Advice on Enrolling at the Florida State College at Jacsonville Essay

Guidance on Enrolling at the Florida State College at Jacsonville - Essay Example Numerous understudies pick FSCJ over different schools due to the individual methodology that FSCJ has, its well disposed condition, and the reasonable installment plans (â€Å"Florida State College at Jacsonville Reviews,† 20110). FSCJ obliges understudies under the Federal Student Aid or the individuals who expect to look for help from the legislature to back their school considers. To apply, understudies need to make sure about their Free Application for Federal Student Aid (FAFSA), which is accessible in the FAFSA Web destinations. The simplest method to apply for government understudy help is to apply on the web. Paper applications are additionally acknowledged yet they set aside more effort to process than online applications. The principal activity is to enroll and make sure about a pin number. To be qualified, candidates ought to show monetary ineptitude to help their investigation, be U.S. residents, take a crack at a qualified program, and completed secondary school. Moreover, male candidates 18â€25 years old should enlist for a chose administration. With respect to the prerequisites, candidates should make sure about reports, for example, secondary school confirmation, charge testament, etc. Endless supply of the prerequisites, candidates may then round out the application structure. Next, they should survey the Student Aid Report so as to know different issues relevant to their application, including how to catch up their application. Having chosen the course to take at FSCJ, the candidate should record their application for confirmation with the FSCJ while as yet hanging tight for their government understudy help application results. Like FAFSA, the FSCJ Web webpage offers online applications yet the school similarly acknowledges hand-conveyed or sent applications. Candidates are required to take position tests, for example, the ACT, FCAT, CPT, PERT, and SAT dependent upon the situation. These arrangement tests decide the applicantsâ€⠄¢ capacities in the branches of knowledge to enable them to choose what courses to take. what's more, in what callings they are likely exceed expectations in. Candidates who effectively meet the underlying prerequisites may then finish the school direction, which fundamentally fills in as the guide for new understudies. This program is intended to illuminate understudies regarding the standards, physical structure, and arrangements of the school. After fruition of the direction program, understudies will experience first-term prompting. These incorporate understanding the situation results, realizing what classes to take, and acquainting oneself with the enrollment procedure. Through this program, FSCJ guarantees every new understudy know about the school arrangements and that they don't hesitate to request help from the counselor if the necessities emerge. FSCJ takes exhorting and advising as a genuine duty. Educational plan encouraging is done to help understudies in accomplishin g their scholarly objectives, though advising attempts to control understudies in their own interests, for example, managing injuries or emergencies, adapting to pressure and issues, and enduring challenges achieved by impromptu pregnancy, family struggle, etc. Understudies may benefit of prompting and guiding help by bringing in the Counseling/Advising office and making sure about an arrangement. To guarantee making the correct strides in their examinations, understudies ought to are doled out to a scholastic counsel who will prompt them what classes to take particularly for the primary term. Understudies should know their advisor’s name and plan, and should visit their guides not just during enlistment. A solid affinity is empowered among counselors and advisees particularly for the individuals who are working, since they have to illuminate their guide regarding their own work routines. Likewise, when conversing with the counselor, understudies

Recycled toothbrushes make sense Essay Example | Topics and Well Written Essays - 250 words

Reused toothbrushes bode well - Essay Example This association can reinforce the brand picture of the organization before individuals who are worried about nature and help recycline accomplish its crucial safeguarding the earth. Extra ways the organization can advertise its item is by utilizing options in contrast to plastic in its bundling. This will additionally demonstrate the company’s ability to accomplish better natural measures. It can likewise utilize garbage jars or other arranged material in its creation office to permit reusing. Moreover, the utilization of natural methods of advertising, for example, planting a tea joined by organization marking can likewise fill the need as clients will begin to connect green with Recycline. As the organization develops bigger it will confront noteworthy difficulties in improving its creation. So as to keep up its aphorism of utilizing reused items, it should look for organization with government and nongovernmental offices to encourage them in getting arranged material that can be utilized as potential contributions for their item. Besides they will likewise need to grow their breeze creation office. Promoting should take the ATL course more frequently and spending on advertising will likewise must be

Seeples Spotlight Andrew Liu COLUMBIA UNIVERSITY - SIPA Admissions Blog

Seeples Spotlight Andrew Liu COLUMBIA UNIVERSITY - SIPA Admissions Blog This semester the Office of Admissions welcomed three new Program Assistants (PAs) to the team. This week Im introducing you to each of them in the form of self-interviews. Next up, Andrew Liu. Hes studying International Security Policy, worked in the Pentagons Office of the Secretary of Defense as a security policy intern last summer, and served as an active duty Marine for about seven years. Heres what he has to say about his time at SIPA. What were you doing before you came to SIPA? Before SIPA, I served in the US military as an active duty Marine for almost seven years. My assignments have taken me from the Quantico Highlands of Virginia to the sunny beaches of Southern California and the hot deserts of Afghanistan. I’ve worked in managerial roles as a platoon commander and in planning and advisory positions as a staff officer. What attracted you to SIPA and Columbia University? I was attracted to SIPA and Columbia University for both professional and personal reasons. I decided on SIPA for its reputation and faculty and its location. I knew the school’s prestige and faculty would best support my career change into policy. Earning a master’s degree from a top-tier program is a major requirement of the field. I knew that being affiliated with certain institutions alone presented career opportunities. I was also impressed by the school’s faculty. To me, a two-year investment in education was only worth it if I was being instructed by a world-class faculty of leading scholars, thinkers, and practitioners. As a New York native, I wanted to spend more time with my family. At the time of my decision, it had already been seven years since I moved away. I knew that a career in defense and security policy would keep me away from NYC, so I figured I spend as much time as possible with my family beforehand. What most surprised you about SIPA after you arrived? I was most surprised by the policy/culture-focused delegations throughout the school year (winter and spring break/summer). These student-led trips are generally planned out by peers native to each destination. For example, this past winter break, there were trips to Israel and Palestine, South Africa, and China. There are trips going to Morocco and Japan this spring. Some of my Russian/Central Asian friends planned a group trip to the Russian Federation last summer and are working on a Central Asia itinerary this year. Imagine visiting a best friend that moved abroad and who happens to work for the government in said country. How did you find the core curriculum at SIPA? The core curriculum was rigorous and necessary. I was particularly apprehensive about economics and quantitative analysis since it had been ten years since I’ve done anything related. I realized how necessary it was during my internship at the Pentagon. I was working on the NATO policy team when Brexit happened; I was able to break down and analyze its economic implications for the future of the Alliance. How did you obtain your internship? The International Security Policy concentration planned a trip to DC to visit SIPA/Columbia alumni and officials working in the executive and legislative branches of US government. We met with staff from the White House, Department of Defense, State Department, Treasury, Office of Management and Budgeting, and Congress. At the end of the trip, I sent out thank you email which subsequently connected me to an internship. [Photo courtesy of Andrew Liu | Andrew during a SIPA Israel Delegation trip]

Project Management Recommendation - 620 Words

Dear Mr. Gritsch: In continuation of your email dated February 10, 2014, I have completed analysis of three projects: Juniper, Palomino and Stargazer. The risk levels in Juniper, Palomino, and Stargazer are low, medium, and high respectively. It is in the best interest of Piper Industries Corporation to move forward with the Stargazer project. Stargazer is selected due to its feasibility and risk level. From market feasibility study, some strategic customers have already indicated interest in the product. Therefore, I would recommend that the board invest in the project, Stargazer; particularly because the company has already invested $450,000 and the ROI is very high. My feasibility study focused on Return on Investment†¦show more content†¦The following phases / process groups will be used to complete the project: 1. Project conception and initiation The conception of the project is that the project is a new line widget product including enhancements through the use of existing technology. The initiation of this project will be upon the approval of the project by the CEO. 2. Project definition and planning Stage two of the project is making a project plan. The project plan will be completed by the project team with the consultation of the technicians and experts. The project plan will be in writing and will be well defined. 3. Project launch or execution The project plans and task will be discussed amongst all team members and the task will be divided among the project team. 4. Project performance and control The project manager will be the leader of the project. His or her task will be to monitor performance and control. All project team members are responsible in evaluating each other and helping the team to perform better together. 5. Project close The project will be closed only upon completion of the project, evaluation of the project, and client approval of the project. Key deliverables associated with the selected project: If after the Estimated Budget at Completion of $575,000 is spent and the product is developed as specified in the project plan, then the projectShow MoreRelatedProject Management Recommendation For Company s Future Growth1450 Words   |  6 Pages Project Management Recommendation Your name OPS/571 Aug 19, 2013 Faculty Project Management Recommendation Dear Mr. Gritsch, Thank you very much for your confidence in our expertise and competency to analyze newly proposed project for company’s future growth to capture more market share in our specialties. As mentioned in your email note, â€Å"the first project Juniper is an enhancement of a current widget being offered by the company, the second project Palomino is a new line of widget productsRead MoreProject management Essay963 Words   |  4 PagesProject Management Recommendation Cali Hadafow OPS/571 May 12, 2014 Project Management Recommendation Piper Industries Corporation Project Management Recommendation Dear Project Manager, In response it is to your previous E-mail with the attention of the projects of Juniper, Palomino and Stargazer. The team is found and analyzed the three projects, assessed the risk that each project contains as well as returns on investment (ROI). There are many aspects one should thinkRead MoreChange Management Theory Essay1673 Words   |  7 Pagesanalysis of corporate management. The analysis includes evaluating the client’s management practices and providing recommendations on potential change management techniques, which may improve the processes the company employs when transitioning to a new technology. Goal of change management process is the improvement of an implementation tempered by bottom-line realities. The agenda for the presentation includes the problem statement, the engagement scope, company’s change management history, discussionRead MoreNutrigrow1239 Words   |  5 Pagesdecade. With the expectation of increase business, management has assigned the payroll department with the task of implementing payroll best practices in order to transform into an efficient high performance team. The payroll department must thoroughly examine existing practices and choose how to best achieve the vision that management has set for them. Payroll must also identify other issues that happen as a result of this project and recommend solutions to these issues. This report willRead MoreProject Proposal Essay1152 Words   |  5 Pagesseven to eight (7-8) page paper in which you: 1. Recommend a project portfolio management method for your selected project. Provide a rationale for your recommendation. Note: Be sure to align your project with the strategic efforst of the organization. 2. Create an outline of an executive summary that includes the type of problem, requirements, and proposed business problems solutions. 3. State the vision and the goal of the project. Note: Be sure that the goals are specific, Measurable, AttainableRead MoreThe Career Of An Operations Manager At A Call Center963 Words   |  4 Pagescenters are a great way to show how tools are being implemented throughout the day. There is a need for an operations manager to utilize the tools necessary for the business to survive. They use many tools but I am focusing on a few. Quality management which is used to assure that the agents who are taking the calls met the expectations of the customers and fulfilling their duties at work as well. Forecasting which is determined by how many leads that are available, by the number of agents, theRead MoreOrganizational Biology And The Information Management1661 Words   |  7 PagesWithin Synaptic’s organization, there is a distinct disconnect between the Computational Biology and the Information Management (IM) groups. There is a visible lack of knowledge and information sha ring between the two. Drastic measures must take place so they can learn to work together to bridge the gap that is between them. Project governance is desperately needed by both the Computational Biology and IM groups as well as the overall organization. Problem Definition: Cultural Challenges DifferencesRead MorePeachtree Healthcare Essay1392 Words   |  6 PagesRecommendation for Peachtree Healthcare Marc A. Moore CMGT 583 IS Integration 25 March 2013 John Sallee Recommendation for Peachtree Healthcare This paper will make some recommendation for Peachtree Healthcare to solve its IT problems using the case study from Harvard Business Review. Choosing one of four commentator’s opinion from the commentaries, will help distinguish which one will make the most sense for the organization. Peachtree Healthcare Read MoreBusiness Architectural Proposal Essay examples863 Words   |  4 Pagesbusiness architecture scope will include every phase necessary for the smooth operation of Smart Homes, which includes, financial, IT, sales, and human resource. The outcome of this scope will be subject to change depending on the project needs. The scope of this project will include the following: Data Collection * Analysis of the active business practices to determine ineffectiveness. * Analysis of IT policies and procedure. * Surveys of the current market to determine target areasRead MoreProject Management Techniques For Success And Failure1589 Words   |  7 PagesProject Management Techniques for Success and Failure Individual Assignment BPM501, Semester 1 2016 Table of Contents Executive Summary 1. Introduction 2 2. Project Classification 2 2.1 project success factor 2.2 cause of project failure 2.3 project success factor of IT 2.4 project failure factor of IT 3. Scope of the literature 4 3.1 Key words 3.2 Databases 3.3 Journals 4. Background (Headings and subheadings) 5 5. Discussion 6. Recommendations 7. Conclusion 8. Your

