Sunday, December 22, 2019

How Climate Change Is Inherently Flawed - 1230 Words

Because of the most recent election season, there has been a renewed interest in the topic of climate change. In the 2016 Presidential election, the green party received over 1.2 million popular votes nationwide, when they usually receive only 100 thousand or so. With an increased interest in the topic of climate change, I feel it is necessary to provide factual data and projections on the path climate change will take to decrease misinformation. I proclaim the correct course of action to solve the problem of climate change is to do nothing. Almost every argument I hear today discussing what we should do about climate change is inherently flawed because of their assumptions about the future. The current climate change model for the future assumes technology will not improve in any fundamental way for the next twenty or thirty years. Every argument which says climate change will be irreversible if we do not act now assumes we will only have our current technology at our disposal. I kn ow for a fact technology advancements were not considered for these arguments because there is not a good way to predict what kinds of technology we will have in the future. Thirty-three years ago, On March 6th, 1983, the first commercial phone was introduced in the states. It offered around thirty minutes of battery life, and took over ten hours to charge completely, it weighed almost 2 pounds, was 10 inches tall, and cost nearly $10,000, adjusting for inflation. Nowadays, there are phonesShow MoreRelatedGlobal Warming And The Kyoto Protocol1470 Words   |  6 PagesProtocol. The second part will look at climate change and the protocol from the respective lenses of realism and liberalism. I will argue that while none of the theories precisely covers the entirety of the issue, each provides helpful analysis falls short of clarifying the entire climate change picture. Can states cooperate effectively through the structure of the Kyoto protocol to solve an international problem of gl obal warming?† I. Global Climate Change and the Kyoto Protocol The study ofRead MoreWhat We Know About Climate Change By Kerry Emanuel1140 Words   |  5 Pagestemperature or change within the gases that which compose the atmosphere. What We Know About Climate Change by Kerry Emanuel aims to address this issue of Earth’s vulnerability head-on as it suggests the plausible causes for the undeniable planetary warming observed in the last century all the while proposing pragmatic solutions to discontinue the unnatural processes credited with the abnormal warming. Brimming with absorbing and educative statistics and facts, What We Know About Climate Change first choosesRead MoreSocial Worker s Style Of Counseling774 Words   |  4 Pagesinvolved in the case study. I will discuss my understanding of what the role of a social worker entitles. I will identify the issues I find wrong with the intervention and offer alternative interventions using the Person-Centered approach. Then, explain how Carl Roger’s Personality Theory explains where the client is. Analysis of Social Workers Action While the social worker was assigned to the child welfare case he discovered that his client and mother of two children was addicted to drugs and manyRead MoreOrganisations Are Highly Specialized Systems And People1420 Words   |  6 Pagesgenerally cynical to change in the work environment as they don t want to get into uncharted territory. It is the natural tendency of human being to live in their comfort zone and no one likes to be comfortable being uncomfortable even for a short duration (during the change process). But, for organisations to survive and succeed in the current environment change is no longer optional. Organisations have to learn to love change to stay ahead of competition. An overview of change management DefinitionRead MoreThe Nature Of Sustainability : A Human Nature Hybridity Essay1820 Words   |  8 PagesAnthropocene. Society defines sustainability as the ability to maintain the health and balance of nature which directly contradicts Wapner’s proposal for a hybridized world. This contradiction poses the question of how Wapner’s renewed environmentalism affects sustainability. Or more specifically, how does the hybrid-nature relationship affect sustainable development moving forward in the post-nature age that defines the Anthropocene? The question of defining sustainability, and discussing its implicationsRead MoreEnvironmentalism Is Not A New Concept Essay1809 Words   |  8 PagesAnthropocene. Society defines sustainability as the ability to maintain the health and balance of nature which directly contradicts Wapner’s proposal for a hybridized world. This contradiction poses the question of how Wapner’s renewed environmentalism affects sustainability. Or more specifically, how does the hybrid-nature relationship affect sustainable development moving forward in the post-nature age that defines the Anthropocene? The question of defining sustainability, and discussing its implicationsRead MoreThe Battle Of Inter State War1464 Words   |  6 Pagesthese three ideas correlate are what make Waltz’s explanation so compelling. The first two of these images, the man and the state, explain how a country behaves internally. The irrationality of man leads to the fault of his state, as the state is truly an abstraction of public will. Therefore, Waltz (1959) argues that the policies of the state are inherently flawed and that they will lead to warfare. These policies often require violent action on the part of the country in order to create unity withinRead MoreBenefits Of A New Electric Model For The Chinese Car Buyers1818 Words   |  8 Pagesperformance of the car and risk losing to its competitors. The company deliberately chose to install a software component that allows the car to cheat the emissions test and thus attain regulatory compliance. VW market growth strategy in the US was inherently flawed, unethically designed, and horribly executed. $34 billion in value were wiped off after the scandal news went public. Appendix F provides the timeline of the events after the scandal went public. VW international strategy not only resultedRead MoreHigh School Class Election Scenario2275 Words   |  10 PagesWe have all gone through the period in life called high school, no matter how hard we may try to forget it. Classes, athletic events, and just joking around with friends, but at the beginning of every school year these friendships would be tested in the dreaded class election. To put it frankly a popularity contest where every person in the grade gets one vote for a candidate. But let us imagine an election where the teachers decided who became the head honcho on the block. That even though the classRead More Human Resource Mangement Essays3495 Words   |  14 Pagesemployment are added to the indirect costs of recruitment and selection, training and development, the organisations investment in an average full-time employee can exceed  £100,000 in a short space of time. Therefore one of the fundamental factors is how to attract the right employee and retain their serv ices, gaining efficiency throughout. Before answering the first part of the question â€Å"Describe and critically evaluate the key factors that shape the role and practices of the HR/Personnel function

Saturday, December 14, 2019

Karate Kid Free Essays

It’s bad enough moving to a new city, but when that city is located in China, it’s almost too much to handle for 12 year old Dre Parker. It’s not easy being the new boy in class when you don’t know the language, and it’s even harder, when the cool boys use Kung Fu to rule over the other pupils at school. Fortunately, Dre meets some nice classmates, including the cute girl (he fancies) Mei Ying. We will write a custom essay sample on Karate Kid or any similar topic only for you Order Now However, it turns out that Cheng, the leader of the Kung Fu gang at his school, also likes May, and is not particularly thrilled that Dre and May are becoming friends. Dre has hardly set foot into his new apartment, before Cheng uses his Kung Fu skills to give Dre a real beating. From this moment on, Cheng is constantly on Dre’s back. Dre becomes increasingly unhappy and longs to go back to the United States. But one day, as he is pushed into a corner by Cheng and his friends, he gets unexpected help. Mr Han, the caretaker of the apartment building where Dre lives, appears from nowhere and defends Dre with an incredible display of Kung Fu. This becomes the turning point in Dre’s new life. Mr Han decides to teach Dre the traditional combat sport, giving the boy a chance to win the respect from his classmates. Thus begins a long training period that ends up with a final battle between Dre and Cheng’s gang at the local Kung Fu competition. †The Karate Kid† is a remake of the classic 1984 film of the same name. The new version is a well-made film that will certainly engage the imagination of both young and old. The story is largely the same as the original, however, a number of elements have been renewed, making â€Å"The Karate Kid† anno 2010 better than most remakes. The film’s theme focuses largely on the inner struggle of Dre. The young boy must adjust to a country with a foreign language, and a completely different culture and a city where he has almost no friends. When he is exposed to physical abuse, the previously well-adjusted boy becomes quite distressed. But Dre has great inner strength, and as his friendship with Mr Han develops, he learns more than Kung Fu. Dre understands that he is in charge of his own fate/future, and it is up to him whether he will give up, or fight to gain the respect he deserves. Such a message is well suited for children and young people, who will hopefully use this knowledge in their own lives. This film will probably promote martial arts to many young boys, and hopefully they will understand Mr Han’s clear statement that Kung Fu is a sport for wisdom and defence / an art to be used to create peace, not to hurt and combat an enemy. I think the †The Karate Kid† has a PG rating, due to several violent scenes involving Kung Fu fighting, the film is not recommended for children under the age of 8 from the online website. How to cite Karate Kid, Papers

