Hr Manuel-Hbm Pharmaceuticals Lahore Essay

There are certain easons behind adapting the employee recommendations intensively. Firstly, current employees know the best about the jobs need to be filled so, they can better recommend person who can better perform the particular jobs. Secondly, current employees will never suggest an applicant unless they make sure that he or she can perform confidently in front of managers. Because sending incapable applicant distort the image of employee who is promoting new applicant. 3. 1. 2. External searches: Other sources of recruitment are newspaper advertisements. This is the most popular method the company uses when it wants to publicly announce about its vacancies. Besides, HBM also use notifications pasting on different locations like walls and polls. The notification carries information of ‘Argent need of medical representative†. This help company to generate wide pool of applicant for the recruitment purpose Recommendations: Our company HBM uses advertisements for recruitment but company should also use the cyberspace method for recruitment. This method will ultimately help company to reduce its recruitment cost. Universities and collages notifications: HBM should use university and collages as sources of recruitment. Company should place information on the universities and collages notice boards and the websites. There company can capture fresh candidates. This method is also a cost effective method and beneficial for the recruitment. 3. 2. Selection phase: Company selection criteria include number of step the candidate has to pass through. 3. 2. 1. Initial screening: At this stage of selection, criterion company see that if candidate is fulfilling the minimum qualification, the candidate who meets the minimum qualification standard is then passed and eligible for the next coming stage. Rests of the candidates are rejected. 3. 2. 2. Completed application: HBM use a simple application form which contains simple questions like Name, Address, Telephone and Other personal information. It may include candidate’s experience, education and other experience certificates. Upon verification, if company finds any information faked, the candidate can be rejected. 3. 2. 3. Employment test: Because HBM’s major workforce is SPO (Sales Promotion Officer), merely SPO’s are required to qualify in the test. This simple test is based on memory the candidate is required to memorize medicine literature then his pronunciation, speaking fluency is checked. The pass candidates proceed for the next stage. In contrast, HBM does not take any test for candidates who are striving for other professions like accountant, storekeeper and security guard. Comprehensive interview: Here directors and zonal sales managers take the comprehensive interview. Applicant’s confidence and its emotional stability are checked here. Almost all candidates, belong to different knowledge background are required to pass through the comprehensive interview in order to check their confidence level. 3. 2. 5. Unconditional Job offers: After the comprehensive interview if applicants perform intelligently, HBM will offer conditional or unconditional job. Recommendations: HBM should use employment test for accountants, storekeepers and other applicants in order to measure applicant’s abilities, communication skills and analytical skills. Depending, which applicant fall in which category that’s how company can fill vacancy with who is better fit for the particular job. SPO’s should also be given test to gauge their selling techniques as they spend most of their time in selling medicine. SPO’s personal grooming should be give significant importance during hiring process. For Accountant position, HBM must take test to make sure their analytical skills 4. Socialization and Orientation Plan: Loneliness and a feeling of isolation are not unusual for new employees-they need special attention to put them at ease. So, the organization must follow the socialization process to update each new employee about the values and norms of working at HBM Pharmaceuticals. 4. 1. Socialization Process: †¢ Pre-arrival stage: The organization will use selection process to inform prospective employees about the organization as a whole. †¢ Encounter stage: If the new employees found the differences between their expectations about job and reality then these employees should be socialized to detach them from their previous assumptions and replace these with the organizations’ pivotal standards. †¢ Metamorphosis stage: Higher management will provide help to recently hired employees in case of any problem they faced during working in the organization. Each individual should be informed about the evaluation process. That is, they’ve gained an understanding of what criteria will be used to measure and appraise their work. A trusted environment should be developed and maintained by the higher management so that each employee should feel comfortable to work with the organization. Socialization of new employees can also be possible through the new-employee orientation process. 4. 2. New-employee Orientation Process: Activities that introduce new employees to the organization and their work units are the part of orientation. 4. 2. 1. The CEO’s Role in Orientation: The CEO as the head of the company’s executive management should participate in the orientation process to encourage new employees to work for this organization and also let the new employees to talk about their concerns. The CEO should visit each regional office at the announced date for at least once in a month to meet collectively with all new employees. 4. 2. 2 HRM’s Role in Orientation: The role of Human Resource Department is very important in the orientation because generally this department is responsible for recruiting and selection process. Currently, as there is no functional HR Department in the HBM Pharmaceuticals, so it is the duty of Director Sales and Zonal Sales Managers (ZSM’s) to play their role by conducting the official gatherings where the new employees will meet with the old employees and their interactions will develop. If the new employee is hire as Regional Sales Manager (RGM) or Zonal Sales Manager (ZSM) then The CEO will be present at the orientation ceremony. If the new employee is hired at other position, except that mentioned above, than the ZSM’s are responsible for orientation. ZSM should offer these new employees what else he/she can do for them in the future. 5. Training and Development Plan: 5. 1. Employee Training: There are two types of training available in HBM Pharmaceuticals: one for the new hiring and the other is for the existing employees. 5. 1. 1. New employees: Training is only available for new hiring as Sales Promotion Officer (SPO). It is mandatory that new employees for all other positions available should be experienced and they should have the skill set required for the specific job. 5. 1. 2. Existing employees: Major portion of job positions in HBM Pharmaceuticals is sales oriented. If the employee at certain level is not fulfilling his/her responsibilities according to the job description then he/she will be offered a training session by his/her immediate officer. In that meeting, problem should be discussed with the targeted employee and try to identify the potential solution for that problem. If the officer recommends then the employee should be sent on training. Training can also be offered in such a case if the existing employee is promoted from one position to other position and the management perceives that training is needed to enhance the skill set and abilities of the employee. 5. 2. Determining training needs: 5. 2. 1. SPO: The job of Sales Promotion Officer is very critical for the organization. Newly hired SPO should be offered 1 month training: to enhance his/her subjective knowledge about the products; to increase communication skills; and to develop the interpersonal skills to work as a team. Existing SPO’s have to fulfill their targets. If any SPO is unable to fulfill his/her target then RSM/ZSM will discuss the matter with him/her at weekly meeting. RSM/ZSM will try to identify and solve the problem. If the SPO can not improve his/her performance after the counseling session then RSM/ZSM can recommend a training session for the particular employee. 5. 2. 2. Office staff: Training will be offered to office staff if working pattern has changed in the organization. For example: by implementing new technology equipment, or the addition of new process in the job description of office staff. 5. 2. 3. RSM/ZSM: These are experienced staff. Their responsibilities are also high because it is their duty to manage a group of subordinates. Managerial level skills are required for that job. If the employee at this position has some problem regarding his/her attitude or leading a team then Director Sales can recommend a training session to enhance their interpersonal skills as well as their leadership skills. 5. 2. 4. The CEO and Director Sales: HBM Pharmaceuticals is a partnership concern and it is owned by two persons: one is CEO and other is Director Sales. So, training is the personal discretion of these two individuals. If they think that through training, they can manage their business more effectively then they can go for a training session. 5. 3. Training Methods: There are several methods which can be used by the management to train their employees according to their needs and the job position. 5. 3. 1. SPO: For new joining SPO’s, it is most appropriate to use â€Å"classroom lectures† to train them because this is the method used to increase their subjective skills. It will also helpful for them to enhance their communication skills. For existing SPO’s to increase their productivity, RSM/ZSM should meet them personally and give them personal support. Due to this meeting, the problem will be solved and along with benefit, SPO’s morale will be increased. 5. 3. 2. RSM/ZSM: Classroom lectures as well as On-the-Job Training Methods are used to train RSM/ZSM. Director Sales will recommend the most appropriate method according to the situation and problem. 5. 4. Employee Development: Employee development focuses more on the employee’s personal growth. Successful employees prepared for positions of greater responsibility have analytical, human, conceptual and specialized skills. 5. 4. 1. Employee Development Methods: There are several methods which are used to develop managerial and non-managerial staff. Appropriate method selection will depends on situation. 5. 4. 2. Developing Office Staff: Job Rotation is the appropriate and recommended method to develop office staff. The concerned authority can choose horizontal or vertical Job Rotation to develop office staff according to the skill set of the staff. 5. 4. 3. Developing SPO to Senior SPO: Job Rotation is a good method to develop the abilities of SPO so that he/she can become Senior SPO. Vertical Job Rotation can be selected for this situation. 5. 4. 4. Developing Senior SPO to RSM: RSM is quite big position for senior SPO. So it is recommended that â€Å"Assistant-to-Position method† should be used to develop senior SPO to RSM. Senior SPO will work as an assistant to RSM to get in depth knowledge of the responsibilities of RSM and he/she can develop himself/herself in a better way according to the new responsibilities. 5. 4. 5. Developing RSM to ZSM: RSM and ZSM both are managerial positions and the position holders are experienced professionals. The only difference is the level of responsibility. ZSM is responsible for the sales of whole zone which is a quite big responsibility. Therefore, it is recommended that â€Å"Assistant-to-Position Method† and â€Å"Lecture courses and Seminars† are used to enhance the decision making skills of RSM and to improve more team management skills. 5. 4. 6. Developing ZSM to Director Sales: In the current organization settings, ZSM can only become Director if he/she became the partner of HBM Pharmaceuticals. It is recommended that the position of Director Sales should not be fixed for Partners and ZSM should be developed to this position on the base of his/her performance. 6. Performance Appraisals: Performance appraisals must convey to employees how well they have performed on established goals. It’s also desirable to have these goals and performance measures mutually set between the employee and the supervisor. 6. 1. Appraisal Methods: There are several methods which are used by management to evaluate employee performance. According to the nature of business of HBM Pharmaceuticals, we are recommending a method called â€Å"Using Achieved Outcomes to Evaluate Employees† or â€Å"Management by Objectives (MBO)†. 6. 1. 1. Management by Objectives (MBO): Four ingredients are common to MBO program: 6. 1. 1. 1. Goal specificity: The objectives in MBO should be concise statements of expected accomplishments. Tangible objectives should be expressed in the statements. 6. 1. 1. 2. Participative Decision Making: Participative decision making should be used by manager and employees, in setting objectives and agrees on how they will be achieved. As the interests of managers and employees are directly linked with stretched objectives and achievement of these objectives then they will definitely put their maximum effort to achieve those objectives. 6. 1. 1. 3. An explicit time period: Each objective has a concise time, too, in which it is to be completed. In our situation, it is 1 month. 6. 1. 1. 4. Performance Feedback: Continuous feedback on performance and goals are recommended. Twice a week meeting should be conducted by ZSM to get performance feedback and to discuss the routine matters with the field staff and to countercheck the performance whether the sales are meting the monthly goal plan. 6. 2. Performance Evaluation Standards and Appraisals: There are different performance evaluation standards for different positions: 6. 2. 1. Office Staff: If the office staff performs their responsibilities according to their Job Description then their salary will be increased by Rs. 500 quarterly. If the employee performance is excellent from consecutive 3 months then a special pay raise can be offered by the Director Sales. 6. 2. 2. SPO: Each SPO has some sales targets given by RSM/ZSM. It is his/her responsibility to fulfill those targets. Performance Appraisal meetings should be conducted at the end of each quarter. Upon the achievement of 80% targets for consecutive 4 months: 30% basic pay rise. Upon the achievement of 80% targets for consecutive 3 months: 20% basic pay rise. 6. 2. 3. RSM/ZSM: Upon the achievement of 80% targets for consecutive 4 months: 30% basic pay rise.

