Should Prostitution Be Legalized - 2106 Words

In the United States, prostitution is outlawed in 49 out of the 50 states. Although many people have debated that prostitution is immoral and life-threatening occupation, the basic assumption that outlawing prostitution is adequate to discourage individuals from trading sex is not well established. In the recent past, the federal government has come up with various interventions on prostitution, majority of which are laws related to sex work. Notwithstanding most Americans according to the fact that the polices against sex work are unbearable and in spite of many calls having been made to adjust the existing prostitution laws, the legislators have been unable to come up with the best way to handle the matter of prostitution. The main†¦show more content†¦Besides, it was also indicated that she was involved in money laundering that was concealed in her prostitution business (Fleiss Hollywood Madam). After she was arrested in 1995, she was jailed for three years. However, her sentence resulted into a huge argumentation about prostitution laws. Particularly, many people believed that the three-year incarceration was a little too heavy. While calls have been for legalization of sex trade in California, they have been hindered by public health concerns of the sex workers. Lamentably though, the federal government and state governments, except for the state of Nevada, are yet to come up any legislative solution on prostitutions. Thus despite these calls and advocacy, sex trade remains a crime in California. With the raising numbers of missing or murdered prostitutes in California, the spread of sexually transmitted diseases, and other damages committed on sex workers, the majority of the opinions have been that there is need for the state of California to act in time and protect prostitutes. Sex work has been depicted as the oldest profession. This means that the exchange of sex for money has been in existence for long, and will continue to be in existence. Thus for the majority of the people, sex works and sex industry is conceived morally wrong and should not be allowed to escalate. In various ways, this has been the idea behind

Financial Analysis Coach Inc. - 1686 Words

Coach Inc. Research Report Weibo Xiong BU.230.620.82 Johns Hopkins University April 25, 2016 COACH.INC ________________________________________ Date: 04/25/2016 Current Price: $40.23 Recommendation: HOLD Ticker - NYSE: COH Headquarters: New York City, NY Target Price: $42.36 USD ________________________________________ Highlights Market Profile We give Coach (COH) a Hold recommendation based on a one-year target price of $42.36, offering 4.6% upside from its closing price of $40.23 on April 25, 2016. Our recommendations are followed by: †¢ Financial Analysis - COACH INC s gross profit margin is decreasing and operating expenses is increasing when compared to the same period years ago. Profitability has decreased. But, COACH INC is extremely liquid. Currently, the Current Ratio (3) shows the company has ability to cover short-term debt. Cash flow is still abundant. But ROE has decline. Overall, the company is facing some financial issues in the brand transition process. †¢ Valuation - Valuation methods indicate a current intrinsic value of $42.36 per share. Based on its business strategy and cash flow structure, we believe there is growth potential in the future. We evaluated Coach’s intrinsic value primarily though a discounted cash flow analysis. †¢ Main Risks– Risks to ourShow MoreRelatedWhy Canada And South America Could Be Viable Places For Business1278 Words   |  6 Pagestargeted towards mixed gender locations. conclusion While Coach, Inc. has managed to capture a large amount of the market by pursuing a broad differentiation strategy and promoting the company as an accessible luxury brand, they still have some areas to improve upon. Appendix A – External Analysis A.1 Porter’s Five Forces Rivals: High: Very strong competitive forces, many options for a consumer to choose from. 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(Coach) inventory system and policy, I identified potential risks that could affect Coach’s productivity and carefully chosen critical extended procedures to detect possible fraud and misstatement. Analysis and overview of potential fraud risks related to Coach Inc. inventory policy. Coach is exposed to (1) employee theft; if proper inventory controls and segregation of duties are not correctly implemented, employees could steal items after delivery to theRead MoreInventory Control at Wheeled Coach Inc.1682 Words   |  7 PagesProfile: Wheeled Coach Wheeled Coach Industries, Incorporated is the largest manufacturer of ambulances and rescue vehicles. The subsidiary of Collins Industries, Inc. was founded in 1975, and is currently based in Winter Park, Florida. 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Introduction to Financial Accounting Increasing Organisation

Question: Describe about the Introduction to Financial Accounting for Increasing Organisation. Answer: Introduction Accounting is one of the very important and critical aspect of every business that is being handled manually as well as using customised application softwares.This report outlines the source document that are required in manual accounting system to record sales, cash receipts, and cash Payments. In present times, the pace of economic transactions are increasing in accounting system, so it becomes difficult to manage all the transactions through manual accounting system. This takes more time and efforts to handle accounting transaction through this system. This report also discusses about the benefit of converting manual accounting system into computerized accounting system. Moreover, computerized accounting system is effective in handling the accounting with more efficiency and accuracy. Further, the report discusses the effectiveness of computerized accounting system which is helpful for business in taking decision and management of business activities successfully. A. Source documents required in manual account ting system to record sales, cash receipt and payment to suppliers: Manual accounting system is defined as method of keeping financial transactions and records of business by recording transactions in a written ledger. Manual accounting system is also explained as cost less accounting system because there is no requirement to incur expenses of computerized software and equipments (Marshal, 2011). However, the accountant has to maintain many documents that are required for recording the transactions of different nature. Sales day book/ Sales Journal: Sales day book is defined as book of original entry in which all transactions related to credit sales are recorded by businessman. The total of amount of sales book is credited to sales account and the account of customers to whom goods are sold (on credit) is debited with the amount outstanding against their particular names. All the entries are made on journal and a sales invoice is sent to each customer every day. The invoice includes details and price of goods sold to each customer. In addition to this, a copy of sales invoice is kept by seller for recording the sales information on sales journal. Cash sales of goods are not recorded in sales journal. There are five columns is sales journal which includes Date, Invoice number, Folio number, Particulars(containing name of customers) and total values of the amount of invoice. There may be column for account receivable, sales and sales tax. All the values in the column of sales book/ journal are totalled at the end of each month. Th e format of sales day book is as follows: Date Invoice No. Particulars Folio No. Invoiced Amount Cash Receipt Journal: Cash receipt journal is prepared to record cash received from sales. In this journal sales made on account and credit sales are not recorded because there is no cash collected on these transactions. This journal may include large number of entries but it totally depends on frequency of received from customers (Gilbertson and Lehman, 2016). The balance of this journal is summarized in an aggregated total amount for posting it into general ledger. In cash receipt journal, the transactions are made both in debit and credit side because there is requirement of accounting transaction to always remain in balance on both sides. The journal includes details like date, customer name, Folio column, cash, discount, sales, debtor and sundry column. Cash Payment Journal: Cash Payment journal is special journal which is used to record all cash payments. This journal does not record credit purchase transactions instead they are recorded in purchase journal. Cash payment against account payable is also recorded in this journal. This journal includes data column, account debited column, Folio column, cash, discount, purchase, creditor and sundry column. The number of column in the journal depends on the nature of business (Klooster, et al., 2014). The discount column in the journal is used to record the purchase discount. The use of cash payment journal makes the accounting system more efficient. This journal has many columns that simplify the recording of routine entries effectively. The source of recording information in this journal is check book of business. B. Computerized accounting system in taking better decisions and managing of business effectively Computerized accounting system involves use of computer and accounting software that effectively helps to record, store and analyze financial data. This system helps in taking business decisions efficiently. Use of computers and software in this system helps to handle large amount of data. Preparation of accounts and records with the help of computer and accounting software brings efficiency and accuracy (Warren, et al., 2015). This helps business to make effective decision and make easier managing of various activities in business. This system provides easy backup and restoration of important information in business whenever it is required to use in business as compared to manual accounting because if once the data is destroyed it cannot be recovered back which can cause a great loss to business. Computerized accounting system also helps business to maintain reliability and accuracy in storing business data. It also effectively helps in getting required amount of information that ensures efficient performance of accounting work. This system avoid duplication of data as it effectively stores the data and information with the use of accounting software that helps to maintain accuracy and authenticity in data. This in turn effectively helps to manage various activities in business and taking business decision efficiently (Yona, 2013).However, manual accounting system may involves duplication of data that effect business decision adversely. This system involves maintaining of accuracy in the stored data that helps business to use error free data in taking decisions effectively. On the other hand, using of computerized accounting system helps business to make auditing of the data electronically that saves time and cost of business that helps to bring efficiency in taking decisions. But manual auditing of each and every data consumes unnecessary time and cost of the business. With the help of software in computerized accounting system data is stored more quickly because it helps business to maintain permanent database of customers and suppliers. These softwares help business in easy retrieval of its customers and suppliers data at the time of receiving cash and making payments. (Griff, 2014) In addition to this, stock records can also be carried out more quickly and effectively than manual processing. This system helps business to carry out each and every activity with more efficiency and effectiveness, that reduces the stress and frustration level of person doing business that helps to take productive decisions for increasing profitability. Computerized accounting system provides the feature of security that saves the data from natural and man-made disaster like earthquake, attacks and fire, which is not possible in manual accounting system. It helps to save time and cost of business in preparing account with the help of accounting software (Lin and Huang, 2011). If there is requirement in business to make decision regarding cash payment, cash receipt and for making further order for stock, this system provides data related to the above requirement in less time because of built in data base. It also helps to make decision whether there is requirement to use external funding to fulfil business needs and how much amount of raw material is required to order from the suppliers. This enables businessman to grow the business and deliver best products and service to customers. Effective recording of suppliers data also helps to make timely payment to creditors, so that they supply raw material on time. Computerized accounting system also helps business to compare current data with the past stored data for making business decision contributing to profitability of business. It also helps business to simplify the business processes cost effectively and easily. This system also helps business to generate comprehensive MIS reports and also ensure business to access required information for making effective decisions. In addition to this, it also involves automatic processing of invoices. This system helps to make accurate calculations that ensure the reliability of financial statement that are proved more helpful in effective decision making (Jerry, et al., 2010). It is effectively helpful in enhancing workflow of financial transactions of business which helps to take better and improved decisions because instead of putting transactions into ledgers manually. This system input the transactions electronically to ensure efficiency in decision making. This system deals in providing error f ree data for successful running of business activities. It effectively provides consolidated information to business to compare current position of business with its benchmarks so that effective decision regarding improvement of performance and profitability can be successfully taken (Hall, 2012). Preparation of reporting is flexible in computerized accounting system. It is capable of generating report as and when required by business for any period of time during the accounting period. This leads to effective handling of cash payment, cash receipt and stock requirements of business (Weygandt, et al., 2010). It is also helpful in adapting to the current and future need of business. These systems reduce the chances of data duplication and prepare effective reports to deal with process of business decision easily. Moreover, it helps business to prepare financial statements independent of producing trial balance. Because this system generate financial statements by direct processing of originally stored data in the system. This leads to effective management of activities in the business. The computerized accounting system ensures better and effective use of time and resources, this leads to bring about efficiency in taking business decisions and preparation of required reports and statements. Debtor analysis is done with the help of this system which indicates the possibilities of debts and its impact on balance sheet effectively. This system also provides fast and accurate retrieval of information for taking business decisions effectively. Accounting software provides faultless and up to date financial information that will effectively helps to take better decisions in future (Gelinas, et al., 2011). This will leads to increase in profitability, efficiency and customer satisfaction. This system helps to generate financial statement automatically at the end of accounting year that makes easier the management of business activities effectively. Conclusion: On the basis of above discussion, it is concluded that managing of manual accounting system is a tedious task. This requires various different source documents to record various transactions of sales, cash receipts and cash payments. This consumes more time, resources and efforts to handle the transactions for preparing business reports and statements. On the other hand, Computerized accounting system helps business to perform accounting activities with more speed and accuracy. It helps to prepare business reports and statements automatically from the stored data in the database. In addition to this, accounting softwares bring efficiency in handling various business activities that helps business to take better decisions effectively. Recommendations: On the basis of the above report, it is recommended that computerized accounting system is more appropriate and efficient system than manual accounting system, to be used by the current business to handle the business activities effectively. This system helps business to get accurate and reliable data with less time and resources. It also helps in automatic generation of financial statements which provides the required data as and when needed to take business decisions efficiently. References Azmat, N., and Lymer, A. (2010) Basic Accounting: The step-by-step course in elementary accountancy. UK: Hachette UK. Gelinas, U., Dull, R., and Wheeler, P. (2011) Accounting Information Systems. 9thedn. US: Cengage Learning. Gilbertson, C., and Lehman, M. (2016) Century 21 Accounting. : General Journal, Copyright Update. 10th edn.US: Cengage Learning. Griff, M. (2014) Professional Accounting Essays and Assignments.US: Lulu Press, Inc. Hall, A.J. (2012) Accounting Information Systems. US: Cengage Learning. Harvey, D., Mclaney, E. ,and Atrill, P. (2013) Accounting for Business. UK: Routledge. Jerry, M., Schildhouse, R., Kieso, D. , and Kimmel, P. (2010) Accounting Principles, Peachtree Complete Accounting Workbook. US: John Wiley Sons. Klooster, D., Allen, W., and Glenn, O. (2014) Integrated Accounting. 8thedn. US: Cengage Learning. Lin, S., and Huang, X. (2011) Advances in Computer Science, Environment, Ecoinformatics, and Education. Germany: Springer Science Business Media. Marshal, P. (2011) Mastering Book-Keeping.UK: Hachette UK. Otley, D. ,and Emmanuel, K. (2013) Accounting for Management Control. 2ndedn. Germany: Springer. Warren, C., Reeve, J. ,and Duchac, J. (2015) Financial Accounting .US: Cengage Learning. Weygandt, J., Kimmel, P. ,and Kieso, D. (2010) Accounting Principles. 10thedn. US: John Wiley Sons. Yona, L. (2013) Financial Accounting. US: AuthorHouse.

