Alexander the Great Arriving in Persepolis Essay Example For Students

Alexander the Great Arriving in Persepolis Essay I am Alexander the Great, King of Macedonia leader of Greece. I have been ruler of Macedonia since my dads death five years prior. Since his demise I have vanquished a great part of the world. I am merciless, and should anybody endeavor to vanquish me in fight, they make certain to bite the dust. The year I became leader of Macedonia I set out to the city of Thessaly to reestablish Macedonia rule. After Thessaly submitted to me I vanquished numerous states, and numerous different states unreservedly submitted without fights. Two years after my dads demise, my war with the Persians started. Close to the city of Troy, I vanquished the Persian armed force. In doing as such, all the conditions of Asia at that point presented their arms to me. After a year I would experience the Persians once more; this time the fundamental Persian armed force would be my adversary. I crushed the Persian armed force drove by King Darious III at the city of Issus, and after a year took the city of Tire. Moreover, Egypt gave up to me. Maybe they realized they couldn't overcome me in fight and thought it better not to attempt. I had now made sure about control of the whole eastern Mediterranean coastline. I currently acquire you to my current time history. It has been a long time since I became ruler of Macedonia, and I have indeed crushed my foe, King Darious III at Babylon. I am presently focusing on infiltrating into the dividers of Persepolis. I am amped up for this, as I am intending to recovering numerous fortunes which lie behind the dividers. This will be a very satisfying annihilation in light of the fact that the Persian Empire pillaged Athens just about 15 decades back. I can't release this and on account of it I will infiltrate Persepolis and thrashing the Persians and consummate retribution upon them. With my exceptionally gifted armed force of around sixty-thousand men, I entered Persepolis and accepted control of its castle. I end up in the core of Persia. From the Persian treasury at Persepolis I held onto a wondrous measure of cash. It is a merited restitution, and I should fall back on the custom of retribution for what the Persians did when Xerxes attacked Greece somewhere in the range of hundred and fifty years prior. Alexander surrendered the city to his soldiers, who raged through its roads, butchered men, looted their property and stripped ladies of their gems. My military and I will remain in Persepolis for the rest of the winter and rest. There are numerous fights ahead for which we will require quality. It was with this that I began to believe that I was unable to be both the vindicator for what the Persians had done in Greece and simultaneously be their new ruler. In any case, in late-winter I additionally realized that I owed it to the Athenians to permit retaliation one final time. Xerxes consumed the Athenian Acropolis and the towns and sanctuaries of Attica those 15 decades prior, and I realize that I should accomplish something similarly damaging. Following a multi month remain in Persepolis, it is currently an ideal opportunity to proceed onward to vanquish more states and power them to be governed by Greeks. The prior night we were to leave Persepolis, my men and I occupied with drinking and devouring. As the night went on, and my outrage inside me developed, I started thinking about an approach to accomplish retaliation against the Persians. I calculated the best way to genuinely accomplish this was to do to them what they had done to the Athenians. It was with this that my military and I consumed Persepolis royal residence of Xerxes. I have now gotten my retribution on the Persians and I would now be able to turn into their ruler and put the retaliation behind me. .

Internet and relationship

The word â€Å"dating† and â€Å"relationship† varies a great deal from bygone eras and now. Innovation had an immense effect of the understanding of â€Å"hookups†, â€Å"friends†, and â€Å"friends with benefits†. Web, PDAs, masses, and numerous different assets changed the manner in which young people consider the other gender or a similar sex also. Connections ended up being â€Å"the old fashion† and hookups are the best. To start with, connections aren't that genuine any longer. Adolescents are searching for something new, meeting sexual, something to turn them on.Backbone is one of the most utilized destinations in nowadays; it associates you to the world and let you meet another distinctive kind of individuals around the world. â€Å"Backbone is the most valuable device for dating since the innovation of the crate of chocolates. It might likewise be the most perilous danger to dating since terrible breath† (Fox, Stuart). This a ge for the most part ponders connecting with hot folks, pretty young ladies, kissing, having intercourse, embracing, and being a tease. Through web, two individuals can do a ton, they can visit, video cam, talk secretly; meet new individuals and a ton more.Internet isn't appropriate in some cases. A great deal of sites and masses are affecting young people to do awful stuff or to race into things before now is the right time. Spine, Namespace, twitter, and numerous other informal community sites aren't private any longer. Anybody thinks about you, what you like and don't, your relationship status, and what you are searching for. â€Å"With person to person communication destinations, with Backbone, in the event that you click that you're seeing someone, [notifies] everybody that you're seeing someone. Its open telecom, this isn't a piece of a decent relationship† (Fox, Stuart).Dating isn't about affection from the start site, or holding up by her home. It isn't about feelings any longer, it's just about what a young lady or a person needs. They need something new, something to discuss or feel pleased. â€Å"Social organizing has made a variety of new dating rules, making the old style â€Å"wait three days before calling† appear to be interesting by comparison† (Fox, Stuart). Concerning me, I see that this sort of connections and the friendship of the web use is a tricky circumstance. Young people Just need to do what others are doing whether it is correct or wrong.They Just would prefer not to be failures, so they adjust and do what their friends do. They hookup, do irregular sex, be a tease, and that is it. No one thinks about one another inclination as long as you are getting what you need, everybody profits by everybody. At last, web has assumed a major job in the youngster's reality as well as in everybody's reality. Time has changed; innovation is showing signs of improvement quite a long time after year. â€Å"Relationships† are presently an old design approach to go out with a person/young lady and at long last somebody's heart will be broken.Hooking up won't get anybody's heart destroy, it is Just you would what you like to without any cutoff points or rules as long as at long last they are Just called â€Å"friends†. Work refered to Fox, Stuart. â€Å"Backbone adds new dangers to custom of dating†. Hyper Cot 2. Web Cot 4. Definitions: Most of young people who participate in hookups despite everything stress over being watchful. Watchful: having or indicating wisdom or decision making ability in direct and particularly in discourse: reasonable; particularly: fit for saving judicious quietness. Tall and thin Lanky: tall and lean, or long and slim: regularly used to recommend clumsiness in appearance or step.

The Computer Underground. Essays - Hacker, Electron, Underground

The Computer Underground. The start of the electronic correspondence unrest that began with the open utilization of phones to the rise of home PCs has been joined by comparing social issues including the exercises of supposed PC programmers, or better alluded to as the PC underground (CU). The CU is made out of PC enthusiasts who remain on the edges of lawfulness. The CU is made out of generally canny individuals, as opposed to the media's portrayal of the ultra astute and complex high school programmer. The larger part have in like manner the conviction that data ought to be free and that they reserve an option to know. They frequently have some measure of hate for the administration and the businesses who attempt to control and popularize data of any kind. This paper endeavors to uncover what the CU really is and dissipate a portion of the legends proliferated by the media and different associations. This paper likewise attempts to show the procedures and purposes for the criminalization of the CU and how the CU is seen by various associations, just as a portion of the procedures by which it came into being. What the CU is has been tended to by the media, criminologists, secuity firms, and the CU themselves, they all have an alternate comprehension or levels of comprehention, this paper endeavors to show the contrasts between the perspectives also as endeavor to address false impressions that may have been spread by misguided sources. The contrasts between the gatherings of the CU, for example, programmers, wafers, phreaks, privateers, and infection authors have seldom been perceived and a few deny that there are contrasts accordingly this paper endeavors to give a to some degree more clear view and characterize precisely what each gathering is what's more, does just as how they identify with each other. Each person in the CU has an alternate degree of complexity with regards to PCs, from the stature of the propelled infection author and system programmer to the privateer who can be at a similar level as a fledgling PC client. The pervasiveness of the issue has been sensationalized by the media and authorization operators, and confirm by the ascent of specific private security firms to go up against the programmers. The normal individual's information about the CU has been gotten for the most part from the media. The media gets their data from previous CU people who have been gotten, from law implementation specialists, and from PC security masters. The PC underground, as it is called by those who take an interest in it, is made out of individuals holding fast to one or a few jobs: programmer, phreaker, privateer, wafer, and PC infection designer. Terms, for example, these have unique implications for the individuals who have expounded on the PC underground, for example, the media, and the individuals who take an interest in it. The media's idea of the Computer Underground is the principle reason for the criminalization of the action and has generally happened as the consequence of media sensation of the issue (Hollinger and Lanza-Kaduce, 1988). Truth be told, it was a assortment of paper and film cuts that was introduced to the US Congress during administrative discussions as proof of the PC hacking issue (Hollinger and Lanza-Kaduce, 1988, p.107). Lamentably, the media appraisal of the PC underground shows a credulous comprehension of CU action. The media by and large makes little qualification between various kinds of CU action. Most any PC related wrongdoing action can be ascribed to programmers. Everything from theft to PC infections have, at once or another, been ascribed to them. Moreover, programmers are regularly depicted as being sociopathic or noxious, making a media picture of the PC underground that may misrepresent their capacity for doing harm. The marking of the CU and particularly programmers as being detestable is well represented by these media models. The first is from Eddie Schwartz, a WGN-Radio moderator. Here Schwartz is tending to Anna, a self-distinguished programmer that has called into the show: You recognize what Anna, guess what upsets me? You don't seem like a numbskull however you speak to a . . . a . . . a . . . absence of profound quality that upsets me incredibly. You truly do. I think you speak to a certain perspective that is ethically bankrupt. Furthermore,