Communication for organizations Essay

The Internet was introduced to the world not too long ago. However, since it’s introduction, it has since grown at an amazing rate. People now source the Internet for information, research, and recently, even shopping. Faster modem speeds have caused more people to rely on the Internet as information can be found at an amazing speed. In today’s business world, it has now become essential for a company to have Internet access. There are very few businesses today that do not have their own websites and e-mail address from which the public can contact them. Below is an analysis of how the Internet has changed communications for organisations. In the past, communications within organisations were mostly done either by the word of mouth or by writing memos. By word of mouth, when people wanted to communicate with a person within the office, he had to either go to the desk to tell the respective person the message or do it through the phone. However, one problem with this is that the message might get distorted when passing from one person to another. Furthermore, when passing a message by word of mouth, there is no written evidence of what was said. As such, it would be very difficult to track the agreements made within the 2 parties later on. Another way people used to communicate within organisations without the Internet were by passing memos. They would simply write a memo with their intended message to their colleague and leave it on the person’s desk or in-tray. However, these memos give a person excessive paperwork and very often, the person’s desk will be filled up with memos. As a result of this, these memos very often get lost and thus lose its credibility. Companies also had a hard time communicating with people outside their office organisation, especially with overseas branches. One of the ways includes using the method known as â€Å"snail† mail today. They would send their letters over to their counterparts overseas via mail. Not only did this include a very high cost, this was often a very slow way of communication. A mail would take a minimum of 3 days before it would reach its recipient This is a very time consuming way of communication and could cost a company a lot of money in this fast moving business world. Should a company need to send documents out immediately, one of the ways they could do it was via fax. This method, though faster than mail, was still very slow. Fax quality is also not known to be of high. The cost incurred by faxing was also very high. A fax to an overseas country was calculated as the same rate as an overseas call. There is also no evidence that the document has been faxed over and conflicts may occur. Basically, communications for organisations without Internet was usually too slow or limited in terms of capacity of information that could be sent over. High costs for postage or faxing were also incurred in these ways. Since the introduction of the Internet, communications within organisations is now made easier. The Internet has provided us with E-mails, chat rooms, as well as Internet-to-handphone communications. Furthermore, these programs also provide official records of agreements and conversational exchanges. E-mails and chat transcripts are recognized by the civil court, thus adding validity and trust to the communication process. E-mails are almost instantaneous, ensuring no waste of time in the communication process. An e-mail that was sent in Singapore today can be received in another country across the world within seconds. With today’s fast moving business world, speed in communication is essential and there is a need for real-time information. The E-mail provides a very good solution to this problem. The Internet also provides us with chat programs such as MSN Messenger, ICO and AOL. These programs allow 2 users who are countries apart to communicate to each other instantaneously. They would be able to know how negotiations across the world are going on and thus be able to make the necessary decisions. Furthermore, these programs also allow multi-user chat. This enables many people, all in different countries, to form a discussion and to trade information. These programs also have the function of adding a web camera and mike. As such, it would be just like a videoconference. However, the best point of all this is that companies incurs little cost for this.  These programs are easily downloaded from the Internet and all the company has to pay for is the net time that they use. The Internet also allows file transfers between 2 people. As such, Word documents, Excel spreadsheets and Access databases can be e-mailed from one person to another. This would help a company who is spread across different countries. Company branches around the world could transfer files over to the headquarters who can compile them and access their businesses around the world. The Internet has also made communications between the company and the public a lot easier. Most organisations already have their own website that provides more information to the public about their goods and services. They would provide information on the goods/services that they are selling with probably a description and price. The public could then research the company up on their own instead of calling up the company to find out this information. Usually, they would also provide, on their website, a list of frequently asked questions (FAQ) about their company to answer the public’s queries. Most organisations now also have E-mails with which the public can reach them. All these would save them the manpower required to answer phone calls and channel it to better uses. In general, without the use of the Internet, most of the communication was done either verbally or using â€Å"hard-copy† means. As mentioned before, a verbal means of communication lacked written â€Å"black-and-white† evidence of the conversation and a lot is relied on the integrity of the people involved. Hard copy means were also not a very good means of communications, as it would cause excessive paperwork. Furthermore, once the hard copy documents are either lost or destroyed accidentally, it would be impossible to trace it back. The Internet has brought with it an ability to transfer documents via soft copy, enabling the recipient to make any necessary amendments to the documents. The Internet also allows companies to communicate better with its customers and the public. It enables customers to communicate with the company without having to personally go to the company’s location. The Internet has brought about many changes in the way communications are made within organisations. It has made communication more efficient and has also brought down the cost of communications for companies. It is no wonder that more and more companies are looking to the Internet to solve their communication problems.

