Time Value of Money Paper Research Example | Topics and Well Written Essays - 1000 words

Time Value of Money - Research Paper Example Calculation regarding future values of present values is extremely important when making important investment decisions (Andrew, 1997). A manager who would be uncertain of what would be the future value of his investment today, he would be uncertain whether to take on the investment or not. Suppose, a manager takes on an investment to invest in a bond that will pay him $ 1000 at maturity at 5% interest. How would he value the investment in terms of today? What is explicitly of importance to the manager is that how much the investor should pay today in order to get that $ 1000 principal at maturity (Brealey, 2005). The investor should use the application of time value of money in order to determine whether the amount that the borrower is asking is appropriate or not. Similarly, an investor might want to know that if he deposits a certain sum of money in the bank, then what would be the future value of the payment that he would receive at the relevant interest rate few years from now ( Andrew, 1997). The basic concept I have learnt from this assignment is how to apply the application of time value of money in different situations. Sometimes, we have been given the future value and all information and we had to find the present value, while sometimes we had been given present value and we had to calculate the future value. In summation, I have learnt the practical application and usefulness of time value of

Investigating the strength of Electrolytic solutions Essay Example for Free

Investigating the strength of Electrolytic solutions Essay Table 1 above shows the raw data of experiment I did to test the strength different electrolytic solutions. Moreover, this data table shows that all solutions except tap water and distilled water have the concentration of 0.5 M. In this table, some solutions’ ammeter reading has different uncertainty and multimeter setting. This is because solution like hydrochloric acid has high amp, so I had to set multimeter setting at 300mA in order to measure the ammeter reading of hydrochloric acid accurately. On the other hand, solution like distilled water has extremely low amp, so I had to set multimeter setting at 0. 3mA in order to measure the ammeter reading of distilled water accurately. Hence, varying in uncertainty of reading in each solution because as 1 reading, for example, if measured at setting of 300mA, is 5 amp per reading but if measured at 0.3mA, it is read as 0.005 amp per reading. 2.1. Data Processing Neutral Table 2 is a processed data of experiment on investigation of the strength of different electrolytic solutions. I included average of the data about strength of each electrolytic solution to make the data table clearer. Furthermore, I also included standard deviation of the data, to summarize the spread of values around the mean. Lastly, I added additional information about these solutions, whether if they are acidic, basic or neutral solutions. 3.1 Conclusion and Evaluation 3.1.1. Conclusion: To conclude, the background information that was given to me by the instructor states that stronger acidic or basic solutions are stronger electrolytes than those of weaker acidic, basic or neutral solutions. Referring to Table 2, which is a processed data of acquired data from this experiment, it provides the information of solutions whether if they are acidic, basic or neutral. In addition, it shows that stronger acid and base tend to have higher ammeter reading and weaker acid and base or neutral solutions tend to have lower ammeter reading. For example, hydrochloric acid, which is a strong acid, transferred mean reading of 47amp, whereas acetic acid, which is a weak acid, transferred mean reading of 0.92amp. Therefore, the results I got through experiment yield to the background information given by the instructor. (NakanishMasaki) 3.1.2. Evaluation: Everytime I finished experimenting with one solution three times, I thoroughly washed plastic container and 2 carbon electrodes with tap water, which made direct contact with the solution while testing, and dried them with paper towel. The purpose is to avoid errors in results by preventing mix of preexisting solutions with another kind of solution. Moreover, since the fluctuation of the value that multimeter presented made hard for me to decide what to write as the data, whenever I fully connect complete electrical circuit, I waited for 15 seconds for the fluctuations to ease down. Finally, when I was performing experiment on calcium hydroxide (Picture 1), I mixed it by stirring with the glass pipe in order to uniformly spread the substance that was deposited on the bottom of the solution, so I can get uniformly mixed calcium hydroxide. I did my best to cover up the weaknesses of lab equipment, but there still are some weaknesses still which were present throughout the lab, and it might have varied the data I collected. First of all, in order to follow the written instruction from the instruction sheets given, I had to wash equipments that made direct contact with the solution everytime I’m changing the solution that I will perform experiment upon with distilled water, but due to the lack of distilled water, I washed them with tap water instead. Second of all, I am not sure if 15 seconds were enough time for the fluctuations of the value to settle, or maybe it was too much time. Last of all, whenever I finish mixing the calcium hydroxide, I have to transfer the solution to the smaller beaker for measurement, but it takes time to do that and the substance might have been settled down within the calcium hydroxide solution. Therefore, there were some errors that prevented me from collecting the best results. Improvements can be made by providing each candidate, like me, with better lab equipments such as more advanced multimeter. Also, enough distilled water so I can wash equipments with it to follow the original instructions given. Works Cited 1. http://www.chemguide.co.uk/physical/acidbaseeqia/bases.html 2. http://pubs.acs.org/doi/abs/10.1021/ac60144a032 3. http://goto.glocalnet.net/ibweb/homepagelink.htm

The Impact of Peer Pressure On Learning :: Peer Pressure Essays

Allan failed his Advanced Algebra test and his parents are going to kill him. But this is not his fault, he was to busy with intramural basketball and his job at Fromm International. With these extra activities he has had no time to study for his math test or do most of the homework. He also has a group of friends who are more concerned with drinking and parting. He try’s to impress his friend by not studying and partying. The main reason why kids and him are not doing so well in school these days is because of their peers. Today’s students listen more to their friends rather than their parents or teachers. Beyond the Classroom and two other sources have backed up the idea of peer pressures effects on kids failing. The book Beyond the Classroom, written by Laurence Steinberg, is about why school reform has failed and what parents need to do. This book explains that schools these days are not as educational as schools back in the day. One of the chapters in this book was titled â€Å"The Power of Peers†. In this section they talked about how teens are effected by other teens. One main reason is teens are not studying and learning as well because of their peers. Kids need groups or â€Å"cliques† to fell important. These groups of peers influence one another. If one kid in the group tells another kid not to do their homework because it will make them look like a geek or a nerd, they will follow the idea because they want to be cool. Also kids involved in sports or extra activities do not do as well as other students, because of the less time to study. Also kids with after school jobs are more likely to fail courses or even classes. â€Å"These kids are not failing school because they don’t try hard or because they don’t study, it’s because they are to involved in other activities†, says Laurence Steinberg. The second source was an article in Family Life. The article â€Å"Adolescence & Peer Pressure† was written by Herbert G. Lingren. This article agreed with Beyond the Classroom and also states some of the same reasons. They said that â€Å"peers these days encourage poor school performance, and peers look down on kids who succeed in school†. The one scary thing is that parents don’t realize that their kids are doing poorly in till the last minute.

a building that I love Essay -- Free Essay Writer

My family lives in a detached house located in a cosy suburban neighbourhood in Vantaa. The building stands on a modest hill surrounded by mostly detached, but also by semi-detached and terraced houses. The altitude provides us with a magnificent view over a nearby valley and makes our own house look massive and very impressive indeed – almost monumental. We have a spacious garden and a private driveway. Judging by these facts you might think that our home is just another catalogue house of a fairly wealthy middleclass family. The building has, however, gone through various, more or less painful phases before eventually reaching its current unconventional structure. The house was originally a wooden cottage with no modern facilities whatsoever and a muddy yard serving as a paddock for pigs and sheep. My parents were looking for a suitable detached house to buy, saw this tiny cottage and fell in love with it instantly. Whatever possessed them, I do not know. Perhaps they were amazed by the fact that such idyllic smallholdings (or more accurately horrible dumps) could actually be found in a mere 25km radius from the centre of Helsinki. My own theory is that both of them, in some strangely twisted way, saw the cottage as a challenging and interesting adventure instead of a livelong working camp which it ultimately turned out to be. This was fifteen years ago and we are still renovating. My parents decided to expand the cottage by building a separate house next to it. Being a ...

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With vast referencing to Allah in the various stories compiling The Arabian Nights, comparison of story to the teachings of the Quran are a warranted article for evaluation.   In the introductory story, Story of King Shahryar and His Brother, the King discovers his wife to be an adulteress and decides to bestow upon her punishment by execution. With his brother having suffered the same through the actions of his own wife, the king concludes that all women are not to be trusted and that the world would benefit through having a fewer number of them.   As a result of this resolve, he commits to marrying one virgin a night, taking her to his bed, and then having her killed in the morning.   This practice continues for years.   Sura 24, Al-NÃ… «r, of the Quran offers an excellent foundation to discover if the actions in the story coincide with the codes of conduct taught in Islam with respect to women’s role in marriage and in society. Systematically reviewing the Sura, one may conclude that no definitive variation is stated between women’s societal role and that of men.   However, her role of being a woman and what that means in respect to protecting herself and her chastity is addressed.   Instruction is given to men to â€Å"restrain their looks and guard their senses† (24:31-32).   This instruction is given also to women, with the addition of hiding their beauty and adornments from those outside of specified individuals, stating that the beauty and adornments of a woman are reserved for her husband. They are not to be concerned with showing themselves to those who either are too young to understand the relationship between man and woman, or individuals outside of the family who have no desire for women (24:31-32).   In the Story of King Shahryar and His Brother, the king’s wives are spoken of as being beautiful.   It does not make reference to how they are dressed, but the impression is made that they are not covered as instructed by the Quran.   This is not to suggest that the failure to cover is cause for their demise, but a simple observation. The actions of the younger brother, King of Samarkand, are an obvious and blatant rebellion against Islamic rule in accordance to Sura 24.   While the witnessing of a wife committing adultery by the husband alone is evidence for punishment, he must â€Å"bear witness four times in the name of Allah that he is telling the truth, and a fifth time that Allah’s curse be upon him if he lies† (24:7-11).   This younger brother took it upon himself to kill his wife, and mentioned nothing of the situation to anyone until he spoke of it to his brother some time later.   Though the eldest King, King Shahryar, was not the sole witness to his wife’s sin, his punishment of murder is not the instructed penalty. However, it is not this murder, but the many that took place daily thereafter, in conjunction with the terms of arrangement, which pose such a contradiction to Sura 24.   A man and a woman are to be arranged in marriage (24:33-35).   Again, this reflects equality between the sexes, as both are under the same instruction.   In the story, this arranged marriage is seen routinely between the King and his nightly bride.   The difference being that in the story, these women were given to him out of fear by their families.   This marriage arrangement was by the king more so than by the woman’s controlling figures. There are similarities between Story of King Shahryar and His Brother and the Quran, however, the differences are more severe.   It would be an act of ignorance to take any of the stories from The Arabian Nights and use them as an indicator of Islam and the teachings of the Quran.   This story did not accurately reflect what a marriage is in Islam, nor did it make reference to a woman’s role either in marriage, in society, or in self.   The story depicts a woman as somebody who can be assigned and given away much in the way you would assign or give away material property.   Such a story does not echo the lessons of Islam found Sura 24, or of Islam as a whole. References Burton, R. (1850). The Arabian Nights Khan, MZ. (1997) The Qur’an: Arabic text with a new translation by Muhammad Zafrulla KhanI. Brooklyn: Olive Branch Press

