Monday, September 30, 2019
Energy Policy in Canada
Each day millions of tons of fossil fuels are being consumed by the world. As most people already energy is the basis of industrial civilization; without energy, modern life would cease to exist. Presently, fossil fuels make up a large portion of present day energy sources. Canada, one of the world's largest industrialized nations uses an abundance energy to support its ever growing society. However, the population of Canada is slowly growing each day and with that the closer demise of fossil fuels. For this reason Canada has implemented an energy policy which in turn is to establish guidelines and standards. In Canada, natural resource ownership is largely controlled by the various national provinces, which are allowed to legislate in the areas of resource development, production control, taxation, and resource extraction. Provincial governments have major responsibility for both the management of resources and environmental protection within their boundaries. The provinces are assisted in varying degrees by private companies in the exploration, development and distribution of natural resources. Because so much of Canadian energy policy lies outside of federal jurisdiction, strategic partnerships and linkages among provinces themselves and between provinces and the government are very important. In many cases, these take the form of shared commitments to provincial and territorial energy programs, building codes, environmental goals, and efficiency targets. However, the government's resolve n environmental issues is still being questioned, however, due to a sharp debate over the matter of legislative versus voluntary measures on climate change For this reason it can be stated that Canada's energy policy has some good policies but is still greatly flawed. Moreover, it is essential that alternatives to hazardous fossil fuels are found and efficiently implemented before the demise of fossil fuels is soon a reality. Also it is imperative that people of the world learn to conserve and prevent further abuse of fossil fuels.
Sunday, September 29, 2019
Dowry System Essay
Dowry System is a common social problem. its harmful for our society. now we will read a paragraph about Dowry System. lets go for read Dowry System paragraph. Dowry is the money or property that is demanded by the bridegroom when he marries a bride. The system of dowry has now become a curse to the society. The torture upon the women by men is a very common sight of today. Sometimes the women become a victim of loss of life as a result of the torture by their husbands. The main reason of dowry is negative attitude of the parents of the bridegroom and the lack of education of the bride. The bridegroom takes dowry and the womenfolk become victims of dowry. The dowry system affects the whole society. The parents of the bride sell properties and become penniless to fulfill the demand of the bridegroom. Sometimes they cannot keep their word they give before getting their daughters marrying. On the other hand, the bridegroom gets huge property without any efforts. I have the social voice. This social curse can be eliminated by making womenfolk educated and self-dependent. The menfolk also should be given proper education to change their attitude. Gender discrimination Gender discrimination means to create difference between men and women. Specially in the third world countries women is considered inferior to men. In spite of their having merits and capabilities, they are not given what they deserve. They are working in the family and out side the family, but their contribution is not seen with due honour. There are various reasons why women are not given equal rights. Firstly most of the people of our country are not educated. They fail to see the potentialities of the women and the contribution they have made in different sectors of our life. They think, as women are physically weaker than men, they will not be able to perform many duties that men can do and hence they must be dominated by men. Secondly people of our country are superstitious. They do not know their religion properly. In religion men and women have been given equal position. But in the name of religion they try to dominate over women and do not give opportunity to flourish. Female children are the worse sufferers. Even their birth is not received warm heartedly where at the birth of male children they distribute sweets to express their happiness. The female children are considered burden of the family. They are not given equal food, equal opportunity for education. They become objects of negligence and victims of social injustice. This is a great problem which is to be solved. If our people are educated and given proper knowledge of religion they will understand the value of woman and can learn about the contribution they are making. If our female children are groomed up properly they will be able to carry any responsibility bestowed upon them and our society will advance very quickly. Illiteracy has been the bane of independent India. It is a shame to note that, the country that gave Epics like the Ramayana and the Mahabharata to the world should, in the 21st Century turn out to be one among the most illiterate countries of the world. How this has come to be is of course not far to seek. Even in the understanding of a layman, it is clear that India has remained so very illiterate because it has, for centuries been slave to someone or the other. The rulers, whoever they may have been never wanted the Indians to be educated as, an educated mass of men would be difficult to reign, and so they never wanted them to raise their heads, and so, kept them away from the light of education. So much of course can be understood but, the sad story of the Indian masses is that even their own rulers, the Indians had no different attitude, they also wanted the Indians to remain mostly illiterate for much the same reason as the foreigners had wished. Just like the foreign rulers the Indian rulers also thought that an educated public may not be so easy to control so they also followed the track laid by their predecessors. Besides this, if the masses remained uneducated, any kind of manipulation could be easily managed in the favour of the rulers. Thus, since the Indian rulers also wanted to keep the Indian masses away from the light of knowledge, the result is for all of us to see that, even after fifty years of independence, India is still lagging behind the world in its ratio of educated/literate and the illiterate. This goes without saying that, an educated gentry is far more difficult to handle and to satisfy than an uncouth ^educated lot. For this simple reason the Indian rulers kerned it fit to keep education a far off dream for the majority and the image that the foreigners had established has been maintained by our Indian rulers for simple selfish reasons that are obvious. For this reason I feel that, the rate of literacy in India is no surprise. This has been the definite policy of the Indian rulers just to suit their vicious designs and their own inefficient policies. Illiterate masses can be led like sheep and goats very easily however and wherever they are taken. They can be very easily aroused on any emotional issues, they can be easily convinced into understanding and thinking as their rulers want them to. If the masses were to be educated it would not have been so easy for the politician to do what and how he wants to do on any issue. People would have to be convinced with genuine reasoning to the correctness of all that is being done or being planned. For this simple reason, even the dawn of the 21st, Century finds India listed among the countries with the lowest ratio of education. Now, after a little over fifty years, the Government has seen and understood the folly of such a lame policy of education. Now the Government is re-scheduling its literacy programmes and making a mark of the fundamental right of each resident of India to the right of education. If the masses had not been kept illiterate, they would have in so many years, raised a hue and cry about their right to education and the Governments of the past years would not have found it all so very smooth sailing. However, at least now the Government has awakened to the fact and need of correct education but, let us remember that the decades already lost cannot come back or regained. For, to complete the task in hand and to manage the huge backlog makes the job rather cumbersome and time consumingââ¬â¢ besides being difficult to achieve. It is hoped that, if the direction taken is continued we will in the course of another decade be higher on the grade educated/literate countries.
Saturday, September 28, 2019
Criminal Liability Essay Example | Topics and Well Written Essays - 1750 words
Criminal Liability - Essay Example However, it is worth mentioning in this regard that accusing or adjourning someone to have criminal liabilities, depend on various aspects which generally includes due concentration on the age of the accused, his/her intentions and his/her personal traits, in case it signifies any kind of disability. Emphasising on this notion, the discussion henceforth will intend to develop a general perspective regarding criminal liability of any person, rendering specific ideas concerning the factors which should be considered when accusing someone as a legal offender. The idea generated through the analysis of criminal liability and its defining factors, an analysis of Donnieââ¬â¢s criminal liability will also be portrayed in the discussion. A General Perspective of Criminal Liability The perception of criminal liability is often described as the guilt to perform such acts which apparently harms the well-being of any individual either psychologically or physically along with inhibiting the in terests of the society by a large extent. The notion of criminal liability principally arises due to the breach of a defined code of law with the perpetration of any sort of offensive behaviour which is against the defined codes (Sistare, 1989). It has been viewed that the fundamental assumption in relation to criminal activity signifies the presence of both physical as well as psychological factors when committing the offense to treat the offender as a criminal (RSC, n.d.). Furthermore, a particular individual who commits an unlawful act is considered to be criminally liable, provided the person performs an activity which is against the legal codes being influenced by the factors such as negligence, intention to injure or damage and recklessness (USIP, n.d.). It is worth mentioning in this context that criminal liability can be classified under three distinctive concepts, namely, culpability, capacity, and responsibility. Under the classification of culpability, the crime is believ ed to be committed purposefully, where the wrong doer is found to be completely aware of the consequences. Similarly, capacity intends to verify the age or the mental state of the criminal which impose a strong influence towards committing such acts. However, responsibility intends to elaborate on the willingness of the criminal to conduct such illegal act presuming that he was not forced by any material factors, such as money, threat or similar other elements. It is worth mentioning in this regard that the criminal liability must be justified under all the three concepts to verify a ââ¬Å"corpus delicti ruleâ⬠(NCWC, 2003). A criminal offense can also be committed by a person acting recklessly i.e. not caring at all about the effects or consequences of the unlawful activities performed by them. Furthermore, by law, in the case of any criminal liability offence, the accused person should have performed any kind of voluntary or involuntary physical activity/activities. The idea of voluntary physical action denotes the fact that the happening or rather the execution of the offensive act was under the control of the accused and thereby deliberating that the person had disregarded his/her minimum responsibility to control their intention of damage.
