Accounting Software Packages Accounting Programming

Question: Portray about the Accounting Software Packages for Accounting Programming. Answer: Presentation It is essential to pick the correct bookkeeping programming virtual products and bundles with the goal that associations can set aside time and cash, do less mix-ups, and extend a dominating discernment of business accounts. Amazing business bookkeeping or composing PC programs is proposed for individuals who are not bookkeepers. Essential bookkeeping programming or bundles and PC programs are modest and extremely simple to utilize. This report incorporates the writing survey on best bookkeeping programming packeages used in the country Australia. Bookkeeping programming bundles utilized in Australia:Literature survey The going with supernatural occurrence in bookkeeping programming might be reliant on associations. On the off chance that any affiliation isn't set up to dispose of its out of date, first class programming pack, customer server, the association might be in a for all intents and purposes indistinguishable condition as those relationship back in the late 1980s they didn't accept that they required PCs. Abbas and Burney in 2016 has seen that the loads and requests of consistence might be behind the review and bookkeeping industry not giving headway its due feature (Abbas and Burney, 2016). Almiron, Almeida, and Miranda state: in all honesty, headway can computerize a significant proportion of consistence announcing, money related revealing, and association reporting(Almiron, Almeida, and Miranda, 2009). Witherspoon and Stone, an authority of PT Partners Accountants and Business Advisors just as the Australian Bookkeepers Network, saw that the couple of affiliations fundamentally needn' t mess with extra reports (Witherspoon and Stone, 2013). That is staggering when an association considers its error rates and comapares it with different associations then they need bookkeeping programming bundle to monitor quarter to quarter game plans in the association, overall gains, pay, or to check whether their costs are broadening or not. Working with a specialist or assistant on standard detailing could give better outcomes. The computerization of little business associations bookkeeping need an electronic framework for the clarification of the association bookkeeping subtleties. Associations bookkeeping programming can make the BAS report, and the association need the best bookkeeping programming bundle, clearly, even assistance to fill the paper and make a records with the ATO, and bookkeeping programming conceivably diminishing the ATO's expenses and speeding the bookkeeping work. Adjacent to the furthest limit of-quarter and end-of-year tasks, the bookkeeping programmin g truly makes it simple to pick the obvious work with the assistance of bookkeeping programming bundle. Afterward, Hyvnen, Jrvinen and Pellinen clear up why this can be valuable (Hyvnen, Jrvinen and Pellinen, 2006).The opportunity to set up associations bookkeeping composing PC programs is when affiliation begins a business. It is basic thing that they ought to do bringing about getting unmistakbale bookkeeping work, says S. Quinn and Pope (S. Quinn and Pope, 2014). Despite the way that they intend to do their own particular accounting promise them to set up the bookkeeping programming bundle expertly. It is anything but a critical undertaking, and once it's done fittingly association can use it for best accouning work. Regardless, ignore the principle issue and associations are detailing an inappropriate figures in the BAS and remuneration cost shapes, as well, has had an incorrect perspective of how the business is performing. In the event that a business isn't sufficiently enormo us to legitimize even lower bolster accounts partner and neither the directors nor their life accessories require the vocation, associations can draw in an accounting association. It might merit searching out one with a tendency in the field of business on the off chance that in the event that they are a maker, a delegate that has ahead of time as of late dealt with the accepted procedures which may not fit appropriately. Bookkeeping Software Packages Example As per the examination of James in 2013 MYOB is extraordinary compared to other bookkeeping programming programs in Australia, and it might be a best and basic working bookkeeping programming bundle (James, 2013). The stage was framed start with no outside help to play out association conventional bookkeeping limits. In any case, in spite of this, it was formed to help business visionaries develop favorable position and choose better choices with a reliable perspective of a business' cash related tasks. For some Australian business visionaries, the ATO satisfying breaking point is a giant fascination. MYOB's free ATO-guaranteed SuperStream game-plan is relied upon to assist relationship with remaining top tier with the consistence duties also enables to associations to work online with the accounting staff. As indicated by the Small Business Administration, there are around 121 million relationship with under 500 pros in the Australia. On the off chance that every one spent in genera l 1,000 on bookkeeping associations and programming yearly the potential business region would be 120 billion(James, 2013. Law and Robson express that Intuit is evaluated to have 89% piece of the general business of the little business bookkeeping and commitment programming (Law and Robson, 2011). Utilizing their 2009 compensation of 3.1 B associations gets the thing bit of that cost would be about 3.5 billion, and leaving 56.5 billion for little business bookkeeping associations. As appeared by the Creswell report in SBA there are about 1.3 million little bookkeeping or accounting firms with the goal that derives the regular gross pay would be about $43,000. Bookkeeping programming packs from QuickBooks lead the business part. QuickBooks' associations bookkeeping programming wraps have ended up being the most overwhelming among owners of little and medium surveyed affiliations. There are differing explanations behind this, yet a victor among the most fundamental is that they needn't issue with much relationship in bookkeeping to utilize them plausibly. Practically anybody can present and utilize the thing for their business. Affiliation's records can be recorded rapidly and precisely unquestionably. Such settlement proposes that business visionaries are slanted to have progressively opportunity to focus on different business turns out to be, for example, meeting providers and building up their thing goes. Further, Witherspoon and Stone have announced that the perceptible nature of QuickBooks' degree of programming exercises for negligible, medium and making affiliations starts from the way that business visionaries can deal with their advantages without the need for formal bookkeeping prepare. Industry-explicit things: Each industry has extraordinary prerequisites, strategy and association fundamentals (Witherspoon and Stone, 2013). By making programming that ponders this, QuickBooks wound up being ordinarily utilized by nearly nothing and medium-size relationship in different undertakings far and wide. Notwithstanding, Ogilvy and Riggs determine that most little business bookkeeping composing PC program s is amazingly modest (Ogilvy and Riggs, 2014). Computerized off-site stronghold is clear. In the event when bookkeeping programming bundle is utilized truly in the associations can get more course and less poor work from the bookkeeper at a similar cost. Cloud and mutt cloud structures can give the associations agent live access to the records. Information may begin from bank takes care of, reports conveyed with a few ticks. BAS might be held up electronically. For all intents and purposes, the space required is liberated from the proportion of information being made sure about. Digitizing any intriguing paper reports, for example, receipts to additional room is effortlessly finished with the assistance of bookkeeping programming package.Shubik in 2011 reports that most little business bookkeeping composing PC programs is very cheap.Automated off-site stronghold is fundamental (Shubik, 2011). Cloud associations and another support arrange lock into a flood of parts. Exchanging between endeavors requires exertion. Bookkeeping programming may broaden the charges whenever utilized dishonorably, and afterward increment the work for the bookkeeper. There is a danger that an agent or bookkeeper may concentrate on gatherings or spftwares that suits their business instead of associations. The working nearness of hard plates gathers a concentrated help association is essential. At the point when associations perform programming audits, bookkeeping bundle lifes go is continually become increasingly mind boggling and become assurance part for associations and everybody watched out for programming applications. An advantage application like CommonCents is a pleasant case of a come and gone money application. Considering current conditions, while getting some information about and choosing the quick overview underneath of the best little business bookkeeping programming in Australia, associations foreseen that would guarantee that they were choosing those with a high likelihood of being around one year from now, quite a while from now, or even a long time from now. Ogilvy and Riggs express that the related clients headway, compensation limit, perceptible quality, and client audits are required to survey each bookkeeping programming package(Ogilvy and Riggs, 2014). Concerning life scope of little business bookkeeping programming applications, pay is probably the best part. Carter contemplates clarify that a stage that is losing cash should be sold sooner or later or close down. In that limit, associations concentrated on paid and free bookkeeping programming with compensation making potential. Just considering the way that a bookkeeping composing PC programs is free doesn't mean it's anything but a compensation generator. End Prior to choosing any choice for choosing best bookkeeping programming, negotation with dealers, complete gander at the instruments, download preliminary translations if accessible, and shout out with different affiliations those give bookkeeping programming bundles to per

Why Humanities Are As Important As Technology Science

Why Humanities Are As Important As Technology Science What is a STEM? It is a shortened form for such trains as science, innovation, designing and arithmetic. Over the span of the history, numerous government officials were attempting to put the fundamental center onto the STEM. Ordinarily, this must be done to the detriment of the humanities. Is this a right arrangement and what are the results of applying it to the instruction framework? Moving of the instructive needs to the kindness of STEM Sooner or later, Kentucky representative Matt Bevin needed to offer a money related help to those understudies who are studying electrical building while at the same time cutting assets for the individuals who study writing. Representative Marco Rubio of Florida (and a previous presidential applicant), expressed that the country needs to have more welders and less logicians. Clearly, their choices were directed in light of the best goals. Be that as it may, would they be able to be correct? Is the accentuation on the STEM is all that is required for the mechanical advancement of the mankind? Are humanities various subjects which don't impact in any capacity on the advancement of the economy? Would we be able to bear the cost of ourselves to overlook them? Well known tech individuals and humanities A tech proficient Steve Jobs once stated, â€Å"Its in Apples DNA that innovation alone isn't sufficient that its innovation wedded with aesthetic sciences, wedded with the humanities, that yields us the outcome that makes our hearts sing†. Imprint Zuckerberg, a fellow benefactor of Facebook, exceeded expectations in contemplating Greek and Latin alongside getting the hang of programming. Fareed Zakaria, a writer of the book â€Å"In Defense of a Liberal Education† wrote in his Washington Post section, â€Å"Consider Americas huge media outlet, worked around stories, melodies, structure and inventiveness. The entirety of this requires abilities a long ways past the contributions of a restricted STEM curriculum.† Likewise, the previously mentioned Kentucky representative Matt Bevin moved on from school with a lone rangers degree in East Asian examinations. Would we be able to succeed if the fundamental consideration is on the STEM as it were? Our political pioneers take a stab at the better monetary eventual fate of the mankind. Be that as it may, they predominantly put an accentuation on the specific sciences and disregard the enormous effect of humanities on the mechanical turn of events. Numerous scholastics dread that the enthusiastic help of science and innovation will cause the disregard of the humanistic orders, which, in its turn, will get the negative outcomes the general improvement of the mechanical world. Expressions and humanities are essential for the basic reasoning, critical thinking and a discerning dynamic. Having the option to overlook customary limits and realizing how to communicate and shield conclusions will just make ready for new developments. In 2013 a review was held by the Association of American Colleges Universities. 318 businesses with in excess of 25 representatives partook in the examination. The outcomes were the accompanying practically the entirety of the tried individuals were persuaded that the capacity to think basically, convey obviously, and take care of complex issues rapidly are substantially more significant than the specific employment particulars. In other words, the ability of reasoning innovatively and basically †and that is an expertise which can be adapted chiefly by contemplating humanities †is urgent for arriving at individual and worldwide achievement. Clearly, the specialized advancement is indispensably significant for the mankind, and financing of the specific sciences must be more than adequate. Be that as it may, it ought not be done to the detriment of the humanities. Taking an appropriate consideration of the humanistic orders isn't simply significant. It will improve the effect of the STEM essentially and we as a whole will profit by this.

