Wednesday, August 26, 2020

Global blog project Essay Example | Topics and Well Written Essays - 1000 words

Worldwide blog venture - Essay Example Past Knowledge With the expansion in correspondence between the Generation Y through long range interpersonal communication and the web, informal exchange has enormously changed the showcasing and publicizing scene. TV is quick turning into an out of date promoting mode for Generation Y. In this manner, Marketers need to advance their acts of market division and focusing so as to build up a brand or a battle that is acknowledged by Generation Y. Technique I intend to talk about the adjustments in promoting medium and the progressions that showcasing groups need to make so as to take into account Generation Y. Type 1: Blog The accompanying web journal gives a decent understanding to advertisers in regards to the mind of Generation Y and publicizing strategies that advertisers could consider: Summer Lovin' For Gen Y with Live Concerts and Mobile Marketing We (alluding to the crowd when all is said in done or explicitly expected advertisers) all realize that no segment is changing as fa st as the pined for Gen Y demographic. We likewise realize that for a developing number of brands, they're the fragment that isn't just the most significant, yet in addition the most hard to lock in. Be that as it may, what advertisers can be sure of is that experiential promoting is the best and surest approach to arrive at this slippery set, particularly this summer.â Between show celebrations, open air games, travel and the general energy that originates from being out for summer, the coming months are the ideal time for advertisers to get all over town themselves, drawing in with these shoppers eye to eye. Gen Y currently numbers in excess of 60 million. They're around town, utilizing internet based life and assuming responsibility for each second of their lives and above all they are on versatile. This late spring they'll tune into anything they desire as effectively as they'll block it out. Accordingly, brand advertisers around the globe are retuning how they go to showcas e. There are some intriguing details from an as of late led an overview with the Event Marketing Institute, reviewing a few thousand Gen Y purchasers. The outcomes are amazing and would assist with molding promoting plans as advertisers attempt to arrive at this subtle demographic.â 94% of Gen Y buyers state they would be bound to purchase an item because of a decent involvement with an occasion. Consider it. On the off chance that somebody went to a show for a best in class pop star and left needing more, they would be bound to get her CD or download her single, isn't that so? In any case, making that great experience is no simple taskâ â MillerCoors gets this and is increase versatile every step of the way. Gen Y'ers is the original that has grown up with the web as a typical piece of regular day to day existence and now the web is in their grasp day in and day out. Truth be told, practically 50% of those studied have posted something (a photograph, an announcement, a Tweet) from or during an occasion. In light of this expansion of innovation, Gen Y presents an alternate arrangement of difficulties for advertisers. Advertisers in all brand classifications need to design battles that interface with shoppers, regardless of whether they're live or on versatile or both simultaneously, and the encounters need to arrive at customers' psyches. Unmistakably, showcasing to Gen Y is as yet an extreme crowd to totally split. To succeed, advertisers need another rulebook. Here are four principles for guaranteeing encounters make the basic association with the Gen Y purchaser: Let them in. Furthermore, we mean right in. It is basic information that insightful brands utilize experiential showcasing to make continuous exchanges with customers. What one can be sure of is that those discussions presently give

Saturday, August 22, 2020

Leadership Styles in Operations Department

Administration Styles in Operations Department Presentation. This task is planned for assessing the initiative styles inside the activities division of Robert Wiseman Sons Ltd and deciding whether ranking directors are performing more as chiefs or pioneers. These assessments will likewise be evaluated to decide whether the Managers styles and practices possibly affecting on progression arranging. In the Last Ten years Robert Wiseman and Sons Ltd (RWD) have conveyed superb development in deals volume and budgetary turnover, to adapt to this expanded interest inside the most recent 3 years alone they have fabricated 1 creation office and 3 appropriation locales just as buying 2 joined creation and dissemination offices, the accompanying opening exist as of now over the 22 destinations for the accompanying key jobs, 4 Quality Managers, 2 Shift Managers, 2 Engineering Managers, 2 Manufacturing Managers, 2 Regional Quality Managers (RQM), 1 Group Continous Improvement Manager and 2 Regional Operations Managers (ROM).The Manufacturing Managers. RQMs and ROMs jobs are new positions anyway apparently the range of abilities required to satisfy these positions could and ought to be grown inside. See Appendix 1 and 2 for significant organization organograms Just as the present opening, 5 of the last 8 Site directors opportunities have been loaded up with outer supervisors or chiefs who had under 2 years experience inside RWD. The Quality supervisor and Engineering Manager Vacancies are because of workers forgetting about for different situations with RWD. Given the amazing development throughout the most recent 5 years specifically it is attainable to accept this is the explanation behind the opening and absence of interior competitors with the abilities and information to satisfy them, anyway this task will assess the general way that the senior supervisory crew are playing out, the overwhelming styles of this group and the presumptions they have in regards to adherents. This all will be summed up in a manner that permits ends to be drawn on whether the business development alone is liable for the absence of created pioneers or wwehetehr thare are open doors for the senior group to be created and additionally change their style and way to deal with permit increasingly proficient initiative turn of events and subsequently improved progression arranging. The Literature survey (1100 words): There is no single best â€Å"formula† for creating pioneers, in reality initiative improvement is an unpredictable subject with numerous elements to be thought of. Investigating the writing I have recognized a few components that are probably going to affect on administration advancement for example the cognizant exertion the association places into distinguishing pioneers, the kind of work that pioneers are required to perform, what the pioneers inside the association think rouses supporters, and the prevailing initiative styles inside the senior supervisory crew. These to changing degrees influence the advancement of pioneers of things to come. Table 1 speaks to the hypotheses and models I have investigated in more detail. Administration Models Styles Model/Theory Conduct Administration Styles Zaleznik, A 1977 Managers Leaders: Are they Different? Kotter, John P 2001 What pioneers truly do? Blake Mouton: Initiating structure/thought The authority of creation through individuals Totalitarian/Democratic Hersey Blanchard : Situational Leadership Worry for individuals/Concern for assignments Coordinating/Coaching/Supporting/Delegating Macgregor: Theory X Theory Y What directors accept about adherents. Imperious to Democratic Bass: Transactional Tranformational Leadership Imperious//to Participative Table 1 There are various systems that can be embraced to energize the advancement of pioneers of things to come (Zaleznik, 1977), a few organizations that are effective at creating pioneers utilize various methodologies and one fruitful approach to create pioneers is to appoint Senior officials as guides to Junior administrators, this methodology furnishes the growing heads with direct contact to a powerful pioneer inside the association, access to the accomplished pioneers information and feelings in a safe and hazard free condition. This additionally permits the open door for the senior official to rehearse and build up their coaching abilities, a vital aptitude that all chiefs ought to have the option to rehearse. Kotter, J (Kotter, 2001), plainly characterizes the contrast among pioneers and administrators in that Leaders, recognize the requirement for change, make a dream to assemble and adjust the association and motivate and intention the devotees inside the association to accomplish the vision, where as chiefs make the arrangement to convey the vision, set destinations to screen progress, make methods and procedures to prepare the individuals, accomplish the goals and screen the arrangement for deviations and issue comprehend to bring the arrangement in the groove again. Given that if pioneers are being successful and adherents are genuinely propelled and inspired this could result in the accomplishment of the work as well as devotees readiness to acknowledge greater duty and have more elevated levels of commitment that if appropriately recognized could feature supporters with the essential ability to become pioneers themselves. (Blake and Mouton, 1967) hypothesis of Initiating structure, how much worth and exertion the directors puts on accomplishing the assignments that will build creation levels and in this manner benefit, and Consideration, the measure of accentuation and exertion the administrator applies in addressing the necessities and desires for the people. Administrators styles can be assessed utilizing the Blake Mouton authority network. The lattice arranges supervisors styles into one of five unique sorts going from 1.1 (the ruined administrator who has little worry for creation or individuals) through 9.1 (the position consistence chief, who has high worry for task fulfillment and creation, with little worries for the requirements of the people) to 9.9 (the Team director, who has both high worry for task consummation and high worry for the desires and needs of the person). 9.1 Managers would be arranged as having an Autocratic authority style with 9.9 sort directors rehearsing an increasingly D emocratic administration style. (Blake and Mouton, 1967) express that there is a third measurement to the matrix that takes a gander at the chiefs impervious to change and features that directors predominant styles can change under pressure or weight if the administrator has a low protection from change, for example a Democratic 9.9 sort administrator can change to be progressively Autocratic 9.1 when confronted with unpleasant or pressure circumstances. This hypothesis is significant in my examination as it identifies with the administrators perspectives towards the adherents and how that demeanor could possibly urge devotees to create. Hersey (Blanchard and Hersey, 1996), life Cycle hypothesis which was later renamed as Situational initiative hypothesis recommends that to accomplish the undertaking it is essential for the pioneer to apply diverse authority styles relying upon the circumstance, the demeanor and capacities of the supporters and the kind of assignments or occupations to be performed. This hypothesis additionally takes into account the initiative styles to be drilled to create devotees to accomplish the errand and as the adherents grow then it takes into account various styles of administration to be utilized to help their proceeded with advancement. Utilizing these styles of administration are significant while relating them to worker advancement especially if the pioneers are deliberately mindful of this hypothesis and are intentionally applying the proper initiative style with the point of building up the supporters while accomplishing the assignments. Macgregor Theory X Theory Y, depicts the suppositions that administrators have about individuals, this influences how the chief acts towards the workers. In the event that the director has suppositions dependent on hypothesis X he is probably going to apply a progressively Autocratic administration style as his suspicions will be negative towards the worker, he will accept that representatives will possibly convey execution desires in the event that they are pushed and controlled and that they have little to offer as far as imagination or activity. By differentiate chiefs who have presumptions dependent on Theory Y which is something contrary to hypothesis X suppositions will urge representatives to assume liability, work self-governingly, and take an interest in taking care of business issues and convey higher than anticipated execution. Chiefs with hypothesis Y suspicions will be bound to apply a Democratic or Participative administration style. Chief suspicions may likewise make t he Pygmalion influence Kopelman (ADD CITATION), if the director has elevated standards of representatives capacity to convey significant levels of execution then he acts in a way that will empower and bolster these sentiments, this at that point emphatically influences the adherents demeanor and they will attempt to react in kind. Anyway this additionally applies to hypothesis X suppositions in that the workers may possibly convey the chiefs desires and in this manner on the off chance that those desires accept low execution levels, at that point the representatives may convey only that. Macgregors hypothesis is a significant angle according to creating pioneers as hypothesis X type practices and the ensuing initiative style applied are probably going to bring about lower levels of inspiration as characterized by Maslows chain of importance of necessities where as administration styles established in principle Y presumptions will open up the chance of more elevated levels of worker inspiration maybe for representatives to accomplish self actualisation and along these lines convey their latent capacity, this potential may bring about the workers turning out to be pioneers themselves. BM Bass , Transactional administration (Add CITATION) , is a connection between the pioneers and supporters which depends on an exchange, the supervisor gives, pay and rewards, for example, advancement or positive working conditions as a byproduct of the adherent conveying good degrees of execution. This style of administration is probably not going to deliver something besides normal performa