Diversity Is Like A Salad - 880 Words

Diversity in America is like a salad. Each piece of the lettuce holds its own identity but the whole salad is mixed together and held in one bowl. Likewise each person has a distinct difference from one another, but we are all living in the same country. 1. Why did you decide to take this course? Being that I am a young African American female I wanted to go to a prestigious college with a mixture of different cultures. Learning about my culture along with other ones was an important part of growing up. When I came across this class I really was interested in what it had to offer. Not knowing what I want to specifically focus on in the psychology field I decided to dig deeper in the cross culture diversity section by taking this class. 2. Recall the incident in which you first became aware of differences. What was your reaction? Were you the focus of attention, or were others? How did that affect how you reacted to the situation? At a young age I started to notice the differences between the races and cultures. Why wasn’t my hair like the other kids at the school? Why was my skin much darker? I was constantly teased and called names like brownie or blackie. I felt as if I were the ugly duckling. I stuck out like a sore thumb being that I was one of the few African American children that were in 4th grade. Finally, I decided I didn’t want to be different, I asked my mom to make my hair look like the other little girls in class. In fact it got to the point where I beganShow MoreRelatedImmigrant Influence On Culture And Society1010 Words   |  5 Pages The United States has been called different terms when describing immigration, the most popular term was â€Å"melting pot†, but lately the more politically correct term is â€Å"salad bowl†. The melting pot better describes American society because the cultures have blended together and became more accepting of each other. 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McDonald’s could offer dessert promotion thatRead MoreThe Article What Every American Should Know By Eric Liu1504 Words   |  7 Pagesthe struggles, the rapidly changing, and all of the multicultural issues that continually expands through every day of the culture wars. So within this article Liu is confronting a very substantial topic, which he asserts the problem of cultural diversity or the culture wars inside of the United States. In the article Liu provides the reader with many different examples all the way from cultural literacy, multiculturalism, and many examples from history over the years. Liu also expresses these examplesRead MoreKroger Company s Owner, The Great Western Tea Company909 Words   |  4 PagesHistory: In 1883, Bernard Kroger, who is Kroger Company’s owner, opened the Great Western Tea Company in Cincinnati when he was 22. In 1902, the company became Kroger Grocery and Baking Company after growing to 40 stores in different cities like Cincinnati and northern Kentucky. The company continued growing thorough buying smaller, cash-strapped companies. Moreover, in the late 1920s, the company gained Piggly Wiggly stores, and in early 1940s, the company bought most of the Piggly Wiggly stockRead MoreMulticultural Education : A Truly Multicultural Mosaic1259 Words   |  6 Pagessense that our world was moving towards multiculturalism. Some see the old metaphor, the â€Å"melting pot† fading away within the last decade and has grown into a new term(s) like the â€Å"salad bowl† and â€Å"mosaic†. These two terms can best be defined as mixtures of ingredients that each keeps their own individual characteristics (i.e. a salad bowl and a mosaic). 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Why We Should Ban Cell Phones And Driving Free Essays

Every day, millions of people get in their vehicles and drive. Some are mothers, some are fathers, some are students, yet all are in danger from preventable accidents caused by cell phones. For proof that cell phone accidents are increasing, people simply need to look at sections of websites devoted entirely to car accidents caused by people using cell phones while driving (Car Accidents). We will write a custom essay sample on Why We Should Ban Cell Phones And Driving or any similar topic only for you Order Now We live in the now generation. We want everything as soon as possible and preferably before we know we want it. Imagine how many people turn their cell phones on and call people the instant their plane lands, minutes before their plane reaches the gate. Cellular phones feed into our need to have information and always be connected, but that need is only safe as long as common sense is used. When common sense is not in effect, driving while using a cell phone can be dangerous. Problems Cell phone accidents injure 330,000 people a year and kill 2,600 a year (Britt 2005). Most people have seen someone talking on a cell phone and driving erratically. They are typically not hard to see because they are usually weaving into the next lane or have poor reflexes when confronted with a red or green light. We ban drinking and driving because there are so many deaths and injuries caused by it, so why do we continue to ignore the dangers of calling and driving? The problem has not gone unnoticed. The government has recognized the risk of driving while calling and have enacted legislature to counteract the increasing number of people involved in accidents caused by distracted drivers. Yet each state has different laws regarding cell phones and driving. Based on the most recent statistics (2008), some states like California talking on the phone (unless it is on the speaker) while driving, and certain groups of people from using the phone. Other states, like Louisiana, do not have any restrictions on using cell phones while driving (Edgar Snyder and Associates). Statistics Cell phones have made our lives more convenient but also more dangerous. Cell phones have 250 million users in the United States, a number that is increasing yearly at a rate of 40%. Studies have also discovered that cell phone use while driving increases the chance of a car accident. Even the task of dialing numbers can cause a person to potentially lose control of the vehicle. Incidentally, most people who were in car accidents while driving were on the phone. Out of the plethora of accidents where cell phones were involved, the drivers hit large objects that would have been avoidable had the driver been focusing on the road (Edgar Snyder and Associates). People who believe that they have excellent reflexes and can avoid a crash are incorrect. It was found that a 20-year-old driver talking on a cell phone has the reflexes of a 70-year-old driver not talking on a cell phone (Britt 2005). People who use hands-free cell phones also contribute to the heightened danger on the road. The mitigating factor in accidents involving cell phones is distraction. The problem is that the drivers can see the road, but they are not involved in what is happening on the road. As strange as it seems, a study found that it is categorically safer to have a person driving with a blood alcohol level greater than . 08 on the road driving than to have a person talking on a cell phone driving (Britt 2005). How to Help Now that we know the extent of the problem, what can we do to prevent those unnecessary accidents from claiming more lives, maybe even the life of someone we love? With inconsistent legislation among the states regarding cell phone use and driving, there is a chance that you have driven in a state with very relaxed or nonexistent laws about driving with cell phones. There are several ways people can protect themselves when driving with a cell phone. A spokeswoman for the California Highway Patrol, Anne Da Vigo suggests pulling off of the road for extended phone calls, to tell the person you are talking to on the phone that you are driving, ask any passengers accompanying you to do the talking, keep the call short and only use the phone when you need to. (Goepel 2003). Legislature Even though those steps are beneficial when using a cell phone while driving, it is not enough to keep the safe cell phone drivers away from the dangerous ones. We need to petition our government to ban any form of cellular phone use while driving. The government will not know how concerned we are about the dangers of driving while calling unless we bring more attention to the situation. Twenty-two of the 50 states have no legislature banning driving while on a cell phone. That means that people in 44% of the states in the United States are at in increased danger of being in an accident caused by a driver talking on a cell phone (Edgar Snyder and Associates). The first steps for legislation come from the citizens, businesses, lobbyists, elected officials, etc. (Nevada Legislature). If we decide to ignore the initial steps to have a bill passed because we are confident someone else will do the work, we are wrong. We need to be a collective voice that lets our government know that we are tired of having innocent citizens hurt by distracted drivers. It is time for us to have our government to listen to what we have to say. We need to be proactive so we do not lose more people from our communities to senseless accidents. References Britt, R. R. (2005). Drivers on Cell Phones Kill Thousands, Snarl Traffic. LiveScience. Retrieved July 18, 2009 from LiveScience database. Car Accidents. Cell Phone Accidents Pictures Stories. Retrieved July 18, 2009, from http://www. car-accidents. com/cell_phone_car_accidents. html . Edgar Snyder and Associates. Car Accident Cell Phone Statistics. Retrieved July 18, 2009, from http://www. edgarsnyder. com/auto-accident/auto/cell/statistics. html . Goepel, J. (2003). Crashes caused by inattentive drivers are nothing new. Cell phones are the latest distraction. Via AAA Traveler’s Companion. Retrieved July 18, 2009 from VIA Magazine database. Nevada Legislature. How a Bill is Passed. Retrieved July 18, 2009, from http://www. leg. state. nv. us/General/im_just_a_bill. cfm . How to cite Why We Should Ban Cell Phones And Driving, Papers