Personal Ways of Knowing Essay Example | Topics and Well Written Essays - 1000 words

Individual Ways of Knowing - Essay Example To be sure, these early encounters more likely than not molded and coordinated my inclinations towards a vocation in social insurance. In school, I made my first strides towards turning into a human services proficient when I began a multi year Bachelor’s Degree in Nursing. As I would like to think the job of the attendant isn't simply performing set assignments to mitigate a clinical condition yet rather to adopt an all encompassing strategy and regarding the person all in all and not similarly as a clinical case! With all encompassing consideration not exclusively is the clinical condition treated yet the patients’ general prosperity and fulfillment is likewise upgraded. As a medical caretaker along these lines every one of my endeavors are coordinated toward aiding and supporting the patient to recoup and get fit for dealing with his/her needs. Patient’s security is, obviously, an indispensable piece of ideal consideration whereby basic reasoning ought to be u sed to maintain a strategic distance from any blunders or mix-ups in conveying care just as tackling some other business related issues. In fact, being a medical caretaker includes significantly more than performing specialized errands. It requires an individual and expert responsibility for compelling conveyance of objectives and destinations. After I graduated and finished a one year entry level position I began my excursion in nursing by working in King Faisal authority emergency clinic as RN in neuroscience ward for one year. As I was anxious to learn new aptitudes and increase more information, I joined up with one year Diploma in Critical Care licensed by Saudi chamber. The confirmation outfitted with fundamental abilities and information to work effectively in the ICU for just about two years, giving consideration to basically sick patients. During this period I was at times doled out to show the new staff and nursing understudies as a preceptorship. I delighted in this showi ng experience, getting myself able to encourage and give information to others just as being able to disclose things to my understudies plainly. This was additionally a critical period when I understood that securing of information is a progressing procedure and should be received inside the work culture. I understood that I like to instruct and chose to move to scholastic field. I firmly accepted that I can possibly turn into an uncommon educator. Toward the finish of 2008, I was acknowledged to function as showing collaborator at King Saud canister Abdulaziz University for Health Sciences, Nursing College (KSAU). I was mindful to encourage the new information, aptitudes, and practice to the nursing understudies during their clinical day. Likewise, I was helping them in applying hypothesis to rehearse. As an educator, I comprehended the significance of ‘knowing’ and the procedure by which the individual information gathered is utilized inside the calling to improve and ad lib the result. Watchman (2010) underscores that proof based practice significantly encourages in dynamic procedure being taken care of by singular patients. I bolster the view since individual patient’s needs are extraordinary while the treatment could be like others. While working in KSAU, I was granted a full grant to concentrate abroad to help widen the information on scholastic and clinical nursing by the realm of Saudi Arabia. I took the test that this open door had offered fundamentally in light of the fact that I am devoted, propelled, and aspiring to proceed with my advanced education. Mantzorou and Mastrogiannis (2011) declare that realizing the patients is essential element of successful nursing practice that flourishes with clinical learning, advancement of subjective, natural and experiential and individual information

Nursing Colostomy Checkups And Maintenance - 3300 Words

Nursing Colostomy Checkups And Maintenance (Essay Sample) Content: NAMEINSTRUCTORDATEINSTITUTIONTASK1a)Identify the factors that you would need to consider prior to and during an assessmentPrior to assessment of the above-named patient, identification of the intermediate needs should be done first, some of the factors to be considered here are: any possibility of infection risks, manual handling risks to the patient due to his permanent colostomy and the contact details of his son. During the assessment process, the health status, cognitive ability, the tools that are to be used for assessment should be assessed first like pain assessment tool to provide accurate results after assessment. (Ainsworth 2013 pg. 327)1b)Using the information from the case study, identify and define three (3) physical or psychologically factors that will need to be implemented into Mr. Botts care planConsidering Mr. botts conditions during admission and assessment the following factors should be put into consideration when implementing his care plan:Colost omy checkups and maintenance * the pouching system should be checked regularly and changed at the appropriate time * provision of a well-balanced diet to maintain the colostomy state should be providedfor physical care the following factors should be considered:provision of full range motion to maintain joint mobility to prevent venous stasispositioning- the patient should be positioned in a good manner to prevent contractures and prevent compressive neuropathiesmanagement of sensory difficultiesfrequent assessment of the skin with emphasis on the bony areas and other depended body parts to check for signs of breakdownestablishment of an exercise program to help him recover to his normal conditionpreparations for ambulation- as soon as the patient starts to get well, an active rehabilitation to help him maintain balance while suiting and standing should be done. (Sardina 2013 pg. 105)1(c)The pulse rate for this patient is beyond the range of a normal person, the correct pulse range lies between 60 to 100Respiration-the normal range should be 12 to 16Blood pressure, the normal range should be between 120 over 80 (120/80) to 140 over 90 (140/90).(Sellier, 2013 pg. 153)2. I will use the following data to perform neurological observations * eye opening * appropriateness of vocalization * motor activity * Level of consciousness.The level of consciousness that may deteriorate if there is a problem in relation to the brain in case of injuries to the brain, space occupying lesion such as brain tumor, increased intracranial pressure which can be determined by checking at the amount of brain tissue, blood and cerebrospinal fluid within the skull cavity. * Pupillary reaction.Note if the pupil sizes are equal. A pen torch with a bright narrow beam is recommended. Similarly observe the pupils reaction to the beam light. A change in pupil size and subsequent reaction to light indicates increase of the intracranial pressure. * Vital signs.-Respirations - Note down the rate, depth and pattern of breathing as the brain controls breathing. Any problem with the brain can affect respiration activity-Temperature. The temperature should be taken into account since the hypothalamus regulates the body temperature. Therefore, any minor problem with the hypothalamus will result to abnormal temperatures.-Blood pressure and pulse. A raise in the intracranial pressure will result to increased blood pressure, and a fall in the respiratory rate and the bradycardia * Motor function.Assessment of the lower limps can depict the functioning of the spinal. Involuntary movement of the patients limp may be a result of cerebral dysfunction.(Sellier, 2013 pg. 79)3. considering Mr. botts age, his care plan should be planned in such way that he should be treated with respect, and addressed properlyMr. Botts beliefs are important and should be taken into consideration in his plan care. The nurses should be aware on how his spiritual beliefs play a part in health-related decision- making. For example, do they have deep religious convictions, or do they view their religion primarily and try to incorporate them into the care planMr. Botts cultural practices should be considered when planning for his care plan in that, the nurses should consider on how the cultural beliefs can affect his healing process and adjust it to suit his cultural beliefsThe care plan should also cover on Mr. Bott practices and how they might affect medical treatment, rehabilitation and their overall health and wellbeing.How diagnosis may affect their spiritual worldview.What their needs and wishes are while in hospital, including if they would actively like to see a chaplain.An environment that is respectful to his beliefs and culture should be created4. steps involved in changing colostomy bag * Washing of hands and cleaning of procedure gloves * Folding of the linens to expose the ostomy site, a clean towel is placed across the abdomen of the patient under the pouch that exists * The p atient is positioned in such a way that skin folds doesnt occur along the line of the stoma * The pouch is opened-if openable by removing the clamp and unrolling it at the bottom. * If the pouch is drainable, the existing ostomy pouch is drained into a bedpan * Using one hand, the old fastener is removed from the skin gently starting from the top to downward direction. The other hand is used to hold tension on the skin in the opposite direction of the pull. In case of any resistance when removing the fastener, adhesive remover is used * The stoma and peristomal skin is inspected. The stoma and skin are cleaned using mild soap and the area is allowed to dry. * The size of the stoma is measured using appropriate method and a clean gauze pad is placed over the stoma * After removing the glove and washing hands, the size of the opening is traced on a paper that is at the back of the new fastener * The traced paper is peeled off from the fastener. For those ostomy fasteners that come wit h an outer ring of tape attached, the backing should not be removed until the fastener is positioned securely. Ostomy skin care products are applied at this stage * The gauze is removed followed by centering of the fastener opening around the stoma. For a open-ended pouch, the end is folded over the clamp until it clicks to ensure it is secured * Some warmth is applied to the new fastener to warm the adhesive ring-this makes it to stick better * The patient is returned to a comfortable position as the used ostomy pouch is disposedProperly(Sardina 2013 pg. 102)5a) Outline 3 risk factors associated with immobility, providing a brief explanation of each one chosen.The risk factors of include;Urinary systemThe stroke patient is prone to developing a urinary tract infection, urinary tract infections, renal calculi, and even urinary stasis because of many potential factors including a preexistent atonic bladder, the change in urogenital flora with hospitalization, possible comorbid condit ions, such as malnutrition and prostate enlargement, poor perineal hygiene, and most importantly, the common use of a Foley catheter. Postvoid residual urine is often increased because of incomplete relaxation of perineal muscles during supine voiding. Also, gravitational forces and intra-abdominal pressure have a lessened effect on supine voiding.The best preventive strategies include; * Hydration * Early mobilization * Investigate for secondary causes of retention * Prompted voiding * Intermittent catheterization, as necessary * Avoid Foley catheter drainage, if possibleCirculatory systemThe circulatory system is affected by immobility. The risks associated with may include venous dilation, decreased blood pressure, edema, thrombophlebitis and even orthostatic hypotension. The risks can be minimized by executing leg exercises, use of sequential compression devices and initiation of falls risk prevention measures. The preventive strategies are * Early mobilization * Elastic stockin gs * Slow deviation from supine to sit to stand * Daily "leg dangling" * Adequate fluid intakeFor Cardiovascular, Orthostatic hypotension, preventive strategies should be; * Early mobilization * Elastic stockings * Subcutaneous heparin * Range-of-motion joint exerciseMetabolic and Endocrine Effects such as OsteoporosisAlthough usually not recognized as clinically important, there are major metabolic and endocrine changes with bed rest and immobility. These changes occur slowly and insidiously and require a prolonged recovery period for reversal. The risks of decreased rate of metabolism can result to unintended weight gain, negative calcium secondary to the loss of calcium from the bones during immobilization and anorexia are a result of immobility and the best preventive strategies should be(Ainsworth 2013 pg. 58)5 b) assessment tool before Mr. Bott is movedPeristomal skin. The skin around the stoma should be intact without being eroded, rashes and lacerationsAppearance of the stom a, if the stoma is shiny or bloody, superficial bleeding during routine cleaning is normal while one that does not stop may be a sign of stoma complication that might be as a result of inadequate hemostasis during stoma changing or construction processThe shape of the stoma. the shape of a normal stoma should be oval, round or irregular and it can vary with peristaltic movements of the intestinesThe size of the stoma and protrusion.(Sardina; 2013 pg. 45)5c) Mr. Bott has agreed to sit in his chair for lunch. Identify six (6) factors that the nurse will need to consider before assisting...

