Business Environment and Strategic Managment Essay

Business Environment and Strategic Managment - Essay Example In reality, after the finish of the establishment procedure, the business methodology should be intermittently observed as of its exhibition (Harrison 2012). Along these lines, shortcomings and disappointments can be distinguished early with the goal that significant dangers as to all business activities are dodged. As indicated by Herzog (2010) the vital administration procedure can be additionally finished in only three stages: â€Å"a) circumstance appraisal, b) system improvement and c) technique implementation† (Herzog 2010, p.17). The advancement of the periods of key administration process, as portrayed above, depends on a progression of apparatuses, otherwise called key instruments. The key job of these devices is to guarantee that the dynamic procedure is sufficiently upheld (Herzog 2010). Sure of these apparatuses are very well known. Reference can be made, for instance, to SWOT examination, PEST investigation, Porter’s Five Forces, Benchmarking, Forecasting a nd Financial Ratios (Herzog 2010). Every association picks the key instruments that most react to its needs contemplating the current assets and the dangers in question, both in the short and the long haul (Hitt, Ireland and Hoskisson 2010). Likewise, the kind of industry where each firm works is relied upon to impact the firm’s key administration process, which means additionally the vital administration instruments that will be utilized for accomplishing the business goals ((Daft, Kendrick and Vershinina 2010). The plan of action is another significant basis considered by key chiefs when picking the key apparatuses utilized in the accomplishment of business objectives ((Daft, Kendrick and Vershinina 2010). Qatar Petroleum (QP) is the most impressive rival in Qatar’s oil and gas division; the organization... This paper supports that the key administration process consolidates a progression of stages, meaning to assist organizations with keeping their incentive at elevated level. As per the writing, four are the most widely recognized periods of vital administration process: at a first level, the â€Å"vision and crucial the association are reviewed† at that point, â€Å"the inner and outer authoritative condition should be analyzed† utilizing the data recovered through the exploration and the examination created in the past two stages, the key supervisor continues to the distinguishing proof of methodology that is generally proper for supporting business objectives, the â€Å"implementation of the picked strategy† can be finished; at this level, the vital administration procedure ought not be considered as ended. Without a doubt, after the fruition of the establishment procedure, the business system should be occasionally observed as of its exhibition. This exposition reaches the resolution that vital administration devices can be utilized in both arranging and assessment of a company’s technique or heading. As indicated by Henry Mintzberg’s methodology can be characterized as â€Å"a design in a flood of decisions†; in view of the above definition it tends to be guaranteed that key devices can be adequately utilized for the assessment of the presentation and the key targets of an association. The particular way to deal with vital administration has been utilized so as to investigate and assess the business technique of Qatar Petroleum. Three generally utilized key apparatuses have been utilized: SWOT, PEST and benchmarking investigations.

The Importance of Crime Scene Investigation Free Essays

Wrongdoing scene examination is frequently a difficult and troublesome profession for even the most experienced law implementation specialist. There are a few wrongdoings that are more hard to deal with profoundly and genuinely than others. Violations against kids and the old are frequently generally hard to pardon and generally hard for wrongdoing scene specialists to process mentally (Swanson, Chamelin Territo, 1999: 313). We will compose a custom exposition test on The Importance of Crime Scene Investigation or then again any comparative subject just for you Request Now Such examinations frequently bring about gigantic mental weight with time (O’Hara, 2003: 178). Murder in by and large is regularly hard to recuperate from inwardly, and frequently requires the examiner become profoundly associated with the legal sciences model or internal activities of the brain of the criminal to help explain a case (O’Hara, 2003). This can bring about expanding mental worry with time. This paper will survey an ongoing criminal examination of manslaughter to two small kids and the mental and enthusiastic impacts the wrongdoing had on the group of the people in question and the criminal agent. For this situation the analyst tests into how a wrongdoing scene examination can bring about noteworthy passionate, otherworldly and at times physical injury to both the casualties family and the wrongdoing scene specialist. Here the wrongdoing scene shows how genuinely helpless wrongdoing scene examiners are, much like wrongdoing casualties as a rule. In this specific case two youngsters were killed by their mom who experienced extreme PPD or post birth anxiety. The occasion happened in the night and was not uncovered until 24 hours after the fact when the dad came back from a late night work move and morning gorge. The wrongdoing was accounted for to specialists promptly upon revelation. For this situation the two young men, twins, had all the earmarks of being choked by the mother while dozing one night. The wrongdoing scene was not excessively brutal. The casualties home seemed unkempt in any case, with rubbish accumulating in the kitchen and littering different rooms of the house. The youngsters were wearing unclean attire and the house looked as if it had not been cleaned or gone to in a while. Strolling into the family region there was a recognizable absence of children’s toys. There were different containers of alcoholic substances and other gear recommending either of the guardians experienced substance misuse issues. This wrongdoing had an especially wrecking impact on me, as I could envision what it would resemble if my family had endured a comparable wrongdoing, if my siblings or sisters had been killed by a relative. Murder is never a simple wrongdoing to adapt to. For this situation various law requirement specialists that were additionally present at the wrongdoing scene made some troublesome memories adapting to the lamentable loss of two one of a kind and blameless lives. Not helping the reality were relatives that were available moaning and shouting out with respect to the treacheries of the world. Every one of the relatives present was accusing oneself for the wrongdoing, having perceived the potential for calamity at an early stage however making no move to forestall it. The dad for this situation once found and grandparents showed up recognizably upset. The grandparents were especially vexed, censuring themselves for the episode. The dad appeared to waffle between mistrust, stun and dread. The dad plainly endured a type of substance misuse issue and purportedly was grinding away when the killings happened (he works a night move). Profoundly I wound up addressing how this could happen to two honest youngsters. The kids were not over a year old. Both were small and guiltless casualties and for minutes I considered these guardians contemptible of such endowments. Genuinely I thought about what such a disaster may never really possess family, perhaps devastating my inspiration for living. There is some sign that the dad for this situation may be put on self destruction watch, experiencing mentally these passings and the demise of his better half (who it appears from the examination took a deadly portion of solution pills in the wake of choking out the kids). The individual lost his life accomplice yet additionally his youngsters. This wrongdoing is not the slightest bit reasonable and uncovers exactly how unfeeling the world can now and again be to even the most honest of casualties. Indeed, even in situations where proof exists that the culprit of a wrongdoing was not of sound brain or soul, there is little support in instances of manslaughter. There are much of the time clarifications for individual’s conduct, as might be the situation in this specific example. The wrongdoing scene examination here recommends that there is proof to help the possibility that the mother for this situation was not mentally fit for child rearing at the time being referred to. There is additionally proof to recommend she did not have the help important to adapt to a troublesome circumstance. That doesn't pardon her activities nor her substance misuse conduct, however helps clarify how a wrongdoing like this could have occurred. On the off chance that I were in this specific case I would have guaranteed early clinical mediation and expanded familial help to forestall the extreme sorrow that resulted and constrained the mother to execute herself and her kids. Plainly she was likewise enduring genuinely and truly, and didn't feel she had the assets or bolster important to look for help and take care of her concern without turning to exceptional measures. It is conceivable she experienced a type of psychosis. For this situation other relatives ought to have stepped in to encourage before intercession and keep this loathsome wrongdoing from happening. Wrongdoing scene examinations are frequently hard for wrongdoing scene specialists to deal with sincerely and mentally. While the activity appears to be direct from the outset, with time wrongdoing scene examiners come to acknowledge how troublesome dealing with the mental, otherworldly and enthusiastic parts of the activity are. Of specific test are murder examinations. It is imperative when taking care of such cases that the agent separate himself from the examination so the individual doesn't relate what is happening in the examination with any close to home circumstances or conditions. This can worsen the pressure experienced by a wrongdoing scene examiner. Luckily there are various help instrument set up that can help wrongdoing scene examiners adapt to the overwhelming and attempting scenes they experience from everyday. It is significant that these assets be made promptly accessible in the situations where wrongdoing scene examinations include vicious crime. While familial help is empowering and accommodating, support among peers and even advisors might be justified to help wrongdoing scene agents manage the everyday. Stress the executives and other unwinding initiating strategies likewise may help reduce a portion of the weight wrongdoing scene examiners face when taking care of troublesome or vicious cases. Step by step instructions to refer to The Importance of Crime Scene Investigation, Essay models

