Thursday, December 19, 2019

Company Policies And Procedures Of The Hotel Total Rewards

2. COMPANY POLICIES AND PROCEDURES No one under 18 years of age is permitted to work on assignment as an internal or external worker. Your pay is an important part of the overall compensation package that this hotel offers you for the work you do and the contributions you make. To achieve our mission of making life better for people around the world, we need all our employees performing at their best. That s why we use our compensation programs to reward and recognize your contributions and performance. Compensation is one element of the Hotel Total Rewards, which also includes benefits, learning and development opportunities, and other amenities such as cafeterias, well-being programs, and employee activities. In this section, you ll†¦show more content†¦o Concierge A hotel concierge recommends dining spots, book reservations, let customers know about discounts for attractions and more. o Event Planning Events like business meetings, banquets or family meetings. They meet with potential customers, quote prices, secure contracts and provide event coordination services. o Housekeeping Hotel housekeepers are responsible for cleaning guest rooms, preparing vacant rooms for new guests, and also keeping common areas of the hotel - such as lobbies, bathroom facilities and workout rooms - clean. o Maintenance Maintenance employees are responsible for the upkeep of hotel facilities and equipment. Duties may include repairing furniture, troubleshooting electronic equipment, grounds keeping and pool maintenance. o Food Service Hotels that have restaurant facilities hire cooks and wait staff to prepare and serve food and drinks. Positions may include opportunities for chefs, cooks, bus staff, servers, bartenders and more. This may include dining room meal, room service takeout and delivery and catering. Salary scales define the amount of base pay available for a job or group of jobs. The scales, or ranges, allow for jobs with similar scope or level of responsibility to reflect market differences as well as differences based on level of contribution, which helps drive our high-performance culture. Within every type of job we can find three

Wednesday, December 11, 2019

Correlation between Mindfulness and Attention Improvement Free Sample

Question: Write a Brief Lab Report based on One of the Experiments run on Attentional Blink and Mindfulness. Answer: Method Participants-The sample for this experiment comprised 85 introductory students with age ranging between 19 and 52 years who finished experimental tasks on the classroom computers as a component of an in-class task (62, 72.9% Females, Mage=24.9 years, Age SD = 7.14, 21, 24.7% Males, Mage=24.9 years, Age SD=7.14 and 2 (2.4%) participants not specified. The control group comprised 34 (40%) participants and the experimental group had 51 (60%) participants. All the prospective subjects were informed effectively that in-class activity was optional and they had an option to choose to participate. The interested subjects gave informed consent and every experiment procedure got approval by UNSSW Ethics Committee. The subjects per individual testing session comprising up to eight students were assigned randomly to same condition yielding 34 participants in control group and 51 participants in experimental group. Materials The manipulation of mindfulness took place and the attentional blindness was measured using a standardized task. The participants completed a task of inattentional blindness. The 19 letters moved around in sequence the screen of the computer as the new one overwriting its predecessor. The subject were asked to judge whether letter K and J bounced on the edge of the screen or were in the sequence. After completing the task, subjects reported number of bounces. The subjects were also asked whether they observed unexpected or unusual thing during the task. Design The experimental design was used in this study to determine the effects of mindfulness on attentional blink. The experiment was based on the CogLab 2.0 Online Library. It was appropriate for this study as it provided students and instructors the opportunity to partake as subjects in the classic experiment of the cognitive psychology. The updated version on CD-ROM provided the best opportunity to complete the experiment even in the absence of Internet connection or web browser. The CD-ROM permitted the students to merge and calculate class average of data generated. Several letters are indicated in swift succession with individual letter overwriting initial letter. The students in the experimental group were required to watch the whole sequence and subsequently indicate whether some target letters within the sequence. The sequence were carefully constructed to systematically vary temporal separation between two target letters J and K. A sequence of JXTVRK placed K 5 letter-spaces beyond J. Procedure On individual trial of the experiment, a sequence of nineteen letters was presented, with each new letter overwriting the initial letter. Individual letter was presented for solely a hundred milliseconds. The task of the participant was to make a judgment on whether the letters J or K were within the above sequence. The independent variable for the experiment was the temporal separation of the above letters. On the same trial, a K could have succeeded J with solely one letter in between. On the other trial, a J could have succeeded a K with 5 letters in between. One certain trials solely a J or a K was presented. Results An Analysis of Variance (ANOVA) test was first conducted to examine the main effect of mindfulness condition on ability to detect the first target, regardless of target position. Results indicated that participants in the mindfulness condition were not significantly more likely to detect the first target stimulus when compared to the control condition, F (1, 83) = .183, p = .670. Analyses then examined differences between the conditions for each position of the second target to determine the impact of mindfulness on attentional blink. No significant differences were found between the groups. Further regression analyses then examined the impact of age and gender on performance. No effect for age or gender was found for ability to detect the first target. However, age was significantly associated with ability to detect the second target when the separation was zero (B = .37, SE = .15, p = .015) and two (B = .58, SE = .18, p = .001) such that older age was associated with better performance across both conditions. No difference in performance was found based on tutorial group allocation. Means and standard deviations for rate of target detection across groups are presented in Table 1. Table 1. Target detection rate, by condition. Control condition, M(SD), N=34 Mindfulness condition, M(SD), N=51 Target detection First target (%) 58.25(14.13) 56.98(12.84) Target detection Second target Separation 0 (%) 6.62(7.95) 9.31(12.73) Separation 2 (%) 37.44(13.85) 36.59(11.37) Separation 4 (%) 44.85(19.68) 41.27(17.17) Separation 6 (%) 56.56(22.28) 56.67(19.94) Separation 8 (%) 63.59(18.58) 66.18(17.22) Discussion People are usually unconscious of what is observable before them. Simon Chabris (1999) classic research unearthed that when participants were queried to count passes between basketball players, several subject failed to notice an individual in a gorilla suit walking through the middle of the game. These failures of declarative awareness are dubbed inattentional blindness (IB). These failures often happen when unexpected stimuli is presented in the course of goal-directed activities. Such visual awareness failures have significant real-life consequences (Malinowski et al., 2015). The prominent outcome was that the second letter target identification remained extremely low when it swiftly follows first target letter. As the temporal separation rises, the second letter identification enhances. The above result suggest that when the viewer sees the first target letter, he has to attend to it to make sure that it will be recollected later. The focusing of attention to such a letter clearly needs time, and when the second target letter appears during the same time, it is never attended and hence unreported. By viewing at acknowledgement of the second letter as a function of separation, the time needed for focusing and breaking attention for stimulus can be estimated. Chabris et al (2011) study discovered that several subjects failed to notice a physical assault taking place nearby due to the risk of IB. A single applicant protective variable of a mindful state. Mindfulness describes the capacity to monitor both sensory and perceptual stimuli along with experiences, moment-by-moment within a non-judgmental way. Mindfulness is inducible or trainable utilizing simple awareness exercises like mindfully eating raisins, mediation practices of mindfulness, and programs of interventions like MBSR program. A fundamental characteristic of such mindfulness-boosting practices is their emphasis on nurturing greater attention to as well as awareness towards ongoing sensory along with perceptual stimuli as well as experiences. The capacity development for non-judgmental monitoring of experience assists to distinguish mindfulness from the rest of attention training. In fact, latest studies are suggestive that a capacity for monitoring internal as well as external experience in the course of mindfulness meditation training enhance behavioural attention measures. The briefer induction for example, improve attentional abilities relative to passive control conditions through instructions to attend to as well as engage with the given task (Schofield, Creswell Denson, 2015). The following graph has been drawn to showcase whatever was being predicted and the rationale for such predictions. It indicates the percentage of times the participants detected the first as well as the second target letters as a function of their separation. As shown in the above graph, it was discovered that the second target is detected more often with increasing separation. The second target letters curve slants up from the LHS to RHS. As shown in the graph, separation zero means that there was no second target, and hence the percentage reported was closer to zero as expected. It was also found that the detection of the first target letter remains relatively unaffected by the separation. This outcome is in support of the hypothesis that bringing attention to the first target distracts the detection of the second target letter but the reverse does not hold (Moore et al., 2012). Even though this task undertaken in the experiment seems rather absurd, it remains quite analogous to tasks certain individuals have to undertake on their daily life. For example, in the airline industry, the pilot and controllers always attend to several diverse stimuli which alter features very swiftly (Mrazek et al., 2013). The temporal characteristics of attention unearthed via studies like this experiment assist in the development of more general attentional theories, with instantaneous applications to high-pressure contexts. One needs to examine the robustness of this effect and the associated limitations. The attentional blink remains extremely robust. It is observable with a vast range of stimuli, not merely letters (Lippelt, Hommel Colzato, 2014). The experiments relating to attentional blink experiments have been utilized when studying the effects of aging as well as Alzheimers disorders on attention (Fan et al., 2015). As depicted in the above graph, the plots indicated the percentage of times the participants reported observing the first or the second of the target letters (different lines) within a stream as a function of the separation between letters. The separation of zero implies solely the first letter was actually exposed. The expected results is that the percentage of the reports for the first letter have no much variations with separation. For the second target letter, however, there needs to be few reports at the separation zero while the percentage of reports increasing with separation (Choisdealbha et al., 2017). The results indicate that a mindful states induction changes how distractor is processed while involved in primary task. The principle discovery from this experiment remains consistent with mindfulness raising monitoring of environment, and particularly implicate nurturing of better conscious awareness. Based on the above findings, it is suggested that merely characterizing mindfulness as enhancing attention could not perform any justice to nuances of its impacts (Asplund et al., 2014). The application of the above findings are that mindfulness will improve the attentional blink and, hence, can help avoid collisions in driving simulations that are often associated with inattentional blindness. The driving behaviour can thus be improved when brief mindfulness interventions are applied in context of driving to boost the detectability of unexpected risks of collision (Slagter et al., 2016). References Asplund, C. L., Fougnie, D., Zughni, S., Martin, J. W., Marois, R. (2014). The attentional blink reveals the probabilistic nature of discrete conscious perception. Psychological science, 0956797613513810. Choisdealbha, . N., Piech, R. M., Fuller, J. K., Zald, D. H. (2017). Reaching back: the relative strength of the retroactive emotional attentional blink. Scientific Reports, 7. Fan, Y., Tang, Y. Y., Tang, R., Posner, M. I. (2015). Time course of conflict processing modulated by brief meditation training. Frontiers in psychology, 6, 911. Lippelt, D. P., Hommel, B., Colzato, L. S. (2014). Focused attention, open monitoring and loving kindness meditation: effects on attention, conflict monitoring, and creativityA review. Frontiers in psychology, 5, 1083. Malinowski, P., Moore, A. W., Mead, B. R., Gruber, T. (2015). Mindful aging: the effects of regular brief mindfulness practice on electrophysiological markers of cognitive and affective processing in older adults. Mindfulness, 1-17. Moore, A. W., Gruber, T., Derose, J., Malinowski, P. (2012). Regular, brief mindfulness meditation practice improves electrophysiological markers of attentional control. Frontiers in human neuroscience, 6, 18. Mrazek, M. D., Franklin, M. S., Phillips, D. T., Baird, B., Schooler, J. W. (2013). Mindfulness training improves working memory capacity and GRE performance while reducing mind wandering. Psychological science, 24(5), 776-781. Schofield, T. P., Creswell, J. D., Denson, T. F. (2015). Brief mindfulness induction reduces inattentional blindness. Consciousness and cognition, 37, 63-70. Slagter, H. A., Lutz, A., Greischar, L. L., Francis, A. D., Nieuwenhuis, S., Davis, J. M., Davidson, R. J. (2007). Mental training affects distribution of limited brain resources. PLoS Biol, 5(6), e138. Slagter, H. A., van Wouwe, N. C., Kanoff, K., Grasman, R. P. P. P., Claassen, D. O., van den Wildenberg, W. P. M., Wylie, S. A. (2016). Dopamine and temporal attention: An attentional blink study in Parkinson's disease patients on and off medication. Neuropsychologia, 91, 407-414. Tang, Y. Y., Posner, M. I. (2009). Attention training and attention state training. Trends in cognitive sciences, 13(5), 222-227.

