QUANTITATIVE DECISION MAKING Essay Example | Topics and Well Written Essays - 250 words

QUANTITATIVE DECISION MAKING - Essay Example Requirements of performing a quantitative analysis are the presence of a sample (upon which the analysis would be performed), descriptive statistics, and a deductive reasoning. Practical examples of quantitative Analysis Some practical examples of quantitative analysis are ‘Financial Systems Analysis’ and ‘Time Value of Money’. Financial systems analysis used by managers, creditors and investors are used to measure the success of a company’s financial goals. The income sales ratio of two organizations can quantitatively be compared by analysis. How do managers use this in the business world? Managers use quantitative analysis essentially at every step and decision within their organization. For a manufacturing firm for example, the record of orders fulfilled, the ratio of manufacturing parts incorporated, the record of sales made, the record of labor incorporated and the record of expenses incurred can be analyzed at separate levels by performing quan titative analysis techniques on the raw data. The analysis techniques quantify the raw data by sampling and grouping it. The data is then analyzed and graphically projected. The graphical representation of quantified data displays current and projected trends of the organization.

Knowledge Management Essay Example for Free

Knowledge Management Essay The concept of treating organizational knowledge as a valuable asset to leading organizations has been popularized by leading management and organization theorists. Organizations are being advised that in order to remain competitive, they must efficiently and effectively create, locate, capture, and share their organizations knowledge and expertise, and have the ability to use that knowledge on specific problems and opportunities. Firms are showing a tremendous interest in implementing knowledge management processes and technologies, and are even beginning to adopt knowledge management as part of their overall business strategy. Although knowledge management is becoming widely accepted, few organizations today are fully capable of developing and leveraging critical organizational knowledge to improve their performance. Many organizations have become so complex that their knowledge is fragmented, difficult to locate and share, and therefore redundant, inconsistent or not used at all. In todays environment of rapid change and technological discontinuity, even knowledge and expertise that can be shared is often quickly made obsolete. However, while many people call for effectively managing knowledge, almost no research has been done regarding how to do it. What is Knowledge? Knowledge is commonly distinguished from data and information. Data represents observations or facts out of context, and therefore not directly meaningful. Information is derived from placing data within some meaningful context, often in the form of a message. Knowledge is what we come to believe and value based upon the meaningfully organized information (messages) one gains through experience, communication or inference. Knowledge can be viewed both as a thing to be stored and manipulated and also as a process of simultaneously knowing and acting that is, applying expertise. In order to succeed in todays business world, organizations need to manage knowledge both as an object and as a process. Knowledge can be tacit or explicit. Tacit knowledge is subconsciously understood and applied, difficult to articulate, developed from direct  experience and action, and usually shared through highly interactive conversation, story-telling and shared experience. Explicit knowledge on the other hand, can be more precisely articulated. Therefore, although more conceptual, it can be more easily codified, documented, transferred or shared. Explicit knowledge is playing an increasingly large role in organizations, and it is considered by some to be the most important factor of production in the knowledge economy. Imagine an organization without procedure manuals, product literature, or computer software. Knowledge may be of several types, each of which may be made explicit. Knowledge about something is called declarative knowledge. A shared, explicit understanding of concepts, categories, and descriptors lays the foundation for effective communication and knowledge sharing in organizations. Knowledge of how something works or is performed is called procedural knowledge. Shared explicit procedural knowledge lays a foundation for efficiently coordinated action in organizations. Knowledge why something occurs is called causal knowledge. Shared explicit causal knowledge, often in the form of organizational stories, enables organizations to coordinate strategy for achieving goals or outcomes. Knowledge also may range from general to specific. General knowledge is broad and independent of particular events. Specific knowledge, in contrast, is context-specific. General knowledge can be more easily and meaningfully codified and exchanged, especially among different knowledge or practice communities. Codifying specific knowledge in order for it to be meaningful across an organization requires its context to be described along with the focal knowledge. This requires explicitly defining contextual categories and relationships that are meaningful across knowledge communities. Implementing Knowledge Effective performance and growth in knowledge-intensive organizations requires integrating and sharing highly distributed knowledge. Although tacit knowledge develops through observing action, it is more easily exchanged, distributed, or combined among communities of practice by being  made explicit. However, explicating tacit knowledge so it can be efficiently and effectively shared and reused is one of the least understood aspects of knowledge management. Even so, deciding which explicit knowledge an organization should use can affect competitive performance. Knowledge may be naturally tacit or it might appear that way because it hasnt been articulated yet, most likely because of social issues. Articulating particular types of knowledge may not be culturally legitimate, because challenging what the organization knows may not be socially or politically correct, or the organization may be unable to see beyond its customary habits and practices. Also, making private knowledge public and accessible may result in a redistribution of power that may be upsetting or rebelled upon in particular organizational cultures. Knowledge also may remain unarticulated because of intellectual constraints in cases where organizations have no formal language or model in order to articulate it. Potentially explicable knowledge that has not been articulated displays a lost opportunity to efficiently share and disperse that knowledge. If competitors have articulated the integration of similar knowledge, then they may obtain a competitive advantage. However, knowledge that is naturally inarticulable that organizations attempt to make explicit may result in the knowledge being lost, and performance suffering. Articulable knowledge that has been made explicit represents an opportunity that has been taken advantage of. Organizations often do not challenge the way knowledge is stored, treated or passed on. However, managers should not blindly accept the apparent tacitness of knowledge. Mrs. Fields Cookies, for example was able to develop a knowledge process (baking cookies) to a level high enough to be explicated and articulated in a recipe that produces cookies of consistently high quality. The cookies are apparently supposed to be almost as good as those originally baked by Debbie Fields herself. The famous chef Ray Kroc was extremely successful in articulating and routinizing the process of cooking a hamburger to produce a consistent, if not gourmet, level of quality. Although explicit knowledge represents only a part of the intellectual part of an organization, it plays a crucial role in the overall knowledge strategy of the organization. Its management requires frameworks and well-considered architectures. Knowledge processing can be put into two broad classes: integrative and interactive, each dealing with different knowledge management objectives. Together, these methods provide a broad set of knowledge processing capabilities. They support well-structured bases for managing explicit knowledge while at the same time involving tacit knowledge. Integrative applications use a sequential flow of explicit knowledge into and out of the central base. Producers and consumers interact with this repository rather than with each other directly. The repository becomes the primary means of knowledge exchange, providing a place for members of a knowledge community to contribute their knowledge and views. The primary focus tends to be on the repository and the explicit knowledge it contains, rather than on the contributors, users, or the tacit knowledge they may have. Integrative applications vary in the extent to which knowledge producers and consumers come from the same knowledge community. At one extreme, which is called electronic publishing, the consumers (readers) neither directly engage in the same work nor belong to the same practice community as the producers (authors). Once published, the content tends to be stable, and those few updates that may be required are expected to originate with authors. The consumer accepts the content as it is, and active feedback or modification by the user is not anticipated. For example, the organization may produce a periodic newsletter, or the human resources department may publish its policies or a directory of employee skills and experience. On the other extreme, the producers and consumers are members of the same practice community or organizational unit. While still using a sequential flow, the repository provides a means to integrate and build on their collective knowledge. These are labeled integrated knowledge bases. A best-practices database is the most common application. Practices are  collected, integrated and shared among people confronting similar problems. Regarding the organizational roles for managing integrative applications, acquisition requires knowledge creators, finders, and collectors. Capturing verbal knowledge requires interviewers and transcribers. Documenting observed experiences requires organizational reporters. Surfacing and interpreting deeply held cultural and social knowledge may require corporate anthropologists. Refining requires analysts, interpreters, abstractors, classifiers, editors, and integrators. A librarian or knowledge curator must manage the repository. Others must take responsibility for access, distribution and presentation. Finally, organizations may need people to train users to critically interpret, evaluate and adapt knowledge to new contexts. Interactive applications are focused primarily on supporting interaction among people who hold tacit knowledge. In contrast to integrative applications, the repository is a result of interaction and collaboration rather than the primary focus of the application. Its content is dynamic and evolving. Interactive applications vary by the level of expertise between producers and consumers and the degree of structure placed upon their interaction. Where formal training or knowledge transfer is the objective, the interaction tends to be primarily between instructor and student, or expert and novice, and structured around a discrete problem, assignment or lesson plan. These applications are referred to as distributed learning. In contrast, interaction among those performing common practices or tasks tends to be more ad hoc or emergent. These applications are referred to as forums. They may take the form of a knowledge brokerage an electronic discussion space where people may either search for knowledge (e.g., Does anyone know) or advertise their expertise. The most interactive forums support ongoing, collaborative discussions. The producers and consumers comprise the same group of people, continually responding to and building on each individuals additions to the discussion. The flow continually loops  back from presentation to acquisition. With the appropriate structuring and indexing of the content, a knowledge repository can be developed. A standard categorization scheme for indexing contributions provides the ability to reapply that knowledge across the enterprise. Interactive applications play a major role in supporting integrative business procedures. For example, a forum can be linked to an electronic publishing application for editors to discuss the quality of the contributions, or to offer a place for readers to react to and discuss the publication. Best practice databases typically require some degree of forum interaction, so that those attempting to adopt a practice have an opportunity to discuss its reapplication with its creators. Knowledge Management and Factors Affecting IT Effective use of information technology to communicate knowledge requires an organization to share a common perspective from where the information can be analyzed. The more that communicators share similar knowledge, background and experience, the more effectively knowledge can be communicated via electronically mediated channels. At one extreme, the dissemination of explicit, factual knowledge within a workplace that possess a high level of shared contextual knowledge can be accomplished through access to a central center of data. However, when a common perspective is not present, or the knowledge exchanged is less explicit, or the community is loosely tied together, then more interactive modes such as electronic mail or discussion databases are appropriate. When the perspective is not well shared and knowledge is primarily tacit, communication and narrated experience is best supported with the most interactive modes such as video conferencing or face-to-face conversation. Cultural, People and Organizational Issues Effective knowledge management has to tackle cultural, people and organizational issues first, as these things cannot be solved by purchasing an off-the-shelf product. Conflicts, ambitions and inter-organizational  politics are strong factors of the knowledge management process. The key to a successful knowledge management implementation is a culture that encourages the creation and sharing of knowledge, and processes  ­ technology, in order to handle these problems effectively. Unfortunately, most performance systems and processes do not reward  ­ adequately or maybe at all  ­the sharing and reuse of knowledge. If the culture of the organization does not reward knowledge sharing, then knowledge management is no going to be successful. Employees need strong incentives to participate in such schemes; otherwise they tend to feel that information is being squeezed out of them. If employees see this as an invasion of privacy, it certainly will not work. A company that is going to succeed at knowledge management will need a culture of confidence, trust, mutual respect and mutual support which encourages the application of knowledge, and a willingness to share power through shared information. Sharing knowledge will only be successful when a market  ­demand and supply ­ for knowledge is created. Eventually, the shared knowledge base will lead to the erosion of private power bases, as high-quality information becomes available online. While technology can only be an enabler and not a driver, some solutions, can influence organizational culture and help to bring about the necessary changes. In particular, if a technology solution provides quality information in a shared knowledge base that is fast and easy to access, people will want to participate. For example, at Motorola, a knowledge management system piloted by one group of users was provided on a read-only basis to everyone. Soon everyone demanded the ability to participate in full. In conclusion, one can see how understanding and utilizing knowledge management can lead to success in an organization. Developing effective methods of knowledge retrieval, analysis and dissemination will yield great benefits to any organization.