Retail Industries Oil & Gas

Question: Write an essay on Development in Oil and Gas Retail Industries? Answer: Introduction The UK downstream oil sector consists of over 200 companies that are involved in refining, distribution and marketing of petroleum products. The range of oil companies is members of UKPIA, other supermarket groups and independent retailer groups. There has been quite a growth and development in this sector as the market is split among power generates, industrial and transport, agricultural, government agencies, public services and military. There has been growth cited in the jet fuels and other transport fuels due to the rising demands. Thus, petrol covers 38 % of the road transport demand, and diesel represents 62% of the total demand. Hence, the following paragraphs discuss and uncover the factors that have lead to the development and have led to the growth of this sector (Steinberg, 2012). 1. Consumer needs as a business driver The consumers are essential factors of any business. The retailers use the consumer needs and want to market their products. Hence, consumer needs are not always inherently present but are also made. This consumer needs should be understood and catered to by the retailers to drive their business. According to the Deloitte report, the ultimate consumer needs for fuel and petroleum is the ease and convenience as well as the price. It is seen that consumers want better performance and service together. They feel that the (Petrol Filling Stations) PFS should be situated in 10miles interval. Also, due to the rising price of petroleum and other fuel, the availability of cheaper fuel, the customers are ready to drive an extra mile (Deloitte Study of the UK Petroleum Retail market, 2012). Market assessments done by forecourt retailing, finds the consumers paying more attention to price over distance. Thus, the availability of PFS is given second priority due to the price hike. Surveys show that consumers are ready to hunt for cheaper fuels across greater distance for finding conveniently priced fuel. Thus, the convenience of the availability was failing to get the right attention and success. A need was cited to use this behaviour to direct effective sales. A range of deals were introduced, and it has been seen that attractive fuels deals are the need of the hour. Apart from these factors, there are a few other features that attract the customers to the forecourts (UKPIA Statistical Review 2014 Statistical Review 2014, 2014). These are the grocery shops, loyalty card schemes, cash point and ATM services and also car wash features. Availability of this value added services will make sure people drive up to the PFS stations. The recent studies conducted by the Palmer an d Harvey shows that forecourts should be a more secure and safer place for nights and parcel pick-up services, or post offices could be a better way to get customers (Lode Napier, 2014). As already said and discussed that the majority of demand is for jet fuels but as these are not produced enough, the surplus fuel oil are converted to petroleum and diesel for export cases. The downward demand in transport fuel due to the economic crisis has affected the consumption. However the efficiency of the cars and the high performance has gained raise the demand for transport fuels, especially of diesel. It is also judged by some call centre programs and customer relationship programs. It is found that customers like the idea of a loyalty scheme and when prompted offered great insights into their needs and demands regarding the filling stations. Other recent customer needs are the efficiency of fuels and less impact on the environment. The biofuels are heavily in demand, and lead-free petroleum is the recent trend that is widely being adopted. Hence, to gain customer trust and foster sales, the companies and refineries must invest in providing cleaner fuels that will burn less. It's a huge demand, but the popularity of the idea has gained much access in the market, thus driving changes and newer growths into the market. 2. Relationship with fuel suppliers The major oil terminals are supplied by the pipeline, rail and sea from UK refineries. Around 3000 miles of pipeline are used in delivering the oil. These pipelines are owned either privately or by the government and provide various kinds of oil product, and thus the distribution system is far and wide. It takes several days for the fuel to reach the destination and hence the pipelines and tanks should be regularly maintained (Rahmoun and Debabi, 2012). The filling station retailers make their purchase of fuels from the supply division of the oil companies and the independent fuel suppliers. Thus, a contract, or supply agreement is formed between the two parties that are maintained by the relationship. The contract refers to the price that is needed to be paid by the PFS retailers. It is a Platts Plus charge where, Platts is the international benchmark, whereas the plus is the extra that the supplier charges. Thus to enhance this relationship and the framework of business other elements are also added to the contract. This is the credit card system, fuel cards and loyalty cards, pump maintenance and stock management services (Collins, 2014). This relationship is affected by the availability and the types of fuels that are available with the supplier. The nature and form of the contract also define the stability of the relationship. The payment terms are often revised and thus can change the balance of the relationship. Finally, the logistic arrangement and delivery also matters in maintaining the relationship (WU, ZHANG and WANG, 2010). The independent dealers have a different approach in maintaining the relationships with fuel suppliers. These approaches are, the payment terms are shorter, the choice is much reduced, the contract terms are different and the delivery site is included in the contract (Ogj.com, 2015). In a lot of markets, the oil companies have tried to ease out and reduce the cost of trading through channels and putting more focus on the implementation or operation models on multiple sites. However, the focus should also be on the sustainability of the channel of trade and efficiency in the service. Thus, there is a need to engage in building a stable relationship with the suppliers so as the cost reduced and value is maintained at all level. This will ensure that better product is delivered to the customers. A range of activities like supplier management and monitoring could be taken up to foster the relationship with suppliers. It is a key segment of driving business growth and marketing as well as organisational communication activities will achieve the target ('UK oil and gas development potential assessed', 2000). 3. Level of competition There are already many fuels available in the market with different features and attributes and of different use. It is already sighted that there is greater demand for jet fuels, but the other major fuel segments are LPG, petrol, diesel, etc. Also, there are quite many refiners in the UK market raising the level of competition (Economicsonline.co.uk, 2015). The Deloitte report suggests that there is certain brand loyalty to the public. But owing to the recent fuel hike, the consumers are becoming largely price sensitive and thus the ones with the best offers are gaining the market shares. Other factors that led to competition are distance and the time was taken to arrive at a PFS or the number and size and geographical condition of the place where the PFS is situated. Another important factor is the type of company operating in the PFS area. The growth of hypermarkets is another factor that has lead to the PFS owners compete with the retail price. This reduces the gross margins. The hypermarkets offer more discounts to the customers and thus, the PFS owners have to upgrade themselves to face the completion. The entry of large supermarkets like Tesco and Sainsbury in the retail petrol scenario has upped the competition in the market by reducing the retail price. Another most crucial factor that has driven the business is the growth of non-fuel sales that attracts the customers. The forecourt that offers better shopping opportunities to the customers are more appreciated, and thus a competition has arisen out of the urge to deliver better options to the customers. The intense completion has led to many PFS and petrol pumps shutting down and the ones at the hypermarket staying back. But those who are sustaining had to integrate a wide range of new attributes and marketing activities to thrust the business (Macalister, 2014). On the other hand, it is reported that the UK oil companies are lagging behind in the international scenario, and this is due to the rising cost of exploration and recovery of oil. Thus, the completion regarding resources, including human and other physical resources is also significant in driving the competition. The UK government department and agencies have helped the industry sustain its competitiveness. Competitiveness leads to an urge to fight and excel and thus would ensure business growth. Hence, the competitive ground must be maintained at all levels. Another strategy that is being adopted recently to foster the completion is the merger and the acquisition, and it has to be proven that the merger would not degrade the level of competition (Promoting Competition in the Natural Gas Industry, 2002). The competition had also been beneficial in driving employment, as attaining human resource was one of the factors of competition. Also, these means great values are being provided to the customers. Increased satisfaction means growth in demand and thus in a way, completion will also have a huge impact on driving the business growth in the particular sector. 4. Government and regulatory policy The oil industry and more particularly the PFS system of UK are affected but the government policies and regulations. The regulatory policies like environment and safety standards, along with the Fuel duty, VAT, business rates and corporation tax are the drivers of government policies that have quite an impact on the oil industry of UK (Rutledge, Wright and Boardman, 2010). The increase in the business rates or the rateable value will lead to forecourts closing down after 2015. Thus, the impact on the industry will be huge. Also, currently the fuel duty and VAT consists 60% of the ultimate retail price. Thus, the increase in the VAT and fuel duty will be different for different PFS owners as they have different contract terms. Thus, the rising costs will impact the retailers and the PFS owners in a different manner (Simpson, 2011). The environmental and safety policy is another factor that is paid more attention recently. The biofuels, air pollution and vapour recovery are important factors that are essential to kept in check. Biofuel are more or less renewable energy sources and is the answer to the future energy use. The E10 and E5 petrol with a proportionate mixture of ethanol and petrol have increased the share of the renewable energy sources in the transport sector. Thus, the supermarkets and PFS owners must keep sufficient stock of these fuels to receive the good eye of the government fuel emission and service standards. Inability to do so will lead to closing down of many companies (Managi, 2007). Another feature is vapour recovery that prevents and reduces the emission of volatile gases and other organic compounds. Thus, the PFS owners and other companies must integrate vapour recovery to their systems to attain the Petrol stage II. This will raise the standard and efficiency of the system and will suffice the government. Another key driver is the government's urge to reduce the emission of greenhouse gases by 80%. This means engineering of efficient cars to get cleaner fuels. A rise in the cost of fuels is cited due to this reason and the competition in the industry to provide and distribute cleaner fuels to the mass. It means a reinvigorated competitive scenario, this tome with serious and different implications (Ambituuni, Amezaga and Emeseh, 2014). Finally, the last factor that is paid attention is the safety process in retrieving and distribution of oil to different stations and pumps. Occupational health and safety must also be held by the PFS, hypermarkets and the refineries so that quality is maintained and at the same time, the government regulation is followed and appeased. The refining and the marketing industry have already maintained a high standard in this sector, thus gaining complete support from government agencies when it comes to human control and management. Injuries reported are very low as the high level of attention is paid to safe practices. Thus, the workplace situation is healthy and less environmental implications. The government supports the industry in context to these features, and there is a wide scope of business growth for the industry owing to this attributes and futures that are followed strictly. Conclusion The business in the UK petroleum retail market is a combined discussion of the hypermarkets, refineries and the PFS ownership. There are many factors that have driven the business growth, and these include the high fuel prices owing to the fewer resources and costly recovery methods and unavailability of upgraded features. Thus measuring all the factors four specific points are highlighted which impacts the business growth. These factors like consumer demand, relationship with suppliers, the level of competition and the governmental policies and regulations have had a quite impact on the business growth and thus are discussed elaborately. Finally the opportunities and the future market trends are also guessed at. References Ambituuni, A., Amezaga, J. and Emeseh, E. (2014). Analysis of safety and environmental regulations for downstream petroleum industry operations in Nigeria: Problems and prospects. Environmental Development, 9, pp.43-60. Collins, N. (2014). Fuel prices: the 'rocket and feather effect' explained. [online] Telegraph.co.uk. Available at: https://www.telegraph.co.uk/news/uknews/road-and-rail-transport/11212890/Fuel-prices-the-rocket-and-feather-effect-explained.html [Accessed 9 Aug. 2015]. Deloitte Study of the UK Petroleum Retail market. (2012). DECC Report. Economicsonline.co.uk, (2015). The market for oil. [online] Available at: https://www.economicsonline.co.uk/Competitive_markets/The_market_for_oil.html [Accessed 9 Aug. 2015]. Lode, N. and Napier, C. (2014). Recognition of Actuarial Gains and Losses under IAS 19 among UK Listed Companies. Jurnal Pengurusan, 40, pp.15-24. Macalister, T. (2014). Petrol retailers urged to cut prices in line with falling oil costs. [online] the Guardian. Available at: https://www.theguardian.com/money/2014/nov/06/petrol-retailers-urged-cut-prices-falling-oil-costs [Accessed 9 Aug. 2015]. Managi, S. (2007). Technological change and environmental policy. Cheltenham, UK: Edward Elgar. Ogj.com, (2015). Total sells UK retail, fuel distribution assets. [online] Available at: https://www.ogj.com/articles/2011/06/total-sells-uk-retail.html [Accessed 9 Aug. 2015]. Promoting Competition in the Natural Gas Industry. (2002). OECD Journal: Competition Law and Policy, 4(2), pp.67-145. Rahmoun, M. and Debabi, M. (2012). Dependence and Commitment: Main Determinants of Negotiation between Suppliers and Retailers. IJMS, 4(3). Rutledge, I., Wright, P. and Boardman, B. (2010). UK energy policy and the end of market fundamentalism. Oxford: Oxford University Press. Simpson, B. (2011). The Effect of Environmental Regulations and Other Government Controls on Oil and Gasoline Production. Energy Environment, 22(3), pp.151-166. Steinberg, R. (2012). Corporate CultureDriving Business to Failure, or Success. EDPACS, 46(1), pp.1-8. UK oil and gas development potential assessed. (2000). First Break, 18(11), pp.453-453. UKPIA Statistical Review 2014 Statistical Review 2014. (2014). Statistical Review 2014 Statistical Review 2014. WU, J., ZHANG, L. and WANG, M. (2010). The Relationship Model Between Suppliers and Retailers Based on System-collaboration. Contemporary Logistics, pp.115-121.