Mangement and Leadership

Management and Leadership Cortnie Edwards MGT/330 December 19, 2011 Alecia Cummings Management and Leadership Habitat for Humanity was founded in 1976 by Millard and Linda Fuller. The couple had a dream of following their Christian lifestyle and helping others in need. They wanted to help families living in poverty and build new homes. The idea was they would build housed with no profit and charge no interest. â€Å"The concept that grew into Habitat for Humanity International was born at Koinonia Farm, a small, interracial, Christian farming community founded in 1942 outside of Americus, Ga. , by farmer and biblical scholar Clarence Jordan.Building would be financed by a revolving Fund for Humanity. The fund's money would come from the new homeowners' house payments, donations and no-interest loans provided by supporters and money earned by fund-raising activities. The monies in the Fund for Humanity would be used to build more houses† (â€Å"Thrivent Builds With Habitat For Humanity â€Å",  2011). The organization took off with unbelievable results. The Fullers took their organization internationally and have now since built over 400,000 homes. Leading and managing an organization such as Habitat for Humanity involves a multitude of diverse ideas, visions, and people. What is the difference between management and leadership? It is a question that has been asked more than once and also answered in different ways. The biggest difference between managers and leaders is the way they motivate the people who work or follow them, and this sets the tone for most other aspects of what they do† (â€Å"Leadership Vs. Management†,  2002-2011). Habitat for Humanity starts with the board of directors. Habitat for Humanity International board members oversee the direction of Habitat’s activities worldwide as the organization works to eradicate substandard housing.Directors are elected to two-year terms that may be renewed four times. They r eceive no compensation for their voluntary service. The board of directors is responsible for affiliate policies and procedures, program development, financial stewardship, supervision of volunteer staff, fundraising, public relations, and legal matters. There are global directors that â€Å"represent the Asia-Pacific region in the global Habitat communications team in the creation and implementation of worldwide brand building, marketing and advocacy initiatives and campaigns.This includes devising Asia-Pacific roll-out strategies; liaising and sharing with peers in other Habitat regions; and coordinating and collaborating with the HQ communications team on global strategies and initiatives† (â€Å"Alertnet†,  2011). The organization is made up mostly of volunteers and describes different levels among the organization as committees. The development, site selection, and public relations committees are just a few of the different leadership levels Habitat for Humanity has. The development committee is responsible for raising funds and for introducing people to our work.This committee is also responsible for special events and outreach to businesses. The site selection committee works with town officials and developers to identifying and evaluating potential sites for new Habitat homes. This committee is always looking for new members with insight into the local real estate market and the inner workings of town government. The public relations committee is responsible for raising awareness of Habitat for Humanity in our service area. Responsibilities include media relations and publishing a quarterly newsletter.In a non-profit organization there is often very little direction offered to volunteers, leaving them with many decisions to be made on their own. There is a lot of focus on the bigger picture, which in this case is to provide as many families as possible with shelter. However, the steps to achieving the overall goals or mission are not as clearly defined as would be in a profit-seeking company. According to the McKinsey Capacity Assessment Grid, Habitat for Humanity exemplifies effective governance.This offers a competitive advantage because the managers’ decisions are aligned with the stakeholders’ interests since the managers may very well be shareholders themselves. The managers definitely devote their time and energy to improve the financial position of the organization so that it can offer assistance to those that require it the most. Habitat for Humanity is such a large organization; it is broken up into chapters, representing different regions of the world. Each chapter consists of different levels of leaders. At the top of the chain is the President. The President is esponsible for setting and distributing agendas for meetings, setting and distributing calendars of events, maintaining a working relationship with the local affiliate, coordinating an open communication with the Office of Student Activities, and keeping chapter focused on its goals. The vice president follows. His responsibilities consist of serving as project manager of chapter build, serving as chapter chaplain, keeping an open communication with the Construction and Horticulture Club, and overseeing family liaison, volunteer coordinator, superintendents, and tools management.Family liaison pursues a relationship with the family that they are building for. They also keep all other members informed of the family's needs. Brainstorms ideas for gifts to family, plans family gatherings, and makes scrapbooks for the family. Volunteer Coordinators are responsible for keeping track of the number of volunteers designated for the build days. Tools management maintains volunteers on the work site through a sign in/out sheet. They may also assign designated tools to each volunteer as needed through sign in/out sheet.Superintendents maintain a close relationship with the VP during the build day. They will often be one of the most experienced on site and will help the Project Manager decide how to go about construction. They may also help educate and designate groups through construction. â€Å"The ability to implement strategies in an organization is one of the most skillful managerial requirements and knowledge that we need in critical aspects to run an organization† (â€Å"Strategies That Organizational Managers and Leaders Can Use to Create and Maintain a Healthy â€Å",  2011). Leaders and managers in an organization can use some factors to create a healthy organizational culture, such factors are social factors, physical setting, technology, organizing arrangements and individual behavior. Leaders and managers are required to have increased resources, perceptive knowledge, and superior talent and enhanced capabilities to continue facilitating processes toward attaining the ultimate objectives, discovering and commercializing safety of the organization.These multiple activities re quire managers and leaders who have the significant of strategies implementation and core competencies and organizational capabilities that create values to changes of the organization† (â€Å"Strategies That Organizational Managers And Leaders Can Use To Create And Maintain A Healthy†,  2011). A strategy is something an organization uses to help it reach its vision and mission. Habitat for Humanity’s global strategy, asks what markets it should be operating in. As a resource based organization, however, this question is less important.The organization is not looking for opportunities to enter new industries and therefore develop new competencies. Rather, it is looking for ways to use its internal strengths and competencies in the market place. Habitat has chosen a global strategy that has them participating only in one type of non-profit industry – mainly the zero-interest mortgage and home building market. If they were to diversify into other non-profi t markets such as non-perishable foods for example, the organization’s few resources may become too spread out and its core competencies would be stretched rendering all activities less effective.If there was a business-level strategy category for Habitat for Humanity, it would definitely have to be one of cost leadership. The land, supplies, and labor are all acquired at low cost or free of charge. This strategy requires a centralized functional structure so that there can be higher rates of efficiency and better methods of meeting the objectives determined. Habitat incorporates this strategy through and through although its focus is on increasing efficiency so that more families can be helped – not to increase profits.Adapting to different cultures, religions, languages, and people are just a few obstacles volunteers face when working with the globalization within Habitat for Humanity. Globalization makes a huge impact on volunteers. The United Nations has designated the first Monday in October as annual World Habitat Day. According to Habitat International, World Habitat Day’s purpose is to call attention to the current global state of the human habitat and push toward adequate housing for all. By raising awareness and advocating for universal decent housing the systems that reinforce and entrench poverty housing can be altered and even changed.Habitat builds dignity through providing a shelter bringing a family closer together, it builds relationships throughout the world, and it builds community. Habitat for Humanity does all of this through globalization. They are helping people all over the world helping people become part of the globalization. Sustainability and Green building are two ways that Habitat is addressing globalization issues. Based on the research I have done on this organization, I found that there are a couple of strategies the organization an use to help obtain more volunteers and build credibility. The first option is partnering up with more trade schools. Students would be able to obtain hands-on experience and at the same time have the opportunity to add valuable volunteer hours to their resume. It would build a lifelong relationship with the institutions in addition to securing help and perhaps setting the tone for students to keep volunteering after graduation. The second strategy would be to obtain a Better Business Bureau Charity Seal to gain credibility.Obtaining a Better Business Bureau Charity Seal would allow Habitat for Humanity to gain credibility in addition to getting more recognition. A lot of community members look to the Better Business Bureau when making decisions as to which businesses to get involved with or which charities to donate to. There may be people that have not heard of Habitat for Humanity but may learn about the organization through the BBB Website. Joining forces with and obtaining recognition from organizations such as the Better Business Bureau could benefit Habitat for Humanity by providing them with the opportunity to acquire even more volunteers.As with any company or organization, there are always opportunities and risks involved. Making the best decisions for the families that are in need is the only way for Habitat to continue with their success. Strong leadership and management will continue to help the organization prosper. Many of the leaders of Habitat had to overcome their own struggles to get where they are today driving them to make the issue of poverty so much more of a priority. Skill, hard work, and their belief in living out God’s word have built this organization to where it is today.References Thrivent Builds with Habitat for Humanity. (2011). Retrieved from http://www. thriventbuilds. com/partnership/habitat/history. html Leadership vs. Management. (2002-2011). Retrieved from http://changingminds. org/disciplines/leadership/articles/manager_leader. htm Alertnet. (2011). Retrieved from http://www. trust. org/al ertnet/jobs/2011-08-26-1458/ http://www. articleclick. com/Article/Strategies-That-Organizational-Managers-and-Leaders-Can-Use-to-Create-and-Maintain-a-Healthy/997166

Resourcing Rewarding and Training System Essay Example | Topics and Well Written Essays - 1500 words

Resourcing Rewarding and Training System - Essay Example As the main activity requires limited skills, no training apart from the basic induction programme is imparted to the workers. Even the supervisors, who supervise the production process, are drawn from the production staff having longer period of service without any interview or specific management training process. More importantly as the management follows an autocratic style of leadership with a well defined hierarchy, communication and coordination mechanisms are seriously hampered. The unions are not allowed to participate in the decision making process. The reward system is also not properly structured which has led to serious problems of turnover. The minimum wage rate is provided after twelve years of service in the organization after which the employees receive a 5% increment which is lower than other local employers. As a Personnel Manager, I would focus on the resourcing, training and rewarding structure of the organization. Resourcing means to provide a person or an organ ization with materials, staffs, money and other assets that are necessary for the effective operation in any organization are the right resource in terms of quality, the right cost, the right risk, the right time in terms of speed. But above all I would focus on â€Å"People resourcing†.... d and dissipated, poor performers are sidelined and ignored, promoted or dismissed without any attempt to resolve the problems and the performance review system often fail to generate significant benefits for both the organization as well as the employees. People resourcing is concentrated on minor incremental efficiency or system changes or on the ethical, legalistic and procedural dimensions of resourcing instead of on the added value dimension which provides further scope for improvement. People resourcing should be based on the tools and techniques that are able to assess the potential employees, determine their suitability for specific organizational work and evaluate their effectiveness. Therefore people resourcing are the acquisition, development, effective utilization and retention of the people that the organization needs. It is the basis for workforce planning activities. All the human resource plans are implemented by means of the key resourcing activities of recruitment, selection, talent management and retention planning. The effectiveness with which human resources are used involves control mechanisms for absenteeism and providing for flexibility. People resourcing are a long term plan. It aims at achieving competitive advantage by attracting, employing and retaining more competent people than its rival. The aim of people resourcing is also to become â€Å"an employer of choice†, an organization that people want to work with and stay with. It also creates employee value proposition which consists of what the organization has to offer for existing and prospective employees that would help to persuade them to join or remain in the organization. It also involves offering pay and benefits that are important and can be over emphasized compared to other

Analysis of a Work of Art Essay Example | Topics and Well Written Essays - 500 words

Analysis of a Work of Art - Essay Example Upon careful analysis, one can understand the techniques used by the artist as well as understand the subject matter that he tried to depict. The paintings were bought off by the museum at an auction, which sold the various components of art that existed within the villa since the late 1900. The villa was thought to be owned by Publius Fannius Synistor and Lucius Herennius Florus, however, there is no clue as to who was the first owner and who it was that commissioned the paintings (JSTOR 17). This work of art belongs to the Late Republican Roman period, somewhere between 50-40 BC (The Metropolitan Museum of Art 1). The work of art reveals a quite impressive garland made out of fruits and leaves, which has been suspended from a â€Å"brilliant wall of simulated masonry† (1). The garland has a sacrificial bull’s head, that is, the bucrania, from which a red thread hangs tied to a wicker basket that contains ivy leaves and out of which a snake is uncoiling (1). The Metropolitan Museum of Art. "Works of Art: Heilbrunn Timeline of Art History."  The Metropolitan Museum of Art. N.p.,  2014. Web. 19  July  2014.

Change Management process Coursework Example | Topics and Well Written Essays - 2250 words

Change Management process - Coursework Example In addition accept changes in the current business environment and embracing the desired change. Organizational change is a planned approach for ensuring smooth transition and successfully implementation of change (Hayes 150). The business needs to keep changing to remain relevant in the industry. Changes in the organization are brought about by internal and external factors of the business. According to Jabri (20) internal drivers to change in any business include: To compete effectively, it is mandatory at times for businesses to change their strategies. Adjustment in business strategies is in response to external environments. These adjustments may involve changing some fundamental approaches by the business like the target market. Structural changes in the business may involve changing the hierarchy of authority. These changes are influence by internal and external factors. All changes in the management of the business are structural. Structural changes may involve change in management or change in simple polices in the organization. The business may be forced to reengineer its processes to optimize on productivity. The introduction of the machine in the business is one way of changing the process. This internal driver influences only organization’s with production processes. SolarTech Ltd. is influenced by this type of driver. Restructuring of the organization is crucial to benefit from new technologies. The main goal for any organization is minimizing costs and maximizing revenue. According to Treat (160), technology helps maximizing output while minimizing inputs. With that in mind the organization changes its structure for the new technologies to save labour costs. The introduction of the new machine is due to this driver to change. This is a modern internal driver to change. The tradition notion of ‘going to work’ has changed drastically in many organizations. A recent survey has shown