To B or Not to B

To B or Not to B To B or Not to B To B or Not to B By Maeve Maddox English words ending in the spelling -mb occasionally give English learners difficulty. The error arises in trying to pronounce the final b. Some of these words derive from originals that included the b sound and spelling. Some, however, had the unnecessary, (sometimes called the parasitic), -b added after the words were in common use. Here are some -mb words that come from roots that included the b as part of the spelling. bomb [bÃ… m]- noun meaning an explosive device. From Italian bomba, possibly from Latin bombus, a buzzing or booming sound and Greek bombos deep and hollow sound. climb [klÄ «m] verb meaning to ascend. He climbed the stairs. He climbed the cliff face. As a noun it means an ascent. It was an arduous climb. Climb is from the Old English verb climban. comb [kÃ… m] noun (OE camb) meaning a toothed implement. As a verb it means to perform the act of running a comb through hair. It is also used figuratively to mean examine with care. She combed (or combed through) the files, looking for evidence. dumb [dÃ… ­m] (OE thumb; ON dumbr) meaning mute. The modern sense of stupid was influenced by German dumm, stupid. jamb [jÄÆ'm] (Old French jambe, side post of a door) Ultimately from words meaning leg, a jamb is an upright piece of wood or other material that forms the side of a door, window, or other opening. lamb [lÄÆ'm] This word for a baby sheep retains its OE spelling. plumb [(plÃ… ­m)] The noun refers to a heavy object (usually a lead weight) tied to a string, used by builders to establish a vertical line. Plumb comes into English by way of Old French from the Latin word for lead [lÄ•d]:plumbum. (In case you ever wondered about the abbreviation for lead on the Periodic Table, now you know.) As a verb plumb can mean to make a wall straight, or determine the depth of something. It is used figuratively in the sense of examining something closely. Ex. He plumbed the depths of his soul. tomb [tÃ… «m or toom] a noun meaning a place of burial. The verb is to entomb. It came into English from French. At first the b was pronounced, but fell silent at some time in the 14th century. womb [wÃ… «m or woom] the uterus. From OE wamb or womb meaning belly or uterus. The following words had the -b added to them after they had been in use without it. crumb [krÃ… ­m] a small piece of something; from OE cruma. The verb crumble derives from OE gecrymman to break into crumbs. The -b may have got into the act by analogy with the French word humble. limb [lÄ ­m] OE lim could mean the branch of a tree or a body member. The final -b began to appear on the word in the late 1500s. numb [nÃ… ­m] The adjective numb, meaning devoid of feeling, comes from the OE verb niman, to take. In 1440 the word existed as nome, taken, seized. A person who had been taken with shock or cold couldnt feel normally. The unnecessary -b attached itself to the word during the 17th century, giving us numb. thumb [thÃ… ­m] This word for the short fat digit that enables us to pick up things comes from OE thuma. The -b got attached to the word about 1290. morewords.com/ends-with/mb/ Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Spelling category, check our popular posts, or choose a related post below:45 Synonyms for â€Å"Food†A While vs Awhile20 Slang Terms for Law Enforcement Personnel

Should You Avoid These Top 10 LinkedIn Profile Overused Buzzwords

Should You Avoid These Top 10 LinkedIn Profile Overused Buzzwords LinkedIn has released its annual report on the Top 10 Overused LinkedIn Profile Buzzwords of 2013. This year they analyzed only English-language profiles. As you read this year’s list, consider for each term whether it’s one you should avoid due to overuse, or whether it’s simply an essential word to have in your profile. As I look through the buzzwords, I find I have a different opinion on each one. Here’s the list: Responsible Strategic Creative Effective Patient Expert Organizational Driven Innovative Analytical RESPONSIBLE Responsible is a word I have banished from resumes and LinkedIn profiles for years now. I think it must have risen to the top as other overused buzzwords such as â€Å"extensive experience,† â€Å"results-oriented,† â€Å"proven track record† and â€Å"team player† have been shaved off most people’s profiles. Avoid using â€Å"responsible† in your profile – it doesn’t tell anyone about what you actually did! I’m hoping that the appearance of â€Å"Responsible† on LinkedIn’s list will shrink its appearance on resumes. STRATEGIC I’m frankly shocked that strategic just appeared on the top 10 list for the first time this year. I believe its emergence as #2 is a testament to the importance of the word. When your job includes strategic planning you must use this word, since it is central to your business role. If you claim you are a strategic thinker, however, be sure to include examples of that thinking and the results it has produced. CREATIVE Creative ranked #1 last year and is #3 now. I don’t love this word and rarely use it. â€Å"Creative† describes people more than accomplishments and is better left for other people to say about you. Anyone can say they’re creative but the challenge is to prove it. Instead of relying on this buzzword, attach photos and PowerPoints showing your work; provide links to your writing; and describe the ways in which you’ve done things that other people have not. EFFECTIVE Effective, which moved from #3 to #4 this year, is a throw-away word in my opinion, often easily avoided by reporting actual results. If you got your intended results, your strategy was effective. PATIENT Patient? I’m not sure why this word is suddenly on the top 10 list. I’d say scrap it. Patient is a trait you need to demonstrate, not claim on a piece of paper. EXPERT Everyone’s claiming to be an expert these days. If you can truly demonstrate expertise in a particular area, I think it’s okay to use the word (of course this is coming from a woman who calls her company The Essay Expert!) I believe some people might search for terms like â€Å"E-Learning Expert† or â€Å"Turnaround Expert† ; if they do, you want to have the word â€Å"Expert† in your headline and job titles. My caveat would be not to claim you are an expert if you’re really not. Be honest or someone could easily call your bluff. ORGANIZATIONAL Organizational first appeared on the buzzword list as #2 in 2011 and kept its ranking in 2012; it has slipped to #7 but is still on the list and I can understand why. Most LinkedIn members are mid- to upper-level managers and executives, for whom organizational goals are extremely important. I think this buzzword is here to stay, at least for a while, and I see no problem with using it. DRIVEN Driven has started to replace â€Å"Results-oriented† as a favorite descriptive word. Take note of its overuse and see if you can provide examples that show your drive instead of calling yourself â€Å"driven.† If you would use this word as one of the top three adjectives to describe yourself, you might choose to keep it in your profile. But know that it will be taken with a grain of salt. INNOVATIVE Innovative is a persistent one. It was #2 on the list in 2010, #7 in both 2011 and 2012. Honestly this word is a hard one to eliminate if you are in any sort of product marketing or management role. It’s better than â€Å"original† or â€Å"creative† in my opinion. If you need to use it, use it. But make sure to explain *what* was innovative about your ideas. Don’t just say â€Å"innovative† and think that explains something. ANALYTICAL Finally, analytical is a word that you might need to use if you’re in marketing, finance, or any profession for which analysis is critical. Only claim to be analytical if analyzing things makes your heart sing and is central to the work you do. WHAT’S NEXT? For the first time this year, I have a vision of a world where the top 10 buzzwords on LinkedIn are not â€Å"overused,† but instead rank as the important words in business for the year. Let’s cut away the fluff and drill down to the essentials. Anyone with me? Buzz Buzz! Category:Archived ArticlesBy Brenda BernsteinDecember 16, 2013 2 Comments Seth says: December 17, 2013 at 2:16 am Im an analyst, with off-the-charts analytical skills. May I use it? Log in to Reply The Essay Expert says: December 17, 2013 at 8:22 am Id say you dont have much of a choice Seth! There would be a big problem if you *didnt* use this word! Log in to Reply