Friday, December 6, 2019

Coca cola marketing plan free essay sample

I.Executive Summary The Coca Cola Company is categorized to be the most famous trade mark in the world. Coca Cola have more than 400 brands that appeal to many different people all throughout the world. They are able to fulfill the satisfaction needs of all their consumers and make their experiences with Coca Cola better. The Coca Cola products appeal to a wide range of people from all races, genders, and ages. Coca Cola is famous for its worldwide rating and popularity as its products are sold to over 200 counties, while major competitors only sell in some countries, placing Coca Cola is an obvious and easily known by all people. The popularity of Coca Cola has increase very recognizable company. It is well known worldwide and its branding is  persistently earned by Coca Cola exceeds all other beverage corporations and these funds would over the years. Is still rising to this day, and will continue into the future. We will write a custom essay sample on Coca cola marketing plan or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The finances show vital in the future of Coca Cola as it allows for the promotion of many other products. Many aspects of Coca Cola that show the superiority to that of competitors, ranging from promotional techniques to corporate structure. Some of these aspects include, positioning, marketing mix strategy, and implementation plan. These aspects place Coca Cola greater to competitors, originating Coca Cola to aspire higher objectives and missions. It is the mission at Coca Cola to refresh and completely satisfy the world and it is the vision to make a bottle of Coca Cola available within arms’ reach of very person all around worldwide. II.Company Background The Coca-Cola Company is a beverage company that incorporated on September 5, 1919. The Company have or owns and markets more than 500 nonalcoholic beverage brands, mainly carbonated beverages but also a variation of ordinary beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It owns and markets a range of nonalcoholic carbonated beverage brands, which includes Coca-Cola, Diet Coke, Fanta and Sprite. The Company’s segments include Eurasia and Africa, Europe, Latin America, North America, Pacific, Bottling Investments and Corporate. The Company acquired Great Plains Coca-Cola Bottling Company (Great Plains) in the United States On December 30, 2011. During the end of the year on December 31, 2011, the Company acquired the remaining interest in Great Plains and Honest Tea, Inc. (Honest Tea). The Company acquired an additional minority interest in Coca-Cola Central Japan Company (Central Japan) in De cember 2011.In September 2012; it acquired around 50% equity in Aujan Industries’ beverage business. In January 2013, Sacramento Coca-Cola Bottling Company announced that it had been acquired by the Company. Effective February 22, 2013, Coca-Cola Co acquired interest in Fresh Trading Ltd. The Company markets, manufactures and sells beverage concentrates, sometimes referred to as beverage bases, and syrups, including fountain syrups, and finished sparkling and still  beverages. Outside the United States, it also sells concentrates for fountain beverages to its bottling partners. The Company sells sparkling beverages and a variation of still beverages to retailers or to distributors, wholesalers and bottling partners who distribute them to retailers. In addition, in the United States, it manufactures fountain syrups and sells them to fountain retailers, such as restaurants and convenience stores who use the fountain syrups to produce beverages for fast consumption, or to authorized fountain wholesalers or bottling partners who resell the fountain syrups to fountain retailers. The Company’s core carbonated beverages include Coca-Cola, Sprite, Fanta, Diet Coke / Coca-Cola Light, Coca-Cola Zero, Schweppes, Thumbs Up, Fresca, Inca Kola, Lift and Barqs. Its energy drinks include Burn, Nos and Real Gold. Its juices and juice drinks include Minute Maid, Minute Maid Pulpy, Del Valle, Simply, Hi-C, Dobriy and Cappy. The Company’s other still beverages include glaceau vitaminwater and Fuze. The Company’s coffees and teas include Nestea teas, Georgia coffees, Leao / Matte Leao teas, Sokenbicha teas, Dogadan teas and Ayataka teas. Its sports drinks include Powerade and Aquarius. The Company’s waters include Ciel, Dasani, Ice Dew, Bonaqua / Bonaqa and Kinley. Over a joint venture with its bottling partners, the Company productions markets and sells Leao / Matte Leao teas in Brazil. During 2011, the Company announced a variation of brands, brand extensions and beverage products: the Latin America group launched Frugos Sabores Caseros; in the Pacific group, Fanta, a fruit-flavored sparkling beverage, was relaunched in Singapore and Malaysia; Real Leaf, a green tea-based beverage, launched two varieties in Vietnam; and in South Korea it announced three flavor variants of the Georgia Emerald Mountain Blend ready-to-drink coffee beverage and Burn Intense, an energy drink; the Europe group launched Powerade ION4 in Denmark, Norway, Sweden and France, France launched Powerade Zero; in the Eurasia and Africa group, Turkey launched Cappy Pulpy, and India launched Fanta Powder, an orange-flavored powder formulation; Schweppes Novida, a sparkling malt drink, was launched in Kenya and Uganda; and in Uganda Coca-Cola Zero was launched; in Egypt, it launched Cappy Fruitbite; and Schweppes Gold, a sparkling flavored malt drink, and in Ghana, it launched Schweppes Malt, a dark malt drink. The Corporation sold around 26.7 billion unit cases of its products during 2011. III.Customer Analysis The consumption of Coca Cola has dramatically increased time by time over the world. This is an opportunity for Coca Cola to generate the product. The new trend brings the good impact toward Coca Cola to generate the sells over the world. Moreover, in the average American consumed 53 gallons soft drinks a year. The increasing on the consumer takes a bigger part in the market. Coke plays a role in soft drink population in the world. However, Coca Cola has to maintain even increase the carbonate consumption over the world. It will give opportunity for Coca Cola to widespread the product to fulfill consumer who already addicted with the coke. We define the customer analysis based on STP analysis to view the potential market and design the strategy for Coca Cola to widespread coke. Segmentation Place Consumption gg Demographic Psychographic Behavioral Mall, restaurant, cinemas, retailer, railway station. World Wide Market. Most of Coca Cola’s consumers are teenager and adults. People who like party and have junk food. In America, drink carbonate is being a behavior when they eat. Because of Coca Cola has global market, most of race drink Coca Cola (Asian,American,etc) Geographic IV.SWOT Analysis Coca-Cola Strengths As a carbonated soda drink product, Coca-Cola has the largest market share among similar product. On 2012, Coca-Cola has approximately 40% market share compared to similar product line like Pepsi cola, Dr. Pepper and so forth. This happen so because Coca-Cola is the first carbonated soda drink in the world, thus they already have their own consumer loyalty. Cooperation built with some fast food restaurants also broadening Coca-Cola’s market share. Coca-Cola becomes the best global brand with the highest brand value ($ 77,839). One of the reasons why Coca-Cola has a high value is because their strong force on marketing and advertising. On 2012, they spent more than $ 3 billion to market coca-cola all over the world. This high cost advertising and marketing force has proven to increase brand recognition of Coca-Cola that served in more than 200 countries. Coca-Cola also maintains their great name through Corporate Social responsibility (CSR). They start the campaign upon recycling, energy conservation and healthy living. These activities have risen up Coca-Cola’s image and it increases their competitive advantage among competitors. Weaknesses Undiversified product is the main weakness of Coca-Cola that might cause harm later in the future. Their focus on raising their main product, which is carbonated soda drink, like Coca-Cola, Fanta and sprite, will only work as a short-term strategy, because people all over the world is now trying to fight obesity and live a healthier life. The consumption of carbonated drink was also remain stagnant in some countries as more people get bored or tries to have a healthier life. Though Coca-Cola always tries to increase their brand image in the society, there are still some negative views about them. It’s really hard to get rid of such a view. Some people criticized Coca-Cola for the excessive amounts of water they use to product, especially in the water scarce region. The Coca-Cola Company has more than 500 brands under their wings. Unfortunately, only few of them made more than $ 1 Billion sales. Though Coca-Cola tried to introduce some new product to the market, some of it resulted in failures. Opportunities Society is begging for practicality in every product they purchase. That is why the bottled water consumption is expected to grow all over the world. This is where Coca-Cola can grab the opportunity to grow bigger. They can try to expand their market and product through acquisition. Acquisition can be a good solution for Coca-Cola, because recently they find it hard to penetrate new market with their existing product and it’s also hard to keep their growth level. Nowadays, people are fighting obesity that might lead into some serious diseases. They are craving for new healthy food and beverages. The Coca-Cola Company has the opportunity to expand their product range to fulfill the needs. Coca-Cola could also maintain its market share in the BRIC (Brazil, Russia, India and China), because their beverages consumption is growing day by day. Threats Coca-Cola as a product that has established for more than 50 years cannot resist the fact that consumer’s tastes starts to change day by day. They are starting to realize that carbonated drinks are bad for their health. This is the most serious threats for Coca-Cola since carbonated drinks become their main product. The saturated carbonated drinks market is also the threat for them. We all know that Coca-Cola concentrate on their carbonated drink and the market is saturating because consumer’s tastes are changing. If they cannot innovate or expand their product range, everything will be worst. The strict competition with PepsiCo also becomes a threat for Coca-Cola. Their bloodless war in carbonated drink market keeps going on every year. Now, Pepsi is fiercely trying to grab the BRIC market, especially India. Coca Cola’s gross profit and net profit margin also decreasing over the past few years and may continue to decrease due to higher water and other raw materi al costs. V.Competitor Analysis Coca-Cola and PepsiCo have been in a bloodless war of carbonated soft drink for more than 50 years. They are having like an eternal warfare of each other and at the same time, they cannot get away from each other. This happens so, because there is no more closely- of perfect competitor to Coca-Cola rather than Pepsi, vice versa. Realizing their origin potential market in The United States America, both of them have fought fiercely to grab the more than $ 60 Billion market. As two brands that are fighting to be the best in their class, Coca-Cola and Pepsi are competing to provide as many various product ranges as possible. Coca-cola release coke zero and diet coke to answer the challenge that society gave them to provide a healthy drink. PepsiCo in the other side made pepsi blue with its lime flavor to make differentiation with coca-cola. Though both of them are trying to innovate their product into some certain extends, not all of them ended in success. Coca-cola once launched C2 drink that was fail in the market. They are also fighting to get the emerging BRIC market that can brighten their name in the world. Coca-Cola and Pepsi are not the one and only carbonated soft drink producer in the world. There are also Dr. Pepper and Schweppes, unfortunately its hard for them to compete with coca-cola because they market is still local in the US and some countries surrounding. But this does not mean they do not have the chance to expand their market worldwide, include the emerging BRIC market. Both of Dr. Pepper and Schweppes are not new player on the screen, they have been launched in almost the same time as Coca-cola and Pepsi, but it is a bit hard to penetrate some market segment in some regions. Though Dr. Pepper is produced by The Coca-Cola Company and Schweppes is produced by Cadbury. Their famous producer does not help that much in making the product go worldwide. VI.Marketing Objectives and Strategies Marketing objectives follow: †¢ Improve Coca-Cola’s brand image towards further global/local responsible attitude. †¢ Show the target audience about features and benefits of Coca-Cola’s new product. †¢ Boost sales based on the predicted overtaking of carbonated drinks by healthy drinks by next future.

Monday, November 25, 2019

POLAR vs BROWN BEAR essays

POLAR vs BROWN BEAR essays There are eight different species of bears found throughout the world: the spectacled bear, the Asiatic black bear, the brown bear (including grizzlies), the polar bear, the sun bear, the American black bear, the sloth bear and the giant panda. Even though most people can distinguish a polar bear from a brown bear by the color of the fur, a lot of people fail to identify all the differences among those two species. Both bears can be perceived as large, clumsy and lumbering beasts with heavily built bodies but short legs, necks and tails. Both of them have rounded ears and noticeably small eyes relative to their large body size. While both of the bears belong to same family, they have several profound differences. They live in different geographical areas, differ in amount of the population, size, physical features, some eating habits, and their The polar bear is found in all of the polar regions of the entire northern hemisphere. This includes Russia, Norway, Greenland, The United States and Canada. Their preferred habitat is in the area where the northern seas meet the shoreline. In this area, there is a constant freezing and thawing of the ice. It is estimated that there are currently somewhere between 20,000 and 40,000 polar bears. The polar bear is the largest member of the bear family, weighing in at between 440 and 1760 pounds with overall body length 11.5 feet. It can grow much larger, however. In fact, there is a record of an adult polar bear weighing over 2200 pounds. Polar bears have a distinctive all white fur which is important camouflage when hunting on the ice pack. Their actual color of the skin is black which is thought to be an adaptation for better heat retention. Compared to the other bears, the neck of polar bear is much longer. This makes it easier for the ...