Crocs Company Essay

I have picked crocs organization to make the report that required in my first evaluation. I pick this organization since I am intrigued to make examination about this organization. As I would like to think this organization is one of a kind. In light of (Wikipedia crocs), Crocs, Inc. is a shoe producer established by 3 companions †Scott Seamans, Lyndon â€Å"Duke† Hanson, and George Boedecker, Jr. They deliver and disseminate a froth obstruct configuration gained from a Quebec organization called Foam Creations. The shoe had initially been created as a spa shoe. The main model delivered by Crocs â€Å"The Beach† was uncovered in 2002 at the Ft. Lauderdale Boat Show in Florida, and sold out the 200 sets delivered around then. After an extraordinary achievement selling the 200 sets of Crocs â€Å"the Beach† spa shoe, George understand the potential and attempt to go past the 200 sets. Each pair of Crocs Shoes is from a material called Crosliteâ„ ¢. Croslite is a produced using the company’s PCCR (Proprietary Closed-Cell Resin). It isn't plastic nor elastic and it is a shut cell in nature and against microbial (kills that foot scent). The unique Patented Closed Cell Resin (PCCR) warms and relax with your body warmth and molds to your feet. The Crocs European styling of the orthotic impact point, worked in curve backing, and tarsal bar position your feet for extreme foot solace and wellbeing. Disapprove of Painful Shoes and Hallo crocs Crocs, Inc, a world head in creative easygoing footwear for men, ladies and youngsters, commended its tenth commemoration in 2012. Crocs offer a few unmistakable shoe assortments with in excess of 300 four-season footwear styles. All Crocsâ„ ¢ shoes include Crosliteâ„ ¢ material, a restrictive, progressive innovation that gives each pair of shoes the delicate, agreeable, lightweight and smell safe characteristics that Crocs fans know and love. Crocs fans â€Å"Get Crocs Inside† each pair of shoes, from the notorious stop up to new tennis shoes, shoes, boots and heels. Since its beginning in 2002, Crocs has sold in excess of 200 million sets of shoes in excess of 90 nations around the globe. The brand commended coming to $1 billion in yearly deals in 2011. Advertising Concept have 4 components that quickly clarify what the promoting idea is; Customers Orientation, Competitor Orientation, Inter-useful Coordination and Profit Orientation. In Crocs Inc. Advertising idea is actualized to enable the association to recognize and give the client need and need while likewise attempting to accomplish their hierarchical objectives. I will clarify progressively about the promoting idea that have been applied by Crocs Company. Client Orientation This Customer Orientation is generally about how the association comprehends their center clients, their objective purchasers and their buyers in the businesses. This individuals have an incredible impact to them in making the perfect item to the ideal esteemed. In view of the Crocs statement of purpose â€Å"Bring significant solace, fun and advancement to the world’s feet â€Å". Crocs do their examination what client need and need. They esteem their client toward solace, fun and advancement footwear. They treat their client so much better that they make their shoes as indicated by what client need in their feet. Crocs have made research and gather different kinds of data that may assist them with satisfying their client needs. That why Crocs have caused different kinds of shoes that to take into account all their customer’s need. The Croslite material that make it conceivable. Crocs characterized Croslite as Ergonomic, lightweight, agreeable and scent safe. Who at any point felt that having a terrible shoe can cause our feet to feel completely unwind? All things considered, Crocs did and it was a triumph. Crocs shoes don't just give total solace like different shoes or slick appearance yet it gave more. No more foot smell, not any more throbbing feet, not any more overwhelming shoes and make proper acquaintance with better Healthy Shoes. (crocs, 2013) Crocs have propelled an ad called â€Å"Feel The Love by Crocs†. In the TV plug for Crocs footwear, the entertainer wearing dark high-impact point shoes enters a high rise and with tired ascensions a stairway. At the point when she opens the entryway, two little red enlivened characters dependent on the Crocs unique stop up model, with squat arms and legs and blinkingâ ventilation openings speaking to eyes, rush toward her like young doggies. The characters stick to her lower legs and afterward, as she sits on the sofa to peruse her mail, they take off her shoes, knead her feet, and afterward slip another style of Crocs pads onto her feet. â€Å"Meet Croslite,† says a voice over close to the end and in conclusion says â€Å"the faithful, cherishing, bravo innovation, in each pair of Crocs.† It was an incredible TV plug that shows how Crocs comprehend their center client, purchasers and consumer’s needs and needs. Crocs realizes that the vast majority of us will have a tiring day and it is an issue to stroll back home with an awkward shoes. The promotion needed to convey that Crocs is the perfect footwear to wear whenever anyplace. Other than that, another case of Crocs is Customer direction is building up a shoe called † Crocs Prepair Flip† that attention on Athletic like sprinters and cyclists, and so forth. The flip-flop upgrade recuperation after athletic movement consequently assist lower with muscling efforts can give an improved chance to blood stream and weariness alleviation, making more prominent recuperation potential after a hard lively exercises. This doesn’t center around the games yet to the clients that like to do sports. This shows as opposed to they center around general client need them additionally explicit to certain gathering of client needs. Like in this Crocs Prepair case, they center around the dynamic sprinters, cyclist or different kinds of sports that may causes some of feet harm like weariness or muscle efforts. Crocs have demonstrated that they are Customer Orientation association. (crocs, 2013) Contender direction Contender Orientation implies an association that take a gander at how its rivals can fulfill their purchasers, client or customers. The association should gather data about their rival methodology and in a similar time making their rivals as their benchmark for either present moment or long haul advertising technique. Crocs significant contender is Decker’s, NIKE and Timberland. This significant footwear brands have been around for a long time contrasted with Crocs that is consider as a â€Å"baby† in this Industries. Be that as it may, to contrast the achievement of crocs with them is really same. What makeâ these other contender not the same as Crocs is they have the experience and notable to the world. Crocs have gathered some data of their rival. In light of an article found from the web called The Strategic Move of Crocs, Inc, 2009, Crocs have distinguished their rivals and what their rivals are doing in the ventures. Crocs additionally understand that the worldwide easygoing footwear and clothing is a profoundly serious industry. Each contender is rivalry with each other’s. In relating Crocs with its Competitor, I will utilize Nike to make correlations with crocs. (HOOVERS) Notable Brand Name Nike started in the 1971 offered its practical running shoes to the running set, however then immediately extended its contributions to remember all competitors for essentially every game. The shoes were redone to deal with the rigors of the individual game. Nike additionally extended its line to be in vogue and cool to wear in any event, when its wearers weren’t perspiring. Think about Crocs and NIKE, NIKE has been in the worldwide easygoing footwear and clothing industry since 1964. It isn't unexpected if Crocs has far to proceed to confront numerous issues before they are comparable to the notable enormous organizations around the globe like Nike. Be that as it may, the potential is excellent as Crocs is show up as class predominant shoes. Indeed, even both are diverse in age yet the two brands are similarly notable to the clients. Who on the planet doesn't know Nike or Crocs? Both have cut a name their image name in the brain of the clients when they consider shoes. (NIKE,Inc) Between practical coordination Between Functional Coordination implies the individuals in the authoritative that help in building up a showcasing plan to accomplish the hierarchical objectives and fulfill the client need and needs. The participation inside the person in the association has an impact in this Marketing idea. In 2007, Crocs securing a Designer/producer of shoes for sea shore/activity sports called Ocean Minded. In the procurement, Ocean Minded is presented by Crocsâ and helping Ocean Mind to support up their item. Sea Minded statement of purpose is; To turn into the worldwide pioneer in supportable way of life footwear, attire and adornments while guaranteeing that the four mainstays of the Ocean Minded brand †Quality, Authenticity, Responsibility and Community †reverberate all through our organization, items, partners and activities. This brand encourages Crocs to support up their social duties toward their workers, their association, the client, nature and to the world. Crocs, Inc. what's more, its organizers keep on carrying on with the Ocean Minded way of life by effectively driving sea shore clean-ups, and supporting and teaching clients on the significance of leaving the sea and all conduits in preferable condition over when they were found. Along these lines this shows Crocs is Inter-utilitarian coordination as well as a mindful association that needed to help another brand that sole reason to keep the world a superior spot. (crocs, 2013) Benefit direction Benefit direction Benefit Orientation implies a term used to portray a business that works under the essential goal of bringing in cash. Albeit most business undertakings have some type of benefit direction to persuade representatives to boost incomes, the best makers additionally fuse a client direction into their corporate ph

