Wednesday, October 30, 2019
Money supply Essay Example | Topics and Well Written Essays - 1750 words
Money supply - Essay Example Money can be held in three common forms; paper money, metallic coins and money deposits to banks. Measurement of money supply is a critical act and various ways have been developed by economists to measure the level of money supply in the economy. The high-powered money multiplier approach is an approach that considers the level of bank deposits by the private sector while determining money supply (Werner, 2005). According to this approach, the level of cash deposits held by the bank plays the major role in determining money supply. High-powered money multiplier approach to credit creation The high-powered money multiplier is denoted by the letter ââ¬ËHââ¬â¢ and is measured in terms of the summation of notes and coins held by the common population (C) and notes and coins held by the banks plus deposits maintained by banks at the central bank (R). The mathematical formula for the stock of high-powered money: H = C + R The level of money supply (M.S.) in an economy is measured by : M.S. = C + D; where C denotes notes and coins held by the common population and D denotes bank deposits made by private individuals or agents (D'Souza, 2009). We can represent money supply in terms of the stock of high-powered money (denoted by ââ¬ËHââ¬â¢) and the high-powered money multiplier (denoted by ââ¬Ëhââ¬â¢). The formula for high-powered money multiplier can be derived from the formula for the stock of high-powered money and the high-powered money multiplier (D'Souza, 2009). M.S. = C + D -----------(1) H = C + R ------------(2) On dividing equation (1) by equation (2) we get equation (3): On dividing the numerator and denominator of the right hand side of equation (3) by D we get: Or, Or, Or, M.S. = h* H (7) Where, Therefore, M.S. = h* H, i.e, the level of money supply in the economy is the product of the high-powered money multiplier (h) and the stock of high-powered money (H) (D'Souza, 2009). A number of assumptions are made prior to the development this mod el measuring money supply. These assumptions have been described below: Firstly, the stock of high-powered money (H) is considered as exogenously determined. It is not dependent on the functioning of the market forces. Secondly, C/D ratio is either a constant or is stable and predictable. If the rates of return on these investments remain constant, then the ratio of C/D would also remain constant. However, in reality, bank deposits offer interest rates whereas cash holding does not. Therefore, households as well as firms would be interested to make more deposits than hold liquid money. Thus, the C/D ratio is not a constant, but, is predictable. Sometimes the C/D ratio becomes unstable and unpredictable due to changes in financial culture of the economy or high end technological innovations and changing trend in spending methods towards use of plastic money (mostly due to technological advancements) leafing to a fall in C/D ratio or lack of confidence on the banking system in the eco nomy leading to an increase in liquid money holding and a subsequent rise in C/D ratio. The final assumption is related to the R/D ratio. It is the ratio of the reserves held by the banks at the Central bank and the liabilities of the bank and is considered as stable and predictable. The banks often try to keep a high reserve with the central bank by acting in a risk-averse manner in order to protect itself in a situation of large sudden withdrawals by depositors. However, depending on the rate of interest, banks decide the amount of money they would hold as interest bearing asset and the amount they would hold as reserves (earning no interest). The stock of high powered money also changes due to the change in government policies or total liabilities of the central bank and daily operations of the central banks. Change in high powered money is denoted by ?H. The value of ?H is given by the following equation: Or, ?H = DEF ââ¬â ?GD + ET + MMA Where, Budget deficit (DEF), net sale s of
Sunday, October 27, 2019
Dynamic Modeling Laboratory
Dynamic Modeling Laboratory Chapter Three 3. Implementation of model Although the improvement of complex design system involves the development of representations for design tools and mappings, design tool environment models, and project flow definitions, these significant improvements in systems cannot be technologically advanced in isolation. After outlining the various frameworks, the developer(s) of any given model must be able to examine what is under creation to prove that the prototype meets its required purpose standards. For results to be achieved, the proposal must commence with test data from the core device that it will be used in. Mappings between different plans must be tried to guarantee that the outcome of plotting from the prototype is comparable to the original. Design device environment prototypes must be tested to guarantee that the design implement begins and end as anticipated and that they experience no problem with the figures obtainable from the end product. To make the modelling possible it involves the presence of testing environments that permit prototypes to be speedily instantiated and confirmed to warrant that interactions and reliance are as anticipated. To test plotting requires a system, which mimics the functionality of a complete plotting system, joined with prototype visualizers to enable the accuracy of the plotting to be determined. Alike testing is needed for scheme prototypes and design tool environment prototypes. To test prototypes in each of these disparities would entail very dissimilar testing environments. However, if a particular model conceptualization tool were generated for testing all joined design systems during development; the final product could be itemised in any prototype with the inventor being sure of the accuracy of the requirement. Having a single set of testing devices also permits faster integration between the testing devices, with several benefits from the different phases of testing. 3.1 Setting and Principle of model For a simulation to take place, there be existence of an environment. This environment is usually achieved through configuration that take place during the simulation process. An example of the configuration will be explained in the FMU export from Simulink that clearly explain the environment under which the FMU export is facilitated. 3.2 Implementation in Dymola Introduction Dymola with refers to the Dynamic Modeling Laboratory is a device used for modeling and simulation of incorporated and complex systems used in industries such as aerospace, automotive , robotics and other applications. With its state of the art engineering, Dymolaââ¬â¢s abilities display novel and innovative answers for prototyping and simulation, as it is probable to simulate the vibrant conduct and intricate relations amongst structures of various production fields, such as mechanical, electrical and other control systems. This implies that users of Dymola can construct prototypes that are more joined and have simulations results that depict reality. Other highlights that can be realized of Dymola are those of Handling of large and complex multi-engineering models. Faster modelling by graphical model composition and faster simulation through symbolic pre-processing can also be achieved for purposes of increased productivity. Other befits of Dymola are it support for Open user de fined prototype modules, Open interface to other applications, 3D Simulation and Real-time simulation, but just to mention a few of its benefit. 3.2.1 Environment The Dynamic Modeling Laboratory (Dymola) setting practices the open Modelica demonstrating semantic, which implies it is open to its users. Dymola users are, therefore, free to develop their own model libraries or modify the ready-made model libraries as desired to satisfy their individual userââ¬â¢s unique modeling and simulation needs. With Dymola being flexible, it makes more of an adaptable device. Flexibility, therefore, brands Dymola seamless for prototyping and simulation of novel substitute strategies and skills now and in the future. FMU export from Dymola The objective of this sub-topic is to illustrate the steps that one would take when he/she is intending to export prototypes from physical simulation settings as FMUs. To be able to perform an export from a Dymola an individual would need to perform two very crucial steps. One is that of adjusting the simulation model interface and secondly perform an export the simulation model as an FMU. To achieve the export from Dymola, proceed as explained in the following: First, adjust the interface (ports) of your simulation model in existence from a physical modeling tool. It is important to note that this process of adjusting the interface must be performed in a signal-based way for purposes of properly exporting a model/ models as an FMU. The interface of the desired simulation model will be defined by input and output signals. For purposes of reliability, efficiency and better results, an individual install sensors. The installed sensors are also used to amount certain prototype conditions and actuators in order to put on physical aspects to the prototype. The second step is to Export the simulationn model as an FMU by using the FMI export functionality of your physical simulation tool. For example, the exporting functionalities of Dymola (the options for the FMI export) can be found in the Simulation Setup GUI. In export process, there are usually three settings that need to be performed. The first setting is that of sectioning a Type. The second setting is that of choosing an FMI Version and finally choosing further Options. For Type, one can set either the environment for Model exchange (FMI-ME) or Co -simulation (FMI-CS) as Model exchange exports. This is because export can either be performed using model exchange or co- simulation. In the model-exchange setting, the FMU comprises only the prototype and no slave. Therefore, the slave of the introducing simulator is used. In the co-simulation setting, the FMU comprises both the prototype and a slave. Here the importing simulator performs as the main of the co-simulation. The prototype without slaves and Co-simulation exports a summarized prototypee and slave. For Version, selecting 1.0 will ensure compatibility with V1.7 of the Modelon FMI Toolbox. In the case of Choices, it is not necessary to include the basis cypher or mass outcome in mat file. 3.3 Implementation in Simulink As in the event of Dymola, Simulink can also be used to implement different prototypes in different environs. For example in the application of control procedure, the control procedures is established in a simulation setting (MATLAB/Simulink) and verified on simulation prototypes. After that, MATLAB/Simulink can be coupled with a PLC, and the procedure is verified on a physical prototype. This linking offers real-time communication amongst MATLAB/Simulink and the PLC (BR 2005). Control procedures have to be written in a worldwide programmable language supported by both MATLAB and PLC, because of its broadcast into the PLC. The Control procedures established in the simulations can be used in a different area such as in the control of heating devices at home for purposes of temperature regulation. the control algorithms can also be used in industries among other place. The presence of Simulink has been a major boost in innovations. 3.3.1 Environment Many advantages can be associated with Simulink. The advantages experienced by Simulink users are in its ability to provide the right set of tools for fast, accurate modeling and simulation. Simulink is designed to facilitate extensive features of block library for developing complex models. It is also designed to be convenient tools for monitoring simulation results, and tight integration. This is facilitated by the presence of MATLAB, which aids in accessing the most comprehensive collection of design and analysis tools. 3.3.3 FMI-Toolbox The FMI Toolbox for MATLAB fits in Modelica-based physical prototyping into the MATLAB/Simulink surroundings. FMI Toolbox offers the following core features, FMI toolbox permits the Simulation of assembled vibrant prototypes, FMUs, in Simulink. An FMI-compliant device such as OPTIMICA Studio by Modelon, SimulationX or Dymola, may generate fMUs. The Simulink FMU block offers realization of limits and input values as well as block results. FMI toolbox also enables Export of Simulink prototypes to FMUs. FMUs may also be simulated in FMI accommodating simulation device such as SimulationX or Dymola. FMI toolbox may also be used for the Simulation of assembled vibrant prototypes, FMUs; using MATLABs built-in integrators, for example, ode45 and ode15s. This piece makes FMI Toolbox beneficial for operators without them having to contact to Simulink. The other advantage of an FMI toolbox is that it facilitates the Static and dynamic analysis of FMUs through design-of- experiments (DoE) functions for optimization, calibration, control design, and robustness analysis. The dynamic analysis features require the MATLAB Control System Toolbox. The FMI Toolbox supports FMI import for Model Exchange and FMI for Co-Simulation. FMI Toolbox also supports FMI export and a DoE analysis for Model Exchange 1.0. In an FMI Toolbox, Simulink models can be exported as Model Exchange. â⬠¢FMI Toolbox also supports improved handling of FMU blocks that are supported by Simulink Coder/Real-Time Workshop usually stored in a Simulink library. 3.3.4 FMU export from Simulink A Simulink prototype can be pass on as an FMU and introduced in an FMI-compliant device such as OPTIMICA Studio by SimulationX, Dymola or Modelon. This section describes how a Simulink model can be exported as an FMU. Code from a Simulink model is generated by Simulink Coder/Real-Time Workshop and is then wrapped in an FMU for Model Exchange 1.0 or Co-Simulation 1.0. There are various steps required to export an FMU for Model Exchange from Simulink. The first step is usually to select the build target. This is usually done by opening the Configuration Parameters dialog. Then go to the Real-Time Workshop/Code Generation tab depending on the MATLAB version an individual is using at that particular time. From Browse button, select the System target file. The final step that takes place before exportation can take place is that of selecting fmu_me1.tlc from the browser dialog for exporting the FMU as Model Exchange or fmu_cs1.tlc for Co-Simulation, when either of the two is selected, click OK to export. However, FMU export limitations such as The FMU target uses the code format S-function and target type non real time. This means in general that the same limitations of Simulink Coderà ´s native S-function target, rtwsfcn is applied to the FMU target. Complex input and output ports are not supported. There is no corresponding data type in the FMI standard.Another limitation of FMU is that Enumeration data types are not supported for example the Enumerated Constant block is not supported. Discrete variables (variability attribute set to discrete) may change the value at instants other than during initialization or at event instants. Support for precompiled S-functions is only supported for export of Model Exchange FMUs and not co- simulation. Co-simulation The main aim of co-simulation is to come up with a user-friendly interface type for connecting/joining simulation tools in its environs. The data exchanged in this models subsystems is limited to distinct communication targets. The communication interval among two sub-systems is controlled autonomously by respective subsystem solvers. The master algorithm is usually responsible for controlling the exchange of data among subsystems and the harmonization of complete simulation slaves (solvers). In this case, basic master algorithms and complex ones are supported. It is imperative nonetheless to note that the master algorithm is not a part of the FMI standard. Dymola 2013 and later supports export of prototypes (slaves) with built-in numerical slaves according to the FMI for Co-simulation specification. The SUNDIALS suite of numerical slaves (version 2.4.0) is used in the co-simulation FMUs. In Dymola 2013 and later, the translateModelFMU command will produce an FMU that supports both the FMI for Model Exchange requisite and the FMI for Co-Simulation slaves interface where by all responsibilities will be present in the DLL. Model simulation is also supported in Simulink. It is, however, important to note that when Simulink FMU block co-simulation FMUs with modelDescription attribute canRunAsynchronuously is set to true, they are usually not supported. References [Jak2003] Johan Ãâ¦kesson. Operator Interaction and Optimization in Control Systems. ISRN LUTFD2/TFRT3234SE. Lund University. Sweden. 2003.
