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Monday, August 24, 2020
There is no room for individual identity in South African literature Essay Example
There is no space for singular personality in South African writing Essay Writing has frequently been utilized as device to catch a feeling of the self in the public eye. The issue has unmistakably had congruity in South Africa since the presentation of politically-sanctioned racial segregation approaches. Politically-sanctioned racial segregation was the arrangement of lawful racial isolation forced by the National Party legislature of South Africa somewhere in the range of 1948 and 19931. Under politically-sanctioned racial segregation whites were given a political-racial character which was equal with predominance. The shaded characters in Athol Fugards play Boesman and Lena were left defenseless by the prejudice, as Lenas tune shows when she sings about how Boesman isn't only a name, it is additionally a mark and a recognizable proof of ones culture. The feeling of independence seems to have been supplanted by the need to accommodate in a malignant, isolated society. The idea of being presented to such an antagonistic land is talked about in sonnets, for example, Landscape of Violence, where Currey utilizes a metaphor to compare the legislative issues of South Africa at the opportunity to hailstorms, demonstrating exactly how devastating the consequences of partiality can be. We will compose a custom article test on There is no space for singular character in South African writing explicitly for you for just $16.38 $13.9/page Request now We will compose a custom exposition test on There is no space for singular personality in South African writing explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom exposition test on There is no space for singular character in South African writing explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer To be sure, those got outside the agreeable existence of the world class are delineated as having just a pony to protect them from the hail. Racial preferences are by a long shot the most evident limitation on close to home personality; the characters I have contemplated are characterized above all else by the shade of their skin. In spite of the fact that Afrikanerdom considered itself to be socially particular from the English-speaking South Africans, the two gatherings practiced politically-sanctioned racial segregation approaches to aggrieve dark or shaded Africans, compelling them into compliance. The way that Fugards Boesman and Lena starts with A shaded man uggests that everything from that second forward has been as consequence of his skin shading. Fugard goes further to show that Lena is exceptionally impeded because of being shaded; her fantasies about rethinking herself are met by Boesmans What do you think you are? A white madam? featuring that there are unmistakable cutoff points to her prospects. Outa is ever just alluded to by Boesman as a kaffir, ignoring any character the character may have and putting together his partiality absolutely with respect to his economic wellbeing. In Landscapes of Violence, Currey embraces Fugards see that politically-sanctioned racial segregation catalyzes the loss of character when he composes that racial mentalities, [are] like snakes And each earthy colored and white kid wakes/Beside a sloughed-off adoration one day, the metaphor here proposes threat; racial perspectives will crawl up, and simply like the chomp of a snake invades your blood a tiny bit at a time, they will penetrate philosophy. The similitude of the shed snake skin recommends the racial contempt in South Africa is a made wonder which has taken blamelessness from the recently coordinated society. The dehumanizing and depersonalizing impacts of politically-sanctioned racial segregation are indicated at this point considerably more obviously in Unto Dust, where Oom Schalk Lourens compares individuals of color to creatures. He expresses his shock that white individuals might be let go only at any rate, alongside a dead wild feline, possibly, or a Bushman. Indeed, even the apparently tolerating Lena, in an attack of dissatisfaction advises Outa to stop that mandrill language, suggesting that she considers him to be a being unequipped for human discourse, and along these lines maybe unequipped for feeling human feeling. Be that as it may, scholars, for example, (Mbuyiseni Mtshali) in An Abandoned Bundle have decided not to expressly portray individuals regarding their race, and it could be contended this is because of the absence of need; the peruser will have the option to expect race from the conditions depicted. However, giving an almost certain other option, clarification additionally is found in the Suppression of Communism Act (1950) which is was in actuality the lawful choking of restriction to the politically-sanctioned racial segregation government2. Others, for example, Herman Bosman, who, in the expressions of Christopher Heywood has a light touch in any event, when managing overwhelming issues3, address the shameful acts of racial perspectives in an increasingly unpretentious manner. In Makapans Caves Lourens seems to have destructive racism4 when grouping individuals of color with a steers pulverizing plague (I would never comprehend why [the Almighty] made the kaffir and the rinderpest). It ought to maybe be noted here that the utilization of the word kaffir, albeit absolutely unsatisfactory in todays society, would not really have raised even the most liberal eyebrows in 1930. In any case, Lourens is viewed as supremacist in light of the fact that in spite of challenging desire put on him via thinking about Hendrik, Nongaas is lethally injured on the grounds that Lourens consequently expect him to be the adversary because of his race. Despite the fact that these pictures of bigotry have made Bosmans stories disagreeable to a cutting edge readership, I feel that to take this view is to in a general sense misconstrue the account separation among Bosman and Lourens. In by far most of Bosmans stories, express authorial mediation is restricted only to the Oom Schalk Lourens said which intersperses each storys prefatory proclamation. This authorial marker is an essential apparatus since it quickly builds up a partition among creator and narrator. Politically-sanctioned racial segregation has caused divisions farther than a basic dark/white gap however, saturating gatherings of comparable ethnicity. Marico Scandal presents a white man pursued from his home by the locals outrageous story. The sibilance of the portrayal stresses the malignant idea of the comments made by the Marico ranchers. The radical activity taken by Koos Deventer to stop Gawie engaging with Francina causes Gawie to leave Drogevlei and the Groot Marico for ever. This shows the gravity of the allegation of being blended race and the social disgrace appended to such a mark. Unfortunately, his lover Francina is disregarded and pregnant something considered stunning because of the profoundly Christian viewpoint in South Africa clarifying Francinas harsh, deliberately monosyllabic statements that Gawie is white He is as white as I am. Essentially, in Fugards play, notwithstanding Lenas empathetic endeavors to feel for Outa, Boesman fortifies the qualification between the hued status and the old keeps an eye on sub-par social standing; hes not earthy colored individuals, hes individuals of color. To Boesman Outa is useless and ought to have been a weight to his own class, Go bite the dust in your own reality! It is regularly overlooked, nonetheless, that the Whitemans personality is likewise predefined, and he excessively can't transform it. While Fugard was watching a dark lady walk like a somnambulist close to the Swartkops waterway only north of the city one harshly cool July in 1968, he understood that to her, he and his allies were just white men5. Fugard, who was a poor white man himself, figures out how to get his own personality across by writing in a particularly South African maxim, which reflects both the vulnerability and the capability of his way of life by blending English, Afrikaans and some of the time African discourse. An ear for lingo is one of Fugards qualities, and we are helped to remember class markers in his own discourse that find him in the oppressed communities6. While whites don't seem to endure to the degree of shaded and individuals of color in Fugards portrayal, except for baas Robbie, they are denied the advantage of character. This may mirror the absence of communication whites had with Boesman or Lena (who as minorities individuals were not permitted to have land in a white zone), anyway I feel it is bound to be purposeful incongruity, turning the work of generalizations utilized by whites onto them. The nonappearance of names was a component of the writing which struck me as piercing. The sonnet To a Small Boy who Died at Diepkloof Reformatory portrays a little