How to Conjugate Agir (to Act) in French

How to Conjugate Agir (to Act) in French As you continue to learn French, you may want to use the verb  agir, which means to act. Conjugating this French verb to match the subject and tense of a subject is actually quite easy because it is a regular verb. This quick French lesson will show you exactly how to do that. Conjugating the French Verb  Agir It is necessary to conjugate French verbs so they make sense in the context we wish to use them. We cannot simply use  agir  anytime we wish to say something or someone is acting or has acted. Instead, we need to change the ending of the verb and this is called conjugation. The good news is that  agir  is an easy one to conjugate. It follows the typical pattern of  regular  -ir verbs  to tell us which ending to use. This makes learning the conjugations for similar verbs rather easy. In the case of  agir, you can use the chart to discover the proper form to use based on the subject pronoun the I, he, we, etc. which are j, il, nous in French and the tense required. For instance, to say I act, you would say jagis in French. Subject Present Future Imperfect j' agis agirai agissais tu agis agiras agissais il agit agira agissait nous agissons agirons agissions vous agissez agirez agissiez ils agissent agiront agissaient Agirs Present Participle The  present participle  of  agir  is  agissant. Its a very useful conjugation as it can act as a verb, meaning acting, or you can utilize it as an adjective, gerund, or noun. Another  Past Tense of  Agir Its likely that you will use the  passà © composà ©Ã‚  for the past tense rather than the imperfect in many instances. Its even easier with a verb like  agir  because theres no need to worry about the subject as all instances use the same form of  agir. In order to use the  passà © composà ©, you must first conjugate the auxiliary verb  to match the subject. For this verb, we use  avoir.  You will also need the past participle, which is agi. To put these pieces together, if we want to say I acted, it would be jai agi in French. Likewise, we acted is quite simply nous avons agi. You will note that ai and avons are the conjugates of our auxiliary (or helping) verb  avoir. More Conjugations of  Agir Among those conjugations above, you should be familiar with the present, future, and  passà © composà ©. The other forms, as well as those below, will be used on occasion. While its not necessary to memorize them, you should be aware of them. The subjunctive is a verb mood that is used when the action is undecided. Likewise, the conditional verb mood is used when the action is dependent on conditions it may or may not happen. The last two columns contain the  passà © simple and imperfect subjunctive of the verb  agir. These forms are used in formal writing. Subject Subjunctive Conditional Passà © Simple Imperfect Subjunctive j' agisse agirais agis agisse tu agisses agirais agis agisses il agisse agirait agit agà ®t nous agissions agirions agà ®mes agissions vous agissiez agiriez agà ®tes agissiez ils agissent agiraient agirent agissent The final conjugation of  agir  that you need to be concerned with is the imperative. This is another mood verb form that is used on occasion. The catch here is that you do not need to use the subject pronoun. Instead, it is implied in the imperative verb.   For instance, instead of tu agis you can simply use the verb  agis. Imperative (tu) agis (nous) agissons (vous) agissez Expand Your Understanding of  Agir Not only is  agir  a regular verb, it is also an impersonal verb. This means that it can be used in the impersonal form of  sagir de  which means to be a question of or to have to do with. Also, when you want to say to act like you will need to use the proper preposition. For  agir, that would be  agir en.

Media Reaction Project Essay Example | Topics and Well Written Essays - 1000 words

Media Reaction Project - Essay Example The report objective is to investigate whether race played any role or influenced administration of capital penalties to defendants. Racial bias is not constitutionally right and should be eradicated at all cost possible. The paper main focus is correlated to the racial profiling and prosecution as taught earlier in the semesters. The paper focuses on the judgement that was mainly influenced by the race of the defendant in the case of Furman Vs the state of Georgia. In this dissertation, we mainly base on the case of Furman and try to figure out the unfair justice that was administered to him by the Jury. Furman indeed committed a crime as he had entered in a private home without permission most probably to steal. Unluckily for him, one of the family members of that house while stealing found him in the act. He wanted to run away but on his attempt, his gun tripped and fell down. The weapon was stuck it went off shooting the family member. The state treated the case as homicide instead of manslaughter base on the circumstatences that he murder occurred. Furman was guilty even before the case started and he was sentenced to the death by the famous Georgia death penalty for homicide. Furman was mentally ill and a black American. He had five votes for him and four votes against him. Instead, the court decided to apply other statutes an act that was unconstitutional. The court never considered the fact that Furman was not sane this reveals the poin t of racial discrimination in the case. He was not given chance for a fair trial for the logical thing was for the judge to instruct that a medical examination be carried out on him and determine the state of his mind to stand trial. I decided to use the case of Furman as it has solid evidences that show that the prosecution judged against him was unfair. Analyse the jury decision in totality, how the voting was done and their concluding

Microplex Essay Example | Topics and Well Written Essays - 2000 words

Microplex - Essay Example If the company directors know it, they can stop any body from purchasing the land by convincing peter not to sign for it. But here the problem is not about purchasing land but the amount owed to Burkes and Wills and the clause that it was a heritage land and cannot be used for private commercial purposes. Here there was a provision in the corporate act (2001) to get enough time by applying for compensation. Microplex can get compensation from the Katrina family for deliberately hiding the legal tangles bebind the land scape (water front) they wanted to purchase from them. If they get the compensation then they can successfully get rid of burden of Burkes and Wills. If they did not get it they can get at least time for settling the legal tangles in Babinda trust and get credit from them to pay the dues of Bukes and Wills. The company can approach court according to the following provisions. (1) If the information in the application for a market licence in Australia contains information about the proposed compensation arrangements according to paragraph 881B(2), the minister can be compelled to treat the application as a thing for approval of the compensation arrangements and, for that action, he must consider the proposed arrangements were adequate. (3) When it was felt by the minister that the proposed compensation ar... (3) When it was felt by the minister that the proposed compensation arrangements are adequate the minister can grant the licence. But while granting the licence the minister must approve the compensation arrangements. Note: The other provisions about granting licences are in Subdivision A of Division4 of Part7.2. (4) The minister must follow the following in the conditions of licence. He must deal with the least amount of cover required in relation to the compensation arrangements in such manner as the minister thinks appropriate and He can identify the source of funds available to cover the claims and he can approve arrangements on the basis of them. (section 885H) 882B How to get compensation arrangements approved after licence is granted (1) There will be operators of licenced market. It any one of them wanted to have a compensation arrangements for the market approved after the granting of the licence, the so called operator should apply for approval according to the provisions of this section. (2) The application must: funish the information regarding and relevant to the compensation arrangements proposed. Those must be the arrangements required by regulations made for purposes about this paragraph and must accompanied by a copy of the proposed compensation rules and (b) can be made to the minister through lodging the application with the help of ASIC. Note: For fees in respect of lodging applications, see Part9.10. (3) The minister has a right or rejecting the application if he consider that the proposed compensation arrangements are not adequate according to the things mentioned in the law. (4) If the above (3) is not the case and if the minister considers the proposed arrangements are adequate then he must: (a) approval of the arrangements of

Creativity in young children Essay Example | Topics and Well Written Essays - 500 words

Creativity in young children - Essay Example The active imaginings of young kids are exceedingly developed and regularly utilized within creativity. Imaginings comes to life as revolutions evolve within play. An early infantile classroom is supposed to encompass opportunities for kids to see and feel beautiful things to offer the inducement for artistic development. Philosophies and models can offer additional ways to comprehend creativity. For instance, the psychoanalytic theory asserts that creativity was the outcome of an involuntary battle between the sensual urges of the individual and the effects of the social principles (superego). Behavioral philosophers have confidence in the significance of support (reward) within scholarship responses to specific stimuli. The humanistic concept states that the creative individual is seen as a self-actualized being who utilizes her abilities to develop into a fully operational and psychologically healthy individual. The constructivist notion concentrates on the expansion of reasoning, and that people are active partakers in the creation of their individual knowledge. Additionally, the social constructivist philosophy is constructed on the conviction that knowledge is too composite to be studied within a vacuum. In its place, it is supposed to be studied within the societal and historical framework wit hin which it takes place. (Isbell & Raines, 2013) Creativity is a fragment of the evolving progression via brain development, affective development, which is the thinking procedure, and holistic progress. The practice is affected by the distinctive characteristics that develop from every child. The environment within which the kid resides interacts with specific abilities to create even more distinctions. Consequently, the child has an impact on his surroundings and, in turn, the surroundings affect the kid. The environment contains of individuals, places, objects, along with

Human Resources Management Strategy Research Paper

Human Resources Management Strategy - Research Paper Example HRM mainly focuses on the policies as well as system of an organization. Based on the current human resource management HAAD also focus on the studies of health related behaviors of human along with the studies of diagnostic and preventive measures to avoid the health related problem of emirates of Abu Dhabi and improve their quality and standard of life. HAAD ensures the safety people by implementing strategic plan and the standard principles. The management of HAAD also provides good facilities to the staff members in order to improve their performance and to provide the best health care services to people of Abu Dhabi. The management of HAAD also communicates regarding the safety and security of staff along with patients to prevent the health regarded issues (Mazrouei, 2008). The facilities, which are provided by HAAD, should be abided by the decisions of Research Ethics Committee for greater effectiveness. The investigators of HAAD should have relevant qualification as well as experience on the relevant field to conduct the research related to the health care services and make it effective. The HR managers or HR professionals play the most important role in the improvement of the organizational structure of HAAD and achieve the objective of HAAD by ensuring the safety of life of emirate of Abu Dhabi (Khadamat, 2007). The HRM policies of HAAD are effective as it provides proper policies for effective health measurement. SWOT analysis is a planning method to assess the strengths, weaknesses, opportunities and threats related to the management of an organization. This is an important aspect to determine the effectiveness of HAAD towards the local communities by providing healthcare measures. The objective is to develop healthcare for preventing diseases and provide adequate support to people of Abu Dhabi. Strengths of current human resource management of HAAD is that it provides better facilities to employees to