Friday, September 27, 2019
How do you evaluate a stock Essay Example | Topics and Well Written Essays - 500 words
How do you evaluate a stock - Essay Example The P/E ratios are compared only in organizations within the same market or industry. The price to sales ratio (PSR) should be near one. It is computed through dividing market capitalization by revenue of the most recent trading period. It is most suitable for analyzing stocks in the same sector. The Return on Equity (ROE) illustrates the returns for shareholderââ¬â¢s equity. It should appropriately be more than 10%. The ratio illustrated the effectiveness of the company in generating profit per equity unit. The earnings growth should be a minimum of 10% higher than the previous year. This trend should be illustrated in several years. The higher the growth, the more investments returns. The debt to asset ratio illustrates that debts should be equal to or less than 50% of the assets. This ensures appropriate levels of leverage across several companies. The greater the ratio, the leverage degree is higher hence results to financial risks. The returns on assets for Wal-Mart and Costco in the trading period ended 2014 are; 7.86% and 6.50% respectively. The performance of Wal-Mart is thus higher due to the greater returns on assets. The returns on equity for Wal-Mart in 2014 are 21%, and that for Costco in the same period is 17.79%, thus Wal-Mart illustrates the most appropriate value. Risk identification is very important in ensuring higher investment returns. The investors and fund managers usually quantify the forecasted losses of the stock investments and then adopt appropriate actions in relation to risk tolerance and also investment approaches. The risk assessment involves the study of several factors in relation to growth, profitability, low valuation, and the fiscal strength. A stock possessing all the illustrated characteristics is the most appropriate for investments (Horcher 3). The risk management techniques ensure successful stock trading. The trading profits can be safeguarded through simple strategies like; trade planning, take-profit points,
Thursday, September 26, 2019
Global Trade and Commodities in 15th century Essay
Global Trade and Commodities in 15th century - Essay Example This region acted as a source of slave for the routes in Sahara to Mediterranean. The Portuguese opened this channel to the rest of the world. Portuguese had an economic monopoly over slave trade in Cape Verde of West Africa. Portuguese were particularly well versed with trade route between West Africa, America and Europe. They bought slave from interior of coast of guinea and transported them to the rest of the world especially in America where they could later work in sugar and other plantations. This trade was profitable to Portuguese. This African trade plus the development of Cape Verde islands, expanded tremendously with the emergence of labor-intensive farms that were used to grow, cotton and tobacco in the Caribbean and America as well. Other slave was taken to Brazil, which was a Portuguese colony. By 18th century, Britain had engaged in this trade and majority of ships doing this business belonged to Britain. Jacques Coeur merchant between 1432- 1451, carried out the other type of trade. The great source of trading wealth was the Mediterranean. That used to link Christian market that were more prominent in the west with the far east Muslim markets. He use to take clothes to Levant and could come back with spices from the east. It was a barter form of trade. The Chinese sea trade also took place in the 15th century. It took place when a merchant Zhen, a Muslim eunuch. He traveled as far as Persian Gulf, African coast. Chinese could now export porcelain, silks, silver, gold items and medical concoctions and in return they took herbs, ivory, rhinoceros, jewel, rare varieties of wood, and some ingredients for making dyes. The other trade took place in Europe inlands waterways between 15 to 17th century. This trade occurred across rivers especially after development of manmade canals that ensured there was efficiency in trade as routes became shorter. This developed in Europe only at the late 15th
Wednesday, September 25, 2019
Plantation Economy Essay Example | Topics and Well Written Essays - 2000 words
Plantation Economy - Essay Example (West and Augelli, 1999) The history of Central America is linked with the growth and development of the plantation economy. When the colonialists reached the land, they found enabling climate and they set of establishing plantations to create what came to be known as the sugar kingdom in the history of America. The economy of the region is large reliant on Agriculture. There is production of cash crop like coffee, bananas, sugarcane and cotton which is produced through large holding and most of the products is exported to the Northern American and to Europe. However there is also the growth of subsistence crops like corns, beans, bananas, mains, rice and pulley. In the drier regions there is the production of beef cattle. The large holdings most employee modern farming while the subsistence farmers still use the simple farming techniques that have been in use for along time now. (Wrigley, 1999) Plantation farming has been practiced in the region since the settlement of colonialists in the region. However the region still lags behind in economic development despite producing agricultural products to the world. Has the plantation economy helped the region develop economically or has it helped the investors in the large holdings' This paper represents a well arranged and researched inquisitive essay on the impact of large holding farming in the region. The first part will look at the historical development of the large scale farming over the time and how it has developed in the region. Then it will look at the impact this has been making on the economy of the region and at the end it will look at the present economic situation of these countries so as to make a conclusion of there the plantation economy has been of use to the region of if it has not helped the region. In the conclusion it will look the problem that the region has been facing and what can be done on the situation. Development of plantation economy in the region The historical development of plantation economy in the region dates back when the Spanish colonization was started. With the arrival of Spanish and other colonialist in the region, there was increased development of agrarian economy which was favored by the Amazon climate that extends to the region. When the Spanish came, they immediately stated planting bananas in large plantation around 1860s and by 1870 there was increased growth of banana in the region. Most of the plantations in the region were started along the railway lines which were by then expanding northward to America. When an American entrepreneur was commissioned by the Costa Rica government to build a transition railroad, he started growing bananas along the railway road and immediately began exporting them to United States. Keith was highly successful in the venture and he embarked on the same plantation economic along all other major railway roads that he built. He was able to acquire large tracks of undeveloped la nd and in the process expanded the development of banana plantation to Guatemala and Hondura. In 1869 he merged with Boston Fruit Company and formed the United Fruit Company which rapidly expanded to Central America and by 1955 the company had over 400,000 hectares under production of bananas. (Ferguson, 1998; Mahar and Schneider, 1994) As the colonialists settled there was
Tuesday, September 24, 2019
Contracts Essay Example | Topics and Well Written Essays - 250 words - 2
Contracts - Essay Example Clause (213) of section (2) states that express warranties are usually in the form of a sample mode, affirmation, description or a promise. The consumer goods should be in such a condition that they shall be as described in the contract and that the whole of the goods will be the same as to the sample or model shown. The main purpose of the express warranty should be such that its specific intention mainly involves making an affirmation just of the value of consumer goods (furniture) or a statement that purports to be simply the sellerââ¬â¢s opinion or praise of the consumer goods that they do not make a warranty (Margaret 127). The federal law also requires that express warranties for consumer goods (furniture) be available for the buyer to read even when writing contract terms or doing shopping on the internet or through a catalog (Margaret 130). This would allow the consumers to compare the extent of the warranty coverage just as the law requires that the buyer should have privilege to compare price and other features of goods (132). However, the act fails to state on whether warrant must be in written or oral form, but should be readily available for the
Monday, September 23, 2019
Validity, Reliability, and Accuracy Assignment Example | Topics and Well Written Essays - 1250 words
Validity, Reliability, and Accuracy - Assignment Example This is essential not only to be fair to the student but also get an accurate representative of the class as a whole. In addition, writing such an assessment upfront will alleviate the potential for problems down the road. Students may, for example, become frustrated if an exam is perceived to be unfair. Much time may be spent after the exam with students questioning the very integrity of the assessment itself. In addition, if an exam does not properly test student comprehension about the given material, the teacher may reach a false assumption about the performance of the class, and thus their own teaching as well. With these aims in mind, the intent of this paper is to examine the validity and reliability of the hypothetical business management exam given in the preceding two pages. Validity When considering whether or not a teacher should be concerned over the poor performance shown by their students on a particular exam, one should first look at the assessment itself (Kubiszyn & Borich, 2013, p. 326). Exams need to be valid before their results can really be accepted. Simply because the class, on average, received a failing grade on an exam does not, in itself, indicate that they did not comprehend the material. Upon analyzing the exam, the teacher may discover certain problems with the test that make it invalid in the first place. It could well happen that the teacher re-writes a valid exam, gives it to the same set of students, and they all perform marvelously. For this reason, and others, the validity of any given assessment must be judged before any results on the part of the students are considered and recorded. One way to begin testing the validity of an exam is to consider the grade level of the material. If the exam is given to third... Validity, Reliability, and Accuracy When considering whether or not a teacher should be concerned over the poor performance shown by their students on a particular exam, one should first look at the assessment itself (Kubiszyn & Borich, 2013, p. 326). Exams need to be valid before their results can really be accepted. Simply because the class, on average, received a failing grade on an exam does not, in itself, indicate that they did not comprehend the material. According to Kubiszyn and Borich (2013), ââ¬Å"The reliability of a test refers to the consistency with which it yields the same rank for individuals who take the test more than onceâ⬠(p. 338). The indication here is that a student within a given class should rank in nearly the same place every time if the same exam is given to the same class. According to Kubiszyn and Borich (2013), ââ¬Å"No test measures perfectly, and many tests fail to measure as well as we would like them toâ⬠(p. 348). The key is to realize that there will almost be some level of error in an exam, but the teacher must work hard to minimize that error to the greatest degree possible. Finally, there could be an error in scoring. This is particularly important to monitor if a human scores the exam. For this exam, the teacher can eliminate this error, to a great extent, by not scoring the exam when they are tired or in a rush. It is advisable to score an exam in batches, rather than all at once, to ensure that fatigue does no impact the marking of each response.
