Why is there Large Employee Turnover Rate at Wal-Mart Research Paper

For what reason is there Large Employee Turnover Rate at Wal-Mart - Research Paper Example In spite of the fact that the figures for worker turnover for Wal-Mart are not promptly accessible there is a ton of data to show in any event that representatives are unsettled and that the turnover purpose is high. Indeed, the organization has been confronted with various claims identifying with sex segregation and staying at work longer than required without pay. Wal-Mart is as of now one of the most persuasive and regarded organization which is equal with that directed by the assembling mammoths of the twentieth century Lichtenstein (2009). The organization is in position number 15 on Forbes List as a Global 2000 Leading Company and as one of the World’s Biggest Public Company (Forbes 2013). This depends on deals, benefit, resources and market esteem. As far as deals Wal-Mart is in the number 1 position, sixteenth in benefit, 135th in resources and seventh as far as market esteem. On Forbes (2012) rundown of ‘The World’s Most Powerful Brands, Wal-Mart is in th e 25th position and this makes it the world’s top retailing organization. ... The global portion is viewed as the motor of development for the organization as Wal-Mart keeps on extending universally. The point of this examination is to decide the explanation behind the high representative turnover rate at Wal-Mart. The goals of this examination are to decide: I. Regardless of whether remuneration at Wal-Mart might be a factor corresponding to the high paces of turnover ii. Regardless of whether representatives are happy with the degree of correspondence with their bosses iii. Regardless of whether representatives are content with their activity capacities Employee turnover is the development of laborers in the work showcase among associations and between various jobs or occupation (Abassi et al 2000). Writing Review According to Linhartova (2011) Employee turnover is one of the issues identifying with the administration of HR that never leave. Linhartova (2011) completed two investigations on the reasons for workers irritation and turnover. The examination uti lized 29 determinates to portray seven of the fundamental factors that prompted worker turnover †compensation, conviction, connections, acknowledgment, correspondence, culture, and desires. The components were along these lines to contemplates done by other specialist (See John et al 2008; Gosling et al 2003; Benet-Martinez and John 1998). The consequences of the investigation show that every one of the seven variables were firmly connected to work fulfillment. Firth L, David J Mellor, Kathleen A Moore, Claude Loquet (2007). In what manner would managers be able to diminish worker expectation to stop?, J. oversee. Psychol. 19 (2): 170-187. †¦ Strategies to limit turnover Jain (2013) recommends that worker marking which is a moderately new idea n human asset the board. This Jain (2013) shows will permit the association to pick and hold

Infrindgment & others Essay Example | Topics and Well Written Essays - 750 words

Infrindgment and others - Essay Example A PC is a gadget that is intended to ease function just as make information sorted out and effectively open. In the created nations, youngsters are acquainted with PCs at a youthful age, and they use them for the remainder of their lives and subsequently are not really hit by the negative impacts. PCs represent a danger of the client experiencing musculoskeletal scatters because of the tedious banner and body developments one has while utilizing the PC (Karavidas, Lim, and Katsikas, 2005, p.699). The consistent utilization of a PC can make on experience torment on the fingers and upper arm since these body parts are in real life while utilizing the PC. The dreary utilization of the console prompts aggravation in the carpal passage and consequently causing a difficult condition called the carpal passage disorder (Saba, Pocklingtonâ and Miller, 2008, p.66). Numerous individuals utilize the PC for delayed hours which lead to there being little blood stream in the muscles. The body musc les don't contract and unwind and henceforth an awkwardness of blood stream in the muscles happens which can cause torment on the muscles of the client. PCs are utilized while sitting and this body act prompts complexities with the back, neck and shoulders. Reliable and nonstop utilization of the PC causes the back to yearn because of poor blood stream and furthermore makes the neck yearn due to keeping up one situation for quite a while. A PC client frequently has their arms collapsed at ninety degrees while composing and this situation of the hand exhausts the shoulder extremely quick. The most well-known wellbeing danger of PCs is eye and vision hindrance because of the splendid light that PCs produce and the way that the light is so near the eyes. Nonstop utilization of the PC causes the client to have an obscured vision once they pull back their eyes from the machine. The eyes have an inclination of getting exhausted and due to so much stressing

How to Write a WINNING Resume - FREE on Amazon October 18-22!

How to Write a WINNING Resume - FREE on Amazon October 18-22! Im happy to announce that for FIVE days beginning October 18, 2013, my new e-book, How to Write a WINNING Resume 50 Tips to Reach Your Job Search Target, will be available for FREE on Amazon Kindle! This e-book takes you through the entire resume writing process, from concept and preparation through formatting and special issues you might face. Heres a sample of one of the 50 tips included in the book. Download the book for FREE on Amazon, October 18th through 22nd, to get the remaining 49! Consider Including a Chart, Graph or Testimonial If you are in sales or you are an executive, you might choose to create a chart or graph as a pictorial representation of your accomplishments. If you’re a receptionist or a nursery school teacher, a graph would be overkill. Here are some samples of a graph or chart included in a resume: Only use a graph if appropriate for the position to which you’re applying. In Career Directors International’s survey Global Hiring Trends 2012, 33% of respondents reported that they still have not received a resume with a chart or a graph. 24% of those who had seen charts and graphs found them helpful or very helpful, while 22% found them distracting. These results are rather inconclusive but indicate that if you work in a conservative industry (such as insurance or finance) it might be best to stick to the tried and true bullet format; in more innovative industries, or for marketing and sales positions, charts and graphs are a great fresh approach. For someone climbing the ladder within the same company, charts and graphs might also be very effective. When in doubt, keep it simple! Testimonials You might not particularly like tooting your own horn, and frankly, some things are much more credible when said by people other than yourself. If you have received recommendations on LinkedIn ®, positive feedback in evaluations, or testimonials in any form, consider putting them on your resume! Here’s what a testimonial might look like:   The use of testimonials is becoming more and more common on resumes. In Global Hiring Trends 2012, 29% of those surveyed said a testimonial would influence their decision positively. So take advantage of this trend and let your potential employer know what past employers (or professors if you are a new graduate) have to say about you! You may place the testimonial in the top third of the resume, near the relevant position, or anywhere that makes sense and is visually appealing. ********** Was this article helpful? You can find more tips like this (49 more to be exact!) in my new do-it-yourself resume writing e-book titled How to Write a WINNING Resume 50 Tips to Reach Your Job Search Target. And specifically for executives, Ive authored a second version just for you called How to Write a STELLAR Executive Resume 50 Tips to Reach Your Job Search Target. ** From October 18th through 22nd, get your copy of How to Write a WINNING Resume absolutely FREE on Amazon! Or purchase How to Write a STELLAR Executive Resume for just $9.97.**               Remember: When you send me a link to your Amazon review, your name will be entered into a bi-annual drawing for a $50 Amazon gift card! You will also be entered into my monthly drawing to win Mary Elizabeth Bradfords Job Search Success System (winner of a 2011 CDI Career Innovator Award and a $97 value check it out here). Click the images above to check out the reviews, purchase, or write a review of your own for a chance to win!

