Steps to Ensure Loyalty by old Customers. W – T Strategies Weakness: Not Equal to International Standards. Threat: Entry of many Foreign Banks. Strategy: Consider additional benefits 45 Detailed Analysis: i. Strength – Opportunity Analysis. Strength: It is well know that ICICI Bank has the largest Authorised Capital Base in the Banking System in India i. e. having a total capacity to raise Rs. 19,000,000,000 (Non – Premium Value). Opportunity: Seeing the present financial & economic development of Indian Economy and also the tremendous growth of the Indian Companies including the acquisition spree followed by them, it clearly states the expanding market for finance requirements nd also the growth in surplus disposal income of Indian citizens has given a huge rise in savings deposits – from the above point it is clear that there is a huge market expansion possible in banking sector in India. Strategy: From the analysis of Strength & Opportunity the simple and 46 straight possible strategy for ICICI Bank could be – to penetrate into the rural sector of India for expanding its market share as well as leading all other Pvt. Banks from a great gap. ii. Strength – Threat Analysis. Strength: ICICI Bank is not only known for large capital but also for having a ow operations cost though having huge number of branches and services provided. Threat: After showing a significant growth overall, India is able to attract many international financial & banking institutes, which are known for their state of art working and keeping low operation costs. Strategy: To ensure that ICICI Bank keeps going on with low operation cost & have continuous business it should simply promote itself well & provide quality service so as to ensure customer loyalty, therefore guaranteeing continuous business. 47 iii. Weakness – Opportunity Analysis. Weakness: It is well known that workforce responsiveness in banking sector is Very low in Indian banking sector, though ICICI Bank has better responsible staff but it still lacks behind its counterparts like HSBC, HDFC BANK, CITI BANK, YES BANK etc. Opportunity: In the present world, India is preferred one of the best places for out – sourcing of business process works and many more. Strategy: As international companies are reaping huge benefits after out- sourcing there customer care & BPO’s, this same strategy should be implemented by ICICI Bank so as to have proper customer ervice without hindering customer expectations. 48 iv. Weakness – Threat Analysis. Weakness: Though having a international presence, ICICI Bank has not been able to keep up the international standards in providing customer service as well as banking works. Threat: In recent times, India has witnessed entry of many international banks like CITI Bank, YES Bank etc which posses an external entrant threa t to ICICI Bank – as this Banks are known for their art of working and maintain high standards of customer service. Strategy: After having new entrants threat, ICICI Bank should come up with More additional benefits to its customer or may be even reduce some fees for any additional works of customers. 49 PROJECT ON PLASTIC MONEY PLASTIC MONEY PLASTIC MONEY I give the project on Plastic Money to bank. The objective behind this project is to increase the rich customers list in a bank. Plastic Money title itself says the use of Credit Card and Debit Card in day to day transaction of the business. I prepared the presentation on it and 50 submitted to bank and Bank already started work on this project. Idea behind this project is to sale the bulk product. Target customer Of this project are two parties one is Wholesaler and second is Retailer. Due to this idea bank also sell their swipe machine to wholesaler and create brand image in the market. The idea behind this, bank give the credit card swipe machine to wholesalers and retailers use the credit card of the bank. Bank gives the 50 days credit to their credit card holders. So here retailers can get benefit of long credit period and on the other side wholesalers can get the benefit of same day payment. As a result bank got the wide list of customers of wholesalers and retailers.