Sunday, September 22, 2019
Sexuality Essay. The film ââ¬ÅCasablancaââ¬Â Essay Example for Free
Sexuality Essay. The film ââ¬Å"Casablancaâ⬠Essay Sexuality Introduction à à à à à à à à à à à The film ââ¬Å"Casablancaâ⬠is a 1942 release that is close to the top ten films that have tasted the times. Its fabrication and filming was carried out in accordance with the creation codes of pictures. It intertwines the political temperature during the Nazism times and the fight between two men for one beautiful woman. The story is constructed around sexuality upholding women as objects that are the center of attention for neurotic satisfaction of men through ownership (Curtiz et al. , 2000). à à à à à à à à à à à At the beginning of the film, the first introductory scene is dominated by a slow-spinning globe and a zoom-in shot technique is used to reflect on the Western Europe. A voice over is heard explaining the turbulent takeover of continent Europe by Nazis, the increasing flow of political refugees fleeing Hitlerââ¬â¢s persecution, and the imminent Second War of the World. The only hope for the fleeing masses was Lisbon but for one to enter Lisbon, he or she had to possess the relevant documents (Curtiz et al., 2000). At this point, the producer applies the production codes by not showing the details of the required papers to safeguard the secrecy of the information pertaining to the documents. It is in the light of possession of these documents that the rivalry of two men, namely Laszio and Rick, that the topic of sexuality is developed. à à à à à à à à à à à The camera quickly fades and zooms-in giving rise to a new scene at the evening in a cafà ©. The place is full of all types of clients from Italians, French, Germans and refugees eyeing to flee to United States. In a dimly lighted camera, Ugarte presented as a crook creeps in and becomes boastful of how he got transit letters from two German dispatch riders after murdering them. Urgarteââ¬â¢s strategy was to trade the correspondence that night at the club (Curtiz et al., 2000). At this point, the producer of the film applies the production codes by not showing how Ugarte killed the two German messengers. à à à à à à à à à à à In terms of sexuality, the film so far seems to be dominated by male characters. The aspect of female essence is yet to be integrated in the big screen. At this point, the male power as the controller of things is dominant. This may have been attributed to the male construction of the female figure as a means to attain self satisfaction and thus should assume the subordinate position (Curtiz et al., 2000). à à à à à à à à à à à The scene continues with the petty crook Ugarte being arrested by the neighborhood police under the directions of Captain Renault (Curtiz et al., 2000). He passes away when in detention without disclosing that he assigned the correspondences in his possession to Rick. The details for the death of Ugarte are not disclosed by the producer but rather, he just mentions about the death. This is conformity to the production codes on the disclosure of details pertaining to death of a human being. The male dominance continues to be seen in this seen when no woman has come in to influence the occurrence of events. à à à à à à à à à à à Immediately after presentation of Ugarteââ¬â¢s death, Lisa a lovely woman of Norwegian origins comes in and everything changes. She was ones Rickââ¬â¢s lover who left him on the knowledge that his husband Victor, allegedly killed in war, was alive and had gone in hiding (Curtiz et al., 2000). She thus left Rick to take care of her ailing husband wounded in war. At this spot, a woman seems to be the midpoint of interest. Everything in the film focuses on the beautiful woman character Lisa after she enters. à à à à à à à à à à à On her arrival in the cafà ©, she begs Sam, the pianist of the house and a friend of Rickââ¬â¢s, to play for her the song ââ¬Å"As Time Goes Byâ⬠. At this point, the power of a female is revealed when Sam does according to Lisaââ¬â¢s wish. She smiles at him thus yielding a compelling power which makes Sam act against the wish of his friend Rick. Since Rick had prohibited him from playing the song, he storms over to Sam angrily that he has violated his directions never to present the song (Curtiz et al., 2000). à à à à à à à à à à à His anger cools down when he spots Lisa, who was accompanied by his husband Victor to the Cafà ©. Continually, the supremacy of a womanââ¬â¢s attractiveness is exposed at this point. Lisa seems to possess an innate power that compelled Rick to cool down despite him being too much angry with her because of disappearing without a warning. Lisa and her husband, who is a fugitive, are in need of the correspondences to help them flee to America to keep on working.When Victor learns from Ferrari, a Rickââ¬â¢s business rival, that Rick in possession of the correspondences, he tries to talk him into selling the letters to help him and his wife Lisa to flee safely (Curtiz et al., 2000). Again, the essence of a womanââ¬â¢s power as the center for attention is revealed when Rick refuses to sell the correspondences to Victor telling him to ask his wife the reason for not willing to sell to them. The reality is that Rick is aggrieved of Victo r because he is the reason why Lisa left him. à à à à à à à à à à à When Rick refused Victorââ¬â¢s offer, he started a war like sabotage by inciting the band to perform the song ââ¬Å"La Marseillaiseâ⬠. The band fails to perform when Rick disapproves them from playing it. Victor does not just stop, but he leads the lyric and the in attendance crowd joins in followed by everybody who is present. For a pay back, Renault is ordered by Strasser to shut the club. This part presents a war of showing might among the two male characters constructed around the love for one woman. They are working towards out-shining each other on who is worth being with a woman (Curtiz et al., 2000). à à à à à à à à à à à As presented in the film, a woman whose love for by the two men causes all these chaos is very attractive and charming. Her presence in the film stands for the erotic manipulation of a womanââ¬â¢s sexuality to men. Though not too much presented, the minimum times she appears in the scenes of the film makes all the change. There emanates anarchy where tranquility persisted. Friends turn into adversaries, and where there is compliance, insubordination shows up.After the people are evacuated from the club, Lisa confronts Rick on his refusal to give her the correspondences. She even goes to the extent of threatening him using a gun but in the process, she admits that she still loves him. At this point, a gun is used as a weapon that threatens a human beingââ¬â¢s life. Similarly, love is used as a weapon to win a manââ¬â¢s heart and manipulate him into doing what a woman wants him to do. She also explains the reason why she left him un informed (Curtiz et al., 2000). à à à à à à à à à à à Immediately, Rickââ¬â¢s anger disappears, and he agrees to help them flee (Curtiz et al., 2000). The camera is brought at a close range helping the audience to achieve a point of view of the long shot accompanied by a brilliant lighting that facilitates the zooming of Rickââ¬â¢s and Lisaââ¬â¢s faces to fill the screen. At this moment, one feels the control that Lisa has over Rick because of the love he has for him. The producer applies the production codes by interrupting their kissing intentions through the intrusion of Victor into the scene (Curtiz et al., 2000). Conclusion à à à à à à à à à à à In conclusion, the big screen has incessantly shown the sexuality of a female as a controlling means of a man. The producer has eminently shown this aspect in the two scenes discussed above and at the same time applying the expected codes of production. The historical concept of the construction of sexuality seems to have played a significant role in presenting a woman as the center for attention by a man. References Curtiz, M., Epstein, J. J., Epstein, P. G., Koch, H., Bogart, H., Bergman, I., Henreid, P. Warner Home Video (Firm). (2000). Casablanca. Burbank, CA: Warner Home Video. Source document
Saturday, September 21, 2019
Evaluation of Canonââ¬â¢s Strategies Essay Example for Free
Evaluation of Canonââ¬â¢s Strategies Essay The first part of this investigation involves an evaluation of the strategies used by Canon and the key factors for success. In order to being this review, it is first necessary to consider how the company has performed in recent years. Table 1 provided below provides an overall review of the organizationââ¬â¢s performance in recent years. The data clearly suggests that Canon has made notable progress toward developing market share, revenues and profitability. In addition to reducing its debt to asset ratio in 2008, the organization also increased its stockholder equity to assert ratio. Table 1: Key Performance Indicators for Canon, 2004-2008 [pic] Data courtesy of: http://www. canon. com/ir/annual/2008/report2008. pdf Other indicators of Canonââ¬â¢s success are provided in Figures 1 and 2 below. These illustrations provide a review of net sales and ROE/ROA for 2003-2007. Figure 1: Net Sales for CanonFigure 2: ROE/ROA for Canon Data courtesy of: http://www. canon. com/ir/annual/2007/report2007. pdf With the realization that Canon has performed so well in recent years, it is pertinent to consider the specific areas which have promulgated success for the organization. A crucial review of the case information provided on the organization suggests that there are a number of pertinent strategy elements which have been pertinent to the success of the organization. In particular the organization has worked to develop a mission and vision which it has incorporated on all levels of its operations. The development of a guiding mission for the organization is essential for success (Henry 2007). Missions provide the foundation for the development of actionable processes which can be used for moving the organization toward specific goals (Johnson, Scholes Whittington, 2008). In addition to developing a mission and vision which provided the organization with a directive for action, Canon also developed a firm strategy focused on attainable goals for operations. Specifically, the organization set the specific goal of obtaining 30 percent of the world market by the 1980s. Research regarding the current state of achieving this objective suggests that even though Canon has not been able to maintain a 30 percent market share in the industry, it has overcome competitor Xerox to become second only to Hewlett Packard. Figure 3 below provides a review of global market share for companies competing in Canonââ¬â¢s industry. Figure 3: Global Market Share for Canon and Competitors [pic] (Data courtesy of ââ¬Å"Office electronics industry profile,â⬠2008, p. 12) The focus on a specific goal for the organization has clearly had an impact on outcomes for operations. By using this specific goal for development, Canon has been able to set clear, measurable objectives which can be evaluated by the organization to determine outcomes. Setting measurable goals is an important component of developing a strategic plan for the organization (Huang, 2009). Measurable goals are viewed as essential to the successful implementation of a strategic plan which provides significant results for the ongoing development of the organization. Another issue which appears to have had notable implications for the successful development of Canon is the use of specific core competencies to ensure the outcomes of operations. In addition to developing a strategic plan which provided clear and measurable objectives, the organization delineated specific core competencies which it has been able to optimize in order to coordinate its strategic objective and achieve its goals. A review of what has been noted regarding the use of core competencies suggests that core competencies can provide the organization with the ability to focus development in particular areas (Zook, 2007). This process, in turn, sets the stage for the development of management practice and shapes how the organization approaches the market and its competitors. Collis and Montgomery (2008) provide a more integral review of core competencies noting the importance of review intended core competencies in the context of the external environment in which an organization competes. As reported by these authors, organizations need to consider the external environment and competitors in developing core competencies. While it is evident that core competencies must meet the internal demands and