Qantas free essay sample

Lowest price without jeopardizing the quality. 2. Better quality, simple way of operation and better look that means ability to be creative and innovative. According to Porter (1985) all generic competitive strategies have different way of cresting sustainable competitive advantage. And a company must always choose a strategy or else it will be stuck in the middle without coherent strategy (Acquaah amp; Yasai – Ardekani, 2006). Many companies for example Wal – Mart and AirAsia have been implementing a single strategy very successfully. Examples of companies which has used differentiation strategy as single strategy successfully: * Differentiation by Brand: Harley Davidson and Mercedes Benz * Differentiation by Design: Titan watches – with gold studded gems, diamonds, precious metals. * Differentiation by Positioning: Domino Pizza ‘ 30 minutes delivery’ * Differentiation by Technology: Apple Computers * Differentiation by Innovation: 3M. Furthermore there are successful companies which apply hybrid – strategy which implies both cost leadership amp; differentiation strategy at the same time. Eg: German’s Automotive, Tesco supermarket, IKEA. We will write a custom essay sample on Qantas or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Competitive Strategy: It is the way by which firms choose to accomplish and hold their competitive advantage. Regarding competitive strategy Porter stated that â€Å"taking offence or defensive actions to create a defendable position in an industry, to cope with †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦competitive forces and thereby yield a superior return for the firm†. Companies have established different approaches to competitive strategy, as per the crisis companies should apply respective strategy. The basic of generic strategy: Porter stated that company’s strength is divided into two attributes: cost advantage and differentiation. By applying these attributes in a broad and narrow focus, three generic strategies result: cost leadership, differentiation and focus. They do not represent any industry nor they are specific to any company. PORTER’S GENERIC STRATEGIES: Diagram 1: (Porter, 1980) Normally means â€Å"pursue a quality approach†. Enables a price premium to be charged for the quality difference. Normally means â€Å"pursue a quality approach†. Enables a price premium to be charged for the quality difference. Aim to have lowest cost-base industry. Will facilitate favourable / cheaper pricing and thus grow market share in elastic industries particularly. Aim to have lowest cost-base industry. Will facilitate favourable / cheaper pricing and thus grow market share in elastic industries particularly. Competitive Advantage Competitive Advantage Differentiation Differentiation Lower Cost Lower Cost Broad Target Broad Target 1. Cost Leadership| Competitive Score Competitive Score 2. Differentiation| Narrow Target Narrow Target 3 A. Cost Focus| 3 B. Differentiation Focus| Concentrate on one or a small number of market segments. Can be differentiation or cost leadership. Concentrate on one or a small number of market segments. Can be differentiation or cost leadership. Porter initially advised Firms to avoid attempting both Strategies Stuck in the Middle as out and out differentiators and cost leaders will tend to be more competitive. The success of Japanese (and other) firms with JIT, Kaizen and TQM techniques appears to provide evidence contrary to this view. Requirements for generic competitive strategies: Generic Strategy| Commodity Required Skills and Resources| Common Organizational Requirements| Overall cost leadership| Sustained capital investment access to capital| Tight cost control| | Process engineering skills| Frequent, detailed control reports| | Intense supervision of labour| Structured organization and responsibilities| | Products designed for ease | Incentives based on meeting strict quantitative| | Low-cost distribution system| targets in manufacture| Differentiation| Strong marketing abilities| Strong coordination among functions in Ramp;D, product development, and marketing| | Product ngineering| | | Creative flare | | | Strong capability in basic research| Subjective measurement andincentives instead of quantitative measures| | Corporate reputation for quality or technological leadership| Amenities to attract highly skilled labour, scientists, or creative people| | Long tradition in the industryor unique combination of skills drawn from other businesses| | | Strong co operation fromchannels| | Focus| Combination of the above policies directed at the particular strategic target| Combination of the above policies directed at the regular strategic target| Four strategic types and their approaches to strategy (Miles and Snow)? : 1. Defender: * protect market share * hold current position 2. Analyser: * seek market opportunities but protect existing areas * hold market share but with some innovation 3. Prospector: * find new opportunities * exploit and take risks 4. Reactor: * respond only to other * often late and inadequate COST AND DIFFERENTIATION STRATEGY: Cost Leadership Strategy The cost leadership strategy represents cost control and efficiency in all areas of operation (Porter, 1980). A company that decides to follow cost leadership actually achieves it