Contemporary Supply Chain Management and Consultancy Management Essay

Contemporary Supply Chain Management and Consultancy Management Techniques - Essay Example This research will begin with the statement that the ever-increasing competition especially in the global markets, that are characterized by the short life cycles of products, high quality of a product, cheap prices and short delivery times in order to satisfy consumers who are demanding, are most likely to strictly prevail. Firms should be always continuous in supplier development in order to ensure that the suppliers have similar capabilities and as well as same time, share same objectives and policies as theirs so as to compete in a competitive environment. The study was conducted by reviewing of various secondary sources. In today’s business climate that is competitive, firms are increasingly relying on their suppliers in delivering defect-free products, technologically advanced goods, in a cost-effective state and timely. However, often the suppliers may be devoid of the capability to perform sufficiently in these areas. If the goods or services that are offered by a supp lier is somehow deficient in some respect, the purchasing firm might face the decision of either to look for another source of supply or working with the suppliers that exist to remedy shortcomings. However, due to the uncertainty that concerns the locating of a better source, and the higher cost of looking for and evaluating of new suppliers, the buying firms might choose to continue to work with the present suppliers in order to improve the performances. In addition, in order to facilitate the innovation process and achieving the objectives of reducing cost and as well providing quality, companies focus on strengthening and differentiating their capabilities and brands. Therefore, branding management has increasingly become significant while a large section of the development processes and production are handed to the suppliers. For example, the Japanese manufacturers that are led by Toyota company, have displayed very close relationships with their suppliers, in a way that includ es exchanging information extensive and directing assistance to the suppliers.

Social Networking Gone Bad Essay Example for Free

Social Networking Gone Bad Essay Have you even thought about how different society would be without social networking web sites? Many of the social networking web sites today play a huge role with the way we interact with one another in our everyday lives, which include most relationships. Using a social networking web site has many negative effects on relationship. Building insecurity, advertising personal information, and building social media moods are some of the many ways relationship are negatively impacted. First and foremost, many people are building up insecurities in their relationships due to these social networking web sites. The thought of what another person is doing on these web sites or who they are interacting with are affecting the trust bond between relationships which are causing the insecurities. For example, if a couple have had pervious issues with one person going behind another’s and speaking to their ex or person of opposite sex, then the thought of being easily connected with people through these sites can really build up the insecurity in the other persons mind and make them think that their partner is being unfaithful. Since it is so easy for someone to go on their phones and open the internet and begin speaking to people half way around the world. Not only can this destroy a relationship but it can also be unhealthy, causing anxiety and depression. The web being a public place, may not be the best place to be advertising personal information such as phone number, email address, or even photos. Some spouses and significant other may become bothered by the information streamed onto these sites and could possibly anger the person and potentially ruin a relationship. Have a phone number or email address on the sites can cause a person from the opposite sex or even their ex to try and get in contact with them, and that right there can really cause some major issues in someone’s relationship. It could even lead to someone getting harmed physically out of anger, when people out their relationships and personal life on the internet, nothing is secure nor private. Therefore eople are allowing others to have access in their relationship, by making it easier for people to express their opinion or do malicious things to sabotage it Not only can this destruct a love relationship but inappropriate information can ruin a relationship with someones job or business. In addition, as part of any social network experience, becoming networked and involved with each other is what keeps these sites going. Unfortunately, â€Å"a downside of social media relationships is that we’re potentially subject to emotional contagion effects, as illustrated in research by John Cacioppo, a researcher at the University of Chicago†(Jain, Dr.  R, 2010). In other words people with bad thoughts, ideas, or moods can transmit them to other people without ever having any face to face contact with the person. So basically if you have been following someone on one of these social networks and every time you are logged on, that certain someone is just posting negative comments and ideas, chances are that the very person reading this over and over again will begin to adapt these negative thoughts and ideas and then reflect a negative mood towards other people in their own real life, and the people they love. Which ultimately begin to take a toll on a relationship, because if one person is constantly upset the other is going to look at themselves first and feel like they are not wanted anymore. Even though social networking web sites might seem like the most amazing gift of technology, its adverse impact can ruin your strongest relationship and at the end leave you with countless regrets. Online friends, self-centered attention-seeking, short attention spans, distraction, and loss of privacy are what these social networks web sites engage you in, and not having control of it can have a negative impact on you and on your relationships. So be for you consider signing up for one of these social networks web sites or signing back on to an existing account, ask yourself if you are ready to deal with the negative effects the these sites have to offer. Also keep in mind there may be a possibility of ruining any types of relationships you are currently in or at least have an effect on them.

My Mom is a Pathological Liar :: Personal Narrative, essay about my family

I think it was my mother who taught me the meaning of honesty. Not because she was honest, but because she lied all the time. She felt that the easiest way out of any given situation was generally the best way out. And, for her, that generally meant telling a "little white lie." As a young child I thought it was kind of cool. And, naturally, when I would come to her with a concern or question wondering what I should do, she generally advised me to lie. "Mom, I told Theresa that I would go over to her house, but now I would rather go to Sue's house to play." "Tell Theresa you're sick," she would advise. And generally I did. But I didn't seem blessed with her lack of conscience. On many painful occasions Theresa would find out that I really went to Sue's house without her. These occasions taught me that it is more painful to be caught in a lie than it is to tell the truth in the first place. I wondered how it was possible that my mother had never learned that lesson. I started thinking of all the lies that I'd heard her tell. I remembered the time she told someone that her favorite restaurant had closed, because she didn't want to see her there anymore. Or the time she told Dad that she loved the lawn mower he gave her for her birthday. Or when she claimed that our phone lines had been down when she was trying to explain why she hadn't been in touch with a friend of hers for weeks. And what bothered me even more were all the times she had incorporated me into her lies. Like the time she told my guidance counselor that I had to miss school for exploratory surgery, when she really needed me to babysit. And it even started to bother me when someone would call for her and she would ask me to tell her that she wasn't there. So, I started my own personal fight against her dishonesty. When I answered the phone and it was someone my mother didn't want to talk to, I said, "Louise, mom is here, but she doesn't want to talk to you. My Mom is a Pathological Liar :: Personal Narrative, essay about my family I think it was my mother who taught me the meaning of honesty. Not because she was honest, but because she lied all the time. She felt that the easiest way out of any given situation was generally the best way out. And, for her, that generally meant telling a "little white lie." As a young child I thought it was kind of cool. And, naturally, when I would come to her with a concern or question wondering what I should do, she generally advised me to lie. "Mom, I told Theresa that I would go over to her house, but now I would rather go to Sue's house to play." "Tell Theresa you're sick," she would advise. And generally I did. But I didn't seem blessed with her lack of conscience. On many painful occasions Theresa would find out that I really went to Sue's house without her. These occasions taught me that it is more painful to be caught in a lie than it is to tell the truth in the first place. I wondered how it was possible that my mother had never learned that lesson. I started thinking of all the lies that I'd heard her tell. I remembered the time she told someone that her favorite restaurant had closed, because she didn't want to see her there anymore. Or the time she told Dad that she loved the lawn mower he gave her for her birthday. Or when she claimed that our phone lines had been down when she was trying to explain why she hadn't been in touch with a friend of hers for weeks. And what bothered me even more were all the times she had incorporated me into her lies. Like the time she told my guidance counselor that I had to miss school for exploratory surgery, when she really needed me to babysit. And it even started to bother me when someone would call for her and she would ask me to tell her that she wasn't there. So, I started my own personal fight against her dishonesty. When I answered the phone and it was someone my mother didn't want to talk to, I said, "Louise, mom is here, but she doesn't want to talk to you.

