How many types of ball mill do you know

Ball mill is the main crushing grinding equipment widely used in power plant, cement, mining, chemical, metallurgical and other industries production at home and abroad. Hongxing is a famous ball mill manufacturer in China,which was established in 1960. Our company development newly developed a type of cone ball mill,more cost-effective and more trusted by customers. Cone ball mill have a higher technical indexes and efficiency than old-fashioned ball mill,so yields also greatly enhanced.Compared with the traditional ball mill, the matched motor power can reduce 8-25%, save lubricant 70%,save cooling water 90%,comprehensive energy save above 20% . And the cone ball mill durable, save a lot of maintenance costs. In addition,Hongxing aslo supply Horizontal ball mill,Ceramic ball mill,Energy saving ball mill,etc. Our company have decades of history,have rich experience. our ball mill are exported to all over the world,favored by domestic and overseas customers. If you have any questions , please contact us. We look forward to your visit at any time.Jaw crusher is one of the most important machine in mining machinery industry. Jaw crusher is so popular Justbecause its superior performance and simple operation. Jaw crusher can broken the high hardness materials easily,and was durable, easy maintenance. So the Jaw crusher was deeply favored by domesitic and foreign customers. PF impact crusher can be widely used in stone production line such as water,electricity, highway, etc. There are three-tube crash part and using no key awl case to contact, wear-resisting board hammers.Using inset bearing form and incline bearing sent . It's special tooth-shape back striking board make maintenance is more convenient. Jaw crusher is Hongxing's flagship product and is also the best sale product series. For many years, Jaw crusher all have good sales both at home and abroad. Our crusher is widely used in many departments, such as smelt metal, building materials, mining ,railway, ch emical industry,etc.

How Urban Legends Work

A Summary of â€Å"How Urban Legends Work† Have you ever heard of the urban legend â€Å"Bloody Mary†, where you stand in the bathroom with the lights off and the room completely dark and chant â€Å"Bloody Mary† 13 times in the mirror a woman will appear and kill you. In the article of â€Å"How Urban Legends Work† by Tom Harris, Mr. Harris gives us various examples of different urban legends. Exactly what is an Urban Legend? Urban legends are popular stories that are alleged to be true and are passed from person to person by word of mouth or written communication. In the article â€Å"How Does Urban Legends work† by Tom Harris, he states that an urban legend is any modern, fictional story, told as truth that reaches a wide audience by being passed from person to person. Are urban legends true or false? Tom Harris stated in his article that most urban legends are not real. In the article Tom Harris gives us examples of different urban legends that have no moral relation to them but they are told and written for amusement. Urban legends are believed by a lot of people only because they don’t take the time to look into things themselves. What makes them so real? Tom Harris stated in his article that some details in an urban legend can really make them seem real and make you believe them. Urban legends have been around for decades but within the last 10 years they have taken the internet by storm. I receive forwards daily from different people that have my email address and some of them always say to forward them on. I never forward because either it’s an urban legend or a chain letter. If I not sure about it I always go back and do the research on it myself. Urban legends come in different forms it’s simply up to you to decide whether they are real or fake. Telling urban legends are just like playing the game telephone, the more you pass it on the story is going to get twisted up somewhere. A few things will be added and some will be taken away from the story. It’s up to you to dissect the story and research it for yourself.

By Looking Closely At Language Content Style

By Looking Closely At Language, Content, Style Show How? Fat? Can Be Considered A Typical Carve Sto Essay, Research Paper ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? When replying this inquiry one must first see what a typical Raymond Carve narrative is. After reading several of his other short narratives you can see a pattern development. His minimalist manner creates a sense of withdrawal from the narrative and its characters, nevertheless at the same clip he is still able to take you through a scope of emotions. A typical Carver narrative surely involves conversational and easy to understand linguistic communication. However at the base and beneath this are really intricate and elaborate narrative lines that frequently hold implicit in concealed messages, these messages are the readers occupation to bring out. The simpleness of Raymond Carver # 8217 ; s characters makes them complex. Though this is an dry statement as sarcasm is portion of Raymond Carver? s authorship. The individualities of his characters are simple and ordinary, but the sarcasm of the narratives makes them unusual. Most of Carver # 8217 ; s characters are similar: alone personalities without the ability to show themselves, fighting with the troubles of the day-to-day life and traveling from occupation to occupation. There is a bound to what they can bear, and even an undistinguished event can oppress their lives. Their ordinary lives all of a sudden seam non so ordinary ; they become strange. The scenes are semi-industrial American towns that make the reader depressed and dying. The secret plans of his narratives are besides comparable: the action begins with ordinary lives, which somehow prostration into darkness, depression and terror. The universe portrayed by the writer is without faith, political relations, civilization or society. The reader is left with assorted feelings: desperation and gratefulness. Our lives may be bad, but compared to those described in his narratives they seem heavenly. ? ? ? ? ? ? ? ? ? ? ? If you compare? Fat? to this analogy so one can surely see similarities. Language wise, this narrative is simple with no complex metaphors etc, Carver does non necessitate these to make the image he wants. His simple authorship manner still can convey you through a scope of emotions. At the beginning of the narrative I found it humourous, ? This adult male is the fattest individual I have of all time seen. ? This description of the adult male can be interpreted as entertaining. However as the narrative develops, this facet of temper shortly alterations into a more serious affair as one begins to feel understanding for the adult male. The elaborate description of what he eats, how he chows an vitamin D people? s comments to his weight filled me with great compassion, ? He? s truly a fatty. ? The linguistic communication used by the characters to depict the adult male can be harsh and cruel reenforcing your understanding for him. In footings of manner the usage of the first individual narrative in this narrative allows Carver to step back and have less of an interpretative influence. A first individual narrative does non let Carver to hold such control over the characters. The gives a greater sense of pragmatism. Many of George washington carvers narratives are focused on one character depicting events. In? Fat? it is based around this adult females giving her perceptual experience of proceedings, ? I say and a feeling comes over me? The adult females does non depict what this feeling is merely that she has one. This adds a turn to the narrative as the adult females is non merely concerned by this mans weight but by something else. It is our occupation as the reader to dissect this. Besides at the beginning of the narrative it is a really laid back and relaxed manner, nevertheless as the narrative progresses your emotions start to come up and you are seeking to calculate out what is truly traveling on. This is Carver? manner being able to subletely toss the whole narrative over conveying up many surprises along the manner. As with many other of his short narratives, Carver will describe something so far and merely at the point where everything is about to be exposed he stops, go forthing the remainder to our imaginativeness. At the terminal of a Carver narrative you feel baffled as such a simple event can be turned around into something life altering for a character. If one looks at the general content of the narrative so you see several analogues emerging with his other narratives. ? Fat? starts off with an ordinary individual, with an ordinary occupation in a ordinary state of affairs. However Carver? s glare is how he converts these apparently dull state of affairss into a life altering experience for the character. If one looks at? Fat? so the stoping is a complete bewilderment for the reader, ? My life is traveling to alter. I feel it. ? In? Fat? there is no existent narrative line as with his other narratives, but its stoping exemplifies Carver? s minimalist manner, maintaining everything simple on the surface, but underneath you can see that something else is traveling on. In decision? Fat? has adult male similarities with a typical Carver narrative. With its minimalist manner and dull ordinary people populating their lives, nevertheless these lives can be changed dramatically by one individual or one event. As a consequence the lives can travel into depression or make the antonym and flourish.

Women Community Organizers often Engage Popular Struggles on More Than Research Paper - 1

Women Community Organizers often Engage Popular Struggles on More Than One Front - Research Paper Example Communities to not form by themselves, but they are organized so that a strong relationship is built among the participants. This process of building a community and sustaining it throughout the period is called ‘community organizing’ and the process involves not only building a network of individuals, but also the identification of goals and action towards those specific goals. According to Snow, et al (1986), the process of community organization can mean the entire process of organizing individuals, sorting out the relationships, identification of goals and paths, mobilization of individuals and maintenance of a strong network. Until sometime back, community organizing was not a very popular subject with the scholars (Davis, 1981). Therefore, very little is known about the origin of the theories of community management and whether, the theories of social movements can be applied to the way in which community organization works (Stoecker, 1993). To this caveat of liter ature of social movements and community organization, there is also the lack of awareness of what roles that gender discourses play in these communities. Only in the past decades, gender has received a high consideration (Robnett l996), Gender, which can be considered to be a social product of any interaction is also redefined and reconstructed through any social movement or community organization. With any community organization or social movement, the differences and inequalities in terms of gender equations come out more strongly. According to Brandwein (1987), gender has an effect on the way in which problems are identified and choices are made. For example, in a community or social movement, the responsibilities that individuals have outside of the movement are not taken into account (Stoecker, 1992) and when it is taken into account, the way in which women are involved gets restricted. In the New York Tenants movement, the role of women was confined to the most basic of activi ties, where as men were involved in complex issues. (Lawson and Barton, 1980). Therefore, the community organization work contributed by women during social movement gets ignored. Robnett (1996) has challenged the narrations and accounts of movements that have ignores and neglected the role of women activists. Barnett (1993) has challenged the research related to social movement and community management that projects the spokesperson of the movement while ignore the workers who work at grass root, who are often women. Therefore, even though there is a very high involvement of women organizers in the field of community organization, the image and projection always comes out to be that of a male dominated effort. Even though these movements talk about democracy in participation, the actual way in which these movements are projected and carried out do not practice this democracy in terms of gender equations. According to Weil (1986), the strategies get influenced on ‘macho powerà ¢â‚¬â„¢ and zero-sum competitiveness. As a result of this approach, the challenges that women face in participation in these movements is not confined to the direct engagement in these movements and they face challenges at multiple levels. Apart from contributing to these movements, there is lack of visibility, pressure to take up more grass root level or administrative challenges, making sure that other responsibilities such as child care and home management happens smoothly. This study takes a detailed look at the way in which women community organizers engage in popular struggles in more than one front. For any woman who participates in these community organiz