Concepts of the Development of a Child - 2200 Words

Concepts of the Development of a Child (Research Paper Sample) Content: Name:Approved Topic:Unit Name:Unit Code:Due Date:The following are the discussions of the concepts of the development of a child especially a school child considering the problems they meet during their development and how different parents can contribute to the unique characters of their children.1. Discussion on the concept of resilience and identification of the variables that influence the impact of stresses on school-age children.Resilience is the ability of an individual to withstand and adapt to the threats and challenges facing them as a result of theirinteraction with others and the environment. It shows how someone can overcome a challenging task of decision making under a condition of dilemma, thereby emerging as a hero against apressure that was exerted upon them before they came up with the amicable solution to the challenge (Woods et al, 2005). Individuals having this condition are usually keen decision makers and have the ability to take a secure positi on in cases that seem challenging to handle, for instance the ability to cope up with regulations that are very strict in an organization like working for long hours in a bank repeatedly or studying even when one is hungry. Those who are resilient can cope well even with situations that appear unbearable.The variables that influence the impacts of stresses on school age children areInternal and external in nature and depend on the source of the stimulant of the stress to the school child which determines the impact of the stress to the child as either being; low, medium or high level stress leading to mild or severe depression to the school child.Internal variables are the factors generated within the school childà ¢Ã¢â€š ¬s personal perception of others and the environment making them be stressed up or not as discussed;Love,this can make the child feel unhappy and stressed especially if they are missing people they love like their mother, sister or father .Hunger, when they are h ungry they appear gloomy and feel stressed naturally at different levels depending on their resilient abilities .Anxiety, children who are naturally more aggressive appear more stressed up when challenged by situations than those who are not much aggressive. Social nature of the child, children who are introverts tend to be more stressed than the extroverts when faced with a challenge (Woods et al, 2005).External variablesare factors from the environment that dictates the level of stress upon a school-child and are as follows; Influence of peers, the activities of their fellows toward them like discrimination on basis of education level and ability can lead toa feeling of loneliness makingthem lack social identity thereby appearing stressed up.Newhome, adapting to the new environment may be challenging to a child considering the lost ties withtheir previous playmates leading to a condition of stress on a school-child .Child labour, engaging a child in activities that are inconsisten ce with their ability and skills can make them be stressed up as they may not be enjoying such duties.2. The following are the three family functions thatspecifically relate to love and encouragement needs of school-age children with discussion of what is involved in each of them.Resource provisions: This involves the commitment to meet the requirements of basic needs like food, clothingand shelter, which are necessary for the school child to stay happy and feel protected thus deterring them from being gloomy and stressed in life .The provision of luxurious resources like holiday tours to a child can make them feel encouraged and face life challenges with a lot of optimism thus making them jovial and enlightened about the situations of their explorations that some of their peers are not aware of. This makes them very skillful in observation necessary for their learning processes in class.Nurturing and supporting:This may involve the attempt of restoring the peace of mind of a child when they are going to school and when they arrive home from school thus giving them motivation to continue and love the school environment after observing that even their parents are supporting their learning activities in school .They should be provided with necessities like fee payment and adequate upkeep finances to enable them fell protected and loved hence get motivated to study(Epstein and Miller.1993).Life skills development: This involves the parents proposing a decision to their children on matters that require experiences in life, thus expanding their understanding of the real world hence face their challenges with adequate and informed decisions necessary for proper judgment. In choosing the career path of their child the parents should study and understand their child hence assist them in choosing the best courses that fits well with their ability and observed passion (Woods et al, 2005).3. Discussion of the special problems of bullies and their victims and possible way s of helping such children.Tooanxious, mostly exhibited by victims of bullying, they most likely get aroused easily and can react beyond the expected limits as such causing serious injuries to their victims without caring whether their actions are wrong or not .They can carry weapons to social places and use them in causing harm to others without considering the consequences of their actions, whether bad or good, moral or immoral.Oppressive, they are quick at acting and causes oppression to their peers as they believe that their opinions are the best and irrevocable even if they others have better opinions than theirs. They struggle to seek attention of others through forceful offer of solutions to problems even in cases where such solutions are not necessarily applicable .They dominate much of the discussions giving very subjective decisions to universal problems that need an objective approach (Woods et al, 2005).Courageous, they tend to be fearless of the possible outcomes of the ir actions which are mostly inhuman and very ruthless to consider committing under sober state of mind. They can even take risky decisions with a lot of optimism and shortsightedness in the long-term results of their immediate actions for example they can stub their victims without caring that that act can lead to the death of their victims or lead to life imprisonment for committing such offences.Loneliness, the pure bullies makes their victims have negative perception about others as being potential enemies; they therefore tend to stay alone and may plot to cause injuries to their fellows on revenge missions.Possible ways of helping these children may involve; Enforcing laws that discourages the occurrence of bullying in school like punishing the bullies severely thus making other bullies to afraid ofcommitting such acts of bullying (Minuchin, 1974).Youth service, involving the children in disciplined practices like the youth service, where they learn the impotence of respect to o thers and avoid consequences of noncompliance with the rule of the law as provided in the constitution of the organization of interest.4. List and detailed description of the three parenting styles described by Baum rind with explanations of their effects on the long term outcomes for the children.Permissive parenting style; Involves consultations of the child by their parent on what their heart desires to do at different time periods like on the places they wish to visit during the holidays. The parent behaves in a free manner to avoid having direct control of the free will of their child this makes the child to be vested with the sole role of making decision for their course of actions. The child only assists the parent on a few cases in handling household choirs.Effects of Permissive parenting style on the child on long termincludes: Development ofunregulated emotions due to lack of sound influence in the decision making criteria of the child by the parent leading to formation of decisions that are misguided hence having chances of being unrealistic.Lack of adequate persistence, especially when confronted with an event that needs critical analysis they find it unbearable to cope up due to lack of initial direction on the possible cause of actions to be taken in different situations (Minuchin, 1974).Authoritarian parenting style; the parent attempts to shape and mold the characters of a child by intervening in their decision making process and influencing to a greater extent the choice of action that the child takes in solving issues.The parent usually matches the required standard of a given sovereign to the expected behavior of the child and thus applies compulsory corrective measures to influence the childà ¢Ã¢â€š ¬s behavior as they deem fit. The child learns social responsibility by being delegated some duty to attend to with the final inspection by the parent.Effects of authoritarian parenting on the child in the long term includes: Better performance as the child strives to lead the path of the required standards of success in the sovereign states a factor leading to smart work hence higher achievement by the child especially in academics.They tend to be upright in the society since they are directed by their parents to avoid certain acts like drug abuse which most sovereign standards condemn (Minuchin, 1974).Authoritative parenting style;The parent uses reasons to influence the behavior of their children through holding discussions with them on the matters are crucial in developing their ability to behave responsibly in the society. The parent also analyses the childà ¢Ã¢â€š ¬s behavior in a special way hence able to grant them a better advice on their decisions as a result of their discussions.Effects of authoritative parenting style on the child in the long term includes; Highly improved emotional regulation as they are included in the discussion