Advantages and Disadvantages of the Change4Life Health Promotion Campaign Free Essay Example, 2750 words

The major advantage of the Change4life social marketing campaign is that it avoids hectoring people about their weight. Most of the people have poor food knowledge and culture and this situation increase people s vulnerability to a life-threatening health problem like obesity (Burchi, et al, 2011). In addition, the Change4life program greatly assists its audience to develop an improved food culture and avoid excessive accumulation of fat in the body. Since this public health campaign operates at the school level, it is a good movement for encouraging the new generation to follow a healthy food culture from childhood. A poor food culture together with sedimentary lifestyle contributes not only to obesity but also to other chronic diseases like diabetes, blood pressure, and cholesterol (Wakefield, 2004). Change4life advocates claim that this health promotion program can play a vital role in improving the emotional health of individuals because a healthy body is essential to maintain a healthy mind. However, one of the notable disadvantages of Change4life is that it fails to address the needs of individuals who have already developed obesity. Moreover, this program does not have proper systems to manage the health condition of obese people or to bring them back to a normal life. We will write a custom essay sample on Advantages and Disadvantages of the Change4Life Health Promotion Campaign or any topic specifically for you Only $17.96 $11.86/page

Project Plan For A Successful Bidding Of A Project Essay

Syed Abdul Rahman Student ID :19407sa Assignment 4 Project Background: This project is about to make a project plan for a successful bidding of a project which is Casio scientific calculator FC-V200V. It covers all the major point which a successful project contain likewise basic legal terms and condition, various stakeholders, target users, it also covers the technical risk involved doing this project it also has the list of the features that a scientific calculator contain. Statement of Work The first component of the project plan is a statement of work (SOW). This is a detailed description of all of the work products that will be created over the course of project, including who is responsible for making each work project. The vision and scope document is a useful starting point for the SOW But the SOW serves a different purposes—while the vision and scope document talks about it. The rationale for the project (the needs that must be met, the list of users and stake holderswho need it built, etc.) the SOW simply contains a detailed list of the work that must be done and all of the work products that will be produced. The SOW is included as part of the project plan, but it should be aShow MoreRelatedDescription Of The Construction Bidding Process1213 Words   |  5 PagesDescription of the Construction Bidding Process Construction bidding is the process of submitting a proposal to undertake or manage the construction of a project or specific scopes within a project. All across the country companies are bidding the construction and development of new infrastructure. This process provides opportunity for multiple vendors and subcontractors to submit their qualifications and value. The process is also valuable to the customer because they can secure the best qualityRead MoreThe Construction Of A Company956 Words   |  4 Pagescontract construction. There not always gone be a time were professional will have time to consult lawyers on construction and bid contracts. When it comes down to bidding and contract bargaining the heat on construction professional is blistering. Profit is mostly the reason for bidding on a contract. To become successful in bidding a construction company has to have a great background for great work and prodigious completion timing. Some construction company bid for no prof it when there companyRead MoreAppshop Case Analysis Essay1397 Words   |  6 PagesCover Letter The Appshop Inc case is based on the evaluation of the various alternatives available for the company while charging its client for execution of a project. Mr. Clark, Director, Central Region Appshop Inc had to make a decision on either accepting any one of the prices suggested by the client or participate in the bidding process. The case involves using Monte Carlo Simulation and Triangle Distribution to figure out the best possible option for Appshop Inc. Executive Summary AppshopRead MoreProject Management : Project Plan Cost Management Essay1065 Words   |  5 PagesProject budget With the Sim4Project our team utilized a proper plan cost management, by employing certain procedures to control the project’s cost. The cost management influences the project manager’s decisions and project output. We used weekly meetings and strategic budget management to decide on which resources were valuable and which did not meet the criteria. Other factors impacted the cost management for sim4project such as organizing resource time and to what percent the resource contributedRead MoreCPMGT 302 Week 4 Procurement Planning Paper1333 Words   |  6 PagesPlanning CPMGT 302 Procurement Planning The needs of a project must be carefully identified, sourced and acquired to have a successful procurement process. Procurement planning is essential to the overall success of a project. It involves identifying the materials and services, finding the suppliers, and properly documenting the transactions. This paper includes a description of the procurement planning process. The most valuable output of the plan procurement process will be identified. FurthermoreRead MoreProposal : A Proposal For Proposal1064 Words   |  5 Pagesmake it more successfully. This agreement is considered as a type of document which investors announce that funding is available for a particular project. Companies or investors have money, however the project is over their control because it requires a long and complex process. Therefore, a request for proposal is a need to help companies complete the project in a professional way to avoid risks, losses, and unexpected things might happen when processing proposal. 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The chance to reduce cost is very tempting; however, the risk associated with the opportunity must be considered as well. Project managers have an opportunity to conduct a procurement analysis, which takes a closer look atRead MoreImpact Of The Construction Industry On The Uk Economy1027 Words   |  5 Pageswhich in turn ince ntivized growth. A growth and infrastructure act was also implemented which delivered a further boost to the industry. The government also plans to increase its capital spending plans by  £3 billion per annum from 2015-16, meaning an additional investment of  £18 billion by 2020 (gov.uk 2013). These schemes have proven successful since their implementation, planning application approval rates are at a ten year high. Another current issue that will benefit the construction sector isRead MoreThe Presentation Presented By Zoe Madams932 Words   |  4 Pages(Madams Alexander, 2013). From the video it seems like the issues with contractors came after the projects were kicked off and started, which makes me think that a better job could have been done by providing clear guidance and setting specific requirements during the bidding process. Soliciting bids from only those contractors willing to adapt to the new methods and techniques specific for the projects comprised within the O lympic program could have minimize the problems encountered during execution

