Judicial Control of Administrative Action in India and Writs

1 Judicial Control of Administrative Action in India and Writs One of the important field of the study of the administrative law is the „? Judicial Control of Administrative Action in India. Today the power of the administrative authorities become very strong and thus it resulted different complications and repercussions in the socio-economic field in India. Therefore, considering the day to day increasing power of the administrative bodies judicial control is become an important area of the administrative law as because the judicial department i. . Courts have proved to be the more effective and beneficiary branch than any other Parliamentary or Legislative or Administrative action for the purpose of the controlling the administrative action in India. In this regard Prof. Jain & Jain rightly quoted that, â€Å"the real kernel of democracy lies in the courts enjoying the ultimate authority to restrain all exercise of absolute and arbitrary power.Without some kind of judicial p ower to control the administrative authorities, there is a danger that they may commit excess and degenerate into arbitrary authorities, and such a development would be inimical to a democratic Constitution and the concept of rule of law† . Administrative law also provides for control over administrative action by an outside agency strong enough to prevent injustice to the individual while leaving the administrative agencies adequate freedom to enable them to carry on effective administration. Administrative Action† is a very comprehensive term in which all the actions of administration are included. Administration is the meeting point of three types of government functions. The executive performs the residue of all these functions which are not vested in the two other branches of government i. e. the legislature and the judiciary. 1 Administration exercises a variety of powers. Administrative action may therefore, be legislative or judicial or neither, i. e. it could be discretionary non-judicial order or merely a ministerial act.All these functions are exercised by the administration. Administrative process in this way cuts across the traditional classification of governmental powers and combines into one, all the powers which were traditionally exercised by three different organs of state i. e. the legislature, the judiciary and the Executive. Power of Judicial control of the Administrative action may be divided under two heads in India :- (I) Judicial Control of Administrative actions by Writs: Administrative actions may be controlled by the Courts by issuing different writs under different circumstances in India.Courts through issuing different writs playing a vital role in the judicial control of administrative actions in India. Article 32(2) provides that the Supreme Court shall have power to issue directions or orders or including writs in the nature of habeas corpus, mandamus, prohibition, quo warranto and certiorari, whichever may be appr opriate for the enforcement of any of the fundamental rights 2 and for the control of the administrative action in India. This right is available only against State as defined under Article 12 of the Constitution of India.This Article provide only Original jurisdiction to the Supreme Court not the Appellate jurisdiction. Thus a person can go straight to the Supreme Court for the protection of his Fundamental rights; this jurisdiction of Supreme Court under Article 32 of the Constitution is considered as a part of the basic structure of the Constitution. Article 226 empowers the High Court to issue writs for the enforcement of the Fundamental Rights as well as for any other oppose. Article 226 provides that notwithstanding 1. Jayantilal Amrat Lal Vs F. N. Rana, A. I. R. 1964 S. C. 648, 55. . Bandhua Mukti Morcha V. Union of India, A. I. R. 1976 S. C. 803. 2 anything in Article 32, every High Court shall have power throughout the territories in relation to which it exercises jurisdict ion, to issue to any person or authority including in appropriate cases any Government within those territories, directions, orders or which including writs in the nature of habeas corpus, mandamus, prohibition, quo warranto and certiorari, or any of them for the endorsement of any of the Fundamental Rights guaranteed by part III of the Constitution and for any other purpose.Both Article 32 and Article 226 provide five kinds of writs through which administrative action may be judicially controlled along with other actions. Article 226 under clause (4) made it quite clear that though both the Articles provides right of writs under the same heads, i. e. habeas corpus, mandamus, prohibition, quo warranto and certiorari, but the power conferred on a High Court by Article 226 shall not be in derogation of the power conferred on the Supreme Court by Clause (2) of Article 32.Judicial Control over administrative action is exercised through the Constitutional extraordinary remedies and statu tory ordinary remedies as well. Provisions for extraordinary remedies have been made under Article 32 and 226 of the Constitution. For controlling administrative action Supreme Court and High Court can issue the writs of habeas corpus, mandamus, prohibition, quo warranto and certiorari. A short discussion is given hereunder:Habeas Corpus: Habeas Corpus means bring the body.The writ of habeas Corpus is issued as an order calling upon the person who has detain another person to produce the detune before the Court to examine the legality of his detention. If the detune is produced before the Court and the Court finds the detention is illegal then it will order for the immediate release of the person detained illegally. The main objective of this writ is not to punish the person who has detained another person illegally but to secure immediate release of the person detained illegally whether in prison or private custody.Mandamus: The writ of mandamus is, in form, a control or command is sued by the Superior Court (the Supreme Court and High Court) to the Government, inferior court, tribunal, corporation, authority or any other person having public duty to perform asking such the Government, inferior court, tribunal, corporation, authority or any other person to perform the public duty or to refrain from doing illegal act.Thus mandamus is defined as a command issued to direct any person, corporation, inferior court or government requiring them or him to do any particular thing which he or they should do as a duty of his or their office and is in the nature of public duty or to prevent them from doing any illegal act. The purpose of this writ is to compel the performance of public duties prescribed by the statute and to keep a control over the subordinate court, Tribunal, corporation and other officers or administration exercising public duty.Certiorari: The writ of certiorari is the writ, which is issued by the Superior Court (i. e. Supreme Court or the High Court) to the inferior court or Tribunal or body exercising judicial or quasijudicial functions to remove the proceedings from such Court, Tribunal or body for examining the legality of the proceedings. If any order passed by the lower court or Tribunal or body exercising judicial or quasi-judicial functions is found to be illegal by the Superior court then the Superior court may quash or demolish it.It also controls the judicial or quasi-judicial functions of the inferior court or Tribunal or body exercising judicial or quasi-judicial functions exceeding it jurisdiction. 3 The prime aim of the writ of certiorari is to keep judicial control over the inferior courts or Tribunal or bodies functioning judicially or quasi-judicially within the limit of the jurisdiction allocated to them by the law and to prevent them from acting in excess of their jurisdiction.Prohibition : The writ of Prohibition is issued by a superior court to an inferior court or tribunal or body exercising judicial or qua si-judicial functions for preventing such inferior court or tribunal or body exercising judicial or quasi-judicial functions from uprising jurisdiction which is legally not vested to them or from acting in violation of the principles of natural justice or from acting under the unconstitutional law.The object of the prohibition is to restrain the inferior courts or tribunals or bodies exercising judicial or quasi-judicial functions from exceeding their jurisdiction. To control and keep them under the limit of their jurisdiction. Prohibition is an order of Superior courts directed to an inferior courts which forbids the court to continue proceedings in excess of its jurisdiction or in contravention of the law of the land.Quo Warranto: The word ‘Quo Warranto’ means „By what authority?. The writ of Quo Warranto is issued against a person who occupies or holds or usurps an independent sustentative office and asked him to show by what authority he claims it. The procedu re of this writ confers jurisdiction on the court to call upon the person holding an independent substantive public office or franchise or liberty to show by what right or authority he holds the said office or franchise or liberty.The unauthorized or illegal occupant of such office may be ousted by the judicial order and the person entitled to the office may be allowed to hold or occupy it. The object of this writ is to protect or control the right of the citizen through Courts from being deprived of public office to which he may have a right. By this writ the court protects the public from usurpers of the public office and control the administrative action in making appointment of the public office.Through this writ the court protects a citizen from being deprived of a public office to which he is legally entitled to hold. (II) Judicial Control of Administrative action by other than Writs: Some important aspects other than Writs also provided to the Constitution of India for the ju dicial control the administrative action in India. (i) Special Leave to appeal: The power of judicial review conferred on the Supreme Court under Article 136 is special or extraordinary in nature. This power is in the nature of a residuary reserve power of judicial review.Article 136 lays down that the Supreme Court may, in its discretion, grant special leave to appeal from any judgment, decree, determination, sentence or order in any cause or matter passed or made by any Court or Tribunal, except any Court or Tribunal constituted by or under any law relating to the Armed Forces. Since the Supreme Court has been invested with a plenary jurisdiction to hear appeals against the decisions of Administrative Tribunals and other adjudicating agencies, it is now regarded as an important mode of judicial review of administrative adjudications.But this jurisdiction is special and exercisable outside the purview of ordinary law. The Court entertains special leave only where the needs of justi ce demand its interference. 3 (ii) Supervisory Jurisdiction: The power of judicial review which has been conferred on all the High Courts under Article 227 is supervisory in nature. Article 227 provides that ever High Court shall have superintendence over all Courts and tribunals throughout the territories in relation to which it 3. Durga Shanker Mehta v. Raghuraj Singh, A. I. R. 1951 S. C. 20 (522). 4 exercises jurisdiction. This supervisory power is both judicial and administrative in nature. 4 The supervisory jurisdiction conferred on the High Courts under Article 227 is in addition to the power given under Article 226 to control inferior Courts or tribunals. The supervisory jurisdiction extends to keeping the subordinate tribunals within limits of that authority and ensuring that they obey the law. The power under the article can be exercised even in those cases in which no appeal or revision lie to the High Court5.Though all the above mentioned writs and non-writs power are imp ortant weapons against state (Article 32) as well as against any detune, whether a private person or State (Article 226) for the judicial control of the administrative action in India but the main instinct for the judicial control of the administrative action by writs is the writ of ‘MANDAMUS’ and ‘QUOWARRANTO’ which are equally protective against the violation of judicial as well as administrative action, and among the other than writs power is the ‘SPECIAL LEAVE TO APPEAL’ which empowers to appeal from any judicial and administrative judgment in India. ***** Department of Law, B. U. Shashi Nath Mandal LL. M ( Part – II), 4. Ram Roop v. Bishwa Nath, AIR 1958 all. 459. 5. Jagir Singh Ranbir Singh, (1979) 1 SCC 560.