Financial Outlook on Dr. Reddy’s Laboratories

International Finance Project On â€Å"Financial outlook on Dr. Reddy’s Laboratories Ltd. † Submitted to: Prof. S. K. Gupta Submitted by: Date: 31 Dec. 2011 SOURAV KUMAR 2K10IB30 PGDM IB 2010-2012 ASIA PACIFIC INSTITUTE OF MANAGEMENT 3 & 4, Institutional Area, Jasola, New Delhi 110025 INTRODUCTION Established in 1984, Dr. Reddy's Laboratories Ltd. (NYSE: RDY) is an integrated global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses – Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products – Dr. Reddy’s offers a portfolio of products and services including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical Services (CPS), generics, biosimilars, differentiated formulations and News Chemical Entities (NCEs). PURPOSE & VALUES: Providing Affordable Medicines Our Global Generics business helps reduce drug costs for individuals and governments by bringing generic drugs to market as early as possible, and making them available to as many patients as possible. We market both generic small-molecule drugs and generic biopharmaceuticals. In markets with guidelines for approval, our Biologics business offers more affordable and equally effective generic biopharmaceuticals or biosimilars. We supply pharmaceutical ingredients to other generic companies through the API arm of our PSAI business, which contributes to our goal of providing affordable edicine. We will continue to promote affordability in significant ways and work to expand our product offering of generics, focusing on increasing access to products with significant barriers to entry. We will continue to look for new opportunities to take generics to more patients, in collaboration with other companies. Developing Innovative Medicines Despite the great advances of medical science, there are still many unmet medical needs. Our Proprietary Products businesses address some of these unmet medical needs, by developing and bringing to market new drugs. Through innovation in science and technology, combined with a deep understanding of underlying disease pathways, we develop and commercialise new formulations of approved products. We also develop new chemical entities with improved and well-characterised safety and efficacy profiles. We focus our research on the therapeutic areas of pain, anti-bacterials and metabolic disorders. Our Custom Pharmaceutical Services arm of our PSAI business helps innovator companies get their proprietary medicines to patients faster, by providing a range of technology platforms and services. ABOUT THE BUSINESS: The healthcare needs of people worldwide cannot be met by one company alone. Collectively however we can bring new drugs to the market in a fast and efficient manner and provide the building blocks of affordable medicines. Through our PSAI business, which comprises the Active Pharmaceutical Ingredients (API) and Custom Pharmaceutical Services (CPS) businesses, we offer IP advantaged, speedy product development and cost-effective manufacturing services to our customers – generic companies and innovators. This allows us to help make good medicines available to more people around the world. The core strengths of our PSAI business are the state-of-the-art infrastructure, resources and skills we are able to offer to our customers: †¢Large and diverse product portfolio †¢Eight FDA-inspected plants and three technology centers †¢World class chemistry expertise †¢Robust, large-scale manufacturing capabilities †¢Intellectual Property (IP) driven product development for freedom to operate †¢Total, seamless supply chain management PARTNERSHIP PHILOSPHY: At the core of each successful partnership is a great relationship based on trust and mutual respect. As we work towards fulfilling our core purpose we share your aspirations. We recognize and embrace the fact that our partners are a core component of this strategy. We understand that partnerships are successful when benefits accrue to both parties. They are built on a shared vision with well-defined and agreed-upon goals. We also know that that the partners’ thinking and interests may not always be identical, but that we share the same goal—a successful product. Our shared partnership successes are at the very heart of our business. From our first meeting through product launch and beyond, we stand behind our belief in true partnership thereby combining our strengths and sharing our successes. Dr. Reddy's firmly believes that the right alliances can contribute significantly to the success of our partners as well as to our own strategy and sustainable growth. â€Å"At Dr. Reddy’s we aim to foster a culture of building fair, effective, and mutually beneficial—winning—collaborations. The importance that we place on building winning collaborations is evidenced partly by the early and substantial involvement of senior management. In this way, we achieve quick decision-making and the allocation of necessary resources to achieve success. † G V Prasad Vice Chairman and CEO Transparent and Simple process: Clarity of thought, Speed of execution, Flexibility, creativity, and transparency are critical components of our negotiation and transaction process. As no two deals are the same, we work with potential partners to structure deals through customized approaches that allow both partners to leverage unique capabilities and assets in order to achieve common goals. A simple and streamlined process to progress our partnering discussions and a flat organizational structure facilitates rapid decision making from initial screening to execution. As a company that evaluates 100+ business development opportunities in any given year (many of which come to closure), we value the time and resources our potential partners commit to explore and complete any potential partnership. Dr. Reddy’s emphasizes a transparent and collaborative negotiation process and prompt decision making. We bring a reputation for acting swiftly and being flexible. We will work with you to reach an agreement with which you will be comfortable and that will head us in the right direction toward shared success. Sustained relationship based on trust and mutual respect: Our robust alliance management principles and practices allow successful execution of joint initiatives. Dr. Reddy’s is committed to ensuring that our partnerships succeed and flourish. Quarterly Results: Quarterly Results of Dr Reddys Laboratories——————- in Rs. Cr. ——————- Sep '11Jun '11Mar '11Dec '10Sep '10 Sales Turnover1,646. 981,696. 961,329. 161,389. 761,296. 88 Other Income13. 0555. 5429. 1137. 2152. 35 Total Income1,660. 031,752. 501,358. 271,426. 971,349. 23 Total Expenses1,390. 181,085. 201,113. 741,046. 631,022. 98 Operating Profit256. 80611. 76215. 42343. 13273. 0 Profit On Sale Of Assets———- Profit On Sale Of Investments———- Gain/Loss On Foreign Exchange———- VRS Adjustment———- Other Extraordinary Income/Expenses———- Total Extraordinary Income/Expenses———- Ta x On Extraordinary Items———- Net Extra Ordinary Income/Expenses———- Gross Profit269. 85667. 30244. 53380. 34326. 25 Interest15. 7815. 244. 250. 540. 13 PBDT254. 07652. 06257. 78379. 80326. 12 Depreciation73. 4068. 9365. 5063. 8961. 35 Depreciation On Revaluation Of Assets———- PBT180. 67583. 13192. 28315. 91264. 77 Tax42. 17129. 0826. 4153. 1444. 57 Net Profit138. 50454. 05165. 87262. 77220. 20 Prior Years Income/Expenses———- Depreciation for Previous Years Written Back/ Provided———- Dividend———- Dividend Tax———- Dividend (%)———- Earnings Per Share8. 1726. 799. 8015. 5313. 01 Book Value———- Equity84. 7684. 7484. 6384. 6184. 60 Reserves———- Face Value5. 005. 005. 005. 005. 00 ___________________________________________ Balance Sheet of the company (annually): ——————- In Rs. Cr. —————————— DescriptionMar-11Mar-10Mar-09Mar-08 SOURCES OF FUNDS: Share Capital84. 684. 484. 284. Share Warrants & Outstanding39. 333. 935. 532. 5 Total Reserves5896. 35796. 35139. 44695. 2 Shareholder's Funds6020. 25914. 65259. 14811. 8 Secured Loans0. 70. 82. 63. 4 Unsecured Loans1444. 1562. 4637. 745 8. 9 Total Debts1444. 8563. 2640. 3462. 3 Total Liabilities74656477. 85899. 45274. 1 APPLICATION OF FUNDS : Gross Block30252425. 72157. 31750. 2 Less: Accumulated Depreciation13341110. 1946. 5762. 8 Less: Impairment of Assets Net Block16911315. 61210. 8987. 4 Lease Adjustment A/c Capital Work in Progress570. 4745. 4411. 2246. 5 Pre-operative Expenses pending Assets in transit Investments24622555. 1703. 81930. 6 Current Assets, Loans & Advances Inventories1063. 2897. 4735. 1640. 9 Sundry Debtors1770. 51060. 51419. 7897. 7 Cash and Bank66. 2368384. 4536. 7 Other Current Assets1. 80. 62. 8 Loans and Advances2606. 42048. 718401250. 6 Total Current Assets5506. 34376. 44379. 83328. 7 Less: Current Liabilities and Provisions Current Liabilities1440. 71447. 51050. 2680. 9 Provisions1223. 2992. 2665. 6451. 3 Total Current Liabilities2663. 92439. 71715. 81132. 2 Net Current Assets2842. 41936. 726642196. 5 Miscellaneous Expenses not written off Deferred Tax Assets / Liabilities-100. 8-75-90. 4 -86. 9 Total Assets74656477. 85899. 45274. 1 Contingent Liabilities2488. 22412. 21977. 93325. 8 Book Value353. 481087348. 382701310. 190024284. 143876 Adjusted Book Value353. 481087348. 382701310. 19284. 1439 Profit & Loss Statement of the company (annually) ——————- in Rs. Cr. ————————————— DescriptionMar-11Mar-10Mar-09Mar-08 No of Months12121212 INCOME : Gross Sales5284. 74543. 84239. 83449. 7 Less: Inter divisional transfers Less: Sales Returns Less: Excise Duty97. 37480. 984. 5 Net Sales5187. 44469. 84158. 93365. 2 EXPENDITURE : Increase/Decrease in Stock-79-117. 3-64. 1-93. Raw Material Consumed1396. 413461177. 61146. 1 Power & Fuel Cost144. 6104. 19077. 1 Employee Cost701. 2510413. 3368. 6 Other Manufacturing Expenses1053. 9793. 3894698. 2 General and Administration Expenses288. 7195. 6228193. 9 Selling and Distribution Expenses477443. 8448. 7375. 4 Misce llaneous Expenses113. 991. 6121. 930 Less: Expenses Capitalised Total Expenditure4096. 73367. 13309. 42795. 4 Operating Profit (Excl OI)1090. 71102. 7849. 5569. 8 Other Income219220. 5101. 1191. 1 Operating Profit1309. 71323. 2950. 6760. 9 Interest9. 91627. 414. 7 PBDT1299. 81307. 2923. 2746. 2 Depreciation247. 9222. 4193. 162 Profit Before Taxation & Exceptional Items1051. 91084. 8729. 5584. 2 Exceptional Income / Expenses Profit Before Tax1051. 91084. 8729. 5584. 2 Provision for Tax158. 5238. 7168. 6108. 9 Profit After Tax893. 4846. 1560. 9475. 3 Extra items Adjustments to PAT597. 2-24. 8-1. 5 Profit Balance B/F2554. 12039. 11657. 51305. 1 Appropriations4044. 72860. 42218. 41778. 9 Equity Dividend %22522512575 Earnings Per Share52. 801418450. 124407633. 307628. 258 Adjusted EPS52. 801418450. 124407633. 307628. 258 Forex and External commercial borrowings: ——————- in Rs. Cr. ————————â €”———— DescriptionMar-11Mar-10Mar-09Mar-08 EXPORTS Total Inflow In Foreign Currency3747. 73161. 43123. 32366. 8362 Exports – FOB Value3671. 83013. 82892. 52259. 9061 Revenue in Forex75. 9147. 6230. 8106. 9301 Frieght & Insurance Technology transfer fees Service Fees31111. 1197. 959. 2134 Commision Earned2. 4 Dividend received Interest Earnings33. 635. 13236. 8753 Other Exports8. 91. 40. 910. 8414 Capital Inflow – Other Deemed Exports IMPORTS Total Outflow In Foreign Currency1321. 31021. 41180. 91071. 0232 Imports – CIF Value533. 7486. 4553. 8658. 4784 Raw Materials533. 7486. 4553. 8658. 4784 Traded Goods Stores & spares Other Imports Total Capital Outflow277. 3110. 7135. 577. 1814 Capital Goods277. 3110. 7135. 577. 1814 Other Capital Expenditures Repayments of Loans Investment In foreign Currency Expenditure in Foreign Currency510. 3424. 3491. 6335. 3634 Travelling Expenses5. 16109. 385 Interest Expenditure7. 5 Legal Expenses113. 166. 652. 355. 1145 Royalty Technical Fees Commision paid Others384. 6351. 7429. 3270. 8639 Dividend Paid Deemed Imports Raw Materials consumed Material Imported in Amt456. 6334. 2357231. 2115 Material Imported in %43303926. 37 Material Indigenous in Amt609. 8766. 3564. 2645. 144 Material Indigenous in %57706173. 63 Stores and spares consumed Spare Imported in Amt52. 433. 230. 121. 2313 Spares Imported in %1513811 Spare Indigenous in Amt300. 7220. 3326. 3180. 0892 Spares Indigenous in %85879289 Dr Reddy's Laboratories in News Dr Reddy's Laboratories: Higher capacity, New products to pump up growth Kiran Kabtta Somvanshi, ET Bureau Dec 26, 2011, 05. 20am IST Tags: †¢Sun Pharma| †¢Russia| †¢Germany| †¢generics Dr Reddy's Laboratories, the second-largest pharma company (by sales) in India, is at an inflexion point. Its robust performance in the US and Russia is driving its growth. The second half of the fiscal is likely to be better for the company than the first one –characterised by more product launches and increase in market share. It's probably the right time for investors to consider this stock. BUSINESS The company is engaged in generics, bulk drugs & custom services and proprietary products. The genericsbusiness contributes over 70% to its total revenues, which stood at $1. 7 billion in FY11. DRL has focussed on four key regions — North America, India, Russia/CIS and Europe — with an objective to achieve critical mass in the base business. North America is the company's largest and strongest market, contributing onethird of the company's revenues. New product launches, limited competition products and improved market share has helped the company post a strong performance in the region. DRL's German business remains its sore point, pulling down the growth rates for the European region. The pricing pressure brought about by the tender-based business structure has adversely affected its profitability. The Indian business has been a laggard since the last several quarters, but the sequential improvement in its performance in the September quarter is encouraging. Its biosimilars portfolio has done very well and has logged a growth of 22% y-o-y, hinting at a better period in the coming months. The Russian business, though not a large contributor, has proved to be yet another growth driver for the company. The OTC business, in particular, is doing well in the region. GROWTH DRIVERS DRL has targeted revenues of $3 billion and a RoCE of 25% in FY13. The company has a strong pipeline with 76 pending ANDAs (17 tentative approvals). It has 40 Para IV filings of which 11 have first to file opportunities. The company is focussing on scaling up manufacturing and having a higher mix of US generics in total global generics. In Germany, the company has undertaken cost control measures, and has commenced supplies to AOK tenders and launched new products outside the scope of tenders. Its effect would be visible from the current quarter. DRL has a tie-up with GSK to develop and market select products across emerging markets outside India. FINANCIALS While its earnings have been erratic over the years, the company's revenues have grown at a CAGR of around 21% over the last decade. DRL has restructured operations at its German and Mexican units. It has capped risky and expensive R by pulling out research in therapies like diabetes and cardiovascular. Instead, it is now channelising its R efforts towards development of limited competition products, biosimilars and new chemical entities in areas like pain management, anti-infectives and dermatology. CONCERNS Forging growth in its Indian business and profitability in its European operations is a major concern for the company. Its future growth depends on the success of its efforts in these areas. The company has raised `1,077-crore debt in the current quarter to meet working capital requirements and also to refinance old loans. This brings its total debt to over `4,200 crore. VALUATIONS The company's stock is trading at 23 times its consolidated annual earnings. These valuations are lower than its better-performing peers like Sun Pharma and Cipla. Pharma cos with huge FCCBs may not get hit as their export earnings remaining high Sanjay Pingle, Mumbai Monday, December 19, 2011, 08:00 Hrs [IST] Steady depreciation of Rupee against US Dollar and Euro may not have any major impact on Indian pharmaceutical industry despite many pharma companies have huge exposure to foreign currency loans and bonds. To a great extend, such adverse rates will be offset by the sizable export earnings of Indian pharma companies. Continuous depreciation of Indian Rupee against US Dollar and Euro is a great concern for Indian manufacturers having Foreign Currency Loans (FCLs) and Foreign Currency Convertible Bonds (FCCBs). But the exports of these companies are likely to shoot up in 2011-12 with depreciation of rupee in terms of foreign currencies. Indian pharma companies have recorded export earnings of more than 50 per cent of their revenues to US and Europe during 2010-11 and with depreciation of Rupee export earnings are likely to go up significantly. This will reduce the adverse effect on bottom line likely with the current unfavorable foreign exchange rates. Uncertainty in Euro region and recessionary conditions worldwide is making Dollar more firm against several currencies. At present, the exchange rate of Indian Rupee against dollar is moving near to Rs. 55 and that of Euro is moving over Rs. 71 as against Rs. 45. 