Australian Business Sustainabilit Report

G4 GRI Guidelines offers direction in an easy to understand way and aides in improving the specialized nature of the rules, to dispose of the odds of vagueness and differing understandings, with the goal that it benefits the clients and reports of such data, in a uniform way. These rules help in centering upon what makes a difference and where it is important. These rules additionally empower the distinguishing proof of the basic issues which must be overseen and changed, and if the substance is prepared to oversee such issues or not. Further, these rules are centered around the material maintainability related issues. Corporate Governance alludes to the practices, gauges, and rules, which an organization needs to follow, to guarantee that the organization works in a defended way. Corporate Governance includes social obligation and identifies with equalization of the interests of the different partners, including the clients, agents, investors, the executives, network, just as, the legislature. Corporate administration incorporates the choices made by the administration of the organization and frequently includes a great deal of issues with it. The Board of the organization has been submitted in giving acceptable comes back to its partners, just as, satisfying the commitments, alongside the duties related with corporate administration, to the greatest advantage of the organization. The organization is moving in the direction of guaranteeing that the creation of the Board has the suitable blend of abilities, just as, will be according to the corporate administration principles. The organization needs to confront issues in regards to the autonomous status of one of its executives and needed to survey the situation just as relationship of the entirety of its chiefs (Wesfarmers, 2015). The organization likewise agrees to the Corporate Governance Principles and Recommendations gave by the ASX Corporate Governance Council’s third release (Wesfarmers, 2015). Wesfarmers is influenced by different material maintainability issues. To support the social issues, the organization bolsters the neighborhood networks, particularly in instances of catastrophic events. Further, to screen the quality issues identified with the results of the organization, the organization offers ‘Greener Work Place’, just as measures the conveyed in-full on schedule. Different issues identifying with the matter of corporate administration and social obligation identifies with the inborn hazard related with the activities of Wesfarmers, for example, the wellbeing episodes, the gracefully chain issues, and the items administrations risk dangers. The organization is continually connected with its partners to comprehend the issues which influence them (Wesfarmers, 2015). These issues are tended to and the advancement is accounted for in the maintainability report of the organization. The maintainability issues are overseen by the Board of the organization at divisional level and are consistently detailed. In the accompanying parts, these issues influencing the different partners of the organization, in line of the G4 GRE Guidelines have been featured. The organization has been following a scope of G4 GRI Guidelines (Wesfarmers, 2015). The degree of self-adherence of these rules has been summed up underneath: G4-DMA, G4-EN15, G4-EN16, and G4-EN17 Social: Labor Practices And Decent Work Equivalent Remuneration For Women And Men Provider Assessment For Labor Practices Opportunity Of Association And Collective Bargaining The degree of adherence of these rules for the year 2014 and 2015 has been summed up beneath. A correlation has likewise been made, alongside the remarks on the rebelliousness of the specific rules. The organization is liable for giving work to one out of 55 Australians. The organization procures 98% of its incomes from the nation, just as, 75% of the portions of the organization on issue, are held in the nation (Wesfarmers, 2014). The organization had utilized 207282 individuals till June 2014. The measurements uncover that for the year 2014, the organization had made direct commitments adding up to 44.6 million dollars and the roundabout commitments adding up to 50.8 million dollars (Wesfarmers, 2014). This makes the network commitments, by the Wesfarmers bunch as 95.4 million dollars (Wesfarmers, 2014). The organization meets the extremely essential needs of the network by giving food, apparatuses, just as, attire to the network. The organization is liable for giving work to one out of 59 Australians (Wesfarmers, 2015). The organization has been paying expenses consistently and furthermore gives the vital help to the not-for-profit associations. The organization procures 98% of its incomes from the nation, just as, 80% of the portions of the organization on issue, are held in the nation (Wesfarmers, 2015). This makes a significant positive effect on the economy of Australia, alongside adding to different economies. The organization paid $43,045 million to the providers, notwithstanding the wages and compensations, where the organization paid more than $7,830 million to its 205000 representatives. Further, the organization paid $1,578 million in sovereignties, duties, and demands, and $2,246 million in profits to our 500,000 investors (Wesfarmers, 2015). The organization has contributed $50 million to network associations which equivalents to 1.5 percent of benefit before personal assessment. Further, the organization has aided gifts from representatives and clients, which sums to $52.7 million (Wesfarmers, 2015). The insights uncover that for the year 2015, the organization had made direct commitments adding up to 50 million dollars and the roundabout commitments adding up to 52.9 million dollars. This makes the network commitments, by the Wesfarmers bunch as 102.9 million dollars (Wesfarmers, 2015). An uncommon consideration is paid in the issues like sexual orientation assorted variety, just as, the incorporation of the Indigenous individuals. The organization has expanded the portion of giving work to the individuals. Further, the organization has additionally expanded the offer on issue inside the nation. The organization is routinely giving exceptional consideration to the issues like sex decent variety, just as, the incorporation of the Indigenous individuals. Thus, in contrast with 2014, in the year 2015, the organization has kept up and exceeded expectations at it’s the G4 GRI Guidelines. The organization saw a lessening in the discharges power, alongside expanding the exercises of reusing. The Scope 1 and 2 discharges power indicated a reduction by eight percent when contrasted with 2013. The green house discharges by Coles diminished for the current year, however the emanations at Target expanded by 6.8 percent. The organization is additionally attempting to decrease the utilization of water, alongside discovering increasingly practical wellsprings of water (Wesfarmers, 2014). The organization screens and deals with its ozone harming substance outflows, alongside the chance of lessening them. The organization has understood the significance of diminishing waste makes ecological advantages, yet benefits for the business too. Thus, the organization has found a way to occupy its loss to reusing all through the whole life pattern of the item. The organization is likewise attempting to diminish the utilization of water, alongside discovering increasingly reasonable wellsprings of water. The organization has found a way to ensure the biodiversity. So as to deal with this, the organization has set up a balance region at Mt Flora, in order to repay the loss of 220 hectares to the environmental network. The Scope 1 and 2 outflows (CO2e) totaled to 4,011,584. The Scope 33 outflows (CO2e) contained the vehicle discharges at 13000, the air travel at 27337, the loss at 154701, the transmission and dispersion of power at 474,622, and the LPG, petroleum gas and diesel at 103,110. The Equity extent of joint endeavor organizations (CO2e) were accounted for at 275140. Also, the Emissions force (CO2e/$1 million income) was at 64.2 (Wesfarmers, 2015). There was a one percent decline in the Scope 1 and 2 discharges (CO2e). The Scope 33 discharges (CO2e) are not practically identical straightforwardly as the vehicle outflows were excluded a year ago. On the off chance that the vehicle outflows are avoided, there is a seven percent decline in these emanations. There has been a four percent expansion in t the Equity extent of joint endeavor organizations (CO2e). Also, the Emissions force (CO2e/$1 million income) revealed a one percent decline. In this way, it tends to be seen that the outflow force of the organization has diminished by and large. The Company is persistently attempting to diminish the use of water, alongside discovering increasingly feasible wellsprings of water. The Total Recordable injury recurrence rate was 42.7 this year. The Lost time injury recurrence rate during the current year was 7.7 percent. The workers’ pay claims for 2014 were 6940 (Wesfarmers, 2014). As secured over, the organization gives work to one out of each 59 individuals in Australia. 59 percent of the abundance of the organization is conveyed as far as wages, advantages and pay rates to the workers. The security of the work environment is the most elevated need for the organization. The Total Recordable injury recurrence rate was 39.5 this year. The Lost time injury recurrence rate during the current year was 7.3 percent. The workers’ remuneration claims for 2015 were 7462 (Wesfarmers, 2015). There has been a 7.5 percent improvement in the Total Recordable injury recurrence rate.â The Lost time injury recurrence rate was decreased by 5.2 percent. The workers’ pay claims diminished by 7 percent. The organization neglected to give the breakdown of its representative turnover according to age gathering; the breakdown of Total Recordable injury recurrence rate and the Lost time injury recurrence rate; and the total proportion. The organization centered towards improving the moral sourcing of its items. This was finished by reinforcing the gracefully chain, just as, expanding the straightforwardness. The organization sources its items from a wide scope of area. A portion of these countries follow lower levels of guidelines and consequently, the organization is careful with respect to the related dangers. The organization likewise follows a moral so

Is the Impeachment in the Nations Best Interest? :: History Clinton Scandal Essays

Is the Impeachment in the Nations Best Interest? The President of the US deterred equity by urging Monica Lewinsky to document a bogus oath on account of Jones v. Clinton. At that point he submitted fantastic jury prevarication when he expressed that he told Ms. Lewinsky she may have the option to abstain from affirming for the situation by documenting an affirmation. He additionally blocked equity by permitting his lawyer to utilize this bogus oath trying to remove a real line of addressing during his testimony. He at that point lied about this obstacle before the great jury. The President despite everything denies he violated the law. He knows, notwithstanding, that when he admits this then it’s all over for him. Actually I figure the President broke the law. Yet, is it worth giving up the prosperity of the country over this? Would we truly like to look at our children without flinching and disclose to them that the nation’s economy was destroyed over the Presidents penis? How could this prosecution be useful for the nation? Is it by one way or another going to make the nation more grounded for individuals to see that even the President isn't exempt from the laws that apply to everyone else. Consistently individuals see cops fixing tickets, makes a decision about fixing tickets, government officials getting the offspring of their â€Å"friends† free when they messed up and there are several different ways individuals in this nation maintain a strategic distance from the outcomes of the law. Americans are accustomed to washing every others backs and looking the other way. But at this point the President can’t pull off uncovering himself without being accused of deterrent of equity. It’s down right unnerving to think the President of the wealthiest nation on the planet doesn’t have enough draw to escape this. I present that O.J. Simpson pulled off executing two individuals and with a heap of proof against him. So in the event that you can’t trust this Democratic President who would you be able to trust? Absolutely not the Republicans, they said â€Å"Hey Bill simply concede wrong doing and all will be forgiven† yet that clearly was a falsehood. Presently the war against the two gatherings has taken on another savagery. The before you know it neither one of the sides can trust the other. Accept this as a speculative senario. Pressures work between the two gatherings, a Democrat bombs the Republican base camp, the Republicans fight back, and hard lines are attracted our nation.