Maruti Suzuki Essay Sample free essay sample

1981- MARUTI UDYOG LTD was incorporated on under the INDIAN COMPANIES ACT. 1956. 1982- License and Joint Venture understanding signed between Maruti Udyog Ltd. A ; Suzuki Motor Corporation Japan ( SMC ) . 1987- First batch of 500 autos exported to Hungary1992- SMC increases its interest in Maruti to 50 per centum.2002- Maruti Finance in Mumbai with 10 Finance companies is Introduced. Children’s park inaugurated in Delhi. SMC acquires bulk interest in MUL ( increases to 54. 2 % ) . 2003- IPO ( JUNE- ISSUE oversubscribed 11. 2 times ) Maruti gets listed on BSE and NSE- July.2006- New auto works and the Diesel engine installation commences operations during 2006-2007 at Manesar. Haryana.In November Maruti inaugurated a new Institute of Driving Training and Research ( IDTR ) set up as a collaborative undertaking with Delhi Government at Sarai Kale Khan in South Delhi. 2007- Board of Directors gave blessing to new name MUL to go Maruti Suzuki India Limited.Corporate Social Responsibility: adopts three small towns in Manesar 2008- M-800 crosses 25 lakh grade. We will write a custom essay sample on Maruti Suzuki Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page MSIL celebrates its Silver Jubilee.MSIL launches National Road Safety Program.2009- A-STAR or Suzuki Alto debuts at Geneva Motor Show gross revenues begins.Capacity to fabricate expanded from 800. 000 to a million Units ( Gurgaon plus Manesar workss ) yearly.2010- Launched Alto K10.2012- Maruti Ertiga. seven seater MPV R3 designed and developed in India. will vie with Toyota Innova. Mahindra Xylo. and Tata Sumo Grande. In early 2012. Suzuki Ertiga will be exported foremost to Indonesia in Completely Knock Down auto. 2014- Maruti XA Alpha will be launched Company PROFILEMaruti Udyog Ltd. ( MUL ) is the first car company in the universe to be honored with an ISO 9000:2000 certification. The company has a joint venture with Suzuki Motor Corporation of Japan. It is said that the company takes merely 14 hours to do a auto. Few of the popular theoretical accounts of MUL are Alto. Baleno. Swift. Wagon-R and Zen. Maruti Udyog Limited ( MUL ) . established in 1981. had a premier aim to run into the turning demand of a personal manner of conveyance. which is caused due to miss of efficient public conveyance system. The incorporation of the company was through an Act of Parliament. Suzuki Motor Company of Japan was chosen from seven other prospective spouses worldwide. Suzuki was due non merely to its unchallenged leading in little autos but besides to committednesss to actively convey to MUL modern-day engineering and Nipponese direction patterns ( that had catapulted Japan over USA to the position of the top car fabricating state in the universe ) . at Maruti Udyog Ltd. A licence and a Joint Venture understanding were signed between Government of India and Suzuki Motor Company ( now Suzuki Motor Corporation of Japan ) in Oct 1982. The aims of MUL. so are as cited below: * Modernization of the Indian Automobile Industry.* Production of fuel-efficient vehicles to conserve scarce resources. * Production of big figure of motor vehicles which was necessary for economic growing. In 2001. MUL became one of the first car companies. globally. to be honoured with an ISO 9000:2000 certification. The production/ R A ; D is spread across 297 estates with 3 fully-integrated production installations. The MUL works has already rolled out 4. 3 million vehicles. The fact says that. on an mean two vehicles roll out of the mill in every individual minute. The company takes about 14 hours to do a auto. N [ edit ] at merely this. with scope of 11 theoretical accounts in 50 discrepancies. Maruti Suzuki fits every car-buyer’s budget and any dream. Maruti Suzuki is one of India’s taking car makers and the market leader in the auto section. both in footings of volume of vehicles sold and gross earned. Until late. 18. 28 % of the company was owned by the Indian authorities. and 54. 2 % by Suzuki of Japan. The Indian authorities held an initial public offering of 25 % of the company in June 2003. As of May 10. 2007. Govt. of India sold its complete portion Indian fiscal establishments. With this. Govt. of India no longer has interest in Maruti Udyog. Maruti Udyog Limited ( MUL ) was established in February 1981. though the existent production commenced in 1983 with the Maruti 800. based on the Suzuki Alto kei auto which at the clip was the lone modern auto available in India. its’ merely competitors- the Hindustan Ambassador and Premier Padmini were both around 25 old ages out of day of the month at that point. Through 2004. Maruti has produced over 5 Million vehicles. Marutis are sold in India and assorted several other states. depending upon export orders. Cars similar to Marutis ( but non manufactured by Maruti Udyog ) are sold by Suzuki and manufactured in Pakistan and other South Asiatic states. The company yearly exports more than 50. 000 autos and has an highly big domest ic market in India merchandising over 730. 000 autos yearly. Maruti 800. boulder clay 2004. was the India’s largest selling compact auto of all time since it was launched in 1983. More than a million units of this auto have been sold worldwide so far. Currently. Maruti Alto tops the gross revenues charts and Maruti Swift is the largest merchandising in A2 section. Due to the big figure of Maruti 800s sold in the Indian market. the term â€Å"Maruti† is normally used to mention to this compact auto theoretical account. Till late the term â€Å"Maruti† . in popular Indian civilization. was associated to the Maruti 800 theoretical account. Maruti Suzuki India Limited. a subordinate of Suzuki Motor Corporation of Japan. has been the leader of the Indian auto market for over two decennaries. It’s fabrication installations are located at two installations Gurgaon and Manesar South of New Delhi. Maruti’s Gurgaon installation has an installed capacity of 350. 000 units per annum. The Manesar installations. launched in February 2007 comprise a vehicle assembly works with a capacity of 100. 000 units per twelvemonth and a Diesel Engine works with an one-year capacity of 100. 000 engines and transmittals. Manesar and Gurgaon installations have a combined capableness to bring forth over 700. 000 units yearly. More than half the autos sold in India are Maruti autos. The company is a subordinate of Suzuki Motor Corporation. Japan. which owns 54. 2 per cent of Maruti. The remainder is owned by the populace and fiscal establishments. It is listed on the Bombay Stock Exchange and National Stock Exchange in India. During 2007-08. Maruti Suzuki sold 764. 842 autos. of which 53. 024 were exported. In all. over six million Maruti autos are on Indian roads since the first auto was rolled out on December 14. 1983. Maruti Suzuki offers 12 theoretical accounts. Maruti 800. Omni. Alto. Versa. Gypsy. A Star. Wagon R. Zen Estilo. Swift. Swift Dzire. SX4. Grand Vitara. Swift. Swift dzire. A star and SX4 are maufactured in Manesar. Grand Vitara is imported from Japan as a wholly built unit ( CBU ) . staying all theoretical accounts are manufactured in Maruti Suzuki’s Gurgaon Plant. Suzuki Motor Corporation. the parent company. is a planetary leader in mini and compact autos for three decennaries. Suzuki’s proficient high quality lies in its ability to pack power and public presentation into a compact. lightweight engine that is clean and fuel efficient. Maruti is clearly an â€Å"employer of choice† for automotive applied scientists and immature directors from across the state. About 75. 000 people are employed straight by Maruti and its spouses. The company vouches for client satisfaction. For its sincere attempts it has been rated ( by clients ) foremost in client satisfaction among all auto shapers in India for nine old ages in a row in one-year study by J D Power Asia Pacific. Maruti Suzuki was born as a authorities company. with Suzuki as a minor spouse to do a people’s auto for in-between category India. Over the old ages. the merchandise scope has widened. ownership has changed custodies and the client has evolved. What remains uncha nged. so and now. is Maruti’s mission to mechanize India. Faculty 2: Strategy Formulation Vision:Visions of any company are those values on which company works. As the MUL is started by Governmental enterprises it tends to be more consumer oriented and therefore cost effectual. but on the other manus Suzuki’s engagement ensures non merely demand of the net income. but of the demand of maximal net income. The lone manner for this Nora’s quandary of choosing principals for company’s working vision. was to maximise net income and cut downing cost by maximising end product and gross revenues. Hence MUL declared its Vision as- â€Å"The Leader in the Indian Automobile Industry. Making Customer Delight1 and Shareholder’s Wealth2 ; finally go a pride of India† Customer Delight1 is doing certain that public presentation. after gross revenues service and client support are best and beyond outlook. Shareholder’s wealth2 is the premier concern for running concern swimmingly. MUL knows this and understands â€Å"customer is king† . Mis sion: Mission is the statement of an organization’s intent. what it want to carry through in the larger environment and its ends which are specific. realistic and actuating. Missions are described over visions and visions demand certain aims. The chief objectives/Missions of MUL are: – Modernization of the Indian Automobile Industry. – Developing autos faster and selling them for less.– Production of fuel-efficient vehicles to conserve scarce resources. -Production of big figure of motor vehicles which was necessary for economic growing. -Market Penetration. Market Development Similarly Product Development and Diversification. – Partner relationship direction. Value concatenation. Value bringing web. Car INDUSTRY IN INDIA:* 11 million vehicles/year* 1. 5 million- export* Two Wheelers ( 75 % )* Passenger Cars- 16 %* Commercial vehicles ( 9 % )* US $ 35 billion SWOT Analysis:Strengths:* Strong Network* Presence* Brand Image* Knowledge of the market* Strong PartnershipFailing:* Relatively new in the Diesel auto section* Image stuck on little autos* Heavy import duties on imported theoretical accounts* Government administrative officials have made MUL unaccustomed to international criterions or acute rivals Opportunities:* High terminal auto section* Overseas market* Improve handling* Add excess characteristics to little section autos* Attracting young person* Export little autosMenaces:* Global participants* Worker’s work stoppages* High competition Faculty 3: Analysis of Company’s External Environment Porter’s Five Force Model * Menace from the new participants: Increasing * Most of the major planetary participants are present in the Indian market ; few more are expected to come in.* Financial strength assumes importance as high are required for edifice capacity and keeping adequateness of working capital. * Rivalry within the industry: High* There is acute competition in choice sections. ( compact and mid size sections ) . * New transnational participants may come in the market. * Market strength of providers: Low* A big figure of automotive constituents providers* Automotive participants are apologizing their seller base to accomplish consistence in quality * Market strength of consumers: Increasing* Increased consciousness among consumers has increased outlooks. Thus the ability to introduce is critical * Product distinction via new characteristics. improved public presentation and after-sales support is critical * Increased competitory strength has limited the pricing power of makers Threat from replacements: Low to medium * Consumer penchant is altering ( Mini autos are being replaced by compact or mid sized autos ) * Puting up incorporate fabrication installations may necessitate higher capital investings than set uping assembly installations * India is besides likely to progressively function as the sourcing base for planetary automotive companies. and automotive exports are likely to derive increasing importance over the average term * competition is likely to escalate in the SUV section in India following the launch of new theoretical accounts at competitory monetary values Faculty 4: Analysis of Company’s Resources and Competitive Position External environment: PESTELPolitical environment:The policies A ; aims laid down by the Indian Government sing the car sector are: * Exalt the sector as a lever of industrial growing and employment and to accomplish a high grade of value add-on in the state * Promote a globally competitory automotive industry and emerge as a planetary beginning for car constituents * Establish an international hub for fabricating little. low-cost rider autos and a cardinal centre for fabricating Tractors and Two-wheelers in the universe * Ensure a balanced passage to open trade at a minimum hazard to the Indian economic system and local industry. Economic environment: * Gross saless of Passenger auto has been increased to 8. 