Roles Of Rn, Lvn Uap an Example of the Topic Health Essays by

Roles Of Rn, Lvn Uap A registered nurse is responsible for assessing the health needs of the patient by properly examining their health status and the checks the patients response to treatment, provision of self-care, coping with chronic illness and the patients function related to the daily living. Together with the patient, the patients family, the healthcare professionals and physicians, he or she devises an individual care plan. The Registered Nurse evaluates the results of the plan and revises her plan accordingly. Need essay sample on "Roles Of Rn, Lvn & Uap" topic? We will write a custom essay sample specifically for you Proceed According to the Association of Rheumatology health professionals, the role of the Registered Nurse is stated as,The RN, in collaboration with the patient, implements a variety of interventions. These are designed to manage pain, improve function, maximize independence, provide education, strengthen coping strategies, and improve access to community resources. In addition, the RN administers, monitors, and educates about medications. The RN also acts as an advocate for the patient and family within the health care facility, the community, and the legislative arena (ARHP Executive Committee, 2002). The licensed practical nurses are also known as licensed vocational nurses roles vary from work place to work place. They mainly work under the Registered Nurses, Physicians and other healthcare professionals and perform tasks such as giving injections, observing patients, dressing wounds and administering medications. Their roles are ever expanding in rehabilitation centers where they care for the sick and the old. In other words, the licensed practical nurses are basic nurses, subordinate to the registered nurses. An LPN can further expand her career by becoming an RN later. According to the Health Career Center, their role is stated as, Licensed practical nurses are often responsible for observing patients, recording their reactions to medications and treatments, and reporting the results to the registered nurse or physician in charge. Individuals interested in becoming a licensed practical nurse should be intelligent, tactful, caring, and possess sound judgment. These skills, along with good health and physical stamina, are very important in this line of work. LPNs should also have a sincere interest in people and be able to maintain good interpersonal relationships with them (Health Career Center, 2004). The UAP, otherwise known as the Unlicensed Assistive Personnel are the assistants of nurses and work directly or indirectly for them. Since they are unlicensed and lack the proper training, they are mostly delegated under the Registered Nurses and help with the hospitality tasks for the patients basic needs. According to American Nurses Association, the role of the Unlicensed Assistive Personnel includes, includes activities such as assisting such as assisting the patient with feeding, drinking, ambulating, grooming, toileting, dressing, and socializing. It may involve the collecting, reporting, and documentation of data related to the above activities. This data is reported to the RN who uses the information to make clinical judgments about patient care. Delegated activities to the UAP do not include health counseling, teaching or require independent, specialized nursing knowledge, skill or judgment. Indirect patient care activities are necessary to support the patient and their environment, and only incidentally involve direct patient contact. These activities assist in providing a clean, efficient, and safe patient care milieu and typically encompass chore services, companion care, housekeeping, transporting, clerical, stocking, and maintenance tasks (ANA, 1997). Therefore, the Registered Nurses are the most qualified personnel in the healthcare system followed by the Licensed Vocational Nurses and then by the Unlicensed Assistive Personnel. Their roles differ accordingly based on their qualification and experience in the healthcare. REFERENCES: ARHP Executive Committee (2002). The role of Registered Nurse in the Management of Rheumatic disease. Health Career Center (2004). Licensed Practical Nurse. ANA (1997). Registered Nurse utilization of Unlicensed Assistive Personnel.

Free Essays on Human Rights Peru

Human Rights Country Report: Peru I chose to do this report on Peru in light of the recent â€Å"Truth and Reconciliation Commission's report† that was made public on August 28, 2003. The Permanent Mission of Peru to the United Nations Office at Geneva addressed on the 13th of September 2001, the Office of the United Nations High Commissioner for Human Rights (letter attached) informing them on some changes and the formal implementation of this commission whose goal it is: â€Å"to bring to light the process, events and responsibilities involved in the terrorist violence and violations of human rights which took place from May 1980 to November 2000, committed both by terrorist organizations and by State agents, and to propose initiatives to strengthen peace and harmony among Peruvians; That one of the essential aims of the Commission is to lay the foundations for a profound process of national reconciliation by shedding light on the facts and re-establishing justice.† The Commission’s report declares that the armed internal conflict of this 20 year period was the most intense, expanded and prolonged in the entire history of The Republic of Peru. 68,280 people died victims to violence, this estimate surpasses the amount of casualties Peru has ever had in external war and civil war combined, in its 182 years of independency according to the report. Brief History/Record: Peru is a party to the International Covenant on Civil and Political Rights (Date of receipt of the instrument of ratification, 28 April 1978. Date of entry into force, 28 July 1978) its last report to the Human Rights Committee (its fourth periodic report) was due on April 9 1998 but was actually submitted on July 3 1998, the report was considered on the 23rd and 24th of October 2000. The Committees observations declare generally in its introductory statement that it â€Å"†¦appreciates the delegation's willingness to establish a dialogue with it... Free Essays on Human Rights Peru Free Essays on Human Rights Peru Human Rights Country Report: Peru I chose to do this report on Peru in light of the recent â€Å"Truth and Reconciliation Commission's report† that was made public on August 28, 2003. The Permanent Mission of Peru to the United Nations Office at Geneva addressed on the 13th of September 2001, the Office of the United Nations High Commissioner for Human Rights (letter attached) informing them on some changes and the formal implementation of this commission whose goal it is: â€Å"to bring to light the process, events and responsibilities involved in the terrorist violence and violations of human rights which took place from May 1980 to November 2000, committed both by terrorist organizations and by State agents, and to propose initiatives to strengthen peace and harmony among Peruvians; That one of the essential aims of the Commission is to lay the foundations for a profound process of national reconciliation by shedding light on the facts and re-establishing justice.† The Commission’s report declares that the armed internal conflict of this 20 year period was the most intense, expanded and prolonged in the entire history of The Republic of Peru. 68,280 people died victims to violence, this estimate surpasses the amount of casualties Peru has ever had in external war and civil war combined, in its 182 years of independency according to the report. Brief History/Record: Peru is a party to the International Covenant on Civil and Political Rights (Date of receipt of the instrument of ratification, 28 April 1978. Date of entry into force, 28 July 1978) its last report to the Human Rights Committee (its fourth periodic report) was due on April 9 1998 but was actually submitted on July 3 1998, the report was considered on the 23rd and 24th of October 2000. The Committees observations declare generally in its introductory statement that it â€Å"†¦appreciates the delegation's willingness to establish a dialogue with it...

