Essay on General Revelations of God - 1007 Words

A question that has perplexed humans through the ages is if we have the ability to reach God. The witness of Scripture and leading theologians attest that individuals have a limited knowledge of God through general revelation in the natural world. General revelation can provide valid knowledge that there is a God, which aids in the acceptance of special revelation. General revelation is an individuals ability to gain knowledge of God through his presence in the world. The knowledge we are able to gain through general revelation is limited. It doesnt bring salvation and tells very little about Gods character, but it can bring us knowledge of the existence of God. We are able to gain this knowledge of him because he is a Creator†¦show more content†¦Humans, unlike animals, have a sense of moral responsibility to do what is good (Guthrie, 42). It is more than a subjective sense of what is right and wrong, it is a understanding of justice and injustice. The presence of our conscience implies there is a moral standard. If there is a moral standard, then the standard had to be set by someone or something. An objective moral order is meaningless unless there is a Divine Being (Trueblood, Philosophy of Religion, 114). Aesthetics is another place a person can experience general revelation. Like our sense of morals, beauty is not subjec tive. It is something we discover. For example, music is random sounds but is based on scales. A musician has to learn about scales and chords before writing a song. If beauty is not something we create, but something we discover then there must be a set standard of what is beautiful. If there is a standard of beauty in the world, then there must be a Creator of the world. It is through the various forms of general revelation that individuals are able to learn certain aspects about the character of God and the purpose of human life. We can see this in other belief systems, theories, and ideas about life and the world that non-Christians hold to that are very similar to certain biblical teachings. Without any reference to Jesus, the Bible, or the Christian church, many philosophers, scientists, psychologists, artists, and followers of other religions haveShow MoreRelatedRevelations And Its Impact On Our Faith And Understanding Of God969 Words   |  4 Pages Reflecting on humanity in focus of general and specific revelation is eye opening to a believer walking closely with Christ. Revelations are the way God communicates with his people, not receiving that communication frequently can quench a relationship of any makeup. Reflecting on the lecture last week, revelations are a key part of theology. Enrolling in Christian Theology at the graduate level, is stretching my belief system at the core. When allowing the mind to approach theology with no predeterminedRead MoreEssay about Knowing God1371 Words   |  6 PagesRunning head: KNOWING GOD Knowing God Module 2 Essay Sheila D. White Grand Canyon University HTH 505 April 18, 2013 Knowing God: The Doctrine Of Revelation Theology is the instruction concerning God or the deliberation of God.(Grenz, 2000, p.2) It endeavors to disclose the identity of God, the habitation of God, and the character, origin, position and importance of God. Humans commonly acquire information in three ways: through their senses, through their logic/reasoning, and throughRead MoreGeneral And Special Revelation By Richard Dawkins930 Words   |  4 PagesGod created the heavens and the earth and everything in it. He shaped it all out of nothing. He breathed life into it. Everywhere we look, He reveals himself to us. He also reveals Himself to us as individuals and it is our responsibility to seek Him with our whole selves. These two different ways He reaches out to us are called general and special revelation. General Revelation God reveals himself to everyone throughout time by general revelation. He reveals himself through creation, throughRead MoreChristianity : A Delicate Delineation Between Faith And Reason1153 Words   |  5 Pagescharacter of God, and is thus viable to the Christian. They united Athens and Jerusalem, reason and faith. The interplay of faith and reason shines brightest through the work of Thomas Aquinas, who, like Augustine, believed faith and reason play an intertwined role in revealing truth. Aquinas’ understanding of the roles of faith and reason can be likened to a house. Reason provides the foundation. This foundation draws heavily from the Greek philosophers. Without special revelation from God, SocratesRead MoreTransformed World View Essay1581 Words   |  7 Pagesand 6 on page 152. Study Questions for Curtis, Chapter 8, Page 152 1. Consider the farmer in Isa. 28:23-29, whose God-given knowledge of farming techniques comes through general revelation. Have you ever experienced anything similar? Have you ever learned how to do something through tradition, observation, experimentation, but believe the lessons come ultimately from God? (INSERT ANSWER HERE) 6. A friend tells you that she is struggling because her sociology (or psychology, or physics)Read MoreThomas Paine s The Age Of Reason1666 Words   |  7 Pagescontemporary era more people do not identify with God and in turn have become more skeptical of God. This shift can be seen in Thomas Paine’s The Age of Reason; which is an excellent example of deism. Paine spares no detail on why he does not believe in the Bible and why he does not believe God is continually working in the world. Jonathan Edwards’ sermon, A Divine and Supernatural Light, on the other hand, adamantly believes in the Bible and that God is actively present in the world. Edwards’s providesRead MoreRevelation Is The Act And The Result Of God957 Words   |  4 PagesDefinition of Revelation (in Bibliology) Revelation is the act and the result of God by which HE communicates to man the truth concerning Himself in relation to His creatures, and conveys to man the knowledge of His will. It includes general revelation and special revelation. God has given His revelation progressively concerning Himself and His will in a variety of forms and media (Heb.1:1). The special revelation is recorded in the Old and New Testaments. The Sources of General Revelation 1) Nature-creationRead MoreThe Theology, Christology and Pneumatology of The Book of Revelation1741 Words   |  7 PagesThe Theology, Christology, and Pneumatology of the Book of Revelation are highly reflective of the social, political and religious context in which the book was written. Within the text, we find expressed the views of an author, and Christian community in general, challenged by the power and ideology of Rome, as well as having to re-imagine and re-comprehend their God, and divinity in general, in light of the revelation of Jesus Christ and the work of the Spirit among them. Before beginningRead MoreThe Belief Of The Doctrine Of Christianity1297 Words   |  6 Pagesas reflect on my own personal observations of the course matter. Revelation As human beings, we are on or own entirely incapable of knowing God. His ways and nature are beyond our minds comprehension. We come to know him through what he reveals of himself to us. There are several ways that He does this. The first is general revelation; Millard Erickson describes general revelation in his book Christian Theology as General revelation is most frequently thought of in connection with the amazing andRead MoreChristianity And The Nature Of God1420 Words   |  6 Pagesand the nature of God, one must have a foundation to rely upon. Both theology and our epistemological queries concerning God must be crafted from a source. Michael Bird in his Evangelical Theology notes that the prolegomena or things we say before saying anything about God must be predicated upon a critical source. This source is God’s Word and is revealed in multiple ways. If one is to conduct a Credo or apologetic stance of his Christian faith, this person ought to explain how God reveals Godself

Overcoming The Issues Over Immigration - 974 Words

Overcoming the Issues Over Immigration For many decades, immigration laws and reforms has become more and more complex due to the diverse impacts immigrants contribute in a society. Analyzing, comparing and contrasting the texts, â€Å"The Border† by Ross Douthat and Jenny Woodson, and â€Å"Obama’s Next Act: Immigration Reforms† by Chris Farrell, both texts address the issues dealing with illegal immigrants and their impacts to the economy by stating their claims, warrant, and evidences. Moreover, while Douthat and Woodson claims that illegal immigrants cause threats in the society, Chris Farrell successfully argues that immigrants are more likely to contribute in the economy rather than cause issues suggesting that amnesty and new reforms should be given to the millions of illegal immigrants. Comparing the texts, both works cover the topic of immigration. Both focus on the issues contributed by the millions of illegal immigrants in the United States. Both text agree that many immigrants view the United States as the land of opportunities. In the text â€Å"The Border†, the authors state that many illegal immigrants continue to â€Å"keep slipping through† the borders and are willingly to take risk because they believe that it will be worth it once they have started a new and better life (430). In a survey, the authors state that twenty-one percent of Mexicans interviewed say â€Å"they would come to United State immediately†¦even If they had to come illegally† (430). The survey proves thatShow MoreRelatedAmerica s Immigration System Is Broken1458 Words   |  6 Pages IMMIGRATION:- Immigration is the movement of people into another country or region to which they are not native in order to settle there, especially as permanent residents or future citizens. Immigrants are motivated to leave their countries for a variety of reasons, including a desire for economic prosperity, political issues, family reunification, escaping conflict or natural disaster, or simply the wish to change one’s surroundings. â€Å"Together we can build a fair, effective and common sense immigrationRead MoreThe Negligence Of The Case Drunk Driving933 Words   |  4 Pageshad come to an end. And in a way, it had. On April 7, 1997 I was thrown from the backseat passenger side of a Nissan Sentra onto the roadway of Old Town, Staten Island. I couldn’t recollect exactly what happened until I met with my lawyer who went over the details of a drunk driver hitting my car. During the deposition my attorney obtained information from me to prove the negligence of the defendant by claiming, the defendant negligent conduct in this case drunk driving was the cause of harm to myselfRead MoreA Program At Edmonds Community College1733 Words   |  7 Pagescultural identity and the burdens resulted from the negative racial stereotypes will become their obstacles in this pathway. The challenges on the pathway to citizenship and success were creating burdens on Holly, but still, she made her attempt in overcoming these obstacles. She tried to overcome the problem of choosing between assimilating or retaining ethnic identity by deciding to learn the culture of the Americans, while trying to maintain the tradition of her old culture through other activitiesRead MoreEssay on Ellis Island1698 Words   |  7 PagesOn December 31, 1890 a transition in history occured. New York City would start a new era in the history of the United States starting with the opening of Ellis Island as an immigration depo. This attracted many immigrants to the United Stated because of more job opportunities and as means to start a new life. As more immigrants came to America, it began to be known as the land of opportunities. Immigrants coming in filled work spaces in industries with the hopes of someday becoming successfulRead MoreForensic Social Work Practice With Immigrants An d Refugees1689 Words   |  7 PagesForensic social work practice with immigrants and refugees looks into the factors at play as to whether the immigration was forced or voluntary and offers support to the clients facing the legal system. This article will explore social work roles, theory, and practice with immigrant populations. Often times, the process of coming and staying here is impacted by trauma, grief, and isolation. With the goal of assisting newcomers with resettling and reestablishing their lives and unique identities withinRead MoreThe Government of Canada and Multiculturalism Essay examples1670 Words   |  7 Pagesâ€Å"Multiculturalism† entered public speech in the late 1960s and early 1970s in Canada that focused on unique cultural diversity, nationalities, and ethnicity across the nation. Multiculturalism and Immigration are important factors in the development of Canada to attain a strong multicultural example of economic stability, social and political g rowth which leads to the emergence of Canada’s identity and culture. The artefact design indicates the deep understanding of Canadian Multiculturalism whichRead MoreFinding Sharing Land With A Stranger1508 Words   |  7 Pagescoming from third world societies, especially if they are at the age of 10 to 12 when growing up, you were taught to be religiously conservative and you kind of already adjusted to that culture. One way to overcoming a culture shock is to attend an American school. Another great way of overcoming culture shock would be participating in sports such as football, baseball, and basketball. A lot of boys would play football during recess, as they grow up, most of them pay so much attention to the NFL, NHLRead MoreEssay On German Election1132 Words   |  5 Pagespopulous nation and is economically strong, so wherever this election leads to, changes are ahead. Both of the current leading parties agree Germany shouldn’t stand in accordance to some of the policies President Trump has been pursuing—such as his immigration and trade plans—and depending on who wins the rift between our nations may grow stronger. In order to understand the election that will occur, one has to understand the way Germany’s politics run. Germany’s political system is a Federal ParliamentaryRead MoreBeh 220 Applied Final Project1643 Words   |  7 PagesDiversity Consciousness is that it allows you to gain awareness of how your own culture shapes your views and ideologies about the world around you. Understanding how cultural impacts influence how we relate to one another, is the foundation to overcoming many social and economic barriers we face within society. My understanding of Diversity is no longer limited to race. Understanding the value of diversity provides the frame work for effective social and cultural interaction from the perspectiveRead MoreE Pluribus Unum : Out Of Many1102 Words   |  5 Pagesâ€Å"E pluribus unum - Out of many, one.† Coined by Virgil, this renowned statement was incorporated into United States history by Thomas Jeffers0n, who jointly wrote the Declaration of Independence. Such a statement represents an overcoming of political, social, and economic discord and the confluence of disparity in America today—a melting pot. However, the road to achieving this sense of unity was tumultuous and challenging, especially with the threat of dissonance amidst the plethora of mingling