Thursday, November 21, 2019

Memo Essay Example | Topics and Well Written Essays - 2000 words - 4

Memo - Essay Example â€Å"These companies reported they collect this information to create duplicate or back-up files in case of system disruptions; to manage computer resources such; and to hold employees accountable for company policies†(GAO, 2002). Further, we advise all employees and officers that, in the even we receive information regarding our policy violation, their respective electronic transactions are subject to being read and reviewed. This policy covers use of offensive or disruptive language, visiting of offensive websites, improper handling or protection of corporate information and client files and doctoring or altering of corporate files. Altering of financial data is included in this policy as well. information from reaching competitors as well. First, the most sensitive information regarding corporate and client financial information is limited in access, to only those employees who need to information to perform their jobs. Our department has a list of the various levels of access assigned to each employee. Within our department, myself and one technical manager on each shift has access to the highest level access. To keep passwords from accidentally falling into the wrong hands, we also assign new passwords to those with the highest level of access every month. They are sent via email from within our corporate intranet. In addition, those with the highest level of access are only able to log on to the intranet, which is the only method of accessing financial data. We reported, we encourage you to speak to either myself or one of the shift managers, should you ever have the need. We encourage you to also come to us with any rumors or suspicions that your employees may come to you with. Typically such allegations are unfounded, thought it pays to be cautious. Corporate corruption can be described as anything from treating clients to lavish vacations, nights at strip clubs, altering financial statements and many more activities.

Wednesday, November 20, 2019

System Development Process and Information System at Tata Steel Essay - 1

System Development Process and Information System at Tata Steel - Essay Example According to the research findings, social, cultural and organizational issues are affecting the system development and knowledge management process of Tata Steel. The organization has adopted and implemented several knowledge management aspects, processes and strategies in the business operation process in order to maintain its leading and competitive position in Indian as well as global market place. Earlier, Tata Steel was only a general manufacturing organization. But, the organizational management has realised that there are internal issues that may affect the business performance of the organization. The management of the organization purposely adopted knowledge management aspect in the organization operational process to overcome organizational, cultural and social issues. In terms of organizational issues, the management of the organization was only focusing on the centralization process and strict hierarchical structure. This aspect affected system development process as cen tralized organizational structure and culture affected the motivation aspect of both employees other important organizational stakeholders. It is true that, The management of Tata Steel has adopted several programmes and development processes regarding knowledge management, but lack of employee engagement before the KM process affected strategy development and decision making process. Inadequate workplace diversity also created issues for the management of the organization. Before the implementation of knowledge management system in the organizational process, the management of Tata Steel found out some culture-related issues in the management. The employees of the organization were self-centric and they did not feel free to share their views and knowledge with others. It actually affected the collaborative workplace performance of the organization. From the year 2000, the management of Tata Steel effectively and strongly integrated knowledge management strategies and processes in o rder to improve workplace as well as business operation performance.

Monday, November 18, 2019

Pump Characteristics Paper Lab Report Example | Topics and Well Written Essays - 1750 words

Pump Characteristics Paper - Lab Report Example The FM50 is an example of a centrifugal pumping system. The requirements of this pumping mechanism are an area which is clean, and where the fluid being transmitted is of a consistent viscosity. The design of the FM50 centrifugal pump is intended to convert mechanical energy into kinetic energy. This kinetic energy is transmitted to an impeller. The impeller transforms the kinetic energy into potential energy. The change in potential energy translates into a change of pressure in the fluid. The change in pressure in the fluid and the energy which is input enable the FM50 to provide work. Heat is a result of work. The transformation of energy results in an increase in internal energy and heat as a resultant effect. The characteristics of the FM50 pumping mechanism will be explored. These characteristics which will be measured are the following: Head height. Power input Efficiency. The first law of thermodynamics and its implications will be reviewed in this laboratory report. Introduc tion There are two types of pumps. One type of pump is a positive displacement pump. Another type is a roto dynamic pump. This research will examine the latter. Pumps and their components compose about 20% of the global energy demand. Pumping systems are responsible for 25% to 50% of the energy consumptions in a number of plant operations. Roto dynamics have two functions. These functions are: Movement of fluid from one place to another. Movement of fluid through a system in a lubricating or refrigerating function. The parts of a pumping system consist of the following components: Pumps. Prime movers. Piping. Valves Controls and assessment equipment. Pressure flow. The pump and the prime mover consume the most energy in a pumping system (Energy Efficiency Asia.org 2006). The First law of Thermodynamics which was proposed by Sir Isaac Newton mentions that energy can neither be conceived nor destroyed. Energy can only be transformed from one state to another or from one location to an other. Electrical energy is transformed into mechanical energy and its heat components. The FM50 pumping system is an example of a centrifugal pumping mechanism. The characteristics of this type of pumping system require that the situations are free of debris (Waukesha Cherry Burrell 2009). The FM50 pumping system is a relatively non complicated machinery item. The machine converts one form of energy into another. The electrical components transform the electrical energy into mechanical energy. In an internal combustion process, electrical energy is converted from chemical energy to mechanical and heat energy. In a steam and gasoline turbine, the mechanical energy of steam pressure converts to kinetic energy as the steam is forced out of a nozzle. A high speed configuration of steam particles from the nozzle of the turbines motor impacts a set of blades and causes the blades to exercise mechanical energy by means of the blade movement. In a pumping system, the pump transforms the en ergy which is derived from a turbine. This energy is transformed from kinetic energy. In the pumping system, the kinetic energy is transformed into potential energy. This potential energy causes the fluid in the pump to gyrate. The gyration of the fluid in the pump represents work. Lit Review The energy is conceived in the roto dynamic pump by rotary movement and its output. The impeller within the pumping mechanism exerts a force on the system. This force causes the energy to transform from mechanical energy which is the impeller exerting a force upon the fluid. The fluid gains kinetic energy in this process. In pumps which are employed for domestic

Saturday, November 16, 2019

The Indian Construction Industry Construction Essay

The Indian Construction Industry Construction Essay Abstract The project mainly depends on the health and safety issues in India and UK construction industry. The Construction industry contributes most of the countrys economy for both UK and India. At the same time the issues related to health and safety is increasing in both the countries. The measures taken on workers safety are insufficient even though workers play a major role in all construction projects. This dissertation mainly focuses on the health and safety of the workers involved in construction projects. During this process the researcher has well understood about the construction industry and has collected background information about the UK construction and Indian construction industry in order to make a sufficient development in the construction industry. In this process the researcher has compared the health and safety issues of the UK and Indian construction industry. For this research, the researcher has used the secondary data research, since the methodology is genuine and it was arduous task to gather materials through books, journals and articles. Chapter I INTRODUCTION 1.1 Introduction Construction industry provides employment for around 180 million people and contributes 7% of global employment. The industry is tarnished for its reputation as Dirty, Difficulty and Dangerous the three Ds (Murie, 2007, pp. 5 7). According to International labour organization, the industry which accounts 7% of the global employment is responsible for 30 to 40 percent of worlds fatal injuries. The Construction industry is not a homogeneous sector due to its nature of work involved. It is composed of various competitive firms; the majority is who brought together for one, bespoke project before transferring to other projects. Construction industrys characteristics are in controversial behaviour, lack of co-ordination, lack of customer focus, deprived co-ordination and lack of investment in research and development. In most of the building projects clients raise their demands and cut down the initial capital and ongoing operational and maintenance costs set against an already competitive industry. Construction organisations are under pressure to develop or implement innovative technologies and practices in order to satisfy their demands (sexton et al, 2005). Construction industry has a poor reputation for lack of innovation, and for being slow to adopt new technologies. Occurrence of large number of fatal accidents and poor health and safety concern of the labourers is the main drawback of construction industry. As per International Labour Organization (ILO), in construction industry the rate of fatal accidents is 60,000 per year. Also about 30% of labourers are affected by health problems such as musculoskeletal disorders, back pains and other bone related health issues. All the construction industries are temporary in nature. In most of the projects the progress is delayed mainly due to human errors, which results in contract penalties. The employees of construction industry have a great value at all levels, in particular the construction site managers and the foremen as they have the main responsibility to maintain health and safety in the construction sites. It is very important to be updated with regards to the new legislations and recent developments (Hughes and Ferret, 2008). The main concern over number of years of health and safety issues in construction industry particularly in 2006/2007 when there was a rapid increase of 28% in construction fatalities. The legal health and safety requirements for all places are of numerous and complex. (Hughes and Ferret, 2008). 1.2 Background of the study India is the second fastest growing economy of the world at present. India has recorded one of the highest growth rates in the 1990s (P.R. Swarup. 2006-07).Construction industry in India is the second largest industry. The construction industry employs around 17.62 million worker shall comprise 55% of the unskilled, 27% skilled labour and rest consists of support and technical staff (Kulkarni, 2007). Even though there is a great increase work force, the industry remained labour intensive due to financial constraints often employs hazardous technology and relatively inexpensive this is particularly true for unorganized small scale sectors (Brindha, 2005) The construction projects often face complex situations due to bad weather conditions. Most of the workers in this industry are drawn from low income groups who face predictable occupational injuries and illness. The construction workers die from work related trauma at a rate three times higher and suffer from dermatologic conditions, hearing loss, musculoskeletal, and lung diseases when compare to workers from other industries. In particular, the national cost from lost production, worker compensation and medical care and other related claims remains very high, which contributed cost $7billion annually (NIH, 1993). In India, there are no authentic data in respect of the accident rates, and the prevention and causes taken by the industry. However, one study reported 165 per 1000 workers get injured during construction activities. This is very high compared to the rates in the developed countries and even certain developing countries (Damodaran, 2006). In India, the construction industry is regulated by the following acts. The Building and Other Construction Workers (Regulations of Employment and Conduct of Service) Act, 1996. The Building and Other Construction Workers Cess Act, 1996, The Contract Labour Act, 1970. The Inter-State Migrant Labourers of Employment Conditions of Service Act, 1979. Construction workers do not get benefit under the Employees State Insurance Act 1948, but are covered by the Workman Compensation Act, 1923 (Parveen Patil, 2009). The Britains Construction Industry is said to be one of the safest in Europe, and industry is in a period of strong growth with the infrastructure and constructive sectors. The UK construction sector output is the second largest in Europe and contributes about 8.2% of the nations Gross Value Added and 8% of Gross Domestic Product and construction outputs of  £102.4 billion at current percent. The UK construction industry employs more than 2 million people, this is because the mature of work they do have a high incidence of occupational health (Health and Safety, 2011). The Construction industry provides an essential material for homes, schools, hospitals, industries, roads and railways etc. In UK, the laws are strict which encourages the workers to eliminate the accidents. In addition, the preference for health and safety is much higher in UK, than the many other countries and also provide regular Health and Safety training for site supervisors and project engineers. 1.3 Statement of the problem Most of the construction projects are often results in cost delay in completion, due to the fatalities involved in the construction site. The construction workers The construction workers are more prone to accidents, thus the industry is considered as one of the most hazardous industrial sectors. In India, the report from International Labour Organization (ILO, 2009) revealed that every year nearly 50,000 Indian die from illness or work related accidents and in particular construction activities, on an average, 165 workers are injured. However, these figures are higher than UK (Tony Baxendale et al, 2000). In developed countries like United Kingdom, there is strict legal enforcement of safety in the construction industry and also in the implementation of safety management systems which are designed to minimize or eliminate accidents at work place. Safety and health in the Indian construction industry has lagged behind most other industries as evidenced by its disproportional high rate of accidents. There are annual at least 60,000 fatal accidents on construction sites around the world, according to an ILO report published for World Day for saf ety and Health at Work, 2005

