Risk Analysis(Costa Rica) - international management Essay

Risk Analysis(Costa Rica) - international management - Essay Example chicken, meat, fish, poultry products, and vegetables more than its demand could result to a higher possibility that the supply on-hand will rotten and depreciate its value over time. Unless XYZ would enter into a consignment contract with its suppliers, it is more likely that XYZ would experience a significantly financial loss. The same is true with other food items like canned goods. Over purchasing of slow-moving canned goods increases the supply chain risk associated with its expiration schedule. In some cases, the lack of sufficient supply for a particular consumer goods item could increase the business opportunity loss on the part of XYZ. As part of globalization, XYZ may decide to outsource some of its consumer goods item from other countries. In line with outsourcing, there is an increase supply chain risk associated with the increase of shipping cost due to the sudden increase in the world market prices of oil. As a result of inflation or a sudden weakening of the Costa Rican colon (colones) – the monetary currency in Costa Rica (BBC News; Costa Rica Guide), there is a higher possibility for XYZ to experience a decrease in its annual sales due to the higher market prices of grocery items and the fact that Costa Ricans could purchase less with their money. Having a population size of 4.5 million (BBC News) with 2.3% population growth rate (CostaRica.net) significantly contributes to potential market size for XYZ grocery store. However, there are also a lot of social or cultural risks associated with the types of food items and other non-food products solve at the grocery store. Given the fact that the population of Costa Rica is composed of different races including Ticos and minority groups like Indians, Chinese, Jews, and Black (CostaRica.net), XYZ should be able to accurately identify and consider the cultural aspects of each group in order to satisfy their individual needs and preferences when it comes to food and non-food items. For instance, a

Write the Short Essay on Places of Interest in Your Town Essay Example for Free

Write the Short Essay on Places of Interest in Your Town Essay The population of Kuala Lumpur is a unique and evenly balanced mixture of Malay, Chinese, Indian and sundry ethnicities. Conversations, manners and food throughout the city as well as the patience and insouciance to which travellers are exposed contain healthy doses of this cultural amalgamation. Batu Caves Kuala Lumpur is located approximately 11 kilometres to the north of Kuala Lumpur, Batu Caves is a limestone hill comprising three major caves and a number of smaller ones. Considered one of Kuala Lumpur’s most frequented tourist attractions, this 100-year-old temple features idols and statues erected inside the main caves and around it. Incorporated with interior limestone formations said to be around 400 million years old, the temple is considered an important religious landmark by Hindus. Central Market Kuala Lumpur located along Jalan Hang Kasturi – only a few minutes away from Petaling Street – is the renowned Central Market. Also known as Pasar Seni, this market is one of Kuala Lumpur’s most familiar landmarks as well as a popular tourist attraction. In the past it was a simple wet market yet today it is a permanent structure that houses all sorts of traders – you can find an assortment of merchandise here that ranges from handicrafts and souvenirs to authentic Malaysian batik prints. Chow Kit Market located at the northern end of Jalan Tunku Abdul Rahman, Chow Kit is acknowledged as one of Malaysia’s most infamous landmarks. Even though it may not be as well known by tourists in comparison to its starlet cousin, Petaling Street – which is located within the same area – it is definitely exciting although not for the faint hearted. Chow Kit is divided into two fairly detached halves. The first half is home to some of KL’s most sordid avenues while the other part plays host to a bazaar that is perhaps KL’s most popular. Istana Budaya is Malaysia’s National Theatre. Also known as The Palace of Culture, it towers over the National Art Gallery on Jalan Tun Razak. Built in 1999, it is the country’s main venue for local and international music, dance and drama performances, including operettas, classical concerts and more.

The Charlie Barber Treatment - :: essays research papers

A Character Study of Charlotte Barber The novel 'The Charlie Barber Treatment'; is written by Carole Lloyd. It is about a boy called Simon whose mother dies unexpectedly. He is very upset and unable to get over his mum. When he meets Charlie Barber she really cheers him up. Charlie has a big effect on Simon. Charlie is a sixteen-year-old girl who is staying with her Gran for the week.   Ã‚  Ã‚  Ã‚  Ã‚  We first meet Charlotte when Simon bumps into her outside the local newsagents in his small town. Charlie asks Simon directions to somewhere she can walk her Gran's dog. Simon tells her directions to the downs but Charlie deliberately gets confused and gets Simon to go with her.   Ã‚  Ã‚  Ã‚  Ã‚  Right from the first time we meet Charlie we see she knows what she wants. 'She chuckled and the smile went all the to her eyes which stared quite directly and honestly into his.'; This implies she is very pleased when Simon offers to show her the way to the downs.   Ã‚  Ã‚  Ã‚  Ã‚  We see she is complete control of hers and Simon's relationship, right from the beginning. ' 'I'm not going up there alone.'; Simon has a sudden sense of being out played.'; Here Simon knows that she has no intention of letting him go.   Ã‚  Ã‚  Ã‚  Ã‚  I think Charlie is a very independent girl. 'Who cares what other people think?'; She also shows she is independent by being in the village without her dad.   Ã‚  Ã‚  Ã‚  Ã‚  We know that Charlie is quite caring from when she won't give Simon any sugar for his tea. She playfully argues with him. 'It's bad for you.';   Ã‚  Ã‚  Ã‚  Ã‚  Charlie is a very clever girl. She has eleven O-levels and is going to university. Simon is clever as well so they are quite well matched.   Ã‚  Ã‚  Ã‚  Ã‚  Charlie and Simon first know for sure that they like each other when Charlie is at Simon's house. 'I needed to see you.'; Later on Simon walks Charlie home and they hug and kiss.   Ã‚  Ã‚  Ã‚  Ã‚  Charlie knows she is forward and sometimes a bit pushy but not in a nasty way. 'Gran thinks I'm very forward and you're probably just too polite to tell me.

