Financial Disintermediation - 1396 Words

Disintermediation refers to: (1) the investing of funds that would normally have been placed in a bank or other financial institution (financial intermediaries) directly into investment instruments issued by the ultimate users of the funds. Investors and borrowers transact business directly and thereby bypass banks or other financial intermediaries. (2) The elimination of intermediaries between the first case providers of capital and the ultimate users of capital, withdrawal of funds from financial intermediaries such as banks, thrifts, and life insurance companies in order to invest directly with ultimate users. In America, most mutual savings banks are located in the Northeast, and are owned by their depositors and borrowers. A mutual†¦show more content†¦Borrowers can hope to borrow at lower cost as a result of disintermediation. Investors lose the safety of bank deposits but then they also should get better rates of return. Investors take on some extra risk which can be controlled through the usual mechanisms of diversification and the selection of appropriate investments. At the same time disintermediation eliminates the banks interest margin and this benefit is shared by investors, borrowers and investment market intermediaries and advisors. Decline of Traditional Banking: Financial Innovation and Financial Disintermediation. 1. Money market mutual funds - competition for bank deposits from investment banks. Market really exploded in the late 70s. Req Q fixed int rates on savings accounts at 5.5% when market rates were over 10%. Massive financial disintermediation. 2. Junk Bonds - Bond market competes with commercial banks for corporate borrowing. Before 1980, only investment grade bonds were issued. Investment grade requirements are very strict. Only blue-chip, well-established companies had access to the bond market. Small, medium, lesser known, younger firms could not issue bonds, they had to go to a bank for a commercial loan. Investment grade bonds that were downgraded below investment grade, were classified as junk bonds, companies were fallen angels. Possible reason for no, non-investment grade bond market: Information was too costly. OnceShow MoreRelatedDiscussion of the Main Reasons that have Resulted in the Bank Disintermediation 1340 Words   |  6 PagesDisintermediation could lead to economic crisis because of the importance of banks in the economy. Banks are very important in an economy because they provide safety for depositor, provide a wide variety of loans and offer other credit vehicles like cards and overdrafts. The bank connects surplus and deficit economic agents and significantly contributes to the progress of any economy through facilitation of business. †¢ Economic Development: Banks facilitate the development of saving plans andRead MoreThe Main Reasons That Have Resulted in The Bank Disintermediation1472 Words   |  6 PagesIn 1967, the term disintermediation was first brought into the banking industry and later became a popular term used in commerce generally in the 90s. Economics or financial policies are some of the factors leading to the phenomenon known as disintermediation which banks sometimes face. Bank disintermediation is a situation whereby funds which should ordinarily be invested in banks are directed into some other investment instruments such as assets backed securities and convertibles, which will beRead MoreThe Main Forces that are Causing Unprecedented Change in the Corporate and Wholesale Financial Markets2424 Words   |  10 Pages02BSC024 Identify and discuss the main forces which are causing unprecedented change in the corporate and wholesale financial markets. Explain why these forces have had such an impact on these markets. Clare F Thomas 9934287 May 2003 Clare F Thomas Corporate and Wholesale Banking B INTRODUCTION The traditional function of commercial banks has been to act as financial intermediaries between deficit and surplus sectors. This assumes that banks can intermediate at lower costs than thoseRead MoreA Interview At Efma s Retail Payments Week2677 Words   |  11 Pageson the outcomes for the customer and to innovate through the lens of the customer experience. There are four main reasons why it’s critical for the customer experience to drive innovation in the banking industry: 1. Digital disruption 2. Disintermediation 3. Social media 4. Profit and loyalty First, nearly every industry has been dramatically impacted by the disruption of digital technology. New technologies have made it easier for start-ups to enter into the market, creating solutions for unmetRead MoreWholesale Funding, Bank Runs And Liquidity Freezes1592 Words   |  7 Pages Wholesale Funding, Bank Runs and Liquidity Freezes In the 2007/8 Financial Crisis Name Course Tutor University City/State Date Wholesale Funding, Bank Runs and Liquidity Freezes In the 2007/8 Financial Crisis Introduction Banks make loans which are not quickly sold at high price. The demand deposits by Banks issue allow their depositors to make withdraws at their convenience. Therefore a liquidity mismatch exists between a bank’s liabilities which are more liquid compared to the bank’sRead MoreQuestions On Financial Markets And Institutions1492 Words   |  6 Pages Financial Markets and Institutions Summative assignment Anonymous code: Z0964988 13/03/2017 The global market has never been as large, dynamic and diverse as it is today. Financial institutions have contributed to improve its efficiency by allocating people’s savings to productive investments, thereby making both the users and providers of funds better off. Investment banks are undeniably part of this process, yet the variety of functions they serve makes it rather difficult toRead MoreFinancial Institutions And Its Impact On Economic Growth And General Welfare1714 Words   |  7 Pagesdiverse than it is today. Financial institutions have shaped it and improved its efficiency, thereby making both the users and providers of funds better off. The process through which savings are allocated into productive investments is crucial for economic growth and general welfare. Investment banks are involved in this process, but what specific roles are attributed to them with respect to financial intermediation, and how well do they serve their functions? Financial intermediaries are entitiesRead MoreMultiple Choice2644 Words   |  11 PagesChapter 2 Overview of the Financial System 2.1 Multiple Choice Questions 1) Every financial market has the following characteristic: A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders. Answer: D 2) Financial markets have the basic function of A) bringing together people with funds to lend and people who want to borrow funds. B) assuring that the swings in the businessRead MoreA Brief Note On Wealth Management Products And Chinese Shadow Finance3814 Words   |  16 PagesDiscipline Research WMP (Wealth Management Products) and Chinese Shadow Finance Introduction The purpose is to investigate an area of interest which relates to my major, finance. This topic also relates to my role in my CPO as I was working as an Financial assistant. Based on what I have observed in my CPO and what I have learnt in the university, I realized that the chaotic wealth management product (WMP) market has caused the shadow finance issue in China to deteriorate further. To begin the researchRead MoreBusiness Models for Internet Based E-Commerce an Anatomy7618 Words   |  31 Pages(Electricity), FastParts (Electronic components), BizBuyer.com (small business products) and Arbinet (Telecommunication minutes and bandwidth). B2B segment has several characteristics that promote a bigger role for market makers. These include huge financial transactions, greater scope for reducing product search costs and transaction costs. Since B2B e-commerce application is poised for a spectacular growth, the role of market makers will be increasingly felt. There will be wide scope for catering to

Case Study Anxiety Essay - 1384 Words

Instructions: Read the following case study about a woman, Allison, who is suffering from anxiety. After you have read the case study, diagnose Allison and present some methods of treatment by answering the questions. Presenting Complaint Allison, a 33-year-old white woman, knew that it was finally time for her to seek psychological services. She had always been an anxious person and, for years, had managed to keep it under control. But, this time she felt as though she was fighting a losing battle and worried that it was going to result in her being fired from her job. Allison worked as a flight attendant for a major airline and loved interacting with the passengers. She was particularly proud of her extensive knowledge of aircraft†¦show more content†¦Furthermore, Allison worries about the danger of being out at night in a strange town. She explains, â€Å"It’s just not safe for a single woman to be out at night. Some cities have a high rate of crime and are extre mely dangerous.† Allison finds that she worries about all of these things simultaneously, which leaves her exhausted and overwhelmed. However, when she tries to sleep, she cannot shut her mind off. She lays awake for hours thinking about all of the things that could happen. Therefore, Allison is often sleep deprived which leaves her stressed, tense, and irritable. Allison has experienced a few panic attacks in her life, but has not had a panic attack in more than two years. But she still carries Xanax with her everywhere she goes, just in case she needs it. Ever since she was 7 years old, she has worried about random issues. Allison remembers walking through her house at 7 years old, checking on all of the appliances to make sure that they were all unplugged before everyone fell asleep in fear that a fire would break out and burn the house down. Allison was also worried as a 3rd grader about her mother dying any day from cancer, since her mother was a smoker. When Allison was 16, she had great difficulty with learning how to drive in fear that she would be involved in a car accident. Indeed, Allison was involved in 2 car accidents, none of which were her fault.Show MoreRelatedCase Study : Anxiety Disorders857 Words   |  4 PagesCase Study Review Anxiety Disorders Case of Mary Anne: Client was shopping, an activity she enjoys, and during her outing she experiences signs of a panic attack. Symptoms: Heart Racing, Hands Shaking, Shortness of Breath, Cold Sweat This client currently exhibits / experiences four of the thirteen symptoms of a panic attack as defined by the DSM-IV (American Psychiatric Association, 2013). The brief case study did not address how long or how often the client had been experiencing the symptoms.Read MoreCase Study Separation Anxiety Disorder3579 Words   |  15 PagesTreatment of Separation Anxiety Disorder CASE STUDY 6 CLIENT DETAILS Diagnosis: Separation Anxiety Disorder. Age: 6 years. Client Gender: Male. Initial Consultation: 20th May 2011. Number of Sessions: 12 sessions. Place of Treatment: The agency. Treatment Approach: Cognitive Behavioural Therapy. Treatment Mode: Weekly one hour sessions. Referral Information The client’s mother referred her son to the agency because he was suffering from anxiety. He was resisting goingRead MoreThe Treatment of Phobias Essay851 Words   |  4 Pagesof injections. Several people today suffer from travel phobia, yet there is little data regarding the phobia. The purpose of this study was to review the usefulness of a trauma-focused treatment approach for travel phobia from a cognitive behavioral therapy. Such technique used for the study was Eye Movement Desensitization and Reprocessing (EMDR) for a 184 person case from a rehabilitation provider. The reasoning for these particular tests was to enact a full body approach where as it tested allRead MoreEssay about Discrimination Model of Supervision776 Words   |  4 PagesCASE STUDY Supervision Case Study Deirdre Cotter Garfield Walden University CASE STUDY The discrimination model of supervision developed by Bernard amp; Goodyear, (1998) has three primary focus areas in training novice counselors these include use of intervention, what the supervisee is doing in the session that is observable, conceptualization or how the session work is being conducted and the level of understanding the supervisee has regarding client themes and application of specificRead MoreQuestions On Explaining Your Note Taking Ability Essay847 Words   |  4 Pagesareas. It all starts with being able to follow simple instructions. However, there is a myriad of information to retain. Thus, you will need to be to do the following: 1. Evaluate your note taking ability 2. Improve your test preparation 3. Review Case Studies on Note Taking How would you evaluate your note taking ability? I haven t taken notes in a very long time. At work, I usually just jot things down on a note pad. Then, when I m ready, I transcribe thoseRead MoreCase Study Analysis ‚Äà ¬ Abc, Inc.1632 Words   |  7 PagesCase Study Analysis – ABC, Inc. COMM 215 Instructor B. Massis May 27, 2013 Introduction As a new worker you have finally landed that dream job, now what? You are excited about the possibilities awaiting you at your new dream job. As you prepare for your first day, you are told you will have to attend new hire orientation. Suddenly, the butterflies in your stomach return as you anticipate what to expect next. Then you ask yourself, â€Å"What is new hire orientation and what does it mean forRead MoreCase Study: Breakthrough Anxiety in On-the-Job Training524 Words   |  2 PagesCase study: Breakthrough in on the job training Q2. The dependent variable is the variable that is produced by the manipulations of the independent variable by the experimenters. As competency increases (the independent variable) anxiety (the dependent variable) decreases. The assumptions of the researchers are that anxiety is an effect rather than a cause of incompetence. There is also an assumption that competency increases as one works longer at a particular job. Q3. The assumptions of theRead MoreHow The Biological, Psychological, Environmental, And Family Factors Have Impacted The Subject s Life1429 Words   |  6 PagesIntroduction Throughout this case study, a nineteen-year-old individual will be analyzed. She is currently a full-time student studying Social Work and Criminal Justice, has an on-campus job, and is a Guardian Ad Litem volunteer. She maintains a healthy balance of academic work, job duties, and relationships with her boyfriend, forever family, and friends. The purpose of this case study is to demonstrate and analyze how the biological, psychological, environmental, and family factors have made anRead MoreMba 555 - Case Study Essay1716 Words   |  7 Pagesresolve conflict. Many of the topics covered in the chapter have a direct implication to the case study, Reputation in Jeopardy, and can be used to both analyze and provide insight into the possible future behavior of the characters in the study. The case can be broken down into three main questions: 1. What are the main conflicts between the characters? 2. How do the concepts of conflict relate to this case? 3. What course of action should the characters take to resolve their conflicts? The intentionRead MoreIt Is Imperative For Guide Angela Into Talking By Angela Of What Was Heard By Her Telling The Story1286 Words   |  6 Pagesbeing present when the water swept her son into the current. â€Å"Triangles are created more frequently and cause great damage when anxiety increases in a system.† There is certainly anxiety in this case study in reference to the death of a child. The second case study addressed in this paper is Die or Dialysis found on pages 83 – 85 of the Wood and Blue book. In this case study, Pastor Bob of St. Miscellaneous church deals with a shut-in from his congregation named Olive who had only been able to attend