Find a multinational trading or manufacturing organisation of your Research Paper

Find a multinational trading or manufacturing organisation of your choice. Describe and evaluate the changing business environme - Research Paper Example Also explored in this paper is the impact of change on the organizational structure and general performance of the company. Performance was assessed through a comparative analysis of the company’s strengths and that of the competitors. Financial reports were also used to establish the trends of performance as they relate to the various changes undertaken by the company. Introduction PepsiCo Inc., remains one of the leading food and beverage companies both in the United States and in different parts of the world. Over the years, the company has undergone structural and managerial changes aimed towards enhancing its market profile and general performance. Longitudinal inquiries into the company’s potential show that the company has continued to post impressive financial results as a result of strategic changes in its internal systems and supply chain (Bachmeier 141). PepsiCo’s expansion into Asia, Europe, Africa, and other parts of the world demonstrates a determin ed agenda of breaking into new market segments beyond its original geographical niche. The same determination manifests itself through the mergers, acquisitions, and purchases that the company has undertaken in the course of its operation. ... A diversified range of products remains one of the strongest selling points by which PepsiCo manages to maintain an impressive lead on the global market. It might be argued that some of the changes that relate to the company’s change of profile are necessarily linked to market forces, which tend to favor multinationals and bid corporations. On this note, it remains evident that the changes in the processes and structures of the company had some significant impacts in terms of growth and profitability. Sustained competition with other food and beverage companies on the market has occasioned a shift in production methods with the aim of retaining its hold on the market share. The reliance on both carbonated and un-carbonated drinks has allowed the company to attend to the diverse tastes of the market, which also translates into increased revenue flow. One of the competitive advantages that PepsiCo enjoys over its main rival is the diverse product range. Essentially, the performa nce of PepsiCo could be assessed from the perspective of the various factors that attend to the dynamics of global competition. Consistently, PepsiCo has engaged in strategic corporate social responsibility programs that are aimed at promoting healthy nutrition in the wider society. This strategy weighs into public concerns of proper nutrition in the wake of diet-related lifestyle diseases. The Business Environment PepsiCo operates in a highly competitive business environment particularly because it relates to the health and nutrition of populations. The food and beverage business environment attracts new players every year due to the high returns on capital for the successful ventures. The competitive nature of the environment

Compare the NIMBYism Between China Three Gorges Dam and India Delhi Essay

Compare the NIMBYism Between China Three Gorges Dam and India Delhi Dam. (Research Project) - Essay Example While the authoritarian government in China hardly allows people to give own opinions, people in India have the power to complain and provide personal opinions. Due to this difference, transnational movements have great influence over the Indian people than the Chinese people. India enjoys these privileges because the country endures a democratic regime. The other key factor discussed in the paper that also creates the difference is the history of each dam project. The Indian project is much older and has resulted to more damages as compared to the Chinese dam project. People in India would more likely to perceive future disasters than the Chinese people making their case more complicated. This implies that political structure is the most important as analyzed in the paper. Dr. Yat-Sen first proposed Chinese Three Gorges dam project with the main objective being to control the flooding of Yangtze River and generation of electricity. However, according to a public opinion survey by Chetham, the local population felt that the extra energy generated by the project would not benefit them as the project was aimed at producing energy not intended to the local consumers. The dam spans River Yangtze by the Sandouping town. The dam is the largest power station in the world with respect to its installation capacity of 22,500 MW. The Three Gorges Dam became fully functional in early July 2012, but the dam itself was completed in the year 2006. At this time, the main turbines within the underground plant started production of hydroelectric power. Every main turbine is known to yield a power capacity of up to 700MW. In total, the project has 32 main turbines, which together with other smaller generators, 22,500MW of electric power is generated. On the other hand, the Delhi Dam project started with an embankment dam specifically on River Maquoketa. It was situated about two and half

Technology and culture class Essay Example | Topics and Well Written Essays - 250 words

Technology and culture class - Essay Example Bill Joy, on the other hand, talks about the threat of artificial intelligence to mankind in his book â€Å"Why the future doesn’t need us†. He talks in a very pessimistic manner and he talks about how robots will take over from humans and will perform everything without the help of human technology. Bill argues against the â€Å"rise of the robots† and predicts a horrific future for mankind because of this. He predicts that the acceleration in improvement of technology mean s that humans will fuse with robots. A comparison of the two authors works show that Ray is more of an optimist about the improvement of technology, while Bill is a pessimist. Bill claims that the doom of humans will occur because humans will drift towards robot control. This is because the problems in future will be s complex on artificial intelligence will be able to solve them after which robots will take control of everything. Ray, on the other hand, believes that the exponential improvement in technology will bring about changes that will shock mankind. He does not talk about the doom of the human