Medical Experiment on Animals Term Paper Example | Topics and Well Written Essays - 2000 words

Medical Experiment on Animals - Term Paper Example the past, animal testing was justified due to lack of technology and absence of proficiency in medicine, as fewer alternatives were present to heal the patients (Anderegg et al, 1). Supporters of animal testing have been using the argument that experimentation on animals have led to remarkable advancements like kidney transplants, mental illness, ulcer and asthma drugs, bypass operations, polio vaccines etc. Even the effects of penicillin were first observed on mice in 1940. Following these tests, the drug was then used on soldiers in 1941. Similarly, blood transfusion was conducted on dogs in 1914. Since then this technique has been used for human beings and has helped save the lives of many (RDS, 3). In spite of what the supporters of animal testing say, it has been testified by numerous medical historians that key medical discoveries were rather made by observing patients and human autopsy, as opposed to animal testing. There have been several cases where testing on animals has led to results which ended up misleading the scientists rather than provide evidence. In 1963, it was concluded that smoking and lung cancer in humans was strongly correlated. This conclusion was a result of retrospective studies and research. However when tested on animals, the experiments failed to produce the desired results. Since the human and animal anatomy had vast difference, researchers ignored the human data which they obtained from patients. As a result, health warnings weren’t issued and this resulted in thousands of deaths by lung cancer (Anderegg et al, 2). Similarly the use of animal models misled researchers, when the polio virus was being studied. As a result of experimenting on monkeys, researchers concluded that the polio virus was transmitted through the respiratory system. Consequently misdirected preventive measures were taken and the development of the polio vaccine was delayed. It was later found out that in human, the polio virus is transmitted by the

Management of chronic pain control in cancer Essay

Management of chronic pain control in cancer - Essay Example In one year more than 500 people in 100,000 will be diagnosed with cancer within the United Kingdom (Cancer Research UK, 2012). The same site states that the survival rate for all cancers has now reached 50%, with some types having a very high 5 year survival rate of 95% and with women generally having a higher survival rate than men. Treatment will have included such things as surgery, radiotherapy and chemotherapy, all of which play their part in either removing or destroying cancer cells. Such treatment though has its costs and it is a normal experience to have some pain after cancer surgery. Most of this will fade after time, but in some cases pain can persist for months or years, especially if nerves are damaged. After radiation therapy there may be pain which eventually resolves. In some cases though pain can develop a long way down the line. Chemotherapy can also result in pain and numbness. Some people may also find that they are liable to migraines, low back pain and other t ypes of pain ( Cancer.net, 2012). All of these pains require treatment, but often patients are worried about taking large amounts of analgesics, and may not reveal the extent of their problems. Fullen et al( 2006) point within schools of both medicine and nursing the amount of time spent teaching students about pain relief varies considerably, which will contribute to a patchy service when it comes to pain relief, simply because of inadequate training in some areas. This in turn means that more patients suffer to a greater extent than they need do, and also increase time off work and in hospital, at great cost to themselves and to the country’s health service., Chronic pain has been defined as† having pain on a daily basis for more than six months† (Fullen et al, 2006). Cancer is a term used for more than one hundred diseases in which abnormal cells divide uncontrollably and invade surrounding tissues as well as spreading to other parts of the body through such me ans as the lymphatic and circulatory systems. It affects both organs and mechanisms. This multiplicity of possibilities requires very individualised treatment at every stage from diagnosis on through treatment and into survivorship. The Alliance for Cervical Cancer Prevention (2004) describes how a diagnosis can mean a person feels isolated, anxious, angry and depressed. It might well be assumed that once a cure has been achieved all this could be put behind them, but persistent pain is a very real issue in many cases, as could be psychological issues. Some will feel exalted that they have survived such a major threat, but others may continue to see themselves as a victim, especially if there are long term physical differences, as for example if there is the need for a permanent colostomy, or a man becomes impotent. Within the United Kingdom in 2012 it was declared that treatment for cancer is becoming ever more successful (Department of Health, 2012). The cure is not always the fin al end of pain however. The patient and his family have had to deal with the shock of diagnosis, the progress of the disease and then the joy of the

Managerial Decision Making Research Paper Example | Topics and Well Written Essays - 750 words

Managerial Decision Making - Research Paper Example Managerial Decision Making Decision making is the procedure of identifying opportunities, problems, and solutions to these problems or opportunities. Making decisions involves effort, before and after the actual choice. Decision making occurs at all levels of a business. Frequently, the board of directors makes strategic decisions regarding investment and the course of future growth of a company, among others. Managers can make the tactical decisions regarding how their own department can contribute most effectively to the overall company objectives. Ordinary employees are also expected to make decisions regarding conduct of their own responsibilities, responses to customers and enhancements to business practice. There are two types of decision making; programmed and non-programmed decision making (Richard & Dorothy, 2010). Programmed Decision Making According to Andrew (2011), programmed decisions are made for routine, recurring for well-structured situations using predetermined dec ision rules. These rules normally apply prior experience or practical knowledge about what works in a certain situation. Programmed decisions are resolutions that have been made numerous times in the past; managers have developed guidelines or rules to be applied when certain situations are anticipated to occur. According to Richard & Dorothy (2010), programmed decisions are made to ensure smooth running of the organizational activities. For example, McDonald’s Corporation inventory manager will decide to order certain goods when the company is running out of stock. Few programmed decisions are structured to eliminate individual judgment. In programmed decision making, there are no errors in the decisions since it is routine, and managers normally have the information needed; to create guidelines and rules to be followed by others. Lower level managers are essentially confronted by repetitive and familiar problems; therefore, they typically rely on programmed decisions, such as standard operating procedures. In most cases, lower level managers deal with well-structured problems. If lower level managers come across ill structured problems, they pass on these problems to senior managers in the organizational hierarchy. Similarly, senior managers pass down well structured problems to their subordinates so that they handle more problematic issues. In programmed decision making there is little threat and ambiguity involved, the decision maker is certain on the consequences of his or her actions, pertaining to a certain issue (Andrew, 2011). Non-programmed Decision Making Non-programmed decisio

Study the housing market bubble the US is currently experiencing. What Essay

Study the housing market bubble the US is currently experiencing. What happened because of the bubble and what is the current state of the housing market and ho - Essay Example However, financial derivatives itself are considered as detrimental if their use is made in more superficial way. Banks, in order to recoup the lost liquidity drained into the subprime mortgage loans have securitized them against the payments and real estate properties offered as securities in those mortgage loans. The process of securitization works in double way. Banks rely on the cash flows generated through the repayment of these subprime mortgage loans to pay off their obligations on those securitized instruments issued by the financial institutions. The problem arises when the subprime borrowers started to default on their obligations hence creating a mismatching in the liquidity positions of the financial institutions. Since most of the financials institutions have already securitized their mortgage portfolio therefore, in order to avoid being defaulted on their payments to the bond holders of those securitized loans, they divert their normal cash resources to the payments to be made to those bond holders. Since the normal and routine liquid resources of the financial institutions go to the repayments of those bonds therefore they find themselves short of liquidity hence a credit crunch in the economy emerges as a result of this. The credit crunch caused by this housing bubble borrowers also leads to the crowding out effect also as more and more funds are being diverted in paying off the liabilities of the financial institutions therefore the availability of the credit to the private sector shrinks thus halting the progress of the economy since most of the companies rely on bank credit at least for their short term working capital needs as well as making long term investments through a combination of borrowings either through banking channels or secondary markets. With the lowering interest rates, the demand for the homes increased which ultimately raised the prices

Crime mapping Essay Example | Topics and Well Written Essays - 500 words

Crime mapping - Essay Example Clustering is indicated by the nearest neighbour index (NNI) and the NNI value from the table are 0.5746, 0.4679 and 0.4838 for shift 1, shift 2 and shift 3 respectively. An NNI value of 1 indicates random clustering and therefore the above NNI values are less than 1 and this indicates clustering of occurring offences. The P values for the three shifts is p value = 0.0001 and because this value is less than 0.05 then the clustering of occurring offences are statistically significant. From the table shift two has NNI value 0.4679 and a standard deviation distance value of 2887.5 and this is the lowest NNI value meaning that this shift is more clustered than all the other shifts, shift 1 has the highest NNI value of 0.5746 and a standard deviation distance value of 3039 meaning that this shift is less clustered. Shift three has a median NNI value of 0.4838 and a standard deviation distance value of 3104.7. Shift two has the lowest NNI value and this is an indication that given that shift two time is from16Hours to 24Hours there are less police officers and security agents available during this time of the day and therefore higher clustering of occurring offences. Shift one has a NNI value of 0.5746 which is statistically significant at 0.05 level of tests and this is the highest NNI value meaning that there is less clustering of occurring offences, this shift time is from 9 hours to 15 hours and during this time of the day more police officers and security agents are available and therefore less clustering of occurring offences. Shift three has a median value of NNI and this means that this shift has less clustering of occurring offences than shift two but higher clustering of occurring offences than shift one. This means that during shift three we have higher clustering of occurring offences than shift one but less clustering of occurring offences than shift two. From the above discussion it is evident that during the first shift which is from

Television and Citizenship Essay Example | Topics and Well Written Essays - 2250 words

