United States Dollar and Currency free essay sample

International Business Issue Can Bitcoin be a stable currency for International business? Definition, Application, and Prospection 1)What is Bitcoin? Bitcoin is an open source peer-to-peer payment network and digital currency introduced in 2009. It is the first decentralized digital currency. It is the digital coin that you can send through the internet. Compare to other alternatives, Bitcoins have a number of advantages. Bitconins are transferred directly from person to person. This means that the fees are much lower you can use them in every country. Bitcoins re generated all over the Internet by anybody running a free application called a bitcoin miner. Mining requires certain amount of work for each block of coins. This amount Is automatically adjusted by the network such the bitcoins are always created at a predictable and limited rate. And then, bitcoins will be stored in digital wallet which might look familiar with an online banking. When people transfer bitcoins, an electronic signatures added. We will write a custom essay sample on United States Dollar and Currency or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page After few minutes, the transaction is verified by miner and permanently stored in the network. Several currency exchanges exist what you can trade your bitcoins for dollars, euros and more. Controversy about Bitcoin Can Bitcoin substitute real currencies? Bitcoin Is one of the most controversial Issues In recent International business. Can we take bltcoln as a real currency for trading goods? The answer Is yes. Let me take the Gold as an example of a substitute for currencies. The reason why the Gold has the value of money is that people consider it as money. For thousand years, the Gold has been considered as precious as currency. For now, the Bitcoin started to replace the Gold, money and checks. Now, people started to believe the bitcoin has a value as money and they are really trading goods with the bitcoin. The rate of using bitcoin has been rising rapidly in China, Japan, and the states. Also, the value of bitcoin has been changed a lot. The value of bitcoin was Just 13 USD in last January, however, it is almost 1400 USD now. It Is almost 10000%. The stablllty of bltcoln as a currency Is still controversial. Thus, I would Ilke to say that though bltcoln has a lot of advantages, It has some definite weaknesses to be a substitute for currencies. Firstly, there have been lots of different form of virtual currencies so far. And they all got shrunk. If someone is a good programmer, anybody a limit for issuing amount will disappear. Moreover, existing currencies are based upon each nations control. Currency economies cannot exist outside of taxation systems. As most all of the nations are operated by tax, governments will not permit the free trade of electronic currency which is operated outside of taxation system. Actually, the China Central Bank announced that as the bitcoin is not a genuine currency, it cannot have a legal status. They also said that any financial institution or company cannot put a price of bitcoin and guarantee products that related to bitcoin. South Korea government also stated that the bitcoin is a product which cannot be rotected by Korean laws. Because the bitcoin has a possibility to be abused in many ways. It is against the Korean real-name financial system and can be used as a money laundering. Obviously, the bitcoin is one of the new flows in international business. However, it has many limits to be a substitute for real currencies. Economy cannot be detached from many other social aspects. Some of European countries have admitted bitcoin as a legal currency. It is possible that bitcoin will be a alternative currency even in Korea. If so, the Bank of Korea is required to examine the bitcoin thoroughly.

How to Tie a Saree Essays

How to Tie a Saree Essays How to Tie a Saree Paper How to Tie a Saree Paper How to Tie a Saree BY Rav422 Demonstration Speech General Purpose: To inform Specific Purpose: To inform my audience on how to wear a saree. Central Idea Statement: A saree can seem overwhelming to drape and wear right; however, with the right instructions, it is quite easy to attain an elegant look. Audience Statement: Women Indian or non-lndians who wish to wear a saree Introduction l. A saree is a traditional piece of clothing in India. II. Many people find it quite hard to wear it the right way, people including myself. Ill. A saree is a long piece of cloth, usually around 4. 3 yards, which makes it all the harder to handle and put on correctly. V. For people wearing the saree for the first time, it can be very confusing as to how to wrap the saree around the body the right way. V. A saree can seem overwhelming to tie and wear right; however, with the right instructions, it is quite easy to attain an elegant look. Body l. The saree has three parts that include a blouse, an underskirt called the petticoat, and the saree itself. II. The first step is putting on the petticoat and blouse. A. The length of the petticoat, to be worn underneath the saree, should be from the waist down to your ankle. A. l . It should have a drawstring so that it can be fastened around the waist. B. The blouse that you will wear with the saree should be close-fitted and its length should end Just below the bust. 8. 1 . It can be with or without sleeves. B 2 There are various types ot blouse necklines you can choose trom prior to getting it stitched. Ill. The second step is to put on and drape the saree itself. A. Take one end of the saree and neatly tuck it into the petticoat around the waist from right to left. A. l . Make sure that the lower end of the saree is touching the floor slightly. B. Resume from the place where the saree tucking has Just ended and now start making pleats in the saree from there. 8. 1 . Make about five to six pleats in the saree, each of them with a width of five inches should be enough. 8. 2. Make sure that the pleats you have made are neat and of equal length. 8. Hold them all together so that they fall straight and even. 8. 4. Then tuck the pleats into the petticoat slightly left of the navel. 8. 5. Also make sure that the pleats are turned in the left direction. 8. 6. Pleating the saree is the most difficult aspect for those learning how to drape the saree. C. The portion of the saree left after the pleating is called the pallu. C. I . Now gather the pallu and place it over the left shoulder. C. 2. The upper border of the saree should slant across the bust from under the right arm to over the left houlder. C. 3. The pallu should touch your fingertips as it falls evenly behind you. C. 4. You can prevent it from slipping off by fixing it at the shoulder to the blouse with a small safety pin. Conclusion l. At first, learning how to drape a saree can seem intimidating and difficult. II. It may seem like a lot of confusing wrapping going on when draping the saree, but once you get the right instructions and an idea of how it works, it becomes more manageable. Ill. With some practice, you can easily attain an elegant look when wearing a saree.

