Bella Heath Care India Essay Example

Bella Heath Care India Essay Example Bella Heath Care India Essay Bella Heath Care India Essay 1. What capabilities and resources does a company need to develop new products? Which of these capabilities and resources does Bella India have? There are 4 competencies that a manufacturing company needs to successfully penetrate the market with new products. 1) Market Research Ability: a company needs to know in details about the market. The details include from the demand for specific function in a product, demand for specific service related to the product, to information about suppliers in the market. 2) High Quality: a company needs to insure high quality of the product in order to succeed in the market. In order to guarantee the level of quality in manufacturing industry, high level of technology reflected in manufacturing facilities and high quality of labor force in order to operate the facilities are crucial. Technology Labor force 3) Low Cost: a company needs ability to produce a new product with lower cost compared to its competitors. 4) Organizational Structure: a company requires right form of organizational structure depending on its industry and external environment. With an appropriate match between structure and environment, the company’s internal communication and decision making process would work effectively. Among those 4 competencies, what Bella India has towards Indian market is as follows: Market Research Ability, High Quality, Organizational Structure. 1) Market Research Ability: Bella Healthcare has extensive channel to access information of market in both the U.S. and India. This allowed Bella Healthcare to have plenty of information about suppliers in both the U.S. and India, and to point out the local demand towards A/S. 2) High Quality Technology: Since its inception in 1969, Bella Health Care has accumulated its technology reflected in its plant in St. Louis. Moreover, since 1990s, Bella Health Care India has also showed high level of technology proficiency. Labor Force: A number of engineers are with full background technological knowledge, but at the same time requires much less wage. 3) Organizational Structure: Bella Health Care has independent structure. This enables Bella India to make important decisions by itself not being interfered by HQ in the US. Bella India has its own authority in project building, manufacturing, and staffing which makes the company react swiftly and localize easily. Also, Bella India has a flat culture so engineers can participate in decision making process. It has encouraged Bella India to be well-communicating organization with constant innovation. However, when it comes to projects that require intimate cooperation with HQ, such as Project Baton, this structure may hinder communication between the HQ and the division. 2. Why did Project Baton fail? Project Baton, the first joint product development by St. Louis-based team and Bella India team, has cancelled. Below are 3 possible reasons of the failure of this project. 1) Communication Problems Cultural difference:  As the two teams had different cultural context, they misunderstand each other even though they have not had problems with their co-workers before. Even though they can speak in the same language (in this context, Bella India team would speak English), there is possibility that the words or phrases have different meaning. Also, the same behavior or attitude could be regard as suitable and polite in some cultural group, while it is rude in other group. For instance, in this case, a-few-minute late for a conference call or missing deadline could be trivial for Bella India team but it could be serious problem for the St. Louis supervisor because they are in different cultural context. Far distance between two project teams made communication difficult Both team felt frustrated to have late-night conference calls and to go on a business trip because they need to do extra work. Sudden vacancy in project manager position in St. Louis. Unexpected Departure in this position lasts several weeks and it would make two project teams to communicate more slowly and less effectively. Conflicts in priority between design engineers and manufacturing Bella India team focused on designing for manufacturing most, while St. Louis-based team took care of developing the best, most commercially viable functionality. It seems they had difficulties in making settlement because they mostly care about their own responsibility, not about working closely. 2) Technical problems Bella run into difficulty with operations making a new product. When they made prototype of project Baton, amplifier did not work well. Actually, Baton was not that high-tech project, because it was application of EKG with treadmill. Developers had a strength to make cost lower, but did not have ability making application within certain time deadline. 3) Sourcing issues. Bella expected vital part such as microcontroller to be outsourced in Asia, but they had to brought it from US costly since Asian benders delayed the delivery. They failed cost control because of unqualified benders. Without second plan or diversified benders, new process can easily face such problem. At last, product which consumes 30% higher cost than initial expected value makes Bella give up the project Baton in 2007. 3. Should Bella India take on Project TKO and develop an Bella Healthcare specifically for the local market? Why or why not? 1) Internal aspects Bella healthcare has its’ own mission   Bella health care usually sells 12 channel devices which provide accurate diagnosis of disease. In developing countries, sometimes they face with resource constraints, such as power failure or lack of doctors. So Bella healthcare develop simplified version of device, TKO. Most of the techniques are already existed and used in Bella health care. They can get higher profit by using little bit modified devices They learn from last fail. Using experience learned from ‘Project Bacon’, they can make a great success in this project. In Baton project, Bella health care in India and its’ headquarter develop a new product together. However they have a communication problem and it ruins the project. In TKO project, Mr. Manning made a task force team, so they can control the project by themselves. Also, they already experience a problem in outsourcing procedure, so they can handle potential problem more easily about outsourcing issue. And last, they have a technical ability to build the one motor model which was not done at the previous project. 2) External Aspects India is big and continuously growing market India has large Population, and their economy is growing. Also the professional says that patients of CAD will increases in a large number. Asian smokes a lot, and they get stressed, so they are likely to get CAD. However the number of doctors and facilities are very small, and most of them are located in the city. Though by they need a device easy to control and diagnose market prospects has green color. Market size of single-channel is biggest among others market. According to the chart, sales amount of single-channel is 19,825. Considering total amounts of EKG market in India is about 31,000 units, single-channel has a value. Not big in this time, but strong competitors exist. The second external issue is market share. In single-channel market, dominant company is BPL Health, local brand, who has 56% of market. Except BPL Health, there is no strong market leader. Most of them have only 5%, or lower than 5%. GE, most significant competitor, also shows only 4% in this market. Include BPL most of local companies and Asian companies are not a serious problem. Because they don’t catch market needs like aftersales service or product innovation, so they will wipe out natural. But GE is not, Golden lush to single-channel is just starting. Until now, GE focused on high channel market like 3-chaanel or 6-channel market, and ran in to single-channel market recently. But GE has been worked faster than Bella Healthcare definitely. In contrast Bella Healthcare, Bella Healthcare just starts on preparing about single-channel market, GE already participates in these market. And the CEO of GE Healthcare in South Asia set a goal that is big growth in India market within next 2-3years. Other competitive companies like Medi Ved and Perfint Healthcare continuously produce a new model for India market. Although not involved yet, Philips is also a powerful potential rival. They have a 29% market share in 6/12-channel market already. 3) Suggestion Most of internal and external environments shows positive situation, considering circumstances single-channel market is very attractive. But the issue about competition is the reason of hesitation. To solve this problem, they should propel Project TKO to make special product for India market. Then how they can be success in this harsh race? There are two tracks; the first one is be a market leader by their own special function. And the second one is be a fast follower. First strategy Estimated specifications of Bella Healthcare’s new product are not special compare with other competitors that, easy-to-use interface, low weight, high efficiency. But the one thing is different, mobile connectivity. India has a ridiculously little number of medical doctors and terrible accessibility on medical service. 6 physicians per 10,000 people exist. This figure is lower than 1/20 number of UK and almost 1/100 number of USA. Mobile connectivity can help this problem. Through Bella Healthcare’s new product will be able to get a medical service to remote area. If it is possible that patients condition that diagnosis by machine, sends to physician and receive prescribed via mobile, relatively large number of patients can be provided medical service without seeing a specialist directly. But, it can be possible when 1) the technology that can be equipped with wireless capabilities should be exist, 2) they supported by the local telecommunications infrastructure, and 3) add wireless capabilities not make a result the loss of product competitive price. After reviewing the situation, if possible, to do this immediately to become the market leader, it is the first strategy. Second strateg However, if the situation occur like add wireless capabilities is impossible, the lack of telecommunications infrastructure or add wireless capabilities lead to the loss of price competitiveness, the first strategy is to give up quickly. Instead, Bella Healthcare can take Me too strategy by quickly chasing GEs market-leading, and seek s getting a firm second rank in the market. Asian – Pacific market shows fast growth rate about 9-12% per year, because of that ‘Me too’ strategy will be enough to take profits. In addition, this strategy saves RD expense lather then first strategy, so it can ensure price competition.