Monkey and Banana free essay sample

Monkey And Banana Google Search Results : 34,900,000 Monkey Want Banana Shopping Cart HeroMany have tried. Many have failed. Do you have what it takes to be a hero? Available on the web, and now for your iPhone and iPod touch! | Yahoo Search Results : 37,900,000 Monkey and banana problem From Wikipedia, the free encyclopedia Jump to: navigation, search The monkey and banana problem is a famous toy problem in artificial intelligence, particularly in logic programming and planning. Contents  [hide]   * 1 Formulation of the problem * 2 Purpose of the problem * 3 References * 4 See also| [edit] Formulation of the problem A monkey is in a room. Suspended from the ceiling is a bunch of bananas, beyond the monkeys reach. However, in the room there are also a chair and a stick. The ceiling is just the right height so that a monkey standing on a chair could knock the bananas down with the stick. The monkey knows how to move around, carry other things around, reach for the bananas, and wave a stick in the air. We will write a custom essay sample on Monkey and Banana or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page What is the best sequence of actions for the monkey to take to acquire lunch? In other variants, the bananas are in a chest and the monkey must open the chest with a key. [edit] Purpose of the problem There are many applications of this problem. One is as a toy problem for computer science. Another possible purpose of the problem is to raise the question: Are monkeys intelligent? Both humans and monkeys have the ability to use mental maps to remember things like where to go to find shelter, or how to avoid danger. They can also remember where to go to gather food and water, as well as how to communicate with each other. Monkeys have the ability not only to remember how to hunt and gather but to learn new things, as is the case with the monkey and the bananas: despite the fact that the monkey may never have been in an identical situation, with the same rtifacts at hand, a monkey is capable of concluding that it needs to make a ladder, position it below the bananas, and climb up to reach for them. The degree to which such abilities should be ascribed to instinct or learning is a matter of debate. In December 2007, a pigeon was observed as having the capacity to solve the problem. [1] References 1. ^ A Pigeon Solves the Classic Box-and-Banana Problem. YouTube. 2007-12-24. The ceiling is just the right height so that a monkey standing on a chair could knock the bananas down with the stick. The monkey knows how to move around, carry other things around, reach for the bananas, and wave a stick in the air. What is the best sequence of actions for the monkey to take to acquire lunch? In other variants, the bananas are in a chest and the monkey must open the chest with a key. [edit] Purpose of the problem There are many applications of this problem. One is as a toy problem for computer science. Another possible purpose of the problem is to raise the question: Are monkeys intelligent? Both humans and monkeys have the ability to use mental maps to remember things like where to go to find shelter, or how to avoid danger. They can also remember where to go to gather food and water, as well as how to communicate with each other. Monkeys have the ability not only to remember how to hunt and gather but to learn new things, as is the case with the monkey and the bananas: despite the fact that the monkey may never have been in an identical situation, with the same artifacts at hand, a monkey is capable of concluding that it needs to make a ladder, position it below the bananas, and climb up to reach for them.

Seperate Views of Architectural Design essays

Seperate Views of Architectural Design essays Separate Views of Architectural Design What should we do to solve the problem posed by the use and availability of the virtual reality design concept? This question was answered by two very similar yet different magazine articles. The first article was Intelligent Architectural Modeling from the AEC Magazine, which is a specialized magazine for professionals in the field of design and architecture. The second is Diving Deeper into Designs from the magazine Java World, which is used by many people in the information technology field. Both magazines cover the topic very well. There are however many differences in the two separate articles. The first of the two articles Intelligent Architectural Modeling was written with the audience suppose to be a more technical or professional person. It was written to cover the problems with the virtual reality design and how people who use it with their profession approach the problems, such as companies like Graphisoft, Nemetschek, and Revit. In contrast the article Diving Deeper into Designs has more of a feel like it was written for college students or people learning to use the virtual reality system. Penn State University is referred to as one of the first schools in the country to use the system for training students. It also describes how it is so hard for this system to be implemented in more schools because of price and availability. In the audience analysis, to see how each was written to appeal to different types of readers, it is easy to see who the writers are trying to reach. Why the writers have chosen differently is a very interesting question. In the first of the two articles I believe the author Martyn Day is trying to reach colleagues to help solve and to help diagnose problems with the system. He is talking to software developers for help in designing new software. He knows software is always changing and ...

LINGUISTICS - Discuss the role and status of pidgin and creole Essay

LINGUISTICS - Discuss the role and status of pidgin and creole languages in post-colonial contexts - Essay Example 8) which they master as they grow, using it as their most effective means of interacting and identifying them in many ways. For example, through language people’s nationality, profession, education, and even values can be sensed. Hence, â€Å"when we study human language, we are approaching what some might call the ‘human essence’, the distinctive qualities of mind that are, so far as we know, unique to [humans]† (Chomsky, cited in Fromkin & Rodman, 1998: 3). With language being distinct to humans, it is believed that, languages best mirror the human mind (Leibnitz, cited in Chomsky, 1986, p. 1). Thus, language study is important and fascinating, specifically the study of language acquisition. As Bloomfield (1933) said: â€Å"the acquisition of language is doubtless the greatest intellectual feat anyone of us is ever required to perform† (p. 29). If children’s effortless acquisition of first language (L1) raises many questions, the impact of L1 acquisition on second language (L2) acquisition raises more questions, especially in considering its implications on L2 teaching. LA, a field of study that has earned much attention and controversy, is used interchangeably with language learning (LL). For instance, Quine (1960) defines LA as just another term for LL, as the mental capacities used in acquiring a language are the same mental capacities used in learning a wide array of other skills. But Chomsky (1969) and Krashen (1981), in different contexts, define LA and LL as two different processes. For Chomsky, children acquire and master their L1 as they develop, yet they learn their L1 differently compared with their learning other things, like using cutlery (cited in Chapman, 2000, p. 159). While, Krashen (1981) differentiates LA and LL in the context of second language acquisition (SLA), wherein LA is the process by which children acquire their L1 and L2,