Case Problem Stateline Shipping and Transport Company Essay

Case Problem Stateline Shipping and Transport Company - Essay Example Polychem has six sites that are available to pick waste of Stateline. Polychem then would like Stateline to transport the waste for disposal to any of the or one of the three sites. Stateline has to transport the waste to the site and incur costs for the same (Bernard, 2010). In order to do so, Rachel needs to see what the less costly shipping routes are. This is basically the transportation problem for the issue such as cost minimization. The problem face by the company is that it has six collection centers from where the company wishes to pick up the waste and transport it to the nearest three disposable centers which should be at a minimum cost. The following below table summarizes the costs from the collection centers to the disposable sites. Since the company has the option to drop and load back at certain points i.e. plant or disposal center without any extra cost, we can find roots in this model too. It is considered to be cheap to drop and load back at intermediate places then shipping them directly. The company will enjoy the cost advantage by dropping the waste at a certain intermediate points as described in the below table. All such roots with the lowest cost are given in the following table. Using the original problem the minimum cost of the company without using any intermediate comes out to be $2822. But by using some intermediate points the original problem was modified and solves once again to check the minimum cost. The results showed that by using intermediate points and the new model caused a reduction in the transportation costs. The cost was reduced to $2630. In order to achieve this company must follow the following transportation roots as described above. Waste from the Kingsport to duras should be transported to Macon first and then Macon to Duras. Waste from the Macon to Los Canos should be carried to Selma first and then from Selma to Los Canos. Waste from Selma to White water should be carried to Columbus first and

Summary Essay Example | Topics and Well Written Essays - 500 words - 20

Summary - Essay Example The controversy which its use aroused eventually compelled music producers to cease the inclusion of DRM technology on its audio discs, with EMI being the last company to do so in 2007 (Thompson). DRM faded out of use because it violated existent copyright laws and did not produce the expected results. While DRM is designed to protect copyright material it does so in a way which violates existent fair use policies. As Sarah Houghton-Jan writes, â€Å"DRM makes it illegal for the owner of that CD to use that content on more than one device (which you should be legally allowed to do)† (53). When a person purchases an audio disc which has DRM technology embedded on it, the person is consenting to DTM terms. These terms include, in some cases, the inability to play the CD audio content on more than one machine and, quite possibly, the inability to play it on any of the machines which the user owns (Houghton-Jan, 53-54). In reference to the last, this is because not all machines have the required decryption codec installed. The implication here is that DRM technology violates the owner’s right to play the audio CD on any machine s/he chooses and restricts the types of machines on which s/he can play the CD. Hence, restrictions on use extend beyond the illegal duplication and dissemination of the copyrighted music and, indeed violate the CD owner’s rights. Apart from its violation of fair use policy, DRM had the effect, not of halting illegal copying of copyrighted music but, of negatively impacting music sales. As the music industry’s leading producers, EMI, Sony and others have realised â€Å"DRM doesn’t work and actually negatively impacts sales† (Rapoza, 47). It is an extremely costly approach to the prevention of copyright violations and, more importantly, it does not fulfil its promise to prevent unauthorised copying and dissemination. This is because encryption codes have proven

The Story of Simon Simopath Concept Album Essay

The Story of Simon Simopath Concept Album - Essay Example Even before listening to this song, one would conclude that it is a love song, taking into consideration its name. The Wings of Love is a love song that makes the ten songs within the concept album of Simon Simopath. This song describes the manner through, which Simon was making wishes to the sky to permit him to have wings of love. It narrates how Simon made wishes in regard to possession of the wings and how he asserts that he would reward the skies in the case that he was given the wings of love. In addition, the song goes to an extent of narrating how Simon had made wishes to fall in love using the wings he demanded. There is proper use of rhythmic effects in this song, giving a rather sad feeling of a frustrated person that is in great desire to achieve something. This is a two minute song within the concept album of Simon Simopath. From the manner through, which this song is sung, it evident that it was directed towards Simon Simopath; it narrates the sadness that Simon Simopat h is experiencing. The song involves appropriate use of instrumental i.e. piano and guitars, played in a rhythmic manner, giving the song an love emotions and some sense of sadness regarding the loneliness that was experienced by Simon Simopath. In addition, the melody of the song through the use of the instruments that seems compatible with the singers. The song, â€Å"We can help you† is another song that was included in the concept album, Simon Simopath.

