'Effective Finance Management in Small Business Restaurant in Ireland' Dissertation

'Effective Finance Management in Small Business Restaurant in Ireland' - Dissertation Example The literature review section reveals a comprehensive discussion on financial management and its role in small restaurant business. The role of The Restaurant Association of Ireland has been also included in order to several its contribution in context of financial management. The research methodology section has evaluated the ways of data collection for this study. For this research, questionnaire survey and focus group discussion has been used for collecting primary data from the financial managers in the chosen restaurants of Ireland and restaurant owners. It was found that these restaurants do maintain systematic accounting statements and the restaurant owners closely monitor the financial statements, transaction records, and inventory that remains in the restaurant. Due to fewer funds, the owners forecast sales per unit and cost and accordingly allocate their funds. Though it was found that the small restaurant owners in Ireland do follow financial management approaches to make the business a success, but it was recommended that yearly audit is done through external auditor to maintain transparent financial records and also involve the employees while taking financial management decisions, which affects all the other departments in the restaurant. ... The problem statement of this research study is related to the financial management framework of small restaurant during this financial crunch. 13 1.4 Rationale of the Study 13 Restaurant segment like the other sectors is a lucrative area of revenue generation for Ireland, where around â‚ ¬6 billion is spends by people annually in eating out (Kumar, and Subramaniam, 1997). However, during the financial crisis the profits have diminished considerably because of increasing level of unemployment in the country. It has been noticed that the small restaurants in Ireland were successful in reaping steady profits compared to the multinational food chains. This was an issue to be curious about, and research could be conducted on this aspect (Munro, 1997; Crick, 1997). It has been seen that in case of small businesses such as small restaurants, financial management framework is not so strong like that of big businesses such as big hotels or restaurant chains. 13 However, financial manageme nt binds every other segment in small businesses, unlike bigger ventures. In bigger ventures financial management is equally important like several other aspects, so the financial management approaches of small restaurant businesses of Ireland should be explore (Kumar, and Subramaniam, 1997). Efficiency of financial management in small business can be identified through comprehensive analysis of their financial management framework and strategies. This is the reason why focus has been made towards financial management of small restaurants as it forms the core of the business strategies in small strategies. 13 1.5 Research Question 14 1.6 Research Objective 14 1.7 Outline of the Study 14 CHAPTER II: LITERATURE REVIEW 15 2.1 Introduction 15

Commandment Relation to Christ-like Love Essay Example for Free

Commandment Relation to Christ-like Love Essay The commandment I choose which displays three types of Christ-like love is the 8th commandment, Thou shall not steal. The first type of Christ-like love that the commandment Thou shall not steal displays is desiring what is the best for others. Stealing is something that is very wrong. For example, if someone is angry at someone, they might express their anger by stealing their belongings. This is not right. Someone can just approach the person they are angry at, and tell them how they feel about the situation. This is much better for others instead of stealing. The second type of Christ-like love that the commandment Thou shall not steal displays is that it is an emotion and decision. Stealing is a decision that is made when people go through various types of emotions. Some emotions include anger, frustration, mad, stressed, etc. When someone feels like this, they might feel like stealing someones belongings . By making the decision not to steal, it will make someone feel a different type of emotion. They will feel proud because they know that they are doing the right decision instead of doing something bad. Nevertheless, this is why the commandment Thou shall not steal is an emotion and decision. The third type of Christ-like love that the commandment Thou shall not steal displays is walking away from harm. Depending on what is stolen, it can be considered a crime. Nevertheless, anytime of stealing is wrong, no matter how valuable the item is. For example, if someone stole a top from The Gap store, it is considered a crime. In addition to this wrong crime, if someone steals a pencil from a teachers desk it is just as wrong. Even though the pencil isnt as valuable as a top, any type of stealing causes harm. When walking away from this, it saves harm for both the stealer and the victim. Both people will not be involved in any type of stealing situation when showing the Christ-like love of walking away from harm.

SWOT Analysis of Fosters Group Strategy in Greece

SWOT Analysis of Fosters Group Strategy in Greece Fosters Group is focusing on better strategy to acquire profit in the liquor industry after being saturated in the domestic market. In this assignment I mentioned all the main factors of Fosters for entering in new market. I have selected the Greece market for the assignment . Greece is a big alcohol market; Fosters planned to export Penfolds Bin 407 wine to Greece. This assignment covers all the internal and external analysis done with the help of PESTLE analysis etc. Another tool is SWOT analysis which covers Fosters companys information about the strength, weakness, opportunities, threats. The another main part of this assignment is marketing strategies which have all the information how Fosters product exported to Greece and which strategies implemented and how consumer behaved in that particular market .Swot analysis was conducted to check the assumption and forecasting sales to be made once the product is launched in the Greece. Contents INTRODUCTION: Fosters Group is a top multi-beverage company which delivers a selection of beer, wine, spirit, cider and non-alcohol beverages. Penfolds is famous brands for dry red table wine of Fosters Groups. The product which selected for exporting to Europe is one of the Bin range- Bin407. The Penfolds Bin-407 Cabernet Sauvignon is a multi-district mixture mostly from the south east to South Australia- specially, the Limestone Coast (including Connemara and Robe) and Bordertown. With a portfolio of over 100 brands, operations on five continents and a history stretching back 160 years, weve built something unique at Fosters. We are a global premium branded drinks company, delivering beer, wine, spirits and ciders to millions of consumers every day. From Penfolds to Beringer, Fosters Lager to Victoria Bitter, we produce the labels that consumers have learnt to trust since the 1840s. Our winemakers and brewers are today developing the innovative new products that will tap consumer trends in the years ahead. Headquartered in Melbourne, Australia, and listed on the Australian Securities Exchange, Fosters employs over 6,000 people and our products are sold in more than 155 countries worldwide. The market which has been selected is Greece and aiming all the wine drinkers especially people whose age are above 25. The reason behind choosing wine for exporting to Greece which is known as the market of alcohol is very large and as there is no age limit of drinking, wine can be very handy product for export. Greece is one of the worlds great tourist destinations. Greece is frequently welcoming arround 12.5 million visitors a year. Total wine consumption in Greece is14,919 million litres. Consumers are quite open-minded about innovation and new products and this is providing costant growth for New World Wine. (group, 2010) SWOT ANALYSIS: STRENGTH Brand name is the main strength of Fosters. Every alcohol consumer in whole world knows what Fosters is, in other word Fosters is internationally very well-known brand and Penfolds is one of the famous brand of Fosters in the market. Fosters has huge range of product such as beer, wine, spirits, cider, pre-mixed product and non alcoholic, with its differentiates group of interested Fosters tend to spread its awareness and now have acquired 30 different trademarks under its name. Fosters is the one of the largest companies which delivers its products and services to more than 150 countries. Exporting to so many countries is hard task but having an operative distribution channels gives strength. As exporting to more than 150 countries Fosters has retained strong turnover in current years with high market shares in comparison to its rivals. Growing at this rate, Fosters will soon acquire no. 1 position in alcohol industry. One of the key strengths of the Fosters is its differentiated price range. Having almost at all prices Fosters have targeted all segments of the market from medium class to premium class, anyone and everyone can enjoy Fosters product. (synodinou, 2003) Political issues are strongly affected marketing decisions.These include environment consists of laws, government agencies and pressure groups that influence and limit various organisations and individuals in given society (Kotler, et al, 2001:138). political environment are enjoyed at very early stage and its growing economy has enhanced business assurance over the last decade, leading to significant overseas investment.(refers to APPENDIX) The economic environment contains elements that affect consumer purchasing power and spending patterns (Kotler, et al, 2001:132). Current income, Consumption, Savings and Credit are buying strength of a human. GDP of Greece is à ¢Ã¢â‚¬Å¡Ã‚ ¬117 billion or à ¢Ã¢â‚¬Å¡Ã‚ ¬11.700 per occupant, which is ex.treme below average to European nations which in turns gives devolpment level weak. Economically, National level as well as on an individual level,they have a limited(weak)IST. Greece has entered the European Monetary Union (EMU) since January 2001, the actual flow of the common currency before one year, and this in turn affect profit by probably exchange rate, this indicate economical issues which diversify its exchange rate which are control its import and export activities (synodinou, 2003). WEAKNESS: The major weakness for fosters is that they have not lime lighted their other product as beer. Even today mostly everyone knows fosters name because of its very famous beer. Other product like wine, spirit is not encouraged well. The wine club and services of Fosters were not recently performed well, this cause negative impact on the profitability of its wine business. Fosters have very good name in the world but it still lack to get a position amongst international competitors as they mainly focused on brand building and marketing in latest years, Fosters lack brand names amongst its competitors such as EJ Gallos eponymous Californian wines. Fosters serve more than 150 countries but study shows that they have not determined on a particular market in recent year to export premium wines. (synodinou, 2003) OPPORTUNITIES: By evaluating the pestle framework (refer to appendix) of Foster the following opportunities were evaluated which are described as follows, refer to appendix: Although Fosters have certain weakness but they have lot prospects to cover all these weakness. As alcohol and food goes accurate on all the occasions. They can serve peanuts, nut etc. with the beer and make the combination to get bigger market share, so entering in food industry is main opportunity for Foster The wine intake in Greece is increasing in preceding years. Per capita feeding is 26 litres with 86% of the Greek people drinking wine 3.2 times per week. The character shows a big prospect to export the wine to Greece. Once the export of Penfolds is on youth stage the other opportunity for Fosters is to start shipping its other goods to Greece. This helps in increasing the gross revenue ratio and will capture the maximum market. Another opportunity for fosters is to create an awareness in health issues as research shows that red wine is good for health for ex.- improve coughs, low blood pressure etc, as making this an opportunity Fosters can promote their wine in Greece as Greeks are very health conscious. Greece is small wine producer. The local production is limited and the production cost is high, so Fosters can look for better exportation in Greece. Greek consumers take interest in imported wines. If the production goes higher then the whole setup will be developed in Greece and wine will be sold straight through Fosters retail where as 81% of wine imported into Greece is through wholesalers. Fosters Penfolds is good quality cabernet sauvignon wine where as it can be positioned between low prince and high quality. Penfolds can come in the range of middle price ranges products where anyone and everyone can buy the product. Wines are very economical in Greece. (RBrown, 2005) THREAT: By doing a competitive analysis of Foster with its competitors the following threat were evaluated:, Domaine Skouras, Emery S.A, Protopapas Winery, Minos cretan wines S.A, Santo greek wines. High rate of local rivals is the main threat of Fosters in Greece, fortunately the current production of wines in Greece is dropped but other players trying to make a position in the alcohol industry. Economy of the Greece is another main factor and the exchange rates which varies with the international act which straight affect the financial outcomes. In Greece, the entrance of new exporters can be a threat. As other companies from various countries can research on the market and can export products to Greece, a well-planned business strategy and plan can be very effective to overcome these threats. (Group, 2007) CONCLUSION: After all the analysis and the research it can be concluded that there are number of different area findings regarding fosters group to enter Greece market. The report is about macro environment factors of Greece. It also included the background of the Greece market. The report discusses the wine industry their major competitors and company analysis. Tools like SWOT analysis details the summary of Fosters strength weakness and analysis. This tool also helps in defining the advantages and disadvantages in entering the new market the new market. The major another part of the report is marketing strategies which cover all the information of the market selected and how fosters are going to enter into the market. In the last part of the forecasting and the profitability with the backup plan and how Fosters is going to monitor all this action plan. Hence it can be concluded that if fosters export Penfolds wine to Greece it will do extremely good and will increase the goodwill of Fosters in Greece. REFERENCES: Anon., n.d. Drinking in greece. [Online] Available at: http://www.greeklandscapes.com/travel/food_drinking.html. Fletcher, 2007. GMD euromonitor international. Group, f., 2007. global market information data base euromonitor. group, F., 2010. [Online] Available at: www.fostersgroup.com/about/overview.aspx. Ian Johnston, 2006. Relocating to greece. [Online] Available at: http://uk.businessesforsale.com/uk/relocating-to-greece.aspx. NARAYNAN, R.K., 2005. www.justgreece.org. greece travel guide. RBrown, 2005. GMD euromonitor international. Resnick, E., 2008. wine brand. palgrave macmillan. synodinou, D., 2003. Ag exporter.