Contributing Factors To Brian’s Continence †MyAssignmenthelp.com

Question: Examine about the Contributing Factors To Brians Continence. Answer: Presentation The point of the report is to react to the contextual analysis of Mr. Brian encountering incontinence. The contributing components to the incontinence and the moderation issues are talked about. To advance self-restraint in Brian, wellbeing advancement includes the way toward expanding his authority over and improves the wellbeing. For this reason two-look into articles on one activity or advancement program is basically investigated and dependent on the proof acquired the report suggests how enlisted medical attendants can improve individual practice and the act of others. Contributing elements to Brians self control issues Incontinence and the issues identified with self control are the pointers of the bladder and inside brokenness. It is the most widely recognized issue happening in the mature age yet is rarely typical. Accordingly, age isn't causative e yet contributing element for incontinence, which is likewise found if there should arise an occurrence of Brian (Watt et al. 2014). He is 82 years of age man and his age might be viewed as contributing variables for his self-restraint issues. As per Johnson and Chang (2014), urinary and fecal incontinence in older patients is brought about by strokes. From the patient history, it very well may be deciphered that the ischemic heart maladies and cardiovascular breakdown is the contributing element of Brians fecal and urinary incontinence. Bladder brokenness additionally results from the spinal issue and osteoarthritis (Bedretdinova et al. 2016). In neurogenic bladder issue there is harm to the nerve tissues that control the working of the bladder and the muscles associated with pee and solid discharge. Brians, spondylitis might be the other contributing component (Panicker et al. 2015). The potential confusions of spondylitis are the urinary and fecal moderation (Bagnola et al. 2017). Not drinking enough water is the contributing component for kindled bladder divider. In the event of Brian, it was seen he expended a greater amount of wine and espresso and less of water. Drinking tea or espresso disturbs the bladder, which makes the incontinence a conceivable event (Watt et al. 2014). Wine goes about as a bladder energizer (Johnson and Chang 2014). Fecal incontinence can be brought about by blockage. Brian opens his inside each 2-3 days. Along these lines, clogging might be the contributing variable for the moderation issues saw in Brian. As per Loening?Baucke and Swidsinski (2015) fecal impaction causes troublesome entrail second and is the reason for the lower gastrointestinal tract hindrance. It is usually found in older individuals with the clogging. The equivalent might be the causative factor of Brian inside issues and it was found from the contextual investigation that his stomach assessment indicated lower left stomach fecal masses. Since, Brian is experiencing treatment and prescription for his infirmities; the reactions of the medications are effectsly affecting his bladder work. Brian is taking frusemide and spiractin, which is diuretic that expands pee volume. Amiodorone taken by him shows the beta blocker-like and calcium channel blocker-like activities and is known for urinary incontinence and blockage. Brian likewise takes tramadol which is the narcotic that causes the lessen bladder withdrawals, obstruction (Hussain and Gill 2016). Primary self control issues The principle urinary incontinence issues looked by Brian is the voiding of pee 9-12 times each day and 2-3 times for the time being, he feels the criticalness to void on most events. Now and then Brian doesn't know about spillage. He opens his entrail each 2-3 days and every gut activity is related with stressing and criticalness. These issues can be sorted as urge self control in Brian. Urge self control invigorate to the condition where the loss of pee is went with the dire need to pee. This fundamentally happens because of automatic activities of the bladder after stroke (Johnson and Chang 2014). Brian condition can likewise be identified with the flood moderation. It is where the bladder never totally exhausts. It is because of this explanation that Brian voids pee 3-4 times each day with little volume of pee misfortune. Brians utilitarian incontinence that can't make up to the restroom around evening time. It very well may be brought about by the stroke intricacies and the neur ological issue that he is having. His psyche can't convey or design the outing to washroom (Watt et al. 2014). Incontinence in old patients is hard to treat, as they are hesitant to look for help because of humiliation. Absence of mindfulness and successful correspondence with the social insurance suppliers is the other significant reason for poor administrations (Watt et al. 2014). It tends to be reasoned that Brian needs extensive social insurance plan since he is having interminable heart ailment alongside a few comorbidities that bring about interrelated inconveniences. This requests the multifaceted methodology. In this way, thenursing care plan must address the medical problems utilizing proof based practice. There is a need of joint methodology and procedures for accomplishing the best result for Brian thinking about his age, coronary illness, spondylitis, incontinence, strolling handicap and in general shortcoming (De Gagne et al. 2015). Basic examination look into articles Article 1 In the article by De Gagne et al. (2015), the point of the pilot study is to create, actualize and decide the viability of the self-administration program that is proof based for network abiding more established ladies (matured 55 years) with urinary incontinence in South Korea. The balanced for leading this examination is apparent from the concise foundation gave by the creator that shows the through writing survey being directed (Schneider and Whitehead 2013). Subsequently, the target of the paper is defended by the accompanying destinations Assessment of the members results respects to the seriousness of the side effects of incontinence Assessment of the loyalty of the actualized programs Decide the members reaction or fulfillment with the program Considering the examination destinations the exploration point was very much supported in spite of the fact that there was no speculation given. The examination utilizes quantitative research worldview and includes a one-bunch pre-post-test structure. The instrument utilized for the information assortment incorporates Sociodemographic survey, information scale and mentality scale, ICIQ-SF, Short Assessment Patient Satisfaction, Fidelity assessment agenda. The examination configuration is supported as the philosophy is all around depicted as far as the members and every one of the instrument utilized for information assortment is all around clarified. It establishes the quality of the investigation as it disposes of the impediments by nitty gritty portrayal of members, the incorporation and avoidance rules that were discovered advocated (LoBiondo-Wood and Haber 2017). The writer had unmistakably referenced the setting of the examination as Sosa people group (Korean provincial network) however the absence of subtleties on it is badly arranged for the perusers. The examination is by all accounts solid. Acquiring morals endorseme nt infers that the moral issues were taken into contemplations (Moralejo et al. 2017). In the examination, 17 ladies took part and finished week by week 90-min bunch meetings for 5 weeks. The quality of mediation rises up out of the instructing subjects that are portrayed in clear language. Be that as it may, disadvantage includes absence of subtleties on the inspecting strategy (LoBiondo-Wood et al. 2014). It incorporates self-administration standards, social and way of life factors on bladder wellbeing, compelling correspondence, legends and realities about UI, and connections with loved ones. The restriction of the investigation is the absence of adequate depiction of information examination. In any case. It was legitimized that the examination utilized expressive insights and matched t-tests. The outcomes are all around recorded by the creator in type of arranged graphs with immaculate introduction of the factual qualities (p 0.05). The introduction of the outcomes under individual subheadings gives the perusers an inside and out understanding of the investigation results. Affirmation of the confinements adds to the quality of the investigation (Coughlan et al. 2007). The discoveries of the examination demonstrated an improved results with the execution of the self-administration program of the urinary incontinence in spite of the rare assets in the rustic networks for urinary incontinence the executives and treatment. The discoveries are plainly expressed by the writer underscoring on the capability of this program and its across the board execution in thenursing practice. This comprises the quality of the examination as the outcomes were seen as measurably huge. In any case, there ought to have been more subtleties on legitimacy despite the fact that the examination seems solid (Moralejo et al. 2017). In general, it very well may be closed from the quantitative investigation that expansion in the self-administration of the infection was found by an expansion in the information and uplifting perspectives toward it. Article 2 In the article by the Wilde et al. (2014), the point is to talk about the standards of self-administration and their application in treating urinary and fecal incontinence. The goal of the paper legitimizes the exploration points and shows up importance. The goal is to portray the patients benefits by applying the self-administration methods to address incontinence along with the case situation. The creator at first point by point the key components of the self-administration and features on the patient administration of the physical, psychosocial, passionate, and utilitarian parts of wellbeing. The need of patient self-adequacy and interest in the community procedure of care suggests for the job of the medical caretaker. The quality of the audit paper is accentuation on the three procedures that a patient requires for self-administration of sickness. It remembers focussing for sickness needs, utilizing human services assets, and living with the constant disease. The quality of the paper is the exhaustive writing survey alongside the help of applicable speculations (Aveyard 2014). The

Relationship Marketing in Top UK Airlines Essay

Relationship Marketing in Top UK Airlines - Essay Example Every one of the three have a site on the Internet and acknowledge booking on the web. EasyJet and Ryanair have put low costs over client accommodation, while British Airways keeps on placing administration above cost. In 2001, the assaults on the World Trade Center and Pentagon resounded all through the world, particularly with carriers since business airplane were utilized in the assault. English Airways and other significant carriers declared gigantic occupation cuts while the minimal effort aircrafts shockingly announced expanded benefits. For what reason would an organization like easyJet beat the goliath British Airways Two potential reasons were advancement of deregulation and an open skies approach set up which permitted minimal effort carriers the opportunity to contend with low 'nitty gritty's costs (Discount aircrafts 2006). The thought was to take out pointless expenses with clients addressing a lot of lower costs for tickets while surrendering certain common luxuries (Welcome to Companion Website, 2001). The significant explanation behind the achievement of minimal effort aircrafts, be that as it may, was initiating advertising through the Internet, offering web based reserving just be cause. By 2002 Ryanair and easyJet had working edges far above conventional aircrafts, including 45% more than British Airways. In the United States 270m individuals were using 1000 low-passage planes with another couple of hundred on hand. In Europe 410m shared 400 low-toll planes (Binggeli and Pompeo). While other low-toll carriers traveled every which way, Ryanair and easyJet proceeded with their ubiquity. By 2004, be that as it may, conventional transporters, for example, BA started to make up for lost time to spending aircrafts. Extreme rivalry and rising fuel costs caused falling offer cost at easyJet in May, and in an online examination of the aircraft business, it was found there was an expansion in guests to online locales for spending carriers, however customary carriers demonstrated a higher guest rate (Cahill 2004), maybe a sign of the developing association among clients and business. In 2006, BA not just keeps on being the main worldwide carrier in the customary market, it is outperforming the no nonsense market with limited costs and exceptional arrangements through its site. Consumer loyalty is a factor that prompts accomplishment in the present commercial center, and the aircraft that comprehends this will develop in ubiquity. Advantages and disadvantages of Budget Airlines In the minimal effort spending aircraft business, easyJet and Ryanair keep on being the biggest organizations in the European ease advertise. These pioneers were the first to use the Internet for web based booking. They amplified resources by diminishing pivot time at air terminals and completion free ready providing food. Ticketless travel and serious utilization of data innovation (IT) expanded perceivability (easyJet Case Study 2006). In any case, the significant centers that serve these aircrafts are Stanstet, Luton and Gatwick, not the most helpful air terminals. Wizzair and SkyEurope are new aircrafts in Central Europe flying into these center points and are in rivalry with the minimal effort British carriers. One