Television and Citizenship - Essay Example With these theories combined, we can now progress to a real-life example of these theories in action. Audiences who watch the television show The Biggest Loser are introduced to a panel of morbidly obese contestants at the beginning of each season. As the weeks progress, the contestants and their professional trainers work to transform their bodies into healthier versions of themselves. Within the context of the show, the areas of neoliberalism transcend to audiences through the idea that these contestants are chosen and represent extreme cases of unhealthy living habits. While a plausible view, thanks to the constructs of neoliberalism, viewers of The Biggest Loser may forget the mass epidemic that obesity has within this country. Through combining this viewpoint with the democracy game of television, The Biggest Loser can help the political movement of working to help the nation gain greater awareness about the dangers of obesity. With the publicity of this show shedding light on t he growing problem of obesity among Americans, the political realm can capitalize on the popularity of this movement and work with health institutions to create new awareness campaigns and programs to combat obesity in society. By understanding how these tangible possibilities can stem from society’s enthrallment with popular television, it is clear that these theories have pros and cons about them. While it is good that a high degree of followers for a particular television program can spur social change, it is also dangerous that neoliberalism can make it seem a social issue is less widespread than it truly is. Question 2b According to Stuart Cunningham, the public sphere is a symbiotic place for free debate within the constraints of society. The... According to Stuart Cunningham, the public sphere is a symbiotic place for free debate within the constraints of society. The purpose of a public sphere is to create an environment where issues, regardless of social class or community can be discussed. It is because of these public spheres that ‘public sphericules’ exist. Allowing for smaller sub-groups or diasportic communities to discuss issues pertaining to their needs, public sphericules can create awareness for issues that need to be brought to the center of the national forefront. While public sphericules are the catalyst for an increasing debate in community-specific issues, there can be difficulty in relating these specialized ideas back to the mainstream of national public thought and opinion. An example of this theory in action can be seen in the movie, â€Å"Slumdog Millionaire.† The plot of this film concerns a young Indian man who was raised in the slums of the county. With the chance of a lifetime to be on the show, â€Å"Who Wants to be a Millionaire,† the young man wins the monetary prize and finds himself with more money than he could ever imagine. In translating this idea to public sphericules, we can see where the smaller community affected by the poverty in Indian culture strives to gain awareness for the problems this country is facing in regard to the abject living conditions of a large population of its citizens. Once this film became popular throughout America and entered into the national public sphere, society’s awareness.

Arizona Prop 200 Essay Example for Free

Arizona Prop 200 Essay As with any other impositions of the law elevated to the national government, there will always be a certain degree of advantages and disadvantages. In a specific aspect, implementing the Arizona Prop 200 will definitely change the economic processes of the US financial system.   Ã‚  Ã‚  Ã‚   The Arizona Prop 200 is an initiative which allows for a more strict process of requiring citizens to generate proofs of legitimacy of their citizenship. This equates to the right to vote and to acquire public benefits from different administration units. (Wikipedia, 2007). The main effect of the project can be seen in terms of financial considerations with respect to the actual expenditures of the entire federal government. Since there will be an increase in restrictions to sort out whether a particular person is a US citizen or not prior to be able to vote and get citizen benefits, there will also be an increase in expenses in order to adjust the budgetary allocation for the said government program. Doing some additional tasks and employing much more people in order to identify legitimate citizens will mean additional resource facilitation. Thus, allocation processes for the use of money will be altered.   Ã‚  Ã‚  Ã‚   In a positive perspective, it is also possible to maximize the route of budget allocation which should be granted to the public’s needs and welfare. Since there will be a very good way of identifying people who are eligible to receive the government benefits, sufficient financial amounts will be sustained in a very optimized manner. All the collected taxes will be used by people who are actual legitimate citizens of the United States. Aside from achieving financial advantages, it would also be fair for the actual tax payers to receive the benefits they are entitled to. References Wikipedia. 2007. Arizona Prop 200 (2004). Wikipedia-The Free Encyclopedia. Retrieved November 16 2007 from http://en.wikipedia.org/wiki/Arizona_Proposition_200_(2004).

Knowledge Carries An Ethical Responsibility Philosophy Essay

Knowledge Carries An Ethical Responsibility Philosophy Essay We began collecting new information from the day we were born through various ways of knowing such as emotion and perception. This is because we want to learn about life and we do this by interpreting the knowledge that we possessed and possession is the state of owning something. At first we may not know or care what the knowledge that we possess carries and we continue to live our lives without knowing what they are. But as we grow in age, we may begin to question ourselves are we free to own this knowledge? Then questions may appear in our brains about the duties of carrying such knowledge and are we obligated to act upon the things we know? Does the possession of any type of knowledge carry an ethical responsibility? I agree on the claim to be reasonable that the possession of knowledge carries an ethical responsibility. Knowledge carries an ethical responsibility. My thesis is that our knowledge is interpreted from things that are representative of our social values, therefore k nowledge comes with a certain level of responsibility accordingly to the social values. I believe ethics and moral are quite different, ethics is the standard behavior expected by a group for example the society. According to Albert Schweitzer, The first step in the evolution of ethics is a sense of solidarity with other human beings, solidarity is the bond shown by a society with people and those around them. We act because there is integration between us and those around us. If one holds the knowledge to another persons life, he/she is obligated to act upon it because of our social values. It is not ethical to watch the world burn if knowing you have the ability to stop it. But I will go into the knowledge issues that derive from this claim, in order to evaluate the ethical responsibility of knowledge in different Ways of knowing and Areas of knowledge. If one should take their own ethical responsibility for their knowledge then would a primary educated person measure the same standard of ethical responsibility as a professor? Should these ethical responsibilities be a fixed standard value or a scale standard value? The measurement of ethical responsibility should not be a fixed standard value because we perceive the values of the society differently but as soon as the knowledge is directly affecting someone else, regardless of it is positively or negatively, there should be a scale standard value. I am 18 years old and I am a heart transplant recipient. I am very thankful for organ donors. 4 years ago, I was diagnosed with a heart failure and in 2008 I was put on to the heart donation waiting list and for the whole year I was on the brink of death. But a family unknown to me agreed to donate an organ of their family member who had been in a very deep coma. That person has a small chance to wake up from the coma and reunite with his /her family. However, the family decided to give the patient a peaceful death and they pulled the plug. The family had the choice of donating the organs or not. Looking back at the knowledge question, does the possession of knowledge that can save lives of many people carry an ethical responsibility? In this case, the claim depends on the nature of the knower, they donated the organs to those who are in need because they think they are ethically responsible to help the society. They placed social value higher than the small chance of their family member waking up. They acted as a utilitarian, maximizing the happiness in the society on the consequences of their actions; therefore the family believed it is the right thing to do. However, if we are to look at this case with divine command theory where all morality is dependent on the will of God, the whole stand point in this case changes. Because at the very beginning, pulling the plug is an act of murder and it is against Gods will, therefore it is morally incorrect to do so, even though you know the result could save lives and the knower will not see the need of ethical responsibility. At the center of this questions lies the different ways of knowing. As we learn in life, we also start to identify and distinguish that what is ethical and what is not in our society. Some we accept without doubt, just as we did when we our parent told us that stealing things which do not belong to us is wrong or teachers telling us that cheating in an exam or test is not acceptable. We learn what knowledge carries ethical responsibility from authority figures because these authority figures are respected as we believe they are more experience and knowledgeable than us. But do these authority figures like scientist or a literature writer carry a higher responsibility than a normal person? I would argue that everyone should take their ethical responsibility of what they know or have done, therefore scientist or literature writer should take a higher responsibility because they are doing something that is influencing the society. But there is independence between knowledge and ethics. It is more of what ethics relies on. It can be argue that the responsibility of ethics relies on the ethical principle. For example if killing people in any situation must be wrong, then why do countries still have death penalty? What is the ethical responsibility in natural science? There was a very interesting movie released in the year of 2005 called The Island where groups of cloned humans are held captive in an isolated compound and they were told that the outer world is too contaminated for human to settle in. Every week the compound staffs will harvest the clones organs for the people in the outer world who are willing to pay for the organs. If this scenario was real life, where would the ethics in this natural science of cloning in this scenario be? The buyer is of course suffering from an organ failure and is in need of an organ, the buyer knows the organ is harvested from his clone, what is the ethical decision and responsibility in this? If we are to look at this at a social stand point, it is definitely wrong to do such thing, although it is a clone, our social value sees that killing another human for your own needs is unacceptable and should be punished but the knower, the buyer may not see the same because his ways of knowing is different to the society and the way he/she see the ethical responsibility will be different. The biggest WOK in this is the emotion, the person is buying organs because of his strong emotion to live on and he would reason that the clone is a clone of himself and he may not see the responsibility in this case of action. I believe that in natural science, the need of ethical responsibility is more significant than in other area of knowledge. Ethical responsibility in other Areas of knowledge can be a must have, such as business in human science where ethical responsibility is equally needed. If a business knows chemical wastes are being produced during the production of their products, do they have the responsibility to clean up the waste caused by them? There are responsibilities when it is directly affecting the society, this is why there are laws and restriction restraining how much pollution the business can cause, but it does not force the business to clean it up completely due to economic issues, but the business holds the final decision whether it should act ethically and clean everything. Again this depends on the owner of the business, the knower, to decide where he/she should act upon this. If he does, people may view the business as an ethical company, thus increasing the business image. Therefore, the business must have the ethical responsibility to not over pollute the environment but after that, the respons ibility helping the environment depends on the knower. To bring in some conclusions from the above arguments, should the possession of knowledge carries an ethical responsibility? Ethics is the standard behavior expected by the society and it makes our moral principle. Ethical responsibility is the principle that is restraining us from doing a certain things that would affect the order of the human society as a whole. So I agree on this claim to be reasonable that the possession of knowledge carries an ethical responsibility but there should not be a fixed standard to measurement these responsibilities.