Business Process Management Experience Business Essay

Business Process Management Experience Business Essay A study published by Gartner (Gartner: Michael James Melenovsky / Jim Sinur / Janelle B. Hill / David W. McCoy, Business Process Management: Preparing for the Process-Managed Organization, 2005) defines Business Process Management (BPM) as follows: BPM is a management practice that provides for governance of a businesss process environment toward the goal of improving agility and operational performance. BPM is a structured approach employing methods, policies, metrics, management practices and software tools to manage and continuously optimize an organizations activities and processes. My learning experience on business process management started in the early years of my career when I worked as programmer and subsequently a project manager with a local software house (See CV Aug 1981 Aug 1994). I spent many years working in the development, implementation and management of an insurance package for a number of insurance agencies in Malta. Working closely with insurance personnel to understand their pain areas and their business requirements gave me a very good knowledge and insight on the insurance business, and helped me develop my interpersonal and communication skills. Analysing their working practices, identifying areas of improvements and making recommendations for automation developed my analytical skills. This experience was further reinforced when I attended a one-year study course with examination (See CV Training 1985 to 1986) for the attainment of an analysis and design diploma and a graduate membership with the Institution of Analysts and Programmers. Good formal training on internationally-renowned systems analysis and design methodologies, held in the nineties (E.g. SSADM, DSDM, BPR), further strengthened my skills and knowledge in process modelling and business analysis. This also taught me how to intelligently select a variety of techniques and approaches to be used in tackling different kinds of situations. I consider this training as a turning-point in my career because, through it, I discovered a profound interest in structured methodologies, which I continued developing over the years and still at it after thirty years. The in-depth knowledge in structured methodologies acquired in the previous years also turned me into a highly structured individual with good organisational skills who can organise himself and others. In 2005, as Information Systems Strategist at Air Malta, I proposed the setting up of a business process improvement function within my sphere of responsibilities. This recommendation was accepted. Over the next two years I worked on two assignments, namely, the reorganisation of the Airlines Commercial Division, and the Tour Operator Contract Management business process (See AOL1 Project Management Pg 2). A few months ago, in my role as Head of IT at APS Bank, I made recommendations to set up a new BPM unit in order to initiate a number of change programmes that would focus on improving the Banks working practices and introduce further automation. The recommendations were accepted and a change programme set in motion. In this AOL, I will demonstrate the use of my skills and knowledge in the creation of a business process management function at APS Bank and my experiences on the first change projects. Learning Trail My knowledge on business process management has developed over the years throughout a mix of implicit and explicit learning, formal training and on-the-job working experiences. The following is a diagram depicting my learning trail in business process management: Diagram 1: BPM Learning Trail Skills and Activities The following is a table highlighting the skills and relevant activities covered in this AOL: Skills Activities Gaining Organisational Adoption Establish Banks BPM readiness Research best practices Gain buy-in for adoption of new idea Setting up a Business Process Management Competency Centre Establish the organisation structure and services to be offered Select a methodology and toolset Establish a programme of works Deliver a BPM programme Execute a pilot project Execute the first project Promote first achievements and good results Formation of a BPM Competency Centre at APS Bank Gaining Organisational Adoption: APS Bank is relatively small in size and client base when compared to other local banks, but has a niche market and a rich banking history spanning over a hundred years of successful operation. My direct involvement in the preparation of the Banks IT strategy and its business strategy (See AOL 2 IT Strategy Definition), gave me a fairly good insight in its business model and working practices. When I looked at the evolution of the Bank over the past hundred years; its transformation into a commercial bank a few years ago; its fast growth rate; and the findings of a situational analysis; it became apparent that this fast change and constant evolution created operational silos and inefficient working practices. To me, these factors clearly indicated that the Bank needed urgent re-engineering to streamline and standardise its business processes; to realign the organisation structure; and to introduce automation to support this change. It was the perfect site for the adoption of Business Process Management (BPM). As Head of IT I firmly believed that reengineering a business process prior to automating it would be extremely beneficial, because the resultant computer-system would represent a streamlined and efficient process legacy working practices, duplication and redundant steps would be eliminated before embarking on systems development. I decided to research and explore the best possible approach to use in order to build up business process management capabilities within the IT Division. I was concerned about the Banks readiness to accept this culture change. I was aware that introducing and practicing BPM would bring about significant changes and possibly resistance to change. Having researched the subject, I discovered Gartners Enterprise Personality Profile (EPP) method to assess the Banks readiness for this change (Gartner: Elise Olding, Bill Rosser, Getting Started with BPM, Part 1: Assessing Readiness, Pg 3, 2007). On evaluation, I concluded that the Bank could be classified as a Cultural Moderate, whose definition by Gartner is: Cultural moderates operate in a more stable but sometimes disjointed fashion; they tend to seek parity with other enterprises. I could relate to this definition, because of the Banks: (i) operational silos; (ii) conservative outlook and low risk appetite; and (iii) tendency to follow market leaders and rarely venture forward into becoming innovators. The Gartner study also recommended that Moderates are more likely to respond to projec ts that will offer competitive advantage such as improved customer service. I used the results of this assessment to mould my next steps in obtaining organisational adoption. Subsequently, I also used this new knowledge whilst preparing the annual programme of works. The experiences and skills I had acquired in my previous jobs with MITTS Ltd when I set up a Rapid Application Development Unit (See CV Jan 1996 Aug 2000); an Information Management Unit; and an Enterprise Architecture Unit (See CV Sep 2001 Aug 2004); were extremely helpful. The aggregation of positive and negative experiences encountered during these assignments gave me a proved and tested approach to use in the creation of this new unit. My next step was to research approaches used in similar situations by my peers in the industry. I used Gartner research material and found tons of information on the subject. It was comforting to see that my approach was pretty close to the mark. I collected all the information I required and prepared a PowerPoint presentation that provided the rationale behind my recommendation to set up this new function. I then started my usual lobbying grand tour of influential people within the Bank. The first difficult milestone was to convince the CEO, who is a very thorough person whose focus on efficiency, discipline and achieving business results are high on his agenda. I therefore focused my presentation on the current situation and the added value that the new unit would bring. The CEO was interested in this new concept and instructed me to bring it up for discussion at the Executive Management Committee. I used the same presentation at the Executive Management Committee, but the results were different. Some heads felt that BPM was an invasive and meddling exercise in their methods of working they had difficulties accepting external parties telling them whats wrong and how to do things. Other heads questioned the need for any improvements to the current business processes. Others were concerned at their required level of involvement during a BPM project. In short, I realised that I had made a mistake I had rushed into this without having carried out the appropriate level of lobbying with the individual heads before meeting them collectively in a group I had not used my experience and intrinsic learning I had previously acquired. In the following weeks I had to make some corrections and therefore changed tact. In other meetings that followed, I emphasised on some key areas to try and convince the heads that this was good for the company, because: (i) the BPM Unit is to be considered as a consultant that provides re-engineering services to the Head and his division it is not an internal audit; (ii) the Head and his division will rarely ever have the time and opportunity to dedicate weeks of effort to reassess their working practices the BPM unit can do that for them; (iii) every decision or proposed change will be carried out with the division the BPM unit are only facilitators; and (iv) any move to change has to be fully authorised by the Head of the division. This painful but important exercise, that should have been carried out previously, was relatively successful the Executive Management Committee cautiously bought into the concept. My recommendation to set up the new BPM Unit was adopted by the Bank and placed as one of my targets in the new Business Plan. It was now important to tread carefully in the first one or two BPM projects in order to ensure full buy-in. Setting up a BPM Competency Centre: Two years previously, I had set up a unit within the IT Division (i.e. Client Services Unit), to act as a buffer between IT and its internal business clients. This unit is staffed by ex-business personnel who understood the Banks working practices; could speak the same language as their business clients; and who could therefore show empathy towards their business colleagues. Reviewing, understanding and proposing changes to working practices required a good doze of knowledge on banking. I therefore found it suitable and logical to set up the new BPM function under the umbrella of the above mentioned Unit. The objective was to ensure that BPM personnel inherit the mindset of customer care and relationship building. I did not want to start big, so I recruited two bank personnel who had a good mix of banking knowledge, as well as, a good IT know-how. The next step was to research, select and establish a methodology and a toolset that would eventually be used to deliver BPM projects. I consider the use and knowledge of methodologies to be one of my core competencies. In the nineties, I attended a number of good training study courses in methods, such as Systems Development and Design Methodologies (SSADM) and the Dynamic Systems Development Method (DSDM now known as Agile) (See Relevant Training Courses below). I have also acquired solid hands-on experience in the use of these methods, especially during the period 1990 to 1994, when I worked on large projects in the insurance and oil industries (See CV Jan 1990 Aug 1994). Therefore, establishing and documenting an initial approach to be used for BPM projects was not a difficult task to complete. In 1995, in my new job at MITTS Ltd (See CV Sep 1994 Aug 2000), I was given the opportunity to set up a rapid application development unit for the Government of Malta, whose raison dà ªtre was to deliver small computer-based solutions in a phased and rapid manner. This experience was an extremely positive learning experience because it taught me to: (i) understand the importance of setting a vision, which gave the team a shared and common direction to get there; (ii) understand the importance of heavily involving your personnel during the birth of a new unit I found that this approach instilled a feeling of pride, bonding, comradeship and ownership; and (iii) understand group development, whereby teams go through four phases of maturity as stated by Bruce Tuckman (Tuckman, Bruce (1965), Developmental sequence in small groups, Psychological Bulletin 63 (6): 382-99), namely the forming-storming-norming-performing. I therefore set out to use the above learning experience to create the new BPM function. I engaged the new recruits in the design of the BPM method, techniques and toolset through interactive workshops and proof-of-concept projects. At each step of the way we met, compared notes and discussed areas of improvement. We moved into a natural cycle of continuous improvement, whereby each step of the way was constantly being challenged and refined on the basis of each others experiences. This method proved successful, because the personnel were motivated and fully engaged. Deliver a BPM programme: As already mentioned above (See Gaining organisational adoption), the Executive Management Committee cautiously bought into the new concept of a BPM function. Some Heads were not yet convinced of its benefits and some others were sceptical of the whole concept. I was given the chance to prove that this was the right thing to do. I therefore embarked on an exercise to establish a programme of works for the next twelve months. During the business planning exercise, that takes place each year, I invited my colleagues in the executive management committee to propose pain areas which they felt needed attention and assistance to sort out. I kept in mind the Enterprise Personality Profile assessment I had carried out earlier (See Gaining organizational adoption section above), whereby I had concluded that a corporate moderator would likely à ¢Ã¢â€š ¬Ã‚ ¦ respond to projects that will offer competitive advantage such as improved customer service (Gartner: Elise Old ing, Bill Rosser, Getting Started with BPM, Part 1: Assessing Readiness, Pg 3, 2007). Surely enough, the heads proposed four areas that would focus on customer touch-points (e.g. customer on-boarding and the call centre) a very positive turning point and a show of trust. We now had a programme of works and some willing sponsors. Before embarking on the first official project, we decided to initiate a pilot project with the aim to: (i) Test the selected approach and toolset; and (ii) Increase the level of skills and knowledge of the newly set BPM unit personnel on-the-job training. We selected the IT service desk business process that included incident management, change management, service level management and service request management. We piloted the full BPM lifecycle and again used regular meetings to identify areas of improvement at each step of the way. This exercise helped us to fine tune the selected approach and gain enough confidence to proceed with the first official BPM project. During the first project we tried to apply all the skills and knowledge we learnt during the proof-of-concept projects we had previously undertaken. At this point, the approach, techniques and tools were already well refined. We made it a point to use a totally participative and consultative approach across each step of the way. We prepared a detailed project brief and plan and ensured the full involvement of key business personnel selected by the project sponsor (head). The plan and expected outcomes were authorised by the project board. The project proceeded well and the initial outcome was very encouraging. We had passed the first difficult test. Relevant Training Courses Period Training Course Training Institute 2011 Business Process Management Gartner Ireland Limited, UK 1999 Dynamic Systems Development Method Practitioners Course (DSDM) DSDM Consortium 1997 Dynamic Systems Development Method Practitioners Course (DSDM) ITP Limited 1996 Business Process Re-Engineering Parity Training Limited, UK 1992 Systems Analysis Design Methodology (SSADM V4) BIS Applied Systems Limited 1990 Systems Analysis Design Methodology (SSADM V3) BIS Applied Systems Limited 1985 1986 Analysis Design graduate membership after having attended a formal course study and examination approved by the Institute Institution of Analysts Programmers, UK Evidence