Determinants of Exchange Rate in Malaysia

Determinants of Exchange Rate in Malaysia Chapter 1: Introduction 1.0 Introduction As the world develops and getting more integrated, business trading or even international trading has became a very common activity. Currency or most commonly known as money is use or circulation to pay in exchange for goods and services, money are use as a medium of exchange. There are two kinds of money form, the banknotes and the coins. Banknotes are more commonly used because of its convenience. Money is indeed a very important invention in human kind history. As times goes by, more and more different kind are introduced by countries and these different currency are controlled and printed by their national banks. As the world getting more integrated, the relationship of these currencies is getting more complicated. The dominating currencies include the US dollar, British Pound Sterling and the Euro Dollar. Malaysia is a developing country located at the South East Asian; Kuala Lumpur is the capital city for Malaysia. Malaysia has gain independent from the British colonist in the year 1957. In 1967, the National Bank of Malaysia had introduced the Malaysia dollar and it had been using it as the official currency to trade in Malaysia. During the decades, the currency had developed and minor changes were made. Now, the currency is already known as the Ringgit Malaysia (RM). Ringgit Malaysia (RM) had always been stable and developing during the course of decades. However, during the Asian currency crisis, Ringgit Malaysia (RM) was badly affected and the volatility of the currency is severe. Due to the effect of the Asian currency crisis, the Ringgit Malaysia (RM) is fluctuating between 3.80 and 4.40 a US dollar. The Malaysia currency was implying the floating rate regime until end of 1998, the government of Malaysia decided to peg Malaysian Ringgit to US dollar at a rate of RM3.80 to a US dollar. In this research, a study will be conduct with a topic of â€Å"The determinants of exchange rate in Ringgit Malaysia.† In this chapter, brief explanation will be done for background of study, problem statement, research question, research objective, significant of study and outline research. The other chapters of literature review, data and methodology, data analysis and also conclusion. For Malaysia, exchange rate is one of the most important factors affecting the development of the countries’ economy. It will influence the interest of investors because exchange rate risk plays will affect the profitability of their investments. Many studies had on exchange rate but very little is about the Ringgit Malaysia. However the factors influence the movements of Ringgit Malaysia that will be discussed in this research are Inflation rate, Interest rate, Gross domestic product, and Balance of Payment. 1.1 Background of Study On the day of June 1967, it is an historical moment for the Malaysian history because the new central bank of Malaysia, Bank Negara Malaysia had introduced the Malaysian dollar. The Malaysian dollar was use to replace the Malaya and British Borneo dollar. The word ringgit means pointy inBahasa Malaysia. It came from the idea of the serrated edges of silver  Spanish dollars. Silver Spanish dollars was commonly spread in area the 16th and 17th century throughout the area during Portuguese colonial era. The word â€Å"Ringgit† means dollar in Malay, Singapore dollar and Brunei dollar are sometimes also referred as the ringgit. In August 1975, ringgit and sen were formally used as the official names. The sign used â€Å"$† (or â€Å"M$†) is finally replaced by â€Å"RM† (Ringgit Malaysia) in around 1997, â€Å"MYR† is being used internationally as the code for Ringgit Malaysia. The ringgit is separated into 100 sen. As for Malaysian coins, the denominations will be 1 sen, 5 sen, 10 sen, 20 sen, 50 sen, and RM 1. For the denominations for banknotes, it will be RM 1, RM 2, RM 5, RM 10, RM 20, RM 50, RM 100, RM 500 and RM 1000. Ringgit Malaysian had replaced the Malaya and British Borneo dollar, the new currency was initially priced to British pound with the ratio of 1 sterling to RM 8.57 as same as the old currency. Five months from the launching of the new Ringgit Malaysia in November 1967, the pound sterling had depreciated approximately 14%. The Ringgit Malaysia was not influenced much as it is not pegged to pound sterling but the value of Malaya and Brunei dollar fall in value too. Despite of the appearance of the new currencies in Malaysia, the three neighbors countries which includes Malaysia, Singapore and Brunei still keep the Interchangeable Agreement which stated the currency union that Malaysian Dollar was able to change at the equality with the Brunei Dollar and Singapore dollar. Yet in May 1973, the Malaysia government decided to withdraw from the agreement, Malaysia Ringgit will no longer pegged to Singapore dollar or Brunei dollar. However, the Monetary Authority of Singapore and Brunei Currency and Monetary Board still preserved the interchangeable of their two currencies. In the 1990s, Malaysia experienced a economy boost. A lot of investors were making tons and tons of money from the Malaysia Capital Market. However, when the Asian Currency Crisis happened in 1997, the unanticipated wave kept many investors stocked, they wasnt prepare to face such ciao. The currency market was badly affected, ringgit was much affected too. Many economists came out and analysted the reason behind this crisis, many even put the blame on the famous speculator, Mr George Soros. At that period, Ringgit Malaysia was valued between 3.80 and 4.40 to the US Dollar,the former Malaysia Prime Minister, Tun Dr Mahathir decides to  peg the national currency to the US dollar in September 1998, fixed its 3.80 to the US Dollar. This peg lasted as long as seven years. After the crisis, Ringgit Malaysia had yet to regain its value against most major currencies. During 2004, ringgit seems to be undervalued by 15 to 20 percent. In the same year, because of the depreciation of US dollar, ringgit was weakens by 17.9 percent against euro and 10.2 percent against Japanese Yen. In July 2005, China had announced that the Chinese’s currency, Renminbi will no longer peg to US dollar. After the announcement, Malaysia also announced the end of the peg of Ringgit Malaysia with US dollar. According to Bank Negara, Malaysia will now allow the currency to float in a managed  range  against numerous major currencies. This has made the price of the ringgit increasing closer to its supposed market value, the national bank has intervened to maintain the stability of Ringgit and not to allow too much fluctuation. After following the free float regime, the ringgit  value went upto as high as RM3.16 to a U.S. dollar in April 2008. On 24 April 2010, TheStar online reported, the ringgit value has increased about 6.7 percent yearly against US dollar. According to Business Times, January 15, 2011, ringgit had hit almost a 14 years high of RM3.052 for a US dollar. Ringgit Malaysia shows a movement of appreciation year by year. It is also a good sign of stability of economy in Malaysia. 1.1.1 Development of Ringgit Malaysia 1.1.1. a. Development of Bank Notes First series of Malaysian Dollar Malaysian dollar banknotes were initially issued by Bank Negara Malaysia on 6 June 1967. The dollar banknotes are denominated in $1, $5, $10, $50 and $100. On September 1968, the Malaysian national bank, Bank NegaraMalaysia had also issued $1000. Additionally, the image of Tunku Abdul Rahman, the first Yang di-Pertuan Agong of Malaysia was printed on the first banknote of Malaysian dollar. Also, Tun Ismail bin Mohamed Ali’s signature was printed on the first dollar note of Malaysia who was the Malaysian Governor of Bank Negara at that moment. On 16 August 1972, Bank Negara Malaysia adopted an new administrator to include the national language, Bahasa Malaysia into the printing of the new banknotes while remaining the old designs. (Jack, H. 2008) Second series of Malaysian Dollar In 1982, Bank Negara Malaysia had designed and issued the second series of Malaysian Dollar, the Malaysian traditional decorative was used as design on the new Malaysian dollar. The second series of Malaysian dollars come in $1, $5, $10, $20, $50, $100, $500, and $1000. However, the numbers of $20 bank notes were less compare to the other amount of the currency. In 1997 when the Asian Financial Crisis happened, large amount of number of $500 and $1000 were transferred out of the country. In about 1993, $1 coin was introduced to substitute the $1 notes. Since then, $1 notes were discontinued. Third series of Malaysian Dollar In 1996, in the spirit of Wawasan 2020 Bank Negara Malaysia had issued the third series of Ringgit Malaysia. They are denominated in RM2, RM5, RM10, RM50 and RM100. To deter and avoid counterfeiters, additional hologram strip was added on the RM50 and RM100 notes. A new series of RM10 note was issued by Bank Negara Malaysia in 2004. Security features previously implied in RM50 and RM100 notes like the holographic strip is added to the new series of RM10 note. Also, RM 5 note with distinctive transparent window designed was introduced; they are made in polymer material which was never had in Malaysia. Bank Negara Malaysia also suggested all paper notes will be replaced by polymer notes in the future. Fourth series of Malaysian Dollar Bank Negara Malaysia had released a new design of RM50 banknote which will enter the circulation at the beginning of January, 2008. The banknote RM50 remained the unique colour of green-blue but changed a new design. The new design is to support the national mission which expresses the moving up of value chain for economy of the country. Malaysia economy is under the transformation of higher value-added activities such as agriculture,  manufacturing  and services. One the right of the currency, the first Yang di-Pertuan Agong,  Tuanku Abdul Rahman is remained. The national flower, hibiscus is also designed to present at the centre of the banknotes. To celebrate the 50th Anniversary of Independence day, the logo of 50th Anniversary and features  Malaysias first Prime Minister,  Tunku Abdul Rahman declaring independence is also printed on the reverse of the banknotes. New security features include a watermarked portrait of the Yang di-Pertuan Agong, a security thread, fluores cent elements, and multi coloured latent were also added to prevent counterfeiting. On 2011, Bank Negara Malaysia announced the re-introduction of RM20 banknote. 