Huckleberry Finn ( Huck Finn ) :: Essays Papers

Huck Finn IT would be most an hour yet till breakfast, so we left and struck down into the woods; because Tom said we got to have some light to see how to dig by, and a lantern makes too much, and might get us into trouble; what we must have was a lot of them rotten chunks that's called fox-fire, and just makes a soft kind of a glow when you lay them in a dark place. We fetched an armful and hid it in the weeds, and set down to rest, and Tom says, kind of dissatisfied: "Blame it, this whole thing is just as easy and awkward as it can be. And so it makes it so rotten difficult to get up a difficult plan. There ain't no watchman to be drugged -- now there ought to be a watchman. There ain't even a dog to give a sleeping-mixture to. And there's Jim chained by one leg, with a ten-foot chain, to the leg of his bed: why, all you got to do is to lift up the bedstead and slip off the chain. And Uncle Silas he trusts everybody; sends the key to the punkin-headed nigger, and don't send nobody to watch the nigger. Jim could a got out of that window-hole before this, only there wouldn't be no use trying to travel with a ten-foot chain on his leg. Why, drat it, Huck, it's the stupidest arrangement I ever see. You got to invent all the difficulties. Well, we can't help it; we got to do the best we can with the materials we've got. Anyhow, there's one thing -- there's more honor in getting him out through a lot of difficulties and dangers, where there warn't one of them furnished to you by the people who it was their duty to furnish them, and you had to contrive them all out of your own head. Now look at just that one thing of the lantern. When you come down to the cold facts, we simply got to let on that a lantern's resky. Why, we could work with a torchlight procession if we wanted to, I believe. Now, whilst I think of it, we got to hunt up something to make a saw out of the first chance we get." "What do we want of a saw? Huckleberry Finn ( Huck Finn ) :: Essays Papers Huck Finn IT would be most an hour yet till breakfast, so we left and struck down into the woods; because Tom said we got to have some light to see how to dig by, and a lantern makes too much, and might get us into trouble; what we must have was a lot of them rotten chunks that's called fox-fire, and just makes a soft kind of a glow when you lay them in a dark place. We fetched an armful and hid it in the weeds, and set down to rest, and Tom says, kind of dissatisfied: "Blame it, this whole thing is just as easy and awkward as it can be. And so it makes it so rotten difficult to get up a difficult plan. There ain't no watchman to be drugged -- now there ought to be a watchman. There ain't even a dog to give a sleeping-mixture to. And there's Jim chained by one leg, with a ten-foot chain, to the leg of his bed: why, all you got to do is to lift up the bedstead and slip off the chain. And Uncle Silas he trusts everybody; sends the key to the punkin-headed nigger, and don't send nobody to watch the nigger. Jim could a got out of that window-hole before this, only there wouldn't be no use trying to travel with a ten-foot chain on his leg. Why, drat it, Huck, it's the stupidest arrangement I ever see. You got to invent all the difficulties. Well, we can't help it; we got to do the best we can with the materials we've got. Anyhow, there's one thing -- there's more honor in getting him out through a lot of difficulties and dangers, where there warn't one of them furnished to you by the people who it was their duty to furnish them, and you had to contrive them all out of your own head. Now look at just that one thing of the lantern. When you come down to the cold facts, we simply got to let on that a lantern's resky. Why, we could work with a torchlight procession if we wanted to, I believe. Now, whilst I think of it, we got to hunt up something to make a saw out of the first chance we get." "What do we want of a saw?

Cell Phone in Life Essay

In modern life, cell phone is an indispensable tool to all people. To everyone, a cell phone is a magic tool, which is a mean of telecommunication, an entertainment device and a great work supporter. To me, I cannot imagine how I can live without my phone. The basic function of a cell phone is to connect people. We use our cell phones to communicate with the other ones. For example, we can talk to parents and send our love to them in a thousand mile away in a second. We can help people who are in an emergency with a finger. Or simply, we can gather our friends to hang out have fun with easy calls or texts. A cell phone is a magic tool, which can help us contact people only with a hand. Moreover, a cell phone is an excellent tool we need for our studying and business. At school, some applications of cell phone help us solving the problems in class. For example, we can record the lectures of professors in class and watch his lecture again at home in order to better understand the knowledge, or when applying knowledge, we can take some pictures in the lab class to observe our lab results better. At work, our cell phones can be a USB to store data, or a mini computer to send our report, and even a small portable computer to surf the Internet, which is essentially important to every businessman. A cell phone is vital to an entrepreneur or a student‘s career. Finally, another advantage of cell phones is to entertain. In our cell phones, we can store our favorite songs to listen to when feeling sad, videos and pictures of our beloved ones to view when we miss them, which makes us happier. We can also play games in our cell phones, helping us burning off stress and starting to feel happy again. Without cell phones, our life would be much less enjoyable. For instance, your best friend is upset about problems of her or his family. You can comfort her or him by your favorite songs, and then look for something fun, like game or funny video to relax. With a cell phone, we will never have to be sad for a long time. Today, everybody prepares himself or herself with a cell phone, like a vital thing in his or her modern life. As the cell phones are improved with advance functions, they will make our lives more convenient and comfortable. People are advised to equipped themselves with a cell phone to improve their lives.