Friday, October 25, 2019
Leukemia :: essays research papers
Leukemia à à à à à Leukemia strikes all ages and both sexes. In 1995 approximately 20,400 people died from Leukemia. The all time five year survival rate is 38%. This rate has gone to 52% in the mid 1980ââ¬â¢s. Approximately 25,700 cases were reported in 1995 alone(American Cancer Society-leukemia, 1995). à à à à à Leukemia is a form of cancer in the blood cells. Most forms of Leukemia occur in the white blood cells. These abnormal cells reproduce in large quantities and look and perform differently than normal cells(MedicineNet- leukemia, 1997). Right now the causes of Leukemia are unknown. Some studies have shown that exposure to high-energy radiation increases chances of contracting leukemia. Such radiation was produced in the atomic bombing of Japan during World War II. There is also enough energy in nuclear plants so strict safety precautions are taken. Some research shows that exposure to electric magnetic fields, such as power lines and electric appliances, is a possible risk factor. More studies are needed to prove this link. Some genetic conditions, such as Downââ¬â¢s syndrome, are also believed to increase the risk factor. Exposure to some chemicals is also suspected to be a risk factor. By learning the causes of leukemia treatment options will become available(MedicineNet-leukemia, 1997). There are many symptoms of leukemia. The symptoms of leukemia are the same for all the different types of leukemia. The acute types of leukemia, ALL and AML, symptoms are seen more quickly than in the chronic types of leukemia, CLL and CML, where symptoms do not necessarily appear right away. The symptoms are flu symptom, weakness, fatigue, constant infections, easily bleed and bruise, loss of weight and appetite, swollen lymph nodes, liver or spleen, paleness, bone or joint pain, excess sweating, swollen or bleeding gums, nosebleeds and other hemorrhages, and red spots called petechiae located underneath the skin. In acute Leukemia the cancerous cells may collect around the central nervous system. The results can include headaches, vomiting, confusion, loss of muscle control, or seizures. These clumps of cancer cells can collect in other various parts of the body(MedicineNet-leukemia, 1997 and American Cancer Society- leukemia, 1995). à à à à à Leukemia can be diagnosed in a number of ways. Blood work is commonly done in the laboratory. Different forms of blood work include checking the hemoglobin count, platelet count, or white blood cell count. X-rays are routinely done for treatment follow-up. Ultrasound is also used as a treatment follow-up. CT Scan is a special type of x-ray used as a detailed cross section of a specific area of the body. Bone marrow is routinely tested to examine progress of the disease. Spinal taps are also used in certain types of cancers.
Thursday, October 24, 2019
Does Religion Cause Wars?
There is a conventional belief among many individuals that religion is the main cause of the present and past wars inflicting torment within the world. However, many humans fail to see past that belief; they are unable to understand that religion is just a small factor amongst the many contributing to the cause of wars. In fact, religion is merely a tool and an excuse used to hide the need for power and sins of the human nature. Among these factors, it may be the misinterpretation of religious teachings and the differing ideals of many individuals.Unfortunately, these factors are often overlooked as most people view this issue with a simplistic mindset. The idea of religion is often able to bring peace and harmony within the world. In saying this though, religion may be twisted and exploited by individuals for either economic or political reasons, mostly with the blind ambition for power and control. Such people have used religion as a tool and an excuse in order to achieve their own personal desires. This is apparent with the previous Iraqi president, Saddam Hussein.The Iraqi president had aimed to persuade the Jihadists to start a holy war against the United States and British forces, who were seeking to dismiss him for his position. Saddam Hussein had publicly voiced his call toward the Jihadists in an Iraqi state television, where he encouraged them through his statement, ââ¬Å"jihad is a duty in confronting themâ⬠¦ Those who are martyred will be rewarded in heaven. Seize the opportunity, my brothersâ⬠(Saddam Hussein). It is evident; however, that Saddam Hussein did not really view the war he intended to begin as a religious war.Instead he planned to use religion as an excuse for his own political gains, which was to maintain his position as president of Iraq. In conclusion, religion is not the sole reason of the previous and present wars within the world, it is also the people themselves who exploit and twist religion itself. Many individuals of ten find it difficult to give religion a precise definition. It is within their ability to understand the concept of religion yet are unable to provide an accurate definition of the word. Therefore, many may have their own interpretations of what religion truly is.This notion is similar to how individuals may have varying views in regards to the religious teachings of their religion. Sadly, in some cases, people may actually misinterpret the teachings of their religion, which can often lead to disastrous outcomes. Such consequences are evident with the infamous belief of ââ¬ËJihad'. The concept of Jihad means ââ¬Å"holy warâ⬠or ââ¬Å"the holy struggleâ⬠. It also teaches that there shall be no use of violence ââ¬Å"except in the case of defensive wars, wars which are waged to punish a tyrant, or those which are meant to uphold freedomâ⬠(Concept of Jihad, pg 2).Unfortunately, there are others who misunderstand the concept of Jihad and instead believe it to be co mplete submission to Allah, which further means they are ââ¬Å"prepared to die (martyrdom) in the course of this submissionâ⬠. Such cases usually result in terrorism and suicide bombings, where individuals believe that by forcing others into their religion, by death, will please Allah. The most known example of these occurrences is the September 11 suicide bombings where approximately two planes crashed into the twin towers in New York, USA.This event was not necessarily a war but was instead an attack part of the already ongoing war between the United States and the Islamic, terrorist group, Al-Qaeda. From this event it is evident that the members of Al-Qaeda had misinterpreted the concept of Jihad and instead violated the religion by using violence for unnecessary reasons. It can be concluded that even though religion may play a role in the cause of wars, it is not necessarily the only factor to blame but also the misinterpretation of the religious teachings of religions.It is not solely religion itself that spur the gruesome wars that have occurred throughout history, but also the varying ideals of the religious worshipers. Unfortunately, in some cases there is a chance that the ideals of certain individuals may have a larger influence on them than their own religious beliefs. Such terms are often confused with each other; however, there is a prominent difference between the two. Beliefs are set in stone already, statements or truths that humans have decided to place their confidence in.On the other hand, ideals are personal concepts of perfection; they have no boundaries unlike beliefs. When the ideals of humans have a larger power over them, the results often have a high chance of becoming cataclysmic. Such results are evident within Nazi Germany during the Second World War, after the 1930s. Germany had been under the dictatorship of a tyrant known as Adolf Hitler. Hitler was infamously known for his cruelty and mass murder towards the Jews in Germa ny at that time.His reason for his actions was that by protecting himself against the Jews, he was ââ¬Å"defending the handiwork of Godâ⬠(Mein Kampf, pg 60). Despite his religious reason, he had a deeper hatred towards the Jews and desired an ideal world, where there was only a majority of pure descendants of the ââ¬Å"Aryanâ⬠race. The Aryan race involved humans with certain features such as blonde hair and blue eyes. Hitler believed that the Jews were contaminating his ideal race as they offered the ââ¬Å"most striking contrast to the Aryanâ⬠(Mein Kampf, pg 259), thus leading to his revulsion towards the Jews.It is unmistakable that the beliefs of Hitler were not the only cause of his actions but also his extreme ideals, which had lead to the carnage he had incited. Therefore, it is not only religion itself that cause wars but also the differing ideals of humans. Religion is often unfairly blamed as the direct cause of wars throughout the world. It is often use d as a scapegoat as many people cannot look past that simplistic view. Many individuals have never considered the possibilities of other factors contributing to such wars.A few of these factors are the exploitation of religion for the personal gains of individuals, the misinterpretation of religious teachings and the differing ideals of many humans. From these factors, it is evident that it is not just religion itself that causes the wars, but the people themselves also who actually wage these atrocities. Adolf Hitler (1998). Mein Kampf. United States: Houghton Mifflin Company PDF file viewed at ââ¬â http://www. greatwar. nl/books/meinkampf/meinkampf. pdf Last accessed 26/2/12 A. Ezzati. 1986). The Concept Of Martyrdom In Islam . Available: http://www. al-islam. org/al-serat/concept-ezzati. htm. Last accessed 26/2/12. Coel Hellier. (2011). Nazi racial ideology was religious, creationist and opposed to Darwinism. Available: http://coelsblog. wordpress. com/2011/11/08/nazi-racial- ideology-was-religious-creationist-and-opposed-to-darwinism/#sec5. Last accessed 26/2/12. Dr. John Kelsay. (1999). THE RETURN OF THE RELIGIOUS WAR . Available: http://rinr. fsu. edu/fallwinter99/features/religiouswar. tml. Last accessed 26/2/12. Hadrat Mirza Gulam Ahmad. (1995). Jihad. The true Islamic concept. Available: http://www. alislam. org/library/articles/Jihad-Brochure. pdf. Last accessed 26/2/12 Jim Lehrer. (2003). Saddam Hussein Calls for Jihad. Available: http://www. pbs. org/newshour/extra/features/jan-june03/saddam_4-1. html. Last accessed 26/2/12 M. Amir Ali. (Unknown). Islam, Jihad, and Terrorism. Available: http://www. aboutjihad. com/terrorism/islam_jihad_terrorism. php. Last accessed 26/2/12.