by performing important value chain activities with lower cost (Porter, 1985). Cost – Leadership strategy strives to supply a standard, no frills, high volume product with a competitive price to customers (Bingxin Li amp; Juan Li, 2008) which is preferred in developing countries India, China, Indonesia amp; Malaysia. This make product more competitive than others with brand image and good service (Hutchinson et al. 2007; Frambach et al. 2003; Porter, 1980). Cost Leadership aim requires strong focus on supply side as oppose to demand side of market – with high level competitor orientation (Day amp; Wendley, 1988). Cost Leadership strategy used by companies must benchmark them in a profitable position in the market place. As per Porter (1980), efficient cost leadership strategy minimizes cost in areas like Ramp;D, Services, Sales and Advertising. In Japan, Toyota Company has successfully implemented cost leadership strategy with increased efficiency (Schonberger, 1994) which is a different factor make up in this strategy when compared to the western countries. Allen amp; Helms, 2001) Differentiation Strategy – The generic of differentiation strategy can be based upon design and brand image, distribution amp; so forth (Frambach. Et al. 2003). It involves by creating a place in the market that is realized as being different in the industry and has the capability to endure for a long run (Porter, 1980). The effectiveness of str ategy depends on competitive offering to customers (Slater amp; Olson, 2001) with unique product for varied customer groups. This is with the aim to create minimum price of product in order to develop satisfaction and loyalty. A firm with differentiation strategy creates superior characteristics in terms of image, reputation, reliability and equality (Dean amp; Evans, 1994; Sashi and Stern, 1995). This creates qualitative difference in products amp; service, engaged in advertising programs, marketing techniques with premium prices (Miller, 1986). According to Acquaah and Yasai – Ardekani (2006). Firms with competitive strategies has advantage over their rivals as they realized how unique their products and services are. The differentiation strategy has been successfully implemented in France, Sweden, Canada with companies having advantage of Financial and technology resources, human capital and modern management (Aulakh et al, 2000) Focus Porter defined focus as one of the generis strategies but later on mentioned it as moderator of cost leadership and differentiation strategy, Companies which apply this strategy normally focus on the market where there are less competition. (Pearson, 1999). Firms uses this strategy to stress on a specific positioning in the market and so it offers quality and specialized products for that position. Therefore sometimes focus strategy is referred as niche strategy (Lynch, 2003). This strategy allows the firm the possibility to charge a premium price for its specialized products. Ferrari and Rolls – Royce are examples of company using such strategy. The only problem with the strategy is that niche characteristic is not sufficient to justify company’s attention. Stuck in the middle – When a company fails to make a choice between the strategies then it is implied that the company is stuck in the middle. Thus affecting its profitability and resulting poor financial performance. (Peter, 1980) THE COMBINATION (HYBRID) STRATEGY: The Porter Generic competitive Strategies (1980, 1985) can’t be given excessive prominence. Competitive forces ( Allen and Helms, 2006; Miller, 1992; Spanos, et al. , 2004) has been termed â€Å" hybrid, mixed, integrated or combination strategies. (Kim. Et al. , 2004; Spanos, et al. , 2004). They combine both low cost and differentiation elements (Gopalakrishna and Subramanian, 2001; Proff, 2000). A combination of cost leadership and differentiation strategies should be distinguish from ‘stuck in the middle’ where firm fails to successfully pursue both. (Acquaah amp; Yasai – Ardekani, 2006). A combination or hybrid strategy has been proved to be viable and profitable (Kim et al. , 2004; Miller amp; Dess, 1993; Wright et al. , 1991). Firms pursuing combined strategy achieved higher performance than the other firms which apply single strategy. Combined strategy also helps the firm to minimize their vulnerability due to reliance on cost – based advantages only (Yasai – Ardekani amp; Nystrom, 1996). This hybrid strategy success depends on ability to deliver enhanced benefit to customers with low price and sufficient margins to reinvestment. Tesco Supermarket is following same the same strategy (Strategy Explorer, 2010) THE APPLICATION OF SINGLE STARTEGY: Cost Leadership Strategy: The cost leadership strategy is the basis for long – run compare to price competition. Price competition is easily duplicated (Porter, 1980; Ellis amp; Kelly, 1992). In retail business cost reduction must be exploited which minimizes cost throughout value chain activities. Important issues in retail business are related with cost of goods sold. (COGS). Large retail business achieve more easily cost leadership due to more power supplier to secure low procurement prices for purchased goods (Ellis amp; Kelley, 1992; Anderer, 1997). Datuk Tony Fernandez as CEO of AirAsia Berhad said â€Å"Before business can grow it