Free Essays on Tom Sawyer Adventures

The Adventures of Tom Sawyer The Adventures of Tom Sawyer is concerned with the escapades of a young boy living in a Mississippi River town during a summer in the 1840s. Tom lives with his Aunt Polly, his dead mother’s sister, along with his half-brother, Sid, and his cousin, Mary. By the second chapter, Tom’s mischievous character is revealed with the well-known fence whitewashing scene. Tom meets the new girl in town, Becky Thatcher, and falls in love with her. He begins an intense flirtation with her at school, which leads to his asking her to be â€Å"engaged† with him by lunchtime of her first day. Tom’s vagabond friend, Huck Finn, the town drunk’s son, asks Tom to meet him at the cemetery at midnight, to test the wart-curing properties of his dead cat. While there, the boys stumble upon the murder of Dr. Robinson by Injun Joe during a grave-robbing attempt. Muff Potter also part of the gang, is pinned with the crime by Injun Joe. Tom and Huck, however, are the only ones who know the truth. Tom, Huck, and another friend, Joe Harper, decide to run away from St. Petersburg to Jackson’s Island, in the middle of the Mississippi. There they live the life of pirates, frolicking day and night. After several days, the town prepares funeral services for the boys, by the time being convinced of their death. The boys dramatically return to town in the middle of the Sunday church services, and they are forgiven for their mischief. As the murder trial of Muff Potter gets underway, Tom is racked by guilt over allowing a man he knows to be innocent to be convicted. On the final day of the trial, Tom is called as a surprise witness, and he proceeds to finger Injun Joe with the crime, who springs out of the window and escapes. Tom and Huck stumble upon Injun Joe and a stranger at a deserted house on the outskirts of town, and learn of a stash of gold Joe is carrying. Becky Thatcher invited ... Free Essays on Tom Sawyer Adventures Free Essays on Tom Sawyer Adventures The Adventures of Tom Sawyer The Adventures of Tom Sawyer is concerned with the escapades of a young boy living in a Mississippi River town during a summer in the 1840s. Tom lives with his Aunt Polly, his dead mother’s sister, along with his half-brother, Sid, and his cousin, Mary. By the second chapter, Tom’s mischievous character is revealed with the well-known fence whitewashing scene. Tom meets the new girl in town, Becky Thatcher, and falls in love with her. He begins an intense flirtation with her at school, which leads to his asking her to be â€Å"engaged† with him by lunchtime of her first day. Tom’s vagabond friend, Huck Finn, the town drunk’s son, asks Tom to meet him at the cemetery at midnight, to test the wart-curing properties of his dead cat. While there, the boys stumble upon the murder of Dr. Robinson by Injun Joe during a grave-robbing attempt. Muff Potter also part of the gang, is pinned with the crime by Injun Joe. Tom and Huck, however, are the only ones who know the truth. Tom, Huck, and another friend, Joe Harper, decide to run away from St. Petersburg to Jackson’s Island, in the middle of the Mississippi. There they live the life of pirates, frolicking day and night. After several days, the town prepares funeral services for the boys, by the time being convinced of their death. The boys dramatically return to town in the middle of the Sunday church services, and they are forgiven for their mischief. As the murder trial of Muff Potter gets underway, Tom is racked by guilt over allowing a man he knows to be innocent to be convicted. On the final day of the trial, Tom is called as a surprise witness, and he proceeds to finger Injun Joe with the crime, who springs out of the window and escapes. Tom and Huck stumble upon Injun Joe and a stranger at a deserted house on the outskirts of town, and learn of a stash of gold Joe is carrying. Becky Thatcher invited ...

Nelson Mondela Essays - South Africa, Xhosa People, Nelson Mandela

Nelson Mondela Essays - South Africa, Xhosa People, Nelson Mandela Nelson Mondela Mandela of South Africa Nelson Mandela became president of South Africa in 1994. He is the country's first black president. He was elected by the country's National Assembly. The Assembly had been chosen in South Africa's first elections in which the country's blacks were allowed to vote. Blacks won a majority of the Assembly seats, and the Assembly selected Mandela as president. These developments marked the beginning of a new era in South Africa. They resulted in blacks gaining control of the government after a long period of domination by the white minority. Since 1991, Mandela had served as president of the African National Congress (ANC), a largely black group that opposed the South African government's policy of rigid racial segregation called apartheid(Connolly 2000, 45). He had long been a leader of protests against apartheid and was imprisoned in 1962 on charges of conspiring to overthrow the white-minority government. While in prison, he became a symbol of the struggle for racial justice. After being freed in 1990, he led negotiations with white leaders that eventually brought an end to apartheid and established a nonracial system of government(Katz 1995, 103). Mandela and then-President F. W. de Klerk of South Africa won the 1993 Nobel Peace Prize. They were honored for their work to end apartheid and to enable the country's nonwhites to fully participate in government(Dell 1995, 180). Nelson Rolihlahla Mandela was born in Umtata, in the Transkei territory of South Africa. His father was a chief of the Xhosa-speaking Tembu tribe. Mandela gave up his right to succeed his father and instead prepared for a legal career. He attended the University College of Fort Hare, studied law by correspondence at Witwatersrand University, and received a law degree from the University of South Africa in 1942. That year, in Soweto, he and a friend opened the first black law partnership in South Africa(Conolly 2000, 99). Mandela joined the ANC in 1944 and helped form the organization's Youth League. In 1948, the South African government established its policy of apartheid. The ANC called for equality for all races and began leading open resistance to the government. In 1956, the government charged Mandela with treason and other serious crimes, but he was found not guilty in 1961. The government had outlawed the ANC in 1960, but Mandela renewed the protests and went into hiding. One night in 1963 Nelson and Winnie were awakened by the South African police.(Derenberg 1991, 104). The police took Nelson away to jail. . He was sentenced to life imprisonment. Nelson was sent to Robben Island. That was the state's most guarded prison, ships couldn't come near it. It was considered a prison that no one could escape from. In 1983 and 1984 headlines started saying things like FREE MANDELA and LET MANDELA GO. People wanted to free Nelson so much that the whole world started to notice. Soon the United States and Great Britain were naming streets and parks after him. Human rights groups and universities were giving him honors and awards(Conolly 2000, 155). In 1984 a reporter was allowed to see Nelson for the first time. Nelson was offered his freedom in 1985 by president Botha, but Nelson refused it. Botha said that in order to go free Nelson had to agree to a lot of conditions: he had to live in the transkei and formally reject violence, among others. Nelson refused(Steoff 1990 168). In 1989 F.W. de Klerk became the president of South Africa instead of Botha. In 1990 de Klerk made some amazing statements: The ANC and sixty other organizations would be allowed to operate legally. Restrictions on three hundred and seventy-four people would be lifted. There would be a temporary halt to executions. The national state of emergency would soon be lifted. The government was committed to implementing a new constitution with no domination. And I am now in a position to announce that Mr. Nelson Mandela will be released at Victor Verster Prison. . . . We would like Mr. Mandela's release to take place in a dignified and orderly manner(Derenberg 1991, 190). On Sunday the 11th of February 1990 at 4:15 Nelson Mandela was finally free. He had been in jail for 27 years. After leaving prison, Mandela