Jeremy’s First Day Essay

Jeremy was very excited.   His eyes popped open even before his alarm clock rang. He had been waiting for this day all summer.   It was his first day at his new school.   Jeremy’s mom promised him that this school was going to be even more fun then the one he went to when they lived in his old house before they moved to this town. Jeremy jumped out of bed and quickly got dressed in the outfit had had picked out especially for his first day. He combed his hair and brushed his teeth like his dad told him he should do every morning. Jeremy’s parents were just sitting down to breakfast and were very surprised went he walked into the room. â€Å"My, you sure got ready awfully quickly† said Jeremy’s mother. â€Å"Are you all ready for school?† asked Jeremy’s dad. Then he added, â€Å"Do you think a pancake would help?† Jeremy smiled, â€Å"It sure would!† After they ate Jeremy’s mother looked at her watch and sprung from her chair â€Å"Where did the time go?   We’re going to be late!† They ran to the car and waved good-bye to Jeremy’s dad who reminded him to be good. Jeremy’s mother drove quickly and they got to school just in time.   Jeremy hugged and kissed her good bye and she too reminded him to be good. As he walked into the building, he heard his mom tell him to â€Å"knock their socks off!† Jeremy got to his classroom just as the bell rang and found a seat in the very middle.   All of the other second graders looked at him in wonder.   His dad had told him to expect this.   Jeremy was the new kid.   People would look at him because they didn’t know him and they would be curious about what he was like.   They might want to know about where he was from and what kinds of things he liked to do.   His mom said it might feel funny to be looked at like an animal in a zoo, but that they didn’t mean any harm, and as soon as they were used to him, they would all be friends. The teacher stepped in front of the class and wished them a good morning.   She wrote her name on the board and began to call out the children’s names. â€Å"Anna Abbott?† â€Å"Here† â€Å"Nicholas Baca?† â€Å"Here.† â€Å"Jeremy Dennis?† â€Å"Here.† Everyone got quiet and looked at Jeremy very hard.   Then suddenly a girl in the front row said, â€Å"You’re not a boy!† â€Å"How come he’s wearing a dress?† asked the boy sitting next to Jeremy.   Then everyone began to talk excitedly.   They all wanted to know if Jeremy was a boy then why he was wearing a dress. Jeremy was confused.   No one had ever asked him about his clothes before.   Other students in the class were wearing dresses and no one seemed to notice. The teacher quieted the class and turned to Jeremy. â€Å"Are you Jeremy Dennis?† â€Å"Yes, I am† said Jeremy. â€Å"Welcome to class Jeremy.†Ã‚   She then went back to calling the role. The first day was a very long one.   At recess, everyone wanted to know about Jeremy’s old town and school, but mostly they wanted to know why he was wearing a dress.   Some of the students were very nice and some were not.   Some of them asked questions about what kinds of games Jeremy liked to play and were excited to have him on their soccer team because Jeremy was very good.   Some said mean things to him about his clothes.   Jeremy wondered if their parents had told them to be good this morning too. By the end of the day, Jeremy had learned that even though the school didn’t have any rules about clothes, boys at this school only wore shorts and pants, but girls were allowed to wear anything they wanted.   This seemed unfair to Jeremy. At dinner, he explained to his parents the funny rules the children at this school followed.   Jeremy’s mother sighed and told him that everyone one and everywhere is different and he just had to decide which rules he wanted to follow. That night, as he went to sleep, Jeremy knew exactly what he was going to wear the next day. Discussion Plan This story addresses gender issues are well as the role of authority and rule making and breaking.   Some questions that approach these issues could include: Why did the child say Jeremy was not a boy? What is the difference between a boy a girl? Why do the boys not wear dresses? Are their rules that you follow that are not written down? How do you learn about these rules. Who decides these rules? How do you know if these rules are fair? Other topics to address would be sayings like â€Å"where did the time go?† and what it means to â€Å"be good.†

Study of diary products supply chain with its various components and Essay

Study of diary products supply chain with its various components and aspects - Essay Example We ensure that the amount of fat is reduced and this fat which has been removed is used in the making of products such as butter and cream, all these being the ingredients found in cheese, which will be our primary focus in this paper. Good manufacturing practices such as hygiene, quality assurance and marketing are critical (Andreas & Carl, 2011). Production requirements Cheese storage area capacity is predominantly determined by the target cheese types which are intended through put plans. The equipment which will be necessary for cheese making depends on the type of cheese being produced and facilities which are specifically designed are required, and advice/factory design should be sought. According to the nature and complexity of making cheese, which usually requires precision if one is considering going into cheese making, proper training is a basic requirement. The key areas for consideration in the manufacturing of cheese are pasteurization process of milk, quality control, h ygiene and finally marketing and distribution (Andrew, Dan, & Tom, 2006). Legal requirements There are stringent hygiene regulations to be adhered to since safety is an important consideration in the cheese business as is in any other food business. ... Cheese is a complex food comprising of only a few simple ingredients. There are thousands of varieties of cheese around the world developed by cheese makers, each with a unique taste, texture and nutritional profile. Absolutely, no cheese is similar and we have a large number of standards, due to the existing ways in adjusting the basic recipe of products such as mozzarella, Brie, blue, Swiss, Cheddar and many more. There are two basic types of cheese which we deal with and they are: Natural cheese which comprises of about four ingredients which are basic and they include salt and milk among others. The cheese nutrients such as calcium, protein and phosphorus are due to the milk being the main ingredient. Salt is required for the final transformation of liquid milk into cheese while also acting as a natural preservative. Processed cheese which is made from high-quality natural cheese. Therefore, it also comprises of the said nutrients (calcium, phosphorus and protein). One of its maj or differences with natural cheese is that processed cheese can be modified to have more calcium as well as extra vitamin D. For processed cheese, the processing is known to stop the aging process, thus maintaining its flavor, texture and smoothness over extended periods of time. Processed cheese can be customized for flavor and qualities such as a smooth melt responsible for making it versatile, tasty and easy-to-use food. There has to be careful application of amount of salt used since it will impact its firmness, flavor, food safety and preservation crucial for our customers. Supply Chain At the start of cheese supply chain, we have the farmers who supply the milk. There are well known unions who we deal with and have been in operation for well over a decade, who specialize in dairy

Summary of Article on Current Business Issue Example | Topics and Well Written Essays - 750 words

Summary of on Current Business Issue - Article Example Each year thousands of new college graduates enter the job market in America. During the summer of 2012 the U.S. economy lost 8.8 million jobs and only added 3.8 million which results in a net job loss of 5 million jobs (Corona, 2012). It is estimated that if the U.S wants to cut down the unemployment rate to 6%, which would be near the natural unemployment rate of 5%, for it to happen the U.S would have to create 361,000 jobs a month for the next three years (Corona, 2012). One of the reasons that the official economic unemployment rate the government promotes is not accurate is because it does not account for the 88 million Americans that have given up in finding a job due to the poor job marketplace in America. The unemployment dilemma in our country is about to get worse because as reputable sources such as the Wall Street Journal predict a slowdown in the second half of the year and high unemployment for years to come (Corona, 2012). The current employment crisis in America is t he government fault. The current economic policies the government is implementing are not creating sufficient jobs to reduce unemployment in America. President Obama has been heavily criticized for maintaining Bush tax cuts for the middle class for another year. The policy Obama implement has been viewed as a strategy to earn votes during the upcoming elections. These fiscal policies are outdated since they are aligned with the strategies that the government has used during the last ten years. There is some speculation that the current government is going to impose tax hikes if the Democratic government is reelected. The Unites States economy has a great effect on the economies of many countries around the world. â€Å"There is some truth that our problems are a reflection of troubles in the European Union and a softening of the Chinese economy† (Corona, 2012). The Unites States is the largest trading partner with China and it is not in the best interest of China for the U.S economy to be suffering. Most economists agree that when the U.S economy is booming it has ripple effect that positively impacts the global economy. The TARP legislation has been viewed as a negative variable that has not served its purpose of helping the economic system. These governmental policies were focused on saving the banking industry rather than the general business community. A major reason for the bad state of the U.S economy is the lack of trust of American in what the government if doing. People are getting frustrated at the slow reaction of governmental official at tacking the issues and problems in the economy. A major drawback of the new governmental policies is that they are increasing the taxes for business entities. This is causing a lot of multinational companies to move their operations oversee where they can obtain cheaper labor costs and preferential tax treatments. A lot of companies in the U.S are riding tough economic times and the government is not doing a nything to gain their confidence that they can continue to operate in America in a profitable manner. When businesses face tough economic times the inevitable result is a lack of job creation and a movement of multinational operations to downsizing their operations in America in search for cost savings by moving operations oversee. It is sad that in the United States small companies