The Makeover Beauty Salon Marketing Essay

The Makeover Beauty Salon Marketing Essay Introduction The Makeover Beauty Salon is a beauty salon that aims at rendering maximum customer satisfaction by providing the best service, using high quality products, and building a pleasant environment at an affordable price, to meet the needs of customers of all social status. I am the owner of The Makeover Beauty Salon and I perceive an unsatisfied customer need for a low-cost salon that provides maximum flexibility and great customer attention. Using this strategy, The Makeover Beauty Salon will gain much reputation and create long-term relationships with its customers. The Makeover Beauty Salon is the only area salon to be online and fully automated and will have the most aggressive marketing campaign of any other area salon. The Makeover Beauty Salon will target two different market segments: Youngsters will typically make up 70-75% of the clientele.   Young mothers with children.   http://www.bplans.com/hair_salon_business_plan/images/bc49aab41b914ef99dca65af1ff71a82.png Future Opportunities The main segment of the population that is targeted by the salon is the younger generation, which is the youth. It has been noticed that adolescents like different and new looks, which are apart from others. They like to look very special and The Makeover Beauty Salon has all the means to satisfy the needs of the main targeted group. This opportunity will be researched and developed on a trial basis. For example, every weekend, people can go to the salon and i will do their makeup or hair. If successful, it could become a major new source of income without creating the need for additional staff or production space. The management team of The Makeover Beauty Salon I will be the only manager of the salon. I will have as assistant, Miss Shazia. The latter takes the responsibility of supervising the workers when I will not be present at the salon. Miss Shazia has a degree in management of salon and she has two years of experience from another salon. I have also appointed two caretakers, Mrs Aisha and Miss Dolly, who will take care of customers children when the customers will be pampering themselves. Growth opportunities improve employee retention within our industry. The salon acknowledges the need for growth of the individual. II The Business The company After a tedious search for a suitable place for the salon, finally one was found at the centre of the island. The location of the salon would be perfect, as it can welcome customers from all over Mauritius. The exact location is in the centre of Curepipe. The recently completed highway in the surrounding offers  hundreds of thousands of local residents, shoppers from outside the area, and travelers that use this new highway.  With this high concentration of customers there  is no big and sophisticated salon in the locality. This is one of the main advantages of opening the salon at that particular location. Services and products offered The Makeover Beauty Salon is considered an innovating beauty salon which offers a wide range of services that include: Hair:  cuts, relaxers, perms, colors, shampoo, conditioning, curling, reconstructing, weaving, and waving Nails:  manicures, pedicures, polish, sculptured nails Skin Care:  European facials, body waxing, massage Makeup: bridal makeup, casual makeup, formal makeup, amongst others Service is offered on a walk-in basis or by appointment. The Makeover Beauty Salon will emphasize a customer-centric service where the customers needs are always the priority. The Makeover Beauty Salon will also sell hair care products, which is forecasted to account for about 15% of sales. These professional-quality supplies will include shampoos, conditioners, brushes, combs, and other styling aids. Company Overview The Makeover Beauty Salon is located in Curepipe and will offer affordable priced, convenient hair styling. The Makeover Beauty Salon will accept walk-ins as well as appointments for the entire family. The salon will grow its market share based on superior customer attention. The Salon is a family hair salon, also known as a quick hair salon and this new salon has everything to set up a new path and disguise people in an unexpected way. It is owned by Miss Chellen, who has recently returned from the United States, with innovative ideas, after advanced studies about the fashion and makeup line, and also in beauty salon management. Company Ownership The Makeover Beauty Salon will be entirely owner by me. I have done a degree in Beauty Salon management and a degree in General Cosmetology in the United States. I also worked in a salon for more than 5 years there. I have a very friendly approach in the salon and when I am tutoring. Salons motto: The trend begins here Vision Mission The Makeover Beauty Salons vision is to create a harmonious, productive, and profitable salon environment, supplying the community with Avon cosmetology. The mission statement is very clear: The Makeover Beauty Salon has been established to set a new path in the beauty line by providing an exceptional service which aims at satisfying people of all age. Through its services, the salon aims at exceeding customers expectations. Objectives To cater for the fast changing trends of makeup and hairstyles. To make people look more special and different from others. To supply services and products that enhances our clients physical appearance and mental relaxation. Keys to Success Set up the salon in a location easily accessible to everyone. The environment should be very appealing, friendly and relaxing. Try to be as innovative as possible in styles. Dare to try something new. Aim at complete customer satisfaction by offering the best service at affordable prices. The Makeover Beauty Salon can best be described as presently being in the business of cosmetology, education, and wellness. In recent times our key strengths have been customer service. The Makeover Beauty Salon will use automation to keep hold of clients. According to studies, it takes 3 times the amount of effort to attract a new client than the effort to retain a satisfied client. at present, 10% of all salons are automated. in the vicinity, 3 salons are automated and none use the technology to market and track clients. Automation is a key to growing and maintaining our target market. Goals and Objectives It is the goal of The Makeover Beauty Salon to provide the community with an institution of cosmetology that targets all socioeconomic standings and is a model for the industry nationally. Startup Summary After several months of search for a salon to purchase, the owner decided to start a salon from the ground up. The Makeover Beauty Salon will incur the following start-up costs: Computer with point of sale terminal. Computer with printer for back office. Five cutting stations, each station requires a barber chair, cabinet, large mirror, blow dryer, curling iron, electric razor, several pairs of scissors, spray bottle, two sided mirror, and assorted combs and brushes. Desk for reception area. Three couches for the reception area. Display shelf for sale of retail products. Assorted plants. Assorted toys for the children. Legal fees for business formation and generation/review of contracts. http://www.bplans.com/hair_salon_business_plan/images/6ff2aec4851d460cb0a964e4122e4fa2.png Startup funding Start-up Expenditure to Fund $2000 Start-up Assets to Fund $104,000 Total Funding Required $106,000 Assets Non-cash Assets from Start-up $8,450 Cash Requirements from Start-up $89,720 Additional Cash Raised $0 Cash Balance on Starting Date $89,720 Total Assets $98,170 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $40,000 Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $0 Total Liabilities $40000 Capital Planned Investment Chellen $100,000 Investor 2 $0 Other $0 Additional Investment Requirement $0 Total Planned Investment $100,000 Loss at Start-up (Start-up Expenses) ($1,100) Total Capital $98,900 Total Capital and Liabilities $104,000 Total Funding $106,000 Start-up Requirements Start-up Expenses Legal $1,000 Stationery etc. $100 Other $0 Total Start-up Expenses $2,000 Start-up Assets Cash Required $89,720 Other Current Assets $0 Long-term Assets $7,000 Total Assets $104,000 Total Requirements $106,000 III Management Team I will be working full time at the Makeover Beauty Salon. She will be in charge of all recruitment and training, purchasing, and retail sales. Apart from the assistant manager and the two caretakers, I will also employ a receptionist to  take care of all of the appointments as well as the people who walk in, and be responsible for the point of sale.  The receptionist will be paid an hourly wage. I even plan to hire some part-time hair stylists during wedding periods and the eves of festivals, which will operate on an hourly/commission basis.   I thought of using a partial commission basis to create incentives for greater customer attention. The better service employees provide to their customers, the greater customer satisfaction will be derived and the more money they will make off commissions. Miss Chellen will be pleased to pay for this type of performance. IV Organizational Structure The organisational structure of The Makeover Beauty The New Looking salon will be like a flat organisation structure. It is supervised closely by the founder. Thus, efficiency is maintained and so is the satisfaction of customers. The salon is structured as follows in the diagram below. Director Children Caretakers Manager of salon Assisstant Manager Part-timers Part-timers Part-timers Diagram 1: This represents the business structure. Intellectual Property The patent license, trademark and copyright agreements have already been applied for approval. V Industry Analysis SWOT Analysis Strengths à ¢Ã¢â€š ¬Ã‚ ¢outstanding location. à ¢Ã¢â€š ¬Ã‚ ¢Well-qualified employees with good hair cutting skills with a wide style collection, and Customer-focused business practices. à ¢Ã¢â€š ¬Ã‚ ¢A wide range of services offered. à ¢Ã¢â€š ¬Ã‚ ¢ Cutthroat prices. Weaknesses à ¢Ã¢â€š ¬Ã‚ ¢As a new entrant to the market, The Makeover Beauty Salon lacks brand equity that many other salons have gained over years of service. à ¢Ã¢â€š ¬Ã‚ ¢Large costs related with a start-up company. Opportunities à ¢Ã¢â€š ¬Ã‚ ¢A steady growing market that is traditionally unaffected by the economic environment. à ¢Ã¢â€š ¬Ã‚ ¢The ability to decrease marginal fixed costs as the customer base grows. à ¢Ã¢â€š ¬Ã‚ ¢Increasing sales opportunities as more people from an individual family visits The Makeover Beauty Salon. Threats à ¢Ã¢â€š ¬Ã‚ ¢Competition from already established salons. à ¢Ã¢â€š ¬Ã‚ ¢A change in traffic patterns as they relate to the mall where The Makeover Beauty Salon is located. The hair styling industry is highly divided with national chains, some of which operates diverse franchises catering to all the market segments, and also including thousands of mom and pop salons that are very limited in scale and services. This makes for an extremely aggressive market that has low barriers to entry and exit. Moreover, the customers of hair styling have considerable control due to the low switching costs they have. However, most companies have tried to pursue only one general strategy in gaining more reputation. The Makeover Beauty Salon is of the view that that it is possible to offer a differentiated service through superior customer service at no greater considerable cost if the right employee incentives are provided. With this strategy in mind, the salons purpose is to boost the number of clients served by at least 30% per year. Target Market The Makeover Beauty Salon will be targeting two different groups of customers, but will lay more emphasis on the youths. It will work hard to distinctly appeal to each of these groups. By focusing on more than one group, the salon is minimizing its risk that in a downturn one group will negatively affect the company. Market Segmentation The Makeover Beauty Salon will target three different market segments: Youngsters will normally make up 70-75% of the clientele, as they are very conscious about looking good, having perfectly trimmed eyebrows and they like to keep changing their styles regularly. Young mothers with children. Most young children are notoriously difficult when it comes to getting haircuts. A family style salon is a more laid-back place that allows the children to play while they are waiting and then will work with the parents in calming the kids nerves when they are ready for their shearing. Target Market Segment Strategy The Makeover Beauty Salon will target each of the two groups separately. The youngsters will be pampered in a very bright, appealing, colorful and attractive atmosphere. Employees will use the latest equipment available with them, which would suit their preferences and with which they will feel at ease. The Makeover Beauty Salon will also  target mothers with children by offering the kids toys to play with while they wait and child-friendly hair stylists. Moreover, children will receive a special rate reflecting the fact that childrens hair grows so fast that it can be costly to keep up with regular cuts, as well as the recognition that it generally takes lesser time to cut a childs hair so it should be naturally less expensive. Competition and Buying Patterns The Makeover Beauty Salon competitors include: Traditional barbers. They do not work on appointments as it offers an open door service. While barbers are willing to give you whatever cut you want, they are generally providing straight forward haircuts, typically on the conservative side. The advantages of a barber are they are low-cost and easy to use. Their disadvantages is often conservative styling capacities, sometimes a long wait as the barber may be an old timer who enjoys to chit chat. Franchised quick salons.   