Strand More Than a Bookstore

Strand More Than a Bookstore Like so many other book lovers, my breath caught when I heard of the passing of Fred Bass. Strand is a special place for me, and it was sad news. When you live in a big city, especially one like New York, it’s always a good idea to have a place or two of your own, to paraphrase my girl Virginia Woolf. Strand was one of those places for me. Though I lived uptown in Morningside Heights, and Strand was all the way downtown in Union Square, I often made the trip on a whim or when it wasn’t convenient for me, for the simple fact that Strand was a survival tool for me. It was not my first time living in Manhattan, but the last time I lived there, I was in my early 20s. And as Joan Didion once famously said in her essay “Goodbye To All That,” “…It is less often said that New York is also, at least for those of us who came there from somewhere else, a city only for the very young.” Nearly 10 years later, in my early 30s, while in an MFA program, the city grated on me: the dirtiness, the unfriendliness, the constant rush, the noiseâ€"I couldn’t wait to leave. Having lived for nearly 5 years down South before moving back North, I had serious culture shock, and never quite got used to the city again. Whenever it started to get too bad, I would hop a subway to Strand, where I could push through the crowds to the lower floor and look at all the ARCs they had and peruse the literary nonfiction. Or I would head upstairs, to the YA and children’s sections, in search of something for my nephew. Later, I would look in the parenting section for bo oks on infertility, becoming a mother through assisted reproduction, and eventually, books on pregnancy and parenting. Or I would make a beeline to the side of the store, where I could sift through all the cool socks, or get a new journal or 7-year-pen. And of course, those totes. Touristy, yesâ€"but damn, they were so darn cute. The first time I went to Strand was a few months into my MFA program. My aunt hadn’t been doing well (she had been diagnosed with Stage IV ovarian cancer a year and a half earlier), and I was supposed to meet a new friend for coffee downtown. I stopped at Strand to kill some time, and ended up with a bag full of books, happily surprised at the cheap prices. Stepping onto the sidewalk, I took out my phone to see if my friend had texted, and saw that I had a bunch of missed calls from my dad. Long story short, my aunt had been taken to the hospital because of pain, and things had gotten a lot worse. Sobbing, my dad said, “Jaime, it’s the beginning of the end.” I didn’t go back to Strand for months after that. When I finally did go back that day lingered in the back of my head, and to this day I think of my aunt every time I go there. But Strand became a sort of refuge for me. On a super hot day, I’d step into Strand, and though it would likely only be marginally cooler, at least I was out of the sun. On blustery cold Manhattan days, the store was nice and toasty, and I’d take my coat off as I lost myself in the stacks, scanning the spines of the books. If I was having a bad day, the thought of trekking all the way down to Union Square exhausted me, but I would somehow force myself to get to the subway station. If I could just get on the subway, it would be okay. Sometimes I’d treat myself to a coffee from The Bean, across the street. Their dirty chai was awesome. It wasnt all bad. I went to a reading of my favorite authors and admired physicians, Atul Gawande, and met one of my childhood crushes, Corey Feldman, at Strand. I once won a Strand contest, and when I went to pick up my prize, got to meet and hold Gizzy (see her Instagram below). I had countless conversations with strangers that one can only have in Manhattan (if youve lived there, you know what I mean) while browsing the stacks. I always, always felt better leaving Strand than when I went in. Today is a sad day as we say a final goodbye to @strandbookstore’s owner and bookseller legend, Fred Bass. ?? #RIP Fred. Thanks for giving me some of the best stacks to run through! We will miss you. #littlestbookseller A post shared by Gizzy • ??not a boy?? (@newyorkdog) on Jan 3, 2018 at 9:28am PST During the last few months that I lived in Manhattan, I was miserable. I knew my time with the city was ending, and for my own physical and mental health, I had to leave. Many times I’d get an iced coffee and sit in the summer sun as it was setting, on a bench outside The Bean, facing the book carts of Strand, people-watching, mired in my sadness and frustration. One moment in particular stands out to me. I was on the phone with my grandparents, trying not to cry, swallowing the lump in my throat, wondering if things would get better. My grandfather kept telling me that it would be all right, that I would be moving soon, and to keep my chin up. My iced coffee cup dripped water on my bare leg, and all I could do was nod, keeping my eyes on the striped Strand totes in the windows, the orange glare from the sunset making me squint. My grandfather was right, of course. When I lost him a few months after that, it is that day that I often come back to in my memories. It is these visceral moments that have made Strand a part of my being. It isn’t just a bookstore to me; it contains all of the bodily senses, houses memories of loved ones, and was a panacea for my depression. In a city that stopped feeling like home for me, Strand was my place. While I don’t live in Manhattan any more, every time I visit, I make sure to stop at Strand. I think it will always, on some level, be my place. And I’m okay with that.

Use of Barney’s VRIO Framework Marketing Assignment - 2475 Words

Use of Barney’s VRIO Framework Marketing Assignment (Term Paper Sample) Content: Analysis of Corporate Strategy of AB ElectroluxNameInstitutionIntroductionElectrolux is a company based in Stockholm, Sweden (Electrolux, 2013). The company was instituted in the year 1919. At present, the company has demonstrated a significant growth because in every year it retails more than sixty million household and professional products to over one hundred and fifty markets worldwide. Electroluxs products comprise dishwashers, refrigerators, washing machines, vacuum cleaners, air conditioners, cookers, and other small domestic appliances. The annual reports from Electrolux portray that the company has been making consistent profits since the year 2014 through the year 2016 (Electrolux, 2013). According to Electrolux, these profits have been enhanced by the enforcement of proper corporate strategies. As such, these strategic plans have assisted Electrolux to achieve a competitive edge over its business rivals.Use of Barneys VRIO Framework in Analyzing the Compete ncies of ElectroluxVRIO framework is a tool that was founded by Barney in the year 1991 (Jurevicius, 2013). This tool helps people to analyze organizations internal resources. The tool was developed after Barney identified that firms resources must possess four attributes in order to attain a sustained competitive advantage. Specifically, these attributes include Value, rarity, imitability and organization (Jurevicius, 2013). In relation to real business resources, Barney elaborated that the VRIO analysis was intended to ask four specific questions. The first question asks whether firms resources are valuable (Jurevicius, 2013).According to Jurevicius (2013), the second question addresses the question of whether firms resources are rare. The third question aims to determine whether the firms resources are costly to imitate. The fourth and the last question intends to determine whether the firm is organized in a manner that captures the value of its resources. According to Jurevicius (2013), a firm is regarded to have a sustained competitive advantage if its resources are valuable, rare, costly to imitate and well organized. This section aims to analyze the competences of Electrolux using Barneys VRIO framework using the four attributes.ValuableThis is the first question in Barneys VRIO framework. In particular, this question asks if the resources add value by enabling a company or organization to exploit available opportunities or defend itself from threats (Jurevicius, 2013). In the case of Electrolux the answer is yes, because the Electroluxs resources have proved to be valuable. The resources of Electrolux have enabled the company to maximize the perceived customer value. Indeed, Electrolux has increased customer value by increasing differentiation and decreasing the prices of their products. The resources of Electrolux have meet this condition. Therefore, the company is able to realize a competitive advantage over its competitors.RarityIn VRIO framework ra rity describes the shortage of resources among the competing companies (Jurevicius, 2013). In the case of Electrolux, the company have rare and valuable resources. Hence, Electrolux enjoys a temporal competitive advantage over its business rivals. However, Electrolux have a high possibility of maintaining this condition because it does not neglect the few valuable but common resources. Electrolux has strategies that assist it to identify the valuable and common resources. Therefore, the company is able to utilize the valuable but common resources to remain at a competitive edge with its business rivals.ImitabilityAccording to Barney, the resources are costly to imitate if other firms that do not have them cannot imitate or substitute the products at a reasonable price (Jurevicius, 2013). Imitation takes two dimensions. Firstly, the competitor might duplicate the products. Secondly, the competitor might substitute the product. Electrolux resources and products are costly to imitate. Hence, the answer to the question that asks whether Electroluxs resources are costly to imitate is yes. Electrolux have gained a competitive advantage because the resources are valuable, rare and costly to imitate. The strategy of differentiation helps to keep the Electroluxs resources and products costly to imitate. Additionally, social complexity assists Electrolux to keep the cost of imitating its resources and products high. Electroluxs resources and capabilities are managed and regulated by the organizations culture and interpersonal relationship.OrganizationAccording to Barney, resources themselves do not confer significant advantage for a firm if they are not organized to impact value (Jurevicius, 2013). The question that is associated with this attribute of VRIO framework asks whether the resources are well managed to bring value in return. In the case of Electrolux, the answer to this question is yes. Electrolux has demonstrated this attribute by organizing its management s ystems, policies, processes, and organizational culture and structure. By so doing, Electrolux has been able to realize full potential of the valuable, costly to imitate, and rare resources and capabilities.Can Electrolux Compete with Local Chinese Consumer Manufacturers?Electrolux can comfortably and healthily compete with local Chinese consumer manufacturers. As depicted by the Electroluxs annual reports, the company failed in the year 2013 owing to unsuccessful strategies (Electrolux, 2013). However, in 2014 all through to 2016, Electrolux recorded a consistent trend of profits. Electrolux learned from its failure in 2013, and introduced itself in the market with a premium brand. Since 2014, Electrolux become more competitive than its competitors. Another reason that enables Electrolux become competitive over local Chinese manufactures owes to the fact that the consumer market for office and home appliances is projected to double or triple in the near future. Electrolux has inves ted a lot of money and resources on research and development to enhance greater innovations than its competitors. Hence, Electrolux will be able to compete with Chinese firms.Additionally, Electrolux has adopted various strategies that assist it to compete with its business rivals. Essentially, the Electroluxs capacity to manage the personnel and customers in an effective manner puts the company in a better position to beat its competitors. One of the strategies include differentiation. Electrolux has designed products that are very costly to imitate. Hence, the local Chinese firms are unable to either duplicate or substitute the products at a fair price.Electrolux ensures continuous improvement of customer service. As such, the company is able to deliver high quality products at a lower price than the competitors. The management of Electrolux works around the clock to ensure continuous improvement of cost structures and develop processes, methods, skills and company culture in favo r of their esteemed customers. Indeed, Electrolux work on continuous improvement kicks off with focus and stability to build a steadfast and reliable delivery company. Furthermore, Electrolux focuses on delivering products to customers with safety, reliability and quality.Electrolux has achieved sustainable development. The major concern of Electrolux is delivering best-in-class consumer experiences (Electrolux, 2013). The company believes in providing better solutions, better society and better operations. The company ensures better solutions by improving product efficiency and performance, making better use of available resources and eliminating harmful materials. Consequently, Electrolux assures customer about better operations of their products by ensuring the practice of the best health and safety measures, customers achieve more with less of the products and products operations adhere to ethical and human rights.Three Leading Perspectives on StrategyThe leading perspectives on strategy of AB Electrolux include transformational drivers, Talent and team, and operational excellence (Electrolux, 2013). The combination of these three strategies help Electrolux to drive a profitable growth and to achieve best-in-class consumer experiences. AB Electrolux focuses on innovations to enhance and strengthen overall consumer experience before, during and after selling their products. Additionally, AB Electrolux focuses and concentrates on innovations that seem more relevant to them for building the best consumer experience to provide products that suite the needs for customers (Electrolux, 2013).AB Electrolux focuses on operational excellence during all the stages of their value chain (Electrolux, 2013). The strategy on operational excellence focusses on optimizing operations. AB Electrolux focuses on automation, modernization and adjustments of other existing plants to optimize operations and achieve a more competitive cost structure. Hence, Electrolux becomes a foc used and stable company that strives to simplify the production process and minimize complexity to provide their customers with a high quality and reliable delivery (Electrolux, 2013). The company invests in extensive modularization programs to lower product costs. Therefore, the strategy assists AB Electrolux to achieve a sustainable growth and to efficiently use its resources during the entire supply chain process.Talent and Teamship is a strategy that AB Electrolux relies on to search and develop specific core competences (Electrolux, 2013). Electrolux gauges the energy of its personnel to learn their drive and capability of delivering quality results. Under Talent and Teamship strategy, Openness focuses on opportunities and needs of their customers and how to collaborate with others. Ano...

