Building Positive Relationships Are Not Easy For Most...

Introduction In today’s world, creating positive relationships can get you a long way in life. Whether that’s knowing someone that can help you get a job or getting into a good college. Breaking positive relationships can leave you with no one by your side when you are in need for help. â€Å"Relationships are built on integrity† (Ellis, 2014, p.109). So when you break a promise with your boyfriend your relationship may be strained (Ellis, 2014, p.109). Building positive relationships are not easy for most people. I am one of these people because I am not really a people person. I don’t feel comfortable talking to people if I don’t know them that well. This is one thing I need to work on to be successful in my future. Information Powerful speaking is one good way to keep agreements or relationships. Think of this exercise as each level as one rung on a ladder (Ellis, 2014, p.109). The lowest rung on the ladder is obligation which means we feel passive and helpless to change anything (Ellis, 2014, p.109). For example, words that are used during this level may include I should, he out to, someone better, they need to, I must, and I had to (Ellis, 2104, p.109). â€Å"Note: When we move to the next rung, we leave behind obligation and advance to self-responsibility† (Ellis, 2014, p.109). This also occurs for the rest of the rungs. The next rung is possibility which means we examine new options at this level (Ellis, 2014, p.109). Phrases you might hear at this level is I might, I could,Show MoreRelatedThe Definition Of Leadership And The Importance Of Leadership875 Words   |  4 PagesLeadership Reflection Essay The purpose of this essay is to ruminate on the definition of leadership and the importance of leadership in an organization. The commitment to lead, guide, and inspire other people has an impact on the organization, but, what is leadership? Leadership can be defined and applied in various ways. A leader must have a vision which guides the team to succeed in meeting a goal. A leader must be flexible to adjust to the different variables and treat each individual usingRead MoreA Situation At Mufg Union Bank886 Words   |  4 PagesIntroduction Organizational change becomes inevitable for a company to grow and succeeds. Organizational change is often a challenge that is met with resistance by some, disinterest with others, and welcome by few. The most important aspects are finding a process that make sense to everyone involved and fit the needs of the organizations. Sometimes implementing changes in culture of the organizations involves a different way of doing business practices. This paper will seek to analyze a situationRead MoreBuilding An Effective Technology Support Team1517 Words   |  6 PagesTECHNOLOGY SUPPORT TEAM Building an Effective Technology Support Team Introduction These days our society is totally interlink with the latest technology and it is almost impossible to exist without it. Along with the several benefits that technology provides, it also causes some problems and issues. Therefore, technical support is needed to solve these issues and make use of technology easier for the users. Making a technology support teams is not as easy to just simply choose people because these teamsRead MoreMarketing Analysis : Starbucks s Indian Market988 Words   |  4 PagesRelationship marketing is not a form of marketing that focuses on ‘point of sale’ transactions, it is more about creating and holding long-term relationships with customers (Marketing-schools.org, n.d.). It allows a firm to maximise the value of relationships with their customers by refining the process by which they operate. At Starbucks, marketing is mainly about building connections with their customers and much less about passive communication through mass media advertising (Maheshwari, 2015)Read MoreGetting It On ( Line ) : Sociological Perspectives On E Dating1709 Words   |  7 Pagesdating in society and how it affects intimacy. Intimacy is described as an â€Å"emotional/romantic and/or sexual relations between adults, ranging from one-off interactions to sustained offline relationships†(Barraket and Henry-Waring 2008). In comparison, online dating is a â€Å"purposeful form of meeting new people through specifically designed internet sites† (Barraket and Henry-Waring 2008). However, this paper compares the concept of online dating and traditional face-to-face dating in aspects of genderRead MoreCritically Discuss the Factors Which Contribute to Building Cohesive Groups/Teams.1209 Words   |  5 PagesCritically discuss the factors which contribute to building cohesive groups/teams. The purpose of the essay is to discuss what factors can contribute to building cohesive groups. There are many factors which can be useful in developing perfectionism within a group. These factors are as follow: membership and work environment factors, organisational factors and group development and maturity. Meredith Belbin’s nine team roles also determine the degree to which cohesiveness is maintained. In orderRead MoreCommunication and Trust between Leaders and Followers1112 Words   |  4 PagesOne of the most important factors when determining whether or not companies and their employees will obtain, and maintain a high level of performance is the level trust between leaders and followers. Trust must be earned and is very easily lost. Trust is an everyday end ever, a foundation that is built brick but brick. Trust is never a consistent situation based on facts. Most relationships have a different level of trust that are needed for people to work together efficiently. Most companies haveRead MoreStudent Relationship With Student Relationships1720 Words   |  7 Pages2017 Teacher - Student Relationship Considering that most students spend five to seven hours a day with their teacher for almost ten months, it is safe to say that school is a big part of a student’s day to day life (Urooj). Since students spend most of their time in schools, it is import for them to have a positive relationship with their teachers. A positive teacher - student relationship is a relationship that has emotional support toward the students, and has a positive effect on the student’sRead MoreList The Three Prescriptions That Serve As The Foundation For Development Of Relationship Strategy1183 Words   |  5 Pages Chapter 3 1. List the three prescriptions that serve as the foundation for development of relationship strategy. Values Clarity Support 2. How important are establishing, building, and maintaining relationships in the selling process? List the four groups of people with whom sales personal must be able to work effectively. In a consultative sale, building a relationship is important to create identification with one on one communication with the customer to keep the customerRead MoreWhale Done By Ken Blanchard1307 Words   |  6 Pagesthe power that his Whale Done strategy can have on a manager’s relationships, not only with his employees but also with his family and friends. Blanchard argues that his strategies, including redirection and accentuating the positive, can make a major difference in work and family relationships. He believes that these strategies will increase employee productivity and forge stronger relationships through positive interactions. In an easy-to-read, informative style, Blanchard communicates how I can

A Theory of Human Motivation Free Essays

A Theory of Human Motivation There are five basic hierarchical needs that each person must satisfy in order to achieve self-fulfillment. These needs begin with physiological, which includes the automatic drive to fulfill one’s basic nourishment from food, water and air, as well as the choices in the selection of these needs. If these basic physiological needs are not met, all other needs will be ignored until these are satisfied. We will write a custom essay sample on A Theory of Human Motivation or any similar topic only for you Order Now Second is the person’s need for safety, which yields to short term and immediate dangers before considering other long term concerns to maintain safety in the future. The motivation to fulfill these needs include relieving physical discomforts such as pain or temperature extremes, avoiding hazardous risks that could potentially cause harm to one’s self, and also seeking surroundings that are familiar. Once the first two needs have been met, a person will focus on finding acceptance with others, not only with sex, but as a sense of belongingness with a person or groups that has a mutual concern for one another. Failure to satisfy the need for love often results in psychological maladjustments and disconnection in the future. The next is the esteem needs, which is the desire for respect from one’s self as well as respect from others. The next need for self-actualization refers to a person’s desire to become whatever they imagine themselves capable of. If all other needs are satisfied then that person will then seek to improve one’s own self in a way that they feel themselves capable of, and that varies from person to person. While further needs are seldom pursued, the final need is the desire to know and to understand that which has been previously unanswered. This is a need to satisfy one’s greatest curiosities in the final stage of self-fulfillment. Once a need is fulfilled and higher needs become satisfied, a person may shift their attention back to more basic needs that have since been depleted or lost. These needs are only applicable in humans and the study of these needs on animals does not suggest anything about the higher needs of human motivation. How to cite A Theory of Human Motivation, Papers

To Kill a Mocking Bird Analytical Response free essay sample

Fred Durst an American musician and film maker, said â€Å"Its amazing how, over time, a persons perspective can be altered.† This stands true for almost all people. Most people’s perspective will change after they experience different events. In Harper Lee’s book, To Kill a Mockingbird, we watch as Scout changes her perspective. The book describes a series of events that changes their innocence, shaping their character and teaching them about human nature. Throughout the story, three main events and show this transformation, the trial, when she stands on Boo’s porch and Atticus. Harper Lee develops the idea that one’s loss of innocence often changes one’s perspective. During the trial of Tom Robinson, Scout, Jem, and Dill sneak into the trial and, while watching the trial, they are exposed to many different perspectives and opinions. The trial consisted of two main perspectives Tom Robinson was guilty because of his race and the opinion of judging Tom fairly not just by his race. We will write a custom essay sample on To Kill a Mocking Bird Analytical Response or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In the trial, Bob Ewell and his daughter, Mayella claim that Tom Robinson raped and beat Mayella. However, Atticus proves that Tom is innocent because Tom’s left hand has no muscles so it cannot move and Mayella was beaten in places mainly that a left-handed person would do. It is pretty clear that Tom is innocent, however when the jury comes back with their decision they rule Tom guilty. The jury accused Tom as a criminal just because of his race. Other people present in the courtroom such as Atticus believed that everyone should be treated fairly under the justice system. This experience changes Scout because she loses some of her innocence in realizing that everyone is not all they seem to be. She realizes that in reality many people are racist and just judged Tom on his race instead of judging him fairly. When Scout stands on the Radley porch she begins to understand Boo’s perspective. After Boo Radley saves Scout and Jem from Mr. Ewell and talks to Atticus and Mr. Tate, Scout walks Boo home. When Scout is standing on the porch she looks down the street. She had not seen the neighborhood from this angle. She looks around and understands what Boo must see. While she is standing on the porch she goes through what Boo must have seen during the past years. She realizes that Boo did not want to be rewarded and recognized  for saving her life; he liked living out of the limelight. By standing there she fully understands what Atticus meant by you can never really understand a man until you step in his shoes and walk around in them. When Scout was looking on the outside at Boo Radley she didn’t understand why he acted and lived the way he did. By standing on the Radley porch Scout finally realizes and understands why Boo wanted to keep sheltered in his own house and how Boo acted after all those months. In the story, Scout’s father, Atticus, plays a crucial role as Scout grows up. As Scout experiences more and more new events, Atticus helps her understand them and understand other people’s perspectives. Atticus helps Jem and Scout understand the perspective of Mrs. Dubose and even when she yelled at them and insulted Atticus he still thought she was a great lady. Atticus understood Mrs. Dubose and helped her in whatever way he could. Through this Atticus showed Scout that there is usually some good in everyone after you finally understand him or her. Throughout the trial, Atticus taught her how to never judge a person by their race but that every man should be treated equally and judged equally. As Scout grows up and her perspective changes Atticus taught her important lessons such as looking for the good in people and to understand other peoples perspectives as shown, by this quote from Atticus. â€Å"You never really understand a person until you consider things from his point of view until you climb into his skin and walk around in it. During the story, we follow Scout as she grows up. We see as she begins to understand other people’s perspective. We realize during the trial that many people have different perspectives and that not everyone is treated fairly. When she stands on the Radley porch she finally steps into Boo’s shoes and begins to understand his perspective and what he saw throughout the story. Atticus helps Scout realize that there is usually good in most people and that you can never fully understand people until you step into their shoes. As Scout loses her innocence, her perspective also changes and changes the way she views different people and the world around her.

