Research and Application Business Paper Example | Topics and Well Written Essays - 750 words

And Application Business - Research Paper Example This Strategy emphatically promises to increase business and maintain a competitive edge in its own segment for JetBlue. The Customer Value Proposition of JetBlue: The marketing strategy and its success so far suggests, JetBlue has relied heavily on Operational excellence as the thrust area of its Customer Value Proposition. The success of the airline so far has been attributed by its focus on an array of operational goals like maintaining a high level of customer service with low costs and stimulating demand with low fares. They strive to maintain a sustained growth pattern by increasing frequency on their existing routes. The results have shown that such initiatives have been well received by the market and the customers have responded well to these efforts. This is further accentuated by feats like attainment of highest completion factor, the highest on time performance and the lowest incidence of mishandled bags. These achievements reflect a high level of operational and manageme nt excellence. They obviously enhance the customer experience and perception and augur well for the business. The airline strives to achieve competitive advantage through customer intimacy in certain areas, For example, the high level of customer service measures like maintaining transparency in operations contribute to the value proposition. However, it does not succeed in attaining customer intimacy, though it does succeed in achieving customer loyalty to an extent. It also makes effort to achieve product leadership. However, the efforts in the direction like increasing Live TV channels from 24 to 36; new aircraft and leather seats are not the source of competitive advantage, though they do mean product differentiation to an extent. b) Business risks: The 10 K/A of JetBlue report an array of risks that could harm the business to some extent or the other. However, amongst them the risks that could really affect profits to an extent wherein the ability of the airline to meet the sto ckholders’ expectations could be threatened are as mentioned hereunder. The basis of differentiation of these risks from the remaining set of risks is the extreme nature of consequences that they may have on the profits of the company in a relatively short span of time. Besides, once incurred, the said risks will require considerable effort and resources to contain and control. Last but not the least, the risks mentioned here are the ones specific to Jet blue and not the ones facing the Airline industry in general, since the general risks are usually responded to better with the industry and Government help. In addition, the stockholders understand and are already more aware of such risks and thus the expectations of the stockholders regarding these risks can be better managed. As such, these risks are more imminent in nature. The critical Risks: a. If JetBlue fails to implement their growth strategy, the business is at a great risk. The growth strategy is aimed at increasing the number of flights in underserved and overpriced areas. The aim is to maintain high quality customer services with low fares and generate more demand. The Low fares are to be compensated for with a high level of operational excellence. This will considerably make up for the low fares and bring costs down while maintaining the rate of bookings at the same time. This means a high profit margin

Political philosophy Essay Example for Free

Political philosophy Essay John Locke, an English philosopher, used the idea of natural laws to make vital contributions to society. He worked his way up through Westminster School and Oxford and enrolled in the Church of England. He was interested in science and became one of the best practitioners of his time. With Locke’s connections, he met men of England but was also suspected for being disloyal. He went to Holland and returned in 1688, after the revolution. Locke made an influence on political philosophy including modern liberalism. Two Treatises of Government was his most powerful writing where he claims to tell the story of politics. But he did not present that he was the author until near his death. In his writing, Locke explains the difference between political power and paternal power. He wanted people to be comfortable with independent political thought, or in other words take the road less traveled. Also, Locke believed that first you must understand that politics come from the state of nature and natural law in order to understand political power. Locke’s natural law says that individuals take care of others. Locke wanted to create a better government that would consider all people, not a government with kings and nobles. He believed that there should be no one to enforce laws and that neither good nor evil existed in nature. Locke also believed that the people of nature are created equal and have rights to all things. Because of this, a constant state of war exists. Locke wanted people to act more responsible and morally and face their consequences if there were any. His influence on organizational behavior and theory impacted the founders of the United States’ principles. Locke was a creator of the idea of the separation of powers. He also influenced the modern educational theory. His theories are strong when it comes to prosperity, scarcity, money, and property. He claims the government must protect and individual’s private business and property. He believed that if there was a general increase in wealth it would lead to the increase for common good. Locke’s liberalism influenced the United States of America with the Declaration of Independence. He will always be known as the Father of Liberalism. He distrusted government power and proved a statement. He believed that an individual’s right is more important than just a king democracy. He left a legacy of theories for religion, economics, human understanding, and politics. Works Cited Griffith, F, Mark.. â€Å"John Locke’s Major Works. † International Journal of Organization Theory and behavior. 01 July. 2003: 227 elibrary. Web. 16. Feb. 2012.

Myth of Powerlessness :: essays research papers fc

Linda McQuaig's book, The Cult of Impotence: Selling the Myth of Powerlessness in the Global Economy, is a refreshing new approach to viewing the current state of global economy and Canada’s place in it. In recent years, such mysterious terms as fiscal deficits, natural rate of unemployment, stock market fluctuations, interest rate cuts and zero inflation and so on, have received an exceptional level of public consideration. Nevertheless, in spite of the now generally acceptable importance of the terms, their meaning an the effects of the domestic economic policies is left for the â€Å"professional† economists to analyze and present the public, as well as nation’s governing bodies with a list of remedies. Their guiding logic and principles are rarely questioned and more rarely fully understood. In such an environment, McQuaig has earned a wide audience for her writings by stripping away the aura of complexity from controversial economic issues and making them a ccessible and relevant to a general audience. Challenging the opinions of the â€Å"experts†, she is trying to bring back the debatable economic policies of the â€Å"global age† to democratic accountability. McQuaig is a notable journalist and a writer, who has written a number of books on the state of affairs that Canada’s economy is. Unlike her previous books that she has written ,discussing deficit reduction and cuts to social programs among others, this time she drifted away from the specifics and focused on our general view and acceptance of the economic processes. In the book, she attacks nation’s political passivity and acceptance of the believed fact that the domestic economy fully depends on the global market situation and that is should follow the trends. Trapped in this view, governments act as a victims to the global economic process and accepts an its people and impose this view on the electorate. Canada’s economic troubles is not unique. Although, Canada is enjoying a period of relative economic growth, and the level of unemployment is at its lowest level since April 1976 at 6.8% in January 2001 (Tam). However, these 6.8% still mean 1.1 million people jobless. McQuaig argues that combating the unemployment should be the number one national economic policy, at times at the expense of the corporate and governmental financial institutions and currency speculators. The fiscal conservatism of Bank of Canada under Gordon Thiessen, the bank’s governor, and anti-inflationism which have become, it seems, the idà ©e fixe for most state financiers became a source of tremendous political apathy, hindering the capacity of elected officials to carry through on their more progressive and egalitarian campaign promises.

Cannes Film Festival and Mr. Bean

They headed into a bay full of yacht because one of the survivors owns a key of his yacht in that bay. It wasn't easy to get in there because you cannot almost cross the roads near the mall because all zombies are around the buses. They have lost a lot of people. They were able to get into the bay but only four made it. They sailed until they reached an island. They were attacked by another bunch of zombies and all of them died. Mr.. Bean won a prize in a raffle. It was a trip too beach in France with some pocket money and a video camera.He started the trip on a train station and all his misfortunes have started. He lost his money, passport and his luggage. He caught himself with Stephan, Email's son who is a movie critic in Cannes Film Festival, leaving the train unintentionally. A lot of misfortunes happened to Bean until he was helped by Sabine, an actress in a movie that will premiere in Cannes. They get into the event and Bean, together with Stephan, disguised to get inside the building. The movie seems to be boring so Bean used his video camera to replace the movie with his own video along his trip.The audience were entertained but the director was poised so he, together with the guards, chased Bean but wasn't able to get him. Bean unintentionally went in front of the stage and he was applauded together with the director, taking the advantage because they loved the director's film. Bean went outside and was finally able to get to his destination, French Riviera. HOSTEL PART Ill Carter decided to have a bachelor's party for Scott in Lass Vegas. They met their other friend in there together with the girls Carter paid for Scott.They got drunk and he next day, one of their friends is lost together with Nikkei, one of the girls that they were with last night. They investigated and went to the places where they possibly are. They saw Kinder, Nick's friend, and told them that her friend is missing. They didn't know that they are dead already because of the secre t organization for gambling by using human as their medium for betting by killing them. Coot's friends were caught and Carter revealed he was a member of the secret organization.Scott was strapped on a chair and Carter enters the â€Å"arena† in front of the other members f the organization and there Carter revealed that he wants Coot's girlfriend. They fought and Scott escaped causing a panic all over the building. Carter was able to escape with a car, leaving Scott in the compound behind the locked gate and the building exploded. Carter went to Coot's girlfriend and said he was sad for Coot's death. She told Carter that Scott is not yet dead and then Scott appeared and killed Carter in the garage?Nick decided to have a new house for his family specifically for his pregnant wife. They bought the house from Chuck and there Nick hired the guy to fix the house because they found molds in the house. Instead of getting it repaired, Chuck destroyed the house and Nick got angry and fired Chuck. He decided to fix the house on his own but it wasn't easy for him. At the same time, his family was a bit angry to him because of the misery they had. Nick apologized to Chuck and hired him again. This time, Chuck really fixed the house. He helped Nicks wife when she was laboring.After six months, Nick launches his magazine in front of his beautiful house and they ad a party afterwards. UNIVERSAL SOLDIER Devoured and Coot's corpses were used for the â€Å"Universal Soldier† program to develop a perfect soldier for combat. They were first tested in a hostage taking in a nearby dam. Veronica, a former reporter, wants to know about the program's secret to get her Job back. She was able to get inside the compound where the soldiers are and discovered that they were some sort of a robot. She was caught by Scott but he was helped by Devoured to escape. Scott chased the two to kill them accompanied by his fellow Unison's.Coot's group was killed but he's still determine d to kill them. They had a car chase. Coot's truck fell into the cliff. Devoured get his memory back and returned home with Veronica. Scott gets into the house and fought Devoured. He can't do anything because Scott was overpowering him but was able to fight back because he used the muscle enhancer that he stole from Scott. He killed Scott and was able to save his parents and Veronica. Principles Of Literary Criticism (Five Movie Plots and Synopsis) Submitted by: Michael Gee C. Stroller ABE Submitted to: Mr.. Jose V. Cultural

Geologic Time Worksheet Axia W3D5

Associate Level Material Mary Miles Geologic Time Worksheet Use the following table to compare ways of evaluating geologic time. Your description, similarities, and differences must each be at least 50 words. |Time Evaluation Method |Description |Advantages of this Method |Disadvantages of this Method | |Relative dating |Relative dating is the process |There are a few advantages of |The disadvantage to relative | | |of estimating the order of |relative dating.One is that |dating is that an exact time | | |events but not necessarily |this is an estimate of the age |cannot be given to a rock | | |determining when the events |of a structure. Meaning that |structure or fossil. This method| | |occurred.When looking at rocks |there is room for error. This |is only an estimate and because | | |and fossils the deeper the |method is good if weathering or |of that the true time in which a| | |structure or fossil the older it|erosion is prevalent. Because |rock structure or fossil was | | |is.D uring this process there is|some of the rock structure is |started or deposited cannot be | | |not exact age or date that is |missing or interrupted exact age|determined. | | |given to a rock or fossil only |would not be able to be found. | | | |an estimate of when it stated or| | | | |was alive. | | |Absolute dating |Absolute dating is a process in |The advantage to absolute dating|The disadvantage of absolute | | |which geologists or other earth |is that an exact age can be |dating is not every rock | | |scientists determine the |determined for a rock structure |structure or fossil’s exact age | | |specific age of a rock |or fossil. This is beneficial to|cannot be determined.Depending | | |structure, fossil or other |scientists to help determine the|on where a fossil is found or | | |scientific site or structure. |age of the earth and the rock |what mineral make up the rock | | |Absolute dating allows a |structures it contains. |structure will determine if | | |numerical ag e to be determined | |absolute dating would be | | |for a fossil or strata. |appropriate. | In the following space, explain the role of fossils in developing the Geologic column. Your explanation must be between 200 and 300 words. The geologic column is the putting together all known strata and matching them up in chronological order. Fossils are an important factor when developing the Geologic column. Depending on if there are any fossils present in a sediment layer and if there are determining what the fossil is can help determine which eon all strata stated to form in.The geologic column is divided to several different time frames. These time frames are referred to as eons, eras, periods and epochs. Most of the Earth’s existence can be separated into three eons. Each eon in earth’s existence lasted at least a hundred million years. The first two eons that earth existed fossils were very rare or hard to find. Those two eons are referred to as the Archean eon and the Proterozoic. The most recent area is referred to as the Phanerozoic eon. The Phanerozoic eon is the most recent eon and is the only eon that contains a lot of fossils.Significant changes happened to the fossil assembly during the three eras that took place during the Phanerozoic eon. The three eras of the Phanerozic eon are Paleozoic, Mesozoic, and Cenozoic. These eras have been divided by significant extinction events. The era that is very important is the Paleozoic. This is because during this time was the first appearance of hard bodied animals that fossilize much better then soft bodied organisms. Reference: Murck, B. W. , Skinner, B. J. , & Mackenzie, D. (2010). Visualizing geology (2nd ed. ). Hoboken, NJ: Wiley.

