Analysis of Academic Dishonesty Essay - 2549 Words

Abstract The easier, softer way is not the road less traveled. In this paper, I plan to use myself as a case study for a look inside the mind of a cheater. I will start out with a definition of academic dishonesty given by our school and hope to go through some valid excuses used by people who cheat. I will also look at how further complications and confusion arises by students and teachers perception of themselves and their role in the problem. I will address the changing culture and how it can be a useful smokescreen that tries to make cheating a social issue as well as a moral one. I will use morality to discredit a view that certain forms of dishonesty are more acceptable than others forms. I hope to end my†¦show more content†¦After all, according to a study in Psychology Today, Forty to 60 percent of college students today would cheat if given a chance (Davis, 1992). If 3 out of every 5 people are cheating and getting away with it then why does it matter if I cheat occasionally? This method of rationalization is the root of the problem when dealing with academic dishonesty today. There are so many different excuses, many sounding very reasonable that it is very to get brainwashed, especially when it is something a person wants to believe in order to justify wrong actions. If the lack of morality or the declining deviation of demoralization is the main reason for cheating then it might be useful to give an explanation of morality. According to M. Oakeshott in an article from Human Conduct, Morality is a set of manners, customs, and compunctions that govern how we act and speak in our relationships. We learn morality in the same way we learn a language: by speaking to others and reacting in turn. Morality is also like a language in that 1.) it utilizes grammar, 2.) some speak the moral language or act better than others, 3.) it changes with use, and 4.) there are many different moral dialects. (1992, p. 92) Looking at morality from this perspective presentsShow MoreRelatedCai Yangbin Froggen 988215 Ge2021 W08 Dr. Braxton 2017/3/131470 Words   |  6 Pages2017/3/13 The summary of â€Å"An Economic Analysis of Academic Dishonesty and Its Deterrence in Higher Education† This document mainly discusses the issues of academic integrity. It makes a detailed analysis on the academic integrity problems now in American universities that are summarized. Why so many students choose to cheat? What kind of students are enrolled in academic dishonesty? (almost all). The relationship between market supply and academic dishonesty. Suggestions and measures relevant institutionsRead MoreWilliam Damon s The Death Of Honesty1102 Words   |  5 Pages William Damon’s â€Å"The Death of Honesty† presents a solemn analysis of the decline of modern virtue due to a â€Å"dysfunctional tipping point† where honesty is no longer viewed as a moral characteristic worthy of pursuing. Dishonesty is presented as both a virtue and a vice that is shaping our contemporary society. The Hoover Institution of Stanford University published Mr. Damon’s article in 2012 under the Task Force on the Virtues of a Free Society, which would provide a target audience of studentsRead MoreCheating Is A Word?1496 Words   |  6 Pagescheat, and how I will utilize this knowledge to avoid cheating in the future. Academic dishonesty happens when students cheat in any way, shape, or form that does not represent their true knowledge or work. The Center for Student Rights and Responsibilities at SDSU (San Diego State University) defines cheating in the classroom as follows: â€Å"Cheating is defined as the act of obtaining or attempting to obtain credit for academic work by the use of dishonest, deceptive, or fraud- ulent means.† They giveRead Morepest analysis of uk retail banks1128 Words   |  5 Pages Strategic Management Module Handbook Instructor: Adil Tahir Paracha Faculty of Business Administration Department of Management INTRODUCTION This course will introduce students To develop a framework of analysis to enable students to identify central issues and problem in complex, comprehensive case; To suggest alternative course of action; and present well supported recommendations for future action To develop conceptual skills so that students are ableRead MoreTechnologys Impact On Learning1028 Words   |  4 PagesAnderman, E., Midgley, C. (2004). Changes in self-reported academic cheating across the transition from middle school to high school. Contemporary Educational Psychology, 29, 499-517. Peer reviewed article in which data suggests that self-reported cheating is on the rise based on students view that everyone does it. Cahn and Markie. (2008). Ethics: History, Theory, and Contemporary Issues. New York: Oxford University Press. Academic text that outlines basic premises of ethics and how theyRead MoreAction Plan and Annotated Bibliography on Maintaining Academic Honesty1390 Words   |  6 PagesAction plan: maintaining academic honesty Academic dishonesty is a serious issue for anyone regardless of the discipline they are pursuing or the contextual factors. It undermines the quality of the end product such as the services that the person engaging in academic dishonesty will provide in the future. It also beats the purpose of going through academic institutions that provide facilities and facilitators in the education process. Academic dishonesty is, therefore, wrong in all forms and isRead MoreAcademic Ethics And Ethical Procedures906 Words   |  4 Pagessurrounding Academic Integrity and ethical procedures as they relate to students, scholarly research and practice. We will take a look at the viewpoints of two articles that tackle this issue. When I think about the word â€Å"ethics†, morals and doing the right thing comes to mind. In life, there is a constant struggle between making good and bad choices, especially if the choice you choose can make or break your career. In the first article, Aaron Roche , (2012-2013) highlight several levels of academic dishonestyRead MorePlagiarism And Academic Dishonesty Prevention Over Detection And Punishment1614 Words   |  7 PagesProblem 8: Please speculate on why we decided to make a problem set on academic honesty. I feel this problem set was designed to target plagiarism/academic dishonesty prevention over detection and punishment. Answering the questions in the problem set would ensure the following things: 1. Students understand the meaning of cheating and plagiarism and how to avoid it. 2. Students are clear about the expectations of the class. 3. Students understand the importance of honesty and personal developmentRead MoreCOLL100 QUIZ 21491 Words   |  6 Pages(no date) in both the citation and reference.   D.bold the source. Question 3 of 20 0.5/ 0.5 Points Read this section of text from the APUS   Plagiarism Policy (2014,  http://www.apus.edu/student-handbook/academic-dishonesty/index.htm) :    The most frequently observed form of academic dishonesty is plagiarism. Plagiarism is the adoption or incorporation of another’s ideas without proper attribution of the source. It is more simply defined as taking the writings of another person or people and representingRead Moresyllabus1129 Words   |  5 Pages The Case Studies Guidelines (Individuals and Group) Cases deal with real-life business situations. Analysis and discussion of cases provide a good augmentation of the real world with academia. The case method of learning requires the identification of the key problems and challenges the company is trying to solve. What information is useful and what information is not useful, analysis to determine the root causes of the situation, and then suggest a plan of attack/recommendations should be

The Persian Wars Were Significant For World History

One of the main components that defined the ancient world is war. During the era of expansion and conquest, wars were waged across lands near and far. By means of defense, revolts arose at this time of numerous battles as well as the formation of alliances. As a whole, war is a struggle for power. For instance, two great ancient civilizations, Greece and Persia, fought in a series of conflicts known as the Greco-Persian Wars. Herodotus, the historian who first wrote about the Persian Wars, once said, â€Å"Great things are won by great dangers.† All war is dangerous, yet the advancements made afterward help form civilizations and promote future prosperity. The Greco-Persian Wars were significant for world history because they paved the way for†¦show more content†¦Moreover, in the Battle of Thermopylae, Persian forces led by Xerxes outnumbered the Greeks yet again. However, the militant Spartans took up arms and were able to defeat the large Persian army. Thermopylae allowed the Greek forces to come up with various tactics and strategies in order to defeat Persia. Next, the Battle of Salamis was a naval battle between several Greek city-states and Persia. This battle forms the turning point of the Greco-Persian Wars since it ultimately â€Å"saved Greece from being absorbed into the Persian Empire and ensured the emergence of Western civilization as a major force in the world.† The ending of the Battle of Salamis left the Persian army trapped in Greece, which paves the way for the final battle of the war, the Battle of Platea. In the battle, the â€Å"Greek army came and defeated the weakened Persians, the Persian Wars were over†. The mark of the ending of the Greco-Persian wars gave way to Athens arising from the ashes as the dominant and central city-state of Greece, which then provides political and cultural advancements during its golden age. After the wars, Athens emerges as the center of all activity amongst each city- state in Greece. One of the key features within the Athenian society was the arrangement of public assembly and the rule of the people, democracy. In the assemblies, any male citizen could actively voteShow MoreRelatedThe Persian Royal Road Improve Governing And Communism Essay1737 Words   |  7 PagesEssential Questions Chapter 4 - Christopher Hallinan Why would the Persian Royal Road improve governing and communism in the Persian Empire? The Persian Royal Road was very beneficial for governing and communication because it allowed people to go throughout the empire efficiently. According to the Behistun inscription, how does Darius the first justify his assumption to power and why is his relationship to Ahuramazda significant? He says that he has power because Ahuramazda gave him control ofRead MoreThe Battle of Thermopylae from Herodotus’ the Histories Essay1146 Words   |  5 PagesHerodotus’ The Histories The Battle of Thermopylae, which Herodotus recorded in his writing The Histories, was one of the most arduous and notable battles of western history. Herodotus was an extremely significant historian who lived during the 5th century B.C. In this primary source writing, he portrays how Xerxes was superstitious and tyrannical, how the battle informs you about the Spartan culture, how the values of Greek promoted society, and he displayed how significant the Persian invasionRead MoreEssay on Monumental Changes Across the Globe in History822 Words   |  4 PagesMonumental Changes across the Globe in History Since the beginning of time, all sorts of changes have occurred throughout the world. 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As the book continues on you are shown that the city-state of Thebes was rising to power and eventually overtaking Spartan as the main power of the time. The author of the book is Godfrey Hutchinson. He is a historian and is an expert on all thingsRead MoreHistorical Accuracies in the Snyders Film 3001593 Words   |  6 Pagesthe ancient Persians in very unflattering terms. The grim, ghastly, almost monstrously barbaric (yet weirdly effeminate) features of the Persian leader Xerxes is one of the most visually arresting elements of Snyders film 300 (based on a graphic novel by Frank Miller). How historically accurate is the film? Considering the fact that Snyder shot almost the entirety of the film on a soundstage because the films landscapes are different than in real life. They dont exist in the real world, only in