Income and Wealth Distribution Essay Essays

Income and Wealth Distribution Essay Essays Income and Wealth Distribution Essay Essay Income and Wealth Distribution Essay Essay Globalisation refers to the process of increased integration between different countries and economies and the increased impact of international influences on all aspects of life and economic activity. Globalisation has been integrated into the Australian economy; it has embraced the global economy and pursued policies to integrate its economy with those of its region and around the world. China is now moving from a planned economy to an increasingly market base economy now being the world’s third largest economy with increasing globalisation. Strategies such as the open door policy, trade policy, microeconomic policies, welfare and the environment policy and the macro policies have directed China into becoming more Globalised; recent high growth performance has led to a rapid economic development. The Open door policy is a statement that reaffirmed the principle that all countries should have equal access to any Chinese port open to trade. In China it was adopted towards foreign trade and investment, with Special Economic Zones (SEZ’s) established in the southern and eastern coastal provinces of China. These zones attracted foreign investment and enterprises through a range of incentives. Trade in exports and important grew from 10% of GDP in 1978 to 36% in 1996. For China the importance of foreign capital lay in trade and access to overseas markets transfers of Western technology, and the receipt of management and marketing skills from MNC’s. China has introduced a ‘One child policy’ in order to sustain China’s population growth and improve China’s economic performance. In order to achieve growth in GDP, it must be greater than the population therefore they have to reduce the population to achieve this. Agricultural reforms between 1978 and 1994 involved the abandonment of the commune system and its replacement of the Household Responsibility System. This new system led to dramatic increases in food production and surplus income was invested in privately run own and village enterprises responsible for light manufacturing of industrial goods. China uses monetary and fiscal policies as counter cyclical tools designed to exploit economic opportunities or minimise risks to the economy. As China becomes more integrated in to the economy it becomes more vulnerable to external ‘shocks’ and movements in the international business cycle. The overall macro picture is one of the increasing strength in economic activity, and rising inflation as a consequence; keeping economic growth at 8%. The CPI increased 1. 5% in January 2010 and its forecast to increase a further 3% in 2010. Some commentators believe that this is not a concern because much of the increase in the CPI has been as a result of food price increases caused by poor weather in 2009. Macroeconomic tools must be used to boost domestic investment and consumption, as export seems weak as a result of the recession. The trade and investment policy was put in place to increase the exports and investment, as it is a major part of China’s economy. Export led policies have contributed strongly to development and living standards. Chinas exports in 2009 predictably suffered as the national’s large markets fell into recession. While this posed a significant challenge it gave china an opportunity to restructure. The sudden stall in economic growth was not caused by restrictive government policies but a result of insufficient growth models and unbalanced economic structure. An 11th five-year plan was implemented in 2005 to achieve a general trade balance and could either decrease exports or increase imports. China has sustained average rates of economic growth of between 6% and 8% for the past two decades. This rapid rate of economic growth has led to rapid resource use and environmental degradation. China is therefore experiencing sever environmental problems associated with resource depletion and environmental degradation. The Chinese government commissioned the OECD to conduct a study of the environment in 2007. This report found that unless pollution is controlled, by 2020 it would cause 600,000 premature deaths in urban areas and 20m cases of respiratory illness per year. The report also found that up to 7% of China’s annual GDP is lost because of pollution, and this could rise to 13% of GDP if stronger environmental laws are implemented and enforced. The Chinese government has begun to recognise and address the environmental problems that have emerged because of rapid economic growth and industrialisation. Targets have been set for pollution levels and there is a policy to move away from reliance of coal fired power generators to use of hydroelectric and nuclear power. A market has also been established for tradable emission permits, which gives firms an inventive to reduce their pollution levels by trading excess rights in a market. China’s impressive growth performance has not benefited all provinces equally. Large geographic disparities in income remain across provinces. There are two bases of differences. The first is the per capita incomes are higher in urban areas in the east and south of China compared to the rural areas in the north and south. The second is the per capita incomes are higher in the southern coastal provinces of China compared to the north, and in the eastern coastal provinces, compared to the western provinces. China is one of the few countries in the world performing well overall in the indicators for the Millennium Development Goals. Yet in recent decades, China has shown large disparities in economic and social outcomes between coastal and inland regions, a trend that reflects the differences between urban and rural areas. Coastal areas have consistently experiences faster economic growth because they benefit from their proximity to the Special Economic Zones such as Shanghai, where employment and income opportunities are greatest. The bulk of national income is concentrated in metropolitan and coastal regions as seen by the average growth of 13% five times the level of north-western regions.