needs to have its cost under control, efficient and profitable and also it must create value†. AirAsia leader of LCC in Malaysia, Thailand and Indonesia will face competition from existing and new players and it need to make consideration amp; more stressed for the point of becoming the low cost carrier in the airline industries. Differentiation Strategy: It emphasis several dimensions such as image, gain customer loyalty, innovation and level of service (Kim et al. , 2004) by generating differences n product through intensive marketing amp; image management (Miller 1988) and creating products which are innovative, dependable, durable, and serviceable (Beal amp; Yasai – Ardekani, 2000) In retail business company, as for manufacturing companies two main arguments against Porter framework have emerged (Mintzberg, 1996; Worztel, 1987; Zentes and Anderer, 1994) – * Strategies that co mbine several competitive advantages are not considered by Porter. * The reduction of possible competitive advantage to two basic types is simplistic amp; especially differentiation advantages can be reached in different ways. The implementation of combination of Cost Leadership and Differentiation Strategy (Hybrid Strategy): This new hybrid strategy may become even more important and more popular as Global competition increase. With generic strategy company improve their ability to adapt quick environment changes and learn new skills and technologies involving customer’s value with products at low cost compare to competitor’s products. Cost leadership enables the company to charge the lowest competitive price and achieving competitive advantage by delivering value to customers based on both product features and low price. Competitive strategy is not only feasible but generates superior incremental performance result in multiple sources of competitive advantage. This will generate superior performance over the inability to success. The success of Japanese companies such as Toyota, Canon and Honda are best examples of cost leadership and differentiation strategies. (Ishikura, 1983). Porter’s Generic Strategies in Hospitality Industry: 1. Cost Leadership Strategy: Hotelier such as Fairfield Inns, Etap offer services which are basics. Thus by doing so, they keep the cost at minimum and attract lot of market segment. . Differentiation Strategy: Chain of hotels such as Marriott and Hilton apply this strategy by providing guests with high quality and special service and experience. 3. Focus Strategy: Four Seasons only stress on elite guests and Burj Al Arab hotel only target guests such as royal families, celebrities, and rich industrialists. Five Forces Analysis: Porter developed this model as a fram ework to understand the profitability about the industry. Mentioned below are the five forces: * Supplier’s power * Buyer’s power * The threat of substitutes * The ease of entry to the market The intensity of rivalry in the market Porter Five Forces that shape industry competition: Example of a pharmaceutical company in US: †¢ Potential New Entrants: There are high barriers for entry especially in the US market due to the regulatory compliance, patent laws and the risk associated with the industry this remains a weak competitive force. The cost related to the Ramp;D also limits the Potentials New Entrants. †¢ Suppliers: Supplier power in low as the majority of the pharmaceutical sale is among the ten large pharmaceutical companies also they remain the major costumer for the chemical industry. Buyers: The power of the buyers is a moderate competitive force. Increasing pressure is being applied on the manufacturers to reduce the prices. In the pharmaceutical in dustry the end-user of the product has very low power as they buy the drugs that the decision maker or the doctor prescribes. †¢ Substitutes: This competitive power is weak when the products have the patent production but gets medium when they are off patent. CONCLUSION: Successful organization adopts a combination of competitive aspect to build a hybrid strategy. i. e. Design and low cost, quality and price . Only competing on price is not good enough (Daan Assens’s Learning , 2010). Cost leadership and differentiation strategies are very successful in much different kind of industries, for developing, transition and developed economics. Cost leadership, Differentiation and hybrid strategies have been successfully applied for very broad range of products and services from retail products to luxury products. TABLE 1: STRATEGIES USED BY THE COMPANIES No. | Strategy| Where has the strategy been applied | Products/Services that the strategy has been applied | 1. Cost Leadership| Developing, Transition and developed economics (worldwide)| Cars Industry (Toyota), Airline Business (Air Asia), Retail Business (Giant and Carrefour Supermarket)| 2. | Differentiation| Developing, Transition and developed economics (worldwide)| Cars and Motor cycle Mercedes Benz, Harley Davidson, Titan Watches, Domino Pizza, Apple , 3M| 3. | Hybrid – (Combination of Cost Leadership and Differentiation S trategy)| Developing, Transition and developed economics (worldwide)| Car Industry – Toyota, Honda, Furniture Industry IKEA| REFERENCES: Acquaah, M. amp; Yasai-Ardekani, M. (2006). Does the implementation of a combination competitive strategy yield incremental