Wednesday, December 4, 2019

The Role of Fdi in India Essay Example

The Role of Fdi in India Essay FDI Policy in India FDI as defined in Dictionary of Economics (Graham Bannock et. al) is investment in a foreign country through the acquisition of a local company or the establishment there of an operation on a new (Greenfield) site. To put in simple words, FDI refers to capital inflows from abroad that is invested in or to enhance the production capacity of the economy. [3] Foreign Investment in India is governed by the FDI policy announced by the Government of India and the provision of the Foreign Exchange Management Act (FEMA) 1999. The Reserve Bank of India (‘RBI’) in this regard had issued a notification,[4] which contains the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000. This notification has been amended from time to time. The Ministry of Commerce and Industry, Government of India is the nodal agency for motoring and reviewing the FDI policy on continued basis and changes in sectoral policy/ sectoral equity cap. The FDI policy is notified through Press Notes by the Secretariat for Industrial Assistance (SIA), Department of Industrial Policy and Promotion (DIPP). The foreign investors are free to invest in India, except few sectors/activities, where prior approval from the RBI or Foreign Investment Promotion Board (‘FIPB’) would be required. FDI Policy with Regard to Retailing in India It will be prudent to look into Press Note 4 of 2006 issued by DIPP and consolidated FDI Policy issued in October 2010[5] which provide the sector specific guidelines for FDI with regard to the conduct of trading activities. a) FDI up to 100% for cash and carry wholesale trading and export trading allowed under the automatic route. ) FDI up to 51 % with prior Government approval (i. e. FIPB) for retail trade of ‘Single Brand’ products, subject to Press Note 3 (2006 Series)[6]. c) FDI is not permitted in Multi Brand Retailing in India. Entry Options For Foreign Players prior to FDI Policy Although prior to Jan 24, 2006, FDI was not authorised in retailing, most general players had been operating in the country. Some of entrance routes u sed by them have been discussed in sum as below:- 1. Franchise Agreements We will write a custom essay sample on The Role of Fdi in India specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Role of Fdi in India specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Role of Fdi in India specifically for you FOR ONLY $16.38 $13.9/page Hire Writer It is an easiest track to come in the Indian market. In franchising and commission agents’ services, FDI (unless otherwise prohibited) is allowed with the approval of the Reserve Bank of India (RBI) under the Foreign Exchange Management Act. This is a most usual mode for entrance of quick food bondage opposite a world. Apart from quick food bondage identical to Pizza Hut, players such as Lacoste, Mango, Nike as good as Marks as good as Spencer, have entered Indian marketplace by this route. 2. Cash And Carry Wholesale Trading 00% FDI is allowed in wholesale trading which involves building of a large distribution infrastructure to assist local manufacturers. [7] The wholesaler deals only with smaller retailers and not Consumers. Metro AG of Germany was the first significant global player to enter India through this route. 3. Strategic Licensing Agreements Some foreign brands give exclusive licences and distribution rights to Indian companies. Through these rights, Indian compan ies can either sell it through their own stores, or enter into shop-in-shop arrangements or distribute the brands to franchisees. Mango, the Spanish apparel brand has entered India through this route with an agreement with Piramyd, Mumbai, SPAR entered into a similar agreement with Radhakrishna Foodlands Pvt. Ltd 4. Manufacturing and Wholly Owned Subsidiaries. The foreign brands such as Nike, Reebok, Adidas, etc. that have wholly-owned subsidiaries in manufacturing are treated as Indian companies and are, therefore, allowed to do retail. These companies have been authorised to sell products to Indian consumers by franchising, internal distributors, existent Indian retailers, own outlets, etc. For instance, Nike entered through an exclusive licensing agreement with Sierra Enterprises but now has a wholly owned subsidiary, Nike India Private Limited. FDI in Single Brand Retail The Government has not categorically defined the meaning of â€Å"Single Brand† anywhere neither in any of its circulars nor any notifications. In single-brand retail, FDI up to 51 per cent is allowed, subject to Foreign Investment Promotion Board (FIPB) approval and subject to the conditions mentioned in Press Note 3[8] that (a) only single brand products would be sold (i. . , retail of goods of multi-brand even if produced by the same manufacturer would not be allowed), (b) products should be sold under the same brand internationally, (c) single-brand product retail would only cover products which are branded during manufacturing and (d) any addition to product categories to be sold under â€Å"single-brand† would require fresh approval from the government. While the phrase ‘sing le brand’ has not been defined, it implies that foreign companies would be allowed to sell goods sold internationally under a ‘single brand’, viz. Reebok, Nokia, Adidas. Retailing of goods of multiple brands, even if such products were produced by the same manufacturer, would not be allowed. Going a step further, we examine the concept of ‘single brand’ and the associated conditions: FDI in ‘Single brand’ retail implies that a retail store with foreign investment can only sell one brand. For example, if Adidas were to obtain permission to retail its flagship brand in India, those retail outlets could only sell products under the Adidas brand and not the Reebok brand, for which separate permission is required. If granted permission, Adidas could sell products under the Reebok brand in separate outlets. what is a ‘brand’? Brands could be classified as products and multiple products, or could be manufacturer brands and own-label brands. Assume that a company owns two leading international brands in the footwear industry – say ‘A’ and ‘R’. If the corporate were to obtain permission to retail its brand in India with a local partner, it would need to specify which of the brands it would sell. A reading of the government release indicates that A and R would need separate approvals, separate legal entities, and may be even separate stores in which to operate in India. However, it should be noted that the retailers would be able to sell multiple products under the same brand, e. g. , a product range under brand ‘A’ Further, it appears that the same joint venture partners could operate various brands, but under separate legal entities Now, taking an example of a large departmental grocery chain, prima facie it appears that it would not be able to enter India. These chains would, typically, source products and, thereafter, brand it under their private labels. Since the regulations require the products to be branded at the manufacturing stage, this model may not work. The regulations appear to discourage own-label products and appear to be tilted heavily towards the foreign manufacturer brands There is ambiguity in the interpretation of the term ‘single brand’. The existing policy does not clearly codify whether retailing of goods with sub-brands bunched under a major parent brand can be considered as single-brand retailing and, accordingly, eligible for 51 per cent FDI. Additionally, the question on whether co-branded goods (specifically branded as such at the time of manufacturing) would qualify as single brand retail trading remains unanswered. FDI in Multi Brand Retail The government has also not defined the term Multi Brand. FDI in Multi Brand retail implies that a retail store with a foreign investment can sell multiple brands under one roof. In July 2010, Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce circulated a discussion paper[11] on allowing FDI in multi-brand retail. The paper doesn’t suggest any upper limit on FDI in multi-brand retail. If implemented, it would open the doors for global retail giants to enter and establish their footprints on the retail landscape of India. Opening up FDI in multi-brand retail will mean that global retailers including Wal-Mart, Carrefour and Tesco can open stores offering a range of household items and grocery directly to consumers in the same way as the ubiquitous ’kirana’ store. Foreign Investor’s Concern Regarding FDI Policy in India For those brands which adopt the franchising route as a matter of policy, the current FDI Policy will not make any difference. They would have preferred that the Government liberalize rules for maximizing their royalty and franchise fees. They must still rely on innovative structuring of franchise arrangements to maximize their returns. Consumer durable majors such as LG and Samsung, which have exclusive franchisee owned stores, are unlikely to shift from the preferred route right away. For those companies which choose to adopt the route of 51% partnership, they must tie up with a local partner. The key is finding a partner which is reliable and who can also teach a trick or two about the domestic market and the Indian consumer. Currently, the organized retail sector is dominated by the likes of large business groups which decided to diversify into retail to cash in on the boom in the sector – corporates such as Tata through its brand Westside, RPG Group through Foodworld, Pantaloon of the Raheja Group and Shopper’s Stop. Do foreign investors look to tie up with an existing retailer or look to others not necessarily in the business but looking to diversify, as many business groups are doing? An arrangement in the short to medium term may work wonders but what happens if the Government decides to further liberalize the regulations as it is currently contemplating? Will the foreign investor terminate the agreement with Indian partner and trade in market without him? Either way, the foreign investor must negotiate its joint venture agreements carefully, with an option for a buy-out of the Indian partner’s share if and when regulations so permit. They must also be aware of the regulation which states that once a foreign company enters into a technical or financial collaboration with an Indian partner, it cannot enter into another joint venture with another Indian company or set up its own subsidiary in the ‘same’ field’ without the first partner’s consent if the joint venture agreement does not provide for a ‘conflict of interest’ clause. In effect, it means that foreign brand owners must be extremely careful whom they choose as partners and the brand they introduce in India. The first brand could also be their last if they do not negotiate the strategic arrangement diligently. Concerns for the Government for only Partially Allowing FDI in Retail Sector A number of concerns were expressed with regard to partial opening of the retail sector for FDI. The Hon’ble Department Related Parliamentary Standing Committee on Commerce, in its 90th Report, on ‘Foreign and Domestic Investment in Retail Sector’, laid in the Lok Sabha and the Rajya Sabha on 8 June, 2009, had made an in-depth study on the subject and identified a number of issues related to FDI in the retail sector. These included: It would lead to unfair competition and ultimately result in large-scale exit of domestic retailers, especially the small family managed outlets, leading to large scale displacement of persons employed in the retail sector. Further, as the manufacturing sector has not been growing fast enough, the persons displaced from the retail sector would not be absorbed there. Another concern is that the Indian retail sector, particularly organized retail, is still under-developed and in a nascent stage and that, therefore, it is important that the domestic retail sector is allowed to grow and consolidate first, before opening this sector to foreign investors. Antagonists of FDI in retail sector oppose the same on various grounds, like, hat the entry of large global retailers such as Wal-Mart would kill local shops and millions of jobs, since the unorganized retail sector employs an enormous percentage of Indian population after the agriculture sector; secondly that the global retailers would conspire and exercise monopolistic power to raise prices and monopolistic (big buying) power to reduce the prices received by the suppliers; thirdly, it would lead to asymmetrical growth in cities, causing discontent and soci al tension elsewhere. Hence, both the consumers and the suppliers would lose, while the profit margins of such retail chains would go up. LIMITATIONS OF   THE PRESENT SETUP Infrastructure There has been a lack of investment in the logistics of the retail chain, leading to an inefficient market mechanism. Though India is the second largest producer of fruits and vegetables (about 180 million MT), it has a very limited integrated cold-chain infrastructure, with only 5386 stand-alone cold storages, having a total capacity of 23. 