The Poisson Probability Distribution

The Poisson probability distribution, named after the French mathematician Simeon-Denis. Poisson is another important probability distribution of a discrete random variable that has a large number of applications. Suppose a washing machine in a Laundromat breaks down an average of three times a month. We may want to find the probability of exactly two breakdowns during the next month. This is an example of a Poisson probability distribution problem. Each breakdown is called an occurrence in Poisson probability distribution terminology.The Poisson probability distribution is applied to experiments with random and independent occurrences. The occurrences are random in the sense that they do not follow any pattern, and, hence, they are unpredictable. Independence of occurrences means that one occurrence (or nonoccurrence) of an event does not influence the successive occurrences or nonoccurrences of that event. The occurrences are always considered with respect to an interval. In the ex ample of the washing machine, the interval is one month. The interval may be a time interval, a space interval, or a volume interval.The actual number of occurrences within an interval is random and independent. If the average number of occurrences for a given interval is known, then by using the Poisson probability distribution, we can compute the probability of a certain number of occurrences, x, in that interval. Note that the number of actual occurrences in an interval is denoted by x. The following three conditions must be satisfied to apply the Poisson probability distribution. 1. x is a discrete random variable. 2. The occurrences are random. 3. The occurrences are independent.The following are three examples of discrete random variables for which the occurrences are random and independent. Hence, these are examples to which the Poisson probability distribution can be applied. 1. Consider the number of telemarketing phone calls received by a household during a given day. In t his example, the receiving of a telemarketing phone call by a household is called an occurrence, the interval is one day (an interval of time), and the occurrences are random (that is, there is no specified time for such a phone call to come in) and discrete.The total number of telemarketing phone calls received by a household during a given day may be 0, 1, 2, 3, 4, and so forth. The independence of occurrences in this example means that the telemarketing phone calls are received individually and none of two (or more) of these phone calls are related. 2. Consider the number of defective items in the next 100 items manufactured on a machine. In this case, the interval is a volume interval (100 items).The occurrences (number of defective items) are random and discrete because there may be 0, 1, 2, 3, †¦ , 100 defective items in 100 items. We can assume the occurrence of defective items to be independent of one another. 3. Consider the number of defects in a 5-foot-long iron rod. The interval, in this example, is a space interval (5 feet). The occurrences (defects) are random because there may be any number of defects in a 5-foot iron rod. We can assume that these defects are independent of one another. The Poisson Probability Distribution The Poisson probability distribution, named after the French mathematician Simeon-Denis. Poisson is another important probability distribution of a discrete random variable that has a large number of applications. Suppose a washing machine in a Laundromat breaks down an average of three times a month. We may want to find the probability of exactly two breakdowns during the next month. This is an example of a Poisson probability distribution problem. Each breakdown is called an occurrence in Poisson probability distribution terminology.The Poisson probability distribution is applied to experiments with random and independent occurrences. The occurrences are random in the sense that they do not follow any pattern, and, hence, they are unpredictable. Independence of occurrences means that one occurrence (or nonoccurrence) of an event does not influence the successive occurrences or nonoccurrences of that event. The occurrences are always considered with respect to an interval. In the ex ample of the washing machine, the interval is one month. The interval may be a time interval, a space interval, or a volume interval.The actual number of occurrences within an interval is random and independent. If the average number of occurrences for a given interval is known, then by using the Poisson probability distribution, we can compute the probability of a certain number of occurrences, x, in that interval. Note that the number of actual occurrences in an interval is denoted by x. The following three conditions must be satisfied to apply the Poisson probability distribution. 1. x is a discrete random variable. 2. The occurrences are random. 3. The occurrences are independent.The following are three examples of discrete random variables for which the occurrences are random and independent. Hence, these are examples to which the Poisson probability distribution can be applied. 1. Consider the number of telemarketing phone calls received by a household during a given day. In t his example, the receiving of a telemarketing phone call by a household is called an occurrence, the interval is one day (an interval of time), and the occurrences are random (that is, there is no specified time for such a phone call to come in) and discrete.The total number of telemarketing phone calls received by a household during a given day may be 0, 1, 2, 3, 4, and so forth. The independence of occurrences in this example means that the telemarketing phone calls are received individually and none of two (or more) of these phone calls are related. 2. Consider the number of defective items in the next 100 items manufactured on a machine. In this case, the interval is a volume interval (100 items).The occurrences (number of defective items) are random and discrete because there may be 0, 1, 2, 3, †¦ , 100 defective items in 100 items. We can assume the occurrence of defective items to be independent of one another. 3. Consider the number of defects in a 5-foot-long iron rod. The interval, in this example, is a space interval (5 feet). The occurrences (defects) are random because there may be any number of defects in a 5-foot iron rod. We can assume that these defects are independent of one another.

Meaning of Life and Success Essay

The United States has no more important foreign relation ship than that of which it enjoys with Mexico, and vice versa. These two countries share interwoven societies and economies. Although there have been disagreements and turbulence between the two countries, which partnership is without these? The Strength of each country’s democracy is fundamental to the other’s. This relationship that the two countries share directly affects that lives of millions of Mexican and United States citizens everyday. Recently these two countries have become even more unified than ever before. Tackling issues such as Border Control, Countering Narcotics, Dealing with multiple Law enforcement agencies, Human Rights laws, trade and development, etc. There are many issues that they are mutually interested in and must deal with. Yet, there are some vast differences in which these two countries are run. There are also many similarities, which we must take into account. Both Democratic Governments have similar structures, containing a legislative, judicial, and executive branch. Yet, these structures are very different internally, containing specific duties that the other country’s branch may not have. The Executive Branch refers to the Presidential seat in both governments. The Presidency is a paramount institution, not only of the Mexican Government but of the US Government as well. The Countries entire political system is positioned around the presidency. In the United States the President also serves as Commander in Chief of the Armed Forces. The President appoints the cabinet and oversees the various agencies and departments of the Federal Government. The Executive Branch is checked by Congress which would be the Legislative Branch. In order for someone to become President, he or she must be a natural -born citizen of the United States. He or she must be at least 35 years of age and must have resided in the US for at least fourteen years. Once elected, the President must serve a term of four years, and may be re-elected only once. Now, the Executive Branch of the Mexican government is very similar to that of its neighbors, but there are some pivotal differences in the institution. Presidents are elected by a majority of registered voters in the thirty-one states and the Federal District. The President holds the formal titles of chief of state, head of government, and commander in chief of armed forces. The candidates must also be at least thirty-five years of age by election day. And they must not only be Mexican citizens by birth but must also be the offspring of Mexican Citizens by birth. Unlike the US, the candidate cannot have held cabinet post or a governorship, nor have been on active military duty during the six months prior to the election. Critics have labeled the presidency the â€Å"six year monarchy† due to the length of the term being six years, and because of the seemingly unchecked power that has resided in the office. Much of the presidential power is derived from the presidents direct and unchallenged control over both the state and the ruling party, the PRI. One of the Unique features of the Mexican Presidency that has caused a great uproar since the 1930’s is the process of presidential succession. Mexicos PRI presidents have enjoyed the right to personally name their successor. This privilege is known as the dedazo, which means the Tap. Also, one huge difference in the executive branch between the two governments is the issue of Vice Presidency. Mexico simply has no Vice President. Further reinforcing the presidents unchallenged power. Meanwhile the United States does have a Vice Presidential position . A position that is voted on in the same campaign as the President. They are looked at as more of a team, a two for the price of one deal. Legislative powers consist of the congress, which is divided into two chambers, the senate and the House of Representatives. Each member of the congress is elected by the people of his or her state. The Senate holds 100 seats, two seats per state. The House of Representatives seats are based on the poplation of each state, holding about 435 seats. The difference between these two is that a representatives term is for two years, while senators are elected for six year terms. In Mexico the legislative branch of government consists of a bicameral congress, El Congreso de la Union. This congress, like the US’s, is divided into an upper chamber, the senate, and a lower chamber, chamber of deputies. Just like the US, both chambers are responsible for the discussion and approval of legislation and the ratification of high-level presidential appointments. The senate consisted of sixty-four members, two members for each state and two representing the Federal District elected by a direct vote from the population for a six year term. In later years, as part of electoral reforms the size of the senate doubled in size and now holds 128 members. Since 1986 the house of deputies consisted of 500 seats. 200 of these seats are elected by a proportional representation from among large districts. Members of the Chamber of Deputies serve three year terms, All members are not allowed to run for re-election, but they may serve non-consecutive terms.