capabilities of the organization, Collis and Montgomery assert that improper alignment of core competencies in light of competitors and the larger industry in which the organization operates will result in failure of core competencies to be effective. In developing its core competencies, Canon appears to have taken these issues into consideration. The specific outcomes in this area are witnessed by the fact that in the 1970s, Xerox held a majority market share, which it has subsequently lost to Canon. In the 1970s, Canon recognized that the formula for success being used by Xerox was not the same formula which it wanted to pursue in the development of its organization. In this context, Canon chose to pursue a different pathway for competitive development; one which enabled the company to synthesize its internal capabilities with the market environment to create a unique competitive advantage against its largest rival. Because of this process of developing particular core competencies for operations, Canon was able to maximize its internal capabilities and use this as a strategic advantage in the marketplace. In summarizing the overall approach used by Canon to develop its strategic plan and subsequent management processes, it seems reasonable to argue that Canon did more than just place words on paper to establish a foundation for the organization. Rather, the organization developed a comprehensive plan for vision, strategy and development which were implemented on every level of the organizationââ¬â¢s operations. In addition to delineating the larger objectives for the organization, Canon developed all of the intermediate steps that would be needed to achieve these objectives. In doing so, the organization aligned all of its activities toward the achievement of the organizationââ¬â¢s overall strategy. The development of strategy in this manner is commensurate with what scholars note about the strategic planning and management processes. Kaplan and Norton (2008) assert that the strategy planning and development processes for the organization often end in failure because of the inability of the organization to effectively execute its strategy. Further, these authors assert that strategy failure is common because of implementation problems which manifest as organizations attempt to make critical connections between strategy objectives and specific outcomes which will be achieved to ensure that objectives are reached. Placing this information into the case of Canon, it becomes evident that these issues did not arise. Rather than struggling to implement, the organization developed to tools and resources needed to effectively ensure that it built a foundation which would enable success. It is this specific process which has enabled the success of Cannon. When strategy development is formulated as more than just specific words on paper the end result is the development of a strategic plan which provides concrete action steps for the organization to take. With these action steps in place, the organization is better poised to control the development of the strategic plan and its implementation (Neilson, Martin Powers, 2008). This element of control in the strategic planning process has been noted to be an important contributor to the success of strategic implementation. When control is established in the strategic planning process, the organization is able to dictate the specific changes which will occur and respond to outcomes in a manner that is commensurate with the capabilities of the company and responsive to the specific external environment which will impact the outcomes of operations. What Other Companies Can Learn With a basic review of the success of Canon in the development of its strategy provided, it is now possible to consider what, if anything, can be learned by other companies from this case. In examining the development and outcomes of Canon, it becomes evident that the specific protocols and practices which have been used by the organization to achieve success should not be mimicked by other companies. Even though Canon has been quite successful in its efforts to develop its products and services, the reality is that other companies cannot expect to use the same formula for success and to achieve the same outcomes achieved by Canon. Other companies have attempted to use this approach in the pastââ¬âi. . Circuit City, K-Mart, etc. Even though mimicking another organization may provide some benefits in the short-term, the reality is that the outcomes achieved will not provide an organization with a long-term foundation for development. Even though companies examining the case of Canon may not be able to use the same specific tactics employed by the organization, Canon did employ a number of general models for strategic planning and development which could be considere d by other organizations. In particular, the development of core competencies for operations is an important tool which other companies could consider for success. An examination of models for the development of core competencies in the organization suggests that companies need to begin with a core strategy for the development of their operations. Once this core strategy has been delineated, it is then possible to articulate specific areas of organizational development by attaching them directly to the core strategy. Figure 4 on the following page provides a generic model of how core competency development for the organization has been conceptualized in for translation of core competencies into organizational practice. The application of this model to the development of core competency planning for the organization would serve as the foundation for the development of the basic ideas which could then be used for the further development of the organization. Based on the specific core competencies decided upon by the organization, a formal strategic plan for organizational development could be implemented. This plan would need to reflect the development of measurable goals to ensure the overall success of achieving core competencies. Figure 4: Generic Model for Core Competency Planning [pic] Image courtesy of: http://www. ulv. edu/cbpm/business/img/mba_exp_graphic. jpg Once the core competencies for the organization have been delineated, it will then be possible for companies to consider the development of a strategic plan. Examining the specific steps used by Canon, it becomes evident that solid advice for planning and development in this area are provided in the case. In addition to developing a driving vision and mission, the organization also implemented critical success factors which enabled the organization to formulate goals. The goals were codified in the context of action steps which provided a concrete foundation for the organization to achieve success. All of these issues were supported by the core competencies established by the organization. Figure 4 below provides a review of this process and demonstrates how other organizations could effectively adopt this process to generate success in their strategic planning and management processes.
Friday, September 20, 2019
The impact of multinational corporations on an economy
The impact of multinational corporations on an economy Multinational Corporation also knows as Transnational Corporation or multinational enterprise. These three things have same definition and function. Multinational company is a company that have manage the business in one country or they called it headquarters and also have their branches of business in others country. Multinational company have brought the advantages and disadvantages in the host country. 2.0 FINDINGS 2.1 Definition of MNC According to the business dictionary MNC means the enterprise that operating in several countries but managed from one (home) country .While according to the International Economics books they divided it into three sections. First by the size, means MNC is the extent of internationalization need. Then by the structure the MNC include the number of countries in which the firm does business and the citizenship of corporate owners and the top managers. Lastly by the performance, depends on the characteristics as earnings, sales and assets. Others meaning of MNC is a network of capital, product, and knowledge flow between organisational units. 2.2 Characteristics of MNC The characteristics of MNC are a company must have and own or control value adding activities in more than one country. And they also have involving in strategic alliances with others company.MNC also bring the new technology with the new capital and access to the local market knowledge and distribution in the host country. Furthermore, the characteristic of MNC is to view the worldwide presence in one or more of businesses. 3.0 STATISTIC 3.1 Foreign Direct Investment Foreign direct investment means the other company from outside which is other country invest in one company of other country. Many of country include in foreign direct investment. Malaysia also takes a part in this business because many advantages Malaysia can get from foreign direct investment from other countries. Malaysia can get many profits and develop the country from it. Malaysia ranks among the world is a top 20th attractive country to foreign direct investment (FDI) according to the World Investment Prospects Survey 2007-2009 FDIà by theà United Nations Conference on Trade and Development (UNCTAD). Malaysia have a good strategy in map which means that the location of Malaysia in the heart of Southeast Asia and offer a cost competitive position for whom thats want invest in that country especially in manufacturing of technology product for regional place and global markets. The factors that Malaysia become a top 20th choice of foreign direct investment is firstly is a hum an resources that Malaysia have is from a younger categorize that is strong and intelligent enough. Malaysia also try to develop the country to become modern and technology so its need the foreign direct investment come invest to Malaysia .When this happen its will be the exchange of technology and increase the knowledge of Malaysia about the technology. Government also provide the good services and tax for foreign invest in Malaysia. This is to make sure the continuous supply of manpower to meet the needs of the growing manufacturing and technology sector of Malaysia. 3.2 The Gross Domestic Product The gross domestic product (GDP) is a basic measure of a country economics performance.GDP is a purchases prices that sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. The most common approach to measuring and quantifying GDP is the expenditure method. The figure above shown the graph of Gross Domestic Product from 2005 to 2009 Figure 1.1 Bar chart of Gross Domestic Product (in 2000 constant prices) Ringgit Malaysia in Million 2005 2006 2007 2008 2009 Gross Domestic Productà à (in 2000 constant prices) Ringgit Malaysia in Millionà à à à à à à à à à à à à à à à à à à à à 449,250 475,192 505,353à à à à à à à à à à 528,804à à à à à à à 528,860 The bar chart above shows that the Gross Domestic Product from 2005 to 2009 in increase. Start from 2005 the Gross Domestic Product in Ringgit Malaysia shows the total is 449,250 million. Then follow by year 2006 the total amount is 475,192 million ,it have an increasing in number. While on 2007 the amount is 505,353 million. For 2008 and 2009 is 528,804 million and 528,860 million. This shows that the effect of MNC that invest in Malaysia have been increase the Gross Domestic Product in every year. The figure above show the pie chart of sector of MNC in Malaysia. Figure 1.2 A pie chart of sector of MNC in Malaysia 2005 2006 2007 2008 2009 Agriculture, forestry fishingà à à à à à à à à à à 35,835à à à à à à à à à à à à à à à à à à 37,769à à à à à à à à à à à à à à 38,593à à à à à à à à à à à à 40,073à à à à à à à à à à 39,260 Mining 42,472à à à à à à à à à à à à à à à à à à 41,315à à à à à à à à à à à à 42,663à à à à à à à à à à à à à à 42,337à à à à à à à à 42,176 Manufacturing 137,940à à à à à à à à à à à à à à à à à 147,672à à à à à à à à à à à à 152,262à à à à à à à à à à à à 154,195à à à à à à à 141,934 Construction 14,685à à à à à à à à à à à à à à à à à à 14,604à à à à à à à à à à à à à à à 15,279à à à à à à à à à à à à à 15,604à à à à à à à à à à à à 16,071 Services 230,043à à à à à à à à à à à à à à 246,895à à à à à à à à à à à à à à à 270,762à à à à à à à à à 290,588à à à à à à à à à 303,695 Many of MNC from other country invest in Malaysia. There have a specific into a few sector of MNC. There are agriculture, forestry fishing