Thursday, August 20, 2020

Tata Motors

Tata Motors Tata Motors Home›Marketing Posts›Tata Motors Marketing PostsTata motors are expanding rapidly all over the world market, and it is India’s largest growing industry that has been listed in New York stocks exchange. It produces commercial and passenger vehicles that are being distributed in many countries of the world. Tata Indica has been sold mostly in many countries. The growth in its market is a great understanding and a critical stimuli in economic growth. There is continued competition by other automobile companies hence triggered Tata motors to develop new models like winger cargo. Tata motors have diversity brands, culture integrity and a great employee leadership, which have effectively enhanced the development of worldwide market offices.The sales department is expanding the sales of private vehicle in Ghana’s Accra office. The vehicle was launched in 2006 and Tata indigos are widely gaining market in Ghana. The motor company has capitalised and expended market of th e vehicle brand because it has gained popularity and used by local taxis in the city of Accra. This is because of the low-fuel consumption. 130 Tata indigos are widely being used in Ghana, and this has prompted the expansion of marketing strategy for the company. As the years progresses, there have gradual increase in the number of Tata indigos in Accra.Ghana has always been a traditional and relevant market for Tata motors due to the sale and use of multi-utility vehicles in the country. The motor vehicle has been in the country as it launched its sales at PHC motors limited since 1974. They have set up after market part sales at Tema, Kumasi, Takoradi and Tamale as the customers in Ghana are spread in the cities. Through the desire for high performance and satisfaction by Ghanaians, the company will be setting up ten more service and sales centres. Ghanaian market has a multi-utility car market system.In Romania, the Tata automobile company is in collaboration with other companies like the fiat. However, it has managed to gain market through its motors limited. The model of Nano is widely being distributed in Romania and it is considered the cheapest vehicle in the world. The expansion of market of Nano model in Romania has been attributed to the study on the market, which showed that Nano cars could be adapted and fit to the needs of Romanians.  Interests of giant automobiles like Nissan and ford have faced the Romanian market plant. This creates the war of bidding for the automobile market in the country. The Bidding of Tata’s Daewoo vehicles has enhanced its market share and the Romanian government bought the stake of Daewoo. The united state giant general motors’ are the chief automobile threat of Tata in Romanian market.The Romanian automobile market has changed automobile needs and this lead to the development of Nano model meant for this country’s market profile. There has been the monopoly of the Daica- Renault that sells Daica cars in this ma rket, which are the cheapest option for new cars in the country. Tata has expanded the Nano model in order to meet this market type because it is also the cheap model of cars.In South African market, Tata has been gaining expansive market trucks specifically with ace mini trucks model and is even planning to setting up truck assembly industry just like the one in Thailand. The company is dealing with medium and small sized trucks currently. This has been enhanced by continuous growth in the use of Tata trucks, in South Africa. Commercial vehicles in South Africa are the largest export market for Tata motors. The motor group is just one of the few companies that offer truck assembly in the country. South Africa has few motor companies that offer these services. The South African car market has been integral to Tata motor’s global market where. There is a perception of immense economies and market footprint to expand in years to come.It has taken advantage of its market share and co ntinuous increase in the demand for trucks. There is a continued rise in demand for ace mini trucks, and there was growth of more than forty percent in the year 2009. There is continuous growth in export and use of these trucks, in South Africa because there has been continuous growth demand and use of these trucks. Tata is expanding its market share to brace for imminent competition from general motors that are launching the production of trucks.There continuous expansion of the automobile market share in Thailand. This has prompted Tata motors to launch market expansion of its mini-truck ace super city giant. This is because in Thailand small, cars form the largest market share of the automobile industry. The ace supercity giant model expects a market share of about one hundred and fifty units per monthly sales. This is because the motor vehicle industry in Thailand is majorly small vehicles. In the growth of the auto market, in Thailand it is expected to grow continuously where p ickups and small cars have more than half of this expected market growth. This has triggered the expansion of Tata motors in this model to compete for this market and have a share for its model.The market in Thailand is intensely competitive, and this has made Tata choose this model. Thai automobile market is extremely competitive, and automobile market share is dominated by small-cars segment. It is a competitive market where the company is first establishing itself in this market. It then develop other models that fit such competitive market of Thailand.

Sunday, May 24, 2020

Are Parents Responsible for their Children’s Behavior

Are Parents Responsible for their Childrens Behavior? When children behave badly, should their parents accept responsibility for their behavior? Moreover, should the parents be punished for the bad behavior of their children? This is a seemingly difficult question to answer for many reasons. It’s because of a basic misunderstanding about the responsibility of parents in instructing their children. Many modern societies consider corporal punishment of children as unacceptable. There are laws in certain countries that can put parents behind bars for spanking their own kids. Although this is done in an effort to control child abuse, it can have a lot of negative repercussions. These laws can prohibit responsible parents from correcting their children and showing them the right way to behave in life. It is very evident that kids from dysfunctional homes, where parents have no control over their kids, end up as anti-social elements. Since there is no one to correct their behavior and show them the right way to live, they end up as drug addicts and social outcasts. Therefore, parents need the freedom to properly instruct and guide their children. But when that freedom is snatched from them, their children can often end up on the wrong side of the law. Only then, the question of parents accepting the responsibility and punishment for their children’s errors comes into the picture. If parents are given the freedom to correct their children in the way they think best, then they should be held responsible for their children’s actions. They would also have to undergo punishment if the children are too young to bear the consequences of their actions. On the other hand, if parents are