Personal statement Essay Example | Topics and Well Written Essays - 500 words - 38

Personal statement - Essay Example I was compelled to reconsider my career options and I opted to transfer to Cornell University where I majored in biology as an undergraduate. Unlike my childhood dream of becoming a doctor, my decision to major in biology was founded on in-depth research and soul searching to match my choice of career with my personal skills and interests. During my major, I endeavored to undertake voluntary programs, attended seminars and conferences in effort to explore my utmost desire and further advance my skills in the field of biological sciences. One of my invaluable experiences as an undergraduate student was when I volunteered to work as a laboratory technician. For a period of one month, I had the opportunity to learn how to conduct a plasmid minirep, protein purification and western /dot blotting. I was further responsible for making agrose gel, SDS gel and the recording of laboratory notes. My desire to pursue biomedical engineering was cemented by the satisfaction that I got after solving lab research cases. I was able to acquire first-hand experience as a biologist within a clinical set up, which not only enhanced my personal skills but also instilled professional confidence within me. I have also been actively engaged in community work from 2009 up to date. I have offered community services through the UAE Red Crescent on 3 occasions, 2009, 2014 and 2015. Working as volunteer, I was responsible for the supervision of the medical laboratory and management of laboratory logistics. Working with the UAE Red Crescent enhanced my teamwork capability and communication skills with the members of the public. I also volunteered for the Foundation for the Elderly from 2009 to 2010 when I gained insight and lessons on having positive impact on the society. I was further compelled to participate in additional community works that included the Together for Benevolence project, Tenth campaign to

Principles of Accounting-- ratio analysis Essay - 2

Principles of Accounting-- ratio analysis - Essay Example This report provides the financial analysis of e-Generation. Financial ratios will be used as the main approach of financial analysis. Horizontal analysis will also be provided to compare the financial performance of the business in different periods. The calculations will be provided based on the software generated financial information for the business. Although the ratios will be provided for the month of January, comparison will be made between the results at the end of January and the results on 10th of January. This analysis will be important in understanding and evaluating the performance of the business in order to acquire information necessary for decision making by stakeholders. The profit margin foe e-Generation for the month of January is 10.61%. This means that for every unit of sales the company makes 0.1061 profits (Sutton, 2004). This means that the company is making positive profit. This reflects an increase from the profit margin of 10th January which was 8.33%. Therefore, the company controlled its expenses towards the end of the moth better than at the beginning of the month. The gross profit at the end of the month of 26.3% means that the company made a gross profit of 0.263 for every unit of sales. This is a good performance. However, it is a decrease from the gross profit made at the beginning of the month (34.04%). This means that the business managed its cost of sales in period 1 (beginning of January) than period 2 (end of January). The return on assets ratio was 4.08% at the end of the month, which means that for every single unit of asset the business earns a profit of 0.0408. On 10th January the business record ROA of 0.57% which means that the company earned more profits for every unit of assets in the end of the month compared to the beginning of the month. The ROE at period 2 is 12.06% which indicates that the company made a profit of 0.1206 units for every unit of equity invested by owners. This is a good

How does college experience affect future experiences Essay - 1

How does college experience affect future experiences - Essay Example ikely to be exposed to several benefits such as making different friends as well as business connections, in addition to meeting a potential mate or spouse. These are all very important aspects of one’s future life which is very much dependent on these vital early college interactions. More so, college experiences gives one access to various people, allowing an individual to learn more regarding various religions, personalities, as well as cultures, which one may not had prior exposure to in their places of origins, something that widens an individual’s perspective and knowledge(Murphy & Eddy,1998). College life also equips one with critical interpersonal values and skills such as the chance to interact with fellow students and faculty by joining student clubs and organizations, as well as participating in debates and discussions. Through such organizations one develops positive values such as entrepreneurship, critical thinking, exploring of various other career options and provision of networking value. This makes college graduates to be not only more productive in life, have happier lives but also live longer. In addition, college graduates embrace positive values in life such as having health insurance together with retirement plans, thus enabling them to live full and well planned lives (Siegel, 2010). However college experience has got its own consequences such as stress which may result in health issues as well as other related negative consequences due to the need to perform well, AIDS fear, grade competition, career choices as well as several aspects of college environment. Lastly, college debt forces students to delay their financial freedom, marriage as well as other milestones in adult

AT&T Essay Example | Topics and Well Written Essays - 250 words - 1

AT&T - Essay Example The platform features cost-savings, convenient online account management tools as well as 24/7 technical support and help to the companies. This has attracted a wide pool of companies thereby increasing their customer base thus assuring AT&T huge profits for the foreseeable future. Secondly, the company engages in mergers and acquisitions. For instance, it recently assented to acquire 49 Advanced Wireless services. This has the potential of extending the coverage by more than 50 million people in 14 states (seekingalpha.com). This will add the company’s spectrum thereby increasing its ability to meet the ever-increasing mobile Internet services’ demand. AT&T Inc. will be able to roll out its network in new markets thus increasing business. Lastly, AT&T Inc. is undergoing migration from TDM to IP. This will ensure reliable broadband Internet thereby improving data security and business continuity (forbes.com). According to John Donovan, a senior VP at AT&T, this migration will increase business because a greater amount of enterprise customers are adopting fiber and IP-based services. The device financing initiatives of AT&T also appear to be booming with subscribers and hence should increase business by improving