Financial Reporting Forms The Foundation â€Myassignmenthelp.Com

Question: Discuss About The Financial Reporting Forms The Foundation? Answer: Introduction There is no as such a definitive view regarding the components of a conceptual framework. The Financial Accounting Standards Board (FASB) , in the US developed the first ever conceptual framework in the field of accounting and this conceptual framework has been defined as a coherent system that consists of interrelated objectives as well as fundamentals which leads to consistent standards. As per the definition of FASB for conceptual framework it is quite structured and they possess several normative characteristics. (Deegan, 2009) . Considering this conceptual framework of financial accounting this report uses Positive Accounting Theory in order to analyse and explain the risk taking behaviour of managers. Furthermore it explains the concept of earnings management along with the several factors which impact the managers to perform earnings management activities. Finally the Public Interest Theory is being explained which argues the proposed increase in regulation of executive pay do ne by the Australian government is in the public interest. The Positive Accounting Theory is an accounting theory which is related to explanations about accounting practice it has been designed to predict as well as explain which company will and which ones will not use specific method, but it does not tell anything about which methods should be used by the firm. This can be the relationship between the mangers and the owners or between the firms debt providers and the managers. Out of the three major hypotheses that are used very frequently in PAT bonus plan hypothesis is very crucial (Watts Zimmerman, 1990). According to the bonus plan hypothesis the managers of the firms having bonus plans will be making use of accounting methods so that the current periods reported income will be increased this is also referred to as management compensation hypothesis and according to it action results in increasing the current value of the bonuses that are paid to the management. Linking the managerial payments with the performance of the firms motivates them to perform better for shareholders on one hand , but on the other hand it also burdens the managers with greater risks which they might not want to carry. AS can be seen the earnings management is being supported by the positive accounting theory framework which was initiated by Watts and Zimmerman (1978). Choosing the accounting policy indicates the informational advantage as well as contractual relations of managers. The major assumption that comes up based on the nature of contracts is the assumption of compensation. The inclination of executives is seen towards the profits that can be earned from accounting deficiencies in order to impact the contents of the financial statements of the firm for their personal interests. Considering the opportunistic viewpoint, the managers mostly make use of their personal discretion in order to enhance their compensation that can be determined by both the market val ue (stock options) as well as accounting performance (bonus). This kind of opportunistic behaviour shown by managers can result in earnings for management practices. The CEOs in current highly complex business world bear the weight of performance systems as well as the solemnity when their duties are being incepted so that they sell their business at good value. Mangers in some cases might choose and exploit the privilege position that they occupy in order to obtain private gains through management of financial reporting in their favour. There have been several studies that have analysed the issues like management motivation in order to develop an accounting behaviour. Tax is considered to be a significant motivator that assists in development of earning management as well as creative accounting(Niskanen Keloharju, 2000) . In such cases positive accounting helps in making wiser predictions about the events happening in real world as well as translates them into accounting transactions. Scandals as well as corruptions are not juts limited by staying within the corporate houses, but they have spread their wings to the custodians of corporate businesses. Thus all the stakeholders who also include the investors are at risk as they are not for sure about the fact that they would be able to their base investment not just because of market volatility, but form the financial reporting risks as well (The Economist, 2014). Alongside the stand alone risk exposure due to earnings management done by the managers in the firm or by the accountants is also very material. According to the efficiency perspective of positive accounting theory which is also called as an opportunistic perspective, the managers who act as agents of the owners that are the shareholders etc. act only for their self-interests. They just adopt the accounting policies which are beneficial for them and they think that whatever is advantageous for them will be good for the firm too. According to the bonus sche me or compensation hypothesis the managers who have accounting incentives or whose remuneration is being connected with the accounting performance of the firm will manoeuvre accounting methods in such a manner that the accounting figures get reflected in a better manner . In this case the uncollectible allowance, research and development costs as well as method of depreciation will be handled in such a manner that it incentivizes the manager (Shil, 2015). Furthermore according to the debt-equity hypothesis the managers will start making up or cooking the financial statements that will reflect better profits which are similar to the bonus plan with the expectation of showing better liquidity position as well as performance that also indicates the better position to pay the principal along with the interest of the debt owners (Lakhal et al., 2014). The article also states that the CEOs and their acolytes know how to play with the financial system thus creating easy targets for themselves so that they can be paid millions through blue chip range of short term as well as long term bonuses that are not available for the average worker or shareholder. They thus start delivering good performance for the shareholders but at the same time puts burden on them with greater risks than they can bear(Pash, 2014). Concept of Earnings Management Earnings also known as net income is very crucial item in any financial statement as it indicates the amount to which firms engage in value added activities. Earnings management is something which should not be confused with various illegal activities that are used for manipulating financial statements as well as report results which do not show the economic reality (Lev, 1989). Such kind of activities are commonly referred to as cooking the books and in them the financial results are misinterpreted. Various studies conducted on earnings management indicate that it is totally a pervasive phenomenon. This means that around 8 to 12 percent firms having small pre-managed earnings decreases control their earnings in order to show increases in earnings and 30 to 44 percent of the companies having small pre-managed losses manage their losses in such a manner that they can create positive earnings. Thus it can also be said that there are large number of firms which implement earnings manage ment in order to have steady earnings growth or simply to escape reporting a red ink (Burgstahler Dichev, 1997). All these definitions of earnings management describe the proper as well as reasonable practices which form a part of a well-managed business that helps in giving right value to their shareholders Earnings management is mainly achieved with the help of proper management actions which helps in easily achieving the required earnings level with the help of : Accounting choices from among GAAP Operating decisions (economic earnings management) Managing earnings is considered to be the process in which deliberate steps are taken within the constraints accounting principles that are commonly acceptable in order to achieve the desired level of the earnings reported (Rahman et al., 2013). A purposeful intercession in the process of external financial reporting in order to gain some or the other personal gain . However real earnings management is a bit extension of the above definition which can be attained through timely financing decisions as well as timely investments to alter the earnings reported . Thus basically earnings management deals with the context of financial reporting that includes the structuring of transactions so that required accounting treatment applies. Earning management also occurs through well times real investments as well as financing decisions (Beneish, 2001). There are several factors which impact the managers to perform earnings management activities for example stock market incentives, political and regulatory motives and personal incentives. As per the ethics perspective there have been various features identified of the accounting treatment by researchers which impact the assessment of ethical acceptability of any specific practice of accounting (Kaplan, 2000) . There are several factors which impact the actions of managers in relation to earnings management as there is presence of a strong relationship between ethics and earnings management . Earning management is connected with providing misleading financial information to its investors , whereas the intention of managers regarding managing the earnings is connected with their ethics. Thus if a manager has a strong sense of ethics they will not be managing earnings , their values and beliefs will not permit them to manage earnings. Managers might perceive the earnings management in ethical perspective as more harsh as compared to shareholders and that is why the studies indicate that incentives should be given to managers for managing earnings (Parfet, 2000). Next the economic factors have been analysed that impact earnings management activities in relation to capital markets and management compensation. Management compensation is considered to be very strong incentive in case of earnings management done by managers. It helps in aligning management behaviour with the shareholders interests as the interest of both these groups are found to be in conflicting state. There are many examples in accounting research that show that earnings management for several reasons and amongst them capital market incentives are considered to be the most stronger one in case of managers in order to manage the earnings . The reason being the rise in stock market valuations along with the increase in stock-based wealth as well as compensation impacts the earnings management. Considering the importance of reported accounting income , there is one assumption that over a period of time managers try to smoothen the income so that much stable earnings come up along with an year-to-year variance and this will result in higher firm valuation. Some studies also indicates that managers try to manage the earnings in order to avoid the earnings declines as well as reporting losses (Barth et al., 1999). Along with this there are several reasons that result in earnings management and there are strong evidence that show that managers manage earnings in order to meet the expectations of the capital markets . Public Interest Theory Public Interest Theory is very important economic theory of regulations and states that regulations are being developed in response to the public demands in order to correct inefficient / inequitable market practices. As per the theories of regulation, regulation is considered to be of public good which come up because of government interventions which are also exposed to varied kinds of political as well as economic forces. The main aim of regulations is to protect public interests . Therefore under the public interest theory regulations arise as a response to the market failures crisis which is seen and are capable of resolving things in public interest. Like in case of financial accounting standard setting process done through government intervention is considered to be necessary due to failures to furnish accounting informations in proper manner in markets. In the same way the US Securities and Exchange Commission was developed in 1934 after the 1929 stock market crash down and a fter the corporate scandals like the collapsing of Enron the Sarbanes Oxley Bill related to accounting and corporate governance was being passed ( Ijiri 2005). According to Public Interest Theory the markets are very fragile and they also have the tendency to be inefficient in operations as well as in favour of individual by simply ignoring the societal importance. Thus to monitor as well as direct the intervention form government is very much needed. In the same way the Australian Government regulates the banks so that they work towards the social interest. The banks can and serve the social interest if the resources are allocated in right manner and in social interest. The Public Interest Theory was being developed by Pigou and it states that regulators try to find out the market solutions which are efficient in economic terms. It also mentions that the market power possessed by companies in case of imperfectly competitive markets needs to be controlled . Mainly in case of natural monopolies regulations are very much compulsory to increase the outputs and at the same time to decrease the prices. Whereas in case of oligopolistic markets , regulations are implemented or required to avoid cut throat competition. Thus to regulate the banking sector a new Banking Executive Accountability Regime (BEAR) has been developed which is connected with licensing the senior executives in big banks . The regulations of BEAR states that the senior executives will have to be registered with the financial regulator APRA and just in case these executives misbehave , they will be losing their license as well as their bonuses that are due. This way the financial impacts will be increased , as the bonuses will be prevented from being paid for the decisions that will affect the banks or public for longer period of time. Thus the potential result of asking for variable remuneration to be accepted will be that the banks will be making adjustments to their payment structures thus making shift of balance of payments to the base remuneration in this case. The banks have been knocked by various scandals that include charging for the financial planning advise that have not been even provided to them. Many planners have been dismissed as well as deregistered but none of the senior executives have yet lost their jobs in the entire fall out. There has been rise in the community , regarding the unease like poor culture as well as behaviour in the banks as well as in the financial sector . There have been many incidents where the participants have been ill-treated by the financial institutions as well as by the banks. Therefore as per the public interest Theory the government acted in the House of Representatives committee enquiry and their findings and came up with regulations to enhance and strengthen the competition as well as accountability in the banking system. Some of the major banks have a poor compliance culture and they have repeatedly been unable to protect the interests of consumers this kind of culture has been created by the senior executives in the banks and financial institutions. This culture has been unacceptable and major changes have been announced in public interest related to regulations; penalties and pay. Thus the banks must now get registered their directors as well as senior executives with APRA along with that provide the amps about their roles as well as responsibilities. APRA also has the power to remove them or it can also impose penalties on the banks which do not work strictly on monitoring the suitable senior executives. Thus all the directors as well as senior executives will come under the scanner of APRA and will be punished if found wrongdoing. Even the bonuses given to the senior executives can be deferred for minimum 4 years span. APRA will be having stronger powers and ask the concerned banks to adjust as w ell as review the remunerations policies to the senior executives and director(Pash, 2014) . Conclusion Thus it is evident that positive accounting which is very different from conservative accounting as it has contractual view which puts it in tension or risk with the value relevance studies of accounting. According to the PAT the managers in firms have an opportunity in positive perspective according to which they adopt accounting policies that are just beneficial for them and they follow the compensation hypothesis means they manoeuvre the accounting methods so that the accounting figures get shown in positive manner. Earnings management happens when the managers make use of their judicial powers in financial management along with structuring transactions in order to change the financial reports in order to mislead some stakeholders regarding economic performance of the firm or in order to influence the contractual results which rely on reporting the accounting numbers. There are both ethical as well as economic factors that influence the earnings management activities of the manage rs. Management compensation is considered to be very crucial inventive that helps in earnings management. AS per the Public Interest Theory the regulations are for regulating the firms so that the availability of few goods is being guaranteed which otherwise will not be possible and profitable in order to induce unregulated firms. References Barth, M.E., Elliott, J.A. Finn., M.W., 1999. Market rewards associated with patterns of increasing earnings. Journal of Accounting Research, 37, pp.387-413. Beneish, M.D., 2001. Earnings Management: A Perspective. Researchgate. Burgstahler, D. Dichev, I., 1997. Earnings Management to avoid Earnings Decreases and Losses. Journal of ACcounting and Economics, 24, p.101. Deegan, C., 2009. Financial ACcounting Theory. Mcgraw Hill. Kaplan, R., 2000. Comments on Paul Healy: Evidence of the effect of bonus schemes on accounting procedure and accrual decisions. Journal of Accounting and Economics, pp.109-14. Lakhal, F., Lakhal, N. Cheurfi, S., 2014. Does Pay for Performance Reduce Earnings Management in France? European Journal of Business and Management, 6(13), pp.49-57. Lev, B., 1989. factors that influence managers to perform earnings management activities factors that influence managers to perform earnings management activities. Journal of ACcounting REsearch, 27, pp.153-201. Niskanen, J. Keloharju, M., 2000. Earning Cosmetics in a Tax-driven Accounting Environment: Evidence from Finish Public Firms. The European Accounting REview, 9(3), pp.443-52. Parfet, W., 2000. Accounting subjectivity and earnings management: A preparer perspective. Accoutning Hprizons, 14, pp.481-88. Pash, C., 2014. Bank executives might be in line for bigger base pays. Business Insider, 18 July. Rahman, M., Moniruzzaman, M. SHarif, J., 2013. Techniques, Motives and Controls of Earnings Management. International Journal of Information Technology and Business Management , 11(1), pp.22-30. Shil, S., 2015. Positive Accounting Theory and Changes in Accounting Principles: An Exploratory Inquiry into Bangladeshi Listed Companies. ULAB School Of Business, University of Liberal Arts Bangladesh(ULAB). The Economist, 2014. Accounting scandals: The dozy watchdogs Some 13 years after Enron, auditors still cant stop managers cooking the books,time for serious reforms. The Economist, 13 December. Watts, R.L. Zimmerman, J.L., 1990. Positive Accounting Theory: A Ten-Year Perspective. The Accounting Review, 65(1), pp.131-32.