sector, the mining sector, manufacturing sector, construction sector and the lastly is services sector. The pie chart shows the total amount of Gross Domestic Product (GDP) in each sector start from 2005 to 2009.All the sector have the incensement in the GDP according the increasing of the year. Start from agriculture, forestry fishing sector the total of GDP is 39,260 million for 5 years. While in mining sector and manufacturing sector the amount is 42,176 million and 141,934 million. The construction sectors have 16,071 million in the GDP.The largest amount sector that influence the GDP of MNC is a services sector. This can be prove by the total amount is 303,695 million. For the smallest amount is in agriculture, foresting fishing sector. The reason why the agriculture, foresting and fishing is the smallest influence is because Malaysia has their own product that can be produce by the country itself. Its not too necessary to receive the FDI from outside. Furthermore Malaysia has a larger area of forest and sea. Diverse from agriculture sector, is services sector that give a large amount in GDP. Malaysia is a one country that in progress to develop, so its need many of technology to be use especially on a services sector. Example the public transportation service, they need to be improve on the speed and safety for the passangers.Nowdays many of public transportation have been improve such as LRT and KOMUTER.This transportation have a high speed and big space to take a many passengers and they can arrive the destination at the short time. 4.0 EVALUATION 4.1 The contribution of MNC in Malaysia Malaysia is one of the most talented manufacturing and exports that base in the area. Malaysia ranks as among the worlds top 20 attractive countries foreign direct investment (FDI), according to the World Investment Prospect Survey 2007-2009 FDI by the United Nations Conference on Trade and Development (UNCTAD). (www.tradechakra.com). There are more than 60 countries have invested in over 3000 companies in Malaysias manufacturing segment. The countries that have invested in Malaysia is Japan, Singapore, Thailand, United State and more else. Furthermore, Toyota, Hitachi, Ford and IBM are the examples of Multinational companies that contributed in Malaysia country. The main factor that are attracted foreign company to open up their business in Malaysia is the assurance of governments that retain the trade environment that are provides the foreign investors with the profits and opportunity for development. In general, foreign company in Malaysias manufacturing sector can hold 100% equit y in project which export 80% of their production and attractive tax rate incentives in 2008 is 26% and it will cut to 25% appropriate to mutually no-resident and resident companies. Malaysia proposes a broad range of tax encouragement for manufacturing scheme under the Income Tax Act 1967 and Promotion of Investment Act 1986. There are many types or sector of multinational company in Malaysia. The sectors are including the manufacturing, agricultural, mining, construction, forestry and services. For examples, the foreign country that contributes to manufacturing sector likes Japan automotive industry. Nowadays, Japan have contributes their automotive industry like Honda, Mitsubishi, Daihatsu and Toyota in Malaysia economies. 4.2 The advantages of MNC in Malaysia The advantages of multinational company in Malaysia are it will increase the economic resources. This is happen when other multinational companies from outside open their business in Malaysia and the foreign currency exchange rate in Malaysia will be increase the economies indirectly. When transnational company opens their industries in Malaysia, they need to hired people to work with them and it will provide job opportunities for unemployed graduates in Malaysia. Moreover, it will also transfer the management skills and technology to Malaysia. So, they can learn and used the technology for the development of the country. Other than that, Malaysia has its own natural resources like petroleum, oil, gas and others. It attracts the foreign country to open up their business in Malaysia. Moreover, it also will increase the development rate of host nation by introducing new investment, management skills and new technology. For example Perodua Myvi the 6th model of Perodua Malaysia is based on Daihatsu Boon and Toyota Passo from Japan automotive industry. Malaysia automotive and Japan automotive industry are joint venture to produce the new product and new technology. Furthermore, services transfer is also one of the positive impacts of multinational company in Malaysia. It means that, government will transfer the local workers to the foreign country to learn about their management and technology skills. So, they do not need to hired foreign employee to works in Malaysia 4.3 The disadvantages of MNC in Malaysia The negative impact of multinational companies that affected Malaysia is it will change the culture. Malaysia is based on different race and religion and they focuses about their culture and religion. The present of multinational companies from other country especially from West Country indirectly change and spoiling the local culture in the mentality, philosophy and more else. Other than that, they may not promote any development for the nations economic activities by basically source their components from out of the country. Its means, they will make local producers out of business. Multinational companies could take pleasure in high competitive advantages over local firms that can damaged local competition rather than promote it. Other than that too dependence of the foreign technology will make them take the advantages of Malaysias weakness and they will dominance the local industries. In addition, foreign country will interrupt of Malaysias economic plans and they will become ri cher better than local country. This is because they can get worker with low labour cost in Malaysia and cheap of raw materials. Other than that, the tax of Malaysia is low then their country so it makes them attract to open up their business in Malaysia. 5.0 CONCLUSION Multinational Company (MNC) gives a big impact in a country. It has the advantages and disadvantages impact. According to the Foreign Direct Investment the number of Gross Domestic Product (GDP) increasing follow by the years. Start from the early 1960s century the enter of MNC in Malaysia give a big impact, mainly in economy and social development of the country .There also have an transfer of technology in the country. Many of the things now is based on the technology. This is the advantages for the country to attract the foreign to invest in Malaysia because Malaysia is the one of the country that in process to develop the country into the developed country. Furthermore many of knowledgement can get from them to produce the intelligent and educated people in the country. The MNC also give the big profit to Malaysia . Although they give many impacts on the advantages in the country, they also give the disadvantages one. When the transfer of social is occurred, they give a some of t he bad social impact for the country. For example, when they have too many MNC from outside invest in Malaysia automatically they dominant the industry and this give the small chance for the local to invest in their own country industry. Other than that the technology of the country just depend on the foreign country. It just gives the foreign company to take advantages toward the host country to produce their technology. 6.0 REFFERENCE Economy Watch, Malaysia Industry Sector [online] Available at: [Accessed on 18 November 2010] Natarajan M. Tan J.M, 1992, The Impact of MNC in Malaysia, Singapore Thailand [ e-book], Institute of southeast Asian ,Available at: [ Accessed on 21 November 2010] Trade Chakra, 2008. Foreign Investment in Malaysia [online] (Updated 7 Dec 2009) Available at: [Accessed on 19 November 2010]
Thursday, September 19, 2019
All for Show â⬠The Post-Petrarchan Poetry of Wyatt, Sidney, and Spenser
The difficulty of discussing the representation of women in the work of sixteenth century English poets like Sir Thomas Wyatt, Sir Philip Sidney, and Edmund Spenser is the need to address authorial intent in its historical context. As a critic, one cannot attribute to words what the author did not intend; however, one can attribute intentions that the author did not word. For example, it is easy to justify the objectification and subordination of women in the English-Petrarchan sonnet tradition but is it entirely factual? Does object of desire necessarily mean desired object? Does such a designation deny the agency or even apply to the beloved? The question to ask is whether contemporary criticism can be applied retroactively; that is, whether theories concerning objectification or ââ¬Ëotheringââ¬â¢ are relevant merely because they fit. The real challenge is to decide if evidence of objectification can be discovered or simply applied to a text that has no concept of it. It is p articularly disconcerting that much of the modern renaissance criticism researched for this essay sees no possible contradiction in linking rhetorical evidence to intent; that is to say, they show little evidence of investigating the possible discrepancies between treating objectification as ahistorical and socially contextual, even when they argue for the historically situated nature of identity. One must also consider the fact that theories of objectification interpret and interrogate the text, not the author; that is unless one presumes they are the same thing. To do so, however, commits one to a series of requisite and problematic assumptions. The first of these is the exchange of mimesis for art as an imitation of the author, a shadow of a shadow. Speaking his... ...ing Astrophil and Stella to implode under its own contradictions Sidney ensures that its only lasting consequence is the affect it has on the beloved. In the same way Spenser tries to forge a tangible bond between himself and the beloved by rendering them both physically present in the words of Amoretti, Sidney tries to promote his signifiers to signifieds in an effort to exchange ââ¬Å"semiological [intimacy] for sexual desireâ⬠(Stephens 93). The difference is that Spenser offers the beloved a shared space while Sidney seeks exclusive control of the courtship. Much like Wyatt tries to have the last word in Whoso List to Hunt, Sidney and Spenser write their sonnets in anticipation of the belovedââ¬â¢s response. As their efforts to adapt her subjectivity show, all three poets recognize the beloved as powerful, but is this the power of a reader or a social and sexual equal?
Wednesday, September 18, 2019
Physics of How Tires Throw Rocks :: physics tire rock
Many of us have gotten rock chips, but how many of us understand how those pesky rocks hit our windshield? A common misconception is that the car in front of us throws rocks "backward" and hits the following car's windshield. A rolling tire cannot throw a rock backwards. A tire is a rolling object, thus every point along the tire is moving forwards. There is no force going in a backwards direction. Only direction part of a rolling object can go is a combination of up or down, and forward. The velocity of the rock at any given point can be determined by adding it's translational velocity at the center of mass (the orange arrow) with it's rotational velocity. Vrock= Vcenter of mass + Wrock Where V is the translational velocity, and W is the angular velocity This can be simplified to Vrock=WDR Where D is the distance from the road at the point of contact in terms of R, the Radius. That is to say, that the velocity at the top of the tire would be Vrock=W(2R) =2Vcenter That is to say, that the rock at the top of the tire may be going twice as fast as car itself. Similarly, at the point of contact of with the road, the velocity of the rock is 0. So this leaves one to ask, how do those pesky rocks get thrown at a windshield? If it is hit by the following car, then it is because the rock was thrown somewhat vertically, slowed down by air resistance and the car behind it ran into the rock. It can also be hit by a car going in the opposite direction. The magnitude of this collision will be much greater because it involves objects going in opposing directions. This is why the worse rock chips are often from cars going in the opposite direction, and why it is possible to throw rocks at yourself, which often do not do any damage. Tires are thrown from tires because the centrifugal force expels snow, rocks, and other foreign objects.