Human Resource Management for Mining Industry- myassignmenthelp

Question: Discuss about theHuman Resource Management for Mining Industry. Answer: The mining industry is the industry which deals with the mining of the raw metals and other natural resources from the core of the earth (Bratton Gold, 2017). In the recent times, the mining industry has emerged as one of the leading ones in the world and is often considered to form the backbone of the majority of the nations of the world (Alfes et al., 2013). It is significant to note that this particular industry involves a high amount of investment for its set up. Furthermore, the risks involved in this particular sector are also very significant. Therefore, this particular industry has come under a lot of criticism in the present times (Alfes et al., 2013). The HRM plays a significant role in the various business organizations belonging to the mining industry (Jiang et al., 2012). The synchronization of the goals and the objectives of the business organization with the individual goals and the objectives of the employees form one of the major functions of the HRM in addition to the process of recruitment (Bratton Gold, 2017). This particular paper will focus on the concept of human resource management in the mining industry and its various related aspects. Sadath, L. (2013). Data Mining: A Tool for Knowledge Management in Human Resource.International Journal of Innovative Technology and Exploring Engineering,2(6), 2278-3075. Keywords- data mining, Human Resource, innovation, technology This particular article published in the journal International Journal of Innovative Technology and Exploring Engineering in the year 2013 by the author Sadath intends to provide an overview of the importance of the use of the concept of knowledge management for the management of the human resources in the field of the mining industry (Sadath, 2013). The article begins with the hypothesis that the Human Resource Management (HRM) plays a lead role in determining this competitiveness and effectiveness for better survival (Sadath, 2013). Furthermore, the article also states that the responsibility of the HRM is to mine the best talents at the right time, train them, observe their performance, reward them and ultimately keep them happy in a company (Sadath, 2013). The author took into consideration the data related to the mining industries and also took the help of the various research materials available on the same topic to arrive at the results which were required for the effective wr iting of the article (Sadath, 2013). The author arrives at the conclusion that the human resource management is one of the basic entities of the mining industry and an effective HRM helps to bring about the overall growth as well as the development of the business organization concerned (Sadath, 2013). The article applies the various theories as well as the principles involved in the mining industry and the way the performance of the various business organizations related to the mining industry can be enhanced by the use of effective HRM policies (Sadath, 2013). It is significant to note that the development of effective policies as well as principles to reduce the level of stress faced by the various employees also forms an important part of the overall HRM policies as well principles. Therefore, this particular article will be very useful for the Assessment 3 Essay. Oppong, N. Y. (2013). The good and the bad of structural adjustment programme in Africa: Evidence from Ghanaian gold mining industry.International Journal of Business and Behavioral Sciences,3(10), 27-41. Keywords- human resource management, structural programme, mining industry This particular article published in the journal International Journal of Business and Behavioral Sciences in the year 2013 by the author Oppong intends to provide an overview of the process of the various structural adjustment programmes and their role in the human resource management policies (Oppong, 2013). Furthermore, the article begins with the presupposition that the impact of SAP on adjusting countries in Africa with particular focus on the Ghanaian gold mining industry, which the policy impacts mostly through privatisation, one of the conditions of SAP that has resulted in foreign direct investments and influx of multinational companies into the country and the way this policy has impacted the various HRM policies of the business organizations related to the mining industry in the nation of Ghana (Oppong, 2013). The author has taken the help of various popular and academic literature to derive the conclusions which were necessary for the effective composition of this particu lar article (Oppong, 2013). This article provides an overview of the impact which the various international legislations have on the HRM policies followed by the business organizations in the nation of Ghana (Oppong, 2013). It is significant to note that the HRM policies as well as the principles need to be in synchronization with the various national as well as the internal legislations. In addition to that, the HRM particularly the ones belonging to the mining industry also need to take consideration the various safety and health regulations. Therefore, this particular article will serve as an important source for the Assessment 3 Essay. Krishnamoorthy, M., Mani, M. (2013) A Brief Survey on Text Mining and its Applications.Int. J. Computer Technology Applications,5(5), 1637-1640. Keywords- text mining, human resource mining, technology This particular article published in the journal Int. J. Computer Technology Applications by the authors Krishnamoorthy and Mani intends to provide an overview of the concept of text mining and the way this particular concept has impacted the Human Resource Management policies by the various business organizations belonging to this particular sector (Krishnamoorthy Mani, 2013). This article by the authors Krishnamoorthy and Mani begins with the presupposition that the concept of text mining will prove to be an added advantage in the human resource management process and also facilitate the policies as well as strategies used by them (Krishnamoorthy Mani, 2013). The authors in this particular article collected the data required for the completion of this particular article by taking into consideration the various previously conducted researches and also the text books related to this particular industry (Krishnamoorthy Mani, 2013). The authors at the end of the article arrive at t he conclusion that the process of text mining will help the mining industry in a significant manner and more particularly the HRM of this particular industry (Krishnamoorthy Mani, 2013). This article provides a penetrating insight into the impact which the latest technology as well as innovations are likely to have on the HRM policies and principles (Krishnamoorthy Mani, 2013). It is significant to note that in the present times the various business organizations particularly in the sector of the mining take the help of the latest innovations as well as technology to cater to the needs and the requirements of the business organizations in the most effective manner. Therefore, this article will be very helpful for the Assessment 3 Essay. Gursk, S., Vlov, A. (2013). Corporate social responsibility in mining industry.Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis,61(7), 2163-2170. Keywords- human resource management, CSR, mining industry This article published in the journal of Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis in the year 2013 by the authors Gursk and Vlov intends to provide an overview of the concept of corporate social responsible and the role of HRM in the process (Gursk Vlov, 2013). The article begins with the presupposition that the concept of corporate social responsibility is to find the opportunities the companies working in this industry use, and how the policies of HRM are developed to utilize this particular concept (Gursk Vlov, 2013). Furthermore, the article also states that The CSR and HRM concepts are relatively new in the Czech Republic but more and more discussed and interesting for many firms (Gursk Vlov, 2013). It is often seen that effective corporate social responsibility policies as well as principles often leads to the overall growth as well as the development of the entire business organization concerned (Jiang et al., 2012). The role played by the hum an resource management in the process of the development of the effective corporate social responsibility is very significant (Jiang et al., 2012). Therefore, the various business organizations belonging to the sector of mining not helps in the processes of recruitment, induction, training and various other aspects but also in the development of an effective corporate social responsibility policy (Jiang et al., 2012). The method which the authors used to derive the results which were necessary for the composition of this particular article was the analysis of the various previously conducted researches and also the data collected from the various mining business organizations (Gursk Vlov, 2013). The authors conclude with the comment that the CSR and HRM play a significant role in the overall growth as well as the development of the business organizations belonging to the mining industry (Gursk Vlov, 2013). The article gives very insightful knowledge about the concept of CSR and HRM and the way they complement each other (Gursk Vlov, 2013). It is significant to note that the policies as well as the HRM are designed to align the goals and the objectives of the business organization with the individual goals and the objectives of the employees. This particular article also offers an insight into this particular aspect of the HRM. Thus, it can be said that the article will be very useful for the Assessment 3 Essay. Oppong, N. Y. (2013). National managerial talent development in Ghanaian gold mining industry: comparing Western and indigenous approaches.Developing Country Studies,3(8), 105-115. Keywords- managerial talent development, human resource management This particular article published in the journal Developing Country Studie in the year 2013 by the author Oppong intends to provide an overview of the role of the effective human resource management policies as well as principles for the management of the talent in the various business organizations belonging to the mining industry (Oppong, 2013). Furthermore, the article also provides an overview of the diverse approaches to the effective management of the national talent adopted by the human resource management team of the various business organizations belonging to the mining industry (Oppong, 2013). The article begins with the presupposition that the Management development in improving productivity has become powerful tool for management effectiveness, as well as to address the management gap especially in developing countries (Oppong, 2013). In the opinion of the author, the role which the HRM plays in the management of the productivity is very significant (Oppong, 2013). The HR M in the mining industry not only helps in the recruitment process, training, induction and other processes but also helps in the employee engagement process and thus helps to reduce the rate of employee turnover in the mining industry (Brewster, 2017). The author took the help of the prior researches and other text books to compare and contrast the western as well as the indigenous approaches to the human resource management policies and principles used in the mining industry (Oppong, 2013). The author comes to the conclusion that although the style as well as the strategies used by the western and the indigenous approaches of the HRM are different but they aspire towards the achievement of the same goal (Oppong, 2013). The article provides valuable information about the concepts of the diverse approaches to the management of the human resources used by the various business organizations belonging to the mining industry (Oppong, 2013). The article also provides very insightful information about the western as well as the indigenous approaches to the management of the human resources (Oppong, 2013). Therefore, this particular article will serve as a valuable source for the Assessment 3 Essay. To conclude, it becomes apparent that the HRM plays a significant role in the overall growth as well as the development of the business organizations concerned. The various policies as well as principles of the HRM not only take into consideration the recruitment, induction, training, enhancement of the employee engagement and others important factors but also work towards the reduction of the stress felt by the various employees. The HRM also works towards the creation of a more positive environment at the workplace. The mining industry when taken into consideration will reveal that these factors are very important for the effective functioning of the business organization concerned. References Alfes, K., Shantz, A. D., Truss, C., Soane, E. C. (2013). The link between perceived human resource management practices, engagement and employee behaviour: a moderated mediation model.The international journal of human resource management,24(2), 330-351. Bratton, J., Gold, J. (2017).Human resource management: theory and practice. Palgrave. Brewster, C. (2017). The integration of human resource management and corporate strategy. InPolicy and practice in European human resource management(pp. 22-35). Routledge. Gursk, S., Vlov, A. (2013). Corporate social responsibility in mining industry.Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis,61(7), 2163-2170. Hendry, C. (2012).Human resource management. Routledge. Jiang, K., Lepak, D. P., Hu, J., Baer, J. C. (2012). How does human resource management influence organizational outcomes? A meta-analytic investigation of mediating mechanisms.Academy of management Journal,55(6), 1264-1294. Krishnamoorthy, M., Mani, M. (2013) A Brief Survey on Text Mining and its Applications.Int. J. Computer Technology Applications,5(5), 1637-1640. Oppong, N. Y. (2013). National managerial talent development in Ghanaian gold mining industry: comparing Western and indigenous approaches.Developing Country Studies,3(8), 105-115. Oppong, N. Y. (2013). The good and the bad of structural adjustment programme in Africa: Evidence from Ghanaian gold mining industry.International Journal of Business and Behavioral Sciences,3(10), 27-41. Sadath, L. (2013). Data Mining: A Tool for Knowledge Management in Human Resource.International Journal of Innovative Technology and Exploring Engineering,2(6), 2278-3075.