The Differences Between Dementia And Alzheimer s Disease

When a lot of people think about dementia or Alzheimer’s disease, they usually use the two interchangeably and think they have to do with memory. It is true that they have to do with memory, but there are major differences between dementia and Alzheimer’s disease. Misconceptions and lack of knowledge can lead to death or injury, which is why initiatives like Healthy People 2020 are so important. Dementias and Alzheimer’s affect a person’s daily life in many ways and it can be dangerous or deadly if not diagnosed and dealt with properly. It is important that there is an increase in people and their caregivers who are aware of the diagnosis and a decrease in preventable hospitalizations. Before explaining why this initiative is so important, it is necessary to explain the differences between dementia and Alzheimer’s disease. Dementia is actually not a disease. It’s a bunch of symptoms and is seen more as an umbrella term ( ). It is generally us ed to describe the loss or decline of cognitive functioning to the point where it affects the person’s daily life. Dementia occurs in people who have diseases such as â€Å" â€Å" ( ). It is generally seen as an elder problem that develops as someone ages, but this is not necessarily true. Most people who have dementia or Alzheimer’s are 65 or older, but there is a type of dementia that affects younger people. This type is called Early-Onset Dementia (EOD) that affects people under 65 years, while 65 years and older would be Late-Onset DementiaShow MoreRelatedThe Difference Between Dementia And Alzheimer s Disease1523 Words   |  7 Pagesexplaining the difference between Dementia and Alzheimer s disease. Dementia is not a disease, it is a term used to describe Neurological conditions that involves some form of serious mental disorder such as memory loss, confusion, and impaired judgment. Alzheimer s is an actual disease, which is a form of Dementia and the most co mmon type of Dementia; it is accountable for 60% - 80% of all cases of Dementia. Dementia has been around for many years dating back to the 1900 s. Dementia refers to aRead MoreAlzheimer s Disease Is The Most Common Form Of Dementia1086 Words   |  5 PagesDo you know what alzheimer’s disease is? Alzheimer’s disease is the most common form of dementia. It is the seventh leading cause of death in the United States, and the fifth leading cause of death in ages 65 and older. â€Å"2010 Alzheimer s Disease Facts and Figures. Rep. Vol. 6. Chicago: Alzheimer s Association, 2010. Print. Alzheimer s and Dementia.† This disease is the deterioration of the brain that can, and probably will lead to brain loss that cannot be reversed. 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Memory in this sense is not bound to the idea of experiences worth cherishing, but also incorporates loss ofRead MoreAlzheimer s Is A Difficult Disease1737 Words   |  7 PagesAlzheimer’s is a difficult disease for everyone to understand. This disease has diverse effects on each person diagnosed with it. Considering that the symptoms are similar to other diseases and syndromes, it may be hard to know the initial cause of the disease itself. Knowing if someone truly has Alzheimer’s only comes after the person’s death and an autopsy is performed on the brain. By better understanding the disease with information that we already have, it will help further assist alongsideRead MoreAlzheimer s Disease And Its Effects1188 Words   |  5 Pages Alzheimer s disease is a cognitively degenerative disease with irreversible side effects. The disease was first discovered in 1901 by the late German psychiatrist Alois Alzheimer while he was working with a fifty year old patient by the name of Auguste D. Since the disease s discovery, scientists, psychiatrist, and many other medical professionals have worked diligently to learn more about the disease s effects and potential treatments to hinder its rapid progression. Alzheimer s disease isRead MoreAlzheimer s Disease : A Common Neurodegenerative Disease1110 Words   |  5 PagesAlzheimer’s disease is a common neurodegenerative disease. It is the most common form of dementia which is a general term for memory loss and other intellectual abilities serious enough to interfere with daily life (Alzheimer’s Disease Dementia). Dementia and Alzheimer’s have been around for centuries, but Alzheimer’s disease wasn’t first described until 1906 by Dr. Aloysius Alzheimer. In the past, there was a stigma for elderly people with the disease. People with dementia and Alzheimer’s were

Globalization And Its Impact On Globalization - 2171 Words

There has been a lot of debates around the subject of globalization. It has been delineated as an instrument for modernisation as well as a mortal risk and threat. In addition, the term globalisation has a wide range of definitions while the most pertinent definition from the World Health Organisation (ref) express that â€Å"Globalization, to the increased interconnectedness and interdependence of people and countries, is generally understood to include two interrelated elements: the opening of borders to increasingly fast flows of goods, services, finance, people and ideas across international borders; and the changes in institutional and policy regimes at the international and national levels that facilitate or promote such flows.† According to a few authors, globalization has been accompanied by an expanding rate in inequality as far as income distribution, and this has happened both in developed and the developing countries. Be that as it may, globalisation is said to be the reason for economic crises, destruction of the earth, furthermore the immense rise in global inequality. Supporters of the anti-globalization organization contend that â€Å"globalization has dramatically increased inequality between and within nations† (Mazur [2000]), and specifically that is has minimised the poor in developing nations. Meanwhile, more direct mainstream politicians contend that the poor must put resources into training to take advantage of globalisation (Clinton [2000]). Under a basicShow MoreRelatedGlobalization And Its Impact On Globalization2301 Words   |  10 PagesINTRODUCTION Globalization refers to an integration of national and regional economies, societies and cultures through the global network of trade, communication, immigration and transportation. The concept of globalization has been in operation for centuries and remains extremely fast-growing. The World Health Organization defined globalization to depict an increased interconnectedness and interdependence of peoples and countries. The contents of this essay will attempt to ascertain the noveltyRead MoreGlobalization And Its Impact On Globalization1097 Words   |  5 Pagesactivities that connects to globalization. Globalization in a broad sense is the process or processes that increase the movement of people, culture, technology, ideologies and information across the world. In the case of technology everyday activities are becoming faster, closer, and easier than they had ever been. It allows us to have access to virtually anything, communication has never been easier. The technological a dvances all around the world is a result of globalization. With a click of a buttonRead MoreGlobalization And Its Impact On Globalization923 Words   |  4 Pagesthere is one term that has become greatly more popular in our generation. This would be globalization. Globalization is discussed about by many people even myself included, but do we really know what it further entails? Globalization has allowed many countries to come together and succeed in more efficient markets, wealth equality, and new solutions for all that are involved. Furthermore, we must analyze globalization, look at different arguments for and against it, and discover what purpose it’s tryingRead MoreThe Impact Of Globalization And Globalization1582 Words   |  7 PagesThe expansion and globalization of modern, international corporations and the actions of some powerful individuals are affecting the indigenous people of the lands they invade and deface for the â€Å"greater good† of mankind. Whol e tribes and ways of life are being eradicated to make way for hydroelectric dams, mines, million-acre mega farms, canals, and bridges. 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For others, however, the word has conjured up deprivation, disaster and doom.’ Globalization is truly a complex phenomenon. It indicates that the world today is getting smaller because people from all around the world are interconnect than before. Globalization is driven by a combination of economic, technological, sociocultural, and political factors. In this paperRead MoreThe Globalization Of Coffee : The Positive Impact Of Globalization1561 Words   |  7 PagesGlobalization as impacted numerous fields of business, the coffee industry is been impacted equally directly and indirectly. Some corporations have taken such a simple product and turned into an everyday life. According with the article â€Å"Coffee days† (2011), cheap chain coffee shops have significantly changed the social space. Globalization impacts all aspects of the coffee supply chain sinc e the consumption of coffee in the developed world influences those in the developing world. 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Globalization, according to the Merriam-Webster dictionary, is â€Å"the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets† (Merriam-Webster). Many people in the world see globalization as eith er being a blessing or a curse, and necessary or completely unnecessary. This paper will explain that globalization has both benefitted and damaged theRead MoreGlobalization And Its Impact On Country1578 Words   |  7 PagesGlobalization is the process in which people, companies and governments from different nations globalize their trade or business at international level. Globalization is not a new process, In past years people used to imports and exports of things at a long distance from their hometown to another place but nowadays globalization is very powerful and have a new face and it has been spread all over the world. Globalization is a good way to connect countries, people and do trade on a large scale and