Stanislaus Military Academy developmental model and plan

Stanislaus Military Academy developmental model and plan Problem Identification In organizations, development of models and plans facilitates the achievement of objectives through scientific approaches. Stanislaus Military Academy seeks to roll out a plan that will oversee the training of Marine Corps Junior Reserve Officers Training Corps (MCJROTC). Through the plan, the institution aspires to develop informed and outstanding citizens in cadets.Advertising We will write a custom proposal sample on Stanislaus Military Academy developmental model and plan specifically for you for only $16.05 $11/page Learn More The program also seeks to develop the trainee’s leadership skills by strengthening their character and comprehending the fundamental aspects of the national security. Through the training, the military academy will help in the formation of self-disciplined individuals who will not only be in a position to develop respect for the authority in a liberal society but also understand the factors that under pin the constituted authority in the American society. Stanislaus Military Academy faces challenges in implementing the program that will see the cadets receive the training in line with the articulations of the constitution. With its main objectives being to instill virtues of discipline, respect, courage, commitment and honor among the cadets, the organization has apparent challenges in the achievement of these ends. The institution should be in a position to conduct impeccable training by identifying the challenges and implement the proposed changes in the organization (Michael, DiPaola Wayne, 2008). Notwithstanding the problems that the organization is facing, it has been in a position to solve real problems affecting the youth by developing their skills and forming their character in line with the needs of the country and dynamic American society. Nonetheless, identification process and lack of consent by parents has been in the forefront in impeding the organization’s ability to adopt necessary changes. Therefore, the main problem affecting the organization is the apparent lack of responsiveness to the needs of the young people and society. Addressing the needs will lead to improvement in the training process and achievement of desirable outcomes. Research theories related to the problem From the outset, Stanislaus Military Academy is categorical that it does not aim at training the young people as an entry point to a military career. It recruits young people in 9th grade through 12th grade. The young people stand a chance to learn in an environment that has high-level discipline and that which emphasizes on character modeling and high academic performance. While we consider that that the institution is able to train cadets, it is a necessity that the academy be in a position to engage cadets in matters relating to training and have them understand the content and ways that the training can address their pertinent issues. To that end, it is imper ative to consider the cadets as active learners and not just mere recipients of the training content (Michael et al., 2008).Advertising Looking for proposal on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Involvement of young people and cadets in the training activities facilitates the achievement of objectives since they comprehend the expectations of the society, institution and the community. According to cognitive and learning theorists, it is of fundamental importance to ensure that learners comprehend what the trainers expect from them (Buchanan Huczynski, 2007). This draws them closer to the main theme of the learning, which in turn arouses curiosity for them to perform to the expectations of the training. Therefore, the institute ought to equip the potential cadets with information on the content of the program instead of introducing new methodologies to them upon enrollment. To equip the cadets with the information prior to the enrollment procedure, the organization ought to ensure it embraces changes to meet this demand. According to Buchanan Huczynski (2007), there is the need to enhance institutional responsiveness to the process of change. The rationale is that numerous people rarely accept changes and is upon the change agents to convince the stakeholders on the necessity of changes. In this respect, the staff at the military academy should be in a position to explain to all people that the changes that it is implementing are long overdue and are aimed at increasing the organization’s ability to achieve its goals (Michael et al., 2008). In addition, it is important for the change agents to expect resistance to change since many people have emotional attachment with the status quo. During the recruitment process of the cadets, the institute ought to be aware that the youths require cognitive development. This will enable them to attain professional progression and self-development. Michael et al. (2008) say that cadets’ skills development is largely dependent on the amount of time that the trainers use to develop the cadets’ academic needs. This allows them the ability to bring out innovation and creativity in dealing with life situations and particularly, in military academy. To achieve these ends, the academy should have measurable results and monitor the progress of the changes and objectives. Hoy Hoy (2009) argue that evaluation and monitoring approaches that assess the skills development among the cadets are appropriate in highlighting the ‘real’ achievement rather than theoretical comprehension of the skills. This will enhance the ability to make important real life decisions and attain problem-solving skills. Better still, the academy will be in a position to nurture a holistic individual who will not only suit the military but also in other careers.Advertising We will write a custom proposal sample on Stanislaus Military Academy developmental model and plan specifically for you for only $16.05 $11/page Learn More It is essential to design a learning context that depicts the aspirations and expectations of the society. The society constitutes a high-level stakeholder of the military academy and as such, it should influence the learning environment of the cadets. To achieve this ends, the institute ought to ensure that the content and the environment it designs should be in a position to solve problems and address community needs. Indeed, cognitive theorists argue that any learning experience ought to have the objective of solving problems and imparting suffice knowledge on the trainees (Hoy Hoy, 2009). Stanislaus Military Academy will therefore be in a position to have many community members of the county seeking to get training from the institute owing to improved ability of graduate cadets to solve community, social and personal problems. Stanislaus Militar y Academy should focus on challenges and embrace the appropriate corrections. This should start right from the recruitment and selection of potential cadets. Theorists assert that recruitment process is vital for identifying the right candidates for the position (Hoy Hoy, 2009). It should transcend the few aspects that are mandatory for qualification and pay focus to social background of the cadets. The rationale is that socialization process influence people differently and affects the patterns of interaction and knowledge acquisition. The Senior Military Instructor (SMI) ought to utilize the skills of recruitment in order to have a cohesive and an objective group of trainees who also share same goals and expectations. This should begin by informing them on what the program entails and what it may be able to solve both in the short term and in the long term. This will be a good start that the cadets can evaluate the importance of the program and consequently be able to manage thei r expectations. Measurable objectives related to the problem For a development plan to be effective, it ought to have measurable goals that will act as indicators of the progress or failure that organization has made. To assess the problems, there is also the need to assume empirical approaches to have the information on the current problems that the institute faces. First, the implementation of MCJROTC should be measurable through the responsiveness of the organization to the program. The instructors should be in a position to observe the differences that the students have made in terms of improving their leadership skills, respect, honor, courage, discipline and commitment.Advertising Looking for proposal on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Michael et al. (2008) point out that the comprehension of the content of the training is an indicator of the goals that the organization seeks to achieve. Hence, a needs analysis, implementation and evaluation of the program should be backed by sound research and problem identification process. Second, the organization should have a consistent method of measuring the achievement of its goal of enhancing responsiveness to the community needs and expectations. Through the implementation of the changes, the military academy should be in a position to assess the expectations of the community and design its training in line with the community needs (Buchanan Huczynski, 2007). This starts with assessing the community needs, which should reflect the training objectives. The rationale is that Stanislaus County has expectations of the academy to form characters within the society who will be able to steer development within the context of the community. It is imperative to ensure that the o rganization has a scientific method of measuring the levels to which the program has met the needs of the community and their expectations. Third, the organization ought to enhance its measurable objectives of ensuring that the organization is in line with its aspirations of recruiting young, motivated and informed cadets. The recruited cadets should meet the set criterion and ensure that the organization is able to achieve its goals of equipping them with the requisite leadership skills to mention but one aspect. ability to recruit cadets from secondary schools having the right attitude and basic requirement procedure should be a measurable indicator of the progress that the organization has made (Hoy Hoy, 2009). Besides, the level of suspensions of cadets also serves as an indicator of the underlying problem of recruitment. This is imperative in ensuring that the changes that the organization will be implementing will be evaluated in comparison with the goal. Participants and cha nge agents Any success in the process of change comes about owing to the ability of involving all stakeholders of the military academy. Buchanan Huczynski (2007) pinpoint that the most important participant in the process of organizational change will be the community. The community ought to provide the institute with a framework of the training program shaped by their expectations. This is in lieu of the fact the society will be in a position to evaluate the cadets after their graduation. The individual they see from the institute ought to be able to solve community problems and address the apparent needs in the community. The graduates should add value to the lives of other societal members after the training. They should also be in a position to take up leadership roles available in the community and exercise their skills to inspire change and development within the community. Second, the military academy should be able to involve all the internal stakeholders of the organizatio n in rallying them to embrace change. Organizations are able to achieve success by ensuring that the employees, instructors and the heads of the academy comprehend the need for organizational development that is only achievable through the change process. According to Hoy Hoy (2009), the internal stakeholders of an organization make up a group that has high influence on the implementation of changes. The ability to reduce the ever-present resistance to change reflects high skills of the change agents to institute new ways of operating. Further, it is important to involve all the cadets who are the primary beneficiaries of the military training. The organization should adopt alternative methods of imparting leadership skills on an individual and involve the trainees in the development of the content with an aim of achieving even more improved outcomes (Michael et al., 2008). The cadets ought to have full information regarding the objectives of the training and expectations of the in structors and the community. Lack of involvement of the cadets could result to impaired skills development and shift in the organization’s goals. Other stakeholders include both the federal and state governments whose influence is apparent. The military academy operates with the laws entrenched in the constitution and adopted by state authorities. Implementing far-reaching changes will therefore imply that the organization ought to be in line with the laws that govern the military training. Besides, the state and federal government remain the major oversight bodies mandated to ensure that the process of MCJROTC achieves the national goals and is in line with the government’s expectations. In addition, it is important to notice that the government formulates policies and rules that provides the schools with a framework to offer military training. Hoy Hoy (2009) say that the change agents should be wary of a plan that distances the academy from the goals of the federal and state governments. Finally, the change agents will include the instructors and heads of departments who have the mandate to inspire the process of change and improvement. Chester Thomson (2003) explain that the change agents should motivate others to work together to improve the outcomes of the academy. They should also be in a position to employ their leadership skills and styles to achieve the objective with success. Problem Diagnosis The current problem within the academy should draw inspiration from continuous process of evaluation and assessment. This implies that the organization should evaluate the achievement regularly and possibly after very semester. This is important since it provides a platform through which the change agents are able to make necessary changes and draw the academy closer to achievement of the goals. This is in terms of the implementation of training problem that helps the cadets to solve real life problems and improve the community welfare. The asse ssment process for the entire four years since the recruitment of the cadets should draw comparison from the current situation. The disparity that exists between the aspired position and the current situation ought to reduce as the implementation of the changes gains momentum. This is in terms of recruitment procedures, content development and adherence to regulatory bodies and frameworks (Chester Thomson, 2003). This will lead to amicable solutions to the apparent organizational needs and enhance improved outcomes. Another aspect of the problem deals with designing the objectives of the military academy to match the expectations of the community. The expectations of the community are that the military will be in a position to train young people and equip them with the necessary skills to become responsible, respectful and knowledgeable citizens. Deviation from these objectives should be a cause of alarm and should call for review of the outcomes envisaged by the academy. There sho uld be a distinction in character and behavior of the graduates of the military academy and conventional graduates. The graduates of the school ought to exercise their acquired skills for personal and community development (Michael et al., 2008). This should be the yardstick of evaluating other underlying problems exhibited in the organization. To that end, Stanislaus military academy ought to ensure that it strives to achieve this end to not only increase its reputation but also to provide the correct learning context that produces the desired behavior and character of the cadets. Procedure of solving problem At the outset, the organization should have a systematic way of resolving its outstanding issues. It ought to begin by getting a basic framework of understanding the expectations of the cadets and the community. Chester Thomson (2003) articulate that this is important since it helps the organization to design a change management process that addresses the issues raised by the stakeholders. If the stakeholders accent to the proposed move, Stanislaus should assume a strategy that coincides with the opinions, expectations and the desires of all stakeholders. Secondly, the explication of the ways in which the proposed changes will affect the employees should be a mandatory process for the plan to achieve its goals. This helps the change agents to explain the idea behind any change process and ways that the organization stands to benefit from it. This also reduces the risk of resistance to change which could challenge the implementation of the program. This is in light of the view that organization’s internal stakeholders such as the employees and instructors have familiarized themselves with the routine of operating and it may take time for them to internalize the proposed changes (Chester Thomson, 2003). Throughout this process, the change agents and leader should adopt appropriate leadership style typical of support and honesty. This is in additio n to keeping all the stakeholders informed on progress that the organization has made regarding the changes. Third, the organization should begin the implementation process where the review of the training content and manuals ought to begin. The academy should also upgrade the skills of the existing employees and instructors to suit the current training needs exhibited by the cadets. The implementation phase may seem to be the most difficult stage of initiating change since practical changes begins to appear within the processes of the academy (Hoy Hoy, 2009). Besides, it may lead to changes in skills development and other aspects of the employees who had familiarized themselves with the conventional routines, roles and duties. Monitoring and evaluation is important to enhance the measurement of the objectives and the outcomes of the process of change (Michael et al., 2008). This continuous process utilizes scientific models and approach to analyze and interpret the change outcomes . Evaluating the gains and losses that the organization may have made is critical to appraise the change. This way, the organization is able to understand the effect of the changes and make possible changes where necessary. References Buchanan, D. Huczynski, A. (2007). Organizational Behavior. London: Prentice Hall. Chester, B. Thomson, K. (2003). Organization and Management. New York: McGraw Hill Publishers. Hoy, A., Hoy, W. (2009). Instructional Leadership: A Research-Based Guide to Learning in Schools. Boston, MA: Pearson Education, Inc. Michael, F., DiPaola, M. Wayne K. (2008). Principals improving instruction: supervision, evaluation, and professional development. Mason OH: Pearson/Allyn and Bacon.