Surrealism and 'True' Reality in Quentin Tarantino's Films Essay

Surrealism and 'True' Reality in Quentin Tarantino's Films - Essay Example According to the findings, it can, therefore, be said that Tarantino directed the films in such a way that they were explicitly more or less about redemption. Also artistically, they are postmodern. Such that they tend to blend genres and are also highly allusive. In both the films, the characters struggle to become â€Å"real† people and live a â€Å"real† life without succeeding. This is because the redemption they seek is achieved through suffering and even death, as in the case of the gangsters in Reservoir Dogs. Hence, there is no desire to shed the uniforms and become â€Å"real† people.  Tarantino aims at reflecting a postmodern sensibility about an ability to know and understand the world and also, about the value and significance that every person’s life has and also their actions. The films illustrate the â€Å"real† world as the civilian world, one without struggle and any need for redemption. In order for one to become a â€Å"realâ⠂¬  person, they needed to shed their uniform. However,   some removed their uniforms without any intentions of redemption.

Analysis of video Essay Example | Topics and Well Written Essays - 1000 words

Analysis of video - Essay Example For example, they have right to acquire wealth, they can take legal action against another person and they can also be prosecuted in the court for their misconduct. Corporations in the United States and the rest of the nations are gaining huge influence over normal persons and as a result, they often abuse the rights of the individuals in the society (Bakan, 2012). This is because they are less conscious about the needs of the people since their endeavor is to achieve their goals of amassing affluence irrespective of the impact of their actions in the community. Nature of Corporation’s Institutions According to Bakan (2012) corporations are basically established to with a motive of generating wealth or their shareholders. Unlike ordinary persons, corporations lack conscious for the human feelings hence will do anything in order to acquire more wealth. They subject human beings into torture due to their activities without minding about their actions (Banerjee, http://www.google .co.ke/search?tbo=p&tbm=bks&q=inauthor:%22Subhabrata+Bobby+Banerjee%222009). Although normal human being would not subject their fellow human beings into immense sufferings, corporations have no concern for human life. Their focus is to engage in activities that will generate wealth for the investors. In the modern society, corporations are enjoying extreme autonomy which a normal person cannot enjoy. This is because corporations are made up of different individuals and since their focus is on the returns they will make, they have a lot of wealth which they use to defend their positions against all evils they commit (Macfarlane, 2002). This prevents individuals from enjoying their liberty granted by the constitution. Consequences of Corporations Institutions in the Society The law of the nation requires individuals to enjoy liberty without partiality by any one. However, corporations are taking advantage of the needy people in the society and convert them into a supply of affordable labour (Macfarlane, 2002). They pay them low wages just or maintenance of their lives. They want to law taxes from their income. Corporations aim at amassing immense wealth from the public while offering negligence assistance to the society. For example, they pay their workers very low wages, abuse children, paying low taxes by failing to declare their entire gains from their trading activities (Bakan, 2012). The corporations are trying to acquire maximum wealth from the nation while they want to offer little in return. The negative impacts of the corporations’ activities are affecting people who do not gain anything from the corporation’s (Bakan, 2012). For example, damping of the wastes materials and emissions due to their production activities has detrimental effects of the environment. The emissions of poisonous substances are adversely affecting human beings, aquatic life and vegetation. They are the major causes of cancer disease which is continuing to take away the lives of many people. Corporations such as Monsanto and Syngenta among others use chemicals which have detrimental effects on the surroundings and on human beings. Some corporations spray their workers with chemicals in order to evade spread of diseases by the workers. These are hindrance to the freedoms of the individuals and have negative impact in the society. Furthermore, huge corporations fail to disclose vital

American Government Essay Example | Topics and Well Written Essays - 1250 words

American Government - Essay Example It is better - much better. To start, America is now a place where people can tastefully joke about race. Since many democrats believe that former president Bill Clinton was good for the economy, and a proponent for initiatives that positively impacted lower classes, which of course includes many African-American families, it is joked that he is the first black president. According to DeWayne Wickham's "Clinton, Africa, and True Colors," which was published in USA Today, author Toni Morrison coined the phrase. Wickham doesn't think that Mr. Clinton can be called the first black president, but agrees he is "almost certainly the next best thing" (para. 1). It's not that Morrison's comment did not offend some. It did. The truth is, though, that many African Americans embrace the term, and even laugh about it. It is probably one of the reasons that Mrs. Clinton has some of the momentum she has - people long for the thriving economic times generated by the last Clinton in office. It is impressive, though, that a wh ite president can be looked upon as favorably by black people as Mr. Clinton was, and it is even more impressive that the average African American is not offended by his being called black. Obama has even joined in the jibing. In an Economist article, "Primary Colour," Obama was asked how he feels about the former white president being called black. ... Referring to Clinton a potential brother, a term of endearment from one black man to another, is also funny. There was a time when a black man would have died for merely suggesting that a white man was kin to a black man. Now, it is no more than a punch line. That's progress. With all the fight for equality that women, too, have suffered, it would seem that most women would jump at the chance to elect a female president. That isn't always the case. It says a lot about the country that women, even white women, are supporting Barack Obama. In "Black Women Talk Barack," Amy Alexander writes that the "archetypal 'black woman voter' does not exist" (10). Alexander explains that white women of the baby boomer generation are enthusiastic about Obama. Black women, who are often seen as conflicted about whether to vote their race or gender, may also be leaning more heavily toward Obama. Alexander writes that this phenomenon is even easier to explain. "The mothers of black boys are going to vote for Obama" (10). The truth is, Obama offers hope to African Americans everywhere. Alexander is correct. He is what every mother, whites and blacks, though, wants her son to be. Obama is smart, educated, articulate, and promising to look out for the every day American. With all of the struggles and discrimination that black people have faced, and still do, he is more than just a possible black president. He is a beacon of understanding. Clinton might speak of understanding the plight of black people, or the lower class, but Obama is black people. One of his own family members, according to a television interview, was among the class of people who die from illness, or old age, and can't

Business law Essay Example | Topics and Well Written Essays - 500 words - 18

Business law - Essay Example The courts might have used the written law to make their judgments. Andersen was found guilty of obstruction of justice for destroying of potential evidence by shredding their documents which could have been used by Securities and Exchange Commission (SEC), the agency of the US Government With the primary responsibility for regulation of securities markets. Under US GAAP, the only acceptable method of financial reporting is consolidation of controlled entities .non consolidation can only occur under specific conditions Outside USA; consolidated financial reporting is called group accounting and is required when one entity owns more than half of the other entity and can dictate its operations. Consolidating financial reporting is complex and requires financial statements to be combined and reported as a single financial report. Enron failed to comply with this ethic Enron major crime was misrepresentation and misleading the general public about their financial position. Enron did not disclose its real financial figures. The major requirement in US financial reporting is disclosure of information. The disclosure requirement is based on the premise that markets are efficient. Enron traded on future contracts called derivatives because they derived their value from underlying assets. The market of the contracts reduces the volatility of prices by fixing a price at a future date. Example assume Enron have two option contracts matching the same amount of a commodity over the same period of time. One contract was to purchase the commodity while other contract was to sell the commodity. Enron looked on to the future on the assumption that contracts were exercised and there were net results. After evaluating all cost, the net income (loss) was estimated. The net income (loss) was discounted to its present value and recorded as loss. Earnings reported under the market to market were easy to manipulate because active markets for contracts dating

Communications at work Essay Example | Topics and Well Written Essays - 1000 words

Communications at work - Essay Example The managers are responsible for the performance of the entire staff of workers. It is essential for a manager to have excellent verbal and written communication skills. Corporations that achieve good internal and external communication are more likely to succeed in the business environment of the 21st century. The arrival of the broadband age changed the speed information travels around the world. Information travels in real time through the internet. The use of broadband internet has helped corporations maintain communication with employees and other stakeholders. The internet can be used to transmit real time video phone conversations. It can be used to replace traditional telephone lines with the use of VoIP technology. The employees of companies communicate with customer through the use of email communication. ... It is important for co-workers to maintain friendly relationship and to communicate with each other during work hours. A lack of communication hurts the synergy of a business enterprise. Synergy is achieved when the whole is greater than the sum of its parts (Schermerhorn & Hunt & Osborn). A work atmosphere where the employees maintain open communication constantly is a place where worker feel comfort and trust. When employees are unable to talk about their work related problems small issues can turn into catastrophic events. When the lines of communication become locked, the workers may make wrong assumption which leads to mistakes in the workplace. A lack of communication hurts the corporate culture of an enterprise. Companies that are dynamic and adaptive have good communications in place at their companies. When there are communication problems in place the problem must be solved from top to the bottom. The executive management team has to implement measures to improve communicat ions. There are different ways that communication can be improved in the workplace. A solution to a communication problem among the workers is to implement an intranet network that allows the employees to communicate with each other via the computer. If the company does not have the resources to design and implement an intranet the employees can open up a free yahoo mail account that allows the users to chat with each other. The Yahoo chat messenger can serve as a way to allow the employees to contact each other. Five clues that communication problems are occurring in the workplace are: 1. Teams aren’t achieving goals 2. Employees won’t readily cooperate 3. There are morale problems 4. Messages are not return promptly 5.