Wednesday, May 13, 2020

The Debate Between Pro Choice And Pro Life - 864 Words

Abortion The debate between pro-choice and pro-life has gone on for numerous years. Using medical technology medical staff and mothers are able to see what happens to the unborn child during the abortion process. A mother can see the image of her unborn child; abortion should be illegal because the unborn child feels pain, there can be medical complications to the mother and alternatives do exist. Women are now able to see inside of the mother’s womb and see the unborn child’s heartbeat and sex of the child. This is done by ultra sound (US) technology and can be seen in 2-D, 3-D and 4-D it is even possible to see the child in color. The mother can see the living child inside her. The ultra sound serves as a window to the womb (Boucher 2004). Pro-life supporters have showmen the US picture and movies of the unborn child to women who are planning to abort their pregnancy and stated that 90% of women have changed their minds. First trimester abortions account for 88.4% of the USA and 73% in Canada. However, the US that is being shown is in the second trimester (Wiebe, Adams 2009) to be able to see the growth of the unborn child. Many states now require that a woman who is going to have an abortion view an US prior to the abortion. In a survey that was conducted many women felt that viewing the US was a positive experience even though some still chose to go through with an abortion. Patients have stated that seeing the US was helpful, but the US images neededShow MoreRelatedThe Debate Between Pro Life And Pro Choice868 Words   |  4 Pagesrecent developments in Northern Irish legislation for ‘on demand abortions’, the debate between pro-life and pro-choice has been thrown back into the media and the morality of abortion scrutinized under the eye of third wave feminism, which has reclaimed the 1970’s slogan of ‘The Right to Choose’. The following essay intends to discuss how abortion is always an option and never a morally wrong act, as it is the mother’s choice to do with her body what she wishes and such the fetus has no right to leechRead MoreThe Debate Between P ro Life And Pro Choice Advocates901 Words   |  4 Pagesescalated an uproar political debate between pro-life and pro-choice advocates. To further go into detail of the bill it states, that a pregnant woman considering an abortion must be given the opportunity to view the fetal ultrasound and hear the auscultation of the fetal heart tone at least 18 hours before the abortion is performed. It correspondingly requires the state department of health to submit copies of admitting privileges and written agreements between physicians to other hospitals inRead MoreDebate Between Pro Life Versus Pro Choice1375 Words   |  6 PagesThe Art of Persuasion The debate between Pro-Life versus Pro Choice is a difficult and unruly topic. Individuals with different backgrounds, opinions, perspectives, and experiences all have particular stances on this sensitive topic. However, any individual can make an excellent and persuasive declaration on their stance with the use of rhetoric. Judith Jarvis Thomson author of, A Defense of Abortion, and Sidney Callahan author of, Abortion and the Sexual Agenda, use rhetoric in a marvelous mannerRead MorePro Life vs Pro Choice772 Words   |  4 Pages17th 2015 Pro-life vs. Pro-choice The issue of abortion in the United States will always be a controversial one. Developing two sides of the debate, pro-life and pro-choice. Pro-life are the individuals who do not believe in the option of abortion. Pro-choice are the individuals who believe every woman has the choice to go through with their pregnancy or to not. Despite their contrasts, pro-life and pro-choice explore valid ideas of religion, law and health care in their debates. SupportersRead MoreAbortion, Gun Control / Safety, And Marriage Equality1370 Words   |  6 PagesWe live in the world, in which every person has his/her opinion towards a topic. People debate deeply on topics such as abortion, gun control/safety, and marriage equality. It is not possible to make all people agree on topics such as those. There are many religions and cultures that people come from; everyone values their own beliefs. The conflict between two sides of abortion has occurred ever since 1960s and early 1970s due to Roe v. Wade case. â€Å"In Roe v. Wade (1973), the U.S. Supreme Court statedRead MorePro’s and Con’s on Abortion In America900 Words   |  4 Pagesarguments of being â€Å"pro-life† vs â€Å"pro-choice†. Before reviewing the main debates on abortion, one should understand the accepted definition by both sides of the debate. Abortion is the act of the termination of a pregnancy after, accompanied by, resulting in, or closely foll owed by the death of the embryo or fetus. Pro-choice is favoring or supporting the legal right of women and girls to choose whether or not to continue a pregnancy to term. Pro-life is supporting the right to life of the unborn orRead MoreThe Contraception And The World Health Organization1016 Words   |  5 Pagesdevices for both males and females. There are methods like: condoms, vasectomies, tube tying, pills, and more importantly abortion. Since it’s women who have to endure nine months to give birth to child they may or may not want, women should have the choice on whether or not they want to go through with the pregnancy, and they shouldn’t be limited to the contraceptive means. The issue on whether or not abortion is rightful or unconstitutional mainly comes down to one’s morals. The World Health OrganizationRead MoreAbortion : Legal Or Illegal?953 Words   |  4 PagesAbortion: Legal or Illegal? To this day, the debate on whether or not abortion should be legal continues to divide Americans. The name of this article is, â€Å"Should Abortion be Legal?† written by ProCon.org. Pro-choice and pro-life are the two opposing sides. Pro-choice is the pro-abortion group, and pro-life is the anti-abortion group. The two sides disagree about whether the rights of the woman or the fetus are more important, and they also disagree about the impacts on women’s health and on societyRead More The Abortion Controversy Essay1423 Words   |  6 Pagesethics topic, abortion, has two main proponents. The first is the view against abortion, also known as pro-life. The other view is rooted upon the belief of being pro-choice, or basically for abortions. These two different views are like two mathematical principles, in that although these two views have many differences, they also have larger similarities in the background. For example, when pro-choice activists support abortions du e to unwanted pregnancies, the activists are not rallying behind theRead MoreEthical Theories Of The Debate Over Abortion1741 Words   |  7 Pagestopic of abortion. The debate over abortion has been going on for a while. As time goes by, my opinions on the topic have changed, especially when I learn about the different arguments each side makes. I will take some arguments from both sides to help explain egoism. Through my explanation on my understanding of egoism, I will ultimately express my views on this social issue as well. Though it is important to keep in mind that my main goal is to explain each side of the debate through the views of

Wednesday, May 6, 2020

Educating the Public about the Other Genders Free Essays

Issues about gender inequality and segregation have been dragging all the institutions, particularly schools and the workplace, over time (Blackwell, 2003; Albelda, 1986; Anker, 1998; Peace, 2003; Lester, 2008). At first, these issues were merely between men and women. We will write a custom essay sample on Educating the Public about the Other Genders or any similar topic only for you Order Now Now, there are other genders claiming for equality with the two socially accepted genders. Unequal opportunities, violence, and social injustices against lesbian, gay, bisexual, and transgender (LGBT) are still subjects of other gender’s struggle nowadays (Sloan Gustavsson, 1998). In addition, a number of arguments about lesbian and gay parenting, same-sex marriage and other familial rights tend to intensify other genders’ claim for equality, whereas in lesbian and gay parenting, the society is questioning their capability of serving as a role model of children at home (Hicks, 2008; Clarke, 2001; Hicks McDermott, 1999; Nicol Smith, 2008; Ghoshal, 2009). Gender critics and gender sensitive organizations are lobbying that if only the public has been educated regarding the existence and concerns of LGBT, then inequality and violence against these populations will be lessened and will be eradicated, if possible. The Other Genders Initially, there were two socially accepted genders: men and women. Now lesbian, gay, bisexual and transgender are claiming acceptance from the society.   Many psychological, biological and medical studies are conducted to explain and analyze the other manifestations of sexuality among the two primary genders (men and women), yet the most widely accepted analysis is that of Robert J. Stoller which argued that, A person’s physical sexual attributes, mental attitudes and objects of desire could â€Å"vary independently of one another†; so that â€Å"a man with predominantly male characteristics and also masculine in his erotic life may still be inverted in respect to his object, loving only men instead of women† (cited in Glover, 2002). Such statement explains the psychological cases of LGBT; even if they possess the physical sexual attributes these populations tend to think and act the other way contradictory of what is expected of them being a man or a woman. School Curriculum and Gender Studies The growing numbers of LGBT at young age (10 years old and below) alarmed many institutions particularly those concern in education and health care. Gender critics urge the inclusion of a gender-sensitive curriculum in all education institutions since most of the national school curricula manifests gender inequalities which uphold a â€Å"hegemonic male† dominance within a State and around the world (Arnot, 2002; Marshall Arnot, 2008; Peace, 2003). Previously, the courses being offered in all colleges and universities manifested gender inequality; for instance, there were separate courses for women and for men. Women are now entitled to take men’s courses and vice versa. Moreover, the titles â€Å"Baccalaureate† and â€Å"Masters Degree† connote the dominance of men in earlier education system. Also significant in the system of education is the prohibition of women to become school administrator not until the passage of 1972 Title IX of the Education Amendments (Meritz, 2006). It has been identified that the church is responsible for the patriarchal education and to the flight of women and LGBT for acceptance and equality (Pray, 1847). At present, LGBT are seeking their place in education curriculum to avoid gender preference being provided only for men and women. Homophobia in School and Nursing Environment There have been claims that education institutions are the best and safe place for LGBT youth, yet most studies conducted found that schools are usually a place of harassment where these populations are often victimized by peers and even by their teachers (Sloan, 1998). Many researches stated that most teachers and education professionals are not ready to address and affirm the needs of LGBT people; thus, their heterosexual students are likely to show negative attitudes toward the LGBT population (Macgillivray Jennings, 2008; Blackburn Donelson 2004; Szalacha, 2004; Robinson Ferfolja, 2001; Kozik-Rosabal Macgillivray, 2000; Roffman, 2000; Casper Schults, 1999; Petrovic, 1998; Maney Cain, 1997). Analyzing the trend, studies also discovered that, compared to heterosexual women, heterosexual men are more likely to be prejudiced against LGBT (Herek, 1988; Ratcliff, Lassiter, Markman Snyder, 2006; Bem, 1993). How to cite Educating the Public about the Other Genders, Papers