Historical perspective Essay

The purpose of this report is to explore the issue of distance learning from various points of view. To start with, the report seeks to provide the definition of the term ‘distance learning’, along with its implication to the various participants. Further, the report also attempts to trace the historical background of distance learning, and how the concept has evolved over the years, together with an assessment of the various institutions of higher learning that have embraced this concept of education. Distance education is believed to have been around for as long as 1728, and the various institutions of learning have been embracing it slowly by slowly. This is yet another area that has been addressed by this report. In addition, the use of technology for purposes of delivering distance education has also been evaluated, as well as the ensuing limitations during the testing or evaluation of distance learning. A remedy on the same has also been provided. We have a number of theories that impacts on distance education and these have also been explored by this report. The issue of interconnectivity between an instructor and his/her students is very important to distance education. This issue has also bee assessed by this report. Finally, this report has endeavoured to determine the distance learning systems in the various levels of education, and how they impact on both the teacher and the student (s). Introduction Distance learning is a term used in reference to an education field whose main emphasis is on andragogy, pedagogy instructional and technology systems design (Moore & Kearsley 2005). The sole objective of distance learning is to give access to ‘off site’ students. As opposed to a physical attendance to the various courses, students and teachers instead opt to make use of advancement in technology, by way of exchanging electronic or even printed media. Alternatively, they may also decide to apply real time communication, such as online chatting. There are instances in literature whereby certain authors have sought to use â€Å"distance learning† and â€Å"distance education† as a substitute to each other (Moore & Kearsley 2005). Distance learning’s hallmark is having the learner or student and the teacher separated either in time or space. It is a desire of distance learning planners to have student control their learning process, as opposed to having the assigned distant instructor do this. This is in addition to ‘non-contagious’ correspondents between a teacher and his student. Such a correspondence could be reconciled with either print, or another type of technology (Moore & Kearsley 2005). From this perspective then, this report seeks to explore the various issues that impacts on of distance learning. In line with this, the definition of this term shall be given, along with the historical perspective of the issue at hand. It is also the intention of this report to assess the philosophies and theories that could be related to distance learning, in addition to their interpretation. There are quite a number of systems of technology that are used in the implementation of the distance learning concept, and these too, shall be assessed by this report. Finally, the limitations that may be associated with distance learning will also be explored, not to mention the benefits to both the users and the providers alike. Distance learning subscribes to a few theories, and these are explored in this report, along with the various systems of distance education that may be found in the different educational levels. Historical perspective Distance education may be traced as early as 1728 when a Boston Gazette run an advertisement about a teacher who taught shorthand, and who was seeking to have his students receive the lessons for the course via correspondence. During the 1840s in Great Britain, Isaac Pitman, a teacher in shorthand, is believed to have taught this skill to his student via correspondence (Holmberg 2005). Amongst the pioneer universities to offer degree courses by distance learning was the University of London in 1858, when they created an External programme (Holmberg 2005). In 1873, the city of Boston, Massachusetts founded a society whose goal was to enhance home studies. The University of Queensland, Australia, created a Correspondence Studies Department in 1911 (Holmberg 2005). Not to be left out, the University of South Africa (UNISA) started to offer education courses by correspondence in 1946 (Holmberg 2005). Extramural studies were started in 1960 in New Zealand, at the Massey University. The Open University that was established in the UK in 1969 remains to-date the largest university to offer distance education. Fern Universitat was established in Hagen Germany in 1974. Over the years, there are a lot of related institutions that have been founded, a majority of whom have embraced the term open university. We have a lot of public, private, for-profit and non-profit institutions that are today offering degree programs and other courses via distance learning. With regard to the accreditation levels, these usually differ, based on such factors as location jurisdiction. For instance, an institution could be termed as â€Å"University† at one jurisdiction, even without being first having received authorization or accreditation, often times by a county’s national government. However, such a description may not apply in another jurisdiction. Even amongst the mainstream universities, there is a growing trend towards online education, up to the doctoral level (Merriam, Caffarella & Baumgartner 2007). In its history, distance learning may be said to have passed through five technology ‘generations’ (Moore & Kearsley 2005). These includes print, video/audio teleconferencing, video/audio broadcasting, e-learning, and webcasting, among others. Still, the radio has managed to maintain its position as a viable medium for the dissemination of distance education, and this is especially the case amongst the developing countries, thanks largely to the level of the masses that it manages to reach out to. In India for example, the FM Channel has gained immense popularity. The universities have thus opted to employ this medium of communication for purposes of education programmes broadcasting in a variety of areas. Some of these areas include for instance rural development, science education, teacher education, creative writing, as well as agriculture programmes meant for the farmers. Nowadays, PDAs, mp3 players as well as Smart Phone are increasingly gaining immense popularity. So much so that a number of professors have gone ahead and allow their students to both watch and listen to a video of for example, a certain course in the form of a Podcast (Lever-Duffy & McDonald 2008). This has further led to a rise in the distribution medium for distance learning content. Use of technology in the delivery of distance education There are two groups of technology that distance learning employs; asynchronous and synchronous. Synchronous technology refers to an online delivery mode in which all the various participants have to be â€Å"present† simultaneously. In this case, there emerges the need to organise a timetable beforehand, for this particular event. Videoconferencing, telephone and web conferencing are just but a few examples of the synchronous technology that we have today, and which is at times applied to distance learning. On the other hand, asynchronous technology refers to an online delivery mode in which the various participants are able to access the materials of their courses at will that is on a schedule that is convenient to them (Lever-Duffy & McDonald 2008). As such, it is not a requirement that the students have to be together simultaneously. Audiocassette, Message Board Forums, Videocassete, E-mail and fax/Voice Mail are all examples of asynchronous technologies. Limitations of Evaluation and testing distance learning For a long time now, distance learning has been faced with trouble in as far as testing is concerned. Test material delivery is an exercise that may be accomplished with relative ease. The manner in which this is done is such that a given student has the necessary material at their disposal, so that they are able to read these at their convenience. However, there arises a problem at a time when the distance learning students are needed to complete various tests and assignments (Berg 2002). One observation that has been noted with online courses is that it is usually extremely difficult for say, an instructor to control the students from cheating in tests, quizzes or even the main examinations. This is because dues to the lack of the physical presence of a teacher to facilitate a physical monitoring exercise over the students. In the case of a classroom situation, it is quite possible for a teacher to not only monitor the activities of students during examination time, but also uphold visually a certain integrity level that is in line with the reputation of an institution in question. In the case of distance education however, it becomes quite easy to have a student completely removed from a supervision exercise (Berg 2002). One way through which security to curb cheating by distance learning students may be effected is to ensure that all the final examinations get done at a location that is common to all students, to allow both professors and invigilators to directly supervise the students. The internet too, has come to the rescue of distance learning. Today, we have quite a number of websites that provides exam packages and software that are secure, in a bid to assist professors to control and manage distance learning students in a more effective manner. Theories of distance learning According to the distance education theory as postulated by Desmond Keegan, it is necessary that the system of distance learning be able to recreate artificially the learning-teaching interaction, in addition, the system should also be in a position to re-integrate such an interaction with the instructional process. The Iowa Model rests on this particular basis: providing a distance learner a traditional-like experience (that involves ‘face-to-face’ instruction), through the use of intact classrooms as well as live. On the other hand, the Norwegian Model has been known to traditionally integrate distance teaching that is mediated with local teaching that is often times face-to-face. Holmberg (2005) has attempted to explain the various duties of a teacher to distance learners. At a time when a teacher gets to meet with her students physically, thanks to an effective media choice, such a teacher ceases being ‘a communicator of a fixed body of information’ (Holmberg 2005), and instead assumes the role of a learning facilitator. From this point onwards the process of learning take on as a form of knowledge building between on the one hand, the students and on the other hand, the teacher. Today, the systems of distance learning takes into account an elevated interactivity level between a student and his teacher. This is also the case for the isolated or rural communities that could be separated from each other by for instance, several thousand miles. Distance learning systems The conventional approach to distance learning is that this is a form of education that is meant for the adult learners. However, it is important to appreciate that we also have institutions that have for a number of years now been actively involved in the provision of distance education to former high school students. Even then, we also have distance learning taking place at both the middle school and elementary levels. In this case, distance learning makes use of modules that are meant to enrich the curriculum, in addition to telecommunications projects that are in place. When we explore the issue of distance learning in secondary schools, this form of education is normally financially assisted by either the federal or the local government. The aim of the program therefore is to identify and fulfil the needs that small school districts within the rural areas may be faced with (Merriam et al 2007). It is also possible today for students from secondary schools to be enrolled in certain courses, so as to enable them attain the requirements of graduation for certain courses that may not be offered by their respective districts. There are those students that opt to enrol in foreign language, advanced placement or better still, vocational classes. There are also countless instances in which we have had gifted or talented students from high schools being chosen to enrol on distance classes, on the basis of their academic capacity and ability in as far as the execution of individual work is concerned. What this means is that the management exercise of classrooms turns into a much easier task. On the negative side however, we may end up with students that are quite disenfranchised (Lever-Duffy & McDonald 2008), with the result that they may end up facing a problem of managing their time, in addition to lacking discipline. Technology may be regarded as a principle portion of distance learning, yet it is a requirement that any programme that has succeeded in this field, ought to lay more emphasis on students needs, as opposed to the actual technology. In order for a system of distance learning to be considered successful, there is a need to ensure that interactivity takes place between on the one hand, the students and on the other hand, the teacher. In addition, interactivity is also required between the environment of learning and the students, as well as amongst the various students in a distance learning institution. Interactivity could assume various forms, and it is important to note here that video, audio as well as student-teacher interactions are not the only types of interactivity that could be applied to distance learning. Interactivity on the part of the student, may very well symbolize the kind of connectivity distance learning students are able to share with their teacher, in addition to facilitators, aides, peers and also local teachers. In the absence of connectivity there is a probability that distance learning may disintegrate into the conventional independent study of course model (Lever-Duffy & McDonald 2008). Bibliography Berg, G. A, 2002, Why distance learning? : higher education administrative practices. Greenwood Publishing Group, NY.Holmberg, B, 2005, The evolution, principles and practices of distance education. Bibliotheks- und Informationssystem der Universitat Oldenburg. p. 13. Lever-Duffy, J. and Jean B. McDonald, J. B, 2008, Teaching and learning with technology. New York: Pearson Education, Inc. , Merriam, S, Caffarella, R. , and Baumgartner, L, 2007, Learning in Adulthood New York: Wiley. Moore, M, and Kearsley, G, G, 2005, Distance education: a systems view (Second Ed). Belmont, CA: Wadsworth. Taylor, J. C. â€Å"The fifth generation of distance education’, Chinese Journal of Open Education Research, Vol. 3 (2003): 25 – 27.