An example of this would be Supercuts or Best Cuts. In essence this is a franchised version of The Makeover Beauty Salon. The advantage of this style is the store will be the same from location to location and some people like this predictability.   Independent salons. These salons typically focus on a specific niche and do not serve a large group of customers. The advantages to these could be an independent salon that caters for all of your needs. The disadvantage is that because they tend to be more focused, more often than not this type of salon will not offer exactly what  customers are looking for. Competitive Edge The Makeover Beauty Salon aims to be very different from the beauty salons which offer only one or two services. From surveys, it has been concluded that customers often get frustrated as they have to get their hair done at one place and facial and makeup done at another place. This becomes very annoying for clients as they have to travel a lot and it is tiresome as well. Therefore the Makeover Beauty Salon plans to offer all these services under the same roof. As such, clients will be more at ease to make themselves beautiful. There exist several salons that are already proving the same services as the Makeover Beauty Salon, but they charge very high prices which everybody cannot afford as these salons are situates mostly in towns, where high rent have to be paid. Therefore, to attract the maximum number of customers, the Makeover Beauty Salon plans to offer better quality service than the other salons, but at affordable prices so that everyone can afford making then look beautiful, especially the youngsters, as they are the one that the salon is targeting at. Basically the atmosphere prevailing at the Makeover Beauty Salon will be very cozy and relaxing, where clients would love to be pampered. A welcoming drink will be served to clients as they enter the salon they can chose amongst tea, coffee, juice, soft drink. A television will be located in the waiting room and a radio in the hair-drying area, as this may take some time. VI Marketing Plan Marketing Strategy The Makeover Beauty Salon has a very simple marketing strategy: satisfying its clients. Miss Chellen is of the view that when a customer leaves her salon, he/she should have a new look which would be perfect for the occasion the latter would be attending, and the latter should also be representing the Makeover Beauty Salon through his/her makeup and hairstyle the client should be a medium of portraying the salons qualities, service and image. Miss Chellen has no plans to advertise her new salon. According to researches, a satisfied customer is able to influence 11 14 people positively. Therefore, the owner of the salon is of the view that its the satisfied customers that will bring new customers to her salon and her business grows. She has, in her mind, a strategy to reward her potential clients who are able to attract new customer into the salon. Sales Strategy The Makeover Beauty Salon sales approach will be based on exceptionally professional communications with the customer. Normally the quick salons lay emphasis on being quick and inexpensive, often at the cost of customer service. Anytime that a potential customer will talk with someone at the Makeover Beauty Salon, the owner/employee will have an opportunity to impress the customer. Employee training will emphasize seizing these opportunities. The Makeover Beauty Salon will also have the chance to increase sales of its retail hair care products every time it has a customer in the chair. The Makeover Beauty Salon offers interesting discounts on the hair care products for employees to use these products, so that they can explain to the customer about their personal experiences. Additionally, the Makeover Beauty Salon offers a product-based commission structure for the hair care products where they give away the product to the employee for commissions for selling the items to their customers. These personal testimonials and commission structure will allow  the salon to generate good sales from the retail hair care products. Sales forecasts The first diagram above depicts the first years forecast of the Makeover Beauty Salon sales. In the first 4 months, sales will be very steady as the salon will experience new customers, who will get to know about the services that the salon offers. During the subsequent months, an increase in all the services offered is expected, as the customers will be satisfied with the service of the salon. Sales Forecast Year 1 Year 2 Year 3 Sales Youngsters $20,150 $35,260 $41,100 Women with small children $2,015 $3,526 $4,110 Retail hair care products $29,225 $32,975 $40,500 Total Sales $51,390 $71,761 $85,710 Direct Cost of Sales Year 1 Year 2 Year 3 Youngsters $2,600 $4,750 $4,900 Women with small children $260 $475 $490 Retail hair care products $14,500 $26,000 $27,500 Subtotal Direct Cost of Sales $17,360 $31,225 $32,890 VII Operation Plan Facilities The salon will be offering home styling and makeup for brides or any other special weekends, but for that, an appointment is compulsory this should be done at least 3 weeks before the due date. Potential clients will not be charged with the travelling costs. Hours of operation The salon will be open week from 8 am to 5pm on Monday to Saturday. However, on Saturdays and public holidays, it will be opened from 10 am to 1 pm. Employee Training Education Employees will be trained not only in their specific styling duties but in the philosophy and applications of our concept. They will receive extensive information from the owner and be kept informed of the latest information concerning styling and makeup applications through continuous training. Systems Controls A big emphasis is being placed on extensive research into the quality and integrity of our products. They will constantly be tested for our own high standards of effectiveness and professionalism. Cosmetic products costs and inventory control will be handled by our computer system and checked daily by management. Facilities The salon will be offering home styling and makeup for brides or any other special weekends, but for that, an appointment is compulsory this should be done at least 3 weeks before the due date. Potential clients will not be charged with the travelling costs. Hours of operation The salon will be open week from 8 am to 5pm on Monday to Saturday. However, on Saturdays and public holidays, it will be opened from 10 am to 1 pm. Employee Training Education Employees will be trained not only in their specific styling duties but in the philosophy and applications of our concept. They will receive extensive information from the owner and be kept informed of the latest information concerning styling and makeup applications through continuous training. Systems Controls A big emphasis is being placed on extensive research into the quality and integrity of our products. They will constantly be tested for our own high standards of effectiveness and professionalism. Cosmetic products costs and inventory control will be handled by our computer system and checked daily by management. VIII Financial Plan Start-up Funding Start-up Expenses to Fund $1,817 Start-up Assets to Fund $60,600 Total Funding Required $62,417 Assets Non-cash Assets from Start-up $60,100 Cash Requirements from Start-up $500 Additional Cash Raised $0 Cash Balance on Starting Date $500 Total Assets $60,600 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $61,917 Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $0 Total Liabilities $61,917 Capital Planned Investment Owner $500 Investor $0 Additional Investment Requirement $0 Total Planned Investment $500 Loss at Start-up (Start-up Expenses) ($1,817) Total Capital ($1,317) Total Capital and Liabilities $60,600 Total Funding $62,417 Important Assumptions The following section will detail important Financial Assumptions. General Assumptions Year 1 Year 2 Year 2 Plan Month 1 2 3 Current Interest Rate 10.00% 10.00% 10.00% Long-term Interest Rate 10.00% 10.00% 10.00% Tax Rate 30.00% 30.00% 30.00% Other 0 0 0 Projected Cash Flow The cash flow depends on assumptions for inventory turnover, payment days, and accounts receivable management. Our projected same-day collections are critical, and are reasonable and customary in the salon industry. We do not expect to need significant additional support even when we reach the less profitable months, as they are expected. http://www.bplans.com/hair_salon_business_plan/images/d5e510e0cfe04c2484123f1575a810dc.png Projected Cash Flow Year 1 Year 2 Year 3 Cash Received Cash from Operations Cash Sales $277,143 $504,802 $525,337 Subtotal Cash from Operations $277,143 $504,802 $525,337 Additional Cash Received Sales Tax, VAT, HST/GST Received $0 $0 $0 New Current Borrowing $0 $0 $0 New Other Liabilities (interest-free) $0 $0 $0 New Long-term Liabilities $0 $0 $0 Sales of Other Current Assets $0 $0 $0 Sales of Long-term Assets $0 $0 $0 New Investment Received $0 $0 $0 Subtotal Cash Received $277,143 $504,802 $525,337 Expenditures Year 1 Year 2 Year 3 Expenditures from Operations Cash Spending $251,600 $275,200 $279,200 Bill Payments $101,816 $172,090 $181,489 Subtotal Spent on Operations $353,416 $447,290 $460,689 Additional Cash Spent Sales Tax, VAT, HST/GST Paid Out $0 $0 $0 Principal Repayment of Current Borrowing $0 $0 $0 Other Liabilities Principal Repayment $0 $0 $0 Long-term Liabilities Principal Repayment $0 $0 $0 Purchase Other Current Assets $0 $0 $0 Purchase Long-term Assets $0 $0 $0 Dividends $0 $0 $0 Subtotal Cash Spent $353,416 $447,290 $460,689 Net Cash Flow ($76,273) $57,513 $64,648 Cash Balance $20,307 $77,820 $142,467 Projected Balance Sheet of The Makeover Beauty Salon Year 1 Year 2 Year 3 Assets Current Assets Cash $20,307 $77,820 $142,467 Other Current Assets $0 $0 $0 Total Current Assets $20,307 $77,820 $142,467 Long-term Assets Long-term Assets $7,320 $7,320 $7,320 Accumulated Depreciation $1,464 $2,928 $4,392 Total Long-term Assets $5,856 $4,392 $2,928 Total Assets $26,163 $82,212 $145,395 Liabilities and Capital Year 1 Year 2 Year 3 Current Liabilities Accounts Payable $11,945 $14,341 $14,968 Current Borrowing $0 $0 $0 Other Current Liabilities $0 $0 $0 Subtotal Current Liabilities $11,945 $14,341 $14,968 Long-term Liabilities $45,000 $45,000 $45,000 Total Liabilities $56,945 $59,341 $59,968 Paid-in Capital $60,000 $60,000 $60,000 Retained Earnings ($1,100) ($90,782) ($37,130) Earnings ($89,682) $53,652 $62,557 Total Capital ($30,782) $22,870 $85,427 Total Liabilities and Capital $26,163 $82,212 $145,395 Net Worth ($30,782) $22,870 $85,427 IX Critical Risk factors Management Risks: It can be considered the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate event or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures and legal liabilities in the Makeover Beauty Salon. Other potential Management risks may be: Defective products/services. Health and safety incidents. Faulty equipment.(e.g. damaged wires or sockets) Environmental risks (e.g. noise pollution and the use of eco-friendly product) Technological obsolescence. Theft of assets Marketing Risks: Marketing is a risk and you cant go on happily thinking that whatever youre doing is working for the best of the organization. By the time you do so, the market will have shifted from under your feet. Some marketing risks may be: Government action ( pass law to limit the time for using salon till late night) Rival (imitation of ideas is done quickly by competitors) Operating Risks: It is a risk arising from execution of a companys business functions. As such, it is a very broad concept including e.g fraud risks, legal risks, physical or environmental risks in the Makeover Beauty Salon. Other forms of operating risks may be: the type of product received from suppliers the neighbourhood problem which can halt work the defect that hairstyle is not done according to customer wish regulation which employee dont accept culture for where on a day some worker have to leave for prayer Financial Risks: It is basically any risk related with any form of financing. Risk is probability of unfavorable condition; in financial sector it is the probability of actual return being less than expected return for a business company. Intellectual Property Infringement: It is the infringement of an intellectual prop