Blood clots Essay

Blood clumps are otherwise called the clots which is the consequence of blood coagulation step in hemostasis. Blood clumps are shaped through platelets’ animosity which makes a platelet plug and the incitement of the humoral coagulation framework. Blood clumps noted as a pathologic as far as apoplexy yet then it is physiologic as far as injury. Clots connotes blood coagulating in the unblemished veins. It is a major vein that lessens blood stream through that vessel. Additionally, on account of little vein, the blood development may thoroughly stop which may cause passing of tissue which gave by the said vessel. On the off chance that the blood clot removes and ends up being free-skimming, it turns into an embolus. There are a few conditions where blood clusters structure which include atrial fibrillation which is a cardiovascular arrhythmia’s arrangement, heart valve substitution, expansion times of inertia, a past coronary failure and hereditary deficiencies (see â€Å"Thrombus†. Wikipedia, the free reference book. October 11, 2006). Blood clots’ anticipations may diminish the chance of aspiratory embolism, respiratory failure and stroke. Warfarin and heparin are as often as possible used to slow and limit development and progress of winning blood clusters which license our body to diminish and suspend the blood coagulations by methods for common techniques. A blood clot is particular from haematoma by methods for: >being non-laminar >being flexible and weak > has a high haematocrit >lacks of dissemination (see â€Å"Thrombus†. Wikipedia, the free reference book. October 11, 2006). The reasons for this examination are to: (1) recognize what blood clumps are; (2) know on how blood clusters do frame and; (3) figure out how blood clumps treated. II. Conversation A. About Blood Clots If the veins are devastated, the absence of blood from the framework ought to be suspended before â€Å"shock† happens and may perhaps leads patient’s demise. It is accomplished through the blood’s cementing and the said procedure is named as coagulation or thickening. Blood clusters involve an attachment of platelets trapped in a gathering of insoluble fibrin particles (see â€Å"Blood Clotting†. June 4, 2005). In addition, blood clumps are the hopelessness and nuisance of the presence of people. The can make strokes and coronary failures and they suspend blood gracefully to an individual’s legs. Numerous doctors signify this procedure as apoplexy. A few researchers have broad looked into for a while with respect to the vascular science which has a goal to stop apoplexy and fix its outcomes yet it constantly fills in as a guilty party for death causes. Around in the previous five years, the Mayo cardiovascular analysts ceaselessly augmented their examinations with respect to the vascular science after they discovered that apoplexy framed through collaboration of cells exist in the vessel divider and in the course of the circulatory system. Dr. Simari expressed that: â€Å"The significant focal point of our lab is to comprehend the natural procedure that river veins, both in arthrosclerosis and in re-stenosis. Our point is to take the organic pieces of information that we gain from our exploration and use them to produce natural markers and medications that can anticipate, forestall and treat apoplexy at the site of vascular injury (see â€Å"The Biology of Blood Clots†. Mayo Clinic’s Online Research Magazine. 2006). Moreover, the blood coagulations grow regardless of whether an individual doesn't encounter injury. Despite the fact that lion's share of the blood coagulations tend to suspend, there are conditions in which blood clusters can make clinical issues. Blood clumps end up being hazardous in the event that they square blood development by means of corridor or vein. In the event that the blood coagulation forestalls or hinders the blood development to a corridor in the cerebrum or heart, it might prompt stroke or cardiovascular failure. Blood clusters can hinder, as well, the veins and courses in our whole body which cause sicknesses like varicose veins to genuine pneumonic embolism. The image underneath outlines the development of blood clump (see â€Å"Blood Clots†. HeartCenterOnline. May 9, 2006). B. How blood clusters do shape? The cells which line inside the layer of vein becomes harmed which is actuated by an injury. The blood platelets naturally go legitimately to the harmed territory and associate themselves with the expectation to close of the injury. Take a gander at the image underneath (see â€Å"How do blood clumps structure? Walk 11, 2004). Platelets cluster together and the garments procedure starts The platelets release a synthetic substance which draw and unite more platelets to the harmed zone. Meanwhile, different substances are blend in with platelets to make and build up a blood coagulation. This procedure is named as coagulation. Fibrin is discharged. Fibrin portrays as a string like protein which helps the adjustment of the coagulation in the vein. The image underneath shows how blood clump structures and fibrin settles cluster (see â€Å"How do blood clusters structure? Walk 11, 2004). Moreover, blood cluster can be grown too through progressive increment of plaque inside the supply route a model for this is the atherosclerosis-or different sicknesses. Any vein or corridor may perhaps understanding and structure blood clusters inside our body which incorporate the coronary supply routes that furnish the heart with blood, the conduits which furnish the mind with blood-a model for this is the carotid courses, and the veins in the legs. As referenced before, blood clumps can likewise be perilous if will it create inside in any of these supply routes: ? The aspiratory supply route goes through from the heart to the lungs. Block in this corridor is named as a pneumonic embolism and may make an extraordinary harm in the lungs and in a few conditions, may prompt demise. This is a direct result of the irregular heart beat which is named as atrial fibrillation or through a fringe venous turmoil inside the veins of the legs-a model is the profound vein apoplexy. ? One of the coronary courses that can be found on the heart’s surface and furnish the heart muscle with new, oxygen-rich blood. The check of the coronary supply routes may perhaps cause a respiratory failure. In this condition, blood clusters typically create as a response to the plaque burst that occurs if a plaque accumulates inside the coronary vein fractures’ divider, which start blood thickening. ? The carotid courses that is situated in the neck and give the mind oxygen-rich blood. Deterrent may perhaps start a stroke-a model for this is the transient ischemic assault. ? The femoral vein which is situated in the leg. Hindrance may affect torment like claudication, nonappearance of color’s territory, shortcoming and when this isn't relieved, disease like gangrene and tissue passing like corruption. A supply route can be situated in the mid-region. Impediment may make loose bowels, spewing or torment (â€Å"Blood Clots†. HeartCenterOnline. May 9, 2006). C. how blood clusters treated A few doctors fix blood clumps with a few methods. Medications like anticoagulants that guide to forestall blood clumps and cluster busters that guide to suspend blood clumps. In some genuine conditions, doctors may conceivably choose to use for a catheter-based methodology which use a long, slight cylinder named as catheter or even choose for a medical procedure to remove the coagulation thrombectomy. In addition, there are perhaps gadgets that should be embedded specifically veins so as to get blood clumps before there will be more injury occurred (see â€Å"Blood Clots†. HeartCenterOnline. May 9, 2006). C. 1 Treatment choices for blood clumps The choice in treating blood clusters is a case to case premise whether the coagulation has created in a supply route or a vein and makes stroke or cardiovascular failure. During crises, thrombolytic medicines clump busters-may perhaps used to suspend the blood coagulation. These medicines are applied to some chosen patients in understanding to a broad convention. So as to be effective, they are given no short of what one hour of the respiratory failure or in three hours of the stroke. Thrombolytics are ordinarily applied when there are colossal clusters which cause extreme and perilous signs. These can make sudden and unforeseen dying. There are numerous intrusive techniques that can likewise be utilized. One of these is the catheter-coordinated thrombolysis. It is a strategy which the catheter procvides thrombolytic catalysts directly to the blood coagulation. All through this procedure, more noteworthy enzymes’ fixations could be used and may perhaps have lesser reactions analyzed when the proteins are provided subcutaneously no under two days. Thrombolytic technique is trailed by a treatment that has anticoagulants to prevent more blood clumps from arrangement. Anticoagulants could be encouraged to patients that have incredible danger of a blood coagulation. Scientists are truly making a decent attempt to various catheter-based methodology to fix stroke quickly. One of the exploratory systems which included is the utilization of a minor â€Å"corkscrew† gadget which quickly turns around the injury made by a stroke. The said gadget is coordinated to where the blood coagulation is; the place it evacuates the impediment. Another strategy relies upon an exceptional laser catheter which uses light vitality to suspend quickly the blood coagulation. These most recent treatments can be open to a patient that can't tolerate cluster busting drugs (see â€Å"Treatment choices for blood. † Blood Clot, HeartCenterOnline. May 9, 2006). Besides, when a blood coagulation creates in a leg vein, there is a hazard that an aspiratory embolism will shape. An aspiratory embolism may perhaps be a dangerous in which blood clumps split away from its area and goes through the circulatory system and remain in one of the veins of the lungs. To keep away from and stop an aspiratory embolism, the current blood clusters in the legs may relieved with a blend of warmth, thrombolytics, painkilling medications, height of the harmed zone to l