Analysis Of Sherman Alexie s On The Amtrak - 1049 Words

In the poem On the Amtrak from Boston to New York City by Sherman Alexie, the speaker is portrayed as a Native American Indian who wishes to retake and make known his ownership of Indian land, which the white people stole. However, his sympathy towards his rivals seems to keep him from accomplishing these goals. First, we can plainly see his Native American heritage in the language of the poem. For example, he refers to the elderly woman whom he converses with as white (line 1), which implies he is not; there would be no real reason of mentioning skin color unless it was significant to him. The negative outlook the speaker has on the white woman s definition of history is apparent in his rejection of her historical claim. The woman says, Look, / look at all the history, that house on the hill there is over two hundred years old, (lines 1-3). He frowns upon her words, explaining, I have learned / a little more about American history during my few days / back East than what I expect and far less / of what we should all know of the tribal stories / whose architecture is 15,000 years older / than the corners of the house that sits / museum on the hill. (lines 5-11). The way the speaker distances himself from American history (line 6) and how he claims all should know tribal stories (line 8) insinuating he is of tribal descent. Further, he announces, I know the Indians were living stories / around that pond before Walden s grandparents were born (linesShow MoreRelatedBusiness and Management2600 Words   |  11 Pagesat the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Barnet, S., Cain, W.E., Burto, W. (2011). Literature for composition: Essays, stories, poems, and plays (9th ed.). New York, NY: Longman. All electronic materials are available on the student website. |Week One: Elements of Literature—Stories

Breakdown vs. Break Down How to Choose the Right Word

The words breakdown and break down both refer to a failure or a dismantling of some kind, whether its mechanical, physical, or emotional. The difference is that, written as one word, breakdown is a noun, referring to the result of the action, while the two-word version, break down, is a phrasal verb that denotes the action leading to the result. How to Use Breakdown The one-word noun breakdown means a failure to function, a collapse, or an analysis, especially one relating to statistics. The word is pronounced with the stress on the first syllable. A car can suffer a breakdown when something mechanical or computerized fails and the vehicle wont run. A person suffering a nervous breakdown has an impaired ability to function because  of a psychotic or neurotic disorder. An accountant can present a breakdown, or an analysis, of a business plan. How to Use Break Down Break down is a verb phrase (consisting of a verb and another part of speech, in this case an adverb) meaning to go out of order, lose self-control, or separate into parts or decompose. The phrasal verb is pronounced with equal stress on both words. Before a car stops running, a mechanical system or an onboard computer breaks down and prevents the car from running properly. A person crushed by emotional problems breaks down and can no longer function normally. The accountant breaks down the business plan, or separates it into its component parts for analysis. An organism Examples Here are examples that illustrate the difference between break down, the verb phrase, and breakdown, the noun: The accountant will break down the budget and present the breakdown to all the board members. Here, break down refers to the action the accountant takes in separating the parts of the budget; its a verb phrase. The result of her effort, the document she presents to the board members, is the breakdown. Its a noun.Feeling the car break down after it hit the giant pothole was enough to send Peter into a breakdown. Break down describes the action of the car as it goes out of order; its a verb phrase. Peters breakdown is the result of the overwhelming emotions he feels when his beloved 64 Mustang turns into scrap; its a noun.Saras husband was afraid she would break down and cry, and it wouldnt be the first breakdown she had suffered. Break down refers to Sara losing the ability to function normally because of stress; its a verb phrase. The result of Saras reaction to stress is a breakdown. Its a noun. How to Remember the Difference To remember the difference, decide whether you want to convey an action or a thing, the result of an action. If its the former, you need a verb; if its the latter, you need a noun. Then, consider that: With breakdown, the two words join together to create a noun, just as build and up make the noun buildup and down and turn create the noun downturn. So if you need a noun, pick breakdown. Its always a noun.In break down the word break stands alone, and break usually conveys action; more often than not, its a verb. So if you need a verb, break down is the right choice. Its always a verb.To help you recall that break down  is the verb, remember that you can make break down past tense: or broke down, because the verb  break  is separate from the adverb down. You cant make breakdown past tense. You can also put nouns between the two words, such as  break the wall down. Musical Breakdown A breakdown in music can mean many things, depending on the genre. In many formats it refers to the musicians playing solo parts, or breaking down the music into its components. In heavy metal it can mean a slow, heavy part of the song, and in American country it can mean a lively, shuffling dance. Sources Breakdown or Break Down: What’s the Difference? https://writingexplained.org/breakdown-or-break-down-difference.Breakdown or Break Down: How to Use Each Correctly. http://www.enhancemywriting.com/breakdown-or-break-down