with... Concepts of the Development of a Child - 2200 Words Concepts of the Development of a Child (Research Paper Sample) Content: Name:Approved Topic:Unit Name:Unit Code:Due Date:The following are the discussions of the concepts of the development of a child especially a school child considering the problems they meet during their development and how different parents can contribute to the unique characters of their children.1. Discussion on the concept of resilience and identification of the variables that influence the impact of stresses on school-age children.Resilience is the ability of an individual to withstand and adapt to the threats and challenges facing them as a result of theirinteraction with others and the environment. It shows how someone can overcome a challenging task of decision making under a condition of dilemma, thereby emerging as a hero against apressure that was exerted upon them before they came up with the amicable solution to the challenge (Woods et al, 2005). Individuals having this condition are usually keen decision makers and have the ability to take a secure positi on in cases that seem challenging to handle, for instance the ability to cope up with regulations that are very strict in an organization like working for long hours in a bank repeatedly or studying even when one is hungry. Those who are resilient can cope well even with situations that appear unbearable.The variables that influence the impacts of stresses on school age children areInternal and external in nature and depend on the source of the stimulant of the stress to the school child which determines the impact of the stress to the child as either being; low, medium or high level stress leading to mild or severe depression to the school child.Internal variables are the factors generated within the school childà ¢Ã¢â€š ¬s personal perception of others and the environment making them be stressed up or not as discussed;Love,this can make the child feel unhappy and stressed especially if they are missing people they love like their mother, sister or father .Hunger, when they are h ungry they appear gloomy and feel stressed naturally at different levels depending on their resilient abilities .Anxiety, children who are naturally more aggressive appear more stressed up when challenged by situations than those who are not much aggressive. Social nature of the child, children who are introverts tend to be more stressed than the extroverts when faced with a challenge (Woods et al, 2005).External variablesare factors from the environment that dictates the level of stress upon a school-child and are as follows; Influence of peers, the activities of their fellows toward them like discrimination on basis of education level and ability can lead toa feeling of loneliness makingthem lack social identity thereby appearing stressed up.Newhome, adapting to the new environment may be challenging to a child considering the lost ties withtheir previous playmates leading to a condition of stress on a school-child .Child labour, engaging a child in activities that are inconsisten ce with their ability and skills can make them be stressed up as they may not be enjoying such duties.2. The following are the three family functions thatspecifically relate to love and encouragement needs of school-age children with discussion of what is involved in each of them.Resource provisions: This involves the commitment to meet the requirements of basic needs like food, clothingand shelter, which are necessary for the school child to stay happy and feel protected thus deterring them from being gloomy and stressed in life .The provision of luxurious resources like holiday tours to a child can make them feel encouraged and face life challenges with a lot of optimism thus making them jovial and enlightened about the situations of their explorations that some of their peers are not aware of. This makes them very skillful in observation necessary for their learning processes in class.Nurturing and supporting:This may involve the attempt of restoring the peace of mind of a child when they are going to school and when they arrive home from school thus giving them motivation to continue and love the school environment after observing that even their parents are supporting their learning activities in school .They should be provided with necessities like fee payment and adequate upkeep finances to enable them fell protected and loved hence get motivated to study(Epstein and Miller.1993).Life skills development: This involves the parents proposing a decision to their children on matters that require experiences in life, thus expanding their understanding of the real world hence face their challenges with adequate and informed decisions necessary for proper judgment. In choosing the career path of their child the parents should study and understand their child hence assist them in choosing the best courses that fits well with their ability and observed passion (Woods et al, 2005).3. Discussion of the special problems of bullies and their victims and possible way s of helping such children.Tooanxious, mostly exhibited by victims of bullying, they most likely get aroused easily and can react beyond the expected limits as such causing serious injuries to their victims without caring whether their actions are wrong or not .They can carry weapons to social places and use them in causing harm to others without considering the consequences of their actions, whether bad or good, moral or immoral.Oppressive, they are quick at acting and causes oppression to their peers as they believe that their opinions are the best and irrevocable even if they others have better opinions than theirs. They struggle to seek attention of others through forceful offer of solutions to problems even in cases where such solutions are not necessarily applicable .They dominate much of the discussions giving very subjective decisions to universal problems that need an objective approach (Woods et al, 2005).Courageous, they tend to be fearless of the possible outcomes of the ir actions which are mostly inhuman and very ruthless to consider committing under sober state of mind. They can even take risky decisions with a lot of optimism and shortsightedness in the long-term results of their immediate actions for example they can stub their victims without caring that that act can lead to the death of their victims or lead to life imprisonment for committing such offences.Loneliness, the pure bullies makes their victims have negative perception about others as being potential enemies; they therefore tend to stay alone and may plot to cause injuries to their fellows on revenge missions.Possible ways of helping these children may involve; Enforcing laws that discourages the occurrence of bullying in school like punishing the bullies severely thus making other bullies to afraid ofcommitting such acts of bullying (Minuchin, 1974).Youth service, involving the children in disciplined practices like the youth service, where they learn the impotence of respect to o thers and avoid consequences of noncompliance with the rule of the law as provided in the constitution of the organization of interest.4. List and detailed description of the three parenting styles described by Baum rind with explanations of their effects on the long term outcomes for the children.Permissive parenting style; Involves consultations of the child by their parent on what their heart desires to do at different time periods like on the places they wish to visit during the holidays. The parent behaves in a free manner to avoid having direct control of the free will of their child this makes the child to be vested with the sole role of making decision for their course of actions. The child only assists the parent on a few cases in handling household choirs.Effects of Permissive parenting style on the child on long termincludes: Development ofunregulated emotions due to lack of sound influence in the decision making criteria of the child by the parent leading to formation of decisions that are misguided hence having chances of being unrealistic.Lack of adequate persistence, especially when confronted with an event that needs critical analysis they find it unbearable to cope up due to lack of initial direction on the possible cause of actions to be taken in different situations (Minuchin, 1974).Authoritarian parenting style; the parent attempts to shape and mold the characters of a child by intervening in their decision making process and influencing to a greater extent the choice of action that the child takes in solving issues.The parent usually matches the required standard of a given sovereign to the expected behavior of the child and thus applies compulsory corrective measures to influence the childà ¢Ã¢â€š ¬s behavior as they deem fit. The child learns social responsibility by being delegated some duty to attend to with the final inspection by the parent.Effects of authoritarian parenting on the child in the long term includes: Better performance as the child strives to lead the path of the required standards of success in the sovereign states a factor leading to smart work hence higher achievement by the child especially in academics.They tend to be upright in the society since they are directed by their parents to avoid certain acts like drug abuse which most sovereign standards condemn (Minuchin, 1974).Authoritative parenting style;The parent uses reasons to influence the behavior of their children through holding discussions with them on the matters are crucial in developing their ability to behave responsibly in the society. The parent also analyses the childà ¢Ã¢â€š ¬s behavior in a special way hence able to grant them a better advice on their decisions as a result of their discussions.Effects of authoritative parenting style on the child in the long term includes; Highly improved emotional regulation as they are included in the discussion with...