youngster, with the similar sounding word usage gracious lost and forlorn one underlining the childs vulnerability and disengagement. However in spite of the sonnet being composed as an immediate funeral poem to him, the kid is never given a name. This seems, by all accounts, to be a reflection by Alan Paton on the far off, merciless nature of the South African equity framework. The portrayal of judges, justices lice, and sociologists,/Kept moving and alive by your wrongdoing presents self-serving, degenerate authorities bomb the abused little youngster. Without a doubt the utilization of the uncertain an in the title was proposed, and could suggest that this catastrophe is in no way, shape or form disengaged (similarly with the title of the sonnet An Abandoned Bundle). The indistinguishable here is the former both the report of birth and endorsement of Death show the quickness and inconsequentiality of the young men life according to the indifferent assistants. Paton seems to regret the absence of feeling passed on in the record of birth while for the requirements of society the straightforward where and when may do the trick, the artist understands that these realities overlook the one of a kind parts of the childs life and character, seeing it as progressively significant whether he felt euphoria or distress. Sex is another issue which has weight with respect to personality. All racial and ethnic gatherings in South Africa have long-standing convictions concerning sexual orientation jobs, and most depend on the reason that ladies are less significant and subordinate men. As Albert Wetheim comments, Lena is doubly minimized for she is as a shaded, exploited by whites as a lady, defrauded by a male and the ambush of his fists7 moreover Lena has been not able to satisfy her job as a lady, that of the kid conveyor. An existence of hardship and scattering has ostensibly stripped Lena of truly positive feeling and when later conversing with Outa she regrets once youve put your life on your head and strolled you never get light again. There are
Saturday, August 22, 2020
Sarbanesââ¬Oxley Act Free Essays
string(97) at permitting the intelligibility and correlation of the budgetary data distributed by the company. 01. [pic]Sarbanesââ¬Oxley Act Sen. Paul Sarbanes (Dââ¬MD) and Rep. We will compose a custom paper test on Sarbanesââ¬Oxley Act or on the other hand any comparable theme just for you Request Now Michael G. Oxley (Rââ¬OH-4), the co-patrons of the Sarbanesââ¬Oxley Act. The Sarbanesââ¬Oxley Act of 2002 (Pub. L. 107-204, 116à Stat. 745, ordered Julyâ 30, 2002), otherwise called the ââ¬ËPublic Company Accounting Reform and Investor Protection Actââ¬â¢ (in the Senate) and ââ¬ËCorporate and Auditing Accountability and Responsibility Actââ¬â¢ (in the House) and regularly called Sarbanesââ¬Oxley, Sarbox or SOX, is a United States government law sanctioned on July 30, 2002, which set new or upgraded principles for all U. S. open organization sheets, the executives and open bookkeeping firms. It is named after backers U. S. Representative Paul Sarbanes (D-MD) and U. S. Agent Michael G. Oxley (R-OH). The demonstration was endorsed by the House by a vote ofâ â 423 in favor, 3 contradicted, and 8 declining and by the Senate with a vote ofâ â 99 in favor, 1 avoiding. President George W. Bramble marked it into law, expressing it included ââ¬Å"the most broad changes of American strategic policies of Franklin D. Roosevelt. â⬠Outliness Sarbanesââ¬Oxley contains 11 titles that portray explicit commands and prerequisites for money related announcing. Each title comprises of a few segments, summed up underneath. . Open Company Accounting Oversight Board (PCAOB) 2. Reviewer Independence 3. Corporate Responsibility 4. Improved Financial Disclosures 5. Investigator Conflicts of Interest 6. Commission Resources and Authority 7. Studies and Reports 8. Corporate and Criminal Fraud Accountability 9. White Collar Crime Penalty Enhancement 10. Corporate Tax Returns 11. Corporat e Fraud Accountability Criticism Congressman Ron Paul and others, for example, previous Arkansas senator Mike Huckabee have fought that SOX was a pointless and exorbitant government interruption into corporate administration that places U. S. orporations at a serious impediment with outside firms, driving organizations out of the United States. In an April 14, 2005 discourse before the U. S. Place of Representatives, Paul expressed, ââ¬Å"These guidelines are harming American capital markets by giving a motivating force to little US firms and outside firms to deregister from US stock trades. As indicated by an investigation by an analyst at the Wharton Business School, the quantity of American organizations deregistering from open stock trades about significantly increased during the year after Sarbanesââ¬Oxley became law, while the New York Stock Exchange had just 10 new outside postings in all of 2004. The hesitance of private ventures and remote firms to enlist on American stock trade is handily comprehended when one considers the expenses Sarbanesââ¬Oxley forces on organizations. As indicated by a review by Korn/Ferry International, Sarbanesââ¬Oxley cost Fortune 500 organizations a normal of $5. 1 million in consistence costs in 2004, while an investigation by the law office of Foley and Lardner found the Act expanded expenses related with being a freely held organization by 130 percent. â⬠During the budgetary emergency of 2007-2010, pundits accused Sarbanesââ¬Oxley for the low number of Initial Public Offerings (IPOs) on American stock trades during 2008. In November 2008, Newt Gingrich and co-creator David W. Kralik approached Congress to revoke Sarbanesââ¬Oxley. Commendation Former Federal Reserve Chairman Alan Greenspan lauded the Sarbanesââ¬Oxley Act: ââ¬Å"I am amazed that the Sarbanesââ¬Oxley Act, so quickly created and instituted, has worked just as it hasâ⬠¦ the demonstration significantly strengthened the rule that investors own our partnerships and that corporate supervisors ought to be taking a shot at benefit of investors to designate business assets to their ideal use. SOX has been commended by a cross-segment of monetary industry specialists, refering to improved speculator certainty and progressively precise, solid fiscal reports. The CEO and CFO are currently required to unequivocally take proprietorship for their budget summaries under Section 302, which was not the situation before SOX. Further, examiner irreconcilable situations have been tended to, by denying reviewers from likewise having rewarding counseling concurrences with the organizations they review under Section 201. SEC Chairman Christopher Cox expressed in 2007: ââ¬Å"Sarbanesââ¬Oxley reestablished trust in U. S. advertises by expanding responsibility, accelerating revealing, and making reviews increasingly autonomous. One misrepresentation revealed by the Securities and Exchange Commission (SEC) in November 2009 might be straightforwardly credited to Sarbanes-Oxley. The extortion which traversed about 20 years and included over $24 million was submitted by Value Line (NASDAQ:à VALU) against its common reserve investors. The misrepresentation was first answered to the SEC in 2004 by the Value Line Fund (NASDAQ:à VLIFX) portfolio administrator who was solicited to sign a Code from Business Ethics as a major aspect of SOX. Compensation totaling $34 million will be set in a reasonable store and came back to the influenced Value Line shared reserve financial specialists. No criminal accusations have been documented. Legitimate difficulties A claim (Free Enterprise Fund v. Open Company Accounting Oversight Board) was recorded in 2006 testing the lawfulness (legitimateness) of the PCAOB. The grievance contends that in light of the fact that the PCAOB has administrative controls over the bookkeeping business, its officials ought to be delegated by the President, as opposed to the SEC. Further, in light of the fact that the law comes up short on a ââ¬Å"severability clause,â⬠if some portion of the law is made a decision about illegal, so is the rest of. On the off chance that the offended party wins, the U. S. Congress may need to devise an alternate technique for official arrangement. 