Fossil Record free essay sample

Fossils (from Latin fossus, literally having been dug up) are the preserved remains or traces of animals (also known as zoolites), plants, and other organisms from the remote past. The totality of fossils, both discovered and undiscovered, and their placement in fossiliferous (fossil-containing) rock formations and sedimentary layers (strata) is known as the fossil record. The study of fossils across geological time, how they were formed, and the evolutionary relationships between taxa (phylogeny) are some of the most important functions of the science of paleontology.Such a preserved specimen is called a fossil if it is older than some minimum age, most often the arbitrary date of 10,000 years ago. [1] Hence, fossils range in age from the youngest at the start of the Holocene Epoch to the oldest from the Archean Eon several billion years old. The observations that certain fossils were associated with certain rock strata led early geologists to recognize a geological timescale in the 19th century. We will write a custom essay sample on Fossil Record or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The development of radiometric dating techniques in the early 20th century allowed geologists to determine the numerical or absolute age of the various strata and thereby the included fossils.Like extant organisms, fossils vary in size from microscopic, such as single bacterial cells[2] only one micrometer in diameter, to gigantic, such as dinosaurs and trees many meters long and weighing many tons. A fossil normally preserves only a portion of the deceased organism, usually that portion that was partially mineralized during life, such as the bones and teeth of vertebrates, or the chitinous or calcareous exoskeletons of invertebrates. Preservation of soft tissues is rare in the fossil record. Fossils may also consist of the marks left behind by the organism while it was alive, such as the footprint or feces (coprolites) of a reptile. These types of fossil are called trace fossils (or ichnofossils), as opposed to body fossils. Finally, past life leaves some markers that cannot be seen but can be detected in the form of biochemical signals; these are known as chemofossils or biomarkers