The Ethics of Human Cloning Essay - 1294 Words

Human cloning is separated into two major categories; reproductive cloning, which uses cloning technology to create a human embryo that will produce an entire human, and therapeutic, which adopt cloning into field of medical practices to find a cure for many diseases (Kass). Reproductive cloning requires a somatic cell, a DNA-less egg, and a surrogate mother; as a result, it creates a new individual with the same genome, or genetic coding. The idea originated in Germany in 1938, but the first successful research was not conducted until 1967 by scientist John Gurdon, who cloned a tadpole with a frog’s somatic cell. The most prominent experiment was the cloning of Dolly the sheep in 1997 by a scientist from Scotland. The successful cloning†¦show more content†¦Using the cloning method, scientists could replace the defective cells with another cloned cell consistent with the patient’s own genome; so instead of risking the chance of dying during the long waiting pe riod of the traditional organ transplant, as many as three thousands Americans could be saved per day. The diseases like Alzheimer’s, Parkinson’s, cancers, and diabetes can all be treated using therapeutic cloning treatments (â€Å"Human Cloning†). Among all the great world religions, Buddhism is the only religion to agree to the fact that therapeutic cloning could alleviate or even stop human suffering and bring benefit to our future (â€Å"Introduction to The Ethics of Human Cloning: At Issue†). Human reproductive cloning may also provide infertile parents a chance to have children with the parent’s genetic makeup. The age differences and environmental factors will affect their development, and it will not permit the clones to develop the exact same and perfected skills. Therefore, the cloned object will not be the exact copy of each other and the chance of creating a gene pool, a group of genetically altered clones, is very unlikely. Even if the government legalizes cloning, it will remain very costly stopping the practice of cloning from spreading widely throughout the communities. There will be rules set up to regulate human cloning as well; for example, cloning a person without their consent could be considered as rape andShow MoreRelatedThe Ethics Of Human Cloning890 Words   |  4 Pages The ethics of cloning Early in 1997, Scottish scientist Dr. Ian Wilmot revealed to the world that he had successfully cloned an adult sheep, Dolly. With this invention, the world made a aggregate astonishment at the realization that cloning was no longer an aspect of a Science Fiction movie. Since then, human cloning has become one of the most expressing divergent topics in the world, discussions began regarding the ethic consequence of human cloning. In several recent opponents argue thatRead MoreHuman Cloning Ethics1908 Words   |  8 PagesKant and Kass Tackle the Cloning Dilemma Although there are some important benefits to the use of human cloning, there are also moral challenges as well. The benefits include eradicating defective genes and infertility and a quicker recovery from traumatic injuries among other advantages. However, the disadvantages are truly thought provoking as first an individual must answer the question, â€Å"When does a human life begin?† This paper will oppose the use of human cloning on the basis that life beginsRead MoreThe Ethics Of Human Cloning918 Words   |  4 Pagesdebates about the ethics of in-vitro fertilization, preimplantation, stem cell research, demographic control, for example, by sterilization, genetic modification for health or physical enhancement, and human cloning. The idea of human cloning is most interesting because it is most mysterious and very complex. The topic of human cloning inclusively brings up issues also raised in the mentioned technologies. Human cloning is of two types: therapeutic and reproductive. Therapeutic cloning aims to produceRead MoreThe Ethics Of Human Cloning2096 Words   |  9 Pagesbodies, the human race stands easily as one of the most extraordinarily complex and mysterious species in the world. Since the beginning of time our race has been evolving with knowledge, constantly searching for a complete understanding of how we function, and how we can improve ourselves. Through various studies, researchers have thought of ways to modify the human body by means of medication, surgical procedures and other processes. One of these methods is through human reproductive cloning. The veryRead MoreThe Ethics Of Human Cloning Essay1927 Words   |  8 Pagesis created, and this act of reproductive cloning is regarded with controversy; is it morally permissible, or is it morally grotesque. There are certain elements to consider when debating the ethics of human cloning. Leon Kass in his article â€Å"The Wisdom of Repugnance† contends that reproductive cloning is morally corrupt, describing it as offensive, repulsive, and repugnant, believing these terms to be commonly associated with regards to human cloning. Kass goes forth with his arguments byRead MoreThe Controversy Concerning The Ethics Of Human Cloning1008 Words   |  5 PagesClones are humans. This statement embodies the crux of the controversy regarding the ethics of human cloning. If clones are humans, then they should receive the same rights as humans who were born ‘naturally’. But how do you determine humanity? The film Never Let Me Go (2010), based on Kazuo Ishiguro’s novel of the same name, helps answer the question â€Å"Should we clone?† by establishing that humanity is more than the way one enters the world and by highlighting the unethical issues that may ariseRead MoreEssay about The Ethics of Human Cloning979 Words   |  4 PagesThe Ethics of Human Cloning In order to make a fully justified decision on whether human cloning is ethical or not, one must be exposed to the background of the subject. To start, a clone is an exact replica of an organism, cell, or gene. The process itself is done asexually with the use of a cell from the original human. It is then placed inside a female capable of bearing a child and is then born as a clone. Along with this comes questions of whether or not it is rightRead MoreThe Cloning Of The Human Genome And With No Standard Line Of Ethics951 Words   |  4 PagesThe issue at hand is that scientists are in a period of enlightenment with the human genome and with no standard line of ethics pertaining to editing human embryos in research development other countries are taking liberty to beat around the bush to explore this concept of eugenics. After the cloning of dolly the goat and China cloning two monkeys without a genetic blood disease through a process called CISPR society are asking the same question. Are scientists taking this too far before it is readyRead MoreEthics of Human Cloning and Genetic Engineering Essay1843 Words   |  8 PagesINTRODUCTION When the Roslin Institutes first sheep cloning work was announced in March 1996 the papers were full of speculation about its long-term implications. Because of this discovery, the media’s attention has focused mainly on discussion of the possibility, of cloning humans. In doing so, it has missed the much more immediate impact of this work on how we use animals. Its not certain this would really lead to flocks of cloned lambs in the fields of rural America, or clinically reproducibleRead More The Opposition to Human Cloning: How Morality and Ethics Factor in2864 Words   |  12 PagesThe Opposition to Human Cloning: How Morality and Ethics Factor in If a random individual were asked twenty years ago if he/she believed that science could clone an animal, most would have given a weird look and responded, â€Å"Are you kidding me?† However, that once crazy idea has now become a reality, and with this reality, has come debate after debate about the ethics and morality of cloning. Yet technology has not stopped with just the cloning of animals, but now many scientists are contemplating