Qwswd Essays - Personality Traits, Positive Psychology, Free Essays

Qwswd Essays - Personality Traits, Positive Psychology, Free Essays Qwswd * Emotional Intelligence (EI) (text p. 300) = 1. knowing and managing one?s emotions 3. maintaining satisfying relationships 2. empathizing with others * EI abilities characterize people who excel in life: 1. self-awareness 2. impulse control 3. persistence 4. zeal 5. empathy 6. social deftness * Your Emotional Intelligence: 1. how would you rate it overall? 2. what items (above ) are you good at? which do you need to work on? I believe that I am good at self-awareness because it is having a clear perception of my personality like my strengths, weakness, motivations and emotions. It also allows me to understand other people. It is a first step in creating what I want and my emotions and behavior determine where I go in life. It is developed through practices in focusing my attention on the details of my personality and behavior. I know my strength is my family and it can lead me to the path of success. It is a solid understanding how we relate to the others and ourselves. I also look at my past issue that I have had with people and be honest with myself. I think I need to work on self-motivation. I always see myself motivated by someone else. Q2: Happiness * People have rated their happiness in terms of how good they feel about their lives (p. 306) * How happy do 2 significant others in your life seem with their lives? Why? * What would make you happier with your life, and what are you doing to make it happen? I believe to make someone else happy in life is more important; the only way that we can really do so is by being ourselves and making ourselves happy. It is the most important feeling. It can be found in many different ways. If we think positive then we can live happy. If we are physically active this may also give us happiness and having money is also reason of happiness because we can fulfill our dreams with money. Like when I visited to India last year I was walking on the road and I saw one poor guy didn?t had anything to eat and his clothes were ripped off too. I had felt bad about it because it was too cold outside. What I did I took him to my house and gave him one of my pants, shirt and jacket along with shoes so he could stay warm. That really had made me happy. Q3: Trait Personality Theories * Take the Big 5 Trait Test at outofservice.com/bigfive/ (link in Webliography) * What are your results (summarize, don?t reproduce)? Is it accurate? Why or why not? * Are trait tests a good way to measure personality? Why or why not? Openness to experience: I would say that I got 20% in this because I am not creative, flexible and adventurous. Conscientiousness: I would say that I got 92% in this because Conscientiousness is trait of being careful. It includes self-discipline, carefulness, organization and need for achievement. Extraversion: I got 70% in this because I like getting my energy from different activities. I get excited when I am around other people and I like to energize them too. Agreeableness: I got 93% in this because I can get along with everyone. I like to help everyone and I forgive people easily. Neuroticism: I got 1% because I really don?t get nervous easily. I remain calm in every situation. I would say yes it is a good way to measure personality because in this way we can find our level of personalities and I think most of time it is accurate. If we start testing ourselves often then we will find where we at and what area we need to work on. Q4: Other Personality Theories * Read Chapter 12: ?Personality,? pp. 320-29. * Explain 3 things you learned about yourself from these personality theories: - Freud (pp. 320-23), Adler (324), Horney (325), Rogers (327-8), Maslow (328-9) 1.I have learned about how to deal with my situation. I have to be brave to able to deal with problems. 2.All human have need to feel respected it includes the need to have self esteem and self respect. 3.If you feel

William Faulkner essays

William Faulkner essays Many great writers are criticized about the way they write there: novels, poems, essays, etc. Even some of the skilled writers are criticized, William Faulkner was a great writer that wrote several novels but was not criticized that much about the way he wrote. Although Faulkner was very creative in writing his novels and essays he still had various flaws which were sometimes criticized by critics. Before Faulkner won the Nobel Prize in 1950, Faulkner was generally considered by most critics as a minor regionalist and something of a crackpot.(William...). At the time he was really poor and most of his books were out of print. William Faulkner was a young man who never graduated high school, never received a college degree, and was living at the time in the poorest state in the nation. He worked as a screen writer in Hollywood but was known for his drinking binges which affected his health, writings, and relationships with his friends and family. Some of Faulkners best works were: As I Lay Dying, The Sound and the Fury, Light in August, Absalom,Absolom!, and Go Down Moses. Most of Faulkners early writings were romantic, but once he moved to New Orleans he became more popular and began writing several essays and novels. After he finished writing his first novel, Soldiers Pay, he published it and decided to move near Paris, France. Faulkner was mainly influenced be the observations he would take, and experiences of life in the South. Because of the fact that Faulkner grew up in the South being exposed to harsh racism, he witnessed how the blacks were being discriminated against. I believe Faulkner wrote about the South in several of his stories because he was affected greatly by all the racism going on. Growing up around racism, made him write about it in some of his stories, which many people disliked, because he would show racism in his stories. ...

SHORT written assignment Essay Example | Topics and Well Written Essays - 250 words

SHORT written assignment - Essay Example stolen and used to commit unauthorized and illegal transactions, with a credit card information theft through hacking of credit card companies’ data banks and servers (Elms, LaPrade & Maurer, 2008). Hacking tools include viruses, worms, bugs that are used as conduits or mediums that facilitate hacking activities. Viruses are specific pieces of software, command sequences and series of data that exploit a glitch, bug or vulnerability to propagate and proliferate in a computer, network or system (Furnell & Warren, 1999). An example of a virus is the ‘exploit’ which causes unanticipated or unintended events to occur in a computer’s operating system or application in the process of propagating itself within a computer’s system (Elms, LaPrade & Maurer, 2008). The exploit virus grants a hacker unlimited access to a computer beyond what can be granted by the system administrator. The ‘exploit’ virus works through a network security vulnerability or hole, thus giving a hacker unlimited access and control over the computer’s system (Cobanoglu & Demicco, 2007). Failure to run diagnostic scans ad installation of anti-virus software exposes a computer system to numerous threats to threats from within and without a system (Mourani, 2002). Tools used in hacking do not only result to software damage, but they also lead to hardware damage over exposure in extended periods of time. The installation of strong and vigilant anti-virus software is the best protection against malware and hacking tools deployed by malicious

Computer R us case study Assignment Example | Topics and Well Written Essays - 1500 words

Computer R us case study - Assignment Example siness in particular the Computer R Us where as the customer satisfaction deals with the experience of the customer who use the products provided by Computer R Us and services of Complete Care. The division of Computer R us (Complete Care) is recently facing some issues that results in customer dissatisfaction and therefore will lead to an impact on the satisfaction of the customers of Computer R Us that will result is loss of revenues. It is important for the company to take proper measures to adopt effectiveness wit in the operations that will result in customer satisfaction and hence the company will earn above average returns and customer loyalty. The research is quantitative in nature; the tools that will be used are the descriptive analysis, cross tabulation, questionnaire and regression analysis. The research approach is deductive and the analysis method would be running tests on SPSS (statistical analysis tool). Descriptive statistics provides with a descriptive coefficients that are brief, these summarize the given data; these coefficients can either be representation of the defined population or the sample used in the research. The determinants describe the central tendency and the measures of changes/variability or dispersion of the data. The descriptive analysis will give the idea of the means standard deviation of different variables/statistics used in the questionnaire and regression analysis. Cross tabulation is used to identify and compare the relationship between two variables. The cross tabulation will depict the variations of different responses with regards to the frequencies and year of association of customers with the company (Computer R Us). The questionnaire is designed in a way that all the important elements of customer satisfaction and effectiveness of services are covered. The identified elements of Customer Satisfaction selected are: The customer perceived image of the product and service is important. The customer’s

Writing your journal Assignment Example | Topics and Well Written Essays - 750 words