Samsung Strategic Management free essay sample

1. Introduction 1. 1. Background The Samsung Group was founded by Byung-Chull Lee in 1938, in Taegu, Korea, as an exporter of dried fish, vegetables and fruits. Byung later established flour mills under the name Samsung, which means three stars in Korean language. He also produced confectionery machines in this period. In 1951, Samsung Moolsan, a holding company, was established which later The building of Samsung Sanghoe in Daegu in 1930s became Samsung Corp. in 1953, Cheil Sugar Manufacturing Co. was set up, which later became an independent company. In 1958, Samsung acquired Ankuk Fire and Marine Insurance (later renamed as Samsung Fire and Marine Insurance) and DongBang Life Insurance in 1963 which was later renamed as Samsung Life Insurance. In 1966, the Group founded Joong-Ang Development, an entertainment theme parks and services company, which was later renamed as Samsung Everland. In 1969, Samsung Electronics Manufacturing Co. (SEMC) was incorporated. In the 1970s, the Samsung Group forayed into the shipbuilding, chemical and petrochemical industries. We will write a custom essay sample on Samsung Strategic Management or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In 1972, Samsung Electronics started to make black-and-white television sets for domestic and Original Equipment Manufacturer (OEM) markets in its factory in Seoul. In 1974, the Group acquired a 50% stake in Korea Semiconductor Co. a joint venture between Korean Engineering Manufacturing Co. and Integrated Circuit International. SEMC started exporting its products in the 1970s. In 1978, the Group’s electronics exports crossed the 100 billion won mark. In February 1984, SEMC was renamed as Samsung Electronics Co. Ltd. In 1980, Samsung acquired Korea Telecommunications and merged it with Korea Semiconductor, forming Samsung Semiconductor and Telecommunications, which then merged with SEC in 1988. In mid 80s, the small design was divided into three product areas – domestic appliances, telecommunications and computers serving an engineering driven culture in Suwon. When Byung-Chull Lee passed away in November 1987, his son, Kyun-Hee Lee, became Samsung’s chairman. In 1990, an industrial design department was established under Kook-Hyun Chung, who had joined the company in 1977 as an industrial designer. In 1995, Samsung began to mass-produce LCD Page | 5 isplays for both computers and TV sets and grew to be the world’s largest manufacturer of liquidcrystal display panels after a decade. By 2005, Samsung overtook Sony as one of the world’s most popular consumer electronic brands and now holds a position of 19 in the world rank. Samsung is considered to be the second largest by volume producer of cell phones after Nokia with a leading market share in the North America and Western Europe. 1. 2. Company Profile Samsung is the World’s largest multinational conglomerate corporation founded in 1938 by Lee ByungChul in Samsung Town, Seoul, South Korea. It has been the world’s most popular consumer electronic brand since 2005 and is best known South Korean brand in the world. Samsung is an ethical business as a digital leader with a responsible global citizen and a multi-faceted family of companies. At Samsung Group and Samsung Electronics, the products, people and approach to business are held to only the highest standards so that they can more effectively contribute to a better world. The Samsung Group is composed of numerous international affiliated businesses united under the Samsung Brand including Samsung Electronics, Samsung Heavy Industries, Samsung CT and Samsung Life Insurance. These businesses have always been able to hold a position in the world’s top business ranking providing the most powerful revenue and market share worldwide. Samsung Electronics is the sole monopoly dominating a single market in Korea and now around the world for its fastest design based products. The company has a powerful influence on the country’s economic development, politics, media and culture, being a major driving force with a total of 173,965 employees till June 30 2010 (Samsung Company Profile). Samsung Financial Highlights in 2009: Revenue: Total Assets: Net Income: Total Equity: USD 172. Billion USD 294. 5 Billion USD 13. 8 Billion USD 112. 5 Billion Source: Samsung Annual report 2009 Page | 6 1. 3. Values and Philosophy Samsung Philosophy â€Å"Devote talent and technology to creating superior products and services that contributes to a better global society†. Samsung Values: People Excellence Change Integrity Coprosperity Samsung Values, Source: Sam sung Official Page | 7 1. 4. Samsung Vision â€Å"Inspire the World, Create the Future† Creative solutions Industry New techonology Innovative Products Partner Employee Samsung Vision, Source: Samsung Official Website 1. 5. Samsung Principles comply with laws and ethical standards maintain a clean organisational culture Samsung Business Principles respect customers, shareholders and employees care for environment, health and safety socially responsible corporate citizens Samsung Principles, Source: Samsung Official website Page | 8 2. Competition As a global company, Samsung Electronics did not hold its business disciples within Korea but decentralised them locating them throughout the world. R D investment grew from $1. 81 billion in 2001 to $5. 34 billion with an increment 9. 4 percent of sales. With around 32,000 researchers in 16 research centres, Samsung had one of the largest RD organizations in the world. In 2005 alone, it registered 1,641 US patents ranking fifth at the US Patent Office (Freeze Chung, 2008). The following figures show the financial trends since 2000 to 2005: 2000 2001 2002 2003 2004 2005 Consolidated Sales 34. 6 35 48. 7 54. 1 78. 5 79. 5 Nonconsolidated Sales Domestic 27. 2 24. 4 33. 3 35. 4 55. 2 56. 7 8. 6 7. 9 9. 3 7. 8 9. 6 10. 2 Exports 18. 6 16. 5 24 28. 6 45. 6 46. 5 Net Income 4. 8 2. 2 5. 9 5 10. 3 7. 5 R D Expenditure 1. 59 1. 81 2. 42 2. 95 4. 59 5. 34 $ billion Samsung Electronics, financial highlights, 2000-2005. Source: Samsung annual reports. IMF Crisis of 1997 brought Samsung to the brink of bankruptcy. Samsung used the occasion to sell off some 100 business and to downsize the company’s workforce by 50,000 people. Samsung Electronics alone lost about 27,000 employees. But within a few years, the company was sustaining a sharp upward course on all fronts. Samsung increased its focus on its electronics division that has now become Page | 9 Samsung Electronics, which has gained global prominence as well as significant market shares worldwide despite from its Japanese and European counterparts. In 2005, the company reorganized into five businesses: Digital Media, Telecommunication Networks, Digital Appliances, Semi-conductors and LCDs. Many of its products enjoyed the leading market share worldwide. Below is the figure of Samsung’s market share in 2004 with selected categories of top three competitors: Samsung Market Shares 2004. Source: Samsung Company document The following figure shows the sales of Samsung Electronics in various regions in percentage. It largely enclosed the Asian market by 42% where as Europe being 24%, America 15% and Korea itself with 18% of sales. The least market share is held by Africa with just 1 %. Percentage of sales by region, 2005. Source: Samsung annual reports 2009 Page | 10 3. SWOT Analysis (Kamath et al. 2006) Strengths i. Market Leading Products: Samsung has a wide range of market leading products and enjoys a strong market position in most of its market segments. It is one of the leading manufacturers of digital TVs, memory chips, monitors, DVD recorders, printers, notebook PCs, DRAMs and much more. The company was the third largest cellphone seller with 12. 7 % global market share, as of the beginning of 2006. Being the market leader helps the company maintain strong brand image and attract customers. ii. Diversified Business Portfolio: Samsung manufactures a wide range of products. This enables the company to take advantage of opportunities within specific markets and locations and at the same time protects it from specific segment-related problems and makes it less vulnerable to a sudden decrease in demand for a particular class of products. The company operations are also spread over 5 major decisions: telecommunication network, semiconductor, digital media, LCDs and digital appliances, in addition to the plethora of products mentioned above. ii. Strong Brand and Global Presence: Samsung enjoys high brand awareness and reputation for innovation and quality. Its brand was ranked 20th in the world with over $ 14 billion value in 2005. A strong brand creates barriers to entry in the markets it operates in and helps guarantee future sales. The company operates in more than 30 countries whic h makes it a true global player. Almost 80% of its revenues are generated outside the Korean market. iv. High Returns: Samsung’s return on average assets, return on investment and return on average equity for the period of 2001-2005 were 10. 5 %, 18. % and 21. 9% respectively, significantly higher than corresponding electronics industry averages of 1. 9%, 3. 6% and 5. 1% respectively for the same period. High returns strengthen investors’ confidence and indicate the management’s ability to deploy assets profitably as well as take reasonable investment decisions. Page | 11 v. Strategic Alliances: Samsung has formed successful strategic partnerships with a number of well-known companies, examples being IBM, Microsoft, Toshiba, Sony and IMEC. Close relationships and cooperation with such companies provides Samsung with valuable technical knowledge. i. Focus on Research Development: Samsung’s strong RD operations enable the company to develop innovative prod ucts. The company’s research and development expenditure has grown from $1. 88 billion to $5. 44 billion over the last four years. The company filed 1,641 US patents in 2005, the fifth highest by a corporation in the US. Strong research focus has enables Samsung to develop several innovative products such as world’s largest LCD TV, the first Blue-ray player, the smallest colour laser printer and the first ultra-mobile PC. Weakness i. Poor Economic Performance: The company recorded poor operating performance in 2005. The operating profit declined by 36 % related to 2004. This decrease was mostly led by lower operating profit in LCD and digital media. Other divisions recorded diminished profits as well and the digital appliance division even had to face a loss. In the past few years the financial results were inconsistent, with repeated ups and downs concerning some crucial financial figures such as earnings before interest and taxes. Revenues declined mostly in America. Such under-performance can weaken the company’s financial position. ii. Bad Product Reception: The company’s sliding phones have not been well accepted in Europe, which affected sales and orders for components of these phones. Samsung may not be able to recover the expenses incurred from manufacturing the phones. iii. High Dependence on One Business: The company is highly dependent on semiconductor business to generate cash flows. The fact that one division contributes disproportionately to operating profit may turn into the firm’s disadvantage in case of a downtown in the sector. With the South Korea won strengthening and competition in the Page | 12 semiconductor business rising, Samsung may find it difficult to keep current profitability levels in this segment Opportunities i. Operating in an industrial with much possibility for innovation: Different electronic devices produced by Samsung offer countless possibilities in terms of their design and functionality. The company invests significantly in RD, so it is able to come up with new innovative products quickly which can satisfy the needs of various customers. It also improves Samsung’s image as an environment-friendly company as they boast of innovative energy-efficient refrigerators, mercuryfree backlights for LCD displayers or lead-free products as proof of their environmental concern. ii. Emerging Asian Markets: Leading technology companies are shifting their production base to Asia, particularly China and SouthEast Asia to take advantage of lower production costs and growing purchasing power of citizens. Those countries represent highly lucrative and attractive markets and provide good growth prospects for Samsung. Its products enjoy an excellent reception in these markets. ii. Growing Global Demand for Modern Technology: Wireless communication chips, LCD-TV panels, 3G technologies and so on are examples of products and industries with enormous growth potential. The LCD-TV market alone grew over 20 million units in 2005. Samsung is well-positioned to benefit from growing demand for those products and ready to win the correspond ing market share. Threats i. Consolidation in the PC Business: The PC business, the largest customer segment of the computer storage devices industry is consolidating. Mergers and acquisitions have resulted in the formation of large clients with higher bargaining power. This is expected to further reduce margins of computer products including monitors, LCD panels and printers thus affecting the Samsung’s margins. Page | 13 ii. Unfavourable Products Specifics and Market Developments: Electronic devices and especially computer hardware and software tend to have short lifecycles which makes their manufactures work on new improved ones all the time. Moreover the market developments in the sector may force a company to reconsider its strategy quite often. This may be the case for Samsung right now that demand is gradually shifting from performance-driven products to entertainment-driven ones like MP3. The demand for DRAM is related to the demand for PCs and for this reason the market for those products is also currently experiencing a slowdown. iii. Image Problems: After getting rid of its poor standing in America in the 1980s and 1990s, when Samsung was selling lowcost and unreliable TVs and microwaves in discount chains, there came the cases of stealing know-how and technology from Japanese competitors, price fixing in some of the company’s business and the chairman receiving an honorary doctorate of a university to which Samsung had earlier donated a large amount of money. These scandals have undermined the company’s image and proven that big and strong brands are vulnerable and exposed. Samsung is now on its way to recover its image; however similar situations in the future may result in a negative brand perception. This would have a lasting effect on sales and general economic performance. iv. Intense Competition: The company’s competitors include LG Electronics, Sony Philips, Nokia and Motorola which are large multinationals with global operations and strong performances. Most of these companies are wellpositioned to match Samsung’s capabilities, if not surpassing it. Intense competition can decrease its market share and adversely affect its already diminishing overall economic performance. v. High Raw Material Prices: The price of copper had soared up in July 2006 by four times compared to 2002 levels. During that period the raw material cost highly increased and hampered in the company’s profits. Page | 14 4. Sustainability Samsung Sustainability Performance, Source: Samsung Sustainability Report 2008 Samsung has designated Economic, Environmental and Social responsibilities as the key elements of their sustainable management. Integrating corporate management and sustainable development is an issue of increasing importance in the business world and in today’s increasing expectations for social and environmental responsibility. In response to it, Samsung has been improving the process of collecting stakeholder’s ideas and setting up corporate-wide vision and strategies for sustainable development. Samsung commits to give continuity: ? ? ? To identify various stakeholders Build positive relationships within Ultimately enhance the value for both the company and stake holders Page | 15 5. Strategy Samsung’s journey towards design excellence started in 1993 when Lee realized that Samsung was paying too much attention to volumes and the cost of production, while ignoring customer value. And therefore he decided to make high quality, exciting products in order to survive in the business world. Although Samsung had no problems in funding and creating the design infrastructure, it faced a more difficult task in convincing the rank and file at the company that design was necessary for survival and growth. Most of the employees were more concerned about costs and volumes than design because it was all about keeping the price down and outselling. In 1996, Lee announced the Year of Design Revolution declaring that design would be Samsung’s strategic edge and priority for investment. Their first Design Revolution was highly encouraged by the traditional Korean culture Taeguk, the dual principle of Yin and Yang, where the company enhanced it’s visualization on the basis of company’s tone and manner and design principles. The overarching theme was harmony expressed by the phrase â€Å"balance of reason and feeling† (Freeze Chung, 2008). REASON Life styling: Compared Lifestyle needs: Problems, trends, behaviour, Values, Unmet needs Innovative: Stay One Step Ahead: Differentiate, Fresh, Inspiring, Clever, unique ideas Coherent: Balance Consistency and Variety: Identifiable, Unified, Market-sensitive, Integral FEELING Harmonies: Harmonize with Environment: Systems, Safety, Green, Appropriateness, Accord Intuitive: Convey Agreeable Use and Meaning: Instinctive, Direct, Friendly, Simple Interactive: Design for the Experience: Exciting, Fun, Sensible, Cool, Satisfying Reason Rational Intellectual Technological Feeling Emotional Adaptable Humanistic Harmony An enterprise’s most vital assets lie in its design and other creative capabilities. I believe that the ultimate winners in the twenty-first century will be determined by these skills. I have designated 1996 as the year of Design Revolution for all Samsung products. Let us focus our strength in developing unique designs that reflect the Samsung philosophy and sou l. † – Chairman Kun-Hee Lee, New Year’s Address, 1996 (Freeze Chung, 2008) Page | 16 â€Å"The future is not to be predicted. It is to be created. – Samsung Analyst Day 2005 The second Design Revolution was into a real action by creating 4 principles: 1. Create remarkable designs and establish a user interface (UI) identity 2. Recruit and secure the world’s best designers 3. Nurture a creative corporate environment 4. Reinforce its casting technology infrastructure Concurrent with these design goals, by the end of the year Samsung had revealed technical powers in several domains, introducing world’s first in the memory, mobile phone and TV business. The World’s most valuable brands, 2006 Source: Interbrand Page | 17 5. 