02. [pic]Generally Accepted Accounting Principles Generally Accepted Accounting Principles (GAAP) is a term used to allude to the standard system of rules for monetary bookkeeping utilized in some random ward which are commonly known as Accounting Standards. GAAP incorporates the principles, shows, and rules bookkeepers follow in recording and summing up exchanges, and in the readiness of budget reports. Standards get from convention, for example, the idea of coordinating. In any report of fiscal summaries (review, accumulation, audit, and so on ), the preparer/examiner must demonstrate to the peruser whether the data contained inside the announcements consents to GAAP. â⬠¢ Principle of normality: Regularity can be characterized as adjustment to authorized guidelines and laws. â⬠¢ Principle of consistency: This standard expresses that when a business has once fixed a strategy for the bookkeeping treatment of a thing, it will enter every single comparable thing that follow in the very same manner. Rule of truthfulness: According to this standard, the bookkeeping unit ought to reflect in compliance with common decency the truth of the companyââ¬â¢s budgetary status. â⬠¢ Principle of the lastingness of strategies: This standard targets permitting the intelligence and correlation of the money related data distributed by the organization. You read Sarbanesââ¬Oxley Act in class Article models â⬠¢ Principle of non-remuneration: One should show the full subtleties of the money related data and not try to repay an obligation with a benefit, income with a cost, and so on observe show of conservatism) â⬠¢ Principle of judiciousness: This rule targets demonstrating the truth ââ¬Å"as isâ⬠: one ought make an effort not to make things look prettier than they are. Normally, income ought to be recorded just when it is sure and an arrangement ought to be entered for a cost which is plausible. â⬠¢ Principle of progression: When expressing money related data, one ought to expect that the business won't be interfered. This rule mitigates the guideline of reasonability: resources don't need to be accounted at their expendable worth, however it is acknowledged that they are at their recorded worth (see deterioration and going concern). Rule of periodicity: Each bookkeeping section ought to be apportioned to a given period, and split likewise in the event that it covers a few periods. In the event that a customer pre-pays a membership (or rent, and so forth ), the given income ought to be part to the whole time-range and not meant totally on the date of the exchange. â⬠¢ Principle of Full Disclosure/Materiality: All data and qualities relating to the budgetary situation of a business must be unveiled in the records. Guideline of Utmost Good Faith: All the data with respect to the firm ought to be revealed to the guarantor before the protection approach is taken. 03. The International Financial Reporting Standards (IFRS) Many nations use or are combining on the International Financial Reporting Standards (IFRS), built up and kept up by the International Accounting Standards Board. In certain nations, nearby bookkeeping standards are applied for customary organizations however recorded or huge organizations must complies with IFRS, so legal revealing is practically identical globally, across wards. Global Financial Reporting Standards (IFRS) are standards based Standards, Interpretations and the Framework (1989) embraced by the International Accounting Standards Board (IASB). Huge numbers of the norms framing some portion of IFRS are known by the more established name of International Accounting Standards (IAS). IAS was given somewhere in the range of 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On 1 April 2001, the new IASB took over from the IASC the obligation regarding setting International Accounting Standards. During its first gathering the new Board embraced existing IAS and SICs. The IASB has kept on creating measures calling the new principles IFRS International Financial Reporting Standards include: â⬠¢ International Financial Reporti
Friday, July 24, 2020
Let me introduce myself.
Let me introduce myself. My name is Camille (Cami) Mejia. I am a lover of music, dogs, baking, and BTS. I main Ashe in Overwatch. I love chemistry and biology. I have a fear of heights and needles. I am smart and capable and ready for whatever MIT has to throw at me. That last paragraph is supposedly my identity how I define myself to other people when they ask me who exactly I am. All of that stuff is mostly true. I do like music! I bake every week. BTS owns me and could hit me with their tour bus and Id say thank you. But that last sentence is something Ive been struggling with for the past month Ive been here. I am smart and capable and ready. I dont know if thats the truth. In a previous blog post, I listed out my classes (8.01, 18.01A, 3.091, and 21M.011)01 8.01 = Physics Ibr / 18.01A = sped-up version of Calculus Ibr / 3.091 = Intro to Solid-State Chemistrybr / 21M.011 = Intro to Western Music but I didnt realize exactly how unprepared I was for my classes. I knew MIT was hard. I didnt enter MIT thinking I was going to immediately thrive or pass all my classes with flying colors. I entered with pretty levelheaded expectations Im going to try my hardest because nothing here comes easy. You have to work for it. Despite that, I didnt expect to struggle this much. In 8.01 alone I spent nearly 7-9 hours each week on psets, and even then, I didnt understand the content as well as I should have. Even then, there were peers who were spending more time on the psets and not finding the urge to quit. So why was I? Seeing classmates willingly suffer through difficult psets made me convince myself that I simply wasnt trying hard enough that I was shying away from a challenge, that I wasnt trying hard enough. I beared through another week of 8.01, thinking that if I just took more notes, read the textbooks a little bit longer, stayed for all of office hours, then I would feel it a sense of understanding. That click to go off in my head. Needless to say, it didnt. 8.01 utilizes TEAL technology-enabled active learning. Essentially, we work in groups of three and follow along with lectures via laptop. We do group problems, where we are then thrust towards whiteboards and told, Solve!. And for some, this method is useful. For me? It lacked structure. I had difficulty differentiating between when to use vector notation and hat notation, since that was something my physics teacher in high school never really went over. I felt like a detriment to my three-person team, as I floundered with the Expo marker in some desperate attempt to write something down (Does the hat go there? Wait, does this look right? Sorry, I dont know what to do. They seem to be doing something right, maybe?). At the end of each lecture, I felt mentally drained from the anxiety that would come from letting my team down and also just the exhaustion of not understanding the past two hours of class. Office hours werent any better. It felt like a clusterf*ck of students just hammering away at problems one by one and even when I asked for clarification, I didnt really understand. I needed foundation. I made the ultimate decision to switch into 8.01L, a version of Physics 1 with a slower pace that feeds into IAP. Just last week I attended my first 8.01L lecture, an early 9am in one of my favorite lecture halls, 6-120. Being in a traditional lecture style class alone made me feel more at ease. I followed and understood lectures, finished my psets in 30-40 minutes, participated more in recitation. It wasnt completely easy. I still had to ask for help on questions, but when explained to me, I understood. I was feeling finally at peace with my classes. I was building a better foundation of my physics knowledge. Chemistry was fun and exciting. Music was informative and light-hearted. Calculus was going grea I got a D on my calculus midterm, a 45%. Granted, thats a D+, but a D nonetheless. I had previously taken AP Calculus BC in my sophomore year and gotten a 5 on the AP test with no real difficulty, aside from a couple topics that I asked for extra help with. But the 18.01A midterm was something I was fully unprepared for. Now I come to the dilemma again Am I weak for wanting to drop into 18.01, the longer but more structured class? Am I just shying away from a challenge, or do I actually need help? Cant I just suck it up for two more weeks, take the final, and be done?02 18.01A is an expedited version of calculus here where the class only lasts for half a term and not the full length My roommate, Mariia, once told me that she cant complete any of her psets without collaboration. 18.01A is the same. It seems I always have to ask for a great deal of help for 18.01A, but maybe thats just the nature of the class. Maybe its not that Im incompetent, but the class is just extremely hard. But then why the D? Why was I 10 points away from the class average? Maybe its not that the class is hard, but I dont understand. Or maybe the class is hard and I dont understand. But if the class is meant to be hard, shouldnt I be okay? Shouldnt I be satisfied with my D and go on with my life and go through two more weeks and then just be done with calculus? This is just a glimpse into my inner monologue, as I jump from one thought to another. Drop the class, but dont. Find a better foundation, but dont look for something easy. Even now, Im looking at my pset and thought I knew what was going on. I did the first question with understanding. Question 2 completely lost me. I sat in office hours for 2 hours and I still didnt grasp a thing. I had a talk with my adviser last night and I told him about how unnecessarily difficult the calculus problems are. I even texted a couple of friends and browsed OCW to see how much better my life would be if I just were in 18.01. Thats not to say that 18.01 is easy calculus is no easy feat. But the drastic difference between the complexity of the problems ultimately solidified my decision. 