Financial Portfoli analysis & technical analysis ( risk ) Essay

Financial Portfoli analysis & technical analysis ( risk ) - Essay Example However procuring more capital through bond issue is likely to enhance the risk position of the business (Carter & Van Auken, 1990). The returns earned by the firm on the share prices are seen to be highly fluctuating. Returns on equity are also seen to be lower than the returns on bond. This indicates that the company pays off a large amount of its year end profits as interests to bondholders. As a result of the earnings available to shareholders becomes less. It also implies that the company does not earn adequate levels of earnings to cover both interests and tax related expenses. Considering the returns which the form provides to both the shareholders and the investors of bond, majority investors would prefer to invest in the bonds of the company (Reilly & Brown, 2011). Standard deviation essentially measures the deviation from the mean value. In case of the standard deviation values for the equity and bond, it is preferred that the results remain high. When the standard deviation values are high, it would indicate that the returns provided to the shareholders and bondholders are high. From the tabulated results it can be seen that the standard deviation value of returns provided to share holders are lower than the returns provided to the bondholders, indicating that investing in bonds is likely to be more profitable. Variance analysis is essentially the analysis of mean values. The higher the variance, it is predicted that the average value of the data set is high. In case of the variance calculated for the Emirates National Bank PJS stock and bond, it is seen that variance costs in respect of bond are higher than stock. Both covariance and correlation co efficient are adequately low for the company. This is due to the vast difference in the mean values of both the data set procured for stock and bond returns. From the overall analysis it is understood that investing the company’s bond would be more profitable

Human Resources Management Strategy Research Paper

Human Resources Management Strategy - Research Paper Example HRM mainly focuses on the policies as well as system of an organization. Based on the current human resource management HAAD also focus on the studies of health related behaviors of human along with the studies of diagnostic and preventive measures to avoid the health related problem of emirates of Abu Dhabi and improve their quality and standard of life. HAAD ensures the safety people by implementing strategic plan and the standard principles. The management of HAAD also provides good facilities to the staff members in order to improve their performance and to provide the best health care services to people of Abu Dhabi. The management of HAAD also communicates regarding the safety and security of staff along with patients to prevent the health regarded issues (Mazrouei, 2008). The facilities, which are provided by HAAD, should be abided by the decisions of Research Ethics Committee for greater effectiveness. The investigators of HAAD should have relevant qualification as well as experience on the relevant field to conduct the research related to the health care services and make it effective. The HR managers or HR professionals play the most important role in the improvement of the organizational structure of HAAD and achieve the objective of HAAD by ensuring the safety of life of emirate of Abu Dhabi (Khadamat, 2007). The HRM policies of HAAD are effective as it provides proper policies for effective health measurement. SWOT analysis is a planning method to assess the strengths, weaknesses, opportunities and threats related to the management of an organization. This is an important aspect to determine the effectiveness of HAAD towards the local communities by providing healthcare measures. The objective is to develop healthcare for preventing diseases and provide adequate support to people of Abu Dhabi. Strengths of current human resource management of HAAD is that it provides better facilities to employees to

Intro to Business Assignment 1 Coursework Example | Topics and Well Written Essays - 250 words

Intro to Business Assignment 1 - Coursework Example Discussion 1: Topic B The industries that the Internet has transformed are TV, Music and retail industry. TV and music industries are bringing most of their broadcast online. Especially the Music industry has gone upfront on the internet via peer-to-peer technology, downloading websites and streaming websites like youtube.com where users can download, stream and listen to the live music an watch the video. The retail industry has been carrying out most of their operations online where customers and the channel partners have been given access to the retail website where they can view their respective commodities. Customers can go online and customize their orders according to their liking after seeing the goods available on the website. Thus the internet has brought in an element of ease and comfort for the users. The hassle, of going to the store/outlet and seeing the commodity and purchasing it, could avoided. Customers can sit at their homes and with a click they can order the comm odities they want. The internet has been improving the operations of these industries because it provides a paperless environment and where the transactions can be carried out on real time basis.

Initial Public Offerings Paper Essay Example for Free

Initial Public Offerings Paper Essay In order for a company to build their business, many pursue to either merge with another company or acquisitions from another company. Another option a company should consider when building their business is to make an Initial Public Offering. An initial public offering is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity (Know Finance., n.d.). Microsoft, Apple, and Samsung have stepped into the stock market by their IPO. These strides are what it takes to raise money and what roles help the company begin an IPO. Most corporations agree to an initial public offering with an investment banking firm by acting in the capacity of an underwriter. An investment banker is a person who works in a financial institution that primarily goal is to raise capital for companies, governments and other entities (Investopedia, n.d.). An underwriter is a person that provides several financial services that includes helping with assessing the value of shares and establishing a public market for first sales (Investopedia, n.d.). An underwriter responsibility is allotting securities issued to the public. There are several risks that are involved in a public offering. Initial public offering stocks is one of the risks involved in public offering (Financial Web, 2014). This is sometimes called going public because the stock is offered first to the public. Share, the risks of the company, can sometimes be profitable, but a risk too. An investor, shareholder, or individual may be at risks if they invest their money within a company that is going public for the first time (Financial Web, 2014). Pricing of good is one of the risks that are involved in a public offering. Pricing goods too high or too low is not acceptable in the public offering. Investors and shareholders will not invest in a company if there are any issues with the pricing. A firm and their investors will lose money their money if the price of goods is priced too low. This may cause investors to pull out of the firm corporation (Financial Web, 2014). Loss of income and revenue may sometimes make the underwriters hold the inventory and additional funds. Long holding period and lack of information are other risks that are involved in a public offering. Lack of information may cause investors to pull out of the firm because the firm failed to provide all of the documents and files. Long holding period may cause a decrease in stock price. The  U.S. Securities and Exchange Commission (SEC) protects the investors, maintain fair, efficient markets, orderly, and facilitate capital formation (Bridge Capital Inc., 2014). The SEC deals with industries by monitoring, managing the terms of sales by preliminary prospectus and setting rules and regulations for companies. Preliminary prospectus is when the company and the securities are issues to the firm. A firm will have provided their income statement, balance sheets, its current activities, and other documents that provide information about the firm. The Litigation Reform Act of 1995 (PSLRA) was put in act to increase the success in private litigation for securities fraud. References: Initial Public Offering (IPO) | Know Finance. (n.d.). Retrieved from http://www.knowfinance.com/ipo/ Investment Banker Definition | Investopedia. (n.d.). Retrieved from http://www.investopedia.com/terms/i/investmentbanker.asp Underwriter Definition | Investopedia. (n.d.). Retrieved from http://www.investopedia.com/terms/u/underwriter.asp Financial Web. (2014). Retrieved from http://www.finweb.com/investing/therisksofinitialpublicofferingstocks.com Bridge Capital Inc. (2014). Retrieved from http://bridge.com