6 million MT. , 80% of this is used only for potatoes. The chain is highly fragmented and hence, perishable horticultural commodities find it difficult to link to distant markets, including overseas markets, round the year. Storage infrastructure is necessary for carrying over the agricultural produce from production periods to the rest of the year and to prevent distress sales. Lack of adequate storage facilities cause heavy losses to farmers in terms of wastage in quality and quantity of produce in general. Though FDI is permitted in cold-chain to the extent of 100%, through the automatic route, in the absence of FDI in retailing; FDI flow to the sector has not been significant. Intermediaries dominate the value chain Intermediaries often flout mandi norms and their pricing lacks transparency. Wholesale regulated markets, governed by State APMC Acts, have developed a monopolistic and non-transparent character. According to some reports, Indian farmers realize only 1/3rd of the total price paid by the final consumer, as against 2/3rd by farmers in nations with a higher share of organized retail. Improper Public Distribution System (â€Å"PDS†) There is a big question mark on the efficacy of the public procurement and PDS set-up and the bill on food subsidies is rising. In spite of such heavy subsidies, overall food based inflation has been a matter of great concern. The absence of a ‘farm-to-fork’ retail supply system has led to the ultimate customers paying a premium for shortages and a charge for wastages. No Global Reach The Micro Small Medium Enterprises (â€Å"MSME†) sector has also suffered due to lack of branding and lack of avenues to reach out to the vast world markets. While India has continued to provide emphasis on the development of MSME sector, the share of unorganised sector in overall manufacturing has declined from 34. % in 1999-2000 to 30. 3% in 2007-08[12]. This has largely been due to the inability of this sector to access latest technology and improve its marketing interface. Rationale behind Allowing FDI in Retail Sector FDI can be a powerful catalyst to spur competition in the retail industry, due to the current scenario of low competition and poor productivity. The policy of single-brand retail was adopt ed to allow Indian consumers access to foreign brands. Since Indians spend a lot of money shopping abroad, this policy enables them to spend the same money on the same goods in India. FDI in single-brand retailing was permitted in 2006, up to 51 per cent of ownership. Between then and May 2010, a total of 94 proposals have been received. Of these, 57 proposals have been approved. An FDI inflow of US$196. 46 million under the category of single brand retailing was received between April 2006 and September 2010, comprising 0. 16 per cent of the total FDI inflows during the period. Retail stocks rose by as much as 5%. Shares of Pantaloon Retail (India) Ltd ended 4. 84% up at Rs 441 on the Bombay Stock Exchange. Shares of Shopper’s Stop Ltd rose 2. 02% and Trent Ltd, 3. 19%. The exchange’s key index rose 173. 04 points, or 0. 99%, to 17,614. 48. But this is very less as compared to what it would have been had FDI upto 100% been allowed in India for single brand. The policy of allowing 100% FDI in single brand retail can benefit both the foreign retailer and the Indian partner – foreign players get local market knowledge, while Indian companies can access global best management practices, designs and technological knowhow. By partially opening this sector, the government was able to reduce the pressure from its trading partners in bilateral/ multilateral negotiations and could demonstrate India’s intentions in liberalising this sector in a phased manner. Permitting foreign investment in food-based retailing is likely to ensure adequate flow of capital into the country its productive use, in a manner likely to promote the welfare of all sections of society, particularly farmers and consumers. It would also help bring about improvements in farmer income agricultural growth and assist in lowering consumer prices inflation. Apart from this, by allowing FDI in retail trade, India will significantly flourish in terms of quality standards and consumer expectations, since the inflow of FDI in retail sector is bound to pull up the quality standards and cost-competitiveness of Indian producers in all the segments. It is therefore obvious that we should not only permit but encourage FDI in retail trade. Lastly, it is to be noted that the Indian Council of Research in International Economic Relations (ICRIER), a premier economic think tank of the country, which was appointed to look into the impact of BIG capital in the retail sector, has projected the worth of Indian retail sector to reach $496 billion by 2011-12 and ICRIER has also come to conclusion that investment of ‘big’ money (large corporates and FDI) in the retail sector would in the long run not harm interests of small, traditional, retailers. In light of the above, it can be safely concluded that allowing healthy FDI in the retail sector would not only lead to a substantial surge in the country’s GDP and overall economic development, but would inter alia also help in integrating the Indian retail market with that of the global retail market in addition to providing not just employment but a better paying employment, which the unorganized sector (kirana and other small time retailing shops) have undoubtedly failed to provide to the masses employed in them. Industrial organisations such as CII, FICCI, US-India Business Council (USIBC), the American Chamber of Commerce in India, The Retail Association of India (RAI) and Shopping Centers Association of India (a 44 member association of Indian multi-brand retailers and shopping malls) favour a phased approach toward liberalising FDI in multi-brand retailing, and most of them agree with considering a cap of 49-51 per cent to start with. The international retail players such as Walmart, Carrefour, Metro, IKEA, and TESCO share the same view and insist on a clear path towards 100 per cent opening up in near future. Large multinational retailers such as US-based Walmart, Germany’s Metro AG and Woolworths Ltd, the largest Australian retailer that operates in wholesale cash-and-carry ventures in India, have been demanding liberalisation of FDI rules on multi-brand retail for some time. Thus, as a matter of fact FDI in the buzzing Indian retail sector should not just be freely allowed but per contra should be significantly encouraged. Allowing FDI in multi brand retail can bring about Supply Chain Improvement, Investment in Technology, Manpower and Skill development,Tourism Development, Greater Sourcing From India, Upgradation in Agriculture, Efficient Small and Medium Scale Industries, Growth in market size and Benefits to government through greater GDP, tax income and employment generation. Prerequisites before allowing FDI in Multi Brand Retail and Lifting Cap of Single Brand Retail FDI in multi-brand retailing must be dealt cautiously as it has direct impact on a large chunk of population. Left alone foreign capital will seek ways through which it can only multiply itself, and unthinking application of capital for profit, given our peculiar socio-economic conditions, may spell doom and deepen the gap between the rich and the poor. Thus the proliferation of foreign capital into multi-brand retailing needs to be anchored in such a way that it results in a win-win situation for India. This can be done by integrating into the rules and regulations for FDI in multi-brand retailing certain inbuilt safety valves. For example FDI in multi –brand retailing can be allowed in a calibrated manner with social safeguards so that the effect of possible labour dislocation can be analyzed and policy fine tuned accordingly. To ensure that the foreign investors make a genuine contribution to the development of infrastructure and logistics, it can be stipulated that a percentage of FDI should be spent towards building up of back end infrastructure, logistics or agro processing units. Reconstituting the poverty stricken and stagnating rural sphere into a forward moving and prosperous rural sphere can be one of the justifications for introducing FDI in multi-brand retailing. To actualize this goal it can be stipulated that at least 50% of the jobs in the retail outlet should be reserved for rural youth and that a certain amount of farm produce be procured from the poor farmers. Similarly to develop our small and medium enterprise (SME), it can also be stipulated that a minimum percentage of manufactured products be sourced from the SME sector in India. PDS is still in many ways the life line of the people living below the poverty line. To ensure that the system is not weakened the government may reserve the right to procure a certain amount of food grains for replenishing the buffer. To protect the interest of small retailers the government may also put in place an exclusive regulatory framework. It will ensure that the retailing giants do resort to predatory pricing or acquire monopolistic tendencies. Besides, the government and RBI need to evolve suitable policies to enable the retailers in the unorganized sector to expand and improve their efficiencies. If Government is allowing FDI, it must do it in a calibrated fashion because it is politically sensitive and link it (with) up some caveat from creating some back-end infrastructure. Further, To take care of the concerns of the Government before allowing 100% FDI in Single Brand Retail and Multi- Brand Retail, the following recommendations are being proposed :- Preparation of a legal and regulatory framework and enforcement mechanism to ensure that large retailers are not able to dislocate small retailers by unfair means. Extension of institutional credit, at lower rates, by public sector banks, to help improve efficiencies of small retailers; undertaking of proactive programme for assisting small retailers to upgrade themselves. Enactment of a National Shopping Mall Regulation Act to regulate the fiscal and social aspects of the entire retail sector. Formulation of a Model Central Law regarding FDI of Retail Sector Important highlights of Economic Outlook 2011-12 Agriculture grew at 6. 6% in 2010-11. This year’s monsoon is projected to be in the range of 90 to 96 per cent, based on which Agriculture sector is pegged to grow at 3. % in 2011-12! Industry grew at 7. 9% in 2010-11. Projected to grow at 7. 1% in 2011-12 Services grew at 9. 4% in 2009-10. Projected to grow at 10. 0% in 2011-12 Investment rate projected at 36. 4% in 2010-11 and 36. 7% in 2011-12 Domestic savings rate as ratio of GDP projected at 33. 8% in 2010-11 34. 0% in 2011-12 Current Account deficit is $44. 3 billion (2. 6% of GDP) in 2010-11 and projected at $54. 0 billion (2. 7% of GDP) in 2011-12 Merchandise trade deficit is $ 130. 5 billion or 7. 59% of the GDP in 2010-11 and projected at $154. 0 billion or 7. % of GDP in 2011-12 Invisibles trade surplus is $ 86. 2 billion or 5. 0% of the GDP in 2010-11 and projected at $100. 0 billion or 5. 0% in 2011-12 Capital flows at $61. 9 billion in 2010-11 and projected at $72. 0 billion in 2011-12 FDI inflows projected at $35 billion in 2011/12 against the level of $23. 4 billion in 2010-11 FII inflows projected to be $14 billion which is less than half that of the last year i. e $30. 3 billion Accretion to reserves was $15. 2 billion in 2010-11. Projected at $18. 0 billion in 2011-12 Inflation rate would continue to be at 9 per cent in the month of July-October 2011. There will be some relief starting from November and will decline to 6. 5% in March 2012. Foreign direct investment; net (BoP; US dollar) in India The Foreign direct investment; net (BoP; US dollar) in India was last reported at 11008159606. 75 in 2010, according to a World Bank report released in 2011. The Foreign direct investment; net (BoP; US dollar) in India was 19668790288. 40 in 2009, according to a World Bank report, published in 2010. The Foreign direct investment; net (BoP; US dollar) in India was reported at 24149749829. 71 in 2008, according to the World Bank. Foreign direct investment is net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows total net, that is, net FDI in the reporting economy from foreign sources less net FDI by the reporting economy to the rest of the world. Data are in current U. S. dollars. This page includes a historical data chart, news and forecast for Foreign direct investment; net (BoP; US dollar) in India. Indias diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Services are the major source of economic growth, accounting for more than half of Indias output with less than one third of its labour force. The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points. Total 933. 2 100 2705. 0 100 231530. 1 100