Understanding the Law Essay Example | Topics and Well Written Essays - 1750 words

Understanding the Law - Essay Example While the binding principle of judicial precedents applies to ratio decidendi as applied in the original case, obiter dicta do not bind. This means that in cases where a judge is bound to use a precedent, the judge must apply the rules of law that were applied by the former judge as ratio decidendi. Other elements of the precedent case that do not form part of the precedent’s ratio decidendi are not binding (Robertson, 2010, p. 20). Types of judicial precedents Application of judicial precedents defines the types of precedents that have been identified in the judicial system. A judicial precedent can be original, binding, or persuasive. An original precedent is a first establishment of rule of law in cases where no precedent has been laid. This occurs when the facts of the case at hand does not correspond to facts of any other case for which a rule of law has been established in interpretation of the law. The presiding judge therefore establishes a precedent to the case called original precedent. A binding precedent is on the other hand a judicial decision that has already been established in a previous decision and whose application binds a judge. The principle of a binding precedent imputes a judge’s obligation to apply an already established precedent irrespective of the judge’s opinion over the principle of law as was established in the earlier case. This application is based on the rule that decision of a higher court binds judges of lower courts (Robertson, 2010, p.18- 19). Persuasive precedents are however not strictly binding to a judge as the judge has the freedom to either apply the precedent or not. This means that unlike in the case of a binding precedent, application of a persuasive precedent is at the... Understanding the law The paper will explore concepts of the two legal applications. Judicial precedents Judicial precedents, as defined by Robertson, are a source of law that originates from the judicial system. The doctrine of precedents establishes former decisions by judges to form ground for decisions to be made by other judges in future cases. The doctrine is based on the principle that an established rule of law through decisions of judges should remain standing. Robertson argues that the doctrine establishes ground for â€Å"fairness and certainty of law†. The doctrine of judicial precedence is a deviation from the traditionally perceived judicial role of interpretation of the law for implementation. While the primary role of the judiciary is to determine the best meaning in application of law in litigations, the doctrine of judicial precedents offers the judiciary a law making authority. This is because judicial precedents are recognized source of law in which an already established decisi on is to be applied in future cases involving similar facts. Application of judicial precedents however relies on two principles, ratio decidendi and obiter dicta. While the jury limits the powers of the judge in determining the case, the judge ensures that jurors are properly selected to eliminate chances of bias. The above views are therefore completely justified within the concept of democracy, openness, and fairness of the jury process.

To advise on a suitable investment portfolio and investment management Essay

To advise on a suitable investment portfolio and investment management strategy - Essay Example uilding, specifically of a denomination with an Episcopal hierarchy (such as the Roman Catholic Church or the Anglican churches), which serves as the central church of a bishopric. As cathedrals are often particularly impressive edifices, the term is sometimes also used loosely as a designation for any large important church. (en.wikipedia.org/wiki/Cathedral) For decades, the Wyechester Cathedral has been playing an important role in our society. Like every organization, it also needs funds to operate in an effective and efficient manner. Primarily, churches are the responsibly of our government to bear their expenses. But, generally, they receive donations from individuals and organizations to run their business. For the betterment of people and our society, the Wyechester Cathedral has been involved in several activities; it ties to focus on all the important aspects of our society such as environment, people, services, art and heritage. The Wyechester Cathedral raised an appeal for funding and received a significant amount of  £7 million in a short period. As soon as it received the funds, the cathedral has invested in a few very important projects that need to be started as soon as possible. The amount of the investment was  £3 million. Now, the cathedral only has  £4.5 million that need to be invested in a proper manner so that it can run their operations and bear the expenses, including the bishop’s palace expense, throughout the year. The church has also bought a building at an ideal location for its priceless collection of ancient books and manuscripts. The cost of the deal was  £1.8 million – a pretty low cost as compared to the current market value. In order to run its operation, the cathedral should have a solid investment portfolio to survive on its own. â€Å"A portfolio is merely a combination of resources. Portfolio theory illustrates how an investor can attain his best possible portfolio position. Portfolio theory is depends upon the statement

AT&T Essay Example | Topics and Well Written Essays - 250 words - 1

AT&T - Essay Example The platform features cost-savings, convenient online account management tools as well as 24/7 technical support and help to the companies. This has attracted a wide pool of companies thereby increasing their customer base thus assuring AT&T huge profits for the foreseeable future. Secondly, the company engages in mergers and acquisitions. For instance, it recently assented to acquire 49 Advanced Wireless services. This has the potential of extending the coverage by more than 50 million people in 14 states (seekingalpha.com). This will add the company’s spectrum thereby increasing its ability to meet the ever-increasing mobile Internet services’ demand. AT&T Inc. will be able to roll out its network in new markets thus increasing business. Lastly, AT&T Inc. is undergoing migration from TDM to IP. This will ensure reliable broadband Internet thereby improving data security and business continuity (forbes.com). According to John Donovan, a senior VP at AT&T, this migration will increase business because a greater amount of enterprise customers are adopting fiber and IP-based services. The device financing initiatives of AT&T also appear to be booming with subscribers and hence should increase business by improving