1.1.1. b. Development of Coinage First series of Malaysian Coinage In 1967, the first series of Malaysian sen coins were introduced. They are denominated in 1 sen, 5 sen, 10 sen, 20 sen, and 50 sen. After that, in 1971 the 1 Ringgit Malaysian coin was introduced to the public. First, the Ringgit Malaysian coins are varied by diameters. Practically all the coins were minted in almost consistent obverse and reverse designs. The frontage is depicting the Malaysian Houses of Parliament, the official star and crescent moon from the Malaysian flag, Jalur Gemilang. Malaysian coins are all minted from cupronickel with the only exception of 1 sen. The 1 sen coin was minted in bronze  in the year 1967 to 1972. From 1973 onwards, the national bank of Malaysia minted the 1 sen coin with steel clad combined  copper. Redesigning was made on the50 sen coin. For the 50 sen coin, minor modification was made to add the Bank Negara Malaysia letterings at the edge of it. The first Malaysian coins series was halted in 1989 because the second series of Malaysian coin s was introduced. The first series of Malaysian coins are still in the circulation till now, but the number had reduced significantly. Second series of Malaysian Coinage In 1989, the second series of Malaysian sen coins was introduced and entered into the circulation. Second series of Malaysian coins was redesigned, but principally retaining the design of edges, diameters and composition of the previous series. However, changes were made for the 1 Ringgit Malaysian coin. Modification include drawing of Malay cultural items on the front of the coin. On the upper half of the bank of the coin, the the  national flower, Hibiscus was printed. The designer of this series of coins was Mr Low Yee Kheng. The size of the 1 ringgit coin was also changed, from the original diameter of 33mm to 24mm. It was then minted from an alloy of copper,zincandtin. On December 2005, Bank Negara Malaysia decided to withdrawn the 1 ringgit coin from circulation because it was demonetised. The standardisation of the 1 ringgit coin from the two different versions was the problem behind it. Bank Negara Malaysia announced that a rounding mechanism of prices to the nearest 5 sen will apply to all the billing all around the country. This policy will start effective from April 1, 2008 onwards. With the latest policy from Bank Negara Malaysia made the 1sen 1 sen coin irrelevant. Items selling are still allowed to be priced in multiples of 1 sen, but the total bill will be rounded to the nearest 5 sen. Third series of Malaysian Coinage On 25 July 2011, the third series of Malaysian coins is being announced by the Bank Negara Malaysia. The new series of coins are released on 2012. The third series of Malaysian coins are being issued as commemorative coins. A theme â€Å"Distinctively Malaysia† is carried by the third series of Malaysian coins. Motifs of flora and fauna drawn are used in the design in this series of coins also the various cultures in Malaysia. It also reflects the diversity and richness of Malaysias national identity. These coins are denominated in 5 sen, 10 sen, 20 sen and 50 sen. According to Deputy Finance Minister Datuk Donald Lim, the productions of the coins are reduced by approximately 50% because of the change in metal composition. The diameter of the coins have also changed, colour on the 20 cent and 50 cent had changed from silver to yellowish gold. New designs like the fourteen dots symbolizing the thirteen states and the Federal of Malaysia are included in the new series. The five horizontal lines on the coins indicate the five principles ofRukunegara. As for the 50 cent, the round shape of the coins with nine indentations represents the original BANK NEGARA MALAYSIA lettering. Besides, the 50 cents from the third series will have a latent image security feature. When the 50 cent coins are tilted slightly, denomination 50 and SEN can be seen. 1.2 Problem Statement Exchange rate risk is a one of the key risk that international investors will take account when evaluating an investment. Therefore, determinates of exchange rate is a very important topic. Factors affecting the exchange rate are critical in determining the price of Ringgit Malaysia. A stable and predictable exchange rate will help the economy of a country to grow. If we know the significant factors affecting the exchange rate, we will be able to predict and determent what is the price of Ringgit Malaysia. Many studies have been conducted to determine the determinants of exchange rate and most studies are done used different methods and approaches on how to evaluate the exchange rate. However, the results obtain by some of these studies such as Louis Kujis (1998), Eiteman et al (2001), Otuori, O. H. (2013) and Fracis Fong (2006) differs. This is due to the fact that the results are influenced by the changes of countries’ internal conditions and the macroeconomic environment. U nfortunately, most of the studies concentrate only on major currencies like US dollar and pound sterling but not Ringgit Malaysia. Furthermore, Ringgit Malaysia had also shown potential and its immunization against financial crisis like the sub-prime mortgage in mid 2008. However, there has been little reference when analyzing the Ringgit Malaysia’s price determinates. Besides that, by using the same determinants and quantitative methods, the result for Ringgit Malaysia might differ from the result obtain towards the major currencies, as there could possibly be other factors not important in the developed countries that affects the Ringgit Malaysia or vice versa. Therefore, this paper is to attempt to fill in the gap by investigating determinates of Ringgit Malaysia hence make it possible to predict the price of Ringgit Malaysia. 1.3 Research Question The key research question asked is thus: â€Å"What are the factors affecting the exchange rate of Ringgit Malaysia against US dollar?† 1.4 Research Objective To explore the determinates of Ringgit Malaysia To evaluate the relationship between price of Ringgit Malaysia and major macroeconomic variables 1.5 Significant of Study Many studies had done to investigate the factors affecting the exchange rate. It had no doubt that exchange rate will an important topic to study. Exchange rate is influence by both countries’ internal conditions and also the macroeconomic variables. Most studies done are concentrating the major currencies like the US dollar, Euro dollar and British Pound Sterling. The result obtained from this research will be compare and check with these prior researches. Furthermore, most of these prior studies are done on developed countries’ currencies; this paper will also attempt to check for any similarity or differences between the currencies from developed countries and developing countries. In conjunction, the lack of studies done concerning the exchange rate of Ringgit Malaysia, this paper is done with the hope of assisting and helping more research that will be done on exchange rate of Ringgit Malaysia in the future. 1.6 Scope of Study This paper studies the impact of interest rate, inflation rate, Gross Domestic Product (GDP) and Balance of Payment (BOP) toward the exchange rate of Ringgit Malaysia. Quarterly data are used in this paper. 40 observations were used to carry on this study. However, due to the lack of data point from some variables, the sample size of this study had readjusted to 32 with a sample period of 2006 to 2013. 1.7 Outline Research Chapter 1 consists of the general background and aim of this paper. Besides, this chapter has briefly explained the problem to be investigated, the objectives and the significance of this study. Chapter 2 provides the literature review and more detailed facts about how the investigation will be carried. Hence, prior research theories that are related to this topic are presented. Using the theories previous discovered by other researchers, a framework will be constructed to analyze the volatility of exchange rate of Ringgit Malaysia from the data collected. The journals collected are from different sources; there include the online databases, journal articles and books. Chapter 3 presents the methodology and the data used in this research for analyzing the volatility of exchange rate of Ringgit Malaysia. Here, this chapter also explains how the investigating had been done. Furthermore, this chapter is divided into parts such as theoretical framework, sample of analysis and the hypothesis-testing framework. Chapter 4 describes and explains the empirical results and data analysis of the result obtained. It consists of statistical reports, and how do these reports related to the topic studied. Above all, this chapter mainly analyzes the relationship between the dependent variables and its determinants. Chapter 5 will summarizes and highlights all the key finding of the study. The conclusion will be a summary of the overall analysis and investigation done in the study.