The Issues of Neglected Children Essay -- Child Abuse Neglect Childhoo

The Issues of Neglected Children â€Å" â€Å"Child†: means a boy or a girl apparently or effectively aged less than eighteen years† (Van Stolk 146). â€Å"Rich kids, middle-class kids, poor kids - all deal with risk and neglect on a scale unimagined in previous generations† (Hewitt 11). There are problems of poverty, absentee parents, divorce, violence and drugs, plus much more that is simply out of hand. Deprivation and rejection dominate the lives of many children, among both poor and middle-class. We cannot ensure the safety of children on the streets or in our homes. On the educational front the news is even more disturbing, since underachievement and failure are now very popular. Something else that contributes to child neglect is a fast rate of family breakdown. This is an effect of divorce and rapid increase in single parent pregnancies. Couples marrying today face an even higher chance of divorcing at some point during their lives together. â€Å"A family’s deterioration can come about in ways other than separation† (Wilson 50). Staying together, in certain conditions and situations may increase further economical or psychological problems that may affect the child. Social attitudes today are scarcely more tolerant. â€Å"With the ratio of one divorce in four marriages moving towards one in three, we have been forced to look beyond those unexamined assumptions to asses realistically the changing role and changing needs of the family in Canadian society† ( Canadian Council 28). For women, and their children, divorce can often put severe economic hardships on them. Another part of family breakdown can occur when the absence of a male presence or male support to single mother families. â€Å"In the years following divorce living standards for ex-wives drop by an average of 30 percent while those for men rise an 8 percent† (Hewitt 41). Although babies from teenage girls have declined, the unmarried single parent teenagers who have children has risen rapidly. â€Å"There are now close to half a million live births to unwed teenagers every year† (Hewitt 41). The children in our society are defined by their dependent status. â€Å"From birth, to early adulthood, children must look to others to provide the adequate and dependable economic support required to meet their needs† (Canadian Council 21). Even in early childhood, they cannot support themselves and even if th... ...ore worth doing than easing the pain and improving the life chances of vulnerable, blameless children† (Hewitt 283). We need to invest in our children to save ourselves from further disaster. An additional distinctive character, is if we revise our civil policies so that children may prosper, it will greatly improve the economic status of women. â€Å"Enhancing and enforcing child support awards eases the lives of the children of divorce but also bolsters the standard living of ex-wives; mandating parental leave improves life circumstances of infants but also protects the earning power of women and reduces wage gap..† (Hewitt 282). â€Å"If we fail to look after our children they will drag this nation down† (Hewitt 10). Bibliography: 1. Canadian Council on Children and Youth. Admittance restricted: The child as citizen in Canada. Ottawa, Ont. , c1978. 2. Hewitt, Sylvia Ann. When the bough breaks: the cost of neglecting our children. New York, New York. 1987. 3. Van Stolk, Mary. The battered child in Canada. Rev. ed.Toronto, McClelland and Stewart, c1978. 4. Wilson, Jeffrey. Up against it : Children and the law in Canada. Toronto, Anasi. c1980.

The Importance of Literary Trash :: Personal Narrative Essays

The Importance of Literary Trash I've heard it said that the goal of "serious literature" is to illuminate the human condition. If that is the case, the error of serious literature is that it is far too simple-minded and attempts to illuminate the human condition by portraying it directly. The great strength of myth, legend and their modern-day successor trashy genre fiction is that they don't just show us the human condition, but interpret, highlight and contrast it by showing us the larger than life symbols. The courage and romance that allows us to survive and to savor daily life are the core of myth and genre. There they are made larger than life and inspire us to aspire to a greatness that goes beyond simple daily experience. The other failing of modern "serious literature" is the failing of all modern art: art for art's sake. Modern art far too frequently is nothing more than the artist showing off the techniques they would use if they were ever to create a true work of art. And so we see the sense of color that they would use if they ever a picture and so on. Technique becomes all important and content is eschewed as distracting from the true art, meaning the simple skills and techniques. An irony of this great "art for art" mistake is that one of its first and most eloquent spokesmen, Theophile Gautier, put forth his position in the introduction of his romantic novel "Mademoiselle de Maupin", whose title character whose adventurous life would make a rip-roaring and thoroughly trashy adventure novel, if only the author had wished to actually tell a story. Jessica Amanda Salmonson, in her introduction to "Amazons II", gives us a two-page summary of the life, loves, and adventures of the historical "La Maupin", actress, duelist and lover that is both exciting and tantalizing, and which has at least as much plot in its 2 pages as Gautier's novel. Stephen Donalson claimed at the second World Fantasy Convention (or was it the third?) that he never read any non-fiction because all of the great insights that people told him they got from non-fiction works he had found long before in fictional tales. From context, it was clear that much of that fiction was fantasy and science fiction. While I won't go as far as Donalson, his point is similar to my own.

Police and Gratuities: The Slippery Slope Essay examples -- Ethics, L

Gratuity Something given voluntarily or beyond obligation usually for some service. (Dictionary, 2010) When does a cup of coffee become a gratuity for a police officer? What is acceptable and what is not acceptable? If a police officer takes a free cup of coffee or a half priced meal does that make him vulnerable to take more. Does that act make the officer a bad officer or a corrupt officer? Does the person giving the gratuity expect something in return or is it just a gesture for the work the officer is doing? Almost every police department has a policy on the acceptance of gifts and gratuities for the officers and the department. Some police departments allow no gifts or gratuities and some may have a policy that states as long as one person is not the recipient and it is available to the whole department then it is acceptable. How does a police department come up with a policy the does not create animosity toward the department from the public that wants to give to them for the services that they provide with no strings attached. You have some business that want to give money to a police department that needs to buy equipment for the officer on the street. Do you tell the business person that you can’t accept the money and that the officer will have to do the best that they can. No, I think when it comes to a safety issue and the gift is not for just one person the department will come out in the good end. Agencies can develop a gratuity policy by seeking the help of many officers and local business owners and by reviewing established policies in other jurisdictions. Such a policy should tie directly with modern law enforcement's strict code of ethics regarding financial gains or rewards. (Sewell, 2007) The slippery... ...cal issue? The caliber of officers that are coming out of the police academies these days are top notch and most police departments have the safe guards in place to keep officers from sliding down the slippery slope that would damage the confidence that the public has in the department. In the end gratuities, gifts and corruption will be a part of the police world as it has been from the beginning of the police community. It is incumbent upon the officers and the administration to keep the checks and balances in place so as not to damage the imagine of the police department and the city. Works Cited Dictionary, M.-W. O. (2010, June 16). Merriam-Webster Online Dictionary. Kleinig, J. (1996). The Ethics of Policing . Cambridge, UK: Cambridge University Press, ). Sewell, C. (2007, Apri). Gratuities. FBI Law Enforcement Bulletin, 76(4) , pp. 8-12.