Tuesday, May 5, 2020

Intro free essay sample

Surd Dares (Blocking the means) Ruff (custom) 4 In general, the framework of Islamic finance is the same framework used by the conventional finance practices. These frameworks are, inter alai legal and regulatory framework, taxation framework, accounting and auditing standards, etc. Might have different or additional framework, such as accounting and auditing standard, etc, due to its peculiarity. In certain jurisdiction, Islamic banking and finance might be regulated by different sets of regulations, either separate or additional, e. G. BIB 1983 5 However, Islamic Finance, as the name suggests, has another framework, which is considered the major element that differentiates BIB from the conventional banking and finance. Any violation of this framework will definitely effect the validity of Islamic finance itself. Shari Compliance Framework 6 Three main interrelated terminologies: Shari, Fish Mulatto Shari, when viewed from legal perspective is the fixed elements of Islamic law, i. E. What has been clearly stipulated and mentioned in the text. We will write a custom essay sample on Intro or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page E. G. Five time prayers, prohibition of rib, etc.As such, it is revealed in nature 7 Shari, in this sense, is wide and encompassing various branches of Islam Normally, it comes in its generality and it emphasizes only on the principles and not the detailed rules (not all the time) It is the duty of the judge (quad), mufti and jurisdictions (llama) to exert their intellectual efforts in deriving and applying these principles on certain given scenarios. The result of human reasoning and understanding to the Shari is known as fish Fixed v. Flexible Agreements v. Differences 8 However, in its general usage, it is called al-Assyria al-elastically (Islamic law).Islamic commercial law is one of the components of Islamic law Other components of Islamic law include: Islamic law of purification and worship family law criminal law away of evidence and procedure law of inheritance, etc The main subjects of Islamic commercial law are commercial contracts and the rules governing them 9 Original rule of permissibility: Initial legal ruling in commercial contract is permissibility Contrary to acts Of devotion (EBITDA)

Wednesday, April 1, 2020

I Very Much Enjoyed Reading The Short Story Im A Fool. It Was V

I very much enjoyed reading the short story Im a Fool. It was very readable and it made a lot of sense to me. I know exactly what the narrator was feeling and thinking in the story, as I have been in similar situations. There are often times when you feel that it is necessary to build yourself up in order to impress someone-usually a female for myself. I dont know why I do it or why other guys do it, but we certainly do. Perhaps it is to simply impress, or maybe to make me feel like I am an important person and the young lady had better give me the time of day. Whatever the reason, it most definitely a silly thing to do, especially when you cannot deliver the goods or produce what your mouth has been talking about. That part tends to be very embarrassing and pushes the girl away because she now thinks of you as a liar. I am fortunate now to have a girlfriend that knows everything about me, and I did not ever feel I had to lie to impress her. It is humorous, though, to watch my friends make up things when they find a female, and then get tossed aside for not being honest. I suppose after a few more times they will learn, as the narrator surely did after his silly mistake. Im a Fool was a very good story and a great example of how NOT to court a female. Its painful moral is one for young lads to remember. [emailprotected]

Sunday, March 8, 2020

Free Essays on Globalization Is Good For Mankind

Globalization is Good For Mankind Globalization holds huge potential and could be the answer to many of the world’s problems. Murray Weidenbaum argues that globalization benefits all countries that participate in world markets and can produce many opportunities. He believes that globalization has become a bad word and people oppose to it because they have developed their views from myths based on insufficient facts. The ten myths which he identified are: globalization costs jobs, the United States is an island of free trade in a world of protectionism, Americans are hurt by imports, U.S. companies are running away especially to low-cost areas overseas, American companies doing business overseas take advantage of local people (especially in poor countries) and pollute their environments, the trade deficit is hurting our economy and we should eliminate it, it’s not fair to run such large trade deficits with China or Japan, Sanctions and export controls work, trade agreements should be used to raise env ironmental and labor standards around the world, and America’s manufacturing base is eroding in the face of unfair global competition. Because it expands economic freedom and spurs competition, globalization raises the productivity and living standards of people in countries that open themselves to the global marketplace. In the first few myths, Weidenbaum analyzes the misconceptions made about globalization affecting jobs, trade, and imports. Yes, globalization costs jobs and kills small businesses and makes domestic businesses more competitive. However, globalization has given more job opportunities than the ones lost and also with better pay. Because of globalization, employment rates are up and unemployment rates are down. A nation open to free trade grows faster than a nation closed to free trade. Statistics show that open poor economies grows about twice as fast than open rich economies. Globalization is a way of giving c... Free Essays on Globalization Is Good For Mankind Free Essays on Globalization Is Good For Mankind Globalization is Good For Mankind Globalization holds huge potential and could be the answer to many of the world’s problems. Murray Weidenbaum argues that globalization benefits all countries that participate in world markets and can produce many opportunities. He believes that globalization has become a bad word and people oppose to it because they have developed their views from myths based on insufficient facts. The ten myths which he identified are: globalization costs jobs, the United States is an island of free trade in a world of protectionism, Americans are hurt by imports, U.S. companies are running away especially to low-cost areas overseas, American companies doing business overseas take advantage of local people (especially in poor countries) and pollute their environments, the trade deficit is hurting our economy and we should eliminate it, it’s not fair to run such large trade deficits with China or Japan, Sanctions and export controls work, trade agreements should be used to raise env ironmental and labor standards around the world, and America’s manufacturing base is eroding in the face of unfair global competition. Because it expands economic freedom and spurs competition, globalization raises the productivity and living standards of people in countries that open themselves to the global marketplace. In the first few myths, Weidenbaum analyzes the misconceptions made about globalization affecting jobs, trade, and imports. Yes, globalization costs jobs and kills small businesses and makes domestic businesses more competitive. However, globalization has given more job opportunities than the ones lost and also with better pay. Because of globalization, employment rates are up and unemployment rates are down. A nation open to free trade grows faster than a nation closed to free trade. Statistics show that open poor economies grows about twice as fast than open rich economies. Globalization is a way of giving c...

Thursday, February 20, 2020

The Ethical Process in Solving an Ethical Dilemma Assignment - 79

The Ethical Process in Solving an Ethical Dilemma - Assignment Example The other challenging bit is the fact that, the reason was to save the life of someone else. The second ethical step is to know what or why it happened, that is getting to realize that what happened was wrong and trying to get the story straight as to why it happened. This also involves getting relevant evidence that may have caused the car to be broken into. For this matter, the car was taken for the purpose of saving the life of another human being by rushing them to hospital. It can be argued that, if that intent was not carried out, then the life of another individual would be put at risk and it would have been much worse than taking the car in the first place. Supporting document as to why the car was taken would have been the hospital documents such as receipts, hospital card that show that the patient was really taken to the hospital. The third step is to verify whether the ethical issue is a regulatory issue or a process issue. This relates to why it was carried out. For this case, the car was taken because there were no other possible options at the moment that could have been implemented. It was the only car in the vicinity that could have been used. The fourth step would be to review and compare whether the ethical issue has a rule that is tied to it. This can be referred to a variety of resources such as the ASHAs Code of Ethics. For this case, after the car was taken so as to take someone to the hospital. It would have been procedural to look up the ethical dilemma in the Code of Ethics and find a sound action to incorporate so as to make the situation better or both parties, including the owner of the car. The fifth step in reviewing the ethical process is to know who is in charge and has the control in the situation. For example, the car was taken and the individual in charge was the driver. This is the ideal person who will be able to explain what came along and why he/she had to do it and come up with a  sound judgment based on the storyline.