What Motivates Employees To Work Effectively Business Essay

What Motivates Employees To Work Effectively Business Essay In the era of economic development, many people are employed in variety jobs in society; therefore, employers should find way to motivate their employees. In addition, with the improvement of living standards, there is a growing emphasis on good working conditions. According to the Douglas McGregors Theory X and Theory Y (1957), on the one hand, Theory X said people are very lazy and dont want to work. If the people of Theory X can do not have work, they will avoid to work. On the other hand, Theory Y said people work very seriously because the environment will motive the workers work. If employers give the comfortable environment to employees, employees will do their best in their job. Consequently, employers need to develop motivational states to meet their different staff needs and work output. This reserved focuses on motivating in the food service industry, different restaurants motivate their employees in different way so their employees how treat the customers will. This essay will analysis the Theory X employee in Norwich restaurants, second analyses the Theory Y of employees in Norwich restaurants, and finally analysis which motivational method leads to have effective workers. Literature Review (by Li Yu Xuan) F.W. Taylor think that the maximize income is the most important thing to motivate them. It means money is the only thing can motivate them. This led to Taylors belief in a differential piece-rate system of payment. This meant staff can get the wage by each unit of output at a standard piece rate. (p.14, F.W.Taylor) And another famous person who named Frederick Herzberg said that: split workers needs into two categories hygiene and motivators. Hygiene factors are concerned with the environment in which the job takes place working conditions, relations with the boss and co-workers pay. Motivators are factors that relate to the job itself-sense of achievement.(p.15, F.Herzherg) in this persons view, we can see the working conditions and working environment are very important for the workers. When the workers satisfied with these two factors, they will work more hand. Some people have anther view, From a staff effectiveness point of view, there are times when you want to be Theory X: f or instance, in health safety issues the rules will be rigid; there will be serious penalties for not following them. But if the issue is how best to handle a piece of new business, then results are likely to be far better if all involved have been consulted, their issues taken into account and an agreed best process determined. Collaborative working will favor Theory Y approaches. These people think workers in different situations prefer the different theory. The theory X and theory Y are all have advantages to the staffs. From these, we can see different people have different opinions to the two theories. Researches these two theories are important to the managers, understand them and know how to use them can help managers make the right decisions and motivate their workers in right way. Main body: Theory X (by Zhang Cheng Cheng) In theory X, people are assumed only working for money and security. Workers do not like to work and would try to work as little as possible if they can. Workers in the company or organization are lack of ambitions and hope to avoid responsibility. According to McGregor theory X is really based on the assumption that a) laziness is the human nature; and b) people only work for money. The perception of human laziness has long been recorded in religion history. In religion, Catholic declares humans seven SINS, one which is the lazy. Human beings are divided into two groups, most people are afore-mentioned lazy, only a few people can restrain themselves. To most people, working is a kind of burden to human rather than enjoyment. As far as they are concerned, they only need to do minimum work to survive. Theory X therefore has argued that as a result of this human nature most employees in the organization do not have ambition. Their personal goals and objectives are self-centered and not associated with the companys goals. They lack confidence and consider the personal safety is important. They do not want to be a leader and content to be just a follower who prefers to be led by others. Under the theory X management approaches range from hard to soft. With hard approach to deal with humans laziness the model of theory X management must rely on outside force strict control in order to achieve organizational goals which is so called hard approach. The management believes that workers need to be closely supervised and comprehensive systems of controls developed. A hierarchical structure is needed with narrow span of control at each and every level. By exerting the external force, command, control and punishment the theory X management will ensure their employees to feel threats so that their employees can make proper efforts to achieve the objectives of the organization. With soft approach theory X management appears to be lack of disciplines and to be permissive and only seek harmony with hope that in return people will cooperate when asked to do so. McGregor has argued neither hard nor soft approaches are optimal management approach because assumptions in theory X are incorrect. At one extreme, management is strict, peoples behavior methods include forced and intimidation, strict supervision. At the other extreme, management personnel is mild, peoples behavior, peaceful methods include tolerance. Severe may result in employees to against pressure and hostile while The gentle way may often lead to abandon management. The optimal management will be between hard and soft approach. We agree with McGregor that the management model should be the carrot and stick. On one hand, they stimulate employees effort to meet the organization objectives by offering money. On the one hand, they enforce the tight control and supervision and punishment for the organization work force. In conclusion, the carrot and stick incentive theory in certain circumstances can be reasonably functional. This management model above is an example which on the one hand offered money in order to buy and stimulate employees working enthusiasm, on the one hand, used the strict control, supervision and punishment for the organization work force. Main body: Theory Y (by Shih Chia Chi) In contrast, McGregors theory Y mentions that managers tend to be democratic as they conduct their workers. This is because employees enjoy work actively and accept responsibility. In this theory, employees are motivated efficiently by many different factors. Unless workers have proper conditions in many ways such as working environment, welfare or salary, workers do not argue about their job. They are satisfaction and committed. This is because Managers of Theory Y believe both employees have ability to control themselves in accomplishing targets and they are enjoyment of doing a job. Therefore, managers will provide more authority and power to their employees so that they have an opportunity to incentive their aggressive of the work. It is believe that they are full of ambition to pursue their aims. Thus, this type of workers not only has an excellent creativity but also contributes at work which helps them to figure out whole problems. These people always have clearly life achieve ment, so they always work hard and most of them interested in their jobs and try doing their best. All of the reasons are to improve productivity in order to increase more profit in every company. This is why McGregor create this theory, and many managers use it to organize their employees. As a result, workers who are belong to theory Y have a higher achieved then theory X. Theory Y which is a more people-centric management style applies to the human relations and human needs approaches(Bruce Jewell,2006). Findings (by Shih Chia Chi) We conducted a survey in Norwich by random sampling of people in the city centre restaurants. This survey search the reasons for what motivate employees efficiently in the service industry, and fit into McGregors theory X and Y. This purpose is to find an optimization method for managers to administer workers. According to the table (figure 1, page 11), most male are satisfied with the salary nearly 13 percent and working environment around 8 percent; otherwise, female are satisfied with holidays less than 15 percent and personal reason more than 12 percent. Therefore, the amount of men and women do not want to promote to a higher position by 25-28 ages in Norwich. (Figure 2, page12) Even though most people belong to theory X, a few workers are part of theory Y. Approximately 5 percent of whole data in working environment is more essential than other reasons as well as women. (Figure 3, page 13) A few people about 8 percent want to have a higher position from 25 ages to 28 ages. This sort of people is self-motivation, so they suit for using soft management style and power-sharing in McGregors theory Y that they are easy manage. Moreover, in the theory Y, most workers have high level job, e.g. professional servicers, knowledge worker- managers and the high educated workers. Those results can apply McGregors theory X to prove this finding, so managers of service industry must use strict management or give them reward. This finding will help companies to find the best way of classification people in order to enhance the efficiency of effort and output. Conclusion (by Huang Tan Yun) It has emerged that the large amount of employees were belong the Theory X, who avoided to work in their job and the small amount of employees, who belong the Theory Ys persons, can work seriously by the work environment. According to our survey, manager should give the Theory Xs staffs more money and seriously management way to work effectively and also the manager should make the great work environment to let the Theory Ys staffs bring into the talent in their job. In order to solve the problem which is the Theory X or Theory Y in the Norwich restaurants, renewable management policy has changeable. Although, this essay just only has examined the motivations in the Norwich restaurant, other areas have the different motivations to affect their employees. There are a number of factors which contributed to the different effective motivations are happened in different people, therefore, the policies in employers are created. In addition, the employees in work areas have the Theory X of people or the Theory Y of people so they have the different motivated effectible causes. That was why the policies have the serious management and soft management for employees. Generally, the good way of aim in the working areas will accord to the Theory Xs staffs to improve their factors for their work effectively. Bibliography (by Zhang Cheng Cheng) Douglas MÂ · Mc Gregor (1957) The Human Sideof Enterprise in Management Review, US http://baike.baidu.com/view/499453.htm Viewed: 11/03/2010 Smallbizguru (29/01/2010)Leadership in recession for small business- John Adairs Action- Centred Leadership in Business Ideas http:// smallbizguru. WordPress.com/ Viewed 11/03/2010 Jewell, B(2006) McGregors Theory X and Theory Y in Tricky topics:6-7 Taylor, F.W(2006) High-street motivation in BUSINESS Review: 14-15 Herzberg, F(2006) High-street motivation in BUSINESS Review: 15

Love, Hate, and Marriage in Much Ado About Nothing :: Much Ado About Nothing Essays