Comparison of Religious Writings and Practices Term Paper

Comparison of Religious Writings and Practices - Term Paper Example A comparative study of religious literature and religion itself might just be more beneficial to people towards pleasing God (Taylor 23-98). This paper takes a keen look at the resemblances found between Sumerian Epic of Gilgamesh, the Codes of Hammurabi, the doctrines of the Koran and the doctrines of the Old and New Testament with a view on establishing how they could have evolved from one ancient common cultural memory. The confrontation of races considered alien and diverse did not always turn out the causes of war, but it occurred that this was often the opportunity and condition for psychical conflict that is even still being experienced today (Peters 92). The origin of the Old Testament could be considered as a natural development that resulted out of the Babylonian religion (Rogers 107). This could be seen from the examination of certain religious practices and concepts such as the world’s origin, the fall of man, the flood, and life after death, demons, the devil, angels, the Sabbath, sacrificial cult, priesthood, names and worship of God, and the monotheistic notion of deity. The concept of deity is fundamental to all religious writings and thinking (International Bible Society). The Sumerians descended from Ham, according to the records in Genesis 10:6-10, Nimrod led the Sumerians in Shinar. These represent a group of Cushitic people that moved south of Egypt and were black in complexion (Sayce 276-277). In Sumerian stories of as depicted in the Epic of Gilgamesh, creation is said to be the origin of man and this is the same belief that the Old Testament, Genesis presents. To Sumerians, Dilmun is paradise and seen as the place where the sun does rise and is the land of their living this place appears vividly as the scene of the creation stories told in Sumerian religious myths. The hero of flood is also mentioned who is Ziusudra or Utnapishtim that the gods took to make him live forever. Utnapishtim happens to be Noah who is the center of man’s salvage from the floods in the OT. This Utnapishtim is celebrated in Sumerian poems as a very wise king and priest at the same time leading the people of Shurrupak and is the son of Ubara-Tutu or he Who Saw Lif e and appears as the protege of god Ea that by his grace does survive the flood together with the wife and the seed of all living creatures. The revelations made to Babylonian Noah by God in the OT are evident here in that Ea is friendly to mankind and does reveal to him Enlil’s design that was meant to destroy mankind from the face of the earth. There is also a multiplicity of gods. We also have a king list which tells the length of reign for each king just as it is the case with the OT, although the Epic of Gilgamesh does not give clear chronology as is seen in the OT because of the father age revelations in OT. The chief god of these Sumerian people happens to be Bel and this is the cognate of Baal mentioned in the OT for the Canaanite people. It is interesting to note that Gilgamesh is a true depiction of Nimrod mentioned in the Old Testament (Delitzsch 65). The idea of Queen of Heaven is presented in the Gilgamesh Epic and the same idea is in Mesopotamian pagan religion and even in Jeremiah 7:18, the Jews are seen to imitate it and this annoys God. Even in catholic worship, Mary is seen as the Queen of Heaven. Tower of babel is also eminent. An interesting

The Ddoctrine of Judicial Precedent depends on the Hierarchy of the Essay

The Ddoctrine of Judicial Precedent depends on the Hierarchy of the Courts - Essay Example In case similar cases emerge in the prospect, similar rules or rationale is utilized in conveying justice through legal decisions. The doctrine finds basis on stare decisis meaning that considering previous decision made on similar cases. A decision made at some point in law is considered applicable to cases that bear similar facts. For the doctrine to function in an effective manner, it is necessitated that point of law within certain cases is established. During conveyance of justice, the judge ought to offer the rationale under which he or she provides certain judgment and not another. The doctrine presents general rule where all courts are required to follow the same rationale in delivering decisions that were developed in courts that bear higher ranks (Mitchell & Dadhania 2003, 61). The doctrine is reliant on the chain of command of the court system, previous case records and the attitude or approaches that the judges utilize. The hierarchy of the court system in the English con text offers a better comprehension of precedent doctrine. The courts are organized, in terms of their capabilities or power, to command. The hierarchical structure bears five divisions under which the precedent is applied. These divisions offer judgments in relation to the cases carried out in previously from a superior court. The precedents that transpire in higher courts are considered applicable to lower and middle courts without any doubt. Therefore, decisions undertaken can be carried out without further probe into the cases, as long as the material facts and other facts are almost similar to another case undertaken in the past (Mitchell & Dadhania 2003, 62). The doctrine is reliant on the hierarchy that the court system presents in all its operations. Every court bears a given standing in relation to certain cases with respect to other courts thus affecting the provision of decisions on certain cases. These hierarchical systems ought to be considered in making decisions that i nvolve the precedent doctrine. The lower courts can comfortably apply decisions presented by the highest ranked courts. Similarly, decisions that emanate from House of Lords are applicable to the rest of the courts within the legal arrangement with the exemption of the House of Lords (Kennedy 1994, 1). Therefore, its decisions find appliances to all systems of legal arrangements but the decisions made by the house cannot be applied to cases that concern it. Supreme Court is considered top in the rank with regard to the legal arrangement prevalent in English Law. Previously, the Supreme Court functioned as the House of Lords although this was changed in 2009 (OUP 2011, 11). However, the powers were never altered meaning that only the name changed. The Supreme Court comprises of 12 justices with fives of these being independent of any previous precedents. That is they are not bound to pursue decisions made in any previous cases. In addition, their judgments are applicable to the rest of courts that lie below them. In practicality, justices in this legal level are likely to follow their decisions that they had previous offered in similar cases. In order for them to change their personal judgments, a vivid reason ought to crop up. Additionally, these justices preside over judgments from Commonwealth nations. Under such circumstance, the justices are considered as the Privy Council (OUP 2011, 11). In principle, the decisions developed by the Privy Council find no application in

Autocallable Structured Notes - involving the knowledge of exotic Essay

Autocallable Structured Notes - involving the knowledge of exotic options and portfolio replicating skills - Essay Example With reference to the term sheet, the issued autocallable structured notes however are principal protected which is a significant deviation in the structure of the security since it was originally issued. One issue which is more prominent since the launch of this type of security is its pricing. Pricing models have now proposed a new approach to the pricing of autocallable structured note by incorporating stochastic volatility by taking on the correlation between the interest and equity. Due to the high return offered by these structured notes owing to their inherent structure as they tend to increase in value when markets go down as well as when markets are rising. The reason for the issuance of these investment securities during Oct/November 2007 was because of the fact that due to credit crunch in the financial sector at International Level and resulting volatility in the equity markets resulted in creating opportunities for the investors to engineer instruments which provide a confirmed high return coupled with principal protection. This fact can also be corroborated in the sense that the overall credit crunch in western financial institutions resulted in upward surge in the interest rates hence necessitating a raise in the required rate of return by the investors in the equity markets also. Since these structured notes are structured in a way that they either go in tandem with some benchmarking rates like LIBOR thus any fluctuation in benchmarking rates also pu sh the returns on these instruments in more favorable position for the investors. Apart from that autocallables are considered as yield enhancement strategies. Trading units and size of the issue do not seem to be having any implications on the risk return profile of the investor however it must also be noted that the underlying currency of the asset may have some implications on the value since any changes in the interest rates will have impact on the exchange rates and this may

Leadership from the Organisational Behaviour area of study Essay

Leadership from the Organisational Behaviour area of study - Essay Example Over the decades, numerous theories on the subject of organizational leadership have been suggested and deliberated over. These include, but are not limited to, Transactional Leadership, Trait Theory, Behavioural Theories, which constitute The Managerial Grid and Theory X and Theory Y, Situational Leadership, Participative Leadership, which comprises the infamous Lewin’s leadership styles, Contingency Theory, and Transformational Leadership (Time-Life Books 1994, p.453). Trait or Great Man theory places a leader at a different level in terms of thinking, dreams, ambitions and general intelligence as compared to the normal person. The major assumptions made in this theory include; some habits are specifically suited for leadership, individuals who make the best leaders have the perfect blend of leadership traits and the individuals inherently acquire those traits. Extensive research into successful leaders has been carried out in an attempt to discover some of these traits and if when applied to other individuals, they may also make good leaders. Some of these behaviours include intelligence, assertiveness, decisiveness, innovativeness, flexibility, conceptually skilled, team player, diplomacy, sensitivity to the social environment, dreamer, reliable, good orator, charismatic, dominance, persuasiveness and persistence (Burns 1978, p.654). Behavioural theories assume that leaders are not born, but made and that the best leadership is based on principles that can be practiced over time. These theories approach is not to focus on the inherent characteristics of an individual, but rather those habits that they have picked up over the years that have shaped and nurtured their leadership skills. There are two types of behaviour under this theory that each leader possess as a result of training. These include general concern

Asian American Women Essay Example for Free

Asian American Women Essay Dr. Eliza Noh from the California State University-Fullerton has spent much of her professional life studying depression and suicide among Asian-American women. She was inspired to do so and was triggered by her sister’s suicide incident in 1990. In one of her findings, she mentioned about the culturalist biases in psychology. This explained the tendency to expound on Asian-American psychology in culturalist terms (Confucianism and Acculturation model,) static and the dualistic portrayals of Asian American culture vs western culture (Traditional vs. Modern. ) She also explained the roles of race and gender issues that were experienced by many Asian American women. This included the role of orientalism and the stereotype of the â€Å"perpetual foreigner,† including the racial and gender dynamics in perpetuating cultural hegemonies, and the impact of racism and sexism. As described in the presentation, Asian Americans are often expected to be smart in math and science. Other educational expectations are also set because of their race and ethnicities. For most Asian Americans, suicide survivors had developed diverse healing strategies that challenged liberal approaches to recovery; there is this unfeasibility of recovery itself. One thing that was found helping Asian American women that reduced suicide commitments was writing. It also empowered these women to give themselves another chance in life. My thoughts on this presentation were normal, for I was Asian myself. It is a fact that Asian Americans often carry high expectation from parents, friends, or even from their own self-esteem. I personally experienced that something was inappropriate with regards to my academic ranking in junior high school. My academic stance in school was not as high as the expectations set by my parents that led me to believe that I was not love and that I was a useless child. I even thought about leaving home and just be part of the homeless. But my friends encouraged me to look forward and forget about the limitations at home, and enjoy my life the way I wanted. After all, I enjoyed my junior high with tons of fun and excitements; surprisingly I had also reached the expectations that were for myself improvement. Learning from this class and from Dr. Eliza Noh’s presentation gave me an insight of the many expectations set for women in all the cultural perspectives. This includes not only the bodily image that the public and media are looking for, but also the pressure from family and peers in pursuing educational goals. A failure in the accomplishment of goals normally results in many uncomfortable scenarios, and may even lead to suicide.