Wednesday, November 27, 2019

Intro to site Essays - United States Presidential Inaugurations

Intro to site im kind of a big deal. sometimes im a bigger deal than i think, then i realize tht i am a really big deal. People know me. I have a lot of lesther-bound books. I ate a caterpillar once and my stomach got butterflies. oh my god, how many words do i have to write before this paper is of good enough quality to let me on the site? This has already been like 6 sentences. I might need to stop soon to get food and water and neflix and food and netflix. Life is so hard.. i only want to use this site to get at one essay and im writing an essay to get the essay and its totally not time-efficient at all. Im going to just quote JFK's inaugural speech now. "Vice President Johnson, Mr. Speaker, Mr. Chief Justice, President Eisenhower, Vice president Nixon, President Truman, Reverend Clergy, fellow citizens: We observe today not a victory of party but a celebration of freedom--symbolizing an end as well as a beginning--signifying renewal as well as change. For I have sworn before you and Almighty God the same solemn oath our forebears prescribed nearly a century and three quarters ago. The world is very different now. For man holds in his mortal hands the power to abolish all forms of human poverty and all forms of human life. And yet the same revolutionary beliefs for which our forebears fought are still at issue around the globe-the belief that the rights of man come not from the generosity of the state but from the hand of God. We dare not forget today that we are the heirs of that first revolution. Let the word go forth from this time and place, to FRIENDand foe alike, that the torch has been passed to a new generation of Americans--born in this century, tempered by war, disciplined by a hard and bitter peace, proud of our ancient heritage--and unwilling to witness or permit the slow undoing of those human rights to which this nation has always been committed, and to which we are committed today at home and around the world. Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty. This much we pledge--and more. To those old allies whose cultural and spiritual origins we share, we pledge the loyalty of faithful friends. United, there is little we cannot do in a host of cooperative ventures. Divided, there is little we can do--for we dare not meet a powerful challenge at odds and split asunder. To those new states whom we welcome to the ranks of the free, we pledge our word that one form of colonial control shall not have passed away merely to be replaced by a far more iron tyranny. We shall not always expect to find them supporting our view. But we shall always hope to find them strongly supporting their own freedom-and to remember that, in the past, those who foolishly sought power by riding the back of the tiger ended up inside. To those peoples in the huts and villages of half the globe struggling to break the bonds of mass misery, we pledge our best efforts to help them help themselves, for whatever period is required--not because the communists may be doing it, not because we seek their votes, but because it is right. If a free society cannot help the many who are poor, it cannot save the few who are rich. To our sister republics south of our border, we offer a special pledge--to convert our good words into good deeds--in a new alliance for progress--to assist free men and free governments in casting off the chains of poverty. But this peaceful revolution of hope cannot become the prey of hostile powers. Let all our neighbors know that we shall join with them to oppose aggression or subversion anywhere in the Americas. And let every other power know that this Hemisphere intends to remain the master of its own house. To that world assembly of sovereign states, the United Nations, our last best hope

Sunday, November 24, 2019

Toxic Waste Effects1 essays

Toxic Waste Effects1 essays Canada and all of the developed countries in the world produce some kind of toxic waste(s). It doesn't matter whether it's a chocolate bar wrapper or a canister of highly radioactive plutonium, they're potentially dangerous to us and/or our natural environment unless properly disposed of. Toxic waste is defined as any waste that is hazardous to human health or to our natural environment. According to the Institute of Chemical Waste Management, about 15% of our garbage is classified as toxic, and only 85% (approximately) of that is disposed of properly. The rest is either illegally dumped or accidentally mixed up with non-toxic garbage. That 15% may not seem like a lot, but when you consider the millions of tons of toxic waste that we produce every year, that 15% is enormous. The Environmental Protection Agency (EPA) estimates that we produce one ton of toxic wastes for every single person living in Canada every year. That means that the 15% represents about 4.2 million tons of toxic waste. Toxic wastes which are dumped in improper sites can seep into underground water supplies and contaminate huge areas. If the land that is intoxicated supports plant life, most of the plants and trees will die off. If the area is lived on by humans, it could cause serious illness or death. For example, an area by Niagara Falls (US side) was used during the 1930s by a chemical company to dump it's wastes. Most of them were hazardous, and the containers that held the chemicals later (after the company had gone out of business) began to leak. The chemicals spread for miles killing off plants and causing cancers and deadly diseases in humans. Included in these wastes was a chemical called dioxin... one ounce of it used under the right circumstances was enough to kill off everyone in One of the most popular places to dump toxic wastes is in the oceans. ...