Solving Large Systems of Linear Simultaneous Equations

Solving Large Systems of Linear Simultaneous Equations NICOLE LESIRIMA METHODS OF SOLVING LARGE SYSTEMS OF LINEAR SIMULTANEOUS EQUATIONS PROJECT DESCRIPTION Linear systems simulate real-world problems using applied numerical procedure. The main aim of this project is to consider what factors affect the efficiency of the various methods of solving linear simultaneous equations. So far, one of the main factors is rounding errors that can produce inaccurate solutions. Moreover, MATLAB programs have been produced to time the calculation speed to determine the efficiency of the methods. Generally, these methods are subdivided into two; direct and iterative methods. Direct methods are commonly used to solve small systems of equations. The iterative methods are used to solve real-world problems that produce systems of equations for which the coefficient matrices are sparse. The relevance of studying these methods have its real world applications. The real world applications can be seen in various fields such as science and engineering, accounting and finance, business management and in operational research. The approach provides a logical framework for solving complex decisions in a wide range of industries. The advantage is that, decisions are founded on data analysis. Environmentalists and meteorologists may use large systems of simultaneous linear equations to predict future outcomes. For instance, to predict weather patterns or climate change, a large volume of data is collected over a long span of time on many variables including, solar radiation, carbon emissions and ocean temperatures. Queen Mary University of London (2015). This data is represented in the form of a transition matrix that has to be row reduced into a probability matrix that can then be used in the prediction of climate change. The objective of an enterprise is to maximize returns while maintaining minimum costs. Whereas the use of large systems of simultaneous linear equations may provide a basis for evidence based business decision making in an enterprise, it is important to know which linear systems are most appropriate in order to minimize undesirable outcomes for an enterprise. PROJECT REPORT OUTLINE Chapter 1 Introduction Large systems of linear simultaneous equations are used to simulate real-world problems using applied numerical procedure. The real world applications can be seen in various fields such as science and engineering, accounting and finance, business management. The approach provides a logical framework for solving complex decisions in a wide range of industries. The advantage is that decisions are founded on data analysis. The aim of this project is to explore the efficiency of a large systems of linear simultaneous equations in the optimal decision making of an enterprise. Chapter 2 Direct Methods: Gaussian Elimination and LU Factorisation Direct methods of solving linear simultaneous equations are introduced. This chapter will look at the Gaussian Elimination and LU Factorisation methods. Gaussian Elimination involves representing the simultaneous equations in an augmented form, performing elementary row operations to reduce the upper triangular form and finally back substituting to form the solution vector. LU Factorisation on the other hand is where a matrix A finds a lower triangular matrix L and an upper triangular matrix U such that A = LU. The purpose of this lower triangular matrix and upper triangular matrix is so that the forward and backward substitutions can be directly applied to these matrices to obtain a solution to the linear system. An operation count and computing times using MATLAB is calculated so as to determine the best method to use. Chapter 3 Cholesky Factorisation Introduction to the Cholesky method. This is a procedure whereby the matrix A is factorised into the product of a lower triangular matrix and its transpose; the forward and backward substitutions can be directly applied to these matrices to obtain a solution. A MATLAB program is written to compute timings. A conclusion can be drawn by comparing the three methods and determining which is the most suitable method that will produce the most accurate result as well as take the shortest computing time. Chapter 4 Iterative Methods: Jacobi Method and Gauss-Seidel This chapter will introduce the iterative methods that are used to solve linear systems with coefficient matrices that are large and sparse. Both methods involve splitting the matrix A into lower triangular, diagonal and upper triangular matrices L, D, U respectively. The main difference comes down to the way the x values are calculated. The Jacobi method uses the previous x values (n) to calculate the next iterated x values (n+1). The Gauss-Seidel uses the new x value (n+1) to calculate the x2 value. Chapter 5 Successive Over Relaxation and Conjugate Gradient Other iterative methods are introduced. The Successive Over Relaxation method over relaxes the solution at each iteration. This method is calculated using the weighted sum of the values from the previous iteration and the values form the Gauss-Seidel method at the current iteration. The Conjugate Gradient method involves improving the approximated value of xk to the exact solution which may be reached after a finite number of iterations usually smaller than the size of the matrix. Chapter 6 Conclusion All the project findings and results are summarised in this chapter. Conclusion can be made from both direct methods and iterative methods whereby the most accurate method with the shortest computing time can be found. Drawbacks from each method will be mentioned as well its suitability for solving real world problems. PROGRESS TO DATE The project to date has covered the direct methods of solving simultaneous equations. Gaussian Elimination This involves representing the simultaneous equations in an augmented form, performing elementary row operations to reduce the upper triangular form and finally back substituting to form the solution vector. For example, to solve an mxn matrix: Ax = b The aim of the Gaussian elimination is to manipulate the augmented matrix [A|b] using elementary row operations; by adding a multiple of the pivot rows to the rows beneath the pivot row i.e. Rià ¢Ã¢â€š ¬Ã‚ ¬Ãƒ ¢Ã¢â€š ¬Ã‚ ¬Ãƒ ¢Ã¢â€š ¬Ã‚ ¬Ãƒ ¢Ã¢â€š ¬Ã‚ ¬Ãƒ ¯Ã†â€™Ã‚   Ri +kRj. Once the augmented matrix is in the row echelon form, the solution is found using back substitution. The following general matrix equation has been reduced to row echelon form: This corresponds to the linear system Rearranging the final solution is given by For all other equations i = n 1, . . ., The operation count and timing the Gaussian Elimination was performed. The total number of operations for an nxn matrix using the Gaussian elimination is with O(N3). LU Factorisation This is where a matrix A finds a lower triangular matrix L and an upper triangular matrix U such that A = LU. The purpose of this lower triangular matrix and upper triangular matrix is so that the forward and backward substitutions can be directly applied to these matrices to obtain a solution to the linear system. In general, L and U is an m x n matrix: L =   U =   For higher order matrices, we can derive the calculation of the L and U matrices. Given a set of n elementary matrices E1, E2,†¦, Enapplied to matrix A, row reduce in row echelon form without permuting rows such that A can be written as the product of two matrices L and U that is A = LU, Where U = En†¦E2E1A, L = E1-1 E2-1†¦En-1   For a general nxn matrix, the total number of operations is O(N3). A Matlab program has been produced to time the LU Factorisation. So far, this method has proven more efficient than the Gaussian Elimination. Cholesky Factorisation This is a procedure whereby the matrix A is factorised into the product of a lower triangular matrix and its transpose i.e. A = LLT   or    =      The Cholesky factorisation is only possible if A is a positive definite. Forward and backward substitution is employed in finding the solutions. The method was also timed at it can be concluded that it is the most effective and efficient direct method for solving simultaneous equations. The indirect methods have been introduced with a short outline of what each method entails. Work Still to be Completed       As from the objectives layed out from the terms of reference, the following are the objectives that are yet to be completed. Week 13 16: Evaluating the convergence rate of the iterative methods in detail as well as finding out which method improves the solution efficiency.   Production of MATLAB programs analysing the different methods and other methods. Over the next 3 weeks, the conditions for convergence will be analysed. One of the most important conditions that will be studied is the spectral radius. This is a condition applied on the indirect methods to determine how fast or slow a method takes to achieve the state of convergence. Moreover, the project will also produce Matlab programs for the iterative methods and employ the spectral radius on these programs to determine the speed of convergence for large sparse matrices. Weeks 17 19: Introduction to the Successive Over-Relaxation (SOR) method and the Conjugate Gradient method. Successive Over-Relaxation method improves the rate of convergence of the Gauss-Siedel method by over-relaxing the solution at every iteration. While the Conjugate Gradient improves the approximated value of x to the exact solution. Matlab programs will be produced for the two methods together with the speed of convergence of different sizes of matrices. Week 20 24:Writing the findings and conclusions of the report, finalising on the bibliography and doing a review of the project as a whole.   Preparing oral and poster presentation.

Prelude to Beowulf´s Last Fight :: English Epics Literature Anglo Saxon Essays

Prelude to Beowulf ´s Last Fight The Old English epic Beowulf depicts Anglo-Saxon warrior culture where fate (wyrd) governs the actions of the hero. Beowulf, now over seventy years old and king of the Geats, has earned his respect and glory on the battlefields as a great warrior. The honorable old king has ruled for fifty years, and according to the author, "he was a wise king, an old guardian of the land" (Norton, 55), when the dragon attacks Beowulf's Hall, assaulting Geats at night. The dragon - "the worm" - as he is referred to sometimes by the poet, while guarding the treasure in the depth of his cave, is awakened by a slave who steals the cup from his hoard. The dragon, being greedy, is infuriated: "the hoard-guard waited restless until evening came; then the barrow keeper was in rage: he would requite that precious drinking cup with vengeful fire."(Norton, 56) The treasure, that is now guarded by the worm, once (over three hundred years ago) belonged to a tribe of great warriors. Many have died over the years on the battlefields; only one, the Last Survivor, has escaped the terrible fate, and so he speaks: " War-death has taken each man of my people, evil, dreadful and deadly, each of those who has given up this life, the hall-joy of men. I have none who wears sword or cleans the plated cup, rich drinking vessel. The company of retainers has gone elsewhere†¦ There is no harp-delight, no mirth of the singing wood, no good hawk flies through the hall, no swift horse stamps in the castle court. Baleful death has sent away many races of men." (Norton, 56) Parallel to this speech is the ubi sunt passage from Old English poem "The Wanderer." The old warrior, the wanderer or, as the poet calls him, "the earth-walker," who has lost his comrades in the battles, talks about the loneliness of exile and the aimlessness of war: "Where has the horse gone?

Arthur Asa Bergers Analysis of Cheers Essay -- essays research papers

"Cheers" - A Semiotic Analysis by Berger   Ã‚  Ã‚  Ã‚  Ã‚  In Arthur Asa Berger’s essay, he conducts a semiotic analysis of the comedy television show "Cheers." In his analysis of the show he points out many characteristics that refer to semiotics. Even though one could not agree with all of his findings, many of them are reasonable. One discrepancy someone might have with his ideas is that he applies his analysis to simply one episode rather than the entire series. Berger could have been able to conduct a more thorough examination if he used the whole series as a basis for his semiotic analysis. There are many examples Berger uses to explain his point.   Ã‚  Ã‚  Ã‚  Ã‚  One such example Berger uses is the instance about the signs. He states that there is more than one significant meaning of the word â€Å"cheers.'...