Individual Assignment and Chart Essay Example for Free

Individual Assignment and Chart Essay Curriculum history is important to educators just as the general history of a country is important to historians and politicians. Much can be learned from the successes and the failures of the past. Traditional education in Japan follows societal norms in stressing respect for order and for group goals. The schools stress self-evaluation, hard work, and organization. Schools actively teach morals and values in order to develop individuals of character that will function in society as educated and moral. Japanese formal education in began with adherence to Buddhism and Confucianism. Later, studies in sciences were added, and Japan slowly began to adopt more western styles of education. Briefly, the schools were used as military and nationalistic training grounds during WWI and WWII (Hood, 2001). Over the last fifty years, schools in Japan have been evolving further. After WWII, a call to return to leadership and societal welfare in education was initiated. Schools were strictly centered around community goals and common curriculums. In the 1980s, unfortunately, an increase in youth violence began to worry Japanese citizens about their future. Focus turned to the morals based education of centuries before. In the late 1990s, the cold war era was over. The Ministry felt as if they could relax the six day long weeks and long days (Japan, 2006). Part of this change in philosophy could be due to changes in competition for universities. Previously, competition for admission into Japanese universities was cutthroat, but now, with a reduction in the number of children being born, schools are competing for students (Hood, 2001). In a way, this has given students more power to seek the types of education they most need. In addition, Japan is also loosening its governmental hold on curriculum and allowing from more flexibility in curriculum through site-based decision-making (Komatsu, 2002). Schools are now able to select textbooks from a group of sources. Recently, controversy has arisen as to which history textbooks to choose. In 1997, a group was formed to create and market a revision of Japanese history for incorporation into school history textbooks. This group was primarily interested in revising the presentation of Japan’s execution of militaristic procedures. Unfortunately, even with its widespread promotion efforts, the revised textbook failed to gain a foothold in Japanese schools. Only a few private schools in one small area of Tokyo was willing to give the book a chance (Masalksi, 2002). Not all things in Japan’s educational system are open to change. Before, Japanese teachers had very little autonomy in determining what they would teach even though they held positions of high respect in the community. Now, individual schools and teachers will be able to decide on curriculum issues that best meet the needs of their students. â€Å"The general principle of curriculum organisation is changing from the idea of providing a common education for all children to one of providing different education for various children† (Komatsu, 2002, p. 53). The 2002 Rainbow Plan mirrors the change in philosophy towards more democratic ideals. The government is continuing to relinquish more control to the schools’ local administrations (Japan, 2006). In the future, Japanese education will continue to follow Western trends. One such trend will be in technology and information. While Japan is a world leader in electronics technology, its individual and student use of the internet lags behind. This is primarily because 80% of the internet content is in English. As a result, Japanese students need to be learning both spoken and written English and how to use the internet at younger ages (McCarty, 2000). Clearly, Japanese education will begin to include more intensive English and computer technology classes in early education for its students. Another trend in Japanese education must certainly be increased funding for higher education. Even though the number of teenagers in Japan is lower, over 40 % of them do attend universities. However, government funding for universities is low. Dr. Akito Arima, former Minister of Education, notes that while the United States spends about one percent of its Gross Domestic Product (GDP) on educational funding, Japan spends less than half of one percent in the same manner. However, Japan is second only to the United States in the number of students who attend college. The funding for private universities is even lower, even though 75% of college students attend private universities. â€Å"In this respect, one should note the contradiction between the high proportion of people who move on to higher education, and the low public expenditure ratio. This demonstrates that university education in Japan is seriously under-funded† (Arima, 2002). If college education remains under-funded, many secondary students may turn away from it, thinking that it has less to offer than before. If birth rates should rise in the future, this burden will become more pronounced. Funding will definitely have to be initiated in order to keep young students setting college educations as their goal. Ironically, the US and Japan seem to be crossing each other in the middle of the curriculum spectrum. While Japan is recognizing the individuality of each student and allowing him to seek his own educational goals with flexible programs of study, the US is getting much more rigid with the enactment of NCLB and strict state testing plans and pacing guides. One might wonder if the US will notice a similar increase in youth discontent as a result.

History And Future Of Mahindra And Mahindra Limited Business Essay

History And Future Of Mahindra And Mahindra Limited Business Essay Mahindra and Mahindra limited is a part of the huge Mahindra group. Mahindra is a company, which has started before independence under K.C Mahindra and J.C Mahindra along with Malik Gulam Mohammed. In 1945 the company was called as Mahindra and Mohammed later after independence Malik Gulam Mohammed left the elite and he became the finance minister for Pakistan. After his exit the company changed its name into Mahindra and Mahindra (MM). In 1947, the company started its business from assembling jeeps and slowly moved on to making utility vehicles and agricultural tractors. With in no time MM as emerged as one of the leading brands in India. Today MM is a diversified group employing more that 65,000 people directly. MM has substantial presence in sectors like automobile, equipment for farms, financial services, automobile components, after-market, IT and infrastructure. MM is one of the Indias most respected and reputed business groups. Reputation Institute declared MM as one of the most reputed companies in the world. MM is also only one of the ten Indian companies to get featured in the prestigious Forbes magazine. Over the past few decades the company has grown in the international automotive segment.  MM has a strong presence in several countries across the world including Italy, Spain, Turkey, Australia, South Africa, Brazil, Chile and South Asia.   Few of the core values of the MM are Good Corporate Citizenship, Professionalism, Customer First, Quality Focus and Dignity Of The Individual. We dont have a group-wide mission statement. Our Core Purpose is what makes all of us want to get up and come to work in the morning Anand G. Mahindra. The core purpose of MM: Indians are second to none in the world. The Founders of our nation and of our Company passionately believed this. We will prove them right by believing in ourselves and by making Mahindra Mahindra Limited known worldwide for the quality of its products and services. Milestones achieved MM: 1945 2nd October 1945 Mahindra and Mohammed established. 1949 Jeep assembly started. 1956 Company shares were listed on Bombay Stock Exchange (BSE). 1969 MM started their venture into the world market by exporting utility vehicles and spare parts. 1975 MM developed diesel engine for over coming the fuel crisis. 1983 MM became the market leader in the Indian tractor market. 1986 established Tech Mahindra. 1994 Implemented BPR programs. 2000 MM adopted a new logo. 2002 Launched SUV Scorpio. 2004 Launched Mahindra World tractor in International Market. 2009 MM launched Xylo. 2010 MM acquired Ssangyong and a major share in electric car company Reva. Few factors that affect the business environments are: Social factors: Every business organisation operates within the norms of the society and exists primarily to satisfy its needs. Hence, a business organisation has an important position in social system. The social factors influence the policy and strategy of business; the organisation strives to satisfy the needs and wants of the society. There are many social factors that affect the policy and strategy of corporate management. Culture, value, tastes and preferences, social integration and disintegration, and so on must be a part of every business organisation. As observed by Keith Davis and Robert Blomstrom, business is a social institution performing a social mission and having a broad influence on the way people live and work together. Many companies that are hugely successful contribute a lot to the society. At MM corporate social responsibility is taken very seriously in 2009 MMs employees contributed 49,280 man-hours towards social programs. Mahindra and Mahindra contribute 1% of its profit after tax (PAT) for developing the society every year. MM considered education and training as powerful tools to address majority of Indian social challenges. Corporate Social Responsibility has always been an integral part of the vision of the Mahindra Group and the corner stone of our core value of good corporate citizenship Keshub Mahindra. In a way by helping the society, MM is enjoying the fruits of it, after all business is only a part of the society. I think because of MMs strong CSR activities it is wining the hearts of the people and not allowing any NGO to point fingers. Ecological Factors: Protection of the environment and preservation of ecological balance is the responsibility of every business organisation. Ecology deals with the study of the environment, biotic factors, abiotic factors, and their interactions with one another. A change in any biotic or a biotic factor causes ecological imbalance. Industrial activities, automobiles, emission of fumes or smoke and effluents, and so on, result in environmental degradation. MM is committed to the preservation of ecological balance. MM has turned 400 acres of barren land in to a park; MM had planted across 7000 trees near its factories to counterfeit the pollution. Environment is the key factor that no company tries to neglect. MM takes up lot of activities to help the environment. Its a fact that buildings consume 40 percent of the worlds energy; keeping this in mind MM started retrofitting their towers for Energy efficiency. The result was that they started consuming 10 percent less energy when compared with their previous consumptions. The retrofitting has affected an average savings of 36,185 kWh / month, the equivalent CO2  saved is 29.3 tonnes / month. As carbon-di-oxide is one of those gases that contribute to global warming MM decided to reduce the consumption of paper. Now MM uses different software to keep the use of paper as low as possible. MM took up an activity of refurbishing of water reservoir, which is now helping 4000 dwellers. Economic Factors: Economic factors, such as per capita income, national income, resource mobilisation, infrastructure development, capital formation, employment generation, and so on, influence the business environment. The economic performance of a company also determines its business environment. The economic factors helped MM to some extent to become successful, like getting cheap labourers etc. but MM had really worked very hard to over come the other things like formation of capital in not so strong economy, dealing with infrastructure problems etc. Government Policies: The government policies provide the basic environment for business. Industrial and licensing policies, trade policies, labour policies, export-import policies, foreign exchange policies, taxation policies etc pave the way for business environment. In brief the policies that were changed and their effect on MM. In between the period of 1947 to 1979 the government intervention was too much and indirectly the government was playing the major role. As MM was not a huge company at that time the government protected it. The policies gave an encouragement to the industry that in turn means encouragement to the company. The one disadvantage MM faced was due to licensing competition was curbed. In between period 1980 to 1990 the policies were a bit liberal and government less involved in companies activities. In this time frame competition slowly picked up which helped MM to be more efficient and effective. After 1991 government never played a direct role but played an indirect role. Due to liberalization MM started raising its standards and started simulating demand. Only after 1991 MM started exporting a lot and investing in RD a lot. The above snap shot shows how important are policies for a business. The success tool for MM was having the flexible nature, which allowed it to take advantage of the policies. Cultural Factors: The cultural factors of a business environment should also be taken into consideration while scanning the environment and during the policy formation. Policymakers in a global business cannot disregard cultural variables like social and religious practices, education, knowledge, rural community norms and beliefs. A company like MM, which has its growth in a globally oriented way, takes these cultural factors very seriously; one example is that MM supplies customised jeeps to Australia, which suits their local style or culture. Geographical factors: In a global business environment, geographical locations, seasonal variations, climatic conditions etc. considerably affect the tastes and preferences of customers, and also prospects and the labour force. The pace of development in various geographical locations considerably influences the policies of the government regarding industrial locations. Some times this helped MM because, if the government wants to develop some particular region it gives a lot of subsidies for the companies that are interested in setting up their plant in that region. Legal Factors: Law in India regulates every aspect of business. Hence, the legal government plays a very vital role in the business. The legal factors in India (pre liberalisation) that effected MM are like heavy protection from government by using the licenses, huge excise duties, discrimination done by the government on the basis of price, very high import duties and liberal policies for the foreign players. During this period MM was not so successful in expanding but after liberalisation MM grew at a huge rate. The legal factors post liberalisation period that helped MM grow are like the complete removal of the license raj system, excise duties were continuously restructured, reducing the duties on import and allowing fdi. Labour factors: Although labour with in the organisation constitute its internal environment, general labour policies and climate may form a part of the external environment. MM always strictly followed Labour laws in compensating their employees and other things that fall under that law. One incident were MM dint handled its employees very well was in 1994 when company went for Business Process Reengineering (BPR) their was huge opposition from the labour unions then the company after few months managed the situation and till date the company enjoyed the support of its employees. One of the core principles of MM states that their employees are considered as a very valuable resource. Technological Factors: Technology is considered to be one of the most important factors of any business environment. That is why the Government has always stressed about sophisticated technology and technology transfer in most of its policies. Foreign investment up to 100 percent is allowed in industries with sophisticated technology. MM has always laid emphasis on RD and always tried to make technologically sound products. The recent acquisition of Ssangyong motors by MM was mainly for the technology, this shows the companies quest for technology. MM recently acquired the electric car company Reva that shows their prediction for the future and they what to be ready by not considering technology as a barrier to their success. Competitive Market Condition: Competitive market condition is an important environmental factor, especially in a global business environment. In a socialist economic environment, a centralised authority -the government controls the market whereas the competitive forces determine the market in a fully capitalist economy. India, which has accepted the middle path, had been fostering both the conditions. As a result of liberalisation, some characteristics integrating the Indian economy with the global economy has emerged. As a result, a competitive market condition has emerged in India, creating a competitive business environment. A situation of perfect competition is seen in automobiles, fmcg etc. This is often taken as an opportunity by MM to grow and to show its capability in the market. Creating competitive market is the responsibility of every player in the market. MM keeps its responsibility by having competition in terms of both price and non-price with its other counter parts. In a way MM is helping itself and also the economy. A competitive business environment is an essential characteristic of globalisation. The nature of competition varies in different economic systems. In the context of widespread globalisation process, tremendous changes are taking place in the business environment of economic systems. MM concern for the international business environment is understandable in relation to the globalisation of business. Conclusions: All the above factors have affected MM in positive and negative way. But by studying these very closely has helped MM to take or to develop broad strategies and very long term policies for itself, by having clear understanding of the different environment factors MM was able to analyse its competitors strategies and, thereby, formulate effective counter strategies. Knowledge about the environment helped MM to be dynamic in its approach, which means that MM had very flexible structure for their strategies or policies that helped them to be dynamic in nature. Being a company that has expanded overseas needs to understand the above factors to have a visibility over the changing socio-economic factors at the national and international level for its stability. The executives of MM were able to adjust to the prevailing conditions and, thus, influence the environment in order to make it congenial for business. The environmental factor plays a major role for MM to expand overseas. In the post liberalisation period government reducing the import duties helped the company to improve its infrastructure and technologies. With the allowance of fdi in to the country MM started expanding and in a way made it a conglomerate. The structure of the industry, which includes the company and the competitors in addition to the potential entrants, suppliers, buyers, and so on determines the level of competition. Hence, the environment is influenced by all of them in some manner or the other. The business policy of every player has, therefore, to take cognisance of the treats posed by every other player including the entrants. Thus, subject to the influence of a number of factors, the business environment provides opportunities and threats, while its internal environment provides its strengths and weaknesses.