Aboriginal Customary Law VS European Law Essay -- essays research pape

Aboriginal customary law and European law have been at odds since the first years of the European invasion, but only recently has the clash come into the open. Stuart MacMillan of the Aboriginal Resource and Development Services in the Northern Territory says that remote Aboriginal communities there and in Western Australia, South Australia and Queensland see no reason why they should submit to "whitefella law". The governments of the Northern Territory and Western Australia are investigating how indigenous law can be incorporated into state law. Chris Sidoti of the Human Rights Council of Australia says: "Some people would say that human rights runs opposite to Aboriginal law, others that it provides a universal standard to which other legal traditions must adapt. Customary law can't remain immutable. The problem for those trying to bring the two systems into line is that human rights law derives from a western legal tradition which frequently contradicts Aboriginal law. Colin McDonald, a Darwin barrister and expert in customary law, says that on such issues Australia's legal system may simply have to bite the bullet and go against the norms of international human rights. Aboriginal women have often claimed that the law has been slanted to support the rights of indigenous men over women. Lowitja O'Donoghue, who formerly chaired the government's Aboriginal affairs body ATSIC, believes that Australian law should be more aggressive in such cases. Some aspects of Aboriginal law are falling out of practice. Chris Sidoti believes that whatever balance is struck will be as distinct from traditional European law as it is from traditional Aboriginal law. "For traditional people, being put in jail is more inhuman than spearing, and any unified law would have to recognise that. Aboriginal Customary Law The High Court did, however, conclude in that case (a conclusion confirmed in WA v Commonwealth, Wororra Peoples v WA and Teddy Biljabu and others v WA, High Court, March 16 1995) that some Aboriginal land law (that which attracted the status of 'native title') survived the colonisation process. What is far less certain is the fate of Aboriginal customary laws that were not concerned with title to land. Did traditional laws on subjects such as family relationships, title to goods, community justice mechanisms, inheritance and criminal law survive c... ...e necessary, and those laws which were to be applied could not be made applicable to all of the Aboriginal peoples but only to some. It would not be inconsistent with the principle of equality before the law that, where members of the Aboriginal race have special needs, those should be recognised by special rules laid down by the law. Further, the law is flexible enough to allow the courts to consider the special situation of an Aboriginal party where that is relevant. As the courts have recognised, the sentencing of Aboriginal offenders presents particular difficulties. Judges, in an attempt to do justice in discharging the difficult role of sentencing tribal and semi-tribal Aboriginal persons, have gone further. Clearly the ordinary criminal law is capable of facing these difficulties. It is neither necessary, nor desirable, to apply to the Aboriginal peoples the rules of their customary law rather than the general law. The attempt to uphold Aboriginal customary law is one aspect of the notion that the Aboriginal peoples will benefit if they continue to be treated as a class separate from the rest of the communi ty, which must necessarily be a dependent and disadvantaged class.