Application or Innovation in Engineering and Management

Question: Discuss about the Application or Innovation in Engineering and Management. Answer: Introduction Conceptual framework is a philosophy that helps in practicing the qualitative process of theories (Jabareen, 2009). Conceptual framework supports in establishing the concepts of motivating financial reporting system by setting the standards in business operations. Thus, it can be stated that the framework is more useful in understanding the objective of the financial reporting (Wiley, 2010). Corporate reporting is considered as the information, which is required to be provided to all the counterparties for maintaining a successful business transaction. It further helps to influence the corporate behavior, which potentially benefits the companies in initiating necessary changes in the business transactions (Eccles Serafeim, 2014). In the similar context, prudence is considered as one of the accounting principles that help to measure basic practical essentials of accounting. Prudence commonly defined as the capacity to respond to the uncertain conditions raised throughout the work pro cess (Pasekov, et al., 2011). To maintain an ethical and transparent work environment in the entire domain the Australian Accounting Standards Board (ASSB) has initiated certain regulations that every company needs to follow in their work process. ASSB is a government agency that concentrates to develop the quality of accounting standards for bringing transparency in the financial statements (Australian Accounting Standards Board, n.d). The paper intends to identify the contribution of conceptual framework along with prudence in addressing the disparity in corporate reporting. In accordance with the paper objective, two different companies namely A-cap Resource Limited and Deep Yellow Limited have been selected to compare their financial reports. Compliance of Annual Reports with Conceptual Framework AASB Standard Analysis of A-cap Resource Limited A-cap Resource Limited is a company listed in the Australian security exchange and considered to be the largest deposits of uranium in the world. The major objective of the company is to develop the production of uranium projects by keeping the interest of shareholders, which can help to continue the business with higher profitability in long run (A-cap Resource Limited, 2016). The chairmans report of 2015 shows decline values of the commodities in the resource sector due to which the company has changed the board members for developing the activities in the market (A-cap Resource Limited, 2015). Figure 1: Profit Loss Statement Source: (A-cap Resource Limited, 2015) Concerning the financial activities of A-cap Resource Limited, it is evident that the company earned profit of around $718,322 in the year 2013. However, it has experienced loss of a quite amount i.e. $3,005,965 in the period 2014 to 2015. The company again earned a profit of $35,098,626 in 2015, but the share price still reduced for which the company experienced a basic loss per share of $ 0.78 in the same year. On the other hand, the financial capability of the company is comparatively higher as the total asset of the company has increased from $42,633,116 to $50,180,731 in the year 2015, wherein the total liabilities has decreased from $1,193,038 to $974,181. In addition to this, the annual report also depicts that the net asset of the company has been enhanced from $41,440,078 to $49,206,550 in the year 2015. In this regard, the cash flow statement of the company helps in explaining the investment spending of the company (Bond et al., 2003). Thus, according to the cash flow state ment, cash and cash equivalents of the company at the end of the financial year has decreased from $5,070,514 to $2,207,637 from 2014 to 2015 (A-cap Resource Limited, 2015). The financial information can be elaborated in more effective manner through the following figure: Figure 2: Consolidated Statement Source: (A-cap Resource Limited, 2015) Based on the information obtained from the company reports, it can be stated that A-cap Resource Limited has always practiced all the policies by following the recommendation of the Australian Security Exchange (ASX) to maintain transparency within the business. Apart from this, the financial report represents the actual view on the financial condition and operation results as per the standards set by the AASB. The company has effectively communicated with the ASX regarding the information, wherein the financial statement of the company properly included all the criteria according to the AASB including the Australian Accounting Interpretations. From this perspective, it is stated that provisions have been implemented for providing benefits to the employees as well as other stakeholders. For instance, by disclosing remuneration in the Directors report, the company can fairly and responsibly address all the issues that might face by the employees (A-cap Resource Limited, 2015). Hence, it is observed that by following the rules and criteria of the AASB the company has successfully enhanced its overall performance along with the satisfaction level of the stakeholders as well. Figure 3: Cash Flow Statement Source: (A-cap Resource Limited, 2015) Analysis of Deep Yellow Limited Deep Yellow Limited is also an advanced uranium exploration company, which operates in Australia and Namibia. The preliminary focus of the company is become a developer and producer of the uranium by concentrating on the Namibian projects (Deep Yellow Limited, 2015). The consolidate statement of profit and loss explains that the revenue and other income of the company have increased from $158,513 to $687,875 from 2014 to 2015. The total comprehensive loss for the period 2015 is $18,713,144, which is lesser as compared to 2014i.e. $22,901,684 (Figure 4 (2Deep Yellow Limited, 2015). Figure 4: Profit Loss Statement Source: (Deep Yellow Limited, 2015) Apart from this, the total asset of the company has decreased from $72,061,973 to $57,907,524 from 2014 to 2015, whereas the total liabilities have increase from $307,035 to $ 286,538 in the year 2015 as compared to 2014. This implies that the company needs to concentrate on enhancing assets which in turn will help to continue the business in more effective manner (Deep Yellow Limited, 2015). The rise in the cash and the cash equivalents of the company is also evident from $1,235,654 to $ 3,926,631 (Deep Yellow Limited, 2015). In this regard, it can be