Carnal Knowledge by Boyle Essay -- Carnal Knowledge Boyle Essays Paper

Carnal Knowledge by Boyle In the story â€Å"Carnal Knowledge†, by T. Coraghessan Boyle, Jim is the main character who loves to eat meat. He would love nothing more than to enjoy a dinner of â€Å"Beef, mutton, pork, venison, dripping burgers, and greasy ribs†. (1107) However, Jim’s cravings for â€Å"Kentucky Fried or Chicken McNuggets† were no match for Alena Jorgensen. (1108) Alena is an obsessive animal rights activist whom Jim met while laying on the beach feeling sorry for himself. When a person has feelings of depression and loneliness it can be very easy for another person to come into their life and change their whole persona. Jim had just turned 30 and was feeling depressed for not having anyone in his life. After dozing on the beach awhile Jim awoke to an â€Å"unmistakable odor†, he’d been pissed on.(1108) He first heard Alena’s voice after cursing the dog. Alena is a very attractive girl and Jim fell for her immediately. Alena and Jim left the beach to go clean the piss off his clothes at Alena’s house. While waiting for the clothes to dry, they began a conversation about animal rights. Animal rights are a huge issue in Alena’s life. Jim never paid much attention to the issue but because of Alena’s beauty and kindness he was willing to listen. Jim’s feeling of loneliness has a big impact on his view of Alena. If Jim met another girl that day on the beach, and who was not as attractive he would have acted very different. Jim was very vulnerable at that moment and needed som... Carnal Knowledge by Boyle Essay -- Carnal Knowledge Boyle Essays Paper Carnal Knowledge by Boyle In the story â€Å"Carnal Knowledge†, by T. Coraghessan Boyle, Jim is the main character who loves to eat meat. He would love nothing more than to enjoy a dinner of â€Å"Beef, mutton, pork, venison, dripping burgers, and greasy ribs†. (1107) However, Jim’s cravings for â€Å"Kentucky Fried or Chicken McNuggets† were no match for Alena Jorgensen. (1108) Alena is an obsessive animal rights activist whom Jim met while laying on the beach feeling sorry for himself. When a person has feelings of depression and loneliness it can be very easy for another person to come into their life and change their whole persona. Jim had just turned 30 and was feeling depressed for not having anyone in his life. After dozing on the beach awhile Jim awoke to an â€Å"unmistakable odor†, he’d been pissed on.(1108) He first heard Alena’s voice after cursing the dog. Alena is a very attractive girl and Jim fell for her immediately. Alena and Jim left the beach to go clean the piss off his clothes at Alena’s house. While waiting for the clothes to dry, they began a conversation about animal rights. Animal rights are a huge issue in Alena’s life. Jim never paid much attention to the issue but because of Alena’s beauty and kindness he was willing to listen. Jim’s feeling of loneliness has a big impact on his view of Alena. If Jim met another girl that day on the beach, and who was not as attractive he would have acted very different. Jim was very vulnerable at that moment and needed som...

Cyranos Inevitable Destiny Essays -- essays research papers

Cyrano's Inevitable Destiny Who should take the blame for this tragedy? In Edmond Rostand’s Cyrano de Bergerac, Cyrano is portrayed as a valiant hero who exhibits humorous intelligence as well as great generosity. However, if we examine the play more carefully, we would find that Cyrano is personally responsible for his downfall; his constant aspiration for perfection and excessive deception eventually leads to his death. Such ornery behavior is exhibited when he adamantly insists on being himself, when he feigns the love letters for Christian, and when he hesitates to tell the truth and confess his love to Roxane. These acts ultimately aid in his defeat, leading us to conclude Cyrano is the only one to blame for his own destruction. Throughout the play, Cyrano exhibits his obstinate and presumptuous personality. He adamantly believes that his way is the only way and he defies any opposing force that comes against him. He refuses to listen to any sound advice from his friends. The most obvious example is when he refuses De Guiche's offer to be his patron. Instead of accepting the advice from his best friend, Le Bret, he has a rousing â€Å"No Thank You† tirade in front of the Cadets where he openly refuses to be under De Guiche’s patronage, proclaiming that living under another man's honor is beneath him. â€Å"Seek for the patronage of some great man, And like a creeping vine on a tall tree Crawl upward, where I cannot stand alone? No thank you!† (Cyrano, p.75) However, Cyrano should have realized that with De Guiche’s support he would have a higher status and a more stable economic source. The reason why Cyrano's ingenuity is never publicly recognized is because his poems are never published. Not only does he not have funds to pay for their publication, but his poems are often spontaneous and thus recapturable in their context without the situation to which it applied. A number of his poems are also on the objectionable because of the merciless way he regards others. If he would seize this brilliant opportunity, he would have made more friends and fewer enemies, and he would not have died so young. It was his impudent satire that infuriated his enemies to the point of conspiring his "accidental" death. This somewhat rash action reflects on Act I when he threw a bag of gold to th... ...rano thinks that Roxane doesn’t have to know the truth since it doesn’t mean anything anymore. It is ironic in Roxane’s discovery that it is Cyrano who has waited his whole life to tell her he loves her. It is hard to understand why Cyrano has waited so long to unfold the truth. If he had confessed his love to Roxane earlier, Roxane would definitely appreciate it and the couple then would have lived happily together. Instead, Cyrano’s ornery behavior has caused Roxane to love only once, but to lose that love twice. This is not fate nor coincidence. In complete control of his life, Cyrano is arrogant, deceptive, and hesitant in his actions; this ultimately leads to the great tragedy. As a result, we conclude that Cyrano has technically jeopardized himself. If Cyrano had not been so stubborn when he refused to be under De Guiche’s patronage, had not been so generous to feign the love letters for Christian, and had he not been so hesitatant when he deciding to confess his love to Roxane, the tragedy could become a romantic love story with a sweet ending. Again, Cyrano must hold all the responsibility for his actions and he must recognize that only he is to blame for this tragedy.