Tuesday, September 17, 2019
Mind and Sportsmanship Essay
Sportsmanship goes beyond playing sports in this generation. The key word for having good sportsmanship is honesty. Sportsmanship plays a role in todayââ¬â¢s society not only in sports, but in school and the job industry as well. The way sportsmanship is being taught to the younger generation is also to blame; Such as the media, coaches, and parents. Sportsmanship is sportsman like conduct, as fairness, courtesy, being a cheerful loser. The idea of being on a team is to do your best, work together and use your skills to follow the rules and win fairly. This generation has taken ââ¬Å"Sportsmanshipâ⬠and turned it into ââ¬Å"winningâ⬠. Sports teams have become so obsessed with the idea and feeling of winning, they tend to do anything and everything to accomplish that. In most cases for sports they will try take steroids to up their ability and strength; only to win the game. Not only are steroids illegal, but there are also terrible consequences on your body if you take them. Kids have created a habit in school to cheat so they can get that A on that test so they feel accomplished. Do they really feel accomplished for cheating to get that A though? We have cheated ourselves so much that we start convincing our minds that it is normal to cheat instead of using the sources our teachers give us to learn. Along with children and schooling, itââ¬â¢s the same for grown-ups and the job industry. People now lie on their resumes and applications to get a job that they are possibly not even qualified for. When they get that job they get paid money that someone who is qualified to do better work and is more deserving. This day in age has become a bunch of liars in all reality. People have found it to be easier to lie and get away with it to make them look better instead of just being honest. In the mind that creates a satisfaction because they are looked up upon for the things that they are lying about. This also creates a trust issue between all people. Making bosses feel like they have the need to look their employees up on facebook and such. Parents, coaches, and the media have a huge impact on the younger generation when it comes to stuff like this. The parents now-a-days influence their children to win, win, win. You hardly ever hear anything about sportsmanship from parents, the media or coaches. The coaches are usually thinking more about how to win the game instead of giving all of the team members a chance to play equally. The media are the ones that encourage all of those supplements to lose weight and gain muscle. All of these examples have become worse as time has gone by. People become less caring, honest, and trust-worthy. We need our people to get off of their high horses and be themselves, and just accept themselves for who they are. If we had honest, trust worthy and people that didnââ¬â¢t cheat, ones who used sportsmanship; we would have a better economy, smarter people and a better world.
Monday, September 16, 2019
Effective Human Resources Essay
The four bands Each of the 10 professional areas is further divided into four levels or bands (from 1 to 4), which define the different levels of work activities and knowledge requirements within each area. There is also a useful section within the information on bands, entitled ââ¬ËTransitionsââ¬â¢, which helps us identify how we can move, or prepare to move, from one professional band to the next. Band one Supports colleague with administration and process. Effectively manages information and data and is customer orientated. Band two Advices on and/or manages HR related issues relating to an individual or a team. Has a clear understanding of the evaluation process and the solutions available. Band three Leads a professional area acting as a consultant or partner, addresses key HR challenges at an organisational level for the medium and long term. Band four Leads and manages a professional area(s) and/or the organisation. Responsible for developing and delivering organisational and HR strategy. Activity 1 part B QUESTION comment on the activities and knowledge specified within any 1 professionalà area, at either band 1 or band 2, identifying those you consider most essential to your own (or other identified) HR role. Answer Learning and development is one of the professional areas which I identified to be essential in HR role. The level of responsibilities are describe in three different ways, namely: a). what you need to know (knowledge) b). what you need to do (activities) c). How you need to do it ( behaviour) Knowledge In this professional area HR personnel are require to have knowledge about the organisational purpose, the key product/service and customer. Also require HR personnel to know the sector context in which the organisation operates, legal and market factors that impact performance. Activity The skills or abilities require of HR personnel in the (Learning and development) area are the abilities to collect, collate and analyse project metrics, data and report back on key information. Require of the HR personnel to provide accurate and timely information, data and advice to managers and employees on organisationââ¬â¢s people policies and procedure and employment. Behaviour HR personnel could carry out the activity successfully by using the following behaviour a). Driven to deliver- Demonstrates determination, resourcefulness and purpose to deliver the best results for the organisation. b). personally credible-Builds and delivers professionalism through combining commercial and HR expertise to bring value to the organisation, stakeholders and peers. The above aforementioned responsibilities is considered to be entry-level (i.e. BAND 1) in the HR profession. Reference 1. http://www.cipd.co.uk/NR/rdonlyres/B4D7EB6D-FD79-45A1-B32D-F951C7ACB3A4/0/978
Sunday, September 15, 2019
Individual Assignment Essay
Having a strong web presence is not only important in todayââ¬â¢s world, it is vital for survival in todayââ¬â¢s super connected world. Companies, banks, agencies and private industries must be able to create an environment to interact with customers, government officials and other companies in order to thrive. Opening yourself up to anyone through the Internet often means opening your system up to the world. Today we are more connected than ever, and cyberspace is littered with a multitude of individuals, some with the intent to compromise network confidentiality, integrity and availability. Anyone with a computer and Internet access can become a victim or criminal over the web. As a result, networks and servers are under constant attack these days. Attackers are changing their techniques daily and are on a never ended endeavor to disrupt companies for their selfish reasons. Two such forms of disruption are Denial of Service (DoS) and Distributed Denial of Service (DDoS) attacks. These forms of disruption have cost companies millions of dollars and are showing no signs of stopping. That is why it is up to security professionals to create the best safeguards and impose efficient and proper techniques to prevent, mitigate and discover these attacks before they inflict terrible harm. In the following assignment, these important topics of prevention, mitigation and discovery will be discussed as they relate to DoS and DDoS attacks on todayââ¬â¢s systems. Specifically, three academic journals have been selected that relate to this topic. This essay will first briefly summarize each article that was selected and state the methods of prevention, mitigation or discovery as they relate to denial of service attacks. The second part of this essay will explore in detail the specific methods discussed in the summaries as they relate to a proposed technique and practical approach, which can be implemented, into a platform. The strengths and weaknesses of each method that is selected will also be discussed within the summary. 2 Brief Overview In order to better understand the reasons for discovering, mitigating and preventing these attacks, it is necessary to first review what exactly Denial of Service and Distributed Denial of Service attacks are and why these specific journal articles were selected for this assignment. DoS and DDoS attacks are extremely popular cyber attacks launched by attackers because of their effectiveness and ease. The goal of a DoS attack is for the attacker to render certain specific resources of the victimsââ¬â¢ computer or server unusable or make them unavailable. The attacker does this by sending large amounts of traffic that appear to be legitimate request to the victim. As a result, the victimââ¬â¢s computer or server is tangled up and that particular resource cannot be used. These attacks expose a significant loophole not just in certain applications, but loopholes in the TCP/IP suite (Joshi & Misra, 2010). A DoS attack only occurs when a resource on a computer or network is slowed down or stopped completely by an individual maliciously. A DDoS attack is very similar to a DoS attack. However, this form of attack is launched on multiple computers or devices in an organized manner. The goal, once again, is to attack a specific target or multiple computers and servers and make them unavailable for use. The first ever reported DDoS attack occurred at a University in 1999. From then on, these attacks have become increasingly more complex and sophisticated. Their widespread effect has ranged from simply slower speeds on websites, to financial institutions losing millions for not being accessible to customers. The journal article ââ¬Å"DDoS Prevention Techniquesâ⬠was chosen because it does a fantastic job of explaining the differences between the two attacks, multiple DDoS tools that attackers use, and lastly ways to prevent and defend against the attacks. The second article selected is titled ââ¬Å"Prevention of Attacks under DDoS Using Target Customer Behavior. â⬠I selected this article because it not only gives an overview of this form of attack but also a specific method of protecting a potential server by blocking DoS attacks with behavior based actions. The last article I chose ââ¬Å"A Novel Technique for Detection and Prevention of DDoSâ⬠also gives a brief overview of the attack as well as a specific method to help filter DDoS attacks on online banking websites. 3 Article One The article ââ¬Å"DDoS Prevention Techniquesâ⬠mainly centered around DDoS attack and the methods of preventing them as well as the tools that criminals use to execute these attacks. One example of a tool that these individuals use is Trinoo, which can be used to, ââ¬Å"launch a coordinated UDP flooding attack against target systemâ⬠(Joshi & Misra, 2010). Another tool that Joshi & Misra discussed was Trinity. This DDoS attack tool is IRC based and uses flooding methods of the TCP SYN, TCP RST, TCP ACK request. This tool not only can flood the TCP/IP but also flood the UDP and IP Fragment. This article offers various forms of preventative methods against DDoS attacks. They separated them into two groups: General Techniques and Filtering Techniques. Since the article gave a plethora of examples of general techniques I will discuss two of them as well as the advantages and disadvantages to these practical approaches. One method of preventing against DDoS attacks is ââ¬Å"disabling unused services. â⬠Attackers canââ¬â¢t take advantage of something if it is not available to them. So, the fewer applications and open ports that are on a given host, the less likely an attacker can manipulate any vulnerability on that host. Therefore, if a network application is unnecessary it should be disabled or closed immediately (Joshi & Misra, 2010). The advantage of this approach is that it minimizes the attack surface, thus protecting the host from receiving certain request from ports that can be used to flood the system. The disadvantage to this approach is that you limit the amount of applications you may need to help run your organization more efficiently. Another method of preventing these attacks is by using a firewall. A firewall can help mitigate against simple DDoS attacks by using simple rules such as implicit deny, or deny any for certain ports and IP addresses. However, the disadvantage of using a firewall to mitigate attacks occurs when sophisticated attacks are launched on ports such as Port 80 used for web traffic. A firewall, cannot tell the difference between legitimate traffic and malicious traffic that comes through the port (Joshi & Misra, 2010). This can lead to an attack still being carried out if the firewall cannot decide what is good and bad traffic. One filtering technique that was discussed in the journal article was the technique of ââ¬Å"History Based IP Filtering. â⬠During normal function, traffic seems to stay balanced and stable. Yet, during most DoS attacks they are carried out with IP addresses that have never been seen before on the network to flood the system. This form of filtration relies on an IP Address Database (IAD) to store the IP addresses that are used frequently. If an attack is launched and the source address does not match any in the IAD the request is dropped. The advantage to this form of protection against DDoS attacks is that it will keep unknown IP address from ever reaching the host. However, the draw back is that it will not keep out legitimate or real IP address that are already in the database. Also, ââ¬Å"Cost of storage and information sharing is very highâ⬠(Joshi & Misra, 2010). So if cost is an issue for an organization, this method may not be best. These methods can be implemented fairly easy for any organization. Most security professionals should already have these measures in place such as firewalls and minimizing the attack surface with an emphasis on disabling unnecessary services. History based IP filtering is a costly alternative to those methods but can be an additional form of security. 