Introduction to Distribution Management

Distribution Management Introduction to What do we mean by Logistics? †¢ Logistics concerns itself with the movement of the physical flow which begins with the source of supply and ends at the point of consumption. †¢ Logistics is also concerned with: †¢ †¢ †¢ †¢ †¢ †¢ †¢ Plant and warehouse location Inventory levels Production scheduling Materials management Storage Customer order processing Inwards and outwards freight and †¢ Distribution channels. History of warehouse In early writings, man was described as having stored excess food and kept animals for emergency surplus. †¢ As civilization developed, local warehouses were introduced. Merchandise was stored in connection with shipping, trading, and manufacturing activities. †¢ When transportation branched out from local to cross-country, warehouses became more than local storehouses. †¢ The warehouses were located in the center of the city, usually close to the railr oad depot and the wholesale market district. History of Warehouse As the demand for storage space increased and land value rose, multistory buildings were erected to provide more storage space on minimum amount of land. †¢ Technology has created a highly specialized discipline that allows warehouses to store more per square meter, move stock faster and more accurately, and to know where everything is located. Discussion Connections Form groups randomly to think about the following questions: †¢ Some people say warehouse is a evil because it is totally a cost-adding activity. Do you agree? Describe the roles of the refrigerator in your home. What is the implications for the understanding of the value of warehousing. Why have a warehouse? †¢ Supply chain imbalances The supply chain connecting manufacturing with end consumers will never be so well coordinated that warehousing will be completely eliminated. How to increase the flexibility of warehouse operations through p rocess design, system selection and justification, and layout configuration is what we will try to study in the whole course. Why have a warehouse? High speed – zero defect supply chains Supply chain integration will lead to reduced inventory holdings along supply pipeline. The accuracy and cycle time performance pressures in warehousing are immense. Warehouse in the Supply Chain Value adding warehousing Major Types: Raw materials and component warehouse Hold raw materials at or near the point of induction into a manufacturing or assembly process. Work in progress warehouse Hold partially completed assemblies and products at various points along an assembly or production line. Finished goods Hold inventory used to balance and buffer the variation between production schedules and demand. Located near the point of manufacture Full pallets in and full pallets out Value adding warehousing Distribution warehouse and DC Accumulate and consolidate products from various points of manufacture within a single firm, or from several firms, for combined shipment to common customers. Located central to either the production locations or the customer base. Fulfillment warehouse and fulfillment center Receive, pick and ship small orders for individual consumers. Value adding warehousing Local warehouse Distributed in the field in order to shorten transportation distances to permit rapid response to customer demand. Single items are picked, and the same item may be shipped to the customer every day. Value-added service warehouse Serve as the facility where key product customization activities are executed, including packaging,labeling, marking, pricing, and return processing. Value adding warehousing Generally, the value of warehousing lies in that having the right product in the right place at the right time. Thus, warehousing provides the time-and-place utility necessary for a company to prosper. Importance of Warehouse Costs †¢ Warehousing is expensive †¢ Between 2 and 5 % of the cost of sales †¢ ROI emphasis puts pressure on warehouse costs †¢ Customer service emphasis can increase costs †¢ Challenge to increase service levels at the same time as reduci ng costs †¢ Focus on Productivity Accuracy efficiency Discussion Connections †¢ Use some examples to explain the customer service in logistics area? †¢ Why we need to emphasize it? †¢ What will be the possible elements of distribution activity which affect customer service. Warehousing Environment †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ E-commerce Supply chain development and partnering Globalisation Quick response Just in time Rising labour costs Increasing SKU population Increasing technology choices Warehouse Requirements †¢ †¢ †¢ †¢ †¢ Execute more, smaller transactions Handle and store more items Provide more product & service customization Offer more value added services Process more returns Receive and ship more international orders Warehouse Limitations †¢ Less time to process orders †¢ Less margin for error – requirement for exacting accuracy levels †¢ Difficulties in finding suitable staff †¢ Warehouse management system (WMS) capability / fit to requirement problems, or justification for ROI The Bottom Line Warehouses / distribution centers play an increasingly important role in the success or failure of business enterprises. Warehouse master planning methodology Warehouse master planning methodology †¢ Investigating warehouse operations through warehouse activity profiling and warehouse performance benchmarking. †¢ Innovating, optimizing and simplifying warehouse operations in receiving and put-away, storage, order picking, shipping, and material flow. †¢ Implementing new warehousing designs in computerizing warehouse operations, and humanizing warehouse operations. World Class Warehousing Profile – orders, item activity, process, customer †¢ Benchmark – performance – practices – operating infrastructure †¢ Innovate – streamlining – eliminating unnecessary activities – better ways of doing activities †¢ Automate – computerize and mechanize †¢ Humanize – involvement of warehouse peopletreat people the way you would like to be treated Warehouse Activities Warehousing Activities †¢ Receiving Accurate and speedy receipt of all materials coming into the warehouse Order accuracy/quality confirmation Disbursing materials to storage or other destination – cross dock Warehousing Activities †¢ Pre-packaging Converting bulk receipts into smaller quantities Warehousing Activities †¢ Put Away Placing products/packages/unit loads into storage It includes: Materials handling Product placement Location verification Warehousing Activities †¢ Storage Physical containment of products until required Storage method depends on the size and quantity of the items in inventory and the handling characteristics of the product or its container. Warehousing Activities †¢ Order Picking Process of removing products from storage to meet a specific customer demand The essential basic warehouse function around which most warehouse designs are based High impact on customer satisfaction Warehousing Activities †¢ Packaging and/or pricing Optional process after the picking process Normal where mail/ courier delivery is involved Involves protective packaging Prepricing at manufacturer or receipt into the warehouse inevitably leads to some repricing activity as price lists are changed while merchandise sits in inventory. Warehousing Activities †¢ Sortation Consolidation of the order into a total customer delivery Occurs where consolidation is not completed during the picking operation Warehousing Activities †¢ Unitizing & Shipping Including the following tasks: Checking order for completeness Packaging into shipping containers/ unit loads Preparing shipping documents ,including packing lists, address labels, consignment notes and bills of lading Weighing to determine shipping charges Accumulating orders by outbound carrier Loading trucks or containers Learning Objective Basing on the current situations in Chinese market to : Have an understanding of the role and function of warehousing & distribution in the total integrated logistics process Have a basic knowledge of the process of designing warehouse facilities Know the equipment options and their uses for storage and materials handling Be aware of the customer service implications and the customer order processing options. Learning objective Understand the importance of standards & performance measurement, and the opportunities presented by distribution information and warehouse management systems. Appreciate the potential and importance of electronic data interchange and automatic identification to distribution operation Be aware of the importance of human relations management to warehousing & distribution and understand the process of selection, training, motivation and communication in the physical distribution environment.