Computer Addiction Essay -- Technology

Technology today is progressing at an exponential rate with new devices being released practically daily. With each new invention comes new and exciting possibilities as well as ever growing temptations and danger. One such pitfall many have fallen victim to is that of computer addiction. Computer addiction can be defined as the obsessive use of computers that interferes with daily life. This addiction has been shown through many activities over computers such as video gaming, chat rooms, and net surfing to just name a few. In order to truly understand what computer addiction is one must understand the symptoms and motivations that lead one to become addicted. Computer addictions have been found in every race, gender, and socio-economical class in America, and yet many still view it as pure laziness. While it is still widely disputed many psychologist recognize it as a valid mental disorder. Like many addictions the origins of computer addictions cannot be accurately identified as there are always many causes of such addictions. Some psychologists speculate that the origins lay in our increased reliance on computers. The majority of people are required to use computers in their professional lives and throughout their educations. This reliance coupled with increased time restraints may lead to individuals to spending longer periods of time on the computer. A recent study was conducted by Robert Kraut at Carnegie Mellon University in which one hundred and sixty nine individuals from ninety three diverse households in the Pittsburg area were monitored during their first two years of internet use. By using monitoring software and surveys Dr . Kraut was able to establish a direct correlation between the amounts of internet use to a... ...lcoholics Anonymous. Regardless of the treatment sought, professional help is needed in order for addicts to overcome the dependency on computer time. As technology progresses more and more people are drawn to computers for their professions and education. If caution and restraint is not maintained some will become addicted, and this will have a tremendous impact on their personal and professional lives. Many have fallen prey to computer addictions and some have paid with their lives. Works Cited James Fearing, Ph.D. Computer / Internet Addiction - Self Diagnosis. n.d. 25 April 2009. . Spaith, Judith. "Sony Online Entertainment: EverQuestor EverCrack?" Journal of Business Ethics 58 (n.d.): 3–6. Williams, Ian. Vnunet. 01 March 2007. 25 April 2009. .

Old Chinese Gender Selection Method Health And Social Care Essay

Methods: This was a longitudinal descriptive survey. Pregnant adult females ( Civilian non entitled ) holding full term gestation labeled bringing instances and admitted in officer ‘s household ward of Pakistan Navy Ship Shifa infirmary Karachi Pakistan from 31 March 2010 to 11 June 2010 were included in the survey. Consequences: Entire topics observed in the survey were 100.The average age of the adult females was 27.44 old ages with standard divergence of 4.35. Out of 100 delivered babes 42 were misss and 58 were male childs and 50 % .were right predicted with misss. sensitiveness of 45.23 % and specificity of 53.44 % . and sensitiveness of 53.44 % and specificity of 45.23 % .The positive predicted values calculated for foretelling boys baby was 57.40 % and for miss babies 41.30 severally. Decision: This survey remained focused on cognizing its truth after construct and revealed same consequence of truth of 50 % as with chance of tossing a coin but it did happen better sensitiveness for foretelling male as compared to female. Bing non invasive, this trial can give better and new consequences if practiced under the supervising of a confer withing household doctor particularly on good educated pregnant adult females. Cardinal Wordss: Mother ‘s age, Last catamenial Period, Month of Conception, sex anticipation, Sex planning, Chinese Method. —IntroductionThe ultimate purpose of every married adult female remains to be a female parent. Marital life starts with guess and planning of kids, their Numberss and sex. Fertility, which refers to holding construct or existent kid bearing, becomes the foremost desire. Gender of the pick is a natural desire of a adult female. However on first gestation this desire remains hibernating in the supplications. During initial phases of gestation suspense remain in cognizing the sex of an unborn babe. Assorted scientific methods are available for the anticipation of the sex of the foetus. These include Chorionic villus sampling ( CVS ) , amniocentesis and ultrasound. Other methods used to foretell the sex of foetus after construct are Old married womans narratives, foetal bosom rate trial, draino trial and Chinese lunar calendar ( CLC ) method etc. The most popular method is extremist sound which is best done between 18 and 26 hebdomads of gestation but its truth depends upon several factors: babe ‘s cooperation, gestational age, technician ‘s ability, etc ( 1 ) . Once the twosome have the babe of either sex and wants to hold the babe of their ain pick, they go for gender choice or planning of methods which provide counsel for following steps before construct. There is a broad prevailing tendency among pregnant adult females of developing states of holding a penchant for male child babes. In states like China, India, and Korea socio-cultural environments do be which contribute to boy kid prejudice in attitude and action ( 2 ) . A societal study on gender penchants prepossession sex choice among pregnant adult females in Karachi, Pakistan revealed that 27.6 % Pakistani adult females do demo a statistically important penchant for male childs over misss ( 3 ) , In Egypt a survey found 1.4 overall boy penchant index ( 4 ) Among the United States general population harmonizing to a cross-sectional web-based study, 39 % of respondents liked their first kid to be a boy, and 19 % liked their first kid to be a girl ( 5 ) .However on big graduated table, prepossession sex choice for non medical grounds raises of import lesson, legal, and societal issues and it can take to a socially riotous instability of the sexes. The methods which provide the option of planning of sex of the babe before construct include the Shettles method and Chinese lunar calendar method. Shettles method named for Dr. Landrum Shettles, based on timing of sexual intercourse in relation to ovulation, sexual place and adult females orgasm ( 6 ) . The Chinese lunar calendar chart ( Table – 1 ) has the advantage of utilizing it for planning of sex of the babe before construct and foretelling the sex even after construct. Harmonizing to fable, the Chinese birth gender chart is based on statistics taken from adult females inside the out metropolis during the China dynasty. This chart was discovered by a Chinese scientist around 700 old ages ago buried in a royal grave. Original transcript of the chart is now placed in the institute of scientific discipline of Beijing China. Accuracy of this chart is claiming to be 99 % and is based on female parent ‘s age and month of construct which are converted into their lunar eq uivalents ( 7 ) . Globally really few surveies have been conducted on this method but in Pakistan no such record were found. The purpose of this survey was to prove the truth and prognostic value of Chinese calendar method in a sample of pregnant adult females admitted for hospital bringing at PNS Shifa Hospital Karachi.SUBJECT AND METHODSThis was a longitudinal descriptive survey in which truth of the Chinese method of foretelling sex of unborn babe was noted in the conceived adult females. Pregnant adult females holding full term gestation labeled bringing instances and admitted in officer ‘s household ward of Pakistan Navy Ship Shifa infirmary from 31 March 2010 to 11 June 2010 were included in the survey. Civilian non entitled ( CNE ) class of the adult females was included as compared to services forces households sing their better socio economic conditions, instruction and better place of remembering the day of the month of last catamenial period ( LMP ) . Inclusion Standards: All CNE pregnant adult females 15 -45 old ages of age holding singleton gestation. Exclusion Standards: All pregnant adult females belonging to Pakistan Armed Forces. All CNE pregnant adult females & A ; lt ; 15 old ages and & A ; gt ; 45 old ages age and holding multiple and premature bringings. A Performa was drafted to observe indispensable bio informations of topics including name, age, day of the month of last catamenial period, expected day of the month of bringing ( EDD ) , existent day of the month of bringing, sex of delivered babe and observed truth of the trial. The month of LMP was correlated with the age of each pregnant adult females and anticipation of gender was done against each severally. This consequence was tested on the twenty-four hours of bringing of the babe and truth of the trial was compared.ConsequenceEntire topics observed in the survey were 100.The average age of the adult females was 27.44 old ages with standard divergence of 4.35. Minimal age was 18 and maximal age was 38 ( Figure -1 ) . The average gestational age was 36 hebdomads. Out of 100 delivered babes 42 were misss and 58 were male childs. Among 42 miss babes 19 were right predicted, hence the method holding a sensitiveness of 45.23 % and specificity of 53.44 % . Out of 58 male childs ba bes 31 right predicted with a sensitiveness of 53.44 % and specificity of 45.23 % ( Figure – 2 ) . .The positive predicted values calculated for foretelling male childs was 57.40 % and for misss 41.30 severally.DiscussionFamily / Community physicians like accoucheurs while covering with a pregnant lady normally encountered the inquiry about anticipation of sex of foetus. The concerns of twosome remain on top peculiarly when they already had series of kids of either sex particularly misss. In an eastern developing state like Pakistan where there is a male-dominancy and broad prevalent female illiteracy led to penchants for male child babe. Here even the life of adult females may stay on interest because of the menaces by hubby / female parent in jurisprudence or due to seeking an illegal abortion. The Chinese lunar calendar method is a non -invasive cheap method to foretell the sex of the foetus. With simple counsel and follow up by household doctor it is possible to acquire coveted consequences. Our survey being the experimental survey remained focused on acquiring the information pertaining to age, last catamenial period ( LMP ) day of the month, full term period of gestation and consequence of the bringing. Although CLC method holding no information on the principle or biological footing, we were funny in cognizing the consequences in Pakistani adult females. In our survey truth found was 50 per centum.Same consequences were obtained by two other international surveies ( 8, 9 ) .However in our survey trial sensitiveness was higher for male childs babies ( 53.44 % ) as compared to girl babies ( 45.23 % ) and therefore the positive predictive values for male baby was high ( 57.40 % ) Versus female babies ( 41.30 % ) .DecisionThe Chinese lunar calendar method offers two manner uses of planning of sex of babe before construct and anticipation of foetus sex after construct. This survey remained focused on cognizing its truth after construct and revealed same consequence of truth of 50 % as with chance of tossing a coin but it did happen better sensitiveness for foretelling male child as compared to girl babies. This survey can give better and new consequences if practiced under the supervising of a confer withing household doctor for the intent of be aftering babe ‘s sex before construct particularly on good educated pregnant adult females.