TraditionA Rose For Emily The Lottery Essay free essay sample

Tradition ( A Rose For Emily, The Lottery Essay, Research Paper Tradition Peoples throughout the universe do things for many different grounds. Religion, equal force per unit area, or tradition are some of the grounds the people do things. In the U.S. we have many traditions such as Christmas. Some people have strange or out of the ordinary traditions. The two short narratives? The Lottery? and? A Rose for Emily? both portray tradition. In? The Lottery? , tradition is showed in three chief ways. First, Old Man Warner says, ? there has ever been a lottery ( Jackson 11 ) . ? The town people accept The Lottery because there has ever been a lottery. The older people in the town such as Old Man Warner maintain the tradition alive with their ideals. Second, The Lottery is held every twelvemonth. Tradition is upheld in this manner because it introduces the younger coevals to the tradition. This shows that the lottery is a tradition because traditions happen over and over once more. We will write a custom essay sample on TraditionA Rose For Emily The Lottery Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Last, tradition is shown with the parifanilia used in the narrative of? The Lottery? . The black box used to pull names is a extra of the original. The black box is a symbol of what was in the old ages past. In? A Rose for Emily? , tradition is besides shown in three chief ways. First, Emily does non acquire courted by anyone. This would non look to be a normal tradition but in the narrative her male parent did non desire Emily to go involved with anyone. Emily? s male parent was non following tradition when making this because normal tradition would be to let Emily to go involved with person. Second, ? A Rose for Emily? shows tradition in the manner the townsfolk treated Miss. Emily. Tradition is shown when the older coevals of people put lime down alternatively of carbon monoxide nfronting Emily with the odor. The seniors of the town besides allowed Emily to travel without paying revenue enhancements after she told them she did non hold to pay them. Finally, tradition is shown with Emily cutting her hair. Emily cut her hair after her male parent died ( Faulkner? ) . This shows some tradition because adult females in that clip and topographic point of society do non cut their hair unless they want to demo something. Emily was demoing she had gotten over her male parent? s decease and ready to travel on with her life. ? The Lottery? and? A Rose for Emily? both show tradition in the same ways. First, both narratives have adult females as the chief characters as the 1s demoing tradition. Miss. Emily was the adult female in? A Rose for Emily? that showed tradition. Tessie was the adult female in? The Lottery? that showed tradition in the narrative. Second, in both narratives the seniors had the strongest tradition. In the narrative? A Rose for Emily? the older coevals are the 1s that respected Emily and allow her acquire away with many things such as the revenue enhancements. In? The Lottery? old adult male Warner was the individual maintaining? The Lottery? alive with his ideals and his function in? The Lottery? throughout the old ages. Finally, in both narratives the tradition changed a small. In? A Rose for Emily? the younger coevals was altering the tradition in the manner they treat the senior, august named people. In? The Lottery? the rites and expressions that have been taken out of the docket of? The Lottery? changed the tradition. The short narratives? A Rose for Emily? and? The Lottery? both have their ain ways of demoing tradition. ? A Rose for Emily? had three chief ways of demoing tradition, ? The Lottery? had three chief ways of demoing tradition besides, and both narratives have some of the same constructs of traditions.

Chemistry is Life! essays

Chemistry is Life! essays Most people have chosen to write their essay about how chemistry has played an important role in everyday life. I have chosen to ask, how doesnt it play a role in everyday life? The simple fact is that chemistry plays an important role in every persons daily activities from the moment were born. So what role does chemistry really play in everyday life? Well, this involvement usually begins first thing each morning. Most people wake up to an alarm or radio. These common household items contain batteries, which make them very chemically dependent. These batteries contain positive and negative electrodes. The positive electrode consists of a carbon rod surrounded by a mixture of carbon and manganese dioxide. The negative electrode is made of zinc. Chemistry plays an important role in the discovery and understanding of materials contained in these and many other common household items. Things like household cleaners and water purification systems are vitally dependent on chemistry. Without chemistry something as simple as scrubbing a toilet without fear of severe burns or small explosions might not be possible. Next, though it isnt widely known, chemistry is also heavily involved with the manufacturing of things such as makeup and soap. Each time you bathe you are witnessing chemistry at work. Chemicals such as cetyl alcohol and propylene glycol are typical ingredients in the soap used to wash your hair and skin. Without chemistry, these materials (or combinations of these materials) might be hazardous or might not exist. The chemical coloring agents used in makeup and nail polish would not be possible without an understanding of the chemicals involved. Almost anything you do during the course of a normal day involves chemistry in some way. The gas and tires in cars we drive, the makeup we put on our faces, the soaps and cleaners used everyday, burning wood or other fossil fuels, chemistry is all around y...