Rhetorical Strategy Commercial Essay free essay sample

Commercials are not always just informative, some convey a message so strong it leaves you thinking about it when it’s over. Most people could care less about watching commercials and would consider them a waste of time, but an opposite handful comes to find them interesting and useful. Many commercials target certain audiences, having the ability to draw the viewers in closer and closer wishing that it were never over. The Guinness Basketball Commercial of 2013 was a top-viewed ad around the nation for it is something that you do not see everyday. When watching this commercial rhetorically, you see things that many normal viewers would not and how well directed this piece of work really is. The Guinness Basketball Commercial exemplifies the aspects of Pathos and Ethos, delivering a inspirational message nationwide through the use of dedication, loyalty, and friendship. This commercial demonstrates dedication, giving up one’s own time to better off a friend that they care about. We will write a custom essay sample on Rhetorical Strategy Commercial Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In the video, nine normal men play wheelchair basketball with their friend who is disabled and cannot enjoy the same experiences they are able to. This is very powerful because you are able to extract the fact that there is not a shot these men would be playing like this if their other friend did not have the ability to walk. Using the rhetoric concept of pathos, the audience is drawn into a state of inspiration and feels what the disabled character has to go through. When they stop playing, the other nine men stand holding the door open for their friend and exit the gym. This makes the audience feel the entitlement of respect for the players who give up their legs just to make their buddy feel included. The disabled man is filled with joy that he has a group of friends who are willing to do anything to make him feel a part of something. This is shown by his positive body language and reactions. The end of the commercial is composed of them going out for a drink after a hard fought, while fun game of basketball. The director is easily able to connect to the focused audience making them want to watch it over and over again, creating more success for the commercial. All in All, through dedication the commercial is titled as one of the most inspiring and most watched ad in 2013. The commercial also delivers a strong message through the use of loyalty for one another. This commercial connected to me especially because I have the type of friends where I know they would do the same for me if I were in a situation like this. While watching this ad, the audience does not know that the other players are able to walk. When finding out, you are given a feeling of happiness and awe not expecting this would be the outcome. This video really captures the element of pathos to make sure the audience stays focused on the commercial with the competitive gameplay and inspiring music in the background. Faithfulness is enticed throughout the entire commercial because even if they were all disabled, it is clear that this group of friends would stick together through any obstacles thrown their way. Even though the commercial does not give away the message of loyalty right away, you can still see glimpses of devotion between the characters and how much they care for each other. After all that is the meaning of being loyal, having someone’s back no matter how bad the outcome looks. This commercial is intended for a more specific audience rather than the general public. Mainly for those who have a good friend that cannot share the things that they are able to do and are willing to help them out. It may even be for those who do have a problem or disability who want to experience activities others can. The possibilities are endless and loyalty is a major characteristic played in the creation of this commercial. Lastly, this commercial is based off the sole purpose of friendship and what it means to be a good friend. While watching you can already tell this group of guys are comfortable with each other and have a strong bond. But when the defining moment comes and you see them stand, the audience is mind blown and friendship becomes an understatement. Sympathy is given to the character in the wheelchair, but at the same time an emotion of jealousy is also exposed towards him for having such a solid gang that cares and loves him. This makes the viewers start to ask themselves, do I have the type of friends that would do the same for me? That one final scene of them sitting around the table and having a beer, defines pathos the most. You see so many other videos and photos of men talking and smiling drinking a beer, it almost acts as a universal definition of the term friendship. The beautiful thing about this commercial is that it is very rare. You don’t hear of everyday situations like this one happening, so it makes it that much more special adding inspiration. And for those that are caught in a situation like this, words cannot even describe how much this ad must have meant to them. Even though many people are not affected or can relate to themselves to this commercial, it gives a sense of hope that there is still good in this world and true friendship still exists. This ad also embeds the rhetoric concept of ethos to tie in credibility along with the amount of pathos that was used. By using a well-known and prestigious beer commercial, the video becomes extremely credible and valid. The audience is put on their feet wondering what will happen next in the commercial which makes it a successful commercial kicking out any previous thoughts they may have had before viewing the short advertisement. You are able to tell that the director put a lot of thought and did a very well job in the creation of this commercial. No one likes watching commercials, but after seeing ones like this, it send chills down your spine making you crave for more. The commercial states, â€Å"The choices we make, reveal the true nature of our character†, and it could not have been said any better with the emphasis on dedication, loyalty, and friendship.