Teenage Pregnancy Essay Example | Topics and Well Written Essays - 3500 words

Teenage Pregnancy - Essay Example Worldwide, rates of teenage pregnancy range from 143 per 1000 in some sub-Saharan African countries to 2.9 per 1000 in South Korea. (Treffers, 2003, UNICEF. (2001) ).Among OECD developed countries, the United States and United Kingdom have the highest level of teenage pregnancy, while Japan and South Korea have the lowest.( national master, 2008) In countries such as India the majority of teenage births occur within marriage.( Mehta, 1998, UNICEF, 2001) in developed countries this is mostly outside a marriage and is regarded to be an illegal pregnancy but in US and UK a huge number of these pregnancies though occurring at teenage are taken to term and children are delivered. Age at the first child birth is very important prognostically for a woman's gynecological history as well as other general health issues but this aspect has not been addressed the way it is needed. Most of the developing countries where early marriages are very common are the ones have a higher maternal and infan t mortality and morbidity rates due to prenatal, antenatal and postnatal complication. With pregnancy there are a number of risks associated and they all have an impact on the outcome of the pregnancy and most of those disorders like pregnancy induced hypertension, gestational diabetes, and low birth weight babies occur if the mother's age is less than 15 years. In UK young girls mostly have poor intake of nutritional food and they are more for putting their self on diet and for that reason their bodies are not prepared for conceiving. If we see for a woman to turn into a healthy mother she needs time to get prepared for becoming a mother and if she becomes a mother all of sudden without prepreparation she will obviously not be ready to handle the responsibilities. Pregnancy needs a close follow ups for antenatal care but if the mother is immature to the extent that she does not understand the importance f this aspect then how can a pregnancy be helped with antenatal care provision That is so important for a pregnancy to go healthy till its term. Child bearing duration of a female has a significant impact on a family's structure, economic status, health of that family, and even its particular social class and if taken at a larger scale it has a profound impact on a country's economy. If a woman starts producing children at the age of 15 she is getting 25 plus potential years to be fertile which can potentially be leading to a good number of increases in a nation's population. Pregnancy at an early age is very unhealthy in terms of its hazardous impact on the mother's and child's health, its impact on country's economy and the social issues associated to this phenomenon. Pregnancy is regarded to be a medical condition and it has to be given the due attention of a potential killer if not taken care of properly. Pregnancy is a much altered state of physiology of a woman. Pregnancy itself carried a significant risk to a mother's health whether at occurs at any age or later. However; there are additional medical concerns for younger mothers, particularly those under 15 and those living in developing countries. (Mayor, 2004) A pregnant mother undergoes through a transition for 40 plus weeks and then gets able to give birth to a child. During all these nine months of continues transition the first three months are very important for a few medical conditions like pregnancy induced hypertension