Louisiana Serial Killer Ronald Dominique

Louisiana Serial Killer Ronald Dominique Ronald J. Dominique of Houma, LA has confessed to murdering 23 men over the course of nine years and dumping their bodies in sugarcane fields, ditches and small bayous in six southeast Louisiana parishes. His reason for killing? He did not want to return to jail after raping the men. The First Victims In 1997, authorities found 19-year-old David Levron Mitchells murdered body near Hahnville. The body of 20-year-old Gary Pierre was found in St. Charles Parish six months later. In July 1998, the body of 38-year-old Larry Ranson was found in St. Charles Parish. Over the next nine years, more bodies of men ranging in age from 19 to 40 would be found dumped in sugarcane fields, desolate bayous, and ditches in remote areas. Similarities in 23 of the murders lead investigators to suspect the men were victims of a serial killer. The Task Force A task force made up of nine South Louisiana parish sheriffs offices, the Louisiana State Police and the FBI were formed in March 2005, to investigate the murders. Investigators knew the 23 victims were mostly homeless men, many who led high-risk lifestyles, which included drug use and prostitution. The victims had been asphyxiated or strangled, some raped and several were barefooted. The Arrest After receiving a tip, authorities armed with forensic evidence, arrested Ronald Dominique, 42, and charged him with the murder and rape of 19-year-old Manuel Reed and 27-year-old Oliver Lebanks. Just days before his arrest, Dominique had moved from his sisters home into the Bunkhouse shelter in Houma, LA. Residents of the home described Dominique as odd, but no one suspected he was a killer.​ Dominique Confesses to 23 Murders Soon after his arrest, Dominique confessed to murdering 23 southeast Louisiana men. His tactics in capturing, sometimes raping then murdering the men was simple. He would lure homeless men with the promise of sex in exchange for money. Sometimes he would tell the men he wanted to pay them to have sex with his wife and then show a picture of an attractive woman. Dominique was not married. Dominique then led the men to his home, asked to tie them up, then raped and eventually murdered the men to avoid arrest. In his statement to the police, Dominique said the men who refused to be tied up would leave his home unharmed. Such was the case with one unnamed man who reported the incident to the task force, a tip that eventually led to Dominiques arrest. Who Is Ronald Dominique? Ronald Dominique spent much of his youth in the small bayou community of Thibodaux, LA. Thibodaux sits between New Orleans and Baton Rouge and is the type of community where everyone knows a little about each other. He attended Thibodaux High School where he was in the glee club and sang in the chorus. Classmates who remember Dominique say he was ridiculed for being homosexual during his teen years, but at the time he never admitted he was gay. As he got older, he seemed to live in two worlds. There was the Dominique who was helpful to his neighbors in the small trailer parks where he lived. Then there was the Dominique who cross-dressed and did bad impersonations of Patti LaBelle at the local gay club. Neither world embraced  him, and among the gay community, many remember him as someone who was not particularly well liked. Through most of his adulthood, Dominique struggled financially and would end up living with his mother or other relatives. In the weeks before his arrest, he was living with his sister in a single-wide trailer. He was suffering from declining health, having been hospitalized for a severe heart condition and forced to use a cane to walk. Outwardly, there was side to Dominique who enjoyed helping people. He joined the Lions Club just months before his arrest and spent Sunday afternoons calling out Bingo numbers to senior citizens. The membership director said he was well liked by everyone he had met through the Lions Club. Maybe Dominique had finally found a place he felt accepted. What sparked Dominique to move from the comfort of his sisters home to the dismal surroundings of a shelter for the homeless is uncertain. Some suspect the family grew uncomfortable by the 24-hour police surveillance and Dominique, knowing he was soon to be caught, moved away to avoid getting his family involved in his arrest. A Criminal History Dominiques past arrests include forcible rape, disturbing the peace and telephone harassment. Feb. 10, 2002 - Arrested in Terrebonne Parish after he allegedly slapped a woman during a Mardi Gras parade. According to the reports, Dominique accused a woman of hitting a baby stroller in a parking lot. The woman apologized, but Dominique continued to verbally assault her, and then slapped her across the face. He was arrested but entered a parish offenders program instead of standing trial. Reports show he met all his conditions in the program in October 2002.May 19, 2000 - He received a summons to appear in court on disturbing the peace charges. Since it was a misdemeanor, he was able to plead guilty and pay a fine to avoid appearing in court.Aug. 25, 1996 - Dominique was arrested on forcible rape charges and booked on a $100,000 bond. According to neighbors, a partially dressed young man escaped from the window of Dominiques home in Thibodaux, screaming that he had tried to kill him. When the case was brought to court, the victim could not be found to testify. In November 1996, the judge continued the case indefinitely. May 15, 1994 - Arrested and charged with driving while intoxicated and speeding.June 12, 1985 - Arrested and charged with telephone harassment. He pleaded guilty, paid a $74 fine and court costs. Three days after Dominiques arrest for killing Mitchell and Pierre, investigators said Dominique confessed to 21 other murders, giving details only the killer would know.