Lord of the Flies vs. A Separate Peace Essay

In the World Book Dictionary, jealousy is defined as being in an envious condition or feeling. Many can relate to this feeling, because they have personally experienced jealousy before. Although these people may share a similar feeling, the way each individual acts upon his/her feeling is different. Some just ignore their jealous feeling, hoping that it would quickly go away so that they can go on with their daily lives. Others become so overwhelmed that they actually may act on their emotions, expecting that their action would make them feel better. Usually, the contrary occurs. The person does not feel better about himself; instead, bitter feelings, a loss of respect, or even a loss of friendship are common consequences. In the novels Lord of the Flies by William Golding and A Separate Peace by John Knowles, the characters Jack and Gene both experience jealously towards another person, and their actions, motivations, and feelings all circumnavigate around jealousy. In Lord of the Flies, once Jack realizes that Ralph is going to become chief, he totally changes and becomes the antagonist. First of all, Jack acts out on his jealousy by attempting to harm Ralph. Although Jack’s scheme to kill Ralph is unsuccessful, Ralph is still very close to death. In the novel, the reader knows that Jack is plotting to kill Ralph because Samneric informs Ralph, â€Å"They’re going to hunt you tomorrow†¦[Jack] sharpened a stick at both ends.† When Samneric reports that Jack sharpened a stick at both ends, they imply that Jack’s cult plans to decapitate Ralph and stick the prized possession on an end of the stick like it did to the sow. Jack desires to use the head as an offering for the Beastie, a fictional monster that the boys believe haunts the island. As stated before, Jack decides to create a clan from his motivations that arise because of his jealousy. Moreover, since Jack knows that Ralph is always going to be elected chief no matter how many times the group of boys vote, Jack starts his own clan and elects himself as chief. When he does this, he openly tells his colleagues, â€Å"Anyone who wants to hunt when I do can come too.† By stating this, he is simply persuading people to support his feat. As Jack plans the death of Ralph, he does not feel any sense of remorse or guilt for plotting to kill his old friend. Jack is just excited that there will be a big hunt for Ralph. Gene also transforms drastically in A Separate Peace after he realizes that he will never be as athletic as Finny. Finny has always been able to accomplish goals and achievements that no one else can reach. Furthermore, Gene becomes jealous. In response to his covetousness, Gene harms Finny by â€Å"[taking] a step toward [Finny], and then [Gene’s] knees bent and [Gene] jounced the limb.† Gene does this so quickly that he does not realize the consequences in jerking the tree limb. He does not know that his action would affect the rest of Finny’s life. Unlike Jack though, Gene does not seek the support of his friends. All Gene wants is for Finny to understand that Gene did not hurt Finny on purpose, and he is greatly sorry. However, when Gene attempts to explain this to Finny, Finny just brushes it off and tries to convince Gene otherwise. He says, â€Å"I don’t know, I must have just lost my balance. It must have been that†¦I just fell.† Another difference is that after Gene shakes the limb and makes Finny fall and break his leg, he feels guilty about his act of jealousy. Gene actually goes up to Finny numerous times to explain that Gene was actually the one who made Finny break his leg, but Finny does not listen. Finny just stubbornly sticks to his reason to â€Å"[being] clumsy and not watching where [he] was stepping.† Ultimately, Gene is immersed with sorrow and guilt. His envy for Finny not only backfires; it creates endless shame and remorse. In the novels Lord of the Flies by William Golding and A Separate Peace by John Knowles, the main characters’ actions, motivations, and feelings are all outcomes of their jealousy towards another. Jack and Gene share the similarity of attempting to harm another due to their envious motivation. Yet, they are different as seen through their ultimate feelings. Both Jack and Gene aspire to become equal to their rivals, even if they must harm their friends to accomplish self-fulfillment. In the end, Gene suffers from guilt while Jack cannot be more pleased when his newly established clan obeys him to kill Ralph. Richard Griper says it best: â€Å"Jealousy is nothing unless you act upon it.†

Carrefour Case Analysis

The purpose of this analysis is to highlight how Carrefour has financed its growth over the last four years i. e. 1968 through 1971 with the help of the Statement of Sources and Uses (Exhibit 1). In addition, the financing needs for the projected growth of the company will be reported and analyzed briefly. For this purpose Pro-forma Income Statements (Exhibit 2) and Pro-forma Balance Sheets (Exhibit 3) have been prepared for the next four years (1972 through 1975). From 1968 to 1971, Carrefour has used trade notes extensively as a source of cash. Other significant sources of funds are Other Current Liabilities, Accounts Payable, Shareholder's Equity and Long term debt. Most of the sources have been utilized to fund Building and also to generate more cash for the firm. A good portion of the sources have also been used to create more Inventories from 1968 to 1971. Land has been acquired during these four years as also other fixed assets and current assets. As is seen from the Pro-forma Balance Sheet, Carrefour would have to take significant amounts of Long Term Debt(at 10% Interest rate) in order to finance its expansion outside France. According to the projections, LT Debt would have to be increased to around 89% from 1971 to 1972 and 96% from 1972 to 1973 respectively. This means Carrefour would also have to pay huge amounts of interest on these debts. With revenue growth of 35% Carrefour would be able to support its debt and still earn fair amounts of profit including dividend payouts. However, huge amount of debt and interest expense might be risky and could lead to negative earnings if the actual revenue growth falls below the expected value of 35%. Exhibit 1 CARREFOUR STATEMENT OF SOURCES AND USES – 1968 to 1971 | |Â   |1968 |1971 |Change |Source/Use | |Intangible Assets |0 |1 |1 |Use | |Land |14 |28 |14 |Use | |Buildings & Equipment |50 |202 |152 |Use | |Other Fixed Assets 21 |49 |28 |Use | |Total Fixed Assets |85 |279 |194 | | | less: Depreciation |10 |63 |53 |Source | |Net Fixed Assets |75 |216 |141 | | |Investments & Advances |5 |19 |14 |Use | |Inventory |30 |107 |77 |Use | |Acounts Receivable |2 | 4 |2 |Use | |Other Current Assets |58 |124 |66 |Use | |Cash |18 |151 |133 |Use | |Total Current Assets |108 |386 |278 | | |TOTAL ASSETS |188 |622 |434 | | | | | | | | |Shareholders' Equity |39 |112 |73 |Source | |Special Provisions |0 |1 |1 |Source | |Long-term Debt |26 |64 |38 |Source | |Accounts Payable |0 |77 |77 |Source | |Trades notes (noninterest) |100 |244 |144 |Source | |Other Current Liabilities |23 |124 |101 |Source | |Total Current Liabilities |123 |445 |322 | | |TOTAL LIABILITIES & EQUITY |188 |621 |433 | | | | | | | | |Master Check(Sources-Uses) |Â   |Â   |0 | | Exhibit 2 CARREFOUR PROFORMA INCOME STATEMENT |Past 3 yr avg of % of sales taken for| | |all items except Revenues and Int | | |Rates | | |Actual | |Actual |Actual |Actual |Actual |Pro Forma |Pro Forma |Pro Forma |Pro Forma | | | |1968 |1969 |1970 |1971 |1972 |1973 |1974 |1975 | | |Intangible Assets |0 |4 |1 |1 |5 |7 |9 |12 |0. 004 |0. 001 |0. 000 |0. 002 | |Land |14 |20 |25 |28 |50 |67 |90 |122 |0. 020 |0. 017 |0. 013 |0. 016 | |Buildings & Equipment |50 |82 |136 |202 |266 |359 |485 |654 |0. 080 |0. 094 |0. 090 |0. 88 | |Other Fixed Assets |21 |38 |52 |49 |95 |129 |174 |235 |0. 037 |0. 036 |0. 022 |0. 032 | |Total Fixed Assets |85 |140 |213 |279 |411 |555 |749 |1011 | | | | | |less: Depreciation |10 |22 |35 |63 |97 |142 |204 |287 |0. 100 |0. 069 |0. 112 |0. 094 | |Net Fixed Assets |75 |118 |178 |216 |314 |412 |545 |724 | | | | | |Investments & Advances |5 |10 |12 |19 |27 |36 |49 |66 |0. 010 |0. 008 |0. 009 |0. 009 | |Inventory |30 |65 |72 |107 |162 |219 |295 |399 | | | | | |Acounts Receivable |2 |2 |3 |4 |6 |8 |11 |14 |0. 002 |0. 002 |0. 002 |0. 002 | |Other Current Assets |58 |50 |75 |124 |157 |212 |286 |386 |0. 049 |0. 052 |0. 056 |0. 052 | |Cash |18 |51 |116 |151 |199 |268 |362 |489 |0. 050 |0. 080 |0. 068 |0. 66 | |Total Current Assets |108 |168 |266 |386 |524 |707 |954 |1288 | | | | | |TOTAL ASSETS |188 |300 |457 |622 |870 |1162 |1557 |2090 | | | | | | | | | | | | | | | | | | | |Shareholders' Equity |39 |89 |98 |112 |206 |278 |375 |507 |0. 087 |0. 068 |0. 050 |0. 068 | |Special Provisions |0 |0 |1 |1 |1 |2 |2 |3 |0. 000 |0. 001 |0. 000 |0. 000 | |Long-term Debt |26 |25 |64 |64 |121 |237 |393 |605 | | | | | |Accounts Payable |0 |48 |61 |77 |124 |168 |226 |305 |0. 047 |0. 042 |0. 034 |0. 041 | |Trades notes (noninterest) |100 |79 |147 |244 |244 |244 |244 |244 | | | | | |Other Current Liabilities |23 |59 |86 |124 |173 |234 |316 |427 |0. 058 |0. 060 |0. 056 |0. 058 | |Total Current Liabilities |123 |186 |294 |445 |542 |646 |786 |976 | | | | | |TOTAL LIABILITIES & EQUITY |188 |300 |457 |622 |870 |1162 |1557 |2090 | | | |