18.01A felt like a series of Gotcha! questions, whereas 18.01 felt like it was working to just solidify your knowledge of calculus. That night, I submitted my Add/Drop form to my adviser, dropping 18.01A and adding 18.01. Instantly, it felt like weight off my shoulders, which partly was because I had a pset due the next day, but also because I wasnt putting myself through anymore unnecessary stress. Still, there are downsides to switching to those classes. I look around in lecture and dont really know anyone. Ive come to hate the words Turn to a neighbor and discuss, as I awkwardly turn to the empty chair next to me or just stare ahead at the board as chatter goes on with me twiddling my thumbs. Psets are still lonely, as my friend group meets up for 8.01 and 18.02 and I just kind of wait around until theyre done or try and figure out problems on my own. Regardless, I still think these classes are the best choices for me and, at the end of the day, thats what it truly comes down to: the best option for ourselves. I came to MIT with a very skewed mindset, a strange fear of being judged or not being good enough for the people around me. I still feel like that at times. I rarely can offer any assistance for my friends psets, and I know for sure that Im not their first choice in the few occasions when they do ask me. Its spiraled into me really just asking myself: What am I good at? What am I good for? Its known I dont excel in mathematics and physics. But Im not particularly good at biology or chemistry. I cant CAD. Im bad at coding. Im only kind of okay at guitar. Ive snowballed into believing that Im about mediocre or below average at everything I put my hand to and its embarrassing. I look at my friends and can identify their strengths relatively easily, whether that be in academics, soft skills, athletics, or hobby-based skills. But when I look at myself, a giant question mark pops into my head. I jokingly call myself the stupid one in the group, but I think I say it so much that I begin to believe it. Or maybe I wasnt even joking in the first place. I try to make up for my lack of knowledge with enthusiasm and humor and various extracurriculars to give me some sort of substance, but just the thought that I will never be as academically adept will always linger. I cant fit myself into the boxes that seem to be lined up here. Declaring a major fills me with unbelievable fear because, frankly, I dont know who I am. I dont know what I like anymore. I dont know what Im good at anymore. I struggle to even say Im good at things because I dont know what good even means anymore. Good in relativity to what I knew? Or to what I know now? I love MIT and I love it here; Im just a little lost. And I think thats okay. I dont really know any freshmen whove got their shit together, and even if they do in some aspects, I know theyre struggling with others. Transitioning to college is hard, but simultaneously so, so rewarding. Life around me is changing constantly new friends, new environment, new classes, new opportunities. Since Ive been here, Ive done so many things Ive never done before. Each day Im figuring myself out a bit more and more. I found out that cooking is not as hard as I thought it was before, and, in fact, I love cooking. I discovered that I might be interested in chemical engineering. When I got my flu shot the other day, I didnt flinch and realized I had finally conquered my fear of needles. Yes, theyre small, trivial things, but Im slowly figuring out what I want to do and who I want to be. So let me reintroduce myself: My name is Camille (Cami) Mejia. I am a lover of music, dogs, baking, cooking (apparently!) and BTS. I love chemistry and biology. I love working in lab. I have a fear of heights, but not needles. And, I dont know exactly who I am or what I want to do, but I know is that Im trying my hardest. And thats good enough for me. Post Tagged #if youre in 18.01 or 8.01L please be my friend 8.01 = Physics I 1 back to text ? 18.01A is an expedited version of calculus here where the class only lasts for half a term and not the full length back to text ?
Friday, May 22, 2020
Why Is Quality Is Preferred Essay - 1757 Words
For the duration of my high school years in academic writing courses, it was always apparent that teachers valued not of what you had written, but more of the length of your papers were done in. Over the college course of English 5A, it became evident that our papers are view upon the quality of work done, rather than the amount written. Even though we are expected to write a substantial amount of pages in a given assignment, I became aware that my professorââ¬â¢s value the quality rather than quantity. When focusing on the quality of a paper, you re paying attention to the depth of your ideas, structures, and how your ideas have credible sources to back them up. This is what will be concentrating on in this essay. It will examine my ideas of why quality is preferred, through examples and supportive views from other credible sources like Penrod and Huffington Posts. First and foremost, in order to understand my argument of what is ââ¬Å"quality,..â⬠based essay is, take a look at my first credible sour. The award winning 2nd place essay of the Printerââ¬â¢s Devil Contest, was written by a student in a first-year composition course at Arizona State University, Grant Penrod, was ââ¬Å"Anti- Intellectualism:Why We Hate Smart Kidsâ⬠. Penrodââ¬â¢s essay addressed the causes and effects of anti-intellectualism, he argues: ââ¬Å"Perhaps the most obvious cause of anti-intellectual tendencies, harmful social stereotypes begin to emerge as early as in high school. The idea of the ââ¬Å"geekâ⬠or ââ¬Å"nerdâ⬠of theShow MoreRelatedEvaluation Of The School District770 Words à |à 4 PagesChapter Four The research around student choice in selecting their courses and teachers, will allow the school district to build upon the relationships already established. When students are placed into their preferred teachers class, it will reduce the discipline, improve attendance, decrease the loss of instructional time, and improve the climate and culture within the school. If the proposed plan from the previous chapter is implemented, the school district will be able to improve the classroomRead MoreDetermining The Final Marketing Mix1299 Words à |à 6 Pagescompleted in BSBMKG501B to complete this question. required or preferred products/services: preferred price point: preferred method of payment: How will consumer priorities, needs and preference impact on the marketing mix selected? Consumer priorities, needs and preference Impacts on the marketing mix Required or preferred product/services By providing the customers whatââ¬â¢s in demand, we make them happy, thus increase in sales. Preferred price point By purchasing the product at the right price, weRead MoreEssay about Strategic Analysis: New York Fries1147 Words à |à 5 Pagesincome families Secondary Model: costumerââ¬â¢s intimacy Problem solving proficiency Skills in customer needs Customer relationship mind set PROBLEM/ISSUES and CAUSES - Part 2 What: international growth of business Why: management issues Political/legal problem Recession When: immediately COMMON DECISION CRITERIA ââ¬â Part 3 Upon what basis will you make your decisions about your alternatives? For each criterion you must indicate in bothRead MoreStrategic Management: Crafting and Executing Strategy1252 Words à |à 5 Pagesindustry and the company name is Asian Airlines. The report starts with a strong argument supporting why and how a strategic plan is important for an airline business and proceeds by discussing the mission and vision statement for Asian Airlines. The next section establishes five key objectives for the company encompassing operational, financial, and human resource aspects of its business and justifies why these objectives are important for its success. The final section also justifies how these objectivesRead MoreExplain Why Companies Use Competitive Bidding and Explain the Advantage of Using It.996 Words à |à 4 PagesTitle: Explain why companies use competitive bidding and explain the advantage of using it. Introduction In the modern businesses, selecting the qualified suppliers becomes more and more important activities for the companies. Lots of companies use the method of competitive bidding, which is commonly used for selecting suppliers. Transparent procurement method in which bids from competing contractors, suppliers, or vendors are invited by openly advertising the scope, specifications, and termsRead MoreFin 516 Mini Case1684 Words à |à 7 Pagesbasic or fundamental potential for failure that is associated with the ongoing function of any type of business entity (Tatum, 2003, para. 1). The operating risks for Google Inc. include: internal fraud, destruction of company property, and quality of goods. Internal fraud is common in almost all industries and the same is true for the IT industry. Google Inc. is no exception to this type of operating risk, especially because of how much Google Inc. is worth. Yahoo Finance displayed theRead MoreThe Decline of DVD Sales Essay1154 Words à |à 5 Pagesand CEO Michael Lynton stated the following about the DVD market decreases, ââ¬Å"it isnââ¬â¢t just contracting, and itââ¬â¢s becoming more volatile and unpredictable than it used to beâ⬠. 