4 Article Two The second article that will be discussed is titled, ââ¬Å"Prevention of Attacks under DDoS Using Target Customer Behavior. â⬠This article discusses a method using an algorithm to determine if request to a specific server should be blocked or allowed in real time to mitigate the attack. The algorithm is used to maintain a list of users and to stop attacks from unknown users. The purpose of this tool is to prevent only authorized clients onto the server. This method accomplishes this by first determining which category the requesting client should be registered or non-registered. The tool uses an anomaly-based system during peak times to help determine if certain requests are deemed malicious or not. A client will deemed malicious if the client sends repeated request during peak hours and deemed an anomaly client, or possible attacking client (Kuppusarny & Malathi, 2012). This tool can track which request made on the server are authorized or unauthorized. Once the request is deemed unauthorized, the client is then placed in a group of non-registered users and blocked temporarily until the peak time is finished. This proposed method also features a count system for the amount of request a client may attempt, which are ââ¬Å"Access Countâ⬠and ââ¬Å"Warning Counts. â⬠The article explains this in depth by stating, ââ¬Å"The access count is the count that can be incremented every time the client sends the request. The Warning Count is the count that can be incremented once the unregistered client sends anomalous requestâ⬠(Kuppusarny & Malathi, 2012). This count system helps to determine if the request are legitimate and if so are only temporally blocked during peak times in order to keep systems running and not flooded with request. This feature also presents a permanent block alternative as well. This occurs once the warning count reaches itââ¬â¢s threshold (Kuppusarny & Malathi, 2012). This can be extremely useful when defending against DDoS attacks because it works in real time. The chart below illustrates how this method is carried out for all users trying to request information from the server. This tool could easily be implemented for any organization looking to defend their systems as well as monitor customer and client user data. The only disadvantage that may occur while implementing this will be the temporarily lockout mechanism that legitimate users may encounter if they enter too many incorrect requests. Inconvenience for some users is the only drawback. However, this approach is extremely promising because it does not completely block IP addresses like some filtration systems. They are placed in a certain unauthorized category away from authorized clients and systems. And once they meet certain requirements their request may be authorized if they do not go over the warning count. Also as an added security feature if the client goes over the warning number of request and is also unauthorized they are blocked completely. 5 Article Three The final article that will be discussed is titled ââ¬Å"A Novel Technique for Detection and Prevention of DDoS. â⬠This article was dedicated around a specific method for detecting and preventing DDoS attacks. This method focused on using the Hidden Markov Model. Very similar to the previous method in being an anomaly based system that uses request behavior to block or authorize users. This method also uses an algorithm to track user behavior and determine whether the requests are legitimate or an attack. However uses a different form of authorizing request before allowing access into the system. During the Anomaly Detection Module of the system when resources are scarce and the server is under heavy traffic the filter is applied. The system uses a history to maintain each of the clientââ¬â¢s IP addresses. If ââ¬Å"unusualâ⬠behavior is detected through the algorithm the server then goes into a special detection mode. It, ââ¬Å"replyââ¬â¢s with the captcha to that client. â⬠And if a correct CAPTCHA response is not received within three responses, it then checks the request history sequence. If the difference between the request for the CAPTCHA is less than the threshold allowed, the client is blocked. (Patil, Salunke & Zade, 2011). This model is a great tool in defending against DDoS and also monitoring traffic on a server as a whole. When traffic begins to reach its peak this system can help alleviate between legitimate and flooding traffic. This model was put to the test in this article with a fake bank system. The testers used a script in java that repeatedly requested the log in page for a fake account. The server responded with CAPTCHA pages to verify if the requester was legitimate. After three failed attempts the IP address was blocked. This type of method should be implemented across systems everywhere. The only foreseeable disadvantage would be from those users who enter the wrong CAPTCHAs more than three times and are blocked out of the system. Other than that this method would be a great tool in the defense against DDoS attacks. 6 Conclusion Denials of Service and Distributed Denial of Service Attacks have proven to be a huge hassle for security professionals. Criminals are becoming more sophisticated in their attack schemes and are leaving security teams in a never ending game of catch up. It only takes one loophole in a defense strategy for an individual to wreck havoc on a system. None of these methods will stop DoS and DDoS attacks entirely. However, in the future we must look for tools that include multiple defense strategies to stop these forms of attack. Layering a computer network offers many benefits especially if one level of defense falls, it will not compromise the entire system. The fight to defend cyberspace against these malicious attackers is forever ongoing, but with the right tools and defense strategies we can help maintain a safer and productive Internet experience for all users. 7 Work Cited
Saturday, September 14, 2019
Case Study-Eating Disorder
Sarah is a sixteen year old girl. She is in the tenth grade and until recently was an optimistic and energetic young girl. Sarahââ¬â¢s mother has began to worry about her lately. Her mother recently found a bottle of diet pills hidden in her room. She has also noticed that Sarahââ¬â¢s behavior has been changing in the past few months. Sarahââ¬â¢s mother is unaware that Sarahââ¬â¢s boyfriend has been reducing her to tears lately by commenting that she has been gaining weight. Her mother has also found her looking in the mirror a lot more than usual. When she looks in the mirror she often sucks in her stomach and is complaining that she is not beautiful. As a result, Sarah has been going off food for days to the point of starvation. Then after days without food she breaks down and eats nearly everything that she can find in her refrigerator. Sarahââ¬â¢s weight has significantly dropped in the past few weeks. It is important to intervene immediately in Sarahââ¬â¢s life and get her help. When individuals with eating disorders get help early on during the disorder there is a high success rate of long-term recovery. Sarah is part of one the highest rated risk groups for eating disorders. People between the ages of ten to twenty-five are at the most risk for developing an eating disorder. Sarah is entering her teenage years and is encountering a lot of changes with her boy and her emotions. Eating disorders are also usually referred to as female diseases. Eating disorders are not limited to females. Sarah is a young women that is starting to feel pressure from her boyfriend to lose weight. Sarah is just beginning to have issue with her weight and food. Individuals with eating disorders often do not recognize that they have a problem or will not admit that they have a problem. The two most common forms of eating disorders are anorexia nervosa and bulimia. They are similar to each other and are both very harmful to an individual. Anorexia is characterized by an obsession with weight gain and self-distorted body image. Individuals with anorexia have a body weight that is 85 percent below their normal weight for their height and age. They maintain a low body weight by starving themselves, over-exercising, using diet pills, or vomiting. The effects of this eating disorder are emotional, physical, social, and psychological. It is a very serious disorder. There are two types of anorexia. The restricting type and the bingeing and purging type. When people think of anorexia they most commonly think of the restricting type which is characterized by individuals not participating in any bingeing or purging behaviors. The binging and purging type of anorexia is when the individual does participate in bingeing and purging behaviors by using laxatives, self-inducing vomiting, or over-exercising(DSM-IV-TR; American Psychiatric Association, 2000). Bulimia, like anorexia, is characterized by oneââ¬â¢s obsession with weight. This type of eating disorder involves an individual having recurrent binge eating followed by purging behaviors. The use of laxatives, diuretics, and other medications help the individual with the purging. Over-exercising and a self-distorted body-image are a large part of bulimia. Persons with bulimia feel they have no self-control over their binges and purges. Their binging and purging behaviors happen often and occur at least once a week for three months (DSM-IV-TR; American Psychiatric Association, 2000). Eating disorders are very serious and will not typically get better without treatment. It is often difficult to get people with eating disorders to get help, because they donââ¬â¢t think that they have a problem or they are scared of gaining weight. One of the most important aspects of treating anorexia nervosa is to have the patients gain weight and restore nutrition. In some cases their weight can be so low that hospitalization is necessary. In Sarahââ¬â¢s case, and most other cases, she can be treated as an outpatient with therapy. For long-term recovery it is critical to get the person who has an eating disorder help as soon as the problem is obvious. The longer the person with an eating disorder waits to get help the longer it will take to recover and the risk of relapse increases. Anorexia and bulimia can also so a lot of damage to a personââ¬â¢s body physically if it left untreated. This will only make individuals feel worse in the long run because they leave he/she looking and feeling terrible (Holtkamp, Hebebrand, & Herpertz-Dahlmann, 2004). In severe cases of anorexia and bulimia inpatient care is needed. Inpatient care has access to 24-hour a day clinical care and is a very structured environment. This may be just what the patient needs because many times the lives of patients with eating disorders are not very organized. There are ifferent levels of care in the hospital that gives the patients the option to ââ¬Å"step-upâ⬠or ââ¬Å"step-downâ⬠to. One reason that patients with eating disorders are placed in inpatient care in a hospital is when they also have a psychiatric disorder. Their psychiatric disorder may also require some special care that interferes with an eating disorder. Sarah is not at the point of needing inpatient care. In p atient care is usually only implemented in severe cases of anorexia or bulimia. Cognitive-behavioral therapy is one of the most effective types of therapy for bulimia. This type of therapy is highly structured and involves active participation of the patient. This type of therapy focuses on the thoughts and feelings that the patients have about eating and food. One of the main goals is establish a positive relationship with food. Along with establishing a positive relationship with food, cognitive-behavioral therapy focuses on creating a positive self-image and increasing self-esteem. Creating a positive self-image is a vital component in recovery. Cognitive-behavioral therapy emphasizes the importance of consuming regular meals (Mitchell, & Peterson, 1999). In order to determine if the patient is consuming regular meals and snacks he/she keeps detailed journals of what he/she eats and writes self-evaluations. During cognitive-behavioral therapy there are a few other aspects that have been helpful when to use for patients with bulimia. Identifying cues for when