Overview Of The Indian Commodity Market Finance Essay - Free Essay Example

Sample details Pages: 12 Words: 3703 Downloads: 9 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? In India market for futures are from a very long time back , it was there in early 1800s. After Independence, the Forward Contracts (Regulation) Act, 1952 (FCRA, 1952) was passed to promote and regulate this market with Forward Markets Commission (FMC) being set up in 1953 in Mumbai as the regulator. Commodity derivatives were banned in the late 60s, but were revived again in the 80s.After the successful equity market reforms of the 90s, the Government of India tried to replicate similar reforms for the commodity derivatives markets and in 1999 suggested that the Minimum Support Price (MSP)as a price-hedging instrument could be replaced with derivatives markets. Don’t waste time! Our writers will create an original "Overview Of The Indian Commodity Market Finance Essay" essay for you Create order National-level multi-commodity exchanges were permitted to be set up on conditions of being backed by internationally prevailing best practices of trading, clearing and settlement. The national commodity exchanges follow electronic, transparent trading and clearing with novation, similar to the equity market [See Box 2]. At present, 105 commodities have been approved for trading out of which 95 commodities are actively traded. The development of the commodity derivatives market in India like many other countries has been hindered by policy reversals on concerns regarding its effect on prices and supplies of essential commodities. This apart, integration of spot and futures market is cited as a critical factor for further growth of commodity futures in India. According to Nair (2004), the major stumbling block for the development of commodity futures markets in India is the fragmented physical/spot market with government laws and various taxes that hinder the free movement of commodit ies critique draws attention to the prevalence of bilateral deals in local exchanges, the lack of price transparency both in the (fragmented) futures and spot markets for many commodities and the absence of certified warehouses. At present 22 Exchanges are recognised/registered for forward/futures trading in commodities. Most of the commodity exchanges in India are single commodity platforms and cater mainly to the regional requirements. However, three national-level multi-commodity exchanges have been set up in the country to overcome the problem of fragmentation. These exchanges are: 1. National Multi Commodity Exchange of India (NMCE) 2. Multi Commodity Exchange of India (MCX) 3. National Commodity Derivatives Exchange of India (NCDEX) NMCE (National Multi Commodity Exchange of India) It is the first state of the demutualized multi-commodity Exchange, National Multi Commodity Exchange of India Ltd. (NMCE) was promoted by commodity-relevant public institutions, viz., Central Warehousing Corporation (CWC), National Agricultural Cooperative Marketing Federation of India (NAFED), Gujarat Agro-Industries Corporation Limited (GAICL), Gujarat State Agricultural Marketing Board (GSAMB), National Institute of Agricultural Marketing (NIAM), and Neptune Overseas Limited (NOL). While various integral aspects of commodity economy, viz., warehousing, cooperatives, private and public sector marketing of agricultural commodities, research and training were adequately addressed in structuring the Exchange, finance was still a vital missing link. Punjab National Bank (PNB) took equity of the Exchange to establish that linkage. Even today, NMCE is the only Exchange in India to have such investment and technical support from the comm odity relevant institutions. These institutions are represented on the Board of Directors of the Exchange and also on various committees set up by the Exchange to ensure good corporate governance.. NMCE commenced futures trading in 24 commodities on 26th November, 2002 on a national scale and the basket of commodities has grown substantially since then to include cash crops, food grains, plantations, spices, oil seeds, metals bullion among others.. MCX( Multi Commodity Exchange of India ) :- Headquartered in Mumbai, Multi Commodity Exchange of India Ltd (MCX) is a state-of-the-art electronic commodity futures exchange. The demutualised Exchange has permanent recognition from the Government of India to facilitate online trading, and clearing and settlement operations for commodity futures across the country. Having started operations in November 2003, today, MCX holds a market share of over 85%* (as on March 31, 2012 MCX had a market share of 86%) of the Indian commodity futures market. The Exchange has more than 2,170 registered members operating through over 3,46,000 including CTCL trading terminals spread over 1,577 cities and towns across India. MCX was the third largest commodity futures exchange in the world, in terms of the number of contracts traded in CY2011 4.2 PURPOSE OF THE STUDY In India, as derivatives only futures trading in commodities is allowed. These trading are delineated into agriculture and non agriculture commodities. There has to be a systematic approach to reap benefits from commodity futures. These markets are driven by news, rumors, data release aspects and many more .These all things sometimes results in market volatility so assessing the risk mitigation possibility through use of futures is necessary and also the use of other derivative instruments like options. These complicated aspects make the research desk inevitable in brokerage firm. Hence the study is useful to understand the future market trends , analyze the hedging effectiveness of commodity futures and the need of options in commodity market. 4.3 SIGNIFICANCE OF THE STUDY To get to know the hedging effectiveness of the futures as it is many times talked that the futures increases speculative trading rather than hedging tool and to find out wheather price discovery mechanism is there and how efficient is it in hedging price risk, It also covers the need of commodity option in the market and its use as an hedging tool. 4.4 LIMITATION OF STUDY The study is limited to Kolkata and Bangalore brokerage houses only. Limited number of respondents i.e.50 as it was not easy to get data from the corporate. Time constraint was a major limitation. Not covered the industrialist and farmers who trade in commodity market to hedge the production risk.. 5.1 INTRODUCTION This part of the research paper shows the detailed analysis and related interpretation of the collected data in a detailed manner . This analysis and interpretation is based on the research methodology mentioned in Chapter 3 and the micro analysis of the Indian commodity market .In this Chapter initially the analysis of the respondents is done and then it moves on to analyse the the primary data and further to conclude a secondary research is also done from the data sources as earlier mentioned in Chapter 3. 5.2 RESPONDENTS PROFILE The number of respondents taken in for this research is 50. Basically the respondents are those people who trade in commodity market. Majority of respondents are from Kolkata and Bangalore, respondents are from all the age groups . Out of 50 , 20% of respondents are professional people like Chartered Accountants, Company Secretary, and MBA who trade in commodity and other financial instruments and rest are the people who trade in commodity market, respondents also includes the people orking in for brokerage houses who deals in commodity. 5.3 ANALYSIS OF DATA The analysis is done on both primary data and Secondary Data. Exchange in which respondents trade. Chart 5.1: Preference for Commodity Exchange Source: Primary Data 60% of the respondents prefer MCX as the commodity exchange for their investment, whereas NCDEX is preferred by 29% of the sample, and rest of the respondents prefer options other than MCX and NCDEX. Preference for the type of Commodity among Investors. Chart 5.2 : Type of Commodity trade Source: Primary Data Bullion, Metals, Agricultural Products are the most preferred commodity types by 49%, 18%, and 33% of the respondents respectively. Opinion about Indian Market Commodity market volatility. Chart 5.3 : Opinion about Indian commodity market volatility 48% of the respondents are of the opinion that Commodity Market in India is highly volatile, and 43% percentage of respondents feel that the volatility of the Indian Commodity Market is moderate, whereas it is thought to be low volatile by 9% of the respondents. Level of participation in commodity market. Chart 5.4: Level of participation in commodity market Most of the respondents are very active at trading in Commodity Market, whereas 31 % of the respondents are found to be less active in the Commodity Market. 5.3.4 Relationship between Mitigation of risk and level of participation by an investor Table 5.1 :- Cross tabulation of level of investement participation and mitigation of risk. How_Active * Mittigation of risk Crosstabulation Count Mittigation of risk Total Least Priority Less Priority Neutral High Priority Highest Priority How_Active Very Active 1 1 0 4 10 16 Moderate 1 4 8 3 5 21 Less Active 2 2 7 2 1 14 Total 4 7 15 9 16 51 Chart 5.5: Cross tabulation of level of investment participation and mitigation of risk Interpretation: Cross tabulation analysis shows that activeness of a trader in a market have a important role in taking up mitigation of risk. Active trader gives highest priority to Mitigation of risk on the other hand moderate and less active traders are not motivated towards risk mitigation. 5.3.5 Cross tabulation Relationship between investors level of participation and Pure investment Purpose Table 5.2 : Cross tabulation relationship between investement level of participation and investement purpose How_Active * Pure_Investement_Purpose Crosstabulation Count Pure_Investement_Purpose Total Least Priority Less Priority Neutral High Priority Highest Priority How_Active Very Active 3 3 6 3 1 16 Moderate 3 5 5 5 3 21 Less Active 1 2 1 3 7 14 Total 7 10 12 11 11 51 Chart 5.6: Cross tabulation relationship between investement level of participation and investement purpose Interpretation :- Through this cross tabulation we get to know that investors who are less active they make investement in futures with pure investement purpose . On the other hand very active and moderate investors are more neutral towards pure investement purpose. Factor analysis : Factors taken into account are Risk mitigation, Parking of excess cash , Pure investement purpose and To offset price volatility. Table 5.3 : Factor analysis of Risk mitigation, Parking of excess cash , Pure investement purpose KMO and Bartletts Test Kaiser-Meyer-Olkin Measure of Sampling Adequacy. .615 Bartletts Test of Sphericity Approx. Chi-Square 14.924 Df 6 Sig. .41 Interpretation :-Kaiser Meyer Olkin Values range between 0 and 1. A value near to 1 indicates a high correlation and suggests that the data is reliable whereas a value near 0 indicates that correlation is less than partial correlation. KMO value should be greater than 0.5, otherwise we need to collect more data or some of the factors should be eliminated. There are Four categories of value on the basis of KMO value. (0.5-0.7 is mediocre, 0.7-0.8 is good, 0.8-0.9 is great, greater than 0.9 is superb) In this case, the KMO value is .615, so the data falls in the category of mediocre. It means that the data are fair enough to carry on the factor analysis. Further, there should be some relationship between the variables, if we need to carry out Factor analysis. So the significance value should be less than 0.5. In this case the sig value is 0.04 which shows that the data are related to each other, so we can carry out Factor Analysis Communalities Initial Extraction Mittigation of risk 1.000 .432 Pure_Investement_Purpose 1.000 .687 Parking_Excess_Cash 1.000 .774 To_offset price volatility 1.000 .710 Extraction Method: Principal Component Analysis. In this case we assume that the initial variance is common, so the communalities initially are 1.But in the extraction column, the variance has changed for every factor. For Example, variance of .710 signifies that variable 1 is 71% common to variance of other factor Component Matrixa Component 1 2 Mittigation of risk .187 .630 Pure_Investement_Purpose .818 .135 Parking_Excess_Cash -.863 .170 To_offset price volatility .098 -.837 Extraction Method: Principal Component Analysis. a. 2 components extracted. Testing of Hypothesis 5.4.1 Regression Analysis On the primary data collected for determining the impact of various independent variables like Easy money, Speculators , Demand ,Supply, Expiry date on dependent variable i.e. price. Table 5.4 : Regression analysis of independent variables like Easy money, Speculators Demand ,Supply, Expiry date on dependent variable i.e. price. Variables Entered/Removed Model Variables Entered Variables Removed Method 1 Easy Money, Speculators, Demand, Supply, Expiry_Datea . Enter a. All requested variables entered. Model Summary Model R R Square Adjusted R Square Std. Error of the Estimate 1 .761a .679 .531 .74737 a. Predictors: (Constant), Easy_Money, Speculators, Demand, Supply, Expiry_Date ANOVAb Model Sum of Squares df Mean Square F Sig. 1 Regression 33.743 5 6.749 12.082 .000a Residual 24.577 44 .559 Total 58.320 49 a. Predictors: (Constant), Easy_Money, Speculators, Demand, Supply, Expiry_Date b. Dependent Variable: Price Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) -.980 .791 -1.238 .222 Demand .511 .122 .436 4.202 .000 Speculators .487 .100 .496 4.872 .000 Supply .037 .150 .027 .248 .805 Expiry_Date .146 .151 .107 .966 .339 Easy_Money .170 .123 .151 1.380 .175 a. Dependent Variable: Price Interpretation : The second table of interest is the Model Summary table. This table provides the R and R2 value. The R2 value is 0.679, which represents the simple correlation and, therefore, indicates a degree of correlation. The R2 value indicates how much of the dependent variable, Price of the commodity , can be explained by the independent variables, Demand , speculator , Supply, Easy money , Expiry date . In this case, 67.9% is the effect which is fair enough. 3. The next table is the ANOVA table. This table indicates that the regression model predicts the outcome variable significantly well. In the Regression row go to the Sig. column. This indicates the statistical significance of the regression model that was applied. Here, P 0.000 which is less than 0.05 and indicates that, overall, the model applied is significantly good enough in predicting the outcome variable. 4. The next table is Coefficients which provides us with information on each predictor variable. This provides us with the information necessary to predict Price from , Demand , speculator , Supply, Easy money , Expiry date . It is seen that Demand and Speculators contribute significantly to the model (by looking at the Sig. column). 5. By looking at the B column under the Unstandardized Coefficients column we can present the regression equation as: Price = -.980 + 0.511(Demand) + .487 (Speculators) 5.4.2 Regression Analysis An analysis of investors perception about Indian commodity market and there participation in the market as independent variable. And its impact on risk mitigation strategy as a dependent Table 5.5 : Regression analysis on factors determining mitigation of risk Interpretation :- The second table Model Summary table. This table provides the R and R2 value. The R2 value is 0.669, which represents the simple correlation and, therefore, indicates a degree of correlation. The R2 value indicates how much of the dependent variable, Price of the commodity , can be explained by the independent variables, How active an investor is there in the commodity market and opinion about volatility in the commodity market. In this case, 67.9% is the effect which is fair enough. 3. The next table is the ANOVA table. This table indicates that the regression model predicts the outcome variable significantly well. In the Regression row go to the Sig. column. This indicates the statistical significance of the regression model that was applied. Here, P 0.000 which is less than 0.05 and indicates that, overall, the model applied is significantly good enough in predicting the outcome variable. 4. The next table is Coefficients which provides us with information on each predictor variable. This provides us with the information necessary to predict Price from ,How Active an investor participate and his opinion of Indian commodity market . It is seen that contribute significantly to the model (by looking at the Sig. column). 5. By looking at the B column under the Unstandardized Coefficients column we can present the regression equation as: Price = 6.128 + 0.767(How Active) + .548 (Volatility) 5.4.4 About price discovery mechanism in future market Chart 5.6 : Future market price discovery process Interpretation :- As the Price discovery mechanism is concerned 28% of the respondents say that it depends on the future and spot relationship, 25% says its reflected first on spot, 23% on futures, 24% says market is efficient. So with this conclusion we can say that it is not very clear which way the price is discovered. 5.4.5 Factor Analysis :- Of the factors which can help in determining wheather price discovery mechanism exist in the commodity market factors taken into consideration are efficient market, price reflects first on the spot market, information first reflects first on the futures market and their exist a relationship between futures and spot prices KMO and Bartletts Test Kaiser-Meyer-Olkin Measure of Sampling Adequacy. .557 Bartletts Test of Sphericity Approx. Chi-Square 19.164 df 6 Sig. .004 Interpretation :-Kaiser Meyer Olkin Values range between 0 and 1. A value near to 1 indicates a high correlation and suggests that the data is reliable whereas a value near 0 indicates that correlation is less than partial correlation. KMO value should be greater than 0.5, otherwise we need to collect more data or some of the factors should be eliminated. There are Four categories of value on the basis of KMO value. (0.5-0.7 is mediocre, 0.7-0.8 is good, 0.8-0.9 is great, greater than 0.9 is superb) In this case, the KMO value is .557, so the data falls in the category of mediocre. It means that the data are fair enough to carry on the factor analysis. Further, there should be some relationship between the variables, if we need to carry out Factor analysis. So the significance value should be less than 0.5. In this case the sig value is 0.04 which shows that the data are related to each other, so we can carry out Factor Analysis Correlation Matrix Efficient Futures_Market Spot_Market Closely_Related Sig. (1-tailed) Efficient .003 .147 .014 Futures_Market .003 .009 .218 Spot_Market .147 .009 .074 Closely_Related .014 .218 .074 5.4.6 Cross Tabulation To check the need of commodity options and to find out particularly in which commodity the financial instrument ids much needed. Importance * Agriculture Products Crosstabulation Count Agriculture Products Total No Yes Importance Very Important 9 14 23 Not Important 9 2 11 Indifferent 3 8 11 Total 21 24 45 Importance * Bullion Cross tabulation Count Bullion Total No Yes Importance Very Important 17 6 23 Not Important 3 8 11 Indifferent 6 5 11 Total 26 19 45 Importance * Metals Cross tabulation Count Metals Total No Yes Importance Very Important 20 3 23 Not Important 10 1 11 Indifferent 10 1 11 Total 40 5 45 Importance * Fossil/Energy Crosstabulation Count Fossil/Energy Total No Yes Importance Very Important 21 2 23 Not Important 9 2 11 Indifferent 11 0 11 Total 41 4 45 Interpretation :- This cross tabulation analysis is done to determine the need of commodity options in the market and also to know in which commodity product option is needed. So as per the data collected it shows that the commodity option is needed in the market it is much need derivative tool in the agriculture commodity. 5.4.7 Purpose for which commodity option can be used in the market Chart 5.6 : Purpose for which commodity option can be used in the market Interpretation :- As the chart shows that the investment in commodity option will be more for making profit through movement in the price and also it will be used as a risk mitigation tool. 5.4.8 Research based on Secondary Research Comdex index futures and spot Correlation :- This analysis is done in order to check the movement of futures and spot . As per the analysis correlation shows negative correlation .31. Which denotes movement in price of one effect the other inversely. Conclusion :- This shows that the movement in the price of one effect the other so there exist a price discovery mechanism between these two prices. 6.1 FINDINGS From the research we got to know that on the basis of an individual participation level in the commodity futures market determines his needs for investment. It is found that an active investor invest in futures market to mitigate the risk so it can be considered that the futures are being considered as a hedging tool. On the other hand non active investors in the commodity futures main motive is either making a pure investment or offsetting the price volatility in the market. Factors like mitigation of risk, parking of excess cash, offsetting price volatility and pure investment are the main reasons for trading in commodity futures. It is found that the factors like Supply , Demand , Speculators , Easy Money , Expiry date all have a direct effect on the price of the commodity and there exist a correlation among them. It is also found that there exist a relationship between individual perception of commodity market and there investment decision. As per the research done it is found that investor who view commodity market as volatile and are also active in market they in commodity futures for risk mitigation i.e. they consider futures as a hedging tool. On other hand who feels commodity market is not that volatile it is moderate on less volatile and they are too active in market there investment purpose is more as pure investment or offsetting price volatility. It is found that factors which help in price discovery mechanism like market efficiency, reflection of market information first on the spot market, effect of market information first on the futures market and that spot market and futures market are interrelated and helps in determining. As per the secondary research done on the datas collected of 3 index traded fund on MCX of India both their daily spot and future prices of past one year daily historic price it shows a coo relation, which means that they are closely interrelated so it can be said that market information are reflected on both the prices so futures can be said to discover price because of co orelation. As the research area also analyse the need of commodity option in the market it comes out with a finding that commodity option is much needed item especially in the agri commodity sector 6.2 CONCLUSION :- To conclude presently the Indian commodity market is getting very popular the volume of trade has increased so this has resulted in increasing the efficiency level of the market . But as India being a agriculture driven country and agri market mainly depends on the monsoon which is very uncertain so hedging against the price risk through commodity futures can be good idea and it has proved effective too in past and in other commodity too like energy, bullion, metals commodity futures can be a effective tool. Apart from futures in order to encourage commodity market commodity option too is about to be introduced in the market and as per the research investors are really looking forward for it and that too especially it will be great help in the agricultural sector. 6.3 SUGGESTION Commodity market is a good place too invest in it can help in mitigation of risk like price in risk in todays inflation effected scenario. Commodity market can help in securing a certain price level through the use of futures. Through the use of relation between futures and spot price discovery can be done so this can be used for arbitraging and speculating future trends in prices. With introduction of commodity option possibility in near future investement in commodity market will be emcouraged as it will provide a better hedge mechanism . So it can be said that it is worthwhile making an investement in commodity market now in order to hedge against the price risk, inflation risk and production risk . 6.4 SUGGESTION FOR FURTHER STUDY As my research is limited to areas like Kolkata and Bangalore soa further research can be conducted covering major cities. Sample size can be increased for getting a more clesr result . Respondents can include farmers and industrialist who trade in commodity market to hedge against their production and price risk More variables can be added which affect the commodity futures.