performance benefit? A new perspective from transition economy in Sub-Saharan Africa. Journal of Business Research 61, 346 – 354. * Anderer, M. (1997). Internationaliseerung im Einzelhandel. Deutscher Fachverlag, Frankfurt. * Aulakh, Preet S. , Masaaki Kotabe. amp; Hildy Teegen. (2000). Export Strategies and Performance of Firms from Emerging Economies: Evidence from Brazil, Chile and Mexico. Academy of Management Journal, Vol. 3 (3), 342-61. * Bingxin Li, C. amp; Juan Li, J. (2008). Achieving Superior Financial Performance in China : Differentiation, Cost Leadership or Both? American Marketing Association, Journal of International Marketing, Vol. 16(3), 1-22. * Daan Assen’s Learning, (2010). Hybrid strat egy: sustainable competitive advantage. http://www. daanassen. com/hybrid-strategy-sustainable-competitive-advantage (3 Jan, 2011). * Dess, G. , G. amp; Davis, P. S. (1984). Porter’s (1980) generic strategies as determinants of strategic group memberships and organizational performance. Academic of Management Journal 27, 467-488. * Frambach, Ruud T. , Jaideep Prabhu. amp; Theo M. M. Verhallen. (2003). The Influence of Business Strategy on New Product Activity: The Role of Market Orientation. International Journal of Research in Marketing, Vol. 20 (4), 377-97. * Hutchinson, Karise, Nicholas Alexander, Barry Quinn amp; Anne Marie Doherty. (2007). Internalization Motives and Facilitating Factors: Qualitative Evidence from Smaller Specialist Retailers. Journal of International Marketing, Vol. 15 (3), 96-122. * Kim, E. , Nam, D. amp; Stimpert, J. L. (2004). Testing the Applicability of Porter’s Generic Strategies in the Digital Age: a Study of Korean Cyber Malls. Journal of Business Strategies, Vol. 21, 19-45. * Miller, A. amp; Dess, G. (1993). Academy of Management Assessing Porter’s (1980) Model in terms of its Generalizability, Accuracy and Simplicity. Journal 36 (4), 763-788. * Mintzberg, H. (1996). Generic Business Strategies. In: Mintzberg, H. , Quinn, J. (Eds), The Strategy Process, thirded. Prentice Hall International, Upper Saddle River/Nj, 83-92. * Morshett, D. , Benhard Swoboda amp; Hanna Schramm-Klein. (2006). Competitive Strategy in Retailing – An Investigation of the Applicability of Porter Framework for Food Retailers. Science Direct. Journal of Retailing and Customer Services 13, 275-287. * Nayyar, P. R. (1993). Performance Effect on Information Asymmetry and scope in diversified Service Firms. Academy of Management Journal, 36, 28 -58. * Pearce, J. amp; Robinson, R. (1994). Strategic Management–Formulation, Implementation and Control, Fifth Edition. Irwin, Burr Ridge/IL. * Porter ME. (1985). Creating and sustaining superior performance. Competitive Advantage. New York : Free Press. Schonberger, R. (1994). Human Resource Management Lessons from a Decade of Total Quality Management and Reengineering. California Management Review, Vol. 36 (4), 109-134. * Worztel, L. 1987. Retailing Strategies for to Day’s Mature Market Place. Journal of Business Strategy 8 (Spring), 45-56. * Yasai-Ardekani, M. , Nystrom, PC. (1996). Design for Environmental Scanning Systems: Test of a Contingency Theory. Management Science, 187-204. * Zentes, J, amp; Anderer, M. (1994). Retail Monitoring 1/94: Customer Service as a Way Out of Crises. GDI-Retailer- Trendletter, Vol. 2(1), 1-29.

Jewish Discrimination essays

Jewish Discrimination essays The Jewish "race" has been in existence since 1300 B.C. Jews are not even a race, but more of a religious group. They are united under the religion of Judaism. The Jewish identity is a blend of ethnic, national, and religious concepts. The term "Jew" has often been used in a derogatory manner. Many people think that Jews are a dirty, filthy, cheap, miserly race of people. This is completely absurd, because they practice a different type of religion and they have the right to do so. Jews have often been referred to as "Kikes" which is a disgraceful term for a Jew to be called. Some other terms and phrases that discriminate against the Jewish people are "Jew baby" and "That's Jewish", implying Jews are cheap and worthless. About fifty percent of Israeli Jews are not white Europeans, but Oriental Jews. There is often confusion due to the fact that some share the same physical characteristics as their Arab neighbors. They fled the Arab nations to live alongside their European Jewish brethren because they suffered from discrimination and national oppression. The largest and most horrific form of discrimination happened during the Holocaust. Adolf Hitler set up concentration camps in 1933 for all Jews, homosexuals, Communists, Gypsies, and others that he did not like. He tortured them and starved them simply because they did not fit the Aryan race, which was his version of the superior race. Hitler's attempt to eliminate the entire Jewish "race", also known as genocide, but he failed. He killed millions of innocent people, just because he simply did not like them. "A common error and persistent modern myth is the designation of the Jews as a 'race'" (Roth, C., Oxford University Reader in Jewish Studies, 1939- 1964, in: "Jews", "Collier's Encyclopedia", 13: 574, 1991). This statement further explains the definition of "race". Jews should not be considered a "race". They have their own set of beliefs that may be different ...