affirmed that the company has positively adopted the accounting principles for the preparation of the financial statements as per the standards set by AASB. The corporate governance of the company follows the framework set by the ASX council (Deep Yellow Limited, 2015). The financial statements can be illustrated through the following figure in more elaborately: Figure 5: Consolidated Statement Source: (Deep Yellow Limited, 2015) Disclosure of the information by the company helps to attract the interests of potential investors for further investment (Li, 2008). Disclosure policy of the company has been complying with the recommendations of the ASX requirements, wherein the remuneration of the executives are monitored by the remuneration committee that helped in initiating appropriate measures concerning the packages of the executives or non-executives and other members as well. The ethical practices are actively promoted by the company to keep a peaceful environment among all the stakeholders (Deep Yellow Limited, 2015). Figure 6: Cash Flow Statement Source: (Deep Yellow Limited, 2015) Inclusion of Prudence in the Conceptual Framework Prudence is the ability to practice public usefulness guideline in which the behavior and decisions of companies are reviewed. The concept of the prudence can provide more positive outcome to the companies that takes the responsibility of its endurance (Beecher, 2008). The financial statements included in a document of a framework that increases the process of the setting standards and its development for future assistance. The conceptual framework provides a foundations on which the standards of accounting is largely depends (Pearson, 2010). Prudence plays a crucial role in the conceptual framework for setting right standards for the financial statements. The preparation of the financial accounts has to compete with many difficulties and uncertain circumstances such as inclusions of doubtful receivables, unexpected life of equipments and machineries (IFRS, 2015). These uncertainties can be well addressed by exercising the prudence in preparing the financial accounts (Stedman, 2011). The implementation of the prudence can be seen clearly on both the listed companies namely A-Cap Resource Limited and Deep Yellow Limited. The companies have identified and supported their responsibilities by setting the accounting standards while preparing financial statements. The exercise of the prudence assists in identifying the overstatement of assets and incomes as well as the understatement of liabilities and expenses. The Directors report of A-Cap Resource Limited revealed the financial position and performance of the companies, wher ein it is observed as per the report that the employees has effectively contributed in satisfying their role. The principal activity of the Consolidate Group is to study the ongoing possibility of Letlhakane Uranium Project. The group has adequately compliance with the environmental legislation, by designing the remuneration policy through which the company has managed to offer long-term incentives for the directors and executives (A-Cap Resource Limited, 2015). On the other hand, the main activity of the Deep Yellow Limited for the year 2015 is to explore the uranium mineral in Namibia and diversify its iron ore project. The board of the company has successfully identified key operational issues, which helped in monitoring the performances. The monthly report of performance is regularly evaluated by the board during the board meetings, which supported in sorting the areas of difficulties in business operations. In addition, the group effort of the company is also able to protect its core assets and kept the strong companys position in the market. Therefore, by continuing such proceeding, the company can manage the difference in the corporate reporting. In this regard, the coordination between the managements has played a significant role in eradicating the disparity among the management professionals (Deep Yellow Limited, 2015). Comparing and Contrasting the Two Annual Report A-Caps Resource Limited and Deep Yellow Limited both have followed the guidelines set by the AASB in preparing the financial statements. The depreciable amount of the all fixed assets of the A-Caps Resource Limited has been performed on a straight line basis over their useful lives, wherein the rates of depreciation are vehicles 25%, computer hardware software 20%, furniture and fittings 15%, geophysical equipment 20%, containers and sheds 15% and camp field establishment 15% (A-cap Resource Limited, 2015; Velmurugan, G, 2014). On the other hand, the depreciation of machinery and plant of Deep Yellow Limited has been calculated using the written down value method to allocate the costs, net residual values against the estimated lives, which includes office equipment and fittings 12.5%-33% of cost, site equipment 25% of cost, motor vehicles 25% of cost and leasehold property and buildings 5% of cost. Hence, it is apparent that both the companies have followed the advanced accounting principles by preparing the financial statements on a historical cost basis (Deep Yellow Limited, 2015). The categorization of the assets and liabilities of both the companies followed the criteria according to the advanced accounting principles and set standards of the AASB. Besides, the annual report of the company shows the certain degree of credibility as compared to other corporate source (Jenkins Yakovleva, 2006). Hence, both companies annual reports have helped in comparing the performances and identifying the differences in the work (Bose, 2010). Therefore, it can be stated based on the annual reports that although the companies have different types of operation process and strategic priorities, evident in the reports, both the companies have operated the business according to the set standards of AASB. Conclusion Based on the evaluation of A-Cap Resource limited and Deep Yellow limited, it is apparent that both the companies operate their businesses in the energy industry. The conceptual frame of AASB has been followed by both the companies, wherein A-Caps Resource Limited is able to convert the loss suffered in 2014 into profit by the year 2015. The companys net asset has also been increased as compared to 2014. On the other hand, Deep Yellow Limited has to experience a loss in 2015, though the amount has decreased as compared to the year 2014. The company has failed to increase the value of its net asset in 2015, but the total current assets have been cited as increased. From this perspective, it can be stated that A-Caps Resource limited is unable to increase the total current asset in 2015. To mitigate this concern the company can use the sweep accounts through financial institution and decrease the overhead expenses. To get more inflow of the cash, A-Caps Resource needs to improve the borrowings, loans and debt management with legitimacy and economic reasonableness. From a different perspective, it is also apparent Deep Yellow limited has encountered a loss in 2015, which can