45 % per twelvemonth. * Maruti now plans to tap the rural market. 60 per cent of which runs on hard currency. * Maruti has appointed 2. 000 gross revenues executives to aim clients in the rural countries. * The fabrication sector has grown at 8– 10 per cent per annum in the last few old ages. * More than 70 per cent of the VEHICLES purchase is on recognition. * Finance handiness to CV purchasers has grown in range during the last few old ages. Social environment: * Welfare Camps* Medical support A ; public assistance* Education to underprivileged* Road Safety* Maruti Driving Schools* Adopting energy salvaging engineerings* Reducing H2O wastage* Green GrowthTechnological environment:* Launched CNG kit for Alto. its highest selling little auto. * The company as a proactive move is all set to do its full fleet of autos adhere to ‘end of life vehicles’ ( ELV ) . * The company is involved with the development of little and fuel-efficient auto engines. * In future. the company has high programs to increase the engine development work in India along with other R A ; D operations * The company uses following coevals KB series Engine in its new Hatchback auto A-star. * The company added Virtual Design Review to its R A ; D activity to enable practical proof to cut down rhythm clip and development cost. * In the field of alternate fuel engineering. the company developed LPG/CNG/HYBRID system for MPI engine. Ecological environment: Practicing 3 Roentgen* 3R- cut down. reuse. and recycle.* Continuous procedure of advancing 100 % reclaimable and reclaimable auto parts. * Targets cut downing fresh H2O ingestion and implement rain H2O reaping. * Physical infra construction such as roads and Bridgess affect the usage of cars. If there is good handiness of roads or the roads are smooth With the development or development of alternate fuels. intercrossed autos have made entry into the market. Legal environment: * Follows highest criterions of Corporate Governance* Customer can reach the Secretarial A ; Legal Department for any questions/clarifications. * Legal conformity coverageThe board sporadically reviews studies of conformity with all Torahs applicable to the Company. every bit good as stairss taken by the Company to rectify cases of non-compliances. * The Company has developed comprehensive legal conformity programming and direction package by which specific conformity undertakings are assigned to each person. The package enables in planning and supervising all conformity activities across the Company. Latest Plan:Fourth assembly works will be scaled up to bring forth 3. 00. 000 autos a twelvemonth by 2020. PRESENT SUPERSTAR Suzuki Cervo athletics a Suzuki 660cc engine – as against Nano’s 623cc – and have on a ticket of around Rs 1. 5 hundred thousand on route. And 2nd auto is KIZASHI which is 1700cc with 18 hundred thousand. Faculty 5: Scheme and Competitive AdvantageCar Models:Maruti 800 ( 1984 ) Omni Itinerant Joint venture related issues Relationship between the Government of India. under the United Front ( India ) alliance and Suzuki Motor Corporation over the joint venture was a point of het argument in the Indian media boulder clay Suzuki Motor Corporation gained the commanding interest. This extremely profitable joint venture that had a close monopolistic trade in the Indian car market and the nature of the partnership built up boulder clay so was the implicit in ground for most issues. The success of the joint venture led Suzuki to increase its equity from 26 % to 40 % in 1987. and farther to 50 % in 1992. In 1982 both the venture spouses had entered into an understanding to put up their campaigner for the station of Managing Director and every Managing Director will hold a term of office of five old ages [ R. C. Bhargava was the initial pull offing manager of the company since the origin of the joint venture. Till today he is regarded as instrumental for the success of Maruti Suzuki. Joining in 1982 he held sev eral cardinal places in the company before heading the company as Managing Director. Currently he is on the Board of Directors. After finishing his five twelvemonth term of office. Mr. Bhargava subsequently assumed the office of Part-Time Chairman. The Government nominated Mr. S. S. L. N. Bhaskarudu as the Managing Director on 27 August 1997. Mr. Bhaskarudu had joined Maruti Suzuki in 1983 after passing 21 old ages in the Public sector set abouting Bharat Heavy Electricals Limited as General Manager. In 1987 he was promoted as Chief General Manager. In 1988 he was named Director. Productions and Projects. The following twelvemonth ( 1989 ) he was named Director of Materials and in 1993 he became Joint Managing Director. Suzuki Motor Corporation didn’t attend the Annual General Meeting of the Board with the ground of it being called on a short notice. Later Suzuki Motor Corporation went on record to province that Bhaskarudu was â€Å"incompetent† and wanted person else. However. the Ministry of Industries. Government of India refuted the charges. Media stated from the Maruti Suzuki beginnings that Bhaskarudu was interested to indigenise most of constituents for the theoretical accounts including gear boxes particul arly for Maruti 800. Suzuki besides felt that Bhaskarudu was a placeholder for the Government and would non allow it increase its interest in the venture. [ If Maruti Suzuki would hold been able to indigenise cogwheel boxes so Maruti Suzuki would hold been able to fabricate all the theoretical accounts without the proficient aid from Suzuki. Till today the issue of localisation of gear boxes is highlighted in the imperativeness. The dealingss strained when Suzuki Motor Corporation moved to Delhi High Court to convey a stay order against Bhaskarudu’s assignment. The issue was resolved in an out-of-court colony and both the parties agreed that R S S L N Bhaskarudu would function up to 31 December 1999. and from 1 January 2000. Jagdish Khattar. Executive Director of Maruti Udyog Limited would presume charges as the Managing Director. [ 14 ] Many politicians stated in parliament that the Suzuki Motor Corporation is unwilling to place fabrication and cut down imports. As of 2011 Gear boxes are still im ported from Japan and are assembled at the Gurgaon installation. Industrial dealingssFor most of its history. Maruti Udyog Limited had comparatively few jobs with its labour force. Its accent of a Nipponese work civilization and the modern fabrication procedure. foremost instituted in Japan in the seventiess. was accepted by the work force of the company without any trouble. But with the alteration in direction in 1997. when it became preponderantly authorities controlled for a piece. and the struggle between the United Front Government and Suzuki may hold been the cause of agitation among employees. A major row broke out in September 2000 when employees of Maruti Udyog Ltd ( MUL ) went on an indefinite work stoppage. demanding among other things. alteration of the inducement strategy offered and execution of a pension strategy. Employees struck work for six hours in October 2000. irked over the suspension of nine employees. traveling on a six-hour tools-down work stoppage at its Gurgaon works. demanding alteration of the incentive-linked wage and threatened to fast to decease if the suspended employees were non reinstated. About this clip. the NDA authorities. following a disinvestments policy. proposed to sell portion of its interest in Maruti Suzuki in a public offering. The Staff brotherhood opposed this sell-off program on the evidences that the company will lose a major concern advantage of being subsidised by the Government. The draw with the direction continued to December with a proposal by the direction to stop the two-month long agitation rejected with a demand for reinstatement of 92 discharged workers. with four MUL employees traveling on a fast-unto-death. In December the company’s stockholders met in New Delhi in an AGM that lasted 30 proceedingss. At the same clip around 1500 works workers from the MUL’s Gurgaon installation were fomenting outside the company’s corporate office demanding beginning of production linked inducements. a better pension strategy and other benefits. The direction has refused to go through on the benefits mentioning increased competition and lower borders. Generic Schemes:* Overall cost leading* Low-cost-position relation to a firm’s equals * Manage relationships throughout the full value concatenation* Differentiation* Create merchandises and/or services that are alone and valued* Non-price properties for which clients will pay a premium* Focus scheme* Narrow merchandise lines. purchaser sections. or targeted geographic markets* Attain advantages either through distinction or cost leading The Marketing Mix 1. Merchandise2. Monetary value3. Topographic point4. Promotion There you have it. the 4 selling p’s So now lets acquire a spot more account of the 4 selling p’s: 1. Merchandise – The merchandise facets of marketing trade with the specifications of the existent goods or services. plus how it relates to the terminal users demands and wants. The scope of a merchandise usually includes back uping elements such as guarantees. warrants. and support. The term â€Å"product† refers to tangible. physical merchandises every bit good as services. Here are some illustrations of the merchandise determinations to be made: * Brand Name* Functionality* Styling* Quality* Safety* Packaging* Repairs and Support* Warranty* Accessories and services* Models and sizes 2. Price -This refers to the procedure of puting a monetary value for a merchandise. together with price reductions. The monetary value need non be pecuniary ; it can obviously be what is exchanged for the merchandise or services. e. g. clip. energy. or attending. Methods of puting monetary values optimally are in the sphere of pricing art. Some illustration of pricing determinations to be made include: * Pricing scheme ( skim. incursion. etc. )* Suggested retail monetary value* Volume price reductions and sweeping pricing* Cash and early payment price reductions* Seasonal pricing* Bundling* Price flexibleness* Price favoritism* Allowances and trades* Discount construction* Distribution and retailer mark-ups 3. Topographic point – ( or distribution ) : refers to how the merchandise gets to the purchaser ; for case. point-of-sale assignment or retailing. This 3rd P has moreover at times been called Place. mentioning to the channel by which a merchandise or service is sold ( e. g. online vs. retail ) . which geographic part or industry. to which division ( immature grownups. households. concern citizens ) . etc. besides mentioning to how the milieus in which the merchandise is sold in can act upon gross revenues. * Distribution channels* Market coverage ( inclusive. selective. or sole distribution )* Specific channel members* Inventory direction* Warehousing* Distribution centres* Order processing* Transportation system* Reverse logistics* Outlet location* Gross saless districts 4. Promotion – This includes advertisement. gross revenues publicity. including promotional instruction. promotion. and