Employee Privacy Report Essay Example | Topics and Well Written Essays - 1000 words

Employee Privacy Report - Essay Example Then again, this is a significant undertaking that takes place within an organization and my workplace has definitive rules and policies which need to be followed at all times. The e-mail usage is such that employees use it to converse with one another within the workplace. It is used for transferring files to one another, and to make sure that the employees remain in constant touch. It is also employed to set up meeting timings and to apprise the staff at large regarding the changes happening within the workplace settings. The Internet usage is mostly for gaining some news that is available through different news websites, newspapers and other similar ones so that the employees know exactly what is going on throughout the world. Also they are allowed to make use of search engines like Yahoo!, Google and others to find queries which they have from time to time. The privacy policy therefore covers the different aspects which surround the employee usage of the e-mail premise and the In ternet. The current laws regulating employee e-mail and Internet privacy surround the basis of understanding that the employees involve themselves within work and abstain from personal assignments and undertakings. However, there is no hard and fast rule that disallows them from checking their personal e-mail and browsing on social networking websites. But then again they have been told clearly through the policy that governs the technological use that they must conduct their own selves in a very direct way and be loyal to the company’s resources at all times. Their demeanor should be such that they abstain from indulging too much in social networking domains yet reveal their social side in a quantifiable manner as well. There are definitive notions attached with how e-mail usage is allowed on the part of the employees and how Internet privacy must be told to all and sundry within the business enterprise. The laws are very much present within the organization and their promul gation is being manifested by the relevant people who are sitting within the workplace entities. Regulating employee e-mail is an important element of understanding how liberal the laws are and what can be achieved from these laws in essence. This regulation is all the more fundamental because employees can waste time when they are at work and indulge in acts which are unbecoming of them in the long run. This asks for the proper incorporation of the regulations and the privacy policy which exists at the workplace so that employees give in their best, time and time again. The companies implement e-mail and Internet use policies because they feel they need to keep a check on their employees on a regular basis. Also these companies require of their employees to give in their best on a consistent basis and this can only take place once they know that the e-mail and Internet usage are in affordable proportions. Since social media and Internet usage is increasing on a daily basis, it is o nly fundamental to think of devising policies which restrict the excessive use of the e-mail and the Internet. This is the reason why many companies have adopted such mechanisms so that there are minimal issues at hand and managing the e-mail and Internet usage is under controllable realms. However, there still are cases where employees go over the top and indulge in acts which are forbidden within the business enterprise. This is the time when correct e-mail and Inter

Industry Analysis Essay Example | Topics and Well Written Essays - 250 words

Industry Analysis - Essay Example and retail companies from the US, such as The Cheesecake Factory, Cold Stone Creamery, and WokNRoll so it is clear that Kuwait accepts US retail experiences with open arms. A one area lacking in the Kuwaiti food industry is a specialty grocery sector. The good news for Whole Foods is that the food labeling standards are more relaxed in Kuwait than in the US. Moreover, many cultural events in Kuwait involve food at any social occasion, and this could be the reason obesity is increasing rapidly in the country. Introducing Whole Foods in their diet will minimize fast foods that lead to obesity. In Kuwait, cupcakes are sugary foodstuffs that most young adults make, sell, and start a business from, which contributes to the high obesity in Kuwait. People of Kuwait treasure good health that is why they seek solutions like therapists and exercise to avert the obesity conditions. This will offer the organic food a chance in the market since it is inherently healthy without obesity effects. Globalization is taking place in many different areas; the growth and spread of information media are seen to be part of the culture of globalization. Despite the growth of globalization, the Kuwaiti national identity remains

Case Study Career Aspirations Analysis Education Essay

Case Study Career Aspirations Analysis Education Essay A career is a job market as well as of the individual career seekers interest and skill. By examining the job market, those interested in careers can learn what jobs are available and in demand now and what jobs will be available and in demand in the future. Career in essence is a series of related jobs towards the fulfillment of a set of individual goals that provide a sense of satisfaction and accomplishment. My career aspiration is be to be a General Manager. To fulfill my needs, I have to do a lot of thing to get it. There are four general individual characteristics affect how people make career choices, which is Interest where they believe match their interest, Self-image where an extension of a persons self image as well as molder of it, Personality which is personal orientation and personal needs and lastly Social backgrounds which is social economic status, educational and occupation level of a persons parents. Yes I choose my career from this characteristic. I believe in myself that one day Ill be general manager. This is because my believed is really matched what I want to be in future. The type of company that I would like to work is in a international company. It because by working there I can challenge myself to achieved my goals. This has been a aspiration for me since Im small to be general manager. This is because most of my family members are working in high post in a big c ompany. So I said to myself that one day I also want to be like them. I knew something about this high post general manager from my family members, they told me and teach me some important. I have choose this because I want my personal looks to be formal, in a very standard way. By working in this area I can gain more knowledge  because of the rapid change and growth in the business where most business is going global now days. In that, I also can gain more profit faster if the business that Im doing is successful. According to John Hollands theories, the personality types and working environment has been divided into six types which is realistic, Investigative, Artistic, Social, Enterprising and Conventional. Investigative gives more interest in intellectual activities where it must be a idea and theories for someone who does a work. Enterprising is a type concerned with action and with achieving result through other people, enjoy leading and persuading for an entrepreneur and representative. This