The Jazz Age Essay examples -- History, The Roaring Twenties

Viewing a film during the 1920s was a modest and simple approach to be moved into a universe of allure and marvelousness, a universe of wrongdoing, or a universe of enchantment and riddle. A portion of these universes included parts of recent developments, similar to war, wrongdoing, and advances in innovation; while others were totally anecdotal puzzles, sentiments, and comedies. Heartbreakers, heartthrobs, humorists and lovely ladies ruled film screens the nation over in theaters, called Nickelodeons. Nickelodeons were essential and little theaters which later changed into lavish and momentous castles. At the point when sound was brought into film by Warner Bros. Pictures, â€Å"talkies† took top position over quiet movies. â€Å"Movies were a work of art that had general intrigue. Their quintessence was amusement; their prosperity, budgetary and something else, was huge† (1920-30, 3/19/11). Movies offered a break from the difficulties of regular daily existence durin g the 20s, and moviegoers the nation over totally shared an all inclusive language: watching motion pictures. Despite the fact that the film business initially started in New York, Hollywood grabbed the eye of makers as a result of its different areas for shooting movies and perfect climate for all year creation. The atmosphere and landscape were by all account not the only reasons producers moved to Hollywood. Thomas Edison, alongside others, claimed licenses over the procedure of filmmaking, and moving to Hollywood was utilized by makers as an approach to keep away from claims (Digital History, 2/12/11). In the start of The Roaring Twenties, around fifty million individuals went out to see the films every week, intensifying to ninety million out of 1929. These enormous numbers are a consequence of the public’s fixation on the movies’ excitement, advancement, and sex advance. Watching motion pictures roused the watchers to ea... ...do their tasks and work: to acquire cash to see a film. The Roaring Twenties, otherwise called The Jazz Age, was an occupied and intriguing time with regards to history. Films set new guidelines in the public arena, changing mainstream society for both the best and the most exceedingly awful. The best part of how mainstream society was changed by society was the adjustment in how individuals acted and dressed. One negative part of how film influenced the general public of the 1920s was the expansion in participation of the Ku Klux Klan, and some development in posses and viciousness. Youngsters and ladies grew new opportunities and perspectives like the characters in the motion pictures they viewed. Ladies became freed and understood that there was more to them than cooking and cleaning. Going out to see the films was another motivator for youngsters and adolescents to do their errands. With everything taken into account, motion pictures changed mainstream society during the 1920s and it will never be the equivalent.

Essay Sample on Necessity of Computer Literacy in College

Essay Sample on Necessity of Computer Literacy in College Should Computer Literacy Be Required for All College Students? Having access to computer software and the Internet became very important in the modern world. Whatever position you hold, you need a computer support. A manager uses his laptop to look through financial statements, send emails or hold videoconferences. A maid needs a special card to get access to rooms and the whole hotel system is controlled by the computer. Furthermore, one can use Internet access for entertainment. For instance, it is much easier to check when and where the first run of a film will take place than to call. In the age of the global computerization computer illiteracy could be a great problem for younger generations. University and college authorities implement platforms for e-learning and self-training, yet a lot of students are not able to use them. They are not aware of how the system works and what they need to do to become more successful in the studying process. Moreover, professors require their students to make presentations using Power Point or even short film projects on selected subjects. Computer-illiterate students cannot cope with such tasks as they don’t have any skills for that. Still, there is no problem without solution. One of the best ways to avoid such difficulties would be to implement compulsory computer courses in schools. Such course should teach students how to work with the most widespread software, use different Internet browsers and define the most common computer malfunctions.

Money Laundering in Malaysia - Free Essay Example

Part A Explain what is illegally depositing money in a company ( illegal deposits ) or commonly called as money laundering. Explain using an actual example of a Malaysian company found to have conducted illegal money depositing. What sanctions were imposed on those who were caught to have involved in such activities. (20 marks) Money laundering refers to the illegal proceed of drug crime syndicates, terrorist crimes, smuggling or other crimes and the income generated through a variety of means to disguise or conceal the source and nature, it is in the form of legalization behaviour. The most common types of criminals who need to launder money are drugs traffickers, corrupt politicians and public officials. The processes of money laundering are very extensive. Though criminal money can be successful laundered without the help of financial sector, in reality, it can be done through financial institution annually. The nature of services and products offered by financial services industry (managing, controlling and possessing money and property belonging to others) can be easily abuse by money launderers. Money laundering can be done through investing money in legal business, acquisition of assets by paying the necessary taxes and use underground banking ways to transfer the money. Money launderin g has been described as a process which takes place in three distinct stages, which are placement, layering and integration stages. At the placement stage, the launderer puts the dirty money into a legal financial institution. It often be done in the form of cash or bank deposits. This stage is the riskiest as large amount of cash can easily bring conspicuous and banks are required to report high-value of transactions. Next, it moves to layering stage. It involves sending money through many types of financial transactions to change its form and make it hard to follow. Layering may consists of several bank to bank transfers, making deposits and withdrawals continually vary the amount of money in the accounts or purchasing high value items such as houses, cars, diamonds and so on to change the form of money. Lastly, at integration stage, the money re-enters the mainstream economy in legitimate-looking form. It can appear to come from a legal transaction. This also involves a final ban k transfer into the account of a local business in which the launderer invests in exchange for profit reduction. Thus, the criminal can use its money without getting caught. For understanding why the people committed into money laundering cases, at first, we need to understand why people do crime activities. Crimes are classified into three types which are crime of honour , crimes of violence and economic crimes. Economic crime is the most common crime which happens around the world. This type of crime usually carries out due to two reasons. One of the reasons is to prove to their friends that it is possible to commit in such a crime and still can escape from getting punishment by the Law. Another reason is that it is practically possibly to make more money while getting involved in crime than making money in a legal way in same effort. After making black money, criminals can invest it on another criminal activities to hide it for some time or spend it instantly. Due to these rea sons. Criminals can quickly move the money before it will be traced by the investigators. If somehow the money can be put into a black hole, the investigators will lose track forever. The objective of money laundering can be earning the profit by get involving in the crimes. The reason for the creation of offence is that it is wrong for individuals and organizations to help the criminals to gain advantages from the proceeds of their illegal activities or to bring out the commission of such crimes by giving financial services to them. Their aim for money laundering is also can be enabling for them to take control over the proceeds and ultimately, provide for their income and wealth. Examples of Malaysian Company found to have conducted illegal money depositing are AK United Sendirian Berhad and Bestino Group Berhad. Nowadays, money laundering becomes a serious problem today. In view of this, it is the common denominator of predominantly all other criminal acts. It is impossible to relate it with other criminal cases. People tend to hide the sources of the money coming from. Thus, this will cause difficult for the government to track the source of their money. The criminal organizations have implemented money laundering in different countries to gain some benefits from it. . Part B Syarikat Wetwet Sdn Bhd is in the business of producing diapers for children and adults. Ahmad was employed as Managing Director of the company, and undertook not to compete with the business should he leave the company. This restriction was to apply for two years after his departure. In June 2010, Ahmad resigned from the company. He subsequently incorporated another company called Syarikat Ken Ching Sdn Bhd which also operated in the same area carrying out the manufacture of adult diapers. Ahmad was the executive director who officially held 20% of the share with the balance being held by his wife and nephews. Ahmad wished to evade liability by relying on the doctrine of separate legal entity when sued by Syarikat Wetwet Sdn Bhd. Advise Ahmad as to his chances of evading liability by using the doctrine of separate legal personality. ( 8 Marks ) According to doctrine of separate legal personality, the company and its members are two separated. This means that Ahmad and Syarikat Ken Ching Sendirian Berhad are distinct entities. Ahmad should follow company law when he establishes a company and registered the company to make it become legal company. By registering a company, it provides a corporate personality to the company. Corporate personality means that in the eyes of Law, the registered company is an independent person or entity which is separate from its members and controllers. The court would not lift the veil in order to find out who actually is liable on the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s debt. If the Syarikat Wetwet Sendirian Berhad (affected party) wants to sue Ahmad, Syariket Wetwet Sendirian Berhad cannot sues Ahmad because he owns a company but they can only sue Syarikat Ken Ching Berhad. Thus, Ahmad gets protection by law so he does not need to be responsible for it. One of the main benefits of incorporation is limited liability. Briefly explain the concept of limited liability. ( 2 Marks ) Limited liability is where a personà ¢Ã¢â€š ¬Ã¢â€ž ¢s financial is limited to the fixed sum, most commonly is the amount of the personà ¢Ã¢â€š ¬Ã¢â€ž ¢s investment in a company or partnership. For example, if a company with limited liability is being sued, then the plaintiffs will sue the company, not its owners or investors. Shareholders can participate in the growth of company, he or she is restricted to the amount of the investment in the company, even if it subsequently goes bankrupt and racks up millions or billions in liabilities. A shareholder in a limited company is not personally liable for any debts of the company, other than the value of their investment in the company. This usually happens when personà ¢Ã¢â€š ¬Ã¢â€ž ¢s dividends in the company being zero, since the company has no profit. This same for members of a limited liability partnership and the limited partners in a limited partnership. (c) Describe TWO circumstances when the benefit of limited liability is not available to a company. ( 4 Marks ) When the limited liability is not available to company, the company will become limited liability. Limited Liability Company has a few advantages. They can provide limited liability protection to their owners, who are not typically personally responsible for the business debts and liabilities of the Limited Liability Company. Creditors cannot ask the owners use personal assets such as house, cars and other assets of the owners to pay business debts. Besides that, there are pass-through taxation. Limited Liability Company typically does not need to pay taxes at the business level. Any tax level is paid based on individual level. Forming Limited Liability Company also can help to heighten credibility It can help a new business establish credibility with potential customers because they see you have made a formal commitment to your business. They also have limited management structure. It can be managed by the owners or by managers. (d) A private limited company had been formed in 2005 with two members, Chan and Dick. In January 2006, Chan sold his shares to Dick and left the company. Since then the company had been managed solely by Dick and continued to incur heavy debts. Can Dick be held personally liable for all or any part of the debts of the company? Explain. ( 6 M ) Dick will manage all parts of the debts of company since Chan left his company and sold his shares to Dick. This is because the company is registered under Dick only since Chan leaves his company. If Dick does not want to be responsible for its debts, he can have personality corporation. Thus, he will be separated from company for its liability. Company will take in charge with all its liability and its liability will become limited. Creditors cannot persuade owners to uses his own assets to pay for the debts.T he court will ask the company to responsible for it and owner will not have to pay for any debts which carried by its company.

Start An Exercise Program After Leading A Somewhat...