American Dream or American Nightmare Free Essays

These days people don’t know whether to rent house or buy one, people once thought that their house was a an equity in which anytime they needed money for a bigger house, college tuition or for retirement. It is my strong opinion; living in these unstable and uncertain times, with an economy that has steadily spiraled downward in the recent past, do we need to wonder if; â€Å"The American Dream† has turned into the American nightmare? There are many considerations that need to be considered prior to making such a big decision on rent vs. buying. We will write a custom essay sample on American Dream or American Nightmare or any similar topic only for you Order Now Let’s begin with some of the pros and cons of renting. When someone rents a home or apartment they are not responsible for the added expense of repairs and maintenance, property taxes, or homeowners insurance, the three of these alone are very costly. It is easier to move as you please, of course with an ample amount of time of moving notification to landlord. We never know what life will throw our way as far as the little emergencies with health, transportation and job security, but at least one of those emergencies will not include unexpected household maintenance.A couple negative aspects of renting would be, if someone a property that wasn’t protected by the rent control and the landlord was able to consistently raise the rent. The next negative aspect would be, not building equity and credit. Although a person can still build credit, there’s nothing like home ownership for building credit. Buying has its many benefits as well. First of all, mentioned earlier, buying builds credit and equity.In Addition, people generally like to have property to pass down to future generations, so they can have that stability. We must bear in mind when owning a home, that the homeowner is responsible for maintenance and repairs, property taxes, homeowners insurance, and rising interest rates when not having a fixed loan. People need to educate themselves about different types of loans, prior to getting a loan, this is another reason many people have found themselves in a position of foreclosure.The final decision must be made by the individual and what their current and forecasted financial situation will be, with all things considered. In my final paper I plan to give statistics on how many homes have been foreclosed and how many people have ended up homeless in the order of most recent 2010 to the 1970’s. I have chosen this chronological order because in my opinion, people want to know information about whatâ€⠄¢s going on now first, and what changes have occurred to bring us to this point secondary. How to cite American Dream or American Nightmare, Papers

International Human Resource Understanding Brexit

Question: Discuss about the International Human Resource Understanding Brexit. Answer: With the passage of time for the Brexit decision, business leaders have progressed from the effect and are looking ahead to the future. It has been seen that UK business is flexible and will then concentrate on the ways to take advantage of the prospects that Brexit generates (Green, 2017). HR has a vital role to play in assisting in getting the leaders and the broader personnel energised and paying attention to the right concerns, and moreover in applying Brexit policy, where HR issues will be high amongst the realistic repercussions. Source: (Hbner, 2016) The HR manager at Melbourne would have to look at different aspects when relocating a manager to London. There might be issues with respect to dissimilarity among the laws and real practices (Ottaviano, 2015). The non understanding of a common language and terms might lead to confusion in the actual scenarios. The similar words in various languages and diverse implications, therefore the manager would have to be aware of different kinds of Documentation. After Brexit, there have been conflicts of interest at the time of collective bargaining regarding demands and claims like the hike in salaries or lessening of working hours. Conflicting interests are known as disputes (Life after Brexit, 2016). Because of Brexit, there have been various strategic changes and therefore the manager would also get affected by these at each phase (Davis, 2017). After Brexit, the MNC would require that different skills are available in new locations and thus HR manager has to make sure that the moving manager is trained to work in London.Due to Brexit, there has been a need for the UK authority to retract or redesign employment legislation that would have an impact on the manager moving to the London. IHRM needs a lot of extra practices, which are avoidable in a local circumstance. The common examples are the views of global taxation, repositioning and direction, managerial acts, host-government relationships and language transformation facilities. Taxation policies are different considerably from diverse nations. Such as, the tax assessment in developed nations like UK and Australia is up till 25% as per the worker's salary level, which is overpriced. On the other hand, in a few of the developing and less developed nations, the tax charge is quite lesser. For the local HRM, managers just have to keep in mind only one national taxation arrangement, yet in case of the move to London, there will be a need to know all the rules regarding global taxation. In a global scenario, the manager posted to London and other expatriates in the MNCs have to face the tax liabilities both in home nation and host nation (Kudrna, n.d.). As a consequence, international HR managers must keep the inter national taxation in mind, with its complex tax equalization strategies to guarantee that no tax benefits or losses are there in relocating the manager to London. In the meantime, IHRM needs consideration to find the resolution for potential issues in the global transfer and orientation exercises, for example making arrangements for pre-departure guidance, offering accommodation, recreation, medicinal care and immigration details, and finalization of the reimbursement information (Leggett, 2013). HR division and HR manager also has to give managerial services for example getting hold of of visas and work consents for the person who will have to go to London. The HR manager must maintain the rapport with significant government bureaucrats. Actually, host-government relationships are an significant movement in MNCs, particularly after Brexit. For instance, the international HR managers should take care that they follow the rules and regulations that have been commanded by the governme nt of the host nation. An additional doing in IHRM is offering of language conversion facilities for emigrants whenever they need the same. The international HR manager has to coordinate various strategies so that the employees from diverse cultural backgrounds can be managed easily (Kwm.com, 2017). Culture is a vital aspect in HRM since there might be conflicting situations. One more issue that might be experienced by the moving manager is the cultural shock like emotional embarrassment and well-built wish to come back to one's home nation which allows the expat not capable to change expressively to a new cultural situation. As a result, it will have an effect on the performance of workers. Hence, assisting expatriates to arrange working and livelihood in a new cultural situation turn out to be a significant act for HR division (Taksa, 2017). Similarities among domestic (local) HRM and international HRM are referred to the chief exercises and acts, which usually involve the HR plan, enrolment, staffing, training and development, people management, performance appraisal, reimbursement, industrial relationships and drivin g force. On the other hand, differences among the two are chiefly because of the difficulty of functioning in quite a lot of nations and having diverse cultural environment workers. The complication caught up in extra human resource acts, broader viewpoint, and further interest of workers individual lives, personnel mix, risk disclosure and extra exterior impacts. Taking an example of benefits, England has much more security and authorizations that lengthen to the private sector. Excluding a few inadequate exemptions in a few States and in corporations law, whistle-blowing safety in Australia is usually restricted to the public sector. Australian employers must not take adverse action against employees, prospective employees and contractors as a result of their having, exercising or proposing to exercise a workplace right. Unfavourable action comprises dismissing a worker, injuring him, destructively adjusting his situation or discriminating in opposition to him. A workplace right c omprises some privilege in a reward, contract or place of work regulation, or being capable of instigate events beneath a agency regulations or to file a grievance or investigation relative to employment. Moreover, there is an overturn burden of proof resembling that related in UK favouritism claims, whereby the owner should demonstrate that some adverse act was not taken owing to a workplace privileges. Significantly, there is no qualifying phase or utmost earnings threshold required to fetch an unfavourable action claim, reimbursement is unrestricted and, excluding in a few situations, is a no expenditure influence. As a result, undesirable action claims are turning out to be gradually more well-liked and give a helpful treatment for high salaried workers. Dowling's Model is useful for distinguishing the IHRM and domestic HRM. Over and above the involvedness of working in a multinational situation, four different factors also have to be considered. These are: Cultural surroundings, Kinds of industry, Degree of dependence on domestic market, and Behaviour of senior management (Waddington, 2016). It is suggested that HR managers in the given MNC has to concentrate on the dealings of diverse cultural mind-sets and social principles, issues related with the dissimilarity among lawful and economic in addition to diverse learning techniques because of social and cultural disparities.Top of FormBottom of Form In all of the regions there is indication which shows that employment relationships have a substantial effect. The complete and comparative levels of salaries are key determinants of deficiency, inequity and disparity and, together with the period, distribution and flexibility of operational time, have significant inferences for work-life and family balancing. The kind of business firm particularly, the degree to which it allows control on demand and persuades self-sufficiency and managerial has insightful repercussions for both wellbeing and personal growth prospects. in the same way, the degree to which the firm supports the information/knowledge sharing and collaboration/team work has an impact on the performance and efficiency. Similarly the HR policies and practices will have an effect on the employee- employer relations. The kind and degree of employment safety and worker voice would be low and thus the levels of confidence will also lessen. However, after Brexit the situation has improved because now the Australians would be capable of living and getting employment in the UK more effortlessly because after Brexit, there has been adoption of the Australian points-based scheme. Earlier the Australians were deported as of the UK in case they earned less than 35,000 ($70,000) per annum, and that doesnt hold good after Brexit. International reimbursement arrangements are additional difficulties faced by IHRM that needs global discussion and alliance. The appropriate approach after the collection of the most excellent reimbursement activities has to be fetched for setting up the corporate policy that can be utilised by the subsidiaries.Finally, control over the worldwide health and security are remaining challenges that IHRM face. It is important to cope up with health and safety activities and rules that differ from Melbourne to London. References Green, A. D. (2017). Brexit. 1st ed. [S.l.]: Oxford Univ Press. Davis, A. (2017). Brexit could give Australians easier access to living in the UK. [online] Mail Online. Available at: https://www.dailymail.co.uk/news/article-3620851/Brexit-make-easier-Australians-UK.html [Accessed 3 Apr. 2017]. Hbner, K. (2016). Understanding Brexit. European Policy Analysis. Kudrna, Z. (n.d.). The EU's Capital Markets Union. 1st ed. Kwm.com. (2017). KWM | Working after Brexit: How would employment change?. [online] Available at: https://www.kwm.com/en/uk/knowledge/insights/working-after-brexit-how-would-employment-change-20160322 [Accessed 3 Apr. 2017]. Leggett, C. (2013). Greg Bamber, Russell Lansbury and Nick Wailes (eds) International and Comparative Employment Relations: Globalisation and Change. Journal of Industrial Relations, 55(1), pp.161-163. Life after Brexit. (2016). Nature Photonics, 10(8), pp.497-497. Ottaviano, G. (2015). Offshoring and the migration of jobs. IZA World of Labor. Taksa, L. (2017). Greg J Bamber, Russell D Lansbury, Nick Wailes and Chris F Wright (eds), International and Comparative Employment Relations: National Regulation, Global Changes, 6th editionBamberGreg J, LansburyRussell D, WailesNick and WrightChris F (eds), International and Comparative Employment Relations: National Regulation, Global Changes, 6th edition, Crows Nest: Allen Unwin, 2016; 448 pp., ISBN 9781760110291, $A55 (pbk). Journal of Industrial Relations, 59(1), pp.108-110. Waddington, J. (2016). Employment relations in the United Kingdom, in GJ Bamber, RD Lansbury, N Wailes CF Wright (eds), International and comparative employment relations:National regulation, global changes, 6th edn, Allen Unwin, Crows Nest, CQUniversity Course Resources Online (HRMT20025).