Should the UK have fully written constitution free essay sample

Should the UK Have fully written constitution? I-JK has partly an unwritten and uncodified constitution. Such a system, like any other, has their advantages and disadvantages, but because of their unusual system there are a lot of disputes around it. A big question at hand is: Should the constitution be fully written or not? A codified constitution means that all the points and laws are written and could be read, such a constitution typically occurs at some critical moment in a countrys history. An uncodified constitution is one that was formed naturally with historical development. In order to assess, whether I-JK should have a codified constitution it is necessary to consider such issues like flexibility and entrenchment, clarity and constitutional sources, historical development. The British constitution is quite flexible and all its constitutional laws are not guarded from changes. Any change could be made by the parliament who are the main and the most powerful body in the British political system. We will write a custom essay sample on Should the UK have fully written constitution or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Parliament has ultimate legal authority and freedom to make and enforce any political decisions without limits; so any law can be easily changed with a simple act of Parliament. Sometimes such simple procedures are convenient and even essential. This was shown when on the election on May in 2010 were there was no elected majority from any party. Such a situation was not mentioned in the constitution, but because of the adaptable possibility of the I-JK constitution, a solution for such a problem was found very quickly. However it makes Parliament too powerful, in that in spite of rule of the law, the possibility to change laws places parliament above it. Theoretically, this goes against all democratic principles that the British political system is based on. In my pinion, every legally guarded constitution in reality could be manipulated or even ignored by the leadership of the country, therefore the only real protection for the constitution there are the people, because the English Parliament, like any government in every democratic country, it is elected by the people to protect their interests and they could be easily abolished by them. Citizens could ignore laws which are against their rights or are not approved by them hence parliament has real political power to facilitate changes on basic constitutional laws as long as the people agree to follow these changes. No matter, what laws the parliament pass, in the context of the constitution or not, the public have the last say as it affects them and because of their power to abolish current parliament. Although the UK constitution is not protected legally, it protected politically. Another important question is quantity of constitutional sources and clarify. UK constitution has a lot of sources such a: Parliamentary statues, Constitutional conventions, common low, historical principles and authoritative works, traditions, EIJ laws. Such big quantity of sources makes constitution vague and unclear. If onstitution is not fully written in one single document there is no way for citizens to be fully aware of their rights, because part of them unwritten and undetermined, and as result people s rights are not tully circumscribed. So, lack ot knowledge amongst the people caused deficient level of protecting civil liberties, what is inadmissible for democratic country. Uncodified constitution is not clarified for citizens; they do not understand the concept of it, because it has not any concrete form. However, any codified constitution cannot contain every possible situation and suggest solution for every problem. Advantage of unwritten British constitution, which develop historically, that for such long period of time a lot of issues happened and solutions for them were found, and even if they were not written, they become a part of constitution and do not need to be discussed any more. This, again, was illustrated clearly with the May 2010 election, because even if principle of coalition between two parties and combined govern is not usual for UK politic system, constitution, which was so easily changed to react on changing circumstances, have fixed rules to deal with situation now. It is hard to imagine that somebody can predict all, such unusual roblems and find effective solution for all of them. So, even if some issues are not written as a document and cannot be protected in court there are some norms, which developed traditionally, and cannot be all written. It is not a serious problem as long as such system works. The main strength of UK constitution is that it was developed naturally, historically. It provides a coherent system and establishes relations between all political institutions in country, which were set naturally. What even more important, is that system was evolved over the time and accorded by British people. Every process and power separation was set in the right time and without public discontents. Power came from Monarch to public, from one person to people, which is natural process, it is how democracy works, its main principle, and such procedure took place in every European country, but in England it was the most calm and natural process. Exclude Oliver Cromwell, who was quite cruel to current king, English people were not tortured by any dictator. In contrast, almost every country in Europe has period of dictate, totalitarianism and terror in their history, so their low does not work as good s English. The typical problem of old constitutions is its fixed principle that not actual now, UK constitution has not this problem because of their adaptability and flexibility. It was shown clearly by the House of Lords Act of 1999. The main power and the last say always was in Lords and monarchs hands, an in case if UK constitution was fully written and inflexible, it would be hard to change this order, it could be a lot of discussions because of it or even military conflict, because nobody wants to let their power gone, well known how Russian royal family react on try to ake their authority out of them, and how horrible were consequences for them and the whole country. In England, when Parliament decided to take some power from House of Lords they did it very easy, quite fast and without great difficulty or efforts for such important act. So, I-JK constitution works very good, better than a lot of codified constitutions, and if it ain t broke, don t fix it. Because of all arguments shown above, I think that I-JK constitution should not be fully written. It works not worse than any written constitution, their low respected by politics and population not less that written. Every bills, rules, and even fixed lows work as long as people want to tollow them, no matter they written or no, it government wants to flaunt democratic procedures that fact that all lows written does not stop it. Britain has survive very well until now with unwritten constitution, and it shows that such type of constitution is suitable for English public, and in fact it guard civil rights very well, it provide very high level of life for citizens, higher that a lot of countries with codified constitutions do. So I do not see enough important reasons to codify it. Should the UK have fully written constitution free essay sample UK has partly an unwritten and uncodified constitution. Such a system, like any other, has their advantages and disadvantages, but because of their unusual system there are a lot of disputes around it. A big question at hand is: â€Å"Should the constitution be fully written or not? † A codified constitution means that all the points and laws are written and could be read, such a constitution typically occurs at some critical moment in a country’s history. An uncodified constitution is one that was formed naturally with historical development. In order to assess, whether UK should have a codified constitution it is necessary to consider such issues like flexibility and entrenchment, clarity and constitutional sources, historical development. The British constitution is quite flexible and all its constitutional laws are not guarded from changes. Any change could be made by the parliament who are the main and the most powerful body in the British political system. We will write a custom essay sample on Should the UK have fully written constitution or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Parliament has ultimate legal authority and freedom to make and enforce any political decisions without limits; so any law can be easily changed with a simple act of Parliament. Sometimes such simple procedures are convenient and even essential. This was shown when on the election on May in 2010 were there was no elected majority from any party. Such a situation was not mentioned in the constitution, but because of the adaptable possibility of the UK constitution, a solution for such a problem was found very quickly. However it makes Parliament too powerful, in that in spite of rule of the law, the possibility to change laws places parliament above it. Theoretically, this goes against all democratic principles that the British political system is based on. In my opinion, every legally guarded constitution in reality could be manipulated or even ignored by the leadership of the country, therefore the only real protection for the constitution there are the people, because the English Parliament, like any government in every democratic country, it is elected by the people to protect their interests and they could be easily abolished by them. Citizens could ignore laws which are against their rights or are not approved by them hence parliament has real political power to facilitate changes on basic constitutional laws as long as the people agree to follow these changes. No matter, what laws the parliament pass, in the context of the constitution or not, the public have the last say as it affects them and because of their power to abolish current parliament. Although the UK constitution is not protected legally, it protected politically. Another important question is quantity of constitutional sources and clarify. UK constitution has a lot of sources such a: Parliamentary statues, Constitutional conventions, common low, historical principles and authoritative works, traditions, EU laws. Such big quantity of sources makes constitution vague and unclear. If constitution is not fully written in one single document there is no way for citizens to be fully aware of their rights, because part of them unwritten and undetermined, and as result people`s rights are not fully circumscribed. So, lack of knowledge amongst the people caused deficient level of protecting civil liberties, what is inadmissible for democratic country. Uncodified constitution is not clarified for citizens; they do not understand the concept of it, because it has not any concrete form. However, any codified constitution cannot contain every possible situation and suggest solution for every problem. Advantage of unwritten British constitution, which develop historically, that for such long period of time a lot of issues happened and solutions for them were found, and even if they were not written, they become a part of constitution and do not need to be discussed any more. This, again, was illustrated clearly with the May 2010 election, because even if principle of coalition between two parties and combined govern is not usual for UK politic system, constitution, which was so easily changed to react on changing circumstances, have fixed rules to deal with situation now. It is hard to imagine that somebody can predict all, such unusual problems and find effective solution for all of them. So, even if some issues are not written as a document and cannot be protected in court there are some norms, which developed traditionally, and cannot be all written. It is not a serious problem as long as such system works. The main strength of UK constitution is that it was developed naturally, historically. It provides a coherent system and establishes relations between all political institutions in country, which were set naturally. What even more important, is that system was evolved over the time and accorded by British people. Every process and power separation was set in the right time and without public discontents. Power came from Monarch to public, from one person to people, which is natural process, it is how democracy works, its main principle, and such procedure took place in every European country, but in England it was the most calm and natural process. Exclude Oliver Cromwell, who was quite cruel to current king, English people were not tortured by any dictator. In contrast, almost every country in Europe has period of dictate, totalitarianism and terror in their history, so their low does not work as good as English. The typical problem of old constitutions is its fixed principle that not actual now, UK constitution has not this problem because of their adaptability and flexibility. It was shown clearly by the House of Lords Act of 1999. The main power and the last say always was in Lords and monarchs hands, an in case if UK constitution was fully written and inflexible, it would be hard to change this order, it could be a lot of discussions because of it or even military conflict, because nobody wants to let their power gone, well known how Russian royal family react on try to take their authority out of them, and how horrible were consequences for them and the whole country. In England, when Parliament decided to take some power from House of Lords they did it very easy, quite fast and without great difficulty or efforts for such important act. So, UK constitution works very good, better than a lot of codified constitutions, and â€Å"if it ain`t broke, don`t fix it†. Because of all arguments shown above, I think that UK constitution should not be fully written. It works not worse than any written constitution, their low respected by politics and population not less that written. Every bills, rules, and even fixed lows work as long as people want to follow them, no matter they written or no, if government wants to flaunt democratic procedures that fact that all lows written does not stop it. Britain has survive very well until now with unwritten constitution, and it shows that such type of constitution is suitable for English public, and in fact it guard civil rights very well, it provide very high level of life for citizens, higher that a lot of countries with codified constitutions do. So I do not see enough important reasons to codify it.