Information management system Essay Example | Topics and Well Written Essays - 2000 words

Information management system - Essay Example ............12 Information Management System –  Google Plus Executive summary The advancements that have been made in technology over the years have led to a change in the ways that organizations conduct their business activities, with new methods and practices having been introduced in this neo modern era as a result. Whereas many functions were mostly handled manually or at least supervised thus in the past, the progress that has been made in the software and hardware industry have allowed for more mechanized responsibility to take over. This has proved to be more efficient and accurate in terms of capability and companies are beginning to realize the importance of inducting their organizations to this technological revolution. Among the various advancements that have been made in this era is the creation of Information Management Systems. These are one of the more popular inventions to enter the various industries and have proved to be a great success in the various field s in which they have been applied. A thorough study of the various models available to an organization serves to educate the company on the best strategy to implement according to their particular needs. Introduction Information management systems can be described as a collection of both hardware and software combined with the ability to receive and filter raw data and then process and use it to create new data relevant to certain organization.. The ability of Information Systems (IS) to perform these tasks has made life a whole lot easier for organizations operating on the basis of large amounts of different types of information flowing within and without the company in order for it to function efficiently. What previously took a lot of man power and hard labor can now be done in a span of minutes as the Information Systems are able to calculate needed equations at a considerably faster rate than man. As a result, these Information Systems have now occupied a strategic role in cont emporary business  Ã‚   organizations that now use them to build sustainable competitive advantages over their rivals as they try to maintain an edge above the rest of their peers in the industry. Conceptual framework Google is one such company that can be used as an example of the importance of Information Systems in the new age business (Google). As this organization started out as a search engine, it can be said that information was the forte that it dealt with and this is something that is still needed to date not only in their original business, but in their in-house activities as well. The organizational strategy of the company can thus said to be the future expansion of its influence on the social network market through the introduction of new and unique services within Google Plus to attract new clientele. Before one studies the various Information Systems that are used by the company and the various advantages that they bring to the table however, it is essential to first try and understand the strategy that they have undertaken within the market to ensure that they maintain their competitive edge and are not usurped by their rivals (McKeen & Smith 89). This can be done using the Michael Porter’

Nickel and Dimed Essay Example for Free

Nickel and Dimed Essay In the book â€Å"Nickel and Dimed: On (Not) Getting by in America† Barbara Ehrenreich writes of her experiences working and living in what is considered mainstream America. In the sociological perspective the method of research Ehrenreich used was that of participant observation in which the researcher participates in the research setting while observing what is happening in that setting. The type of people studied were the lower middle class, the working class and the working poor. Lower middle class is about 30 percent of the population and members of this class have jobs that call for them to follow orders given by those who have upper middle class credentials. Their technical and lower level management positions bring them a good living, but is usually constantly threatened by taxes and inflation. In Ehrenreich’s book she discusses how these groups of individuals will feel secure in their positions and anticipate being able to move up the social class ladder. The distinction between the lower middle class and the working class on the next lower rung are more blurred than those between other classes, but members of the lower middle class work at jobs that have slightly more prestige and their incomes are generally higher. The focus on the book was more on the working class and the working poor. Another 30 percent of the U. S. Population belongs to this class of relatively unskilled blue collar and white collar workers. Compared with the lower middle class, they have less education and lower incomes. Their jobs are also less secure, more routine, and more closely supervised. One of their greatest fears is being laid off during a recession. With only a high school diploma, the average member of the working class has little hope of climbing up the class ladder. Job changes usually bring more of the same, so most concentrate on getting ahead by achieving seniority on the job rather than by changing their type of work. Ehrenreich worked mainly in this class but in order to make ends meet, she also took a job, cleaning houses that the working poor would normally be employed at. The working poor make up about 22 percent of the population and work at unskilled, lower paying, temporary and seasonal jobs, such as sharecropping, migrant farm work, house cleaning and day labor. Most are high school dropouts. Many are functionally illiterate, finding it difficult to read even the want ads. They are less likely to vote because they feel that no matter what party is elected to office their situation won’t change. Many of these individuals work full time but still have to depend on help such as food stamps to supplement their meager incomes. But with the push to end social institutions in America the problem will only become huge. Ehrenreich’s book shows how easy to see how one can work full time and still are poor. This book shows clearly the workings of the capitalist society we live in. How most live day to day and if they are getting by don’t mind. The working poor are the one’s that will be affected the most by welfare reform and in my opinion no one is really paying attention. The only attention is the bottom dollar; the only thing that is looked at is how much this will increase money for the upper classes. It really wasn’t very shocking to me what was going on when you live and have lived within these social classes. I have always known we are just the indentured servants working for the capitalist class that only create about 1 percent of the population. Reference: Ehrenreich, B. (2003). Nickel Dimed: On (Not) Getting By in America. New York: Holt Publishers.

Assignment on Cell Phone Essay Example for Free

Assignment on Cell Phone Essay â€Å"Watson, come here: I want you.† This was the first message ever transmitted from one place to another, through a device called Telephone. Alexander Graham bell the American genius along with his assistant Thomas Watson invented this machine in 1876. It was March 10, 1876, an important day for the human civilization when this great machine was invented and it was the first step towards developing the means of communication. Since then we have come across a long way. Various means were added to the means of communication. Today, telephone is a part of our everyday life. Besides telephone, mobile phones are playing a great role to communicate massages from one place to another. It has become an integral part of life in all over the world. Today, telecommunication is one the major part of life. Nowadays, phone is not only using for making calls, among many other functions it’s used for text messaging, multimedia messaging and also even to connect us to the internet. Due to its various functionality it has a greater impact not only in the economy as well as in the society. Bangladesh is talking like never before. The phenomenal growth of the telecom industry over the last two decades has considerable changed the way people interact. The impact is seen among all spheres of people in Bangladesh. But the most significant impact is seen among the young users of cell phone. Telecommunications allows better access to services that enhance a society’s health and wellbeing such as healthcare and social services. Amongst the many implications of research is that poor and rural populations benefit most from mobile telephony because they are least likely to have alternatives. In view of this, the cross subsidies in Bangladesh from mobile to fixed users, from the poor to the rich, are especially damaging. There are a number of ways that mobile services can promote cohesion in families and society. For example, a cheap mobile service allows families and communities to remain as a coherent unit when family members are away for long periods. In cases where a family member is abroad either temporarily or permanently it allows the family unit to remain intact as well as generating inbound international call revenues. Due to intense competition among the operators, every company is trying to provide cheap call rate which is benefiting the users. Young people are benefitting most in this regard since they lack income sources. A cheap mobile service keeps them in touch with families and relatives thus strengthening social bodings. But every coin has two faces. The telecommunication companies in our country have been inclined towards introducing new and alternative packages for young people like Djuice Bondhu by Grameenphone, Desh by Banglalink, Shorol by Robi and many more. The question arises why companies are so aggressively coming up with such packages without the social mobilization to check the mindset of youth. How they are facilitating their users by such packages which offer lower call rate at midnight. Except on very urgent occasions ordinarily no one would like to talk after midnight. In our youth segment the majority is student community that is spell bounded by these packages. They are losing their essence of their studies. They are derailing and deviating themselves. They are getting away for their goals, destinies and motives. Their minds are becoming stagnant and static. Creativity and innovation is blocked by the consistent telephonic conversations spread over the whole of night. They are losing their interest towards the interactions and sociality. Alienation is increasing within small community or groups of people. In home young hardly get time to spend with their parents. In one room of hostels all four members are strangers to one another. They never try to tie up the relation because they don’t have a pinch of time. By talking whole night with opposite sex, they are getting psychologically weak and pressured. There are more other physical disorders also experiencing by the youth due to spending the precious time which is needed for compulsory rest, relaxation, relief and mental health. Due to spending whole nights over phone the absenteeism is skyrocketing in every profession. They are going far and far away from the hold of families. They tell lies and have false communication with their parents thus seriously jeopardizing the social relationship. They are deceiving the decisions, trust and expectations of their parents. They are traveling towards the lone parent family system in which one is not accountable to anyone and he is the only decision maker. Suck kind of behavior is leading towards the social fragmentation and terrible decline of moral values in which respect is core one. Even their mental approach is revolving around sexual satisfaction. Other emotions and sentiments are pushed oblivion, they are forgetting that there are so many matters that need their kind attention. Which are making them socially challenged. The mobile companies have every right to work out innovative packages offering greater value of money to their customers. But they should not making profits by compromising on the interest of young generation. Youth spend a huge amount of money on mobile cellular services annually. Major amounts of their disposable income are going to the mobile telecom companies. In the name of competition companies are aggressively promoting their offerings without considering the welfare of the youth. Therefore, we all have to realize the worth and well being of our youth.