Risk and Return Analyis and Portfolio Management of Indian Automobile Companies

PSG INSTITUTE OF MANAGEMENT FINANCIAL SYSTEMS A PROJECT REPORT On RISK AND RETURN ANALYSIS & PORTFOLIO MANAGEMENT Of INDIAN AUTOMOBILE COMPANIES Submitted by, G. Abirami(9UTB02) M. Kamalam(9UTB13) N. Nirupa(9UTB18) P. Srilakshmi(9UTB32) INDEX CONTENTS PAGE NO. Acknowledgement Statement of Problem Introduction: Industry overview Company profiles Objectives Scope & Limitations Literature Review Research Methodology Analysis & Interpretation Findings Suggestions Conclusion Bibliography (i) (ii) 1 1 3 13 13 14 18 20 33 36 37 38 ACKNOWLEDGEMENT First of all we thank the Almighty for having bestowed upon us the sufficient potential with which we are able to complete whatever work we undertake successfully. We feel a heart full of gratitude to our Director Mr. R. Nandagopal for encouraging us regarding all our curricular activities which take place at PSGIM. We also extend our thanks to our co-ordinator Mrs. V. Srividhya for being a constant support throughout and keeping us guided along the right path always. We also wish to thank our teacher for Financial and Management Accounting Mr. P. Varadharajan for having given us this opportunity in taking up this project and for his constant support and guidance throughout the course of the project. We also like to thank our parents who have carved a bright future for us by placing us in such a spectacular and prestigious institution where we could see ourselves as what and as whom we dream to become. May be the last but not the least people to thank are our friends. Thanks is a word not to be shared among friendship but it should be felt for the presence of their soulful support throughout our life. (i) STATEMENT OF PROBLEM Automotive Industry has significantly increased its contribution to overall industrial growth in the country. By 2030 India will be the third largest car market in the world after China and Japan. This coupled by the purchasing power of the ultra rich makes India a top destination for manufacturers of luxury cars Investment by foreign companies in automobiles implies a bright future for the auto industry India. This will lead to the creation of jobs, and a wider range for consumers to choose from. It will also give Indian companies a chance to compete globally for clients. This will greatly benefit the auto component and ancillary industry that will get access to the latest technology and manufacturing practices. According to Commerce Minister Kamal Nath, India is an attractive destination for global auto giants like BMW, General Motors, Ford and Hyundai who were setting base in India, despite the absence of specific trade agreements. Current Scenario On the cost front of Indian automobile industry, OEMs are eyeing India in a big way, investing to source products and components at significant discounts to home market. Overview By 2010, India is expected to witness over Rs 30,000 crore of investment. Maruti Udyog has set up the second car with an investment of Rs 6,500 crore. Hyundai will bring in more than Rs 3,800 crore to India. Tata Motors will be investing Rs 2,000 crore in its small car project. General Motors will be investing Rs 100 crore and Ford about Rs 350 crore. Ashok Leyland and Tata Motors have each announced over Rs 1,000 crore of investment. (ii) ________________________________________ ________________________________________ INTRODUCTION In India there are 100 people per vehicle, while this figure is 82 in China. It is expected that Indian automobile industry will achieve mass motorization status by 2014. Industry Overview: Since the first car rolled out on the streets of Mumbai (then Bombay) in 1898, the Automobile Industry of India has come a long way. During its early stages the auto industry was overlooked by the then Government and the policies were also not favourable. The liberalization policy and various tax reliefs by the Govt. of India in recent years have made remarkable impacts on Indian Automobile Industry. Indian auto industry, which is currently growing at the pace of around 18 % per annum, has become a hot destination for global auto players like Volvo, General Motors and Ford. A well developed transportation system plays a key role in the development of an economy, and India is no exception to it. With the growth of transportation system the Automotive Industry of India is also growing at rapid speed, occupying an important place on the ‘canvas' of Indian economy. Today Indian automotive industry is fully capable of producing various kinds of vehicles and can be divided into 03 broad categories : Cars, two-wheelers and heavy vehicles. Snippets: The first automobile in India rolled in 1897 in Bombay. India is being recognized as potential emerging auto market. Foreign players are adding to their investments in Indian auto industry. Within two-wheelers, motorcycles contribute 80% of the segment size. Unlike the USA, the Indian passenger vehicle market is dominated by cars (79%). Tata Motors dominates over 60% of the Indian commercial vehicle market. 2/3rd of auto component production is consumed directly by OEMs. India is the largest three-wheeler market in the world. India is the largest two-wheeler manufacturer in the world. India is the second largest tractor manufacturer in the world. India is the fifth largest commercial vehicle manufacturer in the world. The number one global motorcycle manufacturer is in India. India is the fourth largest car market in Asia – recently crossed the 1 million mark. 1 Segment Knowhow: Among the two-wheeler segment, motorcycles have major share in the market. Hero Honda contributes 50% motorcycles to the market. In it Honda holds 46% share in scooter and TVS makes 82% of the mopeds in the country. 40% of the three-wheelers are used as goods transport purpose. Piaggio holds 40% of the market share. Among the passenger transport, Bajaj is the leader by making 68% of the three-wheelers. Cars dominate the passenger vehicle market by 79%. Maruti Suzuki has 52% share in passenger cars and is a complete monopoly in multipurpose vehicles. In utility vehicles Mahindra holds 42% share. In commercial vehicle, Tata Motors dominates the market with more than 60% share. Tata Motors is also the world's fifth largest medium & heavy commercial vehicle manufacturer. 2 COMPANY PROFILES ASHOK LEYLAND In 1948, The Company was incorporated on 7th September, at Chennai. The Company Manufacture Comet chassis and Leyland `Tiger' and `Titan' Chassis and Leyland diesel engines. In 1955, the name of the Company was changed from Ashok Motors Ltd. , to AshokLeyland Ltd. in July. Ashok Leyland Motors Ltd. , are the associates Of the company In 2006, Ashok Leyland gets ISO/TS 16949 corporate certification In 2010, Ashok Leyland, the flagship company of Hinduja group, unveiled the Country’s first electric plug-in CNG hybrid bus, HYBUS, at the Delhi Auto show. Company Background Name Auto LCVs/HCVs House Name Hindujas Group Year of Incorporation 1948 Board of Directors: R J Shahaney Chairman / Chair Person D J Balaji Rao Director Ramachandran R Nai Director Shardul S Shroff Director V Sumantran Director Vinod K Dasari Whole Time Director J N Amrolia Executive Director S Balasubramanian Executive Director R R G Menon Executive Director M Nataraj Executive Director Rajive Saharia Executive Director 3 EICHER MOTORS In 1982, The company was incorporated on 14th October, and the Certificate of commencement of business was obtained on 28th March, 1983. It was promoted in the joint sector by Eicher Goodearth Ltd. Mitsubishi Corporation, Japan, Mitsubishi Motors Corporation Japan and Madhya Pradesh Audyogik Vikas Nigam Ltd. In 2005, Eicher Motors entered into definitive agreements with TMTL on May 27, In 2006, Eicher Motors Ltd (EML) on Feb 20, announced Mr. Siddhartha Lal as its new Managing Director designate. Eicher joins hands with Wipro to source hydraulic kits In 2007, Eicher Motors Ltd has informed that the Board of Directors of the Company in its meeting held on October 22, 2007 approved appointment of Mr. Rajesh Arora as Company Secretary as well as Compliance Officer of the Company. Company Background: Industry Name Auto LCVs/HCVs House Name Eicher Group Year of Incorporation 1982 Board of Directors: S Sandilya Chairman / Chair Person Priya Brat Director Prateek Jalan Director Siddhartha Lal Managing Director & CEO 4 ESCORTS In 1947, After partition the registered office of the Company was shifted from Lahore to New Delhi. The name of the Company was changed from Escorts (Agents) Pvt. Ltd. , to Escorts Ltd. upon its conversion into a Public company. In 2005, Escorts win . 5-m tractor order from Ghana Escorts Ltd has acquired its Polish joint venture partner, Farmtrac Tractors Europe Escorts' US subsidiary teams up with SAME Deutz-Fahr Italia In 2006, Escort India is set to manufacture tractors in Bangladesh through a Joint venture with the Nitol-Niloy group. Company Background Name Auto Tractors House Name Nand Year of Incorporation 1944 Board of Directors: Rajan NandaChairman and Managing director M G K MenonDirector P S PritamDirector Nikhil NandaJoint Managing Director 5 HERO HONDA In 1984, The Company was incorporated on 19th January, at New Delhi. The Company Manufacture motor cycles up to 100 cc capacity. The Company Was promoted by Hero Cycles (P) Ltd. (HCPL). In 2005, New product launches widen HHML's product portfolio Two-wheeler major Hero Honda on October 5 announced launch of its First scooter ‘Pleasure' Hero Honda rolls out 150-cc motorcycle Achiever. In 2006, Hero Honda announced the launch of two new variants the new ‘Glamour' and ‘Passion Plus' limited edition. In 2007, Hero Honda Motors Ltd. has appointed Mr. Yutaka Kudo as Director and Whole-time Director of the Company in the category of Executive Director w. e. f. April 1, 2007. Company Background: Industry Name Auto 2 & 3 Wheelers House Name Hero Year of Incorporation 1984 Board of Directors: Toshiaki Nakagawa Joint Managing Director Masahiro Takedagawa Non Executive Director Pawan Munjal Managing Director and CEO Takashi Nagai Non Executive Director Pradeep Dinodia Non. Exe. Independent Director 6 HMT In 1953, The Company was incorporated in Bangalore. The Company was converted into a Public Limited Company on May 13, 1977. The main objects of the Company is Manufacturing of the Machine tools, metal forming presses and press brakes, pressure die, casting machines and automatic plastic injection molding machines, automatic plastic injection molding machines. In 1998, HMT International Ltd, a wholly-owned subsidiary of HMT, has bagged a Rs. 3-crore order for setting up an Entrepreneur Technical Development Centre (ETDC) at Dakar in Senegal. In 2010, HMT Ltd has informed that Shri Harbhajan Singh has been appointed as Part-time Official Director on the Board of the Company with Effect from January 11, 2010 Company Background: Industry Name Auto Tractors House Name Public Sector Year of Incorporation 1953. Board of Directors: Rajiv BansalDirector S G SridharDirector (Operations) S BehuriaDirector Sourabh ChandraDirector K KipgenDirector Prakash SharanExecutive Director Harbhajan SinghPart Time Official Director 7 MARUTI SUZUKI In 2000, The Company was awarded the Highest Exporter Award in New Delhi. ICRA has assigned `LAAA' rating to the Rs. 200-crore Long-term non-convertible debenture program and `A1+' rating to the Rs. 100-crore commercial paper program of the company. In 2002, The government on May 14, 2002 set into motion big-ticket disinvestment in 2002-03 by announcing a two-stage process to exit from Maruti Udyog Ltd, a joint venture with Suzuki Motor Company. In 2007, Maruti Udyog Limited has informed that Mr. Tsuneo Kobayashi, a Non-executive director, has been appointed as Whole-time Director designated as Senior Joint Managing Director. The Board of Directors in their meeting held on 22nd January, 2007 has approved the above. UTI Bank and Maruti have joined hands for giving car finance. Company Background: Industry Name Auto Cars & Jeeps House Name MNC Associate Year of Incorporation 1981 Board of Directors: R C BhargavaChairman / Chair Person Amal GanguliDirector Keiichi AsaiDirector Osamu SuzukiDirector Davinder Singh BrarDirector 8 TATA MOTORS Tata Motors Limited is India's largest automobile company, with consolidated revenues of Rs. 70,938. 85 crores (USD 14 billion) in 2008-09. It is the leader in commercial vehicles in each segment, and among the top three in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. The company is the world's fourth largest truck manufacturer, and the world's second largest bus manufacturer. The company's 24,000 employees are guided by the vision to be â€Å"best in the manner in which we operate, best in the products we deliver, and best in our value system and ethics. Established in 1945, Tata Motors' presence indeed cuts across the length and breadth of India. Over 4 million Tata vehicles ply on Indian roads, since the first rolled out in 1954. Company Background Industry Name Auto LCVs/HCVs House Name Tata Group Collaborative Year Of Incorporation 1945 Board of Directors: Ratan N TataChairman / Chair Person N A SoonawalaDirector R Gopalakri shnanDirector S M PaliaDirector S BhargavaDirector V K JairathDirector 9 TVS MOTORS TVS has been at the forefront in bringing a revolution in the way personal commutation was happening, way back in the 1980s. Beginning with launching a simple, easy-to-use moped for the middle class in India in the 1980s to launching 7 new bikes in a single day (first time in the history of the automotive industry in the world), TVS has often taken the unbeaten path to innovation. The Group's principal activity is to manufacture and sell motor cycles and components. The Group operates in two segments: Automotive Vehicles and Automotive Components. Automotive Vehicles include motorcycles, mopeds, ungeared scooters and three wheelers. The products of the Group include TVS Apache, TVS Scooty, TVS Fiero, TVS Super XL, TVS Victor, TVS Centra, TVS Star etc. It's plants are located at Hosur, Tamil Nadu , Mysore, Karnataka and Solan, Himachal Pradesh. Company Background Industry Name Auto 2 & 3 Wheelers House Name TVS Group Year of Incorporation 1982 Board of Directors: Venu Srinivasan Chairman and Managing director T Kannan Director K S Bajpai Director Prince Asirvatham Director 10 MAHINDRA AND MAHINDRA: Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $6. 