Chronic Offenders Essays

Chronic Offenders Essays Chronic Offenders Paper Chronic Offenders Paper Chronic Offenders Chronic offenders execute serious crimes repetitively. According to criminal data obtained by the Office of the Legislative Auditor in the state of Minnesota, criminal offenders severely perpetrate different kinds of crimes in different areas of the country. (Yunker, Bombach, Meyerhoff)The build-up of offenses leads to criminal careers. The concept of criminal careers refers to crimes committed by an individual that occurs one after the other extendedly. Moreover, the concept of criminal careers focus on the involvement of individuals to crimes, characterization of offenders and non-offenders, and the regularity of criminal activity by offenders. (Blumstein, Cohen, Roth Visher, 12)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   One of the major reasons why offenders commit crime unceasingly is the lack of an integrated network system within and among states. The presence of a database that should be made available in all states is necessary in order to prevent chronic crimes. This confines justice systems in dealing with chronic offenders. Records of offenders and crimes committed should be made available not only in a nationwide system database, but also networks within states. Access to these databases will allow justice systems to make appropriate decisions for sanctioning chronic offenders. Although this need has been addressed by state governments, the process of establishing network databases still call for appropriation of financial resources. (Yunker, Bombach, Meyerhoff)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Other reasons for â€Å"chronicity† of crimes include is failure of justice systems to acknowledge the fact that imprisonment does not solve the issue of chronic crimes. Most offenders have been in and out of prison, but serving their respective sentences does not eliminate their initiatives to commit crime after leaving prison. Other options should be looked in to as punishment, such as reintegration to society by involving them with community service, socialization programs, work positions, etc. Granting incentives is also an excellent way to encourage chronic offenders to fulfill orders by the justice system and laws mandated by the constitution. (Yunker, Bombach, Meyerhoff)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The government, the justice system, and law enforcement agencies should focus more on the needs of offenders. Chronic crimes occur because needs or issues of offenders are not addressed, causing them to continue executing crimes despite reprimand or imprisonment. Some chronic offenders have been diagnosed with mental illnesses, psychological problems, etc. These conditions are often left unresolved even after imprisonment permitting criminal activities to prolong and extend to even graver offenses. Stakeholders should not only focus on imprisonment, but also the rehabilitation and reintegration of offenders to society. These solutions will ensure that offenders are transformed into healthy and productive members of society. (Oppal)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The chronic offender concept insinuates deficiencies on the part of law enforcement, the justice system, the government, and the community when it comes to dealing with crimes. The growing rate of offenders that commit crime continuously means that law enforcement agencies lack the capacity to foresee criminal patterns and aptitude to strategically prevent crime. (Blumstein, Cohen, Roth Visher, 109) Knowledge of a crime committed by a first-time offender should instantly furnish law enforcement agencies with important facts and details to predict increase or decrease in crime rate. Follow-through and supervision should also be integrated to the responsibilities of law enforcement agencies.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Aside from law enforcement agencies, chronic crimes also indicate deficiencies in the justice system, specifically sentencing policies. Sanctions granted to criminals by the justice system ideally reinforce criminal activities negatively. Sentences should eliminate criminal activity, and not encourage them. Therefore, offenders who have been sentenced but still commit crime after serving their sentence imply that sentencing policies are weak in realizing its purpose in fighting crime and bringing about justice. Absence of the government’s involvement in funding law enforcement purposes and evaluating the justice system and sentencing programs may be inferred from the nature of chronic crimes. Frequent offenses committed means that law enforcement agencies lack resources to improve services, realize full potential, and enact responsibilities competitively. Moreover, the government does not follow evaluation processes that will determ ine the strength and weaknesses of the justice system and sentencing programs. Only by addressing these concerns will chronic crimes be gradually resolved. Blumstein, Alfred, Cohen, Jacqueline, Roth, Jeffrey A., Visher, Christy A. (1986). â€Å"Criminal Careers and ‘Career Criminals’.† Retrieved from National Academy of Sciences. 11 September 2008. http://books.nap.edu/openbook.php?record_id=922page=12. Oppal, Wally. (2006). â€Å"Crime, Safety and Chronic Offenders.† Retrieved from The Canadian   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Bar Association. 11 September 2008. cba.org/bc/CBA_Publications/bartalk_12_06/guest_oppal.aspx

The Age of the Super Woman

The Age of the Super Woman Women's first role in society was to bear children. They kept house while their husbands went to work and supported the family. Over time women fought for the same rights that men had. Women wanted the right to vote, the right to get an education, and the right to work outside of the home. Women wanted to be treated as equals to men rather and after years of fighting for these basic human rights women were granted those rights. Though first believed to only be capable of bearing children women have gone on to get college educations and are successful in the workplace.Some of the first women to pioneer through the college scene were Catherine Brewer Benson and Martha Carey Thomas. Catherine Brewer Benson was the first women to earn a college degree. She had first enrolled n Clintom Female Seminary but after it closed down she enrolled in Wesleyan in 1839 and graduated in 1840.American Association of University Women headquart...

Global Population Growth Creates Environmental Problems

Global Population Growth Creates Environmental Problems Environmentalists don’t dispute that many if not all of the environmental problems - from climate change to species loss to overzealous resource extraction - are either caused or exacerbated by population growth. â€Å"Trends such as the loss of half of the planet’s forests, the depletion of most of its major fisheries, and the alteration of its atmosphere and climate are closely related to the fact that human population expanded from mere millions in prehistoric times to over six billion today,† says Robert Engelman of Population Action International. Although the global rate of human population growth peaked around 1963, the number of people living on Earth - and sharing finite resources like water and food - has grown by more than two-thirds since then, topping out at over seven and a half billion today, and human population is expected to exceed nine billion by 2050. With more people coming, how is this going to affect the environment further? Population Growth Causes Multiple Environmental Problems According to Population Connection, population growth since 1950 is behind the clearing of 80 percent of rainforests, the loss of tens of thousands of plant and wildlife species, an increase in greenhouse gas emissions of some 400 percent, and the development or commercialization of as much as half of the Earth’s surface land. The group fears that in the coming decades half of the world’s population will be exposed to water-stress or â€Å"water-scarce† conditions, which are expected to â€Å"intensify difficulties in meeting...consumption levels, and wreak devastating effects on our delicately balanced ecosystems.† In less developed countries, lack of access to birth control, as well as cultural traditions that encourage women to stay home and have babies, lead to rapid population growth. The result is ever increasing numbers of poor people across Africa, the Middle East, Southeast Asia, and elsewhere who suffer from malnourishment, lack of clean water, overcrowding, inadequate shelter, and AIDS and other diseases. And while population numbers in most developed nations are leveling off or diminishing today, high levels of consumption make for a huge drain on resources. Americans, for instance, who represent only four percent of world population, consume 25 percent of all resources. Industrialized countries also contribute far more to climate change, ozone depletion, and overfishing than developing countries. And as more and more residents of developing countries get access to Western media, or immigrate to the United States, they want to emulate the consumption-heavy lifestyles they see on their televisions and read about on the Internet. How Changing U.S. Policy Could Offset Environmental Harm Worldwide Given the overlap of population growth and environmental problems, many would like to see a change in U.S. policy on global family planning. In 2001, President George W. Bush instituted what some call the â€Å"global gag rule,† whereby foreign organizations that provide or endorse abortions were denied U.S. funding support. Environmentalists considered that stance to be shortsighted because support for family planning is the most effective way to check population growth and relieve pressure on the planet’s environment, and as a result, the global gag rule was rescinded in 2009 by President Obama but put back in place by Donald Trump in 2017. If only the United States would lead by example by cutting down on consuming, reducing deforestation practices, and relying more on renewable resources in our policies and practices, perhaps the rest of the world would follow suit - or, in some cases, lead the way and the U.S. follow - to ensure a better future for the planet.

A Comparison of Athens and Sparta Research Paper

A Comparison of Athens and Sparta - Research Paper Example It was at this time that Athens emerged as the most powerful of the city states. The city emerged as the cultural capital of the entire Greek world and it was the cradle of contemporary western science and philosophy. The Athenian empire reached its zenith during Pericles’s life time. The city was full of splendor and Athenians themselves believed it to be the ‘City of God’. On the other hand, Sparta represented to a totally different world. It had its own philosophy about administration, military, education and marriage. It also differed from Athens on ideas about the nature of relationship with other Greek empires. Although Sparta was a strong military state, it was content to remain in its territory and didn’t indulge in warfare for acquisitions of new territories. On the other hand, Athens had expansionist policies. It wanted to get hold of more and more Greek territories. This expansionist policy of Athens, proposed by Pericles, led to war between the two states which ended with the defeat of Athens. Athens suffered defeat at the hands of Sparta. Although Athenians were world renowned for their superior naval units, they succumbed to the Spartan military expertise. The reason for Spartan victory can be attributed to the upbringing and training of the Spartan soldiers. This demands an in-depth investigation into the similarities and dissimilarities of the two states. The Spartans differed from Athenians in many ways. The main points around which the commonalties or differences between the two states can be discussed are Economy, Art, Lifestyle, Women, Military and Sexuality. The economic or financial policies of a nation or state depend on the nature of politics prevalent in the country. Athens and Sparta were similar on this feature because both the state’s governments were elected by people. While the Athenian government pioneered the democratic system, Sparta was a military aristocracy (McNesse, 31). In Athens, participa tion came from all walks of life. Although there were restrictions on women, men were free to discuss new ideas in the assembly. On the other hand, Sparta had much more inflexible political framework. Its own ideologies and policies made Sparta politically and economically less active. Out of the two, Athens was more economically active. It was at the centre of a great trading network that dealt with goods from as far the Britain in the west to India in the east, bringing untold wealth into the city. This trade and Athens’s expansionist ambitions led to the building of Athenian naval empire which stretched across the Aegean Sea. Agriculture was the mainstay of Athenian economy. It also prospered because of the profits brought by mining and metal crafts. As said earlier, trade also played an important part in Athens’ economy. This is a feature where there lie stark differences between the two empires. In Sparta, economic activities were carried outside the city while th ere was no such thing with Athens. Sparta also lacked a currency system, a system which was very well developed in Athens. This meant that Sparta not only had very less interaction with the outside world, it also lay dormant as far as trade was concerned. Art is a dimension where the two empires Athens and Sparta differed a lot. During the period of coexistence of Sparta and Athens, Athens produced some of the greatest sculptors and philosophers of all time. Socrates, Phidias and Plato were philosophers who still represent the immortal soul of Greek and art and Philosophy. On the other hand, Sparta was only concerned with its military glory. Although early Sparta produces marvelous pottery, it was no match to Athenian art and mathematics.