Emerson And Feudalism Essays - Feudalism, Examples Of Feudalism

Emerson And Feudalism "America was opened after the feudal mischief was spent, and so the people made a good start." Was Ralph Waldo Emerson correct in that assertion? Why or why not? ? How were a person's rights and responsibilities determined in the feudal era? How are a person's rights and responsibilities determined in the United States today? ? What evidence is there in the U.S. Constitution that Americans rejected or accepted beliefs that were commonly held in the feudal era? To begin to fully understand what Emerson really meant in his speech from Boston's Old South Church, we must break it down. First, when Emerson speaks of the feudal mischief being spent, he means that the peak of the feudal era has passed in Europe when the colonists began to arrive in North America. In the second half Emerson asserts that because the colonists came over to America to build their own governments, without the influence of feudalism. These governments, free of feudalism, were an indication to Emerson that the colonists had made "a good start." While Emerson was right in the assertion that America made a start free of feudalism in the early stages of the colonies, he was incorrect in assuming that America would never experience "feudal mischief" again. A resurgence of feudalism by King George in later years caused the colonists to revolt. Until 1763, the colonies existed in a state of salutary neglect, where the King and Parliament relatively ignored the colonies, allowing self-government. After 1763, England decided to enforce a policy of mercantilism, in which the mother country protected the colonies in exchange for exclusive trading rights. New legislation like the Stamp, Tea, and Quartering Acts eerily reminded the colonists of feudalism because their rights were being limited and they didn't have a voice in their government. As Adam Sandler said, "Man does not know he is free until he has been in chains." But the resemblance to feudalism in the later colonial era did not end with the revolution. In fact, there is evidence that aspects of feudalism survived in the United States Constitution. When the colonists came to America, they created a radically different government than the one they left behind in England. Though feudalism had waned by the 12th century, England was still left with vestiges of the feudal system, such as the rigid class system. In America, the colonists were allowed to build their own society from a state of nature, destroying the societal barriers that existed in their homeland. However, the "feudal mischief" of which Emerson speaks was not over when ak similar to the vassal to lord relationship of the feudal system. When the colonies were founded, they operated under a mercantilist policy with England. Under this policy, all raw materials and resources of the colonies went without question to England, where they were manufactured into goods and sent back to the colonies. The colonists had no representation in England, and England had supreme power over the colonies and also had the duty of protecting those colonies from attack. This is nearly identical to the feudal system. However, England abandoned the practice of feudalism during the reign of King George, who followed a policy of salutary neglect. During this time the colonies were left to govern themselves. Then with the Proclamation of 1763, the king reasserted his feudal power over the colonists by restricting them to the land east of the Appalachian Mountains. This was followed by other laws that took away the powers that the colonists were used to having, such as the Intolerable Acts and the suspension of habeas corpus. This resurgence of feudal power caused the colonists, who had been practicing self-government, to rebel against England. Therefore, in a way the existence of feudalism caused America to be its own nation. The problem of feudalism was that it took away too many of the colonists rights. In the feudal system, the rights and responsibilities of the peasants and lords are clearly laid out. Similar to the early mercantilist system of the colonies, the peasants in a feudal system are required to serve their lord in a militia, and they are required to pay tribute to their lord. In England, this tribute was usually paid with the best of a peasant's crops. The peasant consents to being governed by the lord, who in turn has absolute power over the peasants, but also the duty to protect their peasants' lives. The American system of government differs greatly from the concept of feudalism in that the citizens of

What Is the Power Set

What Is the Power Set One question in set theory is whether a set is a subset of another set. A subset of A is a set which is formed by using some of the elements from the set A. In order for B to be a subset of A, every element of B must also be an element of A. Every set has several subsets. Sometimes it is desirable to know all of the subsets that are possible. A construction known as the power set helps in this endeavor. The power set of the set A is a set with elements that are also sets. This power set formed by including all of the subsets of a given set A. Example 1 We will consider two examples of power sets. For the first, if we begin with the set A {1, 2, 3}, then what is the power set? We continue by listing all of the subsets of A. The empty set is a subset of A. Indeed the empty set is a subset of every set. This is the only subset with no elements of A.The sets {1}, {2}, {3} are the only subsets of A with one element.The sets {1, 2}, {1, 3}, {2, 3} are the only subsets of A with two elements.Every set is a subset of itself. Thus A {1, 2, 3} is a subset of A. This is the only subset with three elements. A A A Example 2 For the second example, we will consider the power set of B {1, 2, 3, 4}. Much of what we said above is similar, if not identical now: The empty set and B are both subsets.Since there are four elements of B, there are four subsets with one element: {1}, {2}, {3}, {4}.Since every subset of three elements can be formed by eliminating one element from B and there are four elements, there are four such subsets: {1, 2, 3}, {1, 2, 4}, {1, 3, 4}, {2, 3, 4}.It remains to determine the subsets with two elements. We are forming a subset of two elements chosen from a set of 4. This is a combination and there are C (4, 2 ) 6 of these combinations. The subsets are: {1, 2}, {1, 3}, {1, 4}, {2, 3}, {2, 4}, {3, 4}. B B Notation There are two ways that the power set of a set A is denoted. One way to denote this is use the symbol P( A), where sometimes this letter P is written with a stylized script. Another notation for the power set of A is 2A. This notation is used to connect the power set to the number of elements in the power set. Size of the Power Set We will examine this notation further. If A is a finite set with n elements, then its power set P( A ) will have 2n elements. If we are working with an infinite set, then it is not helpful to think of 2n elements. However, a theorem of Cantor tells us that the cardinality of a set and its power set cannot be the same. It was an open question in mathematics whether the cardinality of the power set of a countably infinite set matches the cardinality of the reals. The resolution of this question is quite technical, but says that we may choose to make this identification of cardinalities or not. Both lead to a consistent mathematical theory. Power Sets in Probability The subject of probability is based upon set theory. Instead of referring to universal sets and subsets, we instead talk about sample spaces and events. Sometimes when working with a sample space, we wish to determine the events of that sample space. The power set of the sample space that we have will give us all possible events.