A Brief Overview and Description of Geography

A Brief Overview and Description of Geography The science of geography is likely the oldest of all sciences. Geography is the answer to the question that the earliest humans asked, Whats over there? Exploration and the discovery of new places, new cultures, and new ideas have always been basic components of geography. Thus, geography is often called the mother of all sciences as studying other people and other places led to other scientific fields such as biology, anthropology, geology, mathematics, astronomy, chemistry, among others. (See other Definitions of Geography) What Does the Word Geography Mean? The word geography was invented by the ancient Greek scholar Eratosthenes and literally means writing about the earth. The word can be divided into two parts - ge and graphy. Ge means the Earth and graphy refers to writing. Of course, geography today means much more than writing about the Earth but its a difficult discipline to define. Many geographers have done their best to define geography but a typical dictionary definition today reads, The science of the Earths physical features, resources, climate, population, etc. Divisions of Geography Today, geography is commonly divided into two major branches - cultural geography (also called human geography) and physical geography. Cultural geography is the branch of geography dealing with human culture and its impact on the Earth. Cultural geographers study languages, religion, foods, building styles, urban areas, agriculture, transportation systems, politics, economies, population and demographics, and more. Physical geography is the branch of geography dealing with the natural features of the Earth, the home of humans. Physical geography looks at the water, air, animals, and land of the planet Earth (i.e. everything that is part of the four spheres - the atmosphere, biosphere, hydrosphere, lithosphere). Physical geography is closely related to geographys sister science - geology - but physical geography focuses more on the landscapes at the surface of the Earth and not what is inside our planet. Other key areas of geography include regional geography (which involves the in-depth study and knowledge of a particular region and its cultural as well as its physical characteristics) and geographic technologies like GIS (geographic information systems) and GPS (global positioning system). An important system for dividing the subject of geography is known as the Four Traditions of Geography. History of Geography The history of geography as a scientific discipline can be traced back to the Greek scholar Eratosthenes. It was further developed in the modern era by Alexander von Humboldt and from there, you can trace the history of geography in the United States. Also, see the Timeline of Geographic History. Studying Geography Since the late 1980s, when the subject of geography was not well-taught throughout the United States, there has been a revival in geographic education. Thus, today many primary, secondary, and university students are choosing to learn more about geography. There are many resources online available to learn about studying geography, including one article about earning a college degree in geography. While at the university, be sure to explore career opportunities through internships in geography. Great Studying Geography Resources: Branches of GeographyCapitals of Every CountryGeography GlossaryQuestions and Answers About GeographyGeography Facts, Lists, and TriviaMaps and Geographical Information About Every Country (including blank outline maps)Top 10 Reasons to Study Geography (Humor) Careers in Geography Once you start studying geography, youll want to look into various careers in geography so dont miss this article specifically about Jobs in Geography. Joining a geographic organization is also helpful as you pursue a geographic career.