Love, Hate, and Marriage in Much Ado About Nothing      Ã‚   In William Shakespeare's comedy "Much Ado About Nothing", the characters Beatrice and Benedick are involved in what could only be called a "love/hate" relationship.  Ã‚   The play is a classic example of this type of relationship, and allows us to view one from the outside looking in.        Ã‚  Ã‚  Ã‚   Both Beatrice and Benedick are strong-willed, intelligent characters, who fear that falling in love will lead to a loss of freedom and eventually heartbreak.   This causes them to deny their love for each other and it is only through the machinations of other characters in the play that their true feelings emerge.   When these feelings are finally acknowledged, both characters are changed, but the changes are subtle.   They are neither drastic nor monumental.   Both remain who they were before, but now they the two are one. They gain everything and lose nothing.   Whether or not their love would have bloomed without the help of their friends, we will never know.      Ã‚  Ã‚  Ã‚   In the beginning of the play, Beatrice and Benedick do not seem to like each other very much, if at all.   This can be seen in Act I; Scene I, (line 121- 131):      Ã‚  Ã‚  Ã‚   BENEDICK:  Ã‚  Ã‚   God keep your ladyship still in that mind! so some   gentleman   Ã‚  Ã‚  Ã‚   or other shall 'scape a predestinate  Ã‚  Ã‚   scratched face.   Ã‚  Ã‚  Ã‚   BEATRICE:  Ã‚  Ã‚   Scratching could not make it worse, an 'twere such   a face as   Ã‚  Ã‚  Ã‚   yours were.   Ã‚  Ã‚  Ã‚   BENEDICK:  Ã‚  Ã‚   Well, you are a rare parrot-teacher.   Ã‚  Ã‚  Ã‚   BEATRICE:  Ã‚  Ã‚   A bird of my tongue is better than a beast of yours.   Ã‚  Ã‚  Ã‚   BENEDICK:  Ã‚  Ã‚   I would my horse had the speed of your tongue, and   so good a   Ã‚  Ã‚  Ã‚   continuer. But keep your way, I' God's name; I have done.   Ã‚  Ã‚  Ã‚   BEATRICE:  Ã‚  Ã‚   You always end with a jade's trick: I know you of old.    Were the reader to judge the relationship between the characters solely by the above lines, they would come to the conclusion that these characters much disliked, if not hated each other.   This is most likely not the case.   In today's world, with its knowledge of psychology, we are aware that this behaviour is   most likely a cover-up for other feelings.   In fact, many relationships begin with the parties involved denying attraction to each other Love, Hate, and Marriage in Much Ado About Nothing :: Much Ado About Nothing Essays Love, Hate, and Marriage in Much Ado About Nothing      Ã‚   In William Shakespeare's comedy "Much Ado About Nothing", the characters Beatrice and Benedick are involved in what could only be called a "love/hate" relationship.  Ã‚   The play is a classic example of this type of relationship, and allows us to view one from the outside looking in.        Ã‚  Ã‚  Ã‚   Both Beatrice and Benedick are strong-willed, intelligent characters, who fear that falling in love will lead to a loss of freedom and eventually heartbreak.   This causes them to deny their love for each other and it is only through the machinations of other characters in the play that their true feelings emerge.   When these feelings are finally acknowledged, both characters are changed, but the changes are subtle.   They are neither drastic nor monumental.   Both remain who they were before, but now they the two are one. They gain everything and lose nothing.   Whether or not their love would have bloomed without the help of their friends, we will never know.      Ã‚  Ã‚  Ã‚   In the beginning of the play, Beatrice and Benedick do not seem to like each other very much, if at all.   This can be seen in Act I; Scene I, (line 121- 131):      Ã‚  Ã‚  Ã‚   BENEDICK:  Ã‚  Ã‚   God keep your ladyship still in that mind! so some   gentleman   Ã‚  Ã‚  Ã‚   or other shall 'scape a predestinate  Ã‚  Ã‚   scratched face.   Ã‚  Ã‚  Ã‚   BEATRICE:  Ã‚  Ã‚   Scratching could not make it worse, an 'twere such   a face as   Ã‚  Ã‚  Ã‚   yours were.   Ã‚  Ã‚  Ã‚   BENEDICK:  Ã‚  Ã‚   Well, you are a rare parrot-teacher.   Ã‚  Ã‚  Ã‚   BEATRICE:  Ã‚  Ã‚   A bird of my tongue is better than a beast of yours.   Ã‚  Ã‚  Ã‚   BENEDICK:  Ã‚  Ã‚   I would my horse had the speed of your tongue, and   so good a   Ã‚  Ã‚  Ã‚   continuer. But keep your way, I' God's name; I have done.   Ã‚  Ã‚  Ã‚   BEATRICE:  Ã‚  Ã‚   You always end with a jade's trick: I know you of old.    Were the reader to judge the relationship between the characters solely by the above lines, they would come to the conclusion that these characters much disliked, if not hated each other.   This is most likely not the case.   In today's world, with its knowledge of psychology, we are aware that this behaviour is   most likely a cover-up for other feelings.   In fact, many relationships begin with the parties involved denying attraction to each other