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People tend to prefer certain coffee companies over others. What is the difference? All the coffee comes from a Coffea plant. So, which coffee company do people prefer most? Starbucks? Dunkinââ¬â¢ Donuts? McDonalds? Why do people prefer one company to another? As a common coffee drinker, the researcher is very curious of other peopleââ¬â¢s preference. With all of the coffee choices, is the more expensive brand the best? Starbucks opened its doors for the first time inRead MoreEssay on Manage Personal Work Priorities and Professional Development1000 Words à |à 4 Pagesorganisation gives employees a sense of value for their employer and they are motivated by the opportunity to reach their full potential. Benefits to either party may include cost and time savings, improved work ethic and improved job satisfaction. 4. Why is it important to develop effective internal and external networks? How do they assist with your work? Networks are mutually beneficial relationships established with other business people or potential clients. Information, knowledge and ideas can
Thursday, May 7, 2020
Effects Of Obesity On Children s Self Image - 1177 Words
Childhood obesity has nearly doubled in the past 30 years. Being obese is classified as having an excess amount of body fat. Obesity in children has detrimental effects. Children who experience obesity are more likely to suffer from different health effects such as cardiovascular disease, various cancers, diabetes and much more. Besides these obvious health factors, being overweight can also lead to children being teased, which can lead to children having a negative self image. Self-image is crucial when you are a developing child. The various forms of media that continuously tell people how they should look can easily affect oneââ¬â¢s self-image. The obesity rate will continue to grow if no action is taken. To conquer obesity in adolescence we must figure out a way to tackle this huge problem, and changes must be made. In order to save our children from bad health and to protect their self-image we must promise to help them fight obesity. So, how can we get people and parents to make health changes that will lead to an overall decrease in obesity? Children are often times very malleable and adapt easily when influenced by elders or peers. An option that could be incredibly effective is working to get the whole family involved to achieve an overall goal of greater health. Nutritionist Melinda Smith says, ââ¬Å"Healthy habits start at home. The best way to fight or prevent childhood obesity and weight problems is to get the whole family on a healthier trackâ⬠(ââ¬Å"Weight Problemsâ⬠Show MoreRelatedSchools Should Implement Programs Tailored to Prevent Childhood Obesity796 Words à |à 4 Pagesadverse consequences of childhood obesity on the overall prosperity of the country, elucidating the urgent requirement of prevention programs in schools. Childhood obesity is one of the most alarming public health challenges of the 21st century(World health organisation.(2012). Obesity according to Bruce-Keller et al.(2009) is ââ¬Ëa physiological condit ion in which excess body fat has accumulated to an extent that it can negatively affect healthââ¬â¢. Over 90% of children in Australia attend school, moreRead MoreEssay on Informative Speech Outline-Childhood Obesity840 Words à |à 4 Pagesà Topic: Childhood Obesity INTRODUCTION I. Attention Getter: Hi, my name is Jill. I have been a pediatric nurse for almost 2 years now. According to the National Center for Health Statistics in 2011, childhood Obesity has more than doubled in children and quadrupled in adolescents in the past 30 years. And in 2012, more than one-third of children and adolescents were overweight or obese. II. Specific Purpose: I would I like to inform you all of childhood obesity and ways to get involvedRead MoreEnvironmental Risk Factors And Obesity969 Words à |à 4 Pagescontribute to obesity. Analyzing the effects of neighborhood environments is significant since it represents a broader social and community background that clarifies childrenââ¬â¢s behaviors towards physical activity and poor nutrition. Moreover, neighborhood environment aspects such as poor housing, crime, lack of sidewalks, grocery stores, and recreational areas have the ability to be improved through public policy (Mantziki, 2015). Some of the recent studies examining neighborhood effects and obesity haveRead MoreThe Negative Effect Of Youth Health Essay1734 Words à |à 7 Pagescommercial or a sexy, skinny model on the front of a mag. All these advertising elements may seem positive, may it be the pretty colours, gorgeous people, catchy phrases. These potential positive things are having a negative ef fect on youth health, as the unhealthy, unrealistic images portrayed are brain washing our younger society into unhealthy habits and ways of living. Goodman (1999), research found that the average young person views more than 3000 ads per day on television, on the Internet, onRead MoreChildhood Obesity Leading to Adult Obesity and Health Problems1200 Words à |à 5 PagesChildhood Obesity is becoming More Significant and leading to More Adult Obesity and Health Problems Introduction: Childhood obesity is an escalating issue in all over the world and particularly in the United States children and adults. This issue has received more attention in last thirty years as the number of flabby and obese children and adults has increased to double in the entire world. According to a report of Centers of Disease Control (2001), the number of obese children and adultsRead MoreEffects Of Obesity On Children Health1139 Words à |à 5 PagesEffects of Obesity on Children Health Obesity is a serious medical and psychological condition that affects children, adult, and elderly people. According to WHO, People who are above the normal weight for their age and height are called obese. Childhood obesity has been problem in developed as well as in developing countries. As Cause, it is accepted that increase in obesity results from an imbalance between abnormal intake of unhealthy food and drink and also unable to burn calorie. There is increasingRead MoreThe Field Of Psychosocial Epidemiology Essay1369 Words à |à 6 Pagesvariables associated with a chronic health condition. Obesity is a chronic health condition characterized by presence of excess of body fat. Obesity is measured by using Body Mass Index (BMI) in children 2 years of age and older. The BMI is calculated by the body weight (in kilograms) divided by the height squared in meters. In adults, a BMI between 25 and 30 kg/m2 is regarded as overweight and a BMI greater or equal to 30 kg/m2 is regarded as obese. Obesity in adults is subcategorized as class I (BMI âⰠ¥30Read MoreObesity : A Major Problem Today Society Within The United States1548 Words à |à 7 PagesObesity is a major problem in todayââ¬â¢s society within the United States. To be more specific, childhood obesity. Childhood obesity is becoming worse, and the adults donââ¬â¢t realize the impact it has on the rest of the child s life. According to Americas Letââ¬â¢s Move initiative the definition of Obesity is, ââ¬Å"excess body fat. Because body fat is difficult to measure directly, obesity is often measured by body mas s index (BMI), a common scientific way to screen for whether a person is underweight, normalRead MoreChildhood Obesity And Its Effects On Children Essay1645 Words à |à 7 PagesChildhood obesity introduce In addition to the physical harm, obesity and negative psychological impact on children. This is a high risk factors of childhood obesity, which can lead to high blood pressure, high cholesterol, diabetes and cardiovascular disease. Obese children always lower than that of healthy children intelligence and operators. Their activities, learning and communication ability is very low, and their depression and low self-esteem can make the children s sensitivity to interpersonalRead MoreObesity : The Problem Of Obesity1643 Words à |à 7 PagesTeen Obesity In Chicago Many Latino teens in Chicago suffer from what is called obesity. Throughout the Chicagoland, there are a variety communities that show health factor. In the Pilsen Community, obesity is highly defined in that area which determines the outlook on how Pilsen is in need of help for young teens to stay fit and lower the amount of obese teens that are in the Pilsen community. The problem would much simplier be not enough exercise or unhealthy foods that teens eat. However lack