Tuesday, February 4, 2020

Compare and contrast the education systems of the UK and other country Essay

Compare and contrast the education systems of the UK and other country - Essay Example School terms are similar. Both are divided in three terms, but they differ in terms of school year openings. School year in UK starts in September and ends in July. Each term has a break of few weeks, while the third term has two months vacation. The centralized system of curriculum is observed to both countries with certain dissimilarities in content. In UK, Emphasis of teaching in infant school is on reading, painting and practical lessons. At this stage children learn to read, write and count. As they move to junior level, they learn English, Math, science and technology, geography, and religion. They also learn about environment, art, music and P.E. At age 11, students go to junior level of a comprehensive school. At age 16, sixty percent of the children are ready to move to further education. All junior level students are qualified to enter FE level wherein they could enrol in vocational or academic, although this is no longer obligatory courses. FE courses prepare them for future employment. In Japan, the elementary school curriculum emphasizes study of Japanese, social studies, mathematics, science, music, arts and handicraft, and physical education. This is the stage where much emphasis and time is devoted to music, fine arts and curriculum. Japan introduced in its education system the promotion of respect for individuals, whereupon it was started in 1957 in elementary schools (Nemoto, Y. 1999) Students are required to practice moral education in their daily interactions in school and routine activities of cleaning and lunch, 2007. In high school Heirarchy and peer relations are intense and observed at this point. The method of teaching in Japan is very much different from UK in that they are concerned with developing the whole being of the child. Teachers consider it their duty to teach them with polite manners, personal hygiene,