Thursday, November 21, 2019

Reading and Comprehension of texts Essay Example | Topics and Well Written Essays - 1250 words

Reading and Comprehension of texts - Essay Example The title of the poem is â€Å"Death of a Naturalist†. Through analysis of the title, an individual can understand the themes of the poem. Moreover, the classroom setting of the poem indicates safety and danger as the teacher uses expressions such as â€Å"daddy frog† to give various examples of safety and danger. Besides, ideas of safety nightmarish images and ideas of safety and danger such as the use of words like the "punishing sun" and "Flax had rotted there." The purpose of the text is to show the dangers involved throughout a Childs life incorporating challenges of nature by using a frog. Additionally, nature is represented as an educational force in a Childs life. The safety and danger of situations among children develops in the poem since in the last stanza, and Heaney says that good times represent by the presentation of the weather. Frogs are yellow in the sun to represent danger while they are brown in the rain to represent safety. The reading of texts such as poems generates knowledge without involving teachers. The main points in the text reflect the challenges of safety and danger experienced by children. Some of the points that indicate safety in the poem includes flax-dam fostered in the heart. It appears in the first stanza and reveals various aspects of safety that a child should have. Besides, the sixth line of the poem, reads, â€Å"Wove strong gauze of sound around the smell,† .It represents dangers within the environment that a child need to notice and take necessary steps to escape from danger. The title of the novel is â€Å"The One Thing Needful†. The novel reflects hard times by booking the first sowing. Moreover, the author insists on the importance of facts among boys and girls. Additionally, it points out the importance of facts, as the only thing wanted in life since it’s a part that forms enhances rational thought. Sticking to facts should be the core principle parents bring up their children. The

Wednesday, November 20, 2019

Armageddon--A Movie Review Example | Topics and Well Written Essays - 500 words

Armageddon--A - Movie Review Example The combination of drama, love story, and humor helped in the development of plot, although the main story is about a rogue comet about to hit the Earth’s surface, which would define the fulfillment of the Armageddon prophecy found in the Book of Revelations in the Bible. The comet possesses a gigantic size that it would be impossible to destroy it using a nuclear weapon coming from the Earth’s surface, which leaves NASA to the possibility of drilling down to the comet itself, splitting it to half and preventing it from impacting the planet. Deep Impact, a movie of the same genre came out before Armageddon. However, according to Leong, Armageddon has done what Deep Impact has failed to do. Deep Impact failed to leave an emotional mark to its audience due to an excessive presentation of characters and vague subplots. Armageddon on the other hand, provided a cathartic effect to its viewers, in the array of professional and award-winning actors. A favorite scene would include the part when Grace Stamper (Liv Tyler) and her dad Harry (Bruce Willis) exchange goodbyes through a television monitor live where the comet is located (Armageddon).

Sunday, November 17, 2019

Feasibility. A Guide for Small Business Research Paper

Feasibility. A Guide for Small Business - Research Paper Example The feasibility study of B2B market gives a brief view on the product, technology used in the operational process. The study also states the market environment which includes competitions in the market, existing industry and the business model. Apart from this, various other strategies have been stated in the feasibility study including the marketing and selling strategies, production and management requirements along with financial projections for one year of the business plan. Products and Services Considering the present market scenario, the toy company has selected a range of innovative products to deal with AGI in B2B market. The selected product is intended towards the little children of Brooklyn. With this concern, the toy company has selected three distinct categories of toys to be introduced in the market, i.e. Toy A (TA) for the age group of 1 year to 3 years, Toy B (TB) is for the age group of 4 years to 6 years and Toy C (TC) for the age group of 7 years to 10 years. Henc e, the toy company will be introducing musical soft toys for the TA product range which will emphasize on the adoption of nursery rhymes and other educational themes rendering due concern towards the mental development of children at this age. The company will further attempt to introduce talking pens for the product line TB and science station educational toys for the product line of TC. ... AGI is fundamentally known for its different types of innovative greetings cards and toys. In this regards, it has been found that AGI serves its consumers with innovative greeting cards; however, the market for innovative toys still remains unexplored by the company (American Greetings, 2012). By analyzing the market it can be stated that the toy company has certain advantages for its product lines in dealing with AGI. AGI is well known for distributing innovative greeting cards and regular toys. However company is noted to have minimum inclusion in the innovative toy segment in comparison to its involvement cards segments. This can offer noteworthy opportunity for the toy company as a supplier of AGI. Technology Introducing new innovative toys in the American market certainly needs modernized technology in its manufacturing unit. While manufacturing toys, the toy company will consider exact technology for selected toys concerning the fact that the requirement varies with different kinds of toys. With this concern, the toy company used basic materials and technologies to manufacture Toy A. The requirements has been planned concentrating on soft baby toys which should be made up of cotton and cloths with attractive color and an electronic device run by battery cell for music. The procedure used for manufacturing Toy A product line is by placing electronic device inside the soft toys so that it is invisible to everyone and stays away from the reach of the children. In similar aspect, different technologies are intended to be used for manufacturing of Toy B product line, with the use of wood or plastic with attractive colors and designs with electronic devices inside it which can speak when the pen is in use and thus can be used by

Friday, November 15, 2019

Travel And Tourism Industry Is Growing Tourism Essay

Travel And Tourism Industry Is Growing Tourism Essay Preparation First and foremost, the angle is preparation. Preparation is an important thing for people that want to travel. A good preparation before travel will lead to a much enjoyable trip. These days travel and tourism industry is growing very fast. Firstly, to prepare for the trip, researches are first done to know more about the country. Nowadays, all the travel agencies are well connected to various hotels, airlines, and railway agencies. So, the tourists of tour do not have to spend extra time preparing the itinerary. Besides that, travel agencies serve their clients by providing best tour packages at cheaper rates. Thats why, these tour packages is very much in fashion these days. These packages have their own benefits. On the other hand, if tourist prefers to travel in the FE method, researches regarding accommodation, food, travel spots, or transportation have to be done personally through the internet or by personal experience from others. Other than that, the checklist of that tour and free and easy preparation are different. If go with a tour, travelling agencies has taken the courtesy to come up with a check list of necessary documents and necessities before travelling. Furthermore, travel agencies will always remind the tourist to bring the necessities before go for travel. In this case, tourist may travel comfortably. But for FE, checklist must be created by you, if you remember to create one. One of the benefits of creating your own personal check list is clearly because it would be more personal and intimate. Anyway, tourist that travels with free and easy have to always bear in mind to bring things in the checklist before travelling because no one will remind the tourists unlike tour. Time Second angle would be time. Time is very crucial element. This is because every second wasted during the trip, is every second lost, therefore time management is very important. By following a tour, tourist is guaranteed to enjoy the trip to the fullest extent. The whole trip is scheduled specially for different types of tourist, for example, shopping tours, historical tours, and relaxing tours. But, there is always a price to pay for all this convenience. The scheduled is so packed that sometime, only a short limit of time is applied to each travel spot. Hence tourists do not have the option to stay back or just go. Punctuality is most likely to be favored. However, in the FE tour, the whole trip is literally, prepared and done by the same tourist. Thus, tourists are able to provide a looser schedule or itinerary. Besides that, sudden change to the trip is always applicable. In this case, punctuality is not an effecting variable. Cost Next the third angle would be cost of expense. The cost of these two trips varies greatly. It can be different in two different aspect, flexibility of cost and budgeting the cost of expense. Tour is said to be less flexible because tourist have to pay a fixed amount of money for any relevant package they chose. Example, if a tourist wanted to visit Indonesia, if he is taking a tour he is only had a choice to pay RM2000 to go to Jakarta. As for the FE tour, it is much more flexible. Tourist may cut off and add in any expenditure during the trip and just travel the place they wanted to visit. For example, another tourist that wanted to visit Indonesia and he doesnt want to follow by tour he can choose where ever place to visit other than Jakarta. As for the budgeting of the cost of expense, the tours travelling package has already included everything from accommodation, air ticket, foods and others with a fix amount of money. The only budget to work out is for shopping or emergency use. But if following the FE, all of the above cost included in the tour has to calculated and figured out carefully because of its tight budget so that we wont over spend our money for unnecessary things. Safety Fourth angle would be safety issues. Safety is a very important factor when travelling. Visiting foreign places exposes the tourist into danger constantly because, due unfamiliar with the new place. Travelling by tour is said to be more secured because a tour guide is much more familiar with the trip and is responsible to put their clients safety as first priority. On the other hand, travelling in FE tourists safety is not assured to the maximum. Furthermore, cheaters usually pick on small group of foreign tourist to cheat on for their money, properties, and sexual violations too. Moreover, travel agencies make it a must for every client of theirs to first purchase travel insurance before travelling with them. Normally the insurance fees are already included together with the tour package. Therefore, obviously, there is much more level of protection. For FE insurance is an option to choose. Experience The experiences that tour tourists gain are different from free and easy tourists. Firstly, the people that tour meet are different from free and easy. In a tour, tourists are travelling in a big group, tourists have the chance of making new friends during the trip. Other than that, the fact that they all originated from the same country, communication is not a problem. After the trip, they are possible to become good friends. For free and easy, like hitch hiking it is normally done in a small group and usually good and close friends. Thus, they may not have the opportunity to social actively with the people of the country, but free and easy tourists have more opportunities to interact with the locals. For example, free and easy is more flexible though out the whole trip, they can choose things that they want to explore base on their desire and their time are always adjustable compare to the tour that is fully scheduled by travel agency, so free and easy tourists have more chances to interact with the locals peoples and explore the locals culture. Next, the commercial experience for tour and free and easy are not similar. When travelling with a tour, usually the travel agencies have a contract with local business in the country to make extra income that can lead to a raise in the economy for the particular country. Business for example, restaurants, shopping malls, galleries, local product shops will be a must stop for the tour. But for the free and easy, like hitch hikers normally look forward to the countrys beautiful scenery, local delicacies, local people, local culture and a whole new different experience. Ordinarily, tourist that takes this trip is to escape from the urban stress and not to face commercial promotions. Benefits The last angle is which method of traveling is most beneficial. Most of the time tourist will prefer travelling with the most convenient and discount rates. Convenience is very important when travelling because tourist expect to have least amount of stress and prefers to just sit back and relax. For that result, taking a packaged tour is most likely to be the best choice. By just choosing which country and they wish to explore any time of the year will do the deal, the else are all taken care by the agency itself. Furthermore, travel agencies has already commercialized into franchise retailers. In this modern era, everything can be done with the internet too, simplifying the whole process into just a click from a finger. On the other hand, FE will not be as convenient as the packaged tour. Air ticket has to be book much earlier for a cheaper price, and same goes to the hotel bookings too. All of the transaction have to be made via internet paying through credit card services. Any sud den changes will not be permitted as a fine will be charged. Next, travel agencies have connection all a around the world, hence having special promotions and price rates, according to the season. Tourist which prefers to enjoy everything with a simple decision will prefer it very much. Hence, travelling by tour is much more pocket- friendly. FE also has special promotions but only limited to a very short period of time only. In a nutshell, according to the article is most clearly stated that the benefits of taking a tour are much more compared to FE travelling. From six of the angles in the articles, specifically during the preparation of the trip at the beginning, the time consumed for preparation and processing the transaction, all the cost and expenses for tour package or FE tour, safety measurements for the trip, experience comparison among the methods of travelling and benefits awarded during the trip.