Reflection about taking handover from the ambulance crew for the first Essay

Reflection about taking handover from the ambulance crew for the first time as a student nurse - Essay Example Reflections help nurses and other professionals meditate on their interactions with their colleagues, identifying any room for improvement hence, for better future performance while also at the same time enabling an individual assess the ways in which a situation can be handled much more effectively in the consequent days/ encounters (Koerner, 2011, 652). It is equally a chance to become more self-aware, self-directing and more in touch with their surroundings (Wilson, 2013, 997). The following is a clear and relatively easy to follow reflection about the first time I was placed in the accident and emergency unit for ambulance handovers. The events of the handover took place on the first day on which I was posted in the accident and emergency (A & E) unit. It was around 10 am when the emergency department got a phone call informing us of a flurry of patient arrivals. There had been a building collapse at a local construction site and since we were the closest medical facility in the vicinity, all of the victims would be rushed into our accident and emergency unit. After getting a rough estimate of the number of patients that were rescued from the site and coming in, the head of department divided the workforce in his department into various sub-units that would each deal with a particular patient and provide them with personalized care. Each unit then set up a chain of command and distinct roles assigned to each member. My primary function during the handover in my unit was to verify and complete the Patient Report Form (PRF) since we anticipated (rightly) that the patients would be rushed to the resuscitation room before the information from the ambulance team fully received. My mentor was the head of our unit. Before the arrival of the ambulance team, we were connected to video and radio feeds that gave vital updates and conditions of the patients, which I took down

Communication field study Assignment Example | Topics and Well Written Essays - 250 words

Communication field study - Assignment Example The staffs of the two colleges need to use a language which is utilized by the majority of people. Any problem can be sorted out if the right guidance is given by CEO rather than directions. It is essential that the faculty members come up with their own creative ideas and lead the meetings in order to achieve the combined goal of the two schools. Every school essentially has formal and informal lines of communication channel which need to be exploited best for the good will of the schools. When working for solutions to problems, it is required for the language to be objective because judgmental and factual thinking can work against the goal of the school. When it comes to communication, there can arise many barriers like ineffective listening, vague conversation, inappropriate language, use of jargons and differences in perceptions. This is because different people have different ideas and perceptions and in order for strategies to work there should be ample interaction among the administrative staff. People from different culture think differently and act differently and when these factors are acknowledged by the CEO objectives of both the schools can be worked out

Case Study analysis (Operations Management) Essay

Case Study analysis (Operations Management) - Essay Example This paper provides answers to two questions from the Bruynzeel Keukens: Mastering Complexity case study. After reading the case study my recommendation for the company is to redesign its supply chain. The problems start with the company’s logistics. There is poor synchronization between up and downstream supply chains. Supplier lead time is twice as long as the optimal point needed to achieve efficiency. Bruynzeel Keukens has communication issues between the sales department and the inventory warehouse department. The company has problems keeping adequate inventory levels. Due to an inability to adequately estimate the demand for retail kitchen customer the enterprise keeps high inventory levels. All the problems the company faces with its supply chain is hurting the ability of the company to satisfy the customer needs. This can lead to lower customer retention rates. Companies that are unable to master their supply chain suffer from operating inefficiencies that hurt their profitability. Despite the fact the company currently holds an industry leading 23% market share the limit ations of the company’s supply chain are a risk factor that can cause the business to lose market share points. Bruynzeel Keukens must implement changes in its supply chain practices in order to become a more flexible and efficient enterprise. A simple solution that can help minimize the bottlenecks and complexities of the system is reducing the kitchen combination alternatives by 50%. The firm would still offer 20 million potential combination of product variety which is still very impressive. In reality having such a high product variety does not add any value to the business. This simple solution will reduce the firm’s inventory costs. Another solution that can help the supply chain system is adaption of just-in-time (JIT) inventory system for the retail kitchen business segment. It would take between three to six months to switch to

Develop an advertising campaign Coursework Example | Topics and Well Written Essays - 1250 words

Develop an advertising campaign - Coursework Example The performance campaign will feature well known sports car expert drivers, including Richard Atwood, who is a world class driver and instructor specialising in the Porsche and Ferrari cars. The second expert driver to feature in the campaign is Aaron Scott, who has sported in the GT’s and Formula 3 sports cars for the past fifteen years. He has been a well known instructor for the Carrera Cup and the GT cup. The choice of the two experts was aimed at increasing the effects of celebrity endorsements, which have a profound appeal to the social stature and the sense of belonging of the upcoming buyers of the Nissan Skyline GTR R34 and also sporting car enthusiasts. Through the car, the campaign should leave the mark of excellence, performance and expert status in the ownership of the Nissan Skyline GTR R34. By focusing on the image and the aura communicated by the sporting world, the new buyers and enthusiasts of the car will increase the uptake of the car (Macdonald & Sharp, 2003). The sports car brands that the company is competing with in this segment include Toyota supra, Honda NSX, Mazda RX-7 and Mitsubishi Lancer. Through the advertising campaign, the company hopes to scoop more market from its competitors, by positioning the car as a well-priced sports car fit for racing (Niraj & Pillutla, 2000). 2) Change the perception of the public about the Nissan brand, by demonstrating that it is the number one competitor among performance class of vehicles, with the aim of increasing its presence in sporting events. The purpose of the advertising campaign is that of reassuring the customers, sporting event organizers and media users that the Nissan Skyline GTR R34 is very successful and the best performance vehicle in the world. 2) Increase the production capacity of the GTR R34 sports car in the company by 20 percent, which will cater for the increase in the increase of demand arising from the

Ethical or Unethical Behaviour at Boeing Case Study

Ethical or Unethical Behaviour at Boeing - Case Study Example It has been observed that as a consequence from the cancellation of the order from Pentagon, the company had to bear an extra cost burden of more than $1 billion in its sales. Moreover, the firm was also banned from bidding in the federal contracts for around 20 months which in turn affected its shareholders, employees as well as investors by a large extent. Additionally, the company was also found to be frequently changing its CEO’s in quick succession which created confusions and cost burden as well as other leadership hazards within the internal business environment of the organisation. For instance, in 2002 the company was led by Philip Condit. After few years Condit was replaced by Harry Stonecipher, but he was also soon taken over by McNerny. Such frequent changes in the CEO’s of the company eventually affected its financial performances by a large extent. From the overall analysis, it could be concluded that the ethical or unethical practices of the company in th e presence ultimately affected the stakeholders of Boeing including the investors, the employees and the shareholders among others (Griffin 111-112). Q.2. Which Organizational Approach To Social Responsibility Did Boeing Appear To Use Under The Leadership Of Condit And Stonecipher? How Do You Think the Approach Changed Under McNerney’s Leadership? Under the leadership of Philip Condit, Boeing was observed to be highly inclined towards mergers, both in the horizontal and vertical directions within the airlines industry as a strategy to obtain competitive advantages. It has been observed in this regard that the merger led by Philip Condit was not successful which rather gave rise... Apart from that in another issue of stolen documents from the rival company and thus practicing unethical competition, Boeing had to face cancellation of the already placed order form Pentagon and a ban of 20 months from bidding in federal contracts (Griffin 111-112). Therefore, it can be observed that Boeing, under the leadership of Condit was mostly focused on competitive positioning of the company owing to which it can be stated that the company followed a compliance-based approach towards its CSR initiatives, which however, resulted in a failure.After the leadership of Philip Condit was replaced by Harry Stonecipher, the company also had to deal with many such issues. In the year 2005, Pentagon further cancelled some of its deals with the company because of ethical issues that depicted discrimination against female workers with Boeing. The female workers also claimed that they were underpaid and filed a suit against the company. The company suffered a loss of billions of dollars from the cancellation of the Pentagon deal apart from spending almost $73 million in order to settle the suit filed by its female workers. Furthermore, Stonecipher was also under the scanner for his affair with one of the female subordinates of the company which fuelled the allegation of sexual harassment against him. As a result of such issues, Stonecipher was forced to resign from his position as the CEO of Boeing. From the analysis of both the leadership styles of the CEO’s in Boeing, it can be affirmed that the organisational approach.

Competitive Forces and SWOT Analysis Case Study

Competitive Forces and SWOT Analysis - Case Study Example This paper will also discuss the most significant threat to the Whole Foods market, and explain how this company can employ its opportunities and strengths to attain a sustained competitive lead in the market. In addition, this article will include a complete SWOT analysis, and also identify opportunities and threats facing the organization. Question 1: Trends in retailing of organic foods and its impact on the Whole Foods Market There is a variety of trends in the retailing of organic foods. These trends impact the Whole Foods industry and the market at large tremendously (Steve, 2002: 1). Sales of natural products across all retail and directly to consumer channels have grown to about $68 billion in the year 2008; a 10% increment over the prior year. The congress passed an act on organic foods production in 1990. USDA established standards that were official for organically grown products in the United States by regulating agencies responsible for labeling of organic products (Stev e, 2002: 3). 31% of organic food sales were sold by mainstream supermarkets, 22% through sovereign small store chains, and 24% through leading food stores. Some of the top processors of organic foods in the market are General Mills, Kraft, Heinz, Kellogg’s, Dean Foods, Campbell soup, Hunt, Tyson foods, Coca cola and Del Monte (Porter, 1980: 295). Research carried out by the USDA depicts that, in 2000, surplus organic products were sold in conservative supermarkets than in the ordinary food stores (Thompson, Strickland & Gamble, 2010: 23). Most of the common organic foods sold included wine, pasta, beef, yogurt, vinegar, canned fruits and vegetables, apples, tomatoes, cucumbers, broccoli and lettuces among others. Despite the fierce competition in the price of organic products, consumer demands still remain high. The factors that have increased demand for organic products include health consciousness, healthy eating patterns, consumer concerns, soil, and water. Question 2: Ass ess the competitive situation of the firm by applying Porter’s model and hence, analyze each aspect relative to the business Porter’s five forces analysis comprises of a framework for industry analysis and business strategy development (Porter, 1980: 215). Porter refers to these forces as the micro environment. He developed these five forces in reaction to the then-prominent SWOT analysis, which he identified as ad hoc and un-rigorous (Fine, 2009: 3). These forces have been applied in enterprises so as to stabilize them hence, making them more profitable. These forces include intensity of competitive rivalry, risk of new competition, bargaining command of customers, bargaining supremacy of suppliers, and risk from substitute services and products. Most profitable markets yield substantial returns that attract other new firms. The fresh foods market earned over $350 million in 2008. Moreover, the Whole Foods achieved sales worth $6.5 billion in the same year (Thompson, Strickland & Gamble, 2010: 14). The competitive strength and strategy of the Whole Foods Company immensely attributed to success in their sales. Over 90,000 items were sold to consumers from the Whole Foods Company which had 284 stores in that period (Thompson, Strickland & Gamble, 2010: 20). This company was facing slight competition from the Fresh Markets Company where some products were being substituted for others by the customers. The