87 per Dollar and Rs. 61. 13 per Euro year ago. The Dollar appreciated nearly by 20 per cent and Euro by almost 17 per cent within one year making FCL and Foreign Currency Convertible Bonds (FCCBs) payments costlier for Indian companies. The pharma industry has already incurred huge foreign currency loss during the first half of 2011-12 and these are likely to increase in the remaining part of the FY'12 with adverse exchange fluctuations. Though the Indian pharmaceutical companies have created strong networth position in the past, the volatile and adverse change in foreign exchange rates may put pressure on bottom line. The borrowings of Pharmabiz sample of leading 35 companies shows that the total borrowings, including secured and non-secured loan went up by 18. 3 per cent to Rs. 37,709 crore during 2010-11 from Rs. 1,899 crore in the previous year. The secured loans, including foreign currency loans and FCCBs, of 35 companies increased by 19. 8 per cent to Rs. 21,899 crore from Rs. 18,278 crore. As against these borrowings, the net worth, equity capital plus reserves & surplus, of these companies stood at Rs. 68,201 crore as compared toRs. 48,811 crore in the previous year, representing a strong growth of 39. 7 per cent in 2010-11. Out of 35 companies, 23 companies availed FCL or issued FCCBs and the aggregate amount worked out to Rs. 9,560 crore in 2010-11 as compared to Rs. 10,765 crore. Thus, FCL and FCCBs comprised of 25 per cent in 2010-11 of aggregate borrowings as compared to 34 per cent in the last year. The reduction is mainly due to redemption of FCCBs by few companies and repayment of costly FCLs. The aggregate amount of FCCBs issued by these companies reduced by 12 per cent to Rs. 5,382 crore from Rs. 6,118 crore and foreign currency loans by 10. 1 per cent to Rs. 4,178 crore from Rs. 4,647 crore. Ranbaxy Laboratories has outstanding FCCBs aggregating to US$ 440 million as at the end of December 2010. The company has shown Rs. 1,967 crore as unsecured loan for FCCBs as compared to Rs. ,048 crore in the previous year. Orchid Chemicals and Pharmaceuticals has outstanding FCCBs of Rs. 523. 58 crore as against Rs. 607. 74 crore in the 2009-10. Jubilant Lifesciences has reduced its FCCBs amount to Rs. 633. 70 crore from Rs. 861 crore in the previous year. Further, Strides Arcolab has reduced its FCCBs loan to Rs. 457. 28 crore from Rs. 634. 15 crore and Aurobind o Pharma toRs. 620. 76 crore from Rs. 767. 71 crore. Wockhardt's FCCB liabilities increased slightly to Rs. 458. 82 crore from Rs. 446. 40 crore and that of Plethico Pharma's to Rs. 425. 12 crore from Rs. 411. 91 crore. The foreign currency loans (FCLs) of Jubilant Lifesciences went up to Rs. 1755. 71 crore from Rs. 1580. 48 crore and that of Cadila's to Rs. 737. 70 crore from Rs. 722. 80 crore. Biocon has successfully reduced its FCLs to Rs. 189. 94 crore from Rs. 220. 72 crore. Dr Reddy's Laboratories has repaid its FCLs ofRs. 889. 90 crore during 2010-11 through three new short-term borrowings. However, FCL of Lupin went up sharply to Rs 306. 54 crore from Rs. 181. 99 crore in the previous year. Further, FCL of Orchid Chemical went up to Rs. 325. 22 crore from Rs. 250. 02 crore and that of Panacea Biotec to Rs. 359. 4 crore from Rs. 293. 74 crore. Ipca Laboratories FCLs also jumped to Rs. 183. 15 crore from Rs. 125. 52 crore. The sample of Pharmabiz 35 companies have managed to reduce their liabilities in respect of FCCBs and FCLs during 2010-11 and likely to reduce risk of depreciation of Rupee against Dollar and Euro. Further rise in interest rates by RBI will also put additional burden on the sector in 2011-12. However, higher exports may assist to reduce adverse impact on working. Dr. Reddy’s Q2 FY12 Financial Results : Q2 FY12 Revenues at ? 22. 7 billion ($462 million), YoY growth of 21%; Q2 FY12 Adjusted* EBITDA at ? 5. billion ($104 million), YoY growth of 20%; Q2 FY12 Adjusted** PAT at ? 3. 1 billion ($63 million), YoY growth of 8% Hyderabad, India, October 25, 2011: Dr. Reddy’s Laboratories Ltd. (NYSE: RDY) today announced its unaudited consolidated financial results for the quarter ended September 30, 2011 under International Financial Reporting Standards (IFRS). Key Highlights †¢Consolidated revenues are at ? 22. 7 billion ($462 million) in Q2 FY12 versus ? 18. 7 billion ($381 million) in Q2 FY11, year-on-year growth of 21%. Consolidated revenues for H1 FY12 is at ? 42. 5 billion ($866 million). oRevenues from Global Generics for Q2 FY12 are at ? 6. 1 billion ($329 million). Year-on-year growth of 18% mainly driven by North America and Russia. oRevenues from PSAI are at ? 5. 9 billion ($121 million) in Q2 FY12, growth of 28% over previous year. †¢Adjusted* EBITDA of ? 5. 1 billion ($104 million) in Q2 FY12, is at 23% of revenues recording year-on-year growth of 20%. Consolidated adjusted EBITDA for H1 FY12 is at ? 9. 4 billion ($193 million). †¢Adjusted** Profit after Tax for Q2 FY12 is at ? 3. 1 billion ($63 million), is at 14% of revenues with year-on-year growth of 8%. Consolidated adjusted PAT for H1 FY12 is at ? 5. 6 billion ($115 million). During the quarter, the company launched 28 new generic products, filed 17 new product registrations and filed 11 DMFs globally. †¢Dr. Reddy’s today announced the final approval of its olanzapine 20 mg tablets, the generic version of Eli Lilly’s Zyprexa ®from the USFDA. *Note: Adjustments include: benefit from a part reversal of provision booked in Q1 for Voluntary Retirement Scheme (VRS) floated by the company. **Note: Adjustments include: a) intere st on bonus debentures and b) benefit from a part reversal of provision booked in Q1 on account of Voluntary Retirement Scheme (VRS) floated by the company. All figures in millions, except EPS All dollar figures based on convenience translation rate of 1USD = ? 49. 05 Dr. Reddy's Laboratories Limited and Subsidiaries Unaudited Consolidated Income Statement ParticularsQ2 FY12Q2 FY11Growth % ($)(? )%($)(? )(%) Revenue46222,67910038118,70410021 Cost of revenues21410,473461788,7184720 Gross profit24912,206542049,9865322 Operating Expenses Selling, general & administrative expenses1477,216321165,7093126 Research and development expenses301,4596261,270715 Other operating (income) / expense(4)(215)(1)(4)(218)(1)(2) Results from operating activities763,74517663,2251716 Net finance (income) / expense1500135042 Share of (profit) / loss of equity accounted investees(0)(13)(0)(0)(3)(0)- Profit / (loss) before income tax763,70916653,1941716 Income tax (benefit) / expense1363137327293 Profit / (loss) for the period633,07814582,867157 Diluted EPS0. 418. 1 0. 316. 9 Profit Reconciliation: Adjusted EBITDA ReconciliationQ2 FY12Q2 FY11 ($)(? )($)(? ) PBT763,709653,194 Interest522506 Depreciation1887915731 Amortization83896317 EBITDA1065,203874,248 Adjustments: Part reversal of provision booked in Q1 for Voluntary Retirement Scheme(2)(94) Adjusted EBITDA1045,109874,248 Adjusted PAT ReconciliationQ2 FY12Q2 FY11 ($)(? ($)(? ) PAT633,078582,867 Adjustments: Interest on Bonus Debentures2118 Part reversal of provision booked in Q1 for Voluntary Retirement Scheme(2)(94) Tax normalizing adjustment(0)(4) Adjusted PAT633,099582,867 Segmental Analysis Global Generics Revenues from Global Generics segment are at ? 16. 1 billion ($329 million) in Q2 FY12 registering growth of 18% over previous year. †¢Reven ues from North America at ? 6. 3 billion in Q2 FY12 versus ? 4. 4 billion in Q2 FY11. Growth in USD terms of 45% was led by new product launches in the last twelve months and market share improvement in key products. 5 new products launched during the quarter, including limited competition products such as fondaparinux and fexofenadine pseudoephedrine D24 OTC. o24 products of our prescription portfolio feature among the Top 3 rank in market share (Source: IMS Sales Volumes July 2011). oDuring the quarter, 4 ANDAs were filed. The cumulative ANDA filings as of 30th September, 2011 are 177. A total of 76 ANDAs are pending for approval with the USFDA of which 40 are Para IVs and 11 are FTFs. †¢Revenues in Russia & Other CIS markets at ? 3. 4 billion in Q2 FY12 versus ? 2. 8 billion in Q2 FY11, year-on-year growth of 23%. Revenues in Russia at ? 2. 9 billion in Q2 FY12 versus ? 2. 3 billion in Q2 FY11, year-on-year growth in USD terms of 30%, largely driven by volume growth in key b rands. ?OTC portfolio growth of 33% over previous year; OTC sales at 25% of overall Russia sales. ?Dr. Reddy’s year-on-year secondary prescription sales growth at 20% versus industry’s growth of 10%. (Source: Pharmexpert August 2011). Dr. Reddy’s is ranked 12th in market share. oRevenues in Other CIS markets remained flat at ? 477 million in Q2 FY12. †¢Revenues in India increased by 9% to ? 3. 5 billion in Q2 FY12 versus ? . 2 billion in Q2 FY11. o3 new products launched during the quarter. oBiosimilar portfolio growth of 22% over previous year ; represents 6% to sales. †¢Revenues from Europe at ? 2. 1 billion in Q2 FY12, declined by 10% over previous year. oRevenues from Germany declined by 27% to ? 1. 2 billion in Q2 FY12 due to continuing impact of tenders. oRevenues from Rest of Europe grew by 26% to ? 933 million in Q2 FY12 driven by new launches in UK and growth in out-licensing business. Pharmaceutical Services and Active Ingredients (PSAI) â₠¬ ¢Revenues from PSAI are at ? 5. billion in Q2 FY 12 versus ? 4. 6 billion in Q2 FY11, year-on-year increase of 28%. oGrowth in Active Ingredients business led by new product launches in Europe. oPharmaceutical Services business grew on account of improved customer order book status. oDuring the quarter, 11 DMFs were filed globally, with 2 in US, 2 in Europe, 1 in Canada and 6 in rest of the markets. The cumulative DMF filings as of 30th September 2011 are 506. Income Statement Highlights: †¢Gross profit at ? 12. 2 billion ($249 million) in Q2 FY12, margin of 54% to revenues, marginal increase over previous year. Selling, General & Administration (SG&A) expenses including amortization at ? 7. 2 billion ($147 million) increased by 26% over Q2 FY11. This increase is on account of a) higher freight costs both on account of increase in sales volumes as well as rate increases, b) inflation and year-on-year increments linked increase in manpower costs across businesses, c) increment al costs at Bristol and Shreveport manufacturing facilities in the US and d) the increase in the OTC-related selling and marketing costs in Russia and other CIS markets as compared to previous year. R&D expenses at ? 1. 5 billion ($30 million) in Q2 FY12, increase of 15% over Q2 FY11. †¢Net Finance costs are at ? 50 million ($1 million) in Q2 FY 12 versus ? 35 million ($0. 7 million) in Q2 FY11 The change is on account of : oNet forex gain of ? 151 million ($3 million) versus net forex loss of ? 49 million ($1 million) in Q2 FY11. oNet interest expense of ? 225 million ($5 million) in Q2 FY12 versus ? 5 million ($0. 1 million) in Q2 FY11. oProfit on sale of investments of ? 25 million ($0. 5 million) in Q2 FY12 versus ? 19 million ($0. 4 million) in Q2 FY11. Adjusted EBITDA of ? 5. 1 billion ($104 million) in Q2 FY12, is at 23% of revenues with year-on-year growth of 20%. †¢Adjusted Profit after Tax for Q2 FY12 is at ? 3. 1 billion ($63 million), is at 14% of revenues with year-on-year growth of 8%. †¢Adjusted EPS for Q2 FY 12 is at ? 18. 2 ($0. 4) versus ? 16. 9 ($0. 3) in Q2 FY11. †¢Capital expenditure for H1 FY12 is at ? 3. 6 billion ($73 million). Appendix 1: Q2 FY12 Key Balance Sheet Items (In millions) ParticularsAs on 30th Sep 11As on 30th Jun 11 $)(? )($)(? ) Cash and cash equivalents1557,5961115,468 Trade receivables41920,56834917,136 Inventories37918,59235517,401 Property, plant and equipment64131,45062230,524 Goodwill and other intangible assets30815,11530414,921 Loans and borrowings (current & non-current)63831,30348823,940 Trade payables1828,9401728,433 Equity98048,08199748,902 Appendix 2: Q2 FY12 Revenue Mix by Segment (In millions) Q2 FY12Q2 FY 11Growth % ($)(? )as a %($)(? )as a % Global Generics32916,1367127913,6677318 North America 6,28739 4,4163242 Europe 2,11713 2,36617(10) India 3,45921 3,160239 Russia & Other CIS 3,38021 2,7512023 RoW 8936 9747(8) PSAI1215,93326944,6172528 North America 1,06818 8141831 Europe 2,30339 1,5513448 India 75213 6531415 RoW 1,81031 1,5993513 Others1261039420245 Total46222,67810038118,70410021 Appendix 3: Q2 FY12 Revenue Mix by Geography (In millions) Q2 FY12Q2FY 11Growth % ($)(? )as a %($)(? )as a % North America1597,777341115,4642942 Europe924,53620844,1022211 India864,21019783,8132010 Russia & Other CIS693,38015562,7511523 Others572,77512522,573148 Total46222,67810018,70418,10021 Appendix 4: H1 FY12 Consolidated Income Statement All figures in millions, except EPS All dollar figures based on convenience translation rate of 1USD = ? 49. 05 ParticularsH1 FY12H1 FY11Growth % ($)(? )%($)(? )(%) Revenue86642,46210072435,53510019 Cost of revenues40219,7014633916,6354718 Gross profit46422,7615438518,9005320 Operating Expenses Selling, general & administrative expenses28513,9723322811,1913125 Research and development expenses542,6566462,263617 Other operating (income) / expense(8)(401)(1)(8)(404)(1)(1) Results from operating activities1336,533151195,8501612 Net finance (income) / expense296042121(55) Share of (profit) / loss of equity accounted investees(0)(17)(0)(0)(8)(0)113 Profit / (loss) before income tax1326,455151155,6471614 Income tax (benefit) / expense15751214684210 Profit / (loss) for the period1165,704131014,9631415 Diluted EPS0. 733. 6 0. 629. 2 Appendix 5: H1 FY12 Profit Reconciliation (In millions) Adjusted EBITDA ReconciliationH1 FY12H1 FY11 ($)(? )($)(? ) PBT1326,4551155,647 Interest9446(0)(3) Depreciation351,708291,416 Amortization1679412605 Reported EBITDA1929,4041567,665 Adjustments: One-time charge of Voluntary Retirement Scheme142 Adjusted EBITDA1939,4451567,665 Adjusted PAT ReconciliationH1 FY12H1 FY11 ($)(? )($)(? ) Reported PAT1165,7041014,963 Adjustments: Interest on Bonus Debentures5236 One-time charge of Voluntary Retirement Scheme142 Tax normalizing adjustment(7)(364) Adjusted PAT1155,6181014,963