Wednesday, May 6, 2020
Beverage Service Training Program for Servers Free Essays
Beverage Service Training Program for Servers Introduction Beverage service industry is typically defined as a part of the hospitality industry. The training program coaches the servers to welcome customers, take drink orders, and serve drinks in a competent manner. The graceful behavior of beverage servers is extremely valuable because they are the frontline representatives of the restaurant/ hotel. We will write a custom essay sample on Beverage Service Training Program for Servers or any similar topic only for you Order Now Although, no hard core education or training is necessary for this industry, yet the development of a planned training module is essential. The basic etiquettes, which are essential for this industry, can be imbibed by various training approaches (Hickey and Cichy, 2011) Training Methods In the beverage serving industry, customer is the central focus. Therefore, it is vital to serve him in the best possible manner. In this whole act, server is the crucial element of dining service, so that there is implementation of diverse training modules. There is a bifurcation of training modules in two categories: Off-the-job and On-the-job training modules Off-the-job Training: This training module entails classroom training. This training requires extra devotion from the server in gaining training. Different types of training methods in this module are: Classroom Lectures: This training includes lecture delivery on topics related to curriculum of the training module. It is beneficial because the instructor provides first-hand information to the servers and servers get proper guideline to follow. The instructor will provide information to serve glass or place the tray. Also readà Modules 9 10 One more benefit of this technique is that, in case of any mystification, the server can ask immediately (Hickey and Cichy, 2011) Role Plays: It is the most widely used training method, as it inculcates the grounding of real time situations. In this, the server experiences different hypothetical situations and prepares himself to react in the most efficient manner (Danziger, and Dunkle, 2005) On-the-job training, module: This training method is most appropriate for this industry. The different techniques, applied in this field, are: Coaching: It engrosses one-to-one interaction. In this, the server gets assignation of a senior person, and the person communicates the plan to the server. The basic utility of this method is that it provides a prospect, with which a server gets instant feedback for his performance (Parpal, 2012). Apprenticeship Training: This training module enables the server to experience actual working performance. This training also provides the server with suggesting some novel ideas of serving the drinks, new wine combinations, and many more (Danziger and Dunkle, 2005). Training Objectives The training objectives, in beverage serving training, are mostly not quantitative but qualitative. Some of the training objectives are as follows: 1. To Impart Effective Communication Skills: The communication skills are hugely prominent in the service industry, as it will persuade the customers to buy that product. The perfect explanation of the menu is a prerequisite in this industry. 2. To Instill Serving Skills: The manner of placing the glass on the table is extremely crucial. While serving the customers, it is essential to focus over the table, as placing glasses over the table will require caution and proper arrangement of plates and glasses (Arduser, and Brown, 2005). 3. Proper Dressing Style: In the hospitality sector, it is essential to have proper dressing style. The personal hygiene is a noteworthy factor, as the dirty or clumsy appearance will impart a false impression on the customers (Arduser, and Brown, 2005). 4. Building Right Attitude: The right attitude involves the empathetic behavior of servers towards customers. The feeling of helping customers with a smile is particularly influential in service oriented sector. Building right responsive behavior, concerning customers is the main motive of this object (Arduser, and Brown, 2005). 5. Attentiveness: It refers to cautious behavior regarding customersââ¬â¢ desires. A decent server will be vigilant enough to recognize the requirements of customers; like, when a customerââ¬â¢s glass is empty, the server immediately needs to ask if the customer needs other peg for drink. It is terribly hard during night shifts and long working hours (Arduser, and Brown, 2005). Measurement of Training Success To calculate the success of training, various methods are employed: 1. Regular Assessment: This method is highly functional for the measurement of success of training modules. The learning time consumed in gaining expertise in the operations, like handling bottles, opening the cork of the bottle and displaying controlled hand gestures are measured by this method (Parpal, 2012). 2. Observations: The behaviors with customers and dressing style are measured by keen observation. The courteous behavior is measured by ardent supervision. Moreover, the supervisor keeps an intense vision on the behavior of the server during night hours. During night hours, the chance of misbehaving with customers is comparatively high. 3. Customer Satisfaction Survey: This method is the finest among all the evaluation tools. Customers provide the genuine results for the performance of any beverage server. It will require a set of questions, which may offer correct measurement of performance (Parpal, 2012). Various other parameters are also taken into consideration for the performance measurement of servers, for example, attendance during lectures, dedication to learning more and evaluation of daily feedbacks. All these data will then be evaluated to calculate the overall success of the training program. In the end, the customer revisit will also be a symbol of success of training schedule (Hickey and Cichy, 2011) Work Cited Arduser, Lora and Brown, Robert D. The Waiter Waitress and Waitstaff Training Handbook: A Complete Guide to the Proper Steps in Service for Food Beverage Employees. Atlantic Publishing Company, 2005 Danziger, James and Dunkle, Debora. Methods of Training in the Workplace. Web. 10 October 2012. http://www. crito. uci. edu/papers/2005/DanzigerDunkle. pdf Hickey, Philip J. and Cichy, Richard. Managing Service in Food and Beverage Operations. Educational Inst of the Amer Hotel (3rd ed. ). 2011 Parpal, Monica. Restaurant Server Training Guidelines. Restaurant Equipment and Supplies. Web. 10 October 2012. http://www. foodservicewarehouse. com/restaurant-equipment-supply-marketing-articles/restaurant-management-and-operations/restaurant-server-training-guidelines/c28036. asp How to cite Beverage Service Training Program for Servers, Papers
Monday, April 27, 2020
Tata Group free essay sample
Out of seven general environmental sectors, following three trends pull the most attention. Economic sector. Steel industry depends on the cyclical economic condition and highly reliant on many other industries such as automobiles, construction, appliances and so on. If the economy is negatively affecting on its dependent industries, it will influence negatively for the Tata Steel. In 2007, when Tata Group acquired British based Corus Company, it became the 6th largest Steel Producer in the world, however it affected very negatively at the time because of U. S economic crisis. As the economy is recovering year by year, the Corus Company acquisition is giving tremendous benefits and profit for the Tata Group. Therefore, overall todayââ¬â¢s economy has a positive effect on Tata Steel. Sociocultural Segment. According to the Tata Steel Annual Report, Tata Steel got the Golden Peacock Global Award in 2009, and this award is the evidence to all customers and suppliers that the company acclaimed the highest honor and accreditation in the business. We will write a custom essay sample on Tata Group or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The Tata Steel Company has wonderful cultural values, which are proven in their business ethical behavior and constant improvement of their employees and their familiesââ¬â¢ lives. Furthermore, Tata Group donates and improves in health issues, economic well-being, and education facilities to the India. All these factors are positively affecting for the company, and it is building much stronger brand name. Political/Legal Segment. Tata Steel operates in few unstable countries like Iran, Bangladesh, and Mozambique, and sometimes this brings some political uncertainty issues in those countries. Furthermore, Indian government plays a key role in the economics of Tata Steel. It has a role as a resource allocator of mining policies, as a regulator, and as a competitor for being the public sector