Personal Statement for law admission Example | Topics and Well Written Essays - 1000 words

For law admission - Personal Statement Example Unfortunately, the government of Nepal is a highly repressive force and there were few opportunities for me to utilise the skills I learned in the academic realm. While working as a trekking guide in the Himalayans I met my future wife, the most wonderful and steady influence of my adult life. As she was an Australian citizen, I found the strength to leave the people and mountains that had structured my life for twenty-four years to enter into an uncertain future. Finding myself in a foreign land, with my language skills stretched and only a few hundred dollars in savings, we shared a small room in the outskirts of Perth and began the tremendously challenging yet rewarding task of building a life together. Within three weeks, I earned a position as a food and beverage attendant at Burswood Casino and Resort, where I am still employed. Eventually our hard work resulted in financial stability, and I began to consider the future. Wishing to take advantage of the freedom of expression and action available to me as a legal resident of Australia, I decided to dedicate myself to the goal of entering the legal profession. With that in mind, I passed the Education Institution University Board exam and submitted the application in your hands. Although I am Although I am only twenty-eight years old, I have learned much through my varied life experiences. Born and raised in Nepal, I comprehend the fundamental challenges of life and how a government can disregard what many see as fundamental human rights. My undergraduate experience in social science and humanities trained me in logically accessing issues and solving problems effectively. Never one to limit myself to a classroom, I also led tourists from around the world on challenging treks through the mountains and glaciers of Nepal. When I found love, I embraced the situation and was able to establish myself in a new country. Excited and committed to my life in Australia with my wife, I am still the son of Bal Bahadur and Laxmi Thapa and dedicated to individual justice and making a difference both here and in my homeland. For me, this opportunity transcends the simple considerations of financial renumeration on a growing field. In addition to the great benefits of further understanding varied aspects of the legal profession, eventually I want to enter the realm of investigating and protesting international human rights violations, especially in the highly conflicted regions of Rolpa and Rukum. In order to accomplish the ultimate goal of my life I need a strong and challenging education in law. I believe your university, with its excellent professors, extensive library and esteemed reputation, would provide the best home for me. I long to make a difference and I want the opportunity to dedicate myself to bettering the life of others. Please give me the opportunity to demonstrate that my intellectual capacity, real world experience and personal courage will lead to success at your institution. Thank you for your time and consideration, and I look forward to hearing from you in the

Environmental Issues of Canada Essay Example | Topics and Well Written Essays - 1500 words

Environmental Issues of Canada - Essay Example Enveloped with a coastline of 202,080 kilometers, extensive wilderness areas, plentiful of minerals, energy, farmland, Canada is a trillion-dollar class affluent society (The World Factbook - Canada, 2009). The Canadian people take immense pride in their national heritage. The two common unifying Canadian values often reported are: multiculturalism and love of nature (Angus, 1997). David Suzuki observes that Canadian people value and take care of their country's natural wealth. In a major academic study at Simon Fraser University which used the data published by the Organization for Economic Cooperation and Development (OECD), shows how Canadian Government is failing their own citizens. Writing about Canadian Government, Suzuki states; "we are not living up to our own expectations, let alone the international vision of our great country. Without a clear sustainability plan, and a monitoring system to mark our progress, we risk falling further behind (in preface to Simon Fraser University report, 2005)." The Simon Fraser University (SFU) report gave environmental performance rankings to OECD countries based on average rank on 29 environmental indicators. Canada stood at rank 28 out of 30, with USA and Belgium standing poorer than Canada (2005). It is interesting to note that Canada showed no improvement in rank relative to OECD countries between 1992 and 2002. The report also highlights that Canada's worst performance is on environmental indicators related to: volatile organic compound emissions, carbon monoxide emissions, and generation of nuclear waste. The SFU report also mentions Canada's ranking in environmental performance form other studies such as, the University of Victoria report, 28th rank of 29 in 2001; the Conference Board, 9th rank of 24 in 2004; the Yale Environmental Index, 69th rank of 146 in 2005. Of course the OECD report referenced in SFU study has some glaring methodical failings. For example: Canada ranked 27th in forestry based on its annual per capita harvest of trees, whereas Iceland, which has virtually no trees, ranked first. If the rankings had been based on harvest per hectare of forested area, Canada would have ranked 6th rather than 27th. In pesticide use, Canada ranked 22nd based on its annual per capita consumption, but on a per hectare basis Canada would have ranked fourth. The point of contention is that whilst indicators have a guidance value, in themselves, they may not paint the 'perfect truth value.' As a matter of fact, there are different versions of truth. As Boyd points out, the World Economic Forum's Environmental Sustainability Index, aimed at measuring the long term environmental prospects ranks Canada fourth out of 142 nations (2003). In other words, the versions of truth vary depending upon assumptions made and perspectives of survey. The Canadian Government and industry, for instance, have another story to tell. They claim that Canada has adequate policies and practices in place that has improved Canada's track record as the environment conscience keeper. In particular, recent surveys

Humanistic Era Essay Example | Topics and Well Written Essays - 1000 words

Humanistic Era - Essay Example National Labor Relations Act, also called the Wagner Act was introduced in 1935. This act gained existence in the period of Great Depression. Due to Great Depression, the employers have to minimize their functionalities, due to which, employees faced career uncertainty. Unions got active in order to support employees to get their rights. According to Jackson and Mathis (2007), collective bargaining was promoted by the US government under the Wagner act. The employees were not required to be a part of labor union to get their rights as they had the right.According to Bohlander and Snell (2009), the Wagner Act highlighted certain unjust labor actions such as persecution of employees in terms of using their rights, keeping bias against the workers and rejection of the notion of collective bargain for opting for the workers’ spokespersons.TheoristsMary Parker Follett informed in her theory that management should be authoritative with employees or not over them. Employees and emplo yers should form a relationship in which, they share authority and make decisions likewise. In this manner, processing and business functions will be eased out. She introduced the term participative management in her essay, â€Å"The Giving of Orders†.  Ã‚   Huston and Marquis (2008), inform about the theorist, Elton Mayo and his Harvard acquaintances who introduced Hawthorne effect. Like McGregor and Elton Mayo, Chris Argyris also claimed that authoritative behavior from the management’s side disheartens the employees and affect their performance.

The Use of Spearman Rank Correlation Coefficient by Messina and Coyne Term Paper

The Use of Spearman Rank Correlation Coefficient by Messina and Coyne - Term Paper Example From this research it is clear that in statistics the Spearman’s rank correlation coefficient (SRCC), also known as the Spearman’s rho, is greatly used. This provision derives its name from Charles Spearman and may be denoted by symbols rs or P. Maturi and Abdelfattah clearly explain that as a non-parametric measure used to gauge statistical independence that may exist between two variables, the Spearman’s rho is used to assess the most appropriate way of describing two variables through the use of a monotonic function. The Spearman’s rho is used mostly when both independent and dependent variables are ordinal, or when one of the variables is a continuous one, and the other an ordinal numeric. Conversely, Spearman’s rho may be used when the variables being measured are both continuous. In the article by Messina, Scott, Ganey, Zipp and Mathis it is clear that the use of the Spearman’s rho is very plausible. This is because patient satisfaction is not only the independent variable in Messina’s research analysis but also a continuous variable. At the same time, patient admission across teaching and nonteaching hospitals acts as both a dependent and continuous variable. Thus, in this work by Messina et al. the Spearman’s rho is used to study the relations that exist between the dependent variable and independent variable, and these variables are being represented by the volume that has been measured by admissions and the patient contentment mean score respectively. The use of Spearman’s rho’s correlation analysis is seen in the fact that Messina and his companions carried out the analysis on a pooled sample of seven nonteaching and seven teaching hospitals. It is from this development that the differences between the subsamples in teaching and nonteaching hospitals are analyzed through the use of Mann-Whitney U-Test. From this juncture, it became possible to determine whether or not there is an e xplicit association between admissions and patient satisfaction mean score in respect to the two variables. As one reads the study, it becomes clear that the mean for all admissions in teaching and nonteaching hospitals is 19,111 within the time frame of 1999-2003. The range is from 4,513 to 70,465. The mean score for the aggregate patient satisfaction is 82.57 within the five-year timeframe. The minimum aggregate is 79.0 while the maximum is 86.18. The use of Kurtosis as a form of descriptive analysis indicates that the mean score for patient satisfaction was normally distributed. In a nutshell, the use of the Spearman’s rho indicates a strong negative correlation between hospital admission within a given sample and patient satisfaction (rs = -.287, P = .018). The import of all these results is that lower inpatient volumes (in both teaching and nonteaching hospitals) are compatible with or relatable to higher patient satisfaction mean scores. 2) Comments on the Variables Use d and Spearman Rank Correlation Coefficient It is a fact that the variables that have been used by Messina, Scott, Ganey, Zipp and Mathis (2009) are very appropriate and applicable to the determination of the Spearman’s rho. Spearman’s rho determines the statistical independence between two variables, and it is a fact that Messina and his group use two variables: patient satisfaction and inpatient admissions in teaching and nonteaching hospitals. Again, just as Maturi and Abdelfattah (2008) explain, the Spearman’s rho is applicable in an area where one variable is continuous and the other an ordinal numeric, or where both variables are continuous in nature. Messina’s et al. (2009) independent (patient satisfaction) and dependent (inpatient admissions in teaching and nonteaching hospitals) variables are both continuous. These characteristics make the variables used qualify for Spearman’s rho analysis, so that, in light of the specific requirements o f SRCC, there is

Marketing at Walmart Essay Example | Topics and Well Written Essays - 500 words

Marketing at Walmart - Essay Example Many of the items were brand names and appeared to be of quality. Nevertheless, the prices were exceptionally low. They also offered a guarantee to match any competitor's prices. This seemed like a successful way to bring shoppers into the store. The store was full of customers even though it was late in the evening. I should stress that prices were exceptionally low. Even at a large hardware or grocery store the prices would probably have been about 20 per cent higher. The store was laid out in an intuitive manner. Similar items were grouped together. Electronics were in one clearly marked area. Food was in a separate corner of the store, as were the gardening supplies. Large signs directed customers to the appropriate sections of the store where they could find the items they required. No one appeared to be lost or confused. It took a few minutes to orient oneself in a store that enormous but it was relatively simple to find items. There were multiple displays which drew the custom er's eye to the excellent deal available. Clearly the manager had chosen attractive, useful products to discount and had set them aside to advertise to customers. The sales items were obvious and fit in well with the idea of the store as a general retailer where anything was available. These sales made sense. Most of the sales approach was laid-back.