Ajinomoto Co. Inc. essay

Ajinomoto Ajinomoto Co. Inc. is a Japanese food and chemical corporation which produces seasonings, cooking oils, TV dinners, sweeteners, amino acids and pharmaceuticals. In particular it is the world's largest producer of aspartame, with a 40% global market share. When Professor Kikunae Ikeda from the University of Tokyo isolated glutamate from the seaweed and discovered its flavour enhancing properties in 1908. The next year, his discovery was introduced to the market in the form of the flavour enhancer AJI-NO-MOTO.The literal translation of Aji no Moto is â€Å"Essence of Taste,† used as a trademark for the company’s original monosodium glutamate (MSG) product. Thanks to the company's eminent status, its brand has found its way even to notable Asian language dictionaries as a half-synonym for MSG. Ajinomoto (Malaysia) Berhad started its business operations in 1961 as AJI-NO-MOTO ® monosodium glutamate producer. It is also one of the very first Japanese joint-ventur e companies to be set up in this country.Ajinomoto (Malaysia) Berhad has since grown into a dynamic food seasoning manufacturer marketing diverse brand name that is trusted by Malaysian for decades. Our AJI-NO-MOTO ® food seasoning is an indispensable item in almost every Malaysian home. Ajinomoto Group Philosophy We create better lives globally by contributing to significant advances in Food and Health and by working for Life. Ajinomoto Group Way Create New Value Create value with new ideas and continuous innovation based on unique technologies and science. Product value creation bolstered by technology, new dietary proposals) Pioneer Spirit Continue to constantly take on the challenge of creating new businesses and markets. (Adapt to regional culture and market conditions in creating markets) Social Contribution Accommodate social requirements with humility and honesty, with the objective of maximizing value for society through business activities. (Resolve social issues) (Impro ve the global environment) (Security and safety) (Trustworthy production) (Fair, impartial, transparent and simple) Value PeopleRespect the humanity of all the people involved in the Ajinomoto Group's businesses, and be an organisation in which they can grow and display their abilities to the fullest extent. (Provide a workplace where people can flourish) (Career development, support and follow-up) (Fair performance evaluation) (Teamwork) Ajinomoto Group Vision We aim to be â€Å"a group of companies that contributes to human health globally† by continually creating unique value to benefit customers. 1. To become a global group of food companies centered on the world's No. seasoning business. 2. To become a global group of amino science companies that contributes to humankind with the world's No. 1 amino acid technology. 3. To become a group of health-promoting companies with a scientific approach to good taste and health. Ajinomoto(M) Berhad Segment Analysis Ajinomoto (M) Be rhad (Ajinomoto) is a food and chemical corporation that engaged in manufacturing and selling monosodium and other related products. The company is divided into two major segments that publicly report financial reports.The Umami segment (Umami) comprises of products that are derived from the fermentation process such as Monosodium Glutamate (MSG) and related products. The Umami segment accounted for 70. 0% of 2011 sales, making it the largest Ajinomoto's operating segments. The Food and Seasoning segment (FSS) consists of products derived from the extraction and mixing process such as Industrial Seasonings, Tumix and related seasonings. This segment accounted for 29. 82% of Ajinomoto's sales in 2011. Others segment (Others) products sold by the company comprises of trading goods such as industrial sweetener, feed-use amino acid and frozen foods.The segment accounted for 0. 18% of Ajinomoto's sales in 2011. Condensed Statement og Financial Performance 2007-2011 | |2011 |2010 |2009 |2 008 |2007 | |Sales |316,165,220 |284,616,880 |243,838,799 |215,462,459 |190,628,976 | |Net Earning |25,870,244 |23,939,091 |19,072,212 |31,984,464 |18,670,013 |Total Ajinomoto sales increases over the last past years however its profitability has varied. Sales peaked at over RM316 millions in 2011 and has the lowest sales in 2007 at over RM 190 millions. Ajinomoto has yet incurred profit loss over the last five years. Ajinomoto's stock price has been steadily increases from RM1. 95 in 2007 to RM 4. 00 in 2011. Despite the varied profit earning and steadily increases of sales, Ajinomoto has continued to increase gradually from RM0. 79 in 2007 to RM 0. 15 in 2011.This is a clear indication of the importance that Ajinomoto attaches to the informal content associated with dividends: with the increase of sales, dividends will continue to increase. Industrial Analysis Bloomberg and Reuters have classified Ajinomoto as food processing industry sector. This paper will discuss in details Aji nomoto's financial stability compared with other companies in the food processing industry. The Malaysia Food Processing Industry The food industry in Malaysia is as wide as the multi-cultures of Malaysia, with wide range of processed foods with Asian taste.The industry is primarily Malaysian-owned, and estimated the present global retail sales in food products are worth around US$3. 5 trillion. It is expected to grow at annual rate of 4. 8 per cent to US$6. 4 trillion in 2020. The industry has more than 9000 processing factories of which 95% are classified as small-scale. Food processing companies are normally perceived as agro-based industries which have a strong backward linkage. However, in Malaysia, this is not the case as it is estimated that over 70% of raw materials used in the processed food are imported.Therefore, Malaysia is a net importer for food products. Value for imported food increase from RM17. 9 billion in 2005 to RM30. 2 billion in 2010, about RM82 million a day. The increase in 2010 was credited to Malaysia's climate, various economic factors, and higher standard of living. Financial Ratio Analysis Financial ratios for Ajinomoto for food industry are provided as below. The firm in food processing industry subset represent 16% of the total food industry sales of RM1. 972 billion in 2011.    |2011 |2010 |2009 |2008 |2007 | | |Ajinomoto |Food Industry |Ajinomoto | | | | |Amount |Percentages changes | |Other items of income |2,321,549 |4,066,021 |(1,744,472) |-42. % | | | | | | | |Items of expenses | | | | | |Changes in inventories of finished goods, |409,346 |788,248 |(378,902) |-48. % | |work in progress and goods-in-transit | | | | | |Raw materials and packaging consumed |(188,077,870) |(162,076,389) |(26,001,481) |16. 0% | |Finished goods purchased |(7,780,993) |(10,951,068) |3,170,075 |-28. 9% | |Employee benefits expense |(33,496,637) |(31,147,630) |(2,349,007) |7. % | |Depreciation and amortisation |(12,753,094) |(11,627,019) |(1,126, 075) |9. 7% | |Reversal/(impairment) of assets |3,204 |(20,360) |23,564 |-115. 7% | |Other operating expenses |(44,848,503) |(42,772,605) |(2,075,898) |4. % | |Profit before tax |31,942,222 |30,876,078 |1,066,144 |3. 5% | |Income tax expense |(6,071,978) |(6,936,987) |865,009 |-12. 5% | |Profit net of tax, represents total |25,870,244 |23,939,091 |1,931,153 |8. % | |comprehensive income for the financial | | | | | |year | | | | | |Earnings per share attributable to equity | | | | | |holders of the Company (sen) | | | | | |Basic |42. |39. 4 |3. 2 |8. 1% | |Net dividend per share (sen) |15. 75 |15. 00 |0. 75 |5. 0% | Income Statement – 2010 |Income Statement |2010 |2009 |Increase or Decrease During 2010 | | | | |Amount |Percentages changes | |Revenue |284,616,880 |243,838,799 |40,778,081 |16. % | |Other items of income |4,066,021 |4,387,766 |(321,745) |-7. 3% | | | | | | | |Items of expenses | | | | | |Changes in inventories of finished goods, |788,248 |9,219,317 |(8,431,069) | -91. % | |work in progress and goods-in-transit | | | | | |Raw materials and packaging consumed |(162,076,389) |(155,094,975) |(6,981,414) |4. 5% | |Finished goods purchased |(10,951,068) |(8,061,329) |(2,889,739) |35. 8% | |Staff costs |(31,147,630) |(29,049,802) |(2,097,828) |7. % | |Depreciation and amortisation |(11,627,019) |(9,534,228) |(2,092,791) |22. 0% | |Impairment of assets |(20,360) |399,605 |(419,965) |-105. 1% | |Other operating expenses |(42,772,605) |(30,427,115) |(12,345,490) |40. 6% | |Profit before tax |30,876,078 |25,678,038 |5,198,040 |20. % | |Income tax expense |(6,936,987) |(6,605,826) |(331,161) |5. 0% | |Profit for the year |23,939,091 |19,072,212 |4,866,879 |25. 5% | |Earnings per share attributable to equity | | | | | |holders of the Company (sen) | | | | | |Basic |39. |31. 4 |8. 0 |25. 5% | |Net dividend per share (sen) |15. 00 |12. 92 |2. 08 |16. 1% | Income Statement – 2009 |Income Statement |2009 |2008 |Increase or Decrease During 2009 | | | | |Amount |Percentages changes | |Revenue |243,838,799 |215,462,459 |28,376,340 |13. % | |Other items of income |4,387,766 |17,205,836 |(12,818,070) |-74. 5% | | | | | | | |Items of expenses | | | | | |Changes in inventories of finished goods, |9,219,317 |(321,473) |9,540,790 |-2967. % | |work in progress and goods-in-transit | | | | | |Raw materials and packaging consumed |(155,094,975) |(114,201,038) |(40,893,937) |35. 8% | |Finished goods purchased |(8,061,329) |(5,025,774) |(3,035,555) |60. 4% | |Staff costs |(29,049,802) |(27,117,151) |(1,932,651) |7. % | |Depreciation and amortisation |(9,534,228) |(8,740,933) |(793,295) |9. 1% | |Impairment of assets |399,605 |164,220 |235,385 |143. 3% | |Other operating expenses |(30,427,115) |(37,045,175) |6,618,060 |-17. 9% | |Profit before tax |25,678,038 |40,380,971 |(14,702,933) |-36. % | |Income tax expense |(6,605,826) |(8,396,507) |1,790,681 |-21. 3% | |Profit for the year |19,072,212 |31,984,464 |(12,912,252) |-40. 4% | |Earnings per share attributable to equity | | | | | |holders of the Company (sen) | | | | | |Basic |31. 2 |34. |(3. 2) |-9. 3% | |Net dividend per share (sen) |12. 92 |8. 92 |4. 00 |44. 8% | Income Statement – 2008 |Income Statement |2008 |2007 |Increase or Decrease During 2008 | | | | |Amount |Percentages changes | |Revenue |215,462,459 |190,628,976 |24,833,483 |13. % | |Other items of income |17,205,836 |8,044,056 |9,161,780 |113. 9% | | | | | | | |Items of expenses | | | | | |Changes in inventories of finished goods, |(321,473) |(448,494) |127,021 |-28. % | |work in progress and goods-in-transit | | | | | |Raw materials and packaging consumed |(114,201,038) |(103,743,602) |(10,457,436) |10. 1% | |Finished goods purchased |(5,025,774) |(4,871,823) |(153,951) |3. 2% | |Staff costs |(27,117,151) |(25,633,738) |(1,483,413) |5. % | |Depreciation and amortisation |(8,740,933) |(8,661,427) |(79,506) |0. 9% | |Impairment of assets |164,220 |(850,543) |1,014,763 |-119. 3% | |Other operating ex penses |(37,045,175) |(33,433,642) |(3,611,533) |10. 8% | |Profit before tax |40,380,971 |21,029,763 |19,351,208 |92. % | |Income tax expense |(8,396,507) |(2,359,750) |(6,036,757) |255. 8% | |Profit for the year |31,984,464 |18,670,013 |13,314,451 |71. 3% | |Earnings per share attributable to equity | | | | | |holders of the Company (sen) | | | | | |Basic |34. 4 |24. |9. 7 |39. 3% | |Net dividend per share (sen) |8. 92 |7. 90 |1. 02 |12. 9% | Income Statement – 2007 |Income Statement |2007 |2006 |Increase or Decrease During 2007 | | | | |Amount |Percentages changes | |Revenue |190,628,976 |170,592,741 |20,036,235 |10. % | |Other items of income |8,044,056 |1,852,434 |6,191,622 |77. 