Seven Missteps to Avoid in Your Business Blog

Seven Missteps to Avoid in Your Business Blog According to data analysis by HubSpot, small businesses that blog get 55% more website visitors and 126% more lead growth than small businesses that do not blog. If you own a small business and dont blog, you are missing out on a valuable opportunity to generate traffic to your website and position yourself as an expert in your field.However, as with any endeavor, the process of blogging for your business often comes with a few missteps, especially for businesses that are new to the concept of blogging to increase their potential customer base. Whether you have blogged for your business for years or are just now starting to take advantage of this wonderful marketing opportunity, learning to avoid these common errors will help ensure your blog is a success.Misstep 1 - It isnt your personal blog - dont write it like oneWhile personal anecdotes and observations can help your clients get to know you as a business owner, focusing too much on yourself and not enough on your business will drive customers away. Your companys blog should be a space for discourse and education on topics related to the companys focus. Specific things to avoid are politics (unless you run a political organization); religion (unless you run a religious organization); or controversial topics that have nothing to do with your business, your product, or the services you offer.Misstep 2 - Avoid discussing insider informationRemember- anything you put in print (whether online or otherwise) could have potential for litigation. Discussing insider information, particularly if you are a franchise of a larger company, could have legal consequences and might end up being more trouble that you anticipated. Beyond this, it is unprofessional to go public with information that should be kept private, or among your employees.Misstep 3 - Dont discuss company dramaEvery workplace has its share of drama- some more than others. However, airing that dirty laundry through the company blog is unprofessional. Keep workplace conflict out of the publics eye in order to maintain your companys reputation, and never use a blog for a personal vendetta against a co-worker, co-owner, or the competition.Misstep 4 - Dont relate news, statistics, or published information without citing the sourceBeyond the fact that its plagiarism, including information on your blog that is not properly cited looks sloppy and untrustworthy. With so much information available on the web, and so much misinformation published daily, you dont want your business blog to run the risk of being seen as misleading. You will lose readers quickly by doing this.Citing sources can be as simple as including where you found it within your text, creating a hyperlink to the original source, or including a citation at the bottom of the blog- just as you would do if you were writing an academic paper. Particularly if your blog is written to show your expertise to potential clients, youll want to make sure your writing is seen as a l egitimate and valid source of trustworthy information.Misstep 5 - Dont limit your blog to written contentInternet users are accustomed to a wide variety of content online, including videos, photos, graphs, music, and written words. Limiting your blog to the written word not only makes it boring to read (regardless of how great your content is)- it also limits your audience. Ask any marketing professional and theyll tell you that using a variety of tactics and media is the best way to attract potential customers. For this reason, you can immediately make your blog more interesting and more likely to have a larger audience if you include photos, videos, graphs, or other types of media. These media also work well as posts on social media to attract readers to your blog.Misstep 6 - Dont allow your blog to become outdatedYouve seen it before- a business has a great website with a blog, but when you start reading the content, you find that most of the information was written years ago. This is bad for two reasons. First, outdated content makes your business appear outdated. If the last blog entry you posted was in 2010 and it is now 2014, anyone reading that content or visiting your website will wonder if you are still in business. Second, if the purpose of your blog is to draw more traffic to your website, the only way this will happen is if you continue to add fresh content on a regular basis. Constant activity on a website not only helps search engines like Google find your pages, it also makes your page rank higher when those search engine results are returned to an internet user. Higher page rankings mean more traffic.Misstep 7 - Dont neglect your audienceMost blogging platforms allow for comments from readers. This is a great asset to your blog because it shows that people are reading and that your content is generating interest. Responding to these comments allows your readers the opportunity to interact with you and benefit from your expertise, which ulti mately draws customers to your door. Responding to criticism is equally as important, since criticism will help you improve your business and will show that you care about your customers or clients.Blogs are also easy targets for spammers, so not paying attention to the comments could make your blog appear unprofessional. One way to avoid the spamming is to set your blog to post only comments that you approve. If you do this, be sure to also approve the comments that question the content youve written. Replying to that questioning not only shows your expertise- it shows that you are confident enough in your content to defend it. Just keep the replies professional.

Funny Images Conjured up by Web Comments

Funny Images Conjured up by Web Comments Funny Images Conjured up by Web Comments Funny Images Conjured up by Web Comments By Maeve Maddox Sometimes Im more amused than annoyed by spelling errors and incorrect word choices that I see in blogs and comments. Here are a few. Let your imagination soar! 1. Looking for a laptop for my mother she only needs a bear-bones laptop. 2. Someone said this to me one time and I balled my eyes out. 3. his scarlet bishops cossack and cap. 4. The boy [who had been beaten] had whelps on him. 5. He hears a disemboweled voice. 6. The cowboy was rounding up the doggies. 7. The crust of my interest is World War I. 1. bare-bones adjective meaning essential. a laptop with only the most essential features. bear-bones the skeletal structure of a bear (an animal of the family Ursidae). 2. balled formed into a ball. We can speak of a balled fist. Yarn can be balled, as can little bits of wool on a sweater. bawled past tense of bawl, to cry out loudly. The word may come from an Icelandic word for the sound cattle make. Related to bellow. 3. Cossack originally a member of a Russian military elite; a distinctive item of their uniform was a tall fur hat. Figuratively, a cossack is an authoritarian figure that uses any type of force to control others. The character Chekov in the original StarTrek series was fond of calling people he didnt like cossacks. A cassock, on the other hand, is a clerical garment, a long close-fitting tunic reaching to the feet. This is what the bishop probably had. 4. A whelp is the young of a carnivorous animal, such as a wolf cub or puppy. The word called for in this context is welt. welt: a raised area, ridge, or seam on the body surface (as from scarring or a blow). 5. disembowel: to take out the bowels of, eviscerate. This is what the word drawn refers to in the expression hanged, drawn, and quartered. The word this writer was reaching for was disembodied. disembodied in this context means that a voice was heard, but its source could not be seen. 6. doggies a childs word for dogs. Ex. Look at the Mother Doggy and all the little doggies! dogy (also spelled dogey and dogie) a motherless calf in a range herd. 7. crust the hardened exterior of something. It could be a pie crust or the earths crust. The speaker probably intended to say crux. crux a word derived from the Latin word for cross. A cross, as we know, can be a tool of torture and execution, but its shape is also suggestive of a central nexus, like a crossroads. Both ideas contribute to the meanings of the English word crux: 1 a. a puzzling, confusing, or difficult problem : an unsolved question b. a determinative point at issue : a pivotal or essential point requiring resolution or resolving an outcome 2. a main or central feature (as of an argument or plan) Please share your own examples of misused words that conjure up funny images. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:5 Uses of InfinitivesLatin Plural Endings30 Words for Small Amounts