The Use of Spearman Rank Correlation Coefficient by Messina and Coyne Term Paper

The Use of Spearman Rank Correlation Coefficient by Messina and Coyne - Term Paper Example From this research it is clear that in statistics the Spearman’s rank correlation coefficient (SRCC), also known as the Spearman’s rho, is greatly used. This provision derives its name from Charles Spearman and may be denoted by symbols rs or P. Maturi and Abdelfattah clearly explain that as a non-parametric measure used to gauge statistical independence that may exist between two variables, the Spearman’s rho is used to assess the most appropriate way of describing two variables through the use of a monotonic function. The Spearman’s rho is used mostly when both independent and dependent variables are ordinal, or when one of the variables is a continuous one, and the other an ordinal numeric. Conversely, Spearman’s rho may be used when the variables being measured are both continuous. In the article by Messina, Scott, Ganey, Zipp and Mathis it is clear that the use of the Spearman’s rho is very plausible. This is because patient satisfaction is not only the independent variable in Messina’s research analysis but also a continuous variable. At the same time, patient admission across teaching and nonteaching hospitals acts as both a dependent and continuous variable. Thus, in this work by Messina et al. the Spearman’s rho is used to study the relations that exist between the dependent variable and independent variable, and these variables are being represented by the volume that has been measured by admissions and the patient contentment mean score respectively. The use of Spearman’s rho’s correlation analysis is seen in the fact that Messina and his companions carried out the analysis on a pooled sample of seven nonteaching and seven teaching hospitals. It is from this development that the differences between the subsamples in teaching and nonteaching hospitals are analyzed through the use of Mann-Whitney U-Test. From this juncture, it became possible to determine whether or not there is an e xplicit association between admissions and patient satisfaction mean score in respect to the two variables. As one reads the study, it becomes clear that the mean for all admissions in teaching and nonteaching hospitals is 19,111 within the time frame of 1999-2003. The range is from 4,513 to 70,465. The mean score for the aggregate patient satisfaction is 82.57 within the five-year timeframe. The minimum aggregate is 79.0 while the maximum is 86.18. The use of Kurtosis as a form of descriptive analysis indicates that the mean score for patient satisfaction was normally distributed. In a nutshell, the use of the Spearman’s rho indicates a strong negative correlation between hospital admission within a given sample and patient satisfaction (rs = -.287, P = .018). The import of all these results is that lower inpatient volumes (in both teaching and nonteaching hospitals) are compatible with or relatable to higher patient satisfaction mean scores. 2) Comments on the Variables Use d and Spearman Rank Correlation Coefficient It is a fact that the variables that have been used by Messina, Scott, Ganey, Zipp and Mathis (2009) are very appropriate and applicable to the determination of the Spearman’s rho. Spearman’s rho determines the statistical independence between two variables, and it is a fact that Messina and his group use two variables: patient satisfaction and inpatient admissions in teaching and nonteaching hospitals. Again, just as Maturi and Abdelfattah (2008) explain, the Spearman’s rho is applicable in an area where one variable is continuous and the other an ordinal numeric, or where both variables are continuous in nature. Messina’s et al. (2009) independent (patient satisfaction) and dependent (inpatient admissions in teaching and nonteaching hospitals) variables are both continuous. These characteristics make the variables used qualify for Spearman’s rho analysis, so that, in light of the specific requirements o f SRCC, there is

Delivering Learning Environment for Visual and Physical Impair Child Essay

Delivering Learning Environment for Visual and Physical Impair Child through Touch - Essay Example My main aim was to enable him to develop his tactile skills to stimulate his interest and ability to experience the world around him and motivate him to move outward in the first place. Through the assignment, I developed my own knowledge and understanding about the movement displayed by the pupil in respect of his visual and physical impairment. I also gained a greater insight into the relationship between his cognitive and physical abilities. I was able to highlight the reason why the pupil lacked the motivation to learn. Overall, I feel more able to incorporate the immediate environment and activities to overcome difficulties in accessing stimuli more effectively for the visual and physically impaired pupils. Pupil Z observation in class The sensory story began with an adult verbally indicating ‘it is time to go to the Chocolate factory’ and playing ‘Charlie and the Chocolate Factory’ introductory song on the plasma screen. Pupil Z was in his normal activ ity time positions, in his wheelchair with a table in front of him to access objects and equipment. Pupil Z worked one-to-one with an adult sitting on the side of his wheelchair. It was evident that Pupil Z was making head movements toward the source of sound and making arm movements at the sides of his chair. Next an adult leading the activity asked ‘who wants a golden ticket to go to factory?’ and the shiny golden tickets were passed around to each pupil to take one. It was evident that the smooth texture of the golden ticket was not very motivating for Pupil Z to explore co-actively with the adult support when the song ‘Golden ticket’ was played on the plasma screen. Instead Pupil Z was thoroughly enjoying listening to the song by smiling, laughing and making lots of intentional head movements rather than co-actively exploring the ticket. When the music stopped the adult leading the activity indicated ‘the train has arrived, all aboard’ and pupils were encouraged to give their tickets to an adult. The adult working with Pupil Z lifted his left arm and placed the golden ticket in his hand without any verbal indication. This lasted a few seconds before the adult released his left arm and took away the golden ticket. Pupil Z naturally seemed to have a very steamy look on his face. The sound track of the train raiding playing in the background seemed to have a very calming effect on him after experiencing this unexpected movement. When the pupils arrived at the chocolate room the adult leading the activity indicated ‘we are in the chocolate room’ and further added ‘what can you smell? what can you smell?’ All adults repeated ‘chocolate, chocolate, mmm mmm mmm!’ The two types of coco butter were passed around to be smelt. When Pupil Z was presented with the choice of two butters to smell he made a sound and after a brief period of time began lifting his arms. He used the tactile search to localise one of creams put on his table. Unfortunately, this cue was missed by an adult who passed this cream to another pupil to explore. When all the pupils had experienced the smell of the two coco butters it was time to explore ‘Chocolate River’. The plastic bowl with milkshake was passed around. Pupil Z was encouraged to co-actively hold the wooden spoon and stir the milkshake. It was evident that Pupil Z was not very motivated to hold the plastic bowl and make co-active stirring actions with the wooden spoon. Instead he was trying to dip his fingers in

Kant Moral Law Theory Essay Example for Free

Kant Moral Law Theory Essay â€Å"Two things fill the mind with ever new and increasing admiration and awe the oftener and more steadily we reflect on them: the starry heavens above me and the moral law within me. † – Kant (1788), pp, 193, 259 Immanuel Kant introduced and initiated his ‘moral law theory’ in the late 18th century. The doctrine in question sought to establish and constitute a supreme or absolute principle of morality. Kant disputes the existence of an ‘ethical system’, whereby moral obligations are obligations of ‘purpose’ or ‘reason’. The accuracy of actions [i. e. the rightness or wrongness of an individual deed] is determined by its configuration and conformity with regard to ‘moral law’. Evidently, according to Kant, an immoral transaction is invariably contemplated as an illogical or unreasonable occurrence or action. The supreme moral principle is a consistent working criterion that proves to be practically helpful and theoretically enlightening when used by rational agents as a guide for making personal choices (Kant VI). A supreme guiding moral principle must carry with it an absolute necessity and be done out of duty to the moral law in order to be free from corruption. Kant believed in a fair and impartial law. He accredited and affirmed the presence of an objective moral law that we, as humans, were/are able to identify with through the process of reasoning. Kant argued that we are able to recognise and distinguish moral law, without making reference to the possible consequence or outcome. Immanuel Kant declared a differentiation between statements [i.e. posteriori and priori] that he believed to coincide with moral law. A posteriori statement is one that is based on experience of the material world. In opposition, a priori statement requires no such knowledge; it is known independent of the phenomenal world. Furthermore, Kant continued to make additional distinctions with regard to analytic and synthetic statements. An analytic statement, he claims, is one that by its very nature is necessarily true, as the predicate is included within the definition of the subject. Example: – [â€Å"all squares have four sides†]. The previous statement is of an analytic nature, as the predicate, i. e. the square having four sides, is implicit and is part of the definition of the subject – [â€Å"square†]. An analytic statement is necessarily true – true by its own authority, and is purely explicative, as it tells us nothing new about the subject. In contrast, a synthetic statement is one in which the predicate is not included in the definition of the subject, and thus is not necessarily true. A synthetic statement also tells us something new about the subject. Prior to Kant, it was widely accepted that there were only two types of statement: a priori analytic and a posteriori synthetic. Kant accepted these two statements although believed there to be a third: a priori synthetic statement. These are statements that are known independent of experience that may or may not be true. Kant claimed that these priori synthetic principles are inherent within us and therefore subsequently form the basis of all moral decision making. Kant’s theory is based on and is primarily concerned with the aspect of ‘duty’. Kant believed and promoted the notion that to act morally is one’s ‘duty’, and one’s ‘duty’ is to act and proceed in accordance to the principles of moral law. Due to this, Kant’s theory is categorised and distinguished as a ‘deontological argument’. A deontological theory is one that maintains the moral rightness or wrongness of an action and depends on its fundamental qualities, and is independent of the nature of its consequence – â€Å"Duty for duty’s sake†. This perspective can be viewed in contrast to the beliefs and ‘rules’ associated and belonging to teleological arguments, i. e. utilitarianism. Immanuel Kant argued that moral requirements are based on a standard of rationality he dubbed the â€Å"Categorical Imperative. The categorical imperative has derived from the initial belief and notion that humans base their moral judgment on pure reason alone. This view can be viewed in contrast to a ‘morality theory’, which assumed/s that human’s actions are guided by emotions or desires. Example: When deciding what I ought to say to a friend who is distraught. Rationale would dictate that I give sensible advice, whereas my emotions may impulsively tell me to give comfort and sympathy. The categorical imperative declares and differentiates between obligatory and forbidden actions, and places further emphasis on the notion of ‘duty’. This statement can be strengthened through the following quotation – [â€Å"All in imperatives command either hypothetically or categorically†¦ If the action would be good simply as a means to something else, then the imperative is hypothetical; but if the action is represented as a good in itself†¦ then the imperative is categorical. †]. Example: If someone tells me that they will buy me dinner if I give them a lift into town, then this is a conditional action and would fall into the hypothetical imperative category. Conversely, if I think that I should give my friend a lift into town with no other agenda (i. e. she will not buy me dinner because of it), then this is a categorical imperative because it is independent of my interest and could apply to other people as well as myself. There are three principles of the categorical imperative: * Universal law; * Treat humans as ends in themselves; * Act as if you live in a kingdom of ends. 1. The categorical imperative is [â€Å"Do not act on any principle that cannot be universalised†]. In other words, moral laws must be applied in all situations and all rational beings universally, without exception. 2. [â€Å"Act that you treat humanity, both in your own person and in the person of every other human being, never merely as a means, but always at the time as an end. †] – The previous statement declares that we must never treat people as means to an end. You can never use human beings for another purpose, to exploit or enslave them. Humans are rational and the highest point of creation, and so demand unique treatment. 3. The quotation [â€Å"So act as if you were through your maxim a law-making member of a Kingdom of ends†] states Kant’s belief in the fact that humans should behave as though every other individual was an ‘end’. In conclusion, it is arguable that the categorical imperative possesses a sense of authority with regard to what actions are permitted and forbidden under Kant’s moral law theory.