1 Manufacturing Strategy Samsung has implemented a strategy of in-house production and investment in manufacturing research and development. Samsung’s primary manufacturing emphasis is on the assembly, efficient movement of material in its logistics operations, precision assembly and packaging and it achieves speed and maximum factory efficiency through minimum capital investment through constant innovation geared towards productivity. For instance, we can take an example of the manufacturing strategies of mobile phones and digital media. a. Mobile Phones Samsung’s strategy is based upon mid and high pricing that leads to higher margins. Samsung is focusing on implementing the newest technologies thus its products are amongst the top in the handset market. Progressive technologies combined with avant-grade designs trends providing a strong foundation of its position specially the clamshell and slide exterior that fashionably package the latest technology. In addition the speed of implementing a new product is very short: 5 months in comparison to Samsung’s competitor’s timelines of approximately 14 months (Kamath et al. 006). Samsung envisions prevailing as the world’s leading brand in the handset area. The main strategy for reaching this goal is â€Å"Next Generation Technology Leadership†, whereby Samsung wants to be the first mover into new technology. b. Digital Media Revenues in the area of digital media have been growing for Samsung steadily by 10 % annually with more than 80% of sales being foreign markets since 1999. Samsung achieved aggressive cost reductions from $20 per inch to $7 per inch leading to sales of 100 million units in 2005 in the field of LCD monitors (Kamath et al. 2006). However this industry is characterised by short life cycle, increase in size, multifunction products, networking, greater accessibility and convergence of products. Other challenges include low entrance barriers which bring about countless competition, price erosion and decline in profit rate that creates rapid price decrease and constantly narrowing price gap between competitors in the industry. Its historical success in introducing several ground-breaking products such as the world’s largest LCD TV and world’s fastest colour laser printer position it well to achieve its objectives. Samsung intends to focus intensively on design rather than pricing. The impetus can be seen in the number of design awards won by Samsung between 2001 and 2005 (19 awards) surpassing design-oriented companies such as Apple, IBM and NIKE. Page | 18 5. 2 Marketing Strategies Using the mid and premium price portfolio, Samsung is focusing on marketing premium products. The higher pricing on these products helps achieve significant margins that lead to healthy revenues, which fund marketing activities, designing and technological improvements that improve Samsung’s position in the market. Samsung’s marketing strategy is shifting from awareness to preferences. The target audience of the brand is changing from sensible brand buyers to high life seeker. The brand focus is on promoting an easier, richer and more enjoyable life through technology allowing unlimited living (Kamath et al. 2006). The marketing is targeted towards an expected consumer pool compromising of young style-conscious, technology-savvy customers who pursue intuitive simplicity and appropriate passion, performance, creativity, excellence and fulfilment. Samsung wants to become an icon brand through product, brand and customer leadership. Product leadership can be achieved through meeting consumer needs and pioneer launches, brands leadership through premium branding consistency and strong emotional bounding and customer leadership through long-term partnerships with customer. 5. 3 Getting Close to Consumer Vice President of Design Research Lab Young Jun Kim explained the difference between marketing research and design research. According to him, marketing research is focused on the current solution like market share and so on but design research is focused on user behaviour and user experience. So Samsung designers visited people in their homes to see how they actually used products. This approach resulted in designs that translated into profits in the market and that won the designers respect and cooperation from the engineers and marketers. Samsung has learned to understand design as business. The core of Samsung is highly dependent on its product design. Samsung shows passion in the field of Future, Curiosity, Building, Growth, Challenge and Details by supporting communities, cultures and environment. Samsung believes respecting communication and encouragement are the keys to success. We have no crystal ball but we are working on many promising technologies in our labs†, states one of the designers of Samsung and promises to deliver hopes and dreams to the diversified cultures as well as disadvantaged group in society with satisfaction and happiness bridging great distances between people and products. Page | 19 â€Å"We believe in a better world† – S amsung Slogan The following are some basic artefacts of Samsung: New innovations and ideas help to make life more convenient, anytime, anywhere†¦ Samsung has always been a strong supporter of culture and artistic heritage. It takes great length to make products green by making them more energy efficient. Understanding customers’ need and anticipating how they are changing; always looking ahead to answer â€Å"What’s next? † Samsung Next is What? Source: Samsung Company Website Page | 20 6. Design at Samsung 6. 1 Design Management Team Organizational chart of the Corporate Design Centre, January 2006. Source: Company document Page | 21 6. 2 Award Winning Products Samsung had a string of design success in the 2000s. For example, the Syncmaster series of LCD monitors was lauded for its simple design and went to win several awards. Samsung Home Appliances Figure 1 three hinged, flat folding monitor Figure 3 refrigerators Figure 2 LCD TV Figure 5 vacuum cleaners Figure 4 washing machines and dryers Page | 22 Products: Samsung Electronics Figure 6 LCD monitors Figure 7 laptops Figure 8 MP3 players Figure 9 cameras and camcorders Figure 10 cell phones Page | 23 7. Samsung Mobiles The commercialization of Samsung handsets started in 1996 with CDMA Handset System gradually developing into GSM Handset in 1997. In 2000, Samsung commercialized World’s first Handset systemCDM A20001X. After gradual manufacturing of Samsung mobile series in 2008, it became the world’s second largest mobile phone maker after Nokia. With its continuous new technology and innovation, Samsung always created the newest and smartest design targeted to the youth. 7. 1 Samsung Mobile Competitions World Market Western Europe / Northern America 19. 1% 25% 36. 2% 21. 1% 9. 9% 16. 1% 6. 2% 9. 6% 5. 4% 6. 5% The market status 2009 shows that Samsung mobile leads the Western Europe and Northern America whereas in the world market, its biggest competitor is Nokia mobiles. Samsung holds second position in consumerism. Market Status 2009 Page | 24 7. 2 Criticism Jim Wicks, vice president of Motorolla Inc. said, â€Å"Samsung has improved, but I don’t see an identity in their design that really speaks to consumers†. Some critics commented that even if Samsung’s design capabilities had improved greatly, the company still lacked a coherent design. A lot of critics and business analysts criticized Samsung mainly on the idea of not appealing to the customer and not aligning their image properly. Other critics said that the company still did not have the design culture of Apple Computer Corp. or the breadth and depth in design that Sony possessed. During the past decade, this engineering-driven company had given way to innovative, design-driven company with a lot of focus on RD. however, despite worldwide design awards and engineering accolades, the â€Å"iconic† product available in the world such as the Apple iphone and Blackberry are much more popular than the Samsung phones. Page | 25 8. Samsung Visual Communication (Advertising) 8. Culture (Semiotics and Social Semiotics) I perceive Samsung as an international award winning brand, applicable to all users from the very sophisticated high level to the middle class group. It is compiled with latest technology, smartness, sleek and shine attitude, personality, elegance, distinctive, cool, wide colour range and affordable price. Samsung claims to be there for the whole family and not only for a special age group. Samsu ng electronics are designed in the simplest yet elegance style suitable from a housewife to an executive. From early teens to the old ones, all are Samsung’s target market with the range and varieties it provides with its holistic design approach for both gender. The main attraction of Samsung is the colour that it focuses on its every product and advertisement. The true natural colour reveals the power of Samsung and its effectiveness especially in its TV and LCD monitors. Black, silver, white, red, yellow are the primary colours that Samsung uses in its products. Page | 26 8. 2 Good life: Samsung provides an incredible valuable and luxury life by providing exclusive products in an affordable range for all people. It is bridging the gap between the product and its company so that everyone can dream of possessing Samsung to feel superior and powerful and rich. 8. 3 Gender, age, class: it mainly focuses on both genders equally depending upon the product design suitable to every age group, from cool teens to the high executive professionals. It demonstrates typical Asian style with cuteness and innocent personality for the Asian market and bold and beautiful stylish blonde models for the Western market. Samsung has a global audience in terms of its products. Page | 27 Bollywood superstar Amir Khan posing for the Samsung CDMA music phones. Similarly another celebrity, a female Pop singer and a Diva Beyonce Knowels is also seen in an advertising of Samsung mobile. It is trying to allure people towards the celebrity lifestyle by using celebrities as their brand ambassador and inspiring people to feel like a celebrity. By these advertisements, I feel that Samsung encloses all the diversified group of people from school and college students to the 8. 4 Celebrities Following advertisement is in the left is an Indian Samsung advertisement with a Page | 28 rofessionals, from housewives to independent career women. 8. 5 Psychoanalysis The other advertisement of Samsung TV focuses on the human emotions like love and Samsung is basically dedicated to the home and family so it more often communicates in a simple and more decent language for all age group. However in the above ad of Samsung Vacuum Cleaner, it shows a different aspect of communication to its au dience with a touch of sexuality and glamour in a very distinctive and appropriate way. Samsung visual happiness, relationships, togetherness and a dream. The graphic advertisement below is of Samsung washing machine, which shows the just the materials (shirt and colour) without any human activity but still it gives out the message about the characteristics and advantage of the product. communication is always criticized for being unappealing to the consumers but this ad has a very powerful message showing the effectiveness of the product. The focus is on the model who is shown naked from side in one image and the other image with her lingerie being held by the vacuum cleaner. It gives a clear meaning on the use and power of the products. This ad definitely appealed me and lured me to buy this product. Similarly, this one also shows the innovation and power of Samsung mobiles in a unique style encouraging people to express their talents and personalities. Page | 29 9. Conclusion Samsung Electronics have been trading and manufacturing electronic goods for nearly 70 years and today it has become one of the world’s leading electronics companies specializing in digital appliances and media, semiconductors, memory and system integration. Today Samsung’s innovation and top quality products and processes are world recognized. It is the only company to achieve the highest quantity of design awards in 2011 2005 for its cutting edge designs and styles (13 products including TFT-LCDs, monitors and CDMA mobile phones). Samsung is found No. 1 in customer loyalty for 8 years consecutively by Brand Keys of the USA. Samsung has built the World’s largest mobile phone as recorded in the Guinness Book of World Records. It also received a â€Å"Quality Management Award† in Malaysia. Samsung started its journey from 1938 and started diversifying in the field of industries and electronics since 1970. It entered into the Global market in the 1980s and enhanced itself competing in the changing Tech World from 1990. Since 1994 it implemented design theory into practice and evolved into becoming a Global force and by 1997 advancing into a Digital Frontier to become a Pioneer of the Digital Age today since 2000. Samsung sold more than 20 million full touch phones in shortest time ever and took up high share market in LCD monitors. It sold 500,000 units of its LED TVs in 100 days since its release. It released world’s first solar-powered mobile phone in India and first infrared video phone. It sold 50 million touch screen phones in 2 years. Samsung became No. 1 in the US digital TV market for the 4 th consecutive year. Samsung now has announced its â€Å"Green Management† strategy to sustain in the world of Competition. Samsung used Design based strategy to enhance their consumerism and revenue always coming up with new idea and innovation in every product especially in terms of cell phones. It holds second position in the World market after Nokia and is planning to become number one in the near future. Page | 30 10. Recommendation Samsung is a well established brand that has a diverse product portfolio and is aggressively pushing for RD so as to innovate stylish, user-friendly and functional products that are priced competitively. It is facing intense competition and rising costs of raw materials due to globalization. Therefore Samsung has recently experienced a decline in its performance. It needs to improve in brand image and continue diversifying its product portfolio to prevent overdependence on the semi-conductor business while concentrating on its core competencies in the electronics industry. It possess the capability of increased expansion in the Asian Market but needs to tailor its marketing and business strategies to better suit the tastes and circumstances of these markets. Especially India and China can be the best option for Samsung because they both possess an escalating middle class that is becoming more affluent, consumerist and brand conscious. India is the world’s fastest growing wireless services market and hence offers a huge market for mobile phones due to poor land telecommunication infrastructure. And it is the same with the rural part of China. So Samsung can fascinate the Chinese market by its cutting edge design since Chinese markets are becoming more design oriented with additional quality control measures, excellent customer service and brand reputation. I believe this will help Samsung to become number one consumerist and corporate in Asian market by leading these two huge markets in terms of brand image, customer service, innovative technology, extraordinary quality control and sleek and shine designs for today’s generation. Page | 31 11. References Freeze, K J. Chung, K 2008, Design Strategy at Samsung Electronics: Becoming a Top-Tier Company, Design Management Institute, Boston Case Study: Samsung Electronics: Success by Design, 2006 viewed 15 June 2011 Samsung Corporate Profile, Samsung Electronics 1995 2011, viewed 4 June 2011 Samsung History, Samsung Mobiles, viewed 5 June 2011 http://www. samsung-mobiles. net/history-ofsamsung. html Samsung Annual report, Samsung Official Website, viewed 20 June 2011 Luk e W, Design Vision: In Korean, viewed 20 June 2011, Rocks D Jhlwan M, Samsung Design, viewed 20 June 2011 http://businessweek. om Verganti R, Managing design-driven innovation for competitive advantage, viewed 20 June 2011 Wikipedia, Samsung, viewed 5 June 2011 Kamath S, Kulheyko I, Kuvik I Niziolek P, 2006, A Historic and Strategic Overview of South Korea’s Champion Chaebol: Samsung Electronics, viewed 25 June 2011 Page | 32 12. Appendix Managing Resources for Competitive Advantage Master of Design Assessor: Ross Spence Assignment Presented by Sushma Shrestha A worldwide leading electronic company Page | 33 Introduction Industry: Conglomerate Founded: 1938 Founder: Lee Byung-Chull Headquarters: Samsung Town, Seoul, South Korea Employees: 173,965 ( June 30, 2010) RD: USD5. 34 Billion Financial Highlights 2009 Samsung Financial Highlights 2009 Revenue: USD 172. 5 Billion Total Assets: USD 294. 5 Billion Net Revenue Income: Income Total Assets Total Equity Net USD 13. 8 Billion $ 13. 8 $ 112. 5 $ 294. 5 $ 172. 5 Billion Billion billion Equity: Billion Total USD 112. 5 Billion Page | 34 Philosophy evote talent and technology to creating superior products and services that contributes to a better global society Values People Excellence Change Integrity Coprosperity Page | 35 Vision â€Å"Inspire the World, Create the Future† Creative solutions Industry New techonology Innovative Products Partner Employee comply with laws and ethical standards Principles maintain a clean organisational culture Samsung Business Principles respect customers, shareholders and employees care for environmen t, health and safety socially responsible corporate citizens Page | 36 Achievements IDEA ( Industrial Design Excellence Awards) 2006: Gold Award for Touch Screen Messenger 2006: Silver Award for Portable Digital Projector 2001-2005: 19 Awards for Cutting Edge Designs surpassing the design Company like Apple, Sony and NIKE Competition Samsung Market Share 2004 Page | 37 Distribution SWOT Analysis Strengths i. ii. iii. iv. v. vi. Market Leading Products Diversified Business Portfolio Strong Brand and Global Presence High Returns Strategic Alliances Focus on Research Development Page | 38 SWOT Analysis Weakness . Poor Economic Performance ii. Bad Product Reception iii. High Dependence on One Business SWOT Analysis Opportunities i. Operating in an industrial with much possibility for innovation ii. Emerging Asian Markets iii. Growing Global Demand for Modern Technology Page | 39 SWOT Analysis Threats i. Consolidation in the PC Business ii. Unfavorable Products Specifics and Market Developments iii. Image Problems iv. Intense Competition v. High R aw Material Prices Page | 40 Strategy Design based STRATEGY ‘The future is not be predicted. It is to be created† Samsung Analyst Day 2005 Strategy â€Å"Balance of Reason Feeling† Harmony Reason Rational Intellectual Technological Feeling Emotional Adaptable Humanistic Page | 41 Products Design Centre Organizational Chart Page | 42 The beginning of Samsung mobile †¢ †¢ †¢ 1996: Commercialization of CDMA Handset/System 1997: Commercialization of GSM Handset 2000: Commercialization of World’s first Handset/System CDMA2000 1X 2002: Commercialization of World’s first Handset/System CDMA2000 1X EV-DO 2008: Samsung became the world’s 2nd largest mobile phone maker after Nokia Mobile Phones †¢ †¢ World Market Western Europe / Northern America 19. 1% 25% 36. 2% 21. 1% 9. 9% 16. 1% 6. 2% 9. 6% 5. 4% 6. 5% Market Status 2009 Page | 43 Dilemma Samsung’s Design vs. Market Page | 44 †¢ Touch screen †¢ 3 MP auto focus camera †¢ Video recording †¢ Voice Control †¢ Digital Compass †¢ Cut, Copy Paste †¢ MMS †¢ Spotlight Search †¢ Landscape keyboard †¢ Voice Memos †¢ Stay in touch †¢ GPS capabilities †¢ Entertainment on the go †¢ Camera and video recording †¢ Media player †¢ Roxio media manager †¢ Browse, shop and buy †¢ Blackberry wallet †¢ Ticket master Page | 45 What’s Next on Samsung? A design that would beat the iphone and Blackberry market Elegance, smart, and technology Page | 46 Competitive Designs Advertising Page | 47 Conclusions Samsung started journey from 1938 and diversified in electronics industry since 1970 Applied design based strategy to compete in the market Implemented design theory into practice since 1994 and won many awards becoming a Pioneer of Digital Age since 2000 Competitive Advantage RD Innovation Employee Culture Page | 48 THANK YOU Page | 49