Wednesday, November 13, 2019

Comparing Crime and Punishment and Taxi Driver :: comparison compare contrast essays

Crime and Punishment and Taxi Driver He is a man whose psychological workings are dark, twisted, horrifying, and lonely. He is an absurd, anti-hero who is absolutely repulsed by his surroundings, and because he is unable to remove himself from them, he feels justified in removing other people. This profile fits Travis, portrayed by Robert DeNiro in Scorsese's film "Taxi Driver,", and Raskolnikov, the main character of Dostoevsky's novel Crime and Punishment. Their revulsion for life leads both men to commit cold-blooded murders, but the story lines contain major differences. By contrasting these differences and comparing the common themes of the classic and the film, we may come to a clearer understanding of the purpose of both stories. The root of both Travis' and Raskolnikov's problems is their complete and utter disgust with the world around them. Travis is a New York City cab driver who drives everywhere and picks up anyone. It doesn't matter to him if the customer is a prostitute who uses his backseat as her workplace. He just drives around with a glazed look of indifference in his eyes, while inside, his heart is overflowing with rage. In contrast, Raskolnikov is an ex-student living in St. Petersburg during the mid 1800's. He is extremely poor, and therefore lives in an area called the Haymarket, where all the whorehouses and bars were located. Every time he goes out, he walks past the dregs of society, which fills his heart with hatred for everyone and everything. Both characters see the world to be completely evil and devoid of all goodness, and this existential view drives them to become exactly what they so desperately hate. Their revolt against ugliness pulls both characters towards the most ugly of all deeds - murder. Travis dreams that "someday a real rain will come and wipe this scum off the streets." He feels some sort of divine calling to actually become this "real rain." Similarly, Raskolnikov plots to sacrifice one "louse of a human being" who is "no good to anyone" for the benefit of thousands. Out of this scheme he derives his Extraordinary/ Superman theory that states that humans are divided into the ordinary and the extraordinary, the men and the supermen.

Monday, November 11, 2019

Environmental Degradation – Air Pollution

The environmental degradation is the deterioration of environment through depletion of resources, such as soil, water and air. When natural habitats destroyed or natural resources depleted, the environment are degraded. Here's, one example of air pollution which lead to environment degraded in London. London in SE England had the reputation of one of the most polluted cities in Europe in the 1950s. Air pollution had reached such a serious stage that it caused the London Smog in 1952 that caused 4000 deaths and a host of other related ailments among the Londoners. One of the main causes of the serious air pollution was the burning of fossil fuels by the many manufacturing industries producing iron and steel, automobiles, machinery, textiles and food. Coal and Oil were the main sources of fuel for the factories which resulted in the release of carbon dioxide, sulphur dioxide, smoke, soot and other particulates. Inefficient machinery and obsolete techniques coupled with the improper monitoring worsened the air pollution. the severe air pollution was causing acid rain, smog and health problems. London being the capital city has a very population density and a large volume to transport vehicles such as aircrafts landing and taking off at the Heathrow airport, lorries and buses on the streets, steamships and boats along the Themes River and private cars; all which were burning up coal, petrol and diesel in large quantities. This led to additional pollutants such as carbon monoxide, lead and carbon being released into the air. Fossil fuel combustion was also prevalent in the domestic households. Even fuel wood was burned to provide heating for homes. Inefficient combustion techniques and building construction led to incomplete burning and excessive release of air pollutants such as gases, smokes and particulates. Thermal electricity generation using fossil fuels further contributed to the worsening of the air quality. n addition, ignorance on the part of individuals and the authorities as regards the burning of garbage, accidental fires and burning of forests aggravated the air pollution. The lack of proper monitoring, legislation and implementation of environmental quality laws did little to alleviate the situation, thus leading to serious degradation of air quality with its heavy toll on human life, livestock, fish and vegetation.

Friday, November 8, 2019

Dr Jekell and Mr Hyde essays

Dr Jekell and Mr Hyde essays The term Jekyll and Hyde, now a part of our common language, can be found in most dictionaries. Random dictionary definitions of Jekyll and Hyde include: 1) One who has quasi-schizophrenic, alternating phases of pleasantness an unpleasantness. 2) A person having a split personality, one side of which is good and the other evil. 3) This phrase refers to a person who alternates between charming demeanor and extremely unpleasant behavior. This concept revolves around the experience of Dr. Jekyll, enabled by drinking a potion, into living as his own living side, whom he names Hyde. Stevenson intended Jekylls character to be pronounced Je (French word for I) Kill (Je-Kill = I kill), as an indication that the doctor wanted to isolate the evil portion of himself, appropriately named Hyde, meaning low and vulgar hide or flesh which must hide from civilization. When Robert Louis Stevenson wrote the story Dr. Jekyll and Mr. Hyde, he portrayed mans evil nature as a portion of his total makeup, and showed that the evil portion will often express itself more forcefully and powerfully than do the other aspects. Throughout life, a person can develop a sense of the conflict that actually involves ones good and evil natures. Often a persons current actions reflect their childhood experiences. Jekyll, described by Stevenson, born wealthy, grew up handsome, honorable, and distinguished. Yet, throughout much of his life, he commits secret acts which he thoroughly regrets. Early in Jekylls development, Stevenson had him recognize a profound duplicity of life...so profound a double dealer and that man is not truly one, but truly two. Intellectually, he evaluates the differences between his private life and his public life and, ultimately, he becomes obsessed with the idea th ...