single merchandising. Branding refers to the miscellaneous schemes of advancing the merchandise. trade name. or company. * Promotional scheme ( push. pull. etc )* Ad* Personal merchandising A ; gross revenues force* Gross saless publicities* Public dealingss A ; promotion* Marketing communications budget All the 4 selling p’s are besides known as â€Å"the selling mix† furthermore are often used by a seller to plot a program. and put the foundations of fresh projects/campaigns. it is a amazingly utile scheme that has been used of all time since the early 1960’s. and will be changeless for every bit long as new-found projects/campaigns are being produced Faculty 6: Formulating long term and expansive schemesSelling STRATEGY OF MUL * Maruti was the first company in India which studied the consumer demand and responded to it good. * Market cleavage policy was adopted that targeted different type of consumers with different type of theoretical accounts. * Maruti800targeted average income group. while the gilded theoretical account targeted rich income group. * Maruti new wave targeted business communities and physicians ( ambulance ) * The Gypsy targeted the paramilitary forces and the constabulary. * This resulted in complete control of maruti over the market. * The company advertised its different merchandises harmonizing to costumiers. * A particular cell was made to do direct dealing of Gypsy with the authorities A ; the ground forces. Current and Future Market Schemes * Design little autos suited for the Indian conditions as a scheme to crush the stiff competition with the entry of planetary car shapers. * Company would capitalize on Suzuki’s research and development capablenesss and internal resources to finance its enlargement. thereby buffering itself from the higher involvement rates and adoption costs and go cost competitory. * Company’s program to remain off from the extremist low-priced section. * Maruti Suzuki is looking to do India an sole base to fabricate little autos for Europe. Competitive Advantage of MUL * Dealer web across the state broad franchise web allows the company to service clients over a broad geographical country than rivals. Currently. MUL has 500 gross revenues mercantile establishments that cover 312 metropoliss. as compared to 162 mercantile establishments of Hyundai Motors and 140 mercantile establishments of Tata Motors. * True Value Operations MUL supplying its clients an chance to resale their auto to MUL or exchange with a new Maruti auto under its â€Å"True Value† web has proven truly good. In FY07 True Value web touched 10000 units a month and more than 90 % of that resulted in the exchange of a new auto. * Presence across sections In a auto fabrication works. the imperativeness store. pigment store. engine and transmittal assembly. and machine store are used for fabricating different theoretical accounts. * Commonality of platforms-Commonality between the platforms of assorted theoretical accounts lead to lower merchandise development attempts and higher benefits of economic systems of graduated table. uses merely two platforms. Strong support in R A ; D and Product from parent -MUL’s strength lies in the strong parenthood of SMC. Japan. Maruti Suzuki’s Key Success Factors * Technology-Related KSF’s * 1. R A ; D installations and Nipponese coaction. * 2. Suzuki internationally known for Small autos. * 3. Launch of World category quality autos like A-STAR and SPLASH * Manufacturing-Related KSF’s * Designing autos best suited for Indian market. * Cost leading in the market due to efficient value concatenation and fabrication workss. * Distribution-Related KSF’s * The record gross revenues public presentation was affected through the Company’s huge franchise web. * Car gross revenues mercantile establishment increased to 600 covering 393 metropoliss. * There are 265 ‘Maruti True Value’ mercantile establishments spread across 166 metropoliss. which are engaged in the sale. purchase and exchange of pre-owned autos. ‘Maruti True Value’ is the largest organized pre-owned auto gross revenues web in India. * Marketing-Related KSF’s * Full scope of cars-from entry degree Maruti 800 A ; Alto to stylish hatchback A-star. Swift. Wagon R. Estill and saloons DZire. SX4 and Sports Utility vehicle GrandVitara. * Communication through advertizement is wholly to the demand of Indian civilization * Pan-India service web. * Skills and Capability-The service web had a sum of 2. 628 service mercantile establishments including trader workshop every bit good as Maruti Authorized Service Stations. covering 1220 metropoliss. Faculty 7: Strategy Execution Competitive Schemes of a market leader:In an attempt to counter competition from local and foreign participants. Maruti started reconstituting its operations. The uninterrupted diminution in market portion and gross revenues forced the company to rethink its scheme and explicate a new competitory scheme. Maruti upgraded its fabrication installations to run into the foreign challenge with its claims of high-end engineering. It broadened its merchandise portfolio and expanded its gross revenues and service web to make all over India. Within a twelvemonth of its launch of its Challenge 50 program. Maruti’s reconstituting attempts started reflecting in its fiscal public presentation. In the fiscal twelvemonth 2003-04. Maruti reported a 25. 2 percent addition in net gross revenues to Rs 90. 81 billion as compared to Rs 72. 53 billion in the predating financial twelvemonth. The net net income of the company for 2003-04 besides increased from Rs 1. 46 billion in financial 2002-03 to Rs 5. 42 billion in financial 2003-04. The company was able to increase its net net income equitation on the high gross revenues growing of Alto. which increased by over 130 per cent in financial 2003-04 as compared to financial 2002-03. Corporate Administration:In India. ‘Corporate Governance’ criterions for listed companies are stipulated by Securities and Exchange Board of India ( SEBI ) through a particular provision- Clause 49 of the Listing Agreement. As a witting and argus-eyed organisation. Maruti Suzuki had initiated good ‘Corporate Governance’ patterns even before Clause 49 became applicable and these patterns form an built-in portion of the company’s administration civilization. The Company strives to further a corporate civilization in which high criterions of ethical behaviour. single answerability and crystalline revelation are ingrained in all its concern traffics and shared by its Board of Directors. Management and Employees. The Company has established systems A ; processs to guarantee that its Board of Directors is intelligent and well-equipped to carry through its overall duties and to supply the direction strategic way it needs to make long-run stockholder value. On its Board. the Company has four non-Executive- Independent Directors of high stature from varied backgrounds. who bring with them rich experience and high ethical criterions. In recent old ages. the Company has evolved a Control Self Assessment mechanism to measure the effectivity of internal controls over fiscal coverage. Key internal controls over fiscal coverage were identified and put to self assessment by control proprietors in the signifier of Self Assessment Questionnaires through a web based onlinetoolcalled†ControlManagers† . . With the successful execution of the online Controls Self Assessment model. the Company has become one of the few companies in India to hold a transparent model for measuring the effectivity of internal controls over fiscal coverage. The enterprise farther reinforces the committedness of the Company to follow best corporate administration patterns. Corporate Social ResponsibilityMaruti Suzuki has adopted a CSR policy. which serves as a guiding tool for the direction and the employees in maneuvering Maruti Suzuki towards long term sustained growing in harmoniousness along with the involvements of the stakeholder. The function of the CSR section is to professionalise CSR activities in Maruti Suzuki and beef up the mechanisms affecting the activities. Significant attempts have been taken to lend to society at big. through its corporate activities. particularly in the countries of Road Safety and Vocational Training. Maruti Suzuki has set up dedicated squads with needed expertness to maneuver the societal undertakings. CSR Policy: â€Å"While working to heighten stockholder wealth. Maruti Suzuki will on a regular basis prosecute with all stakeholders to measure their demands and through its merchandises. services. behavior and direction enterprises. advance their sustained growing and good – being† Policy Guidelines|Company will follow responsible concern patterns in all its maps and operations and will endeavor to implement them at its| | providers. traders and other concern spouses.Company will go on to stay in front of jurisprudence in chase of environment protection and energy preservation at its manufacturing| installations. and in development of merchandises that use fewer natural resources and are environment friendly. Company will be profoundly committed towards the public assistance of its employees. their households and communities around its operations to better quality of life as a whole. Company will develop merchandises and services that fulfills the aspirations of clients. construct a strong and permanent bond with them. proactively back up them during natural catastrophes. delight them with after gross revenues services and handiness of spares. Company will go on to supply technological and managerial support to its providers and traders to foster their profitable and| | sustainable growing. As an look of thanks to the local community and the people of the state Company will set about enterprises that might non be straight linked to its concern.Company will spouse with authorities. NGOs. concern spouses to lend positively towards economic and human| | development of the society particularly underprivileged people. Company will promote and acknowledge its employees for volunteering in the community in the spirit of functioning and sharing their| | expertness and accomplishments. Company will endeavor to invariably construct organisational capablenesss. like any other competence. place suited people and have a| | proper organisational construction to guarantee execution of CSR policy. guidelines and plans. | | Company will prosecute with reputed external bureaus for audit of its CSR activities for the intent of placing countries of| | betterment. genuineness of informations and coverage. | Company will supervise the advancement on assorted CSR plans in a structured mode. document the public presentation against the set| | marks and print a study every twelvemonth on its CSR public presentation and portion with its cardinal stakeholders. Faculty 8: Strategic Review and Audit: Stake Holders:* Employees and their households* Customers and their households* Stockholders and investors.* Dealers Suppliers and other Business spouses.* Local community and society* Environment and regulative governments Operations direction at maruti Suzuki: Maruti Udyog Ltd ( Maruti ) . a joint venture between Suzuki Motors of Japan ( eleventh largest vehicle maker in the universe and the 4th largest maker in Japan ) and the Indian authorities. is the leader in India’s car market. Maruti has the widest merchandise scope among Indian auto makers. with 10 basic theoretical accounts and more than 50 discrepancies. In 2003. Maruti produced 359. 960 vehicles. operating at a capacity use of 103 % . against the industry norm of 57. 8 % . Even though Maruti is good in front of its other challengers. its market portion has been worsening. As competition intensifies. Maruti has realised the importance of acquiring closer to its clients. The company has launched assorted enterprises to better client service. Maruti has improved its operational efficiency by increasing productiveness. cutting costs and establishing new merchandises. By its quality enterprises. Maruti has reduced its defects per vehicle significantly.