Natraj And Vasu In The Maneater Of Malgudi - 744 Words

Natraj and Vasu are contrasted characters. Natraj, no doubt, is the central figure and the action of the novel is viewed through his eyes. It is his point of view that we always get. But he is an unheroic hero, good at heart, but passive and inactive like most of us. Vasu, on the other hand, represents evil that embodies satanic traits. He is an anti-hero, and Natraj is both attracted and repelled by him. The novel makes it clear that there is a love-hate relationship. It is evident that the story of The ManEater of Malgudi follows the familiar pattern of a tale from the puranas where a demon, the symbol of evil, gets too powerful, threatens the heaven with his elemental forces of disorder, but finally goes up in the air like a bubble,†¦show more content†¦The tragedy of Vasu does not cause any tears for the simple reason that the novelist has skillfully manipulated. The situation that preceded his death, so much so that even when the mischievous but delightful Vasu kills himself no one feels sad. On the contrary readers of the novel chuckle to find Vasu dead, and Natraj continues to be worried over trifles like and automation while following the dictates of his assistant in the office of the press. The printer assistant Sastri explains the mystery of Vasu’s death. Like this: He had to concentrate all that might for his own destruction. Every demon appears in this world, with a special boon of indestructibility. Yet the universe has survived all the rakshasas that were ever born. Every demon carries within him, unknown to himself, a tiny seed of self destruction and goes up in thin air at the most unexpected moment. Otherwise, what is to happen to humanity? (TMEM 62) Conclusion Narayan always created positive characters, who may at times do bad karmas, but are never wholly evil. His characters usually fall in fair or grey shade, but in the present novel, he has created a pure black persona. Vasu is absolutely devoid of emotions, a vicious man who does not think twice before killing someone. In fact, the title aptly suits the

Who Killed Kennedy Will the Truth Ever be Known Essay

John Fitzgerald Kennedy was the 35th president of the United States, and the public loved him. That is why his assassination was a horrific event. Many people wanted for justice to be served to whoever was responsible for Kennedy’s death, and the US government tried to give the people closure by convicting Lee Harvey Oswald as the lone perpetrator in the assassination. Despite the conviction of Lee Harvey Oswald, there is probable cause to believe that he was not responsible for the assassination of President John F. Kennedy. The mismanagement of many of the details surrounding the assassination has fueled the belief system that a great conspiracy was involved. According to the Warren Commission report, â€Å"Texas School Book Depository†¦show more content†¦This can cause people to hear or see things that did not happen and thereby making their testimonies invalid. A news reporter from Dallas said, â€Å"I remember interviewing people that said they saw certain thi ngs; some did, some didn’t. Even then there were people making up things.† (Reitzes). The Grassy Knolls theory was not the only conspiracy to be called invalid. Theories that London B Johnson, the military industrial complex, and the mob have also been conspiracies that have been debunked, but there is still one theory out there that may never been proven or disproven (Patterson). The idea that the CIA was somehow involved in JFK’s assassination is an issue that may never be fully uncovered. The mismanagement of the investigation of the case left many holes that may never be filled. In 1963, there were two main rules, or precepts, that applied to criminal investigation. One was that it was very important to secure a crime scene to protect the evidence, and the other was it is standard procedure to document all material items that are in custody and keep them in sealed packaging to avoid contamination (Ling). Those in charge of the Kennedy assassination followed n either of these rules. Out of the witnesses from Dealey Plaza, the police interviewed only one third and many were able to enter and exit the crime scene as they pleased. Even Abraham Zapruder, the man who captured the assassination on film, left the scene without beingShow MoreRelatedA Look into the Assassination of JFK981 Words   |  4 PagesJohn Fitzgerald Kennedy was born on May 29th, 1917 in Brooklyn, Massachusetts. He was named after his grandfather, John Francis Fitzgerald, who happened to also have a career in politics as the mayor of Boston, Massachusetts. He had 8 siblings, three brothers and five sisters. His parents were Patrick Joseph Kennedy and Rose Kennedy. His early life in Massachusetts helped shape him into one of the greatest presidents America has ever had. Kennedy was an especially bright young man with many talentsRead MoreJ.F.K. Essay1101 Words   |  5 PagesJ.F.K. November 22, 1963 President John F. Kennedy took a limo ride through Dallas Texas, but this harmless event quickly turned fatal for the young president. The presidents limo turned onto Elm going 25 miles per hour then slowing down to 10 miles per hour to make a sharp turn. The first shot ran out missing the president completely sounding like an echo. Hearing this, Kennedy stops waving and starts to look around. The second shot was then fired sending the bullet into Pres. KennedysRead MoreWho Killed JFK? Essay1699 Words   |  7 PagesReview of Research The assassination of John F. Kennedy is said to be, as from the Warren report, a murder. The Warren report states that a man, Lee Harvey Oswald, fired 3 shots from the 6th floor of the Texas Book State Depository building. One missed the President’s motorcade completely; another hit President Kennedy in the neck, and the last hit him in the head, which was later said after an autopsy, to be the cause of death. The problem with the Warren report is that some eyewitnessesRead MoreAlternative Theories to John F. Kennedys Assassination1675 Words   |  7 PagesDallas, Texas, John Kennedy hoped to gain support for the upcoming election. Kennedy, who was accompanied by his wife Jaqueline, Vice President Lyndon B. Johnson and Mrs. Johnson, Senator Ralph Yarborough of Texas, Governor John B. Connally, and Mrs. Connally was riding in an open car in a motorcade driving from Love Field airport to the Dallas Trade Mart (â€Å"Kennedy†). At 12:30 p.m. CST, President John Fitzgerald Kennedy was shot (â€Å"Kennedy†). The fearless John Fitzgerald Jack Kennedy seemed to knowRead MoreOedipus The King By Sophocles1509 Words   |  7 Pagesa language enhanced by distinct and varying beauties; acted no narrated; by means of pity and fear effecting its purgation of these emotions† (Aristotle, 1819, p. VI), (Kennedy Gioia, 2013, p. 945). â€Å"From the thirteenth chapter of the Poetic s we learn that the best sort of tragic hero is a man highly esteemed and prosperous who falls into misfortune because of a tragic flaw in the morality of the character: examples, Oedipus and Thyestes (Dodds, 1966, p. 38).† Aristotle’s definition of a tragicRead MoreThe Assassination Of President Kennedy s Assassination1831 Words   |  8 PagesKennedy’s assassination is one of America’s most fascinating and infamous conspiracies. Though we still do not know who is actually responsible, evidence points towards the communistic Cubans as being the killers of our nation’s young president. Even Lyndon B. Johnson, the President inaugurated after Kennedy’s death said, â€Å"I’ll tell you something about Kennedy’s murder that will rock you†¦Kennedy was trying to get Castro, but Castro got to him first.† President Kennedy’s mysterious assassination can be revealedRead MoreThe Secret Military Installation On The Plan et1663 Words   |  7 Pagesgrudges most certainly end up being revealed in time. Conspiracy on any level seeks to hide actions on the part of individuals who perceive their importance greater than that of others. Historically, conspiracies associated with the United States government cause citizens to question their elected leaders. Broken trust requires many months and years to rebuild, if ever it can be. â€Å"Less than one hundred miles from Las Vegas, Nevada is the most famous secret military installation on the planet†Read MoreThe Many Theories of the JFK Assassination Essay example3041 Words   |  13 PagesThe Many Theories of the JFK Assassination Introduction There are many theories that have been introduced to people surrounding the assassination of President John F. Kennedy. The assassination of the 35th President of the United States, John Fitzgerald Kennedy, occurred on November 22, 1963. Kennedy was fatally shot while riding in the presidential limousine through the streets of Dallas, Texas. The projectile that struck his head shattered the right side of his skull. During an interviewRead MoreJohn F. Kennedy s Assassination2651 Words   |  11 Pages1963, John Fitzgerald Kennedy s assassination, America stopped and stood still. The 35th president of the United States was killed by Lee Harvey Oswald, other conspiracies say that the CIA, Lyndon B. Johnson or the Mafia could have done it too. The Life of John Fitzgerald Kennedy John F. Kennedy was born on May 29, 1917. He was born in Brookline Massachusetts, to Rose and Joseph Kennedy. He was also the grandson of John Francis Fitzgerald, the popular mayor of Boston known as Honey Fitz. At theRead MoreJFK Assasination Conspiracy Theories Essay3168 Words   |  13 Pagestheorists. John Fitzgerald Kennedy, our 35th, youngest elected president, was killed that day. Many say Lee Harvey Oswald was the shooter but I think Oswald never even pulled the trigger. Oswald was just an easy mark to pin the crime on, he was set up, most likely by the CIA who he was speculated to be a member of. This topic has long interested me since I was a little kid. I would always ask why our government would lie about how and why JFK was killed, it did not make any sense