Have you ever decided to start an exercise program after leading a somewhat sedentary lifestyle? If so, you probably have experienced the feeling of lactic acid build up. Consider an individual with no prior exercise experience who decides to train for a 5k foot race. On the first bout of exercise, the person performs a simple walk/run combination for 20 minutes. At the onset of the walk/run, the body does well; breathing is deep, effort is easy and pace is consistent. However, 5 minutes into the walk/run session, the individual perceives a noticeable difference in breathing, which has become shallow and fast paced. Five more minutes pass and subject is now quite winded and tenderness can be felt in the calf and lower back muscles. As the person continues to complete the 20 minute session, breathing becomes extremely labored and the exercise pace has slowed to a complete walk. Since the subject had no prior experience with exercise, the exertion level was likely higher than t he energy production and oxygen transportation within the body. At the time the person noticed labored breathing and muscle aches, the body was providing feedback to functioning in oxygen deficit, also commonly referred to as lactic acid build up or delayed onset muscle soreness (DOMS.) DOMS is a more commonly used term because after exercise there is a delay anywhere from a few hours to a few days of soreness in the exercised muscles. Lactic acid build up occurs most often in untrainedShow MoreRelatedHealth: Heart Disease Essay example1398 Words   |  6 PagesHow much does my heart rate change after running in place for 10 minutes? Introduction The leading cause of death in the US is heart disease and the fourth leading cause of death in the US is stroke. Both are related to the heart. Both can be prevented (or at least somewhat alleviated) by engaging in exercise. Among the other leading causes of death is diabetes, which is related to being obese (and therefore sedentary). Exercise can reduce the chance of becoming diabetic and is also importantRead MoreNew Rochelle City Of New York City3398 Words   |  14 Pagesattractions. Although the majority of the population is within the ages of 45 to 49, the New Rochelle community accommodates to more of the high school and college crowd populations. Background History of New Rochelle New Rochelle is a city in recovery; after going through a time of collapse throughout the 1980s, it has been putting life back into its downtown and waterfront territories with a goal to enhance the quality of life for current and future residents. In an area packed with Native American, BritishRead MoreExercise Referral Foundation Course Assessment 2: Case Study Report13144 Words   |  53 PagesDavy Hulme 14 – 18th September 2009 Lecturer: Gavin Loze Exercise Referral Foundation Course Assessment 2: Case Study Report 1. 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Perhaps the lower extremities were somewhat delicate, resembling the female, and were covered with hair... The  penis  was curved posteriorly and measured 6 cm, or with stretching, 10 cm. The  corona  was 3 cm long and 8 cm in circumference. There was an ample  prepuce. There was a first grade  hypospadias... There were two folds of skin coming from the top of the penis and encircling it on either side. These were somewhat loose and resembled  labia majora.† De Crecchio then describedRead MoreCase Study Essay33967 Words   |  136 Pagesbig as tree trunks.† After further questioning, you learn she is strictly following the fluid and salt restriction ordered during her last hospital admission. She reports gaining 1 to 2 pounds every day since her discharge. 1. What error in teaching most likely occurred when M.G. was discharged 10 days ago? A breakdown of successful communication occurred regarding when to call with early weight gain. 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With the goal of ensuring that all preschools in California offer highquality programs, the California Department of Education collaborated with leading early childhood educators, researchers, advocates, and parents to develop Volume 2 of the preschool learning foundations. The foundations outline key knowl ­ edgeRead MoreDeveloping Management Skills404131 Words   |  1617 PagesData Whetten, David A. (David Allred) Developing management skills /David A. Whetten, Kim S. Cameron.—8th ed. p. cm. Includes bibliographical references and index. ISBN 978-0-13-612100-8 1. Management—-Study and teaching. 2. Management—Problems, exercises, etc. Kim S. II. Title. HD30.4.W46 2011 658.40071 173—dc22 I. Cameron, 2009040522 10 9 8 7 6 5 4 3 2 ISBN 10: 0-13-612100-4 ISBN 13: 978-0-13-612100-8 B R I E F TA B L E O F C O N T E N T S Preface xvii Introduction 1 PART I Read MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesWorkplace Bullying Are Men Attacking Women† 12 An Ethical Choice Can You Learn from Failure? 24 glOBalization! Does National Culture Affect Organizational Practices? 30 Point/Counterpoint Lost in Translation? 31 Questions for Review 32 Experiential Exercise Workforce Diversity 32 Ethical Dilemma Jekyll and Hyde 33 Case Incident 1 â€Å"Lessons for ‘Undercover’ Bosses† 34 Case Incident 2 Era of the Disposable Worker? 35 vii viii CONTENTS 2 2 The Individual Diversity in Organizations 39

Essay Personal Interest - 2378 Words

Personal Interest I have been interested in the study of shy children and their inability to actively participate in a classroom environment since my youngest daughter, who is extremely shy, started kindergarten. I saw the difficulty that she faced in class because of her shyness and I became frustrated because I knew that her lack of self-confidence was affecting her ability to excel in school. Fortunately, we were able to work with her teachers and help her develop the self-confidence to eventually become an excellent student who is an active participant in her class. Because of my experience as a parent, I am very aware of the potential to overlook or mislabel shy students and have found myself†¦show more content†¦When called on in front of the class to answer a question, she would blush and stammer out an answer which often was incorrect. However, when she was questioned privately by the teacher, she was able to answer the same question correctly. During group activities, this student would be observed sitting on the edge of the group not participating. She had a great deal of difficulty talking in large groups; however, she was able to participate when working in a small group or with another student. She was well liked by her classmates and had many friends in the class. However, her shyness was having an adverse affect on her performance in the classroom. I felt that she was a good candidate to work with because she had noted several times to the teacher that it made her â€Å"nervous† to talk in front of t he class. For the purposes of this paper, she will be referred to as â€Å"Molly†. Literature Review There is a good deal of research written about children and shyness but the majority of it is geared towards parents. After much searching, I was able to find literature that linked shyness and education. All of my research comes from a variety of articles that I found on the internet. In the article, â€Å"Helping Young Children OvercomeShow MoreRelatedPersonal Interest1437 Words   |  6 PagesThe personal interest is an attitude which consists in pulling the best party of circumstances by compromising if need with the ethics principles and by acting only in his own interest to the detriment of others. Any action results from a motivation. If we harm others, it is from a motivation; and if we help others, it is also from a motivation. We say of an honest and ethical person that she is made lose interest whereas a interested† person is considered as deceitful and selfish. NeverthelessRead MorePersonal Views On Personal Interests1259 Words   |  6 PagesThe th ought of incorporating personal interests in traditional academic studies is certain to conjure images of an exciting and creative learning environment. These images can leave individuals with a different perception of what true academic structure may be. For American author Gerald Graff, re-developing traditional academic courses to attract personal learning styles is the best way to gain the interest of students and increase their ability to retain knowledge. In contrast, traditional educatorsRead MorePersonal Note On Personal Interest1863 Words   |  8 PagesApplication Essays: 1. Describe your interest in participating in Bike and Build. What is it about this opportunity that most excites you? What qualities will you bring to your team? What do you hope to get out of this experience? How do you envision this experience affecting your future? Some people are great at sports, some people are great at music; I am an amateur at that. I am a great volunteer. One of my favorite concepts in Judaism is â€Å"Tikkun Olam,† or â€Å"Repair the World.† In HebrewRead MorePersonal Interest Project2043 Words   |  9 Pagesinvestigated are the continuities or changes to social interaction between individuals, as well as the socialisation process and any variances to the process that may surface due to gender (my cross cultural element). This topic was developed from a genuine interest in the enculturation of individuals into contemporary Western society, and how this may differ negatively compared to more traditional methods of socialising with others, apparent in the previous pre-Facebook generations. To compliment my secondaryRead MorePersonal Statement On Entrepreneurial Interest1660 Words   |  7 Pages12-1a Entrepreneurial Interest My scores for this quiz were: yes-5, rarely-3, mostly-3, and no-5. I have never thought about starting my own business before, because I don’t know what I would start a business in. My significant other however, has mentioned wanting to start a body shop. So, as I completed this survey I thought more about him and how he should be the one to take this. I personally don’t think that I have the attitude, lifestyle, or behavioral patterns to be consistent with a successfulRead MoreRelationship Between Professional And Personal Interests Essay1303 Words   |  6 PagesA conflict of interest is a difficult situation where decisions on a problem are faced with the issues of choosing between professional and personal interests for a person. In this assignment, I am faced with having to decide on what I should do regarding my relationship with another company after just being hired on to a construction company. When asked certain questions, I had some difficulty in deciding because of the possible outcome and people that are involved in my decision. For each of myRead MoreBackground And Personal Interest Of Occupational Therapy1348 Words   |  6 PagesEduardo Mendoza Pierce - 4 ERWC 24 November 2014 Introduction/Background and Personal Interest I’ve been interested in occupational therapy for a while now because of the fact that you are given the chance of helping others recover how to live. Also, but not the main reason why I am interested, OT’s make a decent living. Occupational therapy has been around since the 1900’s. It has made multiple changes to it’s principles for the benefit of others, and it’s own prestige. â€Å"The ‘Quality of life†Read MorePersonal Experience: My Interest in Tigres855 Words   |  3 PagesMy interest in tigers started when I was a young child. As a child, my favorite movie was â€Å"Winnie the Pooh.† My favorite character, Tigger, is a confident tiger who thinks highly of himself. He is extremely energetic, constantly bouncing on his tail. He acts quickly without thinking sometimes, risking his life. As a matter of fact, for my first, second, and third birthdays my parents bought me a Winnie the Pooh theme cake. I wasn’t aware th at several species of tigers were endangered until I startedRead MorePersonal Journal: My Musical Interests917 Words   |  4 PagesThe music in my Wordle reflects well the type of music I like as I think they show my varied interests. I don’t really listen to any local music which is sometimes something of a regret. While I was attending a wedding there was an amazing jazz singer there. I thought her music was just outstanding. But I forgot to get her name and now I can’t find any music by her. Another time I was at a restaurant and there was a great Jazz band there. But again I forgot to get any names and when I thoughtRead MoreChildren s Own Personal Interests2393 Words   |  10 PagesFurthermore, they are able to start exploring their own personal interests, and learn decision making, when being exposed to a variety of resources. This, in turn, gives the adult great insight into the child’s developing personality, learning their likes, dislikes and other personal interests. Story-telling and other forms of dramatic play not only help develop a child’s social skills, but also their emotional ones. It is common for young children to often act out circumstances that they may have