Macbeth – Notes on Elements of the Gothic in the play

* An Elizabethan audience would have been genuinely terrified by the events on stage as they believed that witches did exist, murder by witchcraft was made punishable in 1563 thus demonstrating that people during this era believed witches were real and had magical powers. * The theme of equivocation is used by Shakespeare to highlight the witch's evil nature; they use words with double meanings to confuse and disorientate Macbeth's thoughts and cause a conflict in his mind (between good and evil). * â€Å"the weird sisters† – whilst also meaning strange the word weird is derived from the old English ‘wyrd' which means fate or destiny, fate is often characterised as 3 old women. * Transformation * Macbeth is promoted to Thane of Cawdor by King Duncan, the audience have yet to meet Macbeth when Duncan makes this decision thus an impression of Macbeth as an honourable man is formed. The significance of this promotion is that Macbeth goes through a transformation from a brave soldier to a higher ranking, and more noble, position. * Macbeth's dramatic change in character is amplified in act 3 scene one as he attempts to annihilate Banquo, his close friend who he held in high respect at the start of the play. As the play progresses there is a steady breakdown of Macbeth's identity, causing him to be â€Å"not himself† by the end. A blurring of fantasy and reality * The line between fantasy and reality becomes blurred; the pinnacle point of this is in act two scene two after Macbeth enters from the murder. His piece of mind has been shattered as he feels that he has â€Å"murdered sleep†, there is no escape from his evil deeds as he has now become trapped in a living nightmare. To Macbeth (who comes over almost trance-like) he is just as vulnerable awake as asleep and to sleep would be too difficult because his mind has become corrupt with evil thoughts. (Macbeth becomes slightly hysterical during this scene as he struggles to make sense of what is happening to him, this is also an aspect of disorder) * â€Å"Is this a dagger which I see before me† – Macbeth appears tormented by his violent actions, which induce his tragic fall, it is after the murder of the king that he slowly evolves into a mad man who feels out of control with his mental state, it is corrupted thoughts that lead him to become power obsessed and thus a murderous, villainous man, his many delusions add to mounting suspense. (This also has links to transformation – transformation of the mind) Significant use of setting * Act one scene one opens with â€Å"Thunder and lightning† suggesting that the witches, who have gathered to talk about Macbeth, are somewhere outside. * The play is introduced as dark and dangerous, evil is introduced through the stormy weather that symbolises the disorder to come. * In act two scene four Ross and an old man talk about the stormy night, symbolising disruption in the kingdom, there is definite mystery as the location of the conversation is unclear, conversation takes place somewhere â€Å"outside the castle†. * â€Å"A camp near the battlefield† is the setting in act one scene two; a battlefield is a place where many people die, later in the play Macbeth becomes a murderer killing several people for un-just reasons. The king discusses the bravery shown by Macbeth and decides to reward him with the title Thane of Cawdor, he is being rewarded for killing here which could be a slight element of foreshadowing of his ability to kill for his own ends (merciless man).