Restaurant Comparison Assignment Example | Topics and Well Written Essays - 500 words

Restaurant Comparison - Assignment Example TGI Fridays also uses the service but it can be seen that the company strongly relies on the services that are offered by the workers. 2. For McDonalds, this servicescape has a positive influence on customer perceptions of the overall service experience given that it is designed to reflect the organization’s way of doing business. The service is designed in such a way that it portrays the company as unique and offering special products that cannot be matched by other competitors. Focus is put on the burgers that are offered by the company. on the other hand, TGI Fridays specifically focus on the core aspects that shape its business such as fried chips and chicken. 3. Physical characteristics such as color, lighting, shapes and sound in each servicescape significantly influence the customer’s experience. Essentially, the whole service is mainly designed to appeal to the senses of hearing as well as sight such that the customers can experience something new as soon as they visit the premises. The motion pictures are colorful and they appeal to the interests of the customers since they have been designed in a captivating way. 4. Both restaurants use state of the art equipment in order to attract many customers. The furniture is carefully designed and the floors are tiled in different styles such that they look attractive to different people who may happen to visit the places. McDonalds offers drive through services and these are very convenient to the customers. 5. McDonalds uses the servicescape as a differentiator in that it helps the workers to improve their performance. For instance, through the use of video, the employees are in a better position to see what is happening in every corner of the restaurant. This can also help the workers to respond quickly to the customers. Fridays on the other hand uses this particular service to improve the efficiency of the employees in their service delivery. The employees have a clear view of

Strategies For Reducing Violence Essay Example for Free

Strategies For Reducing Violence Essay There are many causes of death but violence can be considered one of the leading causes worldwide. The most recent violent act was a tragic event that took place at an elementary school in Connecticut that killed 28 children as well as some teachers. Violence can be defined as the use of physical force or power against oneself, another person or against a community of a group, which may result in injury, death, mental harm or physical harm. Acts of violence include suicide, terrorism, child abuse, rape, and bullying. This essay will explore how violence can be reduced through changing social and cultural norms, and the teaching of social skills. Violence can be reduced through different school programs that teach the students ways to reduce violence. Olweus (1972) conducted an experiment in schools in Norway and had the whole-school faculty participate. He developed a seminar that taught the school faculty how to deal with bullying which included strict supervision on playgrounds and lunchrooms. He advised that if any bulling took place, the counselors should conduct therapy with the bullies. Olweus reported that this program reduced 50% of all bullying activities. However, on the downside, this research only took place in Norway, which is a country that already emphasizes on social importance and bullying. This could mean that the research may just be adding on to the progress already made. In addition, the policies and programs may only be effective if everyone is aware and is committed in changing. This research is a qualitative research, which can lead to bias and there is no control group for this experiment. However, a nti-bullying programs have been shown to be effective. Another method to reduce violence is through the teaching of social skills. Aronson (1979) used cooperative activities in classroom with the idea that everyone must work together. He used jigsaw puzzles and allowed the class to work together to come to a common goal, or consensus. Everyone had something to contribute and students had to collaborate to move forward. This forced children to help one another and contributed towards the learning process. Aronson also found that this lowered the rate of bullying in schools and increased interaction between out groups. There are also more positive interaction between students. However, this research cannot measure the interaction between students outside of school because it was limited within school grounds. The research was qualitative research, which can lead to possible biases. Although the research emphasizes cooperation and collective norms that would reduce bullying, this research is 20 years old. But there are newer research conducted by Figueireido et al in 2007 with computer training which shows similar effects. This activity alone will not reduce violence because there should be school monitoring of the students. Overall, this method is quite effective and schools should emphasize in training the students. Violence can be reduced through the changing social and cultural norms. There have been many studies that show that norms can increase violence. For example, the American south have a culture of honor that forces men to not accept insults or inappropriate conducts from others. One way to change the social and cultural norms is through education. In a study conducted by Foshee et al where he aimed to prevent adolescent dating violence, the participants’ attitudes towards violence were measured through a series of questionnaires before and after the program. Foshee et al, found that there were less psychological abuse and sexual violence reported in the treatment than in the control group. However, these effects were only reported through questionnaires and the conclusions of the results were based on self-report, not actual behavior. In addition, the effects were explained by changes in the dating violence norms, awareness and gender stereotyping. But reducing the adolescent dating violence through education is a possible option to consider. In conclusion, violence can be reduced through educating children about bullying and changing social and cultural norms. These are the bases of whether a person will be violent or not. If the root cases of these bases are solved, then there will be less violence in the future. It is important for people to educate the young about violence but it is difficult to change a communities’ social norm. However, it is possible if people are cooperating, there will be less more tragic incidents like the shooting in Connecticut.