It530 Free Essays

Assignment Grading Rubric Course: IT530 Unit: 5 Points: 120 Copyright Kaplan University Unit 5 Assignment Outcomes addressed in this activity: Unit Outcomes: Explain flow control and congestion management and their significance to overall network performance Evaluate standard routing techniques and their application to a business’ internet connectivity Recommend a comprehensive security plan Plan and describe methods to secure data including encryption techniques and security protocols Assess LAN communications and management protocols and examine their significance in business environments Course Outcomes: IT530-5: Analyze issues surrounding the connectivity and administration of networks. Assignment Instructions: 1. In recent years, the concept of â€Å"ethical† hacking has grown in importance as more companies consider hiring â€Å"black hat† hackers as security consultants. We will write a custom essay sample on It530 or any similar topic only for you Order Now Research the elements that comprise â€Å"ethical† hacking. In what ways does ethical hacking differ from â€Å"black hat† hacking? Put yourself into the position of a system administrator considering hiring a hacker. How would you ensure that this individual was actually strengthening your company’s network security rather than hacking into your company’s sensitive data? Would you even consider hiring a hacker in the first place? Why or why not? Try to find at least one example of a real world â€Å"ethical† hacker being hired; was it a good or bad decision on the part of the company? 2. Based on your research, write an 8 to 10 page paper that researches the concept of â€Å"ethical† hacking, as well as the ethical dilemmas inherent in hiring a hacker as a security consultant. Preparing your Assignment The written essay/paragraph formatted paper should be 8 – 10 pages long NOT including cover page and references. As you research ethical hacking, ALL of the pages must have citations and references. No more than one direct quotation (of 40 words or more) is allowed per page and bullet lists without substantial narrative included are strongly discouraged. There should be no spelling or grammar errors. All written assignments should be in APA format. APA formatted in-text citations and references are required for all sources, and all figures and tables must be captioned in APA format. If you are unfamiliar with APA formatting, please see the Kaplan Writing Center for more information on how to work with APA. Directions for Submitting Your Assignment: Compose your assignment in a Microsoft Word  ® document and save it as Username-IT530 Assignment – Unit#. doc (Example: TAllen- IT530 Assignment-Unit5. doc). Submit your file by selecting the Unit 5: Assignment Dropbox by the end of Unit 5. Assignment Grading Rubric Course: IT530 Unit: 5 Points: 120 Copyright Kaplan University Assignment requirements: All papers must meet these standard requirements: Paper follows APA formatting Length is 8-10 pages long not including references and cover page No more than three bulleted or listed points per paper. No more than one direct quote per page from a reference source and those quotes must be properly cited within the body and in the references at the end of the paper Title page Reference page No spelling errors No grammar errors *2 points will be deducted from grade for each occurrence of not meeting these requirements. Review the grading rubric below before beginning this activity. Unit 5 Assignment Grading Rubric = 120 points Assignment Requirements Points possible Points earned by student Document includes introductory paragraph discussing the general concepts of ethical hacking as opposed to black hat hacking. 0-30 Document includes well supported argument pro or con for hiring a hacker as security consultant. 0-30 Document includes example of â€Å"real world† hiring of hacker and discusses the outcome. 0-30 Discussion of ethical hacking considerations should be substantial nd flow logically. 0-30 Total (Sum of all points) Less: Standard Requirements points deductedAssignment Grading Rubric Course: IT530 Unit: 5 Points: 120 Copyright Kaplan University Assignment Total For more information and example of APA formatting, see the resources in Doc sharing or visit the KU Writing Center from the KU Homepage. Also review the KU Policy on Plagiarism. This policy will be strictly enforced on all applicable assignments and discussion posts. If you have any questions, please contact your professor. How to cite It530, Papers

Win Aung Essays - Behavior, Abuse, Human Behavior, Persecution

Win Aung Debra WRTG 900 2/25/17 Bullying negative outcomes As a lesson, today, any type of bullying should be taken seriously and acted upon accordingly. Because bullying induces several negative outcomes. Cyber bullying can cause people to feel unhappy. For example, the victim, undesirably, has to go through many negative emotions such as depression, isolation, aggression, and suicidal thoughts. When the victim feels these kinds of emotions, they feel like they don't belong in this world. Therefore, they can commit suicide because they might feel intimidated, afraid someone would treat them different all their lives. In addition, they can often feel the lack of affection, love, the lack of ability to do something, and the lack of friendship. It also has downward side for the people who like to bully: they may end up in a place where they don't see lights, end up in a place where small amounts of food are given, and end up in a place where no privacy is given. Physical bullying can have negative results to both the victim and the victim's family. For example, if the victim commits suicide, the victim's family spends time grieving and regretting of not realizing the situation that caused the loved one to die. Physical bullying can also cause people misery. For instance, in the last few years, a bully stood outside waiting for someone to pick on. Unfortunately, nobody knew why the victim looked sad. At the end of the semester his grade showed up as failing. The victim's family had a hard time communicating with him. One day, as the bully kept on insulting the victim, the victim couldn't take it anymore; he committed suicide. Soon the investigators, found out the cause of the victim's death. The antagonist got arrested. Then soon the bully was in a dark cell. On the victim's family side, things did not end up pretty; the parents have psychological issues and grieve every day. Mental bullying is when someone calls others by names that they don't wish to hear. It can result in violence. For example, there is one kid in Granite Park Jr. High Middle School, in Salt Lake City, UT, who is around fourteen years old, a bully. One day in recess, the bully went up to another kid, a victim. The bully started calling the victim by very offensive names. The way he reacted toward the bully is amazing, the victim just looked up at him and just let it slide. Another day, another time, the bully started calling the victim by names again. The victim this time did not let it slide. Instead he went up to the principal's office, and he described what had happened. The victim thought things would be better. But the victim still saw the bully, the victim heard the bully call the victim by offensive names over and over; Therefore the victim started to act; there was big fight and there was blood everywhere. Clearly, bullying does not result in happiness, and the bully cannot escape what he did. People feel all kinds of emotions, it doesn't help the family, the victim, or the bully. If you are one of these types of people you will not be happy at the end. Why do I say this? Because the family felt miserable, because they couldn't act if they don't realize the circumstances. The victim can end up dead, where is the happiness for him? There is none. The bully can end up in jail for what he did, spending his life in a dark room, with little pieces of food to fill up the stomach. Therefore, any types of bullying should stop.

Doing Good vs. Helping

Doing Good vs. Helping Doing good deeds for people does not always lead to beneficial results. Even if something is done with good intentions, there is always the possibility that it can backfire and actually cause damage. There is a large dependency on what the person doing the deed sees as good. Also, deeds done with good intentions do not always result in wholly good outcomes. Actions can have a positive effect on the situation at hand, but, in turn, have a negative effect on some related situation. There is also the possibility that an action may prevent something better that would have otherwise occurred.When a person tries to help another, the deed that is done might only appear beneficial to the person trying to be generous. For example, when a samurai is defeated in battle but is not killed, rescuing them may appear to be the humane thing to do. However, the samurai would see dying in combat much more honorable than fleeing.I took this photo of a document I ownIn this, point of view is the key fact or in deciding whether or not the action taken is truly good. Giving starving people food from an animal they held sacred would achieve a similar result. If a country wished to ship relief materials, which included beef, into a country highly populated by Hindus, a seemingly good deed could turn disastrous. The Hindus would not only have no use for the meat, but also be offended by the offer because the Hindu people regard the cow as a holy animal. The amount of good that is done is again dictated by point of view. In a milder way, if a person having software issues is using a program that is outdated, a technician might see upgrading to a newer program as the simplest solution. If the user is familiar with...