Power Issues And Case Analysis Imbalances Social Work Essay Essays

Power Issues And Case Analysis Imbalances Social Work Essay Essays Power Issues And Case Analysis Imbalances Social Work Essay Essay Power Issues And Case Analysis Imbalances Social Work Essay Essay he besides highlights how we should resist the force per unit area to do people conform to white malestream norms ( Thompson 2000:141 ) . Healey ( 2005 ) discusses anti-oppressive pattern and how this looks at the personal, cultural and structural objects that can determine the jobs that service user s experience. Healey ( 2005 ) further discusses that through anti-oppressive pattern societal workers aim to advance service user authorization by promoting them to speak about and portion their feelings of impotence, to assist them understand how cultural and structural unfairnesss can determine their experiences of subjugation. Therefore when working with Ms. Evans and her household I would necessitate to integrate anti-oppressive pattern in order to authorise, and enable her to portion with me her feelings and experiences of impotence in order to derive a better apprehension of the households state of affairs. However Thompson ( 2000 ) high spots, societal work intercession involves the exercising of power, which if used negatively can reenforce the disadvantages that service users experience. Used positively nevertheless power can assist to heighten the working relationship, the results, and authorise the service user, as Healey ( 2000:202 ) writes postructuralists see power as an ever-present and productive characteristic of societal dealingss , and Foucault cited by Healey ( 2000 ) highlights the demand for us to recognize the productiveness of power, and argues that by concentrating on power as merely being oppressive ignores the positive dimensions of power. Ms. Evans has been referred to societal services via the Health Visitor ; this could be doing her feel disempowered and nervous about the Forth coming intercession of societal services. Therefore when working with Ms. Evans and her household I would hold to recognize the power instabilities between us, ( Thompson 2000 ) . I would necessitate to be sensitive to the issues of power and instabilities by being clear with Ms. Evans on my function and intent, explicating professional boundaries and duties ( Trevithick 2005 ) . I would besides necessitate to see my usage of linguistic communication and how every bit Dalrymple ( 1995 ) cited by Healey ( 2000:184 ) explains the manner in which linguistic communication can reflect power derived functions and have an impact on the people with whom we are working . Equally good as recognizing power issues and instabilities, as the societal worker cubic decimeter would besides necessitate to set about a hazard appraisal. As Thompson ( 2000 ) high spots, to measure the grade and nature of any hazard to which Ms. Evans and her household could be exposed to. Measuring exposure to hazards or a individual, who is vulnerable to it is cardinal to assessment within societal work pattern ( Davies 2005 ) . Stated in the Codes of Practice, as a societal attention worker, you must esteem the rights of service users while seeking to guarantee that their behavior does non harm themselves or other people ( GSCC 2007:4 ) . This includes following hazard appraisal policies and processs to measure whether the behavior of service users presents a hazard of injury to themselves or others ( GSCC 2007: 4.2 ) . Therefore when working with Ms. Evans and her household I would necessitate to be cognizant of my organizational and statutory responsibilities as there are significant policies, counsel, and models to inform my pattern on hazard appraisal. When working with kids and households as Brayne ( 2005 ) high spots, I would necessitate to be cognizant of the jurisprudence, which under the Children Act 1989 provinces ; my primary duty would be when working with Ms. Evans and her household to that of the kid, or kids. Ms. Evans has stated that on occasions she and her household have experienced verbal maltreatment, which would necessitate to be investigated farther to make up ones mind on any hazards this may present to the household. However she has been described by the Health Visitor as enduring from station natal depression, and finds it hard to care for her kids, aged seven, five, and a 10 hebdomad old babe who has spinal bifida. Therefore it could be said that my primary statutory concern would be, to what extent is her station natal depression set uping the attention and public assistance of her kids, and does this present any hazards that need to be identified. Risk appraisal and the direction of hazard have become dominant in all countries of societal work. Kemshall ( 1997:123 ) cited by Davies ( 1997:123 ) high spots that within societal work hazard appraisal and hazard direction have become cardinal issues and are frequently cardinal in the determinations, to allocate resources, to step in in the lives and picks of others or to restrict the autonomies of activities of clients . Risk appraisal has become a dominant discourse within societal work because societal workers are employed within a hazard society, which searches for ways to place and pull off hazard efficaciously . ( Higham 2005:182 ) However every bit stated in the codifications of pattern, societal workers should besides recognise that service users have the right to take hazards, and assist them to place and pull off possible and existent hazards to themselves and others ( GSCC 2007: 4.1 ) . Higham ( 2006:182 ) discusses how service user s strengths that are likely to decrease the predicted hazards should be assessed in maintaining with the societal work value of authorization. Pritchard ( 1996 ) cited by Davies ( 1997:124 ) discusses how service users should non be denied the chances to take hazards or exercising pick, and provinces that, risk-taking is an of import characteristic of all our lives ( Davies 1997:124 ) . However, as Thompson ( 2000 ) explains, the balance between attention and control within societal work can be hard to keep. By nearing this instance with a undertaking centred attack would as Healey ( 2005 ) explains, average focusing on enabling Ms. Evans to do little and meaningful alterations in her life, that she has recognised, acknowledged and wanted to work on. Coulshed ( 1998 ) high spots that within this attack the service user is the chief alteration agent, assisting the worker to measure what the precedences for alteration ought to be. She farther explains that because the worker is every bit accountable as the service user in transporting out agreed undertakings this lessens the sense of impotence that the service user possibly feeling. A undertaking centred attack works on a specific set of processs whereby the service user is helped to transport out problem-alleviating undertakings ( Coulshed 1998 ) . Healey ( 2005 ) explains that it consists of the pre-intervention phase, followed by four consecutive but overlapping stairss. Therefore foremost I would necessitate to understand and set up the beginning of referral ( the Health Visitor ) and negotiate with them any outlooks and positions. However as Healey ( 2005 ) provinces, by understanding the positions of the mentioning bureau does non intend that this has to be the focal point of work, as I would necessitate to work with Ms. Evans on specifying the mark jobs. Common lucidity between Ms. Evans and me would necessitate to be addressed, discoursing any bounds or boundaries, explicating confidentiality, my function, every bit good as any legal or other duties. Working in coaction with Ms. Evans I would seek to research and prioritize Ms. Evans positions of her jobs, as the service user engagement in placing the mark jobs are critical to concentrating their attempts on alteration ( Healey 2005:119 ) . Epstein and Brown ( 2002 ) cited by Healey ( 2005 ) suggest a upper limit of three mark jobs, as it is non necessary to turn to all jobs identified. Success in a few can hold a knock-on consequence for other jobs in a service user s life that may enable them to populate with these jobs or to cover with them ( Healey 2005:113 ) . However as Healey ( 2005 ) writes, although within a undertaking centred approach the service user s definitions of their jobs should predominate, in fortunes where the worker is duty edge to take a firm stand on sing certain jobs, or a opinion has been made of a possible hazard that the service user may present to themselves or others, than these issues should be clearly raised. An expressed understanding ( contract ) would necessitate to be reciprocally clarified. This would include times, location of meetings, and elaborate information on the ends of intercession, whereby the service user should be responsible for make up ones minding the order in which jobs should be addressed ( Healey 2005 ) . It should besides include any ends the societal worker has on behalf of their bureau or statutory responsibilities. For illustration when working with Ms. Evans, ends for intercession might include her wellness position to be investigated in relation to her station natal depression. Equally good as this a statement of undertakings would be listed to turn to mark jobs and to develop the service user s problem-solving accomplishments ( Healey 2005 ) . This is the cardinal purpose of undertaking centred pattern, hence we must defy any enticement to make for , instead than make with the service user ( Healey 2005:122 ) . An illustration of one undertaking could be ; Ms. Evans to derive more information on spinal bifida and so frontward this to her spouse, as she feels that he has non accepted their girl s status, and this could be a fright of the unknown. In back uping Ms. Evans in her undertaking public presentation I would promote, and assist construct on her strengths possibly through practising set undertakings with her in the signifier of function drama ( Healey 2005 ) . This would enable for any schemes necessary to be put into topographic point to assist Ms. Evans overcome any obstructions that she may experience could impede the completion of a certain undertaking. Undertaking centred pattern is a systematic procedure, hence throughout my work with Ms. Evans I would necessitate to regularly reappraisal performed undertakings in order to admit any addition made, every bit good as reference any undertakings that have non been performed. This would give me the chance to turn to any issues with Ms. Evans and to research ways if deemed necessary to revise our contract. Finally built-in to the undertaking centred construction is the demand for a well planned expiration. Healey ( 2005:124 ) writes that a clear and looming deadline is critical for concentrating worker and service user attempts on alteration . Within the expiration meeting I would reexamine with Ms, Evans the overall advancement of our work, and how in the hereafter she might keep any advancement that has been made ( Healey 2005 ) . Healey ( 2005 ) explains that a undertaking centred model provides a shell in which other theoretical positions can be incorporated. Integrating a strengths position would, like undertaking centred pattern focal point on, constructing a service user s capacity to assist themselves and to promote a common acquisition partnership between workers and service user s , ( Healey 2005:158 ) maintaining within the societal work values of authorization, regard and service user self-government. Harmonizing to Healey ( 2005 ) the strengths position dressed ores on enabling service users and communities to work towards their hereafter hopes and dreams, instead than looking at past or present jobs. Saleeby ( 1997:4 ) cited by Healey ( 2005:152 ) provinces that the strengths perspective expression is straightforward, where workers are required to mobilise service users strengths in order to enable them to accomplish their ends and aims, which would take to the service user holding a better quality of life on their footings ( Healey 2005:152 ) . Some of the cardinal premises of the strengths position are, all people have strengths, capacities and resources , and people by and large demonstrate resiliency, instead than pathology when confronting inauspicious life events. ( Healey 2005:157 ) . Healey ( 2005 ) discusses the pattern rules and how the societal worker should follow a positive and optimistic attitude towards service users, working in partnership with them so solutions to jobs are developed collaboratively. Healey ( 2005:162 ) farther states that the formation of a good working partnership can increase the resources available to work out the job at manus . Therefore when working with Ms. Evans I would concentrate on listening to her narrative, placing her capacities, strengths, and resourcefulness which could lend to positive alterations. I would clear up any strengths with her as Healey ( 2005:162 ) explains, service users can grow when others peculiarly helpers actively affirm and back up their capacity to make so . My function as the societal worker would be to ease Ms. Evans capacity to admit, and utilize existing strengths and resources which would enable her to develop new 1s. These strengths could be for illustration ; the accomplishments she has developed from rearing, most of which due to her spouse being in the Navy she may hold done independently. Ms. Evans defines herself as Asiatic and that Islam is of import to her, hence, another strength could be that of adaptability, and holding the interior strength to research new experiences, as she may hold moved from an Asian community to be with her spouse in the naval married quarters. Harmonizing to Saleeby ( 1996 ) cited by Healey ( 2005:164 ) belonging to a community is the first measure towards authorization . Therefore by working towards societal justness rules I would research with Ms. Evans what formal and informal aid was available to her within the community. For illustration, a female parent and yearling group, which would enable her to go portion of the community that she feels she has non been accepted into. Healey ( 2005:164 ) explains community support can construct and pull on the capacities of service users to assist themselves and to assist others . I would besides discourse with her the aid she is already having in relation to her babe and her diagnosing of spinal bifida, which could intend the household are entitled to both fiscal and practical aid. This could include a household support carer to give some reprieve, which would let Ms. Evans some clip to prosecute her ain involvements, such as her faith. Further to this I would necessitate to recognize any strengths and assets within Ms. Evans societal webs, such as people she may experience can be supportive, possibly discoursing with her possible personal support from household and friends ( Healey 2005 ) . In decision this assignment has discussed the issues of power and how societal workers need to be sensitive to and recognize power instabilities. .Following this, hazard discourse has been explained, every bit good as a undertaking centred attack to the instance survey. Finally the strengths position was incorporated which focuses on the capacities and potencies of the service user.