Manchester City - Management Success Essay Example | Topics and Well Written Essays - 750 words

Manchester City - Management Success - Essay Example As a player, Mancini lifted four Italian Cups, the Serie A (1991 and 2000), the Cup Winners' Cup (1990 and 1999), the Italian Supercup, and the UEFA Supercup and was voted the Serie A Player of the Year and Italian Footballer of the Year in 1997. These achievements clearly manifest his talent and capabilities. However, it was the oddly immense powers that he wielded as a key player at Sampdoria that indicated early that he would get to be an excellent manager. Here Mancini, a 27 year old, often delivered the team-talk, sat on the interview panel for selecting the next manager and was also consulted when selecting the teams’ new kit. In addition to that, he was invited to board meetings and had a say in which players where to be bought by his club during the transfer market (Taylor 2012). This early foray into team management roles gave him a head start as well as helped him build the skills needed to succeed as a football club manager. Working with top clubs requires a manag er who can handle the pressure from the board, fans, journalists and even managers from the opposing teams. Kuper (n.d.) argues that one proven attribute of successful managers is their ability to, in some way for example via the media (Jackson 2012), lower the tension that players feel in each match so that they can be relaxed enough to enjoy the game. His argument was that successful teams are those whose players enjoy the game (Kuper n.d.). The fact that Mancini played at the highest level in football gives assurance to his players that he fully understands what they are going through. Another important trait of Mancini is his ability to not only work with but also bring out the best from his troublesome players such as Carlos Tevez and Mario Balotelli at Manchester City (Walker 2012). Here it would be best to remember that as a player, Mancini was also not the easiest to work with. Taylor (2012) argues that this could have been because he was so repulsed by failure and desperate to the point of having an obsession for winning. Like Mario Balotelli, Mancini was as skillful as he was hot tempered in his playing days. This could be the reason why he is able to work with the talented but difficult soccer players who join the teams that he is coaching. Finally, we believe that the greatest reason why Robert Mancini was selected to manage Manchester City is his track record as a coach. He has brought cup glory for all the clubs where he has coached namely: Fiorentina, Lazio and Inter Milan. In fact, with Lazio and Fiorentina, Mancini managed to create winning teams in spite of the financial constraints that forced him to lose several key players. At Fiorentina he lost Rui Costa and Francesco Toldo at their prime while at Lazio he had to work without the services of Hernan Crespo and Alessandro Nesta. Nevertheless, it was at Internazionale where he proved capable of handling the pressure that come with managing a top club. When the Abu Dhabi United Grou p purchased Manchester City in 2008 there agenda was to raise the club to the status of the other top clubs in Europe. Their strategy was first to attract top talent using their immense wealth, then a top coach and finally win the big trophies locally and abroad. Mancini was an attractive option because at Fiorentina and Lazio he had demonstrated his team-building skills and at Internazionale he proved that he could equally work well with a star-studded team. Furthermore the owners must

Fianancial reporting and analysis Essay Example | Topics and Well Written Essays - 1000 words

Fianancial reporting and analysis - Essay Example In 2011, the international accounting standard board revised the existing financial standards, and issued a new set of standard for purposes of reflecting the changes in global business practices, economies of the world, and markets. The new rules are, consolidated financial statement (IFRS 10), joint arrangements (IFRS 11), disclosure of interests other entities (IFRS 12), separate financial statements (IAS 27), and revised associates and joint ventures (IAS 28). The consolidated financial statement (IFRS 10) was created for purposes of outlining the presentations of a consolidated financial statement. This rule requires business organizations to consolidate the entities that are under their control, and this includes giving them the rights of variable returns, and the capability of affecting the returns acquired over an investee (ACCA, 2012). On this basis therefore, the rule was created to institute the values that will guide the preparation of consolidated financial statements wh en one business organization controls one or more business organizations (ACCA study text, 2011). This rule was created for purposes of defining the concept of control of a business entity, and as a basis of consolidation. It establishes the principles of identifying whether an investor has some level of control over an investee, and therefore consolidating the investee (ACCA, 2012). This standard has the following key requirements; 1. It requires business organizations that have an interest in other business organizations to conduct an assessment in order to determine whether control exists or not. 2. In order for a business organization to control another business organization, the following characteristics must be present, rights to the benefits of variable returns because of the involvement of the business entity with the investee, authority over the investee, the ability to influence the investee for purposes of benefiting the investor. 3. An investor must have substantive righ ts for purposes of giving him control of an investee and legitimacy to control some affairs of the organization. Joint arrangements on the other hand outline the accounting procedures that business organization that jointly control an entity ought to follow. There must be a contractual agreement that denotes the control of an entity by the business organizations in question. Media (2011) denotes that joint arrangements are of two types, namely joint operations, and ventures. In a joint venture, net assets and equity are accounted for, while in a joint operation, accountant’s factor in the obligation of liability, and right to access the assets by the business organization under collaboration (ACCA study text, 2011). On this basis therefore, the International Accounting Board established this standards for purposes of determining the nature of a joint arrangement business organizations engage in. This is to enable stakeholders gain the capability of analyzing the rights and ob ligations of these business entities under the joint arrangement. For a joint arrangement to exist, the following are the main requirements (Gray and Manson, 2012); 1. There must be prove of control of the organization by the business entity involved. 2. The concept of unanimous consent must be present, and this

Honda Environmental Leadership Essay Example for Free

Honda Environmental Leadership Essay Honda Motor Co. is the largest motor cycle manufacturer and a leading automaker in the world. With a worldwide network of over 501 subsidiaries, Honda’s diverse portfolio includes small sized general purpose engines to scooters and sports cars. The philosophy of Honda Motor Co. is well entrenched with the Japanese culture of pursuing the ‘triple joys’. The triple joys reflect the joys of buying, selling and creating. The company has been particularly recognized world over for its initiatives in tackling environmental challenges. Although environmental concerns and need for reciprocative action became eminent in the mid 1980s, Honda’s efforts in this direction can be attributed to the 1960s when air pollution was first understood. The environmental leadership at Honda is deeply rooted in the company’s vision to be ‘a company that the society wants to exist’ (Honda Motors, 2010). Today people throughout the world have become conscious of the damages automobiles can do to our environment. Thus we see environment friendly automotive technologies emerging in response to uncovering environmental situation. The concept of Green Motoring has taken shape, which involves using alternative fuels in order to reduce air pollution. Among the efforts automotive manufacturers take to contribute to the environment, is the use of fuels generated from bio alcohols and bio mass. Green motoring is now focused on using hydrogen as a fuel (Green Field H 2008). The vision of the company is indeed too radical, at least with respect to environment protection. Wanting to see itself as an entity that the society doesn’t object, is indeed an unprecedented thought, reflecting its understanding of public thinking. This philosophy also highlights the importance it attaches to public perception of environmental degradation. The company seems to believe that the society will allow it to exist only if it is compliance with its expectations. It is therefore no wonder that Honda had taken a leadership role well ahead of its competitors, proactively. The environmental impact has been fully analyzed, encompassing its manufacturing process, the vehicles manufactured, the support activities like administration, transportation etc. The environment friendly initiatives are reflected in all its subsidiaries throughout the world. Honda seems to have made environmental concern a part of its global strategy. All Honda operations throughout the world, have a significant bearing with respect to environment protection for the countries in which they operate. Discussion Honda seeks to create new value by incorporating innovative ideas that reflect the changing needs. The company is committed to the future, by minimizing its effects on the environment and its intake of earth’s resources. A recent survey by DuPont and the Society of Automotive Industry (SAE) has identified environmental concerns as being the biggest challenge for the industry. According to Chris Murphy DuPont director, environmental considerations are transforming vehicle design and development and have become a differentiator in the marketplace. About 54% of the respondents saw fuel efficient vehicles with reduced environmental impact as being primary to the consumers (Laura 2008). On its part, Honda seeks to address climate change, produced due to higher concentration of CO2, CFC and other greenhouses gases. By introducing hybrid and fuel economizing technologies, CO2 emissions are not only reduced in Honda vehicles, but throughout its entire corporate activity. With regard to depletion of resources, Honda has been developing technologies, solar cell development and energy saving technologies. The company is well set to be ahead of the stipulations expected of it, as a vehicle manufacturer. The ongoing regulations are only expected to get tougher with time, and vehicle manufacturer in particular have to be well prepared to achieve the required standards. The Corporate Average Fuel Economy (CAFE) requires cars and SUVs to increase their fuel efficiency by about 4% each year. Thus by 2020, a fuel efficiency of about 35 miles per gallon has to be achieved (Crawley, 2007). The compliance of Honda to environmental concerns is evident from its 1972 development of the CVCC engine in compliance with the US Clean Air Act, which was the world’s toughest emission regulation of the time. The company pursued its development of catalytic converter and other such clean emission technologies in the last four decades resulting in its vehicles emissions being reduced to 1/1000 of its 1970 levels. Honda is currently promoting its Green Factory initiative worldwide, together with energy conservation and waste reduction initiatives in its non-production activities. About 324 subsidiaries including 224 non-manufacturing companies have been covered by this (Honda Motors, 2010). The direct and indirect energy consumption at Honda Motors is shown in Appendix 1, while region wise energy, water consumption and waste are shown in Appendix 2. The genuine efforts in wanting to pass a beautiful natural environment to the future generation is reflected in the company setting up its own independent goals and working towards the same. Some of the notable concepts in Honda environmental aspirations are: Green Vehicle development: Striving towards development of zero emission for all its vehicles, Honda became the first Japanese company to comply with the recent emission regulations. The company developed a special exhaust air injection system and a programmed system for fuel injection which is currently used in its VFR motorcycle. The company’s 50cc Giorno Crea scooter is highly fuel efficient and also environment friendly. Fuel Cell Electric Vehicle (FCEV): Even as early as 1986, Honda had been involved in the development of a hydrogen powered fuel cell electric vehicle, today seen in the form of FCX Clarity FCEV. The car has been the result of two decades of work by Honda’s engineers, in an effort to truly preserve the earth’s environment. The car uses an electric motor and a fuel cell stack and does not emit any CO2. When the fuel cell stack was developed for the first time in 1999, it was too large and bulky. Through continuous research and development the fuel cell stack underwent transformation to become smaller and lighter and yet more powerful (American Honda, 2010). This in turn enabled the vehicle to become elegant and comfortable. The highlights of FCX Clarity FCEV are: †¢ Only water vapor emission †¢ Reduces carbon dioxide emissions significantly †¢ Certified as a zero emission vehicle (ZEV) Green Dealer: The Green dealer concept streamlines and enables efficient use of water, electricity and paper through continuous assessments and improvements of existing systems. The concept is directed at conservation of the environment and keeping the polluting activities to a minimum (HMSI, 2007). Creating an awareness of environment among the employees and the general public is also a part of this scheme. Goal setting: Honda’s efforts towards environmental preservation are reflected through individually defined targets. In 2006 it set emission reduction goals for CO2 emission, to be reached by 2010. In 2007 the company set targets for reducing environmental impact, also intended to be achieved by 2010. The company is on track to reach targets. The future is only getting tougher for the vehicle manufacturers, though Honda is firmly set to meet the required goals. While setting environmental goals for itself, across global operations, Honda has been too detailed in its approach. The company approached the environment problem from several perspectives. As part of its global environmental policy, Honda sets specific goals with regard to its Life Cycle Assessment System, by which the environmental impact is measured and analyzed. Apart from monitoring and reducing its emissions, it also studied and monitored the impact on environment due to its emissions. The company through its suppliers and partners, thus sought solutions through innovations and technologies, to look for ways to be in harmony with nature. Honda of Canada Manufacturing (HCM) was among the first auto manufacturers to receive the ISO 14001 certification. HCM today recycles about 99% of its production waste and is working towards 100% recycling (Cambridge Center Honda, 2010). The company is credited with bringing the first Low Emission Vehicle (LEV) to Canada. In 2003 when it started production of the Civic GX, the car was rated by the EPA as having the cleanest IC engine in the world. In 2002 March, Honda introduced the Honda life cycle assessment system (LCA) to estimate the environmental impact of its products. CO2 is one of the main elements that are monitored through this assessment of products, from manufacturing to disposal. Corresponding to the levels detected, targets are set for all domains including production, sales and service, and administration, with initiatives implemented to achieve targets. In 2007 Honda introduced the product life cycle assessment system (LCA) which revolves on the CO2 emissions from a single vehicle through its lifetime. The calculations revealed that 78% of CO2 emissions are associated with product use and 6% during its emission. The company can now assess CO2 emissions more accurately, for every aspect of the vehicle’s life, thus contributing to reduction efforts. The CO2 targeted reductions are thus directed at 80% of the total emissions, with regard to LCA. Conclusion and recommendations All sectors of global economy are increasingly coming under environmental regulations to ensure that all business practices, no longer continue with disregard to the environment. The vehicle manufacturers are among the earliest to receive such stipulations as vehicles are a major contributor to pollution. These manufacturers are faced with a challenge of optimizing lean manufacturing and environment conservation. While the two aspects of manufacturing are important, the approaches to both are different, and have a huge bearing on the organization’s success. Honda is indeed an automaker with a vision for a sustained future, as evident from its setting up environment based goals and policies, proactively. The waste reduction culture at Honda indeed has obvious benefits for the environment (Maxwell, 1998). There are several societies and organizations that make up this world of ours. The culture and priorities of these are widely varied. Not all their approaches and intentions are the same. This reflects their attitude towards environment too. Although we share the same environment, there is no guarantee that competitors would be equally concerned of the environment. When some organizations take immense pain and effort to protect the environment, investing immensely in it, their competitors can easily make profits by avoiding or manipulating these. Environmental protection requires fundamentally an understanding, a concern of one’s actions on the environment. Honda has set an exceptional example by understanding its actions on the environment, and taking cautious and big steps towards ensuring a sustainable environment. The environment is a common habitat for all, whether one indulges in pollution or not. Organizations should follow the footsteps of Honda with a sense of same involvement and dedication, for only then we can give a future to the following generations.