steel company. In a global environment, steel business is hindered by the large presence of tariffs. In order to avoid high tariffs, it is usually better to acquire plants within tariff-protected areas to reach those markets. Overall, the political/legal segments are negative because Tata Steel Company does not have 100% control over its resources and future outcomes. Porterââ¬â¢s Five Forces: Based on Exhibit 1, Steel industry is unattractive industry because both rivalry and power of buyers are pretty high, and suppliers have medium power. Despite of unattractive industry, Tata Steel performs highly profitable because they chose the proper competitive position within the industry. The most significant three forces were bargaining power of buyers, rivalry, and threat of substitute products. First, the bargaining power of buyers is high because steel companies have very small product differentiation and low switching cost. Therefore, buyers can put some pressure on steel companies. However, Tata Steel has made a good control system for buyers who can maintain lower inventories and order more frequently. Second, the threat of substitute products is moderate. Although there are few substitute materials such as plastics, aluminum and other advanced composites, the steel market is pretty stable due to the improvement of technology. Plus, nothing can replace steel in automobiles and construction industries in near future. At last, the intensity of rivalry among competitors in steel industry is pretty high because there is very small product differentiation among the competitors. Now, most of the big steel companies are concentrating on emerging markets, especially China, and it brings a huge war among them. Forces Ratings Reasons Threat of New Entrants Low Entering steel industry requires high capital investment for manufacturing and logistics. Setting up supplier and customer relationship is time consuming and costly. Bargaining Power of Suppliers Moderate There are many raw material sources out there, and suppliers do not offer highly differentiated components. Instead, they offer standardized product. Plus, lots of steel industries are their own suppliers of raw materials. Bargaining Power of Buyers High Price competition steams from buyers having low switching costs and low product differentiation. Buyers have the power to negotiate down a deal to their terms. Rivalry Among Competing Firms High There are more than 20 competitors ranging from large-scale operations to the small and regional. Competition among these competitors causes a cyclical effect within the industry. Ultimately, the company with the lowest fixed costs will survive the longest and most profitable. Threat of Substitute Products Moderate Plastics and composites are getting more and more popular these days, and it eventually started replacing some of the steel because it is cheap (automobiles industry). Competitor analysis: There are many competitors for Tata Steel Company such as JFE, Arcelor Mittal, Nippon Steel, Posco, and so on. These companies are all located in relatively high-wage countries. Therefore, Tata Steel has a small advantage in terms of labor-cost. However, its biggest competitor, Arcelor Mittal manages to perform very efficiently last couple decades. Netherland based Arcelor Mittal Company is the largest steel company in the world, and its biggest advantage would be its humongous resources and capabilities. Arcelor Mittal Company makes each and every person working on their behalf feel valued. It also has the number one RD in the steel industry; over 1,400 full time researchers with budget of approximately $300 million. Another big advantage of Arcelor Mittal would be its distribution network, which provides customized steel solution for more than 200,000 customers (arcelormittalsa. com). However, this company has few weaknesses as well. First, it has very high investment cost with low. Second, it is struggling with Chinese market because of all the regulation on FDI in steel industry and political conflicts. Arcelor Mittal current strategy is to gain higher market share from Chinese steel industry and maintain their cost-competitive position in Europe and Asia. They are also planning to keep investing in their RD and try to find the new markets around the world (Mittal Annual Report). Therefore, they are inferior to its competitors because they do not have as strong operations or logistics as Tata Steel in Asian market Internal Analysis: ************** Add the chart at the end The major advantages in the value chain for Tata Steel include operations and human resources management (See exhibit 2). First of all, Tataââ¬â¢s operations are highly efficient. Within last ten years, Tata Steel managed to reduce the workforce by 30,000 while at the same time nearly doubling the production. Also, Tata Steel has been praised as the worldââ¬â¢s best steel company (World Steel Dynamics) Second, its human resources management built very healthy organizational culture by providing outstanding health and financial satisfaction for their employees. In return, Tata Steel gained their employeesââ¬â¢ loyalty and devotion, which is shown by their productivity within the company. Developing core competencies are crucial for creating competitive advantages. For Tata Steel, their main tangible resources include their solid financial status, which gives them favor for their foreign companiesââ¬â¢ acquisitions. Their intangible resources would be their strong commendable vision and leadership culture from its beginning. Tata Steel has created outstanding employer-employee and customer relationships over the time. For their employees, they even built nice flourishing city named Jamshedpur, and now it is one of the highest living standards city in India. From exhibit 3, the two most important core competencies are the companyââ¬â¢s ability to utilize its human resources and perception of its brand name, which automatically implies great quality. Human resources are the main basis for its competitive advantage. They emphasized the vision from the top management level, which made it possible at the ground level. They also created beautiful environment for their employees that easily attract some talents. Within last ten years, it doubled its productions and got awarded as the worldââ¬â¢s best steel company. Customerââ¬â¢s perception of Tata Steel brand is also a key core competency. Comparing to other competitors, Tata Steel affiliated with its parent company Tata Group, which is very well respected and well-known company. Moreover, it is been in steel business over a century and is definitely hard to imitate its quality branding. All these facts provide the company a sustainable competitive advantage. Resources Valuable Rare Inimitable Non-substitutable Core Competencies Captive Mines Yes Yes Yes Yes Sustainable Human resources Yes Yes Yes Yes Sustainable Brand name Yes Yes Yes Yes Sustainable Product quality Yes Yes Yes Yes Sustainable Customer relationship Yes Yes No Yes Temporary Organizational culture Yes Yes Yes Yes Sustainable Channel of distribution Yes Yes Yes Yes Sustainable Business-level strategy Low-end products Highest quality mini milled steel Offer low and competitive prices Lean management style Corporate Level strategy Optimize existing operations Use Greenfield technology Acquisitions Go global Strategy: Low-cost leadership strategy. Being a low-cost provider, they gave incentive workforce and advance technology and processes. Their plants are built inexpensively and operate efficiently. nVertical CSA à §Partnering firms share resources capabilities from different stages of the value chain to create a competitive advantage. nHorizontal CSA à §Partnering firms share resources capabilities from the same stage(s) of the value chain to create a competitive advantage à §Commonly used for long-term product development and distribution opportunities SWOT Analysis Strengths Successful marketing strategies High RD capabilities Strong retail and distribution network Decentralized business units, high employee empowerment Opportunities Acquisition strategies Leverage, extend technology advantage High demand of steel in all sectors New market opportunities and improved bargaining power through acquisitions and mergers Weaknesses High cost of *************** mill operation Exposure to economic, business cycles of customers Lack of international presense************** Threats High price of raw material Increasing consolidation/Oversea competitors Changes in the cost of electricity and natural gas Strengths Impact on Opportunities or Threat Successful marketing strategies High RD capabilities Tata Steel Part II: Analysis of TATA Steel 1. Application of Business Strategy Modelââ¬â¢s to TATA Steel 10. 