Wednesday, October 23, 2019
Overview Of Personal Development Plans And An Example Education Essay
Personal Development Plan ( PDP ) is a specific program for your hereafter in short-run of six months or 12 months. It is necessary that you have aims set up for yourself, and programs and actions to be taken in order to accomplish those aims. Following PDP is a good manner to better yourself, and to get accomplishments and cognition. Therefore, it is advisable to go on making PDP one after another.Definition of PDP:The PDP is a procedure by which we identify our instruction demands, set ourselves some aims in relation to these, undertake our educational activities and bring forth grounds that we have learned something utile. Amar Rughani. Personal Development Plan for Dentist: the new attack to go oning. ( pg. : 27 )Meaning of PDP:Plan should non be through of as being Good or BAD on the footing of larning demands that individual wants to turn to. Every individual has different strength and failings. The primary aims of PDP are program and take duty for their ain acquisition and to understand what and how they learn. PDP is based on the accomplishments of contemplation and planning which are built-in to cognize how we can larn in different contexts and to reassign that larning throughout life. To place failing and strength and willing to acknowledge that, better through acquisition and set all these things in action is personal development program.Importance of PDP:go a more effectual, independent and confident autonomous scholar ; understand the different contexts for acquisition ; understand how you are larning and how to turn out what you have learnt ; better your general accomplishments for survey and calling direction ; better your consciousness of the accomplishments you are developing through survey of the topic ( s ) ; joint your personal aims and measure advancement and accomplishment ; take a more holistic attack to acquisition and its direction in modular contexts ; and to understand the importance of being able to larn in new state of affairss and to reassign and Use your larning in different contexts.Advantages of PDP:PDP consequences in enhanced self-awareness of strengths and failings and waies for Change. The procedure helps scholars understand the value added through acquisition. Geting involved with PDP should assist us to: Identifying larning chances. What we truly want to make. Make the right faculty member and personal determinations. Set personal ends and marks. Identify programmes and activities chances and preparation to develop our accomplishments. We can measure our ain advancement. We can be better prepared for the demands of go oning patterned advance.MY Personal Development Plan:For my personal development program I am utilizing a SWOT analysis ââ¬â a common job work outing method which summarises my strengths, failings, chances and menaces and after cognizing my strength and failing I am composing my program Action Planning will assist me to place and put marks. To inquire yourself a utile methodological analysis is Smart: Specific: e.g. ââ¬ËI will place and rehearse good clip direction techniques to make my undertaking deadline. Measurable: e.g. I will put myself a hebdomadal agenda of things to make. Accomplishable: e.g. I know there are workshops and books on clip direction and I will utilize these to place good pattern. Realistic: e.g. I know I have some free clip every Sunday forenoon and I will utilize this clip to work on my techniques Time-Bound: e.g. I will work towards the undertaking deadline, puting hebdomadal marks. So here ââ¬Ës my personal development program tabular array:My current province:My strengths: Communicate good with others. Positive thought. Hard working. Self-initiative. Punctual. My failings: Lose pique easy. Trust to others easy. Common feedbacks that I received from others. Emotional. Be really serious. What other public presentation indexs can I notice? Sometimes acquire overwhelmed with emphasis when there is heavy work load. Decision Focus on: Develop assurance. Control my pique. Do n't swear on people easy. Not acquire worked up so easy. These SWOT analyses are enabling to place where I am now in my current function. Following I need to turn this into a PDP. When puting marks, Is need to do certain that I can really accomplish them. This we call holding SMART marks.My Coveted province: ( Goals )What I have to make to improve/achieve. Talk with people and act confidently. Do n't acquire provoked. Willing to seek new thing and take some hazards. Able to act upon others. Able to be unagitated and assess any state of affairs before responding to it and take control of state of affairs. Able to press difficult my recommendations to be accepted by others when I feel it is truly good. Not be influenced by others. To look for positives in any fortunes. What does it give me?Short Term Goals.Average Term Goals.Long Term Goals.Why I do it? 1: with assurance, I can able to command more regard and others will be able to see my worth. I will make bold to seek new things. In fact my true ego will eventually reflect through. 2: attempt to command my pique, I will non ache my loved 1s and friends as before Attend choler direction category and do recommendations myself. Keep composure no affair what happens. Not lose my pique at all. Able to command assurance whenever I want.How do I acquire at that place? ( Resources )What must I better? 1: Use new techniques to develop assurance. 2: speculation to develop a composure head & A ; control pique. What are the possible resources to larn 1: Buy & A ; read books on develop personality. 2: read books on communicating. 3: local choler direction category.TimelineShort Term Goals. Within 2 months. Average Term Goals. Within 4 months. Long Term Goals. Within 6 months. Time direction:Definition & A ; Meaning:Time managementA is a set of rules, patterns, accomplishments, tools, and systems that work together to assist youA acquire more value out of your timeA with theA purpose of bettering the quality of your life. Time can really easy go through much quicker than we anticipate and if we waste clip, non needfully intentionally, we can stop up non accomplishing all that we should. We must organize our clip throughout our working twenty-four hours and place and societal life.A Manage your clip so that you get to bask a avocation or see the gymâ⬠¦ whatever you need to make to loosen up. If you can construction your yearss carefully and lodge to your guidelines wherever possible, there is no ground why you can non suit a batch more into your life than you did when you had no everyday or clip subject. if we do n't pull off our clip decently, our agenda will travel out the door. Imagine what it takes to be after something. What will go on if we set ends butA neverA step up to what is expected? Nothing but a broken dream. All the planning and construct up for success in that end will ne'er happen without appropriate clip management.AImportance of Time direction:It is true that when it comes to bettering oneself, we can ever originate. However, one time we do acquire started, clip will ever be of the kernel. If you aim for personality development, you need to be able to pull off clip efficaciously. You might inquire yourself, does your clip reflect what is of import to you, and does it reflect your values? When we feel our twenty-four hours has been productive, our self-esteem and attitude tend to be higher and our degree of defeat and emphasis is lower. There are ways we can increase productiveness straight, things that do n't hold to make with event control or self-esteem.A Further, A productiveness affects the clip we have to pass on event control. Good event control increases our sense of control over our clip and positively impacts our self-esteem. The importance of clip in personality development needs no farther account. The point of the affair is that if you spend excessively much clip making other things alternatively of maintaining an oculus on your end which is to develop a pleasing personality, your opportunities of success will be well lower than if you know how to prioritise. Time direction involves be aftering and forming. We should work to better event control, productiveness and self-pride. See reading extra stuffs or take a clip or undertaking direction workshop.Effective Deputation:Definition & A ; Meaning:A delegate is a individual who speaks or acts on behalf of an organisation ( e.g. , a authorities, a charity, an NGO, or a trade brotherhood ) at a meeting or conference between organisations of the same degree ( e.g. , trade negotiations or an environmental acme between authoritiess ; an arbitration over an industrial. Deputation can specify as: The assignment of duty and answerability for specific results or accomplishments to a specific person or administration unit. The deputation can be impermanent or lasting.Importance of Deputation:With PDP individual can make better as a delegator, he or she can take more efficaciously their squad. With effectual deputation we can do work easier and better efficiency. If I am working much longer hours it ââ¬Ës indispensable iA delegate more it will profit me. It enhancesA the Competence, ConfidenceA & A ; MotivationA of individual. A Successful deputation involves turning the right undertakings for the right grounds, with the resources and authorization to move. A It includes puting public presentation outlooks. Deputation is of import for the long-run success. The importance of deputation should non be underestimated Lack of deputation will take to you easy submerging in work ââ¬â undertakings will go half finished or ill executed and you will stop up with a dissatisfied and demotivated squad who are shouting out to take on more duty. Review what tasks you are making and how long you spend at them. When a undertaking is scattered throughout the twenty-four hours or hebdomad or month, you may earnestly undervalue how much clip you spend at it.AStress direction:Definition:emphasis is a status or feeling experienced when a individual perceives that demands exceed the personal and societal resources the person is able to mobilise. ( Richard S Lazarus ) There are really many proven accomplishments that we can utilize to pull off emphasis. These help us to stay unagitated and effectual in high force per unit area state of affairss, and assist us avoid the jobs of long term stress.AImportance:deeper apprehension of emphasis, assisting you to develop your ain stress direction schemes for managing alone fortunes. When I started to pull off my clip to accomplish my ends its really nerve-racking for me because I could pull off all these things at one time it was really hard but I ne'er lose my enthusiasm I still tried to pull off my emphasis To pull off emphasis I am taking remainder and proper sleeping, moving confidently, commanding myself and seek to give good public presentation all things assisting to me to accomplish me ends.Problem resolution:To finish this component we will necessitate to finish some sort of clip log and happen out what jobs occurred and why. We so need to analyze how we deal with both external and internal breaks, what degree of concentration we have and how we cope, how we allocate clip to daily and hebdomadal undertakings and pull off our dairy. In job work outing first I need to specify where I faced job, in personal development program I had a job internal and external every bit good like work burden and command my pique and it ââ¬Ës really hard for anyone to command yourself because if I had lost my pique so others reacts really bad so I tried to work out it I evaluate these jobs and have got solutions. I read books I watched pictures that how it could go on how people can be really cool how they are work outing their jobs, on that manner I concentrate myself where my lacks and what my specific aims so to better myself and to work out my jobs I started to sit with people I started to discussed in group and seek to understand myself that what I need and where I need so I solved my jobs.