Diversity Is The Human Race - 886 Words

DIVERSITY PAPER Gay. Straight. Black. White. Male. Female. Wealthy. Poor. Modern society has systematically sorted the human race into collections and communities of descriptive factors. Deeply embedded within a systematical labeling system, diversity has fell victim to the harmful segregation and prejudice of the past. Diversity is not about the inferior nor the morally corrupt. Diversity is not the hallow substance of labels. Diversity is culture, pride, and heritage. To rural South Dakotans, diversity amongst the human race is rare. In the agricultural state I call home, variation lies not in the people but rather in the contrasting species of livestock and corn. Hailing from a town population of 3,025, any kind of knowledge about a social world beyond Hartford, South Dakota was limited. I set up my childhood moral system on a tainted blend of inaccurate perceptions and assumptions. A moral system which would ring true until I found myself as the diversity. I am my own diversity. I am the collection of the variant and the assortment of different. I am gay. To answer any impending questions which may be surrounding one’s head at the current time, just lean towards the answer no. While some individuals may be born with the innate sense of who they are, I was not. Unfortunately, my sense of childhood identity came not from deep self-reflection and soul searching, but rather a combination of my restricted experiences and limited knowledge of the social world. I was notShow MoreRelatedBeyond Race : Human Biological Diversity2476 Words   |  10 PagesTerm Paper: Beyond Race: Human Biological Diversity This investigation is an exploration into the Kotch and Chernofsky family history. In which the cultural and historical background of each ancestry will be examined. Additionally, this investigation will also examine the paternal genetic lineage of the Kotch Family. In which the genomic haplogroup will be expressed through ancestral analysis and migration patterns. The Mother of Ariel Kotch was born in 1967 in Queen NY, her name is Eva ChernofskyRead MoreRacial Discrimination : The World Has More Than 6 Billion People With A Diversity Of Human Races808 Words   |  4 PagesDiscrimination in the workplace The world has more than 6 billion people with a diversity of human races and colors. Even Though, by means of nature, people used to see each other as white, black, Hispanic, Asian, American, African, etc. As humans spread throughout the globe, they adapted to one of a kind dwelling conditions while genetic mutations introduced precise traits to the people. Likewise, the concept of race, a group of people with genetic and physical features that different from anotherRead MoreDiversity At A Young Age920 Words   |  4 PagesDiversity is a very common word used in today s society. There is a lot of different categories of diversity that a person can fall under. Diversity can be defined by different races, ethnicity, socioeconomics, disabilities, giftedness, gender, sexual orientation, and many more. A human being can fall under one of these categories or even more than one. In the world around us, everybody is different in their own way. Diversity plays a huge part in breaking certain people in different categoriesRead MoreRacial Diversity: A Strategy Toward Success Essay1090 Words   |  5 PagesRacial diversity is the idea of having people of different backgrounds working together for one common foundation. While some may believe that racial diversity is a way to discriminate people but I think that racial diversity helps us in many ways, some are observable and some are imperceptible. I think that racial diversity is a good strategy, it also is a great way to learn about people of diverse cultures and how their principles can operate within one another. The most commonly ignored or unnoticedRead MoreThe Challenges Of Human Resource Management872 Words   |  4 Pagesimpact on human resource management. One of the greatest challenges that human resource management faces in terms of workplace globalization is workplace diversity. Diversity is the condition of having or being composed of differing elements : VARIETY; especially : the inclusion of differen t types of people (as people of different races or cultures) in a group or organization programs intended to promote diversity in schools.( http://www.merriam-webster.com/dictionary/diversity) Human ResourceRead MoreAffirmative Action : Discrimination And Discrimination910 Words   |  4 Pagesincluding race, color, national origin, gender, age, disability, religion and veteran status. Diversity can be defined in many ways, including diversity of thought, experiences, and backgrounds. Together, all three can contribute to a more welcoming. Affirmative action helps create a level playing field that gives everyone an equal opportunity to compete for a job and career. It ensures that no person is disadvantaged or treated unfairly during the hiring process because of their race, ethnicityRead MoreChampion equality, diversity and inclusion1712 Words   |  7 PagesChampion equality, diversity and inclusion          1.1 Explain the models of practice that underpin equality, diversity and inclusion in own area of responsibility. Equality is to treat all as individuals; to respect race, disability, age, gender, religion, beliefs ,culture and sexual orientation. For all to be open to opportunities, to be treated fairly and respectfully, have rights and equal status in society and for all to reach their full potential. Diversity is to value that we are all uniqueRead MoreRacism Racism1172 Words   |  5 Pagesâ€Å"Racism is real, race is not,† the author Adam Hochman argues that while racism is a very real and terrible system within our global society, the concept of race is not real and cannot be proven as such either biologically or socially speaking. Hochman states that though racism has emerged from the categorization of populations based upon physical attributes, race itself does not truly exist. Furthermore, he purports that race has no biological foundation; though most people believe race is biologicalRead MoreDiversity And Diversity Of Diversity923 Words   |  4 PagesDiversity is engagement across racial and ethnic lines consist of a broad and varied set of activities and initiative (Milem, Chang, and Antonio 2005). Diversity is about recognizing that each individual is unique and have differences. These differences include the dimensions of race, ethnicity, gender, sexual orientation, socio-economic status, age, physical abilities, religious beliefs, political beliefs or other ideologies. Diversity is meant to bring respect, understanding, and tolerance, acceptingRead MoreDiversity Within The Workplace : A Broad Definition Of Diversity855 Words   |  4 PagesToday’s organizations are being forced to embrace the relevancy of diversity in the growth of global positioning. The management of diversity has become time-sensitive in organizations and cannot focus on productivity alone. The treatment of employees and the business model of the organization will need to be the spotlight. â€Å"A broad definition of diversity ranges from personality and work style to all of the visible dimensions such as race, age, ethnicity or gender, to secondary influences such as religion

Capital Budgeting Techniques Like Net Present Value

Introduction The following paper analyzes a project from financial perspectives using the capital budgeting techniques like Net Present Value (NPV) and Internal Rate of Return (IRR). Background My dad has a textile business, involved in embroidery and painting of the fabric. I have been visiting my dad’s office complex and observing the whole process of clothes manufacture. The most important asset for the business is a large machine required for whole painting process. The existing machine with the business is in use from past 4 years and has to be discarded due to some operational issues. As a student of finance, I will analyze the option of replacing this machine with a new one. In analyzing various options from where to purchase the machine, I searched for various dealers, and compared the products with the prices they offered. I narrowed down the choice to one machine provided by Stihl Machinery Co., Ltd. But then dad’s financial manager, Mr. David Jones, asked me to reconsider the option. He suggested that the existing machine can still run for another 5 years and the new machine is also expected to work for just five years. Also, the price of the new ma chine is quite high so it is better to continue using the same old machine. On this argument, I decided to do a detailed analysis of the option to replace the old machine. Only after the financial analysis, I will decide and suggest whether to buy the new machine or not. Analysis and results The financial manager didShow MoreRelatedFin 571 Week 41710 Words   |  7 Pagesgood for them and can provide competitive advantage to the store. It has been clear that managers are responsible for the use of capital budgeting techniques to find out exclusive project. We have different types of capital budgeting techniques. These capital budgeting techniques are: 1-Simple Payback, and/or Discounted Payback 2-Net Present Value (NPV) 3-Internal Rate Of Return (IRR) The simple payback period: â€Å"We can define the simple payback period as theRead MoreCapital Budgeting Strategies841 Words   |  4 PagesCapital Budgeting Strategies University of Phoenix Strategic Financial Management FIN 486 Capital Budgeting Strategies Week Four of Strategic Financial Management discusses the chosen provided information for the proposal that concerns building a new factory and includes the incremental cash flows needed for the net present value, (NPV) analysis. The incremental cash flows identifies sales of $3 million a year that equals an increase in gross margin of $150,000 given a 5% gross margin andRead MoreCapital Budget Recommendation: Guillermo Furniture1001 Words   |  5 PagesCapital Budget Recommendation: Guillermo Furniture ACC/543 Monday October 8, 2009 YouKnew Abstract Guillermo Navallez is the owner of a successful furniture and manufacturing company located in Sonora, Mexico. Navallez’s establishment is known for its quality pieces, crafting a variety of chairs and tables from the abundant supply of timber in the area. In the late 1990’s, Navallez competitors became a real threat to the ongoing success of Guillermo’s Furniture and Manufacturing CompanyRead MoreVarious techniques of capital budgeting1202 Words   |  5 Pagesï » ¿The Management Subject: Various techniques of capital budgeting Capital budgeting is the process in which the company plans whether to purchase or do investment in certain projects or long term assets such as new machinery, equipment, new products, research and development etc. There are many techniques which can be use make decision more easy and reliable. For all of these techniques company need the incremental cash flows which will be generate from the investment or the project. Then theseRead MoreUniform Annual Equivalent (Uae) - a Capital Budgeting Method.971 Words   |  4 Pages- A Capital Budgeting Method. (The evaluation of two mutually exclusive projects with varying lives requires careful examination of the existence of the reinvestment opportunities at the end of the different economic lives of the projects. The current article deals with a method that may be adopted in situations wherein the level of investments, the life of the projects and cash inflows (or outflows) are unequal.) Risk is inherent in almost every business decisions. Capital budgeting beingRead MoreSuper Project1477 Words   |  6 PagesThe Super Project The Super Project case mainly deals with the efficiency of project tool analysis in capital budgeting process. The three techniques that General Foods management used to determine whether Super Project was a worthwhile project were: †¢ Incremental basis †¢ Facilities-used basis †¢ Fully allocated facilities and costs basis The three techniques mentioned above will be discussed in more details in question 4 below. Questions: 1. What are the relevant cash flows for General FoodsRead MoreThe Factors Affecting Capital Budgeting7350 Words   |  29 PagesAbstract Capital budgeting is necessary for large, long term investment projects. However, determining what factors to use in the process can be difficult This research presents the most common procedures used in the capital budgeting process. It provides examples and discusses quantitative as well as qualitative factors in determining which projects to choose. Capital Budgeting Capital budgeting is a process used to determine whether long-term investments, such as capital improvements, researchRead MoreBudgeting and Forecasting 278 Midterm 20141600 Words   |  7 Pagesï » ¿Budgeting and Forecasting 278 Midterm 2014 (TCO 1) The type of budget that is updated on a regular basis is known as a  _____.    Student Answer:   continuous budget      revised budget      updated budget      flexible budget TCO 2) The quantitative forecasting method that uses actual sales from recent time periods to predict future sales, assuming each period has equal influence on the prediction of future sales, is the  _____.    Student Answer:   moving average model      weighted moving averageRead MoreManagerial Economics in Coca Cola1185 Words   |  5 Pagescopital budgeting, which may be defined as decision making process by which organization evaluate the projects that include the purchase of major fixed assets such as machinary , building, and equipments. So there are two main catagories of selection of project, 1-Financial model 2-Non- financila model FINANCIAL METHODS: In financial maethod we determine the capital budget of the project. In capital budgeting following techniques are used, 1-Pay back period 2-Net present value 3-InternalRead MoreInternational Project Management1700 Words   |  7 Pagesagency role, project managers must ensure that the project is structured in such a way that it adds value to the company by delivering a positive return to the shareholders (Mahaney Lederer, 2003). This paper will outline some of the most important financial considerations that project managers should be aware of, and apply this knowledge real work project management practice. Budgeting The budgeting process is one of the most important for any project. The budget is critical to the projects internal