Essay about Estee Lauder Financial Ratio Analysis

LIntroduction The purpose of this report is to highlight and assess the financial strength of Estee Lauder. This report will cover Estee Lauder’s Profitability, Liquidity, Leverage and Activity Ratios, which will be 19 key ratios. Secondly, these ratios will be interpreted to evaluate the current performance of the company with its historic figures of prior three years. Lastly, all these ratios will be compared with Cosmetics and Beauty Industry average and its competitor L’Oreal in 2012. Table # 1 Summary of Key Financial Ratios of Estee Lauder Estee Lauder Financial Ratios | RATIOS | (MRQ)2012 | FY 2011 | FY 2010 | Industry | L’Oreal SA. | Profitability Ratios % | | | | | | Gross Profit Margin | 80.40% | 78.01% |†¦show more content†¦The growing number shows that the company is running better than before. The ratio of 8.82% in 2012 indicates that for every dollar of sales generated, Estee Lauder retains 8 cents in earnings. However, the margin is below the industry average (10.75%) and competitor L’Oreal (11.99%). Estee Lauder’s return on total assets is upward trend. Compared to the industry average (1.83%), Estee Lauder is performing better, and more efficient than other companies in the industry. The high return on total assets indicates that the company is investing wisely and is likely profitable. Return on equity ratios measure the percentage of profit earned on common stockholders’ investment in the company. As the table shown, Estee Lauder is increasing on its return on equity. There is a significant success on Estee Lauder because the ratio 13.32% is almost ten times greater than the industry average and double the L’Oreal ratios. This indicates that for every dollar of shareholder’s equity, Estee Lauder is earning returns of 13 cents. Estee Lauder performs well in return on equity, which means the company is really well on reinvesting earnings to generate additional earnings. Return on invested capital is used to assess a company’s efficiency at allocating the capital under its control profitable investments. Estee Lauder is trending upward form 15.33% to 21.78%. Besides that, it is much greater thanShow MoreRelatedEstee Lauder Case Analysis by Fred David 12th Edition1045 Words   |  5 PagesCase Background Està ©e Lauder Companies was a technologically advanced, innovative company which gained a worldwide reputation for elegance, luxury and superior quality. Està ©e Lauder Companies, Inc. which founded in 1946 is a U.S manufacturer and marketer of skin care, cosmetics, hair-care and fragrance products. The company’s headquarters are in Manhattan, New York City. 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It is a manufacturer and marketer of four cosmetic product lines, which include skin care, makeup, fragrances and hair care products in the world. In U.S. prestige cosmetics category, Estee Lauder Companies has a market share of about 46 percent. In 1948, Estee Lauder established their first department store account with Saks Fifth Avenue in New York. During the nextRead MoreEstee Lauder : A Global Leader Essay1813 Words   |  8 Pages Estee Lauder has been a global leader in the beauty industry since the late 1940’s. Their astounding attention to detail and priority to transformative products and experiences help individuals express their own sense of beauty. Estee Lauder is a company that solely focuses on high quality make up, skin scare, fragrance and haircare with a globally diverse portfolio of 25+ brands sold in 150 countries. Their desire to constantly push the boundaries of what their clientele expects isRead MoreEstee Lauder4843 Words   |  20 PagesStrategy Analysis I. Company Introduction Founded in 1946, the Està ©e Lauder Companies, Inc. is one of an American corporation in New York City. Està ©e Lauder is a manufacturer and market of four cosmetics product lines: skin care, make up, fragrances and hair care products. By integrating â€Å"High-Touch† aspect into all day-to-day business activities, this technologically advanced, innovative company has gained a worldwide reputation for elegance, luxury and superior quality. Each of the company’sRead MoreEstee Lauder6308 Words   |  26 PagesEstee Lauder Companies, Inc. 1.0 Overview (Chronology) Estee Lauder, the founder of what is now a major cosmetics empire, started her business with a single jar of face cream that was mixed by her uncle, a chemist. Today, based in New York City, Estee Lauder is a manufacturer and marketer of four cosmetics product lines, like skin care, makeup, fragrances, and hair care products. These products are sold in over 130 countries and territories under different brand names, such as Estee Lauder, MACRead MoreEstee Lauder Case 1 Analysis2757 Words   |  12 PagesExternal Audit 5 Opportunities Threats 5 Competitive Profile Matrix (CPM) 6 External Factor Evaluation (EFE) Matrix 7 Internal Audit 8 Strengths Weakness 8 Financial Ratio Analysis 9 Internal Factor Evaluation (IFE) Matrix 10 SWOT Matrix 11 SPACE Matrix 12 Internal External Matrix 13 Recommendations 14 Case Abstract The Estee Lauder Companies Inc. engages in the manufacture, marketing, and sale of skin care, makeup, fragrance, and hair care products worldwide. It offers skin care productsRead MoreEstee Lauder Inc.9371 Words   |  38 PagesContents 1 INTRODUCTION 2 2 SITUATION ANALYSIS 3 2.1 General Environment—PEST Analysis 3 2.2 Industry Environment 4 2.2.1 Industry Definition and Overview 4 2.2.2 Competitors Profile 4 2.2.3 Porter’s Five Forces 6 2.2.4 Critical Success Factors 7 2.3 Company 7 2.3.1 Financial Analysis 7 2.3.2 Product Mix 10 2.4 Problem Identification 11 3 SWOT 12 4 STRATEGY FORMULATION 13 4.1 Strategy Formulation 13 4.2 Target Market 15 4.3 Product Mix Changes 19 4.3.1 Product 19 4.3.2 Price 20 Read MoreEstee Lauder9709 Words   |  39 PagesEstee Lauder Study Case Estee Lauder CASE STUDY ANALYSIS STRATEGIC MANAGEMENT (MGT 658) Prepared by: ACKNOWLEDGMENT Alhamdulillah, first of all we would like to thank ALLAH S.W.T as finally we were able to finish our assignments that have been given by lecturer to us. 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Ancient Greek Mythology Essay Free Essays