0% | | | | | | | |Items of expenses | | | | | |Changes in inventories of finished goods, |(448,494) |(2,525,867) |2,077,373 |-463. % | |work in progress and goods-in-transit | | | | | |Raw materials and packaging consumed |(103,743,602) |(90,491,939) |(13,251,663) |12. 8% | |Finished goods purchas ed |(4,871,823) |(5,084,454) |212,631 |-4. 4% | |Staff costs |(25,633,738) |(24,107,966) |(1,525,772) |6. % | |Depreciation and amortisation |(8,661,427) |(10,148,276) |1,486,849 |-17. 2% | |Impairment of assets |(850,543) |(1,145,779) |295,236 |-34. 7% | |Other operating expenses |(33,433,642) |(32,090,000) |(1,343,642) |4. % | |Profit before tax |21,029,763 |6,850,803 |14,178,960 |67. 4% | |Income tax expense |(2,359,750) |(841,246) |(1,518,504) |64. 4% | |Profit for the year |18,670,013 |6,009,557 |12,660,456 |67. % | |Earnings per share attributable to equity | | | | | |holders of the Company (sen) | | | | | |Basic |24. 7 |10. 4 |14. 3 |57. 9% | |Net dividend per share (sen) |7. 90 |7. 90 |0 |0% | Balance Sheet – 2011 Balance Sheet |2011 |2010 |Increase or Decrease During 2011 | | | | |Amount |Percentages changes | |Assets | | | | | |Non-Current Assets | | | | | |Property, plant and equipment |104,358,059 |102,765,733 |1,592,326 |1. % | |Prepaid land lease payments |0 |0 |0 |0. 0% | |Investment in associate |0 |0 |0 |0. 0% | |Other receivables |843,561 |1,061,831 |(218,270) |-20. % | |Investment securities |672,685 |798,813 |(126,128) |-15. 8% | |Other investments |281,000 |281,000 |0 |0. 0% | | |106,155,305 |104,907,377 |1,247,928 |1. % | | | | | | | |Current Assets | | | | | |Inventories |62,802,628 |52,255,273 |10,547,355 |20. 2% | |Trade and other receivables |32,410,933 |26,068,630 |6,342,303 |24. % | |Derivatives |36,263 |0 |36,263 | | |Cash and cash equivalents |68,767,151 |56,354,967 |12,412,184 |22. 0% | | |164,016,975 |134,678,870 |29,338,105 |21. 8% | |Total assets |270,172,280 |239,586,247 |30,586,033 |12. % | | | | | | | |Equity and liabilities | | | | | |Current liabilities | | | | | |Retirement benefit obligations |345,271 |466,710 |(121,439) |-26. % | |Trade and other payables |38,238,679 |24,617,997 |13,620,682 |55. 3% | |Derivatives |2,397 |0 |2,397 | | |Current tax payable |1,589,523 |151,171 |1,438,352 |951. % | | |40,175,870 |25 ,235,878 |14,939,992 |59. 2% | | | | | | | |Non-current liabilities | | | | | |Retirement benefit obligations |5,756,631 |5,295,024 |461,607 |8. % | |Deferred tax liabilities |4,051,039 |4,939,037 |(887,998) |-18. 0% | | |9,807,670 |10,234,061 |(426,391) |-4. 2% | |Total liabilities |49,983,540 |35,469,939 |14,513,601 |40. 9% | |Net assets |220,188,740 |204,116,308 |16,072,432 |7. % | | | | | | | |Equity attributable to equity holders of the | | | | | |company | | | | | |Share capital |60,798,534 |60,798,534 |0 |0. % | |Share premium |4,303,700 |4,303,700 |0 |0. 0% | |Retained earnings |148,553,371 |132,359,068 |16,194,303 |12. 2% | |Other reserves |6,533,135 |6,655,006 |(121,871) |-1. 8% | |Total equity |220,188,740 |204,116,308 |16,072,432 |7. % | |Total equity and liabilities |270,172,280 |239,586,247 |30,586,033 |12. 8% | Balance Sheet – 2010 |Balance Sheet |2010 |2009 |Increase or Decrease During 2010 | | | | |Amount |Percentages changes | |Assets |   |   |   |   | |Non-Current Assets |    |   |   | |Property, plant and equipment |62,661,795 |60,798,913 |1,862,882 |3. 1% | |Prepaid land lease payments |40,103,938 |39,510,974 |592,964 |1. 5% | |Investment in associates |0 |1,348,751 |(1,348,751) |-100. 0% | |Other investments |1,079,813 |1,123,377 |(43,564) |-3. % | |   |103,845,546 |102,782,015 |1,063,531 |1. 0% | |   |   |   |   |   | |Current Assets |   |   |   |   | |Inventories |52,255,273 |46,356,553 |5,898,720 |12. % | |Trade and other receivables |27,130,461 |30,099,502 |(2,969,041) |-9. 9% | |Cash and cash equivalents |56,354,967 |43,221,990 |13,132,977 |30. 4% | |   |135,740,701 |119,678,045 |16,062,656 |13. 4% | |Total assets |239,586,247 |222,460,060 |17,126,187 |7. % | |   |   |   |   |   | |Equity and liabilities |   |   |   |   | |Current liabilities |   |   |   |   | |Retirement benefit obligations |466,710 |320,578 |146,132 |45. % | |Trade and other payables |24,617,997 |22,857,239 |1,760,758 |7. 7% | |Current tax payable |151,171 |445,670 |(294,499) |-66. 1% | |   |25,235,878 |23,623,487 |1,612,391 |6. % | | |   |   |   |   | |Non-current liabilities |   |   |   |   | |Retirement benefit obligations |5,295,024 |5,052,251 |242,773 |4. % | |Deferred tax liabilities |4,939,037 |4,487,325 |451,712 |10. 1% | |   |10,234,061 |9,539,576 |694,485 |7. 3% | |Total liabilities |35,469,939 |33,163,063 |2,306,876 |7. % | |   |   |   |   |   | |Equity attributable to equity holders of the |   |   |   |   | |company | | | | | |Share capital |60,798,534 |60,798,534 |0 |0. % | |Share premium |4,303,700 |4,303,700 |0 |0. 0% | |Reserves |139,014,074 |124,194,763 |14,819,311 |11. 9% | |Total equity |204,116,308 |189,296,997 |14,819,311 |7. 8% | |Total equity and liabilities |239,586,247 |222,460,060 |17,126,187 |7. 7% | Balance Sheet – 2009 Balance Sheet |2009 |2008 |Increase or Decrease During 2009 | | | | |Amount |Perce ntages changes | |Assets |   |   |   |   | |Non-Current Assets |   |   |   |   | |Property, plant and equipment |60,798,913 47,657,260 |13,141,653 |27. 6% | |Prepaid land lease payments |39,510,974 |40,207,748 |(696,774) |-1. 7% | |Investment in associates |1,348,751 |1,348,751 |0 |0. 0% | |Other investments |1,123,377 |1,252,063 |(128,686) |-10. % | |   |102,782,015 |90,465,822 |12,316,193 |13. 6% | |   |   |   |   |   | |Current Assets |   |   |   |   | |Inventories |46,356,553 |32,383,255 |13,973,298 |43. % | |Trade and other receivables |30,099,502 |27,863,680 |2,235,822 |8. 0% | |Cash and cash equivalents |43,221,990 |66,193,647 |(22,971,657) |-34. 7% | |   |119,678,045 |126,440,582 |(6,762,537) |-5. 3% | |Total assets |222,460,060 |216,906,404 |5,553,656 |2. % | |   |   |   |   |   | |Equity and liabilities |   |   |   |   | |Current liabilities |   |   |   |   | |Retirement benefit obligations |320,578 |296, 972 |23,606 |7. % | |Trade and other payables |22,857,239 |28,230,809 |(5,373,570) |-19. 0% | |Current tax payable |445,670 |1,748,521 |(1,302,851) |-74. 5% | |   |23,623,487 |30,276,302 |(6,652,815) |-22. % | |   |   | |   |   | |Non-current liabilities |   |   |   |   | |Retirement benefit obligations |5,052,251 |4,461,628 |25,697 |0. % | |Deferred tax liabilities |4,487,325 |4,088,518 |5,451,058 |133. 3% | |   |9,539,576 |8,550,146 |24,612,917 |287. 9% | |Total liabilities |33,163,063 |38,826,448 |(5,663,385) |-14. % | |   |   |   |   |   | |Equity attributable to equity holders of the |   |   |   |   | |company | | | | | |Share capital |60,798,534 |60,798,534 |0 |0. % | |Share premium |4,303,700 |4,303,700 |0 |0. 0% | |Reserves |124,194,763 |112,977,722 |11,217,041 |9. 9% | |Total equity |189,296,997 |178,079,956 |11,217,041 |6. 3% | |Total equity and liabilities |222,460,060 |216,906,404 |5,553,656 |2. 6% | Balance Sheet – 2008 B alance Sheet |2008 |2007 |Increase or Decrease During 2008 | | | | |Amount |Percentages changes | |Assets |   |   |   |   | |Non-Current Assets |   |   |   |   | |Property, plant and equipment |47,657,260 |46,324,751 |1,332,509 |2. 9% | |Prepaid land lease payments |40,207,748 |23,081,794 |17,125,954 |74. 2% | |Investment in associate |1,348,751 |1,348,751 |0 |0. 0% | |Other investments |1,252,063 |1,134,441 |117,622 |10. 4% | |   |90,465,822 |71,889,737 |18,576,085 |25. % | |   |   |   |   |   | |Current Assets |   |   |   |   | |Inventories |32,383,255 |25,104,026 |7,279,229 |29. 0% | |Trade and other receivables |27,863,680 |24,590,686 |3,272,994 |13. 3% | |Cash and cash equivalents |66,193,647 |64,193,072 |2,000,575 |3. 1% | |   |126,440,582 |113,887,784 |12,552,798 |11. 0% | |Total assets |216,906,404 |185,777,521 |31,128,883 |16. % | |   |   |   |   |   | |Equity and liabilities |   |   |   |   | |Current liabilities |   |   |   |   | |Retirement benefit obligations |296,972 |711,923 |(414,951) |-58. 3% | |Trade and other payables |28,230,809 |25,619,622 |2,611,187 |10. 2% | |Current tax payable |1,748,521 |226,829 |1,521,692 |670. 9% | |   |30,276,302 |26,558,374 |3,717,928 |14. % | |   |   |   |   |   | |Non-current liabilities |   |   | |   | |Retirement benefit obligations |4,461,628 |3,822,256 |266,262 |7. 0% | |Deferred tax liabilities |4,088,518 |3,878,168 |4,671,978 |120. 5% | |   |8,550,146 |7,700,424 |31,126,024 |404. 2% | |Total liabilities |38,826,448 |34,258,798 |4,567,650 |13. % | |   |   |   |   |   | |Equity attributable to equity holders of the |   |   |   |   | |company | | | | | |Share capital |60,798,534 |60,798,534 |0 |0. 0% | |Share premium |4,303,700 |4,303,700 |0 |0. 0% | |Reserves |112,977,722 |86,416,489 |26,561,233 |30. 7% | |Total equity |178,079,956 |151,518,723 |26,561,233 |17. 5% | |Total equity and liabilities |216,906,40 4 |185,777,521 |31,128,883 |16. 8% | Balance Sheet – 2007 Balance Sheet |2007 |2006 |Increase or Decrease During 2007 | | | | |Amount |Percentages changes | |Assets |   |   |   |   | |Non-Current Assets |   |   |   |   | |Property, plant and equipment |69,406,545 |73,405,024 |(3,998,479) |-5. 4% | |Investment in associate |1,348,751 |1,678,751 |(330,000) |-19. 7% | |Other investments |1,134,441 |1,234,984 |(100,543) |-8. 1% | |   |71,889,737 |76,318,759 |(4,429,022) |-5. % | |   |   |   |   |   | |Current Assets |   |   |   |   | |Inventories |25,104,026 |29,511,903 |(4,407,877) |-14. 9% | |Trade and other receivables |24,590,686 |25,197,271 |(606,585) |-2. 4% | |Cash and cash equivalents |64,193,072 |30,450,944 |33,742,128 |110. 8% | |   |113,887,784 |85,160,118 |28,727,666 |33. 7% | |Total assets |185,777,521 |161,478,877 |24,298,644 |15. % | |   |   |   |   |   | |Equity and liabilities |   |   |   |   | |Current liab ilities |   |   |   |   | |Retirement benefit obligations |711,923 |444,305 |267,618 |60. 2% | |Trade and other payables |25,619,622 |15,548,449 |10,071,173 |64. 8% | |Current tax payable |226,829 |133,929 |92,900 |69. 4% | |   |26,558,374 |16,126,683 |10,431,691 |64. % | |   |   |   |   |   | |Non-current liabilities |   |   |   |   | |Retirement benefit obligations |3,822,256 |3,663,700 |214,468 |5. 9% | |Deferred tax liabilities |3,878,168 |4,048,857 |3,651,567 |90. 2% | |   |7,700,424 |7,712,557 |26,546,241 |344. 2% | |Total liabilities |34,258,798 |23,839,240 |10,419,558 |43. % | |   |   |   |   |   | |Equity attributable to equity holders of the |   |   |   |   | |company | | | | | |Share capital |60,798,534 |60,798,534 |0 |0. 0% | |Share premium |4,303,700 |4,303,700 |0 |0. 0% | |Reserves |86,416,489 |72,537,403 |13,879,086 |19. 1% | |Total equity |151,518,723 |137,639,637 |13,879,086 |10. 1% | |Total equity and liabilities |18 5,777,521 |161,478,877 |24,298,644 |15. % | Reference http://www. barubian. net/2012/02/rm92m-spent-on-imported-food-every-day. html http://www. scribd. com/doc/36423986/Food-Industry-Malaysia http://findarticles. com/p/articles/mi_m3723/is_6_15/ai_105043862/ http://thestar. com. my/archives/2006/8/17/IMP3/chapter19. pdf http://www. ifrj. upm. edu. my/19%20(01)%202011/(38)IFRJ-2011-122%20Yodfiatfinda. pdf http://www. mida. gov. my/env3/index. php? page=food-industries http://www. miti. gov. my/cms/content. jsp? id=com. tms. cms. section. Section_63c203a6-c0a8156f-5cff5cff-cbccc275 http://malaysia. ahk. de/fileadmin/ahk_malaysia/Bilder/Others/Market_Watch_Food_Industry_2011_ENG_. pdf