Why I Want to Become a Teacher :: Free Essays Online

Doctors, lawyers, politicians, and engineers. How did they all get to where they are today? No matter the position someone may hold in society everyone has progressed to where they are in life because they had a teacher, someone who taught them in the way they should go. Teacher as defined in the dictionary as one who instructs. To teach someone is to communicate skills and give instruction. Today I would like to tell you why I would like to become a teacher. Specifically speaking I will tell you what has led me to this decision and why I want to become a teacher. To begin out of the countless professions one has to chose from in the world today I have chosen to become a teacher. I have chosen to become a teacher because I myself am a product of some whom I consider to be the best teachers in the world. As a child in North Carolina I was inspired by a wonderful woman named Mrs. Hollyfield. Mrs. Hollyfield taught me that no star was too far out of reach, if I put my mind to accomplishing my goal I could make it. Mrs. Hollyfield inspired me to be the best I could be at anything I wanted to be. As I have grown I have had other important teachers, some whom I am surrounded by daily whom inspire me to set out to accomplish my dreams. These wonderful inspiring people in my life have led me to the decision of becoming a teacher. Now that I have told you what has led me to this decision I would like to tell you exactly why I have chosen to become a teacher. I want to become a teacher not because of the salary nor because I want weekends and holidays off; rather, I want to become a teacher because I truly have a passion for making a difference in others lives. I feel that teaching is perhaps one of the most fulfilling roles in life. Becoming a teacher to me means helping to shape another person by teaching and instructing them.

Cholera Outbreak

Haiti Jessica Ganzalez LHHS MUN 2011 WHO Cholera Outbreak Position Paper Background: Cholera is a disease that starts in the intestines, caused by the consumption of impure food or water with the bacteria Vibrio Cholera. The two most common indication of Cholera are diarrhea and excessive vomiting. Cholera is an extremely virulent disease and affects both children and adults and can kill within hours, if left untreated. During the 19th century, cholera spread across the world from its original reservoir in the Ganges delta in India.Six subsequent pandemics killed millions of people across all continents. The current (seventh) pandemic started in South Asia in 1961, and reached Africa in 1971 and the Americas in 1991. Cholera is now endemic in many countries. This disease is not a complete threat to countries that have regular access to clean water and hygiene. The more urbanized Asian nations such as China and India have developed medical treatments for this deadly disease, but the l ess developed countries have yet to find ways to be less influenced by this broad topic. UN Involvement:The World Health Organization (WHO) has greatly influenced the discontinue of Cholera by launching the WHO Global Task Force on Cholera Control in 1992 following the adoption of a resolution on cholera by the Forty-fourth World Health Assembly. The plan was to lessen death associated with the disease and to deal with the social and economic consequences of cholera. The United Nations Children’s Fund (UNICEF) and numerous other committees are also working on proposals and resolutions to decrease the number affected by this preventable virus with the help of the World Bank, grants given by nations, and NGOs.The United Nations have also donated thousands of medical kits and supplied countries with doctors to treat those affected. In addition the United Nations agencies and their partners today appealed for $164 million to support Haiti’s efforts to fight the deadly chol era outbreak that has already claimed several hundred lives in the small Caribbean nation. According to the UN Office for the Coordination of Humanitarian Affairs (OCHA), over 12,000 Haitians having been hospitalized so far, and over 800 people have died from the disease, which is spread by contaminated food and water.Country Policy/ Possible Solutions Haiti has been overwhelmed with famine and disease for years, but after the massive January earthquake hit, it put Haiti in even more misery then before. Recently they have had close to none clean drinking water and food. The cholera epidemic has killed 1,110 people and sickened 18,382 as of November of 2010, and has piled depression on the Caribbean country. The violence in Cap-Haitian prevented cholera patients from reaching hospitals and halted distribution of medicines and caused many injuries. Protesters blamed U.N. Nepalese peacekeepers for bringing the cholera to Haiti, a charge denied by the U. N. mission. Anti-U. N. riots in the Haitian city of Cap-Haitian have upset worldwide efforts to undertake a spreading cholera epidemic, increasing the risk of infection and death for tens of thousands of poor Haitians in the north. With the number of cases from the current cholera outbreak in Haiti in the thousands and the number of deaths in the hundreds and rising, it is only a matter of time before this treacherous disease spreads into further more severe matters.A possible solution would be to provide a large administration of sugar water, and an increase in the number of clinics and medical facilities that offer intravenous fluids. If my resolution is promoted this issue would slowly fade because oral rehydration salts and oral electrolyte solutions are a simple, cheap, and effective treatment for diarrhoea-related dehydration such as Cholera. I also believe that if there is enough evidence to guarantee widespread use of the oral cholera vaccine people in Haiti and other nations would become healthier, preven ting them from infectious diseases such as cholera.The World Bank, UN, and other organizations willing to participate in this mission would help fund the project. Not only would these solutions ensure health, but it would also bring contributor nation’s one-step closer to the millennium goals of Combating Diseases and Environmental sustainability. Before cholera spreads to the U. S. and around the world, we need to see this outbreak contained and controlled in Haiti. More than anything else, we need big infusion of sugar/electrolyte drinking water and intravenous salt solution to be sent to the countries suffering with diseases along with a program to vaccinate travelers and everyone living there. Sources http://www. reuters. com/article/2010/11/17/us-haiti-cholera-idUSTRE6AG3ZC20101117 http://www. globalsecurity. org/military/library/news/2010/11/mil-101112-unnews03. htm http://www. who. int/cholera/en/index. html http://medical-dictionary. thefreedictionary. com/cholera htt p://www. who. int. mediacentre/factsheets/fs107/en/index. html http://www. undp. org/mdg/basics. shtml