Online Banking Industry In Australia Students †MyAssignmenthelp.com

Question: Discuss about the Online Banking Industry In Australia. Answer: Introduction Online banking industry in Australia is experiencing significant growth rate in the recent years. Especially, during the last few years, the business growth and the number of users of online banking companies have increased notably. Most importantly, the federal government of Australia has taken a strong initiative to go cashless in the money transaction process. Therefore, the federal government of Australia is trying to create a strong awareness among the common public regarding the use of online banking applications. The government is trying to go cashless within the year 2025. Therefore, the government is motivating the public and private banks across Australia to offer the online banking services to the common Australians. After this initiative, it has been identified that the percentage of the users of the online banking services has increased by 58 percent recently. This can be regarded as an impressive number. Prominent security, easy accessibility and user friendly approache s are the major reasons behind the selection of the online banking services by the users. This is also essential to state that the organizations within the Australian banking industry has significantly applied unique marketing, promotion and other differentiated strategies to make the online banking operation process successful. Aims and Objectives The major aim of this research work is to analyze and evaluate the growth of the e-banking industry in Australia. Moreover, the research paper will also analyze the impact of the growth of the Australian E-banking industry on the Australian economy. This particular research work will try to meet the developed objectives as follows: To analyze and evaluate the major reasons behind the impressive growth of the online banking industry. To analyze and evaluate the scope and future of the Australian online baking. To determine the impact of the performance of the online banking on the economic condition of Australia. Research Questions The researcher will address the developed research questions as follows: What are the major reasons behind the impressive growth of the online banking industry? What is the scope and future of the Australian online baking? What is the impact of the performance of the online banking on the economic condition of Australia? Literature Review It is already introduced that the Federal government of Australia is taking some notable initiatives to go cashless by the year 2025. This is acceptable that government of Australia is strongly focusing on the effective awareness programs in order to motivate the people to acknowledge and use the online banking option (Lubua, 2014). The organizations within the Australian banking industry are highly motivated by the government to offer online and e-banking services. Most importantly, this is also acceptable that the majority of the developing countries are also focusing on the online banking and cashless services to attain strong economic growth. In addition, this is also acceptable that the Australian federal government is being relied on the cashless money transaction services basis on the growing demand (Lunenberg, 2011). Reasons for Using Internet Banking There are several reasons behind the growth in the percentage of the users of the online banking services. First of all, the simplified and easy banking services introduced by the e-banking can be regarded as the major reason behind the growth in the percentage of the users. An users can easily transfer money to the bank account of others through the consideration of the e-banking services quite comfortably (Mishra et al., 2013). It is an effortless and time effective activity. In addition, the common individuals also can buy products through the online transaction and e-banking. In this process, the users do not require to use the debit or credit cards. In the business transaction process, e-banking platforms also have become an important medium. This is acceptable that the online transaction platforms are significantly used by the organizations in the B2B transaction process (Nair, 2014). In addition, this is also acceptable that the human resource managers of several organizations used to pay their salaries through the online transaction process in which the e-banking activities are being utilized (Oleary et al., 2011). Carrying liquid cash also has become a major problem for the common individuals as there is threat for the theft of money. Therefore, the consideration of the online money transaction process can be considered as a safe payment option. Apart from it, the users can send and receive funds at any point of time at any place (Savery, 2015). This is also can be considered as an important reason behind the use of the online banking services. It is also essential to state that the transfer of fund in the foreign markets has become easier and cost effective as well as time effective through the consideration of the online banking services. This is acceptable that the consideration of these particular services can improve the efficiency in the fund transfer activities in the foreign countries (Stahl et al., 2016). In the money transfer process, the higher efficiency in the cash flow is highly important. The time and cost efficiency in the online banking and e-banking money transfer activities can enhance speed and efficiency in the cash flow process, which is important for any kind of banking service (Singh and Hardaker, 2014). However, these are considered to be the major reasons behind the growth in the number of the users of online banking activities. E-Banking Services through Bank Websites It is acceptable that all the organizations within the Australian banking industry have focused on the offering of two important types of internet banking services. First of all, it can be stated that the organizational management of a bank used to offer the internet banking services through the physical bank system (Schmidt, 2015). On the other hand, this is also important to state that the banking organizations in Australia used to offer the e-banking services (Trkman, 2010). The e-banking services can be offered by the management of the organizations without any presence of the physical evidence of the banks. Most importantly, the websites of the banks used to offer efficient and customer friendly online banking services. This online banking service is comprised of four important basic factors, such as quick accessibility, speed, facilities and provident content. Hence, it is clear enough to accept that the organization within the Australian banking industry needs to adopt some im portant ways in the website development processes (Welch, 2012). The Australian banks are considering two important factors in the website development process. Majority of the Australian banks are focused on the development of the transactional website and information based website. The consideration of the transactional website used to focus on the transaction of money. On the other hand, this is also essential to state that the users and the target customers can get to know about the information about the e-banking services through the informational website (West et al., 2010). Security and Possible Risks for Online Transaction Apart from several advantages and benefits, this is acceptable that the online banking services can have different types of disadvantages, which can create ethical challenges. It has become an usual concern that the transactional websites of different banks are getting affected and controlled by different hackers across the globe (Bock, 2015). Hence, privacy and security related concerns can be considered as the major concerns for the banks (Doumps Zopounidis, 2010). Hacking of personal information, account information and data of the users can create several ethical challenges. First of all, the organizations can lose support from the important organizational stakeholders (Williams, 2012). Secondly, the organizations can face different types of challenges, such as loss of customers and poor business growth can affect the sustainability (Bossidy, 2008). In addition, this is also essential to accept that the contemporary firms can face different types of challenges regarding the failure of the technical or technological applications in the business operation process (Cheng et al., 2014). This is acceptable that the consideration of the lack of regularity in the reviewing and evaluating the technological applications can affect the efficiency. Overall, these are the major challenges and the risk factors (Hajdini, 2010). Drivers of Change and Future Scopes This is acceptable that the online banking services have become more common activity and affordable option for the common Australians. This is also acceptable that the Government of Australia is motivating the organizations within the Australian banking industry to focus on the digital and cashless transaction approaches. It is an important aspect to state that the majority of the organizations within the Australian banking industry are trying to offer differentiated and quality online banking services to the target customers basis on the ongoing demand (Guoli et al., 2017). In terms if the demand can be considered as the major driver for the change. In addition, efficiency and advancement in the online payment services, online networks, internet services and online devices can be considered as the major drivers of change (Ng and Rezaee, 2015). In terms of the future prospect, this is acceptable that the organization within the Australian banking industry needs to go for the better business growth through the continuation with the differentiated internet and e-banking activities (Klettner et al., 2014). Most importantly, the government is focusing on becoming cashless economy by the year 2025. Hence, the future prospect of the online e-banking services and activities are quite high (Mats Anderson, 2016). Research Plan and Methodology Research plan and methodology is considered to be the most vital part in a research work. It is acceptable that the researchers can adopt either the qualitative research methodology or the quantitative research methodology. The researchers used to select a particular methodological approach basis on the needs and characteristics of a research work. Qualitative research method focuses on the behavior, feelings, perception, thought process and emotion of the respondents. Quantitative research methodology depends upon the analysis of numerical figures through the application of statistical formulae and units. However, the researcher will select the qualitative research methodology in this research work basis on the exploratory nature of the research work. Research Approach In terms of research approach, the researcher will provide significant importance to the data collection process. There is a possibility of the application of either secondary data collection process or the primary data collection process. Secondary