Investment Avenues in India Essay Example for Free

Investment Avenues in India Essay ABSTRACT:Each investment alternative has its own strengths and weaknesses. Some options seek to achieve superior returns (like equity), but with corresponding higher risk. Other provide safety (like PPF) but at the expense of liquidity and growth. Other options such as FDs offer safety and liquidity, but at the cost of return. Mutual funds seek to combine the advantages of investing in arch of these alternatives while dispensing with the shortcomings.Indian stock market is semi-efficient by nature and, is considered as one of the most respected stock markets, where information is quickly and widely disseminated, thereby allowing each securitys price to adjust rapidly in an unbiased manner to new information so that, it reflects the nearest investment value. And mainly after the introduction of electronic trading system, the information flow has become much faster. But sometimes, in developing countries like India, sentiments play major role in price movements, or say, fluctuations, where investors find it difficult to predict the future with certainty. Some of the events affect economy as a whole, while some events are sector specific. Even in one particular sector, some companies or major market player are more sensitive to the event. So, the new investors taking exposure in the market should be well aware about the maximum potential loss, i.e. Value at risk.It would be good to diversify ones portfolio to include equity mutual funds and stocks. The benefit of diversification are that while risk exposure from a particular asset may not be very high, it would also give the opportunity of participating in the party in the equity markets- which may have just begun- in a relatively safe manner(than investing directly into stock markets). Mutual funds are one of the best options for investors to choose from. It must be realized that the performance of different funds varies time to time. Evaluation of a fund performance is meaningful when a fund has access to an array of investment products in market. An investor can choose from a variety of funds to suit his risk tolerance, investment horizon and objective. Direct investment in equity offers capital growth but at high risk and without the benefit of diversification by professional management offered by mutual funds.INTRODUCTION:Savings form an important part of the economy of any nation. With the savings invested in various options available to the people, the money acts as the driver for growth of the country. Indian financial scene too presents a plethora of avenues to the investors. Though certainly not the best or deepest of markets in the world, it has reasonable options for an ordinary man to invest his savings. Banks are considered as the safest of all options, banks have been the roots of the financial systems in India. Promoted as the means to social development, banks in India have indeed played an important role in the rural upliftment. For an ordinary person though, they have acted as the safest investment avenue wherein a person deposits money and earns interest on it. The two main modes of investment in banks, savings accounts and fixed deposits have been effectively used by one and all.However, today the interest rate structure in the country is headed southwards, keeping in line with global trends. With the banks offering little above 9 percent in their fixed deposits for one year, the yields have come down substantially in recent times. Add to this, the inflationary pressures in economy and one has a position where the savings are not earning. The inflation is creeping up, to almost 8 percent at times, and this means that the value of money saved goes down instead of going up. This effectively mars any chance of gaining from the investments in banks. Just like banks, post offices in India have a wide network. Spread across the nation, they offer financial assistance as well as serving the basic requirements of communication. Among all saving options, Post office schemes have been offering the highest rates. Added to it is the fact that the investments are safe with the department being a Government of India entity. So, the two basic and most sought after features, such as return safety and quantum of returns was being handsomely taken care of. Though certainly not the most efficient systems in terms of service standards and liquidity, these have still managed to attract the attention of small, retail investors. However, with the government announcing its intention of reducing the interest rates in small savings options, this avenue is expected to lose some of the investors.Public Provident Funds act as options to save for the post retirement period for most people and have been considered good option largely due to the fact that returns were higher than most other options and also helped people gain from tax benefits under various sections. This option too is likely to lose some of its sheen on account of reduction in the rates offered. Another often-used route to invest has been the f ixed deposit schemes floated by companies. Companies have used fixed deposit schemes as a means of mobilizing funds for their operations and have paid interest on them. The safer a company is rated, the lesser the return offered has been the thumb rule. However, there are several potential roadblocks in these. First of all, the danger of financial position of the company not being understood by the investor lurks. The investors rely on intermediaries who more often than not, dont reveal the entire truth. Secondly, liquidity is a major problem with the amount being received months after the due dates. Premature redemption is generally not entertained without cuts in the returns offered and though they present a reasonable option to counter interest rate risk (especially when the economy is headed for a low interest regime), the safety of principal amount has been found lacking. Many cases like the Kuber Group and DCM Group fiascoes have resulted in low confidence in this option. The options discussed above are essentially for the risk-averse, people who think of safety and then quantum of return, in that order. For the brave, it is dabbling in the stock market.Stock markets provide an option to invest in a high risk, high return game. While the potential return is much more than 10-11 percent any of the options discussed above can generally generate, the risk is undoubtedly of the highest order. But then, the general principle of encountering greater risks and uncertainty when one seeks higher returns holds true. However, as enticing as it might appear, people generally are clueless as to how the stock market functions and in the process can endanger the hard-earned money.For those who are not adept at understanding the stock market, the task of generating superior returns at similar levels of risk is arduous to say the least. This is where Mutual Funds come into picture.Mutual Funds are essentially investment vehicles where people with similar investment objective come together to pool their money and then invest accordingly. Each unit of any scheme represents the proportion of pool owned by the unit holder (investor). Appreciation or reduction in value of investments is reflected in net asset value (NAV) of the concerned scheme, which is declared by the fund from time to time. Mutual fund schemes are managed by respective Asset Management Companies (AMC). Different business groups/ financial institutions/ banks have sponsored these AMCs, either alone or in collaboration with reputed international firms.Several international funds like Alliance and Templeton are also operating independently in India. Many more international Mutual Fund giants are expected to come into Indian markets in the near future.Investment alternatives in India * Non marketable financial assets: These are such financial assets which gives moderately high return but can not be traded in market.* Bank Deposits * Post Office Schemes * Company FDs * PPF * Equity shares: These are shares of company and can be traded in secondary market. Investors get benefit by change in price of share and dividend given by companies. Equity shares represent ownership capital. As an equity shareholder, a person has an ownership stake in the company. This essentially means that the person has a residual interest in income and wealth of the company. These can be classified into following broad categories as per stock market:* Blue chip shares * Growth shares * Income shares * Cyclic shares * Speculative shares * Bonds: Bonds are the instruments that are considered as a relatively safer investment avenues.* G sec bonds * GOI relief funds * Govt. agency funds * PSU Bonds * RBI BOND * Debenture of private sector co. * Money market instrument: By convention, the term money market refers to the market for short-term requirement and deployment of funds. Money market instruments are those instruments, which have a maturity period of less than one year.* T-Bills * Certificate of Deposit * Commercial Paper * Mutual Funds- A mutual fund is a trust that pools together the savings of a number of investors who share a common financial goal. The fund manager invests this pool of money in securities, ranging from shares, debentures to money market instruments or in a mixture of equity and debt, depending upon the objective of the scheme. The different types of schemes are* Balanced Funds * Index Funds * Sector Fund * Equity Oriented Funds * Life insurance: Now-a-days life insurance is also being considered as an investment avenue. Insurance premiums represent the sacrifice and the assured sum the benefit. Under it different schemes are:* Endowment assurance policy * Money back policy * Whole life policy * Term assurance policy * Real estate: One of the most important assets in portfolio of investors is a residential house. In addition to a residential house, the more affluent investors are likely to be interested in the following types of real estate:* Agricultural land * Semi urban land * Farm House * Precious objects: Investors can also invest in the objects which have value. These comprises of:* Gold * Silver * Precious stones * Art objects * Financial Derivatives: These are such instruments which derive their value from some other underlying assets. It may be viewed as a side bet on the asset. The most important financial derivatives from the point of view of investors are:* Options * FuturesDirect equity vs. mutual funds1) Equity share/Direct investment 2) Mutual funds, a brief introduction 3) Equity Fund 4) Difference between direct equity and mutual fundEquity share/Direct investmentEquity shares: These are shares of company and can be traded in secondary market. Investors get benefit by change in price of share or dividend given by companies. Equity shares represent ownership capital. As an equity shareholder, a person has an ownership stake in the company. This essentially means that the person has a residual interest in income and wealth of the company. These can be classified into following broad categories as per stock market:* Blue chip shares- Shares of large, well established, financially strong companies with an impressive record of earnings and dividends.* Growth shares-Shares of companies that have fairly entrenched positions in a growing market and which enjoy an above average rate of growth as well as profitability. * Income shares-Share of companies that have fairly stable operations, relative limited growth opportunities, and high dividend payout ratios.* Cyclic shares – Share of companies that have a pronounced cyclicality in their operations.* Defensive shares- Shares of companies that are relatively unaffected by the ups and downs in general business conditions.* Speculative shares- Shares of companies that tend to fluctuate widely because there is a lot of speculative trading in them.Mutual Funds: A brief introductionA Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is invested by the fund manager in different types of securities depending upon the objective of the scheme. These could range from shares to debentures to money market instruments. The income earned through these investments and the capital appreciations realized by the schemes are shared by its unit holders in proportion to the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed portfolio at a relatively low cost. The small savings of all the investors are put together to increase the buying power and hire a professional manager to invest and monitor the money. Anybody with an investible surplus of as little as a few thousand rupees can invest in Mutual Funds. Each Mutual Fund scheme has a defined investment objective and strategy.INCEPTION OF MUTUAL FUNDS IN INDIAThe history of mutual funds in India can be divided into 5 important phases:1963-1987The Unit Trust of India was the sole player in the industry. Created by an Act of Parliament in 1963, UTI launched its first product, the Unit Scheme 1964, which is even today the single lar gest mutual fund scheme. UTI created a number of products such as monthly income plans, children plans, equity-oriented schemes and off shore funds during this period. UTI managed assets of Rs.6,700 crores at the end of this phase.1987-1993In 1987 public sector banks and financial institutions entered the mutual fund industry. SBI mutual fund was the first non- UTI fund to be set up in 1987. Significant shift of investors from deposits to mutual fund industry happened during this period. Most funds were growth-oriented closed-ended funds. By the end of this period, assets under UTIs management grew to Rs.38,247 crores and public sector funds managed Rs.8,750 crores.1993-1996In 1993, the mutual fund industry was open to private sector players, both Indian and foreign. SEBIs first set of regulations for the industry were formulated in 1993, and substantially revised in 1996.Signifficant innovations in servicing, product design and information disclosure happened in this phase, mostly initiated by private players.1996-1999The implementation of the new SEBI regulations and the restructuring of the mutual fund industry led to rapid asset growth. Bank mutual funds were recast according to the SEBI recommended structure, and the UTI came under voluntary SEBI supervision.1999-2002This phase was marked by the rapid growth in the industry, and significant increase in market shares of private sector players. Assets crossed Rs.1,00,000 crore .The tax break offered to mutual fund in 1999 created arbitrage opportunities for a number of institutional players. Bond funds and Liquid funds registered the highest growth in this period, accounting for nearly 60% of the assets. UTIs share of the industry dropped to nearly 50%.Types of mutual funds:Open ended schemesAn open-end fund is one that is available for subscription all through the year. This type of Mutual funds does not have a predefined maturity period. The key feature is liquidity. Direct dealing is another noticeable feature. One can easily buy and sell units at Net Asset Value related prices.Close ended schemesHere maturity period is predefined usually ranging from 2 to 15 years. Investment can be done directly in the scheme at the time of the initial issue and units can be brought and sold whenever units are listed in the stock exchanges.Types of Schemes1. Equity/growth oriented Funds: Equity schemes are those that invest predominantly in equity shares of companies. An equity scheme seeks to provide returns by way of capital appreciation. As a class of assets, equities are subject to greater fluctuations. Hence, the NAVs of these schemes will also fluctuate frequently. Equity schemes are more volatile, but offer better returns.2. Balanced Funds: The aim of balanced funds is to provide both growth and regular income. Such schemes periodically distribute a part of their earning and invest both in equities and fixed income securities in the proportion indicated in their offer documents. 