Marketing strategy of Teletalk Banladesh Essay

Executive Summary From the dawn of human civilization people use many ways to communicate with each other and those ways of communication were changed or updated time to time because of new innovation and demand. The power of telephony is a new enterprise culture, from banking to agriculture to healthcare. The opportunities that lie in the telecom industry seem endless and lucrative due to the continuous innovation and growing demand for mobile-telephony. Nowadays mobile phones have become an indispensable part of Bangladeshi’s everyday-life and we never want to leave this device at home while we head for our work. Teletalk Bangladesh Ltd. was formed to operate the network installed by BTTB and it has been successful in operating a standard network and give proper service to the people of Bangladesh. Teletalk has introduced many attractive packages and all of them have been welcomed by the market. From the very beginning of its launching, Teletalk got huge popularity as it triggered the true co mpetition in the market. People have high expectation from Teletalk. They expect continuous network coverage all over the country, prompt customer service, and more value added services, data services of high band-width etc. from Teletalk. Teletalk must honor its customers by improving its services day-by-day so that people can realize that even in a competitive scenario, the public sector organization can achieve remarkable development if they get opportunity.The target market of Teletalk is clearly defined: Elite group (above 25years of age), Up market professionals and entrepreneurs and, Women and senior citizens. The Company aims to increase the current market share of 10% to 25% by December 2015 by continuously expanding and widening its coverage to the remotest areas in Bangladesh and creating Customer Care Touch Points across the Country. 2.0Company Overview Teletalk Bangladesh Limited is a public limited company, registered under the Registrar of the Joint stock companies of Bangladesh. Total shares owned by  the Government of the Peoples Republic of Bangladesh. Teletalk Bangladesh Limited (the â€Å"Company†) was incorporated on 26 December, 2004 as a public limited company under the Companies Act, 1994 with an authorized capital of Tk. 20,000,000,000 being the only government sponsored mobile telephone company in the country. On the same day the Company obtained Certificate of Commencement of Business. We continue to grow and engage our customers through our clear commitment to offering high quality products and services as well as leading customer retention and loyalty programmers. Teletalk continues to be a part of the revolution that’s connecting millions of Bangladeshi people and around the World. Teletalk Bangladesh limited was established keeping a specific role in mind. Teletalk has forged ahead and strengthened its path over the years and achieved some feats truly to be proud of, as the only Bangladeshi mobile operator and the only operator with 100% native technical and engineering human resource base, Teletalk thrives to become the true people’s phone – â€Å"Amader Phone†. Basic objectives for which the Company was formed are highlighted here under: 1. To provide mobile telephone service to the people from the public sector 2. To ensure fair competition between public and private sectors and thereby to safeguard public interest 3. To meet a portion of unmitigated high demand of mobile telephone 4. To create a new source of revenue for the government. Mission and Vision To innovate and constantly find new ways to enhance our services to our customer’s current needs and desires for the future. Our vision is to know our customers and meet their needs better than anyone else. To provide mobile telephone service to the people from the public sector To ensure fair competition between public and private sectors and thereby to safeguard Public interest To meet a portion of unmitigated high demand of mobile telephone. To create a new source of revenue for the government. 3.0 Current Market Situation Teletalk Bangladesh limited (TBL) have started their first operations in Bangladesh in 2004. The products have been well received and the marketing  is the key to the development of its brand image as well as the growth of the customer base. TBL now offering different packages for the customers. Bangladesh is the first South Asian country to adopt cellular technology back in 1993 by introducing Advanced Mobile Phone System. In fact, the liberalization of Bangladesh‘s telecommunications sector began back in 1989 but it took several years to launch the services. In 1996 the then government awarded three GSM licenses aimed at breaking the monopoly and making the cellular technology affordable to the general masses. There are six mobile phone operators in Bangladesh. These are Grameenphone (GP), Banglalink, Robi, Airtel, Citycell and Teletalk. Citycell is the first mobile phone operator in Bangladesh. Today GP is the market leader and Banglalink is the market challenger, in terms of number of subscribers they have, in Bangladesh mobile telecom industry. In Bangladesh, mobile phone subscribers are increasing very rapidly. In February 2009 total subscriber was 45.21 million which reached 76.43 million at the end of June 2011; at the end of December 2011 the figure reached 85.455 million and finally 92.120 million at the end of May 2012. Teletalk Bangladesh limited is entering its eight years of its operation. Its services have been well received and marketing will be key to the development of brand and product awareness as well as the growth of the customer base. To gain market share in this dynamic environment, Teletalk Bangladesh limited carefully target specific segment with features that deliver benefits valued by each customer. 4.0 Market Description Teletalk 2G posse’s good information about the market knows a great deal about the common attributes of the most valued customer. Before launching its experienced and prompt sell and marketing force observed the market carefully and better understood who is served, what are their specific needs and the way to communicate with the customers need and demand. Though the call rate tariff is reducing due to the heavy competition in the telecom market, the market is widening day by day as the number of mobile users are increasing and there is a lot of scope to develop this sector. Teletalk is the fastest growing telecom sector in Bangladesh. Teletalk is the part of  BTCL. At the time launching Teletalk the market was too competitive. Teletalk is the government own company operating in Bangladesh. Target market Customer can choose different packages based on several different service offer by the teletalk 2G. Specific segments are targeted by the teletalk. They different packages offer by teletalk for corporate people like teletalk executive, teletalk professional etc. From the teletalk product we can easily understand that teletalk targeting corporate people, business man and professional. Market Demographics The profile for the typical Teletalk customer consists of the following geographic, demographic factor: Geographies Teletalk has established their customer care point (CCP) only in the divisional cities and the big citied only. In their CCP’s they provides free services to their customer and also sells the mobile handsets, and mobile accessories. Demographics The teletalk Bangladesh limited targeted all group of people whose age is more than 18. Especially Teletalk 2G users are high income people who work in the different industry like bank, medical and different professional doctor, lawyers etc. 5.0 Product Review Teletalk offers an array of different packages. In addition to offering the fundamental pre-paid and post-paid mobile services, it offers a wide range of value added products and services such as, SMS, GPRS, mobile data services, infotainment services, SMS banking, Caller Ring Back Tone, Ringtones download, Picture Messaging, MMS, Voice Greetings. The pre-paid packages are- Standard Shapla (Pre-paid) Shadheen And the post-paid packages are- Standard (rajanigandha) Shapla (Post-paid) Corporate Packages Teletalk Executive (prepaid) Teletalk Executive (postpaid) Professional (prepaid) 6.0 Competitive Review At presents, there are around 6 companies that are now in the mobile phone business. They are – 1. Grameen phone 2. Banglalink 3. ROBI (Aktel) 4. Airlel (Warid Telecom) 5. City cell 6. Teletalk Those five mobile operators companies are the direct competitors of teletalk 2G. And there are also lots of indirect competitors of teletalk like Rangs telecom, Peoples telecom, etc. Citycell was the first to start telecommunication business in Bangladesh in 1989. GP and Aktel now ROBI started their business from 1997 & 1998. The service charge was great but the facilities was few. Banglalink made the history by inviting varity of services at a very cheaper rate. GrmeenPhone is the leader of the mobile market but banglalink is the second biggest company in Bangladesh. Grameen Phone Grmeen phone are the market leader in Bangladesh mobile phone operator. Grameen phone started its business in the year 1997. Grameenphone now provides voice, data and other value added services on prepaid and contract basis. Grameenphone has been a pioneer in bringing innovative mobile-based solutions to Bangladesh. Notable among these is the Healthline, a 24 hour medical call centre manned by licensed physicians. Other innovations include Studyline, a call centre-based service providing education related  information, Mobicash, for electronic purchase of train and lottery tickets, Billpay, for paying utility bills through mobile phones and over 500 community information centres across Bangladesh. These centres bring affordable Internet access and other information based services to people in rural areas. As at 31 March 2012, Grameenphone had 37.6 million subscriptions, while the estimated mobile penetration (SIM cards) and number of inhabitants in Bangladesh were 56% and 160 milli on, respectively. Grameenphone became stock listed in November 2009, with, as at the date of this Base Prospectus, the largest public offering in Bangladesh. It is listed on both the Dhaka and Chittagong Stock Exchanges. Banglalink GrmeenPhone is the leader of the mobile market but banglalink is the second biggest company in Bangladesh. banglalink made a revelation in the telecommunication sector. Banglalink provides different packages for different segments like Banglalink icon for corporate and high income group people and Banglalink DESH gives the best rate for their users. ROBI Robi Axiata Limited is a joint venture between Axiata Group Berhad, Malaysia and NTT DOCOMO INC, Japan. Robi Axiata, formerly known as Telekom Malaysia International (Bangladesh), commenced operations in Bangladesh in 1997 with the brand name AKTEL. On 28th March 2010, the service name was rebranded as ‘Robi’ and the company came to be known as Robi Axiata Limited.robi charges on-net and off-net .68tk/min robi to robi. Airtel Taking over warid telecomm airtel is running its operation as mobile phone operator in Bangladesh. They are the first choice young generation people. They give lots of bonus and gifts to their customer and they charge very low. City Cell City cell is the first mobile operator company and only one CDMA company in Bangladesh. Though city cell is the first company in the Bangladesh they did not stable the market as a first mover. 