Wednesday, November 6, 2019

Financial Analysis of Nokia The WritePass Journal

Financial Analysis of Nokia Introduction of Nokia Financial Analysis of Nokia Introduction of NokiaFinancial RatiosProfitability Ratios:Return Ratios:Activity Ratios:Liquidity Ratios or Credit Ratios:Share Holder’s Ratio:ConclusionReferencesRelated Introduction of Nokia Nokia, one of the leading brands in mobile phones, was started by a mining engineer, Fredrik Idestam, in 1865 by making paper from wood pulp mill; a second paper mill was built on Nokianvirta river that gave birth to the present name of this company-Nokia. The company then started different business and mergers and then finally started mobiles business in 1968. Its head office is in Espoo, Finland and currently has almost 132,000 employees worldwide. Its main products (mobile phones, smartphones, mobile computers, Networks) and services (Maps Navigation, media software solutions, music, messaging) are in the field of Telecommunication, Internet computer software.   Nokia is selling its products to almost 150 countries globally with annual revenue of over 42 billion euro with 2 billion operating profits and global market share of nearly 35% in 2010.   (nokia.com) Nokia did many innovations and has credit to be the world’s No 1. in many of its products and services e.g. worlds first portable NMT car telephone   (Nordic Mobile Telephone-NMT)   built by Nokia, GSM call, Nokia Tunes, satellite call, brings   Internet on mobile. It introduces First 3g Phone, digital hand portable phones supporting data, fax and the Short Message Service, integrated wireless payphone, dual mode AMPS/TDMA phone, high-speed data terminal for wireless networks, WAP handset, introduced the industry first multimedia messaging solution, first 3GPP compliant WCDMA/GSM dual mode phone, first TDMA handsets with full-color displays, mobile handset with a 4GB hard disk which can store up to 3000 tracks, Nokia N95 was the world’s first device combining GPS and wireless broadband (HSDPA/WLAN). From January 2010, high-end car and pedestrian navigation is available for free on Nokia smartphones.   (Zacks research, 2011) One can imagine its success and popularity from the fact that till 2005, 2 billion mobiles were sold worldwide and Nokia alone sold its billionth phone in that year. According to Nokia Corporation, ‘Nokia’s story continues with 3G, mobile multiplayer gaming, multimedia devices and a look to the future’ (nokia.com) and â€Å"Nokia’s mission is simple; Connecting People. Our strategic intent is to build great mobile products. Our job is to enable billions of people everywhere to get more of life’s opportunities through mobile.† (nokia.com) Currently, with the invention of many smart android phones, Nokia is facing stiff competition in mobiles market as its sales figures are moving downward. But they are now making changes in their structure and operations that is depicted by their statement, â€Å"Nokia has recently outlined its new strategic direction, including changes in leadership and operational structure to accelerate the company’s speed of execution in a dynamic competitive environment.† (nokia.com)                 Ã‚   Critical Discussion of Recent Past Performance – Financial Ratio Analysis Financial analysis helps in establishing a relation between various financial statements’ elements which can then be compared with other information about the business. This also determines the future prospects of the company and the area that needs improvement. The basic purpose is to analyze the current financial position performance of the company according to which a judgement can be made regarding future performance of the business. (Dyson. J.R, 2007) Financial analysis from the point of view of an investor is mostly concerned with the profitability of the company and also the returns what the company pay to their stock holders in the form of dividends and/or right shares and increase in the stock value. (CIMA, 2000) One has to look carefully to the annual accounts of the company and the yearly growth trend in terms of revenues, profit and its market share. For the analysis purpose, consolidated accounts of Nokia i.e. Income Statement, Balance Sheet, Cash Flow Statement for the last four years from 2007 to 2010 is taken into account and theses figures obtained from the company’s website are given below: Consolidated Income Statement of Nokia for the Year Ended (EURm)     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2007  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2008  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2009  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2010  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Net Sales/ Revenues  Ã‚   51,058  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   50,710  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   40,984  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   42,446 Cost of Sales  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   33,781  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   33,337  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   27,720  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   29,629 Gross Profit  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   17,277  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   17,373  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   13,264  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   12,817 Res Dev  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,636  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,968  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,909  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,288 Sell Ad Exp  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,544  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,664  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,078  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   4,529 Other Inc  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2,312  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      420  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      338  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚   507 Other Exp  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      424  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,195  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      510  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚   56 Op Profit  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   7,985  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   4,966  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,197  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2,070 Profit Bef Tax  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   8,268  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   4,970  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      962  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,786 Tax  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,522  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,081  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      702  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚   443 Net Profit   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   6,746  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   3,889  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      260  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,343 (nokia.com) From this income statement, it is observed that Sales are having a decreasing trend from 2007 to 2009 but shows a slightly increase in 2010 and cost of sales, operating profit,   earnings per share and the net profit   has also the same trends. It means that profitability of Nokia was much better in 2007 that is 6.7 billion euro as compared to 260 million euro in 2009, but it again shows signs of improvement in 2010 and net profit become 1.3 billion euro. Consolidated Balance Sheet of Nokia for the Year Ended (EURm)     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2007  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2008  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2009  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2010 Assets Cash Eqv  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   11,992  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   7,854  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   9,202  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   12,653 A/Rec  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   11,356  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   9,545  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   7,995  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   7,609 Inventory  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2,876  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2,533  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,865  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2,523 Other C/A  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   3,070  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   4,444  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   4,551  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   4,360 Tot C/A  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   29,294  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   24,470  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   23,613  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   27,145 Plant PE  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,758  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,985  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,822  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,856 Goodwill  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,384  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   6,257  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,171  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,723 Tot Assets  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   37,599  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   39,582  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   35,738  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   39,123 Liabilities A/Pay  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   7,074  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,225  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   4,950  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   6,101 Tot C/L  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   18,976  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   20,355  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   15,188  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   17,540 Oth/L  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,285  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2,717  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,801  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   5,352 Tot/Liab  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   20,261  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   23,072  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   20,989  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   22,892 Equity  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   17,338  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   16,510  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   14,749  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   16,231 Tot Lib Eq  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   37,599  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   39,582  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   35,738  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   39,123   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   (nokia.com) The balance sheet gives an idea to investor that how much business is invested by the shareholder’s equity and how much debt is owed. (Dyson. J.R, 2007) It is depicted from these balance sheets of Nokia that approximately 45% business is financed by the equity in 2007 but for the next three years this figure is reduced to around 41%. This shows that company owes more in 2010 as compared to 2007 and its financial position was much better in 2007 compared with 2010. Consolidated Cash Flow Statements of Nokia for the Year Ended (EURm)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2007  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2008  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2009  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2010 Net Income  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   6,746  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   3,889  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      260  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,343 Depreciation  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,206  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,617  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,784  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,771 Cash from Op Act  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   7,882  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   3,197  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   3,247  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   4,774 Cash from Invest  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      -710  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   -2,905  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   -2,148  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   -2,421 Cash from Finance  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   -3,832  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   -1,545  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚   -696  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚   -911 Net Change in Cash  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   3,325  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   -1,302  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚   378  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1,666 (nokia.com) The analysis of Cash flow statement gives true information about profit of a company as it relies on real cash transactions. Income statement can sometime mislead because of insufficient cash flows figures showing on the statement. Investors are mostly interested in cash flow statements before making decision to have a clear picture of the company’s cash transactions. The company’s with plenty of cash availability mostly have fewer problems for expansions or investments for growth, paying off debts or to buy back their own stocks. This cash flow statement shows that Nokia has good position as regard to the cash flow during the year 2007, but it comes to negative figure in 2008 because of losses from investments and finances, but it recovers again in 2009 and makes good progress in 2010. It overall shows that although Nokia had a hard time in 2008 but it picked up again in the subsequent years. Financial Ratios Some financial ratios are calculated as regard to profitability,   asset turnover, short term and long term liquidity ratios based on the figures outlined in the Income Statement and balance sheets given above for four years from 2007 to 2010. These ratios and their explanations are given as under: Profitability Ratios: Gross Profit Margin  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   33.84%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   34.26%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   32.36%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   30.20% Op Profit Margin  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   16.19%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   9.80%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2.34%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   4.21% Net Profit Margin  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   13.24%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   7.63%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   0.63%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   3.21% Profitability ratios compare components of income with sales and provide an idea of what makes a business’s income and is expressed as a portion of each sales unit i.e. euro in case of Nokia. These profit margin ratios are different only in terms of numerators and reflect and evaluate performance of different aspects of the company. These all profitability ratios explain the Nokia’s ability to generate the earnings and coverage of its expenses and other costs for the same period (Dyson. J.R, 2007) For Nokia, we observe that Gross profit margin (Gross Profit/ Sales) remains almost equal (30.2% to 34.2%) for the four years in observation, but the operating profit and Net profit margin shows a great fluctuations ( 2.3% to 16.1% in case of op profit and 0.6% to 13.2% for net profit). This means that Nokia has more operating expenses i.e. selling, marketing, RD and administration expenses. Secondly, if we see vertically, in year 2007, the difference between Gross profit and net profit is less (33.84%-13.24%= 20.6%) as compared to subsequent years e.g. in year 2009, the difference is 32.63%-0.63%= 31.73; this shows that in this year there is more operating expenses. But this situation improves a little in 2010 and net profit becomes again 3.21%. Return Ratios: Return on Assets  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   17.94%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   9.82%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.00%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   3.90% Return on Capital  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   54.8%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   27.2%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   6.7%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   7.02% Return on Equity  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   53.9%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   27.5%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   6.5%  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   8.67% Return ratios are also important profitability ratios. These measures the efficiency with which a business employed its assets, capital and equity for profit generation i.e. amount of profit in relation to investment of total assets. For Nokia, these ratios show that assets are employed more efficiently in the year 2007 and then it has a decreasing trend till 2009 and shows a better position for 2010 as compared to 2009. Activity Ratios: Tot Asset TO  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.4x  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.3x  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      1.1x  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.1x Fix Asst TO  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   29.0x  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   25.5x  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   22.5x     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   23.1x Inventory TO  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   17.8x  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   20.0x  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   22.0x  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   16.8x Activity ratios measures how well the business assets are used i.e. the benefit produced by the company’s assets or how effectively the business investment is being used. The greater the turnover, more effectively the assets are being used (Dyson. J. R, 2007) Liquidity Ratios or Credit Ratios: Current Ratio  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.5:1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚      1.2:1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.5:1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.5:1 Acid Test Ratio  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.23:1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   0.86:1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.13:1  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.15:1 These two liquidity or credit ratios measure whether a business can pay off debts or bills from its resources over the next twelve months. Acid test ratio (current assets-inventories/current liabilities) gives a clearer picture than current ratio (current assets-current liabilities) because it shows that business is capable to pay off its current liabilities without selling the inventory because sometimes it becomes difficult to sell the inventory at the time of solvency. Nokia has a good result for these ratios, and shows that the business can easily pay its debts in case there arise any problem. Long Term Solvency Debt/Equity Ratio  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.17  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.39  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.42  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.41 This debt equity ratio is greater than one, means that Nokia’s most assets are mainly financed by debt than shareholder’s equity (Dyson. J. R, 2007) This ratio shows that how much Nokia is relying on debt. From these figures, it reveals that Nokia is depending more on debt as compared to the equity and this has an increasing trend from 2007 onwards. Share Holder’s Ratio: Earning /share  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.85  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1.07  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   0.24  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   0.50 The investors have a keen interest in this ratio as this shows that how much business earns in terms of share of stock because if the business earns more, then it can give more to their shareholders. Nokia’s earning per share is 1.85 in 2007 which decreases to 0.24 in 2009 but again shows a good performance in 2010 therefore E/Share increased to 0.50. Other Issues to be Considered in Pursuit of a Potential Investor   A potential investor has to do a full market research about the company and the trends of its growth, market reputation, its competition, development growth within the company and within the industry along with the complete examination of the financial statements because an investor not only needs a return on the investment but also wants safety of its funds invested. For financial analysis, one has to consider the revenue generation, operating income from operations, net income, return on equity, balance sheet strength and the competitive advantage over a period of years and also its trend along with the trend of the industry. As far as Nokia Corporation (NOK) is concerned, it is the largest manufacturer of the mobile phones in the world and is the market leader in most of its innovations since 1990’s. But due to the significant increase in the use of smartphones and android phones in the past recent years, Nokia is facing some difficulties for maintaining its same market share as it was before. Global mobile phone sales totalled 269.1 million units in 1st qtr of 2009, decreased 8.8% from 1st qtr of 2008. Smartphone sales were 36.4 million units, an increase of 12.7% from the same time last year. Nokia continued to lead the mobile phone market, but its market share dropped from 39.1% to 36.2% in the 1st qtr of 2008 to 1st qtr of 2009. Smartphones sales are 13.5% of all the mobile devices sold in 2009. (Gartner, May 2009) 5 Year Stock Charts for Nokia Corporation- US (NOK) ( As on 22-04-2011) Source: Businessweek.com Industry Analysis-Year to Date (As on 22-04-2011) Nokia (NOK) Source: Businessweek.com As the consumers are using more smartphones and android phones now a days, therefore its market share are increasing and also the future expectations to use these phones, as is shown in the figures below: Smart Phone Market Share with OS (March, 2011)   Source: The Nielson Company (http://tech.fortune.cnn.com) Next Desired Operating System (Consumers planning on getting a new smartphone in the next year) Source: The Nielson Company (http://tech.fortune.cnn.com) Nokia has lost its market share in profitable smartphone segment because of Apple’s iphone and Google’s android phone. In the last few years consumers are moving towards most modern Android phones from Samsung, HTC and prefer less to use the old symbian platform used by Nokia. The Gartner, one research firm expects that android will replace Symbian, and will become the world’s most widely used smartphone this year. Its global market share is expected to be 38.5% as compared to symbian 19.2%. (The Wall Street Journal, Apr 2011) According to Gartner â€Å"By the end of 2011, Android will move to become the most popular operating system (OS) worldwide and will build on its strength to account for 49 percent of the smartphone market by 2012†Ã‚   ( Gartner, Apr 2011) Their prediction table is given below: Worldwide Mobile Communications Device Open OS (Operating System) Sales to End Users by OS ( Thounds of Units) Source: Gartner (April, 2011) In pursuit of fierce competition from other companies like Samsung, Motorola, Apple, Google, HTC and others, some   recent developments made by Nokia: Nokia has entered in a fifty-fifty joint venture with Siemens AG after receiving Chinese regulatory clearance in acquiring the wireless network infrastructure assets of Motorolla Solutions Inc. Nokia started using Windows Mobile 7 software in all of its smartphones. (Zack research, 2011) Nokia made a definitive agreement with Microsoft Corp for the development of a smartphone ecosystem. (BBC, 2011) In the first quarter 2011, net revenue was $14,214 million that is increased by 9% year over year. This increase was due to the stronger demand, average selling prices and higher volume sales in most of the regions. (Zack research, 2011) Gartner says, that after Nokia replacing symbian with Microsoft   Windows phone operating system, it will not only be able to cut operating cost but also proving better products services to its customers.   In 1st qtr of 2011, Nokia’s smartphone share in the global market fell down to 26% from 41% one year ago. The company is also expecting that its 2nd year will also be challenging, but because of the deal with Microsoft ‘there is less uncertainty for investors about the companys future prospects’ (The Wall Street Journal, Apr 2011). This deal will also help Nokia in clearing the hurdles in the way of commercializing the new Windows smartphones as quickly as possible. In the 1st quarter 2011, Nokia’s quarterly revenue was up 9% year over year. The increase was attributable to higher volumes in most regions driven by stronger demand and higher average selling price (ASP). However, gross margin was 29.1% compared with 32% in the last quarter. (Zack Research, Apr 2011) Also Hudson securities said (Apr 2011) that Nokia reported strong results for its 1st quarter 2011 with revenue earning per share more than expectations. According to International human press newswire, Nokia’s global presence is still significant as 1.3 billion people using the Nokia’s phone for connecting every day. The Nokia’s deal with Microsoft seemed to be another â€Å"Blockbuster†, its sales will increase and the prices could go back to 2007. (ITHP, Feb 2011)    Conclusion Nokia (NOK), a Finland based multinational company, is the biggest name in the mobile communication technology. Earlier it was involved in many businesses but from 1992 it concentrated on its communication segment and soon became the market leader in many of its innovations. Nokia’s phones are loved by every sector of the consumers, not only because of their reliability but also because that it is providing the cheapest mobiles with most basic functions and also high quality phones with all the latest functions. Its market share remains above 40% globally till last few years. In 2005, 2 billion mobiles were sold worldwide and alone Nokia sold its billionth mobile in that year. There is a fierce competition in the mobile communication market. Main competitors are Nokia, Apple, Samsung, Google and HTC. All suppliers are making innovations and trying to provide new extra functions or services in the mobiles therefore expectations of the consumers are increasing day by day and in this race many companies are providing new innovative mobiles periodically. From the financial statements of Nokia and the ration analysis, it is examined that Revenues, operating income, profit margin, return on equity, earning per share from 2007 has a decreasing trend till 2009 but all these shows positive developments again from 2010. Current ratio, Quick ratio is also in favour of Nokia. Also, in first quarter 2011, Nokia did very well and more than expectations. Although its overall market share is somewhat decreasing due to the Apple’s iphone and Google’s android phone. But as Nokia did a deal with Microsoft recently for using its windows 7 and producing an ecosystem in mobiles, and also it is doing re-organization of the company, it is expected that it will be able to gain its market share again, still 1.3 billion people are using Nokia worldwide. Therefore, one can invest in Nokia but also need to keep an eye on the growth and development it is making with the passage of time. References BBC News, Nokia and Microsoft form partnership. 11 Feb 2011, online, assessed on April 20,2011, available from bbc.co.uk/news/business-12427680 Business week, April 22, 2011, ‘Information Technology Sector, Communications Equipment Industry’, online, assessed on April 22, 2011, available from   http://investing.businessweek.com/businessweek/research/stocks/earnings/earnings.asp?ticker=NOK:US CIMA. (2000) Management Accounting Official Terminology. London: The Chartered Institute of Management Accountants Dyson, J.R. (2007) Accounting for Non-Accounting Students. Seventh Edition, England: FT Prentice Hall Fortune, CNNmoney.com, ‘Nielsen: Android gains, iPhone  slips’ April 26, 2011, online, assessed on Apr 26, 2011, available from http://tech.fortune.cnn.com/2011/04/26/nielsen-android-gains-iphone-slips/ 6.  Ã‚  Ã‚  Ã‚  Ã‚   Gartner Research, May  20, 2009,   ‘Gartner Says Worldwide Mobile Phone Sales Declined 8.6 Per Cent and Smartphones Grew 12.7 Per Cent in First Quarter of 2009’, online assessed on Apr 26, 2011, available from   gartner.com/it/page.jsp?id=985912 Gartner Research, April  7, 2011 ‘Gartner Says Android to Command Nearly Half of Worldwide Smartphone Operating System Market by Year-End 2012’,   online, assessed on Apr 26,2011, available from gartner.com/it/page.jsp?id=1622614 8. ‘Hudson Securities Reports Strong 1Q11 Results For Nokia’ April 21, 2011, online assessed on Apr 27, 2011, available from http://origin.benzinga.com/analyst-ratings/analyst-color/11/04/1023585/hudson-securities-reports-strong-1q11-results-for-nokia ITHP, International human press newswire, ‘Invest in Nokia?, Feb 2011, online, assessed on Apr 26, 2011, available from ithp.org/articles/nokia.html Nokia website, online, assessed on April 15, 2011,   available from nokia.com Reisinger. D,   Cnet news, April 26, 2011, ‘ Nielsen: Android gains, iPhone  slips’, online, assessed on April 26, 2011, available from http://news.cnet.com/8301-13506_3-20057445-17.html The Wall Street Journal, 21 Apr, 2011, ‘Nokia Lifts Itself Out of the Doldrums’, online, assessed on Apr 26, 2011 available from http://money.uk.msn.com/wall-street-journal.aspx?cp-documentid=157142938 Zacks Research, Business News, ‘Nokia Surprises in 1Q11’ 21-02-2011, online, assessed on April 17, 2011, available from favstocks.com/nokia-surprises-in-1q11/2148356/