Greek Mythology is a group of teachings and myths that were originated by the ancient Greeks, when they were trying to understand the origin of things in the sky and on earth. This myth was a big part of the religion of the Greeks. Hesiod offers the theogony, which tells of the dealings with the creation of the world, and the origin of the gods, titans, and giants. We will write a custom essay sample on Ancient Greek Mythology Essay or any similar topic only for you Order Now Athena, also called Athene, was a goddess of many things like wisdom, and courage. She was born to Zeus and Metis in Mount Olympus. She was fully grown and wearing armor from head to toe. Athena is said to be a pre-Hellenic goddess that was taken by the Greeks. Her story shows that the people were looking for closure over wisdom and war during this time. This myth seeks to explain some countless inventions. She has a major influence on today’s culture. For instance, her helmet is featured on the crest of West Point Academy, as well as represented the first branch of the United States Army just for women. Although there are many different stories of how Athena came to be, most known one is that Zeus swallowed Metis and Athena sprang from his head. Because she is the goddess of many things, Athena is featured on many modern crests, was praised by the Greeks in their time, and was supposedly the origin of many great inventions. Although classical Greek culture was during the period of the 4th and 5th centuries, ancient Greek culture and myths are tremendously influential in many aspects like, language, politic, educational system, philosophy, science, the arts, and the gods. For instance, our country is a democracy. Democracy is said to originate from Greece. Not only that, we use the gods and goddesses in our everyday life. Athena’s helmet is featured on the West Point Military Academy crest. Her head is represented on the first branch of the United States Army that is for women. Hellenic polytheists worship the Greek gods, olympians, nature divinities, underworld deities, and heroes. Hellenic religion is any systems of beliefs and practices of the ancient Greeks during the Hellenic period and the Roman Empire. Religion was very important to the Greeks because they believed that religion would make their lives better. This Hellenistic world was made after conquest that went from India to Egypt and took about 20 to complete after Alexander the Great’s death. (Hellenistic Culture) Athena was born to Zeus and Metis, at Mount Olympus, fully grown and wearing full armor from head to toe. Athena is said to be a pre-Hellenic goddess that was taken from Zeus by the Greeks. There are many different versions of how Athena came to be. Most say that Zeus and Metis conceived a baby girl. Before Metis gave birth, Mother Earth told Zeus that a child born to Metis would one day overthrow his throne. He became worried because that is the same thing he did to his own father. Zeus challenged her in a shapeshifting contest; she turned herself into a fly and taking the advice of Gaea and Uranus, Zeus swallowed her up. A few days later, he started to get dreadful headaches and asked his son, Hephaestus, to take an axe and crack his head open.(Temple) Some versions say that Palamon and Hermes helped Zeus give birth. Others regard her to be his daughter, but also as the daughter of Pallas, whom she killed later because he tried to desecrate her chastity. Another that was transplanted to Libya, says that she is the daughter of Poseidon and Tritonis. According to Athena, herodotus became enraged with her father and went to Zeus, who later stepped in as her father. These were regarded more as Hellenistic Myths (â€Å"Athene†) Athena was a goddess of many aspects like wisdom, courage, inspiration, civilization, law and justice, strategic warfare, mathematics, strength, strategy, the arts, crafts, and skill.She was the goddess of arts and crafts because of her spinning and weaving. She was the goddess of war and wisdom because she sprang from Zeus’s head and she was a ruthless warrior. She was very strategic and skilled during warfare. She is often portrayed as the companion of heroes is the patron goddess of heroic endeavour. (â€Å"Athene†) Athena was featured in many heroic stories. One being, when she assisted Odysseus in his adventures. Odysseus and Athena were similar. He was the Greek King of Ithaca just as she was a great goddess. They had some of the same qualities. They were both nondiscriminatory, and clever. When it came to helping Odysseus in the Trojan War, she was there. Other gods didn’t like that he was helping the Trojans. Most of all, she helped him on his way home, because he ran into many obstacles. He was imprisoned by Calypso then, when he escaped, he went sailing through storms, which later resulted in many shipwrecks. He then found himself in trouble with many other gods like, Poseidon and Polyphemus. Athena did not want to make the other gods angry, so she only offered Odysseus wisdom. When he returned safely to Ithaca, Athena helped him disguise as a beggar.(Temple) A less heroic story of Athena, is when she accidentally killed her friend, Pallas. As a young woman, Athena didn’t quite fit in on Mount Olympus. So she went out to find a friend, Pallas. Her new friend was the daughter of Triton, the sea god. The often practiced their combat skills with each other. On time they were doing their session when Pallas took a fatal blow from Athena. Feeling sorrowful, Athena put a statue of Pallas near Zeus’s throne Mount Olympus.(Temple) Athena has a major influence on today’s culture; her helmet is featured on many things of the United States. One being the West Point Academy crest. Her helmet represents her wisdom, while her sword represents a warrior. The seal of California also features her head. It symbolizes the goddess of wisdom overlooking the scene. (Seal of California) The US Women Army Corps shows her head as their insignia. Athena is said to be the origin of many things that make up Greek culture. She made the statue of Pallas that sits near Zeus’s throne. She helped many heros on adventures, like the one with Odysseus. She also has tremendous influence on modern culture. For instance, she is featured on the Seal of California, the U.S. Women’s Army Corp, and the West Point crest. Its is clear that Athena is relevant in both ancient times and modern day culture. She is, many times, the symbol of power, wisdom, and valor. This is what makes her so influential in the world. How to cite Ancient Greek Mythology Essay, Essays

Computerized Inventory System free essay sample

Introduction Technology is dynamic. Todays generation people and other organizations depend and use modern technology. An inventory system is a system used to keep track of a businesss products and supplies. These programs are invaluable tools for most businesses because they are able to complete tasks quickly which would take much longer if done manually. These systems help keep personnel from wasting their time counting supplies and trying to manually determine which products to buy and sell. Manual Inventory System nvolves all concerns within its transactions, on how the staff would be able to maintain the current status of their inventory, whether adding, deleting, and ordering a stock, the manual process consumes too much time for the staff and rigid time to process a transaction. Every year, the demand for the computer based systems for the businesses keeps on growing. Companies have improved their old system for ease of work in accessing files and organizing records. We will write a custom essay sample on Computerized Inventory System or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Converting their old system into a much efficient computerized system, this will have a great effect on the organization; this also helps ase the work to the staff maintaining the inventory. The proponent constructed a study of a system that will help those personnel who are charge in the logistics office to organized and secure the files of the company and to immediately find information of product. Current State of Technology Todays world is constant and rapidly changing due to technology. There is always a new and improved way to do something. Technology is used in some form or fashion in everyday life. Why not prepare our employee to be efficient and better trained for jobs on this nearly computerized environment? There are already so many Jobs that ave been replaced by computers and robots. Why not let our employee contribute to this technical age? Many argue that technology enables us as humans, to be lazy. While that may hold some truth it is better to be knowledgeable and proficient in this area rather than being left behind. Company is no longer limited to simple reading, writing and arithmetic. The use of technology has expanded the prospect for education, giving us never ending possibilities. Therefore, technology deserves significant company attention in order for employee to possess technological survival skills. Computerized Inventory System By zhes-abina