Everyday Use: A Mothers Choice Essay examples -- American Literature

A Mother's Choice In her short story "Everyday Use", author Alice Walker introduces us to a Mother awaiting the visit of her daughter, Dee, who has left her rural upbringing to go away to college. Although we are not told an exact location, the descriptions provided by Miss Walker lead us to believe that the story is set in the very poorest section of the south. Momma narrates this story, and describes to us in her own simple way the dynamics of the family and the conflicts that arise with Dee's homecoming. Momma tells us she is uneducated; "I never had an education. After second grade, the school was closed." She further describes her rough, rural lifestyle. "I can work outside all day, breaking ice to get water for washing...One winter I knocked a bull calf straight in the brain between the eyes with a sledge hammer and had the meat hung up to chill before nightfall." Although seemingly simple and backward, Momma clearly describes the differences between her two daughters, the conflict that comes about with Dee's homecoming and the choices she is forced to make between her two girls. Maggie and Dee are two sisters that are as different as night and day. When Momma talks of Maggie, it is with a sad and gentle reflection of this daughter's lot in life. "Have you ever seen a lame animal, perhaps a dog run over by some careless person rich enough to be kind to him? That is the way my Maggie walks." Momma tells us, however that Dee, "She would always look anyone in the eye. Hesitation was no part of her nature. " Where Dee is pretty and bright, Maggie is scarred and slow. Momma seems more content being in Maggie's presence, having more in common with her than with her daughter Dee. She and Maggie tend the house together, ... ...py and shout." The daughter who has the deeper family values, who understands the true nature of heritage will be getting the quilts. Although Dee tells momma "You just don't understand ... your heritage." it is she who does not understand the significance of what she holds in her hand. By making Momma the narrator, Alice Walker has given us a simple but clear viewpoint. Listening to Momma's voice, we can better understand the background that makes two daughters so opposite. Momma helps us comprehend the confusion and conflict that Dee's arrival back home brings, and how everyone reacts. Through momma's narration, we can follow her thought process as she wrestles with the decision of who should get the quilts. Without Momma, the reader would not feel as intricately involved in the story or identify with the emotions Alice Walker incorporates in "Everyday Use."