Definition And Conditions Of Decision Making Tourism Essays

Definition And Conditions Of Decision Making Tourism Essays Definition And Conditions Of Decision Making Tourism Essay Definition And Conditions Of Decision Making Tourism Essay As directors and enterprisers, we should hold assurance in our determinations, but can we? Discuss with respect to your ability as a determination shaper and the tools and methods available to help determination devising. Entrepreneur and directors are no longer able to hold assurance in their determination. Because even good directors make errors in their determination devising procedure. Therefore, there are many of the concern administrations seeking to happen out the best method of determination devising procedure. Nevertheless, many of them see terminal in failure or sink in the concern universe. Because, determination devising of administration, as it operates with in the administration, implies that increasing unexpected complexness in environment uncertainness. And this uncertainness means that determination shapers do non hold sufficient information about environmental factors, and they have a hard clip foretelling internal or external alterations. So, uncertainness increases the hazard of failure for organizational responses and makes it hard to calculate costs and chances associated with determination options. Therefore, any administrations want to success in their concern, it is indispensa ble to utilize suited determination devising tools and methods. To understand this essay better, specifying the term of determination devising is necessary. Harmonizing to Fitzgerald, determination doing involves the pick of an alternate from among a series of viing options ( 2002, p. 8 ) . And theories of determination devising are concerned with how such picks are made. This essay will explicate nature of determination devising, tools and methods of determination devising procedure and stairss in determination devising to help determination shapers. Finally, handiness of those tools and methods by directors and enterprisers will be discussed to help their determination devising procedure. First of all, nature of determination devising should be identified before it discusses about its tools and methods. The definition of determination devising is explained in debut. However, determination devising conditions are should be concerned before the existent determinations have been made because the determinations are non ever made under same sum of available information ( Rue A ; Byars, 2007, p. 76 ) . The conditions which give influence to determination devising procedure are: certainty, hazard and uncertainness. Situation of certainty agencies that determination shaper knows every alternate result from the determination so he/she can do determination exactly. For illustration, if director have to do determination on which conveyance service he/she will utilize between by air or by train to present their merchandise or service, it is obvious that air will take comparatively shorter clip but higher cost than train, and train will take longer clip but lower cost than aeroplane. Unfortunately, each alternate brings different results and this is non ever known in progress. Therefore, determination shapers are merely able to gauge their comparative chances of results. Harmonizing to Williams, perceptual experience of hazard means the sum of uncertainness or deficiency of predictability refering the result of a determination ( 2002, p. 86 ) . This is called a state of affairs of hazard. Generally, exact anticipation about chances of assorted results is impossible. Therefore, directors may do their determination based on past experience and historical information. However, Russo and Schoemarker said people do non larn easy from experience because is requires pro-found accomplishments ( 1990, p. 174 ) . Although, hazard can neer be eliminated from determination doing procedure, determination shapers can try to minimise its impact on their result with technique of larning from experience and prediction from historical informations. When there is really small or no dependable information to gauge the assortment of possible results fro determination shaper, this is called state of affairs of uncertainness. Furthermore, this means that the determination shaper does non hold any cognition that concerns the possibilities related with different results. In this circumstance, determination shaper may take one of several attacks. First attack is the maximax attack. Rue A ; Byars choosing the alternate whose best possible result is the best of all possible results for all options ( 2007, p. 77 ) . In the 2nd attack, the maximin attack refers comparing the worst possible results for each option and choosing the 1 that is least unwanted ( Rue A ; Byars, 2007, p. 77 ) . And the last attack is the risk-averting attack. This attack can be resulted in more effectual planning because it is chosen by the option with the least fluctuation among its possible results ( 2007, p. 78 ) . The conditions for determination devising occupy of import place in determination devising procedure by steering determination shapers which determination doing theoretical account they should utilize. Therefore, determination shapers should maintain in head those conditions before they make existent determination for administrations. Decision devising tools and methods in determination procedure support determination shapers to understand complex phenomena in managerial activities. Those tools and methods are able to maximize managerial options within determination doing procedure specifically and depict its state of affairss clearly. The tools are for furthering doing originative determination. And the methods have rational and intuitive methods for effectual determination devising. By utilizing these tools and methods, the ternary bottom line and director s corporate societal duty should be concerned together. Harmonizing to Williams, originative job resolution is non easy and using the tools requires clip, resources, and attempt ( 2002, p. 149 ) . However, to better the quality of administration s of import determination devising procedure, originative determination devising techniques are indispensable. These techniques are such as brainstorming, Gordon technique, nominal group technique, and synectics. Brainstorming can be explained as bring forthing a big measure of solution on a job to happen out its solution among them. By utilizing this tool, there is ab initio no unfavorable judgment and inquiry of thought should be allowed. Then combinations of solutions can be used as determination doing tool for betterment of administration. Gordon technique is similar with brainstorming but it can be differ from that group leader knows the exact nature of the existent job under consideration ( Rue A ; Byars, 2007, p. 84 ) . Nominal group technique is affecting few stairss as extremely structured technique. The order of stairss is listening entering voting-discussion concluding vote. This technique minimizes personal interactions to maximise their activity and cut down force per unit area from conformance with group determination. The synectics is a comparatively new technique used in originative determination doing procedure. This technique uses metaphorical thought to do the familiar strange and the strange familiar ( Rue A ; Byars, 2007, p. 85 ) . None of those techniques is a perfect tool for helping determination shaper s activity. Each technique should be considered as a merely tool that can ease proper determination doing procedure by determination shapers. Rational determination doing method is the most permeant and influential and to utilize rational determination doing efficaciously, this includes the undermentioned stairss: recognising and specifying the state of affairs, developing options, measuring options, choosing the best option, execution, and follow-up and rating ( Robbins, Bergman, Stagg, A ; Coulter, 2006, p. 208-212 ) . First, when job exist, it is necessary to happen out what sort of job it is including administrations current state of affairs. The spread between the current state of affairs and bing job can be identified in this measure. Second, developing options is for happening a cause of job in the state of affairs and garnering information refering the current province of personal businesss. Third, measuring options has a function for assisting determination shaper to measure a solution from among the available options. Forth, choosing the best options is taking the best option from among the evaluated options. Fi fth, execution refers that determination shaper is seting the determination he/she chosen into existent organizational activities. Sixth, the last measure is measuring the effectivity of the implemented determination by determination shaper. These stairss assist determination shaper to optimise administration s result. Fitzgerald believes that embedded within the rational theoretical account is the belief that directors really optimize their determination doing behaviors by intentionally taking and implementing the best options ( 2002, p.13 ) . On the other manus there are similar but somewhat different attack is included in rational method. That is satisfising attack. The difference between optimising attack and satisfising attack in rational method is satisfising is choosing the first option that meets the determination shaper s minimal criterion of satisfaction alternatively of choosing the best possible option from among every possible option ( Rue A ; Byars, 2007, p. 74 ) . Intuitive determination doing method is used when determination shaper decide organizational determination bases on intuitions and intuition ( Robbins, Bergman, Stagg, A ; Coulter, 2006, p. 216 ) . Furthermore, Robbins, Bergman, Stagg, A ; Coulter defined intuitive determination devising as a subconscious procedure of doing determinations on footing of experience and accumulated opinion ( 2006, p. 216 ) . That means an emotional determination is put into action by determination shaper from their head in determination devising procedure. The emotional fond regard can take director to hapless determinations or can be really existent particularly who are populating in the past . However, the key is director should non disregard when the available information exist. Intuition plays an of import function in determination devising procedure. Consequently, it can be said director s experience and opinion is of import when he/she faces the determination doing state of affairs. Learning from the yesteryear is non easy but one time it has become your cognition, it can be of import resource for determination devising as a determination shaper ( Williams, 2002, p. 153 ) . In decision, this essay discussed about definition and conditions of determination devising. The different conditions such as certainty, hazard and uncertainness give different influence on determination devising procedure. And the tools and methods have been identified as that can advance betterment of administration by determination devising and several stairss in determination devising methods to help determination directors and enterprisers. The tools in determination devising procedure allow bettering the quality of administration s of import determination. Then the methods in determination devising are more related to help determination shapers to set one of the possible options on existent action. Decision doing procedure can be improved by recognizing conditions of determination devising and using appropriate tools and methods to jobs determination shaper is faced. To be effectual and efficient in determination devising procedure, directors need to be unfastened to new inform ation and other s sentiment. If directors and enterprisers apply originative and sufficient determination doing accomplishments in their determination devising procedure, there are assorted solutions to accomplish their end or get the better of their job will be allowed without failure in determination devising.

Alcoholsim

The effects of alcohol vary whether the drinker is male or female, adult or adolescent, and the length of time that the drinker has been drinking. The effects can be long-term or short-term. They can range from something as simple as slurred speech all the way to something as severe as death. Alcohol can be responsible for injuries not only to the drinker but also to the people around them. It can cause cardiovascular problems, eye problems, near. e system damage, and even birth defects.It can also affect your brain, liver, and gastrointestinal system. A persons life is significantly at risk when regularly intoxicated (Livingston). Some of the short-term effects of alcohol are slurred speech, drowsiness, vomiting, diarrhea, upset stomach, headaches, difficulty breathing, distorted vision and hearing, impaired judgment, decreased perception and coordination, unconsciousness, loss of red blood cells, and blackouts. With such severe short-term effects, one might wonder, why keep drinking?For those that do continue to drink, these are the long-term effects: increased on- the-job injuries, loss of productivity, increased family problems, alcohol poisoning, high blood pressure, stroke, heart related disease, liver disease, river damage, permanent brain damage, vitamin deficiency, unintentional injuries to ones self or others, and intentional injuries like firearm injuries, s exual assault, and domestic violence. All of which are things to consider before allowing ones drinking to get out of hand. The long-term effects of alcohol abuse and alcoholism can be very devastating and even life threatening, negativity affecting virtually every organ system (Medicine Net). Many adolescent drinkers have the it wont happen to me attitude. Teens drink and party and ignore the health risks. Many teens may know the health asks involved with becoming an alcoholic and what long-term drinking can do to a person. What they dont realize is that for those who are continuously drinking, even though they cant tell at the the moment but their drinking can cause major health problems for them as they enter adulthood.What many teens need to consider, but often ignore is that the most serious effects of teens drinking is that it all leads to adult dependence (Effects of Teenage Drinking). Not only does teen drinking lead to adult dependence but when an individual is a long-term drinker they kill many of their brain cells and the rain can be forever changed. Although alcoholism can cause many serious health issues, for women there area added health risks. It can cause premature menopause, it has been linked to an increase of breast cancer and increase calcium loss in menopausal women.As if those health risks arent scary enough, for women alcoholism can increase their chance of heart disease, memory loss, and reproductive issues. Women who drink while pregnant can also pass the alcohol to their fetus, causing Fetal Alcohol Syndrome. These children grow up with facial abnormalities, growth retardation and brain damage that inhibits their ability to live normal lives (Effects of Alcoholism on Families). However, men who abuse drinking can experience testicular atrophy, impotence, and reduced reproductive functions.Besides the effects that alcoholism is having on their health, most drinkers dont realize that their drinking problem is affecting those around them as well. Drinking affects relationships with spouses, children, and friends. Children that grow up with a parent who is an alcoholic experience low self-esteem, guilty feelings, despair, loneliness, fear of abandonment, depression, and Geiger than normal levels Of stress and anxiety. These children tend to have a harder time making relationship with friends or teachers and tend to be more withdrawn. They may believe that their parents drinking is their fault and frequently cry, have nightmares, and wet their beds. Once they get older, children may not easily make friends. They may hoard things, develop phobias, or exhibit perfectionist traits (Effects of Alcoholism on Families). It is also said that children of alcoholics are less likely to attend college. As children get older they continue to have low self-esteem and often make poor hoicks. Marriage is another common relationship that is affected by drinking.Divorce rates increase when one or both spouses drink. In relationships where only one spouse drinks, the non-drinking spouse will become the caregiver, which often leads to feelings of resentment of the drinking spouse. Many marriages that involve alcoholics suffer from poor or lack of communication, reduced intimacy, abuse, and lack of finances. Many alcoholics will hide money from their spouse and use it for their addiction. Alcohol abuse can be associated with negativity and hostility which usually dads to some sort of abuse in the relationship. The more frequently men are intoxicated, the more likely they are to be verbally and physically violent toward their spouses. 40 t 60% of battered women report that their husbands were heavy or problem drinkers (Alcoholism and Marriage). Alcohol abuse not only affects the drinkers relationships, but it also can have major effects on their way of life. Many times it is the way alcoholism effects relationships that most greatly causes an affect to their way Of life, but it also can affect the drinkers work fife.With increase in on-the-job injuries and loss in productivity, the drinkers work life tends to diminish. When work isnt getting done or getting done right most employers see it as time to find somebody better fitting for the job. When this happens it can cause financial stress on families, especially when the drinker starts using bill money to supply their addiction. The marital stress that is brought from lack of communication and unpaid bills usually leads to other marital problems. As these problems increase, marriages often end in divorce.Living with an alcoholic is never easy, coping with secrets and lies and being manipulated for that next drink. If the bottle turns out to be their one true love, often, the only option is to leave them and salvage your life. (Living with an Alcoholic). Divorce greatly affects the drinkers way of life; they no longer have their family to come home to. The following excerpt is a testimony from a man named Jeff Gauged and how alcoholism affected his life. He writes, l am an alcoholic. Have been clean and sober for several years now. My drinking was out of control for more than half my life.My wife took on the role of head of household and all the stress of that plus dealing with an alcoholic husband and father. I was in the military for several years but was asked to leave after being caught drunk on duty. Afterwards, I had several jobs that only lasted for a short period of time; usually would quit before they asked me to leave. Everyday my wife. Michele, would leave for work knowing would probably be drunk when she returned. On one occasion, the police were called because I had hit her and would not calm down. Am not proud of this, but it happened and it is a part f my life.I had gotten so bad that I would have seizures from alcohol withdrawal when I would have to stop drinking. When my family went to my brothers wedding in another state, I had to make sure would start the trip off in my own selfish way. When I started to come down off the booze I had guzzled before we left, I had a seizure and we had to stop so I could be admitted to the hospital (Alcoholic Husband). This man was lucky enough to have a spouse that stood by him and helped him find his way to recovery. Alcoholics are two times more likely to be divorced than those who dont rink.