Monday, January 27, 2020

Analysis Of Life Insurance Industry In India Economics Essay

Analysis Of Life Insurance Industry In India Economics Essay Since inception the Indian life insurance industry has its own origin and history. It has passed through many hurdles and hindrances in order to attain the present status. However, the income earning capacity of an individual citizen of a nation and the eagerness and awareness of the general public are the two key determinants of the growth of any insurance industry. In the Indian context, the insurance habits among the general public during the independence decade was rare and in the following decades, it has slowly increased. There was a remarkable improvement in the Indian insurance industry soon after the economic reform era (1991). After 1991 the Indian life insurance industry has geared up in all respects, as well as it is being forced to face a lot of healthy competition from many national as well as international private insurance players. In this paper we have analyzed the performance of LIC over a time period of 1980 to 2009, attempt has been made to analyse the overall performance of Life Insurance Industry of India between pre- and post economic reform era. To measure the current status, volume of competitions and challenges faced by the Life Insurance Corporation of India and to measure the effectiveness of investment strategy of LIC over the period 1980 to 2009. Data were analysed by using Regression, Trend Analysis and Anova. The study reveals that there is a tremendous growth in the performance of Indian Life Insurance industry and LIC due to the policy of LPG. Insurance industry also improved a lot due to the emergence of Private sector and opening up for foreign players. Further there is also a huge change in the investment pattern of LIC. There is a increasing trend toward the investment in Stock market by LIC from 60% to 93% from 1980 to 2009 due to the effective regulation of SEBI and increasing transparen cy of stock market. I. Introduction Life insurance is a contract for the payment of a sum of money to a person assured on happening of the event ensured against. Usually the contracts provide for the payment of the amount on a date of maturity or at a specified date at periodic intervals or at unfortunate death, if it occurs earlier. Life insurance is universally acknowledged to be an institution, which eliminates risk, substituting certainty for uncertainty and comes to the timely aid of the family in the unfortunate event of death of breadwinner. Life insurance is civilisations partial solution to the problems that caused by death. In short, life insurance is concerned with two hazards that stand across the life-path of every person: 1.That of dying prematurely is leaving a dependent family to fend for itself. 2. That of living till old age without visible means of support. The nationalization of insurance business in the country resulted in the establishment of Life Insurance Corporation of India (LIC) in 1956 as a wholly- owned corporation of the government of India. Indias life insurance market has grown rapidly over the past six years, with new business premiums growing at over 40% per year. The premium income of Indias life insurance market is set to double by 2012 on better penetration and higher incomes. Insurance penetration in India is currently about 4% of its GDP, much lower than the developed market level of 6-9%. In several segments of the population, the penetration is lower than potential. For example, in urban areas, the penetration of life insurance in the mass market is about 65%, and its considerably less in the low-income unbanked segment. In rural areas, life insurance penetration in the banked segment is estimated to be about 40%, while it is marginal at best in the unbanked segment. The total premium could go up to $80-100 billion by 2012 from the present $40 billion as higher per capita income increases per capita insurance intensity. The average household premium will rise to Rs 3,000-4,100 from the current Rs 1,300 as will penetration by the existing and new players. Indias ratio of life insurance premium to its GDP is around 4 per cent against 6-9 per cent in the developed world. It could rise to 5.1-6.2 by 2012 in tandem with the countrys demographic profile. India has 17 life insurers and the state owned Life Insurance Corp. of India dominates the industry with over 70 percent market share, though private players have been growing aggressively. Considering the worlds largest population and an annual growth rate of nearly 7 per cent, India offers great opportunities for insurers. US based online insurance company ebix.com plans to enter the Indian market following deregulation of its insurance sector. In a diverse country such as India it is imperative that a universal insurance infrastructure be created to maximize efficiency in the insurance industry. Online insurer ebix.com can offers the Indian market a business-to-consumer internet portal where consumers have more choice while purchasing insurance and an internet-based agency management system that will help agents work more efficiently with multiple carriers. Foreign holding in Indian insurance companies is limited to 26 per cent. The market is moving beyond single-premium policies and unit linked insurance products which are easier to sell. The agency model is the dominant sales channel accounting for more than 85 per cent of fresh premiums but overall inactivity and attrition is much higher at 50-55 per cent than the global average of 25 per cent. GIVE REFERENCE II. Review of Literature In the present section an attempt has been made to examine the review of literature related to the study. Rao, R.T.S. (2000) in this article had explained the phenomenal growth experienced by life insurance industries recently, in line with the countrys improving economic fundamentals. By comparing the growth, penetration, density and other insurance variables, he had shown that India is still an underdeveloped insurance market, it has a huge catch-up potential. According to him even though there is strong potential for expansion of insurance into rural areas, growth has so far remained slow. Considering that the bulk of the Indian population still resides in rural areas, it is imperative that the insurance industrys development should not miss this vast sector of the population. Goyal, K. (2004), in this article has reviewed that private insurance companies had reason to celebrate with the lifting of the sectoral cap in the insurance sector to 49 per cent in the Union Budget 2004-05, as against 26 per cent earlier. However, to offset the excitement, there was also an imposition of service tax of 10 per cent on the risk premium for life insurance, which has the industry with mixed feelings. The FDI hike has been a much-awaited plea of these companies, who believed that they could plough in more money into the business if their foreign partners were permitted an increased holding. Jain, A.K. (2004), revealed that Waves of liberalization have done wonders to proper the insurance occupation to the status of a career with a bright future. The average mindset, particularly of younger generation in India was very amenable to the changes in insurance as an avenue where exhilarating opportunities are opened up in changed environment. Krishnamurthy, S. (2005) in this article had reviewed that Insurance companies have a pivotal role in offering insurance products which meet the requirements of the people and, at the same time, are affordable. Some of the challenges faced by the insurance sector pertain to the demand conditions, competition in the sector, product innovations, delivery and distribution systems, use of technology, and regulation. With the liberalization and entry of private companies in insurance, the Indian insurance sector has started showing signs of significant change. Ray, Subhashish and Pathak, Ajay. (2006) opined that ever since the privatization of the insurance sector in India in 2000, the industries has been witnessing the birth of numerous private players, mostly joint ventures between foreign insurance giants and Indian diversified conglomerates and each one is trying to make an inroad into the huge untapped market. Sinha, Ram Pratap. (2007) opined that the deregulation of general insurance industry in India is having far-reaching consequences in terms of market size, structure and operational practices. As compared to the international standards the penetration level of general insurance companies in India is quite low and, therefore, has tremendous potential for growth. His analysis revealed that the public sector insurers dominate the private sector insurers in terms of mean technical efficiency in constant returns to scale, while the private sector insurers have a slightly higher mean technical efficiency than the public sector insurers in variable returns to scale. Goswami, P. (2007) in this article had reviewed that the insurance industry in India was opened up to private sector participation in the year 2000. Prior to this, Life Insurance Corporation (LIC) of India was the sole player in the life insurance industry in India. In six years since the entry of private players in the insurance market, LIC has lost 29% market share to the private players, although both, market size and the insurance premium being collected, are on the rise. In 2005, life insurance accounted for 79% of the total insurance market in India. It was found that the responsiveness dimension of service quality provides maximum customer satisfaction in the life insurance industry in India. Sabera. (2007) indicated that in March 2000, when the Government of India liberalized the insurance sector, lifted the entry restrictions for private insurance players, allowing the foreign players to enter into the market and start their operations in India. The entry of private players helps in spreading and keeping the operation in the Indian insurance sector which in turn results in restructuring and revitalizing of public sector companies. III. Research Methodology The research article is based upon descriptive as well as exploratory research. Secondary sources of data collection have been adopted for the study. The relevant and required data are collected from the text books, national and international articles, RBI Bulletin (various issues) as well as annual reports of LIC. The Statistical tools used in this research article are Correlation, Regression, ANOVA, the method of least squares and linear trend. The method of least square has been used for analysing the overall performance of Life Insurance Industry of India between pre- and post economic reform era and to measure the current status, volume of competitions and challenges faced by the Life Insurance Corporation of India. For processing the data and estimating the results, Excel, SPSS-16 packages have been used. Objectives: The following are the objectives of the present study To analyze the overall performance of Life Insurance Industry of India between pre- and post economic reform era To measure the current status, volume of competitions and challenges faced by the Life Insurance Corporation of India To measure the change in the effectiveness of the investment strategy of LIC over the period 1980 to 2009. Hypothesis: The study is based on the hypothesis that There is no significance difference in the performance of Life Insurance Industry between pre- and post economic reform era There is no significance Change in the pattern of the investment strategy of LIC over the period 1980 to 2009. Status and Position of Indian Life Insurance Industry in the pre LPG era In India, life insurance in its modern form came from England in the year 1818. The first life insurance was Oriental life insurance Company started by Europeans in Calcutta. All the insurance industries established during that period of time were brought up with the purpose of looking after the needs of European community and Indian natives were not being insured by these companies. Later on with the efforts of eminent people like Babu Muttylal Seal, the foreign life insurance companies started insuring Indian lives. But still Indian lives were being treated as sub-standard lives and heavy extra premiums were being charged on them. However in the year 1870, Bombay Mutual Life Assurance Society heralded the birth of first Indian life insurance company and covered Indian lives at normal rates. Starting as Indian enterprise with highly patriotic motives, insurance companies came into existence to carry the message of insurance and social security through insurance to various sectors of the society. Bharat Insurance Company (1896) was another one of such companies inspired by nationalism. The Swadeshi movement during 1905-1907 gave rise to more insurance companies. The United India in Madras, National Indian and National Insurance in Calcutta and the Co-operative Assurance at Lahore were established in 1906. In 1907, the Hindustan Co-operative Insurance Company took its birth in one of the rooms of the Jorasanko, house of the great poet Rabindra Nath Tagore, in Calcutta. The Indian Mercantile, General Assurance and Swadeshi Life (later Bombay Life) were some of the companies that established during the same period. Prior to 1912, India had no legislation to regulate insurance business. However in the year 1912, the Life Insurance Companies Act, and the Provident Fund Act were passed. The