Global Strategy and ENtering Foreign Markets Essay

Table of Contents Executive Summary Often when a company is looking to expand its operations to foreign markets they have an overall goal to create revenue and increase profit. Entering new markets can be an excellent opportunity for companies to utilize core competencies and increase value to the company. This paper will define global strategy and research the best strategies to use when expanding operations to international markets. Recommendations and conclusions will also be defined for when entering a foreign market, thus expanding operations. Because of the increased competition in international markets global strategies are more important then ever. When developing a strategy not only does a company deal with lower cost pressures, but also pressures for local responsiveness, and a need to adapt to differences in consumer preferences. This also can change the way the business on a whole is carried out. A company must choose a strategy that will help it best adapt to those pressures, as well as one that stays aligned with its overall strategic goals. Entering into a new international market seems like a good idea for most businesses, but requires lots of research and planning to be successful. The first decision to be made is what market to enter. New emerging markets with large populations allow for continued economic growth and an opportunity to add value to a product. The timing and scale of entry into a market can be also very important, for many companies in a new market the first mover advantage is one that comes with lots of benefits, including capture of market share. If the company penetrates the market with a significant presence they are likely to send a message to consumers that they are in the market for the long-term. Selecting a mode of entry into a new market heavily relies on the company’s core competencies, and how much control is desired. For some companies, creating a strategic alliance with a competitor is the best entry method into a new market. By creating an alliance with a competitor allows a company to enter a new market with less risk, and also gives the opportunity to learn about the new market from the alliance partner. Introduction International markets have become increasingly competitive recently because of liberalization of trade and investment environments. Due to this, companies entering the global marketplace must be more strategic to make a profit. â€Å"A company must have a strategy to reduce costs and create value as well as to differentiate its products from others, in order to be profitable in today’s foreign markets.† It is highly important for a company to work to reduce costs while, at the same time increase the perceived value of its products and differentiate product offerings, in comparison to its competitors. By creating more value on a company’s products, the more its customers will be willing to spend. By creating a product that is more appealing to the consumer through design, functionality, and quality, as well as lowering costs to produce the product, a company can create value in the eyes of the consumer. The primary activities involved in creating value for a product are research and development, production of products, marketing and sales, and the service and support being provided to the customers. Because of differences between the markets in various countries it is potentially beneficial â€Å"for each value creation activity to be based where factor conditions are most conclusive to the performance of that activity,† otherwise know as location economies. By doing this, the company is working towards a low cost strategy for value creation. When a firm is considering entering a market in a foreign country, it must carefully decide what market to enter, when to enter, and at what scale it should enter. These decisions should be heavily based on long-run growth and profit potential within the market. A firm will often expand into international markets in an attempt to earn greater return from their technological or manager know-how; also know as a firm’s core competenc y. As well as being faced with many cost reduction pressures, a company expanding globally is also likely to be faced with pressures for local responsiveness. When doing business in another country there will likely be a difference in customer preferences that will need to be met, differences in infrastructure, and the way of doing business such as distribution channels. Lastly, any demands that may be made by the host government (regulations) must be taken into consideration as well. These are all factors that need to be considered when a company is contemplating expanding to foreign markets, and choosing a proper global strategy. Global Strategy Strategy is defined as any actions a manager takes to attain the company’s goals. The main goal for a company’s strategy is generally to maximize their profit. Due to increased competition in many foreign markets, companies are forced to look at all of these strategies and see which are best for them when moving forward in the global marketplace, to be most successful. Strategic Choices A firm will generally use one of four basic strategies to enter and compete within the global marketplace. They are as follows: International Strategy, Multi-domestic Strategy, Global Strategy, or a Transnational Strategy. The strategy a company chooses can depend upon how much it needs to cut costs, and the differences it must adapt to within the new market. A company choosing an International Strategy works to create value by bringing valuable skills and products to global markets where competitors don’t employ the same skills. The company will transfer successful products to foreign markets, while also creating some local customization. For a company following an international strategy, many decisions including manufacturing and marketing decisions, will be localized to the country that they are doing business in. An example of a company using an international strategy is McDonald’s. In Japan they offer old favorites as well as the Korean KBQ Burger. When a company chooses a Multi-domestic strategy many key responsibilities and decisions become localized. The product offerings, marketing strategy and business strategy are customized to be successful in each market. Along with this strategy comes a mentality where management sees all foreign operations as independent businesses within the firms’ portfolio. A drawback of this strategy is because new value creation activities are employed within each market. A company may not get advantage from the experience curve benefits, and end up with a high cost structure. Companies pursuing a Global Strategy are generally also pursuing a low-cost strategy. Because of this, the company generally will not customize the product offerings between different foreign markets. A global firm will prefer a standard set of products offered through all of its markets where  they can use the cost advantage to allow for aggressive pricing tactics in foreign marketplaces. Because of the competitive nature of many marketplaces around the world many companies have no choice but to employ a transnational strategy. For a company that employs this strategy, it involves focus on reducing costs, transferring skills and products to new markets, and increasing local responsiveness. Because of all of the pressures that are involved with a transnational strategy, they can be difficult and complex to implement. Strategic Alliances â€Å"As opposed to a firm entering a foreign market on it’s own, they may form a strategic alliance with a potential or actual competitor.† A strategic alliance is defined as a cooperative agreement among competitors from different countries. By creating a strategic alliance with a competitor, a company can more easily enter a new foreign market. Within a strategic alliance a company will share many fixed costs with the alliance partner company, which can also potentially reduce operational costs such as training and purchasing costs. Because of these factors a strategic alliance can be beneficial for a company striving for an overall goal of lowering costs. â€Å"The alliance is cooperation or collaboration, which aims for a synergy where each partner hopes that the benefits from the alliance, will be greater than those from individual efforts.† Although a strategic alliance has many benefits for a firm that is entering a market they have never competed in befo re, there are also risks that should be considered. There’s the possibility of giving competitors low-cost access to new technology and markets, which they may not have had access to before. It is also important for a company to choose the right partner to ensure they are benefiting equally from the alliance. The proper partner for a firm will help achieve its own strategic goals, but will also have a shared vision for the purpose of the alliance. Any company that is looking to enter a strategic alliance with a competing company should do a proper background checks with public sources, and anyone that has maybe worked with the other firm in the past. It is also important to get to know the potential partner before immediately creating an alliance to ensure the chemistry is right between the management teams. Once an alliance has been created it is important for it to be managed properly, in order to be successful in its  overall strategic goals. It is vital for the once competing companies involved in the strategic alliance, to build trust with one another. If there isn’t mutual trust built within the relationship it â€Å"†¦can lead to competition rather than cooperation, to loss of competitive knowledge, to conflicts resulting from incompatible cultures and objectives, and to reduced management control.† Sometimes building personal friendships between members of each partner can help to create stronger trust within the business relationship as well. Entering a Foreign Market Although there is no clear-cut choice on how a company should enter a new market there are guidelines of things that should be considered and done before entering into a new market. A firm must first decide which market they should enter, then how it will enter the market, and finally at what scale and time it should make its entry. Not only is it important to research whether or not a specific business has viability within the market, you also need to assess the value that will be added to the market you are looking into entering. â€Å"Greater value translates into an ability to charge higher prices and/or build sales volume more rapidly.† Choosing A Market When a firm is researching different countries and their marketplaces to determine what market to enter, the appeal of a certain country will depend on balancing benefits, costs and risks that come with doing business in that particular country. â€Å"The largest compiler of data about foreign markets in the world is the U.S. Department of Commerce. Some of this information is available free and some involves paying a small fee. Other federal agencies also provide significant amounts of data that is available on their websites.† There are also many private agencies that can help a company find information regarding a new market. â€Å"Such groups as industry & trade organizations, local chambers of commerce and other business development groups provide a wealth of information about foreign markets.† When searching for a new or emerging market to enter it is important for a company to look at nations which are politically stable, and that have free market systems. These qualities are more likely to provide long-term economic growth and a larger capacity for such growth. Many companies that have expanded operations globally have gone to China and India in order to  lower costs, as well to take advantage of the availability of growth, due to the large populations. Entry Timing Once a company has done its research and chosen a market to enter they must then decide an appropriate time to enter the said market. A major advantage for a firm is when they are the first foreign firm to enter an emerging market, also know as first mover advantage. When a company is the first to enter a market, it is given the opportunity to capture demand within the market, and establish a strong brand name and recognition, before any of its competitors move in. â€Å"The firm gains the opportunity to build up sales volume and ride down the experience curve before rivals have a chance, giving the firm a cost advantage that later entrants into the market wont have.† This will enable the firm to cut prices and increase profits. Emerging Markets For a business looking to move into an international market, an emerging economy within a large market could be a favorable option as there is likely to be more growth potential for companies that are early movers. Emerging markets often provide benefits to the company such as lower costs, and the opportunity to become industry specialists. It can be a major advantage for companies to enter countries with large emerging markets, such as China and India in an effort to reduce costs and in turn generate more profit. Although being an early mover within an emerging market comes with these advantages; there can also be the disadvantage of pioneering costs. If business in the foreign country is done differently then in the home country the firm will need to spend time, energy and money on learning the rules of doing business within the host country. A firm that enters later into a market can avoid some of these costs by learning from what other companies have done, implement stronger strategies. Scale of Entry Once it has been determined which market to enter, and when is the best time to enter, a company must decide whether to enter the market and slowly expand its operations, or enter in a big way, at one time. To make this decision the firm must examine any strategic commitments that may be involved when entering the market, as it could have long-term impact that  can’t be easily reversed. Entering a market in a big way can mean major strategic commitment and can be hard to reverse but could pay off. If a company is entering a market on a significant scale customers and distributors are more likely to believe the company will remain in the market long term and will in turn attract more customers. However if a company invests too much to enter one market at a significant scale it could mean not being able to expand to other markets. By entering small-scale to a foreign market, the firm has more opportunity to learn more about the market before creating any major risks to it. This will limit potential losses but could cause the company to miss out on all of the advantages reaped by the first movers. Modes of Entry to Foreign Markets â€Å"The mode of entry is a fundamental decision a firm makes when it enters a new market because the choice of entry automatically constrains the firm’s marketing and production strategy. The mode of entry also affects how a firm faces the challenges of entering a new country and deploying new skills to market its product successfully.† A company has many different modes of entry to choose from, all with their own advantages and disadvantages. Modes of Entry Alternatives Exporting – A company choosing to export will produce a good or service within the home country and sell it in the new market. Exporting can be low cost for the company as well as can be beneficial for the company to get experience doing business within the new market. Although the company may save money on manufacturing, they are also likely to be paying higher transportation costs to export the product to the new market. Manufacturing firms often begin with exporting products to enter a foreign market, before switching to another mode. Turkey projects – A company that chooses to develop a turnkey project will hire a contractor, who will handle all of the details on setting up a firm within the new market. Once the contract is complete the firm is handed the key to the business, which will be ready and full operational for the company to take over and begin work in the new market. When choosing a turnkey project the company should ensure that the new market is within a country with stable political and economic conditions, to make the investment less risky. Licensing – â€Å"A company  which chooses a licensing agreement will enter into an arrangement where a licensor grants the rights to intangible property to the company for a certain period of time. During this period the licensor receives a royalty fee from the company for the use of the property.† Licensing can be a good option for a firm with manager know-how as there is little control over technology, and also comes with little risk. Franchising – Franchising is a specialized form of licensing where the firm paying the royalty fee to use the property, must also follow a set of rules on how to run the business. This can be good for firms with management know-how. Joint venture – â€Å"A joint venture entails establishing a firm that is jointly owned by two or more otherwise independent firms.† Joint ventures can be beneficial as there is often the opportunity to learn from your partner as well, as any risks are shared between the partners. Wholly owned subsidiaries – â€Å"Wholly owned subsidiaries occur when a firm owns 100 percent of its stock.† When establishing a wholly owned subsidiary in a new foreign market the company has the choice of setting up an entirely new business in the new market (Greenfield Venture), or it can acquire and already running business within the knew market and use its resources to promote the companies product line. Choosing an Entry Mode All modes of entry a company can chose from have both advantages and disadvantages. When attempting to choose the proper mode of entry a company will be forced to make a decision based on pressures of cost reductions, however the best entry mode for a company will depend mainly on that firms competitive advantage, whether it is technological know-how or management know-how. If a firm has a competitive advantage that is based on technological know-how, generally a wholly owned subsidiary is preferred, as control over technology is very necessary. By owning the whole subsidiary the company is giving up no aspect of control over their core competency. â€Å"The main competitive advantage of many service firms is that of the managers know how to run the business.† When this is the case, foreign franchises tend to be the preferred method of entry. By franchising the company has control over how the quality of the product or service. When choosing a mode of entry it could often depend on the amount a company gives control over its resources. Exporting offers the least amount of control,  and a wholly owned subsidiary offers the most control. Conclusion Although entering a new market and expanding a company globally can provide numerous benefits, it is something that needs to be done with proper strategic planning. Trade liberalization has caused heavy competition in many foreign markets and if proper research and planning isn’t flowed through, a company could fail in an international market. When choosing a new market, the company should loo at locations that will provide some benefit such as lower costs for manufacturing a product. â€Å"Create value for customers by lowering production costs and making products more attractive through superior design, functionality and quality.† Value creation is measure by the difference between what values a customer puts on a specific product, and the actual cost to make the product. The higher the value creation the more profit the business will make on that product. By reducing costs to increase revenue, the company is also increasing the value of the product, known as low cost strategy. Another way to increase value of a product value is through a differentiation strategy. By differentiating products from that of a company’s competitor, they are increasing the consumers perceived value of the product based, on its different features. When choosing an overall strategy it is important that it align with the company’s main goals and values, as well as with the host countries preferences. Generally a transnational global strategy provides companies with the most benefits, it is also the hardest and most complex strategy to implement. Once a strategy is chosen for the expansion across borders, the company then needs to research and choose which market to enter, when to enter the market, and at what scale to enter the market at. All three of these decisions are very important to the success of the business in the new market. The company should choose a market that will provide some cost benefit to it, such as cost savings manufacturing. Once a market is chosen, a time and scale need to be established for entry. The company needs to decide if it will enter with a large presence or if it will enter with limited exposure to better adapt to the new market. The company will pick between six modes of entry, mainly based on their core competencies. If the company has a lot of technological know- how they will likely chose a mode that offers more control such as a wholly owned subsidiary. If t is a  managerial know-how based competency, it will likely choose a mode with less control such as a franchise. It is important to consider every advantage weighed against the disadvantages when choosing a mode of entry. Works Cited Anca Gheorghiu, A. G. (2010). Entering New Markets – a Challenge in Times of Crisis. Retrieved June 2013, from Cornell University Library: http://arxiv.org/abs/1010.6050 Arnold, D. (2003, October 17). Strategies for Entering and Developing International Markets. Retrieved July 2013, from Financial Times Press: http://www.ftpress.com/articles/article.aspx?p=101588 Burher Business. (2011, October 20). Korean KBQ Burger is from McDonald’s, Not Food Truck. Retrieved July 2013, from Burger Business: http://www.burgerbusiness.com/?p=8303 Cebuc, G. (2007). The Role of Strategic Alliances in International Businesses. Romanian Economic and Business Review , 2 (4), 27-34. Charles W.L. Hill, T. M. (2009). Global Business Today. McGraw-Hill Ryerson. Cheong-A Lee, H.-Y. B. (2009). Culture and Foreign Market Entry into Korean Firms. International Journal of Business Strategy , 9 (2), 192-200. Enderwick, P. (2009). Large Emerging Markets (LEMs) and International Strategy. Internationa l Marketing Review , 26 (1), 7-16. Graham, J. P. (2004). Analyzing foreign Markets. (JPG Consulting) Retrieved July 2013, from Going Global: http://www.going-global.com/articles/analyzing_foreign_markets.htm Joseph Johnson, a. G. (2008). Drivers of Success for Market Entry into China and India. Journal of Marketing , 72, 1-13. Kate Gillespie, J.-P. J. (2007). Global Marketing (2nd Edition ed.). Boston, MA, USA: Houghton Mifflin.