Tuesday, October 22, 2019
refugees population and needs essays
refugees population and needs essays wars,famines,drought and other problems have caused many people to leave their houses;and migrate to other areas ,which are equipped with enough better facilities,so that a man can survive.today ,states like kosovo,kashmir,afghanistan,bosnia and chechniya are facing the same problems. people are moving to more safe areas, to protect them selves from violence . the people previously livivng in the endangered areas have migrated to make small communities, living in tents outside the main stations. the biggest problem,which these refugees rae facing ,is that of food ; there is an immense shortage of food in the state of kosovo due to the civil war .uno should try hard to provide these helpless refugees with enough food so that they can survive.unicef and unesco should be given the responsibilities to conserve the rights of the children. the shortage of necessary resources in this state has led to gang rapes,murders and terrorism.some days back cnn reported live about the condition in the state of kosovo. it said that the owner of the delta air lines was providing food , bathroom and clothing facilities to the refugees ,(all on his own) .cnn also interviewed;live; a reefugee living near kosovo . he tearfully tried to tell the conditions of kosovo; but i remember the time he narrated. "i cant tell you the condition ....! the beautiful valley is turning into a grave yard. mr mikorish, the president of kosovo is a neo hitler and is following the policy of ethinic cleansing and systematic genocide against the muslims of kosovo.due to the cold weather is the state ,people need more woolen and warm clotes;to save them from viral diseases.it is a right of refugees to have proper shelter and apt medical care.cold climate ,unavailibilty of food ,scarcity of water resouces are cause of many dangerous diseaes .emigratns should be vaccinated and should be provided shelter problems all over the world in these violated states are the sam ...
Monday, October 21, 2019
Gallium Facts (Atomic Number 31 or Ga)
Gallium Facts (Atomic Number 31 or Ga) Gallium is a bright blue-silver metal with a melting point low enough you can melt a chunk in your hand. Here are interesting facts about this element. Galliumà Basic Facts Atomic Number: 31 Symbol: Ga Atomic Weight: 69.732 Discovery: Paul-Emile Lecoq de Boisbaudran 1875 (France) Electron Configuration: [Ar] 4s2 3d10 4p1 Word Origin: Latin Gallia, France and gallus, a Latin translation of Lecoq, a cock (name of its discoverer was Lecoq de Boisbaudran) Properties: Gallium has a melting point of 29.78à °C, boiling point of 2403à °C, specific gravity of 5.904 (29.6à °C), specific gravity of 6.095 (29.8à °C, liguid), with a valence of 2 or 3. Gallium has one of the longest liquid temperature ranges of any metal, with a low vapor pressure even at high temperatures. The element has a strong tendency to supercool below its freezing point. Seeding is sometimes necessary to initiate solidification. Pure gallium metal has a silvery appearance. It exhibits a conchoidal fracture that it similar to a glass fracture in appearance. Gallium expands 3.1% on solidifying, so it should not be stored in a metal or glass container that can break upon its solidification. Gallium wets glass and porcelain, forming a brilliant mirror finish on glass. Highly pure gallium is only slowly attacked by mineral acids. Gallium is associated with a relatively low toxicity, but should be handled with care until more health data has been accumulated. Uses: Since it is a liquid near room temperature, gallium is used for high-temperature thermometers. Gallium is used to dope semiconductors and for producing solid-state devices. Gallium arsenide is used to convert electricity into coherent light. Magnesium gallate with divalent impurities (e.g., Mn2) is used to make commercial ultraviolet-activated powder phosphors. Sources: Gallium may be found as a trace element in sphalerite, diaspore, bauxite, coal, and germanite. Flue dusts from burning coal may contain as much as 1.5% gallium. The free metal may be obtained by electrolysis of its hydroxide in a KOH solution. Element Classification:Basic Metal Gallium Physical Data Density (g/cc): 5.91 Melting Point (K): 302.93 Boiling Point (K): 2676 Appearance: soft, blue-white metal Isotopes: There are 27 known isotopes of gallium ranging from Ga-60 to Ga-86. There are two stable isotopes: Ga-69 (60.108% abundance) and Ga-71 (39.892% abundance). Atomic Radius (pm): 141 Atomic Volume (cc/mol): 11.8 Covalent Radius (pm): 126 Ionic Radius: 62 (3e) 81 (1e) Specific Heat (20à °C J/g mol): 0.372 Fusion Heat (kJ/mol): 5.59 Evaporation Heat (kJ/mol): 270.3 Debye Temperature (K): 240.00 Pauling Negativity Number: 1.81 First Ionizing Energy (kJ/mol): 578.7 Oxidation States: 3 Lattice Structure: Orthorhombic Lattice Constant (Ãâ¦): 4.510 CAS Registry Number: 7440-55-3 Gallium Trivia: Galliums discover, Paul-Emile Lecoq de Boisbaudran named the element after his home country France. The Latin word gallus means both Gaul which is an older name for France. It was believed he also named the element after himself because gallus also means rooster (or Le Coq in French). Lecoq later denied he named gallium after himself.The discovery of gallium filled a spot predicted by Mendeleevs periodic table. Gallium took the place of the placeholder element eka-aluminum.Gallium was first identified using spectroscopy by its distinct pair of violet spectral lines.Galliums melting point (302.93 K) is low enough to melt the metal in the palm of your hand.Gallium is the element with the highest range of temperatures for its liquid phase. The difference between galliums melting and boiling point is 2373 à °C.Gallium is one of five elements with a melting point near room temperature. The other four are mercury, cesium, rubidium and francium.Gallium expands as it freezes like water. Gallium does not exist free in nature.Gallium is obtained as a byproduct in the production of zinc and aluminum.Most gallium produced today is used in electronics.Gallium nitride semiconductors are used the blue diode lasers of Blu-rayâ⠢ players.Gallium arsenide is used to produce ultra-brite blue LEDs.Liquid gallium is known for its ability to wet glass, porcelain and skin. Gallium forms a very reflective surface on glass making an excellent mirror.An amalgam of gallium, indium, tin is used in medical thermometers in place of the more traditional and toxic mercury thermometers.Gallium Beating Heart is one of the fun and easy chemistry demonstrations for chemistry students. Gallium Fast Facts Element Name: GalliumElement Symbol: GaAtomic Number: 31Group: Group 13 (Boron Group)Period: Period 4Appearance: Silver-blue metalDiscovery:à Lecoq de Boisbaudran (1875) Sources de Boisbaudran, Lecoq (1835ââ¬â1965). Caractà ¨res chimiques et spectroscopiques dun nouveau mà ©tal, le gallium, dà ©couvert dans une blende de la mine de Pierrefitte, vallà ©e dArgelà ¨s (Pyrà ©nà ©es). Comptes rendus. 81: 493.Weast, Robert (1984). CRC, Handbook of Chemistry and Physics. Boca Raton, Florida: Chemical Rubber Company Publishing. pp. E110. ISBN 0-8493-0464-4.
Sunday, October 20, 2019
Symbiogenesis - An Evolution Definition
Symbiogenesis - An Evolution Definition Symbiogenesisà is an evolution term that relates to the cooperation between species in order to increase their survival. The crux of the theory of natural selection, as laid out by the ââ¬Å"Father of Evolutionâ⬠Charles Darwin, is competition. Mostly, he focused on competition between individuals of a population within the same species for survival. Those with the most favorable adaptations could compete better for things like food, shelter, and mates with which to reproduce and make the next generation of offspring that would carry those traits in their DNA. Darwinism relies on competition for these sorts of resources in order for natural selection to work. Without competition, all individuals would be able to survive and the favorable adaptations will never be selected for by pressures within the environment. This sort of competition can also be applied to the idea of coevolution of species. The usual example of coevolution typically deals with a predator and prey relationship. As the prey get faster and run away from the predator, natural selection will kick in and select an adaptation that is more favorable to the predator. These adaptations could be the predators becoming faster themselves to keep up with the prey, or maybe the traits that would be more favorable would have to do with the predators becoming stealthier so they can better stalk and ambush their prey. Competition with other individuals of that species for the food will drive the rate of this evolution. However, other evolutionary scientists assert that it is actually cooperation between individuals and not always competition that drives evolution. This hypothesis is known as symbiogenesis. Breaking down the word symbiogenesis into parts gives a clue as to the meaning. The prefix sym means to bring together. Bio of course means life and genesis is to create or to produce. Therefore, we can conclude that symbiogenesis means to bring individuals together in order to create life. This would rely on cooperation of individuals instead of competition to drive natural selection and ultimately the rate of evolution. Perhaps the best known example of symbiogenesis is the similarly named Endosymbiotic Theory popularized by evolutionary scientist Lynn Margulis. This explanation of how eukaryotic cells evolved from prokaryotic cells is the currently accepted theory in science. Instead of competition, various prokaryotic organisms worked together to create a more stable life for all involved. A larger prokaryote engulfed smaller prokaryotes that became what we now know as various important organelles within a eukaryotic cell. Prokaryotes similar to cyanobacteria became the chloroplast in photosynthetic organisms and other prokaryotes would go on to become mitochondria where ATP energy is produced in the eukaryotic cell. This cooperation drove the evolution of eukaryotes through cooperation and not competition. It is most likely a combination of both competition and cooperation that fully drive the rate of evolution through natural selection. While some species, such as humans, can cooperate to make life easier for the entire species so it can thrive and survive, others, such as different types of non-colonial bacteria, go it on their own and only compete with other individuals for survival. Social evolution plays a large part in deciding whether or not cooperation will work for a group which would in turn reduce the competition between individuals. However, species will continue to change over time via natural selection no matter if it is through cooperation or competition. Understanding why different individuals within species choose one or the other as their primary way of operating may help deepen the knowledge of evolution and how it occurs over long periods of time.