1 SWOT Analysis SWOT analysis is done for a company, to find out its overall Strengths, Weaknesses, Threats and opportunities leading to gauging the competitive potential of the company. The SWOT Analysis enables a company to recognize its market standing and adopt strategies accordingly. Here SWOT analysis of ICICI bank is made to understand the positioning of the bank better: STRENGTHS 1. Tata Steelââ¬â¢s Indian operations are self-sufficient in the case of its major raw material iron ore through its captive mines. 2. Very advanced Research and Development wing which is carrying out researches and experiments in the areas of raw materials, blast furnace productivity, steel making, product development, process improvement etc. Several thrust area projects were taken up 3. Tata had a strong retail and distribution network in India and SE Asia. Tata was a major supplier to the Indian auto industry and the demand for value added steel products was growing in this market. 4. The Company is on its way to reach a crude steel capacity of 10 million tonnes per annum by FY 2011. The first phase of reaching the crude steel capacity of 6. 8 million tonnes per annum, Brown field projects, is nearing completion 5. The Company has in place adequate internal control systems and procedures commensurate with the size and nature of its business. The effectiveness of the internal controls is continuously monitored by the Corporate Audit Division of the Company. Corporate Auditââ¬â¢s main objective is to provide to the Audit Committee and the Board of Directors, an independent, objective and reasonable assurance of the adequacy and effectiveness of the organisationââ¬â¢s risk management, control and governance processes. Corporate Audit also assesses opportunities for improvement in business processes, systems controls and may provide recommendations, designed to add-value to the organization. It also follows up on the implementation of corrective actions and improvements in business processes after review by the Audit Committee and Senior Management. 6. Tata Steel has been on a path of accelerated growth with foray into several geographies and markets through aggressive mergers and acquisitions. 7. Tata Steel now is in the process of implementing a structured approach in risk management called Enterprise Risk Management (ERM). The key objectives of the Company through ERM are: To enshrine the process of ERM as a usual Business Process and integrate into all decision making and planning processes. To ensure that all levels of Management identify and monitor risks through a properly defined framework. To provide periodic information and updates to the Board and the Shareholders on the significant risks and the ways of mitigating the same. 8. Tata Steel addresses the risk of cyclicality of the Steel industry by marinating rich product mix and higher value added products whose volatility is lower. Moreover, the industry itself has been undergoing some structural changes with Consolidations. These changes are expected to bring in greater stability to prices. 9. Tata Steel with its modernization plans has ensured that it deploys the best technologies to ensure quality, cost-efficiency and environment-friendly processes. Through acquisition of Corus and with new Greenfield ventures, Tata Steel has ensured that it has diversified the concentration risk in single technology of Iron Steel making WEAKNESS 1. Endemic Deficiencies: These are inherent in the quality and availability of some of the essential raw materials available in India, eg, high ash content of indigenous coking coal adversely affecting the productive efficiency of iron-making and is generally imported. Advantages of high Fe content of indigenous ore are often neutralized by high basicity index. Besides, certain key ingredients of steel making, eg, nickel, Ferro-molybdenum are also unavailable indigenously. 2. India is deficient in raw materials required by the steel industry. Iron ore deposits are finite and there are problems in mining sufficient amounts of it. Indias hard coal deposits are of low quality and the prices of coking and non-coking coal are ever increasing. 3. Raw materials for steel production are rapidly depleting and are nonrenewable; company has to come up with sustainable methods in steel production. 4. Steel production in India is also hampered by power shortages. 5. Insufficient freight capacity and transport infrastructure impediments to hamper the growth of Indian steel industry. 6. Low Labour Productivity: In India the advantages of cheap labour get offset by low labour productivity; eg, at comparable capacities labour productivity of SAIL and TISCO are 75 t/manyear and 100 t/manyear, for POSCO, Korea and NIPPON, Japan the values are 1345 t/man year and 980 t/manyear. 7. High Cost of Basic Inputs and Services: High administered price of essential inputs like electricity puts Indian steel industry at a disadvantage; about 45% of the input costs can be attributed to the administered costs of coal, fuel and electricity, eg, cost of electricity is 3 cents in the USA as compared to 10 cents in India; and freight cost from Jamshedpur to Mumbai is $50/tonne compared to only $34 from Rotterdam to Mumbai. OPPORTUNITIES 1. The biggest opportunity before Indian steel sector is that there is enormous scope for increasing consumption of steel in almost all sectors in India. 2. Unexplored Rural Market: The Indian rural sector remains fairly unexposed to their multi-faceted use of steel. The rural market was identified as a potential area of significant steel consumption way back in the year 1976 itself. However, forceful steps were not taken to penetrate this segment. Enhancing applications in rural areas assumes a much greater significance now for increasing per capital consumption of steel. The usage of steel in cost effective manner is possible in the area of housing, fencing, structures and other possible applications where steel can substitute other materials which not only could bring about advantages to users but is also desirable for conservation of forest resources. 3. Excellent potential exist for enhancing steel consumption in other sectors such as automobiles, packaging, engineering industries, irrigation and water supply in India. New steel products developed to improve performance simplify manufacturing/installation and reliability is needed to enhance steel consumption in these sectors 4. It is estimated that world steel consumption will double in next 25 years. Quality improvement of Indian steel combined with its low cost advantages will definitely help in substantial gain in export market. 5. The Tata Steel Group is leveraging the Groupââ¬â¢s collective Research and Development experience in the Groupââ¬â¢s various geographies to further enhance the Groupââ¬â¢s performance and also the integration process. 6. Corus acquisition bring in a tremendous technological advantage by access to best practices in global steel industry 7. Global MA brought in following synergies â⬠¢ Greater productivity leading to increased output and market size. â⬠¢ Greater economies of scale leading to cost reduction through combined buying â⬠¢ Cross fertilization of Research and Development capabilities and operational best practices, leading to greater innovation and operational efficiencies. 8. Booming infrastructure has opened up high demand for steel worldwide THREATS 1. In the developed world, industries have been facing rising environmental costs due to the increased concerns on Global Warming. It is, therefore, a challenge and responsibility for the Steel industry to be the trustee in conservation of nature for future generations 2. It is recognised that the steel and aluminium industries are significant contributors to man-made greenhouse gas emissions as the manufacture of steel produces carbon dioxide (CO2), and the manufacture of primary aluminium generates both CO2 and perfluorocarbons (PFCs). 3. High raw material input cost and scarcity of nonrenewable raw materials are a threat to the industry. (eg: Coal, limestone etc) 4. Threat of Substitutes: Plastics and composites pose a threat to Indian steel in one of its biggest markets automotive manufacture. For the automobile industry, the other material at present with the potential to upstage steel is aluminum. However, at present the high cost of electricity for extraction and purification of aluminum in India weighs against viable use of aluminum for the automobile industry. Steel has already been replaced in some large volume applications large diameter water pipes (RCC pipes), small diameter pipes (PVC pipes). Recommendation: I would recommend to Dan DiMicco to acquire Mittal Steel, dominate the domestic market, continue brand marking, all plants should be ISO 9000/14001, continue foreign JVs, innovate backward integration, reduce dependence on acquired scrap steel and iron ore and divest forward integration. Strategy Recommendation: Acquire plants abroad, especially in emerging markets like China. By catching a market share in China or other emerging markets will serve as a basis for growth within these economies as they themselves grow.
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