Managing Change At Procter And Gamble Commerce Essay

Managing Change At Procter And Gamble Commerce Essay The world of business is facing different changes in the environment which create opportunities and threats. As a result, businesses make changes in different processes that are related to work place more abruptly and often compare before. This is because these changes can influence the speed and quality of the performance of companies including: acquisitions, merging, innovation, restructuring and downsizing which can result to the growth of climate of uncertainty (FEAP n.d.). Currently, the business world is facing different changes that are related to technology, regulation and competition and economic condition which affect the perceptions and behavior of the customers and other stakeholders of the company. Due to this, change is considered as inevitable in the world of business, because change constitute growth and development. According to Peter Drucker, any change in any organizational culture and management is considered as normal and healthy (cited in Dulebohn 2006, p. 37). It will be impossible for any business to grow and improve without improving any changes in order to cope with the changes happenings in the environment its operating. Any change to be done inside and outside the organization can help the entire organization to adjust to the current situation of the market and industry, by improving and adjusting the culture and other important internal aspects of the organization. Therefore, it is important to consider that change is the most important decision of the top level management of different companies; however, it is one of the most taken for granted aspect of management, particularly regarding the issue of lack of involvement. This paper will focus on implementation of change in Procter and Gamble (PG). PG offers branded products of superior quality and value in order to improve the lives of the consumers from different parts of the globe. This results in: leadership sales, profits as well as value creation, which allow all the stakeholders to prosper (PG UK 2010). Currently, the company markets more than 300 branded products and operating in more than 80 countries and employs about 140,000 people (PG UK 2010). The business started when William Procter and James Gamble started their business of making and selling soap and candles separately on April 12, 1837. In August 22 of the same year, the two decided to formalize their business relationship by pledging $3, 3596.47 in Cincinnati, Ohio and signed in October 31. The initial foray of PG into branding was The Moon and Stars, a trademark that have appeared on all products of the company starting early 1860s (PG UK 2010). As a result of this effort and the unyielding commitment of the company to strengthen the brand, widening portfolio and delivering high level of customer service, PG ranked 10th in the Fortunes Most Admired Companies in 2007 and hailed as the 23rd largest company by US revenue and 14th largest in terms of profit. Because of the dominance and leadership of PG in different consumer product categories, it is important for the company to focus on the improvement to be done in its overall operation. The company focuses on adopting new changes and seizes new opportunities that the company created. This paper will focus on analyzing the new technology to be applied in PG that will help to improve its current operation and performance. Background to Change Background of Change One of the important characteristics of PG and the reason behind the success of the company is its ability to cope with change. The company focuses on adopting different changes that will help to improve its performance. If needed, the company is willing to unlearn habits as well as assumptions that were rapidly becoming obsolete and challenge traditional skills as well as strengths. Based on this, change is the term that equates with PG and it happens in major events, such as technological innovations inside the company. One of the major technological movements of the company is the concept of Enterprise Content Management (ECM) in 2003. This enables the company to implement content spread across different applications. The result is the integration from back-end system into the more appropriate application of choice. It also enables the company to move from unstructured to structured content management and have been applied to the internal stakeholders to enable information life cycle management. This had helped in order to create, store, retrieve and distribute information that lead to trimmed cost and improved collaboration. However, this system created some problems or threats that might affect the operation of the company. There is a need to tap virtual working opportunities, at the same time, reduce the workload because of web-based space and chargeback reports. Therefore, it is important to implement smarter working practices and focuses on the need for a fully integrated web-based facilities management environment. This action is connected to the goal and mission of the company to use innovative technologies that will help PG to work smarter, faster and more efficiently. Therefore, based on this, it is important to implement new system that will help in order to fully integrate the operation of PG in the UK, as well as other parts of the world. This is important because it can help in order to lessen the effort that must be exerted by the employees in terms of managing the system, at the same time, it can help in order to fully integrate the system that will handle the data of different departments and units of PG UK, which will help in order to improve the decision-making process. Strengths and Weaknesses of PG In connection with the current problem of the company, and the proposed change, it is important to focus on the strengths and weaknesses of PG. One of the strength of PG focuses on its ability to handle change. This pertains on the different activities of the company regarding researchers and development. One of the main activities in the company is researching regarding the changes that are going on in the environment, which the company believes that could offer threats and opportunities. Due to this, it can be said that being open to change is strength for PG because of its willingness to adopt development and improvement. Furthermore, the company also has a strong relationship and connection with other IT organizations which enables the company to have connections with those companies that are informed and skilled in this aspect. With the connection and the willingness to learn and change, the company will have edge in the said aspect. On the other hand, the weakness of the company will focus on the ability of the employees of the company to use the fully integrated system. This will be a problem because the perceptions of the employees towards a system are important factor that will affect their individual performance, thus the overall performance of the company. Organizational Development Organization development (OD) is a powerful set of concepts and techniques in order to improve the effectiveness and individual well-being of an organization (Friday 2003, p. 2). In the case of PG, the application of new technology, online workspace system, it can offer different development and improvement for the company. This can help in order to build up an inventory of applications that will deliver information for the entire business units in the UK as well as other parts of the globe, which will help in order for the information to be available as the services through the portal. With this, the employees as well as managers will be able to reuse systems and codes from other parts of the business including purchasing, marketing, logistics, manufacturing and other parts of the company. Furthermore, it can also offer a security module which will help in order to protect information, at the same time, offer service platform that will facilitate data from different sources that can be accessed when needed. Overall, it can help in order to improve and maintain decision-making, at the same time, increasing the access of the internal and external stakeholders to knowledge and information (Mari 2008). Systems for Process of Change Systems of Change The nature of change program falls under three important categories, including continuous improvement, knowledge management and management by objectives. The continuous improvement placed its focus on the improvement of the satisfaction of the customers by implementing continuous and incremental improvements to processes. This focuses on offering workers with flexible data access, particularly regarding the ongoing management of web content. On the other hand, knowledge management pertains on the collection and management of critical knowledge for the purpose of increasing the capacity in order to achieve results. With the help of the program, the application of computer technology can help to wider the audience and connection with the stakeholders. Above all, the ongoing tracking and feedbacks can help in order to motivate PG to reach its objectives by way of employee and consumer inputs. This change will focus on satisfying the end-users and develop products that are innovative, which will help to improve the lives of the consumers and the employees of the company. Three important strategies will be implemented in order to capture the end-users requirements and build new products in meeting those requirements. The first two are interactive, which pertains to: living it and working it, while the third pertains on the innovation labs. The innovation labs focus on the needs that are not articulated in direct manner. Aside from these, the corporate portal will also focus on implementing personalized website which will mainly focus on individual websites of each and every products of the company. This will focus on refurbishing the website, introducing new workspace standards, flexible hot desks for workers who occasionally work at home and additional meeting and huddle rooms. With this, different physical and structural aspect of the company will be changed. The structure of the organization will be changed in a way that managers and employees will be trained and coached with accordance to the new system. Furthermore, it will also focus on the improvement and changing the overall standards, rules and procedures being implemented inside the company. This is because it can help in order to ensure that everything is based on the mission, vision and goal of the company. Evaluation Assessment and evaluation is important in any change or any actions or strategies to be implemented in an organization. This is because, it can help in order to ensure and maintain that the planned outcome of the program is the exact result, at the same time, ensure that the company acquires competitive advantage. It is important to focus on the main purposes of the program: management support, internal and external communication and program operation. These important factors will be the deciding factors in the evaluation process to know if the program is effective. With this, it is important to implement intensive communication between the different levels of management. It is vital to maintain formal and informal communication via reporting in order to know the status of each and every changes being implemented inside the organization. In the end, evaluation of the impact of the system to the organization will be evaluate by asking the employees about the result of the system and i ts advantages and advantages in their current works and roles, at the same time, focuses on the overall performance of the company via the financial and other resources matters. Models of Implementation Commonly, business leaders considered IT to be costly; however, it is important for PG to focus on becoming and continuing to be innovation leader, particularly in the UK. Therefore, it is important to unite the IT aspect of the company with its core business services as the core strategy. With this change, it will help to drive shared services across business process with the ongoing commitment in order to maintain the top-to-bottom focus regarding the mission. In the entire change process, the eight-stage process by Kotter (1996). 1. Establishing a sense of urgency it is important to overcome complacency. This can be done by creating a strong reason why change is needed. The current implementation of IT in PG created several problems and threats which include duplication and inefficiency. As a result, there is a need to implement new IT platform which will help the company to integrate its current business applications and processes. Thus, the new system will help to focus on scalability, flexibility and easy-to-use system which will help to handle different processes and flow of information and data inside the organization. 2. Creating the guiding coalition it is vital to build a team with the right composition of power, level of trust and shared objectives in order to lead the change. In the case of the PG UK, the guided coalition will be from Cincinnati headquarter by Passerni. This is because the said guiding coalition must conform to the international operation of the company. Thus, in the continuing effort of the company to leverage scale as a global business while retaining the local touch, PG will focus on transforming its global strategic thinkers with aggressive entrepreneurial spirit, with the influence of the improving IT capabilities and skills. Thus, the company will focus on the three important structural drivers including: global organization, holistic thinking across the business process; organizations and technologies; and growth of partnership with HP, IBM and other important IT companies. 3. Developing a vision and strategy this pertains on the clarification of direction, motivating people and helping coordination. The premise focused on how new technologies must find its purpose on delivering the product of PG in the market. Through this process, PG will continue to be the entrepreneurial thinker where in innovative ways that are related on improving the current products and services being offered to the current market and target market. With this, it can help in order for the company to maintain its position in the UK market, at the same time, ensure that continuous innovation and development will be done. 4. Communicating the change vision understanding is vital in any change management, because it can affect the overall change implementation. The actors of this change are the members of the enterprise architecture unit at PG. In order to gain the 100% employee buy-in, it is important that the bulk of ideas will be generated from different sources from the top IT providers to the employee who work on shop floor. This will cause 10% to 15% jobs changes and structural changes. Communication strategies to be implemented are downward and horizontal communication (Guffrey n.d.). Downward communication refers to communications from superior to those who report to them. These may be used in order to communicate about job instructions, job rationale, procedures and practices, performance feedback and company missions. On the other hand, the horizontal communication consists of message between colleagues at the same level of organization (CMR Institute 2006). Overall, the information will flo w from decision-makers and will be shared between lateral channels (Guffrey n.d.). 5. Empowering employees for broad based action this stage will focus on eliminating barriers and time constraints. The team approach gets hold of the willingness of each and every employee for the implementation of the online workspace system. This will help in order to empower the employees for broad-based action. It is vital to focus on creating sense of involvement to the employees, at the same time implement self-directed work teams in order to meet their objectives of adapting to the online workspace systems. The company will focus on implementing different training and development programs that will help to coach and train the employees to be familiar with the new system. 6. Generating short terms wins it is important to stay on the course as major change will take long time. The said change is an indication that the top management of the company must focus on the strategic actions that focus on the total business perspective and not just focus towards the product or the employee. It is vital to focus on the organizational process, decision making and innovation with connection on the IT strategy and the business needs in order to generate short term wins. 7. Consolidate gains and produce more change using short term wins, with this change, the company can focus on international change, particularly in the sense of the geographically dispersed business units, it is important to focus on the development of the organization, global business service as well as corporate functions into a single, cohesive collaboration. 8. Anchor the new culture it is important to innovate and change in continuous manner in order to firmly ground the operating style. It will pertain on the multi-layer content management architecture, at the same time, leverage open standards consolidating the gains. The paradigm shift was from being technologies-thinking into solution-thinking. Conclusion and Recommendation Change is inevitable, particularly in the world of business. Change can cause both positive and negative results for any company. First, change means growth and improvement, thus it can help companies to focus on the different threats and opportunities which can be implemented and prevented inside the organization in order to ensure success and maintain position in the market and industry. On the other hand, change can also cause negative results for any company, particularly in the aspect of management. It can cause huge amount to be spent, at the same time great effort to be exerted in order to ensure that the change will not affect the behavior and attitudes of the employees and other important stakeholders towards the company. In the case of PG, it is important for the company to focus on improving its IT, because it can help to maintain competitive advantage by ensuring that information flow is properly manage, at the same time, ensure that all the stakeholders in the company are properly connected in the decision-making process. With this, it is vital for PG to focus on the different aspects that are related with the change management, including theories and practices.