Bartonella henselae Research Paper Example | Topics and Well Written Essays - 1000 words

Bartonella henselae - Research Paper Example B. Henselae comes from the rickettsiaceae family and has been identified as a gram negative bacterium. The Gimemez staining procedure has served to be the most appropriate method. It is a bacilliform bacterium which has a curved shape along with a length of up to 2 microns and a diameter of up to 0.6 microns. The bacterium possesses the capability of growth outside cells. An interesting characteristic is that the pathologies resulting from the bacterium result mainly in the seasons of autumn and winter. This is believed to occur due to the breeding season of the cats and owing to the fact that cats are kept inside the house during the cold seasons. This raises the suseptibility of the bacterium to infect the human beings. The severities of the pathological conditions that affect the individuals differ according to the immune status of the patient (Acha et al 2003; Feigin 2004; McCue et al 2007). This paper will serve to analyze the prevalence of the bacterium accompanied with the dis eases that result due to the bacterium. Furthermore, it will highlight the diagnostic techniques that assist in identifying the bacterium along with the appropriate treatment modalities for the pathologies. Body: The epidemiological patterns for B. Henselae are not known for all the diseases. But, Cat Scratch Disease which is the most common pathology occurring due to B. Henselae occurs throughout the world and there is no predisposition for selective geographic areas. According to the Centers for Disease Control and Prevention in the United States, there are 24000 people who contract the disease every year. 2000 people need to be admitted in the hospital because of the problem. The disease affects the younger age groups more mostly due to the increased contact with the cats. The cats become infected with the bacterium owing to bites by fleas and ticks. It has been analyzed that locations with greater fleas tend to show more cases of cat scratch disease owing to the higher infectivi ty of cats. Furthermore, it is also seen that a few dogs may also become infected with the bacterium (Fiegin 2004; Yanoff et al 2008). The bacterium infects the human beings owing to contact with the cats. This has been demonstrated to be true in 90 percent of cases. This may occur due to being bitten by the cat or by being scratched or licked by the cat (McCue 2007). The cat scratch disease that results due to this mainly comprises of pathologies of the lymph nodes associated with raised temperature and lethargy. The first sign is the formation of a papule. The incubation period of the disease is 3 to 5 days. This pathology results mainly in patients who have a competent immune system. The disease is not very severe but in some cases it may extend to infect other organs owing to the systemic spread of bacterium. The disease may present with serious problems including enlargement of the spleen, inflammation of the liver as well as pneumonia (McCue et al 2007; Wilson et al 2002; Yano ff et al 2008). Bacillary angiomatosis is another pathological condition which results due to the bacterium B. Henselae in which there is the formation of vascular lesions on the skin, lymph nodes, brain and the bones. These lesions consist of bacteria and this pathological state mainly develops in the patients who suffer from AIDS. This is owing to their low immune competency. If the bacterium enters the circulation, the patients present with

Explains how Corporate takeover is influenced by corporate environment Essay

Explains how Corporate takeover is influenced by corporate environment - Essay Example Corporate greed has been studied to be an important cause for merger and acquisitions. Since the prime objective of every firm is to maximize the profit, the corporations in greed want to acquire other competing firms. Thus through merger market competition can be eliminated. Moreover it is generally assumed that the larger firms are in a position of enjoying cost efficiency and hence economies of scale. Thus merger can be the result of the firm’s desire of enjoying economies of scale through the acquisition of other small firms of the market. The company, which is being taken over by the parent company through merger, is known as the ‘subsidiary company’. Accomplishment of the corporate amalgamations can be done in three different ways, by consolidation, by acquisition or by pooling of interests. Pooling of interest is often called a tax-free merger and is generally accomplished by swap of common stocks at specified ratios. Acquisition on the other hand consists of the purchase of assets of one company by the other at a given price and the shareholders of the targeted company need to surrender their stocks. For example the merger of the Wrigley and Mars Company had been finalized in a deal of 23 billion dollars in which Mars announced to acquire Wrigley after being approved by both the companies. The shareholders of Wrigley thus need to surrender their stocks receiving 80 dollars for each of their shares. Thus the targeted company remained to a ‘stand alone separate subsidiary of Mars’. Consolidation is another process of corporate combinations. This process involves the formation of a separate entity by dissolving both the companies. The new stocks of the consolidated firms are issued to the existing shareholders of both the individual companies. (Hoskisson, Hitt and Ireland, 102-103; Sorkin; Mullins) Takeovers can influence corporate environment if the takeover is hostile. There are generally four types of takeovers. These ar e strategic, defensive, growth and financial. In a strategic takeover, the acquiring firm tries to target the much-developed product of the firm that is to be acquired. This product is in the form of either services or any intellectual property. In a defensive takeover, the acquiring firm tries to sell the assets of the acquired firm in the market after buying them from the targeted firm. In a growth takeover strategy, the acquiring firm targets to acquire such a firm that has high growth potential. The acquiring firm markets the products of the targeted firm by utilizing own sales and distribution channels. In a financial takeover strategy, the acquiring firm is generally interested in a financially sound firm. Sometimes acquiring firms can take interest in firms that are financially weak. This is done in order to offset the tax liability. There can be various reasons for which a merger takes place. Firms acquire other firms to increase their market share. A firm gains larger marke t share when it gives tough competition to other firms in terms of lower production costs as well as higher sales costs. Market power mainly depends on the size of the firm and the market share it covers. The results of these acquisitions are big firms, which in turn create economies of scales. Sometimes acquisitions are means to raise funds. (Hoskisson, Hitt and Ireland, pp 245) Culture Differences Organizational values are noticed through emotional

Position Statements Essay Example | Topics and Well Written Essays - 250 words

Position Statements - Essay Example In fact, there is a very simple test to check whether there group is a team or not. If there is at least one common objective that can only be accomplished by the joint efforts of all people involved then that group is a team (Hardingham, 1998). On the other hand if we dig deep down in a technical aspect, if there is only one person accountable for the objectives that a group of people is working to achieve by joining efforts, then that cluster of people cannot be regarded as a team. That is a group. But it doesn’t mean this structure is less efficient or less effective than a team (Parker, 2003). But the more important question than the definition of group or team is the direction of these collections of individuals. Where are they heading? It is a common misconception that forming only a team will help increase the efficiency, if there is no specific purpose to bring together people, either as a group or as a team it is not going to serve the purpose. Another misapprehension is that only companies and giant corporate have mission and vision statements. An effective team is like a small dense company model that takes care of the mission it is given and acts under a team or group leader who recognizes the potential and individual abilities of team/group members. That is how a team work or a group is defined which amazingly a small number of people