be mitigated by minimizing the overhead cost through the utilization of the bookkeeping in an efficient manner. Apart from this the company is also suggested to increase the paid-up capital and decrease the liabilities as well. References A-cap Resource Limited, 2015, Chairmans Report, Annual report 2015, pp. 1-70. A-cap Resource Limited, 2016, Home. Strategy. viewed 08 September 2016 https://acap.com.au/corporate/strategy/ Australian Accounting Standards Board, No Date, AASB board. About The ASSB. viewed 08 September 2016 https://www.aasb.gov.au/AASB-Board.aspx Beecher, J, A 2008, The prudent regulator: politics, independence, ethics, and the public interest. Energy Law Journal, vol. 29, pp. 577-614. Bond, S et al. 2003, Financial factors and investment in Belgium, France, Germany, and the United Kingdom: A comparison using company panel data, The Review of Economics and Statistics, vol. 85, no. 1, pp. 153-165. Bose, D, C 2010, Advanced accounting, PHI Learning Pvt. Ltd, New Delhi. Deep Yellow Limited, 2015, Company Profile, Annual report 2015, pp.1-57. Deep Yellow Limited, 2015, Governance. Corporate Governance Statement, viewed 08 September 2016, https://www.deepyellow.com.au/corporate/governance.html Eccles, R, G. Serafeim, G 2014, The functions of corporate reporting. Corporate and Integrated Reporting: A Functional Perspective, pp.1-21. IFRS, 2015, A Tale of prudence, Investor Perspectives, pp.1-6. Jabareen, Y 2009, Building a conceptual framework: Philosophy, definitions, and procedure, International Journal of Qualitative Methods, vol.8, no.4, pp. 49-62. Jenkins, H, Yakovleva, N 2006, Corporate social responsibility in the mining industry: Exploring trends in social and environmental disclosure, Journal of Cleaner Production, vol. 14, pp. 271-284. Li, F 2008, Annual report readability, current earnings, and earnings persistence, Journal of Accounting and Economics, vol. 45, pp. 221-247. Pasekov, M. et al., 2011, Auditors insight on prudence principle application in Czech Smes, Recent Researches in Applied Economics, pp. 139-144. Pearson, 2010, Why a conceptual framework, Conceptual Framework for Financial Reporting, pp.36. Stedman, J, M 2011, Their application to assessment of psychopathology and psychotherapy, Practical Philosophy, vol. 10, no. 1, pp. 57-64. Velmurugan, G 2014, A study on depreciation of assets under the companies act, 2013, International Journal of Application or Innovation in Engineering Management, vol.3, no.12, pp. 183-191. Wiley, 2010, Conceptual Framework, Conceptual Framework for Financial Reporting, pp.1-23.

Oil Drilling free essay sample

No Oil Drilling In Protected Areas Oil, or petroleum, is a complex mixture of various hydrocarbons and rock minerals found below the earths surface. When the oil is extracted from the ground it is then refined into various gases or fuels and as a raw material, it can be used to make plastic, pesticides and many more uses. Oil drilling is a process of perforating the earth’s surface and rock layers to extract fossil fuels or oil for energy productions. Oil is found all over the world and it is drilled in many countries. It is formed from the organic decay of plants and animals that existed millions of years ago. Although oil is very useful but drilling it is commonly associated with environmental damages, as it requires the disruption and depletion of certain lands and their resources. As oil grows scarcer, companies look for more places to drill, and many now have their eyes on protected wildlife areas. We will write a custom essay sample on Oil Drilling or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Although drilling oil in Belize could be useful to the society therefore it should be banned from the protected areas because it will destroy the land, threatened endangered species and loss of ecosystems. Oil drilling will cause destruction to the land and pollution to the atmosphere. Drilling often requires the construction of roads, lodgings, oil derricks, and other buildings, which can be unsightly and disrupts the composition and fertility of the soil, as well as the drainage patterns that form naturally within it. This can have devastating effects on plant growth, as soil becomes either too polluted or too wet or dry to support life. In the case where there is too much deforestation, this can leads to destroying natural habitat and erosion of the soil causing another challenge to the land. When oil is drilled, it can result in spills on the land. This oil spilled seeps into underlying groundwater affecting us as humans. Although it is used to make fuels and gases for us to make our life easy but when these are burned, they releases toxic substances in the atmosphere which can be harmful for the environment and even us. Many endangered species are going to be threatened in the protected areas. These animals and plants that live or are secured in the protected areas are to be saved from extinction. We are not supposed to be demolishing their homes and life. Therefore there should be no oil drilling in these protected areas. If oil is drilled, we will lose the beauty of our land and affecting or killing endangered species. Some species depends on other species for survival. Once the oil is pumped to the surface, it occasionally leads to accidental spills and this can be detrimental to wildlife especially endangered species that are in the areas and destroys their habitat. Plants are covered with the oil when it is spilled and animals that feed on these plants get infected damaging inside their bodies leading them to death. Other animals that feed on these infected animals also get infected. While other the oil stick to their bodies, especially birds avoiding them to breathe or even moving. Therefore we must not allow oil to be drilled in protected areas since it affect animals and plants life. Destroying protected areas will result in the loss of ecosystems. Drilling in protected wildlife areas can also disrupt food chains, as some animals are able to stop hunting and scavenging by feeding on the trash left by workers. Food sources are wiped out in spills, meaning that spilled oil covers and kills not only the flora and fauna but animals that rely on them for food will also be affected by starvation. When predators are forced to eat affected food, they can become poisoned from ingesting oil-soaked tissue. Although drilling oil in Belize protected areas can be useful to the society but it has negative effects on wildlife, especially our endangered species and also the environment. Oil drilling operations has effects on future generations. Despite all of the uses that we have for oil, it can be hazardous to the environment and ecosystem. Therefore in order for us to maintain a clean environment, we should not be drilling oil in protected areas but protecting it for future generations. Let us emphasize on being environmentally friendly and protecting nature from losing its beauty. References: * Oil. Encyclopedia Britannica. Encyclopedia Britannica Ultimate Reference Suite. Chicago:Â  Encyclopedia Britannica, 2010.