2 Samuel 12 1-31 Essay -- Scripture Analysis

2 Samuel 12 1-31 The story line begins with God sending Nathan the prophet. Who is Nathan the prophet. He is described as a messenger, a courtroom advisor a man of great integrity. A man firm in his faith to God, his social status Places him in the position to know the inner working of the royal household and with revelation from God. Nathan is skilled, faithful and willing to serve a powerful Prophetic message from God. In today’s account Nathan would be looked upon as a role model. Nathan techniques would describe him to be a great storyteller. The bible tells us Nathan, served King David and his son King Solomon. There are three major revelation accounts Nathan was involved in expressing God’s message. 1. "A House For My Name† 2 Samuel 7:4-7,12-13 2. "You Are The Man!"2 Samuel 12:1-9 3. Adonijah's Attempt To Take The Throne 1 Kings 1:9-14 More information concerning Nathan reigns of both King David and King Solomon? 2 Chronicles 29:29 and 2 Chronicles 9:29 Scripture verse 2 Samuel 12 1-4 The LORD sent Nathan to David. When he came to him, he said, "There were two men in a certain town, one rich and the other poor. 2 The rich man had a very large number of sheep and cattle, 3 but the poor man had nothing except one little ewe lamb he had bought. He raised it, and it grew up with him and his children. It shared his food, drank from his cup and even slept in his arms. It was like a daughter to him 4 "Now a traveler came to the rich man, but the rich man refrained from taking one of his own sheep or cattle to prepare a meal for the traveler who had come to him. Instead, he took the ewe lamb that belonged to the poor man and prepared it for the one who had come to him." The confrontational m... ...on my face and I hung on to every word my Pastor preaching because God had told me my deliverance was at hand. What kind of fried was Nathan He was not a friend who Gossip He was not a friend who pointed his finger He was not a friend who discredit his friend He was not a friend to make fun of the situation Nathan was a real friend to King David The bible gives us instruction on how to be a real friend and how to seek Godly counsel. God often uses other believer to strengthen, encourage and enrich our lives regardless of the negative situation or circumstances. Gal. 6:2 "Carry each other's burdens, and in this way you will fulfill the law of Christ. John 15: 12 My command is this: Love each other as I have loved you. John. 15:15 I no longer call you servants, because a servant does not know his Master’s business. Instead I have called

Challange Faced by University Students Essay

Education is the most important aspect of learning for every generation established in every mode. In university there are different field of studies with different years of each program. It is obvious that new students are going to face further challenges in university. In this case, these challenges could be the burden which can pull them out of the school without completing their studies. This essay will discuss these challenges in condition of financial, social, and academic. To begin with, financial problems are a major challenge for university students includes tuition fee, rent expenses, and text books. Tuition fee is the most common challenge for these students. Though, for some they only take one or two units per semester because of financial problems. The high costs of fee causes many problems for those who are not sponsored. Besides, fee expenses for each semester cost of thousands of dollars. So, tuition fee is a great burden for the unsponsored students. Furthermore, text books are the most essential property students must have in university. First year students also suffered in buying text books regarding to financial problem. Those who are not sponsored are suffered the most on the high cost of these books. Another challenge is that some of them have not enough money in a pocket. But in this case, such challenges can create lot of troubles in their minds throughout their time in the university. Moreover, rent is also a challenge for these students. These students might live in different hostels where some are cheap but isolated from the campus, and some are nearby the campus but expensive. It is better to live nearby the campus for new students to avoid troubles. However, they have problem with monthly rent where it is expensive but must be cleared. Another reason is based on a small amount of their allowance which cannot meet their expenses on rent and others. However, these financial challenges make them concern the most. Another major†¦ [continues].