Dell Supply Chain Management

Research Publication Date: 12 November 2010 ID Number: G00208603 Case Study for Supply Chain Leaders: Dell's Transformative Journey Through Supply Chain Segmentation Matthew Davis Faced with ever-changing customer needs, product commoditization, unique global requirements and new, low-cost competitors, Dell embarked on a three-year journey to segment its supply chain response capabilities. The company designed its supply chains based on a mix of cost optimization, delivery speed and product choices that customers value, while aligning internally across all functions to execute against this vision. Key Findings Dell's market and business strategies changed, requiring the company to move from a single supply chain to a customer segmentation supply chain approach. A unified, cross-functional business strategy with collaborative, decision-making processes across sales, marketing, product design, finance and supply chain is essential for segmentation. Segmentation is enabled by a cost-to-serve (CTS) methodology to dynamically allocate costs to business decisions, highlight net profitability and drive the right actions for each supply chain. Supply chain segmentation is a multiyear journey enabled by the development and alignment of organizational skills to the needs of the journey's different phases. Recommendations Start with segmentation of your company's customers and channels to understand the different demand rhythms and cycles. Focus on decreasing the time required to sense or shape changes to end-customer demand. Begin the design of your supply chain portfolio by isolating and quantifying costs of an end-to-end supply chain that optimizes for operational efficiency. Repeat this analysis for supply chains that require different supply chain responses (for example, agility rather than efficiency). Use a clear set of goals to align cross-functional metrics and incentives to your portfolio in order to drive the right business decisions for each supply chain.  © 2010 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. or its affiliates. This publication may not be reproduced or distributed in any form without Gartner's prior written permission. The information contained in this publication has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information and shall have no liability for errors, omissions or inadequacies in such information. This publication consists of the opinions of Gartner's research organization and should not be construed as statements of fact. The opinions expressed herein are subject to change without notice. Although Gartner research may include a discussion of related legal issues, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner is a public company, and its shareholders may include firms and funds that have financial interests in entities covered in Gartner research. Gartner's Board of Directors may include senior managers of these firms or funds. Gartner research is produced independently by its research organization without input or influence from these firms, funds or their managers. For further information on the independence and integrity of Gartner research, see â€Å"Guiding Principles on Independence and Objectivity† on its website, http://www. gartner. om/technology/about/ombudsman/omb_guide2. jsp Refine and govern your supply chain portfolio continually by establishing crossfunctional review processes between sales, marketing, product design, finance and supply chain. Publication Date: 12 November 2010/ID Number: G00208603  © 2010 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Page 2 of 11 WHAT YOU NEED TO KNOW Dell revolutionized supply chain management with its direct model, configure-to-order (CTO) manufacturing, just-in-time inventory model and impressive cash-to-cash conversion cycle. The company has been a staple in the top five of the AMR Supply Chain Top 25 every year since it started in 2004. But demand for commoditized products, changes in customer channel preferences, emerging market growth, component cost declines, a more capable supply base and globalization have challenged the singular supply chain. In this case study, Gartner examines Dell's period of transformative change as it segmented customer requirements to create a portfolio of supply chain capabilities that provided multiple offerings focused on cost efficiency, speed to customers, choice of features and personalization and/or services. We follow the journey from the perspective of key leaders within Dell's supply chain transformation: Annette Clayton, VP of global operations and supply chain; Jennifer Loveland, disruptive strategy senior manager; Perry Noakes, director of global business excellence and lean; and Bruce Raven, global supply chain optimization senior manager. CASE STUDY Introduction Dell responded to changes in the market by determining how different segments of customers derive value from its products and services. The company's analytics showed customer demand had become quite complex. The B2B market demands predictability, speed, customization, services and precision delivery. Consumers want multiple channel options, the ability to personalize for niche products, low-price options and devices that deliver content. This complexity will only increase as content and virtualization begin to drive the market. To address these issues, Dell segmented its supply chain as part of a multiyear transformation (see Figure 1). Publication Date: 12 November 2010/ID Number: G00208603  © 2010 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Page 3 of 11 Figure 1. Dell Supply Chain Evolution Source: Dell (November 2010) Historically, Dell was organized by products and/or region. As part of globalization, the company aligned organizations to customer value consistently across regions. In 2008, it began to leverage its partner network of suppliers where capability, quality performance and cost had improved. Dell would retain its in-house network where strategic differentiation was valued by customers and provided a competitive advantage. This work was a precursor for and an enabler of supply chain segmentation. In this research, we review the â€Å"Customer Value — Segmented Supply Chain† portion of Dell's transformation. The Challenge Dell had three main challenges to solve in end-to-end segmentation: Long-term demand sensing to continually refine its portfolio — Dell's direct model provided extensive customer insights, with over two billion online customer visits per year. But the company also had to figure out how to predict where the market was headed, define a three-year outlook of customer needs and support multiple global customer groups. Supply chain design for a new environment — It had to address a changing business strategy, product commoditization and proliferation, emerging markets, global supply networks and multichannel sales and fulfillment. Publication Date: 12 November 2010/ID Number: G00208603  © 2010 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Page 4 of 11 Complexity reduction — Dell had to carve out an end-to-end, â€Å"low-cost† supply chain focused on efficiency, while maintaining its responsive heritage provided by its CTO capability. This required simplification of product designs, configuration management and planning processes. Approach The transformation moved through six different phases, resulting in a governance process focused on continued improvement and portfolio evolution: Identify Customer Values Dell used historical customer knowledge from contracts, survey results, business intelligence (BI) data and platform sales to begin its customer-centric view of value. To provide a robust, outsidein perspective, Dell invested in resources to complete detailed configuration profitability analysis, targeted surveys and external marketing insights from multiple industries. Understand Dell's Strengths As Mr. Raven stated, â€Å"We had to figure out what we needed to change and what we needed to retain based on what customers value. We were trying to identify what skills would be most important for long-term supply chain excellence. † The company identified the following core competencies: deep customer relationships, supply chain agility and a lean culture that continually improved and automated processes. Understand the External Environment An external perspective was provided through partnerships with Dr. David Simchi-Levi (then professor of engineering systems at Massachusetts Institute of Technology), Dr. John Gattorna (then a visiting professor at Cranfield School of Management), cross-industry leaders and various consulting firms. According to Ms. Clayton, â€Å"The perspective of looking outside in is extremely important. We learn from who we believe is doing things best from a variety of industries. † Dell's competitive analysis focused on price points by configuration, new market entrants, such as tablets and smartphones, emerging market requirements and supply chain services. Chart Clear Course and Benefit With a good understanding of customer requirements and the direction of the market, Dell began to design the new supply chain portfolio. It started by defining the supply chain extremes of agility and efficiency (see Figure 2). Publication Date: 12 November 2010/ID Number: G00208603  © 2010 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Page 5 of 11 Figure 2. Chart a Clear Course: Align Product Strategy to Customer Values Source: Dell and Dr. David Simchi-Levi (November 2010) This basic framework was the first step in creating a range of supply chain capabilities. The key was to define the right number of supply chains to fill the gap between most efficient and most agile. Dell went through an extensive exercise to complete this analysis. The company defined 18 potential options, and then simplified to six supply chains. The final result was a portfolio based on a mix of configurations predetermined by Dell and products configurable by customers, paired with â€Å"need it now,† planned and flexible delivery cycle times. Dell also aligned the warranty and services processes to its new portfolio for complete, end-to-end customer solutions. Engage the Entire Organization Segmentation of Dell's supply chain required extensive cross-functional collaboration: IT transformation had to occur in tandem with supply chain transformation, supply chain had to work with finance to enable a CTS methodology and process, and supply chain capability had to be fully integrated with product design throughout the development cycle. Plus, aligning the go-tomarket plans with sales and marketing was essential to driving the desired demand patterns. Continue to Govern and Refine Portfolio The result of Dell's customer channel and supply chain segmentation was the creation of an endto-end model in which multiple capabilities can be arranged in unique configurations to satisfy specific customer requirements (see Figure 3): Publication Date: 12 November 2010/ID Number: G00208603  © 2010 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Page 6 of 11 Figure 3. Engage the Entire Organization: Transformation Is End to End Source: Dell (November 2010) Dell used the â€Å"voice of the customer† value chain to identify the range of capabilities it would need in different functions. The different combinations of these capabilities is what creates the unique supply chain offerings. The company created a standard process to introduce new supply chain requirements. It has a dedicated center of excellence (COE) that intakes requirements from sales, marketing and operations, evaluates the customer benefit and business strategy, and then enables the right changes within product development and supply chain design. Critical to this effort is continuous improvement that utilizes lean methodologies to maintain a focus on what the customers value and conducts benchmarking to provide an outside-in perspective. Results Dell's transformation yielded both financial and qualitative gains: Stronger connection to customers — In Ms. Clayton's words, â€Å"We knew we had to leverage supplier capability and scale, but still control the things that are most important to the customer. We redeployed our resources focused on controlling imaging, delivery and parts of design. We enable best value solutions †¦ giving the customer the exact value they want. † Complexity reduction — Product options had become too complex. In response, Dell reduced configuration complexity in line with customer requirements. As Mr. Noakes stated, â€Å"Product offerings had exceeded customer requirements and were adding unnecessary cost and responsiveness waste in the supply chain. † Improved internal collaboration — Identifying and managing functional interdependencies have driven collaboration across product design, supply chain, marketing, sales and finance. Dell also simplified interactions by centralizing global operations, while aligning to customer verticals. Publication Date: 12 November 2010/ID Number: G00208603  © 2010 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Page 7 of 11 Cost reduction — â€Å"We have realized approximately $1. 5 billion of operational cost reductions between 2008 and 2010. This transformation was a critical factor in that reduction,† said Ms. Clayton. Key drivers in this improvement were leveraging supplier capability and scale, building out new capabilities for the customer, simplified design and reductions in complexity. Improved forecast accuracy — The reduction in complexity and better connection to demand resulted in a three-times increase in forecast accuracy at the product, platform and configuration levels. Critical Success Factors Dell identified four critical success factors: Start with customer value — Historically, customers were segmented by verticals (e. g. , consumer, corporate, government and small business) as well as regions and size. Dell had to look across an aggregated view of these existing groupings to identify shared values relating to product features and supply chain capabilities. A global view was critical to this process. As Mr. Noakes stated, â€Å"[Our] growth markets are not in traditional regions. We need to adjust our model to the new requirements. † A unified, end-to-end business strategy — The Dell team stated this effort was â€Å"truly a corporatewide transformation. † Key to this was the ability to clearly articulate the need for change, the vision and the role of different organizations. To support this communication, several leaders started an internal blog to keep people up to date. Executive sponsorship — The segmentation strategy and potential benefits were shared with the entire executive leadership team to drive cross-functional alignment. Vice Chairman Jeff Clarke was the sponsor of the effort throughout design and implementation. Ms. Clayton added, â€Å"We conduct a weekly, cross-functional executive production governance [meeting] where we spend two-thirds of our time on the future quarters and one-third of our time on how our current quarter plan is being executed. Our planning has become much more unified and strategic. † Dedicated COE — Dell identified 12 key work streams. Each has a VP sponsor, with small teams coordinating and program-managing the change. The company also integrated lean techniques to look across work streams, with four to five value streams to ensure the customer needs were being met by the proposed changes. Lessons Learned According to Mr. Noakes, â€Å"Dell's industry-leading supply chain history has given us the skills to be agile and flexible. It's this history that provides the framework and skills to reach the next levels of success and supply chain leadership. † Five lessons are critical for this evolution: Implementation of Supply Chain Segmentation Is a Journey Dell recognized that the scope of this change would require a multiyear plan and investment. The company set short-term goals to show traction against the overall plan. A key component of the strategy was to pilot capabilities manually, while designing the automated, scalable solution in parallel. This allowed quick wins to build momentum and mitigated risk during the transformation. Publication Date: 12 November 2010/ID Number: G00208603  © 2010 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Page 8 of 11 Different Skills Needed Throughout the Journey Dell had to adapt the following COE skills: Phase 1: vision/design — The skills required are an outside-in perspective focused on customers, knowledge of market and other industries, end-to-end supply chain design and business acumen. Phase 2: change management — The skills required are process design, lean/Six Sigma expertise, data analytics, systems optimization, process automation, program management, organizational influence and communication. Phase 3: orchestrating the ecosystem — Phase 3 denotes a continuously evolving organization focused on translating customer eeds to supply chain capabilities by coordinating and influencing internal and external partners. Cross-Functional Participation Very Necessary Communication across organizations can be difficult, so messages must be tailored to each group. As Ms. Loveland stated, â€Å"The broader the span of communications, the more simplified the message needs to be. † For example, Figure 3, which mapped the portfolio, was simplified when shared across functions (see Figure 4). Figure 4. Engage the Entire Organization: Target Messages by Organization Source: Dell (November 2010) To ensure long-term, cross-functional collaboration, Dell integrated supply chain design into existing product design processes and created a phase-gate review process to standardize future changes to the supply chain. â€Å"Phased releases drive step-function improvements, rather than constant adjustments,† said Ms. Clayton. Finally, metrics across all functions were aligned to the goals of the supply chain portfolio. Transparency of Data Essential Dynamic visibility to customer requirements, demand, cost, materials, forecasts, product road maps, revenue mix and multiple views to margin are required to drive the right decisions. Publication Date: 12 November 2010/ID Number: G00208603  © 2010 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Page 9 of 11 A Balanced Scorecard With Clear Accountability Required Ms. Clayton said, â€Å"We are now able to better balance customer metrics with operational metrics. We're aligned to customer value. For example, we can even provide better ‘green' solutions for customers by balancing logistics nodes with cycle times to take advantage of low-carbon transportation and packaging methodology. The key for Dell is that end-to-end segmentation is an ongoing, evolving journey. Optimization is never done, but rather continuously realigned to changing customer values. RECOMMENDED READING â€Å"Supply Chain Segmentation on the Increase, With High Tech Leading the Pack† â€Å"Supply Chain Strategy for High-Tech Manufacturers: The Handbook for Becoming Demand Driven† â€Å"Supply Chain Segmentation Helps Plexus Evolve From Contract Manufacturer to Pr oduct Realization Partner† â€Å"Top Supply Chain Planning Processes† â€Å"Key Issues for Cross-Industry Supply Chain Leaders, 2010† Publication Date: 12 November 2010/ID Number: G00208603  © 2010 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Page 10 of 11 REGIONAL HEADQUARTERS Corporate Headquarters 56 Top Gallant Road Stamford, CT 06902-7700 U. S. A. +1 203 964 0096 European Headquarters Tamesis The Glanty Egham Surrey, TW20 9AW UNITED KINGDOM +44 1784 431611 Asia/Pacific Headquarters Gartner Australasia Pty. Ltd. Level 9, 141 Walker Street North Sydney New South Wales 2060 AUSTRALIA +61 2 9459 4600 Japan Headquarters Gartner Japan Ltd. Aobadai Hills, 6F 7-7, Aobadai, 4-chome Meguro-ku, Tokyo 153-0042 JAPAN +81 3 3481 3670 Latin America Headquarters Gartner do Brazil Av. das Nacoes Unidas, 12551 9 ° andar—World Trade Center 04578-903—Sao Paulo SP BRAZIL +55 11 3443 1509 Publication Date: 12 November 2010/ID Number: G00208603  © 2010 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Page 11 of 11