3. Index Funds: An Index Fund is a mutual fund that tries to mirror a market index, like Nifty or BSE Sensex , as closely as possible by investing in all the stocks that comprise that index in proportions equal to the weight age of those stocks in the index.4. Income/debt oriented Funds: These schemes invest mainly in income-bearing instruments like bonds, debentures, government securities, commercial paper, etc. These instruments are much less volatile than equity schemes. Their volatility depends essentially on the health of the economy e.g., rupee depreciation, fiscal deficit, inflationary pressure. Performance of such schemes also depends on bond ratings.1) Equity FundsAs explained earlier, such funds invest only in stocks, the riskiest of asset classes. With share prices fluctuating daily, such funds show volatile performance, even losses. However, these funds can yield great capital appreciation as, historically, equities have outperformed all asset classes. At present, there are four types of equity funds available in the market. In the increasing order of risk, these are:a) Index fundsThese funds track a key stock market index, like the BSE (Bombay Stock Exchange) Sensex or the NSE (National Stock Exchange) SP CNX Nifty. Hence, their portfolio mirrors the index they track, both in terms of composition and the individual stock weightages. For instance, an index fund that tracks the Sensex will invest only in the Sensex stocks. The idea is to replicate the performance of the benchmarked index to near accuracy. Index funds dont need fund managers, as there is no stock selection involved.Investing through index funds is a passive investment strategy, as a funds performance will invariably mimic the index concerned, barring a minor tracking error. Usually, theres a difference between the total returns given by a stock index and those given by index funds benchmarked to it. Termed as tracking error, it arises because the index fund charges m anagement fees, marketing expenses and transaction costs (impact cost and brokerage) to its unit holders. So, if the Sensex appreciates 10 per cent during a particular period while an index fund mirroring the Sensex rises 9 per cent, the fund is said to have a tracking error of 1 per cent.To illustrate with an example, assume you invested Rs 1,000 in an index fund based on the Sensex on 1 April 1978, when the index was launched (base: 100). In August, when the Sensex was at 3.457, your investment would be worth Rs 34,570, which works out to an annualised return of 17.2 per cent. A tracking error of 1 per cent would bring down your annualised return to 16.2 per cent. Obviously, lower the tracking error, the better are the index funds.b) Diversified fundsSuch funds have the mandate to invest in the entire universe of stocks. Although by definition, such funds are meant to have a diversified portfolio (spread across industries and companies), the stock selection is entirely the prerogative of the fund manager. This discretionary power in the hands of the fund manager can work both ways for an equity fund. On the one hand, astute stock-picking by a fund manager can enable the fund to deliver market-beating returns; on the other hand, if the fund managers picks languish, the returns will be far lower. Returns from a diversified fund depend a lot on the fund managers capabilities to make the right investment decisions. A portfolio concentrated in a few sectors or companies is a high risk, high return proposition.c) Tax-saving fundsAlso known as ELSS or equity-linked savings schemes, these funds offer benefits under Section 88 of the Income-Tax Act. So, on an investment of up to Rs 10,000 a year in an ELSS, one can claim a tax exemption of 20 per cent from his taxable income. One can invest more than Rs 10,000, but then he wont get the Section 88 benefits for the amount in excess of Rs 10,000. The only drawback to ELSS is that one has to lock into the scheme for three years.In terms of investment profile, tax-saving funds are like diversified funds. The one difference is that because of the three year lock-in clause, tax-saving funds get more time to reap the benefits from their stock picks, unlike plain diversified funds, whose portfolios sometimes tend to get dictated by redemption compulsions.d) Sector fundsThe riskiest among equity funds, sector funds invest only in stocks of a specific industry, say IT or FMCG. A sector funds NAV will zoom if the sector performs well; however, if the sector languishes, the schemes NAV too will stay depressed. Barring a few defensive, evergreen sectors like FMCG and pharma, most other industries alternate between periods of strong growth and bouts of slowdowns. The way to make money from sector funds is to catch these cycles–get in when the sector is poised for an upswing and exit before it slips back.2) Difference between direct equity and mutual fundsA mutual fund is the ideal investment vehicle for todays complex and modern financial scenario. Markets for equity shares, bonds and o ther fixed income instruments, real estate, derivatives and other assets have become mature and information driven. Price changes in these assets are driven by global events occurring in faraway places. A typical individual is unlikely to have the knowledge, skills, inclination and time to keep track of events, understand their implications and act speedily. An individual also finds it difficult to keep track of ownership of his assets, investments, brokerage dues and bank transactions etc.Investing in Mutual Fund is convenient because of two basic reasons. All investment carry risks, especially equity investment that bears larger risks, their returns are more volatile and uneven. To cut down the risk one needs to put money in several instruments rather than in one or two products. A Mutual Fund can effectively spread its investments across various sectors of the economy and amongst several products. Risk diversification is the Key. Secondly where to invest and where not to, is a specialized business. One may not have the expertise, time and resources of a well-managed fund.ADVANTAGES OF A MUTUAL FUND1. Professional ManagementQualified professionals manage money, but they are not alone. They have a research team that continuously analyses the performance and prospects of companies. They also select suitable investments to achieve the objectives of the scheme, so you see that it is a continuous process that takes time and expertise that will add value to investment. These fund managers are in a better position to manage investments and get higher returns.2. DiversificationThe clichà ©, dont put all eggs in one basket really applies to the concept of intelligent investing. Diversification lowers risk of loss by spreading money across various industries. It is a rare occasion when all stocks decline at the same time and in the same proportion. Sector funds will spread investment across only one industry and it would not be wise for portfolio to be skewed towards these types of funds for obvious reasons.3. Choice of SchemesMutual funds offer a variety of schemes that will suit investors needs over a lifetime. When they enter a new stage in life, all needed to do is sit down with investment advisor who will help to rearrange portfolio to suit altered lifestyle. 4. AffordabilityA small investor may find that it is not possible to buy shares of larger corporations. Mutual funds generally buy and sell securities in large volumes that allow investors to benefit from lower trading costs. The smallest investor can get started on mutual funds because of the minimal investment requirements. One can invest with a minimum of Rs. 500 in a Systematic Investment Plan on a regular basis.5. Tax BenefitsInvestments held by investors for a period of 12 months or more qualify for Capital gains and will be taxed accordingly (10% of the amount by which the investment appreciated, or 20% after factoring in the benefit of cost indexation, whichever is lower). These investments also get the benefit of indexation.6. LiquidityWith open-end funds, you can redeem all or part of investment any time you wish and receive the current value of the shares or the NAV related price. Funds are more liquid than most investments in shares, deposits and bonds and the process is standardized, making it quick and efficient so that you can get cash in hand as soon as possible. 7. Rupee Cost AveragingThrough using this concept of investing the same amount regularly, mutual funds give investor the advantage of getting the average unit price over the long-term. This reduces risk and also allows you to discipline self by actually investing every month or quarterly and not making sporadic investments.8. The Transparency of Mutual FundsThe performance of a mutual fund is reviewed by various publications and rating agencies, making it easy for investors to compare one to the other. Once you are part of a mutual fund scheme, you are provided with regular updates, for example daily NAVs, as well as information on the specific investments made and the fund managers strategy and outlook of the scheme.9. Easy To AdministerMutual funds units in modern times are not issued in the form of certificates, with a minimum denomination rather they are issued as account statement switch a facility to hold units in fraction upto 4 decimal points.10. Highly RegulatedThe governing of mutual funds by SEBI ensures that the fund activities are carried out in the best interest of the investors. DISADVANTAGES OF MUTUAL FUNDSThe following are some of the reasons which are deterrent to mutual fund investment: * Costs despite Negative Returns — Investors must pay sales charges, annual fees, and other expenses regardless of how the fund performs. And, depending on the timing of their investment, investors may also have to pay taxes on any capital gains distribution they receive — even if the fund went on to perform poorly after they bought shares. * Lack of Control — Investors typically cannot ascertain the exact make-up of a funds portfolio at any given time, nor can they directly influence which securities the fund manager buys and sells or the timing of those trades. * Price Uncertainty — with an individual stock, you can obtain real-time (or close to real-time) pricing information with relative ease by checking financial websites or by calling your broker. You can also monitor how a stocks price changes from hour to hour — or even second to second. By contrast, with a mutual fund, the price at which you purchase or redeem shares will typically depend on the funds NAV, which the fund might not calculate until many hours after youve placed your order. In general, mutual funds must calculate their NAV at least once every business day, typically after the major U.S. exchanges close.Some mutual fund schemes with the point of attractiveness to investors -Comparison of best performing mutual funds with index Equity schemes:Equity schemes are those that invest predominantly in equity shares of companies. An equity scheme seeks to provide returns by way of capital appreciation. As a class of assets, equities are subject to greater fluctuations. Hence, the NAVs of these schemes will also fluctuate frequently. Equity schemes are more volatile, but offer better returns. These can be further classified into three types:1. Diversified Equity schemes:The aim of diversified equity funds is to provide the investor with capital appreciation over a medium to long period (generally 2 – 5 years). The fund invests in equity shares of companies from a diverse array of industries and balances (or tries to) the portfolio so as to prevent any adverse impact on returns due to a downturn in one or two sectors.2. Equity Linked Saving Schemes (ELSS):These schemes generally offer tax rebates to the investor under section 88 of the Income Tax law. These schemes generally diversify the equity risk by investing in a wider array of stocks across sectors. ELSS is usually considered a variant of diversified equity scheme but with a tax friendly offer3. Sectoral Fund/ Industry Specific schemes:Industry Specific Schemes invest only in the industries specified in the offer document. The investment of these funds is limited to specific industries like InfoTech, FMCG, and Pharmaceuticals etc. These are ideal for investors who have already decided to invest in particular sector or segment. Sectoral Funds tend to have a very high risk-reward ratio and investors should be careful of putting all their eggs in one basket.CONCLUSION:In the current scenario, investing is very important and investing in stock markets is a major challenge ever for professionals. The young people should start investing earlier so that they can reap the benefits of investing in future. People should keep their eye open and keep updating themselves about various investment avenues so that they can get safe returns. BIBILIOGRAPHY: 1. Anjan Chakrabarti and Harsh Rungta, 2000, Mutual Funds Industry in India :An in-depth look into the problems of credibility, Risk and Brand ,The ICFAI Journal of Applied Finance, Vol.6, No.2, April, 27-45. 2. Bhalla V.K., Investment Management, S.Chand Company Ltd., Eleventh Edition, 2004 3. Bodie, Kane, Marcus Security Analysis and Portfolio Management, 5th edition Tata Mc Graw hill publications. 4. Customer Orientation in Designing Mutual Fund Products, -An Analytical Approach to Indian Market Preferences, Dr Tapan K Panda, Faculty Member, Indian Institute of Management, Lucknow. 5. FISHER AND JORDEN (2000): Security analysis and portfolio management, Prentice hall. 6. L.M.BHOLE (2005) : Financial institutions and market, Tata Mcgraw – hill. 7. Preparatory Books For AMFI Exam ;NJ Investment India Pvt. Ltd. Edition June 09 8. Review Of Marketing Research, Volume 5: K. Naresh Malhotra: 9. V.A.AVADHANI (2006): Security analysis and portfolio management, Himalaya publishing house. 6thEdition. |