Business Ethics and Corporate Governance in Lic of India

OVERVIEW INSURANCE- AN INTRODUCTION Meaning: Insurance may be described as a social device to ensure protection of economic value of life and other assets. Under the plan of insurance, a large number of people associate themselves by sharing risks attached to individuals. The risks, which can be insured against, include fire, the perils of sea, death and accidents and burglary. Any risk contingent upon these, may be insured against at a premium commensurate with the risk involved. Thus, collective bearing of risk is insurance. Insurance = Collective Bearing of Risks| Insurance is a contract whereby, in return for the payment of premium by the insured, the insurers pay the financial losses suffered by the insured as a result of the occurrence of unforeseen events. The term â€Å"risk† is used to describe the possibility of adverse results flowing from any occurrence or the accidental happenings, which produce a monetary loss. Insurance is a pool in which a large number of people exposed to a similar risk make contributions to a common fund out of which the losses suffered by the unfortunate few, due to accidental events, are made good. The sharing of risk among large groups of people is the basis of insurance. Related article: Disadvantages of Ethics in Business The losses of an individual are distributed over a group of individuals. Insurance is nothing but a system of spreading the risk of one onto the shoulders of many. While it becomes somewhat impossible for a man to bear by himself 100% loss to his own property or interest arising out of an unforeseen contingency, Insurance is a method or process which distributes the burden of the loss on a number of persons within the group formed for this particular purpose. Definitions: Fundamental Definition In the words of D. S. Hansell, â€Å"Insurance accumulates contributions of all parties participating in the scheme. Contractual Definition In the words of Justice Tindall, â€Å"Insurance is a contract in which a sum of money is paid to the assured as consideration of insurer’s incurring the risk of paying a large sum upon a given contingency†. Working of Insurance Insurance Industry in India : The origin of life insurance in India can be traced back to 1818 with the establishm ent of the Oriental Life Insurance Company in Calcutta. It was conceived as a means to provide for English Widows. In those days a higher premium was charged for Indian lives than the non-Indian lives as Indian lives were considered riskier for coverage. The Bombay Mutual Life Insurance Society that started its business in 1870 was the first company to charge same premium for both Indian and non-Indian lives. In 1912, insurance regulation formally began with the passing of Life Insurance Companies Act and the Provident Fund Act. By 1938, there were 176 insurance companies in India. But a number of frauds during 1920s and 1930s tainted the image of insurance industry in India. In 1938, the first comprehensive legislation regarding insurance was introduced with the passing of Insurance Act of 1938 that provided strict State Control over insurance business. Insurance sector in India grew at a faster pace after independence. In 1956, Government of India brought together 245 Indian and foreign insurers and provident societies under one nationalized monopoly corporation and formed Life Insurance Corporation (LIC) by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore. Before 1956, insurance was private with minimal government intervention. In 1956, life insurance was nationalized and a monopoly was created. In 1972, general insurance was nationalized as well. But, unlike life insurance, a different structure was created for the industry. India had the nineteenth largest insurance market in the world in 2003. Strong economic growth in the last decade combined with a population of over a billion makes it one of the potentially largest markets in the future. Insurance in India has gone through two radical transformations. One holding company was formed with four subsidiaries. As a part of the general opening up of the economy after 1992, a Government appointed committee recommended that private companies should be allowed to operate. It took six years to implement the recommendation. Private sector was allowed into insurance business in 2000. However, foreign ownership was restricted. No more than 26% of any company can be foreign-owned. A totally regulation free regime ended in 1912 with the introduction of regulation of life insurance. A comprehensive regulatory scheme came into place in 1938. This was disabled through nationalization in what follows; we examine the insurance industry in India through different regulatory regimes. But, the Insurance Act of 1938 became relevant again in 2000 with deregulation. With a strong hint of sustained growth of the economy in the recent past, the Indian market is likely to grow substantially over the next few decades. The rest of the chapter is organized as follows. First, we study the evolution of insurance business before nationalization. This is important because the denationalized structure brought back to play important legal rules from 1938. Next we analyze the nationalized era separately for life and property casualty business as they were not nationalized simultaneously. Much of post-independence history of insurance in India was the history of nationalized insurance. In the following section, we examine the new legal structure introduced after the industry was denationalized in 2000. In the penultimate section, we examine the current state of play and projected future of the industry. Important Milestones in the Life insurance business in India: * 1870: Bombay Mutual life assurance society is the first Indian owned life insurer. * 1912: The Indian Life Assurance Companies Act enacted as the first statute to regulate the life insurance business. 1928: The Indian Insurance Companies Act enacted to enable the government to collect statistical information about both life and non-life insurance businesses. * 1938: Earlier legislation consolidated and amended to by the Insurance Act with the objective of protecting the interests of the insuring public. * 1956: 245 Indian and foreign insurers and provident societies taken over by the central government and nationalized. LIC formed by an Act of Parliament- LIC Act 1956- with a capital contribution of Rs. 5 crores from the Government of India. * 1997: Insurance regulator IRDA set up. 2000: IRDA starts giving licenses to private insurers like Kotak Life Insurance, ICICI Prudential and HDFC Standard Life insurance first private insurers to sell a policy. * 2001: Royal Sundaram Alliance first non life insurer to sell a policy. * 2002: Banks were allowed to sell insurance plans. As Third Party Administrations (TPAs) enter the scene, insurers start setting non-life claims in the cashless mode. * 2004-05: The Government proposed for increasing the foreign equity stake to 49%. * 2007: First Online Insurance portal, set up by an Indian Insurance Broker, Bonsai Insurance Broking Pvt. Ltd. LIFE INSURANCE CORPORATION ACT, 1956 An act to provide for the nationalization of life insurance business in India by transferring all such business to a Corporation established for the purpose and to provide for the regulation and control of the business of the Corporation and for matters connected therewith or incidental thereto. BUSINESS ETHICS Ethics are  moral guidelines  which govern  good behavior. So behaving ethically is  doing what is morally right. Behaving ethically in business is widely regarded as good business practice. To provide you with a couple of quotes: Ethical principles and standards in business: * Define acceptable conduct in business * Should underpin how management make decisions An important distinction to remember is that behaving ethically is not quite the same thing as behaving lawfully: * Ethics  are about what is right and what is wrong * Law  is about what is lawful and what is unlawful You will probably note the link between business ethics and corporate social responsibility (CSR). The two concepts are closely linked: * A socially responsible firm should be an ethical firm * An ethical firm should be socially responsible However there is also a distinction between the two: * CSR is about responsibility to all stakeholders and not just shareholders * Ethics is about  morally correct behavior How do businesses ensure that its directors, managers and employees act ethically? A common approach is to implement a  code of practice. Ethical codes are increasingly popular – particularly with larger businesses and cover areas such as: * Corporate social responsibility * Dealings with customers and supply chain * Environmental policy & actions * Rules for personal and corporate integrity NEED OR IMPORTANCE OF BUSINESS ETHICS These 12 points below discuss the need, importance of business ethics: 1. Stop business malpractices: Some unscrupulous businessmen do business malpractices by indulging in unfair trade practices like black marketing, artificial high pricing, adulteration, cheating in weights and measures, selling of duplicate and harmful products, hoarding etc. These malpractices are harmful to the consumers. Business ethics help to stop these business malpractices. 2. Improve customers’ confidence: Business ethics are needed to improve the customers’ confidence about the quantity, quality, price, etc of the products. The customers have more trust and confidence in the businessmen who follow ethical rules. 3. Survival of business: Business ethics are mandatory for the survival of the business. The businessmen who do not follow it will have short term success, but they will fail in the long run. This is because they can cheat a consumer only once. After that, the consumer will not buy products from that businessman. He will also tell others not to buy from that businessman. So this will defame his image and provoke a negative publicity. This will result in the failure of the business. Therefore, if the businessmen do not follow ethical rules, he will fail in the market. 4. Safeguarding consumers’ rights: The consumer has many rights such as right to health and safety, right to be informed, right to choose, right to be heard, right to redress, etc. But many businessmen do not respect and protect these rights. Business ethics are must to safeguard these rights of the consumers. 5. Protecting employees and shareholders: Business ethics are required to protect the interest of employees, shareholders, competitors, dealers, suppliers, etc. It protects them from exploitation through unfair trade practices. . Develops good relations: Business ethics are important to develop good and friendly relations between business and society. This will result in a regular supply of good quality goods and services at low prices to the society. It will also result in profits for the businessmen thereby resulting in growth of economy. 7. Creates good image: Business ethics create a good image for the business and businessmen. If the businessmen follow all ethical rules, then they will be fully accepted and not criticized by the society. The society will always support those businessmen who follow this necessary code of conduct. 8. Smooth functioning: If the business follows all the business ethics, then the employees, shareholders, consumers, dealers and suppliers will all be happy. So they will give full cooperation to the business. This will result in the smooth functioning of the business. 9. Consumer movement: Business ethics are gaining importance because of the growth of the consumer movement. Today the consumers are aware of their rights. Now they are more organized and cannot be cheated easily. They take actions against those businessmen who indulge in bad business practices. They boycott poor quality, harmful, high priced and duplicate goods. Therefore, the only way to survive in business is to be honest and fair. 10. Consumer satisfaction: Today, consumer is the king of the market. Any business simply cannot survive without the consumers. Therefore, the main aim or objective is consumer satisfaction. If the consumer is not satisfied, then there will be no sales and thus no profits too. Consumer will be satisfied only if the business follows all the business ethics, and hence are highly needed. 11. Importance of labour: Labour i. e. employees or workers play a very crucial role in the success of a business. Therefore, business must use business ethics while dealing the employees. The business must give them proper wages and salaries and provide them with better working conditions. There must be good relations between employer and employees. The employees must also be given proper welfare facilities. 12. Healthy competition: The business must use business ethics while dealing with the competitors. They must have healthy competition with the competitors. They must not do cut throat competition. Similarly, they must give equal opportunities to small-scale business. They must avoid monopoly. This is because monopoly is harmful for the consumers. CORPORATE GOVERNANCE Good corporate governance contributes to a company’s competitiveness and reputation, Corporate governance  is â€Å"the system by which companies are directed and controlled†. It involves regulatory and market mechanisms, and the roles and relationships between a company’s management, its board, its shareholders  and other  stakeholders, and the goals for which the corporation is governed. In contemporary business corporations, the main external stakeholder groups are shareholders, debt holders, trade  creditors, uppliers, customers and communities affected by the corporation's activities. . Internal stakeholders are the  board of directors,  executives, and other employees. Much of the contemporary interest in corporate governance is concerned with mitigation of the conflicts of interests between stakeholders. Ways of mitigating or preventing these conflicts of interests incl ude the processes, customs, policies, laws, and institutions which have impact on the way a company is controlled. An important theme of corporate governance is the nature and extent of  accountability  of people in the  business. IMPORTANCE OF CORPORATE GOVERNANCE The need, significance or importance of corporate governance is listed below: 1. Changing Ownership Structure: In recent years, the ownership structure of companies has changed a lot. Public financial institutions, mutual funds, etc are the single largest shareholder in most of the large companies. So, they have effective control on the management of the companies. They force the companies to use corporate governance. That is, they put pressure on the management to become more efficient, transparent, accountable, etc. They also ask the management to make consumer-friendly policies, to protect all social groups and to protect the environment. So, the changing ownership structure has resulted in corporate governance. 2. Importance of Social Responsibility: Today, social responsibility is given a lot of importance. The Board of Directors has to protect the rights of the customers, employees, shareholders, suppliers, local communities, etc. This is possible only if they use corporate governance. 3. Growing Number of Scams: In recent years, many scams, frauds and corrupt practices have taken place. Misuse and misappropriation of public money are happening everyday in India and worldwide. It is happening in the stock market, banks, financial institutions, companies and government offices. In order to avoid these scams and financial irregularities, many companies have started corporate governance. 4. Indifference on the part of Shareholders: In general, shareholders are inactive in the management of their companies. They only attend the Annual general meeting. Postal ballot is still absent in India. Proxies are not allowed to speak in the meetings. Shareholders associations are not strong. Therefore, directors misuse their power for their own benefits. So, there is a need for corporate governance to protect all the stakeholders of the company. 5. Globalization: Today most big companies are selling their goods in the global market. So, they have to attract foreign investor and foreign customers. They also have to follow foreign rules and regulations. All this requires corporate governance. Without Corporate governance, it is impossible to enter, survive and succeed the global market. 6. Takeovers and Mergers: Today, there are many takeovers and mergers in the business world. Corporate governance is required to protect the interest of all the parties during takeovers and mergers. 7. SEBI: SEBI has made corporate governance compulsory for certain companies. This is done to protect the interest of the investors and other stakeholders. PROFILE OF THE ORGANISATION LIFE INSURANCE CORPORATION OF INDIA Life Insurance Corporation of India  (LIC) is the largest  insurance group  and  investment company  in India. It’s a state-owned where  Government of India has 100% stake. LIC also funds close to 24. 6% of the Indian Government's expenses. It has assets estimated of  13. 25 trillion (US$264. 4 billion). It was founded in 1956 with the merger  of 243 insurance companies and provident societies. Headquartered in  Mumbai, financial and commercial capital of India, the Life Insurance Corporation of India currently has 8 zonal Offices and 113 divisional offices located in different parts  of India, around 3500 servicing offices including 204 8 branches, 54 Customer Zones, 25 Metro Area Service Hubs and a number of Satellite Offices located in different cities and towns of  India and has a network of 13,37,064 individual agents, 242 Corporate Agents, 79 Referral Agents, 98 Brokers and 42 Banks (as on 31. 3. 011) for soliciting life insurance business from the public. The slogan of LIC is â€Å"Yogakshemam Vahamyaham† which translates from Sanskrit to â€Å"Your welfare is our responsibility†. The slogan is derived from the Ancient Hindu text, the  Bhagavad Gita's 9th Chapter, 22nd verse. The literal translation from Sanskrit to English is â€Å"I carry what you require†. The slogan can be seen in the logo and is written in Devanagiri script below the hands holding the lamp. | Type | State-owned| Industry| Financial services| Founded| 1 September 1956| Headquarters| Mumbai,  India| Key people| D. K. Mehrotra, (Chairman)| Products| Life  and  insurance, investment,  mutual fund| Total assets| 13. 25 trillion (US$264. 