Many Stresses of College essays

Many Stresses of College essays When you hear the word college, what do you think of? Most would say parties, fun, hard work, or something within the lines of these thoughts. Although I was excited to realize that I was coming into college, I never realized the problems I would stumble upon when finally attending. Within just the first few days of school, Id already encountered so many types of frustrations ranging from financial issues, registration, and the overall transition from high school to college. First of all, one of the obvious traits in which causes frustration is finance/money. Money will always be a problem when in college. The most aggravating financial issue this semester was finding out that there was an increase in tuition. Many students who paid before the deadline also had to pay the increase even though they registered early. My thirteen units alone cost $399. Besides the fact that tuition increased, just getting to school is costly. For the past few years, gas prices have increased, and declined dramatically. Although Cerritos College isnt very far from my home, I still see myself killing gas very fast. A lot of my gas is drained just from sitting in traffic on a freeway, especially when getting off on the Alondra exit, and circling the parking lots of our school just to find a parking space (usually ends up being pretty far.) Not only that, but the expense of materials for school are a great difference to me because nothing is provided for you like it was in high school. Just buying notebooks, pens, highlighters, pencils, and a TI-83 calculator cost me about $200, without books! Books alone cost me about $300 for about five classes. So alone in just one semester, Ive spent a little more than $1000, not including food, drinks, and other necessities. Finance wouldnt have been difficult if you hadnt dealt with the registration. Paperwork single-handedly was a difficult task for me. Although eve...