The Tyre Industry Sector

The Tyre Industry Sector Tyres and tubes, the strategic rubber products and basic supplements to the automotive vehicles are of most importance to the countrys economy. The tyre industry sector is providing direct employment to over 40,000 people and indirect employment to lakhs of people. This industry sector is now being considered as a core industry sector. The manufacturing of automobile tyres as an essential ancillary for the development of automobile sector came into being in India during the 1930s when the Dunlop India Ltd., the first tyre manufacturing transnational company started its operation in 1935 at Sahaganj in West Bengal. During the early period the overseas tyre manufacturing companies were having major equity participation in the Indian manufacturing companies. After 1970s there was a change in the policy of Government and it decided not to sanction any foreign equity The setting up of joint sector projects with multiple foreign collaboration was considered feasible. At present 11 large companies with 15 factories and 9 medium-scale companies scattered all over India are manufacturing tyres and tubes for automotive vehicles including aero tyres and tyres for defence services. As estimated, their total production during 1987 was 128 lakhs tyres against the total installed capacity of 179.44 lakhs tyres. The interesting feature of the tyre industry in India is that starting from its inception to the present day its progress has been influenced by repeated import of technical collaborations. There is an urgent need to build up indigenous capabilities for tyre technology including the tyre machinery. within view of this, it was opinion desirable to carry out the review of at hand status of this industry and to identify and analyze the critical inputs required for absorption and up gradation of imported technology. The DSIR has introduce a system National Register of Foreign Collaborations Which imagine check and analysis of imported technologies in the country also suggest measures for appropriate choice, acquisition and implementation of foreign know-how. The main objectives of this plan are Undertake financial, economic and legal analysis of set of data on foreign collaborations. Carry out a technology analysis of the imported machinery and provide state of the art machinery in use in the country and status of execution of alliance Provide the basis for National Science strategy wherever possible. In the long run lead to unpack aging of imported technology and in generation of national strength in competitively purchase only certain components of machinery. Coordinate with department of Industry, Commerce and Finance etc. by provided that machinery data input. Facilitate more efficient countrywide contribution with various organizations such as UNCTAD, UNIDO, and ESCAP etc. and in the global switch over of information and co-operation with current developing country the three reports has been ready under National Register of Foreign alliance to review the Tyre Industry in India. 1.6 The In-house RD units in industry are advantageously located to absorb and get improved upon the import machinery. Equipment invention in the Indian tyre industry has witness a fair total of expertise and adaptability to absorb, settle in and adapt worldwide technology to suit Indian conditions. This is reflecting in the swift technology progression from cotton (reinforcement) carcass to high-performance radial tyres in a distance of four decades. Globalization has lead to the concerning of the economy of all the nations and so key Indian company in the tyre industry are pursuing global strategy to improve their competitiveness in global markets. There section mostly undertakes an impression of the Indian tyre industry through an overview of the Indian examination of its expansion trends with respect to manufacture exports and acquisition of technical capability. EVOLUTION OF THE INDUSTRY Phase Period Characteristics Policy Regime 1 1920-35 Negative domestic production. Demand met in the course of imports. Key company included Dunlop, Firestone Goodyear. moderate import 2 1936-60 Home production begins by erstwhile trade companies: Dunlop, Firestone, and Goodyear with India Tyre Rubber Company. Burden of traiff also non traiff barrier on import. 3 1961-74 Indian companies-MRF, most important Incheck- enter modern quarter with foreign technology; license of bonus production capacity. Regulation on capacity expansion and repatriation of profits of distant companies; enforcement of export obligation on MNC; protection from external competition 4 1975 -1991 Entry of large Indian business houses like Singhania Modi technical collaborations with MNCs, introduction of radial tyres, vertical integration and exponential growth in tyre production exports Delicensing of production, placing of imports under OGL with tariff non-tariff barriers 5 1992 onwards Outside trade liberalization decrease in trade in duty; re-entry of MNCs also separately or in teamwork with Indian capital. Progressive reduction in introduce duty; liberalized imports Cars Radial Tyre Bias Tyre Two Wheeler Motor Bike Front Motor Bike Rear Scooter Front Scooter Rear Truck, Buses Farm Service Tractor Rear Tractor Front Fork Industrial Light Commercial Vehicle Radial Tyre Bias Tyre Heavy commercial vehicles insufficient public transport system, especially in the semi-urban and rural area better availability of inexpensive consumer finance in the past 3-4 years; Increase availability of fuel-efficient and low-maintenance models. rising urbanization, which creates a need for personal transportation; change in the demographic profile; climate and road constructions stable increase in per capita earnings over the history five years; and Increasing figure of model with changed kind to satisfy various customers wants. Price: Price, in many cases, is probable to be the most primary determinant of demand since its frequently the initial thing that people think about when decide how much of an item to buy. The vast popular of goods and services obey what economists call the law of demand- that, everyone else being equal, the amount demanded of an thing decrease when the price increase and vice versa. (There are some exceptions to this rule, but they are few and far between) Income targeted people: Different companies target their target customer group according to their income group and thus the total demand is determine according to income group. In tyre product demand derived from the automobile products. So highest demand growth in two wheeler segment compare another segmement. Promotional Scheme Different companies provide different promotional scheme to push-up their sales and attract the customer. In case of some special schemes like the 0% interest and low down payment scheme. Sales of increased by up to 70% of total sales. Sales pattern throughout the year There was consent at the opinion that there is a slump in June, July and August and also during the second half of December. At the time of festivals, especially Dusshera and Diwali or at the time of the marriage season the sales are high. The reason given for slump were In summers, people generally go for summer tours and spend a lot of money so they postpone their purchases. Because of religious reasons (Shraddh) in the month of August. People dont prefer to purchase vehicles during the rainy season. Demographics: It is clear that high population of India has been one of the key reasons for vast volume of automobile industry in India. Factors that may be expanding demand include increasing population and an increasing proportion of young persons in the population that will be more inclined to use and return car. Also, increase in people with lesser dependence on fixed only family income structure is likely to add value to vehicle demand. Price of Fuel Movement in oil prices also have an contact on demand for huge car in India. During period of high fuel cost as skilled in 2007 and first -half of 2008, demand for huge car decline in favour of smaller, more fuel efficient vehicle. The change patterns in customer preference for smaller more fuel capable vehicle led to the launch of Tata Motors Nano one of worlds smallest and cheapest. NAME OF COMPANY MARKET SHARE MRF TYRES 22% APOLLO TYRE 21.7% J K TYRE 20% CEAT 13% KESORAM INDUSTRIES 6% DUNLOP 3% FALCON 2% TCIL 1.5% MODI RUBBER 12.4 GOOD YEAR 7% Remaining 5 % of share by other player. MADRAS RUBBER FACTORY Popularly known as MRF, is a major tyre manufacturing company situated in Chennai, Tamil Nadu, and India. MRF makes all types of tyres from auto to sedan, prejudice to radial and tubes and conveyor belts. It is Indias main tyre manufacturing company and among the dozen major worldwide. It exports to more than 65 countries. MRF is the sister related of the leading malayalam daily Malayala Manorama.The creator of the MRF, Mr.K.M.Mammen Mappilai was the brother of late Mr.K.M.Mathew, ex-chief editor of Malayala Manorama. MRF become the opening Indian company to export tyres to USA the very home of tyre technology. Sales crossed INR two billion. MRF tyres were the first tyres selected for fitment on the Maruti Suzuki 800 Indias first small, modern car. Apollo Tyre Apollo Tyres Ltd is the worlds 15th biggest tyre producer with annual consolidate income of Rs 121.5 billion (US$ 2.5 billion) in 2011. It was found in 1976. Its first plant was specially made in Perambra, Kerala. In 2006 the corporation acquired Dunlop Tyres International of South Africa. The company now has four manufacturing unit in India, two in South Africa, two in Zimbabwe and 1 in Netherlands. It has a system of over 4,000 dealerships in India, of which over 2,500 are select outlets. In South Africa, it has over 900 dealerships, of which 190 are Dunlop Accredited Dealers. It gets 59% of its income from India, 28% from Europe and 13% from Africa. It is planning to become the 10th biggest tyre manufacturer in the global with annual revenues of $6 billion by 2016. Ceat Tyre On top of the road since 1958, CEAT has run up to be one of the best tyre manufacturers in the industry. CEAT not only make trailblazing tyres, but also marketplace tubes and flaps. And thats not all. At CEAT represent our selling tough yet even secure yet set to look at the undaunted. CEAT are young and revving to go; with an old age that come with years of market turnout More than 3500 Cr yearly return and signal list of customers and OEMs, a diversity of award and license are info so as to could talk for Company but CEAT rather burn the road with our show. CEAT think that tyres are not just accessories they are the force that moves your aspirations. in means of us you get to choose from a broad variety of tyres that costume your wants and vehicle kind (Not to mention, radials are racers in the global market might is one of the mainly significant quality of goods which complement solid foundation as a part of RPG enterprise Company commitment to quality ensures that you have a safe ride, always. So go on, defy destiny. J.K Tyre J.K. Tyre has been at the forefront of the radial revolution in India. Since inception, J.K Tyre has been frequently release high excellence technology products, which have withstand the examination of time. It is our beliefs to incessantly expect and appreciate the customer needs convert them into presentation principles for our goods and military and meet these standards every time. The Goodyear Tire Rubber Company Goodyears attendance in India is over 89 years old, with two plants, one each in Ballabgarh and Aurangabad. In the passenger car section Goodyear India provisions tyres to a lot of of the chief Original tools Manufacturers. Goodyear India has also been a lead the way in introduces tubeless radial tyres in this section. In the ranch segment in India, Goodyear tyres are supplied to all the main tractor companies. In 2010/11, Goodyear India was awarded the Super brand status. Industry has one of the largest distribution networks in India. It has divided the Indian sub continent into various regions and has set up a Regional Office for each region. By individual company. Clearing and forwarding agents (CFAs) are attached to them. Often the larger regions have 2 or3 or more CFAs to cover the region properly. The total number of CFAs across the country is 1102. Factory DDC RDC CFA DEALER Industry has three level distribution structures. The factory supplies goods to the RDCs (Regional Distribution Centres) and from these RDCs the goods are transferred to CFAs (Carrying and Forwarding Agents.) Which act as godowns for distribution to the dealers there is only one DDC RDCs are the mother godowns for storage of goods. The tyres, tubes and flaps are transported to these from factories. The set is formed at RDCs and strapped. The tube is inflated before transportation to RDCs. The Dispatch challans are issued to the transporters. In some cases, the RDCs are required to supply the goods directly to the dealers and invoice them in the required format. Ceat has recently shifted from the DDC structure wherein it had 7 DDCs to the RDC structure, however this structure is proving inefficient from the operating cost point of view. The inventory cost has shot up and availability has suffered. The amount of safety stock in the system has also gone up. Hence Ceat is about to shift back to the DDC structure over a one year period. CFAs are the smaller godowns which pull the goods from the RDCs. They transfer the goods to the dealers and an invoice needs to be generated. The CFAs pull the goods from RDCs according to demand. These CFAs distribute the goods to th e dealers Tubes and flaps sourcing units Tyre sourcing unit Factory RDC RDC CFA CFA CFA CFA DEALER DEALER DEALER Key Issues of Industry High tax usage The high tax content on tyres can be gauged from the fact that the proportion of total tax to the tax disqualified price for various category of tyres is 44% for Truck Tyre; 41% for Passenger Car Radial Tyre, 35% for Tractor Rear Tyre and 76% for Truck Tyre Tube. Radialization in the Commercial Vehicle Segment Indian Tyre Industry hitherto is predominantly a cross ply/bias tyre manufacturing industry, particularly in the commercial vehicle segment (truck, bus, LCV) whereas in the developed countries Radialization level is much higher. In comparison to normal (Bias) tyres, Radial tyres offer higher life/mileage, lower fuel consumption, improved safety and ride quality and several other benefits. However, the initial cost of a radial tyre is approx. 25% higher though on a cost per kilometre (CPK) basis, radial tyre gives higher benefits Embossing of Maximum Price (MRP) on Truck/Bus Tyres In February, 1988, as per a directive of the Ministry of Industry, Embossing of MRP on truck and bus tyres was started. This was based on the recommendations of the Committee on Tyre Industry (1984, known as Satyapal Committee). In the last over 15 years, the economic scenario has undergone a sea change with liberalization, removal Major raw-materials of tyre industry (Natural Rubber and of controls and free global trade in most items. Tyre Industry is also delicensed. Petroleum based materials) undergo wide fluctuations in prices. In such a dynamic scenario, it is a not practical to emboss the price on tyres due to market dynamics Used Tyre Developed and industrialized countries are facing a monumental problem in disposal of used tyres. Hence, developing and high tyre consumption countries like India are being looked upon as a dumping ground for used tyres several countries have banned or imposed severe restriction on price. (For assessment of Customs Duty) in 1997. Till recently, floor price mechanism was effective in restricting imports. Import of used tyres. In India, Government introduced .floor However; of late the volume of used tyre imports (in circumvention) of the floor price has increased significantly. Automotive Industry Standards (Ais) All large tyre companies had voluntarily taken BIS (Bureau of Indian Standards) certification. In addition, Government has proposed Automotive Industry Standards AIS) which are essentially. Safety standards. And applicable to tyre industry also. Government support for promoting Made in India. Brand for Tyres Indian tyre industry is facing intense competition from China and other South East Asian countries in tyre exports to other Though the quality of Indian tyres is better and has wider acceptance, due to cheaper pricing, higher volumes and aided by Government support and subsidies, Chinese tyres are cutting into the share of Indian tyre exports. There is a need to promote India Brand for tyres as one which spells quality and higher standards. Countries There are a need to promote India Brand for tyres as one which spells quality and higher standards. Trends of Industry Emergence of tubeless tyre market There is no tube in a tubeless tyre. The tyre and the rim of the helm form a sealed box to seal the air as the tubeless tyre has an inner lining of resistant halo butyl. The valve is straight mounted on the rim. If a tubeless tyre gets puncture air escape only during the hole created by the nail, thus charitable substantial time between a stab and a flat tyre. Players focusing on radial tyres By means of only radial cords, a radial tire would not be sufficiently rigid at the contact by means of the ground. To put in extra stiffness, the entire tire is bordered by extra belts so as to be orient closer to the way of travel, other than typically at some spiral angle. These belts can be made of steel (therefore the term steel-belted radial), Polyester, or Aramid fibers such as Twaron and Kevlar. In this way, squat radial tires break up the tire carcass into two separate systems: The radial cords in the sidewall allow it to act like a spring, giving flexibility and ride comfort. The rigid steel belts reinforce the tread region, connote far above the ground mileage and performance. Every system can then be individually optimized for best performance Re-treading of tyres One more area of worry for the tyre manufacturers are the rising retreading, where the worn out trample of the aged tyre is replace with a new tread. Retreading expenses regarding 20% of a novel tyre and is so accomplishment hold of popularity, mostly in Southern part of the country. Elgi Tyres and Tread Ltd are the two major ret readers in India. Meaning of such retreaters can be gauged by the detail that about 85% of the tyre demand is for replacement. The PEST analysis is a helpful tool for sympathetic marketplace growth or decline, and as such the spot potential and route for a business. PEST is an acronym for following Economic, Social and Technological factors. Tyre industry in India is growing strongly and their manufacture rising from every year. In 2012 there were 40 tyre manufacturing companies working in India which be consisted of key life-size brands in tyre industry such as Good year, MRF, Falcon Tires and Bridge stones etc. tell pest analysis on this market to check at what extent political, economical, technical and social factors are moving this tyre industry in India. Political Factors Were supporting Indian tire industry as Indian Government especially reduces its taxes on basic inputs to endorse the industry. Tax and duties on the import and export of tires were set less so that cheaper tires and material could be imported and good quality tires can be exported. Tire made in India were mostly exported to other budding countries such as Latin America, South-East Asia, Middle East and the Africa. The economy of was promising and the total construction of vehicles more than double between 2000 and 2012 so it had a good quality potential for the industry. Basically in 1926, the first tire was made by a British company Dunlop, and followers of Dunlop were other three foreign companies: The Americans Firestone, Good Year and Italian Ceat, but latter on Indian Social Factors Presently, small families are demanding for 2/4 wheelers for individuals. The sales of tyres have gained more in past decade. From upper class families with more than 1 car per family observed to be increasing demand of tyres exponentially, mainly in cities where Woking couples find difficult to maintain them without more than 1 car. As we know that Indian middle class families are known for its savings frenzy has now been slowly warming up to an idea of EMI and buying on credit. Due to these factors, there is an enormous demand in passenger cars. Technological Factor Technology creation in the Indian tyre industry is in effect geared to expansion research, connecting the adjust of tread design, back up material etc. on the whole of the key players do not employ in basic explore due to the elevated expenses involved. The base of information for the home firm has been during reverse engineering, combined ventures and collaboration. The stress given by Indian tyre companies to applied research and the setting up of well-equipped in-house RD centre by the companies, which are manned by in technology up stage Indian tyre technology has exhibit flexibility in maintain inflow of technology in the course of foreign collaboration and couture the same to Indian wants RD is basically trade or market driven. But basic inputs suppliers could also help in conceive new projects. Mix growth and in-process trouble have be the main shove of in-house RD in the Indian tyre industry. The Indian Tyre industry is likely to show a healthy escalation rate of 9-10% over the next five years, according to a study by Credit Analysis and Research Limited While the truck and bus tyres are set to index a compounded yearly growth rate (CAGR) of 8%, the beam business vehicles (LCV) part is normal to explain a CAGR of with reference to 14 %. Though we have to also take account of the outcome of the global depression on top of the sector in construction these assessments. The enlargement of the division is powerfully linked to the expansion plans of the automobile companies; the governments thrust on development of road infrastructure and the sourcing of auto parts by the global Original Equipment Manufacturers (OEMs). Some major hurdles en route for attaining these projected development rates could be basic inputs connected price uncertainty rupee joy and the hostile threat of cheap Chinese imports. The Indian tyre companies need to make lively attention to detail to discover newer market as the alive market for bus-truck tyres, which account for about 45 % of the total export volume, is nearing saturation. To hand is also a critical must to increase the degree of Radialization in order to protect their share in the export market. Worldwide tyre manufacturers have been making stable efforts to innovate and offer a diverse range of products such as tyres with pressure alert systems, jog flat tyres, natural tyres and force able tyres. In this context, the Indian home companies have to follow a enlargement strategy of hysterically novelty and rising importance on produce separation. The Industry Growing At 8 To 9% by the (YOY). Their Market Leaders Adopted a Latest Technology in Manufacturing of Tyre Proudcts.and government also step taken reduced import and encourage domestic player and small scale industry to take part in growth story. Basis of Elecon is providing best quality to customers. Due to constant start work on quality, better concentration on the material usage and proper prices the Elecon could improve its performance. As per my knowledge tyre industry running successfully in india.industry demand is mostly base on automobile products. The major factors moving the demand for tyres include the level of developed activity, availability and cost of praise transport volumes. the new boom in the tyre industry due to skill and technology sector has coupled continuous thrust of government on infrastructure projects is expected to sustain healthy growth of commodities insist roughly all company have announce extensive boost in capability which effect in to boost in earnings of industry In the increase in the tax rates, transportation charges, railway freight, road constrictions patterns ,increase basic input prices (rubber) is worry for the industry.