Tuesday, November 12, 2019

A Detailed Business Report of One Medium Size or Large Business :: Business Management Studies

A Detailed Business Report of One Medium Size or Large Business I have been asked to produce a detailed business report of one medium size or large business. My well- planned business report should contain: Ø The objectives, organisational structure and communication channels that operate within the business. Ø An examination of how these factors, interrelate in a way that can affect the success of the business. Ø An explanation of how quality assurance and control assurance and control systems help the business to add value to its products. Ø Consideration of alternative methods of quality assurance and control. Ø Consideration of how well the business is meeting its objectives. Ø An explanation of the impact of ICT upon the internal and external communications of the business. E1- The classification of the business according to its ownership, and an explanation of the benefits and constraints of this type of ownership. Mixed Economy – Businesses fall into two categories: A Private Enterprise or a Public Enterprise. In private there are businesses such as sole proprietors, partnerships, limited companies and franchises. In the public section you have public corporations, government departments and local authorities. I have written detailed descriptions of some of these below. Sole Trader - A sole trader is a one-person business, commonly found in trades where only small amounts of finance are required to set up and where there are very few advantages to the existence of larger organisations (e.g. hairdressing, newsagents, market traders). Sole traders often employ waged employees, but they alone have to provide all the finance (often savings and bank loans) and accept all the risks of the business venture. In return, they have full control of the business and enjoy all the profits. A sole trader faces unlimited liability for his/her debts and it is referred to as an unincorporated business – this means that there is no legal difference between the business and the owner. Partnerships – A partnership consists of between 2 and 20 individuals. Each partner is responsible for the debts of the partnership and therefore you would need to choose your partners carefully and draw up an agreement on the responsibilities and rights of each partner. Partnerships are relatively easy to set up and will generate more capital. The most common examples of a partnership are doctor’s surgeries, veterinarians, accountants, solicitors and dentists. Most partners in a partnership face unlimited liability for their debts. The only exception is in a Limited Partnership. This is where a partnership may wish to raise additional finance, but does not wish to take on any new active partners. Private Limited Company - Often private limited companies are small,