Colors in Great Gatsby essays

Colors in Great Gatsby essays THE COLORS IN THE GREAT GATSBY In F. Scott Fitzgeralds The Great Gatsby, the author uses colors to symbolize various scenes and the moods of different characters. Each of the colors has a specific meaning, and the author does an excellent job in assigning these colors to specific characters and situations. The author uses the color green most often, and in most cases it symbolizes feelings related to loneliness and jealousy. In addition to the color green, the author also uses the color white to signify wealth, and the color yellow to relate to aging and decaying. The color gold relates to money and power, and the color black represents negativity. Almost all the chapters include the color green, and green does not always symbolize the same thing. It relates to many different relations, such as loneliness, envy, anger, and death. In the beginning of the book, we first notice green as the color of the light in front of Daisys house. Since her house is across the bay from Gatsbys house, he can see and feel her presence. The green light in Gatsbys house also symbolizes loneliness because it is turned on while the Saturday parties are held, but when Daisy starts visiting him, the green light disappears because Gatsby is no longer lonely. Green also stands for envy. Gatsby is a dominant figure in this book, and the fact that he obtains his wealth at such a young age makes many jealous of him. As Nick describes his car, It was a rich cream color, bright with nickel, swollen here and there in its monstrous length (65). We notice that he envies him for not having that sort of luxurious car, and the green leather interior symbolizes t his envy. Tom is also jealous of Gatsby. He shows his jealousy by driving Gatsbys car because it is better than his own. Another sign of Toms jealousy is the green mint julep that they drink in the Plaza ...

How to Keep Your Dreams and Your Day Job

How to Keep Your Dreams and Your Day Job Kelsey Murphy from the Muse has advice for aspiring globe-trotters and self-re-inventors; she knows from experience the joys and perils of quitting her day job and hopping on a plane to explore a new career while traveling the world. One day,  she realized moving to London on a whim wasn’t necessary- there were plenty of opportunities to explore the greener grass much closer to home.   Embrace the Learning CurveFor every new job or challenge I’ve had, there’s been a moment about a week or a month in where I wanted to quit, where the things that stressed me out far overshadowed the things I enjoyed. I was convinced I wasn’t meant to be an editor, a teaching assistant, a writer, a dog-owner, or even a New Yorker.But in the beginning, nobody’s an expert or a pro, and even if you’re a wunderkind you’ve got plenty to learn on the job. Be willing to screw up, apologize, and learn a new way to do things. The learning curve is even easier to swallow if it’s not a full-time experience- use the security of gainful employment to explore something you’ve always wanted to do on the side in the evenings or on weekends. Don’t let fear of failing keep you from dabbling.  Harness the 15-Minute IntentionIf you’re getting swept up in the demands of the minute-to-minute, take some time  to refocus on the big picture to-dos. What are you prioritizing? What gets knocked off course by errands or someone else’s urgency?Try to set aside 15 minutes a day to check in with something important to you, outside your daily grind. Maybe you add it on in the morning, or partition your lunch hour, or have a few quiet minutes right when you get home. There are plenty of productivity apps that can help you mark off the time.  Find a Mentor (A Small One!)The idea of forging a mentor/mentee relationship from scratch is daunting; I can’t even watch the Karate Kid without my intimacy issues flaring up. But, what Murphy calls a â€Å"mini-mentor† can be someone to help you in a small way, with one specific area of your life.Find one thing you’d like to learn in service of your larger interests, and the right person to ask. It may develop into a larger relationship, or it may conclude with one simple interaction, but either way you’re better off for having sought and accepted help. Plus if you do decide to throw caution to the wind and quit job A in pursuit of passion B, you’ll have at least one potential networking connection!