Grover Cleveland essays

Grover Cleveland essays Grover Cleveland was born March 18th, 1837 in Caldwell, New Jersey. He was the fifth child in the family of four brothers and five sisters. His fathers name is Richard Falley Cleveland, who was a Presbyterian minister and relative to the founder of Cleveland Ohio. Grovers mother, Ann Neal Cleveland was the daughter of a publisher. The family had little money and moved frequently. He attended schools such as Fayetteville and Clinton, New York, and began working at the age of 14 as a clerk for Fayetteville general store. When Grover was 16, his father died, leaving him and his brothers to support their mother and sisters. Cleveland joined with an older brother of his who was teaching at the New York Institution for the blind and worked there for a year. At 17 years old, Grover decided to head west for more opportunities. He wanted to settle in Cleveland Ohio, but instead stopped at Buffalo N.Y. to see his mothers uncle. His uncle persuaded him to stay and Grover worked with him for six months. Afterwards he decided to be a lawyer. He worked as a clerk in the law office of Rogers Bowen, and studied there. Working hard for $4.00 a week, which had to pay for room board at the home of a fellow clerk. Two of Grovers brothers served in the Union Army during the Civil War, Cleveland had to stay and support his mother and sisters. Cleveland entered in the politics scene as a ward worker for the Democratic Party in Buffalo. He served as a ward supervisor in 1862 and as an assistant district attorney of Erie County. Was elected sheriff in 1870. The city of Buffalo at the time had a corrupt administration. As demand for improvement grew, the quicker Grover was elected to run as mayor in 1881. Cleveland vetoed so many padded city contracts that he became known as the veto mayor. Clevelands reputation for good government made him a national figure. The Republ ...

Free Essays on Praisesong For The Widow

America is a country with people of various cultures all-trying to mingle in or in some cases trying to integrate themselves. Many people, especially in America go their whole lives not knowing their true identity, because they’re to busy trying to assimilate into another culture to feel accepted and wanted from the dominant group. As for Avey Johnson who is an African-American woman who obtains many leisure’s, is sought to be a lost and complex character. In the novel Praisesong for the Widow by Paule Marshall is a about a middle class African-American widow, Avey Johnson who sets off into the Caribbean in a cruise ship, Bianca Pride with two of her friends. As the ship disembarks in Grenada she is haunted by nightmares of her Great aunt Cuney. Her nightmare awakens in her an emptiness and longing for something that she cannot initially explain. Her life about that point had seemed successful, especially in the eyes of others, almost like the American dream. Within this part of the novel a journey of reclamation and healing of a past that has been largely of her younger years and obtain in the American dream of financial security and a White-defined respectability. Paule Marshall takes the reader into a journey of a confused troubled widow on an expensive cruise, who then finds herself and liberates herself into a deeper understanding Guevara 2 of her cultural and familial heritage. Within the beginning of the novel, the reader can predict a sense of lost identity within the character, when her daughter, Marion addresses her as to why she feels the need to go on these cruises with people who don’t fully accept her as an equal. When she finally looked up it had been all she could do, from her expression, not to reach out and grab her mother by the shoulders and shake her the way she might have one of her pupils. To shake sense into her. â€Å"Why go on some meaningless cruise with a bunch of white folk... Free Essays on Praisesong For The Widow Free Essays on Praisesong For The Widow America is a country with people of various cultures all-trying to mingle in or in some cases trying to integrate themselves. Many people, especially in America go their whole lives not knowing their true identity, because they’re to busy trying to assimilate into another culture to feel accepted and wanted from the dominant group. As for Avey Johnson who is an African-American woman who obtains many leisure’s, is sought to be a lost and complex character. In the novel Praisesong for the Widow by Paule Marshall is a about a middle class African-American widow, Avey Johnson who sets off into the Caribbean in a cruise ship, Bianca Pride with two of her friends. As the ship disembarks in Grenada she is haunted by nightmares of her Great aunt Cuney. Her nightmare awakens in her an emptiness and longing for something that she cannot initially explain. Her life about that point had seemed successful, especially in the eyes of others, almost like the American dream. Within this part of the novel a journey of reclamation and healing of a past that has been largely of her younger years and obtain in the American dream of financial security and a White-defined respectability. Paule Marshall takes the reader into a journey of a confused troubled widow on an expensive cruise, who then finds herself and liberates herself into a deeper understanding Guevara 2 of her cultural and familial heritage. Within the beginning of the novel, the reader can predict a sense of lost identity within the character, when her daughter, Marion addresses her as to why she feels the need to go on these cruises with people who don’t fully accept her as an equal. When she finally looked up it had been all she could do, from her expression, not to reach out and grab her mother by the shoulders and shake her the way she might have one of her pupils. To shake sense into her. â€Å"Why go on some meaningless cruise with a bunch of white folk...

Mentos Diet Soda Chemical Volcano

Mentos Diet Soda Chemical Volcano Chemical volcanoes are classic projects for science fairs and chemistry demonstrations. The ​Mentos and diet soda volcano is similar to the baking soda volcano, except the eruption is really powerful, capable of producing jets of soda several feet high. Its messy, so you might want to do this project outdoors or in a bathroom. Its also non-toxic, so kids can do this project. This simple  chemical volcano takes a few minutes to set up and erupts for a few seconds What You Need Roll of Mentos candies2-liter bottle of  diet sodaIndex cardTest tube or sheet of paperA mop for cleanup Makingthe Mentos and Soda Erupt First, gather your supplies. You can substitute another candy for the Mentos, such as MMs or Skittles, but ideally, you want candies that stack into a neat column with minimal space between them, have a chalky consistency, and barely fit through the mouth of a 2-liter bottle.Similarly, you could substitute normal soda for diet soda. The project will work just as well, but the resulting eruption will be sticky. Whatever you use, the beverage has to be carbonated!First, you need to stack the candies. The easiest way to do this is to stack them in a test tube narrow enough to form a single column. Otherwise, you can roll a sheet of paper into a tube just barely wide enough for a stack of candies.Place an index card over the opening of the test tube or end of the paper tube to hold the candies in the container. Invert the test tube.Open your full 2-liter bottle of diet soda. The eruption happens very quickly, so set things up: you want the open bottle/index card/roll of candies so that a s soon as you remove the index card, the candies will drop smoothly into the bottle. When youre ready, do it! You can repeat the eruption with the same bottle and another stack of candies. Have fun! How the Mentos and Diet Soda Experiment Works The Diet Coke and Mentos geyser is the result of a physical process rather than a chemical reaction. Theres a lot of carbon dioxide dissolves in the soda, which gives it its fizz. When you drop a Mentos into the soda, tiny bumps on the candy surface give the carbon dioxide molecules a nucleation site or place to stick. As more and more carbon dioxide molecules accumulate, bubbles form. Mentos candies are heavy enough they sink, so they interact with carbon dioxide all the way to the bottom of the container. The bubbles expand as they rise. The partially dissolved candy is sticky enough to trap the gas, forming a foam. Because theres so much pressure, it all happens very quickly. The narrow opening of a soda bottle funnels the foam to make a geyser. If you use a nozzle that makes the opening at the top of the bottle even smaller, the jet of liquid will go even higher. You can also experiment using regular Coke (as opposed to the diet versions) or tonic water (which glows blue under a black light).

Creativity in the workplace Article Example | Topics and Well Written Essays - 500 words

Creativity in the workplace - Article Example eative individuals by influencing creative individuals intrinsically or extrinsically and the best way to influence them is to provide work that is challenging. She further states that managers need to allow creative subordinates to work on tasks in their own way and should provide them with complete support through resources and should be flexible when failures take place. She further adds that in an organization there are both creative as well as commercial employees and the commercial ones deal with the monetary side of the organization which the creative side is not concerned about. But instead of hiding the creative side from the monetary side, the creative side and the monetary side should meet each other for discussions on expectations and targets. She further adds that continuous work may make the creative workers weak and bore so enough time should be provided to them for other activities to keep their creative cells working and this may not be productive in the short run, b ut will be productive in the longer run. Managers need to manage creativity within their workplace and ensure that creative thinking and creative work takes place continuously within the organization as it is one of the most significant components of the organization. Before motivating creative thinking, managers need to provide a guideline regarding what the organization expects the employees to achieve. This will help employees think about different ways to achieve them. Individuals work hard when the task given to them is of higher significance, thus managers need to provide employees with such tasks to tap into creative minds. If they are not assigned significant tasks, employees will perceive that managers do not trust their decision making and will become de-motivated. Creativity is a process where trial and error takes place continually. If subordinates are not aware of the monetary limitations, they will continue to experiment and this can lead to heavy losses for the

Request to Conduct research Essay Example | Topics and Well Written Essays - 750 words

Request to Conduct research - Essay Example In addition, cigarette smoking harms secondhand smokers. Around 438,000 Americans die every year from inhaling secondhand smoke (Webber 13). The workplace is one of the most frequent places of smoking because of the time people spend in working and due to work-related stress. Hence, it is critical for the company to implement a comprehensive workplace smoking program that will benefit its employees and the organization. DECISION-MAKER The authority, who can implement the program, is the Human Resource Department (HRD) Manager. He is in charge of approving policies and solutions that impact the welfare of the employees. He will need the approval of the Finance Department and the support of the Chief Executive Officer (CEO) and Board of Directors. The HRD Manager should grant this solution because it will improve the health of the people, which will impact their performance and reduce the long-term healthcare costs of the company. PROPOSED SOLUTION The solution is embodied in a compreh ensive â€Å"Workplace Smoking Cessation Program.† The title does not emphasize banning smoking or anti-smoking because some smokers have aversive attitudes to such language. To launch this program, an ad hoc committee will be formed, consisting of at least six people, two from HR and four employee representatives, wherein two are smokers and two are non-smokers. The goal is to promote employee participation and enhance the legitimacy of the program as a pro-employee effort. These people will brainstorm on the policies and procedures regarding the program. The program will be composed of its benefits and communications strategy. It will offer health benefits support for tobacco cessation, while communicating tobacco-free worksite policies (Webber 14). The company will play a large role in educating employees and their families about the health impact of tobacco use and the programs and services that are accessible for employees, so that they can quit smoking (Webber 14). In o rder to save money, existing resources for motivating smoking cessation behaviors will be used, as well as public measures for assessing the success of the program. The HR will employ multiple communication tools and techniques to promote smoking cessation practices. These tools will emphasize the social, health, economic, and ethical reasons of stopping smoking habits. Several elements will be underscored: 1) Employ a value-based benefit design that promotes screening, counseling, and over-the-counter and prescription medications that will support tobacco cessation. 2) Emphasize the various benefits of smoking. 3) Give information about programs and services that help employees quit, such as telephone counseling quit lines, Centers for Disease Control and Prevention (CDC) resources, and other public resources. 4) Promote a general health philosophy in the worksite (Webber 14). BENEFITS The benefits of the program to the organization are: 1) Better employee and organizational perfor mance because of less smoking-related absences and illnesses. 2) Lower healthcare costs. 3) Decrease of instances of sudden workforce problems because of deaths and illnesses caused by smoking. 4) Higher morale due to emphasis on health and welfare. The benefits of the program to the employees are: 1) Better understanding of the benefits of quitting smoking. 2) Improved health and stamina. 3) Increase in morale because of the attention given to their health and welfare