Critically analyse the concepts of mentorship, supervision and Essay

Critically analyse the concepts of mentorship, supervision and assessment and their role in inflencing the quality of the learning environment in clinical pract - Essay Example plenty of definitions including some handy, sound-bite sized ones that range from the spiritual and almost purply poetic picture of mentors as leading us along the journey of our lives (Kinney Marguerite Rogers, Donna R. Packa, and Sandra B. Dunbar 1993, 89-96). We trust them because they have been there before. They embody our hopes, cast light on the way ahead, interpret arcane signs, warn us of lurking dangers, and point out unexpected delights along the way. Mentoring is a process that increasingly used in management development and the skills and techniques learned on the management development programme are put into practice through the support and help of an experienced manager back in the workplace (Allery, L. A., Owen, P. A., & Robling, M. R. 1997, 870-4). Learning environment did occur most frequently when the supervisor kept an equidistant position. This position is not only an open, non-judgemental, non-competitive attitude, but also includes the keeping of a continuous and stable focus on the RNs reconstruction of his interaction with the patient: in other words, viewing the nurse-patient interaction as a "system" with its own boundaries and frame. The patient can discover new material in the object as the analyst fails largely or completely to meet the patients expectations in certain areas-particularly the area of difficulties--which have previously always been fulfilled by virtue of unconscious steering mechanisms. Similarly, dynamic factors that frequently stimulate conflicts seem always to be present in the supervisory system and influence the learning process. Nevertheless, it is possible and desirable to maintain the frame and boundaries around both the patient-analyst and the candidate-supervisor systems. In most large hospitals there are orientation programs for employees, with instruction in hospital organization, policies and procedures. These learning and orientation is sometimes further informal instruction on the practical aspects of

School Budgeting Processes Coursework Example | Topics and Well Written Essays - 1000 words

School Budgeting Processes - Coursework Example For this reason, I would like to state that the District Superintendent of Schools and the School Management Boards should provide school principals with the following information about the budgeting process for their respective schools: Â  One of the most important lessons that each public school principal should have is the entire budgeting process. Therefore, the first thing that the District School Superintendent and boards of education should tell the school principals is about the type of budgeting strategy to be adopted in the school district. Having such information will definitely enable these school administrators to know the contributions which, as school administrators, they should be made towards a successful planning, drafting, and implementation of the school budget. Without a proper knowledge of this area, nothing much can be achieved so far. Â  However, given that the budgeting process is being devolved to the school levels, the District School Superintendent should adequately inform school principals about the on-site budgeting process. They should be told everything about this new approach and be challenged to take the initiatives to budget for their own schools. As school administrators, the principals should be informed that it is their responsibility to coordinate with the office of the school bursar in order to make the necessary budget approximations during each financial year. Once they get such important information, they will take the necessary steps to lobby their teams so as to initiate the budget-making exercise after thoroughly considering all the sources of school revenues and identifying the most necessary areas to spend on. Â  After informing the school principals that it is their mandate to oversee the success of on-site budgeting process in their respective schools, they should be challenged to be team players (Colander, 2007).

Histort Essay on Globalization Example | Topics and Well Written Essays - 1500 words