Report on the Strategic Approaches of BNP Paribas

Report on the Strategic Approaches of BNP Paribas The objective of this report is to critically evaluate and analyze the strategic approaches in the operation of a financial institution of our choice. The chosen institution of study is BNP Paribas. This report will include a PESTEL analysis, an evaluation of the Singapore environment examining the political, economical, social-cultural, technological, environmental and legislative aspects of the environment and an application of the theory to BNP Paribas. In addition, we will look at the organizations products, target market, strategies and critical changes, the application of Porters five forces model, and conduct a SWOT analysis looking at the strengths, weaknesses, opportunities and threats presented to the organization. This will be followed by a STP analysis, looking at the segmentation, targeting and positioning of the organization, as well as a financial statements analysis and recommendations for future development strategies for the organization. Introduction of the Company BNP Paribas has been at the forefront of the banking sector with a 10 year history and deep-rooted traditions in innovation banking which has led them to the success they are today. They have earned the title of being Frances premier bank and are known for their strong market positions and robust risk management. They have risen to become a global leader in the provision of financial services and its brand is the companys major asset, ranking 6th most valuable banking brand according to Brand Finances 2010 rankings (Brand Finance, 2010  [i]  ). This ranking is largely due to the Groups financial strength and part due to its success brought about by Michel Pà ©bereau former CEO who led BNP to merger opportunities that transitioned the company (SP, 2010  [ii]  ). With such noted growth and success, the company truly lives up to its motto the bank for a changing world, incessantly evolving and adapting successfully to the ever-changing environment, seizing opportunities that come along with a strong focus on achieving its goals, carefully planning and managing its business activities and ensuring effective cost-cutting measures. Nature of the business BNP Paribas is a universal bank providing a diverse range of banking services predominantly offering and specialising in three core business areas: corporate and investment banking services, investment solutions services and retail banking which includes services for personal finances and equipment solutions. Its financial services are offered to a variety of customers both individuals, corporate businesses and other financial institutions (BNP Paribas, 2010  [iii]  ). Present situation On 23rd July 2010, Fortune Magazine had presented its annual global rankings of Americas largest corporations. Achieving a modest improvement from 2009, BNP Paribas placed 18th in this years rankings and 7th largest Banking Corporation in the banking sector based on revenues and sales (CNN, 2010  [iv]  ). Such positive results achieved by the Group can be attributed to its strong Board of Directors who possesses the skills, leadership, performance and experience required to lead the way into the future. BNP Paribas success also stems from the effectiveness of their diversified and integrated business model and their committed focus on investment strategy and innovation. Mission BNP Paribass mission is to achieve its goal to become the bank for a changing world. In order to achieve this, they plan to provide diversity, creativity and efficiency that generate performance gains and to value differences among people in various countries.  Respecting and promoting differences among employees are major assets when it comes to the bank for a changing world (BNP Paribas, 2010  [v]  ). See Appendix 1 for its core values. Vision BNP Paribas is determined to be a benchmark banking group with focus placed on customer satisfaction and the active pursuit for improvements in its earning capacity. BNP has adopted the motto of bank of the changing world from its core values and it is their core values which motivate and direct them towards their vision (BNP Paribas, 2010). Goals Technological development, globalisation, environmental issues are challenges that face both businesses and individuals today. BNP Paribas is committed to assisting its customers to confront these rapid changing issues. Therefore, the Groups goal is to constantly seek out new sources of progress by developing innovative ideas and initiatives (BNP Paribas, 2010). An Application of PESTEL to Singapores environment BNP Paribas Singapore A PESTEL analysis is essential in every organization as certain factors within the macro-environment will have significant impact on the organization and the decisions it makes. There are various political, economical, social and cultural, technological, environmental and legislative factors that need to be taken into consideration (Kotler, P Armstrong, G, 1999  [vi]  ). Each will be discussed further below in context of Singapore and its impact on BNP Paribas. P- Political The Peoples Action Party (PAP) dominated the political scene since 1959 (Janus Corporate Solutions, 2010  [vii]  ). The partys choices of action, ideas, policy-making and planning proposals are well supported by the community and the integrity and effective leadership demonstrated by the PAP secured economic growth and political stability. With the adoption of a collective leadership style with its corrupt free-government image, Singapores government has maintained a strong sturdy political framework. It is Singapores political stability and corrupt-free environment that banks like BNP Paribas see Singapore as an opportunity to venture into the Asian markets. Their success in Singapore was led by Singapores aim to liberalize the banking sector which they followed in 1999. This move was rewarded as they became one of the pioneering foreign banks. E- Economical  [viii]   The hustle and bustle economic scene of Singapore is part due to its geographical location. Its strategic location which houses an industrious population though it lacks physical resources and has a relatively small domestic market has given the country an economic importance in Southeast Asia. Singapore carried out an economic strategy to overcome its problems and achieved an average of 7.8% growth from 1965 to 2009 (US Bureau of Public Affairs, 2010  [ix]  ). Though its economy has suffered setbacks due to pandemic outbreaks, the economy bounced back each time. See in Appendix 2 on GDP and Government Debts. BNP Paribas must firstly identify the relevant economic factors that would influence their company. Singapores tourism scene is an opportunity to target those tourists needs financially. In addition, economic growth is tied with profits made as such it is another motivating factor to operate in Singapore. S-Social Cultural Social factors are the demographic and cultural aspects of the environment such as age and gender distribution, religion and employability rates, which can impact the demand for a firms products and the availability and motivation/willingness to work. See Appendix 4 on analysis of GDP and employment rates. BNP Paribas has contributed much to the employability in Asia. According to an article in Forbes Magazine titled; BNP Paribas Wealth plans Singapore hiring spree (2010), BNP plans to increase its employees count in Singapore from 300 as of 2008 to 500 employees, while other banks like DBS and Deutsche Bank plans job cuts. This increase in employees is a result of BNPs involvement in the wealth management business and their aim to be the largest most profitable and attractive for its clients and their assets as explained by Serge Forti (BNP Chief Executive for Asia Pacific Wealth Management) (Forbes, 2010  [x]  ). T-Technological Singapore has sophisticated state-of-the-art Telecommunications and Internet facilities which cater to the needs of its users, providing them with high quality communications accessible worldwide. Innovation is a strong differentiating factor in the banking sector. It is a core tenet of the BNP Groups strategy. Innovation will enable them to adapt quickly to the ever-changing environment and to deliver the best quality products and services to its clients. An example of innovation demonstrated by BNP Paribas is in its photovoltaic loan  [1]  (BNP Fortis Bank, 2010  [xi]  ). E- Environment The leading researcher on Global Warming, an American government scientist Hansen (2007) believes that the speed of the natural changes is dwarfed by the changes that humans make to the atmosphere and surface (Hansen 2007)  [xii]  . This scientific evidence has created greater environmental awareness among individuals and businesses. Since then, there has been a growing desire to protect the environment. Singapores Government environment commitment extends to the ecological footprint of business organizations and could accelerate the potential environmental leadership role that transnational corporations can play. The greatest challenge in the climate change action is to make people aware of the consequences of our actions. As such, BNP Paribas has launched programs to raise their awareness of the impacts of Climate Change. L-Legislative According to Singapore Academy of Law (2006)  [xiii]  , there are specific laws that banks are required to abide to. As such BNP Paribas must follow the common laws and principles as stated in relevant Acts passed by Parliament  [xiv]  . The Monetary Authority of Singapore (MAS) who publishes and administers Acts and Subsidiary legislation governs legislation in the financial industry. Changes in legislation can affect a firms cost for adaptation and demand of goods and services. Singapores economic policy is to promote wealth through sustained and stable economic growth, guided by the free market economic system which allows market forces to determine the pattern of trade (ADB, 2010  [xv]  ). In addition, Singapore does not have any sector-specific policies; this freedom within the policies could provide BNP Paribas with an advantageous opportunity to manipulate this area. Financial Analysis A financial analysis uses financial performance indicators to judge the performance of the company. It looks at 5 categories of ratios which are; Profitability, Liquidity, Efficiency, Investor and Financing. The tables below are the summarized results for BNP Paribas from Year 2005 to 2009 (5-year performance analysis); Profitability Ratios Ratios Year 2005 Year 2006 Year 2007 Year 2008 Year 2009 Gross Profit 100% 100% 100% 100% Gross Profit à ¢Ã¢â‚¬Å¡Ã‚ ¬27,648miilion à ¢Ã¢â‚¬Å¡Ã‚ ¬29,823miilion à ¢Ã¢â‚¬Å¡Ã‚ ¬22,105 million à ¢Ã¢â‚¬Å¡Ã‚ ¬31,909 million Revenue/Sales à ¢Ã¢â‚¬Å¡Ã‚ ¬27,648miilion à ¢Ã¢â‚¬Å¡Ã‚ ¬29,823miilion à ¢Ã¢â‚¬Å¡Ã‚ ¬22,105 million à ¢Ã¢â‚¬Å¡Ã‚ ¬31,909 million Net Profit 26% 26% 14% 