Sweeteners :: essays research papers fc

Sweeteners Saccharin is an organic petroleum-based compound that is three to five hundred times sweeter than sucrose. It is non-nutritive because the human body is unable to metabolize the foreign chemical. Saccharin does not contribute calories; for this reason it is commonly used in diet foods. "The obese [feel] that saccharin is their lifeline to slimdom, and diabetics [claim] it is essential to control their blood sugar" (Brody 482). The same people who consume saccharin certainly would not knowingly eat something that is classified as toxic waste; however, they do it on a daily basis. Saccharin's alias is EPA Hazardous Waste number U202. In fact, workers who handle saccharin are cautioned, "EXERCISE DUE CARE. AVOID CONTACT WITH EYES, SKIN, CLOTHING. WASH THOROUGHLY AFTER HANDLING. IF SWALLOWED, IF CONCIOUS, IMMEDIATELY INDUCE VOMITING" (MSDS). Saccharin has always been surrounded by controversy. As early as 1907, the public was concerned over its safety and proposed banning it. Theodore Roosevelt, a diabetic, fought the idea. He said, "My doctor gives it to me every day...Anybody who says saccharin is injurious to health is an idiot"(Corcoran 12). Saccharin survived the onslaught for another forty years. It wasn't until the bittersweet chemical hit the mainstream consumer market in such things as diet sodas, pharmaceuticals, and chewing gum that it came under fire again. Scientists suggested that saccharin might be a carcinogen in 1951. In 1958, however, saccharin was added to the GRAS (Generally Recognized as Safe) list, another paradox. In 1972, the results of a long-term study showed that rats fed saccharin had developed bladder tumors. Subsequently, the Food and Drug Administration (FDA) removed saccharin from GRAS status and issued a regulation limiting the use of saccharin in foods. Then in 1974, a National Academy of Science review found that, "Saccharin itself could not be identified as the cause of the tumors because of possible impurities as well as problems with experimental design and procedures" (Kennedy 131). Therefore, the FDA decided not to ban saccharin until they received the results of a study being conducted in Canada. In March 1977, the Canadian study showed that feeding large doses of saccharin to pregnant rats and their weanlings produced bladder cancers in the male offspring. The Canadians immediately banned saccharin. When the FDA announced its intentions to follow suit, public outcry led to a Congressionally voted eighteen-month moratorium. The American people wanted more time to evaluate the results of the study. Shortly thereafter, Congress enacted the Saccharin Study and Labeling Act, which stayed the FDA's hand temporarily and ordered a warning label on all saccharin products: "Use of this product may be hazardous to your health.