Monday, November 4, 2019

Economic cost of illegal migration Essay Example | Topics and Well Written Essays - 1250 words

Economic cost of illegal migration - Essay Example This statistics clearly mentions the height of immigration and its effect on the Americans. Surely, Mexican's will be benefited, if the immigration is allowed into United States because another research states that after export and oil sales, money sent by legal and illegal immigrants working in US is one of the largest revenue streams ('Economic Costs of Legal and Illegal Immigration'). World economic welfare will be severely affected as the nation which donates good amount towards welfare will have to divert its fund towards those immigrants. Economic welfare in the context of immigrants is to provide economic stability and growth to all the legal and illegal immigrants. 2) Monetary Union is a union between countries that use the same currency which is managed by one common central bank (Grauve, 113). Following are the monetary unions which are currently functioning: b) Brunei - Singapore Monetary Union: The currency under operation is Singapore dollar which is utilized by Brunei and Malaysia. Under tripartite arrangement, the currency of one country was circulated in other country (Kee Jin, 2). c) South Asian Association for Regional Cooperation: The SAARC was established in 1985 integrating common currency of 'Rupee' among South Asian countries like Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. d) The United States: This monetary union was formed with the congregation of 13 original US colonies utilizing US dollar as the common currency. e) Central American Monetary Union Council - Established in 1964 by the central banks of Costa Rica, El Salvador, Guatemala, Honduras and Nicargua in order to promote the coordination of credit and exchange policies and the countries deal in dollar f) Eastern Caribbean Central Bank: The union was created in 1983 managing EC dollar for eight Caribbean countries. g) West African Economic and Monetary Union (WAEMU): WAEMU was formed in 1994 with the congregation of eight countries sharing CFA (Communaute Financiere Africaine) Franc as a common currency. h) Central African Economic and Monetary Community (CAEMC): Was formed with six countries sharing CFA (Cooperation Financiere en Afrique Centrale)Franc as common currency among them (Monetary Unions [Current and Future]). 3) Both, the products of Borden and General Foods are targeted younger generation. The Lady Borden ice cream and cheese has been created to provide them a glimpse of United States culture, their tastes and preference through the packing of cheese whereas the chewing gum ad campaign is made for French citizens which is visible in the ad campaign wherein most of the ads are shot at beach places. France has good number of beaches and the chewing gum spreads the message of refreshness through Hollywood chewing gum. 4) The services provided by IMF and World Bank are public goods as both the organizations deal in urban and rural development, financial assistance and other development programmes aimed at poverty alleviation. The services provi

Saturday, November 2, 2019

Reflecting on Multicultral Education Coursework

Reflecting on Multicultral Education - Coursework Example Multicultural education therefore involves accepting and understanding facts on the cultural expressions and the positive contributions from different groups. Some of the cultural practices seem to be of a great meaning than others but this depends on the society they are involved. It encourages positive contributions of different groups in the society involved, if multicultural education is not thought and spread wide, many people are going to face discouragements from both their skin color, religion, culture and their traditional practices. Raising a point in a place where majority of them are not from your race, the point is being seen as a little valuable since you lack people from your race to offer you a support. So let us be more flexible to learn and appreciate other people despite the differences. Sometimes we fear learning multicultural education since we see it to bring foreign concepts and ideas that will lead to a change in the nation from its old historical norms and make it something different from what is used to be there before (Banks, 1999). This therefore makes people to stand firm and keep watching as none is ready to be the initiator of that change. In doing away with this kind of fear, many nations have come up with new ways of dealing with it. Institutions in the societies such as churches, schools and business organizations are greatly showing their efforts to manage this kind of diversity, since there is a genuine reason as to why we need to relate human differences in which it will help us understand each one of us rightly. Let us know that we all equal. Positive attitudes to learn others peoples culture will help us change our old mentality and behaviors. In the current society, there are many important roles that educators are required to put more efforts on multicultural education. We can not be able to count our educational systems complete is it is not involved in it,

Thursday, October 31, 2019

Strategic Brand Communication Essay Example | Topics and Well Written Essays - 3000 words