How Do You Account for the Rise of the Born Global Essay

Since 1980s, along with the development of economic globalization, there is a new form of enterprise internationalization in the global range which called Born Global enterprises. This type of firm normally engages in significant international activity and promptly starts penetration to the international market from its establishment. But more remarkably, those Born Global firms get involved in international market and participate in international competition without any previous experience. The first purpose of this paper will focus upon the explanation of the reasons for the rise of Born Global based on relevant theoretical studies and characteristics. The second section of this paper provides a selective example of Chinese Born Global firms which focus on explain and analyse the reasons for emergence of Born Global phenomenon and assess the influence and benefits to the development of internationalization on Chinese small and medium-sized enterprise( SMEs). An Explanation of Born Global Characteristics based on Typical Examples The Born Global firm is defined as â€Å"a business organization that, from inception, seeks to derive significant competitive advantages from the use of resources and the sale of outputs in multiple countries† (Oviatt and McDougall, 1994, P. 49). While Knight and Cavusigil (1996) think Born Global refers to those small technology oriented business that engage in operating international markets since it has been in early stage of being established. Therefore, from the stated definitions above, we can get basic characteristics of Born Global. Furthermore, there is a variety of reliable samples for Born Global which reveal that the typical characteristics of Born Global. For instance, History and Heraldry is an England company that specializes in gifts for history buffs and those with English ancestry. History and Heraldry was selling in 60 countries, with exports generating about 70% of total production. The biggest markets the firm target in are France, Germany, Italy, Spain, and the United States (Cavusgil and Knight, 2009). Another example, Cosmos Corporation Inc. s a young company in US that produces telescopes and various optical devices. Cosmos has begun selling its products in Japan and Europe since it has been founded for a few years. Moreover, the firm had expanded its scales to 28 countries around the world soon after that (Knight and Cavusigil, 2009). Thus, from previous examples, we can see that companies conduct international business at or near their founding and have engaged in international business throughout history and gain competitive advantages by seeking a wide range of resources located around the world. Furthermore, Born Global firms are characterized by limited financial and tangible resource. The Reasons for the Rise of Born Global Since the early 1980s, international business rapidly developed which is initially facilitated by the globalization of markets. Historically, the most internationalization business appeared in advanced-economy countries such as North America and Europe, Japan. However firms today increasingly target emerging market, such as Brazil, China, India, Mexico (Wall, Minocha and Rees, 2010). As there are substantial market opportunities even in developing countries, meanwhile companies seek growth via market diversification and gain economies of scale in production and marketing, basically most Born Global firms achieved considerable success in international business early in their development. In the last decades, internationalization was in the field of large multinational enterprises (MNEs), however, globalization trends and high technology have facilitated the emergence of born global firms in recent years. The appearance of plenty of Born Globals helps to reshape the global economy; these firms tend to be formed by entrepreneurs with a strong international outlook and managers regard the world as their marketplace, normally emphasize international market skills. Integration and growing interdependence of national economies have both facilitated. In addition, the national governments tend to reduce trade and investment barriers also facilitated the internationalization of more firms. Therefore, the emergence of Born Global firms becomes an important trend. Secondly, the modern information technology is essentially making company internationalization cost-effective. The internet provides databases, references, and private system which rapidly increased the ability to internationalize and target numerous countries simultaneously (Zou and Cavusgil, 2002). Thirdly, enterprise founders have strong entrepreneurship; this is an important reason for the rise of Born Global enterprises. As the enterprise will face more risks and uncertainty than the omestic market when it enters into international market, therefore, only those with strong entrepreneurship will take risks of internationalized operation and seek various resources to create competitive advantages, and realize international strategy. Again, Enterprise management team with sufficient international management experience and knowledge lay the foundation for the rise of Born Global. Moreover, this would relatively reduce the risks and uncertainty for entering the international market which improve the success probability of international business. Meanwhile, those entrepreneurs are more confident for internationalization, therefore it is naturally for such enterprises choose involved into international market after establishment. Finally, the diversification of products and markets create advantages for the formation of Born Global enterprises (Andersson and Wictor, 2003). Along with the development of economic globalization, the consumers’ demand trend to homogeneity in the world region which makes easier to sell the same products in different countries and regions. The Reasons for Emergence of Born Global Firms –Taking China as an Example There is an example of Zhejiang Born Global firms which indicates the motives of Born Global enterprises. Yang (2007) thought that the entrepreneurship, organizational learning and the enterprises network are the initial causes. Zhao (2004) demonstrated the importance of the global economy, niche market, technology improvement, and the implicit sensitivity. Comparing with the Born Global firms oriented high technology abroad, most Zhejiang Born Globals focus on the traditional industry because of their traditional inheritance. Basically, the motives of Zhejiang Born Global firms is attributed to the unique entrepreneurship, the network of business globally, the precise niche market, and technological development. Firstly, Zhejiang is famous for its private economy in its inception and booming stage, and the innovation is key factor of the Zhejiang entrepreneurship. Moreover, the core competency of Zhejiang is being good at seeking market opportunity and starving for change which create advantages for the formation of Born Global. Above all, the entrepreneurs are scattered in government administrative departments, private owned firms who are talents for Zhejiang economic development, so as lead the small and medium-sized born global enterprise. Secondly, the niche market is crucial for the Zhejiang born global enterprise (Robinson, 1986). As limited natural resource and size, it is difficult for Zhejiang small and medium-sized enterprises to compete with the large scale rivals. Therefore, they normally choose niche market at the early stage and concentrate on international market, then expand their market frontier, afterwards build the competitive barrier, and finally, achieve competitive advantage in global market by stages. Most importantly, these firms focus on the specific industry and reply on the persistence to obtain the profitable market gradually. Thirdly, the previous international management background is very helpful for the Born Global enterprise. Once the firm gets involved into international markets and obtain much international experience, they start to employ top foreign talents to conduct research and development in order to extend the global market within expected period. On the other hand, Zhejiang government provided favorable policy to encourage and attract overseas to start their business in Zhejiang during the last decades, which ensure the firms booming in the international market rapidly. Finally, the Zhejiang Born Global enterprise is famous for its extensive enterprise network which refers to interpersonal relationship (Freeman, Edwards and Schroder, 2006). This kind of relationship network promotes their business. For instance, after contacting with Wenzhou businessman who has settled down abroad, Wenzhou lighter will march into international market and get the most shares in light industry soon, which makes the company dominate comparative advantages over the rivals. Furthermore, Zhejiang Born Global enterprises normally set up overseas industries zone led by powerful firms and attract other enterprises to settle down in order to avoid the marketing risk. However, the Zhejiang Born Global enterprise not only makes full use of current network, but also develop new network to make the global network perfect. Therefore, the more extensive network they have, the more resources they share. Conclusion With the further development of opening up and reform policy, more and more Born Global enterprises have been found in China and many other countries and regions. It is of practical significance to study the characteristics and the reasons for the emergence of Born Global phenomenon, which provide eference for small and medium-sized enterprises (SMEs) to march the international markets. Furthermore, along with economic globalization and marketing integration, the Born Global enterprises, emerging as a new kind of enterprise, have become popular and attractive recently. Based on the explanation and analysis of Born Global phenomenon above, the main forming reasons of the Born Global including entrepreneurship, niche market, international management experience, and extensive enterprise network. There are crucial factors for the rise of Born Global. China has joined the WTO, economic globalization, consumption personalized and the development of information communication technology which are indicating the business opportunities for small and medium-sized enterprises internationalization. In addition, Chinese government officials and departments are beginning to make policies for supporting the small and medium-sized enterprises (SMEs) internationalization in order to encourage the SMEs engaging in international competition and improving the international competitiveness.

Importance of Friends Essay

â€Å"The silver friend knows your present and the gold friend knows all of your past dirt and glories. Once in a blue moon there is someone who knows it all, someone who knows and accepts you unconditionally, someone who is there for life.† This is a quote I read once in an article by Jill McCorkle in my cousin’s house. McCorkle’s description of a â€Å"gold friend† describes a friendship that I have with a group of girls who mean the world to me. These friends are the pearls of my life. This word bears its great meaning to me and only to those who could understand the greatness of its meaning. It’s something sacred, it needs to be cherished and build up for many years with much care. It’s a complex, magical process, which must contain fluid that will start spinning the wheel. Let me tell you something about my friends.When I was a freshman in high school, I became friends with these girls-Guia,Krisha, Carla, Magz, Cj, Jian, and Chantel. Since the beginning of that year, we have all been best friends. There were many times we rode around together. However, this particular Jeep ride was very significant because I realized what friendship is all about. One Tuesday night, we all went to Greenwich in SM, except Chantel, and eat there with the parents of Guia because it was the celebration of her birthday. This experienced will remain and will never be erased from me because it was one of the happiest things that had happened to me. Friendship like ours was something many people had never experienced. To me, the significance of our relationship is a unique bond that I feel with these ladies. They are like sisters that God did not give me. They have been there for me at times when my world was falling apart. As I finally drifted off to sleep that night, I thanked God for allowing me to have them in my life. These eight girls, including RIchel of course, have been my guardian angels. I have always been able to count on them, no matter what the situation is. They have helped me face the next day when I did not know if it was possible. We have been through everything; we have laughed, cried, and then laughed at ourselves for crying together. There have been many times when I have been lonely and I reminisce back to the experiences I had with them. It reminds me that there are people who care about me and accept me for who I am. A true friendship is a magnificent thing and as Talbot Jennings said â€Å"Friend is the finest word in any language. Life without friends is a life I could not imagine.