Marketing and Sales of AirAsia Company Case Study

Marketing and Sales of AirAsia Company - Case Study Example Many airlines have been able to reduce their costs by using E-commerce technologies. Customers are able to find complete information online and do not have to go through the hassle of contacting and visiting travel agents. Hence the intermediary costs are eliminated and the airlines are able to cut cost and provide cheaper tickets to the customers. In low-cost airline carriers, E-commerce is of greater importance because the airline is able to eliminate the admin. Another major factor for the importance of E-commerce in the airline industry is that they are able to closely monitor the activities of the consumers and are able to conduct market research and collect customer data. AirAsia has been able to develop a competitive advantage in the industry by offering its customers a level of value that is exceeded by the cost of activities. This results in a large profit margin for the AirAsia. The value-generating sequence of activities introduced by Michael Porter is found in every firm and using these activities, AirAsia’s value chain has been analyzed. This is one of the primary value chain activities of a firm introduced by Michael Porter. In the case of AirAsia, the inbound logistics is related to the aircraft that AirAsia has booked for the anticipated growth in customer demand. AirAsia also has been able to build a strong relationship with Microsoft, the providers of Vista Gadget. AirAsia recognized the branding and commercial worth of innovations such as sidebar gadgets on Windows Vista. Operations are the primary activities that are required in order to develop the products, in case the activities those are required to provide travelling services to the customers successfully. AirAsia has also been able to master the activities that are required to give travelling services to its customers. AirAsia operates from six hubs in Asia and has increased the capacity by a continuous rollout of Airbus fleet. This has facilitated AirAsia to engage in a strategic expansion program by adding new routes and increasing the number of flights per day.  Ã‚  

Global Retail Business - the Keys to Success Research Paper

Global Retail Business - the Keys to Success - Research Paper Example Modern concepts are important to incorporate into a global retail business strategy. Sustainability is essential in providing the consumer with the feeling that their consumer activities are being done with a sense of responsibility. Using modern technology in marketing concerns will provide a company with both good marketing opportunities and the appearance of modernity with respect to current trends. Creating a branding aesthetic will provide for the association of the product to desirable lifestyles, thus, in turn, creating a demand for the products that fall under that brand. Therefore, the experience within the retail environment must be as pleasurable as the satisfaction of that association. Creating a modern retail strategy requires incorporating a great number of factors into the overall design. When dealing with a global strategy for a retail corporation, regulatory differences between different nations can sometimes impact the potential for success. However, creating success from restrictive regulations can involve creative solutions to problems of legal restrictions that are designed to circumvent those restrictions in a way that creates higher levels of profit from competitors. Engaging the global community means creating ways in which to insert a product and brand into a culture without attempting to change the culture, but with the intent of using their traditions and regulations in ways that enhance the success of the product.