Strategic Brand Communication - Essay Example Building brand equity requires communication effectiveness. If the brand equity is high, consumers may be willing to process these communications more favourably (Keller, 2009). However, today companies have evolved from these stages of brand management and as per Goodyear’s model many organizations have evolved and reached the stage where brand is viewed as a policy (McEnally and De Chernatony, 1999). Brand communication has evolved from helping consumers organize their knowledge about products and services based on the mental structures enabling them to clarify their decision making. Brand communication must also be directed at employees as they are an important part of ‘performing the brand’. The Body Shop is one such company where its employees live the brand. Branding is the means to distinguish goods of one producer from another. Referring to a brand means the product or service has created certain amount of awareness, prominence and reputation in the market place (Keller, Parameswaran and Jacob, 2008, p1). Developing employees to participate in the brand and live the brand is known as internal branding. Consumers can form brand associations in a variety of ways – other than marketing activities. ... In other words, employees communicate the brand through their activities. Communication directed at employees has several dimensions. First, employees must know what they are expected to project. This implies that employees must receive messages that are consistent, frequent and in alignment with the organizational mission, vision and core values. Employees’ understanding and knowledge of the desired brand is necessary to facilitate brand communication. Employees must have the capacity to internalize the desired brand image and then reflect it to others. This suggests that the organization or the leader must first demonstrate the values. Anita Roddick’s concern for the environment manifests itself in the plan of The Body Shop (Argenti and Druckenmiller, 2004). The leader’s own personality can help shape the personality of their company’s brand. This is evident from the way that the leader created the brand image without engaging in conventional advertising . The Body Shop created a brand image without going in for conventional advertising (Keller, Parameswaran and Jacob, 2008, p57). It strongly associated with personal care and environmental concerns as it used only natural ingredients and never tested on animals. They communicated this message through advertising which helped build the brand image of an ethical company. Their environmental concerns are also communicated through packaging which is simple, refillable and recyclable. Staff at The Body Shop is always encouraged to be enthusiastic and informative about environmental issues. Their sourcing policy also communicated their brand image – they use local small producers from around the world. They engage in social action program which

Monday, October 28, 2019

Pips family Essay Example for Free

Pips family Essay In chapter one of the story we discover that Pips family is deceased, well apart from his sister. They all died from common diseases like flu and measles and other illnesses which some were treatable but, medicine was not affordable for the poor. The social conditions in the nineteenth century were unfortunate. There wasnt much medicine and there were no cure for common diseases and there was a lot of poverty, poor people had to work which includes children working in factories, there wasnt in the least of education for the poor. This all tells us that life was hard to live in Britain in the nineteenth century if you were poor. Today in Britain it is greatly different, there is less poverty, more education, affordable prices for medicine, children dont need to work to support there family, also there is the NHS health service and there is child benefit along with income support. Pip encounters an escaped convict when he goes to see his mothers grave. Pip was petrified when he saw this convict; he was an enormous man and was chained up to his legs. In those days all convicts were known as murders so when Pip met him he was horrified. Then the convict forces Pip to bring food to eat and a filer to break lose from the chains on his hands and legs. In Pips village the standard of education was important but the poor often couldnt afford it. Only the rich and wealthy families were able to afford education. Poor people werent expected to get educated in Pips village. Pip was expected to work and support his family when he was older. Pip wanted to become a black smith like Joe. Charles Dickens wants to create a miserable impression about education among the working classes. He wants to show how unfortunate children were in the working classes as they can not get any education and had to support there families. The children of wealthier families received different standard of education from the poorer families. They werent amongst the working classes, they didnt need to work to support there families they could afford education as well as medicine, which means that life wasnt bad for rich and wealthy families. Joe and Pip are extraordinarily good friends Because Joe is a fully grown man and Pip is a youngster and there relationship is very secure and close, they can talk to each other in confidence, can keep secrets from each other and support each other in any way. Joe had an extremely dreadful childhood he suffered from a lot of violence from his dad as he gave a great deal of pain to Joe and his mother by beating them. Joes dad was constantly drunk also, they were suffering from poverty. Joe explains his father and childhood to Pip. He tells him about the violence he suffered from his father this makes Pip feel uncomfortable and sorry about Joe. I was not at all at my ease this is how Pip felt, he felt anxious and confused when the time was up to go to Miss Havishams house for the arrangement. At the gates of the Satis house Pip met Estella. Estella treated Pip awfully bad. She kept on calling him boy at the end of her every sentence, this was very impolite and rude. By Estellas words and actions it made Pip feel like someone not to be complimented at even for this Pip had feelings for Estella. Estella knows that pip comes from a poor social background. She feels that he is someone that has no education and manners so she speaks to him very rudely by calling him not by his name but by boy at the end of every sentence. When Pip left the Satis house he felt like a common labouring-boy and felt more ignorant because he cried in front of Estella at the gates of the Satis. Pip was very irritated by the way Joe was dressed, which it was in his Sunday clothes and he also was irritated when Joes behaviour was very embarrassing during their meeting with Miss Havisham. Joe was trying to act smart and act like a gentleman but he made things worse by tying to say big words like Astonishing but he said it all wrong he said it like as-TON-ishing this made Pip feel more irritated and Nervous. When Joe was speaking to Miss Havisham he was addressing to Pip, Pip was trying to give him a clue to stop Joe from looking at him and to look at Miss Havisham when speaking to her but Joe was to dense to notice. This all is showing us that Pips attitude changes towards Joe; he starts feeling ashamed about Joe because he showed out Pips social and financial life at the meeting with Miss Havisham by the way he speaks and dresses. I dont think Pip should have felt this way because Joe is his close friend and he should not change his feelings and actions towards Joe just because he gets irritated at him. Now we can see that Pips social life and poverty is affecting his own character.

Saturday, October 26, 2019

How can music be an influence?