Histort on Globalization - Essay Example The Internet has made products more accessible to people all around the world and corporations are willing to dip their hands in the pockets of other countries. Globalization is basically an effort for a business to provide a product on a multinational effort in search for profit from wherever they can possibly get it, even if that includes having products manufactured for little cost overseas. This then has resulted in a lack of jobs in the United States due to globalization and has ultimately led to an economic downward spiral. Corporations thrive on the globalization of their business, able to make millions and offer their goods to developing companies. Occupy Wall Street is an anti-globalization group that currently protests shipping jobs overseas and keep the work here in the United States. It ks a movement designed to completely protest globalization because they expect for economic movements to stay local within our own government here in the United States. The western worlds currently dominate the majority of the world's economy and the United Nations plays a huge role when it comes to globalization. The United States plays a huge part in the United Nations due to the country being a giant in the corporate and developing realms of business. Alternately, globalization is also impacted on by embargoes that are set up in other parts of the world that can otherwise effect the rest of the world that are unable to trade goods. The economy as a whole is deeply affected in a negative way, particularly in the United States while there is a huge economic crisis going on. The value of a dollar is going down and will also affect other areas in the world and exchange rates which then also effects People on the political left have the tendency to want change while the people on the right wing do not want change. Conflicting visions are typically the topic of most political issues. Globalization is just another means for conflict in politics. It also results in a stru ggle between states. Some states have different resources to offer than others so globalization can effect the local economy as well as the overall national economy. The current Obama administration has the same policy that was passed from the Bush administration. Obama's stimulus package also plays a huge role in globalization not just in the United States, but also in other parts of the world because many other countries rely on the United States. Though it appears that Obama has tried to impact the economy, when looking at the bigger picture, there are still major issues in the United States that lead to unemployment, the middle class is the suffering class, and therefore contributing to the issue of globalization. It may have been a gesture of collective action but it was not quite effective enough or at least Americans are still feeling the burn of globalization's effects. The lack of jobs seems to be the largest sour idea when it comes to globalization, from the perspective of an American. Corporations not only are making money off of high priced items, but are shipping their jobs overseas to be performed at extremely low costs. Additionally, globalization is changing the world. Change does not just make the United States uneasy, but people in other economies do not know what to expect either. As a giant powerhouse of a country, many of the moves of other countries are impacted by the decisions of the United States. 2. The United States is struggling from economic recession and though it is the