Sunday, November 10, 2019

Detailed assessment of The Toy Essay

Introduction I am a student at †¦.College and I am doing The Early Childhood care and education Course FETAC Level 5. One of mandatory modules in this course is Early Childhood Education and Play and The Toy Critique assignment is part of that. I have to choose a toy and write detailed assessment about it. My chosen toy is The Memo Locomotives Puzzle made by Goki. Goki is the name of the brand for high-quality wooden toys at a fair price, ensuring that excellent toys remain affordable. Memo Locomotives puzzle is set of 32 wooden tiles with 4 different, attractive locomotives and comes in hard cardboard box. Each locomotive is in different colour. To connect pieces together child has to look at colours, pictures and shapes, like square and diamond. Aim, Objectives, Rationale My aim of this assignment is to choose a toy that is suitable for children in age group 0-6 years and to assess and to examine it under various headings. I will critique it fewer than 40 criteria points and discuss the toy specific to P.I.L.E.S and the role of the adult in supporting play. I will write up and evaluate my findings and give conclusion and recommendations at the end. I chose to critique Memo Locomotive Puzzle for this assignment because it is a toy that my family members had played with for few years and children really loves it. I have learned that play is not only enjoyable, but it has a value to learning and development as well. It is in play that young children encounter their own learning situations. Play facilitates social skills and helps children to see things from other people’s point of view. Play helps to strengthen the imagination of children and it is  necessary in cognitive development. Through play, children develop a greater ability to concentrate (Flood and Hardy, 2013, pg 47). Aistear recognises the value of play in early learning and development. Section 3 of the Good Practise Guidelines deals with the subject of play and its role in the early childhood curriculum (Flood and Hardy, 2013, p 165) Aistear recognises the enormous body of research that shows that young children (particularly those aged 0-6) learn most effectively through play and that more directive methods do not work but actually curb children’s natural desire to explore and discover (Flood and Hardy, 2013, pg 92). Going through this assignment I want to find out for what type of play and what stage of play. The Memo Locomotive Puzzle is suitable and I want to see how it stands up in relation not only to play but to learning and developmental values too. I will look at adult’s role in play activities regarding this toy and if there are any changes to be made to improve the toy. I will state my conclusion and give my recommendations at the end. List of criteria 1. Name of toy? Puzzle and Memo Locomotives. 2. What is the price range? It can be bought online at amazon.co.uk and it costs 24 euro, shipping is included. 3. What is a brand for it? The brand is Goki. 4. Who is a toy manufacturer? It is Gollnest & Kiesel KG, Germany. 5. Is it ready available? Yes, it is and can be bought online at amazon.co.uk. 6. At what age group is it suitable? It is suitable for children from 2 years of age up to 6 years of age. 7. Is it suitable for boys or girls? It can be played by boys and girls. 8. Does it suit all cultures? Yes, it does. 9. Is it suitable for children with special needs? Yes, it is. There could be some difficulties to use the puzzle if child has specific movement restrictions. 10. Does it suit single or multiple players? It can be played by single child or up to four children. There are 4 locomotive sets in the box and up to 4 children can play with it at the same time. 11. Is it aesthetically pleasing? Yes, it definitely is. The puzzle comes in four bright, contemporary colours: red, blue, yellow and green. There are lovely, colourful, attractive motifs of animals and children illustrated on it. 12. Is it educational? Yes, it is. It promotes physical, intellectual, language, emotional and social development. 13. Does it help to develop language? Yes, it does. Child names colours, shapes and animals and talks about pictures that appear when pieces are connected. 14. Does it develop motor skills? Yes, it does. It is a great builder of fine motor skills as a child has to connect pieces without a glitch to get a complete picture. 15. Does it encourage imaginative play? No, it does not. This toy is more suitable for manipulation type of play. 16. Does this toy have any sensory benefits to the child? Yes, it does. Wood has individual character, smell and texture. This awakens the natural senses and kelps the child to recognize and understand natural materials. 17. What size is it? Does it need a special storage? The puzzle comes in hard cardboard box sized 21x8x5 cm and does not need a special storage; can be easily put on the shelf. 18. Does it require batteries or does it need to be charged? No, it does not require batteries or charging. 19. From what kind of material is it made of? It is a wooden toy. 20. Is it durable? Yes, it is very durable. The puzzle is made from sturdy wood, so it is very hard to cause any damage to it while it is used in playing activities. 21. What kind of texture does it have? It has smooth, even and solid surface with warm feeling. 22. Is it waterproof? It is not waterproof. But I had experienced that a small amount of water does not cause any damage to the toy. 23. Is it washable or does it need special cleaning? It is not washable and does not need special cleaning. It can be cleaned with dump cloth. 24. Is it for use indoor or outdoor? It is for indoor use, but can be played outdoors as well, if it is not too wet. 25. Is it moveable? Yes, it is. Child can move it, for example, from table to ground very easily. 26. Is it portable? Yes, it is. It comes in nice box with lid and is lightweight. 27. Is it qualitative? Yes, it is. My family members have used this game for more than three years and it still looks and feels the same as it was whet it was brand new. Material is qualitative and sturdy and printings have stayed on place till now. 28. Is it good value for money? Yes, it is. 29. Are parts of it replaceable? No, they are not. 30. Are there levels of difficulty? No, there are not. But adults can make them up, like, asking the child to connect pieces by looking at colours. When child has appreciated it, adult can encourage the child to connect pieces matching the shapes. 31. Are there add-on packs available for it? No, there are no add-on packs available. 32. Is it suitable for multiple purposes? No, it is not. But, if the child has an imagination, he can find another function, for example, use wooden pieces as a part of construction project. 33. Is there a special instruction or programming required? The toy does not require programming or special instruction. 34. Does it require an upgrade? No, it does not require an upgrade. 35. Does it need an adult supervision? It does not require an adult supervision. 36. Is it safe for children? Yes, it is. It is fully tested and certified to meet all safety requirements. It has CE marking. 37. Is there choking risk? No, there is no choking risk. Each piece of puzzle is in size 5Ãâ€"7.7 cm and big enough to be safe for even a very small child. 38. Is it flammable? No, it is not flammable. But it will burn if put in flame, because it is a wooden toy. 39. Does it have a guarantee? No, it does not. But it can be returned to Amazon.co.uk within 30 days of delivery for a full refund. 40. Is it recyclable? Yes, it is. It is made from wood and wood is a natural made material which can be subjected to recycling. 41. Are there reviews about the toy? No, I couldn’t find any reviews about this particular toy. Detailed assessment of the Toy Initially I found out for what type of play my chosen toy can be used for. There are several types of play, but to my chosen Locomotives Puzzle fits Manipulative type of play that is under Physical form of play by Moyles’s forms of play (Beaver et al, 2001, p471). Manipulative play involves practising and refining motor skills. This type of play enhances physical dexterity and hand-eye co-ordination. Over time children need to experience a range of different levels of manipulation if they are to refine their motor skills. This type of play includes manipulating objects and materials (NCCA, 2009, pg 54) Manipulative play includes using puzzles, threading, playdough, carpentry, construction sets and blocks (Department of Education, Training and Employment, 2012, pg2). In this type of play the child has to manipulate with puzzle pieces by lifting, turning and placing them. This  toy can be a part of Intellectual play as well as it helps child to discover and learn colours, shapes and counting and has a benefit to memory skills. This toy can be tested under five areas of benefits to development that links with Aistear’s themes. Aistear recognises the enormous body of research that shows that young children (particularly those aged 0-6) learn most effectively through play and that more directive methods do not work but actually curb children’s natural desire to explore and discover. This section describes how play benefits all five areas of development: intellectual, language, emotional and social (PILES). This links with Aistear’s four themes: wellbeing, identity and belonging, communicating, and exploring and thinking (Flood and Hardy, 2013, p 165). I will look closer how my chosen toy can benefit all five areas of children development. Physical Development: Wellbeing Physical play is very important and essential to children development. Physical play (†¦) promotes gross-motor skills. Children develop balance and increase co0ordinaton trough practising skills such as running, jumping, climbing, skipping, walking on tip-toe, hopping, pedalling, etc. Physical play also promotes health and wellbeing because it increases appetite and tires children so that they sleep well. Physical development also involves the development and refinement of fine-motor skills; creative and construction play are both particularly beneficial in this area (Flood and Hardy, 2013, pg 92). Physical development and health is also one of Key Developmental Indicators (KDIs) that â€Å"together form a framework that guides teachers in the planning process of beneficial learning experiences for the children in their care† ( Flood and Hardy, 2013, pg 61). There are 4 KDIs that relate to physical development and health. This toy is valuable to fine-motor skills. Small-muscle or fine-motor development also is included in the physical development of a child, and deals with such areas as smiling, picking up a fork or tying a shoe. Small-muscle development is evident as infants grasp cereal to put in their mouths and is enhanced by activities such as picking up blocks or drawing with crayons (Brotherson, 2006, pg 2). Playing with The Memo Locomotives Puzzle the child has to lift and turn pieces, and sort them in groups. Children have to do accurate movements to connect pieces thus getting the complete picture of the train.  Children develop control and strength in their fingers by doing that. These things are very essential to educational process at later stage, for example, to handwriting and drawing practise. Intellectual Development: Exploring and Thinking Intellectual, cognitive development takes a big part in children’s overall development. Cognitive development includes the development of each of the following: imagination, creativity, memory skills, concentration skills, problem-solving skills, concept information (Flood, 2013, pg 96). And playing has important role in intellectual development. Through play children can explore and think about a wide range of concepts in a non-threatening way. Play cannot be ‘wrong’ so children are much more likely to take risks with their learning when they are engaged in play (Flood et al, 2013, pg 93). Through play with The Memo Locomotives Puzzle children can explore colours and shapes. This toy helps children to improve their sorting skills, because they have to sort out pieces by colours at the start to make each train. Children will get 8 pieces for each train after sorting them by colours. Now they will be able to sort those 8 pieces in pairs by connecting shapes and by linking pairs together they will get complete train. Each time by playing with it children train their memory skills by remembering which piece has to be taken to make complete diamond shape and which one is needed to make the monkey and bananas picture. Children can learn or improve their counting skill. For example, for a small child teacher/parent can count each piece that child has placed and soon child will start to count together with teacher/parent. Language Development: Communicating The definition of language is: â€Å"Language is any form of communication, be it spoken, written or signed. Language consists of words and system of combining them† (Flood and Hardy, 2013, pg 122) The memo Locomotives Puzzle can give benefits to language development by naming colours, shapes, animals and other parts of pictures. Because of Puzzle’s bright and vivid printings it has a big value to teaching child the right name of exact colour. Besides that, game can be played up to 4 children and by communicating and explaining the rules to each other they will improve they language skills.  Virtually all types of play involve communication. Children negotiate their roles, talk about what they are doing and talk about their plans for what will happen next. (†¦) When playing games with rules, children have to explain rules to newcomers. (Flood and Hardy, 2013, pg 93) Children will learn new words and they will learn new ways how to put words in sentences. Teacher/parent can be a companion to child if he’s playing alone and communicate with him during play thus helping to improve his language development through play. Emotional Development: Identity and Belonging, and Communicating Emotional development involves children learning to deal with their emotions (both negative and positive) in a healthy way. Emotional development also involves the promotion of a positive self-image and high self-esteem. (Flood and Hardy, 203, pg 93) Play is important part of emotional development and The Memo Locomotives Puzzle can help in that. During play with this toy children have to deal with emotions like anger and frustration when something does not work the way children wish to or pride and happiness when they got it right. Those good emotions promote positive self-esteem, child is happy about himself, for example, he is proud he did his train set first or he did his one carefully and at the end it looks nicer than other ones. Children learn to share their emotional with adult and peers, like; child learns not only to show but to talk about his emotions. Emotional regulation is an important part of emotional development (Flood, 2013, pg 175). During play with The Memo Locomotives Puzzle teacher/parent can observe children and help them deal with their negative emotions, like they can teach how to deal with frustration when it is hard for child to find right piece of puzzle. Social Development: Identity and Belonging, and Communicating Social development basically involves the development of three related skills: (1) the ability to interact effectively with others, (2) learning and understanding the norms of the society in which the child lives and (3) moral development. Play can be a very effective way for children to learn and perfect these skills (Flood and Hardy, 2013, pg 94). The Memo Locomotives Puzzle can help children to interact effectively with others. They have to communicate while playing by handing pieces to each other,  helping find the right piece for each other. They have to learn to share The Locomotive’s sets and wait for their turn. They will learn to ask for a piece nicely and use phrases like ‘thank you’ and ‘you are welcome’ thus learning and teaching to each other good manners. Children learn to understand the norms of society by doing that. â€Å"Social norms are descriptions of ‘rules’ about people’s behaviour, beliefs, attitudes and values within a society or social group† (Flood, 2013, pg 151). It is very important to select not only the right type of play to promote child’s development but to make sure that the play will match his stage of development also. Most of theorists of play, like Maria Montessori, Friedrich Froebel, Steiner Waldorf, Sigmund Freud, Jean Piaget and Rudolph Steiner, have identified stages of development. For example, Rudolf Steiner distributed 3 different stages: 0-7 years, 7-14 years and 14-18 years (Flood et al, 2013, pg 42-43). The Memo Locomotives Puzzle is suitable for children in age group 2-6 and fits under first stage (0-7) years by Steiner’s concept: The first seven years of children’s lives are of greatest importance. (†¦) Children conquer the skills of movement, speech, gesture and communication. (†¦) Children absorb every aspect of their environment and they are open to external influences also. The focus at this point is on learning by doing (Flood and Hardy, 2013, pg 42-43). I already have clarified that my chosen toy helps to improve children’s basic knowledge in physical, intellectual, language, social and emotional development and it means that age group marked on The Memo Locomotives Puzzle’s label match the concrete toy. Detailed assessment of the role of the adult There are two styles of play that are relevant to adult’s role in children playing activities. They are structured play and free play. Structured play is planned, guided and led by adults. Structured play can be useful but there is a risk that if it is too adult-led children can lose interest. (†¦) Adults can provide support by demonstrating skills that the child can then try out for themselves. (†¦) Some theorists advocated a very structured approach. Montessori advocated that certain skills should be very clearly demonstrated by the adult, with the child carefully watching so that  they could then copy exactly what the adult had done (Food and Hardy, 2013, pg 87, 88) Free play is not adult-led. Adults provide equipment, materials and resources for free play, but they do not direct it any way. Advocates of free play believe that children learn much more from this style of play than from structured play, since they are more motivated by having created it themselves (Flood and Hardy, 013, pg 88). The Memo Locomotives Puzzle needs adult participation to improve children development in all five areas of benefits to development. Adult participation is essential to help children by naming colours or shapes, showing which colour or shape are the one that has been named. Therefore adult attendance is not essential all the time. Children can be left with the toy by themselves thus giving them time to practise their object manipulating skills and memory. Adult has to observe children while playing and make a decision when to intervene and when to stand back. Adult must intervene and help in communication thus helping to develop children’s social and communication skills, like helping to resolve conflicts and to solve problems in peaceful manner. I like Janet Moyles concept and I believe it suits the best regarding adult role to play with The Memo Locomotives puzzle. The concept for which she (Janet Moyles) is best known is the spiral of play or spiral of learning. The spiral of play describes how children move in and out of different modes of play: direct play to free, and back again (Flood and Hardy, 2013, pg 105). Adult observes to children playing and decides when and if he/she is required to intervene in the play to support it. Evaluation I consider results of my assignment as positive and valuable. I found out a lot about my chosen toy’s benefits to children learning through play. I discovered for what type of play this toy would suit the best and how adult can support children in play with it. Conclusion My aim was to find out can The Memo Locomotives Puzzle be supportive in learning through play and give any benefits to children’s development. I  introduced with my chosen toy and did description of the toy including 40 assessment criteria and described the toy under five areas of benefits to children’s development. I also looked at adult role in play with The Memo Locomotives Puzzle. I found out that toy is educational and fun. I found that The Memo Locomotives Puzzle fits under manipulative type of play. The toy can be useful in all five areas of benefits to development: physical, intellectual, language, social and emotional development. I believe that manufacturer has positioned this toy under the right age group because of children’s developmental stages and age stages. I discovered that for this toy looking at adult role better suits structured style of play with adult stepping in and out giving children time for free play as well. Overall I looked at toy from many aspects and found this toy suitable for children’s learning through play. Recommendations My list of advantages and disadvantages: Advantages Disadvantages Attractive for children Age group toy is suitable for Benefits all five areas of children development Material for storage box is not quite durable Affordable High quality Made of natural material In overall I really like this toy. I have experienced that children love this toy and it is attractive for them. There are only two things I would recommend to change about it: 1) Although the toy comes in good hardboard box, I would recommend using wooden box instead. The hardboard box can be destroyed in a second if child steps on it and it would make storage very impractical. I believe it would lead to lost pieces. I agree that wooden box  would make the toy a bit more expensive, but it would make the toy last longer. If there are no pieces lost, this toy really last for many years because of its durability. 2) I would recommend to manufacturer to change an age group that toy is suitable for. Because of my own experience I can say that this toy is really attractive to children aged 2-4. Children at age 5-6 lost their interest after the first time playing with it. They already know colours and they know shapes and they got along very quickly, level of difficulty is too easy for them. All the other aspects, like durability, bright and vivid colours, lovely printings. I believe, are very good regarding this toy. I like about this toy that it is really educational and attractive for children and I would highly recommend it to parents and teachers for children aged 2-4. References Beaver, M., Brewster, J., jones, P., Keene, A., Neaum, S., and Tallack, J., 2001, Babies and children, Diploma in childcare and education, United Kingdom: Nelson Thornes Brotherson Sean, Bright beginnings #8, 2006, US: NDSU Extension Service Department of Education, Training and Employment, 2012, Giving children a flying start, Australia: Queensland Government Flood E., Hardy C., 2013, Early Childhood Education & Play, Dublin: Gill and MacMillan Flood, E., 2013, Child Development, Dublin: Gill and MacMillan NCCA, Aisthear: The Early Childhood Curriculum Framework, 2009, Ireland: NCCA