Common English Spelling Pronunciation Problems

Common English Spelling Pronunciation Problems Spelling words in English is challenging work. As a matter of fact, many native speakers of English have problems with spelling correctly. One of the main reasons for this is that many, many English words are NOT spelled as they are spoken. This difference between pronunciation and spelling causes a lot of confusion. The combination ough provides an excellent example: Tough - pronounced - tuf (the u sounding as in cup)Through - pronounced - throoDough - pronounced - doe (long o)Bought - pronounced - bawt Its enough to make anyone crazy! Here are some of the most common problems when spelling words in English. Three Syllables Pronounced as Two Syllables Aspirin - pronounced - asprinDifferent - pronounced - diffrentEvery - pronounced - evry Four Syllables Pronounced as Three Syllables Comfortable - pronounced - comfrtableTemperature - pronounced - tempratureVegetable - pronounced - vegtable Words That Sound the Same (Homophones) two, to, too - pronounced - tooknew, new - pronounced - niewthrough, threw - pronounced - throonot, knot, naught - pronounced - not Same Sounds - Different Spellings Eh as in Let letbreadsaid Ai as in I Isighbuyeither The following  letters are silent when pronounced. D  - sandwich, WednesdayG  - sign, foreignGH  - daughter, light, rightH  - why, honest, hourK  - know, knight, knobL  - should, walk, halfP  - cupboard, psychologyS  - islandT  - whistle, listen, fastenU  - guess, guitarW  - who, write, wrong Unusual Letter Combinations GH F: cough, laugh, enough, roughCH K: chemistry, headache, Christmas, stomachEA EH: breakfast, head, bread, insteadEA EI: steak, breakEA EE: weak, streakOU UH: country, double, enough

Latin American Insurgencies Essay Example | Topics and Well Written Essays - 500 words

Latin American Insurgencies - Essay Example The Zapatista was trending vigorously and thus was demanding for reforms as the government had failed to deliver. The EZLN are mostly native poor farmers based union with an intellectual organization leadership from towns and cities, it is deeply entrenched in Mexico and spreads all over the penury affected areas of Chiapas in Mexico. An area highly populated by the Indian communities and eliminated from any entrepreneur development, where high numbers of households lacking water and electricity. The Zapatistas majorly demands for Democracy, freedom and justice from the government, as this three rights have been since deprived resulting into unfair treatment and corruption. The type of democracy Zapatistas visualize should be based in a concordance manner, direct and exercised in a free and fair process. Their aim of freedom is needed to enhance original sovereignty and facilitate self-discovery. Civil and economic justice is vital for the rebellious Zapatistas in order to secure respect for the local culture. According to Schulz & Wager, (1994), the Zapatistas was a succession of the very many bad and serious economic, political and social problems that had dominated, not only in Chiapas but also in remote areas of Mexico. This essay is going to study how the rebellious group influenced the defense forces and their impact on political development of Mexico and among its suburbs. The Zapatistas is less influenced by political matters as they feel that all leaders in their political parties are corrupt and cannot be trusted to support the welfare of their people. The election of leaders symbolizes no importance to Zapatistas and the rebellious benevolent group neither supports the self-sufficient heads nor the common leaders (Botz 2014). However, EZLN organizes lobbies around the country through preaching against corrupt leadership and against

Brand Community of Harley Davidson Essay Example | Topics and Well Written Essays - 1000 words

Brand Community of Harley Davidson - Essay Example This research will begin with the statement that brand community for Harley Davidson is the Harley Davidson riders. Whenever one thinks of Harley Davidson, the first thing come in the mind is, of course, the bike but alongside they probably may think of an open desert highway with open jacket and boots and an exhaust rumbling that could make a jet engine meek. The bike stands for individuality, freedom, and rebelliousness. And these qualities are reflected on a Harley Davidson rider. The brand community which will form part of the report is Harley Davidson Owners Group. It is a community which was started in 1983, a web-based community. This community is supported financially by Harley Davidson.The club has more than million members around the world. The members of the Harley Davidson owners group tend to be a little different. It has a heritage of the early 1903 and it has been associated with loners and rebels. The motorcycle is referred as personal expression. The Harley Davidson riders are not just buying a machine which is faster, bigger and powerful but they are buying a lifestyle. The bike is all about brotherhood and self-expression, hanging out with friends and traveling easy. Subcultures of consumption are distinct and it is a homogeneous group who are formed for a particular set of consumption or activities. Harley Davidson motorcycle owners form such a group of subculture. Four main phenomena of Harley subculture were presented. Harley owners are stylish and technological advanced in motorcycle equipment and their clothing. They exhibit a subculture of an extraordinary commitment which is usually not unique to a biker’s subculture. One of the heritages of Harley is the grass root innovation. Harley in modern days continues to have an intimate relationship with its riders through its activities in rallies and corporate sponsorships. The clothing of Harley Davidson is regarded as hardcore biker’s style. For example, the black leather ves t with insignias serves as the uniform of the Harley Owners Group. By 2000 HOG has about 60,000 members.