Investment Avenues in India Essay Example for Free

Investment Avenues in India Essay ABSTRACT:Each investment alternative has its own strengths and weaknesses. Some options seek to achieve superior returns (like equity), but with corresponding higher risk. Other provide safety (like PPF) but at the expense of liquidity and growth. Other options such as FDs offer safety and liquidity, but at the cost of return. Mutual funds seek to combine the advantages of investing in arch of these alternatives while dispensing with the shortcomings.Indian stock market is semi-efficient by nature and, is considered as one of the most respected stock markets, where information is quickly and widely disseminated, thereby allowing each securitys price to adjust rapidly in an unbiased manner to new information so that, it reflects the nearest investment value. And mainly after the introduction of electronic trading system, the information flow has become much faster. But sometimes, in developing countries like India, sentiments play major role in price movements, or say, fluctuations, where investors find it difficult to predict the future with certainty. Some of the events affect economy as a whole, while some events are sector specific. Even in one particular sector, some companies or major market player are more sensitive to the event. So, the new investors taking exposure in the market should be well aware about the maximum potential loss, i.e. Value at risk.It would be good to diversify ones portfolio to include equity mutual funds and stocks. The benefit of diversification are that while risk exposure from a particular asset may not be very high, it would also give the opportunity of participating in the party in the equity markets- which may have just begun- in a relatively safe manner(than investing directly into stock markets). Mutual funds are one of the best options for investors to choose from. It must be realized that the performance of different funds varies time to time. Evaluation of a fund performance is meaningful when a fund has access to an array of investment products in market. An investor can choose from a variety of funds to suit his risk tolerance, investment horizon and objective. Direct investment in equity offers capital growth but at high risk and without the benefit of diversification by professional management offered by mutual funds.INTRODUCTION:Savings form an important part of the economy of any nation. With the savings invested in various options available to the people, the money acts as the driver for growth of the country. Indian financial scene too presents a plethora of avenues to the investors. Though certainly not the best or deepest of markets in the world, it has reasonable options for an ordinary man to invest his savings. Banks are considered as the safest of all options, banks have been the roots of the financial systems in India. Promoted as the means to social development, banks in India have indeed played an important role in the rural upliftment. For an ordinary person though, they have acted as the safest investment avenue wherein a person deposits money and earns interest on it. The two main modes of investment in banks, savings accounts and fixed deposits have been effectively used by one and all.However, today the interest rate structure in the country is headed southwards, keeping in line with global trends. With the banks offering little above 9 percent in their fixed deposits for one year, the yields have come down substantially in recent times. Add to this, the inflationary pressures in economy and one has a position where the savings are not earning. The inflation is creeping up, to almost 8 percent at times, and this means that the value of money saved goes down instead of going up. This effectively mars any chance of gaining from the investments in banks. Just like banks, post offices in India have a wide network. Spread across the nation, they offer financial assistance as well as serving the basic requirements of communication. Among all saving options, Post office schemes have been offering the highest rates. Added to it is the fact that the investments are safe with the department being a Government of India entity. So, the two basic and most sought after features, such as return safety and quantum of returns was being handsomely taken care of. Though certainly not the most efficient systems in terms of service standards and liquidity, these have still managed to attract the attention of small, retail investors. However, with the government announcing its intention of reducing the interest rates in small savings options, this avenue is expected to lose some of the investors.Public Provident Funds act as options to save for the post retirement period for most people and have been considered good option largely due to the fact that returns were higher than most other options and also helped people gain from tax benefits under various sections. This option too is likely to lose some of its sheen on account of reduction in the rates offered. Another often-used route to invest has been the f ixed deposit schemes floated by companies. Companies have used fixed deposit schemes as a means of mobilizing funds for their operations and have paid interest on them. The safer a company is rated, the lesser the return offered has been the thumb rule. However, there are several potential roadblocks in these. First of all, the danger of financial position of the company not being understood by the investor lurks. The investors rely on intermediaries who more often than not, dont reveal the entire truth. Secondly, liquidity is a major problem with the amount being received months after the due dates. Premature redemption is generally not entertained without cuts in the returns offered and though they present a reasonable option to counter interest rate risk (especially when the economy is headed for a low interest regime), the safety of principal amount has been found lacking. Many cases like the Kuber Group and DCM Group fiascoes have resulted in low confidence in this option. The options discussed above are essentially for the risk-averse, people who think of safety and then quantum of return, in that order. For the brave, it is dabbling in the stock market.Stock markets provide an option to invest in a high risk, high return game. While the potential return is much more than 10-11 percent any of the options discussed above can generally generate, the risk is undoubtedly of the highest order. But then, the general principle of encountering greater risks and uncertainty when one seeks higher returns holds true. However, as enticing as it might appear, people generally are clueless as to how the stock market functions and in the process can endanger the hard-earned money.For those who are not adept at understanding the stock market, the task of generating superior returns at similar levels of risk is arduous to say the least. This is where Mutual Funds come into picture.Mutual Funds are essentially investment vehicles where people with similar investment objective come together to pool their money and then invest accordingly. Each unit of any scheme represents the proportion of pool owned by the unit holder (investor). Appreciation or reduction in value of investments is reflected in net asset value (NAV) of the concerned scheme, which is declared by the fund from time to time. Mutual fund schemes are managed by respective Asset Management Companies (AMC). Different business groups/ financial institutions/ banks have sponsored these AMCs, either alone or in collaboration with reputed international firms.Several international funds like Alliance and Templeton are also operating independently in India. Many more international Mutual Fund giants are expected to come into Indian markets in the near future.Investment alternatives in India * Non marketable financial assets: These are such financial assets which gives moderately high return but can not be traded in market.* Bank Deposits * Post Office Schemes * Company FDs * PPF * Equity shares: These are shares of company and can be traded in secondary market. Investors get benefit by change in price of share and dividend given by companies. Equity shares represent ownership capital. As an equity shareholder, a person has an ownership stake in the company. This essentially means that the person has a residual interest in income and wealth of the company. These can be classified into following broad categories as per stock market:* Blue chip shares * Growth shares * Income shares * Cyclic shares * Speculative shares * Bonds: Bonds are the instruments that are considered as a relatively safer investment avenues.* G sec bonds * GOI relief funds * Govt. agency funds * PSU Bonds * RBI BOND * Debenture of private sector co. * Money market instrument: By convention, the term money market refers to the market for short-term requirement and deployment of funds. Money market instruments are those instruments, which have a maturity period of less than one year.* T-Bills * Certificate of Deposit * Commercial Paper * Mutual Funds- A mutual fund is a trust that pools together the savings of a number of investors who share a common financial goal. The fund manager invests this pool of money in securities, ranging from shares, debentures to money market instruments or in a mixture of equity and debt, depending upon the objective of the scheme. The different types of schemes are* Balanced Funds * Index Funds * Sector Fund * Equity Oriented Funds * Life insurance: Now-a-days life insurance is also being considered as an investment avenue. Insurance premiums represent the sacrifice and the assured sum the benefit. Under it different schemes are:* Endowment assurance policy * Money back policy * Whole life policy * Term assurance policy * Real estate: One of the most important assets in portfolio of investors is a residential house. In addition to a residential house, the more affluent investors are likely to be interested in the following types of real estate:* Agricultural land * Semi urban land * Farm House * Precious objects: Investors can also invest in the objects which have value. These comprises of:* Gold * Silver * Precious stones * Art objects * Financial Derivatives: These are such instruments which derive their value from some other underlying assets. It may be viewed as a side bet on the asset. The most important financial derivatives from the point of view of investors are:* Options * FuturesDirect equity vs. mutual funds1) Equity share/Direct investment 2) Mutual funds, a brief introduction 3) Equity Fund 4) Difference between direct equity and mutual fundEquity share/Direct investmentEquity shares: These are shares of company and can be traded in secondary market. Investors get benefit by change in price of share or dividend given by companies. Equity shares represent ownership capital. As an equity shareholder, a person has an ownership stake in the company. This essentially means that the person has a residual interest in income and wealth of the company. These can be classified into following broad categories as per stock market:* Blue chip shares- Shares of large, well established, financially strong companies with an impressive record of earnings and dividends.* Growth shares-Shares of companies that have fairly entrenched positions in a growing market and which enjoy an above average rate of growth as well as profitability. * Income shares-Share of companies that have fairly stable operations, relative limited growth opportunities, and high dividend payout ratios.* Cyclic shares – Share of companies that have a pronounced cyclicality in their operations.* Defensive shares- Shares of companies that are relatively unaffected by the ups and downs in general business conditions.* Speculative shares- Shares of companies that tend to fluctuate widely because there is a lot of speculative trading in them.Mutual Funds: A brief introductionA Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is invested by the fund manager in different types of securities depending upon the objective of the scheme. These could range from shares to debentures to money market instruments. The income earned through these investments and the capital appreciations realized by the schemes are shared by its unit holders in proportion to the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed portfolio at a relatively low cost. The small savings of all the investors are put together to increase the buying power and hire a professional manager to invest and monitor the money. Anybody with an investible surplus of as little as a few thousand rupees can invest in Mutual Funds. Each Mutual Fund scheme has a defined investment objective and strategy.INCEPTION OF MUTUAL FUNDS IN INDIAThe history of mutual funds in India can be divided into 5 important phases:1963-1987The Unit Trust of India was the sole player in the industry. Created by an Act of Parliament in 1963, UTI launched its first product, the Unit Scheme 1964, which is even today the single lar gest mutual fund scheme. UTI created a number of products such as monthly income plans, children plans, equity-oriented schemes and off shore funds during this period. UTI managed assets of Rs.6,700 crores at the end of this phase.1987-1993In 1987 public sector banks and financial institutions entered the mutual fund industry. SBI mutual fund was the first non- UTI fund to be set up in 1987. Significant shift of investors from deposits to mutual fund industry happened during this period. Most funds were growth-oriented closed-ended funds. By the end of this period, assets under UTIs management grew to Rs.38,247 crores and public sector funds managed Rs.8,750 crores.1993-1996In 1993, the mutual fund industry was open to private sector players, both Indian and foreign. SEBIs first set of regulations for the industry were formulated in 1993, and substantially revised in 1996.Signifficant innovations in servicing, product design and information disclosure happened in this phase, mostly initiated by private players.1996-1999The implementation of the new SEBI regulations and the restructuring of the mutual fund industry led to rapid asset growth. Bank mutual funds were recast according to the SEBI recommended structure, and the UTI came under voluntary SEBI supervision.1999-2002This phase was marked by the rapid growth in the industry, and significant increase in market shares of private sector players. Assets crossed Rs.1,00,000 crore .The tax break offered to mutual fund in 1999 created arbitrage opportunities for a number of institutional players. Bond funds and Liquid funds registered the highest growth in this period, accounting for nearly 60% of the assets. UTIs share of the industry dropped to nearly 50%.Types of mutual funds:Open ended schemesAn open-end fund is one that is available for subscription all through the year. This type of Mutual funds does not have a predefined maturity period. The key feature is liquidity. Direct dealing is another noticeable feature. One can easily buy and sell units at Net Asset Value related prices.Close ended schemesHere maturity period is predefined usually ranging from 2 to 15 years. Investment can be done directly in the scheme at the time of the initial issue and units can be brought and sold whenever units are listed in the stock exchanges.Types of Schemes1. Equity/growth oriented Funds: Equity schemes are those that invest predominantly in equity shares of companies. An equity scheme seeks to provide returns by way of capital appreciation. As a class of assets, equities are subject to greater fluctuations. Hence, the NAVs of these schemes will also fluctuate frequently. Equity schemes are more volatile, but offer better returns.2. Balanced Funds: The aim of balanced funds is to provide both growth and regular income. Such schemes periodically distribute a part of their earning and invest both in equities and fixed income securities in the proportion indicated in their offer documents. 3. Index Funds: An Index Fund is a mutual fund that tries to mirror a market index, like Nifty or BSE Sensex , as closely as possible by investing in all the stocks that comprise that index in proportions equal to the weight age of those stocks in the index.4. Income/debt oriented Funds: These schemes invest mainly in income-bearing instruments like bonds, debentures, government securities, commercial paper, etc. These instruments are much less volatile than equity schemes. Their volatility depends essentially on the health of the economy e.g., rupee depreciation, fiscal deficit, inflationary pressure. Performance of such schemes also depends on bond ratings.1) Equity FundsAs explained earlier, such funds invest only in stocks, the riskiest of asset classes. With share prices fluctuating daily, such funds show volatile performance, even losses. However, these funds can yield great capital appreciation as, historically, equities have outperformed all asset classes. At present, there are four types of equity funds available in the market. In the increasing order of risk, these are:a) Index fundsThese funds track a key stock market index, like the BSE (Bombay Stock Exchange) Sensex or the NSE (National Stock Exchange) SP CNX Nifty. Hence, their portfolio mirrors the index they track, both in terms of composition and the individual stock weightages. For instance, an index fund that tracks the Sensex will invest only in the Sensex stocks. The idea is to replicate the performance of the benchmarked index to near accuracy. Index funds dont need fund managers, as there is no stock selection involved.Investing through index funds is a passive investment strategy, as a funds performance will invariably mimic the index concerned, barring a minor tracking error. Usually, theres a difference between the total returns given by a stock index and those given by index funds benchmarked to it. Termed as tracking error, it arises because the index fund charges m anagement fees, marketing expenses and transaction costs (impact cost and brokerage) to its unit holders. So, if the Sensex appreciates 10 per cent during a particular period while an index fund mirroring the Sensex rises 9 per cent, the fund is said to have a tracking error of 1 per cent.To illustrate with an example, assume you invested Rs 1,000 in an index fund based on the Sensex on 1 April 1978, when the index was launched (base: 100). In August, when the Sensex was at 3.457, your investment would be worth Rs 34,570, which works out to an annualised return of 17.2 per cent. A tracking error of 1 per cent would bring down your annualised return to 16.2 per cent. Obviously, lower the tracking error, the better are the index funds.b) Diversified fundsSuch funds have the mandate to invest in the entire universe of stocks. Although by definition, such funds are meant to have a diversified portfolio (spread across industries and companies), the stock selection is entirely the prerogative of the fund manager. This discretionary power in the hands of the fund manager can work both ways for an equity fund. On the one hand, astute stock-picking by a fund manager can enable the fund to deliver market-beating returns; on the other hand, if the fund managers picks languish, the returns will be far lower. Returns from a diversified fund depend a lot on the fund managers capabilities to make the right investment decisions. A portfolio concentrated in a few sectors or companies is a high risk, high return proposition.c) Tax-saving fundsAlso known as ELSS or equity-linked savings schemes, these funds offer benefits under Section 88 of the Income-Tax Act. So, on an investment of up to Rs 10,000 a year in an ELSS, one can claim a tax exemption of 20 per cent from his taxable income. One can invest more than Rs 10,000, but then he wont get the Section 88 benefits for the amount in excess of Rs 10,000. The only drawback to ELSS is that one has to lock into the scheme for three years.In terms of investment profile, tax-saving funds are like diversified funds. The one difference is that because of the three year lock-in clause, tax-saving funds get more time to reap the benefits from their stock picks, unlike plain diversified funds, whose portfolios sometimes tend to get dictated by redemption compulsions.d) Sector fundsThe riskiest among equity funds, sector funds invest only in stocks of a specific industry, say IT or FMCG. A sector funds NAV will zoom if the sector performs well; however, if the sector languishes, the schemes NAV too will stay depressed. Barring a few defensive, evergreen sectors like FMCG and pharma, most other industries alternate between periods of strong growth and bouts of slowdowns. The way to make money from sector funds is to catch these cycles–get in when the sector is poised for an upswing and exit before it slips back.2) Difference between direct equity and mutual fundsA mutual fund is the ideal investment vehicle for todays complex and modern financial scenario. Markets for equity shares, bonds and o ther fixed income instruments, real estate, derivatives and other assets have become mature and information driven. Price changes in these assets are driven by global events occurring in faraway places. A typical individual is unlikely to have the knowledge, skills, inclination and time to keep track of events, understand their implications and act speedily. An individual also finds it difficult to keep track of ownership of his assets, investments, brokerage dues and bank transactions etc.Investing in Mutual Fund is convenient because of two basic reasons. All investment carry risks, especially equity investment that bears larger risks, their returns are more volatile and uneven. To cut down the risk one needs to put money in several instruments rather than in one or two products. A Mutual Fund can effectively spread its investments across various sectors of the economy and amongst several products. Risk diversification is the Key. Secondly where to invest and where not to, is a specialized business. One may not have the expertise, time and resources of a well-managed fund.ADVANTAGES OF A MUTUAL FUND1. Professional ManagementQualified professionals manage money, but they are not alone. They have a research team that continuously analyses the performance and prospects of companies. They also select suitable investments to achieve the objectives of the scheme, so you see that it is a continuous process that takes time and expertise that will add value to investment. These fund managers are in a better position to manage investments and get higher returns.2. DiversificationThe clichà ©, dont put all eggs in one basket really applies to the concept of intelligent investing. Diversification lowers risk of loss by spreading money across various industries. It is a rare occasion when all stocks decline at the same time and in the same proportion. Sector funds will spread investment across only one industry and it would not be wise for portfolio to be skewed towards these types of funds for obvious reasons.3. Choice of SchemesMutual funds offer a variety of schemes that will suit investors needs over a lifetime. When they enter a new stage in life, all needed to do is sit down with investment advisor who will help to rearrange portfolio to suit altered lifestyle. 4. AffordabilityA small investor may find that it is not possible to buy shares of larger corporations. Mutual funds generally buy and sell securities in large volumes that allow investors to benefit from lower trading costs. The smallest investor can get started on mutual funds because of the minimal investment requirements. One can invest with a minimum of Rs. 500 in a Systematic Investment Plan on a regular basis.5. Tax BenefitsInvestments held by investors for a period of 12 months or more qualify for Capital gains and will be taxed accordingly (10% of the amount by which the investment appreciated, or 20% after factoring in the benefit of cost indexation, whichever is lower). These investments also get the benefit of indexation.6. LiquidityWith open-end funds, you can redeem all or part of investment any time you wish and receive the current value of the shares or the NAV related price. Funds are more liquid than most investments in shares, deposits and bonds and the process is standardized, making it quick and efficient so that you can get cash in hand as soon as possible. 7. Rupee Cost AveragingThrough using this concept of investing the same amount regularly, mutual funds give investor the advantage of getting the average unit price over the long-term. This reduces risk and also allows you to discipline self by actually investing every month or quarterly and not making sporadic investments.8. The Transparency of Mutual FundsThe performance of a mutual fund is reviewed by various publications and rating agencies, making it easy for investors to compare one to the other. Once you are part of a mutual fund scheme, you are provided with regular updates, for example daily NAVs, as well as information on the specific investments made and the fund managers strategy and outlook of the scheme.9. Easy To AdministerMutual funds units in modern times are not issued in the form of certificates, with a minimum denomination rather they are issued as account statement switch a facility to hold units in fraction upto 4 decimal points.10. Highly RegulatedThe governing of mutual funds by SEBI ensures that the fund activities are carried out in the best interest of the investors. DISADVANTAGES OF MUTUAL FUNDSThe following are some of the reasons which are deterrent to mutual fund investment: * Costs despite Negative Returns — Investors must pay sales charges, annual fees, and other expenses regardless of how the fund performs. And, depending on the timing of their investment, investors may also have to pay taxes on any capital gains distribution they receive — even if the fund went on to perform poorly after they bought shares. * Lack of Control — Investors typically cannot ascertain the exact make-up of a funds portfolio at any given time, nor can they directly influence which securities the fund manager buys and sells or the timing of those trades. * Price Uncertainty — with an individual stock, you can obtain real-time (or close to real-time) pricing information with relative ease by checking financial websites or by calling your broker. You can also monitor how a stocks price changes from hour to hour — or even second to second. By contrast, with a mutual fund, the price at which you purchase or redeem shares will typically depend on the funds NAV, which the fund might not calculate until many hours after youve placed your order. In general, mutual funds must calculate their NAV at least once every business day, typically after the major U.S. exchanges close.Some mutual fund schemes with the point of attractiveness to investors -Comparison of best performing mutual funds with index Equity schemes:Equity schemes are those that invest predominantly in equity shares of companies. An equity scheme seeks to provide returns by way of capital appreciation. As a class of assets, equities are subject to greater fluctuations. Hence, the NAVs of these schemes will also fluctuate frequently. Equity schemes are more volatile, but offer better returns. These can be further classified into three types:1. Diversified Equity schemes:The aim of diversified equity funds is to provide the investor with capital appreciation over a medium to long period (generally 2 – 5 years). The fund invests in equity shares of companies from a diverse array of industries and balances (or tries to) the portfolio so as to prevent any adverse impact on returns due to a downturn in one or two sectors.2. Equity Linked Saving Schemes (ELSS):These schemes generally offer tax rebates to the investor under section 88 of the Income Tax law. These schemes generally diversify the equity risk by investing in a wider array of stocks across sectors. ELSS is usually considered a variant of diversified equity scheme but with a tax friendly offer3. Sectoral Fund/ Industry Specific schemes:Industry Specific Schemes invest only in the industries specified in the offer document. The investment of these funds is limited to specific industries like InfoTech, FMCG, and Pharmaceuticals etc. These are ideal for investors who have already decided to invest in particular sector or segment. Sectoral Funds tend to have a very high risk-reward ratio and investors should be careful of putting all their eggs in one basket.CONCLUSION:In the current scenario, investing is very important and investing in stock markets is a major challenge ever for professionals. The young people should start investing earlier so that they can reap the benefits of investing in future. People should keep their eye open and keep updating themselves about various investment avenues so that they can get safe returns. BIBILIOGRAPHY: 1. Anjan Chakrabarti and Harsh Rungta, 2000, Mutual Funds Industry in India :An in-depth look into the problems of credibility, Risk and Brand ,The ICFAI Journal of Applied Finance, Vol.6, No.2, April, 27-45. 2. Bhalla V.K., Investment Management, S.Chand Company Ltd., Eleventh Edition, 2004 3. Bodie, Kane, Marcus Security Analysis and Portfolio Management, 5th edition Tata Mc Graw hill publications. 4. Customer Orientation in Designing Mutual Fund Products, -An Analytical Approach to Indian Market Preferences, Dr Tapan K Panda, Faculty Member, Indian Institute of Management, Lucknow. 5. FISHER AND JORDEN (2000): Security analysis and portfolio management, Prentice hall. 6. L.M.BHOLE (2005) : Financial institutions and market, Tata Mcgraw – hill. 7. Preparatory Books For AMFI Exam ;NJ Investment India Pvt. Ltd. Edition June 09 8. Review Of Marketing Research, Volume 5: K. Naresh Malhotra: 9. V.A.AVADHANI (2006): Security analysis and portfolio management, Himalaya publishing house. 6thEdition. |