Play Time A Child s Work - 1135 Words

The term â€Å"play-time† may seem like a description of just fun and games, but it proves to be much, much more, especially in a young child’s development in early childhood. Play is a child’s work, it is how they begin to learn and grow intellectually, socially, and emotionally at a young age. In addition, play-time also helps introduce and initiate proper motor skills and cognitive thinking. Play-time involving mother and child is equally important because it is helping build the connection between parent and child. Without play-time, a child can be deprived of the most important aspect of his/her childhood and may grow up without the necessary connections in their brain to develop socially and emotionally. In the most recent years, especially with the advancement in technology and schooling, the benefits of sufficient play-time has been constantly overshadowed by computers, online interactive games for children, and longer school hours. With several specific types of play that occur between infancy and early childhood, it is absolutely necessary for a child to have a specific amount of play-time every day. There are many long-term, detrimental effects a child may have if deprived of play-time. A child may not grow up with the correct social, emotional, and cognitive skills due to the lack of play. When a child engages in play, their brain is working harder than ever before, especially during infancy to early childhood years. They are learning everything from facialShow MoreRelatedEvaluation Of The Counselor And Child ( Ren )1594 Words   |  7 Pagesstudents, on levels in which are comfortable for the child(ren). Before this process can begin, it is imperative that the counselor and child(ren) create a strong bond. Carl Rodgers believes in the idea that the counselor should have several specific qualifications to best assist the client. Those qualifications are listening to the client speak, being genuine with feelings, having a non-judgmental perspective of the client and his/her problem(s), acceptance of the client views, and serve as a mirrorRead MoreRoles Of The Average Child Are Characterised By Play1564 Words   |  7 Pagesearly years of life, the roles of the average child are characterised by play. Children actively explore and interact with people and objects in their world. These interactions provide the child with an understanding of control and connectedness. Children repeat actions to establish relationships between materials and objects. Students then modify their interactions to examine new relationships. During the first few years of life language develops and play evolves, from exploration to using objectsRead MoreThe Importance Of Play For Early Childhood Education Programs1699 Words   |  7 PagesGDTCS 101 PLAY AND PEDAGOGY GDTCS 101 PLAY AND PEDAGOGY GDTCS 101 PLAY AND PEDAGOGY Assessment 2 Respond to scenarios that examine?the relevance of the main discourses of play for early childhood education programs This essay introduces the definition of play, its importance in early years. It also makes us understand the different contributions made by theorists in enhancing our understanding the value of play. It also examines the implications of play on children and early childhood servicesRead MoreOccupational Therapy : A Fun, Active, And Exciting Way Of Helping Children With Disabilities1566 Words   |  7 Pagesdisabilities, and it is fun because it makes the child feel as if he or she is not even doing much work at all. Occupational therapy is a method of rehabilitation through helping a child with a disability. It helps by teaching the child how to overcome the disability. Occupational therapists (OTs) try hard to ensure the happiness of the children that they are working with. OTs want the children to have fun, but learn all at the same time. OTs might play games with the children that will help the childrenRead MoreDevelopment Of Structured Teaching Methods And Sensory Resources1147 Words   |  5 PagesBy carrying out research on play and learning I have looked at theorists in more depth, especially Montessori. I have discovered that Montessori s ideas have initiated the development of structured teaching methods and sensory resources, which is important for children especially within the early years and more specifically children with learning difficulties. Montessori s approaches have made me realise that children will benefit greatly from independent play as it allows them to learn at theirRead MoreEssay on Health and Social Care P3, M2 and D1808 Words   |  4 PagesThere is many different strategies that can be used to minimise the effect(s) of challenging behaviour in health and social care. Some of these strategies have a bigger impact on children, depending on the children(s) behaviour. Such strategies include; Naughty chair, speaking (feeling and emotion), 2 warnings, these are all sanctions, which are implemented in home and schools, such as the 3 warnings. When the children/child has done the sanction appropriate for the behaviour a reward should be putRead MoreChildren s Views On Children And Young People1515 Words   |  7 PagesThere are many values and principles which underpin children and young people s play and learning including children s views this means hearing the children s voice, thoughts, view and opinions. Listening to what the children have to say because it may have an effect on the environment which will make it more child like challenging. By having a stimulating environment it will enable the children to explore investigate take risks as well as playing and learning. Children and young people will achieveRead MoreThe Welfare Of The Child1515 Words   |  7 Pageslocal authority has the duty of care for the child and their decisions should also be taken into account. This could be linked to the UNCRC. The children s rights are valued and taken into consideration; the child has their own views and feeli ngs. The welfare of the child should be put in the centre at all times. The articles I am referring to from the UNCRC are article 3- organizations should work towards what s best for the child for example a child that is in harm’s way should receive supportRead MoreEarly Intervention : Learning From And Through Play- Assignment1705 Words   |  7 PagesIntervention: Learning from and through play- Assignment 2- Essay Christina Kraly (2149733) Essay Question #1: Discuss and analyse how play is similar and different for young children with and without special education needs (SEN). Describe why this knowledge is of value to professionals working in the early childhood sector, and make recommendations on the knowledge professionals should have in order to support children with SEN learning from and through play. Introduction During the early yearsRead MoreEarly Childhood Course At Savannah Technical College Essay1662 Words   |  7 Pagesearly education. The work of Lev Vygotsky greatly influenced the field of early education. This paper will include a brief summary of Vygotsky’s life, a description of his major ideas, and how those ideas impact early education today. Vygotsky’s Life According to New World Encyclopedia (2014), â€Å"Lev Vygotsky was born was born in Orsha, Belarus (then Russian empire), into a well-to-do family of Jewish ancestry, on November 17 (November 5 in the Old Style), 1896. Soon after Lev s birth, his father

Cask Of Amontillado By Poe Essay Example For Students

Cask Of Amontillado By Poe Essay In The Cask of Amontillado Edgar Allan Poe takes us on a trip into themind of a mad man. The story relates a horrible revenge made even more horribleby the fact that the vengeance is being taken when no real offense had beengiven. This concept sets the mood for true evil. The plot of the story issimple. Montresor takes revenge on his friend Fortunato by luring him into thewine cellar under the family estate. There he leads Fortunato into the depths ofthe catacombs where he buries him alive by walling him into a recess in thewall. This story is told in first person, from the point of view of Montresor. The exposition of the story occurs when Montresor tells us that he wants to takerevenge on Fortunato because he ventured upon insult. What this insult waswe do not know. We do know that he intends to go unpunished for this act ofreprisal. Montresor then informs us that he is going to continue to smile inFortunatos face, while using Fortunatos pride in his knowledge wine tolure him into the catacombs to taste some of his imaginary amontillado. At thispoint, the reader knows the conflict will be one of man versus man. It is anexternal struggle because Fortunato and Montresor are in a life and death fight. However, the conflict is largely internal, because Montresor has a fierce hatredthat Fortunato is unaware of. The climax of the story is when Montresor chainsFortunato to the wall and begins to layer the bricks. It is the high point ofemotional involvement. It is at this point that the reader may ask themselves ifthis is really about to happen. The conclusion lets us know that Montresor wasnever punished for this crime. Fifty years has passed and he is an old mantelling the story on his deathbed. The true horror is that Fortunato died aterrible death, utterly alone, and his killer was never brought to justice. Thetheme in the story is perhaps the least important feature. After all, it isabout a senseless crime. Maybe the idea behind the story is that no one can findrefuge from a deranged mind, or that terrible crimes can be committed when animaginary offense can fester into reality. In this story the character ofMontresor is revealed through his own words. When he reveals he is going topunish Fortunato for merely insulting him, that he has planned the whole act ofvengeance, and that he has been playing as being Fortunatos friend, we knowwe are dealing with a demented personality. His character is also revealed withreferences to his family. It is almost as if Poe has Montresors ancestorstell the reader how nicely he fits into the family tree. His family motto isNo one attacks me with impunity and a coat of arms that depicts a snakewhose last instinct before death is to poison the foot that crushed it. Montresor is as evil as his forebears were. He shows no remorse about what hehas done, even in old age. Montresors malice toward Fortunato is highlightedwhen he says, In pace requiescat!* This sarcastic comment at the end ofthe story truly shows Montresors hatred and total disregard for Fortuatoslife. The setting Poe chose for the story adds to the horror. He sets most ofthe story in a dark, damp series of winding tunnels piled with the bones of deadfamily members. By taking Fortunato into the vaults, he cuts him off from help. .u395087ea39bd92d0e7687cdaace02f35 , .u395087ea39bd92d0e7687cdaace02f35 .postImageUrl , .u395087ea39bd92d0e7687cdaace02f35 .centered-text-area { min-height: 80px; position: relative; } .u395087ea39bd92d0e7687cdaace02f35 , .u395087ea39bd92d0e7687cdaace02f35:hover , .u395087ea39bd92d0e7687cdaace02f35:visited , .u395087ea39bd92d0e7687cdaace02f35:active { border:0!important; } .u395087ea39bd92d0e7687cdaace02f35 .clearfix:after { content: ""; display: table; clear: both; } .u395087ea39bd92d0e7687cdaace02f35 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u395087ea39bd92d0e7687cdaace02f35:active , .u395087ea39bd92d0e7687cdaace02f35:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u395087ea39bd92d0e7687cdaace02f35 .centered-text-area { width: 100%; position: relative ; } .u395087ea39bd92d0e7687cdaace02f35 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u395087ea39bd92d0e7687cdaace02f35 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u395087ea39bd92d0e7687cdaace02f35 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u395087ea39bd92d0e7687cdaace02f35:hover .ctaButton { background-color: #34495E!important; } .u395087ea39bd92d0e7687cdaace02f35 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u395087ea39bd92d0e7687cdaace02f35 .u395087ea39bd92d0e7687cdaace02f35-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u395087ea39bd92d0e7687cdaace02f35:after { content: ""; display: block; clear: both; } READ: Costa Rica EssayThe two characters are underground and isolated. Using the carnival as abackdrop is also skillful because it is a time when everything is in chaos andpeople have lost their self-control. There is noise in the street, the servantsare gone, and Fortunato might have sensed something evil about Montresorsintentions and left the vaults before it was too late. Poe uses irony throughoutthe story. There is situational irony in the fact that the crime takes placeduring a celebration, that Fortunatos name means good luck, and thatFortunato is dressed like a jester. What is about to happen is just the oppositeof what you would expect. Just about everything Montresor s ays is ironic. Hesays just the opposite of what he means. He keeps inquiring about Fortunatoshealth and says he will not die of a cold. The greatest use of irony is whenMontresor says he is a member of the masons. Fortunato thinks he means he is ofa fellow member of a society when what he really means is that he is abricklayer about to brick him in for all eternity. This conversation alsoprovides foreshadowing in the story. This is the first clue the reader getsabout how Montresor will kill Fortunato. The overall mood of the story is one ofimpending evil. The ending of the story is filled with suspense. You seeMontresor carefully construct each row of stone. At this point Montresor isfully committed to finishing his horrific deed even at the desperate pleas fromFortunato. When the last brick is set in place, we know Fortunatos fate hasbeen sealed.