3 billion Indian multinational. It employs over 1,00,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, infrastructure development, trade and logistics. The Mahindra Group today is an embodiment of global excellence and enjoys a strong corporate brand image. Mahindra is the only Indian company among the top tractor brands in the world and has made an entry in the two-wheeler segment, which will see the company emerge as a full-range player with a presence in almost every segment of the automobile industry. The Mahindra Group expanded its IT portfolio when Tech Mahindra acquired the leading global business and information technology services company, Satyam Computer Services. The company is now known as Mahindra Satyam. Mahindra's Farm Equipment Sector is the proud recipient of the Japan Quality Medal, the only tractor company worldwide to be bestowed this honour. It also holds the distinction of being the only tractor company worldwide to win the Deming Prize. The US based Reputation Institute recently ranked Mahindra among the top 10 Indian companies in its Global 200: The World's Best Corporate Reputations list. Mahindra is also one of the few Indian companies to receive an A+ GRI checked rating for its first Sustainability Report for the year 2007-08. Company Background: Industry Name Auto -Cars & Jeeps House Name M & M Year of Incorporation 1945 Board of Directors: Keshub Mahindra Chairman / Chair Person Deepak S Parekh Director M M Murugappan Director A S Ganguly Director Anupam Puri Director 11 BAJAJ AUTO Bajaj Auto Ltd. is the largest exporter of two and three wheelers. With Kawasaki Heavy Industries of Japan, Bajaj manufactures state-of-the-art range of two-wheelers. The brand, Pulsar is continually dominating the Indian motorcycle market in the premium segment. Its Discover DTSi is also a successful bike on Indian roads. 2010 – Bajaj Auto launched a 135 cc Pulsar, priced at Rs 51,000, pushing the Pulsar brand into the mass segment. Company Background: Founder Jamnalal Bajaj Year of Establishment 1926 Industry Automotive 2 & 3 Wheelers Business Group The Bajaj Dominant presence in Sri Lanka, Bangladesh, Columbia, Guatemala, Peru, Egypt, Iran and Indonesia. Joint Venture Kawasaki Heavy Industries of Japan Board of Directors: Rahul Bajaj Chairman / Chair Person Rajiv Bajaj Managing Director D S Mehta Director Shekhar Bajaj Director J N Godrej Director Suman Kirloskar Director 12 ________________________________________ ________________________________________ OBJECTIVES Primary Objective: Construction of optimal portfolio using Sharpe Index Model To analyze the risk and return of Indian automobile companies. Secondary Objectives: To understand the Sharpe's Portfolio Selection Model over the Standardized Index Portfolio called Market portfolio in respect of stock market perations in India. It also involves the estimation of Beta for each potential asset; these estimations are obtained based on past data and using statistical methods in order to obtain future Beta. To understand the current scenario of Indian automobile industry. SCOPE & LIMITATIONS Scope: To get overview outline about the selected Indian automobile company, their performance comparison, market share, potential and their volatility. Serves as a source of information for investors in identifying the risk averse and risk seeking shares (more return and less risk)of selected automobile industry. To get insight about the application of Sharpe index model in risk and return analysis of portfolio management. Limitations 1. Only selected industries in Indian automobile sector. 2. The data obtained and collected are only approximate and not more accurate. 3. Market fluctuations in share price of the selected industries. 4. Application of Sharpie index model alone. 13 ________________________________________ ________________________________________ LITERATURE REVIEW â€Å"The Accounting Review†: Elgers, Pieter T. Murray, Dennis ( Apr 1982) published that a measure of investment risk-the systematic risk of the Sharpe-Linter capital asset pricing model (CAPM)-is now widely employed. The relationship between beta estimates and various accounting risk measures (ARMs) have been extensively studied by accounting researchers, but results have led to different inferences about the usefulness of ARMs. The impact of the choice of market index on inferences concerning the usefulness o f ARMs in explaining and predicting beta is investigated. The association of ARMs and beta tests are always joint tests. Beta reflects the expected co variation between the returns of a given security and those of the market portfolio of all risky capital assets. The market portfolio, however, is not observable. Empirical evidence showed: 1. that the stability of beta estimates over time are quite sensitive to the market index employed, 2. that the ability of ARMs to explain differences among betas for a cross-section of firms is highest when the betas are estimated using the CRSP equal-weighted index, and 3. that the ability of ARMs to improve upon market-based forecasts of beta depends upon the choice of market index and the error metric employed. The Journal of Finance†: Kwan, Clarence C. Y (Dec 1984) published that a simple common algorithm that is applicable to 7 models is suggested for optimal portfolio selection disallowing short sales of risky securities. The 7 models considered are: 1. Sharpe's (1963) single index model, 2. Cohen and Pogue's (1967) multi-index models in diagonal and cova riance forms, 3. Two multi-index models with orthogonal indexes, and 4. Two constant correlation models. The proposed algorithm successfully bypasses the requirement of explicitly ranking securities that is essential in previous research on the topic. Because of this feature, the algorithm is especially useful for the 2 multi-index models with orthogonal indexes where there are problems in establishing a ranking criterion. An illustrative example is provided showing the results of all the iterative steps. It is demonstrated in a simulation study performed on the 5 models with multiple groups that the procedure involved in the search for optimality requires only small numbers of simple iterative steps. Thus, the method can enhance the usefulness of these index models and constant correlation models in portfolio analysis. The Journal of Portfolio Management†: Gressis, N. , Vlahos, G. , Phillipatos, G. C. (Spring 1984) published that the recent establishment of stock index futures markets has opened up a variety of new investment opportunities that should improve the performance of both secondary markets and individual investor portfolios. Trading in stock index futures has been proposed as an effective hedge against investment risk. A technique based on the capital asset pricing model (CAPM) framework is here developed to identify the profit opportunities of stock index futures trading. With this technique, the systematic risk of a stock index futures contract can be identified for the investor buying on margin, along with the abnormal returns that can be expected from the contract and its equilibrium price. The technique is demonstrated in application to the Standard & Poor's 500 Index futures. It is shown that the risk of a stock index futures contract declines with the length of the investment horizon. However, the degree of abnormal performance and the deviation of the equilibrium price of the contract from the market price increases with time to maturity. The Journal of Portfolio Management†: French, Dan W. , Henderson, Glenn V (Winter 1985) published that the investment portfolio performance measures based on the capital asset pricing model are examined under ideal conditions that work around the problems that their critics have discovered. These problems include Miss specified independent variables, omitted variables, errors in variables, and unstable p arameters, all of which are basically beta problems. A database is constructed by simulating 60 portfolios or security return series, each containing 3 random variants having their own distribution. Regression analysis results show that winners cannot be distinguished from random performers, and that winners cannot even be labelled as such unless they are remarkably successful. If random noise is the only contaminating factor in performance evaluation, then the 4 currently popular performance measures rank in an internally consistent fashion and rank portfolio performance correctly â€Å"The Journal of Portfolio Management†: Peters (Summer 1985) published that Evidence is presented suggesting that early mispricing of stock index futures was due to market inefficiencies, but that the markets have become more efficient over time. This growing efficiency is the result of more experienced traders and the increasing availability of accurate valuation models. This evidence is derived from a test of market efficiency done using a cost-of-carry valuation model. The test is limited to the Standard & Poor's 500 and the New York Stock Exchange Composite indexes. The theoretical value for each future contract over the period June 1982-December 1983 is computed using data from CE/ICD's ANALYSTICS database. Results indicate that both index futures markets have become more efficient with time. If it is assumed that investors are rational and that expectations of the index value are not considered in valuation, it can further be assumed that dividend stream estimation is the major source of market inefficiency. Portfolio managers can now use index futures for hedging with greater confidence. 15 â€Å"The Journal of multinational financial management†: Javier Estrada and Ana Paula Serra (July 2005) published that the proper identification of the risk variables that explain the cross-section of returns in emerging markets has many and far-reaching implications for both companies and investors. We examine this risk–return relationship by focusing on three families of models, over 25 years of data, and over 1600 companies in 30 countries. We perform a statistical analysis that seeks to identify the variables that should be incorporated into the calculation of required returns on equity, and an economic analysis that seeks to determine the variables that produce the most profitable portfolio strategies. We find rather weak statistical results that prevent us from strongly recommending a given family to estimate required returns on equity. And we find somewhat stronger economic results that show that a variable belonging to our downside risk family, the global downside beta, is the one that has the largest impact on returns when portfolios are rebalanced every 5 years. â€Å"University of Mannheim – Department of Business Administration and Finance† : Alen Nosic (March 6, 2007), published that the determinants of investors' risk taking behavior. We find that investors' risk taking behaviour is affected by their subjective risk attitude and by the risk and return of an investment alternative. Our results also suggest hat consistent with previous findings in the literature objective or historical return and volatility of a stock are not as good predictors of risk taking behavior as subjective risk and return measures. Moreover, we illustrate that overconfidence or more precisely miscalibration has an impact on risk behavior as predicted by theoretical models. However, our results regarding the effect of var ious determinants on risk taking behavior heavily depends on the domain the respective determinant is elicited. We interpret this as an indication for extended domain specificity. In particular with the Markets of Financial Instruments Directive (MiFID) coming into effect we believe practitioners could improve on their investment advising process by incorporating some of the determinants we argue to influence investment behavior. † European Journal of Operational Research†: Xiang Li, Zhongfeng Qin, Samarjit Kar (April 1, 2010) published Numerous empirical studies show that portfolio returns are asymmetric, and investors would prefer a portfolio return with larger degree of asymmetry when the mean value and variance are same. In order to measure the asymmetry of fuzzy portfolio return, a concept of skewness is defined as the third central moment in this paper, and its mathematical properties are studied. As an extension of the fuzzy mean-variance model, a mean-variance-skewness model is presented and the corresponding variations are also considered. In order to solve the proposed models, a genetic algorithm integrating fuzzy simulation is designed. Finally, several numerical examples are given to illustrate the modeling idea and the effectiveness of the proposed algorithm. Banking and Finance†: Cheol S Eun, Jinso Lee (April 2010) published that the risk-return characteristics of our sample of 17 developed stock markets of the world have converged significantly toward each other during our study period 1974-2007, and (ii) that this international convergence in risk-return characteristics is driven mainly by the declining ‘country effect', rather than the rising ‘industry effect', suggesti ng that the convergence is associated with international market integration. Specifically, we first ompute the risk-return distance among international stock markets based on the Euclidean distance and find