Benny Paret’s Real Killers an Example of the Topic Literature Essays by

Benny Paret’s Real Killers No one can deny that violence has become a pervasive part of the American life. Violence is everywhere. It is delivered right at home through cable tv. It is considered a form of entertainment and majority of Americans consume their dose of violence through the news and through their patronage of prizefighting sports such as boxing and wrestling. Indeed, violence is as much part of the social landscape of rich and poor alike, through their promotion and participation in deadly sporting activities both inside and outside the ring. Need essay sample on "Benny Parets Real Killers" topic? We will write a custom essay sample specifically for you Proceed Undergraduates Very Often Tell EssayLab writers: How much do I have to pay someone to write my essay today? Professional writers advise: Custom Essays - Easy And Quickly With Essaylab.Com Legitimate Essay Writing Services Get Paid To Write Papers For Students College Essay Writing Service Top Essay Writing In the essay Who Killed Benny Paret, Norman Cousins delivers a stinging critique of societys complicity with the violence and death caused by the immense popularity of prizefighting as a sport. The author notes that the observations of renowned boxing promoter Mike Jacobs about the consumers of prizefighting are in fact true and real. People do not line up at boxing and wrestling matches because these sports teach values about endurance or stamina. People go to see boxing and wrestling bouts because of a more guttural need to see two human beings trading punches that could kill them both. The tragic death of Benny Paret is but one proof of the culture of violence that pervades America and the rest of the world. A young boxer, Benny Paret went into a coma and never woke out of it after receiving too many punches on his head which caused severe brain hemmorhage. The government and the boxing authorities, alarmed by the event, launched an investistigation to determine responsibility for Parets death. This investigation involved a probe into the culpability of the fight referree, Parets manager, and Parets physical condition in causing his early demise. However, as Cousins argues, the investigation glossed over the real perpetrators of Parets death: the brutality of the sport itself which exposes its players to the risks of being maimed or killed in the ring. One cannot help but emphatize with Cousins despairing tone regarding the futility of the investigations on Parets death. The outcome of the investigation itself has already been precluded by the fact that Parets death is only a sign of a complex, and pervasive social problem wherein the existence of prizefighting as a form of sport itself is highly questionable. In this sense, investigating and trying to heap the blame on the referee for his perceived negligence is not only unfair, it also worsens the problem. As Cousins rightly points out, the referee himself is compelled to perform his duties and responsibilities based on crowd expectations. That is, the referee cannot intrude into the heat of the boxing match because two men are hurting each other: that is what the crowd pays for to watch in the first place. Clearly, a more critical probe into Parets death should look at the normative values and social standards that perpetuate the existence of boxing and other forms of prizefighting as a form of entertainment. It must also take into account the participation of institutions in the promotion of violence as a spectacle to be enjoyed. Indeed, the popularity of prizefights is but an indication of powerful interplay between the audience thirst for blood and the accession of powerful institutions from the media to the sports industry to accommodate the audience clamor for violent and disturbing images. Consequently, the role of the mass media in transforming social values and in reinforcing the audience treatment of violence cannot be ignored. The mass media, with its ability to deliver the images of violence on a daily basis right at home, primes the viewers to the spectacle of boxing and prizefighting by desentisizing the audience to the brutality and pain of human suffering. By its ability to mediate with the notions of reality, the mass media is able to depict violence as a normal part of life and in the process objectifies human beings, depicting them as actors in a made-up world which makes their experiences seem unreal. In the process, the audience becomes accustomed to graphic portrayals of violence and the entertainment industry, which forms a significant part of the mass media, wastes no time generating revenues from the audience whetted appetite for gore. It is for this very reason that Hollywood routinely spews slasher films which show graphic mutilation of human bodies or sensationalist films which exploit the range of human emotions such as anger and despair. It is not surprising that Benny Parets fate would be fully televised. It is in the most ironical sense, however, that Parets claim to fame was triggered by his early demise from the world of entertainment. For majority of boxing fans, who are undoubtedly used to seeing boxers and players become maimed and killed their fights, Paret will simply become another tragic and fallen figure. Fans will argue that boxers like Paret should be prepared for the eventualities of their participation in the deadly sport, and that Paret knew what risks he was entering into. In the minds of millions of boxing fans, the death of a boxer is a boxing reality, and as such, there should be no fuss about it. Thus, as Cousins points out, individuals in the prizefighting industry cannot be held accountable for the death or injury of an athlete; society must take a collective blame for allowing prizefighting to emerge as an acceptable form of sport between human beings. The entire audience must deal with the guilt associated with the death of athlete because the audience, in both their complicity and in their unquestioning attitude towards boxing and media violence in general, helps ensure that boxing and gore become profitable for the people who promote them and thrive on them at the expense of other human beings. The only thing that one can be sure of in a culture with a lust for blood so strong it pays to see a man being maimed live on the ring and on pay-per-view television is that Benny Paret is not going to be the last victim of senseless violence. Work Cited: Cousins, Norman. Who Killed Benny Paret? Patterns for College Writing: A Rhetorical Reader and Guide, 10th Edition. Ed. Laurie G. Kirszner and Stephen R. Mandell. United States: Bedford/St. Martins, 2007. 346-348.