18% Net Profit à ¢Ã¢â‚¬Å¡Ã‚ ¬7308 million à ¢Ã¢â‚¬Å¡Ã‚ ¬7822million à ¢Ã¢â‚¬Å¡Ã‚ ¬3021million à ¢Ã¢â‚¬Å¡Ã‚ ¬5832million Revenue/Sales à ¢Ã¢â‚¬Å¡Ã‚ ¬27,648 million à ¢Ã¢â‚¬Å¡Ã‚ ¬29,823miilion à ¢Ã¢â‚¬Å¡Ã‚ ¬22,105 million à ¢Ã¢â‚¬Å¡Ã‚ ¬31,909 million Return on Capital Employed (ROCE) 15.8% 5.7% 9.5% Profit before Interest Tax à ¢Ã¢â‚¬Å¡Ã‚ ¬7308 million à ¢Ã¢â‚¬Å¡Ã‚ ¬7822million à ¢Ã¢â‚¬Å¡Ã‚ ¬3021million à ¢Ã¢â‚¬Å¡Ã‚ ¬5832million Average Capital Employed à ¢Ã¢â‚¬Å¡Ã‚ ¬45,065+53,799/2 million à ¢Ã¢â‚¬Å¡Ã‚ ¬53,228+53,799/2 million à ¢Ã¢â‚¬Å¡Ã‚ ¬53,228+69,501/2 million Return on Assets (ROA) 0.51% 0.46% 0.15% 0.28% Net Income à ¢Ã¢â‚¬Å¡Ã‚ ¬7308 million à ¢Ã¢â‚¬Å¡Ã‚ ¬7822million à ¢Ã¢â‚¬Å¡Ã‚ ¬3021million à ¢Ã¢â‚¬Å¡Ã‚ ¬5832million Total Assets à ¢Ã¢â‚¬Å¡Ã‚ ¬1,440,343 million à ¢Ã¢â‚¬Å¡Ã‚ ¬1,694,454 million à ¢Ã¢â‚¬Å¡Ã‚ ¬2,075,551 million à ¢Ã¢â‚¬Å¡Ã‚ ¬2,057,698 million (Source: Created for the purpose of this assignment) The table above shows that for every sales dollar, the same amount will be available to cover its expenses and profits. This is relatively bad for the company if there were any fixed expenses that require payment after the gross profit has been calculated. The return on assets (ROA) tells the efficiency of the company in using its assets to generate profits. The table above shows that ROA has a decreasing trend reaching as low as 0.28%. The net profit is a result of deducting all expenses from gross revenue. In this case, the net profit over the 4 year period has decreased to 18%. Therefore this suggests that the companys widely known success does not match with its actual financial performance. Liquidity Ratios Ratios Year 2005 Year 2006 Year 2007 Year 2008 Year 2009 Current Ratio 87c 73c 81c 53c (Source: Created for the purpose of this assignment) Current ratio gives an indication of the companys ability to pay its short term liabilities and debts with its short term assets. A low ratio below 1 suggests that the company will have trouble paying its debts and liabilities. This shows the companys efficiency in its operating cycle in turning its product into cash is weak. As such, the company is financially unhealthy and they would need to develop strategies to go about providing more financing for the company or they may run into liquidity issues. Efficiency Ratios (Source: Created for the purpose of this assignment) Ratios Year 2005 Year 2006 Year 2007 Year 2008 Year 2009 Debtors Collection Period 276 days 282 days 431 days 313 days Trade Receivables à ¢Ã¢â‚¬Å¡Ã‚ ¬20,919 million à ¢Ã¢â‚¬Å¡Ã‚ ¬23,008 million à ¢Ã¢â‚¬Å¡Ã‚ ¬26,079 million à ¢Ã¢â‚¬Å¡Ã‚ ¬27,379 Revenue/Sales à ¢Ã¢â‚¬Å¡Ã‚ ¬27,648 million à ¢Ã¢â‚¬Å¡Ã‚ ¬29,823miilion à ¢Ã¢â‚¬Å¡Ã‚ ¬22,105 million à ¢Ã¢â‚¬Å¡Ã‚ ¬31,909 million The debtors collection period ratio is an indicator of the period of time taken for money to be collected from debtors. The figures above suggest that the debtors collection is relatively slow, especially in 2008. This could have been caused by the Global Financial Crisis which caused worldwide panic and market fluctuations. By 2009, BNP Paribas was able to reduce its debtors collection period by 313 days. Although this figure is an improvement to 2008, it is still considered to be slow for debt collection. This will have an impact on the liquidity issues faced by the company. If the company can reduce its debtors collection time, it will have the necessary funds to resolve its liquidity issues and raise its current ratio above à ¢Ã¢â‚¬Å¡Ã‚ ¬1 or even à ¢Ã¢â‚¬Å¡Ã‚ ¬2 which suggests the company has more than enough assets to cover its liabilities. Investor Ratios Ratios Year 2005 Year 2006 Year 2007 Year 2008 Year 2009 Earnings per Share (EPS) 6.77 7.81 8.25 5.20 2.99 Dividend Cover 2.68 2.59 2.53 5.36 2 EPS à ¢Ã¢â‚¬Å¡Ã‚ ¬6.77 à ¢Ã¢â‚¬Å¡Ã‚ ¬7.81 à ¢Ã¢â‚¬Å¡Ã‚ ¬8.25 à ¢Ã¢â‚¬Å¡Ã‚ ¬5.20 à ¢Ã¢â‚¬Å¡Ã‚ ¬2.99 Dividend per Ordinary Share 2.53 3.01 3.26 0.97 1.50 Price/Earning Ratio (P/E Ratio) 8.50 9.24 8.12 5.52 18.13 Current Share Price per share à ¢Ã¢â‚¬Å¡Ã‚ ¬57.56 à ¢Ã¢â‚¬Å¡Ã‚ ¬72.13 à ¢Ã¢â‚¬Å¡Ã‚ ¬66.97 à ¢Ã¢â‚¬Å¡Ã‚ ¬28.71 à ¢Ã¢â‚¬Å¡Ã‚ ¬54.20 EPS à ¢Ã¢â‚¬Å¡Ã‚ ¬6.77 à ¢Ã¢â‚¬Å¡Ã‚ ¬7.81 à ¢Ã¢â‚¬Å¡Ã‚ ¬8.25 à ¢Ã¢â‚¬Å¡Ã‚ ¬5.20 à ¢Ã¢â‚¬Å¡Ã‚ ¬2.99 (Source: Created for the purpose of this assignment) The EPS is the core tenet in determining a shares price. It shows the companys ability to generate income which is allocated to each outstanding share of common stock. A positive increase in EPS suggests that the company is finding more ways to earn profits. However, it does not seem to be the case in 2008 and 2009 where EPS fell sharply. There is no stability in the EPS pattern. BNP Paribass dividend cover fell sharply in 2009. However, a low dividend cover may be acceptable if a companys profits are at a stable level, while a company with fluctuating profits indicates dividends are at risk. The difference in the market price and earnings movement will cause the price earning ratio to fluctuate. BNP Paribass P/E ratio in 2009 shows that there is a disconnection between the market price and the profits as such, it has caused the P/E ratio to rise. A low P/E ratio is potentially good for investors as there is a chance for making profits. Financing Ratios Ratios Year 2005 Year 2006 Year 2007 Year 2008 Year 2009 Debt to Equity Ratio 7.83 8.80 11.98 8.29 Total Debt à ¢Ã¢â‚¬Å¡Ã‚ ¬352,918 million à ¢Ã¢â‚¬Å¡Ã‚ ¬473,504 million à ¢Ã¢â‚¬Å¡Ã‚ ¬637,592 million à ¢Ã¢â‚¬Å¡Ã‚ ¬568,130 million Total Equity à ¢Ã¢â‚¬Å¡Ã‚ ¬45,065 million à ¢Ã¢â‚¬Å¡Ã‚ ¬53,799 million à ¢Ã¢â‚¬Å¡Ã‚ ¬53,228 million à ¢Ã¢â‚¬Å¡Ã‚ ¬69,501 million Debt Ratio 0.31 0.28 0.26 0.28 Total Debt à ¢Ã¢â‚¬Å¡Ã‚ ¬352,918 million à ¢Ã¢â‚¬Å¡Ã‚ ¬473,504 million à ¢Ã¢â‚¬Å¡Ã‚ ¬637,592 million à ¢Ã¢â‚¬Å¡Ã‚ ¬568,130 million Total Assets à ¢Ã¢â‚¬Å¡Ã‚ ¬1,440,343 million à ¢Ã¢â‚¬Å¡Ã‚ ¬1,694,454 million à ¢Ã¢â‚¬Å¡Ã‚ ¬2,075,551 million à ¢Ã¢â‚¬Å¡Ã‚ ¬2,057,698 million (Source: Created for the purpose of this assignment) A high debt equity ratio is a result of high debt usage in financing operations. This is particularly true for Year 2008 with a debt/equity ratio of 11.98. However, each year from 2006 show a high debt/equity ratio. This shows BNP could potentially generate more profit without outside financing. If this were to increase earnings by a greater amount than debt cost, then the shareholders of BNP Paribas would benefit from receiving more earnings. However, there are greater costs involved which may outweigh the return the company generates on debt through investment and its operations. BNP Paribass debt ratio from Year 2006 to 2009 is below 1 as such, this indicates that the financial institution has more assets than debt as evident in the Statement of Financial Position. Corporate Social Responsibility (CSR) BNP Paribass corporate social responsibility plays a major role in its environment and forms an integral part of its business ethics and embedded in its core values. They have taken charge of leading companies in implementing environmental friendly practices by signing up to the United Nations Global Compact in 2003 and in its financial sector initiatives, BNP has encouraged companies to include climate change issues in their investment decisions and have brought together companies to promote responsible behaviour by companies within the community. BNP has also signed up for Principles for Responsible Investment (PRI) which provides assistance to companies in incorporating environmental, social, and corporate governance concerns into their mainstream investment decision making practices (BNP Paribas Annual Report, 2009, p.118  [xvi]  ). See Appendix 5 on CSR as a management duty. Porters Five Forces Model Analysis Diagram 3: Porters Five Forces Model Source: Porter, M 2008 Threats of New Entrants (Strong) Singapore is relatively lenient when it comes to foreign businesses operations set up in Singapore since the country has a pro-business environment with rich cultural diversity and stable politics. We can also suggest the threats of new entrants may be strong because financial institutions are becoming universal, providing a diverse range of financial services and not just restricted to banking services. The new entrants are exploring innovative banking as such BNP Paribas adopts innovation as a key driver to outshine its competitors. Bargaining Power of Suppliers (Weak) The power of suppliers in influencing BNP Paribas is considered to be weak. The customers being the depositors do not have control of the interest rates set by the bank or on any internal operations, whereas for corporate clients, the bank still holds a greater power in the offering of services and package deals to its larger clients. The Credit Market provides the source of raw materials and liquid assets which is unmeasurable. Lastly, the Central Bank being MAS is responsible for the issuance of currency, supervision of financial services and stability surveillance and who is of last resort and provider of liquidity in the markets. Therefore, the Central Bank who controls the liquidity in the markets has some power in its influence on BNP Paribas as a whole than in day to day operations (Ackerman, J 2008  [xvii]  ). Bargaining Power of Buyers (Medium) The buyers of BNP Paribass products are the customers themselves; the depositors whom have some power in deciding which bank they would settle for. However, for the corporate clients, it is difficult to determine the differences in the services provided/offered by each bank as there is no specific service offer to each bank. Threats of substitute products or services (Strong) There are a variety of financial services being offered from various banks in Singapore who specialises in different business lines and have various experiences and successes. BNP Paribas Singapore faces greater threats towards its Corporate Investment Banking as well as Asset Management services. However, though various banks offer similar services to them, like its threats from new entrants, innovation is their key to compete with substitute products, to set themselves apart from its competitors (Bernet Partner, 2008  [xviii]  ). Rivalry among existing firms (Strong) There is intense rivalry among the financial industry. BNP Paribas competes with money centre banks, super regional banks and institutional asset management providers and financial planners. In Singapore, there are 113 competitive commercial banks, 49 merchant banks and 3 finance companies and three local banks; DBS, UOB and OCBC , the three largest banks in Southeast Asia (MAS, 2009  [xix]  ). BNP Paribas faces strong competition from in the area of asset management as Singapore is the premier asset management locations in Asia (MICA, 2009). A central location for the provision of risk management, insurance broking and offshore insurance services in which BNP is engaged in. It is BNPs innovative strategic plans and its prime financial attention to serving customers needs which sets them apart from its competitors.