Case Study: Boeing Corporation

Case Study: Boeing Corporation Boeing Corporation is one of the largest aircraft companies in the world that supplies its products to customers globally. It supplies top of the line commercial aircraft as well as high technology military aeroplanes to various organisations. The products are the passenger, cargo and military aircraft which have strict safety and performance regulations binding them. The operations of the company are complex and at a huge scale which make management planning an absolute necessity for the company to carry out business in an efficient manner. Management planning comes into play at every level in the companys hierarchy and has a pivotal role in the success that the company has attained. Management Planning is the procedure of earmarking goals and objectives for an organisation to accomplish over a specified period of time. All actions and tasks requiring completion in order to attain the final goal are encompassed in a plan. Plans must have enough flexibility to cater for account variables and unexpected events and avoid the confusion that may arise in a case of unforeseen challenges or troubles. The Boeing Corporation has a number of departments; mechanical department, engineering department, quality checking department and sales department being the major ones. The aspect of planning is of paramount importance in all these departments. In each of these departments, efficiency is achieved by setting goals and outlining the methods to be followed to achieve the set goal. This includes explaining the steps that need to be followed by addressing issues of resources, management etc., finally aimed at achieving the best levels of efficiency The process of management planning undergoes five basic steps. Initially, a situational analysis is carried out. This involves deciding on the various factors and the manner in which they are likely to affect goal attainment and the manner in which these factors will affect the attainment of the goal. This assists the management to understand which steps are vital for goal accomplishment. In the next step alternative goals and plans for it are thought of. Formulation of multiple plans and then comparing them against one another is extremely beneficial, giving the management an insight into the pros and cons of each plan. Subsequently, all alternative plans and goals will be amalgamated into a single plan. The third step involves evaluation of the goals and plans created, and arrive at the benefits and drawbacks of each goal in the overall plan. Simultaneously, the most important steps in the plan can be prioritised, and roles assigned to the staff who the manager thinks are best suited for the job. In the fourth step, on the basis of the input of the first three steps, the management is required to shortlist the final plan to be used. This calls for acute judgment and analysis on the part of the manager to finally decide which plan is to be implemented. The actual implementation of the final plan by the manager is the last step. The manager has an important role in explaining the salient aspects of the plan to all staff involved in its execution, to ensure that all members are aware of the overall plan, and success is assured. In Boeing Corporation, since a large number of departments are involved, the plan of each department needs to be coordinated and synchronised with other departments. In this manner, the entire company is able to function as a well coordinated and oiled machine. Legal issues assume great importance in Boeing Corporation as the products can get the company involved in legal tangles, as human lives and safety aspects are involved. The company, therefore, has to ensure that all legislations and regulations are adhered to in the process of aircraft manufacture. For example, for every aircraft manufactured, an operating manual has to be created for both mechanics and pilots, so that safety aspects are taken care of. The requirement of the manuals has to be kept in mind during planning so that plans are made for dealing with any malfunction or repair issues that may arise in the future (Pritchard MacPherson, 2004). The management planning is influenced by many ethical issues also. When the company is bidding products to the United States Army, the company has the largest ethical issue concern, because they follow the guidelines (Pritchard MacPherson, 2004). The laws have been formulated and followed rigorously to avert the company authorities from unlawfully beguiling the concerned armed forces personnel with pecuniary offerings. So the responsibility lies with the sales and accounts department to consider theses factors while making their bidding plans and sales plans for the company. An individual or an organisations actions that benefit the society more than oneself or the organisation is known as social responsibility. As a corporation, Boeing is also concerned about its corporate social responsibility. As an airlines company, one of the major social responsibility that the company carries out is Research and Development to increase costumers choices and to be able to provide safe and effective service for its costumers. This can be seen in the high safety standards that the company has been maintained by constant research and improvement. Another example of corporate social responsibility was shown by Boeing when a national effort was made to raise finances for funding medical research to find cures for leukaemia affecting children under the leadership of the CEO of Boeing (Besser, 2002). Though this was under the overall stewardship of the CEO, the initiative of a member of the organisation does reflect on the entire organisation itself. Boeing being a large corporation is more focused on its strategic planning, which results in establishing the objectives broad enough for the operation of the company. The strategic planning devised by the company is used while doing business with the Airlines Industry, Community and the Military. An airline manufacturer is always concerned about the reliability and performance of his products (Prichard 2004). So when a company formulates its strategic planning, it helps him to look at the wider range of objects resulting in his production of products which are high in reliability as well as give peak performance. In recent years even the customers have started to demand more environment-friendly products, which could be because of the environment changes, one of the reasons being Globalization. For a large corporation as the Boeing, the main broad objective set by the organisation is the strategic planning. This is the tactical move; the company makes use of while doing business with the Airline Industry, Community or the Military. According to Prichard 2004, for an airline manufacturer, two aspects are the most important; they are the Reliability and the Performance. So to create products of high reliability and to achieve peak performance from it, the most helpful device is the strategic planning. This helps the company to have a broader vision of the environment while helping to formulate strategies. Recently, the customers are more inclined towards the products which are environment-friendly, which may be due to the changes affecting them due to Globalization. So the company had to rework on its strategic plans to satisfy the growing needs of its customers (Gonzalez 2007). Not only this, the company uses tactical planning in each of its departments. Through tactical planning, the company is able to achieve the highest order of efficiency in all its departments. For example, the manufacturing department formulates tactical planning of producing assembly stations within the plant, which facilitates the workers to assemble the aircraft parts efficiently and swiftly. The tactical planning is similar to the operational planning but only differs in dealing with managers at the lowest end of the hierarchical chain. These managers ensure that the non-managerial staff is performing their duties properly. These managers are also concerned with the quality control of the physical operations being done by the company.

The Use Of Merit Pay And Incentives Essay -- essays research papers

The Use of Merit Pay and Incentives The purpose of this paper is to explore the use of Merit Pay and Incentives as motivators for increased productivity. The key focus is the system at Richmond Memorial Hospital. To do so, one must begin at the beginning†¦.. The use of financial incentives (financial rewards) paid to workers whose production exceeds some predetermined standard was popularized by Frederick Taylor in the late 1800s. As a supervisory employee of the Midvale Steel Company, he had become concerned with what he called "systematic soldiering". This was the tendency of employees to work at the slowest pace possible and the fact that some of these same workers still had the energy to run home and work on their cabins, even after a hard 12-hour day. Taylor knew that if he could find some way to harness this energy during the workday, huge productivity gains would be achieved (REFERENCE?). Thus was born the concept of motivational and incentive systems. What is "motivation?" The root word is "move" which would mean that anyone who is moved to do something is motivated. Therefore, sitting on a tack, or at least the pain associated with it is a motivator. For those of us in Graduate School, we are aware that without a "B" average we will be eliminated from the program. Maintaining that average is our motivator. Attaining the certificate of graduation is our incentive. In psychology, at its most basic, a motivator is that which impels or compels an individual to act toward meeting a need. On a physiological level, thirst, hunger and sex are motivators or drives. They are basic needs which must be met. Relating this to a hospital environment, it is not base compensation which drives the employee, but what the base compensation can satisfy in a higher level of needs. Money can't buy love, but it can buy some security such as insurance benefits. After basic and security needs are met, compensation is not the motivator, but what compensation represents is (REFERENCE?). One statement that must be made before continuing is that needs are varied and can occur concurrently or over a period of hours or days, etc. And, needs are mixed. Hunger is a drive: The satisfaction of hunger can take several forms and, usually, when one is hungry one also is a little thirsty. Then, if the book, Tom Jones (AUTHOR, YEAR), was any indica... ...endations based on sustained performance (REFERENCE?). Another type of pay system is Pro-Pay where employees can receive lump sum merit bonuses once they reach the top of their pay range and is only paid for above average performance (REFERENCE?). Star/Superstar programs are where employees who represent the top ten percent of performers receive lump sum bonuses. Along with a Pay for Performance system, there must also be in place a incentive system. (Grossman, YEAR?). Pay perform & prod (next lines) (INCOMPLETE SENTENCE) "Many US business owners are finding that turning to incentive programs is a good way to boost productivity and improve morale† (REFERENCE- NEED PAGE NUMBER FOR DIRECT QUOTE).. A properly structured incentive-driven system (IDS) provides several methods and levels of compensation. All IDS systems must be tailored to each organization. What works in a hospital may not work in academia (Dressler, YEAR?). It is usually a mistake to implement an incentive plan without input from employees. Management should use a program design team composed of employees and supervisors. They could work with Human Resources in the development of The Use Of Merit Pay And Incentives Essay -- essays research papers The Use of Merit Pay and Incentives The purpose of this paper is to explore the use of Merit Pay and Incentives as motivators for increased productivity. The key focus is the system at Richmond Memorial Hospital. To do so, one must begin at the beginning†¦.. The use of financial incentives (financial rewards) paid to workers whose production exceeds some predetermined standard was popularized by Frederick Taylor in the late 1800s. As a supervisory employee of the Midvale Steel Company, he had become concerned with what he called "systematic soldiering". This was the tendency of employees to work at the slowest pace possible and the fact that some of these same workers still had the energy to run home and work on their cabins, even after a hard 12-hour day. Taylor knew that if he could find some way to harness this energy during the workday, huge productivity gains would be achieved (REFERENCE?). Thus was born the concept of motivational and incentive systems. What is "motivation?" The root word is "move" which would mean that anyone who is moved to do something is motivated. Therefore, sitting on a tack, or at least the pain associated with it is a motivator. For those of us in Graduate School, we are aware that without a "B" average we will be eliminated from the program. Maintaining that average is our motivator. Attaining the certificate of graduation is our incentive. In psychology, at its most basic, a motivator is that which impels or compels an individual to act toward meeting a need. On a physiological level, thirst, hunger and sex are motivators or drives. They are basic needs which must be met. Relating this to a hospital environment, it is not base compensation which drives the employee, but what the base compensation can satisfy in a higher level of needs. Money can't buy love, but it can buy some security such as insurance benefits. After basic and security needs are met, compensation is not the motivator, but what compensation represents is (REFERENCE?). One statement that must be made before continuing is that needs are varied and can occur concurrently or over a period of hours or days, etc. And, needs are mixed. Hunger is a drive: The satisfaction of hunger can take several forms and, usually, when one is hungry one also is a little thirsty. Then, if the book, Tom Jones (AUTHOR, YEAR), was any indica... ...endations based on sustained performance (REFERENCE?). Another type of pay system is Pro-Pay where employees can receive lump sum merit bonuses once they reach the top of their pay range and is only paid for above average performance (REFERENCE?). Star/Superstar programs are where employees who represent the top ten percent of performers receive lump sum bonuses. Along with a Pay for Performance system, there must also be in place a incentive system. (Grossman, YEAR?). Pay perform & prod (next lines) (INCOMPLETE SENTENCE) "Many US business owners are finding that turning to incentive programs is a good way to boost productivity and improve morale† (REFERENCE- NEED PAGE NUMBER FOR DIRECT QUOTE).. A properly structured incentive-driven system (IDS) provides several methods and levels of compensation. All IDS systems must be tailored to each organization. What works in a hospital may not work in academia (Dressler, YEAR?). It is usually a mistake to implement an incentive plan without input from employees. Management should use a program design team composed of employees and supervisors. They could work with Human Resources in the development of