Vigilance Case Study Example | Topics and Well Written Essays - 750 words

Vigilance - Case Study Example On stress related issues, the author noted that different groups with varying levels of pressure cannot be together, thus separated depending on the feeling of each team. Comparatively, the less stressed team could effectively manage vigilance activities in the region. Social distance also has a lot of impacts on vigilance project and subsequent team performance. Indeed, it is easier for the people who fall within the same social status to work in harmony and achieve significant success. Identity based distance has an adverse impact on the group performance. Notably, the people who identify with the group’s activities are able to put more effort in improving the programs and performance. This is because; they would also like to identify with the good results of the project. Therefore, through identity, the team is able to improve on their performance and contribute to economic development of the area. Psychological distance also separate people in the team. Mostly, the people with different thoughts might not work in unity to achieve the objectives. In reality, psychological differences depend on the level of education for the members, exposure and social class of the team members. Therefore, the status of mind has profound effect on the team’s performance Cultural distance is the separation of people based on ethnic affiliations. Here, different groups of people owe legend to certain cultural practices. The cultural attributes have significant effect on the team performance. Often retrogressive cultures might not permit success of the group’s initiative. In addition, cultural conflicts interfere with the team spirit especially when the members are drawn from difference ethnicities. Technological distance is the separation of people based on the use of the latest and efficient machines for carrying out duties. Apparently, the team that uses the latest technology is able to carry out its

The problem of dumping in world trade and measures that are taken to Dissertation

The problem of dumping in world trade and measures that are taken to stop it - Dissertation Example Measures that have been taken to stop dumping have always been and are still used as most significant devices by countries as a protection against imports. Measures to stop dumping tend to be supported over other trade remedies because unlike safeguard measures, they provide the opportunity for a selective approach. According to, the process used in anti-dumping legislations can give rise to increased dumping margins and actions unrelated to the actual market condition. This paper explains the concept of export dumping as well as the various forms it takes in the global trade. The paper details how Anti- Dumping (AD) legislations come into been and their relationship to article VI of the General Agreement on Tariffs and Trade (GATT). The paper will further discuss WTO anti-dumping measures together with the procedural issues in anti-dumping cases. Additionally, it will elucidate the reason behind the practices of export dumping. Moreover, the paper gives the reasons why civilized and uncivilized nations have special interests in the AD processes especially in the global trade. Finally, the paper will provide an explanation as to why AD legislation is perceived as a problem in the global trade. Introduction Definition of dumping In the global market arena export dumping can be regarded as selling of products/goods at price which is less than the domestic price normally as exports in the world trade.2 Similarly, the practice of selling at value below cost used to produce them is also referred to as dumping. Usually, primary reason behind export dumping is to drive out competitors from the market. Additionally, 3purports that dumping is also done to get rid of the surplus of local trade. Some traders also resort to dumping when their products are unacceptable for the local market. In economic perspective, dumping is viewed as a form of predatory pricing whereby the term is frequently used in the context of global trade legislations.4 Under this backdrop, dumping i s regarded as an act whereby a manufacturer in a given country exports goods to an overseas country or countries at price below the one charges at its domestic market for similar product/s. Dumping huge amount of goods or products into a market will significantly reduce price of goods that are priced at the market place as it introduces goods priced below the market price. Supporters of free market implicate it negatively as they perceive it as a form of protectionism. Overall, dumping has various definitions from various contexts but it is widely defined as selling of products in a foreign market at a price below the one a given country charges for the same products in the home market.5 In other words, it is the selling at lower than fair value. According to,6 WTO and the GATT condemn the practice of export dumping at situations where it effects injures the economy of a country into which the goods are dumped although it does not prohibit it. Some countries take control of specific technology or method of production in the world trade. As a consequence, these countries monopolize these products or technologies. Such kinds of monopolies are also referred to as international dumping. In order to capture foreign markets for their goods or technologies, such countries sell their goods at foreign markets at a price below the one they charge in their domestic market. This act is normally adopted by producers who have monopolies in their local markets whereby the need for their goods is less elastic than in world trade.7 Types of Dumping In the world trade, there are generally three forms of dumping

The needs of young people who offend and the risks they pose are not Essay

The needs of young people who offend and the risks they pose are not the same thing. Discuss - Essay Example According to Arthur (2005) the courts have held the parents of offending youths responsible on some level since the 19th century. Prior to 1990 such parental responsibility was only generally found in financial terms with the parents being forced to pay compensation for the harm caused by their children1. The same financial responsibility has been retained since the reforms in the criminal justice system2 but the government has added extra burdens on the parents in non-financial terms. Gelsthorpe (1999) highlights the proposed changes that the Government were planning on implementing in 1991 such that the parents of offending children could be charged with failing ‘to prevent their children from committing offences’. These plans failed to come to fruition but the introduction of the Criminal Justice Act 1991 s58 did give the courts the power to issue a bind-over to the parents of offending youths. Parents were entitled to refuse to accept the bind-over but could then be faced with a fine of  £1000. Prior to the 1991 Act the non-financial responsibility of parents was limited to a requirement for them to attend court with the children3. Most of the Criminal Justice Act 1991 was repealed by the Powers of the Criminal Courts (Sentencing) Act 2000 although the provision to bind-over parents was retained under s150. Under this section a bind-over can remain in place for a maximum of 3 years or until the child attains the age of 18, which ever is the sooner. This section can also make it so that the parent is bound over to ensure that the child complies with any community sentence that has been imposed on them4. Prior to the 2000 Act parenting orders were brought into being through the Crime and Disorder Act 1998 aimed at making parents responsible for the actions of their children. These orders range from making the children attend school to curfews and enforcing their children from association with certain persons.

The problem of dumping in world trade and measures that are taken to Dissertation

The problem of dumping in world trade and measures that are taken to stop it - Dissertation Example Measures that have been taken to stop dumping have always been and are still used as most significant devices by countries as a protection against imports. Measures to stop dumping tend to be supported over other trade remedies because unlike safeguard measures, they provide the opportunity for a selective approach. According to, the process used in anti-dumping legislations can give rise to increased dumping margins and actions unrelated to the actual market condition. This paper explains the concept of export dumping as well as the various forms it takes in the global trade. The paper details how Anti- Dumping (AD) legislations come into been and their relationship to article VI of the General Agreement on Tariffs and Trade (GATT). The paper will further discuss WTO anti-dumping measures together with the procedural issues in anti-dumping cases. Additionally, it will elucidate the reason behind the practices of export dumping. Moreover, the paper gives the reasons why civilized and uncivilized nations have special interests in the AD processes especially in the global trade. Finally, the paper will provide an explanation as to why AD legislation is perceived as a problem in the global trade. Introduction Definition of dumping In the global market arena export dumping can be regarded as selling of products/goods at price which is less than the domestic price normally as exports in the world trade.2 Similarly, the practice of selling at value below cost used to produce them is also referred to as dumping. Usually, primary reason behind export dumping is to drive out competitors from the market. Additionally, 3purports that dumping is also done to get rid of the surplus of local trade. Some traders also resort to dumping when their products are unacceptable for the local market. In economic perspective, dumping is viewed as a form of predatory pricing whereby the term is frequently used in the context of global trade legislations.4 Under this backdrop, dumping i s regarded as an act whereby a manufacturer in a given country exports goods to an overseas country or countries at price below the one charges at its domestic market for similar product/s. Dumping huge amount of goods or products into a market will significantly reduce price of goods that are priced at the market place as it introduces goods priced below the market price. Supporters of free market implicate it negatively as they perceive it as a form of protectionism. Overall, dumping has various definitions from various contexts but it is widely defined as selling of products in a foreign market at a price below the one a given country charges for the same products in the home market.5 In other words, it is the selling at lower than fair value. According to,6 WTO and the GATT condemn the practice of export dumping at situations where it effects injures the economy of a country into which the goods are dumped although it does not prohibit it. Some countries take control of specific technology or method of production in the world trade. As a consequence, these countries monopolize these products or technologies. Such kinds of monopolies are also referred to as international dumping. In order to capture foreign markets for their goods or technologies, such countries sell their goods at foreign markets at a price below the one they charge in their domestic market. This act is normally adopted by producers who have monopolies in their local markets whereby the need for their goods is less elastic than in world trade.7 Types of Dumping In the world trade, there are generally three forms of dumping

English Class Writing Assignment Essay Example | Topics and Well Written Essays - 500 words

English Class Writing Assignment - Essay Example Their chance came when Carl was recruited to work in the U.S. Navy with both the father and son expecting too much from this break, not knowing he will just be helping in the kitchen, giving him the mocking of his own color. While on break on the deck, Carl and his co-workers were watching the divers do their exercises and being lured by the waters; the young man readied himself to dive, against the will of his companions and the white Americans. When an attempt was made to make him get out of the water, he swam towards the middle of the sea with skill that impressed the trainer. He was then promoted as a diver, allowing him to see the dangers of his job. When an accident happened that called for an immediate rescue, Carl witnessed Billy Sunday, played by Robert DeNiro, do the rescue without any diving gear to protect him in the water, with all passion and fervor to his duties, dived against his commander’s will. This event led to a sickness that prevented him from continuing with his responsibilities, thus, was appointed to training master divers. Carl boldly went to the trainer who promoted him and expressed his wishes to become what he wanted, a master diver. The trainer laughed at this idea because black men are not allowed to be in the U.S.