Life Insurance Companies Act, 1912 made it necessary that the premium rate tables and periodical valuations of companies should be certified by an actuary, but in actuall the Act discriminated between foreign and Indian companies on many accounts, putting the Indian companies at a disadvantage. The first two decades of the twentieth century saw lot of growth in insurance industries. From 44 companies with total business-in-force of Rs.22.44 crore, it rose to 176 companies with total business-in-force of Rs.298 crore in 1938. During the mushrooming of insurance companies many financially unsound concerns were also floated which failed miserably. The Insurance Act 1938 was the first legislation governing not only life insurance but also non-life insurance to provide strict state control over insurance business. The demand for nationalization of life insurance industry was made repeatedly in the past but it gathered momentum in 1944 when a bill to amend the Life Insurance Act 1938 was introduced in the Legislative Assembly. However, it was much later on the 19th of January, 1956, that life insurance in India was nationalized. About 154 Indian insurance companies, 16 non-Indian companies and 75 provident were operating in India at the time of nationalization. Nationalization wa s accomplished in two stages; initially the management of the companies was taken over by means of an Ordinance, and later, the ownership too by means of a comprehensive bill. The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956, with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost. In the year 1956, LIC had 5 zonal offices, 33 divisional offices and 212 branch offices, apart from its corporate office. Since life insurance contracts are long term contracts and during the currency of the policy it requires a variety of services needs felt in the later years to expand the operations and place a branch office at each district headquarter. Re-organization of LIC took place and large numbers of new branch offices were opened. As a result of the re-organization servicing functions were transferred to the branches, and branches were made accounting units. It worked wonders with the performance of the corporation. It may be seen from the fact that about 200.00 crores of New Business in 1957 the corporation crossed 1000.00 crores only in the year 1969-70, and it took another 10 years for LIC to cross 2000.00 crores mark of new business. But with the re-organization happening in the early eighties, by 1985-86 LIC had already crossed 7000.00 crores Sum Assured on new polic ies. Table 1. Growth of LIC between 1959 and 1999 Table 1. Growth of LIC between 1959 and 1999 S.No. Particulars 1957 1999 1 Annual Business: Sum Assured Policies First year premium 336.3 crores 8,00,000 14 crores 75606 crores 14857000 4171 crores 2 Business in force: Sum Assured Policies Renewal premium 1477 crores 5686000 74 crores 459201 crores 91726000 16136crores 3 Group Business in force: Sum Assured No. of Lives 5.29 crores 69558 crores 21671000 4 Life Fund: 41040 crores 127389.06 crores Source: Secondary Data Annual Reports of LIC. Progress of Indian Life Insurance Industry in the Post LPG Era Insurance sector reforms: In 1993, Malhotra Committee headed by former Finance Secretary and RBI Governor R.N. Malhotra was formed to evaluate the Indian insurance industry and recommend its future direction. The Malhotra committee was set up with the objective of complementing the reforms initiated in the financial sector. The reforms were aimed at creating a more efficient and competitive financial system suitable for the requirements of the economy keeping in mind the structural changes currently underway and recognizing that insurance is an important part of the overall financial system where it was necessary to address the need for similar reformsà ¢Ã¢â€š ¬Ã‚ ¦ In 1994, the committee submitted the report and some of the key recommendations included: 1) Structure Government stake in the insurance Companies to be brought down to 50%. Government should take over the holdings of GIC and its subsidiaries so that these subsidiaries can act as independent corporations. All the insurance companies should be given greater freedom to operate. 2) Competition Private Companies with a minimum paid up capital of Rs.1bn should be allowed to enter the industry. No Company should deal in both Life and General Insurance through a single entity. Foreign companies may be allowed to enter the industry in collaboration with the domestic companies. Postal Life Insurance should be allowed to operate in the rural market. Only One State Level Life Insurance Company should be allowed to operate in each state. 3) Regulatory Body The Insurance Act should be changed. An Insurance Regulatory body should be set up. Controller of Insurance (Currently a part from the Finance Ministry) should be made independent. 4) Investments Mandatory Investments of LIC Life Fund in government securities to be reduced from 75% to 50%. GIC and its subsidiaries are not to hold more than 5% in any company (There current holdings to be brought down to this level over a period of time). 5) Customer Service LIC should pay interest on delays in payments beyond 30 days. Insurance companies must be encouraged to set up unit linked pension plans. Computerisation of operations and updating of technology to be carried out in the insurance industry The committee emphasized that in order to improve the customer services and increase the coverage of the insurance industry should be opened up to competition. But at the same time, the committee felt the need to exercise caution as any failure on the part of new players could ruin the public confidence in the industry. Hence, it was decided to allow competition in a limited way by stipulating the minimum capital requirement of Rs.100 crores. The committee felt the need to provide greater autonomy to insurance companies in order to improve their performance and enable them to act as independent companies with economic motives. For this purpose, it had proposed setting up an independent regulatory body. MAJOR POLICY CHANGES Insurance sector has been opened up for competition from Indian private insurance companies with the enactment of Insurance Regulatory and Development Authority Act, 1999 (IRDA Act). As per the provisions of IRDA Act, 1999, Insurance Regulatory and Development Authority (IRDA) was established on 19th April 2000 to protect the interests of holder of insurance policy and to regulate, promote and ensure orderly growth of the insurance industry. IRDA Act 1999 paved the way for the entry of private players into the insurance market which was hitherto the exclusive privilege of public sector insurance companies/ corporations. Under the new dispensation Indian insurance companies in private sector were permitted to operate in India with the following conditions: Company is formed and registered under the Companies Act, 1956; The aggregate holdings of equity shares by a foreign company, either by itself or through its subsidiary companies or its nominees, do not exceed 26%, paid up equity capital of such Indian insurance company; The companys sole purpose is to carry on life insurance business or general insurance business or reinsurance business. The minimum paid up equity capital for life or general insurance business is Rs.100 crores. The minimum paid up equity capital for carrying on reinsurance business has been prescribed as Rs.200 crores. The Authority has notified 27 Regulations on various issues which include Registration of Insurers, Regulation on insurance agents, Solvency Margin, Re-insurance, Obligation of Insurers to Rural and Social sector, Investment and Accounting Procedure, Protection of policy holders interest etc. Applications were invited by the Authority with effect from 15th August, 2000 for issue of the Certificate of Registration to both life and non-life insurers. IRDA has so far granted registration to 12 private life insurance companies and 9 general insurance companies. If the existing public sector insurance companies are included, there are currently 13 insurance companies in the life side and 13 companies operating in general insurance business. Today LIC functions with 2048 fully computerized branch offices, 100 divisional offices, 7 zonal offices and the corporate office. LICs Wide Area Network covers 100 divisional offices and it connects all the branches through a Metro Area Network. LIC has tied up with some Banks and Service providers to offer an on-line premium collection facility in selected cities. LICs ECS and ATM premium payment facility is an addition to customer convenience. Apart from on-line Kiosks and IVRS, Info Centers have been commissioned at Mumbai, Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, New Delhi, Pune and many other cities. With a vision of providing easy access to its policyholders, the LIC has launched its SATELLITE SAMPARK offices. These satellite offices are smaller, leaner and closer to the customer. The digitalized records of the satellite offices will facilitate the customer anywhere servicing and many other conveniences in the future. LIC continues to be the dominant life insurer eve n in the liberalized scenario of Indian insurance industries and is moving fast on a new growth trajectory surpassing its own past records. LIC has issued over one crore policies during the current year. Table-2: Total Life Insurance Premium (Rs. Crore) INSURER 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 LIC 149789.99 127822.84 90792.22 75127.29 63533.43 54628.49 49821.91 (17.19) (40.79) (20.85) (18.25) (16.30) (9.65) (42.79) Aviva 1891.88 1147.23 600.27 253.42 81.50 13.47 NA   Bajaj Allianz 9725.31 5345.24 3133.58 1001.68 220.80 69.17 7.14 Bharti Axa 118.41 7.78 NA   NA NA NA NA Birla Sunlife 3272.19 1776.71 1259.68 915.47 537.54 143.92 28.26 Future Generali 2.49 NA   NA NA NA NA NA HDFC Std 4858.56 2855.87 1569.91 686.63 297.76 148.83 33.46 ICICI Pru 13561.06 7912.99 4261.05 2363.82 989.28 417.62 116.38 IDBI Fortis 11.90   NA NA NA NA NA NA ING Vysya 1158.87 707.20 425.38 338.86 88.51 21.16 4.19 Kotak Mahindra 1691.14 971.51 621.85 466.16 150.72 40.32 7.58 Met Life 1159.54 492.71 205.99 81.53 28.73 7.91 0.48 Max New York 2714.60 1500.28 788.13 413.43 215.25 96.59 38.95 Reliance Life 3225.44 1004.66 224.21 106.55 31.06 6.47 0.28 Sahara 143.49 51.00 27.66 1.74 NA   NA NA SBI Life 5622.14 2928.49 1075.32 601.18 225.67 72.39 14.69 Shriram 358.05 184.17 10.33   NA NA NA NA Tata AIG 2046.35 1367.18 880.19 497.04 253.53 81.21 21.14 Private Total 51561.42 28253.00 15083.54 7727.51 3120.33 1119.06 272.55 (82.50) (87.31) (95.19) (147.65) (178.83) (310.59) (4124.31) Total (LIC+Private) 201351.41 156075.84 105875.76 82854.80 66653.75 55747.55 50094.46 (29.01) (47.38) (27.78) (24.31) (19.56) (11.28) (43.54) Note: Figure in bracket indicates the growth over the previous year in percent. Two way ANOVA Source of Variation SS df MS F P-value F crit Rows 49560705298 17 2915335606 37.2725415 4.7941E-36 1.723833402 Columns 1069788739 6 178298123.2 2.27954002 0.0417493 2.188760765 Error 7978104529 102 78216711.07 Total 58608598567 125 Analysis and Interpretation Table 2 shows total life insurance premium during the year 2001-02 to 2007-08. The proportion of premium collected by LIC out of total premium collected by life insurance industry is declined from 97% in 2001-02 to 74% in 2007-08. It indicates the increasing competition from private sector. ICICI prudential is becoming a stronger and stronger player by keeping over a lot of business of LIC. But still there is a lot of scope of development in the life insurance industry where private sector will be a challenge in the front of LIC. By applying ANOVA at 0.05 level of significance, It is being observed that there is a significance difference in the performance of LIC and other Private Sector insurance companies over a period of 2001-02 to 2007-08 Table 3: Total Life Insurance Premium Year (X) Total life insurance premium (Y) U=X-A/ H U2 UY 2002 50094.46 -3 9 -150283.38 2003 55747.55 -2 4 -111495.1 2004 66653.75 -1 1 -66653.75 2005 82854.80 0 0 0 2006 105875.76 1 1 105875.76 2007 156075.84 2 4 312151.68 2008 201351.41 3 9 604054.23 718653.57 0 28 693649.44 Source- compiled from table 2. Y = A+BX ÃŽÂ £Y=nA+B X ÃŽÂ £XY=A ÃŽÂ £X+BÃŽÂ £ X2 Y=A+Bu ÃŽÂ £Y=nA+B ÃŽÂ £U ÃŽÂ £uY=A ÃŽÂ £u+B ÃŽÂ £u2 ÃŽÂ £Y=nA A= ÃŽÂ £Y/n ÃŽÂ £uY=BÃŽÂ £ u2 B= ÃŽÂ £uY/ ÃŽÂ £u2 A= ÃŽÂ £Y/n A= 718653.57/7= 102664.79 B= ÃŽÂ £uY/ ÃŽÂ £u2= 693649.44/28= 24773.19 Y=A+B (X-2004) 102664.79+ 24773.19 (2012-2004) 102664.79+ 24773.19 (8) 300,850.35 crore Based on the middle year 2005, the trend value for the year 2012 can be calculated using the linear function Y=A+BX, where, AB are constant. If we substitute the values in the trend line equation, the expected total LIC premium for the year 2012 is Rs. 300,850.35 crores. It shows that the total business is in increasing trend. Table 4: Investment strategy of LIC (Rupees crore) Year Sector-wise Instrument-wise of which Total (2 to 5) Or (6 to 7) (end-March) Public Private Joint Co-operative Stock exchange securities Loans 1 2 3 4 5 6 7 8 1979 3411.9 618.1 29.9 527.8 2733.8 1853.1 4587.7 1980 3915.5 770.1 0 602.1 3113.4 2173.6 5287.7 1981 4707.8 647.2 0 665.5 3591.3 2725.6 6020.5 1982 5410.7 698.7 32 753 4040.6 2612 6894.4 1983 6189.7 787.4 32.7 825.2 NA NA 7835 1984 7020.8 891.4 40.1 905.3 NA NA 8857.6 1985 7919.5 1010.6 51.2 972.9 NA NA 9954.2 1986 9063.8 1121.3 68 1036.