To advise on a suitable investment portfolio and investment management Essay

To advise on a suitable investment portfolio and investment management strategy - Essay Example uilding, specifically of a denomination with an Episcopal hierarchy (such as the Roman Catholic Church or the Anglican churches), which serves as the central church of a bishopric. As cathedrals are often particularly impressive edifices, the term is sometimes also used loosely as a designation for any large important church. (en.wikipedia.org/wiki/Cathedral) For decades, the Wyechester Cathedral has been playing an important role in our society. Like every organization, it also needs funds to operate in an effective and efficient manner. Primarily, churches are the responsibly of our government to bear their expenses. But, generally, they receive donations from individuals and organizations to run their business. For the betterment of people and our society, the Wyechester Cathedral has been involved in several activities; it ties to focus on all the important aspects of our society such as environment, people, services, art and heritage. The Wyechester Cathedral raised an appeal for funding and received a significant amount of  £7 million in a short period. As soon as it received the funds, the cathedral has invested in a few very important projects that need to be started as soon as possible. The amount of the investment was  £3 million. Now, the cathedral only has  £4.5 million that need to be invested in a proper manner so that it can run their operations and bear the expenses, including the bishop’s palace expense, throughout the year. The church has also bought a building at an ideal location for its priceless collection of ancient books and manuscripts. The cost of the deal was  £1.8 million – a pretty low cost as compared to the current market value. In order to run its operation, the cathedral should have a solid investment portfolio to survive on its own. â€Å"A portfolio is merely a combination of resources. Portfolio theory illustrates how an investor can attain his best possible portfolio position. Portfolio theory is depends upon the statement

Italy embraces Welsh Literature Essay Example for Free

Italy embraces Welsh Literature Essay The Italians have fallen for Welsh literature, if the trend of publication (18 books in 9 years with more to follow) has anything to go by. However, its not exactly a sudden connoisseurship that this country, an inveterate contributor of Arts and literature, is bent on to prove. It has more to do with the bond that developed through the migration of a chunk of Italians to Wales in the 20th Century, besides having somewhat similar appetite for Romantic art and culture. The latest from the Welsh stable are, The Canals of Mars (poetry collection) by Patrick McGuinness, Minhinnick (anthology of contemporary Welsh poetry), The Prince of Wales (a novel on modern Cardiff) by John Williams and Y Pla (The Plague, a novel) by William Owen Roberts. Thus, translations are doing fine with experts in zone like Andrea Bianchi and Silvana Siviero, who are translating their 11th book from Wales. Bianchis own poetic prowess joined with Ms Sivieros 13 years of on the soil experience. High on success, they have branded their works as Parole dal Galles (Geiriau O Gymru). Close on the heels are six other publishers. The literary magazine from the University of Venice through its ‘Welsh Literature Section’, also provides encouragement. With three volumes of poetry by Robert in the pipe line, along with publishing prospect of the books by poets Gillian Clarke and John Barnie or the novelist Caradog Prichard, both the market and its producers are upbeat about the future. The poet, Gwyneth Lewis or Sioned Puw Rowlands, the director of Welsh Literature Abroad – all attribute this enthusiasm to the orchestrated effort produced by the parties from both the sides, save the Italian readers interest, which they have already proved by their rousing reception to the novelist Trezza Azzopardi.