How and with what success did Russia industrialise in the la essays

How and with what success did Russia industrialise in the la essays During the late nineteenth century the Russian government undertook a policy of rapid industrialisation which, due to a combination of factors, drove the desire to industrialise Russia for the principle aim of keeping the facade of her militaristic strength and power status. It was evident to Alexander III that Russias defeat in the Crimean War highlighted its backwardness compared to other great European nations such as France and Britain, and revealed a need to modernise and industrialise. It forced the government to recognise the vital relationship between industrial strength and military power. This became further apparent after the use of railways and modern weaponry in the German Unification wars during the late nineteenth century; and diplomatic defeat in the Congress of Berlin in 1878 by other European powers. In addition, Russia had not undergone an industrial revolution which would transform its military capacity not simply through increased productivity but through the gather pace of technological development spawned by the industrial revolution whereas its rivals, namely Germany and Britain, already had. In economic terms the government saw a number of ways in which industrialisation was necessary. They found a need to develop their own resources instead of relying on foreign imports, saw how agricultural depression illustrated the need for alternative sources of income, and railways were seen to be a high priority as they were vital to organise resources. Overall the government saw that an economic advance would lead to increased wealth, and thus greater potential government revenue. The need for industrialisation was clearly vital for the Russian government; however it did face certain practical difficulties and problems which hindered the acceleration of industrial development. There was an inefficient domestic agricultural system which, coupled with the depression in agri...

Business Strategy Essay Example | Topics and Well Written Essays - 1750 words - 3

Business Strategy - Essay Example to remain progressive and contemporary with the changing business environment and has always tried to meet the consumer demand (Hitt, Duane and Hoskisson, 2012, pp.76-77). The company carries extensive research on the needs and tastes of the customers and at the same time constantly changes their advertising campaigns. The main aim of the company is to develop their products in the best possible way and give their customers a great place to socialize, eat and have a great experience. McDonald’s has achieved its competitive advantage through charging low price for its products and increasing the volume. McDonald’s attracts the consumers on a regular basis and at the most affordable prices. It aims at regular visits of the customers and hence does not display very high priced products on their menu. The product prices of McDonald’s are not standard for all the countries. It differs according to the location or rather the pricing strategy of McDonald’s depends on the local competition and promotions. McDonald’s has even changed the eating habits of the customers and attracts people at the peak hours by offering very low rates. McDonald’s follows an aggressive pricing strategy. McDonald’s products taste the same whichever country they operate, but they try and indulge some local taste so as to make it more appealing to the local consumers (Jeannet and Hennessey, 2005, pp.213-214). The company expands its operations internationally through franchising. They even aim at being the quick service restaurant and give their customers a good experienc e in terms of product quality, taste and cleanliness. The business strategy of McDonald’s comprises of the franchisee model, product consistency and act like retailer think like a brand strategy. The franchisee model that is adopted by the company helps it to maximize on the returns and minimize the investment. According to this model only 15% of the total number of restaurants of McDonald’s is actually owned by

Paper on Aristotle and relationship at work Essay

Paper on Aristotle and relationship at work - Essay Example Mary, her friend for many years manages the marketing campaign at the company and frequently they have lunch together. They are all "friends", but in what capacity What does Aristotle have to do with Lori and her co-workers Although centuries have gone by, his theories on how we relate to one another, how we conduct ourselves and what motivates us have stood the test of time. Aristotle, born in 384 B.C. began studying under Plato at the age of 17 and remained at his school for 20 years, in the later years as a teacher (Cliffs Notes, Author). He also had the appointment to tutor the 13 year old son of Philip of Macedonia, Alexander, who later became known as Alexander the Great. During the period of Alexander's conquests, Aristotle began his own school in Athens and it is during this time that he most of his "important writing and teaching" (Cliff Notes, Author). philosophy, politics but also touched on issues on morality and ethics. The compilation of his lectures and writings in the compilation Nicomachean Ethics give extensive thought to the reasons and motivations for our behavior. Aristotle believed that "Every art and every inquiry, and similarly every action and pursuit, is thought to aim at some good" (Nicomachean Ethics Book I.1) and that the ultimate good is to achieve happiness. Happiness is sought for the sake of being happy whereas other goals such as being healthy, or rich is sought out in order to be happy. So it seems that the different activities in which we engage in life are all a small part or subset of the big goal to be happy. Friendship is one aspect of the subset. Aristotle says it "is a virtue or implies virtue, and is besides most necessary with a view to living." (Nicomachean Ethics Book VIII.1.) In the scenario at the beginning, Lori has become friends with the people with whom she works, a necessary occurrence that enables her to enjoy the time spent at the company. Developing the friendships contributes to her happiness. Aristotle puts friendship into three categories: perfect friendship or that which is based on being good, useful friendship and pleasant friendship. Lori liking Mary for the sake of Mary (and vice versa) is an example of genuine friendship. (Book VIII.3) Since the relationship is based on desiring purely what is good for the other, this type of friendship is long lasting as "goodness is an enduring thing" (Book VIII.3). However, Aristotle believes that this type of friendship does not occur frequently as not only are 'good' people a rarity, but it also takes time to cultivate. Not e that perfect relationships can also be pleasant and/or useful; however, pleasant or useful friendships are not perfect and therefore, not lasting. These relationships are considered to be mutually beneficial, or what Aristotle calls equal. Lori's new friendship with Rosie is a useful friendship in that there is a benefit for her. Lori learns faster from Rosie and increases her value at the office and Rosie is able to decrease her workload to a manageable quantity -- mutually useful. If Rosie did not have a huge workload, the Last Name 3 contribution to the friendship could be a combination of utility and pleasantness or in other words, Rosie is useful to Lori and finds