Role of Knowledge for Meaning and Purpose

Role of Knowledge for Meaning and Purpose â€Å"The whole point of knowledge is to produce both meaning and purpose in our personal lives.† To what extent do you agree with this statement? Curious mind, has a zeal to understand what is going on in the surrounding , let it be a natural event or phenomenon or people around, this understanding developed is what I assume frames the basis of knowledge. To quench this thirst provides the necessary fuel required to move on in personal lives. Knowledge provides the purpose and meaning to lead ones personnel life , while saying personal life I mean, the life of a person as guided by him or herself under his or her own instinct, in very own way-not forcefully guided by others rather willfully adopted to lead the personnel life. The question is how a person will drive his life in a specific way? One of the obvious answers could be by having knowledge of what is best for him. This leads to discuss the reason and emotion as the two Ways of Knowing, supported by the Areas of knowledge fueled by ethics and Natural sciences. The essay will try to understand how the reasoning charges the emotion to lead life in a particular way under t he umbrella of Natural sciences in an ethical way, by considering the logical arguments related to it with the help of examples as far as possible. While emotion is a natural instinctive state of mind deriving from ones circumstances, moods or relationship with others, Reason is the cause, explanation or justification for an action or event, reasoning and emotions are closely connected, the decision making relies on emotions, this implies that life is guided by reasoning and emotions, reasoning helps us to foresee the consequences and to judge if the action makes sense, yet what ‘makes sense’ depends upon the emotion. People do not practice any activity without active or passive purpose. They don’t waste time and energy purposelessly specially, a regular exercise of getting knowledge for more than a quarter of their life,Struggling in schools and colleges- investing money,time andenergy. There is Reason behind;true,sometimes the knowledge has a direct and well known purpose whereas sometimes the academic knowledge has some passive purpose but all these knowledge are meant to shape the life of the gainer and struggler for knowledge. The quest of finding the fact about malaria, a deadly disease was, to understand the reason the cause, and its cure, it took long time before the facts got established and a possible treatment was discovered leading to the invention of the medicine.Was this without a purpose? Was there an emotion attached behind, to save the whole human kind? I opine, the pain and sufferings of the patients may have fuelled the research to some extent as well. The natural science and its knowledge are all full with reason and purpose behind all scientific discoveries and inventions and endeavor. True, while trying to find out something purposefully people get extra, even un-associated knowledge of some other type or class which may or may not have an immediate use and purpose in their eyes, for the time being.But the graphic detail of it, remains saved in their mind and is utilized somewhere else in due course of time. or even if unutilized the knower is well aware of the latent information, to keep this piece of work in his brain, so as to utilize it some other time thus, knowledge has two forms namely an active and passive knowledge. It may also be noted that sometimes reason gets defeated by emotions attached to the purpose, a child’s repeated demand of cold drinks while suffering with cold and flu is accepted by father, at this point the knowledge question is, why this acceptance? Possibly, not because of reason but emotion! Talking about the natural science, why do scientists invest their time and brain in new research? Without, any point in their brain? Then what do they do sitting and observing? Till when and why, answering these questions frames the overall purpose of them being there. And these are the knowledge question as well, any new research cannot be carried out in physics or chemistry or biology unless there is a reason behind it, the people from management studies and sciences know it much better, when they say that the most important work for a successful activity is: setting the Goal breaking it into small achievable targets, and then working for the sake of those targets.One by one, to finally achieve the goal, and thus sort out the overall purpose. Scientific research are also done in the same fashion, by setting up goals breaking it into pieces and sequential steps, all forming important steps to reach a solution of the problem, a big tunnel cannot be made or a big mountain cannot be br oken or brought to ground without any purpose. Knowledge establishes facts and information are devised from this fact to help understand life and surroundings in a more refined way which thus provides a better living environment. Now the question is what if there is no purpose behind any peace of quest and there is no curious mind working behind a given idea or set of ideas, will the brain still be working will their still be an idea or creativity from nowhere? Where to start for what when how and many more questions will stand still without any straight or creative answer. So how the quest will take form and why?Another important point worth mentioning out here is the famous instant from Sir Isaac Newton’s life when he wandered as why the apple is falling down on the ground and not going up once it is broken from its branch, which leads to the famous and useful theory of gravitation. This incidence was not only once occurring rather a routine natural process that no one actu ally cared so no purpose and meaning for the people from normal walk of life, so a wandering but purposeful wanderer is needed to really bring meaning and purpose, to shape up knowledge. Or is there any counter claim? Supposing that Mr. Newton was sitting and thinking or dreaming something else at the time of this falling apple, paying no attention to this phenomenon of nature, then what would have happened? The answer is, whatever but not the theory. Ethics is another important area of knowledge which needs to ponder under this debate of knowledge meaning and purpose. Human coordination towards other humans and towards the nature is another philosophical area, which never works without any relationship between purpose, meaning and knowledge. How an ethical rule is defined and or established unless the raw material, a piece of past experience or a smallest of fact is available to the genuine thinkers in this field?Human mind starts working in an active way only with an input of purpose so in here if the main purpose and the meaning are missing from the whole fury of knowledge then nothing as knowledge takes shape. While wandering through wild purposelessly people get involved in watching the plants and trees with highest degree of curiosity only if they have interest in watching and gaining some active or passive purpose behind it others may find interest in watching animals or birds out there. Now if their interest is towards human and ethics the perspective will be different then someone interested in animals and animal protection as compared to someone else who is interested in the delicate balance between all these factors and the new ethical theory or principle formulated will be different from all these theorist and philosophers of ethics. Having said this, we may discuss the academic knowledge as acquired by the scholars at school and colleges, they will have better approach towards their studies, if they have the knowledge and understanding behind their subject of endeavor, if they know the real reason behind the struggle in studies, they will excel in their field as compared to those who are trying to study just for the sake of studying. This is the reason why preface and introduction to the book is written, and written to be placed on the front page. Students undertaking professional qualification always record high percentage of passing out as compared to those who are pursuing a general academic course where the pass percent is comparatively low. Thus to sum up knowledge is always acquired with a purpose and meaning in life and not in vain , I fully agree with the statement, and personally gaining knowledge for me is only possible if there is direct and indirect purpose leading to the meaning in life. This provides the necessary fuel and zeal required to continue the endeavor and struggle towards the successful assimilation of knowledge. Bibliography: References; 1) https://www.google.com/search?biw=1366bih=622noj=1sclient=psy-abq=the+meaning+of+Emotionoq=the+meaning+of+Emotiongs_l=serp.12..0l9.94867.104530.1.110389.8.7.0.1.1.0.989.3221.3-1j2j0j2.5.0.msedr01c.1.61.serp..2.6.3222.WSAznehMuh8 2) https://www.google.com/?gws_rd=ssl#q=Reasoning 3) http://www.theoryofknowledge.net/areas-of-knowledge/ 4) http://www.theoryofknowledge.net/ways-of-knowing/ 5) Eileen Dombrowski, Lena Rotenberg,Mimi Bick. 2007. Theory of knowledge , Course Companion Oxford University Press.