The Civil Rights Act Of 1964

The Civil Rights Act Of 1964 The Civil Rights Act of 1964 ridded the nation of this legal segregation and cleared a path towards equality and integration. The passage of this Act, while forever altering the relationship between blacks and whites, remains as one of historys greatest political battles. The first of its kind since the Civil War, this bill drastically called for the end of all segregation in all public places. In the eyes of the civil rights movement leaders, this bill was long over due. Kennedys crusade began slowly to the dismay of many civil rights leaders in February of 1963. He began by sending the United States Congress a Special Message on Civil Rights, stating, Our Constitution is color blind, but the practices of the country do not always conform to the principles of the Constitution(Loevy, 5). Kennedy received praise for these strong and moving words yet was criticized for his weak legislative proposals to remedy the situation. By May of 1963, his proposal would change greatly however, after two men, from opposite positions set the civil rights movement into intense motion. Martin Luther King despite advice to do otherwise began massive protests in the street of Birmingham. To combat these protests, Police Commissioner Bull Conner used any means, including dogs, fire hoses, and electric cattle prods on protestors. Making newspapers and television everywhere, the Birmingham atrocity along with Kings famous Letter from Birmingham Jail, ignited the moral conscious of Americans nationwide. While Conner earned a negative reputation, President Kennedy wisely commented, Bull Connor has done more for civil rights than anyone elseThe civil rights movement should thank God for him. He has helped it as much as Abraham Lincoln (Whalen 86). The apparent Birmingham defeat for King in re ality was the key point in which the battle to win civil rights became a national fight with the President as one of its strongest allies. Before the Birmingham situation, Kennedy kept a fragile balance with the civil rights activists and the Southern Democrats. While in office, Congress consisted of a great number of Southern Democrats with some liberal Northerners and Western Democrats (Loevy 8). In order to pass many of his liberal programs, a large number of them economic, Kennedy needed the support of these Southern Democrats. To add to this complicated situation, Kennedy knew that while the Southern Democrats would not support civil rights proposals directly, his economic plans, including aid to education and raising the minimum wage, if approved, would benefit the black population. Kennedy also needed the Southern Democrats voter support in the upcoming 1964 presidential election to secure re-election. Any aggravation to this party would only guarantee a loss for Kennedy. Motivated by the Birmingham situation, by the summer of 1963 Kennedy could no longer placate the Southern Democrats by leaving civil rights legislation untouched. Although realizing how action could endanger his chances for re-election, he saw beyond politics and into the moral issue. With public support Kennedy was willing to wage in the political war that would inevitably ensue. Kennedy and Johnson both were very aware of the walls that Congress would build to stop any proposals involving civil rights. Immediate and effective action became the new focus. Together Kennedy, Johnson, and the civil rights leaders combined efforts to achieve speedy and thorough results. By May 31, 1963, Kennedy announced his plans for the civil rights movements to the public. First hand attempts to maintain segregation by the outspoken racist Governor George Wallace of Alabama provided Kennedy with the ideal timing to deliver his message. Before even outlining the details of his new proposal he told the nation, Next week I shall ask the Congress of the United States to act, to make a commitment it has not fully made in this century to the proposition that race has no place in American life or law (Loevy 17). Immediately thereafter, he and Johnson headed meetings to outline the plans. The Leadership Conference of Civil Rights consisting of fifty or so civil rights organizations which had previously been established after Kennedys initial proposals, called for a meeting on July 2nd inviting its participating members but also extended invitation to an additional fifty religious groups and other possible helpful groups. The organization finally felt confident in fighting for this bill with unanimous determination to overrun possible roadblocks by mobilizing the nation behind the bill (Berman 57). Despite administrative support from Kennedy and Johnson, their goal remained difficult to achieve. The Leadership Conference dedicated their goals to achieving a Fair Employment Practices Commission (FEPC), a provision called Part III, named after the third proposed Eisenhower administration civil rights bill, and eliminating segregation in all accommodations. The FEPC would consist of enforcing employment equality and fairness while the Part III would allow the United States attorney general to file civil rights suits, thereby relieving individuals of filing a suit which could cause dangerous retaliations. Knowing the approval of this proposal would be hard to attain the Leadership Conference strove for all, while accepting that concessions would most likely have to be made. Still attempting to mobilize the public and get the bill some attention, the civil rights activists continued to demonstrate. The March on Washington for Jobs and Freedom, headed by King, had over 200,000 participants and proved those who feared violence wrong. The protest continued with peace while the crowd repeated, Pass the Bill (Levy 24). Despite the success of the protest in Washington D.C., the Leadership Conference was having a hard time getting the proposed bill past the House Judiciary Committee. The Bill needed to be tailored to get the future approval of both the Republican and Democratic civil rights supporters, enough to overrule the perceived resistant Senate by 2/3s vote if necessary. Yet the bill could not be so tailored that it be minimally effective in the eyes of the Leadership Conference. Finally after a plea to the House Judiciary Committee by Robert Kennedy, the Attorney General, a bill hoping to please all parties moved to the House of Representatives. However when it appeared that the bill was finally making some headway, the unthinkable happened, President Kennedy was assassinated. Many civil rights leaders feared that Johnson, originally from the South, would not push for the bill as Kennedy had. However, Johnson surprised many when he pushed for the bill as before. In his first address to Congress after Kennedys death, Johnson stated, No memorial oration or eulogy could more eloquently honor President Kennedys memory than the earliest possible passage of the civil rights bill for which he fought so long (Loevy, 356). By that February the bill made its way through the House of Representatives with a vote of 290-130. Resembling Kennedys October 1963 proposal the House of Representatives surprised many by adding an amendment guaranteeing women as well as minorities to the protection of employment opportunity section of the bill (Loevy 357). Once in the Senate, however, the bill faced its biggest challenges, including the infamous filibuster, or talking the bill to death. Since the Senate allows for endless debate on bills, making the filibuster a clever tactic, a cloture or two-thirds vote is necessary to overrule and end any debating. From March to June the bill was debated in the Senate until finally a vote of 71-29 on June 10, 1964, overruled the filibustering Senators. For the first time in American history, a southern filibuster of a civil rights bill was stopped by a cloture (Loevy 360). The civil rights supporters were satisfied with the fact that the bill included ending segregation in nearly all public places, cut off United States Government funds to programs that discriminated, and guaranteed equal employment opportunity. In order to avoid a second filibuster, the House of Representatives approved the bill with the Senates amendments making the civil rights bill the Civil Rights Act of 1964 on July 2, as Pres ident Johnson signed the bill in one of the largest bill-signing ceremonies ever. The political fight that occurred in the Senate by determined Southern Democrats will forever remain as one of the greatest legislative showdowns in American history. After passing the Civil Rights Act of 1964 however, no longer could segregation be legal or tolerated. In public places the rights of a black person were to be equal to that of a white person. In employment, blacks, minorities, and women could not be discriminated against. The federal government cut off funds to any business, educational institution, state or local government that practiced racial discrimination. To enforce the Civil Rights Act of 1964, the law also stated that the United States Department of Justice and the Federal Bureau of Investigation were to intervene in situations in the South where blacks continued to be denied civil rights. The Civil Rights Act of 1964 not only changed the United States on a social level but politically too. This bill set the precedent for using a cloture to stop a filibuster in the Senate. Similar cloture votes in 1966 and 1968, with bills for equal voting rights and guaranteed equal housing respectively were used to stop Southern filibusters. The Civil Rights Act also proved that mass demonstration and peaceful protesting are heard in Washington D.C. Martin Luther King and the Leadership Conference started with nothing and achieved everything. From the segregated South those who fought for the Civil Rights Act of 1964 changed the course of American history and ridded the nation of inequality under the law.