Legal Aspects of Project Management

Legal Aspects of Project Management 1. Introduction to the contract law Law of contract: The law of contract is the study of legal principles which underlie all contracts; it is not concerned with particular types of contracts and their specialized rules (Koffman and Macdonald 2001). What contract laws do? This can be briefly explained as follows: Agreement is formed between two parties, when some disputes between the parties arise over the agreement, then one or both parties’ initiates the judicial process. Then the judicial applies the rules of the contract law like first they check with the formation and vitiation of the project and adds on the identification and interpretation of the express terms in the contract and check for the terms included in the contract, from that all they subtract the invalid expressions and terms and finally they look for the remedies of breach and gives the result. Though the contract law basically stands on the basics of the agreement of the parties, the result is completely based on the process of judicial application of the contract law. Purpose of contract law: Butterworths states that contract law has many â€Å"purposes†, but the central one is to support and to control the million of agreements that collectively make up the â€Å"market economy†. (Turner C 2006) Based on the knowledge of law of contract, Legal advice will be given to the two cases in the assignment. Firstly, Nancy and Andy case, Andy is advised whether Andy is eligible to clam the reward  £3000 announced by Nancy for safe return of her dog, which Nancy has refused to give to Andy even after safe return of her dog saying she have never made that offer to him as a individual. Then in Finewines Ltd case, where the company could not fulfill all the customers, supplying there orders, as they don’t hold sufficient stock and Adam is advised whether the disappointed customers might have a valid claim against their company. 2. Nancy v Andy Case 2.1. Brief introduction of the case. Nancy owns a pet dog called Rombo one day she find it missing, then she placed an advertisement in the journal stating â€Å"MISSING DOG, OFFER OF REWARD† and she also stated that â€Å" I am offering  £3000 for its safe return†. Looking at the advertisement one person named Andy remembered that he saw the similar dog roaming in the nearby park and the next day he caught the dog and returned the dog to Nancy and remembered her about the offer she mentioned in the advertisement, in reply to that she said â€Å"stop being so silly, Andy! I have never made the offer to you as an individual† and said him to leave the house. Andy has to be advised whether he is entitled to  £3000 reward. 2.2. Legal issues arising in the case The main legal issue in the case is, whether Nancy is subjected to contract with Andy to pay him  £3000. In order to solve the above legal issue we have to checkout the main elements of the contract in the case. Let the elements we are mainly going consider be offer, acceptance and intention to be legally bound. 2.3. Legal research related to the case. Contract: â€Å"A contract is an agreement between two parties by which both are bounded in law and which can therefore be enforced in a court or other equivalent forum† ( Turner C 2006), The person who places the offer is known as offeror and the person who accept the offer is an offeree. We have two different trems to be known, they are offer and acceptance(accept). This are the two main elements in a contract. One way of classifying contracts is according to whether they are ‘bilateral’ or ‘unilateral’. Bilateral contract: In bilateral contract a promise by one party is exchanged for the promise of the other party (Duxbury R 1997). Where the both parties are bind to the contract. Unilateral contract: In unilateral contract one party promise to do something in return for the act of the other party, the act is defined by the party makes the promise (Duxbury R 1997). From the above definition we know that the case we are dealing (Nancy Andy) may comes under unilateral contract. Nancy is the party who sets the contract, by makes the promise of offering  £3000 for the safe return of the dog. Here safe return of the dog is the act set by Nancy. Offer: An offer is a legal commitment, a proposal which invites, indeed presupposes, eventual acceptance. (David Oughton Martin Davis 1997). The person who sets the offer is known as offeror and the person who accepts to the offer is known as offeree. Offer may be addressed to one particular person, a group of people or the world at large, as in an offer of a reward (Duxbury R1997). In this case the advertisement made by Nancy can be considered as an offer and Nancy as an offeror and Nady is the offeree, the offer is an offer of reward which is addressed to the world at large. Acceptance: Acceptance may be defined as an unconditional assent, communicated by the offeree to the offeror, to all terms of the offer, made with the intention of accepting (Duxbury R 1997). Acceptance in unilateral contract: Acceptance of a unilateral offer need not be communicated, because performance is the same as acceptance (Carlill v Carbolic Smoke Ball Co.(1893) 1 Q.B 256 Turner C 2006). Intention to be legally bounded: The court have recognized that some agreements, by there nature, are not intended to be legally binding (Duxbury R 1997). The agreement does not become a binding contract unless the parties have shown, expressly or by implication, that they intended to create legal relations: Rose and Frank v. Crompton Bros Ltd.[1923]. (W T Major 1993). Lindley LJ relating to the case Carlill v. Carbolic Smoke Ball Co.[1893] 1 Q.B 256 says that we have to first consider whether the advertisement was intended to be a promise at all, or whether it was a mere puff which meant nothing. His answer for the question â€Å"was it a mere puff?† was No, he has made his answer upon the passage in the advertisement â€Å" £1000 is deposited with the Alliance Bank, shewing our sincerity in the matter† where this statement clearly their promise (Burrows A 2007). The same question arises that whether really Nancy has given that advertisement to create a legal relation. The statement in the advertisement does not really promise that Nancy will be surely paying the reward to the person who brings her dog safe to her. In advertisements the court will look for the intention of the offeror in making the advertisement. As in the case of Carlill v. Carbolic Smoke Ball Co.[1893] 1 Q.B 256. Therefore in this case, the reward Nancy has mentioned in her advertisement is â€Å"mere puff† and is not intended to form the basis of a binging contract (Duxburg R 1997). 2.4 Summary of the legal research. All the basic elements of the contract have not fulfilled to bind a contract. The offer made is not bind to the intention to be legally bounded and its mere puff. So a binding contract is not formed. 2.5 Legal advice to Andy The advertisement given by Nancy in the newspaper is an offer of reward which is opened to the world which is a unilateral offer and the sentences of the offer are so vague as they do not mention about for how long is the offer is and there is no promise made regarding the reward. In the case of unilateral offer the acceptance is considered when the person starts the work as mentioned in the offer and there is no need to be any communication between the offeror and the offeree (in this case Nancy and Andy respectively). Thus acceptance has occurred when Andy started to search the missing dog of Nancy. Then when it comes to the reward in the advertisement Nancy had not made any promise that she will be giving the reward amount of  £3000in the advertisement. So Nancy really does not intend to be legally bonded. Though Andy performed according to the offer it has got no value. Thus a full binding contract is not formed between Nancy and Andy so Andy does not have any valid clam against Nancy to clam for the reward. 3. Finewines Ltd Case 3.1. Brief introduction of the case Finewines Ltd is an importer and distributor of fine wines, based in Sunderland, as a part of there sales strategy had distributed their monthly catalogue containing a list of wines and there prices to there customers. One among the list was White Australian wine for  £75 per case. Looking at their catalogue ten of their customers had ordered for 100 cases of White Australian wine each, then Finewines Ltd realised that they do not hold that amount of stock to fulfil all the customers, all they have is only 500 cases of that White Australian wine as they did not excepted that sort of response that month and it had never occurred earlier and the general manager Adam want to know whether the disappointed customers hold any valid clam against them. 3.2. Legal issues rising in the case The main issue is the whether the customers of Finewines Ltd have a valid claim against them. To solve the above issue we have to find whether the catalogues sent to the customers by Finewines Ltd is on offer or invitation to treaty. 3.3 legal research related to the case. Distinguish between offer and Invitation to treaty: An offer is an statement or expression of willingness to contract for certain terms, where it requires only an acceptance to form a binding agreement and it must be distinguished from all other statements which are made in the course of negotiation in forming a contract: only a offer has a capability to transfer in to an contract. The most common statements that have to be distinguished from offer are an invitation to treaty. The technical definition for invitation to treaty is the statements indicating the maker’s willingness to receive offer (T A Dwones 1997). In this case the Finewines Ltd. company have sent their customers a catalogue which contains a list of wines and there price. The is no statement which is as define in the above sentence for an offer, so there is no statement of offer which could imeditally convert in to an contract, therefore it can be merely an invitation to treaty. Finewines Ltd sent the catalogue as their sales strategy to customers to receive offer from the customers. This is supported by Grainger Sons v Gough [1896] AC 325. In the context of the distributed prise list which is similar to the distribution of the catalogues by Finewines Ltd, Lord Herschell said that the point was made that the supplier will not want to become bound to sale more of a particular item he can supply, which could occur in the prise list (or advertisement) was considered as an offer (Rowland D Macdonald E 2005). Second, relating to the order placed by the customers of Finewines Ltd, in a similar case of invitation to treaty which is the case of Pharmaceutical Society of Great Britain v Boots Cash Chemists (Southern) Ltd [1953] 1 QB 401, where the goods displayed is considered as invitation to treaty and Lord Goddard CJ’s decision states that the display was not an offer, where it was the customer who was making an offer to buy (Burrows A 2007). Similarly in this case the catalogue is not an offer and the order from the customer is the offer now it’s to the Finewines Ltd to accept the offer from the customers. 3.4 Summary of the legal research The catalogue containing the price list of the wines does not form an offer, it’s an invitation to treaty and the orders from the customers based on that catalogue are the offers. 3.5 Legal advice to Adam Finewines Ltd, an importers and distributor of fine wines has distributed their monthly catalogue containing the list of wines and their prices to their customers as their sales strategy, which is an invitation to treaty from the Finewines Ltd and the orders from the customers are the offers and it’s the Finewines Ltd to accept the offer that they can do as per the company norms if they have such as first come first serve, last come first serve etc., thus an contract is not formed in between the customers and the company till now so the disappointed customers do not hold any valid clam against Finewines Ltd. References Koffman and Macdonald (2001). The Law Of Contract. 4th ed. Surrey: Tolley. Mindy Chen-Wishart (2005). Contract Law. Oxford: Oxford. Chris Turner (2006). Unlocking Contract Law 2nd ed. London: Hodder Educations. Robert Duxbury (1997). Contract In Nutshells 4th ed. London: Sweet and Maxwell. David Oughton and Martin Davis (2000). Source Book on Contract Law 2nd ed. London: Cavendish Publishing Ltd. T A Dwones (1997). Text book on contract. 5th ed. London: Black Stone Press Ltd. Chris Turner (2006). Contract Law 2nd. London: Hodder Educations. Andrew Burrows (2007). A case book on contract. Oxford: Hart Publications. Diane Rowland, Elizabeth Macdonald (2005). Information Technology Law. (http://books.google.co.uk/books? id=-VtTiR8niBECpg=RA10-PA273lpg=RA10-A273dq=grainger +%26+ sons+v+gough+1896+ac+325source=webots=6zk75i6NHksig=JfG3JbLF9eWRFibj-iDWS8fgE4Yhl=en) Table of cases Carlill v. Carbolic Smoke Ball Co.[1893] 1 Q.B 256 Rose and Frank v. Crompton Bros.[1923] Grainger Sons v Gough [1896] AC 325 7 Pharmaceutical Society of Great Britain v Boots Cash Chemists (Southern) Ltd [1953] 1 QB 401, 7