Trail of ghenus khan

Mr.. Genesis Khan not being civilized, I believe that the Mongol Warrior (Adam) helped bring out the fact that Mr.. Khan was Indeed innocent of this accusation. This Mongol warrior brought forth the fact that they did indeed give the civilizations a chance to surrender to the Mongols. The Mongol warrior also acknowledged the laws that Mr..Khan had made, (This was backed up by the Historian Javelin (Rachel) and the research that was done by that errors). He also brought forth the fact that, many people thought that there warfare, was part of being civilized, but when we asked the prosecuting witnesses, (the ones before the Mongol Warrior was called up), what the deflation of being Cleveland was, many of the prosecuting witnesses did not Involve warfare Into their definition of being civilized.The Mongol warrior also helped us when the other prosecuting attorneys tried to ask him questions that were related to warfare, Instead of being elated to the main question, â€Å"Is Mr.. Khan c ellared, we then brought them to a dead end, with us (the defensive attorney's) putting objections towards their questions, because their question's had nothing to do with the main topic of the trial. The prosecuting side then ran out of questions to ask, due to irrelevance of the questions that they were asking.On the opposing side, the Mustangs, caliph of Baghdad (Harrison) presented the most convincing evidence, to go against Mr.. Genesis khan. This witness was a victim f the torment, this man was, I believe, rolled up in a carpet drug around beaten and trampled until dead. This man also had answers for most of our questions, and was ready for almost anything. In this simulation, I liked that we all worked together as a group, and we each had an important part in the trial. When we work as a group, the work seemed to go faster.For instance, my partner and I were both defensive attorneys, and when it came to looking for questions to ask our witnesses, we were both able to come up tit many different kinds, and when we were up there asking the questions we both took turns asking them and retrieving the answers. With the work going faster, and being divided up, it made it easier to develop a better understanding of what we were studying. I believe that the simulation was Just fine, but I feel that we should have had more time to debate about the topics, and maybe a little more time to get things prepared and ready for the trial.BY erne indeed innocent of this accusation. This Mongol warrior brought forth the fact that caked up by the Historian Jiving (Rachel) and the research that was done by that before the Mongol Warrior was called up), what the definition of being civilized was, many of the prosecuting witnesses did not involve warfare into their definition of attorneys tried to ask him questions that were related to warfare, instead of being related to the main question, â€Å"is Mr.. Khan civilized? â€Å", we then brought them to a dead end, with us (th e defensive attorneys) putting objections towards their questions,

The Strength of Weak Ties

Here I would like to emphasize a bit on Social Capital. Social capital according to me is the pool of ties that a person encompasses during his lifetime including strong and weak ties. Persons with higher social capital are bound to be better off with greater health and general well being. Social capital helps to leverage the people we communicate with for the benefit of our shared and individual interest. We can relate this with a famous punch line – â€Å"I scratch your back, you scratch mine. The basic hypothesis of Granovetter’s work is that our acquaintances play a very important part in connecting different networks to one another. A personal example which I would like to share is that I have around 30 very closely knitted friends and family members and about 300 odd acquaintances. These acquaintances are comprised of my old classmates, co-workers and some friends through social networking groups. In the digital world these are friends connected through facebook, LinkedIn, orkut etc. Personally speaking it makes sense that in some cases my family and my close knitted friends are best suited to provide me with quality options and choices. For the most part I believe this is true under certain circumstances during personal care when I am sick or when I need advice for some personal decisions in life. But when it comes to looking out for a job the theory comes true to life. I would be naturally tapping my network of acquaintances and assuming I have a good amount of social capital in my network, I would be more likely be presented with more opportunities than my family and close knitted friends. Another example explaining the theory of weak ties is between the social networks existing in this globe. We can take an example of how LinkedIn is different from Facebook and why that difference matters. Weak ties are the social â€Å"degrees of separation† beyond the people we actually know. Facebook primarily is about knowing who you know, connecting with people who are already in your social circle. In my experience it does little to help you develop weak ties and it does nothing to introduce you to people you do not know. There is an interesting paradox that Facebook, perhaps, reinforces our stereotypes, because we are just getting content from our mostly like minded friends. LinkedIn by contrast, is about helping people expand their circles and improve their opportunities. LinkedIn has been slower to take off because it is a harder â€Å"get. † Beyond being a resume building site, why do I need this? If I'm not looking for a job or to find sales leads, why bother? Once you look at it from a content perspective, however, the benefit becomes clearer. Those â€Å"weak ties† provide you with â€Å"micro-nutrients† that your â€Å"strong ties† may not. Further investigation into the analogy of strong and weak bonds in physics is warranted, but the most immediate application in terms of content strategy is the serendipitous model of magazine content. If we consider content that a reader is looking for (through a Google search, for instance) to be strongly bonded, then the content they find along the way (in sidebars and various â€Å"asides† to use the html5 term) are weakly bonded. Magazines have always created content environments where their readers discover new things—and some of those things are advertisements. This serendipity of discovery is key to the pleasure of magazine reading and the financial success of the magazine business, but it has not translated all that well online. To end my observations I completely agree with this theory however I would like to bring an important aspect that a perfectly balanced strong and weaker ties help an individual to do the best and for the society at large. Thanks & Best Regards Pranav

Final Research Paper Example | Topics and Well Written Essays - 500 words

Final - Research Paper Example Social media plays several functions. In previous generations, before the advent of social media, people relied on traditional news outlets such as television, radio, and newspapers. Fast forward, and nowadays people log into their social media accounts to see current trends (Ahn 1436). For that reason, social media is a source of information, available on a handheld gadget. In addition, several people have started their businesses online, and thus, it is a form of startup and a means of employment for both ordinary and techno savvy individuals (William 11). Finally, social media allows people to show their emotions transparently and reveal their whereabouts in a general manner that alerts their friends. There are several benefits of participating in various social media. Firstly, social media keeps people up-to-date and informed about current events (Pernisco 12). Although it may sometimes be unreliable in terms of content, it is the fastest source of information in the modern world. Secondly, social media promotes social justice. The ability to express opinions online reaches several people and concerned parties. For that reason, a mass of people can pass a point across, create social awareness, and in consequence, enhance social justice. Thirdly, and most importantly, interconnectedness through social media promotes tolerance of other cultures and races. Social media enables people from different regions to interact like friends. There are several drawbacks of participating in various social media. The loss of face-to-face interaction is one of the detrimental effects of social media in my life. I am unable to communicate and relate with friends as I used to during my childhood years. Illiteracy is another detrimental effect (Pernisco 8). The use of slang and shortened abbreviations has lessened the level of literacy of most people in the society. Overall,

Vivendi Universal Case Assignment Example | Topics and Well Written Essays - 750 words

Vivendi Universal Case - Assignment Example In the case of EBITDA, deprecation and amortization which does not involve the payment of cash but represents estimated annual charges for tangible and intangible assets respectively are not taken into account. These charges relate to the portion of assets used up during the period. Operating free cash flow which is seen as a more useful measure is the net operating capital after tax with a deduction for expenditures on operating capital during the period (Brigham and Ehrhardt 2010). Increasing free cash flow (FCF) is seen as the means by which managers seek to improve their company’s valuation (Brigham and Ehrhardt 2010). FCF takes into consideration interest and taxes as well as the company’s gross investment in operating capital in order to determine what is available to be distributed to investors. EBITDA does not differ from accrual earnings as it takes into consideration revenue earned during the current period but not yet received as well as expenses incurred but not yet paid. However, it does not take into consideration interest and taxes which relates to the net income earned during the period. Additionally, depreciation charges which seek to allocate the cost of operating assets over their estimated useful life and amortization charges on tangible assets for which amounts are capitalized in the accounts. Operating free cash flow differs from accrual earnings because it not only focus on expenses incurred during the period and revenue earned during the period but also investments in operating capital – fixed or non-current assets and current assets. Earnings accrual does not take gross investment in operating capital into account. I believe that auditors should be held responsible for auditing such information since the income statement and the cash flow statement form part of the financial statements that they provide opinion on in there audit report. They state whether these and

Should the Multinational Firm Be Involved In International Business or Essay

Should the Multinational Firm Be Involved In International Business or Investment with a Developing Country - Essay Example In this study, Supermart is taken as a frictional multinational company which is based in the United Kingdom. It is a developed country. Supermart is a retail company doing its business for a long time in various countries of the world. It is one of the largest companies in the retail industry segment of UK. But for the large numbers of players the market of UK has become very much saturated which limits the growth of the company. Therefore expanding its business internationally will help this retail company to generate more revenue by acquiring the new customer base. For this reason, this UK based company has made a plan of expanding its business in the emerging market of China. Supermart can have many benefits and advantages of this decision. China is experiencing a huge growth in its retail market. A significant rise in the income of household people influences the retail industry of China to grow. China is a developing country having an emerging market. The improvement of the Chi nese economy Influences its people to spend more which becomes an advantage in its retail industry. The purchasing power of the people is increasing in this country which leads to the rise in demand. A positive marketing environment is created for this reason. The government of China is providing business licenses to many new companies for the development of the country. But in some cases, its government policies create many difficulties in case of foreign companies for establishing its business. Some of the reforms of China opens the country’s market and attracts many big companies. The political factor of China influences a lot in its national institutional system. Previously there were many trade regulations in the retail industry sector of this country. This industry was not considered as a prestigious industry by its government and it was not sanctioned. But modernization of China facilitates the growth of its retail industry. The open market system of the country influe nces its institutional system. The economic system of China has become market-oriented economy. The country has become a significant player in a global economy. It supports the growth of its private sector industry. For business operations, the country maintains strict regulations and laws. There is a specific framework under which the companies have to operate its business.