Analyzing and Writing Cases Article Example | Topics and Well Written Essays - 2000 words

Analyzing and Writing Cases - Article Example In general, the selection of strategy consists of a number of approaches. In organizational context, the choice of the approach relies on several factors such as the current situation of the company, the resources of the company, competencies and policies of the organization, risk tolerance potential, internal clashes, extent of external reliance and expected competitive response among others. With due consideration to these factors, the alternative strategies that have been recommended for Edward Jones comprise of a combination of expansion as well as product development strategy. The present day business environment is altering continuously due to the inclusion of new entrants, the development of substitutes and enhanced performance of competitors and so on. As a result, Edward Jones might require discovering ways to mitigate threats from rivals and ascertain that is benefits from its persistent customer loyalty. Some of the organizational strategies to consolidate the business cou ld be enhancing the product or service quality, building better associations with customers so as to understand and meet their needs efficiently resulting in augmented customer loyalty. External Assessment The financial services industry functions on the principle of the trade-off between risk and return. The retail brokerage industry had made it possible for individual investors to invest in various financial securities, for instance stocks and bonds. This industry has evolved over the years and many factors such as increase in the worth of stock market, advent of technology and internet, increasing need of individuals to save for their future as a result of rise in the life expectancy level and rising expenses have contributed towards its rapid growth. Due to the rising competition in the market, diversification of investor needs and the increasing expectations of the customers, the retail brokerage industry primarily focuses on customer service. There exists a high level of conve rgence in the retail brokerage industry, which permits the companies to bundle their products as well as offer discounts. The rationale behind the convergence is that it is more cost-effective to cross-sell products. Moreover, the consolidation of the products results in shared information technology and elevated switching costs and acts as a major opportunity for the industry participants. The retail brokerage industry is highly correlated with the stock exchange market. The increase in the value of stock markets across the world has provided the industry with immense growth opportunity and would continue to do so. With the rise in the number of individual investors looking forward to make investments in various types of financial assets, the industry has huge growth potential. Though the industry has immense growth potential, the risky business practices that are the part of financial services organizations could bring about a stock market slump and adversely affect the retail bro kerage industry. This is a major threat that the retail brokerage industry has to encounter. The instances of focus on short term benefits is more in the financial sector, as the managers of such organizations want to please their stock holders by providing them superior immediate returns. However, in doing so, more often than not the managers ignore the long-term sustainable

Windows OS Essay Example | Topics and Well Written Essays - 500 words

Windows OS - Essay Example Windows Server 2003 has been built for being a Server for a Internet Service Provider. As for Windows Vista it is a operating system built for home or desktop computers. Windows Server was launched way before the launch of Windows Vista hence the later one is equipped with better technology. Windows Vista is more user friendly as it has been made for home usage but the Windows Server 2003 is made for administrators of a network hence it has a technical user interface. Windows Vista as compared to Windows Server 2003 has more restrictive licensing terms, the inclusion of a number of new Digital Rights Management technologies aimed at restricting the copying of protected digital media, and the usability of other new features such as User Account Control. All these have gone against it and the Windows Server 2003 leads in this area Apart from all this Windows Server 2003 is more secure comparatively. Windows XP as a client Operating System has been a huge success among LAN and P2P users. The major factor that has made windows XP such a huge success is its user friendliness and the easy user interface it offers. Automatic detection of any hardware plug and play devices without having to install the drivers through a CD has made it even more famous. The windows security system provides much safer Internet browsing and faster speeds to the user. Apart from all this Windows XP is compatible with any latest device and software that is being offered in the market. For example the latest Msn Messenger is compatible with windows XP. Sharing data on LAN becomes easier by the use of Windows XP. Windows XP provides wizards to guide a user during any process whether a user is installing minor software or installing Windows XP itself. Windows XP has enhanced online gaming and gaming on LAN by its special features. Windows XP enables a computer to use its resources