ComLab Inventory Essay Example for Free

ComLab Inventory Essay 2. 1 Introduction This chapter will review all related work and technology used in developing the â€Å"Computer Laboratory Inventory System† This chapter will review on the technologies that relate to the needed research and the current or related projects that have been studied. 2. 2 Definition of Terms/Concepts 2. 2. 1 Barcode Inventory System The term â€Å"barcode inventory system† is generic and encompasses avariety of different applications and industries. The term is commonly used in warehousing, logistics, and distribution; it can also be used in retail point-of-sale, manufacturing, and various service sector implementations. In each case, at its core, a â€Å"barcode inventory system† includes ameasurable list of items or quantities and utilizes barcode technology in some fashion. Barcode technology is a means of interfacing humans to data processing equipment; therefore, barcode technology cannot be utilized independent of data processing equipment. Commonly, the data processing equipmentstores the results of a â€Å"barcode inventory system† in electronic form. 2. 2. 2 Automatic Data Gathering This term refer to the concept of data collection that run on script that will be developed. It is important that the system will automatic, by detection of the computer hardware and software component and then store the data into the database at the same time. The script will be based on JavaScript because it supports the Windows Management Instrumentation (WMI) and Windows Script Host (WSH). Both two components are required to enable the detection of the computer hardware and software function in this system. 2. 2. 3 Windows Script Host (WSH) The Microsoft Windows Script Host (originally called Windows ScriptingHost) is distributed and installed by default on Windows 98 and laterversions of Microsoft Windows. It is also installed if Internet Explorer 5 (ora later version) is installed. It provides scripting capabilities comparable to batch files, but with a greater range of supported features. Beginning with Windows 2000, the Windows Script Host became available for use with user login scripts. It is language-independent in the sense that it can make use of different Active Scripting language engines. By default it interprets and runs plaintext JScript (. JS and . JSE files) and VBScript (. VBS and . VBE files). Users can install different scripting engines to enable them to script in other languages, for instance Perl. The language independent filename extension WSF can also be used. The advantage of the Windows Script File (. WSF) is that it allows the user to use a combination of scripting languages within a single file. The researcher has taken the advantage of the scripting ability by developing a JavaScript file to be used as Automatic Data Gathering engine for Computer Inventory System. 2. 3 Different Types of Inventory System There are a number of different inventory systems starting with the most ancient system to the most advanced system. 2. 3. 1 Physical Counts (Periodic System) The most basic method of inventory tracking is physical counts. A lot of firms relied on physical count to try and figure approximately where they were at. 2. 3. 2 Two-Bin System The two-bin system is only slightly more sophisticated than the physical count system. Using the marvels of modern technology, this system uses two bins of materials. When one bin is empty, its time to re-order. 2. 3. 3 Perpetual Tracking This method of counting is demand driven. Instead of counting how many items are in inventory, we count how many leave inventory. The demand can be tracked by batches of inventory usage, such as demand that is entered once a week or they can enter in real time which provides the ability to continuously monitor inventory levels. If we are already in the practice of counting demand, this is a great way to track inventory because it involves little additional effort. It was ideal because there is little variability in the products that are demanded. For a supermarket, this can be more difficult because of the variety of products sold. Chapter III System Analysis and Design System analysis is the process of understanding and specifying in detail what the information system should do. This involves all the data gathered during the previous interviews with the subject personnel as needed by the researcher. This chapter covers on the presentation, requirements and specification of the proposed system. This also shows if the proposed system is feasible. System Feasibility Feasibility study is a systematic analysis and performed in advance to the project in order to provide some information about the project whether it should be undertaken or not. It involves the analysis of the system to determine whether it is feasible to develop the particular system. The feasibility on this proposed system was foreseen to be feasible to the Institution through the following factors: Operational This system will be operational feasible considering the fact that it will fasten the processing of the computer laboratory inventory system of Ramon Magsaysay Memorial Colleges. The proposed system will have a user friendly environment and the flow of the system can be easily comprehended by the user. Technical The technicality of the proposed computer laboratory inventory system is considered feasible because it was developed to help the staff in managing computer assets,especially when they are going to trace the computers and peripheral and domass upgrade. The purpose of the system is to help the staffs manage the computers inventory more effective and easy way. Using this Computer Laboratory Inventory System, staffs can get information about all computers, monitors and other peripherals that currently exist in the faculty. They also can trace where all the computers are located in the faculty whether in the computer labs, classes, offices, in the lecturer’s room or anywhere in the faculty. In order for the system to perform better, Computers should be placed in a well-ventilated area and should be well protected to avoid electrical problems. Schedule The Researchers was given an enough time frame to comply the proposed system for the Ramon Magsaysay Memorial Colleges – Computer Laboratory Inventory System. They were given one whole semester to finish the entire system and the study. This was very sufficient in conducting his study, performing interviews, designing and creating the proposed system. In designing and creating the system, the researchers was also allowed to use the unit in the computer laboratory of the school even extends his working hours during free time only. Economic Feasibility The proposed system is economically feasible to the Institution for the reason that the school will benefit and save money in purchasing the system. System Requirement Specification The system requirement of the proposed system is needed to run efficiently. If the hardware and the software do not meet the required specification, our system will probably encounter problems. The process of the computer may run slow which may cause delay. Hardware Specification Hardware refers to the physical components of a computer system which is required in the study. Below are the lists of the minimum requirements of hardware components of the computer for the proposed system. Colored monitor Mouse Standard Keyboard System Unit (at least Pentium 3) AVR (Auto-Voltage Regulator) Hard Disk (at least 80 gigabytes) Software Specification Software refers to the needed and required software applications in order for the proposed study to run and be used. Operating System-Microsoft Windows XP Service Pack 2 or Higher Microsoft Office 2003 Microsoft Visual Basic 6. 0 People The people involved in the proposed system are the direct users. They are categorized as primary users and secondary users. To manage the system the user should be computer literate and able to use and operate a computer so that they will have no difficulties of absorbing the instructions the researcher will have to give during the training period. This is essential so that they will not encounter problems while using the system. These users will also undergo several seminars or training to familiarize the system. This is highly recommended so that they could easily handle the system to avoid delay and errors. System Requirement Checklist During the requirements modeling, the researcher must have to identify and describe all system requirements. The System Requirements Checklist presents the inputs, process, outputs, performance and controls. Input – the data’s that are inputted and stored in the database considered as raw material that are being processed to create the necessary information. Process – are the transactions of an establishment being done on the data in thesystem. Output – the report and visual outcome of the processed data. Performance – trapping of errors and outcome of the processing. Controls – the shortcut keys that are used to manipulate the screen. Future Growth, Cost and Benefits This will discuss the benefits of the proposed system. The implementation of the new system is firmly believed and assured to produce tangible benefits though it has also intangible benefits to the company. Tangible Benefits The proposed system provides assurance to the company that Proposed System will lessen works loads and will provide a better service to the respondents. Aside from that, it can easily generate reports and it will improve the performance of the firm in terms of service. Intangible Benefits Immediate maintenance if there are some necessary technical problems occurs in the System. Scalability This is to test if the new systems will be capable of storing a large capacity of data that can hold information based on the specified needed requirements specifically on the hard disk. In the future growth, the system will reach its discarded period and will not be capable of storing information so the system is recommended to upgrade its program to sustain its operation. The researcher assures that the given hardware and software requirements are reliable and can sustain a large number of information. Enterprise Modeling This presentation contains the sequence in the Computer Laboratory Inventory System of Ramon Magsaysay Memorial Colleges. For the system to be efficient, the researcher develops graphical presentations about the proposed system. The system flowchart indicates the Proposed Computer Laboratory Inventory system that it could minimize errors on the whole operation compared to the existing system. The enterprise model shows how the entities are related to each other and it also widens our understanding on how the researcher designed the program to perform certain transactions. System Flow Chart, or data flow, is used to describe the flow of data through a complete data-processing system. Different graphic symbols represent the clerical operations involved and the different input, storage, and output information required. Although the flow chart may indicate the specific program used, no details are given of how the programs process the data. Context Diagram The above diagram shows the whole process done in the proposed Computer Laboratory Inventory system. This is to identify all the major input and output of the system. Data Flow Diagram of the Proposed Computer Laboratory Inventory System A Data Flow Diagram is a graphical representation of the â€Å"flow† of data through an information system. User User Account 1. 0 Category Info Item Info. Transaction details Category 3. 0 Reports Transaction Summary Report Inventory Report Table 1 File Maintenance Table 1. 1 User Information Input Add new user , Add new password, Process Add, Update, Save, Delete, Close, Refresh Output Display User Account Performance No Errors, user friendly Control Table 1. 2 Unit Information Input Unit Process Add, Edit, Save, Delete, Close, Refresh Output Display Unit Record Performance No Errors, user friendly Control Table 1. 3 Supplier’s Information Input Company name, Company Address, Contact Person, Contact No. Process Add, Update, Save, Delete, Close, Refresh Output Display Supplier Account Performance No Errors, user friendly Control Table 1. 4 Office Information Input Office Name, Office Address, Bldg. No. Process Add, Update, Save, Delete, Close, Refresh Output Display Office Account Performance No Errors, user friendly Control Table 1. 5 Officer Information Input Officer Name, Officer ID No. , Officer Department Process Add, Update, Save, Delete, Close, Refresh Output Display Officer Account Performance No Errors, user- friendly Control Table 1. 6 Category Information Input Category Name Process Add, Update, Save, Delete, Close, Refresh Output Display Category Record Performance No Errors, user- friendly Control Table 1. 7 Brand Information Input Brand Name Process Add, Update, Save, Delete, Close, Refresh Output Display Brand Record Performance No Errors, user- friendly Control Table 2 Transaction Table 2. 1 New Items Input Category, Unit, Brand, Description, Price, Date of Purchase, Supplier, Office, Officer, Process Add, Update, Save, Delete, Close, Refresh Output Display New Item Information Performance No Errors, user friendly Control Table 2. 2 Dispose Items Input Unit to Be Dispose, Reason of Disposal Process Search, Dispose, Refresh Output Display Dispose Item Performance No Errors, user friendly Control Table 2. 3 Repose Items Input Dispose ID, Reason of Repose Process Search, Repose, Refresh Output Display Repose Item Performance No Errors, user friendly Control Table 2. 4 Transfer Items Input Category, Brand, Transfer Office, Transfer Address, Process Search, Transfer, Refresh Output Display Transfer Item Information Performance No Errors, user friendly Control Table 3 Data Report Input None Process Print and Review Output List of All Information for One New Item and All Transaction

William Lyon Mackenzie :: essays research papers

William Lyon Mackenzie William Lyon Mackenzie's life can best be understood if man and legend are separated. William was born on March 12, 1795 in Scotland. Three weeks after his birth, his father, Daniel, supposedly died, but no record of his death has ever been found. William and his mother were said to gone through great hardship, having to move off of Daniel's land. After moving to Dundee, William, who went by the names Willie or Lyon, entered the Dundee Parish School at the age of five, with the help of a bursary. At fifteen, he was the youngest member of the commercial newsroom of the local newspaper. He also belonged to a scientific society, where he met Edward Lesslie, and his son, James. These two would be William's patrons throughout most of his life. In 1820, William sailed to Canada with John, another son of Edward Lesslie. Mackenzie was immediately impressed with Upper Canada. Before the end of the year, Mackenzie was writing for the York Observer under the name of 'Mercator'; In 1824, Mackenzie started his most famous newspaper, the Colonial Advocate. The first edition appeared on May 18, 1824. The sole purpose of this paper was to sway the opinions of the voters in the next election. On June 8, 1826, a group of fifteen, young, well connected Tories disguised themselves as Indians, and broke into Mackenzie's York office in broad daylight. They smashed his printing press, then threw it into the bay. The Tories did nothing to compensate him, so it was clear that they were involved. Mackenzie ntook them to court, and seeing that their 'disguise'; had been seen through, they offered Mackenzie  £200. He refused, and after a bitter trial, the court awarded him  £625. In March of 1829, Mackenzie went to the United States to buy books for resale, and to study the actions of the newly appointed Andrew Jackson. He compared the simplicity and the cost of American government to Canada's, and saw that their spoils system might be a way of doing away with some Family Compact members. When an assembly met in January of 1831, Mackenzie fully immersed himself into its proceedings. He demanded inquiries into abuse, and insisted on a review of representation in the province. He appointed people on the council to fight for what he, himself wanted, while what he personally did angered and annoyed the Tory members of parliament. On December 12, 1831, Mackenzie was voted out of parliament on a vote of 24 to 15.