Assessing the Functionality of New York Time Square and the People’s Square Shanghai

Drumhead In this essay, the urban layout, relationship with the street, triangulation, personal individuality and imposter infinites are discussed with a position to better understand the urban context of the New York Time Square and the People’s Square Shanghai ( Renmin place ) . With the adjutant of Google map and sing the Renmin place, the recordings could be examined with much truth in order to better understand the operation of the two celebrated squares. Background amazonaws.com/aaimagestore/essays/1016369.001.png" usemap="#awmap1">Frequently nicknamed The Crossroads of the World, Time Square is one of the busiest squares in the universe holding more than a one-fourth million people go throughing at that place daily ( Time Square Alliance,2014 ) . Hosting around 40 million tourers yearly ( Time Square Alliance, 2014 ) , Time Square, was one time, in the late 1890s, badly dominated by illicit activities. However, due to the colony of several celebrated companies like the New York Times ( A position on metropoliss, 2014 ) , the country witnessed a important turning over where the metropolis was restructured and while the development continued, communicating with European states established, taking to an exponential hiking in the quality of its urban status. Located in one of the most populated urban territories around the Earth, People’s Square ( Renmin Plaza ) is among Shanghai largest public infinite ( Moore, 2012 ) consisting chiefly of a metro station, municipal council edifices and a karyon like green construction on the boundaries. Once a Equus caballus racing land, the country was converted to a park when the Communist Party was founded in the mid-20Thursdaycentury ( Leo, 1999 ) . Due to its centered location, the square acquired overriding importance for the local administrative authorities where much of the public assemblage every bit good as shows would be launched in this peculiar country. Nowadays, the park hosts several monumental edifices like the Shanghai museum, Shanghai theater every bit good as the celebrated H2O games pool merely to advert a few. Urban Layout New York City adopted a tabula rasa reform to bring forth an extraneous grid form to its layout. Blocks are arranged one after each other which resulted in the formation of both streets and a stiff construction. Extraneous metropolis layout has been adopted since really long clip ago in many portion of the universe. It has of all time since arose tonss of controvertible issues like it looks dull and is non suited for human due to the fact that the appropriate integrating of micro administrations are non promoted good. However, despite designed from a top-down position, the infinites within the extraneous agreement, at a micro-scale degree, generated the right chances for activities in this part to go on. Within the hyper local edifice typologies on site, a assortment of little scale events could be shaped, therefore ensuing in both the zone’s diverseness every bit good as guaranting the long term development of its economic wellness. This organized manner of be aftering lead t o the rational growing of the construction where old and new blocks could unify or interact with each other, ensuing in the catalytic connectivity of the site. Furthermore, the relationship of the stiff grid and the non-grid construction of the metropolis like the Parkss, the diagonal route cutting through it and the mediate infinites every bit good as attendant 1s formed by the variant forms of edifices amplified well the city’s construction where the circulation of both traffic and walkers was guaranteed. With one of the largest urban populations ( City Layout, 2014 ) non merely in China but besides in the universe, Shanghai has undergone a dramatic revolutionisation since some decennaries ago. Consisting about 16 territories, Shanghai chief country is the Huangpu District where the Renmin place lies. Unlike other large metropoliss in China, Shanghai has non adopted the extraneous street layout but instead a more organic attack to the design. One of the chief blessing of the organic development is that it somehow fits human activities every bit good as developments of changing sizes can be carried out with much easiness, a factor which is rather hard in stiff grid design. The Renmin Plaza is surrounded by a twosome of chief roads every bit good as nearby to the intersection point of major metro lines ( 1, 2, 8 ) ( Map of People’s Square, 2014 ) . It is rather noticeable that major place are frequently located near Stationss where they carry out an of import function as civic sp ace-people will instead travel for a walk in the place instead than remaining in the Stationss waiting for the theodolite. However, it is deserving nailing out that, even though the strategic location of the place is a cardinal factor of the urban scene, it remains important of how to primly do the infinite a topographic point instead than obliging people to travel through it. Relationship with the street Relationship with the street is one of the major factors impacting a place. Bing in itself a transitional infinite and has every bit map to construction infinites, the streets find how public or private a part is. New York Time Square is formed by the intersection of many major streets including the Broadway, the Seventh and the 42neodymiumavenues merely to advert a few. What truly add to the celebrity of Time Square is the fact that the streets and the abutting edifices are closely related to each other and works like one system. Most if non all the construction on the place have as first floor commercial shops with Windowss carved into their facade taking to this abstract minute of commune between the passerby and the edifice. This cardinal facet of the urban scene of the place is nurtured by the streets. The avenues on the site provide the transitional infinite where the contact between persons and built environment occurs. The extraneous construction of the New York City give rise to a legion figure of corners. Representing a really of import characteristic in both urban design and architecture, corners trigger the necessary drift for activities to go on and develop. The corners gives people the chance to step back from the heavy prosaic flow and get down a conversation with the environment which may include edifices, passerby, and merchandisers amongst others. Those represent the anterooms which are self-structured and can work on its ain which are the major facets behind the plaza’s great celebrity. The pavement spaces acts as passage infinites. As mentioned before, these infinites operate like accelerators for the communicating of persons with the environing environment. Having a portion of Broadway street turned into a prosaic path, Time Square is seting much accent on this facet as the local governments are under the strong feeling that maximal exposure of the visitants would unusually be good to the plaza’s image. Yet, despite it is a good manner of covering with the state of affairs, no more solutions to better the place has been undertaken. It is really of import to see about the visitants themselves as they are the responsible 1s who renders the images of infinites. In order to control this job, the governments did set some movable chairs on the site with a position to hosting people who wants to hold confabs or rest a small spot. Still, with the huge flow of walkers, sitting in the mid of the way is non a wise determination. Harmonizing to William H. Whyte, people like to sit in an country where they are so portion of the scene go oning on the streets but at least have a little barrier as a separation means ( William H. Whyte, 1980 ) . In the instance of Renmin Plaza, despite the people’s flow is rather similar to the New York Time Square’s one, the street life at Renmin place seems to be rather dull. There is a boundary separating persons from other persons. Even though the adjoining edifices are in good interactions with the pavements, the corners remains a topographic point where people merely wait to traverse the route. In fact, the cutting off of the streets from the place is one of the chief ground behind the low synergistic degree. Many Chinese streets adopted the ‘Boulevard’ type of paths where trees are aligned on both side of the route which gives the semblance to be in a really nice atmosphere while going, but alternatively, it wholly blots the position on the environing constructions. Peoples tend to travel to topographic points which is on their sightlin e. A really good illustration to back up this statement is the deep-set place of Xian Jiaotong-Liverpool University. Design ed to be a topographic point where pupils every bit good as members of the staffs would garner, turned out to be an country where the activity degree is amazingly low. All to state that, although the trees help to cut down the heat island consequence on the streets, it needs to be sagely placed with a position to advancing the relationship of the people with the environment instead than cutting them off. Triangulation Triangulation is the procedure by which external factors, which may or may non be ab initio portion of the urban scene, generate chance for interactions among persons to happen. Changing from human existences to objects like chairs, triangulors are among the chief facets which can assist the societal life in an urban context. The metropolis construction like edifices, streets, place, and mediate infinites, amongst others are non the lone factors doing up the topographic point but besides the people utilizing every bit good as sing it forms up the topographic point. One of New York’s individuality is the skyscrapers which have cardinal societal effects. Acting like memorials, the towers are existent crowd pullers which frequently leads to the interactions of the visitants as shown in figure 6. On the other manus is People’s Square which is aesthetically delighting. The triangulors present on the site are the edifices but chiefly