Business strategy Essay Example | Topics and Well Written Essays - 2000 words - 1

Business strategy - Essay Example To start with, political and legal factors such as government instability, taxation law, legislation law, employment law, safety regulation, and foreign policy regulation. It is already been observed that future political decisions, such as alteration to taxes, will affects the trade of these retail businesses. As this is not enough, the retailers have found themselves following safety regulation policies (Carpenter, 2011:74). The report released by Reuters Business Insight shows that retail businesses continue to grow, but economic challenges seem to heighten up. The records on inflation rates, unemployment ratios, collapse of the global economy have characterized the industry. The Reuters have narrowed this trend as resulting in worldwide change in trade economies. The same conclusions carry the load of blame for the resultant changes in the retail industry. Notably, the financial instability affected sales of expensive product and consumer spending rate cut down. During recession, according to Euro monitor Market Research, inflation is inevitable hence affecting the trend in market prices of goods (Amato and Amato, 2012:436). Social factors still pose as a challenge to the Trade Industry. According to Reuters Business Insight, population statistics, lifestyle changes, consumer trends, and income distribution ratings have all influenced the Retail Industry. Even though the inclusion of technology comes as a boost in Today’s world, it has influenced the modalities of Retail Industry. The speed of technology, use of the internet, and innovation of new technologies in everyday business world create a challenge to the Retail Business. This has affected the supply chain since the promotion, and supply chain management links innovative come too quick to some retailers. Majority of them though offer their products through online (Newman & Cullen, 2002:120) Moreover, environmental factors hamper the development of these Retail Industries. Through company repor ts, the issues related to sustainability, environmental protections, desertification, and recycling impede their progress. Competitive Environment The internal competition in the retail industry is inevitable given the existing market and foreseeable innovations. The diversification of the market has rendered it so competitive, and this has seen the installed independent retailers overpowered by the continual rise of chain stores. In order to reach a wide variety of customers, the retailers have resulted in stocking large in these chain stores. This creates a barrier for the beginners. The industry is mature enough in terms of the industry life cycle making it impossible for fresh entrance to survive with the already existing stores. In addition, the power of suppliers has created a relevant competition, especially the bargaining power between retailers and suppliers on prices and supply. The probability of existing retailers taking more from existing and new suppliers is much possi ble as you compare this with any new vendor. Suppliers can easily establish links with existing product manufactures leaving an open chance to the power of buyers on the same product. Because of available alternatives, the buyer is able to go for the best available alternative. This results from standardization and undifferentiated products in the markets leading to lowering of products (LOUIS and Christie, 2012:438). Substitution of product is another way through which competition has entered

Emerging Market Coursework Example | Topics and Well Written Essays - 2000 words

Emerging Market - Coursework Example This has lead innovation in the variety ways of availing resources to the customers through advertisement. In addition, businesses around the world are experiencing changes due to increasing number of emerging markets and there is also stiff competition in those emerging markets. Furthermore, the innovation of new ways of marketing with the use of high-tech machines and information technology (IT) has made the world a global village. This paper will focus on emerging markets in China. China has been considered by most businesses to be hard to achieve the best marketing strategies. This is because companies in China have grown for decades adopting sophisticated ways in their business performance. This has posed challenges to any company wanting to tap or consider starting a business in China. Companies, especially the western companies, have been faced with challenges but sometimes they have got opportunities to tap into emerging markets in China (Czinkota & Ronkainen 2009). China has grown to be the best economic country since inception of marketing reforms in 1978. The marketing reforms moved the country from a central governing style to a market defined economy. Changes have been felt in the country, for example, more that 500 million people have been salvaged out of poverty making the country achieve their targets. China is currently the second biggest economy after the US, and the economy of Chinese is still growing, which is one of the best achievements in the world’s most populated country of 1.3 billion people. Chinese products had high demand during the 2008 financial crisis when most countries in the world were hit by inflation and high prices of goods. The cheaper products from China were demanded by many customers. This was after the country made changes by the implementation of a $586 billion stimulus package which saw increases in leading rates by many institutions to their customers for the improvement of businesses (Dorn 2011). Despite the achievements of the Chinese government, the countries still has a high number of people living below the poverty line. China has a high number of poor people in the world and it ranks in the second position after India. World Bank numbers show that the gross national income per capita in China is $6091, and because of this, average income of persons per day is 1.8 dollars making the country to be ranked at the 90th income per capita position. Despite the high economic growth that China is undergoing, a number of challenges are faced by the country, for example, an increased rate of inequality is experience in the country. China is attributed to be losing a lot due to environmental challenges. According to Zhang (2012), estimation caused by environmental challenges in the economy is 10.51% of the gross national income. This is based on a 2008 review by the World Bank. The main focus in China is to sort the challenges they are facing with more attention on environmental and social ch allenges. The issue the country is facing is addressed in a 5-year plan which is taking place between 2011 and 2015. Characteristics and Challenges of Emerging Marketing in China The characteristics of emerging marketing China are mostly shared by most Asians countries like Japan, South Korea and China. The Asians countries have the same styles of marketing which makes them to be accepted in their continent as compared to emerging markets of Western