that the distance thus computed has been decreasing significantly over time, implying a mean-variance convergence. In particular, the average risk-return distance has decreased by about 50% over our sample period. We also document that the risk-return characteristics of our sample of 14 emerging markets have been converging rapidly toward those of developed markets in recent years. This development notwithstanding, emerging markets still remain as a distinct asset class. Lastly, we show that the convergence in risk-return characteristics has exerted a negative impact on the efficiency of international investment during our sample period. â€Å"Journal of investment management†, Lisa R Goldberg, Michael Y Hayes (first quarter 2010) published that a practical and effective extension of portfolio risk management and construction best practices to account for extreme events. The central element of the extension is (expected) shortfall, which is the expected loss given that a value-at-risk limit is breached. Shortfall is the most basic measure of extreme risk, and unlike volatility and value at risk, it probes the tails of portfolio return and profit/loss distributions. Consequently, shortfall is (in principle) a guide to allocating reserve capital. Since it is a convex measure, shortfall can (again, in principle) be used as an optimization constraint either alone or in combination with volatility. In principle becomes in practice only if shortfall can be forecast accurately. A recent body of research uses factor models to generate robust, empirically accurate shortfall forecasts that can be analyzed with standard risk management tools such as betas, risk budgets and factor correlations. An important insight is that a long history of returns to risk factors can inform short-horizon shortfall forecasts in a meaningful way. 17 ________________________________________ ________________________________________ RESEARCH METHODOLOGY Sources of data: We selected the companies based on the market capitalisation and for this we referred money control. om from where we sorted out the top ten automobile companies in India based on the market capitalisation value given as of March 1, 2010. Then the opening and closing stock price of the top ten automobile companies for the previous five financial years (2005-2006, 2006-2007, 2007-2008, 2008-2009, 2009-2010) was downloaded from NSE website(nseindia. com). The overall index return price was also downloaded from the same website for the same period. Top ten automobile industries selected based on market capitalisation are: Company nameMarket Capitalisation(Rs. Crore) Tata Motors43,388. 97 Maruti Suzuki 42,705. 24 Hero Honda38,218. 19 Tech Mahindra31,398. 74 Bajaj Auto 27,698. 93 Ashok Leyland 7,183. 83 HMT 6,307. 10 TVS Motor 1,800. 58 Eicher Motors 1,685. 52 Escorts 1,387. 46 Market capitalization (often market cap) is a measurement of the size of a business enterprise (corporation) equal to the share price times the number of shares outstanding of a public company. As owning stock represents ownership of the company, including all its equity, capitalization could represent the public opinion of a company's net worth and is a determining factor in stock valuation. Tools used: We used certain formulae to study on the risk and return of the companies and the portfolio management based on the Sharpe – Index model. The calculations were done in a spread sheet to make it easier. The formulae of the elements used in the spread sheet are as follows: Sum of Individual Stock returns – Ri and Market return – Rm. 18 Stock return – Y and Market return – X: = ((Today’s price – Yesterday’s price) / Yesterday’s price)*100. Mean of stock return – Y? , Mean of market return – X?. Y? = (sum of Y)/ total number of days X? = (sum of X)/ total number of days Standard deviation of Stock return – ? , Standard deviation of market return – ? x. Correlation = Covariance/(? y * ? x) Risk factor ? = Covariance *(? y / ? x) Return indicator ? = Y? – ? (X? ). Unsystematic risk – ? ei?. Cut off point Ci: n Ci = ? m? * ? ((Ri-Rf)? )/ ? ei? ) i =1 n 1 + ? m? * ? ( / ? ei? ) i=1 where , ? m = market variance. Z value = Zi/ ? _(i=1)^n-Zi where, Zi = ? /? ei? ( Ri-Rf)/? – Ci X value = Zi / Z. Tables and bar graphs are drawn for average values of important parameters like ? , ? x, ? y, X? , Y? , for each company for all five years. Outcomes are represented diagramaticaly) A table for all companies’ cut-off point, Z value, X value is also drawn. Population & Sample size: There was a total of about 16 automobile companies registered in NSE website out of which we selected top 10 companies based on the market capitalisation as mentioned before. Total population in NSE = 16. Sample size = 10. (Specific yrs. 2005-2010) 19 ________________________________________ ________________________________________ ANALYSIS AND INTERPRETATION Ashok Leyland Interpretation: Average Stock return Y? is largest during the year 2009(approximately 0. 6) and lowest during the year 2008 (approx. -0. 4). Risk factor ? is more during the year 2010 and low during the years 2006, â €™07, ’08. Highest deviation is seen in the year 2008 and least is seen in 2005. 20 Eicher Motors Interpretation: The company experiences the highest average stock return during the year 2009 (approx. 0. 5) and the lowest during the year 2010(approx. -0. 25). Risk factor ? is below 1 for all the years except 2010. But the average value for the five years stays below 1. Highest deviation is seen in the year 2008 and least deviation one is seen in 2005. 21 Escorts Interpretation: The company has a highest stock return in 2009 and less stock return in 2008. Average stock return is very low which is near to 0. 053. ?eta value is high in the year 2005 and low in the year 2009 and all the beta values are above 1. Deviation is seen high in 2008 and less in 2010. 22 Hero Honda Interpretation: Beta value is seen to be above 1 during the years 2007 & 2010. Average beta value of the company is seen to be below 1. Stock return is high during the year 2009 and negative during the years 2006 & 2007. Deviation is high in the year 2008. 23 HMT Interpretation: The company has a good stock return during the years 2005 and 2010 and negative during the year 2008. The deviation is very much high for the company here. Average deviation of 4. 5 is seen here. Average beta value is more than 1. 24 Maruti Suzuki Interpretation: Stock return is highest during the year 2009 and less during 2008. Beta value is less than 1 after 2007 and more than 1 before 2007. Deviation is large during 2008. 25 Tata motors Interpretation: Stock return is high in the year 2009 and has gone negative in the previous year. Beta value is less 1 from 2007 and >1 in 2005 & 2006. The deviation is more in 2009 and 2008. 26 TVS Motors Interpretation: Stock return high in 2009and very low in 2008. Beta value is less than 1 in all cases than in 2006. Deviation is supposed to be high in 2009. 27 Tech Mahindra Interpretation: The stock return is very high during the year 2006 and very less(negative) during the year 2008. Deviation is almost high for all the years. Average beta value is < 1. 28 Bajaj Auto Interpretation: The company has shown a good stock return of positive value during the years 2009 & 2010. Beta value is less than 1 for all the years. Deviation is high during the year 2008. 9 Table- Summary of Calculations Market return vs. Individual stock return Figure – 1 30 Comparison of Unsystematic risk and cut off points Figure – 2 Systematic Risk Figure – 3 31 Interpretation from Summary of Calculations: Table Figure – 1: HMT has the highest stock return and is greater the market return(about 170) Second comes the Maruti Suzuki followed by Hero honda. (about 150) TVS Motors has the lowest stock return of all the 10 companies and is less than the market return. (about 70) Figure – 2: Unsystematic risk is high for HMT (approx 19) and second Escorts. (approx 18) Hero Honda has the lowest unsystematic risk. (approx 5) Bajaj Auto has the highest cut off point whereas Ashok Leyland has the lowest cut off point. Figure – 3: Escorts has highest systematic risk (approx. 1. 36) HMT has the second higher risk value(approx. 1. 09) Bajaj Auto has the lowest risk value (approx. 0. 65) 32 ________________________________________ ________________________________________ FINDINGS Ashok Leyland: The ? value gives us a stock’s risk profile. Here we can take the average beta value and interpret and comment on the overall risk for the five years taken by the concern. Average beta value = 1 which means it is neither stable nor unstable. It is a neutral share and is expected to follow the market. From the table when we look at the ? value its average value is . 01233 which means that the minimum riskless return is 1. 23%. The company’s earnings from stock investment has reduced in the year 2010. We get a positive correlation value which implies that a 0. 5% in the market return will affect a company’s stock return by 0. 5% in the same direction. Eicher Motors: The company’s earnings from stock investment has reduced in the year 2010 from 2009. Here ? he company expects less volatility and less risk and therefore less returns. These are called defensive shares and will generally experience smaller than average gains in a rising market, will generally experience smaller than average falls in a declining market. From the table the average ? value 0. i6691. The minimum risk free return is 16. 69%. Mahindra is having high risk free rate so it is safe to hold this stock. Correlation value = 0. 44% 0. 44% of change in market return affects the stock return by 0. 44% in the same direction. Bajaj Auto: The return on stock investments is good during 2009 & 2010 when compared to the year 2008. Since beta value < 1. The company expects a stability, less risk and less returns. These are called defensive shares and will generally experience smaller than average gains in a rising market, will generally experience smaller than average falls in a declining market. Alpha From the table the average ? value 0. 24715. The minimum risk free return is 24. 715%. Bajaj is having the highest risk free retun in all the ten companies so it is very safe to invest. Correlation value = 0. 46% 0. 46% change in Rm = 0. 46% change in Ri in the same direction. 35 Summary of calculation: HMT is having high stock return because they are using stock investments efficiently in the business The low cut-off point is good which implies less payback. Ashok Leyland has minimum payback whereas Bajaj has maximum payback. Escorts involves in high risky projects expecting more returns rather Bajaj is not involving in risky projects. SUGGESTIONS Hero Honda is having low risk and high return. So it is good for the investors to invest in this company. (for investors) HMT is taking high risk and provides decent returns. So next to Herohonda, HMT is a good company to invest. (for investors) Bajaj is having a low return at a medium risk so the company have to indulge in risky projects to get good returns in the future. (for company) HMT and Escorts have high unsystematic risk, so they can go for product diversification to reduce the unsystematic risk. (for company) (Product diversification helps the companies to reduce the unsystematic risk because even if they lose in one of the products they can make up their revenues by some other product) Cut off point is the point at which the required rate of return is worth the expense. If it is high then that company is going to take a long time to repay its initial investment. In our case Ashok Leyland will be able to recover the money invested in the project as soon as possible than others. Ashok Leyland might serve as the best company to invest to get their investment back whatever the return may be. Based on the stock return, risk and the cut off point, Herohonda is a good company to invest because they have an optimum return at an optimum risk level. TVS motors has a high cut off point, less stock return at a high risk. They can reduce their risk level, because it might involve large sum of investment. 36 ________________________________________ ________________________________________ CONCLUSION According to our findings we suggest that Hero Honda is the best Automobile company in India to invest and the investment can range up to 42% as per our analysis. Although India has been much discussed in recent years, and has been the recipient of major foreign investment in its automotive industry, it has in many ways not received the attention of the world’s other major developing country, China – but this is about to change. With the world’s second largest and fastest-growing population, there is no denying India’s potential in both economic and population terms and the effect it will have on the auto industry in the years to come. The country is already off to a good start, with a well-developed components industry and a production level of one million four-wheeled vehicles a year, plus a further five million two- and three-wheelers. India also has substantial strength in mass production techniques and is particularly well served in the fields of research and development and software design. Therefore, as always, the question is when will expansion occur and to what level? The implications, market drivers and scope of a future massive Indian vehicle market are covered in the India Strategic Market Profile, a brand-new forecast of Indian automotive and related activity to 2020. 37 BIBLIOGRAPHY Robert A. Strong, year, Portfolio Management, 82-85,123-131. Jeff Madura, 2009, Finance Markets and Institutions, 243-283. Dr. G. Ramesh Babu, 2007, Portfolio Management Including Security Analysis, 577-647. www. nseindia. com www. moneycontrol. com www. springerlink. com www. proquest. com www. sciencedirect. com www. jstor. org www. informaworld. com 38