the H2O drama at the cardinal place where the toll of people interacting with one another is truly high. As a affair of fact, even though the metropolis consists of many good designed infinites, the function of triangulors can non be underestimated for it helps people connect with each other without intentionally coercing them to so. Personal Identity The infinite in which an person dwells in is a important factor which determines cultural patterns which accordingly molds the latter’s personal individuality. For illustration, person life in an urban country will hold a different personal every bit good as spacial individuality compared to person who is from a distant rural country. Spatial individuality is going a really delicate factor presents due to globalisation. Many infinites every bit good as topographic points tend to look similar, go forthing behind the topographic point individuality which removes well the background of the country. A good illustration to back up this fact is Shanghai itself. The rich traditional Chinese civilization is now being eluded by western civilizations. The urban scene of the city’s resemble the 1s in New York. Chinese edifices has a strong individualism which is seldom being seen in large metropoliss presents. Many of the edifices is westernized. The People’s Square excessi vely has non been an exclusion of the eluded cultural background. Most if non all the infinites in the Renmin Plaza, while sing them, give the semblance to be in a western state. Having the same constellations of the infinites everyplace, might take in the hereafter, humdrum as it will give the feeling of deja vu, therefore severely impacting the urban infinites. However, sing Time Square, skyscrapers have been since a really long clip ago, a portion and package in the life manner of the American society. Pseudo Spaces Pseudo infinites are those 1s who are available for the populace but merely for certain types of activities or even people. Nowadays, the bulk of public and civic infinites are administrated by metropolis regulations and regulated by constabulary sections. Time Square, though considered populace, allows merely a certain types of activities or single to have. Consequently, it can be concluded that many people whose activities or has a different life manner might non be able to acquire entree to Time Square. One definition for public infinite is an country which one and all can entree. Accessibility to a public infinite does non merely intend to be physically present but besides to interact with the surrounding. However, how public is Time Square? Controlled by the Time Square Alliance, a group policemen guaranting the proper operation of a part, Time Square can non cover with a different type of activity which does non have on the ‘allowed list’ of the security individual s. It can merely cover with physical handiness of a immense prosaic flow. As a affair of fact, Time Square is non truly a public infinite but instead a pseudo public infinite where merely some types of activities are allowed. As for People’s Square, it follows the same manner of Time Square. Police officers every bit good as security camera are installed in every corner of the streets to guarantee the proper behaviour of the passerby. However, there is a difference between how much public these two places are. Harmonizing to the scopes of activities, handiness every bit good as interaction with the environment, New York Time Square can be considered to be more public. Renmin Plaza closes at a certain clip populating the topographic point dull at some point whereas New York Time Square is unfastened on a 24 hr footing doing it more public as people can non merely acquire entree at that place but besides stay for a longer clip period. Decision New York Time Square and People’s Square have both similarities and difference in their several urban scenes. Both extraneous and organic metropolis layout has pros and cons. In fact, several external factors like locations, civilization, economic amongst others are the determiner that indicates which layout might outdo suit a certain metropolis. As for the relationship with the streets, place demands to peremptorily hold a good connexion with them. Many factors like, handiness, sightline, corners, mediate infinites, merely to advert a few shows how successful a place can be. Triangulation excessively is a major facet in planing a square as they can associate the users to the environing environment therefore truly heightening their journey in the unfastened infinite. Furthermore, as the universe is turning into a planetary small towns, many infinites tend to look likewise to the hurt of the valuable ways of making every bit good as civilizations. Many parts in China has non de veloped and inculcated their rich doctrine in their metropolis design, doing the personal individuality of the Chinese society really similar to western 1s. Finally, pseudo public infinites are witnessing an of all time addition in figure since a twosome of decennaries ago. It is true that imposter infinites contribute to the wellbeing of the users and assist to advance the image of a metropolis but they may be regarded every bit discriminatory as non merely a certain type of activities are allowed but besides many people might be rejected as they can non unify with the surrounding. It is deserving observing that although the constructions on site aid to make infinites, it is the users who make them go topographic points. Mentions Time Square Alliance. ( 2014 )Time Square Market facts: Pedestrian Counts [ Online ] . Available at: hypertext transfer protocol: //www.timessquarenyc.org/do-business-here/market-facts/pedestrian-counts/index.aspx # .U27_BkZSwYk ( Accessed on: 1stMay 2014 ) A position on metropoliss. ( 2014 )Time Square: Hisoty [ Online ] . Available at: hypertext transfer protocol: //www.aviewoncities.com/nyc/timessquare.htm ( Accessed on: 1stMay 2014 ) Moore.M. ( 2012 )Travel: Shanghai Biennale: a usher to China ‘s largest metropolis [ Online ] . Available at: hypertext transfer protocol: //www.telegraph.co.uk/luxury/travel/3491/shanghai-biennale-a-guide-to-chinas-largest-city.html ( Accessed on: 1stMay 2014 ) Leo Ou-fan Lee. ( 1999 ) Public Park and Race Club Harvard University Press Shanghai Modern:The Flowering of a New Urban Culture in China1sterectile dysfunction. Havard University, pp 29-30. Anonymous. ( 2014 )City Layout[ Online ] . Available at: hypertext transfer protocol: //www.frommers.com/destinations/shanghai/692768 # sthash.3Di017ef.zViFCHV9.dpbs ( Accessed on: 1stMay 2014 ) Anonymous. ( 2014 )Map of People’s Square[ Online ] . Available at: hypertext transfer protocol: //www.exploreshanghai.com/metro/pedia/station/peoples-square ( Accessed on: 1stMay 2014 ) William H. Whyte. ( 1980 )The Social Life of Small Urban SpacesUndertaking for Public Spaces, New York, Project for Public Spaces Inc

Case study stage q Example | Topics and Well Written Essays - 750 words

Stage q - Case Study Example In addition, the essay also relays policies aimed at to bringing the centre into a 21st century complex hence have a high competitive advantage in the market. Porter’s Five Forces Model Buyer’s Power This is the customer’s ability to purchase the UR UMUC Healthy fitness center’s products at reasonable prices compared to other corporations (Baltzan, 2013). In UR UMUC Healthy Fitness Center, increase of the buyer’s power will significantly boost business’s performance. Therefore, the business will yield to the setting reasonable prices intended to attract large client pool. Supplier power This is the power by suppliers to supply the centre with required quality equipment at a much higher price (Baltzan, 2013). The supplier power brings a neutral impact to the business. The above force is also not vital and ought not to appear among the institution’s strategies. Threat of substitute products or services This brings out how the customers c an switch to the competitors’ services and products at the expense of UR UMUC Healthy Fitness Center merchandise (Baltzan, 2013). This force negatively affects the fitness centre because it reflects to high loss rate in the centre. It is also fundamental to include strategies and policies that attract competitors’ customers to opt for our products and services. ... Yes, it is vital to consider the factor while devising strategies of avoiding competition against UR UMUC Healthy Fitness Center as well as come up with ways of competing with new entrants. Rivalry among existing competitors The intensity of rivalry between competitors is a major determinant of the UR UMUC Healthy Fitness Center’s success (Baltzan, 2013). This factor neutrally affects the centre as UR UMUC Healthy Fitness Center can be the most preferred destination by numerous customers. The force ought to be included in the strategy making process to ensure the centre does not incur major losses due to competition. If the company’s competitors provide quality services and attractive products, the centre is most likely to have higher losses. Porter’s three Generic Strategies are vital in a business to ensure they have attained high competitive advantage (Baltzan, 2013). In order for UR UMUC Healthy Fitness Center to improve and achieve a 21st century standard, I opt to employ the differentiation Strategy. This entails the business should strive to become unique in the market than its competitors (Baltzan, 2013). The strategy also encompasses emphasis on branding, advertising, design, service, quality, and new product development (Baltzan, 2013). For instance, UR UMUC Healthy Fitness Center can be exceptional in providing the best customer service in the industry via studying its client’s behavior. In addition, we can be unique by providing Wi-Fi services in the centre to achieve technological advancement level, hence ensuring the clients feeling the institution not only avails the required necessities, but aids them to be in touch with whom they love or need. The most important business area which UR UMUC Healthy Fitness Center ought to improve is the