Why was there an economic boom in the 1920s Essay Example

Why was there an economic boom in the 1920s Essay Example Why was there an economic boom in the 1920s Paper Why was there an economic boom in the 1920s Paper This essay will investigate why there was an economic boom in the 1920s. It will lead you through the reasons why there was an economic boom and how they were linked to cause the economic boom as a whole. Lady Liberty that stands proudly in New York says, Give me your tired, your poor, your huddled masses yearning to breathe free. The wretched refuse of your teeming shore. Send these, the homeless, tempest-tossed to me. I lift my lamp beside the golden door. After the war, this was Americas statement to the world. It told people everywhere that if they were unsatisfied with life they could come to America, the Land of Opportunity, for a better life. This statement caused millions of immigrants to horde over to America. They became the fuel America needed for its boom by working to improve Americas economy. Without the immigrants there would not be enough people to push this boom of the 1920s forward. Americas growing population was encouraged to work hard by the Republican presidents of the time. They introduced the policy of Laissez-Faire which was basically the Republican presidents, specifically Coolidge, Harding and Hoover, leaving the economy to run without government interference. The state did not meddle with business, and in addition, there were low taxes on income and profit so that the American population could retain their money and invest it back into American goods, strengthening the economy. However, the Republican presidents had put a large tax onto foreign goods, making American goods much cheaper so that Americans, and the rest of the world, would buy them. After the World War ended in 1918, America had come out on top. Lots of countries, mainly from Europe had been buying huge amounts of goods from America to fuel themselves in the War. This meant that whilst all these countries had been devastated, American industry was thriving from all the sales they had made. Americas industry had become the largest in the world and had created a huge European market which kept pouring money into the American economy. The war had strengthened the American economy greatly, along with the plentiful natural resources in America to be used by the industry. The bountiful amounts of money that the American economy had, paved the way for advances in technology. The use of electricity to its full potential was the main advance that boomed many other technological advances. Electricity was in most homes in America and 70 percent had electric lighting. Factories were increasingly being run on electricity and overall the electricity consumption had doubled in the 1920s. This had paved the way for a whole range of domestic goods such as cookers, fridges, vacuum cleaners, washing machines and radios which now were in such a large scale that had never been seen before. Now factories were much more efficient, which contributed to a boom in the transport, construction and advertising industries as well as shopping. A great example of the boom of the 1920s was Henry Ford. He had thought of the assembly line to produce the most successful car ever in mass production. This assembly line brought great efficiency to his car manufacture which meant he could sell it for much cheaper than the competition which made more people buy it so he could make the car even cheaper. Unsurprisingly, Ford got extremely wealthy, but he had also done a great deed for American economy. He had introduced an extremely efficient production technique to America which led to companies trying to improve their efficiency as well. Because of Henry Ford American industry became very efficient and it strengthened the economy. Also very importantly this had boomed many other industries as well. The rubber, glass, and metal industries increased rapidly due to Ford needing the materials for his Model T. The amount of roads doubled which opened up a space for mail order and shopping, causing mass advertising and people becoming richer which created big businesses, which sold more goods increasing the economy. Americas economic boom was carrying on and on. Every boom had created other booms, and this had continued to happen all through the roaring1920s. This had created many new businesses and strengthened current business which in turn created less unemployment, which created a richer population, who then were most likely to reinvest into American goods due to the tax on foreign goods. Confidence in American Economy grew and firms were offering to loan money to the population. This gave more money to Americans which they either spent on goods which strengthened the economy or they invested it into stocks which strengthened the economy also. All of these things contributed in the economy increasing rapidly which in the end produced a self generating economy. This self generating economy had caused American economy to be in a time of great success and all the factors which I have explained during this essay contributed to this Self generating economy.

Where to Find Full-Text Sociology Journals Online

Where to Find Full-Text Sociology Journals Online Finding full-text sociology journals online can be difficult, especially for students with limited access to academic libraries or online databases. There are a number of sociology journals that offer free full-text articles, which may be especially useful for students who do not have easy access to an academic library. The following journals offer access to a selection of full-text articles online. The Annual Review of SociologyThe Annual Review of Sociology, in publication since 1975, covers the significant developments in the field of Sociology. Topics covered in the journal include major theoretical and methodological developments as well as current research in the major subfields. Review chapters typically cover social processes, institutions and culture, organizations, political and economic sociology, stratification, demography, urban sociology, social policy, historical sociology, and major developments in sociology in other regions of the world. The Future of ChildrenThis publications aim is to disseminate information on issues related to childrens well-being. The target of the journal is a multidisciplinary audience of national leaders, including policymakers, practitioners, legislators, executives, and professionals in the public and private sectors. Each issue has a focal theme. Topics covered have included the protection of children, children and poverty, welfare to work, and special education for children with disabilities. Each issue also contains an executive summary with recommendations and a summary of articles. Sociology of Sport OnlineSociology of Sport Online is an online journal that deals with the sociological examination of sport, physical education and coaching. Perspectives on Sexual and Reproductive HealthPerspectives on Sexual and Reproductive Health (formerly, Family Planning Perspectives) provides the latest peer-reviewed, policy-relevant research and analysis on sexual and reproductive health and rights in the United States and other industrialized countries. Journal of Criminal Justice and Popular CultureThe Journal of Criminal Justice and Popular Culture is a scholarly record of research and opinion on the intersection of crime, criminal justice, and popular culture. Western Criminology ReviewThe Western Criminology Review is the official peer reviewed publication of the Western Society of Criminology which is devoted to the scientific study of crime. Keeping with the Societys mission as stated by the president of WSC the journal is meant to provide a forum for publication and discussion of theory, research, policy, and practice in the interdisciplinary fields of criminology and criminal justice. Globalization and HealthGlobalization and Health is an open access, peer-reviewed, online journal that provides a platform for research, knowledge sharing and debate on the topic of globalization and its effects on health, both positive and negative. Globalization essentially refers to anything supra-territorial, anything that transcends the geopolitical boundaries of the nation-state. As a process it is being driven by liberalisation of markets and technological advancements. In essence, it is about human proximity people are now living in each others metaphorical pockets. Behavior and Social IssuesBehavior and Social Issues is an open-access, peer-reviewed, interdisciplinary journal that serves as a primary scholarly outlet for articles that advance the scientific analysis of human social behavior, particularly with regard to understanding and influencing important social problems. The primary intellectual frameworks for the journal are the natural science of behavior, and the sub-discipline of cultural analytic science. The journal is particularly interested in publishing work related to issues with social justice, human rights, and environmental implications, but all significant social issues are of interest. IDEA: A Journal of Social IssuesIDEA is a peer-reviewed electronic journal created for the exchange of ideas related mainly, to cults, mass movements, autocratic power, war, genocide, democide, holocaust, and murder. International Journal of Child, Youth, and Family StudiesThe International Journal of Child, Youth and Family Studies (IJCYFS) is a peer reviewed, open access, interdisciplinary, cross-national journal that is committed to scholarly excellence in the field of research about and services for children, youth, families and their communities. Social MedicineSocial Medicine is a bilingual, academic, open-access journal published since 2006 by the Department of Family and Social Medicine at Montefiore Medical Center/Albert Einstein College of Medicine and the Latin American Social Medicine Association (ALAMES).

Last Minute SAT Prep Programs

Last Minute SAT Prep Programs SAT / ACT Prep Online Guides and Tips Only have a couple days left before the SAT? There’s still time to improve your scores!A few hours of focused prep can make a big difference in your test performance, especially if you have obvious mistakes that you haven't noticed. Here are some guidelines that will help you design a last minute SAT study plan that works for you. I'll also give you a bunch of last minute SAT tips to raise your score. Time-Based Study Plans First, figure out how much time you can afford to devote to SAT prep in the short time you have before the test.Don’t forget to factor in other commitments and make sure you’re getting enough sleep so you can take full advantage of your review. The 5 Hour Plan If you have five hours to study and you haven’t studied at all before now, you should use your time to take an SAT practice test. This will help you get more comfortable with the format of the test and the types of questions to expect.You can improve your scores slightly just by taking a practice test! If you have already taken a few practice tests and don’t think it will be as helpful for you to take another one, use your five hours to take a closer look at missed questions.Focus on where you tend to make the most mistakes, and try to understand why they're happening.See the 15 hour plan below and this article to learn more about how to review your mistakes. You should also think about how much time you’re spending per question.For Math, it should be no more than a minute. For CriticalReading and Writing, it should be no more than 30-45 seconds. Familiarize yourself with how it feels to spend this much time on a question so you will know how to structure your time on the test. If you find yourself spending a longer amount of time on a question, you should skip it and move on to the next one so you will get to every question in the section and not miss easy points later! The 15 Hour Plan With this much time, there is potential for a substantial improvement in your scores. Let's break it down hour by hour. Hours 0-5: Take a Practice Test If you haven’t studied yet, this will help you get an idea of your weak spots and where you should focus the rest of your time.Be sure to take the test with realistic time constraints so that you can diagnose the problems you’re having accurately (often the main issue students have on the SAT is time). Hours 5-10: Review Your Mistakes For each question you answer incorrectly, make sure you know why your choice was incorrect and how to arrive at the correct answer. Also keep track of the questions where you had to guess. Even if you got some of them right, you still want to review anything that you didn't quite understand on the test. Usually mistakes fall into four categories: 1. Not Enough Time: You didn’t get to the question Study Strategy: Practice doing questions within the time constraints for the test so you get used to moving faster. Learn how to effectively skim reading passages, and make sure you know when to skip questions. Remember, you get a minute for math questions and 30-45 seconds for reading and writing questions. 2. Question Comprehension: You didn’t understand what the question was asking or got tricked by it Study Strategy: Slow down and read the questions more carefully! Sometimes it helps to write down the question in simpler form before answering. It also can't hurt to practice similar questions so your familiarity with the format will prevent confusion. 3. Unknown Material: You didn’t know the material covered in the question Study Strategy:Find a source for lesson material on the topic you don’t understand, and practice more questions that are similar.This is an area where a program like PrepScholar could really help you because it targets your weak content areas. 4. Careless Mistake: Your brain tapped out for a sec Study Strategy: Why did you make the mistake? Time pressure? Read the question too fast and missed an â€Å"except† or other critical word?Work on your time management so you can leave yourself a few minutes at the end of a section to go over your answers. On the flip side,be sure that you’re not going through questions faster than you should and making these mistakes as a result. Hours 10-15: Get Specific This is when you can really focus on the section or sections where you are making the most mistakes.Practice questions for that section and review any material that is unfamiliar to you. If you really want to make the most of your study time, you might consider signing up for PrepScholar.We’ve shown a 100 point improvement for 15 hours using our prep program. This is because we help you accurately determine your strengths and weaknesses across all sections of the test and will tailor your prep time to your needs so you get the most out of it. If you sign up now, you can also use PrepScholar to prepare for the next time you take the SAT. The faceless spectre of time will never tire from pursuing us all, especially on the SAT. General Tips for Last Minute Studying Here are a couple of additional pointers to help you get the most out of your last minute study time. Take a look at this article for even more tips. Spend more of your last minute study time on analyzing your mistakes than on practice testing You’re going to see the biggest difference in your scores if you take the time to understand your mistakes.As I mentioned earlier, you should be able to explain why your answer was incorrect as well as the rationale behind the correct answer. That way when you come across a similar question later, you'll know exactly how to answer it! Know the facts Take a look at these formulas you should know for the SAT.Also familiarize yourself with grammar rules for the writing section so you can feel more confident about your answers. You don't want to run into any big surprises on the test. Be time-conscious If you have a tendency to fall victim to time pressure, practice doing questions with the same time constraints you would have on the test.This will help you get used to the pacing and prevent you from accidentally lingering for too long on a question you should have skipped initially. Plan your essay Don’t go into the SAT essay without anything prepared!Come up with some versatile concrete examples that you will be able to use in your argument. Looking Ahead If you think you’ll take the SAT again, try not to procrastinate as much on studying for the next test date.Short cram sessions aren’t going to cut it if you’re looking to boost your score a few hundred points or more.It can take over a hundred hours of studying to achieve really big score improvements.See these estimates for score improvements vs. study time: 0-50 SAT Composite Point Improvement: 10 hours50-100 Point Improvement: 20 hours100-200 Point Improvement: 40 hours200-300 Point Improvement: 80 hours300-500 Point Improvement: 150 hours+ Figure out your target SAT score based on which schools you plan to apply to, and then decide how you’re going to get there. Also check out these study plans for ideas on how to structure your studying over a longer period of time.Remember, last minute studying can be helpful, but it shouldn’t be your only prep method! In conclusion... What's Next? If you're still looking for more last minute SAT tips, head on over to this article. It will give you some test-taking strategies and advice for how to prepare on the day of the test. For additional last minute SAT prep, you should consider reading these guides. Here's a link to eight SAT practice teststo kickstart your studying! Want to improve your SAT score by 240 points?We have the industry's leading SAT prep program. Built by Harvard grads and SAT full scorers, the program learns your strengths and weaknesses through advanced statistics, then customizes your prep program to you so you get the most effective prep possible. Check out our 5-day free trial today:

Reflection on Least Restrictive for whom Essay Example | Topics and Well Written Essays - 500 words

Reflection on Least Restrictive for whom - Essay Example It is where he was most comfortable and able to enjoy life, just like other human beings do. 2. Yes, I agree that deafness must be the most difficult condition to live with because without hearing it is hard to speak, too. Without sound life would be very bland and lonely, not to mention very scary. Without being able to communicate it would be frightening for even the strongest of people. 3. Mary may have had better communication in explaining the fact that Brian was not doing so well in the school. He was sad and lonely because he could not communicate properly. The parents knew that she cared very much for Brian, but nothing really could have helped let them know how crucial to his improvement it was to be around other hearing impaired people. Only they can truly understand each other. The parents had to come to terms with that for themselves and they did. 4. If they had the means to they should have had a trained speech pathologist work with Brian regularly in a class of other hearing impaired students so that he did not feel that he was all alone in a sea of hearing human beings. Not being the only one perhaps would have allowed him a better chance at integrating himself. If he could have seen more people like himself it wouldn’t have been as fearful. 5. I think the placement of Brian came at the correct time. Such a young child was better off in the care of his parents until it was time for him to begin learning about the rest of the world. The parents could only do so much since they were not trained in sign language at the time. At the age he was placed it was crucial for him to develop into a normal child with friends and communication everyday - a remarkable amount of communication that he could understand and encompass, so that it would lead to a more fulfilling life for him. Brian’s story is a touching one. It is sad that any human being has to experience the sadness of being hearing impaired. However, with lots of

Financial crisis Term Paper Example | Topics and Well Written Essays - 2000 words

Financial crisis - Term Paper Example In such a situation, the entity would face liquidity problems, have cash flow problems, and see the net worth decreasing. If it happens to a market or a bank, then there would be panic selling that further brings the prices of stocks down. There would be a run on the banks with a large number of people attempting to withdraw cash. Assets would lose their valuation. Depending on the severity of the crisis, the market would recover in a few days or the ill effects would persist for a few years. A financial crisis is followed by recession and a general slowdown of the market. Financial crisis can even happen to individuals and businesses and such entities cannot pay their bills, they cannot pay their employees and their business would be repossessed. Recession is said to follow financial crisis and when the GDP becomes negative for two quarters, then the nation is said to be in recession (World Bank, 28 June 2012). This paper examines the subject of financial crisis and discuses various types, causes and method of preventing such a crisis. 2) Types of Financial Crisis Financial crisis usually results in a notional and ‘on paper’ wealth of a firm. If the firm has retained its assets and other infrastructure then after the crisis is over, it can regain its previous position in the market. Financial crises usually occur in a free and liberal market economy that is not subject to protection and where market forces are free to act on the economy. As an example, UK, USA and many other nations have a free and open economy hence financial crisis occur in these markets. However, in the former Soviet Russia, nation such as North Korea and even China where the market is regulated, market forces are not allowed to act freely. Types of financial crisis are broadly classified as international and domestic crisis (Cipriani and Guarino, 2008). These again have sub types and these are discussed as below. A) International Financial Crisis International financial crisis occur at two levels and mechanisms. One is where turmoil in the global stock markets causes a global market crash that precipitates a financial crisis. Another type is the currency crisis that can lead to sovereign default. These terms are explained as below. 1) Global Crisis Global crises can begin in one corner of the world and then if the causes and money involved is high, the crisis can spread to other stock exchanges and nations quickly. One of the reasons is due to the inter connectedness of the stock markets and financial markets across the world. Hence, if the London Stock Market Index crashes and it cannot recover, it will cause the Japan Nikkei index and the US based Dow and NYSE index also to crash. This can create a financial crisis when there is no liquidity in the market and funds, loans, cash is not available. As a result, banks cannot clear the payments, customers and depositors cannot withdraw crash and business also cannot pay their vendors and employees. When thi s cash shortage is long lasting and it affects all the nations, then it becomes a global crisis (Banerjee, 2008). 2) Currencies One of the worst forms of financial crisis is the currency crisis and sovereign default. When a nation that has a fixed exchange rate faces a speculative attack on its currency, then it is forced to devalue the currency. This devaluation is done when the currency appreciates excessively against the global reserve currency, the USD.

Econ Essay Example | Topics and Well Written Essays - 1250 words

Econ - Essay Example However, this policy has some disadvantages worth mentioning. For instance, it can cause a more volatile inflation. It can also create an opposite force in the economy when the Federal Reserve wants to do a monetary policy. Moreover, it can potentially widen the national’s budget deficit. Hence, the proposal on having an automatic trigger for discretionary fiscal policy may not be necessary, since the cons outweigh the pros. To have a better understanding on how an automatic trigger of discretionary fiscal policy can affect the economy, some changes in the basic IS-MP model must be made. At present, since there is going to be an automatic increase in government purchase and decrease in taxes whenever output decreases, government purchase, denoted as G, will be made into a negative function of output and taxes, denoted as T, which is a positive function of output. Hence, if there is a decrease in output that is caused by any shock, then government purchase will increase and the tax will decrease immediately. Thus, this modification can be incorporated into the Keynesian cross diagram. Now, the expenditure function will be: E = C(Y-T(Y))+G(Y)+I(r) This change will affect the shape of the expenditure curve in the Keynesian cross diagram. The expenditure curve becomes flatter as output becomes less responsive. By virtue of this new expenditure function, the new IS curve can also be derived by simply looking at the relationship between the level output and the real interest rate. As a result, the new IS curve will be: IS = C(Y-T(Y))+G(Y)+I(r) Following this equation, the IS curve will be steeper because now, the change in output is less responsive. This change in the IS curve will affect how the economy will behave in the presence of an exogenous shock. By having this new modification for the basic IS-MP model, the AD-IA diagram can also be derived, where the new AD curve is steeper compared to the initial one [Figure 1]. Figure 1. Keynesian Cross, IS-MP, and AD-IA Diagrams with an Automatic Trigger for Fiscal Stimulus. By having the newly modified IS curve, output is going to be more stable if there is an IS or MP shock. This can be demonstrated clearly with some examples. For instance, in Figure 2, it can be assumed that the economy is at the potential output and there is a negative IS shock, such as a decrease in consumer confidence. As a result, IS curve will shift leftward and output will fall, forming a negative output gap in the economy. However, since the new IS curve is steeper, the decrease in output is not as large as when there is no automatic trigger for discretionary fiscal stimulus

Personal Ethic Essay Example | Topics and Well Written Essays - 500 words

Personal Ethic - Essay Example My friends and close family relatives taught me to respect other people, show them empathy and uphold my integrity in order to earn respect from others. In this case, my interactions with friends are based on the ethical values and some important behaviours include calmness, cooperation and mutual trust in resolving conflicts with colleagues. Another behaviour that is important to me is the ability to listen carefully to alternative views and treat others with respect. My personal ethics implies that I am capable of making prudent decisions and handling difficult situations in a group. During situations when my values are in conflict, my integrity and honest takes priority since these values enable me make the most appropriate decision in difficult circumstances. My personal commitment to a world of justice and equal opportunities has shaped my value priorities since integrity enables me do the right thing and remain non-judgmental or desist from conflicts of interest that my hinder me from making the most ethical decisions. Some of the principles that I follow include the trust, privacy, transparency, freedom of speech and conscience. I am reasonable and my personal ethics is guided by the desire to attain justice, autonomy, independence, compassion and respect for others. I can attain these ideal goals through fostering free speech, respecting individual privacy, being trustworthy and ensuring transparency. I will be courageous and I will embody justice in order to make responsible choices. Some behaviours that I advocate for include fair treatment of individuals, fair justice processes, fair compensation and avoidance of bullying or abusive behaviours during conflicts. I am capable of managing situations that may not be aligned with my personal ethics by avoiding my ethical blind spots through considering my ethical principles of independence, justice, autonomy and compassion while interacting with

POL2000 W10 ASSIGNMENT & POL2000 W11 ASSIGNMENT Coursework

POL2000 W10 ASSIGNMENT & POL2000 W11 ASSIGNMENT - Coursework Example For public administrators, as well as public figures, the legal tests devised to restrict defamation actions are particularly inflexible. One time, tabloid publishers, along with editors, took substantial care concerning what they put in writing to steer clear of government prosecution of court cases by people for libel-published slander or phony statements. In the present day, because of steadily rising constitutional principles, it has turned out to be harder to win a defamation suit against a tabloid or a magazine. Rouse a violent act. Fighting words refer to words, which by their actual nature inflict damage on people to whom these words are spoken to or provoked so that they can act violently. Fighting statements were held as constitutionally defenseless since their very declaration may inflict harm or have a propensity to provoke an immediate violation of peace. That the utterances are abusive, unpleasant, and wounding or that the words create annoyance, alarm, or bitterness is not adequate. Therefore, a four-letter statement by an individual wearing a sweatshirt was not evaluated as a fighting declaration within the constitutional logic, even if it was hateful and angered a number of people. The utterance was not meant for any person, and people who were insulted can look away (Magleby, Light, & Nemacheck, 2011, pp. 410). The regime’s power to obtain private property so that it can utilize it publicly; the United States Constitution offers countrywide and state administrations this authority and needs them to give just reparation of so taken. Federal policies, which offer fresh benefits to every national, are known as distributive policies. National parks, the expressway system, educational backing, national defense, as well as Social Security, are known to be distributive. They assist all groupings at various levels, whether wealthy or poor (Magleby, Light, & Nemacheck, 2011, pp. 460-461). In contrast, national policies, which take resources