Evaluation of China as a business destination The WritePass Journal

Evaluation of China as a business destination Introduction Evaluation of China as a business destination IntroductionPolitical Factors:Factors influencing Business procedures:A few advantages:Weakness of the market for business:Economic factors:Taxes:Social and cultural factors: Cultural factors affecting business procedures:Technological Factors:BibliographyRelated Introduction China also known as PRC (People’s Republic of China) is the third largest country in the world. The country stands first with its population estimating to a 1,330,141,295 (1.3 billion) as of July 2010. China is also predicted to consume 29% of the world’s luxury goods by 2015 which precisely signifies the consumers spending ability. China has a high spending middle class even after the financial instability which makes it a prospective business destination. Beijing is the capital of China and Shanghai also known as the financial capital of the country is the largest city in China. Beijing, Shanghai, Guang Zhou, Shen Zhen is China foremost cities for business and commercial activities. Although China is one country by itself, due to the history and differences in culture in every province, this makes every province akin to small little countries that has different needs and wants. For example, there are different policies in certain provinces; also, due to the difference s in geographical area that is spreading horizontally throughout the globe and difference in weather, consumers from different provinces have different needs and wants. Thus, any firms that wants to enter into different provinces in China has to do a thorough research before entering and not taking granted by using the same entry strategies, knowledge and marketing efforts to enter into different provinces in China. Even though, new market entry is likely to boost a company’s revenue, productivity and profit, Market entry without proper analysis will be a costly experience for the company but a hasty decision to not enter may lead to loss of extensive profits and market shares (Hollensen, 2004). However, in our project, we will only be looking into Shanghai as it is the financial capital of the country and has the most robust commercial activities as compared to the rest of the china. Shanghai has been growing exponentially since the past few years and is expected to grow eve n more (BBC News, 2011). As Takeomega 3 is looking for international market, especially in China, we are here to explore the feasibility and attractiveness of Shanghai market using PEST analysis. Political Factors: China acts like a single unit where the Chinese communist party (CCP) governs all the political powers. The above map shows the different administrative zones of the country. According to Euromonitor International (2005a) there are three areas which threaten the political stability of the country. 1] Differences in the rich and poor areas in China: The tensions are growing between these two areas and also the government has to handle the separatist movements in Tibet, Xinjiang. (Euromonitor International, 2005a) 2] Unstable Pension system: The pension system in the country is on the verge of a breakdown. As of now only 6 out of 31 regional pension funds are solvent. (Euromonitor International, 2005a) 3] International issues with neighboring countries: There are issues with the neighboring countries like Taiwan on the basis of political belongings, and also issues with Hong Kong with pro democracy activists and with Japan on the topic of exploitation of natural resources (Euromonitor International, 2005a). These factors can lead to political instability which can hamper the market entry for our firm. Other factors that can be linked with issues relating to our market entry are issues like corruption in the country and the business entry procedures. Transparency International Corruption Perceptions Index indicates China with a 3.2 index compared to 8.2 of Europe and 3.9 of Asia, corruption index being 1 as highly corrupt and 10 being the lowest. Factors influencing Business procedures: Some of the upcoming business destinations can be middle-east and emerging markets. It is important to consider the time taken to complete business procedures. The business procedures to enter the Chinese market are however a bit problematic. On an average it takes 12 separate procedures and 41 days to start a business compared to 9 procedures and 61 days to start a business in Middle East. Moreover the system is also strict in closing down the business. It approximately takes 2.6 years to close down compared to 1.8 years compared to OECD countries. To enforce a contract, 20 separate procedures and 180 days are required compared to 18 procedures and 213 days in OECD countries (Business monitor international, 2006a).Thus it can be seen, compared to other emerging business destinations China has a monotonous approach for business procedures. A few advantages: When it comes to do business overseas, it is essential to know the global reputation of the country or its market. There are institutions and governing bodies which help international trade. China being a member of the IMF (International monetary Fund), World Bank, Asian development Bank, General Agreements on Trade and tariffs and most importantly WTO (World trade organization) promote orderly and stable foreign exchange markets, maintain free convertibility among the currencies of member nations as well as reduce international barriers to trade and provide liquidity to counteract temporary imbalances in international finances.   This can be an advantage for our firm since it makes our target country reliable to carry out business (Jeannet Hennessey, 2004). Weakness of the market for business: In spite of these advantages China has been known for its weak IPR (Intellectual property rights) and has also been blamed by its previous trading partners for inducing price dumping strategies to overcome its competitors (Business monitor international, 2006a).There have been developments to protect IPR   since it became a member of the WTO however these laws have not been implemented that efficiently with fines still being imposed (Business monitor international, 2006a). This in turn can be hazardous for the business hence maintaining control on these things is of utmost importance to enjoy profits as well as keep the brand name established. To overcome these negative impacts on the firm and avoid counterfeiting the following steps can be taken: 1] To register the product and the logo in China, doing so will overcome the issue of counterfeiting the product by local manufacturers. 