HND in Business Accounting& Management Essay Example for Free

HND in Business Accounting Management Essay Operations Management explores the way organizations produce and distribute goods and services. Everything you wear, eat, sit on, use or read comes to you courtesy of the operations managers who organized its production and distribution. Goods such as automobiles, airplanes, computers and houses, must be produced, as do the services provided by hospitals, ski resorts, trucks, and airlines. Its the job of an operations manager to make sure these activities occur when and how they are planned. This explanation reflects the essential nature of operations management: it is the central activity in organizing things. Operations Management is the systematic development and control of the processes that transform inputs into goods and services. The operations function comprises a significant percentage of the employees and physical assets in most organizations. Operations Managers are concerned with each step in providing a product or service. They determine what should go into an operating system, such as equipment, labour, facilities, materials, energy, and information, to produce the output. Operations Managers are also responsible for critical activities such as materials management, capacity planning, purchasing, scheduling and quality. The importance of Operations Management has increased dramatically in recent years. Significant competition, shorter product and service life cycles, better educated and quality-conscious consumers, and the capabilities of new technology have placed pressures on the operations function to improve productivity while providing a broader array of high-quality products and services. Such like IEKA An organization that gets the binomial concept operations and business management right is more likely to experience short-term success and run efficient activities. The business might, for example, prevent errors in its record-keeping processes and rein in waste in money-eating mechanisms a perennial source of concern for top management. Given the importance of operational management, company principals may work with department heads and business-unit chiefs to draw up strategic blueprints and ask them to remain discreet about the companys operational tactics. The goal is not to convene a periodic top-level meeting and plot strategy in a warlike room, but to set sound procedures to make sure the architects of the companys blueprint keep mum about its objectives, resources and action plans. TASK2 Ikea because according to the specific market environment for the correct operation strategy, that was a huge commercial success.Ikeas household concept in the beginning of its creating had clear definition, that is: to provide a wide variety, beautiful and practical, ordinary people can afford the household articles for use.However, with the development of The Times, and constantly changing consumer demand, ikeas household concept also constantly enrich and perfect.Then, on the basis of the original, ikea household concept began with environmental factors.In particular, household concept of ikea is mainly in household concept of the masses.In most cases, expensive home furnishings is well-designed for a few people can afford to buy.From the early stages of creation, ikea will chose a different path, ikea decided to stand with most people.This means that ikea should meet the household needs of most people in the world, which meet with many different need, grade, dreams, and financial resources, at the same time hope to improve household needs and create a better life.In ikea, everywhere can see pasted on the wall of the ikea business motto: ikea will provide a wide range of design at a low price beautiful, fully functional household products, ensure that most people have the ability to buy.General household the management idea of success is based on partnership between ikea and customers.On the one hand, ikea ikea do the right thing to do.First of all, ikea designers and manufacturers to cooperate, in order to find out the use of the existing production process manufacturing furniture clever way.Then, ikeas purchasing companies around the world with the most appropriate suppliers of raw materials.Finally, ikea in global bulk purchase, ensure that ikea can get the lowest price.On the other hand, the customer do what they should do, namely through the ikea catalogue, visit the ikea store, choose furniture and customize the warehou se take delivery.Since most goods using tablet packaging, customers can easily to carry it home and assembled.In this way, customers can save a lot of cost.As a result, building with ikea low price, together create a better everyday life.Visible, ikea shows popular household concept for most people service business ideas.In high-end household take the high-quality goods in the 1950 s, ikea this breakthrough will surely shows its forward-looking strategies. Ikea is not just a product, it has its own retail system.Ikeas retail chain system adopted the operating strategy, in the global retail business through a wholly-owned crown stores and franchisees two modes of operation (blue and red group).As of August 31, 2003, 186 ikea stores in 43 countries and regions, including Europe, Asia, North America and Oceania region, ikea also continues to increase.There are 165 as a wholly owned stores, distribution in 29 countries and regions.In addition, in Australia, the united Arab emirates, Gre ece, Saudi Arabia, Kuwait, Israel, Malaysia, Singapore, Iceland and Hong Kong, China, Taiwan and other 14 countries and regions, there are 21 franchise, except for the ikea group a franchisor to own and run.Ikeas chain operation has been a huge success, and thus a high international reputation for ikea.In 2004, ikeas operating income of 12.8 billion euros, net profit more than 1.1 billion euros, employs 84000 workers, as the worlds biggest household goods retailer.Low price strategy is refers to through continuous compression cost, thus reduce prices, to win the market strategy.Ikea has been that only provide beautifully designed, practical series of products is not enough, also should make most people can afford to buy, in order to for most people rather than a few people to create a better life.After all, money is not much can meet the needs of the household consumer satisfaction.Therefore, ikea emphasizes the low-price strategy in the management strategy.Low price strategy ikea is the core of the operating strategy, ikea has unusual significance.Both household concept, cost control and other aspects of management measures, in the final analysis is to ikeas low price strategy.The success of ikeas low price strategy mainly from the following several aspects: adhere to the principle of small profit, principle of small profit in business is braving the down the sharp weapon, but also an important guarantee of ikeas low price strategy to success.After 60 years of development, ikea has always unswervingly implement the principle.Low-cost system, guara ntee the normal way of thinking of most enterprises, first in terms of product design and pricing, however, ikea has a tradition, price the product first and then followed by the specific design, finally find suppliers according to the established design.So it will be in the system design ensures the ikea, low prices.Ikeas pricing method is also unique, often use price matrix method for new product pricing.Ikea has three price high, medium and low grade, four basic style, modern, country and young Swedish northern Europe.In order to identify market opportunities, which is responsible for the product will take in charge of the committees instructions, the existing product prices to fill him in grid, and then look for space.First start from the little space of committee instructions, for example, have been found in the high price of ikea products for a large number of independent kitchen island, but he has lost those suitable for apartment or office cheap kitchen supplies.Then, head of products through the investigation to determine the cost of the new product competition, the goal is to lower than competitors prices by 30% ~ 50%, in this way, the price of ikea point occurs.This is the product manager for the low price of products of ikea kitchen utensils and appliances.The pricing model is kill two birds with one stone, it reflected the ikea has always been the production of standard and sales of the original and cheap, and also contains all to determine the content of the device in the conceptual design . TASK3 Operational management deals with the nitty-gritty basics of how a company operates, such as keeping track of spending costs and cash flow as well as maintaining a supply line. Some of the best managers have been those who have found ways to make the basic operations of a company more efficient. Operational management requires knowledge of a constantly changing variety of data and variables, and skillful and flexible planning is required. Strategic management does not merely have to do with setting broad and lofty goals, but works to establish a plan over the long term that will work toward those goals. This involves taking into account such factors as competition and consumer demand. The most successful business visionaries have been able to establish very realistic pictures of the market and operate within the constrictions that they were given by the market. Strategic management takes a great deal of common sense. Despite the clear distinctions we are making it is also important t o understand that operational and strategic planning are interrelated and complementary decision processes, which must link to each other, inform and support one another for effective management of strategies. Operational planning is the day-by-day, week-by-week, and month-by-month planning for a myriad of local and functional activities; strategic planning sets the overall direction of your organisation as a whole, its destiny if you will. The decisions that constitute the strategic plan include what the enterprise is not currently doing, but should be doing. The choices of what to do imply other things that the organization deliberately chooses not do. The strategic plan embodies very big decisions with major consequences for the overall performance. Strategic and tactical planning are different in kind. The two forms of planning must be linked, and integrated, and must not be confused. About IKEA: IKEA is a privately-owned company founded in Sweden by Ingvar Kamprad. He first started to sell pens, wallets, picture frames, table runners, jewellery and nylon stockings and decided to add furniture in 1947. IKEA has now around 260 stores, much of which are located in Europe, the United States, Australia and Asia. Nowadays IKEA is known for selling modern and utilitarian furniture at low prices their vision is To create a better everyday life for the many people. IKEA motto is Affordable Solutions for Better Living. Their operations management are strongly focused on achieving this goal; they use their resources effectively to gain profit by developing a more economic way for the production of their wide range of service. This has involved them in working closely with their suppliers in order to control aspects of their business from the production line. Unlike most furniture stores, IKEA sells goods which need to be assembled by the consumer; this has enabled them to use space more efficiently in their warehouse. The company has developed methods to satisfy customers with their Unique Selling Point (show room, children’ area) and a wise use of technology (stock control, internet). TASK4 TASK5 The three-es that is economy, efficiency and effectiveness. MANAGEMENT EFFICIENCY Efficiency can be measured in terms of the inputs required to generate the outputs. It is about the way in which work is completed. It is part of a manager’s job to help improve efficiency. For example, if the same work can be completed using less inputs or resources then efficiency has improved. Measuring efficiency means that the process followed to complete the work must be defined and then each part of the process studied to see what resources are required. This becomes the starting point or benchmark for measurement. Future work is then measured against the benchmark to see if it has taken more or less resource. Process changes are also measured to see if they are more or less efficient. It is also useful to measure one team’s efficiency against another and then adopt the most efficient methods as best practice– always assuming that effectiveness is maintained. MANAGEMENT EFFECTIVENESS Effectiveness can be explained in terms of what is achieved. It is about whether targets are met or not. Performing effectively means that the right work is being completed. Managers are responsible for making sure that this happens. If a team is working really hard but not delivering what is needed, then they are not effective. Effectiveness is measured by setting out clear objectives before work starts and then evaluating whether the objectives have been met or not. MANAGEMENT ECONOMY Economy is the third element of the three Es model, covering the financial aspects of work being done. It could be argued that economy or finance is just one of the factors to consider when improving efficiency, but because finance is so important in today’s organisations, economy has become the third element. Economy is measured by looking at the cost of the resources consumed and the value of the output delivered. TASK6 The maximization of quality and productivity in each and every individual industry is the foundation of every economy aspiring to prosperity.Improve the companies income by making the production more acceptable to the customers: by providing longlife, greater usefulness, maintainablity,etc.Giving employees control includes giving them the power to make job-related decisions, the flexibility to organize their work in the way they find optimal, and the authority to find make improvements on how their job is done. Making this work requires providing employees with the training, coaching, and information they need to make intelligent decisions. Make Sure Supervisors Know How to Bring Out the Best in People Supervisors play a huge role in employee morale, performance, and stress level. Supervisors who know how to provide guidance, support, and encouragement minimize employee stress. Supervisors with poor management skills or with personal problems, not only cant help employees deal with stressful times, they themselves are a tremendous source of stress. The time and financial resources you invest in selecting and training managers will pay huge dividends in reducing employee stress, increasing productivity, and minimizing turnover.

History Of Space Exploration :: Space Exploration Essays

In our history many great things have happened. We have been inventing and exploring things since day one. Many of these things that we discovered or invented we thought would never be possible in earth's life time. But they exists now, today, they are used by almost every human being and there are many more incredible and unmanageable things to come and aid us in every day life. One of the most interesting things to me would fall under exploration and inventing. You are about to venture in to the history of space and learn how man and mans objects have gotten there. The exploration in space dates back over 40 years ago, January, 31 of 1958 to be exact. On this date Explorer 1, which was the first U.S. satellite to be fired in space and its unknown, to orbit earth. It lifted off from Cape Canaveral using a modified Jupiter-C rocket called ABMA-JPL. It carried a scientific experiment of James A. Van Allen, and discovered the Earth's radiation belt. Along with defeat and triumph also come disappointment and failure. In March 5 of 1958 Explorer 2 was launched by another Jupiter-C rocket and failed to reach orbit. October 1, 1958 NASA was founded, taking over existing National Advisory Committee on Aeronautics and only ten days later U.S. - IGY space probe was launched to a incredible height of 70,700 miles. On March 3 of 1959 Pioneer 4, an U.S.-IGY space probe is launched by a Juno II rocket, and achieves an earth-moon trajectory, passing within 37,000 miles of the moon. It then fell into a solar orbit, becoming the first U.S. sun orbiter. About a year later Tiros 1 was fired into earth's orbit and became the first successful weather satellite for the United States. Then on August 18 of the same year, 1960, Discoverer XIV was launched and became the first U.S. camera-equipped Corona spy satellite. On July 14, 1965, They U.S. Mariner 4 returned the first close-range images of Mars. The above paragraph explains some of the earliest satellites, spy satellites, and probes that were sent into space to explore the unknown and the "Impossible". May 5 of 1961 Mercury Freedom 7 carried Alan B. Shepard, Jr., who was the first U.S. astronaut in space, in a suborbital flight. This United States' first manned space flight project was successfully accomplished in a 4 2/3 year period of dynamic activity. During this time they saw more than 2,000,000 people from many major government agencies and much of the aerospace industry and combined their skills, initiative, and experience into a national effort. Also during this 4 and 2/3 period six other manned space flights