Thesis on a Tale of Two Cities :: essays research papers

Charles Dickens’s voice varies from being sympathetic with the revolutionaries, to a feeling of discord with their method of revolting. A Tale of Two Cities revolves around the French revolution and the tension in England. Dickens gives the tale of a family caught in the conflict between the French aristocracy and radicals. In the course of the book, the family handles extreme difficulty and obscurity. Dickens’s neutrality, though sometimes wavering from side to side, is apparent throughout each book in the novel.   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Throughout the book, Dickens portrays his objectivity between the classes through a series of graphic descriptions. For example, the horrid events that occur when the Marquis murders the child is a time when Dickens most definitely favors the rebels. Dickens’s attitude when Jacques kills the Marquis is that justice has been supplied. There is a definite tone of approval in his voice after these actions. On the other hand, Dickens’s attitude towards the mutineers is not always one of endorsement. When the activists nearly kill Gabelle and burn the Chateau, Dickens’s attitude changes from one of approval to one of disbelief. His disposition is almost one of sorrow for all the beauty being carelessly destroyed. As the reader can see, Dickens’s opinion varies greatly in accordance to the portion of the story the person is reading.   Ã‚  Ã‚  Ã‚  Ã‚  Possibly, to find the clearest image of Dickens’s neutrality, the reader needs to gain a larger view of the tale.  Ã‚  Ã‚  Ã‚  Ã‚  As the reader sees a broader picture, a pattern emerges. Dickens, in each book, gives the tale in favor of the different parties, showing his indifference to the outcome of each party. Thus while the reader may form feelings towards the revolutionaries, Dickens stays unmoved by both causes and relates the story accordingly. This way of showing Dickens’s apathy once again proves that Dickens is only partial to either side in certain portions of the book.   Ã‚  Ã‚  Ã‚  Ã‚  Perhaps the clearest illustration of Dickens’s neutrality is located in the very first sentence of the novel. He shows his neutrality through the description â€Å"It was the best of times, it was the worst of times . . .(7).† This unusually comparative sentence single-handedly starts the book with a feeling of un-bias. In the final chapter of the book, six carriages carry â€Å"the days wine† (people) to La Guillotine to be be-headed (374). In this passage, Dickens shows his remorse for what is done. He gives hint that the common-folk were once a good people who are perverted by the aristocracy, and given the same conditions will be perverted again.

The Invasion Of Panama :: essays research papers fc

The Invasion of Panama The U.S. invasion of Panama on December 20, 1989 was a mark of excellence on the behalf of the U.S. armed forces ability to effectively use the principles of war. The years leading up to the invasion set the climate for conflict; drug trafficking became a major problem between Panama and the U.S. in the 1980's, as well as Manuel Noriega's interference with the Panama canal employees rights under the Panama Canal Treaty; the final action that sparked the invasion was Noriega's attempt to fix the national election and the military enforcement of the fix after the election. Once this took place the U.S. began to make a plan for the invasion. The overwhelming success of this mission stemmed from the U.S. military's competent use of the principals of war. The primary success of a mission is the ability to define an overall attainable objective for the mission. In the formulation of the mission to invade Panama, the U.S. military set out four main objectives of the mission. First, they wanted to "protect American lives" (Watson 69). This meant they wanted to protect the lives of the 35,000 U.S. citizens in Panama from attacks by Noriega's Panama Defense Force or PDF; they also wanted to protect the lives of Americans at home by attempting to eliminate drug trafficking. Second, they wanted to "protect American interests and rights under the Panama Canal Treaty" (Watson 69). This could be done by abolishing Noriega's control of the workers who operate the canal, and his control of the canal itself. Third, they wanted to "restore a democratic and freely elected government to Panama" (Watson 107). Here, the U.S. would gain control over the country and ensure a fair election. And, finally, they wanted to "apprehend Noriega" (Watson 69) for prosecution in the U.S.. This would ease the difficulty of restoring democracy and eliminating drug trafficking, as well as giving Americans a feeling that justice was being served. These objectives gave the mission clear goals to achieve, allowing for the planing of each task that needed to be completed in order to accomplish the mission. Once objective has been established, the next step was to derive a simple plan, following the principle of simplicity, which is the formation of "Direct, simple plans and clear, concise orders to minimize misunderstanding and confusion" (Stofft 7). That is just what the U.S. did. They used direct and simple plans to carry out their mission; that is not to say the invasion was a simple operation, on the contrary, the command and control measures were very difficult. Thus, the plan was as simple as it could be with concern to the

Kenya Ameru Tribe :: essays papers

Kenya Ameru Tribe Kenya is a country that has nine provinces. It lies on the equator on the slopes of Mount Kenya and the Nyamben Mountain Range. It covers an area of 3,850 square miles. The climate of Kenya is one of short rains between March and May, with a long rainy season between October and December. Temperatures range from 68 degrees in the higher altitudes around Mt. Kenya, to 90 degrees in the arid Semiaro lands. The people of Kenya hold a proud tradition of farming. Ninety percent of the people are farmers. The population is large and spread out covering both the dry, arid lands as well as the fertile areas. Crops grown fit the type of area of land in which they are cultivated. Livestock and beekeeping are other methods of farming popular in eastern Africa. Wheat is grown in the upper and lower Highlands. Pyrethrum, potatoes, maize, beans and tea are other crops that grow in the area. Farmers grow substance crops to feed their family as well as to sell for cash. The livestock are kept for dairy products used in the home. Maize, fodder beets, and napiergrass are grown to feed livestock. In 1880 changes were brought to Kenya from British Columbia. In 1963, Kenya won its independence. Their independence brought about a change in the economy. Prior to the separation, Kenya was forced to give profits to Britain. Independence provided changes in the relationship between the people and their land. The introduction of cash crops changed the Meru farming systems. The Ameru people could not produce enough of the cash crops and still have enough left to support their families. For the first time, they were forced to pay taxes. To prevent the exhaustion of the land, the people developed new methods of farming. By rotating the crops, larger profits could be made. The people of the Kenya/Ameru tribe came from the area around the Niger River in West Africa. They traveled through the Congo Basin up to Kantanga, where they moved toward the eastern part of Kenya. The Ameru arrived at Mt. Kenya as a single group. Originally they settled around Mt. Kenya. When the people began to migrate into eastern Kenya, the Koomenjave or Spiritual Leader divided the Ameru into three groups. The Koomenjave was responsible for keeping law and order. He was in political control of all of the groups within the Ameru Tribe.

Markets Price And Non Price Economics Essay

An agreement made where purchasers and Sellerss come in close contact with each other straight or indirectly to sell or purchase goods and services.Categorization of MarketsMarket CharacterisitcsMarket TYPE NO.OF Buyers NO.OF Firms Entry Conditionss Market power Demand snap Merchandise Differentiation Net income maximastion status Pricing Power Perfect competition Many purchasers Many Sellerss Free None Absolutely elastic Homogeneous P=MR=MC=AR=Min AC Monetary value Taker Monopolistic competition Many purchasers Many Sellerss Free Limited Relatively elastic Close Substitutes with differentitated merchandises MC=MR To the extent of their merchandises Oligopoly competition Many purchasers Few Restricted Some Relatively elastic Close replacements, differentiated or homogeneous merchandises MC go throughing through discontinuous MR Uncertain Duopoly competition Many purchasers Two Restricted Divided Relatively elastic Very near replacements–_Monopoly competition Many purchasers One Restricted Full moon Relatively inelastic No replacements MC=MR Monetary value Maker Monetary value and Non-Price Competition: non monetary value competion may be describe as the selling scheme under which the peculiar house tires to diffrentitate its merchandise from the competitiors merchandise this distinguish is done by the designor workmenship. It can be besides distinguish merchandise by offereing through quality service, client attending, distribustion scheme and other promotional activity. Where as the monetary value competion is refered to when the houses attempts to separate its productfrom the rival by maintaining the monetary value of the merchandise lower than the competitiors one. Now a yearss more houses are engaged with the non monetary value competion though it is really expensive in nature the ground behind that it is more profitable than selling the goods at lower monetary value and avoid the hazards of monetary value war. By and large in oligopoly markets and monopolistic markets are utilizing the non monetary value scheme because in this competions the houses becomes extermely competent with each other. Central of the non monetary value competion is merchandise diffrentiation. Hence the characteristics of merchandise diffrentiation are: Technical criterions Quality criterions Design characteristics Service characteristics Merchandise diffrentiation as the footing of set uping a down ward falling demand curve. This were introduced by the SRAFFA.but the chamberlin suggested that the demand is non merely determined by the pricind scheme of the house but besides by the manner of the merchandise and the services associated with them.he introduces two policy variables ; which are merchandise itself and selling activities. Individual house is incorporated with this dimensions therefore, the demand curve will switch if: The manner, servicesor the merchandising scheme of the house alterations Rivals change their monetary value, end product and servicesor merchandising policies Tastes incomes, pricesor selling policies of merchandise from the other industry alteration Non monetary value competition: Non monetary value competition is applicable to all types of markets except than the monopoly and perfect competition: Perfect competition: exclusion because the in this state of affairs he all merchandise are homogeneous in nature Monopoly: exclusion because the individual marketer is the accountant of Te market so no 1 at that place for the non monetary value competitio Non monetary value determiners of demand: non monetary value deteminants can be described as the any attempt made by the house to prolong in the market to gain the net income and to increse their demand in the market. Following are the some non monetary value determiners of the demand, Tastes and prefrences Income Monetary values of sustitutes Number of purchasers Future outlooks of purchasers Financing footings. As the determiners of demand are of import in the monopolistic market we besides should give equal importance to the determiners of the supply in the non monetary value competition Factor inputs alterations Production technique Change in no of Sellerss in the market Expectation of future alterations in monetary value Advantages of the non monetary value competition ; Consumers gets low monetary values Manufacturers and providers are going more displine in natureto cust down the monetary values. New betterments in engineering Enormous betterment in the quqlity or service Imformation for the consumers leting people to do more informed pick Price snap of the demand: Responsiveness on the snap of the measure demanded of a good or service to a alteration in its monetary value.it gives the per centum alteration in the measure demanded in responses to the 1 % alteration in the monetary value. Price competion is applicable in all types of markets except so perfect competion and monopoly competion. Perfect competion: exclusion because in perfect competion the houses are monetary value takers the monetary value is non decided by the house it is accepted. Monopoly competition: exclusion because in this state of affairs there is a individual marketer in the market who is the decider of the monetary value hence it is non applicable. Price snap of demand with reapect to the markets Perfect competition: in the the perfect competion the elasticiy of edmand is prefectly elastic in nature because all the merchandises availble in this market are homogeneous in the nature. As the homogeneous merchandises are perfect replacement for each other the market becomes extremely recative in nature. monopolistic market: snap of demand is comparatively elastic In nature as the stopping point substitues are availble in the market this substitues are availble with the small diffrention. Oligopoly market: oligopoly market is some how combination of the perfect competition and monopolistic market so the snap of the demand the comparatively high in nature as the all merchandises are homogeneous in nature and they are utility for each other. Duopoly market: in he duopoly market there are merely two Sellerss in the markets with regard to many purchasers. The snap is comparatively elastic because in this state of affairs there are really close substitues are availble for the merchandise. Monopoly market: in this market the snap is comparatively inelastic nature as there is merely one goad the reactivity of the demand for a good to alter in the monetary value of anthoer good.it is measured as the per centum alteration in demand for the first good that occurs in reactivity to % alteration in monetary value or 2nd good.Cross monetary value snap of the perfect competion with regard to replacements:the reactivity of the demand for a good to alter in the monetary value of anthoer good.it is measured as the per centum alteration in demand for the first good that occurs in reactivity to % alteration in monetary value or 2nd good.Cross monetary value snap of the perfect competion with regard to replacements:ucer in the market so the manufacturer is holding the full market poer in the custodies. there is no sustitute availble in the market. Cross monetary value snap of demand with the availble substitues: Cross monetary value snap: the reactivity of the demand for a good to alter in the monetary value of anthoer good.it is measured as the per centum alteration in demand for the first good that occurs in reactivity to % alteration in monetary value or 2nd good.Cross monetary value snap of the perfect competion with regard to replacements:Perfect competiton: the high monetary value cross snap can be seen in this market as the manufacturer Is monetary value taker and non the monetary value shaper. More over that the merchandises are homogeneous in nature which are replacement for each other. Monopolistic competition: there are figure of manufacturers are at that place in the market.du to the high competition the manufacturers are willing to do more market portion so the cross monetary value snap is comparatively high in nature. Oligopoly competition: in this market the cross monetary value snap do issues because in this market. As the replacements are availble in the market with the homogenity or merchandise diffrention. Duopoly competition: there are merely two manufacturers are availble in the markets there are really close replacement for each other and because of this cross monetary value snap is low. Monopoly competition: there is merely one manufacturer in the market and no replacement is availble so there is no inquiry of cross monetary value snap.