Socrates – Wisest Man

â€Å"Wisest is he who knows that he does not Know. † This was one of the statements attributed to Socrates who is regarded as one of mankind’s greatest teachers and the wisest man who ever lived. He was also considered as one of the most enigmatic figures in the history of philosophy. Socrates was a very ugly individual. He was potbellied, had a bulging eyes and a snub nose. He did not write anything down. Everything that we know about him was because of Plato and other philosophers like Xenophon who discussed Socrates in their dialogues. What is surprising is that he acquired the stature of being one of the most influential person in the history of philosophy without writing a single philosophical article. (The Bluffer’s Guide to Philosophy, p 10) This essay aims to prove that Socrates was indeed the wisest man who has ever lived in this world. In the third subsection, I aim to present my arguments and reasons why I think Socrates is the wisest man who has ever lived. In the fourth subsection, I aim to present the antithesis to my arguments. In the concluding part, I aim to synthesize all the arguments taking into consideration the antithesis. II. Sophists To understand Socrates however, it is important that a discussion be devoted to the so-called Philosophers during his time. They were known as the Sophists. The Sophists were famous during his time. They were not Athenian citizens but they wandered from city to city to deliver their lectures on philosophy for a fee. Philosophers like Socrates, Plato and Aristotle criticized the Sophists for professionalizing the commercializing education. Sophists: The Origin of Western Philosophical Ethics) Socrates was very critical against the Sophists. It is said that Socrates defended philosophy and the society against the Sophists. Michael Curtis, in the Great Political Thinkers: Volume 1, asserted that : â€Å"Socrates criticized the Sophists as a group for professing false knowledge, not in the sense of misleading or incorrect information, but in not penetrating sufficiently t he significance of the subject they were treating. †(Curtis 26) One of the leading Sophists was Protagoras. They theorized that universal principles do not exist and if ever they existed man is not capable of knowing them. The Sophists therefore advocated a philosophy of relativism. Jostein Gaarder in ‘Sophies World’ attributed the statement â€Å"Man is the Measure of all things† (Gaarder 49) to Protagoras. He meant that man has no capability of knowing what is good or bad which is universally valid for anyone regardless of place and time. To know whether an act is good or bad will entirely depend on that particular individual. If an act is good for him, then it is considered good. Thus whether an act is good or bad will have to be considered in relation to man’s needs. (Gaarder 50) III. Socrates as the Wisest Man Socrates should be considered the wisest man because he changed the method of education. Emphasizing the value of education he discussed with his students for free. He did not charge a large sum of money to his students unlike the Sophists who commercialized the education of the youth in Athens by exacting from them fees in exchange for conducting lectures. He should be regarded as the wisest man in the world because of his method of teaching which is called the Socratic Method. Socrates compared his method to a midwife. Midwifery is defined as the art & practice of attending upon women in childbirth (Midwifery). A midwife does not herself give birth to the child but she merely helps in the child’s delivery. Socrates used the same method. He did not teach students by giving lectures because for him knowledge must come from within. True knowledge according to Socrates is a two-way process. It cannot come from the teacher alone. Plato in his work Theaetetus discussed the similarity of Socratic method with the art of midwifery, to wit: â€Å"Well, my art of midwifery is in most respects like theirs; but differs in that I attend men and not women, and I look after their souls when they are in labor, and not after their bodies, and the triumph of my art is in thoroughly examining whether the thought which the mind of the young man brings forth is a false idol or a noble and true birth. † (Theaetetus) The Socratic Method consists of two processes. Socrates argued that the first step to acquiring knowledge is to clear the mind of all the biases and prejudices. There must be a humble acceptance and confession of ignorance. Socrates once said that there is only one thing that I know and that is that I know nothing’ (Gaarder 53). True knowledge will only be acquired after one has accepted his ignorance. The second step will be the maeiutic process. The term came from the Greek word â€Å"maieutikos’ wherein Socrates attempted to draw out of the students’ mind the knowledge. Socrates then engaged his students in a debate. Socrates questioned his students the purpose is to get the foundations of the views and opinions of his students until a contradiction in their views is discovered. Thus, in this process Socrates hoped to destroy the incorrect propositions and assumptions and develop and improve the correct propositions. Socrates should be considered the wisest man who ever lived because he stressed the dangers of ignorance. According to Socrates, ignorance consisted in not knowing that there exists universal principles and that man is capable of knowing them. True knowledge consisted in knowing that universal principles exist. Socrates thus sought to liberate the people from the relativist philosophy of the Sophists. For Socrates, to uphold the Sophists view society will be in chaos. For who will now determine which act is good or bad for the society. A person can therefore perform any act which he deems right for himself regardless of its effect on other people. In contrast, Socrates argued that there exist universal norms and principles which are valid regardless of place and time. Socrates argued that â€Å"Knowledge is Virtue†. He argued that man is inherently good. He will not purposely do evil. If one knows what is good then man will do good. If ever man does evil it is because he does not know any better or because his knowledge is imperfect or inadequate. Thus, Socrates explains the great problem of evil: evil which is mostly moral evil is due to ignorance or the limitation and imperfection of man’s perfect knowledge. This is affirmed by Garth Kemerling in his essay â€Å"Socrates† â€Å"Socrates argues here that knowledge and virtue are so closely related that no human agent ever knowingly does will : we all invariably do what we believe to be best. Improper conduct, then, can only be a product of our ignorance rather than a symptom of weakness of the will. (Kemerling) IV. Socrates is not the Wisest Man If there are people who believe that Socrates was the wisest man some people believe that he is not the wisest man because of his erroneous assumption that knowledge will rid the world of evil. Lack of knowledge is not the only propeller that drives man to do evil. I think Socrates may have failed to consider the power of instinct and passions that are capable of making man commit evil. It cannot be denied that against all wisdom and common sense man still is forced to commit evil. Some people have been gifted with the greatest minds in the world but they still commit crimes and lead immoral lives. Consider the terrorist attacks our countries have experienced. The attackers instead of using their intelligence to avoid violence are spearheading the attacks against our country. V. Conclusion The philosophy of Socrates was unique for his time. He went against the prevailing tide and told the Athenian people that if they continue to believe the Sophists, Athens was headed for destruction. The objection that man despite its knowledge continuously commits evil is precisely because of the limitation and imperfection of his knowledge. The terrorists thinking that they have noble cause commit these atrocious acts not knowing that they are committing a grave and serious evil. Socrates taught us all to reexamine ourselves and our deeply cherished belief. He invited us to question every belief, opinion and subject them to scrutiny. Most of the time we get too involved with what we thought we knew where in fact we know nothing about it. It is time for us to free ourselves from our biases and prejudices. Biases and prejudices if left unexamined could shape our lives without us knowing it. They affect how we see the world and how we respond to it. Liberating ourselves from our own biases and prejudices will help us better understand our lives and our place in this world. Socratic philosophy is in reality an invitation for us to â€Å"know ourselves†. It is because of this reason that I think Socrates is the wisest person Socrates inspires us to once more see the world from the eyes of the child. Most of the time we are so used to the world that we begin to accept things as they are. What could be worse than a man lives his life full of biases and prejudices. ‘An unexamined life is not worth living. ’