Writing your journal - Assignment Example These determinants vary from place to place and different environments. The culture can be thought of as an iceberg model whose little part is visible but the details are hidden from those who are not experiencing the local culture on the ground. The culture can never be acquired completely unless experiences first hand. This journal is the explanation of the personal experiences of my learning of a different culture from where I lived my life. The journal follows the ODIS (observe, describe, interpret, suspend) model of analysis. I was in born in Denver, Colorado and attended George Washington High School. I have been fond of visiting different countries and localities for making research about interesting people and places. Cultural differences and ethic aberration has always been a topic of my interest. Studying and having a deep insight on the Chinese culture has always been my dream. On getting an appropriate chance I went to Beijing for seven days for an event in China Universi ty of Geosciences. I got immense exposure to the rich Chinese culture and chances to learn the minute details for the local culture about which I had been making up to my mind and opinions base upon the internet research and stories. I met different people and delegates and I saw the Chinese interactions in every walk of life. From industrial perspective to the personal life scenarios, I observed every kind of cultural themes of the Chinese people. Most of the experiences were totally new for me and many were the conformations of the past theories about which I have made up in my mind by hearing different people. I observed that most of the Chinese culture still acquires their values from the text book code of ethics of Confucianism and Taoism. People are extremely dedicated to work and there are absolutely no compromises when it comes to day to day work and professionalism, a part from it, there is a lot more entertainment in these days as far as Beijing in concerned but I heard fr om the local people that the life is much boring in different cities outside Beijing. People are acutely and drastically hospitable and we felt absolutely no discomfort while staying at different hotels. Students and other people around the city spoke and understood English and it was to my utter surprise. Food was not very good because the American food have some spics and taste whereas I found the Chinese people extra sensitive about the health and this they do not use any kind of spice and extra salt in their food. The arts and music domain is also becoming rich and there are numerous art clubs there. Xun (Ocarina-type instrument that is also an integral part in Native American cultures) and Guzhend are the integral parts of the Chinese music in the modern China. My interpretation of the observations is that the Chinese have awakened from a deep and long slumber and after the gigantic and long lasting Chinese revolution, the value and cultural sticking to the Confucianism is much stronger than before. The main reason behind the fact that Chinese people adhere to the cultural values given by their elders is that they know the gravity of the situation and perspectives which played key role in the development of modern china. As far as American culture is concerned, the culture is not much rich here because there is not specific bindings and code of ethics rather the culture is far more dynamic and dense in the subject matter. The music of America is somewhat more interesting that China and I did not like the music of China. The hospitality is the integral and primary part of the Chinese culture and my perception is that it is also because of the communism revolution and industrial richness. The Chinese managed to get vast foreign investments after the revolution and

Managerial Economics Individual Work wk1 Essay Example | Topics and Well Written Essays - 750 words

Managerial Economics Individual Work wk1 - Essay Example Some of these are discussed below: Scarcity is the excess of human wants over the resources he holds (Devlin, 2014). As the resources available to the world are limited while wants are unlimited, therefore we say that the resources are scarce in relation to human wants. Opportunity cost means trade-off of one desire for the choice of another. Since resources are scarce compared to human wants, every person needs to make choice of what he should purchase with his limited resources (ICAP, 2013). It is not possible for a person to buy everything with his resources. Hence if a person has two choices of buying a burger or some bread and he chooses to buy a burger, then the amount of bread he ignored for that burger is the opportunity cost of that burger. It shows those economic activities in which income earned by one factor is the expense of the other factor (Hirschey, 2008). For example, in a commercial organization, labor provides factor services and in return the organization pays the labor wages. These wages are income for the labor whereas expense for the organization. Market efficiency is directly related to property ownership. It may be explained as whenever there is a factor of property ownership in a specific region, there will be economic stability which will then lead to efficient markets. Let us take the example of America where property ownership is not very difficult. For this reason, the people in that region, after ownership of the property, look towards further investments in the region. It is a well-known fact that where investment increases, markets get more and more competitive leading to market efficiency. Illegal immigration means moving or living in a country without its citizenship or legal visa of the country. In almost all the countries of our world, illegal immigration is strictly prohibited. These countries quickly deport such immigrants as soon as they

Database Systems Concepts Essay Example | Topics and Well Written Essays - 750 words - 2

Database Systems Concepts - Essay Example In addition, RAM is usually much smaller in size, about two to three orders of magnitude being frequent. (A rig that I know of has 8 Gigs of RAM and 2 terabytes of hard drive space, and the owner has room to expand to over 5 terabytes, which is roughly a three order of magnitude difference). Scheduling is almost entirely unnecessary. There is a need to compare the RAM disk and the main memory disk-cache, but this doesn't affect the choice of a scheduling algorithm for the hard drive because they are totally different systems and because scheduling on the RAM disk is only looking for buffer cache misses not main memory requests. Hard-disk scheduling considerations are totally different. Hard disks are much larger and they are not read constantly, and the head positioning must jump in order to handle different reads. The file system does store recently used blocks in a buffer cache in main memory, but this is only a partial time-saving maneuver. Caches have finite sizes and need to be purged constantly; in any respect, no one sticks to only a few things in cache. They are constantly opening up new pages, documents and programs, which requires accessing different parts of the disk. This means that scheduling for hard-disk use is at a premium: Indeed, one of the main slowing forces in Moore's Law exponentiation is the relatively anemic growth of hard-drive scanning speeds versus the memory size of hard drives. Different hard disk scheduling regimes have different benefits. When designing a scheduling algorithm, it is important to bear in mind parameters of functionality. These include power consumption, throughput, response time, flexibility for the end-user, and other factors. Again, the cache can only do so much in mitigating these problems, so the choice of how to approach hard disk scheduling has many inherent tradeoffs. One approach is FCFS, or First Come First Served. In this algorithm, operations are conducted in the order requested. This is very simple and elegant in many ways. However, the problem is that not all functions are made equal: Some functions, like Ctrl-Alt-Delete on a Windows computer or dealing with security threats, need to be scanned first. FCFS therefore doesn't have the costs of reordering the work queue, but it doesn't have the benefits either. FCFS cannot have starvation: Every request is serviced. But the performance is poor: It doesn't distinguish between the importance of needs, nor does it have any smart geography. If a end user wants to run six programs from every different side of the disk, FCFS will go in order, crossing immense redundant space and thus leading to slowdown. SSTF, on the other hand, prioritizes geography of the desk. It goes to the closest location on the disk first, no matter what. Again, this has the problem that there is no discrimination for important tasks. Scan time is reduced, but starvation is possible: The head could stay in one sector of the disk for too long if too many requests co me in. Direction switches also slow things down. SCAN goes from the outside to inside then the inside to outside. This has the advantage of being a uniform pattern and reducing variance, but it does lead to a lot of unnecessary scans (though not more scan time) which can be a power consumption issue. LOOK is a bit smarter: It stops going a direction where no requests exist. C-SCAN and C-LOOK use cylinders instead of a simple directional approach. This has the adv

Korea culture Essay Example | Topics and Well Written Essays - 1000 words

Korea culture - Essay Example In relation to music, Korean pop (K-Pop) is arguably the closest and greatest integration of the Korean culture. K-Pop music started around 1885 with the settlement of missionaries that taught a mixture of American and British folk songs to Koreans. However, the songs were sung in Korean lyrics implying that K-Pop is an integration of Western melodies sang in Korean. However, at this time the name K-Pop was not used as in the modern day and the music was commonly referred to as ‘changga’. In the later years during the Japanese rule, K-Pop was used as a mode of expression mainly targeting the oppression of the Japanese rule. For example, the song ‘Huimangga’, meaning the Song of Hope, was quite popular during this period. However, the rapid advancement of K-Pop was derailed by confiscation of the existing K-Pop records such as lyrics books. Nonetheless, there were some developments such as composition of songs that were a mixture of Korean traditional songs a nd gospel music taught by the missionaries. After the liberation of Korea from the Japanese rule in 1945, Korea was divided into two with major western settlements such as US troops focusing mainly on South Korea. During this time musicians like Marilyn Monroe took some performances to South Korea where there was further integration of Korean and Western music. This saw the rise of new Korean musicians such as ‘The Kim Sisters’ thereby increasing spread of K-Pop to different parts of the world. In 1970s there was increased focus on the younger generation such as in Universities. The younger generation was heavily influenced by the Western culture leading to a transformation of K-Pop following incorporation of guitars and the American hippie fashion style. In the 1990s K-Pop musicians such as ‘Seo Taiji and Boys’ adopted some aspects of the like rap, rock, and techno from the American music

Managerial Economics Individual Work wk1 Essay Example | Topics and Well Written Essays - 750 words

Managerial Economics Individual Work wk1 - Essay Example Some of these are discussed below: Scarcity is the excess of human wants over the resources he holds (Devlin, 2014). As the resources available to the world are limited while wants are unlimited, therefore we say that the resources are scarce in relation to human wants. Opportunity cost means trade-off of one desire for the choice of another. Since resources are scarce compared to human wants, every person needs to make choice of what he should purchase with his limited resources (ICAP, 2013). It is not possible for a person to buy everything with his resources. Hence if a person has two choices of buying a burger or some bread and he chooses to buy a burger, then the amount of bread he ignored for that burger is the opportunity cost of that burger. It shows those economic activities in which income earned by one factor is the expense of the other factor (Hirschey, 2008). For example, in a commercial organization, labor provides factor services and in return the organization pays the labor wages. These wages are income for the labor whereas expense for the organization. Market efficiency is directly related to property ownership. It may be explained as whenever there is a factor of property ownership in a specific region, there will be economic stability which will then lead to efficient markets. Let us take the example of America where property ownership is not very difficult. For this reason, the people in that region, after ownership of the property, look towards further investments in the region. It is a well-known fact that where investment increases, markets get more and more competitive leading to market efficiency. Illegal immigration means moving or living in a country without its citizenship or legal visa of the country. In almost all the countries of our world, illegal immigration is strictly prohibited. These countries quickly deport such immigrants as soon as they