both theories really suits me because I have the criteria in it. Besides that, Career Anchors by Edger Schein function also had suits me. This career wants a person perception about his or her own talents, motive and values tended to evolve into a relatively stable pattern. Identifying ones area of contribution in the long run, this has inspire my career in working in a managerial role. I also like to learn more than one thing after fully understanding the first thing. I like to move forward every ti me and gain extra knowledge in new field. I strongly decided that this field that Im choosing for my career is well suits with my personality test. In that test my result is ENFJ. I really concern about myself when Im out with people because Im harmonious. Im very respect person, harmony, and loyal to thing that I do. I will take a risk to do job, because I want to achieve my goal and I know I have to take a risk. If I really cannot take it something that has fail my success I will regret it and will ignore it. I know by doing that I can try for second time. But it will be a bit had for the first time to hear the truth. I will be happy if I get to create something new where it can give me a lot of profit in my life. Im also ready to hear about others problem because I have the ability to solve problem. Sometimes I will confused whether which decision shall I take, but after reading all the thing carefully I will take my decision, and I wont follows others in that. 1.2 Skill Required When choosing an occupation it is very important to be skillful. Skill can be divided into basic skills and related skills. When talking about related skills we can discuss on the skills that are related to the specific job. Basic skills that are needed to be in a job can be similar to one another but will different when it comes to carrying out a specific task. The basic skills that have in myself is athletics. I can do coaching, team sport and individual sport. I have a football skill. I start coaching long time ago by helping my school teacher to train his team. Other than that, my communication skill is very good. My grammar, speaking style, listening and writing is also good. I practice my listening from other people talk and talking on phone and also talk good English to all my friends. This is how I practice my communication skills. A outdoors activities skills like farming and animal care is my aspiration skill. I learn farming from my dad, in he will always do farming and I will help him and from here I got the skill. The related skill that I have choose to be General Manager is organizing, making decision, managing time, solving problem, leading and owing or operating a business. I used to make own decision at times at college. Its like a group of my friends planning something and I will make a decision and they will listen to me. I will be on time if I go out. I want to be a good time making if I go out. This will practice me when I start my work in future. Solving a problem is my main concern, because I used to solve many of mime and my friend problem very well. I dont this to be happened very often in life. Sometimes I will lead my brothers business, he will tell me what to do and not. Im creative in making idea and very imaginative. A skill of a General Manager can be more diverse and be more general in nature to classify in any area of management or administration. The other skill that may see of a General Manager is personnel, purchasing, or administrative services. In some organizations, the duties of general and operations managers may overlap the duties of chief executive officers. By looking at these related skills of being General Manager it is seen that I have to improve and develop myself so I could achieve my career development goal and aims in future. When being a General manger it is very important for an individual to be knowledgeable and wide thinking so in any consequence the companys growth will not decline. 1.3(a) Strength Looking at my strong educational background, I have completed my Foundation Studies in Business 1 year ago and now Im doing my degree in International Business. From here I have the knowledge of the theories which I have studied for foundation. I can contribute my knowledge to others because I have the strength to do so. Below is my strength: Very punctual Creative Able to do something without anyone help Understanding in everything Friendly to everyone Very hardworking Good listener Good in creating Ideas Brave in doing anything Good in resolving problem Good in handling problem Good in giving Counseling Maintain thing well Managing time Tolerant Being a good group leader Looking at all my Strength, I have done everything at above and I know that I can do that. this is because being a good group leader can bring me to the top of leader board for a management. I can handle and solve complains, diversify works to my members, being patience and also calm down any serious situation. This is the most important characteristics needed by a good group leader. I know from here becoming a group leader will bring me to success when I become General Manager. A General Manager also will have all kind of this job working together and gain more things from it. In college, a task I given to us by our lecture and we need to choose 1 group leader. They had selected me as group leader because I have the ability to work hard, to things together, and also can solve problem if my members dont know. Other than that, I can be a good listener, member will talk and I will listen to them. Punctual is the key word, I used to be very early and will push my friends to reach at col lege early to start our work, and they listen to me. This is because Im the group leader so I feel proud and this will happen when I become a General Manager. 1.3(b) My Weakness Like to do things very fast without knowing it Language Problem Do work at last minute Take things easily My main weakness is my language problem. At college when I talk to Chinese student from China, they wont really understand English. They can only speak in Chinese language. This is what my main problem, because it might give an effect to me in future when Im dealing with customer. To solve this problem, I have to start learn English. In order for me to communicate with them, I must take sometimes to get to know them well. Section 2 Experience 1: Working After finish my SPM (secondary educational level), I worked at my uncle office as admin officer. I worked there for almost 4months before joining Stamford College. My work at first is to check all the old report and then have to clean it up. It was fun working at that way. After that I has given a task to work out with 1 employee regarding about his work. From here I really gain a lot of profit knowledge. Although I dont have knowledge about the work Im doing, but I had been guided by my uncle. Microsoft word and excel is the main subject for my working period. I have to list down the company rough account with guides from my uncle. I learn how to improve language while working, my computer skill been improve and also has solve a problem without telling to my uncle. It really gave me the exposure of office life where it increases more interest to remain in this particular field where I can actually prosper. During my working period I learn a lot of thing and it has gave me a working life style. Dress code everyday