Les Miserables - Reconciliation between a Man and Himself Essay

Les Miserables - Reconciliation between a Man and Himself The ending of the Victor Hugo novel, Les Miserables, contains a reconciliation between a man and himself, and his family. This is, in many ways, the entire purpose of the book. Goodness or saintliness can be achieved,   despite difficult or unwholesome beginnings. This theme is an enduring one, because of both its truth and its presentation. Fay Weldon may as well have been   describing Les Miserables when she said "The writer, I do believe, who get the best and most lasting response from readers are the writers who offer happy endings   through moral development .... some kind of spiritual reassessment or moral   reconciliation, even with the self, even at death."   The hero Jean Valjean undergoes quite the transformation throughout the   course of his story. He begins as a criminal and convict with absolutely no scruples. A kindly prelate forgives him after a theft, and simply turns the other cheek. This act of unexpected generosity inspires Valjean...

Communism and Democratic Capitalism

1. From a Christian perspective, why did Marxist Communism fail? The government has too much power of constrains people. Trying to force people and form them to change is not right and does not work in the long run. To give any one party too much power is a bad idea. We are all human and prone to sin. The government needs to help the people and work for the people not rule them. 2. Which is a more Christian form of government, democratic capitalism or democratic socialism? That is a tricky question, and I believe the answer lies somewhere in between the two.The struggle is to regulate but not over regulate the people. People are greedy and in capitalist economy will not give to the poor. That’s were socialism looks better, but then the government is to power full and human nature can affect the government just as it can a civilian. I believe my vote goes for democratic capitalism with less government and a competitive market. 3. What functions does government have to undertake because of fallen human nature? The government has to protect society from itself so to speak.The government becomes responsible for creating laws to protect rights and property. They also become responsible for enforcing these laws and protecting people from others who may steal their things. The government also has to be responsible to take care of the environment since people fail to do it on their own. Another thing I see the government doing is taking care of people who can’t devise the means to take care of themselves. 4. Should Christians concern themselves with the regulatory activities of government? If so, what areas of regulation are most significant?Yes I do believe Christians should concern themselves with regulatory activities. The major one would be discrimination. There needs to be very strict laws guarding against regulation. All of god’s children are created equal and all should be treated fairly and given the basic tenants of life. Also everyone abl e should be able to work and have to opportunity to support themselves and contribute to society. Another regulation that needs to be of concern to Christians is over regulation. Over regulation can lead to many deceitful and bad things when abused by greedy individuals and government.