Applying Anticipatory Logistics to Business Essays -- essays research

Applying Anticipatory Logistics to Business What is anticipatory logistics? It’s a system made of information which anticipates the requirement of customers needs so suppliers can provide adequate service production to meet their needs. Anticipatory logistics is part of the supply chain management which is how things get from the manufacturer to the customer, but it also is the raw materials that are needed in manufacturing. The U.S. Army uses Anticipatory logistics in their supply chain to manage ammunition, maintenance and fuel needs; they use C4I which stands for computer, command, control, communication and intelligence along with other DOD military branches. Logistics are part of military operation and knowing when solders will need new equipment in the field takes planning and coordination through the supply management board. In this paper I attend to describe anticipatory logistics and why it works well for the army and that is should be used in corporate business. To understand more about anticipatory logistics, it’s important to understand the supply chain management. The supply chain involves how things get from the manufacture to the end user, but its is also how materials which is needed for manufacturing get to the manufacture and the company that makes the goods from them who is the end user in a supply chain of command. If the supply chain isn’t managed correctly, there could be delays in production process or there would be too many shipments and not enoug...

Chopins Lilacs and the Story of the Annunciation :: Chopin Lilacs Essays

Chopin's Lilacs and the Story of the Annunciation  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚   When the theologian Elisabeth Schussler Fiorenza writes that the myth of the Virgin Mary "sanctions a deep psychological and institutional split" (59) among women in the Catholic tradition, she captures what Kate Chopin also captured in her story "Lilacs." There, sisterhood between secular and religious women appears fragmented and nearly impossible. To scrutinize the division, Kate Chopin fashions her story around the portion of the Virgin Mary myth told in St. Luke's gospel of the Annunciation of the birth of Jesus spoken to Mary by the archangel Gabriel. Working with that text, "Lilacs" mocks a tradition prizing virginity and separating the cloistered from the secular. Irony prevails, but so too does the sorrow born of religious restraint and condemnation. From the tension in the Annunciation between the virginal and the non-virginal comes ages of women divided from one another on the basis of chastity and divided internally into spiritual and physical selves.    Chopin's "Lilacs" plays out this division on the grounds of a Sacred Heart convent and in the apartments of a Parisian mondaine to question whether a life almost wholly spiritual or a life almost wholly physical can be anything but the subject of ridicule. The narrator tempts us to enjoy the ridicule only to have us feel more painfully at the story's end the dolorous effects of con strained desire, effects which diminish both nun and secular woman.    As a story that draws so heavily on the details and symbols of the Annunciation story, "Lilacs," we could assume, would want to remind us of Mary's (and, by extension, woman's) salvific role as the vessel chosen by God to ensure humankind's redemption. But "Lilacs" fails to announce the good news for women as it sees too clearly that what was salvific for humankind ended up dividing women within themselves and within the Catholic tradition because of that tradition's insistence on Mary's virginity before and after childbirth. This insistence separated the ideal virginal mother from real women and mothers whose joyously experienced sexuality closed the doors to work within the clerical ministry even until today. The Annunciation story for Kate Chopin is a story told at the expense of women's sexuality and spirituality, full and complementary as they might have been. The notion of a failed annunciation, then, opens "Lilacs": "Mme. Adrienne Farival never announced her coming.

Annexure

ANNEXURE I SIGNIFICANT CHANGES REFERRED TO IN PARA 4 OF THIS CIRCULAR Sr. Subject Matter No. 1. Exemption from eligibility norms for making an IPO 2. Debarment Provision under the rescinded Guidelines Exemption available to banking company, corresponding new bank and infrastructure company. Company prohibited from making an issue of securities if it had been prohibited from accessing the capital market under any order or direction passed by the Board. Provision under the ICDR Regulations Exemption removed.Eligibility norms made applicable uniformly to all types of issuers. Issuer not to make public issue or rights issue of specified securities if: (a) the issuer, any of its promoters, promoter group or directors or persons in control of the issuer are debarred from accessing the capital market by the Board; (b) if any of the promoters, directors or persons in control of the issuer was or also is a promoter, director or person in control of any other company which is debarred from acc essing the capital market under any order or directions made by the Board.Provided for. 3. 4. 5. 6. Offer for sale by listed companies OTCEI Issues and E-IPO Firm allotment in public issues Reservation on competitive basis in public issues No provision. Contained in Chapter XIV and Omitted. Chapter XI A. Permitted. Omitted. (a) For Indian and multilateral (a) Omitted. development financial institutions, Indian mutual funds, foreign institutional investors and scheduled banks. b) For shareholders of the (b) For shareholders (other than 6 7. promoters) in respect of listed promoting companies in promoting companies, in case the case of a new of a new issuer and listed group company and shareholders companies, in case of an of group companies in the existing issuer. case of an existing company. Book building Book building process 75% book building route omitted. process through 75% or 100% of issue size. 8. 9. 10. 11. 12.Allotment/ refund period in public issues Disclosure of price or price band Transfer of surplus money in Green Shoe Option (GSO) Bank Account Issue period for Infrastructure companies in public issues Currency of financial statements disclosed in the offer document 30 days for fixed price issues and 15 days for book built issues. Required in draft prospectus in case of fixed price public issues. Surplus money to be transferred to Investor Protection Fund of Stock Exchanges. 15 days for both fixed price and book built issues. Not required to be disclosed in draft prospectus.Surplus money to be transferred to Investor Protection and Education Fund (IPEF) established by the Board. 21 days, as against 10 days Uniform period of 10 days for all for other issues. types of issuers. 13. 14. 15. Definition â€Å"Key Management Personnel† Disclosure on Not provided. pledge of shares by promoters Extent of Not explicit. Particulars as per audited Government and non-government financial statements not to be issuers treated at par. more than 6 months ol d from the issue opening date for all issuers, except Government companies.Defined. of Not defined. Provided for. Where 100% of the offer through 7 underwriting obligation 16. The term â€Å"Financial Financial open to institution as a Institution† interpretation. monitoring agency Definition of Includes permanent â€Å"employee† employee/ director of subsidiary or holding company of the issuer. Restrictions on If issue opening and closing advertisements advertisement contained highlights, then the advertisement required to contain risk factors. Forfeiture money unexercised warrants preferential issues of Open to interpretation. n in 17. 18. offer document is underwritten, underwriting obligations shall be for the entire amount underwritten. The term â€Å"financial Institution† replaced by â€Å"public financial institution or a scheduled commercial bank†. Excludes permanent employee/ director of subsidiary or holding company of the issuer and promoters and immediate relatives of promoters. If advertisement contains information other than the details specified in the format for issue advertisement, the advertisement shall contain risk factors. 19. 20. 21.Outstanding convertible instruments in case of initial public offer (IPO) Minimum promoters’ contribution 22. Issue period in case of public issues Where the warrant holder exercises his option to convert only some of the warrants held by him, upfront payment made against only such warrants can be adjusted. The balance upfront payment made against the remaining unexercised warrants shall be forfeited. Compulsory conversion of Compulsory conversion of all outstanding convertible outstanding convertible instruments instruments and other rights held by any person. eld by promoters or shareholders. Could be brought in by Shall be brought in only by whose identity, promoters/ persons belonging promoters to promoter group/friends, photograph, etc are disclosed in the relatives and associates of offer document. promoters. Issue period not clear in case Total issue period not to exceed 10 of revision in price band in days, including any revision in price book built public issues. band. 8 23. 24. 25.Pre-issue advertisement to be made after registering of prospectus/ red herring prospectus with Registrar of Companies before opening of the issue. uch as Only checklist to be attached. Documents to be Documents attached with memorandum of association due diligence and articles of association of the company, audited balance certificate sheet, checklist for compliance with the rescinded Guidelines etc. Group The term â€Å"group companies† The term â€Å"group companies† companies not explained. explained. Timing of preissue advertisement for public issues Pre-issue advertisement to be made immediately after receipt of observations from the Board. 9ANNEXURE II APPLICABILITY OF THE ICDR REGULATIONS IN RESPECT OF DRAFT OFFER DOCUMENTS FILED UNDER THE RESC INDED GUIDELINES Sr. No. 1. Particulars Applicability of the ICDR Regulations Draft offer documents filed, but Such draft offer documents would be considered as observations yet to be issued filed with the Board under the corresponding provisions of the ICDR Regulations. Merchant bankers by the Board may, however, be required to submit a checklist confirming compliance with the corresponding provisions of the ICDR Regulations.Observations issued by the Board under the rescinded Guidelines, but in-seriatim reply yet to be filed by merchant bankers (a) In-seriatim reply filed with the Board under the rescinded Guidelines (b) Offer document yet to be registered with the Registrar of Companies (ROC) / filed with the designated stock exchange (DSE), as the case may be In-seriatim reply shall be filed in terms of the ICDR Regulations and while doing so, merchant bankers shall submit a checklist, along with a confirmation that all the provisions of the ICDR Regulations have been duly compl ied with.Merchant bankers shall be required to submit a checklist, along with a confirmation that all the provisions of the ICDR Regulations have been duly complied with, before registering/ filing the offer document with the ROC/ DSE, as the case may be. 2. 3. 4. Offer document registered with Merchant bankers may proceed with the issue. the ROC / filed with the designated stock exchange, as the case may be