History and Overview of Levittown Housing Developments

History and Overview of Levittown Housing Developments The family that had the greatest impact on postwar housing in the United States was Abraham Levitt and his sons, William and Alfred, who ultimately built more than 140,000 houses and turned a cottage industry into a major manufacturing process. -Kenneth Jackson The Levitt family began and perfected their home construction techniques during World War II with contracts to build housing for the military on the East Coast. Following the war, they began to build subdivisions for returning veterans and their families. Their first major subdivision was in the community of Roslyn on Long Island which consisted of 2,250 homes. After Roslyn, they decided to set their sights on bigger and better things. First Stop: Long Island, NY In 1946 the Levitt company acquired 4,000 acres of potato fields in Hempstead and began to build not just the largest single development by a single builder but what would be the countrys largest housing development ever. The potato fields located 25 miles east of Manhattan on Long Island was named Levittown, and the Levitts began to build a huge suburb. The new development ultimately consisted of 17,400 homes and 82,000 people. The Levitts perfected the art of mass-producing houses by dividing the construction process into 27 different steps from start to finish. The company or its subsidiaries produced lumber, mixed and poured concrete, and even sold appliances. They built as much of the house that they could off-site in carpentry and other shops. The assembly-line production techniques could produce up to 30 of the four-bedroom Cape Cod houses (all the homes in the first Levittown were the same) each day. Through government loan programs (VA and FHA), new homeowners could buy a Levittown home with little or no down payment and since the house included appliances, it provided everything a young family could need. Best of all, the mortgage was often cheaper than renting an apartment in the city (and new tax laws that made mortgage interest deductible made the opportunity too good to pass up). Levittown, Long Island became known as Fertility Valley and The Rabbit Hutch as many of the returning servicemen werent just buying their first home, they were starting their family and having children in such significant numbers that the generation of new babies became known as the Baby Boom. Moving On to Pennsylvania In 1951, the Levitts built their second Levittown in Bucks County, Pennsylvania (just outside of Trenton, New Jersey but also near Philadelphia, Pennsylvania) and then in 1955 the Levitts purchased land in Burlington County (also within commuting distance from Philadelphia). The Levitts bought most of Willingboro Township in Burlington County and even had the boundaries adjusted to ensure local control of the newest Levittown (the Pennsylvania Levittown overlapped several jurisdictions, making the Levitt companys development more difficult.) Levittown, New Jersey became widely known due to a famous sociological study of one man Dr. Herbert Gans. University of Pennsylvania sociologist Gans and his wife bought one of the first homes available in Levittown, NJ with $100 down in June 1958 and were one of the first 25 families to move in. Gans described Levittown as a working class and lower middle class community and lived there for two years as a participant-observer of the life in Levittown. His book, The Levittowners: Life and Politics in a New Suburban Community was published in 1967. Gans experience in Levittown was a positive one and he supported suburban sprawl since a house in a homogenous community (of almost all whites) is what many people of the era desired and even demanded. He criticized government planning efforts to mix uses or to force dense housing, explaining that builders and homeowners didnt want lower property values due to increased density adjacent commercial development. Gans felt that the market, and not professional planners, should dictate development. It is enlightening to see that in the late 1950s, government agencies such as Willingboro Township were trying to fight developers and citizens alike to build traditional livable communities. A Third Development in New Jersey Levittown, NJ consisted of a total of 12,000 homes, divided into ten neighborhoods. Each neighborhood had an elementary school, a pool, and a playground. The New Jersey version offered three different house types, including both a three and four bedroom model. House prices ranged from $11,500 to $14,500 virtually ensuring that most of the residents were of somewhat equal socioeconomic status (Gans found that family composition, and not price, affected the choice of the three or four bedrooms). Within Levittowns curvilinear streets was a single city-wide high school, a library, city hall, and grocery shopping center. At the time of Levittowns development, people still had to travel to the central city (in this case Philadelphia) for department store and major shopping, the people moved to the suburbs but the stores hadnt yet. Sociologist Herbert Gans Defense of Suburbia Gans 450-page monograph, The Levittowners: Life and Politics in a New Suburban Community, sought to answer four questions: What is the origin of a new community?  What is the quality of suburban life?What is the effect of suburbia on behavior?  What is the quality of politics and decision-making? Gans thoroughly devotes himself to answering these questions, with seven chapters devoted to the first, four to the second and third, and four to the fourth. The reader gains a very clear understanding of life in Levittown through the professional observation made by Gans as well as the surveys that he commissioned during and after his time there (the surveys were sent from the University of Pennsylvania and not by Gans but he was upfront and honest with his neighbors about his purpose in Levittown as a researcher). Gans defends Levittown to the critics of suburbia: The critics have argued that long commutation by the father is helping to create a suburban matriarchy with deleterious effects on the children, and that homogeneity, social hyperactivity, and the absence of urban stimuli create depression, boredom, loneliness, and ultimately mental illness. The findings from Levittown suggest just the opposite that suburban life has produced more family cohesion and a significant boost in morale through the reduction of boredom and loneliness. (p. 220) They also look at suburbia as outsiders, who approach the community with a tourist perspective. The tourist wants visual interest, cultural diversity, entertainment, esthetic pleasure, variety (preferably exotic), and emotional stimulation. The resident, on the other hand, wants a comfortable, convenient, and socially satisfying place to live... (p. 186) The disappearance of farmland near the big cities is irrelevant now that food is produced on huge industrialized farms, and the destruction of raw land and private upper class golf courses seems a small price to pay for extending the benefits of suburban life to more people. (p. 423) By the year 2000, Gans was the Robert Lynd Professor of Sociology at Columbia University. He gave his opinion  about his thoughts on the New Urbanism and suburbia in regard to planners like Andres Duany and Elizabeth Plater-Zyberk, saying, If people want to live that way, fine, though it is not new urbanism as much as 19th century small town nostalgia. More important Seaside and Celebration [Florida] are not tests of whether it works; both are for affluent people only, and Seaside is a timesharing resort. Ask again in 25 years. Sources Gans, Herbert, The Levittowners: Life and Politics in a New Suburban Community.  1967.Jackson, Kenneth T., Crabgrass Frontier: The Suburbanization of the United States.  1985.

International Finance Essay Example | Topics and Well Written Essays - 1750 words

International Finance - Essay Example Furthermore, the models have been estimated with Organization for Economic Co-operation and Development (OECD) estimates of the output gap in relation to the unemployment gap and use these two figures of the same period along with one-year-ahead forecasts for determining the inflation level in order to compare with the real economic activity. Thus, the article provides an assessment of four models with specified Taylor rule. Moreover, the performances of conventional monetary, Purchasing Power Parity (PPP), and interest rate differential model have been evaluated for comparing each of the four models (Molodtsova & Papell, 2010). Due to the unavailability of euro or dollar exchange rates till 1999 when the euro had been introduced, rolling regressions methods have been used to predict the exchange rate changing from the year 1999 along with 26 observations for each regression. However, the number of observations has been kept constant while deriving the results from the year ending 20 07 with 37 predictions, all the way through to 2010, with 45 predictions. The results have further been represented through three test statistics, namely, ‘ratio of the mean squared prediction errors (MSPE) of the linear and random walk models, DMW test of Diebold and Marino (1995) along with West (1996) and the CW test of Clark and West (2006)’ with the significant values of McCracken (Molodtsova & Papell, 2010). The results derived from the Taylor rule fundamentals model reveal an attractive apparent pattern. It has been observed that along with the variables of that period and rising inflation, MSPE of the Taylor rule model is lesser compared to MSPE of the random walk model. Furthermore, utilizing the CW and DMW tests at 5% or higher level for the early predictions of year ended 2007, it has been noted that the random walk null can be discarded in favor of the Taylor rule model. Therefore, following the number of predictions increase, the strength of the rejections increased which hit the highest level in 2008. However, from the next quarter of 2008, the strength of the rejections started to decline and thus, climbed to the extreme level of financial crisis thereby, favoring the Taylor rule specifications sharply. In 2009, the ‘phoenix’ Taylor rule forecasting evolved which was discarded in favor of Taylor rule models at 1% implication level for all specifications between 2009 and 2010. Although the pattern of results has similarities with the inflation level in the beginning of 2008, the strength of the rejections is weaker. Furthermore, the results derived from forecasted variables are weaker than actual variables from that period (Molodtsova & Papell, 2010). Mark (1995) theories focused on obtaining a set of long-run fundamentals from the different models which helped in evaluating out-of-sample forecasts on the basis of the difference between the present exchange rate and its value in the long run. Another part of the theory u ses the interest rate obscured by Taylor rule whereas, Molodtsova and Papell (2009) uses the variables that are utilized in Taylor rules to estimate the exchange rate predictions. Furthermore, the Taylor rule fundamentals model helps to evaluate the correlation between the exchange rate and a number of variables that

Transitional Media Corporations Essay Example | Topics and Well Written Essays - 3750 words

Transitional Media Corporations - Essay Example New World Information and Communication Order (NWIO) activists at UNESCO and structural theorists revisit this argument over and over when naming the believed destructive impact that the existing global communication system has on world’s culture (Aris & Bughin 2009). The structural argument states that Western media function as a medium of Western culture, Western customs, and Western values. In conjunction with entertainment and news, Western media transmit to Third World countries depictions of a more affluent life and more adventurous ways of life (Herman & McChesney 1997). To the point that LDCs are reliant on the West for the broadcasting of their global news and entertainment, they supposedly become embedded in the cultural representation of the West. Images of Western culture are believed to generate economic, political, and social changes in world’s culture via the demonstration effect. Western media supposedly kindle aspirations on the part of the LDCs to imit ate the culture of Western countries (Thussu 1998). This is a culture rooted mostly on consumer-oriented and capitalist economies. As aspirations for a more westernised culture heighten, so do the desires for Western products and services. Consequently, this purportedly results in elevated importation of goods from Western countries and heightened reliance by Third World countries on their Northern trading partners (Chalaby 2009). As stated by Anthony Smith. The structural argument states that Western media function as a medium.