Essay on Module 3 2014 2015

Essay on Module 3 2014 2015 Essay on Module 3 2014 2015 ADVANCED MANAGEMENT ACCOUNTING MA2 MODULE 3 Copyright 2014 by the Certified General Accountants of Ontario LEARNING OBJECTIVES 3.1 Risk environment and types of risk 3.2 Levels of risk management 3.3 Evaluating risk 3.4 Techniques for mitigating risk 3.5 Case analysis: Entropic Communications, Inc. Copyright 2014 by the Certified General Accountants of Ontario 3.1-1 RISK ENVIRONMENT AND TYPES OF RISK ï‚ § ï‚ § ï‚ § Risk is the probability that a negative outcome will occur. All organizations face risk. In many instances, it cannot be avoided, but it can be mitigated. The COSO framework is used by organizations as an enterprise risk management tool for dealing with risk. In this topic, the framework is used to describe the risk environment. The COSO (the Committee of Sponsoring Organizations) cube has three dimensions: 1. Four key categories used to classify entity objectives ï‚ § ï‚ § ï‚ § ï‚ § Strategic goals: High-level goals that support the mission Operational objectives: Effective and efficient operations Reporting objectives: Reliability of financial reporting Compliance objectives: Compliance with applicable laws and regulations Copyright 2014 by the Certified General Accountants of Ontario 3.1-2 RISK ENVIRONMENT AND TYPES OF RISK 2. Eight components of enterprise risk management (ERM) ï‚ § Internal environment - The internal environment encompasses the tone of an organization. It sets the basis for how risk is viewed and addressed by an entity’s people, including risk management philosophy and risk appetite, integrity and ethical values, and the environment in which they operate. ï‚ § Objective setting - Objectives must exist before management can identify potential events affecting their achievement. Enterprise risk management ensures that management has in a process in place to set objectives. It also ensures that the chosen objectives support and align with the entity’s mission and are consistent with its risk appetite. ï‚ § Event identification - Internal and external events affecting achievement of an entity’s objectives must be identified, distinguishing between risks and opportunities. Opportunities are channeled back to management’s strategy or objective-setting processes. Copyright 2014 by the Certified General Accountants of Ontario 3.1-3 RISK ENVIRONMENT AND TYPES OF RISK ï‚ § Risk assessment - Risks are analyzed, considering likelihood and impact as a basis for determining how they should be managed. ï‚ § Risk response - Management selects risk responses – developing a set of actions to align risks with the entity’s risk tolerances and risk appetite. ï‚ § Control activities - Policies and procedures are established and implemented to help ensure the risk responses are effectively carried out. ï‚ § Information and communication - Relevant information is identified, captured, and communicated in a form and timeframe that enable people to carry out their responsibilities. Effective communication also occurs in a broader sense, flowing down, across, and up the entity. ï‚ § Monitoring - The entire process of enterprise risk management is monitored and modifications made as necessary. Monitoring is accomplished through ongoing management activities, separate evaluations, or both. Copyright 2014 by the Certified General Accountants of Ontario 3.1-4 RISK ENVIRONMENT AND TYPES OF RISK 3. The third dimension represents the business/ operational units of the organization – entity-level, division, business unit, and subsidiary ï‚ §As a whole, the ERM components focus on identifying, assessing, and controlling risk. Copyright 2014 by the Certified General Accountants of Ontario 3.1-5 RISK ENVIRONMENT AND TYPES OF RISK ï‚ § Part of the process of managing risk is to assess its likelihood and impact. The types of risks an organization faces can be divided into four categories: ï‚ § ï‚ § ï‚ § ï‚ § Hazard risk - The possibility that an event will cause harm to an individual (by the organization) or that harm is done to the organization. Hazard risks

1962 advert for Marlboro cigarettes Essay Example

1962 advert for Marlboro cigarettes Essay Example 1962 advert for Marlboro cigarettes Paper 1962 advert for Marlboro cigarettes Paper The next set of lines state to the reader that the flavour of the cigarettes is unfiltered but the cigarette does have a filter The use of juxtaposing words makes the readers think twice at first. The initial part of the phrase writes that the cigarette has a filter, which is good for the health of the consumers. The second part tells the reader that even though it has got a filter the flavour of the cigarette or the experience of smoking one is unfiltered, suggesting it is undiluted, which makes it even better than the first part of the phrase.Hence, both parts of the sentence are positive and combine to make one encouraging phrase. The box of cigarettes is what stands out the most in the whole advertisement, since it is in red and it is up front. The box is open for the possible consumers to see the new type of cigarettes and convince themselves that the cigarettes are almost alike. There are three visible cigarettes in the advert, but only one is raised enough to be taken; this makes the reader eager to take one, increasing the chances of readers buying a pack of cigarettes.In addition, the only colour other than black and white is red. This colour links in the head of consumers reading the advert with the pack of cigarettes of the Marlboro brand. Almost at the bottom of the advertisement, below the box of cigarettes the advertisement reads: You got a lot to like- Filter, Flavour, Pack or Box. The advert is telling the reader that both the unfiltered flavour and the filter inside the cigarette complement to make it irresistible to them.Good for their health with the same taste they already love. Plus, they sell them in a pack, for space and weight convenience since its lighter and smaller, or, in a box for men in heavy-duty jobs that carry their cigarettes in their pockets all day. This line is stating all the good things about these cigarettes and it gives no choice to the consumer but to think that the Marlboro cigarettes are the best in every possible way.In addition, the omission of the health warning is beneficial since readers will not even remember all the consequences of smoking. This idea of health precautions is also removed by the impression of the filter eliminating all bad things from the body and men convinced that also they can smoke filtered cigarettes. Also, at the very bottom it is clear that cigarette companies like Marlboro can support and promote sports, which again links with the idea of cigarettes not having any side effects.In conclusion, the advertisement uses various techniques to contribute to the effectiveness of the message that is sent across to every potential consumer. Every advertisement of the Marlboro brand uses a common technique of language and image to persuade the reader to buy their cigarettes, but this one in particular uses some language and visual techniques that enhance both messages in the advertisement.