How Aerial Travel and Cabin Pressure Adversely Affects the Human Body Essay Example for Free

How Aerial Travel and Cabin Pressure Adversely Affects the Human Body Essay The idea of humans traveling to the Moon or other areas out side of the Earths orbit is mostly scientific. However, when astronauts remain in space, having to re-balance the body to suit less or no gravity compared to the Earth could bring about many changes to the body. Scientists have found that the time required for recovery depends on the time spent in zero-gravity conditions. The longer one stays off of the Earths surface, the more damage can be caused. Strictly speaking, even a trip in an Airplane would require safety precautions to minimize damage to the body of this. For example, cabin pressure increased to maintain balance and prevent feeling different to a lower pressure. This essay will consist of two sections. The first will be of flight effects within the Earths hemisphere, and how to perhaps prevent damage to the body. The second, and longer section deals with space travel through Zero-gravity and effects of weightlessness on the body and the counter-measures to prevent damage to the body. Section 1, flight effects on the passengers, specifically dealing with cabin pressure: Airplanes fly at the cruising altitude of around 33000 feet, or approximately 10000 meters. Because the cruising altitude has a cabin pressure lower than air pressure on ground or even under sea-level, the oxygen availability is less and gases within the body expand. This causes the oxygen saturation level of the blood to reduce, which can lead to mild hypoxia, the reduced supply of oxygen to the tissues around the body. Due to the effects of hypoxia, alcohol consumption would affect the brain much more than it would on Earth. As the aircraft makes its decent back to Earth, air must be allowed to flow into the middle of the ear to equalize pressure differences. Passengers often can feel this change in air pressure. People with ear, nose and sinus infections are usually advised to avoid flying because of these changes in air pressure. Air travel in airplanes has less thank 20% humidity. This causes discomfort to the eyes, mouth and nose but does not risk the passengers health. This discomfort can be prevented by drinking liquids (water recommended) before and during the flight, and using skin moisturizers. Also passengers with short-sightedness or long-sightedness are advised to wear eye-glasses rather than contact lenses during flight as the contact lenses may dry out. In order to avoid de-hydration, passengers should drink non- alcoholic beverages. Section 2, how traveling through space affects humans Astronauts often experience Zero- Gravity during their travels through space. This zero gravity or micro gravity can bring about health concern to the body if astronauts remain in space for a long period of time. It would be much healthier for crews to live under artificial gravity. In order to prevent any biological changes in the body when experiencing zero gravity, scientists recommend a force of artificial gravity equal to a third of the Earths level of gravity. However, scientists still havent research affects of artificial gravity on humans but they know for a fact and there is an imbalance in the body due to the shifts of gravity levels. Artificial gravity prevents physiological changes from occurring. In zero-gravity, the body deteriorates. It takes less muscle to move around, so after a long period of time in space, muscles weaken so the body bends. Because there is no tension in space, muscles relax and after a while they atrophy as a result of disuse and eventually disappear. To prevent the fracture of bones, limbs and muscles, all space shuttles give the opportunity for astronauts to do rigorous exercise everyday to keep the muscles strong. Staying in Zero-gravity for months causes bones to lose mass and get thinner, as they are not carrying any weight. This means astronauts must go through rigorous trainings in the spacecraft everyday in order to keep muscle and bone strength. When a great deal of the crews precious time in space is spent exercising rather than doing science, money and potential knowledge are being squandered for the sake of health. It is a sacrifice, but a necessary one1 In space, receptors in the inner ear allow humans to sense direction. In space, ear receptors dont receive the same cues and the mind gets used to ignoring the inner ears feelings about balance. Hand-eye coordination, posture and balance are all affected by the disorientation of the mind. When astronauts return to earth, they are often overwhelmed by dizziness and have difficulty in maintaining balance. An example of the mind adapting to the new gravity less surroundings would be with Shannon Lucid, who was on board the Russian space Station MIR for six months. The astronaut said You just sort of get used to floating around but we also know that floating around is not all that astronauts do- they must resist the effects of micro gravity on the body. Also, no gravity means no resistance from growing, so some astronauts return to earth some 6 inches taller than when they left. It is only after a few months that they grow down/ shrink back to normal height. This is because of the unloading of spinal discs- because of lack of gravity, the discs in the spine are not holding up or don anything, so they tend to stretch rather than contract. Traveling through micro gravity causes bodily fluids to shift from the lower body to the cephalic area (head), and so peoples faces tend to swell and become rounder than they are on earth. When the brain senses a higher amount of blood than usual, it interprets the situation that there is now an overall increase in the total volume of fluids in the body. The brain responds by triggering the excretion of fluids, making astronauts prone to dehydration. Also, the fluid redistribution can shrink legs as the bones are weaker. These fluids pass through the kidneys, causing kidney filtration rate to increase, bone loss can cause Kidney stones. Fluids that leave the body include calcium loss and bone demineralization. The loss of blood plasma causes temporary Anemia upon the return to Earth. Some crew members get space anemia. Scientists are concerned about the affects of catching this disease on over all crew performance. Blood volume may decrease by 10 percent. The increase of fluids in the head causes the same feeling as when one has a cold and feels blocked in. in space astronauts begin to lose their sense of taste, causing the craving for strong flavorings in the food such as horseradish, mustard and taco sauce. Fluid loss, lack of exercise and diminished appetite cause weight loss as astronauts tend not to eat as much as they would on earth. Meals and exercise are planned to prevent excessive loss. Zero-gravity affects the cardio-vascular system. On earth we must cope with gravity, which sustains or slows down the blood-flow. In zero gravity, there is no gravity force, causing the heart to slow down due to the decreased demands of blood as it travels more freely. The immune system in the body is also affected by weightlessness. In space, one is exposed to illness as the immune response lowers and numbers of anti-bodies decrease after a long exposure to micro gravity. Approximately half of all astronauts are affected by this unpleasant syndrome which affects nausea, headache, lethargy and sweating (taken from NASA sources). Also, minor effects of weightlessness on the body include puffiness in the face, flatulence, weight loss, nasal congestion and often sleeping disturbances. Upon returning to earth, recovery time depends on the duration of stay in space. Muscles are weak and the body is not used to gravity forces, (causing them to feel dizzy) and so some astronauts are taken back in stretchers. This shows why astronauts need to be at the peak of fitness. If in the near future the human race would build space stations as tourist resorts, some would prefer hotels with zero-gravity and some would want partial gravity, which would bring about competition like hotels on earth, which would drive prices low. As gravity affects all biological, physical and chemical processes on earth, building an International Space Station gives new opportunity to study a world without gravity and its affect on animals and other living organisms. Observing the weightlessness effect on these living organisms could teach scientists about biological processes on earth, such as aging and osteoporosis. In the end, we can see that human travel through space is safer under artificial gravity when compared to astronauts being exposed to weightlessness, micro gravity or zero gravity (all three mean the same). Most of the problems mentioned such as fluid loss and muscle deterioration would not cause problems as long as the crew remained in a weightless environment. Remaining in a zero-gravity environment for over a long period of time could cause problems, however. In 1987, in the later stages of his 326-day mission, Russian Yuri Romanenko was fatigued both physically and mentally due to traveling through space. The majority of his day was spent sleeping regaining strength, in the meantime his bones were deteriorating. Some say if many like Romanenko stayed in space for much longer, he may not have survived re-entry to the Earth. Returning to Earth could cause problems as the body is much weaker due to demineralization and atrophy of the bones and shortage of red blood cells. Ones balan ce must now again be readjusted causing many astronauts to feel dizzy when back to a strong g force gravity on earth. Whether or not the large amount of time and money spent on keeping astronauts fit during space flight is worth the scientific findings is debatable. Physiological effects need to be prevented as much a possible. Again, this is usually prevented by rigorous exercise and micro gravity could still be a danger to the astronauts health. Many scientists believe that the benefits of transporting/sending out machines (robots) and humans to space, despite the health issues, are nothing compared to the huge benefit that society will receive. Humans will not be perfectly suited to living in a weightless environment, but that wont stop Astrobiologists and many other research firms like NASA from exploring space. The many benefits of space exploration such as technological knowledge and inspiration easily outweigh the negative aspects. Bibliography: Sources were from Newspapers, CDs, web sites and a large extract of a book in one of the web-pages. Most web sites accessed on the 11th December 2003 and 9th January 2004. 1) http://library.thinkquest.org/C003763/index.php?page=adapt02 2) www.permanent.com/s-nograv.htm 3) http://library.thinkquest.org/C003763/index.php%3fpage=adapt02 4) www.spacefuture.com/habitat/zerog.shtml 5) http://mos.org/cst/article/77/6.html 6) http://school.discovery.com/schooladventures/spacestation/basics/why.html 7) www.relaxincomfort.com/zerogravity_benefits.html 8) http://experts.about.com/q/2540/2677459.htm 9) www.uclas.ac.uk/facs/science/physastr/courses/space/ssyear1/sc1201.htm 10) http://www.who.int/ith/chapter02_01.html 11) Definitions from Microsoft Encarta 2003 Premium Suite CD 12) http://library.thinkquest.org/2606/Environmental_problems/water_pollution_-_effects.html (used for first idea of project) 1 http://library.thinkquest.org/C003763/index.php%3fpage=adapt02