data collection process generally involves the collection of enormous number of required information and data from the valuable data sources. Primary data collection process generally involves in the collection of live and fresh data through field work. The researcher will adopt both the primary and secondary data collection process in this research work focusing on the advantages. Academic text books and journals will be considered as the secondary data collection sources. On the other hand, the open ended semi-structure interview process will be considered for the primary data collection process. Sampling Technique and Approaches In this research work, the researcher has adopted the simple random sampling approach. Most importantly, the researcher has approached to 50 bank employees regarding the interview questionnaire process. Among the 50 individuals, 40 individuals have stated that they are agreed to give response to the questionnaire. Hence, the sample size for this research work is 40. Data Analysis and Findings The researcher has asked five different questions based on the developed research objective and research question. In terms of first interview question, it has been identified from the responses that the 27 respondents out of the 40 respondents have replied that time efficiency is the major reason behind the growth of the online banking services across Australia. On the other hand, rests of the 13 respondents have replied that user friendly characteristics and features have motivated the customers of the bank to use the online banking services. In terms of the second interview question, it has been identified that 32 respondents have stated that the motivation by government is the major reason behind the growth of the e-banking services. On the other hand, 8 respondents have stated that the growing demand and popularity can be regarded as the major reason behind the growth of the e-banking service. In terms of the third question, it has been identified that the 35 individuals have accepted that the federal government of Australia will be successful in making Australia a cashless economy by the year 2025. However, rest of the five respondents has stated that it is difficult for the federal government of Australia to make the country 100 percent cashless economy. In terms of the fourth question, it has been identified that 23 respondents out of the 40 respondents have stated that the effective marketing and promotional activities are required for the banking organizations in Australia to promote the online banking services. It is also acceptable that the rest of the 17 individuals have stated that the there are other important programs and activities, which can improve the growth of the online banking activities. In terms of the last question, this can be stated that 36 individuals have stated that the growth of the online banking services will have a strong impact on the economic growth of the country. On the other hand, 4 individuals have stated that the growth in the online banking management approaches will not have a strong impact on the economic condition of Australia. Discussion It is already clear from the analysis that the majority of the respondents have shown their support for the effectiveness of the online banking services. This is acceptable that time efficiency approach is the major reason behind the growing acceptance of the online banking services by the customers. Similarly, the majority of the respondents have offered their responses by supporting the motivation and brand awareness approaches by government. In addition, this is also acceptable that majority of the respondents generally think that Australia has the capability to become a developed cashless economy by the year 2025. According to the respondents, the company management needs to consider strong awareness programs as it will ensure positive growth and brand image of the banks providing the online services. In the last few years the business growth and number of users of the online banking companies have increased notably. Most importantly, the federal government of Australia has taken a strong initiative to go cashless in the money transaction process. Therefore, the federal government of Australia is trying to create a strong awareness among the common public regarding the use of online banking applications. The government is trying to go cashless within the year 2025. Therefore, it is clear that the government motivation is a big success factor for the organizations within the Australian banking industry to offer the differentiated and quality online banking services. The e-banking services can be offered by the management of the organizations without any presence of the physical evidence of the banks. The higher efficiency in the cash flow is highly important. The time and cost efficiency in the online banking and e-banking money transfer activities can enhance speed and efficiency in the cash flow process, which is important for any kind of banking service. Hence, it is acceptable that the consideration of the effective time and cost efficiency are the major reasons behind this particular growth. Human resource managers of several organizations used to pay their salaries through the online transaction process in which the e-banking activities are being utilized. The simplified and easy banking services introduced by the e-banking can be regarded as the major reason behind the growth in the percentage of the users. A user can easily transfer money to the bank account of others through the consideration of the e-banking services quite comfortably. Hence, it can be stated that user friendly approaches are considered to be the major reasons behind the growth. There are several challenges of online banking activities, such as hacking of personal information, account information and data of the users can create several ethical challenges. First of all, the organizations can lose support from the important organizational stakeholders. Secondly, the organizations can face different types of challenges, such as loss of customers and poor business growth can affect the sustainability. The federal government needs to improve these particular approaches for better sustainability. Conclusion and Recommendations Australia has taken a strong initiative to go cashless in the money transaction process. Therefore, the federal government of Australia is trying to create a strong awareness among the common public regarding the use of online banking applications. The government of Australia is trying to go cashless within the year 2025. User friendly approaches are considered to be the major reasons behind the growth of the online banking services. Moreover, the consideration of effective time and cost efficiency are the major reasons behind this particular growth of the online banking approaches. There are several challenges of online banking activities, such as hacking of personal information, account information and data of the users can create several ethical challenges. First of all, the organizations can face different types of challenges, such as loss of customers and poor business growth can affect the sustainability. Secondly, the organizations can lose support from the important organizat ional stakeholders. Thbe following recommendation plans will assist to overcome the challenges. First of all, effective awareness program needs to be considered by the government and banking authority collaboratively. In addition, this is also acceptable that the consideration of the effective public relationship program will help the country to become a cashless economy. Lastly, this is also important for the banking authorities to tighten the security option. The inclusion of the strong and safe technological devices along with effective as well as advanced information communication technological devices will assist in effective and secure online banking services. References Bock, L. (2015). Work Rules. New York: Springer. Bossidy, L. (2008). Execution. New Jersey: John Wiley Sons. Cheng, B., Ioannou, I. and Serafeim, G., 2014. Corporate social responsibility and access to finance. Strategic Management Journal, 35(1), pp.1-23. Doumpos, M., Zopounidis, C. (2010). A multicriteria decision support system for bank rating.Decision Support Systems,50(1), 55-63. Guoli, C., Heli, W., Shan, Z., Woodward Ian, C., Pisitta, V., Ilia, T., Alfred, M. and Marco, S., 2017. Search form. Review of Financial Studies. Hajdini, I. (2010). Innovation Management. New Jersey: Pearson. Klettner, A., Clarke, T. and Boersma, M., 2014. The governance of corporate sustainability: Empirical insights into the development, leadership and implementation of responsible business strategy. Journal of Business Ethics, 122(1), pp.145-165. Lubua, W. E. (2014). Cyber Crimes Incidents in Financial Institutions of Tanzania. International Journal of Computer Science and Business Informatics, 14(3), pp. 37-47. Lunenburg, F. (2011). Decision making in organizations. International journal of management, business, and administration, 15(1), pp. 1-9. Mats Andersson, A.P., Bolton, P., Herz, B., Rogers, J., Accounting, S., Eccles, R.G. and Youmans, T., 2016. APPLIED CORPORATE FINANCE. Journal of Applied Corporate Finance, 28(2), p.47. Mishra, P., Fahnoe, C. and Henriksen, D. (2013). Creativity, self-directed learning and the architecture of technology rich environments. TechTrends, 57(1), p. 10. Ng, C. A., and Rezaee, Z., 2015. Business Sustainability Performance and Cost of Equality Capital. Journal of Corporate Finance, 34(1), pp. 128-149.Nair, U. (2014). Channeling Contemporary Ethical Practices. International Journal, 2(6), pp. 767-776. O'leary, M., Mortensen, M. and Woolley, A. (2011). Multiple team membership: A theoretical model of its effects on productivity and learning for individuals and teams in Ethics .Academy of Management Review, 36(3), pp. 461-478. Savery, J. (2015). Overview of problem-based learning: Definitions and distinctions. Essential readings in problem-based learning: Exploring and extending the legacy of Howard S. Barrows, 24(10), pp. 5-15. Schmidt, E. (2015). How Firms Work. Stamford: Cengage Learning. Singh, G. and Hardaker, G. (2014). Barriers and enablers to adoption and diffusion: A systematic review of the literaturea need for an integrative approach. International journal of information management, 56(2/3), pp. 105-121. Stahl, C. B., Timmermans, J., Flick, C. (2016). Ethics of Emerging Information and Communication Technologies: On the Implementation of Responsible Research and Innovation. Science and Public Policy, 44(3), pp. 369-381. Trkman, P. (2010). The critical success factors of business process management. International journal of information management, 30(2), pp. 125-134. Welch, M. (2012). Appropriateness and acceptability: Ethical perspectives of Business communication.. Public Relations Review, 38(2), pp. 246-254. West, D., Grant, T., Gerush, M. and Dsilva, D. (2010). Agile development: Mainstream adoption has changed agility. Forrester Research, 2(1), p. 41. Williams, C. (2012). Management. New York: McGraw-Hill.