34 billion)(2010)| Owner(s)| Government of India| Employees| 115,966 (2010)| Subsidiaries| LIC Housing Finance LIC Cards Services LIC Nomura Mutual Fund| Website| www. licindia. in| OBJECTIVES OF LIC OF INDIA * Spread Life Insurance widely and in particular to the rural areas and to the socially and economically backward classes with a view to reaching all insurable persons in the country and providing them adequate financial cover against death at a reasonable cost. Maximize mobilization of people's savings by making insurance-linked savings adequately attractive. * Bear in mind, in the investment of funds, the primary obligation to its policyholders, whose money it holds in trust, without losing sight of the interest of the community as a whole; the funds to be deployed to the best advantage of the investors a s well as the community as a whole, keeping in view national priorities and obligations of attractive return. * Conduct business with utmost economy and with the full realization that the moneys belong to the policyholders. Act as trustees of the insured public in their individual and collective capacities. * Meet the various life insurance needs of the community that would arise in the changing social and economic environment. * Involve all people working in the Corporation to the best of their capability in furthering the interests of the insured public by providing efficient service with courtesy. * Promote amongst all agents and employees of the Corporation a sense of participation, pride and job satisfaction through discharge of their duties with dedication towards achievement of Corporate Objective. BOARD OF DIRECTORS Shri D. K. Mehrotra,  (CHAIRMAN, LIC ) Shri T. S. Vijayan,  (Managing Director, LIC ) Shri Thomas Mathew T. (Managing Director, LIC ) Shri Sushobhan Sarker  (Managing Director, LIC ) Shri R. Gopalan,  (Secretary, Department of Economic Affairs,   Ministry of Finance, Govt. of India. ) Shri  D. K. Mittal,  (Secretary, Department of Financial Services, Ministry of Finance, Govt. of India. ) Shri  A. K. Roy,  (Chairman cum Managing Director, GIC. ) Shri M. V. Tanksale,  (Chairman & Managing Director, Central Bank of India ) Lt. General Arvind Mahajan (Retd. ) Shri Anup Prakash Garg Shri Sanjay Jain Shri Ashok Singh Shri K. S. Sampath Shri Amardeep Singh Cheema ORGANISATION STRUCTURE OPERATIONS AWARDS WON BY LIC OF INDIA IN 2011-12 | Readers Digest â€Å"Trusted Brand† in the platinum category. | | Superbrands| | Asian Leadership Award| | LIC has been ranked :† Number One Trusted Service Brand† in the EconomicTimes Brand Equity Survey| | Rated as the â€Å"Most Preferred Life Insurance Company of the year† at the CNBC| | Dainik Bhaskar Group| | Bombay Chamber Of Commerce| | ABCI| | Star News- Customer Centric Brand Award| PROBLEMS OF LIC OF INDIA – The existing insurer, LIC and GIC, have created a large group of dissatisfied  customers due to the poor quality of service. Hence there will be shift of large number of customers from LIC and GIC to the private insurers. – LIC may face problem of surrender of a large number of policies, as new insurers will woo them by offer of innovative products at lower prices. – The corporate clients under group schemes and salary  savings schemes may shift their loyalty from LIC to the private insurers. – There is a likelihood of exit of young dynamic managers from LIC to the private insurer, as they will get higher package of remuneration. – LIC has overstaffing and with the introduction of full computerization, a large number of the employees will be surplus. However they cannot be retrenched. Hence the operating costs of LIC  will not be reduced. This will be a  disadvantage in  the competitive market, as the new insurers will operate with lean office and high technology to reduce the operating costs. – GIC and its four subsidiary companies are going to face more challenges, because their management expenses are very high due to surplus staff. They can't reduce their number due to service rules. – Management of claims will  put strain on the financial resources, GIC and its subsidiaries since it is not up the mark. LIC has more than to 60 products and GIC has more than 180 products in their kitty, which are outdated in the present context as they are not suitable to the changing needs of the customers. Not only that they are not competent enough to complete with the new products offered by foreign companies in the market. – Reaching the consumer expectations on par with foreign companies such as better yield and much  improved quality of  service particularly in the  area of settlement of  claims, issue of new  policies, transfer of the policies and revival of policies in the liberalized market is very difficult to LIC and GIC. Intense competition from new insurers in  winning the consumers by multi-distribution channels, which will  include agents, brokers, corporate intermediaries, bank branches, affinity groups and direct marketing through telesales and interest. – The market very soon will be flooded by a large number of products by fairly large number of insurers operating in the Indian market. Even with limited range of products offered by LIC and GIC, the consumers are confused in the market. Their confusion will further increase in  the face for large number of products in the  market. The  existing level of awareness of the consumers for insurance products is very low. It is so because only 62% of the Indian population is literate and less than 10% educated. Even the educated consumers are ignorant about the various products of the insurance. – The insurers will have to face  an acute problem of the redressal of the consumers, grievances for deficiency in products and services. – Increasing awareness will  bring number of legal cases filled  by the consumers against insurers is likely  to increase substantially in future. Major challenges in canalizing the growth of insurance sector are product innovation, distribution network, investment management, customer  service  and education. SWOT ANALYSIS OF LIC OF INDIA STRENGTHS: * India’s top insurance company and best among Public sector company. * Provide better infrastructure than any other Public company. * Brand Image * Govt Guarantee * Claims settlement * Pan India presence * La rge product portfolio WEAKNESSES: * Average waiting time for the customer is 15 to 20 minutes. * No separate customer care unit * Lethargic Staff * Mediocre Top Bosses Large scale Corruption in Main Office * Ultra-Slow decision making process * Internal problems between Top Management and lower cadre Employees OPPORTUNITIES: * Setup a marketing cell at the local branch. * Ensure that policies are diversified across several customer segments * Pension Market * Health Insurance * Large Real Estate portfolio THREATS: * Growth of private players has led to shifting emphasis from public sector companies. * Internal discord * New players * Red-tapism COMPETITION INFORMATION Main Competitors of LIC * SBI Life Insurance Company * ICICI Prudential Life Insurance Company Birla Sun Life Insurance Company * HDFC Standard Life Insurance Company * Reliance Life Insurance Company COMPARISON 1. Policies and Premium 2. Claims Paid 3. Profit of the year 2011-2012 4. Life Fund Policies and Premium Cla ims Paid Profit of the Year 2010-11 Research Methodology Research is the process of systematic and in depth study to search for a particular subject topic or area of investigation backed by the Collection, Compilation, Analysis or Interpretation of data. It is more systematic study or activity directed towards discovery and the development of organized body of knowledge. Success of Research depends upon the scientific methods used. There are various methods for Collecting the data. But it is not advisable and even possible to used all the methods. Every researcher must know the purpose of his study. For doing research one must set questions accordingly one has to find out and the answers through his own investigation. This Study is conducted to analyze the business ethics and corporate governance in Life Insurance Corporation of India. The data are basically segregated into two parts: a) Primary Data b) Secondary Data. a) Primary Data :- Primary Data is collected during the course of doing experiments in an experimental research. There are several methods for collecting primary data. b) Secondary Data:- Secondary  data, is data collected by someone other than the user. Secondary data are data which are collected by someone in past that includes previous year annual report, magazines, project report etc. For my project report, I  had used secondary data under which I  used annual reports which includes  balance sheets, P;L a/c, and other general information. Limitation of the Project Report Followings are the limitations of the project work taken by me: ? One of the limitations of this project study is of the time limitation. It is somehow difficult to fully know any big organization like LIC of India in this limited time  period. ? Senior managers and others officers in LIC of India are also very busy. They do not have enough time for solving our queries in details. Objective of the study The objectives have been classified by me in this project form personal to professional but here I am not disclosing my personal objectives which have been achieved by me while doing the project. Only professional objectives which are being covered by me in this project are as following- * To know about the business ethics and corporate governance of the organization. * To know the contribution of the organization to the society. * To know about the reliability of the organization. Scope of the Study So I am working on the project Business Ethics and Corporate Governance in LIC of India with the scope that I will get to know: * What ethics has the organization adopted? * What is organization doing for the welfare of the society? How reliable is the organization? Vision and Mission of LIC of India Mission â€Å"Explore and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development. † Vision â€Å"A trans-nationally competitive financial conglomerate of significance to societies and Pride of India. † Core Values of LIC of Ind ia * Caring and Courtesy * Initiative and Innovation * Integrity and Transparency * Quality and Returns * Participation and Relationship Trustworthiness and Reliability Ethics followed by LIC of India * Provide insurance cover and financial security to every insurable person. * Conduct all aspects of business keeping in view its interest and national priorities. * Provide them prompt, efficient and courteous service. * Act as trustees of their funds and invest the fund to their best advantage. * Conduct business with utmost economy and on sound business principles. Social advantages to LIC of India †¢ Providing organizational guidelines for business integrity in turbulent times. Helping employees deal with ethical issues they face daily on the job. †¢ Building solid company teamwork and productivity. †¢ Creating an insurance policy – to help ensure that company policies and procedures are legal. †¢ Avoiding criminal â€Å"acts of omission† which can lower potential fines. †¢ Reinforcing the values associated with quality management, strategic planning, and diversity management. †¢ Promoting a strong public image. Corporate Governance in LIC of India Adherence to good Corporate Governance is an integral part of the philosophy of LIC’s business conduct. The driving forces behind institutionalizing the practices of good Corporate Governance are various proactive measures, initiatives and guidance by the Government, LIC Board and its Sub Committees along with LIC’s Human Resources and Agents. Our practice of operational transparency, information sharing, accountability and ensuring dialogue with all the stakeholders in addition to formulation of value-based policies and practices at all levels made us to imbibe good Corporate Governance. This has enabled us to enhance our Brand Equity, strengthen stake of shareholders and maintain a healthy environment within the organization. This has led to a committed organizational focus on the customer service which in turn has contributed to a good growth in business. CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. Sponsorship of CSR by LIC of India 2009-12 I. Group Schemes and Social Security Claims under various Social Security Schemes: 1, 02,950 claims amounting to Rs. 287. 4 crore paid under Social Security Schemes. a) Scholarships of Rs. 102. 53 crore was disbursed to 13, 78,744 students as a free add on benefit to the children of the members of Janashree Bima Yojana under Shiksha Sahayog Yojana during the year 2010-11. b) Scholarship for total amount of Rs. 81. 85 crore was distributed to 8, 40,568 students as a free add on benefit to the children of members of AABY Shiks ha Sahayog Yojana during the year 2010-11. Social Security Cover: Total 2. 57 crore lives have been given insurance cover under various Social Security Scheme during 2010-11. Aam Admi Bima Yojana Aam Admi Bima Yojana was launched on 2nd Oct. 2007 and a total of 47, 01,814 lives under 17 states were insured during the year bringing the total lives covered under the scheme since inception to 1,77,47,480. II. Investment in Social Sector The total investments of the Corporation amounted to Rs. 12, 66, 539. 04 crore as at 31st March, 2011. The Corporation subscribed an amount of Rs. 65, 521. 83 crore (face value) and Rs. 40, 254. 38 crore (face value) to the Securities of the Government of India and the new loan issues of the various State Governments respectively during 2010-2011. SOCIAL RESPONSIBILITIES: It has been the constant endeavour of the Corporation to provide security to as many people as possible and to channelise the savings mobilised for the welfare of the people at large. To meet this end, the Corporation has been promoting Social Welfare through investments in Infrastructure and Social Sector which includes: * Projects/Schemes for generation and transmission of Power, * Housing Sector, * Water Supply and Sewerage Projects/Schemes, * Development of Roads, Bridges ; Road Transport. The total Investment in these sectors during 2010-11 was Rs. 5,235. 94 crore. The investments by way of Central, State and Other Government Guaranteed Marketable securities, Loans, Debentures ; Equity investments in Infrastructure and Social Sector amounts to Rs. 7,49,150 crore. III. LIC Golden Jubilee Foundation Under ‘Corporate Social Responsibility’, and to commemorate the Golden Jubilee of LIC in the year 2006, ‘LIC Golden Jubilee Foundationâ€⠄¢ Trust was formed with the objective of promoting education, health, relief of poverty or distress and advancement of other objects of general public utility. As on 31. 3. 011 LIC has provided a Corpus of Rs. 90 crore to this Foundation and the interest earned is utilized for funding various projects for charitable purposes. As on date, LIC Golden Jubilee Foundation has supported 165 projects to the extent of Rs. 15. 66 crore. Under this Trust a scholarship scheme is also formulated by name LIC Golden Jubilee Scholarship Scheme of the Trust to give scholarships at the rate of Rs. 10000/- per annum to meritorious students belonging to economically weaker sections of society to enable them to pursue higher education at graduation level. Scholarships were given to 802, 881 and 967 students during the years 2008-2009, 2009-2010 and 2010-11 respectively. ANALYSIS 1. Market Share 2. Goodwill Value Over its existence of around 50 years, Life Insurance Corporation of India, which commanded a  monopoly  of soliciting and selling life insurance in India, created huge surpluses, and contributed around 7% of India's  GDP  in 2006. The Corporation, which started its business with around 300 offices, 5. 7 million policies and a  corpus  of INR 459 million (US$ 92 million as per the 1959 exchange rate of roughly Rs. for a US $,  has grown to 25000 servicing around 350 million policies and a  corpus  of over  8 trillion (US$145. 6 billion). The Economic Times Brand Equity Survey 2010 rated LIC as the No. 4 Service Brand of the Country [6]. Though in the year 2010 is ranked at 4, the organization is consistently among the top rated service company of the India [7]. RANK-COMPANY 1-VODAFONE, 2-airtel, 3-SBI (STAT E BANK OF INDIA), 4-LIC (LIFE INSURANCE CORPORATION). From the year 2006, LIC is continuously winning the Readers' Digest Trusted brand award [8]. According to The Brand Trust Report [9] 2011, LIC is the 8th most trusted brand of India. . Growth Visibility of LIC of India FINDINGS After doing this project I found out that- * LIC of India conduct all aspects of the business keeping in view the interests of the community and the national priorities. * Provide insurance cover and financial security to every insurable segment including the socially and economically weaker sections of the society. * LIC of India provides their customers with prompt, efficient and courteous service. * It acts as trustees to their customer’s funds and invests them to their best advantage. * It builds and maintains enduring relationship with the customers. It also keeps the customers informed about their products and services. * It also promote a sense of participation among the workforce and make th em partners in progress. * It also works towards their job satisfaction and sense of pride. * It provide and environment and opportunities for growth to enable them to realize their full potential. * It also take steps to develop professional skills of the workforce to enable them to handle their assignments more effectively. * LIC is not only the largest but the most popular life insurance company in India.   LIC has gained the consumer trust and credibility over the time that is essential to sustain in the insurance business. RECOMMENDATIONS Though, LIC of India is a very reliable and ethical company. But still there are some points which should be taken care of in future to prevent any kind of risks to the organization: * More Corporate Social Responsibility initiatives should be taken in near future in order to increase its reliability among the society. * Integrity connotes strength and stability. It means taking the high road by practicing the highest ethical standards. Demonstrating integrity shows completeness and soundness in the organization. * Blaming others, claiming victimhood, or passing the buck may solve short-term crises, but refusal to take responsibility erodes respect and cohesion in an organization. Ethical people take responsibility for their actions. * Quality should be more than making the best product, but should extend to every aspect of your work. A person who recognizes quality and strives for it daily has a profound sense of self-respect, pride in accomplishment, and attentiveness that affects everything. From organization’s memos to the presentations, everything it touch should communicate professionalism and quality. * Trust is hard to earn and even harder to get back after you've lost it. Everyone who comes in contact with the organization must have trust and confidence in how you do business. * Managers and executives should uphold the ethical standards for the entire organization. A leader is out front providing an example that others will follow. * Good ethics should be most noticeable at the top. Every employee must be accountable to the same rules. Corporate values or ethics initiative must be â€Å"sold† and â€Å"marketed† aggressively throughout the organization. Every forum and medium should be used to spread the good message. Of course, it will only be credible if the organization is practicing what it preaches. * The ethics fervor should extend to the next generation of employees. The longer it lasts, the more ingrained the principles will become. CO NCLUSION Business ethics present pertinent solutions to the concerns and dilemmas faced by global organizations. Ethical leadership is essential for the long-term survival and success of any organization. In the era of globalization, business ethics considerably influence shareholders, employees, customers, suppliers, competitors, government and civil society. Organizations should focus on the ethical issues faced by them in various functional areas like marketing, finance, human resources, production, ICT etc. The commendable work done by global corporations in inculcating and practicing business ethics underscores the importance of value based leadership in international business scenario. Corporate governance is of paramount importance to a company and is almost as important as its primary business plan. When executed effectively, it can prevent corporate scandals, fraud and the civil and criminal liability of the company. It also enhances a company’s image in the public eye as a self-policing company that is responsible and worthy of shareholder and debt holder capital. It dictates the shared philosophy, practices and culture of an organization and its employees. A corporation without a system of corporate governance is often regarded as a body without a soul or conscience. Corporate governance keeps a company honest and out of trouble. If this shared philosophy breaks down, then corners will be cut, products will be defective and management will grow complacent and corrupt. The end result is a fall that will occur when gravity – in the form of audited financial reports, criminal investigations and federal probes – finally catches up, bankrupting the company overnight. Dishonest and unethical dealings can cause shareholders to flee out of fear, distrust and disgust. BIBLIOGRAPHY * http://www. usinessdictionary. com/article/618/why-is-corporate-governance-important/ * http://www. licindia. in/ * http://www. businessreviewindia. in/top_ten/top-10-business/insurance-top-10 * http://www. licindia. in/GJF_aboutus. htm * http://www. licindia. in/Annual_Report_2011. pdf * http://www. irda. gov. in/ * https://www. google. co. in/ * http://en. wikipedia. org/wiki/Corporate_social_responsibility * http://www. mallenbaker. net/csr/definition. php * h ttp://en. wikipedia. org/wiki/Life_Insurance_Corporation_of_India