Analysing The Impact Of Terrorism On Kenya Tourism Essay

Analysing The Impact Of Terrorism On Kenya Tourism Essay The U.S. Department of State defines terrorism as premeditated, politically motivated violence perpetrated against non-combatant targets by sub-national groups or clandestine agents, usually intended to influence an audience. Likewise, as terrorism against tourists often involves international citizens, international terrorism is defined as terrorism involving citizens or the territory of more than one country. WHY DO TERRORISTS TARGET KENYA? Geographic location, poverty and unstable neighbours are some key elements that have contributed to past terrorist attacks faced by Kenya. Kenyas unique geographic location acts as a passageway from the Middle East and South Asia to East Africa and beyond. Therefore, Kenya had to cater for the many activities that would now exist because of this pathway so an extensive seaport was constructed as well as two international airports, one in Mombassa and one in Nairobi along with rail, road and communication infrastructure. With these additions, travel and entry into and around Kenya is quite easy and usually obscure due to its penetrable borders coupled with its surrounding neighbours and unmonitored coastline. In particular, the Arabs in Kenya that occupy the coastal areas are closely linked to the Arabs in the Middle East as they both share a common religion and language. This has made it quite convenient for terrorist to blend into the community. For these reasons, Kenya is a preferred choice for terrorist to strike. DISCUSSION ON TERRORISMS IMPACT ON THE HOSPITALITY TOURISM INDUSTRY IN KENYA (25 MARKS) Tourism, one of the foundation blocks of Kenyas economy, constitutes 25% of the Gross Domestic Product (GDP) and has been adversely affected by the repercussions of terrorism. Firstly, the influx of tourist to Kenya can be estimated to over 500,000 visitors each year. Europe and the United States of America (USA) represent Kenyas traveller generating region with 70% of the market being Europeans (Switzerland, Italy, Belgium France and Britain account for the bulk of tourists). In addition, visitors come from Japan, Asia, Scandinavia, and other African countries. USA, Germany, Great Britain and some other countries, upon receiving the news about the terrorist attacks on Kenyas US Embassy in Nairobi, immediately issued travel advisories to their citizens and imposed travel bans to refrain travel to Kenya as it was deemed unsafe. Moreover, the extensive media coverage of the attacks particularly focused on Kenyas vulnerability to terrorism severely tarnished its image. These responses lead to a decline in travel to Kenya and some neighboring countries as travelers feared the spillover of the terrorist attacks. For example, tourism businesses were terribly affected by the travel warnings. Tourism brought in US $500 million in annual revenue and was losing at least $1 million everyday due to the decline in tourism. ( ) Consequently, Kenyas tourism industry was paralyzed. Kenya suffered a decrease in tourist arrivals. This had a ripple effect on all sectors of the industry. The cancellation of leisure trips and business conferences were rapidly on the rise. Kenyas reputation plummeted and this lead to the loss of its competitive value. Kenya was no longer an option to be considered for vacation or investment. Tourism catered to the employment of 500, 000 Kenyans ranging from tour operators, tour guides, travel agencies, safari driver, dancers, hoteliers, restaurateurs, small business operators to airport and airline personnel. Subsequently, there was a significant increase in unemployment as many Kenyans lost their jobs. Employees that were still employed received salary cuts. For instance, at the Carnivore restaurant; all of the 330 staff had their salaries reduced, including Dunford the chairman (National Geographic 2010). The bombing of the US Embassy had a massive impact on Kenyas infrastructure. The Embassy was stationed at the crossroads of two streets in Nairobi, adjacent to the Ufundi Building and the Co op Bank Building. The explosion destroyed these three buildings and other buildings and amenities within a two to three block radius.( ) The rubble consisted of broken glass from windows, window frames, furniture and fixtures, concrete block walls, cars, buses, electric poles, street lights and the list goes on. The transportation sector within Kenya suffered major setbacks as the streets were seriously damaged and likewise vehicles. Additional problems surfaced as resources (medical) were delayed as it was difficult to get in and around Nairobi. Access was restricted to rescue and emergency personnel. Nairobi, the capital of Kenya, was known for its many tourist attractions but these business operations declined as a result of the bombing. With the loss of power and telecommunication, tour oper ators, travel agencies and hotels were unable to update their websites or communicate with potential visitors who would usually book their reservations, tours or tickets online. Another hindrance to Kenyas tourism industry in light of the terrorist attacks is the slump in foreign direct investment (FDI). Investors were inclined to nullify their FDI in Kenya due to some of the shocks felt by the terrorist attack such as the direct destruction of infrastructure, the rise of operating costs due to an increasing need of security measures, and the rise of recruiting costs due to missing incentives to work in terrorism prone regions. ( ). This further contributed to the loss of revenue specifically for tourism development initiatives. An important issue on the agenda of Kenyas government to combat terrorism is now the introduction of more security. The notion about safety is not confined to the citizens of Kenya alone but is extended to the tourist as well. For this purpose, government spending had to be diverted from productive investment designed to promote growth, eradicate poverty and sustain tourism development. ( ) Expenditure on high tech security equipment such as surveillance cameras, metal detectors and screening machines had to be implemented as strategies to counteract terrorism. Kenyas financial costs continued to escalate in aftermath of the terrorist attack as more funding was required for the cleanup, restoration and reconstruction of the infrastructure, buildings and other amenities destroyed in the blast including tourists facilities. As an illustration, Similarly, another expense incurred is that of extensive advertising to attract more and new tourists to Kenya. This strategy was employed to portray Kenya as a once again safe place and to neutralize the negative media attention received after the bombing. Apart from the above mentioned negative effects of terrorism on Kenyas tourism industry, some positive effects were identified. With the decrease in tourist arrivals to Kenya, domestic tourism was being promoted. Locals provided a portion of revenue needed to sustain some tourism businesses. Likewise, a new must see tourist attraction was developed. The August 7th Memorial Park was constructed on the site where the US Embassy was once situated. This memorial was built to commemorate the lives that were lost and represents a tribute to the courage of the several thousand others who have had to cope with permanent injury and/or the loss of loved ones. It is a place where people come to reflect, remember and relax. ( ) With regard to the Kenyas transit route region, terrorism is no exception. The airline industry was also hit hard after the terrorist attack on the US Embassy. Cancellation of flights Merging of airlines to survive Closure of some airlines Job cuts Loss of revenue Increase security surveillance Cruise ships no longer include Kenya on their route Increase cost of ticket to visit country with terrorism DISCUSSION ON KENYAS RESPONSE TO IMPACT OF TERRORISM (20 MARKS) There is a need for the development of an anti-terrorism legislation in Kenya: following the 1998 bombing of the US Embassy in Kenya the government recognized that there were no adequate measures in place to deal with such acts and therefore the need to develop and implement legislation to deal with terrorism was essential. According to Kenyas Counter Terrorism committee, the Government on two occasions made attempts to implement such laws with the Suppression of Terrorism Bill in 2003 and the Anti-Terrorism Bill in 2006 respectively. However, both bills failed to be introduced to parliament. (Google 2010) There is also a need for revamped management policies to be set in place for Kenyas border line and costal security control. (Google 2010) also stated that the need for heightened security is vital in these areas, for example: the border between Kenya and Somalia poses a great threat to Kenyan nationals and tourist due to fact that Somalia has been without a government of over sixteen years and is known to be politically unstable. This can be done by putting measures in place such as; heightened security checks for persons entering Kenya through Somalia, denial of entry for suspicious entrants and denial to unnecessary travelers especially during the peak tourist seasons. Proper execution of security in these areas may allow tourists to feel safer and therefore increase overall tourist visits to Kenya. The tourism board of Kenya could try to mitigate some of the negative impacts of the past terrorism attacks on the country by recreating a new image for the destination. Though terrorism would ultimately have a devastating impact on any country being affected, repositioning Kenya in the minds of tourists and other tourists destination by focusing on the positives rather than the negative aspects of terrorism can aid in the process of moving forward. An example of this is the use of the US Embassy bombing as a memorial site where locals and tourists can visit. There needs to be a crisis management portfolio that distinguishes terrorism from other forms of crisis. It should also outline in detail the measures that should be implemented before and after such a crisis. Then the portfolio should assist in painting a clear and clutter free process that should be followed after an act of terrorism to facilitate a timely recovery for Kenyas image. Because terrorism has so severely tarnished the image of Kenyas tourism product it is very crucial that only specified and highly qualified individuals should address the public and medias issues. Therefore, the portfolio will also outline all individuals that should be involved in this process with clearly defined roles and objectives. The tourism board of Kenya could try to mitigate some of the negative impacts of the past terrorism attacks on the country by creating a new image for the destination. Though terrorism would ultimately have a devastating impact on any country being affected, repositioning Kenya in the minds of tourists and other tourists destination by focusing on the positives rather than the negative aspects of terrorism can aid in the process of moving forward. An example of this is the use of the US Embassy bombing as a memorial site where locals and tourists can visit. With repositioning in mind the tourism board can also shift some of their attention to local tourist by packaging their offerings in such a way that would be attractive to the local population.

Midevial Cooking :: essays research papers fc

Cooking in the medieval times was performed on very big scale, and food was cheap and plentiful. Foreign goods had to be bought at the nearest large town. Food trade was a primary business. It was also a way of determining class. The nobles would eat meat, white bread, pastries, and drink wine. This sort of diet caused many health problems, such as skin troubles, digestive disorders, infections from decomposed proteins, scurvy, and tooth decay. A peasant would eat porridge, turnips, dark bread, and in the north they would drink beer or ale. Women were the expert cooks, and they seasoned their food heavily with pepper, cloves, garlic, cinnamon, vinegar, and wine. They paid close attention to the appearance of their meal. For instance, they might spread the feathers of a peacock that they are serving. Also, if a the eggs of a batter didn’t make it yellow enough, they would add saffron (saffron is orange of yellow powder obtained from the stigmas of the saffron flower). Meat was expensive, so it was considered a luxury. This made butchers prosperous. The most common and least expensive was sheep. They would also eat birds: gulls, herons, storks, swans, cranes, cormorants, and vultures, just to name a few. Animals were cut up immediately after killing and salted to be preserved. Most meat was boiled because it the animals were wild, and the meat was sure to be tough. Also, almonds were often cooked with the meat for flavor. Fish was also popular. Part of this was because the church required that you eat fish on Fridays. Fish was often cooked in ale. People spent more on bread and grain then anything else, even though England had a national bread tax, which fixed the price of bread. Pastries were expensive because sugar was an import. Because medical opinion advised that fruit shouldn’t be eaten raw, it was preserved in honey and cooked into pastries. Almonds were often cooked into pastries as well. Fruit was more wild back then than it is today, so it may have been more flavorful. Most people grew their own vegetables. Also, many people owned their own cow and made cheese with its milk. They would sell most of the cheese at the local market. Only gentleman had wine, which was often diluted with water or mixed with honey, ginger, or cinnamon to sweeten it. The only hot drink that they had in those days was mulled wine, and that was served only at festivities.

Globalization’s Side Effects

Globalization’s Side Effects May. 14. 2009 Discussing globalization’s side effects might not be appropriate without determining first what globalization is. Although everyone has his or her own definition and uses the term globalization in his or her own way, globalization can be defined generally as a condition in which cross-border movements of money, goods, thoughts, and even people have become much more available on a large scale. Despite globalization having provided people throughout the world with many benefits, it has caused negative impacts on their countries’ economies as well as serious concerns about their nationalities and identities, which globalization gradually erases. The primary adverse effect of globalization is that it destabilizes the foundation of the developing countries’ economies. After cross-border movements of money and goods had become much faster and easier, many cheap and well-made products have invaded the markets of emerging countries. As a result, many local products almost have disappeared because they simply can not rival the cheap prices and high qualities of foreign products. In Paracho, Mexico, for instance, things are getting worse. A Mexican traditional guitar maker complains that his village has lost its famous craft of building guitars because of the invasion of the cheap and well-made guitars from China (Campbell, 2004). Paracho is not only losing its famous craft, but also losing the smarter and more intelligent workers who are leaving it to seek better job opportunities in the Unite State of America. In fact, hundreds and hundreds of villages and cities, especially in developing countries, are losing their main industries in addition to their traditional crafts and therefore their people emigrate to avoid being jobless. The second adverse effect of globalization is that it is gradually erasing the differences between cultures. Needless to say, a culture is a set of values and assumptions that group of people hold, and what makes the differences between one nation and another is the variety of the differences between these values and these assumptions. People’s thoughts all over the world about what is stylish and fashionable are starting to converge. Today, everyone seems to have the same desire which is buying what the advertisements want them to buy. The more you buy, the more happiness you get (Rifkin, 2003). For some intellectuals, globalization is making people’s desire cheap. It replaces people’s high and noble thoughts such as building their countries and contributing to human development with the culture of consumerism instead. Although many people all over the world acknowledge that globalization has provided them with many benefits, they have a strong feeling that globalization is slowly but surely obliterating their culture and traditional way of living. (The Pew Global Attitude Project). In conclusion, there is no doubt about the benefits that people all over the world gain from globalization. However, it causes developing countries serious problems. People in those countries are not only losing their jobs, but also their identities. They have become consumers of goods that are made in other countries. Globalization indeed is a huge challenge that many societies face: some of them have successfully known how to cope with it, yet many of them, unfortunately, have not, and therefore they have become globalization’s victims