Thailand: Analysis of the General Insurance Industry

Brochure More information from http://www. researchandmarkets. com/reports/606283/ Thailand Insurance Sector Description: Thailand is the 2nd largest economy in Southeast Asia, after Indonesia. It ranks midway in the wealth spread in South East Asia and is the 4th richest nation per capita, after Singapore, Brunei, and Malaysia. The Thai economy in 2008 is forecasted to grow at 5. 6% (in the forecasted range of 5. 0-6. 0%). This figure is an improvement on 4. 8% growth in the previous year according to Fiscal Policy Office (FPO), Ministry of Finance.In 2008 accelerated public sector spending led to recovery in domestic demand which is expected to be far more balanced economic expansion. Government policy would then be forced to stimulate the domestic economy. This happens when external demand is likely to be softened from possible global economic slowdown. External stability in 2008 will remain strong with current account surplus estimated to be 0. 5% of GDP (in the range of 0. 3-0. 8% of GDP). In contrast, internal stability in 2008 may have some risk with increasing headline inflation at 4. 5% (in a range of 4. 3-4. 8%).This is mainly due to rising energy and food prices in the world markets. According to ‘The Economist’, real GDP growth will slow down by 1. 15% p. a over the next 4 years (2008-12), as compared to 5. 3% p. a in past 3 years since 2007. This sluggishness of GDP can be attributed to various negative factors, such as political uncertainty, instability of foreign exchange rates, and continuous high petroleum prices in 2006. The Thai insurance industry, along with the wider Thai economy, has now however recovered from the depths of the Asian financial crisis and is experiencing noteworthy growth.The trend is expected to continue as public awareness of the need for insurance increases. Market Performance and Forecast Within a span of 7 years (2000 – 2007), Thai Insurance Sector has experienced a growth of 191% currently valuated at $9,434. 72 million. The Knowledge Centre predicts, the overall market size will increase by 72. 5% further and is expected to touch the highs of $13,012. 75 million by 2011. The life insurance market in Thailand between 2000 and 2007 increased at a CAGR of 16. 57%. The Knowledge Centre envisages that this trend would continue and the market will see CAGR of 5. 5% in 5 years and reach $8,306. 21 million in 2011. The non-life insurance market in Thailand between 2000 and 2007 increased at a CAGR of 10. 73%. The Knowledge Centre also forecasts that the growth will continue and the market will see CAGR of 8. 34% in the next 5 years with the premiums reaching $4,706 million by 2011. Competitive Landscape Some of the top foreign insurance companies in Thailand are ACE, AIG, Allianz, AXA, Generali, ING, Millea Holdings, Manulife, New York Life and Prudential (UK).The market is dominated by AIA, the local name of AIG that accounted for approx. 29% of all of gross premiums in 2007. Thai Life (TLI) is considered to be the second largest player overall with a market share of approx. 14%. The next largest group is considered to be a joint venture between non-life insurer Ayudhya, local conglomerate Charoen Pokphand and Allianz (AACP) with a market share of approx. 14%. Other major players in this market are Ocean Life, Finansa, local associates of AXA (Krungthai) and ING.Non-life insurance sector in Thailand is further sub-categorized under Fire, Marine & Transportation, Hull, Cargo, Automobile, Compulsory, Voluntary, Miscellaneous, Industrial All Risks, Public Liability, Engineering Insurance, Aviation Insurance, Personal Accident, Health Insurance, Crop Insurance and Other Insurance. Some of the top companies in this sector are Bangkok Insurance, Dhipaya Insurance, Phatra Insurance, New Hampshire Insurance, Ayudhya Insurance, Mitsui Sumitomo Insurance, MSIG Insurance, Sri Muang Insurance, Siam Commercial Samaggi, South East Insurance, Viriyah Insurance, Synmunkong I nsurance, Krungthai Panich etc.Driving factors – Balanced economic expansion and supporting role of the government – Recent reforms and government’s regulatory initiatives – Re-defined financial practices and strengthening of corporate governance Relaxation of restrictions on directors and senior executives of insurance companies Amendment of clauses governing the evaluation of assets & debts of a life insurance company Merger or consolidation of the large number of local insurers Middle income industrial developing nation Growing interest in Bancassurance Adoption of THBFix and Bibor Establishment of Insurance CommissionMajor trends, issues and opportunities – Mergers and acquisitions in Thailand's insurance industry are likely to drop off – Thailand's economy is slowing as the effects of high oil prices, rising interest rates and longrunning political uncertainty take their toll. – Political uncertainty and instability of foreign ex change rates – Bullish trend in fixed deposit rates – Government regulations laying a strong foundation for future growth – Increase in foreign ownership limits – Move towards a knowledge economy through skills development – Issues in Health Insurance Systems Topics covered in the report Thai economy, its performance, future outlook for 2008-09 – Government’s economic policies, macroeconomic factors, trends and analysis – Economic and Insurance environment in Thailand – Market performance and forecast for Thai Insurance Sector between 2000, 2007 and 2011 – Market performance and forecast for Thai Life Insurance Sector between 2000, 2007 & 2011 – Market performance and forecast for Thai Non-Life Insurance Sector between 2000, 2007 & 2011 – Recent reorganization of financial institutions and setting up of Insurance Commission – Corporate Finance Legislation and other major regulatory development s – Role of Bancassurance Specific regulations and norms by the Thai Government for insurance sector. – Sub-categorization of life and non-life insurance sector – Competitive landscape & market share of companies in life and non-life insurance sector – Company profiles of top players in life and non-life insurance sector Contents: 1. THAILAND 1. 1. THAI ECONOMY 1. 2. GOVERNMENT POLICIES 2. THAI INSURANCE SECTOR 2. 1. MARKET OVERVIEW 2. 2. MARKET PERFORMANCE & FORECAST 2. 2. 1. Thailand Insurance Market 2. 2. 1. 1. Thailand – Life Insurance Market 2. 2. 1. 2. Thailand – Non-Life Market 2. 3. DRIVING FACTORS 2. 3. 1.Recent Reforms 2. 3. 2. M&A or transfer of the business of an Insurance Company 2. 3. 3. Thai Corporate Finance Legislation 2. 3. 4. Role of Bancassurance 2. 3. 5. Recent Regulatory Developments 2. 3. 6. Insurance Commission replaced Department of Insurance 2. 4. TRENDS, ISSUES AND OPPORTUNITIES – AN ANALYSIS 2. 4. 1. Insura nce M&A likely to drop 2. 4. 2. Pending Legislations 2. 4. 3. Implications for Foreign Insurers 2. 4. 4. Skills development remains a key 2. 4. 5. Issues in Health Insurance Systems in Thailand 2. 5. GOVERNMENT REGULATIONS 2. 6. COMPETITIVE LANDSCAPE 2. 6. 1. Life Insurance 2. 6. 1. 1.Life Insurance Renewal Market 2. 6. 1. 2. Single Premium Market 2. 6. 2. Non-Life Insurance Market 2. 6. 2. 1. Fire Insurance Market 2. 6. 2. 2. Marine and Transportation Market 2. 6. 2. 3. Cargo & Hull Market 2. 6. 2. 4. Automobile Sector 2. 6. 2. 5. Miscellaneous Insurance 2. 6. 2. 6. Industrial All Risks Insurance 2. 6. 2. 7. Public Liability Insurance 2. 6. 2. 8. Engineering Insurance 2. 6. 2. 9. Aviation Insurance 2. 6. 2. 10. Health Insurance 2. 6. 2. 11. Personal Accident Insurance 2. 6. 2. 12. Other Insurance 2. 6. 3. Company Profiles 2. 6. 3. 1. American International Assurance company (AIA), Thailand 2. . 3. 2. ACE INA Overseas Insurance Company Limited 2. 6. 3. 3. Ayudhya Insurance Public Co mpany Limited 2. 6. 3. 4. Ayudhya Allianz C. P. Life Public Company Limited 2. 6. 3. 5. Bangkok Insurance Public Company Limited 2. 6. 3. 6. Bangkok Union Insurance 2. 6. 3. 7. Charan Insurance 2. 6. 3. 8. Deves Insurance 2. 6. 3. 9. ING Life Limited 2. 6. 3. 10. Indara Insurance 2. 6. 3. 11. Manulife Insurance (Thailand) Public Company Limited 2. 6. 3. 12. MSIG Insurance 2. 6. 3. 13. QBE Insurance (Thailand) Company Limited 2. 6. 3. 14. Sri Muang Insurance 2. 6. 3. 15. The Viriyah Insurance Co. , Ltd. List of TablesTable 1: Macroeconomic Trends: Population (mil. ) vs. Nominal GDP ($ bil. ) – 2002-2011f Table 2: Macroeconomic Trends: GDP per capital ($ bil. ) vs. Real GDP Growth (%) – 2003-2011f Table 3: Growth Trends: Inflation (2002-2008f) Table 4: Key Economic Indicators Forecast – 2007-2012f Table 5: Growth Trend Comparison: GDP Growth vs. Insurance Growth (%) – 2000-2011 Table 6: Thailand Insurance Market Value ($million): 2000-2007 Table 7: Thailand Insurance Market Value Forecast ($million): 2007-2011f Table 8 : Insurance Density: Premiums Per Capita in USD Table 9: Insurance Premium in % of GDP (2001-2011f)Table 10: Growth Trend of Life Insurance and Non-Life Insurance ($Million): 2000-2011f Table 11: Thailand Life Insurance Market Value ($million): 2000-2007 Table 12: Thailand Life Insurance Market Value Forecast ($million): 2007-2011f Table 13: Thailand Non-Life Insurance Market Value ($million): 2000-2007 Table 14: Thailand Non-Life Insurance Market Value Forecast ($million): 2007-2011f Table 15: Thailand Insurance Sector: Projections of Macroeconomic Drivers (2006-2010f) Table 16: Market Share of Top Players in Life Insurance Sector: Comparison between 2006 & 2007 (Million Baht) and their Growth (%)Table 17: Life Insurance Total Premium Growth Year on Year by Company 2006-2007 (%) Table 18: Life Insurance Market Growth by First Year Premium of Top Companies: Comparison between 2006 & 2007 (mn Baht) Table 19: Life Insuran ce Market Growth by First Year Premium of Top Companies: Comparison between 2006 & 2007 (%) Table 20: Life Insurance Premium Renewal (million Baht) and Growth (%) Year on Year for Top Companies (2006-2007)Table 21: Life Insurance Renewal Market Share of Top Companies in 2007 (mn Baht) Table 22: Life Insurance Single Premium Market Share of Top Companies in 2007 (mn Baht & % growth) Table 23: Loss Ratio of Non – Life Insurance Business (2007) Table 24: Marine and Transportation Companies: Markey Share by Direct Premium (Unit: 1,000 Baht) Table 25: Automobile Insurance Top companies by Direct Premium (2007) Table 26: – 2007 Table 27: 007 Table 28: 2007 Table 29: 2007 Table 30: Table 31: Table 32: Table 33: Top Miscellaneous Non-Life Insurance Companies: Market Share by Direct Premium (%) Top Industrial All Risk Non-Life Insurance Companies: Market Share by Direct Premium – Top Public Liability Non-Life Insurance Companies: Market Share by Direct Premium – T op Engineering Non-Life Insurance Companies: Market Share by Direct Premium (%) – Top Top Top TopAviation Non-Life Insurance Companies: Market Share by Direct Premium – 2007 Health Insurance Companies: Market Share by Direct Premium – 2007 Personal Accident Insurance Companies: Market Share by Direct Premium – 2007 Other Non-Life Insurance Companies: Market Share by Direct Premium – 2007 List of Charts Chart 1: Macroeconomic Trends: Population (mil. ) vs. Nominal GDP ($ bil. ) – 2002-2011f Chart 2: Macroeconomic Trends: GDP per capital ($ bil. ) vs.Real GDP Growth (%) – 2003-2011f Chart 3: Growth Trends: Inflation (2002-2008f) Chart 4: Key Economic Indicators Forecast (2007-2012f) Chart 5: Growth Trend Comparison: GDP Growth vs. Insurance Growth (%) – 2000-2011f Chart 6: Thailand Insurance Market Value ($billion): 2000-2007 Chart 7: Thailand Insurance Market Value Forecast ($million): 2007-2011f Chart 8: Insurance Density: Prem iums Per Capita in USD Chart 9: Insurance Premium in % of GDP (2001-2011f) Chart 10: Thailand Insurance Market: Segment Share 2007Chart 11: Growth Trend of Life Insurance and Non-Life Insurance ($Million): 2000-2011f Chart 12: Thailand Life Insurance Market Value ($million): 2000-2007 Chart 13: Thailand Life Insurance Market Value Forecast ($million): 2007-2011f Chart 14: Thailand Non-Life Insurance Market Value ($million): 2000-2007 Chart 15: Thailand Non-Life Insurance Market Value Forecast ($million): 2007-2011f Chart 16: Market Segmentation of Non-Life Insurance (%): 2007 Chart 17: Market Segmentation of Non-Life Companies by Ownership 2007 (%) Chart 18: Comparison of Direct Premiums of Non – Life Insurance Business (2007 & 2006) Chart 19: Direct Premium per Insurance Policy for 2007-2006 (Baht) Chart 20: Comparison of Sum Insured Per Premium of Non – Life Insurance Business Segments (2007 & 2006) Chart 21: Loss Ratio of Non – Life Insurance Business (2007) Chart 22: Market Share of Top Life Insurance Companies by Total Premium in 2007 (%) Chart 23: Life Insurance First Year Premium Market Segment in 2007 by Top Companies(%) Chart 24: Life Insurance Premium Renewal (million Baht) and Growth (%) Year on Year for Top Companies (2006-2007)Chart 25: Life Insurance Renewal Market Share of Top Companies in 2007 (%) Chart 26: Single Insurance Premium Company Segmentation 2007 Chart 27: Fire Insurance Companies – Market Share (%): 2007 Chart 28: Marine & Transport Insurance Segment Share (%): 2007 Chart 29: Cargo and Hull Market: Direct Premium Share (%) in 2006-2007 Chart 30: Marine and Transportation Companies: Markey Share by Direct Premium (Unit: 1,000 Baht) Chart 31: Market Share of Automobile Insurance Sub Sector 2007 Chart 32: Automobile Insurance Top Companies – Market Share by Direct Premium (%) – 2007 Chart 33: Market Share of Miscellaneous Non-Life Sector (%) – 2007 Chart 34: Top Miscellaneous Non-Life In surance Companies: Market Share by Direct Premium (%) – 2007 Chart 35: Top Industrial All Risk Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007 Chart 36: Top Public Liability Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007 Chart 37: Top Engineering Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007Chart 38: Top Aviation Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007 Chart 39: Top Health Insurance Companies: Market Share by Direct Premium (%) – 2007 Chart 40: Top Personal Accident Insurance Companies: Market Share by Direct Premium (%) – 2007 Chart 41: Top Other Non-Life Insurance Companies: Market Share by Direct Premium (%) – 2007 Authors: Jasvita Anand, Akash Rakyan & Nishith Srivastava Ordering: Order Online – http://www. researchandmarkets. com/reports/606283/ Order by Fax – using the form below Order by Post – print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8, Ireland. 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Private and Public Culture: Redefining the Borders Essay