World Peace through Codependency? :: Essays Papers

World Peace through Codependency? I’m writing my second paper on how â€Å"free trade† (not just trade) can lead to world peace. This is a pretty hefty goal to put on free trade’s shoulders but it is only an ideal. It’s what freer trade tends toward. I will break the paper down as follows: †¢ Ricardo is a Good Start †¢ Why Free Trade? †¢ Patrick McDonald’s Thoughts †¢ Conclusion Ricardo is a Good Start: When I first thought of writing this paper I was thinking very simply of specialization leading to world peace through codependency (hence the title). Basically, David Ricardo talked about gains from trade through comparative advantage and specialization. When countries specialize in goods that they have a comparative advantage in, each country benefits from trade. This statement is also a way that specialization could lead to peace through codependency. For example: Guns and Butter; let’s say that Japan has Comparative Advantage (CA) in making guns and the U.S. has CA in making butter. The U.S. would tend towards making more butter and exporting it to Japan and Japan would do the same with guns. If this were to go on unchecked then Japan might make all of the guns and the U.S. might make all of the butter. Guns are obviously tools of intimidation and butter is harmless yet necessary for food. In this example, once the U.S. completely stopped making guns and devoted all of its resources to butter Japan could just point their guns at the U.S. and demand butter for free. This example is of course extreme but it has historical significance. Is the example of Japan turning their guns on the U.S. for free butter much different than the story of Cortez and the Aztecs? I don’t think so. I know that given current technology and current politics this situation seems preposterous but I’m sure the Aztecs felt the same way before they were killed. What I’m getting at is a point made by Adam Smith who believed that certain industries need to be protected for the sake of national defense. We can’t allow another nation to make all of our weapons or defense systems. But, if you change the two goods in this example to something else like automobiles and computers or rice and corn the potential results aren’t as catastrophic. If Japan made all of the rice and the U.S. made all the corn we’d each have monopolies but desire for the other’s product would push prices down to a reasonable level.