Heres Everything You Need to Know About Et Al.

Heres Everything You Need to Know About Et Al. Who speaks Latin anymore? Really, very few people do, however Latin phrases or abbreviations are abundant in English academic writing. Despite their initial confusion, they end up saving space and creating a more uniform format. So, if youve encountered one of these phrases- et al. for example- youll eventually find it useful in your academic research.Think of it like riding a bike: Once you understand the concept, the rest is easy!Et al. means and othersEt al. has come to represent three different Latin phrases, particularly et alia (neuter plural), et alii (masculine plural), and et aliae (feminine plural). The definition from Merriam-Webster is and others.Photo by Jordan Donaldson , the correct way to punctuate it is to include a period at the end. Since et means and, there is no reason to put a period following it. Also, there is no reason to put et al. in italics, even though it is a Latin phrase (mainly because it has been used in the English language for hundreds of years).A l ook at an exampleTo see how et al. is used in an academic work, lets take a look at a sample paper pulled from the APA (American Psychological Association) website.Looking back at page two in the paper, The effects of age in the detection of emotion, youll see the following citation:(Carretie, Hinojosa, Marin-Loeches, Mecado Tapia, 2004).This is the first reference to this particular study, which according to APA rules, must include all authors names when initially mentioned.Now, moving to page four, at the top of the page, we see the following group of citations:(Calvo Lang, 2004; Carretie et al., 2004; Juth, Lundqvist, Karlsson, Ohman, 2005; Nummenmaa et al., 2006).The mention of Carretie et al., 2004 is referring to the same study we saw cited on page two. The only difference is the fact that it is no longer being mentioned for the first time. Now, throughout the rest of the paper, the author can use et al. to refer to Carreties research writing partners without having to list all their names. The only exception is when listing it in the bibliography, works cited, or reference list- it must then include all authors names in the citation.More examplesAlthough et al. is mostly seen in academic writing contexts, it can also be used in less formal writing, while still maintaining the meaning and others. Here are some examples:Lets pack a picnic basket, with sandwiches, fruit, wine, cheese, et al.The loan officer wants paperwork turned in as soon as possible, including bank statements, tax documents, paycheck stubs, et al.Winter is finally here- ice, sleet, et al.

Using Your Manager Skills Research Paper Example | Topics and Well Written Essays - 1000 words - 1

Using Your Manager Skills - Research Paper Example First is the definition of the words used in defining the act pollutant, point source, navigable waters, and person (Manheim, 2009). Pollutant represents the solid waste, sewage, sewage sludge, biological materials, municipal, industrial, agricultural, discarded equipment and other forms of waste dumped into the water. The point source defines pipes, vessels, or containers from which pollutants are discharged. Navigable waters are water surfaces including wetlands whether or not water vessels use them. Finally, person defines corporations, government agencies, and actual people that may dump waste in water (Manheim, 2009). Secondly, the meaning of â€Å"in compliance† with the clean water act is also fundamental in understanding the act. It means that before an individual releases waste into the water, he or she must receive approval from the National Pollutant Discharge Elimination System (Ferrey, 2010). The permit provided by the agency is dependent on the individual’s waste components in accordance with the effluent limitations. The effluent limitations are limits that determine the amount and type of pollutant that can be put in a particular mass of water (Buck, 2006). This ensures that the waste dumped in particular water masses does not have a negative impact on the people that use the water. It uses technology-based standards to determine the best existing technology that every industry can use to control water contamination. For instance, it ensures that an individual has treated the waste and reduce pollutants in the water as much as possible. Additionally, the agency determines whether a particular water surface can handle any more waste products or not. Solid Waste Disposal Act deals with solid waste disposal. Solid waste includes refuse, garbage, industrial waste, and sludge from waste treatment plants. The act aims to reduce solid waste contamination in the environment by developing cost-effective and environmentally

Research and Analysis Business Problems Paper Example | Topics and Well Written Essays - 3500 words

And Analysis Business Problems - Research Paper Example JC Penney’s accomplishment is seen to be less in comparison with its competitors. At present, JCP is functioning to discard this previous image and is trying to concentrate instead on reasonable pricing, attractive marketing and highlighting the exclusive brands that are offered. By analyzing the stimulating plans revealed by JCP, it is found that there are enduring areas the company has not concentrated on. These gaps may cause problems in the long run and have a negative effect on innovation that the company is trying to accomplish. To sufficiently address and recognize the possible issues still prevailing within the new strategy for JCP, it is very important to understand the current position of the company. So as to recognize the newly projected changes and how they will really impact the company, it is important to acknowledge from where the company started, where it is at present and also where it is going. The analysis will connect jointly both periods of JCP and depict the four major environments (PEST) of the company. By analyzing the strategies of the company, any gaps within the plan are assessed and solutions are presented from an outside point of view. Going back to the original format of the department store is one of the recommendations, which would provide JCP with an opportunity of formulating a store separately. The area needs to consider properly before going ahead with this recommendation. Discussions must be done with suppliers to decide the sensibleness of introducing new store areas. Moreover, the company must consider performing a wide market study to scan if consumers are attracted in a central point ground one stop shop or not. It is also recommended to create partnerships between JC Penney and other trendy or customer preferred brands within the new areas of market. This is a modest risk recommendation as it engages integrating a second company into the variety mix for merely an imperfect time period. The retailer has proven th ey can provide good value and pricing, but they have also ignored the more obvious problems of poor merchandise mix and styles.   While JC Penny can compete on traditional and formal clothing, an understanding of newer styles seems to escape the company’s fashion buyers (Lee par 6). The company’s current triumphant partnership with Sephora, a cosmetic chain, has paved way for JCP to partner with stylish and popular brands. It challenges the ability to assign and stock products within the suitable time as well as budget that have already been set. It is also recommended to focus on implementing new product changes to fit into the existing image that JCP has shaped. This alteration to choose merchandise and separating merchandise could result in creating various challenges for JCP.   Ã¢â‚¬Å"It is also found that low inventory levels can adversely affect the fulfillment of customer demand and diminish sales and brand loyalty† (Item 1A. Risk Factors pg 5). Positi on: JC Penney Company, Inc. (JCP) is one of the main top department store retailers in America. James Cash Penney started the first JC Penney department store in 1902, initially named ‘The Golden Rule.’ Ever since, with â€Å"1033 JC Penney department stores in 49 states and Puerto Rico† (JC Penny 2006 web Pages and Annual Report par 3), it has turned out to be one of the leading retailers in the discount segment and department of the retail