Although defining culture into a universal definition that fits every social or academic mold can be a daunting task (Fischer, 2007), it is safe to say that every person in this world belongs to a certain culture. Recent trends in the demographics of America show exactly the possibility of separate cultures interacting, thereby indicating that multiple cultures flourish on that part of the world (Kim, 2001). In a larger sense, each country across the globe is home to a wide variety of cultures. The people who belong to each of these cultures certainly have their own cultural affiliations and the groups of people in each society also have their own as a collective body. As a result, a person, according to Richard Rodriguez, can become someone who is a part of a crowd and someone who is distinct from it. But is there really a distinction between public culture and private culture to begin with? To say the least, the notion of a private culture presumes the existence of a culture that is isolated in nature and is different from other cultures. A private culture, therefore, is one that is exclusive and cannot be easily absorbed by a foreign entity. If there are private cultures—indeed, if there are isolated and exclusive cultures—it is difficult to understand why cultures sometimes overlap with one another, why one culture shares several basic yet significant characteristics with other cultures, or why people have the tendency to absorb other cultures when the necessity and the situation call for it? I think there are no innate differences between public and private cultures simply because the notion of culture, in my opinion, is a state of the mind. Culture is something that is conditioned during the extent of a person’s life. It is something that is taught and passed-on from one generation to the next as a mental idea that seeks to differentiate the self within the group from other groups. In reality, that state of mind is only an excuse for intolerance when there should be no reason to sow hatred or indifference on the basis of cultural distinctions. Such distinctions do not carry actual value that is worth propagating for we live in a world where the only culture that exists is the culture of humanity. That being said, there is a need for college students to search for more than what we have at home simply because the home is not a bottomless source of information. To know the world around and appreciate it in its whole us is to go beyond the limitations imposed by the social institution of family. The task of understanding the rest of humanity requires us to step out of the comfort zones provided by homes and to come face-to-face with people around us. There is the culture called humanity waiting to be explored outside the home. The foundation that our families provide is incomplete in much the same way as that which society and our peers expect of us is similarly partial. There is need to explore both areas because they are two sides of the same coin in a manner of speaking. Initially, we are armed with information provided to us by our families. To develop into more complete human beings, we need to gather more comprehensive information from other sources such as formal learning institutions and social groups. However, breaking away from our families does not mean abandoning them altogether for the sake of living a more rounded life. While it is true that we need to severe ourselves from the clutches of our families at some point in time, it does not necessarily mean that we also have to totally forget them or leave them behind never to return again. What is needed is to learn to remove the limits imposed to us by our families in our attempt to understand the society and the rest of humanity while not failing to remember our so-called â€Å"roots† and tap them whenever the need arises. References Fischer, M. M. J. (2007). Culture and Cultural Analysis as Experimental Systems. Cultural Anthropology, 22(1), 1-65. Kim, E. Y. (2001). The Yin and Yang of American Culture: A Paradox. London: Intercultural Press.

Preparedness theory essays

Preparedness theory essays How has preparedness theory attempted to integrate a Pavlovian model of the acquisition of specific phobias with this biological specificity? What is the status of Preparedness theory today? When confronted with a phobic object or situation an individual appears to have little control and no alternative but to avoid the feared object or situation (Ohman Russian psychologist Ivan Pavlov established the study of classical conditioning (Bourne & Russo, 1998). Kalat (1998) states that classical conditioning involves a modification of involuntary behaviour. In this process, a neutral stimulus that causes no natural respon...