must be formal and its like a practice for me in future. When we study we dont exactly get the picture of working life. I learn to be more responsible where it really help me to organize myself. By learning all this skills I can always improve my skills because it is very important at least to have this basic requirement. For my working experience, this has gave me roughly idea how to manage myself and this can help me to my future career aspiration as a General Manager. Experience 2: Student As a student I have learn how to do my assignment without others help, exam, presentation and group project. Every subject at college has a task of assignment to do. This is given to student is because, they want student to learn doing things together and in group. For assignment, I will do research in web and find details about the task. Exam is where we will train our self to see how far we have learnt something during a certain period. From here will really push our self to achieve a good goals of mark. Presentation will be done in a group in my college. We will communicate between friends to do a work. Group project is where all members will sit together and complete a task together. This work as student is testing how far we can do something with individual and with friends. Exam we get to learnt how to write, think, how to organize something and how to manage our time management by reaching before the exam start. For assignment I learnt how to do research on net, analysis and do work in computer. Presentation I learnt oral studies with my group members about how to do, complete and research for the work. Group project is to see our team work. I was the group leader and I see that team work in my group is very well going. Experience 3: Society/Activity Final experience that I want to share is when I became a captain for my futsal team in college. From here I learnt a lot of thing about how to manage things carefully. Im a vice president of badminton club in my college. Being a team captain for my futsal team is very hard task. I learnt how to make strategies and manage my team while playing on field. Vice president works is enjoyable because I been very friendly to everyone who just join the club, get to give my experience to the junior who dont really know how to play and manage my work with arranging all the student info in details. Section 3: Objective 1 The first objective that I want to set is to find part time job on my semester break. To gain more knowledge of working style is my main target and how to solve things easily. The action that I have to take is to search job in internet and newspaper. I will do this in this 2years time because I have 2 more years to go to complete my degree. Objective 2 My second objective is I would like to set to learn Mandarin. This is because I want to improve my listening and speaking skills in this language. The actions I have taken to improve in this language is by attending for the language classes. Other than that, even to improve faster, I will start to mix around with those who have knowledge about this language. I will attend for this class during my semester break. The class will be on every weekend only for 2hours. I want to do in weekend because I will be busy on weekdays because I have classes to attend. Objective 3 My final objectives is to learn about computer programming which is basically gives more importance to internet usage. I want to learn this because computer programming is very important in today s world. To do so, I have to attend for classes in order to get the specific knowledge about using the internet. I will ask any of my friends to recommend for me a better centre that offer this program or else I will ask my brother to teach me because he is good and have experience in computer programming. I will tell my brother to give me a class for this computer programming every day for 1hour because Im staying with him. Curriculum Vitae Ravinder Singh Toor Current Address: Main Address: 88, Jalan 14/15, Section 14 958, Lorong Anggerik Kanan 3,58000 Petaling Jaya, Bandar Sunggala, 71050PD,Selangor Darul Ehsan. Negeri Sembilan. Tel: 016-6560217 DOB: 4 APRIL 1989 E-Mail: [emailprotected] To fulfill all the needs that a company want and will come up with great ideas to bring the company into a upper level of successfulness. Education 2008-2011 Currently doing my Degree in BA(Hons)International Business Average point for Year1: 66% Module: Introduction to Economics, Governing Business Activities, Accounting and Its Regulatory Framework, People Organizations Management, Marketing Principle and Practice, International Entrepreneurship. 2006-2008 Foundation Studies in Business(FSB) at Stamford College. 2002-2006 Sijil Pelajaran Malaysia(SPM) at Sekolah Tinggi Port Dickson. Experience 2005 Work part time as Waiter. 2006 Work at Damai Jaya Shipping Trading as admin. Academy/Society Sport- Football captain (2008-2009) Badminton- Vice President (2009) Toast Masters member Interest Like working in a area where I can develop my experience and learn new thing. Skills Good in Microsoft Office, Excel and Power Point. Good in handling and solving problem. Language- Excellent English and Bahasa Malaysia.

Enders Game vs. For All We Have and Are :: Orson Scott Card Rudyard Kipling

The poem "For All we Have and Are" by Rudyard Kipling examines the sacrifices made in war. Ender's Game, by Orson Scott Card, also analyzes the what an individual must give up for the survival of a group, but two of his characters, Ender Wiggin and Colonel Graff, would have differing views of Kipling's poem and a person's role in war. Rudyard Kipling wrote his poem in 1914 at the beginning of World War I. "For All We Have and Are," is a calling to protect England from a real possibility of falling. Kipling describes an urgent need to fight back, "Stand up and take the war./ The Hun is at the gate!" He knows that fighting means the loss of life, but he believes it is worth it to defend what is at stake, "For all we have and are." Kipling makes the point that as long as England prevails, the death of an individual is unimportant. Colonel Graff would agree with Kipling idea of individual sacrifice. It is the policy of the I.F. throughout the novel to forgo the freedoms of a person to ensure the survival of humanity against the buggers. At Battle School, Graff?s purpose is to train children for mankind to use as tools to fight the buggers. Graff cares for Ender, but he willingly misguides and manipulates him. He takes away Ender?s freedom, takes him from Earth, takes him from Valentine, and forces him to kill. Graff sacrifices his own humanity, so that Ender can become humanity?s tool. Graff explains to Ender the I.F. philosophy which parallels Kipling?s, ?Human beings are free except when humanity needs them. [. . .] if humankind survives, then we were good tools.? Ender could not truly relate to Kipling?s poem because everything to Ender is distant. In Ender?s world the buggers are not the pressing threat that the Central Powers were in World War I. The buggers are light-years away. Ender has only faced them in videos and in his dreams. Ender understands he must be a tool, but he is never given an opportunity to be anything else. Graff understands the feelings Ender?s isolation creates, ?when you never meet people, when you never know the Earth itself, [. . .] it?s easy to forget why earth is worth saving.