Saturday, October 19, 2019
An assessment of Paris competitive strategy in the European tourism Dissertation
An assessment of Paris competitive strategy in the European tourism industry - Dissertation Example I would also like to appreciate the research staff for their help and contribution. They encourage me by ascertaining that the research will be effective. Their guidance supported me in handling with day-to-day issues and problems. I would also like to express my gratitude for those participants who supported me in collecting information. With the support of their concern and trust, information was gathered originally. Without their contribution, it was not possible to gather the information. Finally, I want to express my heartfelt gratitude for my family and friends who encouraged me and helped me in carrying out this research. They established my confidence through which I was capable to complete this study. Their trust and belief helped me immensely in acquiring my aim and doing this study successfully. Abstract The tourism market is one of the biggest and rapid growing industries all around the world. As per the World Tourism Organizations predictions, the industry will remain to flourishing and use more people in the 21st century. Along with the development of the tourism and hospitality market internationally, expectations of consumers and demands for higher quality are augmenting while consumer preferences are varying also (Montanari and Williams, 1995). Competition among the organizations, both internationally and nationally, is getting intense on one another. In this industrial context of increased consumer expectations, different market areas that demand special products and services, and tough competition, hospitality and tourism firms are looking for ways to progress in service quality, competition, customer satisfaction and performance, this paper takes the perception that humans and organizational behaviors are closely related with the success and failure of the tourism industry and help in the achievement of the desired goals through exceptional performance (Buzard, 1993). The purpose of this dissertation is to focus the core concepts related wit h the successful tourism and through a Paris case study, recommendations and suggestions for one of the major metropolitan of Europe; London has created an immense opportunity to explore the subject in detail. Table of Contents Acknowledgements 2 Abstract 3 Chapter Two: Literature Review 7 Chapter Three: Humans and Organizations Behaviors in Tourism Industry 8 Organizational Behaviour 9 Criteria to Measure Competitiveness in the Tourism Industry 9 Tourism in Paris 12 Competitive Advantages 13 Suggestions for Paris 16 Annual Investments 18 Chapter Four: Data Analysis and Findings 20 References 25 Chapter One: Introduction 1.1. Dissertation Overview Tourism has emerged one of the most crucial aspect and the most profit generating performance in numerous small island emerging states. It has transformed into the source of employment generation and revenue for small islandââ¬â¢s people (Zuelow, 2011). A transformation in the tourism requirement for an island may have a big impact on t he GDP (Gross Domestic Product), which refers to the total worth of services and goods generated in a country in a specific period of time, normally a year, the Balance of payments and the budget (Ashworth and Kavaratzis, 2010). Tourism has transformed into a highly developing industry in the current state of business, where destinations majorly depend on their natural and few manmade assets to make their tourism market. It is sometimes a core component for economic development and progress. The economic influence of tourism has shifted the
Friday, October 18, 2019
New Keynesian Model Essay Example | Topics and Well Written Essays - 1000 words
New Keynesian Model - Essay Example A major advantage of the NKPC compared with the traditional Phillips curve is said to be that the latter is a reduced-form relationship; whereas, NKPC model has a clear structural interpretation so that it can be useful for interpreting the impact of structural changes on inflation (Gali and Gertler 1999). The key New Keynesian models of incomplete nominal adjustment Dynamic Stochastic general equilibrium (DSGE) is a new Keynesian economic model whose foundation is hinged on the microeconomics elements. The key purpose of the DGSE model is to integrate monetary policies and theories with real business cycles impacting the economies. The model acknowledges and specifies preferences of economic agents such as individuals and firms who wish to maximize utility ad profits respectively. The DGSE model depends on the current choices of economic agents to predict future economic outcomes. It also allows stochastic disruption on the technology of production and applies the competition princi ple to compute equilibrium price and quantities under the function of preferences, tastes, technology and random shocks (Geweke 2009). There are many assumptions that are made in the DSGE model. The first assumption is that the model relies on complete markets. Complete markets allow competitive monopolistic economic agents (firms) to set prices in response to market conditions. The set prices cannot be adjusted instantly without incurring some additional costs. Second assumption is that prices and wages are sticky. Economic processes are influenced by various factors that delay price and wage adjustments making it difficult to attain full equilibrium. Such factors include failure of firms to reduce prices even if marginal cost decreases in order to increase their level of profits. If demands fall, firms are likely to hold prices constant and reduce production rather than reduce the prices of goods or services. Thirdly, the model assumes that economic agents are rational. This means that economic agents choose appropriate consumption paths that maximize utility and production paths that maximize profits. Fourthly, resources are fully utilized in each period. This means that there are no resources spilling to the next budget period. Fifth, input decisions are determined by people who decide how much time they work, the quantity of goods and services they consume as well as the amount of income they save and invest in line with costs associated to those decisions. Sixth, the economy is closed. This indicates that they are no international goods or services that flow in or out of the economy. Seventh, money markets do not exist in the economy. Finally, the eight assumption of DGSE model is that people know policies that affect them a next in advance. For example, people know the exact tax policy that affects them in the coming year. These are policies that are likely to be sustained though they are likely to experience stochastic disturbances. The model takes int o consideration random shocks such as technological change, fluctuations in price of oil and errors in macroeconomic models. Though the model is considered superior, it has been criticized that it was not useful in analyzing the financial crisis of 2007-2010. It is also considered as too stylish
Influences of Conformity and Obedience Paper Essay
Influences of Conformity and Obedience Paper - Essay Example But while conformity and obedience may be relatively easily defined, their incidences in various situations are not. Conformity and Obedience Defined Conformity generally entails group members changing their minds to suit the attitudes and opinions of the majority. Here we must also include the concept of compliance in understanding the nature of eventual obedience, since compliance is only slightly different from conformity in that in being compliant one must [consciously] adapt his or her actions to anotherââ¬â¢s wishes or rules. While the former has less to do with personality than choice, the latter requires of its subject a particular personality that allows them to yield. Obedience, on the other hand, requires the acknowledgment of authority and oneââ¬â¢s acquiescence to it. Thus a compliant individual may not necessarily or automatically be inclined to conform, although studies have shown ââ¬Å"â⬠¦those that conform tend to be obedient and compliantâ⬠(Constabl e, Schuler, Klaber & Rakauskas 1999, par. 1-2). Solomon Asch: Group Pressure and Conformity Social psychologist Solomon Aschââ¬â¢s early (1951) experiments on group pressure and conformity, and ultimately his conclusions provide an interesting and sometimes disturbing clinical view of how humans pressured by the group perceive themselves in relationship to their environment and others. Much of what Asch concludes through the experiments links directly to psychological disorders prevalent in studies conducted over time. Therapies suggested for such disorders and favored by given psychologists often differ, undoubtedly due to what has been described above as differences in personalities that prompt unreasoning conformity, obedience or disobedience, or both. The conduct of Aschââ¬â¢s study was fairly straightforward. Ache showed students in groups of eight to ten--all of whom except one in each group had been coached beforehand to pick the wrong answer on twelve of the eighteen c ards. Each card had a group of three bar lines on the right, and one bar line. Students were asked to pick one bar from a series of three on the right that best matched the one bar on the left. Most subjects were told to deliberately give the wrong answer. Asch arranged the questioning so that most wrong answers would be given before the test subject in the group made his or her decision. The results were significant and according to Zimbardo and Gerrig (2010): ââ¬Å"50 and 80 percentâ⬠¦conformed with the false majority estimateâ⬠¦a thirdâ⬠¦yielded to the majorityââ¬â¢s wrong judgments on half or more of the critical trialsâ⬠(p. 550). The results prompted Asch, according to age-of-the sage.org (n.d) to conclude: "The tendency to conformity in our society is so strong that reasonably intelligent and well-meaning young people are willing to call white black. This is a matter of concern. It raises questions about our ways of education and about the values that gui de our conduct" (par 7). What this says about our desire not to be different, but to conform with our peers is significant. What it may say in some cases about the role of obedience in this behavior is, according to Berg and Bass (1961) citing Champney (1941), pertinent. The significance of parental attitudes and behavior on the subsequent conformity found in their childrenâ⬠¦suggested that when parents tend to dominate their children, restraining the children's efforts to solve some of
Electronic Commerce Research Paper Example | Topics and Well Written Essays - 1250 words
Electronic Commerce - Research Paper Example It is evidently clear from the discussion that the dawn of the World Wide Web has led to many innovations; one of them is on the new ways of transacting business. Electronic commerce has enabled an easy and efficient platform for the transaction of business among various stakeholders using the internet. The ubiquitous nature of electronic commerce allows companies and consumers the ability to transact anywhere and anytime. Electronic commerce can be seen to have rewritten the traditional mode of transacting, which is the business to business model and ushered in an era where multiple parties can transact without having to physically engage with each other. This paper will explore the cost and benefits to firms and consumers, together with job creation brought by this form of medium. The paper will also highlight challenges in infrastructure, privacy concern, and legal framework that electronic commerce faces. Businesses main objective is to grow in size and increase profit margins. O ne of the ways electronic commerce has assisted businesses to achieve this is by allowing them to save on costs by linking them directly with their customers thereby eliminating the need for intermediaries. The net effect of this cost-saving measure is the improved bottom line that companies will be enjoying. Businesses may choose to reduce prices for shoppers who employ this medium in order to attract more consumers consequently growing their revenue. Electronic commerce also enables businesses to move into the cyber world by establishing cyber stores which are cheaper to establish than physical shops.