Sustainability Reporting Benefits

Sustainability Reporting Benefits Executive summary Desire by stakeholders to keep track of organizational performance has led to emergence of sustainability reporting. The report is prepared focusing on social, economic and environmental issues that affect organizations as well as their positive and negative impacts. Implementation of sustainability reporting follows a certain sequence which ensures that final report captures all the relevant information. Management team and stakeholders are involved in identifying issues affecting their organization.Advertising We will write a custom report sample on Sustainability Reporting Benefits specifically for you for only $16.05 $11/page Learn More These issues are then evaluated and report compiled before it is communicated. Some of the reasons why organizations report include enhancing financial value and encouraging innovation to improve competitiveness. The main features of the report include organization’s profile, strategies and analys is as well as parameters used in collecting data and compiling the report. Sustainability reporting helps organizations cut down on operations cost and improves on their profitability. Consequently, organizations ought to adopt it if they wish to continue improving their performance and profitability. Introduction Stakeholders want to keep track of organizational performance so as to tell when their organization is making progress or failing. Desire to understand organizational performance is triggered by need of the business community to respond to matters affecting sustainable development (KPMG International, 2008, p. 14). Currently, business strategies, public disclosure and operational strategies are developed in line with enhancement of sustainable performance. Overview of the task As organizations turn to sustainability reporting, there are numerous reasons that have made them take this direction. This paper aims at looking at reasons why organizations are adopting sustainabil ity reporting, some elements of the report and steps followed in implementing sustainability reporting process. Reporting purpose and structure This report aims at bringing out benefits associated with sustainability reporting thus explaining why organizations are adopting the practice. It will focus reasons for sustainability reporting, outline features of sustainability reporting and describe how it is implemented. Recommendation why organizations need to adopt sustainability reporting will also be given.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Sustainability reporting reasons Exhibit transparency Through sustainability reporting, organization is able to demonstrate its dedication to managing its environmental, economic and social impacts. This provides a platform for stakeholders to deliberate on what needs to be done to help the organization realize its goals (Commonw ealth of Australia, 2010, p. 1). Enhancing reputation Organizational reputation depends on how stakeholders view the organization with respect to social, environmental and economic dimensions. As sustainability reporting enlightens stakeholders on how an organization is performing in the market as well as strategies being used to achieve organizational goals, it facilitates in managing their perceptions (Commonwealth of Australia, 2010, p. 1). Consequently, sustainability reporting helps in maintaining and enhancing corporate reputation. Creating financial value At times, sustainability reporting process entails collecting and analyzing information regarding materials and resource usage as well as assessing organizational processes. Accordingly, organizations using this process are able to identify opportunities for cutting down on operations cost and at the same time boosting their revenues. Moreover, sustainability reporting helps in coming up with measures to ensure that organiza tional materials and resources are efficiently utilized. Encouraging innovation Sustainability reporting leads to stakeholders coming up with strategies to improve organizational performance (Commonwealth of Australia, 2010, p. 1). This helps in enhancing competitive advantage. For instance, understanding various stakeholder concerns leads to creation of ground-breaking products and services. Enhancing regulatory compliance Sustainability reporting helps management identify emerging areas of compliance such as global warming thus ensuring that they comply with established guidelines. Besides, it may help organizations influence prospect regulatory responses such as mitigating regulations in areas where deliberate disclosure frameworks are found to be effective. Sustainability reporting features Strategies and analysis One of the elements of sustainability reporting is strategies and analysis. This contains statement from managers that are given the mandate to make final decisions in an organization (White, 2009, p. 125). The statement outlines relevance of sustainability reporting to the organization and measures put in place to ensure sustainability. Moreover, key impacts are describes as well as potential risks facing the organization and possible opportunities. Organizational profile The second feature entails organizational profile. Name of the organization is given as well as brands offered by the specific organization. For a company offering services, the various services offered are described. In addition, operational structure of the organization is described paying attention to different divisions found within the organization if any (White, 2009, p. 125).Advertising We will write a custom report sample on Sustainability Reporting Benefits specifically for you for only $16.05 $11/page Learn More Organization is fully described leading to stakeholders and public understanding it better. Features such as market served by the or ganization and awards received are brought out. Report parameters These include parameters such as reporting period, course for determining report scope and boundaries and any restrictions on report coverage. Tables indicating standard disclosures contained in the report; with respect to global reporting initiative are also included. Insight into the organization’s policies and practices regarding assurance for the report is also included in the parameters (White, 2009, p. 125). Sustainability reporting implementation Preparation The first step in implementing sustainability reporting is preparation. Here, an internal dialogue has to be done at the management level to identify social, economic and environmental issues affecting the organization. Positive and negative impacts of these issues are also identified (Geraghty, 2010, p. 145). Connect This is a very important part of implementation process. It entails collecting views from stakeholders on what features to be included in the report. It helps in ensuring that all vital information is included in the final report thus ensuring that a comprehensive report is achieved (Geraghty, 2010, p. 145). Define Information gathered from stakeholders (in connect section) confirms if positive and negative features highlighted by management team (in preparation section) are the most vital (Geraghty, 2010, p. 145). This helps in defining the report’s focus. In addition, the reasons why various choices were made are made clear. Monitor This involves collecting data that will be included in the final report. Global reporting initiative indicators help organizations in identifying what to monitor or what to look for during data collection (Geraghty, 2010, p. 145). Communicate Information collected in the monitor section is included in the final report. Implementation process does not end here. Final report is prepared and compiled. Besides, decisions about how to communicate the report’s findings are ma de (Geraghty, 2010, p. 145).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Recommendation Enhancing financial value Organizations are continuously looking for ways to improve their profitability by cutting down on operations cost. The fact that sustainability reporting facilitates in enhancing financial value of an organization underlines the reason why organizations need to adopt it. Through this, organizations will be able to assess how resources and materials are utilized. Apart from monitoring material and resource usage, organizations will effectively manage their operational processes thus improving overall efficiency. Sustainability reporting looks into both internal and external factors affecting an organization. Accordingly, the practice will help organizations identify novel opportunities for increasing their revenues. Reference List Commonwealth of Australia, 2010. Sustainability reporting. Web. Geraghty, L., 2010. Sustainability reporting – measure to manage, manage to change. Keeping Good Companies, 3, pp. 141-145. KPMG International, 2 008. KPMG International Survey of Corporate Responsibility Reporting 2008. Web. White, G. B., 2009. Sustainability reporting: Managing for wealth and corporate health. New York: Business Expert Press.

Mtv

Mtv MTV I think first off that MTV has given teens a television show that is much better than some of the other shows out there. Instead of watching violence on television they can watch music videos on it and see competitions on it. MTV, I think shows a positive attitude on it. You never hear anyone on MTV saying to cut school or do violent acts instead they say do this and that to win prizes and it's good prizes which would keep them off the streets and out of danger. Some may say that it has sexually gotten worse but in fact that's what it is out there. Wherever you go that is what you see, so if parents have problems with that then they shouldn't be sending them to party's, beaches, or even the movies because you will see something wherever you go. I really think it's unfair how parents put down MTV.Logotipo do canal MTV Shows

Speak by Laurie Hale Anderson - Book Review

Speak by Laurie Hale Anderson - Book Review Speak by Laurie Halse Anderson is a multiple award winning book, but it is also listed by the American Library Association as one of the top 100 books challenged between 2000-2009. Every year several books are challenged and banned across the nation by individuals and organizations who believe the content of the books are inappropriate. In this review you will learn more about the book Speak, the challenges it has received, and what Laurie Halse Anderson  and others have to say about the issue of censorship.    Speak: The Story    Melinda Sardino is a fifteen year old sophomore whose life is dramatically and permanently changed the night she attends an end of summer party.   At the party Melinda is raped and calls the police, but doesn’t get the opportunity to report the crime. Her friends, thinking she called to bust the party, shun her and she becomes an outcast. Once vibrant, popular, and a good student, Melinda has become withdrawn and depressed. She avoids having to talk and doesn’t take care of her physical or mental health. All her grades start to slide, except her Art grade, and she begins to define herself by small acts of rebellion such as refusing to give an oral report and skipping school. Meanwhile, Melinda’s rapist, an older student, subtly taunts her at every opportunity. Melinda doesn’t reveal  the details of her experience  until one of her former friends begins to date the same boy who raped Melinda. In an attempt to warn her friend, Melinda writes an anonymous letter and then confronts the girl and explains what really happened at the party. Initially, the former friend refuses to believe Melinda and accuses her of jealousy, but later breaks up with the boy. Melinda is confronted by her rapist  who accuses her of destroying his reputation. He attempts to assault Melinda again, but this time she finds the power to speak and screams loudly enough to be heard by other students who are nearby.       Speak: The Controversy and the Censorship    Since its publication release in 1999 Speak has been challenged on its content about rape, sexual assault and suicidal thoughts. In September of 2010 one Missouri professor wanted the book banned from the Republic School District because he considered the two rape scenes â€Å"soft pornography.† His attack on the book elicited a media storm of responses including a statement from the author herself in which she defended her book. (Source: Laurie Halse Anderson’s Web site) The American Library Association listed Speak as number 60 in the top one hundred books to be banned or challenged between 2000 and 2009. Anderson knew when she wrote this story that it would be a controversial topic, but she is shocked whenever she reads about a challenge to  her book. She writes that Speak is about the emotional trauma suffered by a teen after a sexual assault and is not soft pornography. (Source: Laurie Halse Andersons Web site) In addition to Andersons defense of her book, her publishing company, Penguin Young Readers Group, placed a full page ad in the New York Times to support the author and her book. Penguin spokeswoman  Shanta Newlin stated, That such a decorated book could be challenged is disturbing.  (Source: Publishers Weekly Web site)    Speak: Laurie Halse Anderson and Censorship    Anderson reveals in many interviews that the idea for Speak came to her in a nightmare. In her nightmare a girl is sobbing, but Anderson did not know the reason until she started to write. As she wrote the voice of Melinda took shape and  began to speak.  Anderson felt compelled to tell Melindas story. With the success of her book (a National Award finalist and a Printz Honor Award) came the backlash of controversy and censorship. Anderson was stunned, but found herself in a new position to speak out against censorship. States Anderson, â€Å"Censoring books that deal with difficult, adolescent issues does not protect anybody. It leaves kids in the darkness and makes them vulnerable. Censorship is the child of fear and the father of ignorance. Our children cannot afford to have the truth of the world withheld from them.† (Source:  Banned Books Blog) Anderson devotes a portion of her website to censorship issues and specifically addresses the challenges to her book Speak. She argues in defense of educating others about sexual assault and lists frightening statistics about young women who have been raped. (Source: Laurie Halse Andersons Web Site) Anderson is actively involved in national groups that battle censorship and book banning such as the ABFFE (American Booksellers for Free Expression), the National Coalition Against Censorship, and the Freedom to Read Foundation.    Speak: My Recommendation    Speak is a novel about empowerment and it is a book that every teen, especially teen girls, should read. There is a time to be quiet and a time to speak out, and on the issue of sexual assault, a young woman needs to find the courage to raise her voice and ask for help. This is the underlying message of Speak and the message Laurie Halse Anderson is trying to convey to her readers. It must be made clear that Melindas rape scene is a flashback and there are no graphic details, but implications. The novel is focused on the emotional impact of the act, and not the act itself. By writing Speak and defending its right to voice an issue, Anderson has opened the door for other authors  to write about real teen issues. Not only does this book deal with a contemporary teen issue, but its an authentic reproduction of the teen voice. Anderson deftly captures the high school experience and understands the teen view of cliques and what it feels like to be an outcast. I grappled with the age recommendations for some time because this is such an important book that needs to be read.  Its a powerful book for discussion and 12 is an age when girls are changing physically and socially. However, I realize that because of the mature content, every 12 year old may not be ready for the book. Consequently, I recommend it for ages 14-18 and, in addition, for those 12 and 13 year olds with the maturity to handle the topic. The publishers recommended ages for this book is 12 and up. (Speak, 2006.  ISBN: 9780142407325)