How can music be an influence? Entertainment can be categorised into few different ways such as dancing, vacation, and watching movie. Nowadays, most of the people have been focus more on listening to musics. Music is one of the entertainments that commonly focus by young people such as teenagers. Besides that, music has bring a lot of advantages for the teenagers to try to communicate with one and other and to be more update in the world of teenagers. In the other hand, music also is the one of the tools that can try to express people from their stress. Under music, it has combined different types of culture into one society. It has been combined together in one of the most popular and advances towards creating a better society. The creation, performance, significance, and even the definition of music vary according to culture and social context. Music ranges from strictly organised compositions, through improvisational music to be forms be divided into genres and subgenres. Although the dividing lines and relationships between music genres are often subtle but sometimes it was open to individual interpretation, and occasionally controversial. Music also brings a lot of fun, joy and other benefits towards human mankind. It has been created a wonderful memory for each of every one to enjoy it and it also is one of the tools to produce a future star and artist to let people notice. Besides that, music is the one of the tools to get more networks for social activities. This will helps people to build their popularity in the society. Through all kinds of music, it could bring all kind of people in a one big family. One of the ways to develop a person characteristic is through all kinds of music; it can help people to develop what kind of the person they are. Hence, it could help to make a great person through listen to the music. There are several types of musics that make people feels peaceful such as pop, hip-hop, jazz, country, classical, rock and also RB music. 2.0 Types of music that influence people 2.1 Jazz Jazz is a type of music that begins in 20th century. Jazz music is started with some African American community in the southern of United State and most of it was confluence of European and African music tradition. Jazz music origin from Ragtime and it culture is origin in early 1910s New Orleans. Jazz is kinds of music that can be define as a combination between European tradition music with African tradition music. The words jazz began as a west coast slang was first used to refer as music in Chicago around 1915. From the beginning Jazz is Jass but slowly it transfer to Jazz. In Jazz they have few ways to perform, some of them are used to be performing individual, never playing composition and never play exactly the same way twice. 2.1.1 Peaceful Nowadays, jazz music brings a lot of benefits to us. One of the most effective ways that jazz music had brought to us is that, when we listen to jazz music we will feels more peaceful in our mind. According to scientist say that when a person is listening to Jazz music it has brought up some brain emotion and make it feel relax and will go by the rhythm on it. It will keep a certain amount of peaceful moment and it could help a person to remain a better conscious on what he is doing on. By putting jazz music on in daily life could help a person to improve in their behaviour, jazz music can avoid bad behaviour that leads to bad destruction. This could help a person to develop creativity, artistry, humanity, individually, intelligence, and also will have a better chance to deal with an issue at hand more easily and more positive ways. Jazz music also can lead a person to go towards a positive ways in a peaceful manner on dealing with a person. 2.1.2 Release painful emotion Through Jazz music it could help a person to release painful emotion. By listening to jazz music, it has a great impact of mind, body and spirit to bring a healthful charge on our painful emotion. According to doctors, using jazz music for music treatment could treat a patient to stay and healthy and even faster to recovery from their painful emotion. Listen to jazz music can also help a person to release their anger and also boost their happy feeling to the maximum. The mind will start to stimulate and through jazz music could also obtain the high mental alertness on the part that will help people think of the goods and forget the bad part. In the middle of time, it could help people mind to active the brain on, and enhances the best is to make a person to feel more relaxing. Through jazz music can help a person to reduce pain sensation and also distress of both chronic pain and postoperative pain. Jazz music also promotes relaxation of tense muscle, and enabling a person can easily release some of the tension that carries on the day. Jazz Music, especially upbeat tunes, can take people mind off all stresses, and help people feels more optimistic and positive. This helps release stress and can even help people keep from getting as stressed over lifes little frustrations in the future. Researchers discovered that music can decrease the amount of the cortical, a stress-related hormone produced by the body in response to stress. Hence, jazz music can brings peaceful when a person hear it and it will also help to maintain the comfort of the day that made a person to be alert on what he or she is doing. Besides that, through jazz music also helps people to release painful emotion and it could help a heart hurting person to feel more relax on the pain. 2.2 Country Country music is one of the most popular music genres that all American had notice. It is a blend traditional and popular musical that origin from Canada and southern United State. Country music has produced two of the top selling solo artists of all time. The term country music gained popularity in the 1940s when the earlier term hillbilly music came to be seen as denigrating. Country music was widely embraced in the 1970s, while country and Western has declined in use since that time, except in the United Kingdom and Ireland, where it is still commonly used. 2.2.1 Fairly wholesome Listen to country music could more fairly wholesome then other, why is that so? According to the specialist that through country music, it could help a person to bring back a wonderful story. Through country music, it could help to explain a very interesting story. In other words, they are not songs that would not want to bring children to hear or would feel embarrassed playing in front of their parents. So, through country music could help some of the children to presented out by singing some country music on the song that have play to display out what are the fairly wholesome story they have believe in. In the other hands, it could help to keep some of the interesting history in the past and passed it to the next generation. Thus, they will understand what the histories are on the past and keep it on the good wants and be reminding that their do not make the same mistake again and again. 2.2.2 Connection to culture Country music historians typically stress of the musics close connection to the culture of the rural and working class white south while acknowledging the importance of New York record companies and other commercial structures, they are happiest. Besides that, country music helps people to bring out the culture of American. It help others to understand how the style of living and also to present the ethnic of that culture. Modelling behaviours and understandings that have helped in the refashioning of southern white culture and identities, and there is another parallel. A Diasporas story lurks deep in the heart of country music. It could help to strengthen the culture and also to help to promote the culture to others through country music. Therefore, country music can help a culture to build their image on fairly wholesome things and it also can connect to the other culture in this world through this country music. 2.3 Hip-Hop As the world move on to a modern time, hip hop music has become the most important music that has been focus on by the teenagers nowadays. Hip hop music is origin from hip hop culture and it has been missed up with four key element which is rapping, scratching, sampling, and beat boxing. The root of hip hop culture is also from African American music and ultimately African music. Some hip hop music influence by the disco, others hip-hop music influence by many other different such as new school hip-hop and also some rapping material are included. 2.3.1 Innovation In the lately 2000s, hip hop music has secure in the mainstream of music line. People have given a name for hip-hop music as Golden Age Hip-Hop. This innovation motive the hip-hop music lover to be more advance in the. That time is a time when it seemed that every new single reinvented the genre. Referring to the golden age of hip-hop music, there were so many important, ground breaking album has been brought up right about that time. Many artist has been found out on that period of time where hip-hop music has bring a great success towards bringing more talented artist on during the hip-hop music. While innovation in hip-hop music is been a great motivation for every hip-hop singer that it could made a great improvement on their song and also teenagers recently has using the hip-hop music to do their dance on the hip-hop culture. 2.3.2 Express teenagers in a proper manner Nowadays, hip-hop music brings different culture, beliefs, races, ethnicities all together such as young and medium age stay together to express teenagers in self-determinant manners and also collectively. Besides that, through hip-hop music and culture has not just influenced the Americans but also influenced the whole world to come together as a one big hip-hop music. By listening to hip-hop music, it will help people to develop a good personality and also help people to deal with one and other. Thus, this will help a person to build a good perspective and get along with others and eventually will build up more networks so that it will help people to build their popularity. Furthermore, listen to hip-hop music will easily to express teenagers in a proper manner and will not be shy to present in front of public and also can building up confident. Thus, hip-hop music has been brings benefits to people also such as the innovation motive and express teenagers in a proper manner when in front of people. 2.4 Classical Classical music in European was begun in between year 1750 and 1820. It is the art produced in, or rooted in the traditions of Western liturgical and secular music. It was encompassing a broad period from roughly the 9th century to present times. Besides that, classical music contains that few or not genres of music contain because it is difficult to list the characteristics that can be attributed to the all work of that type. Classical music also meant to be experienced for its own sake. It is not likely with other forms of the music that can serve merely as a vehicle for poetry or other lyrical content. 2.4.1 Reduce Crime Classical music has a penchant for deterring crime. This is because classical music can make people reduce stress and anxiety. When people are facing a lot of problem, they will easily make crime. The reason is they cannot express their feelings when they are in stress or anxiety. Through listening to classical music, the problems that their faces will reduce and the crime within them will also reduce. Furthermore, listen to classical music such as Mozarts and Beethovens songs also can make people relax, not only body relax but also spiritual. When listen to classical music, people will intoxicated in that with peaceful. Their will enjoying on listen to the music and strengthen their heart when they feelings down. So, listen to the classical music can have positive effects toward society and peoples. 2.4.2 Strong bonds with family members Moreover, all kids are like to listen to certain kinds of music such as classical music. As parents should not be afraid of helping them to experience something different by take them to a few concerts to watch and listening to live music together. Through this actions, it can helps a family to get a better understanding of what is around them and it also will help them to appreciate the kind of music that they listen too much more. Besides that, during the free time, parents also can drive their children around once in a while. Tour them around the community while listening to the classical music that all the family members love more by radio. In addition, family members also can stay at home, strum the guitar and sing with other family members. All this actions can strong the bond with the family members when listening to the classical music. Thus, listening to the classical music has been brings a lot of benefits to people, not only can reduce crime but also can strong bond with family members. 2.5 Rock Rock is a form of popular music and it is usually featuring vocals but often with vocal harmony, electric guitars and a strong back beat. It is also known as Rock and Roll. Rock music is a genre of popular music that originating in the 1950s in America. It also is a popular music style that developed in the United States and Great Britain in the late of 1960s. Besides that, it is a blend of black rhythm-and-blues with white country-and-western and also is a generic term for the range of styles that evolved out of rock and roll. Not surprisingly, rock music was extremely difficult to apply a straightforward definition to such a restless musical format. 2.5.1 Drugs In the early year, the rock lifestyle was popularly associated with the drugs. This is because some musicians are using hallucinogenic drugs as enhancements to the listening experience. Teenagers who listened to the rock music were more inclined to use drug, though they were not more likely to use them excessively or become addicted. This is because some rock music has interrelated with drug-related values. Besides that, using drugs by parents has the greatest influence on adolescent drug use. The popularity and promotion of recreational drug that used by musicians may have influenced to the people. Thus, the use of drugs and the perception of acceptability of drug use among the youth of the period will also have negative effects toward people. 2.5.2 Violent Listen to the rock music will make people have violent behavior. This is because some rock music video will have aggressive lyrical content and this is often discernible only to the most attentive of listeners. Besides that, video based media which including music videos that make their violent content abundantly and graphically clear. In addition, some rock music songs have such garbled lyrics that they have given rise to debates about what the lyrics are. The angry-sounding of rock music will also increase aggressive thoughts and feelings regardless of the specific content of the music lyrics. Through this, people have been influenced by that, so they will act and do the violent behaviour after their listened and watched the music videos. Therefore, using drugs and violent behaviour were very common in this modern world and it is also has the bad influences after listened to the rock music. 2.6 Pop Pop music also is considered as popular music that has been knows by world. Through pop music, it helps a community to build a popular music on the starting career that everyone will be familiar with. For examples, Michael Joseph Jackson is the pop music artist and he was known as the King of Pop. Besides that, we also have the latest pop singer which is Justin Timberlake. As you can see the pop music singers are the most attracting singers throughout the world and all of their songs have almost been recognized. In addition, pop music also give an understood recorded music often oriented towards teenagers but usually pop music consist only short and simple love story. Pop music also has absorb others form of popular music, but as genre is particularly rock and roll on the later stage is rock style. 2.6.1 Gain Confidence Pop music is another way to gain more confidence. As a lot of experience pop artists, one way to gain more confidence is through sing pop music in front of the audience. Singing pop music song will helps a person to release their tension or stress. On the other hand, it will also give a person to have confidence and go after those long sought after goals. Listen to pop music will also help people out to release the fear that they have been attempt and help a person to gain more confidence on what they are doing. Besides that, pop music also is the one of the best way to gain more confidence and eventually will build a person talent or skills that will prove that they are capable of something and can contribute more to the society. For example like King of Pop Michael Jackson, he built up his confidence by singing all his pop music songs when he was at the stage. 2.6.2 Motivated to seek people dream Apart from that, pop music will help a person to seek their dream out. How is that so? According to some specialist through pop music, they can find person ability on what he or she can do. Pop music will easily let a person to show what hidden talent or skill they have inside more than other. Besides that, it is easier to let a person to focusing on that power to seek on the dreams they want to seek in he or she wanted. It is a very high possible that a person can be success through listening to pop music. It will bring out more and more people to motivate their dream. Therefore pop music not just only to help to gain more confidence when facing all kind of things such as in front of others but also will help a person to motivate themselves to seek their own dream easier to make a success in their life time. 2.7 RB The full name of RB was rhythm and blues. It is a genre of popular African-American Music that originated used by record companies to describe recordings marketed predominantly to urban African-Americans. It was at a time when urbane, rocking, jazz based music with a heavy and insistent beat was becoming more popular. Besides that, it also had a number of shifts in meaning. In the early year 1950s and beyond, the term rhythm and blues was often applied to blues records. After rhythm and blues, this style of music contributed to the development of rock and roll. The term of RB became used to refer the music styles that developed from and incorporated electric blues, as well as gospel and soul music. Today, RB was defined as the modern version of the soul and funk that influenced African-American pop music that originated with the demise of disco in year 1980. 2.7.1 Expose teenagers to crimes In the other hand, listening to the RB music has been brings some negative effects among the people such as expose teenagers to crimes. This is because of some dancehall artistes promote violence and it lead teenagers doing the criminal activities after listening and watching the RB music videos. It also has been alleged that some artists have been involved in some of these criminal activities. Teenagers were easily influenced by the lyrics and content of music and videos. If the music and videos were promoted violence or immoral behavior, it may affect teenagers to act and follow to crimes. It also will influence the teenagers risk for picking up the habit of that. It was the worst problems of listening to the RB music that have contained and promoted violence and immoral behavior. 2.7.2 Sex In addition, RB tells the stories of struggle, love, sadness, and happiness. It does not have necessarily rally people behind a cause, but it does help them related to the cause. In year 1995 study, Ernest Hakanen shows that the RB or soul music is the most related to the feelings of grief and pride. RB music has increasingly become about sex from its lyrics to its music videos, as much as it is about love. Not only that, it also has changed the self-perceptions and self-esteem of young people, especially for the women. Moreover, the young people began to loosen attitudes on issues that relating to morality and promoted immoral behavior caused the cases of sex happened. This is because of the RB music is included freely expressed sexual desires and other features that were not as prevalent in other forms of popular music. Hence, listening to the RB music actually will also have negative effects like expose teenagers to crimes and sex toward peoples in this modern world. 3.0 Conclusion As you can see the different types of music can be influence to different personalities and characteristics out. By listening to jazz music, it could bring a person peaceful and also to release their painful emotion. Country music can made a fairly wholesome imagination and also help to connect with culture easier. Besides that, hip-hop music can made a person to be innovative and also help to express teenagers in a proper manner. According to specialist, listen to classical music could help people to reduce crime and also strengthen their bond with the family members. The negative influences, it can be bad by listening to the rock music because it is much easier to bring in drugs and violent to the society. On the other hand, for the pop music, it could help people to gain confidence and also motivated a person to seek their dream out. Last but not least was RB music; it could lead the crime toward teenagers and also encouraged teenagers to have sex. In conclusion types of music are proven to bring more positive on people than its drawbacks. As we can see on the types of music that have discussed on the different influence that has been brought out when listen to music. Types of music are absolutely more than just enjoyment. Music is the most beautiful things in this world. It always calms down people mind of thinking and gives a person a rest when their need it. Since music has been became one of the parts of the human life, why not everyone just well utilised it to make their life more wonderful. Music speaks that what people cannot be expressed, soothes the mind and gives it rest. It heals the heart and makes it whole and it was flows from heaven to soul. Therefore, do enjoy in music because it will changes people life become more interesting.