IT security and Control

According to Hawker (151), IT Security and Control include physical, logical and administrative measures organizations put in place to ensure data integrity, confidentiality, and availability to authorized users. Information system avail data to authorized users through validation and verification procedures. In addition, data integrity standards should be enforced when data is being transmitted to prevent it from unauthorized access, intentional or accidental modifications, or malicious damage.Advertising We will write a custom essay sample on IT security and Control specifically for you for only $16.05 $11/page Learn More Comprehensive approaches subject organizations’ information systems to regular security checks in addition to system audits (Peltier 2). Regular system audits ensure that responsible organizational managers are able to track users and establish any potential sources of malicious attacks or unauthorized access. These measures ar e implemented within and outside organizational boundaries. Organizations benefit from IT Security and Controls by integrating and aligning them to organizational goals and objectives. Peltier (1) argues that organizations have defined standards, policies, and procedures for implementing security measures and controls to prevent data loss or damage. Information can be sold or mined to enable radical decisions to be made. Peltier (2) argues that users should form informed decisions on system usage when login sessions commence and should be made aware that they are being monitored. Peltier (11) asserts that security and control measures such as firewalls implemented at different levels, risk analysis, encryption of data using different techniques, e-mail and other communication policies ensure that organizational information is kept confidential and made available to the intended parties. Firewalls filter outgoing and incoming data to ensure no corrupt data, or malicious software or c omputer programs accesses an organization’s information system. Organizations impose administrative controls on data, which is a valued asset, at different levels to ensure accountability and responsibility for system users. This may include passwords verifications and access rights’ mechanisms. Data integrity is maintained organization-wise.Advertising Looking for essay on it? Let's see if we can help you! Get your first paper with 15% OFF Learn More Logical controls ensure firewall protection for outbound and inbound data. An organization may not be at risk of loosing sensitive information to the outside when software is installed to control access to information in addition to implementation of access privileges to system users. Organizations benefit from the use of physical controls by enforcing policies such as the use of cameras and clear definition of duties. Thus organizational activities are monitored to avoid potential incidents and threats to d ata corruption, espionage, and damage. Information is a valuable asset to any organization. It should be managed well. Gertz, Guldentops, and Strous (27) asserts that the movement of traffic in both directions enables a system performance evaluator to determine the vulnerability of system components and controls. Such performance measures can also be evaluated against the policies and objectives of an organization. Deviations from established benchmarks determine the degree to which performance of the information security controls are effective (Gertz, Guldentops, and Strous 57). Other measures include the use of software tools to evaluate performance standards of networked computer systems in addition to conducting tests to evaluate effectiveness of system security. A performance evaluation plan is developed by an organization and tests conducted against benchmarks to identify security loop holes. Information security and controls should be embedded in an organization’s cult ure at personal and organizational levels. Tests should be consistent with organizational, management security control goals, and objectives (Gallegos, Senft, Manson, Daniel and Gonzales, 124). References Gallegos, F., Senft, S., Manson, D P., Gonzales, C 2004. Technology Control and Audit (2nd ed.). Auerbach Publications.Advertising We will write a custom essay sample on IT security and Control specifically for you for only $16.05 $11/page Learn More Gertz, M., Guldentops, E., Strous, L 2001. Integrity, Internal Control and Security in Information Systems: Connecting Governance and Technology Web. Hawker, A 2000. Security and Control in Information Systems: A Guide for Business and Accounting Web. This essay on IT security and Control was written and submitted by user Laylah Reilly to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Evolution Of Leadership Example

The Evolution Of Leadership Example The Evolution Of Leadership – Coursework Example The Evolution of Leadership Leadership has been thought of as a concept or phenomenon that is not static but to change on a constant basis. Most often than not, changes in leadership takes place as a result of two main factors. First is the kind of leaders in position and second, the pressing and present needs of society at the time of leadership. It is for this reason that there have been great leaders with different leadership styles over the centuries like Napoleon, Margaret Thatcher and Kofi Annan. When there is a change in the style of leadership, we say evolution of leadership has taken place (Gardener, 2009). Specifically it can be said that the era of Napoleon was an era that was characterized by fierce territorial battles as the only way to gain national supremacy. For this reason, the kind of leadership practiced in those days was that of combative military charisma. But coming down to the days of Thatcher, much of the talk of global supremacy had turned into economic power and market force (Diole, 2011). For this reason, it was just prudent that leadership would revolve around strong economic prudence and pragmatic fiscal charisma rather than physical charisma. For this reason, much of the leadership style of Thatcher was that, which was focused on making her people become a global dominant on the economic and political front. Then came in Annan who believed so much in peace dialogue as the best way of achieving world peace and so as the United Nations Secretary General, adapted various strategies of peace talks (Gardener, 2009). To a large extent therefore, leadership has undergone evolution over the years and will continuing evolving, depending on the personality of leaders in place and the present situations that confront them.REFERENCE LISTDiole T. F (2011). Change and Leaders. Omega Press Series: LondonGardener G. D (2009). Leadership through Evolution. PrintMark Publications: Texas

Public Sector Budgeting Assignment Example | Topics and Well Written Essays - 2250 words