Korea culture Essay Example | Topics and Well Written Essays - 1000 words

Korea culture - Essay Example In relation to music, Korean pop (K-Pop) is arguably the closest and greatest integration of the Korean culture. K-Pop music started around 1885 with the settlement of missionaries that taught a mixture of American and British folk songs to Koreans. However, the songs were sung in Korean lyrics implying that K-Pop is an integration of Western melodies sang in Korean. However, at this time the name K-Pop was not used as in the modern day and the music was commonly referred to as ‘changga’. In the later years during the Japanese rule, K-Pop was used as a mode of expression mainly targeting the oppression of the Japanese rule. For example, the song ‘Huimangga’, meaning the Song of Hope, was quite popular during this period. However, the rapid advancement of K-Pop was derailed by confiscation of the existing K-Pop records such as lyrics books. Nonetheless, there were some developments such as composition of songs that were a mixture of Korean traditional songs a nd gospel music taught by the missionaries. After the liberation of Korea from the Japanese rule in 1945, Korea was divided into two with major western settlements such as US troops focusing mainly on South Korea. During this time musicians like Marilyn Monroe took some performances to South Korea where there was further integration of Korean and Western music. This saw the rise of new Korean musicians such as ‘The Kim Sisters’ thereby increasing spread of K-Pop to different parts of the world. In 1970s there was increased focus on the younger generation such as in Universities. The younger generation was heavily influenced by the Western culture leading to a transformation of K-Pop following incorporation of guitars and the American hippie fashion style. In the 1990s K-Pop musicians such as ‘Seo Taiji and Boys’ adopted some aspects of the like rap, rock, and techno from the American music

The marketing environment audit Essay Example for Free

The marketing environment audit Essay Brisk innovation and globalization have produced great opportunities and alternatives in the marketplace for consumers and business organizations alike. Competitive demands have led to sourcing and manufacturing on a global scale, resulting in a significant rise in product offerings. As businesses grow more multifaceted, so as their supply chains. This paper will attempt to describe Dells supply chain as one of the most successful and leading supply chain in the personal computer industry, including its processes and material flow. Comparison and contrast with its competitors, recommendations for process improvement and its ethical considerations will be discussed. Existing Supply Chain Process Dells business concept based on direct-sales and build- to-order has achieved superior performance in the PC industry in terms of inventory turnover, reduced overhead, cash conversion and return on investment. Building PC to order means that Dell must have parts and components on hand to build a wide array of possible configurations with little advance notice. In order to fill orders quickly, Dell must have an excellent manufacturing and logistics capabilities supported by information systems that enable it to substitute information for inventory. Order? taking The supply chain process begins when orders come in, mostly from internet/intranet (90%) using the built-to-order model. Integrated with direct to consumer, the system allows consumers to decide what features are needed for their computers before product manufacturing is completed. Dell offer standard models configured by the customers themselves as they generate the orders. It is called built-to-order as opposed to built- to-stock that requires inventory. Built-to-order significantly lowers financing costs and increases customer satisfaction for Dells chosen market segment. Dell records an order, clears credit (as they take no chances) and Demograpic the competitive rivalry that exists in the PC market globally become one of the threaths to dell’s company. There are some actions that have been taken by dell’s company to respond to the demographic’s developments and trends , such as innovation approach, technology initiatives, flobal product development,etc. Economics The computer industry expects a growth of approximately ten percent over the next years. 5 This growth is influenced by the economic situation in a specific country, having an impact on the purchasing power of potential customers. Additionally, changing inflation rates and currency fluctuation also determine the profitability of a company. To respond to the economic development, dell is making and selling low cost , low price computers to PC retailers. Dell is the world’s largest PC maker. For the last couple years, it has held its position as market leader. Environmental Dell led firms in the computing sector, Dell scored particularly well in renewable energy use , recycling, and its integration of a sustainability strategy in its business. Moreover, Dell sources about 35 percent of its U. S energy use from green power and app. 20 % globally, and its offers free computer recycling to consumer world wide. Technological There is hardly any industry that is characterised by a faster technological development than the computer industry. Increased Research Development have caused permanent innovation processes which lead to short product life cycles resulting in a faster depreciation of the products Politic and legal Political factors include government regulations and legal issues determining the conditions under which companies have to operate. In this field, the computer industry has to face certain restraints. Problems can arise in countries where political stability is not guaranteed, no matter whether companies operate production facilities or if they do business with that country through exports. Many countries still have restrictive policies which are maintained to protect domestic manufacturers and production. Such policies often hinder foreign companies from entering into these markets. The only possibility to do business in those countries is to establish partnerships with local companies, where they are additionally forced to accept minority shares and to provide money and technological know-how. However, the computer industry sees great potential in those countries which loose their restrictions. 4 This is especially true for China which has opened for many industries since its accession to the WTO in 2001. In the course of globalisation trade barriers decline and new markets emerge, allowing free trade to expand. Cultural and social The national demand for computers is dependent on the educational level prevailing in a specific country. The higher the educational standard, the higher is the demand. Furthermore, computers get more and more involved in daily life. Today, children already get familiar with the use of computers at a very young age, representing a generation that will hardly live and work without a computer in the future. Additionally, the brand image of a computer and lifestyle trends get more and more decisive for the purchasing decision. The computer industry adapts to this trend, e. g. by offering a wider range of notebooks and by trying to create a strong brand name. For Dell’s company, this lifestyle can give benefits for them. There are some respon of the Dell’s company to factors in the micro environment. I’ll explain it in this paragraph. Firstly, the market for laptop computers has distinguished its self as the fastest growing segment in the computer industry. Throught out its growth and development,this market, like many others , has changed a great deal as a result of customers demands. In an effort to carter to these demands, the company like dell look to market trends to aid to the development of new products. In its most recent stages, the laptop has been specifically influenced by an number trends. Secondly, customers are becoming more educated about their purchase so dell believe in creating loyal customers by providing a superior experience at a great value. Dell are committed to direct relationships, providing the best products and services based on standards-based technology, and outperforming the competition with value and a superior customer experience. Besides, there are many competitors that must be looked by dell’s company. Therefore, to response to the markets, customers, competitors , distribution and dealers, and supplier and facilitators, Dell’s company use direct strategy which selling low cost , low price computers to PC retailers.

How To Tame A Wild Tongue English Language Essay

How To Tame A Wild Tongue English Language Essay How to Tame a Wild Tongue is a chapter from the book titled Borderlands/La Frontera: The New Mestiza written by the author, Gloria E. Anzaldua. In this chapter the writer talks about her Chicana life in a time full of immigration controversies where Latinos living in the United States struggled to find their national identity and a language to speak freely without shame and fear. Hispanic immigrants or Hispanics born in the United States are mentally tortured by the dominant English language and culture into changing into something that is neither English nor Spanish but a mixture of both. Anzaldà ºa targets Chicano readers who share her experience in finding a clear identity and American readers as well in order to better understand Chicano life. In the title Gloria Anzaldà ºa chose for this chapter in her book, is a title that does not make much sense at first sight but as the reader beings to read the first few paragraphs, he realises that the meaning of the title is how to change a persons language and way of speaking, such as accent, on an immigrant population. In this case it would be the authors own experiences and her maternal language Spanish or to be more precise, Chicano Spanish. As the reader continues reading, he discovers that forcing someone to only speak another language is near to impossible. Anzaldà ºa showed strong opposition by talking in Spanish with her friends: My home tongues are the languages I speak with my sister and brothers, with my friends. They are the last five listed, with 6 and 7 being closest to my heart. (56) She loved speaking Spanish and wanted at least her name to be spoken and heard in Spanish but instead she remembers being sent to the corner of the classroom for talking back to the A nglo teacher when all I was trying to do was tell her how to pronounce my name. If you want to be American, speak American. If you dont like it, go back to Mexico where you belong.(53). Anzaldà ºa is showing defiance by not wanting to let go of her maternal language. She is proving the futility in changing ones language and speaking patterns by switching back and forth between Spanish and English. When a teacher would catch her speak Spanish at school she would be punished by that teacher. I remember being caught speaking Spanish at recess that was good for three licks on the knuckles with a sharp ruler. (53). She was accused of talking back to a teacher when all she did was giving an explanation. I remember being sent to the corner of the classroom for talking back to the Anglo teacher when all I was trying to do was tell her how to pronounce my name. (53). A society such as the one described in Gloria Anzaldà ºas How to Tame a Wild Tongue cannot be easily influenced or changed if that society is still living in their territory or close to it. It is in this type of settings that futility manifests the most. On the other hand, once a society or group of individua ls are taken away from their territory they will, unknowingly, become heavily influenced if not entirely changed when it comes to their language, culture and history no matter how proud they are. In her book, the author discusses the cultural and gendered impacts of the language itself. From an early age girls are taught not to talk too much, not to talk back and not to ask questions. In Northern parts of Mexico and Southern most parts of the United States, the female plural in Spanish is excluded from the language, leaving women fall under the masculine plural. Many Latinos and Latinas think people living in these parts of the world are ruining the Spanish language by letting yourself influenced by the English language. You are being criticised for learning or speaking English, the language of the oppressors, thus being treated as a traitor by your own people. Pocho, cultural traitor, youre speaking the oppressors language by speaking English, youre ruining the Spanish language, I have been accused by various Latinos and Latinas. Chicano Spanish is considered by the purist and by most Latinos deficient, a mutilation of Spanish. (55). In this chapter, Anzaldà ºa discusses some examples of how the Spanish language changed and evolved in this part of the world since the first Spanish colonisations began in the region. A combination of different languages, Spanish, English and native American sounds and words were combined to develop into the present day Chicano Spanish. But because of these combinations, the language was viewed as a bastard form which is neither Standard Spanish nor Standard English. It was considered by other Hispanics that the language was of poorer quality and thus caused Chicanas and Chicanos to feel uncomfortable in expressing themselves. Anzaldà ºa sees this as something that needs to be changed. The attack on the Chicanos native language needs to be stopped because If a person, Chicana or Latina has a low estimation of my native tongue, she also has a low estimation of me. (58). The author states that language is part of ethnic identity and should be something you can find pride in if women hope to improve their self-estimation. Ethnic identity is twin skin to linguistic identity I am my language. Until I can take pride in my language, I cannot take pride in myself. (59). Closing to the end of the chapter, the author discusses the language in terms of learning what it is incorporated within oneself. Through Chicano literature, such as books and poetry, through Mexican movies, such as Nosotros los pobres, the first real Mexican movie (60), and music, Chicanos felt a sense of belonging. It is an expression of their language and thus an expression of them. With these works, the Mexican people get an external reinforcement of their heritage and culture. Anzaldà ºa discusses that on the border, the language is getting forgotten. Living in the lands between America and Mexico seems to be a place of confusion, of separation of not knowing to which side you belong. Nosotros los Chicanos straddle the borderlands. On one side of us, we are constantly exposed to the Spanish of the Mexicans, on the other side we hear the Anglos incessant clamouring so that we forget our language. (62). However, Anzaldà ºa states that deep down in their hearts, being Mexican is not about where you live or where were you born. It is not in your mind but in your soul. Around the border, conflict and confusion is strong but as Anzaldà ºa states, her people have been patient and hope that one day the conflict and confusion will end. In the meantime, the Mexican people will survive as they always had. In coclusion, Gloria E. Anzaldà ºas story of How to Tame a Wild Tongue proved to be a convincing argument because she is the voice of the Chicano people living on both sides of the border. She narrates from her own experience of being a Chicana living in the United States where all the pressure of forgetting her language was put on her shoulders for many years. Anzaldà ºas writing style is very poetic and moving and chose to use a lot of imagery to impress her readers and also to let Non-Latin American people learn more about the life of Chicanos which is known so little about to an outsider. Work Cited Anzaldua, Gloria. Borderlands La Frontera. San Francisco : Aunt Lute Books, 1987