The human nature Essay Example for Free

The human nature Essay How much is human frustration worth? Is it worth losing a chance to buy a present for the girl you like? Or is it worth participating in a lottery which is nothing more but a silly tragic fatal ritual? I was asking these questions while reading James Joyces Araby and Shirley Jacksons The Lottery. For me, both stories represent the ultimate point of human despair: at this point, the person is no longer able to control his (her) life and surrenders under the pressure of overwhelming circumstances. I think that frustration is the central element of both stories; it touches the depth of the readers soul and turns into disruptive revelation about the perversity and hideousness of the human nature. Human strength and endurance has no limits; human evil and self-interest are unlimited, too. James Joyces Araby shows human frustration in its powerlessness in the face of insuperable circumstances. Every morning I lay on the floor in the front parlour watching her door. [†¦] When she came out on the doorstep my heart leaped (Joyce 62). The whole life of the anonymous narrator is filled with joy of seeing the young lady walking in front of him, and passing her before their ways diverge. He lives his life from morning to morning, when he will see Magans sister again. This is the life full of waiting; this is the life full of expectation, anxiety, dreaming and almost physical attraction. The same is the life of villagers whom Jackson describes in her The Lottery. It is the life full of expectation mixed with the feeling of threat, fear, and imminence of the coming end: Bobby Martin already stuffed his pockets full of stones, and the other boys soon followed his example, selecting the smoothest and roundest stones (Jackson 10). As the young boy cannot wait to visit the bazaar I could not call my wandering thoughts together. I had hardly any patience with the serious work of life which, now that it stood between me and my desire, seemed to me childs play (Joyce 63), the villagers cannot wait to hear when the new victim of the annual ritual will be declared: guess we better get started, get this over with, sos we can go back to work (Jackson 13). The deeper Joyce goes into the young boys soul, the larger is the prairie between his promise to visit the Araby bazaar and the realization of his inability to fulfill the promise: Nearly all stalls were closed and the greater part of the hall was in darkness (Joyce 65). How bright and shockingly sincere Joyces revelation could be, Jacksons story has gone far beyond Joyces reasonable limits. Jackson has gone even deeper to the moment of unexpectedness which emphasized the unlimited nature of human mercenary character. In the light of Jacksons The Lottery, Araby produces an impression of the boy’s relatively mild reconciliation with the surrounding opportunities and circumstances. Moreover, I feel that Joyce still leaves some hope that everything will change: ultimately, there will be another bazaar and another girl, although the young boy does not yet understand it. On the contrary, Jackson uses unexpectedness to emphasize how far human coldness, rationality, and perversity can go; the author shows, how easily humans turn into beasts when they pursue material interests, leaving no hope to escape the lottery’s trap. Jackson shows how human desire to kill turns into a usual feeling, when it becomes regular for and acceptable by other community members: the whole lottery took less than two hours, so it could begin at ten oclock in the morning and still be through in time to allow the villagers to get home for noon dinner (Jackson 10). Conclusion Both stories end up in frustration; for Joyces character, frustration is reflected in the hollow sound of two pennies that fall against the sixpence in my pocket (Joyce 66). A creature driven and derided by vanity (Joyce 66) is the end result of Joyces striving towards recognition and love. For Tessie Hutchinson, frustration becomes real as she holds the slip of paper that has a black spot on it, the black spot Mr. Summers had made the night before with the heavy pencil in the coal company office (Jackson 17). Later, this frustration turns into the feeling of inevitability of tragedy, when a stone hit her on the side of the head (Jackson 17). In both stories, frustration is the shocking reflection of the human hideousness, cruelty, and indifference which leave no chance for spiritual and physical resurrection. Works Cited Jackson, S. â€Å"The Lottery†. 10-17. Joyce, J. â€Å"Araby.† 61-6.

Where I Rest My Head Essay -- Descriptive Essay, Descriptive Writing

This is the area where I rest my head. I'm not giving in to calling this "home" because home is where the heart is. I live in the "court district" of downtown Los Angeles. With the influx of the Yuppies, however, it is now called the "historic core," We are standing on the corner of Sixth and Broadway. On the south side of the street heading east there are only two office buildings, yet there are many shops. The first is a jewelry shop. Walking past, we find two clothing stores that sell inexpensive women's clothing. There is a nearby market owned by a brother and sister from Iran: Ben and Miriam. When I do purchase there, I often haggle with Ben and he will come down on the price of the item in question. I'm more acquainted with Ben than his sister since he, like me, is something of a jokester. Besides, he is much more honest than his younger sister who is so shrewd she would snatch the nickels from a dead man's eyes! Leaving the market we pass a gated alleyway and a little hole-in-the-wall of a store owned by a Korean family. I normally purchase breath mints and gum there, but that is all. They sell little knick knacks and odds and ends, but their main source of income is alcohol--they sell enough to get a small country drunk. Five more paces and we are at the lobby entrance of a residential building where I have lived since my parole, but that is another essay. As we pass the lobby we come to the Alta Med Health Center, manned by an extremely helpful and pretty woman named Rosa. When I have the time, I drop by to shoot the breeze and trade jokes and anecdotes with her. Right next to the health center is a shoe store owned by an aged Chinese couple, still trying to hold on to their long gone youth. Both dress fashionably y... ...r refurbished goods. Reaching the corner there is a coffee shop, owned by an old Korean woman. When I began my first semester at LATTC I would stop there and grab a cup of Joe. After a few weeks of seeing me on a constant basis, she began to question my coming and going. I explained to her, "I am a student." To which she replied (in broken English), "You good boy". Being diplomatic, I attempted to explain the politics of referring to a grown black man as "boy". Either not understanding or not caring, she chose to continue to refer to me as boy, so I stopped patronizing her shop. This ends our tour through Hell. It's funny. I kind of like this area because it reminds me of New York, but it lacks that "savoir-faire." It's more like "New York meets the third world", or what would have happened had the Spanish, and not the English, taken New Amsterdam from the Dutch.

Contract memorandum Essay

Teri is a firefighter who lives and works in Boston, Ma. She is selling her home and found a buyer named Jack. Teri received an offer from Jack for $300,000. Teri accepts the offer and they sign a contract to that effect. After the contract is signed, Teri learns of a Boston rule that all firefighters must live within the Boston city limits. Teri decides not to move and contacts Jack to let him know she won’t be moving after all. Jack sues Teri in municipal court, asking for specific performance in accordance with the original deal. Teri argues that, although specific performance is usually appropriate in land sales contract cases, the judge has the discretion to deny specific performance. ISSUE #1: Whether Jack is due specific performance? RULES: In Raynor v. Russell, 353 Mass. 366 (Mass. 1967), a police officer had entered into a contract to sell his home. The police officer was planning to move to property in a town more than ten miles from the city, but because a certain statute was accepted by the city in effect requiring its police officers to live within ten miles of it, was not an adequate ground for denying specific performance of the contract sought by the purchaser in a suit in equity. Also stated in Raynor, The court held that †the prospective purchasers were entitled in lieu of the relief granted by the final decree to specific performance upon payment of the purchase price less the amounts already paid as a deposit, as well as interest thereon.† The court also concluded that â€Å"there was not any hardship shown sufficient reason for denying specific performance.† The court held that because specific performance was to be granted, the price set by the oral agreement made by the buyers must be paid. In Joseph A. Cardillo Revocable Trust v. Cardillo, 17 LCR 55 (Mass. Land Ct. 2009), is that Joseph seeks specific performance of the agreement and an order that Charles be compelled to convey the subject property to Joseph for a consideration of $ 125,000. Specific performance is also permitted when the buyer reasonably relied on a contract and the continual assent of the selling party and the buyer’s position has been changed for the worse. Also stated in Joseph, the court ordered â€Å"specific performance of a written agreement between two brothers dividing up a plumbing business that included the purchase by one of the brothers of the other’s 50% interest in the business real estate held by the two as tenants in common.† ANALYSIS: A Judge will grant specific performance in a land or real estate deal as stated in Raynor,†the purchasers were entitled of the relief granted by the final decree to specific performance upon payment of the purchase price less the amounts already paid as a deposit, as well as interest thereon.† Since Teri had signed a contract with Jack the Judge should grant Jack specific performance based on the original agreement. As stated in Joseph, Specific performance is permitted when the buyer reasonably relied on the contract with the seller and the buyer’s position has changed for the worse. CONCLUSION: Therefore, specific performance is not a strict and absolute right and it rests in sound judicial discretion. Jack should receive specific performance because of the duty owed him in the original signed agreement. ISSUE #2 However, will Teri’s circumstances cause the judge to use his discretion and deny specific performance? RULES: In A. B. C. Auto Parts, Inc. v. Moran, 359 Mass. 327 (Mass. 1971), the plaintiff appeals from a final decree in the Superior Court denying specific performance of an alleged oral contract to sell property in Cambridge and ordering the return to the plaintiff with interest of the deposit it paid to the defendant concurrent with the alleged making of the contract. In order to entitle the buyer to specific performance on a contract of sale, it is necessary that the buyer tender the purchase price to the seller on behalf of the buying corporation within the reasonable time implied by law unless the seller evidences an unwillingness or inability to convey. Also stated in A.B.C. Auto Parts, the court stated that â€Å"in order to entitle him to specific performance on this contract it was necessary that Kagan tender the purchase price to the defendant on behalf of the plaintiff corporation within the reasonable time implied by law unless the defendant evidenced an unwillingness or inability to convey.† There was evidence that Kagan was ready, willing and able to perform, and this was all that was required in the circumstances. ANALYSIS: The Massachusetts Superior court may deny specific judgment as stated in A.B.C. Auto parts, an order Teri to return the deposit with interest to Jack concurrent with the making of this contract, if the judge uses his judicial discretion in doing so. CONCLUSION: Therefore Jack is due his duty of specific performance because of the binding contract that he had with Teri. However, the judge may use his discretion and deny the specific performance to Jack and require the return of Jack’s deposit as stated in A.B.C. Auto parts. It is to the judge’s judicial discretion.