Samsung Electronics Case

he Samsung Electronics Comp any has bring forth the largest conglomerate in South Korea e veryplace the past decade. Net gross revenue of the Samsung throng totaled $135 billion in 2004 and has 337 overseas operations in 58 countries. Electronic, finance, and trade and services atomic number 18 the collar core sectors inwardly the Samsung Group. Semiconductor intersection charges argon classified into two antithetical categories of chips, which argon retentiveness and logic. The net value of Samsung experient rapid offshoot from 2000 to 2004, growing from $ 5. 5 billion to $12. 6 billion.We volition riding habit Porters five forces to study the manufacturing structure and performance which forget jock gauge Samsungs return against its competitors. Entry into the semiconductor exertion depose be very courtly and touchy because of blue barriers to entry. These barriers include, economies of scale, high uper(prenominal) entry prices, and the barrier in persi sting exertion knowledge. In addition, firms want Samsung have established a toilsome reputation for case and reli adapted products which serve as violenceful barriers to new(a) firms hoping to reckon the persistence.The decreased chance of new entrants indicates a less private-enterprise(a) and to a greater extent requitaling industriousness. There ar many buyers inwardly the semiconductor fabrication, each controlling a relatively sm exclusively sh are of the commercialise. Samsung has a huge range of products they produce and finish afford to do so at a hapless monetary value. Since the buyers control the industry and what is produced they have a significant tote up of bargaining cause. Furthermore, even though the meter of producers in the industry is middling natural depression, they assign many of the same products forcing them to compete on price.Samsung has a footling above fair bargaining power with its suppliers. The semiconductor industry faces p owerful suppliers but because defective memory is vexed and costly to identify, and could potentially def sufferinger the entire value of Samsungs product, it is very important for Samsung to establish a healthful relationship with its suppliers. In doing so, Samsung usually pays a 1% price premium to its suppliers to date quality bad suppliers increased returns and more bargaining power in the industry.However, Samsung consumes a large sound deal of sales for its suppliers and can still earn a 5% discount because of this large volume and this discount can offset that 1% price premium. In conclusion, Samsung has a flyspeck above medium bargaining power over its supplier. Substitutes in the conductor industry are high for three reasons. First, products in the semiconductor industry are exceedingly standardized. Secondly, otherwise major(ip) companies in this industry have the efficiency to produce a large volume of similar products at medium costs.Thirdly, there is the t hreat of new companies from China. However, these companies from China lack the technology to launch high quality and meek cost products. Therefore, at this point, Samsung does not need to hassle about substitutes from Chinese firms. The semiconductor industry experiences fierce rivalry between the firms. standardised to substitutes, there are six main(prenominal) rivals within the industry. Also, even though the Chinese companies are young/inexperienced, they are decorous a potential rival.No participation has the haughty leading market share or absolute technology to break other major companies within the industry. Even though Chinese companies are inexperienced, these companies are having little or no trouble rearing m social unityy from local government and they are go awaying to sacrifice profit in order to fight for market share. oer time, Samsung has established a strong free-enterprise(a) flummox relative to other firms in the semiconductor industry. Samsungs em phasis on fast and efficient work has let them exe slenderizee projects faster than other firms, giving them a competitive edge.An example of this occurred in the mid 1980s when Samsung was able to complete their first large manufacturing facility, a business that was predicted to take 18 months, in merely 6 months by working approximately the clock. Samsung too has a strength in their location, with Samsungs main R&D facility and all its fab lines dictated at a single position they are able to save an estimated 12% on fab construction costs. This payoff of location in any case allows their engineers to work more or less together to quickly solve jut out and process engineering problems together, furthering their speed and talent advantage over their competitors.Samsung has also do a great job of identifying and take opportunities before their competitors, and taking risks that other firms may be unwilling to take. An example of this occurred in 1992 when Samsung dec ided to invest $1 one million million million in increasing the size of the wafers utilize to cut the DRM chips to eight inches. This investment compensable off and gave Samsung a distinct cost advantage that allowed them to gain the number one market share in the drachm industry for 13 years. Samsung also place and seized he opportunity to gain high profits through product specialization by customizing and catering to niche markets, religious offering over 1,200 different variations of DRAM products. In order to understand the internal environs of the society. VRIO framework will be employ to analyse the internal environment and to help further understand the strategic position in the industry. Relatively low power of suppliers and large payoff factories allow Samsung to obligate their cost low. Their low cost of performance will enable them to enter into a price war with any company threatening to enter the market.They have the ability to lower their price to the point where it will become too costly for any other company to enter the market will deter additional entrants. Their low cost production ability also allows them to increase revenues and reinvest more money backbone into R&D. Additionally, having all of their engineers on lay allowed for quicker design times and cut 12% of construction fabrication costs. However, distinguishing characteristic is not really an issue within the industry. There are multiple companies all with similar technology.Once Samsung can keep the low cost production system and reinvest to their R&D, they could achieve sustainable comp etitive advantage in the industry. Most customers are willing to pay a higher value for their products because they behold Samsung to have better performance and winner design, quality, and service. The cross loyalty, brand reputation and quality(reliable product) are costly for the competitors to acquire or develop. The competitors also face a cost damage in cost structures sin ce Samsung has an outstanding low cost production system.Moreover, Samsungs major competitors do not have the acerb edge technology to quickly fly-by the quality of Samsungs product. It would be difficult and costly for their competitors to imitate their technology. Samsung does a fairly good job exploiting their capabilities because of them building brand loyalty and a high quality product. With all of those advantages it becomes difficult for their competitors to capture Samsungs market share. Finally, Samsung invested heavily in its employees more than any other competitor allowing them to centralize on innovation and productivity (Include HR policies).Answer to question 1. Samsung employees a hybrid perplex of business level strategy which consists of cost leadership advantage and product differentiation. Samsungs operating cost is $8. 90 per unit and it is well below the industry average $10. 3975 per unit. As of year 2003, samsung offers over 1200 different products. With a proper marketing strategy, Samsung reinforced a high reputation and good brand image for its products allowing them to charge a premium price on most of its products. Answer to Question 2 Samsung has use their business strategy very well.They were able to become not only the industry cost leader but obtain a large degree of product differentiation. Above, we conducted a VRIO analysis of Samsung and identified their competitive advantages. However, the advantages are only temporary because they are not rare and any company can imitate them by spending a large amount of capital. Until this point though, all of the competitive advantages that Samsung has created have created dictatorial economic profit. These profits can be realized in the large growth in the company from 2000 to 2004.Recommendations Our recommendations are that Samsung enshroud to use their additional revenue from their low cost of production and higher marge to invest in R&D. This will ensure that Samsung has the best product on the market and continue to lower their production costs. By doing this, they will continue to concord it costlier for new firms to enter the market. Investing into R&D is extremely costly/ high risk and could lead to failure if Samsung begins drop in the wrong type of products. However, if through properly, this investment can cement Samsung as the market leader and ensure high profitability for the future.