The Great Eastern Life Assurance Company Limited

The Great Eastern Life Assurance Company Limited Great Eastern started to operate in 26 August 1908 as a branch office of The Great Eastern Life Assurance Company Limited. It has the distinction of being the oldest life insurance company in Malaysia and Singapore and it is owned subsidiary of Great Eastern Holdings Limited (GEH) and its parent company is Oversea-Chinese Banking Corporation Limited (OCBC). It was transferred to a locally incorporated public company, Great Eastern Life Assurance (Malaysia) Berhad. The Chief Executive Officer, CEO of Great Eastern is Mr. Koh Yaw Hui. Great Eastern was certified as the â€Å"Oldest and Largest Life Insurer† in Malaysia by the Malaysia Book of Records in 1998. It is the largest and most established insurance company in the country with 24 branch offices nationwide and a strong service network of more than 17,000 agents. These locations include Alor Setar, Batu Pahat, Bintulu, Ipoh, Klang, Melaka, Penang and so on. The main office located at Jalan Ampang, Kuala Lumpur. Besides that they also expand their business to China, Indonesia and Brunei. According to statistic, Great Eastern is the largest group and market leader in Malaysia and Singapore with the total assets of $45 billion and 3million policyholder. Among the 16 insurance companies in Malaysia, Great Eastern is the largest in term of assets and biggest in term of market share compare to other competitor. The slogan of Great Eastern is â€Å"Life is great!† and the mission of Great Eastern is to make life great by providing financial security, and promoting good health and meaningful relationships and their vision is to be the leading financial service provider in Asia. As a company dedicated to the people business, it always provides solution on financial planning, protection and savings to meet their customers’ needs. Generations of individuals, families and businesses have been and will continue to be assured of their financial security with the companys full range of products such as life insurance plan, investment-linked plans, mortgage protection, business protection, employee benefits, medical insurance and group health benefit schemes. Great Eastern also offers full range of products to the potential customers whether individuals, families or organizations. Great Eastern offers flexible and affordable group health benefits and protection schemes to both the corporate and public sectors employees. Customers can purchase the products and services provided by the company according to their needs through the agents. Now a day, Great Eastern is on the track to becoming the leading financial service provider in Asia. Further, Great Eastern is ready to be the only choice of financial service provider in the region and beyond in accordance of integrity, initiative and involvement. Thus, Great Eastern has introduced a variety of products to meet consumer needs. Those products may classify into several categories as life insurance, health protection, investment-link, retirement planning and saving plan. Great Eastern continues to forge ahead through the greater use of proven leading-edge technologies to improve their business processes to create a unique customer service experience, and deliver greater value to their clients. On their website, they offer e-Connect facilities to allow policyholders to obtain their policy information on-line. It will reduce the cost for searching the information. In order to smoothen the operation and better manage their enormous customer base, Great eastern has adopts many Information technology (IT) and information system (IS) from the market-leading insurer and help to transform the company operation. Different system used by different department such as top management, middle management and operational management. Every department will used different information system according to the function and operations. The information systems adopted by Great Eastern are outsourcings also in-house development. It means that they purchase the relevant software and hardware from the market most of the time to save their cost and also develop the in-house software to perform the specific job and more easily to meet the business requirement. With the help of current IT and IS, the company are able to perform their business effectively and consistency. Besides that it will also resulted in higher level of performance, reliability and scalability of company and it delivers greater value to their clients. Senior Management Team 1. Loke Kah Meng Executive V. President Head Customer Management 2. Margaret Fong Senior V. President Head Operations 3. Lee Pooi Hor Senior V. President Head Information Technology 4. Michelle Tan Yee Ming Head, Group Audit 5. Koh Yaw Hui Chief Executive Officer 6. Cheong Soo Ching Senior V. President Head Risk Management 7. Nancy Lim Senior V. President Head Human Capital 8. Chan Choong Tho Chief Investment Officer 9. Yong Chee Keong Senior V. President Head Customer Acquisition 10. Bruce Lee Executive V. President Head Finance Corporate Affairs 11. Sophia Ch’ng Appointed Actuary 12. Liza Hanim Vice President Company Secretary b) Explore and analyze the current application of IT/IS Across different levels of management Across different functional units Great Eastern is a company that we going to do research. Great Eastern is the largest insurance company in Malaysia and the business had run over 100 years with the supporting from customers. There are over 3 million policyholders for the company. The company has used sophisticate system to run the business. Great Eastern using different information technology and information system to carry their business day-to-day and they used the information system to manage the company more effectively and efficiency. Basically the company used Oracle ERP system which is Oracle E-Business Suite to manage whole enterprise. The company consist of different departments such as Finance and Accounting department, Human Resource department, Sales and Marketing department and Customer Relationship Management department. Each department used different information systems for their operations but all the systems are linked to the Oracle E- Business Suite system. Oracle E-Business Suite Financials Human Resources Projects CRM SCM There are many systems used by the company and the main information system used by the finance department is Oracle Financials (OFIN). The main user of this information system is all the personnel in Finance department. Oracle Financials (OFIN) is one of a group under the Oracle E-Business Suite and it consists of five modules or also known as Oracle Applications. The five applications of the Oracle Financials are Oracle General Ledger, Oracle Payables, Oracle Receivables, Oracle Assets and Oracle Cash Management. Besides using Oracle Financials (OFIN), the company also use other communication system and office system to run their daily business. The communication systems used by the company are E-mail, MSN, and Skype. The communication software allowed the personnel and manager interact with each other and the office they are using is Microsoft Office 2007 such as Microsoft Word, Microsoft Excel and Microsoft PowerPoint. The application of system and software will change when it com e across different level of management. By using Oracle E-Business Suite, it helps Great Eastern to reduce the cost of automating centralizing global transaction processes and produced streamline reporting across its branch offices in Malaysia. The management said that the information maintenance cost of the company have been reduced by 35% after implemented the system. Oracle provides new solutions that help financial institutions include Great Eastern to improve customer intimacy, build competitive advantage among competitor, reduce costs by automating and centralizing the transactional processes and mitigate enterprise risk and it continues to build its financial services leadership. Great Eastern use Oracle E-Business Suite Financials to support their business is because it can meets global financial reporting such as International Financial Reporting Standard (IFRS) and tax requirements by using only one accounting, banking, tax and payments model. Besides that, it delivers pre-integrated financial and industry-specif ic processes and it makes Great Eastern easy to operate shared services across their businesses and regions. As it provides very consistent operation and financial information to the user, it helps the company make the correct decision on investment and business decisions with integrated performance management and business intelligence. The management of Great Eastern had divided into three categories which are executive management, middle management and operational management. The executive management includes the highest management positions in the company such as CEO and CIO, who is primarily responsible for strategic decision making also known as unstructured decisions that centre on the companys overall goals. Every decision is important and non-routine. They will determine the long term objectives, resources and policies of the organization such like where to invest, approve the capital budget and oversee the middle management. While the middle management of Great Eastern such as Finance Department manager is responsible for implementing the strategic decision such as develop a budgeting plan and investment proposal. They make semi-structured decisions which are short-range decision and will oversee operational management. The last layer in the enterprise are operational management includes all the personnel who involved in daily transaction. They need to determine how to carry out the specific tasks set by executive and middle management decision makers. They need to monitor the transaction carefully and ought to follow the procedure. In this case, the staffs of the Great Eastern need to record the transactions make by policyholders and make sure the data is correct. Oracle Applications is installed and link to the servers of a Great eastern. All the personnel from different levels of management in the company include CEO, department manager and normal employees will be given a user name and the password to link to the server. Basically, they connect to the servers in their LAN by using their browsers. The user