Thursday, October 17, 2019
Chemical and Material Engineering Essay Example | Topics and Well Written Essays - 1000 words
Chemical and Material Engineering - Essay Example The process of analyzing the mechanical qualities of nc by researchers is gradual since this process is experiencing various obstacles. Manufacture of the nc materials is one of the Chief impediments of the experimental evaluations of its properties. The preparation of nc involves factors, for example, porosity, contamination and residual stress, which significantly influence its mechanical capabilities (Lu, Lu & Sui, 4127). Indeed, a valid evaluation of the mechanical qualities of the nc requires a sample that is deficient of the contamination and residual stress. Such a sample will have to be large to ensure several tests are done on it. A significant quantity of nc pure copper was synthesized through an electrodeposition technique. Copper (Cu) metal has unique characteristics that make it suitable for in manufacturing the nc sample. Cu has an extensibility quality when undergoing cold rolling at average room temperature (Lu, Lu & Sui, 4127). The deformation feature of Cu has been researched at length through high-resolution electron microscopy (HRTEM). Experimental Procedures According to (Lu, Lu & Sui, 4128), the manufacture of nc copper entails the electrodeposition process through an electrolyte of CuSO4. This is a chemical procedure where the substrate of Cu is deposited on the cathode, which has a capacity of 99.99wt%. The electrolyte had an acidity of 0.9 mol/l and the solution temperature was a moderate 20Ã ±1. The purity of the deposits of nc Cu was better than that of 99.993 at% (exclusive of oxygen). If the oxygen content were inclusive, the nc Cu sample would be at 99.98 at%. The Archimedes principle was the standard that researchers were utilizing to measure the density of the nc Cu sample (Lu, Lu & Sui, 4128). The density of the sample was 8.91?0.03 g/cm3, which is indifferent from that of pure Cu, which is 8.96 g/cm3. X-ray diffraction and HRTEM analysis were essential in determining thee microstructure of the Cu sample. The determination of t he nc Cu samples thermal characteristics was through differential scanning calorimetry (DSC). Plastic deformation of Cu was through cold rolling, which resulted in its extension in length. Results and Discussion The X-ray diffraction was displaying a Cu sample that was exhibiting {110} texture. This sample was showing a substantial broadening of a mean of 28 nm grain size and 0.14% of microstain. This was at a degree of deformation of 2300% (Lu, Lu & Sui, 4128). However, after the cold rolling process the microstain levels in the sample increase but the grain size remains constant at 28nm. Coldrolling of a coarse-grained Cu in similar conditions was producing different results. The microstain level did increase by 0.04% to 18% while the sample disintegrated to a degree of deformation of 800%. Thermal analysis The evaluation of the thermal characteristics was of a temperature bracket of 50Ã °C to 250Ã °C at a constant combustion of 5Ã °C/min (Lu, Lu & Sui, 4130). The implications of these processes were subject to a DSC scan, which was showing no oxidation of the nc Cu samples. There was annealing of nc Cu at various temperature and afterwards cooled by the DSC process. Increment of the grain size of nc Cu from 75Ã °C to 200Ã °C was evident by 50 nm. Grain boundary enthalpy XRD results were representative of the grain growth of nc CU from 30nm to 80nm. Essentially, grain boundary enthalpy entails two procedures (Lu, Lu & Sui, 4132). The first is the dislocation of grain boundaries, which
GREAT EVENTS IN HISTORY Essay Example | Topics and Well Written Essays - 1500 words
GREAT EVENTS IN HISTORY - Essay Example My beliefs on matters of justice and injustice I developed a belief that the world is still divided on issues to do with religion on matters relating to justice and injustice. As a female Muslim student, studying in a Christian dominated country, I have severally passed through thorough scrutiny, as compared to the rest of my American counterparts, when it comes to security checks when I visit some shopping malls in the city. I realized that some people relate Islam to terror and violence, thus, treating Muslims with utmost keenness. It made me develop a belief that the world is not fair to Muslims on issues relating to segregation based on terrorism and violence. I feel that the world treats Islamic religion unfairly because not all Muslims are terrorists. There is injustice in the treatment of Muslims by Christians in other countries that are not Islam dominated. This leads to isolation as a course of the discrimination. Whenever such happens to me, I feel it is a religious injusti ce and maybe even racial because, it is easy to recognize a Muslim who is of Arabic descent, as I am, from other Muslims in the USA. Matters of justice and injustice The death penalty It is an injustice to deny someone the right to live simply because of committing a capital crime; this is from my school of thought as an individual. The Sharia law advocates for death as a punishment to a heinous crime committers, Islam as a religion does support it basing on Sharia laws. The punishment for a crime like murder in Saudi Arabia is death by beheading in public; therefore, I believe that the death penalty is an injustice since it goes against everyoneââ¬â¢s right to life, despite the mistake he or she has done. This is because, the penalty deprives the victims a chance to learn from the previous crimes they committed, so to me it serves no meaning at all. My religion, Islam, condones death penalty for various crimes committed, but, as an individual, I totally disagree with the stand. In Saudi Arabia, which is my country, death penalty, also called capital punishment, bases on Islamic Sharia law and has a wide range of crimes. The offences leading to its use vary from rape, murder, armed robbery, adultery and purported witchcraft. I do not support any of these crimes but I feel it is not right for a human being to lose a life for having committed any of these crimes. Criminals can undergo punishment in various ways apart from facing the death penalty in various ways. I strongly disagree with the Sharia law for necessitating capital punishment as a punishment for a capital crime. Many countries across the world do not subscribe to the use of capital punishment/death penalty as a means of punishing criminals. This is because; it is an injustice to humanity and a deprivation of an individualââ¬â¢s right to life. Gay rights Secondly, the issuance of gay rights is an injustice to the moral virtues and a defilement of my beliefs as a Muslim. I do not subscribe to ho mosexuality, lesbianism or bisexuality because, all this go against the teachings of the Quran. The Quran prohibits homosexuality because it goes against the natural order, ruins marriages, and makes individuals disregard God in other spheres of life (Stein & Marc 57). I think gays should not have the right to practice this dirty act anywhere in the world. As a Muslim, I feel like it is absolute immorality and going against the societal values and expectations. Gay
Wednesday, October 16, 2019
Chemical and Material Engineering Essay Example | Topics and Well Written Essays - 1000 words
Chemical and Material Engineering - Essay Example The process of analyzing the mechanical qualities of nc by researchers is gradual since this process is experiencing various obstacles. Manufacture of the nc materials is one of the Chief impediments of the experimental evaluations of its properties. The preparation of nc involves factors, for example, porosity, contamination and residual stress, which significantly influence its mechanical capabilities (Lu, Lu & Sui, 4127). Indeed, a valid evaluation of the mechanical qualities of the nc requires a sample that is deficient of the contamination and residual stress. Such a sample will have to be large to ensure several tests are done on it. A significant quantity of nc pure copper was synthesized through an electrodeposition technique. Copper (Cu) metal has unique characteristics that make it suitable for in manufacturing the nc sample. Cu has an extensibility quality when undergoing cold rolling at average room temperature (Lu, Lu & Sui, 4127). The deformation feature of Cu has been researched at length through high-resolution electron microscopy (HRTEM). Experimental Procedures According to (Lu, Lu & Sui, 4128), the manufacture of nc copper entails the electrodeposition process through an electrolyte of CuSO4. This is a chemical procedure where the substrate of Cu is deposited on the cathode, which has a capacity of 99.99wt%. The electrolyte had an acidity of 0.9 mol/l and the solution temperature was a moderate 20Ã ±1. The purity of the deposits of nc Cu was better than that of 99.993 at% (exclusive of oxygen). If the oxygen content were inclusive, the nc Cu sample would be at 99.98 at%. The Archimedes principle was the standard that researchers were utilizing to measure the density of the nc Cu sample (Lu, Lu & Sui, 4128). The density of the sample was 8.91?0.03 g/cm3, which is indifferent from that of pure Cu, which is 8.96 g/cm3. X-ray diffraction and HRTEM analysis were essential in determining thee microstructure of the Cu sample. The determination of t he nc Cu samples thermal characteristics was through differential scanning calorimetry (DSC). Plastic deformation of Cu was through cold rolling, which resulted in its extension in length. Results and Discussion The X-ray diffraction was displaying a Cu sample that was exhibiting {110} texture. This sample was showing a substantial broadening of a mean of 28 nm grain size and 0.14% of microstain. This was at a degree of deformation of 2300% (Lu, Lu & Sui, 4128). However, after the cold rolling process the microstain levels in the sample increase but the grain size remains constant at 28nm. Coldrolling of a coarse-grained Cu in similar conditions was producing different results. The microstain level did increase by 0.04% to 18% while the sample disintegrated to a degree of deformation of 800%. Thermal analysis The evaluation of the thermal characteristics was of a temperature bracket of 50Ã °C to 250Ã °C at a constant combustion of 5Ã °C/min (Lu, Lu & Sui, 4130). The implications of these processes were subject to a DSC scan, which was showing no oxidation of the nc Cu samples. There was annealing of nc Cu at various temperature and afterwards cooled by the DSC process. Increment of the grain size of nc Cu from 75Ã °C to 200Ã °C was evident by 50 nm. Grain boundary enthalpy XRD results were representative of the grain growth of nc CU from 30nm to 80nm. Essentially, grain boundary enthalpy entails two procedures (Lu, Lu & Sui, 4132). The first is the dislocation of grain boundaries, which
Tuesday, October 15, 2019
How consumer behaviour principles can be applied to membership Essay
How consumer behaviour principles can be applied to membership retention of the Girlguiding Organisation - Essay Example Consumer behaviour is applied for searching goods, purchasing, evaluation, and disposing of products and services; which can satisfy the consumers. It also focuses on individual decision taking abilities to spend their valuable resources (time, money and effort). Sometimes, the peculiar characteristics of consumer behaviour is reinforced or punished. It can reinforce benefits obtained from products and services, or by social approval. It is also simultaneously punished because consumers have to surrender generalized conditions, reinforce entities such as money and rights, and spend time and effort in the purchasing process (Alhadeff, 1982). It also includes concepts of ââ¬Ëthey buyââ¬â¢, ââ¬Ëwhy they buyââ¬â¢, ââ¬Ëwhen they buyââ¬â¢, ââ¬Ëwhere they buyââ¬â¢, ââ¬Ëhow often they buyââ¬â¢, ââ¬Ëhow they useââ¬â¢ and it evaluates the impact on future purchases and how they dispose it. Marketing criticism is applicable to the entire discipline of marketing, which is used for evaluation. It identifies shortages and surpluses, and understands the critical dimensions - focus, process and purpose (Seth, 1982). Today, the consumerââ¬â¢s needs and wants are the primary focus, and this consumer oriented marketing philosophy is known as the marketing concept. Non-profit social organizations use three forms of communication - management communication, marketing communication and organisational communication. Corporate communication encompasses marketing communication, organization communication and management communication. As per the reference to marketing function in the development sector (NPOs), social marketing seeks to influence social behaviour not to benefit the marketer but to benefit the target audience and the general society. In the context of social marketing, it is stated that a strong image building programme increases the visibility of NPOs. The World Association of Girl Guide and Girl Scouts (WAGGS) is one of the largest womenââ¬â¢s organizations