Financial Management of Goldman Sachs

To ensure adequate returns to the shareholders which will depend upon the earning capacity, market price of the share, expectations of the shareholders. 3. To ensure optimum funds utilization. Once the funds are procured, they should be utilized in maximum possible way at least cost. 4. To ensure safety on investment, i. e, funds should be invested in safe ventures so that adequate rate of return can be achieved. 5. To plan a sound capital structure-There should be sound and fair composition of capital so that a balance is maintained between debt and equity capital.Functions of Financial Management: 1. Estimation of capital requirements: A finance manager has to make estimation with regards to capital requirements of the company. This will depend upon expected costs and profits and future programmes and policies of a concern. Estimations have to be made in an adequate manner which increases earning capacity of enterprise. 2. Determination of capital composition: Once the estimation h ave been made, the capital structure have to be decided. This involves short- term and long- term debt equity analysis.This will depend upon the proportion of equity capital a company is possessing and additional funds which have to be raised from outside parties. 3. Choice of sources of funds: For additional funds to be procured, a company has many choices like- a. Issue of shares and debentures b. Loans to be taken from banks and financial institutions c. Public deposits to be drawn like in form of bonds. Choice of factor will depend on relative merits and demerits of each source and period of financing. 4.Investment of funds: The finance manager has to decide to allocate funds into profitable ventures so that there is safety on investment and regular returns is possible. 5. Disposal of surplus: The net profits decision have to be made by the finance manager. This can be done in two ways: d. Dividend declaration – It includes identifying the rate of dividends and other bene fits like bonus. e. Retained profits – The volume has to be decided which will depend upon expansional, innovational, diversification plans of the company. 6.Management of cash: Finance manager has to make decisions with regards to cash management. Cash is required for many purposes like payment of wages and salaries, payment of electricity and water bills, payment to creditors, meeting current liabilities, maintainance of enough stock, purchase of raw materials, etc. 7. Financial controls: The finance manager has not only to plan, procure and utilize the funds but he also has to exercise control over finances. This can be done through many techniques like ratio analysis, financial forecasting, cost and profit control, etc.Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. When we use the terms â€Å"Goldman Sachs,† â€Å"the firm,† â€Å"we,† â€Å"us† and â€Å"our,† we mean The Goldman Sachs Group, Inc. (Group Inc. ), a Delaware corporation, and its consolidated subsidiaries. References to â€Å"this Form 10-K† are to our Annual Report on Form 10-K for the fiscal year ended December 31, 2011.All references to 2011, 2010 and 2009 refer to our fiscal years ended, or the dates, as the context requires, December 31, 2011, December 31, 2010 and December 31, 2009, respectively. Group Inc. is a bank holding company and a financial holding company regulated by the Board of Governors of the Federal Reserve System (Federal Reserve Board). Our U. S. depository institution subsidiary, Goldman Sachs Bank USA (GS Bank USA), is a New York State-chartered bank. As of December 2011, we had offices in over 30 countries and 48% of our total staff was based outside the Americas (which includes the countries in North and South America).Our clients are located worldwide, and we are an active participant in financial markets around the world. In 2011, we generated 38% of our net revenues outside the Americas. BUSINESS PRINCIPLE Our clients’ interests always come first. Our experience shows that if we serve our clients well, our own success will follow. Our assets are our people, capital and reputation. If any of these is ever diminished, the last is the most difficult to restore. We are dedicated to complying fully with the letter and spirit of the laws, rules and ethical principles that govern us.Our continued success depends upon unswerving adherence to this standard. Our goal is to provide superior returns to our shareholders. Profitability is critical to achieving superior returns, building our capital, and attracting and keeping our best people. Significant employee stock owinership aligns the interests of our employees and our shareholders. We take great pride in th e professional quality of our work. We have an uncompromising determination to achieve excellence in everything we undertake. Though we may be involved in a wide vvariety and heavy volume of aactivity, we would, if it came to a choice, rather be best than biggest.We stress creativity and imagination in everything we do. While recognizing that the old way may still be the best way, we constantly strive to find a better solution to a client’s problems. We pride ourselves on having pioneered many of the practices and techniques that have become standard in the industry. We make an unusual effort to identify and recruit the very best person for every job. Although our activities are measured in billions of dollars, we select our people one by one. In a service business, we know that without the best people, we cannot be the best firm.We offer our people the oopportunity to move ahead more rapidly than is possible at most other places. Advancement depends on merit and we have yet to find the limits to the responsibility our best people are able to assume. For us to be successful, our men and women must reflect the diversity of the communities and cultures in which we operate. That mearns we must attract, retain and motivate people from many backgrounds and perspectives. Being diverse is not optional; it is what we must be. We stress teamwork in everything we do. While individual creativity is always encouraged, we have found that team effort often produces the best results.