Theory for Film Practice Essay Example | Topics and Well Written Essays - 1500 words

Theory for Film Practice - Essay Example Film form is thought to be the overall system of particular relations that can be found among the film’s elements. While all of them are classified either as narrative or stylistic, in this paper I will focus on the latter. To stylistic elements, mise en scene, editing, cinematography, and sound are referred (Keuthan). When the sound was introduced to the silent cinema back in 1927, its integration became the subject of hot debate ranging from passionate approval to criticism expressed by film critics of the time. Indeed, as Dale observes, â€Å"sound invasion in the cinema brought about many crises†, so that the techniques used to produce silent films were subject to complete revision (Dale 637). In the centre of the continuous debate was the role and necessity of sound, if it was thought necessary at all. While the public immediately fell in love with the sound film, a lot of film directors, aestheticians and many film critics argued that integration of sound in the f ilm â€Å"was a disaster that would destroy the cinema as a unique art form† (Fabe 59). Opposing the views expressed by the early sound theorists that sound creates obstacles to better conveying the film’s message, this paper contends that sound is crucial to conveying the film’s message through imagery. Let us first discuss the arguments by the early sound theorists against the integration of the spoken word into the cinema. In particular, the aesthetic disadvantages of the new technology need to be observed. Having done this, I will focus on pro-sound arguments developed by another set of film theorists at that time, as well as make references to the contemporary theory of film sound. One of the most passionate anti-sound theorists was Bela Balasz. He contended that the primacy of image ensures deep communicative force of the film. Since speech is far less expressive than the body language that accompanies it, the integration of the spoken word into the cinema would lead to audience’s desensitizing. To illustrate, Balasz said, â€Å"The silent film is free of the isolating walls of language difference. If we look at and understand each other’s faces and gestures, we not only understand, we also learn to feel each other’s emotions† (Balasz as quoted in Fabe 60). Similarly, the film theoretician and historian of art Rudolph Arnheim argued against the inclusion of literal voices into film supporting his argument with the claim that images themselves speak. Moreover, Arhnheim not only advocated the anti-sound position, he called for the silent film’s return. Close analysis of Arnheim’s views helps to understand the essence of most radical anti-sound views in the film theory. In his well-known essay â€Å"A New Laocoon: Artistic Composites and the Talking Film† written back in 1938, Arhneim discusses the irrelevance of spoken word in a film. One of his arguments is that the use of sound at the then level of technological development created to the feeling of uneasiness caused by the fact the attention of the audience was torn in two opposite directions. Specifically, Arnheim contends that in a film two different media are struggling with each other to express one thing rather than exerting a united effort and capture the message. The coincidence of these fighting voices results in violation of aesthetic laws by films with sound, as Arnheim posits it (Arnheim 164). Partially sharing Arnheim’s critical views on the use of spoken word in

Financial System and Intermediaries Assignment Example | Topics and Well Written Essays - 1000 words

Financial System and Intermediaries - Assignment Example This role is performed by intermediaries by taking the advantage of economies of scale while markets do the same by facilitating offer and trade of assets that comprise investors’ portfolios (Gup, 2011, Pg. 11) Financial intermediaries are the financial institutions such as banks, building societies, investment banks pension funds or insurance companies. Financial intermediaries include insurance companies that offer risk investment, financial advisers who offer specialist advice saving the investor costs and time in looking for the most suitable investment. Credit unions provide facilities for depositing and lending within a certain community and investment trusts or mutual funds that pool small savings of individual investors to enable a bigger investment trust. They enable small investors to enjoy smaller commission rates that are available on big purchases (Allen and Gale, 2001, Pg. 501). Commercial banks are intermediaries that issue among others savings account deposits. With a 100 000, the investor can open a savings account that will earn interest annually. They carry interest payments and offer time deposits. In this case, interests are earned with fixed terms to maturity (Gup, 2011, Pg. 47). Mutual funds raise funds through the sales of shares to individuals as well as institutions. The shares are pooled to buy a diversified portfolio of bonds, stocks or both. A mutual fund intermediary may keep some of the cash for other investment opportunities that may come up in the future (Gup, 2011, Pg. 82). An investor may also require an adviser as a financial intermediary to help in making the right choice of institution to invest with. Advisers spare investors time and resources that may be spent in the process of looking for a suitable investment bank, firm or institution (Gup, 2011, Pg 87). There are numerous banks in the UK that offer financial services to people all over the world. Barclays bank is