will receive a menu to choose their responsibility before they proceed to receive another menu of functions to perform. The user may key in the data or what is happening at the company ground needs in a form in applications. In this situation the applications will not allowed to proceed further if there is any errors because the errors will be arrested at every step. The outputs will be a dozens of reports in a different format for Business Intelligence so that the users can make informed decisions based on timely information and for decision makers; they will understand better what is actually happening. The fives modules of Oracle Financials are Oracle General Ledger, Oracle Assets, Oracle Payables, Oracle Receivables and Oracle Cash Management. Oracle Financials 5 modules: Financials Assets (FA) General Ledger (GL) Receivables (AR) Payables (AP) Cash Management (CM) Oracle General Ledger Enterprise G/L Accounting Oracle General Ledger is the most scalable general ledger and the fastest in the market. It can post 40 million journal lines per hour and thus help the company cut down the time in preparing the financial report. It is the most important module which is used to manage the accounting and financial information of Great Eastern. The Oracle General Ledger will tell the company that how much profit they have generate, how much expenses they have incurred, how much assets and liabilities of the company. All the information flows from different modules into Oracle General Ledger module which manages the accounting and helps the management to make decision. Oracle General Ledger provides highly automated financial processing and real time visibility to financial results. Besides, Oracle General Ledger also can support different types of journal processing options. The system allows tailoring the chart up to 30 segments and 25 characters per segment. The user just can enter the segments they would like to enquiry then the system will show the results. Another feature of this system is the chart of account will be secured and prevent other people to access and retrieve the private data. Besides, Oracle General Ledger also can support different types of journal processing options. The user can combine journals and schedule the journals to be generated automatically and it provides spreadsheet integration for journals, reporting, budgets and currency rates. Oracle Asset Enterprise FA Assets The second module of Oracle Financials (OFIN) is Oracle Assets which is used to manage the assets of Great Eastern. The assets could be anything like laptop and computer in the company. With the help of Oracle Assets, the asset management would be automated and accounting tasks would be simplified. Standard accounting, operational, and registry reports are available to ease reconciliation and analysis. Oracle Assets allowed the user to define the depreciation rules according to the regulatory and business needs. The company can choose the method to according to the needs. Great Eastern is a global enterprise; the company is focus on the business in South East Asia. Different country used different depreciation rules to calculate the depreciation charges. As the company grows internationally, Great Eastern need an integrated, flexible system grows exponentially. In this situation, Oracle Assets supports complex reporting requirements includes worldwide financial and tax standards. Great Eastern can obey any regulatory requirements from other country by using flexible user-defined rules to calculate depreciation charge. Oracle Payables Enterprise Vendor AP The third module is Oracle Payables which is used to manage the vendors or the suppliers of the company. The transaction record or data need to enter by the operational level includes what has the company purchased from which vendor? When to pay the suppliers? Does the company pay on time? What methods they used for payment such as by credit or cash? All the transactions between the company and supplier will be record in the Oracle Payables. In the Payment Process Request window, it will show the details about the suppliers with the Great Eastern. It shows the amount, the name of vendor, date of purchased and the schedule of payments. The schedule of payments include the payment currency, amount remaining, discounts given, interest due and also total amount payable. With the help of Oracle Payables, it will optimize the payment strategies of the enterprise. The middle management is given the tools to control the cash flow, oversee the operational management to minimize the errors and the problems of overpayments. Besides that, the system also helps to eliminate the inefficiencies with the standard reports that allow the manager to eliminate the identical or double payments. Another way is Oracle Payables provides real-time, accurate cash position and speculate information so the manager can plans the payment and expenses properly. So in overall, Oracle Payables can improves the margins, infuse corporate and fiscal discipline, and optimizes business relationships between Great Eastern and their suppliers. Oracle Receivables AR Enterprise Customers The fourth module of Oracle Financials is Oracle Receivables. Basically, the information for Oracle Receivables not much different compared to Oracle payables. The difference is this system is used to manage the customers or receivables so it will tell the company that the name of the customers, items bought from the customers such as what insurance policy purchased by the customers. Besides that it would state the payment methods used by the customers and the date of payment made by customers. By using this system, it will show the credit rating of the customers due to the pass payment made by them. All the transactions between Great Eastern and their customers will be recorded in this system. In the Oracle Receivables streamlines invoice entry, it shows the name of the customers, address, contact number, policy number, types of payment, amount of premium, due date, interest due if any and etc. Besides that, it allows the company to increase their cash flow and minimize the bad debt through Oracle Receivables system and better control for the manager. Oracle Receivables allows company to go globalization. With this system, Great Eastern has the flexibility to respond to the global market needs, support any regulatory requirements and so present documents in customer’s language and also enhanced customer relationship. With the flexibility, it helps the enterprise to calculate the currency gain or loss automatically so the finance staffs they no need do the complex calculation by themselves and also able to report in multiple currencies. Oracle Cash Management CM Enterprise Bank The last module of Oracle Financials is Oracle Cash Management. It helps the company to reconcile the bank statement and it will tells that whether bank has made error not, how many bank accounts the company have and also what is the status of the bank account. It allows Great Eastern to manage the firms liquidity and control of cash. Oracle Cash Management gives the company directs access to expected cash flows from their operational systems. By using the company can analyze enterprise wide cash requirements, cash management and currency exposures more quickly, to ensure liquidity and optimal use of cash resources. As it provides flexibility in cash forecasting, in different currencies, different organization and for multiple time periods, the middle and senior management can use the system to forecast the cash flow in future based on forecasted transactions for example outstanding orders and invoices that may be create a cash flow in future. Besides that, real time cash positioning will minimize the idle cash. Real time cash positioning is important to prevent overdrafts of bank balance and helps the company manage their liquidity effectively. c) Explain how the use of such IT/IS application can help to change or manage the organization decision making and business process. Information Flow Payables (AP) Assets (FA) General Ledger (GL) Cash Management (CM) Receivables (AR) Great Eastern Finance department had used Oracle E-Business Suite to automate their general ledger and accounts payable and receivable processing, cash management and as well as their fixed assets. Oracle E-business Suite able to help the company automate budgeting, purchasing and any forecasting process include future cash flow and thus allow for online payment to the supplier or vendor. Without the information system, they have to do all financial budgeting and forecasting job manually by using the Microsoft Excel spreadsheets and it will cause time consuming and the information produced may not be accurate and limited. Each module in the Oracle Financials will talk to each other means that information from one module will flow to each other although they are stand alone software. In this case, the management is easier to retrieve different information from different area. By using standardized software, it simplifies interdepartmental sharing of data as well as information and they are able to get all the information they want. Besides that, the information system will also help to manage the enterprise risk and reduce compliance costs. All the modules will link together and it will provide sufficient reliable information for the management of Finance department to make any short term or long term decisions. For example, the Oracle Financials modules are linked to each other, the Finance manager can refer to different modules at the same time to forecast future cash flow and to control the daily transaction more effective. The manager may use the software to make a right investment decision in the business. Great Eastern used Oracle E-Business Suite to improve their budgeting and planning. The Finance manager of Great Eastern enters department budget and submits for the senior management to approve. Using the Oracle Cash Management and Oracle Assets, the user can immediately prepare the financial budget and forecast report after approved. Oracle Assets For Oracle Assets, operational management which involves Finance staffs have to enter the original cost of the assets, the useful life of the assets, and the most important step is to choose the depreciation method which the company complied with in order to calculate the accurate