Monday, October 14, 2019
The Boy Who Loves Green Straws
The Boy Who Loves Green Straws Leo Rosa, the boy who loves green straws, was diagnosed as autistic in 2002 when he was two years old. His father, Craig, produces science videos for a TV station in San Francisco, and his mother, Shannon, is a blogger, and software consultant. He has two sisters, Zelly and Gisela. For the first few months after he was born, Leo Rosa seemed like a normal developing baby. It wasnt until his first birthday that the Rosas noticed anything unusual about him: he was taking his favorite toys and sliding them from one place to another, over and over again. Leo had always been a picky eater. His diet consisted almost exclusively of peanut butter and jelly sandwiches, bananas, guacamole, Goldfish crackers, and popcorn snacks. He began suffering from frequent episodes of diarrhea and vomiting. Shannon took Leo to an allergy specialist to test him for allergies. All the tests came back negative. When Leo was two years old, a pediatrician friend noticed that Leo was not responding when called by his name. But when they checked Leos hearing, his hearing was fine. The director at a regional center told Craig and Shannon that Leo might be autistic. Shannon felt devastated. She spent hours searching for information to help her son. Two books in particular made an impression on her: Catherine Maurice: Let Me Hear Your Voice: A Familys Triumph over Autism; and Karyn Seroussi: Unraveling the Mystery of Autism and Pervasive Developmental Disorder: A mothers Story of Research and Recovery. Catherine Maurices book focused on applied behavior analysis (ABA), a behavior modification technique based on the animal-training theory of B.F. Skinner. Karyn Seroussis book tells the story of a mother using a technique called biomedical intervention pioneered by Navy psychology Bernard Rimland. The foundation of this approach is the so-called GFCF diet, a strict diet free of gluten and casein, two proteins found in wheat and dairy products. The theory was that vaccines, like the DPT and the MMR leave some children unable to digest these proteins, leaving the walls of their intestine permeable (leaky gut syndrome). The undigested proteins are then carried by the bloodstream to the brain where they wreak havoc with normal development. Along with the GFCF diet, Seroussi used an aggressive program of high-dose vitamins, minerals, enzymes, and supplements developed by Rimlands Defeat Autism Now! (DAN!) network. After reading Seroussis book, Shannon took Leo to see a DAN! Doctor in nearby Los Altos. Samples of Leos blood, hair, stool, and urine were dispatched to the DAN!network for analysis. The allergist who had tested Leo months earlier hadnt turned up any red flags, but the test results from the DAN!network showed that Leo was extremely reactive to peanuts, and soy, and highly allergic to gluten and rye. Leos heavy-metal profile was also problematic, according to the doctor, and they should consider chelation to kick-start their sons recovery process. While they prepared Leo for chelation, the doctor suggested, they could undertake treatments to help correct his systemic imbalance. One such therapy is called BioSET, and the doctor knew of a skilled BioSET practitioner who had an office just down the block and said he would provide the Rosas with a referral. During one of Leos BioSET treatments, Shannon discovered that the therapist and the doctor were a couple. But the doctor hadnt said a word about their relationship when he made his referral, and neither had the therapist. A few months later, the Rosas returned to the doctors office for another round of lab results and consultation. There were some bad news. The heavy-metal profile showed that Leos body was now excreting low levels of mercury. This development made Leo an urgent candidate for chelation. Craig had been trying to get to the root of his research on chelation. The vaccination issue was particularly confusing for Craig because hed been reading a new batch of studies challenging the validity of Wakefields paper of mercury/autism hypothesis. He had told his father, Marty, that they were considering intravenous chelation on the advice of their doctor. Marty replied with a lengthy letter in which he expressed his concerns. He would not put their hope on chelation and food supplements. As a health care professional, he said, he was unnerved by the sheer number of disclaimers in the DAN! Report. Marty felt that the risk was too high to Leo. On the next visit to Los Altos, the doctor brought up chelation again. But this time Craig challenged him. He asked the doctor whether there were any scenario that he would not recommend chelation, and the doctors answer was no. At that point, Craig and Shannon walked out of the doctors office and never went back again. *** Leo was nowhere close to recovery, but he was thriving in his own ways. He connected with his ABA therapist. For 24 hours a week, she worked with him on mastering simple tasks that would enable him to care for himself and express his desires and preferences more effectively. Then Shannon read a book that inspired her to think differently about Leo. Making Peace with Autism was Susan Senators story of raising her autistic son. The book promoted no theories of autism causation and promised no astonishing recovery. After reading the book, Shannon stop treating her son like a science experiment and started improvising creative ways of making connections with Leo and meeting his needs.
Sunday, October 13, 2019
Essay --
Differences and Similarities in The Odyssey and Inferno When going through the stories The Odyssey by Homer and Inferno by Dante, you get the feeling of how diverse, yet similar the two stories are. When reading The Odyssey, you find Ulysses trying to get home to his love, Penelope. He has been gone for twenty years, and through those years, he has struggled with good and evil, just like Dante in Inferno. Ulysses finds himself time after time fighting off gods and their children. Dante, struggling with good and evil, works his way through the nine levels of hell. He is struggling to find where his faithfulness lies. He also is trying to find his way to his love, Beatrice. When reading The Odyssey and Inferno, we find many similarities and differences, from the main characters characteristics, to the experiences within religion during Dante and Homerââ¬â¢s times. Ulysses, in The Odyssey, is the hero who has been trying to get home to his love, Penelope, and also his beloved country. He has found himself at war with many different gods and people, including Neptune, who is not yet ...
Saturday, October 12, 2019
generalized anxiety disorder Essay -- essays research papers
Generalized Anxiety Disorder Generalized Anxiety Disorder (GAD) is a chronic and often disabling condition that is associated with uncontrollable worry and tension. The vicious cycle of anxiety and worry interferes with relationships, careers, and education, and often leads to depression. This disorder is much more than the normal anxiety that everyone experiences from time to time, and can be crippling in its severity. GAD is unlikely to disappear without proper treatment, and often worsens over time. Physical manifestations of GAD often include headaches, trembling, twitching, fatigue, irritability, frustration, muscle tension, and inability to concentrate. Sleep disturbances may also occur. Individuals suffering from this disorder may appear to be always tense and unable to relax, or may startle more easily than others. Often they might seem to be constantly moving or fidgeting, unable to sit comfortably through a movie without worrying about something else that needs to be done. Some research suggests that GAD may run in families, and it Generalized Anxiety Disorder may grow worse during times of stress. Symptoms can begin at any age, but the risk is highest between childhood and middle age. GAD affects about 4 million adult Americans. Women are twice as likely to be affected than men. The disorder usually comes on gradually, although it can be suddenly triggered by a childhood psychological trauma, the death of a loved one, divorce, and losing or changing a job. DSM-IV Diagnostic Criteria: 1.Ã Ã Ã Ã Ã Excessive anxiety and worry (apprehensive expectation), occurring more days than not for at least 6 months, about a number of events or activities (such as work or school performance). 2.Ã Ã Ã Ã Ã The person finds it difficult to control the worry. 3.Ã Ã Ã Ã Ã The anxiety and worry are associated with three (or more) of the following six symptoms (with at least some symptoms present for more days than not for the past 6 months). Note: Only one item is required in children. -Ã Ã Ã Ã Ã restlessness or feeling keyed up or on edge -Ã Ã Ã Ã Ã being easily fatigued -Ã Ã Ã Ã Ã difficulty concentrating or mind going blank -Ã Ã Ã Ã Ã irritability -Ã Ã Ã Ã Ã muscle tension -Ã Ã Ã &nb... ...he anxiety the patient is having. There are many studies pertaining to generalized anxiety disorder. The studies examine the genetic and environmental risks for major anxiety disorders, their course-both alone and when they occur along with other diseases such as depression-and their treatment. Like heart disease and diabetes, these brain disorders are complex and probably result from a combination of genetic, behavioral, developmental, and other factors. Much of the research of anxiety centers on the amygdale, an almond-shaped structure deep within the brain. The amygdale is believed to serve as a communications hub between the parts of the brain that process incoming sensory signals and the parts that interpret them. Other research focuses on the hippocampus, another brain structure that is responsible for processing threatening or traumatic stimuli. By learning more about brain circuitry involved in fear and anxiety, scientists may be able to devise new and more specific treatments for anxiety disorders. Researche rs are attempting to learn how genetics and experience interact in each of the anxiety disorders-information they hope will yield clues to prevention and treatment.
Friday, October 11, 2019
Experience as a Writer
My experience as a writer as another individual in society and being student in school writing is a part of life. Living in another state and being so far away from family I write my love ones back home because a letter can mean more than a phone call sometimes. Going to school writing is everyday thing between assignments and taken notes every time you write your writing skills get better. Certain jobs require written answer on their application in order to get hired. Iââ¬â¢m pretty sure in the career Iââ¬â¢m choosing ill encounter question that require writhing answer. Writing to me is a valuable ability. It plays s a major role in communication. Under certain circumstance an individual may person could be in the military away to basic training or overseas and donââ¬â¢t have access to electrical devices. To be honest I really donââ¬â¢t like writing because I had bad experience about not staying on topic or not making complete sentence. I have a hard time by you use punctuation in the right way. I donââ¬â¢t know how to grab people attention when Iââ¬â¢m writing. I have a hard time staying on one topic. I love to learn more about it and have better experiences as a writer. My 10th grade year in high school, my English teacher gave us an writing assignment which was an essay before Christmas break the last day of school and to start Christmas break my teacher gave us our grad and mines was below passing. Focuses an advancing my writing in skills in which I did passed my English class for the year. I realized that in order to do better you have to put forth the effort and determination once success is made it only make you want to keep succeeding in away is motivation.