the bingeing or purging behaviors are going to occur helps the patient reduce his/her behavior by recognizing the cue and stopping themselves before they binge or purge. Patients with eating disorders do not have a healthy or regular meal schedule. Establishing a normal meal schedule and even a meal plan for what they are going to eat at each meal will help enforce regularity into the patientsââ¬â¢ life. Research findings show that cognitive-behavioral therapy is successful in reducing bingeing and purging behaviors in individuals with bulimia nervosa. Reduction rates range from 40 percent to 97 percent (Mitchell, & Peterson,1999). For anorexia nervosa, cognitive-behavioral therapy has been found to be effective when used as individual therapy and group therapy combined. Using group therapy and individual therapy has resulted in a reduction in relapse and symptoms returning. Although it can be used for anorexia nervosa it is not the most effective treatment option for anorexia nervosa, but it is one of the most effective or bulimia. One problem with cognitive-behavioral therapy is that at the end of this therapy many patients still have some symptoms; that increases the risk for a relapse in the future. Nutritional counseling is an essential part of treatment for eating disorders. It can be done with the counselor that they are seeing for their cognitive-behavioral therapy or it can be a completely different counselor that is specialized in dietary nutrition. During nutritional therapy the patient learns about the importance of healthy eating. The patient is also taught about the effects on his/her mental and physical health when they deprive their body of the basic nutritional needs. Teaching patientsââ¬â¢ to have a positive relationship with food is one of the most important aspects of treatment for individuals with eating disorders, because if he/she keeps a negative view of food then they will not be able to gain weight. Nutritional counseling sets up a new diet that includes the patient keeping a daily journal of what they eat. During nutritional counseling the patientsââ¬â¢ learn that they need to eat food to be able to live and that they can eat food without feeling bad about themselves. Group therapy provides a supportive network of individuals who have the same eating disorder to share time and experiences with one another. During group therapy individuals can discuss their goals for the future, ways to change his/her behaviors, and alternate coping strategies. Group therapy for individuals with anorexia and bulimia is not always the most effective form of treatment. There are several advantages and disadvantages in group therapy. Group therapy allows individuals to share and teach about their own experiences with their eating disorder. Group therapy many not be appropriate for all individuals, but for those whom it is, they seem to benefit greatly. Patients with eating disorders often feel rejected by their families and friends, and when they are with other patients who are suffering from eating disorders then they will gain acceptance and feel cared about. Forming friendships with other patients in the group can help prevent a binge or take someone out of a depressed mood by a making a simple phone call. However, individuals with eating disorders also suffer from anxiety and are closed off to others, so putting them in a group therapy may not be that effective (Holtkamp, Hebebrand, & Herpertz-Dahlmann, 2004). They will not be willing to cooperate and share with others. Also, one cannot force individuals to be part of a group therapy and many people will not volunteer to be part of a group. One concern that therapists have with group therapy is that patients can get negative ideas from each other. For example if one patient is unaware of a type of medication that is used to induce vomiting he/she may try this as a new method. Patients may, also feel too much pressure from the other individuals in the group and withdraw themselves from the rest of the group and lie about their progress. Patients with anorexia and bulimia often show a low level in serotonin (Ferguson, La Via, & Crossan, 1999). Low levels of serotonin are often associated with depressive disorders and anxiety disorders. Many individuals who are suffering from an eating disorder such as anorexia or bulimia are also diagnosed with an anxiety or depressive disorder. Some of these disorders include social phobia, obsessive compulsive disorder, major depressive disorder, dysthmic disorder, and substance abuse. Medication is often used in treating anorexia and bulimia, because of the cormobidity with other mental disorders. The main purposes of using medication are to treat other psychiatric conditions, reduce sensitivity to stress, reduce anxiety and weight restoration. Medications have shown to be effective in these areas. Medication should not be the only type of treatment for an individual with an eating disorder. When using medication with another type of therapy, such a cognitive-behavioral or family therapy, should be implemented. The use of medication in the treatment for anorexia has not shown significant effects(Ferguson, La Via, & Crossan, 1999). When the use of fluoxetine, an antidepressant, was combined with nutritional and behavioral treatment, it has shown some effects in preventing relapse. It did not improve the mood or stimulate appetite in individuals. It has been shown to be most effect in the treatment of anorexia once there has been some weight gain and improvement in self-esteem. The use of pharmacology is much more promising for patients with bulimia. It doesnââ¬â¢t work for everyone with bulimia, but the use of antidepressants has resulted in significant reduction in bingeing and purging behaviors. The most popular form of antidepressants used are SSRIââ¬â¢s and Prozac has shown the best results for reducing behaviors associated with bulimia. When using medication for the treatment of anorexia and bulimia is important to follow several guidelines to protect the patientsââ¬â¢ health. Doing a medical background check of the patient and his/her family health is important before beginning the patient in any type of medication. The use of medication should not take place until after nutritional rehabilitation has begun and the patient has already chosen another form of therapy to participate in while he/she is taking medication. A treatment method that is often overlooked is self-help. It is often overlooked because it very few medical professionals are involved in this type of treatment. This method involves the patient with an eating disorder becoming part of a group that is composed of people who have eating disorders or joining a community group that will have a high level of support. Support is one of the most important aspects that a person with an eating disorder needs in his/her life in order to have long-term success and a low relapse rate. There are many self-help groups for patients with eating disorders all over the world that are committed to helping individuals recover from an eating disorder. Self-groups may not be for everyone. It is important for individuals with an eating disorder to also have support from the people that are important in his/her life. Family and friends are the people that they interact with everyday and it is essential for the patient to have support from people that they are in contact with on a daily basis. Having support from family members is very helpful in treatment. Since family members are the people that the patient is most likely around the most it is important for them to understand the therapy process and be there for their family member when he/she needs them. In many cases, the family members and the way that a family functions can be part of the reason that the patient has developed an eating disorder. Most cases of eating disorders do not have direct causes because of the patientsââ¬â¢ issues with food and weight. Problems within the family is one of the top causes for eating disorders. Family therapy is a popular option for patients with eating disorders the main goal of family therapy is to reduce family dysfunction and reorganize the family to help with the reduction of dysfunction. Family therapy involves the participation of the entire immediate family. During family therapy the role of the therapist is to provide the family with communication skills, conflict resolution skills, and support skills. Teaching family members how to have realistic expectations for one another and to develop strong and united relationships is another important aspect of the family. Family therapy is especially important to use with children and adolescents.
Friday, September 13, 2019
Advantages Of Unit Banking Essay Example for Free
Advantages Of Unit Banking Essay ? 1.Local Development:Unit banking is localized banking. The unit bank has the specialised knowledge of the local problems and serves the requirements of the local people in a better manner than branch banking. The funds of the locality are utilised for the local development and are not transferred to other areas 2.Promotes Regional Balance:Under unit banking system, there is no transfer of resources from rural and backward areas to the big industrial commercial centres. This tends to reduce regional in balance. 3.Easy Management:The management and supervision of a unit bank is much easier and more effective than that under branch banking system. There are less chances of fraud and irregularities in the financial management of the unit banks. 4.Initiative in Banking Business:Unit banks have full knowledge of and greater involvement in the local problems. They are in a position to take initiative to tackle these problems through financial help. 5.No Monopolistic Tendencies:Unit banks are generally of small size. Thus, there is no possibility of generating monopolistic tendencies under unit banking system. 6.No Inefficient Branches:Under unit banking system, weak and inefficient branches are automatically eliminated. No protection is provided to such banks. 7.No diseconomies of Large Scale Operations:Unit banking is free from the diseconomies and problems of large-scale operations which are generally experienced by the branch banks. 8.Easy Management and Control:Under unit banking system, it becomes very easy for a single office to manage and control efficiently. 9.Close Management and Workers Relationship:Under unit banking system, there prevails a close and cordial relationship between employer and employees. 10.Quick Decision:The owners or the management of unit banks can take quick decision and prompt action in times of emergencies. 11.Use of Local Resources:Local financial resources are used for local development. 12.Lesser Fraud and Irregularities:Due to the less scattered affairs of the bank, there are very little possibilities of fraud and irregularities. 1.No. Distribution of Risks:Under unit banking, the bank operations are highly localised. Therefore, there is little possibility of distribution and diversification of risks in various areas and industries. 2.Inability to Face Crisis:Limited resources of the unit banks also restrict their abilityà to face financial crisis. These banks are not in a position to stand a sudden rush of withdrawals. 3.No Banking Development in Backward Areas:Unit banks, because of their limits resources, cannot afford to open uneconomic banking business is smaller towns and rural area. As such, these area remain unbanked. 4.Lack of Specialization:Unit banks, because of their small size, are not able to introduce, and get advantages of, division of labor and specialization. Such banks cannot afford to employ highly trained and specialized staff. 5.Costly Remittance of Funds:A unit bank has no branches at other place. As a result, it has to depend upon the correspondent banks for transfer of funds which is very expensive. 6.Disparity in Interest Rates:Since easy and cheap movement of does not exist under the unit banking system, interest rates vary considerably at different places. 7.Local Pressures:Since unit banks are highly localised in their business, local pressures and interferences generally disrupt their normal functioning. 8.Undesirable Competition:Unit banks are independently run by different managements. This results in undesirable competition among different unit banks. 9.Limited Size of Operation:Unit bank business can not be operated on large scale because of its limited area. Being the small organisation, division of labour can not be applied. 10.No Economy of Reserves:Under unit banking, bank can not transfer its funds to any other branch. So economy in cash reserve can not be secured under this system. 11.Limited Financial Resources:A unit bank has limited financial resources so it is not able to provide full and adequate banking facilities to the industry and trade of the area. 12.Investment of Idle Funds:A unit bank having no other branches, can not utilize its idle funds in profitable ways. Advantages Of Unit Banking. (2016, Oct 19).
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