depreciation amount for each year. By using the Oracle Assets, it gives the company and department more accurate visibility of capital investments and therefore the middle management like Finance manager will has better control over their capital investment. Once the Finance manager inquiries for the ad-hoc report, he may use the powerful Asset Inquiry to access the information he looking for, including transaction history of the clients, financial details, depreciation profile, capital project details and financial details. The senior management of Great Eastern able to optimize their accounting and tax strategies by projecting depreciation expenses with what-if depreciation analysis. With the assist of Oracle Assets, it drives better decision making and able to optimized business processes at lowest cost. Oracle Cash Management For oracle Cash Management, the operational management will enter all the past transaction data into Oracle Cash Management for example the cash inflow and cash outflow then the system will calculate the net cash flow. The middle management they only enter the duration they going to forecast for example 3 months from now, they also need to choose the forecast currency then the system will do the calculation and forecast the future cash flow of the company. The Finance manager can base on the forecasted result and decide how to allocate the cash and how much to invest in which area to maximize the revenue of company. The user can do their budgeting and forecasting without rely on the hard copy report, because all the data will easily and quickly turns up on time which will increase the accuracy of forecast. It will also make sure the accurate information of the company’s assets between Finance department and line of business will help the manager make better decision on budgeti ng. Without the assist of the system, it may take up to 2 weeks to make the report available to the manager. After preparing the budget and forecast report, it will helps the Finance manager to have an clearer picture on how to allocate the funds in different area of investments such as shares market, bond, unit trust or deposits. In addition, Oracle Cash Management can build a cash forecast based on forecasted transactions like outstanding order and invoices. With this, the user in Finance department can analysis the past transactions from the customers and suppliers such as receipt and past payments into future. Once the budget and forecast report was approved, the budget data will be upload into Oracle General Ledger for combination. After that the budget is ready to use by the Finance department. Besides that, the month-end report also can be created within a day allowed the faster response to inquiry by the Finance manager. Oracle General Ledger Finance department staffs are using Oracle General Ledger and Oracle Cash Management to done their day-to-day business transaction include oversee the invoicing, budgeting and also company cash flow. The Oracle applications are integrated with each other, it makes the financial information more stable and reliable and stored in a single database. It gives the higher visibility to the manager into financial matters. Basically the manager will have confident in making any financial decisions because the data provided is accurate and is the latest one considered as up-to-date data. Operational management in Great Eastern Finance department used the Oracle General Ledger to enter the daily accounting transaction. The finance staffs just need to enter the correct data such as the premium amount; expenses and amount claim from policyholders then the system will help them to perform the task. Since the system performs the task in automated way, it will minimize the error make by people and increase the efficiency. For middle management, they will oversee the operational level. Since Oracle General Ledger provides flexible chart of accounts and reporting structures, the finance department manager can based on the report and make the decision. Oracle General Ledger allows the middle management to have a complete control and flexibility to design their own chart of accounts. They need to know the amount of insurance premium delay or accrue by the policyholders and send the notifications to reminder them to pay off. Furthermore, they can control the budget and expenses made by the department based on the accounting record. Oracle General Ledger also provides flexibility to the management level to response to their inquiry. The manager only enters the segment they want then the system will show the result to manager. From the result, the manager will know the balance of the account, the amount paid to the suppliers and received from customers. The senior management use Oracle General Ledger to check on the profitability revenue growth of the Great Eastern. The CEO of the company can use the system to check the balance each month because the system provides the feature of automated month-end close processing. It allows the senior management to optimize the use of resources they have such as, cash, assets and budget to generate more income for company in future. From the accounting record, Finance department will know the profitability revenue growth in the past; it will help the company to make better decision in the future and fully utilize the resources that the company has to generate higher revenue by referring to the accounting record produced by Oracle General Ledger. Oracle General Ledger’s Financial Statement Generator (FSG) improves the precisely and timeliness of financial reporting. FSG supports many output options includes PDF, HTML, text and spreadsheet outputs. In addition, the staffs are allowed to create quality reports by defining the report layouts using word processing application and leveraging formatting features like change the font size, colour and adding logo. Oracle Receivables Oracle Receivables is a module which enables the Finance department to manage all the transaction made by the customers. The staffs have to enter the information of the customers like name, policy number, date, types of purchases and amount of purchases in order to reduce the error. Oracle Receivables will do calculation with data, determine the premium amount need to pay by the policyholders and calculate the interest due if the policyholders failed to pay the premium on time. The task will be automated so it will help to reduce the personal error and provide more accurate and timely data. Based on this system, the operational management will send the notification letter to the customers and tell the customers when they need to pay the premium. Basically the information from this system will flow to Microsoft Office- Microsoft Word in preparing the notification for customers. In order to optimize customer relationships with the company and provide strategic information, Oracle Receivables allows the finance staffs to streamline invoicing and receipt. The data enter will be saved in the database and easy for user to retrieve data next time. In addition, it will let the management know the credit rating of the customers and so they will always focus on the loyal customers once they introduce new product. With the assist of Oracle Receivables, the middle management know who is unlikely to make payment on time and they will find out the solutions try to enhanced the relationship between the customers with enterprise and reducing the time and effort required to process customer payments thus resolve disputes. By using Oracle Receivables, the senior management of the company can provides variety of convenient payments to the customers to make payment like using credit card, debit card, check or cash. This will encourage timely payment and reduce their day sales outstanding (DSO). Oracle Payables Oracle Payables are deal with the transaction for suppliers. By using this system, it will tell the company when they should pay to the suppliers. Oracle Payables will show the amount, date and the name of person or organization that the company should pay on time in order to maintain a good credit rating and trustworthily form the creditor. With the help of Oracle Payables, it will optimize the payment strategies of the enterprise. The middle management is given the tools to control the cash flow, oversee the operational management to minimize the errors and the problems of overpayments. The management level can based on this system decide what types of payment they should pay first and what the payment method is. This system supports shared services functionality which promotes best practice for Great Eastern. Besides that, Oracle Payables also provide full scale support for Great Eastern including foreign currency transactions and also future date payment. So in overall, Oracle Payables can improves the margins, infuse corporate and fiscal discipline, and optimizes business relationships between Great Eastern and their suppliers. Office and communication system For Office Automation System (OAS), Great Eastern Finance department using Microsoft Office 2007 in perform their daily business. It is designed to increase the productivity of data workers in the office by supporting the coordinating and communicating activities of the typical office. The most common office tools used by the finance staffs are Microsoft Word and Microsoft Excel. The staffs are using Microsoft Word to prepare the report and letter or document required by the manager. Basically, the financial report of Oracle Financials will link to Microsoft Word and PDF directly so the staffs no need to prepare again the report by their own. The Finance staffs use Microsoft Excel to do some simple calculation such as the total premium amount paid by the customers, the monthly collection, interest payment and etc. Besides that, they also used Microsoft PowerPoint when there is a meeting of the department. The presenter will show the slides by using Microsoft PowerPoint to make it mor e interesting. Besides that, the company also uses communication software in order to communicate with each level of the department. The most common communication way is to use E-mail. Each staffs in the company from lowest to top management are given their own E-mail address for internal use and external use. For the internal use, the colleague can send the document, notice or information through E-mail to a