2] The next step is to get the product certified by the SFDA (State food and drug administration). Economic factors: China is undoubtedly playing as a primary engine of growth considering the role played by United States of America since mid 2003. Despite the financial crisis the global growth in emerging countries remain favorable. With China’s rapid start in 2010 economic growth is likely to slow down because of the partial normalization of the macro policy stance and some property measures. The GDP growth for 2010 as a whole is expected to be around 9.5% and 8.5% for 2011.But the advantage here is that the growth will be less investment driven and more because of external or foreign trade (World Bank group, 2010). The GDP of the Shanghai region individually is $450bn ( £225bn). Furthermore the Shanghai region along with the two neighboring provinces contributes to 30% of Chinas foreign exports and attracts 25% of all foreign investment into China (Schifferes, 2007).This makes it favorable for a firm to export Shanghai with increasing potential for profit margins. Shanghai has high numbe r of FDI’s rather than foreign loans moreover FDI are less risky compared to any other financing source. The country itself is still the largest receiver of FDI’s in the world (Business monitor international, 2006a). Inflation would remain in limit this year due to nonexistence of price pressures. Inflation is increasing but core inflation remains low (World Bank group, 2010).Active labor force comprises of approximately 737 million and unemployment rate is 3.6 %and is also expected to increase due to internal migration and urbanization (Business monitor international, 2006a). Moreover Shanghai is known for its sophisticated and affluent consumers and highly educated skilled labor force. By 2020, shanghai is expected to expand greater than New York in 1997 which was the richest city in the world (Schifferes, 2007). This is the reason why choosing Shanghai over any other cities in China is preferred. Taxes: China has decreased its import tariffs by 40 % since 1990.China has dual tax regime imposing different for Domestic and foreign firms more importantly the same in Shanghai.   Although the state tax rate for foreign companies can be reduced by 15% if the firms are located in special administrative zones (Business monitor international, 2006a). The standard rate of VAT is 17%. This is generally applicable on sale and import of goods. There is a reduced rate of 13% which is applicable for books and certain types of oils. Small sized businesses with a turnover of less than the legally defined limit pay 3% VAT (www.worldwide-tax.com, 2011). Social and cultural factors: The society in China and till a certain extent across the globe has come to a stage of â€Å"mistrust† due to the exaggerate claims in advertisement made by the merchants.   Consumers have lost confidence in nutritional products and find it difficult and confusing in believing and judging in one. At the initial stage, merchants advertise to create awareness amongst consumer about the quality of their products. The more advertisement it has, higher will be the sales they would be able to attain. However, too much advertisement brings about a question of quantity Vs quality. As many a times those claims made by the advertisement concluded to be false. Eventually consumers came to a stage where their mindset has changed. They have started to believe that consuming natural food itself is better than consuming processed food supplements. Furthermore natural food gives better results than the fake and over exaggerated food supplements â€Å"è  ¯Ã¨ ¡ ¥Ã¤ ¸ Ã¥ ¦â€šÃ© £Å¸Ã¨ ¡ ¥Ã ¢â‚¬ . This has led the Chinese government to impose strict laws in China especially Beijing and Shanghai in order to deal with the trust level in China’s market. Shanghai being the most crucial city for new businesses it is essential to deal with this matter in a thoughtful way in order to be able to sell your product and achieve brand recognition. Shanghai’s life expectancy has increased to that of the economically developed economies and figuratively is 75.18 and 79.21 for women (shme, 2011).   The average age is 25-59 years and is dominated by male population (Euromonitor International, 2005a). As of 2009, the per capita income was $6500 which has increased compared to previous years and is the highest in Asia (Datamonitor, 2010). The average per capita savings deposit among local residents had skyrocketed from 166 yuan in 1978 to 20,909 yuan in 1997 and has been still increasing (shme, 2011). This indicates decline in poverty which means increase in purchasing power of the consumer. This signifies a potential market. Statistics have shown that there is a growing market for health products (supplements) and demand mainly comes from 2 groups of people white collar consumer who face pressure and work in high risk profile companies and also employees that involve lots of entertaining work and consume very high cholesterol and carbohydrate enriched food like seafood and high protein food like eggs and also animals organs (which is highly popular amongst the Chinese). With development of Shanghai’s   economy, consumer now has higher income to pay and care about their health by purchasing these health supplement products and this precisely explained why the increasing growing trend of these products in the country. Increasingly, Chinese consumers are behaving like their counterparts in the developed world. They are more demanding and pragmatic than ever as their horizons expand beyond basic concerns about product features. Also, they are willing to pay for better value and quality and are spen ding more time researching and are exploring product nuances. Yet McKinsey’s 2010 survey of China’s consumers also found that they are blazing a uniquely Chinese trail. The country obviously offers some of the world’s biggest growth opportunities- but only for consumer product companies that understand and respond to this rapidly evolving marketplace. The floating population which means internal migrated population was recorded at 140 million in 2005. Due to urbanization a lot of population keeps migrating to the major cities like Shanghai and Beijing, which provide cheap labour but puts stress on the city infrastructure and most of the people remaining unemployed (Datamonitor, 2010).Adult literacy rate of Shanghai is 91.6% which signifies knowledgeable customers and more potential target market (Datamonitor, 2010).Although because of the one child policy there have been issues with ageing population. As a result it is expected to increase in forthcoming years and decrease in productive output and target consumers for the future (Datamonitor, 2010). Moreover Shanghai population has one of the highest savings rate in the world where people prefer to save more than invest due to cultural risk. This issue needs to be given a thought and dealt in productive