Markowitz Portfolio Optimization Essay

Introduction Markowitz (1952, 1956) pioneered the development of a quantitative method that takes the diversification benefits of portfolio allocation into account. Modern portfolio theory is the result of his work on portfolio optimization. Ideally, in a mean-variance optimization model, the complete investment opportunity set, i.e. all assets, should be considered simultaneously. However, in practice, most investors distinguish between different asset classes within their portfolio-allocation frameworks. In our analysis, we view the process of asset allocation as a four-step exercise like Bodie, Kane and Marcus (2005). It consists of choosing the asset classes under consideration, moving forward to establishing capital market expectations, followed by deriving the efficient frontier until finding the optimal asset mix. We take the perspective of an asset-only investor in search of the optimal portfolio. An asset-only investor does not take liabilities into account. The investment horizon is 5 – 10 years and the opportunity set consists of twelve asset classes. The investor pursues wealth maximization and no other particular investment goals are considered. We solve the asset-allocation problem using a mean-variance optimization based on excess returns. The goal is to maximize the Sharpe ratio (risk-adjusted return) of the portfolio, bounded by the restriction that the exposure to any risky asset class is greater than or equal to zero and that the sum of the weights adds up to one. The focus is on the relative allocation to risky assets in the optimal portfolio. In the mean-variance analysis, we use arithmetic excess returns. Geometric returns are not suitable in a mean-variance framework. The weighted average of geometric returns does not equal the geometric return of a simulated portfolio with the same composition. The observed difference can be explained by the diversification benefits of the portfolio allocation. We derive the arithmetic returns from the geometric returns and the volatility. a) The CIO has sent some of the results you have done above to the IPC. After the members of the IPC perused the results, some of them asked the CIO to explain why the equal-weighted portfolio underperformed the mean-variance optimal portfolio for the periods studied. Explain to the CIO using only the whole period results. First, let’s quickly look at some of the values of the fields that are used to draw the capital allocation line. As an example to my explanation let’s go through 2 possible capital allocation lines from the risk-free rate (rf = 3.5%). The first possible CAL is drawn for naively diversified portfolio for the whole period with rf = 3.5%. The expected return for this portfolio is 0.006224053, and its standard deviation is 0.025002148, the reward-to-volatility ratio, which is the slope of the CAL is 0.132284095. The second CAL is drawn for the Optimal portfolio for the whole period with rf = 3.5%. The expected return for this portfolio is 0.009508282, and its standard deviation is 0.00734826, the re- reward-to-volatility ratio is 0.897030832. We can see from the numbers that the optimal portfolio does better than the naively diversified portfolio because the RTV is higher for the optimal portfolio. The reason for that is that we’ve identified the optimal portfolio of risky assets by finding the portfolio weights that result in steepest CAL. The CAL that is supported by the optimal portfolio is tangent to the efficient frontier. The bottom line is that we have chosen the optimal portfolio that has the portfolio weights that lie on the capital allocation line that is tangent to the efficient frontier. Which means a portfolio of risky assets that provides the lowest risk for the expected return and thus this selected portfolio is bound to outperform the naively diversified. b) The IPC has noticed that the optimal allocations of sub-period 1 and sub-period 2 are very different (based on different scenarios of target returns and investment limits). They asked why. Would you please explain (using the set of results for 3.5% risk free rate)? This entails an analysis of the economic conditions for different periods. The most important insight we get is that in a diversified portfolio, the contribution to portfolio risk of a particular security will depend on the covariance of that security’s return with those of other securities. If you see the correlation matrix for the 2 sub periods, we can see that the economic-wide risk factors have imparted positive correlations among the stock returns for Sub Period 2 (03 – 10). This was the time of economic crisis (08-10) and since most of the risk was economic, the optimal portfolio incorporates less risky assets. While the sub period 1 (95 – 03) went through a healthy growth period, had mostly firm specific risk and lesser economic risk. c) The CIO wants to propose investment limits on certain asset classes to the IPC for consideration, but the CIO may not be aware of the likely impact on the performance of the Fund. Since you have run some analysis above based on the proposed limits, present your analysis and make a recommendation regarding investment limits for the historical arithmetic average (target) return and the 6% p.a. target return. The fundamental concept behind MPT is that the assets in an investment portfolio should not be selected individually, each on their own merits. Rather, it is important to consider how each asset changes in price relative to how every other asset in the portfolio changes in price. The optimal portfolios derived from the analysis are tangency portfolios and represents the combination offering the best possible expected return for given risk level. If we change the investment limits it could result in sub-optimal portfolios. This can be easily from the tables from (comparing naà ¯ve allocation to optimal allocation): Optimal Portfolio: When we draw the CAL and the efficient frontier using the above values, we see that the weights in the optimal portfolio result in the highest slope of the CAL. We can see this with the improved reward-to-volatility ratio of the portfolios. We also saw from the analysis where we constrained the portfolio return to 6% pa, the weights of the optimal portfolio changed and the RTV was lower than the un constrained optimal portfolio. Constrained:Unconstrained: d) The CIO would like to test the sensitivity of the mean-variance optimization to a change in the portfolio target return. Since you have done some runs using the historical arithmetic average return and 6% p.a. target return, present what you’ve learned from your analysis to the CIO using your results. We have tested the sensitivity of the mean-variance analysis to the input parameters. Table below shows the impact on the optimal portfolio of an increase and a decrease in the expected volatility of an asset, all other things being equal. Note that a change in volatility affects both the arithmetic return and the covariance matrix. Again, this table demonstrates the sensitivity of a mean-variance analysis to the input parameters. An increase in expected volatility leads to a lower allocation to that asset class. High yield even vanishes completely from the optimal portfolio. It is noteworthy that commodities are hardly affected by a higher standard deviation. A decrease in volatility mostly leads to a higher allocation. Government bonds, despite their expected zero risk premium, add value due to the strong diversification benefit. In this analysis, they appear to be insensitive to a change in their expected volatility. Credits and bonds are quite similar asset classes and, in a mean-variance context, the optimal portfolio tends to incline towards one or the other. In short, the mean-variance analysis suggests that adding real estate, stocks and high yield to the traditional asset mix of stocks and bonds creates most value for investors. Assets| Optimal Portfolio| Optimal Portfolio (6%)| SPTR Index| 0| 0| RTY Index| 0| 0| MXEA Index| 0| 0.747626014| MXEU Index| 0| 0| MXEF Index| 0| 0| SPGSCITR Index| 0| 0| FNCOTR Index| 0.862665445| 0.179140105| H15T3M Index| 0| 0.05| WOG1| 0| 0| C0A0| 0| 0| H0A0| 0| 0| G0Q0| 0.137334555| 0.023233881| e) Could we use the optimal weights from a previous period, say sub-period 1 or sub-period 2 or the whole period, as the recommended asset allocation for the next 5 or 10 years? Explain your answer with the out-of-sample test results you have done. No, we cannot recommend asset allocation based on the out-of-sample test results. The in-sample MV efficient frontiers overestimate the return associated with portfolio optimization not only with respect to resampled efficiency but importantly with respect to out-of-sample investment performance. Even with good inputs, MV efficiency error maximizes the risk and returns inputs, creates upward biased estimates of future performance, and substantially underperforms resampled efficiency. f) Based on the above analyses, what lessons and implications can be learned from your analysis on the mean-variance portfolio optimization? Key lessons: The fundamental goal of portfolio theory is to optimally allocate your investments between different assets. Mean variance optimization (MVO) is a quantitative tool which allows you to make this allocation by considering the trade-off between risk and return. Markowitz Portfolio Optimization The single period Markowitz algorithm solves the following problem: Single Period Problem * Inputs: * The expected return for each asset * The standard deviation of each asset (a measure of risk) * The correlation matrix between these assets * Output: * The efficient frontier, i.e. the set of portfolios with expected return greater than any other with the same or lesser risk, and lesser risk than any other with the same or greater return. The Markowitz algorithm is intended as a single period analysis tool in which the inputs provided by the user represent his/her probability beliefs about the upcoming period. The expected return, standard deviation, and correlation matrix are computed using standard statistical formulae. The expected return represents the simple (probability weighted) average of the possible returns for each asset, and the standard deviation represents the uncertainty about the outcome. The correlation matrix is a symmetric matrix, with unity on the diagonal, and all other elements between -1 and +1. A positive correlation between two assets A and B indicates that when the return of asset A turns out to be above (below) its expected value, then the return of asset B is likely also to be above (below) its expected value. A negative correlation suggests that when A’s return is above its expected value, and then B’s will be below its expected value, and vice versa. Input Data Issues A major issue for the methodology is the selection of input data. The use of historical data provides a very convenient means of providing the inputs to the MVO algorithm, but there are a number of reasons why this may not be the optimal way to proceed. All these reasons have to do with the question of whether this method really provides a valid statistical picture of the upcoming period. The most serious problem concerns the expected returns, because these control the actual return which is assigned to each portfolio. Failure of underlying hypothesis When you use historical data to provide the MVO inputs, you are implicitly assuming that * The returns in the different periods are independent. * The returns in the different periods are drawn from the same statistical distribution. * The N periods of available data provide a sample of this distribution. These hypotheses may simply not be true. The most serious inaccuracies arise from a phenomenon called mean reversion, in which a period, or periods, of superior (inferior) performance of a particular asset tend to be followed by a period, or periods, of inferior (superior) performance. Suppose, for example, you have used 5 years of historical data as MVO inputs for the upcoming year. The outputs of the algorithm will favor those assets with high expected return, which are those which have performed well over the past 5 years. Yet if mean reversion is in effect, these assets may well turn out to be those that perform most poorly in the upcoming year. Error in the estimated mean Even if you believe that the returns in the different periods are independent and identically distributed, you are of necessity using the available data to estimate the properties of this statistical distribution. In particular, you will take the expected return for a given asset to be the simple average R of the N historical values, and the standard deviation to be the root mean square deviation from this average value. Then elementary statistics tells us that the one standard deviation error in the value R as an estimate of the mean is the standard deviation divided by the square root of N. If N is not very large, then this error can distort the results of the MVO analysis considerably. Summary The above discussion does not mean to imply that the Markowitz algorithm is incorrect, but simply to point out the dangers of using historical data as inputs to a optimization strategy. If you make your own estimates of the MVO inputs, based on your own beliefs about the upcoming period, single period MVO can be an entirely appropriate means of balancing the risk and return in your portfolio.