How Overfishing has undermined the Quality of Life in the Atlantic Region Essay

The Atlantic region of Canada has been affected by many issues that influence communities in various ways. Overfishing is one of such issues and has caused the formation of dissimilar opinions from the Government of Canada and communities in provinces such as Nova Scotia, New Brunswick, Newfoundland, Labrador and Prince Edward Island. The government is constantly putting pressure on fishermen by implementing policies   that bar them from fishing certain species of fish such as the Atlantic cod (Gadus Morhua) and salmon (Blanchette, 1994). On the other hand, fishermen in the Atlantic region are usually stressed because they cannot accumulate enough money to support their families because of the limitations and quota on maximum catch and type of fish species caught as directed by the government (Hauser & Carvalho, 2009). Thus, there is a dilemma on whether to mitigate depletion of fish stocks by limiting fishing activities or allow the fishermen more catch to improve their welfare. Government efforts to stop depletion of fish The Government of Canada as been concerned that uncontrolled fishing leads to rapid depletion of fish stocks (Hauser & Carvalho, 2009). This is true in view of the fact that uncontrolled or unregulated fishing encourages fishermen to devise many techniques of catching fish, some of which may be harmful to fish stocks in the long run.   In addition, uncontrolled or unregulated fishing encourages fishermen to encounter a lot of bycatch since they may use gear that captures many fish of undesirable size or species that are not required and ultimately discard them (Rothschild, 2007). In an attempt to mitigate depletion, the Government of Canada has implemented other limitation measures such as requiring fishermen to venture into the ocean to a maximum of 100 kilometers from the shore and the fishermen are not allowed to catch salmon or cod (Hutchings & Reynolds, 2004). But fishermen are of the opinion that they are entitled to fish anywhere in the Atlantic Ocean because that is their mode of earning a living. It is now evident that the quality of life of people in the Atlantic region has deteriorated because of the limitation imposed on fishing and the decline in fish stocks due to overfishing. This is discussed in the following section. Implications of the decline in fish stocks in the Atlantic region There are concerns that the limitations imposed by the government on fishing and the general decline in fish stocks has caused major job losses since many fishermen   have been forced   out of the fishing industry (Lauck et al, 1998). This has been translated to other industries such as fish processing factories that have realized declines in productivity due to shortage of fish, thereby implementing massive job cuts. Whereas fishermen and other communities in the Atlantic region express their frustration at the government’s decision to limit fishing, there is evidence that indeed fish stocks have declined and if no corrective measures are taken the situation is bound to deteriorate. Marine biologists have expressed concern that the Atlantic salmon and cod populations have declined greatly and the two species are on the verge of extinction (Tegner & Dayton, 2000). The government has been discouraging fishermen from fishing the salmon and cod, instead advising them to target the seal (Tegner & Dayton, 2000). Although this may sound as a solution to the depletion of salmon and cod, it is not a very good idea since the seal is not very popular among the community and is equally endangered. Fishermen have argued with the government over this problem and no agreement has been arrived at yet (Tegner & Dayton, 2000). The government has noted that the high concentration of fishermen in the Atlantic region is the cause of overfishing and would like to discourage this by ensuring that the fishermen are dispersed (Lauck et al, 1998). But this move tends to discourage fishermen from their occupation since they are fond of going fishing as a community. This notwithstanding, the current situation is that fishermen continue to capture young salmon and cod (recruitment overfishing), which hinders continuity of the fish population. Case study: Newfoundland High rates of depletion of fish in Newfoundland (figure 1) have had major ecological and economic implications in recent decades. Many species of fish have been lost, thus posing a risk of collapse of the Atlantic fishery. Consequently, the Newfoundland region has lost a precious source of food, which was depended upon by people for dietary purposes, social values, and economic purposes. Newfoundland province is one of the areas that have recorded highest rates of job loss due to fishermen’s withdrawal from fishing. Singe 1992, Newfoundland has been identified as the region that recorded the worst collapse in the fishery industry, particularly the cod fishery. The collapse of the fishery industry was caused by a long period of mismanagement characterized by overfishing. The corollary of the collapse of the fishery was that as many as 40,000 people lost their sources of livelihood and the ecosystem went under a condition complete decay (Blanchette, 1994; Myers, Hutchings & Barrowman, 1997). Today, almost 17 years after the collapse of the Newfoundland fishery, fishermen are still waiting for cod stocks to stabilize; but the tussle between the government and fishermen remains. As a result, the Newfoundland community fish-eating culture has undergone a significant transformation. Many people have turned to eating crabs as a delicacy to supplant the cod, a contrast to the common opinion that the crab is a nuisance to many people in Newfoundland (Rothschild, 2007). The situation in Newfoundland presents major issues that need to be addressed. One is that overfishing changed the once economically vibrant Newfoundland fishing community to a state of dependence on other economic activities that are not as viable as fishing. Secondly, there is a slim chance that the fishery will improve since anglers still insist on having rights to access the fishery. The insistence by fishing communities to fish in unproductive waters shows how important the fishery is to the community; yet overfishing has increased the people’s dependence.

The Uses and Advantages of Corrugated Plastic

There are two main types of corrugated plastic. Corrugated plastic sheet usually comprises what appear to be three layers - two flat sheets with a ribbed center layer. In fact, they are really two layers, often referred to as twinwall plastic. Corrugated plastic can also mean sheets of plastic which are wave-like in profile and may be reinforced with chopped glass fiber. They are a single layer and used mainly for roofing of garages and outhouses, but gardeners also use them to build sheds. Here we will focus on the twinwall version, also known as a corrugated plastic board or fluted plastic board. How Corrugated Plastic Sheets Are Made The materials used include polypropylene and polyethylene, widely used and versatile thermoplastics. Polypropylene has a neutral ph and is resistant to many chemicals at normal temperatures, but can be dosed with additives to provide a variety of other resistance such as UV, anti-static and fire resistance, for example. Polycarbonate is also used, but this is a much less versatile material, particularly in respect of its relatively poor impact resistance and brittleness, although it is stiffer. PVC and PET are also used. In the basic manufacturing process, the sheet is extruded; that is the molten plastic is pumped (typically with a screw mechanism) through a die that provides the profile. Dies are typical 1 - 3 meters wide, delivering a product of thickness up to 25 mm. Mono- and co-extrusion techniques are used depending on the precise profile required. Advantages and Uses In buildings: Suppliers claim it is an ideal material for storm shutters and that it is 200 times stronger than glass, 5 times lighter than plywood. It does not require painting and maintains its color, it is translucent and does not rot.Clear polycarbonate corrugated sheet is used for roofing sunrooms where its rigidity, lightweight and insulating properties are ideal, and low impact resistance is less of an issue. It is also used for small structures such as greenhouses where its air core provides a useful insulating layer.Humanitarian Relief: The material is ideal for temporary shelters need after flood, earthquake and other disasters. The lightweight sheets are easily transported by air. Easy to handle and fix to wooden frames their waterproof and insulating properties offer rapid shelter solutions when compared to traditional materials such as tarpaulins and corrugated steel sheets.Packaging: Versatile, flexible and impact-resistant, polypropylene board is ideal for packaging co mponents (and agricultural produce too). It is more eco-friendly than some molded packaging which cannot be recycled. It can be stapled, stitched and easily cut to shape with a hobby knife.Signage: It is available in a wide variety of colors, is readily printed on (typically using UV printing) and can easily be fixed using a wide variety of methods; its lightweight being an important factor.Pet enclosures: It is such a versatile material that rabbit hutches and other domestic pet enclosures are built with it. Fittings such as hinges can be bolted to it; being non-absorbent and easy to clean it offers a very low maintenance finish.Hobby Applications: Modellers are using it to build airplanes, where its lightweight combined with rigidity in one dimension and flexibility at right angles provides properties ideal for wing and fuselage construction.Medical: In an emergency, a section of a sheet can be rolled around a broken limb and taped into place as a splint, also providing impact pro tection and body heat retention. Corrugated Plastic and the Future The uses that this category of the board are put to demonstrate its fantastic versatility. New uses are being identified almost every day.  For example, a patent has recently been filed to use layered sheets (alternate layers fused at right angles) in air-to-air heat exchangers. Demand for corrugated plastic is sure to grow, but as many of the plastics used are dependent on crude oil, the raw material costs are subject to the fluctuations (and inevitable growth) of oil prices. This may prove to be a controlling factor.

The Truth Will Set You Free - 855 Words

Isaiah Houston Mrs. Dempsey English 3, Period4 October 15, 2012 The Truth will set You Free â€Å"Honesty is the best Policy†- Benjamin Franklin. Ever since we were young our parents, teachers and mentors have told us that we should be honest with ourselves and each other. When people lie and act deceitful it will eventually catch up to them. I think that the lies people tell will start to pile up and weigh down your conscience. A prime example of this is in Arthur Miller’s play, the Crucible, when John Proctor hides his affair with Abigail and it continues to haunt him. In Arthur Miller’s the Crucible, he uses John Proctor’s character to illustrate that the truth will put one’s mind at ease and he/she will be set free. With witch†¦show more content†¦God forbid I take it from him† (page 145)! Personally I think that Elizabeth can speak for everyone when she says that John has made right with everybody and has a clear conscience as he goes to his grave. People can truly be considered honest when t hey’re willing to sacrifice yourself for others. In Arthur Miller’s the Crucible, he uses John Proctor’s character to illustrate that the truth will put your mind at ease and set you free. When you lie and act deceitful it will eventually catch up to you. Like when Abigail tells all her lies and they eventually catch up to her, causing her to flee Salem. A prime example of this is in Arthur Miller’s play, the Crucible, when John Proctor hides his affair with Abigail and it continues to haunt him. Ever since we were young our parents, teachers and mentors have told us that we should be honest with ourselves and each other. â€Å"Honesty is the best Policy†- BenjaminShow MoreRelatedThe Truth Will Set You Free864 Words   |  4 PagesBenjamin Franklin once stated that â€Å"Honesty is the best policy; the truth will set you free†. 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Another example is getting up to go to work, although it may look compulsive, it really is a choice you make every day. Truth: â€Å"Truth is what so is about something, the reality of the matter