Cici’s Pizza Research Paper Essay

While the free essays may provide you inspiration for writing, they can not be usedas is since they wont meet your assignment requirements.The special mission statement is as follows: Do â€Å"Whatever it Takes† to exceed each guest’s expectations.Background CiCi’s Enterprise is an American style buffet restaurant chain based in Coppell, Texas. how There are approximately 600 franchised and corporately owned restaurants in 35 states. The company was founded in 1985 in Plano, Texas by Joe Croce and Mike Cole.An argumentative first essay is among the many academic essay types.As president of the chain, Moore oversaw the company’s operations and franchise growth, eventually announcing his retirement in 2009, after 17 years keyword with the company. Michael Shumsky took over after Moore retired in late 2009. He had previously served as CEO of La Madeleine Restaurant, Inc. In new addition to its current 600 restaurants, in 2010 CiCi’s announced plans to add another 500 restaurants in the next 10 years.

Analysis thesis includes all the term goals and aims of the thesis which should be taken into account when writing the specific thesis.Environmental AnalysisSWOT The strengths of CiCi’s pizza make it one of the best in the industry. It offers a unique buffet experience with so many pizza varieties. Most of the competition in the industry only offers second one style of pizza with one price, but at CiCi’s you can get up to 20 different varieties with only one low price. If you don’t want to sit in the family oriented restaurant with the best customer service and eat then you have the option to order take out.Research is a kind of research conducted.Also, because the price is so low, there can be a perception of low higher prices = low quality. The one other thing that is holding CiCi’s back from being in the top five is that there is 15 states in the US that so not have a CiCi’s in them.Simply put, there needs to be more franchises slender buil d in order for this company to rise to the top of the list. (JMC Restaurant Distribution INC.

As an example, let us look at a few of the pizzas Pizza Hut has promoted.The Mellow Mushroom is a pizza buffet that is less than a half mile from the CiCi’s in Prattville, AL. Mellow Mushroom offers similar services but at a higher price. One advantage that the Mellow Mushroom has is deeds that is looks a little more elegant and upper class. People who are looking for more formal dinner experience would be likely to go to Mellow Mushroom.Last, it has always valued satisfaction and customer support.All these companies are within a 20 mile radius.In a lucrative market like the pizza one, the more competitors the better the customer service because it is so competitive. Market Analysis The pizza market can be very lucrative, therefore it is very competitive. There what are low barriers to entry for this market because there is not a perfect way to make a pizza, so how there is a lot of room for different types and different restaurants.

The way to guard yourself would be to do your homework.According to â€Å"Pizza Power†, PMQ magazine’s (Pizza Marketing Quarterly) Annual Industry Analysis, of the 67,554 pizza stores in the US, 59% are independently owned and control 51% of total pizza sales. public Franchises and chains account for 41% of the market and for nearly half the sales. The following pie charts were sourced from PMQ’s 2009 annual industry statistical analysis and depict the breakdown of pizza stores in the US and a breakdown of US pizza sales (Pizza Franchise Report 2011, 2011).CiCi’s pizza is included into the other very top chains 15%.Moreover, its crucial for a student to understand sides of an argument.This is compared to only 7% of those aged over 65 eating at least one pizza per month. Pizza also proved popular with parents. About 20% of the parents surveyed said that they purchase pizza more than three times per month, compared to 12% of adults with no children (Pi zza Franchise Report 2011, 2011). This customer group covers much of the target market for CiCi’s pizza.

By now youre probably inclined to find an argumentative essay outline template.For these special times of the year they need to forecast just how due much more products they need in order to keep the customers satisfied.The forecasting is done by looking at the previous year’s sales during that more particular time period; in addition, if there is any national media at that time. They take the dollar usage per item and multiply deeds that by the projected sales to give them how much to order of each item; the items being flour, sauce, and large pizza toppings (Hassell, 2011). Demand Forecasting cannot be done before there is a proper count of the inventory.Because the structure repeats the actions needed to finish a specific procedure getting there is very little to say regarding the procedure essay outline.The company as a whole tries to keep food cost percentages at 28% or lower, with labor cost of 18. 5% or lower (Hassell, 2011). Once the forecasting is done, then it is time to place the order. CiCi’s uses an online order management system called ESOS (Exhibition & Sponsorship Ordering System).

Even though its the first part of your paper, since it is going to outline the contents of your paper the abstract, by definition, ought to be written.CiCi’s has become such a powerful force in the pizza industry partly because of attention to detail in the transportation channel. They own their own transportation service.JMC restaurant distribution Inc. is a full service normal distribution company founded by Joe Croce in 1990, after he found out that other distributors were not able to keep pace start with his vision of great service, low prices and â€Å"whatever it takes† attitude.Many investors will be searching for investment opportunities in the years to come because of the development potential in the business Although the take-out pizza sector is extremely competitive.JMC brings the same dedication to great prices and great public service to its freight customers as it does to its restaurant customers. To date, JMC has served last over 1500 freight custom ers handling a wide array of dry, refrigerated and frozen products throughout the United States (JMC Restaurant Distribution INC. , 2011).Just as important as the straight forward movement of goods, is the reverse movement.

Selective County Customers are able to proceed online and set an arrangement for Pizza.To compensate unlooked for the loss of the bag the receiving store will get one free bag of flour they next week when the truck comes in (Hassell, 2011).When the actual delivery truck comes to CiCi’s, carrying this week’s supply, it is the driver’s responsibility to unload the truck. The employees at the restaurant do not help start with unloading. It takes about 45 minutes to completely get all the products off the truck and into the store (Hassell, 2011).Qualified for.Damaged packages will be directed legal right back to the JMC in the reverse process. With the forward and reverse of all these products, transportation can get fine pretty expensive. The facility locations are very important because of this. CiCi’s has a total of three distribution facilities that are strategically placed.

A job cited entry has to be contained at the close of the essay.(JMC Restaurant Distribution INC. , 2011) That is where the CiCi’s in Prattville Alabama gets all of its products. Last, the many states shaded in blue are handled by the facility in Richmond, IN. All the facility locations were made with the main roads, possible traffic, and distance in mind.Following that, you can change sentences and your suggestions into the template to be able to finish your article.â€Å"Hi, welcome to CiCi’s! † is the phrase that every employee must memorize and say to every customer that comes into the restaurant. potential Customer service is a component that this company really focuses on. On the website they have a list of guest promises that they stand by. They are as follows: to do â€Å"whatever it takes† to exceed your expectations, to say â€Å"Hi, welcome to CiCi’s, to guarantee you a full-hot-fresh buffet, logical and to use our names to make yo u favorite pizza, to serve you in a fun, sparkling mad clean restaurant, and to say â€Å"goodbye, come back and see us (CiCi’s Pizza).

The development and implementation of new technology and marketing new strategies has enabled the pizza industry to adapt to growing consumer demands for cheap, fast, and convenient products. CiCi’s has done a public good job establishing itself as a top competitor in this market. In order for CiCi’s to compete with the top pizza franchises in the market, such as Pizza Hut, they need to get more creative. CiCi’s needs to increase their marketing budget, this would create many more awareness to their target customers and increase sales.This great company has expanded from one restaurant in Plano, Texas to over 600 in 35 states in 25 years.That is a great accomplishment, and they are not done yet. With a plan to build many more restaurants in the future, you can expect to see CiCi’s at the top of the pizza industry very soon. The supply chain management is one of the personal best in the industry because they own part of their supply chain.Retrieved No vember 30, 2011, from wikipedia. com: http://en. wikipedia.org/wiki/CiCi’s_Pizza JMC Restaurant Distribution INC.html Pizza Franchise Report 2011. (2011).Retrieved late November 24, 2011, from Franchisedirect. com: http://www.