B-25 Mitchell in World War II

B-25 Mitchell in World War II The evolution of the North American B-25 Mitchell began in 1936 when the company began work on its first twin-engine military design. Dubbed the NA-21 (later NA-39), this project produced an aircraft that was of all-metal construction and powered by a pair of Pratt Whitney R-2180-A Twin Hornet engines. A mid-wing monoplane, the the NA-21 was intended to carry a payload of 2,20o lbs. of bombs with range of around 1,900 miles. Following its first flight in December 1936, North American modified the aircraft to correct several minor issues. Re-designated the NA-39, it was accepted by the US Army Air Corps as the XB-21 and entered into competition the following year against an improved version of the Douglas B-18 Bolo. Further altered during the trials, the North American design proved to have consistently superior performance to its competitor, but cost significantly more per aircraft ($122,000 vs. $64,000). This led to the USAAC passing on the XB-21 in favor of what became the B-18B. Development Utilizing the lessons learned from the project, North American moved forward with a new design for a medium bomber which was dubbed the NA-40. This was spurred on in March 1938 by USAAC circular 38-385 which called for a medium bomber capable of carrying a payload of 1,200 lbs. a distance of 1,200 miles while maintaining a speed of 200 mph. First flying in January 1939, it proved under-powered. This issue was soon remedied through the use of two Wright R-2600 Twin Cyclone engines. The improved version of the aircraft, the NA-40B, was placed into competition with entries from Douglas, Stearman, and Martin, where it performed well but failed to secure an USAAC contract. Seeking to take advantage of Britain and Frances need for a medium bomber during the early days of World War II, North American intended to build the NA-40B for export. These attempts failed when both countries elected to move forward with a different aircraft. In March 1939, as the NA-40B was competing, the USAAC issued another specification for a medium bomber requiring a payload of 2,400 lbs., range of 1,200 miles, and a speed of 300 mph. Further revising their NA-40B design, North American submitted the NA-62 for evaluation. Due to a pressing need for medium bombers, the USAAC approved the design, as well as the Martin B-26 Marauder, without conducting the usual prototype service tests. A prototype of the NA-62 first flew on August 19, 1940. Design Production Designated B-25 Mitchell, the aircraft was named for Major General Billy Mitchell. Featuring a distinctive twin tail, early variants of the B-25 also incorporated a greenhouse-style nose which contained the bombardiers position. They also possessed a tail gunner position at the rear of the aircraft. This was eliminated in the B-25B while a manned dorsal turret was added along with a remotely operated ventral turret. Around 120 B-25Bs were built with some going to the Royal Air Force as the Mitchell Mk.I. Improvements continued and the first type to be mass-produced was the B-25C/D. This variant increased the aircrafts nose armament and saw the addition of improved Wright Cyclone engines. Over 3,800 B-25C/Ds were produced and many saw service with other Allied nations. As the need for effective ground support/attack aircraft increased, the B-25 frequently received field modifications to fulfill this role. Acting on this, North American devised the B-25G which increased the number of guns on the aircraft and included the mounting of a 75 mm cannon in a new solid nose section. These alterations were refined in the B-25H. In addition to a lighter 75 mm cannon, the B-25H mounted four .50-cal. machine guns below the cockpit as well as four more in cheek blisters. The aircraft saw the return of the tail gunner position and the addition of two waist guns. Capable of carrying 3,000 lbs. of bombs, the B-25H also possessed hard points for eight rockets. The final variant of the aircraft, the B-25J, was a cross between the B-25C/D and the G/H. It saw the removal of the 75 mm gun and the return of the open nose, but the retention of the machine gun armament. Some were built with a solid nose and an increased armament of 18 machine guns. B-25J Mitchell Specifications: General Length: 52 ft. 11 in.Wingspan: 67 ft. 6 in.Height: 17 ft. 7 in.Wing Area: 610 sq. ft.Empty Weight: 21,120 lbs.Loaded Weight: 33,510 lbs.Crew: 6 Performance Power Plant: 2 Ãâ€" Wright R-2600 Cyclone radials, 1,850 hpCombat Radius: 1,350 milesMax Speed: 275 mphCeiling: 25,000 ft. Armament Guns: 12-18 Ãâ€" .50 in (12.7 mm) M2 Browning machine gunsBombs: 6,000 lbs. max. or 8 x 5 rockets 3,000 lbs. bombs Operational History The aircraft first came to prominence in April 1942 when Lieutenant Colonel James Doolittle used modified B-25Bs in his raid on Japan. Flying from the carrier USS Hornet (CV-8) on April 18, Doolittles 16 B-25s struck targets in Tokyo, Yokohama, Kobe, Osaka, Nagoya, and Yokosuka before flying on to China. Deployed to most theaters of the war, the B-25 saw service in the Pacific, North Africa, China-India-Burma, Alaska, and the Mediterranean. Though effective as a level medium bomber, the B-25 proved particularly devastating in Southwest Pacific as a ground attack aircraft. Modified B-25s routinely conducted skip bombing and strafing attacks against Japanese ships and ground positions. Serving with distinction, the B-25 played key roles in Allied victories such as the Battle of the Bismarck Sea. Employed throughout the war, the B-25 was largely retired from frontline service at its conclusion. Though known as a forgiving aircraft to fly, the type did cause some hearing loss problems among crews due to engine noise issues. In the years after the war, the B-25 was used by a number of foreign nations.

External Scanning and Analysis (Tata Motors) Essay

External Scanning and Analysis (Tata Motors) - Essay Example This is evident by the increasing demand for automobiles, new technologies in the industry, emergence of news products, and ratification of novel regulations to govern the industry. Such challenges create both opportunities and threats to Tata Motors in terms unique market demands. The market trend for automobiles is thriving with young people proving to be the potential buyers for cars. Automobile firms target youngsters who like trendy cars and other vehicles. Despite these changing trends, most organizations have also defined their demands on the kind of vehicles they prefer. Such demands have forced Tata to adjust to the new technologies in making fresh and economical vehicles capable of competing favorably in the market. Companies reminiscent of BMW, Toyota, and Mitsubishi among others threaten Tata Motors. The company has to conform to the new market trends and environmental changes or flourish to extinction. Nevertheless, Tata Motors has thrived to enhance its market share glo bally thus announcing astounding intensification in its revenues in the recent financial years. This illustrates that the company understands its environment and competes favorably with other rivals despite the challenges. Evaluating opportunities together with threats â€Å"Opportunities and threats† form exterior aspects that analyze the market trends during the formulation of future strategies.2 The opportunities deeming for Tata Motors are numerous but depends on its approach to the dynamic automobile markets. One of the opportunities is that the company is able to develop its market presence in many countries globally to enhance its market reach. Additionally, despite the stringent competition in the industry, its rivals might flop. This gives it a chance to boost its market breadth. Another opportunity is that the new lifestyle trends are favoring the Tata cars particularly the ‘Nano-car’ model. Majority of the youngsters prefers to by the state of the art cars giving the company an opportunity to improve and emerge with new products. Additionally, the company targets global niche markets in the compact car models. This grants it an opportunity to storm virgin markets and take root before the flock of other brands. The company also gathers a global influence that grants its some publicity in the market. The market volumes, seasonal fashion influences, partnerships, and well-orchestrated distribution channels are other opportunities enjoyable by Tata Motors globally. The threats engulfing the industry incorporate political and legislative aspects that influence the global markets. Most countries have set rules that might disfavor the automobile industry in terms of importation and use of automobiles. The global uproar on the environmental conservation forms another threat to Tata Motors and other industry players. The threatened world economy, season, climatic concerns, credit pressures, enduring competition, technology developments, a nd changing market demands are other threats that face the automobile industry. Using â€Å"Porter’s 5-forces framework† in evaluating the industry The â€Å"porter’s 5-forces model† illuminates the nature of competition within an industry3. The automobile indu

Accurate Business Forecasting Essay Example | Topics and Well Written Essays - 2000 words

Accurate Business Forecasting - Essay Example The paper analyses the aftermath of a poor forecasting and the success of good forecasting. It explains aspects concerning the platform of business operation, the means for executing the operation, and the levels of desired achievement. It details survival methodologies in a changing market and political scenario. It gives a macro outlook towards the key indicators that should be considered before venturing into a business on building construction. It encompasses almost all vital areas of business that play a role for the success and growth of the company. Why is Business forecasting important when we cannot predict the future? The answer to the question is to evaluate risks that can arise from every angle and prepare to counter them and reduce damage to business as much as possible. However, there is no forecast that is 100% right. All business forecasters strive to achieve the 99.9%. There is another side to the coin here. A business ventured with no sense of forecast can be a total failure at a very early stage. In other words forecasting sets goals for a business. The company strives for its goal and carries out its task according to a well-drawn plan based on the forecast. Building construction is an industry, which involves high amount of planning, huge capital, and careful execution .... Broadly, the company needs to analyze and accurately forecast the following three factors. Firstly, Market analysis and trend forecast. Secondly, Forecast of the company's top line and bottom line numbers, the so-called targets for growth on quality and quantity. Thirdly, Financial Analysis and the prediction of the underlying changes in the macro economy. Market Analysis and Trend forecast: This is the central nervous system of any construction company. As a start up company, it is very important to select the area of operation or to be precise the exact geography, where they propose to start and speed up business. Estimating the current demand for construction, and what would be the expected demand for future construction and the growth of competition. Market analysis and trend forecast (continued) 4 What will be the expected turn in the market condition in the geography of operation, the availability of land, the expected market potential, and how much of the pie will the company own in the future. 'Pioneer builders' a construction company chose nearly four years ago analyzed the market trend in the state of California and picked San Diego as its base of operation, as it could not afford stiff competition in cities like Los Angeles. The city of San Diego had good potential for future construction especially, a rising demand for residential construction. The company analyzed and focused its target segment and was able to drive sales and reap profits in their first project, based on the market forecast. Soon they acquired land for combined residential construction and the growing demand in the city got them better business. The company had analyzed data of almost six different prospective cities