Sunday, January 19, 2020

Reputation Management :: Visibility, Transparency, Responsiveness

The research suggests that reputation comes from relationships and trust. Fombrun (1996) stated that to have a positive reputation managers must invest in building and maintaining good relationships. Building relationships with the company’s publics can result in a higher opinion of their reputation. These relationships also builds trust in the company. â€Å"Trust, like reputation, can take years and resources to build up, and while it may be difficult to break, it, again, like reputation, can take considerable time and even more resources to restore† (Bronn, 2010, pg. 310). With both relationships and trust, a company must be communicating with its publics. Van Riel and Fombrun (2007) developed six key communications principles that yield a high reputation: visibility, distinctiveness, authenticity, transparency, consistency and responsiveness (pg. 313). Applying these six principles to the Carnival case, we can determine if Carnival used them in managing their reput ation. Visibility deals with the public and market prominence of the organization or how much people know about the organization (pg 313). During this crisis, Carnival used social media to keep people updated about what was happening at sea. Before this instance, Carnival was a common name in the cruise industry. According to the Carnival website (www.carnival.com) Carnival is apart of the World’s Leading Cruise Lines alliance. Coombs (2010) said that, â€Å"a strong reputation prior to a crisis is an asset to organizations during the crisis† (pg. 478). Having this positive reputation before hand should help Carnival in the end with customers. Distinctiveness are the characteristics that set an organization apart from others. These characteristics can be its logo, slogan and trademarks (pg. 314). Carnival has all three, a distinct logo, slogan â€Å"Fun for All. All for Fun.† and trademarks on the names of ships, â€Å"Splendor†, â€Å"Freedom† and †Å"Liberty† to name a few of the 23 different ships (www.carnival.com). Authenticity helps make an organization real, genuine, accurate, reliable and trustworthy (pg. 314). By using social media and addressing the crisis head on, the company appears trustworthy to people. Carnival took responsibility for the accident and tried to solve it as quick as possible. The CEO of Carnival also made a public apology to those on the ship and to Carnival customers. Next, transparency is how much information and access stakeholders have about an organization (pg. 314). The Carnival Cruise Director John Heald went to his blog to offer updates and on-broad accounts to consumers and the press. Reputation Management :: Visibility, Transparency, Responsiveness The research suggests that reputation comes from relationships and trust. Fombrun (1996) stated that to have a positive reputation managers must invest in building and maintaining good relationships. Building relationships with the company’s publics can result in a higher opinion of their reputation. These relationships also builds trust in the company. â€Å"Trust, like reputation, can take years and resources to build up, and while it may be difficult to break, it, again, like reputation, can take considerable time and even more resources to restore† (Bronn, 2010, pg. 310). With both relationships and trust, a company must be communicating with its publics. Van Riel and Fombrun (2007) developed six key communications principles that yield a high reputation: visibility, distinctiveness, authenticity, transparency, consistency and responsiveness (pg. 313). Applying these six principles to the Carnival case, we can determine if Carnival used them in managing their reput ation. Visibility deals with the public and market prominence of the organization or how much people know about the organization (pg 313). During this crisis, Carnival used social media to keep people updated about what was happening at sea. Before this instance, Carnival was a common name in the cruise industry. According to the Carnival website (www.carnival.com) Carnival is apart of the World’s Leading Cruise Lines alliance. Coombs (2010) said that, â€Å"a strong reputation prior to a crisis is an asset to organizations during the crisis† (pg. 478). Having this positive reputation before hand should help Carnival in the end with customers. Distinctiveness are the characteristics that set an organization apart from others. These characteristics can be its logo, slogan and trademarks (pg. 314). Carnival has all three, a distinct logo, slogan â€Å"Fun for All. All for Fun.† and trademarks on the names of ships, â€Å"Splendor†, â€Å"Freedom† and †Å"Liberty† to name a few of the 23 different ships (www.carnival.com). Authenticity helps make an organization real, genuine, accurate, reliable and trustworthy (pg. 314). By using social media and addressing the crisis head on, the company appears trustworthy to people. Carnival took responsibility for the accident and tried to solve it as quick as possible. The CEO of Carnival also made a public apology to those on the ship and to Carnival customers. Next, transparency is how much information and access stakeholders have about an organization (pg. 314). The Carnival Cruise Director John Heald went to his blog to offer updates and on-broad accounts to consumers and the press.

Saturday, January 11, 2020

Ensure Team Effectiveness Project

Momi jeweler| Sandeep kaur std01943| Aitt college| | Table of Contents 1 Name of the organisation2 2 Your position2 3 Type of position:2 4 Organisation background:2 5 Your role:2 6 Action plan:-2 7 Outcomes3 8 Alternative process3 8 IMPLEMENTATION4 10 Budget allocation4 11 conclusion4 1 Name of the organisation: momi jewellery shop 2 Your position:- Team leader of distribution and warehousing. 3 Type of position: – frontline management position. Reason for your new position developed: – there are many reason for develop team leader of distribution and warehousing position.The one reason is that nobody there to work for this situation, to achieve their goals, completes the organisation’s expectations. Work for company profit and production and provide good service to people so that every person can do their work with responsibility. 4 Organisation background:- it is a large jeweller firm. The organisation manufactures, imports and repairs jewellery for distributio n to its many stores in all states. There are 12 team members, from different background and with differing levels of expertise.Some team members have worked with the organisation and in this vision, for members of years. Other team members are relatively new, while some have worked in other department/ sections of the organisation before being transferred to your division. 5 Your role: – your initial role, therefore, is that of trouble shooter, problem solver and team facilitator. You need to bring this group of people together to form a cohesive, effective and productive team. 6 Action plan:- action plan are very necessary to get a team goals and their expectation ,This Action Plan builds upon the Strategic Framework developed as a, result of an extensive research programme with businesses in the Jewellery shop, 2 The purpose of the research was to produce evidence to inform the development of a Strategy and Action Plan to support businessgrowth and development in the secto r. While the focus wastherefore on factors affecting economic development, the researchcovered broader aspects relating to sustainability, i. . environmentaland social factors. As a result a number of indirect factors have beenidentified and these have been taken into account in formulating boththe Strategy and Action Plan. 3The Actions have short medium and long lead delivery times. Each Action has been developed as aPracticalactivity, although some may be considered to be preparationfor future delivery. Where possible they build upon broaderinterventions already on offer to the business community from arange of stakeholders and providers. Apprenticeship orImproversNetwork:-Identify those companies that would support andshare the cost of developing a network which enableda small number of apprenticeships to be awardedeach year and provided work placements forimprovers. Starters fund Establish small grants schemes to supportbusiness start-ups with access to equipmentand purchase of tools. 7 Outcomes 1 Improved understandingand focus on trainingavailable and successionplanning. 2 Raised awareness of thesector 3More new product andimprove turnaround times (reference=http://www. jewelleryquarter. net/wp-content/uploads/2009/10/jibss_action_plan24909. df) 8 Alternative process If these process will not working then we have to use alternative process so the person can perform well like forming, storming, norming and performing these are the necessary stages for team development. So there must be training process so the employ can learn properly and perform properly 8 IMPLEMENTATION The following section sets out some proposals for the adoption andimplementation of the Action Plan. Action 1: An early activity should be to gain formal recognition for the Plan from Jewellers Association Company as principal funders of itsdevelopment.The achievement of this recognition should be led bysupport of the Steering Group and the nominated Business Champion. Action plan 2 shou ld bring together appropriate representativesfrom those agencies identified in the Plan to confirm their support and to identify/confirm the lead organisation for each activity. This group,or some form of it, should agree to develop a formal remit and to actas a project management group for implementation. Action plan 3 An assessment of the resourcing implications ofimplementation and delivery. This should include identifyingfunding to enable the employment of a co-ordinator. 10 Budget allocationAction | Budget / Expenses ($)| 01| 5000| 02| 2750| 03| 3600| 04| 8900| 11 conclusion In the end we can say that in this large jewellery shop which is working for manufactures, import and repairs jewellery and it has many store in all states. I just have appointed there for team leader as a frontline management position so I can work for complete its expectation and goals. there were lack communication so I made some of action plan which will good shop and it will increase its productivity. 12 reference Books and website:- (http://www. jewelleryquarter. net/wp-content/uploads/2009/10/jibss_action_plan24909. pdf)

Friday, January 3, 2020

The Effects Of Financial Stress Among Domestic College...

The Cause of Financial Stress among Domestic College Students Money is always a common factor leading to stress. People determine financial stress as a kind of stress caused by debts and inevitably huge amount spending (Hillman, 2015, para.4). A college student faces $40000 tuition every year, so it is fair to say college students struggle with financial stress. Moreover, financial stress has the tendency to become an â€Å"ongoing and chronic type of stress†, which will attribute to several seriously and consistently mental and physical health problem, like depression, anxiety, and weight gain (Hillman, 2015, para.5). As an international student, it is hard for me to imagine that domestic students the same age as me start life with a big amount of debt because they had to pay very high tuition fees as their parents don’t support or don’t have the means to support them financially in college. Additionally, domestic college students indeed confront severe financia l problems. Based on a survey conducted in 2013 by the American College Health Association, â€Å"35 percent of students said their finances were ‘traumatic’ or ‘very difficult’ to handle† (as cited in Fosnacht Dong, 2013, p.5). Thus, a question is arising: what causes financial stress among domestic college students. After reviewing the literature and watching online interviews and celebrities’ speeches, I noticed that this question can be explored by investigating the college tuition and how domestic undergraduatesShow MoreRelatedIs College Education A Tax Policy Program? Essay1635 Words   |  7 PagesGraduating from college is such a huge accomplishment in people’s lives. They have worked hard to earn their degrees, dealt with all those stress and struggles from the day to day challenges of college. After all those sleepless nights, they finally walk up to receive their diplomas and take in a big sigh. Everything in life will be b etter now. 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