Stakeholders within Health Care Essay Example | Topics and Well Written Essays - 250 words

Stakeholders within Health Care - Essay Example Those considering career in the healthcare sector should consider impacting the world and not just America. Â   Medical education and schools have changed over time as is evidenced by a greater preference for careers in radiology, surgical subspecialties and dermatology to family medicine, pediatrics and internal medicine. The predominant ethnic (racial) group is the white American. This is because, the data produced by the Association of American Medical Colleges showed that there were more white medical colleges in the US than medical colleges belonging to people of color. Even if the number of African Americans graduating with a medical degree is high in historically black medical colleges, they are significantly outnumbered in traditionally white medical colleges. Presently, women are dominating medical schools by 52% (Turner and Avison, 2011). Turner, R. J. and Avison, W. R. (2012). Status Variations in Stress Exposure: Implications for the Interpretation of Research on Race, Socioeconomic Status, and Gender. Journal of Health and Social Behavior, 44 (4), 488 – 505 It is important to understand the impact of a diagnosis on a consumer because it helps in the administration of accurate treatment or medical intervention, and thereby helping in the actualization of the principle of beneficence (Churgay and Aftab (2012). Proper diagnosis helps the health care provider: know the magnitude and nature of the healthcare complication he is dealing with; administer accurate treatment; discharge his role confidently; and to observe the principles of medical ethics such as beneficence and non-maleficence. Results from the diagnosis will also become an important part of the patient’s health records. As a healthcare professional understanding the impact of a diagnosis on the various stakeholders is important because it enhances

Fundamentals of Insurance Planning and Risk Management Assignment

Fundamentals of Insurance Planning and Risk Management - Assignment Example Life insurance needs to be purchased for an amount that takes all expenses into consideration. It is estimated that life insurance will be required for an amount of $1,025,000. Following calculation sheds light on this figure: 75% of consolidated income is required for 14 years for a reason as noted above. University expenses are calculated for 4 years for both Mike and Karen. It is assumed that before the university, expenses will be managed from the family maintenance fund. According to the needs approach, when calculating expenses, it is best to overestimate needs a little. The idea is to buy and pay for a little more insurance than to underestimate and realize mistake when it is too late. The particular product that may meet the requirement to close the gap should be bought. Insurance consultants can be contacted for assistance in this matter to learn which product will be the most appropriate from a cost-benefit perspective. Long-term care insurance: Long-term care is typically needed by the elderly, but it is also required by anyone with a debilitating illness or injury who needs assistance to perform activities of daily living (ADLs) like bathing, feeding, and getting dressed (Beam, Wiening, Bickelhaupt 2005). Long-term care insurance ensures that any costs associated with care are covered, thereby lessening the financial burden on oneself and family.

Between Cinders and Thistles Essay Example | Topics and Well Written Essays - 1000 words

Between Cinders and Thistles - Essay Example y. Exactly how similar they are brings me back to their structural simplicity. Western versions of Cinderella has been structured simply however complexity in the tales would prove more effective in relating to the reader the morals being implied in the stories. In Campbell Grant's Cinderella, the protagonist is being identified as an underdog who never questioned the injustices done to her. In this question on her innocence or guilt concerning the treatment she receives as the hand of her stepmother, Cinderella poses a pathetic figure, especially when all she could do is sit "weeping in the garden" (Grant) after all her sacrifices. She appears to accept cruelty as if she were born to suffer. And the sad thing about it she never seems to question or discover if there can be some way she could transcend her situation. In contrast, John Gardner immortalizes a stronger heroine in Gudgekin who, given the opportunity by the fairy queen, took her shot as this transcendence, motivated by her pity for others. Meanwhile it appears that Grant's Cinderella felt her persecution more intensely because of her apparent self-pity. Self-pity established this early appears to not have the same effect at wisdom compared to its later attainment in Gardner's ve rsion. Though Gudgekin concedes to her persecution, Gardner narrates the thread of her emotions and reasons for accepting her fate. As he writes, It was a bitter life, but she always made the best of it and never felt the least bit sorry for herself, only for the miseries of others. Cinders 3 the reader reflects on the particular complexity of Gudgekin. "At the stroke of midnight, the spell will be broken. And everything will be as it was before" (Grant), the rule that Cinderella must return from the ball by midnight implies that the fairy godmother has given the protagonist only a one-time magic offer with conditions and no promises. Moreover, it was not explained to the reader what exactly provoked the fairy godmother to help Cinderella other than her tears. The fairy never questioned why Cinderella wanted to go to the social event. It was only by the assumption perhaps that a girl is likely to want to go because all the others were also going or have already gone. With Gudgekin, it was clearly defined why they went to the royal ball, for the reason the fairy queen wanted to change Gudgekin's naive perspective as a means of self-awareness, "it's time you saw the world." (Gardner) And compared to Grant's Cinderella, the fairy queen worked her magic about three times without conditions, except to bring her home to her stepmother in time for her curfew. In Cinderella, the violence is being established collectively while in Gudgekin, the violence escalates gradually, with the stepmother increasing her demands of thistles so as never to be outdone at the market and figuring a way of ridding herself of her Cinders 4 ward. In the first version, the

Practice Intercultural Speaker Summary Essay Example | Topics and Well Written Essays - 750 words

Practice Intercultural Speaker Summary - Essay Example This acted as his core source of motivation that sought to unravel the finer details of what entailed the suffering of Indian minority in American land. At some point, he would even pose to question if the expensive infrastructural facilities across the American land would be in place if the American natives had not come there. Through his works, he explores consequences minorities face because of cultural differences. The majority forcefully try to assimilate the minority by making them believe that their culture is superior and superb. Sherman tries to bring out the raw picture of the plight of minorities in societies that are dominated by a majority. He goes ahead to state that the majority can do anything just to get away with their culture. In this pretext, he asserts that the Native Americans are the ones who suffered all kinds of humiliation ranging from ethnic cleansing to genocide not because they choose that was, but just because they fall victims of circumstances (Billmoyers.Com, 2013). That notwithstanding with the cultural gap that was evident between the minorities and the majorities it was for a minority to make up to understand the culture of the majority and not the other way round. That is why he says he knows the American culture more than anyone would think he knows the Indian culture. The majority will use all means possible including force to make the minority feel like they are in the wrong culture and thus the need to assimilate to the dominant culture. Throughout his literal works, Sherman Alexie was always trying to bring out the cultural indifference that existed between the Native Americans and Whites. He vividly narrates first-hand accounts of the suffering and indiscrimination that befall the Indians in American land because of being a minority in a white dominated land. The targeted audience may be the public but most specifically the audience will be divided into two; the majority who represent the whites for this

Sexual orientation discrimination Research Paper

Sexual orientation discrimination - Research Paper Example A lot has been done to curb this. Since the employers are the primary stakeholder, they have been encouraged to consider policies and procedures that respect the sensitivity and respect of every individual sexual orientation. Besides, the government has enacted laws to protect the workers in this context. It is paramount to understand that people of all sexual orientations should experience a welcome and be safe in the places where they work and enjoy a dignity treatment. Sexual orientation discrimination refers to, how employers treat employees unfavorably or harass them on the basis whether they are gay, lesbian bisexual or heterosexual (Joslin, 2004). Since any discrimination is discouraged at the workplace, this is not an exception. It is undesirable. Therefore, the government has tried to pass laws to discourage this type of discrimination. Unfortunately, the attempts to come up with straight laws to protect these individuals have been unsuccessful in the federal government although there are more bills being prepared (Badgett, Lau, Sears, & Ho, 2007). Despite this, the law does not encourage discrimination based. There is an Act that protects individuals from this type of discrimination. It is enshrined in the title VII of the civil rights act of 1963. This law prohibits workplace discrimination that is based on among other factors, sex of the individual. This includes the sex orientation of an individual. These laws aim to bring relief against discrimination in accommodation to public and private institutions (Malos, 2007). They persuade the employers to employ to promote equal employment opportunities in the workplace. On company practices, this law restricts the employers from, first failing or refusing to engage any individual on the basis of the sexual orientation (Badgett et al., 2007). This means that any qualified person whether male or female has equal chances to enter into

Practice Intercultural Speaker Summary Essay Example | Topics and Well Written Essays - 750 words

Practice Intercultural Speaker Summary - Essay Example This acted as his core source of motivation that sought to unravel the finer details of what entailed the suffering of Indian minority in American land. At some point, he would even pose to question if the expensive infrastructural facilities across the American land would be in place if the American natives had not come there. Through his works, he explores consequences minorities face because of cultural differences. The majority forcefully try to assimilate the minority by making them believe that their culture is superior and superb. Sherman tries to bring out the raw picture of the plight of minorities in societies that are dominated by a majority. He goes ahead to state that the majority can do anything just to get away with their culture. In this pretext, he asserts that the Native Americans are the ones who suffered all kinds of humiliation ranging from ethnic cleansing to genocide not because they choose that was, but just because they fall victims of circumstances (Billmoyers.Com, 2013). That notwithstanding with the cultural gap that was evident between the minorities and the majorities it was for a minority to make up to understand the culture of the majority and not the other way round. That is why he says he knows the American culture more than anyone would think he knows the Indian culture. The majority will use all means possible including force to make the minority feel like they are in the wrong culture and thus the need to assimilate to the dominant culture. Throughout his literal works, Sherman Alexie was always trying to bring out the cultural indifference that existed between the Native Americans and Whites. He vividly narrates first-hand accounts of the suffering and indiscrimination that befall the Indians in American land because of being a minority in a white dominated land. The targeted audience may be the public but most specifically the audience will be divided into two; the majority who represent the whites for this