Thursday, October 10, 2019
Marketing Strategy for Competitive Advantage Essay
Executive Summary Three friends ââ¬â Lyndon Duke Hanson, Scott Seamans, and George Boedecker, founded Crocs Inc. in the year 2002 in Colorado, USA. As the firm grew, it acquired Foam Creations in Canada to own manufacturing operations, under the leadership of Ronal Snyder in 2004, and gained sole rights. Crocs is a designer, manufacturer and retailer of molded, casual footwear for men, women and children. All Crocs footwear feature a proprietary closed-cell resin called ââ¬ËCrosliteââ¬â¢ that provides the wearer with extreme comfort by taking the shape of the feet of the wearer due to heat. The company boasts the footwear as being ideal for casual use as well as for professional and recreational uses viz. boating, hiking and hospitality. The product is claimed to be lightweight, slip-resistant, and odor-free, and is available in several bright colors. Crocs shoes are sold across 129 countries and come in 250 styles. The company has also diversified into apparel and accessories. One major acquisition has been of that of Jibbitz show charms, for which the company has also acquiredà licensing agreements with Disney, Nickelodeon, Warner Bros. and DC Comics. The case discusses the phenomenal supply chain management of the company that has been a major reason for the success of the company, besides of course the popularity of the shoes. The achievement of an extremely flexible supply chain was the vision of Ronal Snyder, CEO, to meet customerââ¬â¢s demand based on the exact same principle followed by software giants. This supply chain provided Crocs with a competitive advantage in the footwear industry. Crocs had the highest profit margin in the industry at 56.5% in 2006, considerably higher than that of its competitors. Crocs created a blue ocean by creating differentiation and low costs and breaking out of the red ocean. This resulted in global expansion and quick growth. Profits increased from $10.9million in 2004 to $763.3milion in 2007. Later in the case study, we will see the Industry Analysis to understand the competitive scenario. This reveals that Nike is the market leader, followed by Adidas. A look at Porterââ¬â¢s Model shows that consumerââ¬â¢s bargaining power is a major threat in the industry. We also see the standard manufacturing practices in the industry compared to Crocsââ¬â¢ manufacturing techniques. The SWOT Analysis gives an understanding of the potential threats and rising opportunities. Customerââ¬â¢s changing tastes and threat of substitutes pose immediate threat to the firm, but it can capitalize on its unique product range and supply chain in order to gain a majority market share. Industry Analysis The global footwear market has grown from $153.2 billion in 2004 to $189.3 billion in 2007. Although the footwear industry is in the maturity stage, it is known that the demand for the product will not decline. Hence, globalà sales are forecasted to reach $238 billion in 2013. Footwear industry is a highly fragmented market. The industry experiences intensive competition led by major firms such as Nike, Reebok, Adidas, and Converse. Nike is the industry leader, followed by Reebok and Adidas; Nike has a market share of 47%, Reebok ââ¬â 16% and Adidas ââ¬â 6%. Competitors Nike Nike is the worldââ¬â¢s largest designer and marketer of athletic footwear and apparel. The stores are located over 180 countries. Nike is based in Oregon. It runs its manufacturing operations primarily in Asia. Nikeââ¬â¢s footwear accounted for 60% of the companyââ¬â¢s total net sales in 1999, after which the firm attempted to become more diversified. Nikeââ¬â¢s largest share of sales comes from United States. Nike is one company to have crossed the $5 billion mark. Nikeââ¬â¢s target consumers were 18-44 aged people, with six-digit income. Adidas Adidas is in the second position in the global market. It is based in Germany and sourced 97% of its footwear from Asian. Its main market is the Europe region. The firm had only a 3% market share in 2005, but after the acquisition of Reebok in 2006, the share jumped up to 9%. Footwear sales accounted for 45.5% of the total sales for Adidas in 2007. Adidas target slightly young aged, 18-44 and was especially popular among Hispanics and African Americans. Other competitors include Puma (Germany), New Balance (USA ââ¬â largest privately held manufacturer), and C&J Clark (UK-based) nearing the $2.0billion mark. Porterââ¬â¢s Five Forces Model Threat from Existing Competition The industry is characterized by easy entry and exit. The market is competitive, with the industry being described as red ocean, often. The market has reached maturity stage, and the growth is slow-paced. Firms areà always attempting to lower costs and manage supply chain effectively to meet the changing demand. There is always a potential threat of a competitor eating into the market share. Threat from New Entrants The footwear industry is an easy market to enter for new players. Investments required are not huge, and raw materials are easily available. Legal policies are not strict, except in cases of imports in some countries. However, human rights issue is a major cause for concern in the footwear industry. Manufacturing/outsourcing decisions are used for low costs. Threat of Substitutes As entry is easy, substitutes are a major threat. Pricing becomes a key concern. Knock-offs also pose a great threat to companies even though certain designs are proprietary. Bargaining Power of Suppliers Shoes are mostly made from similar raw materials that are easily available. So, most firms manage to get materials at low costs. However, for Crocs, this is not a problem because it owns the manufacturing units and has a proprietary right over croslite. Bargaining Power of Consumers Consumers have the greatest power in the footwear industry due to availability of substitutes. Price and quality are major attributes of the product. Changing consumer taste is a potential threat. Changing fashion and trends and even fads are a problem faced by manufacturers. Competitors have come up with the concept of ââ¬ËShoe Designââ¬â¢ to give the consumer the ability to custom design shoes that are delivered with two weeks. SWOT Analysis Opportunities Market penetration in the footwear industry is still considerably low, especially in Asia-Pacific region. Developing countries like India are emerging markets with huge population for firms to capitalize on.à Purchasing power of people in these countries is increasing, thus showing potential target consumer groups. Threats Substitutes and knock offs pose great threat to major players in the industry. Since pricing and quality are major concerns, low costs are the main objectives. Changing trends and consumer taste are also a serious threat. Strengths Crocsââ¬â¢ unique design that offers great comfort, odor-free, slip-resistant lightweight shoes at comparatively lower prices is a distinctive competency. Supply chain flexibility offers Crocs a competitive advantage over the other firms. Weakness Crocs is required to distinguish its product, especially with the usage of croslite in its footwear. This makes it difficult for Crocs to develop new products in the formal range. Financial Analysis While 92% of companyââ¬â¢s revenues came from footwear, the remaining 8% was from the sales of accessories and apparels. Revenue has increased over the years and reached $354.7 million in 2006. There has been a tremendous increase in cost of the goods sold and was reported to be $154.2 million in 2006 from $47.8 million in 2005. Net profit margin has also been increasing and it was found to be 18.2% in 2006. Revenue was found to be $142 million in the year 2007 for Q1. Gross profit was reported to be 84.4% in the first quarter of 2007. In comparison with competitors viz. Nike and Deckers, gross profit margin of Crocs has been considerably higher. Debtorââ¬â¢s turnover ratio is the highest in the industry, indicating that Crocs is efficient at handling debts. Assetà management is also performed well at Crocs. But looking at the inventory turnover ratio, Crocs is one of the lowest in the industry. This shows that Crocs is unable to turn inventory into cash as effectively. It is seen that in 2006, Crocs has inventory worth $86.2million compared to $28.5million in the previous year. This shows that Crocs capital is blocked in its stock. About Crocs Inc. Mission Bring profound comfort, fun and innovation to the worldââ¬â¢s feet. Brand Attributes Innovative Crocs shoes are distinguished from others by the following motive of the firm ââ¬â Radical thinking, health-minded research, and providing solution to the Feet. Fun Colors and designs offered and the emotional experience served are important to Crocs to create its brand image. Comfort Crocs claims to offer profound comfort, ergonomic design, massaging foot bed, and lightweight. Simple Crocs believes in keeping its products simple with a versatile function. Crocs Shoes Clogs with Croslite Target Consumer Segment: Men, women and children of all ages Diabetic patients and other ailments Crocs shoes are lifestyle products that exhibit personalities like trendy, fun, and high fashion, dressy, casual and active. Various models offered include mammoth, clogs, sandals, flats, heels, boots, slip-ons, flip flops, sport, work, Ocean Minded among others. Crocs started off as a company with about 25 models in 2004, and reached a point in 2007 when it offered 250 models. Original design was the clogs that kids could personalize with Jibbitz. Over time, Crocs extended its line by using usual raw materials like leather and suede with croslite soles. Supply Chain Management For consumer, Crocs designed an extensive distribution system so its shoes were available in a variety of retail outlets from specialty stores to department stores and large shoe store chains. Footwear companies have two alternatives to choose from in the manufacturing of their products; they can both own and operate the factories that produce their products, or outsource operations. Factories may be located internationally or locally. Most firm practice outsourcing of operations to enable reduced costs. Crocs believed in meeting customer demands in the current season. Supply Chain was Crocs main focus. Crocs had adopted the global logistics strategy. The firm was vertically integrated and by 2007, had acquired various units all across the world for its operations to cater to different consumers. Hence it was faced with large capital expenditure requirements and the management of the factories themselves. Yet Crocs did a tremendous job at supply management. Where its competitors followed the seasonal order placements, Crocs had a delivery time of two to four weeks for newly placed orders, indicating how Crocs understood the demand for the product. Crocs owned the manufacturing, warehousing and retails units in almost all countries. With its effective management, Crocs was able to maintain low costs. Any other company in the footwear industry did not achieve such a flexible supply chain. The firm maintained good professional relations with the retailers, and deployed its own personnel in stores and provided a store-in-store experience to customers. Core Competencies Unique Product Crocs is the only company that offers shoes made of croslite. This material ensures extreme comfort to the wearer. Crocs owns proprietary rights overà the material, and this becomes the firmââ¬â¢s distinctive competency. Since Crocs is the only firm with the sole right of manufacturing such footwear, it should ensure no knock-offs are sold in the market in its name. Flexible supply chain Crocs understood the dynamic footwear industry and built a revolutionary supply chain to meet the demands of it consumers. Crocs is able to replenish stocks within weeks at short notice. This gives the firm a competitive advantage over the rivals. Other than the core business activities, Crocs has initiated a program called Crocs Cares to provide the inhabitants of disaster affected areas with shoes in over forty countries. Conclusion Crocs has managed to develop an extremely flexible supply chain in order to meet customer and retailer demands, similar to none other in the footwear industry. The firm is extensively vertically integrated and has followed a pattern of a series of acquisitions for growth. Another advantage for the firm is the sole proprietary rights over the croslite material. However, Crocs has learnt the need to extend its product line and incorporating materials like leather and suede in its products. Crocs has also managed to lure its customers by acquiring the charm business, and also by diversifying into accessories and apparels. à Although the firm is showing year-on-year profits, it is seen that by following the model of semi-finished products to achieve quick delivery, it is faced by the problem of low inventory turnover. The important thing to understand is that the industry is dynamic, and the demand is quite unpredictable due to varying trends. Thus, Crocs will continue doing better by focusing on the end-user product. References www.packagedfacts.com Global Footwear Market Report http://articles.moneycentral.msn.com How Crocs Is Outpacing The Pack http://logisticsviewpoints.com Crocs Revolutionary Supply Chain http://www.blueoceanstrategy.com Crocs Review http://ezinearticles.com History of Crocs http://www.hoovers.com Factsheet of Crocs http://company.crocs.com About Crocs ââ¬â Company Profile
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