Napoleon :: European Europe History

Napoleon Nationalism is the devotion of people to the interests of its nation or the love of one's country to stay independent. Nationalism played a major role in the downfall of Napoleon in that he wanted an empire and his opponent's wanted independence. As Napoleon was conquering lands and creating a vast empire his troops stressed in the far lands that they conquered life, liberty and equality. Although Napoleon did not realize, it triggered nationalistic feelings among the conquered nations. Spain, who was an ally of France, disobeyed Napoleon's decree. Then in 1808 Napoleon overthrew the Spanish royal family and made his brother Joseph king of Spain. However, everything that Napoleon did such as put in a foreign ruler, take away noble privileges offended Spanish pride and created nationalistic feelings. The people of Spain revolted in 1808. The French troops stopped the riots, but the nationalistic spirit was not lost. For the next five years, there was warfare in Spain. British troops came to aid Spain. This led to the defeat of Joseph, death of thousands of French troops and it inspired patriots and nationalists of other lands to resist Napoleon. This war between 1808 and 1813 is called The Peninsular War. In Germany, anti-French feelings broke out. However, the French invasions carried German nationalism beyond the small ranks of writers. In 1807, writers attacked French occupation of Germany. This nationalistic feeling spread to the Prussians. In 1806, the Prussians were defeated by the French troops. To drive the French out of Prussia there would have to be a spirit of cooperation and loyalty. To accomplish this there would have to be social and political reforms. A reformer said that if social abuses were eliminated the Prussians could fight with national honor. Military reforms improved the Prussian army. In the War of Liberation (1813), the soldiers showed great feelings of patriotism and nationalism. Afterwards, the French were driven out of Prussia. Russia, who was an ally of France, went against the word of Napoleon, So Napoleon decided to invade Russia. Napoleon's Grand Army had 700,000 people in it. Most of soldiers were not French and did not care for the war. In 1812 when Napoleon began the invasion, Russia retreated. As they were retreating, they burned all crops, which were valuable. When Napoleon reached Moscow, the Russians burned the city. Even worse, the winter was in a few months. The Russians also destroyed the food supply of Napoleon.

Slaverys Coexistence with Other Economic Systems :: A Respectable Trade Capitalism Slavery Essays

Slavery's Coexistence with Other Economic Systems Slavery as economic order based on the ownership and exploitation of human beings as property is widely covered in A Respectable Trade. The film, however, does not solely reveal slavery and its characteristics. It is a film rich in reference to other economical orders as well, because besides elaborately showing from different aspects the processes typical for the establishment of slavery, it touches on and gives examples on economic relationships that are rather characterized as capitalist, feudal or self-employment-related. The action in A Respectable Trade takes place in 1788 in the English city of Bristol, starting with the marriage between Frances Scott and Josiah Cole. Frances, an educated and refined young woman of genteel origin, is left poor and with no inheritance after the death of her father. For lack of a better alternative, she marries the rough and uneducated Josiah who trades with ships, led by the motive to import slaves directly to England, have them educated and polished by his wife, and sell them as house servants at a better price . Josiah is far from successful in his trade: he only manages to import eight slaves and eventually to sell only two of them. However, this is enough to elucidate the main characteristics of slavery as an economic order. The arrival of his slaves, the process of educating them and their final escape represent a peculiar slavery-cycle that elaborates on important economic issues such as the slaves' status, the creation of subservient attitude in them (or at l east the attempt to), the strategies of breaking up their independent spirits, and their resistance. A typical characteristic of slavery is that slaves are considered just another element of the productive resources. They are regarded as property, as chattel, and can be freely sold as such. Never considered human beings with consciousness and will, slaves are often described with the term 'instrumentum vocale', meaning that they are seen just as instruments capable of producing human speech. Naturally, like any human beings, slaves have a consciousness of free and independent people, and it takes time and effort to impose on them an attitude of subservience and obedience, a consciousness of being no longer human beings but enslaved pieces of property. In A Respectable Trade that is achieved in several different ways. Firstly, the slaves are imported by ships to England - extremely far from their homeland, especially in the context of the 18th century. Slavery's Coexistence with Other Economic Systems :: A Respectable Trade Capitalism Slavery Essays Slavery's Coexistence with Other Economic Systems Slavery as economic order based on the ownership and exploitation of human beings as property is widely covered in A Respectable Trade. The film, however, does not solely reveal slavery and its characteristics. It is a film rich in reference to other economical orders as well, because besides elaborately showing from different aspects the processes typical for the establishment of slavery, it touches on and gives examples on economic relationships that are rather characterized as capitalist, feudal or self-employment-related. The action in A Respectable Trade takes place in 1788 in the English city of Bristol, starting with the marriage between Frances Scott and Josiah Cole. Frances, an educated and refined young woman of genteel origin, is left poor and with no inheritance after the death of her father. For lack of a better alternative, she marries the rough and uneducated Josiah who trades with ships, led by the motive to import slaves directly to England, have them educated and polished by his wife, and sell them as house servants at a better price . Josiah is far from successful in his trade: he only manages to import eight slaves and eventually to sell only two of them. However, this is enough to elucidate the main characteristics of slavery as an economic order. The arrival of his slaves, the process of educating them and their final escape represent a peculiar slavery-cycle that elaborates on important economic issues such as the slaves' status, the creation of subservient attitude in them (or at l east the attempt to), the strategies of breaking up their independent spirits, and their resistance. A typical characteristic of slavery is that slaves are considered just another element of the productive resources. They are regarded as property, as chattel, and can be freely sold as such. Never considered human beings with consciousness and will, slaves are often described with the term 'instrumentum vocale', meaning that they are seen just as instruments capable of producing human speech. Naturally, like any human beings, slaves have a consciousness of free and independent people, and it takes time and effort to impose on them an attitude of subservience and obedience, a consciousness of being no longer human beings but enslaved pieces of property. In A Respectable Trade that is achieved in several different ways. Firstly, the slaves are imported by ships to England - extremely far from their homeland, especially in the context of the 18th century.