Managerial Economics - Traded Firm and the Global Competition Research Paper

Managerial Economics - Traded Firm and the Global Competition - Research Paper Example In the leisure market due to the availability of large aircraft like Boeing 747 has made it very convenient and affordable for the common people for travelling and exploring new destinations for luxury purposes as well as business needs (The Airline Industry, 2012). With enormous growth in the airline industry the governments of many developing countries are reaping mammoth benefits and utilizing those benefits in spurring massive development in different sectors of the economy (The Airline Industry, 2012). But with this extensive growth many new potential competitors (airlines companies) are infiltrating the industry and there exists cut throat competition. The companies who are thriving in the industry are developing and implementing strategies on a daily basis for gaining competitive edge over one another. The company who loses its edge comes out of the market and has to shut down its business operations. The airlines industry is almost a perfectly competitive market where each pl ayers influence is minimal. The paper will discuss the market dynamics of Etihad airlines which is an Asian airline with the price elasticity of its products, cost structure, strategic decisions and recommendations which will allow the company to strive in this highly competitive airlines market. Propulsive expansion in the Asian airline industry As Etihad airline is an Asian airline and so highlight will be entailed on the current Asian airline industry. The Asian airlines industry despite of some exceptions have encountered tremendous recovery from the year 2008/2009 which was predominated by deep recession which adversely affected the global demand for air travel and air freight. There has been an escalated expansion in the numbers of passengers, premium travels and so on. The load factors of Asia Pacific airlines have recovered and have surpassed the peak levels of 2007. A large part of this can be attributed to the cautious move made by these airline companies in reinstating th e capacities cut during the economic downturn. This has led the industry to either raise ticket or the cargo charges or that of reducing the discounts previously offered. The rise in the number of passengers and higher traffic has yielded positive results reflecting in the operating profits for most of the airlines. Although the hike in the jet fuel prices have been a symptom of worry for the airlines. Since the year 2009, the price of the jet fuel has multiplied around two times keeping in line with the rise in the price of the crude oil. Higher fuel prices are indeed an important constraint which hampers the present profitability as well as the future growth trajectory of the companies (Seah & Yusof, 2010, p.1). Etihad airways -Legacy Etihad Airways is a national airline of United Arab Emirates. In eight years the airline company has been able to establish itself as one of the world’s leading airlines company. The airlines company was established by Royal (Amiri) Decree in July 2003 and has been able to establish itself as fastest growing in the commercial aviation history. The airline’s fleet of around 66 aircrafts has the operation capacity of 1000 flights per week. The airline provides serves unparalleled network of around 84 passengers and cargo destinations in areas like Middle East, Africa, Asia, Australia and North America. The company also owns around 30 percent of airberlin which is the sixth largest carrier and 40 percent of Air Seychelles. The

The Lottery Essay Example for Free

The Lottery Essay The Lottery by Shirley Jackson is a short story about a small town and their unique summer tradition. This stories thematic element is conformity and rebellion, showing a clash between two well-articulated positions in which a rebel, on principle, confronts and struggles with established authority (Abacarian and Klotz, 289). Jacksons short story caught my attention through her suspenseful structural technique, and incorporation of a serious, seemingly absurd, event in a nonchalant manner. Mr. Summers, who devotes his time to running civic activities, runs this event very year on June 27th. The children are always the first to assemble, innocent to the severity of the event that is about to occur. The head of the household each picks a piece of paper out of a black box, and keeps it sealed until everyone has picked. At the same time all of the men open their papers, and whoevers family has the paper with the black dot has been selected. This year, it was the Hutchinson family. Now, the paper with the dot is placed back in the box along with more blank slips to equal the amount of people in the family. They each pick, and the person who picks the lack dot is the winner, who then gets stoned by the town. Until the very end of the short story the reader is very much unaware of the situation and why this lottery is taking place, which is one reason I picked this story. Suspense in a story is one of my favorite elements and always keeps me wanting to read in order to find out what happens. Through most of the story Jackson shows the town quite cheerful and happy, but she begins to hint towards a dramatic event with statements such as a sudden hush fell on the crowd Oackson,342), l wish theyd hurry. I wish theyd hurry Oackson, 343), and a long pause, a breathless pause Oackson, 343). Once I realized what the point of the lottery is, I quickly thought back through the story and realized how apathetic she was towards this event. Throughout the course of the story, Jackson showed many of the characters acting very casual and carefree, even though one of their towns members was about to be stoned. I liked the way Jackson incorporated the idea of stones with the children in the beginning of the story. This makes the reader originally question its relevance and shows the innocence of youth. She then follows later with the elderly man stating that he had been at these lotteries for seventy-seven years, which showed the town being used to the tradition and show normal it was to the society, and how it only negatively affects the person who won and their family. The characters discuss how many towns have gotten rid of this tradition, and Old Man Warner states Nothing but trouble in that,, Old Man Warner said stoutly. Pack of young fools0ackson, 342). This displays the theme of conformity and rebellion, since the younger generations want to get rid of the tradition, and the older enerations with more power over the society believe it is for the best. Even the death of an individual in their town they say is necessary and tradition, which I found astonishing. oliday atmosphere, which concludes with a horrific event. The holiday atmosphere is used to diminish the immortality of the event, but the author successfully uses the happiness to add suspense to the tradition and add a dark twist to the severity of it all. Overall, the suspense positively adds to the structure of the story and the casual aspect of the stoning and death of a citizen follows the theme of conformity and rebellion.

Pros And Cons Of The Internet For Research Purposes English Language Essay

Pros And Cons Of The Internet For Research Purposes English Language Essay The Internet according to Oxford English Mini Dictionary defined Is a huge global computer network. In my own opinion, the internet can be defined as a place where you go to search for information of any type depending on what you are looking for. Furthermore the internet has great potentials and much information to offer; however, the internet like every other living, or nonliving thing, has its own advantages and disadvantages. Research in the point of view of the Oxford English Mini Dictionary is the study of materials and sources to discover facts  [2]  . I will say that research can be defined as a comprehensive source. So in this essay we will discuss about available information on the internet, convenient, it saves time, virus threat, what to look for why we are researching, and conclusion. ADVANTAGE FOR RESEACH PURPOSE A LOT OF INFORMATION AVAILABLE Looking at the internet for research, we will discover that it has done more than enough for the human race; it has made life easier for a lot of students and many others who have one thing or the other to do with the internet. Also on it you will find some of, if not all the information you need on a particular subject or on anything that you are looking for. When you go to the internet you will find all kinds of information on it, internet is a treasure on its own. IT IS CONVENIENT Talking about it being convenient, we say that the internet has made life easier, even more than what humanity can imagine, you can work at anywhere, at any time, whenever you fill like it, and everything you need is at your finger tip. Even some time, your mind will be at rest because you know that you have all it take to do what you want with you, and when you start you know that you will do your work in a appropriate way. IT SAVES TIME With the internet in front of you, you will do all what you have to do within a short period, if you have so many assignments to do; you can do them because you have what you need in your front. When you have the website with you it makes your work be easier. You can get whatever you need in a short period; you dont have to go to the library looking for books. You can get those books and read them to get your information on the internet. You will just type in the website and it will bring out what you want and you will get your information quickly. DISADVANTAGE FOR RESEACH PURPOSE Looking for resources from the internet sometimes, is not encouraging because if you are not clever enough, you may get lost without you knowing it. Your work will be full of unmeaning things that have nothing to do with what you are writing about. There are so many materials from the internet that look alright but when reading it, you find out that they are not from a reliable sources, sometimes they are just one man or someones idea and that is not okay for research purpose. We have so many people that fill the internet with their own opinions; anybody can write anything as long as it makes sense to them, no one can challenge them, so they just write what they think is okay in their own eyes. Without you knowing it, you will get lost trying to reframe the whole idea to fit in into you own work. Secondly, we have some authors from the internet that are unknown and their works are not that okay for research. Some are scholarly but their work authority cannot be verified  [3]   Sometime on the internet we have references that are not correct, on it we have ideas they are not okay for research or that the author did not do their own home work very well, so if as a student if you get caught up with this your work will not be accepted. Some of the things that are on the website are not academically good for students because some of it is not from the original writers. Some reproduced their source from printed material, and they will not have it put in correctly and this always cause a lot of problem for student. Thirdly on the internet if you are not careful you will spend all your time there, because you have to search for some Universities, scholarly and authoritative sources that support the work of the author you want to work with. Also you have to look for websites to know when last they have been updated last and all these will take your time if you are not careful. The problem with it sometimes is that you have to read properly if not, you will copy wrong information for your work. Check the background of the authors to know if they are reputable scholars. You have to know if what you are using is a book, magazine or a journal  [4]  and also check for footnotes and the bibliography to know if they have researched properly. WHAT WE SHOULD LOOK FOR The author should have a source, where they come from, something about the title of the page, if the writer is the main author or they have a place where they get their idea from or if they get it from a book. You have to find out the date of which you copy your work, get the original book if you can, find out about the web address and let it be in the correct form. Sometimes when writing an essay or you are doing research you may come across other author in the book you are using, you have to find the other book that the author you are using is quoting from because the author of the book is saying something about it, find that book so that you can quote directly from it. If you are using resources on line make sure that you have the correct first footnote, which is your main sources, second footnote if you have any which is the other author that writes something in the book you are using and bibliography. We need to check the sources of the site, if they are academically good for a student, maybe they have any university supports and if they have any scholars that are using their web site. Usage of web site for research, as a well organised student you have to look for permission or ask your teacher to check with you if you a using it for your assignment. VIRUS THREAT The problem that a lot of people are facing is the viruses, for it has destroyed lots of systems and caused a lot headaches for so many people, for a virus is a programme which is destroying the normal functions of the computer system. Also if the computer system is attached to the internet it is likely for that system to get a virus. So all this can destroy your whole hard disk and leave you with problems. CONCLUSION So I will say using the internet for research is okay, it has lots of information, depending what you are looking for. However, it is you who will decide if what you have is for your advantage or disadvantage. So read and read so that you can be on safer side when writing because if you are not it may cost you your hard labour and your mark.