manner since people don’t invest which indicates more liquidity in cash flows. Cultural factors affecting business procedures: Chinese consumers remain brand conscious but, unlike shoppers elsewhere, they focus on value so intensely that brand loyalty is often secondary. Since there are so many brands in Shanghai itself it becomes difficult for a consumer to choose and hence they opt for a product defining high value or comparatively low cost. The needs or interests of their families have greater importance for them than for their counterparts in the developed world. Word of mouth has become a more significant source of product information than it is elsewhere, thanks largely to fast-growing use of the Internet, which Chinese consumers see as a credible information source. Most intriguingly, though, Shanghai’s consumers prioritize purchases across different product categories by trading off among them: the Consumers maximize their buying power by spending more in the categories they care about most and less in others. Also, the trends in the target market keep changing depending on the local circumstances.   Chinese have a high context culture hence it is crucial to know the cultural background of the partner (Johansson, 2003). People from Shanghai mix emotions with business hence they value individualism and work towards economic welfare (Chen, 2004). People in Shanghai treat foreigners equally and laws are more stringent than any other parts of China (Chen, 2004). People in China more importantly in Shanghai are influenced by the packaging. Especially colors play an important role for example: red exemplifying happiness. Many companies that have struggled to find a niche in China may therefore now find a market for their products and attract partners. Conversely, companies that have relied on low-cost, low-quality business models may end up on the losing end of trade-off decisions and could require a shift to value Technological Factors: In recent years, American and Europe supplement products have taken a different and more innovative route by developing new design, new function, new way of consuming, new style supplement products. This knowledge has also been transferred to China through its financial capital Shanghai. This better and more advanced technology brings about better purity and quality and enhances the absorption capability in the body to take place. These occur in capsule, tablets and recently into liquid and concentrate products. These supplements are also offered in candy form, biscuit, can, vinegar and Mi Jian- dry preservatives fruits. Products that are targeting at low cholesterol, low fats and carbohydrates market are proven to be the most popular amongst all nutritional products. Products that are offered in herbal type like tea, protein, herbal plants, has the highest sales relatively. Thus the technical knowhow of manufacturing, packaging and other functions is well advanced in Shanghai (China ) and hence it can get difficult for a foreign company to keep up with the competition. Moreover RD spent in China is 2% in 2010 and is aiming to increase it to 2.5% by 2020 (Business week, 2006). Transportation network has improved immensely through the expressways. The length is 74000 km as of 2010. Moreover Shanghai is building the world’s largest container port at an island connecting with a six lane bridge to the city (Schifferes, 2007). This will provide assurance for safe and faster transportation of the products and prove beneficial not only for TakeOmega3 but its competitors as well. Bibliography BBC News. (2011, February 22). China Country Profile. Retrieved February 24, 2011, from BBC News: http://news.bbc.co.uk/1/hi/world/africa/country_profiles/1287798.stm Business monitor international. (2006a). Business Environment: China Q2 2006. United kingdom: business monitor international ltd. Business week. (2006, March 31). Blinding Science: Chinas Race to Innovate. Retrieved March 5, 2011, from Bloomberg Businessweek: businessweek.com/globalbiz/content/mar2006/gb20060331_921612.htm Chen, M. (2004). Common culture,different stiles. China Business review , 31 (5), 53-58. Datamonitor. (2010). China: Country analysis report. Datamonitor. Euromonitor International. (2005a). China. United Kingdom: Euromonitor plc. Hollensen, S. (2004). Global marketing: A decision-oriented approach. Edinburgh: Pearson Education limited. Jeannet, J. P., Hennessey, H. D. (2004). The global economy. In J. P. Jeannet, H. D. Hennessey, Global marketing strategies (Vol. 6th edition, pp. 47-50). boston: Houghton Mifflin. Johansson, J. K. (2003). Global Marketing: foreign entry, local marketing, global management. New York: The McGraw Hill companies Inc. Schifferes, s. (2007, May 7). Shanghai: Creating a global city. Retrieved March 10, 2011, from BBC Home: http://news.bbc.co.uk/1/hi/business/6618163.stm shme. (2011, march 10). whats shanghai. Retrieved march 10, 2011, from sh me: shme.com/intro/people.htm World Bank group. (2010). Quarterly update-June 2010. Beijing: World Bank office. www.worldwide-tax.com. (2011, March 4). China V.A.T. and Other Taxes 2010. Retrieved March 4, 2011, from www.worldwide-tax.com: worldwide-tax.com/china/chi_other.asp

Law Essay Questions Example | Topics and Well Written Essays - 2500 words

Law Questions - Essay Example Law Essay Questions The parties should have a high probability of the outcome of the mediation process before engaging a third party to listen to his or her views. The outcome of the mediation process may not vary much compared to litigation through the court system and even more the procedure is conducted in a friendly environment (Thompson & Gordon, 2014, p. 134). However, the mediation process could result to additional expense in some cases and possibility of delay in case the parties fail to arrive at an agreement. In the case of Halsey v Milton Keynes [19], the court provided direction ADR is beneficial to the disputing parties because it helps them reach consensus at greater efficiency and cost effectively. Cost efficiency is achieved where the mediation process is carried out through Family Mediation Service or court system because most of the costs are borne by the state. Furthermore, even in a situation where mediation is provided by private mediators the cost is shared by the parties concerned. Therefore, ADR is can be cost effective dispute resolution mechanism though this will be only applicable in cases where there is a successful settlement of the issues between the parties involved. The conflicting parties are sometimes involved in the mediation process thus giving them some control of the process. The time when issues can be settled, and the privacy of the matters discussed between mediators and the conflicting parties are of great significance to the parties.