Modernisation of Trade Regulations and Policy

Question: Discuss about the Modernisation of Trade Regulations and Policy. Answer: Introduction The objective of this study is to analyse the historical development and controlling power of Organisation of the Petroleum Exporting countries (OPEC) in oil supply. OPEC is the cartel of major oil producing countries such as Saudi Arabia, United Arab Emirates, Algeria, Angola, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar and Venezuela. They act as a monopolist in the global oil market (Colgan, 2014). However, appearance of USA as a supplier of petroleum oil in the global market has reduced the monopoly power of OPEC significantly. This essay critically analyses rise and fall of OPEC power and market share over the years. History of the development of OPEC OPEC was founded during 1961 by five oil producing developing countries. Due to having monopoly power in the oil market, OPEC has the power to control oil price by altering supply of petroleum oil in the global market. Kilian Murphy (2014) mentioned that, in recent fall of crude oil price in global market, OPEC has important role. Emergence of other oil suppliers in the market has reduced the monopoly power of OPEC in the oil market. Hence, weakness of OPEC to control supply and demand factors made it behaving differently that what market expected. Saudi Arabia is an important member of OPEC. In the view of DiChristopher (2016), Saudi Arabia has significant share in oil supply in world market. In the face of falling price of oil in the world market, Saudi Arabia refused to reduce the supply of oil and manipulating the price. Acquiring power compared to other OPEC members was the main motive as viewed by the market analysts. The argument of Saudi Arabia was that it would not bear the burden of oil production cut alone, when the members are not ready to production cut. The rationale behind this decision is that production cut may increase the oil price and Saudi Arabia may lose the market share (Goldwyn, 2015). As stated by Mirchi et al. (2012), OPEC members played no significant role production or pricing of crude oil since oil discovery on Middle East. After formation of OPEC, most of the global oil demand was met by OPEC. With the increase in market power, the six Gulf members announced an increase in light crude oil price from $3.65 to $5.119 and further to $11.651 during same year (Fattouh, 2015). After 1980s, OPEC started to face competitive pressure due to increase in non-OPEC supply. The non-OPEC countries like Soviet union, Mexico and North Sea set their own price. As a result, share of OPEC in total oil production globally has reduced from 52% in 1973 to less than30% during 1985 (theweek.co.uk, 2016). It indicates that entry of other oil producing country in the market has reduced the market share of the OPEC. Fall in market share reduces the power of price determination in the international crude oil market. Causes of decreasing share of OPEC During 2004 Vienna convention, OPECs oil minister faced several issues regarding market dynamics. OPEC is facing lower demand for crude oil due to availability of alternative renewable resources supplied by other countries. Therefore, OPEC has been suffering from the policy dilemma that how the oil producers having large upfront investment capacities, should react to the market dynamics. There has been policy dilemma regarding short term or long term development. High oil price has predominantly remained in the market due to long positions of the market speculators. Policy dilemma, structural problem and, several supply side bottlenecks affected the profitability of OPEC countries. Colgan (2014) argued that Japan has important role in decrease in oil demand from OPEC. Japan was an important importer of oil from the OPEC countries. However, overtime demand from Japan for gasoline oil has been decreased significantly. Figure 1: Decrease in oil demand from OPEC globally (Source: Fattouh, 2015) Among the OPEC member countries, Saudi Arabia played an impotent role to administer supply and pricing. Net back pricing system was adopted by Saudi Arabia resulted in price collapse during 1986. After 1986, the current market related oil pricing started in the competitive dynamics. Kilian Murphy (2014) cited that political rivalries among the OPEC member countries have been detrimental in fulfilling agreements regarding production cut and price stabilisation policy. Success of the cartel depends on the collaborative decision making. Among the member countries, Saudi Arabia is the rising power has limited the power of OPEC. Figure 2: Oil production of Saudi Arabia (Source: Fattouh, 2015) Saudi Arabia has recently decided to cut oil prices for exporting oil to the Asian countries violating the commitment to OPEC. In the view of Mirchi et al. (2012), the motive behind this decision is to grab market share from the regional rival Iran. However, Faucon (2016) argued that OPEC is likely to regain its power due to shrinking output in US and investment cut in many new projects. These two effects can reduce global oil supply less than its demand in 2017. Conclusion OPEC follows the role of cartel, whose objective is to hold the market power to supply crude oil and determining prices. Before 1980, most of the countries relied on OPEC for importing oil. Hence, OPEC had a monopoly power in the market to control demand and supply in the market. However, discovery of oil field in the non OPEC countries has reduced the share of OPEC in global market. Decision dilemma, rivalry among the member countries, lack of investment are the major causes of falling share of OPEC. Moreover, Saudi Arabias reluctance to respond market situation such as price volatility as per commitment to OPEC has negative influence on the regulatory power of OPEC. References Colgan, J. D. (2014). The emperor has no clothes: The limits of OPEC in the global oil market.International Organization,68(03), 599-632. DiChristopher, T. (2016). Saudi oil price cuts fly in the face of deal to limit OPEC output. CNBC. Retrieved 9 November 2016, from https://www.cnbc.com/2016/10/06/saudi-oil-price-cuts-fly-in-the-face-of-deal-to-limit-opec-output.html Fattouh, B. (2015). Current Oil Market Dynamics and the Role of OPEC. oxfordenergy.org. Retrieved 9 November 2016, from https://www.oxfordenergy.org/wpcms/wp-content/uploads/2015/01/Current-Oil-Market-Dynamics-and-the-Role-of-OPEC-Reflections-on-Robert-Mabros-Work.pdf Faucon, B. (2016). OPEC Sees Rival Oil Production Declining as Markets Rebalance. WSJ. Retrieved 9 November 2016, from https://www.wsj.com/articles/opec-sees-rival-oil-production-declining-as-markets-rebalance-1463135728 Goldwyn, D. (2015). Heres Why Saudi Arabia Has Let Oil Prices Falland Why They Could Revive by Years End. Atlantic Council. Retrieved 14 November 2016, from https://www.atlanticcouncil.org/blogs/new-atlanticist/heres-why-saudi-arabia-has-let-oil-prices-fall-and-why-they-could-revive-by-years-end Kilian, L., Murphy, D. P. (2014). The role of inventories and speculative trading in the global market for crude oil.Journal of Applied Econometrics,29(3), 454-478. Mirchi, A., Hadian, S., Madani, K., Rouhani, O. M., Rouhani, A. M. (2012). World energy balance outlook and OPEC production capacity: implications for global oil security.Energies,5(8), 2626-2651. theweek.co.uk. (2016) Will the oil price return to $26 if Opec deal fails?. (2016). Retrieved 9 November 2016, from https://www.theweek.co.uk/oil-price/60838/oil-price-rebounds-after-worst-trading-week-in-11-months

Strategic Management and Project Selection

Introduction Many companies globally find it necessary to engage in substantial financial ventures. The companies, however, have to make a choice between different competing projects that they wish to undertake. That is the reason why they have to employ the concept of project selection to evaluate the most profitable project in the long-run.Advertising We will write a custom report sample on Strategic Management and Project Selection specifically for you for only $16.05 $11/page Learn More A company should calculate discounted-cash-flows that the company is expecting from the project in the long-run. These cash flows should be compared with the cost. A project’s lifetime has an end. Therefore, long-run may be long or short. Project selection is a detailed process that tries to find and define the best project that a company should undertake. The characters that a project should have include a budget, timeline and objectives it sets out to achieve . Many managers face challenges when defining projects and scholars have set out the three as the defining factors (Wiley Media, 2010). How to Select a Project Before selecting a project, the company should consider a number of factors. These factors may or may not apply to the company’s situation, but they are universally recommended for consideration. These include: financial factors, personnel factors, production factors, marketing and administrative factors. These factors delve deep into the impact that the project in question will have to the company’s internal and external environment. After looking into these factors, the company goes on to select the project. This is done by engaging models that are favorable to project selection. Models should however be realistic and people should be the ultimate decision makers, not models.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More According to scholars, these models should portray some characteristics such as easy computerization, should be realistic, flexible, not too costly and easy to use and understand. These will make it easy for the employees to have easy time when working on the project. It will also make it easy for the selectors to easily convey reports to management, who may not have the technical knowledge it entails. Some of the most applicable models include: discounted cash flow method, net present value analysis and profitability indices. These, however, look at the financial bit of the projects, although the most important, the company employs other simulation models to ascertain other implication like environmental impact. Other companies have developed steps through which they analyze and critically select projects based on all the above mentioned factors (Wiley Media, 2010). Risk Analysis and Simulation A project can not be entered into without looking into the amount of risk that a company is entering into. It should therefore, engage in risk assessment that is comprehensive. These include profits and costs, environmental implications and employee adaptation span. If the project has too much risk associated with it is not adopted. A company, in case it has to choose between alternatives, goes for the less risky alternative. Other factors that the company in question should consider include technological dimension of the project, the availability of necessary resources, if it is possible to partner with another company and the level of synergy that the project has in relation with other important projects.Advertising We will write a custom report sample on Strategic Management and Project Selection specifically for you for only $16.05 $11/page Learn More Strategic Project Management This is critically sensitive area of project appraisal. It looks at the viability of a project in the company’s competitive arena. A sound proje ct should have competitive advantage both in the short and long run. If a company’s business focus and project evaluation want to incorporate new products in the market in the market, it is incumbent upon the project that it wishes to undertake to enable it to do that before the rest. For example: laying internet cables in East Africa. The company’s went to partner with companies that they thought should deliver the cable earlier than the rest so as to position themselves in the market and gain competitive advantage. It is also incumbent upon mangers of a project to know whether it is actually a project or not (Wiley Media, 2010). Project management also looks at all the aspects of a project and is the central point from which many decisions are made. Initially, the company through its research and development department carries out an entailed study concerning the project. This research is meant to give insight into many areas of the project. It also indentifies resou rces needed, the deadline of the project and value addition to the company. Every project is broken down in stages such as initiation, execution monitoring and control and lastly closure. This is meant to make sure that there is little hustle when it comes to the execution by laying down the process (Wiley Media, 2010). Project management also looks at the control systems that will govern the whole project. These define the parameters that the company will have to guard against in the whole process. It should set out the rules and regulations. This will entail the leadership of the whole project.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The leaders who are indentified will be answerable to the company management and will prepare reports for them. The members and the technical bench will be the ones involved with the ground work. However, their actions cannot exceed the mandate it sets out to achieve. Conclusion Any project that a company sets out to achieve, should be preceded by a detailed evaluation stage. Afterwards, the company looks at the viability of the project from the many parameters the company wants the project to be helpful. Close monitoring is not exceptional and finally review of the project after conclusion. All these processes are under the management of a project that is set up after its commencement. Success of a project is important, hence the need for careful planning in its offset (Wiley Media, 2010). Reference Wiley Media. (2010). Strategic Management and Project Selection. Retrieved from http://media.wiley.com/product_data/excerpt/79/04717153/0471715379-2.pdf This report on Strategic Management and Project Selection was written and submitted by user Saige Mcfadden to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.