Friday, November 8, 2019

7 Best Books for a Literature Response Paper

7 Best Books for a Literature Response Paper 7 Best Books for a Literature Response Paper A literary response paper is designed to give your opinion on how a literary piece makes you feel or think. It is your opinion; however, it needs to be based on the facts. You will need to make sure that you really have some considerations about what you are writing. In order to master this essay style, you will need to choose a really good literary piece to produce a decent paper. If you get to choose the topic, which most of the time you do, then you should check out one of these books: Jonathan Franzen’s â€Å"Freedom† This story is about a love triangle between college mates. It is a great choice for a literary response paper because you can make an argument about whether the love is more important than the friendship. Which one is more significant to you and which one is more important for the book characters? F. Scott Fitzgerald’s â€Å"This Side of Paradise† This one actually works perfect for a college literary response essay. It is about a Princeton student who is very privileged. Upon his graduation, he starts to get a look for what life is really about. He has lived a sheltered life and now he has to start taking care of himself. How is the real world going to be different from the sheltered life? What happens when he finally has to start taking responsibility for his journey and his decisions? Fydor Dostoyevsky’s â€Å"Crime and Punishment† Even if you don’t choose this piece to write on, don’t miss the chance to read it. It is a well-known novel about a man who kills a pawnbroker and then works really hard to justify what he did. It is a beautiful book with so much to write about in a literary response essay. It will challenge your views on your place in society and on the laws and morality. F. Scott Fitzgerald’s â€Å"The Great Gatsby† However, this may be a tad overused, we couldn’t choose the best seven books without including this one. You could write about a million of literary response essays on this novel without batting an eye. One of the strongest ideas is how Gatsby goes above and beyond building his entire life and persona for Daisy, who doesn’t seem to notice nor really care. He will never get back all of the time he wasted trying to become the person that he thought Daisy would want. We can never get back the past and life is destined to change over time. Embrace the change and learn to love it as much as you loved the things that have happened in the past. It is a brilliant read and a perfect piece for this type of paper. John Milton’s â€Å"Paradise Lost† When you are looking for a little entertainment when creating your paper, this is the ideal pick. There are many topics to discuss. Lucifer, an angel who is arrogant and fell from grace, tempted Adam and Eve into sin. Everyone knows this sequence of events. John Milton lets you take a look at Lucifer’s side of the story. There are so many issues that you can use for your argument. William Golding’s ‘Lord of the Flies† We couldn’t forget this novel. It is about a group of boys who are stuck on an uninhabited island. They have no supervision and create a small, yet divided community. The book captures the essence of being a good leader. This is one of the major themes and you can use this book to discuss whether or not leadership is important. Harper Lee’s â€Å"To Kill a Mockingbird† This book is about a girl who grows up learning much about life and the unkindness that comes to the weak, the young, and even to those with different color of skin. As she gets older she learns that these really don’t have anything to do with the type of person that you are. She learns that it is a man’s soul that really matters. Imagine all of the possible topics that you can discuss within this story. These seven books are perfect for this assignment. They are full of controversial thoughts that you can use to write a solid paper on. Plus, we are sure you will enjoy the reads as well.

Wednesday, November 6, 2019

Essay on Poetry.

Essay on Poetry. The reason for poetry in our lives cannot be explained in just a few words. Poetry makes you feel what one is explaining. It causes great emotions. In my opinion, poetry is stating words that have feeling in a more interesting and appealing way. The reason for poetry is for entertainment, thinking, and expressing yourself.First, poetry creates a sense of comforting entertainment. For example, when reading, "One Fish, Two Fish, Red Fish, Blue Fish . . . "(Dr. Sues), you feel joyful. You could've been having a bad day up until that point. Who doesn't like feeling happy? Most people do, and this is why poetry has universal appeal. Key strategies these poems use are, rhyme, onomatopoeia, and rhythm. These make a poem brighter, fun, and happier. Out of all the reasons why poetry is in our lives, entertainment is the most appealing.Next, poetry causes you to think in different ways.Edgar Allan Poe Museum (Richmond, Virginia)For example, when reading, "In Spring of youth it was my lot to ha unt of the wide world a spot . . . "(Edgar Allan Poe), you may have to reread the lines a few times to comprehend. These poems make you think outside the box. Who doesn't want to expand their mind? This also proves why poetry has a universal appeal. A strategy that these poems use is complication. The words make you think in an unfamiliar way.Lastly, poetry is used to express how one is feeling. For example, when reading, "Ah, when to the heart of man was it ever less than a treason to go with the drift of things, To yield with a grace to reason, . . . "(Robert Frost), you feel what he is feeling. Poems that express what one is feeling are interesting to read. You...

Sunday, November 3, 2019

IFRS and GAAP Convergence Term Paper Example | Topics and Well Written Essays - 1000 words

IFRS and GAAP Convergence - Term Paper Example International Accounting Standard Board issues the IFRS. Over 100 countries across the world have completely adopted IFRS. European Union, New Zealand, Australia and Russia are the prominent examples (Garg, 2010). GAAP GAAP exhibits fair, complete and clear financial operation of the enterprise. It comprises of authoritative pronouncement issued by several accounting bodies. GAAP is a set of rules, concepts, conversions and procedures to denote accepted accounting practices at a specified time. The corporate accounts and the financial statements are presented in accordance with the GAAP. It considers the conceptual framework of financial statements, accounting principles, Income Tax Act and most importantly requirements of the regulatory bodies of a country (Sangani, 2010). Convergence In this case, the term ‘convergence’ implies the harmonization of the accounting standards. ... Companies across the world have already acknowledged the importance of the adoption of global accounting standards or the convergence. Most of the countries used local GAAP and recently adopted IFRS. Meanwhile there are few countries that are still reported to be under both the accounting standards. It is really time consuming and costly way to report financial records as conversion take much time and moreover it creates uncertainties among the users of the financial reports. Therefore, it can be suggested that countries should go for convergence. The US is in the planning phase of the convergence of the IFRS and the US GAAP, as according to the work plan of the SEC it will take another four to five years for complete convergence. Impact of the Convergence Impact of the convergence differs from companies to companies. It mainly depends upon the nature of the business. It is evident that the number of users of financial reporting is quite higher for the public companies in comparison to the private companies. Hence, impact of convergence on public companies will be higher as well. Several elements exist in the financial statements of the public companies and therefore, a few expertises are required to interpret the data. At the same time, level of difficulty is also high due to the responsibilities of the finance manager. At the planning phase of the convergence or during the convergence, companies need to report under both the accounting standards and it increases the complications for both the finance managers and the users of the financial statements. This issue is mostly faced by the multinational companies. They need to prepare financial

Friday, November 1, 2019

5 Stages of Team Development Essay Example | Topics and Well Written Essays - 750 words

5 Stages of Team Development - Essay Example The roles of each team are express and the leader has to marshal the team to meet the requirements of a strong team. I encountered the importance of having a strong team in my school when I had to come up with a group for a debate held in class. We were informed in advance and students were asked to make their choices based on what they felt was appropriate for increased chances of winning. To do this, I had to look for students with a common agenda and a basic understanding of the topic in discussion. The process of forming the group was challenging because people have no responsibilities outlined yet (Macionis and John, 2010). This also was a session where we have to know each other and appreciate each other’s skills as we planned on what to do after the initial stage. The process was interesting and I enjoyed knowing my friends better. While trying to fit in, the struggles experienced by groups that area still trying to fit in are noticeable, and that made it difficult to control some of the students. There were factions within the same group that wanted to take over the responsibilities while others wanted to maintain the status quo (Macionis and John, 2010). The storming stage was quite hectic and it almost broke the group apart. However, we were able to come to terms with the issues that were contentious and came up with a way of ensuring everyone was satisfied. The norming stage was characterized by the harmonization of our skills that made it easier to understand the issues taking place in the group and the best way of enhancing mutual support towards our common goal. We all wanted to win the debate, and the only way of doing this was first harmonizing the group and entrenching certain rules that would see us sharpen our skills and arguments. Developing a good team would see the next stage being more producti ve. The group’s performance was pegged