Founder Of Samsung Electronics Commerce Essay

Samsung was named by Lee Byung-chul, laminitis of Samsung Electronics when he established the Samsung Trading Company on March, 1938. Sam in Samsung is defined as strong, abundant and large ; while â€Å" Sung † means high and bright. ( Chnag, J. H. , 2010 ) Interestingly, Samsung ‘s beginning was non affecting electronics. Initially, Chairman Lee set up a trade export company in Korea that sold fish, veggies, and fruit to China. Start from 1958, Samsung began to spread out into other industries such as media, fiscal, ship edifice and chemicals and Samsung Electronics was established under subordinate of Samsung Group in 1969. ( â€Å" Samsung History † ) The company so expanded to semiconductor concern and became the first chip-making installations in the state during that clip. Samsung Electronics focused on four countries which are digital media, semiconducting material, telecommunication web and LCD digital contraptions. ( â€Å" Wikipedia † , 2012 ) In 1993, the â€Å" lightest † nomadic phone of its epoch was developed. ( â€Å" Samsung History † ) Finally, it surpassed Sony to go universe ‘s twentieth-largest and most popular trade name. Samsung was the universe ‘s largest maker of OLEDs with 40 % market portion universes broad and 90 % portion of planetary AMOLED market. More than 600 American patents and 2800 international patent are owned by Samsung Electronics in 2006 that makes it as the largest proprietor of AMOLED engineering patents. The company besides became the second-largest mobile-phone shaper crushing Motorola in 2007 for the first clip. In 2009, it became universe ‘s largest engineering company catching Hewlett-Packard step by gross revenues. In 2010, it produces 30 nm-class DRAMs and 20 nm-class NAND flashes which were the first clip in the universe. At 2011, it is the universe ‘s largest Mobile phone shaper and second-largest semiconducting material bit shaper. Samsung Elec tronics became the largest smartphone seller due to gross revenues of Galaxy SII and Galaxy Note devices. ( â€Å" Wikipedia † , 2012 ) Contentss: Mechanistic organisation is a bureaucratic organisation which adheres to the chain-of-command rule, with each individual controlled and supervised by one higher-up. The construction of this organisation is taller than organic organisation. Besides, many regulations are developed and the determination devising procedure is centralized. Each employee has fixed responsibilities and the communicating channels are formalized in such stiff hierarchal relationship. Samsung Electronics is a type of mechanistic organisational construction because it has stiff hierarchal relationships. Figure 1: ( Chang, S. J. , 2008 ) Figure 2: ( Chang, S. J. , 2008 ) Figure 1 and figure 2 show the concatenation of bid in the company, which widening from upper organisational degrees to take down degree that clarifies who reports to whom. Figure 2 shows that there are tonss of sections under the control of Chief Executive Office. Employees have their fixed responsibilities in several section. For case, employees who are specialized in bring forthing french friess are working under french friess maker whereas employees who are extremely skilled in bring forthing nomadic phones are working under nomadic phone maker. ( Robbins, DeCenzo, and Coulter, 2012 ) These two figures besides clearly show that Samsung Electronics is composed of tall organisational construction. All of the powerful governments are held by the top direction of the company which is Lee Kun Hee, the president of the Samsung Electronics with the aid of the Office of Secretaries and sometimes referred to as â€Å" emperor direction † or â€Å" absolutism † . ( Chang, S. J. , 2008 ) Office of Secretaries helped president to command and direct the single affiliates. Their chief map are finance and accounting, scrutinizing, planning, public dealingss, and human resource direction, including the hiring and fire of all executives within the organisation. Even the of import strategic determination and ample investing determination have to be examined by the office foremost. The per centum of determination made by the president is 20 % ; by Office of Secretaries is 40 % ; by affiliate presidents is 40 % . ( Chang, S. J. , 2008 ) In other word, all of the of import determinations are decided by the president, Office of Secretaries and affiliate presidents. As such, Samsung Electronics implement centralized determination authorization. The communicating channel of Samsung Electronics is formalized. Formalization describes how an organisation ‘s occupations are standardized and the extent to which employee behaviour is guided by regulations and processs. This component makes the procedure of sequence modus operandi and regular. Therefore, there will be minimum perturbation to an organisation map if there are people being replaced. In Samsung, the forces map is under CFO while CFO studies to and receives orders from CEO. ( Chang, S. J. , 2008 ) For case, when the company needs to do an investing, the proposal is written by the related concern unit. Then, the proposal is reviewed by the finance section, which is so passed to finance squad of Office of Secretaries after CFO reports the proposal to CEO. Finally, the proposal is approved by Office of Secretaries and Chairman. ( Chang, S. J. , 2008 ) Many regulations could be found in Samsung Electronics and this lucifer with the feature of mechanistic organisation. Harmonizing to Samsung Electronics Global Code of Conduct, all the employees should follow the codifications and the concern rules to follow with Torahs and ethical patterns every bit good as to show their committedness to societal duty. ( Samsung Electronics Co. , Ltd. [ SECL ] , 2006 ) The planetary codification of behavior is served as behavioural guidelines and judgmental criterions for the employees, which encompass the riddance of nationality or gender favoritism, crystalline revelation of concern information, client information protection and spouse coaction. For illustration, harmonizing to principle 2-2-2 from the Global Code of Conduct, the company will guarantee that any proprietary information acquired through its concern activities shall be recorded and safely kept and managed as rational belongings. In 2011, zero-tolerance rule was declared in all instan ces of misconduct and unethical concern on â€Å" Law Day † . All employees and executives have to subscribe a pledge of conformity to hold of taking duty for any misdemeanor or misconduct. ( Soung, S. S. , Eui, H. J. , Dae, S. P. , Jin, Y. L. & A ; Yun, J. S. , 2012 ) Planning: Planing includes specifying ends, set uping scheme, and developing programs to organize activities. In Samsung, their vision is set by the top direction that is â€Å" Inspire the universe, create the hereafter † . This vision 2020 shows that their committedness in animating the universe by bettering their three key strengths which are â€Å" New Technology † , â€Å" Advanced Products † , â€Å" Creative Solutions † and besides promotes Samsung Electronics ‘ nucleus web which are industry, spouses and employees with the attempt to lend a better universe and with batch of experiences for all. Besides, Samsung besides aims to accomplish one of the top five trade names in the universe by 2020 and established three strategic attacks in direction which are creativeness, partnership and endowment. ( â€Å" Vision † , 1995-2012 ) ( â€Å" Vision † , 1995-2012 ) Leading: Leading includes actuating employees, directing the activities of others, choosing the most effectual communicating channel, and deciding struggles. Office of Secretaries takes the taking function in Samsung as they carry out coordination whenever there are struggles happen. ( Chnag, J. H. , 2010 ) However, the synergisms may be created via nonvoluntary cooperation or decree as the concern units have to accept its declaration. ( Chang, S. J. , 2008 ) Besides, the Secretarial Offices spread company doctrine and better concern coordination and information, which are shared among affiliates. ( Chnag, J. H. , 2010 ) The employees of this company are motivated by the doctrine of life by strong values is the key to good concern. Those values encompass people, excellence, alteration, unity and co-prosperity, together with the Samsung codification of behavior are the extremist for them to do every determination. ( â€Å" About Samsung † , 1995-2012 ) Organizing: Forming includes finding what undertakings are to be done, who is to make them, how the undertakings are to be grouped, who reports to whom, and who will do the determinations. Samsung Electronics has a strong concern division construction that is managed independently by concern unit directors. The company is divided into five sectors, which are Digital Media, Semiconductors, Telecommunications, Digital Appliances and LCDs. Within these sectors, there are 13 Global Business Managers ( GBM ) who responsible to form the house along major merchandise divisions in footings of forces, gross revenues, and production within their several divisions. ( Chang, S. J. , 2008 ) Employees are divided harmonizing to their specialize and accomplishments into different undertakings to increase work end product. ( Robbins et al. , 2012 ) Any proposal of investing that is written by GBM should be reviewed by the finance section, followed by CFO. Then, CFO reports to CEO. Finally, the proposal is appro ved by Office of Secretaries and Chairman. ( Chang, S. J. , 2008 ) Controlling: Controling includes monitoring public presentation, comparing it with ends, and rectifying any important divergences. In Samsung, the overall public presentations of BOD, CEO and employees are controlled by Audit Committee, which has a wide scope of audit right from top to bottom. ( â€Å" Ethical motives Management † , 1995-2008 ) For illustration, they have the right to ask about fiscal studies from the BOD and employees at any clip, the right to claim to suspend illegal activity of the company BOD member, the right to name a general stockholders ‘ meeting and so on. There are besides separate audit squads that under the direct control of CEO with the responsible of promoting employees to adhere to the pattern of direction by moralss. ( â€Å" Ethical motives Management † , 1995-2008 ) A ) What seem to be the most of import things taking to the success of the Samsung Electronicss? To be successful, Samsung Electronics is traveling planetary. Samsung Electronics is forcing the Galaxy S smartphone to dispute Apple Inc. ‘s iPhone and contract the spread with leader Nokia Oyj. It helped Samsung Electronics quadruplicate one-year gross to139 trillion won ( $ 116 million ) in the 10 old ages that ended in 2009. Samsung Electronics portions rose 10-fold during that clip. ( Lee, Y. , 2010 ) Besides, Samsung Electronics has the good planning accomplishments as they able to see the concern chance in the industry and set the peculiar ends to prosecute. They able to descry the countries, which are little but turning fast. ( â€Å" Samsung † , 2011 ) Such countries that spotted by Samsung are capital-intensive. Therefore, it is hard for their challengers to maintain up. First, Samsung will tippytoe into the engineering in the industry to acquire familiar with it. Then, they will wait for the suited minute that the ‘window of chance ‘ clears. For illustration, in 2001, Samsung catch the chance of rapid growing of the liquid-crystal shows that cause the honkytonk of the monetary value. They turned the liquid-crystal shows into telecastings. ( â€Å" Samsung † , 2011 ) Samsung Electronics is advanced in package and David Yoffie, a professor at Havard Business School in Boston said â€Å" Leading extremist invention in the engineering universe today requires strength in package, non merely hardware. † ( Lee, Y. , 2010 ) . Samsung Electronics has grown by analyzing their challengers to better fabrication and design. Samsung electronics besides hired a group of Nipponese Design Consultant to measure Samsung interior decorators. Besides, their experient interior decorators are sent to work abroad in diverse industries. By making this, Samsung design scheme could affect several enterprises and they began to implement a planetary trade name communicating scheme. As new engineerings are being invariably introduced to the market, Samsung engineers strive to understand what clients need in front of rivals and adjust their thought to develop original and advanced merchandises that will run into those demands every bit good as new engineerings to take the future market. Therefore, the new markets had pioneered continuously by them. ( Samsung Electronicss: Success By Design, 2008 ) B ) What do you see as the major challenges confronting by Samsung Electronics over the following five old ages? The major challenge that will be faced by Samsung Electronics over the following five old ages is how to construct a stronger and better planetary trade name. This is why the Samsung ‘s planetary selling manager need to measure in how to construct the planetary trade name repute of the company farther and upgrade the company ‘s worldwide trade name image to vie with Apple trade name which has dominated the market portion particularly in Western Europe. The challenge of Samsung ‘s selling manager is the branding schemes in planetary markets and the selling squad has to analyze the organisational kineticss to develop a stronger planetary trade name that recognized by worldwide. Another challenge that will be faced by Samsung Electronics is the competition over the market portion particularly in smart phone. In this fast paced economic conditions, Samsung need to go on bring forth more and more of the smart phone with improved version and attractive design to run into with the rapid economic growing. The company needs to put and present more of the new engineering and integrate the package and application into the new appliances so that it will non lose out to another rival. Invention and creativeness are of import in this to pull the appliance lover and if the company fails to come out with a new and appealing merchandise, they will be overcome by another rival such as Apple, HTC or Nokia. Findingss: Samsung electronics have a centralised construction doing the top direction own the governments and powers over all the of import determinations. This make the determination doing procedure fast and fleet and can transport out rapidly. In this manner, organisation is more efficient as execution of any programs, thoughts or policies can be carried out rapidly without any hold and this is really of import particularly to cover with the fast paced economic and competition in market. This is supported by a survey in diary by Choong Y.Lee. ( Choong, Y. L. , 2012 ) However, overly centralisation in organisation is besides non good for the company. All of the of import determinations are made by the top direction while the center and first line direction can non voice out their sentiments but to follow the order of the top. If the determination made by the top direction is wrong, it can impact the company concern and therefore take downing the company net incomes. Therefore, a good leading is of import to take the company. This is supported by the professor Chang Sea-Jin which stated there is no warrant that good leader will prolong and even they can do error as good in his book reappraisal. ( Chang, S. J. , 2008 ) Samsung Electronicss are holding hierarchal direction construction which reflects the importance of senior status in the Korean civilization. The hierarchal construction brings synergism when things are traveling good but could potentially be black if one portion of the procedure goes off from planned. ( Kim, J.C. , 2012 ) This is supported by Professor John Kotter in his article â€Å" Havard Business Review † that hierarchal organizational are frequently inflexible. Hierarchical organisation work in standardised procedures but does non utile in dynamic environments. They are slow to respond to new chances, which frequently require transformative alteration. ( Basu, C. , 2012 ) Besides, harmonizing to research workers G.M. Stalker and T. Burns, mechanistic organisations use hierarchal top-down constructions while organic organisations use more flexible constructions and work best in fluid and unpredictable concern climates.A Organic structures depend on personal interactions instead than a formal concatenation of bid that allow the organisation to react rapidly and efficaciously to altering fortunes in ways that the hierarchal construction can non. Samsung Electronics should do it concern to understand such construction so that it can hold the benefits of both. ( Thompson, S. , 2012 ) Samsung Electronics has many regulations and ordinances that are governed by the top directors of the organisation. When the top directors are unable to command the lower-level activities, they themselves will replace the regulations and ordinances. Since they have the authorization to engage and fire the executives and employees in the organisation anytime, the employees have to accept the undertakings given by the directors and follow whatever they said. Employees are invariably observed and monitored by top directors during their on the job period to guarantee that they are non doing any errors or go againsting the regulations. Consequently, weariness are accumulated when employees are working under such great force per unit areas that known as organisational weariness. Furthermore, employees of Samsung Electronicss have to follow the Global Code of Conduct, which consists of a figure of rules. ( SECL, 2006 ) For case, under rule 1-4-1, it stated that 'employees shall non impute their personal political sentiments and behavior to the company, or do such sentiments or behavior to be attributed to the company ‘ . Besides, rule 2-4-3 showed that ‘the company will non let its officers and employees, while in office, to move as figure of boards of company with struggles of involvement or take part in competitory concern activities. ‘ ( SECL, 2006 ) There are still a big sum of regulations and rules that the employees should follow with and that can be referred from the Global Code of Conduct, 2006. The direction of Samsung Electronics is known as ‘fear-based direction ‘ . The employees have to be loyal to their company in order to remain in the company. However, organisational weariness will convey negative effects to the company. If the employees or executives are dismissed against their volitions for any grounds by the top directors such as the president or the Office of Secretaries, their choler will take to their treachery and loss their trueness. ( Chang, S. J. , 2008 ) There were several instances on which the employees of Samsung Electronics tried to sell the proprietary engineerings to Samsung ‘s rivals and to other companies. ( Chang, S. J. , 2008 ) Decision: In a nutshell, Samsung Electronics has a mechanistic organisational construction as it has stiff hierarchal relationships and tall organisational construction. In the company, each employee has fixed responsibilities and they have to follow tonss of regulations. Besides, the determination devising procedure is centralized and the communicating channel is formalized. In Samsung, the ends or visions are planned by the top direction. Office of Secretaries takes the taking function as they responsible to work out the struggles every bit good as aid the president to command and direct the single affiliates. Besides, they besides spread the company doctrine to actuate the employees. Samsung Electronics is divided into Digital Media, Semiconductors, Telecommunications, Digital Appliances and LCDs, which are managed by concern unit directors. The overall public presentations of Samsung Electronics organisation are controlled by Audit Committee. In this assignment, we have learned the features of the two types of organisational constructions, which are mechanistic organisation and organic organisation that concern the work specialisation, departmentalization, authorization and responsible, centralisation and decentalisation, span of control and formalisation. After analysing these factors and seeking all the related information of Samsung Electronics, we could reason that this company is a mechanistic organisation. Therefore, our analysing ability could be strengthen when carry out this assignment. Besides, we have a better apprehension to acknowledge and distinguish these two organisation theoretical accounts. Furthermore, more cognition about this company could be gained during the research.