Collapse of the Pension Schemes Case Study Example | Topics and Well Written Essays - 1250 words

Collapse of the Pension Schemes - Case Study Example The court did not oblige the government to provide for the compensation of all the victims. The Prime Minister stated that his government has already set up 1.8 billion pounds for its Financial Assistance Scheme. Even though he sympathized with them, the Prime Minister expressed that the solution should be affordable. He also expressed his concern over the decision which may hold the government always responsible for the collapse of any pension scheme which would mean billions of pounds exacted upon the government. Conservative leader David Cameron called for discussions among the government, opposition and representatives of the victims of the collapsed pension scheme to come with compensation packages. David Laws, Liberal Democrat Work and Pensions spokesman, expressed his intent to call for the amendment of the Pensions Bill so compensations could be provided. John Hutton, Work and Pensions Secretary of the Government, stated that he government would carefully consider the ombudsman's report. Society owes a big debt to the victims of collapsed pension schemes since these people have been paying taxes. Even though resources are limited, they still deserve help. The government has to set a good example by helping these hardworking people and think of creative ways to solve the pensions crisis. Henry Bradley and Bob Duncan expressed their delight over the decision. The Guardian: Pensions - Back to Basics John Benson, a victim of the collapsed pension scheme, was delighted over the decision of the high court after having suffered so much. All those affected are entitled to two kinds of justice- individual and social. The former concerns their right to receive pension because they paid their dues while the latter concerns the principle that people who have been working hard all their life are entitled to a decent living. The question of who is responsible and to what degree is still unclear even after the judgment but the court has ruled that the government is partly responsible for encouraging the people to invest in such schemes. The work and pensions secretary, John Hutton, is now responsible for the compensation of the affected person due to legal and humanitarian considerations PM Blair's concern regarding the ruling also deserves attention as it may provide the employer the opportunity to transfer the burden of compensation to the government. The government should see to it that the taxpayers are well informed about the repercussions of employers collapsing pension schemes even though it this possibility has already been minimized. Governments are still the only reliable form of material security. The Turner Commission report and the ruling recognize the role of the government in providing that security. On whether the government should compensate The dilemma that now faces us is whether the government should provide for the pension of its constituents who have become victims of collapsed pension schemes. It has been argued that these people deserve some form of compensation because they paid their dues and have been good taxpayers and it is therefore only right for them to be given what is due to them. If the government does take this responsibility, then

Personal Ethic Essay Example | Topics and Well Written Essays - 500 words

Personal Ethic - Essay Example My friends and close family relatives taught me to respect other people, show them empathy and uphold my integrity in order to earn respect from others. In this case, my interactions with friends are based on the ethical values and some important behaviours include calmness, cooperation and mutual trust in resolving conflicts with colleagues. Another behaviour that is important to me is the ability to listen carefully to alternative views and treat others with respect. My personal ethics implies that I am capable of making prudent decisions and handling difficult situations in a group. During situations when my values are in conflict, my integrity and honest takes priority since these values enable me make the most appropriate decision in difficult circumstances. My personal commitment to a world of justice and equal opportunities has shaped my value priorities since integrity enables me do the right thing and remain non-judgmental or desist from conflicts of interest that my hinder me from making the most ethical decisions. Some of the principles that I follow include the trust, privacy, transparency, freedom of speech and conscience. I am reasonable and my personal ethics is guided by the desire to attain justice, autonomy, independence, compassion and respect for others. I can attain these ideal goals through fostering free speech, respecting individual privacy, being trustworthy and ensuring transparency. I will be courageous and I will embody justice in order to make responsible choices. Some behaviours that I advocate for include fair treatment of individuals, fair justice processes, fair compensation and avoidance of bullying or abusive behaviours during conflicts. I am capable of managing situations that may not be aligned with my personal ethics by avoiding my ethical blind spots through considering my ethical principles of independence, justice, autonomy and compassion while interacting with

Collapse of the Pension Schemes Case Study Example | Topics and Well Written Essays - 1250 words

Collapse of the Pension Schemes - Case Study Example The court did not oblige the government to provide for the compensation of all the victims. The Prime Minister stated that his government has already set up 1.8 billion pounds for its Financial Assistance Scheme. Even though he sympathized with them, the Prime Minister expressed that the solution should be affordable. He also expressed his concern over the decision which may hold the government always responsible for the collapse of any pension scheme which would mean billions of pounds exacted upon the government. Conservative leader David Cameron called for discussions among the government, opposition and representatives of the victims of the collapsed pension scheme to come with compensation packages. David Laws, Liberal Democrat Work and Pensions spokesman, expressed his intent to call for the amendment of the Pensions Bill so compensations could be provided. John Hutton, Work and Pensions Secretary of the Government, stated that he government would carefully consider the ombudsman's report. Society owes a big debt to the victims of collapsed pension schemes since these people have been paying taxes. Even though resources are limited, they still deserve help. The government has to set a good example by helping these hardworking people and think of creative ways to solve the pensions crisis. Henry Bradley and Bob Duncan expressed their delight over the decision. The Guardian: Pensions - Back to Basics John Benson, a victim of the collapsed pension scheme, was delighted over the decision of the high court after having suffered so much. All those affected are entitled to two kinds of justice- individual and social. The former concerns their right to receive pension because they paid their dues while the latter concerns the principle that people who have been working hard all their life are entitled to a decent living. The question of who is responsible and to what degree is still unclear even after the judgment but the court has ruled that the government is partly responsible for encouraging the people to invest in such schemes. The work and pensions secretary, John Hutton, is now responsible for the compensation of the affected person due to legal and humanitarian considerations PM Blair's concern regarding the ruling also deserves attention as it may provide the employer the opportunity to transfer the burden of compensation to the government. The government should see to it that the taxpayers are well informed about the repercussions of employers collapsing pension schemes even though it this possibility has already been minimized. Governments are still the only reliable form of material security. The Turner Commission report and the ruling recognize the role of the government in providing that security. On whether the government should compensate The dilemma that now faces us is whether the government should provide for the pension of its constituents who have become victims of collapsed pension schemes. It has been argued that these people deserve some form of compensation because they paid their dues and have been good taxpayers and it is therefore only right for them to be given what is due to them. If the government does take this responsibility, then

Learner Resources Essay Example for Free

Learner Resources Essay Review the range of resources available within the organisation for a selected curriculum area. Prepare, use and evaluate one of them in their teaching. Analyse the strengths and challenges of the selected resource and how it has supported learning. INTRODUCTION Selecting the use of resources is a vital aspect of enhancing not only the learning experience for the student, but also the effectiveness of the teacher’s delivery. The fact that students do have varying learning needs and styles, would suggest that the teacher would need to consider the various learning resources available that could help fulfil the student needs. Therefore it is important that the use of resources are fully integrative of the teaching strategies used, hence complimenting to the effectiveness of these strategies. Teaching/learning resources that can be used are: †¢ Printed materials †¢ Photographs and slides †¢ Posters †¢ Models †¢ Chalk/Black Boards †¢ Flip charts †¢ Overhead transparancies †¢ Audi tapes and compact discs †¢ Tape slide sequences †¢ Video tapes and film †¢ Laboratory equipment †¢ Real objects †¢ Computer based resources However, whilst there is a great deal of choice available to the teacher it is important to evaluate the options available fully in order to ensure that the aims and objectives of the session are met and that resources are not chosen in an unstructured way. Rather, the resources, should be a complimentary tool to enhancing the learning experience. This can ensure effective student learning, however, if not evaluated fully, this can have a detrimental effect. Cox and Harper (2000: 57-58) pose general questions to consider when evaluating resources: †¢ Are the materials appropriate to the learning outcomes? †¢ Are they suitable in terms of the characteristics of the students? †¢ Are they clear and attractive and consistent with a professional approach to teaching? †¢ Are they reasonably cost effective? †¢ Are they suitable for the way they will be used? †¢ Are they free from discriminatory language or images? Therefore, when evaluating the most commonly used resources that have been undertaken on the Certificate of Personnel Practice Course at Barking College the above considerations will be taken into account. The table below analyses the learning resources that have been used within the teaching context on the Certificate in Personnel Practice course at Barking College. The resource most frequently used within the sessions conducted on the Certificate in Personnel Practice course is the use of the Powerpoint (see Appendix A for example of powerpoint presentation taken from Week 12 of the course). It was felt that the Powerpoint presentation enabled the greatest opportunity to convey information to a full class of students, whilst given the learners an opportunity to feedback, through questions and answers. As stated by Armitage et al (2003: 127) this method gives the potential for dynamic graphics, greater and easier to use colour and ‘live’ demonstration of interactive software and the Internet’. Additionally, Davies J et al (1993) suggests that if it is apparent to the students that little attention is given to the quality of the resource then motivation will be affected. Therefore, the session would benefit in continuously gaining student feeback on the effectiveness of this resource. Previously, overhead slides had been used, but as mentioned the use of Powerpoint has become very cost effective, through storing presentations on disk. As well as sharing this with other members of the teaching team it can be shared with the students as well. Specifically, Powerpoint allows the student to print out user-friendly handouts of the slides, which is effective for note taking. Through identifying some of the limitations of the Powerpoint the sessions include the active use of the whiteboard to write down student contributions and amendments. The need for further additional resources to compliment the Powerpoint is also needed. The use of handouts has identified further that assessments and participatory groupwork is imperative. Therefore, as with all resources it is important that there is not over-reliance on one particular resource, as this would not appeal to all learning styles and is limited in meeting the strategies adopted by the teacher. Therefore the use of complimentary and additional resources is imperative. Case studies have been identified as an ideal way of ensuring assessment, whilst obtaining active student involvement either individually or as a group to contribute. So will therefore, be used more readily in future sessions to compliment the Powerpoint resource Conclusion Different resources have their strengths and weaknesses, with some having a more positive/ negative effect on the learners than others. Therefore, a range of resources have been continuously used on the course in order to not only meet the needs of the learner but the aims and objectives of each individual session. BIBLIOGRAPHY Armitage, A et al (2003) Teaching and Training in Post-Compulsory Education. Maidenhead: Open University Press Cox, A and Harper, H (2000) Planning Teaching and Assessing Learning: A Reader. London: Greenwich University Press Davies, J et al (1993) Adult Learning, Adult Teaching 3rd edn. Cardiff: Welsh Academic Press Honey, P. and Mumford, A. (1992) Manual of Learning Styles, 3rd edn. London: Peter Honey Petty, G (2004) Teaching Today: A Practical Guide, 3rd edn. Cheltenham: Nelson Thornes