The Red Badge of Courage

Growing up during the naturalism and realism literary movements, and experiencing combat in Cuba and Greece first hand influenced Stephen Crane's outlook in his novel The Red Badge of Courage that no matter what it takes, all living things will do whatever they can to save themselves, and that the world continues to spin regardless of human existence. The literary movements that influenced his writing the most were naturalism and realism. Naturalism uses detailed realism to suggest that social conditions, heredity, and environment have an inescapable force in shaping human nature. Crane uses this several times in The Red Badge of Courage. After Henry runs away from battle and is in the midst of rationalizing his behavior, he comes across a particularly tranquil spot in the woods: â€Å"At length he reached a place where the high, arching boughs made a chapel. He softly pushed the green doors aside and entered. Pine needles were a gentle brown carpet. There was a religious half-light† (7. 18). He notices â€Å"A dead man [with] eyes [†¦] changed to the dull hue to be seen on the side of a dead fish† (7. 20). This is where Henry comes to realize that nature and the universe have no interest in this dead man, nor do they have an interest in whether Henry himself lives or dies. There is simply nothing out there to help or save him or anyone else. This is a shocking lesson for him, and one that shatters his notions of the way things work. This is also Crane’s way of introducing the philosophy of â€Å"Naturalism† into the novel. Naturalists were influenced by Darwin’s theory of evolution, which places a strong emphasis on evolution. Literary Naturalists reject the notion of free will and see humans as controlled primarily by instinct, emotion, and culture. This idea makes Henry’s behavior more random and explainable, rather than a growth toward maturity, or a rise toward heroism, through his exertion of free choice and decision. As he is faced with even more death, he finds that the termination of life is an inevitable part of life: â€Å"He had been to touch the great death, and found that, after all, it was but the great death† (24. 1). Henry realizes that no matter the amount of bravery or courage, the world has created the same fate for all those who live, they all must die. Crane implies this through images of nature’s beauty contrasted with man’s bloody brutality, and he exploits this paradox many times throughout the novel. Since Crane was a big believer in Naturalism, he wanted to show that death should not be romanticized, but should be looked at straight on in as dispassionate and scientific a way as possible. The vulnerabilities of dead men make death seem like a very real physical phenomenon, rather than the journey of one’s spirit to either heaven or hell. Henry, too, is affected by viewing the dead. He sees that the dead do not know more than he does, and that they do not experience anything paranormal. He also realizes that he could just as easily be among them — that dying is as random and meaningless as war, or anything else. The second literary movement that influenced Crane’s writing is realism. Realism is a term that can refer to any work that aims at honest portrayal over sensationalism, exaggeration, or melodrama. The Red Badge of Courage displays characteristics of Realism writing. Henry is a regular guy put into an extraordinary situation. Crane uses figurative language in the forms of imagery and dialect. Another realism trait in The Red Badge of Courage is that nature is viewed as protection and a hindrance for Henry in several different cases throughout the story. For example, Crane writes, â€Å"†¦ Another important event in Crane's lifetime that influenced him in writing The Red Badge of Courage is his firsthand experience when he entered combat in Cuba and Greece. Though he didn't actually enter combat until after his novel was written, his thirst to not just see a battle, but die in one, influenced his writing greatly. After finishing the novel, his hunger for the experience of war grew due to the fact that he wanted to see if his account of the Civil War was correct. Also, Crane's father was a minister, though they did not share the same beliefs, which is probably the reason Crane used so many Biblical references in his writing. For example, Crane wrote, â€Å"The red sun was pasted in the sky like a wafer†(9. 4). The wafer Crane is referring to is the wafer of communion. In the Christian sacrament of communion, believers eat the â€Å"body of Christ† through communion wafers and red wine. He does this to comment on the concept of men having to die in order to save other men, similar to Jesus dying on the cross to save humans from their sins. The chapter that deals with the death of Jim Conklin-his initials are J. C. , similar to Jesus Christ- promotes Jim as a sort of Christ-figure who through his painful death helps â€Å"redeem† Henry. Critical Analysis Critics such as Maxwell Geismer and Bernard Weismer point out how Crane uses themes of courage, nature’s disregard of human life, and manhood to show the development of a young man from youth to maturity. Although the novel spans no more than a few weeks, a profound change in the characters of both Henry and Wilson occurs. Though these men do not technically age during the course of the book, the psychological development that they experience can be described as the development from youth into maturity. Innocence gives way to experience, and the speculative beliefs of adolescents make way for the guaranteed, solid beliefs of men. In addition, James Trammell Cox shows how Crane uses symbols such as the dead soldier and the characters of Jim Conklin and Wilson to show the transitions man must experience both mentally and physically to complete the journey from adolescence to manhood. Because of the novel’s title, it becomes evident that courage,—defining it, desiring it, and, ultimately, achieving it—is the most significant part of the book. As the novel opens, Henry’s view of courage is traditional and romantic. He assumes that he will return from battle either with his shield or on it. This understanding of courage is based on the praise of peers more than the internal measure of his bravery. In the first chapter, Henry recollects his mother’s advice, which opposes his own philosophies. She doesn’t care about the praiseworthiness of Henry’s name, but instructs him to do what he thinks is honest and right, even if he has to die doing it. The gap between Henry’s definition of courage and his mother’s suggestion fluctuates throughout The Red Badge of Courage, sometimes dwindling, and sometimes flourishing. At the end of the novel, as the mature Henry trudges triumphantly from battle, a more refined and multifaceted understanding of courage arises. It is not purely based on other people’s perceptions, but it does integrate a soldier’s regard for his reputation. Another theme express throughout the novel is the universe’s disregard for human nature. Henry’s newly found awareness that the natural world spins on irrespective of the routine in which men live and die is the toughest lesson that Henry learns. It deprives him of his naive, innocent beliefs concerning courage and manhood. Not long after his encounter with the squirrel in the woods, Henry stumbles upon a dead soldier whose decaying body works as a reminder of the universe’s disregard of human life. As the drama of the war continues on around him, Henry occupies his mind with questions regarding the nature of courage and honor and the likelihoods of gaining glory. Death, he assumes, would stop the war cold. Yet, when he encounters the corpse, he finds that death is nothing more than a vital and ordinary part of life. Henry’s happenstances with the squirrel and the corpse become the most important parts of the book, because in this place, Crane creates the formidable opposing forces in Henry’s mind: the belief that human’s deserves courage and honor, and the realization that all human life faces the same inevitable doom. Throughout the novel, Henry struggles to save his manhood. At first, he relies on very passe ideas. He is saddened that education and religion have repressed men of their natural viciousness and made them so domestic that there are very few ways for a man to tell himself apart from others, other than on the battlefield. Having this chance makes Henry feel indebted to be taking part in the war. As he makes his way from one battle to the next, he becomes more and more persuaded that his experiences will gain him women’s praise and men’s envy, and he will become a real man in their eyes. These early ideas of manhood are crude, idealistic, youthful illusions. The dead soldier represents the unimportance of human trepidations. Henry stumbles over the corpse, decaying and covered by ants, right after convincing himself that he was right to flee battle and that the welfare of the army depends upon soldiers being wise enough to save themselves. Then the dead soldier, whose facelessness strips him of any public acknowledgement of courage and forces Henry to begin to question the standards by which he measures his actions. Similarly, characters such as Jim Conklin and Wilson undergo a change in which, they two realize that the completion of this transition lies within oneself. Jim Conklin and Wilson stand as symbols of a more human kind of manhood. They are confident without being show-offs and are eventually able to take responsibility for their shortcomings. Wilson, who begins the novel as an obnoxious and loud soldier, later reveals his vulnerability when he requests that Henry deliver a yellow envelope to his family if he dies in battle. In realizing the unimportance of his life, Wilson is able to free himself from the chains that bind Henry. By the end of the book, Henry takes a confident step in the same direction, learning that his manhood lies within the way he owns up to his mistakes and responsibilities rather than in his actions on the battlefield. Modern day Connection On August 28, 1963, Martin Luther King Jr. delivered the â€Å"I Have a Dream Speech† at the Lincoln Memorial in Washington, D. C. His speech was a demonstration for freedom, in which he was fighting for the equality of colored people all around the world. This speech made history, but his story wasn’t over. At 6:01 p. m. on April 4, 1968, a shot rang out. Martin Luther King, a man of great courage, was assassinated for standing up for what he believed in. King hasn’t been the only demonstration of courage in history. Libyans are making history as we speak. Similar to Crane's using the Civil War to show how a young soldier struggles to define and achieve courage, recently, the Libyans rebelled against their government to get rid of the corruption that is taking over their country, and, hopefully, develop some sort of democracy and gain human rights. Libya has been ruled for 42 years by a shrewd, unconventional dictator who has often called his own people â€Å"backwards. † Fifty percent of his 6. 5 million subjects are minors. Although Libya contains many plentiful oil revenues, which provide most of the national budget, most children are starving and weak. Corruption is rampant, protestors are brutally suppressed, and many citizens are afraid that even speaking Quaddafi’s name in public will attract suspicion. Instead, they call him â€Å"the leader† and his son, Seif, â€Å"the principal. † Punishments are so extreme that even discussing national policy with a foreigner results in three years in prison. Reporters have commonly described press freedom in Libya as â€Å"virtually non-existent. † Unemployment rates are just about 30 percent, and those that do have jobs only work part-time. Basic foods—including rice, sugar, flour, gasoline—are heavily subsidized by the government and sold for a fraction of their true cost. A 2006 New Yorker article claimed that Libya had†prosperity without employment and large populations of young people without a sense of purpose. † Encouraged by pro-democracy rebellions across the Arab world, Libyan protestors had planned a â€Å"day of rage† for Thursday, February 17. Two days before their plan was able to be put into action, security forces arrested a prominent lawyer named Fathi Terbil, who had represented families of some of the prisoners slaughtered by Libyan security forces at Abu Slim prison in 1996. Once released from prison later that day, he set up a webcam overlooking Benghazi’s main square, where some of the families had been remonstrating. With help from exiled Libyans in Canada and around the world, the video spread rapidly on the Internet. Courage played a huge role in the development of this rebellion, and the fight for Libyans to build a democracy and gain human rights. It is reported that the Libyan ambassador in London resigned simply so he could join protests outside of the embassy and fight for the well-being of the Libyan people. Also, Egypt and Libya have both set up field hospitals on their borders and are trying to send help. A group of Libyan military officers have allowed the revealing of a statement calling on all members of the Libyan army to join the protesters. Advertisements in Guinea and Nigeria are offering up to $2,000 per day to fight as soldiers for the Libyan army. People across the world are teaming up and courageously taking a stand in order to achieve the freedom they are so desperately searching for.