Compare and contrast Essay

F. Scott Fitzgerald, a well-known writer of Jazz Age, wrote fictitious stories but most of them were based on his real life experiences. His wild and tragic experiences and struggles of life are clearly reflected in his stories. Even the reader understands the sequence of the story and clearly imagines the time period in which it must have occurred. The border between a real life experience and a fictitious story completely vanishes while reading Fitzgerald’s stories. Fitzgerald tried to use experimental techniques in his fiction through his two stories, ‘May Day’ and ‘The Diamond as Big as he Ritz’ and that helped him in his later works as well. ‘May Day’ is one of the best examples of his realistic stories. The story takes place after World War II and has many artistic visual descriptions that make the reader imagine the whole situation and surroundings. In chapter 1 there is description of Gordon when he enquires about Phillip Dean in Biltmore Hotel. The enquirer was dressed in a well-cut, shabby suit. He was small, slender, and darkly handsome; his eyes were framed above with unusually long eyelashes and below with the lue semicircle of ill health, this latter effect heightened by an unnatural glow which colored his face like a low incessant fever. (Chapter – 1, May Day) Fitzgerald makes the reader view New York City as on May Day in 1919. Here the readers could experience everything like the society dance, scene that includes a disorderly crowd of war veterans and also office of a socialist newspaper. The protagonist in this story of Fitzgerald prefers to suicide rather than marry a lower-class woman who tried to seduce him. In 1922, Fitzgerald wrote another short story ‘The Diamond as Big as the Ritz’ which ould be referred more accurately as a fantasy. In this story refined vindictiveness of the Washingtons, who live on the top of a diamond mountain and want to murder their guests to keep up the secret of the place. Fitzgerald, in fact wants to make the reader get aware of the situation in United States at that time along with its capitalism with the help of Washingtons and this story can be best termed as a political metaphor. The time when this story was written, the economy was flourishing and the political system was full of suspicion and sense of isolation. The Washington’s country was depicted as complete in itself with natural resources, political prisoners, own defense system and so on. The writer artistically visualizes the situation and the reader is left spellbound with it. Washingtons even tried to bribe God, which shows that they had taken their isolated country to an extreme, which could be symbolic for United States. This unique style of Fitzgerald of relating present symbolically through his fictions was quite admired by his critics too. The time when he was writing was very sensitive and ny kind of direct attack on politics or prevailing situation would create lot of problems for him. So this was the right and matured style of writing to approach target readers. This is the reason why most of Fitzgerald’s stories are favorites among readers specially ‘May Day’ and ‘The Diamond as Big as the Ritz’. Both the stories are different when plots are considered but the style and artistic visualizations used in both are remarkable. The characters and their feelings shown are quite natural and reader immediately gets into it.

Example Report

BEE3133 Electrical Power Systems Distribution System: Radial and Ring Distribution Laboratory 1 Fathimah binti Abdul Halim EA09089 Faculty of Electric and Electrical Engineering Universiti Malaysia Pahang Email: [email  protected] com Introduction Generally, distribution system is part of power systems which distributes power to the consumers for utilization. That distribution system is the electrical system between the sub-station fed by the transmission system and the consumer meters. The distribution systems consist of feeders, distributors and service mains.A feeder is a conductor which connects the sub-station (or localised generating station) to the area where power is to be distributed. Basically no tappings are taken from the feeder so that current in it remains the same throughout. A distributor is a conductor from which tappings are taken for supply to the consumers. The current through a distributor is not constant because tappings are taken at various places along its l ength. A service main is generally a small cable which connects the distributor to the consumer’s terminals. In practice, the radial system and ring main system are used. Experiment 1: Radial Distribution SystemIntroduction Electricity suppliers normally use radial distribution in rural areas where the load is randomly distributed, separated by areas with little or no habitation, and back up supplies are normally not available. The length of feeder is typically limited to 500m or less. In the radial distribution system, feeders supplying the consumers are all fed from a central point (the substation) as shown in Figure 1. There is no looping of the feeders. Figure 1: Radial System of Feeders Objective To demonstrate the principles of the commonly used radial system for low voltage distribution networks. Schematic Diagrams:Figure 2: Schematic diagram for Experiment 1 Procedure A Figure 3: Schematic Diagram for Experiment 1 Procedure B Figure 4: Schematic Diagram for Experiment 1 Procedure C Results for Procedure A: Table 1: Lamp Voltages Load| Voltage| Lamp 1| 23. 0V| Lamp 2| 18. 0V| Lamp 3| 14. 0V| Lamp 4| 11. 0V| Lamp 5| 9. 0V| Lamp 6| 8. 0V| Results for Procedure B: Table 2: Results for Procedure B Circuit Number| Lamp| Feeder| | Measured Voltage| Measured Current| Voltage Drop| 1| 22. 0V| 0. 048A| 6. 0V| 2| 17. 0v| 0. 055A| 12. 0V| 3| 13. 0V| 0. 060A| 15. 0V| 4| 10. 0V| 0. 062A| 18. 0V| 5| 9. 0V| 0. 061A| 20. 0V| 6| 8. 0V| 0. 060A| 21. 0V|Table 3: Calculated and Measured Resistor Currents and Voltages Resistor Number| Calculated Current| Calculated Voltage Drop| Measured Voltage Drop| Error| 1| 0. 846A| 8. 0V| 6. 0V| 25. 00%| 2| 0. 654A| 13. 0V| 12. 0V| 7. 69%| 3| 0. 500A| 17. 0V| 15. 0V| 11. 76%| 4| 0. 385A| 20. 0V| 18. 0V| 10. 00%| 5| 0. 346A| 21. 0V| 20. 0V| 4. 76%| 6| 0. 308A| 22. 0V| 21. 0V| 4. 55%| Table 4: Lamp Voltages Lamp number| Calculated voltage| Measured voltage| Error| 1| 22. 00V| 22. 0V| 0%| 2| 17. 00V| 17. 0V| 0%| 3| 13. 00V| 13. 0V| 0%| 4| 10. 01V| 10. 0V| 0. 10%| 5| 9. 00V| 9. 0V| 0%| 6| 8. 01V| 8. 0V| 0. 12%| Results for Procedure C:Table 5: Separate Feeders CircuitNumber| Lamp| Feeder| | Measured Voltage| Measured Current| Voltage Drop| 1| 28. 0V| 0. 067A| 1. 0V| 2| 26. 0V| 0. 066A| 3. 0V| 3| 25. 0V| 0. 061A| 4. 0V| 4| 24. 0V| 0. 061A| 6. 0V| 5| 22. 0V| 0. 059A| 7. 0V| 6| 21. 0V| 0. 057A| 8. 0V| Discussion: The voltage across each lamp in procedure A, decreased as well as the brightness of the lamps due to the increase in the distance of the lamps from power supply. As the current passes through a longer distance, more the value of voltage is â€Å"lost† (unavailable to the load), due to the voltage drop developed across the resistance of the conductor.In the procedure B, value of current, voltage and voltage drop are calculated and measured. The kirchoff’s Law is used to calculate the value of calculated current. In table 3, the values of calculated and measured voltage for voltage drop are d ifferent from one another since the value of measured voltage drop and calculated voltage drop increased as the distance of the lamps from power supply increased. In table 4, the values of measured and calculated voltage are not much difference from each other.When the distance of the lamps from source increased, both values show a decreased. It can be concluded that as the amount of resistor increases, the voltage drop across the resistor also increases, it is shown in the graph resistor number against voltage drop above. In procedure C, each lamp is fed by a separate feeder connected to the supply. Referring to table 5, when the amount of loads/lamps increase, the voltage across each lamp decreases. However, the voltage drop in each lamp increases corresponding to the amount of loads applied in the procedure.A principle known as Kirchhoff's circuit laws states that in any circuit, the sum of the voltage drops across each component of the circuit is equal to the supply voltage. Con clusion: As conclusion, the principles of the commonly used radial system for low voltage distribution networks is demonstrated. Experiment 2: Ring Distribution System Introduction This is commonly used in urban areas with high housing density. In such system, LV cables from neighbouring distribution substations are either looped together or are terminated very close to one another where an interconnection of cables can be made.This system is normally used when a high degree of reliability of load supply is required and back up substations are made available. Figure 7 shows a schematic diagram for a ring distribution network. Figure 7: Ring Distribution Network Objective To demonstrate the principles of ring distribution systems as used in low voltage networks. Schematic Diagrams: Figure 6: Schematic diagram for Experiment 3 Procedure A Figure 7: Schematic diagram for Experiment 3 Procedure B Results for Procedure A: Lamp Number| Voltage| 1| 26V| 2| 24V| | 22V| 4| 24V| 5| 26V| 6| 30 V| Table 7: Lamp voltages Results for Procedure B: CircuitNumber| Lamp| Feeder| | Measured Voltage| Measured Current| Voltage Drop| 1| 26. 0V| 0. 025A| 4V| 2| 24. 0V| 0. 026A| 6V| 3| 23. 0V| 0. 025A| 7V| 4| 23. 5V| 0. 026A| 6V| 5| 26. 0V| 0. 025A| 4V| 6| 30. 0V| 0. 023A| 0V| Table 8: Voltage and Current Measurements Discussion: The ring circuit acts like two radial circuits proceeding in opposite directions around the ring, the dividing point between them dependent on the distribution of load in the ring.If the load is evenly split across the two directions, the current in each direction is half of the total, allowing the use of wire with half the current-carrying capacity. In procedure A, as the number of load increases, the voltage across lamp increases. The lamp voltage wit the corresponding value obtained in the experiment showed that as the number of load increases, the brightness of the lamp increases. There are differences between lamp voltage for ring distribution system and lamp voltage for radial distribution. The lamp voltage for radial distribution and ring distribution increases as the number of load increases.For procedure B, the comparisons can be made between radial and ring distribution systems. A radial system has only one power source. The lamp voltage for radial system decreased as the load/resistance increased while the lamp voltage for ring system increased as the load/resistance increased. Ring system is more expensive to install as it takes double the cable (but not double the installation time) but it is far superior in performance, as the current to any one socket/outlet has 2 parallel paths to take, so the cable is under less load.Also if one leg of the ring fails open (loose terminal in a socket/outlet) then the remaining leg still safely provides current. Radial circuits are adequate for lighting, as it is a low load, but sockets/outlets are best fed from a ring system. Hence, it can be concluded that ring distribution system offer ed a higher voltage load and lower feeder voltage drop. Conclusion: The objective was achieved. The principles of ring distribution systems as used in low voltage networks is demonstrated. Example Report BEE3133 Electrical Power Systems Distribution System: Radial and Ring Distribution Laboratory 1 Fathimah binti Abdul Halim EA09089 Faculty of Electric and Electrical Engineering Universiti Malaysia Pahang Email: [email  protected] com Introduction Generally, distribution system is part of power systems which distributes power to the consumers for utilization. That distribution system is the electrical system between the sub-station fed by the transmission system and the consumer meters. The distribution systems consist of feeders, distributors and service mains.A feeder is a conductor which connects the sub-station (or localised generating station) to the area where power is to be distributed. Basically no tappings are taken from the feeder so that current in it remains the same throughout. A distributor is a conductor from which tappings are taken for supply to the consumers. The current through a distributor is not constant because tappings are taken at various places along its l ength. A service main is generally a small cable which connects the distributor to the consumer’s terminals. In practice, the radial system and ring main system are used. Experiment 1: Radial Distribution SystemIntroduction Electricity suppliers normally use radial distribution in rural areas where the load is randomly distributed, separated by areas with little or no habitation, and back up supplies are normally not available. The length of feeder is typically limited to 500m or less. In the radial distribution system, feeders supplying the consumers are all fed from a central point (the substation) as shown in Figure 1. There is no looping of the feeders. Figure 1: Radial System of Feeders Objective To demonstrate the principles of the commonly used radial system for low voltage distribution networks. Schematic Diagrams:Figure 2: Schematic diagram for Experiment 1 Procedure A Figure 3: Schematic Diagram for Experiment 1 Procedure B Figure 4: Schematic Diagram for Experiment 1 Procedure C Results for Procedure A: Table 1: Lamp Voltages Load| Voltage| Lamp 1| 23. 0V| Lamp 2| 18. 0V| Lamp 3| 14. 0V| Lamp 4| 11. 0V| Lamp 5| 9. 0V| Lamp 6| 8. 0V| Results for Procedure B: Table 2: Results for Procedure B Circuit Number| Lamp| Feeder| | Measured Voltage| Measured Current| Voltage Drop| 1| 22. 0V| 0. 048A| 6. 0V| 2| 17. 0v| 0. 055A| 12. 0V| 3| 13. 0V| 0. 060A| 15. 0V| 4| 10. 0V| 0. 062A| 18. 0V| 5| 9. 0V| 0. 061A| 20. 0V| 6| 8. 0V| 0. 060A| 21. 0V|Table 3: Calculated and Measured Resistor Currents and Voltages Resistor Number| Calculated Current| Calculated Voltage Drop| Measured Voltage Drop| Error| 1| 0. 846A| 8. 0V| 6. 0V| 25. 00%| 2| 0. 654A| 13. 0V| 12. 0V| 7. 69%| 3| 0. 500A| 17. 0V| 15. 0V| 11. 76%| 4| 0. 385A| 20. 0V| 18. 0V| 10. 00%| 5| 0. 346A| 21. 0V| 20. 0V| 4. 76%| 6| 0. 308A| 22. 0V| 21. 0V| 4. 55%| Table 4: Lamp Voltages Lamp number| Calculated voltage| Measured voltage| Error| 1| 22. 00V| 22. 0V| 0%| 2| 17. 00V| 17. 0V| 0%| 3| 13. 00V| 13. 0V| 0%| 4| 10. 01V| 10. 0V| 0. 10%| 5| 9. 00V| 9. 0V| 0%| 6| 8. 01V| 8. 0V| 0. 12%| Results for Procedure C:Table 5: Separate Feeders CircuitNumber| Lamp| Feeder| | Measured Voltage| Measured Current| Voltage Drop| 1| 28. 0V| 0. 067A| 1. 0V| 2| 26. 0V| 0. 066A| 3. 0V| 3| 25. 0V| 0. 061A| 4. 0V| 4| 24. 0V| 0. 061A| 6. 0V| 5| 22. 0V| 0. 059A| 7. 0V| 6| 21. 0V| 0. 057A| 8. 0V| Discussion: The voltage across each lamp in procedure A, decreased as well as the brightness of the lamps due to the increase in the distance of the lamps from power supply. As the current passes through a longer distance, more the value of voltage is â€Å"lost† (unavailable to the load), due to the voltage drop developed across the resistance of the conductor.In the procedure B, value of current, voltage and voltage drop are calculated and measured. The kirchoff’s Law is used to calculate the value of calculated current. In table 3, the values of calculated and measured voltage for voltage drop are d ifferent from one another since the value of measured voltage drop and calculated voltage drop increased as the distance of the lamps from power supply increased. In table 4, the values of measured and calculated voltage are not much difference from each other.When the distance of the lamps from source increased, both values show a decreased. It can be concluded that as the amount of resistor increases, the voltage drop across the resistor also increases, it is shown in the graph resistor number against voltage drop above. In procedure C, each lamp is fed by a separate feeder connected to the supply. Referring to table 5, when the amount of loads/lamps increase, the voltage across each lamp decreases. However, the voltage drop in each lamp increases corresponding to the amount of loads applied in the procedure.A principle known as Kirchhoff's circuit laws states that in any circuit, the sum of the voltage drops across each component of the circuit is equal to the supply voltage. Con clusion: As conclusion, the principles of the commonly used radial system for low voltage distribution networks is demonstrated. Experiment 2: Ring Distribution System Introduction This is commonly used in urban areas with high housing density. In such system, LV cables from neighbouring distribution substations are either looped together or are terminated very close to one another where an interconnection of cables can be made.This system is normally used when a high degree of reliability of load supply is required and back up substations are made available. Figure 7 shows a schematic diagram for a ring distribution network. Figure 7: Ring Distribution Network Objective To demonstrate the principles of ring distribution systems as used in low voltage networks. Schematic Diagrams: Figure 6: Schematic diagram for Experiment 3 Procedure A Figure 7: Schematic diagram for Experiment 3 Procedure B Results for Procedure A: Lamp Number| Voltage| 1| 26V| 2| 24V| | 22V| 4| 24V| 5| 26V| 6| 30 V| Table 7: Lamp voltages Results for Procedure B: CircuitNumber| Lamp| Feeder| | Measured Voltage| Measured Current| Voltage Drop| 1| 26. 0V| 0. 025A| 4V| 2| 24. 0V| 0. 026A| 6V| 3| 23. 0V| 0. 025A| 7V| 4| 23. 5V| 0. 026A| 6V| 5| 26. 0V| 0. 025A| 4V| 6| 30. 0V| 0. 023A| 0V| Table 8: Voltage and Current Measurements Discussion: The ring circuit acts like two radial circuits proceeding in opposite directions around the ring, the dividing point between them dependent on the distribution of load in the ring.If the load is evenly split across the two directions, the current in each direction is half of the total, allowing the use of wire with half the current-carrying capacity. In procedure A, as the number of load increases, the voltage across lamp increases. The lamp voltage wit the corresponding value obtained in the experiment showed that as the number of load increases, the brightness of the lamp increases. There are differences between lamp voltage for ring distribution system and lamp voltage for radial distribution. The lamp voltage for radial distribution and ring distribution increases as the number of load increases.For procedure B, the comparisons can be made between radial and ring distribution systems. A radial system has only one power source. The lamp voltage for radial system decreased as the load/resistance increased while the lamp voltage for ring system increased as the load/resistance increased. Ring system is more expensive to install as it takes double the cable (but not double the installation time) but it is far superior in performance, as the current to any one socket/outlet has 2 parallel paths to take, so the cable is under less load.Also if one leg of the ring fails open (loose terminal in a socket/outlet) then the remaining leg still safely provides current. Radial circuits are adequate for lighting, as it is a low load, but sockets/outlets are best fed from a ring system. Hence, it can be concluded that ring distribution system offer ed a higher voltage load and lower feeder voltage drop. Conclusion: The objective was achieved. The principles of ring distribution systems as used in low voltage networks is demonstrated.