Autobiography of Lacocca

Lee Iacocca grew up in Allentown Pennsylvania, very close to my hometown of Boyertown Pa. My geographic connection with Iacocca is one of the reasons I chose to read his autobiography. We are both very interested in automobiles and automotive history, which connected me even further with Iacocca . Iacocca believes that you can become and achieve anything in life as long as you have strong determination and motivation. I too share this belief. Lee Iacocca did not focus his life on goals that others set for him; he followed his heart and his dreams, which someday is something I hope to be able to say about myself. Iacocca, the son of Italian immigrants grew up in an upper middle class family. His father started out with nothing and over many years, he managed to build a successful chain of hotdog restaurants in Pennsylvania. Because of his father's success and strong beliefs in the value of education, Iacocca grew up attending private schools and eventually found his way into Lehigh University. While attending, Lehigh Iacocca earned a degree in Mechanical engineering. Upon his graduation, he landed a very prestigious job with Ford Motor Company. In August 1946, Iacocca began his work in the engineering department of Ford. After a year of engineering Iacocca discovered that it was not what he wanted to do with his life, he wanted to be in sales. Ford agreed, which was the start of a very successful venture for Iacocca and the Ford Motor Company. Through many years of hard work, Iacocca was promoted to top management. This is where he found himself living his dream. He never wanted to leave work at the end of the day and could not wait to go back the next morning. Although Iacocca was doing very well and could not be happier, the Ford Motor Company was going through hard times. General Motors was really hurting Ford in sales and in innovations. In the late 50's and early 60's Ford produced cars that were just not selling and were real failures in the industry. Iacacco knew something had to be done, and he convinced president and CEO Henry Ford Jr. that he was the man to do it. Through many months of close arduous work with Ford's design team, Iaccoca came up with the Idea of the Mustang. Ford Jr. as not at all excited about the idea, but at this point he figured he had nothing to lose. He decided to give Iacocca's â€Å"Mustang† a shot. This shot in the dark not only turned out to be the Ford Motor Companies' biggest success, but also the biggest automotive success in the world. In the first quarter of 1964, Mustang sales marked the highest level of automotive sales in history. In one year 418,812 â€Å"Stangs† were sold to American car buyers. No matter what anyone said, Iacocca was convinced that his Mustang would be a success. Actually, it ended up single handedly saving the Ford Motor Company from bankruptcy. At this point, Iacocca was known as a powerful and knowledgeable force in the automotive industry. However, this success and power came at a price. Henry Ford Jr. saw the success and praise Iacocca was receiving. He became scared that Iacocca was working toward eventually taking over Henry Ford's position as president and CEO of Ford Motor Company. The only solution Henry Ford saw to this problem was to fire Iacocca before he had the chance to take over his position at the top. Being fired after over 30 years of successful work at Ford left Iacocca scared and bitter towards Ford forever. At the age of fifty-four Iacocca felt too young to retire but too old to start working in a new kind of business. It turned out that he would not even have time to think about that dilemma. Chrysler was a failing company who needed the expertise and knowledge of Iacocca. Meetings between Iacocca and Chrysler were kept secret as to not involve the media. Iacocca wanted to be his own man; he was tired of working under someone else. He would not take a job with Chrysler unless he could be CEO and president. Chrysler accepted these terms and Iacocca began the challenging but rewarding job of building up a fallen company his own way. Chrysler became a success as the third biggest automotive company in just over two years with Iacocca as president and CEO. Iacocca went on to create many innovations and top selling models such as the Minnie van and many others. He will always be remembered as a huge achiever in the automotive industry and a man that became successful by following his heart and never giving up on his goals and dreams. This is a great book for anyone who is interested in becoming successful under their own terms and doing something, which they love. I learned through reading this autobiography that life is full of twists and turns but it is up to us to make them a positive force rather than a negative one. This book will inspire anyone who as a strong desire to achieve their dreams in life and it might even light a fire inside you to go out and make those dreams a reality.

Management position within hospitality industry

The most complex work in the hotel in terms of communication and of coordinating and completing working documents is done by Floor Managers. These employees often supervise others who perform service tasks directly for the guests. Floor Managers are responsible for liaising between Room Attendants on the guest floors and managers in the housekeeping office.Qualifications required are a Bachelor’s or Master’s degree in hotel management, and work experience in hospitality industry. At the basement-level housekeeping office, Floor Managers report and monitor room status and special room requests received from other parts of the hotel. They check the computer-generated status reports for discrepancies from their visual checks of the actual rooms. If a room coded for check-out appeared occupied on the floor, they would check the Expected Departure report on the computer to see if the guest had actually checked out (Bardi 2002).Usually, the main requires are:SupervisionInvent ory managementQuality ControlCoordination of other managers and staffShipping and receivingDocumentary control (Floor Manager Position 2007).The responsibilities are:Each one supervises 15 Room Attendants and two Housemen, covering three to four floors, or 240–320 rooms.On the floors, they check the status and progress of room cleaning, inspected rooms and augmented the Room Attendants' work.One of their duties, for example, is putting triple bed sheets and extra amenities in VIP rooms.They have to get the extra sheet, then take some of the bedding off and remake the bed. The number of VIPs they had to do beds for is never predictable, and they have to squeeze them into their regularly scheduled activities.The number of floors and rooms Floor Managers are responsible for varied, too, because of airline employee guests, who rarely checked out until after the day shift finished, and because of movement in the predicted house counts (overall room occupancies) (Powers and Barrows 2002).The Floor Managers are all in the office together at three times during the day: the beginning and end of the shift, and during the midmorning clearing and briefing meeting. These are busy, but not clearly structured times, with managers picking up special supplies, double-checking irregularities in the room status reports, answering phones. In Hilton Hotels, for instance, Floor Managers work is organized as follows:workday starts, between 7 and 8; the Floor Managers come in and prepared their own worksheets for the day; they check the 6:30 a.m. room status reports and special requests, along with the log book confirming their floor assignments;  then they go up on the floors to check the room status and supply needs with each Room Attendant, who has verified their status as soon as she/he arrives on the floor;Floor Managers then return downstairs to check and adjust room assignments against the Coordinator's log book (Powers and Barrows 2002). For example, some rooms in th e early-morning computer status report noted as vacant and clean may have become occupied in the interim. Or vacant and clean rooms may have become VIP or rush rooms, which Floor Managers would hear about in the office and have to inform the Room Attendant about. In many cases, Floor Manager’s position is called a â€Å"supervisor†.Floor Managers themselves have to identify VIP rooms and they have to spend extra time to set up the rooms, and collect and deliver the extras. The VIP rooms could not be neglected, and they are seldom blocked (assigned by Front Desk) in advance. So throughout the day, Floor Managers have to monitor upcoming VIP rooms and prepare them in time for the guests' arrival (Powers and Barrows 2002).Work stress and pressure is a remarkable feature of this position. Very often, checking room reports against their lists, for example, is interrupted by a ringing telephone or a co-worker's query. Most often the interruption involves a guest's urgent req uest, which demanded an immediate response. People write down notes, speak on the phone to guests, page others to fill requests and relay orders to the Centralized Action Room. Several talks at once; seldom are the exchange restricted to two people (Stutts 2001).Floor Managers work primarily from photocopied forms attached to clipboards that they fill out each day as they completed their work. The worksheets serve as organizational tools, memory aids and long-term records, to be boxed and stored for a prescribed number of years. From my observations throughout the hotel, the computers stored information on sales, purchases, personnel and payroll, and guests and occupancy rather than any detailed records of daily work.And unless each Floor Manager is equipped with a hand-held computer, inputting such information would have been impractical when there is already a paper record. In the basement office, Floor Managers also check for recent special requests like rush rooms or VIPs, or th ey receive them as phone messages, occasionally via pager (Stutts 2001).ReferencesBardi J.A. (2002). Hotel Front Office Management Wiley; 3 edition. Floor Manager Position (2007). Retrieved 01 July 2007, Powers T., Barrows C.W. (2002). Introduction to the Hospitality Industry. Wiley, 5 edition. Stutts A. (2001). Hotel and Lodging Management. An Introduction. Wiley.

Risks Facing Financial Insitutions Essay Example | Topics and Well Written Essays - 2500 words

Risks Facing Financial Insitutions - Essay Example alth and wealth of such financial institutions. (Aharony, 1986) Its 1988 Basel Accord deals with credit risk and has extensively guided international banks in their risk management.Similarly the Basel II(International Convergence of Capital Measurement and Capital Standards) deals with the problem of operational ,legal and strategic as well as those arising out of the loss of goodwill. ( Hsaio 2008) , This paper therefore discusses the risks faced by modern financial institutions,international efforts to resolve such risks as well as the techniques used by banks to calculate interest risks. The past two decades have indeed seen an increased banking response to the systemic risks in the financial system which emerged in response to the 1930's banking crises of the 1930s.Banks and other financial institutions perform the functions of financial intermediaries that distinguish them from other businesses. They intermediate liquidity between economic subjects and in this process face a number of risk atypical of non-financial firms. (Aharony, 1986)This financial risk measurement and management becomes very important for banks than for other companies.The modern financial institutions are very complex as they increasingly offer fee-based financial services and relatively new financial instruments and this has led to the creation of a number of new risks.Essentially the riskier the bank's business, the more capital it should hold to be able to cover future fiscal losses. Although various banks face different risks (with regards to their category) some risks are common to most banks like Credit risk , Liquidity risk , Solvency risk , Operational risk , Market risk and Interest rate risk. (Aharony, 1986) In the above paragraph a number of risks have been identified and while many of them have been overcome by regulation many still sting the face of financial prudence as unresolved dilemmas. (Aharony, 1986) These are risks like operational risks (which have been defined by the Basel Committee(Basel II) as arising from 'inadequate or failed processes, people and systems or from external events'. ( Hsaio 2008) , Operational Risks cover a wide category of risks which pertain to human error or technical deficiencies.(Black,1972) and are related to all other types of risk such as capital needs, inflation, concentration of revenues (by customers, products, geographies, etc.) new competitive conditions and environmental remediation obligations(reinforced by the new concept of Corporate Social Responsibility).(Black,1972). Operational risk is the newest area of focus in the the arena of the financial institutions but there are theoretical and practical difficulties involved in it's assessment as well as statistical irregularities in the data available. ( Hsaio 2008) , However more serious risks pertain to losses which arise due to the failure of the obligator to perform(Credit Risk) and such losses are reported to be responsible for more