Importance in respct with washington and clark essays

Importance in respct with washington and clark essays Washington and Clark on the Importance Scale William Clark was an important historical figure, although not by any means a great one. William Clark is best known for his expeditions west and the map he made from his traveling. William Clark contributed a great deal to America and her post constitution founding westward. William Clark is best remembered for his contribution in 1803. William Clark and Meriwether Lewis traveled westward on an expedition to expand America and her boundaries westward. He (they) investigated water passages to the Western Sea and mapped the new Louisiana Purchase. If it were not for William Clark then America might not be what it is today. America might still be a small plot of states on the East coast of a great piece of land. William Clark was indeed important, but William Clark could not be considered a great man. William Clark made friends with many Indian tribes, but he also cheated them. William Clark cheated many Indian tribes out of their land. William Clark was a slave owner and beat his slaves regularly. Although William Clark made many contributions to America, he was not a great person because unlike George Washington, he was a cruel and dishonest person. George Washington was elected president of the United States on April 30, 1789. George Washington stayed president until March 3, 1797. George Washington was not the most educated of people but he was one of the strongest leaders that America has ever known. George Washington had an amazing ability to keep his troops together throughout his presidency. George Washington was skilled at knowing where and when to attack. George Washington was named the leader of the revolutionary war. George Washingtons two main interests (both wanting to benefit America) were military arts and western expansion. George Washington was a key part of two main wars that were vital in Americas beginn ...

Creating a Vertical Coherence for English Curriculum

Creating a Vertical Coherence for English Curriculum Every high school student in every state must take English classes. The number of English credits required for a high school diploma may differ according to legislation  state by state. Regardless of the number of required credits, the subject of English is defined in the Glossary of Education Reform as  a core course of study: A core course of study  refers to a series or selection of courses that all students are required to complete before they can move on to the next level in their education or earn a diploma.   Most states have adopted requirements of four years of English classes, and in many  states,  the local school boards may adopt additional graduation requirements beyond those mandated by the state. Most schools will design their four year English course of study so that it has a vertical coherence or a progression from year to year. This vertical coherence allows curriculum writers the opportunity to prioritize learning, so that  what students learn in one lesson, course,  or grade level prepares them for the next lesson, course or grade level. The following descriptions provide a general overview of how four years of English is organized.   Grade 9: English I English I  is traditionally offered as a survey course that serves as an introduction for the rigors of high school reading and writing. As freshmen, students participate in the writing process by  constructing thesis  statements and  writing essays  in multiple genres (argumentative, explanatory, informational). Students in grade 9 should be explicitly taught how  to research a topic using valid sources and how to use valid sources in an organized manner as evidence in making a claim. In all written responses, students are be expected to be familiar with  specific  grammar rules  (ex: parallel structure, semicolons, and colons) and their application in writing. Students also learn both academic and content-specific  vocabulary.  In order to participate in both  conversations and collaborations, students should  be prepared to speak and listen  daily in class based on the activity (small group work, class discussions, debates).  Ã‚   The literature selected for the course represents multiple genres (poems, plays, essays, novels, short stories). In their analysis of literature, students are expected to look closely at how the authors choices of literary elements have contributed to the authors purpose. Students develop skills in close reading in both fiction and nonfiction. Close reading skills should be developed so that students can use these skills with informational texts in other disciplines. Grade 10: English II The vertical coherence established in the curriculum for English I should build on the major principles of writing in multiple genres. In English II, students should  continue  to focus on the skill sets for formal writing using the writing process (prewriting, draft, revision, final draft, editing, publishing). Students can expect that they will be required to present information orally. They will also learn more about correct research techniques. The literature offered in grade 10 could be selected based on a theme such as  Coming of Age or  Conflict and Nature. Another format that may be used in selecting the literature may  be  horizontal coherence, where  the texts selected are designed to complement or be associated with another sophomore-level course such as social studies or science. In this arrangement, the literature for English II may include selections from world literature texts that may be  horizontally coherent  with social studies coursework in global studies or world history course. For example, students may read All Quiet on the Western Front while studying World War I. Students continue to focus on increasing their comprehension skills by analyzing both informational and literary texts. They also examine an authors use of literary devices and the effect an authors choice has on the whole work. Finally, in grade 10, students continue to expand (at minimum  500 words annually for each year in high school)  their academic and  content-specific  vocabulary. Grade 11: English III In English III, the focus may be on American studies. This focus on a particular literary study will provide  teachers another opportunity for horizontal  coherence,  in which  the literature  selected may complement or be  associated with materials for required social studies coursework in American history or civics. Students may be expected to successfully complete a research paper this year in English or in another discipline, such as science.  Students continue to work on their formal forms of written expression in multiple genres (EX: personal essays as preparation for the college essay). They should understand and apply the standards of English, including the use of the hyphen. In grade 11, students practice speaking and listening to conversations and collaborations. They should have the opportunities to apply their  understanding of rhetorical style and devices.  Students will be expected to analyze informational and literary texts  in multiple genres (poems, plays, essays, novels, short stories) and critically evaluate how an authors style contributes to the authors purpose.   Students in the junior year may choose to select a course in Advanced Placement English Language and Composition  (APLang) that could replace English III. According to the College Board, the AP Lang course prepares students to read and comprehend rhetorically and topically diverse texts. The course prepares students to identify, apply, and finally evaluate the use of rhetorical devices in texts. In addition, a course at this level requires that students synthesize information from multiple texts in order to write a well-organized argument. Grade 12: English IV English IV  marks the culmination of a students English course experience after thirteen years from kindergarten to grade 12. The organization of this course may be the most flexible of all high school English classes as a multi-genre survey course or on a specific genre of literature (ex: British Literature). Some schools may choose to offer a senior project selected by a student to showcase a set of skills. By grade 12, students are expected to have mastered the ability to analyze various forms of literature including informational texts, fiction, and poetry. Seniors can demonstrate their ability to write both formally and informally as well as the ability to speak individually or in collaborations as part of college and/or career ready 21st Century skills.   AP English Literature and Composition may be offered as an elective (in grade 11 or 12).  Again, according to the College Board, As they read, students should consider a works structure, style, and themes, as  well as such smaller-scale elements as the use of  figurative language, imagery, symbolism, and tone. Electives Many schools may choose to offer English elective courses for students to take in addition to their core English coursework. Elective credits may or  may not serve for English credits required for a diploma. Most colleges encourage students to take the required core classes, which may or may not include electives, and college admission officers generally look for a student to complete academic requirement before expressing their interests through electives. Electives  introduce students to a completely new subject to challenge themselves and stay motivated throughout high school.  Some of the more traditional elective offerings in English include: Journalism: This course exposes students to the basic concepts of reporting and non-fiction writing. Students work with various article formats. Journalistic ethics and bias in reporting are generally included. Students write news to develop and improve their writing in a variety of styles and formats. Journalism is often offered with a school newspaper or media platform.Creative Writing:  Ã‚  Either through assignments or independently, students participate in creative writing to write fiction, narratives, using  description  and dialogue. Works by established authors may be read and discussed as models for student writing. Students may complete  in-class  writing  exercises and  comment on each others  creative  work.Film and Literature: In this course, students may explore texts to their film versions to analyze the narrative and artistic decisions of the writers and directors and to better understand the art of storytelling and its purposes.   English Curriculum and the Common Core While the curriculum for high school English is not uniform or standardized state by state, there have recently been efforts through the  Ã‚  Common Core State Standards  (CCSS) to identify a set of specific  grade-level skills that students should develop in reading, writing, listening and speaking. The CCSS  have heavily influenced what is taught in all disciplines.  According to the introduction page of the literacy standards, students should be asked: ....to read stories and literature, as well as more complex texts that provide facts and background knowledge in areas such as science and social studies. Forty-two of the fifty U.S. states adopted the Common Core State Standards. Seven years later, a number of these states have since repealed or are actively planning to repeal the standards. Regardless, all secondary school level English classes are similar in their design to promote the skills of reading, writing, speaking, and listening needed for success beyond school.

Assignment about Servicing the Sale and Building the Partnership - 1

About Servicing the Sale and Building the Partnership - Assignment Example d be traced to a belief in significant brand management, investment in a first class customer service center, and innovations in marketing and sales strategies that enhance sales and distribution. In addition, the philosophy of the company remains mapped on a belief that quality could never be sacrificed. The company officers have made a decision to develop partnerships with a group of distributors who would employ salespeople to call on retailers trading in Body Glove products. In order to ensure that retail customers and retailers receive excellent service, the company would undertake some steps to achieve this objective. The company officers would select on distributors whose strategies would have an immediate effect on all elements of the marketing mix. Thus, steps to be considered would involve an analysis of the products, environment, customers, competitors, company, salespersons, and the desired level by the target market characteristics. In so doing, the company would evaluate alternatives for both distributors and salespersons against adaptive, control and economic factors (Vashisht 184-189). Body Glove salespersons may add value to the company through either full line or cross selling. First, salespersons could add value through an established better partnership between the company and the distributors in a full line selling. In addition, salespersons attain more knowledgeable and aggressive selling because of exclusive distribution grants from the company. Moreover, through exclusive distribution strategies or dealership, salespersons could add value to the company wetsuits product line. On the other hand, salespersons may add value to the company by establishing a better working relationship with the distributors that would give rise to adequate market coverage with less cost but more control. These would consequently add value to the company overall sales margin, and over its competitors (Vashisht 187). Moreover, conducting after sales service to