Public Sector Budgeting - Assignment Example It is majorly done by the executive and should not be made a secretive process. The first important step of this stage is to set a fiscal policy and it involves estimation of the resources available for spending. The treasury department will then issue a directive of spending to all the departments based on the policy framework (Khan & Hildreth, 2002). Negotiations will follow between the spending departments and the treasury with a bid to allocate the resources. The process then ends with the development of a consolidated draft budget that is approved by the cabinet or a higher political authority that will deliberate on the contentious issues before moving to the next budget stage. After drafting a comprehensive budget, the document will be laid before the legislature for approval. Government regulations bar the executive from making expenditures without obtaining sanction from the legislature. Parliament will closely scrutinize the draft budget and has the option of approving, rej ecting, amending or in some cases substituting the draft that is presented by the executive (Khan & Hildreth, 2002). The legislature will also have the mandate of approving the relevant laws on taxation before they take effect. It is important to notice that the period taken by the legislature in approving the budget varies from country to counter. Once approved, the budget process enters the implementation stage, which marks the commencement of a fiscal year. The implementation process is in the hands of the executive, which allocates the resources to the departments in line with the approved estimates. The legislature however may monitor the executive in the process to ensure that they don’t deflect t from the estimates. In the developing economies, the executive may have to cut on some approved expenditures to take care of emerging circumstances. Where the emergency requires substantial amounts, the legislature will have to approve the new estimates to protect the minority rights. The final stage is the accounting and financial reporting stage. At this stage an independent auditor is vested with the mandate of analyzing the government accounts and government reports with the objective of giving an opinion on whether the implementation has been done in a desirable manner. The report should be made in a timely manner and with recommendations that will be reflected in future budgets in order to improve future public accounting and budgeting. Reports should be made in a timely manner to ensure that the official who might be responsible for loss of public resources are convicted for their actions before their retirement or after they had left public service. The budget process is not an event and is an ongoing process that is interconnected. Legislature participation should not be limited to approval and review of the audit findings. Parliament should be empowered to ensure that they make the executive responsible for proper implementation of the budget. B The public sector and private sector budgeting have similarities and differences in some ways. Private sector budgeting is driven by the market and that of the public sector is constrained by resources from taxation. It therefore means that both the public and private sector budgets have some constraints. Secondly, both the private and public and private sector budgeting have objectives. For the private the aim is to make profits while public budgeting is service to the serve the

You are an entrepreneur Essay Example | Topics and Well Written Essays - 1500 words

You are an entrepreneur - Essay Example r would consist of the customer contact staffs that would take care of the customers and would be involved in a variety of activities like the serving of the ice creams, billing of the products as well as the general activities that need to be undertaken to run an ice cream store. There would also be a set of back end staffs who would be engaged in preparation of the products in the freezer and for maintenance of the machines and equipments. The floor managers would be required for ensuring that the activities of the shop are undertaken in a proper manner (Blythe, 2001). There would be requirement of a marketing manager who would be responsible for the branding and promotion of Sweet Taste (Pinson and Jinnett, 2009). The company would cater to the fast food market and would see a rise in the sales especially during the period when the classes would be going on in the schools and colleges. This kind of business would be a popular one because especially during the summer months the sales would go up. The pastries and the cookies are expected to sell in the winter months. Since the business is a start up, it would prefer to focus on one particular outlet of the ice cream shop. There would be a number of products in the product line of the business. First of all, there would be a number of flavors in the ice cream section of the store, which includes chocolate, strawberry, mango, black current, butterscotch and many more. There would also be a low fat section in the product line which would be offered in a variety of flavors (Farris, 2006). Finally there would be pastries which would also be of different types to provide the customers with a variety to choose from. Chocà ³ chip cookies would also be sold in the shop. The assets of the company would be the freezer and the machines that would be used for running the business. These would form a part of the fixed assets of the business. The other tangible assets of the company would be the furniture and the cutlery

The Coca-Cola Company Struggles with Ethical Crises Research Paper

The Coca-Cola Company Struggles with Ethical Crises - Research Paper Example All these contamination issues were further aggravated by the slow response from the beverage manufacturer and failure to recognize the severity of the situation. In Belgium, the country’s strict antitrust laws upheld a halt on market strategy seen as illegal strategy to strengthen Coca-Cola’s market share. The reputation of the company was thus deteriorating at an increasing rate. While considering mergers and acquisition, the company’s marketing tactics came under scrutiny due to the strict antitrust laws in the European countries. The French government refused to approve the company’s bid to acquire Origina and Schweppes, other French beverage companies. But still, the company dominates foreign markets throughout the world. Further, claims of racial discrimination came up in the spring of 1999. It is claimed that the top management had knowledge of this since 1995 and had done nothing to neutralize this situation. Discrimination was alleged to take plac e among former and current black employees. Over two thousands of them are said to have been discriminated in terms of promotions, pay and performance evaluations. A mid-level executive accused the Coca-Cola Company of doctoring a study it had done on behalf of Burger King in 2002. The fast food outlet had to take the research on its own to establish the reality of the claims. Coca-Cola was found guilty and had to compensate Burger Kings, the whistle-blower as well as pay millions in pre-tax write offs. It further lost public image among its customers, stakeholders as criminal investigations were instituted. Channel stuffing – shipping additional stock at above board rates to retailers and wholesalers are allegations came up. This was aimed at manipulating the numbers just before the end of a quarter to create a strong demand picture. This makes the financial statement earning impressive to the investors. From 1997 through 1999, the company was accused of this in the Japanese market. Coca-Cola is facing a shareholder suit regarding this kind of actions also in the Europe, North America and South Africa markets. Other supplies of the company such as PowerAde – a sports drink- came under scrutiny. Its delivery to Wal-Mart beyond Texas test area was looked into as bottlers alleged the contracts engaged in did not permit such. Initially the company was using direct store delivery, bottlers dropped off products to all stores, stock shelves and building merchandising displays. Bottlers did claim diminishing of their businesses due to this new change of delivery tactic and also a violation of antitrust laws. The media reported this wrangle negatively hence costing the company its reputation as well as the reputation of firms within its supply chain. The integrity the company had across its shareholders and partners was eroded. Internal wars with unions were up around the same time in Colombia. The death of eight Coca-Cola workers, hiding of further fort y eight and sixty five receiving death threats was attributed to Coca-Cola and its local bottler by the union though it was a coincidence. The union sought reparations to families of slain workers as well as the displaced. The companies denied all these claims and attribute them to the Colombia’s four decade long civil war. There was an arrest of an administrative secretary and two accomplices in 2006. Fraud charges were brought against them as well as stealing and trading

Insights on Death in I’ve Seen a Dying Eye Essay -- Seen Dying Eye Ess

"I’ve Seen a Dying Eye," by Emily Dickinson, is a poem about the nature of death. A sense of uncertainty and uncontrollability about death seems to exist. The observer’s speech seems hesitant and unsure of what he or she is seeing, partly because of the dashes, but also because of the words used to describe the scene. As the eye is observed looking for something, then becoming cloudy and progressing through more obscurity until it finally comes to rest, the person observing the death cannot provide any definite proof that what the dying person saw was hopeful or disturbing. The dying person seems to have no control over the clouds covering his or her eye, which is frantically searching for something that it can only hope to find before the clouds totally consume it. Death, as an uncontrollable force, seems to sweep over the dying. More importantly, as the poem is from the point of view of the observer, whether the dying person saw anything or not is not as significant a s what the observer, and the reader, carry away from the poem. The suspicion of whether the dying person saw anything or had any control over his or her death is what is being played on in the poem. If the dying person has no control, what kind of power does that give death? Did the eye find what it was looking for before the clouds billowed across their vision, and was it hopeful? These questions represent the main idea the poem is trying to convey. Death forces itself upon the dying leaving them no control, and if something hopeful exists to be seen after death, it is a question left for the living to ponder. The idea that something exists after death is uncertain in this poem, saying this, it is important that the point of view is that of the observer. The ... ... is now blessed because he or she finally knows the answer to the life-long question. It seems that Dickinson purposefully leaves the poem open-ended to keep that uncertainty alive in her poem. The only time the uncertainty of death is made certain is during that moment when our eyes begin their search through the engulfing clouds. Emily never gives an absolute definition of what she is addressing in this poem and in every other poem she wrote. Michael Myers, author of Thinking and Writing About Literature, best captures this idea of open-ended conclusions says: It's also worth keeping in mind that Dickinson was not always consistent in her views and they can change from poems, to poem, depending upon how she felt at a given moment. Dickinson was less interested in absolute answers to questions than she was in examining and exploring their "circumference."

Report on Hdfc Bank

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