Economy :: Unions Labor Work Papers

Unions Why Unions? "Unions are groups of working people who join to talk to employers about wages and conditions of work instead of workers talking to employers on an individual basis."1 Because they speak for everybody, unions can get a better deal for each worker than one employee could by negotiating with the employer. As seen in the short movie "WHY UNIONS?", non-unionized workers talks about the unfair treatment they experience in the work place. Through collective action, workers formed unions so they could have a voice in deciding wages, hours, working conditions and dealing with the many problems arises in the workplace. Unions are not just organizations trying to get more dollars and cents or better working conditions for people who hold union cards. People who don't enjoy the benefits of union protection get benefits too. "The labour movement was in the forefront of the struggles for public health care, for public education, for minimum wages, holidays and employment conditions."2 1 D. Martin, Form War To Peace, Canadian Labour Congress, Quebec, 1991, P.17 2 Notes On Unions, Canadian Labour Congress, Quebec, 1992, P.1 Union Nowadays "Unions are like businesses: their success depends upon attracting and retaining buyers (new members). Recently, one of the major problems faced by the union movement is that few Canadians understand what services unions come into public."3 The public also don't know the union is also helping Canada in other parts of areas such as economy, etc. The public think that the only time unions come into the public's eye is as a result of strike or withdrawal of services. This is because of the impressed strikes held by the union workers. The memorable one would be the strike held by the Toronto Transit Commission workers back in September 1991. The lack of transportation resulted in inconveniences among the public. The Canadian public becomes upset over conflict. The strikes make the public forget about the contributions of unions in other areas. "From a marketing perspective, the union movement has positioned itself like the nuclear industry -- it receives attention only when it is about to blow up, melt or leak."4 Five important needs for union movements are: 3 Alistair Davidson and Ian Mckinnon, "Unions need to study marketing," The Globe and Mail, May 8 1984, Business section, P.8

Essay --

The Time Is Now To Remove Advanced Practice Registered Nurse Scope of Practice Barriers As Americans enter into the dawn of the Affordable Care Act of 2014; and the open enrollment period has begun to allow access to the Health Insurance Marketplace as part of the U.S. healthcare reform 32 million Americans are expected to become newly insured. It is now the time that Advanced Practice Registered Nurse (APRNs) scope of practice barriers is abolished to allow APRNs the right to practice within the full extent of their education and training. APRNs include nurse practitioners; certified nurse midwives, certified registered nurse anesthetists, and clinical nurse specialists (Luterek, 2013). The Institute of Medicine (IOM) has encouraged the removal of the APRN scope of practice barriers, to legally permit the unrestricted ability to practice within the full degree of their education and training. The IOM noted that as millions of Americans are predicted to access healthcare services under the federal Affordable Care Act, APRNs should be in the forefront to provide that car e (ANA, 2011). Not surprisingly, Nurse Practitioners (NPs) have been providing exceptional health care since 1965 (NPWH). Today, over 125 thousand NPs practice nationwide (NPWH), and see greater than 600 million patient visits each year (ANA, 2011, p. 1). They are legally authorized to practice in all 50 states. NPs are regulated through their state's nurse practice act. They undergo extensive training and national board certification within a population specialty such as family, adult, gerontology, pediatrics, neonatal, acute care, women's health or psychiatric health demonstrating their expert knowledge and continued competence (NPWH). The national shortage of p... ...ope of Practice Barriers for Illinois Advanced Practice Nurses. Health and Medicine Policy Research Group. Chicago: Health and Medicine Policy Research Group. Retrieved February 8, 2014, from http://hmprg.org/assets/root/PDFs/2013/01/Nurse-Practice-Act-Position-Paper-Final.pdf NPWH. (n.d.). NP Facts. Retrieved February 10, 2014, from Nurse Practitioners in Women's Health Caring for Women: http://www.npwh.org/i4a/pages/index.cfm?pageid=3339 RWJF. (2013). Putting the Skills, Knowledge, and Experience of APRNs to Full Use Latest Charting Nursing's Future brief focuses on barriers to practice and how some institutions are overcoming them. Robert Wood Johnson Foundation. Robert Wood Johnson Foundation. Retrieved February 10, 2014, from http://www.rwjf.org/en/about-rwjf/newsroom/newsroom-content/2013/07/putting-the-skills--knowledge--and-experience-of-aprns-to-full-u.html