7.0 Channels and Logistics Review Teletalk has established their customer care point only in the divisional  cities and the big citied only. In their CCP’s they provides free services to their customer. Teletalk will be distributed through a network of retailers in the market. Among the most important channel partners being contacted are- Own outlet- Teletalk sells there product on their own customer service center. Mobile phone retail store- the mobile phone retail store and recharge centre carry teletalk 2G SIM. Electronics Specialty store- This kind of store also carry teletalk 2G SIM. SWOT Analysis The following SWOT analysis captures the key strengths and weaknesses within the teletalk 2G and describes the opportunities and threats facing teletalk. Strengths: The most and the important strength of the Teletalk is a government owned company and can easily use the government resources. Strong brand equity and recognition in Bangladesh Steadily growing customer base Alliances with industry leading corporations in mobile services & technologies The public organization uses the Teletalk as their official purpose, i.e. Desco and Desa loadsheding information. Weaknesses: The network facility all over the country is not satisfactory. The customer satisfaction is not available all over the country. Cannot offer the Value Added services other than other operators. Steady decline in average revenue per user (ARPU) No presence in key emerging markets Taxes imposes by the government Lack of experience Short of sales people Opportunities: Increasing network coverage in the Bangladesh First to introduce as T&T in coming. Mobile internet expansion New product Price competitiveness Large market Target new market segment Bankable project Availability of raw materials Free Move alliance Threats: Intensifying competition consolidation in the market Economic slowdown Bangladeshi regulation on cross-border cell phone usage by customers Political Unrest No promotional Activities Analysis of Strengths Subscriber inclination to Teletalk as a government owned organization: People have a deep inclination towards Teletalk . Because subscribers have more confidence in the government institution. They think that they might get some extra benefit from Teletalk like lower call rate, optical fiber facilities etc. rather than other providers. Teletalk’s all connections are ISD & EISD: It’s a big strength of Teletalk. It’s the only SIM which has such a versatility of connections having ISD, Economy ISD service along with both incoming and outgoing connectivity with any of the land phones. This is not seen to other providers. It gives a tremendous competitive advantage to the Teletalk Bangladesh ltd over its respective competitors. Teletalk is the only indigenous company using GSM service: Teletalk is the only local organization which is providing GSM technology in this country. The other local organization named pacific telecom is providing CDMA technology which is more expensive. So Teletalk can take this advantage over its competitors. It has also provided incoming facility up to 2015: Teletalk have a strong strength over its competitors in case of incoming facility. Teletalks present incoming duration is up to 20015. Which is 20 times more than other competitors? From the very beginning it is providing free TNT incoming: Teletalk is the only provider which is providing T&T incoming free from the very beginning. Whether other operators providers providing such kind of facility just now. Moreover its contribution to our economy can be notable: As a Govt. owned company Teletalk have a strong contribution in our national economy. Its one of the high profit generating Govt. organization  in Bangladesh. Low cost provider: The most remarkable success of Teletalk is the slump in tariff structure. It is the lowest cost provider in Bangladesh telecommunication market. Analysis of Weaknesses Premature entrance in mature market: The biggest weakness was a premature entrance in a mature market. As soon as anyone could catch hold of a Teletalk mobile, he started comparing it with the services of Grameen, Banglalink or Aktel. Lower number of human resource: The number of employee of Teletalk is too much lower regarding its requirement. As a result the service quality and customer satisfaction go down. Failed to identify difference between developed market and developing market: Teletalk failed to identify the difference between developed market and developing market. There strategy making is not match with the current situation. Lower promotional activities: The promotional campaign of Teletalk is not too much strong like other providers of Bangladesh as result consumers are less aware about Teletalk and its package. Weak management system: poor coordination among different functional department of Teletalk as result service efficiency goes down. Poor marketing: The overall marketing activities of Teletalk is not much rich like other competitors. Lower number of value added service: Teletalk Bangladesh Ltd. is providing a less number of value added service to its subscriber regarding its competitors. As a result subscribers are becoming dissatisfied on the Teletalk service. The comparison of value added services of different operators are mention below. Whereas Teletalk providing less number of value added service. Objectives and Issues OBJECTIVES Profitability Objectives-To achieve a 20% return on capital employed by August 2013. Market Share Objectives-To increase the current market share of 10% to 25% by December 2015 Promotional Objectives-To become the most admired telecom operator in the country by June 2015. Objectives for Survival-To survive the current double-dip recession. Objectives for  Branding-To make the teletalk brand the most preferred brand in the telecom industry across the Bangladesh by 2018. Issues Though teletalk started its operation 2005 but the company is not well established so our main issue is the ability to establish the teletalk as a one of the market leader and meaningful positioning. The teletalk will have to invest heavily in marketing to create a memorable and distinctive brand image projecting innovation, service and value. Teletalk have to measure awareness and response so they can adjust they are marketing efforts as necessary. Marketing Strategy Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage. Teletalk as a market follower in the current Bangladesh telecom industry has to deploy various kinds of strategies in order to be able to stand the intense competition. Positioning Positioning is the heart of marketing strategy. It is the act of designing the companies offer and image so that it occupies a distinct and valued place in the target customer. After the company has decided which market segment to enter with which product, it must decide what positions it want to occupy a clear distinctive and desirable place relative to competing products in the mind of target customers. The company’s entire marketing program should support the chosen positioning strategy. Since if a product is perceived to be exactly like another product on the market, consumers would have no reason to buy it, Teletalk brings special features on the product as well as significant various services that positioned the products in the target segments. Products can be positioned with some positioning strategy. We find that Teletalk has taken has taken multi-various strategy to position its various product in the market. Teletalk position itself as own mobile phone company (Amade r phone). Teletalk is owned by Bangladesh government. It designed its products according to the usage occasion.  Consumers can use teletalk in specific occasions according to their need such as the international roaming gives the consumers an opportunity to use their cellular phone in abroad countries. The products of teletalk are available for certain classes of users. Marketing Mix 4p’s Products The basic product of Teletalk Bangladesh Ltd is its SIM. Connectivity is the Core Benefit of this product. The Expected Product is good connectivity and a large area of coverage which Teletalk struggles to maintain. Teletalk is now concentrating on its Augmented Product which is VAS (Value Added Services).It has launched some new VAS recently such as Internet SMS while previous ones such as Cricket Update or Load Shedding update continue to serve. And teletalk 2G can convert to teletalk 3G. Price The present pricing strategy for Teletalk prepaid connections is shown here- Package: Standard Call Directions Call Categories Peak [ 8am-12am ] Off Peak [ 12am-8am ] Out Going Calls Teletalk to Teletalk Tk. 1.40 Tk. 00.60 Teletalk to Others Tk. 1.90 Tk. 1.00 Teletalk to Overseas Tk. 1.90 + ISD & EISD Tk. 1.00 + ISD & EISD SMS and Voice SMS Tk. 1.00 and tk.2 GPRS Tk. 00.02/KB or Unlimited fee Tk. 800.00/Month FnF Tk. 00.75 [Teletalk] & Tk. 1.25 [Other] Package: Shadheen Call Directions Call Categories Peak [ 8am-12am ] Off Peak [ 12am-8am ] Out Going Calls Teletalk to Teletalk Tk. 0.99 TTk. 00.60 Teletalk to Others Tk. 1.90 Tk. 1.00 Teletalk to Overseas Tk. 1.90 + ISD & EISD Tk. 1.00 + ISD & EISD SMS and voice SMS Tk. 1.00 and Tk. 2 GPRS Tk. 00.02/KB or Unlimited fee Tk. 800.00/Month FnF Tk. 00.25 & Tk. 1.00 [Other] Teletalk will practice customer base pricing strategy, flexible pricing mechanisms and controlled by. In order achieve to strategic goal of cost leader we continue to maintain a pricing formula which is less than market leader by 20%. Promotion Advertising Teletalk will have to pursue an aggressive advertising campaign, as it will provide unsought services. Printing, electronic and some other Media will be used for this purpose. Print Media Electronic Media Others News Paper Magazines Television Radio Internet Outdoor Tri vision Print Media Newspaper- Teletalk should increase its advertisements in The Daily Star, TheDaily Prothom-Alo etc to communicate with the target groups. Magazines- Teletalk should advertise in magazines. Electronic Media Television- Television advertising is certainly the most effective communication strategy. Advertising for Teletalk can be done on ATN Bangla, â€Å"Channel i† etc. in their prime hours on a relatively regular basis. Radio- As the FM radios are emerging rapidly as a strong media, there will be some radio advertisement to cover the necessity based target group. This will also help to build the way when Teletalk will be gradually penetrating other areas of Bangladesh. Internet- Teletalk plans to develop a strong web page. Developing a web page and its maintenance would not be expensive. The page will contain attractive and at the same time important information about Teletalk. Transit- Recently Teletalk has advertised in BEVCO buses covering the whole bus with Teletalk themes and ads. It will publish some attractive ads and use it in some private and mass transits like Volvo and Premium bus service. This type of advertising will increase the visibility of Teletalk.. Billboard- Some billboards will be placed on busy and important roads in Dhanmondi, Gulshan, Banani, Uttara, and New Market areas. Place Teletalk sales its products through its customer care centers and the dealers. It has only 4 customer care centers which should be increased to give better service to its existing and potential subscribers. Its distribution should be made better by making SIMs available in small retail shops in every area. Teletalk participates in the trade fairs and that is also a good place to gain the attraction of the subscribers. Distribution Strategy Teletalk doesn’t sell its packages directly to its customer. Rather it maintains an indirect distribution channel for the customer. It appoints dealer for sell. Through the dealers the packages are distributed to the customers. Consumers can get the package through them. Teletalk always wants to sell its products as many as they can. As a result they try to make the packages available as many outlets and retailers as possible.The  distribution network of Teletalk is as follows Marketing Research Teletalk possesses good information about the market and knows a great deal about the common attributes of the most prized customer. This information will be leveraged to better understand who is served, what their specific needs are, and how Teletalk can better communicate with them. Using research, we are identifying the specific feature and benefits that our target market segments value. Feedback from market test, surveys, and focus group will help us develop the teletalk 2G. We are also measuring and analyzing customers attitudes towards competing company and product and services. Brand awareness research will help us determine the effectiveness and efficiency of our messages and media. Finally we will use customer satisfaction studies to improve our service and product feature. Marketing Organization Teletalk chief marketing and sales officer Mr. Habibur Rahaman holds overall responsibility of the company’s marketing activities and Unitrand ltd. advertisement firm the external marketing organization for teletalk. Implementation The following milestones identify the key marketing programs. It is important to accomplish each one on time and on budget Control and Evaluation of Performance Taletalk’s marketing plan is to serve as a guide for the organization. The following areas will be monitored to gauge performance: Revenue: monthly and annual Expenses: monthly and annual Customer satisfaction Market Share Subscriber base New product development Conclusion The biggest advantage of is that it’s a government company though teletalk did not established as a market leader. And teletalk can improve its product and service to retain in the market. GP is the leader in the market and banglalink is in the second position. Teletalk has got lot of aspect to improve the situation. To be the market leader teletalk must be very careful in the field of marketing plan and the success of the company is a matter of subject that how they are implementing the plan. References 1. www.google.com 2. www.teletalk.bd.com 3. Annual report 2009-2010 4. BTRC