Fundamental of Nursing

Question: Discuss how you will develop a teaching plan to meet the learning needs of your patient? Answer: Delegation and evaluation The registered nurse (RN) should determine if her facility policies and state law permit her to hand over the particular task. The RN should also understand if this particulate task lies within the RN practice scope in her state (Potter Perry, 2001). The RN need to be licensed and capable of performing the task they hand over and also that particular task should be authorizes as detegatable by the care facility and UAP can carry out. If the task can be delegated the UAP are not allowed to carry out independently. For example, the hospital may permit the UAP to administer enema but only the registered nurse can decide whether she should administer this medicine at a particular time. To make the enema administration more effective the registered nurse should verify whether the UAP is competent to perform this task (TOMARU, NAKAMURA SAITO, 2011). If the task should not have been delegated to a UAP, the registered nurse should arrange for another certified nurse to perform the task or she should perform the task by her. She should schedule her work in a proper way to avoid task overload or time shortage. A teaching plan If a care consumer has obtained proper knowledge about treatment plan that does not assure compliance. Failure to obey the recommended plan is associated with different factors. A proper teaching plan includes identification of associated factors, defining characteristics and set expected outcomes. In this context, a nurse as a teacher should give proper instruction as recommended (Morris Faulk, 2012). Adapt the instruction in the context of what the client feels is the reason of his/her health complication and his/her concerns regarding therapy. Encourage associated other person to eradicate disincentive and increase rewards for compliance, explain community resources and give social support through the self help groups and family members of the patient. References Morris, A., Faulk, D. (2012).Transformative learning in nursing. New York: Springer. Potter, P., Perry, A. (2001).Fundamentals of nursing. St. Louis: Mosby. Tomaru, Y., Nakamura, Y., Saito, M. (2011). Strategic Managerial Delegation In A Mixed Duopoly With Capacity Choice: Partial Delegation Or Full Delegation*.The Manchester School,79(4), 811-838. doi:10.1111/j.1467-9957.2010.02179.x

Action Plan free essay sample

Ymere is one of the largest housing corporations in the Netherlands, active in the Northern Randstad. The organization manages about 82,500 houses, shops and commercial business accommodations, and develops new houses and social property on a large scale. This project, which they are working on, is created to improve the red light district and eventually eliminate any illegal prostitution and drug barons from the area. The idea is to achieve a structural change in this area, the image must change into a high quality and attractive entrance area that reflects the ambitions that Amsterdam has. The municipality of Amsterdam is working on putting the red light district in a different light and therefore is engaging and encouraging other companies that are situated in the area, to do so as well. The commissioning client is the Ymere housing corporation and they are responsible for managing a big building located on the Nieuwezijds Voorburgwal in the Amsterdam city centre. We will write a custom essay sample on Action Plan or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The project group is assigned to create a new concept for an ultimate club experience and because this area is an entertainment centre, Ymere wants to use this building to accommodate a very trendy club where visitors can gain a new and special experience. The concept for this club has to differ from the other clubs located in the area, so no more sex theatres such as â€Å"Casa Rosso† or â€Å"Yab Yum†, but more clubs which offers the visitors a high quality experience such as â€Å"The Supperclub† offers to their guests or â€Å"The (old) Roxy† used to. Knowing more about the assignment and the background of the project means that the project group can focus on the process that follows. We will be brainstorming for a new concept, participating in desk research and participating in field research by visiting two clubs in the Netherlands and two clubs virtually abroad. When the research is done the project group will document everything in a written advisory report for the commissioning client. In this report we will advise the commissioning client on an innovative concept for The Ultimate Club Experience. The advisory report will consist of several parts: 1. The professional supply and demand analysis 2. The observation assignment 3. Development of the concept (the brainstorming stage) 4. Development of the concept 5. English summary The advisory report will be presented and explained to the commissioning client, the consultant and tutor by the members of the project group, in a presentation. Project Objective On Friday 23 December the project group will have produced an Advisory Report consisting of a professional supply and demand analysis, the observation assignment, development of the concept including the brainstorming stage and a summary. These products are based on the creation of The Ultimate Club experience that will be located on the Niewezijds Voorburgwal. In week 2 of the year 2012 we will present our concept clearly and concisely to the commissioning client and give an advice on the realization of the club experience based on our research outcomes and arguments. Project Delineation The project group will prepare an extensive analysis on the supply and demand side of club experiences in Amsterdam and come up with ideas that fill the gap in the supply. The project group will do desk research and also field research regarding the same matter by making research observations on the consumers (gender statistics, the degree of satisfaction, etc. ) and set up interviews with club managers in order to get a better insight into the supply. The project group will not make contact with the consumers, for example through surveys or questionnaires.

Impact of Globalization on Mexicos Trade Relations with the USA Essays

Impact of Globalization on Mexicos Trade Relations with the USA Essays Impact of Globalization on Mexicos Trade Relations with the USA Essay Impact of Globalization on Mexicos Trade Relations with the USA Essay Impact of Globalization on Mexicos Trade Relations with the USA Due to its all-encompassing nature, globalization has different implications for countries economies, politics, and cultures based on the level of their level of development. For instance, the effect of this phenomenon on the United States of America as a developed country might be drastically different than on its neighbor Mexico, who is only developing. Globalization has led to intensification of the trade relations between the USA and Mexico. Despite the rough beginnings, when jobs were lost, low-quality products dumped from one country to another, and market for local products declined, globalization has ultimately led to the reduction or complete removal of the policy barriers to trade and investment between the partner countries (Dollar 145). However, since the North American Free Trade Agreement (NAFTA) conclusion, both countries have experienced tremendous economic growth. Currently, the United States is Mexicos key trade partner, with 14.5% of the total physical goods imported to the US (Sokoloff and Engerman 217). Thus, this paper will focus on the impact of globalization on the trade relations between Mexico and the US, with specific attention paid to the wage gap through the prism of the Stolper-Samuelson theorem and HeckscherOhlin theorem. Currently, the US and Mexico are protected by NAFTA, which provides them with preferential trading status. These two countries and Canada, the third signatory to the Agreement, are free to move their goods and services to each others territories without significant restrictions. Even though the trade relations have significantly contributed to the economic growth of the US and Mexico, they had a different impact for either party due to their differing comparative advantages. The US export to Mexico has increased by more than 500%, from $41.6 billion in 1993 to $231 billion in 2016, while Mexicos export to the US increased by 640% between 1993 and 2016. The trade balance of the US and Mexico in merchandise had a significant surplus of $59.0 billion. On the other hand, the service sector has also registered a significant increase in trade value between the two countries, albeit lower than merchandise (Williamson 117). Globalization had a negative effect on most of developing companies in Mexico. For example, some of the products that were formerly manufactured in Mexico lost their place in the American market, and their prices declined significantly because the US was able to import from China at a lower price. With the loss of the market, many people lost their jobs while private entrepreneurs suffered losses in revenues. For example, farm workers lost their jobs, and it took a lot of time for the farmers to shift to other cash crops. The US has a comparative advantage, and only 5 million jobs in the US depended on the Mexican trade, while only 1.29 million people were employed in Mexico on the basis of bilateral trade relations between the two countries (Bernanke n.p.). Mexico has leveraged its comparative advantage in many areas such as labor costs and land. The US has shifted manufacturing and other labor-intensive production to other countries, including Mexico, where labor costs are lower, thereby creating jobs in the respective country. Therefore, Mexico has benefited from new jobs and capital investments, which has ultimately led to rapid economic growth and development. The US has also benefited Mexico regarding capital and knowledge (Bailey, Goldstein, and Weingast 309). Nevertheless, with the outsourcing jobs to developing countries, American middle class lost jobs as they could not compete with the low-cost labor from countries such as Mexico and China. With the lower skilled workers in developed countries losing jobs to Mexico and China, the wage gap increased (Frankel 45). The Stolper-Samuelson theorem states that if the prices of goods or services produced by a country rise or fall, then the cost of the factors of production used intensively in the industry will also rise or fall commensurately. The changes also lead to a fall or rise in the cost of other factors of production (Schonhardt-Bailey 87). Therefore, when the market for the products and the price of the same products fall in the US, the cost of the factors of production such as labor in Mexico also fall, while the cost of other factors of production rises. This means that with the decline in the price of Mexican products, the labor cost falls leading to an increase in the wage gap (Elliott 1). The comparative advantage enjoyed by trading partners can be attributed to the fact that they can produce certain goods at a lower opportunity cost than other economic actors. However, the HeckscherOhlin theorem suggests that countries such as Mexico only imported goods that used its scarce resources intensively and produced the goods for which they have abundant resources. The US is a capital abundant country and has the capacity to export the capital intensive goods, while Mexico is a labor abundant country that exports the labor intensive products. In this case, globalization and international trade can be considered as a self-compensating mechanism for which countries produce what they are good at for export at lower labor cost, and import capital intensive goods at lower cost. However, the HeckscherOhlin theorem is based on the assumption that the two trading partners are identical despite the difference in resource endowment, which is not the case and may only be accurate if la bor is categorized into skilled labor (US) and unskilled labor (Mexico). In conclusion, as a developing country, Mexico has experienced a more negative impact of globalization than the USA, which is a developed economy that can afford to make choices regarding trade and labor without experiencing a trade balance deficit. Mexico, even having gained in know-how and investments, has experienced sudden losses of jobs due to businesses closing and the USs choice to outsource labor from China, which is cheaper. Thus, it is evident that globalization can be somewhat detrimental to a developing economy, but with neighboring countries willing to cooperate on an ultimately mutually beneficial basis, a developing country can show significant growth. Bailey,M., Goldstein, J., and Weingast, B. R. .The Institutional Roots of American Trade Policy: Politics, Coalitions, and International Trade. World Politics 49, 3 (April 1997) pp. 309-338. Bernanke, B. Global Economic Integration: Whats New and Whats Not?. Speech at the 30th Annual Economic Symposium, Jackson Hole, WY, 2006. Dollar, D. Globalization, Poverty, and Inequality since 1980. World Bank Research Observer 20, 2, 2005 Elliott, K. Big Sugar and the Political Economy of US Agricultural Policy. Center for Global Development Brief, April 2005. Frankel, J. Globalization of the Economy. In Nye, Joseph and John Donahue (eds.) Governance in a Globalizing World, Visions of Governance Project. Washington, DC: Brookings Institution Press, 2000. Schonhardt-Bailey, C. Free Trade: Repeal of the Corn Laws. In Frieden, Jeffry A., David A. Lake and J. Lawrence Broz (eds.), International Political Economy. 5th Edition. New York: Norton, 2009. Sokoloff, K. L. and Engerman, S. L. History Lessons: Institutions, Factor Endowments, and Paths of Development in the New World. Journal of Economic Perspectives 14, 3, 2000. Williamson, J. G. Globalization and Inequality: Past and Present. World Bank Research Observer 12, 2 ,1997,