Organizational Communication Essays

Organizational Communication Essays Organizational Communication Essay Organizational Communication Essay Organizational Communication Name: Course: Institution: Instructor: Date: Organizational Communication Organizational Communication is the process of conveying, understanding information, and the bonds that tie organizations together (Stoner and Freeman 1992). Most managers spend 75% of their time communicating to their employees, customers and shareholders. Communication and comprehension abilities and skills are extremely important to managers. This is because they are crucial in their line of work. Managers should not depend on their secretaries to do all their organizational communication, as strong writing skills add to the credibility of the manager and reflects positively on a company’s image. Managers must be discreet in their written work and must know how to write effectively, they and should depend little on their secretaries (Dubrin 2000). Through communication, an organization’s activities are coordinated to enable the organization meet its goals. Managers should have excellent writing skills as it creates a good impression on the people around them including their colleagues, employees and clients. Poor communication is the leading cause of problems, and it can be extremely expensive. Organizational communication is the integral element of a manager’s function that means that a manager needs to have a good and effective way of communicating. Communication is the foundation on which the organization, and administration must be built and it should be the first function that managers develop and maintain. This is because it is the process that managers accomplish their work. During a regular working day, managers communicate via email to employees notifying them of different instructions concerning their duties at work. Such messages must be concise and self-explanatory, to enable time saving by avoiding time wastage while asking for further instructions. Business people are busy, and well-written communications helps in saving time (Torrington and Hall 1987). Managers are expected to write reports, emails, letters and memos, which their employees are supposed to read. If this communication is badly structured and written, the employees will waste time interpreting it. Effective communication is created when the intended meaning of the source and meaning of the receivers are the same. This should be the manager’s aim in any communication as good writing skills have a direct impact on their career and future. Reference: DuBrin, A. J. (2000). Essentials of management. Cincinnati: South-Western College Pub. Stoner, J. A. F., Freeman, R. E. (1992). Management. Englewood Cliffs, N.J: Prentice Hall. Torrington, D., Hall, L. (1995). Personnel management: HRM in action. London: Prentice Hall.